0001888524-23-012901.txt : 20230922 0001888524-23-012901.hdr.sgml : 20230922 20230922110449 ACCESSION NUMBER: 0001888524-23-012901 CONFORMED SUBMISSION TYPE: 10-D PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230912 0001013454 0001541294 FILED AS OF DATE: 20230922 DATE AS OF CHANGE: 20230922 ABS ASSET CLASS: Commercial mortgages FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMM 2014-UBS3 Mortgage Trust CENTRAL INDEX KEY: 0001604083 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-193376-06 FILM NUMBER: 231270596 BUSINESS ADDRESS: STREET 1: ONE INTERNATIONAL PLACE STREET 2: ROOM 520 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6179517690 MAIL ADDRESS: STREET 1: ONE INTERNATIONAL PLACE STREET 2: ROOM 608 CITY: BOSTON STATE: MA ZIP: 02110 10-D 1 ccc14ub3_10d-202309.htm ccc14ub3_10d-202309.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:   August 12, 2023 to September 12, 2023

Commission File Number of issuing entity:  333-193376-06

Central Index Key Number of issuing entity:  0001604083

COMM 2014-UBS3 Mortgage Trust
(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor:  333-193376

Central Index Key Number of depositor:  0001013454

Deutsche Mortgage & Asset Receiving Corporation
(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001541294

German American Capital Corporation
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001089877

KeyBank National Association
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001541886

UBS Real Estate Securities Inc.
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001542256

Natixis Real Estate Capital LLC
(Exact name of sponsor as specified in its charter)

Lainie Kaye (212) 250-2500
(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)

38-3932242
38-3932243
38-7111648
(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-SB

     

     

  X  

     

A-3

     

     

  X  

     

A-4

     

     

  X  

     

A-M

     

     

  X  

     

B

     

     

  X  

     

PEZ

     

     

  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 September 12, 2023 a distribution was made to holders of the certificates issued by COMM 2014-UBS3 Mortgage Trust.

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 COMM 2014-UBS3 Mortgage Trust in accordance with Item 1100(b) as required by Item 1121(a)(9) of Regulation AB:

Loss Information as reported on September 12, 2023

Number of Delinquencies 30+ days

% of Delinquencies 30+ days by Pool Balance

Number of Loans/REOs with Losses

Average Net Loss

2

5.99%

3

$5,178,378.19

No assets securitized by Deutsche Mortgage & Asset Receiving Corporation (the "Depositor") and held by COMM 2014-UBS3 Mortgage Trust were the subject of a demand to repurchase for breach of the representations and warranties contained in the underlying transaction documents during the distribution period from August 12, 2023 to September 12, 2023.

The Depositor filed its most recent Form ABS-15G in accordance with Rule 15Ga-1 under the Securities Exchange Act of 1934 (a "Rule 15Ga-1 Form ABS-15G") on February 14, 2023. The CIK number for the Depositor is 0001013454.

German American Capital Corporation ("GACC"), one of the sponsors, has filed a Form ABS-15G pursuant to Rule 15Ga-1 under the Securities Exchange Act of 1934 on February 14, 2023. The CIK number of GACC is 0001541294.

KeyBank National Association ("KeyBank"), one of the sponsors, has filed a Form ABS-15G pursuant to Rule 15Ga-1 under the Securities Exchange Act of 1934 on February 2, 2023. The CIK number of KeyBank is 0001089877.

UBS Real Estate Securities Inc. ("UBS"), one of the sponsors, has filed a Form ABS-15G pursuant to Rule 15Ga-1 under the Securities Exchange Act of 1934 on May 9, 2023. The CIK number of UBS is 0001541886.

Natixis Real Estate Capital LLC ("NREC"), one of the sponsors, most recently filed a Form ABS-15G pursuant to Rule 15Ga-1 under the Securities Exchange Act of 1934 on February 14, 2023. The CIK number of NREC is 0001542256.

Part II - OTHER INFORMATION

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 COMM 2014-UBS3 Mortgage Trust, relating to the September 12, 2023 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.

Deutsche Mortgage & Asset Receiving Corporation
(Depositor)

 

/s/ Matt Smith
Matt Smith, Director

Date: September 22, 2023

 

/s/ R. Chris Jones
R. Chris Jones, Managing Director

Date: September 22, 2023

 

 

EX-99.1 2 ccc14ub3_ex991-202309.htm ccc14ub3_ex991-202309.htm - Generated by SEC Publisher for SEC Filing

 

     

Distribution Date:

09/12/23

COMM 2014-UBS3 Mortgage Trust

Determination Date:

09/06/23

 

Next Distribution Date:

10/13/23

 

Record Date:

08/31/23

Commercial Mortgage Pass-Through Certificates

 

 

Series 2014-UBS3

 

           

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

(212) 250-5270

 

Certificate Interest Reconciliation Detail

4

 

60 Wall Street | New York, NY 10005 | United States

 

 

 

 

Master Servicer

Wells Fargo Bank, National Association

 

 

Exchangeable Certificate Detail

5

 

 

 

 

 

 

 

Investor Relations

 

REAM_InvestorRelations@wellsfargo.com

Additional Information

6

 

 

 

 

 

 

 

Three Wells Fargo, MAC D1050-084, 401 S. Tryon Street, 8th Floor | Charlotte, NC 28202 | United States

Bond / Collateral Reconciliation - Cash Flows

7

Special Servicer

LNR Partners, LLC

 

 

Bond / Collateral Reconciliation - Balances

8

 

LNR CMBS Notices

(305) 695-5600

lnr.cmbs.notices@lnrproperty.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)

14-15

Operating Advisor

Park Bridge Lender Services LLC

 

 

Mortgage Loan Detail (Part 2)

16-17

 

David Rodgers

(212) 230-9025

 

Principal Prepayment Detail

18

 

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

 

 

Historical Detail

19

Certificate Administrator

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

 

 

 

 

 

Bank, N.A.

 

 

Delinquency Loan Detail

20

 

Corporate Trust Services (CMBS)

 

cctcmbsbondadmin@computershare.com;

Collateral Stratification and Historical Detail

21

 

 

 

trustadministrationgroup@computershare.com

 

 

 

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

 

 

Specially Serviced Loan Detail - Part 1

22

 

 

 

 

 

 

Trustee

U.S. Bank Trust Company, National Association

 

 

Specially Serviced Loan Detail - Part 2

23

 

General Contact

(312) 332-7457

 

Modified Loan Detail

24

 

190 South LaSalle Street, 7th Floor | Chicago, IL 60603 | United States

 

Historical Liquidated Loan Detail

25

Controlling Class

Seer Capital Partners Master Fund L.P.

 

 

Historical Bond / Collateral Loss Reconciliation Detail

26-27

Representative

 

 

 

 

 

 

-

 

 

Interest Shortfall Detail - Collateral Level

28

 

 

 

 

Supplemental Notes

29

 

 

 

 

 

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

Please visit www.ctslink.com for additional information and if applicable, any special notices and any credit risk retention notices. In addition, certificate holders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526.

   

© 2021 Computershare. All rights reserved. Confidential.

