EX-99.1 2 msc19l03_ex991-202106.htm msc19l03_ex991-202106.htm - Generated by SEC Publisher for SEC Filing

 

       

 

 

For Additional Information, please contact

 

Morgan Stanley Capital I Trust 2019-L3

CTSLink Customer Service

 

 

 

1-866-846-4526

 

Wells Fargo Bank, N.A.

Commercial Mortgage Pass-Through Certificates

Reports Available www.ctslink.com

Corporate Trust Services

Series 2019-L3

Distribution Date:

6/17/21

8480 Stagecoach Circle

 

Record Date:

5/28/21

Frederick, MD 21701-4747

 

Determination Date:

6/11/21

 

                 

 

 

DISTRIBUTION DATE STATEMENT

 

 

 

 

 

 

Table of Contents

 

 

 

 

 

 

 

STATEMENT SECTIONS

 

 

 

PAGE(s)

 

 

 

 

Certificate Distribution Detail

 

 

 

2

 

 

 

 

Certificate Factor Detail

 

 

 

3

 

 

 

 

Reconciliation Detail

 

 

 

4

 

 

 

 

Other Required Information

 

 

 

5

 

 

 

 

Cash Reconciliation

 

 

 

6

 

 

 

 

Current Mortgage Loan and Property Stratification Tables

7 - 9

 

 

 

 

Mortgage Loan Detail

 

 

 

10 - 12

 

 

 

 

NOI Detail

 

 

 

13 - 14

 

 

 

 

Principal Prepayment Detail

 

 

 

15

 

 

 

 

Historical Detail

 

 

 

16

 

 

 

 

Delinquency Loan Detail

 

 

 

17

 

 

 

 

Specially Serviced Loan Detail

 

 

 

18 - 19

 

 

 

 

Advance Summary

 

 

 

20

 

 

 

 

Modified Loan Detail

 

 

 

21

 

 

 

 

Historical Liquidated Loan Detail

 

 

 

22

 

 

 

 

Historical Bond/Collateral Loss Reconciliation Detail

 

23

 

 

 

 

Interest Shortfall Reconciliation Detail

 

 

 

24 - 25

 

 

 

 

Supplemental Reporting

 

 

 

26

 

 

 

 

 

 

 

 

 

 

Operating Advisor / Asset

Depositor

 

Master Servicer

 Special Servicer

 

 

Representations Reviewer

 

Morgan Stanley Capital I Inc.

Wells Fargo Bank, National Association

LNR Partners, LLC

 

Park Bridge Lender Services LLC

1585 Broadway

 

 

1601 Washington Avenue

 

600 Third Avenue,

 

New York, NY 10036

Three Wells Fargo, MAC D1050-084

Suite 700

 

 

40th Floor

 

 

 

401 S. Tryon Street, 8th Floor

Miami Beach, FL 33139

 

New York, NY 10016

 

 

Charlotte, NC 28202

 

 

 

 

 

 

 

 

Contact:

General Information Number

Contact: REAM_InvestorRelations@wellsfargo.com

Contact:

www.lnrpartners.com

 

Contact:

David Rodgers

Phone Number:

(212) 761-4000

 

Phone Number: (305) 695-5600

 

Phone Number:

(212) 230-9025

 

This report is compiled by Wells Fargo Bank, N.A. from information provided by third parties. Wells Fargo Bank, 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, certificateholders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526.

   

Copyright 2021, Wells Fargo Bank, N.A.

Page 1 of 26

 


 

                       

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

Original

Beginning

Principal

Interest

 

Realized Loss /

Total

Ending

     Current

Class

CUSIP

Pass-Through

 

 

 

 

Prepayment

Additional Trust

 

 

    Subordination

 

 

Rate

Balance

Balance

Distribution

Distribution

Penalties

Fund Expenses

Distribution

Balance

     Level (1)

 

A-1

61691UBA6

2.179000%

11,300,000.00

9,482,036.57

125,542.23

17,217.80

0.00

0.00

142,760.03

9,356,494.34

30.06%

A-2

61691UBB4

2.529000%

9,200,000.00

9,200,000.00

0.00

19,389.00

0.00

0.00

19,389.00

9,200,000.00

30.06%

A-SB

61691UBC2

3.067000%

24,600,000.00

24,600,000.00

0.00

62,873.50

0.00

0.00

62,873.50

24,600,000.00

30.06%

A-3

61691UBD0

2.874000%

243,051,000.00

243,051,000.00

0.00

582,107.14

0.00

0.00

582,107.14

243,051,000.00

30.06%

A-4

61691UBE8

3.127000%

426,667,000.00

426,667,000.00

0.00

1,111,823.09

0.00

0.00

1,111,823.09

426,667,000.00

30.06%

A-S

61691UBH1

3.490000%

94,458,000.00

94,458,000.00

0.00

274,715.35

0.00

0.00

274,715.35

94,458,000.00

20.79%

B

61691UBJ7

3.782335%

53,612,000.00

53,612,000.00

0.00

168,982.10

0.00

0.00

168,982.10

53,612,000.00

15.53%

C

61691UBK4

3.782335%

44,676,000.00

44,676,000.00

0.00

140,816.32

0.00

0.00

140,816.32

44,676,000.00

11.15%

D

61691UAJ8

2.500000%

26,805,000.00

26,805,000.00

0.00

55,843.75

0.00

0.00

55,843.75

26,805,000.00

8.52%

E

61691UAL3

2.500000%

20,424,000.00

20,424,000.00

0.00

42,550.00

0.00

0.00

42,550.00

20,424,000.00

6.51%

F

61691UAN9

2.750000%

11,488,000.00

11,488,000.00

0.00

26,326.67

0.00

0.00

26,326.67

11,488,000.00

5.39%

G

61691UAQ2

2.750000%

10,212,000.00

10,212,000.00

0.00

23,402.50

0.00

0.00

23,402.50

10,212,000.00

4.38%

H

61691UAS8

2.750000%

10,211,000.00

10,211,000.00

0.00

23,400.21

0.00

0.00

23,400.21

10,211,000.00

3.38%

J-RR

61691UAU3

3.782335%

34,465,361.00

34,465,361.00

0.00

108,156.72

0.00

0.00

108,156.72

34,465,361.00

0.00%

R

61691UAY5

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

V

61691UAX7

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

 

Totals

 

 

1,021,169,361.00

1,019,351,397.57

125,542.23

2,657,604.15

0.00

0.00

2,783,146.38

1,019,225,855.34

 

 

 

 

 

 

Original

Beginning

 

 

 

Ending

 

 

 

Class

CUSIP

Pass-Through

Notional

Notional

Interest

Prepayment

Total

Notional

 

 

 

 

 

Rate

Amount

Amount

Distribution

Penalties

Distribution

Amount

 

 

 

 

X-A

61691UBF5

0.763972%

714,818,000.00

713,000,036.57

453,926.74

0.00

453,926.74

712,874,494.34

 

 

 

X-B

61691UBG3

0.143263%

192,746,000.00

192,746,000.00

23,011.12

0.00

23,011.12

192,746,000.00

 

 

 

X-D

61691UAA7

1.282335%

47,229,000.00

47,229,000.00

50,469.49

0.00

50,469.49

47,229,000.00

 

 

 

X-F

61691UAC3

1.032335%

11,488,000.00

11,488,000.00

9,882.88

0.00

9,882.88

11,488,000.00

 

 

 

X-G

61691UAE9

1.032335%

10,212,000.00

10,212,000.00

8,785.17

0.00

8,785.17

10,212,000.00

 

 

 

X-H

61691UAG4

1.032335%

10,211,000.00

10,211,000.00

8,784.31

0.00

8,784.31

10,211,000.00

 

 

 

 

(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).

