EX-99.1 2 bmk23v03_ex991-202507.htm bmk23v03_ex991-202507.htm - Generated by SEC Publisher for SEC Filing

 

     

Distribution Date:

07/17/25

Benchmark 2023-V3 Mortgage Trust

Determination Date:

07/11/25

 

Next Distribution Date:

08/15/25

 

Record Date:

06/30/25

Commercial Mortgage Pass-Through Certificates

 

 

Series 2023-V3

 

         

Table of Contents

 

 

Contacts

 

Section

Pages

Role

Party and Contact Information

 

Certificate Distribution Detail

2

Depositor

GS Mortgage Securities Corporation II

 

Certificate Factor Detail

3

 

Attention: Scott Epperson

scott.epperson@gs.com gs-

 

 

 

 

refgsecuritization@gs.com

Certificate Interest Reconciliation Detail

4

 

200 West Street | New York, NY 10282 | United States

 

Additional Information

5

Master Servicer

Midland Loan Services, a Division of PNC Bank, National

 

Bond / Collateral Reconciliation - Cash Flows

6

 

Association

 

 

 

 

Executive Vice President – Division Head

Fax Number: (913) 253-9001

Bond / Collateral Reconciliation - Balances

7

 

 

 

 

 

 

10851 Mastin Street, Suite 300 | Overland Park, KS 66210 | United States

 

Current Mortgage Loan and Property Stratification

8-12

Special Servicer

Greystone Servicing Company LLC

 

Mortgage Loan Detail (Part 1)

13-14

 

Attention: Amy Dixon, General Counsel

amy.dixon@greyco.com

Mortgage Loan Detail (Part 2)

15-16

 

5221 N. O’Connor Blvd., Suite 800 | Irving, TX 75039 | United States

 

Principal Prepayment Detail

17

Certificate Administrator

Computershare Trust Company, N.A.

 

Historical Detail

18

 

Corporate Trust Services (CMBS)

cctcmbsbondadmin@computershare.com;

 

 

 

 

trustadministrationgroup@computershare.com

Delinquency Loan Detail

19

 

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

 

Collateral Stratification and Historical Detail

20

Trustee

Computershare Trust Company, N.A.

 

Specially Serviced Loan Detail - Part 1

21

 

Corporate Trust Services (CMBS)

cctcmbsbondadmin@computershare.com;

Specially Serviced Loan Detail - Part 2

22

 

 

trustadministrationgroup@computershare.com

 

 

 

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

 

Modified Loan Detail

23

 

 

 

 

 

Operating Advisor & Asset

Park Bridge Lender Services LLC

 

Historical Liquidated Loan Detail

24

Representations Reviewer

 

 

Historical Bond / Collateral Loss Reconciliation Detail

25

 

Attention: Benchmark 2023-V3 – Surveillance Manager

cmbs.notices@parkbridgefinancial.com

 

 

 

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

 

Interest Shortfall Detail - Collateral Level

26

 

 

 

Supplemental Notes

27

 

 

 

 

