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Form 10-D Citigroup Commercial For: Sep 12

September 27, 2016 1:25 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER DISTRIBUTION REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from:

August 13, 2016 to September 12, 2016

Commission File Number of issuing entity: 333-189017-05

Central Index Key Number of issuing entity: 0001612518

Citigroup Commercial Mortgage Trust 2014-GC23

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-189017

Central Index Key Number of depositor: 0001258361

Citigroup Commercial Mortgage Securities Inc.

(Exact name of depositor as specified in its charter)

Goldman Sachs Mortgage Company

(Central Index Key Number: 0001541502)

Citigroup Global Markets Realty Corp.

(Central Index Key Number: 0001541001)

Rialto Mortgage Finance, LLC

(Central Index Key Number: 0001592182)

MC-Five Mile Commercial Mortgage Finance LLC

(Central Index Key Number: 0001576832)

Redwood Commercial Mortgage Corporation

(Central Index Key Number: 0001567746)

(Exact names of sponsors as specified in their respective charters)

Richard Simpson (212) 816-5343

(Name and telephone number, including area code, of the person to contact in connection with this filing)

New York

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

47-6428584

47-1552346

47-1561881

(I.R.S. Employer Identification No.)

 

c/o Citibank, N.A.  
388 Greenwich Street, 14th Floor  
New York, New York   10013
(Address of principal executive offices of the issuing entity)   (Zip Code)

(212) 816-5693

(Telephone number, including area code)

 

     Registered/reporting pursuant to
(check one)
   Name of
exchange
(If Section 12(b))
 

Title of class

   Section 12(b)    Section 12(g)    Section 15(d)   

A-1

   ¨    ¨    x      Not Applicable   

A-2

   ¨    ¨    x      Not Applicable   

A-3

   ¨    ¨    x      Not Applicable   

A-4

   ¨    ¨    x      Not Applicable   

A-AB

   ¨    ¨    x      Not Applicable   

X-A

   ¨    ¨    x      Not Applicable   

X-B

   ¨    ¨    x      Not Applicable   

A-S

   ¨    ¨    x      Not Applicable   

B

   ¨    ¨    x      Not Applicable   

PEZ

   ¨    ¨    x      Not Applicable   

C

   ¨    ¨    x      Not Applicable   

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


PART I – DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

On September 12, 2016, a distribution was made to holders of the certificates issued by Citigroup Commercial Mortgage Trust 2014-GC23.

The distribution report is attached as Exhibit 99.1 to this Form 10-D.

No assets securitized by Citigroup Commercial Mortgage Securities Inc. (the “Depositor”) and held by Citigroup Commercial Mortgage Trust 2014-GC23 were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period covered by this distribution report on Form 10-D.

The Depositor most recently filed a Form ABS-15G under Rule 15Ga-1 under the Securities Exchange Act of 1934 (“Rule 15Ga-1”) on February 16, 2016. The CIK number of the Depositor is 0001258361.

Goldman Sachs Mortgage Company (“GSMC”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on August 12, 2016. The CIK number of GSMC is 0001541502.

Citigroup Global Markets Realty Corp. (“CGMRC”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on February 16, 2016. The CIK number of CGMRC is 0001541001.

Rialto Mortgage Finance, LLC (“Rialto”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on February 3, 2016. The CIK number of Rialto is 0001592182.

MC-Five Mile Commercial Mortgage Finance LLC (“MC-Five Mile”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on May 9, 2016. The CIK number of MC-Five Mile is 0001576832.

Redwood Commercial Mortgage Corporation (“Redwood”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on February 9, 2016. The CIK number of Redwood is 0001567746.


Item 1A. Asset-Level Information.

Not applicable

Item 1B. Asset Representations Reviewer and Investor Communication.

Not applicable

PART II – OTHER INFORMATION

Item 2. Legal Proceedings.

Disclosure from Citibank, N.A., as Certificate Administrator:

Citibank, N.A. (“Citibank”) is acting as the Certificate Administrator of this commercial mortgage-backed securities (“CMBS”) transaction. In the ordinary course of business, Citibank is involved in a number of legal proceedings, including in connection with its role as trustee of certain residential mortgage-backed securities (“RMBS”) transactions. Certain of these Citibank as trustee-related matters are disclosed herein.

On June 18, 2014, a civil action was filed against Citibank in the Supreme Court of the State of New York by a group of investors in 48 private-label RMBS trusts for which Citibank allegedly serves or did serve as trustee, asserting claims for purported violations of the Trust Indenture Act of 1939 (the “Trust Indenture Act”), breach of contract, breach of fiduciary duty and negligence based on Citibank’s alleged failure to perform its duties as trustee for the 48 RMBS trusts. On November 24, 2014, plaintiffs sought leave to withdraw this action. On the same day, a smaller subset of similar plaintiff investors in 27 private-label RMBS trusts for which Citibank allegedly serves or did serve as trustee, filed a new civil action against Citibank in the United States District Court for the Southern District of New York asserting similar claims as the prior action filed in state court. In January 2015, the court closed plaintiffs’ original state court action. Citibank’s motion to dismiss the federal complaint was fully briefed as of May 13, 2015. On September 8, 2015, the federal court dismissed all claims as to 24 of the 27 trusts and allowed certain of the claims to proceed as to the other three trusts. That case, involving the three remaining trusts, is pending.

On November 24, 2015, the same investors that brought the federal case brought a new civil action in the Supreme Court of the State of New York related to 25 private-label RMBS trusts for which Citibank allegedly serves or did serve as trustee. This case includes the 24 trusts previously dismissed in the federal action, and one additional trust. The investors assert claims for breach of contract, breach of fiduciary duty, breach of duty to avoid conflicts of interest, and violation of New York’s Streit Act (the “Streit Act”). Citibank’s motion to dismiss was fully briefed as of April 15, 2016. Following argument on Citibank’s motion to dismiss, plaintiffs filed an amended complaint on August 5, 2016.

On August 19, 2015, the Federal Deposit Insurance Corporation (FDIC) as Receiver for a financial institution filed a civil action against Citibank in the Southern District of New York. This action relates to one private-label RMBS trust for which Citibank formerly served as trustee. FDIC asserts claims for breach of contract, violation of the Streit Act, and violation of the Trust Indenture Act. Citibank jointly briefed a motion to dismiss with The Bank of New York Mellon and U.S. Bank, entities that have also been sued by FDIC in their capacity as trustee, and whose cases are also in front of Judge Carter. Defendants’ joint motion to dismiss was fully briefed as of March 22, 2016.

There can be no assurances as to the outcome of litigation or the possible impact of litigation on the trustee or the RMBS trusts. However, Citibank denies liability and continues to vigorously defend against these litigations. Furthermore, neither the above-disclosed litigations nor any other pending legal proceeding involving Citibank will materially affect Citibank’s ability to perform its duties as Certificate Administrator under the Pooling and Servicing Agreement for this CMBS transaction.

Disclosure from Deutsche Bank Trust Company Americas, as Trustee:

Deutsche Bank Trust Company Americas (“DBTCA”) and Deutsche Bank National Trust Company (“DBNTC”) and have been sued by investors in civil litigation concerning their role as trustees of certain residential mortgage-backed securities (“RMBS”) trusts.


On June 18, 2014, a group of investors, including funds managed by Blackrock Advisors, LLC, PIMCO-Advisors, L.P., and others, filed a derivative action against DBNTC and DBTCA in New York State Supreme Court purportedly on behalf of and for the benefit of 544 private-label RMBS trusts asserting claims for alleged violations of the U.S. Trust Indenture Act of 1939 (the “Trust Indenture Act”), breach of contract, breach of fiduciary duty and negligence based on DBNTC and DBTCA’s alleged failure to perform their duties as trustees for the trusts. Plaintiffs subsequently dismissed their state court complaint and filed a derivative and class action complaint in the U.S. District Court for the Southern District of New York on behalf of and for the benefit of 564 private-label RMBS trusts, which substantially overlapped with the trusts at issue in the state court action. The complaint alleges that the trusts at issue have suffered total realized collateral losses of U.S. $89.4 billion, but the complaint does not include a demand for money damages in a sum certain. DBNTC and DBTCA filed a motion to dismiss, and on January 19, 2016, the court partially granted the motion on procedural grounds: as to the 500 trusts that are governed by pooling and servicing agreements, the court declined to exercise jurisdiction. The court did not rule on substantive defenses asserted in the motion to dismiss. On March 22, 2016, plaintiffs filed an amended complaint in federal court. In the amended complaint, plaintiffs assert claims in connection with 62 trusts governed by indenture agreements. The amended complaint alleges that the trusts at issue have suffered total realized collateral losses of U.S. $9.8 billion, but the complaint does not include a demand for money damages in a sum certain. DBNTC and DBTCA filed a motion to dismiss the amended complaint on July 15, 2016. On August 15, 2016, plaintiffs filed their opposition to the motion to dismiss. On September 2, 2016, DBNTC and DBTCA filed a reply in support of their motion to dismiss. Discovery is ongoing.

