Distribution Date:

06/17/25

Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23

Determination Date:

06/11/25

 

Next Distribution Date:

07/17/25

 

Record Date:

05/30/25

Commercial Mortgage Pass-Through Certificates

 

 

Series 2015-C23

 

           

Table of Contents

 

 

Contacts

 

 

Section

Pages

Role

Party and Contact Information

 

 

Certificate Distribution Detail

2

Depositor

Morgan Stanley Capital I Inc.

 

 

Certificate Factor Detail

3

 

General Information Number

(212) 761-4000

cmbs_notices@morganstanley.com

Certificate Interest Reconciliation Detail

4

 

1585 Broadway | New York, NY 10036 | United States

 

 

 

 

Certificate Administrator

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

 

 

Exchangeable Certificate Detail

5

 

Bank, N.A.

 

 

Additional Information

6

 

Corporate Trust Services (CMBS)

 

cctcmbsbondadmin@computershare.com;

 

 

 

 

 

trustadministrationgroup@computershare.com

Bond / Collateral Reconciliation - Cash Flows

7

 

 

 

 

 

 

 

9062 Old Annapolis Road | Columbia, MD 21045 | United States

 

 

Bond / Collateral Reconciliation - Balances

8

Master Servicer

Trimont LLC

 

 

Current Mortgage Loan and Property Stratification

9-13

 

Attention: CMBS Servicing

 

trimont.commercial.servicing@cms.trimont.com

Mortgage Loan Detail (Part 1)

14

 

550 S. Tryon Street, Suite 2400 | Charlotte, NC 28202 | United States

 

Mortgage Loan Detail (Part 2)

15

Excluded Mortgage Loan

Trimont LLC

 

 

 

 

Special Servicer

 

 

 

Principal Prepayment Detail

16

 

 

 

 

 

 

 

Attention: CMBS Servicing

 

trimont.commercial.servicing@cms.trimont.com

Historical Detail

17

 

550 S. Tryon Street, Suite 2400 | Charlotte, NC 28202 | United States

 

Delinquency Loan Detail

18

Special Servicer

LNR Partners, LLC

 

 

Collateral Stratification and Historical Detail

19

 

Heather Bennett and Arne Shulkin

 

hbennett@starwood.com; ashulkin@lnrpartners.com;

Specially Serviced Loan Detail - Part 1

20

 

 

 

lnr.cmbs.notices@lnrproperty.com

 

 

 

2340 Collins Avenue, Suite 700 | Miami Beach, FL 33139 | United States

 

Specially Serviced Loan Detail - Part 2

21

 

 

 

 

 

 

Trust Advisor

Pentalpha Surveillance LLC

 

 

Modified Loan Detail

22

 

Attention: Transaction Manager

 

notices@pentalphasurveillance.com

Historical Liquidated Loan Detail

23

 

501 John James Audubon Parkway, Suite 401 | Amherst, NY 14228 | United States

 

Historical Bond / Collateral Loss Reconciliation Detail

24

Trustee

Wilmington Trust, National Association

 

 

Interest Shortfall Detail - Collateral Level

25

 

Attention: CMBS Trustee

(302) 636-4140

CMBSTrustee@wilmingtontrust.com

Supplemental Notes

26

 

1100 North Market Street | Wilmington, DE 19890 | United States

 

 

 

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 special notices. In addition, certificateholders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526.

   

© 2021 Computershare. All rights reserved. Confidential.

Page 1 of 26

 


 

 

                         

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

Original

 

 

Pass-Through

 

 

       Principal

       Interest

       Prepayment

 

 

 

Credit

Credit

Class (3)

CUSIP

Rate (2)

   Original Balance                               Beginning Balance

      Distribution

       Distribution

       Penalties

    Realized Losses          Total Distribution       Ending Balance

Support¹       Support¹

 

