Wells Fargo Commercial Mortgage Trust 2025-5C3: loan annex
Page built October 19, 2026
Loan detail for Wells Fargo Commercial Mortgage Trust 2025-5C3.
Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-13
← Wells Fargo Commercial Mortgage Trust 2025-5C3 · CMBS market
Detail sections for the 46 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.
THE VESPER APARTMENTS
| Property | THE VESPER APARTMENTS |
| Address | 5616 SPRING VALLEY ROAD; Dallas, TX 75254 |
| Property type | Multifamily |
| Units, beds or keys | 192 |
| Net rentable square feet | not yet reported |
| Year built | 1978 |
| Year last renovated | 2014 |
| Original balance | $18.2M |
| Current balance | $18.2M (September 2026) |
| Share of deal balance | 2.2% |
| Interest rate at origination | 6.85% |
| Current interest rate | 6.85% |
| Origination date | 11-01-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-11-06 |
| Prepayment lockout end | 08-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | AREF2 |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $1.3M |
| Operating expenses | $790,569 |
| Net operating income | $510,001 |
| Net cash flow | $481,201 |
| DSCR (net cash flow) | 0.76 |
| DSCR (net operating income) | 0.81 |
| Occupancy | 84% |
| Servicer advances outstanding | $0 |
Loan 2A
| Property | Loan 2A |
| 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 | $18.0M |
| Current balance | $18.0M (September 2026) |
| Share of deal balance | 2.2% |
| Interest rate at origination | 7.79% |
| Current interest rate | 7.79% |
| Origination date | 12-30-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-01-01 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | JPMCB CREFI |
| 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 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 | $18.0M |
| Current balance | $18.0M (September 2026) |
| Share of deal balance | 2.2% |
| Interest rate at origination | 7.79% |
| Current interest rate | 7.79% |
| Origination date | 12-30-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-01-01 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | JPMCB CREFI |
| 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 |
PLAZA AT EASTLAKE
| Property | PLAZA AT EASTLAKE |
| Address | 2300 BOSWELL ROAD; Chula Vista, CA 91914 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 132,477 |
| Year built | 1992 |
| Year last renovated | 2020 |
| Original balance | $17.7M |
| Current balance | $17.7M (September 2026) |
| Share of deal balance | 2.1% |
| Interest rate at origination | 6.53% |
| Current interest rate | 6.53% |
| Origination date | 12-06-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-12-06 |
| Prepayment lockout end | 08-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | AREF2 |
| 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 | $2.4M |
| Operating expenses | $842,099 |
| Net operating income | $1.6M |
| Net cash flow | $1.5M |
| DSCR (net cash flow) | 2.49 |
| DSCR (net operating income) | 2.74 |
| Occupancy | 93% |
| Servicer advances outstanding | $0 |
BEACH HAUS RESORT AND BAYWATCH RESORT
| Property | BEACH HAUS RESORT AND BAYWATCH RESORT |
| Address | 1489 US 31 AND 1529 US 31; Traverse City, MI 49686 |
| Property type | Lodging |
| Units, beds or keys | 136 |
| Net rentable square feet | not yet reported |
| Year built | 1968 |
| Year last renovated | 2022 |
| Original balance | $16.0M |
| Current balance | $16.0M (September 2026) |
| Share of deal balance | 1.9% |
| Interest rate at origination | 7.65% |
| Current interest rate | 7.65% |
| Origination date | 12-23-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-01-06 |
| Prepayment lockout end | 10-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | AREF2 |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $5.0M |
| Operating expenses | $3.1M |
| Net operating income | $1.8M |
| Net cash flow | $1.6M |
| DSCR (net cash flow) | 1.33 |
| DSCR (net operating income) | 1.49 |
| Occupancy | 46% |
| Servicer advances outstanding | $0 |
CIRCLE BUSINESS CENTER
| Property | CIRCLE BUSINESS CENTER |
| Address | 4500 AND 4510 EAST PACIFIC COAST HIGHWAY; Long Beach, CA 90804 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 156,969 |
| Year built | 1987 |
| Year last renovated | not yet reported |
| Original balance | $15.0M |
| Current balance | $14.8M (September 2026) |
| Share of deal balance | 1.8% |
| Interest rate at origination | 7.41% |
| Current interest rate | 7.41% |
| Origination date | 10-24-2024 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2029-11-06 |
| Prepayment lockout end | 07-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | AREF2 |
| 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 | $916,317 |
| Operating expenses | $398,533 |
| Net operating income | $517,784 |
| Net cash flow | $473,671 |
| DSCR (net cash flow) | 1.52 |
| DSCR (net operating income) | 1.66 |
