Distribution Date:

11/14/22

COMM 2018-COR3 Mortgage Trust

Determination Date:

11/07/22

 

Next Distribution Date:

12/12/22

 

Record Date:

10/31/22

Commercial Mortgage Pass-Through Certificates

 

 

Series 2018-COR3

 

         

Table of Contents

 

 

Contacts

 

Section

Pages

Role

Party and Contact Information

 

Certificate Distribution Detail

2

Depositor

Deutsche Mortgage & Asset Receiving Corporation

 

Certificate Factor Detail

3

 

Helaine M. Kaplan

(212) 250-5270

Certificate Interest Reconciliation Detail

4

 

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

 

 

 

Master Servicer

Midland Loan Services

 

Additional Information

5

 

 

 

 

 

 

askmidlandls.com

(913) 253-9000

Bond / Collateral Reconciliation - Cash Flows

6

 

 

 

 

 

 

A Division of PNC Bank, N.A., 10851 Mastin Street, Suite 700 | Overland Park, KS 66210 | United States

Bond / Collateral Reconciliation - Balances

7

Special Servicer

Midland Loan Services

 

Current Mortgage Loan and Property Stratification

8-12

 

askmidlandls.com

(913) 253-9000

Mortgage Loan Detail (Part 1)

13-14

 

A Division of PNC Bank, N.A., 10851 Mastin Street, Suite 700 | Overland Park, KS 66210 | United States

Mortgage Loan Detail (Part 2)

15-16

Operating Advisor & Asset

Park Bridge Lender Services LLC

 

 

 

Representations Reviewer

 

 

Principal Prepayment Detail

17

 

 

 

 

 

 

David Rodgers

(212) 230-9025

Historical Detail

18

 

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

 

Delinquency Loan Detail

19

Certificate Administrator

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

 

Collateral Stratification and Historical Detail

20

 

Bank, N.A.

 

 

 

 

Corporate Trust Services (CMBS)

cts.cmbs.bond.admin@wellsfargo.com;

Specially Serviced Loan Detail - Part 1

21

 

 

trustadministrationgroup@wellsfargo.com

Specially Serviced Loan Detail - Part 2

22

 

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

 

Modified Loan Detail

23

Directing Certificateholder

LoanCore Capital Markets LLC

 

Historical Liquidated Loan Detail

24

 

-

 

Historical Bond / Collateral Loss Reconciliation Detail

25

 

 

 

Interest Shortfall Detail - Collateral Level

26

 

 

 

Supplemental Notes

27

 

 

 

 

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

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

   

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Page 1 of 27

 


 

                         

 

 

 

 

Certificate Distribution Detail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

Original

 

 

Pass-Through

 

 

Principal

Interest

Prepayment

 

 

 

Credit

Credit

Class

CUSIP

Rate (2)

Original Balance                                      Beginning Balance

Distribution

Distribution

Penalties

Realized Losses                      Total Distribution             Ending Balance

Support¹         Support¹

 

