|
Distribution Date: |
08/15/25 |
Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11 |
|
Determination Date: |
08/11/25 |
|
|
Next Distribution Date: |
09/17/25 |
|
|
Record Date: |
07/31/25 |
Commercial Mortgage Pass-Through Certificates |
|
|
|
Series 2013-C11 |
|
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 |
|
|
Exchangeable Certificate Detail |
5 |
|
|
|
|
|
|
|
Attention: CMBS Servicing |
trimont.commercial.servicing@cms.trimont.com |
|
Exchangeable Certificate Factor Detail |
6 |
|
|
|
|
|
|
|
550 S. Tryon Street, Suite 2400 | Charlotte, NC 28202 | United States |
|
|
Additional Information |
7 |
Special Servicer |
Midland Loan Services |
|
|
Bond / Collateral Reconciliation - Cash Flows |
8 |
|
askmidlandls.com |
(913) 253-9000 |
|
Bond / Collateral Reconciliation - Balances |
9 |
|
A Division of PNC Bank, N.A., 10851 Mastin Street, Building 82 | Overland Park, KS 66210 | United States |
|
|
Current Mortgage Loan and Property Stratification |
10-14 |
Senior Trust Advisor |
Situs Holdings, LLC |
|
|
Mortgage Loan Detail (Part 1) |
15 |
|
Attention: Stacey Ciarlanti |
SSNotices@situsamc.com |
|
Mortgage Loan Detail (Part 2) |
16 |
|
2 Embarcadero Center, 8th Floor | San Francisco, CA 94111 | United States |
|
|
Principal Prepayment Detail |
17 |
Certificate Administrator |
Computershare Trust Company, N.A. as agent for Wells Fargo |
|
|
|
|
|
Bank, N.A. |
|
|
Historical Detail |
18 |
|
Corporate Trust Services (CMBS) |
cctcmbsbondadmin@computershare.com; |
|
Delinquency Loan Detail |
19 |
|
|
trustadministrationgroup@computershare.com |
|
|
|
|
9062 Old Annapolis Road | Columbia, MD 21045 | United States |
|
|
Collateral Stratification and Historical Detail |
20 |
|
|
|
|
|
|
Trustee |
Deutsche Bank Trust Company Americas |
|
|
Specially Serviced Loan Detail - Part 1 |
21 |
|
Karlene Benvenuto |
karlene.benvenuto@db.com |
|
Specially Serviced Loan Detail - Part 2 |
22-23 |
|
1761 East St. Andrew Place | Santa Ana, CA 92705 | United States |
|
|
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 special notices. In addition, certificateholders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526.
|
© 2021 Computershare. All rights reserved. Confidential. |
Page 1 of 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 |
61762TAA4 |
1.308000% |
53,000,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-2 |
61762TAB2 |
3.085000% |
142,000,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-AB |
61762TAC0 |
3.845000% |
72,980,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-3 |
61762TAD8 |
3.960000% |
125,000,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-4 |
61762TAE6 |
4.012054% |
206,448,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-S |
61762TAG1 |
4.212054% |
49,239,000.00 |
30,804,524.28 |
271,492.79 |
108,125.26 |
0.00 |
0.00 |
379,618.05 |
30,533,031.49 |
75.05% |
24.25% |
|
B |
61762TAH9 |
4.212054% |
61,013,000.00 |
61,013,000.00 |
0.00 |
297,746.62 |
0.00 |
0.00 |
297,746.62 |
61,013,000.00 |
25.19% |
17.13% |
|
C |
61762TAK2 |
4.212054% |
34,253,000.00 |
30,819,022.19 |
0.00 |
132,089.15 |
0.00 |
0.00 |
132,089.15 |
30,819,022.19 |
0.00% |
13.13% |
|
D |
61762TAN6 |
4.212054% |
38,535,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
8.63% |
|
E |
61762TAQ9 |
4.212054% |
9,634,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
7.50% |
|
F |
61762TAS5 |
4.212054% |
8,563,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
6.50% |
|
G |
61762TAU0 |
3.685000% |
20,338,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
4.13% |
|
H |
61762TAW6 |
3.685000% |
10,747,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
2.87% |
|
J |
61762TAY2 |
3.685000% |
24,576,746.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
0.00% |
|
R |
61762TBA3 |
0.000000% |
1.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
0.00% |
|
Regular SubTotal |
|
856,326,747.00 |
122,636,546.47 |
271,492.79 |
537,961.03 |
0.00 |
0.00 |
809,453.82 |
122,365,053.68 |
|
|
|
|
|
||||||||||||
|
|
||||||||||||
|
X-A |
61762TAF3 |
4.212054% |
599,428,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
X-B |
61762TAL0 |
4.212054% |
55,661,746.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
Notional SubTotal |
|
655,089,746.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
||||||||||||
|
Deal Distribution Total |
|
|
|
271,492.79 |
537,961.03 |
0.00 |
0.00 |
809,453.82 |
|
|
|
|
|
|
||||||||||||
|
* |
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 2 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 |
61762TAA4 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-2 |
61762TAB2 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-AB |
61762TAC0 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-3 |
61762TAD8 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-4 |
61762TAE6 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-S |
61762TAG1 |
625.61230488 |
5.51377546 |
