EX-99.1 2 dbu11lc3_ex991-202106.htm dbu11lc3_ex991-202106.htm - Generated by SEC Publisher for SEC Filing

 

       

 

 

For Additional Information, please contact

 

DBUBS 2011-LC3 Mortgage Trust

CTSLink Customer Service

 

 

 

1-866-846-4526

 

 

Wells Fargo Bank, N.A.

Commercial Mortgage Pass-Through Certificates

Reports Available www.ctslink.com

Corporate Trust Services

Series 2011-LC3

Payment Date:

6/11/21

8480 Stagecoach Circle

 

Record Date:

5/28/21

Frederick, MD 21701-4747

 

Determination Date:

6/7/21

 

       

 

DISTRIBUTION DATE STATEMENT

 

 

 

Table of Contents

 

 

 

 

STATEMENT SECTIONS

PAGE(s)

 

 

Certificate Distribution Detail

2

 

 

Certificate Factor Detail

3

 

 

Reconciliation Detail

4

 

 

Other Required Information

5

 

 

Cash Reconciliation

6

 

 

Ratings Detail

7

 

 

Current Mortgage Loan and Property Stratification Tables

8 - 10

 

 

Mortgage Loan Detail

11

 

 

NOI Detail

12

 

 

Principal Prepayment Detail

13

 

 

Historical Detail

14

 

 

Delinquency Loan Detail

15

 

 

Specially Serviced Loan Detail

16 - 19

 

 

Advance Summary

20

 

 

Modified Loan Detail

21

 

 

Historical Liquidated Loan Detail

22

 

 

Historical Bond/Collateral Loss Reconciliation Detail

23

 

 

Interest Shortfall Reconciliation Detail

24 - 25

 

 

Defeased Loan Detail

26

 

 

Supplemental Reporting

27

 

 

          Depositor

                Master Servicer &

 Pooled Special Servicer

 

 

     Providence Place Mall Loan Special Servicer

 

 

 

Deutsche Mortgage & Asset Receiving

 

KeyBank National Association

Corporation

     Wells Fargo Bank, National Association

11501 Outlook Street

60 Wall Street

      Three Wells Fargo, MAC D1050-084

Suite 300

 

New York, NY 10005

     401 S. Tryon Street, 8th Floor

Overland Park, KS 66211

 

     Charlotte, NC 28202

 

 

 

Contact:

     Contact:

Contact: Michael Tilden

 

Helaine M. Kaplan

 

 

 

Phone Number: (212) 250-5270

     REAM_InvestorRelations@wellsfargo.com

Phone Number: (913) 317-4372

 

     Phone Number:

 

 

 

This report is compiled by Wells Fargo Bank, N.A. from information provided by third parties. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of the information.

   

Copyright 2021, Wells Fargo Bank, N.A.

Page 1 of 27

 


 

                       

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

Pass-Through

 

 

 

 

 

 

 

 

 

Class

CUSIP

 

Original

Beginning

Principal

Interest

Prepayment

Realized Loss /

Total

Ending

Current

 

 

Rate

Balance

Balance

Distribution

Distribution

Penalties

Additional Trust

Distribution

Balance

Subordination

 

 

 

 

 

 

 

 

Fund Expenses

 

 

Level (1)

 

A-1

23305YAA7

2.238000%

97,779,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

A-2

23305YBB4

3.642000%

671,771,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

A-3

23305YAC3

4.638000%

97,268,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

A-4

23305YAD1

4.551000%

112,102,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

A-M

23305YAJ8

5.605355%

127,609,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

B

23305YAK5

5.605355%

75,167,000.00

58,032,540.49

3,951,860.67

271,077.50

0.00

0.00

4,222,938.17

54,080,679.82

80.03%

C

23305YAL3

5.605355%

54,190,000.00

54,190,000.00

0.00

253,128.50

0.00

0.00

253,128.50

54,190,000.00

60.02%

D

23305YAM1

5.605355%

73,419,000.00

73,419,000.00

0.00

342,949.65

0.00

0.00

342,949.65

73,419,000.00

32.92%

E

23305YAN9

3.750000%

19,229,000.00

19,229,000.00

0.00

55,873.30

0.00

0.00

55,873.30

19,229,000.00

25.82%

F

23305YAP4

3.750000%

19,229,000.00

19,229,000.00

0.00

0.00

0.00

0.00

0.00

19,229,000.00

18.72%

G

23305YAQ2

3.750000%

50,694,485.19

50,694,485.00

0.00

0.00

0.00

0.00

0.00

50,694,485.00

0.00%

PM-1

23305YAU3

4.452000%

140,100,000.00

105,537,672.10

379,663.40

391,544.76

0.00

0.00

771,208.16

105,158,008.70

42.74%

PM-2

23305YAW9

5.267520%

32,900,000.00

32,900,000.00

0.00

144,417.84

0.00

0.00

144,417.84

32,900,000.00

29.86%

PM-3

23305YAX7

5.267520%

28,900,000.00

28,900,000.00

0.00

126,859.44

0.00

0.00

126,859.44

28,900,000.00

18.54%

PM-4

23305YAY5

5.267520%

26,500,000.00

26,500,000.00

0.00

116,324.40

0.00

0.00

116,324.40

26,500,000.00

8.17%

PM-5

23305YAZ2

5.267520%

20,877,553.00

20,877,553.00

0.00

91,644.11

0.00

0.00

91,644.11

20,877,553.00

0.00%

V

23305YAR0

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

R

23305YAS8

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

LR

23305YAT6

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

Totals

 

 

1,647,735,038.19

489,509,250.59

4,331,524.07

1,793,819.50

0.00

0.00

6,125,343.57

  485,177,726.52

 

 

 

 

 

Original

Beginning

 

 

 

Ending

 

 

 

Class

CUSIP

Pass-Through

Notional

Notional

Interest

Prepayment

Total

Notional

 

 

 

 

 

Rate

Amount

Amount

Distribution

Penalties

Distribution

Amount

 

 

 

 

X-A

23305YAG4

5.605355%

1,106,529,000.00

0.00

0.00

0.00

0.00

0.00

 

 

 

X-B

23305YAH2

0.601940%

291,928,485.19

274,794,025.67

137,841.27

0.00

137,841.27

270,842,165.00

 

 

 

PM-X

23305YAV1

0.687145%

194,940,367.00

146,849,054.44

84,088.82

0.00

84,088.82

146,320,776.62

 

 

 

(1) Calculated by taking (A) the sum of the ending certificate balance of all classes 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).

