Form 10-D Morgan Stanley Capital For: Dec 02
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: October 18, 2016 to November 18, 2016
Commission File Number of issuing entity: 333-206582-01
Central Index Key Number of issuing entity: 0001664682
Morgan Stanley Capital I Trust 2016-UBS9
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor: 333-206582
Central Index Key Number of depositor: 0001547361
Morgan Stanley Capital I Inc.
(Exact name of depositor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001541886
UBS Real Estate Securities Inc.
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001541557
Morgan Stanley Mortgage Capital Holdings LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001102113
Bank of America, National Association
(Exact name of sponsor as specified in its charter)
Jane Lam (212) 761-4000
(Name and telephone number, including area code, of the person to contact in connection with this filing)
New York
(State or other jurisdiction of incorporation or organization of the issuing entity)
38-3991339
38-3991340
38-7145096
(I.R.S. Employer Identification No.)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices of the issuing entity) (Zip Code)
(410) 884‑2000
(Telephone number, including area code)
Not Applicable
(Former name, former address, if changed since last report)
Registered/reporting pursuant to (check one)
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Title of Class |
Section 12(b) |
Section 12(g) |
Section 15(d) |
Name of Exchange (If Section 12(b)) |
A‑1 |
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X |
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A‑2 |
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|
X |
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A-3 |
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X |
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A-4 |
|
|
X |
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X-A |
|
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X |
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X-B |
|
|
X |
|
A‑S |
|
|
X |
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B |
|
|
X |
|
C |
|
|
X |
|
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No
Part I - DISTRIBUTION INFORMATION
Item 1. Distribution and Pool Performance Information.
On November 18, 2016 a distribution was made to holders of the certificates issued by Morgan Stanley Capital I Trust 2016-UBS9.
The distribution report is attached as an Exhibit to this Form 10-D, please see Item 10(b), Exhibit 99.1 for the related information.
No assets securitized by Morgan Stanley Mortgage Capital Holdings LLC, Bank of America, National Association, UBS Real Estate Securities Inc. (each a "Securitizer") and held by Morgan Stanley Capital I Trust 2016-UBS9 were the subject of a demand to repurchase or replace for breach of the representations and warranties during the monthly distribution period from October 18, 2016 to November 18, 2016.
UBS Real Estate Securities Inc. filed its most recent Form ABS-15G on November 9, 2016. The CIK number of UBS Real Estate Securities Inc. is 0001541886.
Morgan Stanley Mortgage Capital Holdings LLC filed its most recent Form ABS-15G on November 14, 2016. The CIK number of Morgan Stanley Mortgage Capital Holdings LLC is 0001541557.
Bank of America, National Association filed its most recent Form ABS-15G on November 8, 2016. The CIK number of Bank of America, National Association is 0001102113.
Part II - OTHER INFORMATION
Item 2. Legal Proceedings.
On June 18, 2014, a group of institutional investors filed a civil complaint in the Supreme Court of the State of New York, New York County, against Wells Fargo Bank, N.A., in its capacity as trustee under 276 residential mortgage backed securities (“RMBS”) trusts, which was later amended on July 18, 2014, to increase the number of trusts to 284 RMBS trusts. On November 24, 2014, the plaintiffs filed a motion to voluntarily dismiss the state court action without prejudice. That same day, a group of institutional investors filed a civil complaint in the United States District Court for the Southern District of New York (the “District Court”) against Wells Fargo Bank, alleging claims against the bank in its capacity as trustee for 274 RMBS trusts (the “Complaint”). In December 2014, the plaintiffs’ motion to voluntarily dismiss their original state court action was granted. As with the prior state court action, the Complaint is one of six similar complaints filed contemporaneously against RMBS trustees (Deutsche Bank, Citibank, HSBC, Bank of New York Mellon and US Bank) by a group of institutional investor plaintiffs. The Complaint against Wells Fargo Bank alleges that the trustee caused losses to investors and asserts causes of action based upon, among other things, the trustee's alleged failure to (i) enforce repurchase obligations of mortgage loan sellers for purported breaches of representations and warranties, (ii) notify investors of alleged events of default purportedly caused by breaches by mortgage loan servicers, and (iii) abide by appropriate standards of care following alleged events of default. Relief sought includes money damages in an unspecified amount, reimbursement of expenses, and equitable relief. Other cases alleging similar causes of action have been filed against Wells Fargo Bank and other trustees in the same court by RMBS investors in these and other transactions, and these cases have been consolidated before the same judge. A similar case was filed in NY state court by a different investor. On January 19, 2016, an order was entered in connection with the Complaint in which the District Court declined to exercise jurisdiction over 261 trusts at issue in the Complaint; the District Court also allowed Plaintiffs to file amended complaints if they so chose, and three amended complaints have been filed. On March 28, 2016, the BlackRock Plaintiffs filed a new complaint in state court in San Francisco with regard to the trusts that had been dismissed in the District Court’s January 19 Order; that action was dismissed on September 28, 2016 and the court held that any claims relating to the trusts at issue must be filed in New York state court. Motions to Dismiss all of the actions are pending. There can be no assurances as to the outcome of the litigation, or the possible impact of the litigation on the trustee or the RMBS trusts. However, Wells Fargo Bank denies liability and believes that it has performed its obligations under the RMBS trusts in good faith, that its actions were not the cause of any losses to investors, and that it has meritorious defenses, and it intends to contest the plaintiffs’ claims vigorously.
Item 9. Other Information.
KeyBank National Association, in its capacity as Master Servicer for Morgan Stanley Capital I Trust 2016-UBS9, affirms the following amounts in the respective accounts:
Collection Account Balance |
||
Prior Distribution Date: |
10/17/2016 |
$0.00 |
Current Distribution Date: |
11/18/2016 |
$0.00 |
REO Account Balance |
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Prior Distribution Date: |
10/17/2016 |
$0.00 |
Current Distribution Date: |
11/18/2016 |
$0.00 |
Wells Fargo Bank, N.A., in its capacity as Certificate Administrator for Morgan Stanley Capital I Trust 2016-UBS9, affirms the following amounts in the respective accounts:
Distribution Account Balance |
||
Prior Distribution Date: |
10/17/2016 |
$4,983.28 |
Current Distribution Date: |
11/18/2016 |
$5,146.23 |
Interest Reserve Account Balance |
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Prior Distribution Date: |
10/17/2016 |
$0.00 |
Current Distribution Date: |
11/18/2016 |
$0.00 |
Gain-on-Sale Reserve Account |
||
Prior Distribution Date: |
10/17/2016 |
$0.00 |
Current Distribution Date: |
11/18/2016 |
$0.00 |
Item 10. Exhibits.
(a) The following is a list of documents filed as part of this Report on Form 10-D:
|
|
(99.1) |
Monthly report distributed to holders of the certificates issued by Morgan Stanley Capital I Trust 2016-UBS9, relating to the November 18, 2016 distribution. |
(b) The exhibits required to be filed by the Registrant pursuant to this Form 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.
Morgan Stanley Capital I Inc.
(Depositor)
/s/ George Kok
George Kok, President
Date: December 1, 2016
EXHIBIT INDEX
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Exhibit Number |
Description |
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EX‑99.1 |
Monthly report distributed to holders of the certificates issued by Morgan Stanley Capital I Trust 2016-UBS9, relating to the November 18, 2016 distribution. |
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Wells Fargo Bank, N.A.
Corporate Trust Services
8480 Stagecoach Circle
Frederick, MD 21701-4747
Morgan Stanley Capital I Trust 2016-UBS9
Commercial Mortgage Pass-Through Certificates
Series 2016‑UBS9
For Additional Information, please contact
CTSLink Customer Service
1-866-846-4526
Reports Available www.ctslink.com
Payment Date: 11/18/16
Record Date: 10/31/16
Determination Date: 11/14/16
DISTRIBUTION DATE STATEMENT
Table of Contents
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STATEMENT SECTIONS |
PAGE(s) |
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Certificate Distribution Detail |
2 |
|||||
Certificate Factor Detail |
3 |
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Reconciliation Detail |
4 |
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Other Required Information |
5 |
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Cash Reconciliation |
6 |
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Current Mortgage Loan and Property Stratification Tables |
7 - 9 |
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Mortgage Loan Detail |
10 - 11 |
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NOI Detail |
12 |
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Principal Prepayment Detail |
13 |
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Historical Detail |
14 |
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Delinquency Loan Detail |
15 |
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Specially Serviced Loan Detail |
16 - 17 |
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Advance Summary |
18 |
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Modified Loan Detail |
19 |
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Historical Liquidated Loan Detail |
20 |
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Historical Bond/Collateral Loss Reconciliation Detail |
21 |
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Interest Shortfall Reconciliation Detail |
22 - 23 |
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Depositor
Morgan Stanley Capital I Inc.
