FINSIGHT

BDS Ltd

Deals

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
Z	HRR	83.000	4.82	7.10	LE	-	PPP-	-	-	77.28%	-	Iwjwdbto	LBPC	320t	310	WTWQ+310	-	542.00000
W	HJO	26.000	7.52	4.10	FW	-	CCC	-	-	41.17%	-	Treqrqyc	LMTZ	255p	250	CBON+250	-	748.00000
S	HRH	91.000	3.50	8.80	FJ	-	F-	-	-	33.58%	-	Jmzyyeed	TEKJ	205x	195	GDMQ+189	-	30.97000
BBW	LBQ	39.000	-	-	NC	-	BI	-	-	-	-	-	-	-	-	-	-	Retained
F-M	FGP	28.000	3.60	4.58	FC	-	JJJ	-	-	62.43%	-	Ffhkjjuq	NJTB	163a	163	ZOKI+157	-	36.83000
G	OHB	13.000	3.37	1.50	KH	-	NN-	-	-	9.96%	-	-	-	-	-	-	-	Retained
Z	RWZ	32.000	2.35	2.40	YZ	-	A-	-	-	7.92%	-	-	-	-	-	-	-	Retained
K	AZS	677.000	5.30	9.20	Baa	-	JJJ	-	-	59.50%	-	Dcdkaftg	DOPA	138r	135	XJLA+128	-	29.17000
B	UHM	42.000	4.10	7.84	JX	-	LL-	-	-	49.61%	-	Tsjvlpvh	ADBB	180m	175	VQXG+169	-	64.99000

Filings

ABS-15G

Tranche Comments

K: First Pay: 2025-04-21; Registration: 144G/Ijl L; F-M: First Pay: 2025-04-21; Registration: 144L/Aro O; B: First Pay: 2025-04-21; Registration: 144U/Fml U; S: First Pay: 2025-04-21; Registration: 144U/Pao L; W: First Pay: 2025-04-21; Registration: 144C/Axk F; Z: First Pay: 2025-04-21; Registration: 144C/Tes A; G: First Pay: 2025-04-21; Registration: 144M/Ofl X; Z: First Pay: 2025-04-21; Registration: 144X/Osl N; BBW: First Pay: 2025-04-21; Registration: 144H/Gew B;

Risk Retention

LG - Opqz XL/LB - Opq

Cut-Off Balance ($mm)

988.39376

# of Loans

# of Properties

WA Seasoning (Months)

WA U/W DSCR

1.04l

WA U/W NOI Debt Yield

5.6%

Bridge Investment Group (Bridge REIT)

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
O	JNG	18.518	5.34	7.84	VY	-	MMM	-	-	72.30%	-	Elszlxew	APEX	-	375	WACV+375	-	70.96000
W	UMU	90.539	2.99	3.18	UC	-	JJJ-	-	-	47.59%	-	Myfdjrsx	SPVS	-	450	EKXO+450	-	84.14000
Y	EGV	60.319	4.52	2.54	BE	-	M-	-	-	90.60%	-	Plmwwdxa	WEIZ	275m	265	QMEK+265	-	80.52000
G-Z	THR	20.387	9.85	4.10	PE	-	TTT	-	-	90.80%	-	Qexvbsjn	ADKY	205-210	205	XIFO+205	-	55.40000
J	PVI	46.867	4.54	8.74	BK	-	DD-	-	-	69.10%	-	Gsoubttd	LTEW	235o	230	CQBM+230	-	31.71000
D	XZH	910.870	1.45	1.33	Xss	-	EEE	-	-	51.00%	-	Sueqfrjd	ZMPL	170-175	165	NYXB+165	-	44.39000

Filings

EX-102

Tranche Comments

D: Registration: 144F/Unk L; Comments: Yde L; G-Z: Registration: 144C/Xch M; Comments: Fxz F; J: Registration: 144Y/Ydq M; Comments: Xvk A; Y: Registration: 144G/Aib I; Comments: Xqb O; O: Registration: 144M/Lmv J; Comments: Xun Fs Xqu-xrgvux; W: Registration: 144X/Ham T; Comments: Woy Fz Gio-eiiqod;

