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  "notes": "The table provides a granular breakdown of five specific real estate loan assets, highlighting their performance and risk status.",
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      "text": "Two 4-risk rated watch list loans were upgraded in 1Q to a 3-risk rating based on improved performance.",
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      "text": "(1) Excludes $5.5 million mezzanine loan risk-rated 5. (2) Loan was placed on non-accrual status in October 2020. (3) LTV is based on the initial loan amount divided by the as-is appraised value...",
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