Bank 2025-BNK49: loan annex

Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-13

← Bank 2025-BNK49 · CMBS market

Detail sections for the 62 loans of this deal that do not have a page of their own. Loans with a surveillance history, loans at or above the section's size threshold of $25.0M, and the largest loans in the deal have their own pages, linked from the loan table on the deal page. Every loan in the deal appears either here or on its own page.

Columbus Commons

Property	Columbus Commons
Address	2100, 2110, 2130 South Christopher Columbus Boulevard 2200 and 2250 South Christopher Columbus Boulevard; Philadelphia, PA 19148
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	124,853
Year built	1980
Year last renovated	2005
Original balance	$24.2M
Current balance	$24.2M (September 2026)
Share of deal balance	2.6%
Interest rate at origination	6.56%
Current interest rate	6.56%
Origination date	02-28-2025
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2035-03-06
Prepayment lockout end	12-05-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Citi Real Estate Funding Inc.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$37.1M	01-05-2025	MAI
Most recent reported	$37.1M	2025-01-05	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
IKEA US EAST, LLC - 215	311,185	12-31-2099
LOWE'S #1849	161,713	12-31-2099
RAYMOUR & FLANIGAN	35,308	10-31-2029

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

All-Star Storage (and 2 more properties)

Property	All-Star Storage (and 2 more properties)
Address	260 & 300 Technology Park Drive; 2435 West State Road 426; 55 & 60 Beekman Street 514 Kennedy Boulevard; Torrington, CT (and 2 more) 06790
Property type	Self storage
Units, beds or keys	["807", "558", "421"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$21.4M
Current balance	$21.4M (September 2026)
Share of deal balance	2.3%
Interest rate at origination	6.64%
Current interest rate	6.64%
Origination date	01-29-2025
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2035-02-01
Prepayment lockout end	10-31-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$35.1M	not yet reported	not yet reported
Most recent reported	not yet reported	not yet reported	["MAI", "MAI", "MAI"]

Latest financials

Financial period end (latest)	["06-30-2026", "06-30-2026", "06-30-2026"]
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Fedex Distribution Center

Property	Fedex Distribution Center
Address	100 Redneck Avenue; Moonachie, NJ 07074
Property type	Warehouse
Units, beds or keys	not yet reported
Net rentable square feet	169,700
Year built	1963
Year last renovated	1982
Original balance	$21.1M
Current balance	$21.1M (September 2026)
Share of deal balance	2.3%
Interest rate at origination	6.61%
Current interest rate	6.61%
Origination date	10-16-2024
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2034-11-01
Prepayment lockout end	07-31-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$39.3M	08-16-2024	MAI
Most recent reported	$39.3M	2024-08-16	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
FedEx	133,000	04-30-2034
Executive Liquidation	20,000	06-30-2027
M. Mark Products	16,700	08-31-2030

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

12500 Tukwila International Blvd

Property	12500 Tukwila International Blvd
Address	12500 Tukwila International Boulevard; Tukwila, WA 98168
Property type	Office
Units, beds or keys	not yet reported
Net rentable square feet	141,365
Year built	2004
Year last renovated	not yet reported
Original balance	$20.0M
Current balance	$19.6M (September 2026)
Share of deal balance	2.1%
Interest rate at origination	6.29%
Current interest rate	6.29%
Origination date	12-19-2024
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2035-01-01
Prepayment lockout end	01-31-2027
Yield maintenance end	06-30-2034
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$43.3M	10-08-2024	MAI
Most recent reported	$43.3M	2024-10-08	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Department of Homeland Security	129,596	10-10-2034

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$5.2M
Operating expenses	$2.3M
Net operating income	$3.0M
Net cash flow	$2.6M
DSCR (net cash flow)	1.78
DSCR (net operating income)	2.00
Occupancy	92%
Servicer advances outstanding	$0

Thunderbird Park (and 10 more properties)

Property	Thunderbird Park (and 10 more properties)
Address	907 North Atkinson Avenue; 3105 Main Street; 2900 Sherman Avenue; 185 West 25th Street; 3391 South 4th Avenue; 250 W. 27th St 2665 South 3rd Avenue; 1201 South Tennyson Drive; 48 Highway 264; 1051 SR 311; 3 Si Lane; 330 Arizona St SE; Roswell, NM (and 10 more) 88201
Property type	Manufactured housing
Units, beds or keys	["83", "62", "59", "36", "42", "52", "81", "33", "76", "24", "14"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$16.7M
Current balance	$16.7M (September 2026)
Share of deal balance	1.8%
Interest rate at origination	7.09%
Current interest rate	7.09%
Origination date	12-17-2024
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2035-01-01
Prepayment lockout end	09-30-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Bank of America, National Association
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$26.4M	not yet reported	not yet reported
Most recent reported	not yet reported	not yet reported	["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"]

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Club Vantaggio Apartments

Property	Club Vantaggio Apartments
Address	9301 Shirley Avenue; Northridge, CA 91324
Property type	Multifamily
Units, beds or keys	54
Net rentable square feet	not yet reported
Year built	2006
Year last renovated	not yet reported
Original balance	$16.5M
Current balance	$16.5M (September 2026)
Share of deal balance	1.8%
Interest rate at origination	6.40%
Current interest rate	6.40%
Origination date	11-26-2024
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2034-12-01
Prepayment lockout end	05-31-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$24.9M	10-21-2024	MAI
Most recent reported	$24.9M	2024-10-21	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$2.3M
Operating expenses	$1.0M
Net operating income	$1.2M
Net cash flow	$1.2M
DSCR (net cash flow)	1.13
DSCR (net operating income)	1.14
Occupancy	100%
Servicer advances outstanding	$0