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

08163VAA5

5.956700%

2,083,000.00

1,439,219.32

34,969.18

7,144.16

0.00

0.00

42,113.34

1,404,250.14

30.02%

30.00%

A-2

08163VAB3

5.896300%

200,000,000.00

200,000,000.00

0.00

982,716.67

0.00

0.00

982,716.67

200,000,000.00

30.02%

30.00%

A-3

08163VAC1

6.362900%

439,732,000.00

439,732,000.00

0.00

2,331,642.29

0.00

0.00

2,331,642.29

439,732,000.00

30.02%

30.00%

A-S

08163VAF4

7.096700%

123,779,000.00

123,779,000.00

0.00

732,018.69

0.00

0.00

732,018.69

123,779,000.00

16.51%

16.50%

B

08163VAG2

6.923700%

38,967,000.00

38,967,000.00

0.00

224,829.85

0.00

0.00

224,829.85

38,967,000.00

12.26%

12.25%

C

08163VAH0

7.172587%

33,237,000.00

33,237,000.00

0.00

198,662.72

0.00

0.00

198,662.72

33,237,000.00

8.63%

8.63%

D

08163VAL1

4.000000%

11,461,000.00

11,461,000.00

0.00

38,203.33

0.00

0.00

38,203.33

11,461,000.00

7.38%

7.38%

E

08163VAN7

4.000000%

9,169,000.00

9,169,000.00

0.00

30,563.33

0.00

0.00

30,563.33

9,169,000.00

6.38%

6.38%

F

08163VAQ0

7.172587%

17,191,000.00

17,191,000.00

0.00

102,753.28

0.00

0.00

102,753.28

17,191,000.00

4.50%

4.50%

G

08163VAS6

7.172587%

10,315,000.00

10,315,000.00

0.00

61,654.36

0.00

0.00

61,654.36

10,315,000.00

3.38%

3.38%

H

08163VAU1

7.172587%

30,945,508.00

30,945,508.00

0.00

171,199.44

0.00

0.00

171,199.44

30,945,508.00

0.00%

0.00%

RRC

08163VAY3

7.172587%

23,803,350.00

23,786,636.64

907.84

141,819.03

0.00

0.00

142,726.87

23,785,728.80

0.00%

0.00%

RRI

N/A

7.172587%

24,453,467.00

24,436,297.17

932.64

145,692.39

0.00

0.00

146,625.03

24,435,364.53

0.00%

0.00%

R

08163VAW7

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

965,136,325.00

964,458,661.13

36,809.66

5,168,899.54

0.00

0.00

5,205,709.20

964,421,851.47

 

 

 

 

X-A

08163VAD9

0.813707%

765,594,000.00

764,950,219.31

0.00

518,704.69

0.00

0.00

518,704.69

764,915,250.14

 

 

X-B

08163VAE7

0.134319%

72,204,000.00

72,204,000.00

0.00

8,081.97

0.00

0.00

8,081.97

72,204,000.00

 

 

X-D

08163VAJ6

3.172587%

20,630,000.00

20,630,000.00

0.00

54,542.05

0.00

0.00

54,542.05

20,630,000.00

 

 

Notional SubTotal

 

858,428,000.00

857,784,219.31

0.00

581,328.71

0.00

0.00

581,328.71

857,749,250.14

 

 

 

Deal Distribution Total

 

 

 

36,809.66

5,750,228.25

0.00

0.00

5,787,037.91

 

 

 

 

*

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

08163VAA5

690.93582333

16.78789246

3.42974556

0.00000000

0.00000000

0.00000000

0.00000000

20.21763802

674.14793087

A-2

08163VAB3

1,000.00000000

0.00000000

4.91358335

0.00000000

0.00000000

0.00000000

0.00000000

4.91358335

1,000.00000000

A-3

08163VAC1

1,000.00000000

0.00000000

5.30241668

0.00000000

0.00000000

0.00000000

0.00000000

5.30241668

1,000.00000000

A-S

08163VAF4

1,000.00000000

0.00000000

5.91391666

0.00000000

0.00000000

0.00000000

0.00000000

5.91391666

1,000.00000000

B

08163VAG2

1,000.00000000

0.00000000

5.76975004

0.00000000

0.00000000

0.00000000

0.00000000

5.76975004

1,000.00000000

C

08163VAH0

1,000.00000000

0.00000000

5.97715558

0.00000000

0.00000000

0.00000000

0.00000000

5.97715558

1,000.00000000

D

08163VAL1

1,000.00000000

0.00000000

3.33333304

0.00000000

0.00000000

0.00000000

0.00000000

3.33333304

1,000.00000000

E

08163VAN7

1,000.00000000

0.00000000

3.33333297

0.00000000

0.00000000

0.00000000

0.00000000

3.33333297

1,000.00000000

F

08163VAQ0

1,000.00000000

0.00000000

5.97715549

0.00000000

0.00000000

0.00000000

0.00000000

5.97715549

1,000.00000000

G

08163VAS6

1,000.00000000

0.00000000

5.97715560

0.00000000

0.00000000

0.00000000

0.00000000

5.97715560

1,000.00000000

H

08163VAU1

1,000.00000000

0.00000000

5.53228727

0.44486844

2.13109412

0.00000000

0.00000000

5.53228727

1,000.00000000

RRC

08163VAY3

999.29785681

0.03813917

5.95794415

0.01501469

0.07192643

0.00000000

0.00000000

5.99608332

999.25971764

RRI

N/A

999.29785703

0.03813938

5.95794412

0.01501464

0.07192682

0.00000000

0.00000000

5.99608350

999.25971765

R

08163VAW7

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

08163VAD9

999.15910954

0.00000000

0.67751927

0.00000000

0.00000000

0.00000000

0.00000000

0.67751927

999.11343367

X-B

08163VAE7

1,000.00000000

0.00000000

0.11193244

0.00000000

0.00000000

0.00000000

0.00000000

0.11193244

1,000.00000000

X-D

08163VAJ6

1,000.00000000

0.00000000

2.64382210

0.00000000

0.00000000

0.00000000

0.00000000

2.64382210

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

7,144.16

0.00

7,144.16

0.00

0.00

0.00

7,144.16

0.00

 

A-2

06/01/25 - 06/30/25

30

0.00

982,716.67

0.00

982,716.67

0.00

0.00

0.00

982,716.67

0.00

 

