BBCMS Mortgage Trust 2021-C12: loan annex

Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-01

← BBCMS Mortgage Trust 2021-C12 · CMBS market

Detail sections for the 52 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.

Mills Fleet Farm Brooklyn Ranch

Property	Mills Fleet Farm Brooklyn Ranch
Address	8400 Lakeland Avenue North; Brooklyn Park, MN 55445
Property type	Retail
Units, beds or keys	0
Net rentable square feet	246,891
Year built	1984
Year last renovated	not yet reported
Original balance	$23.0M
Current balance	$23.0M (September 2026)
Share of deal balance	2.2%
Interest rate at origination	3.71%
Current interest rate	3.71%
Origination date	10-29-2021
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	BMO
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$37.6M	09-18-2021	not yet reported
Most recent reported	$37.6M	2021-09-18	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Fleet Farm Group LLC	246,891	10-31-2041

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.4M
Operating expenses	$56,005
Net operating income	$1.3M
Net cash flow	$1.3M
DSCR (net cash flow)	3.04
DSCR (net operating income)	3.06
Occupancy	100%
Servicer advances outstanding	$0

One & Two River Crossing

Property	One & Two River Crossing
Address	3815 and 3925 River Crossing Parkway; Indianapolis, IN 46240
Property type	Office
Units, beds or keys	0
Net rentable square feet	205,729
Year built	1999
Year last renovated	not yet reported
Original balance	$22.8M
Current balance	$22.8M (September 2026)
Share of deal balance	2.2%
Interest rate at origination	3.29%
Current interest rate	3.29%
Origination date	08-31-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-09-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$35.2M	08-04-2021	not yet reported
Most recent reported	$35.2M	2021-08-04	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
CBIZ ACQUISITION 500 LLC	68,887	10-31-2032
Crowe LLP	40,235	03-31-2034
Blackboard Inc.	28,674	09-30-2027

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$2.9M
Operating expenses	$1.4M
Net operating income	$1.5M
Net cash flow	$1.3M
DSCR (net cash flow)	3.33
DSCR (net operating income)	3.92
Occupancy	98%
Servicer advances outstanding	$0

Autumn Run Apartments

Property	Autumn Run Apartments
Address	1627 Country Lakes Drive; Naperville, IL 60563
Property type	Multifamily
Units, beds or keys	320
Net rentable square feet	not yet reported
Year built	1986
Year last renovated	not yet reported
Original balance	$22.7M
Current balance	$22.7M (September 2026)
Share of deal balance	2.2%
Interest rate at origination	3.56%
Current interest rate	3.56%
Origination date	10-12-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SGFC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$41.6M	09-03-2021	not yet reported
Most recent reported	$41.6M	2021-09-03	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$2.6M
Operating expenses	$1.3M
Net operating income	$1.4M
Net cash flow	$1.3M
DSCR (net cash flow)	3.23
DSCR (net operating income)	3.33
Occupancy	96%
Servicer advances outstanding	$0

Parc Gardens

Property	Parc Gardens
Address	1521 Camellia Blvd; Lafayette, LA 70508
Property type	Multifamily
Units, beds or keys	151
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$22.6M
Current balance	$22.6M (September 2026)
Share of deal balance	2.2%
Interest rate at origination	3.70%
Current interest rate	3.70%
Origination date	10-20-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$36.2M	09-06-2021	not yet reported
Most recent reported	$36.2M	2021-09-06	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$3.2M
Operating expenses	$870,322
Net operating income	$2.4M
Net cash flow	$2.3M
DSCR (net cash flow)	2.77
DSCR (net operating income)	2.81
Occupancy	91%
Servicer advances outstanding	$0

110 120 and 130 Holger Way

Property	110 120 and 130 Holger Way
Address	110 120 and 130 Holger Way; San Jose, CA 95134
Property type	Office
Units, beds or keys	0
Net rentable square feet	603,666
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$22.3M
Current balance	$22.3M (September 2026)
Share of deal balance	2.1%
Interest rate at origination	2.97%
Current interest rate	2.97%
Origination date	07-30-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2034-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$538.0M	07-19-2021	not yet reported
Most recent reported	$538.0M	2021-07-19	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Micron Technologies Inc	603,666	12-31-2034

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

Latest financials

Financial period end (latest)	12-31-2025
Revenue	$37.8M
Operating expenses	$11.0M
Net operating income	$26.8M
Net cash flow	$26.7M
DSCR (net cash flow)	2.17
DSCR (net operating income)	2.18
Occupancy	100%
Servicer advances outstanding	$0

445 Vanderbilt

Property	445 Vanderbilt
Address	445 Vanderbilt Avenue; Brooklyn, NY 11238
Property type	Multifamily
Units, beds or keys	43
Net rentable square feet	not yet reported
Year built	2021
Year last renovated	not yet reported
Original balance	$22.0M
Current balance	$22.0M (September 2026)
Share of deal balance	2.1%
Interest rate at origination	3.66%
Current interest rate	3.66%
Origination date	10-28-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SGFC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$33.0M	09-15-2021	not yet reported
Most recent reported	$33.0M	2021-09-15	MAI

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

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$2.0M
Operating expenses	$375,507
Net operating income	$1.6M
Net cash flow	$1.6M
DSCR (net cash flow)	1.94
DSCR (net operating income)	1.95
Occupancy	100%
Servicer advances outstanding	$0

Hamilton Commons

Property	Hamilton Commons
Address	190 Hamilton Commons; Mays Landing, NJ 08330
Property type	Retail
Units, beds or keys	0
Net rentable square feet	403,050
Year built	2001
Year last renovated	not yet reported
Original balance	$22.0M
Current balance	$22.0M (September 2026)
Share of deal balance	2.1%
Interest rate at origination	3.20%
Current interest rate	3.20%
Origination date	02-19-2020
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2030-03-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SGFC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$65.6M	01-17-2020	not yet reported
Most recent reported	$65.6M	2020-01-17	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
REGAL CINEMA	65,044	01-31-2027
Hobby Lobby	50,063	12-31-2027
Marshalls	38,000	01-31-2033

