MSC 2019-L2

6/11/2026 - A stipulated order to appoint a Receiver has been approved by the court on 4/15/2026. The Receiver is now actively managing the property, collecting rents and evaluating any tenant delinquencies. Special Servicer and the Borrower and Guarantor parties have entered into a settlement and release agreement on 5/12/2026. Counsel for the Lender is preparing documents to move the foreclosure forward.

6/11/2026 - Property is at 91.7% occupancy and $663K NOI. Special Servicer continues to proceed with foreclosure action. Expect to take title and transition to REO in Q1 2027. Special Servicer is evaluating a workout proposal from the Borrower and leasing efforts continue for the final vacant space at the Property.

6/11/2026 - Foreclosed as of 4/27/26. NAI Isaac will remain on as the property manager and leasing agent. A hold versus sell analysis is being performed. There are 5 different properties within the portfolio, two of which are completely vacant. Once the analysis is reviewed and approved, the disposition dates will be updated accordingly. As for now, a 1 year hold is assumed on all of five of the properties.

6/11/2026 - On 04/24/2026 Holland & Knight was engaged as counsel and subsequently a Notice of Default was sent to the Borrower on 05/07/2026.

2/11/2026 - The Loan transferred to Special Servicing for Monetary Default at Borrower''s request as a result of the COVID-19 pandemic. Special Servicer received approval for a forbearance and previously worked with the Borrower to close. Borrower did not close and has now filed for Chapter 11 bankruptcy protection. The Borrower has proposed a Chapter 11 plan of reorganization (The ''Plan'') to which the Lender objected. The parties concluded a Mediation on 10/6/2022 at which the parties agreed upon gener al terms of forbearance and repayment of arrearages making certain changes to the proposed Plan. The Court has approved the settlement and settlement and confirmed the bankruptcy plan as of March 28 2023. Borrower has agreed to monthly arrearages calculat ion. Borrower agreed to finalize CMA, but has not completed documentation; Lender counsel is engaged to ensure compliance. Lender has sent notice of default involving cash management and payment default. Lender has sent acceleration letter. Lender has fil ed to appoint a Receiver over the property; judge has executed the order but Borrower has objected. Foreclosure rescheduled for February 3, 2026.

8/11/2025 - The Loan transferred to Special Servicing in 12/2023. A Hello Letter was sent and a PNL was executed. Special Servicer and Borrower entered into a Settlement Agreement and the Loan is in the process of being returned to the

The loan is transferring to the Special Servicer, Rialto, due to Payment Default. While the loan is current, next due for 4/6/2025, borrower is not complying with the deposit of all revenues to the lockbox account which has occurred over an extended time period. A Notice of Default was issued. The DSCR was 1.30 for the normalized nine month period ended 9/30/2024.

2/11/2025 - Borrower is assessing its ability to restore the Winding Creek Property to pre-flood event status. Lender is evaluating a Loan Modification to allow usage of insurance proceeds for Restoration. Lender implemented Cash Management. Borrower has requested to start to remediation on the winding creek asset. Borrower has requested a quote to defense the loan.

2/11/2025 - Borrower is assessing its ability to restore the Winding Creek Property to pre-flood event status. Lender is evaluating a Loan Modification to allow usage of insurance proceeds for Restoration. Lender implemented Cash Management. Borrower has requested to start to remediation on the winding creek asset. Borrower has requested a quote to defense the loan.