EX-99.1 2 ccc14c18_ex991-202409.htm ccc14c18_ex991-202409.htm - Generated by SEC Publisher for SEC Filing

 

     

Distribution Date:

09/17/24

COMM 2014-CCRE18 Mortgage Trust

Determination Date:

09/11/24

 

Next Distribution Date:

10/18/24

 

Record Date:

08/30/24

Commercial Mortgage Pass-Through Certificates

 

 

Series 2014 CCRE18

 

           

Table of Contents

 

 

Contacts

 

 

Section

Pages

Role

Party and Contact Information

 

 

Certificate Distribution Detail

2

Depositor

Deutsche Mortgage & Asset Receiving Corporation

 

 

Certificate Factor Detail

3

 

Lainie Kaye

 

cmbs.requests@db.com

Certificate Interest Reconciliation Detail

4

 

1 Columbus Circle | New York, NY 10019 | United States

 

 

 

 

Master Servicer

KeyBank National Association

 

 

Exchangeable Certificate Detail

5

 

 

 

 

 

 

 

www.key.com/key2cre

 

Surveillance_Inquiries@KeyBank.com

Additional Information

6

 

 

 

 

 

 

 

11501 Outlook Street, Suite 300 | Overland Park , KS 66211 | United States

 

Bond / Collateral Reconciliation - Cash Flows

7

Special Servicer

Rialto Capital Advisors, LLC

 

 

Bond / Collateral Reconciliation - Balances

8

 

General

(305) 229-6465

 

Current Mortgage Loan and Property Stratification

9-13

 

200 S. Biscayne Blvd., Suite 3550 | Miami, FL 33131 | United States

 

 

Mortgage Loan Detail (Part 1)

14

Operating Advisor

Park Bridge Lender Services LLC

 

 

Mortgage Loan Detail (Part 2)

15

 

David Rodgers

(212) 230-9025

 

Principal Prepayment Detail

16

 

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

 

 

Historical Detail

17

Certificate Administrator

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

 

 

 

 

 

Bank, N.A.

 

 

Delinquency Loan Detail

18

 

Corporate Trust Services (CMBS)

 

cctcmbsbondadmin@computershare.com;

Collateral Stratification and Historical Detail

19

 

 

 

trustadministrationgroup@computershare.com

 

 

 

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

 

 

Specially Serviced Loan Detail - Part 1

20

 

 

 

 

 

 

Controlling Class

RREF II CMBS AIV, L.P.

 

 

Specially Serviced Loan Detail - Part 2

21

Representative

 

 

 

Modified Loan Detail

22

 

-

 

 

Historical Liquidated Loan Detail

23

 

 

 

 

Historical Bond / Collateral Loss Reconciliation Detail

24

 

 

 

 

Interest Shortfall Detail - Collateral Level

25

 

 

 

 

Supplemental Notes

26

 

 

 

 

 

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

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

   

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Page 1 of 26

 


 

 

                         

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

Original

 

 

Pass-Through

 

 

Principal

Interest

Prepayment

 

 

 

Credit

Credit

Class

CUSIP

Rate (2)

Original Balance                                     Beginning Balance

Distribution

Distribution

Penalties

Realized Losses                    Total Distribution            Ending Balance

Support¹         Support¹

 

A-1

12632QAS2

1.442000%

47,076,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-2

12632QAT0

2.924000%

139,682,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-SB

12632QAU7

3.452000%

53,600,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-3

12632QAV5

3.528000%

20,350,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-4

12632QAW3

3.550000%

195,000,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-5

12632QAX1

3.828000%

241,730,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-M

12632QAZ6

4.103000%

61,026,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

23.88%

B

12632QBA0

4.456000%

58,535,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

18.00%

C

12632QBC6

4.913223%

46,080,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

13.38%

D

12632QAE3

4.913223%

53,554,000.00

21,558,762.47

13,104,295.85

88,269.17

0.00

0.00

13,192,565.02

8,454,466.62

86.34%

8.00%

E

12632QAG8

3.600000%

26,153,000.00

26,153,000.00

0.00

146,922.58

0.00

0.00

146,922.58

26,153,000.00

44.07%

5.38%

F*

12632QAJ2

3.600000%

23,664,000.00

23,664,000.00

0.00

0.00

0.00

0.00

0.00

23,664,000.00

5.83%

3.00%

G

12632QAL7

3.600000%

29,890,247.00

3,604,657.61

0.00

0.00

0.00

0.00

0.00

3,604,657.61

0.00%

0.00%

R

12632QAN3

0.000000%

1.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

LR

12632QAQ6

0.000000%

1.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

996,340,249.00

74,980,420.08

13,104,295.85

235,191.75

0.00

0.00

13,339,487.60

61,876,124.23

 

