Distribution Date:

10/19/26

3650R 2021-PF1 Commercial Mortgage Trust

Determination Date:

10/13/26

 

Next Distribution Date:

11/18/26

 

Record Date:

09/30/26

Commercial Mortgage Pass-Through Certificates

 

 

Series 2021-PF1

 

           

Table of Contents

 

 

Contacts

 

 

Section

Pages

Role

Party and Contact Information

 

 

Certificate Distribution Detail

2

Depositor

3650 REIT Commercial Mortgage Securities II LLC

 

 

Certificate Factor Detail

3

 

Attention: General Counsel

 

compliance@3650REIT.com

Certificate Interest Reconciliation Detail

4

 

2977 McFarlane Road, Suite 300 | Miami, FL 33133 | United States

 

 

 

 

Certificate Administrator

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

 

 

Additional Information

5

 

Bank, N.A.

 

 

Bond / Collateral Reconciliation - Cash Flows

6

 

Corporate Trust Services (CMBS)

 

cctcmbsbondadmin@computershare.com;

 

 

 

 

 

trustadministrationgroup@computershare.com

Bond / Collateral Reconciliation - Balances

7

 

 

 

 

 

 

 

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

 

 

Current Mortgage Loan and Property Stratification

8-12

Master Servicer

Midland Loan Services, a Division of PNC Bank, N.A.

 

 

Mortgage Loan Detail (Part 1)

13-14

 

Executive Vice President - Division Head

 

NoticeAdmin@midlandls.com

Mortgage Loan Detail (Part 2)

15-16

 

10851 Mastin Street, Suite 700 | Overland Park, KS 66210 | United States

 

Principal Prepayment Detail

17

Special Servicer

3650 REIT Loan Servicing LLC

 

 

Historical Detail

18

 

Attention: General Counsel

 

compliance@3650REIT.com

Delinquency Loan Detail

19

 

2977 McFarlane Road, Suite 300 | Miami, FL 33133 | United States

 

 

 

 

Operating Advisor & Asset

Park Bridge Lender Services LLC

 

 

Collateral Stratification and Historical Detail

20

Representations Reviewer

 

 

 

Specially Serviced Loan Detail - Part 1

21

 

David Rodgers

(212) 230-9025

 

Specially Serviced Loan Detail - Part 2

22

 

600 Third Avenue, 33rd Floor | New York, NY 10016 | United States

 

 

Modified Loan Detail

23

Rating Agency

Fitch Ratings, Inc.

 

 

Historical Liquidated Loan Detail

24

 

 

(212) 908-0500

 

 

 

 

33 Whitehall Street | New York, NY 10004 | United States

 

 

Historical Bond / Collateral Loss Reconciliation Detail

25

 

 

 

 

 

 

Rating Agency

Kroll Bond Rating Agency, LLC

 

 

Interest Shortfall Detail - Collateral Level

26

 

 

 

 

 

 

 

General

(212) 702-0707

 

Supplemental Notes

27

 

 

 

 

 

 

 

805 Third Avenue | New York, NY 10022 | United States

 

 

 

 

Rating Agency

Standard & Poor's Ratings Services

 

 

 

 

 

 

(416) 202-6001

 

 

 

 

130 King Street West, Suite 2750 | Toronto, ON M5X 1E5 | Canada

 

 

 

This report is compiled by Computershare Trust Company, N.A. from information provided by third parties. Computershare Trust Company, N.A. has not independently confirmed the accuracy of the information.

Please visit www.ctslink.com for additional information and if applicable, any special notices and any credit risk retention notices. In addition, certificate holders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526.

   

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Page 1 of 27

 


 
 

 

                         

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

Original

 

 

   Pass-Through

 

 

      Principal

      Interest

      Prepayment

 

 

 

Credit

Credit

Class

CUSIP

   Rate (2)

     Original Balance                            Beginning Balance

     Distribution

     Distribution

      Penalties

      Realized Losses            Total Distribution         Ending Balance

Support¹       Support¹

 

A-1

88581EAA9

1.122000%

26,952,000.00

500,844.48

500,844.48

468.29

0.00

0.00

501,312.77

0.00

0.00%

30.00%

A-3

88581EAB7

1.995000%

141,041,000.00

141,041,000.00

34,274.43

234,480.66

0.00

0.00

268,755.09

141,006,725.57

30.91%

30.00%

A-4

88581EAC5

2.253000%

125,000,000.00

125,000,000.00

0.00

234,687.50

0.00

0.00

234,687.50

125,000,000.00

30.91%

30.00%

A-5

88581EAD3

2.522000%

327,298,000.00

327,298,000.00

0.00

687,871.30

0.00

0.00

687,871.30

327,298,000.00

30.91%

30.00%

A-SB

88581EAE1

2.372000%

22,719,000.00

22,719,000.00

531.46

44,907.89

0.00

0.00

45,439.35

22,718,468.54

30.91%

30.00%

A-S

88581EAH4

2.778000%

48,226,000.00

48,226,000.00

0.00

111,643.19

0.00

0.00

111,643.19

48,226,000.00

25.50%

24.75%

B

88581EAJ0

2.717000%

43,633,000.00

43,633,000.00

0.00

98,792.38

0.00

0.00

98,792.38

43,633,000.00

20.61%

20.00%

C

88581EAK7

3.213000%

47,077,000.00

47,077,000.00

0.00

126,048.67

0.00

0.00

126,048.67

47,077,000.00

15.33%

14.88%

D

88581EAN1

2.250000%

29,854,000.00

29,854,000.00

0.00

55,976.25

0.00

0.00

55,976.25

29,854,000.00

11.98%

11.63%

E

88581EAQ4

2.250000%

10,794,000.00

10,794,000.00

0.00

20,238.75

0.00

0.00

20,238.75

10,794,000.00

10.77%

10.45%

F-RR

88581EAT8

3.353989%

14,468,000.00

14,468,000.00

0.00

40,437.92

0.00

0.00

40,437.92

14,468,000.00

9.14%

8.88%

G-RR

88581EAV3

3.353989%

26,409,000.00

26,409,000.00

0.00

73,812.90

0.00

0.00

73,812.90

26,409,000.00

6.18%

6.00%

J-RR

88581EAX9

3.353989%

11,482,000.00

11,482,000.00

0.00

32,092.08

0.00

0.00

32,092.08

11,482,000.00

4.89%

4.75%

NR-RR

88581EAZ4

3.353989%

43,633,611.00

43,633,611.00

0.00

104,616.00

0.00

0.00

104,616.00

43,633,611.00

0.00%

0.00%

Z

88581EBB6

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

R

88581EBC4

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

918,586,611.00

892,135,455.48

535,650.37

1,866,073.78

0.00

0.00

2,401,724.15

891,599,805.11

 

