0001888524-24-006834.txt : 20240501 0001888524-24-006834.hdr.sgml : 20240501 20240501144511 ACCESSION NUMBER: 0001888524-24-006834 CONFORMED SUBMISSION TYPE: 10-D PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240417 0001547361 0001541557 FILED AS OF DATE: 20240501 DATE AS OF CHANGE: 20240501 ABS ASSET CLASS: Commercial mortgages FILER: COMPANY DATA: COMPANY CONFORMED NAME: Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9 CENTRAL INDEX KEY: 0001571237 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-180779-03 FILM NUMBER: 24902426 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-761-4000 MAIL ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 10-D 1 msb13c09_10d-202404.htm msb13c09_10d-202404.htm - Generated by SEC Publisher for SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549

FORM 10-D

ASSET BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from:   March 16, 2024 to April 17, 2024

Commission File Number of issuing entity:  333-180779-03

Central Index Key Number of issuing entity:  0001571237

Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9
(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor:  333-180779

Central Index Key Number of depositor:  0001547361

Morgan Stanley Capital I Inc.
(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001541557

Morgan Stanley Mortgage Capital Holdings LLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001102113

Bank of America, National Association
(Exact name of sponsor as specified in its charter)

Jane Lam (212) 761-4000
(Name and telephone number, including area code, of the person to contact in connection with this filing)

New York
(State or other jurisdiction of incorporation or organization of the issuing entity)

38-3906833
38-3906834
38-3906835
38-7092974
38-7092975
38-7092976
(I.R.S. Employer Identification No.)

c/o Computershare Trust Company, N.A., as agent for
Wells Fargo Bank, National Association
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices of the issuing entity) (Zip Code)

(667) 786-1992
(Telephone number, including area code)

Not Applicable
(Former name, former address, if changed since last report)



 

Registered/reporting pursuant to (check one)

Title of Class

Section 12(b)

Section 12(g)

Section 15(d)

Name of Exchange (If Section 12(b))

A-1

     

     

  X  

     

A-2

     

     

  X  

     

A-AB

     

     

  X  

     

A-3

     

     

  X  

     

A-4

     

     

  X  

     

A-S

     

     

  X  

     

B

     

     

  X  

     

PST

     

     

  X  

     

C

     

     

  X  

     

X-A

     

     

  X  

     



 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes   X   No      

Part I - DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

On April 17, 2024 a distribution was made to holders of the certificates issued by Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9.

The distribution report is attached as an Exhibit to this Form 10-D, please see Item 10(b), Exhibit 99.1 for the related information.

The following table presents the loss information for the trust assets for the Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9 in accordance with Item 1100(b) as required by Item 1121(a)(9) of Regulation AB:

Loss Information as reported on April 17, 2024

Number of Delinquencies 30+ days

% of Delinquencies 30+ days by Pool Balance

Number of Loans/REOs with Losses

Average Net Loss

2

72.37%

0

N/A

No assets securitized by Morgan Stanley Mortgage Capital Holdings LLC and Bank of America, National Association (each a "Securitizer") and held by Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9 were the subject of a demand to repurchase or replace for breach of the representations and warranties during the monthly distribution period from March 16, 2024 to April 17, 2024.

Morgan Stanley Mortgage Capital Holdings LLC filed its most recent Form ABS-15G on February 13, 2024. The CIK number for Morgan Stanley Mortgage Capital Holdings LLC is 0001541557.

Bank of America, National Association filed its most recent Form ABS-15G on February 5, 2024. The CIK number for Bank of America, National Association is 0001102113.

Part II - OTHER INFORMATION

Item 6. Significant Obligors of Pool Assets.

The Milford Plaza Fee mortgage loan constitutes a significant obligor within the meaning of Item 1101(k)(2) of Regulation AB and as disclosed in the Prospectus Supplement for Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9. In accordance with Item 1112(b) of Regulation AB, the most recent unaudited net operating income of the significant obligor was ($8,159,388.00), a year-to-date figure for the period of January 1, 2023 through March 31, 2023.

The mortgaged property securing the Colonnade Office mortgage loan constitutes a significant obligor within the meaning of Item 1101(k)(2) of Regulation AB as disclosed in the Prospectus Supplement for Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9. The Colonnade Office mortgage loan was defeased. Significant obligor financial information is omitted from this periodic report on Form 10-D and will be omitted from future periodic reports on Form 10-D for this issuing entity.

Item 10. Exhibits.

(a) The following is a list of documents filed as part of this Report on Form 10-D:

(99.1) Monthly report distributed to holders of the certificates issued by Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9, relating to the April 17, 2024 distribution.

(b) The exhibits required to be filed by the Registrant pursuant to this Form are listed above.

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Morgan Stanley Capital I Inc.
(Depositor)

 

/s/ Jane Lam
Jane Lam, President

Date: April 30, 2024

 

 

EX-99.1 2 msb13c09_ex991-202404.htm msb13c09_ex991-202404.htm - Generated by SEC Publisher for SEC Filing

 

     

Distribution Date:

04/17/24

Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9

Determination Date:

04/11/24

 

Next Distribution Date:

05/17/24

 

Record Date:

03/28/24

Morgan Stanley Bank of America Merrill Lynch Trust

 

 

Series 2013-C9

 

           

Table of Contents

 

 

Contacts

 

 

Section

Pages

Role

Party and Contact Information

 

 

Certificate Distribution Detail

2

Depositor

Morgan Stanley Capital I Inc.