1585 Broadway
New York, NY 10036
Contact: General Information Number
Phone Number: (212) 761-4000
Master Servicer
KeyBank National Association
11501 Outlook Street
Suite 300
Overland Park, KS 66211
Contact: Andy Lindenman
Phone Number: (913) 317-4372
Special Servicer
CWCapital Asset Management LLC
7501 Wisconsin Avenue
Suite 500 W
Bethesda, MD 20814
Contact: Brian Hanson
Phone Number: (202) 715-9500
Operating Advisor / Asset Representations Reviewer
Park Bridge Lender Services LLC
600 Third Avenue
40th Floor
New York, NY 10016
Contact: David Rodgers
Phone Number: (212) 230-9025
This report is compiled by Wells Fargo Bank, N.A. from information provided by third parties. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of the information.
Please visit www.ctslink.com for additional information and special notices. In addition, certificateholders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526.
Copyright 2016, Wells Fargo Bank, N.A.
Certificate Distribution Detail
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Class |
CUSIP |
Pass-Through |
Original |
Beginning |
Principal |
Interest |
Prepayment |
Realized Loss / Fund Expenses |
Total |
Ending |
Current |
|||
A‑1 |
61766CAA7 |
1.711000% |
29,800,000.00 |
27,178,681.26 |
365,625.90 |
38,752.27 |
0.00 |
0.00 |
404,378.17 |
26,813,055.36 |
30.14% |
|||
A‑2 |
61766CAB5 |
2.982000% |
73,500,000.00 |
73,500,000.00 |
0.00 |
182,647.50 |
0.00 |
0.00 |
182,647.50 |
73,500,000.00 |
30.14% |
|||
A‑SB |
61766CAF6 |
3.340000% |
46,100,000.00 |
46,100,000.00 |
0.00 |
128,311.67 |
0.00 |
0.00 |
128,311.67 |
46,100,000.00 |
30.14% |
|||
A‑3 |
61766CAD1 |
3.329000% |
125,000,000.00 |
125,000,000.00 |
0.00 |
346,770.83 |
0.00 |
0.00 |
346,770.83 |
125,000,000.00 |
30.14% |
|||
A‑4 |
61766CAE9 |
3.594000% |
192,226,000.00 |
192,226,000.00 |
0.00 |
575,716.87 |
0.00 |
0.00 |
575,716.87 |
192,226,000.00 |
30.14% |
|||
A‑S |
61766CAG4 |
3.903000% |
47,496,000.00 |
47,496,000.00 |
0.00 |
154,480.74 |
0.00 |
0.00 |
154,480.74 |
47,496,000.00 |
22.98% |
|||
B |
61766CAK5 |
4.681183% |
39,997,000.00 |
39,997,000.00 |
0.00 |
156,027.72 |
0.00 |
0.00 |
156,027.72 |
39,997,000.00 |
16.95% |
|||
C |
61766CAL3 |
4.697183% |
29,997,000.00 |
29,997,000.00 |
0.00 |
117,417.82 |
0.00 |
0.00 |
117,417.82 |
29,997,000.00 |
12.43% |
|||
D |
61766CAV1 |
3.000000% |
34,164,000.00 |
34,164,000.00 |
0.00 |
85,410.00 |
0.00 |
0.00 |
85,410.00 |
34,164,000.00 |
7.28% |
|||
E |
61766CAX7 |
3.447183% |
14,999,000.00 |
14,999,000.00 |
0.00 |
43,086.91 |
0.00 |
0.00 |
43,086.91 |
14,999,000.00 |
5.02% |
|||
F |
61766CAZ2 |
3.447183% |
6,666,000.00 |
6,666,000.00 |
0.00 |
19,149.10 |
0.00 |
0.00 |
19,149.10 |
6,666,000.00 |
4.02% |
|||
G |
61766CBB4 |
3.447183% |
6,666,000.00 |
6,666,000.00 |
0.00 |
19,149.10 |
0.00 |
0.00 |
19,149.10 |
6,666,000.00 |
3.01% |
|||
H |
61766CBH1 |
3.447183% |
19,998,197.00 |
19,998,197.00 |
0.00 |
57,447.86 |
0.00 |
0.00 |
57,447.86 |
19,998,197.00 |
0.00% |
|||
V |
61766CBE8 |
0.000000% |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
|||
R |
61766CBF5 |
0.000000% |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00% |
|||
|
||||||||||||||
Totals |
666,609,197.00 |
663,987,878.26 |
365,625.90 |
1,924,368.39 |
0.00 |
0.00 |
2,289,994.29 |
663,622,252.36 |
||||||
|
|
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Class |
CUSIP |
Pass- |
Original |
Beginning |
Interest |
Prepayment |
Total |
Ending |
|||||
X‑A |
61766CAH2 |
1.407046% |
466,626,000.00 |
464,004,681.26 |
544,063.14 |
0.00 |
544,063.14 |
463,639,055.36 |
|||||
X‑B |
61766CAJ8 |
0.438440% |
87,493,000.00 |
87,493,000.00 |
31,967.04 |
0.00 |
31,967.04 |
87,493,000.00 |
|||||
X‑D |
61766CAM1 |
1.697183% |
34,164,000.00 |
34,164,000.00 |
48,318.79 |
0.00 |
48,318.79 |
34,164,000.00 |
|||||
X‑E |
61766CAP4 |
1.250000% |
14,999,000.00 |
14,999,000.00 |
15,623.96 |
0.00 |
15,623.96 |
14,999,000.00 |
|||||
X‑FG |
61766CAR0 |
1.250000% |
13,332,000.00 |
13,332,000.00 |
13,887.50 |
0.00 |
13,887.50 |
13,332,000.00 |
|||||
X‑H |
61766CAT6 |
1.250000% |
19,998,197.00 |
19,998,197.00 |
20,831.46 |
0.00 |
20,831.46 |
19,998,197.00 |
|||||
|
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(1) Calculated by taking (A) the sum of the ending certificate balance of all classes less (B) the sum of (i) the ending certificate balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate to the designated class and dividing the result by (A). |
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Certificate Factor Detail
|
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Class |
CUSIP |
Beginning |
Principal |
Interest |
Prepayment |
Realized Loss/ |
Ending |
||||||
A‑1 |
61766CAA7 |
912.03628389 |
12.26932550 |
1.30041174 |
0.00000000 |
0.00000000 |
899.76695839 |
||||||
A‑2 |
61766CAB5 |
1,000.00000000 |
0.00000000 |
2.48500000 |
0.00000000 |
0.00000000 |
1,000.00000000 |
||||||
A‑SB |
61766CAF6 |
1,000.00000000 |
0.00000000 |
2.78333341 |
0.00000000 |
0.00000000 |
1,000.00000000 |
||||||
A‑3 |
61766CAD1 |
1,000.00000000 |
0.00000000 |
2.77416664 |
0.00000000 |
0.00000000 |
1,000.00000000 |
||||||
A‑4 |
61766CAE9 |
1,000.00000000 |
