Distribution Date:

02/18/26

Benchmark 2025-V17 Mortgage Trust

Determination Date:

02/11/26

 

Next Distribution Date:

03/17/26

 

Record Date:

01/30/26

Commercial Mortgage Pass-Through Certificates

 

 

Series 2025-V17

 

         

Table of Contents

 

 

Contacts

 

 

Section

Pages

Role

Party and Contact Information

 

 

Certificate Distribution Detail

2

Depositor

Deutsche Mortgage & Asset Receiving Corporation

 

 

Certificate Factor Detail

3

 

Attention: Lainie Kaye

cmbs.requests@db.com

 

Certificate Interest Reconciliation Detail

4

 

1 Columbus Circle | New York, NY 10019 | United States

 

 

 

Master Servicer

Trimont LLC

 

Additional Information

5

 

 

 

 

 

 

Attention: CMBS Servicing

commercial.servicing@trimont.com

Bond / Collateral Reconciliation - Cash Flows

6

 

 

 

 

 

 

One South, 101 South Tryon Street, Suite 1400 | Charlotte, NC 28280 | United States

 

Bond / Collateral Reconciliation - Balances

7

Special Servicer

Greystone Servicing Company LLC

 

Current Mortgage Loan and Property Stratification

8-12

 

Attention: Amy Dixon, General Counsel

amy.dixon@greyco.com

Mortgage Loan Detail (Part 1)

13-14

 

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

 

 

Mortgage Loan Detail (Part 2)

15-16

Certificate Administrator

Computershare Trust Company, N.A.

 

 

Principal Prepayment Detail

17

 

Corporate Trust Services (CMBS)

cctcmbsbondadmin@computershare.com;

 

 

 

 

trustadministrationgroup@computershare.com

Historical Detail

18

 

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

 

Delinquency Loan Detail

19

Trustee

Computershare Trust Company, N.A.

 

Collateral Stratification and Historical Detail

20

 

Corporate Trust Services (CMBS)

cctcmbsbondadmin@computershare.com;

 

Specially Serviced Loan Detail - Part 1

21

 

 

trustadministrationgroup@computershare.com

 

 

 

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

 

Specially Serviced Loan Detail - Part 2

22

 

 

 

 

 

Operating Advisor & Asset

Park Bridge Lender Services LLC

 

Modified Loan Detail

23

Representations Reviewer

 

 

 

Historical Liquidated Loan Detail

24

 

Attention: BMARK 2025-V17 – Surveillance Manager

cmbs.notices@parkbridgefinancial.com

 

 

 

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

 

Historical Bond / Collateral Loss Reconciliation Detail

25

 

 

 

 

 

Directing Holder

400 Capital Management LLC

 

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-2

081934AQ4

4.357110%

100,000,000.00

99,999,999.97

0.00

363,092.50

0.00

0.00

363,092.50

99,999,999.97

30.00%

30.00%

A-3

081934AR2

5.074600%

340,298,000.00

340,298,000.00

0.00

1,439,063.53

0.00

0.00

1,439,063.53

340,298,000.00

30.00%

30.00%

A-M

081934AU5

5.424510%

48,747,000.00

48,747,000.00

0.00

220,357.16

0.00

0.00

220,357.16

48,747,000.00

22.25%

22.25%

B

081934AV3

5.787800%

33,809,000.00

33,809,000.00

0.00

163,066.45

0.00

0.00

163,066.45

33,809,000.00

16.88%

16.88%

C

081934AW1

5.872800%

25,946,000.00

25,946,000.00

0.00

126,979.73

0.00

0.00

126,979.73

25,946,000.00

12.75%

12.75%

D

081934AC5

4.500000%

15,725,000.00

15,725,000.00

0.00

58,968.75

0.00

0.00

58,968.75

15,725,000.00

10.25%

10.25%

E

081934AE1

6.473800%

6,290,000.00

6,290,000.00

0.00

33,933.50

0.00

0.00

33,933.50

6,290,000.00

9.25%

9.25%

F-RR

081934AG6

6.473800%

18,084,000.00

18,084,000.00

0.00

97,560.17

0.00

0.00

97,560.17

18,084,000.00

6.38%

6.38%

G-RR

081934AJ0

6.473800%

11,007,000.00

11,007,000.00

0.00

59,380.93

0.00

0.00

59,380.93

11,007,000.00

4.63%

4.63%

J-RR*

081934AL5

6.473800%

29,092,000.00

29,092,000.00

0.00

156,946.50

0.00

0.00

156,946.50

29,092,000.00

0.00%

0.00%

R

081934AN1

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

628,998,000.00

628,997,999.97

0.00

2,719,349.22

0.00

0.00

2,719,349.22

628,997,999.97

 

