For the monthly distribution period from: February 19, 2025 to March 17, 2025
Commission File Number of issuing entity: 333-190246-05
Central Index Key Number of issuing entity: 0001607484
J.P. Morgan
Chase Commercial Mortgage Securities Trust 2014-C20
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor: 333-190246
Central Index Key Number of depositor: 0001013611
J.P. Morgan
Chase Commercial Mortgage Securities Corp.
(Exact name of depositor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0000835271
JPMorgan Chase
Bank, National Association
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001567746
Aspire HEI,
Inc. (formerly known as Redwood Commercial Mortgage Corporation)
(Exact name of sponsor as specified in its charter)
John Miller (212) 272-8363
(Name and telephone number, including area code, of the person to contact in
connection with this filing)
New York
(State or other jurisdiction of incorporation or organization of the issuing
entity)
38-3932140
38-3932141
38-7111617
(I.R.S. Employer Identification No.)
c/o
Computershare Trust Company, N.A., as agent for
Wells Fargo Bank, National Association
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices of the issuing entity) (Zip Code)
(667) 786-1992
(Telephone number, including area code)
Not Applicable
(Former name, former address, if changed since last report)
|
Title of Class |
Section 12(b) |
Section 12(g) |
Section 15(d) |
Name of Exchange (If Section 12(b)) |
|
A-1 |
|
|
X |
|
|
A-2 |
|
|
X |
|
|
A-3A1 |
|
|
X |
|
|
A-4A1 |
|
|
X |
|
|
A-5 |
|
|
X |
|
|
A-SB |
|
|
X |
|
|
A-S |
|
|
X |
|
|
B |
|
|
X |
|
|
C |
|
|
X |
|
|
EC |
|
|
X |
|
|
X-A |
|
|
X |
|
|
X-B |
|
|
X |
|
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No
Part I - DISTRIBUTION INFORMATION
Item 1. Distribution and Pool Performance Information.
On March 17, 2025 a distribution was made to holders of the certificates issued by J.P. Morgan Chase Commercial Mortgage Securities Trust 2014-C20.
The distribution report is attached as an Exhibit to this Form 10-D, please see Item 10(b), Exhibit 99.1 for the related information.
The following table presents the loss information for the trust assets for the J.P. Morgan Chase Commercial Mortgage Securities Trust 2014-C20 in accordance with Item 1100(b) as required by Item 1121(a)(9) of Regulation AB:
|
Number of Delinquencies 30+ days |
% of Delinquencies 30+ days by Pool Balance |
Number of Loans/REOs with Losses |
Average Net Loss |
|
2 |
63.40% |
3 |
$2,606,392.15 |
No assets securitized by J.P. Morgan Chase Commercial Mortgage Securities Corp. (the "Depositor") and held by J.P. Morgan Chase Commercial Mortgage Securities Trust 2014-C20 were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period from February 19, 2025 to March 17, 2025.
The Depositor filed its most recent Form ABS-15G in accordance with Rule 15Ga-1 under the Exchange Act (a "Rule 15Ga-1 Form ABS-15G") on February 7, 2025. The CIK number for the Depositor is 0001013611.
JPMorgan Chase Bank, National Association filed its most recent Rule 15Ga-1 Form ABS-15G for this asset class on February 07, 2025. The CIK number for JPMorgan Chase Bank, National Association is 0000835271.
Aspire HEI, Inc. (formerly known as Redwood Commercial Mortgage Corporation) filed its most recent Rule 15Ga-1 Form ABS-15G on January 22, 2025. The CIK number for Aspire HEI, Inc. (formerly known as Redwood Commercial Mortgage Corporation) is 0001567746.
Part II - OTHER INFORMATION
Item 2. Legal Proceedings.
Disclosure from Wells Fargo Bank, National Association, as certificate administrator, custodian and/or trustee:
In December 2014, Phoenix Light SF Limited (Phoenix Light) and certain related entities filed a complaint in the United States District Court for the Southern District of New York alleging claims against Wells Fargo Bank, N.A., in its capacity as trustee for a number of residential mortgage-backed securities (RMBS) trusts. Complaints raising similar allegations have been filed by Commerzbank AG in the Southern District of New York, IKB International and IKB Deutsche Industriebank (together, IKB) in New York state court, and Park Royal I LLC and Park Royal II LLC in New York state court. In each case, the plaintiffs allege that Wells Fargo Bank, N.A., as trustee, caused losses to investors, and plaintiffs assert causes of action based upon, among other things, the trustee’s alleged failure to notify and enforce repurchase obligations of mortgage loan sellers for purported breaches of representations and warranties, notify investors of alleged events of default, and abide by appropriate standards of care following alleged events of default. In July 2022, the district court dismissed Phoenix Light’s claims and certain of the claims asserted by Commerzbank AG, and subsequently entered judgment in each case in favor of Wells Fargo Bank, N.A. In August 2022, Phoenix Light and Commerzbank AG each appealed the district court’s decision to the United States Court of Appeals for the Second Circuit. Phoenix Light dismissed its appeal in May 2023, terminating its case. In October 2024, the Second Circuit denied Commerzbank AG’s appeal. In November 2023, Wells Fargo Bank, N.A. entered into an agreement with IKB to resolve IKB’s claims. Wells Fargo Bank, N.A. previously settled two class actions filed by institutional investors and an action filed by the National Credit Union Administration with similar allegations.
Item 6. Significant Obligors of Pool Assets.
The Outlets at Orange Mortgage Loan (Loan No. 1 on Annex A-1 to the Prospectus Supplement of the registrant relating to the issuing entity filed on June 23, 2014 pursuant to Rule 424(b)(5)), which represented 10% or more of the pool assets held by the issuing entity as of its cut-off date, has paid off and is no longer a pool asset.
Item 7. Change in Sponsor Interest in the Securities.
None
Item 9. Other Information.
Trimont LLC, in its capacity as Master Servicer for J.P. Morgan Chase Commercial Mortgage Securities Trust 2014-C20, affirms the following amounts in the respective accounts:
|
Certificate Account Beginning and Ending Balance |
||
|
Prior Distribution Date |
02/18/2025 |
$0.00 |
|
Current Distribution Date |
03/17/2025 |
$0.00 |
|
*REO Account Beginning and Ending Balance |
||
|
Prior Distribution Date |
02/18/2025 |
$0.00 |
|
Current Distribution Date |
03/17/2025 |
$0.00 |
|
*As provided by Special Servicer |
||
Computershare Trust Company, N.A., as agent for Wells Fargo Bank, N.A., in its capacity as Certificate Administrator for J.P. Morgan Chase Commercial Mortgage Securities Trust 2014-C20, affirms the following amounts in the respective accounts:
|
Distribution Account Beginning and Ending Balance |
||
|
Prior Distribution Date |
02/18/2025 |
$14,981.42 |
|
Current Distribution Date |
03/17/2025 |
$504.21 |
|
Interest Reserve Account Beginning and Ending Balance |
||
|
Prior Distribution Date |
02/18/2025 |
$14,422.21 |
|
Current Distribution Date |
03/17/2025 |
$0.00 |
|
Gain-on-Sale Reserve Account Beginning and Ending Balance |
||
|
Prior Distribution Date |
02/18/2025 |
$0.00 |
|
Current Distribution Date |
03/17/2025 |
$0.00 |
Item 10. Exhibits.
