MSWF Commercial Mortgage Trust 2023-1: loan annex

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

← MSWF Commercial Mortgage Trust 2023-1 · CMBS market

Detail sections for the 26 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.

METROPLEX

Property	METROPLEX
Address	3530 WILSHIRE BOULEVARD; Los Angeles, CA 90010
Property type	Office
Units, beds or keys	not yet reported
Net rentable square feet	419,804
Year built	1985
Year last renovated	2020
Original balance	$24.0M
Current balance	$24.0M (September 2026)
Share of deal balance	3.6%
Interest rate at origination	6.72%
Current interest rate	6.72%
Origination date	01-06-2023
Original term	60 months
Amortization term	not yet reported
Interest-only period	60 months
Scheduled maturity	2028-01-06
Prepayment lockout end	02-05-2024
Yield maintenance end	09-05-2027
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	AREF 2
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$104.0M	10-10-2022	MAI
Most recent reported	$104.0M	2022-10-10	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
County of Los Angeles	66,644	02-03-2028
New York Life Insurance Company	24,462	06-30-2030
Carter Residential LLC	11,418	09-30-2026

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

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$2.4M
Operating expenses	$918,874
Net operating income	$1.5M
Net cash flow	$1.4M
DSCR (net cash flow)	1.55
DSCR (net operating income)	1.66
Occupancy	64%
Servicer advances outstanding	$0

MUSEUM TOWER

Property	MUSEUM TOWER
Address	150 WEST FLAGLER STREET; Miami, FL 33130
Property type	Office
Units, beds or keys	not yet reported
Net rentable square feet	241,192
Year built	1983
Year last renovated	not yet reported
Original balance	$30.0M
Current balance	$20.0M (September 2026)
Share of deal balance	3.0%
Interest rate at origination	6.55%
Current interest rate	6.55%
Origination date	04-17-2023
Original term	60 months
Amortization term	not yet reported
Interest-only period	60 months
Scheduled maturity	2028-05-06
Prepayment lockout end	12-05-2027
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	SMC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$76.0M	02-03-2023	MAI
Most recent reported	$76.0M	2023-02-03	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Stearns Weaver Miller Weissler Alhadeff & Sitt	96,762	09-30-2027
Mana Miami Management LLC	39,003	04-30-2038
Federal Public Defenders (GSA)	28,765	03-07-2037

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

Latest financials

Financial period end (latest)	12-31-2025
Revenue	$9.3M
Operating expenses	$4.2M
Net operating income	$5.2M
Net cash flow	$4.9M
DSCR (net cash flow)	1.57
DSCR (net operating income)	1.66
Occupancy	91%
Servicer advances outstanding	$0

HERITAGE PLAZA

Property	HERITAGE PLAZA
Address	1111 & 1200 BAGBY STREET; Houston, TX 77002
Property type	Office
Units, beds or keys	not yet reported
Net rentable square feet	1,158,165
Year built	1986
Year last renovated	2021
Original balance	$20.0M
Current balance	$20.0M (September 2026)
Share of deal balance	3.0%
Interest rate at origination	7.63%
Current interest rate	7.63%
Origination date	04-13-2023
Original term	60 months
Amortization term	not yet reported
Interest-only period	60 months
Scheduled maturity	2028-05-06
Prepayment lockout end	not yet reported
Yield maintenance end	11-05-2027
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	MSBNA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$521.8M	02-01-2023	MAI
Most recent reported	$521.8M	2023-02-01	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
EOG Resources Inc.	435,882	03-31-2035
Deloitte & Touche USA LLP	201,206	02-28-2031
Perella Weinberg Partners Group LP	62,632	01-31-2041

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$23.2M
Operating expenses	$9.0M
Net operating income	$14.1M
Net cash flow	$13.5M
DSCR (net cash flow)	2.04
DSCR (net operating income)	2.13
Occupancy	78%
Servicer advances outstanding	$0