On March 25, 2016, the BlackRock plaintiffs filed a state court action against DBTCA in the Superior Court of California, Orange County with respect to 513 trusts. On May 18, 2016, plaintiffs filed an amended complaint with respect to 465 trusts, and included DBNTC as an additional defendant. The amended complaint asserts three causes of action: breach of contract; breach of fiduciary duty; and breach of the duty to avoid conflicts of interest. Plaintiffs purport to bring the action on behalf of themselves and all other current owners of certificates in the 465 trusts. The amended complaint alleges that the trusts at issue have suffered total realized collateral losses of U.S. $75.7 billion, but does not include a demand for money damages in a sum certain. On August 22, 2016, DBNTC and DBTCA filed a demurrer and motion to strike. On September 12, 2016, plaintiffs filed an opposition to the demurrer and motion to strike of DBNTC and DBTCA.

On December 30, 2015, IKB International, S.A. in Liquidation and IKB Deutsche Industriebank A.G. (collectively, “IKB”), as an investor in 37 RMBS trusts, filed a summons with notice in the Supreme Court of the State of New York, New York County, against DBNTC and DBTCA as trustees of the trusts. On May 27, 2016, IKB served its complaint asserting claims for breach of contract, breach of fiduciary duty, breach of duty to avoid conflicts of interest, violation of New York’s Streit Act, violation of the Trust Indenture Act, violation of Regulation AB, and violation of Section 9 of the Uniform Commercial Code. IKB alleges that DBNTC and DBTCA are liable for over U.S. $268 million in damages.

It is DBTCA’s belief that it has no pending legal proceedings (including, based on DBTCA’s present evaluation, the litigation disclosed in the foregoing paragraphs) that would materially affect its ability to perform its duties as Trustee under the Pooling and Servicing Agreement for this transaction.

Item 3. Sales of Securities and Use of Proceeds.

None

Item 4. Defaults Upon Senior Securities.

None

Item 5. Submission of Matters to a Vote of Security Holders.

None

Item 6. Significant Obligors of Pool Assets.

The property securing the 28-40 West 23rd Street mortgage loan constitutes a significant obligor within the meaning of Item 1101(k)(2) of Regulation AB and as disclosed in the Prospectus Supplement for Citigroup Commercial Mortgage Trust 2014-GC23 filed on August 7, 2014. With respect to the property securing the 28-40 West 23rd Street mortgage loan, the most recent unaudited net operating income was $11,816,247 for the period from January 1, 2016 through June 30, 2016. There is no material update at this time.

Item 7. Change in Sponsor Interest in Securities.

None


Item 8. Significant Enhancement Provider Information.

None

Item 9. Other Information.

None

Item 10. Exhibits.

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

(99.1): Monthly report distributed to holders of the certificates issued by Citigroup Commercial Mortgage Trust 2014-GC23, relating to the September 12, 2016 distribution.

(b) The exhibits required to be filed by the Registrant pursuant to this Form 10-D are listed above and in the Exhibit Index that immediately follows the signature page hereof.

SIGNATURES

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

 

Citigroup Commercial Mortgage Securities Inc.
(Depositor)

/s/ Paul Vanderslice

Paul Vanderslice, President

Date: September 27, 2016

EXHIBIT INDEX

 

Exhibit
Number
   Description
Exhibit 99.1    Monthly report distributed to holders of the certificates issued by Citigroup Commercial Mortgage Trust 2014-GC23, relating to the September 12, 2016 distribution.

Exhibit 99.1

 

Distribution Date: Determination Date:   09/12/2016 09/06/2016   

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

CONTACT INFORMATION

 

Depositor    Citigroup Commercial Mortgage Securities Inc.
Master Servicer    Midland Loan Services
Operating Advisor    TriMont Real Estate Advisors, Inc.
Trustee    Deutsche Bank Trust Company Americas
Certificate Administrator    Citibank, N.A.
Special Servicer    Rialto Capital Advisors, LLC

CONTENTS

 

Distribution Summary

     2   

Distribution Summary (Factors)

     3   

Interest Distribution Detail

     4   

Principal Distribution Detail

     5   

Reconciliation Detail

     6   

Other Information

     7   

Stratification Detail

     8   

Mortgage Loan Detail

     11   

Delinquency Loan Detail

     15   

Appraisal Reduction Detail

     17   

Loan Modification Detail

     19   

Specially Serviced Loan Detail

     21   

Unscheduled Principal Detail

     23   

Liquidated Loan Detail

     25   

CREFC Legends

     27   
 

 

Deal Contact:    John Hannon      Citibank, N.A.  
   [email protected]      Agency and Trust  
   Tel: (212) 816-5693      388 Greenwich Street, 14th Floor
   Fax: (212) 816-5527      New York, NY 10013  

 

Reports Available at sf.citidirect.com   Page 1 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Distribution Summary

DISTRIBUTION IN DOLLARS

 

Class (1)

   Original
Balance
(2)
     Prior
Principal
Balance
(3)
     Pass-
Through
Rate
(4)
    Accrual
Day Count
Fraction
(5)
     Accrual
Dates
(6)
   Interest
Distributed
(7)
     Principal
Distributed
(8)
     PPP and YM
Distributed
(9)
     Total
Distributed
(10)=(7+8+9)
     Deferred
Interest
(11)
     Realized
Loss
(12)
     Current
Principal
Balance
(13)=(3-8+11-12)
 

A-1

     49,642,000.00         33,783,681.19         1.392000     30/360       08/01 - 08/31      39,189.07         765,076.10         0.00         804,265.17         0.00         0.00         33,018,605.09   

A-2

     85,798,000.00         85,798,000.00         2.851000     30/360       08/01 - 08/31      203,841.75         0.00         0.00         203,841.75         0.00         0.00         85,798,000.00   

A-3

     300,000,000.00         300,000,000.00         3.356000     30/360       08/01 - 08/31      839,000.00         0.00         0.00         839,000.00         0.00         0.00         300,000,000.00   

A-4

     345,240,000.00         345,240,000.00         3.622000     30/360       08/01 - 08/31      1,042,049.40         0.00         0.00         1,042,049.40         0.00         0.00         345,240,000.00   

A-AB

     81,766,000.00         81,766,000.00         3.337000     30/360       08/01 - 08/31      227,377.62         0.00         0.00         227,377.62         0.00         0.00         81,766,000.00   

A-S

     95,486,000.00         95,486,000.00         3.863000     30/360       08/01 - 08/31      307,385.35         0.00         0.00         307,385.35         0.00         0.00         95,486,000.00   

B

     80,084,000.00         80,084,000.00         4.175000     30/360       08/01 - 08/31      278,625.58         0.00         0.00         278,625.58         0.00         0.00         80,084,000.00   

C

     49,283,000.00         49,283,000.00         4.602879     30/360       08/01 - 08/31      189,036.41         0.00         0.00         189,036.41         0.00         0.00         49,283,000.00   

D

     64,683,000.00         64,683,000.00         4.656879     30/360       08/01 - 08/31      251,017.42         0.00         0.00         251,017.42         0.00         0.00         64,683,000.00   

E

     24,641,000.00         24,641,000.00         3.208000     30/360       08/01 - 08/31      65,873.61         0.00         0.00         65,873.61         0.00         0.00         24,641,000.00   

F

     9,241,000.00         9,241,000.00         3.208000     30/360       08/01 - 08/31      24,704.27         0.00         0.00         24,704.27         0.00         0.00         9,241,000.00   

G

     46,202,996.00         46,202,996.00         3.208000     30/360       08/01 - 08/31      120,232.49         0.00         0.00         120,232.49         0.00         0.00         46,202,996.00   

R

     0.00         0.00         0.000000     —         —        0.00         0.00         0.00         0.00         0.00         0.00         0.00   
  

 

 

    

 

 

            

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Totals

     1,232,066,996.00         1,216,208,677.19                 3,588,332.97         765,076.10         0.00         4,353,409.07         0.00         0.00         1,215,443,601.09   
  

 

 

    

 

 

            

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Notional Classes   

X-A

     957,932,000.00         942,073,681.19         1.270083     30/360       08/01 - 08/31      997,092.80         0.00         0.00         997,092.80         0.00         0.00         941,308,605.09   

X-B

     129,367,000.00         129,367,000.00         0.318876     30/360       08/01 - 08/31      34,376.74         0.00         0.00         34,376.74         0.00         0.00         129,367,000.00   

X-C

     24,641,000.00         24,641,000.00         1.448879     30/360       08/01 - 08/31      29,751.52         0.00         0.00         29,751.52         0.00         0.00         24,641,000.00   

X-D

     55,443,996.00         55,443,996.00         1.448879     30/360       08/01 - 08/31      66,943.04         0.00         0.00         66,943.04         0.00         0.00         55,443,996.00   
  

 

 

    

 

 

            

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Totals

     1,167,383,996.00         1,151,525,677.19                 1,128,164.10         0.00         0.00         1,128,164.10         0.00         0.00         1,150,760,601.09   
  

 

 

    

 

 

            

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Non-Active Exchangeable Certificates   

