EX-99.1 2 tsf21pf1_ex991-202507.htm tsf21pf1_ex991-202507.htm - Generated by SEC Publisher for SEC Filing

 

     

Distribution Date:

07/17/25

3650R 2021-PF1 Commercial Mortgage Trust

Determination Date:

07/11/25

 

Next Distribution Date:

08/15/25

 

Record Date:

06/30/25

Commercial Mortgage Pass-Through Certificates

 

 

Series 2021-PF1

 

           

Table of Contents

 

 

Contacts

 

 

Section

Pages

Role

Party and Contact Information

 

 

Certificate Distribution Detail

2

Depositor

3650 REIT Commercial Mortgage Securities II LLC

 

 

Certificate Factor Detail

3

 

Attention: General Counsel

 

compliance@3650REIT.com

Certificate Interest Reconciliation Detail

4

 

2977 McFarlane Road, Suite 300 | Miami, FL 33133 | United States

 

 

 

 

Certificate Administrator

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

 

 

Additional Information

5

 

Bank, N.A.

 

 

Bond / Collateral Reconciliation - Cash Flows

6

 

Corporate Trust Services (CMBS)

 

cctcmbsbondadmin@computershare.com;

 

 

 

 

 

trustadministrationgroup@computershare.com

Bond / Collateral Reconciliation - Balances

7

 

 

 

 

 

 

 

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

 

 

Current Mortgage Loan and Property Stratification

8-12

Master Servicer

Midland Loan Services, a Division of PNC Bank, N.A.

 

 

Mortgage Loan Detail (Part 1)

13-14

 

Executive Vice President - Division Head

 

NoticeAdmin@midlandls.com

Mortgage Loan Detail (Part 2)

15-16

 

10851 Mastin Street, Suite 700 | Overland Park, KS 66210 | United States

 

Principal Prepayment Detail

17

Special Servicer

3650 REIT Loan Servicing LLC

 

 

Historical Detail

18

 

Attention: General Counsel

 

compliance@3650REIT.com

Delinquency Loan Detail

19

 

2977 McFarlane Road, Suite 300 | Miami, FL 33133 | United States

 

 

 

 

Operating Advisor & Asset

Park Bridge Lender Services LLC

 

 

Collateral Stratification and Historical Detail

20

Representations Reviewer

 

 

 

Specially Serviced Loan Detail - Part 1

21

 

David Rodgers

(212) 230-9025

 

Specially Serviced Loan Detail - Part 2

22

 

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

 

 

Modified Loan Detail

23

Rating Agency

Fitch Ratings, Inc.

 

 

Historical Liquidated Loan Detail

24

 

 

(212) 908-0500

 

 

 

 

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

 

 

Historical Bond / Collateral Loss Reconciliation Detail

25

 

 

 

 

 

 

Rating Agency

Kroll Bond Rating Agency, LLC

 

 

Interest Shortfall Detail - Collateral Level

26

 

 

 

 

 

 

 

General

(212) 702-0707

 

Supplemental Notes

27

 

 

 

 

 

 

 

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

 

 

 

 

Rating Agency

Standard & Poor's Ratings Services

 

 

 

 

 

 

(416) 202-6001

 

 

 

 

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

 

 

 

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 27

 


 

 

                         

 

 

 

 

