Distribution Date:

07/17/25

BMO 2023-5C2 MORTGAGE TRUST

Determination Date:

07/11/25

 

Next Distribution Date:

08/15/25

 

Record Date:

06/30/25

Commercial Mortgage Pass-Through Certificates

 

 

Series 2023-5C2

 

           

Table of Contents

 

 

Contacts

 

 

Section

Pages

Role

Party and Contact Information

 

 

Certificate Distribution Detail

2

Depositor

BMO Commercial Mortgage Securities LLC c/o BMO Capital

 

 

 

 

 

Markets Corp.

 

 

Certificate Factor Detail

3

 

Attention: Paul Vanderslice, Michael Birajiclian and David Schell

 

Paul.Vanderslice@bmo.com,

Certificate Interest Reconciliation Detail

4

 

 

 

Michael.Birajiclian@bmo.com and

 

 

 

 

 

David.Schell@bmo.com

Additional Information

5

 

151 West 42nd Street | New York, NY 10036 | United States

 

 

Bond / Collateral Reconciliation - Cash Flows

6

Certificate Administrator

Computershare Trust Company, N.A.

 

 

Bond / Collateral Reconciliation - Balances

7

 

Corporate Trust Services (CMBS)

 

cctcmbsbondadmin@computershare.com;

Current Mortgage Loan and Property Stratification

8-12

 

 

 

trustadministrationgroup@computershare.com

 

 

 

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

 

 

Mortgage Loan Detail (Part 1)

13-14

 

 

 

 

 

 

Master Servicer

KeyBank National Association

 

 

Mortgage Loan Detail (Part 2)

15-16

 

Attention: Michael Tilden

 

michael_a_tilden@keybank.com

Principal Prepayment Detail

17

 

11501 Outlook Street, Suite 300 | Overland Park, KS 66211 | United States

 

Historical Detail

18

Special Servicer

Greystone Servicing Company LLC

 

 

Delinquency Loan Detail

19

 

Attention: Amy Dixon, General Counsel

 

amy.dixon@greyco.com

Collateral Stratification and Historical Detail

20

 

5221 N. O’Connor Blvd., Suite 800 | Irving, TX 75039 | United States

 

Specially Serviced Loan Detail - Part 1

21

Operating Advisor & Asset

BellOak, LLC

 

 

 

 

Representations Reviewer

 

 

 

Specially Serviced Loan Detail - Part 2

22

 

Attention: Reporting

 

Reporting@belloakadvisors.com

Modified Loan Detail

23

 

200 N. Pacific Coast Highway, Suite 1400 | El Segundo, CA 90245 | United States

 

Historical Liquidated Loan Detail

24

Trustee

Wilmington Trust, National Association

 

 

Historical Bond / Collateral Loss Reconciliation Detail

25

 

Attention: CMBS Trustee

(302) 636-4140

CMBSTrustee@wilmingtontrust.com

Interest Shortfall Detail - Collateral Level

26

 

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

 

 

 

 

Controlling Class

LD III Sub XIV, LLC

 

 

Supplemental Notes

27

Representative

 

 

 

 

 

 

-

 

 

 

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.

   

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Page 1 of 27

 


 
 

 

                         

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

Original

 

 

Pass-Through

 

 

Principal

Interest

     Prepayment

 

 

 

Credit

Credit

Class

CUSIP

Rate (2)

     Original Balance                                 Beginning Balance

Distribution

Distribution

     Penalties

       Realized Losses               Total Distribution          Ending Balance

Support¹        Support¹

 

A-1

05610QAA1

6.800930%

600,000.00

403,028.94

12,127.78

2,284.14

0.00

0.00

14,411.92

390,901.16

30.01%

30.00%

A-2

05610QAB9

6.672670%

101,000,000.00

101,000,000.00

0.00

561,616.39

0.00

0.00

561,616.39

101,000,000.00

30.01%

30.00%

A-3

05610QAC7

7.054846%

426,557,000.00

426,557,000.00

0.00

2,507,745.04

0.00

0.00

2,507,745.04

426,557,000.00

30.01%

30.00%

A-S

05610QAF0

7.243946%

99,030,000.00

99,030,000.00

0.00

597,806.66

0.00

0.00

597,806.66

99,030,000.00

16.88%

16.88%

B

05610QAG8

7.243946%

33,010,000.00

33,010,000.00

0.00

199,268.89

0.00

0.00

199,268.89

33,010,000.00

12.50%

12.50%

C

05610QAH6

7.243946%

26,408,000.00

26,408,000.00

0.00

159,415.11

0.00

0.00

159,415.11

26,408,000.00

9.00%

9.00%

D

05610QAQ6

5.000000%

15,090,000.00

15,090,000.00

0.00

62,875.00

0.00

0.00

62,875.00

15,090,000.00

7.00%

7.00%

E

05610QAS2

5.243946%

7,545,000.00

7,545,000.00

0.00

32,971.31

0.00

0.00

32,971.31

7,545,000.00

6.00%

6.00%

F

05610QAU7

5.243946%

10,375,000.00

10,375,000.00

0.00

45,338.29

0.00

0.00

45,338.29

10,375,000.00

4.63%

4.63%

G-RR

05610QAW3

7.243946%

12,260,000.00

12,260,000.00

0.00

74,008.98

0.00

0.00

74,008.98

12,260,000.00

3.00%

3.00%

J-RR*

05610QAY9

7.243946%

22,636,275.00

22,636,275.00

0.00

132,366.05

0.00

0.00

132,366.05

22,636,275.00

0.00%

0.00%

VRR Interest

N/A

7.243946%

22,534,323.00

22,528,440.24

362.21

135,867.83

0.00

0.00

136,230.04

22,528,078.03

0.00%

0.00%

R

05610QBA0

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

777,045,598.00

776,842,744.18

12,489.99

4,511,563.69

0.00

0.00

4,524,053.68

776,830,254.19

 