(a) The following is a list of documents filed as part of this Report on Form 10-D:
(b) The exhibits required to be filed by the Registrant pursuant to this Form are listed above.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
J.P. Morgan Chase Commercial Mortgage Securities Corp.
(Depositor)
/s/ John Miller
John Miller, Executive Director
Date: March 27, 2025
|
Distribution Date: |
03/17/25 |
J.P. Morgan Chase Commercial Mortgage Securities Trust 2014-C20 |
|
Determination Date: |
03/11/25 |
|
|
Next Distribution Date: |
04/17/25 |
|
|
Record Date: |
02/28/25 |
Commercial Mortgage Pass-Through Certificates |
|
|
|
Series 2014-C20 |
|
Table of Contents |
|
|
Contacts |
|
|
|
Section |
Pages |
Role |
Party and Contact Information |
|
|
|
Certificate Distribution Detail |
2 |
Depositor |
J.P. Morgan Chase Commercial Mortgage Securities Corp. |
|
|
|
Certificate Factor Detail |
3 |
|
Brian Baker |
(212) 834-3813 |
|
|
Certificate Interest Reconciliation Detail |
4 |
|
383 Madison Avenue, 8th Floor | New York, NY 10179 | United States |
|
|
|
|
|
Master Servicer |
Trimont LLC |
|
|
|
Exchangeable Certificate Detail |
5 |
|
|
|
|
|
|
|
|
Attention: CMBS Servicing |
|
trimont.commercial.servicing@cms.trimont.com |
|
Additional Information |
6 |
|
|
|
|
|
|
|
|
550 S. Tryon Street, Suite 2400 | Charlotte, NC 28202 | United States |
|
|
|
Bond / Collateral Reconciliation - Cash Flows |
7 |
Special Servicer |
KeyBank National Association |
|
|
|
Bond / Collateral Reconciliation - Balances |
8 |
|
Attention: Mike Jenkins |
(913) 317-4875 |
KeyBank_Notices@KeyBank.com |
|
Current Mortgage Loan and Property Stratification |
9-13 |
|
11501 Outlook Street, Suite 300 | Overland Park, KS 66211 | United States |
|
|
|
Mortgage Loan Detail (Part 1) |
14 |
Senior Trust Advisor |
Pentalpha Surveillance LLC |
|
|
|
Mortgage Loan Detail (Part 2) |
15 |
|
Attention: JPMCC 2014-C20 Transaction Manager |
|
notices@pentalphasurveillance.com |
|
Principal Prepayment Detail |
16 |
|
501 John James Audubon Parkway, Suite 401 | Amherst, NY 14228 | United States |
|
|
|
Historical Detail |
17 |
Certificate Administrator |
Computershare Trust Company, N.A. as agent for Wells Fargo |
|
|
|
|
|
|
Bank, N.A. |
|
|
|
Delinquency Loan Detail |
18 |
|
Corporate Trust Services (CMBS) |
|
cctcmbsbondadmin@computershare.com; |
|
Collateral Stratification and Historical Detail |
19 |
|
|
|
trustadministrationgroup@computershare.com |
|
|
|
|
9062 Old Annapolis Road | Columbia, MD 21045 | United States |
|
|
|
Specially Serviced Loan Detail - Part 1 |
20 |
|
|
|
|
|
|
|
Trustee |
Deutsche Bank Trust Company Americas |
|
|
|
Specially Serviced Loan Detail - Part 2 |
21 |
|
Karlene Benvenuto |
|
karlene.benvenuto@db.com |
|
Modified Loan Detail |
22 |
|
1761 East St. Andrew Place | Santa Ana, CA 92705 | United States |
|
|
|
Historical Liquidated Loan Detail |
23 |
|
|
|
|
|
Historical Bond / Collateral Loss Reconciliation Detail |
24 |
|
|
|
|
|
Interest Shortfall Detail - Collateral Level |
25 |
|
|
|
|
|
Supplemental Notes |
26 |
|
|
|
|
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. In addition, certificate holders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526.
|
© 2021 Computershare. All rights reserved. Confidential. |
Page 1 of 26 |
|
|
|
|
|
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 |
46642CBD1 |
1.268200% |
33,437,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-2 |
46642CBE9 |
2.871600% |
106,744,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-3A1 |
46642CBG4 |
3.471800% |
73,542,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-3A2 |
46642CAA8 |
3.471800% |
73,542,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-4A1 |
46642CBH2 |
3.538200% |
55,000,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-4A2 |
46642CAD2 |
3.538200% |
55,000,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-5 |
46642CBJ8 |
3.804600% |
161,532,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-SB |
46642CBK5 |
3.461400% |
55,809,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-S |
46642CBN9 |
4.043200% |
37,315,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
25.75% |
|
B |
46642CBP4 |
4.327475% |
69,143,000.00 |
4,773,979.85 |
425,249.37 |
17,216.07 |
0.00 |
0.00 |
442,465.44 |
4,348,730.48 |
96.96% |
17.88% |
|
C |
46642CBQ2 |
4.327475% |
35,121,000.00 |
35,121,000.00 |
0.00 |
134,539.29 |
0.00 |
0.00 |
134,539.29 |
35,121,000.00 |
72.40% |
13.87% |
|
D |
46642CAK6 |
4.327475% |
55,973,000.00 |
55,973,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
55,973,000.00 |
33.25% |
7.50% |
|
E |
46642CAN0 |
3.500000% |
12,072,000.00 |
12,072,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
12,072,000.00 |
24.81% |
6.13% |
|
F |
46642CAR1 |
3.500000% |
9,878,000.00 |
9,878,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
9,878,000.00 |
17.90% |
5.00% |
|
G |
46642CAU4 |
3.500000% |
9,878,000.00 |
9,878,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
9,878,000.00 |
10.99% |
3.87% |
|
NR |
46642CAX8 |
3.500000% |
34,022,421.00 |
15,714,791.67 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
15,714,791.67 |
0.00% |
0.00% |
|
R |
46642CAZ3 |
0.000000% |
1.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
0.00% |
|
Z |
46642CBB5 |
0.000000% |
1.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
0.00% |
|
Regular SubTotal |
|
878,008,423.00 |
143,410,771.52 |
425,249.37 |
151,755.36 |
0.00 |
0.00 |
577,004.73 |
142,985,522.15 |
|
|
|
|
|
||||||||||||
|
|
||||||||||||
|
X-A |
46642CBL3 |
4.327475% |
651,921,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
X-B |
46642CBM1 |
0.000000% |
69,143,000.00 |
4,773,979.85 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
4,348,730.48 |
|
|
|
X-C |
46642CAG5 |
0.827475% |
65,850,421.00 |
47,542,791.67 |
0.00 |
32,783.74 |
0.00 |
0.00 |
32,783.74 |
47,542,791.67 |
|
|
|
Notional SubTotal |
|
786,914,421.00 |
52,316,771.52 |
0.00 |
32,783.74 |
0.00 |
0.00 |
32,783.74 |
51,891,522.15 |
|
|
|
|
|
||||||||||||
|
Deal Distribution Total |
|
|
|
425,249.37 |
184,539.10 |
0.00 |
0.00 |
609,788.47 |
|
|
|
|
|
|
||||||||||||
|
* |
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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|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 2 of 26 |