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$3.2M
Operating expenses	$1.1M
Net operating income	$2.1M
Net cash flow	$1.8M
DSCR (net cash flow)	2.79
DSCR (net operating income)	3.25
Occupancy	88%
Servicer advances outstanding	$0

Cambridge Commons (and 33 more properties)

Property	Cambridge Commons (and 33 more properties)
Address	4964 Oakhurst Drive; 100 Indian Lake Drive; 302 West General Stewart Way; 1410 Sheridan Drive; 3155 Harshman Drive; 2202 Roseanne Court; 2069 Olivewood Drive; 2760 Cherry Glen Way; 1050 Plumrose Drive; 4542 Kalida Avenue; 701 North Union Road; 8324 Millwheel Drive; 5554 Covert Drive; 2531 Arborview Drive; 4958 Dawn Drive; 1367 Beeler Drive; 1295 Harbins Road; 1 Plaza Drive; 2346 Parkgreen Place; 2230 Applegate Drive; 799 17th Street Northwest; 200 Crane Drive; 3648 Wales Avenue Northwest; 710 Mason Terrace; 6677 Guinevere Drive; 7980 Dunston Drive; 6300 Oakley Road; 604 Hillcrest Parkway; 750 Northern Avenue; 1095 Beech Street; 2015 North McCord Road; 4804 West Bancroft Street; 3714 Bartlett Avenue; 798 Straub Road West; Indianapolis, IN (and 33 more) 46254
Property type	Multifamily
Units, beds or keys	["235", "243", "190", "157", "149", "131", "128", "137", "143", "110", "130", "115", "89", "100", "83", "77", "72", "64", "100", "58", "60", "60", "63", "60", "60", "60", "60", "60", "47", "51", "58", "50", "49", "50"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$20.0M
Current balance	$20.0M (September 2026)
Share of deal balance	1.9%
Interest rate at origination	3.72%
Current interest rate	3.72%
Origination date	10-29-2021
Original term	120 months
Amortization term	360 months
Interest-only period	82 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	BMO
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
Most recent reported	not yet reported	not yet reported	["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"]

Latest financials

Financial period end (latest)	12-31-2025
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

Helios Plaza

Property	Helios Plaza
Address	201 Helios Way; Houston, TX 77079
Property type	Office
Units, beds or keys	0
Net rentable square feet	377,185
Year built	2009
Year last renovated	not yet reported
Original balance	$20.0M
Current balance	$20.0M (September 2026)
Share of deal balance	1.9%
Interest rate at origination	2.90%
Current interest rate	2.90%
Origination date	09-15-2021
Original term	60 months
Amortization term	not yet reported
Interest-only period	60 months
Scheduled maturity	2031-10-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	BMO
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$185.0M	08-18-2021	not yet reported
Most recent reported	$185.0M	2021-08-18	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Amoco Properties Incorporated	377,185	12-15-2031

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

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$14.2M
Operating expenses	$3.0M
Net operating income	$11.2M
Net cash flow	$11.2M
DSCR (net cash flow)	3.22
DSCR (net operating income)	3.22
Occupancy	100%
Servicer advances outstanding	$0

110 120 and 130 Holger Way

Property	110 120 and 130 Holger Way
Address	110 120 and 130 Holger Way; San Jose, CA 95134
Property type	Office
Units, beds or keys	0
Net rentable square feet	603,666
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$20.0M
Current balance	$20.0M (September 2026)
Share of deal balance	1.9%
Interest rate at origination	2.97%
Current interest rate	2.97%
Origination date	07-30-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2034-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$538.0M	07-19-2021	not yet reported
Most recent reported	$538.0M	2021-07-19	MAI

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

Latest financials

Financial period end (latest)	12-31-2025
Revenue	$37.8M
Operating expenses	$11.0M
Net operating income	$26.8M
Net cash flow	$26.7M
DSCR (net cash flow)	2.17
DSCR (net operating income)	2.18
Occupancy	0%
Servicer advances outstanding	$0

Superstition Gateway

Property	Superstition Gateway
Address	1614-1959 S. Signal Butte Road; Mesa, AZ 85209
Property type	Retail
Units, beds or keys	0
Net rentable square feet	495,204
Year built	2007
Year last renovated	not yet reported
Original balance	$20.0M
Current balance	$20.0M (September 2026)
Share of deal balance	1.9%
Interest rate at origination	3.62%
Current interest rate	3.62%
Origination date	09-16-2021
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2031-10-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$112.6M	08-26-2021	not yet reported
Most recent reported	$112.6M	2021-08-26	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
KOHL'S	88,934	01-31-2027
L.A Fitness	45,000	06-30-2034
AMC Theaters	42,280	01-31-2033

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$6.0M
Operating expenses	$1.9M
Net operating income	$4.1M
Net cash flow	$3.8M
DSCR (net cash flow)	2.67
DSCR (net operating income)	2.91
Occupancy	96%
Servicer advances outstanding	$0

Osborne Shopping Center

Property	Osborne Shopping Center
Address	7571-7611 Crain Highway; Upper Marlboro, MD 20772
Property type	Retail
Units, beds or keys	0
Net rentable square feet	100,064
Year built	2014
Year last renovated	not yet reported
Original balance	$19.8M
Current balance	$19.8M (September 2026)
Share of deal balance	1.9%
Interest rate at origination	3.02%
Current interest rate	3.02%
Origination date	10-01-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-10-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$34.5M	09-14-2021	not yet reported
Most recent reported	$34.5M	2021-09-14	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Safeway	55,826	01-31-2035
Planet Fitness AGPMD	11,000	01-31-2038
Popeyes	3,399	07-31-2038

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$2.1M
Operating expenses	$688,875
Net operating income	$1.4M
Net cash flow	$1.4M
DSCR (net cash flow)	4.67
DSCR (net operating income)	4.78
Occupancy	100%
Servicer advances outstanding	$0

Glendale Industrial

Property	Glendale Industrial
Address	2330 Ripple Street 2835 Gilroy Street; Los Angeles, CA 90039
Property type	Industrial
Units, beds or keys	0
Net rentable square feet	129,326
Year built	1935
Year last renovated	2013
Original balance	$20.0M
Current balance	$19.2M (September 2026)
Share of deal balance	1.8%
Interest rate at origination	4.80%
Current interest rate	4.80%
Origination date	10-29-2021
Original term	120 months
Amortization term	360 months
Interest-only period	24 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SMC
Current status	Matured balloon, non-performing
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$37.3M	07-14-2021	not yet reported
Most recent reported	$38.7M	2021-07-14	MAI

Change from securitization to the most recent reported valuation: 3.8%.

