EX-99.1 2 msc11c03_ex991-202110.htm msc11c03_ex991-202110.htm - Generated by SEC Publisher for SEC Filing

 

     

Distribution Date:

10/18/21

Morgan Stanley Capital I Inc.

Determination Date:

10/12/21

 

Next Distribution Date:

11/18/21

 

Record Date:

09/30/21

Commercial Mortgage Pass-Through Certificates

 

 

Series 2011-C3

 

           

Table of Contents

 

 

Contacts

 

 

Section

Pages

Role

Party and Contact Information

 

 

Certificate Distribution Detail

2

Depositor

Morgan Stanley Capital I Inc.

 

 

Certificate Factor Detail

3

 

General Information Number

(212) 761-4000

cmbs_notices@morganstanley.com

Certificate Interest Reconciliation Detail

4

 

1585 Broadway, | New York, NY 10036

 

 

 

 

Master Servicer

Wells Fargo Bank, National Association

 

 

Additional Information

5

 

 

 

 

 

 

 

Investor Relations

 

REAM_InvestorRelations@wellsfargo.com

Bond / Collateral Reconciliation - Cash Flows

6

 

 

 

 

 

 

 

Three Wells Fargo, MAC D1050-084,401 S. Tryon Street, 8th Floor | Charlotte, NC 28202

 

Bond / Collateral Reconciliation - Balances

7

Special Servicer

Midland Loan Services

 

 

Current Mortgage Loan and Property Stratification

8-12

 

askmidlandls.com

(913) 253-9000

 

Mortgage Loan Detail (Part 1)

13

 

A Division of PNC Bank, N.A.,10851 Mastin Street, Building 82 | Overland Park, KS 66210

 

Mortgage Loan Detail (Part 2)

14

Administrative Agent

Trimont Real Estate Advisors, LLC

 

 

Principal Prepayment Detail

15

 

Trust Advisor

 

Trustadvisor@trimontrea.com

Historical Detail

16

 

3500 Lenox Road,Suite G1 | Atlanta, GA 30326

 

 

Delinquency Loan Detail

17

Certificate Administrator

Wells Fargo Bank, N.A.

 

 

 

 

 

Corporate Trust Services (CMBS)

 

cts.cmbs.bond.admin@wellsfargo.com;

Collateral Stratification and Historical Detail

18

 

 

 

trustadministrationgroup@wellsfargo.com

Specially Serviced Loan Detail - Part 1

19

 

9062 Old Annapolis Road, | Columbia, MD 21045

 

 

Specially Serviced Loan Detail - Part 2

20

Trustee

U.S. Bank National Association

 

 

Modified Loan Detail

21

 

General Contact

(312) 332-7457

 

Historical Liquidated Loan Detail

22

 

190 South LaSalle Street, 7th Floor, | Chicago, IL 60603

 

 

Historical Bond / Collateral Loss Reconciliation Detail

23-24

 

 

 

 

Interest Shortfall Detail - Collateral Level

25

 

 

 

 

Supplemental Notes

26

 

 

 

 

 

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.

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

   

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

Page 1 of 26

 


 

 

                         

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

Original

 

 

          Pass-Through Rate

 

Beginning

Principal

Interest

Prepayment

 

Total

 

Credit

Credit

Class

CUSIP

      (2)

Original Balance

Balance

Distribution

Distribution

Penalties

Realized Losses

Distribution

Ending Balance

Support¹

Support¹

Regular Certificates

 

 

 

 

 

 

 

 

 

 

 

A-1

61760RAY8

2.178000%

85,448,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-2

61760RAZ5

3.224000%

448,881,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-3

61760RBA9

4.054000%

219,010,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-4

61760RBB7

4.118000%

291,053,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-J

61760RAE2

5.090587%

162,253,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

19.13%

B

61760RAG7

5.090587%

69,005,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

14.50%

C

61760RAJ1

5.090587%

44,760,000.00

15,351,844.31

396,440.37

65,124.92

0.00

0.00

461,565.29

14,955,403.94

91.69%

11.50%

D

61760RAL6

5.090587%

31,704,000.00

31,704,000.00

0.00

134,493.31

0.00

0.00

134,493.31

31,704,000.00

74.08%

9.38%

E

61760RAN2

5.090587%

54,085,000.00

54,085,000.00

0.00

229,437.00

0.00

0.00

229,437.00

54,085,000.00

44.03%

5.75%

F

61760RAQ5

5.090587%

11,190,000.00

11,190,000.00

0.00

47,469.72

0.00

0.00

47,469.72

11,190,000.00

37.81%

5.00%

G

61760RAS1

5.090587%

26,110,000.00

26,110,000.00

0.00

110,762.69

0.00

0.00

110,762.69

26,110,000.00

23.30%

3.25%

H

61760RAU6

5.090587%

48,489,764.00

41,946,034.06

0.00

46,884.98

0.00

0.00

46,884.98

41,946,034.06

0.00%

0.00%

R

61760RAX0

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

1,491,988,764.00

180,386,878.37

396,440.37

634,172.62

0.00

0.00

1,030,612.99

179,990,438.00

 

