Form 10-D GS Mortgage Securities For: May 12

May 26, 2022 2:36 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:   April 13, 2022 to May 12, 2022

Commission File Number of issuing entity:  333-191331-03

Central Index Key Number of issuing entity:  0001601744

GS Mortgage Securities Trust 2014-GC20
(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor:  333-191331

Central Index Key Number of depositor:  0001004158

GS Mortgage Securities Corporation II
(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001541001

Citigroup Global Markets Realty Corp.
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001541502

Goldman Sachs Mortgage Company
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001576832

MC-Five Mile Commercial Mortgage Finance LLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001567746

Redwood Commercial Mortgage Corporation
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001682511

Starwood Mortgage Funding I LLC
(Exact name of sponsor as specified in its charter)

Leah Nivison (212) 902-1000
(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)

38-3931891
38-3931892
38-7111615
(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-4

     

     

  X  

     

A-5

     

     

  X  

     

A-AB

     

     

  X  

     

A-S

     

     

  X  

     

B

     

     

  X  

     

C

     

     

  X  

     

X-A

     

     

  X  

     

X-B

     

     

  X  

     

PEZ

     

     

  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 May 12, 2022 a distribution was made to holders of the certificates issued by GS Mortgage Securities Trust 2014-GC20.

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 GS Mortgage Securities Trust 2014-GC20 in accordance with Item 1100(b) as required by Item 1121(a)(9) of Regulation AB:

Loss Information as reported on May 12, 2022

Number of Delinquencies 30+ days

% of Delinquencies 30+ days by Pool Balance

Number of Loans/REOs with Losses

Average Net Loss

1

5.50%

2

$33,665,241.77

No assets securitized by GS Mortgage Securities Corporation II (the "Depositor") and held by GS Mortgage Securities Trust 2014-GC20 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 April 13, 2022 to May 12, 2022.

The Depositor has filed a Form ABS-15G on February 14, 2022. The CIK number of the Depositor is 0001004158. There is no new activity to report at this time.

Citigroup Global Markets Realty Corp. ("CGMRC"), one of the sponsors, has filed a Form ABS-15G on February 11, 2022. The CIK number of CGMRC is 0001541001. There is no new activity to report at this time.

Goldman Sachs Mortgage Company ("GSMC"), one of the sponsors, has filed a Form ABS-15G on May 12, 2022. The CIK number of GSMC is 0001541502.

MC-Five Mile Commercial Mortgage Finance LLC ("MC-Five Mile"), one of the sponsors, has filed a Form ABS-15G on February 16, 2021. The CIK number of MC-Five Mile is 0001576832. There is no new activity to report at this time.

Redwood Commercial Mortgage Corporation ("Redwood"), one of the sponsors, has filed a Form ABS-15G on January 26, 2022. The CIK number of Redwood is 0001567746. There is no new activity to report at this time.

Starwood Mortgage Funding I LLC, ("Starwood"), one of the sponsors, has filed a Form ABS-15G on January 19, 2022. The CIK number of Starwood is 0001682511. There is no new activity to report at this time.

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 GS Mortgage Securities Trust 2014-GC20, relating to the May 12, 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.

GS Mortgage Securities Corporation II
(Depositor)

 

/s/ Leah Nivison
Leah Nivison, CEO

Date: May 26, 2022

 

 

 

     

Distribution Date:

05/12/22

GS Mortgage Securities Corporation II

Determination Date:

05/06/22

 

Next Distribution Date:

06/10/22

 

Record Date:

04/29/22

Commercial Mortgage Pass-Through Certificates

 

 

Series 2014-GC20

 

           

Table of Contents

 

 

Contacts

 

 

Section

Pages

Role

Party and Contact Information

 

 

Certificate Distribution Detail

2

Depositor

GS Mortgage Securities Corporation II

 

 

Certificate Factor Detail

3

 

Attention: Leah Nivison

(212) 902-1000

[email protected]; [email protected]

Certificate Interest Reconciliation Detail

4

 

200 West Street | New York, NY 10282 | United States

 

 

 

 

Master Servicer

KeyBank National Association

 

 

Exchangeable Certificate Detail

5

 

 

 

 

 

 

 

Andy Lindenman

(913) 317-4372

 

