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Form 10-D Morgan Stanley Capital For: Dec 02

December 2, 2016 11:06 AM EST

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)

 

Title of Class

Section 12(b)

Section 12(g)

Section 15(d)

Name of Exchange (If Section 12(b))

A‑1

      

      

   X   

           

A‑2

      

      

   X   

           

A-3

      

      

   X   

           

A-4

      

      

   X   

           

X-A

      

      

   X   

           

X-B

      

      

   X   

           

A‑S

      

      

   X   

           

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

 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

 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

 

Exhibit Number

Description

 

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.

 

EX‑99.1

 

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

 

STATEMENT SECTIONS

PAGE(s)

Certificate Distribution Detail

2

Certificate Factor Detail

3

Reconciliation Detail

4

Other Required Information

5

Cash Reconciliation

6

Current Mortgage Loan and Property Stratification Tables

7 - 9

Mortgage Loan Detail

10 - 11

NOI Detail

12

Principal Prepayment Detail

13

Historical Detail

14

Delinquency Loan Detail

15

Specially Serviced Loan Detail

16 - 17

Advance Summary

18

Modified Loan Detail

19

Historical Liquidated Loan Detail

20

Historical Bond/Collateral Loss Reconciliation Detail

21

Interest Shortfall Reconciliation Detail

22 - 23

 

 

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

 

Class

CUSIP

Pass-Through
Rate

Original
Balance

Beginning
Balance

Principal
Distribution

Interest
Distribution

Prepayment
Penalties

Realized Loss /
Additional Trust

 Fund Expenses

Total
Distribution

Ending
Balance

Current
Subordination
Level (1)

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

 

 

 

Class

CUSIP

Pass-
Through
Rate

Original
Notional
Amount

Beginning
Notional
Amount

Interest
Distribution

Prepayment
Penalties

Total
Distribution

Ending
Notional
Amount

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

 

(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).

 

 

 

Certificate Factor Detail

 

Class

CUSIP

Beginning
Balance

Principal
Distribution

Interest
Distribution

Prepayment
Penalties

Realized Loss/
Additional Trust
Fund Expenses

Ending
Balance

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

 

 

 

Class

CUSIP

Beginning
Notional
Amount

Interest
Distribution

Prepayment
Penalties

Ending
Notional
Amount

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
Group

Stated Beginning
Principal
Balance

Unpaid Beginning Principal
Balance

Scheduled
Principal

Unscheduled
Principal

Principal
Adjustments

Realized
Loss

Stated Ending
Principal
Balance

Unpaid Ending
Principal
Balance

Current Principal Distribution
Amount

 

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

 

 

 

 

Certificate Interest Reconciliation

 

Class

Accrual
Dates

Accrual
Days

Accrued
Certificate
Interest

Net Aggregate

Prepayment
Interest Shortfall

Distributable

 Certificate
Interest

Distributable

Certificate
Interest Adjustment

WAC CAP
Shortfall

Interest
Shortfall/(Excess)

Interest
Distribution

Remaining Unpaid
Distributable
Certificate Interest

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
Number

Loan
Group

Appraisal
Reduction
Amount

Cumulative
ASER
Amount

Date Appraisal
Reduction
Effected

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
Balance

# of
Loans

Scheduled
Balance

% of Agg.
Bal.

WAM
(2)

WAC

Weighted Avg
DSCR (1)

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
Props

Scheduled
Balance

% of Agg.
Bal.

WAM
(2)

WAC

Weighted Avg
DSCR (1)

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
Coverage Ratio

# of
Loans

Scheduled
Balance

% of Agg. Bal.

WAM
(2)

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
Loans

Scheduled
Balance

% of Agg.
Bal.

WAM
(2)

WAC

Weighted Avg
DSCR (1)

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
Props

Scheduled
Balance

% of Agg.
Bal.

WAM
(2)

WAC

Weighted Avg
DSCR (1)

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
Loans

Scheduled
Balance

% of Agg.
Bal.

WAM
(2)

WAC

Weighted Avg
DSCR (1)

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
Remaining Term (2)

# of
Loans

Scheduled
Balance

% of Agg.
Bal.

WAM
(2)

WAC

Weighted Avg
DSCR (1)

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
Amortization Term

# of
Loans

Scheduled
Balance

% of Agg.
Bal.