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

Page 2 of 26

 


 

               

 

 

 

Certificate Factor Detail

 

 

 

 

 

 

 

 

Beginning

Principal

Interest

Prepayment

Realized Loss /

Ending

Class

CUSIP

 

 

 

 

Additional Trust

 

 

 

Balance

Distribution

Distribution

Penalties

 

Balance

 

 

 

 

 

 

Fund Expenses

 

 

A-1

61691UBA6

839.11828053

11.10993186

1.52369912

0.00000000

0.00000000

828.00834867

A-2

61691UBB4

1,000.00000000

0.00000000

2.10750000

0.00000000

0.00000000

1,000.00000000

A-SB

61691UBC2

1,000.00000000

0.00000000

2.55583333

0.00000000

0.00000000

1,000.00000000

A-3

61691UBD0

1,000.00000000

0.00000000

2.39499998

0.00000000

0.00000000

1,000.00000000

A-4

61691UBE8

1,000.00000000

0.00000000

2.60583333

0.00000000

0.00000000

1,000.00000000

A-S

61691UBH1

1,000.00000000

0.00000000

2.90833333

0.00000000

0.00000000

1,000.00000000

B

61691UBJ7

1,000.00000000

0.00000000

3.15194546

0.00000000

0.00000000

1,000.00000000

C

61691UBK4

1,000.00000000

0.00000000

3.15194556

0.00000000

0.00000000

1,000.00000000

D

61691UAJ8

1,000.00000000

0.00000000

2.08333333

0.00000000

0.00000000

1,000.00000000

E

61691UAL3

1,000.00000000

0.00000000

2.08333333

0.00000000

0.00000000

1,000.00000000

F

61691UAN9

1,000.00000000

0.00000000

2.29166696

0.00000000

0.00000000

1,000.00000000

G

61691UAQ2

1,000.00000000

0.00000000

2.29166667

0.00000000

0.00000000

1,000.00000000

H

61691UAS8

1,000.00000000

0.00000000

2.29166683

0.00000000

0.00000000

1,000.00000000

J-RR

61691UAU3

1,000.00000000

0.00000000

3.13812816

0.00000000

0.00000000

1,000.00000000

R

61691UAY5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V

61691UAX7

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

 

 

 

Beginning

 

 

Ending

 

 

Class

CUSIP

Notional

Interest

Prepayment

Notional

 

 

 

 

Amount

Distribution

Penalties

Amount

 

 

 

X-A

61691UBF5

997.45674643

0.63502422

0.00000000

997.28111819

 

 

X-B

61691UBG3

1,000.00000000

0.11938572

0.00000000

1,000.00000000

 

 

X-D

61691UAA7

1,000.00000000

1.06861229

0.00000000

1,000.00000000

 

 

X-F

61691UAC3

1,000.00000000

0.86027855

0.00000000

1,000.00000000

 

 

X-G

61691UAE9

1,000.00000000

0.86027908

0.00000000

1,000.00000000

 

 

X-H

61691UAG4

1,000.00000000

0.86027911

0.00000000

1,000.00000000

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

Page 3 of 26

 


 

                         

 

 

 

 

 

 

Reconciliation Detail

 

 

 

 

Principal Reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

Stated Beginning Principal

Unpaid Beginning

Scheduled Principal

Unscheduled

Principal

Realized Loss

Stated Ending

Unpaid Ending

Current Principal

 

Balance

 

Principal Balance

 

 

Principal

Adjustments

 

Principal Balance

Principal Balance

Distribution Amount

Total

1,019,351,398.38

1,019,351,303.65

125,542.23

   0.00

     0.00

      0.00

1,019,225,856.15

1,019,249,120.67

125,542.23

 

Certificate Interest Reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

Accrual

Accrual

Accrued

Net Aggregate

Distributable

Distributable

Additional Interest

      Interest

Interest

Remaining Unpaid

Class

 

 

 

Certificate

Prepayment

Certificate

Certificate Interest

Distribution Amount       Shortfall/ (Excess)

Distribution

Distributable

 

Dates

Days

 

Interest

Interest Shortfall

Interest

Adjustment

 

 

 

Certificate Interest

A-1

05/01/2021 - 05/30/2021

30

 

17,217.80

0.00

17,217.80

0.00

0.00

0.00

17,217.80

0.00

A-2

05/01/2021 - 05/30/2021

30

 

19,389.00

0.00

19,389.00

0.00

0.00

0.00

19,389.00

0.00

A-SB

05/01/2021 - 05/30/2021

30

 

62,873.50

0.00

62,873.50

0.00

0.00

0.00

62,873.50

0.00

A-3

05/01/2021 - 05/30/2021

30

 

582,107.14

0.00

582,107.14

0.00

0.00

0.00

582,107.14

0.00

A-4

05/01/2021 - 05/30/2021

30

 

1,111,823.09

0.00

1,111,823.09

0.00

0.00

0.00

1,111,823.09

0.00

X-A

05/01/2021 - 05/30/2021

30

 

453,926.74

0.00

453,926.74

0.00

0.00

0.00

453,926.74

0.00

X-B

05/01/2021 - 05/30/2021

30

 

23,011.12

0.00

23,011.12

0.00

0.00

0.00

23,011.12

0.00

X-D

05/01/2021 - 05/30/2021

30

 

50,469.49

0.00

50,469.49

0.00

0.00

0.00

50,469.49

0.00

X-F

05/01/2021 - 05/30/2021

30

 

9,882.88

0.00

9,882.88

0.00

0.00

0.00

9,882.88

0.00

X-G

05/01/2021 - 05/30/2021

30

 

8,785.17

0.00

8,785.17

0.00

0.00

0.00

8,785.17

0.00

X-H

05/01/2021 - 05/30/2021

30

 

8,784.31

0.00

8,784.31

0.00

0.00

0.00

8,784.31

0.00

A-S

05/01/2021 - 05/30/2021

30

 

274,715.35

0.00

274,715.35

0.00

0.00

0.00

274,715.35

0.00

B

05/01/2021 - 05/30/2021

30

 

168,982.10

0.00

168,982.10

0.00

0.00

0.00

168,982.10

0.00

C

05/01/2021 - 05/30/2021

30

 

140,816.32

0.00

140,816.32

0.00

0.00

0.00

140,816.32

0.00

D

05/01/2021 - 05/30/2021

30

 

55,843.75

0.00

55,843.75

0.00

0.00

0.00

55,843.75

0.00

E

05/01/2021 - 05/30/2021

30

 

42,550.00

0.00

42,550.00

0.00

0.00

0.00

42,550.00

0.00

F

05/01/2021 - 05/30/2021

30

 

26,326.67

0.00

26,326.67

0.00

0.00

0.00

26,326.67

0.00

G

05/01/2021 - 05/30/2021

30

 

23,402.50

0.00

23,402.50

0.00

0.00

0.00

23,402.50

0.00

H

05/01/2021 - 05/30/2021

30

 

23,400.21

0.00

23,400.21

0.00

0.00

0.00

23,400.21

0.00

J-RR

05/01/2021 - 05/30/2021

30

 

108,632.94

0.00

108,632.94

0.00

0.00

476.22

108,156.72

5,021.57

Totals

 

 

 

3,212,940.08

0.00

3,212,940.08

0.00

0.00

476.22

3,212,463.86

5,021.57

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

Page 4 of 26

 


 

             

 

Other Required Information

 

 

 

 

 

Available Funds (1)

3,338,006.09

Appraisal Reduction Amount

 

 

 

 

 

Loan

Loan

Appraisal

Cumulative

Most Recent

 

 

Number

Group

Reduction

ASER

Appraisal

 

 

 

 

Affected

Amount

Reduction Date

 

 

Controlling Class Information

 

 

None

 

 

Controlling Class:

J-RR

 

 

 

 

 

Effective as of: 11/21/2019

Total

 

 

 

 

 

 

 

 

(1) The Available Funds includes any Prepayment Premiums and Yield Maintenance Charges.

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

Page 5 of 26

 


 

         

 

Cash Reconciliation Detail

 

 

 

 

Total Funds Collected

 

Total Funds Distributed

 

 

Interest:

 

Fees:

 

 

Scheduled Interest

3,231,303.95

Master Servicing Fee - Wells Fargo Bank, N.A.

 

10,534.14

Interest reductions due to Nonrecoverability Determinations

0.00

Certificate Administrator Fee - Wells Fargo Bank, N.A.

 

5,731.54

Interest Adjustments

0.00

Trustee Fee - Wilmington Trust, N.A.