Page 1 of 29

 


 

 

                         

 

 

 

 

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

12591YAY1

1.402000%

36,275,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-2

12591YAZ8

2.844000%

116,300,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-SB

12591YBA2

3.367000%

54,500,000.00

2,619,762.17

1,045,285.82

7,350.62

0.00

0.00

1,052,636.44

1,574,476.35

36.60%

30.00%

A-3

12591YBB0

3.546000%

240,000,000.00

228,219,540.81

0.00

674,388.74

0.00

0.00

674,388.74

228,219,540.81

36.60%

30.00%

A-4

12591YBC8

3.819000%

292,133,000.00

292,133,000.00

0.00

929,713.27

0.00

0.00

929,713.27

292,133,000.00

36.60%

30.00%

A-M

12591YBD6

4.012000%

35,641,000.00

35,641,000.00

0.00

119,159.74

0.00

0.00

119,159.74

35,641,000.00

32.27%

26.63%

B

12591YBF1

4.313000%

88,441,000.00

88,441,000.00

0.00

317,871.69

0.00

0.00

317,871.69

88,441,000.00

21.52%

18.25%

C

12591YBH7

4.892828%

42,240,000.00

42,240,000.00

0.00

172,227.56

0.00

0.00

172,227.56

42,240,000.00

16.39%

14.25%

D

12591YAG0

4.922828%

63,361,000.00

63,361,000.00

0.00

259,929.44

0.00

0.00

259,929.44

63,361,000.00

8.70%

8.25%

E

12591YAJ4

3.525000%

9,240,000.00

9,240,000.00

0.00

27,142.50

0.00

0.00

27,142.50

9,240,000.00

7.57%

7.38%

F

12591YAL9

3.525000%

17,160,000.00

17,160,000.00

0.00

50,407.50

0.00

0.00

50,407.50

17,160,000.00

5.49%

5.75%

G*

12591YAN5

3.525000%

21,120,000.00

21,120,000.00

0.00

5,791.93

0.00

0.00

5,791.93

21,120,000.00

2.92%

3.75%

H

12591YAQ8

3.525000%

39,601,292.00

24,050,815.42

0.00

0.00

0.00

(13,806.68)

0.00

24,064,622.10

0.00%

0.00%

V

12591YAS4

0.000000%

0.01

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

R

12591YAU9

0.000000%

1.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

LR

12591YAW5

0.000000%

1.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

1,056,012,294.01

824,226,118.40

1,045,285.82

2,563,982.99

0.00

(13,806.68)

3,609,268.81

823,194,639.26

 

 

 

 

X-A

12591YBE4

1.205167%

774,849,000.00

558,613,302.98

0.00

561,018.81

0.00

0.00

561,018.81

557,568,017.16

 

 

X-B

12591YAA3

0.422411%

130,681,000.00

130,681,000.00

0.00

46,000.86

0.00

0.00

46,000.86

130,681,000.00

 

 

X-C

12591YAC9

1.397828%

26,400,000.00

26,400,000.00

0.00

30,752.22

0.00

0.00

30,752.22

26,400,000.00

 

 

X-D

12591YAE5

1.397828%

60,721,292.00

45,170,815.42

0.00

52,617.54

0.00

0.00

52,617.54

45,184,622.10

 

 

Notional SubTotal

 

992,651,292.00

760,865,118.40

0.00

690,389.43

0.00

0.00

690,389.43

759,833,639.26

 

 

 

Deal Distribution Total

 

 

 

1,045,285.82

3,254,372.42

0.00

(13,806.68)

4,299,658.24

 

 

 

 

*

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 29

 


 

 

                     

 

 

 

 

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

12591YAY1

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-2

12591YAZ8

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-SB

12591YBA2

48.06903064

19.17955633

0.13487376

0.00000000

0.00000000

0.00000000

0.00000000

19.31443009

28.88947431

A-3

12591YBB0

950.91475338

0.00000000

2.80995308

0.00000000

0.00000000

0.00000000

0.00000000

2.80995308

950.91475338

A-4

12591YBC8

1,000.00000000

0.00000000

3.18249999

0.00000000

0.00000000

0.00000000

0.00000000

3.18249999

1,000.00000000

A-M

12591YBD6

1,000.00000000

0.00000000

3.34333324

0.00000000

0.00000000

0.00000000

0.00000000

3.34333324

1,000.00000000

B

12591YBF1

1,000.00000000

0.00000000

3.59416662

0.00000000

0.00000000

0.00000000

0.00000000

3.59416662

1,000.00000000

C

12591YBH7

1,000.00000000

0.00000000

4.07735701

0.00000000

0.00000000

0.00000000

0.00000000

4.07735701

1,000.00000000

D

12591YAG0

1,000.00000000

0.00000000

4.10235697

0.00000000

0.00000000

0.00000000

0.00000000

4.10235697

1,000.00000000

E

12591YAJ4

1,000.00000000

0.00000000

2.93750000

0.00000000

0.00000000

0.00000000

0.00000000

2.93750000

1,000.00000000

F

12591YAL9

1,000.00000000

0.00000000

2.93750000

0.00000000

0.00000000

0.00000000

0.00000000

2.93750000

1,000.00000000

G

12591YAN5

1,000.00000000

0.00000000

0.27423911

2.66326089

33.11571259

0.00000000

0.00000000

0.27423911

1,000.00000000

H

12591YAQ8

607.32400902

0.00000000

0.00000000

1.78401427

40.26001652

0.00000000

(0.34864216)

0.00000000

607.67265119

V

12591YAS4

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

R

12591YAU9

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

LR

12591YAW5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

12591YBE4

720.93182411

0.00000000

0.72403631

0.00000000

0.00000000

0.00000000

0.00000000

0.72403631

719.58280537

X-B

12591YAA3

1,000.00000000

0.00000000

0.35200878

0.00000000

0.00000000

0.00000000

0.00000000

0.35200878

1,000.00000000

X-C

12591YAC9

1,000.00000000

0.00000000

1.16485682

0.00000000

0.00000000

0.00000000

0.00000000

1.16485682

1,000.00000000

X-D

12591YAE5

743.90405626

0.00000000

0.86654184

0.00000000

0.00000000

0.00000000

0.00000000

0.86654184

744.13143416

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

Page 3 of 29

 


 

 

                         

 

 

 

 

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-SB

08/01/23 - 08/30/23

30

0.00

7,350.62

0.00

7,350.62

0.00

0.00

0.00

7,350.62

0.00

 

A-3

08/01/23 - 08/30/23

30

0.00

674,388.74

0.00

674,388.74

0.00

0.00

0.00

674,388.74

0.00

 

A-4

08/01/23 - 08/30/23

30

0.00

929,713.27

0.00

929,713.27

0.00

0.00

0.00

929,713.27

0.00

 

A-M

08/01/23 - 08/30/23

30

0.00

119,159.74

0.00

119,159.74

0.00

0.00

0.00

119,159.74

0.00

 

B

08/01/23 - 08/30/23

30

0.00

317,871.69

0.00

317,871.69

0.00

0.00

0.00

317,871.69

0.00

 

