Form 10-D WFRBS Commercial Mortgag For: May 17

May 27, 2022 3:01 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 19, 2022 to May 17, 2022

Commission File Number of issuing entity:  333-172366-11

Central Index Key Number of issuing entity:  0001589803

WFRBS Commercial Mortgage Trust 2013-C18
(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor:  333-172366

Central Index Key Number of depositor:  0000850779

Wells Fargo Commercial Mortgage Securities, Inc.
(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001577313

National Cooperative Bank, N.A. (formerly known as NCB, FSB)
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0000740906

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

Central Index Key Number of sponsor (if applicable):  0001541886

UBS Real Estate Securities Inc.
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001541214

C-III Commercial Mortgage LLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001542105

Basis Real Estate Capital II, LLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001555501

Liberty Island Group I LLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0000729153

NatWest Markets Plc (formerly known as The Royal Bank of Scotland plc)
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001541615

RBS Financial Products Inc.
(Exact name of sponsor as specified in its charter)

Anthony J. Sfarra (212) 214-5600
(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)

38-3918787
38-3918788
38-3918789
38-7103156
(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-SB

     

     

  X  

     

A-S

     

     

  X  

     

X-A

     

     

  X  

     

B

     

     

  X  

     

C

     

     

  X  

     

PEX

     

     

  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 17, 2022 a distribution was made to holders of the certificates issued by WFRBS Commercial Mortgage Trust 2013-C18.

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 WFRBS Commercial Mortgage Trust 2013-C18 in accordance with Item 1100(b) as required by Item 1121(a)(9) of Regulation AB:

Loss Information as reported on May 17, 2022

Number of Delinquencies 30+ days

% of Delinquencies 30+ days by Pool Balance

Number of Loans/REOs with Losses

Average Net Loss

3

12.74%

1

$0.00

No assets securitized by Wells Fargo Commercial Mortgage Securities, Inc. (the "Depositor") and held by WFRBS Commercial Mortgage Trust 2013-C18 were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period from April 19, 2022 to May 17, 2022.

The Depositor filed its most recent Form ABS-15G in accordance with Rule 15Ga-1 under the Securities Exchange Act of 1934 (a "Rule 15Ga-1 Form ABS-15G") on May 10, 2022. The CIK number for the Depositor is 0000850779.

National Cooperative Bank, N.A. (formerly known as NCB, FSB) ("NCB "), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 14, 2022. The Central Index Key number for NCB  is 0001577313.

Wells Fargo Bank, National Association ("Wells Fargo"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 8, 2022. The Central Index Key number for Wells Fargo is 0000740906.

UBS Real Estate Securities Inc. ("UBS"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on May 12, 2022. The Central Index Key number for UBS is 0001541886.

C-III Commercial Mortgage LLC ("C-III"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on January 31, 2022. The Central Index Key number for C-III is 0001541214.

Basis Real Estate Capital II, LLC ("Basis"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 14, 2022. The Central Index Key number for Basis is 0001542105.

Liberty Island Group I LLC ("LIG I"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 1, 2022. The Central Index Key number for LIG I is 0001555501.

NatWest Markets Plc (formerly known as The Royal Bank of Scotland plc) ("NatWest plc"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on May 16, 2017. The Central Index Key number for NatWest plc is 0000729153.

RBS Financial Products Inc. ("RBSFP"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 14, 2022. The Central Index Key number for RBSFP is 0001541615.

Part II - OTHER INFORMATION

Item 2. Legal Proceedings.

Disclosure from Deutsche Bank Trust Company Americas, as trustee:

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.  On October 27, 2021, DBNTC and DBTCA filed a supplemental motion for summary judgment relating to plaintiffs’ standing.  On February 8, 2022, the court issued an order in which it granted DBNTC and DBTCA’s supplemental motion for summary judgment, granted in part DBNTC and DBTCA’s initial motion for summary judgment, and denied plaintiffs’ motion for partial summary judgment.  As a result of that order, all of plaintiffs’ claims were dismissed with prejudice.  On March 10, 2022, plaintiffs filed a notice of appeal to the United States Court of Appeals for the Second Circuit with respect to the court’s orders on the motions to dismiss and for summary judgment.