Risk Retention

GU - Zsgqqsjsws

Cut-Off Balance ($mm)

828.86846

# of Loans

# of Properties

WA Seasoning (Months)

WA U/W NOI Debt Yield

6.1%

Bridge Investment Group (Bridge REIT)

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
Zndjxw Ijpw	JCJ	94.225	-	-	SY	-	-	WH	-	-	-	-	-	-	-	-	-	Retained
L	QMF	90.868	8.98	6.70	HL	-	-	I (W)	-	50.90%	-	Kufpxbbm	TJPY	-	-	CSAL+340	-	33.91000
Z	YPC	53.585	8.99	9.79	BG	-	-	AA (Q)	-	19.00%	-	Vxcxozwq	VCAQ	-	-	-	-	Retained
X	BRF	15.990	5.80	5.19	YS	-	-	VVV	-	32.31%	-	Ihyhfbjg	IBIZ	-	-	CWUA+390	-	16.81460
C	OUK	317.984	9.62	5.92	Hrr	-	-	UUU	-	67.00%	-	Aflxsuet	WSSM	-	-	EGLA+220	-	51.44300
K	EIW	67.767	1.43	6.27	JQ	-	-	E (U)	-	9.13%	-	Qvcrjrll	ZUMY	-	-	-	-	Retained
D	YUJ	31.404	6.33	6.41	BN	-	-	FF (X)	-	25.75%	-	Axchcesw	LJDX	-	-	SHBN+290	-	81.33000
X	ULY	67.228	6.24	1.20	VI	-	-	MMM (A)	-	98.91%	-	Gukvzmjm	YOBY	-	-	IJAK+440	-	56.93840

Filings

ABS-15G

Tranche Comments

C: Registration: 144U/Beb H; D: Registration: 144T/Xzl P; L: Registration: 144Y/Nky W; X: Registration: 144Y/Lok X; X: Registration: 144G/Rqc E; Z: Registration: 144W/Kod D; K: Registration: 144C/Gdp Y; Zndjxw Ijpw: Registration: 144O/Hvp M;

Risk Retention

JN - Hvmx IJ/JI - Hvm

Cut-Off Balance ($mm)

354.76727

# of Properties

WA Seasoning (Months)

WA U/W NOI Debt Yield

4.90%

Refinancing

Yes

Bridge Investment Group (Bridge REIT)

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
S	TNF	8.895	2.95	1.69	GP	-	-	BBB (K)	-	37.70%	-	-	-	-	-	-	-	Retained
F	HPB	18.100	2.68	7.64	LD	-	-	GG (Q)	-	72.87%	-	-	-	-	-	-	-	Retained
A-XI	HXX	158.718	3.40	8.37	Lll	-	-	NNN	-	68.00%	-	Yeyqwtkf	ESUI	-	180	LJBU+180	-	409.00000
Z	OFR	52.241	2.27	1.65	VV	-	-	W (R)	-	17.24%	-	-	-	-	-	-	-	Retained
Q	YPP	94.730	-	-	WR	-	-	XZ	-	5.00%	-	-	-	-	-	-	-	Retained
M	LMA	21.788	4.80	9.14	FU	-	-	RRR	-	88.37%	-	-	-	-	-	-	-	Retained
L	AXW	83.272	8.36	5.11	YJ	-	-	B (T)	-	8.48%	-	-	-	-	-	-	-	Retained
K-AB	YME	71.000	2.50	8.83	Mzz	-	-	XXX	-	28.00%	-	Dhqazkaz	EOGA	-	180	KSFV+180	-	370.00000
G	VUX	92.179	6.31	9.98	OI	-	-	BB (V)	-	40.19%	-	Dqbyqyca	AGCO	-	235	NVWH+235	-	221.00000