 

 

Notional Certificates

 

 

 

 

 

 

 

 

 

 

 

X-A

61760RAA0

5.090587%

1,206,645,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

 

X-B

61760RAC6

0.000000%

285,343,764.00

180,386,878.37

0.00

0.00

0.00

0.00

0.00

179,990,438.00

 

 

Notional SubTotal

 

1,491,988,764.00

180,386,878.37

0.00

0.00

0.00

0.00

0.00

179,990,438.00

 

 

 

Deal Distribution Total

 

 

 

396,440.37

634,172.62

0.00

0.00

1,030,612.99

 

 

 

 

*

Denotes the Controlling Class (if required)

 

 

 

 

 

 

 

 

 

 

(1)

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

 

the result by (A).

 

 

 

 

 

 

 

 

 

 

 

(2)

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

 

 

Page 2 of 26

 


 

 

                     

 

 

 

 

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

61760RAY8

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-2

61760RAZ5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-3

61760RBA9

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-4

61760RBB7

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-J

61760RAE2

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

B

61760RAG7

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

C

61760RAJ1

342.98132954

8.85702346

1.45498034

0.00000000

0.00000000

0.00000000

0.00000000

10.31200380

334.12430608

D

61760RAL6

1,000.00000000

0.00000000

4.24215588

0.00000000

0.00000000

0.00000000

0.00000000

4.24215588

1,000.00000000

E

61760RAN2

1,000.00000000

0.00000000

4.24215587

0.00000000

0.00000000

0.00000000

0.00000000

4.24215587

1,000.00000000

F

61760RAQ5

1,000.00000000

0.00000000

4.24215550

0.00000000

0.00000000

0.00000000

0.00000000

4.24215550

1,000.00000000

G

61760RAS1

1,000.00000000

0.00000000

4.24215588

0.00000000

0.00000000

0.00000000

0.00000000

4.24215588

1,000.00000000

H

61760RAU6

865.04925163

0.00000000

0.96690469

2.70276898

29.83292226

0.00000000

0.00000000

0.96690469

865.04925163

R

61760RAX0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

61760RAA0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

X-B

61760RAC6

632.17389384

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

630.78455081

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

Page 3 of 26

 


 

 

                         

 

 

 

 

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-3

N/A

N/A

0.00

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

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

 

A-J

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

B

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

C

09/01/21 - 09/30/21

30

0.00

65,124.92

0.00

65,124.92

0.00

0.00

0.00

65,124.92

0.00

 

D

09/01/21 - 09/30/21

30

0.00

134,493.31

0.00

134,493.31

0.00

0.00

0.00

134,493.31

0.00

 

E

09/01/21 - 09/30/21

30

0.00

229,437.00

0.00

229,437.00

0.00

0.00

0.00

229,437.00

0.00

 

F

09/01/21 - 09/30/21

30

0.00

47,469.72

0.00

47,469.72

0.00

0.00

0.00

47,469.72

0.00

 

G

09/01/21 - 09/30/21

30

0.00

110,762.69

0.00

110,762.69

0.00

0.00

0.00

110,762.69

0.00

 

H

09/01/21 - 09/30/21

30

1,315,534.73

177,941.61

0.00

177,941.61

131,056.63

0.00

0.00

46,884.98

1,446,591.36

 

Totals

 

 

1,315,534.73

765,229.25

0.00

765,229.25

131,056.63

0.00

0.00

634,172.62

1,446,591.36

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

 

Page 4 of 26

 


 

 

     

Additional Information

 

Total Available Distribution Amount (1)

1,030,612.99

 

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

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

Page 5 of 26

 


 

 

       

Bond / Collateral Reconciliation - Cash Flows

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest

 

Fees

 

Interest Paid or Advanced

779,449.74

Master Servicing Fee

13,529.02

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administration Fee

422.41

Interest Adjustments

0.00

Trustee Fee

28.56

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

0.00

ARD Interest

0.00

Operating Advisor Fee

0.00

Net Prepayment Interest Excess / (Shortfall)