2.19592721 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
7.70970267 |
620.09852942 |
|
B |
61762TAH9 |
1,000.00000000 |
0.00000000 |
4.88005212 |
(1.37000721) |
0.00000000 |
0.00000000 |
0.00000000 |
4.88005212 |
1,000.00000000 |
|
C |
61762TAK2 |
899.74665548 |
0.00000000 |
3.85627974 |
(0.69812863) |
37.84335591 |
0.00000000 |
0.00000000 |
3.85627974 |
899.74665548 |
|
D |
61762TAN6 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
41.32258233 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
E |
61762TAQ9 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
124.50983600 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
F |
61762TAS5 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
134.90310522 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
G |
61762TAU0 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
58.42777166 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
H |
61762TAW6 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
J |
61762TAY2 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
14.28851484 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
R |
61762TBA3 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
Notional Certificates |
|
|
|
|
|
|
|
|
|
|
|
X-A |
61762TAF3 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
X-B |
61762TAL0 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
|
||||||||||
|
|
||||||||||
|
|
||||||||||
|
|
||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
Page 3 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-AB |
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 |
|
|
A-S |
07/01/25 - 07/30/25 |
30 |
0.00 |
108,125.26 |
0.00 |
108,125.26 |
0.00 |
0.00 |
0.00 |
108,125.26 |
0.00 |
|
|
B |
07/01/25 - 07/30/25 |
30 |
83,588.25 |
214,158.37 |
0.00 |
214,158.37 |
(83,588.25) |
0.00 |
0.00 |
297,746.62 |
0.00 |
|
|
C |
07/01/25 - 07/30/25 |
30 |
1,320,161.47 |
108,176.15 |
0.00 |
108,176.15 |
(23,913.00) |
0.00 |
0.00 |
132,089.15 |
1,296,248.47 |
|
|
D |
N/A |
N/A |
1,592,365.71 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1,592,365.71 |
|
|
E |
N/A |
N/A |
1,199,527.76 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1,199,527.76 |
|
|
F |
N/A |
N/A |
1,155,175.29 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1,155,175.29 |
|
|
G |
N/A |
N/A |
1,188,304.02 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1,188,304.02 |
|
|
H |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
J |
N/A |
N/A |
351,165.20 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
351,165.20 |
|
|
R |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
X-A |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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 |
|
|
Totals |
|
|
6,890,287.70 |
430,459.78 |
0.00 |
430,459.78 |
(107,501.25) |
0.00 |
0.00 |
537,961.03 |
6,782,786.45 |
|
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
Page 4 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 |
|
Exchangeable Certificate Details |
|
|
|
|
|
|
|
|
|
|
|
|
PST |
61762TAJ5 |
N/A |
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
Exchangeable Certificates Total |
|
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
|
|
|||||||||||
|
|
|||||||||||
|
|
|||||||||||
|
|
|||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
Page 5 of 28 |
|||
|
|
|
|
Exchangeable 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 |
|
|
|
|
|
|
|
|
|
|
|
PST |
61762TAJ5 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
|
||||||||||
|
|
||||||||||
|
|
||||||||||
|
|
||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
Page 6 of 28 |
|||
|
|
Additional Information |
|
|
Total Available Distribution Amount (1) |
809,453.82 |
|
|
(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 |
433,295.24 |
Master Servicing Fee |
2,112.07 |
|
Interest Reductions due to Nonrecoverability Determination |
0.00 |
Certificate Administrator Fee |
501.62 |
|
Interest Adjustments |
0.00 |
Trustee Fee |
36.96 |
|
Deferred Interest |
0.00 |
CREFC® Intellectual Property Royalty License Fee |
52.80 |
|
ARD Interest |
0.00 |
Operating Advisor Fee |
0.00 |
|
Net Prepayment Interest Excess / (Shortfall) |
0.00 |
Trust Advisor Fee |
132.00 |
|
Extension Interest |
0.00 |
|
|
|
Interest Reserve Withdrawal |
0.00 |
|
|
|
Total Interest Collected |
433,295.24 |
Total Fees |
2,835.46 |
|
|
|||
|
Principal |
|
Expenses/Reimbursements |
|
|
Scheduled Principal |
271,492.79 |
Reimbursement for Interest on Advances |
0.00 |
|
Unscheduled Principal Collections |
|
ASER Amount |
(90.96) |
|
Principal Prepayments |
0.00 |
Special Servicing Fees (Monthly) |
(107,410.29) |
|
Collection of Principal after Maturity Date |
0.00 |
Special Servicing Fees (Liquidation) |
0.00 |
|
Recoveries From Liquidations and Insurance Proceeds |
0.00 |
Special Servicing Fees (Work Out) |
0.00 |
|
Excess of Prior Principal Amounts Paid |
0.00 |
Legal Fees |
0.00 |
|
Curtailments |
0.00 |
