Rialto Capital Advisors - Special Servicer

5/12/2025 - 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 has rejected Borrower proposal.

5/12/2025 - 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.

5/12/2025 - 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 calculati on. Borrower agreed to finalize CMA, but has not completed documentation; Lender counsel is engaged to ensure compliance. Lender has sent notice of default involving cash

5/12/2025 - 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 Le nder. 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.

5/12/2025 - 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 signed a lease with Just Salads for the larger of the two remaining retail vacancies. An additional lease prospect is being considered that would bring the property to 100% occupancy and enhance value. Special Servicer continues to move forward wi th a foreclosure strategy. Borrower has inquired about possible reinstatement of the loan. Are continuing to receive unsolicited purchase offers for the property.

Loan transferred to SS on 10/17/22 for imminent monetary default. A Forbearance Agreement was entered into on 1/31/2024 providing the Borrower through 4/30/2024 to bring the Loan current and implement cash management. The Borrower was unable to bring th e Loan current through 4/30/2024. Borrower has not made any substantive offers to bring Loan current. Foreclosure complaint filed 11/1/2024. Litigation ongoing. Receiver was appointed 4/16/2025.

The loan transferred to special servicing in May 2020 due to a borrower-declared imminent monetary default as a result of COVID-19. The loan subsequently went into payment default beginning with the May 2020 payment. Special Servicer and the borrower part ies engaged in discussions relating to a forbearance agreement but the Borrower failed to enter into an agreement. Court-appointed receiver in place. The asset was marketed for sale and all offers are currently under review.

The Loan transferred due to COVID-related issues. Receivership order entered. Receiver hired sales agent to market asset. Special Servicer is currently evaluating a potential loan assumption/receiver sale. PSA has been executed. Assumption

Loan transferred due to Payment Default as a result of the Covid-19 pandemic. Special Servicer has commenced foreclosure process. Borrower received court approval and has put a limited receiver into the Hampton Inn to supervise contractor work. Court has granted Lender's request for a Receivership and Janus is now acting in that capacity. Presently addressing PIP completion and CapEx needs of hotels, plus branding - Borrower let Best Western flag expire. Borrower put three of five hotels into Chapter 11 b ankruptcy protection. Lender has brought suit under the Guaranty and Guarantor has answered; MSJ filed and Borrower has opposed. Lender restarted foreclosure process on two hotels that are not in bankruptcy; Receiver will market Appeals court denied Borro wer's appeal of order appointing Receiver. Borrower has stipulated to the US Trustee's appointment of an examiner; Patricia Fugee has been appointed.

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.