 

 

 

X-A

05610QAD5

0.262405%

528,157,000.00

527,960,028.94

0.00

115,449.48

0.00

0.00

115,449.48

527,947,901.16

 

 

X-D

05610QAJ2

2.243946%

15,090,000.00

15,090,000.00

0.00

28,217.62

0.00

0.00

28,217.62

15,090,000.00

 

 

X-E

05610QAL7

2.000000%

7,545,000.00

7,545,000.00

0.00

12,575.00

0.00

0.00

12,575.00

7,545,000.00

 

 

X-F

05610QAN3

2.000000%

10,375,000.00

10,375,000.00

0.00

17,291.67

0.00

0.00

17,291.67

10,375,000.00

 

 

Notional SubTotal

 

561,167,000.00

560,970,028.94

0.00

173,533.77

0.00

0.00

173,533.77

560,957,901.16

 

 

 

Deal Distribution Total

 

 

 

12,489.99

4,685,097.46

0.00

0.00

4,697,587.45

 

 

 

 

*

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.

 

 

 

 

 

 

 

 

 

 

 

 

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Page 2 of 27

 


 
 

 

                     

 

 

 

 

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

05610QAA1

671.71490000

20.21296667

3.80690000

0.00000000

0.00000000

0.00000000

0.00000000

24.01986667

651.50193333

A-2

05610QAB9

1,000.00000000

0.00000000

5.56055832

0.00000000

0.00000000

0.00000000

0.00000000

5.56055832

1,000.00000000

A-3

05610QAC7

1,000.00000000

0.00000000

5.87903853

0.00000000

0.00000000

0.00000000

0.00000000

5.87903853

1,000.00000000

A-S

05610QAF0

1,000.00000000

0.00000000

6.03662183

0.00000000

0.00000000

0.00000000

0.00000000

6.03662183

1,000.00000000

B

05610QAG8

1,000.00000000

0.00000000

6.03662193

0.00000000

0.00000000

0.00000000

0.00000000

6.03662193

1,000.00000000

C

05610QAH6

1,000.00000000

0.00000000

6.03662186

0.00000000

0.00000000

0.00000000

0.00000000

6.03662186

1,000.00000000

D

05610QAQ6

1,000.00000000

0.00000000

4.16666667

0.00000000

0.00000000

0.00000000

0.00000000

4.16666667

1,000.00000000

E

05610QAS2

1,000.00000000

0.00000000

4.36995494

0.00000000

0.00000000

0.00000000

0.00000000

4.36995494

1,000.00000000

F

05610QAU7

1,000.00000000

0.00000000

4.36995566

0.00000000

0.00000000

0.00000000

0.00000000

4.36995566

1,000.00000000

G-RR

05610QAW3

1,000.00000000

0.00000000

6.03662153

0.00000000

0.00000000

0.00000000

0.00000000

6.03662153

1,000.00000000

J-RR

05610QAY9

1,000.00000000

0.00000000

5.84751908

0.18910267

1.05771422

0.00000000

0.00000000

5.84751908

1,000.00000000

VRR Interest

N/A

999.73894223

0.01607370

6.02937262

0.00567312

0.03173248

0.00000000

0.00000000

6.04544632

999.72286853

R

05610QBA0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

05610QAD5

999.62705964

0.00000000

0.21858932

0.00000000

0.00000000

0.00000000

0.00000000

0.21858932

999.60409719

X-D

05610QAJ2

1,000.00000000

0.00000000

1.86995494

0.00000000

0.00000000

0.00000000

0.00000000

1.86995494

1,000.00000000

X-E

05610QAL7

1,000.00000000

0.00000000

1.66666667

0.00000000

0.00000000

0.00000000

0.00000000

1.66666667

1,000.00000000

X-F

05610QAN3

1,000.00000000

0.00000000

1.66666699

0.00000000

0.00000000

0.00000000

0.00000000

1.66666699

1,000.00000000

 

 

 

 

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Page 3 of 27

 


 
 

 

                         

 

 

 

 

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

06/01/25 - 06/30/25

30

0.00

2,284.14

0.00

2,284.14

0.00

0.00

0.00

2,284.14

0.00

 

A-2

06/01/25 - 06/30/25

30

0.00

561,616.39

0.00

561,616.39

0.00

0.00

0.00

561,616.39

0.00

 

A-3

06/01/25 - 06/30/25

30

0.00

2,507,745.04

0.00

2,507,745.04

0.00

0.00

0.00

2,507,745.04

0.00

 