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

88581EAA9

1.122000%

26,952,000.00

8,066,927.48

499,740.48

7,542.58

0.00

0.00

507,283.06

7,567,187.00

30.65%

30.00%

A-3

88581EAB7

1.995000%

141,041,000.00

141,041,000.00

0.00

234,480.66

0.00

0.00

234,480.66

141,041,000.00

30.65%

30.00%

A-4

88581EAC5

2.253000%

125,000,000.00

125,000,000.00

0.00

234,687.50

0.00

0.00

234,687.50

125,000,000.00

30.65%

30.00%

A-5

88581EAD3

2.522000%

327,298,000.00

327,298,000.00

0.00

687,871.30

0.00

0.00

687,871.30

327,298,000.00

30.65%

30.00%

A-SB

88581EAE1

2.372000%

22,719,000.00

22,719,000.00

0.00

44,907.89

0.00

0.00

44,907.89

22,719,000.00

30.65%

30.00%

A-S

88581EAH4

2.778000%

48,226,000.00

48,226,000.00

0.00

111,643.19

0.00

0.00

111,643.19

48,226,000.00

25.28%

24.75%

B

88581EAJ0

2.717000%

43,633,000.00

43,633,000.00

0.00

98,792.38

0.00

0.00

98,792.38

43,633,000.00

20.43%

20.00%

C

88581EAK7

3.213000%

47,077,000.00

47,077,000.00

0.00

126,048.67

0.00

0.00

126,048.67

47,077,000.00

15.20%

14.88%

D

88581EAN1

2.250000%

29,854,000.00

29,854,000.00

0.00

55,976.25

0.00

0.00

55,976.25

29,854,000.00

11.88%

11.63%

E

88581EAQ4

2.250000%

10,794,000.00

10,794,000.00

0.00

20,238.75

0.00

0.00

20,238.75

10,794,000.00

10.68%

10.45%

F-RR

88581EAT8

3.356540%

14,468,000.00

14,468,000.00

0.00

40,468.68

0.00

0.00

40,468.68

14,468,000.00

9.07%

8.88%

G-RR

88581EAV3

3.356540%

26,409,000.00

26,409,000.00

0.00

73,869.04

0.00

0.00

73,869.04

26,409,000.00

6.13%

6.00%

J-RR

88581EAX9

3.356540%

11,482,000.00

11,482,000.00

0.00

32,116.49

0.00

0.00

32,116.49

11,482,000.00

4.85%

4.75%

NR-RR

88581EAZ4

3.356540%

43,633,611.00

43,633,611.00

0.00

121,945.22

0.00

0.00

121,945.22

43,633,611.00

0.00%

0.00%

Z

88581EBB6

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

R

88581EBC4

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

918,586,611.00

899,701,538.48

499,740.48

1,890,588.60

0.00

0.00

2,390,329.08

899,201,798.00

 

 

 

 

X-A

88581EAF8

0.998605%

691,236,000.00

672,350,927.48

0.00

559,510.59

0.00

0.00

559,510.59

671,851,187.00

 

 

X-B

88581EAG6

0.382124%

90,710,000.00

90,710,000.00

0.00

28,885.36

0.00

0.00

28,885.36

90,710,000.00

 

 

X-D

88581EAL5

1.106540%

40,648,000.00

40,648,000.00

0.00

37,482.18

0.00

0.00

37,482.18

40,648,000.00

 

 

Notional SubTotal

 

822,594,000.00

803,708,927.48

0.00

625,878.13

0.00

0.00

625,878.13

803,209,187.00

 

 

 

Deal Distribution Total

 

 

 

499,740.48

2,516,466.73

0.00

0.00

3,016,207.21

 

 

 

 

*

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 27

 


 

 

                     

 

 

 

 

