Distribution Date:

05/15/26

BBCMS Mortgage Trust 2023-5C23

Determination Date:

05/11/26

 

Next Distribution Date:

06/17/26

 

Record Date:

04/30/26

Commercial Mortgage Pass-Through Certificates

 

 

Series 2023-5C23

 

         

Table of Contents

 

 

Contacts

 

Section

Pages

Role

Party and Contact Information

 

Certificate Distribution Detail

2

Depositor

Barclays Commercial Mortgage Securities LLC

 

Certificate Factor Detail

3

 

Daniel Schmidt

SPLegalNotices@barclays.com;

 

 

 

 

CMBSsecuritization@barclays.com

Certificate Interest Reconciliation Detail

4

 

745 Seventh Avenue, 4th Floor | New York, NY 10019 | United States

 

Additional Information

5

Master Servicer

Midland Loan Services, a Division of PNC Bank, National

 

Bond / Collateral Reconciliation - Cash Flows

6

 

Association

 

 

 

 

Executive Vice President – Division Head

Fax Number: (913) 253-9001

Bond / Collateral Reconciliation - Balances

7

 

 

 

 

 

 

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

 

Current Mortgage Loan and Property Stratification

8-12

Special Servicer

LNR Partners, LLC

 

Mortgage Loan Detail (Part 1)

13-14

 

Heather Bennett and Job Warshaw

hbennett@starwood.com; jwarshaw@lnrpartners.com

Mortgage Loan Detail (Part 2)

15-16

 

 

and lnr.cmbs.notices@lnrproperty.com

 

 

 

2340 Collins Avenue, Suite 700 | Miami Beach, FL 33139 | United States

 

Principal Prepayment Detail

17

 

 

 

 

 

Trustee

Computershare Trust Company, N.A.

 

Historical Detail

18

 

 

 

 

 

 

Corporate Trust Services (CMBS)

cctcmbsbondadmin@computershare.com;

Delinquency Loan Detail

19

 

 

trustadministrationgroup@computershare.com

Collateral Stratification and Historical Detail

20

 

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

 

 

 

Certificate Administrator

Computershare Trust Company, N.A.

 

Specially Serviced Loan Detail - Part 1

21

 

 

 

 

 

 

Corporate Trust Services (CMBS)

cctcmbsbondadmin@computershare.com;

Specially Serviced Loan Detail - Part 2

22

 

 

trustadministrationgroup@computershare.com

Modified Loan Detail

23

 

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

 

Historical Liquidated Loan Detail

24

Operating Advisor & Asset

Park Bridge Lender Services LLC

 

 

 

Representations Reviewer

 

 

Historical Bond / Collateral Loss Reconciliation Detail

25

 

Attention: BBCMS 2023-5C23 – Surveillance Manager

cmbs.notices@parkbridgefinancial.com

Interest Shortfall Detail - Collateral Level

26

 

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

 

Supplemental Notes

27

Directing Holder

LNR Securities Holdings, LLC

 

 

 

 

-

 

 

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

05493QAA3

6.198000%

107,017,000.00

107,017,000.00

0.01

552,742.81

0.00

0.00

552,742.82

107,016,999.99

29.79%

30.00%

A-3

05493QAB1

6.675000%

397,907,000.00

397,907,000.00

0.00

2,213,357.69

0.00

0.00

2,213,357.69

397,907,000.00

29.79%

30.00%

A-S

05493QAD7

7.454717%

71,230,000.00

71,230,000.00

0.00

442,499.57

0.00

0.00

442,499.57

71,230,000.00

19.89%

20.13%

B

05493QAE5

7.454717%

38,771,000.00

38,771,000.00

0.00

240,855.69

0.00

0.00

240,855.69

38,771,000.00

14.49%

14.75%

C

05493QAF2

7.454717%

28,853,000.00

28,853,000.00

0.00

179,242.45

0.00

0.00

179,242.45

28,853,000.00

10.48%

10.75%

D

05493QAQ8

7.454717%

12,623,000.00

12,623,000.00

0.00

3,449.42

0.00

0.00

3,449.42

12,623,000.00

8.73%

9.00%

E

05493QAS4

7.454717%

12,623,000.00

12,623,000.00

0.00

0.00

0.00

0.00

0.00

12,623,000.00

6.97%

7.25%

F

05493QAU9

5.000000%

9,016,000.00

9,016,000.00

0.00

0.00

0.00

0.00

0.00

9,016,000.00

5.72%

6.00%

G

05493QAW5

5.000000%

7,214,000.00

7,214,000.00

0.00

0.00

0.00

0.00

0.00

7,214,000.00

4.71%

5.00%

H*

05493QAY1

5.000000%

11,721,000.00

11,721,000.00

0.00

0.00

0.00

0.00

0.00

11,721,000.00

3.09%

3.38%

J-RR

05493QBA2

7.454717%

24,345,000.00

24,345,000.00

0.00

0.00

0.00

2,156,926.39

0.00

22,188,073.61

0.00%

0.00%

R

05493QBC8

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

721,320,000.00

721,320,000.00

0.01

3,632,147.63

0.00

2,156,926.39

3,632,147.64

719,163,073.60

   

 

 

X-A

05493QAC9

0.880815%

504,924,000.00

504,924,000.00

0.00

370,620.71

0.00

0.00

370,620.71

504,923,999.99

 

 

X-F

05493QAJ4

2.454717%

9,016,000.00

9,016,000.00

0.00

18,443.11

0.00

0.00

18,443.11

9,016,000.00

 