 

290.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

 

438.89

ARD Interest

0.00

Operating Advisor Fee - Park Bridge Lender Services LLC

 

1,158.66

Default Interest and Late Payment Charges

0.00

Asset Representations Reviewer Fee - Park Bridge Lender Services LLC

210.67

Net Prepayment Interest Shortfall

0.00

Total Fees

 

18,363.89

Net Prepayment Interest Excess

0.00

 

 

 

Extension Interest

0.00

Additional Trust Fund Expenses:

 

 

Interest Reserve Withdrawal

0.00

Reimbursement for Interest on Advances

 

0.00

Total Interest Collected

                        3,231,303.95

ASER Amount

 

0.00

 

 

Special Servicing Fee

 

0.00

Principal:

 

Rating Agency Expenses

 

0.00

Scheduled Principal

125,542.23

Attorney Fees & Expenses

 

0.00

Unscheduled Principal

0.00

Bankruptcy Expense

 

0.00

Principal Prepayments

0.00

Taxes Imposed on Trust Fund

 

0.00

Collection of Principal after Maturity Date

0.00

Non-Recoverable Advances

 

0.00

Recoveries from Liquidation and Insurance Proceeds

0.00

Workout Delayed Reimbursement Amounts

 

0.00

Excess of Prior Principal Amounts paid

0.00

Other Expenses

 

476.22

Curtailments

0.00

Total Additional Trust Fund Expenses

 

476.22

Negative Amortization

0.00

 

 

 

Principal Adjustments

0.00

Interest Reserve Deposit

 

0.00

Total Principal Collected

125,542.23

 

 

 

Other:

 

Payments to Certificateholders & Others:

 

 

Prepayment Premiums/Yield Maintenance Charges

0.00

Interest Distribution

                3,212,463.86

Repayment Fees

0.00

Principal Distribution

             125,542.23

Borrower Option Extension Fees

0.00

Prepayment Premiums/Yield Maintenance Charges

 

0.00

Excess Liquidation Proceeds

0.00

Borrower Option Extension Fees

 

0.00

Total Other Collected:

0.00

Total Payments to Certificateholders & Others

 

3,338,006.09

Total Funds Collected

3,356,846.18

Total Funds Distributed

 

3,356,846.20

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

Page 6 of 26

 


 

                           

 

 

Current Mortgage Loan and Property Stratification Tables

 

 

 

 

 

 

 

 

 

 

 

Aggregate Pool

 

 

 

 

 

 

 

 

 

 

 

Property Type (1)

 

 

 

 

 

 

State (1)

 

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

 

 

 

Agg.

 

 

 

 

 

 

 

 

 

 

Property

# of

Scheduled

 

WAM

WAC

Weighted

State

# of

Scheduled

Agg.

WAM

WAC

Weighted

Type

Props

Balance

Bal.

(2)

 

Avg DSCR (3)

 

Props

Balance

 

(2)

 

Avg DSCR (3)

 

 

 

 

 

 

 

 

 

 

Bal.

 

 

 

 

Industrial

26

99,869,699.85

9.80

101

3.1980

3.955848

Alabama

2

27,427,573.20

2.69

100

3.7715

2.485278

 

 

 

 

 

 

 

California

7

133,084,623.33

13.06

101

3.6037

2.589660

Lodging

14

89,323,951.18

8.76

101

4.2658

0.927774

Colorado

2

11,990,000.00

1.18

52

3.8323

2.996575

Mixed Use

14

152,619,350.87

14.97

100

3.6251

1.801588

Florida

8

90,323,461.31

8.86

101

4.2305

1.665962

Multi-Family

15

246,008,472.19

24.14

101

3.7037

2.006160

Georgia

3

12,997,306.81

1.28

100

3.7023

2.186379

 

 

 

 

 

 

 

Illinois

3

15,139,487.18

1.49

101

3.8301

2.321605

Office

11

243,372,800.14

23.88

98

3.5471

2.741909

Indiana

7

25,010,938.14

2.45

101

2.9318

4.486939

Other

1

20,000,000.00

1.96

100

4.1500

1.543200

Iowa

1

2,970,749.54

0.29

101

2.6533

5.236600

Retail

18

163,931,581.90

16.08

100

3.8143

2.287057

Kentucky

2

9,676,855.58

0.95

101

3.2386

3.687662

Self Storage

1

4,100,000.00

0.40

98

3.7960

2.419200

Louisiana

1

1,963,852.40

0.19

100

3.6500

2.472300

 

 

 

 

 

 

 

Maryland

2

72,696,526.51

7.13

101

3.3704

3.100198

Totals

100

1,019,225,856.15

100.00

100

3.6812

2.337778

Massachusetts

4

30,732,187.92

3.02

97

3.9831

1.558625

 

 

 

 

 

 

 

Michigan

5

27,073,822.69

2.66

101

3.7154

2.445901

 

 

 

 

 

 

 

Minnesota

1

40,000,000.00

3.92

101

3.4000

2.423000

 

 

 

 

 

 

 

Missouri

6

51,389,853.75

5.04

101

3.4364

2.705772

 

 

 

 

 

 

 

Nevada

3

73,238,653.86

7.19

98

3.7887

1.899613

 

 

 

 

 

 

 

New Jersey

1

20,000,000.00

1.96

100

4.1500

1.543200

 

 

Seasoning

 

 

 

 

New York

14

152,599,999.99

14.97

100

3.5879

1.361154

 

 

 

 

 

 

 

North Carolina

2

5,233,174.24

0.51

98

3.9051

1.978461

 

 

 

% of

 

 

 

Ohio

2

12,153,245.45

1.19

101

2.9416

4.437050

 

# of

Scheduled

 

WAM

 

Weighted

Pennsylvania

7

47,947,235.96

4.70

101

3.9897

2.644950

Seasoning

 

 

Agg.

 

WAC

 

 

 

 

 

 

 

 

 

Loans

Balance

 

(2)

 

Avg DSCR (3)

South Carolina

1

29,950,000.00

2.94

100

3.8250

1.891900

 

 

 

Bal.

 

 

 

Texas

6

85,820,160.98

8.42

101

3.7567

2.254934

 

 

 

 

 

 

 

Virginia

6

20,506,883.96

2.01

100

3.4658

2.690980

12 months or less

0

0.00

0.00

0

0.0000

0.000000

Washington

1

8,300,000.00

0.81

101

3.4500

2.985100

13 months to 24 months

59

1,019,225,856.15

100.00

100

3.6812

2.337778

Wisconsin

2

9,555,000.00

0.94

101

3.8709

2.132020

25 months to 36 months

0

0.00

0.00

0

0.0000

0.000000

Wyoming

1

1,444,263.33

0.14

100

3.6500

2.472300

37 months to 48 months

0

0.00

0.00

0

0.0000

0.000000

Totals

100

1,019,225,856.15

100.00

100

3.6812

2.337778

49 months or greater

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

59

1,019,225,856.15

100.00

100

3.6812

2.337778

 

 

 

 

 

 

 

 

 

See footnotes on last page of this section.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

Page 7 of 26

 


 

                           

 

 

Current Mortgage Loan and Property Stratification Tables

 

 

 

 

 

 

 

 

 

 

Aggregate Pool

 

 

 

 

 

 

 

 

 

Scheduled Balance

 

 

 

 

 

 

Note Rate

 

 

 

 

 

 

Scheduled

# of

Scheduled

% of

WAM

 

Weighted

Note

# of

Scheduled

% of

WAM

WAC

Weighted

 

 

 

Agg.

 

WAC

 

 

 

 

Agg.

 

 

 

Balance

Loans

Balance

 

(2)

 

Avg DSCR (3)

Rate

Loans

Balance

 

(2)

 

Avg DSCR (3)

 

 

 

Bal.

 

 

 

 

 

 

Bal.