 

 

 

X-A

081934AS0

1.511035%

489,045,000.00

489,044,999.97

0.00

615,803.25

0.00

0.00

615,803.25

489,044,999.97

 

 

X-B

081934AT8

0.649092%

59,755,000.00

59,755,000.00

0.00

32,322.10

0.00

0.00

32,322.10

59,755,000.00

 

 

X-D

081934AA9

1.973800%

15,725,000.00

15,725,000.00

0.00

25,865.01

0.00

0.00

25,865.01

15,725,000.00

 

 

Notional SubTotal

 

564,525,000.00

564,524,999.97

0.00

673,990.36

0.00

0.00

673,990.36

564,524,999.97

 

 

 

Deal Distribution Total

 

 

 

0.00

3,393,339.58

0.00

0.00

3,393,339.58

 

 

 

 

*

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 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-2

081934AQ4

999.99999970

0.00000000

3.63092500

0.00000000

0.00000000

0.00000000

0.00000000

3.63092500

999.99999970

A-3

081934AR2

1,000.00000000

0.00000000

4.22883335

0.00000000

0.00000000

0.00000000

0.00000000

4.22883335

1,000.00000000

A-M

081934AU5

1,000.00000000

0.00000000

4.52042505

0.00000000

0.00000000

0.00000000

0.00000000

4.52042505

1,000.00000000

B

081934AV3

1,000.00000000

0.00000000

4.82316691

0.00000000

0.00000000

0.00000000

0.00000000

4.82316691

1,000.00000000

C

081934AW1

1,000.00000000

0.00000000

4.89400023

0.00000000

0.00000000

0.00000000

0.00000000

4.89400023

1,000.00000000

D

081934AC5

1,000.00000000

0.00000000

3.75000000

0.00000000

0.00000000

0.00000000

0.00000000

3.75000000

1,000.00000000

E

081934AE1

1,000.00000000

0.00000000

5.39483307

0.00000000

0.00000000

0.00000000

0.00000000

5.39483307

1,000.00000000

F-RR

081934AG6

1,000.00000000

0.00000000

5.39483355

0.00000000

0.00000000

0.00000000

0.00000000

5.39483355

1,000.00000000

G-RR

081934AJ0

1,000.00000000

0.00000000

5.39483329

0.00000000

0.00000000

0.00000000

0.00000000

5.39483329

1,000.00000000

J-RR

081934AL5

1,000.00000000

0.00000000

5.39483363

0.00000000

0.13988175

0.00000000

0.00000000

5.39483363

1,000.00000000

R

081934AN1

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

081934AS0

999.99999994

0.00000000

1.25919547

0.00000000

0.00000000

0.00000000

0.00000000

1.25919547

999.99999994

X-B

081934AT8

1,000.00000000

0.00000000

0.54091038

0.00000000

0.00000000

0.00000000

0.00000000

0.54091038

1,000.00000000

X-D

081934AA9

1,000.00000000

0.00000000

1.64483370

0.00000000

0.00000000

0.00000000

0.00000000

1.64483370

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-2

01/01/26 - 01/30/26

30

0.00

363,092.50

0.00

363,092.50

0.00

0.00

0.00

363,092.50

0.00

 

A-3

01/01/26 - 01/30/26

30

0.00

1,439,063.53

0.00

1,439,063.53

0.00

0.00

0.00

1,439,063.53

0.00

 

X-A

01/01/26 - 01/30/26

30

0.00

615,803.25

0.00

615,803.25

0.00

0.00

0.00

615,803.25

0.00

 

X-B

01/01/26 - 01/30/26

30

0.00

32,322.10

0.00

32,322.10

0.00

0.00

0.00

32,322.10

0.00

 

X-D

01/01/26 - 01/30/26

30

0.00

25,865.01

0.00

25,865.01

0.00

0.00

0.00

25,865.01

0.00

 

A-M

01/01/26 - 01/30/26

30

0.00

220,357.16

0.00

220,357.16

0.00

0.00

0.00

220,357.16

0.00

 

B

01/01/26 - 01/30/26

30

0.00

163,066.45

0.00

163,066.45

0.00

0.00

0.00

163,066.45

0.00

 