Additional Information

6

 

 

 

 

 

 

 

11501 Outlook Street, Suite 300 | Overland Park, KS 66211 | United States

 

Bond / Collateral Reconciliation - Cash Flows

7

Special Servicer

LNR Partners, LLC

 

 

Bond / Collateral Reconciliation - Balances

8

 

LNR CMBS Notices

(305) 695-5600

[email protected]

Current Mortgage Loan and Property Stratification

9-13

 

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

 

Mortgage Loan Detail (Part 1)

14-15

Operating Advisor

Trimont Real Estate Advisors, LLC

 

 

Mortgage Loan Detail (Part 2)

16-17

 

Trust Advisor

 

[email protected]

Principal Prepayment Detail

18

 

3500 Lenox Road, Suite G1 | Atlanta, GA 30326 | United States

 

 

Historical Detail

19

Certificate Administrator

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

 

 

 

 

 

Bank, N.A.

 

 

Delinquency Loan Detail

20

 

Corporate Trust Services (CMBS)

 

[email protected];

Collateral Stratification and Historical Detail

21

 

 

 

[email protected]

 

 

 

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

 

 

Specially Serviced Loan Detail - Part 1

22

 

 

 

 

 

 

Controlling Class

Prophet Capital Asset Management LP

 

 

Specially Serviced Loan Detail - Part 2

23

Representative

 

 

 

Modified Loan Detail

24

 

-

 

 

Historical Liquidated Loan Detail

25

 

 

 

 

Historical Bond / Collateral Loss Reconciliation Detail

26

 

 

 

 

Interest Shortfall Detail - Collateral Level

27

 

 

 

 

Supplemental Notes

28

 

 

 

 

 

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 28

 


 

                         

 

 

 

 

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

36252WAT5

1.343000%

62,817,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-2

36252WAU2

3.002000%

41,454,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-3

36252WAV0

3.680000%

176,814,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-4

36252WAW8

3.721000%

185,000,000.00

63,100,784.38

13,513,337.76

195,665.02

270,270.97

0.00

13,979,273.75

49,587,446.62

44.99%

30.00%

A-5

36252WAX6

3.998000%

272,417,000.00

272,417,000.00

0.00

907,602.64

0.00

0.00

907,602.64

272,417,000.00

44.99%

30.00%

A-AB

36252WAY4

3.655000%

88,897,000.00

31,615,393.99

2,368,395.41

96,295.22

44,937.41

0.00

2,509,628.04

29,246,998.58

44.99%

30.00%

A-S

36252WBB3

4.258000%

72,398,000.00

72,398,000.00

0.00

256,892.24

0.00

0.00

256,892.24

72,398,000.00

33.65%

23.88%

B

36252WBC1

4.529000%

78,307,000.00

78,307,000.00

0.00

295,543.67

0.00

0.00

295,543.67

78,307,000.00

21.39%

17.25%

C

36252WBE7

4.994329%

50,235,000.00

50,235,000.00

0.00

209,075.10

0.00

0.00

209,075.10

50,235,000.00

13.52%

13.00%

D

36252WAE8

4.994329%

59,100,000.00

59,100,000.00

0.00

245,970.70

0.00

0.00

245,970.70

59,100,000.00

4.26%

8.00%

E*

36252WAG3

4.494329%

29,550,000.00

27,156,209.02

0.00

64,944.06

0.00

(73,670.20)

64,944.06

27,229,879.22

0.00%

5.50%

F

36252WAJ7

3.674000%

16,252,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

4.13%

G

36252WAL2

3.674000%

11,820,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

3.13%

H

36252WAN8

3.674000%

36,938,362.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

R

36252WAQ1

0.000000%

1.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

1,181,999,363.00

654,329,387.39

15,881,733.17

2,271,988.65

315,208.38

(73,670.20)

18,468,930.20

638,521,324.42

 

 

 

 

X-A

36252WAZ1

1.017942%

899,797,000.00

439,531,178.37

0.00

372,847.65

251,671.74

0.00

624,519.39

423,649,445.20

 

 

X-B

36252WBA5

0.465329%

78,307,000.00

78,307,000.00

0.00

30,365.43

0.00

0.00

30,365.43

78,307,000.00

 

 

