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Distribution Date: |
04/17/26 |
JPMBB Commercial Mortgage Securities Trust 2014-C24 |
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Determination Date: |
04/13/26 |
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Next Distribution Date: |
05/15/26 |
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Record Date: |
03/31/26 |
JPMBB Commercial Mortgage Securities Trust |
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Series 2014-C24 |
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Table of Contents |
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Contacts |
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Section |
Pages |
Role |
Party and Contact Information |
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Certificate Distribution Detail |
2-3 |
Depositor |
J.P. Morgan Chase Commercial Mortgage Securities Corp. |
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Certificate Factor Detail |
4 |
|
Brian Baker |
(212) 834-3813 |
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Certificate Interest Reconciliation Detail |
5 |
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383 Madison Avenue, 8th Floor | New York, NY 10179 | United States |
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Master Servicer |
Trimont LLC |
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Exchangeable Certificate Detail |
6 |
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Attention: CMBS Servicing |
|
commercial.servicing@trimont.com |
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Additional Information |
7 |
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One South, 101 South Tryon Street, Suite 1400 | Charlotte, NC 28280 | United States |
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Bond / Collateral Reconciliation - Cash Flows |
8 |
Special Servicer |
LNR Partners, LLC |
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Bond / Collateral Reconciliation - Balances |
9 |
|
Heather Bennett and Arne Shulkin |
|
hbennett@starwood.com; ashulkin@lnrpartners.com; |
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Current Mortgage Loan and Property Stratification |
10-14 |
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lnr.cmbs.notices@lnrproperty.com |
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2340 Collins Avenue, Suite 700 | Miami Beach, FL 33139 | United States |
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Mortgage Loan Detail (Part 1) |
15 |
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Senior Trust Advisor |
Pentalpha Surveillance LLC |
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Mortgage Loan Detail (Part 2) |
16 |
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Attention: JPMBB 2014-C24 Transaction Manager |
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notices@pentalphasurveillance.com |
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Principal Prepayment Detail |
17 |
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501 John James Audubon Parkway, Suite 401 | Amherst, NY 14228 | United States |
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Historical Detail |
18 |
Certificate Administrator |
Computershare Trust Company, N.A. as agent for Wells Fargo |
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Delinquency Loan Detail |
19 |
|
Bank, N.A. |
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Corporate Trust Services (CMBS) |
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cctcmbsbondadmin@computershare.com; |
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Collateral Stratification and Historical Detail |
20 |
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|
trustadministrationgroup@computershare.com |
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Specially Serviced Loan Detail - Part 1 |
21 |
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9062 Old Annapolis Road | Columbia, MD 21045 | United States |
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Specially Serviced Loan Detail - Part 2 |
22-23 |
Trustee |
Wilmington Trust, National Association |
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|
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Modified Loan Detail |
24 |
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Attention: CMBS Trustee |
(302) 636-4140 |
CMBSTrustee@wilmingtontrust.com |
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1100 North Market Street | Wilmington, DE 19890 | United States |
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Historical Liquidated Loan Detail |
25 |
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Historical Bond / Collateral Loss Reconciliation Detail |
26 |
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Interest Shortfall Detail - Collateral Level |
27 |
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Supplemental Notes |
28 |
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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. In addition, certificate holders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526.
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© 2021 Computershare. All rights reserved. Confidential. |
Page 1 of 28 |
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Certificate Distribution Detail |
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Current |
Original |
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Pass-Through |
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|
Principal |
Interest |
Prepayment |
|
|
|
Credit |
Credit |
|
Class |
CUSIP |
Rate (2) |
Original Balance Beginning Balance |
Distribution |
Distribution |
Penalties |
Realized Losses Total Distribution Ending Balance |
Support¹ Support¹ |
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|
A-1 |
46643GAA8 |
1.538600% |
35,864,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-2 |
46643GAB6 |
2.940300% |
184,014,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-3 |
46643GAC4 |
3.098300% |
41,040,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-4A1 |
46643GAD2 |
3.372600% |
190,000,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-4A2 |
46643GAQ3 |
3.372600% |
75,000,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-5 |
46643GAE0 |
3.638500% |
297,354,000.00 |
18,604,557.23 |
463,563.23 |
56,410.57 |
0.00 |
0.00 |
519,973.80 |
18,140,994.00 |
95.37% |
30.00% |
|
A-SB |
46643GAF7 |
3.367500% |
66,649,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
30.00% |
|
A-S |
46643GAJ9 |
3.914200% |
76,279,000.00 |
76,279,000.00 |
0.00 |
248,809.38 |
0.00 |
0.00 |
248,809.38 |
76,279,000.00 |
75.88% |
24.00% |
|
B |
46643GAK6 |
4.115700% |
76,278,000.00 |
76,278,000.00 |
0.00 |
261,614.47 |
0.00 |
0.00 |
261,614.47 |
76,278,000.00 |
56.40% |
18.00% |
|
C |
46643GAL4 |
4.709543% |
47,675,000.00 |
47,675,000.00 |
0.00 |
40,841.24 |
0.00 |
0.00 |
40,841.24 |
47,675,000.00 |
44.22% |
14.25% |
|
D |
46643GAY6 |
4.209543% |
81,046,000.00 |
81,046,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
81,046,000.00 |
23.52% |
7.88% |
|
E |
46643GBA7 |
4.000000% |
25,426,000.00 |
25,426,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
25,426,000.00 |
17.03% |
5.88% |
|
F |
46643GBC3 |
4.000000% |
14,303,000.00 |
14,303,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
14,303,000.00 |
13.37% |
4.75% |
|
NR |
46643GBE9 |
4.000000% |
60,387,147.00 |
52,350,863.80 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
52,350,863.80 |
0.00% |
0.00% |
|
ESK |
46643GAN0 |
9.989200% |
5,000,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
0.00% |
|
R |
46643GBG4 |
0.000000% |
1.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
0.00% |
|
Regular SubTotal |
|
|
1,276,315,148.00 |
391,962,421.03 |
463,563.23 |
607,675.66 |
0.00 |
0.00 |
1,071,238.89 |
391,498,857.80 |
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X-A |
46643GAG5 |
0.849402% |
966,200,000.00 |
94,883,557.23 |
0.00 |
67,161.87 |
0.00 |
0.00 |
67,161.87 |
94,419,994.00 |
|
|
|
X-B1 |
46643GBJ8 |
0.593843% |
76,278,000.00 |
76,278,000.00 |
0.00 |
37,747.63 |
0.00 |
0.00 |
37,747.63 |
76,278,000.00 |
|
|
|
X-B2 |
46643GAH3 |
0.500000% |
81,046,000.00 |
81,046,000.00 |
0.00 |
