Trimont Real Estate Advisors - Special Servicer

The loan transferred to Special Servicing on 2/27/2025 due to imminent monetary default. Special Servicer is reaching out to the Borrower. Borrower signed PNL 3/28/25. Special Servicer has engaged counsel and is evaluating its rights and

Loan transferred to special servicing on 12/3/24 due to imminent monetary default. The Sponsor is negotiating two major leases to backfill Big Lots (9.4% NRA) and Party City (4.8% NRA). The Sponsor proposed a loan modification which would enable the Sponsor to utilize reserves, property cash flow, and other sources to pay for tenant improvement allowances contemplated in the leases it is negotiating. Borrower advised it no longer wants to have dialogue about a potential loan

Transferred to Special Servicing 01/12/24 due to Monetary Default. At SS's direction, counsel issued a notice of default and acceleration letter. Borrower and SS were working to execute a DPO Agreement that was approved by Lender, however, Borrower inform ed SS that they are unable to move forward. SS is currently marketing the note for sale, but in the event the highest offer is not at a price SS is able to transact at, SS will complete the ongoing foreclosure action.

The Lender's receivership order was granted on 4/1/2024. Since then, the receiver's leasing team has executed lease renewals or expansions for Comerica Bank, Wholesome Sweeteners, Karam Law Office, Thomas Kelly, MS Benbow, Pax Equity, Leon Law Firm, and Universal Surgical. In addition, they have executed two new leases for David Peake Law Firm and Stewart Title. They are currently engaged in renewal negotiations with Acrisure and Sovereign Wealth Advisors, and have received interest from a few new tenants . Given the challenging office submarket conditions, SS is evaluating all options in an effort to maximize recovery on the Loan. The receiver is remitting any excess cash generated by the property to

Burnet House is a 36-unit garden apartment property built in 1987 on 0.66 acres. The improvements consist of one, three-story building with parking beneath the building at grade level. Apartment units average 828 sf. Loan transferred to Special Servicing due to the appointment of a receiver, a Servicing Transfer Event. CA. courts determined a receiver was needed after a judgement of over $7B was entered to public record against the Defendant/one of the Sponsors of the Loan. Receiver plans to make a recommendation to the court soon. Loan is due for the 5/6/25 payment. Payoff quote request in process.

The subject is comprised of a 0.54 acre multifamily located in the City of Hawthorne, Los Angeles County, California. The improvements include a 51 unit, single building, two-story apartment project built in 1968. Loan transferred to Special Servicing due to the appointment of a receiver, a Servicing Transfer Event. CA. courts determined a receiver was needed after a judgement of over $7B was entered to public record against the Defendant/one of the Sponsors of the Loan. Receiver plans to send recommendation to court soon. Loan is due for the 5/6/25 payment. Payoff quote request in process.

Lender continues to monitor property performance. Foreclosure and receivership litigation remain ongoing.

The loan is transferring to the Special Servicer, Rialto, due to Imminent Monetary Default (excluding Maturity or Single Tenant Bankruptcy). Commodity Future Trading, 289k SF and 37% NRA is looking for other space and intends to leave at lease expiration in 9/2025 and loan in process of coming under Trigger Period. Property performance will be significantly impacted at that point. Borrower will not carry the asset without the consideration of a larger modification. The SS requested the transfer. Related Loans: A1 - 030312184; A2 - 030312185 & A3 - 030312186.

Upon resolution of the guarantor replacement and equity transfer, Special Servicer expects to return the Loan to the Master Servicer as a Corrected Mortgage Loan. Loan is current as of March 2025.

Loan transferred to SS due to a Borrower declared imminent monetary default. Borrower cooperated with SS and transitioned title to the Lender on10/26/2023. SS engaged Newmark as property manager on the asset upon foreclosure. Newmark has been engaged to market the subject for sale/lease as well. The marketing efforts have been attracting a variety of investors within the office sector, owner users looking for space, and self-storage investors looking to reposition the asset. SS expects a self-storage developer to purchase the building with an expected closing in Q4 2025. San Francisco market continues to see significant challenges as vacancy continues to be north of 30%. The subject property's awkward location and the significant amount of vacancy throughout SFO continue to challenge this sub-market.