Distribution Date:

08/15/25

Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32

Determination Date:

08/11/25

 

Next Distribution Date:

09/17/25

 

Record Date:

07/31/25

Commercial Mortgage Pass-Through Certificates

 

 

Series 2016 C32

 

           

Table of Contents

 

 

Contacts

 

 

 

Section

Pages

   Role

Party and Contact Information

 

 

 

Certificate Distribution Detail

2

Depositor

Banc of America Merrill Lynch Commercial Mortgage Inc.

 

 

 

Certificate Factor Detail

3

 

Leland F. Bunch, III

(646) 855-3953

 

 

Certificate Interest Reconciliation Detail

4

 

Bank of America Tower, One Bryant Park | New York, NY 10036 | United States

 

 

 

Master Servicer

Trimont LLC

 

 

Additional Information

5

 

 

 

 

 

 

 

Attention: CMBS Servicing

 

trimont.commercial.servicing@cms.trimont.com

Bond / Collateral Reconciliation - Cash Flows

6

 

 

 

 

 

 

 

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

 

Bond / Collateral Reconciliation - Balances

7

Special Servicer

Midland Loan Services

 

 

Current Mortgage Loan and Property Stratification

8-12

 

askmidlandls.com

(913) 253-9000

 

Mortgage Loan Detail (Part 1)

13-14

 

10851 Mastin Street, Building 82, Suite 300 | Overland Park, KS 66210 | United States

 

 

Mortgage Loan Detail (Part 2)

15-16

Operating Advisor & Asset

Park Bridge Lender Services LLC

 

 

 

 

Representations Reviewer

 

 

 

Principal Prepayment Detail

17

 

 

 

 

 

 

 

David Rodgers

(212) 230-9025

 

Historical Detail

18

 

600 Third Avenue, 40th Floor | New York, NY 10016 | United States

 

 

Delinquency Loan Detail

19

Certificate Administrator

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

 

 

Collateral Stratification and Historical Detail

20

 

Bank, N.A.

 

 

 

 

 

Corporate Trust Services (CMBS)

 

cctcmbsbondadmin@computershare.com;

Specially Serviced Loan Detail - Part 1

21

 

 

 

trustadministrationgroup@computershare.com

Specially Serviced Loan Detail - Part 2

22

 

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

 

 

 

Modified Loan Detail

23

Trustee

Wilmington Trust, National Association

 

 

 

Historical Liquidated Loan Detail

24

 

Attention: CMBS Trustee

(302) 636-4140

CMBSTrustee@wilmingtontrust.com

 

 

 

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

 

 

Historical Bond / Collateral Loss Reconciliation Detail

25

 

 

 

 

 

 

Directing Certificateholder

Eightfold Real Estate Capital, L.P.

 

 

Interest Shortfall Detail - Collateral Level

26

 

 

 

 

 

 

 

-

 

 

Supplemental Notes

27

 

 

 

 

 

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

61691GAN0

1.968000%

36,900,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-2

61691GAP5

3.297000%

6,800,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-SB

61691GAQ3

3.514000%

58,600,000.00

17,150,998.83

929,230.98

50,223.84

0.00

0.00

979,454.82

16,221,767.85

33.55%

30.00%

A-3

61691GAR1

3.459000%

190,000,000.00

180,194,840.17

0.00

519,411.63

0.00

0.00

519,411.63

180,194,840.17

33.55%

30.00%

A-4

61691GAS9

3.720000%

342,567,000.00

342,567,000.00

0.00

1,061,957.70

0.00

0.00

1,061,957.70

342,567,000.00

33.55%

30.00%

A-S

61691GAV2

3.994000%

65,754,000.00

65,754,000.00

0.00

218,851.23

0.00

0.00

218,851.23

65,754,000.00

25.44%

22.75%

B

61691GAW0

4.095000%

44,214,000.00

44,214,000.00

0.00

150,880.27

0.00

0.00

150,880.27

44,214,000.00

19.99%

17.88%

C

61691GAX8

4.404243%

43,080,000.00

43,080,000.00

0.00

158,112.33

0.00

0.00

158,112.33

43,080,000.00

14.68%

13.13%

D

61691GAC4

3.396000%

48,749,000.00

48,749,000.00

0.00

137,959.67

0.00

0.00

137,959.67

48,749,000.00

8.67%

7.75%

E

61691GAE0

4.404243%

23,807,000.00

23,807,000.00

0.00

87,376.51

0.00

0.00

87,376.51

23,807,000.00

5.73%

5.13%

F

61691GAG5

4.404243%

10,203,000.00

10,203,000.00

0.00

37,447.08

0.00

0.00

37,447.08

10,203,000.00

4.47%

4.00%

G*

61691GAJ9

4.404243%

36,278,869.00

36,278,869.00

0.00

115,825.69

0.00

0.00

115,825.69

36,278,869.00

0.00%

0.00%

R

61691GAL4

0.000000%

0.01

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

906,952,869.01

811,998,708.00

929,230.98

2,538,045.95

0.00

0.00

3,467,276.93

811,069,477.02

 

 

 

 