 

 

Certificate Factor Detail

3

 

General Information Number

(212) 761-4000

cmbs_notices@morganstanley.com

Certificate Interest Reconciliation Detail

4

 

1585 Broadway | New York, NY 10036 | United States

 

 

 

 

Master Servicer

Midland Loan Services

 

 

Exchangeable Certificate Detail

5

 

 

 

 

 

 

 

askmidlandls.com

(913) 253-9000

 

Additional Information

6

 

 

 

 

 

 

 

A Division of PNC Bank, N.A., 10851 Mastin Street, Building 82 | Overland Park, KS 66210 | United States

Bond / Collateral Reconciliation - Cash Flows

7

Special Servicer

LNR Partners,LLC

 

 

Bond / Collateral Reconciliation - Balances

8

 

Job Warshaw

 

jwarshaw@lnrpartners.com

Current Mortgage Loan and Property Stratification

9-13

 

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

 

Mortgage Loan Detail (Part 1)

14

Senior Trust Advisor

Trimont Real Estate Advisors, LLC

 

 

Mortgage Loan Detail (Part 2)

15

 

Trust Advisor

 

Trustadvisor@trimontrea.com

Principal Prepayment Detail

16

 

3500 Lenox Road, Suite G1 | Atlanta, GA 30326 | United States

 

 

Historical Detail

17

Certificate Administrator

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

 

 

 

 

 

Bank, N.A.

 

 

Delinquency Loan Detail

18

 

Corporate Trust Services (CMBS)

 

cctcmbsbondadmin@computershare.com;

Collateral Stratification and Historical Detail

19

 

 

 

trustadministrationgroup@computershare.com

 

 

 

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

 

 

Specially Serviced Loan Detail - Part 1

20

 

 

 

 

Specially Serviced Loan Detail - Part 2

21

 

 

 

 

Modified Loan Detail

22

 

 

 

 

Historical Liquidated Loan Detail

23

 

 

 

 

Historical Bond / Collateral Loss Reconciliation Detail

24

 

 

 

 

Interest Shortfall Detail - Collateral Level

25

 

 

 

 

Supplemental Notes

26

 

 

 

 

 

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

Please visit www.ctslink.com for additional information and special notices. In addition, certificateholders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526.

   

© 2021 Computershare. All rights reserved. Confidential.

Page 1 of 26

 


 
 

 

                         

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

Original

 

 

     Pass-Through

 

 

         Principal

         Interest

      Prepayment

 

 

 

Credit

Credit

Class

CUSIP

   Rate (2)

    Original Balance                                      Beginning Balance

         Distribution

      Distribution

       Penalties

       Realized Losses           Total Distribution          Ending Balance

Support¹        Support¹

 

A-1

61762DAS0

0.825000%

73,000,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-2

61762DAT8

1.970000%

188,000,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-AB

61762DAU5

2.657000%

90,000,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-3

61762DAV3

2.834000%

125,000,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-3FL

61762DAA9

6.165000%

75,000,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-3FX

61762DAC5

3.067000%

0.01

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-4

61762DAW1

3.102000%

342,834,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-S

61762DAY7

3.456000%

102,152,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

22.00%

B

61762DAZ4

3.708000%

81,403,000.00

47,538,195.53

224,968.19

146,893.02

0.00

0.00

371,861.21

47,313,227.34

79.25%

15.63%

C

61762DBB6

3.853129%

38,307,000.00

38,307,000.00

0.00

116,797.98

0.00

0.00

116,797.98

38,307,000.00

62.45%

12.63%

D

61762DAG6

3.941129%

60,653,000.00

60,653,000.00

0.00

0.00

0.00

0.00

0.00

60,653,000.00

35.84%

7.88%

E

61762DAJ0

3.941129%

14,365,000.00

14,365,000.00

0.00

0.00

0.00

0.00

0.00

14,365,000.00

29.54%

6.75%

F

61762DBC4

3.941129%

12,769,000.00

12,769,000.00

0.00

0.00

0.00

0.00

0.00

12,769,000.00

23.94%

5.75%

G

61762DAL5

3.941129%

15,962,000.00

15,962,000.00

0.00

0.00

0.00

0.00

0.00

15,962,000.00

16.94%

4.50%

H

61762DAN1

3.941129%

20,749,000.00

20,749,000.00

0.00

0.00

0.00

0.00

0.00

20,749,000.00

7.84%

2.88%

J

61762DBE0

3.941129%

36,711,883.00

17,869,572.26

0.00

0.00

0.00

0.00

0.00

17,869,572.26

0.00%

0.00%

R

61762DAQ4

0.000000%

1.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

1,276,905,884.01

228,212,767.79

224,968.19

263,691.00

0.00

0.00

488,659.19

227,987,799.60

 

 

 

 

X-A

61762DAX9

3.941129%

995,986,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

 

X-B

61762DAE1

0.168368%

119,710,000.00

85,845,195.53

0.00

12,044.64

0.00

0.00

12,044.64

85,620,227.34

 

 

Notional SubTotal

 

1,115,696,000.00

85,845,195.53

0.00

12,044.64

0.00

0.00

12,044.64

85,620,227.34

 

 

 

Deal Distribution Total

 

 

 

224,968.19

275,735.64

0.00

0.00

500,703.83

 

 

 

 

*

Denotes the Controlling Class (if required)

 

 

 

 

 

 

 

 

 

 

(1)

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

 

dividing the result by (A).