A-1

61690QAA7

1.685000%

45,800,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-2

61690QAB5

2.982000%

122,100,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-SB

61690QAC3

3.398000%

67,600,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-3

61690QAD1

3.451000%

230,000,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-4

61690QAE9

3.719000%

285,394,000.00

98,290,205.23

98,290,205.23

304,617.73

0.00

0.00

98,594,822.96

0.00

0.00%

30.00%

A-S

61690QAG4

4.004000%

75,089,000.00

75,089,000.00

75,089,000.00

250,546.96

0.00

0.00

75,339,546.96

0.00

0.00%

23.00%

B

61690QAH2

4.311308%

60,340,000.00

60,340,000.00

57,504,506.52

216,786.94

0.00

0.00

57,721,293.46

2,835,493.48

98.50%

17.38%

C

61690QAK5

4.311308%

46,931,000.00

46,931,000.00

0.00

168,611.66

0.00

0.00

168,611.66

46,931,000.00

73.70%

13.00%

D

61690QAS8

4.311308%

56,317,000.00

56,317,000.00

0.00

202,333.28

0.00

0.00

202,333.28

56,317,000.00

43.93%

7.75%

E

61690QAU3

4.311308%

24,136,000.00

24,136,000.00

0.00

86,714.77

0.00

0.00

86,714.77

24,136,000.00

31.18%

5.50%

F

61690QAW9

3.000000%

10,727,000.00

10,727,000.00

0.00

26,817.50

0.00

0.00

26,817.50

10,727,000.00

25.51%

4.50%

G

61690QAY5

3.000000%

16,091,000.00

16,091,000.00

0.00

40,227.50

0.00

0.00

40,227.50

16,091,000.00

17.00%

3.00%

H

61690QBA6

3.000000%

32,181,368.00

32,171,955.45

0.00

62,944.05

0.00

0.00

62,944.05

32,171,955.45

0.00%

0.00%

V

61690QBD0

0.000000%

0.01

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

R

61690QBE8

0.000000%

1.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

1,072,706,369.01

420,093,160.68

230,883,711.75

1,359,600.39

0.00

0.00

232,243,312.14

189,209,448.93

 

 

 

 

X-A

61690QAF6

0.592308%

750,894,000.00

98,290,205.23

0.00

48,515.06

0.00

0.00

48,515.06

0.00

 

 

X-B

61690QAL3

0.307308%

75,089,000.00

75,089,000.00

0.00

19,229.54

0.00

0.00

19,229.54

0.00

 

 

X-FG

61690QAN9

1.311308%

26,818,000.00

26,818,000.00

0.00

29,305.55

0.00

0.00

29,305.55

26,818,000.00

 

 

X-H

61690QAQ2

1.311308%

32,181,368.00

32,171,955.45

0.00

35,156.12

0.00

0.00

35,156.12

32,171,955.45

 

 

Notional SubTotal

 

884,982,368.00

232,369,160.68

0.00

132,206.27

0.00

0.00

132,206.27

58,989,955.45

 

 

 

Deal Distribution Total

 

 

 

230,883,711.75

1,491,806.66

0.00

0.00

232,375,518.41

 

 

 

 

(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.

 

 

 

 

 

 

 

 

(3)

Class A-S, Class B, Class C all represent the "Regular Interest" of these respective classes. For details on how the balances and payments of these "Regular Interests" are split between their respective certificates and the Exchangeable Class PST, please refer to page 5.

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

Page 2 of 26

 


 

 

                     

 

 

 

 

Certificate Factor Detail

 

 

 

 

 

 

 

 

 

    Cumulative

 

 

 

 

 

 

 

 

 

    Interest Shortfalls

    Interest

 

 

 

 

Class

CUSIP

   Beginning Balance

     Principal Distribution

    Interest Distribution

     / (Paybacks)

    Shortfalls

    Prepayment Penalties

     Losses

     Total Distribution

     Ending Balance

Regular Certificates

 

 

 

 

 

 

 

 

 

A-1

61690QAA7

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-2

61690QAB5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-SB

61690QAC3

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-3

61690QAD1

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-4

61690QAE9

344.40179271

344.40179271

1.06735856

0.00000000

0.00000000

0.00000000

0.00000000

345.46915128

0.00000000

A-S

61690QAG4

1,000.00000000

1,000.00000000

3.33666662

0.00000000

0.00000000

0.00000000

0.00000000

1,003.33666662

0.00000000

B

61690QAH2

1,000.00000000

953.00806298

3.59275671

0.00000000

0.00000000

0.00000000

0.00000000

956.60081969

46.99193702

C

61690QAK5

1,000.00000000

0.00000000

3.59275660

0.00000000

0.00000000

0.00000000

0.00000000

3.59275660

1,000.00000000

D

61690QAS8

1,000.00000000

0.00000000

3.59275672

0.00000000

0.00000000

0.00000000

0.00000000

3.59275672

1,000.00000000

E

61690QAU3

1,000.00000000

0.00000000

3.59275646

0.00000000

0.00000000

0.00000000

0.00000000

3.59275646

1,000.00000000

F

61690QAW9

1,000.00000000

0.00000000

2.50000000

0.00000000

0.00000000

0.00000000

0.00000000

2.50000000

1,000.00000000

G

61690QAY5

1,000.00000000

0.00000000

2.50000000

0.00000000

0.00000000

0.00000000

0.00000000

2.50000000

1,000.00000000

H

61690QBA6

999.70751554

0.00000000

1.95591592

0.54335291

2.14892170

0.00000000

0.00000000

1.95591592

999.70751554

V

61690QBD0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

R

61690QBE8

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

61690QAF6

130.89757706

0.00000000

0.06460973

0.00000000

0.00000000

0.00000000

0.00000000

0.06460973

0.00000000

X-B

61690QAL3

1,000.00000000

0.00000000

0.25608997

0.00000000

0.00000000

0.00000000

0.00000000

0.25608997

0.00000000

X-FG

61690QAN9

1,000.00000000

0.00000000

1.09275673

0.00000000

0.00000000

0.00000000

0.00000000

1.09275673

1,000.00000000

X-H

61690QAQ2

999.70751554

0.00000000

1.09243709

0.00000000

0.00000000

0.00000000

0.00000000

1.09243709

999.70751554

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

Page 3 of 26

 