Rating Agency Expenses |
0.00 |
|
Negative Amortization |
0.00 |
Taxes Imposed on Trust Fund |
0.00 |
|
Principal Adjustments |
0.00 |
Non-Recoverable Advances |
0.00 |
|
|
|
Workout Delayed Reimbursement Amounts |
0.00 |
|
|
|
Other Expenses |
0.00 |
|
Total Principal Collected |
271,492.79 |
Total Expenses/Reimbursements |
(107,501.25) |
|
|
|||
|
|
|
Interest Reserve Deposit |
0.00 |
|
|
|||
|
Other |
|
Payments to Certificateholders and Others |
|
|
Prepayment Penalties / Yield Maintenance |
0.00 |
Interest Distribution |
537,961.03 |
|
Gain on Sale / Excess Liquidation Proceeds |
0.00 |
Principal Distribution |
271,492.79 |
|
Borrower Option Extension Fees |
0.00 |
Prepayment Penalties / Yield Maintenance |
0.00 |
|
Net SWAP Counterparty Payments Received |
0.00 |
Net Swap Counterparty Payments Paid |
0.00 |
|
|
|
Borrower Option Extension Fees |
0.00 |
|
Total Other Collected |
0.00 |
Total Payments to Certificateholders and Others |
809,453.82 |
|
Total Funds Collected |
704,788.03 |
Total Funds Distributed |
704,788.03 |
|
|
|||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
Page 8 of 28 |
|
|
|
Bond / Collateral Reconciliation - Balances |
|
||
|
|
|||||
|
|
|
Collateral Reconciliation |
|
Certificate Reconciliation |
|
|
|
|
|
Total |
|
Total |
|
Beginning Scheduled Collateral Balance |
122,636,546.47 |
122,636,546.47 |
Beginning Certificate Balance |
122,636,546.47 |
|
|
(-) Scheduled Principal Collections |
271,492.79 |
271,492.79 |
(-) Principal Distributions |
271,492.79 |
|
|
(-) 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 |
122,365,053.68 |
122,365,053.68 |
Certificate Other Adjustments** |
0.00 |
|
|
Beginning Actual Collateral Balance |
123,505,311.88 |
123,505,311.88 |
Ending Certificate Balance |
122,365,053.68 |
|
|
Ending Actual Collateral Balance |
123,237,825.70 |
123,237,825.70 |
|
|
|
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|
NRA/WODRA Reconciliation |
Under / Over Collateralization Reconciliation |
|
|
|
|
|
Non-Recoverable Advances (NRA) from |
Workout Delayed Reimbursement of Advances |
|
|
|
|
|
Principal |
(WODRA) from Principal |
Beginning UC / (OC) |
0.00 |
|
Beginning Cumulative Advances |
0.00 |
0.00 |
UC / (OC) Change |
0.00 |
|
|
Current Period Advances |
0.00 |
0.00 |
Ending UC / (OC) |
0.00 |
|
|
Ending Cumulative Advances |
0.00 |
0.00 |
Net WAC Rate |
4.21% |
|
|
|
|
|
|
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 |
4 |
15,523,606.83 |
12.69% |
(26) |
3.9727 |
1.643081 |
1.30 or less |
1 |
21,908,369.01 |
17.90% |
(26) |
3.9120 |
0.934400 |
|
10,000,001 to 20,000,000 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
1.31-1.40 |
1 |
35,153,067.08 |
28.73% |
(25) |
4.5500 |
1.375000 |
|
|
20,000,001 to 40,000,000 |
2 |
57,061,436.09 |
46.63% |
(25) |
4.3050 |
1.205834 |
1.41-1.50 |
1 |
1,266,377.92 |
1.03% |
(25) |
4.6560 |
1.450400 |
|
|
40,000,001 to 50,000,000 |
1 |
49,780,010.76 |
40.68% |
(26) |
3.9120 |
1.660196 |
1.51-1.60 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
50,000,001 to 80,000,000 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
1.61-1.70 |
4 |
64,037,239.67 |
52.33% |
(26) |
3.9120 |
1.660196 |
|
|
80,000,001 to 90,000,000 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
1.71-1.80 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
90,000,001 or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
1.81-1.90 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
Totals |
7 |
122,365,053.68 |
100.00% |
(26) |
4.1030 |
1.446146 |
1.91-2.00 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
2.01-2.10 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
2.11-2.50 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
2.51 or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
Totals |
7 |
122,365,053.68 |
100.00% |
(26) |
4.1030 |
1.446146 |
|
(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. |
|
|
|
|
|||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
© 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 |
|
|
|||||||||||||
|
Florida |
1 |
85,945,608.52 |
70.24% |
(26) |
3.9120 |
0.934400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mixed Use |
1 |
35,153,067.08 |
28.73% |
(25) |
4.5500 |
1.375000 |
|
New Jersey |
1 |
35,153,067.08 |
28.73% |
(25) |
4.5500 |
1.375000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
2 |
87,211,986.44 |
71.27% |
(26) |
3.9228 |
0.941893 |
|
Texas |
1 |
1,266,377.92 |
1.03% |
(25) |
4.6560 |
1.450400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
3 |
122,365,053.68 |
100.00% |
(26) |
4.1030 |
1.446146 |
|
Totals |
3 |
122,365,053.68 |
100.00% |
(26) |
4.1030 |
1.446146 |
|
|
|
|
|
|
|
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
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 |
|
|
4.000% or less |
5 |
85,945,608.68 |
70.24% |
(26) |
3.9120 |
1.475183 |
12 months or less |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
