K-Star Asset Management - Special Servicer

3/6/2025 - The loan recently transferred to the Special Servicer for Imminent Monetary Default. The Largest tenant CFTC will be vacating. PNL has been executed and negotiations are in process with the Borrower. The loan remains current at this time. Borrower and Lender are discussing a possible consensual receivership and leasing opportunities with current and new tenants. Lender is working on a lease review for tenant, MedStar.

3/6/2025 - The Loan transferred to special servicing effective 7/21/2023 for imminent monetary default. Interest paid to 1/6/24. The collateral is a +/- 150k SF office building on a partial ground lease in San Francisco, CA. Legal counsel has been engaged and formal demand and acceleration sent. PNA executed. Recent leasing has been approved by the special servicer and completed by Borrower. Special servicer implementing dual track strategy with Notice of Default filed 4/1/24. Foreclosure expected in Q2 2 025. Negotiations with Borrower have effectively ceased.

3/6/2025 - Portfolio was foreclosed on February 4, 2025 after efforts to sell out of receivership did not materialize. The portfolio is currently 57% occupied. Special Servicer continues to work with tenants to renew leases and sign new leases at all

3/6/2025 - The SS transfer date was 4/15/2021 due to Imminent Default. The Loan is paid through March 2023. The collateral is a 9,287 sf, two-story retail storefront Property located in Union Square at 166 Geary in San Francisco, CA. The Property is 42% occupied by one tenant on the 2nd floor of the collateral. Special Servicer is dual tracking this Loan with a receiver in place since July 2022. Noteholder is evaluating resolution options.

3/6/2025 - Summary judgment was entered on 10/21/24 and Lender continues to evaluate leasing prospects via Receiver. Foreclosure sale date pending.

3/6/2025 - The Loan transferred to special servicing effective 12/19/2023. The loan is currently paid to 1/6/2025, though operating expense shortfalls are occurring. The Collateral consists of two adjacent office buildings totaling 399k SF in Denve r suburb, Aurora, CO. The property is experiencing increased vacancy and decreased cash flow (due to loss of a large tenant). Cash management has been implemented. PNA has been executed and legal counsel engaged. Negotiations

3/6/2025 - The Loan transferred to special servicing effective 6/9/23 for payment default and is currently due for the 4/6/23 payment. Legal counsel has been engaged and the debt formally demanded. Foreclosure filed 9/18/23 with motion for receiver to follow. A PNA was sent to Borrower but not executed. An amended foreclosure complaint was filed 12/14/23 to address a significant mechanic''s lien (which was ultimately released in January 2025). Special servicer seeking summary judgment in foreclosure while discussions with Borrower continue, primarily regarding the consensual appointment of a receiver.

Complaint for foreclosure and appointment of receiver was filed on 2/14/25; litigation is ongoing.

Loan transferred for Imminent Default on 9/18/24. Collateral consists of a 667,446 NRSF, Class A commercial condominium unit ("Property"), which is comprised of office on floors 14 through 41 (638K SF) and ground floor retail (26K SF) within a 42-sto ry, 888,295 SF Class A office building on a 46,740 SF site. Floors 2 through 11 are a separate, non-collateral condominium unit that is currently occupied by Murray Hill Academy. Loan is currently due for 3/6/25. Borrower has requested a modification to reduce the interest rate for two years, defer the repayment of these amounts to Maturity, and change the priority of the Cash Management waterfall. Local counsel has been retained to file for foreclosure and/or receivership, if necessary. Lender is dual tracking the foreclosure process while discussing Borrower's request.

Subject is a $940,000,000 note that is secured by a senior lien against a 47-story, 1,596,521 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Note is due for the January 6, 2025 payment and matured on November 6, 2027. Collateral also includes 252,107 square feet of amenity space (restaurant and retail tenants). Capital stack includes mezzanine debt. The Cravath law firm lease expired on August 31, 2024 and the tenant vacated the collateral at said time. The Borrower does not have a replacement tenant. The loss of this tenant causes operating shortfalls for the September and subsequent waterfalls. Note was transferred to the special servicer on September 13, 2024 due to imminent default. Nomura has an early termination option date on July 1, 2025. Borrower has stated that it will not fund operating deficits. Legal counsel has been engaged and a PNA agreement has been executed. Modification terms have been proposed and accepted by the Borrower. Default notices were sent to the mezzanine lenders and they have not responded within the required 30-day window. Reserves were utilized to pay the September through December OPEX so the collateral is operational. Documenting modification terms with Borrowers. Appraisal is on order currently.