PEZ

     224,853,000.00         224,853,000.00         0.000000     30/360       08/01 - 08/31      0.00         0.00         0.00         0.00         0.00         0.00         224,853,000.00   

 

Reports Available at sf.citidirect.com   Page 2 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Distribution Summary (Factors)

PER $1,000 OF ORIGINAL BALANCE

 

Class

   CUSIP    Record
Date
   Prior
Principal
Balance
(3)/(2) x 1000
     Interest
Distributed
(7)/(2) x 1000
     Principal
Distributed
(8)/(2) x 1000
     PPP and YM
Distributed
(9)/(2) x 1000
     Total
Distributed
(10)/(2) x 1000
     Deferred
Interest
(11)/(2) x 1000
     Realized Loss
(12)/(2) x 1000
     Current
Principal
Balance
(14)/(2) x 1000
 

A-1

   17322VAQ9    08/31/2016      680.546336         0.789434         15.411871         0.000000         16.201305         0.000000         0.000000         665.134465   

A-2

   17322VAR7    08/31/2016      1,000.000000         2.375833         0.000000         0.000000         2.375833         0.000000         0.000000         1,000.000000   

A-3

   17322VAS5    08/31/2016      1,000.000000         2.796667         0.000000         0.000000         2.796667         0.000000         0.000000         1,000.000000   

A-4

   17322VAT3    08/31/2016      1,000.000000         3.018333         0.000000         0.000000         3.018333         0.000000         0.000000         1,000.000000   

A-AB

   17322VAU0    08/31/2016      1,000.000000         2.780833         0.000000         0.000000         2.780833         0.000000         0.000000         1,000.000000   

A-S

   17322VAV8    08/31/2016      1,000.000000         3.219167         0.000000         0.000000         3.219167         0.000000         0.000000         1,000.000000   

B

   17322VAW6    08/31/2016      1,000.000000         3.479167         0.000000         0.000000         3.479167         0.000000         0.000000         1,000.000000   

C

   17322VAX4    08/31/2016      1,000.000000         3.835733         0.000000         0.000000         3.835733         0.000000         0.000000         1,000.000000   

D

   17322VAE6    08/31/2016      1,000.000000         3.880732         0.000000         0.000000         3.880732         0.000000         0.000000         1,000.000000   

E

   17322VAG1    08/31/2016      1,000.000000         2.673333         0.000000         0.000000         2.673333         0.000000         0.000000         1,000.000000   

F

   17322VAJ5    08/31/2016      1,000.000000         2.673333         0.000000         0.000000         2.673333         0.000000         0.000000         1,000.000000   

G

   17322VAL0    08/31/2016      1,000.000000         2.602266         0.000000         0.000000         2.602266         0.000000         0.000000         1,000.000000   

R

   17322VAN6    08/31/2016      0.000000         0.000000         0.000000         0.000000         0.000000         0.000000         0.000000         0.000000   

X-A

   17322VAY2    08/31/2016      983.445256         1.040881         0.000000         0.000000         1.040881         0.000000         0.000000         982.646581   

X-B

   17322VAZ9    08/31/2016      1,000.000000         0.265730         0.000000         0.000000         0.265730         0.000000         0.000000         1,000.000000   

X-C

   17322VAA4    08/31/2016      1,000.000000         1.207399         0.000000         0.000000         1.207399         0.000000         0.000000         1,000.000000   

X-D

   17322VAC0    08/31/2016      1,000.000000         1.207399         0.000000         0.000000         1.207399         0.000000         0.000000         1,000.000000   

 

Reports Available at sf.citidirect.com   Page 3 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Interest Distribution Detail

DISTRIBUTION IN DOLLARS

 

Class (1)

   Prior
Principal
Balance
(2)
     Pass-
Through
Rate
(3)
    Accrual
Day
Count
Fraction
     Optimal
Accrued
Interest
(6)
     Prior
Unpaid
Interest
(7)
     Interest on
Prior Unpaid
Interest
(8)
     Non-Recov.
Interest
Shortfall
(9)
     Interest
Due
(10)=(6)+(7)+(8)-(9)
     Deferred
Interest
(11)
     Interest
Distributed
(12)
     Current
Unpaid
Interest
(13)=(10)-(11)-(12)
 

A-1

     33,783,681.19         1.39200     30/360         39,189.07         0.00         0.00         0.00         39,189.07         0.00         39,189.07         0.00   

A-2

     85,798,000.00         2.85100     30/360         203,841.75         0.00         0.00         0.00         203,841.75         0.00         203,841.75         0.00   

A-3

     300,000,000.00         3.35600     30/360         839,000.00         0.00         0.00         0.00         839,000.00         0.00         839,000.00         0.00   

A-4

     345,240,000.00         3.62200     30/360         1,042,049.40         0.00         0.00         0.00         1,042,049.40         0.00         1,042,049.40         0.00   

A-AB

     81,766,000.00         3.33700     30/360         227,377.62         0.00         0.00         0.00         227,377.62         0.00         227,377.62         0.00   

A-S

     95,486,000.00         3.86300     30/360         307,385.35         0.00         0.00         0.00         307,385.35         0.00         307,385.35         0.00   

B

     80,084,000.00         4.17500     30/360         278,625.58         0.00         0.00         0.00         278,625.58         0.00         278,625.58         0.00   

C

     49,283,000.00         4.60288     30/360         189,036.41         0.00         0.00         0.00         189,036.41         0.00         189,036.41         0.00   

D

     64,683,000.00         4.65688     30/360         251,017.42         0.00         0.00         0.00         251,017.42         0.00         251,017.42         0.00   

E

     24,641,000.00         3.20800     30/360         65,873.61         0.00         0.00         0.00         65,873.61         0.00         65,873.61         0.00   

F

     9,241,000.00         3.20800     30/360         24,704.27         0.00         0.00         0.00         24,704.27         0.00         24,704.27         0.00   

G

     46,202,996.00         3.20800     30/360         123,516.01         3,641.94         0.00         0.00         127,157.95         0.00         120,232.49         6,925.46   

R

     0.00         0.00000     —           0.00         0.00         0.00         0.00         0.00         0.00         0.00         0.00   
  

 

 

         

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Totals

     1,216,208,677.19              3,591,616.49         3,641.94         0.00         0.00         3,595,258.43         0.00         3,588,332.97         6,925.46   
  

 

 

         

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Notional Classes

 

  

                    

X-A

     942,073,681.19         1.27008     30/360         997,092.80         0.00         0.00         0.00         997,092.80         0.00         997,092.80         0.00   

X-B

     129,367,000.00         0.31888     30/360         34,376.74         0.00         0.00         0.00         34,376.74         0.00         34,376.74         0.00   

X-C

     24,641,000.00         1.44888     30/360         29,751.52         0.00         0.00         0.00         29,751.52         0.00         29,751.52         0.00   

X-D

     55,443,996.00         1.44888     30/360         66,943.04         0.00         0.00         0.00         66,943.04         0.00         66,943.04         0.00   
  

 

 

         

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Totals

     1,151,525,677.19              1,128,164.10         0.00         0.00         0.00         1,128,164.10         0.00         1,128,164.10         0.00   
  

 

 

         

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

Reports Available at sf.citidirect.com   Page 4 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Principal Distribution Detail

DISTRIBUTION IN DOLLARS

 

Class (1)

   Original
Balance
(2)
     Prior
Principal
Balance
(3)
     Scheduled
Principal
Distribution
(4)
     Unscheduled
Principal
Distribution
(5)
     Accreted
Principal
(6)
     Current
Realized
Loss
(7)
     Current
Principal
Recoveries
(8)
     Current
Principal
Balance
(9)=(3)-(4)-(5)+(6)-(7)+(8)
     Cumulative
Realized
Loss
(10)
     Original
Class
(%)
(11)
    Current
Class
(%)
(12)
    Original
Credit
Support
(13)
    Current
Credit
Support
(14)
 

A-1

     49,642,000.00         33,783,681.19         765,076.10         0.00         0.00         0.00         0.00         33,018,605.09         0.00         4.03     2.72     30.00     30.41

A-2

     85,798,000.00         85,798,000.00         0.00         0.00         0.00         0.00         0.00         85,798,000.00         0.00         6.96     7.06     30.00     30.41

A-3

     300,000,000.00         300,000,000.00         0.00         0.00         0.00         0.00         0.00         300,000,000.00         0.00         24.35     24.68     30.00     30.41

A-4

     345,240,000.00         345,240,000.00         0.00         0.00         0.00         0.00         0.00         345,240,000.00         0.00         28.02     28.40     30.00     30.41

A-AB

     81,766,000.00         81,766,000.00         0.00         0.00         0.00         0.00         0.00         81,766,000.00         0.00         6.64     6.73     30.00     30.41

A-S

     95,486,000.00         95,486,000.00         0.00         0.00         0.00         0.00         0.00         95,486,000.00         0.00         7.75     7.86     22.25     22.55

B

     80,084,000.00         80,084,000.00         0.00         0.00         0.00         0.00         0.00         80,084,000.00         0.00         6.50     6.59     15.75     15.97