X-A

06/01/25 - 06/30/25

30

0.00

115,449.48

0.00

115,449.48

0.00

0.00

0.00

115,449.48

0.00

 

A-S

06/01/25 - 06/30/25

30

0.00

597,806.66

0.00

597,806.66

0.00

0.00

0.00

597,806.66

0.00

 

B

06/01/25 - 06/30/25

30

0.00

199,268.89

0.00

199,268.89

0.00

0.00

0.00

199,268.89

0.00

 

C

06/01/25 - 06/30/25

30

0.00

159,415.11

0.00

159,415.11

0.00

0.00

0.00

159,415.11

0.00

 

X-D

06/01/25 - 06/30/25

30

0.00

28,217.62

0.00

28,217.62

0.00

0.00

0.00

28,217.62

0.00

 

X-E

06/01/25 - 06/30/25

30

0.00

12,575.00

0.00

12,575.00

0.00

0.00

0.00

12,575.00

0.00

 

X-F

06/01/25 - 06/30/25

30

0.00

17,291.67

0.00

17,291.67

0.00

0.00

0.00

17,291.67

0.00

 

D

06/01/25 - 06/30/25

30

0.00

62,875.00

0.00

62,875.00

0.00

0.00

0.00

62,875.00

0.00

 

E

06/01/25 - 06/30/25

30

0.00

32,971.31

0.00

32,971.31

0.00

0.00

0.00

32,971.31

0.00

 

F

06/01/25 - 06/30/25

30

0.00

45,338.29

0.00

45,338.29

0.00

0.00

0.00

45,338.29

0.00

 

G-RR

06/01/25 - 06/30/25

30

0.00

74,008.98

0.00

74,008.98

0.00

0.00

0.00

74,008.98

0.00

 

J-RR

06/01/25 - 06/30/25

30

19,544.15

136,646.63

0.00

136,646.63

4,280.58

0.00

0.00

132,366.05

23,942.71

 

VRR Interest

06/01/25 - 06/30/25

30

583.70

135,995.67

0.00

135,995.67

127.84

0.00

0.00

135,867.83

715.07

 

Totals

 

 

20,127.85

4,689,505.88

0.00

4,689,505.88

4,408.42

0.00

0.00

4,685,097.46

24,657.78

 

 

 

 

 

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Page 4 of 27

 


 
 

 

     

 

Additional Information

 

Total Available Distribution Amount (1)

4,697,587.45

 

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

 

 

 

 

 

 

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Page 5 of 27

 


 
 

 

       

Bond / Collateral Reconciliation - Cash Flows

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest

 

Fees

 

Interest Paid or Advanced

4,701,209.40

Master Servicing Fee

2,821.58

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

6,775.37

Interest Adjustments

0.00

Trustee Fee

391.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

323.68

ARD Interest

0.00

Operating Advisor Fee

1,204.11

Net Prepayment Interest Excess / (Shortfall)

0.00

Asset Representations Reviewer Fee

187.74

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

 

 

Total Interest Collected

4,701,209.40

Total Fees

11,703.48

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

12,489.99

Reimbursement for Interest on Advances

908.43

Unscheduled Principal Collections

 

ASER Amount

0.00

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

3,500.00

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

Principal Adjustments

0.00

Taxes Imposed on Trust Fund

0.00

 

 

Non-Recoverable Advances

0.00

 

 

Workout Delayed Reimbursement Amounts

0.00

 

 

Other Expenses

0.00

Total Principal Collected

12,489.99

Total Expenses/Reimbursements

4,408.43

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

4,685,097.46

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

12,489.99

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

4,697,587.45

Total Funds Collected

4,713,699.39

Total Funds Distributed

4,713,699.36

 

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Page 6 of 27

 


 
 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

   Total

 

     Total

Beginning Scheduled Collateral Balance

776,842,744.53

776,842,744.53

Beginning Certificate Balance

776,842,744.18

(-) Scheduled Principal Collections

12,489.99

12,489.99

(-) Principal Distributions

12,489.99

(-) 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

776,830,254.54

776,830,254.54

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

776,842,744.53

776,842,744.53

Ending Certificate Balance

776,830,254.19

Ending Actual Collateral Balance

776,830,254.54

776,830,254.54

 

 

 

 

 

 

 

NRA/WODRA Reconciliation

 

Under / Over Collateralization Reconciliation

 

 

 

Non-Recoverable Advances (NRA) from

Workout Delayed Reimbursement of Advances

 

 

 

 

Principal

(WODRA) from Principal

Beginning UC / (OC)

(0.35)

Beginning Cumulative Advances

0.00

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

(0.35)

Ending Cumulative Advances

0.00

0.00

Net WAC Rate

7.24%

 

 

 

 

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 7 of 27

 


 
 

 

                             

 

 

 

 

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

 