 

 

 

 

 

 

 

 

 

 

 

(2)

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

Page 2 of 26

 


 
 

 

                     

 

 

 

 

Certificate Factor Detail

 

 

 

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

 

 

 

Interest Shortfalls

Interest

 

 

 

 

Class

            CUSIP

        Beginning Balance

        Principal Distribution

         Interest Distribution

/ (Paybacks)

Shortfalls

       Prepayment Penalties

        Losses

       Total Distribution

      Ending Balance

Regular Certificates

 

 

 

 

 

 

 

 

 

A-1

61762DAS0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-2

61762DAT8

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-AB

61762DAU5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-3

61762DAV3

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-3FL

61762DAA9

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-3FX

61762DAC5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-4

61762DAW1

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-S

61762DAY7

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

B

61762DAZ4

583.98579328

2.76363512

1.80451605

0.00000000

0.00000000

0.00000000

0.00000000

4.56815117

581.22215815

C

61762DBB6

1,000.00000000

0.00000000

3.04899836

0.16194273

15.96014149

0.00000000

0.00000000

3.04899836

1,000.00000000

D

61762DAG6

1,000.00000000

0.00000000

0.00000000

3.28427448

41.97683758

0.00000000

0.00000000

0.00000000

1,000.00000000

E

61762DAJ0

1,000.00000000

0.00000000

0.00000000

3.28427428

42.49439053

0.00000000

0.00000000

0.00000000

1,000.00000000

F

61762DBC4

1,000.00000000

0.00000000

0.00000000

3.28427441

42.49439189

0.00000000

0.00000000

0.00000000

1,000.00000000

G

61762DAL5

1,000.00000000

0.00000000

0.00000000

3.28427453

42.49439168

0.00000000

0.00000000

0.00000000

1,000.00000000

H

61762DAN1

1,000.00000000

0.00000000

0.00000000

3.28427442

42.49439057

0.00000000

0.00000000

0.00000000

1,000.00000000

J

61762DBE0

486.75172178

0.00000000

0.00000000

1.59862625

57.32515464

0.00000000

0.00000000

0.00000000

486.75172178

R

61762DAQ4

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

61762DAX9

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

X-B

61762DAE1

717.10964439

0.00000000

0.10061515

0.00000000

0.00000000

0.00000000

0.00000000

0.10061515

715.23036789

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

Page 3 of 26

 


 
 

 

                         

 

 

 

 

Certificate Interest Reconciliation Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Additional

 

 

 

 

 

 

 

     Accrued

       Net Aggregate

      Distributable

     Interest

 

     Interest

 

 

 

 

 

Accrual

     Prior Interest

     Certificate

      Prepayment

    Certificate

    Shortfalls /

      Payback of Prior

    Distribution

    Interest

      Cumulative

 

Class

Accrual Period

Days

    Shortfalls

     Interest

     Interest Shortfall

    Interest

    (Paybacks)

     Realized Losses

      Amount

     Distribution

      Interest Shortfalls

 

A-1

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-2

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-AB

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-3

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-3FL

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-3FX

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-4

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-S

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

B

03/01/24 - 03/30/24

30

0.00

146,893.02

0.00

146,893.02

0.00

0.00

0.00

146,893.02

0.00

 

C

03/01/24 - 03/30/24

30

605,181.60

123,001.52

0.00

123,001.52

6,203.54

0.00

0.00

116,797.98

611,385.14

 

D

03/01/24 - 03/30/24

30

2,346,820.03

199,201.10

0.00

199,201.10

199,201.10

0.00

0.00

0.00

2,546,021.13

 

E

03/01/24 - 03/30/24

30

563,253.32

47,178.60

0.00

47,178.60

47,178.60

0.00

0.00

0.00

610,431.92

 

F

03/01/24 - 03/30/24

30

500,673.99

41,936.90

0.00

41,936.90

41,936.90

0.00

0.00

0.00

542,610.89

 

G

03/01/24 - 03/30/24

30

625,871.89

52,423.59

0.00

52,423.59

52,423.59

0.00

0.00

0.00

678,295.48

 

H

03/01/24 - 03/30/24

30

813,570.70

68,145.41

0.00

68,145.41

68,145.41

0.00

0.00

0.00

881,716.11

 

J

03/01/24 - 03/30/24

30

2,045,825.79

58,688.58

0.00

58,688.58

58,688.58

0.00

0.00

0.00

2,104,514.37

 

R

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

X-A

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

X-B

03/01/24 - 03/30/24

30

0.00

12,044.64

0.00

12,044.64

0.00

0.00

0.00

12,044.64

0.00

 

Totals

 

 

7,501,197.32

749,513.36

0.00

749,513.36

473,777.72

0.00

0.00

275,735.64

7,974,975.04

 

 

 

 

 

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Page 4 of 26

 


 
 

 

                       

 

 

 

 

Exchangeable Certificate Detail

 

 

 

 

 

 

 

    Pass-Through

 

 

 

 

      Prepayment

 

 

 

 

