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Form 10-D Benchmark 2018-B1 Mortga For: Jun 17

June 30, 2022 2:50 PM EDT

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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:   May 18, 2022 to June 17, 2022

Commission File Number of issuing entity:  333-206705-12

Central Index Key Number of issuing entity:  0001722194

Benchmark 2018-B1 Mortgage Trust
(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor:  333-206705

Central Index Key Number of depositor:  0001013454

Deutsche Mortgage & Asset Receiving Corporation
(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001541294

German American Capital Corporation
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0000835271

JPMorgan Chase Bank, National Association
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001701238

Citi Real Estate Funding Inc.
(Exact name of sponsor as specified in its charter)

Lainie Kaye (212) 250-2500
(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)

38-4052616
38-4052617
38-7196231
(I.R.S. Employer Identification No.)

c/o Computershare Trust Company, N.A., as agent for
Wells Fargo Bank, National Association
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-SB

     

     

  X  

     

A-4

     

     

  X  

     

A-5

     

     

  X  

     

X-A

     

     

  X  

     

A-M

     

     

  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 June 17, 2022 a distribution was made to holders of the certificates issued by Benchmark 2018-B1 Mortgage Trust.

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.

The following table presents the loss information for the trust assets for the Benchmark 2018-B1 Mortgage Trust in accordance with Item 1100(b) as required by Item 1121(a)(9) of Regulation AB:

Loss Information as reported on June 17, 2022

Number of Delinquencies 30+ days

% of Delinquencies 30+ days by Pool Balance

Number of Loans/REOs with Losses

Average Net Loss

3

5.24%

0

N/A

No assets securitized by Deutsche Mortgage & Asset Receiving Corporation (the "Depositor") and held by Benchmark 2018-B1 Mortgage Trust were the subject of a demand to repurchase for breach of the representations and warranties contained in the underlying transaction documents during the distribution period from May 18, 2022 to June 17, 2022.

The Depositor filed its most recent Form ABS-15G in accordance with Rule 15Ga-1 under the Securities Exchange Act of 1934 (a "Rule 15Ga-1 Form ABS-15G") on February 15, 2022. The CIK number for the Depositor is 0001013454.

German American Capital Corporation ("GACC"), one of the sponsors, has filed a Form ABS-15G pursuant to Rule 15Ga-1 under the Securities Exchange Act of 1934 on February 15, 2022. The CIK number of GACC is 0001541294.

JPMorgan Chase Bank, National Association ("JPM"), one of the sponsors, has filed a Form ABS-15G pursuant to Rule 15Ga-1 under the Securities Exchange Act of 1934 on February 14, 2022. The CIK number of JPM is 0000835271.

Citi Real Estate Funding Inc., one of the sponsors, has filed a Form ABS-15G pursuant to Rule 15Ga-1 under the Securities Exchange Act of 1934 on February 11, 2022. The CIK number of Citi Real Estate Funding Inc. is 0001701238.

Item 1A. Asset-Level Information.

ABS Asset Data File (filed as Exhibit 102 to the registrant's Form ABS-EE filed on June 30, 2022 under Commission File No. 333-206705-12 and incorporated by reference herein).

ABS Asset Related Document (filed as Exhibit 103 to the registrant's Form ABS-EE filed on June 30, 2022 under Commission File No. 333-206705-12 and incorporated by reference herein).

Part II - OTHER INFORMATION

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 Benchmark 2018-B1 Mortgage Trust, relating to the June 17, 2022 distribution.

(b) The exhibits required to be filed by the Registrant pursuant to this Form are listed above.

 

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.

Deutsche Mortgage & Asset Receiving Corporation
(Depositor)

 

/s/ Matt Smith
Matt Smith, Director

Date: June 29, 2022

 

/s/ R. Chris Jones
R. Chris Jones, Director

Date: June 29, 2022

 

 

 

     

Distribution Date:

06/17/22

Benchmark 2018-B1 Mortgage Trust

Determination Date:

06/13/22

 

Next Distribution Date:

07/15/22

 

Record Date:

05/31/22

Commercial Mortgage Pass-Through Certificates

 

 

Series 2018-B1

 

           

Table of Contents

 

 

Contacts

 

 

Section

Pages

Role

Party and Contact Information

 

 

Certificate Distribution Detail

2

Depositor

Deutsche Mortgage & Asset Receiving Corporation

 

 

Certificate Factor Detail

3

 

Helaine M. Kaplan

(212) 250-5270

 

Certificate Interest Reconciliation Detail

4

 

60 Wall Street | New York, NY 10005 | United States

 

 

 

 

Master Servicer

Wells Fargo Bank, National Association

 

 

Exchangeable Certificate Detail

5-6

 

 

 

 

 

 

 

Investor Relations

 

[email protected]

Exchangeable Certificate Factor Detail

7

 

 

 

 

 

 

 

Three Wells Fargo, MAC D1050-084, 401 S. Tryon Street, 8th Floor | Charlotte, NC 28202 | United States

Additional Information

8

Special Servicer

LNR Partners,LLC

 

 

Bond / Collateral Reconciliation - Cash Flows

9

 

Job Warshaw

 

[email protected]

Bond / Collateral Reconciliation - Balances

10

 

2340 Collins Avenue, Suite 700 | Miami Beach, FL 33139 | United States

 

Current Mortgage Loan and Property Stratification

11-15

Operating Advisor & Asset

Park Bridge Lender Services LLC

 

 

 

 

Representations Reviewer

 

 

 

Mortgage Loan Detail (Part 1)

16-17

 

 

 

 

 

 

 

David Rodgers

(212) 230-9090

 

Mortgage Loan Detail (Part 2)

18-19

 

600 Third Avenue, 40th Floor | New York, NY 10016 | United States

 

 

Principal Prepayment Detail

20

Certificate Administrator

Computershare Trust Company, N.A. as agent for Wells Fargo

 

 

Historical Detail

21

 

Bank, N.A.