A-1

12595VAA5

3.098000%

11,703,000.00

1,894,714.29

229,958.84

4,891.52

0.00

0.00

234,850.36

1,664,755.45

30.30%

30.00%

A-SB

12595VAB3

4.181000%

17,303,000.00

17,303,000.00

0.00

60,286.54

0.00

0.00

60,286.54

17,303,000.00

30.30%

30.00%

A-2

12595VAC1

3.961000%

303,000,000.00

303,000,000.00

0.00

1,000,152.50

0.00

0.00

1,000,152.50

303,000,000.00

30.30%

30.00%

A-3

12595VAD9

4.228000%

372,251,000.00

372,251,000.00

0.00

1,311,564.36

0.00

0.00

1,311,564.36

372,251,000.00

30.30%

30.00%

A-M

12595VAF4

4.493050%

56,593,000.00

56,593,000.00

0.00

211,895.98

0.00

0.00

211,895.98

56,593,000.00

24.62%

24.38%

B

12595VAG2

4.664300%

51,561,000.00

51,561,000.00

0.00

200,413.31

0.00

0.00

200,413.31

51,561,000.00

19.44%

19.25%

C

12595VAH0

4.711800%

49,047,000.00

49,047,000.00

0.00

192,583.05

0.00

0.00

192,583.05

49,047,000.00

14.52%

14.38%

D

12595VAN7

2.961800%

47,300,000.00

47,300,000.00

0.00

116,744.28

0.00

0.00

116,744.28

47,300,000.00

9.77%

9.67%

E-RR

12595VAQ0

4.711800%

11,807,000.00

11,807,000.00

0.00

46,360.19

0.00

0.00

46,360.19

11,807,000.00

8.59%

8.50%

F-RR

12595VAS6

4.711800%

20,122,000.00

20,122,000.00

0.00

79,009.03

0.00

0.00

79,009.03

20,122,000.00

6.57%

6.50%

G-RR

12595VAU1

4.711800%

18,864,000.00

18,864,000.00

0.00

74,069.50

0.00

0.00

74,069.50

18,864,000.00

4.67%

4.63%

H-RR

12595VAW7

4.711800%

46,531,811.00

46,531,811.00

0.00

149,937.68

0.00

0.00

149,937.68

46,531,811.00

0.00%

0.00%

S

12595VAY3

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

R

12595VBA4

0.000000%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

0.00%

Regular SubTotal

 

1,006,082,811.00

996,274,525.29

229,958.84

3,447,907.94

0.00

0.00

3,677,866.78

996,044,566.45

 

 

 

 

X-A

12595VAE7

0.575480%

760,850,000.00

751,041,714.29

0.00

360,174.40

0.00

0.00

360,174.40

750,811,755.45

 

 

X-B

12595VAJ6

0.047500%

51,561,000.00

51,561,000.00

0.00

2,040.96

0.00

0.00

2,040.96

51,561,000.00

 

 

X-D

12595VAL1

1.750000%

47,300,000.00

47,300,000.00

0.00

68,979.17

0.00

0.00

68,979.17

47,300,000.00

 

 

Notional SubTotal

 

859,711,000.00

849,902,714.29

0.00

431,194.53

0.00

0.00

431,194.53

849,672,755.45

 

 

 

Deal Distribution Total

 

 

 

229,958.84

3,879,102.47

0.00

0.00

4,109,061.31

 

 

 

 

*

Denotes the Controlling Class (if required)

 

 

 

 

 

 

 

 

 

 

(1)

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

 

dividing the result by (A).

 

 

 

 

 

 

 

 

 

 

 

(2)

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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Page 2 of 27

 


 

                     

 

 

 

 

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

12595VAA5

161.89987952

19.64956336

0.41797146

0.00000000

0.00000000

0.00000000

0.00000000

20.06753482

142.25031616

A-SB

12595VAB3

1,000.00000000

0.00000000

3.48416691

0.00000000

0.00000000

0.00000000

0.00000000

3.48416691

1,000.00000000

A-2

12595VAC1

1,000.00000000

0.00000000

3.30083333

0.00000000

0.00000000

0.00000000

0.00000000

3.30083333

1,000.00000000

A-3

12595VAD9

1,000.00000000

0.00000000

3.52333334

0.00000000

0.00000000

0.00000000

0.00000000

3.52333334

1,000.00000000

A-M

12595VAF4

1,000.00000000

0.00000000

3.74420829

0.00000000

0.00000000

0.00000000

0.00000000

3.74420829

1,000.00000000

B

12595VAG2

1,000.00000000

0.00000000

3.88691666

0.00000000

0.00000000

0.00000000

0.00000000

3.88691666

1,000.00000000

C

12595VAH0

1,000.00000000

0.00000000

3.92650009

0.00000000

0.00000000

0.00000000

0.00000000

3.92650009

1,000.00000000

D

12595VAN7

1,000.00000000

0.00000000

2.46816660

0.00000000

0.00000000

0.00000000

0.00000000

2.46816660

1,000.00000000

E-RR

12595VAQ0

1,000.00000000

0.00000000

3.92650038

0.00000000

0.00000000

0.00000000

0.00000000

3.92650038

1,000.00000000

F-RR

12595VAS6

1,000.00000000

0.00000000

3.92649985

0.00000000

0.00000000

0.00000000

0.00000000

3.92649985

1,000.00000000

G-RR

12595VAU1

1,000.00000000

0.00000000

3.92650021

0.00000000

0.00000000

0.00000000

0.00000000

3.92650021

1,000.00000000

H-RR

12595VAW7

1,000.00000000

0.00000000

3.22226186

0.70423823

33.57471730

0.00000000

0.00000000

3.22226186

1,000.00000000

S

12595VAY3

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

R

12595VBA4

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

0.00000000

 