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.  On February 8, 2022, the court issued an order in which it granted in part DBNTC and DBTCA’s motion for summary judgment and denied plaintiffs’ motion for partial summary judgment.  As a result of that order, many of plaintiffs’ claims and theories were dismissed with prejudice.  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. Both appeals have been fully briefed.  On June 2, 2021, IKB filed a motion for re-argument regarding certain aspects of the court’s order on the motion to dismiss, which the court denied on August 3, 2021.  On May 13, 2021, DBNTC and DBTCA filed an answer to the complaint.  On October 28, 2021, the parties filed a stipulation, voluntarily dismissing with prejudice all claims as to seven additional trusts.  On December 29, 2021, the parties filed a stipulation, voluntarily dismissing with prejudice all claims as to one additional trust.  On April 22, 2022, the parties filed a stipulation, voluntarily dismissing with prejudice all claims as to 17 certificates at issue (including all claims as to 5 trusts), leaving 17 trusts at issue.  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 Garden State Plaza mortgage loan constitutes a significant obligor within the meaning of Item 1101(k)(2) of Regulation AB as disclosed in the Prospectus Supplement filed with the SEC on December 23, 2013. In accordance with Item 1112(b) of Regulation AB, the most recent unaudited net operating income of the significant obligor was $75,026,704.91 for the period of January 1, 2021 through December 31, 2021.

 

The Americas Mart mortgage loan constitutes a significant obligor within the meaning of Item 1101(k)(2) of Regulation AB as disclosed in the Prospectus Supplement filed with the SEC on December 23, 2013. In accordance with Item 1112(b) of Regulation AB, the most recent unaudited net operating income of the significant obligor was $63,481,157.48 for the period of January 1, 2021 through December 31, 2021.

 

The Outlet Collection | Jersey Gardens mortgage loan constitutes a significant obligor within the meaning of Item 1101(k)(2) of Regulation AB as disclosed in the Prospectus Supplement filed with the SEC on December 23, 2013. The Outlet Collection | Jersey Gardens mortgage loan was paid in full as of November 16, 2020, and is no longer an asset of the trust.

Item 7. Change in Sponsor Interest in the Securities.

None

Item 9. Other Information.

Computershare Trust Company, N.A., as agent for Wells Fargo Bank, N.A., in its capacity as Certificate Administrator for WFRBS Commercial Mortgage Trust 2013-C18, affirms the following amounts in the respective accounts:

Distribution Account Balance

  Prior Distribution Date

04/18/2022

$2,405.33

  Current Distribution Date

05/17/2022

$2,324.00

 

Interest Reserve Account Balance

  Prior Distribution Date

04/18/2022

$0.00

  Current Distribution Date

05/17/2022

$0.00

 

Item 10. Exhibits.

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

(99.1) Monthly report distributed to holders of the certificates issued by WFRBS Commercial Mortgage Trust 2013-C18, relating to the May 17, 2022 distribution.

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

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Wells Fargo Commercial Mortgage Securities, Inc.
(Depositor)

 

/s/ Anthony Sfarra
Anthony Sfarra, President

Date: May 27, 2022

 

 

 

     

Distribution Date:

05/17/22

WFRBS Commercial Mortgage Trust 2013-C18

Determination Date:

05/11/22

 

Next Distribution Date:

06/17/22

 

Record Date:

04/29/22

Commercial Mortgage Pass-Through Certificates

 

 

Series 2013-C18

 

           

Table of Contents

 

 

Contacts

 

 

Section

Pages

Role

Party and Contact Information

 

 

Certificate Distribution Detail

2

Depositor

Wells Fargo Commercial Mortgage Securities, Inc.

 

 

Certificate Factor Detail

3

 

Anthony Sfarra

(212) 214-5613

[email protected]

Certificate Interest Reconciliation Detail

4

 

375 Park Avenue, 2nd Floor, J0127-023 | New York, NY 10152 | United States

 

 

 

Master Servicer

Wells Fargo Bank, N.A.

 

 

Exchangeable Certificate Detail

5

 

 

 

 

 

 

 

Investor Relations

 

[email protected]

Additional Information

6

 

 

 

 

 

 

 

1901 Harrison Street | Oakland, CA 94612 | United States

 

 

Bond / Collateral Reconciliation - Cash Flows

7

Master Servicer

National Cooperative Bank, N.A.