 

 

                         

 

 

 

 

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-SB

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

05/01/25 - 05/30/25

30

0.00

304,617.73

0.00

304,617.73

0.00

0.00

0.00

304,617.73

0.00

 

X-A

05/01/25 - 05/30/25

30

0.00

48,515.06

0.00

48,515.06

0.00

0.00

0.00

48,515.06

0.00

 

X-B

05/01/25 - 05/30/25

30

0.00

19,229.54

0.00

19,229.54

0.00

0.00

0.00

19,229.54

0.00

 

X-FG

05/01/25 - 05/30/25

30

0.00

29,305.55

0.00

29,305.55

0.00

0.00

0.00

29,305.55

0.00

 

X-H

05/01/25 - 05/30/25

30

0.00

35,156.12

0.00

35,156.12

0.00

0.00

0.00

35,156.12

0.00

 

A-S

05/01/25 - 05/30/25

30

0.00

250,546.96

0.00

250,546.96

0.00

0.00

0.00

250,546.96

0.00

 

B

05/01/25 - 05/30/25

30

0.00

216,786.94

0.00

216,786.94

0.00

0.00

0.00

216,786.94

0.00

 

C

05/01/25 - 05/30/25

30

0.00

168,611.66

0.00

168,611.66

0.00

0.00

0.00

168,611.66

0.00

 

D

05/01/25 - 05/30/25

30

0.00

202,333.28

0.00

202,333.28

0.00

0.00

0.00

202,333.28

0.00

 

E

05/01/25 - 05/30/25

30

0.00

86,714.77

0.00

86,714.77

0.00

0.00

0.00

86,714.77

0.00

 

F

05/01/25 - 05/30/25

30

0.00

26,817.50

0.00

26,817.50

0.00

0.00

0.00

26,817.50

0.00

 

G

05/01/25 - 05/30/25

30

0.00

40,227.50

0.00

40,227.50

0.00

0.00

0.00

40,227.50

0.00

 

H

05/01/25 - 05/30/25

30

51,669.40

80,429.89

0.00

80,429.89

17,485.84

0.00

0.00

62,944.05

69,155.24

 

Totals

 

 

51,669.40

1,509,292.50

0.00

1,509,292.50

17,485.84

0.00

0.00

1,491,806.66

69,155.24

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

Page 4 of 26

 


 

 

                         

 

 

 

 

Exchangeable Certificate Detail

 

 

 

 

 

 

 

 

Pass-Through

 

 

 

 

   Prepayment

 

 

 

 

 

Class

CUSIP

Rate

     Original Balance

    Beginning Balance                  Principal Distribution              Interest Distribution

  Penalties

 

      Losses

 

    Total Distribution

      Ending Balance

Regular Interest

 

 

 

 

 

 

 

 

 

 

 

 

A-S (Cert)

61690QAG4

4.004000%

75,089,000.00

75,089,000.00

75,089,000.00

250,546.96

0.00

 

0.00

 

75,339,546.96

0.00

A-S (PST)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

B (Cert)

61690QAH2

4.311308%

60,340,000.00

60,340,000.00

57,504,506.52

216,786.94

0.00

 

0.00

 

57,721,293.46

2,835,493.48

B (PST)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

C (Cert)

61690QAK5

4.311308%

46,931,000.00

46,931,000.00

0.00

168,611.66

0.00

 

0.00

 

168,611.66

46,931,000.00

C (PST)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

Regular Interest Total

 

 

182,360,000.03

182,360,000.00

132,593,506.52

635,945.56

0.00

 

0.00

 

133,229,452.08

49,766,493.48

 

Exchangeable Certificate Details

 

 

 

 

 

 

 

 

 

 

 

PST

61690QAJ8

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

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

Page 5 of 26

 


 

 

     

 

Additional Information

 

Total Available Distribution Amount (1)

232,375,518.41

 

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

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

Page 6 of 26

 


 

 

       

Bond / Collateral Reconciliation - Cash Flows

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest

 

Fees

 

Interest Paid or Advanced

1,515,122.62

Master Servicing Fee

3,987.44

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

1,128.46

Interest Adjustments

0.00

Trustee Fee

210.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

180.87

ARD Interest

0.00

Trust Advisor Fee

323.33

Net Prepayment Interest Excess / (Shortfall)

0.00

 

 

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

 

 

Total Interest Collected

1,515,122.62

Total Fees

5,830.11

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

230,883,711.75

Reimbursement for Interest on Advances

2,461.54

Unscheduled Principal Collections

 

ASER Amount

0.00

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

15,024.30

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)

0.00

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

0.00

Total Principal Collected

230,883,711.75

Total Expenses/Reimbursements

17,485.84

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

1,491,806.66

Excess Liquidation Proceeds

0.00

Principal Distribution

230,883,711.75

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

0.00

 

 