Mountain View Plaza (and 1 more properties)

Property	Mountain View Plaza (and 1 more properties)
Address	2355 Highway 93; 9046 and 9056 North 121st East Avenue; Kalispell, MT (and 1 more) 59901
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$16.0M
Current balance	$16.0M (September 2026)
Share of deal balance	1.7%
Interest rate at origination	6.21%
Current interest rate	6.21%
Origination date	02-07-2025
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2035-03-01
Prepayment lockout end	02-28-2027
Yield maintenance end	11-30-2034
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$32.9M	not yet reported	not yet reported
Most recent reported	not yet reported	not yet reported	["MAI", "MAI"]

Largest tenants

Tenant	Square feet	Lease expiration
ROSS DRESS FOR LESS #0729	not yet reported	["01-31-2035", "03-31-2029"]
TJ MAXX #353	not yet reported	["10-31-2033", "01-31-2030"]
SIERRA TRADING POST	not yet reported	["09-30-2035", "06-30-2028"]

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	["06-30-2026", "06-30-2026"]
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Green Forest Estates (and 11 more properties)

Property	Green Forest Estates (and 11 more properties)
Address	250 County Road 902; 1 Country Court; 3810 South Thompson Avenue; 400 Golf Links Road; 5030 East Broadway Street; 8307 Stanton Road; 15200 Arch Street Pike; 3828 Community Lane; 8510 Scott Hamilton Drive; 3412 Coffer Lane; 5010 Opal Street; 4401 East Broadway Street; Green Forest, AR (and 11 more) 72638
Property type	Manufactured housing
Units, beds or keys	["122", "96", "43", "77", "50", "45", "32", "25", "27", "18", "22", "18"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$15.5M
Current balance	$15.5M (September 2026)
Share of deal balance	1.7%
Interest rate at origination	6.79%
Current interest rate	6.79%
Origination date	02-28-2025
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2035-03-01
Prepayment lockout end	11-30-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Bank of America, National Association
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$26.0M	not yet reported	not yet reported
Most recent reported	not yet reported	not yet reported	["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"]

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

11 West 8th Street

Property	11 West 8th Street
Address	11 West 8th Street; New York, NY 10011
Property type	Multifamily
Units, beds or keys	30
Net rentable square feet	not yet reported
Year built	1921
Year last renovated	1983
Original balance	$15.0M
Current balance	$15.0M (September 2026)
Share of deal balance	1.6%
Interest rate at origination	6.34%
Current interest rate	6.34%
Origination date	02-20-2025
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2035-03-01
Prepayment lockout end	11-30-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$27.1M	12-17-2024	MAI
Most recent reported	$27.1M	2024-12-17	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$2.3M
Operating expenses	$996,405
Net operating income	$1.3M
Net cash flow	$1.2M
DSCR (net cash flow)	1.27
DSCR (net operating income)	1.30
Occupancy	100%
Servicer advances outstanding	$0

31-51 Hugh Grant Circle

Property	31-51 Hugh Grant Circle
Address	31-51 Hugh Grant Circle a/k/a 1316-1328 Metropolitan Ave a/k/a 1915-1919 Westchester Ave; Bronx, NY 10462
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	14,368
Year built	1930
Year last renovated	2023
Original balance	$14.2M
Current balance	$14.2M (September 2026)
Share of deal balance	1.5%
Interest rate at origination	7.01%
Current interest rate	7.01%
Origination date	11-20-2024
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2034-12-01
Prepayment lockout end	07-31-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$23.0M	09-17-2024	MAI
Most recent reported	$23.0M	2024-09-17	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Chipotle Mexican Grill of	2,062	03-31-2039
Allerton Corp.	850	12-31-2027
Vision World of the Bronx	700	12-31-2027

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Jackson Hotel Portfolio

Property	Jackson Hotel Portfolio
Address	2002 and 2010 Bondsteel Drive; Jackson, MI 49202
Property type	Lodging
Units, beds or keys	205
Net rentable square feet	not yet reported
Year built	2018
Year last renovated	not yet reported
Original balance	$14.5M
Current balance	$14.1M (September 2026)
Share of deal balance	1.5%
Interest rate at origination	6.83%
Current interest rate	6.83%
Origination date	12-19-2024
Original term	120 months
Amortization term	300 months
Interest-only period	not yet reported
Scheduled maturity	2035-01-01
Prepayment lockout end	06-30-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$27.0M	09-10-2024	MAI
Most recent reported	$27.0M	2024-09-10	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

AAA Quality Self Storage Tustin

Property	AAA Quality Self Storage Tustin
Address	2681 Walnut Avenue; Tustin, CA 92780
Property type	Self storage
Units, beds or keys	not yet reported
Net rentable square feet	78,644
Year built	1978
Year last renovated	2001
Original balance	$14.0M
Current balance	$14.0M (September 2026)
Share of deal balance	1.5%
Interest rate at origination	6.60%
Current interest rate	6.60%
Origination date	11-14-2024
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2034-12-01
Prepayment lockout end	11-30-2026
Yield maintenance end	05-31-2034
Servicer	Gantry Capital, Inc.
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$25.7M	10-02-2024	MAI
Most recent reported	$25.7M	2024-10-02	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$2.2M
Operating expenses	$704,622
Net operating income	$1.5M
Net cash flow	$1.5M
DSCR (net cash flow)	1.90
DSCR (net operating income)	1.91
Occupancy	91%
Servicer advances outstanding	$0