 

 

 

 

 

Corporate Trust Services (CMBS)

 

[email protected];

Delinquency Loan Detail

22

 

 

 

[email protected]

Collateral Stratification and Historical Detail

23

 

9062 Old Annapolis Road | Columbia, MD 21045 | United States

 

 

Specially Serviced Loan Detail - Part 1

24

Trustee

Wilmington Trust, National Association

 

 

Specially Serviced Loan Detail - Part 2

25

 

Attention: CMBS Trustee

(302) 636-4140

[email protected]

 

 

 

1100 North Market Street | Wilmington, DE 19890 | United States

 

 

Modified Loan Detail

26

 

 

 

 

 

 

Rating Agency

Standard & Poor's Ratings Services

 

 

Historical Liquidated Loan Detail

27

 

 

 

 

 

 

 

 

(416) 202-6001

 

Historical Bond / Collateral Loss Reconciliation Detail

28

 

 

 

 

 

 

 

130 King Street West, Suite 2750 | Toronto, ON M5X 1E5 | Canada

 

 

Interest Shortfall Detail - Collateral Level

29

Rating Agency

Kroll Bond Rating Agency, Inc.

 

 

Supplemental Notes

30

 

general

(212) 702-0707

 

 

 

 

805 Third Avenue | New York, NY 10022 | United States

 

 

 

 

Rating Agency

Fitch Ratings, Inc.

 

 

 

 

 

 

(212) 908-0500

 

 

 

 

33 Whitehall Street | New York, NY 10004 | United States

 

 

 

 

Controlling Class

Eightfold Real Estate Capital, L.P.

 

 

 

 

Representative

 

 

 

 

 

 

-

 

 

 

This report is compiled by Computershare Trust Company, N.A. from information provided by third parties. Computershare Trust Company, N.A. has not independently confirmed the accuracy of the information.

Please visit www.ctslink.com for additional information and if applicable, any special notices and any credit risk retention notices. In addition, certificate holders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526.

   

© 2021 Computershare. All rights reserved. Confidential.

Page 1 of 30

 


 

 

                         

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

Original

 

 

Pass-Through

 

 

Principal

Interest

Prepayment

 

 

 

Credit

Credit

Class

CUSIP

Rate (2)

      Original Balance                              Beginning Balance

Distribution

Distribution

Penalties

       Realized Losses               Total Distribution          Ending Balance

Support¹           Support¹

 

A-1

08162PAS0

2.560000%

18,703,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-2

08162PAT8

3.571000%

157,629,000.00

140,081,208.55

85,022,301.54

416,858.33

0.00

0.00

85,439,159.87

55,058,907.01

33.62%

30.00%

A-3

08162PAU5

3.355000%

49,272,000.00

49,272,000.00

0.00

137,756.30

0.00

0.00

137,756.30

49,272,000.00

33.62%

30.00%

A-SB

08162PAV3

3.602000%

40,449,000.00

40,449,000.00

0.00

121,414.41

0.00

0.00

121,414.41

40,449,000.00

33.62%

30.00%

A-4

08162PAW1

3.402000%

135,000,000.00

135,000,000.00

0.00

382,725.00

0.00

0.00

382,725.00

135,000,000.00

33.62%

30.00%

A-5

08162PAX9

3.666000%

387,112,000.00

387,112,000.00

0.00

1,182,627.16

0.00

0.00

1,182,627.16

387,112,000.00

33.62%

30.00%

A-M

08162PAZ4

3.878000%

97,114,000.00

97,114,000.00

0.00

313,840.08

0.00

0.00

313,840.08

97,114,000.00

23.96%

21.38%

B

08162PBA8

4.059000%

47,853,000.00

47,853,000.00

0.00

161,862.77

0.00

0.00

161,862.77

47,853,000.00

19.19%

17.13%

C

08162PBB6

4.237950%

52,075,000.00

52,075,000.00

0.00

183,909.37

0.00

0.00

183,909.37

52,075,000.00

14.01%

12.50%

D

08162PAG6

2.750000%

60,520,000.00

60,520,000.00

0.00

138,691.67

0.00

0.00

138,691.67

60,520,000.00

7.99%

7.13%

E

08162PAJ0

3.000000%

25,334,000.00

25,334,000.00

0.00

63,335.00

0.00

0.00

63,335.00

25,334,000.00

5.46%

4.88%

F-RR

08162PAM3

4.237950%

14,074,000.00

14,074,000.00

0.00

49,704.09

0.00

0.00

49,704.09

14,074,000.00

4.06%

3.63%

G-RR*

08162PAP6

4.237950%

40,816,346.00

40,816,346.00

0.00

98,597.83

0.00

0.00

98,597.83

40,816,346.00

0.00%

0.00%

S

08162PBC4

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

R

08162PAR2

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

VRR Interest

N/A

4.237950%

40,426,661.73

39,125,097.07

3,052,678.82

136,539.72

0.00

0.00

3,189,218.54

36,072,418.25

0.00%

0.00%

Regular SubTotal

 