 

 

 

 

10,000,000 or less

24

166,622,686.32

16.35

97

3.8415

2.394095

2.9990% or less

1

50,000,000.00

4.91

101

2.6533

5.236600

10,000,001 to 20,000,000

20

309,991,152.45

30.41

100

3.7351

2.100044

3.0000% to 3.4990%

14

299,720,000.00

29.41

101

3.3930

2.489466

20,000,001 to 30,000,000

7

182,512,017.38

17.91

101

3.8671

1.994402

3.5000% to 3.9990%

30

516,458,895.58

50.67

99

3.7583

2.178827

30,000,001 to 40,000,000

4

144,500,000.00

14.18

100

3.6486

1.885940

4.0000% to 4.4990%

12

121,184,943.19

11.89

100

4.1705

1.794525

40,000,001 or greater

4

215,600,000.00

21.15

101

3.3441

3.229580

4.5000% or greater

2

31,862,017.38

3.13

101

4.8935

1.004538

 

Totals

59

1,019,225,856.15

100.00

100

3.6812

2.337778

Totals

59

1,019,225,856.15

100.00

100

3.6812

2.337778

 

 

 

 

 

 

 

See footnotes on last page of this section.

 

 

 

 

 

 

 

 

Anticipated Remaining Term (ARD and Balloon Loans)

 

Remaining Amortization Term (ARD and Balloon Loans)

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

 

 

 

Agg.

 

 

 

 

 

 

 

 

 

 

Anticipated Remaining

# of

Scheduled

 

WAM

WAC

Weighted

Remaining Amortization

# of

Scheduled

Agg.

WAM

WAC

Weighted

Term (2)

Loans

Balance

 

(2)

 

Avg DSCR (3)

Term

Loans

Balance

 

(2)

 

Avg DSCR (3)

 

 

 

Bal.

 

 

 

 

 

 

Bal.

 

 

 

 

60 months or less

1

9,700,000.00

0.95

41

3.8600

2.981200

Interest Only

36

745,296,153.86

73.12

100

3.5460

2.457727

61 months or greater

58

1,009,525,856.15

99.05

100

3.6794

2.331596

359 months or less

23

273,929,702.29

26.88

99

4.0489

2.011426

 

Totals

59

1,019,225,856.15

100.00

100

3.6812

2.337778

360 months or greater

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

Totals

59

1,019,225,856.15

100.00

100

3.6812

2.337778

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

Page 8 of 26

 


 

                           

 

 

Current Mortgage Loan and Property Stratification Tables

 

 

 

 

 

 

 

 

 

 

Aggregate Pool

 

 

 

 

 

 

 

 

Debt Service Coverage Ratio (3)

 

 

 

 

Age of Most Recent NOI

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

 

 

 

Agg.

 

 

 

 

 

 

 

 

 

 

Debt Service

# of

Scheduled

 

WAM

WAC

Weighted

Age of Most

# of

Scheduled

Agg.

WAM

WAC

Weighted

Coverage Ratio

Loans

Balance

Bal.

(2)

 

Avg DSCR (3)

Recent NOI

Loans

Balance

 

(2)

 

Avg DSCR (3)

 

 

 

 

 

 

 

 

 

 

Bal.

 

 

 

 

1.40 or less

9

130,858,951.18

12.84

101

4.0729

1.002075

Underwriter's Information

8

118,846,153.86

11.66

100

3.5508

2.311489

1.41 to 1.60

3

34,344,186.32

3.37

100

4.0973

1.527066

 

 

 

 

 

 

 

1.61 to 1.80

3

76,527,823.07

7.51

98

3.8276

1.707716

12 months or less

51

900,379,702.29

88.34

100

3.6984

2.341248

1.81 to 2.00

6

121,648,375.68

11.94

100

3.6557

1.897768

13 months to 24 months

0

0.00

0.00

0

0.0000

0.000000

2.01 to 2.20

8

162,480,000.00

15.94

100

3.6739

2.138199

25 months or greater

0

0.00

0.00

0

0.0000

0.000000

2.21 or greater

30

493,366,519.90

48.41

99

3.5342

3.020441

 

 

 

 

 

 

 

Totals

59

1,019,225,856.15

100.00

100

3.6812

2.337778

Totals

59

1,019,225,856.15

100.00

100

3.6812

2.337778

 

 

 

 

(1) 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.

 

 

 

 

 

(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) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. As NCF DSCRs are reported in the Loan Periodic File, the most current NCF DSCR is

used in the stratification section of this report. If no updated NCF DSCRs are reported, the most current NOI DSCR is used. If no updated DSCR information is provided, then information from the offering document is

used. If the DSCRs reported by the Master Servicer are based on a period of less than 12 months, they are normalized based on the Most Recent Financial as of Start and End Dates reported in the Loan Periodic File.

The DSCR information was provided to the Certificate Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such information.

 

 

Note: There are no Hyper-Amortization Loans included in the Mortgage Pool.

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

Page 9 of 26

 


 

                                   

 

 

 

 

 

 

 

Mortgage Loan Detail

 

 

 

 

 

 

 

 

Loan

 

Property

 

 

Interest

Principal

Gross

Anticipated

Maturity

Neg.

Beginning

Ending

Paid

Appraisal

Appraisal

Res.

Mod.

Number

ODCR

Type (1)

  City

State

Payment

Payment

Coupon

Repayment

Date

Amort

Scheduled

Scheduled

Thru

Reduction

Reduction

Strat.

Code

 

 

 

 

 

 

 

 

Date

 

(Y/N)

Balance

Balance

Date

Date

Amount

(2)

(3)

 

322781001

1

Various

Various

Various

157,152.78

0.00

3.650%

N/A

10/1/29

N

50,000,000.00

50,000,000.00

6/1/21

 

 

 

 

322781101

1A

Various

Various

Various

31,430.56

0.00

3.650%

N/A

10/1/29

N

10,000,000.00

10,000,000.00

6/1/21

 

 

 

 

322781111

1B

Various

Various

Various

31,430.56

0.00

3.650%

N/A

10/1/29

N

10,000,000.00

10,000,000.00

6/1/21

 

 

 

 

322781002

2

OF

Rockville

MD

204,823.89

0.00

3.398%

N/A

11/1/29

N

70,000,000.00

70,000,000.00

6/5/21

 

 

 

 

301741433

3

Various

New York

NY

73,340.83

0.00

3.340%

N/A

10/6/29

N

25,500,000.00

25,500,000.00

6/6/21

 

 

 

 

301741435

3A

Various

New York

NY

57,522.22

0.00

3.340%

N/A

10/6/29

N

20,000,000.00

20,000,000.00

6/6/21

 

 

 

 

301741436

3B

Various

New York

NY

43,141.67

0.00

3.340%

N/A

10/6/29

N

15,000,000.00

15,000,000.00

6/6/21

 

 

 

 

322781004

4

RT

Las Vegas

NV

128,849.78

0.00

3.741%

N/A

7/1/29

N

40,000,000.00

40,000,000.00

6/1/21

 

 

 

 

322781104

4A

RT

Las Vegas

NV

44,601.85

0.00

3.741%

N/A

7/1/29

N

13,846,153.86

13,846,153.86

6/1/21

 

 

 

 

1957687

5

IN

Various

Various

114,237.58

0.00

2.653%

N/A

11/7/29

N

50,000,000.00

50,000,000.00

6/7/21

 

 

 

 

301741472

6

MU

Boca Raton

FL

131,233.33

0.00

3.810%

N/A

11/6/29

N

40,000,000.00

40,000,000.00

6/6/21

 

 

 

 

301741473

6A

MU

Boca Raton

FL

32,808.33

0.00

3.810%

N/A

11/6/29

N

10,000,000.00

10,000,000.00

6/6/21

 

 

 

 

322781007

7

MF

Garland

TX

144,638.77

0.00

3.684%

N/A

11/6/29

N

45,600,000.00

45,600,000.00

6/6/21

 

 

 

 

695101199

8

OF

St Paul

MN

58,555.56

0.00

3.400%

N/A

11/6/29

N

20,000,000.00

20,000,000.00

6/6/21

 

 

 

 

695101200

8A

OF

St Paul

MN

58,555.56

0.00

3.400%

N/A

11/6/29

N

20,000,000.00

20,000,000.00

6/6/21

 

 

 

 

322781009

9

Various

Brooklyn

NY

63,894.44

0.00

3.710%

N/A

9/6/29

N

20,000,000.00

20,000,000.00

6/6/21

 

 

 

 

322781109

9A

Various

Brooklyn

NY

63,894.44

0.00

3.710%

N/A

9/6/29

N

20,000,000.00

20,000,000.00

6/6/21

 

