Close

Form 10-D Morgan Stanley Bank of For: Jul 16

July 27, 2021 4:06 PM EDT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549

FORM 10-D

ASSET BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from:   June 18, 2021 to July 16, 2021

Commission File Number of issuing entity:  333-177707-02

Central Index Key Number of issuing entity:  0001582037

Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11
(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor:  333-177707

Central Index Key Number of depositor:  0001005007

Banc of America Merrill Lynch Commercial Mortgage Inc.
(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001102113

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

Central Index Key Number of sponsor (if applicable):  0001541557

Morgan Stanley Mortgage Capital Holdings LLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001548567

CIBC Inc.
(Exact name of sponsor as specified in its charter)

W. Todd Stillerman (980) 388-7451
(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)

38-3913695
38-3913696
38-3913697
38-7103172
(I.R.S. Employer Identification No.)

c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices of the issuing entity) (Zip Code)

(410) 884-2000
(Telephone number, including area code)

Not Applicable
(Former name, former address, if changed since last report)

 

Registered/reporting pursuant to (check one)

Title of Class

Section 12(b)

Section 12(g)

Section 15(d)

Name of Exchange (If Section 12(b))

A-1

     

     

  X  

     

A-2

     

     

  X  

     

A-AB

     

     

  X  

     

A-3

     

     

  X  

     

A-4

     

     

  X  

     

A-S

     

     

  X  

     

B

     

     

  X  

     

C

     

     

  X  

     

PST

     

     

  X  

     

X-A

     

     

  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 July 16, 2021 a distribution was made to holders of the certificates issued by Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11.

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 Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11 in accordance with Item 1100(b) as required by Item 1121(a)(9) of Regulation AB:

Loss Information as reported on July 16, 2021

Number of Delinquencies 30+ days

% of Delinquencies 30+ days by Pool Balance

Number of Loans/REOs with Losses

Average Net Loss

8

39.85%

2

$22,744,837.95

No assets securitized by Banc of America Merrill Lynch Commercial Mortgage Inc. (the "Depositor") and held by Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11 were the subject of a demand to repurchase or replace for breach of the representations and warranties during the monthly distribution period from June 18, 2021 to July 16, 2021.

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 May 12, 2021. The CIK number for the Depositor is 0001005007.

Bank of America, National Association filed its most recent Form ABS-15G on May 12, 2021. The CIK number for Bank of America, National Association is 0001102113.

Morgan Stanley Mortgage Capital Holdings LLC ("Morgan Stanley") one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on May 17, 2021. The Central Index Key number for Morgan Stanley is 0001541557.

CIBC Inc. ("CIBC") one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 9, 2021. The Central Index Key number for CIBC is 0001548567.

Part II - OTHER INFORMATION

Item 2. Legal Proceedings.

 

Deutsche Bank Trust Company Americas has furnished the Depositor with the following information regarding legal proceedings with respect to itself:

 

Disclosure from Deutsche Bank Trust Company Americas, as trustee, as certificate administrator, and as custodian:

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

 

On June 18, 2014, a group of investors, including funds managed by Blackrock Advisors, LLC, PIMCO-Advisors, L.P., and others, filed an action against DBNTC and DBTCA in New York State Supreme Court alleging that DBNTC and DBTCA failed to perform purported duties, as trustees for 544 private-label RMBS trusts, to enforce breaches of representations and warranties as to mortgage loans held by the trusts and to enforce breaches by servicers of their mortgage loan servicing obligations for the trusts.  During the course of the litigation, plaintiffs dismissed the case from New York State Supreme Court and refiled two separate cases, one in the U.S. District Court for the Southern District of New York (the “BlackRock SDNY Case”) and the other in the Superior Court of California, Orange County (the “BlackRock California Case”).  Pursuant to a settlement among the parties, the BlackRock SDNY Case was dismissed on December 6, 2018 and the BlackRock California Case was dismissed on January 11, 2019.

 

On September 27, 2017, DBTCA was added as a defendant to a case brought by certain special purpose entities including Phoenix Light SF Limited in the U.S. District Court for the Southern District of New York, in which the plaintiffs previously alleged incorrectly that DBNTC served as trustee for all 43 of the trusts at issue.  On September 27, 2017, plaintiffs filed a third amended complaint that names DBTCA as a defendant in addition to DBNTC.  DBTCA serves as trustee for one of the 43 trusts at issue.  DBNTC serves as trustee for the other 42 trusts at issue.  Plaintiffs’ third amended complaint brings claims for violation of the U.S. Trust Indenture Act of 1939 (“TIA”); breach of contract; breach of fiduciary duty; negligence and gross negligence; violation of the New York Streit Act (“Streit Act”); and breach of the covenant of good faith.  However, in the third amended complaint, plaintiffs acknowledge that, before DBTCA was added to the case, the court dismissed plaintiffs’ TIA claims, negligence and gross negligence claims, Streit Act claims, claims for breach of the covenant of good faith, and certain theories of plaintiffs’ breach of contract claims, and plaintiffs only include these claims to preserve any rights on appeal.  Plaintiffs allege damages of “hundreds of millions of dollars.”  On November 13, 2017, DBNTC and DBTCA filed an answer to the third amended complaint.  On December 7, 2018, DBNTC and DBTCA filed a motion for summary judgment.  Also on December 7, 2018, plaintiffs, jointly with Commerzbank AG (see description of Commerzbank case below), filed a motion for partial summary judgment.  As of March 8, 2019, both motions for summary judgment were fully briefed.  As of June 21, 2021, they were still awaiting decision by the court.  Discovery is ongoing.

 

On November 30, 2017, DBTCA was added as a defendant to a case brought by Commerzbank AG (“Commerzbank”) in the U.S. District Court for the Southern District of New York, in which Commerzbank previously alleged incorrectly that DBNTC served as trustee for all 50 of the trusts at issue.  On November 30, 2017, Commerzbank filed a second amended complaint that names DBTCA as a defendant in addition to DBNTC.  DBTCA serves as trustee for 1 of the 50 trusts at issue.  DBNTC serves as trustee for the other 49 trusts at issue.  Commerzbank’s second amended complaint brings claims for violation of the TIA; breach of contract; breach of fiduciary duty; negligence; violation of the Streit Act; and breach of the covenant of good faith.  However, in the second amended complaint, Commerzbank acknowledges that, before DBTCA was added to the case, the court dismissed Commerzbank’s TIA claims for the trusts governed by pooling and servicing agreements, as well as its Streit Act claims and claims for breach of the covenant of good faith, and Commerzbank only includes these claims to preserve any rights on appeal.  The second amended complaint alleges that DBNTC and DBTCA caused Commerzbank to suffer “hundreds of millions of dollars in losses,” but the complaint does not include a demand for money damages in a sum certain.  On January 29, 2018, DBNTC and DBTCA filed an answer to the second amended complaint.  On December 7, 2018, DBNTC and DBTCA filed a motion for summary judgment.  Also on December 7, 2018, Commerzbank, jointly with the Phoenix Light plaintiffs, filed a motion for partial summary judgment.  As of March 8, 2019, both motions for summary judgment were fully briefed.  As of June 21, 2021, they were still awaiting decision by the court.  Discovery is ongoing.

 

On December 30, 2015, IKB International, S.A. in Liquidation and IKB Deutsche Industriebank A.G. (collectively, “IKB”), as an investor in 37 RMBS trusts, filed a summons with notice in the Supreme Court of the State of New York, New York County, against DBNTC and DBTCA as trustees of the trusts. On May 27, 2016, IKB served its complaint asserting claims for breach of contract, breach of fiduciary duty, breach of duty to avoid conflicts of interest, violation of the Streit Act, violation of the TIA, violation of Regulation AB, and violation of Section 9 of the Uniform Commercial Code. IKB alleges that DBNTC and DBTCA are liable for over U.S. $268 million in damages. On October 5, 2016, DBNTC and DBTCA, together with several other trustees defending lawsuits by IKB, filed a joint motion to dismiss. On January 6, 2017, IKB filed a notice of discontinuance, voluntarily dismissing with prejudice all claims as to three trusts. On June 20, 2017, the parties filed a stipulation, voluntarily dismissing with prejudice all claims as to four additional trusts. On January 27, 2021, the court granted in part and denied in part DBNTC and DBTCA’s motion to dismiss. The court granted the motion to dismiss with respect to IKB’s claims for violations of the Streit Act, Regulation AB, and Section 9 of the Uniform Commercial Code, as well as certain aspects of IKB’s claims for breach of contract, breach of fiduciary duty, and violation of the TIA. The court denied the remainder of the motion to dismiss. IKB’s remaining claims for breach of contract, breach of fiduciary duty, breach of duty to avoid conflicts of interest, and violation of the TIA will proceed. On May 10, 2021, DBNTC and DBTCA filed a notice of appeal with the New York Supreme Court Appellate Division, First Department, regarding certain aspects of the court’s order on the motion to dismiss. On May 20, 2021, IKB filed a notice of cross appeal with respect to other aspects of that order. On June 2, 2021, IKB filed a motion for re-argument regarding certain aspects of that order. As of July 12, 2021, that motion was fully briefed and was awaiting decision by the court.  On May 13, 2021, DBNTC and DBTCA filed an answer to the complaint. Discovery is ongoing.

 

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

Item 6. Significant Obligors of Pool Assets.

The Mall at Tuttle Crossing mortgage loan constitutes a significant obligor within the meaning of Item 1101(k)(2) of Regulation AB and as disclosed in the Prospectus Supplement for Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11. In accordance with Item 1112(b) of Regulation AB, the most recent unaudited net operating income of the significant obligor was $1,956,141.59, a year-to-date figure for the period of January 1, 2021 through March 31, 2021.

 

The Westfield Countryside mortgage loan constitutes a significant obligor within the meaning of Item 1101(k)(2) of Regulation AB and as disclosed in the Prospectus Supplement for Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11. In accordance with Item 1112(b) of Regulation AB, the most recent unaudited net operating income of the significant obligor was $2,942,146.50, a year-to-date figure for the period of January 1, 2021 through March 31, 2021.

Item 10. Exhibits.

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

(99.1) Monthly report distributed to holders of the certificates issued by Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11, relating to the July 16, 2021 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.