Notional Certificates

 

 

 

 

 

 

 

 

 

X-A

12595VAE7

987.10877872

0.00000000

0.47338424

0.00000000

0.00000000

0.00000000

0.00000000

0.47338424

986.80653933

X-B

12595VAJ6

1,000.00000000

0.00000000

0.03958341

0.00000000

0.00000000

0.00000000

0.00000000

0.03958341

1,000.00000000

X-D

12595VAL1

1,000.00000000

0.00000000

1.45833340

0.00000000

0.00000000

0.00000000

0.00000000

1.45833340

1,000.00000000

 

 

 

 

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Page 3 of 27

 


 

                         

 

 

 

 

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

10/01/22 - 10/30/22

30

0.00

4,891.52

0.00

4,891.52

0.00

0.00

0.00

4,891.52

0.00

 

A-SB

10/01/22 - 10/30/22

30

0.00

60,286.54

0.00

60,286.54

0.00

0.00

0.00

60,286.54

0.00

 

A-2

10/01/22 - 10/30/22

30

0.00

1,000,152.50

0.00

1,000,152.50

0.00

0.00

0.00

1,000,152.50

0.00

 

A-3

10/01/22 - 10/30/22

30

0.00

1,311,564.36

0.00

1,311,564.36

0.00

0.00

0.00

1,311,564.36

0.00

 

X-A

10/01/22 - 10/30/22

30

0.00

360,174.40

0.00

360,174.40

0.00

0.00

0.00

360,174.40

0.00

 

X-B

10/01/22 - 10/30/22

30

0.00

2,040.96

0.00

2,040.96

0.00

0.00

0.00

2,040.96

0.00

 

X-D

10/01/22 - 10/30/22

30

0.00

68,979.17

0.00

68,979.17

0.00

0.00

0.00

68,979.17

0.00

 

A-M

10/01/22 - 10/30/22

30

0.00

211,895.98

0.00

211,895.98

0.00

0.00

0.00

211,895.98

0.00

 

B

10/01/22 - 10/30/22

30

0.00

200,413.31

0.00

200,413.31

0.00

0.00

0.00

200,413.31

0.00

 

C

10/01/22 - 10/30/22

30

0.00

192,583.05

0.00

192,583.05

0.00

0.00

0.00

192,583.05

0.00

 

D

10/01/22 - 10/30/22

30

0.00

116,744.28

0.00

116,744.28

0.00

0.00

0.00

116,744.28

0.00

 

E-RR

10/01/22 - 10/30/22

30

0.00

46,360.19

0.00

46,360.19

0.00

0.00

0.00

46,360.19

0.00

 

F-RR

10/01/22 - 10/30/22

30

0.00

79,009.03

0.00

79,009.03

0.00

0.00

0.00

79,009.03

0.00

 

G-RR

10/01/22 - 10/30/22

30

0.00

74,069.50

0.00

74,069.50

0.00

0.00

0.00

74,069.50

0.00

 

H-RR

10/01/22 - 10/30/22

30

1,529,522.92

182,707.16

0.00

182,707.16

32,769.48

0.00

0.00

149,937.68

1,562,292.40

 

Totals

 

 

1,529,522.92

3,911,871.95

0.00

3,911,871.95

32,769.48

0.00

0.00

3,879,102.47

1,562,292.40

 

 

 

 

 

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Page 4 of 27

 


 

     

 

Additional Information

 

Total Available Distribution Amount (1)

4,109,061.31

 

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

 

 

 

 

 

 

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Page 5 of 27

 


 

       

Bond / Collateral Reconciliation - Cash Flows

 

 

Total Funds Collected

 

Total Funds Distributed

 

Interest

 

Fees

 