Largest tenants

Tenant	Square feet	Lease expiration
Gil & Roy Studios	128,884	10-24-2036

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.8M
Operating expenses	$641,614
Net operating income	$1.2M
Net cash flow	$1.1M
DSCR (net cash flow)	0.91
DSCR (net operating income)	0.92
Occupancy	100%
Servicer advances outstanding	$104,892

Henderson Properties

Property	Henderson Properties
Address	2470-2530 Saint Rose Parkway; Henderson, NV 89074
Property type	Mixed use
Units, beds or keys	0
Net rentable square feet	152,640
Year built	2008
Year last renovated	not yet reported
Original balance	$20.0M
Current balance	$18.5M (September 2026)
Share of deal balance	1.8%
Interest rate at origination	3.50%
Current interest rate	3.50%
Origination date	10-13-2021
Original term	120 months
Amortization term	360 months
Interest-only period	12 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$30.0M	08-26-2021	not yet reported
Most recent reported	$30.0M	2021-08-26	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Elevate Medical Group	2,918	03-31-2026
Law Offices of Jason H. Weinst	2,918	10-31-2027
Trailboss Enterprises Inc.	2,918	08-31-2026

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

Latest financials

Financial period end (latest)	12-31-2025
Revenue	$4.4M
Operating expenses	$1.7M
Net operating income	$2.7M
Net cash flow	$2.5M
DSCR (net cash flow)	2.33
DSCR (net operating income)	2.51
Occupancy	95%
Servicer advances outstanding	$0

FedEx Auburn Hills (and 3 more properties)

Property	FedEx Auburn Hills (and 3 more properties)
Address	4220 N Atlantic Blvd; 6180 Corporate Drive; 100 NE 30th St; 3500 N Santa Fe Ave; Auburn Hills, MI (and 3 more) 48326
Property type	Industrial
Units, beds or keys	["0", "0", "0", "0"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$15.8M
Current balance	$15.8M (September 2026)
Share of deal balance	1.5%
Interest rate at origination	3.96%
Current interest rate	3.96%
Origination date	10-13-2021
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2031-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
Most recent reported	not yet reported	not yet reported	["MAI", "MAI", "MAI", "MAI"]

Largest tenants

Tenant	Square feet	Lease expiration
Fed Ex	not yet reported	["11-30-2026", "10-31-2028", "03-06-2032", "08-31-2029"]

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

Latest financials

Financial period end (latest)	["06-30-2026", "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

Walgreens - 8706 West Hillsborough Avenue (and 5 more properties)

Property	Walgreens - 8706 West Hillsborough Avenue (and 5 more properties)
Address	8706 West Hillsborough Avenue; 6031 Fairburn Road; 176 Finley Road; 18351 East Colfax Avenue; 1340 South 5th Street; 775 North US Highway 27; Tampa, FL (and 5 more) 33615
Property type	Retail
Units, beds or keys	["0", "0", "0", "0", "0", "0"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$4.1M
Current balance	$15.1M (September 2026)
Share of deal balance	1.5%
Interest rate at origination	3.80%
Current interest rate	3.80%
Origination date	10-21-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	BMO
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
Most recent reported	not yet reported	not yet reported	["MAI", "MAI", "MAI", "MAI", "MAI", "MAI"]

Largest tenants

Tenant	Square feet	Lease expiration
Walgreens	not yet reported	["09-30-2033", "01-31-2033", "01-31-2036", "12-31-2029", "12-31-2029", "12-31-2030"]

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

Latest financials

Financial period end (latest)	12-31-2025
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

2233 South Throop Street

Property	2233 South Throop Street
Address	2233 South Throop Street; Chicago, IL 60608
Property type	Industrial
Units, beds or keys	0
Net rentable square feet	428,828
Year built	1926
Year last renovated	not yet reported
Original balance	$15.0M
Current balance	$15.0M (September 2026)
Share of deal balance	1.4%
Interest rate at origination	3.34%
Current interest rate	3.34%
Origination date	09-29-2021
Original term	60 months
Amortization term	not yet reported
Interest-only period	60 months
Scheduled maturity	2026-10-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SMC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$36.5M	08-31-2021	not yet reported
Most recent reported	$36.5M	2021-08-31	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Moishes Mini Storage of Chicago	428,828	09-23-2036
K2Towers	not yet reported	12-31-2026
New Liberty Insurance	not yet reported	12-31-2026

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

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$3.3M
Operating expenses	$1.8M
Net operating income	$1.6M
Net cash flow	$1.3M
DSCR (net cash flow)	2.65
DSCR (net operating income)	3.09
Occupancy	100%
Servicer advances outstanding	$0

1441-1451 Overing Street

Property	1441-1451 Overing Street
Address	1441-1443 and; Bronx, NY 10461
Property type	Multifamily
Units, beds or keys	119
Net rentable square feet	not yet reported
Year built	1922
Year last renovated	not yet reported
Original balance	$15.0M
Current balance	$15.0M (September 2026)
Share of deal balance	1.4%
Interest rate at origination	3.46%
Current interest rate	3.46%
Origination date	10-26-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SGFC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$22.3M	09-13-2021	not yet reported
Most recent reported	$22.3M	2021-09-13	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.9M
Operating expenses	$738,976
Net operating income	$1.2M
Net cash flow	$1.2M
DSCR (net cash flow)	2.23
DSCR (net operating income)	2.29
Occupancy	100%
Servicer advances outstanding	$0

972-974 Saratoga Street (and 12 more properties)