 

X-G

05493QAL9

2.454717%

7,214,000.00

7,214,000.00

0.00

14,756.94

0.00

0.00

14,756.94

7,214,000.00

 

 

X-H

05493QAN5

2.454717%

11,721,000.00

11,721,000.00

0.00

23,976.45

0.00

0.00

23,976.45

11,721,000.00

 

 

Notional SubTotal

 

532,875,000.00

532,875,000.00

0.00

427,797.21

0.00

0.00

427,797.21

532,874,999.99

 

 

 

Deal Distribution Total

 

 

 

0.01

4,059,944.84

0.00

2,156,926.39

4,059,944.85

 

 

 

 

*

Denotes the Controlling Class (if required)

 

 

 

 

 

 

 

 

 

 

(1)

Calculated by taking (A) the sum of the ending certificate balance of all classes in a series less (B) the sum of (i) the ending certificate balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate to the designated class and

 

dividing the result by (A).

 

 

 

 

 

 

 

 

 

 

 

(2)

Pass-Through Rates with respect to any Class of Certificates on next month’s Payment Date is expected to be the same as the current respective Pass-Through Rate, subject to any modifications on the underlying loans, any change in certificate or pool balance, any change in

 

the underlying index (if and as applicable), and any other matters provided in the governing documents.

 

 

 

 

 

 

 

 

 

 

 

 

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Page 2 of 27

 


 

 

                     

 

 

 

 

Certificate Factor Detail

 

 

 

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

 

 

 

Interest Shortfalls

Interest

 

 

 

 

Class

CUSIP

Beginning Balance

Principal Distribution

Interest Distribution

/ (Paybacks)

Shortfalls

Prepayment Penalties

Losses

Total Distribution

Ending Balance

Regular Certificates

 

 

 

 

 

 

 

 

 

A-2

05493QAA3

1,000.00000000

0.00000009

5.16500005

0.00000000

0.00000000

0.00000000

0.00000000

5.16500014

999.99999991

A-3

05493QAB1

1,000.00000000

0.00000000

5.56250001

0.00000000

0.00000000

0.00000000

0.00000000

5.56250001

1,000.00000000

A-S

05493QAD7

1,000.00000000

0.00000000

6.21226407

0.00000000

0.00000000

0.00000000

0.00000000

6.21226407

1,000.00000000

B

05493QAE5

1,000.00000000

0.00000000

6.21226406

0.00000000

0.00000000

0.00000000

0.00000000

6.21226406

1,000.00000000

C

05493QAF2

1,000.00000000

0.00000000

6.21226389

0.00000000

0.00000000

0.00000000

0.00000000

6.21226389

1,000.00000000

D

05493QAQ8

1,000.00000000

0.00000000

0.27326468

5.93899945

36.86694605

0.00000000

0.00000000

0.27326468

1,000.00000000

E

05493QAS4

1,000.00000000

0.00000000

0.00000000

6.21226412

51.22476828

0.00000000

0.00000000

0.00000000

1,000.00000000

F

05493QAU9

1,000.00000000

0.00000000

0.00000000

4.16666704

33.82351486

0.00000000

0.00000000

0.00000000

1,000.00000000

G

05493QAW5

1,000.00000000

0.00000000

0.00000000

4.16666620

33.82351677

0.00000000

0.00000000

0.00000000

1,000.00000000

H

05493QAY1

1,000.00000000

0.00000000

0.00000000

4.16666667

47.65702244

0.00000000

0.00000000

0.00000000

1,000.00000000

J-RR

05493QBA2

1,000.00000000

0.00000000

0.00000000

6.21226412

98.59138796

0.00000000

88.59833190

0.00000000

911.40166810

R

05493QBC8

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

05493QAC9

1,000.00000000

0.00000000

0.73401286

0.00000000

0.00000000

0.00000000

0.00000000

0.73401286

999.99999998

X-F

05493QAJ4

1,000.00000000

0.00000000

2.04559783

0.00000000

0.00000000

0.00000000

0.00000000

2.04559783

1,000.00000000

X-G

05493QAL9

1,000.00000000

0.00000000

2.04559745

0.00000000

0.00000000

0.00000000

0.00000000

2.04559745

1,000.00000000

X-H

05493QAN5

1,000.00000000

0.00000000

2.04559765

0.00000000

0.00000000

0.00000000

0.00000000

2.04559765

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

04/01/26 - 04/30/26

30

0.00

552,742.81

0.00

552,742.81

0.00

0.00

0.00

552,742.81

0.00

 

A-3

04/01/26 - 04/30/26

30

0.00

2,213,357.69

0.00

2,213,357.69

0.00

0.00

0.00

2,213,357.69

0.00

 

X-A

04/01/26 - 04/30/26

30

0.00

370,620.71

0.00

370,620.71

0.00

0.00

0.00

370,620.71

0.00

 

X-F

04/01/26 - 04/30/26

30

0.00

18,443.11

0.00

18,443.11

0.00

0.00

0.00

18,443.11

0.00

 

X-G

04/01/26 - 04/30/26

30

0.00

14,756.94

0.00

14,756.94

0.00

0.00

0.00

14,756.94

0.00

 

X-H

04/01/26 - 04/30/26

30

0.00

23,976.45

0.00

23,976.45

0.00

0.00

0.00

23,976.45

0.00

 

