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Distribution Date: |
03/17/26 |
Benchmark 2018-B1 Mortgage Trust |
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Determination Date: |
03/11/26 |
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Next Distribution Date: |
04/17/26 |
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Record Date: |
02/27/26 |
Commercial Mortgage Pass-Through Certificates |
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Series 2018-B1 |
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Table of Contents |
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Contacts |
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Section |
Pages |
Role |
Party and Contact Information |
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Certificate Distribution Detail |
2 |
Depositor |
Deutsche Mortgage & Asset Receiving Corporation |
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Certificate Factor Detail |
3 |
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Lainie Kaye |
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cmbs.requests@db.com |
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Certificate Interest Reconciliation Detail |
4 |
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1 Columbus Circle | New York, NY 10019 | United States |
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Master Servicer |
Trimont LLC |
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Exchangeable Certificate Detail |
5-6 |
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Attention: CMBS Servicing |
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commercial.servicing@trimont.com |
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Exchangeable Certificate Factor Detail |
7 |
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One South, 101 South Tryon Street, Suite 1400 | Charlotte, NC 28280 | United States |
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Additional Information |
8 |
Special Servicer |
LNR Partners,LLC |
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Bond / Collateral Reconciliation - Cash Flows |
9 |
|
Heather Bennett and Arne Shulkin |
|
hbennett@starwood.com; ashulkin@lnrpartners.com; |
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Bond / Collateral Reconciliation - Balances |
10 |
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lnr.cmbs.notices@lnrproperty.com |
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2340 Collins Avenue, Suite 700 | Miami Beach, FL 33139 | United States |
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Current Mortgage Loan and Property Stratification |
11-15 |
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Operating Advisor & Asset |
Park Bridge Lender Services LLC |
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Mortgage Loan Detail (Part 1) |
16-17 |
Representations Reviewer |
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Mortgage Loan Detail (Part 2) |
18-19 |
|
David Rodgers |
(212) 230-9090 |
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Principal Prepayment Detail |
20 |
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600 Third Avenue, 40th Floor | New York, NY 10016 | United States |
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Certificate Administrator |
Computershare Trust Company, N.A. as agent for Wells Fargo |
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Historical Detail |
21 |
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Bank, N.A. |
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|
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Delinquency Loan Detail |
22 |
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Corporate Trust Services (CMBS) |
|
cctcmbsbondadmin@computershare.com; |
|
Collateral Stratification and Historical Detail |
23 |
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|
trustadministrationgroup@computershare.com |
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9062 Old Annapolis Road | Columbia, MD 21045 | United States |
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Specially Serviced Loan Detail - Part 1 |
24 |
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Trustee |
Wilmington Trust, National Association |
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|
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Specially Serviced Loan Detail - Part 2 |
25-26 |
|
Attention: CMBS Trustee |
(302) 636-4140 |
CMBSTrustee@wilmingtontrust.com |
|
Modified Loan Detail |
27 |
|
1100 North Market Street | Wilmington, DE 19890 | United States |
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|
|
Historical Liquidated Loan Detail |
28 |
Rating Agency |
Standard & Poor's Ratings Services |
|
|
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Historical Bond / Collateral Loss Reconciliation Detail |
29 |
|
|
(416) 202-6001 |
|
|
Interest Shortfall Detail - Collateral Level |
30 |
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130 King Street West, Suite 2750 | Toronto, ON M5X 1E5 | Canada |
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|
Supplemental Notes |
31 |
Rating Agency |
Kroll Bond Rating Agency, Inc. |
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|
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general |
(212) 702-0707 |
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805 Third Avenue | New York, NY 10022 | United States |
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Rating Agency |
Fitch Ratings, Inc. |
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(212) 908-0500 |
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33 Whitehall Street | New York, NY 10004 | United States |
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Controlling Class |
Eightfold Real Estate Capital, L.P. |
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Representative |
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- |
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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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© 2021 Computershare. All rights reserved. Confidential. |
Page 1 of 31 |
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Certificate Distribution Detail |
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Current |
Original |
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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 |
08162PAS0 |
2.560000% |
18,703,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-2 |
08162PAT8 |
3.571000% |
157,629,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-3 |
08162PAU5 |
3.355000% |
49,272,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-SB |
08162PAV3 |
3.602000% |
40,449,000.00 |
14,109,937.59 |
872,818.85 |
42,353.33 |
0.00 |
0.00 |
915,172.18 |
13,237,118.74 |
42.07% |
30.00% |
|
A-4 |
08162PAW1 |
3.402000% |
135,000,000.00 |
49,006,963.44 |
16,577,425.63 |
138,934.74 |
0.00 |
0.00 |
16,716,360.37 |
32,429,537.81 |
42.07% |
30.00% |
|
A-5 |
08162PAX9 |
3.666000% |
387,112,000.00 |
387,112,000.00 |
0.00 |
1,182,627.16 |
0.00 |
0.00 |
1,182,627.16 |
387,112,000.00 |
42.07% |
30.00% |
|
A-M |
08162PAZ4 |
3.878000% |
97,114,000.00 |
97,114,000.00 |
0.00 |
313,840.08 |
0.00 |
0.00 |
313,840.08 |
97,114,000.00 |
29.07% |
21.38% |
|
B |
08162PBA8 |
4.059000% |
47,853,000.00 |
47,853,000.00 |
0.00 |
161,862.77 |
0.00 |
0.00 |
161,862.77 |
47,853,000.00 |
22.67% |
17.13% |
|
C |
08162PBB6 |
4.202272% |
52,075,000.00 |
52,075,000.00 |
0.00 |
182,361.09 |
0.00 |
0.00 |
182,361.09 |
52,075,000.00 |
15.70% |
12.50% |
|
D |
08162PAG6 |
2.750000% |
60,520,000.00 |
60,520,000.00 |
0.00 |
138,691.67 |
0.00 |
0.00 |
138,691.67 |
60,520,000.00 |
7.60% |
7.13% |
|
E |
08162PAJ0 |
3.000000% |
25,334,000.00 |
25,334,000.00 |
0.00 |
63,335.00 |
0.00 |
0.00 |
63,335.00 |
25,334,000.00 |
4.21% |
4.88% |
|
F-RR |
08162PAM3 |
4.202272% |
14,074,000.00 |
14,074,000.00 |
0.00 |
49,285.65 |
0.00 |
0.00 |
49,285.65 |
14,074,000.00 |
2.32% |
3.63% |
|
G-RR* |
08162PAP6 |
4.202272% |
40,816,346.00 |
33,969,685.09 |
0.00 |
622,932.12 |
0.00 |
16,613,904.67 |
622,932.12 |
17,355,780.42 |
0.00% |
0.00% |
|
S |
08162PBC4 |
0.000000% |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
0.00% |
|
R |
08162PAR2 |
0.000000% |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
0.00% |
|
VRR Interest |
N/A |
4.202272% |
40,426,661.73 |
28,047,427.01 |
626,541.40 |
116,314.00 |
0.00 |
596,513.08 |
742,855.40 |
26,824,372.53 |
0.00% |
0.00% |
|
Regular SubTotal |
|
1,166,378,007.73 |
809,216,013.13 |
18,076,785.88 |
3,012,537.61 |
0.00 |
17,210,417.75 |
21,089,323.49 |
773,928,809.50 |
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X-A |
08162PAY7 |
0.523945% |
885,279,000.00 |
547,342,901.03 |
0.00 |
238,981.10 |
0.00 |
0.00 |
238,981.10 |
529,892,656.55 |
|
|
|
X-B |
08162PAA9 |
0.143272% |
47,853,000.00 |
47,853,000.00 |
0.00 |
5,713.32 |
0.00 |
0.00 |