4.001% to 4.500% |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
13 to 24 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
4.501% to 5.000% |
2 |
36,419,445.00 |
29.76% |
(25) |
4.5537 |
1.377622 |
25 to 36 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
5.001% 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 |
7 |
122,365,053.68 |
100.00% |
(26) |
4.1030 |
1.446146 |
49 months or greater |
7 |
122,365,053.68 |
100.00% |
(26) |
4.1030 |
1.446146 |
|
|
|
|
|
|
|
|
|
Totals |
7 |
122,365,053.68 |
100.00% |
(26) |
4.1030 |
1.446146 |
|
(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. |
|
|
|
|
|||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
© 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 |
|
|
79 months or less |
7 |
122,365,053.68 |
100.00% |
(26) |
4.1030 |
1.446146 |
230 months or less |
7 |
122,365,053.68 |
100.00% |
(26) |
4.1030 |
1.446146 |
|
80 months to 118 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
231 months to 350 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
119 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
350 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
Totals |
7 |
122,365,053.68 |
100.00% |
(26) |
4.1030 |
1.446146 |
Totals |
7 |
122,365,053.68 |
100.00% |
(26) |
4.1030 |
1.446146 |
|
(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. |
|
|
|
|
|||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
© 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 |
|
Underwriter's Information |
4 |
64,037,239.67 |
52.33% |
(26) |
3.9120 |
1.660196 |
79 months or less |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
1 to 2 years |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
80-118 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
1 year or less |
2 |
57,061,436.09 |
46.63% |
(25) |
4.3050 |
1.205834 |
119 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
2 years or greater |
1 |
1,266,377.92 |
1.03% |
(25) |
4.6560 |
1.450400 |
Totals |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
Totals |
7 |
122,365,053.68 |
100.00% |
(26) |
4.1030 |
1.446146 |
|
|
|
|
|
|
|
|
(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. |
|
|
|
|
|||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
© 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 |
Type |
City |
State |
Type |
Rate |
Interest |
Principal |
Adjustments Repay Date |
Date |
Date |
Balance |
Balance |
Date |
|
|
1A |
1340373 |
RT |
Clearwater |
FL |
Actual/360 |
3.912% |
73,958.47 |
46,449.64 |
0.00 |
N/A |
06/01/23 |
-- |
21,954,818.65 |
21,908,369.01 |
04/01/25 |
|
1B |
453000180 |
|
|
|
Actual/360 |
3.912% |
168,047.80 |
105,542.49 |
0.00 |
N/A |
06/01/23 |
-- |
49,885,553.25 |
49,780,010.76 |
04/01/25 |
|
1C |
453000182 |
|
|
|
Actual/360 |
3.912% |
2,519.97 |
1,582.66 |
0.00 |
N/A |
06/01/23 |
-- |
748,061.07 |
746,478.41 |
04/01/25 |
|
1D |
453000184 |
|
|
|
Actual/360 |
3.912% |
27,986.48 |
17,576.93 |
0.00 |
N/A |
06/01/23 |
-- |
8,307,881.03 |
8,290,304.10 |
04/01/25 |
|
1E |
453000186 |
|
|
|
Actual/360 |
3.912% |
17,623.23 |
11,068.27 |
0.00 |
N/A |
06/01/23 |
-- |
5,231,514.67 |
5,220,446.40 |
04/01/25 |
|
6 |
300681006 |
MU |
Bridgewater |
NJ |
Actual/360 |
4.550% |
138,059.39 |
83,642.94 |
0.00 |
N/A |
07/01/23 |
-- |
35,236,710.02 |
35,153,067.08 |
07/01/25 |
|
38 |
300681038 |
RT |
McAllen |
TX |
Actual/360 |
4.656% |
5,099.90 |
5,629.86 |
0.00 |
N/A |
07/01/23 |
-- |
1,272,007.78 |
1,266,377.92 |
12/01/24 |
|
Totals |
|
|
|
|
|
|
433,295.24 |
271,492.79 |
0.00 |
|
|
122,636,546.47 |
122,365,053.68 |
||
|
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 |
Fiscal NOI |
NOI |
Date |
Date |
Date |
Reduction Amount |
ASER |
Advances |
Advances |
Advances |
from Principal |
Defease Status |
|
|
1A |
10,380,166.32 |
4,624,865.16 |
01/01/25 |
06/30/25 |
04/11/25 |
7,017,597.73 |
312,099.59 |
96,390.86 |
387,580.24 |
0.00 |
0.00 |
|
|
|
1B |
0.00 |
0.00 |
-- |
-- |
04/11/25 |
15,945,326.21 |
731,808.13 |
219,018.50 |
880,656.76 |
0.00 |
0.00 |
|
|
|
1C |
0.00 |
0.00 |
-- |
-- |
04/11/25 |
239,108.85 |
10,973.84 |
3,284.30 |
13,205.94 |
0.00 |
0.00 |
|
|
|
1D |
0.00 |
0.00 |
-- |
-- |
04/11/25 |
8,379,395.88 |
354,877.35 |
93,684.75 |
71,757.26 |
0.00 |
0.00 |
|
|
|
1E |
0.00 |
0.00 |
-- |
-- |
04/11/25 |
5,276,547.90 |
222,435.41 |
58,993.55 |
45,185.13 |
0.00 |
0.00 |
|
|
|
6 |
3,959,554.00 |
936,677.00 |
01/01/25 |
03/31/25 |
10/11/24 |
0.00 |
0.00 |
221,095.48 |
221,095.48 |
686,653.08 |
0.00 |
|
|
|
38 |
183,738.00 |
93,375.00 |
01/01/23 |
06/30/23 |
11/12/24 |
220,265.72 |
7,943.73 |
9,821.58 |
81,323.80 |
0.00 |
0.00 |
|
|
|
Totals |
14,523,458.32 |
5,654,917.16 |
|
|
|
37,078,242.29 |
1,640,138.05 |
702,289.01 |
1,700,804.61 |
686,653.08 |
0.00 |
|
|
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
|
Page 16 of 28 |
||||
|
|
|
|
Principal Prepayment Detail |
|
|
|
|
|
|
Unscheduled Principal |
Prepayment Penalties |
|
|
Pros ID |
Loan Number |
Amount |