Hampton Inn Harker Heights

Property	Hampton Inn Harker Heights
Address	126 East Central Texas Expressway; Harker Heights, TX 76548
Property type	Lodging
Units, beds or keys	88
Net rentable square feet	not yet reported
Year built	2023
Year last renovated	not yet reported
Original balance	$13.0M
Current balance	$12.8M (September 2026)
Share of deal balance	1.4%
Interest rate at origination	7.51%
Current interest rate	7.51%
Origination date	02-25-2025
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2035-03-01
Prepayment lockout end	10-31-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$20.0M	12-27-2024	MAI
Most recent reported	$20.0M	2024-12-27	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Sprouts (and 1 more properties)

Property	Sprouts (and 1 more properties)
Address	17795 Dallas Parkway; 5674 E Kings Canyon Road; Dallas, TX (and 1 more) 75287
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$11.0M
Current balance	$11.0M (September 2026)
Share of deal balance	1.2%
Interest rate at origination	5.99%
Current interest rate	5.99%
Origination date	02-14-2025
Original term	120 months
Amortization term	360 months
Interest-only period	48 months
Scheduled maturity	2035-03-01
Prepayment lockout end	11-30-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$20.8M	01-02-2025	not yet reported
Most recent reported	not yet reported	not yet reported	["MAI", "MAI"]

Largest tenants

Tenant	Square feet	Lease expiration
Sprouts Farmers Market	not yet reported	["02-28-2038", "05-31-2044"]

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$787,433
Operating expenses	$158,834
Net operating income	$628,599
Net cash flow	$591,329
DSCR (net cash flow)	1.57
DSCR (net operating income)	1.67
Occupancy	100%
Servicer advances outstanding	$0

Burgard Industrial Park

Property	Burgard Industrial Park
Address	12005 North Lombard Street; Portland, OR 97203
Property type	Warehouse
Units, beds or keys	not yet reported
Net rentable square feet	83,319
Year built	1970
Year last renovated	not yet reported
Original balance	$10.2M
Current balance	$10.2M (September 2026)
Share of deal balance	1.1%
Interest rate at origination	6.57%
Current interest rate	6.57%
Origination date	02-06-2025
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2035-02-11
Prepayment lockout end	11-10-2034
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	Wells Fargo Bank, National Association
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$18.8M	12-09-2024	MAI
Most recent reported	$18.8M	2024-12-09	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Western Machine Works, Inc (43890060)	38,914	01-31-2033
IRC Aluminum & Stainless, Inc. (43890380)	23,682	10-31-2033
Western Peterbilt, LLC (43890022)	20,720	10-31-2026

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Actek Enterprises Inc.

Property	Actek Enterprises Inc.
Address	1110 Fullerton Road; Industry, CA 91748
Property type	Warehouse
Units, beds or keys	not yet reported
Net rentable square feet	109,585
Year built	1989
Year last renovated	not yet reported
Original balance	$10.1M
Current balance	$10.1M (September 2026)
Share of deal balance	1.1%
Interest rate at origination	6.56%
Current interest rate	6.56%
Origination date	12-31-2024
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2035-01-01
Prepayment lockout end	08-31-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$35.0M	05-29-2024	MAI
Most recent reported	$35.0M	2024-05-29	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Actek Enterprises, Inc.	109,585	12-31-2037

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$2.8M
Operating expenses	$19,130
Net operating income	$2.8M
Net cash flow	$2.7M
DSCR (net cash flow)	3.97
DSCR (net operating income)	4.11
Occupancy	100%
Servicer advances outstanding	$0

New Town West Center

Property	New Town West Center
Address	3009 & 3011 State Highway 30 West; Huntsville, TX 77340
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	118,671
Year built	1979
Year last renovated	not yet reported
Original balance	$10.0M
Current balance	$10.0M (September 2026)
Share of deal balance	1.1%
Interest rate at origination	6.53%
Current interest rate	6.53%
Origination date	12-04-2024
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2035-01-01
Prepayment lockout end	08-31-2034
Yield maintenance end	not yet reported
Servicer	Berkadia
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$14.4M	09-21-2024	MAI
Most recent reported	$14.4M	2024-09-21	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Hobby Lobby	57,845	10-31-2028
Goodwill	24,715	08-31-2028
Rodeo Mexican Restaurant	4,230	01-31-2028

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Rimrock Marketplace

Property	Rimrock Marketplace
Address	2525, 2530,2535,2536 Rimrock Avenue 522 Bogart Lane; Grand Junction, CO 81505
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	400,077
Year built	2004
Year last renovated	not yet reported
Original balance	$8.0M
Current balance	$8.0M (September 2026)
Share of deal balance	0.9%
Interest rate at origination	5.23%
Current interest rate	5.23%
Origination date	10-02-2024
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2034-11-01
Prepayment lockout end	10-31-2026
Yield maintenance end	07-31-2034
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$18.9M	08-02-2024	MAI
Most recent reported	$18.9M	2024-08-02	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
DOLLAR TREE #3782	10,000	08-31-2028
AMERICA'S MATTRESS	7,480	05-31-2031
QDOBA #0227	3,400	09-30-2034