| Occupancy | 75% |
| Servicer advances outstanding | $0 |
BROOKHILL VILLAGE
| Property | BROOKHILL VILLAGE |
| Address | 9110-9190 WADSWORTH PARKWAY; Westminster, CO 80021 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 152,862 |
| Year built | 1995 |
| Year last renovated | 2004 |
| Original balance | $13.7M |
| Current balance | $13.7M (September 2026) |
| Share of deal balance | 1.7% |
| Interest rate at origination | 7.08% |
| Current interest rate | 7.08% |
| Origination date | 12-13-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-01-01 |
| Prepayment lockout end | 07-31-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | JPMCB |
| 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 | $1.1M |
| Operating expenses | $361,704 |
| Net operating income | $699,392 |
| Net cash flow | $664,355 |
| DSCR (net cash flow) | 1.35 |
| DSCR (net operating income) | 1.43 |
| Occupancy | 97% |
| 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 | $13.6M |
| Current balance | $13.6M (September 2026) |
| Share of deal balance | 1.6% |
| Interest rate at origination | 7.50% |
| Current interest rate | 7.50% |
| Origination date | 12-06-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-12-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | CREFI AREF2 |
| 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 |
CVS PHARMACY-RIDGEWOOD
| Property | CVS PHARMACY-RIDGEWOOD |
| Address | 61-13 AND 61-15 METROPOLITAN AVENUE; Ridgewood, NY 11385 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 13,482 |
| Year built | 1951 |
| Year last renovated | 2012 |
| Original balance | $11.0M |
| Current balance | $11.0M (September 2026) |
| Share of deal balance | 1.3% |
| Interest rate at origination | 6.94% |
| Current interest rate | 6.94% |
| Origination date | 11-21-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-12-11 |
| Prepayment lockout end | 09-10-2029 |
| 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
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $257,322 |
| Operating expenses | $15,818 |
| Net operating income | $241,504 |
| Net cash flow | $241,167 |
| DSCR (net cash flow) | 1.26 |
| DSCR (net operating income) | 1.26 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
Loan 2C
| Property | Loan 2C |
| 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 | 1.2% |
| Interest rate at origination | 7.79% |
| Current interest rate | 7.79% |
| Origination date | 12-30-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-01-01 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | JPMCB CREFI |
| 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 |
LARCHMONT VILLAGE RETAIL
| Property | LARCHMONT VILLAGE RETAIL |
| Address | 143 NORTH LARCHMONT BOULEVARD; Los Angeles, CA 90004 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 10,100 |
| Year built | 1922 |
| Year last renovated | 2020 |
| Original balance | $8.6M |
| Current balance | $8.6M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 6.56% |
| Current interest rate | 6.56% |
| Origination date | 11-22-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-12-11 |
| Prepayment lockout end | 09-10-2029 |
| 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
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $305,822 |
| Operating expenses | $71,976 |
| Net operating income | $233,846 |
| Net cash flow | $228,203 |
| DSCR (net cash flow) | 1.62 |
| DSCR (net operating income) | 1.66 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
PASADENA TECHNOLOGY CENTER
| Property | PASADENA TECHNOLOGY CENTER |
| Address | 2670-2674 EAST WALNUT STREET AND 89-91 SAN GABRIEL BOULEVARD; Pasadena, CA 91107 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 31,619 |
| Year built | 1947 |
| Year last renovated | 2008 |
| Original balance | $8.1M |
| Current balance | $8.1M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.25% |
| Current interest rate | 4.25% |
| Origination date | 11-01-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 60 months |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 08-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, 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) | 09-30-2025 |
| Revenue | $567,396 |
| Operating expenses | $208,058 |
| Net operating income | $359,338 |
| Net cash flow | $346,236 |
| DSCR (net cash flow) | 1.32 |
| DSCR (net operating income) | 1.37 |
| Occupancy | 65% |
| Servicer advances outstanding | $0 |
ANCHOR COURT INDUSTRIAL
| Property | ANCHOR COURT INDUSTRIAL |
| Address | 2001, 2089, 2151, & 2192 ANCHOR COURT; Thousand Oaks, CA 91320 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 126,646 |
| Year built | 1979 |
| Year last renovated | not yet reported |
| Original balance | $8.0M |
| Current balance | $8.0M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.02% |
| Current interest rate | 3.02% |