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

88581EAA9

299.30719353

18.54186999

0.27985233

0.00000000

0.00000000

0.00000000

0.00000000

18.82172232

280.76532354

A-3

88581EAB7

1,000.00000000

0.00000000

1.66249998

0.00000000

0.00000000

0.00000000

0.00000000

1.66249998

1,000.00000000

A-4

88581EAC5

1,000.00000000

0.00000000

1.87750000

0.00000000

0.00000000

0.00000000

0.00000000

1.87750000

1,000.00000000

A-5

88581EAD3

1,000.00000000

0.00000000

2.10166668

0.00000000

0.00000000

0.00000000

0.00000000

2.10166668

1,000.00000000

A-SB

88581EAE1

1,000.00000000

0.00000000

1.97666667

0.00000000

0.00000000

0.00000000

0.00000000

1.97666667

1,000.00000000

A-S

88581EAH4

1,000.00000000

0.00000000

2.31500000

0.00000000

0.00000000

0.00000000

0.00000000

2.31500000

1,000.00000000

B

88581EAJ0

1,000.00000000

0.00000000

2.26416657

0.00000000

0.00000000

0.00000000

0.00000000

2.26416657

1,000.00000000

C

88581EAK7

1,000.00000000

0.00000000

2.67750005

0.00000000

0.00000000

0.00000000

0.00000000

2.67750005

1,000.00000000

D

88581EAN1

1,000.00000000

0.00000000

1.87500000

0.00000000

0.00000000

0.00000000

0.00000000

1.87500000

1,000.00000000

E

88581EAQ4

1,000.00000000

0.00000000

1.87500000

0.00000000

0.00000000

0.00000000

0.00000000

1.87500000

1,000.00000000

F-RR

88581EAT8

1,000.00000000

0.00000000

2.79711639

0.00000000

0.00000000

0.00000000

0.00000000

2.79711639

1,000.00000000

G-RR

88581EAV3

1,000.00000000

0.00000000

2.79711613

0.00000000

0.00000000

0.00000000

0.00000000

2.79711613

1,000.00000000

J-RR

88581EAX9

1,000.00000000

0.00000000

2.79711636

0.00000000

0.00000000

0.00000000

0.00000000

2.79711636

1,000.00000000

NR-RR

88581EAZ4

1,000.00000000

0.00000000

2.79475425

0.00236194

0.13917826

0.00000000

0.00000000

2.79475425

1,000.00000000

Z

88581EBB6

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

R

88581EBC4

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

88581EAF8

972.67926942

0.00000000

0.80943497

0.00000000

0.00000000

0.00000000

0.00000000

0.80943497

971.95630291

X-B

88581EAG6

1,000.00000000

0.00000000

0.31843634

0.00000000

0.00000000

0.00000000

0.00000000

0.31843634

1,000.00000000

X-D

88581EAL5

1,000.00000000

0.00000000

0.92211622

0.00000000

0.00000000

0.00000000

0.00000000

0.92211622

1,000.00000000

 

 

 

 

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Page 3 of 27

 


 

 

                         

 

 

 

 

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

06/01/25 - 06/30/25

30

0.00

7,542.58

0.00

7,542.58

0.00

0.00

0.00

7,542.58

0.00

 

A-3

06/01/25 - 06/30/25

30

0.00

234,480.66

0.00

234,480.66

0.00

0.00

0.00

234,480.66

0.00

 

A-4

06/01/25 - 06/30/25

30

0.00

234,687.50

0.00

234,687.50

0.00

0.00

0.00

234,687.50

0.00

 

A-5

06/01/25 - 06/30/25

30

0.00

687,871.30

0.00

687,871.30

0.00

0.00

0.00

687,871.30

0.00

 

A-SB

06/01/25 - 06/30/25

30

0.00

44,907.89

0.00

44,907.89

0.00

0.00

0.00

44,907.89

0.00

 

X-A

06/01/25 - 06/30/25

30

0.00

559,510.59

0.00

559,510.59

0.00

0.00

0.00

559,510.59

0.00

 

X-B

06/01/25 - 06/30/25

30

0.00

28,885.36

0.00

28,885.36

0.00

0.00

0.00

28,885.36

0.00

 

A-S

06/01/25 - 06/30/25

30

0.00

111,643.19

0.00

111,643.19

0.00

0.00

0.00

111,643.19

0.00

 

B

06/01/25 - 06/30/25

30

0.00

98,792.38

0.00

98,792.38

0.00

0.00

0.00

98,792.38

0.00

 

C

06/01/25 - 06/30/25

30

0.00

126,048.67

0.00

126,048.67

0.00

0.00

0.00

126,048.67

0.00

 

X-D

06/01/25 - 06/30/25

30

0.00

37,482.18

0.00

37,482.18

0.00

0.00

0.00

37,482.18

0.00

 

D

06/01/25 - 06/30/25

30

0.00

55,976.25

0.00

55,976.25

0.00

0.00

0.00

55,976.25

0.00

 

E

06/01/25 - 06/30/25

30

0.00

20,238.75

0.00

20,238.75

0.00

0.00

0.00

20,238.75

0.00

 

F-RR

06/01/25 - 06/30/25

30

0.00

40,468.68

0.00

40,468.68

0.00

0.00

0.00

40,468.68

0.00

 

G-RR

06/01/25 - 06/30/25

30

0.00

73,869.04

0.00

73,869.04

0.00

0.00

0.00

73,869.04

0.00

 

J-RR

06/01/25 - 06/30/25

30

0.00

32,116.49

0.00

32,116.49

0.00

0.00

0.00

32,116.49

0.00

 

NR-RR

06/01/25 - 06/30/25

30

5,953.13

122,048.28

0.00

122,048.28

103.06

0.00

0.00

121,945.22

6,072.85

 

Totals

 

 

5,953.13

2,516,569.79

0.00

2,516,569.79

103.06

0.00

0.00

2,516,466.73

6,072.85

 

 

 

 

 

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Page 4 of 27

 


 

 

     

 

Additional Information

 

Total Available Distribution Amount (1)

3,016,207.21

 

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

 

 

 

 

 

 

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Page 5 of 27

 


 

 

       

Bond / Collateral Reconciliation - Cash Flows

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest

 

Fees

 

Interest Paid or Advanced

2,549,073.45

Master Servicing Fee

24,676.26

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

6,080.48

Interest Adjustments

0.00

Trustee Fee

0.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

374.88

ARD Interest

0.00

Operating Advisor Fee

1,372.04

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

2,549,073.45

Total Fees

32,503.67

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

499,740.48

Reimbursement for Interest on Advances

103.07

Unscheduled Principal Collections

 