X-C

36252WAA6

0.500000%

29,550,000.00

27,156,209.02

0.00

11,315.09

0.00

0.00

11,315.09

27,229,879.22

 

 

X-D

36252WAC2

4.994329%

65,010,362.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

 

Notional SubTotal

 

1,072,664,362.00

544,994,387.39

0.00

414,528.17

251,671.74

0.00

666,199.91

529,186,324.42

 

 

 

Deal Distribution Total

 

 

 

15,881,733.17

2,686,516.82

566,880.12

(73,670.20)

19,135,130.11

 

 

 

 

*

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 28

 


 

                     

 

 

 

 

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

36252WAT5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-2

36252WAU2

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-3

36252WAV0

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-4

36252WAW8

341.08532097

73.04506897

1.05764876

0.00000000

0.00000000

1.46092416

0.00000000

75.56364189

268.04025200

A-5

36252WAX6

1,000.00000000

0.00000000

3.33166667

0.00000000

0.00000000

0.00000000

0.00000000

3.33166667

1,000.00000000

A-AB

36252WAY4

355.64073017

26.64201728

1.08322238

0.00000000

0.00000000

0.50549974

0.00000000

28.23073940

328.99871289

A-S

36252WBB3

1,000.00000000

0.00000000

3.54833338

0.00000000

0.00000000

0.00000000

0.00000000

3.54833338

1,000.00000000

B

36252WBC1

1,000.00000000

0.00000000

3.77416668

0.00000000

0.00000000

0.00000000

0.00000000

3.77416668

1,000.00000000

C

36252WBE7

1,000.00000000

0.00000000

4.16194088

0.00000000

0.00000000

0.00000000

0.00000000

4.16194088

1,000.00000000

D

36252WAE8

1,000.00000000

0.00000000

4.16194078

0.00000000

0.00000000

0.00000000

0.00000000

4.16194078

1,000.00000000

E

36252WAG3

918.99184501

0.00000000

2.19776853

1.24410795

48.68936717

0.00000000

(2.49306937)

2.19776853

921.48491438

F

36252WAJ7

0.00000000

0.00000000

0.00000000

0.00000000

84.59862355

0.00000000

0.00000000

0.00000000

0.00000000

G

36252WAL2

0.00000000

0.00000000

0.00000000

0.00000000

107.12253723

0.00000000

0.00000000

0.00000000

0.00000000

H

36252WAN8

0.00000000

0.00000000

0.00000000

0.00000000

110.85330367

0.00000000

0.00000000

0.00000000

0.00000000

R

36252WAQ1

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

36252WAZ1

488.47815493

0.00000000

0.41436863

0.00000000

0.00000000

0.27969835

0.00000000

0.69406698

470.82780360

X-B

36252WBA5

1,000.00000000

0.00000000

0.38777415

0.00000000

0.00000000

0.00000000

0.00000000

0.38777415

1,000.00000000

X-C

36252WAA6

918.99184501

0.00000000

0.38291337

0.00000000

0.00000000

0.00000000

0.00000000

0.38291337

921.48491438

X-D

36252WAC2

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

Page 3 of 28

 


 

                         

 

 

 

 

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

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-3

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

A-4

04/01/22 - 04/30/22

30

0.00

195,665.02

0.00

195,665.02

0.00

0.00

0.00

195,665.02

0.00

 

A-5

04/01/22 - 04/30/22

30

0.00

907,602.64

0.00

907,602.64

0.00

0.00

0.00

907,602.64

0.00

 

A-AB

04/01/22 - 04/30/22

30

0.00

96,295.22

0.00

96,295.22

0.00

0.00

0.00

96,295.22

0.00

 

X-A

04/01/22 - 04/30/22

30

0.00

372,847.65

0.00

372,847.65

0.00

0.00

0.00

372,847.65

0.00

 

X-B

04/01/22 - 04/30/22

30

0.00

30,365.43

0.00

30,365.43

0.00

0.00

0.00

30,365.43

0.00

 

A-S

04/01/22 - 04/30/22

30

0.00

256,892.24

0.00

256,892.24

0.00

0.00

0.00

256,892.24

0.00

 

B

04/01/22 - 04/30/22

30

0.00

295,543.67

0.00

295,543.67

0.00

0.00

0.00

295,543.67

0.00

 