0.00000000 |
2.99500000 |
0.00000000 |
0.00000000 |
1,000.00000000 |
||||||
A‑S |
61766CAG4 |
1,000.00000000 |
0.00000000 |
3.25250000 |
0.00000000 |
0.00000000 |
1,000.00000000 |
||||||
B |
61766CAK5 |
1,000.00000000 |
0.00000000 |
3.90098557 |
0.00000000 |
0.00000000 |
1,000.00000000 |
||||||
C |
61766CAL3 |
1,000.00000000 |
0.00000000 |
3.91431877 |
0.00000000 |
0.00000000 |
1,000.00000000 |
||||||
D |
61766CAV1 |
1,000.00000000 |
0.00000000 |
2.50000000 |
0.00000000 |
0.00000000 |
1,000.00000000 |
||||||
E |
61766CAX7 |
1,000.00000000 |
0.00000000 |
2.87265218 |
0.00000000 |
0.00000000 |
1,000.00000000 |
||||||
F |
61766CAZ2 |
1,000.00000000 |
0.00000000 |
2.87265227 |
0.00000000 |
0.00000000 |
1,000.00000000 |
||||||
G |
61766CBB4 |
1,000.00000000 |
0.00000000 |
2.87265227 |
0.00000000 |
0.00000000 |
1,000.00000000 |
||||||
H |
61766CBH1 |
1,000.00000000 |
0.00000000 |
2.87265197 |
0.00000000 |
0.00000000 |
1,000.00000000 |
||||||
V |
61766CBE8 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
||||||
R |
61766CBF5 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
0.00000000 |
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|
|
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Class |
CUSIP |
Beginning |
Interest |
Prepayment |
Ending |
|||||
X‑A |
61766CAH2 |
994.38239888 |
1.16595119 |
0.00000000 |
993.59884653 |
|||||
X‑B |
61766CAJ8 |
1,000.00000000 |
0.36536683 |
0.00000000 |
1,000.00000000 |
|||||
X‑D |
61766CAM1 |
1,000.00000000 |
1.41431887 |
0.00000000 |
1,000.00000000 |
|||||
X‑E |
61766CAP4 |
1,000.00000000 |
1.04166678 |
0.00000000 |
1,000.00000000 |
|||||
X‑FG |
61766CAR0 |
1,000.00000000 |
1.04166667 |
0.00000000 |
1,000.00000000 |
|||||
X‑H |
61766CAT6 |
1,000.00000000 |
1.04166691 |
0.00000000 |
1,000.00000000 |
|||||
|
Reconciliation Detail
Principal Reconciliation
|
||||||||||||||||||
Loan |
Stated Beginning |
Unpaid Beginning Principal |
Scheduled |
Unscheduled |
Principal |
Realized |
Stated Ending |
Unpaid Ending |
Current Principal Distribution |
|||||||||
|
||||||||||||||||||
Total |
663,987,878.27 |
663,987,878.27 |
365,625.90 |
0.00 |
0.00 |
0.00 |
663,622,252.37 |
663,622,252.37 |
365,625.90 |
|||||||||
|
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|
Certificate Interest Reconciliation
|
|||||||||||||||||||
Class |
Accrual |
Accrual |
Accrued |
Net Aggregate Prepayment |
Distributable Certificate |
Distributable Certificate |
WAC CAP |
Interest |
Interest |
Remaining Unpaid |
|||||||||
A‑1 |
10/01/2016 - 10/30/2016 |
30 |
38,752.27 |
0.00 |
38,752.27 |
0.00 |
0.00 |
0.00 |
38,752.27 |
0.00 |
|||||||||
A‑2 |
10/01/2016 - 10/30/2016 |
30 |
182,647.50 |
0.00 |
182,647.50 |
0.00 |
0.00 |
0.00 |
182,647.50 |
0.00 |
|||||||||
A‑SB |
10/01/2016 - 10/30/2016 |
30 |
128,311.67 |
0.00 |
128,311.67 |
0.00 |
0.00 |
0.00 |
128,311.67 |
0.00 |
|||||||||
A‑3 |
10/01/2016 - 10/30/2016 |
30 |
346,770.83 |
0.00 |
346,770.83 |
0.00 |
0.00 |
0.00 |
346,770.83 |
0.00 |
|||||||||
A‑4 |
10/01/2016 - 10/30/2016 |
30 |
575,716.87 |
0.00 |
575,716.87 |
0.00 |
0.00 |
0.00 |
575,716.87 |
0.00 |
|||||||||
X‑A |
10/01/2016 - 10/30/2016 |
30 |
544,063.14 |
0.00 |
544,063.14 |
0.00 |
0.00 |
0.00 |
544,063.14 |
0.00 |
|||||||||
X‑B |
10/01/2016 - 10/30/2016 |
30 |
31,967.04 |
0.00 |
31,967.04 |
0.00 |
0.00 |
0.00 |
31,967.04 |
0.00 |
|||||||||
X‑D |
10/01/2016 - 10/30/2016 |
30 |
48,318.79 |
0.00 |
48,318.79 |
0.00 |
0.00 |
0.00 |
48,318.79 |
0.00 |
|||||||||
X‑E |
10/01/2016 - 10/30/2016 |
30 |
15,623.96 |
0.00 |
15,623.96 |
0.00 |
0.00 |
0.00 |
15,623.96 |
0.00 |
|||||||||
X‑FG |
10/01/2016 - 10/30/2016 |
30 |
13,887.50 |
0.00 |
13,887.50 |
0.00 |
0.00 |
0.00 |
13,887.50 |
0.00 |
|||||||||
X‑H |
10/01/2016 - 10/30/2016 |
30 |
20,831.46 |
0.00 |
20,831.46 |
0.00 |
0.00 |
0.00 |
20,831.46 |
0.00 |
|||||||||
A‑S |
10/01/2016 - 10/30/2016 |
30 |
154,480.74 |
0.00 |
154,480.74 |
0.00 |
0.00 |
0.00 |
154,480.74 |
0.00 |
|||||||||
B |
10/01/2016 - 10/30/2016 |
30 |
156,027.72 |
0.00 |
156,027.72 |
0.00 |
0.00 |
0.00 |
156,027.72 |
0.00 |
|||||||||
C |
10/01/2016 - 10/30/2016 |
30 |
117,417.82 |
0.00 |
117,417.82 |
0.00 |
0.00 |
0.00 |
117,417.82 |
0.00 |
|||||||||
D |
10/01/2016 - 10/30/2016 |
30 |
85,410.00 |
0.00 |
85,410.00 |
0.00 |
0.00 |
0.00 |
85,410.00 |
0.00 |
|||||||||
E |
10/01/2016 - 10/30/2016 |
30 |
43,086.91 |
0.00 |
43,086.91 |
0.00 |
0.00 |
0.00 |
43,086.91 |
0.00 |
|||||||||
F |
10/01/2016 - 10/30/2016 |
30 |
19,149.10 |
0.00 |
19,149.10 |
0.00 |
0.00 |
0.00 |
19,149.10 |
0.00 |
|||||||||
G |
10/01/2016 - 10/30/2016 |
30 |
19,149.10 |
0.00 |
19,149.10 |
0.00 |
0.00 |
0.00 |
19,149.10 |
0.00 |
|||||||||
H |
10/01/2016 - 10/30/2016 |
30 |
57,447.86 |
0.00 |
57,447.86 |
0.00 |
0.00 |
0.00 |
57,447.86 |
10.31 |
|||||||||
|
|||||||||||||||||||
Totals |
2,599,060.28 |
0.00 |
2,599,060.28 |
0.00 |
0.00 |
0.00 |
2,599,060.28 |
10.31 |
|||||||||||
|
Other Required Information |
||||||||
|
||||||||
Available Distribution Amount (1) |
2,964,686.18 |
|||||||
|
||||||||
|
||||||||
|
Controlling Class Information
Controlling Class: H
Effective as of: 3/8/2016
(1) The Available Distribution Amount includes any Prepayment Premiums.