| Origination date | 11-08-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 07-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| 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) | 09-30-2025 |
| Revenue | $1.5M |
| Operating expenses | $250,981 |
| Net operating income | $1.2M |
| Net cash flow | $1.2M |
| DSCR (net cash flow) | 6.33 |
| DSCR (net operating income) | 6.64 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
MULBERRY OFFICE
| Property | MULBERRY OFFICE |
| Address | 101 WEST MULBERRY BOULEVARD; Savannah, GA 31322 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 51,478 |
| Year built | 2007 |
| Year last renovated | not yet reported |
| Original balance | $8.2M |
| Current balance | $7.8M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.92% |
| Current interest rate | 3.92% |
| Origination date | 11-03-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 05-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Column Financial, Inc. |
| 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) | 09-30-2025 |
| Revenue | $1.1M |
| Operating expenses | $426,903 |
| Net operating income | $681,467 |
| Net cash flow | $635,136 |
| DSCR (net cash flow) | 1.83 |
| DSCR (net operating income) | 1.96 |
| Occupancy | 79% |
| Servicer advances outstanding | $0 |
TREAT PLAZA
| Property | TREAT PLAZA |
| Address | 4411, 4425 AND 4475 TREAT BOULEVARD; Concord, CA 94521 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 44,524 |
| Year built | 1977 |
| Year last renovated | 2019 |
| Original balance | $8.4M |
| Current balance | $7.7M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.43% |
| Current interest rate | 3.43% |
| Origination date | 09-14-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2031-10-11 |
| Prepayment lockout end | 04-10-2031 |
| 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
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 09-30-2025 |
| Revenue | $938,075 |
| Operating expenses | $359,896 |
| Net operating income | $578,178 |
| Net cash flow | $548,676 |
| DSCR (net cash flow) | 1.63 |
| DSCR (net operating income) | 1.72 |
| Occupancy | 87% |
| Servicer advances outstanding | $0 |
WOODS CROSSING APARTMENTS
| Property | WOODS CROSSING APARTMENTS |
| Address | 1384 CAMBRIDGE BELTWAY; Cambridge, MD 21613 |
| Property type | Multifamily |
| Units, beds or keys | 96 |
| Net rentable square feet | not yet reported |
| Year built | 1990 |
| Year last renovated | not yet reported |
| Original balance | $7.5M |
| Current balance | $7.5M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.34% |
| Current interest rate | 3.34% |
| Origination date | 09-23-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-10-06 |
| Prepayment lockout end | 07-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Column Financial, Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 09-30-2025 |
| Revenue | $1.1M |
| Operating expenses | $465,605 |
| Net operating income | $633,369 |
| Net cash flow | $613,992 |
| DSCR (net cash flow) | 3.24 |
| DSCR (net operating income) | 3.34 |
| Occupancy | 95% |
| Servicer advances outstanding | $0 |
Park Nation MHC Portfoilio
| Property | Park Nation MHC Portfoilio |
| Address | TX |
| Property type | Manufactured housing |
| Units, beds or keys | 337 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $7.2M |
| Current balance | $7.2M (September 2026) |
| Share of deal balance | 0.9% |
| Interest rate at origination | 7.23% |
| Current interest rate | 7.23% |
| Origination date | 12-09-2024 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | 36 months |
| Scheduled maturity | 2030-01-06 |
| Prepayment lockout end | 07-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | AREF2 |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $1.7M |
| Operating expenses | $907,530 |
| Net operating income | $766,596 |
| Net cash flow | $749,746 |
| DSCR (net cash flow) | 1.41 |
| DSCR (net operating income) | 1.44 |
| Occupancy | 72% |
| Servicer advances outstanding | $0 |
WILLOW PLAZA
| Property | WILLOW PLAZA |
| Address | 2329 WEST WILLOW ROAD; Enid, OK 73703 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 108,095 |
| Year built | 1984 |
| Year last renovated | 2001 |
| Original balance | $8.0M |
| Current balance | $7.1M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.95% |
| Current interest rate | 3.95% |
| Origination date | 02-28-2020 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2030-03-06 |
| Prepayment lockout end | 11-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Ladder Capital Finance 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) | 09-30-2025 |
| Revenue | $780,186 |
| Operating expenses | $225,297 |
| Net operating income | $554,889 |
| Net cash flow | $502,193 |
| DSCR (net cash flow) | 1.47 |
| DSCR (net operating income) | 1.62 |
| Occupancy | 91% |
| Servicer advances outstanding | $0 |
AYLETT CROSSING