Class

                CUSIP

   Rate

         Original Balance

       Beginning Balance

        Principal Distribution

       Interest Distribution

      Penalties

 

         Realized Losses

       Total Distribution

     Ending Balance

Exchangeable Certificate Details

 

 

 

 

 

 

 

 

 

 

PST

61762DBA8

3.772762%

0.01

85,845,195.53

224,968.19

263,691.01

0.00

 

0.00

488,659.20

85,620,227.34

Exchangeable Certificates Total

 

0.01

85,845,195.53

224,968.19

263,691.01

0.00

 

0.00

488,659.20

85,620,227.34

 

 

 

 

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Page 5 of 26

 


 
 

 

     

 

Additional Information

 

Total Available Distribution Amount (1)

500,703.83

 

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

 

 

 

 

 

 

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Page 6 of 26

 


 
 

 

       

Bond / Collateral Reconciliation - Cash Flows

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest

 

Fees

 

Interest Paid or Advanced

754,324.10

Master Servicing Fee

1,088.66

Interest Reductions due to Nonrecoverability Determination

(494,450.00)

Certificate Administrator Fee

0.00

Interest Adjustments

0.00

Trustee Fee

648.50

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

0.00

ARD Interest

0.00

Operating Advisor Fee

0.00

Net Prepayment Interest Excess / (Shortfall)

0.00

Trust Advisor Fee

231.89

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

Total Fees

1,969.06

Total Interest Collected

259,874.10

 

 

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

224,968.19

Reimbursement for Interest on Advances

0.00

Unscheduled Principal Collections

 

ASER Amount

(53,774.45)

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

35,520.84

Collection of Principal after Maturity Date

0.00

Special Servicing Fees (Liquidation)

0.00

Recoveries From Liquidations and Insurance Proceeds

0.00

Special Servicing Fees (Work Out)

0.00

Excess of Prior Principal Amounts Paid

0.00

Legal Fees

0.00

Curtailments

0.00

Rating Agency Expenses

0.00

Negative Amortization

0.00

Taxes Imposed on Trust Fund

0.00

Principal Adjustments

0.00

Non-Recoverable Advances

0.00

 

 

Workout Delayed Reimbursement Amounts

0.00

 

 

Other Expenses

423.00

Total Principal Collected

224,968.19

Total Expenses/Reimbursements

(17,830.61)

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

275,735.65

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

224,968.19

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

0.00

Net SWAP Counterparty Payments Received

0.00

Net Swap Counterparty Payments Paid

0.00

Total Other Collected

0.00

Borrower Option Extension Fees

0.00

 

 

Total Payments to Certificateholders and Others

500,703.84

Total Funds Collected

484,842.29

Total Funds Distributed

484,842.29

 

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Page 7 of 26

 


 
 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

           Total

 

         Total

Beginning Scheduled Collateral Balance

228,212,767.79

228,212,767.79

Beginning Certificate Balance

228,212,767.79

(-) Scheduled Principal Collections

224,968.19

224,968.19

(-) Principal Distributions

224,968.19

(-) 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

227,987,799.60

227,987,799.60

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

228,212,767.79

228,212,767.79

Ending Certificate Balance

227,987,799.60

Ending Actual Collateral Balance

227,987,799.60

227,987,799.60

 

 

 

 

 

 

 

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

18,842,310.77

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

0.00

Ending Cumulative Advances

18,842,310.77

0.00

Net WAC Rate

3.94%

 

 

 

 

UC / (OC) Interest

0.00

(1)

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

 

 

 

(2)

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

 

 

 

**

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

 

 

 

 

 

 

 

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Page 8 of 26

 


 
 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

Scheduled Balance

 

 

 

 

 

Debt Service Coverage Ratio¹

 

 

 

 

Scheduled

# Of

       Scheduled

% Of

 

 

Weighted Avg

Debt Service Coverage

# Of

      Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Balance

Loans

      Balance

Agg. Bal.

 

 

DSCR¹

Ratio

Loans

     Balance

Agg. Bal.

 

 

DSCR¹

 

10,000,000 or less

0

0.00

0.00%

0

0.0000

0.000000

1.20 or less

3

216,427,662.58

94.93%

16

3.7937

(0.417926)

10,000,001 to 20,000,000

2

26,560,137.02

11.65%

35

3.9936

0.069193

1.21 to 1.30

1

11,560,137.02

5.07%

95

4.6600

1.210000

20,000,001 to 30,000,000

0

0.00

0.00%

0

0.0000

0.000000

1.31 to 1.40

0

0.00

0.00%

0

0.0000

0.000000

30,000,001 to 40,000,000

0

0.00

0.00%

0

0.0000

0.000000

1.41 to 1.50

0

0.00

0.00%

0

0.0000

0.000000

40,000,001 to 70,000,000

1

51,427,662.58

22.56%

107

4.8000

0.840000

1.51 to 1.60

0

0.00

0.00%

0

0.0000

0.000000

70,000,001 to 120,000,000

0

0.00

0.00%

0

0.0000

0.000000

1.61 to 1.70

0

0.00

0.00%

0

0.0000

0.000000

 

120,000,001 or greater

1

150,000,000.00

65.79%

(12)

3.4800

(0.810000)

1.71 to 1.80

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

4

227,987,799.60

100.00%

20

3.8376

(0.335382)

1.81 to 1.90

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

1.91 to 2.00

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

2.01 to 2.10

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

2.11 to 2.20

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

2.21 to 2.50

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

2.51 to 2.80

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

2.81 or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

4

227,987,799.60

100.00%

20

3.8376

(0.335382)

(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.