0.00

Trust Advisor Fee

240.52

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

 

 

Total Interest Collected

779,449.74

Total Fees

14,220.50

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

396,440.37

Reimbursement for Interest on Advances

0.00

Unscheduled Principal Collections

 

ASER Amount

95,538.98

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

35,517.65

Collection of Principal after Maturity Date

0.00

Special Servicing Fees (Liquidation)

0.00

Recoveries From Liquidations and Insurance Proceeds

0.00

Special Servicing Fees (Work Out)

0.00

Excess of Prior Principal Amounts Paid

0.00

Legal Fees

0.00

Curtailments

0.00

Rating Agency Expenses

0.00

Negative Amortization

0.00

Taxes Imposed on Trust Fund

0.00

Principal Adjustments

0.00

Non-Recoverable Advances

0.00

 

 

Workout Delayed Reimbursement Amounts

0.00

 

 

Other Expenses

0.00

Total Principal Collected

396,440.37

Total Expenses/Reimbursements

131,056.63

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

634,172.62

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

396,440.37

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

0.00

Net SWAP Counterparty Payments Received

0.00

Borrower Option Extension Fees

0.00

 

 

Net SWAP Counterparty Payments Paid

0.00

Total Other Collected

0.00

Total Payments to Certificateholders and Others

1,030,612.99

Total Funds Collected

1,175,890.11

Total Funds Distributed

1,175,890.12

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

Page 6 of 26

 


 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

      Total

 

        Total

Beginning Scheduled Collateral Balance

180,386,878.37

180,386,878.37

Beginning Certificate Balance

180,386,878.37

(-) Scheduled Principal Collections

396,440.37

396,440.37

(-) Principal Distributions

396,440.37

(-) Unscheduled Principal Collections

0.00

0.00

(-) Realized Losses

0.00

(-) Principal Adjustments (Cash)

0.00

0.00

Realized Loss and Realized Loss Adjustments on Collateral

0.00

(-) Principal Adjustments (Non-Cash)

0.00

0.00

Current Period NRA¹

0.00

(-) Realized Losses from Collateral

0.00

0.00

Current Period WODRA¹

0.00

(-) Other Adjustments²

0.00

0.00

Principal Used to Pay Interest

0.00

 

 

 

 

Non-Cash Principal Adjustments

0.00

Ending Scheduled Collateral Balance

179,990,438.00

179,990,438.00

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

182,352,034.92

182,352,034.92

Ending Certificate Balance

179,990,438.00

Ending Actual Collateral Balance

182,289,523.52

182,289,523.52

 

 

 

 

 

 

 

NRA/WODRA Reconciliation

 

Under / Over Collateralization Reconciliation

 

 

 

Non-Recoverable Advances (NRA) from

Workout Delayed Reimbursement of Advances

 

 

 

 

Principal

(WODRA) from Principal

Beginning UC / (OC)

0.00

Beginning Cumulative Advances

0.00

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

0.00

Ending Cumulative Advances

0.00

0.00

Net WAC Rate

5.09%

 

 

 

 

UC / (OC) Interest

0.00

(1)

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

 

 

 

(2)

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

 

 

 

**

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

 

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

Page 7 of 26

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

                      Scheduled Balance

 

 

 

 

 

                   Debt Service Coverage Ratio¹

 

 

 

 

Scheduled

# Of

Scheduled

% Of

 

 

Weighted Avg

Debt Service Coverage

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Balance

Loans

Balance

Agg. Bal.

 

 

DSCR¹

Ratio

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

10,000,000 or less

3

9,839,613.35

5.47%

57

5.4396

1.462409

1.30 or less

2

83,357,660.59

46.31%

0

5.3718

0.887337

10,000,001 to 20,000,000

0

0.00

0.00%

0

0.0000

0.000000

1.31 to 1.40

0

0.00

0.00%

0

0.0000

0.000000

20,000,001 to 30,000,000

0

0.00

0.00%

0

0.0000

0.000000

1.41 to 1.50

1

91,792,324.74

51.00%

(3)