 

 

Bond / Collateral Reconciliation - Balances

8

 

Kathleen Luzik

(703) 302-1902

 

Current Mortgage Loan and Property Stratification

9-13

 

2011 Crystal Drive, Suite 800 | Arlington, VA 22202 | United States

 

 

Mortgage Loan Detail (Part 1)

14-15

Special Servicer

LNR Partners, LLC

 

 

Mortgage Loan Detail (Part 2)

16-17

 

Job Warshaw

(305) 695-5600

 

Principal Prepayment Detail

18

 

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

 

Historical Detail

19

Trust Advisor

Pentalpha Surveillance LLC

 

 

 

 

 

Don Simon

(203) 660-6100

 

Delinquency Loan Detail

20

 

 

 

 

 

 

 

PO Box 4839 | Greenwich, CT 06831 | United States

 

 

Collateral Stratification and Historical Detail

21

 

 

 

 

 

 

Certificate Administrator

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

 

 

Specially Serviced Loan Detail - Part 1

22

 

Bank, N.A.

 

 

Specially Serviced Loan Detail - Part 2

23

 

Corporate Trust Services (CMBS)

 

[email protected];

 

 

 

 

 

[email protected]

Modified Loan Detail

24

 

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

 

 

Historical Liquidated Loan Detail

25

Trustee

Deutsche Bank Trust Company Americas

 

 

Historical Bond / Collateral Loss Reconciliation Detail

26

 

Karlene Benvenuto

 

[email protected]

Interest Shortfall Detail - Collateral Level

27

 

1761 East St. Andrew Place | Santa Ana, CA 92705 | United States

 

 

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 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.

   

© 2021 Computershare. All rights reserved. Confidential.

Page 1 of 28

 


 

 

                         

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

Original

 

 

Pass-Through

 

 

Principal

Interest

Prepayment

 

 

 

Credit

Credit

Class (3)

CUSIP

Rate (2)

   Original Balance                                       Beginning Balance

Distribution

Distribution

Penalties

   Realized Losses                       Total Distribution           Ending Balance

Support¹ Support¹

 

A-1

96221QAA1

1.191000%

48,516,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-2

96221QAB9

3.027000%

103,340,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-3

96221QAC7

3.651000%

140,000,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

30.00%

A-4

96221QAD5

3.896000%

170,000,000.00

145,955,338.19

0.00

473,868.33

0.00

0.00

473,868.33

145,955,338.19

45.93%

30.00%

A-5

96221QAE3

4.162000%

201,014,000.00

201,014,000.00

0.00

697,183.56

0.00

0.00

697,183.56

201,014,000.00

45.93%

30.00%

A-SB

96221QAF0

3.676000%

63,699,000.00

20,708,281.04

1,156,203.26

63,436.37

0.00

0.00

1,219,639.63

19,552,077.78

45.93%

30.00%

A-S

96221QAG8

4.387000%

70,062,000.00

70,062,000.00

0.00

256,135.00

0.00

0.00

256,135.00

70,062,000.00

35.60%

23.25%

B

96221QAJ2

4.865333%

72,657,000.00

72,657,000.00

0.00

294,583.74

0.00

0.00

294,583.74

72,657,000.00

24.88%

16.25%

C

96221QAK9

4.865333%

36,329,000.00

36,329,000.00

0.00

147,293.90

0.00

0.00

147,293.90

36,329,000.00

19.52%

12.75%

D

96221QAM5

4.865333%

66,169,000.00

66,169,000.00

0.00

221,792.85

0.00

0.00

221,792.85

66,169,000.00

9.76%

6.38%

E

96221QAP8

4.865333%

19,462,000.00

19,462,000.00

0.00

0.00

0.00

0.00

0.00

19,462,000.00

6.89%

4.50%

F

96221QAR4

4.865333%

7,785,000.00

7,785,000.00

0.00

0.00

0.00

0.00

0.00

7,785,000.00

5.74%

3.75%

G

96221QAT0

4.865333%

38,923,637.00

38,923,637.00

0.00

0.00

0.00

0.00

0.00

38,923,637.00

0.00%

0.00%

R

96221QAV5

0.000000%

1.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

1,037,956,638.00

679,065,256.23

1,156,203.26

2,154,293.75

0.00

0.00

3,310,497.01

677,909,052.97

 

