UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549

FORM 10-D

ASSET BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from:   October 19, 2021 to November 18, 2021

Commission File Number of issuing entity:  333-190246-08

Central Index Key Number of issuing entity:  0001618150

JPMBB Commercial Mortgage Securities Trust 2014-C23
(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor:  333-190246

Central Index Key Number of depositor:  0001013611

J.P. Morgan Chase Commercial Mortgage Securities Corp.
(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0000835271

JPMorgan Chase Bank, National Association
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0000312070

Barclays Bank PLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001567746

Redwood Commercial Mortgage Corporation
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001576832

MC-Five Mile Commercial Mortgage Finance LLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001660492

GE Capital US Holdings, Inc. (successor in interest to certain obligations of General Electric Capital Corporation).
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001628601

Column Financial, Inc.
(Exact name of sponsor as specified in its charter)

Bradley J. Horn (212) 834-9708
(Name and telephone number, including area code, of the person to contact in connection with this filing)

New York
(State or other jurisdiction of incorporation or organization of the issuing entity)

38-3939220
38-3939221
38-3939222
(I.R.S. Employer Identification No.)

c/o Computershare Trust Company, N.A., as agent for
Wells Fargo Bank, National Association
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices of the issuing entity) (Zip Code)

(410) 884-2000
(Telephone number, including area code)

Not Applicable
(Former name, former address, if changed since last report)

 

Registered/reporting pursuant to (check one)

Title of Class

Section 12(b)

Section 12(g)

Section 15(d)

Name of Exchange (If Section 12(b))

A-1

     

     

  X  

     

A-2

     

     

  X  

     

A-3

     

     

  X  

     

A-4

     

     

  X  

     

A-5

     

     

  X  

     

A-SB

     

     

  X  

     

A-S

     

     

  X  

     

B

     

     

  X  

     

C

     

     

  X  

     

EC

     

     

  X  

     

X-A

     

     

  X  

     

X-B

     

     

  X  

     

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes   X   No      

Part I - DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

On November 18, 2021 a distribution was made to holders of the certificates issued by JPMBB Commercial Mortgage Securities Trust 2014-C23.

The distribution report is attached as an Exhibit to this Form 10-D, please see Item 10(b), Exhibit 99.1 for the related information.

The following table presents the loss information for the trust assets for the JPMBB Commercial Mortgage Securities Trust 2014-C23 in accordance with Item 1100(b) as required by Item 1121(a)(9) of Regulation AB:

Loss Information as reported on November 18, 2021

Number of Delinquencies 30+ days

% of Delinquencies 30+ days by Pool Balance

Number of Loans/REOs with Losses

Average Net Loss

3

6.54%

4

$157,557.03

No assets securitized by J.P. Morgan Chase Commercial Mortgage Securities Corp. (the "Depositor") and held by JPMBB Commercial Mortgage Securities Trust 2014-C23 were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period from October 19, 2021 to November 18, 2021.

The Depositor filed its most recent Form ABS-15G in accordance with Rule 15Ga-1 under the Exchange Act (a "Rule 15Ga-1 Form ABS-15G") on November 12, 2021. The CIK number for the Depositor is 0001013611.

JPMorgan Chase Bank, National Association filed its most recent Rule 15Ga-1 Form ABS-15G for this asset class on February 11, 2021. The CIK number for JPMorgan Chase Bank, National Association is 0000835271.

Barclays Bank PLC  filed its most recent Rule 15Ga-1 Form ABS-15G on November 10, 2021. The CIK number for Barclays Bank PLC  is 0000312070.

Redwood Commercial Mortgage Corporation filed its most recent Rule 15Ga-1 Form ABS-15G on January 25, 2021. The CIK number for Redwood Commercial Mortgage Corporation is 0001567746.

MC-Five Mile Commercial Mortgage Finance LLC filed its most recent Rule 15Ga-1 Form ABS-15G on February 16, 2021. The CIK number for MC-Five Mile Commercial Mortgage Finance LLC is 0001576832.

GE Capital US Holdings, Inc. (successor in interest to certain obligations of General Electric Capital Corporation) filed its most recent Rule 15Ga-1 Form ABS-15G on February 12, 2021. The CIK number for GE Capital US Holdings, Inc. is 0001660492.

Column Financial, Inc. filed its most recent Rule 15Ga-1 Form ABS-15G on February 12, 2021. The CIK number for Column Financial, Inc. is 0001628601.

Part II - OTHER INFORMATION

Item 2.  Legal Proceedings.

 

Wells Fargo Bank:  In December 2014, Phoenix Light SF Limited and certain related entities and the National Credit Union Administration (NCUA) filed complaints in the United States District Court for the Southern District of New York against Wells Fargo Bank, alleging claims against Wells Fargo Bank in its capacity as trustee for a number of residential mortgage-backed securities trusts. Complaints raising similar allegations have been filed by Commerzbank AG in the Southern District of New York and by IKB International and IKB Deutsche Industriebank in New York state court. In each case, the plaintiffs allege that Wells Fargo Bank, as trustee, caused losses to investors, and plaintiffs assert causes of action based upon, among other things, the trustee’s alleged failure to notify and enforce repurchase obligations of mortgage loan sellers for purported breaches of representations and warranties, notify investors of alleged events of default, and abide by appropriate standards of care following alleged events of default. Wells Fargo Bank previously settled two class action lawsuits with similar allegations that were filed in November 2014 and December 2016 by institutional investors in the Southern District of New York and New York state court, respectively. In addition, Park Royal I LLC and Park Royal II LLC have filed complaints in New York state court alleging Wells Fargo Bank, N.A., as trustee, failed to take appropriate actions upon learning of defective mortgage loan documentation. In March 2021, the Company entered into an agreement to resolve the case filed by the NCUA.

 

In addition to the foregoing cases, in August 2014 and August 2015 Nomura Credit & Capital Inc. (“Nomura”) and Natixis Real Estate Holdings, LLC (“Natixis”) filed a total of seven third-party complaints against Wells Fargo Bank in New York state court. In the underlying first-party actions, Nomura and Natixis have been sued for alleged breaches of representations and warranties made in connection with residential mortgage-backed securities sponsored by them. In the third-party actions, Nomura and Natixis allege that Wells Fargo Bank, as master servicer, primary servicer or securities administrator, failed to notify Nomura and Natixis of their own breaches, failed to properly oversee the primary servicers, and failed to adhere to accepted servicing practices. Natixis additionally alleges that Wells Fargo Bank failed to perform default oversight duties. Wells Fargo Bank has asserted counterclaims alleging that Nomura and Natixis failed to provide Wells Fargo Bank notice of their representation and warranty breaches.

 

With respect to each of the foregoing litigations, Wells Fargo Bank believes plaintiffs' claims are without merit and intends to contest the claims vigorously, but there can be no assurances as to the outcome of the litigations or the possible impact of the litigations on Wells Fargo Bank or the related RMBS trusts.

Item 7. Change in Sponsor Interest in the Securities.

None

Item 9. Other Information.

Wells Fargo Bank, N.A., in its capacity as Master Servicer for JPMBB Commercial Mortgage Securities Trust 2014-C23, affirms the following amounts in the respective accounts:

Certificate Account Beginning and Ending Balance

  Prior Distribution Date

10/18/2021

$100,000.00

  Current Distribution Date

11/18/2021

$0.00

 

*REO Account Beginning and Ending Balance

  Prior Distribution Date

10/18/2021

$0.00

  Current Distribution Date

11/18/2021

$0.00

*As provided by Special Servicer

Wells Fargo Bank, N.A., in its capacity as Certificate Administrator for JPMBB Commercial Mortgage Securities Trust 2014-C23, affirms the following amounts in the respective accounts:

Distribution Account Beginning and Ending Balance

  Prior Distribution Date

10/18/2021

$4,148,869.52

  Current Distribution Date

11/18/2021

$4,148,952.69

 

Interest Reserve Account Beginning and Ending Balance

  Prior Distribution Date

10/18/2021

$0.00

  Current Distribution Date

11/18/2021

$0.00

 

 

Gain-on-Sale Reserve Account Beginning and Ending Balance

  Prior Distribution Date

10/18/2021

$0.00

  Current Distribution Date

11/18/2021

$0.00

 

Item 10. Exhibits.

(a) The following is a list of documents filed as part of this Report on Form 10-D:

(99.1) Monthly report distributed to holders of the certificates issued by JPMBB Commercial Mortgage Securities Trust 2014-C23, relating to the November 18, 2021 distribution.

(b) The exhibits required to be filed by the Registrant pursuant to this Form are listed above.

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

J.P. Morgan Chase Commercial Mortgage Securities Corp.
(Depositor)

 

/s/ Bradley J. Horn
Bradley J. Horn, Executive Director

Date: December 1, 2021

 

 


jpc14c23_ex991-202111.htm - Generated by SEC Publisher for SEC Filing

 

     

Distribution Date:

11/18/21

JPMBB Commercial Mortgage Securities Trust 2014-C23

Determination Date:

11/12/21

 

Next Distribution Date:

12/17/21

 

Record Date:

10/29/21

Commercial Mortgage Pass-Through Certificates

 

 

Series 2014-C23

 

           

Table of Contents

 

 

Contacts

 

 

Section

Pages

Role

Party and Contact Information

 

 

Certificate Distribution Detail

2-3

Depositor

J.P. Morgan Chase Commercial Mortgage Securities Corp.