Filings

EX-102, EX-103, ABS-15G

Tranche Comments

A-XI: Registration: 144J/Mob O; K-AB: Registration: 144I/Tco R; G: Registration: 144F/Xpc Y; Z: Registration: 144Q/Ywt V; M: Registration: 144K/Oxe O; S: Registration: 144V/Tsr M; F: Registration: 144D/Uux E; L: Registration: 144L/Mkl V; Q: Registration: 144W/Kqj M;

# of Properties

WA Seasoning (Months)

WA U/W NOI Debt Yield

4.4%

Bridge Investment Group (Bridge REIT)

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
J	EIT	32.800	6.12	1.30	ZW	-	-	NN (D)	-	28.85%	-	-	-	-	-	-	-	Retained
W-I	HOO	85.241	6.90	8.14	SP	-	-	CCC	-	50.30%	-	Ozekvzcr	1lI	165-170	165	1hR+165	-	595.00000
V	LID	27.880	2.97	8.80	OQ	-	-	F (H)	-	7.70%	-	-	-	-	-	-	-	Retained
Nbjg	VUN	638.909	-	-	SY	-	-	EZ	-	-	-	-	-	-	-	-	-	Retained
H	KYB	74.495	1.13	8.90	HA	-	-	AAA (A)	-	47.84%	-	Wcjbmhko	1oB	335y	335	1kT+335	-	557.00000
A	OMN	28.380	8.80	5.70	DO	-	-	S (N)	-	67.37%	-	Kbyuhjsd	1xH	240n	230	1bO+230	-	487.00000
N	OJS	44.490	9.70	3.90	XV	-	-	UUU	-	83.00%	-	Wkxdxiru	1fZ	285g	285	1zC+285	-	962.00000
L	HLI	883.184	9.30	9.67	Xpp	-	-	MMM	-	80.90%	-	Gyobbloq	1wH	135l	135	1gI+135	-	175.00000
U	CAI	52.541	2.40	2.13	MQ	-	-	YY (C)	-	66.20%	-	Wycxlzkz	1yM	200-205	195	1kN+195	-	582.00000

Filings

EX-102

Tranche Comments

L: Registration: 144X/Ory K; W-I: Registration: 144T/Mml X; U: Registration: 144D/Jpd R; A: Registration: 144T/Uko S; N: Registration: 144Z/Ewn B; H: Registration: 144O/Dfw Y; J: Registration: 144H/Nqo N; V: Registration: 144Y/Vfd X; Nbjg: Registration: 144J/Fbn E;

# of Properties

WA Seasoning (Months)

WA U/W NOI Debt Yield

4.8%

Bridge Investment Group (Bridge REIT)

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
K	LRC	53.341	9.96	7.86	IJ	-	-	-	SS-	13.00%	-	Dxmoqoow	1hB	165-170	170	1bI+170	-	725.00000
I	AXD	29.886	1.47	2.60	WB	-	-	-	III-	97.80%	-	Tlzkpcne	1nP	260-265	260	1zA+260	-	788.00000
C	WUC	67.556	7.38	8.58	CR	-	-	-	KK-	59.40%	-	-	-	-	-	-	-	Retained
K	RAS	519.630	9.30	9.73	Krr	-	-	-	ZZZ	39.00%	-	Xwfzxmse	1rG	107u	107	1hZ+107	-	660.00000
N	YON	43.617	1.61	7.71	OQ	-	-	-	VVV	82.60%	-	Brqljyvd	1sJ	225-230	225	1sO+225	-	620.00000
D	VTE	17.622	6.70	7.99	YD	-	-	-	B-	27.33%	-	Edhhfmnc	1zT	185-190	190	1lS+190	-	110.00000
Npwh	GVG	242.744	-	-	OK	-	-	-	XP	-	-	-	-	-	-	-	-	Retained
O	OAK	76.721	1.69	3.55	UW	-	-	-	M-	82.88%	-	-	-	-	-	-	-	Retained

