MSWF Commercial Mortgage Trust 2023-2: loan annex
Page built October 19, 2026
Loan detail for MSWF Commercial Mortgage Trust 2023-2.
Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-13
← MSWF Commercial Mortgage Trust 2023-2 · CMBS market
Detail sections for the 45 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.
Princeton ND Portfolio
| Property | Princeton ND Portfolio |
| Address | ND |
| Property type | Multifamily |
| Units, beds or keys | 603 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $24.8M |
| Current balance | $24.8M (September 2026) |
| Share of deal balance | 2.8% |
| Interest rate at origination | 7.80% |
| Current interest rate | 7.80% |
| Origination date | 11-13-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-12-06 |
| Prepayment lockout end | 09-05-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $3.7M |
| Operating expenses | $2.3M |
| Net operating income | $1.4M |
| Net cash flow | $1.3M |
| DSCR (net cash flow) | 1.32 |
| DSCR (net operating income) | 1.40 |
| Occupancy | 90% |
| Servicer advances outstanding | $0 |
ROCKWALL MARKET CENTER
| Property | ROCKWALL MARKET CENTER |
| Address | 2663-2853 MARKET CENTER DRIVE; Rockwall, TX 75032 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 211,971 |
| Year built | 1999 |
| Year last renovated | not yet reported |
| Original balance | $22.1M |
| Current balance | $22.1M (September 2026) |
| Share of deal balance | 2.5% |
| Interest rate at origination | 7.20% |
| Current interest rate | 7.20% |
| Origination date | 08-17-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-09-06 |
| Prepayment lockout end | 06-05-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
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 | $571,244 |
| Net operating income | $1.5M |
| Net cash flow | $1.4M |
| DSCR (net cash flow) | 1.77 |
| DSCR (net operating income) | 1.86 |
| Occupancy | 98% |
| Servicer advances outstanding | $0 |
MOUNTAIN LAKES ESTATES
| Property | MOUNTAIN LAKES ESTATES |
| Address | 765 SOUTH MEADOWS PARKWAY; Reno, NV 89521 |
| Property type | Multifamily |
| Units, beds or keys | 131 |
| Net rentable square feet | not yet reported |
| Year built | 2020 |
| Year last renovated | not yet reported |
| Original balance | $21.8M |
| Current balance | $21.8M (September 2026) |
| Share of deal balance | 2.4% |
| Interest rate at origination | 6.48% |
| Current interest rate | 6.48% |
| Origination date | 05-26-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-06-01 |
| Prepayment lockout end | 02-28-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Mortgage Capital Holdings LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $1.4M |
| Operating expenses | $752,611 |
| Net operating income | $608,191 |
| Net cash flow | $600,003 |
| DSCR (net cash flow) | 1.70 |
| DSCR (net operating income) | 1.72 |
| Occupancy | 89% |
| Servicer advances outstanding | $0 |
Loan 3B
| Property | Loan 3B |
| 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 | $20.0M |
| Current balance | $20.0M (September 2026) |
| Share of deal balance | 2.2% |
| Interest rate at origination | 5.73% |
| Current interest rate | 5.73% |
| Origination date | 05-25-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-06-01 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BANA/BMO/Barclays/JPMCB |
| 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 |
PHILADELPHIA MARRIOTT DOWNTOWN
| Property | PHILADELPHIA MARRIOTT DOWNTOWN |
| Address | 1201 AND 1113 MARKET STREET; Philadelphia, PA 19107 |
| Property type | Lodging |
| Units, beds or keys | 1408 |
| Net rentable square feet | not yet reported |
| Year built | 1990 |
| Year last renovated | 2023 |
| Original balance | $61.7M |
| Current balance | $20.0M (September 2026) |
| Share of deal balance | 2.2% |
| Interest rate at origination | 8.71% |
| Current interest rate | 8.71% |
| Origination date | 10-25-2023 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2028-11-06 |
| Prepayment lockout end | 01-05-2026 |
| Yield maintenance end | 05-05-2028 |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $28.5M |
| Operating expenses | $22.6M |
| Net operating income | $5.9M |
| Net cash flow | $4.5M |
| DSCR (net cash flow) | 0.95 |
| DSCR (net operating income) | 1.24 |
| Occupancy | 65% |
| Servicer advances outstanding | $0 |
Loan 7A
| Property | Loan 7A |
| 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 | $20.0M |
| Current balance | $20.0M (January 2025) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 5.39% |
| Current interest rate | 5.39% |
| Origination date | 10-18-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-11-09 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| 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 |