C

     49,283,000.00         49,283,000.00         0.00         0.00         0.00         0.00         0.00         49,283,000.00         0.00         4.00     4.05     11.75     11.91

D

     64,683,000.00         64,683,000.00         0.00         0.00         0.00         0.00         0.00         64,683,000.00         0.00         5.25     5.32     6.50     6.59

E

     24,641,000.00         24,641,000.00         0.00         0.00         0.00         0.00         0.00         24,641,000.00         0.00         2.00     2.03     4.50     4.56

F

     9,241,000.00         9,241,000.00         0.00         0.00         0.00         0.00         0.00         9,241,000.00         0.00         0.75     0.76     3.75     3.80

G

     46,202,996.00         46,202,996.00         0.00         0.00         0.00         0.00         0.00         46,202,996.00         0.00         3.75     3.80     0.00     0.00
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

     

Totals

     1,232,066,996.00         1,216,208,677.19         765,076.10         0.00         0.00         0.00         0.00         1,215,443,601.09         0.00         100.00     100.00    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

     

 

Reports Available at sf.citidirect.com   Page 5 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Reconciliation Detail

SOURCE OF FUNDS

 

Interest Funds Available

   

Scheduled Interest

    4,736,049.85     

Prepayment Interest Shortfall

    0.00     

Interest Adjustments

    0.00     

Realized Loss in Excess of Principal Balance

    0.00     
 

 

 

   

Total Interest Funds Available:

      4,736,049.85   

Principal Funds Available

   

Scheduled Principal

    765,076.10     

Curtailments

    0.00     

Principal Prepayments

    0.00     

Net Liquidation Proceeds

    0.00     

Repurchased Principal

    0.00     

Substitution Principal

    0.00     

Other Principal

    0.00     
 

 

 

   

Total Principal Funds Available:

      765,076.10   

Other Funds Available

   

Yield Maintenance Charges

    0.00     

Withdrawal of Withheld Amounts from the Interest Reserve Account

    0.00     

Deposit of Withheld Amounts to the Interest Reserve Account

    0.00     
 

 

 

   

Total Other Funds Available:

      0.00   
   

 

 

 

Total Funds Available

      5,501,125.95   
   

 

 

 

ALLOCATION OF FUNDS

 

Scheduled Fees

   

Servicing Fee

    12,289.57     

Trustee/Certificate Administrator Fee

    2,304.02     

Operating Advisor Fee

    1,152.02     

CREFC® Intellectual Property Royalty License Fee

    523.65     
 

 

 

   

Total Scheduled Fees:

      16,269.26   

Additional Fees, Expenses, etc.

   

Additional Servicing Fee

    0.00     

Special Servicing Fee

    3,500.00     

Work-out Fee

    0.00     

Liquidation Fee

    0.00     

Trust Fund Expenses

    0.00     

Trust Advisor Expenses

    0.00     

Reimbursement of Interest on Advances to the Servicer

    (216.48  

Borrower Reimbursable Trust Fund Expenses

    0.00     

Other Expenses

    0.00     
 

 

 

   

Total Additional Fees, Expenses, etc.:

      3,283.52   

Distributions

   

Interest Distribution

    4,716,497.07     

Principal Distribution

    765,076.10     

Yield Maintenance Charge Distribution

    0.00     
 

 

 

   

Total Distributions:

      5,481,573.17   
   

 

 

 

Total Funds Allocated

      5,501,125.95   
   

 

 

 
 

 

Reports Available at sf.citidirect.com   Page 6 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Other Information

 

Interest Reserve Account Information

  

Beginning Interest Reserve Account Balance

     0.00   

Deposit of Withheld Amounts to the Interest Reserve Account

     0.00   

Withdrawal of Withheld Amounts from the Interest Reserve Account

     0.00   

Ending Interest Reserve Account Balance

     0.00   

Excess Liquidation Proceeds Reserve Account Information

  

Beginning Excess Liquidation Proceeds Reserve Account Balance

     0.00   

Deposit to the Excess Liquidation Proceeds Reserve Account

     0.00   

Withdrawal from the Excess Liquidation Proceeds Reserve Account

     0.00   

Ending Excess Liquidation Proceeds Reserve Account Balance

     0.00   

Collateral Information

  

% of Cut-Off Principal Balance Outstanding

     98.650772

Controlling Class Information

  

The Controlling Class is Class G.

  

The Controlling Class Representative is Rialto CMBS III, LLC.

  

There Are No Disclosable Special Servicer Fees.

  

 

Reports Available at sf.citidirect.com   Page 7 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Stratification Detail

 

Ending Scheduled Balance

 

Ending Sched Balance

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

1 to 5,000,000

    32        107,680,970.30        8.86        4.9184        87        1.878342   

5,000,001 to 10,000,000

    23        151,338,435.95        12.45        4.6965        72        1.779180   

10,000,001 to 15,000,000

    11        133,348,094.58        10.97        4.6688        83        1.642068   

15,000,001 to 20,000,000

    3        51,483,673.95        4.24        4.6264        94        1.645515   

20,000,001 to 25,000,000

    1        22,500,000.00        1.85        4.6700        94        1.690000   

25,000,001 to 30,000,000

    2        55,194,402.46        4.54        4.7373        94        2.371027   

30,000,001 to 35,000,000

    4        134,750,000.00        11.09        4.7898        94        1.671540   

35,000,001 to 40,000,000

    1        38,054,474.43        3.13        4.3585        94        1.480000   

40,000,001 to 45,000,000

    0        0.00        0.00        0.0000        0        0.000000   

45,000,001 to 50,000,000

    0        0.00        0.00        0.0000        0        0.000000   

50,000,001 to 55,000,000

    0        0.00        0.00        0.0000        0        0.000000   

55,000,001 to 60,000,000

    0        0.00        0.00        0.0000        0        0.000000   

60,000,001 to 65,000,000

    2        124,318,208.91        10.23        4.4372        94        1.819181   

65,000,001 to 70,000,000

    1        70,000,000.00        5.76        4.1765        94        2.640000   

70,000,001 to 75,000,000

    0        0.00        0.00        0.0000        0        0.000000   

75,000,001 to 80,000,000

    0        0.00        0.00        0.0000        0        0.000000   

80,000,001 to 85,000,000

    0        0.00        0.00        0.0000        0        0.000000   

85,000,001 to 90,000,000

    1        89,775,340.85        7.39        4.3005        94        2.230000   

90,000,001 or Greater

    2        237,000,000.00        19.50        4.1661        93        3.371392   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    83        1,215,443,601.43        100.00        4.5221        89        2.168618   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

(When current DSCR is not available, the most currently provided DSCR will be used.)

State

 

State

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

Alabama

    3        12,518,159.87        1.03        4.9413        71        2.816021   

Arizona

    1        5,700,000.00        0.47        4.6500        94        1.220000   

California

    6        176,619,250.79        14.53        4.3869        90        2.291068   

Colorado

    1        3,189,648.98        0.26        4.6200        94        1.670000   

Connecticut

    2        5,517,176.31        0.45        5.0500        93        1.280526   

District of Columbia

    1        11,625,000.00        0.96        4.6600        94        1.750000   

Florida

    4        63,044,859.12        5.19        4.6994        94        1.864741   

Georgia

    3        24,208,223.93        1.99        4.7213        94        2.025553   

Idaho

    1        2,453,812.11        0.20        5.3150        94        1.820000   

Illinois

    1        6,400,000.00        0.53        4.8600        94        1.310000   

Indiana

    1        31,750,000.00        2.61        4.8400        94        1.680000   

Kentucky

    1        1,930,271.47        0.16        5.5600        93        1.210000   

Louisiana

    3        35,691,320.92        2.94        4.6804        84        1.578909   

Maryland

    2        67,765,841.98        5.58        4.4450        94        1.475821   

Michigan

    2        8,318,262.47        0.68        4.8521        94        1.669401   

North Carolina

    3        48,233,577.91        3.97        4.5038        94        1.486480   

North Dakota

    1        11,150,000.00        0.92        4.7000        94        1.410000   

New Hampshire

    1        3,387,412.60        0.28        4.8200        94        1.870000   

New Jersey

    1        5,517,001.05        0.45        4.8300        34        1.730000   

Nevada

    2        8,517,744.17        0.70        5.0439        93        1.758089   

New York

    6        272,930,646.22        22.46        4.1289        94        3.160281   

Ohio

    1        4,800,000.00        0.39        4.6100        94        1.410000   

Pennsylvania

    1        12,879,642.64        1.06        4.9100        94        1.560000   

South Carolina

    1        5,908,129.88        0.49        4.3200        34        2.340000   

Tennessee

    4        72,113,302.67        5.93        4.8275        93        2.159025   

Texas

    16        137,108,368.17        11.28        4.6368        72        1.795797   

Utah

    1        2,125,186.78        0.17        4.7500        93        1.540000   

Virginia

    5        37,390,141.83        3.08        4.8614        93        1.569211   

Washington

    2        102,426,634.64        8.43        4.6296        92        2.085431   

Wisconsin

    2        6,002,348.98        0.49        4.8667        34        1.936951   

West Virginia

    2        13,515,580.09        1.11        4.6518        94        1.472354   

Various

    2        14,706,055.85        1.21        4.9864        93        1.386346   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    83        1,215,443,601.43        100.00        4.5221        89        2.168618   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
 