C

01/01/26 - 01/30/26

30

0.00

126,979.73

0.00

126,979.73

0.00

0.00

0.00

126,979.73

0.00

 

D

01/01/26 - 01/30/26

30

0.00

58,968.75

0.00

58,968.75

0.00

0.00

0.00

58,968.75

0.00

 

E

01/01/26 - 01/30/26

30

0.00

33,933.50

0.00

33,933.50

0.00

0.00

0.00

33,933.50

0.00

 

F-RR

01/01/26 - 01/30/26

30

0.00

97,560.17

0.00

97,560.17

0.00

0.00

0.00

97,560.17

0.00

 

G-RR

01/01/26 - 01/30/26

30

0.00

59,380.93

0.00

59,380.93

0.00

0.00

0.00

59,380.93

0.00

 

J-RR

01/01/26 - 01/30/26

30

4,069.44

156,946.50

0.00

156,946.50

0.00

0.00

0.00

156,946.50

4,069.44

 

Totals

 

 

4,069.44

3,393,339.58

0.00

3,393,339.58

0.00

0.00

0.00

3,393,339.58

4,069.44

 

 

 

 

 

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Page 4 of 27

 


 
 

 

     

 

Additional Information

 

 

Total Available Distribution Amount (1)

3,393,339.58

 

Excess Liquidation Proceeds Reserve Account Summary

 

 

Beginning Balance

0.00

 

Deposit Amount

0.00

 

Withdrawal Amount

0.00

 

Ending Balance

0.00

 

(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

3,517,747.33

Master Servicing Fee

1,286.93

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

8,113.72

Interest Adjustments

0.00

Trustee Fee

0.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

270.82

ARD Interest

0.00

Operating Advisor Fee

1,624.91

Net Prepayment Interest Excess / (Shortfall)

0.00

Asset Representations Reviewer Fee

0.00

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

 

 

Total Interest Collected

3,517,747.33

Total Fees

11,296.39

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

0.00

Reimbursement for Interest on Advances

0.00

Unscheduled Principal Collections

 

ASER Amount

0.00

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

0.00

Collection of Principal after Maturity Date

0.00

Special Servicing Fees (Liquidation)

0.00

Recoveries From Liquidations and Insurance Proceeds

0.00

Special Servicing Fees (Work Out)

0.00

Excess of Prior Principal Amounts Paid

0.00

Legal Fees

0.00

Curtailments

0.00

Rating Agency Expenses

0.00

Principal Adjustments

0.00

Taxes Imposed on Trust Fund

0.00

 

 

Non-Recoverable Advances

0.00

 

 

Workout Delayed Reimbursement Amounts

0.00

 

 

Other Expenses

0.00

Total Principal Collected

0.00

Total Expenses/Reimbursements

0.00

 

 

 

Interest Reserve Deposit

113,111.32

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

3,393,339.58

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

0.00

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

0.00

 

 

Borrower Option Extension Fees

0.00

 

Total Other Collected

0.00

Total Payments to Certificateholders and Others

3,393,339.58

Total Funds Collected

3,517,747.33

Total Funds Distributed

3,517,747.29

 

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Page 6 of 27

 


 
 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

        Total

 

           Total

Beginning Scheduled Collateral Balance

628,997,999.97

628,997,999.97

Beginning Certificate Balance

628,997,999.97

(-) Scheduled Principal Collections

0.00

0.00

(-) Principal Distributions

0.00

(-) 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

628,997,999.97

628,997,999.97

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

628,997,999.97

628,997,999.97

Ending Certificate Balance

628,997,999.97

Ending Actual Collateral Balance

628,997,999.97

628,997,999.97

 

 

 

 

 

 

 

                       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

6.47%

 

 

 

 

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

 

9,999,999 or less

10

69,324,999.97

11.02%

53

6.3104

1.588786

1.49 or less

14

298,200,000.00

47.41%

53

6.6866

1.375624

10,000,000 to 19,999,999

11

163,073,000.00

25.93%

54

6.5275

1.877231

1.50 to 1.99

9

158,369,999.97

25.18%

54

6.9852

1.798679

20,000,000 to 29,999,999

5

116,100,000.00

18.46%

54

5.9813

2.123307

2.00 to 2.49

4

62,328,000.00

9.91%

54

6.5907

2.260608

30,000,000 to 39,999,999

2

60,000,000.00

9.54%

54

6.7025

1.614295

2.50 or greater

5

110,100,000.00

17.50%

54

5.2148

2.824488

40,000,000 to 49,999,999

0

0.00

0.00%

0

0.0000

0.000000

Totals

32

628,997,999.97

100.00%

54

6.4947

1.823445

50,000,000 to 59,999,999

2

100,500,000.00

15.98%

53

5.8491

1.945587

 