Prepayment / Liquidation Code |
Prepayment Premium Amount |
Yield Maintenance Amount |
|
|
|
|
No principal prepayments this period |
|
|
|
Note: Principal Prepayment Amount listed here may include Principal Adjustment Amounts on the loan in addition to the Unscheduled Principal Amount. |
|
|
|||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
Page 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
08/15/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
6 |
121,098,675.76 |
1 |
1,266,377.92 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
|
4.102985% |
3.825635% |
(26) |
|
07/17/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
6 |
121,364,538.69 |
1 |
1,272,007.78 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
|
4.103031% |
3.825681% |
(25) |
|
06/17/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
6 |
121,643,259.09 |
1 |
1,277,779.75 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
|
4.103079% |
3.825729% |
(24) |
|
05/16/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
6 |
121,907,200.17 |
0 |
0.00 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
|
4.103125% |
3.825775% |
(23) |
|
04/17/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
6 |
122,184,067.11 |
0 |
0.00 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
|
4.103172% |
3.825822% |
(22) |
|
03/17/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
6 |
122,446,099.74 |
0 |
0.00 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
|
4.103216% |
3.825866% |
(21) |
|
02/18/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
6 |
122,748,972.41 |
0 |
0.00 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
|
4.103267% |
3.825917% |
(20) |
|
01/17/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
6 |
123,009,011.51 |
0 |
0.00 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
|
4.103310% |
3.825960% |
(19) |
|
12/17/24 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
6 |
123,268,133.05 |
0 |
0.00 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
|
4.103353% |
3.826003% |
(18) |
|
11/18/24 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
6 |
123,540,351.90 |
0 |
0.00 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
|
4.103398% |
3.826048% |
(17) |
|
10/18/24 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
6 |
123,797,598.56 |
0 |
0.00 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
|
4.103439% |
3.826089% |
(16) |
|
09/17/24 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
6 |
124,068,009.25 |
0 |
0.00 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
|
4.103483% |
3.826133% |
(15) |
|
Note: 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 |
|
|
1A |
1340373 |
04/01/25 |
3 |
5 |
|
96,390.86 |
387,580.24 |
2,598,961.46 |
22,097,994.29 |
06/19/20 |
13 |
|
|
12/28/20 |
|
|
1B |
453000180 |
04/01/25 |
3 |
5 |
|
219,018.50 |
880,656.76 |
16,935.07 |
50,210,875.73 |
06/19/20 |
13 |
|
|
12/28/20 |
|
|
1C |
453000182 |
04/01/25 |
3 |
5 |
|
3,284.30 |
13,205.94 |
0.00 |
752,939.44 |
06/19/20 |
13 |
|
|
12/28/20 |
|
|
1D |
453000184 |
04/01/25 |
3 |
5 |
|
93,684.75 |
71,757.26 |
0.00 |
8,362,059.86 |
06/19/20 |
13 |
|
|
12/28/20 |
|
|
1E |
453000186 |
04/01/25 |
3 |
5 |
|
58,993.55 |
45,185.13 |
0.00 |
5,265,631.33 |
06/19/20 |
13 |
|
|
12/28/20 |
|
|
6 |
300681006 |
07/01/25 |
0 |
5 |
|
221,095.48 |
221,095.48 |
688,745.69 |
35,236,710.02 |
06/05/23 |
2 |
|
|
12/05/23 |
|
|
38 |
300681038 |
12/01/24 |
7 |
5 |
|
9,821.58 |
81,323.80 |
92,702.01 |
1,311,615.03 |
07/25/23 |
7 |
|
|
|
02/04/25 |
|
Totals |
|
|
|
|
|
702,289.01 |
1,700,804.61 |
3,397,344.23 |
123,237,825.70 |
|
|
|
|
|
|
|
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 |
|
122,365,054 |
0 |
0 |
|
|
122,365,054 |
|
|
0 - 6 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
7 - 12 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
13 - 24 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
25 - 36 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
37 - 48 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
49 - 60 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
> 60 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
|
||||||||
|
|
||||||||
|
|
||||||||
|
|
||||||||
|
Historical Delinquency Information |
|
|
|
|
|
|
||
|
|
||||||||
|
|
Total |
Current |
30-59 Days |
60-89 Days |
90+ Days |
REO/Foreclosure |
|
|
|
|
||||||||
|
Aug-25 |
122,365,054 |
0 |
0 |
0 |
85,945,609 |
36,419,445 |
|
|
|
Jul-25 |
122,636,546 |
0 |
0 |
0 |
86,127,829 |
36,508,718 |
|
|
|
Jun-25 |
122,921,039 |
0 |
0 |
0 |
86,318,785 |
36,602,253 |
|
|
|
May-25 |
123,190,564 |
0 |
0 |
0 |
87,783,117 |
35,407,448 |
|
|
|
Apr-25 |
123,473,159 |
0 |
0 |
0 |
87,978,593 |
35,494,566 |
|
|
|
Mar-25 |
123,740,731 |
0 |
0 |
0 |
88,163,854 |
35,576,877 |
|
|
|
Feb-25 |
124,049,623 |
0 |
0 |
0 |
88,377,285 |
35,672,339 |
|
|
|
Jan-25 |
124,315,155 |
0 |
0 |
0 |
88,561,201 |
35,753,955 |
|
|
|
Dec-24 |
124,579,748 |
1,311,615 |
0 |
0 |
87,432,880 |