Interest Paid or Advanced

3,924,981.40

Master Servicing Fee

4,864.19

Interest Reductions due to Nonrecoverability Determination

0.00

Certificate Administrator Fee

6,005.32

Interest Adjustments

0.00

Trustee Fee

0.00

Deferred Interest

0.00

CREFC® Intellectual Property Royalty License Fee

428.95

ARD Interest

0.00

Operating Advisor Fee

1,811.01

Net Prepayment Interest Excess / (Shortfall)

0.00

Asset Representations Reviewer Fee

0.00

Extension Interest

0.00

 

 

Interest Reserve Withdrawal

0.00

 

 

Total Interest Collected

3,924,981.40

Total Fees

13,109.47

 

Principal

 

Expenses/Reimbursements

 

Scheduled Principal

229,958.84

Reimbursement for Interest on Advances

3,789.48

Unscheduled Principal Collections

 

ASER Amount

5,757.27

Principal Prepayments

0.00

Special Servicing Fees (Monthly)

22,902.83

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)

319.90

Excess of Prior Principal Amounts Paid

0.00

Legal Fees

0.00

Curtailments

0.00

Rating Agency Expenses

0.00

Principal Adjustments

0.00

Taxes Imposed on Trust Fund

0.00

 

 

Non-Recoverable Advances

0.00

 

 

Workout Delayed Reimbursement Amounts

0.00

 

 

Other Expenses

0.00

Total Principal Collected

229,958.84

Total Expenses/Reimbursements

32,769.48

 

 

 

Interest Reserve Deposit

0.00

 

Other

 

Payments to Certificateholders and Others

 

Prepayment Penalties / Yield Maintenance

0.00

Interest Distribution

3,879,102.47

Gain on Sale / Excess Liquidation Proceeds

0.00

Principal Distribution

229,958.84

Borrower Option Extension Fees

0.00

Prepayment Penalties / Yield Maintenance

0.00

Net SWAP Counterparty Payments Received

0.00

Borrower Option Extension Fees

0.00

 

 

Net SWAP Counterparty Payments Paid

0.00

Total Other Collected

0.00

Total Payments to Certificateholders and Others

4,109,061.31

Total Funds Collected

4,154,940.24

Total Funds Distributed

4,154,940.26

 

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Page 6 of 27

 


 

           

 

 

Bond / Collateral Reconciliation - Balances

 

 

 

 

Collateral Reconciliation

 

Certificate Reconciliation

 

 

 

 

Total

 

Total

Beginning Scheduled Collateral Balance

996,274,525.69

996,274,525.69

Beginning Certificate Balance

996,274,525.29

(-) Scheduled Principal Collections

229,958.84

229,958.84

(-) Principal Distributions

229,958.84

(-) 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

996,044,566.85

996,044,566.85

Certificate Other Adjustments**

0.00

Beginning Actual Collateral Balance

996,735,099.34

996,735,099.34

Ending Certificate Balance

996,044,566.45

Ending Actual Collateral Balance

996,259,167.31

996,259,167.31

 

 

 

 

 

 

 

NRA/WODRA Reconciliation

 

Under / Over Collateralization Reconciliation

 

 

 

Non-Recoverable Advances (NRA) from

Workout Delayed Reimbursement of Advances

 

 

 

 

Principal

(WODRA) from Principal

Beginning UC / (OC)

(0.40)

Beginning Cumulative Advances

0.00

0.00

UC / (OC) Change

0.00

Current Period Advances

0.00

0.00

Ending UC / (OC)

(0.40)

Ending Cumulative Advances

0.00

0.00

Net WAC Rate

4.71%

 

 

 

 

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 7 of 27

 


 

                             

 

 

 

 

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

1

8,029,298.21

0.81%

65

5.3680

NAP

Defeased

1

8,029,298.21

0.81%

65

5.3680

NAP

 

7,499,999 or less

9

47,486,899.24

4.77%

64

4.6278

1.818172

1.44 or less

14

396,910,455.33

39.85%

61

4.7731

0.719791

7,500,000 to 14,999,999

14

152,563,243.57

15.32%

63

4.8036

2.017527

1.45 to 1.49

2

18,482,393.73

1.86%

61

4.9729

1.481013

15,000,000 to 24,999,999

9

182,797,493.91

18.35%

61

4.4960

1.287685

1.50 to 1.74

6

119,278,852.47

11.98%

63

4.6655

1.546952

25,000,000 to 49,999,999

7

262,217,631.92

26.33%

61

4.7241

1.409686

1.75 to 1.99

11

155,143,567.11

15.58%

62

4.6119

1.860446

 