 

 

Certificate Factor Detail

4

 

Brian Baker

(212) 834-3813

 

Certificate Interest Reconciliation Detail

5

 

383 Madison Avenue,8th Floor | New York, NY 10179

 

 

 

 

Master Servicer

Wells Fargo Bank, National Association

 

 

Exchangeable Certificate Detail

6

 

 

 

 

 

 

 

Investor Relations

 

REAM_InvestorRelations@wellsfargo.com

Additional Information

7

 

 

 

 

 

 

 

Three Wells Fargo, MAC D1050-084,401 S. Tryon Street, 8th Floor | Charlotte, NC 28202

 

Bond / Collateral Reconciliation - Cash Flows

8

Special Servicer

Rialto Capital Advisors, LLC

 

 

Bond / Collateral Reconciliation - Balances

9

 

Niral Shah

(305) 485-2041

Niral.Shah@rialtocapital.com

Current Mortgage Loan and Property Stratification

10-14

 

200 S. Biscayne Blvd.,Suite 3550 | Miami, FL 33131

 

 

Mortgage Loan Detail (Part 1)

15-16

Senior Trust Advisor

Pentalpha Surveillance LLC

 

 

Mortgage Loan Detail (Part 2)

17-18

 

Don Simon

(203) 660-6100

 

Principal Prepayment Detail

19

 

PO Box 4839, | Greenwich, CT 06831

 

 

Historical Detail

20

Certificate Administrator

Computershare Trust Company, N.A. as agent for Wells Fargo

 

 

 

 

 

Bank, N.A.

 

 

Delinquency Loan Detail

21

 

Corporate Trust Services (CMBS)

 

cts.cmbs.bond.admin@wellsfargo.com;

Collateral Stratification and Historical Detail

22

 

 

 

trustadministrationgroup@wellsfargo.com

 

 

 

9062 Old Annapolis Road, | Columbia, MD 21045

 

 

Specially Serviced Loan Detail - Part 1

23

 

 

 

 

 

 

Trustee

Wilmington Trust, National Association

 

 

Specially Serviced Loan Detail - Part 2

24

 

General Contact

(302) 636-4140

 

Modified Loan Detail

25

 

1100 North Market St., | Wilmington, DE 19890

 

 

Historical Liquidated Loan Detail

26

 

 

 

 

Historical Bond / Collateral Loss Reconciliation Detail

27

 

 

 

 

Interest Shortfall Detail - Collateral Level

28

 

 

 

 

Supplemental Notes

29

 

 

 

 

 

This report is compiled by Computershare Trust Company, N.A. from information provided by third parties. Computershare Trust Company, N.A. has not independently confirmed the accuracy of the information.

Please visit www.ctslink.com for additional information and if applicable, any special notices and any credit risk retention notices. In addition, certificate holders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526.

   

© Copyright 2021 Computershare. All rights reserved. Confidential.

Page 1 of 29

 


 

 

                         

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

                 

Current

Original

 

 

Pass-Through Rate

 

Beginning

Principal

Interest

Prepayment

 

Total

 

Credit

Credit

Class

CUSIP

(2)

Original Balance

Balance

Distribution

Distribution

Penalties

Realized Losses

Distribution

Ending Balance

Support¹

Support¹

Regular Certificates

                     

A-1

46643ABA0

1.650200%

49,525,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-2

46643ABB8

3.181300%

240,990,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-3

46643ABC6

3.368000%

36,603,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-4

46643ABD4

3.669600%

235,000,000.00

169,627,767.73

8,368,792.12

518,721.71

666,624.33

0.00

9,554,138.16

161,258,975.61

44.17%

30.00%

A-5

46643ABE2

3.934200%

307,498,000.00

307,498,000.00

0.00

1,008,132.19

0.00

0.00

1,008,132.19

307,498,000.00

44.17%

30.00%

A-SB

46643ABF9

3.657000%

79,326,000.00

46,684,628.24

2,232,593.08

142,271.40

177,132.99

0.00

2,551,997.47

44,452,035.16

44.17%

30.00%

A-S

46643ABJ1

4.201600%

86,422,000.00

86,422,000.00

0.00

302,592.23

0.00

0.00

302,592.23

86,422,000.00

34.76%

23.62%

B

46643ABK8

4.632367%

62,698,000.00

62,698,000.00

0.00

242,033.44

0.00

0.00

242,033.44

62,698,000.00

27.94%

19.00%

C

46643ABL6

4.632367%

52,531,000.00

52,531,000.00

0.00

202,785.72

0.00

0.00

202,785.72

52,531,000.00

22.23%

15.12%

D

46643AAG8

4.132367%

96,588,000.00

96,588,000.00

0.00

332,614.20

0.00

0.00

332,614.20

96,588,000.00

11.72%

8.00%

E

46643AAJ2

3.364000%

30,502,000.00

30,502,000.00

0.00

85,507.27

0.00

0.00

85,507.27

30,502,000.00

8.40%

5.75%

F

46643AAL7

3.364000%

15,251,000.00

15,251,000.00

0.00

42,753.64

0.00

0.00

42,753.64

15,251,000.00

6.74%

4.62%

NR*

46643AAN3

3.364000%

62,697,834.00

61,967,606.08

0.00

170,205.46

0.00

0.00

170,205.46

61,967,606.08

0.00%

0.00%

UH5

46643AAQ6

4.709400%

12,257,000.00

12,257,000.00

0.00

49,706.02

0.00

0.00

49,706.02

12,257,000.00

0.00%

0.00%

WYA

46643AAS2

7.739400%

10,500,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

RIM

46643AAU7

4.304400%

15,000,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Z

46643AAY9

0.000000%

1.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

R

46643AAW3

0.000000%

1.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

1,393,388,836.00

942,027,002.05

10,601,385.20

3,097,323.28

843,757.32

0.00

14,542,465.80

931,425,616.85

   

 

Notional Certificates

 

 

 

 

 

 

 

 

 

 

 

X-A

46643ABG7

0.755055%

1,035,364,000.00

610,232,395.97

0.00

383,966.03

198,212.04

0.00

582,178.07

599,631,010.77

 

 

X-B

46643ABH5

0.500000%

96,588,000.00

96,588,000.00

0.00

40,245.00

0.00

0.00

40,245.00

96,588,000.00

 

 

X-C

46643AAA1

1.268367%

30,502,000.00

30,502,000.00

0.00

32,239.77

0.00

0.00

32,239.77

30,502,000.00

 

 

X-D

46643AAC7

1.268367%

15,251,000.00

15,251,000.00

0.00

16,119.88

0.00

0.00

16,119.88

15,251,000.00

 

 

 

 

 

 

 

 

 

 

 

 

Certificate Distribution Detail continued to next page

 

 

 

 

© Copyright 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

Page 2 of 29

 


 

 

                         

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

                 

Current

Original

 

 

Pass-Through Rate

 

Beginning

Principal

Interest

Prepayment

 

Total

 

Credit

Credit

Class

CUSIP

(2)

Original Balance

Balance

Distribution

Distribution

Penalties

Realized Losses

Distribution

Ending Balance

Support¹

Support¹

Notional Certificates

                 

 

 

X-E

46643AAE3

1.268367%

62,697,834.00

61,967,606.08

0.00

65,498.04

0.00

0.00

65,498.04

61,967,606.08

 

 

Notional SubTotal

 

1,240,402,834.00

814,541,002.05

0.00

538,068.72

198,212.04

0.00

736,280.76

803,939,616.85

 

 

 

Deal Distribution Total

 

 

 

10,601,385.20

3,635,392.00

1,041,969.36

0.00

15,278,746.56

 

 

 

 

*

Denotes the Controlling Class (if required)

 

 

 

 

 

 

 

 

 

 

(1)

Calculated by taking (A) the sum of the ending certificate balance of all classes in a series less (B) the sum of (i) the ending certificate balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate to the designated class and dividing

 

the result by (A).

 

 

 

 

 

 

 

 

 

 

 

(2)

Pass-Through Rates with respect to any Class of Certificates on next month’s Payment Date is expected to be the same as the current respective Pass-Through Rate, subject to any modifications on the underlying loans, any change in certificate or pool balance, any change in the

 

underlying index (if and as applicable), and any other matters provided in the governing documents.

 

 

 

 

 

 

 

 

 

 

 

 

© Copyright 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

Page 3 of 29

                           

 


 

 

                     

 

 

 

 

Certificate Factor Detail

 

 

 

 

 

       

Cumulative

       

 

 

     

Interest Shortfalls

Interest

       

Class

CUSIP

Beginning Balance

Principal Distribution

Interest Distribution

/ (Paybacks)

Shortfalls

Prepayment Penalties

Realized Losses

Total Distribution

Ending Balance

Regular Certificates

                 