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$2.0M
Operating expenses	$679,985
Net operating income	$1.3M
Net cash flow	$1.2M
DSCR (net cash flow)	2.82
DSCR (net operating income)	3.11
Occupancy	100%
Servicer advances outstanding	$0

Lakeside Manor MHC (and 2 more properties)

Property	Lakeside Manor MHC (and 2 more properties)
Address	8200 North 1150 West; 401 South Deer Creek Street; 380 West Chandler Street; Shipshewana, IN (and 2 more) 46565
Property type	Manufactured housing
Units, beds or keys	["92", "49", "42"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$7.8M
Current balance	$7.8M (September 2026)
Share of deal balance	0.8%
Interest rate at origination	6.45%
Current interest rate	6.45%
Origination date	02-12-2025
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2035-03-01
Prepayment lockout end	02-28-2027
Yield maintenance end	08-31-2034
Servicer	Berkadia
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$12.7M	12-08-2024	not yet reported
Most recent reported	not yet reported	not yet reported	["MAI", "MAI", "MAI"]

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

SoCal Self Storage Thousand Oaks

Property	SoCal Self Storage Thousand Oaks
Address	2550 Willow Lane; Thousand Oaks, CA 91361
Property type	Self storage
Units, beds or keys	not yet reported
Net rentable square feet	54,937
Year built	1988
Year last renovated	not yet reported
Original balance	$7.2M
Current balance	$7.2M (September 2026)
Share of deal balance	0.8%
Interest rate at origination	6.07%
Current interest rate	6.07%
Origination date	02-06-2025
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2035-03-01
Prepayment lockout end	08-31-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$13.2M	01-02-2025	MAI
Most recent reported	$13.2M	2025-01-02	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.3M
Operating expenses	$521,698
Net operating income	$755,630
Net cash flow	$747,389
DSCR (net cash flow)	1.69
DSCR (net operating income)	1.71
Occupancy	79%
Servicer advances outstanding	$0

Socal Self Storage Torrance

Property	Socal Self Storage Torrance
Address	2515 Maricopa Street; Torrance, CA 90503
Property type	Self storage
Units, beds or keys	484
Net rentable square feet	42,979
Year built	1976
Year last renovated	1990
Original balance	$7.2M
Current balance	$7.2M (September 2026)
Share of deal balance	0.8%
Interest rate at origination	6.07%
Current interest rate	6.07%
Origination date	02-06-2025
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2035-03-01
Prepayment lockout end	08-31-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$13.2M	01-02-2025	MAI
Most recent reported	$13.2M	2025-01-02	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.2M
Operating expenses	$468,669
Net operating income	$752,963
Net cash flow	$745,227
DSCR (net cash flow)	1.68
DSCR (net operating income)	1.70
Occupancy	70%
Servicer advances outstanding	$0

808 North 19th Street

Property	808 North 19th Street
Address	808 North 19th Street; Philadelphia, PA 19130
Property type	Multifamily
Units, beds or keys	48
Net rentable square feet	not yet reported
Year built	2021
Year last renovated	not yet reported
Original balance	$6.7M
Current balance	$6.7M (September 2026)
Share of deal balance	0.7%
Interest rate at origination	7.16%
Current interest rate	7.16%
Origination date	01-22-2025
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2035-02-01
Prepayment lockout end	07-31-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Bank of America, National Association
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$11.6M	12-04-2024	MAI
Most recent reported	$11.6M	2024-12-04	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Academy Place

Property	Academy Place
Address	5110-5172 North Academy Boulevard; Colorado Springs, CO 80918
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	83,878
Year built	1980
Year last renovated	not yet reported
Original balance	$5.8M
Current balance	$5.8M (September 2026)
Share of deal balance	0.6%
Interest rate at origination	5.47%
Current interest rate	5.47%
Origination date	10-02-2024
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2034-11-01
Prepayment lockout end	10-31-2026
Yield maintenance end	07-31-2034
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Morgan Stanley Bank, N.A.
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$12.0M	08-01-2024	MAI
Most recent reported	$12.0M	2024-08-01	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
O'Reilly Auto Parts	35,000	06-30-2033
Chuck E. Cheese	13,778	07-31-2031
Rodeo Dental & Orthodontics	6,712	04-30-2032

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.7M
Operating expenses	$489,769
Net operating income	$1.2M
Net cash flow	$1.1M
DSCR (net cash flow)	3.32
DSCR (net operating income)	3.70
Occupancy	88%
Servicer advances outstanding	$0

StorQuest Kapolei

Property	StorQuest Kapolei
Address	91-530 Komohana Street; Kapolei, HI 96707
Property type	Self storage
Units, beds or keys	98
Net rentable square feet	23,842
Year built	2019
Year last renovated	not yet reported
Original balance	$5.8M
Current balance	$5.8M (September 2026)
Share of deal balance	0.6%
Interest rate at origination	6.44%
Current interest rate	6.44%
Origination date	02-03-2025
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2035-03-01
Prepayment lockout end	03-31-2027
Yield maintenance end	11-30-2034
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Bank of America, National Association
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$9.1M	01-03-2025	MAI
Most recent reported	$9.1M	2025-01-03	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Rombout Village

Property	Rombout Village
Address	1-144 Sterling Street; Beacon, NY 12508
Property type	Multifamily
Units, beds or keys	144
Net rentable square feet	not yet reported
Year built	1973
Year last renovated	not yet reported
Original balance	$5.5M
Current balance	$5.4M (September 2026)
Share of deal balance	0.6%
Interest rate at origination	6.78%
Current interest rate	6.78%
Origination date	01-14-2025
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2035-02-11
Prepayment lockout end	03-10-2027
Yield maintenance end	11-10-2034
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	Wells Fargo Bank, National Association
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$35.8M	12-20-2024	MAI
Most recent reported	$35.8M	2024-12-20	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