5,713.32 |
47,853,000.00 |
|
|
|
X-D |
08162PAC5 |
1.452272% |
60,520,000.00 |
60,520,000.00 |
0.00 |
73,242.91 |
0.00 |
0.00 |
73,242.91 |
60,520,000.00 |
|
|
|
X-E |
08162PAE1 |
1.202272% |
25,334,000.00 |
25,334,000.00 |
0.00 |
25,381.96 |
0.00 |
0.00 |
25,381.96 |
25,334,000.00 |
|
|
|
Notional SubTotal |
|
1,018,986,000.00 |
681,049,901.03 |
0.00 |
343,319.29 |
0.00 |
0.00 |
343,319.29 |
663,599,656.55 |
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Deal Distribution Total |
|
|
|
18,076,785.88 |
3,355,856.90 |
0.00 |
17,210,417.75 |
21,432,642.78 |
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* |
Denotes the Controlling Class (if required) |
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(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 |
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dividing the result by (A). |
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(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 |
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the underlying index (if and as applicable), and any other matters provided in the governing documents. |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 2 of 31 |
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Certificate Factor Detail |
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Cumulative |
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Interest Shortfalls |
Interest |
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|
Class |
CUSIP |
Beginning Balance |
Principal Distribution |
Interest Distribution |
/ (Paybacks) |
Shortfalls |
Prepayment Penalties |
Losses |
Total Distribution |
Ending Balance |
|
Regular Certificates |
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|
A-1 |
08162PAS0 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-2 |
08162PAT8 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-3 |
08162PAU5 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-SB |
08162PAV3 |
348.83279166 |
21.57825533 |
1.04707978 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
22.62533511 |
327.25453633 |
|
A-4 |
08162PAW1 |
363.01454400 |
122.79574541 |
1.02914622 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
123.82489163 |
240.21879859 |
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A-5 |
08162PAX9 |
1,000.00000000 |
0.00000000 |
3.05500000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
3.05500000 |
1,000.00000000 |
|
A-M |
08162PAZ4 |
1,000.00000000 |
0.00000000 |
3.23166670 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
3.23166670 |
1,000.00000000 |
|
B |
08162PBA8 |
1,000.00000000 |
0.00000000 |
3.38249995 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
3.38249995 |
1,000.00000000 |
|
C |
08162PBB6 |
1,000.00000000 |
0.00000000 |
3.50189323 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
3.50189323 |
1,000.00000000 |
|
D |
08162PAG6 |
1,000.00000000 |
0.00000000 |
2.29166672 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
2.29166672 |
1,000.00000000 |
|
E |
08162PAJ0 |
1,000.00000000 |
0.00000000 |
2.50000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
2.50000000 |
1,000.00000000 |
|
F-RR |
08162PAM3 |
1,000.00000000 |
0.00000000 |
3.50189356 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
3.50189356 |
1,000.00000000 |
|
G-RR |
08162PAP6 |
832.25688772 |
0.00000000 |
15.26182966 |
(12.34735466) |
65.75801028 |
0.00000000 |
407.04047026 |
15.26182966 |
425.21641746 |
|
S |
08162PBC4 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
R |
08162PAR2 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
VRR Interest |
N/A |
693.78538345 |
15.49822254 |
2.87716064 |
(0.44759817) |
2.38376398 |
0.00000000 |
14.75543749 |
18.37538318 |
663.53172342 |
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Notional Certificates |
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X-A |
08162PAY7 |
618.27164208 |
0.00000000 |
0.26995004 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.26995004 |
598.56006587 |
|
X-B |
08162PAA9 |
1,000.00000000 |
0.00000000 |
0.11939314 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.11939314 |
1,000.00000000 |
|
X-D |
08162PAC5 |
1,000.00000000 |
0.00000000 |
1.21022654 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
1.21022654 |
1,000.00000000 |
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X-E |
08162PAE1 |
1,000.00000000 |
0.00000000 |
1.00189311 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
1.00189311 |
1,000.00000000 |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 3 of 31 |
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Certificate Interest Reconciliation Detail |
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Additional |
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Accrued |
Net Aggregate |
Distributable |
Interest |
|
Interest |
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Accrual |
Prior Interest |
Certificate |
Prepayment |
Certificate |
Shortfalls / |
Payback of Prior |
Distribution |
Interest |
Cumulative |
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|
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 |
|
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A-2 |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
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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-SB |
02/01/26 - 02/28/26 |
30 |
0.00 |
42,353.33 |
0.00 |
42,353.33 |
0.00 |
0.00 |
0.00 |
42,353.33 |
0.00 |
|
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A-4 |
02/01/26 - 02/28/26 |
30 |
0.00 |
138,934.74 |
0.00 |
138,934.74 |
0.00 |
0.00 |
0.00 |
138,934.74 |
0.00 |
|
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A-5 |
02/01/26 - 02/28/26 |
30 |
0.00 |
1,182,627.16 |
0.00 |
1,182,627.16 |
0.00 |
0.00 |
0.00 |
1,182,627.16 |
0.00 |
|
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X-A |
02/01/26 - 02/28/26 |
30 |
0.00 |
238,981.10 |
0.00 |
238,981.10 |
0.00 |
0.00 |
0.00 |
238,981.10 |
0.00 |
|
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X-B |
02/01/26 - 02/28/26 |
30 |
0.00 |
5,713.32 |
0.00 |
5,713.32 |
0.00 |
0.00 |
0.00 |
5,713.32 |
0.00 |
|
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X-D |
02/01/26 - 02/28/26 |
30 |
0.00 |
73,242.91 |
0.00 |
73,242.91 |
0.00 |
0.00 |
0.00 |
73,242.91 |
0.00 |
|
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X-E |
02/01/26 - 02/28/26 |
30 |
0.00 |
25,381.96 |
0.00 |
25,381.96 |
0.00 |
0.00 |
0.00 |
25,381.96 |
0.00 |
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A-M |
02/01/26 - 02/28/26 |
30 |
0.00 |
313,840.08 |
0.00 |
313,840.08 |
0.00 |
0.00 |
0.00 |
313,840.08 |
0.00 |
|
|
B |
02/01/26 - 02/28/26 |
30 |
0.00 |
161,862.77 |
0.00 |
161,862.77 |
0.00 |
0.00 |
0.00 |
161,862.77 |
0.00 |
|
|
C |
02/01/26 - 02/28/26 |
30 |
0.00 |
182,361.09 |
0.00 |
182,361.09 |
0.00 |
0.00 |
0.00 |
182,361.09 |
0.00 |
|
|
D |
02/01/26 - 02/28/26 |
30 |
0.00 |
138,691.67 |
0.00 |
138,691.67 |
0.00 |
0.00 |
0.00 |
138,691.67 |
0.00 |
|
|
E |
02/01/26 - 02/28/26 |
30 |
0.00 |
63,335.00 |
0.00 |
63,335.00 |
0.00 |
0.00 |
0.00 |
63,335.00 |
0.00 |
|
|
F-RR |
02/01/26 - 02/28/26 |
30 |
0.00 |
49,285.65 |
0.00 |
49,285.65 |
0.00 |
0.00 |
0.00 |
49,285.65 |
0.00 |
|
|
G-RR |
02/01/26 - 02/28/26 |
30 |
3,187,975.60 |
118,958.21 |
0.00 |
118,958.21 |
(503,973.90) |
0.00 |
0.00 |
622,932.12 |
2,684,001.70 |
|
|
VRR Interest |
02/01/26 - 02/28/26 |
30 |
114,462.52 |
98,219.10 |
0.00 |
98,219.10 |
(18,094.90) |
0.00 |
0.00 |
116,314.00 |
96,367.62 |
|
|
Totals |
|
|
3,302,438.12 |
2,833,788.09 |
0.00 |
2,833,788.09 |
(522,068.80) |
0.00 |
0.00 |
3,355,856.90 |
2,780,369.32 |
|
|
|
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|
|
||||||||||||
|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 4 of 31 |
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|
|
Exchangeable Certificate Detail |
|
|
|
|
|
||
|
|
|
Pass-Through |
Maximum Initial |
|
|
|
Prepayment |
|
|
|
|
|
Class |
CUSIP |
Rate |
Balance |
Beginning Balance Principal Distribution Interest Distribution |
Penalties |
|
Losses |
Total Distribution |
Ending Balance |
||
|
Regular Interest |
|
|
|
|
|
|
|
|
|
|
|
|
V1-A1 (Cert) |
08162PBE0 |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-A1 (EC) |
N/A |
N/A |
671,520.89 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-A2 (Cert) |
08162PBF7 |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-A2 (EC) |
N/A |
N/A |
5,659,582.26 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-A3 (Cert) |
08162PBG5 |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-A3 (EC) |
N/A |
N/A |
1,769,083.97 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-ASB (Cert) |
08162PBH3 |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-ASB (EC) |
N/A |
4.202272% |
1,452,299.02 |
506,609.52 |
31,338.08 |
1,774.09 |
0.00 |
|
0.00 |
33,112.17 |
475,271.44 |
|
V1-A4 (Cert) |
08162PBJ9 |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-A4 (EC) |
N/A |
4.202272% |