1,166,378,007.73

1,128,825,651.62

88,074,980.36

3,387,861.73

0.00

0.00

91,462,842.09

1,040,750,671.26

 

 

 

 

X-A

08162PAY7

0.626450%

885,279,000.00

849,028,208.55

0.00

443,227.97

0.00

0.00

443,227.97

764,005,907.01

 

 

X-B

08162PAA9

0.178950%

47,853,000.00

47,853,000.00

0.00

7,136.08

0.00

0.00

7,136.08

47,853,000.00

 

 

X-D

08162PAC5

1.487950%

60,520,000.00

60,520,000.00

0.00

75,042.28

0.00

0.00

75,042.28

60,520,000.00

 

 

X-E

08162PAE1

1.237950%

25,334,000.00

25,334,000.00

0.00

26,135.19

0.00

0.00

26,135.19

25,334,000.00

 

 

Notional SubTotal

 

1,018,986,000.00

982,735,208.55

0.00

551,541.52

0.00

0.00

551,541.52

897,712,907.01

 

 

 

Deal Distribution Total

 

 

 

88,074,980.36

3,939,403.25

0.00

0.00

92,014,383.61

 

 

 

 

*

Denotes the Controlling Class (if required)

 

 

 

 

 

 

 

 

 

 

(1)

Calculated by taking (A) the sum of the ending certificate balance of all classes in a series less (B) the sum of (i) the ending certificate balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate to the designated class and

 

dividing the result by (A).

 

 

 

 

 

 

 

 

 

 

 

(2)

Pass-Through Rates with respect to any Class of Certificates on next month’s Payment Date is expected to be the same as the current respective Pass-Through Rate, subject to any modifications on the underlying loans, any change in certificate or pool balance, any change in

 

the underlying index (if and as applicable), and any other matters provided in the governing documents.

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

Page 2 of 30

 


 

 

                     

 

 

 

 

Certificate Factor Detail

 

 

 

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

 

 

 

Interest Shortfalls

Interest

 

 

 

 

Class

CUSIP

Beginning Balance

Principal Distribution

Interest Distribution

/ (Paybacks)

Shortfalls

Prepayment Penalties

Losses

Total Distribution

Ending Balance

Regular Certificates

 

 

 

 

 

 

 

 

 

A-1

08162PAS0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-2

08162PAT8

888.67663025

539.38235693

2.64455354

0.00000000

0.00000000

0.00000000

0.00000000

542.02691047

349.29427333

A-3

08162PAU5

1,000.00000000

0.00000000

2.79583333

0.00000000

0.00000000

0.00000000

0.00000000

2.79583333

1,000.00000000

A-SB

08162PAV3

1,000.00000000

0.00000000

3.00166654

0.00000000

0.00000000

0.00000000

0.00000000

3.00166654

1,000.00000000

A-4

08162PAW1

1,000.00000000

0.00000000

2.83500000

0.00000000

0.00000000

0.00000000

0.00000000

2.83500000

1,000.00000000

A-5

08162PAX9

1,000.00000000

0.00000000

3.05500000

0.00000000

0.00000000

0.00000000

0.00000000

3.05500000

1,000.00000000

A-M

08162PAZ4

1,000.00000000

0.00000000

3.23166670

0.00000000

0.00000000

0.00000000

0.00000000

3.23166670

1,000.00000000

B

08162PBA8

1,000.00000000

0.00000000

3.38249995

0.00000000

0.00000000

0.00000000

0.00000000

3.38249995

1,000.00000000

C

08162PBB6

1,000.00000000

0.00000000

3.53162496

0.00000000

0.00000000

0.00000000

0.00000000

3.53162496

1,000.00000000

D

08162PAG6

1,000.00000000

0.00000000

2.29166672

0.00000000

0.00000000

0.00000000

0.00000000

2.29166672

1,000.00000000

E

08162PAJ0

1,000.00000000

0.00000000

2.50000000

0.00000000

0.00000000

0.00000000

0.00000000

2.50000000

1,000.00000000

F-RR

08162PAM3

1,000.00000000

0.00000000

3.53162498

0.00000000

0.00000000

0.00000000

0.00000000

3.53162498

1,000.00000000

G-RR

08162PAP6

1,000.00000000

0.00000000

2.41564568

1.11597937

12.93766595

0.00000000

0.00000000

2.41564568

1,000.00000000

S

08162PBC4

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

R

08162PAR2

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

VRR Interest

N/A

967.80430032

75.51152357

3.37746710

0.04045474

0.46899767

0.00000000

0.00000000

78.88899067

892.29277676

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

08162PAY7

959.05156290

0.00000000

0.50066473

0.00000000

0.00000000

0.00000000

0.00000000

0.50066473

863.01144273

X-B

08162PAA9

1,000.00000000

0.00000000

0.14912503

0.00000000

0.00000000

0.00000000

0.00000000

0.14912503

1,000.00000000

X-D

08162PAC5

1,000.00000000

0.00000000

1.23995836

0.00000000

0.00000000

0.00000000

0.00000000

1.23995836

1,000.00000000

X-E

08162PAE1

1,000.00000000

0.00000000

1.03162509

0.00000000

0.00000000

0.00000000

0.00000000

1.03162509

1,000.00000000

 

 

 

 

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Page 3 of 30

 


 

 

                         

 

 

 

 

Certificate Interest Reconciliation Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

 

 

Accrued

Net Aggregate

Distributable

Interest

 

Interest

 

 

 

 

 