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|
|
|
|
|
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 |
46642CBD1 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-2 |
46642CBE9 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-3A1 |
46642CBG4 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-3A2 |
46642CAA8 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-4A1 |
46642CBH2 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-4A2 |
46642CAD2 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-5 |
46642CBJ8 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-SB |
46642CBK5 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-S |
46642CBN9 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
B |
46642CBP4 |
69.04502046 |
6.15028810 |
0.24899223 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
6.39928033 |
62.89473237 |
|
C |
46642CBQ2 |
1,000.00000000 |
0.00000000 |
3.83073631 |
(0.22450699) |
0.75974203 |
0.00000000 |
0.00000000 |
3.83073631 |
1,000.00000000 |
|
D |
46642CAK6 |
1,000.00000000 |
0.00000000 |
0.00000000 |
3.60622943 |
14.42390867 |
0.00000000 |
0.00000000 |
0.00000000 |
1,000.00000000 |
|
E |
46642CAN0 |
1,000.00000000 |
0.00000000 |
0.00000000 |
2.91666667 |
60.59998923 |
0.00000000 |
0.00000000 |
0.00000000 |
1,000.00000000 |
|
F |
46642CAR1 |
1,000.00000000 |
0.00000000 |
0.00000000 |
2.91666633 |
143.98628164 |
0.00000000 |
0.00000000 |
0.00000000 |
1,000.00000000 |
|
G |
46642CAU4 |
1,000.00000000 |
0.00000000 |
0.00000000 |
2.91666633 |
145.83331646 |
0.00000000 |
0.00000000 |
0.00000000 |
1,000.00000000 |
|
NR |
46642CAX8 |
461.89516231 |
0.00000000 |
0.00000000 |
1.34719425 |
131.66542734 |
0.00000000 |
0.00000000 |
0.00000000 |
461.89516231 |
|
R |
46642CAZ3 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
Z |
46642CBB5 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
|
||||||||||
|
Notional Certificates |
|
|
|
|
|
|
|
|
|
|
|
X-A |
46642CBL3 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
X-B |
46642CBM1 |
69.04502046 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
62.89473237 |
|
X-C |
46642CAG5 |
721.98159022 |
0.00000000 |
0.49785164 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.49785164 |
721.98159022 |
|
|
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|
|
||||||||||
|
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||||||||||
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|
© 2021 Computershare. All rights reserved. Confidential. |
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Page 3 of 26 |
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|
|
|
Certificate Interest Reconciliation Detail |
|
|
|
|
||||
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
|
|
|
Accrued |
Net Aggregate |
Distributable |
Interest |
|
Interest |
|
|
|
|
|
|
Accrual |
Prior Interest |
Certificate |
Prepayment |
Certificate |
Shortfalls / |
Payback of Prior |
Distribution |
Interest |
Cumulative |
|
|
Class |
Accrual Period |
Days |
Shortfalls |
Interest |
Interest Shortfall |
Interest |
(Paybacks) |
Realized Losses |
Amount |
Distribution |
Interest Shortfalls |
|
|
A-1 |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
A-2 |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
A-3A1 |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
A-3A2 |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
A-4A1 |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
A-4A2 |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
A-5 |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
A-SB |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
A-S |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
X-A |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
X-B |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
X-C |
02/01/25 - 02/28/25 |
30 |
0.00 |
32,783.74 |
0.00 |
32,783.74 |
0.00 |
0.00 |
0.00 |
32,783.74 |
0.00 |
|
|
B |
02/01/25 - 02/28/25 |
30 |
0.00 |
17,216.07 |
0.00 |
17,216.07 |
0.00 |
0.00 |
0.00 |
17,216.07 |
0.00 |
|
|
C |
02/01/25 - 02/28/25 |
30 |
34,567.81 |
126,654.38 |
0.00 |
126,654.38 |
(7,884.91) |
0.00 |
0.00 |
134,539.29 |
26,682.90 |
|
|
D |
02/01/25 - 02/28/25 |
30 |
605,497.96 |
201,851.48 |
0.00 |
201,851.48 |
201,851.48 |
0.00 |
0.00 |
0.00 |
807,349.44 |
|
|
E |
02/01/25 - 02/28/25 |
30 |
696,353.07 |
35,210.00 |
0.00 |
35,210.00 |
35,210.00 |
0.00 |
0.00 |
0.00 |
731,563.07 |
|
|
F |
02/01/25 - 02/28/25 |
30 |
1,393,485.66 |
28,810.83 |
0.00 |
28,810.83 |
28,810.83 |
0.00 |
0.00 |
0.00 |
1,422,296.49 |
|
|
G |
02/01/25 - 02/28/25 |
30 |
1,411,730.67 |
28,810.83 |
0.00 |
28,810.83 |
28,810.83 |
0.00 |
0.00 |
0.00 |
1,440,541.50 |
|
|
NR |
02/01/25 - 02/28/25 |
30 |
4,433,741.79 |
45,834.81 |
0.00 |
45,834.81 |
45,834.81 |
0.00 |
0.00 |
0.00 |
4,479,576.60 |
|
|
Totals |
|
|
8,575,376.96 |
517,172.14 |
0.00 |
517,172.14 |
332,633.04 |
0.00 |
0.00 |
184,539.10 |
8,908,010.00 |
|
|
|
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|
|
||||||||||||
|
|
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|
|
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|
© 2021 Computershare. All rights reserved. Confidential. |
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|
Page 4 of 26 |
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|
|
|
Exchangeable Certificate Detail |
|
|
|
|
|
||
|
|
|
Pass-Through |
|
|
|
|
Prepayment |
|
|
|
|
|
Class |
CUSIP |
Rate |
Original Balance |
Beginning Balance Principal Distribution Interest Distribution |
Penalties |
|
Realized Losses |
Total Distribution |
Ending Balance |
||
|
Regular Interest |
|
|
|
|
|
|
|
|
|
|
|
|
A-S (Cert) |
46642CBN9 |
N/A |
37,315,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
A-S (EC) |
NA |
N/A |
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
B (Cert) |
46642CBP4 |
4.327475% |
69,143,000.00 |
4,773,979.85 |
425,249.37 |
17,216.07 |
0.00 |
|
0.00 |
442,465.44 |
4,348,730.48 |
|
B (EC) |
NA |
N/A |
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
C (Cert) |
46642CBQ2 |
4.327475% |
35,121,000.00 |
35,121,000.00 |
0.00 |
134,539.29 |
0.00 |
|
0.00 |
134,539.29 |
35,121,000.00 |
|
C (EC) |
NA |
N/A |
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