C

04/01/22 - 04/30/22

30

0.00

209,075.10

0.00

209,075.10

0.00

0.00

0.00

209,075.10

0.00

 

X-C

04/01/22 - 04/30/22

30

0.00

11,315.09

0.00

11,315.09

0.00

0.00

0.00

11,315.09

0.00

 

X-D

N/A

N/A

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

D

04/01/22 - 04/30/22

30

0.00

245,970.70

0.00

245,970.70

0.00

0.00

0.00

245,970.70

0.00

 

E

04/01/22 - 04/30/22

30

1,396,776.10

101,707.45

0.00

101,707.45

36,763.39

0.00

0.00

64,944.06

1,438,770.80

 

F

N/A

N/A

1,370,700.20

0.00

0.00

0.00

0.00

0.00

0.00

0.00

1,374,896.83

 

G

N/A

N/A

1,262,323.58

0.00

0.00

0.00

0.00

0.00

0.00

0.00

1,266,188.39

 

H

N/A

N/A

4,082,241.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

4,094,739.46

 

Totals

 

 

8,112,040.88

2,723,280.21

0.00

2,723,280.21

36,763.39

0.00

0.00

2,686,516.82

8,174,595.48

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

Page 4 of 28

 


 

                       

 

 

 

 

Exchangeable Certificate Detail

 

 

 

 

 

 

 

Pass-Through

 

 

 

 

Prepayment

 

 

 

 

Class

CUSIP

Rate

Original Balance

 Beginning Balance                                      Principal Distribution       Interest Distribution

Penalties

 

      Realized Losses

    Total Distribution

  Ending Balance

Regular Interest

 

 

 

 

 

 

 

 

 

 

 

A-S (Cert)

36252WBB3

4.258000%

72,398,000.00

72,398,000.00

0.00

256,892.24

 

 

0.00

256,892.24

72,398,000.00

A-S (PEZ)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

B (Cert)

36252WBC1

4.529000%

78,307,000.00

78,307,000.00

0.00

295,543.67

0.00

 

0.00

295,543.67

78,307,000.00

B (PEZ)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

C (Cert)

36252WBE7

4.994329%

50,235,000.00

50,235,000.00

0.00

209,075.10

0.00

 

0.00

209,075.10

50,235,000.00

C (PEZ)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

Regular Interest Total

 

 

200,940,000.03

200,940,000.00

0.00

761,511.01

0.00

 

0.00

761,511.01

200,940,000.00

 

 

 

 

 

 

 

 

Exchangeable Certificate Details

 

 

 

     

 

 

 

 

                   

PEZ

36252WBD9

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

                   

Exchangeable Certificates Total

 

0.01

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

                   
 

 

 

 

 

 

 

0.00

 

                   

 

                   

 

                   

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Page 5 of 28

                   

 


 

     

 

Additional Information

 

Total Available Distribution Amount (1)

19,135,130.11

 

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

 

 

 

 

 

 

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Page 6 of 28

 


 

       

Bond / Collateral Reconciliation - Cash Flows

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest

 

Fees

 

Interest Paid or Advanced

2,737,645.62

Master Servicing Fee

11,802.63

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

0.00

Interest Adjustments

0.00

Trustee Fee

1,635.82

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

272.64

ARD Interest

0.00

Operating Advisor Fee

0.00

Net Prepayment Interest Excess / (Shortfall)

0.00

Asset Representations Reviewer Fee

654.33

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

Total Fees

14,365.42

Total Interest Collected

2,737,645.62

 

 

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

1,250,931.46

Reimbursement for Interest on Advances

155.91

Unscheduled Principal Collections

 

ASER Amount

27,426.85

Principal Prepayments

14,510,892.09

Special Servicing Fees (Monthly)

7,333.40

Collection of Principal after Maturity Date

0.00

Special Servicing Fees (Liquidation)

0.00

Recoveries From Liquidations and Insurance Proceeds

73,670.20

Special Servicing Fees (Work Out)

1,847.23

Excess of Prior Principal Amounts Paid

0.00

Legal Fees

0.00

Curtailments

46,239.42

Rating Agency Expenses

0.00

Negative Amortization

0.00

Taxes Imposed on Trust Fund

0.00

Principal Adjustments

0.00

Non-Recoverable Advances

0.00

 

