WFCM 2016-C37

Loan transferred 11/1/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Properties , Inc., and the Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management; cash flow sweep trigger for EOD or DSCR < 1.10x. Park Pointe is a 89-unit, single-building, 3-story apartment project, located in Westlake, Los Angeles CA. Built in 1971, the Property is situated on a 0.82 acre site. The Receiver has proposed to payoff the loan in full on or before maturity.

Loan transferred 10/25/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business.On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Propertie s, Inc., and the Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management; cash flow sweep trigger for EOD or DSCR < 1.10x. Subj is a 44-unit multi-family garden property located in San Bernardino, California. Built in 1985, the improvements contains eight buildings and are situated on a 2.50 acre site . The Receiver has proposed to payoff the loans in full on or before maturity.

Loan transferred 10/25/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Propertie s, Inc., and the Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management; cash flow sweep trigger for EOD or DSCR < 1.10x. Subj is 64-unit Class-C MF, garden property located in Las Vegas, NV. Built in 1977, Property consists of 12 one and two story buildings, including one leasing office/laundry facility and one maintenance shop/pool house. The Receiver has proposed to payoff the loans in full on or before maturity.

Loan transferred 10/29/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Propertie s, Inc., and the Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management; cash flow sweep trigger for EOD or DSCR < 1.10x. Studio Village is a 169-unit, single-building, two-story apartment project, located in the neighborhood of North Hollywood, CA. Built in 1961, Property is situated on a 1.36 acre site. Property has 145 studio units & 24 one-bedroom / one-bathroom units. The Receiver has proposed to payoff the loan in full on or before Maturity.

Loan transferred 10/30/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Propertie s, Inc., and the Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management; cash flow sweep trigger for EOD or DSCR < 1.10x. Property is a 50-unit multi-family garden property, built in 1985, consisting of 11 (including one ancillary) two-story multi-family buildings on a 2.3 acre. The Receiver has proposed to payoff the loan in full on or before maturity.

Loan transferred 10/25/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Propertie s, Inc., and the Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management; cash flow sweep trigger for EOD or DSCR < 1.10x. Subj is a 54-unit, two-building, two story apartment project in Whittier, California. Built in 1963, the Property is a two-building, two- story, walk-up style apartment complex situated on 1.15 acres. The Receiver has proposed to payoff the loan in full on or before maturity.

Loan transferred 10/30/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Propertie s, Inc., and the Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management; cash flow sweep trigger for EOD or DSCR < 1.10x. Collateral is a 40-unit single building, two-story apartment project built in 1955 on a 0.6 acre site. The Property has 29 studio units, 10 one-bedroom / one-bathroom units and one two-bedroom / one-bathroom unit. The Receiver has proposed to payoff the loans in full on or before maturity.

Loan transferred 11/1/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Properties , Inc., and the Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management; cash flow sweep trigger for EOD or DSCR < 1.10x. Collateral is a 492-unit garden-style multifamily property located Las Vegas, Nevada. The improvements were constructed in 1989 and are situated on a 24.13-acre site. The Receiver has proposed to payoff the loan in full on or before maturity.

Loan transferred 10/25/2024 for Non-Monetary Default due to a court appointed Receiver and ongoing litigation involving a dispute regarding ownership and control of the family real estate business. On August 6, 2024, the Superior Court of the State of California entered an order appointing Aaron Kudla as receiver, dedicating one sentence to receiver's powers: 'Receiver Kudla shall have all powers necessary to act as a receiver, including the power to: collect and distribute money, manage the businesses and properties, conduct accountings, collect and distribute information and provide reports and financial information to all partners, hire and fire people, and pay people as necessary." The Sponsors are H. K. Realty, Inc. and J.K. Propertie s, Inc., and the Guarantor is J.K. PROPERTIES, INC. Barclays originated 9 loans to the Sponsor to refinance the fee simple interest in 9 multifamily Properties totaling 1,052 units, located in California and Nevada, totaling $62.2MM. Loans have springing cash management; cash flow sweep trigger for EOD or DSCR < 1.10x. Property is a 50 unit, single-building, 3-story apartment project built in 1962 in Hollywood neighborhood of Los Angeles, CA. The

Loan transferred for Imminent Default on 3/24/25. Collateral consists of a first-lien leasehold interest in a 247,183 SF, Class A, 21-story office building built in 19216 and located in Midtown Manhattan in NYC. As of 5/30/26, the Property was 74% occupied with NOI/DSCR: -$3.75MM/-0.90x. A Receiver has been appointed and foreclosure compliant has been filed. Receiver has engaged C&W as leasing agent and they are working to lease up the building. The Receiver has also sent a proposal to the Ground Lessor to extend the ground lease. No response from the Ground Lessor at this time.