EX-99.1 2 bmk24v05_ex991-202507.htm bmk24v05_ex991-202507.htm - Generated by SEC Publisher for SEC Filing

 

     

Distribution Date:

07/11/25

Benchmark 2024-V5 Mortgage Trust

Determination Date:

07/07/25

 

Next Distribution Date:

08/12/25

 

Record Date:

06/30/25

Commercial Mortgage Pass-Through Certificates

 

 

Series 2024-V5

 

         

Table of Contents

 

 

Contacts

 

 

Section

Pages

Role

Party and Contact Information

 

 

Certificate Distribution Detail

2

Depositor

Deutsche Mortgage & Asset Receiving Corporation

 

 

Certificate Factor Detail

3

 

Helaine M. Kaplan

cmbs.requests@db.com

 

Certificate Interest Reconciliation Detail

4

 

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

 

 

 

Certificate Administrator

Computershare Trust Company, N.A.

 

Additional Information

5

 

 

 

 

 

 

Corporate Trust Services (CMBS)

cctcmbsbondadmin@computershare.com;

Bond / Collateral Reconciliation - Cash Flows

6

 

 

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, National

 

 

 

 

Association

 

Mortgage Loan Detail (Part 1)

13-14

 

Attention: Executive Vice President – Division Head

NoticeAdmin@midlandls.com;

Mortgage Loan Detail (Part 2)

15-16

 

 

AskMidland@midlandls.com

 

 

 

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

 

Principal Prepayment Detail

17

 

 

 

 

 

Special Servicer

Rialto Capital Advisors, LLC

 

Historical Detail

18

 

 

 

 

 

 

Liat Heller

liat.heller@rialtocapital.com

 

Delinquency Loan Detail

19

 

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

 

 

Collateral Stratification and Historical Detail

20

Operating Advisor & Asset

BellOak, LLC

 

 

Specially Serviced Loan Detail - Part 1

21

Representations Reviewer

 

 

 

 

 

Attention: Reporting

Reporting@belloakadvisors.com

Specially Serviced Loan Detail - Part 2

22

 

 

 

 

 

 

200 N. Pacific Coast Highway, Suite 1400 | El Segundo, CA 90245 | United States

 

Modified Loan Detail

23

 

 

 

 

 

Trustee

Computershare Trust Company, N.A.

 

 

Historical Liquidated Loan Detail

24

 

Corporate Trust Services (CMBS)

cctcmbsbondadmin@computershare.com;

Historical Bond / Collateral Loss Reconciliation Detail

25

 

 

trustadministrationgroup@computershare.com

 

 

 

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

 

Interest Shortfall Detail - Collateral Level

26

 

 

 

 

 

Directing Holder

RREF IV Debt AIV, LP, c/o Rialto Capital Management LLC

 

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

08163XAW3

5.323500%

365,000.00

270,639.57

6,588.53

1,200.62

0.00

0.00

7,789.15

264,051.04

30.00%

30.00%

A-3

08163XAY9

5.805300%

600,884,000.00

600,884,000.00

0.00

2,906,926.57

0.00

0.00

2,906,926.57

600,884,000.00

30.00%

30.00%

A-M

08163XBA0

6.417100%

120,250,000.00

120,250,000.00

0.00

643,046.90

0.00

0.00

643,046.90

120,250,000.00

16.00%

16.00%

B

08163XBB8

6.059400%

37,578,000.00

37,578,000.00

0.00

189,750.11

0.00

0.00

189,750.11

37,578,000.00

11.63%

11.63%

C

08163XBC6

6.972517%

26,842,000.00

26,842,000.00

0.00

155,963.59

0.00

0.00

155,963.59

26,842,000.00

8.50%

8.50%

D

08163XAG8

4.000000%

12,884,000.00

12,884,000.00

0.00

42,946.67

0.00

0.00

42,946.67

12,884,000.00

7.00%

7.00%

E

08163XAJ2

4.000000%

8,589,000.00

8,589,000.00

0.00

28,630.00

0.00

0.00

28,630.00

8,589,000.00

6.00%

6.00%

F

08163XAL7

4.000000%

15,031,000.00

15,031,000.00

0.00

50,103.33

0.00

0.00

50,103.33

15,031,000.00

4.25%

4.25%

G-RR

08163XAN3

6.972517%

8,589,000.00

8,589,000.00

0.00

49,905.79

0.00

0.00

49,905.79

8,589,000.00

3.25%

3.25%

J-RR*

08163XAQ6

6.972517%

27,915,964.00

27,915,964.00

0.00

149,630.53

0.00

0.00

149,630.53

27,915,964.00

0.00%

0.00%

VRR Interest

08163XAU7

6.972517%

25,880,653.00

25,877,809.79

198.52

149,982.38

0.00

0.00

150,180.90

25,877,611.27

0.00%

0.00%

R

08163XAS2

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

884,808,617.00

884,711,413.36

6,787.05

4,368,086.49

0.00

0.00

4,374,873.54

884,704,626.31

 