Banc of America Merrill Lynch Commercial Mortgage Inc.
(Depositor)

 

/s/ Leland F. Bunch III
Leland F. Bunch III, President and Chief Executive Officer

Date: July 23, 2021

 

 

 

       

 

 

For Additional Information, please contact

 

 

Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11

CTSLink Customer Service

 

 

 

1-866-846-4526

 

Wells Fargo Bank, N.A.

Commercial Mortgage Pass Through Certificates

Reports Available www.ctslink.com

Corporate Trust Services

Series 2013-C11

Payment Date:

7/16/21

8480 Stagecoach Circle

 

Record Date:

6/30/21

Frederick, MD 21701-4747

 

Determination Date:

7/12/21

 

         

 

                                            DISTRIBUTION DATE STATEMENT

 

 

 

                                            Table of Contents

 

 

 

 

STATEMENT SECTIONS

 

PAGE(s)

 

 

Certificate Distribution Detail

 

2

 

 

Certificate Factor Detail

 

3

 

 

Exchangeable Certificates Detail

 

4

 

 

Reconciliation Detail

 

5

 

 

Other Required Information

 

6

 

 

Cash Reconciliation

 

7

 

 

Current Mortgage Loan and Property Stratification Tables

8 - 10

 

 

Mortgage Loan Detail

 

11 - 12

 

 

NOI Detail

 

13 - 14

 

 

Principal Prepayment Detail

 

15

 

 

Historical Detail

 

16

 

 

Delinquency Loan Detail

 

17

 

 

Specially Serviced Loan Detail

 

18 - 21

 

 

Advance Summary

 

22

 

 

Modified Loan Detail

 

23

 

 

Historical Liquidated Loan Detail

 

24

 

 

Historical Bond/Collateral Loss Reconciliation Detail

25

 

 

Interest Shortfall Reconciliation Detail

 

26 - 27

 

 

Defeased Loan Detail

 

28

 

 

Depositor

Master Servicer

Special Servicer

 

Trust Advisor

 

Banc of America Merrill Lynch

Wells Fargo Bank, N.A.

Midland Loan Services

 

Situs Holdings, LLC

Commercial Mortgage Inc.

1901 Harrison Street

A Division of PNC Bank, N.A.

2 Embarcadero Center, Suite 1300

Bank of America Tower

Oakland, CA 94612

10851 Mastin Street, Building 82

San Francisco, CA 94111

One Bryant Park

 

Overland Park, KS 66210

 

 

 

New York, NY 10036

Contact:

 

 

 

Contact: Leland F. Bunch, III

[email protected]

Contact: askmidlandls.com

 

Contact: George Wisniewski

Phone Number: (646) 855-3953

 

Phone Number: (913) 253-9000

Phone Number: (415) 374-2832

 

This report is compiled by Wells Fargo Bank, N.A. from information provided by third parties. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of the information.

Please visit www.ctslink.com for additional information and special notices. In addition, certificateholders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526.

   

Copyright 2021, Wells Fargo Bank, N.A.

Page 1 of 28

 


 

 

                       

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

 

Pass-Through

 

 

 

 

 

 

 

 

 

Class

CUSIP

 

   Original

   Beginning

   Principal

     Interest

     Prepayment

Realized Loss /

   Total

   Ending

Current

 

 

Rate

   Balance

   Balance

    Distribution

     Distribution

     Penalties

Additional Trust

   Distribution

    Balance

Subordination

 

 

 

 

 

 

 

 

Fund Expenses

 

 

Level (1)

 

A-1

61762TAA4

1.308000%

53,000,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

A-2

61762TAB2

3.085000%

142,000,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

A-AB

61762TAC0

3.845000%

72,980,000.00

32,915,535.45

887,771.52

105,466.86

0.00

0.00

993,238.38

32,027,763.93

37.11%

A-3

61762TAD8

3.960000%

125,000,000.00

119,790,422.15

0.00

395,308.39

0.00

0.00

395,308.39

 119,790,422.15

37.11%

A-4

61762TAE6

4.154243%

206,448,000.00

206,448,000.00

0.00

714,696.03

0.00

0.00

714,696.03

 206,448,000.00

37.11%

A-S

61762TAG1

4.354243%

49,239,000.00

49,239,000.00

0.00

178,665.49

0.00

0.00

178,665.49

49,239,000.00

28.47%

B

61762TAH9

4.354243%

61,013,000.00

61,013,000.00

0.00

221,387.88

0.00

0.00

221,387.88

61,013,000.00

17.76%

C

61762TAK2

4.354243%

34,253,000.00

34,253,000.00

0.00

12,559.75

0.00

0.00

12,559.75

34,253,000.00

11.74%

D

61762TAN6

4.354243%

38,535,000.00

38,535,000.00

0.00

0.00

0.00

0.00

0.00

38,535,000.00

4.98%

E

61762TAQ9

4.354243%

9,634,000.00

9,634,000.00

0.00

0.00

0.00

0.00

0.00

9,634,000.00

3.29%

F

61762TAS5

4.354243%

8,563,000.00

8,563,000.00

0.00

0.00

0.00

0.00

0.00

8,563,000.00

1.79%

G

61762TAU0

3.685000%

20,338,000.00

10,172,070.65

0.00

0.00

0.00

0.00

0.00

10,172,070.65

0.00%

H

61762TAW6

3.685000%

10,747,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

J

61762TAY2

3.685000%

24,576,746.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

R

61762TBA3

0.000000%

1.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

 

Totals

 

 

856,326,747.00

570,563,028.25

887,771.52

1,628,084.40

0.00

0.00

2,515,855.92

  569,675,256.73

 

 

 

 

 

 

Original

Beginning

 

 

 

Ending

 

 

 

Class

CUSIP

Pass-Through

Notional

Notional

    Interest

    Prepayment

  Total

Notional

 

 

 

 

 

Rate

Amount

Amount

    Distribution

    Penalties

  Distribution

Amount

 

 

 

 

X-A

61762TAF3

0.293128%

599,428,000.00

359,153,957.60

87,731.83

0.00

87,731.83

358,266,186.08

 

 

 

X-B

61762TAL0

0.669243%

55,661,746.00

10,172,070.65

5,672.99

0.00

5,672.99

10,172,070.65

 

 

 

 

(1) Calculated by taking (A) the sum of the ending certificate balance of all classes less (B) the sum of (i) the ending certificate balance of the designated class and (ii) the ending certificate

 

 

 

balance of all classes which are not subordinate to the designated class and dividing the result by (A).

 

 

 

 

 

 

 

 

(2) The balances of the Class A-S, Class B, Class C certificates represent the balance of their respective Regular Interest, as detailed in the Pooling and Servicing Agreement. A portion of these classes may be exchanged

 

and held in Class PST. For details on the current status and payments of Class PST, see page 4.

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

Page 2 of 28

 


 

 

               

 

 

 

Certificate Factor Detail

 

 

 

 

 

 

 

     Beginning

     Principal

      Interest

       Prepayment

      Realized Loss /

     Ending

Class

CUSIP

 

 

 

 

      Additional Trust

 

 

 

    Balance

     Distribution

     Distribution

       Penalties

 

     Balance

 

 

 

 

 

 

      Fund Expenses

 

A-1

61762TAA4

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-2

61762TAB2

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-AB

61762TAC0

451.02131337

12.16458646

1.44514744

0.00000000

0.00000000

438.85672691

A-3

61762TAD8

958.32337720

0.00000000

3.16246712

0.00000000

0.00000000

958.32337720

A-4

61762TAE6

1,000.00000000

0.00000000

3.46186948

0.00000000

0.00000000

1,000.00000000

A-S

61762TAG1

1,000.00000000

0.00000000

3.62853612

0.00000000

0.00000000

1,000.00000000

B

61762TAH9

1,000.00000000

0.00000000

3.62853621

0.00000000

0.00000000

1,000.00000000

C

61762TAK2

1,000.00000000

0.00000000

0.36667591

0.00000000

0.00000000

1,000.00000000

D

61762TAN6

1,000.00000000

0.00000000

0.00000000

0.00000000

0.00000000

1,000.00000000

E

61762TAQ9

1,000.00000000

0.00000000

0.00000000

0.00000000

0.00000000

1,000.00000000

F

61762TAS5

1,000.00000000

0.00000000

0.00000000

0.00000000

0.00000000

1,000.00000000

G

61762TAU0

500.15098092

0.00000000

0.00000000

0.00000000

0.00000000

500.15098092

H

61762TAW6

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

J

61762TAY2

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

R

61762TBA3

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

 

 

      Beginning

 

 

    Ending

 

 

Class

CUSIP

     Notional

       Interest

      Prepayment

   Notional

 

 

 

 

     Amount

      Distribution

     Penalties

    Amount

 

 

X-A

61762TAF3

599.16112961

0.14635925

0.00000000

597.68009849

 

 

X-B

61762TAL0

182.74796213

0.10191901

0.00000000

182.74796213

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

Page 3 of 28

 


 

 

                               

 

 

 

 

 

 

Exchangeable Certificates Detail

 

 

 

 

 

 

 

Class \

 

Original

 

   Original

    Current Period

 Current Period

    Percent of Current

Current Period

Percent of Current

 

 

 

CUSIP

 

 

  Exchangeable

 Beginning

 Balance held as

     Period Balance held

Balance held in

Period Balance held

 

 

Component

 

Balance

 

   Balance

 

 Balance

   Class PST

     as Class PST

Exchangeable

in Exchangeable

 

 

 

A-S

61762TAG1

49,239,000.00          49,239,000.00

49,239,000.00

    0.00

 

 

0.00%

49,239,000.00

100.00%

 

 

B

61762TAH9

61,013,000.00          61,013,000.00

61,013,000.00

    0.00

 

 

0.00%

61,013,000.00

100.00%

 

 

C

61762TAK2

34,253,000.00

  34,253,000.00

34,253,000.00

    0.00

 

 

0.00%

34,253,000.00

100.00%

 

 

PST Totals

61762MCA7

 

 

144,505,000.00

 

    0.00

 

 

 

 

 

 

 

 

 

 

Class \

 

Interest

 

 

 

Principal

 

 

Prepayment Penalties

Realized Losses

 

 

Component

PST

Non-PST

Total

PST

Non-PST

Total

    PST

Non-PST

      Total

PST

Non-PST

     Total

 

 

A-S

0.00

178,665.49

178,665.49

0.00

0.00

0.00

 