C

08/01/23 - 08/30/23

30

0.00

172,227.56

0.00

172,227.56

0.00

0.00

0.00

172,227.56

0.00

 

D

08/01/23 - 08/30/23

30

0.00

259,929.44

0.00

259,929.44

0.00

0.00

0.00

259,929.44

0.00

 

E

08/01/23 - 08/30/23

30

0.00

27,142.50

0.00

27,142.50

0.00

0.00

0.00

27,142.50

0.00

 

F

08/01/23 - 08/30/23

30

0.00

50,407.50

0.00

50,407.50

0.00

0.00

0.00

50,407.50

0.00

 

G

08/01/23 - 08/30/23

30

643,155.78

62,040.00

0.00

62,040.00

56,248.07

0.00

0.00

5,791.93

699,403.85

 

H

08/01/23 - 08/30/23

30

1,523,699.40

70,649.27

0.00

70,649.27

70,649.27

0.00

0.00

0.00

1,594,348.67

 

V

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

X-A

08/01/23 - 08/30/23

30

0.00

561,018.81

0.00

561,018.81

0.00

0.00

0.00

561,018.81

0.00

 

X-B

08/01/23 - 08/30/23

30

0.00

46,000.86

0.00

46,000.86

0.00

0.00

0.00

46,000.86

0.00

 

X-C

08/01/23 - 08/30/23

30

0.00

30,752.22

0.00

30,752.22

0.00

0.00

0.00

30,752.22

0.00

 

X-D

08/01/23 - 08/30/23

30

0.00

52,617.54

0.00

52,617.54

0.00

0.00

0.00

52,617.54

0.00

 

Totals

 

 

2,166,855.18

3,381,269.76

0.00

3,381,269.76

126,897.34

0.00

0.00

3,254,372.42

2,293,752.52

 

 

 

 

 

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Page 4 of 29

 


 

 

                       

 

 

 

 

Exchangeable Certificate Detail

 

 

 

 

 

 

 

Pass-Through

 

 

 

 

   Prepayment

 

 

 

 

Class

CUSIP

Rate

      Original Balance

     Beginning Balance                                 Principal Distribution        Interest Distribution

    Penalties

 

         Realized Losses

      Total Distribution

Ending Balance

Regular Interest

 

 

 

 

 

 

 

 

 

 

 

A-M (Cert)

12591YBD6

4.012000%

35,641,000.00

35,641,000.00

0.00

119,159.74

0.00

 

0.00

119,159.74

35,641,000.00

A-M (PEZ)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

B (Cert)

12591YBF1

4.313000%

88,441,000.00

88,441,000.00

0.00

317,871.69

0.00

 

0.00

317,871.69

88,441,000.00

B (PEZ)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

C (Cert)

12591YBH7

4.892828%

42,240,000.00

42,240,000.00

0.00

172,227.56

0.00

 

0.00

172,227.56

42,240,000.00

C (PEZ)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

Regular Interest Total

 

 

166,322,000.03

166,322,000.00

0.00

609,258.99

0.00

 

0.00

609,258.99

166,322,000.00

 

Exchangeable Certificate Details

 

 

 

 

 

 

 

 

 

 

PEZ

12591YBG9

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

Exchangeable Certificates Total

 

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

 

 

 

 

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Page 5 of 29

 


 

 

     

 

Additional Information

 

Total Available Distribution Amount (1)

4,299,658.24

 

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

 

 

 

 

 

 

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Page 6 of 29

 


 

 

       

Bond / Collateral Reconciliation - Cash Flows

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest

 

Fees

 

Interest Paid or Advanced

3,398,968.78

Master Servicing Fee

12,496.39

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

2,778.67

Interest Adjustments

0.00

Trustee Fee

273.25

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

354.88

ARD Interest

0.00

Operating Advisor Fee

0.00

Net Prepayment Interest Excess / (Shortfall)

0.00

Asset Representations Reviewer Fee

1,795.81

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

Total Fees

17,698.99

Total Interest Collected

3,398,968.78

 

 

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

1,031,479.14

Reimbursement for Interest on Advances

0.00

Unscheduled Principal Collections

 

ASER Amount

115,655.35

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

10,872.00

Collection of Principal after Maturity Date

0.00

Special Servicing Fees (Liquidation)

0.00

Recoveries From Liquidations and Insurance Proceeds

13,806.68

Special Servicing Fees (Work Out)

369.99

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

1,045,285.82

Total Expenses/Reimbursements

126,897.34

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

3,254,372.42

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

1,045,285.82

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

4,299,658.24

Total Funds Collected

4,444,254.60

Total Funds Distributed

4,444,254.57

 

 

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Page 7 of 29

 


 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

      Total

 

       Total

Beginning Scheduled Collateral Balance

824,226,118.40

824,226,118.40

Beginning Certificate Balance

824,226,118.40

(-) Scheduled Principal Collections

1,031,479.14

1,031,479.14

(-) Principal Distributions

1,045,285.82

(-) Unscheduled Principal Collections

0.00

0.00

(-) Realized Losses

(13,806.68)

(-) Principal Adjustments (Cash)

0.00

0.00

Realized Loss and Realized Loss Adjustments on Collateral

(13,806.68)

(-) Principal Adjustments (Non-Cash)

0.00

0.00

Current Period NRA¹

0.00

(-) Realized Losses from Collateral

(13,806.68)

(13,806.68)

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

823,194,639.26

823,194,639.26

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

825,742,441.20

825,742,441.20

Ending Certificate Balance

823,194,639.26

Ending Actual Collateral Balance

824,805,273.27

824,805,273.27

 

 

 

 

 

 

 

NRA/WODRA Reconciliation

 

Under / Over Collateralization Reconciliation

 

 

 

Non-Recoverable Advances (NRA) from

Workout Delayed Reimbursement of Advances

 

 

 

 

Principal

(WODRA) from Principal

Beginning UC / (OC)

0.00

Beginning Cumulative Advances

0.00

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

0.00

Ending Cumulative Advances

0.00

0.00

Net WAC Rate

4.92%

 

 

 

 

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 29

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

Scheduled Balance

 

 

 

 

 

Debt Service Coverage Ratio¹

 

 

 

 

Scheduled

# Of

Scheduled

% Of

 

 

Weighted Avg

Debt Service Coverage

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Balance

Loans

     Balance

Agg. Bal.