| Property | AYLETT CROSSING |
| Address | 4915-4917 RICHMOND TAPPAHANNOCK HIGHWAY; Aylett, VA 23009 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 70,178 |
| Year built | 2001 |
| Year last renovated | not yet reported |
| Original balance | $7.2M |
| Current balance | $6.6M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.77% |
| Current interest rate | 3.77% |
| Origination date | 09-28-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2031-10-06 |
| Prepayment lockout end | 07-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Ladder Capital Finance 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) | 09-30-2025 |
| Revenue | $851,410 |
| Operating expenses | $313,210 |
| Net operating income | $538,200 |
| Net cash flow | $498,725 |
| DSCR (net cash flow) | 1.65 |
| DSCR (net operating income) | 1.78 |
| Occupancy | 98% |
| Servicer advances outstanding | $0 |
BURLINGTON PLAZA
| Property | BURLINGTON PLAZA |
| Address | 5628 AND 5660 NORTH BLACKSTONE AVENUE; Fresno, CA 93710 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 104,102 |
| Year built | 1981 |
| Year last renovated | not yet reported |
| Original balance | $6.5M |
| Current balance | $6.5M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 7.49% |
| Current interest rate | 7.49% |
| Origination date | 12-20-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-01-06 |
| Prepayment lockout end | 02-05-2027 |
| Yield maintenance end | 07-05-2029 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | AREF2 |
| 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 | $740,854 |
| Operating expenses | $178,025 |
| Net operating income | $562,829 |
| Net cash flow | $522,765 |
| DSCR (net cash flow) | 2.12 |
| DSCR (net operating income) | 2.29 |
| Occupancy | 96% |
| Servicer advances outstanding | $0 |
CLUBSIDE APARTMENTS
| Property | CLUBSIDE APARTMENTS |
| Address | 1020 CAPRI ISLAND BOULEVARD; Venice, FL 34292 |
| Property type | Multifamily |
| Units, beds or keys | 77 |
| Net rentable square feet | not yet reported |
| Year built | 1987 |
| Year last renovated | 2017 |
| Original balance | $6.5M |
| Current balance | $6.5M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.64% |
| Current interest rate | 3.64% |
| Origination date | 09-23-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-10-06 |
| Prepayment lockout end | 07-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Column Financial, Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 09-30-2025 |
| Revenue | $971,761 |
| Operating expenses | $502,317 |
| Net operating income | $469,444 |
| Net cash flow | $452,856 |
| DSCR (net cash flow) | 2.51 |
| DSCR (net operating income) | 2.61 |
| Occupancy | 90% |
| Servicer advances outstanding | $0 |
1165 STATION ROAD
| Property | 1165 STATION ROAD |
| Address | 1165 STATION ROAD; Medford, NY 11763 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 42,759 |
| Year built | 2005 |
| Year last renovated | 2024 |
| Original balance | $6.4M |
| Current balance | $6.4M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 6.70% |
| Current interest rate | 6.70% |
| Origination date | 12-31-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-01-06 |
| Prepayment lockout end | 02-05-2026 |
| Yield maintenance end | 07-05-2029 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| 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 | $484,938 |
| Operating expenses | $154,486 |
| Net operating income | $330,452 |
| Net cash flow | $314,742 |
| DSCR (net cash flow) | 1.45 |
| DSCR (net operating income) | 1.52 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
PA & IL Self Storage Portfolio
| Property | PA & IL Self Storage Portfolio |
| Address | not yet reported |
| Property type | Self storage |
| Units, beds or keys | 1032 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $6.3M |
| Current balance | $6.2M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.49% |
| Current interest rate | 4.49% |
| Origination date | 10-26-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 36 months |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 08-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $1.3M |
| Operating expenses | $422,682 |
| Net operating income | $873,499 |
| Net cash flow | $850,652 |
| DSCR (net cash flow) | 2.22 |
| DSCR (net operating income) | 2.28 |
| Occupancy | 78% |
| Servicer advances outstanding | $0 |
UNIROOM
| Property | UNIROOM |
| Address | 2923-2927 ALLESANDRO STREET; Los Angeles, CA 90039 |
| Property type | Multifamily |
| Units, beds or keys | 19 |
| Net rentable square feet | not yet reported |
| Year built | 2024 |
| Year last renovated | not yet reported |
| Original balance | $6.0M |
| Current balance | $6.0M (September 2026) |
| Share of deal balance | 0.7% |
| Interest rate at origination | 6.79% |
| Current interest rate | 6.79% |