RENAISSANCE CHARLOTTE SOUTHPARK HOTEL

Property	RENAISSANCE CHARLOTTE SOUTHPARK HOTEL
Address	5501 CARNEGIE BOULEVARD; Charlotte, NC 28209
Property type	Lodging
Units, beds or keys	264
Net rentable square feet	not yet reported
Year built	1989
Year last renovated	2019
Original balance	$20.5M
Current balance	$19.8M (September 2026)
Share of deal balance	3.0%
Interest rate at origination	6.53%
Current interest rate	6.53%
Origination date	04-25-2023
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2033-05-11
Prepayment lockout end	02-10-2033
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	WFB
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$48.0M	03-09-2023	MAI
Most recent reported	$48.0M	2023-03-09	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$13.3M
Operating expenses	$10.8M
Net operating income	$2.5M
Net cash flow	$1.8M
DSCR (net cash flow)	1.16
DSCR (net operating income)	1.58
Occupancy	57%
Servicer advances outstanding	$0

STAYBRIDGE SUITES HILLSBORO - ORENCO STATION

Property	STAYBRIDGE SUITES HILLSBORO - ORENCO STATION
Address	7715 NORTHEAST CHERRY DRIVE; Hillsboro, OR 97124
Property type	Lodging
Units, beds or keys	80
Net rentable square feet	not yet reported
Year built	2020
Year last renovated	not yet reported
Original balance	$17.0M
Current balance	$16.8M (September 2026)
Share of deal balance	2.5%
Interest rate at origination	7.20%
Current interest rate	7.20%
Origination date	04-13-2023
Original term	120 months
Amortization term	360 months
Interest-only period	24 months
Scheduled maturity	2033-05-06
Prepayment lockout end	02-05-2033
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	LMF
Current status	Matured balloon, non-performing
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$28.1M	03-27-2023	MAI
Most recent reported	$28.1M	2023-03-27	MAI

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

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$3.1M
Operating expenses	$1.8M
Net operating income	$1.3M
Net cash flow	$1.1M
DSCR (net cash flow)	0.83
DSCR (net operating income)	0.92
Occupancy	65%
Servicer advances outstanding	$115,322

PACIFIC DESIGN CENTER

Property	PACIFIC DESIGN CENTER
Address	8687 AND 8661 MELROSE AVENUE AND 700 NORTH SAN VICENTE BOULEVARD; West Hollywood, CA 90069
Property type	Mixed use
Units, beds or keys	not yet reported
Net rentable square feet	1,053,217
Year built	1975
Year last renovated	2004
Original balance	$35.0M
Current balance	$15.0M (September 2026)
Share of deal balance	2.3%
Interest rate at origination	5.94%
Current interest rate	5.94%
Origination date	01-11-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2033-02-06
Prepayment lockout end	08-05-2032
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	GS
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$512.5M	11-17-2022	MAI
Most recent reported	$512.5M	2022-11-17	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
CEDARS SINAI MEDICAL CENTER	259,653	05-31-2030
8687 MELROSE GREENTENANT	54,630	02-28-2034
PLUTO, INC.	35,850	11-30-2028

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

Latest financials

Financial period end (latest)	12-31-2025
Revenue	$39.4M
Operating expenses	$14.2M
Net operating income	$25.1M
Net cash flow	$23.4M
DSCR (net cash flow)	1.59
DSCR (net operating income)	1.70
Occupancy	77%
Servicer advances outstanding	$0

CORNERSTONE MARKETPLACE

Property	CORNERSTONE MARKETPLACE
Address	100-450 CORNERSTONE BOULEVARD; Hot Springs, AR 71913
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	142,322
Year built	1998
Year last renovated	not yet reported
Original balance	$14.0M
Current balance	$14.0M (September 2026)
Share of deal balance	2.1%
Interest rate at origination	6.80%
Current interest rate	6.80%
Origination date	04-27-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2033-05-06
Prepayment lockout end	06-05-2025
Yield maintenance end	01-05-2033
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	SMC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$28.0M	04-07-2023	MAI
Most recent reported	$28.0M	2023-04-07	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Sportsman's Warehouse	28,088	12-19-2032
T J Maxx	28,000	01-31-2034
Office Depot	25,000	12-31-2029

