KeyBank National Association - Special Servicer

03/03/25: Loan transferred to special servicing on 08/21/24 for imminent non-monetary default. Loan is secured by a 14 building office/industrial park (11 rentable office/industrial buildings and 3 non-rentable service buildings), encompassing 3.4M M rentable square feet on a 288-acre site located in Rochester, NY. Lender was notified that there were $2.4MM in past due utilities, requiring the lender to fund to preserve/protect the collateral and avoid a shutoff. Applicable notices have been provided to mezz lender and legal counsel has been engaged to pursue the appointment of a receiver. Borrower is pursuing the transfer of a minority interest in the borrower to recapitalize the borrower.

03/03/25: Loan transferred to special servicing on 08/21/24 for imminent non-monetary default. Loan is secured by a 14 building office/industrial park (11 rentable office/industrial buildings and 3 non-rentable service buildings), encompassing 3.4M M rentable square feet on a 288-acre site located in Rochester, NY. Lender was notified that there were $2.4MM in past due utilities, requiring the lender to fund to preserve/protect the collateral and avoid a shutoff. Applicable notices have been provided to mezz lender and legal counsel has been engaged to pursue the appointment of a receiver. Borrower is pursuing the transfer of a minority interest in the borrower to recapitalize the borrower.

03/03/25: Loan transferred to special servicing on 08/21/24 for imminent non-monetary default. Loan is secured by a 14 building office/industrial park (11 rentable office/industrial buildings and 3 non-rentable service buildings), encompassing 3.4M M rentable square feet on a 288-acre site located in Rochester, NY. Lender was notified that there were $2.4MM in past due utilities, requiring the lender to fund to preserve/protect the collateral and avoid a shutoff. Applicable notices have been provided to mezz lender and legal counsel has been engaged to pursue the appointment of a receiver. Borrower is pursuing the transfer of a minority interest in the borrower to recapitalize the borrower.

The loan transferred to Special Servicing effective 9/24/2024 for non-monetary default. The subject features 3 office buildings totaling 315,589 SF located in Alexandria, VA and was built in 1986. Two of the three buildings are 100% occupied. The third building is 30% occupied. A November 2024 site inspection found the asset in good overall condition. YE 2024 NOI DSCR was 1.01x. The Borrower refused to set up cash management despite it being triggered. Negotiations between Borrower and special servicer to resolve the cash management issues did not result in a resolution. A receiver was appointed in January 2025. Title is expected in 2Q 2025.

3/11/2025 The loan transferred to Special Servicing effective 8/28/2024. The subject is a 14,490 SF single tenant retail property located in Lawrenceville, GA and was built in 2001. Special servicer continues to evaluate potential workout

The loan transferred to Special Servicing effective 3/19/2024 for monetary default. The subject is a 405-unit multifamily property located in Waterford, MI. The property was built in 1974. The property was ~60% occupied at the end of January 2025. The property was inspected 5/13/2024 and found to be in poor condition at that time, including with 12 down units. PNA signed. The Receiver was appointed on 9/11/2024, which became effective 9/18/2024. The Receiver has been improving collections and turning units for leasing. At least one third party has provided the Receiver with an unsolicited LOI. The Special Servicer is dual tracking foreclosure and potential alternatives.

2/11/2025 Loan recently transferred to Special Servicing and Special Servicer reaching out to Borrower. Pre-negotiation letter has been signed and Lender has been in touch with Borrower. Special Servicer has received approval to appoint a receiver to the Property and counsel has prepared the draft pleadings. Receiver and foreclosure complaint expected to be filed in February.

The Loan transferred to Special Servicing due to Imminent Monetary Default. This Loan was previously returned to the Master Servicer. Special Servicer sent a Hello Letter and a PNL has been executed. Borrower requested approval o f a new lease which was subsequently approved. Borrower indicated an intent to provide a proposal to bring the loan current.

Borrower signed PNL and Cash Management is functioning. Negotiations continue regarding future of Loan and Property. Loan remains current as of February 2025.

The Loan transferred in April 2021 due to imminent monetary default stemming from issues relating to Covid-19. Lender has performed a books and records inspection and is pursuing a foreclosure strategy. Judge on the case has grant ed lender's pre-motion conference request letter and lender now has leave to file motion for summary judgment. The application for a receiver was declined by the court, however, motion for summary judgment was granted. Papers in support of damages were fi led. Special servicer continues to proceed with a foreclosure strategy. Litigation ongoing as of 2/27/2025.