Accrual

Prior Interest

Certificate

Prepayment

Certificate

Shortfalls /

Payback of Prior

Distribution

Interest

Cumulative

 

Class

Accrual Period

Days

Shortfalls

Interest

Interest Shortfall

Interest

(Paybacks)

Realized Losses

Amount

Distribution

Interest Shortfalls

 

A-1

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-2

05/01/22 - 05/30/22

30

0.00

416,858.33

0.00

416,858.33

0.00

0.00

0.00

416,858.33

0.00

 

A-3

05/01/22 - 05/30/22

30

0.00

137,756.30

0.00

137,756.30

0.00

0.00

0.00

137,756.30

0.00

 

A-SB

05/01/22 - 05/30/22

30

0.00

121,414.41

0.00

121,414.41

0.00

0.00

0.00

121,414.41

0.00

 

A-4

05/01/22 - 05/30/22

30

0.00

382,725.00

0.00

382,725.00

0.00

0.00

0.00

382,725.00

0.00

 

A-5

05/01/22 - 05/30/22

30

0.00

1,182,627.16

0.00

1,182,627.16

0.00

0.00

0.00

1,182,627.16

0.00

 

X-A

05/01/22 - 05/30/22

30

0.00

443,227.97

0.00

443,227.97

0.00

0.00

0.00

443,227.97

0.00

 

X-B

05/01/22 - 05/30/22

30

0.00

7,136.08

0.00

7,136.08

0.00

0.00

0.00

7,136.08

0.00

 

X-D

05/01/22 - 05/30/22

30

0.00

75,042.28

0.00

75,042.28

0.00

0.00

0.00

75,042.28

0.00

 

X-E

05/01/22 - 05/30/22

30

0.00

26,135.19

0.00

26,135.19

0.00

0.00

0.00

26,135.19

0.00

 

A-M

05/01/22 - 05/30/22

30

0.00

313,840.08

0.00

313,840.08

0.00

0.00

0.00

313,840.08

0.00

 

B

05/01/22 - 05/30/22

30

0.00

161,862.77

0.00

161,862.77

0.00

0.00

0.00

161,862.77

0.00

 

C

05/01/22 - 05/30/22

30

0.00

183,909.37

0.00

183,909.37

0.00

0.00

0.00

183,909.37

0.00

 

D

05/01/22 - 05/30/22

30

0.00

138,691.67

0.00

138,691.67

0.00

0.00

0.00

138,691.67

0.00

 

E

05/01/22 - 05/30/22

30

0.00

63,335.00

0.00

63,335.00

0.00

0.00

0.00

63,335.00

0.00

 

F-RR

05/01/22 - 05/30/22

30

0.00

49,704.09

0.00

49,704.09

0.00

0.00

0.00

49,704.09

0.00

 

G-RR

05/01/22 - 05/30/22

30

482,518.05

144,148.03

0.00

144,148.03

45,550.20

0.00

0.00

98,597.83

528,068.25

 

VRR Interest

05/01/22 - 05/30/22

30

17,324.56

138,175.17

0.00

138,175.17

1,635.45

0.00

0.00

136,539.72

18,960.01

 

Totals

 

 

499,842.61

3,986,588.90

0.00

3,986,588.90

47,185.65

0.00

0.00

3,939,403.25

547,028.26

 

 

 

 

 

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Page 4 of 30

 


 

 

                       

 

 

 

 

Exchangeable Certificate Detail

 

 

 

 

 

 

 

Pass-Through

Maximum Initial

 

 

 

Prepayment

 

 

 

 

Class

CUSIP

Rate

Balance

   Beginning Balance                                    Principal Distribution        Interest Distribution

Penalties

 

       Losses

Total Distribution

Ending Balance

Regular Interest

 

 

 

 

 

 

 

 

 

 

 

V1-A1 (Cert)

08162PBE0

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A1 (EC)

N/A

N/A

671,520.89

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A2 (Cert)

08162PBF7

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A2 (EC)

N/A

4.237950%

5,659,582.26

5,029,538.49

3,052,678.82

17,762.44

0.00

 

0.00

3,070,441.26

1,976,859.67

V1-A3 (Cert)

08162PBG5

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A3 (EC)

N/A

4.237950%

1,769,083.97

1,769,083.97

0.00

6,247.74

0.00

 

0.00

6,247.74

1,769,083.97

V1-ASB (Cert)

08162PBH3

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-ASB (EC)

N/A

4.237950%

1,452,299.02

1,452,299.02

0.00

5,128.98

0.00

 

0.00

5,128.98

1,452,299.02

V1-A4 (Cert)

08162PBJ9

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A4 (EC)

N/A

4.237950%

4,847,100.50

4,847,100.50

0.00

17,118.14

0.00

 

0.00

17,118.14

4,847,100.50

V1-A5 (Cert)

08162PBK6

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A5 (EC)

N/A

4.237950%

13,899,042.74

13,899,042.74

0.00

49,086.21

0.00

 

0.00

49,086.21

13,899,042.74

V1-AM (Cert)

08162PBL4

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-AM (EC)

N/A

4.237950%

3,486,824.58

3,486,824.58

0.00

12,314.16

0.00

 

0.00

12,314.16

3,486,824.58

V1-B (Cert)

08162PBM2

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-B (EC)

N/A

4.237950%

1,718,135.56

1,718,135.56

0.00

6,067.81

0.00

 

0.00

6,067.81

1,718,135.56

V1-C (Cert)

08162PBN0

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-C (EC)

N/A

4.237950%

1,869,724.14

1,869,724.14

0.00

6,603.16

0.00

 