4,999,999 or less

7

26,473,708.81

3.41%

38

7.4250

1.665042

1.49 or less

30

548,936,295.73

70.66%

39

7.2230

1.216535

5,000,000 to 9,999,999

14

93,425,295.73

12.03%

38

7.6880

1.320065

1.50 to 1.59

2

13,789,000.00

1.78%

38

6.8726

1.555633

10,000,000 to 19,999,999

9

122,661,250.00

15.79%

37

7.4189

1.432524

1.60 to 1.69

3

35,500,000.00

4.57%

36

7.6626

1.645352

20,000,000 to 29,999,999

10

220,270,000.00

28.35%

39

7.5096

1.586467

1.70 to 1.79

3

47,850,000.00

6.16%

39

7.4623

1.730784

30,000,000 to 39,999,999

3

91,500,000.00

11.78%

39

8.0802

1.304098

1.80 to 1.89

1

18,136,250.00

2.33%

40

6.4732

1.840000

 

40,000,000 or higher

4

222,500,000.00

28.64%

39

6.3958

1.328427

1.90 to 1.99

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

47

776,830,254.54

100.00%

39

7.2620

1.425631

2.00 or more

8

112,618,708.81

14.50%

39

7.4154

2.163265

 

 

 

 

 

 

 

 

Totals

47

776,830,254.54

100.00%

39

7.2620

1.425631

(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.

 

 

 

 

 

 

 

 

 

 

 

 

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Page 8 of 27

 


 
 

 

                           

 

 

 

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

 

Arizona

2

30,000,000.00

3.86%

39

7.8500

1.210000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial

9

96,679,212.73

12.45%

38

7.2594

1.650773

Arkansas

6

11,981,000.00

1.54%

39

7.4140

1.720000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lodging

3

40,298,708.81

5.19%

40

8.4197

1.489182

California

7

115,841,786.26

14.91%

39

7.5634

1.831858

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed Use

4

71,765,000.00

9.24%

38

7.3320

1.659934

Colorado

2

3,792,000.00

0.49%

39

7.0300

1.150000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mobile Home Park

1

3,450,000.00

0.44%

38

7.3910

1.360000

Connecticut

1

65,000,000.00

8.37%

38

7.7950

1.480000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Family

16

132,575,000.00

17.07%

39

5.8000

1.005529

Florida

1

8,000,000.00

1.03%

38

8.5400

1.620000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Office

9

201,122,333.00

25.89%

38

7.7684

1.515215

Georgia

2

36,098,708.81

4.65%

40

8.4040

1.464653

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

7

210,940,000.00

27.15%

39

7.4742

1.371704

Illinois

1

10,975,000.00

1.41%

37

6.7500

0.560000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Self Storage

13

20,000,000.00

2.57%

39

7.0300

1.150000

Indiana

1

3,450,000.00

0.44%

38

7.3910

1.360000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

62

776,830,254.54

100.00%

39

7.2620

1.425631

Maryland

3

10,822,832.35

1.39%

40

6.5408

1.756235

 

 

 

 

 

 

 

 

Massachusetts

1

2,036,941.18

0.26%

39

7.0300

1.150000

 

 

 

 

 

 

 

 

Missouri

4

11,669,000.00

1.50%

39

7.4140

1.720000

 

 

 

 

 

 

 

 

Nebraska

1

62,500,000.00

8.05%

39

6.4000

1.430000

 

 

 

 

 

 

 

 

Nevada

2

18,467,300.00

2.38%

39

7.2889

1.088704

 

 

 

 

 

 

 

 

New Jersey

7

81,149,000.00

10.45%

38

7.7212

1.386785

 

 

 

 

 

 

 

 

New York

9

100,348,333.00

12.92%

38

7.6753

1.295369

 

 

 

 

 

 

 

 

North Carolina

1

15,000,000.00

1.93%

35

7.3875

1.270000

 

 

 

 

 

 

 

 

Pennsylvania

2

137,500,000.00

17.70%

39

5.8643

1.177273

 

 

 

 

 

 

 

 

Texas

7

8,598,352.94

1.11%

39

7.0300

1.150000

 

 

 

 

 

 

 

 

Virginia

1

17,500,000.00

2.25%

37

8.3030

1.660000

 

 

 

 

 

 

 

 

Washington

1

26,100,000.00

3.36%

40

8.0600

1.310000

 

 

 

 

 

 

 

 

Totals

62

776,830,254.54

100.00%

39

7.2620

1.425631

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 9 of 27

 


 
 

 

                             

 

 

 

 

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

 

4.99999 or less

2

79,800,000.00

10.27%

39

4.6869

0.748722

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

5.00000 to 5.99999

1

10,000,000.00

1.29%

33

5.8400

1.640000

13 months to 24 months

44

748,830,254.54

96.40%

39

7.2603

1.427845

 

6.00000 to 6.49999

3

101,156,250.00

13.02%

39

6.3570

1.740848

25 months to 36 months

3

28,000,000.00

3.60%

33

7.3070

1.366429

 

6.50000 to 6.99999

1

10,975,000.00

1.41%

37

6.7500

0.560000

37 months to 48 months

0

0.00

0.00%

0

0.0000

0.000000

 

7.00000 to 7.49999

16

162,196,295.73

20.88%

38

7.2965

1.565564

49 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

7.50000 to 7.99999

13

235,214,000.00

30.28%

39

7.8816

1.372883

Totals

47

776,830,254.54

100.00%

39

7.2620

1.425631

 

8.00000 or higher

11

177,488,708.81

22.85%

39

8.1949

1.533798

 

 

 

 

 

 

 

 

Totals

47

776,830,254.54

100.00%

39

7.2620

1.425631

 

 

 

 

 

 

 

(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 10 of 27

 


 
 

 

                             

 

 

 

 

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

 

53 or higher

0

0.00

0.00%

0

0.0000

0.000000

Interest Only

45

764,368,583.00

98.40%

39

7.2568

1.421758

 

Totals

47

776,830,254.54

100.00%

39

7.2620

1.425631

296 months or less

1

4,598,708.81

0.59%

37

8.5000

2.250000

 

 

 

 

 

 

 

 

297 months or greater

1

7,862,962.73

1.01%

38

7.0500

1.320000

 

 

 

 

 

 

 

 

Totals

47

776,830,254.54

100.00%

39

7.2620

1.425631

(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 27

 


 
 

 

                         

 

 

 

 

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

11

78,750,000.00

10.14%

38

7.4698

1.750387

 

 

No outstanding loans in this group

 

 

12 months or less

34

683,055,254.54

87.93%

39

7.2199

1.393516

 

 

 

 

 

 

13 months to 24 months

2

15,025,000.00

1.93%

34

8.0894

1.183478

 

 

 

 

 

 

25 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

47

776,830,254.54

100.00%

39

7.2620

1.425631

 

 

 

 

 

(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.

 

 

 

 

 

 

 

 

 

 

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Page 12 of 27

 


 
 

 

                                 

 

 

 

 

 

 

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

Loan Group         Type

City

State

Type

Rate

Interest

   Principal

    Adjustments         Repay Date

Date

Date

Balance

Balance

Date

1-A-1

10249338

1

MF

Philadelphia

PA

Actual/360

4.676%

292,258.75

0.00

0.00

N/A

10/08/28

--

75,000,000.00

75,000,000.00

07/08/25

2-A-1

10249343

1

RT

West Hartford

CT

Actual/360

7.795%

259,833.33

0.00

0.00

N/A

09/06/28

--

40,000,000.00

40,000,000.00

07/06/25

2-A-3

10249347

1

 

 

 

Actual/360

7.795%

129,916.67

0.00

0.00

N/A

09/06/28

--

20,000,000.00

20,000,000.00

07/06/25

2-A-7

10249351

1

 

 

 

Actual/360

7.795%

32,479.17

0.00

0.00

N/A

09/06/28

--

5,000,000.00

5,000,000.00

07/06/25

3

10249352

1

RT

Papillion

NE

Actual/360

6.400%

333,333.33

0.00

0.00

N/A

10/06/28

--

62,500,000.00

62,500,000.00

07/06/25

4-A-1

10249353

1

MU

Collegeville

PA

Actual/360

7.290%

121,500.00

0.00

0.00

N/A

09/06/28

--

20,000,000.00

20,000,000.00

07/06/25

4-A-2

10249354

1

 

 

 

Actual/360

7.290%

121,500.00

0.00

0.00

N/A

09/06/28

--

20,000,000.00

20,000,000.00

07/06/25

4-A-4

10249356

1

 

 

 

Actual/360

7.290%

60,750.00

0.00

0.00

N/A

09/06/28

--

10,000,000.00

10,000,000.00

07/06/25

4-A-6

10249358

1

 

 

 

Actual/360

7.290%

30,375.00

0.00

0.00

N/A

09/06/28

--

5,000,000.00

5,000,000.00

07/06/25

4-A-8

10249360

1

 

 

 

Actual/360

7.290%

30,375.00

0.00

0.00

N/A

09/06/28

--

5,000,000.00

5,000,000.00

07/06/25

4-A-12

10249364

1

 

 

 

Actual/360

7.290%

15,187.50

0.00

0.00

N/A

09/06/28

--

2,500,000.00

2,500,000.00

07/06/25

5

10249365

1

OF

New York

NY

Actual/360

7.960%

192,366.67

0.00

0.00

N/A

10/01/28

--

29,000,000.00

29,000,000.00

07/01/25

5-A-4

10249369

1

 

 

 

Actual/360

7.960%

132,666.67

0.00

0.00

N/A

10/01/28

--

20,000,000.00

20,000,000.00

07/01/25

5-A-6-1

10249371

1

 

 

 

Actual/360

7.960%

59,700.00

0.00

0.00

N/A

10/01/28

--

9,000,000.00

9,000,000.00

07/01/25

6-A-1

10249374

1

OF

Oakland

CA

Actual/360

8.012%

300,457.50

0.00

0.00

N/A

11/06/28

--

45,000,000.00

45,000,000.00

07/06/25

7

10249376

1

LO

Atlanta

GA

Actual/360

8.390%

220,237.50

0.00

0.00

N/A

11/06/28

--

31,500,000.00

31,500,000.00

07/06/25

8

10249378

1

RT

Various

AZ

Actual/360

7.850%

196,250.00

0.00

0.00

N/A

10/06/28

--

30,000,000.00

30,000,000.00

07/06/25

9

10249379

1

OF

Red Bank

NJ

Actual/360

7.985%

199,625.00

0.00

0.00

N/A

10/06/28

--

30,000,000.00

30,000,000.00

07/06/25

10

10249384

1

RT

Lacey

WA

Actual/360

8.060%

175,305.00

0.00

0.00

N/A

11/06/28

--

26,100,000.00

26,100,000.00

07/06/25

11

10249385

1

MF

Various

Various

Actual/360

7.414%

146,117.58

0.00

0.00

N/A

10/06/28

--

23,650,000.00

23,650,000.00

07/06/25

12

10249386

1

IN

Keyport

NJ

Actual/360

7.840%

137,200.00

0.00

0.00

N/A

10/06/28

--

21,000,000.00

21,000,000.00

07/06/25

13

10249387

1

IN

Los Angeles

CA

Actual/360

6.123%

104,706.72

0.00

0.00

N/A

11/06/28

--

20,520,000.00

20,520,000.00

07/06/25

14

10249388

1

SS

Various

Various

Actual/360

7.030%

117,166.67

0.00

0.00

N/A

10/06/28

--

20,000,000.00

20,000,000.00

07/06/25

15-A-3-4

10249389

1

OF

New York

NY

Actual/360

7.440%

46,500.00

0.00

0.00

N/A

07/06/28

--

7,500,000.00

7,500,000.00

06/06/25

15-A-3-7

10249390

1

 

 

 

Actual/360

7.440%

35,133.34

0.00

0.00

N/A

07/06/28

--

5,666,667.00

5,666,667.00

06/06/25

15-A-3-8

10249391

1

 

 

 

Actual/360

7.440%

35,133.33

0.00

0.00

N/A

07/06/28

--

5,666,666.00

5,666,666.00

06/06/25

16

10249392

1

IN

Various

Various

Actual/360

6.473%

97,832.98

0.00

0.00

N/A

11/06/28

--

18,136,250.00

18,136,250.00

07/06/25

17-A-3

10247711

1

IN

Riverside

CA

Actual/360

8.122%

87,988.33

0.00

0.00

N/A

04/01/28

--

13,000,000.00

13,000,000.00

07/01/25

 

 

 

 

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Page 13 of 27

 


 
 

 

                                 

 

 

 

 

 

 

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

Loan Group               Type

   City

State

Type

Rate

Interest

   Principal

    Adjustments         Repay Date

Date

Date

Balance

Balance

Date

17-A-4

10247712

1

 

 

 

Actual/360

8.122%

33,841.67

0.00

0.00

N/A

04/01/28

--

5,000,000.00

5,000,000.00

07/01/25

18-A-7-2

10249393

1

RT

Richmond

VA

Actual/360

8.303%

121,085.42

0.00

0.00

N/A

08/01/28

--

17,500,000.00

17,500,000.00

06/01/25

19

10249394

1

OF

El Segundo

CA

Actual/360

7.832%

99,858.00

0.00

0.00

N/A

11/06/28

--

15,300,000.00

15,300,000.00

07/06/25

20-A-4

10249395

1

OF

Charlotte

NC

Actual/360

7.388%

92,343.75

0.00

0.00

N/A

06/06/28

--

15,000,000.00

15,000,000.00

07/06/25

21

10249396

1

Various     Various

Various

Actual/360

8.290%

88,081.25

0.00

0.00

N/A

10/06/28

--

12,750,000.00

12,750,000.00

07/06/25

22

10249397

1

MF

Chicago

IL

Actual/360

6.750%

61,734.38

0.00

0.00

N/A

08/06/28

--

10,975,000.00

10,975,000.00

05/06/25

23-A-9

10249398

1

OF

Jersey City

NJ

Actual/360

5.840%

48,666.67

0.00

0.00

N/A

04/06/28

--

10,000,000.00

10,000,000.00

07/06/25

24

10249399

1

RT

Las Vegas

NV

Actual/360

8.004%

65,632.80

0.00

0.00

N/A

10/06/28

--

9,840,000.00

9,840,000.00

06/06/25

25

10248342

1

OF

Jersey City

NJ

Actual/360

7.950%

59,552.13

0.00

0.00

N/A

09/06/28

--

8,989,000.00

8,989,000.00

07/06/25

26

10249400

1

MF

Kissimmee

FL

Actual/360

8.540%

56,933.33

0.00

0.00

N/A

09/06/28

--

8,000,000.00

8,000,000.00

07/06/25

27

10249401

1

IN

Inglewood

CA

Actual/360

7.050%

46,237.53

7,255.58

0.00

N/A

09/06/28

--

7,870,218.31

7,862,962.73

07/06/25

28

10249402

1

MU

Ridgewood

NY

Actual/360

7.330%

34,512.08

0.00

0.00

N/A

09/06/28

--

5,650,000.00

5,650,000.00

07/06/25

29

10249403

1

MF

Bronx

NY

Actual/360

7.355%

32,178.13

0.00

0.00

N/A

10/06/28

--

5,250,000.00

5,250,000.00

07/06/25

30

10249404

1

MF

Ceres

CA

Actual/360

7.870%

32,135.83

0.00

0.00

N/A

09/01/28

--

4,900,000.00

4,900,000.00

07/01/25

31

10249405

1

MF

Bronx

NY

Actual/360

4.855%

19,420.00

0.00

0.00

N/A

08/06/28

--

4,800,000.00

4,800,000.00

07/06/25

32

10249406

1

LO

Douglas

GA

Actual/360

8.500%

32,611.26

5,234.41

0.00

N/A

08/06/28

--

4,603,943.22

4,598,708.81

07/06/25

33

10249407

1

LO

Brooklyn

NY

Actual/360

8.555%

29,942.50

0.00

0.00

N/A

11/06/28

--

4,200,000.00

4,200,000.00

07/06/25

34

10249408

1

MH

La Porte

IN

Actual/360

7.391%

21,249.13

0.00

0.00

N/A

09/06/28

--

3,450,000.00

3,450,000.00

07/06/25

35

10249409

1

MU

Brooklyn

NY

Actual/360

7.880%

13,297.50

0.00

0.00

N/A

09/06/28

--

2,025,000.00

2,025,000.00

01/06/25

Totals

 

 

 

 

 

 

 

4,701,209.40

12,489.99

0.00

 

 

 

776,842,744.53

776,830,254.54

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 14 of 27

 


 
 

 

                           

 

 

 

 

 

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

Loan Group

Fiscal NOI

NOI

   Date

  Date

    Date

Reduction Amount

     ASER

Advances

Advances

    Advances

from Principal

Defease Status

1-A-1

1

15,906,285.97

14,027,229.93

04/01/24

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

2-A-1

1

0.00

29,905,925.07

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

2-A-3

1

0.00

29,905,925.07

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

2-A-7

1

0.00

29,905,925.07

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

3

1

0.00

5,862,336.74

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

4-A-1

1

0.00

13,652,459.61

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

4-A-2

1

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

4-A-4

1

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

4-A-6

1

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

4-A-8

1

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

4-A-12

1

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

5

1

0.00

11,413,327.81

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

5-A-4

1

0.00

6,598,560.61

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

5-A-6-1

1

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

6-A-1

1

0.00

14,606,216.56

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

7

1

0.00

5,340,512.20

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

8

1

0.00

8,175,740.00

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

9

1

0.00

6,150,897.19

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

10

1

2,942,034.78

2,992,230.69

04/01/24

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

11

1

0.00

3,199,077.93

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

12

1

0.00

2,292,730.30

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

13

1

0.00

3,415,002.25

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

14

1

0.00

7,061,236.00

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

15-A-3-4

1

0.00

29,170,830.33

01/01/24

12/31/24

--

0.00

0.00

46,476.56

46,476.56

0.00

0.00

 

15-A-3-7

1

0.00

29,170,830.33

01/01/24

12/31/24

--

0.00

0.00

35,115.63

35,115.63

0.00

0.00

 

15-A-3-8

1

0.00

29,170,830.33

01/01/24

12/31/24

--

0.00

0.00

35,115.62

35,115.62

0.00

0.00

 

16

1

0.00

2,317,473.38

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

17-A-3

1

5,993,888.28

4,174,950.88

01/01/24

06/30/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

 

 

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Page 15 of 27

 


 
 

 

                           

 

 

 

 

 

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

Loan Group

Fiscal NOI

NOI

   Date

   Date

   Date

Reduction Amount

     ASER

Advances

Advances

    Advances

from Principal

Defease Status

17-A-4

1

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

18-A-7-2

1

0.00

26,629,293.00

01/01/24

12/31/24

--

0.00

0.00

121,030.73

121,030.73

0.00

0.00

 

19

1

0.00

1,732,108.29

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

20-A-4

1

0.00

9,102,774.00

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

21

1

1,394,112.70

1,350,762.30

04/01/24

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

22

1

465,592.00

432,419.52

04/01/24

03/31/25

--

0.00

0.00

61,586.03

125,480.08

0.00

0.00

 

23-A-9

1

22,674,370.12

23,607,529.00

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

24

1

0.00

376,602.70

01/01/24

12/31/24

--

0.00

0.00

65,612.30

65,612.30

0.00

0.00

 

25

1

1,287,204.64

1,249,028.02

04/01/24

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

26

1

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

27

1

0.00

890,350.62

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

28

1

0.00

397,490.20

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

29

1

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

30

1

0.00

575,159.36

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

31

1

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

32

1

0.00

1,161,345.21

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

33

1

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

34

1

0.00

358,860.17

01/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

35

1

0.00

103,480.02

01/01/24

06/30/24

--

0.00

0.00

13,270.13

80,198.17

12,324.68

0.00

 

Totals

 

50,663,488.49

356,477,450.69

 

 

 

0.00

0.00

378,207.00

509,029.09

12,324.68

0.00

 

 

 

 

 

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Page 16 of 27

 


 
 

 

           

 

 

 

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.

 

 

 

 

 

 

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Page 17 of 27

 


 
 

 

                                           

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

07/17/25

1

10,975,000.00

0

0.00

1

2,025,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.262018%

7.243940%

39

06/17/25

1

10,975,000.00

0

0.00

1

2,025,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.262025%

7.243946%

40

05/16/25

1

10,975,000.00

0

0.00

1

2,025,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.262030%

7.243951%

41

04/17/25

1

10,975,000.00

1

2,025,000.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.262036%

7.243958%

42

03/17/25

3

18,250,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.262041%

7.243963%

43

02/18/25

4

26,189,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.262050%

7.243971%

44

01/17/25

2

13,000,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.262055%

7.243976%

45

12/17/24

2

13,000,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.262059%

7.243981%

46

11/18/24

1

10,975,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.262065%

7.243987%

47

10/18/24

1

10,975,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.262070%

7.243992%

48

09/17/24

1

10,975,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.262076%

7.243998%

49

08/16/24

1

10,975,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.262081%

7.244002%

50

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 18 of 27

 


 
 

 

                                 

 

 

 

 

 

 

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

15-A-3-4

10249389

06/06/25

0

B

 

46,476.56

46,476.56

0.00

 

7,500,000.00

 

 

 

 

 

 

15-A-3-7

10249390

06/06/25

0

B

 

35,115.63

35,115.63

0.00

 

5,666,667.00

 

 

 

 

 

 

15-A-3-8

10249391

06/06/25

0

B

 

35,115.62

35,115.62

0.00

 

5,666,666.00

 

 

 

 

 

 

18-A-7-2

10249393

06/01/25

0

B

 

121,030.73

121,030.73

0.00

 

17,500,000.00

 

 

 

 

 

 

22

10249397

05/06/25

1

1

 

61,586.03

125,480.08

9,953.50

10,975,000.00

 

 

 

 

 

 

24

10249399

06/06/25

0

B

 

65,612.30

65,612.30

0.00

 

9,840,000.00

 

 

 

 

 

 

35

10249409

01/06/25

5

6

 

13,270.13

80,198.17

12,324.68

2,025,000.00

04/08/25

98

 

 

 

 

Totals

 

 

 

 

 

378,207.00

509,029.09

22,278.18

59,173,333.00

 

 

 

 

 

 

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 19 of 27

 


 
 

 

                 

 

 

 

 

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

 

61,833,333

61,833,333

0

 

 

0

 

37 - 48 Months

 

714,996,922

701,996,922

      13,000,000

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

 

 

Jul-25

776,830,255

763,830,255

10,975,000

0

2,025,000

0

 

Jun-25

776,842,745

763,842,745

10,975,000

0

2,025,000

0

 

May-25

776,852,542

763,852,542

10,975,000

0

2,025,000

0

 

Apr-25

776,864,890

763,864,890

10,975,000

2,025,000

0

 

0

 

Mar-25

776,874,542

758,624,542

18,250,000

0

0

 

0

 

Feb-25

776,891,996

750,702,996

26,189,000

0

0

 

0

 

Jan-25

776,901,470

763,901,470

13,000,000

0

0

 

0

 

Dec-24

776,910,882

763,910,882

13,000,000

0

0

 

0

 

Nov-24

776,922,861

765,947,861

10,975,000

0

0

 

0

 

Oct-24

776,932,134

765,957,134

10,975,000

0

0

 

0

 

Sep-24

776,943,978

765,968,978

10,975,000

0

0

 

0

 

Aug-24

776,953,112

765,978,112

10,975,000

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.

 

 

 

 

 

 

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Page 20 of 27

 


 
 

 

                     

 

 

 

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

35

10249409

2,025,000.00

2,025,000.00

2,700,000.00

08/08/23

102,877.02

1.27000

06/30/24

09/06/28

I/O

Totals

 

2,025,000.00

2,025,000.00

2,700,000.00

 

102,877.02

 

 

 

 

 

 

 

 

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Page 21 of 27

 


 
 

 

                 

 

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

 

 

 

Servicing

 

 

 

 

 

 

Property

 

Transfer

Resolution

 

 

 

Pros ID

Loan ID

Type¹

State

Date

Strategy Code²

 

Special Servicing Comments

 

35

10249409

MU

NY

04/08/25

98

 

 

 

 

7/11/2025 Transfer as of 4/8/25. PNA was executed by Borrower on 5/20/25. SS has had one call with Borrower. Trust Counsel sent a default letter to Borrower on 6/3/25. An appraisal has been ordered and is currently under review by SS.

 

 

 

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 22 of 27

 


 
 

 

                 

 

 

 

 

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

 

 

 

 

No modified loans this period

 

 

 

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 23 of 27

 


 
 

 

                       

 

 

 

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

 

 

 

 

No liquidated loans this period

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

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Page 24 of 27

 


 
 

 

                     

 

 

 

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

 

 

 

 

 

No realized losses this period

 

 

 

 

 

 

 

 

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Page 25 of 27

 


 
 

 

                         

 

 

 

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)

9

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

15.67

0.00

0.00

0.00

22

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

694.93

0.00

0.00

0.00

29

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.66

0.00

0.00

0.00

33

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

197.17

0.00

0.00

0.00

35

0.00

0.00

3,500.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Total

0.00

0.00

3,500.00

0.00

0.00

0.00

0.00

0.00

908.43

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

4,408.43

 

 

 

 

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Page 26 of 27

 


 
 

 

     

 

        Supplemental Notes

 

 

None

 

 

 

 

 

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Page 27 of 27