Rialto Capital Advisors - Special Servicer

4/11/2025 - The Loan transferred to Special Servicing on July 7, 2023, due to Payment Default relating to the Borrower failing to make its May 2023 debt service payment. A hello letter and pre-negotiation letter have been sent. The Borrower has executed the PNL. On September 28, 2023 the Special Servicer sent a demand letter for certain financial reporting documents. The Borrower has not remitted the requested documents at this time. The Special Servicer will pursue a foreclosure action and enforcement of any applicable remedies under the loan documents. A motion to appoint a Receiver has been granted. The Receiver has taken control of the Property.

4/11/2025 - The Loan transferred to Special Servicing for Monetary Default at Borrower s request as a result of the COVID-19 pandemic. Special Servicer received approval for a forbearance and previously worked with the Borrower to close. Borrower did not close and has now filed for Chapter 11 bankruptcy protection. The Borrower has proposed a Chapter 11 plan of reorganization (The ''Plan'') to which the Lender objected. The parties concluded a Mediation on 10/6/2022 at which the parties agreed upon genera l terms of forbearance and repayment of arrearages making certain changes to the proposed Plan. The Court has approved the settlement and settlement and confirmed the bankruptcy plan as of March 28 2023. Borrower has agreed to monthly arrearages calculation. Borrower agreed to finalize CMA, but has not completed documentation; Lender counsel is engaged to ensure compliance. Lender has sent notice of default.

The loan is transferring to the Special Servicer, Rialto, due to Payment Default. While the loan is current, next due for 4/6/2025, borrower is not complying with the deposit of all revenues to the lockbox account which has occurred over an extended time period. A Notice of Default was issued. The DSCR was 1.30 for the normalized nine month period ended 9/30/2024.

4/11/2025 - Loan recently transferred to Special Servicer for payment and non-monetary defaults. Special Servicer has reached out to Borrower who has executed the PNL. Counsel engaged to enforce CMA compliance. Lender accelerated the loan after 3 monthly payments missed in a row. Borrower has a proposed new tenant for retail space and proposal to reinstate; Lender is reviewing associated LOI and proposal.

4/11/2025 - The Loan transferred to Special Servicing in 12/2023. A Hello Letter was sent and a PNL was executed. Special Servicer is in discussions with Borrower about a potential settlement.

4/11/2025 - The Loan transferred for Imminent Monetary Default. A PNL has been executed by the Borrower. The Loan went into monetary default on 10/6/2022 and a default letter was sent. Borrower has requested to transition control of the Property to the Lender. On April 26, 2023, the collateral was placed into receivership. Receiver is working on insurance claim related to a pipe burst. Settlement discussions are ongoing. The Special Servicer is in process of taking title.

4/11/2025 - The Loan transferred to Special Servicing in July 2020 for Imminent Monetary Default by Borrower''s request due to the impact of the COVID-19 pandemic. On 12/5/2022, the court granted the appointment of Richard Madison of Colliers as Receiver . Have just signed a lease with Just Salads for the larger of the two remaining retail vacancies. Special Servicer continues to move forward with a foreclosure strategy. Are continuing to receive unsolicited purchase offers for

The Loan transferred to special servicing on 9/26/2024 due to the Borrower's failure to comply with cash management. Special Servicer is in contact with the Borrower who has executed the Pre-Negotiation Letter. At this time, the Special

The Loan transferred to Special Servicing on 8/27/2024. A Trigger Event has occurred. Special Servicer has engaged counsel to establish a line of communication with the Borrower. Ongoing efforts regarding implementation of cash

4/11/2025 - The Loan transferred to Special Servicing in May 2024 and is currently in payment default. A Hello Letter and PNL have been sent to Borrower. Special Servicer has engaged counsel (Reed Smith). Working on Bring-Current in efforts of returning t o MS. Lender provided Borrower with updated Bring Current due to Borrower non-compliance and negotiations remain ongoing.