33,769.17 |
0.00 |
0.00 |
33,769.17 |
81,046,000.00 |
|
|
|
X-C |
46643GAS9 |
0.709543% |
25,426,000.00 |
25,426,000.00 |
0.00 |
15,034.03 |
0.00 |
0.00 |
15,034.03 |
25,426,000.00 |
|
|
|
X-D |
46643GAU4 |
0.709543% |
14,303,000.00 |
14,303,000.00 |
0.00 |
8,457.16 |
0.00 |
0.00 |
8,457.16 |
14,303,000.00 |
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Certificate Distribution Detail continued to next page |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 2 of 28 |
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Certificate Distribution Detail |
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Current |
Original |
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Pass-Through |
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|
Principal |
Interest |
Prepayment |
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|
Credit |
Credit |
|
Class |
CUSIP |
Rate (2) |
Original Balance |
Beginning Balance |
Distribution |
Distribution |
Penalties |
Realized Losses Total Distribution |
Ending Balance Support¹ |
Support¹ |
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X-E |
46643GAW0 |
0.709543% |
60,387,147.00 |
52,350,863.80 |
0.00 |
30,954.32 |
0.00 |
0.00 |
30,954.32 |
52,350,863.80 |
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Notional SubTotal |
|
1,223,640,147.00 |
344,287,421.03 |
0.00 |
193,124.18 |
0.00 |
0.00 |
193,124.18 |
343,823,857.80 |
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Deal Distribution Total |
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|
463,563.23 |
800,799.84 |
0.00 |
0.00 |
1,264,363.07 |
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* |
Denotes the Controlling Class (if required) |
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(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 |
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dividing the result by (A). |
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(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 |
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the underlying index (if and as applicable), and any other matters provided in the governing documents. |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 3 of 28 |
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Certificate Factor Detail |
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Cumulative |
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Interest Shortfalls |
Interest |
|
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|
Class |
CUSIP |
Beginning Balance |
Principal Distribution |
Interest Distribution |
/ (Paybacks) |
Shortfalls |
Prepayment Penalties |
Losses |
Total Distribution |
Ending Balance |
|
Regular Certificates |
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|
A-1 |
46643GAA8 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-2 |
46643GAB6 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
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A-3 |
46643GAC4 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-4A1 |
46643GAD2 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-4A2 |
46643GAQ3 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-5 |
46643GAE0 |
62.56703199 |
1.55896080 |
0.18970846 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
1.74866926 |
61.00807119 |
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A-SB |
46643GAF7 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
A-S |
46643GAJ9 |
1,000.00000000 |
0.00000000 |
3.26183327 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
3.26183327 |
1,000.00000000 |
|
B |
46643GAK6 |
1,000.00000000 |
0.00000000 |
3.42974999 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
3.42974999 |
1,000.00000000 |
|
C |
46643GAL4 |
1,000.00000000 |
0.00000000 |
0.85665947 |
3.06795973 |
11.70969061 |
0.00000000 |
0.00000000 |
0.85665947 |
1,000.00000000 |
|
D |
46643GAY6 |
1,000.00000000 |
0.00000000 |
0.00000000 |
3.50795240 |
65.21018866 |
0.00000000 |
0.00000000 |
0.00000000 |
1,000.00000000 |
|
E |
46643GBA7 |
1,000.00000000 |
0.00000000 |
0.00000000 |
3.33333320 |
69.99999725 |
0.00000000 |
0.00000000 |
0.00000000 |
1,000.00000000 |
|
F |
46643GBC3 |
1,000.00000000 |
0.00000000 |
0.00000000 |
3.33333357 |
70.00000489 |
0.00000000 |
0.00000000 |
0.00000000 |
1,000.00000000 |
|
NR |
46643GBE9 |
866.92063462 |
0.00000000 |
0.00000000 |
2.88973546 |
170.85566155 |
0.00000000 |
0.00000000 |
0.00000000 |
866.92063462 |
|
ESK |
46643GAN0 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
|
R |
46643GBG4 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
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Notional Certificates |
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X-A |
46643GAG5 |
98.20281229 |
0.00000000 |
0.06951135 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.06951135 |
97.72303250 |
|
X-B1 |
46643GBJ8 |
1,000.00000000 |
0.00000000 |
0.49486916 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.49486916 |
1,000.00000000 |
|
X-B2 |
46643GAH3 |
1,000.00000000 |
0.00000000 |
0.41666671 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.41666671 |
1,000.00000000 |
|
X-C |
46643GAS9 |
1,000.00000000 |
0.00000000 |
0.59128569 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.59128569 |
1,000.00000000 |
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X-D |
46643GAU4 |
1,000.00000000 |
0.00000000 |
0.59128574 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.59128574 |
1,000.00000000 |
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X-E |
46643GAW0 |
866.92063462 |
0.00000000 |
0.51259782 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.51259782 |
866.92063462 |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 4 of 28 |
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Certificate Interest Reconciliation Detail |
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Additional |
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Accrued |
Net Aggregate |
Distributable |
Interest |
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Interest |
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Accrual |
Prior Interest |
Certificate |
Prepayment |
Certificate |
Shortfalls / |
Payback of Prior |
Distribution |
Interest |
Cumulative |
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|
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 |
|
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A-2 |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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A-3 |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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A-4A1 |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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A-4A2 |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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A-5 |
03/01/26 - 03/30/26 |
30 |
0.00 |
56,410.57 |
0.00 |
56,410.57 |
0.00 |
0.00 |
0.00 |
56,410.57 |
0.00 |
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A-SB |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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X-A |
03/01/26 - 03/30/26 |
30 |
0.00 |
67,161.87 |
0.00 |
67,161.87 |
0.00 |
0.00 |
0.00 |
67,161.87 |
0.00 |
|
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X-B1 |
03/01/26 - 03/30/26 |
30 |
0.00 |
37,747.63 |
0.00 |
37,747.63 |
0.00 |
0.00 |
0.00 |
37,747.63 |
0.00 |
|
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X-B2 |
03/01/26 - 03/30/26 |
30 |
0.00 |
33,769.17 |
0.00 |
33,769.17 |
0.00 |
0.00 |
0.00 |
33,769.17 |
0.00 |
|
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A-S |
03/01/26 - 03/30/26 |
30 |
0.00 |
248,809.38 |
0.00 |
248,809.38 |
0.00 |
0.00 |
0.00 |
248,809.38 |
0.00 |
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B |
03/01/26 - 03/30/26 |
30 |
0.00 |
261,614.47 |
0.00 |
261,614.47 |
0.00 |
0.00 |
0.00 |
261,614.47 |
0.00 |
|
|
C |
03/01/26 - 03/30/26 |
30 |
411,994.52 |
187,106.22 |
0.00 |
187,106.22 |
146,264.98 |
0.00 |
0.00 |
40,841.24 |
558,259.50 |
|
|
X-C |
03/01/26 - 03/30/26 |
30 |
0.00 |
15,034.03 |
0.00 |
15,034.03 |
0.00 |
0.00 |
0.00 |
15,034.03 |
0.00 |
|
|
X-D |
03/01/26 - 03/30/26 |
30 |
0.00 |
8,457.16 |
0.00 |
8,457.16 |
