Greystone Servicing Company - Special Servicer

As of Friday August 1st the noteholder took title to the property and has replaced the previous manager with Driftwood. The intent is to eventually remarket the property while also understanding any potential value add from a fresh perspective. As of May 2025 the property was operating at a 60.1% occupancy, $156.73 ADR and a $559k NCF.

"8/11/2025 - The Loan transferred to Special Servicing on 11/22/2024.Special Servicer has entered into Pre-Negotiation Letters with the borrower and with all four mezzanine lenders.We have received a workout proposal from borrower and are negotiating.Also, all of the mezzanines have expressed an interest in negotiating cure scenarios. Borrower continues his unit-upgrade capex program. Are trapping property cashflows to keep all mortgage notes current. Are not making any of the mezzanine''s payment s, they are all due for December 2024.

"8/11/2025 - The Loan transferred to Special Servicing on 11/22/2024.Special Servicer has entered into Pre-Negotiation Letters with the borrower and with all four mezzanine lenders.We have received a workout proposal from borrower and are negotiating. Also, all of the mezzanines have expressed an interest in negotiating cure scenarios. Borrower continues his unit-upgrade capex program. Are trapping property cashflows to keep all mortgage notes current. Are not making any of the mezzanine''s payment s, they are all due for December 2024.

"8/11/2025 - The Loan transferred to Special Servicing on 11/22/2024.Special Servicer has entered into Pre-Negotiation Letters with the borrower and with all four mezzanine lenders.We have received a workout proposal from borrower and are negotiating.Also, all of the mezzanines have expressed an interest in negotiating cure scenarios. Borrower continues his unit-upgrade capex program. Are trapping property cashflows to keep all mortgage notes current. Are not making any of the mezzanine''s payment s, they are all due for December 2024.

The property remains current on loan payments, and SS continues to engage the receiver in discussions for the resolution of the loan. The Q1 statements were received with occupancy reported at 90.91% and NOI/NCF DSCR at 1.86x/1.81x.

The property remains current on loan payments, and SS continues to engage the receiver in discussions for the resolution of the loan. The Q1 statements were received with occupancy reported at 95.83% and NOI/NCF DSCR at 1.89x/1.85x.

07/01/2025 - Transfer to special servicing on 10/7/24 due to payment default. Borrower failed to pay required reserve triggered due to the tenant not executing a five-year lease extension. Counsel has been engaged and the loan was accelerated. Borrower r eports that the primary tenant has agreed to extend their lease and a draft was contingently approved. Cash management has been requested, however, borrower is not cooperating. A foreclosure action has been filed

7/7/2025 - Transfer as of 12/8/20. Borrower initially requested a transition of the Property back to the Noteholder. A foreclosure complaint was filed and a receiver is now in place as of September 2022. The receiver has been successfully working to ma intain tenancy and attract new tenants to the Property. The receiver has engaged Property Manager to manage and lease the property. The property is currently 81% occupied as of 1Q 2025. Borrower and Lender are in discussions to a Deed-in-lieu/Foreclosure or another form of transition from the Property, which includes a possible loan assumption with modifications with potential buyer. Lender is negotiating terms of modified debt with the assuming new

5/6/2025 - There are 2 collateral properties for this loan, both of which have become REO since March 2025. Of those, 2 remain REO. Latham Crossing: an 83,631 nrsf shopping center on 10 acres in Latham, NY, within the E Outer Albany retail submarket. Buil t in 1990, and are 93.7% occupied by 5 tenants, including Staples and PetSmart. The Property is encumbered by a 90-year ground lease which expires 5/31/2057. DM: Property inspection (2024) did not note any DM. The property is in good to fair condition. A d dressing immediate DM/ life safety. Leasing Summary: Actively listing the 1 vacancy. No new leasing to date. Marketing Summary: The asset is not presently listed for sale. Crossroads Plaza: a 17,235 nrsf free-standing retail building on 1.5 acres in La tham, NY, within the E Outer Albany retail submarket. Built in 1990, and 100% occupied by Dollar Tree and Goodyear. DM: Property inspection (2024) did not note any DM. The property is in good to fair condition with average street appeal and visibility. Leasing Summary: The Property is currently 100% occupied by two tenants. Marketing Summary: The asset is not presently listed for sale. Holding approximately $15K at the properties

5/6/2025 - REO Title Date: March 11, 2025. Description of Collateral: Subject is a vacant CVS property totaling 14,138 SF located on a 1.51-acre site at 3959 South Suncoast Boulevard in Homosassa, FL. Property was originally built in 2003. It is located across the street from a Publix-anchored shopping center. Crossed with or is a Companion Loan to: N/A. Deferred Maintenance/Repair Issues: Per most recent inspection property is in average condition. Leasing Summary: Marketing space for lease. Crossman has been appointed as PM/easing agent. Marketing Summary: Asset is not currently listed for sale.