 

Reports Available at sf.citidirect.com   Page 8 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Stratification Detail

 

Seasoning

 

Seasoning

  # of
Loans
    Ending Sched
Balance
     % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

12 Months or Less

    0        0.00         0.00        0.0000        0        0.000000   

13 to 24 Months

    0        0.00         0.00        0.0000        0        0.000000   

25 to 36 Months

    83        1,215,443,601.43         100.00        4.5221        89        2.168618   

37 to 48 Months

    0        0.00         0.00        0.0000        0        0.000000   

49 Months or Greater

    0        0.00         0.00        0.0000        0        0.000000   
 

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    83        1,215,443,601.43         100.00        4.5221        89        2.168618   
 

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

 

 

Debt Service Coverage Ratio

 

Debt Service

Coverage Ratio

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

1.250 or Less

    9        50,135,808.09        4.12        5.0939        94        1.144884   

1.251 to 1.500

    19        225,040,590.12        18.52        4.5821        90        1.446892   

1.501 to 1.750

    23        245,565,952.22        20.20        4.7910        91        1.633424   

1.751 to 2.000

    10        104,793,293.94        8.62        4.6412        87        1.839071   

2.001 to 2.250

    6        279,727,251.52        23.01        4.4512        90        2.132152   

2.251 to 2.500

    3        16,039,958.76        1.32        4.4933        50        2.323309   

2.501 to 2.750

    6        102,048,047.05        8.40        4.3054        81        2.627035   

2.751 to 3.000

    4        42,342,699.73        3.48        4.8493        87        2.951645   

3.001 to 3.250

    1        5,250,000.00        0.43        4.7000        94        3.010000   

3.251 to 3.500

    0        0.00        0.00        0.0000        0        0.000000   

3.501 to 3.750

    0        0.00        0.00        0.0000        0        0.000000   

3.751 to 4.000

    1        4,500,000.00        0.37        4.4500        93        3.830000   

4.001 or Greater

    1        140,000,000.00        11.52        3.8600        94        4.280000   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    83        1,215,443,601.43        100.00        4.5221        89        2.168618   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

(When current DSCR is not available, the most currently provided DSCR will be used.)

Property Type

 

Property Type

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

Other

    1        35,000,000.00        2.88        4.7830        94        1.860000   

Multifamily

    20        241,874,344.06        19.90        4.6197        84        1.886596   

Retail

    30        397,600,767.16        32.71        4.5508        91        1.817232   

Industrial

    2        15,839,675.48        1.30        4.6936        94        1.291516   

Mobile Home Park

    3        10,111,639.70        0.83        5.1650        94        2.166686   

Office

    3        106,131,674.83        8.73        4.6210        92        2.016243   

Mixed Use

    3        155,294,859.12        12.78        3.9445        94        4.028223   

Lodging

    10        207,469,160.60        17.07        4.5586        87        2.121701   

Self Storage

    11        46,121,480.48        3.79        4.9196        81        1.512920   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    83        1,215,443,601.43        100.00        4.5221        89        2.168618   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loan Rate

 

Loan Rate (%)

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

4.00 or Less

    1        140,000,000.00        11.52        3.8600        94        4.280000   

4.01 to 4.25

    6        110,178,421.44        9.06        4.1670        72        2.469139   

4.26 to 4.50

    9        298,151,616.58        24.53        4.3910        93        1.941327   

4.51 to 4.75

    27        360,576,763.58        29.67        4.6438        91        1.794449   

4.76 to 5.00

    22        232,133,987.35        19.10        4.8361        88        1.816767   

5.01 to 5.25

    8        32,085,403.91        2.64        5.0869        93        1.583183   

5.26 to 5.50

    9        40,387,137.10        3.32        5.3660        87        1.581566   

5.51 to 5.75

    1        1,930,271.47        0.16        5.5600        93        1.210000   

5.76 to 6.00

    0        0.00        0.00        0.0000        0        0.000000   

6.01 to 6.25

    0        0.00        0.00        0.0000        0        0.000000   

6.26 to 6.50

    0        0.00        0.00        0.0000        0        0.000000   

6.51 to 6.75

    0        0.00        0.00        0.0000        0        0.000000   

6.76 to 7.00

    0        0.00        0.00        0.0000        0        0.000000   

7.01 or Greater

    0        0.00        0.00        0.0000        0        0.000000   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    83        1,215,443,601.43        100.00        4.5221        89        2.168618   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
 

 

Reports Available at sf.citidirect.com   Page 9 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Stratification Detail

 

Anticipated Remaining Term

 

Anticipated Remaining
Term

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

60 Months or Less

    14        91,744,603.55        7.55        4.4852        35        2.089445   

61 to 90 Months

    0        0.00        0.00        0.0000        0        0.000000   

91 Months or Greater

    69        1,123,698,997.88        92.45        4.5252        94        2.175082   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    83        1,215,443,601.43        100.00        4.5221        89        2.168618   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

(When current DSCR is not available, the most currently provided DSCR will be used.)

Remaining Amortization Term

 

Remaining
Amortization Term

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

240 Months or Less

    3        301,000,000.00        24.76        4.2322        93        3.105316   

241 to 270 Months

    0        0.00        0.00        0.0000        0        0.000000   

271 to 300 Months

    13        131,011,688.07        10.78        4.5244        73        1.694345   

301 Months or Greater

    67        783,431,913.36        64.46        4.6332        90        1.888044   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    83        1,215,443,601.43        100.00        4.5221        89        2.168618   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
 

 

Reports Available at sf.citidirect.com   Page 10 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Mortgage Loan Detail

 

Loan

  OMCR     Prop
Type
(1)
  City   State   Interest
Payment
    Principal
Payment
    Gross
Coupon
    Maturity
Date
    Neg
Am
Flag
  Beginning
Scheduled
Balance
    Ending
Scheduled
Balance
    Paid
Through
Date
    Appraisal
Reduction
Date
  Appraisal
Reduction
Amount
    Payment
Status
(2)
    Workout
Strategy
(3)
    Mod
Type
(4)
 

030307326

    001      MU   New York   NY     465,344.44        0.00        3.86000     7/6/24      N     140,000,000.00        140,000,000.00        9/6/16      N/A     0.00        0        0        0   

030520657

    002      OF   Seattle   WA     384,896.00        0.00        4.60800     5/6/24      N     97,000,000.00        97,000,000.00        8/6/16      N/A     0.00        A        0        0   

030520655

    003      LO   New York   NY     332,873.54        112,537.18        4.30050     7/5/24      N     89,887,878.03        89,775,340.85        9/6/16      N/A     0.00        0        0        0   

030520656

    004      RT   Chula Vista   CA     251,750.14        0.00        4.17650     7/5/24      N     70,000,000.00        70,000,000.00        9/6/16      N/A     0.00        0        0        0   

030520648

    005      MF   Fountain Valley   CA     246,732.44        0.00        4.47700     7/5/24      N     64,000,000.00        64,000,000.00        9/6/16      N/A     0.00        0        0        0   

030307327

    006      RT   Clinton   MD     228,597.92        84,193.08        4.39500     7/6/24      N     60,402,401.99        60,318,208.91        9/6/16      N/A     0.00        0        0        0   

030520643

    007      RT   Huntersville   NC     143,109.58        76,023.02        4.35850     7/6/24      N     38,130,497.45        38,054,474.43        8/6/16      N/A     0.00        A        0        0   

030307328

    008      LO   Knoxville   TN     146,173.61        0.00        4.85000     7/1/24      N     35,000,000.00        35,000,000.00        8/1/16      N/A     0.00        B        0        0   

030307329

    009      N/A   Jacksonville   FL     144,154.31        0.00        4.78300     7/6/24      N     35,000,000.00        35,000,000.00        9/6/16      N/A     0.00        0        0        0   

030307330

    010      MF   Rosenberg   TX     133,132.08        0.00        4.68500     7/1/24      N     33,000,000.00        33,000,000.00        8/1/16      N/A     0.00        A        0        0   

030307331

    011      RT   Various   IN     132,326.94        0.00        4.84000     7/6/24      N     31,750,000.00        31,750,000.00        9/6/16      N/A     0.00        0        0        0   

030520644

    012      LO   Nashville   TN     123,541.89        38,673.67        4.77700     7/5/24      N     30,033,076.13        29,994,402.46        9/6/16      N/A     0.00        0        0        0   

030307332

    013      RT   Lafayette   LA     101,773.00        0.00        4.69000     6/6/24      N     25,200,000.00        25,200,000.00        9/6/16      N/A     0.00        0        0        0   

030307333

    014      MF   Alexandria   VA     90,481.25        0.00        4.67000     7/6/24      N     22,500,000.00        22,500,000.00        9/6/16      N/A     0.00        0        0        0   