50,000,000 or greater

6

342,950,000.00

34.43%

63

4.3757

1.916966

2.00 to 2.49

4

58,620,000.00

5.89%

64

4.7371

2.077927

 

Totals

46

996,044,566.85

100.00%

62

4.5750

1.674538

2.50 to 3.49

7

229,580,000.00

23.05%

65

4.0578

3.042361

 

 

 

 

 

 

 

 

3.50 or greater

1

10,000,000.00

1.00%

62

4.6160

5.010000

 

 

 

 

 

 

 

 

Totals

46

996,044,566.85

100.00%

62

4.5750

1.674538

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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Page 8 of 27

 


 

                           

 

 

 

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

1

8,029,298.21

0.81%

65

5.3680

NAP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Defeased

1

8,029,298.21

0.81%

65

5.3680

NAP

Arizona

1

5,573,384.70

0.56%

65

4.9400

1.780000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial

3

136,999,073.40

13.75%

64

4.3113

2.505775

California

6

217,850,000.00

21.87%

64

4.3693

2.396206

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lodging

6

191,171,349.85

19.19%

58

4.8610

1.135413

Florida

5

49,306,441.48

4.95%

62

4.5288

2.913321

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mixed Use

8

189,480,000.00

19.02%

64

4.8496

1.471159

Georgia

1

10,177,278.54

1.02%

63

5.3180

1.490000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-Family

2

67,093,592.56

6.74%

65

4.6592

0.975253

Illinois

2

33,317,500.00

3.34%

63

4.7907

1.871939

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Office

8

196,757,002.23

19.75%

64

4.2332

2.515239

Michigan

3

18,966,695.87

1.90%

64

5.0793

1.465118

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

3

21,675,000.00

2.18%

59

4.4382

1.750000

Minnesota

2

22,505,115.19

2.26%

62

4.3859

1.741316

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

13

184,839,249.94

18.56%

61

4.5082

1.186088

Nevada

1

12,800,000.00

1.29%

62

4.9010

2.990000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

44

996,044,566.85

100.00%

62

4.5750

1.674538

New Jersey

1

6,150,000.00

0.62%

58

4.5540

1.810000

 

 

 

 

 

 

 

 

New York

13

385,583,003.13

38.71%

64

4.5239

1.476428

 

 

 

 

 

 

 

 

North Carolina

1

4,030,000.00

0.40%

65

4.6800

2.690000

 

 

 

 

 

 

 

 

Ohio

1

15,245,627.03

1.53%

66

4.9300

1.120000

 

 

 

 

 

 

 

 

Pennsylvania

1

27,251,240.27

2.74%

60

4.0560

1.970000

 

 

 

 

 

 

 

 

South Carolina

1

11,671,349.85

1.17%

65

5.3200

0.750000

 

 

 

 

 

 

 

 

Texas

1

32,417,631.92

3.25%

60

4.7300

1.510000

 

 

 

 

 

 

 

 

Washington

3

135,170,000.00

13.57%

56

4.7891

0.580829

 

 

 

 

 

 

 

 

Totals

44

996,044,566.85

100.00%

62

4.5750

1.674538

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 9 of 27

 


 

                             

 

 

 

 

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

1

8,029,298.21

0.81%

65

5.3680

NAP

Defeased

1

8,029,298.21

0.81%

65

5.3680

NAP

 

3.9999% or less

1

64,450,000.00

6.47%

65

3.4649

3.430000

12 months or less

0

0.00

0.00%

0

0.0000

0.000000

 

4.000% to 4.2499%

6

169,251,240.93

16.99%

63

4.1349

1.902763

13 to 24 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.250% to 4.4999%

5

98,900,000.00

9.93%

62

4.3672

2.271057

25 to 36 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.500% to 4.7499%

15

289,432,468.03

29.06%

62

4.6382

1.470272

37 to 48 months

0

0.00

0.00%

0

0.0000

0.000000

 

4.750% to 4.9999%

11

228,166,235.42

22.91%

61

4.8707

1.259267

49 months or greater

45

988,015,268.64

99.19%

62

4.5686

1.676688

 