Appraisal Reduction Amount |
||||||||
Loan |
Loan |
Appraisal |
Cumulative |
Date Appraisal |
||||
None |
||||||||
|
||||||||
Total |
|
|||||||
|
||||||||
Cash Reconciliation Detail |
||||||||
|
||||||||
Total Funds Collected |
||||||||
Interest: |
||||||||
Scheduled Interest |
2,612,768.41 |
|||||||
Interest reductions due to Nonrecoverability Determinations |
0.00 |
|||||||
Interest Adjustments |
0.00 |
|||||||
Deferred Interest |
0.00 |
|||||||
ARD Interest |
0.00 |
|||||||
Net Prepayment Interest Shortfall |
0.00 |
|||||||
Net Prepayment Interest Excess |
0.00 |
|||||||
Extension Interest |
0.00 |
|||||||
Interest Reserve Withdrawal |
0.00 |
|||||||
Total Interest Collected |
2,612,768.41 |
|||||||
|
||||||||
Principal: |
||||||||
Scheduled Principal |
365,625.90 |
|||||||
Unscheduled Principal |
0.00 |
|||||||
Principal Prepayments |
0.00 |
|||||||
Collection of Principal after Maturity Date |
0.00 |
|||||||
Recoveries from Liquidation and Insurance Proceeds |
0.00 |
|||||||
Excess of Prior Principal Amounts paid |
0.00 |
|||||||
Curtailments |
0.00 |
|||||||
Negative Amortization |
0.00 |
|||||||
Principal Adjustments |
0.00 |
|||||||
Total Principal Collected |
365,625.90 |
|||||||
Other: |
||||||||
Prepayment Penalties/Yield Maintenance |
0.00 |
|||||||
Repayment Fees |
0.00 |
|||||||
Borrower Option Extension Fees |
0.00 |
|||||||
Excess Liquidation Proceeds |
0.00 |
|||||||
Net Swap Counterparty Payments Received |
0.00 |
|||||||
Total Other Collected: |
0.00 |
|||||||
Total Funds Collected |
2,978,394.31 |
|||||||
Total Funds Distributed |
||||||||
Fees: |
||||||||
Master Servicing Fee - KeyBank, N.A. |
6,259.80 |
|||||||
Trustee Fee - Wells Fargo Bank, N.A. |
0.00 |
|||||||
Certificate Administrator Fee - Wells Fargo Bank, N.A. |
5,145.91 |
|||||||
CREFC Royalty License Fee |
285.88 |
|||||||
Operating Advisor Fee - Park Bridge Lender Services LLC |
1,799.27 |
|||||||
Asset Representations Reviewer Fee - Park Bridge Lender Services LLC |
217.27 |
|||||||
Total Fees |
13,708.14 |
|||||||
Additional Trust Fund Expenses: |
||||||||
Reimbursement for Interest on Advances |
0.00 |
|||||||
ASER Amount |
0.00 |
|||||||
Special Servicing Fee |
0.00 |
|||||||
Rating Agency Expenses |
0.00 |
|||||||
Attorney Fees & Expenses |
0.00 |
|||||||
Bankruptcy Expense |
0.00 |
|||||||
Taxes Imposed on Trust Fund |
0.00 |
|||||||
Non-Recoverable Advances |
0.00 |
|||||||
Workout Delayed Reimbursement Amounts |
0.00 |
|||||||
Other Expenses |
0.00 |
|||||||
Total Additional Trust Fund Expenses |
0.00 |
|||||||
Interest Reserve Deposit |
0.00 |
|||||||
Payments to Certificateholders & Others: |
||||||||
Interest Distribution |
2,599,060.28 |
|||||||
Principal Distribution |
365,625.90 |
|||||||
Prepayment Penalties/Yield Maintenance |
0.00 |
|||||||
Borrower Option Extension Fees |
0.00 |
|||||||
Equity Payments Paid |
0.00 |
|||||||
Net Swap Counterparty Payments Paid |
0.00 |
|||||||
Total Payments to Certificateholders & Others |
2,964,686.18 |
|||||||
Total Funds Distributed |
2,978,394.32 |
|||||||
Current Mortgage Loan and Property Stratification Tables Aggregate Pool Scheduled Balance |
||||||||||
Scheduled |
# of |
Scheduled |
% of Agg. |
WAM |
WAC |
Weighted Avg |
||||
5,000,000 or less |
4 |
12,775,842.54 |
1.93 |
110 |
5.1377 |
1.478770 |
||||
5,000,001 to 10,000,000 |
10 |
77,312,157.76 |
11.65 |
110 |
4.7974 |
1.938695 |
||||
10,000,001 to 15,000,000 |
2 |
24,469,369.01 |
3.69 |
109 |
4.9125 |
1.433330 |
||||
15,000,001 to 20,000,000 |
4 |
70,510,731.94 |
10.63 |
109 |
4.8990 |
1.953506 |
||||
20,000,001 to 25,000,000 |
2 |
43,430,269.20 |
6.54 |
93 |
5.0664 |
2.147369 |
||||
25,000,001 to 50,000,000 |
5 |
196,800,000.00 |
29.66 |
118 |
4.5475 |
2.242141 |
||||
50,000,001 or greater |
4 |
238,323,881.92 |
35.91 |
101 |
4.2600 |
2.623739 |
||||
Totals |
31 |
663,622,252.37 |
100.00 |
108 |
4.5695 |
2.262442 |
||||
State (3) |
||||||||||
State |
# of |
Scheduled |
% of Agg. |
WAM |
WAC |
Weighted Avg |
||||
Alaska |
1 |
4,424,274.36 |
0.67 |
111 |
4.4000 |
2.160000 |
||||
Arizona |
17 |
7,712,491.05 |
1.16 |
76 |
3.8774 |
4.497309 |
||||
California |
21 |
97,515,323.62 |
14.69 |
106 |
4.7218 |
2.503521 |
||||
Colorado |
1 |
40,000,000.00 |
6.03 |
111 |
4.0970 |
2.790000 |
||||
Connecticut |
3 |
16,730,129.84 |
2.52 |
111 |
4.8546 |
1.479196 |
||||
Florida |
38 |
60,156,227.40 |
9.06 |
105 |
4.4998 |
2.494453 |
||||
Georgia |
21 |
28,247,028.17 |
4.26 |
99 |
4.4547 |
2.659832 |
||||
Illinois |
8 |
12,364,661.10 |
1.86 |
108 |
5.0781 |
1.643067 |
||||
Indiana |
3 |
5,639,180.07 |
0.85 |
111 |
4.5128 |
2.128389 |
||||
Kansas |
1 |
912,136.52 |
0.14 |
108 |
5.0781 |
1.970000 |
||||
Kentucky |
1 |
2,866,182.49 |
0.43 |
110 |
4.9500 |
1.310000 |
||||
Louisiana |
1 |
7,300,000.00 |
1.10 |
109 |
4.7450 |
1.720000 |
||||
Maryland |
1 |
7,100,000.00 |
1.07 |
110 |
5.0270 |
1.400000 |
||||
Massachusetts |
1 |
3,770,516.28 |
0.57 |
111 |
4.4000 |
2.160000 |
||||
Michigan |
6 |
9,203,824.67 |
1.39 |
109 |
5.0368 |
1.652659 |
||||
Mississippi |
4 |
25,592,788.32 |
3.86 |
109 |
4.8717 |
2.051764 |
||||
Missouri |
1 |
1,270,475.76 |
0.19 |
108 |
5.0781 |
1.970000 |
||||
New Jersey |
1 |
45,000,000.00 |
6.78 |
110 |
4.6726 |
1.384519 |
||||
New York |
1 |
62,000,000.00 |
9.34 |
108 |
4.1175 |
1.700000 |
||||
North Carolina |
2 |
1,992,726.00 |
0.30 |
110 |
4.5607 |
2.114962 |
||||
Ohio |
4 |
7,308,500.21 |
1.10 |
111 |
4.7245 |
1.915685 |
||||
Oregon |
5 |
5,523,999.22 |
0.83 |
102 |
4.2694 |
2.744253 |
||||
Pennsylvania |
21 |
31,551,968.69 |
4.75 |
99 |
4.1801 |
3.201115 |
||||
Tennessee |
4 |
1,475,982.06 |
0.22 |
72 |
3.8164 |
4.770000 |
||||
Texas |
33 |
94,194,193.64 |
14.19 |
107 |
4.5469 |
2.309032 |
||||
Utah |
4 |
2,416,779.86 |
0.36 |
72 |
3.8164 |