A-1

46643ABA0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-2

46643ABB8

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-3

46643ABC6

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-4

46643ABD4

721.82028821

35.61188136

2.20732643

0.00000000

0.00000000

2.83669928

0.00000000

40.65590706

686.20840685

A-5

46643ABE2

1,000.00000000

0.00000000

3.27849999

0.00000000

0.00000000

0.00000000

0.00000000

3.27849999

1,000.00000000

A-SB

46643ABF9

588.51610115

28.14453118

1.79350276

0.00000000

0.00000000

2.23297519

0.00000000

32.17100913

560.37156998

A-S

46643ABJ1

1,000.00000000

0.00000000

3.50133334

0.00000000

0.00000000

0.00000000

0.00000000

3.50133334

1,000.00000000

B

46643ABK8

1,000.00000000

0.00000000

3.86030559

0.00000000

0.00000000

0.00000000

0.00000000

3.86030559

1,000.00000000

C

46643ABL6

1,000.00000000

0.00000000

3.86030572

0.00000000

0.00000000

0.00000000

0.00000000

3.86030572

1,000.00000000

D

46643AAG8

1,000.00000000

0.00000000

3.44363896

0.00000000

0.00000000

0.00000000

0.00000000

3.44363896

1,000.00000000

E

46643AAJ2

1,000.00000000

0.00000000

2.80333322

0.00000000

0.00000000

0.00000000

0.00000000

2.80333322

1,000.00000000

F

46643AAL7

1,000.00000000

0.00000000

2.80333355

0.00000000

0.00000000

0.00000000

0.00000000

2.80333355

1,000.00000000

NR

46643AAN3

988.35321935

0.00000000

2.71469442

0.05598918

23.63457899

0.00000000

0.00000000

2.71469442

988.35321935

UH5

46643AAQ6

1,000.00000000

0.00000000

4.05531696

0.00000000

0.00000000

0.00000000

0.00000000

4.05531696

1,000.00000000

WYA

46643AAS2

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

RIM

46643AAU7

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

Z

46643AAY9

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

R

46643AAW3

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

46643ABG7

589.38923506

0.00000000

0.37085125

0.00000000

0.00000000

0.19144189

0.00000000

0.56229314

579.14995187

X-B

46643ABH5

1,000.00000000

0.00000000

0.41666667

0.00000000

0.00000000

0.00000000

0.00000000

0.41666667

1,000.00000000

X-C

46643AAA1

1,000.00000000

0.00000000

1.05697233

0.00000000

0.00000000

0.00000000

0.00000000

1.05697233

1,000.00000000

X-D

46643AAC7

1,000.00000000

0.00000000

1.05697200

0.00000000

0.00000000

0.00000000

0.00000000

1.05697200

1,000.00000000

X-E

46643AAE3

988.35321935

0.00000000

1.04466193

0.00000000

0.00000000

0.00000000

0.00000000

1.04466193

988.35321935

 

 

 

 

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Page 4 of 29

 


 

 

                         

 

 

 

 

Certificate Interest Reconciliation Detail

 

 

 

 

 

 

 

 

           

Additional

   

 

 

 

 

 

Accrued

Net Aggregate

Distributable

Interest

 

Interest

   

 

 

 

Accrual

Prior Interest

Certificate

Prepayment

Certificate

Shortfalls /

Payback of Prior

Distribution

Interest

Cumulative

 

Class

Accrual Period

Days

Shortfalls

Interest

Interest Shortfall

Interest

(Paybacks)

Realized Losses

Amount

Distribution

Interest Shortfalls

 

A-1

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-2

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-3

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-4

10/01/21 - 10/30/21

30

0.00

518,721.71

0.00

518,721.71

0.00

0.00

0.00

518,721.71

0.00

 

A-5

10/01/21 - 10/30/21

30

0.00

1,008,132.19

0.00

1,008,132.19

0.00

0.00

0.00

1,008,132.19

0.00

 

A-SB

10/01/21 - 10/30/21

30

0.00

142,271.40

0.00

142,271.40

0.00

0.00

0.00

142,271.40

0.00

 

A-S

10/01/21 - 10/30/21

30

0.00

302,592.23

0.00

302,592.23

0.00

0.00

0.00

302,592.23

0.00

 

B

10/01/21 - 10/30/21

30

0.00

242,033.44

0.00

242,033.44

0.00

0.00

0.00

242,033.44

0.00

 

C

10/01/21 - 10/30/21

30

0.00

202,785.72

0.00

202,785.72

0.00

0.00

0.00

202,785.72

0.00

 

D

10/01/21 - 10/30/21

30

0.00

332,614.20

0.00

332,614.20

0.00

0.00

0.00

332,614.20

0.00

 

E

10/01/21 - 10/30/21

30

0.00

85,507.27

0.00

85,507.27

0.00

0.00

0.00

85,507.27

0.00

 

F

10/01/21 - 10/30/21

30

0.00

42,753.64

0.00

42,753.64

0.00

0.00

0.00

42,753.64

0.00

 

NR

10/01/21 - 10/30/21

30

1,478,326.51

173,715.86

0.00

173,715.86

3,510.40

0.00

0.00

170,205.46

1,481,836.91

 

UH5

10/01/21 - 10/31/21

31

0.00

49,706.02

0.00

49,706.02

0.00

0.00

0.00

49,706.02

0.00

 

WYA

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

RIM

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

Z

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

R

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

X-A

10/01/21 - 10/30/21

30

0.00

383,966.02

0.00

383,966.02

0.00

0.00

0.00

383,966.03

0.00

 

X-B

10/01/21 - 10/30/21

30

0.00

40,245.00

0.00

40,245.00

0.00

0.00

0.00

40,245.00

0.00

 

X-C

10/01/21 - 10/30/21

30

0.00

32,239.77

0.00

32,239.77

0.00

0.00

0.00

32,239.77

0.00

 

X-D

10/01/21 - 10/30/21

30

0.00

16,119.88

0.00

16,119.88

0.00

0.00

0.00

16,119.88

0.00

 

X-E

10/01/21 - 10/30/21

30

0.00

65,498.04

0.00

65,498.04

0.00

0.00

0.00

65,498.04

0.00

 

Totals

 

 

1,478,326.51

3,638,902.39

0.00

3,638,902.39

3,510.40

0.00

0.00

3,635,392.00

1,481,836.91

 

 

 

 

 

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Page 5 of 29

 


 

 

                       

 

 

 

 

Exchangeable Certificate Detail

 

 

 

 

 

 

 

Pass-Through

       

Prepayment

       

Class

CUSIP

Rate

Original Balance

Beginning Balance

Principal Distribution

Interest Distribution

Penalties

 

Realized Losses

Total Distribution

Ending Balance

Regular Interest

 

                   

A-S (Cert)

46643ABJ1

4.201600%

86,422,000.00

86,422,000.00

0.00

302,592.23

0.00

 

0.00

302,592.23

86,422,000.00

A-S (EC)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

B (Cert)

46643ABK8

4.632367%

62,698,000.00

62,698,000.00

0.00

242,033.44

0.00

 

0.00

242,033.44

62,698,000.00

B (EC)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

C (Cert)

46643ABL6

4.632367%

52,531,000.00

52,531,000.00

0.00

202,785.72

0.00

 

0.00

202,785.72

52,531,000.00

C (EC)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

Regular Interest Total

 

 

201,651,000.03

201,651,000.00

0.00

747,411.39

0.00

 

0.00

747,411.39

201,651,000.00

 

Exchangeable Certificate Details

 

 

 

 

 

 

 

 

 

 

EC

46643ABM4

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

Exchangeable Certificates Total

 

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

 

 

 

 

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Page 6 of 29

 


 

 

     

 

Additional Information

 

 

Total Available Distribution Amount (1)

15,278,746.56

 

Gain-on-Sale Proceeds Reserve Account Balance

4,146,484.57

 

(1) The Available Distribution Amount includes any Prepayment Premiums.

 

 

 

 

 

 

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Page 7 of 29

 


 

 

       

Bond / Collateral Reconciliation - Cash Flows

 

Total Funds Collected

 

Total Funds Distributed

 

Interest

 

Fees

 

Interest Paid or Advanced

3,583,865.68

Master Servicing Fee

7,721.26

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

2,466.93

Interest Adjustments

0.00

Trustee Fee

210.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

405.60

ARD Interest

0.00

Operating Advisor Fee

19.00

Net Prepayment Interest Excess / (Shortfall)

0.00

Senior Trust Advisor Fee

1,441.14

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

 

 

Total Interest Collected

3,583,865.68

Total Fees

12,263.92

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

1,095,422.41

Reimbursement for Interest on Advances

0.00

Unscheduled Principal Collections

 

ASER Amount

19,830.46

Principal Prepayments

9,505,962.79

Special Servicing Fees (Monthly)

14,971.35

Collection of Principal after Maturity Date

0.00

Special Servicing Fees (Liquidation)

0.00

Recoveries From Liquidations and Insurance Proceeds

0.00

Special Servicing Fees (Work Out)

1,407.96

Excess of Prior Principal Amounts Paid

0.00

Legal Fees

0.00

Curtailments

0.00

Rating Agency Expenses

0.00

Negative Amortization

0.00

Taxes Imposed on Trust Fund

0.00

Principal Adjustments

0.00

Non-Recoverable Advances

0.00

 

 

Workout Delayed Reimbursement Amounts

0.00

 

 

Other Expenses

(100,000.00)

Total Principal Collected

10,601,385.20

Total Expenses/Reimbursements

(63,790.23)

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

1,041,969.36

Interest Distribution

3,635,392.00

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

10,601,385.20

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

1,041,969.36

 

 

Borrower Option Extension Fees

0.00

Total Other Collected

1,041,969.36

Total Payments to Certificateholders and Others

15,278,746.56

Total Funds Collected

15,227,220.24

Total Funds Distributed

15,227,220.25

 

 

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Page 8 of 29

 


 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

      Total

 

        Total

Beginning Scheduled Collateral Balance

929,770,002.05

929,770,002.05

Beginning Certificate Balance

942,027,002.05

(-) Scheduled Principal Collections

1,095,422.41

1,095,422.41

(-) Principal Distributions

10,601,385.20

(-) Unscheduled Principal Collections

9,505,962.79

9,505,962.79

(-) Realized Losses

0.00

(-) Principal Adjustments (Cash)

0.00

0.00

Realized Loss and Realized Loss Adjustments on Collateral

0.00

(-) Principal Adjustments (Non-Cash)

0.00

0.00

Current Period NRA¹

0.00

(-) Realized Losses from Collateral

0.00

0.00

Current Period WODRA¹

0.00

(-) Other Adjustments²

0.00

0.00

Principal Used to Pay Interest

0.00

 

 

 

 

Non-Cash Principal Adjustments

0.00

Ending Scheduled Collateral Balance

919,168,616.85

919,168,616.85

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

930,133,924.93

930,133,924.93

Ending Certificate Balance

931,425,616.85

Ending Actual Collateral Balance

919,539,134.94

919,539,134.94

 

 

 

 

 

 

 

NRA/WODRA Reconciliation

 

Under / Over Collateralization Reconciliation

 

 

 

Non-Recoverable Advances (NRA) from

Workout Delayed Reimbursement of Advances

 

 

 

 

Principal

(WODRA) from Principal

Beginning UC / (OC)

0.00

Beginning Cumulative Advances

0.00

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

0.00

Ending Cumulative Advances

0.00

0.00

Net WAC Rate

4.63%

 

 

 

 

UC / (OC) Interest

0.00

(1)

Current Period NRA and WODRA displayed will represent the portion applied as Realized Losses to the bonds.