 

 

 

X-A

12632QAY9

4.913223%

758,464,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

 

X-B

12632QAA1

0.000000%

158,169,000.00

21,558,762.47

0.00

0.00

0.00

0.00

0.00

8,454,466.62

 

 

X-C

12632QAC7

1.313223%

79,707,247.00

53,421,657.61

0.00

58,462.11

0.00

0.00

58,462.11

53,421,657.61

 

 

Notional SubTotal

 

996,340,247.00

74,980,420.08

0.00

58,462.11

0.00

0.00

58,462.11

61,876,124.23

 

 

 

Deal Distribution Total

 

 

 

13,104,295.85

293,653.86

0.00

0.00

13,397,949.71

 

 

 

 

*

Denotes the Controlling Class (if required)

 

 

 

 

 

 

 

 

 

 

(1)

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

 

dividing the result by (A).

 

 

 

 

 

 

 

 

 

 

 

(2)

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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Page 2 of 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

12632QAS2

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-2

12632QAT0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-SB

12632QAU7

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-3

12632QAV5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-4

12632QAW3

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-5

12632QAX1

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-M

12632QAZ6

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

B

12632QBA0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

C

12632QBC6

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

D

12632QAE3

402.56119935

244.69312936

1.64822740

0.00000000

0.00000000

0.00000000

0.00000000

246.34135676

157.86806999

E

12632QAG8

1,000.00000000

0.00000000

5.61780981

(2.61780981)

4.22480786

0.00000000

0.00000000

5.61780981

1,000.00000000

F

12632QAJ2

1,000.00000000

0.00000000

0.00000000

3.00000000

18.02110379

0.00000000

0.00000000

0.00000000

1,000.00000000

G

12632QAL7

120.59644773

0.00000000

0.00000000

0.36178925

39.62114030

0.00000000

0.00000000

0.00000000

120.59644773

R

12632QAN3

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

LR

12632QAQ6

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

12632QAY9

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

X-B

12632QAA1

136.30207228

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

53.45210895

X-C

12632QAC7

670.22334381

0.00000000

0.73346041

0.00000000

0.00000000

0.00000000

0.00000000

0.73346041

670.22334381

 

 

 

 

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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-SB

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

 

A-5

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-M

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

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

D

08/01/24 - 08/30/24

30

0.00

88,269.17

0.00

88,269.17

0.00

0.00

0.00

88,269.17

0.00

 

E

08/01/24 - 08/30/24

30

178,954.98

78,459.00

0.00

78,459.00

(68,463.58)

0.00

0.00

146,922.58

110,491.40

 

F

08/01/24 - 08/30/24

30

355,459.40

70,992.00

0.00

70,992.00

70,992.00

0.00

0.00

0.00

426,451.40

 

G

08/01/24 - 08/30/24

30

1,173,471.70

10,813.97

0.00

10,813.97

10,813.97

0.00

0.00

0.00

1,184,285.67

 

X-A

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

X-B

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

X-C

08/01/24 - 08/30/24

30

0.00

58,462.11

0.00

58,462.11

0.00

0.00

0.00

58,462.11

0.00

 

Totals

 

 

1,707,886.08

306,996.25

0.00

306,996.25

13,342.39

0.00

0.00

293,653.86

1,721,228.47

 

 

 

 

 

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Page 4 of 26

 


 

 

                       

 

 

 

 

Exchangeable Certificate Detail

 

 

 

 

 

 

 

 

Original

 

 

 

 

 

 

 

 

 

 

Pass-Through

Exchangeable

 

 

 

Prepayment

 

 

 

 

Class

CUSIP

Rate

Balance

Beginning Balance                                   Principal Distribution                  Interest Distribution

Penalties

 

Realized Losses

Total Distribution

Ending Balance

Regular Interest

 

 

 

 

 

 

 

 

 

 

 

A-M (Cert)

12632QAZ6

N/A

61,026,000.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

A-M (PEZ)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

B (Cert)

12632QBA0

N/A

58,535,000.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

B (PEZ)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

C (Cert)