 

 

 

 

 

 

 

60,000,000 or greater

2

120,000,000.00

19.08%

54

7.4900

1.598082

 

 

 

 

 

 

 

 

Totals

32

628,997,999.97

100.00%

54

6.4947

1.823445

 

 

 

 

 

 

 

(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

 

 

 

 

 

         State³

 

 

 

 

# Of

       Scheduled

% Of

 

 

Weighted Avg

 

# Of

     Scheduled

% Of

 

 

Weighted Avg

State

 

 

 

WAM²

WAC

 

State

 

 

 

WAM²

WAC

 

 

Properties

      Balance

Agg. Bal.

 

 

DSCR¹

 

Properties

     Balance

Agg. Bal.

 

 

DSCR¹

Alabama

2

284,737.07

0.05%

53

5.3757

1.961975

New Jersey

3

87,000,000.00

13.83%

53

7.3405

1.499067

Alaska

1

9,625,000.00

1.53%

55

5.9710

1.874880

New York

25

215,144,849.14

34.20%

54

6.0928

1.701970

Arizona

1

144,284.48

0.02%

53

5.3757

1.961975

North Carolina

1

29,146.55

0.00%

53

5.3757

1.961975

Arkansas

1

33,008.62

0.01%

53

5.3757

1.961975

North Dakota

1

19,461.21

0.00%

53

5.3757

1.961975

California

4

60,000,000.01

9.54%

54

7.2150

1.760000

Ohio

7

14,614,672.41

2.32%

54

6.7027

2.113354

Colorado

6

554,991.38

0.09%

53

5.3757

1.961975

Oklahoma

3

172,893.97

0.03%

53

5.3757

1.961975

Connecticut

3

3,564,387.93

0.57%

49

7.3428

1.732835

South Carolina

7

1,066,051.72

0.17%

53

5.3757

1.961975

Delaware

1

22,500,000.00

3.58%

54

6.6500

1.305468

South Dakota

1

98,663.79

0.02%

53

5.3757

1.961975

Florida

8

991,827.58

0.16%

53

5.3757

1.961975

Texas

3

50,607,112.07

8.05%

52

6.3579

1.397860

Georgia

1

14,844.83

0.00%

53

5.3757

1.961975

Utah

2

129,982.76

0.02%

53

5.3757

1.961975

Hawaii

35

1,249,825.85

0.20%

53

5.3757

1.961975

Virginia

2

65,190,000.00

10.36%

53

7.2164

1.832039

Idaho

2

18,029,146.55

2.87%

55

6.3494

2.289470

Totals

145

628,997,999.97

100.00%

54

6.4947

1.823445

Illinois

6

23,911,577.58

3.80%

54

6.5704

2.513690

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

            Property Type³

 

 

 

Indiana

2

162,297.41

0.03%

53

5.3757

1.961975

 

 

 

 

 

 

 

Iowa

2

116,465.52

0.02%

53

5.3757

1.961975

 

# Of

     Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

 

 

Property Type

 

 

 

WAM²

WAC

 

Kansas

1

15,267.24

0.00%

53

5.3757

1.961975

 

Properties

     Balance

Agg. Bal.

 

 

DSCR¹

Kentucky

2

107,594.83

0.02%

53

5.3757

1.961975

Industrial

79

64,980,570.67

10.33%

54

6.3808

1.570561

Louisiana

2

80,469.82

0.01%

53

5.3757

1.961975

Lodging

8

125,518,000.01

19.96%

54

7.0043

1.980837

Maryland

1

108,439.66

0.02%

53

5.3757

1.961975

Mixed Use

1

44,600,000.00

7.09%

55

4.9355

3.290000

Massachusetts

1

44,600,000.00

7.09%

55

4.9355

3.290000

Multi-Family

21

223,908,461.54

35.60%

54

6.0778

1.652916

Michigan

2

8,421,077.59

1.34%

53

6.7123

1.261501

Office

5

102,000,000.00

16.22%

53

7.2804

1.581519

Minnesota

1

13,336.21

0.00%

53

5.3757

1.961975

Other

28

949,429.30

0.15%

53

5.3757

1.961975

Missouri

2

111,034.48

0.02%

53

5.3757

1.961975

Retail

3

67,041,538.46

10.66%

53

6.9004

1.733895

Nebraska

2

107,715.51

0.02%

53

5.3757

1.961975

Totals

145

628,997,999.97

100.00%

54

6.4947

1.823445

Nevada

1

177,836.21

0.03%

53

5.3757

1.961975

 