Property	972-974 Saratoga Street (and 12 more properties)
Address	972-974 Saratoga Street; 149-151 Princeton Street; 195 Maverick Street; 126-128 London Street; 16 1/2 Bremen Street; 26 Chelsea Street; 43 Cottage Street; 8 Cheever Court; 44 Morris Street; 127 Eutaw Street; 331 Paris Street; 259 Border Street; 329 Sumner Street; Boston, MA (and 12 more) 02128
Property type	Multifamily
Units, beds or keys	["6", "6", "3", "3", "4", "3", "3", "3", "3", "3", "3", "3", "1"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$2.7M
Current balance	$14.0M (September 2026)
Share of deal balance	1.3%
Interest rate at origination	4.06%
Current interest rate	4.06%
Origination date	10-01-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-10-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SMC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
Most recent reported	not yet reported	not yet reported	["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"]

Latest financials

Financial period end (latest)	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

Fresenius - Brooklyn NY

Property	Fresenius - Brooklyn NY
Address	4001 New Utrecht Ave; Brooklyn, NY 11219
Property type	Office
Units, beds or keys	0
Net rentable square feet	20,105
Year built	2020
Year last renovated	not yet reported
Original balance	$13.5M
Current balance	$13.5M (September 2026)
Share of deal balance	1.3%
Interest rate at origination	3.88%
Current interest rate	3.88%
Origination date	10-05-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$21.3M	05-06-2021	not yet reported
Most recent reported	$21.3M	2021-05-06	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Fresenius Management Services Inc.	20,105	06-30-2039

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$647,163
Operating expenses	$123,418
Net operating income	$523,746
Net cash flow	$522,238
DSCR (net cash flow)	1.97
DSCR (net operating income)	1.97
Occupancy	100%
Servicer advances outstanding	$0

Arbor Square

Property	Arbor Square
Address	9478-9560 Highway 5; Douglasville, GA 30135
Property type	Retail
Units, beds or keys	0
Net rentable square feet	122,763
Year built	1977
Year last renovated	2018
Original balance	$12.8M
Current balance	$12.2M (September 2026)
Share of deal balance	1.2%
Interest rate at origination	3.59%
Current interest rate	3.59%
Origination date	10-28-2021
Original term	120 months
Amortization term	360 months
Interest-only period	24 months
Scheduled maturity	2031-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$18.4M	08-25-2021	not yet reported
Most recent reported	$18.4M	2021-08-25	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Burlington Coat Factory	42,670	02-28-2031
Tile And Stone Express INC.	20,553	02-29-2028
HomeGoods Inc.	19,730	04-30-2028

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$928,606
Operating expenses	$312,618
Net operating income	$615,988
Net cash flow	$563,574
DSCR (net cash flow)	1.61
DSCR (net operating income)	1.76
Occupancy	83%
Servicer advances outstanding	$0

Dollar Self Storage #18

Property	Dollar Self Storage #18
Address	23550 North Lake Pleasant Parkway; Peoria, AZ 85383
Property type	Self storage
Units, beds or keys	101020
Net rentable square feet	not yet reported
Year built	2019
Year last renovated	not yet reported
Original balance	$11.2M
Current balance	$10.1M (September 2026)
Share of deal balance	1.0%
Interest rate at origination	3.08%
Current interest rate	3.08%
Origination date	10-05-2021
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2031-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$23.1M	08-27-2021	not yet reported
Most recent reported	$23.1M	2021-08-27	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$971,232
Operating expenses	$349,868
Net operating income	$621,364
Net cash flow	$616,313
DSCR (net cash flow)	2.14
DSCR (net operating income)	2.16
Occupancy	93%
Servicer advances outstanding	$0

Superstition Gateway

Property	Superstition Gateway
Address	1614-1959 S. Signal Butte Road; Mesa, AZ 85209
Property type	Retail
Units, beds or keys	0
Net rentable square feet	495,204
Year built	2007
Year last renovated	not yet reported
Original balance	$10.0M
Current balance	$10.0M (September 2026)
Share of deal balance	1.0%
Interest rate at origination	3.62%
Current interest rate	3.62%
Origination date	09-16-2021
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2031-10-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$112.6M	08-26-2021	not yet reported
Most recent reported	$112.6M	2021-08-26	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
KOHL'S	88,934	01-31-2027
L.A Fitness	45,000	06-30-2034
AMC Theaters	42,280	01-31-2033

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$6.0M
Operating expenses	$1.9M
Net operating income	$4.1M
Net cash flow	$3.8M
DSCR (net cash flow)	2.67
DSCR (net operating income)	2.91
Occupancy	96%
Servicer advances outstanding	$0

Tiger Point Pavilion (and 4 more properties)

Property	Tiger Point Pavilion (and 4 more properties)
Address	1430 Tiger Park Lane; 2860 Lakeshore Parkway; 14650 Snow Road; 1280 OH-303; 1550 Main Street; Gulf Breeze, FL (and 4 more) 32563
Property type	Retail
Units, beds or keys	["0", "0", "0", "0", "0"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$3.7M
Current balance	$9.6M (September 2026)
Share of deal balance	0.9%
Interest rate at origination	3.27%
Current interest rate	3.27%
Origination date	09-24-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-10-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
Most recent reported	not yet reported	not yet reported	["MAI", "MAI", "MAI", "MAI", "MAI"]

Largest tenants

Tenant	Square feet	Lease expiration
Aspen Dental Management	not yet reported	["09-30-2028", "10-31-2039", "07-31-2033", "11-30-2030", "04-30-2034"]
Taco Mama	not yet reported	["02-28-2034", "12-31-2030", "01-31-2033", "02-28-2029", "11-30-2028"]
Gulf Breeze Physical	not yet reported	["10-31-2026", "02-28-2030", "02-28-2029", "11-30-2026", "12-31-2034"]

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

Latest financials

Financial period end (latest)	["06-30-2026", "12-31-2025", "12-31-2025", "12-31-2025", "12-31-2025"]
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

Residence Inn Marriott - Boca Raton

Property	Residence Inn Marriott - Boca Raton
Address	525 NW 77th St; Boca Raton, FL 33487
Property type	Lodging
Units, beds or keys	120
Net rentable square feet	not yet reported
Year built	1988
Year last renovated	not yet reported
Original balance	$10.4M
Current balance	$9.3M (August 2025)
Share of deal balance	not yet reported
Interest rate at origination	4.20%
Current interest rate	4.20%
Origination date	02-06-2020
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2030-03-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$14.8M	12-30-2019	not yet reported
Most recent reported	$14.8M	2019-12-30	MAI