4,847,100.50 |
1,759,567.98 |
595,203.32 |
6,161.82 |
0.00 |
|
0.00 |
601,365.14 |
1,164,364.66 |
|
V1-A5 (Cert) |
08162PBK6 |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-A5 (EC) |
N/A |
4.202272% |
13,899,042.74 |
13,899,042.74 |
0.00 |
48,672.96 |
0.00 |
|
0.00 |
48,672.96 |
13,899,042.74 |
|
V1-AM (Cert) |
08162PBL4 |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-AM (EC) |
N/A |
4.202272% |
3,486,824.58 |
3,486,824.58 |
0.00 |
12,210.49 |
0.00 |
|
0.00 |
12,210.49 |
3,486,824.58 |
|
V1-B (Cert) |
08162PBM2 |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-B (EC) |
N/A |
4.202272% |
1,718,135.56 |
1,718,135.56 |
0.00 |
6,016.73 |
0.00 |
|
0.00 |
6,016.73 |
1,718,135.56 |
|
V1-C (Cert) |
08162PBN0 |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-C (EC) |
N/A |
4.202272% |
1,869,724.14 |
1,869,724.14 |
0.00 |
6,547.57 |
0.00 |
|
0.00 |
6,547.57 |
1,869,724.14 |
|
V1-D (Cert) |
08162PBP5 |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-D (EC) |
N/A |
4.202272% |
2,172,937.20 |
2,172,937.20 |
0.00 |
7,609.39 |
0.00 |
|
0.00 |
7,609.39 |
2,172,937.20 |
|
V1-E (Cert) |
08162PBQ3 |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-E (EC) |
N/A |
4.202272% |
909,603.29 |
909,603.29 |
0.00 |
3,185.33 |
0.00 |
|
0.00 |
3,185.33 |
909,603.29 |
|
V1-F (Cert) |
08162PBR1 |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-F (EC) |
N/A |
4.202272% |
505,319.20 |
505,319.20 |
0.00 |
1,769.57 |
0.00 |
|
0.00 |
1,769.57 |
505,319.20 |
|
V1-G (Cert) |
08162PBS9 |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-G (EC) |
N/A |
4.202272% |
1,465,488.38 |
1,219,662.81 |
0.00 |
22,366.03 |
0.00 |
|
596,513.08 |
22,366.03 |
623,149.73 |
|
Regular Interest Total |
|
|
40,426,661.73 |
28,047,427.02 |
626,541.40 |
116,313.98 |
0.00 |
|
596,513.08 |
742,855.38 |
26,824,372.54 |
|
|
|
|
|
|
|
|
|
|
Exchangeable Certificate Detail continued to next page |
||
|
Exchangeable Certificate Details |
|
|
|
|
|
|
|
|
|
|
|
|
V1-A1 |
08162PBE0 |
N/A |
671,520.89 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-A2 |
08162PBF7 |
N/A |
5,659,582.26 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-A3 |
08162PBG5 |
N/A |
1,769,083.97 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-ASB |
08162PBH3 |
N/A |
1,452,299.02 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-A4 |
08162PBJ9 |
N/A |
4,847,100.50 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
© 2021 Computershare. All rights reserved. Confidential. |
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Page 5 of 31 |
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|
Exchangeable Certificate Detail |
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|
|
|
|
||
|
|
|
Pass-Through |
Maximum Initial |
|
|
|
Prepayment |
|
|
|
|
|
Class |
CUSIP |
Rate |
Balance |
Beginning Balance Principal Distribution Interest Distribution |
Penalties |
|
Losses |
Total Distribution |
Ending Balance |
||
|
Exchangeable Certificate Details |
|
|
|
|
|
|
|
|
|
|
|
|
V1-A5 |
08162PBK6 |
N/A |
13,899,042.74 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-AM |
08162PBL4 |
N/A |
3,486,824.58 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-B |
08162PBM2 |
N/A |
1,718,135.56 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-C |
08162PBN0 |
N/A |
1,869,724.14 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-D |
08162PBP5 |
N/A |
2,172,937.20 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-E |
08162PBQ3 |
N/A |
909,603.29 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-F |
08162PBR1 |
N/A |
505,319.20 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V1-G |
08162PBS9 |
N/A |
1,465,488.38 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
V2 |
08162PBD2 |
4.202272% |
40,426,661.73 |
28,047,427.01 |
626,541.40 |
116,314.00 |
0.00 |
|
596,513.08 |
742,855.40 |
26,824,372.53 |
|
Exchangeable Certificates Total |
|
80,853,323.46 |
28,047,427.01 |
626,541.40 |
116,314.00 |
0.00 |
|
596,513.08 |
742,855.40 |
26,824,372.53 |
|
|
|
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|
|
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|
|
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|
© 2021 Computershare. All rights reserved. Confidential. |
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|
Page 6 of 31 |
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|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
V1-A1 |
08162PBE0 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
V1-A2 |
08162PBF7 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
V1-A3 |
08162PBG5 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
V1-ASB |
08162PBH3 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
V1-A4 |
08162PBJ9 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
V1-A5 |
08162PBK6 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
V1-AM |
08162PBL4 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
V1-B |
08162PBM2 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
V1-C |
08162PBN0 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
V1-D |
08162PBP5 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
V1-E |
08162PBQ3 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
V1-F |
08162PBR1 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
V1-G |
08162PBS9 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
V2 |
08162PBD2 |
693.78538345 |
15.49822254 |
2.87716064 |
(0.44759817) |
2.38376398 |
0.00000000 |
14.75543749 |
18.37538318 |
663.53172342 |
|
|
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|
|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 7 of 31 |
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|
|
Additional Information |
|
|
Total Available Distribution Amount (1) |
21,432,642.78 |
|
|
(1) The Available Distribution Amount includes any Prepayment Premiums. |
|
|
|
|
||
|
|
||
|
|
||
|
|
||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
Page 8 of 31 |
|
Bond / Collateral Reconciliation - Cash Flows |
|
||
|
|
|||
|
Total Funds Collected |
|
Total Funds Distributed |
|
|
Interest |
|
Fees |
|
|
Interest Paid or Advanced |
2,653,743.65 |
Master Servicing Fee |
4,935.99 |
|
Interest Reductions due to Nonrecoverability Determination |
0.00 |
Certificate Administrator Fee |
3,486.34 |
|
Interest Adjustments |
0.00 |
Trustee Fee |
290.00 |
|
Deferred Interest |
0.00 |
CREFC® Intellectual Property Royalty License Fee |
314.70 |
|
ARD Interest |
0.00 |
Operating Advisor Fee |
1,227.66 |
|
Net Prepayment Interest Excess / (Shortfall) |
0.00 |
Asset Representations Reviewer Fee |
0.00 |
|
Extension Interest |
0.00 |
|
|
|
Interest Reserve Withdrawal |
190,299.13 |
|
|
|
Total Interest Collected |
2,844,042.78 |
Total Fees |
10,254.68 |
|
|
|||
|
Principal |
|
Expenses/Reimbursements |
|
|
Scheduled Principal |
798,136.67 |
Reimbursement for Interest on Advances |
(173,497.50) |
|
Unscheduled Principal Collections |
|
ASER Amount |
76,813.94 |
|
Principal Prepayments |
16,820,742.75 |
Special Servicing Fees (Monthly) |
(425,220.26) |
|
Collection of Principal after Maturity Date |
0.00 |
Special Servicing Fees (Liquidation) |
0.00 |
|
Recoveries From Liquidations and Insurance Proceeds |
(31,160.50) |
Special Servicing Fees (Work Out) |
0.00 |
|
Excess of Prior Principal Amounts Paid |
0.00 |
Legal Fees |
0.00 |
|
Curtailments |
489,066.96 |
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 |
(165.00) |
|
Total Principal Collected |
18,076,785.88 |
Total Expenses/Reimbursements |
(522,068.82) |
|
|
|||
|
|
|
Interest Reserve Deposit |
0.00 |
|
|
|||
|
Other |
|
Payments to Certificateholders and Others |
|
|
Prepayment Penalties / Yield Maintenance |
0.00 |
Interest Distribution |
3,355,856.90 |
|
Gain on Sale / Excess Liquidation Proceeds |
0.00 |
Principal Distribution |
18,076,785.88 |
|
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 |
21,432,642.78 |
|
Total Funds Collected |
20,920,828.66 |
Total Funds Distributed |
20,920,828.64 |
|
|
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|
|
|||
|
© 2021 Computershare. All rights reserved. Confidential. |
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|
Page 9 of 31 |
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|
|
Bond / Collateral Reconciliation - Balances |
|
||
|
|
|||||
|
|
|
Collateral Reconciliation |
|
Certificate Reconciliation |
|
|
|
|
|
Total |
|
Total |
|
Beginning Scheduled Collateral Balance |
809,216,013.13 |
809,216,013.13 |
Beginning Certificate Balance |
809,216,013.13 |
|
|
(-) Scheduled Principal Collections |
798,136.67 |
798,136.67 |
(-) Principal Distributions |
18,076,785.88 |
|
|
(-) Unscheduled Principal Collections |
17,309,809.71 |
17,309,809.71 |
(-) Realized Losses |
17,210,417.75 |
|
|
(-) Principal Adjustments (Cash) |
0.00 |
0.00 |
Realized Loss and Realized Loss Adjustments on Collateral |
17,210,417.75 |
|
|
(-) Principal Adjustments (Non-Cash) |
0.00 |
0.00 |
Current Period NRA¹ |
0.00 |
|
|
(-) Realized Losses from Collateral |