A-S

04/01/26 - 04/30/26

30

0.00

442,499.57

0.00

442,499.57

0.00

0.00

0.00

442,499.57

0.00

 

B

04/01/26 - 04/30/26

30

0.00

240,855.69

0.00

240,855.69

0.00

0.00

0.00

240,855.69

0.00

 

C

04/01/26 - 04/30/26

30

0.00

179,242.45

0.00

179,242.45

0.00

0.00

0.00

179,242.45

0.00

 

D

04/01/26 - 04/30/26

30

387,993.15

78,417.41

0.00

78,417.41

74,967.99

0.00

0.00

3,449.42

465,371.46

 

E

04/01/26 - 04/30/26

30

564,684.87

78,417.41

0.00

78,417.41

78,417.41

0.00

0.00

0.00

646,610.25

 

F

04/01/26 - 04/30/26

30

266,276.66

37,566.67

0.00

37,566.67

37,566.67

0.00

0.00

0.00

304,952.81

 

G

04/01/26 - 04/30/26

30

213,056.78

30,058.33

0.00

30,058.33

30,058.33

0.00

0.00

0.00

244,002.85

 

H

04/01/26 - 04/30/26

30

507,635.31

48,837.50

0.00

48,837.50

48,837.50

0.00

0.00

0.00

558,587.96

 

J-RR

04/01/26 - 04/30/26

30

2,235,084.84

151,237.57

0.00

151,237.57

151,237.57

0.00

0.00

0.00

2,400,207.34

 

Totals

   

4,174,731.61

4,481,030.31

0.00

4,481,030.31

421,085.47

0.00

0.00

4,059,944.84

4,619,732.67

 

 

 

 

 

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Page 4 of 27

 


 

 

     

 

Additional Information

 

Total Available Distribution Amount (1)

4,059,944.85

 

(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

4,491,927.84

Master Servicing Fee

1,642.33

Interest Reductions due to Nonrecoverability Determination

(360,000.00)

Certificate Administrator Fee

7,399.54

Interest Adjustments

0.00

Trustee Fee

0.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

300.55

ARD Interest

0.00

Operating Advisor Fee

1,232.26

Net Prepayment Interest Excess / (Shortfall)

0.00

Asset Representations Reviewer Fee

210.38

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

 

 

Total Interest Collected

4,131,927.84

Total Fees

10,785.06

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

0.00

Reimbursement for Interest on Advances

511.49

Unscheduled Principal Collections

 

ASER Amount

12,867.22

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

26,250.00

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

2,156,926.40

Rating Agency Expenses

0.00

Principal Adjustments

0.00

Taxes Imposed on Trust Fund

0.00

 

 

Non-Recoverable Advances

2,156,926.39

 

 

Workout Delayed Reimbursement Amounts

0.00

 

 

Other Expenses

21,569.26

Total Principal Collected

2,156,926.40

Total Expenses/Reimbursements

2,218,124.36

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

4,059,944.84

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

0.01

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

0.00

Initial Interest Deposit Amount

0.00

Borrower Option Extension Fees

0.00

 

Total Other Collected

0.00

Total Payments to Certificateholders and Others

4,059,944.85

Total Funds Collected

6,288,854.24

Total Funds Distributed

6,288,854.27

 

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Page 6 of 27

 


 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

       Total

 

          Total

Beginning Scheduled Collateral Balance

721,320,000.00

721,320,000.00

Beginning Certificate Balance

721,320,000.00

(-) Scheduled Principal Collections

0.00

0.00

(-) Principal Distributions

0.01

(-) Unscheduled Principal Collections

2,156,926.40

2,156,926.40

(-) Realized Losses

2,156,926.39

(-) 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

2,156,926.39

(-) 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

719,163,073.60

719,163,073.60

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

721,320,000.00

721,320,000.00

Ending Certificate Balance

719,163,073.60

Ending Actual Collateral Balance

719,163,073.60

719,163,073.60

 

 

 

 

 

 

 

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

1,234.32

0.00

UC / (OC) Change

0.00

Current Period Advances

2,156,926.39

0.00

Ending UC / (OC)

0.00

Ending Cumulative Advances

2,158,160.71

0.00

Net WAC Rate

7.45%

 

 

 

 

UC / (OC) Interest

0.00

(1)

Current Period NRA and WODRA displayed will represent the portion applied as Realized Losses to the bonds.

 

 

 

(2)

Other Adjustments value will represent miscellaneous items that may impact the Scheduled Balance of the collateral.

 

 

 

**

A negative value for Certificate Other Adjustments represents the payback of prior Principal Shortfalls, if any.

 

 

 

 

 

 

 

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Page 7 of 27

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

Scheduled Balance

 

 

 

 

 

Debt Service Coverage Ratio¹

 

 

 

 

Scheduled

# Of

    Scheduled

% Of

 

 

Weighted Avg

Debt Service Coverage

# Of

    Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Balance

Loans

    Balance

Agg. Bal.