A-3

06/01/25 - 06/30/25

30

0.00

2,331,642.29

0.00

2,331,642.29

0.00

0.00

0.00

2,331,642.29

0.00

 

X-A

06/01/25 - 06/30/25

30

0.00

518,704.69

0.00

518,704.69

0.00

0.00

0.00

518,704.69

0.00

 

X-B

06/01/25 - 06/30/25

30

0.00

8,081.97

0.00

8,081.97

0.00

0.00

0.00

8,081.97

0.00

 

X-D

06/01/25 - 06/30/25

30

0.00

54,542.05

0.00

54,542.05

0.00

0.00

0.00

54,542.05

0.00

 

A-S

06/01/25 - 06/30/25

30

0.00

732,018.69

0.00

732,018.69

0.00

0.00

0.00

732,018.69

0.00

 

B

06/01/25 - 06/30/25

30

0.00

224,829.85

0.00

224,829.85

0.00

0.00

0.00

224,829.85

0.00

 

C

06/01/25 - 06/30/25

30

0.00

198,662.72

0.00

198,662.72

0.00

0.00

0.00

198,662.72

0.00

 

D

06/01/25 - 06/30/25

30

0.00

38,203.33

0.00

38,203.33

0.00

0.00

0.00

38,203.33

0.00

 

E

06/01/25 - 06/30/25

30

0.00

30,563.33

0.00

30,563.33

0.00

0.00

0.00

30,563.33

0.00

 

F

06/01/25 - 06/30/25

30

0.00

102,753.28

0.00

102,753.28

0.00

0.00

0.00

102,753.28

0.00

 

G

06/01/25 - 06/30/25

30

0.00

61,654.36

0.00

61,654.36

0.00

0.00

0.00

61,654.36

0.00

 

H

06/01/25 - 06/30/25

30

51,871.07

184,966.12

0.00

184,966.12

13,766.68

0.00

0.00

171,199.44

65,947.79

 

RRC

06/01/25 - 06/30/25

30

1,346.64

142,176.43

0.00

142,176.43

357.40

0.00

0.00

141,819.03

1,712.09

 

RRI

06/01/25 - 06/30/25

30

1,383.43

146,059.55

0.00

146,059.55

367.16

0.00

0.00

145,692.39

1,758.86

 

Totals

 

 

54,601.14

5,764,719.49

0.00

5,764,719.49

14,491.24

0.00

0.00

5,750,228.25

69,418.74

 

 

 

 

 

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Page 4 of 27

 


 
 

 

     

 

Additional Information

 

 

Total Available Distribution Amount (1)

5,787,037.91

 

Non-VRR Interest Available Funds

5,497,686.03

 

VRR Interest Available Funds

289,351.90

 

(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

5,777,249.38

Master Servicing Fee

3,190.71

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

7,619.22

Interest Adjustments

0.00

Trustee Fee

0.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

401.86

ARD Interest

0.00

Operating Advisor Fee

1,318.09

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

5,777,249.38

Total Fees

12,529.88

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

36,809.66

Reimbursement for Interest on Advances

116.24

Unscheduled Principal Collections

 

ASER Amount

0.00

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

14,375.00

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

36,809.66

Total Expenses/Reimbursements

14,491.24

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

5,750,228.25

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

36,809.66

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

5,787,037.91

Total Funds Collected

5,814,059.04

Total Funds Distributed

5,814,059.03

 

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Page 6 of 27

 


 
 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

Total

 

Total

Beginning Scheduled Collateral Balance

964,458,661.32

964,458,661.32

Beginning Certificate Balance

964,458,661.13

(-) Scheduled Principal Collections

36,809.66

36,809.66

(-) Principal Distributions

36,809.66

(-) 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

964,421,851.66

964,421,851.66

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

964,458,661.32

964,458,661.32

Ending Certificate Balance

964,421,851.47

Ending Actual Collateral Balance

964,421,851.66

964,421,851.66

 

 

 

 

 

 

 

NRA/WODRA Reconciliation

 

Under / Over Collateralization Reconciliation

 

 

 

Non-Recoverable Advances (NRA) from

Workout Delayed Reimbursement of Advances

 

 

 

 

                     Principal

(WODRA) from Principal

Beginning UC / (OC)

(0.19)

Beginning Cumulative Advances

0.00

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

(0.19)

Ending Cumulative Advances

0.00

0.00

Net WAC Rate

7.17%

 

 

 

 

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

 