 

 

 

X-A

08163XAZ6

1.065418%

721,499,000.00

721,404,639.57

0.00

640,497.93

0.00

0.00

640,497.93

721,398,051.04

 

 

X-B

08163XAA1

0.913117%

37,578,000.00

37,578,000.00

0.00

28,594.27

0.00

0.00

28,594.27

37,578,000.00

 

 

X-D

08163XAC7

2.972517%

21,473,000.00

21,473,000.00

0.00

53,190.72

0.00

0.00

53,190.72

21,473,000.00

 

 

X-F

08163XAE3

2.972517%

15,031,000.00

15,031,000.00

0.00

37,233.26

0.00

0.00

37,233.26

15,031,000.00

 

 

Notional SubTotal

 

795,581,000.00

795,486,639.57

0.00

759,516.18

0.00

0.00

759,516.18

795,480,051.04

 

 

 

Deal Distribution Total

 

 

 

6,787.05

5,127,602.67

0.00

0.00

5,134,389.72

 

 

 

 

*

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

08163XAW3

741.47827397

18.05076712

3.28936986

0.00000000

0.00000000

0.00000000

0.00000000

21.34013699

723.42750685

A-3

08163XAY9

1,000.00000000

0.00000000

4.83775000

0.00000000

0.00000000

0.00000000

0.00000000

4.83775000

1,000.00000000

A-M

08163XBA0

1,000.00000000

0.00000000

5.34758337

0.00000000

0.00000000

0.00000000

0.00000000

5.34758337

1,000.00000000

B

08163XBB8

1,000.00000000

0.00000000

5.04949997

0.00000000

0.00000000

0.00000000

0.00000000

5.04949997

1,000.00000000

C

08163XBC6

1,000.00000000

0.00000000

5.81043104

0.00000000

0.00000000

0.00000000

0.00000000

5.81043104

1,000.00000000

D

08163XAG8

1,000.00000000

0.00000000

3.33333359

0.00000000

0.00000000

0.00000000

0.00000000

3.33333359

1,000.00000000

E

08163XAJ2

1,000.00000000

0.00000000

3.33333333

0.00000000

0.00000000

0.00000000

0.00000000

3.33333333

1,000.00000000

F

08163XAL7

1,000.00000000

0.00000000

3.33333311

0.00000000

0.00000000

0.00000000

0.00000000

3.33333311

1,000.00000000

G-RR

08163XAN3

1,000.00000000

0.00000000

5.81043078

0.00000000

0.00000000

0.00000000

0.00000000

5.81043078

1,000.00000000

J-RR

08163XAQ6

1,000.00000000

0.00000000

5.36003449

0.45039677

2.84989263

0.00000000

0.00000000

5.36003449

1,000.00000000

VRR Interest

08163XAU7

999.89014149

0.00767059

5.79515440

0.01463835

0.09262402

0.00000000

0.00000000

5.80282499

999.88247089

R

08163XAS2

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

08163XAZ6

999.86921613

0.00000000

0.88773225

0.00000000

0.00000000

0.00000000

0.00000000

0.88773225

999.86008441

X-B

08163XAA1

1,000.00000000

0.00000000

0.76093113

0.00000000

0.00000000

0.00000000

0.00000000

0.76093113

1,000.00000000

X-D

08163XAC7

1,000.00000000

0.00000000

2.47709775

0.00000000

0.00000000

0.00000000

0.00000000

2.47709775

1,000.00000000

X-F

08163XAE3

1,000.00000000

0.00000000

2.47709800

0.00000000

0.00000000

0.00000000

0.00000000

2.47709800

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

1,200.62

0.00

1,200.62

0.00

0.00

0.00

1,200.62

0.00

 

A-3

06/01/25 - 06/30/25

30

0.00

2,906,926.57

0.00

2,906,926.57

0.00

0.00

0.00

2,906,926.57

0.00

 

X-A

06/01/25 - 06/30/25

30

0.00

640,497.93

0.00

640,497.93

0.00

0.00

0.00

640,497.93

0.00

 