4.770000 |
||||
Virginia |
4 |
39,443,222.00 |
5.94 |
153 |
5.0289 |
2.555145 |
||||
Washington |
13 |
40,206,827.53 |
6.06 |
88 |
4.8717 |
1.744884 |
||||
Washington,DC |
1 |
1,702,813.49 |
0.26 |
111 |
4.4000 |
2.160000 |
||||
Totals |
222 |
663,622,252.37 |
100.00 |
108 |
4.5695 |
2.262442 |
||||
See footnotes on last page of this section. |
Debt Service Coverage Ratio (1) |
||||||||||
Debt Service |
# of |
Scheduled |
% of Agg. Bal. |
WAM |
WAC |
Weighted Avg DSCR (1) |
||||
1.30 or less |
1 |
8,370,804.59 |
1.26 |
111 |
4.8370 |
1.190000 |
||||
1.31 to 1.40 |
6 |
84,989,115.95 |
12.81 |
102 |
4.8769 |
1.364558 |
||||
1.41 to 1.50 |
3 |
39,749,108.24 |
5.99 |
110 |
5.0457 |
1.428206 |
||||
1.51 to 1.60 |
2 |
18,787,910.06 |
2.83 |
108 |
5.1036 |
1.554060 |
||||
1.61 to 1.80 |
3 |
72,116,718.06 |
10.87 |
108 |
4.2133 |
1.703196 |
||||
1.81 to 2.00 |
3 |
34,633,044.73 |
5.22 |
109 |
4.9570 |
1.942858 |
||||
2.01 to 2.25 |
4 |
121,620,491.93 |
18.33 |
110 |
4.5314 |
2.143644 |
||||
2.26 to 2.50 |
2 |
47,950,000.00 |
7.23 |
109 |
4.3747 |
2.444275 |
||||
2.51 to 3.00 |
5 |
120,072,312.67 |
18.09 |
124 |
4.6054 |
2.775966 |
||||
3.01 or greater |
1 |
56,000,000.00 |
8.44 |
72 |
3.8164 |
4.770000 |
||||
Totals |
31 |
663,622,252.37 |
100.00 |
108 |
4.5695 |
2.262442 |
||||
Note Rate |
||||||||||
Note Rate |
# of |
Scheduled |
% of Agg. |
WAM |
WAC |
Weighted Avg |
||||
4.500% or less |
7 |
287,121,135.78 |
43.27 |
102 |
4.1612 |
2.752305 |
||||
4.5001% to 5.0000% |
13 |
236,357,032.81 |
35.62 |
107 |
4.7145 |
1.798746 |
||||
5.0001% to 5.5000% |
10 |
135,112,086.76 |
20.36 |
122 |
5.1433 |
2.067716 |
||||
5.5001% or greater |
1 |
5,031,997.02 |
0.76 |
111 |
5.6500 |
1.320000 |
||||
Totals |
31 |
663,622,252.37 |
100.00 |
108 |
4.5695 |
2.262442 |
||||
See footnotes on last page of this section. |
Property Type (3) |
||||||||||
Property Type |
# of |
Scheduled |
% of Agg. |
WAM |
WAC |
Weighted Avg |
||||
Industrial |
152 |
130,720,769.16 |
19.70 |
93 |
4.3695 |
3.157776 |
||||
Lodging |
3 |
44,651,408.05 |
6.73 |
110 |
5.1699 |
2.267344 |
||||
Mobile Home Park |
2 |
14,249,343.06 |
2.15 |
109 |
4.7384 |
1.495020 |
||||
Multi‑Family |
3 |
26,336,744.01 |
3.97 |
109 |
4.9224 |
1.633404 |
||||
Office |
8 |
221,084,080.88 |
33.31 |
114 |
4.6301 |
1.814968 |
||||
Retail |
35 |
165,588,771.41 |
24.95 |
110 |
4.4764 |
2.355574 |
||||
Self Storage |
19 |
60,991,135.78 |
9.19 |
111 |
4.4000 |
2.160000 |
||||
Totals |
222 |
663,622,252.37 |
100.00 |
108 |
4.5695 |
2.262442 |
||||
Seasoning |
||||||||||
Seasoning |
# of |
Scheduled |
% of Agg. |
WAM |
WAC |
Weighted Avg |
||||
12 months or less |
31 |
663,622,252.37 |
100.00 |
108 |
4.5695 |
2.262442 |
||||
13 months to 24 months |
0 |
0.00 |
0.00 |
0 |
0.0000 |
0.000000 |
||||
25 months to 36 months |
0 |
0.00 |
0.00 |
0 |
0.0000 |
0.000000 |
||||
37 months to 48 months |
0 |
0.00 |
0.00 |
0 |
0.0000 |
0.000000 |
||||
49 months or greater |
0 |
0.00 |
0.00 |
0 |
0.0000 |
0.000000 |
||||
Totals |
31 |
663,622,252.37 |
100.00 |
108 |
4.5695 |
2.262442 |
||||
Anticipated Remaining Term (ARD and Balloon Loans) |
||||||||||
Anticipated |
# of |
Scheduled |
% of Agg. |
WAM |
WAC |
Weighted Avg |
||||
84 months or less |
2 |
76,687,956.53 |
11.56 |
73 |
4.1303 |
3.839300 |
||||
85 months to 120 months |
28 |
558,934,295.84 |
84.22 |
110 |
4.5986 |
2.022668 |
||||
121 months or greater |
1 |
28,000,000.00 |
4.22 |
171 |
5.1910 |
2.730000 |
||||
Totals |
31 |
663,622,252.37 |
100.00 |
108 |
4.5695 |
2.262442 |
||||
Remaining Amortization Term (ARD and Balloon Loans) |
||||||||||
Remaining |
# of |
Scheduled |
% of Agg. |
WAM |
WAC |
Weighted Avg |
||||
Interest Only |
6 |
173,530,000.00 |
26.15 |
98 |
4.1304 |
3.288665 |
||||
240 months or less |
1 |
2,789,962.08 |
0.42 |
111 |
5.2500 |
1.520000 |
||||
241 months to 300 months |
7 |
161,990,989.30 |
24.41 |
106 |
4.7090 |
1.893870 |
||||
301 months or greater |
17 |
325,311,300.99 |
49.02 |
115 |
4.7285 |
1.904927 |
||||
Totals |
31 |
663,622,252.37 |
100.00 |
108 |
4.5695 |
2.262442 |
||||
Age of Most Recent NOI |
||||||||||
Age of Most |
# of |
Scheduled |
% of Agg. |
WAM |
WAC |
Weighted Avg |
||||
Underwriter's Information |
9 |
233,655,566.99 |
35.21 |
109 |
4.3401 |
2.055942 |
||||
12 months or less |
22 |
429,966,685.38 |
64.79 |
107 |
4.6942 |
2.374659 |
||||
13 months to 24 months |
0 |
0.00 |
0.00 |
0 |
0.0000 |
0.000000 |
||||
25 months or greater |
0 |
0.00 |
0.00 |
0 |
0.0000 |
0.000000 |
||||
Totals |
31 |
663,622,252.37 |
100.00 |
108 |
4.5695 |
2.262442 |
||||
|
|
|||||||||
(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 |
||||||||||
|
Mortgage Loan Detail |
|||||||||||||||||||||
Loan |
ODCR |
Property |
City |
State |
Interest |
Principal |
Gross |
Anticipated |
Maturity |
Neg. |
Beginning |
Ending |
Paid |
Appraisal |
Appraisal |
Res. |
Mod. |
||||
10104658 |
1 |
OF |
New York |
NY |
219,828.75 |
0.00 |
4.117% |
N/A |
11/6/25 |
N |
62,000,000.00 |
62,000,000.00 |
11/6/16 |
|
|
|
|
||||
10104659 |
2 |
SS |
Various |
Various |
231,503.91 |
109,602.56 |
4.400% |
2/6/26 |
2/6/41 |
N |
61,100,738.34 |
60,991,135.78 |
11/6/16 |
|
|
|
|
||||
10104660 |
3 |
OF |
Dallas |
TX |
239,586.40 |
71,008.72 |
4.684% |
N/A |
2/6/26 |
N |
59,403,754.86 |
59,332,746.14 |
11/6/16 |
|
|
|
|
||||
10103348 |
4 |
IN |
Various |
Various |
184,035.80 |
0.00 |
3.816% |
N/A |
11/6/22 |
N |
56,000,000.00 |
56,000,000.00 |
11/6/16 |
|
|
|
|
||||
10104661 |
5 |
IN |
San Leandro |
CA |
179,691.50 |
0.00 |
4.637% |
N/A |
12/6/25 |
N |
45,000,000.00 |
45,000,000.00 |
11/6/16 |
|
|
|
|
||||
10104662 |
6 |
OF |
Lawrence Township |
NJ |
181,063.83 |
0.00 |
4.673% |
N/A |
1/1/26 |
N |
45,000,000.00 |
45,000,000.00 |
11/1/16 |
|
|
|
|
||||
10104663 |
7 |
RT |
Boulder |
CO |
141,118.89 |