 

 

 

X-A

88581EAF8

0.981987%

691,236,000.00

664,784,844.48

0.00

544,008.52

0.00

0.00

544,008.52

664,249,194.11

 

 

X-B

88581EAG6

0.379573%

90,710,000.00

90,710,000.00

0.00

28,692.54

0.00

0.00

28,692.54

90,710,000.00

 

 

X-D

88581EAL5

1.103989%

40,648,000.00

40,648,000.00

0.00

37,395.78

0.00

0.00

37,395.78

40,648,000.00

 

 

Notional SubTotal

 

822,594,000.00

796,142,844.48

0.00

610,096.84

0.00

0.00

610,096.84

795,607,194.11

 

 

 

Deal Distribution Total

 

 

 

535,650.37

2,476,170.62

0.00

0.00

3,011,820.99

 

 

 

 

*

Denotes the Controlling Class (if required)

 

 

 

 

 

 

 

 

 

 

(1)

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

 

dividing the result by (A).

 

 

 

 

 

 

 

 

 

 

 

(2)

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

Page 2 of 27

 


 
 

 

                     

 

 

 

 

Certificate Factor Detail

 

 

 

 

 

 

 

 

 

    Cumulative

 

 

 

 

 

 

 

 

 

     Interest Shortfalls

    Interest

 

 

 

 

Class

CUSIP

      Beginning Balance

     Principal Distribution

       Interest Distribution

     / (Paybacks)

    Shortfalls

      Prepayment Penalties

      Losses

      Total Distribution

        Ending Balance

Regular Certificates

 

 

 

 

 

 

 

 

 

A-1

88581EAA9

18.58283170

18.58283170

0.01737496

0.00000000

0.00000000

0.00000000

0.00000000

18.60020666

0.00000000

A-3

88581EAB7

1,000.00000000

0.24301040

1.66249998

0.00000000

0.00000000

0.00000000

0.00000000

1.90551038

999.75698960

A-4

88581EAC5

1,000.00000000

0.00000000

1.87750000

0.00000000

0.00000000

0.00000000

0.00000000

1.87750000

1,000.00000000

A-5

88581EAD3

1,000.00000000

0.00000000

2.10166668

0.00000000

0.00000000

0.00000000

0.00000000

2.10166668

1,000.00000000

A-SB

88581EAE1

1,000.00000000

0.02339275

1.97666667

0.00000000

0.00000000

0.00000000

0.00000000

2.00005942

999.97660725

A-S

88581EAH4

1,000.00000000

0.00000000

2.31500000

0.00000000

0.00000000

0.00000000

0.00000000

2.31500000

1,000.00000000

B

88581EAJ0

1,000.00000000

0.00000000

2.26416657

0.00000000

0.00000000

0.00000000

0.00000000

2.26416657

1,000.00000000

C

88581EAK7

1,000.00000000

0.00000000

2.67750005

0.00000000

0.00000000

0.00000000

0.00000000

2.67750005

1,000.00000000

D

88581EAN1

1,000.00000000

0.00000000

1.87500000

0.00000000

0.00000000

0.00000000

0.00000000

1.87500000

1,000.00000000

E

88581EAQ4

1,000.00000000

0.00000000

1.87500000

0.00000000

0.00000000

0.00000000

0.00000000

1.87500000

1,000.00000000

F-RR

88581EAT8

1,000.00000000

0.00000000

2.79499032

0.00000000

0.00000000

0.00000000

0.00000000

2.79499032

1,000.00000000

G-RR

88581EAV3

1,000.00000000

0.00000000

2.79499034

0.00000000

0.00000000

0.00000000

0.00000000

2.79499034

1,000.00000000

J-RR

88581EAX9

1,000.00000000

0.00000000

2.79499042

0.00000000

0.00000000

0.00000000

0.00000000

2.79499042

1,000.00000000

NR-RR

88581EAZ4

1,000.00000000

0.00000000

2.39760124

0.39738930

3.53980788

0.00000000

0.00000000

2.39760124

1,000.00000000

Z

88581EBB6

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

R

88581EBC4

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

88581EAF8

961.73353888

0.00000000

0.78700837

0.00000000

0.00000000

0.00000000

0.00000000

0.78700837

960.95862211

X-B

88581EAG6

1,000.00000000

0.00000000

0.31631066

0.00000000

0.00000000

0.00000000

0.00000000

0.31631066

1,000.00000000

X-D

88581EAL5

1,000.00000000

0.00000000

0.91999065

0.00000000

0.00000000

0.00000000

0.00000000

0.91999065

1,000.00000000

 

 

 

 

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Page 3 of 27

 


 
 

 

                         

 

 

 

 

Certificate Interest Reconciliation Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

       Additional

 

 

 

 

 

 

 

     Accrued

       Net Aggregate

      Distributable

      Interest

 

       Interest

 

 

 

 

 

Accrual

     Prior Interest

     Certificate

      Prepayment

      Certificate

       Shortfalls /

      Payback of Prior

        Distribution

     Interest

       Cumulative

 

Class

Accrual Period

Days

      Shortfalls

     Interest

     Interest Shortfall

     Interest

      (Paybacks)

       Realized Losses

       Amount

     Distribution

      Interest Shortfalls

 