 

 

 

(2)

Other Adjustments value will represent miscellaneous items that may impact the Scheduled Balance of the collateral.

 

 

 

**

A negative value for Certificate Other Adjustments represents the payback of prior Principal Shortfalls, if any.

 

 

 

 

 

 

 

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Page 9 of 29

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

Scheduled Balance

 

 

 

 

 

Debt Service Coverage Ratio¹

 

 

 

 

Scheduled

# Of

Scheduled

% Of

 

 

Weighted Avg

Debt Service Coverage

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Balance

Loans

Balance

Agg. Bal.

 

 

DSCR¹

Ratio

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

14

118,315,199.64

12.87%

31

4.6898

NAP

Defeased

14

118,315,199.64

12.87%

31

4.6898

NAP

 

9,999,999 or less

19

88,797,527.69

9.66%

39

4.6531

1.671872

1.35 or less

15

419,759,129.48

45.67%

36

4.3807

0.796788

10,000,000 to 19,999,999

3

40,797,393.12

4.44%

34

4.6317

1.587027

1.36 to 1.45

2

51,508,312.66

5.60%

34

4.3721

1.396750

20,000,000 to 24,999,999

1

20,500,818.39

2.23%

34

4.6000

1.979200

1.46 to 1.55

4

63,265,445.88

6.88%

33

4.6144

1.538899

25,000,000 to 49,999,999

9

340,552,543.34

37.05%

34

4.3534

1.404305

1.56 to 1.65

2

7,164,713.15

0.78%

34

4.5909

1.581278

 

50,000,000 or greater

4

310,205,134.67

33.75%

36

4.2655

2.089145

1.66 to 1.80

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

50

919,168,616.85

100.00%

35

4.4138

1.680369

1.81 to 2.00

3

30,915,239.66

3.36%

34

4.6042

1.938378

 

 

 

 

 

 

 

 

2.01 or greater

10

228,240,576.38

24.83%

36

4.2541

3.527268

 

 

 

 

 

 

 

 

Totals

50

919,168,616.85

100.00%

35

4.4138

1.680369

(1)

Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is

 

used. The debt service coverage ratio information was provided to the Certificate Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such information.

 

 

 

 

(2)

Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the Maturity Date.

 

 

 

 

 

(3)

Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off Date Balance of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances of all pooled loans as reported in the

 

CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure for the "State" and "Property" stratification tables is not equal to the sum of the scheduled balance figures for each state or property, the difference is explained by loans that have been modified into a split

 

loan structure. The "State" and "Property" stratification tables do not include the balance of the subordinate note (sometimes called the B-piece or a "hope note") of a loan that has been modified into a split-loan structure.

 

 

 

 

(4)

Note: There are no Hyper-Amortization Loans included in the Mortgage Pool.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

 

State³

 

 

 

 

 

State³

 

 

 

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

# Of

Scheduled

% Of

 

 

Weighted Avg

State

 

 

 

WAM²

WAC

 

State

 

 

 

WAM²

WAC

 

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

Defeased

21

118,315,199.64

12.87%

31

4.6898

NAP

Puerto Rico

1

54,501,788.40

5.93%

51

3.0000

1.018800

Alabama

1

220,619.27

0.02%

94

4.7200

3.720300

South Carolina

1

6,496,281.86

0.71%

33

4.5900

1.817500

Arizona

1

27,364,344.38

2.98%

34

4.1300

(0.964100)

Tennessee

5

43,050,627.07

4.68%

33

4.9123

1.369970

California

5

140,181,006.81

15.25%

33

4.5321

1.145658

Texas

10

103,000,457.80

11.21%

35

3.9824

3.111123

Colorado

2

19,441,916.43

2.12%

34

4.5833

1.361683

Washington

2

52,000,103.65

5.66%

34

4.6376

0.917501

Connecticut

1

1,103,096.14

0.12%

94

4.7200

3.720300

West Virginia

1

4,295,899.70

0.47%

33

4.7000

(0.520400)

Delaware

1

8,787,664.60

0.96%

33

4.8300

0.899500

Totals

84

919,168,616.85

100.00%

35

4.4138

1.680369

Florida

1

192,428.90

0.02%

94

4.7200

3.720300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Type³

 

 

 

Georgia

3

10,632,156.07

1.16%

34

4.6457

1.431137

 

 

 

 

 

 

 

Indiana

3

2,159,938.32

0.23%

41

5.1012

1.552696

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

 

 

Property Type

 

 

 

WAM²

WAC

 

Kentucky

1

539,291.38

0.06%

94

4.7200

3.720300

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

Louisiana

1

208,362.70

0.02%

94

4.7200

3.720300

Defeased

21

118,315,199.64

12.87%

31

4.6898

NAP

Maine

1

151,982.18

0.02%

94

4.7200

3.720300

Industrial

2

8,864,899.83

0.96%

33

4.7340

2.229413

Massachusetts

1

15,979,179.20

1.74%

34

4.1300

(0.964100)

Lodging

10

130,069,959.51

14.15%

33

4.4737

0.099892

Michigan

2

41,424,731.54

4.51%

33

4.5156

1.206178

Mixed Use

2

103,891,160.46

11.30%

33

4.5669

1.296554

Minnesota

1

3,344,194.96

0.36%

34

4.7900

1.558700

Mobile Home Park

2

1,914,805.90

0.21%

34

5.1500

1.275200

Mississippi

1

514,778.23

0.06%

94

4.7200

3.720300

Multi-Family

6

66,125,388.40

7.19%

34

4.6072

1.701252

Missouri

2

6,549,066.22

0.71%

34

4.3500

2.769500

Office

6

201,151,386.67

21.88%

33

4.6023

2.584687

Nevada

2

16,390,033.70

1.78%

34

4.6300

1.139900

Other

1

48,000,000.00

5.22%

34

4.3430

1.392500

New Mexico

2

3,382,436.96

0.37%

42

4.7539

2.471309

Retail

10

224,619,274.55

24.44%

38

3.9120

2.066167

New York

2

204,095,454.63

22.20%

33

4.5096

2.676620

Self Storage

24

16,216,541.89

1.76%

62

4.7123

2.888028

North Carolina

1

3,918,139.41

0.43%

34

4.6500

1.925200

Totals

84

919,168,616.85

100.00%

35

4.4138

1.680369

Ohio

4

29,407,615.19

3.20%

34

4.6389

1.541979

 

 

 

 

 

 

 

Oklahoma

1

239,004.25

0.03%

94

4.7200

3.720300

 

 

 

 

 

 

 

Pennsylvania

3

1,280,817.28

0.14%

94

4.7200

3.720300

 

 

 

 

 

 

 

 

Note: Please refer to footnotes on the next page of the report.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 11 of 29

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

Note Rate

 

 

 

 

 

Seasoning

 

 

 

 

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

Note Rate

 

 

 

WAM²

WAC

 

Seasoning

 

 

 

WAM²

WAC

 

 

 

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

14

118,315,199.64

12.87%

31

4.6898

NAP

Defeased

14

118,315,199.64

12.87%

31

4.6898

NAP

 

4.40000% or less

7

258,877,819.89

28.16%

38

3.8637

1.565880

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

4.40001% to 4.60000%

10

272,532,851.40

29.65%

33

4.5143

2.468274

13 to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.60001% to 4.80000%

15

214,592,221.36

23.35%

35

4.6527

1.155706

25 to 36 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.80001% to 5.00000%

2

23,728,954.45

2.58%

34

4.8615

0.971597

37 to 48 months

0

0.00

0.00%

0

0.0000

0.000000

 

5.00001% or greater

2

31,121,570.11

3.39%

33

5.0726

0.994972

49 months or greater

36

800,853,417.21

87.13%

35

4.3731

1.723265

 

Totals

50

919,168,616.85

100.00%

35

4.4138

1.680369

Totals

50

919,168,616.85

100.00%

35

4.4138

1.680369

(1)

Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document

 

is used. The debt service coverage ratio information was provided to the Certificate Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such information.

 

 

 

 

(2)

Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the Maturity Date.

 

 

 

 

 

(3)

Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off Date Balance of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances of all pooled loans as reported in the

 

CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure for the "State" and "Property" stratification tables is not equal to the sum of the scheduled balance figures for each state or property, the difference is explained by loans that have been modified into a split

 

loan structure. The "State" and "Property" stratification tables do not include the balance of the subordinate note (sometimes called the B-piece or a "hope note") of a loan that has been modified into a split-loan structure.

 

 

 

 

(4)

Note: There are no Hyper-Amortization Loans included in the Mortgage Pool.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© Copyright 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

Page 12 of 29

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

Anticipated Remaining Term (ARD and Balloon Loans)

 

 

 

Remaining Amortization Term (ARD and Balloon Loans)

 

 

 

Anticipated

# Of

Scheduled

% Of

 

 

Weighted Avg

Remaining

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Remaining Term

Loans

Balance

Agg. Bal.