X-A

61691GAT7

0.777895%

634,867,000.00

539,912,839.00

0.00

349,996.31

0.00

0.00

349,996.31

538,983,608.02

 

 

X-B

61691GAU4

0.369635%

109,968,000.00

109,968,000.00

0.00

33,873.33

0.00

0.00

33,873.33

109,968,000.00

 

 

X-D

61691GAA8

1.008243%

48,749,000.00

48,749,000.00

0.00

40,959.03

0.00

0.00

40,959.03

48,749,000.00

 

 

Notional SubTotal

 

793,584,000.00

698,629,839.00

0.00

424,828.67

0.00

0.00

424,828.67

697,700,608.02

 

 

 

Deal Distribution Total

 

 

 

929,230.98

2,962,874.62

0.00

0.00

3,892,105.60

 

 

 

 

*

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

61691GAN0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-2

61691GAP5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-SB

61691GAQ3

292.67916092

15.85718396

0.85706212

0.00000000

0.00000000

0.00000000

0.00000000

16.71424608

276.82197696

A-3

61691GAR1

948.39389563

0.00000000

2.73374542

0.00000000

0.00000000

0.00000000

0.00000000

2.73374542

948.39389563

A-4

61691GAS9

1,000.00000000

0.00000000

3.10000000

0.00000000

0.00000000

0.00000000

0.00000000

3.10000000

1,000.00000000

A-S

61691GAV2

1,000.00000000

0.00000000

3.32833333

0.00000000

0.00000000

0.00000000

0.00000000

3.32833333

1,000.00000000

B

61691GAW0

1,000.00000000

0.00000000

3.41249989

0.00000000

0.00000000

0.00000000

0.00000000

3.41249989

1,000.00000000

C

61691GAX8

1,000.00000000

0.00000000

3.67020265

0.00000000

0.00000000

0.00000000

0.00000000

3.67020265

1,000.00000000

D

61691GAC4

1,000.00000000

0.00000000

2.83000000

0.00000000

0.00000000

0.00000000

0.00000000

2.83000000

1,000.00000000

E

61691GAE0

1,000.00000000

0.00000000

3.67020246

0.00000000

0.00000000

0.00000000

0.00000000

3.67020246

1,000.00000000

F

61691GAG5

1,000.00000000

0.00000000

3.67020288

0.00000000

0.00000000

0.00000000

0.00000000

3.67020288

1,000.00000000

G

61691GAJ9

1,000.00000000

0.00000000

3.19264887

0.47755375

10.71973082

0.00000000

0.00000000

3.19264887

1,000.00000000

R

61691GAL4

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

61691GAT7

850.43456188

0.00000000

0.55129076

0.00000000

0.00000000

0.00000000

0.00000000

0.55129076

848.97089945

X-B

61691GAU4

1,000.00000000

0.00000000

0.30802897

0.00000000

0.00000000

0.00000000

0.00000000

0.30802897

1,000.00000000

X-D

61691GAA8

1,000.00000000

0.00000000

0.84020247

0.00000000

0.00000000

0.00000000

0.00000000

0.84020247

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

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

07/01/25 - 07/30/25

30

0.00

50,223.84

0.00

50,223.84

0.00

0.00

0.00

50,223.84

0.00

 

A-3

07/01/25 - 07/30/25

30

0.00

519,411.63

0.00

519,411.63

0.00

0.00

0.00

519,411.63

0.00

 

A-4

07/01/25 - 07/30/25

30

0.00

1,061,957.70

0.00

1,061,957.70

0.00

0.00

0.00

1,061,957.70

0.00

 

X-A

07/01/25 - 07/30/25

30

0.00

349,996.31

0.00

349,996.31

0.00

0.00

0.00

349,996.31

0.00

 

X-B

07/01/25 - 07/30/25

30

0.00

33,873.33

0.00

33,873.33

0.00

0.00

0.00

33,873.33

0.00

 

A-S

07/01/25 - 07/30/25

30

0.00

218,851.23

0.00

218,851.23

0.00

0.00

0.00

218,851.23

0.00

 

B

07/01/25 - 07/30/25

30

0.00

150,880.27

0.00

150,880.27

0.00

0.00

0.00

150,880.27

0.00

 

C

07/01/25 - 07/30/25

30

0.00

158,112.33

0.00

158,112.33

0.00

0.00

0.00

158,112.33

0.00

 

X-D

07/01/25 - 07/30/25

30

0.00

40,959.03

0.00

40,959.03

0.00

0.00

0.00

40,959.03

0.00

 

D

07/01/25 - 07/30/25

30

0.00

137,959.67

0.00

137,959.67

0.00

0.00

0.00

137,959.67

0.00

 

E

07/01/25 - 07/30/25

30

0.00

87,376.51

0.00

87,376.51

0.00

0.00

0.00

87,376.51

0.00

 

F

07/01/25 - 07/30/25

30

0.00

37,447.08

0.00

37,447.08

0.00

0.00

0.00

37,447.08

0.00

 

G

07/01/25 - 07/30/25

30

370,215.83

133,150.80

0.00

133,150.80

17,325.11

0.00

0.00

115,825.69

388,899.71

 