 

 

DSCR¹

Ratio

Loans

    Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

6

32,500,000.00

4.52%

28

7.2900

NAP

Defeased

6

32,500,000.00

4.52%

28

7.2900

NAP

 

4,999,999 or less

6

18,080,000.00

2.51%

29

7.2490

1.212389

1.39 or less

26

360,413,073.60

50.12%

30

7.5189

1.037963

5,000,000 to 9,999,999

17

106,740,000.00

14.84%

29

7.5840

1.268064

1.40 to 1.69

12

235,350,000.00

32.73%

29

8.1504

1.509745

10,000,000 to 19,999,999

13

171,343,073.60

23.83%

29

7.8553

1.377095

1.70 to 1.99

3

65,900,000.00

9.16%

29

4.6761

1.750000

20,000,000 to 29,999,999

2

42,500,000.00

5.91%

28

7.6853

1.375294

2.00 or more

4

25,000,000.00

3.48%

29

7.9850

2.090000

30,000,000 to 39,999,999

2

69,000,000.00

9.59%

29

7.9052

1.524783

Totals

51

719,163,073.60

100.00%

29

7.4709

1.338102

40,000,000 to 47,499,999

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

47,500,000 or higher

5

279,000,000.00

38.80%

30

7.0870

1.218996

 

 

 

 

 

 

 

 

Totals

51

719,163,073.60

100.00%

29

7.4709

1.338102

 

 

 

 

 

 

 

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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Page 8 of 27

 


 

 

                           

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

 

State³

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Type³

 

 

 

 

 

# Of

     Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

 

 

State

 

 

 

WAM²

WAC

 

 

# Of

     Scheduled

% Of

 

 

Weighted Avg

 

Properties

     Balance

Agg. Bal.

 

 

DSCR¹

Property Type

 

 

 

WAM²

WAC

 

 

 

 

 

 

 

 

 

Properties

     Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

1

32,500,000.00

4.52%

28

7.2900

NAP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Defeased

1

32,500,000.00

4.52%

28

7.2900

NAP

California

1

18,000,000.00

2.50%

29

8.6250

1.450000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial

2

16,850,000.00

2.34%

30

8.4228

1.384303

Connecticut

3

61,315,000.00

8.53%

28

7.8218

1.418329

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lodging

5

119,343,073.60

16.59%

30

8.5681

1.424638

Georgia

1

8,000,000.00

1.11%

30

8.3900

1.350000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed Use

2

62,600,000.00

8.70%

30

7.8905

1.207923

Illinois

2

12,480,000.00

1.74%

30

8.0064

1.170513

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Family

11

247,450,000.00

34.41%

30

6.4680

1.110190

Michigan

1

9,250,000.00

1.29%

30

8.3200

1.470000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Office

6

128,725,000.00

17.90%

28

7.7909

1.572851

New Jersey

1

25,000,000.00

3.48%

29

7.9850

2.090000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

2

98,500,000.00

13.70%

29

7.8619

1.379594

New York

12

242,225,000.00

33.68%

30

7.3210

1.230733

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Self Storage

4

13,195,000.00

1.83%

30

7.5555

1.133372

North Carolina

2

29,300,000.00

4.07%

26

7.3124

1.434198

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

33

719,163,073.60

100.00%

29

7.4709

1.338102

Oregon

1

17,500,000.00

2.43%

30

8.3600

1.410000

 

 

 

 

 

 

 

 

Pennsylvania

4

140,750,000.00

19.57%

30

6.7047

1.637382

 

 

 

 

 

 

 

 

Texas

4

122,843,073.60

17.08%

30

7.9764

0.792846

 

 

 

 

 

 

 

 

Totals

33

719,163,073.60

100.00%

29

7.4709

1.338102

 

 

 

 

 

 

 

 

 

Note: Please refer to footnotes on the next page of the report.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 9 of 27

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

Note Rate

 

 

 

 

 

Seasoning

 

 

 

 

 

# Of

     Scheduled

% Of

 

 

Weighted Avg

 

# Of

   Scheduled

% Of

 

 

Weighted Avg

 

Note Rate

 

 

 

WAM²

WAC

 

Seasoning

 

 

 

WAM²

WAC

 

 

 

Loans

     Balance

Agg. Bal.

 

 

DSCR¹

 

Loans

    Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

6

32,500,000.00

4.52%

28

7.2900

NAP

Defeased

6

32,500,000.00

4.52%

28

7.2900

NAP

 

4.99999 or less

3

65,900,000.00

9.16%

29

4.6761

1.750000

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

5.00000 to 6.49999

1

65,000,000.00

9.04%

30

6.0700

1.160000

13 months to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

6.50000 to 6.99999

1

7,700,000.00

1.07%

30

6.9900

0.990000

25 months or greater

45

686,663,073.60

95.48%

29

7.4795

1.306301

 

7.00000 to 7.49999

13

84,330,000.00

11.73%

28

7.3063

1.124742

Totals

51

719,163,073.60

100.00%

29

7.4709

1.338102

 

7.50000 to 7.99999

16

255,725,000.00

35.56%

29

7.9071

1.424168

 

 

 

 

 

 

 

 

8.00000 or greater

11

208,008,073.60

28.92%

30

8.3707

1.151859

 

 

 

 

 

 

 

 

Totals

51

719,163,073.60

100.00%

29

7.4709

1.338102

 

 

 

 

 

 

 

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 10 of 27

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

Anticipated Remaining Term (ARD and Balloon Loans)

 

 

 

Remaining Amortization Term (ARD and Balloon Loans)

 

 

 

Anticipated

# Of

     Scheduled

% Of

 

 

Weighted Avg

Remaining

# Of

    Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Remaining Term

Loans

     Balance

Agg. Bal.