| Origination date | 12-06-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-12-11 |
| Prepayment lockout end | 01-10-2027 |
| Yield maintenance end | 09-10-2029 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | WFB |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $644,462 |
| Operating expenses | $157,440 |
| Net operating income | $487,022 |
| Net cash flow | $481,198 |
| DSCR (net cash flow) | 1.16 |
| DSCR (net operating income) | 1.18 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
Michigan 4 MHC Portfolio
| Property | Michigan 4 MHC Portfolio |
| Address | MI |
| Property type | Manufactured housing |
| Units, beds or keys | 360 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $6.2M |
| Current balance | $5.7M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.15% |
| Current interest rate | 4.15% |
| Origination date | 10-07-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2031-10-06 |
| Prepayment lockout end | 07-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 09-30-2025 |
| Revenue | $1.6M |
| Operating expenses | $817,369 |
| Net operating income | $779,214 |
| Net cash flow | $765,714 |
| DSCR (net cash flow) | 2.82 |
| DSCR (net operating income) | 2.87 |
| Occupancy | 95% |
| Servicer advances outstanding | $0 |
BEACH BLUFF APARTMENTS
| Property | BEACH BLUFF APARTMENTS |
| Address | 3210 DISCOVERY WAY; Jacksonville, FL 32224 |
| Property type | Multifamily |
| Units, beds or keys | 88 |
| Net rentable square feet | not yet reported |
| Year built | 1988 |
| Year last renovated | not yet reported |
| Original balance | $5.5M |
| Current balance | $5.5M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.34% |
| Current interest rate | 3.34% |
| Origination date | 09-23-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-10-06 |
| Prepayment lockout end | 07-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Column Financial, Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 09-30-2025 |
| Revenue | $930,208 |
| Operating expenses | $470,481 |
| Net operating income | $459,727 |
| Net cash flow | $440,941 |
| DSCR (net cash flow) | 3.14 |
| DSCR (net operating income) | 3.27 |
| Occupancy | 97% |
| Servicer advances outstanding | $0 |
Guttman Portfolio
| Property | Guttman Portfolio |
| Address | Bronx, NY |
| Property type | Multifamily |
| Units, beds or keys | 20 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | 2024 |
| Original balance | $5.3M |
| Current balance | $5.3M (September 2026) |
| Share of deal balance | 0.6% |
| Interest rate at origination | 7.25% |
| Current interest rate | 7.25% |
| Origination date | 12-18-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-01-06 |
| Prepayment lockout end | 01-05-2026 |
| Yield maintenance end | 07-05-2029 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $617,815 |
| Operating expenses | $129,148 |
| Net operating income | $488,667 |
| Net cash flow | $484,667 |
| DSCR (net cash flow) | 1.26 |
| DSCR (net operating income) | 1.27 |
| Occupancy | 91% |
| Servicer advances outstanding | $0 |
FULTON CROSSING
| Property | FULTON CROSSING |
| Address | 100-118 HIGHWAY 72; Corinth, MS 38834 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 179,905 |
| Year built | 1992 |
| Year last renovated | not yet reported |
| Original balance | $5.0M |
| Current balance | $5.0M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.15% |
| Current interest rate | 4.15% |
| Origination date | 10-21-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 60 months |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | 08-05-2031 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BSPRT CMBS Finance, 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) | 09-30-2025 |
| Revenue | $871,899 |
| Operating expenses | $359,188 |
| Net operating income | $512,711 |
| Net cash flow | $438,500 |
| DSCR (net cash flow) | 2.76 |
| DSCR (net operating income) | 3.23 |
| Occupancy | 78% |
| Servicer advances outstanding | $0 |
880 ACORN
| Property | 880 ACORN |
| Address | 870 ACORN DRIVE, 880 ACORN DRIVE, 1620 RED OAK STREET AND 1630 RED OAK STREET; Harrisonburg, VA 22802 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 130,185 |
| Year built | 1995 |
| Year last renovated | 2017 |
| Original balance | $4.6M |
| Current balance | $4.6M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.84% |
| Current interest rate | 3.84% |
| Origination date | 09-15-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-10-06 |
| Prepayment lockout end | 07-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| 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) | 09-30-2025 |
| Revenue | $448,002 |
| Operating expenses | $40,032 |
| Net operating income | $407,970 |
| Net cash flow | $377,828 |
| DSCR (net cash flow) | 2.80 |
| DSCR (net operating income) | 3.02 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
2200 ROUTE 10
| Property | 2200 ROUTE 10 |