12632QBC6

N/A

46,080,000.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

C (PEZ)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

Regular Interest Total

 

 

165,641,000.03

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

 

Exchangeable Certificate Details

 

 

 

 

 

 

 

 

 

 

PEZ

12632QBB8

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

Exchangeable Certificates Total

 

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

 

 

 

 

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Page 5 of 26

 


 

 

       

 

Additional Information

 

 

 

Excess Liquidation Proceeds Reserve Account Summary

 

Total Available Distribution Amount (1)

13,397,949.71

Beginning Reserve Account Balance

0.00

 

 

Deposit Amount

0.00

 

 

Withdrawal Amount

0.00

 

 

Ending Reserve Account Balance

0.00

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

 

 

 

 

 

 

 

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Page 6 of 26

 


 

 

       

Bond / Collateral Reconciliation - Cash Flows

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest

 

Fees

 

Interest Paid or Advanced

311,052.83

Master Servicing Fee

3,477.71

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

290.55

Interest Adjustments

0.00

Trustee Fee

0.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

32.28

ARD Interest

0.00

Operating Advisor Fee

32.09

Net Prepayment Interest Excess / (Shortfall)

0.00

CCRE Strip - Cantor Commercial Real Estate Lending, L.P.

223.94

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

 

 

Total Interest Collected

311,052.83

Total Fees

4,056.58

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

13,104,295.85

Reimbursement for Interest on Advances

0.00

Unscheduled Principal Collections

 

ASER Amount

0.00

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

13,342.39

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

13,104,295.85

Total Expenses/Reimbursements

13,342.39

 

 

 

Interest Reserve Deposit

0.00

 

 

Gain on Sale / Excess Liquidation Proceeds Reserve Account Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

293,653.86

Borrower Option Extension Fees

0.00

Principal Distribution

13,104,295.85

Gain on Sale / Excess Liquidation Proceeds

0.00

Prepayment Penalties / Yield Maintenance

0.00

 

 

Borrower Option Extension Fees

0.00

Total Other Collected

0.00

Total Payments to Certificateholders and Others

13,397,949.71

Total Funds Collected

13,415,348.68

Total Funds Distributed

13,415,348.68

 

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Page 7 of 26

 


 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

Total

 

Total

Beginning Scheduled Collateral Balance

74,980,420.08

74,980,420.08

Beginning Certificate Balance

74,980,420.08

(-) Scheduled Principal Collections

13,104,295.85

13,104,295.85

(-) Principal Distributions

13,104,295.85

(-) 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

61,876,124.23

61,876,124.23

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

75,189,164.61

75,189,164.61

Ending Certificate Balance

61,876,124.23

Ending Actual Collateral Balance

62,186,279.91

62,186,279.91

 

 

 

 

 

 

 

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

4.91%

 

 

 

 

UC / (OC) Interest

0.00

(1)

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

 

 

 

(2)

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

 

 

 

**

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

 

 

 

 

 

 

 

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Page 8 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

 

7,499,999 or less

0

0.00

0.00%

0

0.0000

0.000000

1.29 or less

0

0.00

0.00%

0

0.0000

0.000000

7,500,000 to 14,999,999

1

7,700,000.00

12.44%

(4)

4.7400

2.160000

1.30 to 1.39

0

0.00

0.00%

0

0.0000

0.000000

15,000,000 to 24,999,999

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

25,000,000 to 49,999,999

0

0.00

0.00%

0

0.0000

0.000000

1.50 to 1.59

0

0.00

0.00%

0

0.0000

0.000000

50,000,000 to 74,999,999

1

54,176,124.23

87.56%

(4)

4.7500

2.070000

1.60 to 1.99

0

0.00

0.00%

0

0.0000

0.000000

 

75,000,000 or greater

0

0.00

0.00%

0

0.0000

0.000000

2.00 or greater

2

61,876,124.23

100.00%

(4)

4.7488

2.081200

 

Totals

2

61,876,124.23

100.00%

(4)

4.7488

2.081200

Totals

2

61,876,124.23

100.00%

(4)

4.7488

2.081200

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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Page 9 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

7,700,000.00

12.44%

(4)

4.7400

2.160000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Office

1

54,176,124.23

87.56%

(4)

4.7500

2.070000

Michigan

1

54,176,124.23

87.56%

(4)

4.7500

2.070000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

1

7,700,000.00

12.44%

(4)

4.7400

2.160000

Totals

2

61,876,124.23

100.00%

(4)

