LNR Partners - Special Servicer

The Loan was transferred to the Special Servicer on 11/26/24 due to Delinquent Payments. The Loan is currently due for 9/6/2024 payment. The collateral is a 4-story, 65,242 SF Class A mixed use building located in Coral Gables, FL. The Property is comprised of 14 ground floor retail suites totaling 39,585 SF, 7 office suites totaling 25,567 SF and a 615-space parking garage. The Property is 80.5% occupied per 12/01/24 rent roll and reported an annualized YTD 9-2024 NOI/DSCR of $1.96MM/1.15x. The Borrower provided a fully executed PSA with a third-party buyer for a potential sale of the Property with a tentative closing date of mid April. The Lender will continue discussions with the Borrower while dual

The Loan transferred on 12/17/2020 due to payment default stemming from the COVID-19 pandemic. Lender has performed a books and records inspection and is pursuing a foreclosure strategy. Receivership hearing occurred on 11/22/2022 and the order appointing a receiver was entered by court on 1/25/2023. Borrower filed a notice of appeal regarding the receivership order. Special Servicer filed a pre-motion conference request to obtain leave to file for summary judgment. Motion for summary judgment has been fi led and fully briefed. On May 25, 2023, lender's motion for summary judgment was granted. Proposed computation of amounts due was fully briefed. Special Servicer awaits for court's adjudication and

The Loan was transferred to the Special Servicer on 1/21/2025 due to Delinquent Payments. The Loan is next due for 11/6/2024 payment. The collateral consists of a portfolio of three, Class B, suburban office buildings totaling 128,563 SF, located in Lake Worth, West Palm Beach and Stuart (the 'Property'). As of 01/2025, the Property reported 79.8% occupancy and a YE 2024 NOI/DSCR of $2.9MM/2.75x. The Borrower is working with a third-party buyer on a potential sale of the Property and is in the process of finalizing the PSA negotiations. Lender will continue discussions with the Borrower while simultaneously reserving all rights under the Loan Documents.

The loan transferred to Special Servicing effective 9/10/2024 for imminent non monetary default. The subject is a 1,156,393 SF suburban office complex comprised of five office buildings located in Westchester, IL, built in 1986 and renovated in 2016. As of March 2025, the subject is 57.8% leased, down from 64.9% leased in February 2025. This is compared to YE 2023 and YE 2022 leased occupancies of 67.1% and 71.3%, respectively. The decrease in occupancy from February to March is due to the Property's largest tenant signing an amendment to reduce their footprint by nearly 65%, while extending the term on their remaining premises by 7.5 years. A site inspection was completed in November and noted the Property is in good condition with no observed defer red maintenance. One of three pari passu loans. Discussions with the Borrower regarding a potential loan modification are ongoing.

4/11/2025 - The Loan transferred on 02/14/2025 due to Delinquent Payments after Borrower failed to make the December 2024 Payment. Borrower has not yet submitted a proposal to Lender to address the payment default. Loan does not have a lockbox in place; h owever, the Loan Documents note springing provisions. Collateral is a 6-unit walk-up low-rise multifamily property located in Philadelphia, PA. Built in 1928, and renovated in 2023, the Property is improved with two, four-story buildings totaling 6,700 sq . ft. and situated on a 0.07 acre site. The unit mix consists of a 1BR/1BA unit (16.7% of Units) and five 2BR/2BA bi-level units (83.3% of Units). Borrower continues to be unresponsive and no proposal to address the payment default has been received to da te. BOVs are on hold as brokers have expressed the need for recent property-level information to provide opinions of value. Consulting with counsel on legal options.

4/11/2025 - The loan transferred to special servicing for payment default on 10/9/2024. Property is an 881 unit multi-family complex in Houston, TX southwest of George Bush Airport in Greenpoint. Property experienced damage during the Wind Storm in May 20 24 and Beryl in July 2024. Borrower has been using funds to pay for capital repairs. Property is ~70% occupied. Lender will continue workout discussions with the borrower while dual tracking foreclosure. Lender is filing for a

Loan transferred SS on 5/18/23 for imminent default due to cash flow issues. Borrower has stopped funding shortfalls. Lender filed foreclosure and will continue to discuss alternatives with Borrower.

The Borrower and Special Servicer wish to enter into the consensual appoint of a Receiver for the Property and an immediate modification of section 2.7.2 Cash Management Account. Draft Settlement Agreement has been sent to Borrower and

4/11/2025 - Loan transferred to Special Servicer on 2/14/2025 due to delinquent payments. Loan is due for the 12/6/2024 payment. Borrower stated that at time of origination, the Property was 100% leased but not 100% occupied due to multiple units still needing to be inspected and approved by the veteran administration as well as the elevator not being operable. Tenants started moving into the Property in December 2024 and the Property currently has 16 units occupied out of 37 (43% occ). Borrower requested a bring current statement and Lender provided for their review. Counsel was retained and Lender will move forward with enforcement actions while continuing discussions with the Borrower. The Property is a Class A midrise apartment building totaling 37 u nits in Washington, DC built in 2024. The subject is part of the HUD-VASH Program, a partnership between the U.S Department of Housing and Urban Development (HUD) and the Department of Veteran Affairs. The subject is 100% leased to veterans for three-year terms using tenant vouchers issued by the HUD-VASH program.

4/7/2025 - Loan transferred SS for borrower''s non-cooperation with the cash management provisions and imminent payment default with JPM vacating their space at LXP 7/31/24. The Property is a mixed use building on W 86th St with ground floor retail and 13 multi-family units. The retail space has been dark since covid. Borrower has signed the PNL and believes they have supplied all amounts to the lockbox that Wells Fargo has requested. Asset is for sale and lease and has had growing interest in the space with some lease proposals. Borrower has engaged an advisor who has signed the PNL and provided a proposal and new tenant to Lender that is being evaluated. Lender will continue trying to enforce the loan documents while dual tracking remedies and a potential workout with the borrower.