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

Page 2 of 27

 


 

               

 

 

 

Certificate Factor Detail

 

 

 

 

 

 

 

Beginning

Principal

Interest

Prepayment

Realized Loss /

Ending

Class

CUSIP

 

 

 

 

Additional Trust

 

 

 

Balance

Distribution

Distribution

Penalties

 

Balance

 

 

 

 

 

 

Fund Expenses

 

 

A-1

23305YAA7

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-2

23305YBB4

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-3

23305YAC3

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-4

23305YAD1

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-M

23305YAJ8

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

B

23305YAK5

772.04811274

52.57440991

3.60633656

0.00000000

0.00000000

719.47370282

C

23305YAL3

1,000.00000000

0.00000000

4.67112936

0.00000000

0.00000000

1,000.00000000

D

23305YAM1

1,000.00000000

0.00000000

4.67112941

0.00000000

0.00000000

1,000.00000000

E

23305YAN9

1,000.00000000

0.00000000

2.90567892

0.00000000

0.00000000

1,000.00000000

F

23305YAP4

1,000.00000000

0.00000000

0.00000000

0.00000000

0.00000000

1,000.00000000

G

23305YAQ2

999.99999625

0.00000000

0.00000000

0.00000000

0.00000000

999.99999625

PM-1

23305YAU3

753.30244183

2.70994575

2.79475203

0.00000000

0.00000000

750.59249607

PM-2

23305YAW9

1,000.00000000

0.00000000

4.38960000

0.00000000

0.00000000

1,000.00000000

PM-3

23305YAX7

1,000.00000000

0.00000000

4.38960000

0.00000000

0.00000000

1,000.00000000

PM-4

23305YAY5

1,000.00000000

0.00000000

4.38960000

0.00000000

0.00000000

1,000.00000000

PM-5

23305YAZ2

1,000.00000000

0.00000000

4.38960016

0.00000000

0.00000000

1,000.00000000

V

23305YAR0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

R

23305YAS8

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

LR

23305YAT6

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

 

 

Beginning

 

 

Ending

 

 

Class

CUSIP

Notional

Interest

Prepayment

Notional

 

 

 

 

Amount

Distribution

Penalties

Amount

 

 

 

X-A

23305YAG4

0.00000000

0.00000000

0.00000000

0.00000000

 

 

X-B

23305YAH2

941.30596914

0.47217479

0.00000000

927.76888430

 

 

PM-X

23305YAV1

753.30244166

0.43135663

0.00000000

750.59249591

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

Page 3 of 27

 


 

                       

 

 

 

 

 

Reconciliation Detail

 

 

 

 

Principal Reconciliation

 

 

 

 

 

 

 

 

 

 

 

Loan Group

   Stated Beginning Principal

Unpaid Beginning

         Scheduled Principal

  Unscheduled

       Principal

     Realized Loss

Stated Ending

Unpaid Ending

Current Principal

 

     Balance

 

Principal Balance

 

 

Principal

      Adjustments

 

Principal Balance

Principal Balance

Distribution Amount

 

1

274,794,025.53

491,461,372.85

543,620.25

3,408,240.42

0.00

0.00

270,842,164.86

487,889,881.60

3,951,860.67

NP

256,026,607.15

769,768,341.90

379,663.40

        0.00

0.00

0.00

255,498,329.33

769,768,341.90

379,663.40

 

Total

530,820,632.68

1,261,229,714.75

923,283.65

3,408,240.42

0.00

0.00

526,340,494.19

1,257,658,223.50

4,331,524.07

 

Certificate Interest Reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

 

    Accrued

     Net Aggregate

   Distributable

    Distributable

 

 

 

Remaining Unpaid

 

Accrual

Accrual

 

 

 

 

  WAC CAP

   Interest

    Interest

 

Class

 

 

    Certificate

      Prepayment

   Certificate

   Certificate Interest

 

 

 

Distributable

 

Dates

Days

 

 

 

 

 

   Shortfall

   Shortfall/ (Excess)

     Distribution

 

 

 

 

    Interest

    Interest Shortfall

     Interest

    Adjustment

 

 

 

Certificate Interest

 

A-1

N/A

N/A

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

A-3

N/A

N/A

0.00

 

0.00

0.00

0.00

0.00

0.00

0.00

0.00

A-4

N/A

N/A

0.00

 

0.00

0.00

0.00

0.00

0.00

0.00

0.00

A-M

N/A

N/A

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

X-B

05/01/2021 - 05/30/2021

30

137,841.27

0.00

137,841.27

0.00

0.00

0.00

137,841.27

0.00

PM-X

05/01/2021 - 05/30/2021

30

84,088.82

0.00

84,088.82

0.00

0.00

0.00

84,088.82

0.00

B

05/01/2021 - 05/30/2021

30

271,077.50

0.00

271,077.50

0.00

0.00

0.00

271,077.50

0.00

C

05/01/2021 - 05/30/2021

30

253,128.50

0.00

253,128.50

0.00

0.00

0.00

253,128.50

0.00

D

05/01/2021 - 05/30/2021

30

342,949.65

0.00

342,949.65

0.00

0.00

0.00

342,949.65

0.00

E

05/01/2021 - 05/30/2021

30

60,090.63

0.00

60,090.63

0.00

0.00

4,217.33

55,873.30

34,421.77

F

05/01/2021 - 05/30/2021

30

60,090.63

0.00

60,090.63

0.00

0.00

60,090.63

0.00

300,453.15

G

05/01/2021 - 05/30/2021

30

158,420.27

0.00

158,420.27

0.00

0.00

158,420.27

0.00

1,009,748.69

PM-1

05/01/2021 - 05/30/2021

30

391,544.76

0.00

391,544.76

0.00

0.00

0.00

391,544.76

0.00

PM-2

05/01/2021 - 05/30/2021

30

144,417.84

0.00

144,417.84

0.00

0.00

0.00

144,417.84

0.00

PM-3

05/01/2021 - 05/30/2021

30

126,859.44

0.00

126,859.44

0.00

0.00

0.00

126,859.44

0.00

PM-4

05/01/2021 - 05/30/2021

30

116,324.40

0.00

116,324.40

0.00

0.00

0.00

116,324.40

0.00

PM-5

05/01/2021 - 05/30/2021

30

91,644.11

0.00

91,644.11

0.00

0.00

0.00

91,644.11

0.00

 

Totals

 

 

2,238,477.82

0.00

2,238,477.82

0.00

0.00

222,728.23

2,015,749.59

1,344,623.61

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

Page 4 of 27

 


 

             

 

Other Required Information

 

 

 

 

 

 

Available Distribution Amount (1)

6,347,273.66

Appraisal Reduction Amount

 

 

 

 

 

 

Loan

Loan

Appraisal

Cumulative

Date Appraisal

Master Servicing Fee Summary

 

Number

Group

Reduction

ASER

Reduction

 

 

 

 

Amount

Amount

Effected

Current Period Accrued Master Servicing Fees

42,152.19

841100005

1

45,508,480.04

1,044,224.31

2/8/21

Less Delinquent Master Servicing Fees

32,206.87

 

 

 

 

 

Less Reductions to Master Servicing Fees

0.00

Total

 

45,508,480.04

1,044,224.31

 

Plus Master Servicing Fees for Delinquent Payments Received

0.00

 

 

 

 

 

Plus Adjustments for Prior Master Servicing Calculation

0.00

 

 

 

 

 

Total Master Servicing Fees Collected

9,945.32

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

Page 5 of 27

 


 

       

 

Cash Reconciliation Detail

 

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest:

 

Fees:

 

Scheduled Interest

2,279,576.98

Master Servicing Fee

42,152.19

Interest reductions due to Nonrecoverability Determinations

0.00

Trustee Fee - U.S. Bank, N.A.

88.52

Interest Adjustments

3,118.46

Certificate Administration Fee - Wells Fargo Bank, N.A.