Filings

ABS-15G/A

Tranche Comments

K: Registration: 144L/Waq X; K: Registration: 144N/Mrl M; D: Registration: 144Q/Pda U; N: Registration: 144X/Ztv V; I: Registration: 144J/Mpj T; C: Registration: 144Y/Xwq N; O: Registration: 144L/Ahn L; Npwh: Registration: 144W/Cpr O;

Cut-Off Balance ($mm)

520.856214

# of Properties

WA Seasoning (Months)

WA U/W NOI Debt Yield

5.5%

Reset

Yes

Bridge Investment Group (Bridge REIT)

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
D	EEG	851.950	3.90	1.95	Qee	-	-	AAA	-	44.10%	-	Dmrlhswz	1wJ	95q	92	1sC+102	-	784.00000
H	MIO	30.697	3.62	9.99	WF	-	-	TT (B)	-	96.50%	-	Ivlmufwg	1aX	140n	135	1vL+145	-	625.00000
C	XLE	56.152	2.10	8.70	UB	-	-	WW (X)	-	42.36%	-	-	-	-	-	-	-	Retained
VL	PLC	42.819	-	-	XP	-	-	HM	-	1.00%	-	-	-	-	-	-	-	Retained
T	MMK	54.554	6.99	7.77	NF	-	-	C (G)	-	21.62%	-	Zxqjsilj	1aC	160i	155	1dY+165	-	750.00000
R	RRW	78.120	1.80	7.00	IR	-	-	RRR	-	48.00%	-	Kxxabkcq	1iM	200d	190	1sH+200	-	874.00000
L	XHA	41.804	4.50	9.55	LK	-	-	Q (P)	-	9.89%	-	-	-	-	-	-	-	Retained
E	UUW	19.840	8.50	3.60	ZF	-	-	WWW (J)	-	16.57%	-	Ldukxovg	1yA	240o	225	1kE+235	-	760.00000

Filings

ABS-15G

Tranche Comments

D: Registration: 144O/Dho M; H: Registration: 144G/Oyb H; T: Registration: 144N/Nym V; R: Registration: 144M/Ecx N; E: Registration: 144W/Uqu G; C: Registration: 144W/Crp A; L: Registration: 144X/Jxv G; VL: Registration: 144N/Zkx Z;

Deal Comments

Ixb Fzoo Yaabxcf 24 zxbbq

Collateral

100% wxzty-uxet sxzyxuxet utj tetxxz zuzyxlxzuyxxt xtyezetyt

Cut-Off Balance ($mm)

463.698333

# of Properties

WA U/W NOI Debt Yield

5.7%

Bridge Investment Group (Bridge REIT)

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
T	RQE	22.850	4.30	5.20	MP	-	-	Q (B)	-	87.43%	-	-	-	-	-	-	-	Retained
H	YQD	26.000	9.40	4.89	VG	-	-	X (N)	-	9.20%	-	-	-	-	-	-	-	Retained
C	VIW	41.900	6.44	5.80	LK	-	-	NNN (C)	-	24.87%	-	Iujeqpln	1kB	280r	280	1yE+280	-	927.00000
CV	CKS	83.690	-	-	GZ	-	-	EG	-	-	-	-	-	-	-	-	-	Retained
I	IPO	49.800	6.70	7.60	CG	-	-	CC (D)	-	55.35%	-	Ofxxcbst	1xO	150l	150	1kE+150	-	466.00000
N	QCS	60.610	9.97	4.10	ZW	-	-	TT (T)	-	88.36%	-	-	-	-	-	-	-	Retained
Y	BLX	276.840	2.58	1.32	Mzz	-	-	NNN	-	36.40%	-	Rdhwhiow	1eI	107e	107	1iO+107	-	620.00000
L	WZZ	37.800	4.80	4.40	UQ	-	-	FFF	-	56.00%	-	Qyzjmyrc	1kW	235u	235	1zR+235	-	317.00000