 

 

 

322781010

10

LO

Carle Place

NY

102,709.03

0.00

3.670%

N/A

11/1/29

N

32,500,000.00

32,500,000.00

6/1/21

 

 

 

 

695101192

11

OF

Glendale

CA

91,208.89

0.00

3.310%

N/A

11/6/29

N

32,000,000.00

32,000,000.00

6/6/21

 

 

 

 

1959497

12

MF

Greenville

SC

98,647.81

0.00

3.825%

N/A

10/1/29

N

29,950,000.00

29,950,000.00

6/1/21

 

 

 

 

301741462

13

MF

Tustin

CA

84,147.78

0.00

3.490%

N/A

11/6/29

N

28,000,000.00

28,000,000.00

6/6/21

 

 

 

 

1958023

14

LO

Key West

FL

116,769.92

32,685.68

4.950%

N/A

11/1/29

N

27,394,703.06

27,362,017.38

6/1/21

 

 

 

10

322781015

15

OF

Blue Bell

PA

93,559.72

0.00

4.100%

N/A

11/6/29

N

26,500,000.00

26,500,000.00

6/6/21

 

 

 

 

322781016

16

MF

St Louis

MO

72,727.72

0.00

3.490%

N/A

11/1/29

N

24,200,000.00

24,200,000.00

6/1/21

 

 

 

 

322781017

17

RT

Modesto

CA

68,716.67

0.00

3.800%

N/A

11/6/29

N

21,000,000.00

21,000,000.00

6/6/21

 

 

 

 

322781018

18

MU

Cambridge

MA

65,392.78

0.00

3.797%

N/A

6/1/29

N

20,000,000.00

20,000,000.00

6/1/21

 

 

 

 

322781019

19

98

Hamilton

NJ

71,472.22

0.00

4.150%

N/A

10/6/29

N

20,000,000.00

20,000,000.00

6/6/21

 

 

 

 

695101196

20

RT

Oceanside

CA

64,349.25

0.00

3.848%

N/A

11/6/29

N

19,420,000.00

19,420,000.00

6/6/21

 

 

 

 

695101187

21

MF

Houston

TX

59,575.06

23,359.54

4.180%

N/A

10/6/29

N

16,551,182.61

16,527,823.07

5/6/21

 

 

 

 

322781022

22

MF

Gladstone

MO

39,525.00

0.00

3.400%

N/A

11/1/29

N

13,500,000.00

13,500,000.00

6/1/21

 

 

 

 

695101191

23

RT

Homewood

AL

44,833.75

18,133.96

3.900%

N/A

11/6/29

N

13,350,000.00

13,331,866.04

6/6/21

 

 

 

 

322781024

24

LO

Various

Various

43,952.63

15,431.94

4.300%

N/A

9/6/29

N

11,870,177.82

11,854,745.88

6/6/21

 

 

 

 

453012192

25

RT

Various

Various

37,923.33

0.00

3.670%

N/A

10/1/29

N

12,000,000.00

12,000,000.00

6/1/21

 

 

 

10

695101206

26

MF

Norristown

PA

38,620.83

0.00

3.900%

N/A

11/6/29

N

11,500,000.00

11,500,000.00

6/6/21

 

 

 

 

 

See footnotes on last page of this section.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

Page 10 of 26

 

 


 

                                   

 

 

 

 

 

 

 

Mortgage Loan Detail

 

 

 

 

 

 

 

 

Loan

 

Property

 

 

Interest

Principal

Gross

Anticipated

Maturity

Neg.

 Beginning

Ending

Paid

Appraisal

Appraisal

Res.

Mod.

Number

ODCR

Type (1)

City

State

Payment

Payment

Coupon

Repayment

Date

Amort

 Scheduled

Scheduled

Thru

Reduction

Reduction

Strat.

Code

 

 

 

 

 

 

 

 

Date

 

(Y/N)

 Balance

Balance

Date

Date

Amount

(2)

(3)

 

301741477

27

MF

Kentwood

MI

33,372.36

0.00

3.370%

N/A

11/6/29

N

11,500,000.00

11,500,000.00

6/6/21

 

 

 

 

695101184

28

LO

Stoughton

MA

40,070.99

14,707.81

4.330%

N/A

10/6/29

N

10,746,895.73

10,732,187.92

6/6/21

 

 

 

 

695101195

29

MF

Brooklyn

NY

36,045.59

0.00

3.949%

N/A

11/6/29

N

10,600,000.00

10,600,000.00

6/6/21

 

 

 

 

322781030

30

RT

Various

VA

32,041.46

15,991.79

3.650%

N/A

10/1/29

N

10,194,367.47

10,178,375.68

6/1/21

 

 

 

 

1958264

31

RT

Las Vegas

NV

34,197.48

0.00

4.040%

N/A

11/1/29

N

9,830,000.00

9,830,000.00

6/1/21

 

 

 

 

695101194

32

OF

Denver

CO

32,241.72

0.00

3.860%

N/A

11/6/24

N

9,700,000.00

9,700,000.00

6/6/21

 

 

 

 

695101190

33

OF

Las Vegas

NV

31,290.62

0.00

3.800%

N/A

10/6/29

N

9,562,500.00

9,562,500.00

6/6/21

 

 

 

 

301741459

34

RT

Elk Grove Village

IL

31,540.43

0.00

3.930%

N/A

11/6/29

N

9,320,000.00

9,320,000.00

6/6/21

 

 

 

 

322781035

35

MF

Brooklyn

NY

30,922.50

0.00

3.990%

N/A

11/6/29

N

9,000,000.00

9,000,000.00

6/6/21

 

 

 

 

301741452

36

MF

Clarkston

GA

27,301.53

0.00

3.730%

N/A

10/6/29

N

8,500,000.00

8,500,000.00

6/6/21

 

 

 

 

322781037

37

MU

Tacoma

WA

24,657.92

0.00

3.450%

N/A

11/1/29

N

8,300,000.00

8,300,000.00

6/1/21

 

 

 

 

322781038

38

IN

Rialto

CA

27,125.00

0.00

4.200%

N/A

11/1/29

N

7,500,000.00

7,500,000.00

6/1/21

 

 

 

 

1958779

39

RT

Pleasant Prairie

WI

22,910.55

0.00

3.790%

N/A

11/1/29

N

7,020,000.00

7,020,000.00

6/1/21

 

 

 

 

1958842

40

IN

Various

Various

22,265.23

0.00

3.715%

N/A

11/1/29

N

6,960,000.00

6,960,000.00

6/1/21

 

 

 

 

1958306

41

LO

Jacksonville

FL

24,864.58

0.00

4.200%

N/A

11/1/29

N

6,875,000.00

6,875,000.00

6/1/21

 

 

 

10

1958389

42

MF

Brownstown

MI

22,050.04

0.00

3.970%

N/A

11/1/29

N

6,450,000.00

6,450,000.00

6/1/21

 

 

 

 

1957729

43

OF

San Diego

CA

17,205.00

0.00

3.330%

N/A

10/1/29

N

6,000,000.00

6,000,000.00

6/1/21

 

 

 

 

322781044

44

IN

Louisville

KY

18,402.98

0.00

3.610%

N/A

11/1/29

N

5,920,000.00

5,920,000.00

6/1/21

 

 

 

 

301741446

45

IN

Fort Worth

TX

16,919.28

0.00

3.435%

N/A

10/6/29

N

5,720,000.00

5,720,000.00

6/6/21

 

 

 

 

1958469

46

MU

Vero Beach

FL

17,631.25

0.00

4.550%

N/A

11/1/29

N

4,500,000.00

4,500,000.00

6/1/21

 

 

 

 

695101159

47

SS

High Point

NC

13,401.99

0.00

3.796%

N/A

8/6/29

N

4,100,000.00

4,100,000.00

6/6/21

 

 

 

 

695101189

48

RT

Shelby Township

MI

13,676.63

5,231.51

4.236%

N/A

10/6/29

N

3,749,417.83

3,744,186.32

6/6/21

 

 

 

 

322781049

49

IN

St Louis

MO

11,991.49

0.00

4.120%

N/A

8/1/29

N

3,380,000.00

3,380,000.00

6/1/21

 

 

 

 

1959204

50

RT

Delafield

WI

8,939.04

0.00

4.095%

N/A

11/1/29

N

2,535,000.00

2,535,000.00

6/1/21

 

 

 

 

322781051

51

RT

Chesterfield

MI

5,993.75

0.00

4.080%

N/A

11/1/29

N

1,706,000.00

1,706,000.00

6/1/21

 

 

 

 

 

 

 

 

See footnotes on last page of this section.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

Page 11 of 26

 

 


 

                                                 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Loan Detail

 

 

 

 

 

 

 

 

 

 

Loan

     Property

 

 

 

 

  Interest

  Principal

 

Gross

Anticipated

Maturity     Neg.