17,210,417.75 |
17,210,417.75 |
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 |
773,928,809.50 |
773,928,809.50 |
Certificate Other Adjustments** |
0.00 |
|
|
Beginning Actual Collateral Balance |
810,350,775.91 |
810,350,775.91 |
Ending Certificate Balance |
773,928,809.50 |
|
|
Ending Actual Collateral Balance |
774,892,841.86 |
774,892,841.86 |
|
|
|
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|
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 |
4.20% |
|
|
|
|
|
|
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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|
© 2021 Computershare. All rights reserved. Confidential. |
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Page 10 of 31 |
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Current Mortgage Loan and Property Stratification |
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|
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|
|
||||||||||||||
|
|
||||||||||||||
|
|
|
|
Scheduled Balance |
|
|
|
|
|
Debt Service Coverage Ratio¹ |
|
|
|
||
|
|
Scheduled |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
Debt Service Coverage |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
|
|
|
|
|
|
WAM² |
WAC |
|
|
|
|
|
WAM² |
WAC |
|
|
|
Balance |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
Ratio |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
|
|
Defeased |
4 |
65,245,992.74 |
8.43% |
20 |
3.8591 |
NAP |
Defeased |
4 |
65,245,992.74 |
8.43% |
20 |
3.8591 |
NAP |
|
|
7,499,999 or less |
11 |
51,599,039.00 |
6.67% |
20 |
4.7425 |
1.914669 |
1.44 or less |
12 |
199,193,958.03 |
25.74% |
20 |
4.4802 |
0.823442 |
|
7,500,000 to 14,999,999 |
11 |
134,125,497.31 |
17.33% |
20 |
4.5495 |
1.300712 |
1.45 to 1.49 |
2 |
16,621,109.65 |
2.15% |
18 |
4.4493 |
1.488206 |
|
|
15,000,000 to 24,999,999 |
3 |
62,216,428.00 |
8.04% |
21 |
4.1307 |
2.812000 |
1.50 to 1.74 |
3 |
19,925,259.32 |
2.57% |
19 |
4.7331 |
1.548802 |
|
|
25,000,000 to 49,999,999 |
8 |
289,422,173.30 |
37.40% |
20 |
4.1464 |
2.084215 |
1.75 to 1.99 |
5 |
124,295,625.97 |
16.06% |
20 |
4.3655 |
1.869231 |
|
|
|
50,000,000 or greater |
3 |
171,319,679.15 |
22.14% |
21 |
4.0837 |
2.411957 |
2.00 to 2.49 |
7 |
205,715,733.14 |
26.58% |
20 |
4.0460 |
2.233664 |
|
|
Totals |
40 |
773,928,809.50 |
100.00% |
20 |
4.2167 |
2.121612 |
2.50 to 3.49 |
5 |
72,931,130.65 |
9.42% |
22 |
4.2353 |
2.754688 |
|
|
|
|
|
|
|
|
|
3.50 and greater |
2 |
70,000,000.00 |
9.04% |
21 |
3.8156 |
5.032571 |
|
|
|
|
|
|
|
|
|
Totals |
40 |
773,928,809.50 |
100.00% |
20 |
4.2167 |
2.121612 |
|
(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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|
|
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|
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|
© 2021 Computershare. All rights reserved. Confidential. |
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Page 11 of 31 |
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Current Mortgage Loan and Property Stratification |
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|
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|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|
|
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 |
|
Defeased |
3 |
65,245,992.74 |
8.43% |
20 |
3.8591 |
NAP |
Wisconsin |
2 |
7,020,350.48 |
0.91% |
22 |
4.6770 |
1.391457 |
|
Arizona |
1 |
211,067.18 |
0.03% |
15 |
4.4860 |
1.077700 |
Wyoming |
1 |
126,371.43 |
0.02% |
15 |
4.4860 |
1.077700 |
|
Arkansas |
1 |
42,887.73 |
0.01% |
15 |
4.4860 |
1.077700 |
Totals |
111 |
773,928,809.50 |
100.00% |
20 |
4.2167 |
2.121612 |
|
California |
17 |
144,676,582.84 |
18.69% |
21 |
4.2305 |
2.358025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Type³ |
|
|
|
|
|
Connecticut |
2 |
14,040,389.01 |
1.81% |
21 |
4.2191 |
1.307911 |
|
|
|
|
|
|
|
|
Florida |
3 |
19,853,516.16 |
2.57% |
19 |
4.6147 |
1.730823 |
|
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
|
|
|
|
|
|
|
|
Property Type |
|
|
|
WAM² |
WAC |
|
|
Illinois |
7 |
59,989,851.96 |
7.75% |
20 |
4.6484 |
1.633585 |
|
Properties |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
|
Indiana |
5 |
836,202.48 |
0.11% |
15 |
4.4860 |
1.077700 |
Defeased |
3 |
65,245,992.74 |
8.43% |
20 |
3.8591 |
NAP |
|
Iowa |
2 |
2,389,844.93 |
0.31% |
16 |
4.6125 |
1.573400 |
Lodging |
76 |
109,209,017.07 |
14.11% |
19 |
4.6568 |
1.408823 |
|
Kentucky |
1 |
221,822.20 |
0.03% |
15 |
4.4860 |
1.077700 |
Mixed Use |
6 |
196,836,750.24 |
25.43% |
20 |
4.0551 |
3.079778 |
|
Louisiana |
1 |
4,541,640.71 |
0.59% |
21 |
5.4160 |
1.280800 |
Mobile Home Park |
1 |
3,945,264.49 |
0.51% |
21 |
4.5000 |
3.246600 |
|
Maryland |
3 |
6,600,949.17 |
0.85% |
16 |
4.5292 |
1.157836 |
Multi-Family |
2 |
76,010,510.26 |
9.82% |
21 |
4.1653 |
2.373689 |
|
Massachusetts |
1 |
50,000,000.00 |
6.46% |
22 |
3.9000 |
5.537600 |
Office |
11 |
207,216,236.77 |
26.77% |
20 |
4.1190 |
1.395229 |
|
Michigan |
4 |
40,630,268.05 |
5.25% |
21 |
4.3176 |
2.050531 |
Retail |
8 |
104,159,242.36 |
13.46% |
20 |
4.4522 |
1.614881 |
|
Minnesota |
6 |
35,328,668.29 |
4.56% |
20 |
4.7392 |
1.109967 |
Self Storage |
4 |
11,305,795.61 |
1.46% |
22 |
4.7068 |
1.993179 |
|
New Jersey |
4 |
74,810,865.83 |
9.67% |
20 |
4.1650 |
0.327518 |
Totals |
111 |
773,928,809.50 |
100.00% |
20 |
4.2167 |
2.121612 |
|
New York |
2 |
85,000,000.00 |
10.98% |
19 |
3.7468 |
2.128459 |
|
|
|
|
|
|
|
|
North Carolina |
4 |
38,442,292.34 |
4.97% |
21 |
4.6132 |
1.571930 |
|
|
|
|
|
|
|
|
Ohio |
5 |
15,947,154.59 |
2.06% |
21 |
4.4685 |
1.067589 |
|
|
|
|
|
|
|
|
Oklahoma |
2 |
166,052.50 |
0.02% |
15 |
4.4860 |
1.077700 |
|
|
|
|
|
|
|
|
Oregon |
1 |
271,564.15 |
0.04% |
15 |
4.4860 |
1.077700 |
|
|
|
|
|
|
|
|
Pennsylvania |
8 |
68,124,952.81 |
8.80% |
20 |
4.2172 |
1.886754 |
|
|
|
|
|
|
|
|
Texas |
21 |
38,354,186.03 |
4.96% |
22 |
4.0289 |
2.615535 |
|
|
|
|
|
|
|
|
Virginia |
2 |
414,068.10 |
0.05% |
15 |
4.4860 |
1.077700 |
|
|
|
|
|
|
|
|
Washington |
2 |
641,267.81 |
0.08% |
15 |
4.4860 |
1.077700 |
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Note: Please refer to footnotes on the next page of the report. |
|
|
|
|
|
|
|
|
|
|
|
||
|
|
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|
|
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|
|
|||||||||||||
|
|
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|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
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|
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|
Page 12 of 31 |
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|
|
Current Mortgage Loan and Property Stratification |
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|
||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
|
|
Note Rate |
|
|
|
|
|
Seasoning |
|
|
|
||
|
|
|
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
|
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
|
|
Note Rate |
|
|
|
WAM² |
WAC |
|
Seasoning |
|
|
|
WAM² |
WAC |
|
|
|
|
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
|
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
|
|
Defeased |
4 |
65,245,992.74 |
8.43% |
20 |
3.8591 |
NAP |
Defeased |
4 |
65,245,992.74 |
8.43% |
20 |
3.8591 |
NAP |
|
|
3.9999% or less |
6 |
214,000,000.00 |
27.65% |
21 |
3.8558 |
3.250642 |
12 months or less |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
4.0000% to 4.2499% |
4 |
170,351,107.84 |
22.01% |
20 |
4.1428 |
1.304300 |
13 months to 24 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
4.2500% to 4.4999% |
8 |
139,906,128.03 |
18.08% |
20 |
4.3729 |
1.922542 |
25 months to 36 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
4.5000% to 4.7499% |
10 |
130,535,633.86 |
16.87% |
20 |
4.6274 |
1.610607 |
37 months to 48 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
4.7500% to 4.9999% |
7 |
49,348,306.32 |
6.38% |
21 |
4.8694 |
1.251911 |
49 months or greater |
36 |
708,682,816.76 |
91.57% |
20 |
4.2496 |
2.066707 |
|
|
5.0000% or greater |
1 |
4,541,640.71 |
0.59% |
21 |
5.4160 |
1.280800 |
Totals |
40 |
773,928,809.50 |
100.00% |
20 |
4.2167 |
2.121612 |
|
|
Totals |
40 |
773,928,809.50 |
100.00% |
20 |
4.2167 |
2.121612 |
|
|
|
|
|
|
|
|
(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. |
|
|
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|
Page 13 of 31 |
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|
|
Current Mortgage Loan and Property Stratification |
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|
||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
|
Anticipated Remaining Term (ARD and Balloon Loans) |
|
|
|
Remaining Amortization Term (ARD and Balloon Loans) |
|
|
||||||
|
|
Anticipated |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
Remaining |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
|
|
|
|
|
|
WAM² |
WAC |
|
|
|
|
|
WAM² |
WAC |
|
|
|
Remaining Term |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
