EX-99.1 2 dma18b01_ex991-202511.htm dma18b01_ex991-202511.htm - Generated by SEC Publisher for SEC Filing

 

     

Distribution Date:

11/18/25

Benchmark 2018-B1 Mortgage Trust

Determination Date:

11/12/25

 

Next Distribution Date:

12/17/25

 

Record Date:

10/31/25

Commercial Mortgage Pass-Through Certificates

 

 

Series 2018-B1

August 2025 Revision

 

Master Servicer revised the August reporting to reflect an updated valuation amount and date on loans 309071003 and 309071005.

 

           

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

Trimont LLC

 

 

Exchangeable Certificate Detail

5-6

 

 

 

 

 

 

 

Attention: CMBS Servicing

 

trimont.commercial.servicing@cms.trimont.com

Exchangeable Certificate Factor Detail

7

 

 

 

 

 

 

 

550 S. Tryon Street, Suite 2400 | Charlotte, NC 28202 | United States

 

Additional Information

8

Special Servicer

LNR Partners,LLC

 

 

Bond / Collateral Reconciliation - Cash Flows

9

 

Heather Bennett and Arne Shulkin

 

hbennett@starwood.com; ashulkin@lnrpartners.com;

Bond / Collateral Reconciliation - Balances

10

 

 

 

lnr.cmbs.notices@lnrproperty.com

 

 

 

2340 Collins Avenue, Suite 700 | Miami Beach, FL 33139 | United States

 

Current Mortgage Loan and Property Stratification

11-15

 

 

 

 

 

 

Operating Advisor & Asset

Park Bridge Lender Services LLC

 

 

Mortgage Loan Detail (Part 1)

16-17

Representations Reviewer

 

 

 

Mortgage Loan Detail (Part 2)

18-19

 

David Rodgers

(212) 230-9090

 

Principal Prepayment Detail

20

 

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

 

 

 

 

Certificate Administrator

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

 

 

Historical Detail

21

 

Bank, N.A.

 

 

Delinquency Loan Detail

22

 

Corporate Trust Services (CMBS)

 

cctcmbsbondadmin@computershare.com;

Collateral Stratification and Historical Detail

23

 

 

 

trustadministrationgroup@computershare.com

 

 

 

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

 

 

Specially Serviced Loan Detail - Part 1

24

Trustee

Wilmington Trust, National Association

 

 

Specially Serviced Loan Detail - Part 2

25-26

 

Attention: CMBS Trustee

(302) 636-4140

CMBSTrustee@wilmingtontrust.com

Modified Loan Detail

27

 

1100 North Market Street | Wilmington, DE 19890 | United States

 

 

Historical Liquidated Loan Detail

28

Rating Agency

Standard & Poor's Ratings Services

 

 

Historical Bond / Collateral Loss Reconciliation Detail

29

 

 

(416) 202-6001

 

Interest Shortfall Detail - Collateral Level

30

 

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

 

 

Supplemental Notes

31

Rating Agency

Kroll Bond Rating Agency, Inc.

 

 

 

 

 

general

(212) 702-0707

 

 

 

 

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

 

 

 

 

Rating Agency

Fitch Ratings, Inc.

 

 

 

 

 

 

(212) 908-0500

 

 

 

 

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

 

 

 

 

Controlling Class

Eightfold Real Estate Capital, L.P.

 

 

 

 

Representative

 

 

 

 

 

 

-

 

 

 

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.

   

© 2021 Computershare. All rights reserved. Confidential.

Page 1 of 31

 


 

 

                         

 

 

 

 

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

08162PAS0

2.560000%

18,703,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-2

08162PAT8

3.571000%

157,629,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-3

08162PAU5

3.355000%

49,272,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-SB

08162PAV3

3.602000%

40,449,000.00

17,339,790.18

918,431.28

52,048.27

0.00

0.00

970,479.55

16,421,358.90

42.62%

30.00%

A-4

08162PAW1

3.402000%

135,000,000.00

51,220,919.86

0.00

145,211.31

0.00

0.00

145,211.31

51,220,919.86

42.62%

30.00%

A-5

08162PAX9

3.666000%

387,112,000.00

387,112,000.00

0.00

1,182,627.16

0.00

0.00

1,182,627.16

387,112,000.00

42.62%

30.00%

A-M

08162PAZ4

3.878000%

97,114,000.00

97,114,000.00

0.00

313,840.08

0.00

0.00

313,840.08

97,114,000.00

30.37%

21.38%

B

08162PBA8

4.059000%

47,853,000.00

47,853,000.00

0.00

161,862.77

0.00

0.00

161,862.77

47,853,000.00

24.33%

17.13%

C

08162PBB6

4.342021%

52,075,000.00

52,075,000.00

0.00

188,425.62

0.00

0.00

188,425.62

52,075,000.00

17.76%

12.50%

D

08162PAG6

2.750000%

60,520,000.00

60,520,000.00

0.00

138,691.67

0.00

0.00

138,691.67

60,520,000.00

10.12%

7.13%

E

08162PAJ0

3.000000%

25,334,000.00

25,334,000.00

0.00

63,335.00

0.00

0.00

63,335.00

25,334,000.00

6.93%

4.88%

F-RR*

08162PAM3

4.342021%

14,074,000.00

14,074,000.00

0.00

50,924.67

0.00

0.00

50,924.67

14,074,000.00

5.15%

3.63%

G-RR

08162PAP6

4.342021%

40,816,346.00

40,816,159.56

0.00

31,741.20

0.00

0.00

31,741.20

40,816,159.56

0.00%

0.00%

S

08162PBC4

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

R

08162PAR2

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

VRR Interest

N/A

4.342021%

40,426,661.73

28,488,702.86

32,975.77

98,919.15

0.00

0.00

131,894.92

28,455,727.09

0.00%

0.00%

Regular SubTotal

 

1,166,378,007.73

821,947,572.46

951,407.05

2,427,626.90

0.00

0.00

3,379,033.95

820,996,165.41

 

 

 

 

X-A

08162PAY7

0.665246%

885,279,000.00

552,786,710.04

0.00

306,449.46

0.00

0.00

306,449.46

551,868,278.76

 

 

X-B

08162PAA9

0.283021%

47,853,000.00

47,853,000.00

0.00

11,286.17

0.00

0.00

11,286.17

47,853,000.00

 

 

X-D

08162PAC5

1.592021%

60,520,000.00

60,520,000.00

0.00

80,290.93

0.00

0.00

80,290.93

60,520,000.00

 

 

X-E

08162PAE1

1.342021%

25,334,000.00

25,334,000.00

0.00

28,332.30

0.00

0.00

28,332.30

25,334,000.00

 

 

Notional SubTotal

 

1,018,986,000.00

686,493,710.04

0.00

426,358.86

0.00

0.00

426,358.86

685,575,278.76

 

 

 

Deal Distribution Total

 

 

 

951,407.05

2,853,985.76

0.00

0.00

3,805,392.81

 

 

 

 

*

Denotes the Controlling Class (if required)

 

 

 

 

 

 

 

 

 

 

(1)

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

 

dividing the result by (A).