 

 

 

X-A

96221QAH6

0.779004%

796,631,000.00

437,739,619.23

0.00

284,167.55

0.00

0.00

284,167.55

436,583,415.97

 

 

Notional SubTotal

 

796,631,000.00

437,739,619.23

0.00

284,167.55

0.00

0.00

284,167.55

436,583,415.97

 

 

 

Deal Distribution Total

 

 

 

1,156,203.26

2,438,461.30

0.00

0.00

3,594,664.56

 

 

 

 

(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.

 

 

 

 

 

 

 

 

(3)

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 PEX. For details on the current status and

 

payments of Class PEX, see page 4.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© 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

96221QAA1

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-2

96221QAB9

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-3

96221QAC7

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

A-4

96221QAD5

858.56081288

0.00000000

2.78746076

0.00000000

0.00000000

0.00000000

0.00000000

2.78746076

858.56081288

A-5

96221QAE3

1,000.00000000

0.00000000

3.46833335

0.00000000

0.00000000

0.00000000

0.00000000

3.46833335

1,000.00000000

A-SB

96221QAF0

325.09585771

18.15104256

0.99587702

0.00000000

0.00000000

0.00000000

0.00000000

19.14691957

306.94481515

A-S

96221QAG8

1,000.00000000

0.00000000

3.65583340

0.00000000

0.00000000

0.00000000

0.00000000

3.65583340

1,000.00000000

B

96221QAJ2

1,000.00000000

0.00000000

4.05444403

0.00000000

0.00000000

0.00000000

0.00000000

4.05444403

1,000.00000000

C

96221QAK9

1,000.00000000

0.00000000

4.05444411

0.00000000

0.00000000

0.00000000

0.00000000

4.05444411

1,000.00000000

D

96221QAM5

1,000.00000000

0.00000000

3.35191479

0.70252928

5.03584080

0.00000000

0.00000000

3.35191479

1,000.00000000

E

96221QAP8

1,000.00000000

0.00000000

0.00000000

4.05444404

77.78977700

0.00000000

0.00000000

0.00000000

1,000.00000000

F

96221QAR4

1,000.00000000

0.00000000

0.00000000

4.05444444

77.78977906

0.00000000

0.00000000

0.00000000

1,000.00000000

G

96221QAT0

1,000.00000000

0.00000000

0.00000000

4.05444409

122.56276154

0.00000000

0.00000000

0.00000000

1,000.00000000

R

96221QAV5

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

96221QAH6

549.48855773

0.00000000

0.35671164

0.00000000

0.00000000

0.00000000

0.00000000

0.35671164

548.03719159

 

 

 

 

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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

473,868.33

0.00

473,868.33

0.00

0.00

0.00

473,868.33

0.00

 

A-5

04/01/22 - 04/30/22

30

0.00

697,183.56

0.00

697,183.56

0.00

0.00

0.00

697,183.56

0.00

 

A-SB

04/01/22 - 04/30/22

30

0.00

63,436.37

0.00

63,436.37

0.00

0.00

0.00

63,436.37

0.00

 

A-S

04/01/22 - 04/30/22

30

0.00

256,135.00

0.00

256,135.00

0.00

0.00

0.00

256,135.00

0.00

 

X-A

04/01/22 - 04/30/22

30

0.00

284,167.55

0.00

284,167.55

0.00

0.00

0.00

284,167.55

0.00

 

B

04/01/22 - 04/30/22

30

0.00

294,583.74

0.00

294,583.74

0.00

0.00

0.00

294,583.74

0.00

 

C

04/01/22 - 04/30/22

30

0.00

147,293.90

0.00

147,293.90

0.00

0.00

0.00

147,293.90

0.00

 

D

04/01/22 - 04/30/22

30

286,730.89

268,278.51

0.00

268,278.51

46,485.66

0.00

0.00

221,792.85

333,216.55

 