 

 

 

 

 

 

 

 

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Page 9 of 26

 


 
 

 

                           

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

 

State³

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Type³

 

 

 

 

 

# Of

     Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

 

 

State

 

 

 

WAM²

WAC

 

 

# Of

    Scheduled

% Of

 

 

Weighted Avg

 

Properties

      Balance

Agg. Bal.

 

 

DSCR¹

Property Type

 

 

 

WAM²

WAC

 

 

 

 

 

 

 

 

 

Properties

    Balance

Agg. Bal.

 

 

DSCR¹

 

Michigan

1

11,560,137.02

5.07%

95

4.6600

1.210000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

1

150,000,000.00

65.79%

(12)

3.4800

(0.810000)

New York

2

201,427,662.58

88.35%

18

3.8170

(0.388729)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

2

62,987,799.60

27.63%

105

4.7743

0.907906

Totals

3

227,987,799.60

100.00%

20

3.8376

(0.335382)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

3

227,987,799.60

100.00%

20

3.8376

(0.335382)

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 10 of 26

 


 
 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

Note Rate

 

 

 

 

 

Seasoning

 

 

 

 

 

# Of

      Scheduled

% Of

 

 

Weighted Avg

 

# Of

    Scheduled

% Of

 

 

Weighted Avg

 

Note Rate

 

 

 

WAM²

WAC

 

Seasoning

 

 

 

WAM²

WAC

 

 

 

Loans

    Balance

Agg. Bal.

 

 

DSCR¹

 

Loans

    Balance

Agg. Bal.

 

 

DSCR¹

 

3.500% or less

2

165,000,000.00

72.37%

(12)

3.4800

(0.810000)

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

3.501% to 4.000%

0

0.00

0.00%

0

0.0000

0.000000

13 to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.001% to 4.500%

0

0.00

0.00%

0

0.0000

0.000000

25 to 36 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.501% or greater

2

62,987,799.60

27.63%

105

4.7743

0.907906

37 to 48 months

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

4

227,987,799.60

100.00%

20

3.8376

(0.335382)

49 months or greater

4

227,987,799.60

100.00%

20

3.8376

(0.335382)

 

 

 

 

 

 

 

 

Totals

4

227,987,799.60

100.00%

20

3.8376

(0.335382)

(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.

 

 

 

 

 

 

 

 

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Page 11 of 26

 


 
 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

Anticipated Remaining Term (ARD and Balloon Loans)

 

 

 

Remaining Amortization Term (ARD and Balloon Loans)

 

 

 

Anticipated

# Of

      Scheduled

% Of

 

 

Weighted Avg

Remaining

# Of

     Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Remaining Term

Loans

     Balance

Agg. Bal.

 

 

DSCR¹

Amortization Term

Loans

     Balance

Agg. Bal.

 

 

DSCR¹

 

60 months or less

2

165,000,000.00

72.37%

(12)

3.4800

(0.810000)

Interest Only

2

165,000,000.00

72.37%

(12)

3.4800

(0.810000)

 

61 to 120 months

2

62,987,799.60

27.63%

105

4.7743

0.907906

230 months or less

2

62,987,799.60

27.63%

105

4.7743

0.907906

 

121 to 228 months

0

0.00

0.00%

0

0.0000

0.000000

231 to 300 months

0

0.00

0.00%

0

0.0000

0.000000

 

229 months or greater

0

0.00

0.00%

0

0.0000

0.000000

301 to 350 months

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

4

227,987,799.60

100.00%

20

3.8376

(0.335382)

351 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

4

227,987,799.60

100.00%

20

3.8376

(0.335382)

(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.

 

 

 

 

 

 

 

 

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Page 12 of 26

 


 
 

 

                         

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

Age of Most Recent NOI

 

 

 

 

Remaining Stated Term (Fully Amortizing Loans)

 

 

Age of Most

# Of

     Scheduled

% Of

 

 

Weighted Avg

Age of Most

# Of

Scheduled

% Of

                        Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

                   WAM²

             WAC

 

Recent NOI

Loans

     Balance

Agg. Bal.

 

 

DSCR¹

Recent NOI

Loans

Balance

Agg. Bal.

                           DSCR¹

 

12 months or less

4

227,987,799.60

100.00%

20

3.8376

(0.335382)

 

 

No outstanding loans in this group

 

 

13 months to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

25 momths or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

4

227,987,799.60

100.00%

20

3.8376

(0.335382)

 

 

 

 

 

(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.

