Argentic Services Company LP - Special Servicer

Loan transferred to special servicing, effective 8/28/24. The Loan is in default due to Borrower's failure to comply with cash management provisions in the loan agreement. In connection with the non-monetary default, counsel has issued a notice of default and acceleration. Borrower had previously indicated that they would comply with cash management and deposit the excess cash leaked since the cash management trigger date into a lender-controlled reserve account. However, they have since refused to provid e the final open items necessary to set up the cash management accounts, deposit the excess cash, and pay all amounts due on the loan. Given the lack of cooperation, the appointment of substitute trustee was filed in connection with a January foreclosure sale. Borrower subsequently filed a TRO to block the January 2025 foreclosure sale, therefore, counsel filed accordingly for the removal of the lawsuit to federal court. The judge assignment in federal court was received and the preliminary injunction hea ring occurred on 2/25/25. The preliminary injunction was denied and the TRO was dissolved. The SS and Borrower have been negotiating a potential settlement agreement in the interim and all parties appear to have come to terms. Counsel is in the process of documenting a forbearance agreement, however, if the agreement is not executed by 4/14/2025, counsel will file the appointment of substitute trustee and the SS will be Loan transferred to Special Servicing 9/13/23 due to Payment Default. Following the transfer of the Loan, the Special Servicer had initiated enforcement of its remedies, but the parties subsequently entered into a Loan Reinstatement Agreement on 12/29/23. Cash Management has been implemented due to the failure of a DSCR Trigger. The Lender is working with the Master Servicer to provide additional requested documentation and return the loan in the near term. Transferred 11/19/24 due to Monetary Default. On December 6, 2024, counsel issued a notice of default and acceleration of the debt. Borrower requested a transfer to SS to negotiate a DIL as it indicated a desire to no longer hold title to the propert y. SS is preparing to move forward with the DIL, but in the event Borrower and SS are unable to come to an agreement SS will move to enforce its remedies.

5/12/2025 - Asset transferred to ASC from LNR Partners LLC effective June 24, 2022. The borrower indicated it no longer wanted to remain in title and cooperated with an orderly transition of title to the lender. The Special Servicer completed a DIL trans action and took title to the property 12/29/2022. Special Servicer is working with local brokerage team to execute on new leases and key renewals. A total of 27,588 SF (20.7% NRA) of leases have been signed since 12/29/2022.

5/12/2025 - Loan transferred to special servicing effective December 20, 2024, upon non-collection of the November and December 2024 payments. The Loan has triggered cash management, and the FF&E reserve was not appropriately funded as required under the loan agreement. Borrower and Lender have verbally agreed upon the terms of a loan modification which would fund the FF&E reserve and ensure full compliance with the loan agreement provisions. The modification is expected to be documented in the near term with the loan's return to master servicing following shortly thereafter.

Transferred to Special Servicing 01/12/24 due to Monetary Default. At SS's direction, counsel issued a notice of default and acceleration letter. Borrower and SS were working to execute a DPO Agreement that was approved by Lender, however, Borrower inform ed SS that they are unable to move forward. SS is currently marketing the note for sale, but in the event the highest offer is not at a price SS is able to transact at, SS will complete the ongoing foreclosure action.

The Lender's receivership order was granted on 4/1/2024. Since then, the receiver's leasing team has executed lease renewals or expansions for Comerica Bank, Wholesome Sweeteners, Karam Law Office, Thomas Kelly, MS Benbow, Pax Equity, Leon Law Firm, and Universal Surgical. In addition, they have executed two new leases for David Peake Law Firm and Stewart Title. They are currently engaged in renewal negotiations with Acrisure and Sovereign Wealth Advisors, and have received interest from a few new tenants . Given the challenging office submarket conditions, SS is evaluating all options in an effort to maximize recovery on the Loan. The receiver is remitting any excess cash generated by the property to

Transferred 11/19/24 due to Monetary Default. On December 6, 2024, counsel issued a notice of default and acceleration of the debt. Borrower requested a transfer to SS to negotiate a DIL as it indicated a desire to no longer hold title to the property. SS is preparing to move forward with the DIL, but in the event Borrower and SS are unable to come to an agreement SS will move to enforce its remedies.

Loan transferred to Special Servicing 9/13/23 due to Payment Default. Following the transfer of the Loan, the Special Servicer had initiated enforcement of its remedies, but the parties subsequently entered into a Loan Reinstatement Agreement on 12/29/23. Before the loan was returned to master servicing, a DSCR Trigger Event occurred and the loan remained in special servicing while cash management was established. The April 2025 cash management collection was insufficient to cover all amountsdue under the loan and the loan is past due for the April 2025 payment. The Borrower was subsequently sent a default notice, and the loan was accelerated. The Special Servicer will seek a transfer in title to the collateral property through deed in lieu of foreclosure as Borrower has stated that it will cooperate in such efforts. In the event Borrower and Special Servicer are unable to consummate a deed-in-lieu, the Special Servicer shall move to enforce its

5/12/2025- Loan transferred to special servicing effective 11/20/24 due to Monetary Default. SS and Borrower documented a reinstatement agreement at the end of February and is pending a return to MS. Borrower agreed to bring the loan current and setup cash management, which is in place for the succeeding 12 months following reinstatement.

The Loan was transferred to Special Servicing on 7/17/2020. The Lender took title via foreclosure on 6/8/2021. An REO auction occurred in August 2022 that failed to meet the Lender's reserve price. The Special Servicer replaced the existing propert y manager on 5/1/2023 with a local SRO-focused management company in order to facilitate a repositioning of the asset. A capital improvements plan was embarked upon and subsequently completed at the end of February 2025. The Special Servicer is now f ocused on leasing up the vacant residential units and the single vacant commercial suite.

Asset transferred to SS on 6/10/22 due to Imminent Monetary Default due to a notice issued by the city of San Diego. The notice issued by the City resulted in many of the SRO tenants vacating the building. The SS moved for an emergency motion for a receiv er. Borrower filed bankruptcy on 6/28. The court dismissed the BK and on 8/11/2022, the court granted a receiver order appointing Trigild as the receiver. The receiver successfully completed an eviction of all SRO tenants due to the unsafe condition of th e property and in accordance with the City of San Diego's order to vacate. An ASR was approved authorizing the marketing of the asset for sale through the receivership with brokerage firm Kidder Mathews. The property was placed under a sale contract by th e receiver which contemplated an assumption of the loan to the third-party buyer. The receiver's motion to sell the asset was approved by the court on 8/22/23, the buyer terminated the sales contract. Lender elected to proceed toward a foreclosure sale of the Property. The foreclosure sale occurred on 8/19/2024. The Special Servicer is working with a local brokerage firm to sell the REO Property. The marketing process yielded several offers to purchase the REO Property, however the purchaser did not close . The property is scheduled to be auctioned on RealInsight Marketplace to ensure a successful sale of the REO property.