Borrower Option Extension Fees

0.00

Total Other Collected

0.00

Total Payments to Certificateholders and Others

232,375,518.41

Total Funds Collected

232,398,834.37

Total Funds Distributed

232,398,834.36

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

Page 7 of 26

 


 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

      Total

 

         Total

Beginning Scheduled Collateral Balance

420,093,160.68

420,093,160.68

Beginning Certificate Balance

420,093,160.68

(-) Scheduled Principal Collections

230,883,711.75

230,883,711.75

(-) Principal Distributions

230,883,711.75

(-) Unscheduled Principal Collections

0.00

0.00

(-) 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

189,209,448.93

189,209,448.93

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

420,106,028.70

420,106,028.70

Ending Certificate Balance

189,209,448.93

Ending Actual Collateral Balance

189,373,609.81

189,373,609.81

 

 

 

 

 

 

 

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

4.31%

 

 

 

 

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.

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

Page 8 of 26

 


 

 

                             

 

 

 

 

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

 

10,000,000 or less

3

15,212,873.46

8.04%

0

4.2243

1.857870

1.30 or less

2

35,805,191.77

18.92%

0

4.2004

1.104759

10,000,001 to 20,000,000

3

43,685,739.72

23.09%

(5)

4.1964

1.735296

1.31 to 1.40

0

0.00

0.00%

0

0.0000

0.000000

20,000,001 to 30,000,000

1

20,500,000.00

10.83%

(2)

3.8150

2.070000

1.41 to 1.50

1

37,903,501.17

20.03%

0

4.4230

1.460000

30,000,001 to 40,000,000

3

109,810,835.75

58.04%

(1)

4.2088

1.452273

1.51 to 1.60

1

4,391,069.43

2.32%

0

4.2650

1.530000

40,000,001 to 50,000,000

0

0.00

0.00%

0

0.0000

0.000000

1.61 to 1.70

1

19,974,766.12

10.56%

(7)

4.2600

1.670000

50,000,001 to 60,000,000

0

0.00

0.00%

0

0.0000

0.000000

1.71 to 1.80

2

51,783,674.93

27.37%

(4)

4.0691

1.716827

60,000,001 to 70,000,000

0

0.00

0.00%

0

0.0000

0.000000

1.81 to 1.90

1

11,927,298.67

6.30%

(1)

4.0270

1.840000

 

70,000,001 or greater

0

0.00

0.00%

0

0.0000

0.000000

1.91 to 2.00

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

10

189,209,448.93

100.00%

(2)

4.1645

1.617158

2.01 to 2.10

1

20,500,000.00

10.83%

(2)

3.8150

2.070000

 

 

 

 

 

 

 

 

2.11 to 2.40

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

2.41 to 2.50

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

2.51 to 2.60

1

6,923,946.84

3.66%

0

4.2100

2.560000

 

 

 

 

 

 

 

 

2.61 to 2.70

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

2.71 to 3.10

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

3.11 to 3.20

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

3.21 to 5.20

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

5.21 or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

10

189,209,448.93

100.00%

(2)

4.1645

1.617158

(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. Rather, the scheduled balance for each state or property only reflects the

 

balance of the senior note (sometimes called the A-piece) of a loan that has been modified into a split-loan structure.

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 9 of 26

 


 

 

                           

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

 

State³

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Type³

 

 

 

 

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

 

 

State

 

 

 

WAM²

WAC

 

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

Property Type

 

 

 

WAM²

WAC

 

 

 

 

 

 

 

 

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

 

Florida

1

6,923,946.84

3.66%

0

4.2100

2.560000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lodging

3

89,830,799.84

47.48%

(1)

4.1878

1.621775

Georgia

1

37,903,501.17

20.03%

0

4.4230

1.460000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed Use

1

6,923,946.84

3.66%

0

4.2100

2.560000

Kansas

1

3,897,857.19

2.06%

(1)

4.2040

0.980000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Family

2

31,758,441.05

16.78%

(7)

4.2600

1.695973

Massachusetts

1

11,927,298.67

6.30%

(1)

4.0270

1.840000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Office

2

24,397,857.19

12.89%

(2)

3.8771

1.895859

New York

2

60,500,000.00

31.98%

(3)

3.9458

1.831983

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

2

36,298,404.01

19.18%

0

4.2079

1.169598

Texas

3

36,149,510.48

19.11%

(6)

4.2606

1.675812

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

10

189,209,448.93

100.00%

(2)

4.1645

1.617158

Vermont

1

31,907,334.58

16.86%

0

4.2000

1.120000

 

 

 

 

 

 

 

 

Totals

10

189,209,448.93

100.00%

(2)

4.1645

1.617158

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 10 of 26

 


 

 

                             

 

 

 

 

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

 

4.000% or less

1

20,500,000.00

10.83%

(2)

3.8150

2.070000

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

4.001% to 4.500%

9

168,709,448.93

89.17%

(2)

4.2070

1.562133

13 to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.501% or greater

0

0.00

0.00%

0

0.0000

0.000000

25 to 36 months

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

10

189,209,448.93

100.00%

(2)

4.1645

1.617158

37 to 48 months

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

49 months or greater

10

189,209,448.93

100.00%

(2)

4.1645

1.617158

 

 

 

 

 

 

 

 

Totals

10

189,209,448.93

100.00%

(2)

4.1645

1.617158

(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. Rather, the scheduled balance for each state or property only reflects the

 

balance of the senior note (sometimes called the A-piece) of a loan that has been modified into a split-loan structure.