 

 

 

 

 

 

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Page 13 of 26

 


 
 

 

                               

 

 

 

 

 

 

Mortgage Loan Detail (Part 1)

 

 

 

 

 

 

 

 

 

 

 

Interest

 

 

 

 

 

Original

Adjusted

Beginning

Ending

Paid

 

 

Prop

 

 

Accrual

Gross

        Scheduled

     Scheduled

       Principal

  Anticipated        Maturity

Maturity

Scheduled

Scheduled

Through

Pros ID

Loan ID

Type

    City

State

Type

Rate

      Interest

     Principal

     Adjustments     Repay Date

Date

Date

Balance

Balance

Date

1

30304864

98

New York

NY

Actual/360

3.480%

0.00

0.00

0.00

04/05/23

04/05/43

--

150,000,000.00

150,000,000.00

05/05/22

1.2

30304907

 

 

 

Actual/360

3.480%

0.00

0.00

0.00

04/05/23

04/05/43

--

15,000,000.00

15,000,000.00

05/05/22

5

30304883

RT

New York

NY

Actual/360

4.800%

213,096.47

127,936.01

0.00

N/A

03/01/33

--

51,555,598.59

51,427,662.58

04/01/24

18

30304889

RT

Brighton

MI

Actual/360

4.660%

46,777.63

97,032.18

0.00

N/A

03/01/32

--

11,657,169.20

11,560,137.02

04/01/24

Totals

 

 

 

 

 

 

259,874.10

224,968.19

0.00

 

 

 

228,212,767.79

227,987,799.60

 

1 Property Type Codes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HC - Health Care

MU - Mixed Use

WH - Warehouse

MF - Multi-Family

 

 

 

 

 

 

 

 

SS - Self Storage

LO - Lodging

RT - Retail

 

SF - Single Family Rental

 

 

 

 

 

 

 

 

98 - Other

 

IN - Industrial

OF - Office

 

MH - Mobile Home Park

 

 

 

 

 

 

 

 

SE - Securities

CH - Cooperative Housing

ZZ - Missing Information/Undefined

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 14 of 26

 


 
 

 

                           

 

 

 

 

 

Mortgage Loan Detail (Part 2)

 

 

 

 

 

 

 

 

 

     Most Recent            Most Recent        Appraisal

 

 

 

 

     Cumulative

     Current

 

 

 

     Most Recent

    Most Recent

     NOI Start

     NOI End

     Reduction

     Appraisal

      Cumulative

     Current P&I

      Cumulative P&I

    Servicer

    NRA/WODRA

 

 

Pros ID

    Fiscal NOI

    NOI

     Date

      Date

    Date

      Reduction Amount

     ASER

     Advances

     Advances

     Advances

    from Principal

Defease Status

 

1

0.00

(7,798,110.00)

07/01/22

06/30/23

08/11/23

3,820,521.22

12,323.50

45,726.92

4,370,343.19

8,227,182.44

0.00

 

 

1.2

0.00

(7,798,110.00)

07/01/22

06/30/23

08/11/23

381,701.94

1,231.22

4,569.33

437,035.47

0.00

0.00

 

 

5

2,966,680.60

3,588,775.96

01/01/23

12/31/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

18

2,831,269.09

2,364,843.38

01/01/23

12/31/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

Totals

5,797,949.69

(9,642,600.66)

 

 

 

4,202,223.16

13,554.72

50,296.25

4,807,378.66

8,227,182.44

0.00

 

 

 

 

 

 

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Page 15 of 26

 


 
 

 

           

 

 

 

Principal Prepayment Detail

 

 

 

 

 

Unscheduled Principal

                        Prepayment Penalties

Pros ID

Loan Number

Amount

Prepayment / Liquidation Code

Prepayment Premium Amount

Yield Maintenance Amount

 

 

 

No principal prepayments this period

 

 

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

 

 

 

 

 

 

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Page 16 of 26

 


 
 

 

                                         

 

 

 

 

 

 

 

 

Historical Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Delinquencies¹

 

 

 

 

 

 

Prepayments

 

Rate and Maturities

 

 

30-59 Days

 

60-89 Days

 

90 Days or More

 

Foreclosure

 

REO

 

Modifications

 

 

Curtailments

 

Payoff

Next Weighted Avg.

 

Distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

         Balance

#

        Balance

#

      Balance

#

        Balance

#

       Balance

#

      Balance

 

#

      Amount

#

      Amount

Coupon

Remit

WAM¹

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

04/17/24

0

0.00

0

0.00

2

165,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

3.837587%

3.813614%

20

03/15/24

0

0.00

0

0.00

2

165,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

3.838476%

3.814507%

21

02/16/24

0

0.00

0

0.00

2

165,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

3.839429%

3.815463%

22

01/18/24

0

0.00

0

0.00

2

165,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

3.840307%

3.816345%

24

12/15/23

0

0.00

0

0.00

2

165,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

3.841180%

3.817222%

25

11/17/23

0

0.00

0

0.00

2

165,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

3.842082%

3.818127%

26

10/17/23

0

0.00

0

0.00

2

165,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

1

51,465,106.62

3.842944%

3.818993%

27

09/15/23

0

0.00

0

0.00

2

165,000,000.00

0

0.00

0

0.00

0

0.00

 

1

1,000,000.00

0

0.00

3.866939%

3.842895%

22

08/17/23

0

0.00

0

0.00

2

165,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

3.868030%

3.843987%

23

07/17/23

0

0.00

0

0.00

2

165,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

3.868751%

3.844710%

24

06/16/23

0

0.00

0

0.00

2

165,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

3.869496%

3.845458%

25

05/17/23

0

0.00

0

0.00

2

165,000,000.00

0

0.00

0

0.00

0

0.00

 

0

0.00

0

0.00

3.917445%

3.893921%

24

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 17 of 26

 


 
 

 

                               

 

 

 

 

 

 

Delinquency Loan Detail

 

 

 

 

 

 

 