 

Workout Delayed Reimbursement Amounts

0.00

 

 

Other Expenses

0.00

Total Principal Collected

15,881,733.17

Total Expenses/Reimbursements

36,763.39

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

566,880.12

Interest Distribution

2,686,516.82

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

15,881,733.17

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

566,880.12

 

 

Borrower Option Extension Fees

0.00

Total Other Collected

566,880.12

Total Payments to Certificateholders and Others

19,135,130.11

Total Funds Collected

19,186,258.91

Total Funds Distributed

19,186,258.92

 

 

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Page 7 of 28

 


 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

Total

 

      Total

Beginning Scheduled Collateral Balance

654,329,387.39

654,329,387.39

Beginning Certificate Balance

654,329,387.39

(-) Scheduled Principal Collections

1,250,931.46

1,250,931.46

(-) Principal Distributions

15,881,733.17

(-) Unscheduled Principal Collections

14,557,131.51

14,557,131.51

(-) Realized Losses

(73,670.20)

(-) Principal Adjustments (Cash)

0.00

0.00

Realized Loss and Realized Loss Adjustments on Collateral

(73,670.20)

(-) Principal Adjustments (Non-Cash)

0.00

0.00

Current Period NRA¹

0.00

(-) Realized Losses from Collateral

(73,670.20)

(73,670.20)

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

638,521,324.42

638,521,324.42

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

655,754,079.54

655,754,079.54

Ending Certificate Balance

638,521,324.42

Ending Actual Collateral Balance

639,993,321.89

639,993,321.89

 

 

 

 

 

 

 

NRA/WODRA Reconciliation

 

Under / Over Collateralization Reconciliation

 

 

 

Non-Recoverable Advances (NRA) from

Workout Delayed Reimbursement of Advances

 

 

 

 

Principal

(WODRA) from Principal

Beginning UC / (OC)

0.00

Beginning Cumulative Advances

0.00

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

0.00

Ending Cumulative Advances

0.00

0.00

Net WAC Rate

4.99%

 

 

 

 

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 8 of 28

 


 

                             

 

 

 

 

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

 

Defeased

14

147,205,323.92

23.05%

22

5.0933

NAP

Defeased

14

147,205,323.92

23.05%

22

5.0933

NAP

 

3,000,000 or less

1

2,335,075.47

0.37%

22

5.1300

2.270000

1.30 or less

10

176,630,528.51

27.66%

20

5.0289

1.056588

3,000,001 to 5,000,000

9

34,048,276.13

5.33%

21

5.2815

2.036336

1.31-1.40

4

75,682,339.41

11.85%

22

5.0725

1.362487

5,000,001 to 10,000,000

14

97,544,874.58

15.28%

22

4.9979

1.541754

1.41-1.50

2

17,671,600.23

2.77%

21

5.0000

1.476587

10,000,001 to 15,000,000

3

36,567,686.42

5.73%

22

5.0222

1.832305

1.51-1.60

4

57,600,611.63

9.02%

22

4.8272

1.536113

15,000,001 to 20,000,000

3

52,226,766.30

8.18%

21

5.1479

1.513036

1.61-1.70

4

48,361,675.31

7.57%

23

4.9835

1.621851

20,000,001 to 25,000,000

3

68,367,952.71

10.71%

23

4.8496

1.146454

1.71-1.80

1

5,489,486.65

0.86%

22

4.8500

1.770000

25,000,001 to 30,000,000

2

51,703,014.23

8.10%

22

4.9378

2.008705

1.81-1.90

2

17,655,057.11

2.76%

22

5.1597

1.827305

30,000,001 to 80,000,000

3

148,522,354.66

23.26%

21

4.9929

1.325421

1.91-2.20

2

24,729,906.56

3.87%

22

5.0725

2.054678

80,000,001 to 100,000,000

0

0.00

0.00%

0

0.0000

0.000000

2.21 or greater

9

67,494,795.09

10.57%

22

5.0007

2.586846

 

100,000,001 or greater

0

0.00

0.00%

0

0.0000

0.000000

Totals

52

638,521,324.42

100.00%

21

5.0273

1.495994

 