E

04/01/22 - 04/30/22

30

1,435,037.05

78,907.59

0.00

78,907.59

78,907.59

0.00

0.00

0.00

1,513,944.64

 

F

04/01/22 - 04/30/22

30

574,029.58

31,563.85

0.00

31,563.85

31,563.85

0.00

0.00

0.00

605,593.43

 

G

04/01/22 - 04/30/22

30

4,612,774.73

157,813.71

0.00

157,813.71

157,813.71

0.00

0.00

0.00

4,770,588.44

 

Totals

 

 

6,908,572.25

2,753,232.11

0.00

2,753,232.11

314,770.81

0.00

0.00

2,438,461.30

7,223,343.06

 

 

 

 

 

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Page 4 of 28

 


 

 

                         

 

 

 

 

Exchangeable Certificate Detail

 

 

 

 

 

 

 

 

Pass-Through

 

 

 

 

Prepayment

 

 

 

 

 

Class

CUSIP

Rate

Original Balance

Beginning Balance                                             Principal Distribution       Interest Distribution

Penalties

 

Losses

 

   Total Distribution

  Ending Balance

Regular Interest

 

 

 

 

 

 

 

 

 

 

 

 

A-S (Cert)

96221QAG8

4.387000%

70,062,000.00

70,062,000.00

0.00

256,135.00

0.00

 

0.00

 

256,135.00

70,062,000.00

A-S (PEX)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

B (Cert)

96221QAJ2

4.865333%

72,657,000.00

72,657,000.00

0.00

294,583.74

0.00

 

0.00

 

294,583.74

72,657,000.00

B (PEX)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

C (Cert)

96221QAK9

4.865333%

36,329,000.00

36,329,000.00

0.00

147,293.90

0.00

 

0.00

 

147,293.90

36,329,000.00

C (PEX)

NA

N/A

0.01

0.00

0.00

0.00

0.00

 

0.00

 

0.00

0.00

Regular Interest Total

 

 

179,048,000.03

179,048,000.00

0.00

698,012.64

0.00

 

0.00

 

698,012.64

179,048,000.00

 

Exchangeable Certificate Details

 

 

 

 

 

 

 

 

 

 

 

PEX

96221QAL7

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

 

 

 

 

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Page 5 of 28

 


 

 

     

 

Additional Information

 

Total Available Distribution Amount (1)

3,594,664.56

 

(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

2,775,235.04

Master Servicing Fee

18,238.10

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

2,325.80

Interest Adjustments

0.00

Trustee Fee

164.11

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

282.94

ARD Interest

0.00

Trust Advisor Fee

992.00

Net Prepayment Interest Excess / (Shortfall)

0.00

 

 

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

 

 

Total Interest Collected

2,775,235.04

Total Fees

22,002.94

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

1,156,203.26

Reimbursement for Interest on Advances

0.00

Unscheduled Principal Collections

 

ASER Amount

284,193.69

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

30,577.12

Collection of Principal after Maturity Date

0.00

Special Servicing Fees (Liquidation)

0.00

Recoveries From Liquidations and Insurance Proceeds

0.00

Special Servicing Fees (Work Out)

0.00

Excess of Prior Principal Amounts Paid

0.00

Legal Fees

0.00

Curtailments

0.00

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

1,156,203.26

Total Expenses/Reimbursements

314,770.81

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

2,438,461.30

Excess Liquidation Proceeds

0.00

Principal Distribution

1,156,203.26

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

0.00

 

 

Borrower Option Extension Fees

0.00

Total Other Collected

0.00

Total Payments to Certificateholders and Others

3,594,664.56

Total Funds Collected

3,931,438.30

Total Funds Distributed

3,931,438.31

 

 

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Page 7 of 28

 


 

 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

Total

 

Total

Beginning Scheduled Collateral Balance

679,065,257.14

679,065,257.14

Beginning Certificate Balance

679,065,256.23

(-) Scheduled Principal Collections

1,156,203.26

1,156,203.26

(-) Principal Distributions

1,156,203.26

(-) Unscheduled Principal Collections

0.00

0.00

(-) Realized Losses

0.00

(-) Principal Adjustments (Cash)

0.00

0.00

Realized Loss and Realized Loss Adjustments on Collateral

0.00

(-) Principal Adjustments (Non-Cash)