$19,999,999 or less

32

306,220,854.51

31.75%

35

6.9848

1.739860

1.40 or less

22

513,389,851.66

53.23%

35

7.4815

1.220849

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

7

155,148,997.15

16.09%

35

7.1624

1.499587

1.4100000 to 1.600000

9

107,880,000.00

11.19%

36

7.6489

1.551100

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

6

203,450,000.00

21.10%

35

7.6381

1.314846

1.6100000 to 2.000000

8

117,970,000.00

12.23%

34

7.0750

1.744236

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

3

133,020,000.00

13.79%

36

7.6281

1.812158

2.0100000 or greater

12

225,182,000.00

23.35%

35

6.3580

2.281810

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

2

101,082,000.00

10.48%

35

6.3192

1.626102

Totals

51

964,421,851.66

100.00%

35

7.1881

1.569535

 

$60,000,000 or greater

1

65,500,000.00

6.79%

36

7.2500

1.150000

 

 

 

 

 

 

 

 

Totals

51

964,421,851.66

100.00%

35

7.1881

1.569535

 

 

 

 

 

 

 

(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

 

 

 

 

 

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

Alaska

2

16,445,000.00

1.71%

35

6.7426

1.393992

Texas

7

102,063,000.00

10.58%

35

7.4982

1.346263

Arizona

3

24,850,000.00

2.58%

34

6.6609

1.624829

Virginia

2

5,768,000.00

0.60%

35

5.8050

1.940000

California

2

112,000,000.00

11.61%

36

6.6430

2.103214

West Virginia

1

775,000.00

0.08%

35

5.6720

2.020000

Connecticut

1

877,000.00

0.09%

36

7.5980

1.820000

Wisconsin

3

2,942,000.00

0.31%

36

7.5980

1.820000

Florida

2

36,050,000.00

3.74%

36

8.3113

1.231442

Totals

73

964,421,851.66

100.00%

35

7.1881

1.569535

Georgia

1

8,870,642.07

0.92%

35

8.3050

1.310000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Type³

 

 

 

Illinois

2

5,775,000.00

0.60%

35

5.6720

2.020000

 

 

 

 

 

 

 

Kentucky

2

45,585,000.00

4.73%

35

8.0886

1.388213

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

 

 

Property Type

 

 

 

WAM²

WAC

 

Maine

1

1,205,000.00

0.12%

36

7.5980

1.820000

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

Maryland

1

10,000,000.00

1.04%

34

7.3500

2.220000

Industrial

10

103,776,000.00

10.76%

36

6.9897

1.348118

Massachusetts

4

48,050,000.00

4.98%

36

6.3805

2.344454

Lodging

4

86,750,000.00

9.00%

35

8.0777

1.653401

Michigan

4

79,075,000.00

8.20%

36

7.2747

1.151394

Mixed Use

2

43,000,000.00

4.46%

35

7.6222

1.413953

Minnesota

1

502,000.00

0.05%

36

7.5980

1.820000

Mobile Home Park

2

16,445,000.00

1.71%

35

6.7426

1.393992

Missouri

1

20,075,000.00

2.08%

35

5.6720

2.020000

Multi-Family

4

88,250,000.00

9.15%

35

7.1361

1.156079

Nebraska

5

3,901,000.00

0.40%

36

7.5980

1.820000

Office

11

249,424,851.66

25.86%

35

7.3557

1.609187

Nevada

1

20,000,000.00

2.07%

35

6.8055

1.470000

Other

3

109,000,000.00

11.30%

36

6.9625

2.113761

New Hampshire

1

1,970,000.00

0.20%

36

7.5980

1.820000

Retail

33

249,008,000.00

25.82%

34

6.8757

1.548850

New Jersey

6

106,102,610.70

11.00%

35

7.4281

1.657530

Self Storage

4

18,768,000.00

1.95%

35

6.8458

1.447353

New Mexico

1

1,665,000.00

0.17%

36

7.5980

1.820000

Totals

73

964,421,851.66

100.00%

35

7.1881

1.569535

New York

9

202,100,000.00

20.96%

34

6.9461

1.416630

 

 

 

 

 

 

 

Ohio

2

25,627,000.00

2.66%

34

7.9333

1.707829

 

 

 

 

 

 

 

Oklahoma

1

925,000.00

0.10%

35

5.6720

2.020000

 

 

 

 

 

 

 

Pennsylvania

5

70,718,997.15

7.33%

36

7.6573

1.324550

 

 

 

 

 

 

 

Rhode Island

1

652,000.00

0.07%

36

7.5980

1.820000

 

 

 

 

 

 

 

Tennessee

1

9,852,601.74

1.02%

36

7.9999

1.160000

 

 

 

 

 

 

 

 

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

 

6.5000% or less

11

165,950,000.00

17.21%

34

5.9438

2.068319

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

6.5010% to 7.0000%

13

249,751,046.51

25.90%

35

6.7786

1.631417

13 months or greater

51

964,421,851.66

100.00%

35

7.1881

1.569535

 