1,260.35

Deferred Interest

0.00

Insurer Fee

0.00

ARD Interest

0.00

Operating Advisor Fee - TriMont Real Estate Advisors, Inc.

716.59

Net Prepayment Interest Shortfall

0.00

Total Fees

44,217.64

Net Prepayment Interest Excess

0.00

 

 

Extension Interest

0.00

Additional Trust Fund Expenses:

 

Interest Reserve Withdrawal

0.00

Reimbursement for Interest on Advances

0.00

Total Interest Collected

2,282,695.44

ASER Amount

214,377.18

Principal:

 

Special Servicing Fee

8,351.04

Scheduled Principal

923,283.65

Rating Agency Expenses

0.00

Unscheduled Principal

3,408,240.42

Attorney Fees & Expenses

0.00

Principal Prepayments

3,408,240.42

Bankruptcy Expense

0.00

Collection of Principal after Maturity Date

0.00

Taxes Imposed on Trust Fund

0.00

Recoveries from Liquidation and Insurance Proceeds

0.00

Non-Recoverable Advances

0.00

Excess of Prior Principal Amounts paid

0.00

Workout Delayed Reimbursement Amounts

0.00

Curtailments

0.00

Other Expenses

0.00

Negative Amortization

0.00

Total Additional Trust Fund Expenses

222,728.22

Principal Adjustments

0.00

Interest Reserve Deposit

0.00

Total Principal Collected

4,331,524.07

Payments to Certificateholders & Others:

 

Other:

 

Interest Distribution

2,015,749.59

Prepayment Penalties/Yield Maintenance

0.00

Principal Distribution

4,331,524.07

Repayment Fees

0.00

Prepayment Penalties/Yield Maintenance

0.00

Borrower Option Extension Fees

0.00

Borrower Option Extension Fees

0.00

Excess Liquidation Proceeds

0.00

Equity Payments Paid

0.00

Net Swap Counterparty Payments Received

0.00

Net Swap Counterparty Payments Paid

0.00

Total Other Collected:

0.00

Total Payments to Certificateholders & Others

6,347,273.66

Total Funds Collected

6,614,219.51

Total Funds Distributed

6,614,219.52

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

Page 6 of 27

 


 

                 

 

 

 

 

 

Ratings Detail

 

 

 

 

 

 

 

 

 

 

Original Ratings

Current Ratings (1)

 

 

 

Class

CUSIP

 

 

 

 

 

 

 

 

 

Fitch

Moody's

Fitch

Moody's

 

 

 

 

A-1

23305YAA7

AAA

Aaa

PIF

N/A

 

 

 

A-2

23305YBB4

AAA

Aaa

PIF

N/A

 

 

 

A-3

23305YAC3

AAA

Aaa

PIF

N/A

 

 

 

A-4

23305YAD1

AAA

Aaa

PIF

WR

 

 

 

A-M

23305YAJ8

AAA

Aaa

PIF

Aaa

 

 

 

X-A

23305YAG4

AAA

Aaa

PIF

Aaa

 

 

 

X-B

23305YAH2

NR

Aaa

NR

Caa1

 

 

 

PM-X

23305YAV1

AAA

NR

AAA

NR

 

 

 

B

23305YAK5

AA

Aa2

AAA

Aaa

 

 

 

C

23305YAL3

A

A2

A

Aa1

 

 

 

D

23305YAM1

BBB-

Baa3

B

B1

 

 

 

E

23305YAN9

BB

Ba2

CCC

Caa3

 

 

 

F

23305YAP4

B

B2

C

C

 

 

 

G

23305YAQ2

NR

NR

NR

NR

 

 

 

PM-1

23305YAU3

AAA

NR

AAA

NR

 

 

 

PM-2

23305YAW9

AA

NR

AA

NR

 

 

 

PM-3

23305YAX7

A

NR

A

NR

 

 

 

PM-4

23305YAY5

BBB

NR

BBB

NR

 

 

 

PM-5

23305YAZ2

BBB-

NR

BBB-

NR

 

 

 

NR

- Designates that the class was not rated by the above agency at the time of original issuance.

N/A -

Data not available this period.

 

 

X

- Designates that the above rating agency did not rate any classes in this transaction at the time of original issuance.

 

1) For any class not rated at the time of original issuance by any particular rating agency, no request has been made subsequent to issuance to obtain rating

 

 

information, if any, from such rating agency. The current ratings were obtained directly from the applicable rating agency within 30 days of the payment date listed

 

above. The ratings may have changed since they were obtained. Because the ratings may have changed, you may want to obtain current ratings directly from the rating agencies.

 

 

 

Fitch Ratings, Inc.

 

 

 

 

Moody's Investors Service, Inc

 

33 Whitehall Street

 

 

 

 

7 World Trade Center

 

New York, NY 10004

 

 

 

 

at 250 Greenwich Street

 

 

 

 

 

 

 

New York, NY 10007

 

(212) 908-0500

 

 

 

 

(212) 553-1653

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

Page 7 of 27

 


 

                           

 

 

                         Current Mortgage Loan and Property Stratification Tables

 

 

 

 

 

 

 

 

Scheduled Balance

 

 

 

Pooled Loans

 

 

State (3)

 

 

 

 

 

 

Scheduled

# of

Scheduled

% of

WAM

 

Weighted

 

# of

Scheduled

% of

WAM

WAC

Weighted

 

 

 

Agg.

 

WAC

 

State

 

 

Agg.

 

 

 

Balance

Loans

Balance

 

(2)

 

Avg DSCR (1)

 

Props

Balance

 

(2)

 

Avg DSCR (1)

 

 

 

Bal.

 

 

 

 

 

 

Bal.

 

 

 

 

Defeased

2

46,492,768.69

8.83

1

5.8444

NAP

Defeased

2

46,492,768.69

8.83

1

5.8444

NAP

 

 

 

 

 

 

 

California

1

7,394,339.15

1.40

1

5.8000

1.590000

9,999,999 or less

1

7,394,339.15

1.40

1

5.8000

1.590000

Delaware

1

79,038,715.23

15.02

2

5.5705

1.200000

10,000,000 to 19,999,999

2

26,839,751.41

5.10

0

5.5959

0.865206

Georgia

1

24,521,957.77

4.66

1

6.1760

0.660000

20,000,000 to 39,999,999

3

69,913,822.76

13.28

1

5.5993

1.157817

Illinois

1

4,440,000.00

0.84

1

5.4000

1.840000

40,000,000 to 79,999,999

2

120,201,482.85

22.84

1

5.3254

1.306159

Kentucky

2

5,280,000.00

1.00

1

5.4000

1.840000

 

 

 

 

 

 

 

Missouri

1

4,748,000.00

0.90

1

5.4000

1.840000

80,000,000 to 99,999,999

0

0.00

0.00

0

0.0000

0.000000

New Mexico

1

24,048,864.99

4.57

1

5.1880

1.060000

100,000,000 to 129,999,999

0

0.00

0.00

0

0.0000

0.000000

New York

1

14,196,203.22

2.70

(1)

5.5460

0.950000

130,000,000 to 154,999,999

0

0.00

0.00

0

0.0000

0.000000

Pennsylvania

1

12,643,548.19

2.40

2

5.6520

0.770000

155,000,000 or greater

0

0.00

0.00

0

0.0000

0.000000

Rhode Island

1

41,162,767.62

7.82

(1)

4.8549

1.510000

 

 

 

 

 

 

 

West Virginia

2

6,875,000.00

1.31

1

5.4000

1.840000

 

Totals

10

270,842,164.86

51.46

1

5.5250

1.238882

Totals

15

270,842,164.86

51.46

1

5.5250

1.238882

 

 

 

 

See footnotes on last page of this section.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

Page 8 of 27

 


 

                           

 

 

                      Current Mortgage Loan and Property Stratification Tables

 

 

 

 

 

 

 

 

 

 

Pooled Loans

 

 

 

 

 

 

 

Debt Service Coverage Ratio (1)

 

 

 

 

 

Property Type (3)

 

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

Debt Service

# of

Scheduled

 

WAM

WAC

Weighted

Property

# of

Scheduled

Agg.

