Exhibit 99.1

		Deloitte & Touche LLP Suite 400 Harborside Plaza 10 Jersey City, NJ 07311 USA
Ready Capital Corporation 1251 Avenue of the Americas, 50th Floor New York, New York 10020		Tel: +1 212 937 8200 Fax: +1 212 937 8298 www.deloitte.com

Independent Accountants’ Report

on Applying Agreed-Upon Procedures

We have performed the procedures described below, which were agreed to by Ready Capital Corporation (the “Company”) and J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Piper Sandler & Co. (together with the Company, the “Specified Parties”), related to the Specified Parties’ evaluation of certain information with respect to a portfolio of commercial mortgage loans in conjunction with the proposed offering of Ready Capital Mortgage Financing 2021-FL5, Floating Rate Notes.

The Company is responsible for the information provided to us, including the information set forth in the Data File (as defined herein). The sufficiency of these procedures is solely the responsibility of the Specified Parties of this report. Consequently, we make no representations regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

Procedures and Findings

On March 10, 2021, representatives of the Company provided us with a computer-generated commercial mortgage loan data file and related record layout (the “Data File”) containing data, as represented to us by the Company, as of the close of business February 26, 2021 (the “Cutoff Date”), with respect to 58 commercial mortgage loans (the “Mortgage Loans”) that are secured by 65 mortgaged properties (the “Mortgaged Properties”).

In addition, representatives of the Company provided us with certain loan and property documentation (the “Source Documents” as listed in the attached Appendix A) related to the Mortgage Loans and their related Mortgaged Properties.

We were not requested to perform, and we did not perform, any procedures with respect to the preparation or verification of any of the information set forth on the Source Documents and we make no representations concerning the accuracy or completeness of any of the information contained therein. In certain instances, our comparisons and recomputations were made using data imaged facsimiles or photocopies of the Source Documents. In addition, we make no representations as to whether the Source Documents are comprehensive and valid instruments and reflect the current prevailing terms with respect to the corresponding Mortgage Loans or Mortgaged Properties.

At your request, for each of the Mortgage Loans and their related Mortgaged Properties set forth on the Data File, we compared certain characteristics (the “Characteristics” as indicated on Appendix A) set forth on the Data File, except for those Characteristics identified on Appendix A as “Informational purposes only” or “Not applicable,” to the corresponding information set forth on or derived from the corresponding Source Documents and found them to be in agreement.

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We make no representations as to the (i) actual characteristics or existence of the underlying documents or data comprising the Mortgage Loans or Mortgaged Properties underlying the Data File or the conformity of their characteristics with those assumed for purposes of the procedures described herein, (ii) existence or ownership of the Mortgage Loans or Mortgaged Properties or (iii) reasonableness of any of the aforementioned assumptions, information or methodologies.

It should be understood that we make no representations as to questions of legal interpretation or as to the sufficiency for your purposes of the procedures enumerated in the preceding paragraphs. Also, such procedures would not necessarily reveal any material misstatement of the information referred to above. We have no responsibility to update this report for events and circumstances that occur subsequent to the date of this report.

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to conduct, and did not conduct, an (i) audit conducted in accordance with generally accepted auditing standards or (ii) examination or a review conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants, the objective of which would be the expression of an opinion or conclusion, respectively, on the accompanying information. Accordingly, we do not express such an opinion or conclusion, or any other form of assurance, including reasonable assurance. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

None of the engagement, procedures or report was intended to address, nor did they address, the (i) conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) value of collateral securing such assets or (iii) compliance of the originator of the assets with federal, state, and local laws and regulations.

None of the engagement, procedures or report were intended to satisfy, nor did they satisfy, any criteria for due diligence published by a nationally recognized statistical rating organization.

This report is intended solely for the information and use of the Specified Parties identified above and is not intended to be and should not be used by anyone other than these Specified Parties.