7.0010% to 7.5000%

9

156,420,697.67

16.22%

35

7.2937

1.242322

Totals

51

964,421,851.66

100.00%

35

7.1881

1.569535

 

7.5010% to 8.0000%

13

260,456,209.59

27.01%

35

7.7591

1.479079

 

 

 

 

 

 

 

 

8.0010 or greater

5

131,843,897.89

13.67%

36

8.2770

1.391405

 

 

 

 

 

 

 

 

Totals

51

964,421,851.66

100.00%

35

7.1881

1.569535

 

 

 

 

 

 

 

(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

 

57 months or less

51

964,421,851.66

100.00%

35

7.1881

1.569535

Interest Only

45

895,895,000.00

92.89%

35

7.1441

1.587958

58 months to 59 months

0

0.00

0.00%

0

0.0000

0.000000

358 or less

6

68,526,851.66

7.11%

36

7.7637

1.328690

 

60 months or greater

0

0.00

0.00%

0

0.0000

0.000000

359 or greater

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

51

964,421,851.66

100.00%

35

7.1881

1.569535

Totals

51

964,421,851.66

100.00%

35

7.1881

1.569535

(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 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

Underwriter's Information

2

42,600,000.00

4.42%

35

7.8202

1.341925

 

 

No outstanding loans in this group

 

 

12 months or less

44

857,526,851.66

88.92%

35

7.1445

1.583335

 

 

 

 

 

 

13 months to 24 months

5

64,295,000.00

6.67%

35

7.3516

1.536297

 

 

 

 

 

 

25 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

51

964,421,851.66

100.00%

35

7.1881

1.569535

 

 

 

 

 

(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

1A1-1

30509890

98

Los Angeles

CA

Actual/360

6.533%

246,729.63

0.00

0.00

N/A

07/06/28

--

45,320,000.00

45,320,000.00

07/06/25

1A2-1

30509894

 

 

 

Actual/360

6.533%

81,662.50

0.00

0.00

N/A

07/06/28

--

15,000,000.00

15,000,000.00

07/06/25

1A2-2

30509895

 

 

 

Actual/360

6.533%

54,441.67

0.00

0.00

N/A

07/06/28

--

10,000,000.00

10,000,000.00

07/06/25

1A2-3

30509896

 

 

 

Actual/360

6.533%

25,478.70

0.00

0.00

N/A

07/06/28

--

4,680,000.00

4,680,000.00

07/06/25

2

30509856

IN

Various

MI

Actual/360

7.250%

395,729.17

0.00

0.00

N/A

07/06/28

--

65,500,000.00

65,500,000.00

07/06/25

3

30509829

Various      Various

Various

Actual/360

5.672%

239,556.92

0.00

0.00

N/A

06/01/28

--

50,682,000.00

50,682,000.00

07/01/25

4

30509845

MF

Brooklyn

NY

Actual/360

6.970%

292,740.00

0.00

0.00

N/A

06/06/28

--

50,400,000.00

50,400,000.00

07/06/25

5A2

30509862

RT

Brooklyn

NY

Actual/360

6.873%

143,187.50

0.00

0.00

N/A

06/05/28

--

25,000,000.00

25,000,000.00

07/05/25

5A4

30509864

 

 

 

Actual/360

6.873%

85,912.50

0.00

0.00

N/A

06/05/28

--

15,000,000.00

15,000,000.00

07/05/25

5A6

30509866

 

 

 

Actual/360

6.873%

57,275.00

0.00

0.00

N/A

06/05/28

--

10,000,000.00

10,000,000.00

07/05/25

6A3

30321735

OF

Boston

MA

Actual/360

6.298%

118,087.50

0.00

0.00

N/A

07/06/28

--

22,500,000.00

22,500,000.00

07/06/25

6A4-3

30321738

 

 

 

Actual/360

6.298%

26,241.67

0.00

0.00

N/A

07/06/28

--

5,000,000.00

5,000,000.00

07/06/25

6A8-2-A

30321744

 

 

 