5.000% or greater

7

137,815,324.26

13.84%

64

5.1157

1.277152

Totals

46

996,044,566.85

100.00%

62

4.5750

1.674538

 

Totals

46

996,044,566.85

100.00%

62

4.5750

1.674538

 

 

 

 

 

 

 

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 10 of 27

 


 

                             

 

 

 

 

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

1

8,029,298.21

0.81%

65

5.3680

NAP

Defeased

1

8,029,298.21

0.81%

65

5.3680

NAP

 

114 months or less

45

988,015,268.64

99.19%

62

4.5686

1.676688

Interest Only

3

110,000,000.00

11.04%

66

4.2042

2.908182

 

115 months or greater

0

0.00

0.00%

0

0.0000

0.000000

299 months or less

29

733,643,856.12

73.66%

62

4.5619

1.505802

 

Totals

46

996,044,566.85

100.00%

62

4.5750

1.674538

300 months or greater

13

144,371,412.52

14.49%

63

4.8806

1.606765

 

 

 

 

 

 

 

 

Totals

46

996,044,566.85

100.00%

62

4.5750

1.674538

(1)

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

 

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

 

 

 

 

(2)

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

 

 

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

Page 11 of 27

 


 

                         

 

 

 

 

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

1

8,029,298.21

0.81%

65

5.3680

NAP

 

 

 

None

 

Underwriter's Information

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

12 months or less

44

973,815,268.64

97.77%

62

4.5727

1.673432

 

 

 

 

 

 

13 to 24 months

1

14,200,000.00

1.43%

65

4.2900

1.900000

 

 

 

 

 

 

25 months or greater

0

0.00

0.00%

0

0.0000

0.000000

 

 

 

 

 

 

Totals

46

996,044,566.85

100.00%

62

4.5750

1.674538

 

 

 

 

 

(1)

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

 

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

 

(2)

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

 

 

 

(3)

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

 

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

 

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

 

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

 

 

 

 

 

 

 

 

 

 

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Page 12 of 27

 


 

                                 

 

 

 

 

 

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

30299836

IN

Brooklyn

NY

Actual/360

4.166%

179,369.44

0.00

0.00

N/A

05/06/28

--

50,000,000.00

50,000,000.00

11/06/22

 

1A2

30299864

 

 

 

Actual/360

4.166%

179,369.44

0.00

0.00

N/A

05/06/28

--

50,000,000.00

50,000,000.00

11/06/22

 

2

30314477

LO

Seattle

WA

Actual/360

4.840%

166,711.11

0.00

0.00

N/A

06/06/27

--

40,000,000.00

40,000,000.00

11/06/22

 

2A

30314504

 

 

 

Actual/360

4.840%

158,375.56

0.00

0.00

N/A

06/06/27

--

38,000,000.00

38,000,000.00

11/06/22

 

3

30314478

MU

Brooklyn

NY

Actual/360

5.066%

285,736.47

0.00

0.00

N/A

02/06/28

--

65,500,000.00

65,500,000.00

11/06/22

 

4

30314479

OF

Mountain View

CA

Actual/360

3.465%

192,296.03

0.00

0.00

04/06/28

04/06/30

--

64,450,000.00

64,450,000.00

11/06/22

 

5

30314481

MF

New York

NY

Actual/360

4.633%

251,367.38

0.00

0.00

N/A

04/06/28

--

63,000,000.00

63,000,000.00

11/06/22

 

6

30312998

LO

Seattle

WA

Actual/360

4.740%

204,083.33

0.00

0.00

N/A

06/06/27

--

50,000,000.00

50,000,000.00

11/06/22

 

7

30299555

OF

New York

NY

Actual/360

4.505%

162,930.83

0.00

0.00

N/A

03/06/28

--

42,000,000.00

42,000,000.00

11/06/22

 

7A3

30299557

 

 

 

Actual/360

4.505%

19,396.53

0.00

0.00

N/A

03/06/28

--

5,000,000.00

5,000,000.00

11/06/22

 

8

30314482

RT

New York

NY

Actual/360

4.112%

74,358.67

0.00

0.00

N/A

10/06/27

--

21,000,000.00

21,000,000.00

03/06/20

 