0.00

0.00

0.00

0.00

0.00

0.00

 

B

0.00

221,387.88

221,387.88

0.00

0.00

0.00

 

0.00

0.00

0.00

0.00

0.00

0.00

 

C

0.00

12,559.75

12,559.75

0.00

0.00

0.00

 

0.00

0.00

0.00

0.00

0.00

0.00

 

PST Totals

0.00

Factor:

0.00000000

0.00

Factor:

0.00000000

 

0.00

Factor:

0.00000000

0.00

Factor:

0.00000000

 

 

 

Up to the full certificate balance of the Class A-S, Class B and Class C certificates may be exchanged for Class PST certificates, and Class PST certificates may be exchanged for up to the full

 

certificate balance of the Class A-S, Class B and Class C certificates.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

Page 4 of 28

 


 

 

                       

 

 

 

 

 

Reconciliation Detail

 

 

 

 

Principal Reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

Stated Beginning Principal

Unpaid Beginning

       Scheduled Principal

Unscheduled

Principal

Realized Loss

Stated Ending

Unpaid Ending

Current Principal

 

Balance

 

Principal Balance

 

 

Principal

Adjustments

 

Principal Balance

Principal Balance

Distribution Amount

 

Total

           570,563,028.25

574,604,808.25

1,221,893.61

0.00

(334,122.09)

0.00

569,675,256.73

573,961,282.69

887,771.52

 

 

Certificate Interest Reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

 

     Accrued

Net Aggregate

Distributable

Distributable

   

 

Remaining Unpaid

 

Accrual

Accrual

 

     

WAC CAP

Interest

    Interest

 

Class

 

 

     Certificate

Prepayment

Certificate

Certificate Interest

   

 

Distributable

 

Dates

Days

 

 

     

Shortfall

Shortfall/(Excess)

   Distribution

 

 

 

 

     Interest

Interest Shortfall

Interest

Adjustment

   

 

Certificate Interest

 

A-1

N/A

N/A

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

A-AB

06/01/2021 - 06/30/2021

30

105,466.86

0.00

105,466.86

0.00

0.00

0.00

105,466.86

0.00

A-3

06/01/2021 - 06/30/2021

30

395,308.39

0.00

395,308.39

0.00

0.00

0.00

395,308.39

0.00

A-4

06/01/2021 - 06/30/2021

30

714,696.03

0.00

714,696.03

0.00

0.00

0.00

714,696.03

0.00

A-S

06/01/2021 - 06/30/2021

30

178,665.49

0.00

178,665.49

0.00

0.00

0.00

178,665.49

0.00

B

06/01/2021 - 06/30/2021

30

221,387.88

0.00

221,387.88

0.00

0.00

0.00

221,387.88

0.00

C

06/01/2021 - 06/30/2021

30

124,288.25

0.00

124,288.25

0.00

0.00

111,728.49

12,559.75

235,635.63

D

06/01/2021 - 06/30/2021

30

139,825.64

0.00

139,825.64

0.00

0.00

139,825.64

0.00

812,828.75

E

06/01/2021 - 06/30/2021

30

34,957.32

0.00

34,957.32

0.00

0.00

34,957.32

0.00

246,913.11

F

06/01/2021 - 06/30/2021

30

31,071.15

0.00

31,071.15

0.00

0.00

31,071.15

0.00

308,461.62

G

06/01/2021 - 06/30/2021

30

31,236.73

0.00

31,236.73

0.00

0.00

31,236.73

0.00

383,571.67

H

N/A

N/A

0.00

 

0.00

0.00

0.00

0.00

0.00

0.00

0.00

J

N/A

N/A

0.00

 

0.00

0.00

0.00

0.00

0.00

0.00

351,165.20

R

N/A

N/A

0.00

 

0.00

0.00

0.00

0.00

0.00

0.00

0.00

X-A

06/01/2021 - 06/30/2021

30

87,731.83

0.00

87,731.83

0.00

0.00

0.00

87,731.83

0.00

X-B

06/01/2021 - 06/30/2021

30

5,672.99

0.00

5,672.99

0.00

0.00

0.00

5,672.99

0.00

 

Totals

 

 

2,070,308.56

0.00

2,070,308.56

0.00

0.00

348,819.33

1,721,489.22

2,338,575.98

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

Page 5 of 28

 


 

 

             

 

Other Required Information

 

 

 

 

 

 

Available Distribution Amount (1)

2,609,260.74

Appraisal Reduction Amount

 

 

 

 

 

 

Loan

Loan

Appraisal

Cumulative

Date Appraisal

 

 

Number

Group

Reduction

ASER

Reduction

 

 

 

 

Amount

Amount

Effected

 

 

1340373

 

9,333,436.01

191,247.53

3/11/21

 

 

453000180

 

21,207,354.38

434,551.06

3/11/21

 

 

453000182

 

318,015.74

6,516.32

3/11/21

 

 

453000184

 

9,187,792.76

127,809.85

3/11/21

 

 

453000186

 

5,785,599.09

80,482.49

3/11/21

 

 

300681002

 

32,543,361.98

298,321.06

6/11/21

 

 

300681005

 

11,380,904.32

245,637.86

3/11/21

 

 

300681036

 

0.00

15,148.31

5/11/21

 

 

Total

 

89,756,464.28

1,399,714.48

 

 

 

 

 

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

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

Page 6 of 28

 


 

 

       

 

                       Cash Reconciliation Detail

 

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest:

 

Fees:

 

Scheduled Interest

2,081,131.13

Master Servicing Fee - Wells Fargo Bank, N.A.

9,105.92

Interest reductions due to Nonrecoverability Determinations

0.00

Trustee Fee - Deutsche Bank Trust Company Americas

166.41

Interest Adjustments

1,443.00

Certificate Administrator Fee - Wells Fargo Bank, N.A.

2,258.48

Deferred Interest

0.00

CREFC License Fee

237.73

ARD Interest

0.00

Trust Advisor Fee - Situs Holdings, LLC

497.03

Net Prepayment Interest Shortfall

0.00

Total Fees

12,265.57

Net Prepayment Interest Excess

0.00

 

 

Extension Interest

0.00

Additional Trust Fund Expenses:

 

Interest Reserve Withdrawal

0.00

Reimbursement for Interest on Advances

0.00

Total Interest Collected

2,082,574.13

ASER Amount

293,556.26

Principal:

 

Special Servicing Fee

45,135.01

Scheduled Principal

1,221,893.61

Rating Agency Expenses

0.00

Unscheduled Principal

0.00

Attorney Fees & Expenses

0.00

Principal Prepayments

0.00

Bankruptcy Expense

0.00

Collection of Principal after Maturity Date

0.00

Taxes Imposed on Trust Fund

0.00

Recoveries from Liquidation and Insurance Proceeds

0.00

Non-Recoverable Advances

0.00

Excess of Prior Principal Amounts paid

0.00

Workout Delayed Reimbursement Amounts

0.00

Curtailments

0.00

Other Expenses

0.00

Negative Amortization

0.00

Total Additional Trust Fund Expenses

338,691.27

Principal Adjustments

(334,122.09)

Interest Reserve Deposit

0.00

Total Principal Collected

887,771.52

Payments to Certificateholders & Others:

 

Other:

 

Interest Distribution

1,721,489.22

Prepayment Penalties/Yield Maintenance

0.00

Principal Distribution

887,771.52

Repayment Fees

0.00

Prepayment Penalties/Yield Maintenance

0.00

Borrower Option Extension Fees

0.00

Borrower Option Extension Fees

0.00

Excess Liquidation Proceeds

0.00

Equity Payments Paid

0.00

Net Swap Counterparty Payments Received

0.00

Net Swap Counterparty Payments Paid

0.00

Total Other Collected:

0.00

Total Payments to Certificateholders & Others

2,609,260.74

Total Funds Collected

2,970,345.65

Total Funds Distributed

2,960,217.58

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

Page 7 of 28

 


 

 

                           

 

 

Current Mortgage Loan and Property Stratification Tables

 

 

 

 

 

 

 

 

 

 

Aggregate Pool

 

 

 

 

 

 

 

 

 

Property Type (1)

 

 

 

 

 

 

State (1)

 

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

Property

# of

   Scheduled

 

WAM

WAC

Weighted

State

# of

    Scheduled

 

WAM

 

Weighted

 

 

 

Agg.

 

 

 

 

 

 

Agg.

 

WAC

 

Type

Props

   Balance

Bal.

(2)

 

Avg DSCR (3)

 

Props

    Balance

 

(2)

 

Avg DSCR (3)

 

 

 

 

 

 

 

 

 

 

Bal.

 

 

 

 

Defeased

5

68,761,155.87

12.07

24

4.6538

NAP

Defeased

5

68,761,155.87

12.07

24

4.6538

NAP

 

 

 

 

 

 

 

Alabama

1

9,477,855.73

1.66

24

4.8900

1.024500

Industrial

1

5,154,517.38

0.90

25

4.6450

3.829400

California

4

57,422,974.53

10.08

25

5.0243

0.345433

Lodging

7

118,020,911.37

20.72

24

5.0702

0.183782

Colorado

1

1,462,099.57

0.26

24

5.4100

(0.045600)

Mixed Use

1

39,005,226.20

6.85

24

4.5500

1.437800

Florida

2

109,553,208.03

19.23

23

4.0532

1.065273

 

 

 

 

 

 

 

Illinois

1

44,864,250.82

7.88

25

5.2000

1.032100

Mobile Home Park

35

55,129,068.26

9.68

24

4.4070

1.850955

Michigan

4

5,410,477.32

0.95

25

4.8023

2.879324

Multi-Family

1

3,842,695.90

0.67

24

4.4920

2.038400

Minnesota

6

55,427,575.94

9.73

21

3.9163

1.363255

Office

2

26,188,122.88

4.60

25

4.9389

1.729075

Nevada

1

10,219,054.40

1.79

24

4.3900

1.459600

Retail

7

243,031,548.22

42.66

22

3.8217

1.154714

New Jersey

1

39,005,226.20

6.85

24

4.5500

1.437800

 

 

 

 

 

 

 

Ohio

1

85,218,501.18

14.96

22

3.5640

1.043000

Self Storage

5

10,542,010.59

1.85

25

5.2671

2.445078

Texas

8

21,889,284.89

3.84

24

5.0953

1.079254

 

 

 

 

 

 

 

Virginia

1

15,108,326.04

2.65

24

4.6900

0.667900

Totals

64

569,675,256.73

100.00

23

4.3774

1.218010

Wisconsin

28

45,855,266.15

8.05

24

4.4070

1.784982

 

 

 

 

 

 

 

Totals

64

569,675,256.73

  100.00

23

4.3774

1.218010

 

 

Seasoning

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

 

 

 

 

 

# of

     Scheduled

 

WAM

 

Weighted

 

 

 

 

 

 

 

Seasoning

 

 

Agg.