 

 

DSCR¹

Ratio

Loans

       Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

15

182,378,971.94

22.16%

7

4.9550

NAP

Defeased

15

182,378,971.94

22.16%

7

4.9550

NAP

 

7,499,999 or less

11

53,175,658.93

6.46%

8

5.0431

1.643766

1.249 or less

3

61,182,416.64

7.43%

8

4.7533

0.701585

7,500,000 to 14,999,999

4

39,521,884.68

4.80%

8

4.9530

1.388135

1.25 to 1.29

0

0.00

0.00%

0

0.0000

0.000000

15,000,000 to 24,999,999

3

61,909,388.23

7.52%

7

4.8609

1.831768

1.30 to 1.39

2

17,322,445.30

2.10%

8

5.2610

1.356274

25,000,000 to 49,999,999

3

121,307,997.46

14.74%

7

4.8503

1.720084

1.40 to 1.49

4

42,952,773.16

5.22%

7

4.9804

1.452371

50,000,000 to 74,999,999

1

71,495,046.71

8.69%

8

4.7500

2.080200

1.50 to 1.749

8

141,694,769.94

17.21%

9

4.6993

1.593221

 

75,000,000 or greater

3

293,405,691.31

35.64%

8

4.5863

1.831586

1.75 to 1.99

1

105,000,000.00

12.76%

8

4.5280

1.771500

 

Totals

40

823,194,639.26

100.00%

8

4.7889

1.713525

2.00 or greater

7

272,663,262.28

33.12%

7

4.7726

2.236805

 

 

 

 

 

 

 

 

Totals

40

823,194,639.26

100.00%

8

4.7889

1.713525

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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Page 9 of 29

 


 

 

                           

 

 

 

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

Defeased

20

182,378,971.94

22.16%

7

4.9550

NAP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Defeased

20

182,378,971.94

22.16%

7

4.9550

NAP

Alabama

1

9,720,422.16

1.18%

7

4.6266

2.139900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial

2

57,451,793.16

6.98%

6

5.0823

2.162588

Arizona

1

4,456,856.24

0.54%

8

4.7200

2.571500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lodging

8

49,352,751.92

6.00%

8

4.8908

1.972144

California

3

106,426,143.92

12.93%

9

4.6756

1.501278

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Family

9

32,750,900.16

3.98%

7

4.9635

2.274383

Colorado

3

11,257,174.71

1.37%

7

4.6266

2.139900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Office

19

319,053,293.43

38.76%

8

4.6741

1.711563

Connecticut

1

5,652,397.63

0.69%

8

4.9900

1.524500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

1

22,750,000.00

2.76%

7

4.8500

1.433300

Florida

10

39,894,131.26

4.85%

7

4.7565

2.224525

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

10

159,456,928.65

19.37%

8

4.6467

1.729021

Georgia

1

3,853,001.27

0.47%

8

5.0150

1.571300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

69

823,194,639.26

100.00%

8

4.7889

1.713525

Illinois

2

54,370,652.14

6.60%

5

5.1138

2.214051

 

 

 

 

 

 

 

Indiana

1

660,515.47

0.08%

8

4.5500

1.666600

 

 

 

 

 

 

 

Kansas

1

5,965,958.00

0.72%

8

4.6800

1.676400

 

 

 

 

 

 

 

Louisiana

6

49,155,164.98

5.97%

8

4.8396

2.179092

 

 

 

 

 

 

 

Michigan

3

78,146,289.19

9.49%

8

4.7675

2.060350

 

 

 

 

 

 

 

Missouri

1

8,572,486.57

1.04%

7

4.6266

2.139900

 

 

 

 

 

 

 

Nebraska

2

9,850,027.90

1.20%

7

4.6266

2.139900

 

 

 

 

 

 

 

New York

3

125,847,969.69

15.29%

8

4.5868

1.767759

 

 

 

 

 

 

 

Ohio

4

56,878,760.85

6.91%

8

4.7102

0.778737

 

 

 

 

 

 

 

Oklahoma

1

8,609,516.82

1.05%

7

4.6266

2.139900

 

 

 

 

 

 

 

Tennessee

1

11,868,172.62

1.44%

7

4.6266

2.139900

 

 

 

 

 

 

 

Texas

1

22,750,000.00

2.76%

7

4.8500

1.433300

 

 

 

 

 

 

 

Virginia

1

13,497,500.39

1.64%

7

4.6266

2.139900

 

 

 

 

 

 

 

Washington

1

9,835,711.48

1.19%

7

5.0700

1.490700

 

 

 

 

 

 

 

Wisconsin

1

3,546,814.03

0.43%

7

5.1650

1.452200

 

 

 

 

 

 

 

Totals

69

823,194,639.26

100.00%

8

4.7889

1.713525

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 10 of 29

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

Note Rate

 

 

 

 

 

Seasoning

 

 

 

 

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

Note Rate

 

 

 

WAM²

WAC

 

Seasoning

 

 

 

WAM²

WAC

 

 

 

Loans

     Balance

Agg. Bal.

 

 

DSCR¹

 

Loans

      Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

15

182,378,971.94

22.16%

7

4.9550

NAP

Defeased

15

182,378,971.94

22.16%

7

4.9550

NAP

 

4.7499% or less

8

362,526,959.92

44.04%

8

4.6002

1.673974

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

4.7500% to 4.9999%

7

178,545,005.08

21.69%

8

4.8114

1.988847

13 to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

5.0000% or greater

10

99,743,702.32

12.12%

6

5.1305

1.889800

25 to 36 months

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

40

823,194,639.26

100.00%

8

4.7889

1.713525

37 to 48 months

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

49 months or greater

25

640,815,667.32

77.84%

8

4.7416

1.795298

 

 

 

 

 

 

 

 

Totals

40

823,194,639.26

100.00%

8

4.7889

1.713525

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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Page 11 of 29

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

Anticipated Remaining Term (ARD and Balloon Loans)

 

 

 

Remaining Amortization Term (ARD and Balloon Loans)

 

 

 

Anticipated

# Of

Scheduled

% Of

 

 

Weighted Avg

Remaining

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Remaining Term

Loans

     Balance

Agg. Bal.

 

 

DSCR¹

Amortization Term

Loans

     Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

15

182,378,971.94

22.16%

7

4.9550

NAP

Defeased

15

182,378,971.94

22.16%

7

4.9550

NAP

 

60 months or less

25

640,815,667.32

77.84%

8

4.7416

1.795298

Interest Only

4

275,000,000.00

33.41%

7

4.6832

1.975164

 

61 to 118 months

0

0.00

0.00%

0

0.0000

0.000000

359 months or less

21

365,815,667.32

44.44%

8

4.7855

1.660085

 

119 months or greater

0

0.00

0.00%

0

0.0000

0.000000

360 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

Totals

40

823,194,639.26

100.00%

8

4.7889

1.713525

Totals

40

823,194,639.26

100.00%

8

4.7889

1.713525

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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Page 12 of 29

 


 

 

                         

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

Age of Most Recent NOI

 

 

 

 

Remaining Stated Term (Fully Amortizing Loans)

 

 

Age of Most

# Of

Scheduled

% Of

 

 

Weighted Avg

Age of Most

# Of

Scheduled

% Of

                    Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

                        WAM²

        WAC

 

Recent NOI

Loans

     Balance

Agg. Bal.

 

 

DSCR¹

Recent NOI

Loans

Balance

Agg. Bal.