 

 

DSCR¹

Amortization Term

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

14

118,315,199.64

12.87%

31

4.6898

NAP

Defeased

14

118,315,199.64

12.87%

31

4.6898

NAP

 

60 months or less

35

793,130,518.22

86.29%

35

4.3697

1.703820

Interest Only

5

276,750,000.00

30.11%

34

4.2837

2.982860

 

61 months or greater

0

0.00

0.00%

0

0.0000

0.000000

239 months or less

6

36,489,959.76

3.97%

33

4.7563

0.950745

 

Totals

49

911,445,717.86

99.16%

34

4.4112

1.663084

240 to 299 months

23

380,795,103.83

41.43%

36

4.3430

0.955799

 

 

 

 

 

 

 

 

300 to 359 months

1

99,095,454.63

10.78%

33

4.5700

1.283500

 

 

 

 

 

 

 

 

360 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

49

911,445,717.86

99.16%

34

4.4112

1.663084

(1)

Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document

 

is used. The debt service coverage ratio information was provided to the Certificate Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such information.

 

 

 

 

(2)

Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the Maturity Date.

 

 

 

 

 

(3)

Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off Date Balance of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances of all pooled loans as reported in the

 

CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure for the "State" and "Property" stratification tables is not equal to the sum of the scheduled balance figures for each state or property, the difference is explained by loans that have been modified into a split

 

loan structure. The "State" and "Property" stratification tables do not include the balance of the subordinate note (sometimes called the B-piece or a "hope note") of a loan that has been modified into a split-loan structure.

 

 

 

 

(4)

Note: There are no Hyper-Amortization Loans included in the Mortgage Pool.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© Copyright 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

Page 13 of 29

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

Age of Most Recent NOI

 

 

 

 

Remaining Stated Term (Fully Amortizing Loans)

 

 

 

Age of Most

# Of

Scheduled

% Of

 

 

Weighted Avg

Age of Most

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Recent NOI

Loans

Balance

Agg. Bal.

 

 

DSCR¹

Recent NOI

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

14

118,315,199.64

12.87%

31

4.6898

NAP

120 months or less

1

7,722,898.99

0.84%

94

4.7200

3.720300

Underwriter's Information

1

40,000,000.00

4.35%

35

3.8327

3.340000

121 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

12 months or less

32

693,374,462.76

75.43%

35

4.3708

1.666774

Totals

1

7,722,898.99

0.84%

94

4.7200

3.720300

 

13 to 24 months

2

58,691,289.85

6.39%

33

4.6996

1.412132

 

 

 

 

 

 

 

 

25 months or greater

1

8,787,664.60

0.96%

33

4.8300

0.899500

 

 

 

 

 

 

 

 

Totals

50

919,168,616.85

100.00%

35

4.4138

1.680369

 

 

 

 

 

 

 

(1)

Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document

 

is used. The debt service coverage ratio information was provided to the Certificate Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such information.

 

 

 

 

(2)

Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the Maturity Date.

 

 

 

 

 

(3)

Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off Date Balance of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances of all pooled loans as reported in the

 

CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure for the "State" and "Property" stratification tables is not equal to the sum of the scheduled balance figures for each state or property, the difference is explained by loans that have been modified into a split

 

loan structure. The "State" and "Property" stratification tables do not include the balance of the subordinate note (sometimes called the B-piece or a "hope note") of a loan that has been modified into a split-loan structure.

 

 

 

 

(4)

Note: There are no Hyper-Amortization Loans included in the Mortgage Pool.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© Copyright 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

Page 14 of 29

 


 

 

                                 

 

 

 

 

 

Mortgage Loan Detail (Part 1)

 

 

 

 

 

 

 

 

 

Prop

 

 

           

Original

Adjusted

Beginning

Ending

Paid

 

 

 

Type

 

 

Interest

 

Scheduled

Scheduled

Principal

Anticipated

Maturity

Maturity

Scheduled

Scheduled

Through

 

Pros ID

Loan ID

(1)

City

State

Accrual Type

Gross Rate

Interest

Principal

Adjustments

Repay Date

Date

Date

Balance

Balance

Date

 

1

302581001

OF

New York

NY

Actual/360

4.452%

402,580.21

0.00

0.00

N/A

08/01/24

--

105,000,000.00

105,000,000.00

11/01/21

 

2

883100292

MU

New York

NY

Actual/360

4.570%

390,381.85

105,129.28

0.00

N/A

08/11/24

--

99,200,583.91

99,095,454.63

11/11/21

 

4

302581004

RT

Grapevine

TX

Actual/360

3.833%

132,015.22

0.00

0.00

N/A

10/01/24

--

40,000,000.00

40,000,000.00

11/01/21

 

4A

302591004

RT

Grapevine

TX

Actual/360

3.833%

132,015.22

0.00

0.00

N/A

10/01/24

--

40,000,000.00

40,000,000.00

11/01/21

 

5

302581005

OF

Richland

WA

Actual/360

4.637%

206,457.43

97,308.76

0.00

N/A

09/01/24

--

51,705,200.40

51,607,891.64

11/01/21

 

6

883100288

RT

Caguas

PR

Actual/360

3.000%

140,796.29

0.00

0.00

N/A

02/06/26

--

54,501,788.40

54,501,788.40

11/06/21

 

7

302581007

98

San Diego

CA

Actual/360

4.343%

179,510.67

0.00

0.00

09/01/24

09/01/35

--

48,000,000.00

48,000,000.00

11/01/21

 

8

302511002

LO

Various

Various

Actual/360

4.130%

154,373.50

63,849.62

0.00

N/A

09/01/24

--

43,407,373.20

43,343,523.58

11/01/21

 

9

302581009

RT

Los Angeles

CA

Actual/360

4.638%

174,730.21

0.00

0.00

N/A

08/06/24

--

43,750,000.00

43,750,000.00

06/06/20

 

12

302581012

LO

Various

Various

Actual/360

4.630%

132,750.43

62,736.32

0.00

N/A

09/05/24

--

33,296,282.46

33,233,546.14

11/05/21

 

13

302581013

LO

Mountain View

CA

Actual/360

4.640%

146,174.57

49,024.69

0.00

N/A

07/01/24

--

36,584,292.41

36,535,267.72

11/01/21

 

16

302581016

OF

Memphis

TN

Actual/360

5.067%

127,628.55

41,149.25

0.00

N/A

08/01/24

--

29,247,913.46

29,206,764.21

11/01/21

 

17

883100265

RT

Northville

MI

Actual/360

4.310%

98,430.72

37,820.45

0.00

N/A

08/06/24

--

26,521,262.14

26,483,441.69

11/06/21

 

18

302581018

MF

Ada

MI

Actual/360

4.570%

98,391.47

38,517.14

0.00

N/A

06/05/24

--

25,002,420.73

24,963,903.59

11/05/21

 

19

302581019

SS

Various

Various

Actual/360

4.720%

31,960.77

140,603.62

0.00

N/A

09/01/29

--

7,863,502.61

7,722,898.99

11/01/21

 

20

302581020

MF

Perrysburg

OH

Actual/360

4.600%

81,330.60

31,451.16

0.00

N/A

09/05/24

--

20,532,269.55

20,500,818.39

11/05/21

 

23

302581023

MF

Davison

MI

Actual/360

4.880%

62,958.96

41,012.62

0.00

N/A

09/05/24

--

14,982,302.47

14,941,289.85

11/05/21

 

24

302581024

MF

Various

TX

Actual/360

4.440%

55,593.02

28,429.10

0.00

N/A

08/05/24

--

14,540,458.34

14,512,029.24

11/05/21

 

25

623100125

MF

Randallstown

MD

Actual/360

4.720%

61,237.80

19,857.33

0.00

N/A

07/06/24

--

15,066,709.27

15,046,851.94

11/06/21

 

26

623100127

MF

Gwynn Oak

MD

Actual/360

4.700%

59,856.11

19,573.27

0.00

N/A

04/06/24

--

14,789,430.55

14,769,857.28

11/06/21

 

27

302581027

MF

Various

NH

Actual/360

4.520%

50,251.28

24,914.12

0.00

N/A

05/05/24

--

12,910,692.44

12,885,778.32

11/05/21

 

30

302581030

MF

Boulder

CO

Actual/360

4.550%

44,517.90

18,170.34

0.00

N/A

09/05/24

--

11,362,244.37

11,344,074.03

11/05/21

 

31

302581031

MH

Lake Worth

FL

Actual/360

4.500%

38,928.75

19,340.06

0.00

N/A

07/01/24

--

10,046,130.21

10,026,790.15

11/01/21

 

33

302581033

MF

Indianapolis

IN

Actual/360

4.412%

36,161.43

9,519,193.24

0.00

N/A

09/01/24

--

9,519,193.24

0.00

11/01/21

 

34

883100283

OF

Dover

DE

Actual/360

4.830%

36,607.32

13,934.78

0.00

N/A

08/06/24

--

8,801,599.38

8,787,664.60

12/06/19

 

35

302581035

LO

Newnan

GA

Actual/360

4.672%

30,582.14

14,390.44

0.00

N/A

07/01/24

--

7,602,429.18

7,588,038.74

09/01/21

 

36

623100133

MH

Various

Various

Actual/360

5.230%

34,616.42

13,152.30

0.00

N/A

05/06/24

--

7,686,368.85

7,673,216.55

11/06/21

 

37

302581037

OF

Creve Coeur

MO

Actual/360

4.350%

24,573.92

11,268.53

0.00

N/A

09/05/24

--

6,560,334.75

6,549,066.22

11/05/21

 

 

 

 

 

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Page 15 of 29

 


 

 

                                 

 

 

 

 

 

Mortgage Loan Detail (Part 1)

 

 

 

 

 

 

 

 

 

Prop

 

 

           

Original

Adjusted

Beginning

Ending

Paid

 

 

 

Type

 

 

Interest

 

Scheduled

Scheduled

Principal

Anticipated

Maturity

Maturity

Scheduled

Scheduled

Through

 

Pros ID

Loan ID

(1)

City

State

Accrual Type

Gross Rate

Interest

Principal

Adjustments

Repay Date

Date

Date

Balance

Balance

Date

 