 

WAC

 

 

 

 

 

 

 

 

 

Loans

    Balance

 

(2)

 

Avg DSCR (3)

 

 

 

 

 

 

 

 

 

 

Bal.

 

 

 

 

 

 

 

 

 

 

 

Defeased

5

68,761,155.87

12.07

24

4.6538

NAP

 

 

 

 

 

 

 

12 months or less

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

13 to 24 months

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

25 to 36 months

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

37 to 48 months

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

49 months or greater

29

500,914,100.86

87.93

23

4.3394

1.177787

 

 

 

 

 

 

 

 

Totals

34

569,675,256.73

100.00

23

4.3774

1.218010

 

 

 

 

 

 

 

 

See footnotes on last page of this section.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

Page 8 of 28

 


 

 

                           

 

 

Current Mortgage Loan and Property Stratification Tables

 

 

 

 

 

 

 

 

 

 

 

                       Aggregate Pool

 

 

 

 

 

 

 

 

Scheduled Balance

 

 

 

 

Anticipated Remaining Term (ARD and Balloon Loans)

 

 

Scheduled

# of

    Scheduled

% of

WAM

 

Weighted

Anticipated Remaining

# of

   Scheduled

% of

WAM

 

Weighted

 

 

 

Agg.

 

WAC

 

 

 

 

Agg.

 

WAC

 

Balance

Loans

    Balance

 

(2)

 

Avg DSCR (3)

Term (2)

Loans

   Balance

Bal.

(2)

 

Avg DSCR (3)

 

 

 

Bal.

 

 

 

 

 

 

 

 

 

 

 

Defeased

5

68,761,155.87

12.07

24

4.6538

NAP

Defeased

5

68,761,155.87

12.07

24

4.6538

NAP

10,000,000 or less

15

69,892,692.74

12.27

24

4.6463

1.683271

79 months or less

29

500,914,100.86

87.93

23

4.3394

1.177787

10,000,001 to 20,000,000

5

66,633,548.73

11.70

24

4.7974

1.075692

80 months to 118 months

0

0.00

0.00

0

0.0000

0.000000

20,000,001 to 40,000,000

5

131,294,372.72

23.05

24

4.5133

0.877120

119 months or greater

0

0.00

0.00

0

0.0000

0.000000

40,000,001 to 50,000,000

2

93,177,793.89

16.36

23

4.4969

1.135387

 

 

 

 

 

 

 

50,000,001 to 80,000,000

1

54,697,191.60

9.60

23

3.9120

1.660196

Totals

34

569,675,256.73

100.00

23

4.3774

1.218010

80,000,001 to 90,000,000

1

85,218,501.18

14.96

22

3.5640

1.043000

 

 

 

 

 

 

 

90,000,001 or greater

0

0.00

0.00

0

0.0000

0.000000

Remaining Amortization Term (ARD and Balloon Loans)

 

 

Totals

34

569,675,256.73

100.00

23

4.3774

1.218010

 

 

 

% of

 

 

 

 

 

 

 

 

 

 

Remaining Amortization

# of

   Scheduled

 

WAM

 

Weighted

 

 

 

 

 

 

 

 

 

 

Agg.

 

WAC

 

 

 

 

 

 

 

 

Term

Loans

   Balance

 

(2)

 

Avg DSCR (3)

 

 

 

 

 

 

 

 

 

 

Bal.

 

 

 

 

 

 

 

 

 

 

 

Defeased

5

68,761,155.87

12.07

24

4.6538

NAP

 

 

Note Rate

 

 

 

 

230 months or less

8

71,867,890.37

12.62

25

5.1596

1.031737

 

 

 

 

 

 

 

231 months to 350 months

21

429,046,210.49

75.31

23

4.2020

1.202252

 

 

 

% of

 

 

 

350 months or greater

0

0.00

0.00

0

0.0000

0.000000

Note

# of

   Scheduled

 

WAM

 

Weighted

 

 

 

 

 

 

 

 

 

 

Agg.

 

WAC

 

 

 

 

 

 

 

 

Rate

Loans

   Balance

 

(2)

 

Avg DSCR (3)

Totals

34

569,675,256.73

100.00

23

4.3774

1.218010

 

 

 

Bal.

 

 

 

 

 

 

 

 

 

 

 

Defeased

5

68,761,155.87

12.07

24

4.6538

NAP

 

 

 

 

 

 

 

4.000% or less

7

227,967,206.92

40.02

22

3.7675

1.292213

Remaining Stated Term (Fully Amortizing Loans)

 

 

4.001% to 4.500%

6

69,190,818.57

12.15

24

4.4092

1.803565

 

 

 

 

 

 

 

4.501% to 5.000%

8

111,573,906.37

19.59

24

4.7471

1.294869

 

 

 

 

 

 

 

5.001% or greater

8

92,182,169.00

16.18

25

5.2080

0.283399

Remaining Stated

# of

      Scheduled

% of

WAM

 

Weighted

 

 

 

 

 

 

 

 

 

 

Agg.

 

WAC

 

 

 

 

 

 

 

 

Term

Loans

      Balance

 

(2)

 

Avg DSCR (3)

Totals

34

569,675,256.73

100.00

23

4.3774

1.218010

 

 

 

Bal.

 

 

 

 

See footnotes on last page of this section.

 

 

 

 

79 months or less

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

80-118 months

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

119 months or greater

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

0

0.00

0.00

0

0.0000

0.000000

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

Page 9 of 28

 


 

 

                             

 

 

 

Current Mortgage Loan and Property Stratification Tables

 

 

 

 

 

 

 

 

 

 

 

Aggregate Pool

 

 

 

 

 

 

 

 

 

 

 

Debt Service Coverage Ratio (3)

 

 

 

 

Age of Most Recent NOI

 

 

 

 

 

Debt Service

# of

   Scheduled

% of

WAM

 

Weighted

Age of Most

# of

   Scheduled

% of

WAM

 

Weighted

 

 

 

 

Agg.

 

WAC

 

 

 

 

 

 

 

 

 

Coverage Ratio

Loans

   Balance

 

(2)

 

Avg DSCR (3)

Recent NOI

Loans

   Balance

Agg.

(2)

WAC

Avg DSCR (3)

 

 

 

 

Bal.

 

 

 

 

 

 

Bal.

 

 

 

 

 

Defeased

5

68,761,155.87

12.07

24

4.6538

NAP

Defeased

5

68,761,155.87

12.07

24

4.6538

NAP

 

1.30 or less

12

289,981,371.79

50.90

23

4.3249

0.731724

 

 

 

 

 

 

 

 

1.31-1.40

0

0.00

0.00

0

0.0000

0.000000

Underwriter's Information

4

70,362,724.00

12.35

23

3.9120

1.660196

 

1.41-1.50

3

50,746,093.33

8.91

24

4.5210

1.442064

1 year or less

24

385,687,126.04

67.70

23

4.3173

1.106726

 

1.51-1.60

0

0.00

0.00

0

0.0000

0.000000

1 to 2 years

1

44,864,250.82

7.88

25

5.2000

1.032100

 

1.61-1.70

5

92,221,974.22

16.19

23

4.0293

1.659367

 

 

 

 

 

 

 

 

1.71-1.80

1

5,233,612.82

0.92

25

5.2500

1.729500

2 years or greater

0

0.00

0.00

0

0.0000

0.000000

 

1.81-1.90

1

5,878,661.83

1.03

24

4.4070

1.888100

 

 

 

 

 

 

 

 

1.91-2.00

2

24,119,819.26

4.23

24

4.4205

1.927346

Totals

34

569,675,256.73

100.00

23

4.3774

1.218010

 

2.01-2.10

1

3,842,695.90

0.67

24

4.4920

2.038400

 

 

 

 

 

 

 

 

2.11-2.50

2

22,269,652.46

3.91

25

4.7833

2.176645

 

 

 

 

 

 

 

 

2.51 or greater

3

10,462,915.15

1.84

25

4.9692

3.484996

 

 

 

 

 

 

 

 

Totals

34

569,675,256.73

100.00

23

4.3774

1.218010

 

 

 

 

 

 

 

 

 

 

 

(1) 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.

 

(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) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. As NCF DSCRs are reported in the Loan Periodic File, the most current NCF DSCR is

used in the stratification section of this report. If no updated NCF DSCRs are reported, the most current NOI DSCR is used. If no updated DSCR information is provided, then information from the offering document is

used. If the DSCRs reported by the Master Servicer are based on a period of less than 12 months, they are normalized based on the Most Recent Financial as of Start and End Dates reported in the Loan Periodic File.

The DSCR information was provided to the Certificate Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such information.

 

 

(4) Although presented in the marketing materials as a single loan, Westfield Countryside (Prosp. ID 1) has been split into five separate loans for ongoing reporting purposes. As a result, the loan counts in these

stratification tables are higher than those in the prospectus.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

Page 10 of 28

 


 

 

                                   

 

 

 

 

 

 

 

Mortgage Loan Detail

 

 

 

 

 

 

 

 

Loan

 

Property

 

 

Interest

Principal

Gross

Anticipated

Maturity

Neg.

Beginning

Ending

  Paid

Appraisal

Appraisal

Res.

Mod.

Number

ODCR

Type (1)

 City

State

Payment

Payment

Coupon

Repayment

Date

Amort

Scheduled

Scheduled

  Thru

Reduction

Reduction

Strat.