Actual/360

6.298%

91,845.83

0.00

0.00

N/A

07/06/28

--

17,500,000.00

17,500,000.00

07/06/25

7A1

30509822

RT

Louisville

KY

Actual/360

8.120%

304,500.00

0.00

0.00

N/A

06/01/28

--

45,000,000.00

45,000,000.00

07/01/25

8

30509938

OF

Ewing Township

NJ

Actual/360

8.272%

294,345.33

0.00

0.00

N/A

07/01/28

--

42,700,000.00

42,700,000.00

07/01/25

9

30530267

RT

Riverside

CA

Actual/360

6.866%

211,701.67

0.00

0.00

N/A

06/06/28

--

37,000,000.00

37,000,000.00

07/06/25

10A2

30509759

MF

Austin

TX

Actual/360

7.370%

214,958.33

0.00

0.00

N/A

05/06/28

--

35,000,000.00

35,000,000.00

02/06/25

11

30321769

LO

Orlando

FL

Actual/360

8.450%

241,177.08

0.00

0.00

N/A

07/06/28

--

34,250,000.00

34,250,000.00

07/06/25

12A2

30509969

98

New York

NY

Actual/360

7.910%

224,116.67

0.00

0.00

N/A

06/06/28

--

34,000,000.00

34,000,000.00

01/06/25

13A6

30321770

OF

Houston

TX

Actual/360

7.630%

203,466.67

0.00

0.00

N/A

05/06/28

--

32,000,000.00

32,000,000.00

07/06/25

14

30509914

OF

Houston

TX

Actual/360

7.675%

199,550.00

0.00

0.00

N/A

07/06/28

--

31,200,000.00

31,200,000.00

07/06/25

15A2-1-A

30509704

OF

Jersey City

NJ

Actual/360

5.840%

97,333.33

0.00

0.00

N/A

04/06/28

--

20,000,000.00

20,000,000.00

07/06/25

15A5-2

30509991

 

 

 

Actual/360

5.840%

36,500.00

0.00

0.00

N/A

04/06/28

--

7,500,000.00

7,500,000.00

07/06/25

16A4-2-1

30509760

RT

Valley Stream

NY

Actual/360

5.899%

58,990.00

0.00

0.00

N/A

01/06/28

--

12,000,000.00

12,000,000.00

07/06/25

16A16

30530242

 

 

 

Actual/360

5.899%

73,737.50

0.00

0.00

N/A

01/06/28

--

15,000,000.00

15,000,000.00

07/06/25

17

30509738

LO

Cleveland

OH

Actual/360

7.990%

166,458.33

0.00

0.00

N/A

05/06/28

--

25,000,000.00

25,000,000.00

07/06/25

18A1

30509755

MU

Philadelphia

PA

Actual/360

7.685%

80,052.08

0.00

0.00

N/A

07/06/28

--

12,500,000.00

12,500,000.00

07/06/25

18A2

30509872

 

 

 

Actual/360

7.685%

67,243.75

0.00

0.00

N/A

07/06/28

--

10,500,000.00

10,500,000.00

07/06/25

 

 

 

 

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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

19A6

30321732

OF

Philadelphia

PA

Actual/360

7.787%

146,015.63

0.00

0.00

N/A

06/06/28

--

22,500,000.00

22,500,000.00

07/06/25

20

30509886

OF

King of Prussia

PA

Actual/360

7.690%

129,227.93

16,609.46

0.00

N/A

07/06/28

--

20,165,606.61

20,148,997.15

07/06/25

21A-1-C2A

30530269

RT

Las Vegas

NV

Actual/360

6.805%

93,609.83

0.00

0.00

N/A

06/06/28

--

16,506,046.51

16,506,046.51

07/06/25

21A-1-C2B

30509919

 

 

 

Actual/360

7.253%

14,934.12

0.00

0.00

N/A

06/06/28

--

2,470,697.67

2,470,697.67

07/06/25

21A-1-C2C

30509920

 

 

 

Actual/360

9.351%

7,973.55

0.00

0.00

N/A

06/06/28

--

1,023,255.82

1,023,255.82

07/06/25

22A3

30509767

MU

Flushing

NY

Actual/360

7.550%

125,833.33

0.00

0.00

N/A

05/05/28

--

20,000,000.00

20,000,000.00

07/05/25

23

30509915

Various     Various

Various

Actual/360

7.598%

112,083.16

0.00

0.00

N/A

07/06/28

--

17,702,000.00

17,702,000.00

07/06/25

24

30321771

LO

Mount Laurel

NJ

Actual/360

7.890%

115,062.50

0.00

0.00

N/A

07/06/28

--

17,500,000.00

17,500,000.00

07/06/25

25

30509913

RT

Tempe

AZ

Actual/360

7.040%

82,133.33

0.00

0.00

N/A

07/06/28

--

14,000,000.00

14,000,000.00

07/06/25

26

30509871

IN

Lansing

MI

Actual/360

7.470%

80,925.00

0.00

0.00

N/A

07/06/28

--

13,000,000.00

13,000,000.00

07/06/25

27

30509880

MH

Anchorage

AK

Actual/360

6.711%

62,160.64

0.00

0.00

N/A

06/06/28

--

11,115,000.00

11,115,000.00

07/06/25

28A2-C2-2

30321772

RT

Scottsdale

AZ

Actual/360

6.214%

25,892.71

0.00

0.00

N/A

03/06/28

--

5,000,000.00

5,000,000.00

07/06/25

28A2-C3-2

30321773

 