Totals

52

638,521,324.42

100.00%

21

5.0273

1.495994

 

 

 

 

 

 

 

(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 9 of 28

 


 

                           

 

 

 

Current Mortgage Loan and Property Stratification

 

 

 

 

 

 

 

 

 

 

 

State³

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                  Property Type³

 

 

 

 

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

 

 

 

 

 

 

State

 

 

 

WAM²

WAC

 

 

# Of

Scheduled

% Of

 

 

Weighted Avg

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

Property Type

 

 

 

WAM²

WAC

 

 

 

 

 

 

 

 

 

Properties

Balance

Agg. Bal.

 

 

DSCR¹

 

Defeased

24

147,205,323.92

23.05%

22

5.0933

NAP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Defeased

24

147,205,323.92

23.05%

22

5.0933

NAP

California

2

35,508,898.46

5.56%

23

4.7893

2.339365

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lodging

6

67,686,881.69

10.60%

23

4.9651

1.159795

Colorado

1

4,000,000.00

0.63%

20

4.8900

2.450000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed Use

3

131,610,679.56

20.61%

20

5.0555

1.236684

Connecticut

1

22,392,140.45

3.51%

22

4.6900

1.530000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mobile Home Park

1

3,032,438.32

0.47%

23

5.1300

1.680000

Delaware

1

34,470,422.21

5.40%

22

4.9900

1.370000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Family

8

61,432,233.78

9.62%

22

5.0671

1.894068

Florida

2

19,439,076.96

3.04%

21

5.1760

1.607572

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Office

9

61,237,980.46

9.59%

22

5.1370

1.725423

Georgia

4

14,730,475.63

2.31%

21

5.1904

1.649310

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

14

129,976,520.70

20.36%

22

4.9274

1.720346

Indiana

4

11,195,140.08

1.75%

21

5.0717

1.520293

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Self Storage

6

36,339,265.98

5.69%

21

4.8696

1.600449

Louisiana

1

3,735,080.47

0.58%

22

5.2100

1.200000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

71

638,521,324.42

100.00%

21

5.0273

1.495994

Michigan

5

37,110,566.91

5.81%

22

5.0673

2.227608

 

 

 

 

 

 

 

 

Missouri

1

6,176,216.13

0.97%

23

5.2900

1.380000

 

 

 

 

 

 

 

 

New York

1

18,216,736.67

2.85%

20

5.4200

1.230000

 

 

 

 

 

 

 

 

North Carolina

2

14,822,173.49

2.32%

22

4.9570

1.492957

 

 

 

 

 

 

 

 

Ohio

2

87,827,881.22

13.75%

19

5.0020

1.141474

 

 

 

 

 

 

 

 

Oklahoma

3

23,612,418.06

3.70%

23

4.8870

0.410000

 

 

 

 

 

 

 

 

Oregon

1

3,122,950.01

0.49%

22

5.2500

2.230000

 

 

 

 

 

 

 

 

Pennsylvania

2

24,928,352.43

3.90%

22

5.0279

1.529889

 

 

 

 

 

 

 

 

South Carolina

1

5,050,293.46

0.79%

22

4.8095

1.260000

 

 

 

 

 

 

 

 

Tennessee

5

25,703,014.23

4.03%

21

5.1500

1.360000

 

 

 

 

 

 

 

 

Texas

6

70,649,001.78

11.06%

22

4.9960

1.727908

 

 

 

 

 

 

 

 

West Virginia

1

22,363,394.20

3.50%

23

4.9700

1.540000

 

 

 

 

 

 

 

 

Wisconsin

1

6,261,767.64

0.98%

22

4.8150

1.620000

 

 

 

 

 

 

 

 

Totals

71

638,521,324.42

100.00%

21

5.0273

1.495994

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 10 of 28

 


 

                             

 

 

 

 

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

 

Defeased

14

147,205,323.92

23.05%

22

5.0933

NAP

Defeased

14

147,205,323.92

23.05%

22

5.0933

NAP

 

4.750% or less

3

57,889,481.10

9.07%

22

4.7109

2.034668

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

4.751% to 5.000%

12

249,641,527.99

39.10%

21

4.9646

1.339606

13 to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

5.001% to 5.250%

17

140,736,601.42

22.04%

21

5.0781

1.590833

25 to 36 months

0

0.00

0.00%

0

0.0000

0.000000

 