0.00

6,603.16

1,869,724.14

V1-D (Cert)

08162PBP5

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-D (EC)

N/A

4.237950%

2,172,937.20

2,172,937.20

0.00

7,674.00

0.00

 

0.00

7,674.00

2,172,937.20

V1-E (Cert)

08162PBQ3

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-E (EC)

N/A

4.237950%

909,603.29

909,603.29

0.00

3,212.38

0.00

 

0.00

3,212.38

909,603.29

V1-F (Cert)

08162PBR1

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-F (EC)

N/A

4.237950%

505,319.20

505,319.20

0.00

1,784.60

0.00

 

0.00

1,784.60

505,319.20

V1-G (Cert)

08162PBS9

N/A

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-G (EC)

N/A

4.237950%

1,465,488.38

1,465,488.38

0.00

3,540.10

0.00

 

0.00

3,540.10

1,465,488.38

Regular Interest Total

 

 

40,426,661.73

39,125,097.07

3,052,678.82

136,539.72

0.00

 

0.00

3,189,218.54

36,072,418.25

 

 

 

 

 

 

 

 

 

Exchangeable Certificate Detail continued to next page

Exchangeable Certificate Details

 

 

 

 

 

 

 

 

 

 

V1-A1

08162PBE0

N/A

671,520.89

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A2

08162PBF7

N/A

5,659,582.26

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A3

08162PBG5

N/A

1,769,083.97

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-ASB

08162PBH3

N/A

1,452,299.02

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

V1-A4

08162PBJ9

N/A

4,847,100.50

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

 

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Page 5 of 30

 


 

 

                         

 

 

 

 

Exchangeable Certificate Detail

 

 

 

 

 

 

 

 

Pass-Through

Maximum Initial

 

 

 

Prepayment

 

 

 

 

 

Class

CUSIP

Rate

Balance

Beginning Balance                                Principal Distribution              Interest Distribution

Penalties

 

     Losses

 

       Total Distribution

    Ending Balance

Exchangeable Certificate Details

 

 

 

 

 

 

 

 

 

 

 

V1-A5

08162PBK6

N/A

13,899,042.74

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-AM

08162PBL4

N/A

3,486,824.58

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-B

08162PBM2

N/A

1,718,135.56

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-C

08162PBN0

N/A

1,869,724.14

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-D

08162PBP5

N/A

2,172,937.20

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-E

08162PBQ3

N/A

909,603.29

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-F

08162PBR1

N/A

505,319.20

w0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V1-G

08162PBS9

N/A

1,465,488.38

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

V2

08162PBD2

4.237950%

40,426,661.73

39,125,097.07

3,052,678.82

136,539.72

0.00

 

0.00

 

3,189,218.54

36,072,418.25

Exchangeable Certificates Total

 

80,853,323.46

39,125,097.07

3,052,678.82

136,539.72

0.00

 

0.00

 

3,189,218.54

36,072,418.25

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 6 of 30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

                     

 

 

 

Exchangeable Certificate Factor Detail

 

 

 

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

 

 

 

Interest Shortfalls

Interest

 

 

 

 

Class

CUSIP

Beginning Balance

Principal Distribution

Interest Distribution

/ (Paybacks)

Shortfalls

Prepayment Penalties

Losses

Total Distribution

Ending Balance

Regular Certificates

 

 

 

 

 

 

 

 

 

V1-A1

08162PBE0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-A2

08162PBF7

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-A3

08162PBG5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-ASB

08162PBH3

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-A4

08162PBJ9

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-A5

08162PBK6

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-AM

08162PBL4

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-B

08162PBM2

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-C

08162PBN0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-D

08162PBP5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-E

08162PBQ3

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-F

08162PBR1

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V1-G

08162PBS9

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

V2

08162PBD2

967.80430032

75.51152357

3.37746710

0.04045474

0.46899767

0.00000000

0.00000000

78.88899067

892.29277676

 

 

 

 

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Page 7 of 30

 


 

 

     

 

Additional Information

 

Total Available Distribution Amount (1)

92,014,383.61

 

(1) The Available Distribution Amount includes any Prepayment Premiums.

 

 

 

 

 

 

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Page 8 of 30

 


 

 

       

Bond / Collateral Reconciliation - Cash Flows

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest

 

Fees

 

Interest Paid or Advanced

4,003,271.28

Master Servicing Fee

8,557.57

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

5,542.27

Interest Adjustments

(179.22)

Trustee Fee

290.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

486.02

ARD Interest

0.00

Operating Advisor Fee

1,806.51

Net Prepayment Interest Excess / (Shortfall)

0.00

Asset Representations Reviewer Fee

0.00

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

 

 

Total Interest Collected

4,003,092.06

Total Fees

16,682.37

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

30,531,931.49

Reimbursement for Interest on Advances

0.00

Unscheduled Principal Collections

 

ASER Amount

32,873.78

Principal Prepayments

57,500,000.00

Special Servicing Fees (Monthly)

14,132.66

Collection of Principal after Maturity Date

0.00

Special Servicing Fees (Liquidation)

0.00

Recoveries From Liquidations and Insurance Proceeds

0.00

Special Servicing Fees (Work Out)

0.00

Excess of Prior Principal Amounts Paid

0.00

Legal Fees

0.00

Curtailments

42,869.65

Rating Agency Expenses

0.00

Principal Adjustments

179.22

Taxes Imposed on Trust Fund

0.00

 

 

Non-Recoverable Advances

0.00

 