ASER Amount

0.00

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

0.00

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

Principal Adjustments

0.00

Taxes Imposed on Trust Fund

0.00

 

 

Non-Recoverable Advances

0.00

 

 

Workout Delayed Reimbursement Amounts

0.00

 

 

Other Expenses

0.00

Total Principal Collected

499,740.48

Total Expenses/Reimbursements

103.07

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

2,516,466.73

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

499,740.48

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

0.00

Net SWAP Counterparty Payments Received

0.00

Borrower Option Extension Fees

0.00

 

 

Net SWAP Counterparty Payments Paid

0.00

Total Other Collected

0.00

Total Payments to Certificateholders and Others

3,016,207.21

Total Funds Collected

3,048,813.93

Total Funds Distributed

3,048,813.95

 

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Page 6 of 27

 


 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

Total

 

Total

Beginning Scheduled Collateral Balance

899,701,539.32

899,701,539.32

Beginning Certificate Balance

899,701,538.48

(-) Scheduled Principal Collections

499,740.48

499,740.48

(-) Principal Distributions

499,740.48

(-) 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

899,201,798.84

899,201,798.84

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

899,701,539.32

899,701,539.32

Ending Certificate Balance

899,201,798.00

Ending Actual Collateral Balance

899,201,798.84

899,201,798.84

 

 

 

 

 

 

 

                NRA/WODRA Reconciliation

 

Under / Over Collateralization Reconciliation

 

 

 

              Non-Recoverable Advances (NRA) from

          Workout Delayed Reimbursement of Advances

 

 

 

 

                       Principal

            (WODRA) from Principal

Beginning UC / (OC)

(0.84)

Beginning Cumulative Advances

0.00

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

(0.84)

Ending Cumulative Advances

0.00

0.00

Net WAC Rate

3.36%

 

 

 

 

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 7 of 27

 


 

 

                             

 

 

 

 

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

 

$9,999,999 or less

7

56,266,674.35

6.26%

67

3.4990

1.831891

1.99 or less

18

311,326,798.84

34.62%

58

3.6084

1.688992

$10,000,000 to $19,999,999

16

217,838,429.39

24.23%

71

3.4290

2.459153

2.00 to 2.49

9

212,000,000.00

23.58%

66

3.5940

2.195542

$20,000,000 to $29,999,999

12

278,996,695.10

31.03%

75

3.5668

2.359668

2.50 to 2.99

6

99,050,000.00

11.02%

73

3.6543

2.656840

$30,000,000 to $39,999,999

3

90,000,000.00

10.01%

82

3.5840

2.386667

3.00 to 4.99

8

216,825,000.00

24.11%

95

3.0068

3.245781

$40,000,000 to $49,999,999

1

45,100,000.00

5.02%

72

2.9500

3.180000

5.00 or greater

2

60,000,000.00

6.67%

102

2.6300

5.710000

$50,000,000 to $59,999,999

4

211,000,000.00

23.47%

72

3.1397

3.059147

Totals

43

899,201,798.84

100.00%

73

3.3997

2.558725

 

$60,000,000 or more

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

43

899,201,798.84

100.00%

73

3.3997

2.558725

 

 

 

 

 

 

 

(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 8 of 27

 


 

 

                           

 

 

 

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

 

Alabama

6

78,343,626.20

8.71%

73

3.4100

1.790000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial

2

77,984,048.89

8.67%

72

3.2803

2.718666

Arizona

1

23,000,000.00

2.56%

33

4.2800

2.110000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed Use

6

198,777,733.46

22.11%

115

2.9921

3.051971

California

9

272,255,743.99

30.28%

70

3.1898

2.841558

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Family

13

218,953,921.41

24.35%

74

3.7128

2.386369

Delaware

1

13,144,007.08

1.46%

72

3.8450

1.370000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Office

14

290,225,336.68

32.28%

61

3.3109

2.476265

Florida

3

49,000,000.00

5.45%

73

3.6621

1.985224

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

6

234,196,695.10

26.04%

65

3.4124

2.437944

Georgia

2

27,500,000.00

3.06%

71

4.1527

2.000909

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Self Storage

1

8,400,000.00

0.93%

73

3.8000

1.340000

Louisiana

1

30,000,000.00

3.34%

76

3.8300

2.150000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

42

899,201,798.84

100.00%

73

3.3997

2.558725

Maryland

1

26,750,000.00

2.97%

72

3.4100

2.600000

 

 

 

 

 

 

 

 

Massachusetts

1

130,800,000.00

14.55%

136

2.7920

3.410000

 

