K-Star Asset Management - Special Servicer

7/11/2025 - The loan transferred to Special Servicing on 2/27/2025 due to imminent monetary default. Borrower signed PNL 3/28/25 and engaged in negotiating a loan modification. Special Servicer has engaged counsel and is evaluating its

6/30/2025 - The loan transferred to Special Servicing on 1/26/2024 for imminent default. The Borrower stated that they will not be funding any more operating expense shortfalls out of pocket. The special servicing filed for Receivership and Triglid was ap pointed as the Receiver on 5/16/2024. The Receiver has engaged JLL to take these deals out to Market in the 4th quarter of 2024 with potential sales occurring in the 2nd and 3rd quarter of 2025. Both the Hampton Inn and Fairfield Inn located in Whitemars h are under contract to close in the next 30-45 days. The Receiver and JLL are still working on finalizing the sale contracts for the SpringHill Suites and Homewood Suites. The loan is secured by a four (4) property hotel portfolio located in the Northea st. The loan is in a lockbox and special servicer continues to make the debt service payments.

7/11/2025 - The loan transferred to Special Servicing on 2/27/2025 due to imminent monetary default. Borrower signed PNL 3/28/25 and engaged in negotiating a loan modification. Special Servicer has engaged counsel and is evaluating its

7/11/2025 - Loan transferred to Special Servicing on 9/10/024 due to a payment default as the Loan is due for the 7/6/2024 payment. The collateral consists of 354 multi-family units across seven properties located in Chicago, IL, Valdosta, GA, and Sierr a Vista, AZ. Borrower signed the PNA and has submitted various workout proposals. Borrower remitted some partial payments and loan is paid through the August 2024 payment. Special Servicer is also dual tracking foreclosure and

6/11/2025 - The Loan transferred to SS on 2/06/2025 due to imminent monetary default. The collateral is a 38 unit multifamily property well-located on the corner of Knickerbocker Avenue and Halsey Street in the Bushwick neighborhood of Brooklyn, NY. As of the February 2025 rent roll, the Property is 100% leased. The Loan is paid current. A Modification to the Loan that waived penalties and add Borrower certifications was executed this period. This RTM is in process on this

7/11/2025 - The loan transferred to special servicing effective 4/17/2025 due to payment default. The Borrower is reportedly experiencing collection issues, most notably from an affiliate-tenant (+/- 50% NRA) which is currently in bankruptcy. Legal counse l has been engaged and the debt formally demanded. Borrower has executed the PNA and requested reinstatement amounts. The file remains under review with special servicer evaluating rights and remedies.

Foreclosure and receivership litigation remain ongoing. Lender continues to evaluate property financial documents. Pending hearing date.

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 July 6, 2025, payment and matures on November 6, 2027. Collateral also includes 252,107 square feet of amenity space (restaurant and retail tenants). Capital stack includes mezzanine debt. The Cravat 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 2024 and subsequent waterfalls. Note was transferred to the special servicer on September 13, 2024, due to imminent default. Nomura, a current tenant, has an early termination option date on July 1, 2025. Legal counsel has been engaged and a PNA agreement has been executed with the Borrower. Default notices were sent to the mezzanine lenders, and they have not responded within the required 30-day window. Loan was therefore modified to utilize loan reserves to fund shortfalls in the monthly operating expenses and debt service waterfall through the senior secured debt. Borrower is in negotiations with Nomura for the extension of their lease. Nomura is also working with a landlord at a second location. Borrower has started negotiations for the restructuring of the note with the Special Servicer

7/7/2025 - 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. Completion of foreclosure anticipated in early-mid Q3 2025. Updated appraisal is under review.

6/6/2025 - Portfolio of 5 office buildings located in Midland, TX making up 731k SF. The portfolio was foreclosed upon 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 of the properties. Special Servicer is currently analyzing exit scenarios for each of the properties.