8A

30314518

 

 

 

Actual/360

4.112%

74,358.67

0.00

0.00

N/A

10/06/27

--

21,000,000.00

21,000,000.00

03/06/20

 

9

30314484

MU

Monterey Park

CA

Actual/360

4.845%

166,883.33

0.00

0.00

N/A

04/01/28

--

40,000,000.00

40,000,000.00

11/01/22

 

10

30314486

OF

Redwood City

CA

Actual/360

4.288%

141,420.62

0.00

0.00

N/A

02/06/28

--

38,300,000.00

38,300,000.00

11/06/22

 

11

30314487

IN

San Antonio

TX

Actual/360

4.730%

132,221.00

44,729.45

0.00

N/A

11/06/27

--

32,462,361.37

32,417,631.92

11/06/22

 

12

30299721

LO

San Diego

CA

Actual/360

5.100%

138,337.50

0.00

0.00

N/A

04/06/28

--

31,500,000.00

31,500,000.00

11/06/22

 

13

30314488

RT

Whitehall

PA

Actual/360

4.056%

79,458.41

40,703.94

0.00

N/A

11/01/27

--

22,750,070.82

22,709,366.88

11/01/22

 

13A2C2

30314489

 

 

 

Actual/360

4.056%

15,891.69

8,140.77

0.00

N/A

11/01/27

--

4,550,014.82

4,541,874.05

11/01/22

 

14

30314490

RT

Sherman Oaks

CA

Actual/360

4.639%

89,481.16

0.00

0.00

N/A

01/06/28

--

22,400,000.00

22,400,000.00

11/06/22

 

15

30314491

98

New York

NY

Actual/360

4.438%

82,837.53

0.00

0.00

N/A

10/06/27

--

21,675,000.00

21,675,000.00

11/06/22

 

16

30314492

MU

San Francisco

CA

Actual/360

4.997%

91,223.01

0.00

0.00

N/A

04/06/28

--

21,200,000.00

21,200,000.00

10/06/22

 

17

30314493

RT

Palatine

IL

Actual/360

4.836%

84,608.84

0.00

0.00

N/A

12/06/27

--

20,317,500.00

20,317,500.00

11/06/22

 

18

30314494

MU

Miramar

FL

Actual/360

4.497%

66,799.19

0.00

0.00

N/A

12/06/27

--

17,250,000.00

17,250,000.00

11/06/22

 

19

30314495

RT

Columbus

OH

Actual/360

4.930%

64,817.26

22,457.31

0.00

N/A

05/06/28

--

15,268,084.34

15,245,627.03

11/06/22

 

20

30314496

MU

Brooklyn

NY

Actual/360

4.800%

59,106.67

0.00

0.00

N/A

04/06/28

--

14,300,000.00

14,300,000.00

11/06/22

 

21

30314497

MU

Minneapolis

MN

Actual/360

4.290%

52,457.17

0.00

0.00

N/A

04/06/28

--

14,200,000.00

14,200,000.00

11/06/22

 

22

30314498

OF

Brooklyn

NY

Actual/360

4.930%

55,698.04

0.00

0.00

N/A

04/06/28

--

13,120,000.00

13,120,000.00

11/06/22

 

23

30314499

MU

Vernon Hills

IL

Actual/360

4.720%

52,837.78

0.00

0.00

N/A

04/06/28

--

13,000,000.00

13,000,000.00

11/06/22

 

 

 

 

 

© 2021 Computershare. All rights reserved. Confidential.

 

 

 

 

 

 

 

 

 

 

Page 13 of 27

 


 

                                 

 

 

 

 

 

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

 

24

30314500

OF

Las Vegas

NV

Actual/360

4.901%

54,019.91

0.00

0.00

N/A

01/06/28

--

12,800,000.00

12,800,000.00

11/06/22

 

25

30314501

LO

North Charleston

SC

Actual/360

5.320%

53,541.17

16,027.24

0.00

N/A

04/06/28

--

11,687,377.09

11,671,349.85

10/06/21

 

26

30314502

OF

Atlanta

GA

Actual/360

5.318%

46,665.93

13,149.54

0.00

N/A

02/06/28

--

10,190,428.08

10,177,278.54

11/06/22

 