5.0000

1.495400

30,000,001 to 40,000,000

0

0.00

0.00%

0

0.0000

0.000000

1.51 to 1.60

0

0.00

0.00%

0

0.0000

0.000000

40,000,001 to 50,000,000

0

0.00

0.00%

0

0.0000

0.000000

1.61 to 1.70

0

0.00

0.00%

0

0.0000

0.000000

50,000,001 to 60,000,000

0

0.00

0.00%

0

0.0000

0.000000

1.71 to 1.80

0

0.00

0.00%

0

0.0000

0.000000

60,000,001 to 70,000,000

0

0.00

0.00%

0

0.0000

0.000000

1.81 to 2.00

1

3,124,403.77

1.74%

58

5.6500

1.819100

70,000,001 to 80,000,000

1

78,358,499.91

43.53%

(4)

5.3700

0.886000

2.01 to 2.10

0

0.00

0.00%

0

0.0000

0.000000

80,000,001 to 90,000,000

0

0.00

0.00%

0

0.0000

0.000000

2.11 to 2.20

0

0.00

0.00%

0

0.0000

0.000000

90,000,001 to 150,000,000

1

91,792,324.74

51.00%

(3)

5.0000

1.495400

2.21 to 2.80

1

1,716,048.90

0.95%

57

5.1720

2.427200

 

150,000,001 or greater

0

0.00

0.00%

0

0.0000

0.000000

2.81 to 3.00

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

5

179,990,438.00

100.00%

0

5.1851

1.228295

3.01 or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

5

179,990,438.00

100.00%

0

5.1851

1.228295

(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.

 

 

 

 

(4)

Note: There are no Hyper-Amortization Loans included in the Mortgage Pool.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

 

 

Page 8 of 26

 


 

 

                           

 

 

 

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

3,124,403.77

1.74%

58

5.6500

1.819100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

6

179,990,438.00

100.00%

0

5.1851

1.228295

Kentucky

1

78,358,499.91

43.53%

(4)

5.3700

0.886000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

6

179,990,438.00

100.00%

0

5.1851

1.228295

Maryland

1

4,999,160.68

2.78%

56

5.4000

0.908300

 

 

 

 

 

 

 

Ohio

3

93,508,373.64

51.95%

(2)

5.0032

1.512500

 

 

 

 

 

 

 

Totals

6

179,990,438.00

100.00%

0

5.1851

1.228295

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

 

 

Page 9 of 26

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

             Note Rate

 

 

 

 

 

             Seasoning

 

 

 

 

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

Note Rate

 

 

 

WAM²

WAC

 

Seasoning

 

 

 

WAM²

WAC

 

 

 

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

4.500% or less

0

0.00

0.00%

0

0.0000

0.000000

5 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

4.501% to 5.000%

1

91,792,324.74

51.00%

(3)

5.0000

1.495400

6 to 11 months

0

0.00

0.00%

0

0.0000

0.000000

 

5.001% to 5.500%

3

85,073,709.49

47.27%

1

5.3678

0.918398

12 months or greater

5

179,990,438.00

100.00%

0

5.1851

1.228295

 

5.501% to 6.000%

1

3,124,403.77

1.74%

58

5.6500

1.819100

Totals

5

179,990,438.00

100.00%

0

5.1851

1.228295

 

6.001% or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

5

179,990,438.00

100.00%

0

5.1851

1.228295

 

 

 

 

 

 

 

(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.

 

 

 

 

(4)

Note: There are no Hyper-Amortization Loans included in the Mortgage Pool.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

 

 

Page 10 of 26

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

      Anticipated Remaining Term (ARD and Balloon Loans)

 

 

 

Remaining Amortization Term (ARD and Balloon Loans)

 

 

 

Anticipated

# Of

     Scheduled

% Of

 

 

Weighted Avg

Remaining

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Remaining Term

Loans

     Balance

Agg. Bal.

 

 

DSCR¹

Amortization Term

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

90 months or less

4

178,274,389.10

99.05%

(1)

5.1852

1.216755

230 months or less

1

4,999,160.68

2.78%

56

5.4000

0.908300

 

91 to 114 months

0

0.00

0.00%

0

0.0000

0.000000

231 to 350 months

3

173,275,228.42

96.27%

(2)

5.1790

1.225654

 

115 to 174 months

0

0.00

0.00%

0

0.0000

0.000000

351 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

175 months or greater

0

0.00

0.00%

0

0.0000

0.000000

Totals

4

178,274,389.10

99.05%

(1)

5.1852

1.216755

 

Totals

4

178,274,389.10

99.05%

(1)

5.1852

1.216755

 

 

 

 

 

 

 

(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.