 

 

 

 

 

 

 

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

 

5.9999% or less

6

121,224,999.97

19.27%

54

5.2399

2.709949

12 months or less

32

628,997,999.97

100.00%

54

6.4947

1.823445

 

6.0000% to 6.4999%

11

190,755,000.00

30.33%

54

6.2926

1.497957

13 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

6.5000% to 6.9999%

8

128,328,000.00

20.40%

54

6.6588

1.678794

Totals

32

628,997,999.97

100.00%

54

6.4947

1.823445

 

7.0000% or greater

7

188,690,000.00

30.00%

53

7.3934

1.681332

 

 

 

 

 

 

 

 

Totals

32

628,997,999.97

100.00%

54

6.4947

1.823445

 

 

 

 

 

 

 

(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

 

59 months or less

32

628,997,999.97

100.00%

54

6.4947

1.823445

Interest Only

32

628,997,999.97

100.00%

54

6.4947

1.823445

 

60 months or greater

0

0.00

0.00%

0

0.0000

0.000000

358 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

32

628,997,999.97

100.00%

54

6.4947

1.823445

359 months or more

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

32

628,997,999.97

100.00%

54

6.4947

1.823445

(1)

Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document

 

is used. The debt service coverage ratio information was provided to the Certificate Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such information.

 

 

 

 

(2)

Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the Maturity Date.

 

 

 

 

 

(3)

Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off Date Balance of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances of all pooled loans as reported in the

 

CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure for the "State" and "Property" stratification tables is not equal to the sum of the scheduled balance figures for each state or property, the difference is explained by loans that have been modified into a split

 

loan structure. The "State" and "Property" stratification tables do not include the balance of the subordinate note (sometimes called the B-piece or a "hope note") of a loan that has been modified into a split-loan structure. Rather, the scheduled balance for each state or property only reflects the

 

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

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 11 of 27

 


 
 

 

                         

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

             Age of Most Recent NOI

 

 

 

 

               Remaining Stated Term (Fully Amortizing Loans)

 

 

Age of Most

# Of

      Scheduled

% Of

 

 

Weighted Avg

Age of Most

# Of

Scheduled

% Of

                          Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

                  WAM²

            WAC

 

Recent NOI

Loans

      Balance

Agg. Bal.

 

 

DSCR¹

Recent NOI

Loans

Balance

Agg. Bal.

                             DSCR¹

Underwriter's Information

32

628,997,999.97

100.00%

54

6.4947

1.823445

 

 

No outstanding loans in this group

 

 

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

13 months to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

25 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

32

628,997,999.97

100.00%

54

6.4947

1.823445

 

 

 

 

 

(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

656121065

MF

New York

NY

Actual/360

5.333%

229,615.28

0.00

0.00

N/A

08/06/30

--

50,000,000.00

50,000,000.00

02/06/26

1A

656121070

 

 

 

Actual/360

5.333%

45,923.06

0.00

0.00

N/A

08/06/30

--

10,000,000.00

10,000,000.00

02/06/26

2

330270002

LO

Various

CA

Actual/360

7.215%

372,775.00

0.00

0.00

N/A

08/06/30

--

60,000,000.00

60,000,000.00

02/06/26

3

330270003

OF

Warren

NJ

Actual/360

7.765%

401,191.67

0.00

0.00

N/A

07/06/30

--

60,000,000.00

60,000,000.00

02/06/26

4

330270004

MF

Houston

TX

Actual/360

6.360%

276,571.67

0.00

0.00

N/A

06/06/30

--

50,500,000.00

50,500,000.00

02/06/26

5

330270005

RT

Springfield

VA

Actual/360

7.115%

183,804.17

0.00

0.00

N/A

07/06/30

--

30,000,000.00

30,000,000.00

02/06/26

5A

330270105

 

 

 

Actual/360

7.115%

98,028.89

0.00

0.00

N/A

07/06/30

--

16,000,000.00

16,000,000.00

02/06/26

5B

330270205

 

 

 

Actual/360

7.115%

24,507.22

0.00

0.00

N/A

07/06/30

--

4,000,000.00

4,000,000.00

02/06/26

6

330371003

MU

Boston

MA

Actual/360

4.936%

89,251.02

0.00

0.00

N/A

09/01/30

--

21,000,000.00

21,000,000.00

02/01/26

6A

330371006

 