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

Latest financials

Financial period end (latest)	03-31-2025
Revenue	$4.1M
Operating expenses	$3.6M
Net operating income	$426,384
Net cash flow	$263,499
DSCR (net cash flow)	0.43
DSCR (net operating income)	0.70
Occupancy	74%
Servicer advances outstanding	$0

Vista Commons

Property	Vista Commons
Address	2728 Commonwealth Avenue; Charlotte, NC 28205
Property type	Multifamily
Units, beds or keys	132
Net rentable square feet	not yet reported
Year built	1986
Year last renovated	not yet reported
Original balance	$9.0M
Current balance	$9.0M (September 2026)
Share of deal balance	0.9%
Interest rate at origination	3.64%
Current interest rate	3.64%
Origination date	10-26-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$15.4M	09-02-2021	not yet reported
Most recent reported	$15.4M	2021-09-02	MAI

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

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$1.7M
Operating expenses	$681,955
Net operating income	$1.0M
Net cash flow	$979,924
DSCR (net cash flow)	2.95
DSCR (net operating income)	3.05
Occupancy	86%
Servicer advances outstanding	$0

F&N Shopping Village

Property	F&N Shopping Village
Address	2080 Naamans Road; Wilmington, DE 19810
Property type	Retail
Units, beds or keys	0
Net rentable square feet	87,530
Year built	1955
Year last renovated	2021
Original balance	$9.5M
Current balance	$9.0M (September 2026)
Share of deal balance	0.9%
Interest rate at origination	3.66%
Current interest rate	3.66%
Origination date	10-15-2021
Original term	120 months
Amortization term	360 months
Interest-only period	24 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$14.1M	08-10-2021	not yet reported
Most recent reported	$14.1M	2021-08-10	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
F&N Wine and Spirits Inc. (34	8,000	04-30-2033
Grand East Buffet & Sushi (340	4,000	11-30-2027
Vuong Thanh Pham (3405lavi)	3,000	06-30-2029

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$718,253
Operating expenses	$248,337
Net operating income	$469,917
Net cash flow	$426,061
DSCR (net cash flow)	1.63
DSCR (net operating income)	1.80
Occupancy	26%
Servicer advances outstanding	$0

RedHawk MOB

Property	RedHawk MOB
Address	44274 George Cushman Court; Temecula, CA 92592
Property type	Office
Units, beds or keys	0
Net rentable square feet	32,471
Year built	2003
Year last renovated	not yet reported
Original balance	$8.6M
Current balance	$8.6M (September 2026)
Share of deal balance	0.8%
Interest rate at origination	3.70%
Current interest rate	3.70%
Origination date	10-20-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	BMO
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$14.4M	09-09-2021	not yet reported
Most recent reported	$14.4M	2021-09-09	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
City of Hope	6,380	04-13-2029
Pediatric Partners	4,810	10-31-2026
Trinity Medical Center	3,235	10-31-2026

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.3M
Operating expenses	$416,162
Net operating income	$867,609
Net cash flow	$867,609
DSCR (net cash flow)	2.68
DSCR (net operating income)	2.68
Occupancy	94%
Servicer advances outstanding	$0

My Self Storage Space - Spring Valley

Property	My Self Storage Space - Spring Valley
Address	9545 West Russell Road; Spring Valley, NV 89148
Property type	Self storage
Units, beds or keys	71158
Net rentable square feet	not yet reported
Year built	2004
Year last renovated	not yet reported
Original balance	$8.3M
Current balance	$8.3M (September 2026)
Share of deal balance	0.8%
Interest rate at origination	3.29%
Current interest rate	3.29%
Origination date	10-01-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-10-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$14.3M	08-27-2021	not yet reported
Most recent reported	$14.3M	2021-08-27	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$508,660
Operating expenses	$196,751
Net operating income	$311,909
Net cash flow	$308,017
DSCR (net cash flow)	2.22
DSCR (net operating income)	2.25
Occupancy	89%
Servicer advances outstanding	$0

Hampton Inn Altoona Des Moines

Property	Hampton Inn Altoona Des Moines
Address	215 Adventureland Drive Northwest; Altoona, IA 50009
Property type	Lodging
Units, beds or keys	90
Net rentable square feet	not yet reported
Year built	2017
Year last renovated	not yet reported
Original balance	$9.2M
Current balance	$8.1M (September 2026)
Share of deal balance	0.8%
Interest rate at origination	3.82%
Current interest rate	3.82%
Origination date	03-02-2020
Original term	120 months
Amortization term	360 months
Interest-only period	6 months
Scheduled maturity	2030-04-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SGFC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$14.1M	02-10-2020	not yet reported
Most recent reported	$14.1M	2020-02-10	MAI

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

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$2.8M
Operating expenses	$1.9M
Net operating income	$915,483
Net cash flow	$803,796
DSCR (net cash flow)	1.56
DSCR (net operating income)	1.78
Occupancy	50%
Servicer advances outstanding	$0

2705 Quality Lane

Property	2705 Quality Lane
Address	2705 Quality Lane; Brownsville, TX 78526
Property type	Industrial
Units, beds or keys	0
Net rentable square feet	300,241
Year built	1998
Year last renovated	not yet reported
Original balance	$8.0M
Current balance	$8.0M (September 2026)
Share of deal balance	0.8%
Interest rate at origination	3.62%
Current interest rate	3.62%
Origination date	10-19-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	Matured balloon, non-performing
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$16.2M	07-07-2021	not yet reported
Most recent reported	$16.2M	2021-07-07	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Trico Products Corporation	150,017	03-14-2030
Easy Way Leisure Corporation	93,572	09-30-2028

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

Latest financials

Financial period end (latest)	12-31-2025
Revenue	$2.1M
Operating expenses	$562,341
Net operating income	$1.5M
Net cash flow	$1.4M
DSCR (net cash flow)	4.67
DSCR (net operating income)	5.15
Occupancy	81%
Servicer advances outstanding	$24,921

