💬 Servicer Commentary
2026-06-26
Burnet House Apartments
H.K. Realty, Inc
Prospectus ID: 47
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. Counsel states appeal has been completed and as long as there are no more appeal and that appeal is accepted by all parties, receivership will likely wind down and control will be given back to owners. Loan matures in Nov 2026. Receiver anticipates remaining installed until maturity d ate; refinance or sale unlikely and full payoff is anticipated just prior to maturity date per receiver. Loan is due for the June 2026 payment.
💬 Servicer Commentary
2026-06-26
Club Royale Apartments
J.K. Properties, Inc
Prospectus ID: 10
The subject is a 335-unit multi-family garden property located at 380 North Linden Avenue in Rialto, California. The property consists of 24 two-story apartment buildings. The improvements were constructed in 1989 and are situated on a 14.83- acre site. Lo an 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. Counsel states appeal has been completed and as long as there are no more appeal and that appeal is accepted by all parties, receivership will likely wind down and control will be given back to owners. Loan matures in Nov 2026. Receiver anticipates remaining installed until maturity date; refinance or sale unlikely and full payoff is anticipated just prior to maturity date per receiver. Loan is due for the June 2026 payment.
💬 Servicer Commentary
2026-06-26
Park Royale Apartments
H.K. Realty, Inc
Prospectus ID: 55
This multifamily property was built in 1962 and located in Glendale, CA, just 7 mins. from downtown Los Angeles. Property includes 18-units in one, two-story building with an average size of 554 SF/unit. 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. Counsel states appeal has been completed and as long as there are no more appeal and that appeal is accepted by all parties, receivership will likely wind down and control will be given back to owners. Loan matures in Nov 2026. Receiver anticipates remaining installed until maturity date; refinance or sale unlikely and full payoff is anticipated just prior to maturity date per receiver. Loan is due for the June 2026 payment.
💬 Servicer Commentary
2026-06-26
Portfolio (5 Retail properties)
John E. Gross
Prospectus ID: 17
Walgreens Portfolio 5 consists of five freestanding Walgreens stores (the Subject or the Property, collectively, the Properties) located in Ballwin, MO, Espanola, NM, Dickson, TN, Round Rock, TX, and Burleson, TX. Loan was transferred into Special Servicing on 12/5/2025 due to an Event of Default; Borrower failure to comply with Cash Management and owing outstanding excess cash. Borrower has provided requested information such as updated financials and executed prenegotiation letter. Counsel is engaged. M aster Servicer states CMA opened in December so, the first month of trapping cash started with the January payments. Loan is due for 6/6/26 payment. Borrower did remit the majority of their calculated excess cash to CMA; however, Lender reviewing to deter mine loan compliance and terms to reinstate are being negotiated.
💬 Servicer Commentary
2026-06-26
Valencia Apartments
H.K. Realty, Inc
Prospectus ID: 44
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. Counsel states appeal has been completed and as long as there are no more appeal and that appeal is accepted by all parties, receivership will likely wind down and control will be given back to owners. Loan matures in Nov 2026. Receiver anticipates remaining installed until maturity date ; refinance or sale unlikely and full payoff is anticipated just prior to maturity date per receiver. Loan is due for the June 2026 payment.
💬 Servicer Commentary
2026-06-26
Portfolio (6 Retail properties)
John E. Gross
Prospectus ID: 14
Walgreens Portfolio 7 consists of six freestanding Walgreens stores located in Scottsdale, AZ, Oak Brook, IL, Park Ridge, IL, Round Lake Beach, IL, Dallas, TX and Pasadena, TX. Loan transferred into Special Servicing on 12/2/25 due to an Event of Default; Borrower failure to comply with Cash Management and owing outstanding excess cash. Borrower has been contacted but, has not yet submitted the current financials and executed prenegotiation letter. Counsel has been engaged. Loan is due for 6/6/26. CMA is now set up per Master Servicer and cash trap started in Jan. 2026. Borrower has remitted their calculated amount of excess cash to Lender. Lender is reviewing to confirm loan compliance, calculating and remaining excess cash that may be owed, and other terms to reinstate the loan are being negotiated. Inspections have been ordered and are pending.
💬 Servicer Commentary
2025-03-28
Rite Aid - Spring Lake, Mi
as amended
Prospectus ID: 52
Borrower concluded the sale of the Spring Lake property and remitted all proceeds and shortfall balance, concluding a full payoff. Proceeds are currently being applied, prior to the cutoff date.