| Address | 2200 STATE ROUTE 10; Morris Plains, NJ 07950 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 63,143 |
| Year built | 1985 |
| Year last renovated | 2023 |
| Original balance | $4.7M |
| Current balance | $4.6M (September 2026) |
| Share of deal balance | 0.6% |
| Interest rate at origination | 7.43% |
| Current interest rate | 7.43% |
| Origination date | 11-25-2024 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2029-12-06 |
| Prepayment lockout end | 09-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | AREF2 |
| 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 | $710,670 |
| Operating expenses | $359,267 |
| Net operating income | $351,403 |
| Net cash flow | $341,616 |
| DSCR (net cash flow) | 1.76 |
| DSCR (net operating income) | 1.81 |
| Occupancy | 91% |
| Servicer advances outstanding | $0 |
4471 JIMMY LEE SMITH PARKWAY
| Property | 4471 JIMMY LEE SMITH PARKWAY |
| Address | 4471 JIMMY LEE SMITH PARKWAY; Hiram, GA 30141 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 78,346 |
| Year built | 1996 |
| Year last renovated | not yet reported |
| Original balance | $5.0M |
| Current balance | $4.6M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.62% |
| Current interest rate | 3.62% |
| Origination date | 10-19-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 08-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, 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) | 09-30-2025 |
| Revenue | $786,664 |
| Operating expenses | $181,895 |
| Net operating income | $604,769 |
| Net cash flow | $554,824 |
| DSCR (net cash flow) | 2.71 |
| DSCR (net operating income) | 2.95 |
| Occupancy | 98% |
| Servicer advances outstanding | $0 |
3854 BAILEY AVENUE
| Property | 3854 BAILEY AVENUE |
| Address | 3854 BAILEY AVENUE; Bronx, NY 10463 |
| Property type | Multifamily |
| Units, beds or keys | 15 |
| Net rentable square feet | not yet reported |
| Year built | 2024 |
| Year last renovated | not yet reported |
| Original balance | $4.5M |
| Current balance | $4.4M (September 2026) |
| Share of deal balance | 0.5% |
| Interest rate at origination | 7.33% |
| Current interest rate | 7.33% |
| Origination date | 12-03-2024 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2029-12-06 |
| Prepayment lockout end | 12-05-2026 |
| Yield maintenance end | 09-05-2029 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $574,172 |
| Operating expenses | $130,219 |
| Net operating income | $443,953 |
| Net cash flow | $440,953 |
| DSCR (net cash flow) | 1.20 |
| DSCR (net operating income) | 1.21 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
MM Retail Portfolio
| Property | MM Retail Portfolio |
| Address | not yet reported |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $4.0M |
| Current balance | $4.0M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.50% |
| Current interest rate | 3.50% |
| Origination date | 07-15-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-08-11 |
| Prepayment lockout end | 01-10-2024 |
| Yield maintenance end | 05-10-2031 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | WFB |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 09-30-2025 |
| Revenue | $646,048 |
| Operating expenses | $160,958 |
| Net operating income | $485,090 |
| Net cash flow | $464,786 |
| DSCR (net cash flow) | 4.37 |
| DSCR (net operating income) | 4.56 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
29 WEST 27TH STREET
| Property | 29 WEST 27TH STREET |
| Address | 29 WEST 27TH STREET; New York, NY 10001 |
| Property type | Mixed use |
| Units, beds or keys | 9 |
| Net rentable square feet | not yet reported |
| Year built | 1925 |
| Year last renovated | not yet reported |
| Original balance | $4.0M |
| Current balance | $4.0M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.67% |
| Current interest rate | 4.67% |
| Origination date | 10-21-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 08-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, 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) | 09-30-2025 |
| Revenue | $417,623 |
| Operating expenses | $183,490 |
| Net operating income | $234,133 |
| Net cash flow | $231,121 |
| DSCR (net cash flow) | 1.64 |
| DSCR (net operating income) | 1.66 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
506 E 6TH STREET
| Property | 506 E 6TH STREET |
| Address | 506 EAST 6TH STREET; New York, NY 10009 |
| Property type | Multifamily |
| Units, beds or keys | 14 |
| Net rentable square feet | not yet reported |
| Year built | 1920 |
| Year last renovated | 2020 |
| Original balance | $3.8M |
| Current balance | $3.8M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.27% |
| Current interest rate | 4.27% |
| Origination date | 11-01-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 11-05-2023 |
| Yield maintenance end | 08-05-2031 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $450,035 |