 

 

DSCR¹

Amortization Term

Loans

     Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

6

32,500,000.00

4.52%

28

7.2900

NAP

Defeased

6

32,500,000.00

4.52%

28

7.2900

NAP

 

56 months or less

45

686,663,073.60

95.48%

29

7.4795

1.306301

Interest Only

45

686,663,073.60

95.48%

29

7.4795

1.306301

 

57 months or greater

0

0.00

0.00%

0

0.0000

0.000000

Others

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

51

719,163,073.60

100.00%

29

7.4709

1.338102

Totals

51

719,163,073.60

100.00%

29

7.4709

1.338102

(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

 

Defeased

6

32,500,000.00

4.52%

28

7.2900

NAP

 

 

No outstanding loans in this group

 

Underwriter's Information

2

14,500,000.00

2.02%

30

7.9824

1.255517

 

 

 

 

 

 

12 months or less

40

602,313,073.60

83.75%

29

7.4138

1.386534

 

 

 

 

 

 

13 months to 24 months

3

69,850,000.00

9.71%

30

7.9413

0.625004

 

 

 

 

 

 

25 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

51

719,163,073.60

100.00%

29

7.4709

1.338102

 

 

 

 

 

(1)

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

 

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

 

 

(2)

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

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

Page 12 of 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

1A2

30322039

MF

Philadelphia

PA

Actual/360

4.676%

194,839.17

0.00

0.00

N/A

10/08/28

--

50,000,000.00

50,000,000.00

05/08/26

1A4

30322040

 

 

 

Actual/360

4.676%

38,967.83

0.00

0.00

N/A

10/08/28

--

10,000,000.00

10,000,000.00

05/08/26

1A5

30322041

 

 

 

Actual/360

4.676%

22,991.02

0.00

0.00

N/A

10/08/28

--

5,900,000.00

5,900,000.00

05/08/26

2

30322042

MF

New York

NY

Actual/360

6.070%

328,791.67

0.00

0.00

N/A

11/06/28

--

65,000,000.00

65,000,000.00

05/06/26

3A1

30510217

LO

Philadelphia

PA

Actual/360

8.705%

398,979.17

0.00

0.00

N/A

11/06/28

--

55,000,000.00

55,000,000.00

05/06/26

3A4

30510218

 

 

 

Actual/360

8.705%

72,541.67

0.00

0.00

N/A

11/06/28

--

10,000,000.00

10,000,000.00

05/06/26

4A4

30322043

RT

West Hartford

CT

Actual/360

7.795%

194,875.00

0.00

0.00

N/A

09/06/28

--

30,000,000.00

30,000,000.00

05/06/26

4A5

30322044

 

 

 

Actual/360

7.795%

103,933.33

0.00

0.00

N/A

09/06/28

--

16,000,000.00

16,000,000.00

05/06/26

4A6

30322045

 

 

 

Actual/360

7.795%

64,958.33

0.00

0.00

N/A

09/06/28

--

10,000,000.00

10,000,000.00

05/06/26

5A1-1

30322046

MU

Sugar Land

TX

Actual/360

7.966%

365,108.33

0.00

0.00

N/A

11/06/28

--

55,000,000.00

55,000,000.00

05/06/26

6

30322049

MF

Houston

TX

Actual/360

8.000%

0.00

0.00

0.00

N/A

11/06/28

--

54,000,000.00

54,000,000.00

09/06/24

7A1

30510202

RT

Buffalo

NY

Actual/360

7.950%

33,125.00

0.00

0.00

N/A

11/01/28

--

5,000,000.00

5,000,000.00

05/01/26

7A2-1

30510203

 

 

 

Actual/360

7.950%

149,062.50

0.00

0.00

N/A

11/01/28

--

22,500,000.00

22,500,000.00

05/01/26

7A2-2

30510204

 

 

 

Actual/360

7.950%

99,375.00

0.00

0.00

N/A

11/01/28

--

15,000,000.00

15,000,000.00

05/01/26

8

30322050

OF

Brooklyn

NY

Actual/360

7.990%

259,675.00

0.00

0.00

N/A

11/06/28

--

39,000,000.00

39,000,000.00

05/06/26

9A3

30322051

MU

Collegeville

PA

Actual/360

7.290%

60,750.00

0.00

0.00

N/A

09/06/28

--

10,000,000.00

10,000,000.00

05/06/26

9A5

30322052

 

 

 

Actual/360

7.290%

30,375.00

0.00

0.00

N/A

09/06/28

--

5,000,000.00

5,000,000.00

05/06/26

9A7

30322053

 

 

 

Actual/360

7.290%

30,375.00

0.00

0.00

N/A

09/06/28

--

5,000,000.00

5,000,000.00

05/06/26

9A9

30322054

 

 

 

Actual/360

7.290%

30,375.00

0.00

0.00

N/A

09/06/28

--

5,000,000.00

5,000,000.00

05/06/26

9A10

30322055

 

 

 

Actual/360

7.290%

30,375.00

0.00

0.00

N/A

09/06/28

--

5,000,000.00

5,000,000.00

05/06/26

9A11

30322056

 

 

 

Actual/360

7.290%

15,187.50

0.00

0.00

N/A

09/06/28

--

2,500,000.00

2,500,000.00

05/06/26

10A2

30322057

OF

Red Bank

NJ

Actual/360

7.985%

66,541.67

0.00

0.00

N/A

10/06/28

--

10,000,000.00

10,000,000.00

05/06/26

10A3

30322058

 

 

 

Actual/360

7.985%

33,270.83

0.00

0.00

N/A

10/06/28

--

5,000,000.00

5,000,000.00

05/06/26

10A4

30322059

 

 

 