X-B

06/01/25 - 06/30/25

30

0.00

28,594.27

0.00

28,594.27

0.00

0.00

0.00

28,594.27

0.00

 

X-D

06/01/25 - 06/30/25

30

0.00

53,190.72

0.00

53,190.72

0.00

0.00

0.00

53,190.72

0.00

 

X-F

06/01/25 - 06/30/25

30

0.00

37,233.26

0.00

37,233.26

0.00

0.00

0.00

37,233.26

0.00

 

A-M

06/01/25 - 06/30/25

30

0.00

643,046.90

0.00

643,046.90

0.00

0.00

0.00

643,046.90

0.00

 

B

06/01/25 - 06/30/25

30

0.00

189,750.11

0.00

189,750.11

0.00

0.00

0.00

189,750.11

0.00

 

C

06/01/25 - 06/30/25

30

0.00

155,963.59

0.00

155,963.59

0.00

0.00

0.00

155,963.59

0.00

 

D

06/01/25 - 06/30/25

30

0.00

42,946.67

0.00

42,946.67

0.00

0.00

0.00

42,946.67

0.00

 

E

06/01/25 - 06/30/25

30

0.00

28,630.00

0.00

28,630.00

0.00

0.00

0.00

28,630.00

0.00

 

F

06/01/25 - 06/30/25

30

0.00

50,103.33

0.00

50,103.33

0.00

0.00

0.00

50,103.33

0.00

 

G-RR

06/01/25 - 06/30/25

30

0.00

49,905.79

0.00

49,905.79

0.00

0.00

0.00

49,905.79

0.00

 

J-RR

06/01/25 - 06/30/25

30

66,984.24

162,203.79

0.00

162,203.79

12,573.26

0.00

0.00

149,630.53

79,557.50

 

VRR Interest

06/01/25 - 06/30/25

30

2,018.32

150,361.23

0.00

150,361.23

378.85

0.00

0.00

149,982.38

2,397.17

 

Totals

 

 

69,002.56

5,140,554.78

0.00

5,140,554.78

12,952.11

0.00

0.00

5,127,602.67

81,954.67

 

 

 

 

 

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Page 4 of 27

 


 

 

     

 

Additional Information

 

 

Total Available Distribution Amount (1)

5,134,389.72

 

Excess Liquidation Proceeds Reserve Account Summary

 

 

Beginning Balance

0.00

 

Deposit Amount

0.00

 

Withdrawal Amount

0.00

 

Ending Balance

0.00

 

(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

5,155,120.10

Master Servicing Fee

4,826.12

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

7,851.81

Interest Adjustments

0.00

Trustee Fee

0.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

368.63

ARD Interest

0.00

Operating Advisor Fee

1,518.75

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

5,155,120.10

Total Fees

14,565.32

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

6,787.05

Reimbursement for Interest on Advances

(139.60)

Unscheduled Principal Collections

 

ASER Amount

8,091.71

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

5,000.00

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

6,787.05

Total Expenses/Reimbursements

12,952.11

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

5,127,602.67

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

6,787.05

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

0.00

 

 

Borrower Option Extension Fees

0.00

 

Total Other Collected

0.00

Total Payments to Certificateholders and Others

5,134,389.72

Total Funds Collected

5,161,907.15

Total Funds Distributed

5,161,907.15

 

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Page 6 of 27

 


 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

Total

 

Total

Beginning Scheduled Collateral Balance

884,711,413.36

884,711,413.36

Beginning Certificate Balance

884,711,413.36

(-) Scheduled Principal Collections

6,787.05

6,787.05

(-) Principal Distributions

6,787.05

(-) 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

884,704,626.31

884,704,626.31

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

884,711,413.36

884,711,413.36

Ending Certificate Balance

884,704,626.31

Ending Actual Collateral Balance

884,704,626.31

884,704,626.31

 

 

 

 

 

 

 

NRA/WODRA Reconciliation

 

Under / Over Collateralization Reconciliation

 

 

 

Non-Recoverable Advances (NRA) from

Workout Delayed Reimbursement of Advances

 

 

 

 

Principal

(WODRA) from Principal

Beginning UC / (OC)

0.00

Beginning Cumulative Advances

0.00

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

0.00

Ending Cumulative Advances

0.00

0.00

Net WAC Rate

6.97%

 

 

 

 