 

 

 

 

 

 

 

Missouri

1

4,256,084.91

0.47%

71

4.5500

1.520000

 

 

 

 

 

 

 

 

Nevada

1

20,000,000.00

2.22%

76

4.4000

2.580000

 

 

 

 

 

 

 

 

New Jersey

1

10,000,000.00

1.11%

76

3.0050

7.760000

 

 

 

 

 

 

 

 

New York

8

237,290,436.86

26.39%

62

3.2118

2.461661

 

 

 

 

 

 

 

 

North Dakota

2

20,304,581.27

2.26%

71

3.6504

2.196433

 

 

 

 

 

 

 

 

South Carolina

1

30,000,000.00

3.34%

35

4.1300

1.600000

 

 

 

 

 

 

 

 

Texas

2

28,893,255.23

3.21%

72

3.6147

2.176737

 

 

 

 

 

 

 

 

Virginia

1

27,000,000.00

3.00%

76

3.8500

2.000000

 

 

 

 

 

 

 

 

Totals

42

899,201,798.84

100.00%

73

3.3997

2.558725

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 9 of 27

 


 

 

                             

 

 

 

 

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

 

3.49999% or less

26

594,436,281.50

66.11%

78

3.1315

2.928918

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

3.50000% to 3.99999%

11

200,009,432.43

22.24%

70

3.7581

1.750569

13 months to 24 months

1

50,000,000.00

5.56%

107

2.5550

5.300000

 

4.0000% or more

6

104,756,084.91

11.65%

53

4.2375

2.001070

25 months to 36 months

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

43

899,201,798.84

100.00%

73

3.3997

2.558725

37 months to 48 months

28

538,447,877.43

59.88%

67

3.4573

2.297355

 

 

 

 

 

 

 

 

49 months or greater

11

232,853,921.41

25.90%

59

3.6512

2.289697

 

 

 

 

 

 

 

 

Totals

43

899,201,798.84

100.00%

73

3.3997

2.558725

(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 10 of 27

 


 

 

                             

 

 

 

 

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

 

96 months or less

39

771,301,798.84

85.78%

65

3.5159

2.295043

Interest Only

31

741,051,796.00

82.41%

74

3.3466

2.760562

97 months to 116 months

1

50,000,000.00

5.56%

107

2.5550

5.300000

353 months or less

12

158,150,002.84

17.59%

68

3.6486

1.612967

 

117 months or more

3

77,900,000.00

8.66%

136

2.7920

3.410000

354 months or more

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

43

899,201,798.84

100.00%

73

3.3997

2.558725

Totals

43

899,201,798.84

100.00%

73

3.3997

2.558725

(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 27

 


 

 

                         

 

 

 

 

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

42

885,201,798.84

98.44%

73

3.4059

2.550322

 

 

No outstanding loans in this group

 

 

13 months to 24 months

1

14,000,000.00

1.56%

74

3.0100

3.090000

 

 

 

 

 

 

25 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

43

899,201,798.84

100.00%

73

3.3997

2.558725

 

 

 

 

 

(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 27

 


 

 

                               

 

 

 

 

 

 