4.7488

2.081200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

2

61,876,124.23

100.00%

(4)

4.7488

2.081200

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 10 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

 

4.4999% or less

0

0.00

0.00%

0

0.0000

0.000000

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

4.5000% to 4.7499%

1

7,700,000.00

12.44%

(4)

4.7400

2.160000

13 to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.7500% to 4.9999%

1

54,176,124.23

87.56%

(4)

4.7500

2.070000

25 to 36 months

0

0.00

0.00%

0

0.0000

0.000000

 

5.0000% or greater

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

2

61,876,124.23

100.00%

(4)

4.7488

2.081200

49 months or greater

2

61,876,124.23

100.00%

(4)

4.7488

2.081200

 

 

 

 

 

 

 

 

Totals

2

61,876,124.23

100.00%

(4)

4.7488

2.081200

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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Page 11 of 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

 

60 months or less

2

61,876,124.23

100.00%

(4)

4.7488

2.081200

Interest Only

1

7,700,000.00

12.44%

(4)

4.7400

2.160000

61 months to 84 months

0

0.00

0.00%

0

0.0000

0.000000

60 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

85 months or greater

0

0.00

0.00%

0

0.0000

0.000000

61 months to 84 months

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

2

61,876,124.23

100.00%

(4)

4.7488

2.081200

85 months or greater

1

54,176,124.23

87.56%

(4)

4.7500

2.070000

 

 

 

 

 

 

 

 

Totals

2

61,876,124.23

100.00%

(4)

4.7488

2.081200

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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Page 12 of 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

2

61,876,124.23

100.00%

(4)

4.7488

2.081200

 

 

No outstanding loans in this group

 

 

13 months to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

25 Months or more

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

2

61,876,124.23

100.00%

(4)

4.7488

2.081200

 

 

 

 

 

(1)

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

 

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

 

 

(2)

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

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

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Page 13 of 26

 


 

 

                               

 

 

 

 

 

 

Mortgage Loan Detail (Part 1)

 

 

 

 

 

 

 

 

 

 

 

Interest

 

 

 

 

 

Original

Adjusted

Beginning

Ending

Paid

 

 

Prop

 

 

Accrual

Gross

Scheduled

Scheduled

Principal

Anticipated              Maturity

Maturity

Scheduled

Scheduled

Through

Pros ID

Loan ID

Type

City

State

Type

Rate

Interest

Principal

Adjustments         Repay Date

Date

Date

Balance

Balance

Date

4

10087206

OF

Southfield

MI

Actual/360

4.750%

222,010.20

101,411.15

0.00

N/A

05/06/24

--

54,277,535.38

54,176,124.23

06/06/24

22

10087222

RT

Garden Grove

CA

Actual/360

5.146%

57,613.80

13,002,884.70

0.00

N/A

07/06/24

--

13,002,884.70

0.00

09/06/24

33

10087233

RT

Costa Mesa

CA

Actual/360

4.740%

31,428.83

0.00

0.00

N/A

05/05/24

--

7,700,000.00

7,700,000.00

04/05/24

Totals

 

 

 

 

 

 

311,052.83

13,104,295.85

0.00

 

 

 

74,980,420.08

61,876,124.23

 

1 Property Type Codes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HC - Health Care

MU - Mixed Use

WH - Warehouse

MF - Multi-Family

 

 

 

 

 

 

 

 

SS - Self Storage

LO - Lodging

RT - Retail

 

SF - Single Family Rental

 

 

 

 

 

 

 

 

98 - Other

 

IN - Industrial

OF - Office

 

MH - Mobile Home Park

 

 

 

 

 

 

 

 

SE - Securities

CH - Cooperative Housing

ZZ - Missing Information/Undefined

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 14 of 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

 

4

19,123,664.85

19,790,165.43

01/01/23

12/31/23

--

0.00

0.00

319,799.08

959,869.08

0.00

0.00

 

 

22

1,460,161.95

1,358,139.75

01/01/23

12/31/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

33

880,788.08

817,770.91

01/01/23

12/31/23

--

0.00

0.00

31,350.59

154,877.58

0.00

0.00

 

 

Totals

21,464,614.88

21,966,076.09

 

 

 

0.00

0.00

351,149.67

1,114,746.66

0.00

0.00

 

 

 

 

 

 

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Page 15 of 26

 


 

 

           

 

 

 

Principal Prepayment Detail

 

 

 

 