Greene Town Center

Property	Greene Town Center
Address	4452 Buckeye Lane; Beavercreek, OH 45440
Property type	Mixed use
Units, beds or keys	not yet reported
Net rentable square feet	717,839
Year built	2007
Year last renovated	not yet reported
Original balance	$4.7M
Current balance	$4.7M (September 2026)
Share of deal balance	0.5%
Interest rate at origination	6.60%
Current interest rate	6.60%
Origination date	10-02-2024
Original term	120 months
Amortization term	360 months
Interest-only period	24 months
Scheduled maturity	2034-10-06
Prepayment lockout end	08-05-2034
Yield maintenance end	not yet reported
Servicer	Midland Loan Services
Loan servicer	not yet reported
Originator	Wells Fargo Bank, National Association
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$167.2M	08-08-2024	MAI
Most recent reported	$167.2M	2024-08-08	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
LA Fitness &37301	51,414	11-30-2026
Nordstrom Rack &279	35,123	09-30-2029
Books & Co.	34,354	01-31-2027

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$26.5M
Operating expenses	$10.9M
Net operating income	$15.5M
Net cash flow	$14.2M
DSCR (net cash flow)	2.00
DSCR (net operating income)	2.18
Occupancy	86%
Servicer advances outstanding	$0

Salem Mini Storage

Property	Salem Mini Storage
Address	5500 And 5585 Commercial Street Southeast; Salem, OR 97306
Property type	Self storage
Units, beds or keys	not yet reported
Net rentable square feet	56,805
Year built	1994
Year last renovated	not yet reported
Original balance	$3.5M
Current balance	$3.5M (September 2026)
Share of deal balance	0.4%
Interest rate at origination	7.08%
Current interest rate	7.08%
Origination date	02-25-2025
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2035-03-11
Prepayment lockout end	12-10-2034
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	Wells Fargo Bank, National Association
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$7.3M	01-16-2025	MAI
Most recent reported	$7.3M	2025-01-16	MAI

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	not yet reported
Servicer advances outstanding	$0

All-Star Storage

Property	All-Star Storage
Address	260 & 300 Technology Park Drive; Torrington, CT 06790
Property type	Self storage
Units, beds or keys	761
Net rentable square feet	103,050
Year built	2001
Year last renovated	not yet reported
Original balance	$9.0M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$14.8M	11-01-2024	MAI

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	95%
Servicer advances outstanding	not yet reported

Compass Oviedo

Property	Compass Oviedo
Address	2435 West State Road 426; Oviedo, FL 32765
Property type	Self storage
Units, beds or keys	530
Net rentable square feet	65,400
Year built	2001
Year last renovated	not yet reported
Original balance	$7.1M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$11.6M	11-05-2024	MAI

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	79%
Servicer advances outstanding	not yet reported

Compass Manville

Property	Compass Manville
Address	55 Beekman Street and 514 Kennedy Boulevard; Manville, NJ 08835
Property type	Self storage
Units, beds or keys	418
Net rentable square feet	45,250
Year built	1999
Year last renovated	not yet reported
Original balance	$5.3M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$8.7M	11-06-2024	MAI

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	85%
Servicer advances outstanding	not yet reported

Thunderbird Park

Property	Thunderbird Park
Address	907 North Atkinson Avenue; Roswell, NM 88201
Property type	Manufactured housing
Units, beds or keys	83
Net rentable square feet	not yet reported
Year built	1970
Year last renovated	not yet reported
Original balance	$2.7M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$4.2M	10-12-2024	MAI

Latest financials

Financial period end (latest)	10-31-2024
Revenue	$434,244
Operating expenses	$178,395
Net operating income	$255,849
Net cash flow	$255,849
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	88%
Servicer advances outstanding	not yet reported

Town & Country Alamosa

Property	Town & Country Alamosa
Address	3105 Main Street; Alamosa, CO 81101
Property type	Manufactured housing
Units, beds or keys	62
Net rentable square feet	not yet reported
Year built	1979
Year last renovated	not yet reported
Original balance	$2.5M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$3.9M	09-28-2024	MAI

Latest financials

Financial period end (latest)	10-31-2024
Revenue	$387,760
Operating expenses	$123,741
Net operating income	$264,019
Net cash flow	$264,019
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	87%
Servicer advances outstanding	not yet reported

Country MHC

Property	Country MHC
Address	2900 Sherman Avenue; Monte Vista, CO 81144
Property type	Manufactured housing
Units, beds or keys	59
Net rentable square feet	not yet reported
Year built	1972
Year last renovated	not yet reported
Original balance	$2.1M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$3.6M	09-28-2024	MAI

Latest financials

Financial period end (latest)	10-31-2024
Revenue	$362,583
Operating expenses	$142,224
Net operating income	$220,359
Net cash flow	$220,359
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	88%
Servicer advances outstanding	not yet reported

Linda Mesa MHC

Property	Linda Mesa MHC
Address	185 West 25th Street; Yuma, AZ 85364
Property type	Manufactured housing
Units, beds or keys	36
Net rentable square feet	not yet reported
Year built	1979
Year last renovated	not yet reported
Original balance	$1.9M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$3.0M	10-17-2024	MAI