 

 

 

 

(4)

Note: There are no Hyper-Amortization Loans included in the Mortgage Pool.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

 

 

Page 11 of 26

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

      Age of Most Recent NOI

 

 

 

 

        Remaining Stated Term (Fully Amortizing Loans)

 

 

 

Age of Most

# Of

Scheduled

% Of

 

 

Weighted Avg

Age of Most

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Recent NOI

Loans

Balance

Agg. Bal.

 

 

DSCR¹

Recent NOI

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

12 months or less

4

88,198,113.26

49.00%

3

5.3778

0.950306

90 months or less

1

1,716,048.90

0.95%

57

5.1720

2.427200

 

12 to 24 months

1

91,792,324.74

51.00%

(3)

5.0000

1.495400

91 to 114 months

0

0.00

0.00%

0

0.0000

0.000000

 

24 months or greater

0

0.00

0.00%

0

0.0000

0.000000

115 to 174 months

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

5

179,990,438.00

100.00%

0

5.1851

1.228295

175 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

1

1,716,048.90

0.95%

57

5.1720

2.427200

(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.

 

 

 

 

(4)

Note: There are no Hyper-Amortization Loans included in the Mortgage Pool.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

 

 

Page 12 of 26

 


 

 

                                 

 

 

 

 

 

Mortgage Loan Detail (Part 1)

 

 

 

 

 

 

 

 

 

Prop

 

 

 

 

 

 

 

 

Original         Adjusted

Beginning

Ending

Paid

 

 

 

Type

 

 

Interest

 

   Scheduled

  Scheduled

Principal

Anticipated          Maturity

Maturity

Scheduled

Scheduled

Through

 

Pros ID

Loan ID

(1)

 City

State         Accrual Type            Gross Rate

Interest

Principal

Adjustments

Repay Date

Date

Date

Balance

Balance

Date

 

2

845100002

RT

Canton

OH

Actual/360

5.000%

383,108.49

153,713.13

0.00

N/A

07/01/21

--

91,946,037.87

91,792,324.74

11/01/20

 

3

453000067

RT

Louisville

KY

Actual/360

5.370%

351,460.75

180,215.84

0.00

N/A

06/06/21

--

78,538,715.75

78,358,499.91

06/06/21

 

42

845100042

RT

Eldersburg

MD

Actual/360

5.400%

22,639.95

31,940.18

0.00

N/A

06/01/26

--

5,031,100.86

4,999,160.68

10/01/21

 

56

845100056

RT

Various

OH

Actual/360

5.172%

7,507.59

25,851.33

0.00

N/A

07/01/26

--

1,741,900.23

1,716,048.90

10/01/21

 

60

453000089

RT

Porterville

CA

Actual/360

5.650%

14,732.96

4,719.89

0.00

N/A

08/10/26

--

3,129,123.66

3,124,403.77

10/10/21

 

Totals

 

 

 

 

 

 

779,449.74

396,440.37

0.00

 

 

 

180,386,878.37

179,990,438.00

 

 

(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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

 

 

 

Page 13 of 26

 


 

 

                           

 

 

 

 

 

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

 

2

11,258,722.00

7,724,947.38

01/01/20

09/30/20

12/11/20

23,349,648.68

1,063,667.29

434,034.23

4,763,981.89

0.00

0.00

 

 

3

7,234,963.77

2,921,115.00

01/01/21

06/30/21

--

0.00

0.00

525,485.12

2,102,674.67

0.00

0.00

 

 

42

1,099,743.08

351,520.34

01/01/21

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

56

990,211.60

495,105.80

01/01/21

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

60

436,764.92

213,749.60

01/01/21

06/30/21

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

Totals

21,020,405.37

11,706,438.12

 

 

 

23,349,648.68

1,063,667.29

959,519.35

6,866,656.56

0.00

0.00

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

 

Page 14 of 26

 


 

 

           

 

 

Principal Prepayment Detail

 

 

 

 

 

Unscheduled Principal

Prepayment Penalties

Pros ID

Loan Number

                               Amount

                                      Prepayment / Liquidation Code

Prepayment Premium Amount

Yield Maintenance Amount

 

 

 

No principal prepayments this period

 

 

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

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

Page 15 of 26

 


 

 

                                         

 

 

 

 

 

 

 

 

Historical Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      Delinquencies¹

 

 

 

 

 

 

         Prepayments

 

    Rate and Maturities

 

 

30-59 Days

 

60-89 Days

 

90 Days or More

 

Foreclosure

 

REO

 

Modifications

 

 

Curtailments

 

Payoff

Next Weighted Avg.