WAM
(2)

WAC

Weighted Avg
DSCR (1)

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
Recent NOI

# of
Loans

Scheduled
Balance

% of Agg.
Bal.

WAM
(2)

WAC

Weighted Avg
DSCR (1)

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
Number

ODCR

Property
Type (1)

City

State

Interest
Payment

Principal
Payment

Gross
Coupon

Anticipated
Repayment
Date

Maturity
Date

Neg.
Amort
(Y/N)

Beginning
Scheduled
Balance

Ending
Scheduled
Balance

Paid
Thru
Date

Appraisal
Reduction
Date

Appraisal
Reduction
Amount

Res.
Strat.
(2)

Mod.
Code
(3)

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
Number

ODCR

Property
Type

City

State

Ending
Scheduled
Balance

Most Recent
Fiscal NOI

Most Recent
NOI

Most Recent
NOI
Start Date

Most Recent
NOI
End Date

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
Cross-Reference

Payoff
Amount

Curtailment
Amount

Prepayment
Premium

Yield Maintenance
Premium

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
Number

Offering
Document
Cross-
Reference

# of
Months
Delinq.

Paid
Through
Date

Current
P & I
Advances

Outstanding
P & I
Advances **

Status of
Mortgage
Loan (1)

Resolution
Strategy
Code (2)

Servicing
Transfer
Date

Foreclosure
Date

Actual
Principal
Balance

Outstanding
Servicing
Advances

Bankruptcy
Date

REO
Date

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
Number

Offering
Document
Cross-
Reference

Servicing
Transfer
Date

Resolution
Strategy
Code (1)

Scheduled
Balance

Property
Type (2)

State

Interest
Rate

Actual
Balance

Net
Operating
Income

DSCR
Date

DSCR

Note
Date

Maturity
Date

Remaining
Amortization
Term

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
Document
Cross-
Reference

Resolution
Strategy
Code (1)

Site
Inspection
Date

Phase 1
Date

Appraisal
Date

Appraisal
Value

Other REO
Property
Revenue

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
Group

Current
P & I Advances

Outstanding
P & I Advances

Outstanding
Servicing Advances

Current Period Interest
on P&I and Servicing
Advances Paid

Totals

0.00

0.00

46,286.57

0.00

 

Modified Loan Detail

Loan
Number

Offering
Document
Cross-
Reference

Pre-
Modification
Balance

Post-
Modification
Balance

Pre-
Modification
Interest Rate

Post-
Modification
Interest Rate

Modification
Date

Modification Description

No Modified Loans

 

 

 

 

 

Totals

 

Historical Liquidated Loan Detail

Distribution
Date

ODCR

Beginning Scheduled
Balance

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.
to Trust

Current Period Adjustment
to Trust

Cumulative Adjustment
to Trust

Loss to Loan
with Cum Adj. to Trust

No Liquidated Loans this Period

 

 

 

 

 

 

 

 

 

 

Current Total

Cumulative Total

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

 

Historical Bond/Collateral Loss Reconciliation Detail

Distribution
Date

Offering
Document
Cross-
Reference

Beginning
Balance at
Liquidation

Aggregate
Realized Loss
on Loans

Prior Realized
Loss Applied
to Certificates

Amts Covered
by Credit
Support / Deal
Structure

Interest
(Shortages) /
Excesses

Modification /
Appraisal
Reduction Adj.

Additional
(Recoveries) /
Expenses

Realized Loss
Applied to
Certificates
to Date

Recoveries of
Realized Losses
Paid as Cash

(Recoveries) /
Losses Applied
to Certificate
Interest

No Realized Losses this Period

 

 

 

 

 

 

 

 

 

 

Totals

 

Interest Shortfall Reconciliation Detail - Part 1

 

 

 

Special Servicing Fees

 

 

 

 

 

Offering
Document
Cross-
Reference

Stated
Principal
Balance at
Contribution

Current
Ending
Scheduled
Balance

Monthly

Liquidation

Work Out

ASER

(PPIS)
Excess

Non-Recoverable
(Scheduled
Interest)

Interest on
Advances

Modified
Interest Rate(Reduction) /
Excess

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
Document
Cross-
Reference

Stated
Principal
Balance at
Contribution

Current
Ending
Scheduled
Balance

Current
Month

Left to
Reimburse
Master
Servicer

Other
(Shortfalls) /
Refunds

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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