 

 

 

 

 

 

 

 

 

 

 

(2)

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

Page 2 of 31

 


 

 

                     

 

 

 

 

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

08162PAS0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-2

08162PAT8

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-3

08162PAU5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-SB

08162PAV3

428.68279018

22.70590818

1.28676284

0.00000000

0.00000000

0.00000000

0.00000000

23.99267102

405.97688200

A-4

08162PAW1

379.41422119

0.00000000

1.07563933

0.00000000

0.00000000

0.00000000

0.00000000

1.07563933

379.41422119

A-5

08162PAX9

1,000.00000000

0.00000000

3.05500000

0.00000000

0.00000000

0.00000000

0.00000000

3.05500000

1,000.00000000

A-M

08162PAZ4

1,000.00000000

0.00000000

3.23166670

0.00000000

0.00000000

0.00000000

0.00000000

3.23166670

1,000.00000000

B

08162PBA8

1,000.00000000

0.00000000

3.38249995

0.00000000

0.00000000

0.00000000

0.00000000

3.38249995

1,000.00000000

C

08162PBB6

1,000.00000000

0.00000000

3.61835084

0.00000000

0.00000000

0.00000000

0.00000000

3.61835084

1,000.00000000

D

08162PAG6

1,000.00000000

0.00000000

2.29166672

0.00000000

0.00000000

0.00000000

0.00000000

2.29166672

1,000.00000000

E

08162PAJ0

1,000.00000000

0.00000000

2.50000000

0.00000000

0.00000000

0.00000000

0.00000000

2.50000000

1,000.00000000

F-RR

08162PAM3

1,000.00000000

0.00000000

3.61835086

0.00000000

0.00000000

0.00000000

0.00000000

3.61835086

1,000.00000000

G-RR

08162PAP6

999.99543222

0.00000000

0.77765903

2.84067515

68.40872233

0.00000000

0.00000000

0.77765903

999.99543222

S

08162PBC4

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

R

08162PAR2

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

VRR Interest

N/A

704.70084941

0.81569362

2.44687901

0.10297610

2.47985354

0.00000000

0.00000000

3.26257263

703.88515579

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

08162PAY7

624.42090012

0.00000000

0.34616145

0.00000000

0.00000000

0.00000000

0.00000000

0.34616145

623.38345173

X-B

08162PAA9

1,000.00000000

0.00000000

0.23585083

0.00000000

0.00000000

0.00000000

0.00000000

0.23585083

1,000.00000000

X-D

08162PAC5

1,000.00000000

0.00000000

1.32668424

0.00000000

0.00000000

0.00000000

0.00000000

1.32668424

1,000.00000000

X-E

08162PAE1

1,000.00000000

0.00000000

1.11835083

0.00000000

0.00000000

0.00000000

0.00000000

1.11835083

1,000.00000000

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

Page 3 of 31

 


 

 

                         

 

 

 

 

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-SB

10/01/25 - 10/30/25

30

0.00

52,048.27

0.00

52,048.27

0.00

0.00

0.00

52,048.27

0.00

 

A-4

10/01/25 - 10/30/25

30

0.00

145,211.31

0.00

145,211.31

0.00

0.00

0.00

145,211.31

0.00

 

A-5

10/01/25 - 10/30/25

30

0.00

1,182,627.16

0.00

1,182,627.16

0.00

0.00

0.00

1,182,627.16

0.00

 

X-A

10/01/25 - 10/30/25

30

0.00

306,449.46

0.00

306,449.46

0.00

0.00

0.00

306,449.46

0.00

 

X-B

10/01/25 - 10/30/25

30

0.00

11,286.17

0.00

11,286.17

0.00

0.00

0.00

11,286.17

0.00

 

X-D

10/01/25 - 10/30/25

30

0.00

80,290.93

0.00

80,290.93

0.00

0.00

0.00

80,290.93

0.00

 

X-E

10/01/25 - 10/30/25

30

0.00

28,332.30

0.00

28,332.30

0.00

0.00

0.00

28,332.30

0.00

 

A-M

10/01/25 - 10/30/25

30

0.00

313,840.08

0.00

313,840.08

0.00

0.00

0.00

313,840.08

0.00

 

B

10/01/25 - 10/30/25

30

0.00

161,862.77

0.00

161,862.77

0.00

0.00

0.00

161,862.77

0.00

 

C

10/01/25 - 10/30/25

30

0.00

188,425.62

0.00

188,425.62

0.00

0.00

0.00

188,425.62

0.00

 

D

10/01/25 - 10/30/25

30

0.00

138,691.67

0.00

138,691.67

0.00

0.00

0.00

138,691.67

0.00

 

E

10/01/25 - 10/30/25

30

0.00

63,335.00

0.00

63,335.00

0.00

0.00

0.00

63,335.00

0.00

 

F-RR

10/01/25 - 10/30/25

30

0.00

50,924.67

0.00

50,924.67

0.00

0.00

0.00

50,924.67

0.00

 

G-RR

10/01/25 - 10/30/25

30

2,676,248.10

147,687.19

0.00

147,687.19

115,945.98

0.00

0.00

31,741.20

2,792,194.08

 

VRR Interest

10/01/25 - 10/30/25

30

96,089.22

103,082.12

0.00

103,082.12

4,162.98

0.00

0.00

98,919.15

100,252.20

 

Totals

 

 

2,772,337.32

2,974,094.72

0.00

2,974,094.72

120,108.96

0.00

0.00

2,853,985.76

2,892,446.28

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

Page 4 of 31

 


 

 

                       

 

 

 

 

Exchangeable Certificate Detail

 

 

 

 

 

 

 

Pass-Through

Maximum Initial

 

 

 

Prepayment

 

 

 

 

Class

CUSIP

Rate

         Balance

     Beginning Balance                          Principal Distribution                 Interest Distribution

Penalties

 

           Losses

Total Distribution

Ending Balance

Regular Interest

 

 

 

 

 

 

 

 

 

 

 

V1-A1 (Cert)

08162PBE0

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A1 (EC)

N/A

N/A

671,520.89

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A2 (Cert)

08162PBF7

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A2 (EC)

N/A

N/A

5,659,582.26

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A3 (Cert)

08162PBG5

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A3 (EC)

N/A

N/A

1,769,083.97

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-ASB (Cert)

08162PBH3

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-ASB (EC)

N/A

4.342021%

1,452,299.02

622,575.60

32,975.77

2,252.70

0.00

 

0.00

35,228.47

589,599.83

V1-A4 (Cert)

08162PBJ9

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A4 (EC)

N/A

4.342021%

4,847,100.50

1,839,058.86

0.00

6,654.36

0.00

 

0.00

6,654.36

1,839,058.86

V1-A5 (Cert)

08162PBK6

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A5 (EC)

N/A

4.342021%

13,899,042.74

13,899,042.74

0.00

50,291.61

0.00

 

0.00

50,291.61

13,899,042.74

V1-AM (Cert)

08162PBL4

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-AM (EC)

N/A

4.342021%

3,486,824.58

3,486,824.58

0.00

12,616.55

0.00

 

0.00

12,616.55

3,486,824.58

V1-B (Cert)

08162PBM2

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-B (EC)

N/A

4.342021%

1,718,135.56

1,718,135.56

0.00

6,216.82

0.00

 

0.00

6,216.82

1,718,135.56

V1-C (Cert)

08162PBN0

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-C (EC)

N/A

4.342021%

1,869,724.14

1,869,724.14

0.00

6,765.32

0.00

 

0.00

6,765.32

1,869,724.14

V1-D (Cert)

08162PBP5

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-D (EC)

N/A

4.342021%

2,172,937.20

2,172,937.20

0.00

7,862.45

0.00

 

0.00

7,862.45

2,172,937.20

V1-E (Cert)

08162PBQ3

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-E (EC)

N/A

4.342021%

909,603.29

909,603.29

0.00

3,291.26

0.00

 

0.00

3,291.26

909,603.29

V1-F (Cert)

08162PBR1

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-F (EC)

N/A

4.342021%

505,319.20

505,319.20

0.00

1,828.42

0.00

 

0.00

1,828.42

505,319.20

V1-G (Cert)

08162PBS9

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-G (EC)

N/A

4.342021%

1,465,488.38

1,465,481.69

0.00

1,139.65

0.00

 