Regular Interest Total |
|
|
141,579,000.03 |
39,894,979.85 |
425,249.37 |
151,755.36 |
0.00 |
|
0.00 |
577,004.73 |
39,469,730.48 |
|
|
|||||||||||
|
Exchangeable Certificate Details |
|
|
|
|
|
|
|
|
|
|
|
|
EC |
46642CBR0 |
N/A |
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
Exchangeable Certificates Total |
|
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
|
|
|||||||||||
|
|
|||||||||||
|
|
|||||||||||
|
|
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|
© 2021 Computershare. All rights reserved. Confidential. |
|
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|
Page 5 of 26 |
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|
|
Additional Information |
|
|
Total Available Distribution Amount (1) |
609,788.47 |
|
|
(1) The Available Distribution Amount includes any Prepayment Premiums. |
|
|
|
|
||
|
|
||
|
|
||
|
|
||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
Page 6 of 26 |
|
Bond / Collateral Reconciliation - Cash Flows |
|
||
|
|
|||
|
Total Funds Collected |
|
Total Funds Distributed |
|
|
Interest |
|
Fees |
|
|
Interest Paid or Advanced |
501,425.12 |
Master Servicing Fee |
420.22 |
|
Interest Reductions due to Nonrecoverability Determination |
(312,888.91) |
Certificate Administrator Fee |
502.06 |
|
Interest Adjustments |
0.00 |
Trustee Fee |
63.17 |
|
Deferred Interest |
0.00 |
CREFC® Intellectual Property Royalty License Fee |
55.41 |
|
ARD Interest |
0.00 |
Senior Trust Advisor Fee |
232.74 |
|
Net Prepayment Interest Excess / (Shortfall) |
0.00 |
|
|
|
Extension Interest |
0.00 |
|
|
|
Interest Reserve Withdrawal |
14,422.21 |
|
|
|
Total Interest Collected |
202,958.42 |
Total Fees |
1,273.60 |
|
|
|||
|
Principal |
|
Expenses/Reimbursements |
|
|
Scheduled Principal |
268,332.72 |
Reimbursement for Interest on Advances |
0.00 |
|
Unscheduled Principal Collections |
|
ASER Amount |
0.00 |
|
Principal Prepayments |
0.00 |
Special Servicing Fees (Monthly) |
17,145.71 |
|
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 |
156,916.65 |
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 |
|
Total Principal Collected |
425,249.37 |
Other Expenses |
0.00 |
|
|
|
Total Expenses/Reimbursements |
17,145.71 |
|
|
|||
|
|
|
Interest Reserve Deposit |
0.00 |
|
|
|||
|
Other |
|
Payments to Certificateholders and Others |
|
|
Prepayment Penalties / Yield Maintenance |
0.00 |
Interest Distribution |
184,539.10 |
|
Gain on Sale / Excess Liquidation Proceeds |
0.00 |
Principal Distribution |
425,249.37 |
|
Borrower Option Extension Fees |
0.00 |
Prepayment Penalties / Yield Maintenance |
0.00 |
|
|
|
Borrower Option Extension Fees |
0.00 |
|
Total Other Collected |
0.00 |
Total Payments to Certificateholders and Others |
609,788.47 |
|
Total Funds Collected |
628,207.79 |
Total Funds Distributed |
628,207.78 |
|
|
|||
|
|
|||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
Page 7 of 26 |
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|
|
Bond / Collateral Reconciliation - Balances |
|
||
|
|
|||||
|
|
|
Collateral Reconciliation |
|
Certificate Reconciliation |
|
|
|
|
|
Total |
|
Total |
|
Beginning Scheduled Collateral Balance |
142,494,820.40 |
142,494,820.40 |
Beginning Certificate Balance |
143,410,771.52 |
|
|
(-) Scheduled Principal Collections |
268,332.72 |
268,332.72 |
(-) Principal Distributions |
425,249.37 |
|
|
(-) Unscheduled Principal Collections |
156,916.65 |
156,916.65 |
(-) 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 |
142,069,571.03 |
142,069,571.03 |
Certificate Other Adjustments** |
0.00 |
|
|
Beginning Actual Collateral Balance |
145,677,885.25 |
145,677,885.25 |
Ending Certificate Balance |
142,985,522.15 |
|
|
Ending Actual Collateral Balance |
145,259,432.78 |
145,259,432.78 |
|
|
|
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|
NRA/WODRA Reconciliation |
|
Under / Over Collateralization Reconciliation |
|
|
|
|
Non-Recoverable Advances (NRA) from |
Workout Delayed Reimbursement of Advances |
|
|
|
|
|
Principal |
(WODRA) from Principal |
Beginning UC / (OC) |
915,951.12 |
|
Beginning Cumulative Advances |
6,267,183.34 |
915,951.12 |
UC / (OC) Change |
0.00 |
|
|
Current Period Advances |
0.00 |
0.00 |
Ending UC / (OC) |
915,951.12 |
|
|
Ending Cumulative Advances |
6,267,183.34 |
915,951.12 |
Net WAC Rate |
4.33% |
|
|
|
|
|
|
UC / (OC) Interest |
3,303.13 |
|
(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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|
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|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
Page 8 of 26 |
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|
|
|
Current Mortgage Loan and Property Stratification |
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|
|
|
||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
|
|
Scheduled Balance |
|
|
|
|
|
Debt Service Coverage Ratio¹ |
|
|
|
||
|
|
Scheduled |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
Debt Service Coverage |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
|
|
|
|
|
|
WAM² |
WAC |
|
|
|
|
|
WAM² |
WAC |
|
|
|
Balance |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
Ratio |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
|
|
9,999,999 or less |
1 |
5,754,145.86 |
4.05% |
51 |
4.4150 |
2.124100 |
1.35 or less |
4 |
136,315,425.17 |
95.95% |
(22) |
4.5287 |
0.623452 |
|
10,000,000 to 19,999,999 |
1 |
16,666,399.51 |
11.73% |
(11) |
4.6500 |
(0.334800) |
1.36 to 1.45 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
20,000,000 to 24,999,999 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
1.46 to 1.55 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
25,000,000 to 49,999,999 |
3 |
119,649,025.66 |
84.22% |
(23) |
4.5118 |
0.756931 |
1.56 to 1.65 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
50,000,000 or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
1.66 to 1.80 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
Totals |
5 |
142,069,571.03 |
100.00% |
(19) |
4.5241 |
0.684232 |
1.81 to 2.00 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
2.01 to 2.25 |
1 |
5,754,145.86 |
4.05% |
51 |
4.4150 |
2.124100 |
|
|
|
|
|
|
|
|
|
2.26 or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
Totals |
5 |
142,069,571.03 |
100.00% |