 

 

Paid

 

Mortgage

 

 

      Outstanding

 

Servicing

Resolution

 

 

 

 

 

 

Through

Months

Loan

 

      Current P&I

     Outstanding P&I

    Servicer

      Actual Principal

Transfer

Strategy

Bankruptcy

Foreclosure

 

Pros ID

Loan ID

Date

Delinquent

Status¹

      Advances

     Advances

     Advances

      Balance

Date

Code²

 

Date

Date

REO Date

1

30304864

05/05/22

22

6

 

45,726.92

4,370,343.19

9,672,557.72

150,000,000.00

06/01/20

2

 

 

 

 

1.2

30304907

05/05/22

22

6

 

4,569.33

437,035.47

0.00

15,000,000.00

06/01/20

2

 

 

 

 

Totals

 

 

 

 

 

50,296.25

4,807,378.66

9,672,557.72

165,000,000.00

 

 

 

 

 

 

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 18 of 26

 


 
 

 

                 

 

 

 

 

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

 

0

0

 

0

 

0

 

49 - 60 Months

 

0

0

 

0

 

0

 

> 60 Months

 

227,987,800

62,987,800

                 165,000,000

 

0

 

 

 

 

 

Historical Delinquency Information

 

 

 

 

 

 

 

 

      Total

      Current

         30-59 Days

       60-89 Days

    90+ Days

          REO/Foreclosure

 

 

Apr-24

227,987,800

62,987,800

0

0

165,000,000

0

 

Mar-24

228,212,768

63,212,768

0

0

165,000,000

0

 

Feb-24

228,453,582

63,453,582

0

0

165,000,000

0

 

Jan-24

228,676,657

63,676,657

0

0

165,000,000

0

 

Dec-23

228,898,824

63,898,824

0

0

165,000,000

0

 

Nov-23

229,128,558

64,128,558

0

0

165,000,000

0

 

Oct-23

229,348,888

64,348,888

0

0

165,000,000

0

 

Sep-23

281,041,957

116,041,957

0

0

165,000,000

0

 

Aug-23

282,399,343

64,795,359

0

0

217,603,985

0

 

Jul-23

282,755,368

65,012,979

0

0

217,742,389

0

 

Jun-23

283,124,464

65,238,329

0

0

217,886,135

0

 

May-23

303,691,748

131,977,444

0

0

171,714,304

0

 

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

 

 

 

 

 

 

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Page 19 of 26

 


 
 

 

                     

 

 

 

Specially Serviced Loan Detail - Part 1

 

 

 

 

 

 

             Ending Scheduled

 

 

 

      Net Operating

 

 

 

Remaining

Pros ID

Loan ID

        Balance

           Actual Balance

        Appraisal Value

Appraisal Date

       Income

DSCR

DSCR Date

Maturity Date

Amort Term

1

30304864

150,000,000.00

150,000,000.00

375,000,000.00

05/03/23

(7,798,110.00)

(0.81000)

06/30/23

04/05/43

I/O

1.2

30304907

15,000,000.00

15,000,000.00

375,000,000.00

05/03/23

(7,798,110.00)

(0.81000)

06/30/23

04/05/43

I/O

Totals

 

165,000,000.00

165,000,000.00

750,000,000.00

 

(15,596,220.00)

 

 

 

 

 

 

 

 

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Page 20 of 26

 


 
 

 

                 

 

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

 

 

 

Servicing

 

 

 

 

 

 

Property

 

Transfer

Resolution

 

 

 

Pros ID

Loan ID

Type¹

State

Date

Strategy Code²

 

Special Servicing Comments

 

1

30304864

98

NY

06/01/20

2

 

 

 

 

4/11/2024 - The loan collateral is the leased fee interest in the 1,331-room Row hotel in NYC. The ground lease (sole) hotel tenant, who owns and operates the Row, stopped paying rent to Borrower in 4/2020. The hotel tenant signed a sublease

 

with NYC Health and Hospitals in 10/2022 which has been extended to 4/2024. An extension is being discussed. Lender has engaged counsel and will dual track foreclosure with a cooperative sale process. Cooperation agreements have been

 

signed with Borrower and tenant, which allow for a cooperative sale/assumption or transfer of title to Lender at Lender’s discretion. Tenant has remit net cash flow generated from the property to date, and has agreed to remit cash flow going

 

forward. Pursuant to the cooperation agreement with tenant, $25M of cash flow is being held in reserve for potential union liability that could be triggered as part of a sale. The property is currently being offered for sale.

1.2

30304907

Various

Various

06/01/20

2

 

 

 

 

4/11/2024 - The loan collateral is the leased fee interest in the 1,331-room Row hotel in NYC. The ground lease (sole) hotel tenant, who owns and operates the Row, stopped paying rent to Borrower in 4/2020. The hotel tenant signed a sublease

 

with NYC Health and Hospitals in 10/2022 which has been extended to 4/2024. An extension is being discussed. Lender has engaged counsel and will dual track foreclosure with a cooperative sale process. Cooperation agreements have been

 

signed with Borrower and tenant, which allow for a cooperative sale/assumption or transfer of title to Lender at Lender’s discretion. Tenant has also remit net cash flow generated from the property to date, and has agreed to remit cash flow going

 

forward.