0.00

1,139.65

1,465,481.69

Regular Interest Total

 

 

40,426,661.73

28,488,702.86

32,975.77

98,919.14

0.00

 

0.00

131,894.91

28,455,727.09

 

 

 

 

 

 

 

 

 

Exchangeable Certificate Detail continued to next page

Exchangeable Certificate Details

 

 

 

 

 

 

 

 

 

 

V1-A1

08162PBE0

N/A

671,520.89

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A2

08162PBF7

N/A

5,659,582.26

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A3

08162PBG5

N/A

1,769,083.97

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-ASB

08162PBH3

N/A

1,452,299.02

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A4

08162PBJ9

N/A

4,847,100.50

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

 

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Page 5 of 31

 


 

 

                         

 

 

 

 

Exchangeable Certificate Detail

 

 

 

 

 

 

 

 

Pass-Through

Maximum Initial

 

 

 

   Prepayment

 

 

 

 

 

Class

CUSIP

Rate

   Balance

   Beginning Balance                             Principal Distribution                 Interest Distribution

   Penalties

 

      Losses

 

Total Distribution

Ending Balance

Exchangeable Certificate Details

 

 

 

 

 

 

 

 

 

 

 

V1-A5

08162PBK6

N/A

13,899,042.74

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-AM

08162PBL4

N/A

3,486,824.58

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-B

08162PBM2

N/A

1,718,135.56

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-C

08162PBN0

N/A

1,869,724.14

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-D

08162PBP5

N/A

2,172,937.20

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-E

08162PBQ3

N/A

909,603.29

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-F

08162PBR1

N/A

505,319.20

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-G

08162PBS9

N/A

1,465,488.38

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V2

08162PBD2

4.342021%

40,426,661.73

28,488,702.86

32,975.77

98,919.15

0.00

 

0.00

 

131,894.92

28,455,727.09

Exchangeable Certificates Total

 

80,853,323.46

28,488,702.86

32,975.77

98,919.15

0.00

 

0.00

 

131,894.92

28,455,727.09

 

 

 

 

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Page 6 of 31

 


 

 

                     

 

 

 

Exchangeable 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

 

 

 

 

 

 

 

 

 

V1-A1

08162PBE0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-A2

08162PBF7

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-A3

08162PBG5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-ASB

08162PBH3

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-A4

08162PBJ9

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-A5

08162PBK6

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-AM

08162PBL4

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-B

08162PBM2

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-C

08162PBN0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-D

08162PBP5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-E

08162PBQ3

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-F

08162PBR1

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-G

08162PBS9

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V2

08162PBD2

704.70084941

0.81569362

2.44687901

0.10297610

2.47985354

0.00000000

0.00000000

3.26257263

703.88515579

 

 

 

 

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Page 7 of 31

 


 

 

     

 

Additional Information

 

Total Available Distribution Amount (1)

3,805,392.81

 

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

 

 

 

 

 

 

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Page 8 of 31

 


 

 

       

Bond / Collateral Reconciliation - Cash Flows

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest

 

Fees

 

Interest Paid or Advanced

2,985,899.42

Master Servicing Fee

5,826.68

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

3,956.73

Interest Adjustments

0.00

Trustee Fee

290.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

353.89

ARD Interest

0.00

Operating Advisor Fee

1,377.39

Net Prepayment Interest Excess / (Shortfall)

0.00

Asset Representations Reviewer Fee

0.00

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

 

 

Total Interest Collected

2,985,899.42

Total Fees

11,804.69

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

671,678.05

Reimbursement for Interest on Advances

0.00

Unscheduled Principal Collections

 

ASER Amount

81,029.17

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

29,599.79

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

279,729.00

Rating Agency Expenses

0.00

Principal Adjustments

0.00

Taxes Imposed on Trust Fund

0.00

 

 

Non-Recoverable Advances

0.00

 

 

Workout Delayed Reimbursement Amounts

0.00

 

 

Other Expenses

9,480.00

Total Principal Collected

951,407.05

Total Expenses/Reimbursements

120,108.96

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

2,853,985.76

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

951,407.05

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

0.00

 

 

Borrower Option Extension Fees

0.00

Total Other Collected

0.00

Total Payments to Certificateholders and Others

3,805,392.81

Total Funds Collected

3,937,306.47

Total Funds Distributed

3,937,306.46

 

 

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Page 9 of 31

 


 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

        Total

 

          Total

Beginning Scheduled Collateral Balance

821,947,572.46

821,947,572.46

Beginning Certificate Balance

821,947,572.46

(-) Scheduled Principal Collections

671,678.05

671,678.05

(-) Principal Distributions

951,407.05

(-) Unscheduled Principal Collections

279,729.00

279,729.00

(-) 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

820,996,165.41

820,996,165.41

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

822,407,426.90

822,407,426.90

Ending Certificate Balance

820,996,165.41

Ending Actual Collateral Balance

821,493,343.46

821,493,343.46

 

 

 

 

 

 

 

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

4.34%

 

 

 

 

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 10 of 31

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

Scheduled Balance

 

 

 

 

 

Debt Service Coverage Ratio¹

 

 

 

 

Scheduled

# Of

Scheduled

% Of

 

 

Weighted Avg

Debt Service Coverage

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Balance

Loans

Balance

Agg. Bal.

 

 

DSCR¹

Ratio

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

4

65,364,042.13

7.96%

24

3.8607

NAP

Defeased

4

65,364,042.13

7.96%

24

3.8607

NAP

 

7,499,999 or less

11

51,982,604.59

6.33%

24

4.7431

1.925118

1.44 or less

15

274,385,906.63

33.42%

23

4.3452

0.770385

7,500,000 to 14,999,999

12

145,256,469.73

17.69%

21

4.5346

1.118438

1.45 to 1.49

2

16,737,607.84

2.04%

22

4.4495

1.484794

15,000,000 to 24,999,999

3

62,346,967.05

7.59%

25

4.1311

2.946639

1.50 to 1.74

4

33,391,021.68

4.07%

23

4.5769

1.596134

25,000,000 to 49,999,999

9

324,313,561.32

39.50%

24

4.1526

1.779408

1.75 to 1.99

4

111,655,931.28

13.60%

24

4.3677

1.882054

 

50,000,000 or greater

3

171,732,520.59

20.92%

25

4.0840

2.568792

2.00 to 2.49

5

133,470,621.36

16.26%

24

4.1935

2.163587

 

Totals

42

820,996,165.41

100.00%

24

4.2183

2.000042

2.50 to 3.49

6

115,991,034.49

14.13%

25

4.1111

2.786288

 

 

 

 

 

 

 

 

3.50 and greater

2

70,000,000.00

8.53%

25

3.8156

5.040643

 

 

 

 

 

 

 

 

Totals

42

820,996,165.41

100.00%

24

4.2183

2.000042

(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 31

 


 

 

                           

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

 

State³

 

 

 

 

 

State³

 

 

 

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

# Of

Scheduled

% Of

 

 

Weighted Avg

State

 

 

 

WAM²

WAC

 

State

 

 

 

WAM²

WAC

 

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

Defeased

3

65,364,042.13

7.96%

24

3.8607

NAP

Wisconsin

2

7,093,118.61

0.86%

26

4.6766

1.362391

Arizona

1

237,693.28

0.03%

19

4.4860

1.077700

Wyoming

1

142,313.17

0.02%

19

4.4860

1.077700

Arkansas

1

48,298.02

0.01%

19

4.4860

1.077700

Totals

113

820,996,165.41

100.00%

24

4.2183

2.000042

California

17

145,674,790.83

17.74%

25

4.2316

2.487099

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Type³

 

 

 