Latest financials

Financial period end (latest)	10-31-2024
Revenue	$261,668
Operating expenses	$47,163
Net operating income	$214,505
Net cash flow	$214,505
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	97%
Servicer advances outstanding	not yet reported

Town & Country Yuma

Property	Town & Country Yuma
Address	3391 South 4th Avenue; Yuma, AZ 85365
Property type	Manufactured housing
Units, beds or keys	42
Net rentable square feet	not yet reported
Year built	1960
Year last renovated	not yet reported
Original balance	$1.6M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$2.5M	10-17-2024	MAI

Latest financials

Financial period end (latest)	10-31-2024
Revenue	$252,773
Operating expenses	$77,640
Net operating income	$175,133
Net cash flow	$175,133
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	76%
Servicer advances outstanding	not yet reported

Tumbleweed MHC

Property	Tumbleweed MHC
Address	2665 South 3rd Avenue and 250 West 27th Street; Yuma, AZ 85364
Property type	Manufactured housing
Units, beds or keys	52
Net rentable square feet	not yet reported
Year built	1952
Year last renovated	not yet reported
Original balance	$1.4M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$2.2M	10-17-2024	MAI

Latest financials

Financial period end (latest)	10-31-2024
Revenue	$192,593
Operating expenses	$62,874
Net operating income	$129,719
Net cash flow	$129,719
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	71%
Servicer advances outstanding	not yet reported

Country Club Gardens

Property	Country Club Gardens
Address	1201 South Tennyson Drive; Deming, NM 88030
Property type	Manufactured housing
Units, beds or keys	81
Net rentable square feet	not yet reported
Year built	1981
Year last renovated	not yet reported
Original balance	$1.2M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$1.8M	09-27-2024	MAI

Latest financials

Financial period end (latest)	10-31-2024
Revenue	$177,103
Operating expenses	$42,540
Net operating income	$134,563
Net cash flow	$134,563
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	42%
Servicer advances outstanding	not yet reported

Tse Bonito I

Property	Tse Bonito I
Address	48 AZ-264; Tse Bonito, NM 86515
Property type	Manufactured housing
Units, beds or keys	33
Net rentable square feet	not yet reported
Year built	1980
Year last renovated	not yet reported
Original balance	$1.1M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$1.8M	10-07-2024	MAI

Latest financials

Financial period end (latest)	10-31-2024
Revenue	$226,722
Operating expenses	$80,530
Net operating income	$146,192
Net cash flow	$146,192
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	85%
Servicer advances outstanding	not yet reported

Desert Village MHC/RV

Property	Desert Village MHC/RV
Address	1051 SR 311; Clovis, NM 88101
Property type	Manufactured housing
Units, beds or keys	76
Net rentable square feet	not yet reported
Year built	1981
Year last renovated	not yet reported
Original balance	$865,844
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$1.4M	10-12-2024	MAI

Latest financials

Financial period end (latest)	10-31-2024
Revenue	$206,040
Operating expenses	$94,010
Net operating income	$112,030
Net cash flow	$112,030
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	51%
Servicer advances outstanding	not yet reported

St. Williams

Property	St. Williams
Address	3 Si Lane; Mentmore, NM 87301
Property type	Manufactured housing
Units, beds or keys	24
Net rentable square feet	not yet reported
Year built	1998
Year last renovated	not yet reported
Original balance	$776,053
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$1.2M	10-07-2024	MAI

Latest financials

Financial period end (latest)	10-31-2024
Revenue	$154,915
Operating expenses	$83,774
Net operating income	$71,141
Net cash flow	$71,141
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	71%
Servicer advances outstanding	not yet reported

HiLand MHC

Property	HiLand MHC
Address	330 Arizona Street Southeast; Albuquerque, NM 87108
Property type	Manufactured housing
Units, beds or keys	14
Net rentable square feet	not yet reported
Year built	1956
Year last renovated	not yet reported
Original balance	$529,127
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$825,000	10-12-2024	MAI

Latest financials

Financial period end (latest)	10-31-2024
Revenue	$90,636
Operating expenses	$28,944
Net operating income	$61,692
Net cash flow	$61,692
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	79%
Servicer advances outstanding	not yet reported

Mountain View Plaza

Property	Mountain View Plaza
Address	2355 Highway 93; Kalispell, MT 59901
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	161,962
Year built	2003
Year last renovated	not yet reported
Original balance	$11.5M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$23.6M	08-04-2024	MAI

Largest tenants

Tenant	Square feet	Lease expiration
Ross Dress For Less	30,021	01-31-2030
TJ Maxx	28,000	10-31-2033
Natural Grocers	20,000	01-31-2029

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	11-30-2024
Revenue	$2.5M
Operating expenses	$1.2M
Net operating income	$1.3M
Net cash flow	$1.3M
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	86%
Servicer advances outstanding	not yet reported

Center at Owasso

Property	Center at Owasso
Address	9046 and 9056 North 121st East Avenue; Owasso, OK 74055
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	143,798
Year built	2008
Year last renovated	not yet reported
Original balance	$4.5M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$9.2M	09-03-2024	MAI

Largest tenants

Tenant	Square feet	Lease expiration
JC Penney	103,533	03-31-2029
Ross Dress For Less	24,915	01-31-2030
Famous Footwear	7,000	06-30-2025