                        DSCR¹

 

Defeased

15

182,378,971.94

22.16%

7

4.9550

NAP

 

 

No outstanding loans in this group

 

Underwriter's Information

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

12 months or less

25

640,815,667.32

77.84%

8

4.7416

1.795298

 

 

 

 

 

 

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

40

823,194,639.26

100.00%

8

4.7889

1.713525

 

 

 

 

 

(1)

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

 

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

 

 

(2)

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

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

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Page 13 of 29

 


 

 

                                 

 

 

 

 

 

Mortgage Loan Detail (Part 1)

 

 

 

 

 

 

 

 

 

Prop

 

 

 

 

 

 

 

 

Original              Adjusted

    Beginning

    Ending

Paid

 

 

 

Type

 

 

     Interest

 

    Scheduled

       Scheduled

   Principal

Anticipated     Maturity             Maturity

   Scheduled

    Scheduled

Through

 

Pros ID

Loan ID

(1)

  City

State                     Accrual Type        Gross Rate

    Interest

      Principal

   Adjustments             Repay Date    Date

       Date

   Balance

    Balance

Date

 

1

301981001

RT

Bronx

NY

Actual/360

4.528%

409,406.67

0.00

0.00

N/A

05/06/24

--

105,000,000.00

105,000,000.00

09/06/23

 

2

301981002

OF

Various

Various

Actual/360

4.627%

398,401.67

0.00

0.00

04/06/24

04/06/29

--

100,000,000.00

100,000,000.00

08/06/23

 

3

301981003

OF

Los Angeles

CA

Actual/360

4.610%

351,486.29

136,093.77

0.00

N/A

06/06/24

--

88,541,785.08

88,405,691.31

09/06/23

 

4

301981004

OF

Southfield

MI

Actual/360

4.750%

292,943.33

124,374.54

0.00

N/A

05/06/24

--

71,619,421.25

71,495,046.71

09/06/23

 

6

301981006

OF

Cleveland

OH

Actual/360

4.660%

184,014.11

87,009.96

0.00

N/A

05/06/24

--

45,857,039.87

45,770,029.91

03/06/22

 

7

301981007

IN

University Park

IL

Actual/360

5.068%

206,192.04

0.00

0.00

N/A

02/06/24

--

47,250,000.00

47,250,000.00

09/06/23

 

9

301981009

LO

Various

LA

Actual/360

4.795%

117,054.62

61,228.86

0.00

N/A

05/06/24

--

28,349,196.41

28,287,967.55

09/06/23

 

10

301981010

RT

Lake Zurich

IL

Actual/360

4.522%

112,023.47

45,463.69

0.00

N/A

04/06/24

01/06/24

28,765,454.32

28,719,990.63

09/06/23

 

11

301981011

MF

Lititz

PA

Actual/360

4.820%

104,256.35

46,406.82

0.00

N/A

05/06/24

--

25,118,648.51

25,072,241.69

09/06/23

 

12

301981012

MF

Fayetteville

NC

Actual/360

4.800%

101,489.67

42,268.64

0.00

N/A

05/06/24

--

24,553,953.44

24,511,684.80

09/06/23

 

13

301981013

MH

Ocean View

NJ

Actual/360

5.490%

100,770.00

41,020.44

0.00

N/A

03/06/24

--

21,315,706.41

21,274,685.97

09/06/23

 

14

301981014

RT

Metairie

LA

Actual/360

4.900%

88,235.52

44,446.16

0.00

N/A

05/01/24

--

20,911,643.58

20,867,197.42

09/01/23

 

15

301981015

MF

Dallas

TX

Actual/360

4.950%

91,024.20

35,799.55

0.00

N/A

05/06/24

--

21,354,650.60

21,318,851.05

09/06/23

 

16

301981016

98

Austin

TX

Actual/360

4.850%

95,012.85

0.00

0.00

04/05/24

04/05/44

--

22,750,000.00

22,750,000.00

09/05/23

 

17

656100232

MF

Various

FL

Actual/360

4.830%

76,221.78

34,023.18

0.00

N/A

04/06/24

--

18,326,213.99

18,292,190.81

09/06/23

 

18

301981018

IN

Lansdale

PA

Actual/360

5.041%

75,672.04

36,508.63

0.00

N/A

02/05/24

--

17,432,495.60

17,395,986.97

09/05/23

 

20

301981020

IN

Rochester

NY

Actual/360

5.150%

45,388.18

32,935.69

0.00

05/05/24

05/05/25

--

10,234,728.85

10,201,793.16

09/05/23

 

21

301981021

LO

Santa Cruz

CA

Actual/360

4.880%

47,145.77

19,043.20

0.00

N/A

05/05/24

--

11,219,248.16

11,200,204.96

09/05/23

 

22

301981022

OF

Richland

WA

Actual/360

5.070%

43,030.79

20,549.38

0.00

N/A

04/05/24

--

9,856,260.86

9,835,711.48

09/05/23

 

23

301981023

MH

Gettysburg

PA

Actual/360

5.490%

46,555.74

18,951.44

0.00

N/A

06/06/24

03/06/24

9,847,856.86

9,828,905.42

09/06/23

 

25

301981025

RT

Poinciana

FL

Actual/360

4.670%

33,377.12

15,722.32

0.00

N/A

05/06/24

--

8,299,897.40

8,284,175.08

09/06/23

 

26

301981026

MF

Chicago

IL

Actual/360

5.420%

33,298.89

13,974.62

0.00

N/A

05/05/24

--

7,134,626.76

7,120,652.14

09/05/23

 

27

301981027

RT

Redding

CA

Actual/360

5.190%

30,542.88

13,885.08

0.00

N/A

05/05/24

--

6,834,132.73

6,820,247.65

09/05/23

 

28

301981028

LO

Manchester

CT

Actual/360

4.990%

24,342.42

12,656.11

0.00

N/A

05/01/24

--

5,665,053.74

5,652,397.63

09/01/23

 

29

301981029

RT

Olathe

KS

Actual/360

4.680%

24,096.59

13,345.17

0.00

05/01/24

05/01/29

--

5,979,303.17

5,965,958.00

09/01/23

 

30

301981030

MF

Columbus

OH

Actual/360

4.750%

19,923.78

10,592.59

0.00

N/A

05/06/24

--

4,871,008.38

4,860,415.79

09/06/23

 

31

301981031

SS

Various

HI

Actual/360

4.650%

19,235.94

10,542.09

0.00

N/A

06/01/24

--

4,803,981.30

4,793,439.21

09/01/23

 

33

301981033

RT

Various

FL

Actual/360

4.940%

20,057.04

9,959.91

0.00

N/A

05/01/24

--

4,714,988.30

4,705,028.39

09/01/23

 

 

 

 

 

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Page 14 of 29

 


 

 

                                 

 

 

 

 

 

Mortgage Loan Detail (Part 1)

 

 

 

 

 

 

 

 

 

Prop

 

 

 

 

 

 

 

 

Original               Adjusted

    Beginning

      Ending

Paid

 

 

 

Type

 

 

Interest

 

   Scheduled

     Scheduled

    Principal

Anticipated     Maturity            Maturity

   Scheduled

      Scheduled

Through

 

Pros ID

Loan ID

(1)

   City

State              Accrual Type      Gross Rate

  Interest

    Principal

    Adjustments          Repay Date       Date

      Date

  Balance

     Balance

Date

 

34

301981034

RT

Various

Various

Actual/360

4.550%

18,237.30

10,431.10

0.00

05/01/24

05/01/29

--

4,654,680.48

4,644,249.38

09/01/23

 