| Operating expenses | $171,204 |
| Net operating income | $278,832 |
| Net cash flow | $276,032 |
| DSCR (net cash flow) | 1.68 |
| DSCR (net operating income) | 1.69 |
| Occupancy | 93% |
| Servicer advances outstanding | $0 |
2701 EAST TIOGA STREET
| Property | 2701 EAST TIOGA STREET |
| Address | 2701-2725 EAST TIOGA STREET; Philadelphia, PA 19134 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 117,100 |
| Year built | 1920 |
| Year last renovated | not yet reported |
| Original balance | $4.0M |
| Current balance | $3.7M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.62% |
| Current interest rate | 3.62% |
| Origination date | 10-27-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 08-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, 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) | 09-30-2025 |
| Revenue | $655,735 |
| Operating expenses | $135,684 |
| Net operating income | $520,051 |
| Net cash flow | $448,913 |
| DSCR (net cash flow) | 2.70 |
| DSCR (net operating income) | 3.13 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
WALGREENS - SOCORRO
| Property | WALGREENS - SOCORRO |
| Address | 10850 NORTH LOOP DRIVE; Socorro, TX 79927 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 14,820 |
| Year built | 2008 |
| Year last renovated | not yet reported |
| Original balance | $3.7M |
| Current balance | $3.7M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.03% |
| Current interest rate | 4.03% |
| Origination date | 06-17-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-07-11 |
| Prepayment lockout end | 04-10-2031 |
| 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
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 12-31-2025 |
| Revenue | $335,000 |
| Operating expenses | $5,538 |
| Net operating income | $329,462 |
| Net cash flow | $327,980 |
| DSCR (net cash flow) | 2.17 |
| DSCR (net operating income) | 2.18 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
BYRDS MINI STORAGE
| Property | BYRDS MINI STORAGE |
| Address | 635 INDUSTRIAL BOULEVARD, 319 LINWOOD DRIVE, 879 SW AIRPORT DRIVE AND 1150 DORSEY STREET; Gainesville, GA 30501 |
| Property type | Self storage |
| Units, beds or keys | 458 |
| Net rentable square feet | 72,596 |
| Year built | 1987 |
| Year last renovated | 2005 |
| Original balance | $3.6M |
| Current balance | $3.6M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.88% |
| Current interest rate | 3.88% |
| Origination date | 10-13-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 08-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 09-30-2025 |
| Revenue | $441,931 |
| Operating expenses | $236,140 |
| Net operating income | $205,791 |
| Net cash flow | $200,391 |
| DSCR (net cash flow) | 1.90 |
| DSCR (net operating income) | 1.95 |
| Occupancy | 72% |
| Servicer advances outstanding | $0 |
FARMINGTON CVS
| Property | FARMINGTON CVS |
| Address | 19605 PILOT KNOB ROAD; Farmington, MN 55024 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 15,207 |
| Year built | 2007 |
| Year last renovated | not yet reported |
| Original balance | $3.4M |
| Current balance | $3.4M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.95% |
| Current interest rate | 3.95% |
| Origination date | 11-05-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 08-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, 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) | 12-31-2025 |
| Revenue | $262,000 |
| Operating expenses | $0 |
| Net operating income | $262,000 |
| Net cash flow | $262,000 |
| DSCR (net cash flow) | 1.92 |
| DSCR (net operating income) | 1.92 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
NORTHCREEK MEDICAL OFFICE
| Property | NORTHCREEK MEDICAL OFFICE |
| Address | 3103 BUSINESS PARK CIRCLE; Goodlettsville, TN 37072 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 17,000 |
| Year built | 2017 |
| Year last renovated | not yet reported |
| Original balance | $3.1M |
| Current balance | $3.1M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.15% |
| Current interest rate | 4.15% |
| Origination date | 11-05-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 07-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, 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) | 12-31-2025 |
| Revenue | $501,951 |
| Operating expenses | $177,831 |
| Net operating income | $324,120 |
| Net cash flow | $304,570 |
| DSCR (net cash flow) | 2.30 |
| DSCR (net operating income) | 2.45 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
MURFREESBORO CVS
| Property | MURFREESBORO CVS |
| Address | 2398 NEW SALEM HIGHWAY; Murfreesboro, TN 37128 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 13,360 |
| Year built | 2008 |
| Year last renovated | not yet reported |
| Original balance | $3.0M |
| Current balance | $3.0M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.95% |