 

 

Actual/360

4.936%

100,301.14

0.00

0.00

N/A

09/01/30

--

23,600,000.00

23,600,000.00

02/01/26

7

330270007

Various      Various

NY

Actual/360

6.290%

162,491.67

0.00

0.00

N/A

08/06/30

--

30,000,000.00

30,000,000.00

02/06/26

8

330270008

IN

Brooklyn

NY

Actual/360

6.680%

161,062.22

0.00

0.00

N/A

08/06/30

--

28,000,000.00

28,000,000.00

02/06/26

9

330270009

MF

Wilmington

DE

Actual/360

6.650%

128,843.75

0.00

0.00

N/A

08/06/30

--

22,500,000.00

22,500,000.00

02/06/26

10

330270010

OF

New York

NY

Actual/360

6.554%

118,518.17

0.00

0.00

N/A

07/06/30

--

21,000,000.00

21,000,000.00

02/06/26

11

330270011

LO

Itasca

IL

Actual/360

6.690%

105,584.55

0.00

0.00

N/A

08/06/30

--

18,328,000.00

18,328,000.00

02/06/26

12

330270012

LO

Meridian

ID

Actual/360

6.351%

98,440.50

0.00

0.00

N/A

09/06/30

--

18,000,000.00

18,000,000.00

02/06/26

13

330100003

MF

Bronx

NY

Actual/360

6.300%

47,468.75

0.00

0.00

N/A

07/06/30

--

8,750,000.00

8,750,000.00

02/06/26

13A

330100103

 

 

 

Actual/360

6.300%

47,468.75

0.00

0.00

N/A

07/06/30

--

8,750,000.00

8,750,000.00

02/06/26

14

330270014

RT

New York

NY

Actual/360

6.270%

89,086.25

0.00

0.00

N/A

08/06/30

--

16,500,000.00

16,500,000.00

02/06/26

15

330270015

LO

Fairfax

VA

Actual/360

7.550%

98,756.10

0.00

0.00

N/A

09/06/30

--

15,190,000.00

15,190,000.00

02/06/26

16

330270016

MF

Edgewater

NJ

Actual/360

6.235%

80,535.42

0.00

0.00

N/A

09/06/30

--

15,000,000.00

15,000,000.00

02/06/26

17

330270017

MF

Brooklyn

NY

Actual/360

6.190%

79,954.17

0.00

0.00

N/A

08/06/30

--

15,000,000.00

15,000,000.00

02/06/26

18

330270018

LO

North Olmsted

OH

Actual/360

6.761%

81,507.61

0.00

0.00

N/A

08/06/30

--

14,000,000.00

14,000,000.00

02/06/26

19

330270019

IN

Peekskill

NY

Actual/360

6.280%

70,598.54

0.00

0.00

N/A

08/06/30

--

13,055,000.00

13,055,000.00

02/06/26

20

330270020

OF

Parsippany

NJ

Actual/360

6.600%

68,200.00

0.00

0.00

N/A

08/06/30

--

12,000,000.00

12,000,000.00

02/06/26

21

330270021

MF

Brooklyn

NY

Actual/360

6.190%

51,703.69

0.00

0.00

N/A

08/06/30

--

9,700,000.00

9,700,000.00

01/06/26

22

330270022

IN

Anchorage

AK

Actual/360

5.971%

49,488.81

0.00

0.00

N/A

09/06/30

--

9,625,000.00

9,625,000.00

02/06/26

23

330100102

IN

Detroit

MI

Actual/360

6.740%

47,882.08

0.00

0.00

N/A

07/06/30

--

8,250,000.00

8,250,000.00

02/06/26

 

 

 

 

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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

24

330270024

Various      Various

Various

Actual/360

5.376%

32,403.80

0.00

0.00

N/A

07/09/30

--

6,999,999.97

6,999,999.97

02/09/26

25

330270025

OF

Arlington Heights

IL

Actual/360

6.190%

29,316.53

0.00

0.00

N/A

07/06/30

--

5,500,000.00

5,500,000.00

02/06/26

26

330270026

MF

Far Rockaway

NY

Actual/360

6.620%

24,227.36

0.00

0.00

N/A

09/06/30

--

4,250,000.00

4,250,000.00

02/06/26

27

330270027

OF

Stamford

CT

Actual/360

7.379%

22,239.49

0.00

0.00

N/A

03/06/30

--

3,500,000.00

3,500,000.00

02/06/26

Totals

 