Amortization Term |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
|
|
Defeased |
4 |
65,245,992.74 |
8.43% |
20 |
3.8591 |
NAP |
Defeased |
4 |
65,245,992.74 |
8.43% |
20 |
3.8591 |
NAP |
|
|
60 months or less |
36 |
708,682,816.76 |
91.57% |
20 |
4.2496 |
2.066707 |
Interest Only |
11 |
369,268,349.58 |
47.71% |
20 |
4.0648 |
2.407620 |
|
|
61 to 84 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
299 months or less |
25 |
339,414,467.18 |
43.86% |
20 |
4.4506 |
1.695810 |
|
|
85 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
300 months to 350 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
Totals |
40 |
773,928,809.50 |
100.00% |
20 |
4.2167 |
2.121612 |
351 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
Totals |
40 |
773,928,809.50 |
100.00% |
20 |
4.2167 |
2.121612 |
|
(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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|
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|
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|
© 2021 Computershare. All rights reserved. Confidential. |
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Page 14 of 31 |
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Current Mortgage Loan and Property Stratification |
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|
|
||||||||||||
|
|
||||||||||||
|
|
|
|
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 |
|
|
Defeased |
4 |
65,245,992.74 |
8.43% |
20 |
3.8591 |
NAP |
|
|
No outstanding loans in this group |
|
|
|
Underwriter's Information |
3 |
41,961,945.83 |
5.42% |
20 |
4.0733 |
2.578789 |
|
|
|
|
|
|
|
|
12 months or less |
31 |
624,852,521.35 |
80.74% |
20 |
4.2879 |
2.047599 |
|
|
|
|
|
|
|
13 months to 24 months |
1 |
11,868,349.58 |
1.53% |
15 |
4.4860 |
1.077700 |
|
|
|
|
|
|
|
25 months or greater |
1 |
30,000,000.00 |
3.88% |
20 |
3.6045 |
2.139700 |
|
|
|
|
|
|
|
Totals |
40 |
773,928,809.50 |
100.00% |
20 |
4.2167 |
2.121612 |
|
|
|
|
|
|
(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. |
|
|
|
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|
(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 |
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|
|
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 |
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|
|
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 |
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|
|
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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|
|
|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 15 of 31 |
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Mortgage Loan Detail (Part 1) |
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|||||||||||||||
|
|
|
|
|
|
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 |
309630001 |
OF |
Jersey City |
NJ |
Actual/360 |
4.140% |
225,400.00 |
0.00 |
0.00 |
N/A |
11/01/27 |
-- |
70,000,000.00 |
70,000,000.00 |
12/01/25 |
|
2 |
309630002 |
MU |
Santa Clarita |
CA |
Actual/360 |
4.186% |
167,462.15 |
115,694.08 |
0.00 |
N/A |
12/06/27 |
-- |
51,435,373.23 |
51,319,679.15 |
03/06/26 |
|
5 |
309071003 |
OF |
New York |
NY |
Actual/360 |
3.605% |
84,105.99 |
0.00 |
0.00 |
N/A |
11/06/27 |
-- |
30,000,000.00 |
30,000,000.00 |
11/06/25 |
|
5A |
309071005 |
|
|
|
Actual/360 |
3.605% |
56,070.66 |
0.00 |
0.00 |
N/A |
11/06/27 |
-- |
20,000,000.00 |
20,000,000.00 |
11/06/25 |
|
6 |
309630006 |
OF |
Washington |
DC |
Actual/360 |
3.600% |
112,000.00 |
0.00 |
0.00 |
N/A |
11/01/27 |
08/01/27 |
40,000,000.00 |
40,000,000.00 |
03/01/26 |
|
6A |
309630106 |
|
|
|
Actual/360 |
3.600% |
28,000.00 |
0.00 |
0.00 |
N/A |
11/01/27 |
08/01/27 |
10,000,000.00 |
10,000,000.00 |
03/01/26 |
|
7 |
309630007 |
MU |
Chestnut Hill |
MA |
Actual/360 |
3.900% |
151,666.67 |
0.00 |
0.00 |
N/A |
01/01/28 |
-- |
50,000,000.00 |
50,000,000.00 |
03/01/26 |
|
9 |
304101945 |
MF |
Ann Arbor |
MI |
Actual/360 |
4.315% |
134,561.85 |
84,065.06 |
0.00 |
N/A |
12/06/27 |
-- |
40,094,575.32 |
40,010,510.26 |
03/06/26 |
|
10 |
309630010 |
LO |
Chicago |
IL |
Actual/360 |
4.597% |
157,319.56 |
0.00 |
0.00 |
N/A |
11/01/27 |
-- |
44,000,000.00 |
44,000,000.00 |
03/01/26 |
|
11 |
656120744 |
MU |
West Hollywood |
CA |
Actual/360 |
3.900% |
130,433.33 |
0.00 |
0.00 |
N/A |
12/06/27 |
-- |
43,000,000.00 |
43,000,000.00 |
03/06/26 |
|
13 |
309630013 |
RT |
Whitehall |
PA |
Actual/360 |
4.056% |
111,032.13 |
90,840.62 |
0.00 |
N/A |
11/01/27 |
-- |
35,196,152.33 |
35,105,311.71 |
03/01/26 |
|
14 |
656120741 |
LO |
Rochester |
MN |
Actual/360 |
4.741% |
97,274.62 |
73,605.33 |
0.00 |
N/A |
11/06/27 |
-- |
26,379,956.66 |
26,306,351.33 |
03/06/26 |
|
14A |
656120743 |
|
|
|
Actual/360 |
4.741% |
32,424.87 |
24,535.12 |
0.00 |
N/A |
11/06/27 |
-- |
8,793,318.43 |
8,768,783.31 |
03/06/26 |
|
15 |
309630015 |
MF |
Midland |
TX |
Actual/360 |
3.999% |
111,972.00 |
0.00 |
0.00 |
N/A |
01/06/28 |
-- |
36,000,000.00 |
36,000,000.00 |
03/06/26 |
|
16 |
309630016 |
MU |
New York |
NY |
Actual/360 |
3.950% |
107,527.78 |
0.00 |
0.00 |
N/A |
08/01/27 |
-- |
35,000,000.00 |
35,000,000.00 |
03/01/26 |
|
17 |
309630017 |
RT |
New York |
NY |
Actual/360 |
4.200% |
111,066.67 |
16,820,742.75 |
0.00 |
12/06/27 |
12/06/29 |
-- |
34,000,000.00 |
0.00 |
03/06/26 |
|
19 |
309630019 |
RT |
Monroeville |
PA |
Actual/360 |
4.340% |
44,618.62 |
24,992.61 |
0.00 |
N/A |
10/06/27 |
-- |
13,218,154.66 |
13,193,162.05 |
03/06/26 |
|
19A |
309630119 |
|
|
|
Actual/360 |
4.340% |
44,618.62 |
24,992.60 |
0.00 |
N/A |
10/06/27 |
-- |
13,218,155.12 |
13,193,162.52 |
03/06/26 |
|
20 |
304101958 |
OF |
Ventura |
CA |
Actual/360 |
4.425% |
76,405.00 |
0.00 |
0.00 |
N/A |
01/06/28 |
-- |
22,200,000.00 |
22,200,000.00 |
03/06/26 |
|
21 |
656120750 |
OF |
Raleigh |
NC |
Actual/360 |
4.330% |
67,537.60 |
37,627.26 |
0.00 |
N/A |
12/06/27 |
-- |
20,054,055.26 |
20,016,428.00 |
03/06/26 |
|
23 |
304101956 |
RT |
Raleigh |
NC |
Actual/360 |
4.930% |
53,622.59 |
30,786.85 |
0.00 |
N/A |
01/06/28 |
-- |
13,984,447.49 |
13,953,660.64 |
03/06/26 |
|
24 |
304101974 |
OF |
Stamford |
CT |
Actual/360 |
4.217% |
45,761.99 |
26,513.61 |
0.00 |
N/A |
12/06/27 |
-- |
13,952,630.59 |
13,926,116.98 |
03/06/26 |
|
26 |
309630026 |
LO |
Various |
Various |
Actual/360 |
4.530% |
48,444.72 |
25,791.81 |
0.00 |
N/A |
07/06/27 |
-- |
13,749,683.44 |
13,723,891.63 |
03/06/26 |
|
27 |
309630027 |
LO |
Various |
Various |
Actual/360 |
4.486% |
43,116.40 |
489,066.96 |
0.00 |
N/A |
06/01/27 |
-- |
12,357,416.54 |
11,868,349.58 |
02/01/26 |
|
28 |
309630028 |
OF |
Palm Beach Gardens |
FL |
Actual/360 |
4.510% |
42,118.20 |
26,364.55 |
0.00 |
N/A |
10/06/27 |
-- |
12,007,088.76 |
11,980,724.21 |
03/06/26 |
|
30 |
309630030 |
OF |
Dublin |
OH |
Actual/360 |
4.430% |
42,198.22 |
22,628.74 |
0.00 |
N/A |
01/06/28 |
-- |
12,247,144.36 |
12,224,515.62 |
03/06/26 |
|
31 |
304101959 |
RT |
Oak Park |
IL |
Actual/360 |
4.820% |
41,245.75 |
26,066.24 |
0.00 |
N/A |
01/06/28 |
-- |
11,002,125.92 |
10,976,059.68 |
05/06/24 |
|
32 |
309630032 |
MU |
San Diego |
CA |
Actual/360 |
4.855% |
39,040.27 |
21,679.15 |
0.00 |
N/A |
12/06/27 |
-- |
10,338,750.24 |
10,317,071.09 |
03/06/26 |
|
|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 16 of 31 |
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|
|
Mortgage Loan Detail (Part 1) |
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|
|
|
||||
|
|
|||||||||||||||
|
|
|
|
|
|
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 |
|
|
36 |
309630036 |
OF |
Grandview Heights |
OH |
Actual/360 |
4.360% |
27,547.13 |
17,109.59 |
0.00 |
N/A |
10/06/27 |
07/06/27 |
8,123,333.79 |
8,106,224.20 |
03/06/26 |
|
37 |
309630037 |
LO |
Glenwood Springs |
CO |
Actual/360 |
5.105% |
28,414.63 |
16,567.05 |
0.00 |
N/A |
12/01/27 |
-- |
7,156,335.59 |
7,139,768.54 |
03/01/26 |
|
38 |
304101951 |
RT |
Appleton |
WI |
Actual/360 |
4.680% |
25,218.28 |
16,642.32 |
0.00 |
N/A |
01/06/28 |
-- |
6,928,098.27 |
6,911,455.95 |
03/06/26 |
|
39 |
656120772 |
OF |
Various |
Various |
Actual/360 |
4.612% |
24,686.46 |
12,791.13 |
0.00 |
N/A |
07/06/27 |
-- |
6,881,243.09 |
6,868,451.96 |
03/06/26 |
|
40 |
656120773 |
MU |
Oakland |
CA |
Actual/360 |
4.490% |
25,144.00 |
0.00 |
0.00 |
N/A |
09/06/27 |
-- |
7,200,000.00 |
7,200,000.00 |
03/06/26 |
|
42 |
309630042 |
LO |
Chalmette |
LA |
Actual/360 |
5.416% |
19,194.23 |
14,914.32 |
0.00 |
N/A |
12/01/27 |
-- |
4,556,555.03 |
4,541,640.71 |
03/01/26 |
|
43 |
656120753 |
RT |
Concord |
NC |
Actual/360 |
4.910% |
16,431.44 |
14,651.14 |
0.00 |
N/A |
12/06/27 |
-- |
4,302,675.19 |
4,288,024.05 |
03/06/26 |
|
44 |
304101946 |
SS |
Miami |
FL |
Actual/360 |
4.700% |
16,287.42 |
10,681.75 |
0.00 |
N/A |
01/06/28 |
-- |
4,455,526.57 |
4,444,844.82 |
03/06/26 |
|
45 |
656120756 |
MH |
Sun City |
CA |
Actual/360 |
4.500% |
13,842.44 |
9,718.43 |
0.00 |
N/A |
12/06/27 |
-- |
3,954,982.92 |
3,945,264.49 |