BANGOR PARKADE
| Property | BANGOR PARKADE |
| Address | 482-534 STILLWATER AVENUE; Bangor, ME 04401 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 232,529 |
| Year built | 2005 |
| Year last renovated | not yet reported |
| Original balance | $15.0M |
| Current balance | $15.0M (September 2026) |
| Share of deal balance | 1.7% |
| Interest rate at origination | 7.02% |
| Current interest rate | 7.02% |
| Origination date | 11-20-2023 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 60 months |
| Scheduled maturity | 2033-12-01 |
| Prepayment lockout end | 05-31-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Mortgage Capital Holdings LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $2.0M |
| Operating expenses | $1.0M |
| Net operating income | $974,773 |
| Net cash flow | $840,405 |
| DSCR (net cash flow) | 1.58 |
| DSCR (net operating income) | 1.83 |
| Occupancy | 99% |
| Servicer advances outstanding | $0 |
Loan 4A
| Property | Loan 4A |
| 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 | $15.0M |
| Current balance | $15.0M (September 2026) |
| Share of deal balance | 1.7% |
| Interest rate at origination | 8.71% |
| Current interest rate | 8.71% |
| Origination date | 10-25-2023 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2028-11-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| 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 |
Loan 9A
| Property | Loan 9A |
| 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 | $15.0M |
| Current balance | $15.0M (January 2025) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 5.37% |
| Current interest rate | 5.37% |
| Origination date | 10-28-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-11-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | JPMCB, GSBI |
| 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 |
DOUBLETREE HOTEL LARGO
| Property | DOUBLETREE HOTEL LARGO |
| Address | 9100 BASIL COURT; Upper Marlboro, MD 20774 |
| Property type | Lodging |
| Units, beds or keys | 184 |
| Net rentable square feet | not yet reported |
| Year built | 1990 |
| Year last renovated | 2015 |
| Original balance | $14.7M |
| Current balance | $14.4M (September 2026) |
| Share of deal balance | 1.6% |
| Interest rate at origination | 8.06% |
| Current interest rate | 8.06% |
| Origination date | 11-07-2023 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2033-11-11 |
| Prepayment lockout end | 08-10-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $7.7M |
| Operating expenses | $5.4M |
| Net operating income | $2.3M |
| Net cash flow | $2.0M |
| DSCR (net cash flow) | 1.56 |
| DSCR (net operating income) | 1.80 |
| Occupancy | 64% |
| Servicer advances outstanding | $0 |
TRI PALMS ESTATES & COUNTRY CLUB
| Property | TRI PALMS ESTATES & COUNTRY CLUB |
| Address | 32700 DESERT MOON DRIVE; Thousand Palms, CA 92276 |
| Property type | Other (code 98) |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 7,618,602 |
| Year built | 1989 |
| Year last renovated | 2015 |
| Original balance | $14.0M |
| Current balance | $14.0M (September 2026) |
| Share of deal balance | 1.6% |
| Interest rate at origination | 6.91% |
| Current interest rate | 6.91% |
| Origination date | 10-02-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-10-11 |
| Prepayment lockout end | 01-10-2026 |
| Yield maintenance end | 04-10-2033 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $3.8M |
| Operating expenses | $1.7M |
| Net operating income | $2.1M |
| Net cash flow | $2.1M |
| DSCR (net cash flow) | 4.21 |
| DSCR (net operating income) | 4.22 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
419 WEST RIVER ROAD
| Property | 419 WEST RIVER ROAD |
| Address | 419 WEST RIVER ROAD; Louisburg, NC 27549 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 195,000 |
| Year built | 1975 |
| Year last renovated | 2021 |
| Original balance | $11.8M |
| Current balance | $11.8M (September 2026) |
| Share of deal balance | 1.3% |
| Interest rate at origination | 8.25% |
| Current interest rate | 8.25% |
| Origination date | 11-03-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-11-06 |
| Prepayment lockout end | 08-05-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $894,551 |
| Operating expenses | $96,592 |
| Net operating income | $797,959 |
| Net cash flow | $739,459 |
| DSCR (net cash flow) | 1.51 |
| DSCR (net operating income) | 1.63 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
BAYTOWNE SHOPPES AND SQUARE
| Property | BAYTOWNE SHOPPES AND SQUARE |
| Address | 2033 NORTH PROSPECT AVENUE; Champaign, IL 61822 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 118,305 |
| Year built | 1993 |