(19) |
4.5241 |
0.684232 |
|
(1) |
Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is |
|||||||||||||
|
|
used. The debt service coverage ratio information was provided to the Certificate Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such information. |
|
|
|
|
|||||||||
|
(2) |
Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the Maturity Date. |
|
|
|
|
|
||||||||
|
(3) |
Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off Date Balance of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances of all pooled loans as reported in the |
|||||||||||||
|
|
CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure for the "State" and "Property" stratification tables is not equal to the sum of the scheduled balance figures for each state or property, the difference is explained by loans that have been modified into a split |
|||||||||||||
|
|
loan structure. The "State" and "Property" stratification tables do not include the balance of the subordinate note (sometimes called the B-piece or a "hope note") of a loan that has been modified into a split-loan structure. Rather, the scheduled balance for each state or property only reflects the |
|||||||||||||
|
|
balance of the senior note (sometimes called the A-piece) of a loan that has been modified into a split-loan structure. |
|
|
|
|
|
|
|
|
|||||
|
|
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|
|
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|
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|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
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|
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|
Page 9 of 26 |
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|
|
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 |
|
|
|||||||||||||
|
California |
1 |
16,666,399.51 |
11.73% |
(11) |
4.6500 |
(0.334800) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mixed Use |
1 |
29,579,966.36 |
20.82% |
(9) |
4.6500 |
1.345400 |
|
Illinois |
2 |
90,069,059.30 |
63.40% |
(28) |
4.4664 |
0.563669 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Office |
1 |
45,572,796.88 |
32.08% |
(9) |
4.6660 |
0.209800 |
|
Michigan |
1 |
5,754,145.86 |
4.05% |
51 |
4.4150 |
2.124100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
3 |
66,916,807.79 |
47.10% |
(30) |
4.3718 |
0.715074 |
|
New York |
1 |
29,579,966.36 |
20.82% |
(9) |
4.6500 |
1.345400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
5 |
142,069,571.03 |
100.00% |
(19) |
4.5241 |
0.684232 |
|
Totals |
5 |
142,069,571.03 |
100.00% |
(19) |
4.5241 |
0.684232 |
|
|
|
|
|
|
|
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
Note: Please refer to footnotes on the next page of the report. |
|
|
|
|
|
|
|
|
|
|
|
||
|
|
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|
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|
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|
© 2021 Computershare. All rights reserved. Confidential. |
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Page 10 of 26 |
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|
|
Current Mortgage Loan and Property Stratification |
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|
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|
||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
|
|
Note Rate |
|
|
|
|
|
Seasoning |
|
|
|
||
|
|
|
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
|
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
|
|
Note Rate |
|
|
|
WAM² |
WAC |
|
Seasoning |
|
|
|
WAM² |
WAC |
|
|
|
|
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
|
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
|
|
4.40000% or less |
1 |
44,496,262.42 |
31.32% |
(47) |
4.2620 |
0.926100 |
12 months or less |
4 |
97,573,308.61 |
68.68% |
(6) |
4.6436 |
0.573933 |
|
|
4.40001% to 4.60000% |
1 |
5,754,145.86 |
4.05% |
51 |
4.4150 |
2.124100 |
13 to 24 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
4.60001% to 4.80000% |
3 |
91,819,162.75 |
64.63% |
(9) |
4.6579 |
0.476787 |
25 to 36 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
4.80001% to 5.00000% |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
37 to 48 months |
1 |
44,496,262.42 |
31.32% |
(47) |
4.2620 |
0.926100 |
|
|
5.00001% or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
49 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
Totals |
5 |
142,069,571.03 |
100.00% |
(19) |
4.5241 |
0.684232 |
Totals |
5 |
142,069,571.03 |
100.00% |
(19) |
4.5241 |
0.684232 |
|
(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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|
© 2021 Computershare. All rights reserved. Confidential. |
|
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|
Page 11 of 26 |
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|
|
Current Mortgage Loan and Property Stratification |
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||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
|
Anticipated Remaining Term (ARD and Balloon Loans) |
|
|
|
Remaining Amortization Term (ARD and Balloon Loans) |
|
|
||||||
|
|
Anticipated |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
Remaining |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
|
|
|
|
|
|
WAM² |
WAC |
|
|
|
|
|
WAM² |
WAC |
|
|
|
Remaining Term |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
Amortization Term |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
|
|
60 months or less |
4 |
136,315,425.17 |
95.95% |
(22) |
4.5287 |
0.623452 |
300 months or less |
4 |
136,315,425.17 |
95.95% |
(22) |
4.5287 |
0.623452 |
|
61 months to 120 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
301 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
121 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
Totals |
4 |
136,315,425.17 |
95.95% |
(22) |
4.5287 |
0.623452 |
|
|
Totals |
4 |
136,315,425.17 |
95.95% |
(22) |
4.5287 |
0.623452 |
|
|
|
|
|
|
|
|
(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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||||||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
|
|
Page 12 of 26 |
||||
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|
|
Current Mortgage Loan and Property Stratification |