030307334

    015      MF   Savannah   GA     71,375.35        0.00        4.75000     7/6/24      N     17,450,000.00        17,450,000.00        9/6/16      N/A     0.00        0        0        0   

030307335

    016      LO   Rochester   NY     68,467.69        32,863.54        4.62500     7/6/24      N     17,191,537.49        17,158,673.95        9/6/16      N/A     0.00        0        0        0   

030307336

    017      RT   Gainesville   FL     65,390.62        0.00        4.50000     7/6/24      N     16,875,000.00        16,875,000.00        8/6/16      N/A     0.00        A        0        0   

030520654

    018      MF   Houston   TX     29,121.44        16,487.17        4.19500     7/5/19      N     8,061,608.20        8,045,121.03        9/6/16      N/A     0.00        0        0        0   

030520653

    019      MF   Houston   TX     28,488.59        16,128.88        4.19500     7/5/19      N     7,886,417.93        7,870,289.05        9/6/16      N/A     0.00        0        0        0   

030307337

    020      RT   Los Angeles   CA     56,330.91        19,196.01        4.59000     6/6/24      N     14,251,968.82        14,232,772.81        9/6/16      N/A     0.00        0        0        0   

030307338

    021      RT   West Fargo   ND     45,126.53        0.00        4.70000     7/6/24      N     11,150,000.00        11,150,000.00        9/6/16      N/A     0.00        0        0        0   

030307339

    022      RT   Memphis   TN     11,512.19        0.00        4.61000     7/6/21      N     2,900,000.00        2,900,000.00        9/6/16      N/A     0.00        0        0        0   

030520640

    023      RT   Modesto   CA     54,950.73        0.00        4.55000     6/6/24      N     14,025,000.00        14,025,000.00        8/6/16      N/A     0.00        A        0        0   

030307340

    024      MF   Downington   PA     54,524.10        16,143.42        4.91000     7/6/24      N     12,895,786.06        12,879,642.64        9/6/16      N/A     0.00        0        0        0   

030307341

    025      RT   Lake Ronkonkoma   NY     50,172.46        16,670.79        4.49500     6/6/24      N     12,962,133.30        12,945,462.51        9/6/16      N/A     0.00        0        0        0   

030307342

    026      MF   Houston   TX     56,641.91        12,133.75        5.34000     7/6/24      N     12,317,921.79        12,305,788.04        8/6/16      N/A     0.00        A        0        0   

 

Reports Available at sf.citidirect.com   Page 11 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Mortgage Loan Detail

 

Loan

  OMCR     Prop
Type
(1)
  City   State   Interest
Payment
    Principal
Payment
    Gross
Coupon
    Maturity
Date
    Neg
Am
Flag
  Beginning
Scheduled
Balance
    Ending
Scheduled
Balance
    Paid
Through
Date
    Appraisal
Reduction
Date
  Appraisal
Reduction
Amount
    Payment
Status
(2)
    Workout
Strategy
(3)
    Mod
Type
(4)
 

030520650

    027      MF   Houston   TX     41,252.12        23,451.66        4.18450     7/5/19      N     11,448,365.94        11,424,914.28        9/6/16      N/A     0.00        0        0        0   

030307318

    028      LO   Palm Springs   CA     45,683.76        14,481.75        4.59000     7/5/19      N     11,558,194.22        11,543,712.47        9/5/16      N/A     0.00        0        0        0   

030307343

    029      MU   Washington   DC     46,648.54        0.00        4.66000     7/6/24      N     11,625,000.00        11,625,000.00        8/6/16      N/A     0.00        A        0        0   

030307344

    030      IN   Brooklyn   NY     45,038.04        17,879.43        4.73000     7/6/24      N     11,057,554.91        11,039,675.48        9/6/16      N/A     0.00        0        0        0   

030307319

    031      MF   Morgantown   WV     40,268.41        11,960.37        4.59000     7/5/24      N     10,188,086.72        10,176,126.35        9/5/16      N/A     0.00        0        0        0   

030307345

    032      SS   Conroe   TX     38,475.59        11,950.33        4.81000     6/6/19      N     9,289,257.34        9,277,307.01        9/6/16      N/A     0.00        0        0        0   

030307346

    033      RT   Brownsville   TX     35,269.73        0.00        4.83000     6/6/24      N     8,480,000.00        8,480,000.00        9/6/16      N/A     0.00        0        0        0   

030520642

    034      RT   Various   XX     33,194.05        10,353.17        4.80000     6/6/24      N     8,030,817.53        8,020,464.36        9/6/16      N/A     0.00        0        0        0   

030307347

    035      SS   Amarillo   TX     30,979.96        10,495.84        4.59000     7/6/24      N     7,838,066.69        7,827,570.85        9/6/16      N/A     0.00        0        0        0   

030307348

    036      RT   Hagerstown   MD     31,161.67        13,757.29        4.85000     7/6/24      N     7,461,390.36        7,447,633.07        9/6/16      N/A     0.00        0        0        0   

030307320

    037      RT   Clermont   FL     30,095.83        0.00        4.66000     7/5/24      N     7,500,000.00        7,500,000.00        9/5/16      N/A     0.00        0        0        0   

030520649

    038      MF   Houston   TX     24,136.53        14,390.31        4.06450     7/5/19      N     6,896,179.95        6,881,789.64        9/6/16      N/A     0.00        0        0        0   

030307349

    039      SS   Various   XX     30,029.61        7,901.68        5.21000     6/6/24      N     6,693,493.17        6,685,591.49        8/6/16      N/A     0.00        A        0        0   

030307350

    040      RT   Las Vegas   NV     26,721.67        7,894.19        4.93000     6/6/24      N     6,294,445.41        6,286,551.22        9/6/16      N/A     0.00        0        0        0   

030307351

    041      RT   Oak Lawn   IL     26,784.00        0.00        4.86000     7/6/24      N     6,400,000.00        6,400,000.00        9/6/16      N/A     0.00        0        0        0   

030520646

    042      MF   Houston   TX     20,890.59        12,455.06        4.06450     7/5/19      N     5,968,762.50        5,956,307.44        9/6/16      N/A     0.00        0        0        0   

030307321

    043      LO   Bluffton   SC     22,009.39        8,373.46        4.32000     7/5/19      N     5,916,503.34        5,908,129.88        9/5/16      N/A     0.00        0        0        0   

030307352

    044      LO   Sulphur   LA     22,996.57        7,293.95        4.76000     6/6/19      N     5,610,439.16        5,603,145.21        9/6/16      N/A     0.00        0        0        0   

030307325

    045      RT   McKinney   TX     22,328.40        0.00        4.49000     6/6/24      N     5,775,000.00        5,775,000.00        9/6/16      N/A     0.00        0        0        0   

030520652

    046      RT   Phoenix   AZ     22,823.75        0.00        4.65000     7/5/24      N     5,700,000.00        5,700,000.00        9/6/16      N/A     0.00        0        0        0   

030307353

    047      RT   Bergenfield   NJ     22,975.38        7,033.99        4.83000     7/6/19      N     5,524,035.04        5,517,001.05        9/6/16      N/A     0.00        0        0        0   

030307354

    048      MH   West Richland   WA     23,463.49        6,649.88        5.01500     7/6/24      N     5,433,284.52        5,426,634.64        9/6/16      N/A     0.00        0        0        0   

030307355

    049      LO   Raleigh   NC     24,524.89        8,603.59        5.49000     7/6/24      N     5,187,707.07        5,179,103.48        9/6/16      N/A     0.00        0        0        0   

030307356

    050      RT   Lynchburg   VA     23,839.75        8,663.41        5.39000     7/6/24      N     5,136,338.69        5,127,675.28        9/6/16      N/A     0.00        0        0        0   

030307357

    051      RT   Petoskey   MI     21,186.94        6,708.15        4.75000     7/6/24      N     5,179,829.40        5,173,121.25        9/6/16      N/A     0.00        0        0        0   

030307358

    052      MF   Fort Worth   TX     21,247.92        0.00        4.70000     7/6/24      N     5,250,000.00        5,250,000.00        9/6/16      N/A     0.00        0        0        0   

 

Reports Available at sf.citidirect.com   Page 12 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Mortgage Loan Detail

 

Loan

   OMCR      Prop
Type
(1)
   City    State    Interest
Payment
     Principal
Payment
     Gross
Coupon
    Maturity
Date
     Neg
Am
Flag
   Beginning
Scheduled
Balance
     Ending
Scheduled
Balance
     Paid
Through
Date
     Appraisal
Reduction
Date
   Appraisal
Reduction
Amount
     Payment
Status
(2)
     Workout
Strategy
(3)
     Mod
Type
(4)
 

030307359

     053       SS    Williamsburg    VA      10,623.66         3,065.29         5.00000     5/6/24       N      2,467,430.51         2,464,365.22         8/6/16       N/A      0.00         A         0         0   

030307360

     054       SS    Williamsburg    VA      10,623.66         3,065.29         5.00000     5/6/24       N      2,467,430.51         2,464,365.22         8/6/16       N/A      0.00         A         0         0   