Code

 

 

 

 

 

     

Date

 

(Y/N)

Balance

Balance

  Date

Date

Amount

(2)

(3)

 

1340373

1A

RT

Clearwater

FL

78,612.40

41,795.71

3.912%

N/A

6/1/23

N

24,114,234.38

24,072,438.67

10/1/20

3/11/21

9,333,436.01

13

 

453000180

1B

RT

Clearwater

FL

178,622.44

94,967.85

3.912%

N/A

6/1/23

N

54,792,159.45

54,697,191.60

10/1/20

3/11/21

21,207,354.38

13

 

453000182

1C

RT

Clearwater

FL

2,678.54

1,424.09

3.912%

N/A

6/1/23

N

821,638.06

820,213.97

7/1/20

3/11/21

318,015.74

13

 

453000184

1D

RT

Clearwater

FL

29,747.57

15,815.84

3.912%

N/A

6/1/23

N

9,125,021.71

9,109,205.87

7/1/20

3/11/21

9,187,792.76

13

 

453000186

1E

RT

Clearwater

FL

18,732.19

9,959.31

3.912%

N/A

6/1/23

N

5,746,071.87

5,736,112.56

7/1/20

3/11/21

5,785,599.09

13

 

300681002

2

RT

Dublin

OH

253,622.77

176,370.83

3.564%

N/A

5/1/23

N

85,394,872.01

85,218,501.18

2/1/21

6/11/21

32,543,361.98

13

 

453000190

4

RT

Edina

MN

155,092.93

102,563.18

3.844%

N/A

4/1/23

N

48,416,106.25

48,313,543.07

7/1/21

 

 

 

 

300681005

5

LO

Chicago

IL

194,987.99

132,977.84

5.200%

N/A

8/1/23

N

44,997,228.66

44,864,250.82

4/1/20

3/11/21

11,380,904.32

13

 

300681006

6

MU

Bridgewater

NJ

148,173.61

73,528.72

4.550%

N/A

7/1/23

N

39,078,754.92

39,005,226.20

7/1/21

 

 

 

 

300681008

8

IN

Rochester

NY

135,157.53

73,093.31

4.690%

N/A

7/1/23

N

34,581,884.23

34,508,790.92

7/1/21

 

 

 

 

300681009

9

LO

North Hollywood

CA

112,911.49

51,543.90

5.185%

N/A

7/1/23

N

26,131,878.17

26,080,334.27

7/1/21

 

 

 

 

300681011

11

MH

Various

WI

80,454.86

48,131.48

4.407%

N/A

7/1/23

N

21,907,381.70

21,859,250.22

7/1/21

 

 

 

 

300681012

12

MH

Various

Various

74,631.70

44,647.83

4.407%

N/A

7/1/23

N

20,321,771.19

20,277,123.36

7/1/21

 

 

 

 

300681014

14

LO

Virginia Beach

VA

59,173.45

32,001.05

4.690%

N/A

7/1/23

N

15,140,327.09

15,108,326.04

7/1/21

 

 

 

 

1340434

15

OF

Chula Vista

CA

62,770.31

30,746.13

4.960%

N/A

8/1/23

N

15,186,365.73

15,155,619.60

7/1/21

 

 

 

 

300681016

16

LO

Jacksonville

FL

62,300.24

30,949.58

4.935%

N/A

7/1/23

N

15,148,994.99

15,118,045.41

7/1/21

 

 

 

 

300681017

17

MF

Houston

TX

51,527.86

23,366.31

4.449%

N/A

7/1/23

N

13,898,275.89

13,874,909.58

7/1/21

 

 

 

 

300681018

18

LO

Tuscaloosa

AL

38,816.12

47,571.49

4.890%

N/A

7/1/23

N

9,525,427.22

9,477,855.73

7/1/21

 

 

 

 

300681019

19

OF

Irvine

CA

45,221.53

19,601.30

4.910%

N/A

8/1/23

N

11,052,104.58

11,032,503.28

7/1/21

 

 

 

 

300681020

20

RT

Las Vegas

NV

37,467.21

22,553.24

4.390%

N/A

7/1/23

N

10,241,607.64

10,219,054.40

7/1/21

 

 

 

 

300681023

23

MH

Various

MN

26,183.81

15,664.26

4.407%

N/A

7/1/23

N

7,129,697.12

7,114,032.86

7/1/21

 

 

 

 

300681024

24

LO

North Charleston

SC

31,303.70

13,675.98

5.300%

N/A

8/1/23

N

7,087,629.16

7,073,953.18

7/1/21

 

 

 

 

300681025

25

MF

Heath

OH

27,362.20

13,709.97

4.910%

N/A

7/1/23

N

6,687,299.29

6,673,589.32

7/1/21

 

 

 

 

300681027

27

SS

Royal Palm Beach

FL

21,852.03

13,725.33

3.947%

N/A

6/1/23

N

6,643,638.20

6,629,912.87

7/1/21

 

 

 

 

300681028

28

MH

Lannon

WI

21,636.92

12,944.12

4.407%

N/A

7/1/23

N

5,891,605.95

5,878,661.83

7/1/21

 

 

 

 

300681029

29

LO

El Paso

TX

20,991.66

14,574.88

5.140%

N/A

8/1/23

N

4,900,776.73

4,886,201.85

7/1/21

 

 

 

10

300681030

30

SS

Houston

TX

22,941.64

10,190.58

5.250%

N/A

8/1/23

N

5,243,803.40

5,233,612.82

7/1/21

 

 

 

 

300681031

31

IN

Carpinteria

CA

19,994.57

10,925.66

4.645%

N/A

8/1/23

N

5,165,443.04

5,154,517.38

7/1/21

 

 

 

 

300681033

33

MF

Corpus Christi

TX

14,415.80

8,363.65

4.492%

N/A

7/1/23

N

3,851,059.55

3,842,695.90

7/1/21

 

 

 

 

300681034

34

RT

Various

Various

15,027.06

9,699.32

5.410%

N/A

7/1/23

N

3,333,173.54

3,323,474.22

7/1/21

 

 

 

 

300681035

35

SS

Various

MI

13,761.95

9,773.38

5.065%

N/A

8/1/23

N

3,260,481.46

3,250,708.08

7/1/21

 

 

 

 

300681036

36

LO

Katy

TX

10,795.26

(329,756.45)

5.205%

N/A

7/1/23

N

2,156,140.80

2,485,897.25

6/1/20

5/11/21

 

9

9

300681037

37

SS

Various

TX

9,681.51

5,865.37

5.630%

N/A

7/1/23

N

2,063,555.06

2,057,689.69

7/1/21

 

 

 

 

300681038

38

RT

McAllen

TX

5,923.28

4,806.48

4.656%

N/A

7/1/23

N

1,526,619.21

1,521,812.73

7/1/21

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

Page 11 of 28

 

 


 

 

                                                     

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Loan Detail

 

 

 

 

 

 

 

 

 

 

Loan

 

     Property

 

 

 

Interest

Principal

Gross

Anticipated

    Maturity

Neg.

Beginning

 

Ending

Paid

Appraisal

Appraisal

Res.

Mod.

Number

  ODCR         Type (1)

 

City

State

Payment

Payment

Coupon

Repayment

     Date

Amort

Scheduled

 

Scheduled

Thru

Reduction

Reduction

Strat.

Code

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

 

 

(Y/N)

Balance

 

Balance

Date

Date

Amount

(2)

(3)

 

 

 

 

Totals

 

 

 

 

 

 

2,082,574.13      887,771.52

 

 

 

 

 

 

570,563,028.25

  569,675,256.73

 

 

 

89,756,464.28

 

 

 

 

 

 

(1) Property Type Code

 

 

 

 

 

(2) Resolution Strategy Code

 

 

 

 

 

(3) Modification Code

 

 

MF

- Multi-Family

 

SS

-

Self Storage

 

1

- Modification

7 -

REO

 

11

-

Full Payoff

 

1

- Maturity Date Extension

6

- Capitalization on Interest

RT

- Retail

 

98

-

Other

 

2

- Foreclosure

8 -

Resolved

 

12

-

Reps and Warranties

2

- Amortization Change

7

- Capitalization on Taxes

HC

- Health Care

 

SE

-

Securities

 

3

- Bankruptcy

9 -

Pending Return

13

-

TBD

 

 

3

- Principal Write-Off

8

- Other

 

 

IN

- Industrial

 

CH

-

Cooperative Housing

4

- Extension

 

to Master Servicer

98

-

Other

 

4

- Blank

 

9

- Combination

 

 

MH

- Mobile Home Park

WH

-

Warehouse

 

5

- Note Sale

10 -       Deed in Lieu Of

 

 

 

 

 

5

- Temporary Rate Reduction

10

- Forbearance

 

 

OF

- Office

 

ZZ

-

Missing Information

6

- DPO

 

 

Foreclosure

 

 

 

 

 

 

 

 

 

 

 

 

 

MU

- Mixed Use

 

SF

-

Single Family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LO

- Lodging

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 12 of 28

 

 


 

 

                     

 

 

 

 

NOI Detail

 

 

 

 

 

 

 

 

Loan

 

 

 

 

Ending

Most

   Most

Most Recent

Most Recent

 

Number

ODCR

Property

City

State

Scheduled

Recent

   Recent

NOI Start

NOI End

 

 

 

Type

 

 

Balance

Fiscal NOI (1)

   NOI (1)

Date

Date

 

 

1340373

1A

Retail

Clearwater

FL

24,072,438.67

10,624,787.00

2,942,146.50

1/1/21

3/31/21

 

453000180

1B

Retail

Clearwater

FL

54,697,191.60

0.00

0.00

 

 

 

453000182

1C

Retail

Clearwater

FL

820,213.97

0.00

0.00

 

 

 

453000184

1D

Retail

Clearwater

FL

9,109,205.87

0.00

0.00

 

 

 

453000186

1E

Retail

Clearwater

FL

5,736,112.56

0.00

0.00

 

 

 

300681002

2

Retail

Dublin

OH

85,218,501.18

10,533,754.00

1,956,141.59

1/1/21

3/31/21

 

453000190

4

Retail

Edina

MN

48,313,543.07

13,200,626.00

2,907,833.00

1/1/21

3/31/21

 

300681005

5

Lodging

Chicago

IL

44,864,250.82

10,736,254.00

10,187,249.00

4/1/19

3/31/20

 

300681006

6

Mixed Use

Bridgewater

NJ

39,005,226.20

4,925,468.48

1,090,331.67

1/1/21

3/31/21

 

300681008

8

Industrial

Rochester

NY

34,508,790.92

0.00

0.00

 

 

 

300681009

9

Lodging

North Hollywood

CA

26,080,334.27

(1,552,706.51)

(3,247,868.31)

4/1/20

3/31/21

 