35,835,253 |
|
|
|
Nov-24 |
124,857,586 |
0 |
0 |
0 |
88,936,830 |
35,920,755 |
|
|
|
Oct-24 |
125,120,259 |
36,001,402 |
0 |
0 |
89,118,857 |
0 |
|
|
|
Sep-24 |
125,396,246 |
36,086,278 |
0 |
0 |
89,309,969 |
0 |
|
|
|
(1) Maturity dates used in this chart are based on the dates provided by the Master Servicer in the Loan Periodic File. |
|
|
||||||
|
|
||||||||
|
|
||||||||
|
|
||||||||
|
|
||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
Page 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 |
1340373 |
21,908,369.01 |
22,097,994.29 |
93,500,000.00 |
09/15/24 |
9,326,385.54 |
1.05280 |
06/30/25 |
06/01/23 |
215 |
|
1B |
453000180 |
49,780,010.76 |
50,210,875.73 |
93,500,000.00 |
09/15/24 |
5,839,028.31 |
1.66020 |
06/30/25 |
06/01/23 |
215 |
|
1C |
453000182 |
746,478.41 |
752,939.44 |
93,500,000.00 |
09/15/24 |
87,559.38 |
1.66020 |
06/30/25 |
06/01/23 |
215 |
|
1D |
453000184 |
8,290,304.10 |
8,362,059.86 |
93,500,000.00 |
09/15/24 |
972,424.92 |
1.66020 |
06/30/25 |
06/01/23 |
215 |
|
1E |
453000186 |
5,220,446.40 |
5,265,631.33 |
93,500,000.00 |
09/15/24 |
612,340.81 |
1.66020 |
06/30/25 |
06/01/23 |
215 |
|
6 |
300681006 |
35,153,067.08 |
35,236,710.02 |
44,300,000.00 |
08/26/24 |
3,798,745.61 |
1.40830 |
03/31/25 |
07/01/23 |
215 |
|
38 |
300681038 |
1,266,377.92 |
1,311,615.03 |
1,330,000.00 |
10/22/24 |
188,297.65 |
1.45040 |
06/30/23 |
07/01/23 |
154 |
|
Totals |
|
122,365,053.68 |
123,237,825.70 |
513,130,000.00 |
|
20,824,782.22 |
|
|
|
|
|
|
||||||||||
|
|
||||||||||
|
|
||||||||||
|
|
||||||||||
|
© 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 |
|
1A |
1340373 |
RT |
FL |
06/19/20 |
13 |
|
|
|
7/31/2025: Transferred to Special Servicing 6/16/2020 due to imminent default. The loan was past due for the 6/1/2020 payment. The Mall reopened in late May 2020 after closing for 2.5 months due to COVID. Westfield was no longer going to |
|||||
|
|
support theasset and cooperated with foreclosure. Rents are being captured through Cash Trap. Stipulated Foreclosure and Motion for Receiver filed 12/29/2020. Appointment of JLL as Receiver 1/6/2021. Receiver is overseeing all leasing and |
|||||
|
|
management. Leasing activity cont inues to be strong. JLL continues working with tenants on outstanding AR and health ratio concerns. Receiver is assessing additional leasing and has executed a 26,000sf Entertainment Tenant. The Property |
|||||
|
|
launched to market for sale 1/18/2023. Midland anal yzed offers and got a sale approved that included a loan assumption. Midland worked to negotiate the PSA and the other documentation to close an assumption of the loan then the Buyer re- |
|||||
|
|
traded their offer and the new terms were not acceptable. Midland wor ked with a second buyer and the sale fell apart due to the buyer insisting that they be allowed to release outparcels with no pay down of the loan. The property has been |
|||||
|
|
removed from the market to focus on leasing in order to position the asset for sale in the future. Occupancy has increased to 81%. |
|
||||
|
|
||||||
|
1B |
453000180 |
Various |
Various |
06/19/20 |
13 |
|
|
|
7/31/2025: Transferred to Special Servicing 6/16/2020 due to imminent default. The loan was past due for the 6/1/2020 payment. The Mall reopened in late May 2020 after closing for 2.5 months due to COVID. Westfield was no longer going to |
|||||
|
|
support theasset and cooperated with foreclosure. Rents are being captured through Cash Trap. Stipulated Foreclosure and Motion for Receiver filed 12/29/2020. Appointment of JLL as Receiver 1/6/2021. Receiver is overseeing all leasing and |
|||||
|
|
management. Leasing activity cont inues to be strong. JLL continues working with tenants on outstanding AR and health ratio concerns. Receiver is assessing additional leasing and has executed a 26,000sf Entertainment Tenant. The Property |
|||||
|
|
launched to market for sale 1/18/2023. Midland anal yzed offers and got a sale approved that included a loan assumption. Midland worked to negotiate the PSA and the other documentation to close an assumption of the loan then the Buyer re- |
|||||
|
|
traded their offer and the new terms were not acceptable. Midland wor ked with a second buyer and the sale fell apart due to the buyer insisting that they be allowed to release outparcels with no pay down of the loan. The property has been |
|||||
|
|
removed from the market to focus on leasing in order to position the asset for sale in the future. Occupancy has increased to 81%. |
|
||||
|
|
||||||
|
1C |
453000182 |
Various |
Various |
06/19/20 |
13 |
|
|
|
7/31/2025: Transferred to Special Servicing 6/16/2020 due to imminent default. The loan was past due for the 6/1/2020 payment. The Mall reopened in late May 2020 after closing for 2.5 months due to COVID. Westfield was no longer going to |
|||||
|
|