030307322

     055       LO    Houma    LA      19,135.94         6,622.74         4.54000     7/5/24       N      4,894,798.45         4,888,175.71         9/5/16       N/A      0.00         0         0         0   

030307361

     056       RT    Florence    AL      22,176.57         8,203.03         5.34000     7/6/19       N      4,822,740.54         4,814,537.51         9/6/16       N/A      0.00         0         0         0   

030520641

     057       OF    Raleigh    NC      19,756.04         0.00         4.58850     7/5/24       N      5,000,000.00         5,000,000.00         9/6/16       N/A      0.00         0         0         0   

030307362

     058       SS    Williamsburg    VA      21,045.90         5,948.18         5.05000     5/6/24       N      4,839,684.29         4,833,736.11         8/6/16       N/A      0.00         A         0         0   

030520645

     059       MF    Montgomery    AL      19,226.79         5,543.92         4.65700     7/5/24       N      4,794,478.22         4,788,934.30         9/6/16       N/A      0.00         0         0         0   

030307323

     060       IN    Solon    OH      19,054.67         0.00         4.61000     7/5/24       N      4,800,000.00         4,800,000.00         9/5/16       N/A      0.00         0         0         0   

030307363

     061       MF    Houston    TX      19,392.07         5,122.67         4.87000     6/6/24       N      4,624,194.37         4,619,071.70         9/6/16       N/A      0.00         0         0         0   

030520639

     062       RT    Buford    GA      17,243.75         0.00         4.45000     6/6/24       N      4,500,000.00         4,500,000.00         9/6/16       N/A      0.00         0         0         0   

030307364

     063       RT    La Vergne    TN      18,731.91         5,020.23         5.15000     7/6/24       N      4,223,920.44         4,218,900.21         9/6/16       N/A      0.00         0         0         0   

030307365

     064       MF    Houston    TX      19,258.29         4,753.50         5.35000     7/6/24       N      4,180,274.94         4,175,521.44         8/6/16       N/A      0.00         A         0         0   

030307366

     065       OF    Lake Jackson    TX      17,685.03         4,771.72         4.96500     7/6/24       N      4,136,446.55         4,131,674.83         9/6/16       N/A      0.00         0         0         0   

030307367

     066       MU    North Port    FL      15,504.44         4,663.18         4.90000     5/6/24       N      3,674,522.30         3,669,859.12         9/6/16       N/A      0.00         0         0         0   

030307368

     067       RT    Union Grove    WI      15,281.35         4,457.99         4.94550     7/6/19       N      3,588,330.38         3,583,872.39         9/6/16       N/A      0.00         0         0         0   

030307369

     068       MF    Durham    NH      14,077.61         4,328.01         4.82000     7/6/24       N      3,391,740.61         3,387,412.60         9/6/16       N/A      0.00         0         0         0   

030307324

     069       RT    Parkersburg    WV      13,935.81         4,248.65         4.84000     7/5/24       N      3,343,702.39         3,339,453.74         9/5/16       N/A      0.00         0         0         0   

030307370

     070       RT    Lakewood    CO      12,706.40         4,250.33         4.62000     7/6/24       N      3,193,899.31         3,189,648.98         9/6/16       N/A      0.00         0         0         0   

030307371

     071       MF    Romulus    MI      13,612.49         3,873.96         5.02000     6/6/24       N      3,149,015.18         3,145,141.22         9/6/16       N/A      0.00         0         0         0   

030307372

     072       SS    Ridgefield    CT      13,064.28         3,672.05         5.05000     6/6/24       N      3,004,241.59         3,000,569.54         8/6/16       N/A      0.00         A         0         0   

030307373

     073       SS    Foley    AL      11,935.47         3,322.71         4.75000     6/6/24       N      2,918,010.77         2,914,688.06         9/6/16       N/A      0.00         0         0         0   

030307317

     074       RT    Brawley    CA      11,903.34         3,301.98         4.90000     7/6/24       N      2,821,067.49         2,817,765.51         9/6/16       N/A      0.00         0         0         0   

030307374

     075       SS    Norwich    CT      10,957.14         3,079.78         5.05000     6/6/24       N      2,519,686.55         2,516,606.77         8/6/16       N/A      0.00         A         0         0   

030307375

     076       MH    Nampa    ID      11,243.51         2,815.37         5.31500     7/6/24       N      2,456,627.48         2,453,812.11         9/6/16       N/A      0.00         0         0         0   

030307376

     077       LO    Plover    WI      9,905.07         3,136.11         4.75000     7/6/19       N      2,421,612.70         2,418,476.59         9/6/16       N/A      0.00         0         0         0   

030307377

     078       RT    Lawrenceville    GA      9,812.64         2,752.33         5.04000     7/6/24       N      2,260,976.26         2,258,223.93         9/6/16       N/A      0.00         0         0         0   

 

Reports Available at sf.citidirect.com   Page 13 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Mortgage Loan Detail

 

Loan

  OMCR     Prop
Type
(1)
  City   State   Interest
Payment
    Principal
Payment
    Gross
Coupon
    Maturity
Date
    Neg
Am
Flag
  Beginning
Scheduled
Balance
    Ending
Scheduled
Balance
    Paid
Through
Date
    Appraisal
Reduction
Date
  Appraisal
Reduction
Amount
    Payment
Status
(2)
    Workout
Strategy
(3)
    Mod
Type
(4)
 
030307378     079      MH   Reno   NV     10,319.50        2,531.52        5.36500     7/6/24      N     2,233,724.47        2,231,192.95        9/6/16      N/A     0.00        0        0        0   
030307379     080      SS   Herriman   UT     8,703.94        2,772.30        4.75000     6/6/24      N     2,127,959.08        2,125,186.78        9/6/16      N/A     0.00        0        0        0   
030307380     081      MF   Arlington   TX     9,666.26        2,366.42        5.37000     7/6/24      N     2,090,379.28        2,088,012.86        6/6/16      N/A     0.00        2        13        0   
030307381     082      SS   East Syracuse   NY     9,195.98        3,450.25        5.30000     7/6/24      N     2,014,943.68        2,011,493.43        9/6/16      N/A     0.00        0        0        0   
030307382     083      MF   Independence   KY     9,254.10        2,588.57        5.56000     6/6/24      N     1,932,860.04        1,930,271.47        8/6/16      N/A     0.00        A        0        0   
 

 

 

         

 

 

   

 

 

         

 

 

   

 

 

       

 

 

       
Totals     83              4,736,049.85        765,076.10              1,216,208,677.53        1,215,443,601.43            0.00         
 

 

 

         

 

 

   

 

 

         

 

 

   

 

 

       

 

 

       

 

Reports Available at sf.citidirect.com   Page 14 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Delinquency Loan Detail

 

Loan Number

  OMCR     # of Months
Delinq
    Actual
Principal
Balance
    Paid
Through
Date
    Current P&I
Advances
(Net of ASER)
    Total P&I
Advances
Outstanding
    Cumulative
Accrued Unpaid
Interest Advances
    Other Expense
Advances
Outstanding
    Payment
Status
(2)
    Workout
Strategy
(3)
    Most Recent
Special Serv
Transfer Date
    Foreclosure
Date
    Bankruptcy
Date
    REO
Date
 

030520657

    002        <1        97,000,000.00        8/6/16        384,896.00        384,060.72        0.00        0.00        A        0           

030520643

    007        <1        38,130,497.45        8/6/16        219,132.60        218,804.25        0.00        0.00        A        0           

030307328

    008        <1        35,000,000.00        8/1/16        146,173.61        145,872.22        0.00        0.00        B        0           

030307330

    010        <1        33,000,000.00        8/1/16        133,132.08        132,847.91        0.00        0.00        A        0           

030307336

    017        <1        16,875,000.00        8/6/16        65,390.62        65,245.31        0.00        0.00        A        0           

030520640

    023        <1        14,025,000.00        8/6/16        54,950.73        54,829.96        0.00        0.00        A        0           

030307342

    026        <1        12,317,921.79        8/6/16        68,775.66        68,669.59        0.00        0.00        A        0           

030307343

    029        <1        11,625,000.00        8/6/16        46,648.54        46,548.44        0.00        0.00        A        0           

030307349

    039        <1        6,693,493.17        8/6/16        37,931.29        37,585.46        0.00        0.00        A        0           

030307359

    053        <1        2,467,430.51        8/6/16        13,688.95        13,667.70        0.00        0.00        A        0           

030307360

    054        <1        2,467,430.51        8/6/16        13,688.95        13,667.70        0.00        0.00        A        0           

030307362

    058        <1        4,839,684.29        8/6/16        26,994.08        26,952.40        0.00        0.00        A        0           

030307365

    064        <1        4,180,274.94        8/6/16        24,011.79        23,975.79        0.00        0.00        A        0           

030307372

    072        <1        3,004,241.59        8/6/16        16,736.33        16,710.46        0.00        0.00        A        0           

030307374

    075        <1        2,519,686.55        8/6/16        14,036.92        14,015.22        0.00        0.00        A        0           