0.00 |
0.00 |
0.00 |
8,457.16 |
0.00 |
|
|
X-E |
03/01/26 - 03/30/26 |
30 |
0.00 |
30,954.32 |
0.00 |
30,954.32 |
0.00 |
0.00 |
0.00 |
30,954.32 |
0.00 |
|
|
D |
03/01/26 - 03/30/26 |
30 |
5,000,719.44 |
284,305.51 |
0.00 |
284,305.51 |
284,305.51 |
0.00 |
0.00 |
0.00 |
5,285,024.95 |
|
|
E |
03/01/26 - 03/30/26 |
30 |
1,695,066.60 |
84,753.33 |
0.00 |
84,753.33 |
84,753.33 |
0.00 |
0.00 |
0.00 |
1,779,819.93 |
|
|
F |
03/01/26 - 03/30/26 |
30 |
953,533.40 |
47,676.67 |
0.00 |
47,676.67 |
47,676.67 |
0.00 |
0.00 |
0.00 |
1,001,210.07 |
|
|
NR |
03/01/26 - 03/30/26 |
30 |
10,142,983.07 |
174,502.88 |
0.00 |
174,502.88 |
174,502.88 |
0.00 |
0.00 |
0.00 |
10,317,485.95 |
|
|
ESK |
N/A |
N/A |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
Totals |
|
|
18,204,297.03 |
1,538,303.21 |
0.00 |
1,538,303.21 |
737,503.37 |
0.00 |
0.00 |
800,799.84 |
18,941,800.40 |
|
|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 5 of 28 |
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|
|
Exchangeable Certificate Detail |
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||
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|
|
Pass-Through |
|
|
|
|
Prepayment |
|
|
|
|
|
Class |
CUSIP |
Rate |
Original Balance |
Beginning Balance Principal Distribution Interest Distribution |
Penalties |
|
Realized Losses |
Total Distribution |
Ending Balance |
||
|
Regular Interest |
|
|
|
|
|
|
|
|
|
|
|
|
A-S (Cert) |
46643GAJ9 |
3.914200% |
76,279,000.00 |
76,279,000.00 |
0.00 |
248,809.38 |
0.00 |
|
0.00 |
248,809.38 |
76,279,000.00 |
|
A-S (EC) |
NA |
N/A |
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
B (Cert) |
46643GAK6 |
4.115700% |
76,278,000.00 |
76,278,000.00 |
0.00 |
261,614.47 |
0.00 |
|
0.00 |
261,614.47 |
76,278,000.00 |
|
B (EC) |
NA |
N/A |
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
C (Cert) |
46643GAL4 |
4.709543% |
47,675,000.00 |
47,675,000.00 |
0.00 |
40,841.24 |
0.00 |
|
0.00 |
40,841.24 |
47,675,000.00 |
|
C (EC) |
NA |
N/A |
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
Regular Interest Total |
|
|
200,232,000.03 |
200,232,000.00 |
0.00 |
551,265.09 |
0.00 |
|
0.00 |
551,265.09 |
200,232,000.00 |
|
|
|||||||||||
|
Exchangeable Certificate Details |
|
|
|
|
|
|
|
|
|
|
|
|
EC |
46643GAM2 |
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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© 2021 Computershare. All rights reserved. Confidential. |
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Page 6 of 28 |
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|
Additional Information |
|
|
Total Available Distribution Amount (1) |
1,264,363.07 |
|
|
(1) The Available Distribution Amount includes any Prepayment Premiums. |
|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 7 of 28 |
|
Bond / Collateral Reconciliation - Cash Flows |
|
||
|
|
|||
|
Total Funds Collected |
|
Total Funds Distributed |
|
|
Interest |
|
Fees |
|
|
Interest Paid or Advanced |
1,542,803.03 |
Master Servicing Fee |
1,694.54 |
|
Interest Reductions due to Nonrecoverability Determination |
(490,843.58) |
Certificate Administrator Fee |
1,005.08 |
|
Interest Adjustments |
(92,977.89) |
Trustee Fee |
210.00 |
|
Deferred Interest |
0.00 |
CREFC® Intellectual Property Royalty License Fee |
168.76 |
|
ARD Interest |
0.00 |
Senior Trust Advisor Fee |
573.79 |
|
Net Prepayment Interest Excess / (Shortfall) |
0.00 |
|
|
|
Extension Interest |
0.00 |
|
|
|
Interest Reserve Withdrawal |
0.00 |
Total Fees |
3,652.17 |
|
Total Interest Collected |
958,981.56 |
|
|
|
|
|||
|
Principal |
|
Expenses/Reimbursements |
|
|
Scheduled Principal |
244,284.91 |
Reimbursement for Interest on Advances |
0.00 |
|
Unscheduled Principal Collections |
|
ASER Amount |
97,798.42 |
|
Principal Prepayments |
0.00 |
Special Servicing Fees (Monthly) |
56,917.13 |
|
Collection of Principal after Maturity Date |
0.00 |
Special Servicing Fees (Liquidation) |
0.00 |
|
Recoveries From Liquidations and Insurance Proceeds |
0.00 |
Special Servicing Fees (Work Out) |
0.00 |
|
Excess of Prior Principal Amounts Paid |
0.00 |
Legal Fees |
0.00 |
|
Curtailments |
219,278.32 |
Rating Agency Expenses |
0.00 |
|
Negative Amortization |
0.00 |
Taxes Imposed on Trust Fund |
0.00 |
|
Principal Adjustments |
0.00 |
Non-Recoverable Advances |
0.00 |
|
|
|
Workout Delayed Reimbursement Amounts |
0.00 |
|
|
|
Other Expenses |
(186.00) |
|
Total Principal Collected |
463,563.23 |
Total Expenses/Reimbursements |
154,529.55 |
|
|
|||
|
|
|
Interest Reserve Deposit |
0.00 |
|
|
|||
|
Other |
|
Payments to Certificateholders and Others |
|
|
Prepayment Penalties / Yield Maintenance |
0.00 |
Interest Distribution |
800,799.84 |
|
Gain on Sale / Excess Liquidation Proceeds |
0.00 |
Principal Distribution |
463,563.23 |
|
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 |
1,264,363.07 |
|
Total Funds Collected |
1,422,544.79 |
Total Funds Distributed |
1,422,544.79 |
|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 8 of 28 |
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|
|
Bond / Collateral Reconciliation - Balances |
|
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|||||
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|
|
Collateral Reconciliation |
|
Certificate Reconciliation |
|
|
|
|
|
Total |
|
Total |
|
Beginning Scheduled Collateral Balance |
391,962,421.03 |
391,962,421.03 |
Beginning Certificate Balance |
391,962,421.03 |
|
|
(-) Scheduled Principal Collections |
244,284.91 |
244,284.91 |
(-) Principal Distributions |
463,563.23 |
|
|
(-) Unscheduled Principal Collections |
219,278.32 |
219,278.32 |
(-) Realized Losses |
0.00 |
|
|
(-) Principal Adjustments (Cash) |
0.00 |
0.00 |
Realized Loss and Realized Loss Adjustments on Collateral |
0.00 |
|
|
(-) Principal Adjustments (Non-Cash) |
0.00 |
0.00 |
Current Period NRA¹ |
0.00 |
|
|
(-) Realized Losses from Collateral |
0.00 |
0.00 |
Current Period WODRA¹ |
0.00 |
|
|
(-) Other Adjustments² |
0.00 |
0.00 |
Principal Used to Pay Interest |
0.00 |
|
|
|
|
|
|
Non-Cash Principal Adjustments |
0.00 |
|
Ending Scheduled Collateral Balance |
391,498,857.80 |
391,498,857.80 |
Certificate Other Adjustments** |
0.00 |
|
|
Beginning Actual Collateral Balance |
394,969,722.70 |
394,969,722.70 |
Ending Certificate Balance |
391,498,857.80 |
|
|
Ending Actual Collateral Balance |
394,676,413.48 |
394,676,413.48 |
|
|
|
|
|
|||||
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|
|||||
|
|
|||||
|
|
|
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 |
8,036,283.75 |
0.00 |
UC / (OC) Change |
0.00 |
|
|
Current Period Advances |
0.00 |
0.00 |
Ending UC / (OC) |
0.00 |
|
|
Ending Cumulative Advances |
8,036,283.75 |
0.00 |
Net WAC Rate |
4.71% |
|
|
|
|
|
|
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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|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 9 of 28 |
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|
|
Current Mortgage Loan and Property Stratification |
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||||||
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|
||||||||||||||
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|
||||||||||||||
|
|
||||||||||||||
|
|
|
|
Scheduled Balance |
|
|
|
|
|
Debt Service Coverage Ratio¹ |
|
|
|
||
|
|
Scheduled |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
Debt Service Coverage |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
|
|
|
|
|
|
WAM² |
WAC |
|
|
|
|
|
WAM² |
WAC |
|
|
|
Balance |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
Ratio |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
|
|
9,999,999 or less |
2 |
11,109,416.36 |
2.84% |
(19) |
4.5637 |
1.259764 |
1.35 or less |
7 |
308,110,526.41 |
78.70% |
(19) |
4.4945 |
0.993762 |
|
10,000,000 to 19,999,999 |
3 |
40,005,151.97 |
10.22% |
(19) |
4.4508 |
0.887484 |
1.36 to 1.45 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
20,000,000 to 24,999,999 |
1 |
21,901,486.64 |
5.59% |
(18) |
4.9350 |
1.470000 |
1.46 to 1.55 |
2 |
36,211,978.07 |
9.25% |
(18) |
4.7631 |
1.504263 |
|
|
25,000,000 to 49,999,999 |
2 |
74,937,827.06 |
19.14% |
(18) |
4.7511 |
1.550513 |
1.56 to 1.65 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
