Situs Holdings - Special Servicer

6/11/2025 Borrower filed chapter 11 bankruptcy on 6/26/24 and the case is ongoing. Borrower and Lender continue to negotiate potential settlement terms and work towards a resolution while litigating the case.

6/11/2025 The loan transferred to Special Servicing effective 1/30/2024 for monetary and non-monetary default. The subject is a 21-unit multifamily property located in Detroit, MI built in 1966. A February 2025 inspection found the property to be in good overall condition with minor deferred maintenance identified. Occupancy as of April 2025 is 90%. The Borrower is working to sell the property and payoff the loan. The special servicer continues to reserve rights and remedies under the

6/11/2025 - Loan transferred for Borrower declared Imminent Monetary Default due to COVID-19. A Reinstatement Agreement was executed in September 2022 and the loan was brought current. Special Servicer is monitoring performance under the Reinstatement Agreement and upcoming PIPs. As of May, 2025, discussions are ongoing with the Borrower on the status of each hotel and a receiver has been appointed over all 8 properties in the portfolio.

6/11/2025 - Loan transferred for Borrower declared Imminent Monetary Default due to COVID-19. A Reinstatement Agreement was executed in September 2022 and the loan was brought current. Special Servicer is monitoring performance under the Reinstatement Agreement and upcoming PIPs. As of May, 2025, discussions are ongoing with the Borrower on the status of each hotel and a receiver has been appointed over all 8 properties in the portfolio.

6/11/2025 - The Loan has transferred to Special Servicing on 2/5/2025. Special Servicer has sent out a PNL and requested due diligence items. Borrower has signed PNL and submitted due diligence. Lender is duel tracking this loan

6/11/2025 - Loan transferred for Borrower declared Imminent Monetary Default due to COVID-19. A Reinstatement Agreement was executed in September 2022 and the loan was brought current. Special Servicer is monitoring performance under the Reinstatement Agreement and upcoming PIPs. As of May, 2025, discussions are ongoing with the Borrower on the status of each hotel and a receiver has been appointed over all 8 properties in the portfolio.

6/11/2025 - The Loan has transferred to Special Servicing on 2/5/2025. Special Servicer has sent out a PNL and requested due diligence items. Borrower has signed PNL and submitted due diligence. Lender is duel tracking this loan

Subject collateral consists of a 101,430 SF office/industrial property located in Cape Coral, FL, built in 2006. The loan has returned to master from special servicing effective 5/20/25. Additionally, loan is being monitored for delinquent insurance.

6/11/2025 - The Loan transferred to the Special Servicer in February 2023 for non-monetary defaults. Special Servicer is in communication with the Borrower and has engaged an examiner to determine the CMA shortfall that needs to be replenished. Borrower h as easement proposal approved for one new lease. Financials have been submitted. Borrower has requested turning over the property by way of a DIL; Special Servicer has conducted site visits and court has approved the appointment of the Receiver. Receiver has taken control of property and is negotiating renewals; McAdory building will be listed for sale by the Receiver, then the other properties thereafter.

06/05/2025 - Transfer to special servicing on 10/7/24 due to payment default. Borrower failed to pay required reserve triggered due to the tenant not executing a five-year lease extension. Counsel has been engaged and the loan was accelerated. Borrower reports that the primary tenant has agreed to extend their lease and a draft was contingently approved. Cash management has been requested, however, borrower is not cooperating. A foreclosure action has been filed