 

Workout Delayed Reimbursement Amounts

0.00

 

 

Other Expenses

0.00

Total Principal Collected

88,074,980.36

Total Expenses/Reimbursements

47,006.44

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

3,939,403.25

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

88,074,980.36

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

0.00

 

 

Borrower Option Extension Fees

0.00

Total Other Collected

0.00

Total Payments to Certificateholders and Others

92,014,383.61

Total Funds Collected

92,078,072.42

Total Funds Distributed

92,078,072.42

 

 

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Page 9 of 30

 


 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

Total

 

Total

Beginning Scheduled Collateral Balance

1,128,825,652.40

1,128,825,652.40

Beginning Certificate Balance

1,128,825,651.62

(-) Scheduled Principal Collections

30,531,931.49

30,531,931.49

(-) Principal Distributions

88,074,980.36

(-) Unscheduled Principal Collections

57,542,869.65

57,542,869.65

(-) Realized Losses

0.00

(-) Principal Adjustments (Cash)

179.22

179.22

Realized Loss and Realized Loss Adjustments on Collateral

0.00

(-) Principal Adjustments (Non-Cash)

0.00

0.00

Current Period NRA¹

0.00

(-) Realized Losses from Collateral

0.00

0.00

Current Period WODRA¹

0.00

(-) Other Adjustments²

0.00

0.00

Principal Used to Pay Interest

0.00

 

 

 

 

Non-Cash Principal Adjustments

0.00

Ending Scheduled Collateral Balance

1,040,750,672.04

1,040,750,672.04

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

1,129,184,371.85

1,129,184,371.85

Ending Certificate Balance

1,040,750,671.26

Ending Actual Collateral Balance

1,041,123,009.24

1,041,123,009.24

 

 

 

 

 

 

 

NRA/WODRA Reconciliation

 

Under / Over Collateralization Reconciliation

 

 

 

Non-Recoverable Advances (NRA) from

Workout Delayed Reimbursement of Advances

 

 

 

 

Principal

(WODRA) from Principal

Beginning UC / (OC)

(0.78)

Beginning Cumulative Advances

0.00

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

(0.78)

Ending Cumulative Advances

0.00

0.00

Net WAC Rate

4.24%

 

 

 

 

UC / (OC) Interest

0.00

(1)

Current Period NRA and WODRA displayed will represent the portion applied as Realized Losses to the bonds.

 

 

 

(2)

Other Adjustments value will represent miscellaneous items that may impact the Scheduled Balance of the collateral.

 

 

 

**

A negative value for Certificate Other Adjustments represents the payback of prior Principal Shortfalls, if any.

 

 

 

 

 

 

 

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Page 10 of 30

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

Scheduled Balance

 

 

 

 

 

Debt Service Coverage Ratio¹

 

 

 

 

Scheduled

# Of

Scheduled

% Of

 

 

Weighted Avg

Debt Service Coverage

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Balance

Loans

Balance

Agg. Bal.

 

 

DSCR¹

Ratio

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

7,499,999 or less

10

47,953,358.44

4.61%

64

4.7587

2.186108

1.44 or less

11

217,793,800.76

20.93%

62

4.5062

0.917342

7,500,000 to 14,999,999

18

204,656,386.78

19.66%

59

4.5766

1.830350

1.45 to 1.49

5

85,442,164.08

8.21%

66

4.3229

1.486093

15,000,000 to 24,999,999

6

117,981,548.74

11.34%

66

4.2802

2.523190

1.50 to 1.74

5

84,811,793.85

8.15%

66

4.5635

1.668817

25,000,000 to 49,999,999

13

494,620,219.67

47.53%

56

3.9510

1.897987

1.75 to 1.99

5

76,949,526.69

7.39%

65

4.2362

1.811526

 

50,000,000 or greater

3

175,539,158.41

16.87%

66

4.0862

3.339702

2.00 to 2.49

9

173,736,542.02

16.69%

47

3.8124

2.229498

 

Totals

50

1,040,750,672.04

100.00%

60

4.1714

2.212004

2.50 to 3.49

10

271,618,327.11

26.10%

65

4.1161

2.720778

 

 

 

 

 

 

 

 

3.50 and greater

5

130,398,517.53

12.53%

52

3.8128

4.356560

 

 

 

 

 

 

 

 

Totals

50

1,040,750,672.04

100.00%

60

4.1714

2.212004

(1)

Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is

 

used. The debt service coverage ratio information was provided to the Certificate Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such information.

 

 

 

 

(2)

Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the Maturity Date.

 

 

 

 

 

(3)

Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off Date Balance of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances of all pooled loans as reported in the

 

CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure for the "State" and "Property" stratification tables is not equal to the sum of the scheduled balance figures for each state or property, the difference is explained by loans that have been modified into a split

 

loan structure. The "State" and "Property" stratification tables do not include the balance of the subordinate note (sometimes called the B-piece or a "hope note") of a loan that has been modified into a split-loan structure. Rather, the scheduled balance for each state or property only reflects the

 

balance of the senior note (sometimes called the A-piece) of a loan that has been modified into a split-loan structure.