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 11 of 26

 


 

 

                             

 

 

 

 

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

 

60 months or less

10

189,209,448.93

100.00%

(2)

4.1645

1.617158

Interest Only

2

60,500,000.00

31.98%

(3)

3.9458

1.831983

61 months to 108 months

0

0.00

0.00%

0

0.0000

0.000000

230 months or less

1

3,897,857.19

2.06%

(1)

4.2040

0.980000

109 months to 114 months

0

0.00

0.00%

0

0.0000

0.000000

231 months to 300 months

7

124,811,591.74

65.96%

(2)

4.2693

1.532924

 

115 months or greater

0

0.00

0.00%

0

0.0000

0.000000

301 months to 350 months

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

10

189,209,448.93

100.00%

(2)

4.1645

1.617158

351 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

10

189,209,448.93

100.00%

(2)

4.1645

1.617158

(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. Rather, the scheduled balance for each state or property only reflects the

 

balance of the senior note (sometimes called the A-piece) of a loan that has been modified into a split-loan structure.

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 12 of 26

 


 

 

                         

 

 

 

 

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

Underwriter's Information

0

0.00

0.00%

0

0.0000

0.000000

 

 

No outstanding loans in this group

 

 

12 months or less

10

189,209,448.93

100.00%

(2)

4.1645

1.617158

 

 

 

 

 

 

13 to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

25 to 36 months

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

37 to 48 months

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

49 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

10

189,209,448.93

100.00%

(2)

4.1645

1.617158

 

 

 

 

 

(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. Rather, the scheduled balance for each state or property only reflects the

 

balance of the senior note (sometimes called the A-piece) of a loan that has been modified into a split-loan structure.

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

Page 13 of 26

 


 

 

                               

 

 

 

 

 

 

Mortgage Loan Detail (Part 1)

 

 

 

 

 

 

 

 

 

 

 

Interest

 

 

 

 

 

Original

Adjusted

Beginning

        Ending

Paid

 

 

Prop

 

 

Accrual

Gross

     Scheduled

    Scheduled

    Principal              Anticipated              Maturity

Maturity

Scheduled

       Scheduled

Through

Pros ID

Loan ID

Type

City

State

Type

Rate

    Interest

     Principal

   Adjustments           Repay Date

Date

Date

Balance

       Balance

Date

1

453000262

RT

Various

Various

Actual/360

4.240%

167,951.11

46,000,000.00

0.00

N/A

06/01/25

--

46,000,000.00

0.00

06/01/25

1A

453000261

 

 

 