 

Unscheduled Principal

Prepayment Penalties

Pros ID

Loan Number

Amount

Prepayment / Liquidation Code

Prepayment Premium Amount

Yield Maintenance Amount

 

 

 

No principal prepayments this period

 

 

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

 

 

 

 

 

 

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Page 16 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

09/17/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.748756%

4.679431%

(4)

08/16/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.817560%

4.754732%

(3)

07/17/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.631513%

4.601019%

(2)

06/17/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.632807%

4.603995%

(1)

05/17/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

6

67,412,275.00

4.748181%

4.722180%

1

04/17/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

2

9,531,361.50

4.777790%

4.751364%

2

03/15/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

3

52,314,585.90

4.780748%

4.753633%

3

02/16/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

3

63,598,519.42

4.766422%

4.738644%

4

01/18/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

1

2,084,666.52

4.761441%

4.733839%

5

12/15/23

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.761374%

4.733821%

6

11/17/23

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.761607%

4.734047%

7

10/17/23

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

4.761829%

4.734261%

8

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 17 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

4

10087206

06/06/24

2

5

 

319,799.08

959,869.08

0.00

54,486,279.91

02/14/24

13

 

 

 

 

33

10087233

04/05/24

4

5

 

31,350.59

154,877.58

5,550.00

7,700,000.00

04/25/24

13

 

 

 

 

Totals

 

 

 

 

 

351,149.67

1,114,746.66

5,550.00

62,186,279.91

 

 

 

 

 

 

1 Mortgage Loan Status

 

 

 

 

 

 

2 Resolution Strategy Code

 

 

 

 

 

 

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

 

4 - Performing Matured Balloon

 

1 - Modification

6 - DPO

 

 

10 - Deed in Lieu of Foreclosures

B - Late Payment But Less Than 30 days

1 - 30-59 Days Delinquent

5 - Non Performing Matured Balloon

2 - Foreclosure

7 - REO

 

 

11- Full Payoff

 

Delinquent

 

 

 

 

 

 

 

3 - Bankruptcy

8 - Resolved

 

 

12 - Reps and Warranties

 

 

 

2 - 60-89 Days Delinquent

6 - 121+ Days Delinquent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4 - Extension

9 - Pending Return to Master Servicer

13 -

TBD

 

 

 

 

3 - 90-120 Days Delinquent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5 - Note Sale

98 - Other

 

 

 

 

 

 

 

 

 

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Page 18 of 26

 


 

 

                 

 

 

 

 

Collateral Stratification and Historical Detail

 

Maturity Dates and Loan Status¹

 

 

 

 

 

 

 

 

 

        Total

        Performing

Non-Performing

               REO/Foreclosure

 

 

Past Maturity

 

61,876,124

0

       61,876,124

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

 

0

0

0

 

 

0

 

> 60 Months

 

0

0

0

 

 

0

 

 

 

 

 

Historical Delinquency Information

 

 

 

 

 

 

 

 

      Total

     Current

       30-59 Days

      60-89 Days

 90+ Days

     REO/Foreclosure

 

 

Sep-24

61,876,124

0

0

54,176,124

7,700,000

0

 

Aug-24

74,980,420

13,002,885

0

54,277,535

7,700,000

0

 

Jul-24

210,105,560

148,027,026

0

0

62,078,533

0

 

Jun-24

253,285,089

191,098,809

0

0

62,186,280

0

 

May-24

349,664,096

287,377,669

0

0

62,286,428

0

 

Apr-24

450,212,615

450,212,615

0

0

0

 

0

 

Mar-24

460,449,290

460,449,290

0

0

0

 

0

 

Feb-24

513,690,727

513,690,727

0

0

0

 

0

 

Jan-24

578,260,928

578,260,928

0

0

0

 

0

 

Dec-23

581,317,557

581,317,557

0

0

0

 

0

 

Nov-23

582,344,225

582,344,225

0

0

0

 

0

 

Oct-23

583,307,800

583,307,800

0

0

0

 

0

 

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

 

 

 

 

 

 

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Page 19 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

4

10087206

54,176,124.23

54,486,279.91

216,900,000.00

05/22/24

18,418,488.43

2.07000

12/31/23

05/06/24

236

33

10087233

7,700,000.00

7,700,000.00

14,100,000.00

06/17/24

799,717.91

2.16000

12/31/23

05/05/24

I/O

Totals

 

61,876,124.23

62,186,279.91

231,000,000.00

 

