Midland Loan Services - Special Servicer

Borrower indicated it has raised new equity for the property which is expected to fund in Q1 2025. Special Servicer continues to monitor the loan and collateral as well as review any Borrower requests that come in. Special Servicer continues to monitor the pending capex-leasing funding, which remains outstanding as of 4/30/2025. Borrower has negotiated an extension of TI obligations with tenant, Benesch. Current property occupancy is 89.5%.

The Loan transferred to new special servicer effective 4/24/23; SS transfer date 2/10/21 due to payment default. Interest is currently paid to 4/6/21. The collateral is a 10-unit multifamily property located in Brooklyn, NY. Foreclosure complaint f iled 11/10/21. Motion for summary judgment filed 3/6/23. The Borrower filed for bankruptcy on 5/10/23. Some reinstatement discussions took place following the bankruptcy filing, but were unsuccessful. Sale through the bankruptcy court took place in late August 2024, at which the lender was the high bidder. The bankruptcy court must approve the sale (which has now occurred). Title acquisition expected in May 2025 once the Chapter 11 Trustee completes the foreclosure

5/12/2025- Loan transferred to the Special Servicer on 8/26/2024 due to various ongoing defaults (Guarantor voluntary Bankruptcy Ch 11 filing and a Sequestrator appointed in favor of Shin Da Enterprises at the Property). Collateral consists of a 9-story, 95-unit (incl. 3 units leased to SoSuite Inc. for short-term rentals), multifamily complex located in the Callowhill submarket of Philadelphia. NOI/DSCR/Occ/DY: 3Q23 $1.31MM/0.83x/82%/4.8%. Updated financials are pending receipt. A Notice of Default and R eservation of Rights were sent. The Lender filed its Motion to Intervene and Proof of Claim regarding the various litigation. The Special Servicer will gather additional information and simultaneously discuss workout strategies deemed appropriate to achie ve the highest net present value recovery.

5/12/2025 - The loan transferred to Special Servicing due to payment default. The Special Servicer is in active discussions with the borrower to bring the loan current while evaluating all potential resolutions to maximize recovery to the trust.

Loan transferred to Special Servicing on 07/7/2023 due to payment default. Borrower consented to the appointment of a receiver and the receivership was granted on 11.3.23. The receiver has engaged a local third-party leasing and property management company. Special Servicer is dual tracking the DPO offer from Borrower with a non-judicial foreclosure of the property.

Asset transferred to special servicing effective November 20, 2024 due to Non-monetary Default. Lender and Borrower entered into a forbearance and reinstatement agreement. SS is currently underwriting Borrower's loan assumption request and will provide a recommendation to the Lender in the near term. Lender and Borrower entered into a forbearance and reinstatement agreement that is structured to resolve the ongoing defaults as well as cure the cash

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-story, 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 5/6/25. Borrower initially 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, but has now withdrawn this request. Local counsel has been retained to file for foreclosure and/or receivership, if necessary. Lender is dual tracking the foreclosure process while monitoring the status of the Property.

Loan transferred to special servicing effective 3/3/25, due to Payment Default (all payments excluding Balloon/Maturity). Adequate funds were collected through the lockbox to satisfy debt service and have been applied to bring the loan current. The loan is performing and due for the May payment. Special Servicer processing a consent matter and positioning the loan for a return to master.

Loan transferred to special servicing effective 3/11/24. The loan is in default and remains past due for the February 2024 payment. An executed PNA is in place. The receiver was appointed at the property, effective 10/17/24, and is diligently addressing the the various condition issues at the property. SS obtained Lender's approval to allow the receiver to conduct repairs on units that have minor condition issues as it continues to evaluate all options in an effort to maximize recover y on the Loan. The work is expected to be completed by end of May. Effective 6/28/24, the parties entered into a 90-day forbearance through 9/30/24 to forbear from any

5/12/2025 - The subject is a 63-key Art Deco-style hotel located in the Five Points South neighborhood of Birmingham, AL. Loan transferred for imminent default due to cash flow issues. Lender has requested due diligence from Borrower. Lender has retained counsel and sent out a notice of default. A Receiver has taken over operations of the property. Receiver has completed acquisition of the parking, Lender is attampting to engage in settlement discussions with the Borrower,