| Current interest rate | 3.95% |
| Origination date | 11-05-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 08-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, 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) | 12-31-2025 |
| Revenue | $233,000 |
| Operating expenses | $0 |
| Net operating income | $233,000 |
| Net cash flow | $233,000 |
| DSCR (net cash flow) | 1.91 |
| DSCR (net operating income) | 1.91 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
WALNUT CREEK PLAZA
| Property | WALNUT CREEK PLAZA |
| Address | 1456 GRAY HIGHWAY; Macon, GA 31211 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 36,674 |
| Year built | 2000 |
| Year last renovated | not yet reported |
| Original balance | $3.3M |
| Current balance | $3.0M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.83% |
| Current interest rate | 3.83% |
| Origination date | 11-05-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 08-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BSPRT CMBS Finance, 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) | 12-31-2025 |
| Revenue | $613,062 |
| Operating expenses | $206,066 |
| Net operating income | $406,996 |
| Net cash flow | $364,821 |
| DSCR (net cash flow) | 1.96 |
| DSCR (net operating income) | 2.19 |
| Occupancy | 91% |
| Servicer advances outstanding | $0 |
CVS MOODY
| Property | CVS MOODY |
| Address | 2828 MOODY PARKWAY; Moody, AL 35004 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 13,225 |
| Year built | 2009 |
| Year last renovated | not yet reported |
| Original balance | $3.3M |
| Current balance | $3.0M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.20% |
| Current interest rate | 3.20% |
| Origination date | 09-24-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2031-10-06 |
| Prepayment lockout end | 07-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, 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) | 12-31-2025 |
| Revenue | $330,625 |
| Operating expenses | $1,657 |
| Net operating income | $328,968 |
| Net cash flow | $328,968 |
| DSCR (net cash flow) | 1.94 |
| DSCR (net operating income) | 1.94 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
300 LOMBARD STREET
| Property | 300 LOMBARD STREET |
| Address | 300 LOMBARD STREET; Thousand Oaks, CA 91360 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 8,333 |
| Year built | 1991 |
| Year last renovated | not yet reported |
| Original balance | $2.9M |
| Current balance | $2.9M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.74% |
| Current interest rate | 4.74% |
| Origination date | 11-02-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 08-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, 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) | 12-31-2025 |
| Revenue | $309,503 |
| Operating expenses | $64,976 |
| Net operating income | $244,527 |
| Net cash flow | $237,944 |
| DSCR (net cash flow) | 1.72 |
| DSCR (net operating income) | 1.77 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
DAVITA - BOILING SPRINGS
| Property | DAVITA - BOILING SPRINGS |
| Address | 196 SLOANE GARDEN ROAD; Boiling Springs, SC 29316 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 7,494 |
| Year built | 2020 |
| Year last renovated | not yet reported |
| Original balance | $2.1M |
| Current balance | $2.1M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.09% |
| Current interest rate | 4.09% |
| Origination date | 09-22-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2031-10-06 |
| Prepayment lockout end | 07-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| 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 | $213,358 |
| Operating expenses | $6,401 |
| Net operating income | $206,957 |
| Net cash flow | $198,246 |
| DSCR (net cash flow) | 2.28 |
| DSCR (net operating income) | 2.38 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
DONALDSON SELF STORAGE
| Property | DONALDSON SELF STORAGE |
| Address | 108 OLD STANDING SPRINGS ROAD; Greenville, SC 29605 |
| Property type | Self storage |
| Units, beds or keys | 275 |
| Net rentable square feet | 47,400 |
| Year built | 2000 |
| Year last renovated | not yet reported |
| Original balance | $1.9M |
| Current balance | $1.9M (March 2026) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.44% |
| Current interest rate | 4.44% |
| Origination date | 11-08-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 48 months |
| Scheduled maturity | 2031-11-06 |
| Prepayment lockout end | 08-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Latest financials
| Financial period end (latest) | 09-30-2025 |
| Revenue | $384,128 |
| Operating expenses | $163,110 |
| Net operating income | $221,018 |
| Net cash flow | $217,463 |
| DSCR (net cash flow) | 3.37 |
| DSCR (net operating income) | 3.42 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |