|
Distribution Date: |
07/17/25 |
Morgan Stanley Bank of America Merrill Lynch Trust 2015-C21 |
|
Determination Date: |
07/11/25 |
|
|
Next Distribution Date: |
08/15/25 |
|
|
Record Date: |
06/30/25 |
Commercial Mortgage Pass-Through Certificates |
|
|
|
Series 2015-C21 |
|
Table of Contents |
|
|
Contacts |
|
|
|
Section |
Pages |
Role |
Party and Contact Information |
|
|
|
Certificate Distribution Detail |
2-3 |
Depositor |
Morgan Stanley Capital I Inc. |
|
|
|
Certificate Factor Detail |
4 |
|
General Information Number |
(212) 761-4000 |
cmbs_notices@morganstanley.com |
|
Certificate Interest Reconciliation Detail |
5 |
|
1585 Broadway | New York, NY 10036 | United States |
|
|
|
|
|
Master Servicer |
KeyBank National Association |
|
|
|
Exchangeable Certificate Detail |
6 |
|
|
|
|
|
|
|
|
www.key.com/key2cre |
|
Surveillance_Inquiries@KeyBank.com |
|
Additional Information |
7 |
|
|
|
|
|
|
|
|
11501 Outlook Street, Suite 300 | Overland Park , KS 66211 | United States |
|
|
|
Bond / Collateral Reconciliation - Cash Flows |
8 |
Special Servicer |
Mount Street US (Georgia) LLP, a Georgia limited liability |
|
|
|
Bond / Collateral Reconciliation - Balances |
9 |
|
partnership |
|
|
|
|
|
|
Steve Luther |
|
Steve.Luther@mountstreet.com; |
|
Current Mortgage Loan and Property Stratification |
10-14 |
|
|
|
Special.servicing@mountstreet.com |
|
Mortgage Loan Detail (Part 1) |
15 |
|
5910 North Central Expressway, Suite 1665 | Dallas, TX 75206 | United States |
|
|
|
Mortgage Loan Detail (Part 2) |
16 |
Trust Advisor |
Situs Holdings, LLC |
|
|
|
Principal Prepayment Detail |
17 |
|
Attention: Stacey Ciarlanti |
|
SSNotices@situsamc.com |
|
Historical Detail |
18 |
|
2 Embarcadero Center, 8th Floor | San Francisco, CA 94111 | United States |
|
|
|
|
|
Certificate Administrator |
Computershare Trust Company, N.A. as agent for Wells Fargo |
|
|
|
Delinquency Loan Detail |
19 |
|
Bank, N.A. |
|
|
|
Collateral Stratification and Historical Detail |
20 |
|
Corporate Trust Services (CMBS) |
|
cctcmbsbondadmin@computershare.com; |
|
Specially Serviced Loan Detail - Part 1 |
21 |
|
|
|
trustadministrationgroup@computershare.com |
|
|
|
|
9062 Old Annapolis Road | Columbia, MD 21045 | United States |
|
|
|
Specially Serviced Loan Detail - Part 2 |
22-23 |
|
|
|
|
|
Modified Loan Detail |
24 |
|
|
|
|
|
Historical Liquidated Loan Detail |
25 |
|
|
|
|
|
Historical Bond / Collateral Loss Reconciliation Detail |
26 |
|
|
|
|
|
Interest Shortfall Detail - Collateral Level |
27 |
|
|
|
|
|
Supplemental Notes |
28 |
|
|
|
|
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. In addition, certificate holders 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 28 |
|
|
|
|
|
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 |
61764XBE4 |
1.548000% |
33,400,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-2 |
61764XBF1 |
2.933000% |
25,000,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-SB |
61764XBG9 |
3.150000% |
72,200,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-3 |
61764XBH7 |
3.077000% |
205,000,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-4 |
61764XBJ3 |
3.338000% |
274,274,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-S |
61764XBL8 |
3.652000% |
64,255,000.00 |
1,433,676.55 |
1,433,676.55 |
4,363.16 |
0.00 |
0.00 |
1,438,039.71 |
0.00 |
0.00% |
22.63% |
|
B |
61764XBM6 |
3.808115% |
39,206,000.00 |
39,206,000.00 |
564,162.74 |
124,417.48 |
0.00 |
0.00 |
688,580.22 |
38,641,837.26 |
80.27% |
18.13% |
|
C |
61764XBP9 |
3.808115% |
53,364,000.00 |
53,364,000.00 |
0.00 |
169,346.89 |
0.00 |
0.00 |
169,346.89 |
53,364,000.00 |
53.02% |
12.00% |
|
D |
61764XAN5 |
3.808115% |
41,384,000.00 |
41,384,000.00 |
0.00 |
131,329.21 |
0.00 |
0.00 |
131,329.21 |
41,384,000.00 |
31.88% |
7.25% |
|
E |
61764XAQ8 |
3.012000% |
19,604,000.00 |
19,604,000.00 |
0.00 |
30,435.92 |
0.00 |
0.00 |
30,435.92 |
19,604,000.00 |
21.87% |
5.00% |
|
F |
61764XAS4 |
3.012000% |
8,712,000.00 |
8,712,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
8,712,000.00 |
17.42% |
4.00% |
|
G |
61764XAU9 |
3.012000% |
11,980,000.00 |
11,980,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
11,980,000.00 |
11.31% |
2.63% |
|
H |
61690RBS5 |
3.012000% |
22,870,589.00 |
22,139,227.76 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
22,139,227.76 |
0.00% |
0.00% |
|
555-A |
61764XBA2 |
3.143333% |
11,700,000.00 |
11,700,000.00 |
0.00 |
31,941.72 |
0.00 |
0.00 |
31,941.72 |
11,700,000.00 |
61.00% |
61.00% |
|
555-B |
61764XBC8 |
3.143333% |
18,300,000.00 |
18,300,000.00 |
0.00 |
46,506.25 |
0.00 |
0.00 |
46,506.25 |
18,300,000.00 |
0.00% |
0.00% |
|
V |
61764XAW5 |
0.000000% |
1.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
0.00% |
|
R |
61764XAY1 |
0.000000% |
1.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
0.00% |
|
Regular SubTotal |
|
|
901,249,591.00 |
227,822,904.31 |
1,997,839.29 |
538,340.63 |
0.00 |
0.00 |
2,536,179.92 |
225,825,065.02 |
|
|
|
|
||||||||||||
|
|
||||||||||||
|
X-A |
61764XBK0 |
0.156115% |
674,129,000.00 |
1,433,676.55 |
0.00 |
186.52 |
0.00 |
0.00 |
186.52 |
0.00 |
|
|
|
X-B |
61764XAA3 |
0.000000% |
39,206,000.00 |
39,206,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
38,641,837.26 |
|
|
|
X-E |
61764XAG0 |
0.796115% |
19,604,000.00 |
19,604,000.00 |
0.00 |
13,005.87 |
0.00 |
0.00 |
13,005.87 |
19,604,000.00 |
|
|
|
X-FG |
61764XAJ4 |
0.796115% |
20,692,000.00 |
20,692,000.00 |
0.00 |
13,727.68 |
0.00 |
0.00 |
13,727.68 |
20,692,000.00 |
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
Certificate Distribution Detail continued to next page |
|||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
Page 2 of 28 |
||||
|
|
|
|
|
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 |
|
|
|
|||||||||||
|
X-H |
61690RBQ9 |
0.796115% |
22,870,589.00 |
22,139,227.76 |
0.00 |
14,687.82 |
0.00 |
0.00 |
14,687.82 |
22,139,227.76 |
|
|
Notional SubTotal |
|
776,501,589.00 |
103,074,904.31 |
0.00 |
41,607.89 |
0.00 |
0.00 |
41,607.89 |
101,077,065.02 |
|
|
|
|
|||||||||||
|
Deal Distribution Total |
|
|
|
1,997,839.29 |
579,948.52 |
0.00 |
0.00 |
2,577,787.81 |
|
|
|
|
|
|||||||||||
|
* |
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. |
|
|
|
|
|
|
|
|||
|
|
|||||||||||
|
|
|||||||||||
|
|
|||||||||||
|
|
|||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
Page 3 of 28 |
|||
|
|
|
|
|
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 |
61764XBE4 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-2 |
61764XBF1 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-SB |
61764XBG9 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-3 |
61764XBH7 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-4 |
61764XBJ3 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-S |
61764XBL8 |
22.31229554 |
22.31229554 |
0.06790382 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
22.38019936 |
0.00000000 |
|
B |
61764XBM6 |
1,000.00000000 |
14.38970413 |
3.17342958 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
17.56313370 |
985.61029587 |
|
C |
61764XBP9 |
1,000.00000000 |
0.00000000 |
3.17342947 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
3.17342947 |
1,000.00000000 |
|
D |
61764XAN5 |
1,000.00000000 |
0.00000000 |
3.17342959 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
3.17342959 |
1,000.00000000 |
|
E |
61764XAQ8 |
1,000.00000000 |
0.00000000 |
1.55253622 |
0.95746378 |
6.58907264 |
0.00000000 |
0.00000000 |
1.55253622 |
1,000.00000000 |
|
F |
61764XAS4 |
1,000.00000000 |
0.00000000 |
0.00000000 |
2.51000000 |
22.10697429 |
0.00000000 |
0.00000000 |
0.00000000 |
1,000.00000000 |
|
G |
61764XAU9 |
1,000.00000000 |
0.00000000 |
0.00000000 |
2.51000000 |
42.37608514 |
0.00000000 |
0.00000000 |
0.00000000 |
1,000.00000000 |
|
H |
61690RBS5 |
968.02175755 |
0.00000000 |
0.00000000 |
2.42973454 |
135.11774096 |
0.00000000 |
0.00000000 |
0.00000000 |
968.02175755 |
|
555-A |
61764XBA2 |
1,000.00000000 |
0.00000000 |
2.73006154 |
(0.11061709) |
0.00000000 |
0.00000000 |
0.00000000 |
2.73006154 |
1,000.00000000 |
|
555-B |
61764XBC8 |
1,000.00000000 |
0.00000000 |
2.54132514 |
0.07811913 |
0.18877432 |
0.00000000 |
0.00000000 |
2.54132514 |
1,000.00000000 |
|
V |
61764XAW5 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
R |
61764XAY1 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
|
||||||||||
|
Notional Certificates |
|
|
|
|
|
|
|
|
|
|
|
X-A |
61764XBK0 |
2.12670950 |
0.00000000 |
0.00027668 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00027668 |
0.00000000 |
|
X-B |
61764XAA3 |
1,000.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
985.61029587 |
|
X-E |
61764XAG0 |
1,000.00000000 |
0.00000000 |
0.66342940 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.66342940 |
1,000.00000000 |
|
X-FG |
61764XAJ4 |
1,000.00000000 |
0.00000000 |
0.66342934 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.66342934 |
1,000.00000000 |
|
X-H |
61690RBQ9 |
968.02175755 |
0.00000000 |
0.64221433 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.64221433 |
968.02175755 |
|
|
||||||||||
|
|
||||||||||
|
|
||||||||||
|
|
||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
Page 4 of 28 |
|||
|
|
|
|
|
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 |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
X-A |
06/01/25 - 06/30/25 |
30 |
0.00 |
186.52 |
0.00 |
186.52 |
0.00 |
0.00 |
0.00 |
186.52 |
0.00 |
|
|
X-B |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
X-E |
06/01/25 - 06/30/25 |
30 |
0.00 |
13,005.87 |
0.00 |
13,005.87 |
0.00 |
0.00 |
0.00 |
13,005.87 |
0.00 |
|
|
X-FG |
06/01/25 - 06/30/25 |
30 |
0.00 |
13,727.68 |
0.00 |
13,727.68 |
0.00 |
0.00 |
0.00 |
13,727.68 |
0.00 |
|
|
X-H |
06/01/25 - 06/30/25 |
30 |
0.00 |
14,687.82 |
0.00 |
14,687.82 |
0.00 |
0.00 |
0.00 |
14,687.82 |
0.00 |
|
|
A-S |
06/01/25 - 06/30/25 |
30 |
0.00 |
4,363.16 |
0.00 |
4,363.16 |
0.00 |
0.00 |
0.00 |
4,363.16 |
0.00 |
|
|
B |
06/01/25 - 06/30/25 |
30 |
0.00 |
124,417.48 |
0.00 |
124,417.48 |
0.00 |
0.00 |
0.00 |
124,417.48 |
0.00 |
|
|
C |
06/01/25 - 06/30/25 |
30 |
0.00 |
169,346.89 |
0.00 |
169,346.89 |
0.00 |
0.00 |
0.00 |
169,346.89 |
0.00 |
|
|
D |
06/01/25 - 06/30/25 |
30 |
0.00 |
131,329.21 |
0.00 |
131,329.21 |
0.00 |
0.00 |
0.00 |
131,329.21 |
0.00 |
|
|
E |
06/01/25 - 06/30/25 |
30 |
110,402.06 |
49,206.04 |
0.00 |
49,206.04 |
18,770.12 |
0.00 |
0.00 |
30,435.92 |
129,172.18 |
|
|
F |
06/01/25 - 06/30/25 |
30 |
170,728.84 |
21,867.12 |
0.00 |
21,867.12 |
21,867.12 |
0.00 |
0.00 |
0.00 |
192,595.96 |
|
|
G |
06/01/25 - 06/30/25 |
30 |
477,595.70 |
30,069.80 |
0.00 |
30,069.80 |
30,069.80 |
0.00 |
0.00 |
0.00 |
507,665.50 |
|
|
H |
06/01/25 - 06/30/25 |
30 |
3,034,652.86 |
55,569.46 |
0.00 |
55,569.46 |
55,569.46 |
0.00 |
0.00 |
0.00 |
3,090,222.32 |
|
|
555-A |
06/01/25 - 06/30/25 |
30 |
1,294.22 |
30,647.50 |
0.00 |
30,647.50 |
(1,294.22) |
0.00 |
0.00 |
31,941.72 |
0.00 |
|
|
555-B |
06/01/25 - 06/30/25 |
30 |
2,024.99 |
47,935.83 |
0.00 |
47,935.83 |
1,429.58 |
0.00 |
0.00 |
46,506.25 |
3,454.57 |
|
|
V |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
R |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
Totals |
|
|
3,796,698.67 |
706,360.38 |
0.00 |
706,360.38 |
126,411.86 |
0.00 |
0.00 |
579,948.52 |
3,923,110.53 |
|
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
Page 5 of 28 |
||||
|
|
|
|
|
Exchangeable Certificate Detail |
|
|
|
|
|
||
|
|
|
Pass-Through |
|
|
|
|
Prepayment |
|
|
|
|
|
Class |
CUSIP |
Rate |
Original Balance |
Beginning Balance Principal Distribution Interest Distribution |
Penalties |
|
Realized Losses |
Total Distribution |
Ending Balance |
||
|
Regular Interest |
|
|
|
|
|
|
|
|
|
|
|
|
A-S (Cert) |
61764XBL8 |
3.652000% |
64,255,000.00 |
1,433,676.55 |
1,433,676.55 |
4,363.16 |
0.00 |
|
0.00 |
1,438,039.71 |
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) |
61764XBM6 |
3.808115% |
39,206,000.00 |
39,206,000.00 |
564,162.74 |
124,417.48 |
0.00 |
|
0.00 |
688,580.22 |
38,641,837.26 |
|
B (PST) |
NA |
N/A |
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
C (Cert) |
61764XBP9 |
3.808115% |
53,364,000.00 |
53,364,000.00 |
0.00 |
169,346.89 |
0.00 |
|
0.00 |
169,346.89 |
53,364,000.00 |
|
C (PST) |
NA |
N/A |
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
Regular Interest Total |
|
|
156,825,000.03 |
94,003,676.55 |
1,997,839.29 |
298,127.53 |
0.00 |
|
0.00 |
2,295,966.82 |
92,005,837.26 |
|
|
|||||||||||
|
Exchangeable Certificate Details |
|
|
|
|
|
|
|
|
|
|
|
|
PST |
61764XBN4 |
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 6 of 28 |
|||
|
|
Additional Information |
|
|
Total Available Distribution Amount (1) |
2,577,787.81 |
|
|
(1) The Available Distribution Amount includes any Prepayment Premiums. |
|
|
|
|
||
|
|
||
|
|
||
|
|
||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
Page 7 of 28 |
|
Bond / Collateral Reconciliation - Cash Flows |
|
||
|
|
|||
|
Total Funds Collected |
|
Total Funds Distributed |
|
|
Interest |
|
Fees |
|
|
Interest Paid or Advanced |
713,206.10 |
Master Servicing Fee |
3,664.52 |
|
Interest Reductions due to Nonrecoverability Determination |
(95,012.78) |
Certificate Administrator Fee |
758.32 |
|
Interest Adjustments |
(1,044.53) |
Trustee Fee |
0.00 |
|
Deferred Interest |
0.00 |
CREFC® Intellectual Property Royalty License Fee |
94.93 |
|
ARD Interest |
0.00 |
Trust Advisor Fee |
222.55 |
|
Net Prepayment Interest Excess / (Shortfall) |
0.00 |
|
|
|
Extension Interest |
0.00 |
|
|
|
Interest Reserve Withdrawal |
0.00 |
|
|
|
Total Interest Collected |
617,148.79 |
Total Fees |
4,740.32 |
|
|
|||
|
Principal |
|
Expenses/Reimbursements |
|
|
Scheduled Principal |
172,740.07 |
Reimbursement for Interest on Advances |
609.28 |
|
Unscheduled Principal Collections |
|
ASER Amount |
6,756.61 |
|
Principal Prepayments |
0.00 |
Special Servicing Fees (Monthly) |
25,094.07 |
|
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 |
1,825,099.22 |
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 |
1,997,839.29 |
Total Expenses/Reimbursements |
32,459.96 |
|
|
|||
|
|
|
Interest Reserve Deposit |
0.00 |
|
|
|||
|
Other |
|
Payments to Certificateholders and Others |
|
|
Prepayment Penalties / Yield Maintenance |
0.00 |
Interest Distribution |
579,948.52 |
|
Gain on Sale / Excess Liquidation Proceeds |
0.00 |
Principal Distribution |
1,997,839.29 |
|
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 |
2,577,787.81 |
|
Total Funds Collected |
2,614,988.08 |
Total Funds Distributed |
2,614,988.09 |
|
|
|||
|
|
|||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
Page 8 of 28 |
|
|
|
Bond / Collateral Reconciliation - Balances |
|
||
|
|
|||||
|
|
|
Collateral Reconciliation |
|
Certificate Reconciliation |
|
|
|
|
|
Total |
|
Total |
|
Beginning Scheduled Collateral Balance |
197,822,904.31 |
197,822,904.31 |
Beginning Certificate Balance |
227,822,904.31 |
|
|
(-) Scheduled Principal Collections |
172,740.07 |
172,740.07 |
(-) Principal Distributions |
1,997,839.29 |
|
|
(-) Unscheduled Principal Collections |
1,825,099.22 |
1,825,099.22 |
(-) 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 |
608,366.41 |
|
|
|
|
|
|
Non-Cash Principal Adjustments |
0.00 |
|
Ending Scheduled Collateral Balance |
195,825,065.02 |
195,825,065.02 |
Certificate Other Adjustments** |
(608,366.41) |
|
|
Beginning Actual Collateral Balance |
200,224,453.95 |
200,224,453.95 |
Ending Certificate Balance |
225,825,065.02 |
|
|
Ending Actual Collateral Balance |
198,266,902.31 |
198,266,902.31 |
|
|
|
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|
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 |
0.00% |
|
|
|
|
|
|
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 9 of 28 |
||
|
|
|
|
|
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 |
5 |
21,968,391.76 |
11.22% |
1 |
4.3091 |
4.938743 |
1.30 or less |
2 |
26,683,373.01 |
13.63% |
(5) |
4.2729 |
0.595514 |
|
10,000,001 to 20,000,000 |
2 |
35,303,837.08 |
18.03% |
57 |
4.3299 |
1.557372 |
1.31 to 1.40 |
2 |
87,549,900.78 |
44.71% |
(7) |
3.3966 |
1.370000 |
|
|
20,000,001 to 30,000,000 |
3 |
80,377,935.40 |
41.05% |
(5) |
4.0133 |
9.207010 |
1.41 to 1.50 |
1 |
21,627,935.40 |
11.04% |
(7) |
4.4500 |
1.430000 |
|
|
30,000,001 to 40,000,000 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
1.51 to 1.60 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
40,000,001 to 50,000,000 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
1.61 to 1.70 |
1 |
2,362,526.20 |
1.21% |
54 |
5.1500 |
1.620000 |
|
|
50,000,001 to 60,000,000 |
1 |
58,174,900.78 |
29.71% |
(8) |
3.1663 |
1.370000 |
1.71 to 1.80 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
60,000,001 or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
1.81 to 1.90 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
Totals |
11 |
195,825,065.02 |
100.00% |
6 |
3.8519 |
5.020897 |
1.91 to 2.00 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
2.01 to 2.10 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
2.11 to 2.30 |
1 |
6,130,000.00 |
3.13% |
(5) |
4.1200 |
2.130000 |
|
|
|
|
|
|
|
|
|
2.31 to 2.40 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
2.41 to 2.60 |
1 |
18,346,329.63 |
9.37% |
114 |
4.4500 |
2.470000 |
|
|
|
|
|
|
|
|
|
2.61 to 2.70 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
2.71 to 4.80 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
4.81 or greater |
3 |
33,125,000.00 |
16.92% |
(4) |
3.8525 |
22.770000 |
|
|
|
|
|
|
|
|
|
Totals |
11 |
195,825,065.02 |
100.00% |
6 |
3.8519 |
5.020897 |
|
(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 28 |
||||
|
|
|
|
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 |
|
Alabama |
1 |
21,627,935.40 |
11.04% |
(7) |
4.4500 |
1.430000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lodging |
1 |
9,725,865.56 |
4.97% |
(6) |
4.4000 |
0.640000 |
|
Arizona |
2 |
2,087,927.72 |
1.07% |
114 |
4.4500 |
2.470000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Office |
2 |
79,802,836.18 |
40.75% |
(8) |
3.5142 |
1.386261 |
|
California |
2 |
68,630,000.00 |
35.05% |
(4) |
3.8764 |
1.437883 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
4 |
87,950,033.65 |
44.91% |
(3) |
3.9730 |
1.275440 |
|
Florida |
1 |
1,856,274.53 |
0.95% |
114 |
4.4500 |
2.470000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Self Storage |
11 |
18,346,329.63 |
9.37% |
114 |
4.4500 |
2.470000 |
|
Missouri |
1 |
1,424,972.44 |
0.73% |
114 |
4.4500 |
2.470000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
18 |
195,825,065.02 |
100.00% |
6 |
3.8519 |
5.020897 |
|
New York |
3 |
20,371,345.12 |
10.40% |
15 |
4.2419 |
0.888403 |
|
|
|
|
|
|
|
|
North Carolina |
1 |
1,219,227.82 |
0.62% |
114 |
4.4500 |
2.470000 |
|
|
|
|
|
|
|
|
North Dakota |
1 |
1,981,244.99 |
1.01% |
114 |
4.4500 |
2.470000 |
|
|
|
|
|
|
|
|
Pennsylvania |
1 |
1,638,337.30 |
0.84% |
114 |
4.4500 |
2.470000 |
|
|
|
|
|
|
|
|
Rhode Island |
1 |
2,621,339.56 |
1.34% |
114 |
4.4500 |
2.470000 |
|
|
|
|
|
|
|
|
Texas |
1 |
2,362,526.20 |
1.21% |
54 |
5.1500 |
1.620000 |
|
|
|
|
|
|
|
|
Washington |
1 |
2,103,167.60 |
1.07% |
114 |
4.4500 |
2.470000 |
|
|
|
|
|
|
|
|
Washington, DC |
1 |
58,174,900.78 |
29.71% |
(8) |
3.1663 |
1.370000 |
|
|
|
|
|
|
|
|
West Virginia |
1 |
9,725,865.56 |
4.97% |
(6) |
4.4000 |
0.640000 |
|
|
|
|
|
|
|
|
Totals |
18 |
195,825,065.02 |
100.00% |
6 |
3.8519 |
5.020897 |
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Note: Please refer to footnotes on the next page of the report. |
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
|
|
Page 11 of 28 |
|||
|
|
|
|
|
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 |
|
|
3.500% or less |
1 |
58,174,900.78 |
29.71% |
(8) |
3.1663 |
1.370000 |
12 months or less |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
3.501% to 4.000% |
4 |
62,500,000.00 |
31.92% |
(4) |
3.8525 |
12.712000 |
13 to 24 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
4.001% to 4.500% |
5 |
72,787,638.04 |
37.17% |
24 |
4.3573 |
1.445171 |
25 to 36 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
4.501% to 5.000% |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
37 to 48 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
5.001% or greater |
1 |
2,362,526.20 |
1.21% |
54 |
5.1500 |
1.620000 |
49 months or greater |
11 |
195,825,065.02 |
100.00% |
6 |
3.8519 |
5.020897 |
|
|
Totals |
11 |
195,825,065.02 |
100.00% |
6 |
3.8519 |
5.020897 |
Totals |
11 |
195,825,065.02 |
100.00% |
6 |
3.8519 |
5.020897 |
|
(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 28 |
||||
|
|
|
|
|
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 |
177,478,735.39 |
90.63% |
(5) |
3.7901 |
5.284589 |
Interest Only |
6 |
126,804,900.78 |
64.75% |
(6) |
3.5506 |
6.997021 |
|
61 months to 84 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
300 months or less |
4 |
50,673,834.61 |
25.88% |
(3) |
4.3894 |
0.999442 |
|
|
85 months to 120 months |
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 |
|
|
|
121 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
351 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
Totals |
10 |
177,478,735.39 |
90.63% |
(5) |
3.7901 |
5.284589 |
Totals |
10 |
177,478,735.39 |
90.63% |
(5) |
3.7901 |
5.284589 |
|
(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 28 |
||||
|
|
|
|
|
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 |
|
|
12 months or less |
8 |
147,513,756.61 |
75.33% |
10 |
3.6881 |
6.347877 |
300 months or less |
1 |
18,346,329.63 |
9.37% |
114 |
4.4500 |
2.470000 |
|
|
13 to 24 months |
1 |
21,627,935.40 |
11.04% |
(7) |
4.4500 |
1.430000 |
301 months to 350 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
25 to 36 months |
1 |
16,957,507.45 |
8.66% |
(5) |
4.2000 |
0.570000 |
351 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
37 to 48 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
Totals |
1 |
18,346,329.63 |
9.37% |
114 |
4.4500 |
2.470000 |
|
|
49 months or greater |
1 |
9,725,865.56 |
4.97% |
(6) |
4.4000 |
0.640000 |
|
|
|
|
|
|
|
|
|
Totals |
11 |
195,825,065.02 |
100.00% |
6 |
3.8519 |
5.020897 |
|
|
|
|
|
|
|
|
(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 14 of 28 |
||||
|
|
|
|
|
|
|
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 |
10096311 |
1 |
RT |
Palm Desert |
CA |
Actual/360 |
3.853% |
94,305.99 |
0.00 |
0.00 |
N/A |
03/01/25 |
03/01/27 |
29,375,000.00 |
29,375,000.00 |
06/01/25 |
|
1A |
10096412 |
1 |
|
|
|
Actual/360 |
3.853% |
94,305.99 |
0.00 |
0.00 |
N/A |
03/01/25 |
03/01/27 |
29,375,000.00 |
29,375,000.00 |
06/01/25 |
|
1B |
10096413 |
1 |
|
|
|
Actual/360 |
3.853% |
6,019.53 |
0.00 |
0.00 |
N/A |
03/01/25 |
03/01/27 |
1,875,000.00 |
1,875,000.00 |
06/01/25 |
|
1C |
10096414 |
1 |
|
|
|
Actual/360 |
3.853% |
6,019.53 |
0.00 |
0.00 |
N/A |
03/01/25 |
03/01/27 |
1,875,000.00 |
1,875,000.00 |
06/01/25 |
|
2 |
10096312 |
1 |
OF |
Washington |
DC |
Actual/360 |
3.166% |
157,272.14 |
1,825,099.22 |
0.00 |
N/A |
11/04/24 |
11/04/27 |
60,000,000.00 |
58,174,900.78 |
07/04/25 |
|
8 |
10096318 |
1 |
SS |
Various |
Various |
Actual/360 |
4.450% |
68,504.45 |
126,781.17 |
0.00 |
N/A |
01/01/35 |
-- |
18,473,110.80 |
18,346,329.63 |
07/01/25 |
|
10 |
10096320 |
1 |
OF |
Hoover |
AL |
Actual/360 |
4.450% |
80,352.99 |
40,287.65 |
0.00 |
N/A |
12/06/24 |
-- |
21,668,223.05 |
21,627,935.40 |
11/06/24 |
|
12 |
10096322 |
1 |
RT |
Greece |
NY |
Actual/360 |
4.200% |
0.00 |
0.00 |
0.00 |
N/A |
02/01/25 |
-- |
16,957,507.45 |
16,957,507.45 |
08/01/20 |
|
18 |
10096328 |
1 |
LO |
Morgantown |
WV |
Actual/360 |
4.400% |
0.00 |
0.00 |
0.00 |
N/A |
01/01/25 |
-- |
9,725,865.56 |
9,725,865.56 |
10/01/20 |
|
43 |
10096353 |
1 |
RT |
Orland |
CA |
Actual/360 |
4.120% |
21,046.33 |
0.00 |
0.00 |
N/A |
02/01/25 |
-- |
6,130,000.00 |
6,130,000.00 |
12/01/24 |
|
60 |
10096370 |
1 |
RT |
Garland |
TX |
Actual/360 |
5.150% |
10,163.51 |
5,671.25 |
0.00 |
N/A |
01/01/30 |
-- |
2,368,197.45 |
2,362,526.20 |
07/01/25 |
|
Totals |
|
|
|
|
|
|
|
537,990.46 |
1,997,839.29 |
0.00 |
|
|
|
197,822,904.31 |
195,825,065.02 |
|
|
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 15 of 28 |
||||||
|
|
|
|
|
|
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 |
1 |
7,807,549.60 |
7,366,873.42 |
01/01/24 |
12/31/24 |
04/11/25 |
13,822,463.73 |
0.00 |
94,061.20 |
94,061.20 |
0.00 |
0.00 |
|
|
1A |
1 |
7,807,549.60 |
7,366,873.42 |
01/01/24 |
12/31/24 |
04/11/25 |
13,822,463.73 |
0.00 |
94,061.20 |
94,061.20 |
0.00 |
0.00 |
|
|
1B |
1 |
7,807,549.60 |
7,366,873.42 |
01/01/24 |
12/31/24 |
04/11/25 |
1,875,000.00 |
0.00 |
6,003.90 |
6,003.90 |
0.00 |
0.00 |
|
|
1C |
1 |
7,807,549.60 |
7,366,873.42 |
01/01/24 |
12/31/24 |
04/11/25 |
1,875,000.00 |
0.00 |
6,003.90 |
6,003.90 |
0.00 |
0.00 |
|
|
2 |
1 |
16,455,759.00 |
13,504,905.54 |
01/01/24 |
12/31/24 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
8 |
1 |
6,660,843.59 |
1,474,538.70 |
01/01/25 |
03/31/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
10 |
1 |
2,301,968.73 |
1,166,262.30 |
01/01/24 |
06/30/24 |
04/11/25 |
0.00 |
0.00 |
119,440.76 |
956,227.04 |
22,302.52 |
0.00 |
|
|
12 |
1 |
0.00 |
409,868.22 |
01/01/23 |
06/30/23 |
04/11/25 |
11,074,788.00 |
1,356,016.05 |
(868.37) |
2,874,556.54 |
768,547.87 |
0.00 |
|
|
18 |
1 |
862,008.00 |
578,976.00 |
07/01/19 |
06/30/20 |
04/11/25 |
7,567,023.00 |
640,295.93 |
(335.95) |
1,449,011.42 |
327,880.97 |
0.00 |
|
|
43 |
1 |
549,191.17 |
549,191.17 |
01/01/24 |
12/31/24 |
04/11/25 |
1,972,733.96 |
27,476.88 |
14,205.69 |
120,870.00 |
0.00 |
0.00 |
|
|
60 |
1 |
341,941.00 |
329,712.00 |
01/01/24 |
12/31/24 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
Totals |
|
58,401,909.89 |
47,480,947.61 |
|
|
|
52,009,472.42 |
2,023,788.86 |
332,572.34 |
5,600,795.20 |
1,118,731.36 |
0.00 |
|
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
|
Page 16 of 28 |
||||
|
|
|
|
Principal Prepayment Detail |
|
|
|
|
|
|
|
|
Unscheduled Principal |
Prepayment Penalties |
|
|
|
|
Loan |
|
|
|
|
|
Pros ID |
Loan Number |
Group |
Amount |
Prepayment / Liquidation Code |
Prepayment Premium Amount |
Yield Maintenance Amount |
|
2 |
10096312 |
1 |
1,825,099.22 |
Partial Liquidation (Curtailment) |
0.00 |
0.00 |
|
Totals |
|
|
1,825,099.22 |
|
0.00 |
0.00 |
|
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 17 of 28 |
||
|
|
|
|
|
|
|
|
|
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 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
2 |
26,683,373.01 |
0 |
0.00 |
1 |
1,825,099.22 |
0 |
0.00 |
3.851937% |
3.826775% |
6 |
|
06/17/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
2 |
26,683,373.01 |
1 |
60,000,000.00 |
0 |
0.00 |
0 |
0.00 |
3.846154% |
3.820948% |
7 |
|
05/16/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
1 |
16,957,507.45 |
1 |
9,725,865.56 |
0 |
0.00 |
0 |
0.00 |
2 |
9,532,372.67 |
3.846681% |
3.821471% |
8 |
|
04/17/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
1 |
16,957,507.45 |
1 |
9,725,865.56 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
3.868131% |
3.841940% |
9 |
|
03/17/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
1 |
16,957,507.45 |
1 |
9,725,865.56 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
3.880510% |
3.853569% |
9 |
|
02/18/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
1 |
16,957,507.45 |
1 |
9,725,865.56 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
3.941697% |
3.915811% |
9 |
|
01/17/25 |
0 |
0.00 |
0 |
0.00 |
1 |
16,957,507.45 |
2 |
16,957,507.45 |
1 |
9,725,865.56 |
0 |
0.00 |
0 |
0.00 |
1 |
5,911,638.17 |
4.071738% |
4.046719% |
7 |
|
12/17/24 |
0 |
0.00 |
0 |
0.00 |
2 |
26,683,373.01 |
2 |
65,957,507.45 |
1 |
9,725,865.56 |
0 |
0.00 |
0 |
0.00 |
4 |
30,436,838.72 |
4.111941% |
4.084649% |
6 |
|
11/18/24 |
0 |
0.00 |
0 |
0.00 |
2 |
26,716,696.11 |
2 |
65,990,830.55 |
1 |
9,725,865.56 |
0 |
0.00 |
0 |
0.00 |
3 |
26,790,317.62 |
4.124445% |
4.096840% |
6 |
|
10/18/24 |
0 |
0.00 |
0 |
0.00 |
2 |
26,747,924.01 |
2 |
66,022,058.45 |
1 |
9,725,865.56 |
0 |
0.00 |
0 |
0.00 |
2 |
11,502,320.43 |
4.141586% |
4.114855% |
7 |
|
09/17/24 |
0 |
0.00 |
0 |
0.00 |
2 |
26,781,021.97 |
2 |
66,055,156.41 |
1 |
9,725,865.56 |
0 |
0.00 |
0 |
0.00 |
2 |
12,295,647.95 |
4.145457% |
4.118898% |
8 |
|
08/16/24 |
0 |
0.00 |
0 |
0.00 |
2 |
26,812,018.06 |
2 |
66,086,152.50 |
1 |
9,725,865.56 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
4.147806% |
4.120726% |
9 |
|
(1) Foreclosure and REO Totals are included in the delinquencies aging categories. |
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
|||||||||||||||||||
|
|
|||||||||||||||||||
|
|
|||||||||||||||||||
|
|
|||||||||||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
|
|
|
|
Page 18 of 28 |
|||||||
|
|
|
|
|
|
|
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 |
|
|
1 |
10096311 |
06/01/25 |
0 |
B |
|
94,061.20 |
94,061.20 |
0.00 |
29,375,000.00 |
07/16/20 |
1 |
|
|
|
|
|
1A |
10096412 |
06/01/25 |
0 |
B |
|
94,061.20 |
94,061.20 |
0.00 |
29,375,000.00 |
07/16/20 |
1 |
|
|
|
|
|
1B |
10096413 |
06/01/25 |
0 |
B |
|
6,003.90 |
6,003.90 |
0.00 |
1,875,000.00 |
07/16/20 |
1 |
|
|
|
|
|
1C |
10096414 |
06/01/25 |
0 |
B |
|
6,003.90 |
6,003.90 |
0.00 |
1,875,000.00 |
07/16/20 |
1 |
|
|
|
|
|
10 |
10096320 |
11/06/24 |
7 |
5 |
|
119,440.76 |
956,227.04 |
24,602.52 |
21,940,798.68 |
12/12/24 |
1 |
|
|
|
|
|
12 |
10096322 |
08/01/20 |
58 |
5 |
|
(868.37) |
2,874,556.54 |
807,016.65 |
18,340,349.16 |
10/22/20 |
2 |
|
|
|
06/06/25 |
|
18 |
10096328 |
10/01/20 |
56 |
5 |
|
(335.95) |
1,449,011.42 |
636,274.35 |
10,471,997.86 |
10/13/20 |
7 |
|
|
|
05/12/21 |
|
43 |
10096353 |
12/01/24 |
6 |
5 |
|
14,205.69 |
120,870.00 |
0.00 |
6,130,000.00 |
12/16/24 |
2 |
|
|
|
|
|
Totals |
|
|
|
|
|
332,572.34 |
5,600,795.20 |
1,467,893.52 |
119,383,145.70 |
|
|
|
|
|
|
|
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 19 of 28 |
|||||
|
|
|
|
|
Collateral Stratification and Historical Detail |
|
|||
|
Maturity Dates and Loan Status¹ |
|
|
|
|
|
|
||
|
|
||||||||
|
|
|
Total |
Performing |
Non-Performing |
REO/Foreclosure |
|
||
|
|
||||||||
|
Past Maturity |
|
54,441,308 |
0 |
27,757,935 |
26,683,373 |
|
||
|
0 - 6 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
7 - 12 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
13 - 24 Months |
|
62,500,000 |
62,500,000 |
0 |
|
|
0 |
|
|
25 - 36 Months |
|
58,174,901 |
58,174,901 |
0 |
|
|
0 |
|
|
37 - 48 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
49 - 60 Months |
|
2,362,526 |
2,362,526 |
0 |
|
|
0 |
|
|
> 60 Months |
|
18,346,330 |
18,346,330 |
0 |
|
|
0 |
|
|
|
||||||||
|
|
||||||||
|
|
||||||||
|
|
||||||||
|
Historical Delinquency Information |
|
|
|
|
|
|
||
|
|
||||||||
|
|
Total |
Current |
30-59 Days |
60-89 Days |
90+ Days |
REO/Foreclosure |
|
|
|
|
||||||||
|
Jul-25 |
195,825,065 |
141,383,757 |
0 |
0 |
27,757,935 |
26,683,373 |
|
|
|
Jun-25 |
197,822,904 |
143,341,308 |
0 |
0 |
27,798,223 |
26,683,373 |
|
|
|
May-25 |
197,989,701 |
143,470,640 |
0 |
0 |
27,835,689 |
26,683,373 |
|
|
|
Apr-25 |
207,716,707 |
147,667,690 |
0 |
0 |
33,365,644 |
26,683,373 |
|
|
|
Mar-25 |
216,301,531 |
147,806,192 |
0 |
0 |
41,811,965 |
26,683,373 |
|
|
|
Feb-25 |
242,348,955 |
143,866,315 |
0 |
0 |
71,799,266 |
26,683,373 |
|
|
|
Jan-25 |
375,865,268 |
319,908,591 |
0 |
0 |
29,273,303 |
26,683,373 |
|
|
|
Dec-24 |
536,000,385 |
427,415,490 |
0 |
0 |
81,901,522 |
26,683,373 |
|
|
|
Nov-24 |
590,177,989 |
503,461,293 |
0 |
0 |
60,000,000 |
26,716,696 |
|
|
|
Oct-24 |
672,615,413 |
645,867,489 |
0 |
0 |
0 |
|
26,747,924 |
|
|
Sep-24 |
685,212,145 |
658,431,123 |
0 |
0 |
0 |
|
26,781,022 |
|
|
Aug-24 |
698,564,936 |
671,752,918 |
0 |
0 |
0 |
|
26,812,018 |
|
|
(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 20 of 28 |
||||
|
|
|
|
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 |
|
1A |
10096412 |
29,375,000.00 |
29,375,000.00 |
68,500,000.00 |
04/09/25 |
6,670,100.33 |
22.77000 |
12/31/24 |
03/01/25 |
I/O |
|
1B |
10096413 |
1,875,000.00 |
1,875,000.00 |
68,500,000.00 |
04/09/25 |
6,670,100.33 |
22.77000 |
12/31/24 |
03/01/25 |
I/O |
|
1 |
10096311 |
29,375,000.00 |
29,375,000.00 |
68,500,000.00 |
04/09/25 |
6,670,100.33 |
1.37000 |
12/31/24 |
03/01/25 |
I/O |
|
1C |
10096414 |
1,875,000.00 |
1,875,000.00 |
68,500,000.00 |
04/09/25 |
6,670,100.33 |
22.77000 |
12/31/24 |
03/01/25 |
I/O |
|
10 |
10096320 |
21,627,935.40 |
21,940,798.68 |
25,200,000.00 |
04/10/25 |
1,033,108.65 |
1.43000 |
06/30/24 |
12/06/24 |
234 |
|
12 |
10096322 |
16,957,507.45 |
18,340,349.16 |
8,600,000.00 |
11/15/24 |
316,847.72 |
0.57000 |
06/30/23 |
02/01/25 |
234 |
|
18 |
10096328 |
9,725,865.56 |
10,471,997.86 |
6,000,000.00 |
02/21/25 |
445,494.00 |
0.64000 |
06/30/20 |
01/01/25 |
233 |
|
43 |
10096353 |
6,130,000.00 |
6,130,000.00 |
4,600,000.00 |
04/04/25 |
546,005.17 |
2.13000 |
12/31/24 |
02/01/25 |
I/O |
|
Totals |
|
116,941,308.41 |
119,383,145.70 |
318,400,000.00 |
|
29,021,856.86 |
|
|
|
|
|
|
||||||||||
|
|
||||||||||
|
|
||||||||||
|
|
||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
Page 21 of 28 |
|||
|
|
|
|
|
|
Specially Serviced Loan Detail - Part 2 |
|
|
|
||||||
|
|
|
|
|
Servicing |
|
|
|
|
|
Property |
|
Transfer |
Resolution |
|
|
Pros ID |
Loan ID |
Type¹ |
State |
Date |
Strategy Code² |
Special Servicing Comments |
|
1 |
10096311 |
RT |
CA |
07/16/20 |
1 |
|
|
" |
7/11/2025 |
07.01.25: Loan transferred to SS on 7/16/20, due to monetary default after property closure (COVID-19) in 2020. Collateral is fee simple interest portion of a 2-story mall with multi-story anchors in Palm Desert, CA. Property built in |
||||
|
19 83 and comprises 986.3k sq. ft. of GLA on 53 acres. Collateral is 512k sq. ft. with the remainder as unowned anchor space (Macy s, Former Sears, JCPenney). NOD issued in Aug. 20, non-judicial foreclosure filed in June 21 and property put |
||||||
|
in receivership . In Nov. 2023, Pacific Retail acquired the asset and assumed modified debt which included a 2-year extension. Loan remains in cash sweep. Borrower continues to dual track operations with redevelopment efforts, including REA |
||||||
|
amendment, re-zoning, parceliz ation and preparation of an Environmental Impact Report. Borrower projects entitlements will take appx. 18-months. |
||||||
|
1A |
10096412 |
Various |
Various |
07/16/20 |
1 |
|
|
" |
7/11/2025 |
07.01.25: Loan transferred to SS on 7/16/20, due to monetary default after property closure (COVID-19) in 2020. Collateral is fee simple interest portion of a 2-story mall with multi-story anchors in Palm Desert, CA. Property built in |
||||
|
19 83 and comprises 986.3k sq. ft. of GLA on 53 acres. Collateral is 512k sq. ft. with the remainder as unowned anchor space (Macy s, Former Sears, JCPenney). NOD issued in Aug. 20, non-judicial foreclosure filed in June 21 and property put |
||||||
|
in receivership . In Nov. 2023, Pacific Retail acquired the asset and assumed modified debt which included a 2-year extension. Loan remains in cash sweep. Borrower continues to dual track operations with redevelopment efforts, including REA |
||||||
|
amendment, re-zoning, parceliz ation and preparation of an Environmental Impact Report. Borrower projects entitlements will take appx. 18-months. |
||||||
|
1B |
10096413 |
Various |
Various |
07/16/20 |
1 |
|
|
" |
7/11/2025 |
07.01.25: Loan transferred to SS on 7/16/20, due to monetary default after property closure (COVID-19) in 2020. Collateral is fee simple interest portion of a 2-story mall with multi-story anchors in Palm Desert, CA. Property built in |
||||
|
19 83 and comprises 986.3k sq. ft. of GLA on 53 acres. Collateral is 512k sq. ft. with the remainder as unowned anchor space (Macy s, Former Sears, JCPenney). NOD issued in Aug. 20, non-judicial foreclosure filed in June 21 and property put |
||||||
|
in receivership . In Nov. 2023, Pacific Retail acquired the asset and assumed modified debt which included a 2-year extension. Loan remains in cash sweep. Borrower continues to dual track operations with redevelopment efforts, including REA |
||||||
|
amendment, re-zoning, parceliz ation and preparation of an Environmental Impact Report. Borrower projects entitlements will take appx. 18-months. The 5-year NOI forecast declined since modification, illustrating liquidity concerns. |
||||||
|
1C |
10096414 |
Various |
Various |
07/16/20 |
1 |
|
|
" |
7/11/2025 |
07.01.25: Loan transferred to SS on 7/16/20, due to monetary default after property closure (COVID-19) in 2020. Collateral is fee simple interest portion of a 2-story mall with multi-story anchors in Palm Desert, CA. Property built in |
||||
|
19 83 and comprises 986.3k sq. ft. of GLA on 53 acres. Collateral is 512k sq. ft. with the remainder as unowned anchor space (Macy s, Former Sears, JCPenney). NOD issued in Aug. 20, non-judicial foreclosure filed in June 21 and property put |
||||||
|
in receivership . In Nov. 2023, Pacific Retail acquired the asset and assumed modified debt which included a 2-year extension. Loan remains in cash sweep. Borrower continues to dual track operations with redevelopment efforts, including REA |
||||||
|
amendment, re-zoning, parceliz ation and preparation of an Environmental Impact Report. Borrower projects entitlements will take appx. 18-months. The 5-year NOI forecast declined since modification, illustrating liquidity concerns. |
||||||
|
10 |
10096320 |
OF |
AL |
12/12/24 |
1 |
|
|
" |
7/11/2025 |
07.01.2025: The loan transferred to Special Servicing effective 12/12/2024, due to maturity default on 12/06/2024. The loan is secured by two office buildings (#1800 and #1900) located in Birmingham, AL, comprising a total of |
||||
|
211,142 squ are feet. The1800 International Park property has an occupancy rate of 80.5% and the 1900 International Park property has an occupancy rate of 87%. The blended occupancy rate for both properties is 82.5%. Special Servicer is |
||||||
|
reviewing the file and initiat ed discussions with the Borrower, who has a pipeline of prospective tenants that would further boost occupancy if secured. Borrower has worked towards securing refinancing, but has as of now not been successful. |
||||||
|
Special Servicer has entered into a Pre-Neg otiation Agreement with the Borrower, who has requested a loan modification. |
|
|||||
|
12 |
10096322 |
RT |
NY |
10/22/20 |
2 |
|
|
" |
7/11/2025 |
07.01.25 - Loan was transferred to SS on 10/22/20 due to payment default. Property is a 175.9k sq. ft. retail centre in Greece, NY, built in 1975 on a 16.88 acre parcel. Payment default (noticed on 11/4/21), arose following loss of |
||||
|
prima ry tenant Toys R Us in 2018. The COVID-19 pandemic and death of the guarantor caused further disruption. Borrower executed a PNA and engaged in loan modification discussions while seeking to lease-up the property. With leasing |
||||||
|
efforts unsuccessful, legal enforcement commenced with a foreclosure action on 04/01/22. A petition to appoint a receiver was filed on 6/2/22 and they have been in place since that time. A motion for summary judgment was filed and granted. |
||||||
|
The Court granted summary judgment as to li ability and referred the damages computation to a court-appointed Referee. The calculation of damages was approved by the Referee in July 2024, with the full amount awarded. |
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
Page 22 of 28 |
||||
|
|
|
|
|
|
Specially Serviced Loan Detail - Part 2 |
|
||
|
|
||||||||
|
|
|
|
|
Servicing |
|
|
|
|
|
|
|
Property |
|
Transfer |
Resolution |
|
|
|
|
Pros ID |
Loan ID |
Type¹ |
State |
Date |
Strategy Code² |
|
Special Servicing Comments |
|
|
18 |
10096328 |
LO |
WV |
10/13/20 |
7 |
|
|
|
|
" |
7/11/2025 |
07.01.25: Loan transferred to SS on 10/13/20. Property is on a 5.95?acre site in Morgantown, WV. Collateral is a 4?story, 95?room ltd?service Fairfield Inn & Suites. The asset was built in 2008 and renovated in 2017. Following |
||||||
|
payment de fault on 11/1/20, foreclosure was filed and the hotel was taken REO in May 2021. The Property saw slow recovery through the COVID-19 pandemic, with YE 2024 reporting occupancy of 61.29% and ADR of $109.55, with revenue of |
||||||||
|
$2.37m and NOI of $178.0k. As of May 2025, year-to-date occupancy rose to 63.48% has increased month-over-month and is up ~6% from prior year, ADRs of $110.66 are up ~6.0% and revenues of $1,031,709 grew by 16% for the same |
||||||||
|
period in 2024. SS has obtained approval to bring the asset to market via Ten-X auction, which is planned for late July 2025. |
|
|
||||||
|
" |
|
|
|
|
|
|
|
|
|
|
||||||||
|
43 |
10096353 |
RT |
CA |
12/16/24 |
2 |
|
|
|
|
" |
7/11/2025 |
07.01.2025: The loan transferred to Special Servicing effective 12/13/2024, due to imminent default with upcoming maturity on 2/1/2025. The loan is secured by a single-tenant Walgreens (15,930 square feet), located in Orland, |
||||||
|
CA. Special Servicer hasreviewed the file and initiated discussions with the Borrower through provision of a Pre-Negotiation Agreement. Borrower reports that the property was taken to market, however pricing indications were below the |
||||||||
|
outstanding principal balance. Borrower continues to market the sale for property and has submitted a request for the short sale of the asset, following recent of a recent LOI. Special Servicer is reviewing this proposal with the Borrower, while in |
||||||||
|
parallel preparing to commence legal enforcement proceedings. |
|
|
|
|
||||
|
" |
|
|
|
|
|
|
|
|
|
|
||||||||
|
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 23 of 28 |
||||
|
|
|
|
|
|
Modified Loan Detail |
|
|
|
||
|
|
|
Pre-Modification |
Post-Modification |
|
|
|
Modification |
Modification |
||
|
|
|
Loan |
|
|
|
|
Modification |
Modification Booking |
Closing |
Effective |
|
|
|
Balance |
|
Rate |
Balance |
Rate |
|
|
|
|
|
Pros ID |
Loan Number |
Group |
|
|
|
|
Code¹ |
Date |
Date |
Date |
|
5 |
10096315 |
1 0.00 |
|
4.20000% |
0.00 |
4.20000% |
8 |
02/18/22 |
02/18/22 |
07/11/22 |
|
5 |
10096315 |
1 0.00 |
|
4.20000% |
0.00 |
4.20000% |
8 |
07/11/22 |
02/18/22 |
02/18/22 |
|
36 |
10096346 |
1 0.00 |
|
4.20000% |
0.00 |
4.20000% |
8 |
03/01/20 |
02/26/21 |
08/17/22 |
|
36 |
10096346 |
1 0.00 |
|
4.20000% |
0.00 |
4.20000% |
8 |
08/17/22 |
02/26/21 |
03/01/20 |
|
37 |
10096347 |
1 0.00 |
|
3.47000% |
0.00 |
3.47000% |
8 |
06/22/20 |
06/22/20 |
06/22/20 |
|
40 |
10096350 |
1 0.00 |
|
4.30800% |
0.00 |
4.30800% |
8 |
10/26/20 |
08/04/20 |
08/04/20 |
|
40 |
10096350 |
1 0.00 |
|
4.30800% |
0.00 |
4.30800% |
8 |
08/04/20 |
08/04/20 |
10/26/20 |
|
Totals |
|
0.00 |
|
|
0.00 |
|
|
|
|
|
|
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: Note: Please refer to Servicer Reports for modification comments. |
|
|
|
|
|
|
|
|
||
|
|
||||||||||
|
|
||||||||||
|
|
||||||||||
|
|
||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
Page 24 of 28 |
||
|
|
|
|
|
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 |
|
27 |
10096337 09/16/22 |
8,444,311.84 |
10,700,000.00 |
10,629,877.32 |
2,398,444.04 |
10,006,097.75 |
7,607,653.71 |
836,658.13 |
0.00 |
103,104.66 |
733,553.47 |
8.15% |
|
42 |
10096352 05/16/25 |
5,489,955.19 |
9,500,000.00 |
5,761,284.49 |
210,417.81 |
5,761,284.49 |
5,550,866.68 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
|
51 |
10096361 05/16/25 |
4,065,571.67 |
6,900,000.00 |
4,189,987.65 |
81,365.73 |
4,189,987.65 |
4,108,621.92 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
|
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 |
17,999,838.70 |
27,100,000.00 |
20,581,149.46 |
2,690,227.58 |
19,957,369.89 |
17,267,142.31 |
836,658.13 |
0.00 |
103,104.66 |
733,553.47 |
|
|
|
|
||||||||||||
|
Note: Fees, Advances and Expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.). |
|
|
|
|
|
|||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
|
Page 25 of 28 |
|||
|
|
|
|
|
Historical Bond / Collateral Loss Reconciliation Detail |
|
|
|
||||
|
|
|
|
Certificate |
Reimb of Prior |
|
|
|
|
|
|
|
|
|
|
|
Interest Paid |
Realized Losses |
|
Loss Covered by |
|
|
|
|
Total Loss |
|
|
|
|
from Collateral |
from Collateral |
Aggregate |
Credit |
Loss Applied to |
Loss Applied to |
Non-Cash |
Realized Losses |
Applied to |
|
|
Loan |
Distribution |
Principal |
Interest |
Realized Loss to |
Support/Deal |
Certificate |
Certificate |
Principal |
from |
Certificate |
|
Pros ID |
Number |
Date |
Collections |
Collections |
Loan |
Structure |
Interest Payment |
Balance |
Adjustment |
NRA/WODRA |
Balance |
|
Deal |
Deal |
07/17/25 |
608,366.41 |
0.00 |
0.00 |
0.00 |
0.00 |
608,366.41 |
0.00 |
0.00 |
608,366.41 |
|
27 |
10096337 |
07/17/23 |
0.00 |
0.00 |
733,553.47 |
0.00 |
0.00 |
334.49 |
0.00 |
0.00 |
731,361.38 |
|
|
|
05/17/23 |
0.00 |
0.00 |
733,218.98 |
0.00 |
0.00 |
29,675.92 |
0.00 |
0.00 |
|
|
|
|
03/17/23 |
0.00 |
0.00 |
703,543.06 |
0.00 |
85.33 |
(8,447.48) |
0.00 |
0.00 |
|
|
|
|
11/18/22 |
0.00 |
0.00 |
711,905.21 |
0.00 |
2,106.76 |
(126,859.68) |
0.00 |
0.00 |
|
|
|
|
09/16/22 |
0.00 |
0.00 |
836,658.13 |
0.00 |
0.00 |
836,658.13 |
0.00 |
0.00 |
|
|
42 |
10096352 |
05/16/25 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
51 |
10096361 |
05/16/25 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Current Period Totals |
|
608,366.41 |
0.00 |
0.00 |
0.00 |
0.00 |
608,366.41 |
0.00 |
0.00 |
608,366.41 |
|
|
Cumulative Totals |
|
608,366.41 |
0.00 |
733,553.47 |
0.00 |
2,192.09 |
1,339,727.79 |
0.00 |
0.00 |
1,339,727.79 |
|
|
|
|||||||||||
|
|
|||||||||||
|
|
|||||||||||
|
|
|||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
Page 26 of 28 |
||||
|
|
|
|
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 |
13,020.83 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
222.74 |
0.00 |
0.00 |
0.00 |
|
1A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
222.74 |
0.00 |
0.00 |
0.00 |
|
1B |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
14.22 |
0.00 |
0.00 |
0.00 |
|
1C |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
14.22 |
0.00 |
0.00 |
0.00 |
|
2 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
135.36 |
0.00 |
0.00 |
0.02 |
|
2B |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.01 |
|
10 |
0.00 |
0.00 |
4,514.21 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
12 |
0.00 |
0.00 |
3,532.81 |
0.00 |
0.00 |
0.00 |
0.00 |
59,351.28 |
0.00 |
0.00 |
0.00 |
0.00 |
|
18 |
0.00 |
0.00 |
2,026.22 |
0.00 |
0.00 |
0.00 |
0.00 |
35,661.51 |
0.00 |
0.00 |
0.00 |
0.00 |
|
43 |
0.00 |
0.00 |
2,000.00 |
0.00 |
0.00 |
6,756.61 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total |
0.00 |
0.00 |
25,094.07 |
0.00 |
0.00 |
6,756.61 |
0.00 |
95,012.78 |
609.28 |
0.00 |
0.00 |
0.02 |
|
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 |
127,472.77 |
||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
|
Page 27 of 28 |
|||
|
|
Supplemental Notes |
|
|
|
None |
|
|
|
||
|
|
||
|
|
||
|
|
||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
Page 28 of 28 |