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.2M
Operating expenses	$309,249
Net operating income	$866,230
Net cash flow	$795,069
DSCR (net cash flow)	1.65
DSCR (net operating income)	1.80
Occupancy	100%
Servicer advances outstanding	$0

PECAN PLACE APARTMENTS

Property	PECAN PLACE APARTMENTS
Address	2001 JENKINS ROAD; Pasadena, TX 77506
Property type	Multifamily
Units, beds or keys	252
Net rentable square feet	not yet reported
Year built	1969
Year last renovated	not yet reported
Original balance	$13.5M
Current balance	$13.3M (September 2026)
Share of deal balance	2.0%
Interest rate at origination	6.59%
Current interest rate	6.59%
Origination date	04-06-2023
Original term	120 months
Amortization term	360 months
Interest-only period	24 months
Scheduled maturity	2033-04-06
Prepayment lockout end	05-05-2025
Yield maintenance end	01-05-2033
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	SMC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$21.5M	03-01-2023	MAI
Most recent reported	$21.5M	2023-03-01	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	$499,986
Net operating income	$694,787
Net cash flow	$663,287
DSCR (net cash flow)	1.28
DSCR (net operating income)	1.34
Occupancy	83%
Servicer advances outstanding	$0

WATCHFIRE SLB

Property	WATCHFIRE SLB
Address	1015 MAPLE STREET; Danville, IL 61832
Property type	Industrial
Units, beds or keys	not yet reported
Net rentable square feet	200,000
Year built	1932
Year last renovated	2012
Original balance	$12.5M
Current balance	$12.5M (September 2026)
Share of deal balance	1.9%
Interest rate at origination	5.85%
Current interest rate	5.85%
Origination date	03-29-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2033-04-01
Prepayment lockout end	02-28-2025
Yield maintenance end	11-30-2032
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	MSBNA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$20.0M	02-20-2023	MAI
Most recent reported	$20.0M	2023-02-20	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
WATCHFIRE SIGNS LLC	200,000	12-31-2042

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

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$396,114
Operating expenses	$65,488
Net operating income	$330,626
Net cash flow	$310,592
DSCR (net cash flow)	1.70
DSCR (net operating income)	1.80
Occupancy	100%
Servicer advances outstanding	$0

3800 HORIZON BLVD

Property	3800 HORIZON BLVD
Address	3800 HORIZON BOULEVARD; Feasterville-Trevose, PA 19053
Property type	Office
Units, beds or keys	not yet reported
Net rentable square feet	214,750
Year built	2009
Year last renovated	not yet reported
Original balance	$22.0M
Current balance	$11.8M (September 2026)
Share of deal balance	1.8%
Interest rate at origination	6.99%
Current interest rate	6.99%
Origination date	03-27-2023
Original term	120 months
Amortization term	360 months
Interest-only period	24 months
Scheduled maturity	2033-04-06
Prepayment lockout end	01-05-2033
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	AREF 2
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$45.0M	03-03-2023	MAI
Most recent reported	$45.0M	2023-03-03	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
Comcast of Southeast Penns	43,173	02-28-2029
EPICOR SOFTWARE CORPORATIO	13,930	11-30-2031
Bank	11,375	10-31-2033

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	$941,994
Net operating income	$856,637
Net cash flow	$834,999
DSCR (net cash flow)	0.78
DSCR (net operating income)	0.80
Occupancy	57%
Servicer advances outstanding	$0

FEDEX GROUND - LANSING

Property	FEDEX GROUND - LANSING
Address	2290 SOUTH CANAL ROAD; Lansing, MI 48917
Property type	Industrial
Units, beds or keys	not yet reported
Net rentable square feet	147,258
Year built	2013
Year last renovated	2022
Original balance	$11.8M
Current balance	$11.8M (September 2026)
Share of deal balance	1.8%
Interest rate at origination	5.53%
Current interest rate	5.53%
Origination date	02-08-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2033-02-11
Prepayment lockout end	08-10-2032
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	WFB
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$24.8M	08-23-2022	MAI
Most recent reported	$24.8M	2022-08-23	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
FEDEX GROUP PACKAGE SYSTEM	147,258	09-30-2032