Actual/360

7.985%

33,270.83

0.00

0.00

N/A

10/06/28

--

5,000,000.00

5,000,000.00

05/06/26

10A5

30322060

 

 

 

Actual/360

7.985%

33,270.83

0.00

0.00

N/A

10/06/28

--

5,000,000.00

5,000,000.00

05/06/26

11A3

30510124

OF

Charlotte

NC

Actual/360

7.388%

123,125.00

0.00

0.00

N/A

06/06/28

--

20,000,000.00

20,000,000.00

05/06/26

11A5-2

30510215

 

 

 

Actual/360

7.388%

18,468.75

0.00

0.00

N/A

06/06/28

--

3,000,000.00

3,000,000.00

05/06/26

12A5

30322061

OF

New York

NY

Actual/360

7.960%

99,500.00

0.00

0.00

N/A

10/01/28

--

15,000,000.00

15,000,000.00

05/01/26

 

 

 

 

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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

12A6-2

30322062

 

 

 

Actual/360

7.960%

6,633.33

0.00

0.00

N/A

10/01/28

--

1,000,000.00

1,000,000.00

05/01/26

12A7

30322063

 

 

 

Actual/360

7.960%

37,975.83

0.00

0.00

N/A

10/01/28

--

5,725,000.00

5,725,000.00

05/01/26

13A2-5

30322064

OF

New York

NY

Actual/360

7.440%

62,000.00

0.00

0.00

N/A

07/06/28

--

10,000,000.00

10,000,000.00

04/06/26

13A2-8

30322065

 

 

 

Actual/360

7.440%

31,000.00

0.00

0.00

N/A

07/06/28

--

5,000,000.00

5,000,000.00

04/06/26

13A3-6

30322066

 

 

 

Actual/360

7.440%

31,000.00

0.00

0.00

N/A

07/06/28

--

5,000,000.00

5,000,000.00

04/06/26

14

30510177

LO

Bishop

CA

Actual/360

8.625%

129,375.00

0.00

0.00

N/A

10/06/28

--

18,000,000.00

18,000,000.00

05/06/26

15

30322067

LO

Portland

OR

Actual/360

8.360%

121,916.67

0.00

0.00

N/A

11/06/28

--

17,500,000.00

17,500,000.00

05/06/26

16

30322068

MF

Bronx

NY

Actual/360

7.597%

104,458.75

0.00

0.00

N/A

11/06/28

--

16,500,000.00

16,500,000.00

05/06/26

17

30322069

LO

Austin

TX

Actual/360

8.120%

87,966.67

2,156,926.40

0.00

N/A

11/06/28

--

13,000,000.00

10,843,073.60

02/06/26

18

30322070

MF

Bronx

NY

Actual/360

8.130%

84,687.50

0.00

0.00

N/A

11/06/28

--

12,500,000.00

12,500,000.00

05/06/26

19

30322071

IN

Rochester Hills

MI

Actual/360

8.320%

64,133.33

0.00

0.00

N/A

11/06/28

--

9,250,000.00

9,250,000.00

05/06/26

20A2

30322072

LO

Atlanta

GA

Actual/360

8.390%

55,933.33

0.00

0.00

N/A

11/06/28

--

8,000,000.00

8,000,000.00

05/06/26

21

30510255

MF

Pittsburgh

PA

Actual/360

7.080%

46,315.00

0.00

0.00

N/A

11/06/28

--

7,850,000.00

7,850,000.00

05/06/26

22

30510256

MF

New York

NY

Actual/360

6.990%

44,852.50

0.00

0.00

N/A

11/05/28

--

7,700,000.00

7,700,000.00

05/05/26

23

30322073

MU

New York

NY

Actual/360

7.344%

46,512.00

0.00

0.00

N/A

11/06/28

--

7,600,000.00

7,600,000.00

05/06/26

24

30510233

IN

Edwardsville

IL

Actual/360

8.548%

54,137.33

0.00

0.00

N/A

11/06/28

--

7,600,000.00

7,600,000.00

05/06/26

25

30510260

MF

Concord

NC

Actual/360

7.038%

36,949.50

0.00

0.00

N/A

11/06/28

--

6,300,000.00

6,300,000.00

05/06/26

26

30510181

MF

New York

NY

Actual/360

7.410%

33,962.50

0.00

0.00

N/A

10/06/28

--

5,500,000.00

5,500,000.00

02/06/25

27

30510178

SS

Various

CT

Actual/360

8.104%

35,893.97

0.00

0.00

N/A

10/06/28

--

5,315,000.00

5,315,000.00

05/06/26

28

30510257

SS

Rockford

IL

Actual/360

7.163%

29,129.53

0.00

0.00

N/A

11/06/28

--

4,880,000.00

4,880,000.00

05/06/26

29

30322074

MF

Brooklyn

NY

Actual/360

7.190%

25,165.00

0.00

0.00

N/A

10/06/28

--

4,200,000.00

4,200,000.00

05/06/26

30

30510232

SS

Houston

TX

Actual/360

7.222%

18,055.00

0.00

0.00

N/A

11/06/28

--

3,000,000.00

3,000,000.00

05/06/26

31

30322075

MF

Philadelphia

PA

Actual/360

7.060%

11,766.67

0.00

0.00

N/A

11/06/28

--

2,000,000.00

2,000,000.00

11/06/24

Totals

 

 

 

 

 

 

4,131,927.84

2,156,926.40

0.00

 

 

 

721,320,000.00

719,163,073.60

 

