Situs Holdings - Special Servicer

The loan transferred to Special Servicing effective 2/17/2023 due to imminent monetary default. The subject is a 308,198 SF office property located in Richardson, TX built in 2001 and renovated in 2008. As of June 2025, the property is 46.3% leased. A Receiver was appointed on 5/15/2023. The Trust took title via a foreclosure sale which took place on 12/5/2023. The Receiver was dismissed by the court on 1/26/2024 following the foreclosure. The property was inspected in January 2025 and found to be in overall good condition with no material deferred maintenance noted. Leasing efforts to stabilize the property continue. A renewal with the 2nd largest tenant representing 13% of the NRA is in process.

7/11/2025 - The Loan transferred to special servicing for Non-Monetary Default. Borrower has not executed PNL. Counsel has been engaged. Counsel has sent appropriate notices/demands. Negotiations ongoing to comply with cash management and collecting exces s cash due since trigger occurred. Reviewing potential lease up at Property and valuating next steps for the property and performance.

7/11/2025 - Assumption/receiver sale has been completed. Loan was assumed on 12/31/2024 and will be returning to the MS after the rehab period. Assumption Amendment is being finalized in order to board the loan. Ongoing discussions between Lender''s couns el and Borrower''s counsel. Pending Borrower''s execution on Assumption Amendment Agreement.

7/11/2025 - The Loan transferred to the Special Servicer for cash management compliance. The loan is current on payments. PNL was signed and negotiations with the Borrower have been initiated. Borrower sent lockbox cash reconciliations to help determine i f all funds have been deposited properly. Still working on reconciliations to lockbox and net dollars borrower funded for the property. Loan remains current and Borrower is looking to refinance

The Loan transferred to Special Servicing 11/5/24 due to payment default. Borrower did not execute PNL. Notice of Default sent 1/7/25. Special Servicing has accelerated the loan and engaged outside counsel to enforce legal remedies.

The Loan has recently transferred due to Imminent Monetary Default. Upon transfer to Special Servicing the Borrower informed the Lender it is no longer willing to contribute additional capital to the Property and wishes to transition the Property to the L ender. A PNL has been executed and Special Servicer has engaged legal counsel. On July 25, 2023 CBRE was appointed as receiver. On November 20, 2023, the Court approved the Lender's motion for order of default, judgment of foreclosure and sale. A foreclosure sale took place Jan 19, 2024 and on Feb 22, 2024 the court approved the sale. Evaluating sales timing and listing platform. 2025 sale anticipated. Interviewing sales brokers.

7/7/2025 - Transfer as of 12/8/20. Borrower initially requested a transition of the Property back to the Noteholder. A foreclosure complaint was filed and a receiver is now in place as of September 2022. The receiver has been successfully working to ma intain tenancy and attract new tenants to the Property. The receiver has engaged Property Manager to manage and lease the property. The property is currently 81% occupied as of 1Q 2025. Borrower and Lender are in discussions to a Deed-in-lieu/Foreclosure or another form of transition from the Property, which includes a possible loan assumption with modifications with potential buyer. Lender is negotiating terms of modified debt with the assuming new

7/7/2025 - The Loan originally transferred into SS to Greystone on 09/25/23 for Imminent Monetary Default due to non-payment of Property taxes and operating shortfalls by the Borrower. The Loan subsequently transferred to LNR on 12/26/24. The collateral is a 334,930-square foot two-building, six-story, suburban office development located in Deerfield Township, Warren County, Ohio. The improvements were constructed in 1999 through 2001 and are situated on a 15.87-acre site. The Property reported a YE 2024 N O I/DSCR/Occ of $817K/0.42x/41.7%. A foreclosure complaint was filed on 11/16/23 and Consent Judgment was filed on 1/24/24. The Property is controlled by a court-appointed receiver.

5/6/2025 - There are 2 collateral properties for this loan, both of which have become REO since March 2025. Of those, 2 remain REO. Latham Crossing: an 83,631 nrsf shopping center on 10 acres in Latham, NY, within the E Outer Albany retail submarket. Buil t in 1990, and are 93.7% occupied by 5 tenants, including Staples and PetSmart. The Property is encumbered by a 90-year ground lease which expires 5/31/2057. DM: Property inspection (2024) did not note any DM. The property is in good to fair condition. A d dressing immediate DM/ life safety. Leasing Summary: Actively listing the 1 vacancy. No new leasing to date. Marketing Summary: The asset is not presently listed for sale. Crossroads Plaza: a 17,235 nrsf free-standing retail building on 1.5 acres in La tham, NY, within the E Outer Albany retail submarket. Built in 1990, and 100% occupied by Dollar Tree and Goodyear. DM: Property inspection (2024) did not note any DM. The property is in good to fair condition with average street appeal and visibility. Leasing Summary: The Property is currently 100% occupied by two tenants. Marketing Summary: The asset is not presently listed for sale. Holding approximately $15K at the properties

5/6/2025 - REO Title Date: March 11, 2025. Description of Collateral: Subject is a vacant CVS property totaling 14,138 SF located on a 1.51-acre site at 3959 South Suncoast Boulevard in Homosassa, FL. Property was originally built in 2003. It is located across the street from a Publix-anchored shopping center. Crossed with or is a Companion Loan to: N/A. Deferred Maintenance/Repair Issues: Per most recent inspection property is in average condition. Leasing Summary: Marketing space for lease. Crossman has been appointed as PM/easing agent. Marketing Summary: Asset is not currently listed for sale.