 

 

 

 

 

3,517,747.33

0.00

0.00

 

 

 

628,997,999.97

628,997,999.97

 

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

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

1A

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

2

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

3

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

4

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5A

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5B

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6A

0.00

0.00

--

--

--

 

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

 

 

8

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

9

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

12,948.41

0.00

 

 

10

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

11

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

12

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

13

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

13A

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

14

0.00

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

 

 

16

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

17

0.00

0.00

--

--

--

 

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

 

 

19

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

20

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

21

0.00

0.00

--

--

--

 

0.00

0.00

51,682.81

51,682.81

5,408.46

0.00

 

 

22

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

23

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

 

 

 

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Page 15 of 27

 


 
 

 

                           

 

 

 

 

 

Mortgage Loan Detail (Part 2)

 

 

 

 

 

 

 

 

 

Most Recent             Most Recent        Appraisal

 

 

 

 

     Cumulative

      Current

 

 

 

          Most Recent

        Most Recent

NOI Start

NOI End

Reduction

        Appraisal

       Cumulative

      Current P&I

    Cumulative P&I

      Servicer

     NRA/WODRA

 

 

Pros ID

         Fiscal NOI

        NOI

Date

Date

Date

       Reduction Amount

       ASER

       Advances

       Advances

       Advances

     from Principal

Defease Status

 

24

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

25

0.00

0.00

--

--

--

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

 

 

27

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

Totals

0.00

0.00

 

 

 

0.00

0.00

51,682.81

51,682.81

18,356.87

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

02/18/26

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.494656%

6.473800%

54

01/16/26

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.494656%

6.473800%

55

12/17/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.494656%

6.473800%

56

11/18/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.494656%

6.473800%

57

10/20/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.494656%

6.473800%

58

(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

21

330270021

01/06/26

0

B

 

51,682.81

51,682.81

5,408.46

9,700,000.00

 

 

 

 

 

 

Totals

 

 

 

 

 

51,682.81

51,682.81

5,408.46

9,700,000.00

 

 

 

 

 

 

 

1 Mortgage Loan Status

 

 

 

 

 

 

2 Resolution Strategy Code

 

 

 

 

 

 

A - Payment Not Received But Still in Grace Period             0 - Current

 

4 - Performing Matured Balloon

 

1 - Modification

6 - DPO

 

 

10 - Deed in Lieu of Foreclosures

B - Late Payment But Less Than 30 days

1 - 30-59 Days Delinquent

5 - Non Performing Matured Balloon

2 - Foreclosure

7 - REO

 

 

11- Full Payoff

 

Delinquent

 

 

 

 

 

 

 

3 - Bankruptcy

8 - Resolved

 

 

12 - Reps and Warranties

 

 

 

2 - 60-89 Days Delinquent

6 - 121+ Days Delinquent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4 - Extension

9 - Pending Return to Master Servicer

13 -

TBD

 

 

 

 

3 - 90-120 Days Delinquent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5 - Note Sale

98 - Other

 

 

 

 

 

 

 

 

 

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Page 19 of 27

 


 
 

 

                 

 

 

 

 

Collateral Stratification and Historical Detail

 

Maturity Dates and Loan Status¹

 

 

 

 

 

 

 

 

 

            Total

             Performing

                         Non-Performing

            REO/Foreclosure

 

 

Past Maturity

 

0

0

 

0

 

0

 

0 - 6 Months

 

0

0

 

0

 

0

 

7 - 12 Months

 

0

0

 

0

 

0

 

13 - 24 Months

 

0

0

 

0

 

0

 

25 - 36 Months

 

0

0

 

0

 

0

 

37 - 48 Months

 

0

0

 

0

 

0

 

49 - 60 Months

 

     628,998,000

    628,998,000

 

0

 

0

 

> 60 Months

 

0

0

 

0

 

0

 

 

 

 

 

Historical Delinquency Information

 

 

 

 

 

 

 

 

      Total

    Current

        30-59 Days

       60-89 Days

  90+ Days

 

         REO/Foreclosure

 

 

Feb-26

628,998,000

628,998,000

0

0

0

 

0

 

Jan-26

628,998,000

628,998,000

0

0

0

 

0

 

Dec-25

628,998,000

628,998,000

0

0

0

 

0

 

Nov-25

628,998,000

628,998,000

0

0

0

 

0

 

Oct-25

628,998,000

628,998,000

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

 

 

 

 

No specially serviced loans this period

 