| Year last renovated | not yet reported |
| Original balance | $11.5M |
| Current balance | $11.5M (September 2026) |
| Share of deal balance | 1.3% |
| Interest rate at origination | 6.97% |
| Current interest rate | 6.97% |
| Origination date | 08-31-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-09-01 |
| Prepayment lockout end | 02-28-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Mortgage Capital Holdings LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
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 | $396,530 |
| Net operating income | $626,581 |
| Net cash flow | $576,383 |
| DSCR (net cash flow) | 1.42 |
| DSCR (net operating income) | 1.55 |
| Occupancy | 89% |
| Servicer advances outstanding | $0 |
MONKEY JUNCTION
| Property | MONKEY JUNCTION |
| Address | 5120 SOUTH COLLEGE ROAD; Wilmington, NC 28412 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 48,165 |
| Year built | 2003 |
| Year last renovated | not yet reported |
| Original balance | $11.1M |
| Current balance | $11.1M (September 2026) |
| Share of deal balance | 1.2% |
| Interest rate at origination | 8.30% |
| Current interest rate | 8.30% |
| Origination date | 10-25-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-11-06 |
| Prepayment lockout end | 08-05-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $756,367 |
| Operating expenses | $133,186 |
| Net operating income | $623,181 |
| Net cash flow | $603,915 |
| DSCR (net cash flow) | 1.30 |
| DSCR (net operating income) | 1.34 |
| Occupancy | 92% |
| Servicer advances outstanding | $0 |
1777 VINE STREET
| Property | 1777 VINE STREET |
| Address | 1777 VINE STREET; Los Angeles, CA 90028 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 39,248 |
| Year built | 1961 |
| Year last renovated | 2022 |
| Original balance | $11.5M |
| Current balance | $11.1M (September 2026) |
| Share of deal balance | 1.2% |
| Interest rate at origination | 6.57% |
| Current interest rate | 6.57% |
| Origination date | 04-24-2023 |
| 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 | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $915,356 |
| Operating expenses | $33,341 |
| Net operating income | $882,015 |
| Net cash flow | $847,673 |
| DSCR (net cash flow) | 1.93 |
| DSCR (net operating income) | 2.01 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
Loan 2B
| Property | Loan 2B |
| 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 | 1.1% |
| Interest rate at origination | 7.70% |
| Current interest rate | 7.70% |
| Origination date | 10-05-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-11-01 |
| 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 |
Loan 3A
| Property | Loan 3A |
| 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 | 1.1% |
| Interest rate at origination | 5.73% |
| Current interest rate | 5.73% |
| Origination date | 05-25-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-06-01 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BANA/BMO/Barclays/JPMCB |
| 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 3C
| Property | Loan 3C |
| 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 | 1.1% |
| Interest rate at origination | 5.73% |
| Current interest rate | 5.73% |
| Origination date | 05-25-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-06-01 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BANA/BMO/Barclays/JPMCB |
| 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 |
THE WEST WING
| Property | THE WEST WING |
| Address | 2501 EAST FOWLER AVENUE; Tampa, FL 33612 |
| Property type | Lodging |
| Units, beds or keys | 116 |
| Net rentable square feet | not yet reported |
| Year built | 1973 |
| Year last renovated | 2019 |
| Original balance | $10.0M |
| Current balance | $9.8M (September 2026) |
| Share of deal balance | 1.1% |
| Interest rate at origination | 7.88% |
| Current interest rate | 7.88% |
| Origination date | 11-16-2023 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2033-12-06 |
| Prepayment lockout end | 09-05-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $3.0M |
| Operating expenses | $1.2M |
| Net operating income | $1.8M |
| Net cash flow | $1.8M |
| DSCR (net cash flow) | 2.03 |
| DSCR (net operating income) | 2.11 |
| Occupancy | 99% |
| Servicer advances outstanding | $0 |
TAMMANY ON THE PONDS
| Property | TAMMANY ON THE PONDS |
| Address | 7610 HERITAGE DRIVE, 7832 HERITAGE DRIVE, AND 310 SOUTH CANAL ROAD; Lansing, MI 48917 |
| Property type | Multifamily |
| Units, beds or keys | 236 |
| Net rentable square feet | not yet reported |
| Year built | 2000 |
| Year last renovated | not yet reported |
| Original balance | $10.0M |
| Current balance | $9.7M (September 2026) |
| Share of deal balance | 1.1% |