A-1

09/01/26 - 09/30/26

30

0.00

468.29

0.00

468.29

0.00

0.00

0.00

468.29

0.00

 

A-3

09/01/26 - 09/30/26

30

0.00

234,480.66

0.00

234,480.66

0.00

0.00

0.00

234,480.66

0.00

 

A-4

09/01/26 - 09/30/26

30

0.00

234,687.50

0.00

234,687.50

0.00

0.00

0.00

234,687.50

0.00

 

A-5

09/01/26 - 09/30/26

30

0.00

687,871.30

0.00

687,871.30

0.00

0.00

0.00

687,871.30

0.00

 

A-SB

09/01/26 - 09/30/26

30

0.00

44,907.89

0.00

44,907.89

0.00

0.00

0.00

44,907.89

0.00

 

X-A

09/01/26 - 09/30/26

30

0.00

544,008.52

0.00

544,008.52

0.00

0.00

0.00

544,008.52

0.00

 

X-B

09/01/26 - 09/30/26

30

0.00

28,692.54

0.00

28,692.54

0.00

0.00

0.00

28,692.54

0.00

 

A-S

09/01/26 - 09/30/26

30

0.00

111,643.19

0.00

111,643.19

0.00

0.00

0.00

111,643.19

0.00

 

B

09/01/26 - 09/30/26

30

0.00

98,792.38

0.00

98,792.38

0.00

0.00

0.00

98,792.38

0.00

 

C

09/01/26 - 09/30/26

30

0.00

126,048.67

0.00

126,048.67

0.00

0.00

0.00

126,048.67

0.00

 

X-D

09/01/26 - 09/30/26

30

0.00

37,395.78

0.00

37,395.78

0.00

0.00

0.00

37,395.78

0.00

 

D

09/01/26 - 09/30/26

30

0.00

55,976.25

0.00

55,976.25

0.00

0.00

0.00

55,976.25

0.00

 

E

09/01/26 - 09/30/26

30

0.00

20,238.75

0.00

20,238.75

0.00

0.00

0.00

20,238.75

0.00

 

F-RR

09/01/26 - 09/30/26

30

0.00

40,437.92

0.00

40,437.92

0.00

0.00

0.00

40,437.92

0.00

 

G-RR

09/01/26 - 09/30/26

30

0.00

73,812.90

0.00

73,812.90

0.00

0.00

0.00

73,812.90

0.00

 

J-RR

09/01/26 - 09/30/26

30

0.00

32,092.08

0.00

32,092.08

0.00

0.00

0.00

32,092.08

0.00

 

NR-RR

09/01/26 - 09/30/26

30

136,732.90

121,955.53

0.00

121,955.53

17,339.53

0.00

0.00

104,616.00

154,454.60

 

Totals

 

 

136,732.90

2,493,510.15

0.00

2,493,510.15

17,339.53

0.00

0.00

2,476,170.62

154,454.60

 

 

 

 

 

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Page 4 of 27

 


 
 

 

     

 

Additional Information

 

Total Available Distribution Amount (1)

3,011,820.99

 

(1) The Available Distribution Amount includes any Prepayment Premiums.

 

 

 

 

 

 

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Page 5 of 27

 


 
 

 

       

Bond / Collateral Reconciliation - Cash Flows

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest

 

Fees

 

Interest Paid or Advanced

2,525,703.98

Master Servicing Fee

24,149.74

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

6,029.35

Interest Adjustments

0.00

Trustee Fee

0.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

371.72

ARD Interest

0.00

Operating Advisor Fee

1,360.51

Net Prepayment Interest Excess / (Shortfall)

0.00

Asset Representations Reviewer Fee

282.51

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

 

 

Total Interest Collected

2,525,703.98

Total Fees

32,193.83

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

535,650.37

Reimbursement for Interest on Advances

0.00

Unscheduled Principal Collections

 

ASER Amount

0.00

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

17,339.54

Collection of Principal after Maturity Date

0.00

Special Servicing Fees (Liquidation)

0.00

Recoveries From Liquidations and Insurance Proceeds

0.00

Special Servicing Fees (Work Out)

0.00

Excess of Prior Principal Amounts Paid

0.00

Legal Fees

0.00

Curtailments

0.00

Rating Agency Expenses

0.00

Principal Adjustments

0.00

Taxes Imposed on Trust Fund

0.00

 

 

Non-Recoverable Advances

0.00

 

 

Workout Delayed Reimbursement Amounts

0.00

 

 

Other Expenses

0.00

Total Principal Collected

535,650.37

Total Expenses/Reimbursements

17,339.54

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

2,476,170.62

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

535,650.37

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

0.00

Net SWAP Counterparty Payments Received

0.00

Borrower Option Extension Fees

0.00

 

 

Net SWAP Counterparty Payments Paid

0.00

Total Other Collected

0.00

Total Payments to Certificateholders and Others

3,011,820.99

Total Funds Collected

3,061,354.35

Total Funds Distributed

3,061,354.36

 

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Page 6 of 27

 


 
 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

        Total

 

           Total

Beginning Scheduled Collateral Balance

892,135,456.32

892,135,456.32

Beginning Certificate Balance

892,135,455.48

(-) Scheduled Principal Collections

535,650.37

535,650.37

(-) Principal Distributions

535,650.37

(-) Unscheduled Principal Collections

0.00

0.00

(-) Realized Losses

0.00

(-) Principal Adjustments (Cash)

0.00

0.00

Realized Loss and Realized Loss Adjustments on Collateral

0.00

(-) Principal Adjustments (Non-Cash)

0.00

0.00

Current Period NRA¹

0.00

(-) Realized Losses from Collateral

0.00

0.00

Current Period WODRA¹

0.00

(-) Other Adjustments²

0.00

0.00

Principal Used to Pay Interest

0.00

 

 

 

 

Non-Cash Principal Adjustments

0.00

Ending Scheduled Collateral Balance

891,599,805.95

891,599,805.95

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

892,493,610.91

892,493,610.91

Ending Certificate Balance

891,599,805.11

Ending Actual Collateral Balance

891,992,009.56

891,992,009.56

 