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

1A1-7

30320408

MU

Cambridge

MA

Actual/360

2.792%

58,166.67

0.00

0.00

N/A

11/06/36

--

25,000,000.00

25,000,000.00

07/06/25

1A4-2

30320409

MU

Cambridge

MA

Actual/360

2.792%

69,800.00

0.00

0.00

N/A

11/06/36

--

30,000,000.00

30,000,000.00

07/06/25

1A4-3

30320410

MU

Cambridge

MA

Actual/360

2.792%

53,280.67

0.00

0.00

N/A

11/06/36

--

22,900,000.00

22,900,000.00

07/06/25

2

30507322

IN

Brookhaven

NY

Actual/360

3.200%

157,333.33

0.00

0.00

N/A

06/05/31

--

59,000,000.00

59,000,000.00

07/05/25

3

30507385

OF

Beverly Hills

CA

Actual/360

3.296%

142,848.33

0.00

0.00

N/A

07/05/28

--

52,000,000.00

52,000,000.00

07/05/25

4A2

30508072

OF

Sunnyvale

CA

Actual/360

2.555%

106,458.33

0.00

0.00

N/A

06/06/34

--

50,000,000.00

50,000,000.00

07/06/25

5A1

30507949

RT

Los Angeles

CA

Actual/360

3.490%

145,416.67

0.00

0.00

N/A

10/06/31

--

50,000,000.00

50,000,000.00

07/06/25

6A1-1

30507574

OF

Huntsville

AL

Actual/360

3.410%

39,364.43

27,240.95

0.00

N/A

08/06/31

--

13,852,586.98

13,825,346.03

07/06/25

6A1-3

30507620

OF

Huntsville

AL

Actual/360

3.410%

26,242.95

18,160.65

0.00

N/A

08/06/31

--

9,235,057.37

9,216,896.72

07/06/25

6A2-2

30507622

OF

Huntsville

AL

Actual/360

3.410%

39,364.43

27,240.95

0.00

N/A

08/06/31

--

13,852,586.98

13,825,346.03

07/06/25

6A2-3

30507623

OF

Huntsville

AL

Actual/360

3.410%

26,242.95

18,160.65

0.00

N/A

08/06/31

--

9,235,057.37

9,216,896.72

07/06/25

7

30507437

RT

Los Angeles

CA

Actual/360

2.950%

110,870.83

0.00

0.00

N/A

07/05/31

--

45,100,000.00

45,100,000.00

07/05/25

8A2-C

30506962

RT

White Plains

NY

Actual/360

3.250%

54,166.67

0.00

0.00

N/A

02/01/30

--

20,000,000.00

20,000,000.00

07/01/25

8A3-B

30505244

RT

White Plains

NY

Actual/360

3.250%

67,708.33

0.00

0.00

N/A

02/01/30

--

25,000,000.00

25,000,000.00

07/01/25

9

30507477

RT

Long Beach

CA

Actual/360

3.800%

71,596.40

262,694.64

0.00

N/A

12/05/28

--

22,609,389.74

22,346,695.10

07/07/25

10A1

30507086

OF

Greenville

SC

Actual/360

4.130%

103,250.00

0.00

0.00

N/A

06/05/28

--

30,000,000.00

30,000,000.00

07/05/25

11

30508003

MF

Westwego

LA

Actual/360

3.830%

95,750.00

0.00

0.00

N/A

11/05/31

--

30,000,000.00

30,000,000.00

07/05/25

12

30507968

MF

Hampton

VA

Actual/360

3.850%

86,625.00

0.00

0.00

N/A

11/05/31

--

27,000,000.00

27,000,000.00

07/05/25

13

30507232

RT

Bethesda

MD

Actual/360

3.410%

76,014.58

0.00

0.00

N/A

07/05/31

--

26,750,000.00

26,750,000.00

05/05/25

14A4

30507580

MF

New York

NY

Actual/360

3.450%

47,437.50

0.00

0.00

N/A

08/06/31

--

16,500,000.00

16,500,000.00

07/06/25

14A5

30507581

MF

New York

NY

Actual/360

3.450%

28,750.00

0.00

0.00

N/A

08/06/31

--

10,000,000.00

10,000,000.00

07/06/25

15A-2-C-4

30320411

OF

New York

NY

Actual/360

2.725%

36,328.92

0.00

0.00

N/A

08/06/28

--

16,000,000.00

16,000,000.00

07/06/25

15A-2-C-6

30320412

OF

New York

NY

Actual/360

2.725%

20,836.44

0.00

0.00

N/A

08/06/28

--

9,176,796.00

9,176,796.00

07/06/25

16A1

30507643

MF

Daytona Beach

FL

Actual/360

3.770%

78,541.67

0.00

0.00

N/A

09/05/31

--

25,000,000.00

25,000,000.00

07/05/25

17A1

30506944

OF

Phoenix

AZ

Actual/360

4.280%

82,033.33

0.00

0.00

N/A

04/05/28

--

23,000,000.00

23,000,000.00

07/05/25

18

30507608

MU

New York

NY

Actual/360

3.150%

55,125.00

0.00

0.00

N/A

08/06/31

--

21,000,000.00

21,000,000.00

07/06/25

19

30507335

MF

Atlanta

GA

Actual/360

4.200%

73,500.00

0.00

0.00

N/A

06/05/31

--

21,000,000.00

21,000,000.00

07/05/25

20

30508005

RT

Verdi

NV

Actual/360

4.400%

73,333.33

0.00

0.00

N/A

11/05/31

--

20,000,000.00

20,000,000.00

07/05/25

 

 

 

 

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Page 13 of 27

 


 

 

                               

 

 

 

 

 

 