 

 

 

 

 

 

 

 

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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

 

 

 

 

 

 

No specially serviced loans this period

 

 

1 Property Type Codes

 

 

 

 

2 Resolution Strategy Code

 

 

HC - Health Care

 

MU - Mixed Use

WH - Warehouse

1 - Modification

6 - DPO

10 - Deed in Lieu of Foreclosures

MF - Multi-Family

 

SS - Self Storage

LO - Lodging

2 - Foreclosure

7 - REO

11- Full Payoff

RT - Retail

 

SF - Single Family Rental

98 - Other

3 - Bankruptcy

8 - Resolved

12 - Reps and Warranties

IN - Industrial

 

OF - Office

 

MH - Mobile Home Park

4 - Extension

9 - Pending Return to Master Servicer

13 - TBD

SE - Securities

 

CH - Cooperative Housing

ZZ - Missing Information/Undefined

5 - Note Sale

98 - Other

 

 

 

 

 

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Page 22 of 27

 


 
 

 

                 

 

 

 

 

Modified Loan Detail

 

 

 

 

 

 

                     Pre-Modification

            Post-Modification

 

Modification

Modification

 

 

 

 

 

                    Modification

Modification Booking

Closing

Effective

 

 

Balance

Rate

Balance

Rate

 

 

 

Pros ID

Loan Number

 

 

 

                     Code¹

Date

Date

Date

 

 

 

 

No modified loans this period

 

 

 

1 Modification Codes

 

 

 

 

 

 

 

1 - Maturity Date Extension

5 - Temporary Rate Reduction

8 - Other

 

 

 

 

 

2 - Amortization Change

6 - Capitalization on Interest

9 - Combination

 

 

 

 

 

3 - Principal Write-Off

7 - Capitalization on Taxes

10 - Forbearance

 

 

 

 

 

 

Note: Please refer to Servicer Reports for modification comments.

 

 

 

 

 

 

 

 

 

 

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Page 23 of 27

 


 
 

 

                       

 

 

 

Historical Liquidated Loan Detail

 

 

 

 

 

Loan

 

Gross Sales

 

 

 

 

Current

 

Loss to Loan

Percent of

 

Beginning

Most Recent

Proceeds or

Fees,

Net Proceeds

Net Proceeds

 

Period

Cumulative

with

Original

            Loan

Scheduled

Appraised

Other

Advances,

Received on

Available for

Realized Loss

Adjustment to

Adjustment to

Cumulative

Loan

Pros ID¹             Number             Dist.Date

Balance

Value or BPO

Proceeds

and Expenses

Liquidation

Distribution

to Loan

Loan

Loan

Adjustment

Balance

 

 

 

 

No liquidated loans this period

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

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Page 24 of 27

 


 
 

 

                     

 

 

 

Historical Bond / Collateral Loss Reconciliation Detail

 

 

 

 

 

 

Certificate

Reimb of Prior

 

 

 

 

 

 

 

 

 

Interest Paid

Realized Losses

 

Loss Covered by

 

 

 

 

Total Loss

 

 

from Collateral

from Collateral

Aggregate

Credit

Loss Applied to

Loss Applied to

Non-Cash

Realized Losses

Applied to

         Loan

Distribution

Principal

Interest

Realized Loss to

Support/Deal

Certificate

Certificate

Principal

from

Certificate

Pros ID          Number

Date

Collections

Collections

Loan

Structure

Interest Payment

Balance

Adjustment

NRA/WODRA

Balance

 

 

 

 

 

No realized losses this period

 

 

 

 

 

 

 

 

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Page 25 of 27

 


 
 

 

                         

 

 

 

 

Interest Shortfall Detail - Collateral Level

 

 

 

 

 

 

 

 

 

Special Servicing Fees

 

 

 

 

 

 

Modified

 

 

Deferred

 

 

 

 

 

Non-

 

Reimbursement of

Other

Interest

 

Interest

Interest

 

 

 

 

 

Recoverable

Interest on

Advances from

Shortfalls /

Reduction /

Pros ID

Adjustments

Collected

Monthly

Liquidation

Work Out

ASER

PPIS / (PPIE)

Interest

Advances

Interest

(Refunds)

(Excess)

 

 

 

 

 

No interest shortfalls this period

 

 

 

 

 

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.

 

 

 

 

 

 

 

 

 

 

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Page 26 of 27

 


 
 

 

     

 

Supplemental Notes

 

 

None

 

 

 

 

 

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Page 27 of 27