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$677,785
Operating expenses	$12,471
Net operating income	$665,314
Net cash flow	$627,260
DSCR (net cash flow)	1.90
DSCR (net operating income)	2.01
Occupancy	100%
Servicer advances outstanding	$0

STORAGE XXTRA HIGHWAY 154

Property	STORAGE XXTRA HIGHWAY 154
Address	4046 HIGHWAY 154; Newnan, GA 30265
Property type	Self storage
Units, beds or keys	591
Net rentable square feet	110,809
Year built	2008
Year last renovated	not yet reported
Original balance	$11.5M
Current balance	$11.5M (September 2026)
Share of deal balance	1.7%
Interest rate at origination	6.92%
Current interest rate	6.92%
Origination date	03-08-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2033-04-06
Prepayment lockout end	01-05-2033
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	SMC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$20.0M	02-22-2023	MAI
Most recent reported	$20.0M	2023-02-22	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$803,775
Operating expenses	$252,951
Net operating income	$550,824
Net cash flow	$545,283
DSCR (net cash flow)	1.36
DSCR (net operating income)	1.37
Occupancy	85%
Servicer advances outstanding	$0

AUTOZONE CENTER

Property	AUTOZONE CENTER
Address	701 EAST MARKET STREET; Leesburg, VA 20176
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	65,982
Year built	1987
Year last renovated	not yet reported
Original balance	$11.3M
Current balance	$11.3M (September 2026)
Share of deal balance	1.7%
Interest rate at origination	7.15%
Current interest rate	7.15%
Origination date	05-04-2023
Original term	121 months
Amortization term	not yet reported
Interest-only period	121 months
Scheduled maturity	2033-06-01
Prepayment lockout end	01-31-2033
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	MSBNA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$20.4M	03-27-2023	MAI
Most recent reported	$20.4M	2023-03-27	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
THE GOOD SHEPHERD HOME	8,601	10-31-2032
Aurora Seafood & Grill Buffett Aurora of LSB Inc	8,493	08-31-2035
Auto Zone	8,327	11-30-2027

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.0M
Operating expenses	$276,165
Net operating income	$755,018
Net cash flow	$721,129
DSCR (net cash flow)	1.77
DSCR (net operating income)	1.85
Occupancy	97%
Servicer advances outstanding	$0

Loan 10A

Property	Loan 10A
Address	not yet reported
Property type	not yet reported
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	$10.0M
Current balance	$10.0M (September 2026)
Share of deal balance	1.5%
Interest rate at origination	6.55%
Current interest rate	6.55%
Origination date	04-17-2023
Original term	60 months
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	2028-05-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	SMC
Current status	Current
Specially serviced now	No
Defeased	No

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

Loan 5A

Property	Loan 5A
Address	not yet reported
Property type	not yet reported
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	$10.0M
Current balance	$10.0M (September 2026)
Share of deal balance	1.5%
Interest rate at origination	5.94%
Current interest rate	5.94%
Origination date	01-11-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	2033-02-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	AREF 2
Current status	Current
Specially serviced now	No
Defeased	No

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

Loan 5B

Property	Loan 5B
Address	not yet reported
Property type	not yet reported
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	$10.0M
Current balance	$10.0M (September 2026)
Share of deal balance	1.5%
Interest rate at origination	5.94%
Current interest rate	5.94%
Origination date	01-11-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	2033-02-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	AREF 2
Current status	Current
Specially serviced now	No
Defeased	No

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

Loan 14A

Property	Loan 14A
Address	not yet reported
Property type	not yet reported
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	$10.0M
Current balance	$9.9M (September 2026)
Share of deal balance	1.5%
Interest rate at origination	6.99%
Current interest rate	6.99%
Origination date	03-27-2023
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2033-04-06
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	AREF 2
Current status	Current
Specially serviced now	No
Defeased	No