03/06/26 |
|
46 |
407004702 |
RT |
Callahan |
FL |
Actual/360 |
4.870% |
13,016.14 |
8,404.50 |
0.00 |
N/A |
06/06/27 |
-- |
3,436,351.63 |
3,427,947.13 |
03/06/26 |
|
47 |
304101953 |
SS |
Various |
PA |
Actual/360 |
4.630% |
12,939.22 |
7,252.50 |
0.00 |
N/A |
01/06/28 |
-- |
3,593,118.66 |
3,585,866.16 |
03/06/26 |
|
48 |
304101947 |
SS |
Frankfort |
IL |
Actual/360 |
4.800% |
12,251.27 |
6,505.52 |
0.00 |
N/A |
01/06/28 |
-- |
3,281,590.15 |
3,275,084.63 |
03/06/26 |
|
49 |
407004713 |
RT |
Ontario |
CA |
Actual/360 |
4.836% |
11,724.73 |
6,714.79 |
0.00 |
N/A |
07/06/27 |
-- |
3,117,173.89 |
3,110,459.10 |
03/06/26 |
|
Totals |
|
|
|
|
|
|
2,653,743.65 |
18,107,946.38 |
0.00 |
|
|
|
809,216,013.13 |
773,928,809.50 |
|
|
1 Property Type Codes |
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|
|
|
|
|
|
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|
|
HC - Health Care |
MU - Mixed Use |
WH - Warehouse |
MF - Multi-Family |
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|
|
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||||
|
SS - Self Storage |
LO - Lodging |
RT - Retail |
|
SF - Single Family Rental |
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|
98 - Other |
|
IN - Industrial |
OF - Office |
|
MH - Mobile Home Park |
|
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|
|
|
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||
|
SE - Securities |
CH - Cooperative Housing |
ZZ - Missing Information/Undefined |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 17 of 31 |
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|
Mortgage Loan Detail (Part 2) |
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|
|
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 |
13,132,148.43 |
1,505,124.00 |
01/01/25 |
09/30/25 |
01/12/26 |
41,511,011.54 |
0.00 |
224,610.56 |
723,624.99 |
0.00 |
0.00 |
|
|
|
2 |
8,696,174.52 |
6,264,680.92 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
5 |
0.00 |
8,491,118.00 |
01/01/25 |
09/30/25 |
08/06/25 |
12,929,823.73 |
36,211.48 |
47,618.01 |
323,867.76 |
0.00 |
0.00 |
|
|
|
5A |
0.00 |
0.00 |
-- |
-- |
08/06/25 |
8,619,882.49 |
24,140.99 |
31,745.34 |
215,911.85 |
0.00 |
0.00 |
|
|
|
6 |
0.00 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Full Defeasance |
|
|
6A |
0.00 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Full Defeasance |
|
|
7 |
11,109,612.00 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
9 |
5,557,090.80 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
10 |
6,727,063.00 |
6,953,149.56 |
07/01/24 |
06/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
11 |
4,370,873.19 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
13 |
23,161,165.75 |
17,417,189.70 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
14 |
12,843,501.00 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
14A |
0.00 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
15 |
4,048,522.09 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
16 |
7,286,655.51 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
17 |
1,519,702.00 |
0.00 |
-- |
-- |
-- |
0.00 |
1,613,627.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
19 |
5,668,008.00 |
4,935,948.00 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
19A |
0.00 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
20 |
2,531,985.00 |
2,290,644.00 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
21 |
2,695,695.81 |
1,278,978.31 |
01/01/25 |
06/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
23 |
1,353,925.00 |
931,811.00 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
24 |
4,222,937.00 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
26 |
6,712,913.00 |
4,387,988.02 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
27 |
35,623,487.66 |
0.00 |
-- |
-- |
10/14/25 |
948,404.76 |
0.00 |
42,217.22 |
42,217.22 |
0.00 |
0.00 |
|
|
|
28 |
1,726,974.23 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
30 |
981,296.88 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
31 |
676,800.00 |
0.00 |
-- |
-- |
03/11/26 |
4,395,587.50 |
925,567.28 |
50,738.42 |
972,201.61 |
1,804.01 |
0.00 |
|
|
|
32 |
854,504.95 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 18 of 31 |
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Mortgage Loan Detail (Part 2) |
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|||
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|||||||||||||
|
|
|
|
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 |
|
|
36 |
0.00 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Full Defeasance |
|
|
37 |
0.00 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Full Defeasance |
|
|
38 |
0.00 |
553,612.95 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
39 |
698,733.66 |
552,268.47 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
40 |
807,320.91 |
674,991.54 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
42 |
735,909.16 |
596,289.96 |
10/01/24 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
43 |
628,257.06 |
479,201.51 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
44 |
460,707.75 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
45 |
1,160,089.37 |
721,324.34 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
46 |
437,364.72 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
47 |
623,977.48 |
465,472.89 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
48 |
486,852.69 |
384,639.74 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
49 |
525,093.67 |
358,119.60 |
01/01/25 |
09/30/25 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
Totals |
168,065,342.29 |
59,242,552.51 |
|
|
|
68,404,710.02 |
2,599,546.76 |
396,929.54 |
2,277,823.43 |
1,804.01 |
0.00 |
|
|
|
|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 19 of 31 |
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Principal Prepayment Detail |
|
|
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|
|
|
Unscheduled Principal |
Prepayment Penalties |
|
|
Pros ID |
Loan Number |
Amount |
Prepayment / Liquidation Code |
Prepayment Premium Amount |
Yield Maintenance Amount |
|
17 |
309630017 |
16,820,742.75 |
Disposition |
0.00 |
0.00 |
|
27 |
309630027 |
489,066.96 |
Partial Liquidation (Curtailment) |
0.00 |
0.00 |
|
Totals |
|
17,309,809.71 |
|
0.00 |
0.00 |
|
Note: Principal Prepayment Amount listed here may include Principal Adjustment Amounts on the loan in addition to the Unscheduled Principal Amount. |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 20 of 31 |
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|
Historical Detail |
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|||||
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||||||||||||||||||||
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|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/17/26 |
0 |
0.00 |
1 |
70,000,000.00 |
3 |
60,976,059.68 |
0 |
0.00 |
|
2 |
10,976,059.68 |
0 |
0.00 |
1 |
489,066.96 |
1 |
16,820,742.75 |
4.216654% |
4.137498% |
20 |
|
02/18/26 |
1 |
70,000,000.00 |
2 |
50,000,000.00 |
2 |
45,002,125.92 |
0 |
0.00 |
|
2 |
45,002,125.92 |
0 |
0.00 |
1 |
685,863.62 |
0 |
0.00 |
4.216372% |
4.129395% |
21 |
|
01/16/26 |
2 |
50,000,000.00 |
0 |
0.00 |
2 |
45,023,683.50 |
0 |
0.00 |
|
2 |
45,023,683.50 |
0 |
0.00 |
1 |
239,929.06 |
1 |
1,690,823.90 |
4.216812% |
4.129707% |
22 |
|
12/17/25 |
0 |
0.00 |
0 |
0.00 |
3 |
115,045,151.97 |
0 |
0.00 |
|
2 |
45,045,151.97 |
0 |
0.00 |
1 |
82,330.83 |
0 |
0.00 |
4.218089% |
4.128656% |
23 |
|
11/18/25 |
0 |
0.00 |
0 |
0.00 |
3 |
115,068,007.46 |
0 |
0.00 |
|
2 |
45,068,007.46 |
0 |
0.00 |
1 |
279,729.00 |
0 |
0.00 |
4.218337% |
4.144660% |
24 |
|
10/20/25 |
0 |
0.00 |
1 |
70,000,000.00 |
2 |
45,089,292.72 |
0 |
0.00 |
|
2 |
45,089,292.72 |
1 |
13,645,269.05 |
1 |
672,230.95 |
0 |
0.00 |
4.218634% |
4.144928% |
25 |
|
09/17/25 |
1 |
70,000,000.00 |
0 |
0.00 |
2 |
45,111,971.62 |
0 |
0.00 |
|
2 |
45,111,971.62 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
4.219071% |
4.145248% |
26 |
|
08/15/25 |
0 |
0.00 |
0 |
0.00 |
2 |
45,133,075.16 |
0 |
0.00 |
|
2 |
45,133,075.16 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
4.219274% |
4.145485% |
27 |
|
07/17/25 |
0 |
0.00 |
0 |
0.00 |
2 |
45,154,091.47 |
0 |
0.00 |
|
2 |
45,154,091.47 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
4.219475% |
4.166943% |
28 |
|
06/17/25 |
0 |
0.00 |
1 |
34,000,000.00 |
1 |
11,176,511.14 |
0 |
0.00 |
|
2 |
45,176,511.14 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
4.219690% |
4.167176% |
29 |
|
05/16/25 |
1 |
34,000,000.00 |
0 |
0.00 |
1 |
11,197,347.92 |
0 |
0.00 |
|
2 |
45,197,347.92 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
4.219889% |
4.167393% |
30 |
|
04/17/25 |
0 |
0.00 |
0 |
0.00 |
1 |
11,219,594.54 |
0 |
0.00 |
|
2 |
45,219,594.54 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
4.220101% |
4.167624% |
31 |
|
(1) Foreclosure and REO Totals are included in the delinquencies aging categories. |