Connecticut

2

14,147,317.77

1.72%

25

4.2193

1.197104

 

 

 

 

 

 

 

Florida

3

20,014,021.11

2.44%

23

4.6148

1.772606

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

 

 

Property Type

 

 

 

WAM²

WAC

 

Illinois

7

60,170,846.70

7.33%

24

4.6485

1.621716

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

Indiana

5

941,689.30

0.11%

19

4.4860

1.077700

Defeased

3

65,364,042.13

7.96%

24

3.8607

NAP

Iowa

2

2,405,109.81

0.29%

20

4.6125

1.589200

Lodging

76

111,202,344.18

13.54%

23

4.6551

1.344629

Kentucky

1

249,805.04

0.03%

19

4.4860

1.077700

Mixed Use

6

197,324,719.45

24.03%

24

4.0557

3.131589

Louisiana

1

4,595,459.53

0.56%

25

5.4160

1.426200

Mobile Home Park

1

3,979,994.19

0.48%

25

4.5000

3.246600

Maryland

3

6,658,807.11

0.81%

20

4.5291

1.348780

Multi-Family

2

76,306,788.64

9.29%

25

4.1659

2.339266

Massachusetts

1

50,000,000.00

6.09%

26

3.9000

5.548900

Office

11

207,654,129.28

25.29%

24

4.1196

1.127223

Michigan

4

41,004,728.78

4.99%

25

4.3179

2.031288

Retail

10

147,772,924.66

18.00%

22

4.3857

1.196000

Minnesota

6

35,714,121.25

4.35%

24

4.7390

0.833468

Self Storage

4

11,391,222.93

1.39%

26

4.7068

2.007170

New Jersey

5

83,613,341.97

10.18%

20

4.1804

0.422873

Totals

113

820,996,165.41

100.00%

24

4.2183

2.000042

New York

3

119,000,000.00

14.49%

23

3.8763

1.002482

 

 

 

 

 

 

 

North Carolina

4

38,756,849.23

4.72%

25

4.6135

1.558168

 

 

 

 

 

 

 

Ohio

5

16,111,128.40

1.96%

25

4.4686

1.081633

 

 

 

 

 

 

 

Oklahoma

2

186,999.99

0.02%

19

4.4860

1.077700

 

 

 

 

 

 

 

Oregon

1

305,821.93

0.04%

19

4.4860

1.077700

 

 

 

 

 

 

 

Pennsylvania

8

68,720,228.89

8.37%

24

4.2171

1.831935

 

 

 

 

 

 

 

Texas

21

38,651,166.23

4.71%

26

4.0324

2.556683

 

 

 

 

 

 

 

Virginia

2

466,302.73

0.06%

19

4.4860

1.077700

 

 

 

 

 

 

 

Washington

2

722,163.65

0.09%

19

4.4860

1.077700

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 12 of 31

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

Note Rate

 

 

 

 

 

Seasoning

 

 

 

 

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

Note Rate

 

 

 

WAM²

WAC

 

Seasoning

 

 

 

WAM²

WAC

 

 

 

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

4

65,364,042.13

7.96%

24

3.8607

NAP

Defeased

4

65,364,042.13

7.96%

24

3.8607

NAP

 

3.9999% or less

6

214,000,000.00

26.07%

25

3.8558

3.027678

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

4.0000% to 4.2499%

5

205,186,469.94

24.99%

24

4.1523

1.352303

13 months to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.2500% to 4.4999%

9

150,826,996.81

18.37%

22

4.3702

1.735901

25 months to 36 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.5000% to 4.7499%

10

131,271,538.25

15.99%

24

4.6275

1.580125

37 months to 48 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.7500% to 4.9999%

7

49,751,658.75

6.06%

25

4.8694

1.271938

49 months or greater

38

755,632,123.28

92.04%

24

4.2493

1.938084

 

5.0000% or greater

1

4,595,459.53

0.56%

25

5.4160

1.426200

Totals

42

820,996,165.41

100.00%

24

4.2183

2.000042

 

Totals

42

820,996,165.41

100.00%

24

4.2183

2.000042

 

 

 

 

 

 

 

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 13 of 31

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

Anticipated Remaining Term (ARD and Balloon Loans)

 

 

 

Remaining Amortization Term (ARD and Balloon Loans)

 

 

 

Anticipated

# Of

Scheduled

% Of

 

 

Weighted Avg

Remaining

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Remaining Term

Loans

Balance

Agg. Bal.

 

 

DSCR¹

Amortization Term

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

4

65,364,042.13

7.96%

24

3.8607

NAP

Defeased

4

65,364,042.13

7.96%

24

3.8607

NAP

 

60 months or less

38

755,632,123.28

92.04%

24

4.2493

1.938084

Interest Only

12

404,765,540.05

49.30%

24

4.0777

2.237351

 

61 to 84 months

0

0.00

0.00%

0

0.0000

0.000000

299 months or less

26

350,866,583.23

42.74%

23

4.4472

1.592844

 

85 months or greater

0

0.00

0.00%

0

0.0000

0.000000

300 months to 350 months

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

42

820,996,165.41

100.00%

24

4.2183

2.000042

351 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

42

820,996,165.41

100.00%

24

4.2183

2.000042

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 14 of 31

 


 

 

                         

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

Age of Most Recent NOI

 

 

 

 

Remaining Stated Term (Fully Amortizing Loans)

 

 

Age of Most

# Of

Scheduled

% Of

 

 

Weighted Avg

Age of Most

# Of

Scheduled

% Of

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

WAM²

WAC

 

Recent NOI

Loans

Balance

Agg. Bal.

 

 

DSCR¹

Recent NOI

Loans

Balance

Agg. Bal.

DSCR¹

 

Defeased

4

65,364,042.13

7.96%

24

3.8607

NAP

 

 

No outstanding loans in this group

 

Underwriter's Information

3

42,137,086.62

5.13%

24

4.0752

2.574284

 

 

 

 

 

 

12 months or less

34

706,524,549.60

86.06%

24

4.2554

1.905771

 

 

 

 

 

 

13 months to 24 months

1

6,970,487.06

0.85%

26

4.6800

1.367400

 

 

 

 

 

 

25 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

42

820,996,165.41

100.00%

24

4.2183

2.000042

 

 

 

 

 

(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 15 of 31

 


 

 

                               

 

 

 

 

 

 

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

1

309630001

OF

Jersey City

NJ

Actual/360

4.140%

249,550.00

0.00

0.00

N/A

11/01/27

--

70,000,000.00

70,000,000.00

07/01/25

2

309630002

MU

Santa Clarita

CA

Actual/360

4.186%

186,822.86

96,333.37

0.00

N/A

12/06/27

--

51,828,853.96

51,732,520.59

11/06/25

5

309071003

OF

New York

NY

Actual/360

3.605%

93,117.35

0.00

0.00

N/A

11/06/27

--

30,000,000.00

30,000,000.00

11/06/25

5A

309071005

 

 

 

Actual/360

3.605%

62,078.23

0.00

0.00

N/A

11/06/27

--

20,000,000.00

20,000,000.00

11/06/25

6

309630006

OF

Washington

DC

Actual/360

3.600%

124,000.00

0.00

0.00

N/A

11/01/27

08/01/27

40,000,000.00

40,000,000.00

11/01/25

6A

309630106

 

 

 