19,218,206.34

 

 

 

 

 

 

 

 

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Page 20 of 26

 


 

 

                 

 

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

 

 

 

Servicing

 

 

 

 

 

 

Property

 

Transfer

Resolution

 

 

 

Pros ID

Loan ID

Type¹

State

Date

Strategy Code²

 

Special Servicing Comments

 

4

10087206

OF

MI

02/14/24

13

 

 

 

 

9/11/2024 Loan transferred for Imminent default on 2/14/24 after Borrower indicated that they would be unable to refinance at maturity (5/6/24). The loan is secured by a 5-building office complex totaling 2.15MM sf in Southfield, MI. The

 

property is 75% occupied and had a Borrower reported T12 NOI of $18.6MM on 7/31/24. Borrower has been unsuccessful in its attempts to secure take out financing and has notified the Lender that it will be unable to pay off the loan prior to the

 

5/6/24 maturity date. Cash Management is in-place. Borrower has engaged Ironhound as the workout advisor. Lender and Borrower are discussing forbearance options which would include additional equity for the property Lender is awaiting an

 

updated proposal from Ironhound. Lender will continue discussing workout options with the Borrower while dual tracking foreclosure.

 

 

33

10087233

RT

CA

04/25/24

13

 

 

 

 

9/11/2024 The Loan transferred to Special Servicing in April 2024. Special Servicer has reached out to the Borrower and evaluating the Loan. Borrower and SS are currently negotiating the PNL and Special Servicer is evaluating all options with

 

respect to the Property.

 

 

 

 

 

 

 

 

1 Property Type Codes

 

 

 

 

2 Resolution Strategy Code

 

 

HC - Health Care

 

MU - Mixed Use

 

WH - Warehouse

1 - Modification

6 - DPO

10 - Deed in Lieu of Foreclosures

MF - Multi-Family

 

SS - Self Storage

 

LO - Lodging

2 - Foreclosure

7 - REO

11- Full Payoff

RT - Retail

 

SF - Single Family Rental

98 - Other

3 - Bankruptcy

8 - Resolved

12 - Reps and Warranties

IN - Industrial

 

OF - Office

 

MH - Mobile Home Park

4 - Extension

9 - Pending Return to Master Servicer

13 - TBD

SE - Securities

 

CH - Cooperative Housing

ZZ - Missing Information/Undefined

5 - Note Sale

98 - Other

 

 

 

 

 

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Page 21 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

21

 

10087221

0.00

         6.10800%

0.00

         6.10800%

10

04/06/20

04/06/20

04/06/20

21

 

10087221

0.00

         6.10800%

0.00

         6.10800%

10

08/31/21

08/31/21

08/31/21

48

 

10087247

0.00

         5.10000%

0.00

         5.10000%

8

06/23/22

06/23/22

06/23/22

Totals

 

 

0.00

 

0.00

 

 

 

 

 

1 Modification Codes

 

 

 

 

 

 

 

 

 

1 - Maturity Date Extension

5 - Temporary Rate Reduction

8 - Other

 

 

 

 

 

 

2 - Amortization Change

6 - Capitalization on Interest

9 - Combination

 

 

 

 

 

 

3 - Principal Write-Off

 

7 - Capitalization on Taxes

10 - Forbearance

 

 

 

 

 

 

Note: Please refer to Servicer Reports for modification comments.

 

 

 

 

 

 

 

 

 

 

 

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Page 22 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

5

10087207

03/15/24

39,520,615.39

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

9

10087211

05/17/18

28,680,210.42

41,650,000.00

36,077,916.43

2,560,553.08

36,077,916.43

33,517,363.35

0.00

0.00

(166.18)

166.18

0.00%

17

10087218

09/17/20

17,975,057.58

12,000,000.00

12,221,299.57

3,631,827.57

11,927,708.78

8,295,881.21

9,679,176.37

0.00

323,871.27

9,355,305.10

47.97%

23

10087223

11/18/19

11,098,227.48

13,100,000.00

1,843,389.88

140,753.10

1,843,389.88

1,702,636.78

9,395,590.70

0.00

740,011.99

8,655,578.71

64.49%

32

10087232

09/17/21

6,899,191.31

3,560,000.00

2,564,443.81

916,571.04

2,564,443.81

1,647,872.77

5,251,318.54

0.00

122,382.87

5,128,935.67

64.11%

34

10087234

05/17/22

6,684,072.22

5,000,000.00

4,902,769.43

1,569,773.84

4,902,769.43

3,332,995.59

3,351,076.63

0.00

205,992.71

3,145,083.92

40.84%

44

10087244

05/17/24

3,177,941.76

4,900,000.00

248,632.81

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

Current Period Totals

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

Cumulative Totals

114,035,316.16

80,210,000.00

57,858,451.93

8,819,478.63

57,316,228.33

48,496,749.70

27,677,162.24

0.00

1,392,092.66

26,285,069.58

 