Fort Storage - Milton FL

Property	Fort Storage - Milton FL
Address	4114 Avalon Boulevard; Milton, FL 32583
Property type	Self storage
Units, beds or keys	100105
Net rentable square feet	not yet reported
Year built	2006
Year last renovated	2018
Original balance	$8.0M
Current balance	$8.0M (September 2026)
Share of deal balance	0.8%
Interest rate at origination	4.42%
Current interest rate	4.42%
Origination date	10-26-2021
Original term	60 months
Amortization term	not yet reported
Interest-only period	60 months
Scheduled maturity	2026-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$15.9M	08-02-2021	not yet reported
Most recent reported	$15.9M	2021-08-02	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.1M
Operating expenses	$483,365
Net operating income	$615,729
Net cash flow	$605,718
DSCR (net cash flow)	1.69
DSCR (net operating income)	1.72
Occupancy	77%
Servicer advances outstanding	$0

Integer Medical Manufacturing Facility

Property	Integer Medical Manufacturing Facility
Address	395 S Industrial Blvd; Trenton, GA 30752
Property type	Industrial
Units, beds or keys	0
Net rentable square feet	60,000
Year built	1987
Year last renovated	2016
Original balance	$7.4M
Current balance	$7.4M (September 2026)
Share of deal balance	0.7%
Interest rate at origination	4.60%
Current interest rate	4.60%
Origination date	10-01-2021
Original term	60 months
Amortization term	not yet reported
Interest-only period	60 months
Scheduled maturity	2026-10-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$12.4M	04-14-2021	not yet reported
Most recent reported	$12.4M	2021-04-14	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Accellent Inc	60,000	03-31-2031

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$442,029
Operating expenses	$82,321
Net operating income	$359,708
Net cash flow	$333,806
DSCR (net cash flow)	1.94
DSCR (net operating income)	2.09
Occupancy	100%
Servicer advances outstanding	$0

1400 E 57th

Property	1400 E 57th
Address	1400 East 57th Street; Chicago, IL 60637
Property type	Multifamily
Units, beds or keys	24
Net rentable square feet	not yet reported
Year built	1976
Year last renovated	not yet reported
Original balance	$7.0M
Current balance	$7.0M (September 2026)
Share of deal balance	0.7%
Interest rate at origination	3.84%
Current interest rate	3.84%
Origination date	10-22-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	BMO
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$11.1M	07-28-2021	not yet reported
Most recent reported	$11.1M	2021-07-28	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$597,143
Operating expenses	$268,068
Net operating income	$329,075
Net cash flow	$324,983
DSCR (net cash flow)	2.39
DSCR (net operating income)	2.42
Occupancy	75%
Servicer advances outstanding	$0

2535-2537 Grand Concourse

Property	2535-2537 Grand Concourse
Address	2535-2537 Grand Concourse; Bronx, NY 10468
Property type	Multifamily
Units, beds or keys	40
Net rentable square feet	not yet reported
Year built	1922
Year last renovated	not yet reported
Original balance	$7.0M
Current balance	$7.0M (September 2026)
Share of deal balance	0.7%
Interest rate at origination	3.73%
Current interest rate	3.73%
Origination date	10-26-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SGFC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$10.0M	09-13-2021	not yet reported
Most recent reported	$10.0M	2021-09-13	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	$571,080
Net operating income	$603,117
Net cash flow	$587,429
DSCR (net cash flow)	2.22
DSCR (net operating income)	2.28
Occupancy	95%
Servicer advances outstanding	$0

South Dade Canal

Property	South Dade Canal
Address	10890 Quail Roost Drive; Cutler Bay, FL 33157
Property type	Industrial
Units, beds or keys	0
Net rentable square feet	86,668
Year built	1980
Year last renovated	not yet reported
Original balance	$6.7M
Current balance	$6.7M (September 2026)
Share of deal balance	0.6%
Interest rate at origination	3.89%
Current interest rate	3.89%
Origination date	10-18-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SMC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$12.2M	08-17-2021	not yet reported
Most recent reported	$12.2M	2021-08-17	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
LUMAR SHOE WAREHOUSE IN	5,050	05-31-2019
LRKN APPLIANCE LLC	3,650	03-31-2025
La Antillana Stores Inc.	3,650	10-31-2022

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$828,469
Operating expenses	$268,767
Net operating income	$559,703
Net cash flow	$542,369
DSCR (net cash flow)	4.12
DSCR (net operating income)	4.25
Occupancy	100%
Servicer advances outstanding	$0

Westchester I Office

Property	Westchester I Office
Address	15871 City View Drive; Midlothian, VA 23113
Property type	Office
Units, beds or keys	0
Net rentable square feet	57,134
Year built	2008
Year last renovated	not yet reported
Original balance	$7.2M
Current balance	$6.5M (September 2026)
Share of deal balance	0.6%
Interest rate at origination	3.69%
Current interest rate	3.69%
Origination date	10-22-2021
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SMC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$11.2M	09-13-2021	not yet reported
Most recent reported	$11.2M	2021-09-13	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Balzer & Associates	12,480	12-31-2028
Main Street Homes	10,929	12-31-2031
KW Metro Center	8,308	09-30-2026

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$672,035
Operating expenses	$223,762
Net operating income	$448,273
Net cash flow	$414,564
DSCR (net cash flow)	2.09
DSCR (net operating income)	2.26
Occupancy	91%
Servicer advances outstanding	$0

Fleming Island Medical Plaza

Property	Fleming Island Medical Plaza
Address	1675-1689 Eagle Harbor Parkway; Fleming Island, FL 32003
Property type	Office
Units, beds or keys	0
Net rentable square feet	46,482
Year built	2003
Year last renovated	not yet reported
Original balance	$6.2M
Current balance	$6.2M (September 2026)
Share of deal balance	0.6%
Interest rate at origination	3.41%
Current interest rate	3.41%
Origination date	09-23-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-10-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$10.1M	08-13-2021	not yet reported
Most recent reported	$10.1M	2021-08-13	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Physician's Group Services PA	7,037	07-31-2033
CTVSA Management LLC	4,620	02-28-2035
Flourish Research Acquisition LLC	4,596	09-30-2030

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.1M
Operating expenses	$424,322
Net operating income	$683,917
Net cash flow	$598,039
DSCR (net cash flow)	2.79
DSCR (net operating income)	3.19
Occupancy	70%
Servicer advances outstanding	$0