Actual/360

3.600%

31,000.00

0.00

0.00

N/A

11/01/27

08/01/27

10,000,000.00

10,000,000.00

11/01/25

7

309630007

MU

Chestnut Hill

MA

Actual/360

3.900%

167,916.67

0.00

0.00

N/A

01/01/28

--

50,000,000.00

50,000,000.00

11/01/25

9

304101945

MF

Ann Arbor

MI

Actual/360

4.315%

150,022.62

68,604.29

0.00

N/A

12/06/27

--

40,375,392.93

40,306,788.64

11/06/25

10

309630010

LO

Chicago

IL

Actual/360

4.597%

174,175.22

0.00

0.00

N/A

11/01/27

--

44,000,000.00

44,000,000.00

11/01/25

11

656120744

MU

West Hollywood

CA

Actual/360

3.900%

144,408.33

0.00

0.00

N/A

12/06/27

--

43,000,000.00

43,000,000.00

11/06/25

13

309630013

RT

Whitehall

PA

Actual/360

4.056%

124,035.62

77,837.13

0.00

N/A

11/01/27

--

35,513,156.14

35,435,319.01

11/01/25

14

656120741

LO

Rochester

MN

Actual/360

4.741%

108,732.42

62,147.53

0.00

N/A

11/06/27

--

26,633,601.20

26,571,453.67

11/06/25

14A

656120743

 

 

 

Actual/360

4.741%

36,244.14

20,715.85

0.00

N/A

11/06/27

--

8,877,866.64

8,857,150.79

11/06/25

15

309630015

MF

Midland

TX

Actual/360

3.999%

123,969.00

0.00

0.00

N/A

01/06/28

--

36,000,000.00

36,000,000.00

11/06/25

16

309630016

MU

New York

NY

Actual/360

3.950%

119,048.61

0.00

0.00

N/A

08/01/27

--

35,000,000.00

35,000,000.00

11/01/25

17

309630017

RT

New York

NY

Actual/360

4.200%

122,966.67

0.00

0.00

12/06/27

12/06/29

--

34,000,000.00

34,000,000.00

03/06/25

19

309630019

RT

Monroeville

PA

Actual/360

4.340%

49,704.47

19,906.76

0.00

N/A

10/06/27

--

13,299,842.16

13,279,935.40

11/06/25

19A

309630119

 

 

 

Actual/360

4.340%

49,704.47

19,906.75

0.00

N/A

10/06/27

--

13,299,842.58

13,279,935.83

11/06/25

20

304101958

OF

Ventura

CA

Actual/360

4.425%

84,591.25

0.00

0.00

N/A

01/06/28

--

22,200,000.00

22,200,000.00

11/06/25

21

656120750

OF

Raleigh

NC

Actual/360

4.330%

75,231.81

29,933.05

0.00

N/A

12/06/27

--

20,176,900.10

20,146,967.05

11/06/25

23

304101956

RT

Raleigh

NC

Actual/360

4.930%

59,796.73

24,612.71

0.00

N/A

01/06/28

--

14,085,468.99

14,060,856.28

11/06/25

24

304101974

OF

Stamford

CT

Actual/360

4.217%

50,982.04

21,293.56

0.00

N/A

12/06/27

--

14,039,923.90

14,018,630.34

11/06/25

26

309630026

LO

Various

Various

Actual/360

4.530%

53,960.29

20,276.24

0.00

N/A

07/06/27

--

13,833,015.90

13,812,739.66

11/06/25

27

309630027

LO

Various

Various

Actual/360

4.486%

52,710.92

279,729.00

0.00

N/A

06/01/27

--

13,645,269.05

13,365,540.05

11/01/25

28

309630028

OF

Palm Beach Gardens

FL

Actual/360

4.510%

46,972.88

21,509.87

0.00

N/A

10/06/27

--

12,095,155.09

12,073,645.22

11/06/25

30

309630030

OF

Dublin

OH

Actual/360

4.430%

46,998.87

17,828.09

0.00

N/A

01/06/28

--

12,320,391.28

12,302,563.19

11/06/25

31

304101959

RT

Oak Park

IL

Actual/360

4.820%

46,026.73

21,285.26

0.00

N/A

01/06/28

--

11,089,292.72

11,068,007.46

05/06/24

32

309630032

MU

San Diego

CA

Actual/360

4.855%

43,518.52

17,200.90

0.00

N/A

12/06/27

--

10,409,399.76

10,392,198.86

11/06/25

 

 

 

 

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Page 16 of 31

 


 

 

                               

 

 

 

 

 

 

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

33

309630033

RT

Montague

NJ

Actual/360

4.310%

32,516.61

16,038.35

0.00

N/A

11/01/24

--

8,761,305.00

8,745,266.65

04/01/25

36

309630036

OF

Grandview Heights

OH

Actual/360

4.360%

30,712.93

13,943.79

0.00

N/A

10/06/27

07/06/27

8,180,420.33

8,166,476.54

11/06/25

37

309630037

LO

Glenwood Springs

CO

Actual/360

5.105%

31,698.69

13,282.99

0.00

N/A

12/01/27

--

7,210,848.58

7,197,565.59

11/01/25

38

304101951

RT

Appleton

WI

Actual/360

4.680%

28,146.33

13,714.27

0.00

N/A

01/06/28

--

6,984,201.33

6,970,487.06

11/06/25

39

656120772

OF

Various

Various

Actual/360

4.612%

27,494.54

9,983.05

0.00

N/A

07/06/27

--

6,922,306.53

6,912,323.48

11/06/25

40

656120773

MU

Oakland

CA

Actual/360

4.490%

27,838.00

0.00

0.00

N/A

09/06/27

--

7,200,000.00

7,200,000.00

11/06/25

42

309630042

LO

Chalmette

LA

Actual/360

5.416%

21,491.05

12,617.50

0.00

N/A

12/01/27

--

4,608,077.03

4,595,459.53

11/01/25

43

656120753

RT

Concord

NC

Actual/360

4.910%

18,410.16

12,672.42

0.00

N/A

12/06/27

--

4,354,284.43

4,341,612.01

11/06/25

44

304101946

SS

Miami

FL

Actual/360

4.700%

18,178.08

8,791.09

0.00

N/A

01/06/28

--

4,491,494.97

4,482,703.88

11/06/25

45

656120756

MH

Sun City

CA

Actual/360

4.500%

15,453.89

8,106.98

0.00

N/A

12/06/27

--

3,988,101.17

3,979,994.19

11/06/25

46

407004702

RT

Callahan

FL

Actual/360

4.870%

14,529.03

6,891.61

0.00

N/A

06/06/27

--

3,464,563.62

3,457,672.01

11/06/25

47

304101953

SS

Various

PA

Actual/360

4.630%

14,420.03

5,771.69

0.00

N/A

01/06/28

--

3,616,811.99

3,611,040.30

11/06/25

48

304101947

SS

Frankfort

IL

Actual/360

4.800%

13,650.68

5,106.11

0.00

N/A

01/06/28

--

3,302,584.86

3,297,478.75

11/06/25

49

407004713

RT

Ontario

CA

Actual/360

4.836%

13,072.68

5,366.84

0.00

N/A

07/06/27

--

3,139,200.22

3,133,833.38

11/06/25

Totals

 

 

 

 

 

 

2,985,899.42

951,407.05

0.00

 

 

 

821,947,572.46

820,996,165.41

 

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 17 of 31

 


 

 

                           

 

 

 

 

 

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

 

1

13,132,148.43

3,539,935.00

01/01/25

06/30/25

--

0.00

0.00

248,675.97

988,954.16

0.00

0.00

 

 

2

8,696,174.52

4,202,991.85

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5

0.00

5,991,216.00

01/01/25

06/30/25

08/06/25

12,929,823.73

0.00

0.00

0.00

0.00

0.00

 

 

5A

0.00

0.00

--

--

08/06/25

8,619,882.49

0.00

0.00

0.00

0.00

0.00

 

 