35

301981035

LO

Streetsboro

OH

Actual/360

5.430%

19,757.08

13,178.29

0.00

N/A

05/05/24

--

4,225,360.06

4,212,181.77

09/05/23

 

36

301981036

MF

Dixon

CA

Actual/360

5.300%

21,846.54

7,584.61

0.00

N/A

04/05/24

--

4,786,825.22

4,779,240.61

09/05/23

 

37

656100237

MF

Buckeye

AZ

Actual/360

4.720%

18,151.37

9,036.29

0.00

N/A

05/06/24

--

4,465,892.53

4,456,856.24

09/06/23

 

40

301981040

OF

Rancho Cordova

CA

Actual/360

4.900%

17,866.80

8,324.56

0.00

N/A

05/01/24

--

4,234,397.25

4,226,072.69

09/01/23

 

41

301981041

IN

Downers Grove

IL

Actual/360

4.950%

17,139.91

8,481.05

0.00

N/A

05/01/24

--

4,021,093.76

4,012,612.71

09/01/23

 

42

301981042

RT

Chelsea

MI

Actual/360

5.170%

17,943.23

8,325.21

0.00

N/A

03/05/24

--

4,030,425.06

4,022,099.85

09/05/23

 

43

301981043

RT

Johns Creek

GA

Actual/360

5.015%

16,673.89

8,062.09

0.00

N/A

05/06/24

--

3,861,063.36

3,853,001.27

09/06/23

 

44

301981044

MF

Jacksonville

FL

Actual/360

4.850%

15,445.57

8,300.56

0.00

N/A

10/05/23

--

3,698,306.96

3,690,006.40

09/05/23

 

45

301981045

OF

Brookfield

WI

Actual/360

5.165%

15,807.42

7,301.25

0.00

N/A

04/06/24

--

3,554,115.28

3,546,814.03

03/06/23

 

46

301981046

LO

Pooler

GA

Actual/360

5.923%

16,319.45

9,585.70

0.00

N/A

12/06/23

--

3,199,395.31

3,189,809.61

09/06/23

 

49

301981049

MF

Coral Springs

FL

Actual/360

5.060%

12,580.47

6,066.59

0.00

N/A

03/05/24

--

2,887,267.56

2,881,200.97

09/05/23

 

Totals

 

 

 

 

 

 

3,398,968.78

1,031,479.14

0.00

 

 

 

824,226,118.40

823,194,639.26

 

 

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 15 of 29

 


 

 

                           

 

 

 

 

 

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

28,555,537.61

15,943,164.00

01/01/23

06/30/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

2

37,402,315.00

9,563,975.00

01/01/23

03/31/23

--

0.00

0.00

397,540.56

397,540.56

0.00

0.00

 

 

3

10,725,495.80

7,490,442.08

01/01/22

09/30/22

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

4

19,123,589.85

9,931,342.90

01/01/23

06/30/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

6

0.00

814,310.00

01/01/23

06/30/23

09/07/23

28,883,751.10

1,916,200.05

154,717.17

2,955,125.64

1,211,701.12

0.00

 

 

7

6,026,357.80

3,013,178.90

01/01/23

06/30/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

9

5,899,606.68

6,033,707.57

04/01/22

03/31/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

10

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

11

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

12

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

13

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

14

2,159,682.00

1,434,675.00

01/01/23

06/30/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

15

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

16

1,550,340.99

799,548.75

01/01/23

06/30/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

17

3,460,752.52

0.00

--

--

--

0.00

0.00

0.00

0.00

416.32

0.00

 

 

18

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

20

1,231,495.51

671,725.00

01/01/23

06/30/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

21

1,176,564.02

1,056,562.38

04/01/22

03/31/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

22

1,101,216.00

595,972.70

01/01/23

06/30/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

23

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

25

1,258,360.28

267,611.78

01/01/23

03/31/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

26

906,422.00

429,291.34

01/01/23

06/30/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

27

848,924.41

647,681.75

01/01/22

09/30/22

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

28

1,101,478.00

0.00

--

--

--

0.00

7,149.79

0.00

0.00

0.00

0.00

 

 

29

800,547.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

30

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

31

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

33

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

 

 

 

 

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Page 16 of 29

 


 

 

                           

 

 

 

 

 

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

 

34

589,803.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

35

465,739.10

501,030.76

04/01/22

03/31/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

36

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

37

751,418.00

445,142.85

01/01/23

06/30/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

40

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

41

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

42

517,965.00

264,671.00

01/01/23

06/30/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

43

413,295.83

256,374.78

01/01/23

06/30/23

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

44

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

45

402,717.00

0.00

--

--

--

0.00

0.00

23,058.17

138,469.42

5,612.02

0.00

 

 

46

0.00

0.00

--

--

--

0.00

0.00

0.00

0.00

0.00

0.00

Full Defeasance

 

49

422,242.64

450,086.59

01/01/22

09/30/22

--

0.00

0.00

0.00

0.00

0.00

0.00

 

 

Totals

126,891,866.04

60,610,495.13

 

 

 

28,883,751.10

1,923,349.84

575,315.90

3,491,135.62

1,217,729.46

0.00

 

 

 

 

 

 

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Page 17 of 29

 


 

 

           

 

 

 

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 18 of 29

 


 

 

                                       

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

09/12/23

0

0.00

0

0.00

2

49,316,843.94

0

0.00

1

45,770,029.91

0

0.00

0

0.00

0

0.00

4.788870%

4.718591%

8

08/11/23

0

0.00

0

0.00

2

49,411,155.15

0

0.00

1

45,857,039.87

0

0.00

0

0.00

0

0.00

4.788964%

4.749040%

9

07/12/23

0

0.00

0

0.00

2

49,505,086.27

0

0.00

1

45,943,702.07

0

0.00

0

0.00

0

0.00

4.789058%

4.749120%

10

06/12/23

0

0.00

1

3,569,130.74

1

46,035,953.19

0

0.00

1

46,035,953.19

0

0.00

0

0.00

0

0.00

4.789158%

4.749203%

11

05/12/23

1

3,576,333.17

0

0.00

1

46,121,900.32

0

0.00

1

46,121,900.32

0

0.00

0

0.00

0

0.00

4.789252%

4.749284%

12

04/12/23

0

0.00

0

0.00

2

49,797,477.75

0

0.00

1

46,213,462.11

0

0.00

0

0.00

0

0.00

4.789352%

4.749368%

13

03/10/23

0

0.00

1

3,591,152.16

1

46,298,699.79

0

0.00

1

46,298,699.79

0

0.00

1

999.10

0

0.00

4.789445%

4.749447%

14

02/10/23

1

3,599,799.63

0

0.00

1

46,401,544.04

0

0.00

1

46,401,544.04

0

0.00

0

0.00

1

3,019,064.04

4.789556%

4.749541%

15

01/12/23

0

0.00

0

0.00

2

49,514,342.46

0

0.00

1

46,486,030.00

1

3,028,312.46

0

0.00

0

0.00

4.791136%

4.750284%

16

12/12/22

0

0.00

0

0.00

2

49,607,697.94

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

4.791230%

4.751443%

17

11/14/22

0

0.00

0

0.00

2

49,707,129.98

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

4.791328%

4.751526%

18

10/13/22

0

0.00

0

0.00

2

49,799,706.27

0

0.00

0

0.00

0

0.00

0

0.00

0

0.00

4.791420%

4.751603%

19

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 19 of 29

 