 

Distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

Balance

#

Balance

#

Balance

#

Balance

#

Balance

#

Balance

 

#

Amount

#

Amount

Coupon

Remit

WAM¹

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/18/21

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

5.185112%

4.854179%

0

09/17/21

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

1

2,211,398.51

5.185187%

4.854310%

1

08/17/21

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

5.387511%

5.131162%

1

07/16/21

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

2

22,436,057.61

5.378593%

5.140694%

2

06/17/21

0

0.00

0

0.00

1

92,378,026.62

0

0.00

0

0.00

0

0.00

 

0

0.00

4

45,451,569.03

5.378324%

5.196208%

3

05/17/21

0

0.00

0

0.00

1

92,516,513.25

0

0.00

0

0.00

0

0.00

 

0

0.00

8

78,168,624.15

5.393139%

5.223115%

4

04/16/21

0

0.00

0

0.00

1

92,667,221.45

0

0.00

0

0.00

0

0.00

 

0

0.00

4

57,267,259.04

5.310131%

5.157108%

4

03/17/21

0

0.00

0

0.00

1

92,804,468.28

0

0.00

0

0.00

0

0.00

 

0

0.00

4

40,853,929.93

5.353162%

5.207836%

5

02/18/21

0

0.00

0

0.00

1

92,979,702.17

0

0.00

0

0.00

0

0.00

 

0

0.00

2

23,032,817.89

5.341681%

5.199765%

6

01/15/21

0

0.00

0

0.00

1

93,115,609.36

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

5.338842%

5.198657%

7

12/17/20

0

0.00

0

0.00

1

93,250,933.90

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

5.338860%

5.198687%

8

11/18/20

0

0.00

0

0.00

1

93,398,594.71

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

5.338883%

5.198722%

9

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

 

 

 

 

 

Page 16 of 26

 


 

 

                             

 

 

 

 

 

Delinquency Loan Detail

 

 

 

 

 

 

 

 

 

Paid

 

Mortgage

 

Outstanding

 

Servicing

Resolution

 

 

 

 

 

 

Through

Months

Loan

   Current P&I

Outstanding P&I

Servicer

Actual Principal

Transfer

Strategy

Bankruptcy

Foreclosure

 

Pros ID

Loan ID

Date

Delinquent

Status¹                          Advances

Advances

Advances

Balance

Date

Code²

 

Date

Date

REO Date

2

845100002             11/01/20

10

5

434,034.23

4,763,981.89

2,974.00

93,398,594.71

05/15/20

1

 

 

 

 

3

453000067             06/06/21

3

5

525,485.12

2,102,674.67

0.00

79,051,315.46

06/30/21

1

 

 

 

 

Totals

 

 

 

 

959,519.35

6,866,656.56

2,974.00

172,449,910.17

 

 

 

 

 

 

1 Mortgage Loan Status

 

 

 

 

 

2 Resolution Strategy Code

 

 

 

 

 

 

A - Payment Not Received But Still in Grace Period        0 - Current

 

4 - Performing Matured Balloon

 

1 - Modification

6 - DPO

 

 

10 - Deed in Lieu of Foreclosures

B - Late Payment But Less Than 30 days

1 - 30-59 Days Delinquent

5 - Non Performing Matured Balloon

2 - Foreclosure

7 - REO

 

 

11- Full Payoff

 

Delinquent

 

 

 

 

 

 

3 - Bankruptcy

8 - Resolved

 

 

12 - Reps and Warranties

 

 

 

2 - 60-89 Days Delinquent

6 - 121+ Days Delinquent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4 - Extension

9 - Pending Return to Master Servicer

13 -

TBD

 

 

 

 

3 - 90-120 Days Delinquent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5 - Note Sale

98 - Other

 

 

 

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

 

 

 

Page 17 of 26

 


 

 

                 

 

 

 

 

Collateral Stratification and Historical Detail

 

Maturity Dates and Loan Status¹

 

 

 

 

 

 

 

 

 

           Total

Performing

Non-Performing

              REO/Foreclosure

 

 

Past Maturity

 

170,150,825

0

170,150,825

 

0

 

0 - 6 Months

 

0

0

0

 

 

0

 

7 - 12 Months

 

0

0

0

 

 

0

 

13 - 24 Months

 

0

0

0

 

 

0

 

25 - 36 Months

 

0

0

0

 

 

0

 

37 - 48 Months

 

0

0

0

 

 

0

 

49 - 60 Months

 

9,839,613

9,839,613

0

 

 

0

 

> 60 Months

 

0

0

0

 

 

0

 

 

 

 

 

Historical Delinquency Information

 