Yours truly,

/s/ Deloitte & Touche LLP

March 10, 2021

Appendix A

Source Documents

For purposes of performing the agreed-upon procedures described herein and at your request, we relied upon the following source documents, as provided to us by representatives of the Company, with respect to each of the Mortgage Loans and the related Mortgaged Properties (the “Source Documents”):

An electronic data file with respect to the additional debt, for each applicable Mortgage Loan (the “Additional Debt File”);

Loan agreement, promissory note, consolidated, amended and restated promissory notes, modification agreements, side letter to modification agreements, indenture, purchase and sale agreement, mortgage, deed of trust, deed of trust modifications, reserve agreement, partial prepayment statement and loan extension agreement (collectively, the “Loan Agreement”);

Interest rate cap agreement or interest rate cap confirmation (collectively, the “Interest Rate Cap

Agreement”);

Limited liability company agreement or recognition agreement, if applicable (collectively, “Preferred Equity Document”):

Master lease agreement or ground lease agreement, if applicable (collectively, “Lease Agreement”);

The closing statement, settlement statement or funding statement (collectively, the “Closing Statement”);

The most recent real estate property appraisal report available or, if not available, the real estate property appraisal report at origination (the “Most Recent Appraisal Report”);

Underwritten rent rolls, borrower rent rolls, tenant leases lease abstracts, lease summaries or lease estoppels (collectively, the “Rent Roll”);

The title policies or pro-forma title policies (collectively, the “Title Policy”);

The property engineering report (the “Engineering Report”);

The phase I environmental report (the “Phase I Report”);

The phase II environmental report (the “Phase II Report”);

The seismic report (the “Seismic Report”);

The property management agreement (the “Property Management Agreement”);

The cash management agreement and lockbox agreement (collectively, the “Cash Management Agreement”);

An electronic data file with respect to most recent underwritten financial summaries and operating statements (the “Underwritten Operating Statement File”);

The closing funding memo statement (the “Funding Memo”); and

An electronic data file with respect to certain servicer information (the “Servicer File”).

*With respect to the Mortgage Loans identified on the Data File as “Bungalows Del Mar,” “Redcar Culver City Upsize,” “Traction Free Market,” “8400 Winchester,” “3960-3980 Fabian Way,” “The Teale,” “130 Commerce Center,” “1640 South Loop Road,” “The Mabel Exchange,” “644 and 730 Manhattan Ave” and “Airport Industrial Portfolio,” we were instructed by the Company that an amount less than or equal to zero (as set forth on or derived from the Underwritten Operating Statement File) is deemed to be in agreement with “NAP” for purposes of our procedures.

Calculation Procedures

With respect to Characteristic 23, we recomputed the Mortgage Loan Cutoff Date Balance As-Is LTV (%) as the quotient of the (i) Mortgage Loan Cutoff Date Balance ($) over (ii) As-Is Appraised Value ($). Further, with respect to the Mortgage Loans identified on the Data File as “Dublin Techmart” and “7660 Woodway,” we were instructed to replace clause (i) of this procedure with the sum of the (a) Mortgage Loan Cutoff Date Balance ($) and (b) non-trust fixed loan amount of $7,135,940 and $11,400,000, respectively.

With respect to Characteristic 24, we recomputed the Mortgage Cutoff Date Balance (At Risk) As-Is LTV (%) as the quotient of the (i) Cut-off Date Mortgage Loan Balance (At Risk) ($) over (ii) As-Is Appraised Value ($). Further, with respect to the Mortgage Loans identified on the Data File as “Dublin Techmart” and “7660 Woodway,” we were instructed to replace clause (i) of this procedure with the sum of the (a) Mortgage Loan Cutoff Date Balance ($) and (b) non-trust fixed loan amount of $7,135,940 and $11,400,000, respectively.

With respect to Characteristic 25, we recomputed the Fully Funded Mortgage Loan Cutoff Date Balance As-Stabilized LTV (%) as the quotient of the (i) Fully Funded Mortgage Loan Cutoff Date Balance ($) over (ii) As-Stabilized Appraised Value ($), if any, or else by the As-Is Appraised Value ($). Further, with respect to the Mortgage Loans identified on the Data File as “Dublin Techmart” and “7660 Woodway,” we were instructed to replace clause (i) of this procedure with the sum of the (a) Mortgage Loan Cutoff Date Balance ($) and (b) non-trust fixed loan amount of $7,135,940 and $11,400,000, respectively.

With respect to Characteristic 28, we recomputed the % of Aggregate Mortgage Loan Cutoff Date Balance as the quotient of the (i) Mortgage Loan Cutoff Date Balance ($) for the respective Mortgage Loan over (ii) sum of the Mortgage Loan Cutoff Date Balance ($) for all Mortgage Loans.