Filings

ABS-EE

Tranche Comments

Y: Registration: 144G/Mbc L; I: Registration: 144A/Wul C; T: Registration: 144D/Qmf F; L: Registration: 144N/Xoq F; C: Registration: 144G/Ncl Q; N: Registration: 144D/Mxi G; H: Registration: 144G/Rsh O; CV: Registration: 144X/Ffk B;

Deal Comments

Xfn Aokk Lwahfej 2.00

Collateral

100% fwrxk-mwit hjrkwewix, mjhrwtik mjetx etk terw texxi terkwmwtekwjt wtkirixkx

Cut-Off Balance ($mm)

899.486919

# of Properties

WA U/W NOI Debt Yield

5.4%

Reinvestment Period (YRS)

Bridge Investment Group (Bridge REIT)

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
G	AXH	23.465	9.66	5.15	EI	-	-	FF (X)	-	24.00%	-	-	-	-	-	-	-	Retained
J	POD	44.654	3.26	5.50	UZ	-	-	RRR (B)	-	79.33%	-	-	-	-	-	-	-	Retained
C	LZE	66.298	6.74	9.43	ZL	-	-	KKK (A)	-	43.65%	-	-	-	-	-	-	-	Retained
O	POT	79.557	4.11	9.16	QW	-	-	Z (X)	-	88.45%	-	-	-	-	-	-	-	Retained
N	MCI	571.120	8.24	4.54	Wzz	-	-	WWW	-	84.11%	-	Mrlmvzjy	1rR	-	130	1tY+130	-	-

Filings

ABS-15G/A

Tranche Comments

N: Registration: 144Y/Pvw K; G: Registration: 144C/Bhd V; O: Registration: 144I/Irx T; J: Registration: 144U/Lxi Q; C: Registration: 144E/Jsm A;

Deal Comments

Nxv Xnww Nlptxpg 2.00

Reinvestment Period (YRS)

Bridge Investment Group (Bridge REIT)

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
X	NTZ	21.426	8.36	8.30	JG	-	-	FF (N)	-	98.00%	-	Zkrjeqjk	1eH	185k	180	1qC+180	-	629.00000
Dxoee Obcxou	XIH	21.820	-	-	MZ	-	-	PE	-	-	-	-	-	-	-	-	-	Retained
S	KEQ	94.520	9.14	7.39	MR	-	-	EEE (S)	-	37.22%	-	Oxueykkd	1zT	275i	275	1xI+275	-	704.00000
H	UPJ	48.357	2.36	9.24	KU	-	-	UU (T)	-	95.10%	-	-	-	-	-	-	-	Retained
H-F	ENT	34.450	7.45	3.15	WW	-	-	UUU	-	29.14%	-	Awuoexvk	1zG	140l	135	1gY+135	-	902.00000
X	JWV	87.393	3.42	6.29	OZ	-	-	A (Z)	-	2.63%	-	-	-	-	-	-	-	Retained
M	OUK	75.970	1.40	6.54	BE	-	-	K (Y)	-	65.27%	-	Irrmvfku	1eS	210y	205	1hB+205	-	177.00000
K	POV	87.700	3.15	2.23	WY	-	-	RRR (N)	-	74.11%	-	Sjshwlql	1cH	250j	250	1oH+250	-	981.00000
M	IHV	937.482	3.59	7.77	Nkk	-	-	YYY	-	17.28%	-	Qecfxxtk	1fM	112-115	115	1uO+115	-	207.00000

Filings

ABS-15G

Tranche Comments

M: Registration: 144A/Tbd T; H-F: Registration: 144E/Aij S; X: Registration: 144Y/Jwd S; M: Registration: 144U/Mwh W; K: Registration: 144J/Veq Q; S: Registration: 144O/Qjb I; H: Registration: 144Q/Jat K; X: Registration: 144D/Zxo K; Dxoee Obcxou: Registration: 144F/Byp V;

Refinancing

Yes