|
|
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|
||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
|
|
Age of Most Recent NOI |
|
|
|
|
Remaining Stated Term (Fully Amortizing Loans) |
|
|
||||
|
|
Age of Most |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
Age of Most |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
|
|
|
|
|
|
WAM² |
WAC |
|
|
|
|
|
WAM² |
WAC |
|
|
|
Recent NOI |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
Recent NOI |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
|
|
12 Months or Less |
2 |
46,246,365.87 |
32.55% |
(10) |
4.6500 |
0.739885 |
60 months or less |
1 |
5,754,145.86 |
4.05% |
51 |
4.4150 |
2.124100 |
|
|
13 to 24 Months |
2 |
51,326,942.74 |
36.13% |
(2) |
4.6379 |
0.424408 |
61 months to 120 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
25 Months or Greater |
1 |
44,496,262.42 |
31.32% |
(47) |
4.2620 |
0.926100 |
121 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
Totals |
5 |
142,069,571.03 |
100.00% |
(19) |
4.5241 |
0.684232 |
Totals |
1 |
5,754,145.86 |
4.05% |
51 |
4.4150 |
2.124100 |
|
(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 13 of 26 |
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|
|
|
|
|
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 |
|
|
4 |
302041004 |
RT |
Lincolnwood |
IL |
Actual/360 |
4.262% |
0.00 |
0.00 |
0.00 |
N/A |
04/01/21 |
-- |
44,496,262.42 |
44,496,262.42 |
01/01/21 |
|
6 |
302041006 |
OF |
Chicago |
IL |
Actual/360 |
4.666% |
0.00 |
0.00 |
0.00 |
N/A |
06/01/24 |
-- |
45,572,796.88 |
45,572,796.88 |
12/01/23 |
|
9 |
302041009 |
MU |
New York |
NY |
Actual/360 |
4.650% |
107,811.19 |
229,578.34 |
0.00 |
06/01/24 |
01/01/26 |
-- |
29,809,544.70 |
29,579,966.36 |
03/01/25 |
|
11 |
302041011 |
RT |
Westminster |
CA |
Actual/360 |
4.650% |
60,617.05 |
94,073.99 |
0.00 |
N/A |
04/01/24 |
-- |
16,760,473.50 |
16,666,399.51 |
02/01/25 |
|
19 |
302041019 |
RT |
Madison Heights |
MI |
Actual/360 |
4.415% |
20,107.97 |
101,597.04 |
0.00 |
N/A |
06/01/29 |
-- |
5,855,742.90 |
5,754,145.86 |
03/01/25 |
|
Totals |
|
|
|
|
|
|
188,536.21 |
425,249.37 |
0.00 |
|
|
|
142,494,820.40 |
142,069,571.03 |
|
|
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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|
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|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
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|
|
|
Page 14 of 26 |
|||||
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|
|
|
|
|
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 |
|
|
4 |
3,323,667.00 |
0.00 |
-- |
-- |
-- |
0.00 |
3,454,768.59 |
0.00 |
0.00 |
1,140,453.32 |
0.00 |
|
|
|
6 |
1,796,367.71 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
2,089,472.08 |
0.00 |
|
|
|
9 |
3,090,462.15 |
2,199,632.34 |
01/01/24 |
09/30/24 |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
11 |
(1,138,682.30) |
(1,517,530.65) |
10/01/23 |
09/30/24 |
08/12/24 |
0.00 |
0.00 |
154,625.86 |
154,625.86 |
0.00 |
0.00 |
|
|
|
19 |
3,360,830.75 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
Totals |
10,432,645.31 |
682,101.69 |
|
|
|
0.00 |
3,454,768.59 |
154,625.86 |
154,625.86 |
3,229,925.40 |
0.00 |
|
|
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
|
|
|
Page 15 of 26 |
||||
|
|
|
Principal Prepayment Detail |
|
|
|
|
|
|
|
Unscheduled Principal |
Prepayment Penalties |
|
|
Pros ID |
Loan Number |
Amount |
Prepayment / Liquidation Code |
Prepayment Premium Amount |
Yield Maintenance Amount |
|
9 |
302041009 |
156,916.65 |
Partial Liquidation (Curtailment) |
0.00 |
0.00 |
|
Totals |
|
156,916.65 |
|
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. |
|
|
|||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
Page 16 of 26 |
|
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|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/17/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
1 |
44,496,262.42 |
0 |
0.00 |
|
1 |
156,916.65 |
0 |
0.00 |
4.524093% |
4.318438% |
(19) |
|
02/18/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
1 |
44,496,262.42 |
0 |
0.00 |
|
1 |
64,921.44 |
0 |
0.00 |
4.524301% |
4.319024% |
(18) |
|
01/17/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
1 |
44,496,262.42 |
0 |
0.00 |
|
1 |
7,000,000.00 |
0 |
0.00 |
4.524412% |
4.319370% |
(17) |
|
12/17/24 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
1 |
44,496,262.42 |
0 |
0.00 |
|
1 |
46,061.46 |
0 |
0.00 |
4.530300% |
4.322717% |
(15) |
|
11/18/24 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
1 |
44,496,262.42 |
0 |
0.00 |
|
1 |
76,532.88 |
1 |
11,523,505.46 |
4.530361% |
4.322995% |
(14) |
|
10/18/24 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
1 |
44,496,262.42 |
0 |
0.00 |
|
1 |
41,895.60 |
0 |
0.00 |
4.550185% |
4.336975% |
(12) |
|
09/17/24 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
1 |
44,496,262.42 |
0 |
0.00 |
|
1 |
130,097.62 |
0 |
0.00 |
4.550302% |
4.337253% |
(11) |
|
08/16/24 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
1 |
44,496,262.42 |
0 |
0.00 |
|
1 |
90,754.30 |
0 |
0.00 |
4.550460% |
4.337678% |
(10) |
|
07/17/24 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
1 |
44,496,262.42 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
4.550594% |
4.355806% |
(9) |
|
06/17/24 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
1 |
44,496,262.42 |
0 |
0.00 |
|
0 |
0.00 |
0 |
0.00 |
4.550681% |
4.356001% |
(8) |
|
05/17/24 |
0 |
0.00 |
0 |
0.00 |
1 |
45,955,952.22 |
0 |
0.00 |
|
1 |
44,496,262.42 |
0 |
0.00 |
|
0 |
0.00 |
1 |
4,261,608.31 |
4.550758% |
4.356182% |
(7) |
|
04/17/24 |
0 |
0.00 |
0 |
0.00 |
1 |
46,035,249.92 |
0 |
0.00 |
|
1 |
44,496,262.42 |
0 |
0.00 |
|
0 |
0.00 |
2 |
21,576,395.86 |
4.567165% |
4.386438% |
(6) |
|
(1) Foreclosure and REO Totals are included in the delinquencies aging categories. |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 17 of 26 |
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Delinquency Loan Detail |
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|||
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|
|||||||||||||||
|
|
|
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 |
|
|
4 |
302041004 |
01/01/21 |
49 |
5 |
|
0.00 |