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

15

89,537,676.31

10.12%

41

7.6042

1.233243

1.49 or less

19

298,730,000.00

33.77%

42

7.1889

1.007518

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

17

231,375,000.00

26.15%

41

7.2560

1.481740

1.50 to 1.99

22

420,857,676.31

47.57%

41

7.2365

1.677669

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

6

136,366,950.00

15.41%

42

6.8186

1.944197

2.00 to 2.81

7

165,116,950.00

18.66%

42

6.0140

2.342593

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

6

186,925,000.00

21.13%

42

7.2392

1.391312

2.82 or greater

0

0.00

0.00%

0

0.0000

0.000000

$40,000,000.00 or greater

4

240,500,000.00

27.18%

42

6.4173

1.727163

Totals

48

884,704,626.31

100.00%

42

6.9923

1.575483

 

Totals

48

884,704,626.31

100.00%

42

6.9923

1.575483

 

 

 

 

 

 

 

(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 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

10,336,468.00

1.17%

42

6.0373

1.456430

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial

14

139,616,950.00

15.78%

42

6.8303

1.917778

Arkansas

18

33,738,411.00

3.81%

41

5.8420

2.075539

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lodging

6

108,937,676.31

12.31%

41

7.8994

1.226086

California

3

59,106,000.00

6.68%

42

7.4953

2.031375

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed Use

2

9,647,000.00

1.09%

40

8.4532

1.154907

Connecticut

3

4,185,000.00

0.47%

41

7.4800

1.730000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mobile Home Park

1

18,100,000.00

2.05%

42

7.2750

1.910000

Florida

3

102,000,000.00

11.53%

41

7.6006

1.622634

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Family

27

258,492,999.99

29.22%

42

7.0546

1.214666

Georgia

4

22,606,000.00

2.56%

42

6.5236

0.377089

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

1

18,440,000.00

2.08%

42

6.6700

1.280000

Illinois

3

68,079,618.00

7.70%

42

7.0473

1.556640

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

7

236,360,000.00

26.72%

42

7.0621

1.836332

Indiana

4

6,310,839.00

0.71%

41

5.9924

2.052628

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Self Storage

44

95,110,000.00

10.75%

41

5.7087

1.841891

Louisiana

4

18,915,339.00

2.14%

41

5.8865

1.827774

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

102

884,704,626.31

100.00%

42

6.9923

1.575483

Michigan

9

115,176,000.00

13.02%

42

7.1925

1.194116

 

 

 

 

 

 

 

 

Mississippi

7

11,211,834.00

1.27%

42

5.0979

2.430740

 

 

 

 

 

 

 

 

Missouri

1

5,358,203.00

0.61%

43

5.6900

2.580000

 

 

 

 

 

 

 

 

Nebraska

1

20,431,000.00

2.31%

41

7.5850

1.810000

 

 

 

 

 

 

 

 

New Jersey

8

80,985,333.00

9.15%

42

6.6756

2.011169

 

 

 

 

 

 

 

 

New York

9

86,399,999.99

9.77%

42

7.1786

1.279861

 

 

 

 

 

 

 

 

North Carolina

2

30,250,000.00

3.42%

42

7.7595

1.108843

 

 

 

 

 

 

 

 

Ohio

5

26,305,179.31

2.97%

41

6.6596

1.841371

 

 

 

 

 

 

 

 

Pennsylvania

1

6,666,667.00

0.75%

40

8.7050

1.700000

 

 

 

 

 

 

 

 

South Carolina

3

27,544,183.00

3.11%

42

6.1057

1.608606

 

 

 

 

 

 

 

 

Tennessee

2

16,253,000.00

1.84%

40

7.9694

1.629110

 

 

 

 

 

 

 

 

Texas

3

37,354,166.00

4.22%

42

7.3434

1.123845

 

 

 

 

 

 

 

 

Virginia

1

73,960,000.00

8.36%

41

6.6006

1.720000

 

 

 

 

 

 

 

 

Wisconsin

2

21,531,386.00

2.43%

42

6.5293

1.466649

 

 

 

 

 

 

 

 

Totals

102

884,704,626.31

100.00%

42

6.9923

1.575483

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

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

 

5.9999% or less

2

85,116,950.00

9.62%

42

4.9141

2.384387

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

6.0000% to 6.4999%

1

11,350,000.00

1.28%

42

6.3090

(0.320000)

13 months or greater

48

884,704,626.31

100.00%

42

6.9923

1.575483

 