Totals

 

 

370,215.83

2,980,199.73

0.00

2,980,199.73

17,325.11

0.00

0.00

2,962,874.62

388,899.71

 

 

 

 

 

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Page 4 of 27

 


 

 

     

 

Additional Information

 

Total Available Distribution Amount (1)

3,892,105.60

 

(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

2,993,270.39

Master Servicing Fee

6,532.99

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

4,338.84

Interest Adjustments

0.00

Trustee Fee

290.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

349.61

ARD Interest

0.00

Operating Advisor Fee

1,174.62

Net Prepayment Interest Excess / (Shortfall)

0.00

Asset Representations Reviewer Fee

384.57

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

 

 

Total Interest Collected

2,993,270.39

Total Fees

13,070.64

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

929,230.98

Reimbursement for Interest on Advances

0.00

Unscheduled Principal Collections

 

ASER Amount

0.00

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

15,478.72

Collection of Principal after Maturity Date

0.00

Special Servicing Fees (Liquidation)

0.00

Recoveries From Liquidations and Insurance Proceeds

0.00

Special Servicing Fees (Work Out)

1,846.39

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

929,230.98

Total Expenses/Reimbursements

17,325.11

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

2,962,874.62

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

929,230.98

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

0.00

Net SWAP Counterparty Payments Received

0.00

Borrower Option Extension Fees

0.00

 

 

Net SWAP Counterparty Payments Paid

0.00

Total Other Collected

0.00

Total Payments to Certificateholders and Others

3,892,105.60

Total Funds Collected

3,922,501.37

Total Funds Distributed

3,922,501.35

 

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Page 6 of 27

 


 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

        Total

 

         Total

Beginning Scheduled Collateral Balance

811,998,708.15

811,998,708.15

Beginning Certificate Balance

811,998,708.00

(-) Scheduled Principal Collections

929,230.98

929,230.98

(-) Principal Distributions

929,230.98

(-) 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

811,069,477.17

811,069,477.17

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

811,998,708.16

811,998,708.16

Ending Certificate Balance

811,069,477.02

Ending Actual Collateral Balance

811,069,477.20

811,069,477.20

 

 

 

 

 

 

 

NRA/WODRA Reconciliation

 

Under / Over Collateralization Reconciliation

 

 

 

Non-Recoverable Advances (NRA) from

Workout Delayed Reimbursement of Advances

 

 

 

 

                    Principal

   (WODRA) from Principal

Beginning UC / (OC)

(0.15)

Beginning Cumulative Advances

0.00

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

(0.15)

Ending Cumulative Advances

0.00

0.00

Net WAC Rate

4.40%

 

 

 

 

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

 

Defeased

11

153,432,875.49

18.92%

15

4.6063

NAP

Defeased

11

153,432,875.49

18.92%

15

4.6063

NAP

 

5,000,000 or Less

15

54,803,427.81

6.76%

15

4.5834

2.181572

1.30 or Less

7

135,452,248.31

16.70%

16

4.4269

1.217713

5,000,001 - 10,000,000

8

56,761,035.01

7.00%

15

4.4382

2.203552

1.31 - 1.40

5

20,495,458.16

2.53%

15

4.6395

1.347358

10,000,001 - 15,000,000

5

61,535,846.82

7.59%

14

4.3438

1.566055

1.41 - 1.50

2

24,825,970.98

3.06%

15

4.7623

1.445363

15,000,001 - 25,000,000

7

145,932,631.15

17.99%

16

4.5971

1.644903

1.51 - 1.60

3

21,929,009.13

2.70%

15

4.4757

1.565603

25,000,001 - 50,000,000

5

178,603,660.89

22.02%

15

4.2530

2.617920

1.61 - 1.70

2

30,990,666.99

3.82%

15

4.4753

1.660750

 

50,000,001 or Greater

3

160,000,000.00

19.73%

15

3.5260

3.376630

1.71 - 1.80

3

30,470,285.33

3.76%

16

4.6606

1.723026

 

Totals

54

811,069,477.17

100.00%

15

4.2805

2.252981

1.81 - 2.50

11

164,932,003.56

20.34%

15

4.2134

2.169057

 

 

 

 

 

 

 

 

2.51 - 3.00

2

26,086,864.57

3.22%

15

4.3350

2.699801

 

 

 

 

 

 

 

 

3.01 or Greater

8

202,454,094.65

24.96%

15

3.7798

3.921687

 

 

 

 

 

 

 

 

Totals

54

811,069,477.17

100.00%

15

4.2805

2.252981

(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

 