 

 

Actual/360

6.214%

25,892.71

0.00

0.00

N/A

03/06/28

--

5,000,000.00

5,000,000.00

07/06/25

29A2

30509947

OF

Knoxville

TN

Actual/360

8.000%

65,734.13

7,641.63

0.00

N/A

07/06/28

--

9,860,243.37

9,852,601.74

07/06/25

30

30321774

LO

Laurel

MD

Actual/360

7.350%

61,250.00

0.00

0.00

N/A

05/06/28

--

10,000,000.00

10,000,000.00

07/06/25

31A2

30509884

OF

Atlanta

GA

Actual/360

8.305%

61,437.39

6,524.91

0.00

N/A

06/01/28

--

8,877,166.98

8,870,642.07

07/01/25

32

30509881

SS

Teaneck

NJ

Actual/360

7.465%

53,499.17

0.00

0.00

N/A

07/06/28

--

8,600,000.00

8,600,000.00

07/06/25

33

30509879

OF

River Edge

NJ

Actual/360

7.850%

49,446.13

6,033.66

0.00

N/A

07/06/28

--

7,558,644.36

7,552,610.70

07/06/25

34

30509793

SS

Various

VA

Actual/360

5.805%

27,902.70

0.00

0.00

N/A

06/06/28

--

5,768,000.00

5,768,000.00

07/06/25

35

30509804

MH

Anchorage

AK

Actual/360

6.809%

30,241.09

0.00

0.00

N/A

06/06/28

--

5,330,000.00

5,330,000.00

07/06/25

36

30509867

RT

New York

NY

Actual/360

7.250%

30,208.33

0.00

0.00

N/A

06/06/28

--

5,000,000.00

5,000,000.00

07/06/25

37

30509768

SS

Carlisle

PA

Actual/360

7.000%

25,666.67

0.00

0.00

N/A

05/06/28

--

4,400,000.00

4,400,000.00

07/06/25

38

30509916

MF

Brooklyn

NY

Actual/360

7.200%

17,100.00

0.00

0.00

N/A

07/06/28

--

2,850,000.00

2,850,000.00

07/06/25

Totals

 

 

 

 

 

 

5,777,249.38

36,809.66

0.00

 

 

 

964,458,661.32

964,421,851.66

 

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

 

1A1-1

13,813,743.52

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

1A2-1

13,813,743.52

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

1A2-2

13,813,743.52

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

1A2-3

13,813,743.52

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

2

5,836,995.22

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

3

6,072,564.42

1,495,434.11

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

4

4,308,312.53

1,107,872.71

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5A2

13,174,670.67

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5A4

13,174,670.67

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5A6

13,174,670.67

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6A3

75,161,210.52

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6A4-3

75,161,210.52

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6A8-2-A

75,161,210.52

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

7A1

11,118,780.80

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

8

5,716,565.92

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

9

3,844,058.86

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

10A2

8,581,493.86

0.00

--

--

--

0.00

0.00

214,538.91

1,074,427.06

0.00

0.00

 

 

11

3,974,975.67

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

12A2

0.00

0.00

--

--

--

0.00

0.00

223,709.24

1,351,743.22

0.00

0.00

 

 

13A6

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

14

2,398,711.64

859,259.84

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

15A2-1-A

23,607,527.75

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

15A5-2

23,607,527.75

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

16A4-2-1

50,442,621.32

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

16A16

50,442,621.32

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

17

4,193,308.72

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

18A1

6,576,421.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

18A2

6,576,421.00

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

 

19A6

26,010,067.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

20

2,070,251.21

535,642.23

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

21A-1-C2A

50,267,881.64

11,805,198.20

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

21A-1-C2B

50,267,881.64

11,805,198.20

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

21A-1-C2C

50,267,881.64

11,805,198.20

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

22A3

5,372,338.33

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

23

2,635,236.66

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

24

3,643,326.07

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

25

1,574,375.02

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

26

1,175,576.96

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

27

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

28A2-C2-2

80,025,666.20

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

28A2-C3-2

80,025,666.20

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

29A2

2,871,873.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

30

1,918,720.79

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

31A2

3,543,655.38

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

32

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

33

938,048.06

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

34

704,353.05

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

35

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

36

480,686.31

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

37

341,769.58

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

38

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

Totals

901,696,780.17

39,413,803.49

 

 

 