6.5000% to 6.9999%

16

341,650,000.00

38.62%

42

6.6853

1.552204

Totals

48

884,704,626.31

100.00%

42

6.9923

1.575483

 

7.0000 or greater

29

446,587,676.31

50.48%

42

7.6406

1.487293

 

 

 

 

 

 

 

 

Totals

48

884,704,626.31

100.00%

42

6.9923

1.575483

 

 

 

 

 

 

 

(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 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

 

59 months or less

48

884,704,626.31

100.00%

42

6.9923

1.575483

Interest Only

47

876,308,617.00

99.05%

42

6.9864

1.574673

 

60 months or greater

0

0.00

0.00%

0

0.0000

0.000000

359 or less

1

8,396,009.31

0.95%

42

7.6100

1.660000

 

Totals

48

884,704,626.31

100.00%

42

6.9923

1.575483

360 or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

48

884,704,626.31

100.00%

42

6.9923

1.575483

(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

7

139,000,000.00

15.71%

42

7.0033

1.520563

 

 

No outstanding loans in this group

 

 

12 months or less

41

745,704,626.31

84.29%

42

6.9902

1.585720

 

 

 

 

 

 

13 months to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

25 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

48

884,704,626.31

100.00%

42

6.9923

1.575483

 

 

 

 

 

(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 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

1

30322144

MF

Various

MI

Actual/360

7.320%

457,500.00

0.00

0.00

N/A

01/06/29

--

75,000,000.00

75,000,000.00

07/06/25

2A1-2

30322145

RT

McLean

VA

Actual/360

6.601%

165,015.00

0.00

0.00

N/A

12/06/28

--

30,000,000.00

30,000,000.00

07/06/25

2A1-4

30322146

 

 

 

Actual/360

6.601%

55,005.00

0.00

0.00

N/A

12/06/28

--

10,000,000.00

10,000,000.00

07/06/25

2A2-2

30322147

 

 

 

Actual/360

6.601%

110,010.00

0.00

0.00

N/A

12/06/28

--

20,000,000.00

20,000,000.00

07/06/25

2A2-4

30322148

 

 

 

Actual/360

6.601%

76,786.98

0.00

0.00

N/A

12/06/28

--

13,960,000.00

13,960,000.00

07/06/25

3A1

30322149

IN

Various

Various

Actual/360

7.585%

189,625.00

0.00

0.00

N/A

12/06/28

--

30,000,000.00

30,000,000.00

07/06/25

3A2

30322150

 

 

 

Actual/360

7.585%

94,812.50

0.00

0.00

N/A

12/06/28

--

15,000,000.00

15,000,000.00

07/06/25

3A3

30322151

 

 

 

Actual/360

7.585%

63,208.33

0.00

0.00

N/A

12/06/28

--

10,000,000.00

10,000,000.00

07/06/25

3A4

30322152

 

 

 

Actual/360

7.585%

31,604.17

0.00

0.00

N/A

12/06/28

--

5,000,000.00

5,000,000.00

07/06/25

4A1

30510308

LO

Orlando

FL

Actual/360

7.750%

193,750.00

0.00

0.00

N/A

12/06/28

--

30,000,000.00

30,000,000.00

07/06/25

4A2

30510331

 

 

 

Actual/360

7.750%

96,875.00

0.00

0.00

N/A

12/06/28

--

15,000,000.00

15,000,000.00

07/06/25

4A3

30510332

 

 

 

Actual/360

7.750%

96,875.00

0.00

0.00

N/A

12/06/28

--

15,000,000.00

15,000,000.00

07/06/25

5A1

30510392

MF

Various

NY

Actual/360

6.910%

345,500.00

0.00

0.00

N/A

01/06/29

--

60,000,000.00

60,000,000.00

07/06/25

6

30510348

SS

Various

Various

Actual/360

4.500%

208,125.00

0.00

0.00

N/A

12/06/28

--

55,500,000.00

55,500,000.00

07/06/25

7A1

30510350

IN

Manteno

IL

Actual/360

6.600%

275,000.00

0.00

0.00

N/A

01/06/29

--

50,000,000.00

50,000,000.00

07/06/25

8A1-C1

30322153

RT

Paramus

NJ

Actual/360

6.613%

110,216.67

0.00

0.00

N/A

01/06/29

--

20,000,000.00

20,000,000.00

07/06/25

8A1-C2

30322154

 

 

 

Actual/360

6.613%

55,108.33

0.00

0.00

N/A

01/06/29

--

10,000,000.00

10,000,000.00

07/06/25

8A2-C1

30322155

 