 

 

 

 

 

 

 

    Total

     Current

   30-59 Days

    60-89 Days

90+ Days

REO/Foreclosure

 

 

Oct-21

179,990,438

9,839,613

0

0

170,150,825

0

 

Sep-21

180,386,878

9,902,125

0

0

170,484,754

0

 

Aug-21

264,195,456

93,262,902

0

0

170,932,554

0

 

Jul-21

298,500,630

127,401,123

0

0

171,099,507

0

 

Jun-21

328,178,309

150,136,439

0

0

178,041,870

0

 

May-21

381,409,016

288,892,503

0

0

92,516,513

0

 

Apr-21

493,249,386

400,582,164

0

0

92,667,221

0

 

Mar-21

568,998,478

476,194,009

0

0

92,804,468

0

 

Feb-21

611,235,856

518,256,154

0

0

92,979,702

0

 

Jan-21

635,439,500

542,323,891

0

0

93,115,609

0

 

Dec-20

636,604,958

543,354,024

0

0

93,250,934

0

 

Nov-20

637,853,584

544,454,989

0

0

93,398,595

0

 

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

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

Page 18 of 26

 


 

 

                     

 

 

 

Specially Serviced Loan Detail - Part 1

 

 

 

 

 

 

         Ending Scheduled

 

 

 

Net Operating

 

 

 

Remaining

Pros ID

Loan ID

       Balance

      Actual Balance

  Appraisal Value

Appraisal Date

Income

DSCR

DSCR Date

Maturity Date

Amort Term

2

845100002

91,792,324.74

93,398,594.71

159,000,000.00

06/01/11

10,318,725.33

1.59890

09/30/20

07/01/21

239

3

453000067

78,358,499.91

79,051,315.46

147,000,000.00

05/11/11

5,890,646.27

0.91560

06/30/21

06/06/21

235

Totals

 

170,150,824.65

172,449,910.17

306,000,000.00

 

16,209,371.60

 

 

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

Page 19 of 26

 


 

 

                 

 

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

 

 

 

Servicing

 

 

 

 

 

 

Property

 

Transfer

Resolution

 

 

 

Pros ID

Loan ID

Type¹

State

Date

Strategy Code²

 

Special Servicing Comments

 

2

845100002

RT

OH

05/15/20

1

 

 

 

 

Please refer to Servicer Reports for comments as they are too lengthy to include for this cycle.

 

 

 

 

 

 

3

453000067

RT

KY

06/30/21

1

 

 

 

 

Please refer to Servicer Reports for comments as they are too lengthy to include for this cycle.

 

 

 

 

 

 

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

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

Page 20 of 26

 


 

 

                   

 

 

 

 

Modified Loan Detail

 

 

 

 

 

 

                           Pre-Modification

              Post-Modification

 

 

Modification

Modification

 

 

 

 

 

 

Modification

Modification Booking

Closing

Effective

 

 

       Balance

Rate

Balance

Rate

 

 

 

 

Pros ID

Loan Number

 

 

 

 

Code¹

Date

Date

Date

48

845100048

5,157,145.44

5.72000%

5,157,145.44                      5.72000%

10

06/01/20

04/01/20

07/13/20

Totals

 

5,157,145.44

 

5,157,145.44

 

 

 

 

1 Modification Codes

 

 

 

 

 

 

 

 

 

1 - Maturity Date Extension

5 - Temporary Rate Reduction

8 - Other

 

 

 

 

 

 

2 - Amortization Change

6 - Capitalization on Interest

9 - Combination

 

 

 

 

 

 

3 - Principal Write-Off

7 - Capitalization on Taxes

10 - Forbearance

 

 

 

 

 

 

 

Note: Please refer to Servicer Reports for modification comments.

 

 

 

 

 

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

Page 21 of 26

 


 

 

                         

 

 

 

 

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

16

845100016         07/16/21

22,505,770.95

36,000,000.00

16,379,634.64

415,323.14

16,379,634.64

15,964,311.50

6,541,459.45

0.00

0.00

6,541,459.45

24.22%

51

845100051         07/17/18

5,357,491.12

4,500,000.00

5,789,944.20

432,453.08

5,789,944.20

5,357,491.12

0.00

0.00

(2,270.94)

2,270.94

0.03%

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

27,863,262.07

40,500,000.00

22,169,578.84

847,776.22

22,169,578.84

21,321,802.62

6,541,459.45

0.00

(2,270.94)

6,543,730.39

 

 

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

 

 

 

 

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

 