WAM

WAC

Weighted

 

 

 

Agg.

 

 

 

 

 

 

 

 

 

 

Coverage Ratio

Loans

Balance

Bal.

(2)

 

Avg DSCR (1)

Type

Props

Balance

Bal.

(2)

 

Avg DSCR (1)

 

Defeased

2

46,492,768.69

8.83

1

5.8444

NAP

Defeased

2

46,492,768.69

8.83

1

5.8444

NAP

1.29 or less

5

154,449,289.40

29.34

1

5.6115

1.034286

Health Care

1

7,394,339.15

1.40

1

5.8000

1.590000

1.30 to 1.34

0

0.00

0.00

0

0.0000

0.000000

Retail

12

216,955,057.02

41.22

1

5.4471

1.203805

1.35 to 1.39

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

1.40 to 1.49

0

0.00

0.00

0

0.0000

0.000000

Totals

15

270,842,164.86

51.46

1

5.5250

1.238882

1.50 to 1.59

2

48,557,106.77

9.23

(1)

4.9988

1.522183

 

 

 

 

 

 

 

1.60 to 1.69

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

1.70 to 1.79

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

1.80 to 1.99

1

21,343,000.00

4.05

1

5.4000

1.840000

 

 

 

 

 

 

 

2.00 or greater

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

10

270,842,164.86

51.46

1

5.5250

1.238882

 

 

 

 

 

 

 

 

 

 

 

 

 

Note Rate

 

 

 

 

 

 

Seasoning

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

% of

 

 

 

Note

# of

Scheduled

% of

WAM

 

Weighted

 

# of

Scheduled

 

WAM

 

Weighted

 

 

 

Agg.

 

WAC

 

Seasoning

 

 

Agg.

 

WAC

 

Rate

Loans

Balance

 

(2)

 

Avg DSCR (1)

 

Loans

Balance

 

(2)

 

Avg DSCR (1)

 

 

 

Bal.

 

 

 

 

 

 

Bal.

 

 

 

 

Defeased

2

46,492,768.69

8.83

1

5.8444

NAP

Defeased

2

46,492,768.69

8.83

1

5.8444

NAP

5.749% or less

6

192,433,099.25

36.56

1

5.3543

1.273103

12 months or less

0

0.00

0.00

0

0.0000

0.000000

5.75% to 6.249%

2

31,916,296.92

6.06

1

6.0889

0.875462

13 to 24 months

0

0.00

0.00

0

0.0000

0.000000

6.25% or greater

0

0.00

0.00

0

0.0000

0.000000

25 to 36 months

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

37 to 48 months

0

0.00

0.00

0

0.0000

0.000000

Totals

10

270,842,164.86

51.46

1

5.5250

1.238882

49 months or greater

8

224,349,396.17

42.62

1

5.4588

1.216534

 

See footnotes on last page of this section.

 

 

 

 

 

Totals

10

270,842,164.86

51.46

1

5.5250

1.238882

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

Page 9 of 27

 


 

                                   

 

 

                                      Current Mortgage Loan and Property Stratification Tables

 

 

 

 

 

 

 

 

 

 

 

Pooled Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anticipated Remaining Term (ARD and Balloon Loans)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

 

 

 

 

Anticipated Remaining

# of

        Scheduled

 

WAM

WAC

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agg.

 

 

 

 

 

 

 

 

 

 

 

Term (2)

 

Loans

 

    Balance

 

(2)

 

Avg DSCR (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bal.

 

 

 

 

 

 

 

 

 

 

 

 

Defeased

 

2

 

46,492,768.69

8.83

1

5.8444

NAP

 

 

 

 

 

 

 

 

64 months or less

8

     224,349,396.17

42.62

1

5.4588

1.216534

 

 

 

 

 

 

 

65 months to 101 months

0

 

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

102 months or greater

0

 

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

 

 

Totals

 

10

     270,842,164.86

51.46

1

5.5250

1.238882

 

 

 

 

 

 

Remaining Amortization Term (ARD and Balloon Loans)

 

 

 

 

 

 

Age of Most Recent NOI

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining Amortization

# of

Scheduled

 

WAM

 

Weighted

 

Age of Most

# of

Scheduled

% of

WAM

WAC

Weighted

 

 

 

Agg.

 

WAC

 

 

 

 

 

 

 

 

Agg.

 

 

 

Term

Loans

Balance

 

(2)

 

Avg DSCR (1)

 

Recent NOI

Loans

Balance

 

(2)

 

Avg DSCR (1)

 

 

 

Bal.

 

 

 

 

 

 

 

 

 

 

Bal.

 

 

 

 

Defeased

2

46,492,768.69

8.83

1

5.8444

       NAP

 

Defeased

 

2

46,492,768.69

8.83

1

5.8444

NAP

Interest Only

1

21,343,000.00

4.05

1

5.4000

1.840000

Underwriter's Information

0

0.00

0.00

0

0.0000

0.000000

84 months or less

0

0.00

0.00

0

0.0000

0.000000

 

Unknown

 

3

255,498,329.33

48.54

(1)

4.4203

Unknown

85 months or greater

7

203,006,396.17

38.57

1

5.4650

1.150986

 

1 year or less

7

145,310,680.94

27.61

0

5.3980

1.225527

 

 

 

 

 

 

 

 

 

1 to 2 years

1

79,038,715.23

15.02

2

5.5705

1.200000

Totals

10

270,842,164.86

51.46

1

5.5250

1.238882

 

2 years or greater

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

 

 

 

 

Totals

 

13

526,340,494.19

100.00

0

4.9888

0.637499

 

(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.

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 10 of 27

 


 

                                                       

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Loan Detail

 

 

 

 

 

 

 

 

 

 

Loan

 

 

Property

 

 

 

 

Interest

Principal

Gross

Anticipated

Maturity

Neg.

Beginning

 

Ending

Paid

Appraisal

Appraisal

Res.

Mod.

Number

ODCR

Type (1)

City

 

 

State

Payment

Payment

Coupon

Repayment

Date

 

Amort

Scheduled

 

Scheduled

Thru

Reduction

Reduction

Strat.

