Greystone Servicing Company - Special Servicer

6/11/2026 - Transferred for payment default; however, all rents are being deposited into the lockbox and debt service is paid to 3/6/2026. Borrower principals have contributed additional capital, with the intention to commit additional amounts, toward correcting deferred maintenance/code violations. Borrower is complying with request for updated financial reporting and additional information. An updated appraisal has been received. An updated PCR has been received. Noteholder will continue to dual track. A forbearance proposal is being evaluated. As of 3/2026: Lakeside occupancy is 55.29%. Shoreline occupancy is 50.97%. Lakeside 12/31/2025 TTM NCF is $688,729; Shoreline TTM NCF is $1,590,037.

04/08/2026: $8.4MM loan secured by 11 multi-family buildings containing 98 units. The loan transferred to special servicing due to payment default. Loan is past-due. Borrower has stated they intend to bring the loan current. Receivership documents have been filed. Borrower response is due late May. 1st hearing date expected before end of June.

Restoration completed. PIP and final QA items in final stages. Final CO issued. Hotel re-opened in May. Delay was due to issues with Best Western over Membership Agreement, now resolved.

The Special Servicer was the winning bidder at the foreclosure sale on 3/3/26 and is currently in the process of taking title. As of 5/31/26, the property is 65% occupied, a placeholder resolution date is set for YE 2026 until the business plan is

Foreclosure anticipated in 2-3 months depending on timing of NY court to rule on amended foreclosure judgment motion. Trust counsel filed a motion for appointment of a receiver in January. The court denied this motion 4/22/26. A revised motion for rece iver will be filed in June. Borrower is not submitting financials or responding otherwise. An updated appraisal has been requested.

Loan transferred to Special Servicing effective 2/24/25 due to imminent default. Hello Letter was noticed and PNA has been executed. Collateral consists of a 65 mixed service hotels, totaling 6,366 keys. Loan is paid through 6/1/2026. A Modificatio n Agreement was signed on 9/25/2025 which provides for the expedited sale of underperforming assets along with modifications to certain release provisions, cash-management terms and other terms to improve funding towards operations at remaining portfolio. As of 5/31/2026, twenty-nine (29) collateral assets have been released for a cumulative paydown of $172.2MM.

6/8/2026 - The Borrower has failed to remit regular payments although sporadic amounts have been received. Only one of the two tenants is in occupancy, thus reducing income substantially. The Borrower contends that a refinance is viable; however, has not been able to provide substantiating evidence. Discussions for reinstatement are in process, with the Borrower being asked to provide updated financial data. Third-party reports have been received. The NOD that was recorded in mid-2025 has run its course and a Notice of Sale can be recorded at any time to proceed with foreclosure should reinstatement discussions break down.

11/04/2025 - The collateral is a single tenant high-rise office building in Brooklyn, NY. The tenant is NYC DCAS and the building houses the NYC Housing Court. The loan transferred to special servicing on 10/7/24, due to payment default. Borrower faile d to pay required reserve payments triggered due to the tenant not executing a five-year lease extension. Counsel has been engaged and the loan was accelerated. Lender filed a Receiver motion that was denied. Subsequently, Borrower submitted a propose d lease for the primary tenant that was contingently approved. Borrower rejected Lender''s contingencies for approval and has failed to execute the lease to Lender''s knowledge. Cash management has been requested, however borrower is not cooperating. Lender filed an amended motion for appointment of receiver based on the newly submitted lease proposal and Borrower''s rejection of Lender''s contingent approval. A decision was rendered that granted a receiver contingent on future events and agreements between parties, but not immediately. Lender is considering its options in light of this ruling. A foreclosure action has been filed and a hearing is scheduled in mid-November on Borrower’s counter-claim, Lender will continue moving forward with the For eclosure.

Borrower and Lender have entered into a loan modification, effective 7/8/2025. SS is coordinating with MS on returning the loan. The loan is payment current and due for the August 2025 payment.

The borrower brought the Loan current as of October 15, 2024, however the November, December, January, and February payments were not made. A Demand Letter was issued on December 5, 2024, the Notice of Default was recorded on January 3, 2025 and rece ivership motion was filed on January 5, 2025 with a hearing scheduled for February 19th.