With respect to Characteristic 29, we recomputed the Cut-off Date Mortgage Rate (%) as the sum of (i) the Cut-off Date Mortgage Loan Gross Margin (%) and (ii) the greater of the (x) LIBOR Floor (%) and (y) “assumed LIBOR rate” of 0.11850% (as provided to us by representatives of the Company) and applying, if applicable, the Rounding Factor.

With respect to Characteristic 30, we recomputed the Cut-off Date Mortgage Loan Gross Margin (%) as the quotient of (i) the difference between (A) the product of the (x) Whole Loan Mortgage Cutoff Date Balance ($) and (y) Whole Loan Gross Margin (%) and (B) the product of the (x) Additional Debt Cutoff Date Balance ($) and (y) Additional Debt Gross Margin (%) over (ii) Mortgage Loan Cutoff Date Balance ($). Further, with respect to the Mortgage Loans identified on the Data File as “Dublin Techmart” and “7660 Woodway,” we set the Cut-off Date Mortgage Loan Gross Margin (%) equal to the Whole Loan Gross Margin (%).

With respect to Characteristic 31, we recomputed the Cut-off Date Mortgage Loan Balance (At Risk) ($) as the difference between (i) the Mortgage Loan Cutoff Date Balance ($) and (ii) the sum of (a) the Current Balance Capital Expenditure Reserve ($), (b) the Current Balance TI/LC Reserve ($) and (c) for those Mortgage Loans that indicate “earnout reserve” in Description Other Reserve 1 or in Description Other Reserve 2, the related Current Balance Other Reserve 1 ($) or Current Balance Other Reserve 2 ($), as applicable.

With respect to Characteristic 32, we recomputed the Fully Funded Mortgage Loan Cutoff Date Balance ($) as the sum of the (i) Mortgage Loan Cutoff Date Balance ($) and (ii) Pari Passu Future Funding Participation ($).

With respect to Characteristic 33, we recomputed the Mortgage Loan Cutoff Date Balance ($)/ Unit as the quotient of the (i) Mortgage Loan Cutoff Date Balance ($) over (ii) # of Units. Further, with respect to the Mortgage Loans identified on the Data File as “Dublin Techmart” and “7660 Woodway,” we were

instructed to replace clause (i) of this procedure with the sum of the (a) Mortgage Loan Cutoff Date Balance ($) and (b) non-trust fixed loan amount of $7,135,940 and $11,400,000, respectively.

With respect to Characteristic 34, we recomputed the Mortgage Loan Cutoff Date Balance (At Risk) ($)/ Unit as the quotient of the (i) Cut-off Date Mortgage Loan Balance (At Risk) ($) over (ii) # of Units. Further, with respect to the Mortgage Loans identified on the Data File as “Dublin Techmart” and “7660 Woodway,” we were instructed to replace clause (i) of this procedure with the sum of the (a) Mortgage Loan Cutoff Date Balance ($) and (b) non-trust fixed loan amount of $7,135,940 and $11,400,000, respectively.

With respect to Characteristic 35, we recomputed the Fully Funded Whole Loan Mortgage Cutoff Date Balance ($)/ Unit as the quotient of the (i) Fully Funded Whole Loan Mortgage Balance ($) over (ii) # of Units.

With respect to Characteristic 39, we recomputed the Original Loan Term (months) by determining the number of payment dates from and inclusive of the First Payment Date to and inclusive of the Initial Maturity Date.

With respect to Characteristic 40, we recomputed the Remaining Loan Term (months) as the difference between Original Loan Term (months) and Seasoning (months).

With respect to Characteristic 41, we recomputed the Seasoning (months) by determining the number of payment dates from and inclusive of the First Payment Date to and inclusive of the Cutoff Date.

With respect to Characteristic 54, we recomputed the Fully Extended Loan Term (months) as the sum of the (a) Original Loan Term (months), (b) First Extension Period (months), (c) Second Extension Period (months) and (d) Third Extension Period (months), as applicable.

With respect to Characteristic 55, we recomputed the Fully Extended Remaining Loan Term (months) as the difference between the Fully Extended Loan Term (months) and the Seasoning (months).

With respect to Characteristic 57, we recomputed the Whole Loan Mortgage Rate (%) as the sum of (i) the Whole Loan Gross Margin (%) and (ii) the greater of the (x) LIBOR Floor (%) and (y) assumed LIBOR rate and applying, if applicable, the Rounding Factor.