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

21

30507846

IN

Sacramento

CA

Actual/360

3.530%

55,940.92

32,693.36

0.00

N/A

10/06/31

--

19,016,742.25

18,984,048.89

07/06/25

22

30507344

MF

Houston

TX

Actual/360

3.800%

58,348.27

32,513.41

0.00

N/A

06/05/31

--

18,425,768.64

18,393,255.23

07/05/25

23

30320413

Various     Various

NY

Actual/360

3.660%

50,226.10

30,729.56

0.00

N/A

11/06/31

--

16,467,574.42

16,436,844.86

07/06/25

24A1

30507142

OF

Plantation

FL

Actual/360

3.415%

44,395.00

0.00

0.00

N/A

05/05/31

--

15,600,000.00

15,600,000.00

07/05/25

25

30507128

MU

Wilmington

DE

Actual/360

3.845%

42,193.57

24,336.66

0.00

N/A

07/05/31

--

13,168,343.74

13,144,007.08

07/05/25

26

30507726

MU

Beverly Hills

CA

Actual/360

3.010%

35,116.67

0.00

0.00

N/A

09/05/31

--

14,000,000.00

14,000,000.00

07/05/25

27

30507091

MF

Grand Forks

ND

Actual/360

3.570%

30,119.75

19,705.99

0.00

N/A

05/05/31

--

10,124,287.26

10,104,581.27

07/05/25

28

30507840

MF

Houston

TX

Actual/360

3.290%

28,787.50

0.00

0.00

N/A

10/05/31

--

10,500,000.00

10,500,000.00

07/05/25

29

30507774

MU

Temecula

CA

Actual/360

3.480%

29,942.50

0.00

0.00

N/A

11/05/31

--

10,325,000.00

10,325,000.00

07/05/25

30

30507411

MF

Grand Forks

ND

Actual/360

3.730%

31,705.00

0.00

0.00

N/A

07/05/31

--

10,200,000.00

10,200,000.00

07/05/25

31

30508004

MF

Fort Lee

NJ

Actual/360

3.005%

25,041.67

0.00

0.00

N/A

11/05/31

--

10,000,000.00

10,000,000.00

07/05/25

32

30507784

MF

Los Angeles

CA

Actual/360

3.340%

26,441.67

0.00

0.00

N/A

10/05/31

--

9,500,000.00

9,500,000.00

07/05/25

33

30507618

SS

Jupiter

FL

Actual/360

3.800%

26,600.00

0.00

0.00

N/A

08/06/31

--

8,400,000.00

8,400,000.00

07/06/25

34

30507340

MF

Atlanta

GA

Actual/360

4.000%

21,666.67

0.00

0.00

N/A

06/05/31

--

6,500,000.00

6,500,000.00

07/05/25

35

30507241

MF

Springfield

MO

Actual/360

4.550%

16,161.40

6,263.66

0.00

N/A

06/05/31

--

4,262,348.57

4,256,084.91

07/05/25

Totals

 

 

 

 

 

 

2,549,073.45

499,740.48

0.00

 

 

 

899,701,539.32

899,201,798.84

 

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 27

 


 

 

                           

 

 

 

 

 

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

 

1A1-7

78,866,375.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

1A4-2

78,866,375.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

1A4-3

78,866,375.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

2

5,922,876.59

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

3

3,175,426.03

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

4A2

14,726,623.64

13,990,527.30

07/01/24

12/31/24

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5A1

7,279,517.15

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6A1-1

8,993,685.66

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6A1-3

8,993,685.66

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6A2-2

8,993,685.66

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6A2-3

8,993,685.66

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

7

4,937,184.06

4,367,206.72

04/01/24

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

8A2-C

23,934,390.60

7,046,210.56

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

8A3-B

23,934,390.60

7,046,210.56

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

9

6,503,157.22

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

10A1

4,948,276.09

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

11

2,614,357.72

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

12

2,138,827.67

2,152,711.70

04/01/24

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

13

2,464,683.32

604,199.87

01/01/25

03/31/25

--

0.00

0.00

74,565.62

152,102.21

0.00

0.00

 

 

14A4

12,327,674.31

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

14A5

12,327,674.31

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

15A-2-C-4

53,951,975.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

15A-2-C-6

53,951,975.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

16A1

3,131,796.03

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

17A1

6,703,688.82

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

18

1,727,265.14

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

19

1,777,167.61

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

20

2,364,939.80

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

 

 

 

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Page 15 of 27

 


 

 

                           

 

 

 

 

 

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

 

21

1,908,207.21

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

22

1,515,936.44

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

23

1,655,076.97

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

24A1

4,947,525.52

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

25

1,124,647.75

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

26

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

27

1,170,856.51

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

28

1,258,533.20

341,846.40

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

29

1,241,487.37

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

30

992,252.02

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

31

2,400,526.26

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

32

696,177.80

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

33

561,552.30

110,863.22

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

34

597,573.62

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

35

424,858.56

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

Totals

543,912,945.88

35,659,776.33

 