Page 22 of 26

 


 

 

                       

 

 

 

 

Historical Bond / Collateral Loss Reconciliation Detail

 

 

 

 

 

 

Certificate

Reimb of Prior

 

 

 

 

 

 

 

 

 

 

Interest Paid

Realized Losses

 

Loss Covered by

 

 

 

 

Total Loss

 

 

 

from Collateral

from Collateral

Aggregate

Credit

Loss Applied to

Loss Applied to

Non-Cash

Realized Losses

Applied to

 

Loan

Distribution

Principal

Interest

Realized Loss to

Support/Deal

Certificate

Certificate

Principal

from

Certificate

Pros ID

Number

Date

Collections

Collections

Loan

Structure

Interest Payment

Balance

Adjustment

NRA/WODRA

Balance

Deal

Deal

10/18/21

0.00

(28,013.76)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

 

09/17/21

0.00

(29,946.60)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

08/17/21

0.00

(29,775.61)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

07/16/21

0.00

(10.69)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

06/17/21

0.00

(11.03)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

05/17/21

0.00

(10.46)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

04/16/21

0.00

(10.85)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

03/17/21

0.00

(10.46)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

02/18/21

0.00

(10.38)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

01/15/21

0.00

(10.33)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

12/17/20

0.00

(10.29)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

11/18/20

0.00

(10.59)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

10/19/20

0.00

(10.20)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

09/17/20

0.00

(10.49)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

08/17/20

0.00

(10.44)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

07/17/20

0.00

(10.06)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

06/17/20

0.00

(10.35)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

05/15/20

0.00

(9.98)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

04/17/20

0.00

(10.26)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

03/17/20

0.00

(3.72)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

02/18/20

0.00

(6.86)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

01/17/20

0.00

(6.39)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

12/17/19

0.00

(6.16)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

11/18/19

0.00

(6.33)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

10/18/19

0.00

(6.10)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

09/17/19

0.00

(6.13)

0.00

0.00

0.00

0.00

0.00

0.00

 

16

845100016

07/16/21

0.00

0.00

6,541,459.45

0.00

0.00

6,541,459.45

0.00

0.00

6,541,459.45

51

845100051

07/16/21

0.00

0.00

2,270.94

0.00

0.00

40.00

0.00

0.00

2,270.94

 

 

03/17/20

0.00

0.00

2,230.94

0.00

0.00

1,417.67

0.00

0.00

 

 

 

02/18/20

0.00

0.00

813.27

0.00

0.00

(726.60)

0.00

0.00

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

Page 23 of 26

 


 

 

                       

 

 

 

 

Historical Bond / Collateral Loss Reconciliation Detail

 

 

 

 

 

 

Certificate

Reimb of Prior

 

 

 

 

 

 

 

 

 

 

Interest Paid

Realized Losses

 

Loss Covered by

 

 

 

 

Total Loss

 

 

 

from Collateral

from Collateral

Aggregate

Credit

Loss Applied to

Loss Applied to

Non-Cash

Realized Losses

Applied to

 

Loan

Distribution

Principal

Interest

Realized Loss to

Support/Deal

Certificate

Certificate

Principal

from

Certificate

Pros ID

Number

Date

Collections

Collections

Loan

Structure

Interest Payment

Balance

Adjustment

NRA/WODRA

Balance

51

845100051

01/17/20

0.00

0.00

1,539.87

0.00

0.00

149.37

0.00

0.00

 

 

 

08/16/19

0.00

0.00

1,390.50

0.00

0.00

1,390.50

0.00

0.00

 

 

 

07/17/18

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

Current Period Totals

 

0.00

(28,013.76)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Cumulative Totals

 

0.00

(87,944.52)

6,543,730.39

0.00

0.00

6,543,730.39

0.00

0.00

6,543,730.39

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

Page 24 of 26

 


 

 

                         

 

 

 

 

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)

2

0.00

0.00

19,155.42

0.00

0.00

95,538.98

0.00

0.00

0.00

0.00

0.00

0.00

3

0.00

0.00

16,362.23

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Total

0.00

0.00

35,517.65

0.00

0.00

95,538.98

0.00

0.00

0.00

0.00

0.00

0.00

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

 

 

Collateral Shortfall Total

131,056.63

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

 

 

 

 

 

Page 25 of 26

 


 

 

     

 

Supplemental Notes

 

 

None

 

 

 

 

 

© Copyright 2021, Wells Fargo Bank, N.A. All rights reserved. Confidential

 

Page 26 of 26