38

302581038

RT

Florence

SC

Actual/360

4.590%

25,719.10

10,764.24

0.00

N/A

08/05/24

--

6,507,046.10

6,496,281.86

11/05/21

 

39

623100124

MF

Baltimore

MD

Actual/360

4.690%

27,727.22

9,105.21

0.00

N/A

04/06/24

--

6,865,533.75

6,856,428.54

11/06/21

 

42

623100132

IN

Knoxville

TN

Actual/360

4.700%

22,406.65

15,598.78

0.00

N/A

08/06/24

--

5,536,303.65

5,520,704.87

11/06/21

 

44

302581044

LO

St Clairsville

OH

Actual/360

4.700%

20,579.83

11,242.63

0.00

N/A

08/05/24

--

5,084,926.26

5,073,683.63

10/05/21

 

45

883100294

MU

Austin

TX

Actual/360

4.503%

18,629.53

9,246.33

0.00

N/A

09/06/24

--

4,804,952.16

4,795,705.83

11/06/21

 

46

623100129

LO

Daytona Beach

FL

Actual/360

4.803%

19,611.79

8,729.93

0.00

N/A

05/06/24

--

4,741,823.31

4,733,093.38

11/06/21

 

47

623100140

MH

Louisville

KY

Actual/360

4.630%

18,515.19

8,750.07

0.00

N/A

06/06/24

--

4,643,954.89

4,635,204.82

11/06/21

 

48

883100270

MF

Chattanooga

TN

Actual/360

4.430%

18,443.67

7,688.13

0.00

N/A

08/06/24

--

4,834,865.02

4,827,176.89

11/06/21

 

49

883100285

RT

Laguna Niguel

CA

Actual/360

4.420%

12,093.50

27,321.69

0.00

N/A

09/06/24

--

3,177,390.74

3,150,069.05

11/06/21

 

50

623100128

MH

Various

Various

Actual/360

5.070%

18,513.09

7,460.09

0.00

N/A

05/06/24

--

4,240,448.44

4,232,988.35

11/06/21

 

51

302581051

LO

Triadelphia

WV

Actual/360

4.700%

17,424.99

9,519.16

0.00

N/A

08/05/24

--

4,305,418.86

4,295,899.70

10/05/21

 

52

623100136

RT

Mebane

NC

Actual/360

4.650%

15,718.40

7,371.82

0.00

N/A

09/06/24

--

3,925,511.23

3,918,139.41

11/06/21

 

53

302581053

RT

Cuyahoga Falls

OH

Actual/360

4.770%

14,450.76

9,828.14

0.00

N/A

08/05/24

--

3,518,140.80

3,508,312.66

11/05/21

 

54

883100260

MF

Chattanooga

TN

Actual/360

4.490%

14,548.37

5,948.33

0.00

N/A

07/06/24

--

3,762,780.02

3,756,831.69

11/06/21

 

56

623100138

IN

Rochester

MN

Actual/360

4.790%

13,815.79

5,312.44

0.00

N/A

09/06/24

--

3,349,507.40

3,344,194.96

11/06/21

 

57

623100126

MF

Parkville

MD

Actual/360

4.690%

14,039.10

4,610.23

0.00

N/A

04/06/24

--

3,476,219.68

3,471,609.45

11/06/21

 

58

883100273

SS

Nashville

TN

Actual/360

4.610%

12,949.20

5,014.28

0.00

N/A

08/06/24

--

3,261,991.13

3,256,976.85

11/06/21

 

59

302581059

SS

Santa Fe

NM

Actual/360

4.760%

11,776.05

5,327.65

0.00

N/A

08/05/24

--

2,872,986.38

2,867,658.73

11/05/21

 

60

623100130

RT

Atlanta

GA

Actual/360

4.570%

11,084.23

5,390.78

0.00

N/A

08/01/24

--

2,816,632.26

2,811,241.48

11/01/21

 

61

623100123

MF

Parkville

MD

Actual/360

4.690%

12,537.70

4,117.19

0.00

N/A

04/06/24

--

3,104,457.22

3,100,340.03

11/06/21

 

63

302581063

SS

Dallas

TX

Actual/360

4.770%

9,748.64

4,368.41

0.00

N/A

09/05/24

--

2,373,375.73

2,369,007.32

11/05/21

 

64

623100137

MF

Selma

AL

Actual/360

5.250%

9,795.92

4,534.91

0.00

N/A

06/06/24

--

2,166,840.46

2,162,305.55

11/06/21

 

65

623100141

MH

Various

IN

Actual/360

5.150%

8,506.30

3,308.34

0.00

N/A

09/06/24

--

1,918,114.24

1,914,805.90

11/06/21

 

Totals

 

 

 

 

   

3,534,047.78

10,601,385.20

0.00

     

929,770,002.05

919,168,616.85

 

 

 

 

 

 

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Page 16 of 29

 


 

 

                           

 

 

 

 

 

Mortgage Loan Detail (Part 2)

 

 

 

 

 

 

 

 

 

Most Recent

Most Recent

Appraisal

       

Cumulative

Current

 

 

 

Most Recent

Most Recent

NOI Start

NOI End

Reduction

Appraisal

Cumulative

Current P&I

Cumulative P&I

Servicer

NRA/WODRA

 

 

Pros ID

Fiscal NOI

NOI

Date

Date

Date

Reduction Amount

ASER

Advances

Advances

Advances

from Principal

Defease Status

 

1

18,659,755.44

9,712,622.22

01/01/21

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

2

29,062,313.27

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

4

37,702,420.28

18,863,008.59

01/01/21

06/30/21

--

0.00

0.00

0.00

0.00

853,219.21

0.00

 

 

4A

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5

4,317,638.39

1,846,201.81

01/01/21

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6

9,071,299.00

4,260,702.58

01/01/21

06/30/21

--

0.00

306,408.91

1,096,064.35

1,096,064.35

0.00

0.00

 

 

7

2,935,256.00

1,467,628.00

01/01/21

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

8

(6,888,458.11)

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

9

0.00

3,292,069.00

01/01/20

03/31/20

01/06/21

0.00

33,281.45

174,236.69

2,865,283.21

0.00

0.00

 

 

12

2,069,405.61

3,161,021.97

07/01/20

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

13

1,322,183.90

969,439.05

07/01/20

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

16

2,548,444.86

1,948,922.76

01/01/21

09/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

17

2,803,810.36

1,751,742.44

01/01/21

09/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

18

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

19

7,132,042.68

7,904,596.04

07/01/20

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

20

2,406,047.90

2,063,048.68

01/01/21

09/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

23

1,430,738.00

984,918.67

01/01/20

09/30/20

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

24

2,250,768.38

594,965.34

01/01/21

03/31/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

25

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

26

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

27

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

30

1,138,981.22

577,657.05

01/01/21

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

31

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

33

332,955.70

113,513.81

01/01/21

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

34

677,690.00

157,296.00

01/01/19

03/31/19

10/13/20

4,772,832.72

360,718.97

30,631.30

800,877.27

232,655.70

0.00

 

 

35

0.00

294,416.50

01/01/21

06/30/21

--

0.00

0.00

44,903.19

89,880.69

0.00

0.00

 

 

36

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

37

1,244,128.00

1,024,041.00

01/01/21

09/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

 

 

 

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Page 17 of 29

 


 

 

                           

 

 

 

 

 

Mortgage Loan Detail (Part 2)

 

 

 

 

 

 

 

 

 

Most Recent

Most Recent

Appraisal

       

Cumulative

Current

 

 

 

Most Recent

Most Recent

NOI Start

NOI End

Reduction

Appraisal

Cumulative

Current P&I

Cumulative P&I

Servicer

NRA/WODRA

 

 

Pros ID

Fiscal NOI

NOI

Date

Date

Date

Reduction Amount

ASER

Advances

Advances

Advances

from Principal

Defease Status

 

38

682,784.00

887,600.00

07/01/20

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

39

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

42

1,354,540.00

1,046,345.03

01/01/21

09/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

44

0.00

(9,344.09)

01/01/21

06/30/21

--

0.00

25,630.62

234,575.54

234,575.54

0.00

0.00

 

 

45

649,203.62

432,297.68

01/01/21

09/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

46

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

47

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

48

502,732.32

242,027.72

01/01/21

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

49

319,634.07

460,323.49

01/01/21

09/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

50

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

51

0.00

(36,930.92)

01/01/21

06/30/21

--

0.00

23,696.89

196,200.27

196,200.27

0.00

0.00

 

 

52

518,971.98

425,982.57

01/01/21

09/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

53

495,428.24

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

54

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

56

417,453.61

308,247.59

01/01/21

09/29/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

57

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

58

495,021.28

394,897.05

01/01/21

09/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

59

393,964.12

351,870.46

01/01/21

09/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

60

437,576.46

332,236.74

01/01/21

09/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

61

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

63

240,886.25

210,546.30

01/01/21

09/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

64

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

65

191,395.57

94,151.99

01/01/21

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

Totals

126,917,012.40

66,128,063.12

     

4,772,832.72

749,736.84

1,776,611.33

5,282,881.33

1,085,874.91

0.00

 

 

 

 

 

 

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Page 18 of 29

 


 

 

           

 

 

Principal Prepayment Detail

 

 

 

   

Unscheduled Principal

Prepayment Penalties

Pros ID

Loan Number

Amount

Prepayment / Liquidation Code

Prepayment Premium Amount

Yield Maintenance Amount

33

302581033

9,505,962.79

Payoff w/ yield maintenance

0.00

1,041,969.36

Totals

 

9,505,962.79

 

0.00

1,041,969.36

Note: Principal Prepayment Amount listed here may include Principal Adjustment Amounts on the loan in addition to the Unscheduled Principal Amount.