Defeased

14

153,432,875.49

18.92%

15

4.6063

NAP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Defeased

14

153,432,875.49

18.92%

15

4.6063

NAP

Alabama

1

7,299,758.07

0.90%

15

4.4510

1.345500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial

6

74,305,288.93

9.16%

15

4.4194

2.747138

Arizona

1

2,456,954.50

0.30%

17

4.6800

1.294900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lodging

2

63,000,000.00

7.77%

15

4.1995

3.410800

California

10

118,636,455.61

14.63%

16

4.1172

3.032439

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed Use

2

12,475,486.74

1.54%

16

4.9809

1.294336

Colorado

1

5,900,489.51

0.73%

15

4.7300

1.589400

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mobile Home Park

1

6,704,094.65

0.83%

15

4.5180

3.714400

Florida

5

25,184,673.21

3.11%

15

4.5976

2.278922

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Family

12

73,085,210.52

9.01%

14

4.2669

1.999340

Georgia

1

55,000,000.00

6.78%

15

3.7320

2.369500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Office

4

139,373,823.48

17.18%

15

4.0013

2.649160

Hawaii

2

63,000,000.00

7.77%

15

4.1995

3.410800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

28

269,693,207.89

33.25%

15

4.1983

2.028602

Illinois

4

19,491,469.99

2.40%

17

4.7786

1.282738

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Self Storage

3

18,999,489.46

2.34%

16

4.0997

3.493536

Maryland

2

44,770,545.13

5.52%

16

4.7335

1.690179

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

72

811,069,477.17

100.00%

15

4.2805

2.252981

Michigan

2

17,086,404.19

2.11%

14

4.2528

1.776145

 

 

 

 

 

 

 

 

Missouri

1

4,594,059.05

0.57%

17

4.6800

1.295000

 

 

 

 

 

 

 

 

New Mexico

1

4,161,419.56

0.51%

17

4.6800

1.295000

 

 

 

 

 

 

 

 

New York

2

35,409,303.53

4.37%

15

4.1580

3.500200

 

 

 

 

 

 

 

 

North Carolina

1

3,177,055.55

0.39%

16

4.5300

1.786000

 

 

 

 

 

 

 

 

Ohio

4

33,251,808.60

4.10%

14

4.7871

1.783219

 

 

 

 

 

 

 

 

Oklahoma

2

8,811,776.93

1.09%

13

3.9600

1.649800

 

 

 

 

 

 

 

 

Pennsylvania

2

26,366,679.31

3.25%

15

4.3210

1.800015

 

 

 

 

 

 

 

 

South Carolina

1

4,466,638.66

0.55%

16

5.0900

1.346400

 

 

 

 

 

 

 

 

Tennessee

4

80,348,044.76

9.91%

15

4.3525

1.435141

 

 

 

 

 

 

 

 

Texas

5

24,131,155.04

2.98%

16

4.4588

1.428395

 

 

 

 

 

 

 

 

Utah

1

6,036,578.31

0.74%

16

4.8300

1.814600

 

 

 

 

 

 

 

 

Virginia

2

55,000,000.00

6.78%

15

3.0381

4.157220

 

 

 

 

 

 

 

 

Washington

3

13,055,332.16

1.61%

13

4.1710

1.185800

 

 

 

 

 

 

 

 

Totals

72

811,069,477.17

100.00%

15

4.2805

2.252981

 

 

 

 

 

 

 

 

 

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

 

Defeased

11

153,432,875.49

18.92%

15

4.6063

NAP

Defeased

11

153,432,875.49

18.92%

15

4.6063

NAP

 

4.5000 or Less

23

457,691,698.58

56.43%

15

3.9657

2.748428

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

4.5001 - 5.0000

17

187,223,609.74

23.08%

16

4.7311

1.657858

13 months to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

5.0001 - 5.5000

3

12,721,293.36

1.57%

16

5.0481

1.615787

25 months to 36 months

0

0.00

0.00%

0

0.0000

0.000000

 

5.5001 or Greater

0

0.00

0.00%

0

0.0000

0.000000

37 months to 48 months

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

54

811,069,477.17

100.00%

15

4.2805

2.252981

49 months or greater

43

657,636,601.68

81.08%

15

4.2045

2.416042

 

 

 

 

 

 

 

 

Totals

54

811,069,477.17

100.00%

15

4.2805

2.252981

(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

 

Defeased

11

153,432,875.49

18.92%

15

4.6063

NAP

Defeased

11

153,432,875.49

18.92%

15

4.6063

NAP

 

60 Months or Less

43

657,636,601.68

81.08%

15

4.2045

2.416042

Interest Only

9

282,250,000.00

34.80%

15

3.7998

3.448920

 

61 - 120 Months

0

0.00

0.00%

0

0.0000

0.000000

180 Months or Less

0

0.00

0.00%

0

0.0000

0.000000

 

121 Months or Greater

0

0.00

0.00%

0

0.0000

0.000000

181 - 300 Months

34

375,386,601.68

46.28%

15

4.5089

1.639430

 

Totals

54

811,069,477.17

100.00%

15

4.2805

2.252981

301 Months or Greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

54

811,069,477.17

100.00%

15

4.2805

2.252981

(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 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

2

36,201,574.71

4.46%

15

4.1926

4.112852

 

 

No outstanding loans in this group

 

 

Totals

54

811,069,477.17

100.00%

15

4.2805

2.252981

 

 

 

 

 

 