6

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

6A

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

7

11,005,942.00

8,356,433.24

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

9

5,321,332.33

4,132,673.86

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

10

6,727,063.00

6,953,149.56

07/01/24

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

11

4,610,047.24

3,517,065.45

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

13

23,161,165.75

11,646,868.19

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

14

9,999,947.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

14A

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

15

3,877,650.19

2,983,858.79

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

16

7,488,849.00

3,603,098.15

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

17

1,519,702.00

0.00

--

--

11/13/25

13,490,906.37

1,467,098.92

73,849.10

735,158.22

2,025,024.19

0.00

 

 

19

5,668,008.00

3,009,213.00

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

19A

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

20

2,531,985.00

1,717,715.00

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

21

2,695,695.81

1,278,978.31

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

23

1,353,925.00

605,544.00

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

24

4,277,209.00

3,897,952.00

07/01/24

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

26

6,712,913.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

27

35,623,487.66

0.00

--

--

10/14/25

948,404.76

0.00

0.00

0.00

0.00

0.00

 

 

28

1,583,800.42

1,332,603.17

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

30

1,066,499.38

744,234.88

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

31

381,668.00

488,225.00

10/01/24

09/30/25

11/13/25

3,127,297.71

857,480.89

54,220.34

949,138.08

261,430.22

0.00

 

 

32

1,158,736.45

756,539.02

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

 

 

 

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Page 18 of 31

 


 

 

                           

 

 

 

 

 

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

 

33

0.00

(1,047,422.00)

07/01/24

06/30/25

11/13/25

5,262,859.71

81,110.70

28,825.77

256,417.27

109,354.50

0.00

 

 

36

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

37

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

38

723,608.36

361,800.30

01/01/24

06/30/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

39

698,733.66

371,740.60

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

40

807,320.91

674,991.54

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

42

0.00

659,671.64

07/01/24

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

43

628,257.06

315,926.70

01/01/25

06/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

44

511,727.32

354,395.25

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

45

1,160,089.37

721,324.34

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

46

503,849.00

324,831.77

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

47

623,977.48

465,472.89

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

48

486,852.69

384,639.74

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

49

525,093.67

358,119.60

01/01/25

09/30/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

Totals

165,263,458.70

72,703,786.84

 

 

 

44,379,174.77

2,405,690.51

405,571.18

2,929,667.73

2,395,808.91

0.00

 

 

 

 

 

 

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Page 19 of 31

 


 

 

           

 

 

Principal Prepayment Detail

 

 

 

 

 

Unscheduled Principal

Prepayment Penalties

Pros ID

Loan Number

        Amount

Prepayment / Liquidation Code

Prepayment Premium Amount

Yield Maintenance Amount

27

309630027

279,729.00

Partial Liquidation (Curtailment)

0.00

0.00

Totals

 

279,729.00

 

0.00

0.00

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

 

 

 

 

 

 

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Page 20 of 31

 


 

 

                                           

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/18/25

0

0.00

0

0.00

3

115,068,007.46

0

0.00

 

2

45,068,007.46

0

0.00

1

279,729.00

0

0.00

 

4.218337%

4.144660%

24

10/20/25

0

0.00

1

70,000,000.00

2

45,089,292.72

0

0.00

 

2

45,089,292.72

1

13,645,269.05

1

672,230.95

0

0.00

 

4.218634%

4.144928%

25

09/17/25

1

70,000,000.00

0

0.00

2

45,111,971.62

0

0.00

 

2

45,111,971.62

0

0.00

0

0.00

0

0.00

 

4.219071%

4.145248%

26

08/15/25

0

0.00

0

0.00

2

45,133,075.16

0

0.00

 

2

45,133,075.16

0

0.00

0

0.00

0

0.00

 

4.219274%

4.145485%

27

07/17/25

0

0.00

0

0.00

2

45,154,091.47

0

0.00

 

2

45,154,091.47

0

0.00

0

0.00

0

0.00

 

4.219475%

4.166943%

28

06/17/25

0

0.00

1

34,000,000.00

1

11,176,511.14

0

0.00

 

2

45,176,511.14

0

0.00

0

0.00

0

0.00

 

4.219690%

4.167176%

29

05/16/25

1

34,000,000.00

0

0.00

1

11,197,347.92

0

0.00

 

2

45,197,347.92

0

0.00

0

0.00

0

0.00

 

4.219889%

4.167393%

30

04/17/25

0

0.00

0

0.00

1

11,219,594.54

0

0.00

 

2

45,219,594.54

0

0.00

0

0.00

0

0.00

 

4.220101%

4.167624%

31

03/17/25

0

0.00

0

0.00

1

11,240,253.23

0

0.00

 

2

45,240,253.23

2

50,000,000.00

0

0.00

0

0.00

 

4.220298%

4.167838%

32

02/18/25

0

0.00

0

0.00

1

11,265,332.74

0

0.00

 

1

11,265,332.74

0

0.00

0

0.00

0

0.00

 

4.220537%

4.172420%

33

01/17/25

0

0.00

0

0.00

1

11,285,802.38

0

0.00

 

1

11,285,802.38

0

0.00

0

0.00

0

0.00

 

4.220731%

4.172628%

34

12/17/24

1

34,000,000.00

2

50,000,000.00

1

11,306,187.41

0

0.00

 

1

11,306,187.41

0

0.00

0

0.00

0

0.00

 

4.220924%

4.172835%

35

(1) Foreclosure and REO Totals are included in the delinquencies aging categories.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 21 of 31

 


 

 

                               

 

 

 

 

 

 

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

1

309630001

07/01/25

3

3

 

248,675.97

988,954.16

10,561.30

70,000,000.00

07/21/25

2

 

 

 

 

17

309630017

03/06/25

7

6

 

73,849.10

735,158.22

2,292,257.47

34,000,000.00

11/12/20

7

 

 

 

02/21/25

31

304101959

05/06/24

17

6

 

54,220.34

949,138.08

349,086.04

11,451,025.10

06/19/20

7

 

 

 

07/05/24

33

309630033

04/01/25

6

5

 

28,825.77

256,417.27

399,198.61

8,859,427.07

07/05/23

5

 

 

 

 

Totals

 

 

 

 

 

405,571.18

2,929,667.73

3,051,103.42

124,310,452.17

 

 

 

 

 

 

1 Mortgage Loan Status

 

 

 

 

 

 

2 Resolution Strategy Code

 

 

 

 

 

 

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

 

4 - Performing Matured Balloon

 

1 - Modification

6 - DPO

 

 

10 - Deed in Lieu of Foreclosures

B - Late Payment But Less Than 30 days

1 - 30-59 Days Delinquent

5 - Non Performing Matured Balloon

2 - Foreclosure

7 - REO

 

 

11- Full Payoff

 

Delinquent

 

 

 

 

 

 

 

3 - Bankruptcy

8 - Resolved

 

 

12 - Reps and Warranties

 

 

 

2 - 60-89 Days Delinquent

6 - 121+ Days Delinquent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4 - Extension

9 - Pending Return to Master Servicer

13 -

TBD

 

 

 

 

3 - 90-120 Days Delinquent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5 - Note Sale

98 - Other

 

 

 

 

 

 

 

 

 

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Page 22 of 31

 


 

 

                 

 

 

 

 

Collateral Stratification and Historical Detail

 

Maturity Dates and Loan Status¹

 

 

 

 

 

 

 

 

 

      Total

         Performing

Non-Performing

                 REO/Foreclosure

 

 

Past Maturity

 

8,745,267

0

8,745,267

 

0

 

0 - 6 Months

 

0

0

0

 

 

0

 

7 - 12 Months

 

0

0

0

 

 

0

 

13 - 24 Months

 

414,546,025

344,546,025

    70,000,000

0

 

25 - 36 Months

 