 

 

Actual/360

6.613%

82,662.50

0.00

0.00

N/A

01/06/29

--

15,000,000.00

15,000,000.00

07/06/25

9

30510387

RT

Fort Lauderdale

FL

Actual/360

7.310%

219,300.00

0.00

0.00

N/A

01/06/29

--

36,000,000.00

36,000,000.00

07/06/25

10A2-1

30322159

RT

Riverside

CA

Actual/360

7.919%

131,983.33

0.00

0.00

N/A

01/01/29

--

20,000,000.00

20,000,000.00

07/01/25

10A2-2

30322160

 

 

 

Actual/360

7.919%

98,987.50

0.00

0.00

N/A

01/01/29

--

15,000,000.00

15,000,000.00

07/01/25

11

30510353

SS

San Antonio

TX

Actual/360

7.420%

191,219.58

0.00

0.00

N/A

01/06/29

--

30,925,000.00

30,925,000.00

07/06/25

12

30510354

MF

Various

MI

Actual/360

6.750%

168,750.00

0.00

0.00

N/A

01/06/29

--

30,000,000.00

30,000,000.00

06/06/25

13

30530294

IN

Various

Various

Actual/360

5.690%

140,433.70

0.00

0.00

N/A

02/06/29

--

29,616,950.00

29,616,950.00

07/06/25

14

30510279

MF

Jersey City

NJ

Actual/360

6.630%

138,125.00

0.00

0.00

N/A

12/06/28

--

25,000,000.00

25,000,000.00

07/06/25

15

30530293

RT

Burlington

NC

Actual/360

7.950%

144,093.75

0.00

0.00

N/A

01/06/29

--

21,750,000.00

21,750,000.00

07/06/25

16

30510371

RT

Summerville

SC

Actual/360

6.600%

102,575.00

0.00

0.00

N/A

01/06/29

--

18,650,000.00

18,650,000.00

07/06/25

17

30510342

98

Appleton

WI

Actual/360

6.670%

102,495.67

0.00

0.00

N/A

01/06/29

--

18,440,000.00

18,440,000.00

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

18A1

30510372

MF

Various

Various

Actual/360

6.740%

56,166.67

0.00

0.00

N/A

01/06/29

--

10,000,000.00

10,000,000.00

06/06/25

18A2

30510373

 

 

 