With respect to Characteristic 74, we recomputed the Current Prepayment Provision using the (i) Seasoning (months) and (ii) Original Prepayment Provision.

With respect to Characteristic 113, we recomputed the Mortgage Loan Annual Debt Service ($):

With respect to Characteristic 114, we recomputed the Mortgage Loan Annual Debt Service (Cap) ($):

the sum of the (1) Initial LIBOR Cap Strike Price (%) and (2) Whole Loan Gross Margin (%) and (c) a fraction equal to 365/360 and (ii) the product of (a) the non-trust fixed loan amount of $7,135,940 and $11,400,000, respectively, (b) the non-trust fixed mortgage rate of 4.800% and 4.650%, respectively, and (c) a fraction equal to 365/360. With respect to those Mortgage Loans with an Initial LIBOR Cap Strike Price (%) equal to “N/A,” we set the Initial LIBOR Cap Strike Price (%) equal to the assumed LIBOR rate; and

With respect to Characteristic 115, we recomputed the Fully Funded Mortgage Loan Annual Debt Service ($):

With respect to Characteristic 116, we recomputed the Fully Funded Mortgage Loan Annual Debt Service (Cap) ($):

LIBOR Cap Strike Price (%) equal to “N/A,” we set the Initial LIBOR Cap Strike Price (%) equal to the assumed LIBOR rate;

With respect to Characteristic 117, we recomputed the Mortgage Loan U/W NCF DSCR (x) as the quotient of (x) the sum of the (a) UW NCF ($) and (b) Current Balance Debt Service Reserve ($) over (y) the Mortgage Loan Annual Debt Service ($); provided that, with respect to any Mortgage Loan with a Current Balance Debt Service Reserve ($) greater than zero or the Recourse/Guaranties Description (excluding non-recourse carve-out and environmental liabilities) indicates that the Sponsor guarantees the interest payment, the Mortgage Loan U/W NCF DSCR (x) is equal to the greater of the quotient calculated above or 1.00x.

With respect to Characteristic 118, we recomputed the Mortgage Loan U/W NOI Debt Yield (%) as the greater of (a) 0% or (b) the quotient of the (i) UW NOI ($) over (ii) Mortgage Loan Cutoff Date Balance ($). Further, with respect to the Mortgage Loans identified on the Data File as “Dublin Techmart” and “7660 Woodway,” we were instructed to replace clause (ii) of this procedure with the sum of the (a) Mortgage Loan Cutoff Date Balance ($) and (b) non-trust fixed loan amount of $7,135,940 and $11,400,000, respectively.

With respect to Characteristic 119, we recomputed the Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR (x) as the quotient of the (x) Appraisal Stabilized NCF ($), if any, or else by the UW NCF ($) and (y) Fully Funded Mortgage Loan Annual Debt Service ($); provided that, with respect to any Mortgage Loan with a Current Balance Debt Service Reserve ($) greater than zero or a Recourse/Guaranties Description (excluding non-recourse carve-out and environmental liabilities) indicating that the Sponsor guarantees the interest payment, the Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR (x) is equal to the greater of the quotient calculated above or 1.00x.

With respect to Characteristic 120, we recomputed the Fully Funded Mortgage Loan Appraisal Stabilized NOI Debt Yield (%) as the greater of (a) 0% or (b) the quotient of the (i) Appraisal Stabilized NOI ($), if any, or else by the UW NOI ($) and (ii) Fully Funded Mortgage Loan Cutoff Date Balance ($). Further, with respect to the Mortgage Loans identified on the Data File as “Dublin Techmart” and “7660 Woodway,” we were instructed to replace clause (ii) of this procedure with the sum of the (a) Mortgage Loan Cutoff Date Balance ($) and (b) non-trust fixed loan amount of $7,135,940 and $11,400,000, respectively.

With respect to Characteristic 124, we recomputed the Additional Debt Gross Margin (%) as the difference between (A) the Additional Debt Interest Rate (%) and (B) the greater of the (x) LIBOR Floor (%) and (y) assumed LIBOR rate and applying, if applicable, the Rounding Factor. This procedure was only performed for Mortgage Loans with an Additional Debt Cutoff Date Balance ($) greater than 0.