Code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

 

 

(Y/N)

Balance

 

Balance

Date

Date

 

Amount

(2)

(3)

 

841100005

5

RT

Kent

 

DE

379,892.32

157,994.62

5.571%

N/A

 

8/6/21

N

79,196,709.85

 

79,038,715.23

9/6/20

2/8/21                45,508,480.04

9

 

840100007

7

RT

Providence

RI

172,706.71

148,614.42

4.855%

N/A

 

5/6/21

N

41,311,382.04

 

41,162,767.62

4/6/21

 

 

 

13

 

28000112

9

OF

New York

NY

212,985.39

53,062.82

5.870%

N/A

 

7/6/21

N

42,135,923.51

 

42,082,860.69

6/6/21

 

 

 

 

 

840100011

11

RT

Bernalillo

NM

107,666.42

51,360.83

5.188%

N/A

 

7/6/21

N

24,100,225.82

 

24,048,864.99

6/6/21

 

 

 

 

 

841100012

12

RT

Dougherty

GA

130,650.84

44,681.04

6.176%

N/A

 

7/6/21

N

24,566,638.81

 

24,521,957.77

4/6/21

 

 

 

1

 

28000115

20

RT

Various

Various

99,244.95

 

0.00

5.400%

7/6/21

 

7/6/36

N

21,343,000.00

 

21,343,000.00

6/6/21

 

 

 

 

 

28000061

25

RT

Onondaga

NY

67,936.00

29,079.34

5.546%

N/A

 

5/6/21

N

14,225,282.56

 

14,196,203.22

4/6/21

 

 

 

11

 

841100027

27

RT

Bucks

 

PA

61,657.56

24,946.77

5.652%

N/A

 

8/6/21

N

12,668,494.96

 

12,643,548.19

6/6/21

 

 

 

 

10

841100034

34

HC

Alameda

CA

37,002.23

14,338.66

5.800%

N/A

 

7/6/21

N

7,408,677.81

 

7,394,339.15

6/6/21

 

 

 

 

 

28000109

40

98

Orange

CA

21,308.14

8,831.01

5.600%

N/A

 

7/6/21

N

4,418,739.01

 

4,409,908.00

6/6/21

 

 

 

 

 

28000117

42

MH

Various

NY

17,370.17

3,418,951.16

5.900%

N/A

 

7/6/21

N

3,418,951.16

 

0.00

6/6/21

 

 

 

 

 

840100008

7A

 

 

 

 

 

472,801.44

379,663.40

5.202%

N/A

 

5/6/21

N

105,537,672.10

105,158,008.70

4/6/21

 

 

 

0

 

840100009

7B

 

 

 

 

 

12,365.41

 

0.00

0.348%

N/A

 

5/6/21

N

41,311,382.05

 

41,162,767.63

4/6/21

 

 

 

0

 

840100010

7C

 

 

 

 

 

489,107.86

 

0.00

5.202%

N/A

 

5/6/21

N

109,177,553.00

109,177,553.00

4/6/21

 

 

 

0

 

 

 

 

 

Totals

 

 

 

 

 

 

 

2,282,695.44

 4,331,524.07

 

 

 

 

 

 

530,820,632.68

526,340,494.19

 

 

     45,508,480.04

 

 

 

 

 

 

 

(1) Property Type Code

 

 

 

 

 

(2) Resolution Strategy Code

 

 

 

 

 

(3) Modification Code

 

 

 

MF

-

Multi-Family

 

SS

-

Self Storage

 

1

- Modification

7

- REO

 

11

-

Full Payoff

 

1 -

Maturity Date Extension

6

- Capitalization on Interest

RT

-

Retail

 

98

-

Other

 

2

- Foreclosure

8

- Resolved

12

-

Reps and Warranties

2 -

Amortization Change

7

- Capitalization on Taxes

HC

-

Health Care

 

SE

-

Securities

 

3

- Bankruptcy

9

- Pending Return

13

-

TBD

 

3 -

Principal Write-Off

8

- Other

 

 

IN

-

Industrial

 

CH

-

Cooperative Housing

4

- Extension

 

to Master Servicer

98

-

Other

 

4 -

Blank

 

9

- Combination

 

 

MH

-

Mobile Home Park

WH

-

Warehouse

 

5

- Note Sale

10 - Deed in Lieu Of

 

 

 

 

 

5 - Temporary Rate Reduction

10 - Forbearance

 

 

OF

-

Office

 

ZZ

-

Missing Information

6

- DPO

 

 

Foreclosure

 

 

 

 

 

 

 

 

 

 

 

 

 

MU

-

Mixed Use

 

SF

-

Single Family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LO

-

Lodging

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 11 of 27

 

 


 

                     

 

 

 

 

NOI Detail

 

 

 

 

 

 

Loan

 

 

 

 

Ending

Most

Most

Most Recent

Most Recent

 

Number

ODCR

 Property

  City

State

Scheduled

Recent

Recent

NOI Start

NOI End

 

 

 

  Type

 

 

Balance

Fiscal NOI

NOI

Date

Date

 

 

841100005

5

Retail

Kent

DE

79,038,715.23

8,277,475.00

0.00

 

 

 

840100007

7

Retail

Providence

RI

41,162,767.62

31,639,000.00

0.00

 

 

 

28000112

9

Office

New York

NY

42,082,860.69

0.00

0.00

 

 

 

840100011

11

Retail

Bernalillo

NM

24,048,864.99

2,853,053.00

561,491.10

1/1/21

3/31/21

 

841100012

12

Retail

Dougherty

GA

24,521,957.77

2,468,603.00

1,646,183.75

1/1/20

9/30/20

 

28000115

20

Retail

Various

Various

21,343,000.00

2,093,166.88

555,308.19

1/1/21

3/31/21

 

28000061

25

Retail

Onondaga

NY

14,196,203.22

1,217,890.00

954,260.00

1/1/20

9/30/20

 

841100027

27

Retail

Bucks

PA

12,643,548.19

873,066.06

0.00

 

 

 

841100034

34

Health Care

Alameda

CA

7,394,339.15

1,013,397.92

0.00

 

 

 

28000109

40

Other

Orange

CA

4,409,908.00

0.00

0.00

 

 

 

28000117

42

Mobile Home Park

Various

NY

0.00

0.00

0.00

 

 

 

840100008

7A

Default

 

 

105,158,008.70

0.00

0.00

 

 

 

840100009

7B

Default

 

 

41,162,767.63

0.00

0.00

 

 

 

840100010

7C

Default

 

 

109,177,553.00

0.00

0.00

 

 

 

 

 

 

 

Total

 

 

 

 

526,340,494.19

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

Page 12 of 27

 


 

               

 

 

Principal Prepayment Detail

 

 

 

 

 

Offering Document

              Principal Prepayment Amount

          Prepayment Penalties

 

Loan Number

Loan Group

Cross-Reference

     Payoff Amount

Curtailment Amount

Prepayment Premiums

Yield Maintenance Charges

 

28000117

1

42

     3,408,240.42

0.00

0.00

0.00

 

 

 

 

 

Totals

 

 

3,408,240.42

0.00

0.00

0.00

 

Subtotal for Loan Group

1

 

3,408,240.42

0.00

0.00

0.00

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

Page 13 of 27

 


 

                                       

 

 

 

 

 

 

 

 

Historical Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

Delinquencies

 

 

 

 

 

 

 

 

 

Prepayments

Rate and Maturities

Distribution

 

30-59 Days

 

60-89 Days

    90 Days or More

 

Foreclosure

 

REO

 

Modifications

 

Curtailments

 

Payoff

Next Weighted Avg.