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	11-30-2024
Revenue	$1.2M
Operating expenses	$299,493
Net operating income	$879,253
Net cash flow	$879,253
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	100%
Servicer advances outstanding	not yet reported

Green Forest Estates

Property	Green Forest Estates
Address	250 County Road 902; Green Forest, AR 72638
Property type	Manufactured housing
Units, beds or keys	122
Net rentable square feet	not yet reported
Year built	1994
Year last renovated	not yet reported
Original balance	$3.0M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$5.0M	01-21-2025	MAI

Latest financials

Financial period end (latest)	12-31-2024
Revenue	$400,759
Operating expenses	$75,782
Net operating income	$324,977
Net cash flow	$324,977
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	100%
Servicer advances outstanding	not yet reported

Country Court Estates

Property	Country Court Estates
Address	1 Country Court; Berryville, AR 72616
Property type	Manufactured housing
Units, beds or keys	96
Net rentable square feet	not yet reported
Year built	1994
Year last renovated	not yet reported
Original balance	$2.2M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$3.6M	01-21-2025	MAI

Latest financials

Financial period end (latest)	12-31-2024
Revenue	$281,445
Operating expenses	$42,237
Net operating income	$239,208
Net cash flow	$239,208
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	98%
Servicer advances outstanding	not yet reported

Midway Estates

Property	Midway Estates
Address	3810 South Thompson Street; Springdale, AR 72764
Property type	Manufactured housing
Units, beds or keys	43
Net rentable square feet	not yet reported
Year built	1960
Year last renovated	not yet reported
Original balance	$1.7M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$2.9M	01-21-2025	MAI

Latest financials

Financial period end (latest)	12-31-2024
Revenue	$284,894
Operating expenses	$114,744
Net operating income	$170,150
Net cash flow	$170,150
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	100%
Servicer advances outstanding	not yet reported

Golf Links Estates

Property	Golf Links Estates
Address	400 Golf Links Road; Hot Springs, AR 71901
Property type	Manufactured housing
Units, beds or keys	77
Net rentable square feet	not yet reported
Year built	1970
Year last renovated	not yet reported
Original balance	$1.5M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$2.5M	01-16-2025	MAI

Latest financials

Financial period end (latest)	12-31-2024
Revenue	$220,554
Operating expenses	$45,304
Net operating income	$175,250
Net cash flow	$175,250
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	66%
Servicer advances outstanding	not yet reported

North Rock Estates

Property	North Rock Estates
Address	5030 East Broadway Street; North Little Rock, AR 72117
Property type	Manufactured housing
Units, beds or keys	50
Net rentable square feet	not yet reported
Year built	1956
Year last renovated	not yet reported
Original balance	$1.5M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$2.4M	01-16-2025	MAI

Latest financials

Financial period end (latest)	12-31-2024
Revenue	$112,180
Operating expenses	$28,829
Net operating income	$83,351
Net cash flow	$83,351
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	72%
Servicer advances outstanding	not yet reported

Pulaski Estates

Property	Pulaski Estates
Address	8307 Stanton Road; Little Rock, AR 72209
Property type	Manufactured housing
Units, beds or keys	45
Net rentable square feet	not yet reported
Year built	1960
Year last renovated	not yet reported
Original balance	$1.4M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$2.3M	01-19-2025	MAI

Latest financials

Financial period end (latest)	12-31-2024
Revenue	$193,273
Operating expenses	$66,290
Net operating income	$126,983
Net cash flow	$126,983
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	82%
Servicer advances outstanding	not yet reported

Arch Estates

Property	Arch Estates
Address	15200 Arch Street Pike; Little Rock, AR 72206
Property type	Manufactured housing
Units, beds or keys	37
Net rentable square feet	not yet reported
Year built	1956
Year last renovated	not yet reported
Original balance	$1.2M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$2.0M	01-16-2025	MAI

Latest financials

Financial period end (latest)	12-31-2024
Revenue	$169,823
Operating expenses	$54,757
Net operating income	$115,066
Net cash flow	$115,066
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	100%
Servicer advances outstanding	not yet reported

Community Estates

Property	Community Estates
Address	3828 Community Lane; Little Rock, AR 72209
Property type	Manufactured housing
Units, beds or keys	25
Net rentable square feet	not yet reported
Year built	1970
Year last renovated	not yet reported
Original balance	$816,417
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$1.4M	01-16-2025	MAI

Latest financials

Financial period end (latest)	12-31-2024
Revenue	$116,350
Operating expenses	$41,124
Net operating income	$75,226
Net cash flow	$75,226
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	92%
Servicer advances outstanding	not yet reported

Pulaski Estates II

Property	Pulaski Estates II
Address	8510 Scott Hamilton Drive; Little Rock, AR 72209
Property type	Manufactured housing
Units, beds or keys	27
Net rentable square feet	not yet reported
Year built	1935
Year last renovated	not yet reported
Original balance	$679,354
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$1.1M	01-16-2025	MAI

Latest financials

Financial period end (latest)	12-31-2024
Revenue	$137,285
Operating expenses	$52,953
Net operating income	$84,332
Net cash flow	$84,332
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	96%
Servicer advances outstanding	not yet reported

Coffer Estates

Property	Coffer Estates
Address	3412 Coffer Lane; Little Rock, AR 72209
Property type	Manufactured housing
Units, beds or keys	18
Net rentable square feet	not yet reported
Year built	1970
Year last renovated	not yet reported
Original balance	$589,965
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$990,000	01-16-2025	MAI