50,000,000 or greater |
3 |
243,544,975.77 |
62.21% |
(19) |
4.5029 |
1.000902 |
1.66 to 1.80 |
2 |
47,176,353.32 |
12.05% |
(18) |
4.9235 |
1.716755 |
|
|
Totals |
11 |
391,498,857.80 |
100.00% |
(19) |
4.5710 |
1.128103 |
1.81 to 2.00 |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
2.01 or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
Totals |
11 |
391,498,857.80 |
100.00% |
(19) |
4.5710 |
1.128103 |
|
(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 |
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|
|
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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© 2021 Computershare. All rights reserved. Confidential. |
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Page 10 of 28 |
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|
|
Current Mortgage Loan and Property Stratification |
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|
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|
|
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 |
|
|
|||||||||||||
|
Connecticut |
1 |
10,871,397.31 |
2.78% |
(19) |
4.3900 |
(0.509000) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial |
1 |
2,928,899.55 |
0.75% |
(20) |
4.7500 |
1.734200 |
|
Illinois |
1 |
44,247,453.77 |
11.30% |
(18) |
4.9350 |
1.715600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lodging |
2 |
45,000,864.72 |
11.49% |
(18) |
4.4905 |
1.390157 |
|
Indiana |
1 |
14,823,263.23 |
3.79% |
(19) |
4.4480 |
1.265600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mixed Use |
2 |
168,544,975.77 |
43.05% |
(19) |
4.5254 |
0.948795 |
|
Louisiana |
1 |
14,310,491.43 |
3.66% |
(18) |
4.5000 |
1.556700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Office |
3 |
94,051,914.12 |
24.02% |
(20) |
4.4491 |
0.927492 |
|
New York |
4 |
246,473,875.32 |
62.96% |
(19) |
4.5059 |
1.009616 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
2 |
59,070,717.00 |
15.09% |
(18) |
4.8128 |
1.602677 |
|
Pennsylvania |
1 |
8,180,516.81 |
2.09% |
(19) |
4.4970 |
1.089900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
10 |
391,498,857.80 |
100.00% |
(19) |
4.5710 |
1.128103 |
|
Texas |
1 |
30,690,373.29 |
7.84% |
(18) |
4.4860 |
1.312500 |
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Totals |
10 |
391,498,857.80 |
100.00% |
(19) |
4.5710 |
1.128103 |
|
|
|
|
|
|
|
|
|
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|
|
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|
Note: Please refer to footnotes on the next page of the report. |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 11 of 28 |
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|
Current Mortgage Loan and Property Stratification |
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||||||
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|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
|
|
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 |
|
|
4.40000% or less |
1 |
10,871,397.31 |
2.78% |
(19) |
4.3900 |
(0.509000) |
12 months or less |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
4.40001% to 4.60000% |
7 |
311,549,620.53 |
79.58% |
(19) |
4.4984 |
1.072058 |
13 to 24 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
4.60001% to 4.80000% |
1 |
2,928,899.55 |
0.75% |
(20) |
4.7500 |
1.734200 |
25 to 36 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
4.80001% to 5.00000% |
2 |
66,148,940.41 |
16.90% |
(18) |
4.9350 |
1.634283 |
37 to 48 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
5.00001% or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
49 months or greater |
11 |
391,498,857.80 |
100.00% |
(19) |
4.5710 |
1.128103 |
|
|
Totals |
11 |
391,498,857.80 |
100.00% |
(19) |
4.5710 |
1.128103 |
Totals |
11 |
391,498,857.80 |
100.00% |
(19) |
4.5710 |
1.128103 |
|
(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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|
© 2021 Computershare. All rights reserved. Confidential. |
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Page 12 of 28 |
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|
Current Mortgage Loan and Property Stratification |
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|
|
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|
|
||||||||||||||
|
|
||||||||||||||
|
|
|
Anticipated Remaining Term (ARD and Balloon Loans) |
|
|
|
Remaining Amortization Term (ARD and Balloon Loans) |
|
|
||||||
|
|
Anticipated |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
Remaining |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
|
|
|
|
|
|
WAM² |
WAC |
|
|
|
|
|
WAM² |
WAC |
|
|
|
Remaining Term |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
Amortization Term |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
|
|
60 months or less |
11 |
391,498,857.80 |
100.00% |
(19) |
4.5710 |
1.128103 |
Interest Only |
1 |
75,000,000.00 |
19.16% |
(20) |
4.4525 |
1.118000 |
|
61 months to 120 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
299 months or less |
10 |
316,498,857.80 |
80.84% |
(19) |
4.5991 |
1.130497 |
|
|
|
121 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
300 to 359 months |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
Totals |
11 |
391,498,857.80 |
100.00% |
(19) |
4.5710 |
1.128103 |
360 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
|
|
|
|
|
|
Totals |
11 |
391,498,857.80 |
100.00% |
(19) |
4.5710 |
1.128103 |
|
(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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|
© 2021 Computershare. All rights reserved. Confidential. |
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|
Page 13 of 28 |
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|
Current Mortgage Loan and Property Stratification |
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|
||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
||||||||||||||
|
|
|
|
Age of Most Recent NOI |
|
|
|
|
Remaining Stated Term (Fully Amortizing Loans) |
|
|
||||
|
|
Age of Most |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
Age of Most |
# Of |
Scheduled |
% Of |
|
|
Weighted Avg |
|
|
|
|
|
|
WAM² |
WAC |
|
|
|
|
|
WAM² |
WAC |
|
|
|
Recent NOI |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
Recent NOI |
Loans |
Balance |
Agg. Bal. |
|
|
DSCR¹ |
|
Underwriter's Information |
1 |
21,901,486.64 |
5.59% |
(18) |
4.9350 |
1.470000 |
120 months or less |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
|
12 months or less |
7 |
272,703,273.20 |
69.66% |
(19) |
4.5424 |
1.086348 |
121 months or greater |
0 |
0.00 |
0.00% |
0 |
0.0000 |
0.000000 |
|
|
13 to 24 months |
3 |
96,894,097.96 |
24.75% |
(20) |
4.5693 |
1.168340 |
Totals |
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 |
11 |
391,498,857.80 |
100.00% |
(19) |
4.5710 |
1.128103 |
|
|
|
|
|
|
|
|
(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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|
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|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
|
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|
|
|
Page 14 of 28 |
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|
|
|
Mortgage Loan Detail (Part 1) |
|
|
|
|
|
||||
|
|
|||||||||||||||
|
|
|
|
|
|
Interest |
|
|
|
|
|
Original |
Adjusted |
Beginning |
Ending |
Paid |
|
|
|
Prop |
|
|
Accrual |
Gross |
Scheduled |
Scheduled |
Principal Anticipated Maturity |
Maturity |
Scheduled |
Scheduled |
Through |
||
|
Pros ID |
Loan ID |
Type |
City |
State |
Type |
Rate |
Interest |
Principal |
Adjustments Repay Date |
Date |
Date |
Balance |
Balance |
Date |
|
|
3 |
883100293 |
MU |
New York |
NY |
Actual/360 |
4.570% |
338,065.18 |
121,625.87 |
0.00 |
N/A |
08/11/24 |
08/11/27 |
85,906,307.47 |
85,784,681.60 |
08/11/25 |
|
4 |
302660004 |
MU |
New York |
NY |
Actual/360 |
4.479% |
0.00 |
0.00 |
0.00 |
N/A |
10/01/24 |
-- |
82,760,294.17 |
82,760,294.17 |
08/01/23 |
|
6 |
302591001 |
OF |
New York |
NY |
Actual/360 |
4.452% |
287,557.29 |
0.00 |
0.00 |
N/A |
08/01/24 |
-- |
75,000,000.00 |
75,000,000.00 |
04/01/26 |
|
7 |
883100301 |
RT |
North Riverside |
IL |
Actual/360 |
4.935% |
188,033.24 |
0.00 |
0.00 |
N/A |
10/06/24 |
-- |
44,247,453.77 |
44,247,453.77 |
04/06/26 |
|
7A |
302660055 |
|
|