| Interest rate at origination | 6.94% |
| Current interest rate | 6.94% |
| Origination date | 07-06-2023 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2033-07-11 |
| Prepayment lockout end | 04-10-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $2.9M |
| Operating expenses | $1.6M |
| Net operating income | $1.2M |
| Net cash flow | $1.1M |
| DSCR (net cash flow) | 1.42 |
| DSCR (net operating income) | 1.55 |
| Occupancy | 97% |
| Servicer advances outstanding | $0 |
RESIDENCE INN CHARLESTON SUMMERVILLE
| Property | RESIDENCE INN CHARLESTON SUMMERVILLE |
| Address | 1528 NORTH MAIN STREET; Summerville, SC 29486 |
| Property type | Lodging |
| Units, beds or keys | 96 |
| Net rentable square feet | not yet reported |
| Year built | 2018 |
| Year last renovated | not yet reported |
| Original balance | $9.5M |
| Current balance | $9.5M (September 2026) |
| Share of deal balance | 1.1% |
| Interest rate at origination | 7.33% |
| Current interest rate | 7.33% |
| Origination date | 08-31-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-09-11 |
| Prepayment lockout end | 10-10-2025 |
| Yield maintenance end | 03-10-2033 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $4.7M |
| Operating expenses | $2.7M |
| Net operating income | $1.9M |
| Net cash flow | $1.8M |
| DSCR (net cash flow) | 2.49 |
| DSCR (net operating income) | 2.76 |
| Occupancy | 83% |
| Servicer advances outstanding | $0 |
COURTYARD CHARLESTON SUMMERVILLE
| Property | COURTYARD CHARLESTON SUMMERVILLE |
| Address | 1510 ROSE DRIVE; Summerville, SC 29486 |
| Property type | Lodging |
| Units, beds or keys | 96 |
| Net rentable square feet | not yet reported |
| Year built | 2014 |
| Year last renovated | not yet reported |
| Original balance | $9.0M |
| Current balance | $9.0M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 7.33% |
| Current interest rate | 7.33% |
| Origination date | 08-31-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-09-11 |
| Prepayment lockout end | 10-10-2025 |
| Yield maintenance end | 03-10-2033 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $5.0M |
| Operating expenses | $2.8M |
| Net operating income | $2.2M |
| Net cash flow | $2.0M |
| DSCR (net cash flow) | 2.94 |
| DSCR (net operating income) | 3.24 |
| Occupancy | 81% |
| Servicer advances outstanding | $0 |
MCDONOUGH MARKETPLACE
| Property | MCDONOUGH MARKETPLACE |
| Address | 105-133 WILLOW LANE, 1124 HIGHWAY 20/81; McDonough, GA 30253 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 53,099 |
| Year built | 2003 |
| Year last renovated | not yet reported |
| Original balance | $9.0M |
| Current balance | $9.0M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 7.73% |
| Current interest rate | 7.73% |
| Origination date | 10-05-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-10-11 |
| Prepayment lockout end | 06-10-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $627,662 |
| Operating expenses | $156,483 |
| Net operating income | $471,179 |
| Net cash flow | $454,131 |
| DSCR (net cash flow) | 1.29 |
| DSCR (net operating income) | 1.34 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
LA PRIMAVERA
| Property | LA PRIMAVERA |
| Address | 10000 HAMMERLY BOULEVARD; Houston, TX 77080 |
| Property type | Multifamily |
| Units, beds or keys | 328 |
| Net rentable square feet | not yet reported |
| Year built | 1974 |
| Year last renovated | 2020 |
| Original balance | $12.7M |
| Current balance | $8.9M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 7.53% |
| Current interest rate | 7.53% |
| Origination date | 10-23-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-11-06 |
| Prepayment lockout end | 08-05-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | AREF2/Barclays |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $981,879 |
| Operating expenses | $337,240 |
| Net operating income | $644,639 |
| Net cash flow | $616,267 |
| DSCR (net cash flow) | 1.28 |
| DSCR (net operating income) | 1.34 |
| Occupancy | 89% |
| Servicer advances outstanding | $0 |
Loan 6A
| Property | Loan 6A |
| 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 | $8.2M |
| Current balance | $8.2M (September 2026) |
| Share of deal balance | 0.9% |
| Interest rate at origination | 7.26% |
| Current interest rate | 7.26% |
| Origination date | 10-05-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-10-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | AREF2/Barclays |
| 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 |
TRIANGLE CENTER
| Property | TRIANGLE CENTER |
| Address | 2000 NORTH MAYS STREET; Round Rock, TX 78664 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 58,929 |
| Year built | 1985 |
| Year last renovated | 2021 |