5.251% to 5.500%

5

38,673,859.87

6.06%

21

5.3854

1.566200

37 to 48 months

0

0.00

0.00%

0

0.0000

0.000000

 

5.501% to 5.750%

0

0.00

0.00%

0

0.0000

0.000000

49 months or greater

38

491,316,000.50

76.95%

21

5.0075

1.526798

 

5.751% or greater

1

4,374,530.12

0.69%

20

5.7650

3.080000

Totals

52

638,521,324.42

100.00%

21

5.0273

1.495994

 

Totals

52

638,521,324.42

100.00%

21

5.0273

1.495994

 

 

 

 

 

 

 

(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 28

 


 

                             

 

 

 

 

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

 

Defeased

14

147,205,323.92

23.05%

22

5.0933

NAP

Defeased

14

147,205,323.92

23.05%

22

5.0933

NAP

 

60 months or less

38

491,316,000.50

76.95%

21

5.0075

1.526798

Interest Only

2

30,000,000.00

4.70%

23

4.7496

2.623333

 

61 months or greater

0

0.00

0.00%

0

0.0000

0.000000

300 months or less

36

461,316,000.50

72.25%

21

5.0243

1.455489

 

Totals

52

638,521,324.42

100.00%

21

5.0273

1.495994

301 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

52

638,521,324.42

100.00%

21

5.0273

1.495994

(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 12 of 28

 


 

                         

 

 

 

 

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

 

Defeased

14

147,205,323.92

23.05%

22

5.0933

NAP

 

 

 

None

 

Underwriter's Information

2

43,291,113.54

6.78%

22

4.9932

1.580598

 

 

 

 

 

 

12 months or less

33

412,756,437.61

64.64%

21

5.0071

1.486896

 

 

 

 

 

 

13 to 24 months

2

21,977,921.11

3.44%

22

5.0179

1.998949

 

 

 

 

 

 

25 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

52

638,521,324.42

100.00%

21

5.0273

1.495994

 

 

 

 

 

(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 28

 


 

                                 

 

 

 

 

 

 

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

Loan Group

(1)

City

State               Accrual Type      Gross Rate

Interest

Principal

Adjustments              Repay Date       Date

   Date

Balance

Balance

Date

2

10085524

1

MU

Beavercreek

OH

Actual/360

5.000%

329,488.22

153,651.24

0.00

N/A

12/01/23

--

79,077,171.92

78,923,520.68

05/01/22

6

10085528

1

LO

Houston

TX

Actual/360

4.980%

146,081.33

71,907.86

0.00

N/A

04/06/24

--

35,200,319.63

35,128,411.77

07/06/20

7

10085529

1

MU

Wilmington

DE

Actual/360

4.990%

143,578.61

57,500.38

0.00

N/A

03/06/24

--

34,527,922.59

34,470,422.21

05/06/22

9

10085531

1

SS

Various

Various

Actual/360

5.220%

112,854.82

52,249.29

0.00

N/A

01/06/24

--

25,943,635.78

25,891,386.49

05/06/22

10

10084814

1

MF

Miami

FL

Actual/360

4.790%

112,337.93

42,260.09

0.00

N/A

04/05/24

--

28,143,114.16

28,100,854.07

05/05/22

11

10085532

1

LO

Various

OK

Actual/360

4.887%

96,708.32

134,254.47

0.00

N/A

04/06/24

--

23,746,672.53

23,612,418.06

05/01/22

12

10086067

1

OF

Various

TN

Actual/360

5.150%

110,502.39

45,115.08

0.00

N/A

02/06/24

--

25,748,129.31

25,703,014.23

05/06/22

14

10085534

1

RT

Fullerton

CA

Actual/360

4.728%

102,440.00

0.00

0.00

N/A

04/06/24

--

26,000,000.00

26,000,000.00

05/06/22

15

10085535

1

RT

Sebring

FL

Actual/360

4.898%

85,783.87

43,676.38

0.00

N/A

03/06/24

--

21,019,018.81

20,975,342.43

05/06/22

16

10084827