support theasset and cooperated with foreclosure. Rents are being captured through Cash Trap. Stipulated Foreclosure and Motion for Receiver filed 12/29/2020. Appointment of JLL as Receiver 1/6/2021. Receiver is overseeing all leasing and |
|||||
|
|
management. Leasing activity cont inues to be strong. JLL continues working with tenants on outstanding AR and health ratio concerns. Receiver is assessing additional leasing and has executed a 26,000sf Entertainment Tenant. The Property |
|||||
|
|
launched to market for sale 1/18/2023. Midland anal yzed offers and got a sale approved that included a loan assumption. Midland worked to negotiate the PSA and the other documentation to close an assumption of the loan then the Buyer re- |
|||||
|
|
traded their offer and the new terms were not acceptable. Midland wor ked with a second buyer and the sale fell apart due to the buyer insisting that they be allowed to release outparcels with no pay down of the loan. The property has been |
|||||
|
|
removed from the market to focus on leasing in order to position the asset for sale in the future. Occupancy has increased to 81%. |
|
||||
|
|
||||||
|
1D |
453000184 |
Various |
Various |
06/19/20 |
13 |
|
|
|
7/31/2025: Transferred to Special Servicing 6/16/2020 due to imminent default. The loan was past due for the 6/1/2020 payment. The Mall reopened in late May 2020 after closing for 2.5 months due to COVID. Westfield was no longer going to |
|||||
|
|
support theasset and cooperated with foreclosure. Rents are being captured through Cash Trap. Stipulated Foreclosure and Motion for Receiver filed 12/29/2020. Appointment of JLL as Receiver 1/6/2021. Receiver is overseeing all leasing and |
|||||
|
|
management. Leasing activity cont inues to be strong. JLL continues working with tenants on outstanding AR and health ratio concerns. Receiver is assessing additional leasing and has executed a 26,000sf Entertainment Tenant. The Property |
|||||
|
|
launched to market for sale 1/18/2023. Midland anal yzed offers and got a sale approved that included a loan assumption. Midland worked to negotiate the PSA and the other documentation to close an assumption of the loan then the Buyer re- |
|||||
|
|
traded their offer and the new terms were not acceptable. Midland wor ked with a second buyer and the sale fell apart due to the buyer insisting that they be allowed to release outparcels with no pay down of the loan. The property has been |
|||||
|
|
removed from the market to focus on leasing in order to position the asset for sale in the future. Occupancy has increased to 81%. |
|
||||
|
|
||||||
|
1E |
453000186 |
Various |
Various |
06/19/20 |
13 |
|
|
|
7/31/2025: Transferred to Special Servicing 6/16/2020 due to imminent default. The loan was past due for the 6/1/2020 payment. The Mall reopened in late May 2020 after closing for 2.5 months due to COVID. Westfield was no longer going to |
|||||
|
|
support theasset and cooperated with foreclosure. Rents are being captured through Cash Trap. Stipulated Foreclosure and Motion for Receiver filed 12/29/2020. Appointment of JLL as Receiver 1/6/2021. Receiver is overseeing all leasing and |
|||||
|
|
management. Leasing activity cont inues to be strong. JLL continues working with tenants on outstanding AR and health ratio concerns. Receiver is assessing additional leasing and has executed a 26,000sf Entertainment Tenant. The Property |
|||||
|
|
launched to market for sale 1/18/2023. Midland anal yzed offers and got a sale approved that included a loan assumption. Midland worked to negotiate the PSA and the other documentation to close an assumption of the loan then the Buyer re- |
|||||
|
|
traded their offer and the new terms were not acceptable. Midland wor ked with a second buyer and the sale fell apart due to the buyer insisting that they be allowed to release outparcels with no pay down of the loan. The property has been |
|||||
|
|
removed from the market to focus on leasing in order to position the asset for sale in the future. Occupancy has increased to 81%. |
|
||||
|
|
||||||
|
6 |
300681006 |
MU |
NJ |
06/05/23 |
2 |
|
|
|
7/29/2025 - Loan transferred to Special Servicing on 6/1/2023 for imminent maturity default. The loan matured on 7/1/2023. The Subject Property Bridgewater Campus is a 8-building campus of mixed-use properties consisting of 446,649 sf, |
|||||
|
|
constructed mostly between 1956-1962.Trident Pacific was appointed as the Receiver on 6/19/2024. The Special Servicing filed foreclosure on 12/5/2023. The court issued a final judgment of foreclosure in April of 2025 and local counsel is |
|||||
|
|
moving forward with the foreclosure sale which has been scheduled for August. Due to additional environmental reporting in the state of New Jersey, the foreclosure sale has been postponed to November, 2025. |
|||||
|
|
||||||
|
|
||||||
|
© 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 |
|
|
38 |
300681038 |
RT |
TX |
07/25/23 |
7 |
|
|
|
|
|