| Original balance | $8.0M |
| Current balance | $8.0M (September 2026) |
| Share of deal balance | 0.9% |
| Interest rate at origination | 7.35% |
| Current interest rate | 7.35% |
| Origination date | 08-31-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-09-06 |
| Prepayment lockout end | 06-05-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $963,029 |
| Operating expenses | $263,182 |
| Net operating income | $699,847 |
| Net cash flow | $676,990 |
| DSCR (net cash flow) | 2.28 |
| DSCR (net operating income) | 2.35 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
DIXON STREET
| Property | DIXON STREET |
| Address | 4121 DIXON STREET; Des Moines, IA 50313 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 606,006 |
| Year built | 1976 |
| Year last renovated | 1992 |
| Original balance | $7.7M |
| Current balance | $7.7M (September 2026) |
| Share of deal balance | 0.9% |
| Interest rate at origination | 6.70% |
| Current interest rate | 6.70% |
| Origination date | 10-31-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-11-01 |
| Prepayment lockout end | 07-31-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Mortgage Capital Holdings LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $2.0M |
| Operating expenses | $712,002 |
| Net operating income | $1.3M |
| Net cash flow | $1.2M |
| DSCR (net cash flow) | 4.40 |
| DSCR (net operating income) | 4.83 |
| Occupancy | 98% |
| Servicer advances outstanding | $0 |
NOGALES PLAZA
| Property | NOGALES PLAZA |
| Address | 251-490 NORTH GRAND COURT PLAZA; Nogales, AZ 85621 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 147,124 |
| Year built | 1992 |
| Year last renovated | not yet reported |
| Original balance | $7.5M |
| Current balance | $7.5M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 6.68% |
| Current interest rate | 6.68% |
| Origination date | 09-29-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-10-01 |
| Prepayment lockout end | 06-30-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Mortgage Capital Holdings LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
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 | $272,240 |
| Net operating income | $744,123 |
| Net cash flow | $667,182 |
| DSCR (net cash flow) | 2.63 |
| DSCR (net operating income) | 2.94 |
| Occupancy | 86% |
| Servicer advances outstanding | $0 |
HIGHLANDS PLAZA
| Property | HIGHLANDS PLAZA |
| Address | 2253 & 2257 NORTH LOOP 336 WEST; Conroe, TX 77304 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 60,824 |
| Year built | 2002 |
| Year last renovated | not yet reported |
| Original balance | $7.5M |
| Current balance | $7.3M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 6.70% |
| Current interest rate | 6.70% |
| Origination date | 06-28-2023 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2033-07-06 |
| Prepayment lockout end | 01-05-2026 |
| Yield maintenance end | 04-05-2033 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $672,060 |
| Operating expenses | $205,300 |
| Net operating income | $466,759 |
| Net cash flow | $428,809 |
| DSCR (net cash flow) | 1.47 |
| DSCR (net operating income) | 1.60 |
| Occupancy | 89% |
| Servicer advances outstanding | $0 |
NATCHEZ PROMENADE
| Property | NATCHEZ PROMENADE |
| Address | 350 JOHN R JUNKIN DRIVE; Natchez, MS 39120 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 148,010 |
| Year built | 1979 |
| Year last renovated | 2023 |
| Original balance | $5.5M |
| Current balance | $5.4M (September 2026) |
| Share of deal balance | 0.6% |
| Interest rate at origination | 8.00% |
| Current interest rate | 8.00% |
| Origination date | 11-10-2023 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2033-12-06 |
| Prepayment lockout end | 09-05-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
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 | $416,245 |
| Net operating income | $624,604 |
| Net cash flow | $516,594 |
| DSCR (net cash flow) | 1.11 |
| DSCR (net operating income) | 1.35 |
| Occupancy | 97% |
| Servicer advances outstanding | $0 |
SULLIVAN PARKE IV
| Property | SULLIVAN PARKE IV |
| Address | 2295 LAFAYETTE PARK DRIVE; Easton, PA 18040 |
| Property type | Multifamily |
| Units, beds or keys | 30 |
| Net rentable square feet | not yet reported |
| Year built | 2023 |
| Year last renovated | not yet reported |
| Original balance | $5.4M |
| Current balance | $5.4M (September 2026) |
| Share of deal balance | 0.6% |
| Interest rate at origination | 7.46% |
| Current interest rate | 7.46% |
| Origination date | 10-19-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-11-01 |
| Prepayment lockout end | 10-31-2025 |