(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

Type

   City

State

Type

Rate

Interest

Principal

Adjustments          Repay Date

Date

Date

Balance

Balance

Date

1

306931008

LO

Honolulu

HI

Actual/360

4.199%

113,911.44

0.00

0.00

N/A

11/01/26

--

31,500,000.00

31,500,000.00

08/01/25

2

453011433

OF

Atlanta

GA

Actual/360

3.732%

176,751.67

0.00

0.00

N/A

11/05/26

--

55,000,000.00

55,000,000.00

08/05/25

3

453011434

RT

Memphis

TN

Actual/360

4.146%

167,854.05

0.00

0.00

N/A

11/01/26

--

47,015,747.08

47,015,747.08

08/01/25

4

300801560

OF

Palo Alto

CA

Actual/360

3.840%

175,253.33

0.00

0.00

N/A

12/01/26

--

53,000,000.00

53,000,000.00

08/01/25

5

300801515

RT

Woodbridge

VA

Actual/360

2.988%

133,805.54

0.00

0.00

N/A

11/01/26

--

52,000,000.00

52,000,000.00

08/01/25

6

300801551

IN

Various

Various

Actual/360

4.158%

152,171.25

0.00

0.00

N/A

11/01/26

--

42,500,000.00

42,500,000.00

08/01/25

7

1648062

RT

Big Flats

NY

Actual/360

3.650%

117,777.01

66,579.19

0.00

N/A

11/01/26

08/01/26

37,472,137.42

37,405,558.23

08/01/25

8

695100730

MU

Sebastopol

CA

Actual/360

4.765%

136,770.32

59,186.62

0.00

N/A

12/06/26

--

33,332,643.94

33,273,457.32

08/06/25

9

307101009

RT

Spring Hill

TN

Actual/360

4.730%

106,435.46

43,686.18

0.00

N/A

11/01/26

--

26,131,599.99

26,087,913.81

08/01/25

10

300801521

MF

Rialto

CA

Actual/360

4.269%

85,018.61

51,805.18

0.00

N/A

11/06/26

--

23,126,956.61

23,075,151.43

08/06/25

11

307101011

OF

Westlake

OH

Actual/360

4.716%

85,735.37

67,668.78

0.00

N/A

11/01/26

--

21,111,887.32

21,044,218.54

08/01/25

12

695100729

IN

Gaithersburg

MD

Actual/360

4.786%

93,271.50

40,040.55

0.00

N/A

12/06/26

--

22,631,695.62

22,591,655.07

08/06/25

13

1648130

RT

Lanham

MD

Actual/360

4.680%

89,531.01

37,240.90

0.00

N/A

12/01/26

--

22,216,130.96

22,178,890.06

08/01/25

14

695100719

RT

Various

Various

Actual/360

4.680%

83,346.19

43,524.04

0.00

N/A

01/06/27

--

20,681,436.86

20,637,912.82

08/06/25

15

1648012

LO

Tampa

FL

Actual/360

6.010%

108,754.07

35,292.39

0.00

N/A

12/01/26

--

21,014,150.94

20,978,858.55

08/01/25

16

300801543

RT

Lancaster

PA

Actual/360

4.381%

72,868.39

39,550.43

0.00

N/A

11/01/26

--

19,315,533.27

19,275,982.84

08/01/25

17

695100722

RT

Various

Various

Actual/360

4.680%

69,174.72

36,123.58

0.00

N/A

01/06/27

--

17,164,943.97

17,128,820.39

08/06/25

18

307101018

IN

Norton

MA

Actual/360

4.520%

69,494.25

27,001.88

0.00

N/A

05/06/26

--

17,854,645.86

17,827,643.98

08/01/25

19

1648136

RT

Roseville

MN

Actual/360

4.560%

63,954.28

27,891.91

0.00

N/A

12/01/26

--

16,287,167.22

16,259,275.31

08/01/25

20

1647947

RT

Livonia

MI

Actual/360

4.163%

52,000.21

33,200.30

0.00

N/A

10/01/26

--

14,505,727.22

14,472,526.92

08/01/25

21

300801509

MF

Seattle

WA

Actual/360

4.171%

46,984.56

26,114.35

0.00

N/A

09/01/26

--

13,081,446.51

13,055,332.16

08/01/25

22

307101022

RT

New Port Richey

FL

Actual/360

4.470%

46,570.39

22,727.73

0.00

N/A

11/01/26

--

12,098,824.51

12,076,096.78

08/01/25

23

307101023

MF

Galveston

TX

Actual/360

4.220%

42,239.05

21,362.48

0.00

N/A

10/01/26

--

11,623,648.50

11,602,286.02

08/01/25

24

695100728

OF

Laguna Hills

CA

Actual/360

4.807%

42,845.78

21,215.02

0.00

N/A

12/06/26

--

10,350,819.96

10,329,604.94

08/06/25

25

1647852

MF

Stillwater

OK

Actual/360

3.960%

30,119.62

20,954.93

0.00

N/A

09/01/26

--

8,832,731.86

8,811,776.93

08/01/25

26

695100727

IN

Indianapolis

IN

Actual/360

4.765%

34,076.26

17,133.82

0.00

N/A

09/06/26

--

8,304,812.86

8,287,679.04

08/06/25

27

307101027

RT

Various

Various

Actual/360

4.780%

23,996.85

8,331.70

0.00

N/A

12/01/26

--

5,829,980.09

5,821,648.39

08/01/25

27A

307101127

 