WAM

Date

#

Balance

#

Balance

#

Balance

#

Balance

#

Balance

#

Balance

#

Amount

#

Amount

Coupon

Remit

 

6/11/21

1

 

0

 

1

 

0

 

0

 

0

 

0

 

1

 

4.988754%

0

 

 

$24,521,957.77

 

$0.00

 

$79,038,715.23

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$3,408,240.42

4.695218%

 

5/12/21

0

 

0

 

1

 

0

 

0

 

0

 

0

 

1

 

4.993913%

1

 

 

$0.00

 

$0.00

 

$79,196,709.85

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$4,722,544.32

4.701571%

 

4/12/21

2

 

0

 

1

 

0

 

0

 

0

 

0

 

0

 

4.999100%

2

 

 

$38,871,693.56

 

$0.00

 

$79,366,172.40

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.847229%

 

3/12/21

0

 

0

 

1

 

0

 

0

 

0

 

0

 

1

 

5.046948%

3

 

 

$0.00

 

$0.00

 

$79,522,603.77

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$13,185,566.22

4.904091%

 

2/12/21

0

 

0

 

1

 

0

 

0

 

0

 

0

 

0

 

5.065154%

4

 

 

$0.00

 

$0.00

 

$79,715,116.11

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.933290%

 

1/12/21

0

 

0

 

1

 

0

 

0

 

0

 

0

 

0

 

5.079942%

4

 

 

$0.00

 

$0.00

 

$79,869,881.65

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.948951%

 

12/11/20

0

 

2

 

0

 

0

 

0

 

0

 

0

 

1

 

5.079475%

5

 

 

$0.00

 

$94,401,196.58

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$5,515,226.01

4.948491%

 

11/13/20

1

 

1

 

0

 

0

 

0

 

0

 

0

 

0

 

5.081187%

6

 

 

$14,407,715.91

 

$80,189,548.72

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.948546%

 

10/13/20

0

 

1

 

0

 

0

 

0

 

0

 

0

 

0

 

5.080731%

7

 

 

$0.00

 

$80,342,049.36

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.952949%

 

9/14/20

0

 

1

 

0

 

0

 

0

 

0

 

0

 

0

 

5.080244%

9

 

 

$0.00

 

$80,506,219.72

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.952472%

 

8/12/20

1

 

0

 

1

 

0

 

0

 

0

 

0

 

0

 

5.079796%

10

 

 

$24,982,970.53

 

$0.00

 

$80,657,208.59

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.952032%

 

7/10/20

0

 

0

 

1

 

0

 

0

 

1

 

0

 

0

 

5.079351%

11

 

 

$0.00

 

$0.00

 

$80,807,476.65

 

$0.00

 

$0.00

 

$12,923,045.68

 

$0.00

 

$0.00

4.951596%

 

Note: Foreclosure and REO Totals are included in the delinquencies aging categories.

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 14 of 27

 


 

                                             

 

 

 

 

 

 

 

 

Delinquency Loan Detail

 

 

 

 

 

 

 

 

 

 

 

 

Offering

 # of

 

Current

Outstanding

 

Status of       Resolution

 

 

 

Actual

 

Outstanding

 

 

 

Loan Number

Document

 Months

 Paid Through

P & I

P & I

 

 

Mortgage

Strategy

Servicing

  Foreclosure

Principal

 

Servicing

 

Bankruptcy

REO

 

 

Cross-Reference

 Delinq.

Date

Advances

Advances **

 

Loan (1)

Code (2)               Transfer Date

 

Date

Balance

 

Advances

 

Date

Date

 

841100005

 

5

 

8

9/6/20

316,355.88

3,792,581.02

6

9

6/4/20

 

 

80,506,219.72

1,248.96

 

 

840100007

 

7

 

1

4/6/21

312,658.85

3,293,326.77

5

13

4/27/21

 

 

256,589,447.30

0.00

 

 

 

841100012

 

12

 

1

4/6/21

173,112.76

346,497.03

1

1

2/16/21

 

 

24,615,284.03

0.00

 

 

 

28000061

 

25

 

1

4/6/21

95,730.36

191,617.70

5

11

10/27/20

 

 

14,256,409.53

5,500.00

 

 

840100008

 

7A

 

1

4/6/21

844,743.70

3,293,326.77

5

0

4/27/21

 

 

256,589,447.30

0.00

 

 

 

840100009

 

7B

 

1

4/6/21

12,365.41

3,293,326.77

5

0

4/27/21

 

 

256,589,447.30

0.00

 

 

 

840100010

 

7C

 

1

4/6/21

479,245.79

3,293,326.77

5

0

4/27/21

 

 

256,589,447.30

0.00

 

 

 

 

 

 

 

 

Totals

 

7

 

 

 

2,234,212.76

17,504,002.83

 

 

 

 

1,145,735,702.48

6,748.96

 

 

 

Totals By Delinquency Code:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total for Status Code

= 1

(1 loan)

 

173,112.76

346,497.03

 

 

 

 

 

24,615,284.03

0.00

 

 

 

Total for Status Code

= 5

(5 loans)

 

1,744,744.12

13,364,924.78

 

 

 

 

1,040,614,198.73

5,500.00

 

 

Total for Status Code

= 6

(1 loan)

 

316,355.88

3,792,581.02

 

 

 

 

 

80,506,219.72

1,248.96

 

 

 

 

 

 

 

 

 

 

 

 

(1) Status of Mortgage Loan

 

 

 

 

 

 

 

 

 

(2) Resolution Strategy Code

 

 

A

- Payment Not Received

0

- Current

 

4

-

Performing Matured Balloon

1 -

Modification

7

-

REO

 

11

- Full Payoff

 

 

But Still in Grace Period

1

- 30-59 Days Delinquent

5

-

Non Performing Matured Balloon

2 -

Foreclosure

8

-

Resolved

 

12

- Reps and Warranties

 

Or Not Yet Due

 

2

- 60-89 Days Delinquent

6

-

121+ Days Delinquent

 

3 -

Bankruptcy

9

-

Pending Return

13

- TBD

 

B

- Late Payment But Less

3

- 90-120 Days Delinquent

 

 

 

 

 

 

4 -

Extension

 

 

to Master Servicer

98

- Other

 

 

Than 30 Days Delinquent

 

 

 

 

 

 

 

 

 

5 -

Note Sale

10 -

Deed In Lieu Of

 

 

 

** Outstanding P & I Advances include the current period advance.

 

 

 

 

 

 

6 -

DPO

 

 

Foreclosure

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 15 of 27

 


 

                                         

 

 

 

 

 

 

Specially Serviced Loan Detail - Part 1

 

 

 

 

 

 

 

 

 

 

Offering

 

Servicing

Resolution

 

 

 

 

 

 

 

 Net

 

 

 

 

 

 

 

Remaining

Loan

 

 

 

 

 

Scheduled

Property

 

 

Interest

Actual

 

 

 

DSCR

 

 

Note

Maturity

 

 