|
Actual/360 |
4.935% |
94.30 |
0.00 |
0.00 |
N/A |
10/06/24 |
-- |
21,901,486.64 |
21,901,486.64 |
09/06/24 |
|
10 |
302660010 |
LO |
Houston |
TX |
Actual/360 |
4.486% |
0.00 |
0.00 |
0.00 |
N/A |
10/01/24 |
-- |
30,690,373.29 |
30,690,373.29 |
11/01/24 |
|
17 |
302660017 |
LO |
New Orleans |
LA |
Actual/360 |
4.500% |
56,589.73 |
293,309.22 |
0.00 |
10/01/24 |
11/01/44 |
-- |
14,603,800.65 |
14,310,491.43 |
04/01/26 |
|
22 |
883100307 |
RT |
Fort Wayne |
IN |
Actual/360 |
4.448% |
56,890.26 |
29,728.99 |
0.00 |
N/A |
09/06/24 |
-- |
14,852,992.22 |
14,823,263.23 |
07/06/25 |
|
26 |
883100289 |
OF |
Meriden |
CT |
Actual/360 |
4.390% |
0.00 |
0.00 |
0.00 |
N/A |
09/06/24 |
-- |
10,871,397.31 |
10,871,397.31 |
02/06/24 |
|
27 |
883100300 |
OF |
Philadelphia |
PA |
Actual/360 |
4.497% |
31,751.56 |
18,899.15 |
0.00 |
N/A |
09/06/24 |
-- |
8,199,415.96 |
8,180,516.81 |
01/06/25 |
|
48 |
302660048 |
IN |
Cheektowaga |
NY |
Actual/360 |
4.750% |
0.00 |
0.00 |
0.00 |
N/A |
08/01/24 |
-- |
2,928,899.55 |
2,928,899.55 |
10/01/23 |
|
Totals |
|
|
|
|
|
|
958,981.56 |
463,563.23 |
0.00 |
|
|
|
391,962,421.03 |
391,498,857.80 |
|
|
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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|
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|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
|
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|
|
Page 15 of 28 |
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|
|
|
|
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 |
|
|
3 |
27,593,331.00 |
6,753,042.64 |
01/01/25 |
03/31/25 |
04/13/26 |
12,000,816.00 |
329,776.30 |
374,052.19 |
3,433,157.42 |
0.00 |
0.00 |
|
|
|
4 |
4,406,727.00 |
0.00 |
-- |
-- |
10/14/25 |
25,687,811.28 |
197,902.22 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
6 |
0.00 |
7,309,723.00 |
01/01/25 |
09/30/25 |
09/11/25 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
7 |
0.00 |
5,540,813.00 |
10/01/24 |
09/30/25 |
03/11/26 |
14,651,816.04 |
26,630.89 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
7A |
0.00 |
0.00 |
-- |
-- |
03/11/25 |
21,901,486.64 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
10 |
7,141,419.78 |
3,187,093.77 |
01/01/25 |
06/30/25 |
07/11/25 |
0.00 |
1,707,470.38 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
17 |
2,737,127.44 |
0.00 |
-- |
-- |
-- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
22 |
1,425,179.00 |
1,315,557.00 |
07/01/24 |
06/30/25 |
04/11/25 |
1,775,419.88 |
86,770.10 |
79,688.51 |
718,965.37 |
0.00 |
0.00 |
|
|
|
26 |
(200,948.00) |
0.00 |
-- |
-- |
05/12/25 |
7,978,195.73 |
27,409.10 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
27 |
662,468.00 |
0.00 |
-- |
-- |
10/14/25 |
1,737,459.71 |
68,022.51 |
43,853.77 |
697,932.16 |
191,629.81 |
0.00 |
|
|
|
48 |
390,816.00 |
0.00 |
-- |
-- |
10/14/25 |
0.00 |
19,193.48 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
Totals |
44,156,120.22 |
24,106,229.41 |
|
|
|
85,733,005.28 |
2,463,174.98 |
497,594.46 |
4,850,054.95 |
191,629.81 |
0.00 |
|
|
|
|
|||||||||||||
|
|
|||||||||||||
|
|
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|
|
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|
© 2021 Computershare. All rights reserved. Confidential. |
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|
Page 16 of 28 |
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|
|
|
Principal Prepayment Detail |
|
|
|
|
|
|
|
Unscheduled Principal |
Prepayment Penalties |
|
|
Pros ID |
Loan Number |
Amount |
Prepayment / Liquidation Code |
Prepayment Premium Amount |
Yield Maintenance Amount |
|
17 |
302660017 |
219,278.32 |
Partial Liquidation (Curtailment) |
0.00 |
0.00 |
|
Totals |
|
219,278.32 |
|
0.00 |
0.00 |
|
Note: Principal Prepayment Amount listed here may include Principal Adjustment Amounts on the loan in addition to the Unscheduled Principal Amount. |
|
|
|||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
© 2021 Computershare. All rights reserved. Confidential. |
|
|
|
Page 17 of 28 |
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|
|
|
|
|
|
|
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. |
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|
Distribution |
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|
|
|
|
# |
Balance |
# |
Balance |
# |
Balance |
# |
Balance |
|
# |
Balance |
# |
Balance |
# |
Amount |
# |
Amount |
|
Coupon |
Remit |
WAM¹ |
|
Date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
04/17/26 |
0 |
0.00 |
0 |
0.00 |
1 |
85,784,681.60 |
0 |
0.00 |
|
3 |
124,322,064.77 |
0 |
0.00 |
1 |
219,278.32 |
0 |
0.00 |
|
4.571020% |
4.316826% |
(19) |
|
03/17/26 |
0 |
0.00 |
0 |
0.00 |
1 |
85,906,307.47 |
0 |
0.00 |
|
3 |
124,322,064.77 |
0 |
0.00 |
2 |
786,394.28 |
0 |
0.00 |
|
4.570954% |
4.316937% |
(18) |
|
02/18/26 |
0 |
0.00 |
0 |
0.00 |
1 |
86,060,102.67 |
0 |
0.00 |
|
3 |
124,322,064.77 |
0 |
0.00 |
2 |
154,691.10 |
0 |
0.00 |
|
4.571521% |
4.317608% |
(17) |
|
01/16/26 |
0 |
0.00 |
0 |
0.00 |
1 |
86,180,648.93 |
0 |
0.00 |
|
3 |
124,322,064.77 |
0 |
0.00 |
1 |
69,292.87 |
0 |
0.00 |
|
4.571561% |
4.317729% |
(16) |
|
12/17/25 |
0 |
0.00 |
0 |
0.00 |
1 |
86,300,722.66 |
0 |
0.00 |
|
3 |
124,322,064.77 |
0 |
0.00 |
1 |
219,252.65 |
0 |
0.00 |
|
4.571522% |
4.317772% |
(15) |
|
11/18/25 |
0 |
0.00 |
0 |
0.00 |
1 |
86,431,254.68 |
0 |
0.00 |
|
3 |
124,322,064.77 |
0 |
0.00 |
1 |
169,297.54 |
0 |
0.00 |
|
4.571455% |
4.317879% |
(14) |
|
10/20/25 |
0 |
0.00 |
1 |
86,550,346.08 |
0 |
0.00 |
0 |
0.00 |
|
3 |
124,322,064.77 |
1 |
86,550,346.08 |
1 |
69,261.37 |
0 |
0.00 |
|
4.571398% |
4.317965% |
(13) |
|
09/17/25 |
1 |
86,679,931.06 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
3 |
124,322,064.77 |
0 |
0.00 |
1 |
89,241.46 |
0 |
0.00 |
|
4.571359% |
4.372875% |
(12) |
|
08/15/25 |
1 |
86,798,047.68 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
3 |
124,322,064.77 |
0 |
0.00 |
1 |
119,299.24 |
0 |
0.00 |
|
4.571318% |
4.372955% |
(11) |
|
07/17/25 |
1 |
86,915,701.30 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
3 |
124,322,064.77 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
4.571271% |
4.373043% |
(10) |
|
06/17/25 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
0 |
0.00 |
|
3 |
124,322,064.77 |
0 |
0.00 |
1 |
119,281.26 |
0 |
0.00 |
|
4.571245% |
4.373101% |
(9) |
|
05/16/25 |
0 |
0.00 |
1 |
16,361,643.16 |
0 |
0.00 |
0 |
0.00 |
|
3 |
124,322,064.77 |
0 |
0.00 |
1 |
424,528.41 |
0 |
0.00 |
|
4.571198% |
4.373189% |
(8) |
|
Note: Foreclosure and REO Totals are included in the delinquencies aging categories. |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 18 of 28 |
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Delinquency Loan Detail |
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|
|
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 |
|
|
3 |
883100293 |
08/11/25 |
7 |
6 |
|
374,052.19 |
3,433,157.42 |
0.00 |
86,798,047.68 |
09/25/25 |
13 |
|
|
|
|
|
4 |
302660004 |
08/01/23 |
31 |
5 |
|
0.00 |
0.00 |
26,694.02 |
84,279,703.19 |
08/12/20 |
7 |
|
|
|
06/13/24 |
|
10 |
302660010 |
11/01/24 |
16 |
5 |
|
0.00 |
0.00 |
0.00 |
30,569,320.96 |
05/18/20 |
7 |
08/31/21 |
|
09/14/22 |
|
|
22 |
883100307 |
07/06/25 |
8 |
5 |
|
79,688.51 |
718,965.37 |
0.00 |
15,095,781.40 |
11/20/24 |
1 |
|
|
|
|
|
26 |
883100289 |
02/06/24 |
25 |
5 |
|
0.00 |
0.00 |
594,249.50 |
11,003,736.12 |
03/22/24 |
7 |
|
|
|
04/15/25 |
|
27 |
883100300 |
01/06/25 |
14 |
5 |
|
43,853.77 |
697,932.16 |
1,124,558.06 |
8,466,586.87 |
09/16/24 |
2 |
|
|
|
|
|
48 |
302660048 |
10/01/23 |
29 |
5 |
|
0.00 |
0.00 |
290,282.57 |
3,003,805.42 |
11/27/20 |
2 |
|
|
|
|
|
7A |
302660055 |
09/06/24 |
18 |
5 |
|
0.00 |
0.00 |
0.00 |
21,901,486.64 |
10/17/24 |
1 |
|
|
|
|
|
Totals |
|
|
|
|
|
497,594.46 |
4,850,054.95 |
2,035,784.15 |
261,118,468.28 |
|
|
|
|
|
|
|
1 Mortgage Loan Status |
|
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|
|
|
2 Resolution Strategy Code |
|
|
|
|
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|
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|
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 |
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|
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 |
|