| Yield maintenance end | 04-30-2033 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Mortgage Capital Holdings LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $393,510 |
| Operating expenses | $140,715 |
| Net operating income | $252,795 |
| Net cash flow | $249,045 |
| DSCR (net cash flow) | 1.22 |
| DSCR (net operating income) | 1.24 |
| Occupancy | 97% |
| Servicer advances outstanding | $0 |
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 | $5.0M |
| Current balance | $5.0M (September 2026) |
| Share of deal balance | 0.6% |
| 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 | German American Capital Corporation |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
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 |
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 | $5.0M |
| Current balance | $5.0M (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 | 120 months |
| 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 | BANA/GSBI/WFB/3650 REIT |
| 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 |
SORRENTO VIEW APARTMENTS
| Property | SORRENTO VIEW APARTMENTS |
| Address | 12495 SOUTHWEST CONESTOGA DRIVE; Beaverton, OR 97008 |
| Property type | Multifamily |
| Units, beds or keys | 80 |
| Net rentable square feet | not yet reported |
| Year built | 1985 |
| Year last renovated | not yet reported |
| Original balance | $5.1M |
| Current balance | $5.0M (September 2026) |
| Share of deal balance | 0.6% |
| Interest rate at origination | 6.99% |
| Current interest rate | 6.99% |
| Origination date | 10-10-2023 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2033-10-11 |
| Prepayment lockout end | 07-10-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $640,920 |
| Operating expenses | $254,734 |
| Net operating income | $386,186 |
| Net cash flow | $376,186 |
| DSCR (net cash flow) | 1.85 |
| DSCR (net operating income) | 1.90 |
| Occupancy | 93% |
| Servicer advances outstanding | $0 |
3800 HORIZON BOULEVARD
| Property | 3800 HORIZON BOULEVARD |
| 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 | $5.0M |
| Current balance | $4.9M (September 2026) |
| Share of deal balance | 0.5% |
| 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 | 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 | Argentic Real Estate Finance 2 LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
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 |
SULLIVAN PARKE III
| Property | SULLIVAN PARKE III |
| Address | 2265 LAFAYETTE PARK DRIVE; Easton, PA 18040 |
| Property type | Multifamily |
| Units, beds or keys | 24 |
| Net rentable square feet | not yet reported |
| Year built | 2023 |
| Year last renovated | not yet reported |
| Original balance | $4.5M |
| Current balance | $4.5M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 7.37% |
| Current interest rate | 7.37% |
| Origination date | 10-25-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-11-01 |
| Prepayment lockout end | 10-31-2025 |
| Yield maintenance end | 04-30-2033 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Mortgage Capital Holdings LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $314,897 |
| Operating expenses | $127,263 |
| Net operating income | $187,634 |
| Net cash flow | $184,634 |
| DSCR (net cash flow) | 1.11 |
| DSCR (net operating income) | 1.13 |
| Occupancy | 88% |
| Servicer advances outstanding | $0 |
Loan 6B
| Property | Loan 6B |
| 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 | $4.0M |
| Current balance | $4.0M (January 2025) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 6.96% |
| Current interest rate | 6.96% |
| Origination date | 07-19-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-08-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | GSBI, UBS AG |
| 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 7B
| Property | Loan 7B |
| 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 | 0.4% |
| Interest rate at origination | 7.53% |
| Current interest rate | 7.53% |
| Origination date | 10-23-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-11-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | AREF2/Barclays |
| 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 |
Graves & Dalworth Business Park
| Property | Graves & Dalworth Business Park |
| Address | TX |
| Property type | Industrial |
| 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 | $3.3M |
| Current balance | $3.3M (September 2026) |
| Share of deal balance | 0.4% |
| Interest rate at origination | 7.63% |
| Current interest rate | 7.63% |
| Origination date | 10-25-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-11-11 |
| Prepayment lockout end | 08-10-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $296,470 |
| Operating expenses | $71,675 |