0.00 |
1,352,540.54 |
46,839,166.11 |
05/01/20 |
7 |
|
|
|
08/19/21 |
|
6 |
302041006 |
12/01/23 |
14 |
5 |
|
0.00 |
0.00 |
2,089,472.08 |
46,337,482.18 |
02/02/24 |
13 |
|
|
|
|
|
11 |
302041011 |
02/01/25 |
0 |
5 |
|
154,625.86 |
154,625.86 |
0.00 |
16,748,672.27 |
02/27/24 |
4 |
|
|
|
|
|
Totals |
|
|
|
|
|
154,625.86 |
154,625.86 |
3,442,012.62 |
109,925,320.56 |
|
|
|
|
|
|
|
1 Mortgage Loan Status |
|
|
|
|
|
|
2 Resolution Strategy Code |
|
|
|
|
|
|
||
|
A - Payment Not Received But Still in Grace Period 0 - Current |
|
4 - Performing Matured Balloon |
|
1 - Modification |
6 - DPO |
|
|
10 - Deed in Lieu of Foreclosures |
|||||||
|
B - Late Payment But Less Than 30 days |
1 - 30-59 Days Delinquent |
5 - Non Performing Matured Balloon |
2 - Foreclosure |
7 - REO |
|
|
11- Full Payoff |
|
|||||||
|
Delinquent |
|
|
|
|
|
|
|
3 - Bankruptcy |
8 - Resolved |
|
|
12 - Reps and Warranties |
|||
|
|
|
|
2 - 60-89 Days Delinquent |
6 - 121+ Days Delinquent |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
4 - Extension |
9 - Pending Return to Master Servicer |
13 - |
TBD |
|
|||
|
|
|
|
3 - 90-120 Days Delinquent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 - Note Sale |
98 - Other |
|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 18 of 26 |
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Collateral Stratification and Historical Detail |
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|||
|
Maturity Dates and Loan Status¹ |
|
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|
|
|
|
||
|
|
||||||||
|
|
|
Total |
Performing |
Non-Performing |
REO/Foreclosure |
|
||
|
|
||||||||
|
Past Maturity |
|
106,735,459 |
0 |
62,239,196 |
44,496,262 |
|
||
|
0 - 6 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
7 - 12 Months |
|
29,579,966 |
29,579,966 |
0 |
|
|
0 |
|
|
13 - 24 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
25 - 36 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
37 - 48 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
49 - 60 Months |
|
5,754,146 |
5,754,146 |
0 |
|
|
0 |
|
|
> 60 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
|
||||||||
|
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||||||||
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||||||||
|
Historical Delinquency Information |
|
|
|
|
|
|
||
|
|
||||||||
|
|
Total |
Current |
30-59 Days |
60-89 Days |
90+ Days |
REO/Foreclosure |
|
|
|
|
||||||||
|
Mar-25 |
142,069,571 |
52,000,512 |
0 |
0 |
45,572,797 |
44,496,262 |
|
|
|
Feb-25 |
142,494,820 |
35,665,288 |
16,760,474 |
0 |
45,572,797 |
44,496,262 |
|
|
|
Jan-25 |
142,806,646 |
35,889,883 |
0 |
16,847,704 |
45,572,797 |
44,496,262 |
|
|
|
Dec-24 |
150,024,667 |
36,048,940 |
0 |
0 |
69,479,465 |
44,496,262 |
|
|
|
Nov-24 |
150,295,425 |
60,226,366 |
0 |
0 |
45,572,797 |
44,496,262 |
|
|
|
Oct-24 |
162,134,165 |
60,518,706 |
0 |
0 |
57,119,196 |
44,496,262 |
|
|
|
Sep-24 |
162,503,758 |
36,694,866 |
0 |
0 |
81,312,630 |
44,496,262 |
|
|
|
Aug-24 |
162,944,532 |
36,980,370 |
0 |
0 |
81,467,900 |
44,496,262 |
|
|
|
Jul-24 |
163,344,377 |
48,841,612 |
0 |
0 |
70,006,503 |
44,496,262 |
|
|
|
Jun-24 |
163,667,609 |
49,024,287 |
0 |
0 |
70,147,060 |
44,496,262 |
|
|
|
May-24 |
163,974,209 |
49,199,935 |
0 |
0 |
70,278,011 |
44,496,262 |
|
|
|
Apr-24 |
177,732,193 |
62,818,412 |
0 |
0 |
70,417,519 |
44,496,262 |
|
|
|
(1) Maturity dates used in this chart are based on the dates provided by the Master Servicer in the Loan Periodic File. |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 19 of 26 |
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|
Specially Serviced Loan Detail - Part 1 |
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|
|||
|
|
|
Ending Scheduled |
|
|
|
Net Operating |
|
|
|
Remaining |
|
Pros ID |
Loan ID |
Balance |
Actual Balance |
Appraisal Value |
Appraisal Date |
Income |
DSCR |
DSCR Date |
Maturity Date |
Amort Term |
|
4 |
302041004 |
44,496,262.42 |
46,839,166.11 |
15,000,000.00 |
04/21/23 |
2,901,674.00 |
0.92610 |
12/31/19 |
04/01/21 |
228 |
|
6 |
302041006 |
45,572,796.88 |
46,337,482.18 |
101,000,000.00 |
04/16/14 |
975,896.71 |
0.20980 |
12/31/23 |
06/01/24 |
230 |
|
11 |
302041011 |
16,666,399.51 |
16,748,672.27 |
104,000,000.00 |
04/27/24 |
(1,760,953.65) |
(0.33480) |
09/30/24 |
04/01/24 |
228 |
|
Totals |
|
106,735,458.81 |
109,925,320.56 |
220,000,000.00 |
|
2,116,617.06 |
|
|
|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 20 of 26 |
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|
Specially Serviced Loan Detail - Part 2 |
|
||
|
|
||||||||
|
|
|
|
|
Servicing |
|
|
|
|
|
|
|
Property |
|
Transfer |
Resolution |
|
|
|
|
Pros ID |
Loan ID |
Type¹ |
State |
Date |
Strategy Code² |
|
Special Servicing Comments |
|
|
4 |
302041004 |
RT |
IL |
05/01/20 |
7 |
|
|
|
|
|
Loan transferred from previous SS to Keybank on 11/11/2024. Loan is currently REO and being managed by a third party property management firm. SS is in process of determining how to position the asset. |
|||||||
|
|
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|
|
||||||||
|
|
||||||||
|
6 |
302041006 |
OF |
IL |
02/02/24 |
13 |
|
|
|
|
|
The subject property is a 29-story multi-tenant office building built in 1973 and located in the Chicago CBD. KeyBank replaced Torchlight as Special Servicer on 6/4/2024. KeyBank has engaged with the Borrower and are working on a mutually |
|||||||
|
|
agreeable resolution. |
|
|
|
|
|
|
|
|
|
||||||||
|
|
||||||||
|
11 |
302041011 |
RT |
CA |
02/27/24 |
4 |
|
|
|
|
|
2/24/2025 - The loan transferred to Special Servicing on 2/27/2024 for imminent maturity default. The loan matured on 4/1/2024. The property is under contract to be sold and the Special Servicer finalized a forbearance agreement with the |
|||||||
|
|
Borrower forbearing the loan to 1/1/2026 so the Borrower can successfully close the sale in 2025. The loan is in a lockbox and the Special Servicer is making P&I payments and paying down advances each month. The Subject Property is a |
|||||||
|
|
771,844 square foot enclosed shopping complex located in Westminster, CA within the Los-Angeles MSA. |
|
|
|
||||
|
|
||||||||
|
1 Property Type Codes |
|
|
|
|
2 Resolution Strategy Code |
|
|
|
|
HC - Health Care |
|
