Greystone Servicing Company - Special Servicer

The Loan transferred to Special Servicing on 07/24/2024 for imminent monetary default. A Hello Letter and Pre-Negotiation Letter have been sent to the Borrower. An introductory call has been held. Borrower has signed the PNL and has submitted a proposal for review. Special Servicer is currently evaluating the Borrower's proposal.

Loan transferred to SS due to a Borrower declared imminent monetary default. Borrower cooperated with SS and transitioned title to the Lender on10/26/2023. SS engaged Newmark as property manager on the asset upon foreclosure. Newmark has been engaged to market the subject for sale/lease as well. The marketing efforts have been attracting a variety of investors within the office sector, owner users looking for space, and self-storage investors looking to reposition the asset. SS expects a self-storage d eveloper to purchase the building with an expected closing in Q4 2025. San Francisco market continues to see significant challenges as vacancy continues to be north of 30%. The subject property has received significant interest during the marketing proc ess and a self-storage investor has been selected. Subject property in under contract and a closing is expected in Q4 2025.

5/12/2025    New transfer as of 4/8/25. File is under review. SS has sent Borrower a PNA and Hello Letter.

5/6/2025 - Borrower has signed PNA and SS has had a phone call with the Borrower. Perkins Coie has been engaged as Trust counsel and sent a Demand Letter to Borrower. Borrower is claiming that the two tenants did not pay January, February, and Marc h 2025 rent due to the LA Wildfires. Notice of default is in progress as SS continues to evaluate loan workout/resolution. Borrower has made two payments.