 

 

 

 

 

 

                             NRA/WODRA Reconciliation

 

Under / Over Collateralization Reconciliation

 

 

 

                        Non-Recoverable Advances (NRA) from

            Workout Delayed Reimbursement of Advances

 

 

 

 

                       Principal

                 (WODRA) from Principal

Beginning UC / (OC)

(0.84)

Beginning Cumulative Advances

0.00

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

(0.84)

Ending Cumulative Advances

0.00

0.00

Net WAC Rate

3.35%

 

 

 

 

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

1

6,368,431.75

0.71%

61

3.6600

NAP

Defeased

1

6,368,431.75

0.71%

61

3.6600

NAP

 

$9,999,999 or less

9

75,021,250.23

8.41%

54

3.5282

1.754637

1.99 or less

18

294,047,425.29

32.98%

42

3.6147

1.574038

$10,000,000 to $19,999,999

15

207,460,123.97

23.27%

53

3.4349

2.422367

2.00 to 2.49

5

122,308,948.91

13.72%

52

3.7167

2.225430

$20,000,000 to $29,999,999

11

256,650,000.00

28.79%

63

3.5464

2.528767

2.50 to 2.99

10

192,050,000.00

21.54%

54

3.5320

2.689414

$30,000,000 to $39,999,999

3

90,000,000.00

10.09%

67

3.5840

2.416667

3.00 to 4.99

8

216,825,000.00

24.32%

80

3.0068

3.416224

$40,000,000 to $49,999,999

1

45,100,000.00

5.06%

57

2.9500

3.390000

5.00 or greater

2

60,000,000.00

6.73%

87

2.6300

5.913333

$50,000,000 to $59,999,999

4

211,000,000.00

23.67%

57

3.1397

3.286635

Totals

44

891,599,805.95

100.00%

59

3.3971

2.643696

 

$60,000,000 or more

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

44

891,599,805.95

100.00%

59

3.3971

2.643696

 

 

 

 

 

 

 

(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

0

6,368,431.75

0.71%

61

3.6600

0.000000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Defeased

0

6,368,431.75

0.71%

61

3.6600

0.000000

Alabama

6

44,721,914.34

5.02%

58

3.4100

1.630000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial

2

77,495,136.62

8.69%

57

3.2788

2.938141

Arizona

1

23,000,000.00

2.58%

18

4.2800

2.120000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed Use

6

141,562,593.79

15.88%

93

3.0460

3.108320

California

9

267,740,766.79

30.03%

56

3.1800

3.053831

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Family

13

208,078,811.40

23.34%

59

3.7250

2.325637

Delaware

1

12,779,417.00

1.43%

57

3.8450

1.240000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Office

14

244,548,433.29

27.43%

45

3.3151

2.632928

Florida

3

48,975,768.93

5.49%

58

3.6621

1.822110

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

6

205,170,630.17

23.01%

52

3.4246

2.622928

Georgia

2

27,500,000.00

3.08%

56

4.1527

1.519455

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Self Storage

1

8,375,768.93

0.94%

58

3.8000

1.600000

Louisiana

1

30,000,000.00

3.36%

61

3.8300

2.180000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

42

891,599,805.95

100.00%

59

3.3971

2.643696

Maryland

1

26,750,000.00

3.00%

57

3.4100

2.740000

 

 

 

 

 

 

 

 

Massachusetts

1

77,900,000.00

8.74%

121

2.7920

3.470000

 

 

 

 

 

 

 

 

Missouri

1

4,163,071.93

0.47%

56

4.5500

1.410000

 

 

 

 

 

 

 

 

Nevada

1

20,000,000.00

2.24%

61

4.4000

2.690000

 

 

 

 

 

 

 

 

New Jersey

1

10,000,000.00

1.12%

61

3.0050

6.780000

 

 

 

 

 

 

 

 

New York

8

186,284,695.74

20.89%

48

3.2015

2.702451

 

 

 

 

 

 

 

 

North Dakota

2

20,008,948.91

2.24%

56

3.6516

2.451352

 

 

 

 

 

 

 

 

South Carolina

1

30,000,000.00

3.36%

20

4.1300

1.600000

 

 

 

 

 

 

 

 

Texas

2

28,406,790.56

3.19%

57

3.6115

1.853845

 

 

 

 

 

 

 

 

Virginia

1

27,000,000.00

3.03%

61

3.8500

2.640000

 

 

 

 

 

 

 

 

Totals

42

891,599,805.95

100.00%

59

3.3971

2.643696

 

 

 

 

 

 

 

 

 

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

1

6,368,431.75

0.71%

61

3.6600

NAP

Defeased

1

6,368,431.75

0.71%

61

3.6600

NAP

 

3.49999% or less

26

593,073,710.34

66.52%

63

3.1308

3.046390

12 months or less

3

77,900,000.00

8.74%

121

2.7920

3.470000

 

3.50000% to 3.99999%

11

187,494,591.93

21.03%

56

3.7614

1.824629

13 months to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.0000% or more

6

104,663,071.93

11.74%

38

4.2372

1.893838

25 months to 36 months

1

50,000,000.00

5.61%

92

2.5550

5.740000

 

Totals

44

891,599,805.95

100.00%

59

3.3971

2.643696

37 months to 48 months

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

49 months or greater

39

757,331,374.20

84.94%

50

3.5127

2.363224

 

 

 

 

 

 

 

 

Totals

44

891,599,805.95

100.00%

59

3.3971

2.643696

(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 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

1

6,368,431.75

0.71%

61

3.6600

NAP

Defeased

1

6,368,431.75

0.71%

61

3.6600

NAP

 

96 months or less

40

807,331,374.20

90.55%

53

3.4534

2.572356

Interest Only

31

741,051,796.00

83.11%

59

3.3466

2.866690

97 months to 116 months

0

0.00

0.00%

0

0.0000

0.000000

353 months or less

12

144,179,578.20

16.17%

54

3.6451

1.544537

 

117 months or more

3

77,900,000.00

8.74%

121

2.7920

3.470000

354 months or more

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

44

891,599,805.95

100.00%

59

3.3971

2.643696

Totals

44

891,599,805.95

100.00%

59

3.3971

2.643696

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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Page 11 of 27

 


 
 

 

                         

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

    Age of Most Recent NOI

 

 

 

 

            Remaining Stated Term (Fully Amortizing Loans)

 

 

Age of Most

# Of

    Scheduled

% Of

 

 

Weighted Avg

Age of Most

# Of

Scheduled

% Of

                     Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

                  WAM²

         WAC

 

Recent NOI

Loans

    Balance

Agg. Bal.