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|
Delinquent |
|
|
|
|
|
|
|
3 - Bankruptcy |
8 - Resolved |
|
|
12 - Reps and Warranties |
|||
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|
|
|
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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© 2021 Computershare. All rights reserved. Confidential. |
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Page 19 of 28 |
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Collateral Stratification and Historical Detail |
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Maturity Dates and Loan Status¹ |
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|
|
Total |
Performing |
Non-Performing |
REO/Foreclosure |
|
||
|
|
||||||||
|
Past Maturity |
|
291,403,685 |
119,247,454 |
47,834,166 |
124,322,065 |
|
||
|
0 - 6 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
7 - 12 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
13 - 24 Months |
|
85,784,682 |
0 |
85,784,682 |
0 |
|
||
|
25 - 36 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
37 - 48 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
49 - 60 Months |
|
0 |
0 |
0 |
|
|
0 |
|
|
> 60 Months |
|
14,310,491 |
14,310,491 |
0 |
|
|
0 |
|
|
|
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Historical Delinquency Information |
|
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|
||
|
|
||||||||
|
|
Total |
Current |
30-59 Days |
60-89 Days |
90+ Days |
REO/Foreclosure |
|
|
|
|
||||||||
|
Apr-26 |
391,498,858 |
133,557,945 |
0 |
0 |
133,618,848 |
124,322,065 |
|
|
|
Mar-26 |
391,962,421 |
133,851,254 |
0 |
0 |
133,789,102 |
124,322,065 |
|
|
|
Feb-26 |
393,038,433 |
134,716,463 |
0 |
0 |
133,999,905 |
124,322,065 |
|
|
|
Jan-26 |
393,434,607 |
134,943,867 |
0 |
0 |
134,168,675 |
124,322,065 |
|
|
|
Dec-25 |
393,744,177 |
135,085,325 |
0 |
0 |
134,336,787 |
124,322,065 |
|
|
|
Nov-25 |
394,217,645 |
90,377,532 |
0 |
0 |
179,518,048 |
124,322,065 |
|
|
|
Oct-25 |
394,623,799 |
90,616,935 |
0 |
86,550,346 |
93,134,453 |
124,322,065 |
|
|
|
Sep-25 |
394,944,538 |
90,757,725 |
86,679,931 |
0 |
93,184,816 |
124,322,065 |
|
|
|
Aug-25 |
395,268,127 |
90,915,913 |
86,798,048 |
0 |
93,232,101 |
124,322,065 |
|
|
|
Jul-25 |
395,620,403 |
91,103,432 |
86,915,701 |
0 |
93,279,204 |
124,322,065 |
|
|
|
Jun-25 |
395,868,398 |
178,217,303 |
0 |
0 |
93,329,031 |
124,322,065 |
|
|
|
May-25 |
396,220,060 |
162,160,590 |
0 |
16,361,643 |
93,375,762 |
124,322,065 |
|
|
|
(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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© 2021 Computershare. All rights reserved. Confidential. |
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Page 20 of 28 |
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Specially Serviced Loan Detail - Part 1 |
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|||
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|
|
Ending Scheduled |
|
|
|
Net Operating |
|
|
|
Remaining |
|
Pros ID |
Loan ID |
Balance |
Actual Balance |
Appraisal Value |
Appraisal Date |
Income |
DSCR |
DSCR Date |
Maturity Date |
Amort Term |
|
3 |
883100293 |
85,784,681.60 |
86,798,047.68 |
346,700,000.00 |
01/23/26 |
6,628,187.14 |
1.15650 |
03/31/25 |
08/11/24 |
281 |
|
4 |
302660004 |
82,760,294.17 |
84,279,703.19 |
75,100,000.00 |
05/08/25 |
4,004,537.00 |
0.73350 |
12/31/25 |
10/01/24 |
221 |
|
6 |
302591001 |
75,000,000.00 |
75,000,000.00 |
205,000,000.00 |
08/01/25 |
6,813,937.00 |
1.11800 |
09/30/25 |
08/01/24 |
I/O |
|
7 |
883100301 |
44,247,453.77 |
44,247,453.77 |
33,500,000.00 |
11/28/25 |
5,540,813.00 |
1.71560 |
09/30/25 |
10/06/24 |
221 |
|
7A |
302660055 |
21,901,486.64 |
21,901,486.64 |
33,500,000.00 |
11/28/25 |
|
1.47000 |
-- |
10/06/24 |
221 |
|
10 |
302660010 |
30,690,373.29 |
30,569,320.96 |
65,400,000.00 |
05/05/25 |
3,187,093.77 |
1.31250 |
06/30/25 |
10/01/24 |
221 |
|
22 |
883100307 |
14,823,263.23 |
15,095,781.40 |
15,500,000.00 |
01/21/25 |
1,315,557.00 |
1.26560 |
06/30/25 |
09/06/24 |
221 |
|
26 |
883100289 |
10,871,397.31 |
11,003,736.12 |
4,100,000.00 |
03/18/25 |
(363,619.00) |
(0.50900) |
12/31/25 |
09/06/24 |
221 |
|
27 |
883100300 |
8,180,516.81 |
8,466,586.87 |
8,000,000.00 |
08/21/25 |
662,468.00 |
1.08990 |
12/31/24 |
09/06/24 |
221 |
|
48 |
302660048 |
2,928,899.55 |
3,003,805.42 |
8,100,000.00 |
07/10/24 |
390,816.00 |
1.73420 |
12/31/24 |
08/01/24 |
219 |
|
Totals |
|
377,188,366.37 |
380,365,922.05 |
794,900,000.00 |
|
28,179,789.91 |
|
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 21 of 28 |
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Specially Serviced Loan Detail - Part 2 |
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|
|
|
|
Servicing |
|
|
|
|
|
Property |
|
Transfer |
Resolution |
|
|
|
Pros ID |
Loan ID |
|
Type¹ |
State |
Date |
Strategy Code² |
Special Servicing Comments |
|
3 |
883100293 |
|
MU |
NY |
09/25/25 |
13 |
|
|
|
04.01.2026 - The Loan was transferred to Special Servicing on 9/26/2025 due to various defaults relating to the lockbox and loan payments, which stem from liens asserted by the condominium association that controls the development |
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|
|
surrounding the collateral. Additional defaults exist relating to the failure to replace a guarantor. Collateral securing the loan is a multi-building mixed use portfolio located in New York, NY that totals 494k square feet. The properties were 91% |
||||||
|
|
occupied as of 3Q 2025. Borrower has executed a pre-negotiation agreement. Special Servicer is dual tracking discussion with the borrower and foreclosure and receivership filings; foreclosure complaint was filed 1/9/2026, and receivership |
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|
|
motion was filed on 1/27/2026 with the motion being granted on 2/19/2026. Receiver is in the process of re-directing rents back to the property. |
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|
|
|||||||
|
4 |
302660004 |
|
MU |
NY |
08/12/20 |
7 |
|
|
|
REO Title Date: June 13, 2024. Description of Collateral: The subject property consists of a 19-story plus cellar, Class 'B', multi-tenanted mixed-use office building with a multi-floor retail component that was constructed in 1958 and renovated in 1 |
||||||
|
|
984 located on Madison Ave in New York NY. The subject property contains a total rentable area of 173,170 square feet, of which 26,908 square feet is retail space and 146,262 square feet is office space. The site area is 0.21 acres or 9,087 |
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|
|
square fe et. The collateral for the loan included the leasehold interest, the ground lease is structured on an absolute net basis, wherein the lessee is directly responsible for all expenses associated with the property. The current base rent of |
||||||
|
|
$3,677,574 isflat through March 31, 2030, at which point the ground lessee can exercise its final available renewal option which will re-set the base rent and extend the term by 21 years through 3/31/2051. Deferred Maintenance/Repair |
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|
|
Issues: Overall asset is in good condition. Leasing Summary: Currently marketing vacant office spaces, evaluating several prospects. Marketing Summary: Asset is currently listed for sale with Newmark. JLL has been appointed as |
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|
|
PM/leasing agent. |
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|
|
|
|
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|
6 |
302591001 |
|
OF |
NY |
08/06/24 |
4 |
|
|
|
Loan continues to perform under terms of Forbearance Agreement and payments are current through April. Per Borrower, recent leasing includes The Cochran Firm, PC (13,757 SF; 8/1/26 commencement; 4/30/37 expiration), BFC Partners |
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|
|
Development LLC (13,758 SF ; 9/1/26 commencement; 8/31/36 expiration), and StoneTurn Group LLP (7,846 SF; 3/1/26 commencement; 8/31/36 expiration). Borrower reported 74% occupancy, as of 12/31/25. |
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|
|
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|
|
|||||||
|
7 |
883100301 |
|