With respect to Characteristic 125, we recomputed the Total Future Funding Participation ($) as the difference between the (i) total commitment balance (as set forth on the Loan Agreement) and (ii) sum of the (a) Mortgage Loan Cutoff Date Balance ($) and (b) Additional Debt Cutoff Date Balance ($).

With respect to Characteristic 126, we recomputed the Pari Passu Future Funding Participation ($) as the product of the (i) Total Future Funding Participation ($) and (ii) quotient of (a) the Mortgage Loan Cutoff Date Balance ($) over (b) the Whole Loan Mortgage Cutoff Date Balance ($). Further, with respect to the Mortgage Loans identified on the Data File as “Dublin Techmart” and “7660 Woodway,” we were instructed to set the Pari Passu Future Funding Participation ($) equal to the Total Future Funding Participation ($).

With respect to Characteristic 132, we recomputed the Fully Funded Whole Loan Mortgage Balance ($) as the sum of the (i) Mortgage Loan Cutoff Date Balance ($), (ii) Additional Debt Cutoff Date Balance ($) (if applicable) and (iii) Total Future Funding Participation ($). Further, with respect to the Mortgage Loans identified on the Data File as “Dublin Techmart” and “7660 Woodway,” we were instructed to replace clause (iii) of this procedure with the sum of the (a) Total Future Funding Participation ($) and (b) non-trust fixed loan amount of $7,135,940 and $11,400,000, respectively.

With respect to Characteristic 133, we recomputed the Whole Loan Mortgage Cutoff Date Balance ($) as the sum of the (i) Mortgage Loan Cutoff Date Balance ($) and (ii) Additional Debt Cutoff Date Balance ($). Further, with respect to the Mortgage Loans identified on the Data File as “Dublin Techmart” and “7660 Woodway,” we were instructed to replace clause (ii) of this procedure with the sum of the (a) Additional Debt Cutoff Date Balance ($) and (b) non-trust fixed loan amount of $7,135,940 and $11,400,000, respectively.

With respect to Characteristic 134, we recomputed the Whole Loan Mortgage Cutoff Date Balance As-is LTV (%) as the quotient of the (i) Whole Loan Mortgage Cutoff Date Balance ($) over (ii) As-Is Appraised Value ($).

With respect to Characteristic 135, we recomputed the Fully Funded Whole Loan Mortgage Balance As-Stabilized LTV % as the quotient of (i) the Fully Funded Whole Loan Mortgage Balance ($) over (ii) the As-Stabilized Appraised Value ($), if any, or else by the As-Is Appraised Value ($).

With respect to Characteristic 136, we recomputed the Whole Loan Mortgage Annual Debt Service ($):

With respect to Characteristic 137, we recomputed the Fully Funded Whole Loan Mortgage Annual Debt Service ($):

With respect to Characteristic 138, we recomputed the Fully Funded Whole Loan Mortgage Annual Debt Service (at Take Out) ($) as the product of (i) the Fully Funded Whole Loan Mortgage Balance ($), (ii) the “at take out rate” (as determined below), (iii) the Whole Loan Mortgage Rate (%) and (iv) for Mortgage Loans whose Interest Accrual Method is “Actual/360”, a fraction equal to 365/360.

The Company instructed us to assume the following “at take out rate” for each Mortgage Loan, based on its respective Property Type: (i) “Hospitality,” 5.8%, (ii) “Industrial” and “Mixed Use,” 5.6%, (iii) “Multifamily,” 5.7%, (iv) “Office” and “Retail,” 5.4% and (v) “Self-Storage,” 5.6%.

With respect to Characteristic 139, we recomputed the Fully Funded Whole Loan Mortgage Balloon Payment ($):

commitment balance (as set forth on the Loan Agreement) for floating trust amounts, respectively, and (ii) the amount calculated by using the First Payment Date, Interest Accrual Method, non-trust fixed mortgage rate of 4.800% and 4.650%, respectively, Original IO Periods (months) (if applicable), Initial Maturity Date, principal and interest annual debt service (as set forth on the Loan Agreement) for non-trust fixed loan amounts and non-trust fixed loan amounts of $7,135,940 and $11,400,000, respectively.