 

 

Actual/360

4.780%

12,527.04

4,349.38

0.00

N/A

12/01/26

--

3,043,415.37

3,039,065.99

08/01/25

 

 

 

 

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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

Type

   City

State

Type

Rate

Interest

Principal

   Adjustments       Repay Date

Date

Date

Balance

Balance

Date

28

307101028

MU

Elmhurst

IL

Actual/360

4.920%

33,987.40

13,355.53

0.00

N/A

12/01/26

--

8,022,203.61

8,008,848.08

08/01/25

29

300801557

SS

San Carlos

CA

Actual/360

4.024%

30,319.72

0.00

0.00

N/A

12/01/26

--

8,750,000.00

8,750,000.00

08/01/25

30

307101030

MF

State College

PA

Actual/360

4.520%

27,945.03

14,462.48

0.00

N/A

10/01/26

--

7,179,710.73

7,165,248.25

08/01/25

31

300801545

RT

Guntersville

AL

Actual/360

4.451%

28,031.38

13,782.19

0.00

N/A

11/01/26

--

7,313,540.26

7,299,758.07

08/01/25

32

695100713

MH

LaBelle

FL

Actual/360

4.518%

26,132.72

12,964.45

0.00

N/A

11/06/26

--

6,717,059.10

6,704,094.65

08/06/25

34

307101034

IN

West Valley City

UT

Actual/360

4.830%

25,158.51

12,353.21

0.00

N/A

12/01/26

--

6,048,931.52

6,036,578.31

08/01/25

35

307101035

RT

Aurora

CO

Actual/360

4.730%

24,083.31

12,347.67

0.00

N/A

11/01/26

--

5,912,837.18

5,900,489.51

08/01/25

36

307101036

RT

Various

FL

Actual/360

5.020%

16,380.14

7,509.04

0.00

N/A

12/01/26

--

3,789,261.48

3,781,752.44

08/01/25

37

307101037

Various     Various

FL

Actual/360

5.020%

7,157.08

3,280.99

0.00

N/A

10/01/26

--

1,655,667.75

1,652,386.76

08/01/25

38

300801550

SS

Oakland

CA

Actual/360

4.298%

19,459.17

8,247.05

0.00

N/A

12/01/26

--

5,257,736.51

5,249,489.46

08/01/25

39

307101039

MF

Columbus

OH

Actual/360

4.840%

19,719.94

8,548.99

0.00

N/A

07/01/26

--

4,731,523.65

4,722,974.66

08/01/25

40

307101040

RT

Elyria

OH

Actual/360

5.030%

19,412.29

8,867.18

0.00

N/A

12/01/26

--

4,481,769.44

4,472,902.26

08/01/25

41

300801559

RT

Bakersfield

CA

Actual/360

4.807%

18,356.64

8,422.88

0.00

N/A

12/01/26

--

4,434,656.48

4,426,233.60

08/01/25

42

300801558

SS

San Carlos

CA

Actual/360

4.024%

17,325.56

0.00

0.00

N/A

12/01/26

--

5,000,000.00

5,000,000.00

08/01/25

43

307101043

MU

Columbia

SC

Actual/360

5.090%

19,610.43

7,506.34

0.00

N/A

12/01/26

--

4,474,145.00

4,466,638.66

08/01/25

44

300801533

MF

Hawthorne

CA

Actual/360

4.269%

13,480.43

8,214.15

0.00

N/A

11/06/26

--

3,666,977.28

3,658,763.13

08/06/25

47

300801520

MF

North Hills

CA

Actual/360

4.269%

12,867.68

7,840.79

0.00

N/A

11/06/26

--

3,500,295.61

3,492,454.82

08/06/25

49

307101049

MF

Columbus

OH

Actual/360

4.840%

12,574.87

5,451.47

0.00

N/A

07/01/26

--

3,017,164.61

3,011,713.14

08/01/25

50

307101050

IN

Charlotte

NC

Actual/360

4.530%

12,411.79

4,774.48

0.00

N/A

12/01/26

--

3,181,830.03

3,177,055.55

08/01/25

51

307101051

RT

Alma

MI

Actual/360

4.750%

10,725.73

8,373.20

0.00

N/A

11/01/26

--

2,622,250.47

2,613,877.27

08/01/25

53

307101053

RT

Sanford

FL

Actual/360

4.780%

10,817.71

5,409.46

0.00

N/A

12/01/26

--

2,628,138.80

2,622,729.34

08/01/25

54

300801556

RT

Manassas

VA

Actual/360

3.902%

10,080.17

0.00

0.00

N/A

12/01/26

--

3,000,000.00

3,000,000.00

08/01/25

55

300801526

MF

Glendale

CA

Actual/360

4.269%

6,096.83

3,715.04

0.00

N/A

11/06/26

--

1,658,473.27

1,654,758.23

08/06/25

56

300801544

SS

Tucson

AZ

Actual/360

4.848%

7,200.79

2,823.05

0.00

N/A

11/01/26

--

1,724,876.72

1,722,053.67

08/01/25

1A

306931009

LO

Honolulu

HI

Actual/360

4.199%

113,911.44

0.00

0.00

N/A

11/01/26

--

31,500,000.00

31,500,000.00

08/01/25

3A

453011460

RT

Memphis

TN

Actual/360

4.146%

16,785.41

0.00

0.00

N/A

11/01/26

--

4,701,574.71

4,701,574.71

08/01/25

Totals

 