RT |
IL |
10/17/24 |
1 |
|
|
|
Loan was transferred to the Special Servicer on 10/23/2024 after Borrower was unable to pay the Loan off at the Maturity of 10/6/2024. The property is known as North Riverside Park Mall. which was constructed in 1974, renovated in 2003, and |
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|
|
is a 1.06 MM SF, two-level, regional mall located in North Riverside, IL. Collateral only comprises 447K SF, as 646K SF is attributed to three shadow anchors. The property is 86% occupied per the 7/1/2025 rent roll and reported YE2024 |
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|
|
NOI/DSCR of $4.4MM/1.38x.Loan was previously modified in May 2021 to bifurcate the original $75MM note into the current A ($45MM)/B ($21.9MM) pari-passu notes structure. Lender conditionally approved a Forbearance, and the |
||||||
|
|
transaction closed in October 2025. The Loan is per forming under the signed FBA. |
|
|||||
|
|
|||||||
|
7A |
302660055 |
|
Various |
Various |
10/17/24 |
1 |
|
|
|
Loan was transferred to the Special Servicer on 10/23/2024 after Borrower was unable to pay the Loan off at the Maturity of 10/6/2024. The property is known as North Riverside Park Mall. which was constructed in 1974, renovated in 2003, and |
||||||
|
|
is a 1.06 MM SF, two-level, regional mall located in North Riverside, IL. Collateral only comprises 447K SF, as 646K SF is attributed to three shadow anchors. The property is 86% occupied per the 7/1/2025 rent roll and reported YE2024 |
||||||
|
|
NOI/DSCR of $4.4MM/1.38x.Loan was previously modified in May 2021 to bifurcate the original $75MM note into the current A ($45MM)/B ($21.9MM) pari-passu notes structure. Lender conditionally approved a Forbearance, and the |
||||||
|
|
transaction closed in October 2025. The Loan is per forming under the signed FBA. |
|
|||||
|
|
|||||||
|
10 |
302660010 |
|
LO |
TX |
05/18/20 |
7 |
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Special Servicing of this REO property was transferred to ASC on December 23, 2025 from Rialto.Title transition was completed in September 2022. The AM visited the property in January 2026. While the asset is well maintained, it needs to |
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undergo acomprehensive PIP to remain competitive with the surrounding hotels. SS has ordered or instructed counsel to order third-party reports (BOVs, PIP scope, appraisal). SS is currently working with the management team to |
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maximize revenue opportunities wh ile optimizing operational efficiencies. SS is also interviewing several vendors to put together a detailed budget for the PIP. |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 22 of 28 |
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Specially Serviced Loan Detail - Part 2 |
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Servicing |
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Property |
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Transfer |
Resolution |
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Pros ID |
Loan ID |
Type¹ |
State |
Date |
Strategy Code² |
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Special Servicing Comments |
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22 |
883100307 |
RT |
IN |
11/20/24 |
1 |
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The loan matured on 9/6/2024 and was not paid off upon maturity. The loan is secured by a 254k SF regional shopping center, located in Fort Wayne, Indiana. The property consists of two, single-story buildings, situated on a 24.21 acre site with |
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1,426 parking spaces. The property was built in 1987 and renovated in 2006. As of 4Q25, the property was 100% occupied. The property sits directly adjacent to Glenbrook Square Mall. Lender counsel has commenced the foreclosure |
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process while workout negotiations are in process with Borrower. Draft legal documents have been sent to Borrower providing for an extension of the Loan. Lender shall continue to dual track the workout strategy and foreclosure. |
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26 |
883100289 |
OF |
CT |
03/22/24 |
7 |
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REO Title Date: 4/15/2025. Description of Collateral: The collateral consists of two, three-story suburban office buildings, totaling 152,807 SF, located at 530 & 538 Preston Ave in Meriden, CT. 530 Preston was built in 1986/renovated in 2008 and |
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538 Preston was built in 1989/renovated in 2008. Deferred Maintenance/Repair Issues: Addressing immediate DM items / life safety items at the Property. There are two elevators out. Evaluating cost to repair. Leasing Summary: Vacant |
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spaces are on the market for lease, Colliers has been engaged as Leasing Agent. Renewal completed with Osaic. Marketing Summary: The asset did not trade in the October auction event. The Property is not currently listed for sale. |
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27 |
883100300 |
OF |
PA |
09/16/24 |
2 |
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Loan transferred to the Special Servicer on 9/16/2024 due to the Borrower's inability to pay the loan off at the maturity date (9/6/2024). Special Servicer will commence discussions with the Borrower on potential workout solutions, while dual |
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trackin g legal remedies. Collateral consists of two office buildings containing a total of 86,639 SF located in Philadelphia, Pennsylvania. Total portfolio occupancy is 67% as of 1/31/2026. Receiver has been implemented and is in control of |
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the properties and is addressing leasing and repair needs of the properties. Lender was the highest bidder at the foreclosure sale in January 2026 and is waiting for the sheriff to issue the deed. |
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48 |
302660048 |
IN |
NY |
11/27/20 |
2 |
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The Loan was transferred for Special Servicing on 11/30/20 as the Loan was 60 days delinquent. Property is a 118K SF warehouse industrial center in Cheektowaga, NY. NOD was sent on 12/2/20. Legal counsel was retained to file for |
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foreclosure and receivership. On 11/22/21 a foreclosure/receivership complaint was filed. On 1/11/22, the motion for the appointment of a receiver was granted. In response, Borrower filed for BK on 1/29/22 which was dismissed on 3/2022. |
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The MSJ was entered on 3/30/23. Le nder was ordered to submit a settlement offer to the Borrower which was subsequently rejected. Borrower also requested additional discovery items which were subsequently provided. Lender was |
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deposed and attended a hearing to testify to the validity o f the fees of the Debt. The final judgment was entered and Lender has filed an appeal. Borrower must respond by 5/4/26. |
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1 Property Type Codes |
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2 Resolution Strategy Code |
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HC - Health Care |
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MU - Mixed Use |
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WH - Warehouse |
1 - Modification |
6 - DPO |
10 - Deed in Lieu of Foreclosures |
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MF - Multi-Family |
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SS - Self Storage |
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LO - Lodging |
2 - Foreclosure |
7 - REO |
11- Full Payoff |
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RT - Retail |
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SF - Single Family Rental |
98 - Other |
3 - Bankruptcy |
8 - Resolved |
12 - Reps and Warranties |