Beginning

 

Ending

Paid

Appraisal

Appraisal

Res.

Mod.

Number       ODCR        Type (1)

 

 

City

State

  Payment

  Payment

 

Coupon

Repayment

Date

Amort

Scheduled

 

Scheduled

Thru

Reduction

Reduction

Strat.

Code

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

 

(Y/N)

Balance

 

Balance

Date

Date

 

Amount

(2)

(3)

 

 

 

 

Totals

 

 

 

 

 

3,231,303.95

125,542.23

 

 

 

 

 

1,019,351,398.38

  1,019,225,856.15

 

 

 

0.00

 

 

 

 

 

 

(1) Property Type Code

 

 

 

 

 

(2) Resolution Strategy Code

 

 

 

 

(3) Modification Code

 

 

 

MF

-

Multi-Family

SS

-

Self Storage

 

1

- Modification

7

- REO

 

11

-

Full Payoff

 

1 -

Maturity Date Extension

6

- Capitalization on Interest

RT

-

Retail

98

-

Other

 

2

- Foreclosure

8

- Resolved

12

-

Reps and Warranties

2 -

Amortization Change

7

- Capitalization on Taxes

HC

-

Health Care

SE

-

Securities

 

3

- Bankruptcy

9

- Pending Return

13

-

TBD

 

3 -

Principal Write-Off

8

- Other

 

 

IN

-

Industrial

CH

-

Cooperative Housing

4

- Extension

 

to Master Servicer

98

-

Other

 

4 -

Blank

 

9

- Combination

 

 

MH

-

Mobile Home Park

WH      -

Warehouse

 

5

- Note Sale

10  - Deed in Lieu Of

 

 

 

 

5 -   Temporary Rate Reduction

10

- Forbearance

 

 

OF

-

Office

ZZ

-

Missing Information

6

- DPO

 

 

Foreclosure

 

 

 

 

 

 

 

 

 

 

 

 

MU

-

Mixed Use

SF

-

Single Family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LO

-

Lodging

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 12 of 26

 

 


 

                     

 

 

 

 

NOI Detail

 

 

 

 

 

 

 

Loan

 

 

 

 

Ending

Most

   Most

Most Recent

Most Recent

 

Number

ODCR

Property

  City

State

Scheduled

Recent

   Recent

NOI Start

NOI End

 

 

 

Type

 

 

Balance

Fiscal NOI

   NOI

Date

Date

 

 

322781001

1

Various

Various

Various

50,000,000.00

20,206,198.84

0.00

 

 

 

322781101

1A

Various

Various

Various

10,000,000.00

0.00

0.00

 

 

 

322781111

1B

Various

Various

Various

10,000,000.00

0.00

0.00

 

 

 

322781002

2

Office

Rockville

MD

70,000,000.00

27,741,261.68

0.00

 

 

 

301741433

3

Various

New York

NY

25,500,000.00

3,698,778.00

0.00

 

 

 

301741435

3A

Various

New York

NY

20,000,000.00

0.00

0.00

 

 

 

301741436

3B

Various

New York

NY

15,000,000.00

0.00

0.00

 

 

 

322781004

4

Retail

Las Vegas

NV

40,000,000.00

52,113,244.00

0.00

 

 

 

322781104

4A

Retail

Las Vegas

NV

13,846,153.86

0.00

0.00

 

 

 

1957687

5

Industrial

Various

Various

50,000,000.00

31,730,719.00

8,224,637.70

1/1/21

3/31/21

 

301741472

6

Mixed Use

Boca Raton

FL

40,000,000.00

9,434,650.00

0.00

 

 

 

301741473

6A

Mixed Use

Boca Raton

FL

10,000,000.00

0.00

0.00

 

 

 

322781007

7

Multi-Family

Garland

TX

45,600,000.00

3,829,722.00

0.00

 

 

 

695101199

8

Office

St Paul

MN

20,000,000.00

7,647,067.00

1,796,604.26

1/1/21

3/31/21

 

695101200

8A

Office

St Paul

MN

20,000,000.00

0.00

0.00

 

 

 

322781009

9

Various

Brooklyn

NY

20,000,000.00

8,790,333.00

0.00

 

 

 

322781109

9A

Various

Brooklyn

NY

20,000,000.00

0.00

0.00

 

 

 

322781010

10

Lodging

Carle Place

NY

32,500,000.00

1,938,607.70

1,630,962.46

4/1/20

3/31/21

 

695101192

11

Office

Glendale

CA

32,000,000.00

2,824,669.00

690,413.46

1/1/21

3/31/21

 

1959497

12

Multi-Family

Greenville

SC

29,950,000.00

2,339,675.89

556,255.01

1/1/21

3/31/21

 

301741462

13

Multi-Family

Tustin

CA

28,000,000.00

1,916,281.76

467,581.50

1/1/21

3/31/21

 

1958023

14

Lodging

Key West

FL

27,362,017.38

2,022,648.43

0.00

 

 

 

322781015

15

Office

Blue Bell

PA

26,500,000.00

3,483,419.15

0.00

 

 

 

322781016

16

Multi-Family

St Louis

MO

24,200,000.00

1,709,204.00

0.00

 

 

 

322781017

17

Retail

Modesto

CA

21,000,000.00

2,814,214.96

740,016.25

1/1/21

3/31/21

 

322781018

18

Mixed Use

Cambridge

MA

20,000,000.00

48,787,553.85

0.00

 

 

 

322781019

19

Other

Hamilton

NJ

20,000,000.00

0.00

2,161,748.95

12/1/19

11/30/20

 

695101196

20

Retail

Oceanside

CA

19,420,000.00

1,497,281.28

518,797.64

1/1/21

3/31/21

 

695101187

21

Multi-Family

Houston

TX

16,527,823.07

1,777,013.00

0.00

 

 

 

322781022

22

Multi-Family

Gladstone

MO

13,500,000.00

1,478,195.00

0.00

 

 

 

695101191

23

Retail

Homewood

AL

13,331,866.04

1,439,549.00

0.00

 

 

 

322781024

24

Lodging

Various

Various

11,854,745.88

1,823,223.70

0.00

 

 

 

453012192

25

Retail

Various

Various

12,000,000.00

14,158,922.41

3,318,240.92

1/1/21

3/31/21

 

695101206

26

Multi-Family

Norristown

PA

11,500,000.00

1,293,551.00

278,450.25

1/1/21

3/31/21

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

Page 13 of 26

 


 

                     

 

 

 

 

NOI Detail

 

 

 

 

 

 

Loan

 

 

 

 

Ending

Most

Most

Most Recent

 Most Recent

 

Number

ODCR

Property

  City

State

Scheduled

Recent

Recent

NOI Start

NOI End

 

 

 

Type

 

 

Balance

Fiscal NOI

NOI

Date

Date

 

 

301741477

27

Multi-Family

Kentwood

MI

11,500,000.00

1,174,708.00

287,932.75

1/1/21

3/31/21

 

695101184

28

Lodging

Stoughton

MA

10,732,187.92

424,658.73

0.00

 

 

 

695101195

29

Multi-Family

Brooklyn

NY

10,600,000.00

612,499.78

0.00

 

 

 

322781030

30

Retail

Various

VA

10,178,375.68

1,237,035.35

0.00

 

 

 

1958264

31

Retail

Las Vegas

NV

9,830,000.00

1,098,086.78

271,011.59

1/1/21

3/31/21

 