1700 Second Street (and 3 more properties)

Property	1700 Second Street (and 3 more properties)
Address	1700 Second Street; 652 North 52nd Avenue; 1835 South Black Canyon Highway; 4120 North 38th Drive; Webster City, IA (and 3 more) 50595
Property type	Industrial
Units, beds or keys	["0", "0", "0", "0"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$2.6M
Current balance	$6.1M (September 2026)
Share of deal balance	0.6%
Interest rate at origination	3.55%
Current interest rate	3.55%
Origination date	10-22-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	Matured balloon, non-performing
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
Most recent reported	not yet reported	not yet reported	["MAI", "MAI", "MAI", "MAI"]

Largest tenants

Tenant	Square feet	Lease expiration
Textrail Trailer Parts	not yet reported	["09-29-2028", "05-31-2028", "04-30-2031"]

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

Latest financials

Financial period end (latest)	["12-31-2025", "09-30-2022"]
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	$18,282

Sebastian Canal

Property	Sebastian Canal
Address	2720 Forsyth Road; Winter Park, FL 32792
Property type	Industrial
Units, beds or keys	0
Net rentable square feet	81,175
Year built	1962
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	3.87%
Current interest rate	3.87%
Origination date	09-30-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-10-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SMC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$10.6M	08-11-2021	not yet reported
Most recent reported	$10.6M	2021-08-11	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
MARTIN ROOFING SERVICES	17,952	07-31-2016
Lukes Outlet Liquidation Inc	3,374	08-31-2021
Cabinet System	3,275	07-31-2016

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$582,208
Operating expenses	$180,664
Net operating income	$401,544
Net cash flow	$389,367
DSCR (net cash flow)	3.43
DSCR (net operating income)	3.54
Occupancy	96%
Servicer advances outstanding	$0

Big Al's Canal

Property	Big Al's Canal
Address	18625-18789 Southwest 105th Avenue; Miami, FL 33157
Property type	Industrial
Units, beds or keys	0
Net rentable square feet	79,200
Year built	1974
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	3.85%
Current interest rate	3.85%
Origination date	09-28-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-10-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SMC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$10.6M	08-17-2021	not yet reported
Most recent reported	$10.6M	2021-08-17	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Elite PVC LLC	6,643	04-30-2024
Florida Aluminum systems	4,950	12-31-2026
GDT tramission parts inc	3,300	04-30-2020

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$705,616
Operating expenses	$240,060
Net operating income	$465,557
Net cash flow	$453,677
DSCR (net cash flow)	4.02
DSCR (net operating income)	4.12
Occupancy	98%
Servicer advances outstanding	$0

3800-3810 East Coast Highway

Property	3800-3810 East Coast Highway
Address	3800-3810 East Coast Highway; Corona Del Mar, CA 92625
Property type	Mixed use
Units, beds or keys	0
Net rentable square feet	11,081
Year built	1960
Year last renovated	not yet reported
Original balance	$5.5M
Current balance	$5.5M (September 2026)
Share of deal balance	0.5%
Interest rate at origination	3.97%
Current interest rate	3.97%
Origination date	10-15-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SMC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$11.8M	09-02-2021	not yet reported
Most recent reported	$11.8M	2021-09-02	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Facial Lounge	1,287	10-31-2026
Sol Pilates	1,250	07-01-2026
Sunrise Tae Kwon Do	1,250	02-28-2029

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

Latest financials

Financial period end (latest)	12-31-2025
Revenue	$985,181
Operating expenses	$221,000
Net operating income	$764,181
Net cash flow	$750,884
DSCR (net cash flow)	3.39
DSCR (net operating income)	3.45
Occupancy	100%
Servicer advances outstanding	$0

Stephenson Medical Office Park

Property	Stephenson Medical Office Park
Address	613-617 Stephenson Avenue; Savannah, GA 31405
Property type	Office
Units, beds or keys	0
Net rentable square feet	29,822
Year built	2003
Year last renovated	2007
Original balance	$5.4M
Current balance	$5.4M (September 2026)
Share of deal balance	0.5%
Interest rate at origination	3.84%
Current interest rate	3.84%
Origination date	10-22-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$8.6M	09-02-2021	not yet reported
Most recent reported	$8.6M	2021-09-02	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Consultants in Pain Medicine	5,880	05-31-2031
Jubilant Draximage	3,300	03-31-2028
American Oncology Partners	3,283	08-31-2026

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$523,657
Operating expenses	$184,225
Net operating income	$339,433
Net cash flow	$322,490
DSCR (net cash flow)	3.08
DSCR (net operating income)	3.24
Occupancy	100%
Servicer advances outstanding	$0

DaVita Data Center

Property	DaVita Data Center
Address	1441 Court A; Tacoma, WA 98402
Property type	Industrial
Units, beds or keys	0
Net rentable square feet	18,732
Year built	1923
Year last renovated	not yet reported
Original balance	$4.9M
Current balance	$4.9M (September 2026)
Share of deal balance	0.5%
Interest rate at origination	3.54%
Current interest rate	3.54%
Origination date	09-14-2021
Original term	84 months
Amortization term	not yet reported
Interest-only period	84 months
Scheduled maturity	2028-10-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$9.3M	07-22-2021	not yet reported
Most recent reported	$9.3M	2021-07-22	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
DaVita Inc.	18,732	11-30-2032

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$318,618
Operating expenses	$51,357
Net operating income	$267,261
Net cash flow	$252,580
DSCR (net cash flow)	2.88
DSCR (net operating income)	3.04
Occupancy	100%
Servicer advances outstanding	$0

Mini U Storage - Motor City

Property	Mini U Storage - Motor City
Address	910 914 & 916 Motor City Drive; Colorado Springs, CO 80905
Property type	Self storage
Units, beds or keys	114778
Net rentable square feet	not yet reported
Year built	1974
Year last renovated	not yet reported
Original balance	$4.8M
Current balance	$4.8M (September 2026)
Share of deal balance	0.5%
Interest rate at origination	3.24%
Current interest rate	3.24%
Origination date	10-27-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$12.4M	09-02-2021	not yet reported
Most recent reported	$12.4M	2021-09-02	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$557,186
Operating expenses	$285,928
Net operating income	$271,258
Net cash flow	$265,258
DSCR (net cash flow)	3.37
DSCR (net operating income)	3.44
Occupancy	85%
Servicer advances outstanding	$0