Actual/360

4.240%

123,074.39

33,708,750.00

0.00

N/A

06/01/25

--

33,708,750.00

0.00

06/01/25

3

300801277

MU

Fairfax

VA

Actual/360

4.043%

176,729.53

50,762,871.49

0.00

N/A

06/01/25

--

50,762,871.49

0.00

06/01/25

5

300801275

LO

Atlanta

GA

Actual/360

4.423%

144,710.54

91,286.07

0.00

N/A

06/01/25

--

37,994,787.24

37,903,501.17

05/01/25

7

453000255

LO

New York

NY

Actual/360

4.013%

138,222.22

0.00

0.00

N/A

03/01/25

--

40,000,000.00

40,000,000.00

05/01/25

8

303901008

RT

Rutland

VT

Actual/360

4.200%

115,599.83

55,751.79

0.00

N/A

06/01/25

--

31,963,086.37

31,907,334.58

05/01/25

12

303901012

MF

Lafayette

LA

Actual/360

4.280%

66,705.70

18,099,224.48

0.00

N/A

06/01/25

--

18,099,224.48

0.00

06/01/25

14

300801281

RT

Las Vegas

NV

Actual/360

4.284%

65,293.40

17,699,485.71

0.00

N/A

06/01/25

--

17,699,485.71

0.00

06/01/25

16

300801125

MF

Midland

TX

Actual/360

4.260%

73,274.10

0.00

0.00

N/A

11/01/24

11/01/25

19,974,766.12

19,974,766.12

06/01/25

17

300801251

OF

New York

NY

Actual/360

3.815%

67,345.35

0.00

0.00

N/A

04/01/25

--

20,500,000.00

20,500,000.00

03/01/25

18

300801279

OF

Austin

TX

Actual/360

4.206%

45,520.83

12,568,450.75

0.00

N/A

06/01/25

--

12,568,450.75

0.00

06/01/25

20

300801276

OF

Scottsdale

AZ

Actual/360

4.286%

52,856.65

14,321,491.18

0.00

N/A

06/01/25

--

14,321,491.18

0.00

06/01/25

23

300801278

LO

North Dartmouth

MA

Actual/360

4.027%

41,435.12

21,597.75

0.00

N/A

05/01/25

--

11,948,896.42

11,927,298.67

06/01/25

24

300801123

MF

Midland

TX

Actual/360

4.260%

43,226.45

0.00

0.00

N/A

11/01/24

11/01/25

11,783,674.93

11,783,674.93

06/01/25

26

300801272

RT

Park City

UT

Actual/360

3.918%

34,307.63

10,168,739.80

0.00

N/A

06/01/25

--

10,168,739.80

0.00

06/01/25

32

303901032

MU

Delray Beach

FL

Actual/360

4.210%

25,163.54

17,186.95

0.00

N/A

06/01/25

--

6,941,133.79

6,923,946.84

05/01/25

34

303901034

MF

Richmond

VA

Actual/360

4.290%

26,880.20

7,276,391.45

0.00

N/A

06/01/25

--

7,276,391.45

0.00

06/01/25

44

303901044

MF

Mechanicsburg

PA

Actual/360

4.330%

18,628.20

4,996,016.93

0.00

N/A

06/01/25

--

4,996,016.93

0.00

06/01/25

49

303901049

RT

Macomb

MI

Actual/360

4.396%

18,382.67

4,856,145.00

0.00

N/A

06/01/25

--

4,856,145.00

0.00

06/01/25

53

695100486

OF

Topeka

KS

Actual/360

4.204%

14,155.77

12,456.45

0.00

N/A

05/06/25

--

3,910,313.64

3,897,857.19

06/06/25

54

1544011

RT

San Antonio

TX

Actual/360

4.265%

16,158.76

8,697.77

0.00

N/A

06/01/25

--

4,399,767.20

4,391,069.43

06/01/25

62

300801284

MF

Carmichael

CA

Actual/360

4.680%

14,788.64

3,669,636.84

0.00

N/A

06/01/25

--

3,669,636.84

0.00

06/01/25

70

303901070

RT

Philadelphia

PA

Actual/360

4.260%

9,718.75

2,649,363.87

0.00

N/A

06/01/25

--

2,649,363.87

0.00

06/01/25

73

695100496

RT

Sikeston

MO

Actual/360

4.552%

8,650.15

2,206,795.52

0.00

N/A

06/06/25

--

2,206,795.52

0.00

06/06/25

74

300801270

MH

Ooltewah

TN

Actual/360

4.350%

6,343.09

1,693,371.95

0.00

N/A

06/01/25

--

1,693,371.95

0.00

06/01/25

Totals

 

 

 

 

 

 

1,515,122.62

230,883,711.75

0.00

 

 

 

420,093,160.68

189,209,448.93

 

1 Property Type Codes

 

 

 

 

 

 

 

 

 

 

       

HC - Health Care

MU - Mixed Use

WH - Warehouse

MF - Multi-Family

 

 

 

 

 

 

 

 

SS - Self Storage

LO - Lodging

RT - Retail

 

SF - Single Family Rental

 

 

 

 

 

 

 

 

98 - Other

 

IN - Industrial

OF - Office

 

MH - Mobile Home Park

 

 

 

 

 

 

 

 

SE - Securities

CH - Cooperative Housing

ZZ - Missing Information/Undefined

 

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 14 of 26

 


 

 

                           

 

 

 

 

 

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

14,775,728.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

1A

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

3

5,011,095.10

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5

4,630,872.46

5,013,826.02

04/01/24

03/31/25

--

0.00

0.00

235,669.43

235,669.43

0.00

0.00

 

 

7

17,051,205.80

14,664,140.00

01/01/25

03/31/25

05/12/25

0.00

0.00

137,877.78

137,877.78

0.00

0.00

 

 

8

2,464,512.55

0.00

--

--

--

0.00

0.00

171,076.38

171,076.38

0.00

0.00

 

 

12

2,142,303.19

598,274.65

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

14

2,559,797.24

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

16

1,906,956.98

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

17

1,764,859.32

0.00

--

--

--

0.00

0.00

67,103.51

199,339.73

0.00

0.00

 

 

18

2,024,061.28

521,484.87

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

20

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

23

1,606,562.12

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

24

929,564.40

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

26

1,762,206.78

448,665.41

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

32

1,107,178.33

345,813.87

01/01/25

03/31/25

--

0.00

0.00

42,290.72

42,290.72

0.00

0.00

 

 

34

869,311.42

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

44

581,468.32

125,853.57

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

49

422,587.76

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

53

342,485.10

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

54

493,836.18

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

62

246,161.23

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

70

279,658.29

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

73

232,260.00

58,065.00

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

74

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

Totals

63,204,671.85

21,776,123.39

 

 

 

0.00

0.00

654,017.82

786,254.04

0.00

0.00

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

Page 15 of 26

 


 

 

           

 

 

 