MU - Mixed Use |
|
WH - Warehouse |
1 - Modification |
6 - DPO |
10 - Deed in Lieu of Foreclosures |
|
|
MF - Multi-Family |
|
SS - Self Storage |
|
LO - Lodging |
2 - Foreclosure |
7 - REO |
11- Full Payoff |
|
|
RT - Retail |
|
SF - Single Family Rental |
98 - Other |
3 - Bankruptcy |
8 - Resolved |
12 - Reps and Warranties |
||
|
IN - Industrial |
|
OF - Office |
|
MH - Mobile Home Park |
4 - Extension |
9 - Pending Return to Master Servicer |
13 - TBD |
|
|
SE - Securities |
|
CH - Cooperative Housing |
ZZ - Missing Information/Undefined |
5 - Note Sale |
98 - Other |
|
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|
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|
© 2021 Computershare. All rights reserved. Confidential. |
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Page 21 of 26 |
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|
Modified Loan Detail |
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||
|
|
|
Pre-Modification |
Post-Modification |
|
|
Modification |
Modification |
||
|
|
|
|
|
|
|
Modification |
Modification Booking |
Closing |
Effective |
|
|
|
Balance |
Rate |
Balance |
Rate |
|
|
|
|
|
Pros ID |
Loan Number |
|
|
|
|
Code¹ |
Date |
Date |
Date |
|
4 |
302041004 |
0.00 |
4.26200% |
0.00 |
4.26200% |
10 |
09/14/20 |
05/01/20 |
10/13/20 |
|
11 |
302041011 |
26,853,934.79 |
4.65000% |
26,853,934.79 4.65000% |
10 |
06/01/20 |
06/01/20 |
07/13/20 |
|
|
22 |
302041022 |
0.00 |
4.80770% |
0.00 |
4.80770% |
8 |
10/05/21 |
08/01/21 |
-- |
|
Totals |
|
26,853,934.79 |
|
26,853,934.79 |
|
|
|
|
|
|
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: Note: Please refer to Servicer Reports for modification comments. |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 22 of 26 |
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|
Historical Liquidated Loan Detail |
|
|
|
|
||||
|
|
||||||||||||
|
|
|
Loan |
|
Gross Sales |
|
|
|
|
Current |
|
Loss to Loan |
Percent of |
|
|
|
Beginning |
Most Recent |
Proceeds or |
Fees, |
Net Proceeds |
Net Proceeds |
|
Period |
Cumulative |
with |
Original |
|
|
Loan |
Scheduled |
Appraised |
Other |
Advances, |
Received on |
Available for |
Realized Loss |
Adjustment to |
Adjustment to |
Cumulative |
Loan |
|
Pros ID¹ |
Number Dist.Date |
Balance |
Value or BPO |
Proceeds |
and Expenses |
Liquidation |
Distribution |
to Loan |
Loan |
Loan |
Adjustment |
Balance |
|
15 |
302041015 02/17/22 |
18,856,858.48 |
13,300,000.00 |
14,763,904.39 |
3,808,089.09 |
14,763,904.39 |
10,955,815.30 |
7,901,043.18 |
0.00 |
81,866.72 |
7,819,176.46 |
39.09% |
|
22 |
302041022 11/18/24 |
11,546,399.52 |
13,100,000.00 |
12,724,787.15 |
1,178,387.63 |
12,724,787.15 |
11,546,399.52 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
|
23 |
302041023 10/18/19 |
11,421,954.04 |
20,000,000.00 |
11,900,626.31 |
296,464.32 |
11,900,626.31 |
11,604,161.99 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
|
Current Period Totals |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
Cumulative Totals |
41,825,212.04 |
46,400,000.00 |
39,389,317.85 |
5,282,941.04 |
39,389,317.85 |
34,106,376.81 |
7,901,043.18 |
0.00 |
81,866.72 |
7,819,176.46 |
|
|
|
|
||||||||||||
|
Note: Fees, Advances and Expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.). |
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|
© 2021 Computershare. All rights reserved. Confidential. |
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Page 23 of 26 |
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|
Historical Bond / Collateral Loss Reconciliation Detail |
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|
|
Certificate |
Reimb of Prior |
|
|
|
|
|
|
|
|
|
|
|
Interest Paid |
Realized Losses |
|
Loss Covered by |
|
|
|
|
Total Loss |
|
|
|
|
from Collateral |
from Collateral |
Aggregate |
Credit |
Loss Applied to |
Loss Applied to |
Non-Cash |
Realized Losses |
Applied to |
|
|
Loan |
Distribution |
Principal |
Interest |
Realized Loss to |
Support/Deal |
Certificate |
Certificate |
Principal |
from |
Certificate |
|
Pros ID |
Number |
Date |
Collections |
Collections |
Loan |
Structure |
Interest Payment |
Balance |
Adjustment |
NRA/WODRA |
Balance |
|
Deal |
Deal |
11/18/24 |
775,488.11 |
0.00 |
0.00 |
0.00 |
0.00 |
775,488.11 |
0.00 |
0.00 |
775,488.11 |
|
15 |
302041015 |
11/17/23 |
0.00 |
0.00 |
7,819,176.46 |
0.00 |
0.00 |
215.00 |
0.00 |
0.00 |
7,819,176.46 |
|
|
|
04/17/23 |
0.00 |
0.00 |
7,818,961.46 |
0.00 |
0.00 |
(82,081.72) |
0.00 |
0.00 |
|
|
|
|
02/17/22 |
0.00 |
0.00 |
7,901,043.18 |
0.00 |
0.00 |
7,901,043.18 |
0.00 |
0.00 |
|
|
22 |
302041022 |
11/18/24 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
775,488.11 |
775,488.11 |
|
23 |
302041023 |
10/18/19 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Current Period Totals |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
Cumulative Totals |
|
775,488.11 |
0.00 |
7,819,176.46 |
0.00 |
0.00 |
8,594,664.57 |
0.00 |
775,488.11 |
9,370,152.68 |
|
|
|
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Page 24 of 26 |
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Interest Shortfall Detail - Collateral Level |
|
|
|
|
|||||
|
|
||||||||||||
|
|
|
|
Special Servicing Fees |
|
|
|
|
|
|
|
Modified |
|
|
|
|
Deferred |
|
|
|
|
|
Non- |
|
Reimbursement of |
Other |
Interest |
|
|
Interest |
Interest |
|
|
|
|
|
Recoverable |
Interest on |
Advances from |
Shortfalls / |
Reduction / |
|
Pros ID |
Adjustments |
Collected |
Monthly |
Liquidation |
Work Out |
ASER |
PPIS / (PPIE) |
Interest |
Advances |
Interest |
(Refunds) |
(Excess) |
|
4 |
0.00 |
0.00 |
8,652.05 |
0.00 |
0.00 |
0.00 |
0.00 |
147,500.17 |
0.00 |
0.00 |
0.00 |
0.00 |
|
6 |
0.00 |
0.00 |
8,861.38 |
0.00 |
0.00 |
0.00 |
0.00 |
165,388.74 |
0.00 |
0.00 |
0.00 |
0.00 |
|
11 |
0.00 |
0.00 |
(367.72) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total |
0.00 |
0.00 |
17,145.71 |
0.00 |
0.00 |
0.00 |
0.00 |
312,888.91 |
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 |
330,034.62 |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 25 of 26 |
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Supplemental Notes |
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None |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 26 of 26 |