 

 

 

 

 

 

 

 

 

 

 

 

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Page 11 of 30

 


 

 

                           

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

 

State³

 

 

 

 

 

State³

 

 

 

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

# Of

Scheduled

% Of

 

 

Weighted Avg

State

 

 

 

WAM²

WAC

 

State

 

 

 

WAM²

WAC

 

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

Alabama

2

1,237,240.91

0.12%

24

3.5628

3.801000

Pennsylvania

9

74,290,003.59

7.14%

64

4.2091

2.656510

Arizona

3

8,065,938.46

0.78%

54

3.7389

2.964829

South Carolina

2

478,957.94

0.05%

24

3.5628

3.801000

Arkansas

1

51,738.04

0.00%

60

4.4860

1.383600

Texas

32

72,983,858.01

7.01%

50

4.1377

1.780156

California

18

162,417,896.39

15.61%

66

4.2024

2.154701

Virginia

4

2,509,528.50

0.24%

31

3.7466

3.319823

Colorado

1

7,718,450.51

0.74%

66

5.1050

1.520800

Washington

3

2,842,333.05

0.27%

63

3.9649

2.363185

Connecticut

3

18,265,512.85

1.76%

58

4.0980

2.150732

Washington, DC

2

95,000,000.00

9.13%

38

3.4304

2.645542

Florida

8

32,441,537.39

3.12%

62

4.7676

2.147179

Wisconsin

5

10,160,774.14

0.98%

56

4.4004

1.971260

Georgia

1

10,187,613.33

0.98%

64

3.7700

2.729500

Wyoming

1

152,449.42

0.01%

60

4.4860

1.383600

Illinois

8

64,654,347.99

6.21%

65

4.6057

0.283134

Totals

169

1,040,750,672.04

100.00%

60

4.1714

2.212004

Indiana

7

6,874,587.08

0.66%

29

3.6983

3.446276

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Type³

 

 

 

Iowa

3

2,894,187.38

0.28%

56

4.4840

2.056904

 

 

 

 

 

 

 

Kentucky

1

267,597.39

0.03%

60

4.4860

1.383600

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

 

 

Property Type

 

 

 

WAM²

WAC

 

Louisiana

2

5,374,370.16

0.52%

64

5.3152

2.674471

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

Maryland

5

29,726,514.93

2.86%

61

4.5899

2.034163

Industrial

27

40,534,883.37

3.89%

35

3.6213

3.498595

Massachusetts

1

50,000,000.00

4.80%

67

3.9000

5.216000

Lodging

79

141,855,119.25

13.63%

64

4.7521

1.149744

Michigan

7

48,277,020.46

4.64%

62

4.2474

1.923827

Mixed Use

6

201,810,260.35

19.39%

65

4.0608

2.811492

Minnesota

8

40,982,857.05

3.94%

63

4.6812

1.512022

Mobile Home Park

1

4,298,517.53

0.41%

66

4.5000

4.123100

Missouri

3

1,707,344.16

0.16%

24

3.5628

3.801000

Multi-Family

3

98,599,698.38

9.47%

67

4.2910

1.554819

Nevada

1

396,850.86

0.04%

24

3.5628

3.801000

Office

38

371,531,476.70

35.70%

57

3.8912

2.500029

New Jersey

5

84,527,687.69

8.12%

61

4.1825

2.495602

Retail

11

169,953,574.88

16.33%

59

4.4455

1.835297

New York

3

119,000,000.00

11.43%

64

3.8763

1.851448

Self Storage

4

12,167,141.74

1.17%

67

4.7067

2.015192

North Carolina

7

54,171,300.97

5.21%

66

4.6119

2.154896

Totals

169

1,040,750,672.04

100.00%

60

4.1714

2.212004

Ohio

9

32,323,563.99

3.11%

64

4.2896

2.143969

 

 

 

 

 

 

 

Oklahoma

3

441,005.48

0.04%

40

3.9822

2.702938

 

 

 

 

 

 

 

Oregon

1

327,604.08

0.03%

60

4.4860

1.383600

 

 

 

 

 

 

 

 

Note: Please refer to footnotes on the next page of the report.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 12 of 30

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

Note Rate

 

 

 

 

 

Seasoning

 

 

 

 

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

Note Rate

 

 

 

WAM²

WAC

 

Seasoning

 

 

 

WAM²

WAC

 

 

 

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

3.9999% or less

12

406,100,000.00

39.02%

54

3.7143

2.812380

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

4.0000% to 4.2499%

5

212,789,013.04

20.45%

65

4.1517

2.153213

13 months to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.2500% to 4.4999%

10

166,913,115.91

16.04%

63

4.3689

2.184622

25 months to 36 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.5000% to 4.7499%

10

137,960,546.15

13.26%

65

4.6290

1.128277

37 months to 48 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.7500% to 4.9999%

8

72,985,843.78

7.01%

66

4.8442

1.390989

49 months or greater

50

1,040,750,672.04

100.00%

60

4.1714

2.212004

 

5.0000% or greater

5

44,002,153.16

4.23%

47

5.1844

1.818887

Totals

50

1,040,750,672.04

100.00%

60

4.1714

2.212004

 

Totals

50

1,040,750,672.04

100.00%

60

4.1714

2.212004

 

 

 

 

 

 

 

(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.

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 13 of 30

 


 

 

                             

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

Anticipated Remaining Term (ARD and Balloon Loans)

 

 

 

Remaining Amortization Term (ARD and Balloon Loans)

 

 

 

Anticipated

# Of

Scheduled

% Of

 

 

Weighted Avg

Remaining

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

 

WAM²

WAC

 

 

Remaining Term

Loans

Balance

Agg. Bal.

 

 

DSCR¹

Amortization Term

Loans

Balance

Agg. Bal.

