CMBS Commentary: CMBS Remit Roundup: through July 13th, 2026

Research evidence excerpt

CMBS Commentary: CMBS Remit Roundup: through July 13th, 2026

The largest SASB loans with notable changes include:

One Market Plaza - OMPT 2017-1MKT

One Market Plaza - OMPT 2017-1MKT - Office - $850.0 mm: The servicer reported a

new NCF of $80.1mm as of March 2026, vs $92.4mm as of December 2025, reflecting a

-13.4% change based on our best annualized estimates. For the new NCF value, whole

loan DSCR is now 2.3x. No new notable servicer commentary.

712 Fifth Avenue - MSDB 2017-712F

712 Fifth Avenue - MSDB 2017-712F - Office - $300.0 mm: The servicer reported a new

NCF of $15.6mm as of March 2026, vs $20.9mm as of December 2025, reflecting a -

25.2% change based on our best annualized estimates. For the new NCF value, whole

loan DSCR is now 1.5x.

Lakewood Center Mall - DBWF 2015-LCM

Lakewood Center Mall - DBWF 2015-LCM - Retail - $239.0 mm: The servicer reported a

new delinquency status of "performing matured balloon". The prior status was "non-

performing matured balloon". Per the servicer commentary, loan matured 06/01/26 and

the borrower is working to refinance the loan. Borrower has also requested a

modification/extension to allow for the sale of certain parcels to reduce the refinancing

risk. Terms sheet has been signed - lender review/approval in process.

Appendix: collection methodology

Starting July 2022, remittance records published in this report will adhere to the

following thresholds:

(i) For changes in Net Cash Flow (NCF) or Net Operating Income (NOI):

a. Total absolute change in NCF or NOI must exceed or equal 10% the

previously reported NCF or NOI respectively

(ii) For loan modifications or delinquency status changes:

a. Servicer (master or special) must include details with respect to any

loan flagged as delinquent or in REO. This is intended to eliminate