 

 

0.00

0.00

74,565.62

152,102.21

0.00

0.00

 

 

 

 

 

 

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Page 16 of 27

 


 

 

           

 

 

 

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 17 of 27

 


 

 

                                         

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

07/17/25

1

26,750,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

3.399722%

3.356373%

73

06/17/25

1

26,750,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

3.399892%

3.356540%

74

05/16/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

3.400057%

3.356701%

75

04/17/25

1

26,750,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

3.400225%

3.356866%

76

03/17/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

3.400389%

3.357026%

77

02/18/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

3.400564%

3.357199%

78

01/17/25

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

3.400726%

3.357358%

79

12/17/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

3.400887%

3.357516%

80

11/18/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

3.401052%

3.357678%

81

10/18/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

3.401212%

3.357834%

82

09/17/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

1

30,000,000.00

0

0.00

0

0.00

 

3.401375%

3.357995%

83

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

 

3.401533%

3.358150%

84

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 18 of 27

 


 

 

                               

 

 

 

 

 

 

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

13

30507232

05/05/25

1

1

 

74,565.62

152,102.21

0.00

26,750,000.00

 

 

 

 

 

 

Totals

 

 

 

 

 

74,565.62

152,102.21

0.00

26,750,000.00

 

 

 

 

 

 

 

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 19 of 27

 


 

 

                 

 

 

 

 

Collateral Stratification and Historical Detail

 

Maturity Dates and Loan Status¹

 

 

 

 

 

 

 

 

 

           Total

          Performing

     Non-Performing

          REO/Foreclosure

 

 

Past Maturity

 

0

0

0

 

 

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

 

105,000,000

105,000,000

0

 

 

0

 

37 - 48 Months

 

47,523,491

47,523,491

0

 

 

0

 

49 - 60 Months

 

45,000,000

45,000,000

0

 

 

0

 

> 60 Months

 

701,678,308

674,928,308

26,750,000

 

 

0

 

 

 

 

 

Historical Delinquency Information

 

 

 

 

 

 

 

 

      Total

    Current

 30-59 Days

  60-89 Days

90+ Days

 

       REO/Foreclosure

 

 

Jul-25

899,201,799

872,451,799

26,750,000

0

0

 

0

 

Jun-25

899,701,539

872,951,539

26,750,000

0

0

 

0

 

May-25

900,184,545

900,184,545

0

0

0

 

0

 

Apr-25

900,681,259

873,931,259

26,750,000

0

0

 

0

 

Mar-25

901,161,148

901,161,148

0

0

0

 

0

 

Feb-25

901,685,557

901,685,557

0

0

0

 

0

 

Jan-25

902,162,252

902,162,252

0

0

0

 

0

 

Dec-24

902,637,431

902,637,431

0

0

0

 

0

 

Nov-24

903,126,594

903,126,594

0

0

0

 

0

 

Oct-24

903,598,705

903,598,705

0

0

0

 

0

 

Sep-24

904,084,909

904,084,909

0

0

0

 

0

 

Aug-24

904,553,971

904,553,971

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 20 of 27

 


 

 

                     

 

 

 

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

 

 

 

 

No specially serviced loans this period

 

 

 

 

 

 

 

 

 

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Page 21 of 27

 


 

 

                 

 

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

 

 

 

Servicing

 

 

 

 

 

 

Property

 

Transfer

Resolution

 

 

 

Pros ID

Loan ID

Type¹

State

Date

Strategy Code²

 

Special Servicing Comments

 

 

 

 

 

 

No specially serviced loans this period

 

 

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 22 of 27

 


 

 

                   

 

 

 

 

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

10A1

30507086

0.00

4.13000%

0.00

            4.13000%

8

07/30/24

07/30/24

08/23/24

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 23 of 27

 


 

 

                       

 

 

 

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

 

 

 

 

No liquidated loans this period

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

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Page 24 of 27

 


 

 

                     

 

 

 

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

 

 

 

 

 

No realized losses this period

 

 

 

 

 

 

 

 

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Page 25 of 27

 


 

 

                         

 

 

 

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)

10A1

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

18

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

56.23

0.00

0.00

0.00

28

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

32.37

0.00

0.00

0.00

30

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

14.47

0.00

0.00

0.00

Total

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

103.07

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

 

103.07

 

 

 

 

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Page 26 of 27

 


 

 

     

 

Supplemental Notes

 

 

None

 

 

 

 

 

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Page 27 of 27