K-Star Asset Management - Special Servicer

"7/11/2025 - Loan transferred to Special Servicing effective 2/7/25 due to cross-default with another Loan, Chicago Business Center which transferred for payment default. Hello Letter and PNA were noticed. Collateral consists of a 110k SF multi- ten ant industrial distribution building. The asset is 100% occupied as of 12/31/23. Loan is paid through 1/6/2025. Appraisal has been ordered. Special Servicer evaluating rights and remedies."

The loan is transferring to the Special Servicer, LNR, due to Payment Default. Related Loans: A2 - 030320700; A3 - 030320701; A4 - 030320297; A5 - 030320298; A6 - 030320868; A7 - 030320869.

7/11/2025 - Loan transferred to Special Servicing effective 2/6/25 due to payment default. Hello Letter and PNA were noticed. Collateral consists of a 672k SF multi-tenant industrial distribution building. Loan is paid through 9/6/2024. Appraisal h

"7/7/2025 - 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. A PNA was sent to Borrower bu t 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). Receiver appointed late March 2025 via consent, with express authority to sell. The receiver has taken control of the asset. Updated appraisal has been received. The asset is currently being evaluated for sale by the receiver.

7/7/2025 - Receiver remains in place and litigation is ongoing with foreclosure sale date pending. On 6/25/25, the court issued an Order Denying Borrower''s Motion to Remove the Receiver.

"Subject property is a 13,943 SF retail property located in Boston, MA, built in 2002. Borrower has failed to provide financial statements since 06/30/2021. Additionally, Based on most recent rent roll available- single tenant dark. Furthermore, cash trap is active due to Specified Tenant Trigger- Walgreens went dark. Additional trigger added due to the FS delinquency for 12/31/2021 FD (Assuming test would be failing).

6/6/2025 - The loan transferred to special servicing on 12/24/2019 due to imminent monetary default. The collateral consists of a 248,457 sf (8-unit) retail condo located at 229 W. 43rd Street (Times Square), The Lender was the successful bidder at the fo reclosure sale on May 29, 2024. The Foreclosure Deed was issued in July 2024 and CBRE was engaged for property management, leasing & listing.An REO Sale process was launched in early Sept 2024 and best and final bids were submitted Nov. SS entered into a PSA with a Buyer Party with an expected closing on May 14, 2025. The Buyer Party terminated the PSA on April 30, 2025. SS will evaluate relaunching a sale process this summer or early fall 2025.

6/6/2025 - The loan transferred to special servicing on 12/24/2019 due to imminent monetary default. The collateral consists of a 248,457 sf (8-unit) retail condo located at 229 W. 43rd Street (Times Square), The Lender was the successful bidder at the fo reclosure sale on May 29, 2024. The Foreclosure Deed was issued in July 2024 and CBRE was engaged for property management, leasing & listing.An REO Sale process was launched in early Sept 2024 and best and final bids were submitted Nov. SS entered into a PSA with a Buyer Party with an expected closing on May 14, 2025. The Buyer Party terminated the PSA on April 30, 2025. SS will evaluate relaunching a sale process this summer or early fall 2025.

6/6/2025 - The loan transferred to special servicing on 12/24/2019 due to imminent monetary default. The collateral consists of a 248,457 sf (8-unit) retail condo located at 229 W. 43rd Street (Times Square), The Lender was the successful bidder at the fo reclosure sale on May 29, 2024. The Foreclosure Deed was issued in July 2024 and CBRE was engaged for property management, leasing & listing.An REO Sale process was launched in early Sept 2024 and best and final bids were submitted Nov. SS entered into a PSA with a Buyer Party with an expected closing on May 14, 2025. The Buyer Party terminated the PSA on April 30, 2025. SS will evaluate relaunching a sale process this summer or early fall 2025.

6/11/2025 - Loan transferred to special servicing effective 6/1/20 due to payment default. Collateral consists of six (6) buildings containing 47 residential units and four (4) retail spaces in Brooklyn, NY. The assets are approximately 96% occupied. Interest currently paid to 6/1/22. Foreclosure complaint filed 10/20/21. The Receiver was appointed on 12/14/21 is currently operating and managing the property through a third-party property manager. The Borrower filed Chapter 11 bankruptcy on 7/9/24. Borrower has filed an initial liquidation plan proposal and disclosure statement as of 10/28/2024. Trust has objected to Borrower''s initial plan proposal and awaits a final judicial determination at a future trial date. Borrower filed Chapter 11 bankruptcy i n the other five entities as of 3/28/25. Appraisal has been received and is under review.