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

 

1A2

15,596,429.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

1A4

15,596,429.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

1A5

15,596,429.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

2

4,695,716.26

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

3A1

36,439,855.68

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

3A4

36,439,855.68

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

4A4

28,875,365.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

4A5

28,875,365.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

4A6

28,875,365.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5A1-1

11,201,784.54

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6

0.00

0.00

--

--

       04/11/25

22,950,617.85

1,022,105.77

(796.95)

3,356,525.48

5,050,727.23

2,156,926.39

 

 

7A1

4,808,443.37

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

7A2-1

4,808,443.37

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

7A2-2

4,808,443.37

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

8

5,160,518.28

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

9A3

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

9A5

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

9A7

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

9A9

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

9A10

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

9A11

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

10A2

9,401,694.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

10A3

9,401,694.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

10A4

9,401,694.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

10A5

9,401,694.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

11A3

10,472,145.81

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

11A5-2

10,472,145.81

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

12A5

11,249,228.00

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

 

12A6-2

11,249,228.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

12A7

11,249,228.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

13A2-5

30,496,753.79

0.00

--

--

--

 

0.00

0.00

61,968.75

61,968.75

0.00

0.00

 

 

13A2-8

30,496,753.79

0.00

--

--

--

 

0.00

0.00

30,984.37

30,984.37

0.00

0.00

 

 

13A3-6

30,496,753.79

0.00

--

--

--

 

0.00

0.00

30,984.37

30,984.37

0.00

0.00

 

 

14

2,608,161.08

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

15

2,325,932.95

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

16

1,638,014.59

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

17

606,534.00

0.00

--

--

      03/11/26

0.00

0.00

87,774.81

260,887.43

0.00

0.00

 

 

18

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

19

1,152,423.23

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

20A2

5,377,562.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

21

0.00

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

22

544,434.65

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

23

804,186.79

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

24

892,016.05

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

25

635,735.88

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

26

(643,003.00)

0.00

--

--

     01/12/26

1,619,455.79

87,902.26

23,884.56

425,890.14

8,819.51

0.00

 

 

27

522,305.34

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

28

373,127.57

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

29

367,993.35

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

30

278,392.31

0.00

--

--

--

 

0.00

0.00

0.00

0.00

0.00

0.00

 

 

31

0.00

0.00

--

--

     01/12/26

488,067.37

29,445.13

8,866.70

184,632.33

21,592.75

0.00

 

 

Totals

443,051,272.33

0.00

     

 

25,058,141.01

1,139,453.16

243,666.61

4,351,872.87

5,081,139.49

2,156,926.39

 

 

 

 

 

 

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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

17

30322069

2,156,926.40

Partial Liquidation (Curtailment)

0.00

0.00

Totals

 

2,156,926.40

 

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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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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

05/15/26

0

0.00

1

10,843,073.60

3

61,500,000.00

0

0.00

0

0.00

0

0.00

 

1

2,156,926.40

0

0.00

 

7.470905%

7.452775%

29

04/17/26

0

0.00

0

0.00

4

74,500,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.472846%

7.454717%

30

03/17/26

0

0.00

0

0.00

4

74,500,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.472846%

7.454717%

31

02/18/26

0

0.00

0

0.00

4

74,500,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.472846%

7.454717%

32

01/16/26

1

65,000,000.00

0

0.00

4

74,500,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.472846%

7.454717%

33

12/17/25

0

0.00

0

0.00

4

74,500,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.472846%

7.454717%

34

11/18/25

0

0.00

1

13,000,000.00

3

61,500,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.472846%

7.454717%

35

10/20/25

0

0.00

0

0.00

4

74,500,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.472846%

7.454717%

36

09/17/25

0

0.00

2

78,000,000.00

3

61,500,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.472846%

7.454717%

37

08/15/25

1

65,000,000.00

0

0.00

4

74,500,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.472846%

7.454717%

38

07/17/25

0

0.00

1

13,000,000.00

3

61,500,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.472846%

7.454717%

39

06/17/25

1

13,000,000.00

0

0.00

3

61,500,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.472846%

7.454717%

40

(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

6

30322049

09/06/24

19

6

 

(796.95)

3,356,525.48

8,088,530.43

54,000,000.00

10/07/24

98

 

 

 

 

13A2-5

30322064

04/06/26

0

B

 

61,968.75

61,968.75

0.00

 

10,000,000.00

 

 

 

 

 

 

13A2-8

30322065

04/06/26

0

B

 

30,984.37

30,984.37

0.00

 

5,000,000.00

 

 

 

 

 

 

13A3-6

30322066

04/06/26

0

B

 

30,984.37

30,984.37

0.00

 

5,000,000.00

 

 

 

 

 

 

17

30322069

02/06/26

2

2

 

87,774.81

260,887.43

0.00

 

10,843,073.60

07/07/25

98

 

 

 

 

26

30510181

02/06/25

14

6

 

23,884.56

425,890.14

80,755.07

5,500,000.00

05/07/25

98

 

 

 

 

31

30322075

11/06/24

17

6

 

8,866.70

184,632.33

78,341.94

2,000,000.00

02/11/25

2

 

 

 

 

Totals

 

 

 

 

 

243,666.61

4,351,872.87

8,247,627.44

92,343,073.60

 

 

 

 

 

 

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

 

719,163,074

646,820,000

           72,343,074

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

 

 

May-26

719,163,074

646,820,000

0

10,843,074

61,500,000

0

 