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IN - Industrial |
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OF - Office |
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MH - Mobile Home Park |
4 - Extension |
9 - Pending Return to Master Servicer |
13 - TBD |
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SE - Securities |
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CH - Cooperative Housing |
ZZ - Missing Information/Undefined |
5 - Note Sale |
98 - Other |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 23 of 28 |
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Modified Loan Detail |
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Pre-Modification |
Post-Modification |
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Modification |
Modification |
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Modification |
Modification Booking |
Closing |
Effective |
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Balance |
Rate |
Balance |
Rate |
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Pros ID |
Loan Number |
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Code¹ |
Date |
Date |
Date |
|
3 |
883100293 |
0.00 |
4.57000% |
0.00 |
4.57000% |
1 |
03/19/24 |
03/19/24 |
-- |
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6 |
302591001 |
0.00 |
4.45250% |
0.00 |
4.45250% |
10 |
01/10/25 |
01/10/25 |
01/13/25 |
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7 |
883100301 |
0.00 |
4.93500% |
0.00 |
4.93500% |
9 |
05/19/21 |
05/06/21 |
06/11/21 |
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7A |
302660055 |
0.00 |
4.93500% |
0.00 |
4.93500% |
9 |
05/19/21 |
05/06/21 |
07/16/21 |
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11 |
883100309 |
0.00 |
4.97000% |
0.00 |
4.97000% |
10 |
08/14/20 |
07/01/20 |
11/12/20 |
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11A |
883100310 |
0.00 |
4.97000% |
0.00 |
4.97000% |
10 |
08/14/20 |
07/01/20 |
11/12/20 |
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13 |
302511112 |
29,584,989.95 |
4.13000% |
29,584,989.95 |
4.13000% |
10 |
06/11/20 |
05/01/20 |
08/11/20 |
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Totals |
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29,584,989.95 |
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29,584,989.95 |
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1 Modification Codes |
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1 - Maturity Date Extension |
5 - Temporary Rate Reduction |
8 - Other |
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2 - Amortization Change |
6 - Capitalization on Interest |
9 - Combination |
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3 - Principal Write-Off |
7 - Capitalization on Taxes |
10 - Forbearance |
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Note: Please refer to Servicer Reports for modification comments. |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 24 of 28 |
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Historical Liquidated Loan Detail |
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Loan |
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Gross Sales |
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Current |
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Loss to Loan |
Percent of |
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Beginning |
Most Recent |
Proceeds or |
Fees, |
Net Proceeds |
Net Proceeds |
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Period |
Cumulative |
with |
Original |
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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 |
|
39 |
302660039 12/17/24 |
4,873,650.49 |
12,900,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
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Current Period Totals |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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Cumulative Totals |
4,873,650.49 |
12,900,000.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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Note: Fees, Advances and Expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.). |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 25 of 28 |
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Historical Bond / Collateral Loss Reconciliation Detail |
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Certificate |
Reimb of Prior |
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Interest Paid |
Realized Losses |
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Loss Covered by |
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Total Loss |
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from Collateral |
from Collateral |
Aggregate |
Credit |
Loss Applied to |
Loss Applied to |
Non-Cash |
Realized Losses |
Applied to |
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Loan |
Distribution |
Principal |
Interest |
Realized Loss to |
Support/Deal |
Certificate |
Certificate |
Principal |
from |
Certificate |
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Pros ID |
Number |
Date |
Collections |
Collections |
Loan |
Structure |
Interest Payment |
Balance |
Adjustment |
NRA/WODRA |
Balance |
|
Deal |
Deal |
07/17/25 |
0.00 |
0.02 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
39 |
302660039 |
12/26/24 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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Current Period Totals |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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Cumulative Totals |
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0.00 |
0.02 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 26 of 28 |
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Interest Shortfall Detail - Collateral Level |
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Special Servicing Fees |
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Modified |
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Deferred |
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Non- |
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Reimbursement of |
Other |
Interest |
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Interest |
Interest |
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Recoverable |
Interest on |
Advances from |
Shortfalls / |
Reduction / |
|
Pros ID |
Adjustments |
Collected |
Monthly |
Liquidation |
Work Out |
ASER |
PPIS / (PPIE) |
Interest |
Advances |
Interest |
(Refunds) |
(Excess) |
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3 |
0.00 |
0.00 |
18,493.72 |
0.00 |
0.00 |
84,285.12 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
4 |
0.00 |
0.00 |
17,816.45 |
0.00 |
0.00 |
0.00 |
0.00 |
319,211.46 |
0.00 |
0.00 |
0.00 |
0.00 |
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7 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
(186.00) |
0.00 |
|
7A |
92,977.89 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
10 |
0.00 |
0.00 |
6,606.96 |
0.00 |
0.00 |
0.00 |
0.00 |
118,555.21 |
0.00 |
0.00 |
0.00 |
0.00 |
|
22 |
0.00 |
0.00 |
3,500.00 |
0.00 |
0.00 |
6,792.61 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
26 |
0.00 |
0.00 |
3,500.00 |
0.00 |
0.00 |
0.00 |
0.00 |
41,096.90 |
0.00 |
0.00 |
0.00 |
0.00 |
|
27 |
0.00 |
0.00 |
3,500.00 |
0.00 |
0.00 |
6,720.69 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
48 |
0.00 |
0.00 |
3,500.00 |
0.00 |
0.00 |
0.00 |
0.00 |
11,980.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total |
92,977.89 |
0.00 |
56,917.13 |
0.00 |
0.00 |
97,798.42 |
0.00 |
490,843.58 |
0.00 |
0.00 |
(186.00) |
0.00 |
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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. |
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Collateral Shortfall Total |
738,351.02 |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 27 of 28 |
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Supplemental Notes |
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None |
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© 2021 Computershare. All rights reserved. Confidential. |
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Page 28 of 28 |