695101194

32

Office

Denver

CO

9,700,000.00

1,388,682.00

312,401.30

1/1/21

3/31/21

 

695101190

33

Office

Las Vegas

NV

9,562,500.00

944,883.60

0.00

 

 

 

301741459

34

Retail

Elk Grove Village

IL

9,320,000.00

991,122.40

193,334.32

1/1/21

3/31/21

 

322781035

35

Multi-Family

Brooklyn

NY

9,000,000.00

424,378.90

108,988.65

1/1/21

3/31/21

 

301741452

36

Multi-Family

Clarkston

GA

8,500,000.00

773,012.41

169,683.13

1/1/21

3/31/21

 

322781037

37

Mixed Use

Tacoma

WA

8,300,000.00

0.00

228,636.33

1/1/21

3/31/21

 

322781038

38

Industrial

Rialto

CA

7,500,000.00

848,900.00

0.00

 

 

 

1958779

39

Retail

Pleasant Prairie

WI

7,020,000.00

872,435.70

0.00

 

 

 

1958842

40

Industrial

Various

Various

6,960,000.00

855,016.00

0.00

 

 

 

1958306

41

Lodging

Jacksonville

FL

6,875,000.00

512,346.60

468,729.09

4/1/20

3/31/21

 

1958389

42

Multi-Family

Brownstown

MI

6,450,000.00

538,165.00

148,128.36

1/1/21

3/31/21

 

1957729

43

Office

San Diego

CA

6,000,000.00

964,151.58

0.00

 

 

 

322781044

44

Industrial

Louisville

KY

5,920,000.00

718,400.72

0.00

 

 

 

301741446

45

Industrial

Fort Worth

TX

5,720,000.00

630,289.00

175,407.84

1/1/21

3/31/21

 

1958469

46

Mixed Use

Vero Beach

FL

4,500,000.00

313,337.00

78,549.50

1/1/21

3/31/21

 

695101159

47

Self Storage

High Point

NC

4,100,000.00

388,478.63

0.00

 

 

 

695101189

48

Retail

Shelby Township

MI

3,744,186.32

348,427.08

0.00

 

 

 

322781049

49

Industrial

St Louis

MO

3,380,000.00

336,251.10

0.00

 

 

 

1959204

50

Retail

Delafield

WI

2,535,000.00

373,955.60

2,054.25

1/1/21

3/31/21

 

322781051

51

Retail

Chesterfield

MI

1,706,000.00

180,934.50

0.00

 

 

 

 

 

 

 

Total

 

 

 

 

1,019,225,856.15

 

 

 

 

 

(1) The Most Recent Fiscal NOI and Most Recent NOI fields correspond to the financial data reported by the Master Servicer. An NOI of 0.00 means the Master Servicer did not report NOI figures

 

 

 

in their loan level reporting.

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

Page 14 of 26

 


 

               

 

 

Principal Prepayment Detail

 

 

 

 

 

Offering Document

         Principal Prepayment Amount

            Prepayment Penalties

 

Loan Number

Loan Group

Cross-Reference

 

 

Prepayment

Yield Maintenance

 

 

 

 

Payoff Amount

Curtailment Amount

Premium

Charge

 

 

 

No Principal Prepayments this Period

 

 

 

 

 

 

 

Totals

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

Page 15 of 26

 


 

                                       

 

 

 

 

 

 

 

 

Historical Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

Delinquencies

 

 

 

 

 

 

 

 

 

Prepayments

 

Rate and Maturities

Distribution

 

30-59 Days

 

60-89 Days

                90 Days or More

 

Foreclosure

 

REO

 

Modifications

 

Curtailments

 

Payoff

Next Weighted Avg.

WAM

Date

#

Balance

#

Balance

#

       Balance

#

Balance

#

Balance

#

Balance

#

Amount

#

Amount

Coupon

Remit

 

6/17/21

0

 

0

 

0

 

0

 

0

 

0

 

0

 

0

 

3.681168%

100

 

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

3.660249%

 

5/17/21

0

 

0

 

0

 

0

 

0

 

0

 

0

 

0

 

3.681245%

101

 

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

3.660324%

 

4/16/21

0

 

0

 

0

 

0

 

0

 

0

 

0

 

0

 

3.681325%

102

 

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

3.660403%

 

3/17/21

0

 

0

 

0

 

0

 

0

 

0

 

0

 

0

 

3.681398%

103

 

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

3.660475%

 

2/18/21

0

 

0

 

0

 

0

 

0

 

0

 

0

 

0

 

3.681493%

104

 

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

3.660568%

 

1/15/21

0

 

0

 

0

 

0

 

0

 

0

 

0

 

0

 

3.681564%

105

 

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

3.660639%

 

12/17/20

1

 

0

 

0

 

0

 

0

 

0

 

0

 

0

 

3.681636%

106

 

 

$11,952,106.45

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

3.660709%

 

11/18/20

1

 

0

 

0

 

0

 

0

 

1

 

0

 

0

 

3.681715%

107

 

 

$11,968,603.52

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$27,606,535.99

 

$0.00

 

$0.00

3.660787%

 

10/19/20

0

 

1

 

0

 

0

 

0

 

0

 

0

 

0

 

3.681786%

108

 

 

$0.00

 

$11,983,615.43

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

3.660857%

 

9/17/20

2

 

0

 

0

 

0

 

0

 

0

 

0

 

0

 

3.681864%

109

 

 

$39,673,486.30

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

3.660934%

 

8/17/20

2

 

0

 

0

 

0

 

0

 

2

 

0

 

0

 

3.681925%

110

 

 

$39,704,849.98

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$18,875,000.00

 

$0.00

 

$0.00

3.660994%

 

7/17/20

2

 

0

 

0

 

0

 

0

 

0

 

0

 

0

 

3.681986%

111

 

 

$39,736,080.54

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

3.661054%

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 16 of 26

 


 

                                       

 

 

 

 

 

 

Delinquency Loan Detail

 

 

 

 

 

 

 

 

 

 

 

Offering

# of

 

Current

Outstanding

Status of

Resolution

 

 

 

Actual

Outstanding

 

 

 

Loan Number

Document

Months

Paid Through

P & I

P & I

 

Mortgage

Strategy

Servicing

Foreclosure

Principal

Servicing

 

Bankruptcy

REO

 

 

Cross-Reference

Delinq.

Date

Advances

Advances **

Loan (1)

Code (2)

Transfer Date

 

Date

Balance

Advances

 

Date

Date

 

695101187

21

0

5/6/21

82,435.77

82,435.77

B

 

 

 

 

16,551,182.61                    0.00

 

 

 

 

 

 

 

 

Totals

1

 

 

82,435.77

82,435.77

 

 

 

 

 

16,551,182.61                    0.00

 

 

 

Totals By Delinquency Code:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total for Status Code = B (1 loan)

 

82,435.77

82,435.77

 

 

 

 

 

16,551,182.61                    0.00

 

 

 

 

 

 

 

 

 

 

 

(1) Status of Mortgage Loan

 

 

 

 

 

 

 

 

 

(2) Resolution Strategy Code

 

 

A

- Payment Not Received

0

- Current

 

4

-

Performing Matured Balloon

1 -

Modification

7

-

REO

11

- Full Payoff

 

 

But Still in Grace Period

1

- 30-59 Days Delinquent

5

-

Non Performing Matured Balloon

2 -

Foreclosure

8

-

Resolved

12

- Reps and Warranties

 

Or Not Yet Due

2

- 60-89 Days Delinquent

6

-

121+ Days Delinquent

 

3 -

Bankruptcy

9

-

Pending Return

13

- TBD

 

B

- Late Payment But Less

3

- 90-120 Days Delinquent

 

 

 

 

 

 

4 -

Extension

 

 

to Master Servicer

98

- Other

 

 

Than 30 Days Delinquent

 

 

 

 

 

 

 

 

 

5 -

Note Sale

10            -

Deed In Lieu Of

 

 

 

** Outstanding P & I Advances include the current period advance.

 

 

 

 

 

 

6 -

DPO

 

 

Foreclosure

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 17 of 26

 


 

                                   

 

 

 

 

 

 

 

Specially Serviced Loan Detail - Part 1

 

 

 

 

 

 

 

Offering

 