With respect to Characteristic 140, we recomputed the Fully Funded Whole Loan Mortgage Balloon Payment / Unit ($) as the quotient of the (i) Fully Funded Whole Loan Mortgage Balloon Payment ($) over (ii) # of Units.

With respect to Characteristic 141, we recomputed the Whole Loan Mortgage U/W NCF DSCR (x) as the quotient of (x) the sum of the (a) UW NCF ($) and (b) Current Balance Debt Service Reserve ($) over (y) the Whole Loan Mortgage Annual Debt Service ($); provided that, with respect to any Mortgage Loan with a Current Balance Debt Service Reserve ($) greater than zero or Recourse/Guaranties Description (excluding non-recourse carve-out and environmental liabilities) indicating that the Sponsor guarantees the interest payment, the Whole Loan Mortgage U/W NCF DSCR (x) is equal to the greater of the quotient calculated above or 1.00x.

With respect to Characteristic 142, we recomputed the Whole Loan Mortgage U/W NOI Debt Yield (%) as the greater of (a) 0% or (b) the quotient of the (i) UW NOI ($) over (ii) Whole Loan Mortgage Cutoff Date Balance ($).

With respect to Characteristic 143, we recomputed the Fully Funded Whole Loan Mortgage Appraisal Stabilized NCF DSCR (x) as the quotient of the (x) Appraisal Stabilized NCF ($), if any, or else by the UW NCF ($) and (y) Fully Funded Whole Loan Mortgage Annual Debt Service ($); provided that, with respect to any Mortgage Loan with a Current Balance Debt Service Reserve ($) greater than zero or Recourse/Guaranties Description (excluding non-recourse carve-out and environmental liabilities) indicates that the Sponsor guarantees the interest payment, the Fully Funded Whole Loan Mortgage Appraisal Stabilized NCF DSCR (x) is equal to the greater of the quotient calculated above or 1.00x.

With respect to Characteristic 144, we recomputed the Fully Funded Whole Loan Mortgage Appraisal Stabilized NOI Debt Yield (%) as the greater of (a) 0% or (b) the quotient of the (i) Appraisal Stabilized NOI ($), if any, or else by the UW NOI ($) over (ii) Fully Funded Whole Loan Mortgage Balance ($).

With respect to Characteristic 145, we recomputed the Fully Funded Whole Loan Mortgage Appraisal Stabilized NCF DSCR (at Take Out) (x) as the quotient of the (x) Appraisal Stabilized NCF ($), if any, or else by the UW NCF ($), over (y) Fully Funded Whole Loan Mortgage Annual Debt Service (at Take Out) ($); provided that, with respect to any Mortgage Loan with a Current Balance Debt Service Reserve ($) greater than zero or Recourse Recourse/Guaranties Description (excluding non-recourse carve-out and environmental liabilities) indicating that the Sponsor guarantees the interest payment, the Fully Funded Whole Loan Mortgage Appraisal Stabilized NCF DSCR (at Take Out) (x) is equal to the greater of the quotient calculated above or 1.00x.

With respect to Characteristic 146, we recomputed the Initial Mortgage Balance at Origination (at risk) ($) as the difference between (i) the Initial Mortgage Balance at Origination ($) and (ii) the sum of (a) the Upfront Capital Expenditure Reserve ($), (b) the Upfront TI/LC Reserve ($) and (c) for those Mortgage Loans that indicate “earnout reserve” in Description Other Reserve 1 or in Description Other Reserve 2, the respective amount indicated in the Upfront Other Reserve 1 ($) or Upfront Other Reserve 2 ($), as applicable. Further, with respect to the Mortgage Loans identified on the Data File as “Dublin Techmart” and “7660 Woodway,” we were instructed to replace clause (i) of this procedure with the sum of the (a)

Initial Mortgage Balance at Origination ($) and (b) non-trust fixed loan amounts of $7,135,940 and $11,400,000, respectively.

With respect to Characteristic 147, we recomputed the Whole Loan Mortgage Cutoff Date Balance (at risk) ($) as the difference between (i) the Whole Loan Mortgage Cutoff Date Balance ($) and (ii) the sum of (a) the Current Balance Capital Expenditure Reserve ($), (b) the Current Balance TI/LC Reserve ($) and (c) for those Mortgage Loans that indicate “earnout reserve” in Description Other Reserve 1 or in Description Other Reserve 2, the related Current Balance Other Reserve 1 ($) or Current Balance Other Reserve 2 ($), as applicable.