 

 

 

 

 

 

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Page 19 of 29

 


 

 

                                       

 

 

 

 

 

 

 

 

Historical Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Delinquencies¹

 

 

 

 

 

Prepayments

 

Rate and Maturities

 

 

30-59 Days

 

60-89 Days

 

90 Days or More

 

Foreclosure

 

REO

 

Modifications

 

Curtailments

 

Payoff

Next Weighted Avg.

 

Distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

Balance

#

Balance

#

Balance

#

Balance

#

Balance

#

Balance

#

Amount

#

Amount

Coupon

Remit

WAM¹

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/18/21

1

7,588,038.74

0

0.00

2

52,537,664.60

2

9,369,583.33

1

8,787,664.60

0

0.00

0

0.00

1

9,505,962.79

4.413833%

4.380124%

35

10/18/21

2

9,390,345.12

0

0.00

2

52,551,599.38

2

9,390,345.12

1

8,801,599.38

0

0.00

0

0.00

0

0.00

4.414055%

4.380177%

36

09/17/21

0

0.00

3

17,029,993.61

2

52,566,654.45

2

9,412,247.10

1

8,816,654.45

0

0.00

0

0.00

0

0.00

4.414315%

4.380443%

37

08/17/21

3

17,064,854.84

0

0.00

2

52,580,469.16

2

9,432,836.92

0

0.00

0

0.00

0

0.00

0

0.00

4.414557%

4.380690%

38

07/16/21

0

0.00

1

7,646,232.15

2

52,594,226.65

2

9,453,343.75

0

0.00

0

0.00

0

0.00

0

0.00

4.414798%

4.380936%

39

06/17/21

1

7,661,379.62

0

0.00

2

52,609,110.83

2

9,474,999.94

0

0.00

0

0.00

0

0.00

0

0.00

4.415053%

4.381197%

40

05/17/21

2

9,495,336.81

1

7,675,476.21

2

52,622,749.69

2

9,495,336.81

0

0.00

0

0.00

1

5,711,000.00

0

0.00

4.415291%

4.381439%

41

04/16/21

1

7,690,510.27

2

9,516,829.17

2

52,637,519.52

2

9,516,829.17

0

0.00

0

0.00

0

0.00

2

36,634,497.92

4.414090%

4.367338%

41

03/17/21

2

9,536,997.43

1

7,704,490.15

3

57,897,766.77

2

9,536,997.43

0

0.00

0

0.00

0

0.00

0

0.00

4.486211%

4.439705%

42

02/18/21

1

7,721,407.85

1

5,262,620.37

5

115,936,186.12

2

9,560,813.96

0

0.00

0

0.00

0

0.00

0

0.00

4.486349%

4.441743%

43

01/15/21

1

5,276,366.33

2

9,580,804.92

3

106,459,955.79

2

9,580,804.92

0

0.00

1

53,778,480.63

0

0.00

0

0.00

4.486462%

4.441859%

44

12/17/20

2

9,600,715.30

1

5,290,056.05

3

106,544,213.16

2

9,600,715.30

0

0.00

0

0.00

0

0.00

0

0.00

4.486573%

4.441974%

44

Note: Foreclosure and REO Totals are included in the delinquencies aging categories.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 20 of 29

 


 

 

                             

 

 

 

 

 

Delinquency Loan Detail

 

 

 

 

 

 

 

 

 

Paid

 

Mortgage

 

 

Outstanding

 

Servicing

Resolution

 

 

 

 

 

 

Through

Months

Loan

Current P&I

Outstanding P&I

Servicer

Actual Principal

Transfer

Strategy

Bankruptcy

Foreclosure

 

Pros ID

Loan ID

Date

Delinquent

Status¹

Advances

Advances

Advances

Balance

Date

Code²

Date

Date

REO Date

9

302581009

06/06/20

16

6

174,236.69

2,865,283.21

0.00

43,750,000.00

08/31/20

1

 

 

 

 

34

883100283

12/06/19

22

6

30,631.30

800,877.27

880,698.05

9,107,712.70

10/25/19

7

 

 

 

08/05/21

35

302581035

09/01/21

1

1

44,903.19

89,880.69

0.00

7,617,746.51

02/22/21

2

 

 

 

 

44

302581044

10/05/21

0

B

234,575.54

234,575.54

4,235.08

5,084,926.26

07/16/20

13

 

 

07/21/16

 

51

302581051

10/05/21

0

B

196,200.27

196,200.27

3,178.20

4,305,418.86

08/06/20

13

 

 

07/21/16

 

Totals

 

 

 

 

680,546.98

4,186,816.98

888,111.33

69,865,804.33

 

 

 

 

 

 

1 Mortgage Loan Status

 

 

 

 

 

2 Resolution Strategy Code

 

 

 

 

 

 

A - Payment Not Received But Still in Grace Period 0 - Current

 

4 - Performing Matured Balloon

 

1 - Modification

6 - DPO

 

 

10 - Deed in Lieu of Foreclosures

B - Late Payment But Less Than 30 days

1 - 30-59 Days Delinquent

5 - Non Performing Matured Balloon

2 - Foreclosure

7 - REO

 

 

11- Full Payoff

 

Delinquent

 

 

 

 

 

 

3 - Bankruptcy

8 - Resolved

 

 

12 - Reps and Warranties

 

 

 

2 - 60-89 Days Delinquent

6 - 121+ Days Delinquent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4 - Extension

9 - Pending Return to Master Servicer

13 -

TBD

 

 

 

 

3 - 90-120 Days Delinquent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5 - Note Sale

98 - Other

 

 

 

 

 

 

 

 

 

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Page 21 of 29

 


 

 

                 

 

 

 

 

Collateral Stratification and Historical Detail

 

Maturity Dates and Loan Status¹

 

 

 

 

 

 

 

 

 

Total

Performing

Non-Performing

 

 

REO/Foreclosure

 

 

Past Maturity

 

0

0

0

 

 

0

 

0 - 6 Months

 

0

0

0

 

 

0

 

7 - 12 Months

 

0

0

0

 

 

0

 

13 - 24 Months

0

0

0

 

 

0

 

25 - 36 Months

808,943,929

739,448,643

51,338,039

 

18,157,248

 

37 - 48 Months

0

0

0

 

 

0

 

49 - 60 Months

54,501,788

54,501,788

0

 

 

0

 

> 60 Months

 

55,722,899

55,722,899

0

 

 

0

 

 

 

 

 

Historical Delinquency Information

 

 

 

 

 

 

 

 

Total

Current

30-59 Days

60-89 Days

90+ Days

REO/Foreclosure

 

 

Nov-21

919,168,617

859,042,914

7,588,039

0

43,750,000

8,787,665

 

Oct-21

929,770,002

867,828,058

9,390,345

0

43,750,000

8,801,599

 

Sep-21

930,939,058

861,342,410

0

17,029,994

43,750,000

8,816,654

 

Aug-21

932,025,504

862,380,180

17,064,855

0

52,580,469

0

 

Jul-21

933,107,643

872,867,184

0

7,646,232

52,594,227

0

 

Jun-21

934,263,894

873,993,403

7,661,380

0

52,609,111

0

 

May-21

935,337,160

865,543,597

9,495,337

7,675,476

52,622,750

0

 

Apr-21

979,051,643

909,206,785

7,690,510

9,516,829

52,637,520

0

 

Mar-21

1,016,696,743

941,557,488

9,536,997

7,704,490

57,897,767

0

 

Feb-21

1,018,215,441

889,295,227

7,721,408

5,262,620

115,936,186

0

 

Jan-21

1,019,442,598

898,125,471

5,276,366

9,580,805

106,459,956

0

 

Dec-20

1,020,664,935

899,229,951

9,600,715

5,290,056

106,544,213

0

 

(1) Maturity dates used in this chart are based on the dates provided by the Master Servicer in the Loan Periodic File.

 

 

 

 

 

 

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Page 22 of 29

 


 

 

                     

 

 

 

Specially Serviced Loan Detail - Part 1

 

 

 

 

 

 

Ending Scheduled

     

Net Operating

     

Remaining

Pros ID

Loan ID

Balance

Actual Balance

Appraisal Value

Appraisal Date

Income

DSCR

DSCR Date

Maturity Date

Amort Term

9

302581009

43,750,000.00

43,750,000.00

242,000,000.00

10/07/20

3,184,976.00

1.54810

03/31/20

08/06/24

I/O

34

883100283

8,787,664.60

9,107,712.70

5,600,000.00

09/28/20

136,399.00

0.89950

03/31/19

08/06/24

273

35

302581035

7,588,038.74

7,617,746.51

12,500,000.00

06/01/14

294,416.50

1.09100

06/30/21

07/01/24

271

44

302581044

5,073,683.63

5,084,926.26

4,800,000.00

12/01/16

(58,033.09)

(0.30390)

06/30/21

08/05/24

212

51

302581051

4,295,899.70

4,305,418.86

4,200,000.00

12/01/16

(84,144.92)

(0.52040)

06/30/21

08/05/24

212

Totals

 

69,495,286.67

69,865,804.33

269,100,000.00

 

3,473,613.49

     

 

 

 

 

 

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Page 23 of 29

 


 

 

                   

 

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

 

 

 

Servicing

 

 

 

 

 

 

 

Property

 

Transfer

Resolution

 

 

 

 

Pros ID

Loan ID

Type¹

State

Date

Strategy Code²

 

Special Servicing Comments

 

9

302581009

RT

CA

08/31/20

1

 

 

 

 

 

Loan transferred to SS for Delinquent Payments on 8/26/2020. Loan previously transferred NT on 4/9/2020. A modification providing financial relief due to COVID-19 was requested. Borrower has requested to either (1) use Reserve funds,

 

including funds in the Excess Cash Reserve, to fund debt service payments or (2) amend the waterfall such that operating expenses are paid prior to debt service, with any debt service shortfalls deferred until such time COVID-19 related issues

 

are resolved. The Property close d in 3/2020 due to COVID-19 and in 5/2020 briefly due to riots that damaged storefronts. The Property has since reopened. Sr and Mezz Loan are due for the 6/2020 payment. Loan is cash managed and all

 

Property cash flow is controlled by Lender. Lender retained counsel and the Senior Loan NOD and Purchase Notice to Mezz was sent 8/5/2020. Mezz Lender's right to cure the monetary default expired 10 BD from receipt of the notice. Mezz

 

Lender has right to purchase the Senior Loan within 6 mos of receipt of notice or until 2/6/2021. Purchase option at par was not exercised by 11/6/2020. To date, Borrower has not provided a workout proposal amenable to Lender. Lender will

 

continue to engage in workout discussions with Borrower and Mezz Lender while exercising its rights and remedies pursuant to the Loan and Intercreditor Agreements. As of YE 2019, NOI/DSCR (A&B)/Occ was $12.6mm/1.16x/95%.