363,704,874

352,636,866

0

 

 

11,068,007

 

37 - 48 Months

 

0

0

0

 

 

0

 

49 - 60 Months

 

34,000,000

0

0

 

 

34,000,000

 

> 60 Months

 

0

0

0

 

 

0

 

 

 

 

 

Historical Delinquency Information

 

 

 

 

 

 

 

 

    Total

  Current

   30-59 Days

    60-89 Days

         90+ Days

     REO/Foreclosure

 

 

Nov-25

820,996,165

697,182,891

0

0

 

78,745,267

45,068,007

 

Oct-25

821,947,572

698,096,975

0

70,000,000

 

8,761,305

45,089,293

 

Sep-25

823,334,256

699,443,954

70,000,000

0

 

8,778,331

45,111,972

 

Aug-25

824,000,619

770,073,297

0

0

 

8,794,247

45,133,075

 

Jul-25

824,664,427

770,700,231

0

0

 

8,810,104

45,154,091

 

Jun-25

825,371,292

771,367,825

0

0

 

8,826,956

45,176,511

 

May-25

826,029,845

771,989,805

0

0

 

8,842,692

45,197,348

 

Apr-25

826,731,643

772,652,621

0

0

 

8,859,427

45,219,595

 

Mar-25

827,384,980

773,269,683

0

0

 

8,875,043

45,240,253

 

Feb-25

828,173,658

808,014,541

0

0

 

8,893,784

11,265,333

 

Jan-25

828,821,465

808,626,389

0

0

 

8,909,273

11,285,802

 

Dec-24

829,466,789

725,235,896

34,000,000

50,000,000

 

8,924,705

11,306,187

 

(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 23 of 31

 


 

 

                     

 

 

 

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

1

309630001

70,000,000.00

70,000,000.00

216,000,000.00

08/25/17

7,138,542.96

0.63650

06/30/25

11/01/27

I/O

5

309071003

30,000,000.00

30,000,000.00

390,000,000.00

04/01/25

12,081,733.92

0.35350

06/30/25

11/06/27

I/O

5A

309071005

20,000,000.00

20,000,000.00

 

--

87,292,647.00

3.77000

06/30/25

11/06/27

I/O

17

309630017

34,000,000.00

34,000,000.00

26,850,000.00

07/22/25

1,519,702.00

1.02980

06/30/25

12/06/29

I/O

27

309630027

13,365,540.05

13,365,540.05

547,200,000.00

04/01/25

35,623,487.66

1.35670

06/30/25

06/01/27

I/O

31

304101959

11,068,007.46

11,451,025.10

10,025,000.00

02/19/25

488,225.00

0.80590

09/30/25

01/06/28

265

33

309630033

8,745,266.65

8,859,427.07

3,800,000.00

04/21/25

(1,047,422.00)

(1.79760)

09/30/25

11/01/24

265

Totals

 

187,178,814.16

187,675,992.22

1,193,875,000.00

 

143,096,916.54

 

 

 

 

 

 

 

 

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Page 24 of 31

 


 

 

               

 

 

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

 

 

Servicing

 

 

 

 

 

Property

 

Transfer

 

Resolution

 

Pros ID

Loan ID

Type¹

State

Date

Strategy Code²

Special Servicing Comments

1

309630001

OF

NJ

07/21/25

 

2

 

 

Loan transferred on 7/21/25 for Imminent Default. Collateral consists of a ~432K SF office building ("Property") in Jersey City, NJ. The largest tenant, Lord Abbett (261K SF, 60% of NRA), vacated on 12/31/24. With Lord Abbett's departure, there

 

is an esti mated operating shortfall of ~$7MM for this year. Borrower will no longer fund shortfalls and would like to hand back the Property as soon as possible. Loan is due for the payment on 7/1/25. Notice of Default was sent on 8/21/25. Loan

 

was accelerated on 8 /28/25. Local counsel has been retained to file for foreclosure and receivership. Foreclosure was filed on 9/24/25. Lender will dual track the foreclosure process while discussing workout alternatives with Borrower.

 

5

309071003

OF

NY

09/13/24

 

9

 

 

Subject is a $940,000,000 note that is secured by a senior lien against a 49-story, 1,825,058 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Collateral also includes 254,554 square feet of amenity

 

space (r estaurant, retail, theater and parking garage). Capital stack includes mezzanine debt. The Cravath law firm lease expired on August 31, 2024, and the tenant vacated the collateral at said time. The Borrower does not have a replacement

 

tenant at this time for the Cravath space. The loss of this tenant causes operating shortfalls for the September 2024 and subsequent waterfalls. Note was transferred to the special servicer on September 13, 2024, due to imminent default.

 

Default notices were sent to the mezz anine lenders, and they have not responded within the required 30-day window. Loan was therefore modified to utilize loan reserves to fund shortfalls in the monthly operating expenses and debt service

 

waterfall through the senior secured debt. Nomura, a c urrent tenant, had an early termination option date on July 1, 2025 for a lease that expires in 2033. Nomura gave notice to terminate two floors. Borrower has resolved its partnership

 

disputes which have historically delayed negotiations for a resolution. An updated appraisal has been ordered. Draft term sheet was received from the Borrower for an A/B note modification. Special Servicer declined the proposed terms noting

 

that they were not market.

 

 

 

 

 

5A

309071005

Various

Various

09/13/24

 

9

 

 

Subject is a $940,000,000 note that is secured by a senior lien against a 49-story, 1,825,058 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Collateral also includes 254,554 square feet of amenity

 

space (r estaurant, retail, theater and parking garage). Capital stack includes mezzanine debt. The Cravath law firm lease expired on August 31, 2024, and the tenant vacated the collateral at said time. The Borrower does not have a replacement

 

tenant at this time for the Cravath space. The loss of this tenant causes operating shortfalls for the September 2024 and subsequent waterfalls. Note was transferred to the special servicer on September 13, 2024, due to imminent default.

 

Default notices were sent to the mezz anine lenders, and they have not responded within the required 30-day window. Loan was therefore modified to utilize loan reserves to fund shortfalls in the monthly operating expenses and debt service

 

waterfall through the senior secured debt. Nomura, a c urrent tenant, had an early termination option date on July 1, 2025 for a lease that expires in 2033. Nomura gave notice to terminate two floors. Borrower has resolved its partnership

 

disputes which have historically delayed negotiations for a resolution. An updated appraisal has been ordered. Draft term sheet was received from the Borrower for an A/B note modification. Special Servicer declined the proposed terms noting

 

that they were not market.

 

 

 

 

 

17

309630017

RT

NY

11/12/20

 

7

 

 

REO Title Date: February 21, 2025. Description of Collateral: The subject property is a retail condominium unit located at 156-168 Bleecker Street in New York, New York. More specially, the property is located on the southern blockfront of

 

Bleeker Stree t between Sullivan Street and Thompson Street, within the Greenwich Village neighborhood of Manhattan. The subject commercial unit consists of 27,541 SF of net rentable area, with 14,706 SF of ground floor level space and

 

12,835 square feet of selling bas ement space. It is currently configured as seven retail units and one residential unit (a fair market 2-bedroom apartment). Currently three of the retail units are occupied while the remaining four units are vacant.

 

The residential unit is vacant and cann ot be occupied without being renovated. Current occupancy is 80.1%. Crossed with or is a Companion Loan to: N/A. Deferred Maintenance/Repair Issues: Generally in Good condition. Leasing Summary:

 

Recently finalized a renewal with CVS. Evaluating LOI for end-cap. Colliers has been appointed as PM/easing agent. Marketing Summary: Asset is listed for sale with Marcus & Millichap/Mission Capital.