07/30/2025 - The loan transferred to Special Servicing on 7/25/2023 due to a maturity default effective 7/2/2023. Loan Collateral consists of the leasehold interest in a 14,490 sq ft building currently operated by Dollar Tree (Walgreens ceased |
|||||||
|
|
operations in 2019 and subleased to Dollar Tree). Walgreens ground lease commenced January 1, 2010 and expires December 31, 2070. Walgreen's lease provides for a termination option on April 30, 2035, which is the same date that Dollar |
|||||||
|
|
Tree's ground leaseexpires. Bo rrower initially planned to move forward with a full payoff; however financing with its Lender ultimately fell through. Thereafter Midland engaged counsel to proceed filing a foreclosure notice while discussions |
|||||||
|
|
continued with Borrower on potential resol utions. Ultimately, negotiations fell through and Lender's counsel has continued to post foreclosure notices. Lender received a clean Phase I and moved forward with taking title to the property through |
|||||||
|
|
foreclosure on 02/04. Midlandhas started receiving the rental payments from Walgreens. A broker has been selected to market the property and Lender's counsel is in the process of drafting the Listing Agreement to be executed by broker. |
|||||||
|
|
||||||||
|
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 |
||
|
|
|
|
|
|
|
Modification |
Modification Booking |
Closing |
Effective |
|
|
|
Balance |
Rate |
Balance |
Rate |
|
|
|
|
|
Pros ID |
Loan Number |
|
|
|
|
Code¹ |
Date |
Date |
Date |
|
29 |
300681029 |
0.00 |
5.14000% |
0.00 |
5.14000% |
10 |
06/16/20 |
04/01/20 |
07/13/20 |
|
36 |
300681036 |
0.00 |
5.20500% |
0.00 |
5.20500% |
9 |
03/19/21 |
07/01/20 |
07/12/21 |
|
36 |
300681036 |
0.00 |
5.20500% |
0.00 |
5.20500% |
9 |
06/04/21 |
07/01/20 |
07/12/21 |
|
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: 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 |
|
2 |
300681002 10/17/23 |
80,910,809.67 |
29,190,000.00 |
18,405,590.24 |
7,841,829.03 |
18,405,590.24 |
10,563,761.21 |
70,347,048.46 |
0.00 |
9,000.00 |
70,338,048.46 |
74.04% |
|
3 |
300681003 11/19/18 |
58,613,585.93 |
0.00 |
18,013,880.13 |
5,505,231.42 |
18,013,880.13 |
12,508,648.71 |
46,104,937.22 |
0.00 |
615,261.33 |
45,489,675.89 |
53.51% |
|
22 |
300681022 02/15/19 |
8,251,983.11 |
12,900,000.00 |
9,853,194.84 |
430,709.84 |
9,853,194.84 |
9,422,485.00 |
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 |
147,776,378.71 |
42,090,000.00 |
46,272,665.21 |
13,777,770.29 |
46,272,665.21 |
32,494,894.92 |
116,451,985.68 |
0.00 |
624,261.33 |
115,827,724.35 |
|
|
|
|
||||||||||||
|
* 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 |
11/17/23 |
0.00 |
2,324,264.98 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
02/15/19 |
0.00 |
10,576.45 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
2 |
300681002 |
09/17/24 |
0.00 |
0.00 |
70,338,048.46 |
0.00 |
0.00 |
(9,000.00) |
0.00 |
0.00 |
64,043,444.34 |
|
|
|
10/17/23 |
0.00 |
0.00 |
70,347,048.46 |
0.00 |
0.00 |
70,347,048.46 |
0.00 |
(6,294,604.12) |
|
|
3 |
300681003 |
02/18/20 |
0.00 |
0.00 |
45,489,675.89 |
0.00 |
0.00 |
(55,536.33) |
0.00 |
0.00 |
45,489,675.89 |
|
|
|
12/17/19 |
0.00 |
0.00 |
45,545,212.22 |
0.00 |
0.00 |
(64,725.00) |
0.00 |
0.00 |
|
|
|
|
07/17/19 |
0.00 |
0.00 |
45,609,937.22 |
0.00 |
0.00 |
(495,000.00) |
0.00 |
0.00 |
|
|
|
|
11/19/18 |
0.00 |
0.00 |
46,104,937.22 |
0.00 |
0.00 |
46,104,937.22 |
0.00 |
0.00 |
|
|
22 |
300681022 |
02/15/19 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Current Period Totals |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
Cumulative Totals |
|
0.00 |
2,334,841.43 |
115,827,724.35 |
0.00 |
0.00 |
115,827,724.35 |
0.00 |
(6,294,604.12) |
109,533,120.23 |
|
|
|
|||||||||||
|
|
|||||||||||
|
|
|||||||||||
|
|
|||||||||||
|
© 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) |
|
1A |
0.00 |
0.00 |
(38,125.21) |
0.00 |
0.00 |
23,519.09 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
1B |
0.00 |
0.00 |
(70,328.25) |
0.00 |
0.00 |
53,439.87 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
1C |
0.00 |
0.00 |
(1,137.68) |
0.00 |
0.00 |
801.36 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
1D |
0.00 |
0.00 |
(3,484.48) |
0.00 |
0.00 |
(48,309.85) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
1E |
0.00 |
0.00 |
(2,194.19) |
0.00 |
0.00 |
(30,420.75) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
6 |
0.00 |
0.00 |
7,585.68 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
38 |
0.00 |
0.00 |
273.84 |
0.00 |
0.00 |
879.32 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total |
0.00 |
0.00 |
(107,410.29) |
0.00 |
0.00 |
(90.96) |
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 |
(107,501.25) |
||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
|
Page 27 of 28 |
|||
|
|
Supplemental Notes |
|
|
|
None |
|
|
|
||
|
|
||
|
|
||
|
|
||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
Page 28 of 28 |