 

34

883100283

OF

DE

10/25/19

7

 

 

 

 

 

Sheriff's foreclosure occured on 8/5/21. Property is now in REO. Still awaiting deed transfer. Motion to confirm sale filed 9/15/21. Special Servicer evaluating disposition options. Expected Resolution date is March 2022.

 

 

35

302581035

LO

GA

02/22/21

2

 

 

 

 

 

Loan transferred due to Imminent Monetary Default stemming form the COVID-19 pandemic. Borrower indicated desire to consensually transfer title.

 

 

 

 

 

44

302581044

LO

OH

07/16/20

13

 

 

 

 

 

Loan transferred for Monetary Default as a result of the Covid-19 pandemic. Special Servicer is actively negotiating with Borrower with regard to a potential reinstatement. Loan is being dual tracked with foreclosure.

 

 

51

302581051

LO

WV

08/06/20

13

 

 

 

 

 

Loan transferred for Monetary Default as a result of the Covid-19 pandemic. Special Servicer is actively negotiating with Borrower with regard to a potential reinstatement. Loan is being dual tracked with foreclosure.

 

 

1 Property Type Codes

 

 

 

 

2 Resolution Strategy Code

 

 

 

HC - Health Care

 

MU - Mixed Use

 

WH - Warehouse

1 - Modification

6 - DPO

 

10 - Deed in Lieu of Foreclosures

MF - Multi-Family

 

SS - Self Storage

 

LO - Lodging

2 - Foreclosure

7 - REO

 

11- Full Payoff

RT - Retail

 

SF - Single Family Rental

98 - Other

3 - Bankruptcy

8 - Resolved

12 - Reps and Warranties

IN - Industrial

 

OF - Office

 

MH - Mobile Home Park

4 - Extension

9 - Pending Return to Master Servicer

13 - TBD

SE - Securities

 

CH - Cooperative Housing

ZZ - Missing Information/Undefined

5 - Note Sale

98 - Other

 

 

 

 

 

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Page 24 of 29

 


 

 

                   

 

 

 

 

Modified Loan Detail

 

 

 

 

 

Pre-Modification

Post-Modification

 

 

 

Modification

Modification

 

 

 

 

 

 

Modification

Modification Booking

Closing

Effective

 

 

          Balance

Rate

        Balance

Rate

 

 

 

 

Pros ID

Loan Number

 

 

 

 

Code¹

Date

Date

Date

6

883100288

0.00

3.00000%

0.00

3.00000%

9

12/11/20

04/06/20

--

8

302511002

44,567,541.62

4.13000%

44,502,705.12

4.13000%

10

06/11/20

05/01/20

08/11/20

8

302511002

0.00

4.13000%

0.00

4.13000%

10

08/11/20

05/01/20

06/11/20

35

302581035

7,819,228.84

4.67100%

7,805,710.52

4.67100%

10

07/27/20

08/01/20

08/11/20

35

302581035

0.00

4.67100%

0.00

4.67100%

10

08/11/20

08/01/20

07/27/20

44

302581044

0.00

4.70000%

0.00

4.70000%

2

03/23/17

03/23/17

--

51

302581051

0.00

4.70000%

0.00

4.70000%

2

03/23/17

03/23/17

--

Totals

 

52,386,770.46

 

52,308,415.64

 

 

 

 

 

1 Modification Codes

 

 

 

 

 

 

 

 

 

1 - Maturity Date Extension

5 - Temporary Rate Reduction

8 - Other

 

 

 

 

 

 

2 - Amortization Change

6 - Capitalization on Interest

9 - Combination

 

 

 

 

 

 

3 - Principal Write-Off

7 - Capitalization on Taxes

10 - Forbearance

 

 

 

 

 

 

Note: Please refer to Servicer Reports for modification comments.

 

 

 

 

 

 

 

 

 

 

 

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Page 25 of 29

 


 

 

                           

 

 

 

 

 

Historical Liquidated Loan Detail

 

 

 

 

 

 

 

 

Loan

 

Gross Sales

       

Current

 

Loss to Loan

Percent of

 

 

 

Beginning

Most Recent

Proceeds or

Fees,

Net Proceeds

Net Proceeds

 

Period

Cumulative

with

Original

 

Loan

 

Scheduled

Appraised

Other

Advances,

Received on

Available for

Realized Loss

Adjustment to

Adjustment to

Cumulative

Loan

Pros ID¹

Number

Dist.Date

Balance

Value or BPO

Proceeds

and Expenses

Liquidation

Distribution

to Loan

Loan

Loan

Adjustment

Balance

29

883100308

01/17/20

13,350,000.00

18,700,000.00

14,041,391.89

253,622.29

14,041,391.89

13,787,769.60

0.00

0.00

0.00

0.00

0.00%

43

302581043

04/16/21

5,246,726.06

9,000,000.00

5,025,649.89

509,151.95

5,025,649.89

4,516,497.94

730,228.12

0.00

0.00

730,228.12

11.77%

55

623100134

07/17/18

3,564,376.67

4,100,000.00

5,047,746.50

1,052,869.27

4,821,769.77

3,768,900.50

0.00

0.00

0.00

0.00

0.00%

62

623100135

07/17/18

2,994,076.30

3,970,000.00

4,062,621.35

624,180.41

3,790,057.06

3,165,876.65

0.00

100,000.00

100,000.00

(100,000.00)

3.17%

Current Period Totals

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

Cumulative Totals

25,155,179.03

35,770,000.00

28,177,409.63

2,439,823.92

27,678,868.61

25,239,044.69

730,228.12

100,000.00

100,000.00

630,228.12

 

 

* Fees, Advances and Expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.).

 

 

 

 

 

 

 

 

 

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Page 26 of 29

 


 

 

                       

 

 

 

 

Historical Bond / Collateral Loss Reconciliation Detail

 

 

 

 

 

 

Certificate

Reimb of Prior

             

 

 

 

Interest Paid

Realized Losses

 

Loss Covered by

       

Total Loss

 

 

 

from Collateral

from Collateral

Aggregate

Credit

Loss Applied to

Loss Applied to

Non-Cash

Realized Losses

Applied to

 

Loan

Distribution

Principal

Interest

Realized Loss to

Support/Deal

Certificate

Certificate

Principal

from

Certificate

Pros ID

Number

Date

Collections

Collections

Loan

Structure

Interest Payment

Balance

Adjustment

NRA/WODRA

Balance

Deal

Deal

05/17/21

0.00

730,227.92

0.00

0.00

0.00

0.00

0.00

0.00

0.00

29

883100308

01/17/20

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

43

302581043

04/16/21

0.00

0.00

730,228.12

0.00

0.00

730,228.12

0.00

0.00

730,228.12

55

623100134

07/17/18

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

62

623100135

11/18/21

0.00

0.00

(100,000.00)

0.00

(100,000.00)

0.00

0.00

0.00

0.00

 

 

07/17/18

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

Current Period Totals

 

0.00

0.00

0.00

0.00

(100,000.00)

0.00

0.00

0.00

0.00

Cumulative Totals

 

0.00

730,227.92

630,228.12

0.00

(100,000.00)

730,228.12

0.00

0.00

730,228.12

 

 

 

 

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Page 27 of 29

 


 

 

                         

 

 

 

 

Interest Shortfall Detail - Collateral Level

 

 

 

 

 

 

   

Special Servicing Fees

           

Modified

 

 

Deferred

         

Non-

 

Reimbursement of

Other

Interest

 

Interest

Interest

         

Recoverable

Interest on

Advances from

Shortfalls /

Reduction /

Pros ID

Adjustments

Collected

Monthly

Liquidation

Work Out

ASER

PPIS / (PPIE)

Interest

Advances

Interest

(Refunds)

(Excess)

6

0.00

0.00

0.00

0.00

1,407.96

0.00

0.00

0.00

0.00

0.00

0.00

67,300.63

9

0.00

0.00

9,418.40

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

34

0.00

0.00

1,894.79

0.00

0.00

19,830.46

0.00

0.00

0.00

0.00

0.00

0.00

35

0.00

0.00

1,636.63

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

44

0.00

0.00

1,094.67

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

51

0.00

0.00

926.86

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

62

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(100,000.00)

0.00

Total

0.00

0.00

14,971.35

0.00

1,407.96

19,830.46

0.00

0.00

0.00

0.00

(100,000.00)

67,300.63

Note: Interest Adjustments listed for each loan do not include amounts that were used to adjust the Weighted Average Net Rate of the mortgage loans.

 

 

Collateral Shortfall Total            3,510.40

 

 

 

 

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Page 28 of 29

 


 

 

     

 

Supplemental Notes

 

 

None

 

 

 

 

 

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Page 29 of 29