Trimont Real Estate Advisors - Special Servicer

Loan transferred 4/11/2025. PNL has been executed and initial intro calls completed. Borrower remains committed to the asset and has requested a 2 year loan maturity extension. Special Servicer is evaluating all options.

$6.5MM ($58/SF) Loan for 10 years, 2-yr IO, 30-yr amo, 4.711% IR. Proceeds plus $2.78MM in equity to acquire collateral for $8.5MM ($76/SF), fund $375K in escrows, plus closing costs. Collateral is a Class B suburban office plaza located in Beachwood, OH, ~17 mi SE of the Cleveland CBD. The Property consists of 3 buildings totaling 112K SF and an underground parking garage with 185 spaces (566 spaces overall). The Loan transferred on 11/16/2023 to Special Servicing as the Loan is over 60 days late (next due 9/5/2023). Cash management is in place. Borrower is re-negotiating the modification terms. Lender continues to dual track foreclosure.

Imminent default due to cash flow issues. Property is a 6-story, Class A, commercial office building totaling 34,577 sf built in 1903 and designated as a historic landmark. As of March 2025 property was 48% occupied and did not produce sufficient cash flow to cover operating expenses and debt service payments. Lender and Borrower were in discussions on workout strategies while Lender dual tracks. Foreclosure sale date was scheduled in January 2025; however, Lender will be rescheduling foreclosure in order for a potential sale to a third party buyer to close.

Loan has transferred to SS on 10/25/2022. Receiver is in place. Receiver continues to work on the required repairs at the property. Ground lessor asked for a status update on all repair items at the property. Ongoing discussions with counsel on

The loan transferred to Special Servicing effective 9/6/2024 for imminent monetary default. The subject is a 691,705 SF complex located in Durham, NC. The complex consists of 10 buildings that were built between 1985 and 1988. A September 2024 site i nspection found the asset in good overall condition. The occupancy as of April 2025 is 60%. The December 2024 T-12 NOI DSCR based on the Borrower's unaudited financials was 1.08x. A draft budget for 2025 for all 10 buildings was also received, and it projected a YE 2025 DSCR of less than 1.0x. The Lender is in discussions with Borrower about a loan modification. Terms have not been reached between Lender and Borrower at this time. The special servicer continues to run the payment waterfall as outlined in the loan documents. As of 4/28/25, the Borrower has to fund payment shortfalls, and the loan remains current and due for the May payment.

The loan transferred to Special Servicing effective 9/10/2024 for imminent non monetary default. The subject is a 1,156,393 SF suburban office complex comprised of five office buildings located in Westchester, IL, built in 1986 and renovated in 2016. As o f May 2025, the subject is 57.6% leased, down from 64.9% leased in February 2025. This is compared to YE 2023 and YE 2022 leased occupancies of 67.1% and 71.3%, respectively. The decrease in occupancy from February is due to the Property's largest tenant signing an amendment to reduce their footprint by nearly 65%, while extending the term on their remaining premises by 7.5 years. A site inspection was completed in November 2025 and reported the Property is in good condition with no observed deferred main tenance. One of three pari passu loans. The SS is dual tracking exercise of remedies and discussions with the Borrower regarding a potential loan modification.

Due to drop in occupancy cash flow has declined and is not significant to cover debt service and operating expenses. The Borrower has indicated they do not have funds to carry the property, so willing to cooperate with the lender to take back

The Property was originally 100% occupied by Rite Aid with a 20-year lease at a base rent of $35.72/SF through 1/31/2028. Rite Aid filed for Bankruptcy on 10/15/2023 and the subject Lease was ultimately rejected. Tenant surrendered the premises and vacated the Property 9/2024. Borrower filed a POC of $4MM and has been actively marketing the space. Hard lockbox is in place, reserve funds applied to cover P&I through March. Borrower has been unresponsive and Lender is proceeding with FC. Receivership proposals were obtained & Stage I was approved 5/9/2025.

This Loan transferred to the Special Servicer for Delinquent Payments as the Loan is due for the 2/1/2024 payment. Collateral consists of two MHC communities located 1/2 mile apart in Plattsburgh, New York. The Property has 107 pads which were built in 1970. Scott Tross from Herrick has been assigned as Local Counsel. Borrower wishes to return the Property to Lender. Lender has begun the foreclosure process and filed on 8/27/2024. A stipulated foreclosure complaint was

The loan transferred to Special Servicing effective 5/1/2025 for imminent monetary default. The loan was previously in SS and Lender approved a partial release of the Tulsa property in 11/2024. The current portfolio consists of 13 NNN office properties across the United States with a concentration in Colorado. The loan is one of four pari passu loans.