27

309630027

LO

Various

03/06/25

 

1

 

 

Loan transferred to Special Servicing effective 2/24/25 due to imminent default. Hello Letter was noticed and PNA has been executed. Collateral consists of a 65 mixed service hotels, totaling 6,366 keys. Loan is paid through 10/1/2025. A

 

Modification Agre ement was signed on 9/25/2025 which provides for the expedited sale of underperforming assets along with modifications to certain release provisions, cash-management terms and other terms to improve funding towards

 

operations at remaining portfolio.

 

 

 

 

 

 

31

304101959

RT

IL

06/19/20

 

7

 

 

Title Date: 7/5/24 Property Description: The property represents the retail component of a mixed-use high-rise development located at 1114-1126 Lake Street in Oak Park, Cook County, Illinois. The 0.80-acre site is along the northern side of

 

Lake Street ju st east of Harlem Avenue. The property was constructed in 2006 and include 63,010 square feet of gross leasable area. Leasing Summary: Fitness Formula Club occupies 47,074 square feet of space on floors one through three

 

with a base lease through May 20 27. There are five additional ground-level retail spaces that are currently vacant. The leasing agent on the property has been switched as of September 2024. The new leasing company is currently marketing the

 

vacancies. Negotiating a new lease with a cre dit tenant for 3,516 SF which is close to completion. The subject occupancy rate is 74.7% Marketing Summary: The property is not currently listed for sale but is being marketed for lease.

 

 

 

 

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Page 25 of 31

 


 

 

                 

 

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

 

 

 

Servicing

 

 

 

 

 

 

Property

 

Transfer

Resolution

 

 

 

Pros ID

Loan ID

Type¹

State

Date

Strategy Code²

 

Special Servicing Comments

 

33

309630033

RT

NJ

07/05/23

5

 

 

 

 

The Loan was transferred to the Special Servicer on July 7, 2023, for imminent default driven by cash flow constraints and low occupancy (31% at transfer). The collateral is the Tri State Neighborhood Center, a 115,000 SF anchored retail

 

property built in 1969 and renovated in 2002. The Property is now 98% vacant. The Lender has issued a Notice of Default and Reservation of Rights in connection with enforcement actions. A Receiver was appointed and is currently managing

 

the asset, including marketing effo rts for a receivership sale. The Property was marketed through auction on August 13 and is currently under contract. Court approval of the sale has been obtained. There is an additional 45 day appeal period

 

and assuming there are no appeals the closing wi ll take place 10 days after the appeal period (12/11/2025).

 

 

 

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 26 of 31

 


 

 

                   

 

 

 

 

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

27

309630027

0.00

4.48600%

0.00

4.48600%

8

09/25/25

09/25/25

--

32

309630032

11,391,106.65

4.85500%

11,391,106.65

4.85500%

10

06/16/20

04/06/20

08/11/20

32

309630032

0.00

4.85500%

0.00

4.85500%

10

03/06/22

12/06/21

05/01/22

32

309630032

0.00

4.85500%

0.00

4.85500%

10

03/04/22

12/06/21

05/01/22

32

309630032

0.00

4.85500%

0.00

4.85500%

10

05/01/22

12/06/21

03/04/22

34

309630034

9,290,575.95

5.41600%

9,290,575.95

5.41600%

10

07/28/20

06/01/20

09/11/20

35

309630035

8,985,244.69

5.02000%

8,985,244.69

5.02000%

10

06/18/20

06/01/20

08/11/20

37

309630037

7,963,447.81

5.10500%

7,963,447.81

5.10500%

10

06/09/20

04/01/20

08/11/20

37

309630037

0.00

5.10500%

0.00

5.10500%

10

08/11/20

04/01/20

06/09/20

42

309630042

5,308,900.51

5.41600%

5,308,900.51

5.41600%

10

07/28/20

06/01/20

09/11/20

42

309630042

0.00

5.41600%

0.00

5.41600%

10

09/11/20

06/01/20

07/28/20

Totals

 

42,939,275.61

 

42,939,275.61

 

 

 

 

 

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 27 of 31

 


 

 

                         

 

 

 

 

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

35

309630035              11/18/22

7,951,338.80

10,700,000.00

10,221,654.15

2,228,937.87

10,180,276.67

7,951,338.80

0.00

0.00

45,178.42

(45,178.42)

0.47%

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

7,951,338.80

10,700,000.00

10,221,654.15

2,228,937.87

10,180,276.67

7,951,338.80

0.00

0.00

45,178.42

(45,178.42)

 

 

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

 

 

 

 

 

 

 

 

 

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Page 28 of 31

 


 

 

                       

 

 

 

 

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

02/16/24

1,139.34

0.00

0.00

0.00

0.00

1,139.34

0.00

0.00

1,139.34

35

309630035

02/16/24

0.00

0.00

(45,178.42)

0.00

0.00

(1,139.34)

0.00

0.00

(945.44)

 

 

08/17/23

0.00

0.00

(45,178.42)

0.00

0.00

120.00

0.00

0.00

 

 

 

11/25/22

0.00

0.00

0.00

0.00

0.00

73.90

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

 

1,139.34

0.00

(45,178.42)

0.00

0.00

193.90

0.00

0.00

193.90

 

 

 

 

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Page 29 of 31

 


 

 

                         

 

 

 

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)

1

0.00

0.00

15,069.44

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

2

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

9,480.00

0.00

5

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(0.01)

5A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(0.01)

17

0.00

0.00

7,319.44

0.00

0.00

48,734.03

0.00

0.00

0.00

0.00

0.00

0.00

27

0.00

0.00

2,937.52

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

31

0.00

0.00

2,387.28

0.00

0.00

12,966.56

0.00

0.00

0.00

0.00

0.00

0.00

33

0.00

0.00

1,886.11

0.00

0.00

19,328.58

0.00

0.00

0.00

0.00

0.00

0.00

Total

0.00

0.00

29,599.79

0.00

0.00

81,029.17

0.00

0.00

0.00

0.00

9,480.00

(0.02)

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

120,108.94

 

 

 

 

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Page 30 of 31

 


 

 

   

Supplemental Notes

 

Disclosable Special Servicing Fees

 

July 2025Prospectus ID 17 Disclosable SS Fee = 0.00;Prospectus ID 31 Disclosable SS Fee = 0.00;Prospectus ID 32 Disclosable SS Fee = 0.00;Prospectus ID 33 Disclosable SS Fee = 0.00

 

Disclosable Special Servicing Fees

 

August 2025Prospectus ID 17 Disclosable SS Fee = 0.00;Prospectus ID 31 Disclosable SS Fee = 0.00;Prospectus ID 32 Disclosable SS Fee = 0.00;Prospectus ID 33 Disclosable SS Fee = 0.00

 

Disclosable Special Servicing Fees

 

September 2025Prospectus ID 17 Disclosable SS Fee = 0.00;Prospectus ID 31 Disclosable SS Fee = 0.00;Prospectus ID 32 Disclosable SS Fee = 0.00;Prospectus ID 33 Disclosable SS Fee = 0.00

 

Disclosable Special Servicing Fees

 

October 2025Prospectus ID 17 Disclosable SS Fee = 0.00;Prospectus ID 31 Disclosable SS Fee = 0.00;Prospectus ID 32 Disclosable SS Fee = 0.00;Prospectus ID 33 Disclosable SS Fee = 0.00

 

Disclosable Special Servicing Fees

 

November 2025Prospectus ID 17 Disclosable SS Fee = 0.00;Prospectus ID 31 Disclosable SS Fee = 0.00;Prospectus ID 32 Disclosable SS Fee = 0.00;Prospectus ID 33 Disclosable SS Fee = 0.00

 

 

 

 

 

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Page 31 of 31