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

WOODWARD PLACE

Property	WOODWARD PLACE
Address	3400 SOUTHWEST 44TH STREET; Oklahoma City, OK 73119
Property type	Multifamily
Units, beds or keys	126
Net rentable square feet	not yet reported
Year built	1966
Year last renovated	2022
Original balance	$8.8M
Current balance	$8.8M (September 2026)
Share of deal balance	1.3%
Interest rate at origination	6.90%
Current interest rate	6.90%
Origination date	05-03-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2033-05-06
Prepayment lockout end	01-05-2033
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	AREF 2
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$13.1M	03-28-2023	MAI
Most recent reported	$13.1M	2023-03-28	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$868,407
Operating expenses	$403,472
Net operating income	$464,935
Net cash flow	$449,185
DSCR (net cash flow)	1.46
DSCR (net operating income)	1.51
Occupancy	98%
Servicer advances outstanding	$0

RITTENHOUSE MULTIFAMILY

Property	RITTENHOUSE MULTIFAMILY
Address	1707 RITTENHOUSE SQUARE & 327 SOUTH 16TH STREET; Philadelphia, PA 19102
Property type	Multifamily
Units, beds or keys	15
Net rentable square feet	not yet reported
Year built	1752
Year last renovated	2022
Original balance	$6.3M
Current balance	$6.3M (September 2026)
Share of deal balance	1.0%
Interest rate at origination	6.58%
Current interest rate	6.58%
Origination date	04-24-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2033-05-11
Prepayment lockout end	02-10-2033
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	WFB
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$9.1M	03-13-2023	MAI
Most recent reported	$9.1M	2023-03-13	MAI

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

Latest financials

Financial period end (latest)	12-31-2025
Revenue	$681,914
Operating expenses	$76,917
Net operating income	$604,997
Net cash flow	$601,247
DSCR (net cash flow)	1.42
DSCR (net operating income)	1.43
Occupancy	100%
Servicer advances outstanding	$0

SNAPBOX STORAGE AIRSHIP

Property	SNAPBOX STORAGE AIRSHIP
Address	2420 RIDGEWAY BOULEVARD; Manchester Township, NJ 08759
Property type	Self storage
Units, beds or keys	381
Net rentable square feet	41,085
Year built	2006
Year last renovated	not yet reported
Original balance	$5.4M
Current balance	$5.4M (September 2026)
Share of deal balance	0.8%
Interest rate at origination	6.34%
Current interest rate	6.34%
Origination date	04-27-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2033-05-11
Prepayment lockout end	02-10-2033
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	WFB
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$9.9M	04-03-2023	MAI
Most recent reported	$9.9M	2023-04-03	MAI

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

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$214,682
Operating expenses	$93,116
Net operating income	$121,566
Net cash flow	$120,539
DSCR (net cash flow)	1.41
DSCR (net operating income)	1.42
Occupancy	95%
Servicer advances outstanding	$0

Rialto Industrial

Property	Rialto Industrial
Address	CA
Property type	Industrial
Units, beds or keys	not yet reported
Net rentable square feet	not yet reported
Year built	1989
Year last renovated	not yet reported
Original balance	$30.0M
Current balance	$5.0M (September 2026)
Share of deal balance	0.8%
Interest rate at origination	7.61%
Current interest rate	7.61%
Origination date	11-10-2022
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2032-12-06
Prepayment lockout end	09-05-2032
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	AREF
Current status	Matured balloon, non-performing
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$350.0M	10-12-2022	MAI
Most recent reported	$350.0M	2022-10-12	MAI

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

Latest financials

Financial period end (latest)	06-30-2025
Revenue	$10.0M
Operating expenses	$433,596
Net operating income	$9.5M
Net cash flow	$9.3M
DSCR (net cash flow)	1.34
DSCR (net operating income)	1.37
Occupancy	100%
Servicer advances outstanding	$32,749

Loan 1B

Property	Loan 1B
Address	not yet reported
Property type	not yet reported
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	$3.8M
Current balance	$3.8M (September 2026)
Share of deal balance	0.6%
Interest rate at origination	5.51%
Current interest rate	5.51%
Origination date	01-27-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	not yet reported
Scheduled maturity	2038-02-10
Prepayment lockout end	not yet reported
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	WFB
Current status	Current
Specially serviced now	No
Defeased	No