300681011

11

Mobile Home Park

Various

WI

21,859,250.22

2,315,090.00

656,354.25

1/1/21

3/31/21

 

300681012

12

Mobile Home Park

Various

Various

20,277,123.36

2,564,537.56

697,426.13

1/1/21

3/31/21

 

300681014

14

Lodging

Virginia Beach

VA

15,108,326.04

848,968.00

1,113,960.82

4/1/20

3/31/21

 

1340434

15

Office

Chula Vista

CA

15,155,619.60

1,982,346.83

1,290,416.16

1/1/21

6/30/21

 

300681016

16

Lodging

Jacksonville

FL

15,118,045.41

504,088.00

309,827.00

4/1/20

3/31/21

 

300681017

17

Multi-Family

Houston

TX

13,874,909.58

0.00

0.00

 

 

 

300681018

18

Lodging

Tuscaloosa

AL

9,477,855.73

1,079,661.80

1,062,081.80

4/1/20

3/31/21

 

300681019

19

Office

Irvine

CA

11,032,503.28

964,649.00

252,357.00

1/1/21

3/31/21

 

300681020

20

Retail

Las Vegas

NV

10,219,054.40

962,220.14

288,088.59

1/1/21

3/31/21

 

300681023

23

Mobile Home Park

Various

MN

7,114,032.86

1,074,243.85

290,775.25

1/1/21

3/31/21

 

300681024

24

Lodging

North Charleston

SC

7,073,953.18

0.00

0.00

 

 

 

300681025

25

Multi-Family

Heath

OH

6,673,589.32

0.00

0.00

 

 

 

300681027

27

Self Storage

Royal Palm Beach

FL

6,629,912.87

0.00

0.00

 

 

 

300681028

28

Mobile Home Park

Lannon

WI

5,878,661.83

767,951.00

197,988.00

1/1/21

3/31/21

 

300681029

29

Lodging

El Paso

TX

4,886,201.85

122,020.11

0.00

 

 

 

300681030

30

Self Storage

Houston

TX

5,233,612.82

589,781.67

171,915.42

1/1/21

3/31/21

 

300681031

31

Industrial

Carpinteria

CA

5,154,517.38

1,393,381.00

376,780.25

1/1/21

3/31/21

 

300681033

33

Multi-Family

Corpus Christi

TX

3,842,695.90

403,186.78

139,303.69

1/1/21

3/31/21

 

300681034

34

Retail

Various

Various

3,323,474.22

313,753.76

1,728.19

1/1/21

3/31/21

 

300681035

35

Self Storage

Various

MI

3,250,708.08

978,316.17

260,008.79

1/1/21

3/31/21

 

300681036

36

Lodging

Katy

TX

2,485,897.25

(120,736.00)

0.00

 

 

 

300681037

37

Self Storage

Various

TX

2,057,689.69

379,649.46

124,163.29

1/1/21

3/31/21

 

300681038

38

Retail

McAllen

TX

1,521,812.73

198,184.00

46,148.00

1/1/21

3/31/21

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

Page 13 of 28

 


 

 

                   

 

 

 

 

NOI Detail

 

 

 

 

Loan

 

 

 

 

Ending

Most

Most

Most Recent

Most Recent

Number

ODCR

Property

City

State

Scheduled

Recent

Recent

NOI Start

NOI End

 

 

Type

 

 

Balance

Fiscal NOI (1)

NOI (1)

Date

Date

 

 

 

 

Total

 

 

 

 

569,675,256.73

 

 

 

 

(1) The Most Recent Fiscal NOI and Most Recent NOI fields correspond to the financial data reported by the Master Servicer. An NOI of 0.00 means the Master Servicer did not report NOI figures

in their loan level reporting.

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

Page 14 of 28

 


 

 

             

 

 

Principal Prepayment Detail

 

 

Loan Number

Loan Group

Offering Document

     Principal Prepayment Amount

       Prepayment Penalties

 

 

 

Cross-Reference

     Payoff Amount

   Curtailment Amount

Prepayment Premium       Yield Maintenance Premium

 

 

 

 

 

No Principal Prepayments this Period

 

 

 

 

 

 

Totals

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

Page 15 of 28

 


 

 

                                       

 

 

 

 

 

 

 

 

Historical Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

Delinquencies

 

 

 

 

 

 

 

Prepayments

 

Rate and Maturities

Distribution

 

30-59 Days

 

60-89 Days

   90 Days or More

 

Foreclosure

 

REO

 

Modifications

 

Curtailments

 

Payoff

Next Weighted Avg.

WAM

Date

#

Balance

#

Balance

#

   Balance

#

Balance

#

    Balance

#

Balance

 #

           Amount

#

   Amount

Coupon

Remit

 

7/16/21

0

 

0

 

8

 

1

 

0

 

1

 

0

 

0

 

4.377377%

23

 

 

$0.00

 

$0.00

   $227,003,811.92

 

$85,218,501.18

 

$0.00

 

$2,485,897.25

 

$0.00

 

$0.00

4.251459%

 

6/17/21

0

 

0

 

8

 

1

 

0

 

0

 

0

 

0

 

4.377005%

24

 

 

$0.00

 

$0.00

$227,147,366.94

 

$85,394,872.01

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.251181%

 

5/17/21

0

 

1

 

7

 

1

 

0

 

0

 

0

 

0

 

4.377133%

25

 

 

$0.00

 

$85,562,274.99

$142,051,878.16

 

$85,562,274.99

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.251307%

 

4/16/21

0

 

1

 

7

 

1

 

0

 

0

 

0

 

0

 

4.377267%

26

 

 

$0.00

 

$85,737,627.84

$142,367,198.68

 

$85,737,627.84

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.251441%

 

3/17/21

0

 

1

 

7

 

1

 

0

 

0

 

0

 

0

 

4.377391%

27

 

 

$0.00

 

$85,903,982.12

$142,664,189.36

 

$85,903,982.12

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.251563%

 

2/18/21

0

 

0

 

8

 

1

 

0

 

0

 

0

 

0

 

4.377541%

28

 

 

$0.00

 

$0.00

$229,106,895.51

 

$86,095,319.49

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.251714%

 

1/15/21

0

 

1

 

7

 

0

 

0

 

0

 

0

 

0

 

4.377661%

29

 

 

$0.00

 

$86,260,579.37

$143,306,062.28

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.251833%

 

12/17/20

0

 

0

 

8

 

0

 

0

 

0

 

0

 

0

 

4.377780%

30

 

 

$0.00

 

$0.00

$230,024,735.46

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.251951%

 

11/18/20

0

 

0

 

8

 

0

 

0

 

0

 

0

 

0

 

4.377907%

31

 

 

$0.00

 

$0.00

$230,507,026.88

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.252077%

 

10/19/20

0

 

0

 

8

 

0

 

0

 

0

 

0

 

0

 

4.378023%

32

 

 

$0.00

 

$0.00

$230,961,742.46

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.252191%

 

9/17/20

0

 

0

 

8

 

0

 

0

 

0

 

0

 

0

 

4.378147%

33

 

 

$0.00

 

$0.00

$231,440,776.30

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.252314%

 

8/17/20

0

 

0

 

8

 

0

 

0

 

0

 

0

 

0

 

4.378260%

34

 

 

$0.00

 

$0.00

$231,892,138.12

 

$0.00

 

$0.00

 

$0.00

 

$0.00

 

$0.00

4.252425%

 

Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

 

 

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 16 of 28

 


 

 

                                           

 

 

 

 

 

 

 

Delinquency Loan Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

Offering

# of

 

    Current

Outstanding

 

Status of     Resolution

 

 

 

   Actual

 

Outstanding

 

 

 

Loan Number

Document

Months

   Paid Through

    P & I

P & I

 

 

Mortgage

Strategy

  Servicing

Foreclosure

   Principal

 

Servicing

 

Bankruptcy

REO

 

 

 

Cross-Reference

Delinq.

   Date

   Advances

Advances **

 

Loan (1)

Code (2)      Transfer Date

 

Date

   Balance

 

Advances

 

Date

Date

 

 

1340373

1A

8

10/1/20

89,597.11

919,014.96

6

13

6/19/20

 

 

24,435,923.51

 0.00

 

 

 

453000180

1B

8

10/1/20

203,581.80

2,088,178.00

6

13

6/19/20

 

 

55,523,098.78

34,554.64

 

 

453000182

1C

11

7/1/20

3,052.82

43,578.52

6

13

6/19/20

 

 

836,556.14

0.00

 

 

 

453000184

1D

11

7/1/20

15,763.75

446,679.14

6

13

6/19/20

 

 

9,290,700.75

0.00

 

 

 

453000186

1E

11

7/1/20

9,926.51

281,276.00

6

13

6/19/20

 

 

5,850,400.70

0.00

 

 

 

300681002

2

4

2/1/21

331,971.50

1,940,613.83

6

13

7/8/20

 

12/11/20

86,095,319.49

27,590.61

 

 

300681005

5

14

4/1/20

277,878.32

4,711,351.40

6

13

7/15/20

 

 

46,761,041.18

 0.00

 

 

 

300681036

36

12

6/1/20

13,669.66

357,307.93

6

9

6/26/20

 

 

2,496,797.31

142,352.25

9/1/20

 

 

 

 

 

 

Totals

8

 

 

945,441.46

10,787,999.78

 

 

 

 

 

231,289,837.86

204,497.50

 

 

 

Totals By Delinquency Code:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total for Status Code = 6 (8 loans)

 

945,441.46

10,787,999.78

 

 

 

 

 

231,289,837.86

204,497.50

 

 

 

 

 

 

 

 

 

 

 

(1) Status of Mortgage Loan

 

 

 

 

 

 

 

 

 

(2) Resolution Strategy Code

 

 

A

-

Payment Not Received

0

- Current

 

4

-

Performing Matured Balloon

1 -

Modification

7

-

REO

 

11

- Full Payoff

 

 

 

But Still in Grace Period

1

- 30-59 Days Delinquent

5

-

Non Performing Matured Balloon

2 -

Foreclosure

8

-

Resolved

 

12

- Reps and Warranties

 

 

Or Not Yet Due

2

- 60-89 Days Delinquent

6

-

121+ Days Delinquent

 

3 -

Bankruptcy

9

-

Pending Return

13

- TBD

 

B

-

Late Payment But Less

3

- 90-120 Days Delinquent

 