 

 

DSCR¹

 

60 months or less

6

128,251,379.05

12.32%

22

3.8101

2.544454

Interest Only

18

597,817,500.00

57.44%

58

3.9110

2.407899

 

61 to 84 months

44

912,499,292.99

87.68%

65

4.2221

2.165279

299 months or less

7

69,779,308.73

6.70%

65

4.9291

1.788594

 

85 months or greater

0

0.00

0.00%

0

0.0000

0.000000

300 months to 350 months

25

373,153,863.31

35.85%

62

4.4468

1.977345

 

Totals

50

1,040,750,672.04

100.00%

60

4.1714

2.212004

351 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

50

1,040,750,672.04

100.00%

60

4.1714

2.212004

(1)

Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document

 

is used. The debt service coverage ratio information was provided to the Certificate Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such information.

 

 

 

 

(2)

Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the Maturity Date.

 

 

 

 

 

(3)

Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off Date Balance of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances of all pooled loans as reported in the

 

CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure for the "State" and "Property" stratification tables is not equal to the sum of the scheduled balance figures for each state or property, the difference is explained by loans that have been modified into a split

 

loan structure. The "State" and "Property" stratification tables do not include the balance of the subordinate note (sometimes called the B-piece or a "hope note") of a loan that has been modified into a split-loan structure. Rather, the scheduled balance for each state or property only reflects the

 

balance of the senior note (sometimes called the A-piece) of a loan that has been modified into a split-loan structure.

 

 

 

 

 

 

 

 

 

 

 

 

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Page 14 of 30

 


 

 

                         

 

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

Age of Most Recent NOI

 

 

 

 

Remaining Stated Term (Fully Amortizing Loans)

 

 

Age of Most

# Of

Scheduled

% Of

 

 

Weighted Avg

Age of Most

# Of

Scheduled

% Of

Weighted Avg

 

 

 

 

 

WAM²

WAC

 

 

 

 

WAM²

WAC

 

Recent NOI

Loans

Balance

Agg. Bal.

 

 

DSCR¹

Recent NOI

Loans

Balance

Agg. Bal.

DSCR¹

Underwriter's Information

7

128,415,741.51

12.34%

65

3.8646

2.622837

 

 

 

None

 

 

12 months or less

42

901,263,828.59

86.60%

59

4.2067

2.168987

 

 

 

 

 

 

13 months to 24 months

1

11,071,101.94

1.06%

66

4.8550

0.948600

 

 

 

 

 

 

25 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

50

1,040,750,672.04

100.00%

60

4.1714

2.212004

 

 

 

 

 

(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.

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

Page 15 of 30

 


 

 

                                 

 

 

 

 

 

Mortgage Loan Detail (Part 1)

 

 

 

 

 

 

 

 

 

Prop

 

 

 

 

 

 

 

 

  Original           Adjusted

Beginning

Ending

Paid

 

 

 

Type

 

 

Interest

 

Scheduled

Scheduled

Principal

Anticipated       Maturity         Maturity

Scheduled

Scheduled

Through

 

Pros ID

Loan ID

(1)

City

State                     Accrual Type     Gross Rate

Interest

Principal

Adjustments                 Repay Date      Date

     Date

Balance

Balance

Date

 

1

309630001

OF

Jersey City

NJ

Actual/360

4.140%

249,550.00

0.00

0.00

N/A

11/01/27

--

70,000,000.00

70,000,000.00

06/01/22

 

2

309630002

MU

Santa Clarita

CA

Actual/360

4.186%

200,495.03

82,661.20

0.00

N/A

12/06/27

--

55,621,819.61

55,539,158.41

06/06/22

 

3

309630003

MF

San Jose

CA

Actual/360

2.941%

145,595.59

57,500,000.00

0.00

N/A

12/06/22

--

57,500,000.00

0.00

06/06/22

 

4

309101001

Various      Various

Various

Actual/360

3.770%

113,623.61

0.00

0.00

N/A

10/01/27

--

35,000,000.00

35,000,000.00

06/01/22

 

4A

309101002

 

 

 

Actual/360

3.770%

64,927.78

0.00

0.00

N/A

10/01/27

--

20,000,000.00

20,000,000.00

06/01/22

 

5

309071003

OF

New York

NY

Actual/360

3.605%

93,117.35

0.00

0.00

N/A

11/06/27

--

30,000,000.00

30,000,000.00

06/06/22

 

5A

309071005

 

 

 

Actual/360

3.605%

62,078.23

0.00

0.00

N/A

11/06/27

--

20,000,000.00

20,000,000.00

06/06/22

 

6

309630006

OF

Washington

DC

Actual/360

3.600%

124,000.00

0.00

0.00

N/A

11/01/27

--

40,000,000.00

40,000,000.00

06/01/22

 

6A

309630106

 

 

 

Actual/360

3.600%

31,000.00

0.00

0.00

N/A

11/01/27

--

10,000,000.00

10,000,000.00

06/01/22

 

7

309630007

MU

Chestnut Hill

MA

Actual/360

3.900%

167,916.67

0.00

0.00

N/A

01/01/28

--

50,000,000.00

50,000,000.00

06/01/22

 

8

656120771

OF

Washington

DC

Actual/360

3.242%

125,627.50

0.00

0.00

N/A

01/06/23

--

45,000,000.00

45,000,000.00

06/06/22

 

9

304101945

MF

Ann Arbor

MI

Actual/360

4.315%

160,078.39

58,548.52

0.00

N/A

12/06/27

--

43,081,688.64

43,023,140.12

06/06/22

 

10

309630010

LO

Chicago

IL

Actual/360

4.597%