030307380

    081        2        2,095,390.62        6/6/16        12,032.68        36,044.56        95.63        0.00        2        13        7/18/16         

030307382

    083        <1        1,932,860.04        8/6/16        11,842.67        11,826.03        0.00        0.00        A        0           

 

Reports Available at sf.citidirect.com   Page 15 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Historical Delinquency Information

 

    Less Than 1 Month     1 Month     2 Months     3 Months     4+ Months     Bankruptcy     Foreclosure     REO  

Distribution Date

  End Sched
Bal
    #     End Sched
Bal
    #     End Sched
Bal
    #     End Sched
Bal
    #     End Sched
Bal
    #     End Sched
Bal
    #     End Sched
Bal
    #     End Sched
Bal
    #  

09/12/2016

    285,956,289.73        16        0.00        0        2,088,012.86        1        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0   
    23.527     19.3     0.000     0.0     0.172     1.2     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0

08/12/2016

    136,800,000.00        3        2,090,379.28        1        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0   
    11.248     3.6     0.172     1.2     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0

07/12/2016

    289,721,242.85        7        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0   
    23.807     8.4     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0

06/10/2016

    168,903,332.20        5        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0   
    13.871     6.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0

05/12/2016

    190,998,785.65        6        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0   
    15.678     7.2     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0

04/12/2016

    185,580,373.90        6        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0   
    15.225     7.2     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0

03/11/2016

    97,000,000.00        1        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0   
    7.954     1.2     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0

02/12/2016

    118,694,874.89        3        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0   
    9.727     3.6     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0

01/12/2016

    132,148,165.52        3        12,330,000.00        1        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0   
    10.825     3.6     1.010     1.2     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0

12/11/2015

    118,757,231.09        4        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0   
    9.723     4.8     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0

11/13/2015

    115,326,956.30        7        12,330,000.00        1        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0   
    9.437     8.4     1.009     1.2     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0

10/13/2015

    124,799,248.21        4        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0   
    10.207     4.8     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0

 

Reports Available at sf.citidirect.com   Page 16 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Appraisal Reduction Detail

 

Loan Number

   OMCR      Property Name      Appraisal
Reduction Amount
     Appraisal
Reduction Date
     Most Recent
ASER Amount
     Cumulative
ASER Amount
 
There is no appraisal reduction activity for the current distribution period.   

Totals

                 

 

Reports Available at sf.citidirect.com   Page 17 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Historical Appraisal Reduction Detail

 

Distribution Date

   Loan
Number
   OMCR    Property Name    Appraisal
Reduction Amount
   Appraisal
Reduction Date
   Most Recent
ASER Amount
   Cumulative
ASER Amount
There is no historical appraisal reduction activity.

 

Reports Available at sf.citidirect.com   Page 18 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Loan Modification Detail

 

Loan Number

   OMCR      Property Name      Modification
Date
     Modification
Type (4)
     Modification
Description
 
There is no loan modification activity for the current distribution period.   

Totals

              

 

Reports Available at sf.citidirect.com   Page 19 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Historical Loan Modification Detail

 

Distribution Date

   Loan
Number
   OMCR    Property Name    Modification
Date
   Modification
Type (4)
   Modification
Description
There is no historical loan modification activity.

 

Reports Available at sf.citidirect.com   Page 20 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Specially Serviced Loan Detail

 

Loan Number

  OMCR     Workout
Strategy
(3)
    Most Recent
Inspection
Date
    Most Recent
Specially Serviced
Transfer Date
    Most Recent
Valuation Date
    Most Recent
Value
    Other REO
Property Value
    Comment from Special Servicer

030307380

    081        13          7/18/16        2/13/14        3,330,000.00        0.00      See the loan supplemental file for comments.
 

 

 

           

 

 

   

 

 

   

Totals

    1                3,330,000.00        0.00     
 

 

 

           

 

 

   

 

 

   

 

Reports Available at sf.citidirect.com   Page 21 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Historical Specially Serviced Loan Detail

 

Distribution
Date

 

Loan
Number

 

OMCR

 

Special
Serviced
Trans Date

  Workout
Strategy
(3)
   

Special
Serviced
Loan to MS

 

Scheduled
Balance

 

Actual
Balance

  Property
Type
(1)
   

State

 

Interest
Rate

 

Note
Date

  Net Operating
Income (NOI)
   

DSCR

 

Maturity
Date

 

WART

9/12/16

  030307380   081   7/18/16     13        2,088,012.86   2,095,390.62     3      TX   5.370%       160,082.36      1.11%   7/6/24   94

8/12/16

  030307380   081   7/18/16     13        2,090,379.28   2,095,390.62     3      TX   5.370%       160,082.36      1.11%   7/6/24   95

 

Reports Available at sf.citidirect.com   Page 22 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Unscheduled Principal Detail

 

Loan
Number

   OMCR      Liquidation /
Prepayment Date
     Liquid / Prepay
Type (5)
     Unscheduled
Principal Collections
     Unscheduled
Principal Adjustments
     Other
Interest Adjustments
     Prepayment Interest
Excess / (Shortfall)
     Prepayment
Penalties
     Yield Maintenance
Penalties
 
There is no unscheduled principal activity for the current distribution period.   

Totals

                          

 

Reports Available at sf.citidirect.com   Page 23 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Historical Unscheduled Principal Detail

 

Distribution
Date

   Loan
Number
     OMCR      Liquidation /
Prepayment Date
     Liquid /
Prepay Type (5)
     Unscheduled
Principal Collections
     Unscheduled
Principal Adjustments
     Other
Interest Adjustments
     Prepayment Interest
Excess / (Shortfall)
     Prepayment
Penalties
     Yield Maintenance
Penalties
 

9/14/15

     030307334         015         9/9/15         1         1,400,000.00         0.00         0.00         0.00         309,078.56         309,078.56   

 

Reports Available at sf.citidirect.com   Page 24 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Liquidated Loan Detail

 

Loan
Number

   OMCR      Final Recovery
Determ Date
     Most Recent
Appraisal Date
     Most Recent
Appraisal Value
     Actual
Balance
     Gross
Proceeds
     Proceeds
as % of Act Bal
     Liquidation
Expenses
     Net Liquidation
Proceeds
     Net Proceeds
as a % of Act Bal
     Realized
Losses
     Repurchased by
Seller (Y/N)
 
There is no liquidated loan activity for the current distribution period.   

Totals

                                   

 

Reports Available at sf.citidirect.com   Page 25 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

Historical Liquidated Loan Detail

 

Distribution Date

   Loan
Number
   OMCR    Final Recovery
Determ Date
   Most Recent
Appraisal Date
   Most Recent
Appraisal Value
   Actual
Balance
   Gross
Proceeds
   Gross Proceeds
as % of Act Bal
   Liquidation
Expenses
   Net Liquidation
Proceeds
   Net Proceeds
as a % of Act Bal
   Realized
Loss
   Repurchased by
Seller (Y/N)
There is no historical liquidated loan activity.

 

Reports Available at sf.citidirect.com   Page 26 of 27   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

09/12/2016

09/06/2016

 

Citigroup Commercial Mortgage Trust 2014-GC23

Commercial Mortgage Pass-Through Certificates

Series 2014-GC23

    LOGO

 

CREFC® Legends

 

(1) Property Type

  

(3) Workout Strategy

  

(5) Liquidation / Prepayment Type

MF = Multifamily    1. Modification    1. Partial Liquidation (Curtailment)
RT = Retail    2. Foreclosure    2. Payoff Prior To Maturity
HC = HealthCare    3. Bankruptcy    3. Disposition / Liquidation
IN = Industrial    4. Extension    4. Repurchase / Substitution
WH = Warehouse    5. Note Sale    5. Full Payoff At Maturity
MH = Mobile Home Park    6. DPO    6. DPO
OF = Office    7. REO    7. Not Used
MU = Mixed Use    8. Resolved    8. Payoff With Penalty
LO = Lodging    9. Pending Return to Master Servicer    9. Payoff With Yield Maintenance
SS = Self Storage    10. Deed In Lieu of Foreclosure    10. Curtailment With Penalty
OT = Other    11. Full Payoff    11. Curtailment With Yield Maintenance
SE = Securities    12. Reps and Warranties   
CH = Cooperative Housing    13. Other or TBD   
N/A = Not Available    98. Not Provided By Servicer   

(2) Payment Status

  

(4) Modification Type

    
A. In Grace Period    1. Maturity Date Extension   
B. Late, but less than 30 Days    2. Amortization Change   
0. Current    3. Principal Write-Off   
1. 30-59 Days Delinquent    4. Blank (formerly Combination)   
2. 60-89 Days Delinquent    5. Temporary Rate Reduction   
3. 90+ Days Delinquent    6. Capitalization of Interest   
4. Performing Matured Balloon    7. Capitalization of Taxes   
5. Non Performing Matured Balloon    8. Other   
98. Not Provided By Servicer    9. Combination   

 

Reports Available at sf.citidirect.com   Page 27 of 27   © Copyright 2016 Citigroup


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