With respect to Characteristic 148, we recomputed the Initial Mortgage Balance at Origination (at risk) As-Is LTV (%) as the quotient of the (i) Initial Mortgage Balance at Origination (at risk) ($) over (ii) As-Is Appraised Value ($).

With respect to Characteristic 149, we recomputed the Whole Loan Mortgage Cutoff Date Balance (At Risk) As-Is LTV (%) as the quotient of the (i) Whole Loan Mortgage Cutoff Date Balance (at risk) ($) over (ii) As-Is Appraised Value ($).

With respect to Characteristic 150, we recomputed the Whole Loan Mortgage Cutoff Date Balance (At Risk) U/W NOI Debt Yield (%) as the greater of (a) 0% and (b) the quotient of the (i) UW NOI ($) over (ii) Whole Loan Mortgage Cutoff Date Balance (at risk) ($).

With respect to Characteristic 151, we recomputed the Total Maximum Reserves at Origination ($) as the sum of the (i) Maximum Capex Reserve at Origination ($), (ii) Maximum TI/LC Reserve at Origination ($), (iii) Maximum Operating Expense Reserve at Origination ($), (iv) Maximum Debt Service Reserve at Origination ($), (v) Maximum Other Reserve 1 at Origination ($) and (vi) Maximum Other Reserve 2 at Origination ($).

With respect to Characteristic 152, we recomputed the Total Upfront Funded Escrows and Reserves at Origination ($) as the sum of the (i) Upfront Capital Expenditure Reserve ($), (ii) Upfront TI/LC Reserve ($), (iii) Upfront Operating Expense Reserve ($), (iv) Upfront Debt Service Reserve ($), (v) Upfront Other Reserve 1 ($), (vi) Upfront Other Reserve 2 ($), (vii) Upfront Tax Escrow ($) and (viii) Upfront Insurance Escrow ($).

With respect to Characteristic 153, we recomputed the Total Current Escrows and Reserves at Servicer ($) as the sum of the (i) Current Balance Capital Expenditure Reserve ($), (ii) Current Balance TI/LC Reserve ($), (iii) Current Balance Operating Expense Reserve ($), (iv) Current Balance Debt Service Reserve ($), (v) Current Balance Other Reserve 1 ($), (vi) Current Balance Other Reserve 2 ($), (vii) Current Balance Tax Escrow ($), (viii) Current Balance Insurance Escrow ($) and (ix) Replacement Reserve (Cutoff Date) ($).

With respect to Characteristic 194, we recomputed the Largest Tenant % of NRSF as the quotient of the (i) Largest Tenant SF over (ii) # of Units. Further, with respect to the Mortgage Loan identified on the Data File as “Myrtle Avenue Portfolio,” we were instructed to replace clause (ii) of this procedure with 7,100. This procedure was only performed for Mortgage Loans with a Largest Tenant SF greater than 0.

With respect to Characteristic 198, we recomputed the Second Largest Tenant % of NRSF as the quotient of the (i) Second Largest Tenant SF over (ii) # of Units. Further, with respect to the Mortgage Loan identified on the Data File as “Myrtle Avenue Portfolio,” we were instructed to replace clause (ii) of this procedure with 7,100. This procedure was only performed for Mortgage Loans with a Second Largest Tenant SF greater than 0.

With respect to Characteristic 202, we recomputed the Third Largest Tenant % of NRSF as the quotient of the (i) Third Largest Tenant SF over (ii) # of Units. Further, with respect to the Mortgage Loan identified

on the Data File as “Myrtle Avenue Portfolio,” we were instructed to replace clause (ii) of this procedure with 7,100. This procedure was only performed for Mortgage Loans with a Third Largest Tenant SF greater than 0.

With respect to Characteristic 206, we recomputed the Fourth Largest Tenant % of NRSF as the quotient of the (i) Fourth Largest Tenant SF over (ii) # of Units. This procedure was only performed for Mortgage Loans with a Fourth Largest Tenant SF greater than 0.

With respect to Characteristic 210, we recomputed the Fifth Largest Tenant % of NRSF as the quotient of the (i) Fifth Largest Tenant SF over (ii) # of Units. This procedure was only performed for Mortgage Loans with a Fifth Largest Tenant SF greater than 0.