0.00

0.00

438,248.15

2,426,170.28

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

0

0.00

0

0.00

2

69,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.188150%

7.172560%

35

06/17/25

0

0.00

0

0.00

2

69,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.188177%

7.172587%

36

05/16/25

0

0.00

1

35,000,000.00

1

34,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.188196%

7.172606%

37

04/17/25

1

35,000,000.00

0

0.00

1

34,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.188222%

7.172632%

38

03/17/25

0

0.00

0

0.00

1

34,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.188241%

7.172651%

39

02/18/25

0

0.00

1

34,000,000.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.188282%

7.172692%

40

01/17/25

1

34,000,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.188301%

7.172710%

41

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

 

7.188319%

7.172728%

42

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

 

7.188344%

7.172753%

43

10/18/24

1

65,500,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.188362%

7.172771%

44

09/17/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

7.188388%

7.172796%

45

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

 

7.188405%

7.172814%

46

(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

10A2

30509759

02/06/25

4

6

 

214,538.91

1,074,427.06

0.00

35,000,000.00

05/07/25

98

 

 

 

 

12A2

30509969

01/06/25

5

6

 

223,709.24

1,351,743.22

18,928.00

34,000,000.00

02/07/25

98

 

 

 

 

Totals

 

 

 

 

 

438,248.15

2,426,170.28

18,928.00

69,000,000.00

 

 

 

 

 

 

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

 

964,421,852

895,421,852

        69,000,000

0

 

37 - 48 Months

 

0

0

0

 

 

0

 

49 - 60 Months

 

0

0

0

 

 

0

 

> 60 Months

 

0

0

0

 

 

0

 

 

 

 

 

Historical Delinquency Information

 

 

 

 

 

 

 

 

Total

Current

30-59 Days

60-89 Days

   90+ Days

REO/Foreclosure

 

 

Jul-25

964,421,852

895,421,852

0

0

69,000,000

0

 

Jun-25

964,458,661

895,458,661

0

0

69,000,000

0

 

May-25

964,485,097

895,485,097

0

35,000,000

34,000,000

0

 

Apr-25

964,521,493

895,521,493

35,000,000

0

34,000,000

0

 

Mar-25

964,547,505

930,547,505

0

0

34,000,000

0

 

Feb-25

964,603,814

930,603,814

0

34,000,000

0

 

0

 

Jan-25

964,629,269

930,629,269

34,000,000

0

0

 

0

 

Dec-24

964,654,554

964,654,554

0

0

0

 

0

 

Nov-24

964,689,844

964,689,844

0

0

0

 

0

 

Oct-24

964,714,719

899,214,719

65,500,000

0

0

 

0

 

Sep-24

964,749,616

964,749,616

0

0

0

 

0

 

Aug-24

964,774,089

964,774,089

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

10A2

30509759

35,000,000.00

35,000,000.00

187,000,000.00

03/27/23

8,371,493.86

1.02000

12/31/24

05/06/28

I/O

12A2

30509969

34,000,000.00

34,000,000.00

72,100,000.00

04/25/23

4,801,893.18

1.35000

--

06/06/28

I/O

Totals

 

69,000,000.00

69,000,000.00

259,100,000.00

 

13,173,387.04

 

 

 

 

 

 

 

 

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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

 

10A2

30509759

MF

TX

05/07/25

98

 

 

 

 

7/11/2025 - The loan transferred to Special Servicing due to a monetary payment default. A pre-negotiation agreement was executed and special servicer engaged third-party due diligence reports and is in active discussions with the Borrower

 

while evaluating all potential strategies to maximize the recovery to the trust.

 

 

 

 

 

12A2

30509969

98

NY

02/07/25

98

 

 

 

 

7/11/2025 - Transfer to SS 2/7/25 due to loan payment default. NOD sent 3/27/25. PNA executed 4/2/25. Partial financial information has been received from the Borrower. As of 12/31/24, NCF is reported by the Borrower as $3.10M, a 0.88x

 

DSCR. Appraisals have been received and are under review. A property condition assessment was requested, however the borrower has not allowed access to the property. Negotiations are ongoing via counsel.

 

 

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

 

 

 

 

No modified loans this period

 

 

 

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)

4

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

19.29

0.00

0.00

0.00

10A2

0.00

0.00

7,291.67

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

12A2

0.00

0.00

7,083.33

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

17

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

92.05

0.00

0.00

0.00

36

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

4.90

0.00

0.00

0.00

Total

0.00

0.00

14,375.00

0.00

0.00

0.00

0.00

0.00

116.24

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

14,491.24

 

 

 

 

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Page 26 of 27

 


 
 

 

     

 

Supplemental Notes

 

 

None

 

 

 

 

 

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Page 27 of 27