CSAIL 2017-CX9 - Charts and Resources

Special Servicer has received approval to appoint a receiver to the Property and counsel has prepared draft pleadings. Borrower has indicated recent leasing interest. Special Servicer will dual track appointment of a receiver and

Borrower shall not enter into a proposed Material Lease or a proposed renewal, extension or modification of an existing Material Lease or the assignment of a Material Lease, without the prior written consent of Lender. Borrower shall not consent to a sublease of over 40,000 square feet of the premises demised under a Material Lease without the prior written consent of Lender, which consent shall be subject to any restrictions on giving or denying such consent in the Per 12/31/2024 OSAR, NCF DSCR has decreased 12.6% from [1.35x at YE23 to 1.18x at 4Q24]. Current NCF DSCR is currently 71.3% below UW NCF DSCR. This is due to an 8.8% decrease in EGI as compared to UW EGI. This decrease in EGI is due to an annualized 74.5% decrease in Vacancy and Gross potential rent decrease of 25.5% compared to UW. Per the 12/31/2024 rent roll, the property was 71.72 % occupied with average annual rental rates of $3.65/SF. Due to NCF DSCR being below the threshold for trigger 1F (75% of UW NCF DSCR is [*3.085x] provided current DSCR is <1.40x), Analyst recommends loan be remain on WL for 1F.