Document

 

Transfer

Strategy

 

 

 

 

State

 

 

Operating

 

DSCR

 

 

 

Amortization

Number

 

 

 

 

 

Balance

Type (2)

 

 

Rate

Balance

 

 

 

Date

 

 

Date

Date

 

 

Cross-Reference

 

Date

Code (1)

 

 

 

 

 

 

 

Income

 

 

 

 

 

Term

 

841100005

5

 

6/4/20

9

 

79,038,715.23

RT

 

DE

5.570%

80,506,219.72

7,747,510.00

12/31/19

1.20

 

9/6/11

8/6/21

241

840100007

7

 

4/27/21

13

 

41,162,767.62

RT

 

RI

4.855%

256,589,447.30

29,930,526.00

12/31/20

1.51

 

6/6/11

5/6/21

238

841100012

12

 

2/16/21

1

 

24,521,957.77

RT

 

GA

6.176%

24,615,284.03

1,044,332.75

9/30/20

0.66

 

8/6/11

7/6/21

240

28000061

25

 

10/27/20

11

 

14,196,203.22

RT

 

NY

5.546%

14,256,409.53

828,591.00

9/30/20

0.95

 

6/6/11

5/6/21

238

840100008

7A

 

4/27/21

0

 

105,158,008.70

 

 

 

5.203%

256,589,447.30

 

 

 

 

 

 

6/6/11

5/6/21

238

840100009

7B

 

4/27/21

0

 

41,162,767.63

 

 

 

0.348%

256,589,447.30

 

 

 

 

 

 

6/6/11

5/6/21

1,000

840100010

7C

 

4/27/21

0

 

109,177,553.00

 

 

 

5.203%

256,589,447.30

 

 

 

 

 

 

6/6/11

5/6/21

1,000

 

 

 

 

 

 

 

 

 

(1) Resolution Strategy Code

 

 

 

 

 

 

(2) Property Type Code

 

 

 

 

 

1

-

Modification

7

- REO

 

11

- Full Payoff

 

MF

-

Multi-Family

SS

-

Self Storage

 

 

 

2

-

Foreclosure

8

- Resolved

 

12

- Reps and Warranties

RT

-

Retail

 

98

-

Other

 

 

 

3

-

Bankruptcy

9

- Pending Return

13

- TBD

 

 

HC

-

Health Care

SE

-

Securities

 

 

 

4

-

Extension

 

 

to Master Servicer

98

- Other

 

 

IN

-

Industrial

 

CH -

Cooperative Housing

 

 

5

-

Note Sale

 

10

- Deed in Lieu Of

 

 

 

 

MH

-

Mobile Home Park

WH -

Warehouse

 

 

 

6

-

DPO

 

 

Foreclosure

 

 

 

 

 

OF

-

Office

 

ZZ

-

Missing Information

 

 

 

 

 

 

 

 

 

 

 

 

 

MU

-

Mixed Use

 

SF

-

Single Family

 

 

 

 

 

 

 

 

 

 

 

 

 

LO

-

Lodging

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 16 of 27

 


 

             

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

Offering

Resolution

Site

 

 

 

Loan

 

 

 

   Appraisal

Appraisal

Other REO

 

Document

Strategy

Inspection

Phase 1 Date

 

Comments from Special Servicer

Number

 

 

 

  Date

Value

Property Revenue

 

Cross-Reference

Code (1)

Date

 

 

 

 

841100005

5

9

 

10/24/20

41,000,000.00

The loan has been modified and the maturity date has been extended. Tenant rents

 

 

 

 

 

 

continue to be trapped and Cash Management is being established. Once the loan

 

 

 

 

 

 

modification has been booked the Loan will be transferred back to the master servicer.

 

 

 

 

840100007

7

13

 

3/14/11

558,000,000.00

The loan was transferred on 4/27/21 due to imminent maturity default as a refinance could

 

 

 

 

 

 

not be secured by borrower. Currently SS is in discussions with the borrower and mezz

 

 

 

 

 

 

holders. While discussing, the plan is to continue to collect and apply mo nthly payments on

 

 

 

 

 

 

the senior as if the loan had been extended. A PNL has been executed, counsel engaged,

 

 

 

 

 

 

and 3rd parties ordered.

 

 

 

 

841100012

12

1

 

5/2/11

40,000,000.00

The loan transferred to special servicing effective 02/16/2021 due to imminent monetary

 

 

 

 

 

 

default. The loan is secured by a one-story, 753,552 SF, regional mall in Albany, GA. The

 

 

 

 

 

 

loan matures 7/6/2021. Negotiations with the Borrower are ongoing. Counse l has been

 

 

 

 

 

 

engaged.

 

 

 

 

See footnotes on last page of this section.

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

Page 17 of 27

 


 

             

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

Offering

Resolution

Site

 

 

 

Loan

 

 

 

    Appraisal

Appraisal

Other REO

 

Document

Strategy

Inspection

Phase 1 Date

 

Comments from Special Servicer

Number

 

 

 

    Date

Value

Property Revenue

 

Cross-Reference

Code (1)

Date

 

 

 

 

28000061

25

11

 

1/3/19

18,450,000.00

The loan transferred to SS on 10/27/20 for imminent monetary default and matured in May

 

 

 

 

 

 

2021. The Borrower and Lender are actively discussing potential resolutions. The loan is

 

 

 

 

 

 

secured by 243,311 sf retail center located in Syracuse, NY. The property is a pproximately

 

 

 

 

 

 

72% occupied and anchored by a 68,824 sf Price Choppers grocery store. There is a

 

 

 

 

 

 

pending LOI for approximately 12,000 sf that would boost occupancy to approximately 76%.

 

 

 

 

 

 

The Borrower continues to make monthly payments.

 

 

 

 

840100008

7A

0

 

3/14/11

558,000,000.00

The loan was transferred on 4/27/21 due to imminent maturity default as a refinance could

 

 

 

 

 

 

not be secured by borrower. Currently SS is in discussions with the borrower and mezz

 

 

 

 

 

 

holders. While discussing, the plan is to continue to collect and apply mo nthly payments on

 

 

 

 

 

 

the senior as if the loan had been extended. A PNL has been executed, counsel engaged,

 

 

 

 

 

 

and 3rd parties ordered.

 

 

 

 

840100009

7B

0

 

3/14/11

558,000,000.00

The loan was transferred on 4/27/21 due to imminent maturity default as a refinance could

 

 

 

 

 

 

not be secured by borrower. Currently SS is in discussions with the borrower and mezz

 

 

 

 

 

 

holders. While discussing, the plan is to continue to collect and apply mo nthly payments on

 

 

 

 

 

 

the senior as if the loan had been extended. A PNL has been executed, counsel engaged,

 

 

 

 

 

 

and 3rd parties ordered.

 

 

 

 

See footnotes on last page of this section.