 

 

 

 

 

4 -

Extension

 

 

to Master Servicer

98

- Other

 

 

 

Than 30 Days Delinquent

 

 

 

 

 

 

 

 

 

5 -

Note Sale

10      -

Deed In Lieu Of

 

 

 

** Outstanding P & I Advances include the current period advance.

 

 

 

 

 

 

6 -

DPO

 

 

Foreclosure

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 17 of 28

 


 

 

                                           

 

 

 

 

 

 

 

Specially Serviced Loan Detail - Part 1

 

 

 

 

 

 

 

 

 

 

Offering

 

Servicing

Resolution

 

 

 

 

 

 

 

 

 

Net

 

 

 

 

 

 

Remaining

Loan

 

 

 

 

 

 

Scheduled

Property

 

 

Interest

Actual

 

 

 

DSCR

 

 

   Note

  Maturity

 

 

Document

 

Transfer

Strategy

 

 

 

 

 

State

 

 

  Operating

 

DSCR

 

 

 

Amortization

Number

 

 

 

 

 

 

Balance

Type (2)

 

 

Rate

Balance

 

 

 

Date

 

 

   Date

  Date

 

 

Cross-Reference

 

Date

Code (1)

 

 

 

 

 

 

 

 

  Income

 

 

 

 

 

Term

 

1340373

1A

 

6/19/20

13

 

 

24,072,438.67

RT

 

FL

3.912%

24,435,923.51

11,932,038.58

3/31/21

1.34

 

7/1/13

6/1/23

264

453000180

1B

 

6/19/20

13

 

 

54,697,191.60

 

 

 

3.912%

55,523,098.78

5,839,028.31

3/31/21

1.66

 

7/1/13

6/1/23

264

453000182

1C

 

6/19/20

13

 

 

820,213.97

 

 

 

3.912%

836,556.14

 

87,559.38

3/31/21

1.66

 

7/1/13

6/1/23

264

453000184

1D

 

6/19/20

13

 

 

9,109,205.87

 

 

 

3.912%

9,290,700.75

972,424.92

3/31/21

1.66

 

7/1/13

6/1/23

264

453000186

1E

 

6/19/20

13

 

 

5,736,112.56

 

 

 

3.912%

5,850,400.70

612,340.81

3/31/21

1.66

 

7/1/13

6/1/23

264

300681002

2

 

7/8/20

13

 

 

85,218,501.18

RT

 

OH

3.564%

86,095,319.49

7,933,240.89

3/31/21

1.15

 

6/1/13

5/1/23

264

300681005

5

 

7/15/20

13

 

 

44,864,250.82

LO

 

IL

5.200%

46,761,041.18

10,187,249.00

3/31/21

1.19

 

9/1/13

8/1/23

204

300681036

36

 

6/26/20

9

 

 

2,485,897.25

LO

 

TX

5.205%

2,496,797.31

(120,736.00)

3/31/21

(0.33)

 

8/1/13

7/1/23

83

 

 

 

 

 

 

 

 

 

(1) Resolution Strategy Code

 

 

 

 

 

 

(2) Property Type Code

 

 

 

 

 

1

-

Modification

7

-

REO

 

11

- Full Payoff

 

MF

-

Multi-Family

SS

-

Self Storage

 

 

 

2

-

Foreclosure

8

-

Resolved

 

12

- Reps and Warranties

 

RT

-

Retail

 

98

-

Other

 

 

 

3

-

Bankruptcy

9

-

Pending Return

13

- TBD

 

 

HC

-

Health Care

SE

-

Securities

 

 

 

4

-

Extension

 

 

 

to Master Servicer

98

- Other

 

 

IN

-

Industrial

 

CH -

Cooperative Housing

 

 

5

-

Note Sale

 

10 -

Deed in Lieu Of

 

 

 

 

MH

-

Mobile Home Park

WH -

Warehouse

 

 

 

6

-

DPO

 

 

 

Foreclosure

 

 

 

 

 

OF

-

Office

 

ZZ

-

Missing Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MU

-

Mixed Use

 

SF

-

Single Family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LO

-

Lodging

 

 

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 18 of 28

 


 

 

             

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

Offering

Resolution

Site

 

 

 

Loan

 

 

 

     Appraisal

Appraisal

Other REO

 

Document

Strategy

Inspection

Phase 1 Date

 

Comments from Special Servicer

Number

 

 

 

     Date

Value

Property Revenue

 

Cross-Reference

Code (1)

Date

 

 

 

 

1340373

1A

13

 

8/11/20

91,500,000.00

7/9/2021: The loan was transferred to the Special Servicer on 6/16/2020 due to the Master

 

 

 

 

 

 

Servicer determining an imminent default. The loan was past due for the 6/1/2020 payment.

 

 

 

 

 

 

The Mall reopened in late May 2020 after being closed for 2.5 months due to COVID

 

 

 

 

 

 

restrictions. Westfield determined to no longer support the asset and cooperated with a

 

 

 

 

 

 

friendly foreclosure process. All rents are being captured through Cash Trap. Stipulated

 

 

 

 

 

 

Foreclosure and Motion for Receiver filed on 12/29/2020. Appointment of JLL as Receiver

 

 

 

 

 

 

entered on 1/6/2021. Receiver overseeing all leasing and management and 2021 budget

 

 

 

 

 

 

approved. Property management reported no storm damage from tropical storm Elsa 7/7/21.

 

 

 

 

 

 

Occupied GLA is reported at 93.34%.

 

 

 

 

453000180

1B

13

 

8/11/20

91,500,000.00

7/9/2021: The loan was transferred to the Special Servicer on 6/16/2020 due to the Master

 

 

 

 

 

 

Servicer determining an imminent default. The loan was past due for the 6/1/2020 payment.

 

 

 

 

 

 

The Mall reopened in late May 2020 after being closed for 2.5 months due to COVID

 

 

 

 

 

 

restrictions. Westfield determined to no longer support the asset and cooperated with a

 

 

 

 

 

 

friendly foreclosure process. All rents are being captured through Cash Trap. Stipulated

 

 

 

 

 

 

Foreclosure and Motion for Receiver filed on 12/29/2020. Appointment of JLL as Receiver

 

 

 

 

 

 

entered on 1/6/2021. Receiver overseeing all leasing and management and 2021 budget

 

 

 

 

 

 

approved. Property management reported no storm damage from tropical storm Elsa 7/7/21.

 

 

 

 

 

 

Occupied GLA is reported at 93.34%.

 

 

 

 

453000182

1C

13

 

8/11/20

91,500,000.00

7/9/2021: The loan was transferred to the Special Servicer on 6/16/2020 due to the Master

 

 

 

 

 

 

Servicer determining an imminent default. The loan was past due for the 6/1/2020 payment.

 

 

 

 

 

 

The Mall reopened in late May 2020 after being closed for 2.5 months due to COVID

 

 

 

 

 

 

restrictions. Westfield determined to no longer support the asset and cooperated with a

 

 

 

 

 

 

friendly foreclosure process. All rents are being captured through Cash Trap. Stipulated

 

 

 

 

 

 

Foreclosure and Motion for Receiver filed on 12/29/2020. Appointment of JLL as Receiver

 

 

 

 

 

 

entered on 1/6/2021. Receiver overseeing all leasing and management and 2021 budget

 

 

 

 

 

 

approved. Property management reported no storm damage from tropical storm Elsa 7/7/21.

 

 

 

 

 

 

Occupied GLA is reported at 93.34%.

 

 

 

 

See footnotes on last page of this section.

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

Page 19 of 28

 


 

 

             

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

 

Offering

Resolution

Site

 

 

 

Loan

 

 

 

     Appraisal

Appraisal

Other REO

 

Document

Strategy

Inspection

Phase 1 Date

 

Comments from Special Servicer

Number

 

 

 

    Date

Value

Property Revenue

 

Cross-Reference

Code (1)

Date

 

 

 

 

453000184

1D

13

 

8/11/20

91,500,000.00

7/9/2021: The loan was transferred to the Special Servicer on 6/16/2020 due to the Master

 

 

 

 

 

 

Servicer determining an imminent default. The loan was past due for the 6/1/2020 payment.

 

 

 

 

 

 

The Mall reopened in late May 2020 after being closed for 2.5 months due to COVID

 

 

 

 

 

 

restrictions. Westfield determined to no longer support the asset and cooperated with a

 

 

 

 

 

 

friendly foreclosure process. All rents are being captured through Cash Trap. Stipulated

 

 

 

 

 

 

Foreclosure and Motion for Receiver filed on 12/29/2020. Appointment of JLL as Receiver

 

 

 

 

 

 

entered on 1/6/2021. Receiver overseeing all leasing and management and 2021 budget

 

 

 

 

 

 

approved. Property management reported no storm damage from tropical storm Elsa 7/7/21.

 

 

 

 

 

 

Occupied GLA is reported at 93.34%.

 

 

 

 

453000186

1E

13

 

8/11/20

91,500,000.00

7/9/2021: The loan was transferred to the Special Servicer on 6/16/2020 due to the Master

 

 

 

 

 

 

Servicer determining an imminent default. The loan was past due for the 6/1/2020 payment.

 

 

 

 

 

 

The Mall reopened in late May 2020 after being closed for 2.5 months due to COVID

 

 

 

 

 

 

restrictions. Westfield determined to no longer support the asset and cooperated with a

 

 

 

 

 

 

friendly foreclosure process. All rents are being captured through Cash Trap. Stipulated

 

 

 

 

 

 

Foreclosure and Motion for Receiver filed on 12/29/2020. Appointment of JLL as Receiver

 

 

 

 

 

 

entered on 1/6/2021. Receiver overseeing all leasing and management and 2021 budget

 

 

 

 

 

 

approved. Property management reported no storm damage from tropical storm Elsa 7/7/21.

 

 

 

 

 

 

Occupied GLA is reported at 93.34%.

 

 

 

 

300681002

2

13

 

8/13/20

80,000,000.00

7/06/2021 Loan transferred to Special Servicing on 7/8/2020 for imminent monetary payment

 

 

 

 

 

 

default. At time of transfer loan was past due for the 5/1/2020 payment. The loan is secured

 

 

 

 

 

 

by a 385057 SF portion of a 1.1 million SF super regional mall in Dublin OH a suburb of

 

 

 

 

 

 

Columbus. The collateral was 75.11% occupied per the June 2020 rent roll. Legal counsel

 

 

 

 

 

 

has been engaged and enforcement options are being evaluated. A court appointed receiver

 

 

 

 

 

 

was appointed on 01/14/2021

 

 

 

 

See footnotes on last page of this section.

