Credit support is computed from the class stack order in the prospectus: the share of the deal's principal balance in classes junior to the class. Interest-only classes carry a notional balance and no principal support figure. Ratings are the latest held in the dataset for each class and agency; NR means the agency shows the class as not rated, WR that the rating was withdrawn, PIF that the class has been paid in full. Any other status value is shown exactly as the agency reports it. A + after a CUSIP marks a class with companion CUSIPs in the dataset.
Pool at issuance
Loans
61
Original loan balance
$897.5M
Weighted average coupon
6.68%
Weighted average LTV
43.8%
Median loan LTV
61.1%
Full-term interest only (share of balance)
92.5%
Balloon loans (share of balance)
100.0%
Largest loan (share of balance)
8.7%
Five largest loans (share of balance)
25.8%
Occupancy at issuance (weighted average)
92.4%
Realized outcomes
Months reported
27
Peak 30+ delinquency
2.47% (September 2026)
Ever severe (share of original balance)
2.25%
Ever modified (share of original balance)
0.00%
Past scheduled maturity (share of original balance)
0.00%
Non-performing matured (share of original balance)
18.29%
Maximum servicer advances (share of balance)
0.10%
Median DSCR, first year
1.34
Median DSCR, latest
1.36
Realized stress score
46.2
Property types
Property type
Original balance
Share of pool
Multifamily
$301.7M
33.6%
Office
$99.3M
11.1%
Mixed use
$68.2M
7.6%
Retail
$65.1M
7.2%
Industrial
$54.1M
6.0%
Self storage
$40.5M
4.5%
Lodging
$33.6M
3.7%
Manufactured housing
$23.4M
2.6%
Other (code 98)
$5.9M
0.7%
Property type is reported for 77.1% of the pool balance; shares are of the full pool.
Monthly shares of the deal's reported balance, from the deal indicator series in the dataset. Months in which fewer than half of the reported loans carry a delinquency status code are not plotted.
Ratings
Classes with a CUSIP
19 of 19
Classes with a current rating in the dataset
18 of 19
Net rating change since issuance
+0.00 notches (balance-weighted)
Delinquency threshold crossed
Not crossed in the dataset
First downgrade
None recorded
Sources: SEC Form ABS-EE asset-level reports, Form 10-D distribution reports and the deal prospectus; rating histories published under SEC Rule 17g-7(b) and agency releases. Definitions are in the methods note on the market page.