 

 

 

 

 

 

 

1 Property Type Codes

 

 

 

 

2 Resolution Strategy Code

 

 

HC - Health Care

 

MU - Mixed Use

 

WH - Warehouse

1 - Modification

6 - DPO

10 - Deed in Lieu of Foreclosures

MF - Multi-Family

 

SS - Self Storage

 

LO - Lodging

2 - Foreclosure

7 - REO

11- Full Payoff

RT - Retail

 

SF - Single Family Rental

98 - Other

3 - Bankruptcy

8 - Resolved

12 - Reps and Warranties

IN - Industrial

 

OF - Office

 

MH - Mobile Home Park

4 - Extension

9 - Pending Return to Master Servicer

13 - TBD

SE - Securities

 

CH - Cooperative Housing

ZZ - Missing Information/Undefined

5 - Note Sale

98 - Other

 

 

 

 

 

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Page 21 of 26

 


 
 

 

                   

 

 

 

 

Modified Loan Detail

 

 

 

 

 

Pre-Modification

Post-Modification

 

 

Modification

Modification

 

 

 

 

 

 

Modification

Modification Booking

Closing

Effective

 

 

              Balance

Rate

      Balance

       Rate

 

 

 

 

Pros ID

Loan Number

 

 

 

 

Code¹

Date

Date

Date

4

30304840

0.00

3.97000%

0.00

3.97000%

10

06/29/20

05/01/20

07/13/20

4

30304840

0.00

3.97000%

0.00

3.97000%

10

04/01/23

04/01/23

04/05/23

27

30304870

0.00

4.68000%

0.00

4.68000%

10

09/01/20

07/01/20

09/14/20

33

30304847

7,030,193.79

4.86800%

7,030,193.79                        4.86800%

8

07/28/20

06/01/20

08/12/20

Totals

 

7,030,193.79

 

7,030,193.79

 

 

 

 

1 Modification Codes

 

 

 

 

 

 

 

 

 

1 - Maturity Date Extension

5 - Temporary Rate Reduction

8 - Other

 

 

 

 

 

 

2 - Amortization Change

6 - Capitalization on Interest

9 - Combination

 

 

 

 

 

 

3 - Principal Write-Off

7 - Capitalization on Taxes

10 - Forbearance

 

 

 

 

 

 

Note: Please refer to Servicer Reports for modification comments.

 

 

 

 

 

 

 

 

 

 

 

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Page 22 of 26

 


 
 

 

                       

 

 

 

Historical Liquidated Loan Detail

 

 

 

 

 

Loan

 

Gross Sales

 

 

 

 

Current

 

Loss to Loan

Percent of

 

Beginning

Most Recent

Proceeds or

Fees,

Net Proceeds

Net Proceeds

 

Period

Cumulative

with

Original

          Loan

Scheduled

Appraised

Other

Advances,

Received on

Available for

Realized Loss

Adjustment to

Adjustment to

Cumulative

Loan

Pros ID¹           Number            Dist.Date

Balance

Value or BPO

Proceeds

and Expenses

Liquidation

Distribution

to Loan

Loan

Loan

Adjustment

Balance

 

 

 

 

No liquidated loans this period

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

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Page 23 of 26

 


 
 

 

                     

 

 

 

Historical Bond / Collateral Loss Reconciliation Detail

 

 

 

 

 

 

Certificate

Reimb of Prior

 

 

 

 

 

 

 

 

 

Interest Paid

Realized Losses

 

Loss Covered by

 

 

 

 

Total Loss

 

 

from Collateral

from Collateral

Aggregate

Credit

Loss Applied to

Loss Applied to

Non-Cash

Realized Losses

Applied to

        Loan

Distribution

Principal

Interest

Realized Loss to

Support/Deal

Certificate

Certificate

Principal

from

Certificate

Pros ID         Number

Date

Collections

Collections

Loan

Structure

Interest Payment

Balance

Adjustment

NRA/WODRA

Balance

 

 

 

 

 

No realized losses this period

 

 

 

 

 

 

 

 

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Page 24 of 26

 


 
 

 

                         

 

 

 

Interest Shortfall Detail - Collateral Level

 

 

 

 

 

 

 

 

Special Servicing Fees

 

 

 

 

 

 

 

     Modified

 

 

       Deferred

 

 

 

 

 

      Non-

 

     Reimbursement of

      Other

     Interest

 

      Interest

      Interest

 

 

 

 

 

      Recoverable

      Interest on

      Advances from

      Shortfalls /

     Reduction /

Pros ID

      Adjustments

      Collected

       Monthly

       Liquidation

       Work Out

      ASER

      PPIS / (PPIE)

     Interest

      Advances

       Interest

      (Refunds)

      (Excess)

1

0.00

0.00

32,291.67

0.00

0.00

(48,888.92)

0.00

449,500.00

0.00

0.00

0.00

0.00

1.2

0.00

0.00

3,229.17

0.00

0.00

(4,885.53)

0.00

44,950.00

0.00

0.00

0.00

0.00

Total

0.00

0.00

35,520.84

0.00

0.00

(53,774.45)

0.00

494,450.00

0.00

0.00

0.00

0.00

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

 

 

Collateral Shortfall Total

476,196.39

 

 

 

 

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Page 25 of 26

 


 
 

 

     

 

Supplemental Notes

 

 

None

 

 

 

 

 

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Page 26 of 26