Latest financials

Financial period end (latest)	12-31-2024
Revenue	$101,462
Operating expenses	$39,577
Net operating income	$61,885
Net cash flow	$61,885
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	100%
Servicer advances outstanding	not yet reported

Opal Estates

Property	Opal Estates
Address	5010 Opal Street; Little Rock, AR 72209
Property type	Manufactured housing
Units, beds or keys	22
Net rentable square feet	not yet reported
Year built	1958
Year last renovated	not yet reported
Original balance	$584,006
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$980,000	01-16-2025	MAI

Latest financials

Financial period end (latest)	12-31-2024
Revenue	$103,170
Operating expenses	$40,617
Net operating income	$62,553
Net cash flow	$62,553
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	68%
Servicer advances outstanding	not yet reported

Broadway Estates

Property	Broadway Estates
Address	4401 East Broadway Street; North Little Rock, AR 72117
Property type	Manufactured housing
Units, beds or keys	18
Net rentable square feet	not yet reported
Year built	1955
Year last renovated	not yet reported
Original balance	$530,373
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$890,000	01-16-2025	MAI

Latest financials

Financial period end (latest)	12-31-2024
Revenue	$50,540
Operating expenses	$15,212
Net operating income	$35,328
Net cash flow	$35,328
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	61%
Servicer advances outstanding	not yet reported

Sprouts

Property	Sprouts
Address	17795 Dallas Parkway; Dallas, TX 75287
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	19,867
Year built	2022
Year last renovated	not yet reported
Original balance	$6.2M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$11.7M	01-02-2025	MAI

Largest tenants

Tenant	Square feet	Lease expiration
Sprouts Farmers Market	19,867	02-28-2038

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	100%
Servicer advances outstanding	not yet reported

Tractor Supply

Property	Tractor Supply
Address	5674 E Kings Canyon Road; Fresno, CA 93727
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	23,729
Year built	2024
Year last renovated	not yet reported
Original balance	$4.8M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$9.1M	01-02-2025	MAI

Largest tenants

Tenant	Square feet	Lease expiration
Tractor Supply Company West, LLC	23,729	05-31-2044

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	not yet reported
Revenue	not yet reported
Operating expenses	not yet reported
Net operating income	not yet reported
Net cash flow	not yet reported
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	100%
Servicer advances outstanding	not yet reported

Lakeside Manor MHC

Property	Lakeside Manor MHC
Address	8200 North 1150 West; Shipshewana, IN 46565
Property type	Manufactured housing
Units, beds or keys	92
Net rentable square feet	not yet reported
Year built	1975
Year last renovated	not yet reported
Original balance	$4.1M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$6.6M	12-08-2024	MAI

Latest financials

Financial period end (latest)	11-30-2024
Revenue	$535,054
Operating expenses	$198,751
Net operating income	$336,304
Net cash flow	$336,304
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	94%
Servicer advances outstanding	not yet reported

Deer Creek Village MHC

Property	Deer Creek Village MHC
Address	401 South Deer Creek Street; Galveston, IN 46932
Property type	Manufactured housing
Units, beds or keys	49
Net rentable square feet	not yet reported
Year built	1975
Year last renovated	not yet reported
Original balance	$2.0M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$3.2M	12-08-2024	MAI

Latest financials

Financial period end (latest)	11-30-2024
Revenue	$228,055
Operating expenses	$67,417
Net operating income	$160,637
Net cash flow	$160,637
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	88%
Servicer advances outstanding	not yet reported

Russiaville MHC

Property	Russiaville MHC
Address	380 West Chandler Street; Russiaville, IN 46979
Property type	Manufactured housing
Units, beds or keys	42
Net rentable square feet	not yet reported
Year built	1970
Year last renovated	not yet reported
Original balance	$1.8M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$2.9M	12-08-2024	MAI

Latest financials

Financial period end (latest)	11-30-2024
Revenue	$244,399
Operating expenses	$88,357
Net operating income	$156,043
Net cash flow	$156,043
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	86%
Servicer advances outstanding	not yet reported

Soho Grand Hotel

Property	Soho Grand Hotel
Address	310 West Broadway; New York, NY 10013
Property type	Lodging
Units, beds or keys	347
Net rentable square feet	not yet reported
Year built	1996
Year last renovated	2021
Original balance	$21.6M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$327.0M	07-01-2024	MAI

Latest financials

Financial period end (latest)	11-30-2024
Revenue	$71.4M
Operating expenses	$42.2M
Net operating income	$29.2M
Net cash flow	$26.3M
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	92%
Servicer advances outstanding	not yet reported

Roxy Hotel

Property	Roxy Hotel
Address	2 Sixth Avenue; New York, NY 10013
Property type	Lodging
Units, beds or keys	201
Net rentable square feet	not yet reported
Year built	2000
Year last renovated	2016
Original balance	$11.9M
Current balance	not yet reported
Share of deal balance	not yet reported
Interest rate at origination	not yet reported
Current interest rate	not yet reported
Origination date	not yet reported
Original term	not yet reported
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	not yet reported
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	not yet reported
Loan servicer	not yet reported
Originator	not yet reported
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$181.0M	07-01-2024	MAI

Latest financials

Financial period end (latest)	11-30-2024
Revenue	$48.7M
Operating expenses	$32.5M
Net operating income	$16.2M
Net cash flow	$14.3M
DSCR (net cash flow)	not yet reported
DSCR (net operating income)	not yet reported
Occupancy	89%
Servicer advances outstanding	not yet reported