|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 21 of 31 |
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|
|
Delinquency Loan Detail |
|
|
|
|
|
|
|||
|
|
|||||||||||||||
|
|
|
Paid |
|
Mortgage |
|
|
Outstanding |
|
Servicing |
Resolution |
|
|
|
|
|
|
|
|
Through |
Months |
Loan |
|
Current P&I |
Outstanding P&I |
Servicer |
Actual Principal |
Transfer |
Strategy |
Bankruptcy |
Foreclosure |
|
|
|
Pros ID |
Loan ID |
Date |
Delinquent |
Status¹ |
Advances |
Advances |
Advances |
Balance |
Date |
Code² |
|
Date |
Date |
REO Date |
|
|
1 |
309630001 |
12/01/25 |
2 |
2 |
|
224,610.56 |
723,624.99 |
99,317.10 |
70,000,000.00 |
07/21/25 |
2 |
|
|
|
|
|
5 |
309071003 |
11/06/25 |
3 |
3 |
|
47,618.01 |
323,867.76 |
0.00 |
30,000,000.00 |
09/13/24 |
9 |
|
|
|
|
|
5A |
309071005 |
11/06/25 |
3 |
3 |
|
31,745.34 |
215,911.85 |
0.00 |
20,000,000.00 |
09/13/24 |
9 |
|
|
|
|
|
27 |
309630027 |
02/01/26 |
0 |
B |
|
42,217.22 |
42,217.22 |
0.00 |
12,357,416.54 |
03/06/25 |
11 |
|
|
|
|
|
31 |
304101959 |
05/06/24 |
21 |
6 |
|
50,738.42 |
972,201.61 |
1,804.01 |
11,451,025.10 |
06/19/20 |
7 |
|
|
|
07/05/24 |
|
Totals |
|
|
|
|
|
396,929.54 |
2,277,823.43 |
101,121.11 |
143,808,441.64 |
|
|
|
|
|
|
|
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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© 2021 Computershare. All rights reserved. Confidential. |
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Page 22 of 31 |
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|
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 |
|
773,928,810 |
642,952,750 |
120,000,000 |
|
10,976,060 |
|
|
|
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 |
|
|
|
|
||||||||
|
Mar-26 |
773,928,810 |
642,952,750 |
0 |
70,000,000 |
50,000,000 |
10,976,060 |
|
|
|
Feb-26 |
809,216,013 |
644,213,887 |
70,000,000 |
50,000,000 |
0 |
|
45,002,126 |
|
|
Jan-26 |
810,565,295 |
715,541,612 |
50,000,000 |
0 |
0 |
|
45,023,684 |
|
|
Dec-25 |
820,194,218 |
696,420,944 |
0 |
0 |
78,728,122 |
45,045,152 |
|
|
|
Nov-25 |
820,996,165 |
697,182,891 |
0 |
0 |
78,745,267 |
45,068,007 |
|
|
|
Oct-25 |
821,947,572 |
698,096,975 |
0 |
70,000,000 |
8,761,305 |
45,089,293 |
|
|
|
Sep-25 |
823,334,256 |
699,443,954 |
70,000,000 |
0 |
8,778,331 |
45,111,972 |
|
|
|
Aug-25 |
824,000,619 |
770,073,297 |
0 |
0 |
8,794,247 |
45,133,075 |
|
|
|
Jul-25 |
824,664,427 |
770,700,231 |
0 |
0 |
8,810,104 |
45,154,091 |
|
|
|
Jun-25 |
825,371,292 |
771,367,825 |
0 |
0 |
8,826,956 |
45,176,511 |
|
|
|
May-25 |
826,029,845 |
771,989,805 |
0 |
0 |
8,842,692 |
45,197,348 |
|
|
|
Apr-25 |
826,731,643 |
772,652,621 |
0 |
0 |
8,859,427 |
45,219,595 |
|
|
|
(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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© 2021 Computershare. All rights reserved. Confidential. |
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Page 23 of 31 |
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|
Specially Serviced Loan Detail - Part 1 |
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|
|
Ending Scheduled |
|
|
|
Net Operating |
|
|
|
Remaining |
|
Pros ID |
Loan ID |
Balance |
Actual Balance |
Appraisal Value |
Appraisal Date |
Income |
DSCR |
DSCR Date |
Maturity Date |
Amort Term |
|
1 |
309630001 |
70,000,000.00 |
70,000,000.00 |
54,000,000.00 |
09/12/25 |
2,012,345.27 |
0.27060 |
09/30/25 |
11/01/27 |
I/O |
|
2 |
309630002 |
51,319,679.15 |
51,319,679.15 |
82,100,000.00 |
08/11/17 |
8,375,855.44 |
2.45820 |
09/30/25 |
12/06/27 |
261 |
|
5 |
309071003 |
30,000,000.00 |
30,000,000.00 |
390,000,000.00 |
04/01/25 |
11,352,593.66 |
2.20580 |
09/30/25 |
11/06/27 |
I/O |
|
5A |
309071005 |
20,000,000.00 |
20,000,000.00 |
|
-- |
87,292,647.00 |
3.77000 |
09/30/25 |
11/06/27 |
I/O |
|
17 |
309630017 |
0.00 |
- |
26,850,000.00 |
07/22/25 |
1,519,702.00 |
1.02980 |
09/30/25 |
12/06/29 |
I/O |
|
27 |
309630027 |
11,868,349.58 |
12,357,416.54 |
547,200,000.00 |
04/01/25 |
35,623,487.66 |
1.35670 |
09/30/25 |
06/01/27 |
I/O |
|
31 |
304101959 |
10,976,059.68 |
11,451,025.10 |
8,975,000.00 |
10/18/25 |
676,800.00 |
0.83780 |
09/30/25 |
01/06/28 |
261 |
|
Totals |
|
194,164,088.41 |
195,128,120.79 |
1,109,125,000.00 |
|
146,853,431.04 |
|
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|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 24 of 31 |
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|
|
Specially Serviced Loan Detail - Part 2 |
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|
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|
|
|
|
|
Servicing |
|
|
|
|
|
Property |
|
Transfer |
Resolution |
|
|
Pros ID |
Loan ID |
Type¹ |
State |
Date |
Strategy Code² |
Special Servicing Comments |
|
1 |
309630001 |
OF |
NJ |
07/21/25 |
2 |
|
|
|
Loan transferred on 7/21/25 for Imminent Default. Collateral consists of a ~432K SF office building ("Property") in Jersey City, NJ. The largest tenant, Lord Abbett (261K SF, 60% of NRA), vacated on 12/31/24. With Lord Abbett's departure, there |
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|
|
is an esti mated operating shortfall of ~$7MM for this year. Borrower would no longer fund shortfalls and wanted to hand back the Property as soon as possible. Notice of Default was sent on 8/21/25. Loan was accelerated on 8/28/25. Local |
|||||
|
|
counsel was retained to file for foreclosure and receivership. Foreclosure was filed on 9/24/25. Receiver (Colliers) was appointed on 11/5/25. The motion for final judgment was filed on 2/25/26. Lender will continue to dual track the foreclosure |
|||||
|
|
process while evaluating other workou t alternatives. |
|
|
|||
|
2 |
309630002 |
MU |
CA |
11/19/25 |
13 |
|
|
|
plex consisting of four primary office buildings and ground-floor retail, located in the Valencia Town Center master-planned community in Santa Clarita, California. The property serves as the corporate headquarters for Princess Cruise Lines, |
|||||
|
|
which occupie s approximately 79% of the net rentable area and is backed by a Carnival Corporation guarantee. Property is 85% occupied and will fall to 47% 4/26 when Princess downsizes its premise. Lender is discussing plans with Borrower. |
|||||
|
|
||||||
|
|
||||||
|
5 |
309071003 |
OF |
NY |
09/13/24 |
9 |
|
|
|
Subject is a $940,000,000 note that is secured by a senior lien against a 49-story, 1,825,058 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Collateral also includes 254,554 square feet of amenity |
|||||
|
|
space (r estaurant, retail, theater and parking garage). Capital stack includes mezzanine debt. The mezzanine debt was reportedly sold to an investor who accelerated the balance due and scheduled a UCC sale for January 15, 2026. Waterfall |
|||||
|
|
was insufficient to pay t he January 2026 tax bill and the December 2025 note payment. Demand for these payments was made but Borrower has not responded to date. Mezzanine lender has not reset a UCC sale date. Lender accelerated the |
|||||
|
|
subject note and filed for foreclosure with a mo tion for the appointment of a Receiver. |
|
||||
|
5A |
309071005 |
Various |
Various |
09/13/24 |
9 |
|
|
|
Subject is a $940,000,000 note that is secured by a senior lien against a 49-story, 1,825,058 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Collateral also includes 254,554 square feet of amenity |
|||||
|
|
space (r estaurant, retail, theater and parking garage). Capital stack includes mezzanine debt. The mezzanine debt was reportedly sold to an investor who accelerated the balance due and scheduled a UCC sale for January 15, 2026. Waterfall |
|||||
|
|
was insufficient to pay t he January 2026 tax bill and the December 2025 note payment. Demand for these payments was made but Borrower has not responded to date. Mezzanine lender has not reset a UCC sale date. Lender accelerated the |
|||||
|
|
subject note and filed for foreclosure with a mo tion for the appointment of a Receiver. |
|
||||
|
17 |
309630017 |
RT |
NY |
11/12/20 |
7 |
|
|
|
REO Title Date: February 21, 2025. Description of Collateral: The subject property is a retail condominium unit located at 156-168 Bleecker Street in New York, New York. More specially, the property is located on the southern blockfront of |
|||||
|
|
Bleeker Stree t between Sullivan Street and Thompson Street, within the Greenwich Village neighborhood of Manhattan. The subject commercial unit consists of 27,541 SF of net rentable area, with 14,706 SF of ground floor level space and |
|||||
|
|
12,835 square feet of selling bas ement space. It is currently configured as seven retail units and one residential unit (a fair market 2-bedroom apartment). Currently three of the retail units are occupied while the remaining four units are vacant. |
|||||
|
|
The residential unit is vacant and cann ot be occupied without being renovated. Current occupancy is 80.1%. Crossed with or is a Companion Loan to: N/A. Deferred Maintenance/Repair Issues: Generally in Good condition. Leasing Summary: |