Principal Prepayment Detail

 

 

 

 

 

Unscheduled Principal

Prepayment Penalties

Pros ID

Loan Number

Amount

Prepayment / Liquidation Code

Prepayment Premium Amount

Yield Maintenance Amount

 

 

 

No principal prepayments this period

 

 

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

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

Page 16 of 26

 


 

 

                                         

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     

06/17/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.164528%

4.019323%

(2)

05/16/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

4

112,018,072.17

4.188350%

4.136230%

0

04/17/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

3

26,965,656.24

4.138826%

4.099012%

1

03/17/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

3

10,485,552.26

4.140683%

4.107953%

2

02/18/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

3

16,033,845.11

4.146605%

4.114284%

3

01/17/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

1

4,454,840.78

4.152906%

4.133394%

4

12/17/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

1

5,851,554.47

4.154761%

4.135311%

5

11/18/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.156326%

4.136902%

6

10/18/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.156433%

4.137007%

7

09/17/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.156544%

4.137116%

8

08/16/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.156650%

4.137220%

9

07/17/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.156754%

4.137322%

10

(1) Foreclosure and REO Totals are included in the delinquencies aging categories.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

 

 

 

Page 17 of 26

 


 

 

                               

 

 

 

 

 

 

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

5

300801275

05/01/25

0

5

 

235,669.43

235,669.43

0.00

37,994,787.24

05/23/25

13

 

 

 

 

7

453000255

05/01/25

0

5

 

137,877.78

137,877.78

0.00

40,000,000.00

02/07/25

4

 

 

 

 

8

303901008

05/01/25

0

5

 

171,076.38

171,076.38

0.00

31,963,086.37

 

 

 

 

 

 

17

300801251

03/01/25

2

5

 

67,103.51

199,339.73

0.00

20,500,000.00

04/11/25

13

 

 

 

 

32

303901032

05/01/25

0

5

 

42,290.72

42,290.72

0.00

6,941,133.79

 

 

 

 

 

 

Totals

 

 

 

 

 

654,017.82

786,254.04

0.00

137,399,007.40

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 18 of 26

 


 

 

                 

 

 

 

 

Collateral Stratification and Historical Detail

 

Maturity Dates and Loan Status¹

 

 

 

 

 

 

 

 

 

       Total

      Performing

Non-Performing

             REO/Foreclosure

 

 

Past Maturity

 

157,451,008

20,216,225

     137,234,783

 

0

 

0 - 6 Months

 

31,758,441

31,758,441

0

 

 

0

 

7 - 12 Months

 

0

0

0

 

 

0

 

13 - 24 Months

 

0

0

0

 

 

0

 

25 - 36 Months

 

0

0

0

 

 

0

 

37 - 48 Months

 

0

0

0

 

 

0

 

49 - 60 Months

 

0

0

0

 

 

0

 

> 60 Months

 

0

0

0

 

 

0

 

 

 

 

 

Historical Delinquency Information

 

 

 

 

 

 

 

 

     Total

      Current

    30-59 Days

    60-89 Days

                        90+ Days

         REO/Foreclosure

 

 

Jun-25

189,209,449

168,709,449

0

20,500,000

 

0

0

 

May-25

420,093,161

395,682,847

3,910,314

20,500,000

 

0

0

 

Apr-25

698,591,465

638,091,465

0

60,500,000

 

0

0

 

Mar-25

767,609,091

727,609,091

0

0

                  40,000,000

0

 

Feb-25

786,720,480

786,720,480

0

0

 

0

0

 

Jan-25

807,247,975

807,247,975

0

0

 

0

0

 

Dec-24

821,459,298

821,459,298

0

0

 

0

0

 

Nov-24

828,667,538

796,909,097

0

0

                       31,758,441

0

 

Oct-24

829,952,327

829,952,327

0

0

 

0

0

 

Sep-24

831,299,743

831,299,743

0

0

 

0

0

 

Aug-24

832,574,990

832,574,990

0

0

 

0

0

 

Jul-24

833,845,614

833,845,614

0

0

 

0

0

 

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

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

Page 19 of 26

 


 

 

                     

 

 

 

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

5

300801275

37,903,501.17

37,994,787.24

78,500,000.00

03/27/15

4,136,363.02

1.46000

03/31/25

06/01/25

239

7

453000255

40,000,000.00

40,000,000.00

206,600,000.00

04/24/25

13,172,689.00

1.71000

03/31/25

03/01/25

I/O

17

300801251

20,500,000.00

20,500,000.00

42,100,000.00

02/24/15

1,646,519.32

2.07000

12/31/24

04/01/25

I/O

Totals

 

98,403,501.17

98,494,787.24

327,200,000.00

 

18,955,571.34

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

Page 20 of 26

 


 

 

                   

 

 

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

 

 

 

 

Servicing

 

 

 

 

 

 

 

Property

 

Transfer

Resolution

 

 

 

Pros ID

Loan ID

Type¹

State

Date

Strategy Code²

 

Special Servicing Comments

 

5

300801275

LO

GA

05/23/25

13

 

 

 

 

Iminent default due to upcoming maturity date (6/1/2025).