 

 

 

 

 

2,993,270.39

929,230.98

0.00

 

 

 

811,998,708.15

811,069,477.17

 

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

Fiscal NOI

NOI

Date

Date

Date

Reduction Amount

    ASER

   Advances

    Advances

  Advances

from Principal

Defease Status

 

1

164,167,992.00

146,201,326.00

04/01/24

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

2

18,136,884.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

3

8,808,289.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

4

7,993,515.03

4,011,742.27

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5

30,508,634.20

9,345,792.10

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6

25,036,579.40

12,546,016.84

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

7

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

8

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

9

3,091,544.56

873,549.00

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

10

3,508,898.00

1,128,697.00

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

11

9,860,505.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

12

2,945,888.55

1,471,372.74

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

13

2,878,850.78

1,366,421.29

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

14

1,971,476.10

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

15

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

16

1,924,161.00

1,753,702.92

04/01/24

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

17

1,636,427.43

818,214.21

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

18

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

19

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

20

2,011,315.45

1,013,812.33

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

21

1,001,269.13

1,064,512.99

07/01/24

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

22

1,730,167.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

23

836,513.92

310,770.81

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

24

1,069,409.80

255,493.51

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

25

928,507.65

264,554.60

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

26

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

27

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

27A

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

 

 

 

 

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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

Fiscal NOI

NOI

Date

Date

Date

Reduction Amount

   ASER

  Advances

   Advances

  Advances

from Principal

Defease Status

 

28

741,748.93

400,369.17

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

29

1,305,053.05

692,068.33

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

30

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

31

806,742.63

368,313.80

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

32

1,555,547.88

441,477.54

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

34

781,147.00

446,011.00

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

35

0.00

418,548.00

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

36

428,292.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

37

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

38

736,931.50

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

39

733,301.70

441,394.55

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

40

770,397.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

41

655,009.83

131,508.86

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

42

854,123.32

431,826.50

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

43

511,451.26

470,348.04

07/01/24

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

44

614,593.00

142,139.00

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

47

200,190.00

84,499.00

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

49

596,108.95

325,878.88

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

50

388,039.00

197,629.74

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

51

321,862.00

158,603.00

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

53

268,747.42

134,373.71

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

54

609,348.41

152,334.54

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

55

227,523.00

65,892.00

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

56

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

1A

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

3A

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

Totals

303,152,985.88

187,929,194.27

 

 

 

0.00

0.00

0.00

0.00

0.00

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

08/15/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.280533%

4.252017%

15

07/17/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.280864%

4.252333%

16

06/17/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.281218%

4.252672%

17

05/16/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.281545%

4.252984%

18

04/17/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.281895%

4.253319%

19

03/17/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

1

1,786,937.09

4.282217%

4.253626%

20

02/18/25

0

0.00

0

0.00

1

1,805,855.64

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.284504%

4.255359%

21

01/17/25

0

0.00

0

0.00

1

1,823,920.72

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.284838%

4.255673%

22

12/17/24

0

0.00

0

0.00

1

1,841,906.20

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.285168%

4.255985%

23

11/18/24

0

0.00

1

1,860,076.83

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.285523%

4.256320%

24

10/18/24

1

1,877,902.98

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.285849%

4.267110%

25

09/17/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.286199%

4.267456%

26

(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

 

 

 

 

 

 

 

No delinquent loans this period

 

 

 

 

 

 

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

 

62,967,890

62,967,890

0

 

 

0

 

13 - 24 Months

 

748,101,587

748,101,587

0

 

 

0

 

25 - 36 Months

 

0

0

0

 

 

0

 

37 - 48 Months

 

0

0

0

 

 

0

 

49 - 60 Months

 

0

0

0

 

 

0

 

> 60 Months

 

0

0

0

 

 

0

 

 

 

 

 

Historical Delinquency Information

 

 

 

 

 

 

 

 

Total

     Current

     30-59 Days

    60-89 Days

       90+ Days

REO/Foreclosure

 

 

Aug-25

811,069,477

811,069,477

0

0

 

0

0

 

Jul-25

811,998,708

811,998,708

0

0

 

0

0

 

Jun-25

812,984,990

812,984,990

0

0

 

0

0

 

May-25

813,906,711

813,906,711

0

0

 

0

0

 

Apr-25

814,885,752

814,885,752

0

0

 

0

0

 

Mar-25

815,800,020

815,800,020

0

0

 

0

0

 

Feb-25

818,700,124

816,894,268

0

0

1,805,856

0

 