0.00 |
4.097% |
N/A |
2/6/26 |
N |
40,000,000.00 |
40,000,000.00 |
11/6/16 |
|
|
|
|
||||
10104664 |
8 |
RT |
Ellenton |
FL |
143,617.66 |
0.00 |
4.298% |
N/A |
12/1/25 |
N |
38,800,000.00 |
38,800,000.00 |
11/1/16 |
|
|
|
|
||||
10104665 |
9 |
OF |
Richmond |
VA |
125,160.78 |
0.00 |
5.191% |
N/A |
2/6/31 |
N |
28,000,000.00 |
28,000,000.00 |
11/6/16 |
|
|
|
|
||||
10104666 |
10 |
LO |
Oxnard |
CA |
100,867.12 |
24,648.07 |
5.145% |
N/A |
1/1/26 |
N |
22,766,960.74 |
22,742,312.67 |
11/1/16 |
|
|
|
|
||||
10104667 |
11 |
OF |
Tumwater |
WA |
88,861.19 |
33,658.14 |
4.980% |
N/A |
2/6/23 |
N |
20,721,614.67 |
20,687,956.53 |
11/6/16 |
|
|
|
|
||||
10104668 |
12 |
RT |
Grove City |
PA |
74,201.94 |
0.00 |
4.309% |
N/A |
12/1/25 |
N |
20,000,000.00 |
20,000,000.00 |
11/1/16 |
|
|
|
|
||||
10104669 |
13 |
RT |
Various |
Various |
84,196.07 |
21,416.88 |
5.078% |
N/A |
11/6/25 |
N |
19,254,461.61 |
19,233,044.73 |
11/6/16 |
|
|
|
|
||||
10104670 |
14 |
Various |
Various |
Various |
70,033.86 |
17,814.45 |
5.078% |
N/A |
11/6/25 |
N |
16,015,762.43 |
15,997,947.98 |
11/6/16 |
|
|
|
|
||||
10104671 |
15 |
LO |
Tupelo |
MS |
69,302.73 |
23,662.98 |
5.259% |
N/A |
2/6/26 |
N |
15,303,402.21 |
15,279,739.23 |
11/6/16 |
|
|
|
|
||||
10104672 |
16 |
MF |
Vancouver |
WA |
57,420.46 |
14,324.36 |
5.109% |
N/A |
12/6/25 |
N |
13,051,068.37 |
13,036,744.01 |
11/6/16 |
|
|
|
|
||||
10104673 |
17 |
MH |
Marietta |
GA |
46,152.24 |
0.00 |
4.688% |
N/A |
12/1/25 |
N |
11,432,625.00 |
11,432,625.00 |
11/1/16 |
|
|
|
|
||||
10104674 |
18 |
RT |
Rancho Cucamonga |
CA |
39,282.34 |
0.00 |
4.853% |
N/A |
2/1/26 |
N |
9,400,000.00 |
9,400,000.00 |
11/1/16 |
|
|
|
|
||||
10104675 |
19 |
RT |
Gulfport |
MS |
34,936.57 |
0.00 |
4.348% |
N/A |
12/1/25 |
N |
9,330,000.00 |
9,330,000.00 |
11/1/16 |
|
|
|
|
||||
10104676 |
20 |
IN |
Norcross |
GA |
37,016.33 |
0.00 |
4.698% |
N/A |
12/1/25 |
N |
9,150,000.00 |
9,150,000.00 |
11/1/16 |
|
|
|
|
||||
10104677 |
21 |
RT |
Virginia Beach |
VA |
34,961.03 |
0.00 |
4.511% |
N/A |
1/6/26 |
N |
9,000,000.00 |
9,000,000.00 |
11/6/16 |
|
|
|
|
||||
10104678 |
22 |
IN |
Danbury |
CT |
34,924.18 |
13,962.10 |
4.837% |
N/A |
2/6/26 |
N |
8,384,766.69 |
8,370,804.59 |
11/6/16 |
|
|
|
|
||||
10104679 |
23 |
MF |
New Orleans |
LA |
29,827.60 |
0.00 |
4.745% |
N/A |
12/1/25 |
N |
7,300,000.00 |
7,300,000.00 |
11/1/16 |
|
|
|
|
||||
10104680 |
24 |
RT |
Finksburg |
MD |
30,734.52 |
0.00 |
5.027% |
N/A |
1/6/26 |
N |
7,100,000.00 |
7,100,000.00 |
11/6/16 |
|
|
|
|
||||
10104681 |
25 |
LO |
Oakland |
CA |
28,876.52 |
10,780.98 |
5.050% |
N/A |
12/6/25 |
N |
6,640,137.13 |
6,629,356.15 |
11/6/16 |
|
|
|
|
||||
10104682 |
26 |
MF |
Houston |
TX |
24,448.67 |
0.00 |
4.732% |
N/A |
12/1/25 |
N |
6,000,000.00 |
6,000,000.00 |
11/1/16 |
|
|
|
|
||||
10104683 |
27 |
IN |
Various |
FL |
24,517.38 |
7,259.57 |
5.650% |
N/A |
2/6/26 |
N |
5,039,256.59 |
5,031,997.02 |
11/6/16 |
|
|
|
|
||||
10104684 |
28 |
OF |
Branford |
CT |
19,723.68 |
4,479.37 |
5.317% |
N/A |
1/6/26 |
N |
4,307,459.28 |
4,302,979.91 |
11/6/16 |
|
|
|
|
||||
10104685 |
29 |
RT |
Glasgow |
KY |
12,230.95 |
3,248.38 |
4.950% |
N/A |
1/1/26 |
N |
2,869,430.87 |
2,866,182.49 |
11/1/16 |
|
|
|
|
||||
10104686 |
30 |
MH |
Nashville |
MI |
12,002.89 |
3,197.40 |
4.943% |
N/A |
1/1/26 |
N |
2,819,915.46 |
2,816,718.06 |
11/1/16 |
|
|
|
|
||||
10104687 |
31 |
IN |
Valley View |
OH |
12,642.62 |
6,561.94 |
5.250% |
N/A |
2/6/26 |
N |
2,796,524.02 |
2,789,962.08 |
11/6/16 |
|
|
|
|
||||
Totals |
2,612,768.41 |
365,625.90 |
663,987,878.27 |
663,622,252.37 |
0.00 |
||||||||||||||||
(1) Property Type Code |
|||||||||||||||||||||
MF - Multi-Family |
|||||||||||||||||||||
RT - Retail |
|||||||||||||||||||||
HC - Health Care |
|||||||||||||||||||||
IN - Industrial |
|||||||||||||||||||||
MH - Mobile Home Park |
|||||||||||||||||||||
OF - Office |
|||||||||||||||||||||
MU - Mixed Use |
|||||||||||||||||||||
LO - Lodging |
|||||||||||||||||||||
SS - Self Storage |
|||||||||||||||||||||
98 - Other |
|||||||||||||||||||||
SE - Securities |
|||||||||||||||||||||
CH - Cooperative Housing |
|||||||||||||||||||||
WH - Warehouse |
|||||||||||||||||||||
ZZ - Missing Information |
|||||||||||||||||||||
SF - Single Family |
|||||||||||||||||||||
(2) Resolution Strategy Code |
|||||||||||||||||||||
1 - Modification |
|||||||||||||||||||||
2 - Foreclosure |
|||||||||||||||||||||
3 - Bankruptcy |
|||||||||||||||||||||
4 - Extension |
|||||||||||||||||||||
5 - Note Sale |
|||||||||||||||||||||
6 - DPO |
|||||||||||||||||||||
7 - REO |
|||||||||||||||||||||
8 - Resolved |
|||||||||||||||||||||
9 - Pending Return to Master Servicer |
|||||||||||||||||||||
10 - Deed In Lieu Of Foreclosure |
|||||||||||||||||||||
11 - Full Payoff |
|||||||||||||||||||||
12 - Reps and Warranties |
|||||||||||||||||||||
13 - TBD |
|||||||||||||||||||||
98 - Other |
|||||||||||||||||||||
(3) Modification Code |
|||||||||||||||||||||
1 - Maturity Date Extension |
|||||||||||||||||||||
2 - Amortization Change |
|||||||||||||||||||||
3 - Principal Write-Off |
|||||||||||||||||||||
4 - Blank |
|||||||||||||||||||||
5 - Temporary Rate Reduction |
|||||||||||||||||||||
6 - Capitalization on Interest |
|||||||||||||||||||||
7 - Capitalization on Taxes |
|||||||||||||||||||||
8 - Other |
|||||||||||||||||||||
9 - Combination |
|||||||||||||||||||||
10 - Forbearance |
|||||||||||||||||||||
NOI Detail |
|||||||||||||||||||
Loan |
ODCR |
Property |
City |
State |
Ending |
Most Recent |
Most Recent |
Most Recent |
Most Recent |
||||||||||
10104658 |
1 |
Office |
New York |
NY |
62,000,000.00 |
0.00 |
0.00 |
|
|||||||||||
10104659 |
2 |
Self Storage |
Various |
Various |
60,991,135.78 |
0.00 |
4,503,640.06 |
1/1/16 |
6/30/16 |
||||||||||
10104660 |
3 |
Office |