| Net operating income | $224,795 |
| Net cash flow | $216,083 |
| DSCR (net cash flow) | 1.70 |
| DSCR (net operating income) | 1.77 |
| Occupancy | 94% |
| Servicer advances outstanding | $0 |
TAMMANY HILLS APARTMENTS
| Property | TAMMANY HILLS APARTMENTS |
| Address | 3010 STATEN AVENUE & 3015 STATEN AVENUE; Lansing, MI 48910 |
| Property type | Multifamily |
| Units, beds or keys | 158 |
| Net rentable square feet | not yet reported |
| Year built | 1986 |
| Year last renovated | not yet reported |
| Original balance | $3.2M |
| Current balance | $3.1M (September 2026) |
| Share of deal balance | 0.3% |
| Interest rate at origination | 6.91% |
| Current interest rate | 6.91% |
| Origination date | 07-06-2023 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2033-07-11 |
| Prepayment lockout end | 04-10-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 09-30-2025 |
| Revenue | $1.2M |
| Operating expenses | $828,450 |
| Net operating income | $366,761 |
| Net cash flow | $335,122 |
| DSCR (net cash flow) | 1.77 |
| DSCR (net operating income) | 1.93 |
| Occupancy | 88% |
| Servicer advances outstanding | $0 |
LEE VISTA RETAIL CENTER
| Property | LEE VISTA RETAIL CENTER |
| Address | 6125 SOUTH SEMORAN BOULEVARD; Orlando, FL 32822 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 13,907 |
| Year built | 2005 |
| 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 | 8.25% |
| Current interest rate | 8.25% |
| Origination date | 10-04-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-11-01 |
| Prepayment lockout end | 06-30-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Mortgage Capital Holdings LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $268,869 |
| Operating expenses | $108,502 |
| Net operating income | $160,367 |
| Net cash flow | $148,821 |
| DSCR (net cash flow) | 1.27 |
| DSCR (net operating income) | 1.37 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
BROAD STREET COMMONS
| Property | BROAD STREET COMMONS |
| Address | 3300 EAST BROAD STREET; Mansfield, TX 76063 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 16,081 |
| Year built | 2011 |
| 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 | 6.99% |
| Current interest rate | 6.99% |
| Origination date | 08-02-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-08-11 |
| Prepayment lockout end | 05-10-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $325,032 |
| Operating expenses | $121,259 |
| Net operating income | $203,773 |
| Net cash flow | $185,542 |
| DSCR (net cash flow) | 1.91 |
| DSCR (net operating income) | 2.10 |
| Occupancy | 89% |
| Servicer advances outstanding | $0 |
Loan 6C
| Property | Loan 6C |
| 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 | $2.5M |
| Current balance | $2.5M (January 2025) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 6.96% |
| Current interest rate | 6.96% |
| Origination date | 07-19-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-08-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | GSBI, UBS AG |
| 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 |
WALGREENS - ROSEDALE
| Property | WALGREENS - ROSEDALE |
| Address | 8606 PHILADELPHIA ROAD; Rosedale, MD 21237 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 14,978 |
| Year built | 2002 |
| Year last renovated | not yet reported |
| Original balance | $2.2M |
| Current balance | $2.1M (September 2026) |
| Share of deal balance | 0.2% |
| Interest rate at origination | 7.22% |
| Current interest rate | 7.22% |
| Origination date | 09-29-2023 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2033-10-11 |
| Prepayment lockout end | 04-10-2033 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $332,712 |
| Operating expenses | $6,861 |
| Net operating income | $325,851 |
| Net cash flow | $324,353 |
| DSCR (net cash flow) | 1.81 |
| DSCR (net operating income) | 1.81 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
WESTFARMS
| Property | WESTFARMS |
| Address | 1500 NEW BRITAIN AVENUE; West Hartford, CT 06110 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 501,990 |
| Year built | 1974 |
| Year last renovated | 2013 |
| Original balance | $2.0M |
| Current balance | $2.0M (September 2026) |
| Share of deal balance | 0.2% |
| Interest rate at origination | 7.80% |
| Current interest rate | 7.80% |
| Origination date | 08-31-2023 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2028-09-06 |
| Prepayment lockout end | 03-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $51.1M |
| Operating expenses | $22.2M |
| Net operating income | $28.9M |
| Net cash flow | $27.6M |
| DSCR (net cash flow) | 1.44 |
| DSCR (net operating income) | 1.51 |
| Occupancy | 97% |
| Servicer advances outstanding | $0 |