 

 

                               

 

 

 

 

 

 

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

2

301981002

08/06/23

0

B

 

397,540.56

397,540.56

0.00

100,000,000.00

09/06/23

0

 

 

 

 

6

301981006

03/06/22

17

6

 

154,717.17

2,955,125.64

1,233,477.96

47,336,325.76

06/28/21

7

 

 

 

01/04/23

45

301981045

03/06/23

5

6

 

23,058.17

138,469.42

123,124.63

3,591,152.16

12/29/22

13

 

 

 

 

Totals

 

 

 

 

 

575,315.90

3,491,135.62

1,356,602.59

150,927,477.92

 

 

 

 

 

 

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 20 of 29

 


 

 

                 

 

 

 

 

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

 

138,252,686

138,252,686

0

 

 

0

 

7 - 12 Months

 

541,379,953

492,063,109

3,546,814

 

45,770,030

 

13 - 24 Months

 

10,201,793

10,201,793

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

 

133,360,207

133,360,207

0

 

 

0

 

 

 

 

 

Historical Delinquency Information

 

 

 

 

 

 

 

 

         Total

      Current

      30-59 Days

     60-89 Days

         90+ Days

      REO/Foreclosure

 

 

Sep-23

823,194,639

773,877,795

0

0

 

3,546,814

45,770,030

 

Aug-23

824,226,118

774,814,963

0

0

 

3,554,115

45,857,040

 

Jul-23

825,253,295

775,748,209

0

0

 

3,561,384

45,943,702

 

Jun-23

826,350,034

776,744,950

0

3,569,131

 

0

46,035,953

 

May-23

827,376,738

777,678,504

3,576,333

0

 

0

46,121,900

 

Apr-23

828,473,291

778,675,813

0

0

 

3,584,016

46,213,462

 

Mar-23

829,491,137

779,601,285

0

3,591,152

 

0

46,298,700

 

Feb-23

830,729,042

780,727,698

3,599,800

0

 

0

46,401,544

 

Jan-23

834,765,790

785,251,448

0

0

 

3,028,312

46,486,030

 

Dec-22

835,779,227

786,171,529

0

0

 

49,607,698

0

 

Nov-22

836,863,723

787,156,593

0

0

 

49,707,130

0

 

Oct-22

837,868,403

788,068,696

0

0

 

49,799,706

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 21 of 29

 


 

 

                     

 

 

 

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

2

301981002

100,000,000.00

100,000,000.00

540,100,000.00

03/01/14

9,492,503.50

2.13990

03/31/23

04/06/29

I/O

6

301981006

45,770,029.91

47,336,325.76

26,000,000.00

12/13/22

774,402.00

0.57140

06/30/23

05/06/24

248

45

301981045

3,546,814.03

3,591,152.16

3,900,000.00

02/08/23

402,717.00

1.45220

12/31/22

04/06/24

246

Totals

 

149,316,843.94

150,927,477.92

570,000,000.00

 

10,669,622.50

 

 

 

 

 

 

 

 

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Page 22 of 29

 


 

 

                 

 

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

 

 

 

Servicing

 

 

 

 

 

 

Property

 

Transfer

Resolution

 

 

 

Pros ID

Loan ID

Type¹

State

Date

Strategy Code²

 

Special Servicing Comments

 

2

301981002

OF

Various

09/06/23

0

 

 

 

 

Special Servicer comments are not available for this cycle.

 

 

 

 

 

 

 

6

301981006

OF

OH

06/28/21

7

 

 

 

 

REO Title Date:1/4/2023: The collateral is a 21-story Class B office building built in 1972 and renovated in 2006 and 2013, located in Cleveland, OH CBD. The building is situated on a 1.09 acre site and includes an attached 7-story garage with

 

420 s paces. As of 8/30/2023, the building is 72.5% occupied. Crossed with or is companion: N.A Deferred Maintenance/Repair Issues: Pending evaluation. Leasing: Agent in discussions with several existing tenants about renewals.

 

Signed a short term lease with new tenant that would occupy approx. 27,000 SF. Marketing: Evaluating marketing the property for sale in the early fall.

 

 

45

301981045

OF

WI

12/29/22

13

 

 

 

 

Loan was transferred 12/30/2022 for imminent default due to reduced occupancy at the property. T1 BMO (52% NRA) vacated at YE 22, leaving the building ~15% occupied. The Borrower hired 1st Service Solutions to act as third party

 

consultants. All parties have executed a PNL. Borrower has requested Opex be disbursed by Lender prior to Debt Service in an effort to continue funding the property. Borrower has submitted a DPO offer that was deemed unacceptable to

 

Lender and subsequently denied. 1st Service Solutions, 2nd workout proposal involved Lender auctioning the note and allowing the borrower to participate. Note is being offered for sale via auction on September 20, 2023. Receiver was

 

appointed 8/24/23 via stipulated judgement. Lender will continue moving forward with foreclosure in case the property does not trade at auction.

 

 

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 23 of 29

 


 

 

                   

 

 

 

 

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

21

301981021

11,884,722.46

4.88000%

11,884,722.46

4.88000%

10

08/04/20

05/05/20

09/08/20

25

301981025

8,888,964.18

4.67000%

8,888,964.18

4.67000%

10

05/18/20

06/06/20

06/08/20

28

301981028

0.00

4.99000%

0.00

4.99000%

9

12/30/21

04/01/20

--

35

301981035

0.00

5.43000%

0.00

5.43000%

8

07/19/18

07/27/18

--

48

301981048

0.00

5.20000%

0.00

5.20000%

8

12/12/22

12/12/22

--

Totals

 

20,773,686.64

 

20,773,686.64

 

 

 

 

 

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 24 of 29

 


 

 

                         

 

 

 

 

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

19

301981019                           10/11/19

13,236,874.13

20,010,000.00

11,497,370.71

11,306,599.88

11,497,370.71

190,770.83

13,046,103.30

0.00

(204,508.75)

13,250,612.05

92.87%

39

301981039                           08/12/19

4,616,683.89

5,300,000.00

3,157,411.28

869,232.31

3,026,375.42

2,157,143.11

2,459,540.78

13,806.68

175,154.25

2,284,386.53

45.73%

48

301981048                          02/10/23

3,028,312.46

3,460,000.00

3,179,491.30

151,178.84

3,179,491.30

3,028,312.46

0.00

0.00

(136.00)

136.00

0.00%

Current Period Totals

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

Cumulative Totals

20,881,870.48

28,770,000.00

17,834,273.29

12,327,011.03

17,703,237.43

5,376,226.40

15,505,644.08

13,806.68

(29,490.50)

15,535,134.58

 

 

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

 

 

 

 

 

 

 

 

 

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Page 25 of 29

 