 

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

 

 

 

 

 

 

 

 

 

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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

Deal

Deal

04/17/23

0.00

0.01

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

 

10/19/20

0.00

0.01

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

12/17/19

0.00

16,296.33

0.00

0.00

0.00

0.00

0.00

0.00

 

5

10087207

03/25/24

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

9

10087211

10/18/21

0.00

0.00

166.18

0.00

(1,118.78)

0.00

0.00

0.00

0.00

 

 

05/17/18

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

17

10087218

05/17/23

0.00

0.00

9,355,305.10

0.00

0.00

(11,332.37)

0.00

0.00

9,355,305.10

 

 

04/17/23

0.00

0.00

9,366,637.47

0.00

0.00

(137,948.61)

0.00

0.00

 

 

 

04/15/22

0.00

0.00

9,504,586.08

0.00

0.00

(1,346.25)

0.00

0.00

 

 

 

03/17/21

0.00

0.00

9,505,932.33

0.00

0.00

(173,244.04)

0.00

0.00

 

 

 

09/17/20

0.00

0.00

9,679,176.37

0.00

0.00

9,679,176.37

0.00

0.00

 

23

10087223

10/17/23

0.00

0.00

8,655,578.71

0.00

0.00

(234.32)

0.00

0.00

8,654,979.98

 

 

09/15/23

0.00

0.00

8,655,813.03

0.00

0.00

(524.98)

0.00

0.00

 

 

 

08/17/23

0.00

0.00

8,656,338.01

0.00

0.00

234.32

0.00

0.00

 

 

 

05/17/21

0.00

0.00

8,656,103.69

0.00

0.00

(111,206.13)

0.00

0.00

 

 

 

10/19/20

0.00

0.00

8,767,309.82

0.00

0.00

(569,006.94)

0.00

0.00

 

 

 

01/17/20

0.00

0.00

9,336,316.76

0.00

598.73

(59,872.67)

0.00

0.00

 

 

 

11/18/19

0.00

0.00

9,395,590.70

0.00

0.00

9,395,590.70

0.00

0.00

 

32

10087232

06/17/24

0.00

0.00

5,128,935.67

0.00

0.00

(1,000.00)

0.00

0.00

5,128,935.67

 

 

05/17/24

0.00

0.00

5,129,935.67

0.00

0.00

1,418.63

0.00

0.00

 

 

 

09/15/23

0.00

0.00

5,128,517.04

0.00

0.00

(1,000.00)

0.00

0.00

 

 

 

05/17/23

0.00

0.00

5,129,517.04

0.00

0.00

(120,152.79)

0.00

0.00

 

 

 

09/16/22

0.00

0.00

5,249,669.83

0.00

0.00

(1,832.00)

0.00

0.00

 

 

 

02/17/22

0.00

0.00

5,251,501.83

0.00

0.00

183.29

0.00

0.00

 

 

 

09/17/21

0.00

0.00

5,251,318.54

0.00

0.00

5,251,318.54

0.00

0.00

 

34

10087234

05/17/23

0.00

0.00

3,145,083.92

0.00

0.00

(205,992.71)

0.00

0.00

3,145,083.92

 

 

05/17/22

0.00

0.00

3,351,076.63

0.00

0.00

3,351,076.63

0.00

0.00

 

44

10087244

05/28/24

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Current Period Totals

 

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Cumulative Totals

 

0.00

16,296.35

26,285,069.58

0.00

(520.05)

26,284,304.67

0.00

0.00

26,284,304.67

 

 

 

 

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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)

4

0.00

0.00

11,684.75

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

33

0.00

0.00

1,657.64

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Total

0.00

0.00

13,342.39

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

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

 

 

Collateral Shortfall Total

13,342.39

 

 

 

 

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Page 25 of 26

 


 

 

     

 

Supplemental Notes

 

 

None

 

 

 

 

 

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Page 26 of 26