National Cooperative Bank, N.A. - Special Servicer

1923 and su bsequently renovated between 2014-2016. WeWork, which represented 27% of the GLA (137K SF), terminated its lease. Lender was also notified that Borrower will cease to fund any shortfalls out of additional capital contributions by its equity owners. Lender is currently trapping all cash flow from the Property. A Notice of Default and Reservation of Rights has been sent. As of the 6/30/2024 YTD financials, the NOI/DSCR/Occ. at the property is $541K/ 0.12x/ 42%. The Special Servicer will gather additional i nformation and simultaneously discuss workout strategies deemed appropriate to achieve the highest net present value recovery.

The loan transferred to special servicing effective 9/18/2024 for imminent monetary default. The 116-room hotel in Lima, OH was built in 2009. The Borrower expressed its desire to turn the hotel back over to the Lender and a Receiver was appointed on 12/2/2024. The special servicer is pursuing foreclosure. The hotel was inspected on 11/15/2024 and found to be in good condition. TTM April 2025 indicates 54.6% occupancy, $95.10 ADR, and $51.93 RevPAR (compares to 59.4%, $105.16 and $62.51 for TTM April 2024). TTM April 2025 RevPAR Index of 76.5 compares to 96.8 TTM 2024 and 94.4 TTM 2023. The trailing three-month RevPAR Index changed year-over-year from 85.4 in 2024 to 66.1 in 2025.

The loan transferred to special servicing effective 5/29/2020 for imminent monetary default. The 356-room hotel in Overland Park, KS was built in 1982 and renovated in 2016. The hotel was inspected on 8/7/2024 and found to be in good condition. A Receiver was appointed on 10/30/2020 with Hilton continuing property management per the HMA and SNDA. A foreclosure sale occurred in November 2021. Title was received in January 2022. The special servicer is working to stabilize the asset. TTM April 2025 indicates 46.3% occupancy, $144.04 ADR, and $66.72 RevPAR (compares to 39.1%, $140.77 and $55.06 for TTM April 2024). TTM April 2025 RevPAR Index of 84.0 compares to 73.5 TTM 2024 and 91.0 TTM 2023. The trailing three-month RevPAR Index changed year-over-year from 78.2 in 2024 to 80.2 in 2025.

The collateral property was previously a 329,398 SF enclosed mall constructed in 2006 and located in Jonesboro, AR. The mall collateral was largely destroyed by a tornado on 3/28/2020. The non-collateral anchors (Dillards/JCP/Target) received far less damage and reopened in 2020. The majority of the mall collateral has been demolished after being condemned. The borrower has been cooperative in turning over information and access but is not willing to rebuild the property and carry the loan. A settlement was agreed under which the Trust took title to the property on 12/14/2022 and received substantial insurance proceeds. The special servicer completed the required site work per agreements with non-collateral anchors. Ultimate resoluti on via an REO sale is expected to occur in Q3 2025.

COVID - Loan collateral is a 104,921 sq ft mixed-use property built in 1866 (renovated in 2004) and located in Providence, RI. Borrower retained counsel and proceeded with a Civil Action in the Superior Court, State of Rhode Island for a State COVID Receivership Program. Effective 2/15/2023, a settlement agreement was entered by the court. The Borrower performed under the agreement through January 2024 but defaulted in February 2024. Receiver was appointed in May 2024. Inspection was performed i n February 2025 and reported the property to be in average condition. As of the most recent rent roll, the property is 86% leased, however a 9,000 sf tenant is dark. Strategy is to work with the Receiver to address complex issues related to the condo/tax structure and GSA tenancy in an effort to stabilize the asset.

Loan transferred as a SS on 8/29/2024 for imminent default. Subject is the 160-key Holiday Inn Milwaukee River, Milwaukee WI. When Loan was with Lender as NT58462, Lender and Master Servicer received an 8/19/2024 notice from Borrower's Third-Party Advisor of Borrower's request for an orderly transfer of the Hotel to Lender due to Borrower's unwillingness to fund operating cash short fall on a go forward basis. Trust and Local Counsel have been retained. Receiver is in place and will provide Lender with updaters. Lender to continue remedy discussion with Counsel.

The loan transferred to Special Servicing effective 9/12/2024 for an Event of Default, borrower's failure to enter into cash management following a trigger event. Cash management has been triggered due to an anchor tenant lease expiration event, under whi ch cash begins being swept 18 months prior to the tenant's expiration date. The tenant has until 5/4/2025 to exercise a 5-year option in advance of its 10/31/2025 lease expiration. The tenant executed its 5-year option and therefore the trigger period ha s ended. The collateral property is a 124,822 SF retail property located in Chandler, AZ built in 2005. A site inspection occurred in October 2024 and found the property to be in good overall condition. Occupancy per site inspection is 99%. CWCAM execute d a reinstatement agreement. The loan is expected to transfer back in Q3-Q4 2025.

The loan transferred to special servicing on 7/3/2024 due to non-monetary monetary default due to Borrower's non-compliance with cash management provisions after the credit downgrade of the tenant (Walgreens). Special Servicer is working on final revision s of the DACA with Borrower's counsel. Once established and funded, Special Servicer will work to execute a settlement agreement with Borrower, and subsequently begin the Return to Master process.

The subject loan transferred to Special Servicing due to Borrowers non-payment of the semi-annual non-escrowed real estate tax payments due July 2023 and January 2024. Property protection advances were made to pay for unpaid RE Taxes

The loan transferred to Special Servicing for imminent monetary default effective 12/28/2023. The loan is secured by three, class A office buildings located in Stamford, CT, built in 1986 and renovated in 2015. The property consists of 811,748 RSF and is 75% leased as of June 2025. The total debt is comprised of five pari passu loans. There was $11.86MM of outstanding Mezzanine debt. The properties were inspected in March 2025 and found to be in good overall condition with deferred maintenancerelated to the parking garage noted. Repairs are planned to occur in phases starting in late 2025 and in 2026. A Receiver was appointed by the court as of 5/23/2024. On 2/5/2025, the Trust took title to the collateral via a Strict Foreclosure filingwith the Court. A n order granting the discharge of the receiver was approved on 4/9/2025. Leasing efforts to stabilize the property and renew existing tenants with upcoming expirations are underway, along with addressing the parking garage deferred maintenance. The specia l servicer projects a disposition to occur in early 2027.