Actual/360

6.740%

46,899.17

0.00

0.00

N/A

01/06/29

--

8,350,000.00

8,350,000.00

06/06/25

19

30322143

MH

La Verne

CA

Actual/360

7.275%

109,731.25

0.00

0.00

N/A

01/06/29

--

18,100,000.00

18,100,000.00

07/06/25

20

30510271

LO

Schaumburg

IL

Actual/360

8.950%

114,671.88

0.00

0.00

N/A

12/06/28

--

15,375,000.00

15,375,000.00

07/06/25

21

30510386

MF

Riverdale

GA

Actual/360

6.309%

59,672.62

0.00

0.00

N/A

01/06/29

--

11,350,000.00

11,350,000.00

07/06/25

22

30510259

MF

Memphis

TN

Actual/360

8.180%

71,575.00

0.00

0.00

N/A

11/06/28

--

10,500,000.00

10,500,000.00

07/06/25

23A2

30510298

LO

New York

NY

Actual/360

7.420%

61,833.33

0.00

0.00

N/A

11/06/28

--

10,000,000.00

10,000,000.00

07/06/25

24

30510356

MF

Baton Rouge

LA

Actual/360

7.290%

57,105.00

0.00

0.00

N/A

01/06/29

--

9,400,000.00

9,400,000.00

08/06/24

25

30510385

LO

Maumee

OH

Actual/360

7.610%

53,287.73

6,787.05

0.00

N/A

01/06/29

--

8,402,796.36

8,396,009.31

07/06/25

26

30510344

LO

Greensboro

NC

Actual/360

7.272%

51,510.00

0.00

0.00

N/A

01/06/29

--

8,500,000.00

8,500,000.00

07/06/25

27

30510234

MU

Brooklyn

NY

Actual/360

8.590%

59,414.17

0.00

0.00

N/A

11/06/28

--

8,300,000.00

8,300,000.00

07/06/25

28

30510389

Various       Jersey City

NJ

Actual/360

7.610%

48,830.83

0.00

0.00

N/A

01/06/29

--

7,700,000.00

7,700,000.00

07/06/25

29A7

30510219

LO

Philadelphia

PA

Actual/360

8.705%

48,361.11

0.00

0.00

N/A

11/06/28

--

6,666,667.00

6,666,667.00

07/06/25

30

30510312

RT

West Palm Beach

FL

Actual/360

7.850%

39,250.00

0.00

0.00

N/A

12/06/28

--

6,000,000.00

6,000,000.00

07/06/25

31

30510345

MF

New York

NY

Actual/360

7.300%

32,241.67

0.00

0.00

N/A

01/06/29

--

5,300,000.00

5,300,000.00

06/06/25

32

30510343

MF

Lubbock

TX

Actual/360

7.551%

27,938.70

0.00

0.00

N/A

01/06/29

--

4,440,000.00

4,440,000.00

07/06/25

33

30510311

SS

Various

CT

Actual/360

7.480%

26,086.50

0.00

0.00

N/A

12/06/28

--

4,185,000.00

4,185,000.00

07/06/25

34

30510346

MF

Ridgewood

NY

Actual/360

7.660%

17,873.33

0.00

0.00

N/A

01/06/29

--

2,800,000.00

2,800,000.00

06/06/25

35

30510231

SS

Howell

MI

Actual/360

7.460%

13,987.50

0.00

0.00

N/A

11/06/28

--

2,250,000.00

2,250,000.00

07/06/25

36

30510377

SS

Enon

OH

Actual/360

6.955%

13,040.63

0.00

0.00

N/A

12/06/28

--

2,250,000.00

2,250,000.00

07/06/25

Totals

 

 

 

 

 

 

5,155,120.10

6,787.05

0.00

 

 

 

884,711,413.36

884,704,626.31

 

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

 

1

8,360,390.19

5,824,766.34

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

2A1-2

83,578,318.24

20,644,244.01

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

2A1-4

83,578,318.24

20,644,244.01

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

2A2-2

83,578,318.24

20,644,244.01

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

2A2-4

83,578,318.24

20,644,244.01

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

3A1

7,947,500.63

2,144,251.58

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

12,706.08

0.00

 

 

3A2

7,947,500.63

2,144,251.58

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

3A3

7,947,500.63

2,144,251.58

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

3A4

7,947,500.63

2,144,251.58

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

4A1

13,309,433.51

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

4A2

13,309,433.51

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

4A3

13,309,433.51

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

5A1

6,865,236.78

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6

5,948,783.03

5,880,465.66

04/01/24

03/31/25

--

0.00

0.00

0.00

0.00

63,162.11

0.00

 

 

7A1

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

123,949.18

0.00

 

 

8A1-C1

89,421,814.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

8A1-C2

89,421,814.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

8A2-C1

89,421,814.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

9

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

10A2-1

24,226,309.01

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

10A2-2

24,226,309.01

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

11

2,813,567.14

2,762,152.14

04/01/24

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

12

326,493.27

0.00

--

--

--

0.00

0.00

168,437.50

168,437.50

0.00

0.00

 

 

13

4,505,672.08

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

14

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

15

2,939,613.76

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

16

1,643,020.12

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

17

1,662,535.67

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

 

18A1

1,445,056.51

0.00

--

--

--

0.00

0.00

56,145.84

56,145.84

0.00

0.00

 

 

18A2

1,445,056.51

0.00

--

--

--

0.00

0.00

46,881.77

46,881.77

0.00

0.00

 

 

19

2,244,585.15

642,613.84

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

20

1,862,197.16

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

21

(207,302.48)

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

22

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

23A2

12,004,199.43

(693,506.70)

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

24

0.00

0.00

--

--

07/07/25

1,332,426.34

37,110.14

48,890.23

598,440.82

210,742.53

0.00

 

 

25

1,230,505.15

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

26

97,290.47

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

27

1,213,178.61

203,753.29

01/01/25

03/31/25

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

28

822,121.60

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

29A7

38,297,880.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

30

799,389.25

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

31

0.00

0.00

--

--

--

0.00

0.00

32,230.63

32,230.63

0.00

0.00

 

 

32

85,285.67

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

33

556,300.61

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

34

0.00

0.00

--

--

--

0.00

0.00

17,867.50

17,867.50

0.00

0.00

 

 

35

200,060.63

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

36

188,179.34

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

Totals

820,098,931.68

105,774,226.93

 

 

 