Apr-26

721,320,000

646,820,000

0

0

74,500,000

0

 

Mar-26

721,320,000

646,820,000

0

0

74,500,000

0

 

Feb-26

721,320,000

646,820,000

0

0

74,500,000

0

 

Jan-26

721,320,000

581,820,000

65,000,000

0

74,500,000

0

 

Dec-25

721,320,000

646,820,000

0

0

74,500,000

0

 

Nov-25

721,320,000

646,820,000

0

13,000,000

61,500,000

0

 

Oct-25

721,320,000

646,820,000

0

0

74,500,000

0

 

Sep-25

721,320,000

581,820,000

0

78,000,000

61,500,000

0

 

Aug-25

721,320,000

581,820,000

65,000,000

0

74,500,000

0

 

Jul-25

721,320,000

646,820,000

0

13,000,000

61,500,000

0

 

Jun-25

721,320,000

646,820,000

13,000,000

0

61,500,000

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

6

30322049

54,000,000.00

54,000,000.00

38,100,000.00

01/23/25

2,680,725.33

0.45000

09/30/24

11/06/28

I/O

17

30322069

10,843,073.60

10,843,073.60

22,500,000.00

12/02/25

429,314.00

0.41000

09/30/25

11/06/28

I/O

26

30510181

5,500,000.00

5,500,000.00

4,675,000.00

07/30/25

(643,003.00)

(1.69000)

09/30/25

10/06/28

I/O

31

30322075

2,000,000.00

2,000,000.00

1,900,000.00

09/19/25

185,643.00

1.29000

--

11/06/28

I/O

Totals

 

72,343,073.60

72,343,073.60

67,175,000.00

 

2,652,679.33

 

 

 

 

 

 

 

 

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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

 

6

30322049

MF

TX

10/07/24

98

 

 

 

 

5/11/2026 - The loan transferred to special servicing for payment default on 10/9/2024. Property is an 881 unit multi-family complex in Houston, TX southwest of George Bush Airport in Greenpoint. Property experienced damage during the Wind

 

Storm in May 2024 and Beryl in July 2024. Borrower had been using funds to pay for capital repairs. Property was reported ~74% occupied on 3.31.25 by the borrower. Borrower declared bankruptcy prior to implementation of the receiver. Case

 

has proceeded in bankrup tcy court with a relief from stay granted 7/24 while maintaining the 2 week appeal period. Lender filed for Receivership 8/11/25 and was granted the receivership 8/20/25. Bankruptcy has been dismissed. Receiver is in

 

control and continuing to try and driv e leasing. Occupancy is now 24% as move outs continue to outpace move-ins. Lender will continue working to improve occupancy and make high ROC capital repairs.

 

17

30322069

LO

TX

07/07/25

98

 

 

 

 

5/11/2026 - The loan is 60+days delinquent and transferred to Special Servicing on 7/9/2025. Collateral is a 161 room extended stay hotel, operating as a Staybridge Suites, located in the Airport submarket of Austin, TX. Legal counsel is being

 

re tained and Notice of Default has been issued. Lender has reviewed Borrower''s request for FF&E and PIP reimbursements. Proceeding with dual track enforcement and potential Forbearance to provide the Borrower time to bring current.

 

Negotiations are ongo ing

 

 

 

 

 

 

 

26

30510181

MF

NY

05/07/25

98

 

 

 

 

5/11/2026 - Loan transferred to the Special Servicer on 5/9/2025 due to delinquent payments. The Loan is secured by a four-story, walk-up, multi-family apartment building with ten free market residential units in the Central Harlem neighborhood

 

in New York, NY. Counsel has been retained. Lender is moving forward with enforcement actions while continuing discussions with Borrower.

 

 

 

 

31

30322075

MF

PA

02/11/25

2

 

 

 

 

5/11/2026 - The Loan transferred on 2/14/2025 due to Delinquent Payments after Borrower failed to make the December 2024 Payment. Loan does not have a lockbox in place; however, the Loan Documents note springing provisions. Collateral

 

is a 6-unit walk -up low-rise multifamily property located in Philadelphia, PA. Built in 1928, and renovated in 2023, the Property is improved with two, four-story buildings totaling 6,700 sq. ft. and situated on a 0.07 acre site. The unit mix consists of

 

a 1BR/1BA unit ( 16.7% of Units) and five 2BR/2BA bi-level units (83.3% of Units). Borrower has not complied with Lender's demands for rent. Continuing to dual-track foreclosure with workout discussions.

 

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)

6

0.00

0.00

11,250.00

0.00

0.00

0.00

0.00

360,000.00

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

41.07

0.00

0.00

0.00

17

0.00

0.00

5,000.00

0.00

0.00

0.00

0.00

0.00

446.79

0.00

21,569.26

0.00

26

0.00

0.00

5,000.00

0.00

0.00

9,996.77

0.00

0.00

0.00

0.00

0.00

0.00

28

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

23.63

0.00

0.00

0.00

31

0.00

0.00

5,000.00

0.00

0.00

2,870.45

0.00

0.00

0.00

0.00

0.00

0.00

Total

0.00

0.00

26,250.00

0.00

0.00

12,867.22

0.00

360,000.00

511.49

0.00

21,569.26

0.00

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

 

 

Collateral Shortfall Total

421,197.97

 

 

 

 

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Page 26 of 27

 


 

 

     

 

Supplemental Notes

 

 

None

 

 

 

 

 

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Page 27 of 27