Dallas |
TX |
59,332,746.14 |
0.00 |
4,435,471.98 |
1/1/16 |
6/30/16 |
||||||||||
10103348 |
4 |
Industrial |
Various |
Various |
56,000,000.00 |
0.00 |
91,603,167.36 |
1/1/16 |
9/30/16 |
||||||||||
10104661 |
5 |
Industrial |
San Leandro |
CA |
45,000,000.00 |
0.00 |
3,556,653.06 |
1/1/16 |
9/30/16 |
||||||||||
10104662 |
6 |
Office |
Lawrence Township |
NJ |
45,000,000.00 |
0.00 |
0.00 |
|
|||||||||||
10104663 |
7 |
Retail |
Boulder |
CO |
40,000,000.00 |
0.00 |
0.00 |
|
|||||||||||
10104664 |
8 |
Retail |
Ellenton |
FL |
38,800,000.00 |
0.00 |
0.00 |
|
|||||||||||
10104665 |
9 |
Office |
Richmond |
VA |
28,000,000.00 |
0.00 |
4,344,928.86 |
1/1/16 |
6/30/16 |
||||||||||
10104666 |
10 |
Lodging |
Oxnard |
CA |
22,742,312.67 |
0.00 |
4,682,429.36 |
7/1/15 |
6/30/16 |
||||||||||
10104667 |
11 |
Office |
Tumwater |
WA |
20,687,956.53 |
0.00 |
985,074.00 |
1/1/16 |
6/30/16 |
||||||||||
10104668 |
12 |
Retail |
Grove City |
PA |
20,000,000.00 |
0.00 |
0.00 |
|
|||||||||||
10104669 |
13 |
Retail |
Various |
Various |
19,233,044.73 |
0.00 |
1,329,966.95 |
1/1/16 |
6/30/16 |
||||||||||
10104670 |
14 |
Various |
Various |
Various |
15,997,947.98 |
0.00 |
868,854.65 |
1/1/16 |
6/30/16 |
||||||||||
10104671 |
15 |
Lodging |
Tupelo |
MS |
15,279,739.23 |
0.00 |
1,782,072.30 |
7/1/15 |
6/30/16 |
||||||||||
10104672 |
16 |
Multi‑Family |
Vancouver |
WA |
13,036,744.01 |
0.00 |
635,415.74 |
1/1/16 |
6/30/16 |
||||||||||
10104673 |
17 |
Mobile Home Park |
Marietta |
GA |
11,432,625.00 |
0.00 |
0.00 |
|
|||||||||||
10104674 |
18 |
Retail |
Rancho Cucamonga |
CA |
9,400,000.00 |
0.00 |
682,453.77 |
1/1/16 |
9/30/16 |
||||||||||
10104675 |
19 |
Retail |
Gulfport |
MS |
9,330,000.00 |
0.00 |
0.00 |
|
|||||||||||
10104676 |
20 |
Industrial |
Norcross |
GA |
9,150,000.00 |
0.00 |
589,829.17 |
1/1/16 |
6/30/16 |
||||||||||
10104677 |
21 |
Retail |
Virginia Beach |
VA |
9,000,000.00 |
0.00 |
490,104.59 |
1/1/16 |
6/30/16 |
||||||||||
10104678 |
22 |
Industrial |
Danbury |
CT |
8,370,804.59 |
0.00 |
591,366.40 |
1/1/16 |
9/30/16 |
||||||||||
10104679 |
23 |
Multi‑Family |
New Orleans |
LA |
7,300,000.00 |
0.00 |
460,649.52 |
1/1/16 |
9/30/16 |
||||||||||
10104680 |
24 |
Retail |
Finksburg |
MD |
7,100,000.00 |
0.00 |
278,301.06 |
1/1/16 |
6/30/16 |
||||||||||
10104681 |
25 |
Lodging |
Oakland |
CA |
6,629,356.15 |
0.00 |
1,087,975.33 |
7/1/15 |
6/30/16 |
||||||||||
10104682 |
26 |
Multi‑Family |
Houston |
TX |
6,000,000.00 |
0.00 |
449,964.93 |
1/1/16 |
9/30/16 |
||||||||||
10104683 |
27 |
Industrial |
Various |
FL |
5,031,997.02 |
0.00 |
289,346.91 |
1/1/16 |
6/30/16 |
||||||||||
10104684 |
28 |
Office |
Branford |
CT |
4,302,979.91 |
0.00 |
0.00 |
|
|||||||||||
10104685 |
29 |
Retail |
Glasgow |
KY |
2,866,182.49 |
0.00 |
189,283.00 |
1/1/16 |
9/30/16 |
||||||||||
10104686 |
30 |
Mobile Home Park |
Nashville |
MI |
2,816,718.06 |
0.00 |
163,484.77 |
1/1/16 |
6/30/16 |
||||||||||
10104687 |
31 |
Industrial |
Valley View |
OH |
2,789,962.08 |
0.00 |
0.00 |
|
|||||||||||
Total |
663,622,252.37 |
||||||||||||||||||
|
|||||||||||||||||||
Principal Prepayment Detail |
||||||||||||
Principal Prepayment Amount |
Prepayment Penalties |
|||||||||||
Loan Number |
Loan Group |
Offering Document |
Payoff |
Curtailment |
Prepayment |
Yield Maintenance |
||||||
No Principal Prepayments this Period |
||||||||||||
|
|
|
|
|||||||||
Totals |
||||||||||||
Historical Detail |
|
|||||||||||||||||||||||||||
|
Delinquencies |
Prepayments |
Rate and Maturities |
|
||||||||||||||||||||||||
Distribution |
30‑59 Days |
60‑89 Days |
90 Days or More |
Foreclosure |
REO |
Modifications |
Curtailments |
Payoff |
Next Weighted Avg. |
WAM |
||||||||||||||||||
Date |
# |
Balance |
# |
Balance |
# |
Balance |
# |
Balance |
# |
Balance |
# |
Balance |
# |
Amount |
# |
Amount |
Coupon |
Remit |
||||||||||
11/18/16 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
4.569502% |
4.545530% |
108 |
|||||||||
10/17/16 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
4.569636% |
4.545661% |
109 |
|||||||||
9/16/16 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
4.569784% |
4.545805% |
110 |
|||||||||
8/17/16 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
4.569916% |
4.545934% |
111 |
|||||||||
7/15/16 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
4.570047% |
4.546062% |
112 |
|||||||||
6/17/16 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
4.570193% |
4.546204% |
113 |
|||||||||
5/17/16 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
4.570322% |
4.546481% |
114 |
|||||||||
4/15/16 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
4.570466% |
4.546622% |
115 |
|||||||||
Note: Foreclosure and REO Totals are included from the delinquencies aging categories. |
||||||||||||||||||||||||||||
Delinquency Loan Detail |
||||||||||||||||||||||
Loan |
Offering |
# of |
Paid |
Current |
Outstanding |
Status of |
Resolution |
Servicing |
Foreclosure |
Actual |
Outstanding |
Bankruptcy |
REO |
|||||||||
No Delinquent Loans this Period |
||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
||||||||||||||
Totals |
||||||||||||||||||||||
(1) Status of Mortgage Loan |
||||||||||||||||||||||
A - Payment Not Received But Still in Grace Period Or Not Yet Due |
||||||||||||||||||||||
B - Late Payment But Less Than 30 Days Delinquent |
||||||||||||||||||||||
0 - Current |
||||||||||||||||||||||
1 - 30-59 Days Delinquent |
||||||||||||||||||||||
2 - 60-89 Days Delinquent |
||||||||||||||||||||||
3 - 90-120 Days Delinquent |
||||||||||||||||||||||
4 - Performing Matured Balloon |
||||||||||||||||||||||
5 - Non Performing Matured Balloon |
||||||||||||||||||||||
6 - 121+ Days Delinquent |
||||||||||||||||||||||
(2) Resolution Strategy Code |
||||||||||||||||||||||
1 - Modification |