 

 

DSCR¹

Recent NOI

Loans

Balance

Agg. Bal.

                        DSCR¹

 

Defeased

1

6,368,431.75

0.71%

61

3.6600

NAP

 

 

No outstanding loans in this group

 

Underwriter's Information

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

12 months or less

40

814,481,374.20

91.35%

58

3.3853

2.651726

 

 

 

 

 

 

13 months to 24 months

3

70,750,000.00

7.94%

59

3.5089

2.646996

 

 

 

 

 

 

25 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

44

891,599,805.95

100.00%

59

3.3971

2.643696

 

 

 

 

 

(1)

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

 

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

 

 

(2)

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

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

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Page 12 of 27

 


 
 

 

                               

 

 

 

 

 

 

Mortgage Loan Detail (Part 1)

 

 

 

 

 

 

 

 

 

 

 

Interest

 

 

 

 

 

 Original

Adjusted

Beginning

Ending

Paid

 

 

Prop

 

 

Accrual

Gross

     Scheduled

       Scheduled

      Principal          Anticipated     Maturity

Maturity

Scheduled

Scheduled

Through

Pros ID

Loan ID

Type

City

State

Type

Rate

    Interest

      Principal

     Adjustments       Repay Date

Date

Date

Balance

Balance

Date

1A1-7

30320408

MU

Cambridge

MA

Actual/360

2.792%

58,166.67

0.00

0.00

N/A

11/06/36

--

25,000,000.00

25,000,000.00

10/06/26

1A4-2

30320409

MU

Cambridge

MA

Actual/360

2.792%

69,800.00

0.00

0.00

N/A

11/06/36

--

30,000,000.00

30,000,000.00

10/06/26

1A4-3

30320410

MU

Cambridge

MA

Actual/360

2.792%

53,280.67

0.00

0.00

N/A

11/06/36

--

22,900,000.00

22,900,000.00

10/06/26

2

30507322

IN

Brookhaven

NY

Actual/360

3.200%

157,333.33

0.00

0.00

N/A

06/05/31

--

59,000,000.00

59,000,000.00

10/05/26

3

30507385

OF

Beverly Hills

CA

Actual/360

3.296%

142,848.33

0.00

0.00

N/A

07/05/28

--

52,000,000.00

52,000,000.00

10/05/26

4A2

30508072

OF

Sunnyvale

CA

Actual/360

2.555%

106,458.33

0.00

0.00

N/A

06/06/34

--

50,000,000.00

50,000,000.00

10/06/26

5A1

30507949

RT

Los Angeles

CA

Actual/360

3.490%

145,416.67

0.00

0.00

N/A

10/06/31

--

50,000,000.00

50,000,000.00

10/06/26

6A1-1

30507574

OF

Huntsville

AL

Actual/360

3.410%

38,206.13

28,399.25

0.00

N/A

08/06/31

--

13,444,974.06

13,416,574.81

10/06/26

6A1-3

30507620

OF

Huntsville

AL

Actual/360

3.410%

25,470.75

18,932.85

0.00

N/A

08/06/31

--

8,963,315.21

8,944,382.36

10/06/26

6A2-2

30507622

OF

Huntsville

AL

Actual/360

3.410%

38,206.13

28,399.25

0.00

N/A

08/06/31

--

13,444,974.06

13,416,574.81

10/06/26

6A2-3

30507623

OF

Huntsville

AL

Actual/360

3.410%

25,470.75

18,932.85

0.00

N/A

08/06/31

--

8,963,315.21

8,944,382.36

10/06/26

7

30507437

RT

Los Angeles

CA

Actual/360

2.950%

110,870.83

0.00

0.00

N/A

07/05/31

--

45,100,000.00

45,100,000.00

10/05/26

8A2-C

30506962

RT

White Plains

NY

Actual/360

3.250%

54,166.67

0.00

0.00

N/A

02/01/30

--

20,000,000.00

20,000,000.00

10/01/26

8A3-B

30505244

RT

White Plains

NY

Actual/360

3.250%

67,708.33

0.00

0.00

N/A

02/01/30

--

25,000,000.00

25,000,000.00

10/01/26

9

30507477

RT

Long Beach

CA

Actual/360

3.800%

58,887.44

275,403.60

0.00

N/A

12/05/28

--

18,596,033.77

18,320,630.17

10/07/26

10A1

30507086

OF

Greenville

SC

Actual/360

4.130%

103,250.00

0.00

0.00

N/A

06/05/28

--

30,000,000.00

30,000,000.00

10/05/26

11

30508003

MF

Westwego

LA

Actual/360

3.830%

95,750.00

0.00

0.00

N/A

11/05/31

--

30,000,000.00

30,000,000.00

10/05/26

12

30507968

MF

Hampton

VA

Actual/360

3.850%

86,625.00

0.00

0.00

N/A

11/05/31

--

27,000,000.00

27,000,000.00

10/05/26

13

30507232

RT

Bethesda

MD

Actual/360

3.410%

76,014.58

0.00

0.00

N/A

07/05/31

--

26,750,000.00

26,750,000.00

10/05/26

14A4

30507580

MF

New York

NY

Actual/360

3.450%

47,437.50

0.00

0.00

N/A

08/06/31

--

16,500,000.00

16,500,000.00

04/06/26

14A5

30507581

MF

New York

NY

Actual/360

3.450%

28,750.00

0.00

0.00

N/A

08/06/31

--

10,000,000.00

10,000,000.00

04/06/26

15A-2-C-4

30320411

OF

New York

NY

Actual/360

2.725%

36,328.92

0.00

0.00

N/A

08/06/28

--

16,000,000.00

16,000,000.00

09/06/26

15A-2-C-6

30320412

OF

New York

NY

Actual/360

2.725%

20,836.44

0.00

0.00

N/A

08/06/28

--

9,176,796.00

9,176,796.00

09/06/26

16A1

30507643

MF

Daytona Beach

FL

Actual/360

3.770%

78,541.67

0.00

0.00

N/A

09/05/31

--

25,000,000.00

25,000,000.00

