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   "markdown": "<a id='7eaa2d43-5732-4583-a5ea-4facc2e540b5'></a>\n\nOwned CMBS by Vintage \u207d\u2079\u207e\n$ millions\n<::bar chart\nTitle: Owned CMBS by Vintage\nY-axis: $ millions (values from 0 to 250)\nX-axis: Vintage years (11 to 26)\n\nData Series: Carrying Value\n- Vintage 11: 15 $ millions\n- Vintage 12: 0 $ millions\n- Vintage 13: 65 $ millions\n- Vintage 14: 35 $ millions\n- Vintage 15: 65 $ millions\n- Vintage 16: 50 $ millions\n- Vintage 17: 60 $ millions\n- Vintage 18: 100 $ millions\n- Vintage 19: 195 $ millions\n- Vintage 20: 45 $ millions\n- Vintage 21: 45 $ millions\n- Vintage 22: 45 $ millions\n- Vintage 23: 35 $ millions\n- Vintage 24: 160 $ millions\n- Vintage 25: 140 $ millions\n- Vintage 26: 45 $ millions\n\nX-axis categories:\n- CMBS 2.0: Vintage years 11, 12, 13, 14\n- CMBS 3.0: Vintage years 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26\n\nLegend:\n- Carrying Value: [dark blue bar]\n: bar chart::> ",
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   "markdown": "<a id='b9db45c4-0f22-46aa-88e5-9add18505435'></a>\n\nLNR Special Servicer\n$ billions\n\nNamed SS:\n185\nCMBS Trusts\n$93.6B\nLoan Balance\n\n<::line chart\nNamed SS Balance over time.\n\nY-axis: Named SS Balance (values: 50, 100, 150)\nX-axis: Quarters from Q2'17 to Q2'26\n\nData Series: UPB loans named SS\n- Q2'17: 72\n- Q4'17: 75\n- Q2'18: 78\n- Q4'18: 85\n- Q2'19: 92\n- Q4'19: 95\n- Q2'20: 80\n- Q4'20: 80\n- Q2'21: 80\n- Q4'21: 98\n- Q2'22: 105\n- Q4'22: 110\n- Q2'23: 100\n- Q4'23: 98\n- Q2'24: 105\n- Q4'24: 100\n- Q2'25: 98\n- Q4'25: 95\n- Q2'26: 93::>\n\nActive SS:\n$8.8B\nSS Loan Balance\n$2.1B\nREO Loan Balance\n$10.9B\nTotal Active SS Balance",
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 "markdown": "<a id='4b8f3c87-bc3d-4960-b44a-88419fc6c357'></a>\n\nCMBS and Special Servicing\n\n<a id='7eaa2d43-5732-4583-a5ea-4facc2e540b5'></a>\n\nOwned CMBS by Vintage \u207d\u2079\u207e\n$ millions\n<::bar chart\nTitle: Owned CMBS by Vintage\nY-axis: $ millions (values from 0 to 250)\nX-axis: Vintage years (11 to 26)\n\nData Series: Carrying Value\n- Vintage 11: 15 $ millions\n- Vintage 12: 0 $ millions\n- Vintage 13: 65 $ millions\n- Vintage 14: 35 $ millions\n- Vintage 15: 65 $ millions\n- Vintage 16: 50 $ millions\n- Vintage 17: 60 $ millions\n- Vintage 18: 100 $ millions\n- Vintage 19: 195 $ millions\n- Vintage 20: 45 $ millions\n- Vintage 21: 45 $ millions\n- Vintage 22: 45 $ millions\n- Vintage 23: 35 $ millions\n- Vintage 24: 160 $ millions\n- Vintage 25: 140 $ millions\n- Vintage 26: 45 $ millions\n\nX-axis categories:\n- CMBS 2.0: Vintage years 11, 12, 13, 14\n- CMBS 3.0: Vintage years 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26\n\nLegend:\n- Carrying Value: [dark blue bar]\n: bar chart::> \n\n<a id='b9db45c4-0f22-46aa-88e5-9add18505435'></a>\n\nLNR Special Servicer\n$ billions\n\nNamed SS:\n185\nCMBS Trusts\n$93.6B\nLoan Balance\n\n<::line chart\nNamed SS Balance over time.\n\nY-axis: Named SS Balance (values: 50, 100, 150)\nX-axis: Quarters from Q2'17 to Q2'26\n\nData Series: UPB loans named SS\n- Q2'17: 72\n- Q4'17: 75\n- Q2'18: 78\n- Q4'18: 85\n- Q2'19: 92\n- Q4'19: 95\n- Q2'20: 80\n- Q4'20: 80\n- Q2'21: 80\n- Q4'21: 98\n- Q2'22: 105\n- Q4'22: 110\n- Q2'23: 100\n- Q4'23: 98\n- Q2'24: 105\n- Q4'24: 100\n- Q2'25: 98\n- Q4'25: 95\n- Q2'26: 93::>\n\nActive SS:\n$8.8B\nSS Loan Balance\n$2.1B\nREO Loan Balance\n$10.9B\nTotal Active SS Balance\n\n<a id='1442d109-506b-404a-b6bb-9a60997eb182'></a>\n\nNOTE: Carrying value represents estimated fair value\n\n<a id='a656a6ff-d022-406d-bcd2-3322499bb695'></a>\n\nSTARWOOD PROPERTY TRUST\n\n<a id='338e6589-b126-4483-a04b-5663858327de'></a>\n\n27",
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