||||||||||||||||||||||
2 - Foreclosure |
||||||||||||||||||||||
3 - Bankruptcy |
||||||||||||||||||||||
4 - Extension |
||||||||||||||||||||||
5 - Note Sale |
||||||||||||||||||||||
6 - DPO |
||||||||||||||||||||||
7 - REO |
||||||||||||||||||||||
8 - Resolved |
||||||||||||||||||||||
9 - Pending Return to Master Servicer |
||||||||||||||||||||||
10 - Deed In Lieu Of Foreclosure |
||||||||||||||||||||||
11 - Full Payoff |
||||||||||||||||||||||
12 - Reps and Warranties |
||||||||||||||||||||||
13 - TBD |
||||||||||||||||||||||
98 - Other |
||||||||||||||||||||||
** Outstanding P & I Advances include the current period advance. |
||||||||||||||||||||||
Specially Serviced Loan Detail - Part 1 |
|||||||||||||||||||||
Loan |
Offering |
Servicing |
Resolution |
Scheduled |
Property |
State |
Interest |
Actual |
Net |
DSCR |
DSCR |
Note |
Maturity |
Remaining |
|||||||
No Specially Serviced Loans this Period |
|||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||
(1) Resolution Strategy Code |
|||||||||||||||||||||
1 - Modification |
|||||||||||||||||||||
2 - Foreclosure |
|||||||||||||||||||||
3 - Bankruptcy |
|||||||||||||||||||||
4 - Extension |
|||||||||||||||||||||
5 - Note Sale |
|||||||||||||||||||||
6 - DPO |
|||||||||||||||||||||
7 - REO |
|||||||||||||||||||||
8 - Resolved |
|||||||||||||||||||||
9 - Pending Return to Master Servicer |
|||||||||||||||||||||
10 - Deed in Lieu Of Foreclosure |
|||||||||||||||||||||
11 - Full Payoff |
|||||||||||||||||||||
12 - Reps and Warranties |
|||||||||||||||||||||
13 - TBD |
|||||||||||||||||||||
98 - Other |
|||||||||||||||||||||
|
|||||||||||||||||||||
(2) Property Type Code |
|||||||||||||||||||||
MF - Multi-Family |
|||||||||||||||||||||
RT - Retail |
|||||||||||||||||||||
HC - Health Care |
|||||||||||||||||||||
IN - Industrial |
|||||||||||||||||||||
MH - Mobile Home Park |
|||||||||||||||||||||
OF - Office |
|||||||||||||||||||||
MU - Mixed Use |
|||||||||||||||||||||
LO - Lodging |
|||||||||||||||||||||
SS - Self Storage |
|||||||||||||||||||||
98 - Other |
|||||||||||||||||||||
SE - Securities |
|||||||||||||||||||||
CH - Cooperative Housing |
|||||||||||||||||||||
WH - Warehouse |
|||||||||||||||||||||
ZZ - Missing Information |
|||||||||||||||||||||
SF - Single Family |
|||||||||||||||||||||
Specially Serviced Loan Detail - Part 2 |
||||||||||||||||||||||
Loan Number |
Offering |
Resolution |
Site |
Phase 1 |
Appraisal |
Appraisal |
Other REO |
Comment from Special Servicer |
||||||||||||||
No Specially Serviced Loans this Period |
||||||||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||
(1) Resolution Strategy Code |
||||||||||||||||||||||
1 - Modification |
||||||||||||||||||||||
2 - Foreclosure |
||||||||||||||||||||||
3 - Bankruptcy |
||||||||||||||||||||||
4 - Extension |
||||||||||||||||||||||
5 - Note Sale |
||||||||||||||||||||||
6 - DPO |
||||||||||||||||||||||
7 - REO |
||||||||||||||||||||||
8 - Resolved |
||||||||||||||||||||||
9 - Pending Return to Master Servicer |
||||||||||||||||||||||
10 - Deed in Lieu Of Foreclosure |
||||||||||||||||||||||
11 - Full Payoff |
||||||||||||||||||||||
12 - Reps and Warranties |
||||||||||||||||||||||
13 - TBD |
||||||||||||||||||||||
98 - Other |
||||||||||||||||||||||
Advance Summary |
||||||||
Loan |
Current |
Outstanding |
Outstanding |
Current Period Interest |
||||
Totals |
0.00 |
0.00 |
46,286.57 |
0.00 |
||||
Modified Loan Detail |
||||||||||||||||||
Loan |
Offering |
Pre- |
Post- |
Pre- |
Post- |
Modification |
Modification Description |
|||||||||||
No Modified Loans |
||||||||||||||||||
|
|
|
|
|
||||||||||||||
Totals |
||||||||||||||||||
Historical Liquidated Loan Detail |
||||||||||||||||||||||||
Distribution |
ODCR |
Beginning Scheduled |
Fees, Advances, and Expenses * |
Most Recent Appraised Value or BPO |
Gross Sales Proceeds or Other Proceeds |
Net Proceeds Received on Liquidation |
Net Proceeds Available for Distribution |
Realized Loss to Trust |
Date of Current Period Adj. |
Current Period Adjustment |
Cumulative Adjustment |
Loss to Loan |
||||||||||||
No Liquidated Loans this Period |
||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Current Total |
||||||||||||||||||||||||
Cumulative Total |
||||||||||||||||||||||||
* Fees, Advances and Expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.). |
Historical Bond/Collateral Loss Reconciliation Detail |
||||||||||||||||||||||
Distribution |
Offering |
Beginning |
Aggregate |
Prior Realized |
Amts Covered |
Interest |
Modification / |
Additional |
Realized Loss |
Recoveries of |
(Recoveries) / |
|||||||||||
No Realized Losses this Period |
||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Totals |
||||||||||||||||||||||
Interest Shortfall Reconciliation Detail - Part 1 |
||||||||||||||||||||
|
|
|
Special Servicing Fees |
|
|
|
|
|
||||||||||||
Offering |
Stated |
Current |
Monthly |
Liquidation |
Work Out |
ASER |
(PPIS) |
Non-Recoverable |
Interest on |
Modified |
||||||||||
There are no Interest Shortfalls for the above columns for this Period |
||||||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Totals |
||||||||||||||||||||
Interest Shortfall Reconciliation Detail - Part 2 |
||||||||||||||||||
Reimb of Advances to the Servicer |
||||||||||||||||||
Offering |
Stated |
Current |
Current |
Left to |
Other |
Comments |
||||||||||||
There are no Interest Shortfalls for the above columns for this Period |
||||||||||||||||||
|
|
|
|
|
||||||||||||||
Totals |
||||||||||||||||||
Interest Shortfall Reconciliation Detail Part 2 Total |
0.00 |
|||||||||||||||||
Interest Shortfall Reconciliation Detail Part 1 Total |
0.00 |
|||||||||||||||||
Total Interest Shortfall Allocated to Trust |
0.00 |
|||||||||||||||||
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