10/05/26

17A1

30506944

OF

Phoenix

AZ

Actual/360

4.280%

82,033.33

0.00

0.00

N/A

04/05/28

--

23,000,000.00

23,000,000.00

10/05/26

18

30507608

MU

New York

NY

Actual/360

3.150%

55,125.00

0.00

0.00

N/A

08/06/31

--

21,000,000.00

21,000,000.00

10/06/26

19

30507335

MF

Atlanta

GA

Actual/360

4.200%

73,500.00

0.00

0.00

N/A

06/05/31

--

21,000,000.00

21,000,000.00

10/05/26

20

30508005

RT

Verdi

NV

Actual/360

4.400%

73,333.33

0.00

0.00

N/A

11/05/31

--

20,000,000.00

20,000,000.00

10/05/26

 

 

 

 

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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

21

30507846

IN

Sacramento

CA

Actual/360

3.530%

54,506.92

34,127.36

0.00

N/A

10/06/31

--

18,529,263.98

18,495,136.62

10/06/26

22

30507344

MF

Houston

TX

Actual/360

3.800%

56,812.66

34,049.02

0.00

N/A

06/05/31

--

17,940,839.58

17,906,790.56

10/05/25

23

30320413

Various      Various

NY

Actual/360

3.660%

29,363.03

19,322.36

0.00

N/A

11/06/31

--

9,627,222.10

9,607,899.74

10/06/26

23A

30512313

 

 

 

Actual/360

3.660%

19,462.78

12,807.49

0.00

N/A

11/06/31

--

6,381,239.24

6,368,431.75

10/06/26

24A1

30507142

OF

Plantation

FL

Actual/360

3.415%

44,395.00

0.00

0.00

N/A

05/05/31

--

15,600,000.00

15,600,000.00

10/05/26

25

30507128

MU

Wilmington

DE

Actual/360

3.845%

41,029.09

25,501.14

0.00

N/A

07/05/31

--

12,804,918.14

12,779,417.00

10/05/26

26

30507726

MU

Beverly Hills

CA

Actual/360

3.010%

35,116.67

0.00

0.00

N/A

09/05/31

--

14,000,000.00

14,000,000.00

10/05/26

27

30507091

MF

Grand Forks

ND

Actual/360

3.570%

29,242.86

20,582.88

0.00

N/A

05/05/31

--

9,829,531.79

9,808,948.91

10/05/26

28

30507840

MF

Houston

TX

Actual/360

3.290%

28,787.50

0.00

0.00

N/A

10/05/31

--

10,500,000.00

10,500,000.00

10/05/26

29

30507774

MU

Temecula

CA

Actual/360

3.480%

29,942.50

0.00

0.00

N/A

11/05/31

--

10,325,000.00

10,325,000.00

10/05/26

30

30507411

MF

Grand Forks

ND

Actual/360

3.730%

31,705.00

0.00

0.00

N/A

07/05/31

--

10,200,000.00

10,200,000.00

10/05/26

31

30508004

MF

Fort Lee

NJ

Actual/360

3.005%

25,041.67

0.00

0.00

N/A

11/05/31

--

10,000,000.00

10,000,000.00

10/05/26

32

30507784

MF

Los Angeles

CA

Actual/360

3.340%

26,441.67

0.00

0.00

N/A

10/05/31

--

9,500,000.00

9,500,000.00

10/05/26

33

30507618

SS

Jupiter

FL

Actual/360

3.800%

26,563.10

12,577.32

0.00

N/A

08/06/31

--

8,388,346.25

8,375,768.93

10/06/26

34

30507340

MF

Atlanta

GA

Actual/360

4.000%

21,666.67

0.00

0.00

N/A

06/05/31

--

6,500,000.00

6,500,000.00

10/05/26

35

30507241

MF

Springfield

MO

Actual/360

4.550%

15,810.06

6,615.00

0.00

N/A

06/05/31

--

4,169,686.93

4,163,071.93

10/05/26

Totals

 

 

 

 

 

 

2,525,703.98

535,650.37

0.00

 

 

 

892,135,456.32

891,599,805.95

 

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

 

1A1-7

80,093,684.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

1A4-2

80,093,684.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

1A4-3

80,093,684.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

2

6,467,746.76

6,466,969.99

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

3

3,082,724.04

3,159,828.64

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

4A2

14,167,287.69

15,147,195.49

07/01/25

03/31/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5A1

0.00

1,974,523.52

01/01/26

03/31/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6A1-1

8,304,594.09

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6A1-3

8,304,594.09

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6A2-2

8,304,594.09

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6A2-3

8,304,594.09

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

7

5,110,409.19

4,642,848.69

07/01/25

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

8A2-C

26,733,504.53

29,868,812.48

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

8A3-B

26,733,504.53

29,868,812.48

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

9

7,108,887.06

6,548,231.21

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

10A1

4,579,771.37

4,794,169.97

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

11

2,659,634.31

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

12

2,252,203.29

2,832,118.24

07/01/25

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

13

2,549,019.58

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

14A4

13,397,955.17

0.00

--

--

10/13/26

0.00

12,245.81

47,255.86

276,913.24

0.00

0.00

 

 