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

Page 20 of 28

 


 

 

                         

 

 

 

 

 

Specially Serviced Loan Detail - Part 2

 

 

Offering

Resolution

Site

 

 

 

 

 

 

 

 

 

Loan

 

 

 

 

 

    Appraisal

Appraisal

Other REO

 

 

 

Document

Strategy

Inspection

Phase 1 Date

 

 

 

 

 

 

Comments from Special Servicer

Number

 

 

 

 

 

    Date

Value

 

Property Revenue

 

 

 

Cross-Reference

Code (1)

Date

 

 

 

 

 

 

 

 

 

 

300681005

5

13

 

 

 

11/5/20

84,100,000.00

Loan is part of a pari passu A-1/A-2 loan secured by a 523-rooms, dual flagged Marriott

 

 

 

 

 

 

 

 

 

 

 

Residence Inn and Springhill Suites. Loan was transferred to Special Servicing 7/15/2020

 

 

 

 

 

 

 

 

 

 

 

due to payment default. Loan is due for 5/1/2020 and all subsequent monthly payments.

 

 

 

 

 

 

 

 

 

 

 

Appraisal and BOVs received. Loan accelerated. Counsel prepared to file foreclosure action.

 

 

 

 

 

 

 

 

 

 

 

Negotiations for possible modification ongoing while pursuing parallel path to fcl/receivership.

 

 

 

 

300681036

36

9

 

 

 

3/1/21

4,900,000.00

 

7/1/21 - The subject loan transferred to special servicing on 6/26/2020. The loan is

 

 

 

 

 

 

 

 

 

 

 

collateralized by a 69 key Hampton Inn in Katy TX. The Borrower subsequently filed BK on

 

 

 

 

 

 

 

 

 

 

 

9/1/2020. A modification is being onboarded with a return to master to follow.

 

 

 

 

 

 

 

 

 

 

 

(1) Resolution Strategy Code

 

 

 

 

 

 

 

1

-

Modification

7

-

REO

 

11 -

Full Payoff

 

 

 

 

2

-

Foreclosure

8

-

Resolved

12 -

Reps and Warranties

 

 

 

 

3

-

Bankruptcy

9

-

Pending Return

13 -

TBD

 

 

 

 

4

-

Extension

 

 

to Master Servicer

98 -

Other

 

 

 

 

5

-

Note Sale

10

-

Deed in Lieu Of

 

 

 

 

 

 

6

-

DPO

 

 

Foreclosure

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

Page 21 of 28

 


 

 

             

 

 

 

Advance Summary

 

 

 

 

 

Current P&I

Outstanding P&I

Outstanding Servicing

Current Period Interest

 

 

Loan Group

 

 

 

on P&I and Servicing

 

 

 

Advances

Advances

Advances

Advances Paid

 

 

Totals

  945,441.46

      10,787,999.78

            0.00

             0.00

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

Page 22 of 28

 


 

 

                 

 

 

 

 

Modified Loan Detail

 

 

 

Offering

 

 

      Pre-Modification

      Post-Modification

 

 

 

Loan

 

Pre-Modification

     Post-Modification

 

 

 Modification

 

 

 

Document

 

 

     Interest

       Interest

 

Modification Description

 

Number

 

Balance

      Balance

 

 

     Date

 

 

 

Cross-Reference

 

 

     Rate

      Rate

 

 

 

300681029

29

 

0.00

5.1400%

5.1400%

4/1/20

 

 

 

300681036

36

 

0.00

5.2050%

5.2050%

7/1/20

 

 

 

 

 

 

Totals

 

 

0.00

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

Page 23 of 28

 


 

 

                         

 

 

 

 

Historical Liquidated Loan Detail

 

 

 

 

 

 

Beginning

Fees,

Most Recent

Gross Sales

Net Proceeds

Net Proceeds

 

Date of Current

Current Period

Cumulative

Loss to Loan

Distribution

 

           

Realized

       

 

ODCR

Scheduled

Advances,

Appraised Value

Proceeds or

Received on

Available for

 

Period Adj.

Adjustment

Adjustment

with Cum

Date

 

           

Loss to Trust

       

 

 

Balance

and Expenses *

or BPO

Other Proceeds

Liquidation

Distribution

 

to Trust

to Trust

to Trust

Adj. to Trust

11/19/18

3

58,613,585.93

5,505,231.42

 

18,013,880.13

18,013,880.13

12,508,648.71

46,104,937.22

 

0.00

615,261.33

45,489,675.89

2/15/19

22

8,251,983.11

430,709.84

12,900,000.00

9,853,194.84

9,853,194.84

9,422,485.00

0.00

 

0.00

0.00

0.00

 

 

 

 

Current Total

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

0.00

0.00

0.00

Cumulative Total

66,865,569.04

5,935,941.26

12,900,000.00

27,867,074.97

27,867,074.97

21,931,133.71

46,104,937.22

 

0.00

615,261.33

45,489,675.89

 

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

 

 

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

Page 24 of 28

 


 

 

                       

 

 

 

Historical Bond/Collateral Loss Reconciliation Detail

 

 

 

 

 

Distribution

Offering

Beginning

Aggregate

Prior Realized

Amts Covered by

Interest

Modification

Additional

Realized Loss

Recoveries of

(Recoveries)/

 

Document

Balance

Realized Loss

Loss Applied

Credit Support/

(Shortages)/

/Appraisal

(Recoveries)

Applied to

Realized Losses

Losses Applied to

Date

Cross-Reference

at Liquidation

on Loans

to Certificates

Deal Structure

Excesses

Reduction Adj.

/Expenses

Certificates to Date

Paid as Cash

Certificate Interest

 

11/19/18

3

58,613,585.93

46,104,937.22

0.00

0.00

0.00

0.00

0.00

46,104,937.22

0.00

0.00

7/17/19

3

58,613,585.93

45,609,937.22

46,104,937.22

0.00

0.00

0.00

(495,000.00)

45,609,937.22

0.00

0.00

12/17/19

3

58,613,585.93

45,545,212.22

45,609,937.22

0.00

0.00

0.00

(64,725.00)

45,545,212.22

0.00

0.00

2/18/20

3

58,613,585.93

45,489,675.89

45,545,212.22

0.00

0.00

0.00

(55,536.33)

45,489,675.89

0.00

0.00

2/15/19

22

8,251,983.11

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

 

 

Totals

 

 

 

0.00

0.00

0.00

(615,261.33)

 

0.00

0.00

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

Page 25 of 28

 


 

 

                       

 

 

 

Interest Shortfall Reconciliation Detail - Part 1

 

 

 

 

 

Offering

Stated Principal

Current Ending

Special Servicing Fees

     

Non-Recoverable

   

Modified Interest

 

               

Interest on

   

Document

Balance at

Scheduled

     

     ASER

(PPIS) Excess

(Scheduled

   

Rate (Reduction)

 

               

Advances

   

Cross-Reference

Contribution

Balance

Monthly

Liquidation

Work Out

   

Interest)

   

/Excess

 

1A

25,490,969.68

24,072,438.67

5,023.80

0.00

0.00

30,271.44

0.00

0.00

0.00

 

0.00

1B

57,920,365.81

54,697,191.60

11,415.03

0.00

0.00

68,782.52

0.00

0.00

0.00

 

0.00

1C

868,547.10

820,213.97

171.17

0.00

0.00

1,031.43

0.00

0.00

0.00

 

0.00

1D

9,645,989.68

9,109,205.87

1,901.05

0.00

0.00

29,595.49

0.00

0.00

0.00

 

0.00

1E

6,074,127.74

5,736,112.56

1,197.10

0.00

0.00

18,636.42

0.00

0.00

0.00

 

0.00

2

95,000,000.00

85,218,501.18

17,790.60

0.00

0.00

96,111.39

0.00

0.00

0.00

 

0.00

5

55,000,000.00

44,864,250.82

7,187.06

0.00

0.00

49,127.57

0.00

0.00

0.00

 

0.00

36

3,736,751.05

2,485,897.25

449.20

0.00

0.00

0.00

0.00

0.00

0.00

 

0.00

 

 

 

 

Totals

253,736,751.06

227,003,811.92

45,135.01

0.00

0.00

293,556.26

0.00

0.00

0.00

 

0.00

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

 

 

Page 26 of 28

 


 

 

           

 

 

 

Interest Shortfall Reconciliation Detail - Part 2

 

 

Offering

Stated Principal

Current Ending

Reimb of Advances to the Servicer         Other (Shortfalls)/ Refunds

 

Document

Balance at

Scheduled

 

                                                                                             Comments

 

 

 

 

 

Left to Reimburse

 

Cross-Reference

Contribution

Balance

Current Month

Master Servicer

 

 

 

 

 

 

 

There are no Interest Shortfalls for the above columns for this Period.

 

 

 

 

 

Totals

 

 

 

 

 

Interest Shortfall Reconciliation Detail Part 2 Total

 

0.00

 

Interest Shortfall Reconciliation Detail Part 1 Total

 

338,691.27

 

Total Interest Shortfall Allocated to Trust

 

338,691.27

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

Page 27 of 28

 


 

 

             

 

 

Defeased Loan Detail

 

 

 

 

 

Offering Document

Ending Scheduled

 

 

 

 

Loan Number

 

 

Maturity Date

Note Rate

Defeasance Status

 

 

Cross-Reference

Balance

 

 

 

 

 

300681008

8

34,508,790.92

7/1/23

4.690

Full Defeasance

 

300681017

17

13,874,909.58

7/1/23

4.449

Full Defeasance

 

300681024

24

7,073,953.18

8/1/23

5.300

Full Defeasance

 

300681025

25

6,673,589.32

7/1/23

4.910

Full Defeasance

 

300681027

27

6,629,912.87

6/1/23

3.947

Full Defeasance

 

 

 

 

 

Totals

 

68,761,155.87

 

 

 

 

 

 

Copyright 2021, Wells Fargo Bank, N.A.

 

 

 

 

 

Page 28 of 28

 



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings

Related Entities

Morgan Stanley