Jan-25

819,624,577

817,800,656

0

0

1,823,921

0

 

Dec-24

820,545,399

818,703,493

0

0

1,841,906

0

 

Nov-24

821,524,406

819,664,329

0

1,860,077

 

0

0

 

Oct-24

822,437,763

820,559,860

1,877,903

0

 

0

0

 

Sep-24

823,409,574

823,409,574

0

0

 

0

0

 

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

 

 

 

 

 

 

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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

10

300801521

23,075,151.43

23,075,151.43

66,600,000.00

01/23/25

1,107,822.00

2.69890

03/31/25

11/06/26

254

44

300801533

3,658,763.13

3,658,763.13

10,050,000.00

01/22/25

138,951.00

2.13490

03/31/25

11/06/26

254

47

300801520

3,492,454.82

3,492,454.82

7,550,000.00

01/22/25

81,727.00

1.31550

03/31/25

11/06/26

254

55

300801526

1,654,758.23

1,654,758.23

4,825,000.00

01/22/25

64,735.00

2.19910

03/31/25

11/06/26

254

Totals

 

31,881,127.61

31,881,127.61

89,025,000.00

 

1,393,235.00

 

 

 

 

 

 

 

 

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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

 

10

300801521

 

MF

CA

10/29/24

11

 

 

 

 

The subject is a 335-unit multi-family garden property located at 380 North Linden Avenue in Rialto, California. The property consists of 24 two-story apartment buildings. The improvements were constructed in 1989 and are situated on a 14.83-

 

acre site. Lo an transferred to Special Servicing due to the appointment of a receiver, a Servicing Transfer Event. CA. courts determined a receiver was needed after a judgement of over $7B was entered to public record against the

 

Defendant/one of the Sponsors of the Loan. Loan is due for the Aug. 2025 payment and matures in Nov 2026. As Receiver hasn't indicated otherwise, loan is not anticipated to be paid in full until maturity.

 

44

300801533

 

MF

CA

10/29/24

11

 

 

 

 

The subject is comprised of a 0.54 acre multifamily located in the City of Hawthorne, Los Angeles County, California. The improvements include a 51 unit, single building, two-story apartment project built in 1968. Loan transferred to Special

 

Servicing due to the appointment of a receiver, a Servicing Transfer Event. CA. courts determined a receiver was needed after a judgement of over $7B was entered to public record against the Defendant/one of the Sponsors of the Loan. Loan

 

is due for the Aug. 2025 pay ment and matures in Nov 2026. As Receiver hasn't indicated otherwise, loan is not anticipated to be paid in full until maturity.

 

 

47

300801520

 

MF

CA

10/29/24

11

 

 

 

 

Burnet House is a 36-unit garden apartment property built in 1987 on 0.66 acres. The improvements consist of one, three-story building with parking beneath the building at grade level. Apartment units average 828 sf. Loan transferred to Special

 

Servicing due to the appointment of a receiver, a Servicing Transfer Event. CA. courts determined a receiver was needed after a judgement of over $7B was entered to public record against the Defendant/one of the Sponsors of the Loan. Loan

 

is due for the Aug. 2025 payment. Loan matures in Nov 2026. As Receiver hasn't indicated otherwise loan is not expected to be paid in full until maturity.

 

 

55

300801526

 

MF

CA

10/29/24

11

 

 

 

 

This multifamily property was built in 1962 and located in Glendale, CA, just 7 mins. from downtown Los Angeles. Property includes 18-units in one, two-story building with an average size of 554 SF/unit. Loan transferred to Special Servicing due

 

to the ap pointment of a receiver, a Servicing Transfer Event. CA. courts determined a receiver was needed after a judgement of over $7B was entered to public record against the Defendant/one of the Sponsors of the Loan. Loan is due for the

 

Aug. 2025 payment and matures in Nov 2026. As Receiver hasn't indicated otherwise, loan is not anticipated to be paid in full until maturity.

 

 

 

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

3

453011434

47,015,747.08

4.14600%

46,702,921.13                             4.14600%

10

12/31/20

05/01/20

03/11/21

3A

453011460

4,701,574.71

4.14600%

4,670,292.12                              4.14600%

10

12/31/20

05/01/20

03/11/21

15

1648012

22,991,510.66

6.01000%

22,991,510.66                              6.01000%

10

06/01/20

06/01/20

06/11/20

Totals

 

74,708,832.45

 

74,364,723.91

 

 

 

 

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)

3

0.00

0.00

0.00

0.00

1,678.54

0.00

0.00

0.00

0.00

0.00

0.00

0.00

3A

0.00

0.00

0.00

0.00

167.85

0.00

0.00

0.00

0.00

0.00

0.00

0.00

10

0.00

0.00

4,978.72

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

44

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

47

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

55

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

15,478.72

0.00

1,846.39

0.00

0.00

0.00

0.00

0.00

0.00

0.00

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

 

 

Collateral Shortfall Total

17,325.11

 

 

 

 

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Page 26 of 27

 


 

 

     

 

Supplemental Notes

 

 

None

 

 

 

 

 

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Page 27 of 27