Independence Square

Property	Independence Square
Address	7692-7800 South Redwood Road; West Jordan, UT 84084
Property type	Retail
Units, beds or keys	0
Net rentable square feet	93,823
Year built	1970
Year last renovated	not yet reported
Original balance	$4.6M
Current balance	$4.2M (September 2026)
Share of deal balance	0.4%
Interest rate at origination	4.05%
Current interest rate	4.05%
Origination date	10-28-2021
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$12.0M	08-26-2021	not yet reported
Most recent reported	$12.0M	2021-08-26	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
All Star Elite	53,760	08-31-2028
Walgreens	15,120	05-31-2061
Emily's Reception Hall	3,300	11-30-2031

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$509,487
Operating expenses	$160,246
Net operating income	$349,241
Net cash flow	$290,190
DSCR (net cash flow)	2.19
DSCR (net operating income)	2.63
Occupancy	86%
Servicer advances outstanding	$0

Golden Key Storage

Property	Golden Key Storage
Address	118 Jefferson St &; Monticello, NY 12701
Property type	Self storage
Units, beds or keys	56400
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$4.0M
Current balance	$4.0M (September 2026)
Share of deal balance	0.4%
Interest rate at origination	3.35%
Current interest rate	3.35%
Origination date	09-24-2021
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2031-10-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$7.8M	07-29-2021	not yet reported
Most recent reported	$7.8M	2021-07-29	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$938,046
Operating expenses	$464,494
Net operating income	$473,552
Net cash flow	$466,776
DSCR (net cash flow)	3.44
DSCR (net operating income)	3.49
Occupancy	81%
Servicer advances outstanding	$0

Cameron Ashley Syracuse (and 2 more properties)

Property	Cameron Ashley Syracuse (and 2 more properties)
Address	200 Midler Park Drive; 2824 Cameron Street; 3401 Eddie Williams Avenue; Syracuse, NY (and 2 more) 13206
Property type	Industrial
Units, beds or keys	["0", "0", "0"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	2021
Original balance	$2.5M
Current balance	$3.6M (September 2026)
Share of deal balance	0.3%
Interest rate at origination	4.22%
Current interest rate	4.22%
Origination date	10-25-2021
Original term	120 months
Amortization term	240 months
Interest-only period	not yet reported
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	SMC
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
Most recent reported	not yet reported	not yet reported	["MAI", "MAI", "MAI"]

Largest tenants

Tenant	Square feet	Lease expiration
Cameron Ashley	not yet reported	["10-20-2036", "10-20-2036", "10-20-2036"]

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

Latest financials

Financial period end (latest)	12-31-2025
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

Arovista Self Storage

Property	Arovista Self Storage
Address	270 Arovista Avenue; Brea, CA 92821
Property type	Self storage
Units, beds or keys	55333
Net rentable square feet	not yet reported
Year built	1984
Year last renovated	not yet reported
Original balance	$3.5M
Current balance	$3.5M (September 2026)
Share of deal balance	0.3%
Interest rate at origination	3.31%
Current interest rate	3.31%
Origination date	10-26-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	Barclays
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$14.4M	09-28-2021	not yet reported
Most recent reported	$14.4M	2021-09-28	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	$376,231
Net operating income	$809,157
Net cash flow	$798,644
DSCR (net cash flow)	6.81
DSCR (net operating income)	6.90
Occupancy	80%
Servicer advances outstanding	$0

Palmdale MHC (and 1 more properties)

Property	Palmdale MHC (and 1 more properties)
Address	8 Skyview Dr; 120 Brownstone Park; Hershey, PA (and 1 more) 17033
Property type	Manufactured housing
Units, beds or keys	["49", "43"]
Net rentable square feet	not yet reported
Year built	not yet reported
Year last renovated	not yet reported
Original balance	$3.1M
Current balance	$3.1M (September 2026)
Share of deal balance	0.3%
Interest rate at origination	3.88%
Current interest rate	3.88%
Origination date	10-05-2021
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2031-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
Most recent reported	not yet reported	not yet reported	["MAI", "MAI"]

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

Tractor Supply - Warrenton OR

Property	Tractor Supply - Warrenton OR
Address	1123 Oregon Coast Hwy; Warrenton, OR 97146
Property type	Retail
Units, beds or keys	0
Net rentable square feet	19,097
Year built	2020
Year last renovated	not yet reported
Original balance	$2.8M
Current balance	$2.8M (September 2026)
Share of deal balance	0.3%
Interest rate at origination	3.95%
Current interest rate	3.95%
Origination date	10-29-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$6.7M	09-23-2021	not yet reported
Most recent reported	$6.7M	2021-09-23	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Tractor Supply Co	19,097	07-30-2035

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

Latest financials

Financial period end (latest)	12-31-2025
Revenue	$340,958
Operating expenses	$39,206
Net operating income	$301,753
Net cash flow	$297,934
DSCR (net cash flow)	2.71
DSCR (net operating income)	2.74
Occupancy	100%
Servicer advances outstanding	$0

Mini U Storage - Thornton

Property	Mini U Storage - Thornton
Address	10350 Washington Street; Thornton, CO 80229
Property type	Self storage
Units, beds or keys	48250
Net rentable square feet	not yet reported
Year built	1985
Year last renovated	not yet reported
Original balance	$2.4M
Current balance	$2.4M (September 2026)
Share of deal balance	0.2%
Interest rate at origination	3.32%
Current interest rate	3.32%
Origination date	10-27-2021
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2031-11-01
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	KeyBank Real Estate Capital
Loan servicer	not yet reported
Originator	KeyBank
Current status	not yet reported
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$6.0M	09-08-2021	not yet reported
Most recent reported	$6.0M	2021-09-08	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$350,433
Operating expenses	$273,294
Net operating income	$77,139
Net cash flow	$74,727
DSCR (net cash flow)	1.89
DSCR (net operating income)	1.96
Occupancy	85%
Servicer advances outstanding	$0