27

30314503

RT

Westland

MI

Actual/360

5.120%

43,484.76

11,477.36

0.00

N/A

03/06/28

--

9,862,974.22

9,851,496.86

11/06/22

 

28

30299858

LO

Miami Beach

FL

Actual/360

4.586%

39,490.56

0.00

0.00

N/A

05/06/28

--

10,000,000.00

10,000,000.00

11/06/22

 

29

30314505

LO

Miami Beach

FL

Actual/360

4.616%

39,748.89

0.00

0.00

N/A

01/06/28

--

10,000,000.00

10,000,000.00

11/06/22

 

30

30314506

Various      Various

Various

Actual/360

4.554%

37,058.18

0.00

0.00

N/A

09/06/27

--

9,450,000.00

9,450,000.00

11/06/22

 

31

30314507

RT

Apple Valley

MN

Actual/360

4.550%

32,593.91

13,785.20

0.00

N/A

09/06/27

--

8,318,900.39

8,305,115.19

11/06/22

 

32

30314508

RT

Amherst

NY

Actual/360

4.697%

32,719.63

11,349.26

0.00

N/A

09/06/27

--

8,089,628.70

8,078,279.44

11/06/22

 

33

30314509

RT

Louisville

KY

Actual/360

5.368%

37,155.32

8,726.54

0.00

N/A

04/06/28

--

8,038,024.75

8,029,298.21

11/06/22

 

34

30314510

OF

Buffalo

NY

Actual/360

4.872%

31,973.18

11,406.96

0.00

N/A

04/01/28

--

7,621,130.65

7,609,723.69

11/01/22

 

35

30314511

RT

Gainesville

FL

Actual/360

4.414%

28,412.06

0.00

0.00

N/A

01/06/28

--

7,475,000.00

7,475,000.00

11/06/22

 

36

30314512

RT

Graham

WA

Actual/360

4.577%

28,259.16

0.00

0.00

N/A

04/01/28

--

7,170,000.00

7,170,000.00

11/01/22

 

37

30314513

RT

Mesa

AZ

Actual/360

4.940%

23,743.64

8,246.00

0.00

N/A

04/06/28

--

5,581,630.70

5,573,384.70

11/06/22

 

38

30314514

RT

White Lake

MI

Actual/360

5.020%

21,738.91

7,315.50

0.00

N/A

04/06/28

--

5,028,921.95

5,021,606.45

11/06/22

 

39

30314515

IN

Tampa

FL

Actual/360

4.521%

17,861.31

6,519.51

0.00

N/A

01/06/28

--

4,587,960.99

4,581,441.48

11/06/22

 

40

30314516

MF

Kalamazoo

MI

Actual/360

5.054%

17,841.32

5,924.26

0.00

N/A

04/06/28

--

4,099,516.82

4,093,592.56

11/06/22

 

41

30314517

MU

Cary

NC

Actual/360

4.680%

16,240.90

0.00

0.00

N/A

04/06/28

--

4,030,000.00

4,030,000.00

11/06/22

 

Totals

 

 

 

 

 

 

3,924,981.40

229,958.84

0.00

 

 

 

996,274,525.69

996,044,566.85

 

 

1 Property Type Codes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HC - Health Care

 

MU - Mixed Use

WH - Warehouse

 

MF - Multi-Family

 

 

 

 

 

 

 

 

 

SS - Self Storage

 

LO - Lodging

RT - Retail

 

SF - Single Family Rental

 

 

 

 

 

 

 

 

98 - Other

 

IN - Industrial

OF - Office

 

MH - Mobile Home Park

 

 

 

 

 

 

 

 

SE - Securities

 

CH - Cooperative Housing

ZZ - Missing Information/Undefined

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 14 of 27

 


 

                           

 

 

 

 

 

Mortgage Loan Detail (Part 2)

 

 

 

 

 

 

 

 

 

Most Recent                Most Recent        Appraisal

 

 

 

 

Cumulative

Current

 

 

 

Most Recent

Most Recent

NOI Start

    NOI End

  Reduction

Appraisal

Cumulative

Current P&I

Cumulative P&I

Servicer

NRA/WODRA

 

 

Pros ID

Fiscal NOI

NOI

Date

    Date

  Date

Reduction Amount

ASER</