0.00

0.00

Current Period NRA¹

0.00

(-) Realized Losses from Collateral

0.00

0.00

Current Period WODRA¹

0.00

(-) Other Adjustments²

0.00

0.00

Principal Used to Pay Interest

0.00

 

 

 

 

Non-Cash Principal Adjustments

0.00

Ending Scheduled Collateral Balance

677,909,053.88

677,909,053.88

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

683,213,932.96

683,213,932.96

Ending Certificate Balance

677,909,052.97

Ending Actual Collateral Balance

682,218,325.86

682,218,325.86

 

 

 

 

 

 

 

NRA/WODRA Reconciliation

 

Under / Over Collateralization Reconciliation

 

 

 

Non-Recoverable Advances (NRA) from

Workout Delayed Reimbursement of Advances

 

 

 

 

Principal

(WODRA) from Principal

Beginning UC / (OC)

(0.91)

Beginning Cumulative Advances

0.00

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

(0.91)

Ending Cumulative Advances

0.00

0.00

Net WAC Rate

4.87%

 

 

 

 

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

80,192,705.59

11.83%

18

5.0894

NAP

Defeased

14

80,192,705.59

11.83%

18

5.0894

NAP

 

1,000,000 or less

2

1,596,247.11

0.24%

19

4.9226

1.522088

1.30 or less

8

167,805,643.96

24.75%

20

5.2783

(0.216068)

1,000,001 to 2,000,000

9

14,306,560.34

2.11%

19

4.9925

2.368051

1.31 to 1.40

3

9,852,381.94

1.45%

19

5.0159

1.343061

2,000,001 to 3,000,000

2

5,487,162.96

0.81%

19

4.9406

1.641804

1.41 to 1.50

2

59,029,335.90

8.71%

19

5.4136

1.470243

3,000,001 to 4,000,000

5

18,282,656.86

2.70%

19

4.9703

2.356877

1.51 to 1.60

3

26,365,082.83

3.89%

19

5.0248

1.556562

4,000,001 to 5,000,000

2

8,934,232.36

1.32%

19

5.1602

1.123661

1.61 to 1.70

1

56,495,053.31

8.33%

19

5.4510

1.680000

5,000,001 to 6,000,000

1

5,117,421.94

0.75%

19

5.1500

2.327400

1.71 to 1.80

1

1,203,429.76

0.18%

18

5.4500

1.804700

6,000,001 to 7,000,000

1

6,750,000.00

1.00%

19

4.5510

2.266200

1.81 to 1.90

3

20,984,996.51

3.10%

19

5.0495

1.859486

7,000,001 to 8,000,000

3

23,154,457.26

3.42%

19

5.0830

1.758938

1.91 to 2.00

2

19,563,661.77

2.89%

19

5.0269

1.980563

8,000,001 to 9,000,000

2

16,862,299.83

2.49%

19

5.1160

0.999860

2.01 to 2.25

7

41,651,835.45

6.14%

19

4.9582

2.117601

9,000,001 to 10,000,000

0

0.00

0.00%

0

0.0000

0.000000

2.26 to 2.75

7

39,422,944.97

5.82%

19

5.0128

2.396248

10,000,001 to 15,000,000

4

49,941,317.47

7.37%

20

5.0128

2.144965

2.76 to 3.00

0

0.00

0.00%

0

0.0000

0.000000

15,000,001 to 20,000,000

1

16,346,434.84

2.41%

19

5.0700

1.868500

3.01 or Greater

3

155,341,981.89

22.91%

20

3.9007

3.537679

20,000,001 to 30,000,000

3

63,026,128.39

9.30%

20

5.3559

0.425141

Totals

54

677,909,053.88

100.00%

19

4.9036

1.673931

30,000,001 to 50,000,000

1

44,778,161.39

6.61%

20

5.2770

(0.249200)

 

 

 

 

 

 

 

50,000,001 to 90,000,000

3

173,133,267.54

25.54%

19

5.3475

0.861099

 

 

 

 

 

 

 

 

90,000,001 or greater

1

150,000,000.00

22.13%

20

3.8585

3.508300

 

 

 

 

 

 

 

 

Totals

54

677,909,053.88

100.00%

19

4.9036

1.673931

 

 

 

 

 

 

 

(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.