14A5

13,397,955.17

0.00

--

--

10/13/26

0.00

7,421.70

28,639.92

167,826.21

0.00

0.00

 

 

15A-2-C-4

49,613,309.00

0.00

--

--

--

0.00

0.00

36,228.92

36,228.92

0.00

0.00

 

 

15A-2-C-6

49,613,309.00

0.00

--

--

--

0.00

0.00

20,779.08

20,779.08

0.00

0.00

 

 

16A1

2,846,444.22

2,618,515.92

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

17A1

6,695,605.38

6,716,578.34

07/01/25

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

18

1,927,988.58

1,962,171.00

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

19

1,804,654.23

1,402,833.42

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

20

2,418,833.80

2,466,569.12

01/01/26

06/30/26

--

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

 

21

1,912,407.49

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

22

1,148,494.18

0.00

--

--

06/04/26

0.00

42,070.39

89,889.88

   1,039,097.15

144,956.19

0.00

 

 

23

1,101,142.17

1,026,364.04

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

23A

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

24A1

4,602,544.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

25

1,042,673.70

1,020,393.84

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

26

1,490,349.84

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

27

1,237,531.28

1,306,988.92

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

28

1,355,728.66

1,244,133.99

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

29

1,261,050.08

1,407,367.79

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

30

869,063.22

1,098,566.23

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

31

2,327,772.13

2,100,845.52

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

32

695,312.09

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

33

556,974.78

526,249.33

07/01/25

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

34

545,783.22

419,527.94

01/01/26

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

35

443,606.75

394,150.00

07/01/25

06/30/26

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

Totals

537,250,608.85

131,014,766.11

 

 

 

0.00

61,737.90

222,793.66

1,540,844.60

144,956.19

0.00

 

 

 

 

 

 

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Page 16 of 27

 


 
 

 

           

 

 

 

Principal Prepayment Detail

 

 

 

 

 

Unscheduled Principal

                      Prepayment Penalties

Pros ID

Loan Number

Amount

Prepayment / Liquidation Code

Prepayment Premium Amount

Yield Maintenance Amount

 

 

 

No principal prepayments this period

 

 

Note: Principal Prepayment Amount listed here may include Principal Adjustment Amounts on the loan in addition to the Unscheduled Principal Amount.

 

 

 

 

 

 

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Page 17 of 27

 


 
 

 

                                           

 

 

 

 

 

 

 

 

Historical Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                        Delinquencies¹

 

 

 

 

 

 

                       Prepayments

 

 

           Rate and Maturities

 

 

           30-59 Days

 

           60-89 Days

 

      90 Days or More

 

            Foreclosure

 

          REO

 

      Modifications

 

 

        Curtailments

 

     Payoff

 

              Next Weighted Avg.

 

Distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

         Balance

#

         Balance

#

      Balance

#

         Balance

#

        Balance

#

     Balance

 

#

       Amount

#

   Amount

 

Coupon

Remit

WAM¹

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/19/26

0

0.00

0

0.00

3

44,406,790.56

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

3.397105%

3.353805%

59

09/17/26

0

0.00

0

0.00

3

44,440,839.58

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

3.397292%

3.353989%

60

08/17/26

0

0.00

0

0.00

3

44,472,889.97

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

3.397474%

3.354167%

61

07/17/26

0

0.00

2

26,500,000.00

1

18,004,835.83

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

3.397649%

3.354339%

62

06/17/26

2

    26,500,000.00

0

0.00

1

18,038,575.35

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

3.397828%

3.354514%

63

05/15/26

0

0.00

0

0.00

1

18,070,306.97

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

3.398001%

3.354685%

63

04/17/26

0

0.00

0

0.00

1

18,103,839.82

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

3.398179%

3.354858%

64

03/17/26

0

0.00

0

0.00

1

18,135,358.58

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

3.398351%

3.355027%

65

02/18/26

0

0.00

0

0.00

1

18,172,510.40

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

3.398535%

3.355208%

66

01/16/26

0

0.00

1

18,203,805.18

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

3.398705%

3.355376%

67

12/17/25

1

    18,234,997.89

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

3.398875%

3.355542%

68

11/18/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

3.399049%

3.355712%

69

(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

22

30507344

10/05/25

11

6

 

89,889.88

1,039,097.15

280,206.00

18,298,994.17

01/05/26

98

 

 

 

 

14A4

30507580

04/06/26

5

6

 

47,255.86

276,913.24

0.00

16,500,000.00

05/12/26

98

 

 

 

 

14A5

30507581

04/06/26

5

6

 

28,639.92

167,826.21

0.00

10,000,000.00

05/12/26

98

 

 

 

 

15A-2-C-4

30320411

09/06/26

0

B

 

36,228.92

36,228.92

0.00

16,000,000.00

08/27/26

98

 

 

 

 

15A-2-C-6

30320412

09/06/26

0

B

 

20,779.08

20,779.08

0.00

9,176,796.00

08/27/26

98

 

 

 

 

Totals

 

 

 

 

 

222,793.66

1,540,844.60

280,206.00

69,975,790.17

 

 

 

 

 

 

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

 

130,176,796

130,176,796

0

 

 

0

 

25 - 36 Months

 

18,320,630

18,320,630

0

 

 

0

 

37 - 48 Months

 

45,000,000

45,000,000

0

 

 

0

 

49 - 60 Months

 

456,901,048

412,494,258

        44,406,791

0

 

> 60 Months

 

241,201,331

241,201,331

0

 

 

0

 

 

 

 

 

Historical Delinquency Information

 

 

 

 

 

 

 

 

       Total

     Current

        30-59 Days

       60-89 Days

    90+ Days

        REO/Foreclosure

 

 

Oct-26

891,599,806

847,193,015

0

0

44,406,791

0

 

Sep-26

892,135,456

847,694,617

0

0

44,440,840

0

 

Aug-26

892,654,149

848,181,259

0

0

44,472,890

0

 

Jul-26

893,159,574

848,654,738

0

26,500,000

18,004,836

0

 

Jun-26

893,677,918

849,139,343

26,500,000

0

18,038,575

0

 