|||||
|
|
Recently finalized a renewal with CVS. Evaluating LOI for end-cap. Colliers has been appointed as PM/easing agent. Marketing Summary: Asset is listed for sale with Marcus & Millichap/Mission Capital. Buyer has been selected. Closing is |
|||||
|
|
currently scheduled for 2/27. |
|
|
|
|
|
|
27 |
309630027 |
LO |
Various |
03/06/25 |
11 |
|
|
|
Loan transferred to Special Servicing effective 2/24/25 due to imminent default. Hello Letter was noticed and PNA has been executed. Collateral consists of a 65 mixed service hotels, totaling 6,366 keys. Loan is paid through 3/1/2026. A |
|||||
|
|
Modification Agree ment was signed on 9/25/2025 which provides for the expedited sale of underperforming assets along with modifications to certain release provisions, cash-management terms and other terms to improve funding towards |
|||||
|
|
operations at remaining portfolio. As of 2/28/2026, seventeen (17) collateral assets have been released for a cumulative paydown of $98.8MM. |
|
||||
|
|
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|
|
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|
|
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|
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|
© 2021 Computershare. All rights reserved. Confidential. |
|
Page 25 of 31 |
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|
|
Specially Serviced Loan Detail - Part 2 |
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||||||||
|
|
|
|
|
Servicing |
|
|
|
|
|
|
|
Property |
|
Transfer |
Resolution |
|
|
|
|
Pros ID |
Loan ID |
Type¹ |
State |
Date |
Strategy Code² |
|
Special Servicing Comments |
|
|
31 |
304101959 |
RT |
IL |
06/19/20 |
7 |
|
|
|
|
|
Title Date: 7/5/24: Farmban is the property manager, and Kirsch Commercial is the leasing broker. Management is close to finalizing a 3,516 SF lease with Xfinity, and several tours have occurred for the remaining vacancies. The cooling tower |
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|
|
requires repl acement, and the property manager is collecting bids with an estimated cost of $160,000. |
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|
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|
|
||||||||
|
|
||||||||
|
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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|
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|
© 2021 Computershare. All rights reserved. Confidential. |
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Page 26 of 31 |
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|
|
|
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 |
|
27 |
309630027 |
0.00 |
4.48600% |
0.00 |
4.48600% |
8 |
09/25/25 |
09/25/25 |
-- |
|
32 |
309630032 |
11,391,106.65 |
4.85500% |
11,391,106.65 |
4.85500% |
10 |
06/16/20 |
04/06/20 |
08/11/20 |
|
32 |
309630032 |
0.00 |
4.85500% |
0.00 |
4.85500% |
10 |
03/06/22 |
12/06/21 |
05/01/22 |
|
32 |
309630032 |
0.00 |
4.85500% |
0.00 |
4.85500% |
10 |
03/04/22 |
12/06/21 |
05/01/22 |
|
32 |
309630032 |
0.00 |
4.85500% |
0.00 |
4.85500% |
10 |
05/01/22 |
12/06/21 |
03/04/22 |
|
34 |
309630034 |
9,290,575.95 |
5.41600% |
9,290,575.95 |
5.41600% |
10 |
07/28/20 |
06/01/20 |
09/11/20 |
|
35 |
309630035 |
8,985,244.69 |
5.02000% |
8,985,244.69 |
5.02000% |
10 |
06/18/20 |
06/01/20 |
08/11/20 |
|
37 |
309630037 |
7,963,447.81 |
5.10500% |
7,963,447.81 |
5.10500% |
10 |
06/09/20 |
04/01/20 |
08/11/20 |
|
37 |
309630037 |
0.00 |
5.10500% |
0.00 |
5.10500% |
10 |
08/11/20 |
04/01/20 |
06/09/20 |
|
42 |
309630042 |
5,308,900.51 |
5.41600% |
5,308,900.51 |
5.41600% |
10 |
07/28/20 |
06/01/20 |
09/11/20 |
|
42 |
309630042 |
0.00 |
5.41600% |
0.00 |
5.41600% |
10 |
09/11/20 |
06/01/20 |
07/28/20 |
|
Totals |
|
42,939,275.61 |
|
42,939,275.61 |
|
|
|
|
|
|
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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|
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|
|
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|
© 2021 Computershare. All rights reserved. Confidential. |
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|
Page 27 of 31 |
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|
|
|
|
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 |
|
17 |
309630017 03/17/26 |
34,000,000.00 |
26,850,000.00 |
22,584,084.35 |
4,621,205.18 |
21,441,947.93 |
16,820,742.75 |
17,179,257.25 |
0.00 |
0.00 |
17,179,257.25 |
50.52% |
|
33 |
309630033 01/16/26 |
8,728,121.77 |
3,800,000.00 |
2,573,849.99 |
866,864.58 |
2,573,849.99 |
1,706,985.41 |
7,021,136.36 |
(31,160.50) |
(102,317.50) |
7,123,453.86 |
72.68% |
|
35 |
309630035 11/18/22 |
7,951,338.80 |
10,700,000.00 |
10,221,654.15 |
2,228,937.87 |
10,180,276.67 |
7,951,338.80 |
0.00 |
0.00 |
45,178.42 |
(45,178.42) |
0.47% |
|
Current Period Totals |
34,000,000.00 |
26,850,000.00 |
22,584,084.35 |
4,621,205.18 |
21,441,947.93 |
16,820,742.75 |
17,179,257.25 |
0.00 |
0.00 |
17,179,257.25 |
|
|
|
Cumulative Totals |
50,679,460.57 |
41,350,000.00 |
35,379,588.49 |
7,717,007.63 |
34,196,074.59 |
26,479,066.96 |
24,200,393.61 |
(31,160.50) |
(57,139.08) |
24,257,532.69 |
|
|
|
|
||||||||||||
|
Note: Fees, Advances and Expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.). |
|
|
|
|
|
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|
|
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|
|
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|
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|
|
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|
© 2021 Computershare. All rights reserved. Confidential. |
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|
Page 28 of 31 |
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|
|
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 |
02/16/24 |
1,139.34 |
0.00 |
0.00 |
0.00 |
0.00 |
1,139.34 |
0.00 |
0.00 |
1,139.34 |
|
17 |
309630017 |
03/17/26 |
0.00 |
0.00 |
17,179,257.25 |
0.00 |
0.00 |
17,179,257.25 |
0.00 |
0.00 |
17,179,257.25 |
|
33 |
309630033 |
03/17/26 |
0.00 |
0.00 |
7,123,453.86 |
0.00 |
0.00 |
31,160.50 |
0.00 |
0.00 |
7,123,453.86 |
|
|
|
02/18/26 |
0.00 |
0.00 |
7,092,293.36 |
0.00 |
0.00 |
71,157.00 |
0.00 |
0.00 |
|
|
|
|
01/16/26 |
0.00 |
0.00 |
7,021,136.36 |
0.00 |
0.00 |
7,021,136.36 |
0.00 |
0.00 |
|
|
35 |
309630035 |
02/16/24 |
0.00 |
0.00 |
(45,178.42) |
0.00 |
0.00 |
(1,139.34) |
0.00 |
0.00 |
(945.44) |
|
|
|
08/17/23 |
0.00 |
0.00 |
(45,178.42) |
0.00 |
0.00 |
120.00 |
0.00 |
0.00 |
|
|
|
|
11/25/22 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
73.90 |
0.00 |
0.00 |
|
|
Current Period Totals |
|
0.00 |
0.00 |
17,179,257.25 |
0.00 |
0.00 |
17,210,417.75 |
0.00 |
0.00 |
17,210,417.75 |
|
|
Cumulative Totals |
|
1,139.34 |
0.00 |
24,257,532.69 |
0.00 |
0.00 |
24,302,905.01 |
0.00 |
0.00 |
24,302,905.01 |
|
|
|
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|
|
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|
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|
© 2021 Computershare. All rights reserved. Confidential. |
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|
Page 29 of 31 |
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|
|
Interest Shortfall Detail - Collateral Level |
|
|
|
|
|||||
|
|
||||||||||||
|
|
|
|
Special Servicing Fees |
|
|
|
|
|
|
|
Modified |
|
|
|
|
Deferred |
|
|
|
|
|
Non- |
|
Reimbursement of |
Other |
Interest |
|
|
Interest |
Interest |
|
|
|
|
|
Recoverable |
Interest on |
Advances from |
Shortfalls / |
Reduction / |
|
Pros ID |
Adjustments |
Collected |
Monthly |
Liquidation |
Work Out |
ASER |
PPIS / (PPIE) |
Interest |
Advances |
Interest |
(Refunds) |
(Excess) |
|
1 |
0.00 |
0.00 |
13,611.11 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
2 |
0.00 |
0.00 |
10,001.32 |
0.00 |
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 |
36,211.48 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
(0.01) |
|
5A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
24,140.99 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
(0.01) |
|
17 |
0.00 |
0.00 |
(450,971.99) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
(173,497.50) |
0.00 |
(165.00) |
0.00 |
|
31 |
0.00 |
0.00 |
2,139.30 |
0.00 |
0.00 |
16,461.47 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total |
0.00 |
0.00 |
(425,220.26) |
0.00 |
0.00 |
76,813.94 |
0.00 |
0.00 |
(173,497.50) |
0.00 |
(165.00) |
(0.02) |
|
Note: Interest Adjustments listed for each loan do not include amounts that were used to adjust the Weighted Average Net Rate of the mortgage loans. |
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|
Collateral Shortfall Total |
(522,068.84) |
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Supplemental Notes |
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None |
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© 2021 Computershare. All rights reserved. Confidential. |
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