 

 

 

 

(4)

Note: There are no Hyper-Amortization Loans included in the Mortgage Pool.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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

15

80,192,705.59

11.83%

18

5.0894

NAP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Defeased

15

80,192,705.59

11.83%

18

5.0894

NAP

Arizona

1

2,952,880.37

0.44%

19

5.2500

1.815000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lodging

7

151,838,548.29

22.40%

19

5.2230

(0.102994)

California

5

27,814,710.94

4.10%

19

4.8425

1.974676

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed Use

1

7,693,407.54

1.13%

19

4.9280

0.783100

Florida

2

3,148,311.53

0.46%

19

5.3882

2.255537

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mobile Home Park

6

11,342,271.01

1.67%

19

5.3295

2.446162

Georgia

3

121,924,338.98

17.99%

19

5.4297

1.446104

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Family

12

54,258,855.32

8.00%

19

4.8732

2.056983

Illinois

2

65,981,663.39

9.73%

20

5.2706

(0.332816)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Office

3

36,717,045.86

5.42%

20

5.4528

0.945590

Iowa

2

20,370,611.02

3.00%

20

5.7600

0.205000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

1

112,990,106.62

16.67%

19

5.4510

1.471600

Kentucky

2

12,831,239.14

1.89%

19

5.1380

2.440842

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

9

215,393,105.93

31.77%

20

4.2052

2.991483

Michigan

2

2,800,261.04

0.41%

19

5.2262

2.115251

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Self Storage

2

7,483,007.72

1.10%

19

5.1262

3.343254

New Jersey

2

171,452,015.37

25.29%

20

4.0101

3.264267

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

56

677,909,053.88

100.00%

19

4.9036

1.673931

New York

8

72,678,929.46

10.72%

19

5.0416

(0.112332)

 

 

 

 

 

 

 

 

North Dakota

1

16,346,434.84

2.41%

19

5.0700

1.868500

 

 

 

 

 

 

 

 

Ohio

3

23,444,369.07

3.46%

19

5.0655

1.875690

 

 

 

 

 

 

 

 

Oklahoma

2

11,760,964.82

1.73%

19

5.0800

2.158100

 

 

 

 

 

 

 

 

Pennsylvania

1

8,656,364.31

1.28%

19

5.4060

0.021900

 

 

 

 

 

 

 

 

Tennessee

1

3,880,707.30

0.57%

19

5.2600

2.717100

 

 

 

 

 

 

 

 

Texas

4

31,672,546.71

4.67%

20

5.0110

2.361842

 

 

 

 

 

 

 

 

Totals

56

677,909,053.88

100.00%

19

4.9036

1.673931

 

 

 

 

 

 

 

 

 

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

80,192,705.59

11.83%

18

5.0894

NAP

Defeased

14

80,192,705.59

11.83%

18

5.0894

NAP

 

4.000% or less

1

150,000,000.00

22.13%

20

3.8585

3.508300

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

4.001% to 4.500%

5

9,267,169.70

1.37%

18

4.4840

1.796893

13 months to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.501% to 4.750%

3

10,018,598.84

1.48%

19

4.5583

1.940945

25 months to 36 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.751% to 5.000%

7

53,040,157.93

7.82%

19

4.9239

1.945700

37 months to 48 months

0

0.00

0.00%

0

0.0000

0.000000

 

5.001% to 5.250%

11

148,953,080.89

21.97%

19

5.1212

0.993145

49 months or greater

40

597,716,348.29

88.17%

19

4.8787

1.692897

 

5.251% to 5.500%

11

204,503,662.45

30.17%

19

5.3795

0.937693

Totals

54

677,909,053.88

100.00%

19

4.9036

1.673931

 

5.501% to 5.750%

1

1,563,067.46

0.23%

19

5.5300

1.573700

 

 

 

 

 

 

 

 

5.751% or Greater

1

20,370,611.02

3.00%

20

5.7600

0.205000

 

 

 

 

 

 

 

 

Totals

54

677,909,053.88

100.00%

19

4.9036

1.673931

 

 

 

 

 

 

 

(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.