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

Page 18 of 27

 


 

                       

 

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

Offering

Resolution

Site

 

 

 

 

 

 

 

 

Loan

 

 

 

 

Appraisal

Appraisal

Other REO

 

 

 

Document

Strategy

Inspection

Phase 1 Date

 

 

 

 

 

Comments from Special Servicer

Number

 

 

 

 

Date

Value

 

Property Revenue

 

 

 

Cross-Reference

Code (1)

Date

 

 

 

 

 

 

 

 

 

840100010

7C

0

 

 

3/14/11

558,000,000.00

 

The loan was transferred on 4/27/21 due to imminent maturity default as a refinance could

 

 

 

 

 

 

 

 

 

 

not be secured by borrower. Currently SS is in discussions with the borrower and mezz

 

 

 

 

 

 

 

 

 

 

holders. While discussing, the plan is to continue to collect and apply mo nthly payments on

 

 

 

 

 

 

 

 

 

 

the senior as if the loan had been extended. A PNL has been executed, counsel engaged,

 

 

 

 

 

 

 

 

 

 

and 3rd parties ordered.

 

 

 

 

 

 

 

 

 

 

(1) Resolution Strategy Code

 

 

 

 

 

 

 

1

- Modification

7

-

REO

 

11 -

Full Payoff

 

 

 

 

2

- Foreclosure

8

-

Resolved

12 -

Reps and Warranties

 

 

 

 

3

- Bankruptcy

9

-

Pending Return

13 -

TBD

 

 

 

 

4

- Extension

 

 

to Master Servicer

98 -

Other

 

 

 

 

5

- Note Sale

10

-

Deed in Lieu Of

 

 

 

 

 

 

6

- DPO

 

 

Foreclosure

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

Page 19 of 27

 


 

             

 

 

 

Advance Summary

 

 

 

 

 

Current P&I

    Outstanding P&I

         Outstanding Servicing

             Current Period Interest

 

 

Loan Group

 

 

 

           on P&I and Servicing

 

 

 

Advances

     Advances

           Advances

           Advances Paid

 

 

1

897,857.85

7,624,022.52

0.00

0.00

 

 

NP

1,336,354.90

9,879,980.31

0.00

0.00

 

 

Totals

2,234,212.76

17,504,002.83

0.00

0.00

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

Page 20 of 27

 


 

                 

 

 

 

 

Modified Loan Detail

 

 

 

 

Offering

 

 

Pre-Modification

Post-Modification

 

 

 

Loan

 

Pre-Modification

Post-Modification

 

 

Modification

 

 

 

Document

 

 

Interest

Interest

 

Modification Description

 

Number

 

Balance

Balance

 

 

Date

 

 

 

Cross-Reference

 

 

Rate

Rate

 

 

 

841100027

27

12,948,661.81

12,948,661.81

5.6520%

5.6520%

4/6/20

Please refer to Servicer Reports for modification comments

 

 

 

 

 

Totals

 

12,948,661.81

12,948,661.81

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

Page 21 of 27

 


 

                     

 

 

 

 

Historical Liquidated Loan Detail

 

 

 

 

 

Beginning

Fees,

Most Recent

Gross Sales

Net Proceeds

Net Proceeds

Date of Current

Current Period

Cumulative

Loss to Loan

Distribution

 

 

 

 

 

Realized

 

 

 

 

ODCR

Scheduled

Advances,

Appraised

Proceeds or

Received on

Available for

Period Adj.

Adjustment

Adjustment

with Cum

Date

 

 

 

 

 

Loss to Trust

 

 

 

 

 

Balance

and Expenses *

Value or BPO

Other Proceeds

Liquidation

Distribution

to Trust

to Trust

to Trust

Adj. to Trust

 

 

 

 

 

 

 

 

No Liquidated Loans this Period

 

 

 

 

 

 

 

 

Current Total

 

 

 

 

 

 

 

 

 

 

Cumulative Total

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

Page 22 of 27

 


 

                       

 

 

 

Historical Bond/Collateral Loss Reconciliation Detail

 

 

 

Distribution

Offering

Beginning

Aggregate

Prior Realized

Amts Covered by

Interest

Modification

Additional

Realized Loss

Recoveries of

(Recoveries)/

 

Document

Balance

Realized Loss

Loss Applied

Credit Support/

(Shortages)/

/Appraisal

(Recoveries)

Applied to

Realized Losses

Losses Applied to

Date

Cross-Reference

at Liquidation

on Loans

to Certificates

Deal Structure

Excesses

Reduction Adj.

/Expenses

Certificates to Date

Paid as Cash

Certificate Interest

 

 

 

 

 

 

No Realized Losses this Period

 

 

 

 

 

 

 

 

 

Totals

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

Page 23 of 27

 


 

                       

 

 

 

Interest Shortfall Reconciliation Detail - Part 1

 

 

 

 

 

Offering

Stated Principal

Current Ending

Special Servicing Fees

 

 

 

     Non-Recoverable

 

 

Modified Interest

 

 

 

 

 

 

 

 

 

Interest on

 

 

Document

Balance at

Scheduled

 

 

 

      ASER

       (PPIS) Excess

     (Scheduled

 

 

Rate (Reduction)

 

 

 

 

 

 

 

 

 

Advances

 

 

Cross-Reference

Contribution

Balance

    Monthly

      Liquidation

      Work Out

 

 

      Interest)

 

 

/Excess

 

5

94,000,000.00

79,038,715.23

0.00

0.00

0.00

214,377.18

0.00

0.00

0.00

 

0.00

12

28,677,301.10

24,521,957.77

5,288.65

0.00

0.00

0.00

0.00

0.00

0.00

 

0.00

25

16,949,659.68

14,196,203.22

3,062.39

0.00

0.00

0.00

0.00

0.00

0.00

 

0.00

 
 
 
 

Totals

139,626,960.78

117,756,876.22

8,351.04

0.00

0.00

214,377.18

0.00

0.00

0.00

 

0.00

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

Page 24 of 27

 


 

           

 

 

 

Interest Shortfall Reconciliation Detail - Part 2

 

 

Offering

Stated Principal

Current Ending

Reimb of Advances to the Servicer                     Other (Shortfalls)/ Refunds

 

Document

Balance at

Scheduled

 

                 Comments

 

 

 

 

 

Left to Reimburse

 

Cross-Reference

Contribution

Balance

Current Month

Master Servicer                           

 

 

 

 

 

 

 

There are no Interest Shortfalls for the above columns for this Period.

 

 

 

 

 

Totals

 

 

 

 

 

Interest Shortfall Reconciliation Detail Part 2 Total

 

0.00

 

Interest Shortfall Reconciliation Detail Part 1 Total

 

222,728.22

 

Total Interest Shortfall Allocated to Trust

 

222,728.22

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

Page 25 of 27

 


 

             

 

 

Defeased Loan Detail

 

 

 

 

 

Offering Document

Ending Scheduled

 

 

 

 

Loan Number

 

 

Maturity Date

Note Rate

Defeasance Status

 

 

Cross-Reference

Balance

 

 

 

 

28000112

9

42,082,860.69

7/6/21

5.870

Full Defeasance

 

28000109

40

4,409,908.00

7/6/21

5.600

Full Defeasance

 

28000117

42

0.00

7/6/21

5.900

Full Defeasance

 

 

 

 

 

Totals

 

46,492,768.69

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

Page 26 of 27

 


 

     

 

Supplemental Reporting

 

Class PM Certificates Rating Agency

 

 

The Rating Agency on the Class PM Certificates is Kroll Bond Ratings

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

Page 27 of 27