Servicing

Resolution

 

 

 

 

 

 

 

  Net

 

 

 

 

Remaining

Loan

 

 

 

 

 

Scheduled

Property

 

Interest

Actual

 

 

DSCR

 

 

Note

Maturity

Document

 

Transfer

Strategy

 

 

 

 

 

State

 

Operating

DSCR

 

 

Amortization

Number

 

 

 

 

 

Balance

Type (2)

 

Rate

Balance

 

 

Date

 

 

Date

Date

    Cross-Reference

 

Date

Code (1)

 

 

 

 

 

 

 

Income

 

 

 

Term

 

 

 

 

 

 

 

 

 

 

No Specially Serviced Loans this Period

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Resolution Strategy Code

 

 

 

 

 

(2) Property Type Code

 

 

 

1

-

Modification

7

-

REO

 

11

- Full Payoff

 

MF

-

Multi-Family

SS

-

Self Storage

 

2

-

Foreclosure

8

-

Resolved

12

- Reps and Warranties

 

RT

-

Retail

98

-

Other

 

3

-

Bankruptcy

9

-

Pending Return

13

- TBD

 

HC

-

Health Care

SE

-

Securities

 

4

-

Extension

 

 

 

to Master Servicer

98

- Other

 

IN

-

Industrial

CH             -

Cooperative Housing

5

-

Note Sale

 

10 -

Deed in Lieu Of

 

 

 

MH

-

Mobile Home Park

WH             -

Warehouse

 

6

-

DPO

 

 

 

Foreclosure

 

 

 

OF

-

Office

ZZ

-

Missing Information

 

 

 

 

 

 

 

 

 

 

 

MU

-

Mixed Use

SF

-

Single Family

 

 

 

 

 

 

 

 

 

 

 

LO

-

Lodging

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 18 of 26

 


 

                       

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

 

Offering

Resolution

Site

 

 

 

 

 

 

 

 

 

Loan

 

 

 

Appraisal

Appraisal

Other REO

 

 

 

 

Document

Strategy

Inspection

Phase 1 Date

 

 

 

 

 

Comment from Special Servicer

 

Number

 

 

 

Date

 

   Value

Property Revenue

 

 

 

Cross-Reference

Code (1)

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

No Specially Serviced Loans this Period

 

 

 

 

 

 

 

 

 

 

 

(1) Resolution Strategy Code

 

 

 

 

 

 

 

 

1

- Modification

7

- REO

 

11 -

Full Payoff

 

 

 

 

 

2

- Foreclosure

8

- Resolved

 

12 -

Reps and Warranties

 

 

 

 

 

3

- Bankruptcy

9

- Pending Return

13 -

TBD

 

 

 

 

 

4

- Extension

 

to Master Servicer

98 -

Other

 

 

 

 

 

5

- Note Sale

10

- Deed in Lieu Of

 

 

 

 

 

 

 

6

- DPO

 

Foreclosure

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

Page 19 of 26

 


 

             

 

 

 

Advance Summary

 

 

 

 

 

Current P&I

Outstanding P&I

Outstanding Servicing

Current Period Interest

 

 

 

 

 

 

on P&I and Servicing

 

 

 

Advances

Advances

Advances

Advances Paid

 

 

Totals

82,435.77

82,435.77

77,812.67

0.00

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

Page 20 of 26

 


 

                 

 

 

 

 

Modified Loan Detail

 

 

 

Offering

 

 

Pre-Modification

 Post-Modification

 

 

 

Loan

 

Pre-Modification

 Post-Modification

 

 

Modification

 

 

 

Document

 

 

Interest

Interest

 

Modification Description

 

Number

 

Balance

Balance

 

 

Date

 

 

 

Cross-Reference

 

 

Rate

Rate

 

 

 

1958023

14

27,638,183.83

27,638,183.83

4.9500%

4.9500%

7/1/20

Please refer to Servicer Reports for modification comments.

 

 

453012192

25

12,000,000.00

12,000,000.00

3.6700%

3.6700%

5/1/20

Please refer to Servicer Reports for modification comments.

 

 

1958306

41

6,875,000.00

6,875,000.00

4.2000%

4.2000%

6/1/20

Please refer to Servicer Reports for modification comments.

 

 

 

 

 

Totals

 

46,513,183.83

46,513,183.83

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

Page 21 of 26

 


 

                     

 

 

 

 

Historical Liquidated Loan Detail

 

 

 

 

 

Beginning

Fees,

Most Recent

Gross Sales

Net Proceeds

Net Proceeds

Date of Current

Current Period

Cumulative

Loss to Loan

Distribution

 

 

 

 

 

Realized

 

 

 

 

ODCR

Scheduled

Advances,

Appraised

Proceeds or

Received on

Available for

Period Adj.

Adjustment

Adjustment

with Cum

Date

 

 

 

 

 

Loss to Trust

 

 

 

 

 

Balance

and Expenses *

Value or BPO

Other Proceeds

Liquidation

Distribution

to Trust

to Trust

to Trust

Adj. to Trust

 

 

 

 

 

 

 

 

No Liquidated Loans this Period

 

 

 

 

 

 

 

 

Current Total

 

 

 

 

 

 

 

 

 

 

Cumulative Total

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

Page 22 of 26

 


 

                       

 

 

 

Historical Bond/Collateral Loss Reconciliation Detail

 

 

 

Distribution

Offering

Beginning

Aggregate

Prior Realized

Amts Covered by

Interest

Modification

Additional

Realized Loss

Recoveries of

(Recoveries)/

 

Document

Balance

Realized Loss

Loss Applied

Credit Support/

(Shortages)/

/Appraisal

(Recoveries)

Applied to

Realized Losses

Losses Applied to

Date

Cross-Reference

at Liquidation

on Loans

to Certificates

Deal Structure

Excesses

Reduction Adj.

/Expenses

Certificates to Date

Paid as Cash

Certificate Interest

 

 

 

 

 

 

No Realized Losses this Period

 

 

 

 

 

 

 

 

 

Totals

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

Page 23 of 26

 


 

                 

 

 

Interest Shortfall Reconciliation Detail - Part 1

 

 

 

 

Offering

Stated Principal

Current Ending

Special Servicing Fees

 

 

Non-Recoverable

 

Modified Interest

 

 

 

 

 

 

 

Interest on

 

Document

Balance at

Scheduled

 

ASER

(PPIS) Excess

(Scheduled

 

Rate (Reduction)

 

 

Monthly

Liquidation

Work Out

 

 

Advances

 

Cross-Reference

Contribution

Balance

 

 

 

Interest)

 

/Excess

 

 

 

 

 

 

There are no Interest Shortfalls for the above columns for this Period

 

 

 

 

 

 

Totals

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

Page 24 of 26

 


 

           

 

 

 

Interest Shortfall Reconciliation Detail - Part 2

 

 

Offering

Stated Principal

Current Ending

Reimb of Advances to the Servicer

       Other (Shortfalls)/Refunds

 

Document

Balance at

Scheduled

      Left to Reimburse

Comments

 

 

Contribution

Balance

Current Month

 

 

Cross-Reference

 

 

      Master Servicer

 

 

 

 

 

 

 

 

There are no Interest Shortfalls for the above columns for this Period

 

 

 

 

 

Totals

 

 

 

 

 

Interest Shortfall Reconciliation Detail Part 2 Total

0.00

 

 

Interest Shortfall Reconciliation Detail Part 1 Total

0.00

 

 

Total Interest Shortfall Allocated to Trust

0.00

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

Page 25 of 26

 


 

   

Supplemental Reporting

 

 

Risk Retention

 

Pursuant to the PSA and the Credit Risk Retention Agreement, the Certificate Administrator has made available on www.ctslink.com <http://www.ctslink.com>, specifically under the "Risk Retention Special Notices" tab for the MSC

2019-L3 transaction, certain information provided to the Certificate Administrator regarding the Retaining Sponsor's compliance with the Retention Covenant. Investors should refer to the Certificate Administrator's website for all such

information.

 

 

 

Disclosable Special Servicer Fees, Loan Event of Default, Servicer Termination Event or Special Servicer Termination Event information would be disclosed here.

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

Page 26 of 26