 

 

 

 

(4)

Note: There are no Hyper-Amortization Loans included in the Mortgage Pool.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

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

80,192,705.59

11.83%

18

5.0894

NAP

Defeased

14

80,192,705.59

11.83%

18

5.0894

NAP

 

60 months or less

40

597,716,348.29

88.17%

19

4.8787

1.692897

Interest Only

3

160,100,000.00

23.62%

20

3.9011

3.414746

61 months to 84 months

0

0.00

0.00%

0

0.0000

0.000000

240 months or less

9

154,458,413.43

22.78%

19

5.4547

1.495853

 

85 months or Greater

0

0.00

0.00%

0

0.0000

0.000000

241 months to 300 months

27

281,287,234.16

41.49%

19

5.1214

0.818432

 

Totals

54

677,909,053.88

100.00%

19

4.9036

1.673931

301 months to 360 months

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

361 months to 480 months

1

1,870,700.70

0.28%

18

4.5000

2.090000

 

 

 

 

 

 

 

 

481 months or Greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

 

 

Totals

54

677,909,053.88

100.00%

19

4.9036

1.673931

(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.

 

 

 

 

(4)

Note: There are no Hyper-Amortization Loans included in the Mortgage Pool.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© 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

80,192,705.59

11.83%

18

5.0894

NAP

 

 

 

None

 

Underwriter's Information

1

56,495,053.31

8.33%

19

5.4510

1.680000

 

 

 

 

 

 

12 months or less

31

524,459,405.91

77.36%

19

4.8221

1.701528

 

 

 

 

 

 

13 months to 24 months

6

10,001,485.95

1.48%

18

4.4888

1.714890

 

 

 

 

 

 

25 months or greater

2

6,760,403.12

1.00%

19

5.0682

1.098617

 

 

 

 

 

 

Totals

54

677,909,053.88

100.00%

19

4.9036

1.673931

 

 

 

 

 

(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.

 

(4)

Note: There are no Hyper-Amortization Loans included in the Mortgage Pool.

 

 

 

 

 

 

 

 

 

 

 

 

© 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

(1)

City

State                      Accrual Type          Gross Rate

Interest

Principal

Adjustments                 Repay Date          Date

    Date

Balance

Balance

Date

 

1

440000320

RT

Paramus

NJ

Actual/360

3.858%

482,312.50

0.00

0.00

N/A

01/01/24

--

150,000,000.00

150,000,000.00

05/01/22

 

2A

310921672

98

Atlanta

GA

Actual/360

5.451%

257,402.88

170,412.40

0.00

N/A

12/01/23

--

56,665,465.71

56,495,053.31

05/01/22

 

2B

300801011

 

 

 

Actual/360

5.451%

257,402.88

170,412.40

0.00

N/A

12/01/23

--

56,665,465.71

56,495,053.31

05/01/22

 

4

440000315

LO

Jamaica

NY

Actual/360

5.153%

258,760.28

115,394.31

0.00

N/A

12/01/23

--

60,258,555.23

60,143,160.92

05/01/22

 

5

440000319

LO

Chicago

IL

Actual/360

5.277%

197,189.59

63,132.70

0.00

N/A

01/01/24

--

44,841,294.09

44,778,161.39

04/01/20

 

8

310917349

RT

Jersey City

NJ

Actual/360

5.070%

90,822.58

44,454.38

0.00

N/A

12/01/23

--

21,496,469.75

21,452,015.37

05/01/22

 

9

416000120

OF

Cedar Rapids

IA

Actual/360

5.760%

98,063.88

59,363.83

0.00

N/A

01/01/24

--

20,429,974.85

20,370,611.02

03/01/18

 

10

440000318

LO

Chicago

IL

Actual/360

5.257%

93,050.31

36,819.47

0.00

N/A

01/01/24

--

21,240,321.47

21,203,502.00

04/01/20

 

11

301330011

OF

Fargo

ND

Actual/360

5.070%

69,206.81

33,874.24

0.00

N/A

12/01/23

--

16,380,309.08

16,346,434.84

05/01/22

 

13

790922115

MF

EI Paso

TX

Actual/360

5.000%

56,122.08

24,266.96

0.00

N/A

<