 

 

                       

 

 

 

 

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

19

301981019

08/11/23

0.00

0.00

13,250,612.05

0.00

0.00

1,435.25

0.00

0.00

13,250,612.41

 

 

07/12/23

0.00

0.00

13,249,176.80

0.00

0.00

27,672.87

0.00

0.00

 

 

 

05/12/23

0.00

0.00

13,221,503.93

0.00

0.00

3,958.25

0.00

0.00

 

 

 

04/12/23

0.00

0.00

13,217,545.68

0.00

0.00

12,359.86

0.00

0.00

 

 

 

01/12/23

0.00

0.00

13,205,185.82

0.00

0.00

4,027.37

0.00

0.00

 

 

 

12/12/22

0.00

0.00

13,201,158.45

0.00

0.00

5,044.49

0.00

0.00

 

 

 

10/13/22

0.00

0.00

13,196,113.96

0.00

0.00

1,708.40

0.00

0.00

 

 

 

08/12/22

0.00

0.00

13,194,405.56

0.00

0.00

7,424.01

0.00

0.00

 

 

 

06/10/22

0.00

0.00

13,186,981.55

0.00

0.00

13,831.99

0.00

0.00

 

 

 

05/12/22

0.00

0.00

13,173,149.56

0.00

0.00

10,686.62

0.00

0.00

 

 

 

04/12/22

0.00

0.00

13,162,462.94

0.00

0.00

752.00

0.00

0.00

 

 

 

01/12/22

0.00

0.00

13,161,710.94

0.00

0.00

8,256.37

0.00

0.00

 

 

 

12/10/21

0.00

0.00

13,153,454.57

0.00

0.00

3,253.12

0.00

0.00

 

 

 

10/13/21

0.00

0.00

13,150,201.81

0.00

0.00

14,604.22

0.00

0.00

 

 

 

08/12/21

0.00

0.00

13,135,597.59

0.00

0.00

2,353.50

0.00

0.00

 

 

 

07/12/21

0.00

0.00

13,133,244.09

0.00

0.00

6,121.86

0.00

0.00

 

 

 

06/11/21

0.00

0.00

13,127,122.23

0.00

0.00

22,309.87

0.00

0.00

 

 

 

03/12/21

0.00

0.00

13,104,812.36

0.00

0.00

967.00

0.00

0.00

 

 

 

01/12/21

0.00

0.00

13,103,845.36

0.00

0.00

6,196.50

0.00

0.00

 

 

 

12/11/20

0.00

0.00

13,097,648.86

0.00

0.00

1,350.00

0.00

0.00

 

 

 

09/14/20

0.00

0.00

13,096,298.86

0.00

0.00

13,797.75

0.00

0.00

 

 

 

07/10/20

0.00

0.00

13,082,501.11

0.00

0.00

517.50

0.00

0.00

 

 

 

06/12/20

0.00

0.00

13,081,983.61

0.00

0.00

1,142.50

0.00

0.00

 

 

 

05/12/20

0.00

0.00

13,080,841.11

0.00

0.00

23,366.32

0.00

0.00

 

 

 

01/10/20

0.00

0.00

13,057,474.79

0.00

0.00

4,426.87

0.00

0.00

 

 

 

12/12/19

0.00

0.00

13,053,047.92

0.00

0.00

6,944.62

0.00

0.00

 

 

 

10/11/19

0.00

0.00

13,046,103.30

0.00

0.00

13,046,103.30

0.00

0.00

 

39

301981039

09/12/23

0.00

0.00

2,284,386.53

0.00

0.00

(13,806.68)

0.00

0.00

2,284,386.53

 

 

11/15/21

0.00

0.00

2,298,193.21

0.00

0.00

8,198.50

0.00

0.00

 

 

 

10/13/21

0.00

0.00

2,289,994.71

0.00

0.00

(221,281.09)

0.00

0.00

 

 

 

 

 

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Page 26 of 29

 


 

 

                       

 

 

 

 

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

39

301981039

09/13/21

0.00

0.00

2,511,275.80

0.00

0.00

7,639.00

0.00

0.00

 

 

 

08/12/21

0.00

0.00

2,503,636.80

0.00

0.00

8,568.00

0.00

0.00

 

 

 

07/12/21

0.00

0.00

2,495,068.80

0.00

0.00

2,931.00

0.00

0.00

 

 

 

06/11/21

0.00

0.00

2,492,137.80

0.00

0.00

2,943.48

0.00

0.00

 

 

 

05/12/21

0.00

0.00

2,489,194.32

0.00

0.00

10,948.00

0.00

0.00

 

 

 

03/12/21

0.00

0.00

2,478,246.32

0.00

0.00

188.00

0.00

0.00

 

 

 

01/12/21

0.00

0.00

2,478,058.32

0.00

0.00

2,324.00

0.00

0.00

 

 

 

12/11/20

0.00

0.00

2,475,734.32

0.00

0.00

9,728.00

0.00

0.00

 

 

 

09/14/20

0.00

0.00

2,466,006.32

0.00

0.00

28,735.16

0.00

0.00

 

 

 

05/12/20

0.00

0.00

2,437,271.16

0.00

0.00

20,215.00

0.00

0.00

 

 

 

03/12/20

0.00

0.00

2,417,056.16

0.00

0.00

(61,036.09)

0.00

0.00

 

 

 

01/10/20

0.00

0.00

2,478,092.25

0.00

0.00

2,178.50

0.00

0.00

 

 

 

12/12/19

0.00

0.00

2,475,913.75

0.00

0.00

13,887.97

0.00

0.00

 

 

 

10/11/19

0.00

0.00

2,462,025.78

0.00

0.00

2,485.00

0.00

0.00

 

 

 

08/12/19

0.00

0.00

2,459,540.78

0.00

0.00

2,459,540.78

0.00

0.00

 

48

301981048

08/11/23

0.00

0.00

136.00

0.00

0.00

430.00

0.00

0.00

1,671.69

 

 

07/12/23

0.00

0.00

136.00

0.00

0.00

136.00

0.00

0.00

 

 

 

02/27/23

0.00

0.00

0.00

0.00

0.00

1,105.69

0.00

0.00

 

Current Period Totals

 

0.00

0.00

0.00

0.00

0.00

(13,806.68)

0.00

0.00

(13,806.68)

Cumulative Totals

 

0.00

0.00

15,535,134.58

0.00

0.00

15,536,670.63

0.00

0.00

15,536,670.63

 

 

 

 

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Page 27 of 29

 


 

 

                         

 

 

 

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)

6

0.00

0.00

9,872.00

0.00

0.00

115,655.35

0.00

0.00

0.00

0.00

0.00

0.00

28

0.00

0.00

0.00

0.00

369.99

0.00

0.00

0.00

0.00

0.00

0.00

0.00

45

0.00

0.00

1,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Total

0.00

0.00

10,872.00

0.00

369.99

115,655.35

0.00

0.00

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

126,897.34

 

 

 

 

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Page 28 of 29

 


 

 

     

 

Supplemental Notes

 

 

None

 

 

 

 

 

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Page 29 of 29