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

PRUNEDALE SELF STORAGE-CA

Property	PRUNEDALE SELF STORAGE-CA
Address	8305 PRUNEDALE NORTH ROAD; Salinas, CA 93907
Property type	Self storage
Units, beds or keys	463
Net rentable square feet	48,772
Year built	2006
Year last renovated	not yet reported
Original balance	$2.9M
Current balance	$2.9M (September 2026)
Share of deal balance	0.4%
Interest rate at origination	6.47%
Current interest rate	6.47%
Origination date	03-31-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2033-04-11
Prepayment lockout end	01-10-2033
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	WFB
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$13.0M	02-09-2023	MAI
Most recent reported	$13.0M	2023-02-09	MAI

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$586,586
Operating expenses	$200,562
Net operating income	$386,024
Net cash flow	$381,859
DSCR (net cash flow)	4.03
DSCR (net operating income)	4.07
Occupancy	86%
Servicer advances outstanding	$0

602 10TH AVE

Property	602 10TH AVE
Address	602 10TH AVENUE; New York, NY 10036
Property type	Mixed use
Units, beds or keys	14
Net rentable square feet	not yet reported
Year built	1910
Year last renovated	not yet reported
Original balance	$2.7M
Current balance	$2.7M (September 2026)
Share of deal balance	0.4%
Interest rate at origination	6.99%
Current interest rate	6.99%
Origination date	03-30-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2033-04-06
Prepayment lockout end	01-05-2033
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	LMF
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$4.8M	03-22-2023	MAI
Most recent reported	$4.8M	2023-03-22	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
H&R BLOCK	800	04-30-2025

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

Latest financials

Financial period end (latest)	12-31-2025
Revenue	$444,777
Operating expenses	$227,305
Net operating income	$217,472
Net cash flow	$214,102
DSCR (net cash flow)	1.12
DSCR (net operating income)	1.14
Occupancy	100%
Servicer advances outstanding	$0

160 WEST 72ND STREET

Property	160 WEST 72ND STREET
Address	160 WEST 72ND STREET; New York, NY 10023
Property type	Mixed use
Units, beds or keys	6
Net rentable square feet	not yet reported
Year built	1910
Year last renovated	2022
Original balance	$1.8M
Current balance	$1.8M (September 2026)
Share of deal balance	0.3%
Interest rate at origination	6.35%
Current interest rate	6.35%
Origination date	05-01-2023
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2033-05-11
Prepayment lockout end	02-10-2033
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	WFB
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$6.3M	03-16-2023	MAI
Most recent reported	$6.3M	2023-03-16	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
AMC	2,583	11-30-2030

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

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$153,588
Operating expenses	$119,493
Net operating income	$34,095
Net cash flow	$32,503
DSCR (net cash flow)	1.16
DSCR (net operating income)	1.22
Occupancy	100%
Servicer advances outstanding	$0

425 EAST HEBRON STREET

Property	425 EAST HEBRON STREET
Address	425 EAST HEBRON STREET; Charlotte, NC 28273
Property type	Industrial
Units, beds or keys	not yet reported
Net rentable square feet	8,371
Year built	1978
Year last renovated	1986
Original balance	$1.3M
Current balance	$1.3M (September 2026)
Share of deal balance	0.2%
Interest rate at origination	7.28%
Current interest rate	7.28%
Origination date	03-27-2023
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2033-04-06
Prepayment lockout end	01-05-2033
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	SMC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$2.0M	01-31-2023	MAI
Most recent reported	$2.0M	2023-01-31	MAI

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

Largest tenants

Tenant	Square feet	Lease expiration
YL Global Management	8,371	04-30-2038

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

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$83,710
Operating expenses	$2,511
Net operating income	$81,199
Net cash flow	$79,524
DSCR (net cash flow)	1.49
DSCR (net operating income)	1.52
Occupancy	100%
Servicer advances outstanding	$0