1,332,426.34

37,110.14

370,453.47

920,004.06

410,559.90

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

07/11/25

0

0.00

0

0.00

1

9,400,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.992269%

6.972513%

42

06/12/25

0

0.00

0

0.00

1

9,400,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.992273%

6.972517%

43

05/12/25

0

0.00

0

0.00

1

9,400,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.992277%

6.972521%

44

04/11/25

0

0.00

0

0.00

1

9,400,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.992282%

6.972526%

45

03/12/25

0

0.00

0

0.00

1

9,400,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.992285%

6.972529%

46

02/12/25

0

0.00

0

0.00

1

9,400,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.992292%

6.972536%

47

01/13/25

1

25,000,000.00

0

0.00

1

9,400,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.992295%

6.972540%

48

12/12/24

0

0.00

0

0.00

1

9,400,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.992299%

6.972543%

49

11/13/24

0

0.00

1

9,400,000.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.992303%

6.972548%

50

10/11/24

1

9,400,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.992307%

6.972551%

51

09/12/24

1

9,400,000.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.992311%

6.972555%

52

08/12/24

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

 

6.992314%

6.972559%

53

(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

12

30510354

06/06/25

0

B

 

168,437.50

168,437.50

0.00

 

30,000,000.00

 

 

 

 

 

 

18A1

30510372

06/06/25

0

B

 

56,145.84

56,145.84

0.00

 

10,000,000.00

 

 

 

 

 

 

18A2

30510373

06/06/25

0

B

 

46,881.77

46,881.77

0.00

 

8,350,000.00

 

 

 

 

 

 

24

30510356

08/06/24

10

6

 

48,890.23

598,440.82

225,222.25

9,400,000.00

11/07/24

2

 

 

 

 

31

30510345

06/06/25

0

B

 

32,230.63

32,230.63

0.00

 

5,300,000.00

 

 

 

 

 

 

34

30510346

06/06/25

0

B

 

17,867.50

17,867.50

0.00

 

2,800,000.00

 

 

 

 

 

 

Totals

 

 

 

 

 

370,453.47

920,004.06

225,222.25

65,850,000.00

 

 

 

 

 

 

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

 

0

0

0

 

 

0

 

37 - 48 Months

 

884,704,626

875,304,626

9,400,000

 

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

884,704,626

875,304,626

0

0

 

9,400,000

0

 

Jun-25

884,711,413

875,311,413

0

0

 

9,400,000

0

 

May-25

884,716,392

875,316,392

0

0

 

9,400,000

0

 

Apr-25

884,723,104

875,323,104

0

0

 

9,400,000

0

 

Mar-25

884,728,006

875,328,006

0

0

 

9,400,000

0

 

Feb-25

884,738,188

875,338,188

0

0

 

9,400,000

0

 

Jan-25

884,742,991

850,342,991

25,000,000

0

 

9,400,000

0

 

Dec-24

884,747,764

875,347,764

0

0

 

9,400,000

0

 

Nov-24

884,754,279

875,354,279

0

9,400,000

 

0

0

 

Oct-24

884,758,978

875,358,978

9,400,000

0

 

0

0

 

Sep-24

884,765,423

875,365,423

9,400,000

0

 

0

0

 

Aug-24

884,770,049

884,770,049

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

24

30510356

9,400,000.00

9,400,000.00

9,900,000.00

05/02/25

1,005,769.37

1.37000

--

01/06/29

I/O

Totals

 

9,400,000.00

9,400,000.00

9,900,000.00

 

1,005,769.37

 

 

 

 

 

 

 

 

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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

 

24

30510356

MF

LA

11/07/24

2

 

 

 

 

"7/7/2025 - Loan has on 11/7/24 transferred to SS for payment default. We have reached out to the borrower concerning a PNL and they do not respond. We now have approval to foreclose and seek a court-appointed Keeper. Have engaged

 

outside counsel and are initiating the approval process to foreclose and seek a Keeper.

 

 

 

 

 

Counsel is starting the foreclosure process."

 

 

 

 

 

 

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)

18A1

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(46.79)

0.00

0.00

0.00

18A2

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(39.07)

0.00

0.00

0.00

24

0.00

0.00

5,000.00

0.00

0.00

8,091.71

0.00

0.00

0.00

0.00

0.00

0.00

31

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(36.04)

0.00

0.00

0.00

34

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(17.70)

0.00

0.00

0.00

Total

0.00

0.00

5,000.00

0.00

0.00

8,091.71

0.00

0.00

(139.60)

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

12,952.11

 

 

 

 

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Page 26 of 27

 


 

 

     

 

Supplemental Notes

 

 

None

 

 

 

 

 

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Page 27 of 27