May-26

894,180,086

876,109,779

0

0

18,070,307

0

 

Apr-26

894,695,288

876,591,449

0

0

18,103,840

0

 

Mar-26

895,194,220

877,058,861

0

0

18,135,359

0

 

Feb-26

895,735,779

877,563,269

0

0

18,172,510

0

 

Jan-26

896,231,402

878,027,597

0

18,203,805

0

 

0

 

Dec-25

896,725,447

878,490,449

18,234,998

0

0

 

0

 

Nov-25

897,232,812

897,232,812

0

0

0

 

0

 

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

 

 

 

 

 

 

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Page 20 of 27

 


 
 

 

                     

 

 

 

Specially Serviced Loan Detail - Part 1

 

 

 

 

 

 

       Ending Scheduled

 

 

 

    Net Operating

 

 

 

Remaining

Pros ID

Loan ID

         Balance

        Actual Balance

     Appraisal Value

Appraisal Date

     Income

DSCR

DSCR Date

Maturity Date

Amort Term

14A4

30507580

16,500,000.00

16,500,000.00

162,500,000.00

07/13/26

13,304,708.17

2.89000

12/31/25

08/06/31

I/O

14A5

30507581

10,000,000.00

10,000,000.00

162,500,000.00

07/13/26

13,304,708.17

2.89000

12/31/25

08/06/31

I/O

15A-2-C-4

30320411

16,000,000.00

16,000,000.00

1,350,000,000.00

06/10/21

49,030,783.00

1.76000

12/31/25

08/06/28

I/O

15A-2-C-6

30320412

9,176,796.00

9,176,796.00

1,350,000,000.00

06/10/21

49,030,783.00

1.76000

12/31/25

08/06/28

I/O

22

30507344

17,906,790.56

18,298,994.17

22,000,000.00

03/09/26

1,085,134.18

1.00000

12/31/25

06/05/31

300

Totals

 

69,583,586.56

69,975,790.17

3,047,000,000.00

 

125,756,116.52

 

 

 

 

 

 

 

 

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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

 

14A4

30507580

MF

NY

05/12/26

98

 

 

 

 

10/13/2026 - The Loan transferred to Special Servicing on 5/13/2026 for imminent default due to cash flow concerns following the Borrower’s termination of Sonder’s lease of all 345 units. Lender subsequently sent a Pre Negotiation Letter and a

 

Notice of Default. Lender and Borrower have begun discussing potential resolutions for the Property. Borrower retained a representative who submitted an initial proposal, to which Lender provided feedback. Discussions remain ongoing. Lender

 

has engaged counsel to start enforcement of remedies. Lender and Borrower continue to exchange term sheets for a potential modification, Lender is continuing to dual track.

 

 

14A5

30507581

MF

NY

05/12/26

98

 

 

 

 

10/13/2026 - The Loan transferred to Special Servicing on 5/13/2026 for imminent default due to cash flow concerns following the Borrower’s termination of Sonder’s lease of all 345 units. Lender subsequently sent a Pre Negotiation Letter and a

 

No tice of Default. Lender and Borrower have begun discussing potential resolutions for the Property. Borrower retained a representative who submitted an initial proposal, to which Lender provided feedback. Discussions remain ongoing. Lender

 

has engaged counsel to start enforcement of remedies. Lender and Borrower continue to exchange term sheets for a potential modification, Lender is continuing to dual track.

 

 

15A-2-C-4

30320411

OF

NY

08/27/26

98

 

 

 

 

10/13/2026 - The loan transferred to Special Servicing as of 08/28/2026. Borrower requested the transfer to engage with the SS regarding a potential extension or other consensual mod in advance of the maturity date in August 2028.

 

Negotiations are ongoing. Updated appraisal was ordered and is under review.

 

 

 

 

 

15A-2-C-6

30320412

OF

NY

08/27/26

98

 

 

 

 

10/13/2026 - The loan transferred to Special Servicing as of 08/28/2026. Borrower requested the transfer to engage with the SS regarding a potential extension or other consensual mod in advance of the maturity date in August 2028.

 

Negotiations are ongoing. Updated appraisal was ordered and is under review.

 

 

 

 

 

22

30507344

MF

TX

01/05/26

98

 

 

 

 

10/9/2026 - Loan transferred to special servicing effective 1/5/2026 due to the 11/5/2025 payment default. Additionally, a notice of default was sent to borrower on 11/24/2025 and cash management was recently implemented. A motion to appoint

 

receiver was filed on 4/1/2026 and entered by the court on 6/18/26. The special servicer continues to gather diligence and will dual track enforcement proceedings while holding negotiations with the sponsor in an effort to maximize recovery for

 

the trust.

 

 

 

 

 

 

 

 

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

10A1

30507086

0.00

4.13000%

0.00

4.13000%

8

07/30/24

07/30/24

08/23/24

Totals

 

0.00

 

0.00

 

 

 

 

 

1 Modification Codes

 

 

 

 

 

 

 

 

 

1 - Maturity Date Extension

5 - Temporary Rate Reduction

8 - Other

 

 

 

 

 

 

2 - Amortization Change

6 - Capitalization on Interest

9 - Combination

 

 

 

 

 

 

3 - Principal Write-Off

7 - Capitalization on Taxes

10 - Forbearance

 

 

 

 

 

 

 

Note: Please refer to Servicer Reports for modification comments.

 

 

 

 

 

 

 

 

 

 

 

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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)

10A1

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

14A4

0.00

0.00

3,437.50

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

14A5

0.00

0.00

2,083.33

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

15A-2-C-4

0.00

0.00

4,333.33

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

15A-2-C-6

0.00

0.00

2,485.38

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

22

0.00

0.00

5,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Total

0.00

0.00

17,339.54

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

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

 

 

Collateral Shortfall Total

17,339.54

 

 

 

 

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Page 26 of 27

 


 
 

 

     

 

Supplemental Notes

 

 

None

 

 

 

 

 

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Page 27 of 27