 

 

 

 

 

 

 

7

453000255

LO

NY

02/07/25

4

 

 

 

 

05/02/25: Loan transferred to MLS Special Servicing due to Imminent Monetary Default (Balloon/Maturity Default). Loan matured 03/01/25 and is secured by a 34-story select service hospitality property (401 keys) located in Midtown Manhattan.

 

Loan is comprised of three pari passu senior notes (Note A-1 - $40MM; Note A-2 - $75MM and Note A-3 - $40MM) in the aggregate original principal balance of $155MM and one subordinate B Note in the original principal balance of $20MM.

In addition, there is a mezzanine loan in the original principal balance of $25MM. Borrower has requested an extension due to its inability to obtain financing due to, among other things, a pending civil lawsuit. Negotiations pending.

 

 

17

300801251

OF

NY

04/11/25

13

 

 

 

 

Borrower was unable to pay off the loan at maturity (4/1/25). The subject property is a 12-story, mixed-use condominium building constructed in 1917 and converted into condos in 1983, located at the intersection of Broadway and Houston St in

 

Manhattan's SoHo neighborhood. The entire building totals 147,156 gross square feet across 14 condo units, including 11 office floors and 3 grade-level retail units. Loan collateral is comprised of floors 6, 8, 9, and 12, totaling 44,000 SF,

which represent 32.26% of the condominium's common interest. Per latest rent roll from January 2025, subject is 100% occupied by 5 tenants with in-place annual rent of $2.6MM. Sponsor is ABC Properties. Despite receiving multiple term

sheets Borrower was unable to obtain a takeout lender. Borrower is reportedly moving forward with a refi via a relationship Lender. Payoff is anticipated in June. Lender will dual tracking foreclosure while discussing any workout options.

 

 

 

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

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

Page 21 of 26

 


 

 

                   

 

 

 

 

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

5

300801275

42,660,059.49

4.42300%

42,660,059.49

4.42300%

10

10/08/20

11/01/20

11/12/20

10

300801266

29,511,757.45

4.34000%

29,511,757.45

4.34000%

10

07/31/20

06/01/20

09/11/20

16

300801125

0.00

4.26000%

0.00

4.26000%

10

05/24/22

05/25/22

--

23

300801278

13,123,673.50

4.02700%

13,123,673.50

4.02700%

10

06/29/20

07/01/20

08/11/20

24

300801123

0.00

4.26000%

0.00

4.26000%

10

05/24/22

05/25/22

--

41

300801244

6,491,092.51

4.36000%

6,491,092.51

4.36000%

10

06/30/20

05/01/20

08/11/20

61

695100491

4,006,485.15

4.70700%

0.00

4.70700%

8

11/05/21

11/05/21

12/13/21

Totals

 

95,793,068.10

 

91,786,582.95

 

 

 

 

 

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.

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

Page 22 of 26

 


 

 

                         

 

 

 

 

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

22

303901022               09/17/20

12,703,268.61

18,750,000.00

13,198,549.33

338,844.14

13,198,549.33

12,859,705.19

9,412.85

0.00

0.00

9,412.85

0.06%

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

12,703,268.61

18,750,000.00

13,198,549.33

338,844.14

13,198,549.33

12,859,705.19

9,412.85

0.00

0.00

9,412.85

 

 

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

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

Page 23 of 26

 


 

 

                       

 

 

 

 

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

22

303901022

09/17/20

0.00

0.00

9,412.85

0.00

0.00

9,412.85

0.00

0.00

9,412.85

Current Period Totals

 

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Cumulative Totals

 

0.00

0.00

9,412.85

0.00

0.00

9,412.85

0.00

0.00

9,412.85

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

Page 24 of 26

 


 

 

                         

 

 

 

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)

1

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

116.77

0.00

0.00

0.00

1A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

85.57

0.00

0.00

0.00

5

0.00

0.00

2,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

7

0.00

0.00

8,611.11

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

8

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

45.93

0.00

0.00

0.00

12

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

760.28

0.00

0.00

0.00

14

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

177.16

0.00

0.00

0.00

17

0.00

0.00

4,413.19

0.00

0.00

0.00

0.00

0.00

139.02

0.00

0.00

0.00

18

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

205.14

0.00

0.00

0.00

32

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

237.87

0.00

0.00

0.00

34

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

269.72

0.00

0.00

0.00

44

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

8.27

0.00

0.00

0.00

53

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

10.77

0.00

0.00

0.00

54

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

149.19

0.00

0.00

0.00

62

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

193.30

0.00

0.00

0.00

70

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

62.55

0.00

0.00

0.00

Total

0.00

0.00

15,024.30

0.00

0.00

0.00

0.00

0.00

2,461.54

0.00

0.00

0.00

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

17,485.84

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

Page 25 of 26

 


 

 

     

 

Supplemental Notes

 

 

None

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

Page 26 of 26