- Current pool balance
- $898.6M (September 2026)
- Original pool balance
- $1.11B
- Loans at issuance
- 40
- Closing date
- 2020-09-01
- Weighted average coupon at issuance
- 3.59%
- Weighted average LTV at issuance
- 30.3%
- 30+ delinquent (latest)
- 2.65%
- Realized stress score
- 73.1
- Net rating change since issuance
- +0.04 notches
Tranches
| Class | Original balance | Credit support (computed) | Coupon | CUSIP | Fitch | KBRA | S&P | Moody's | DBRS |
|---|---|---|---|---|---|---|---|---|---|
| A-1 | $13.2M | 98.75% | 0.628% fixed | 08162WAY2 | PIF | WR | NR | not yet reported | not yet reported |
| A-2 | $135.1M | 85.95% | 1.691% fixed | 08162WAZ9 | AAA | AAA | AAA (sf) | not yet reported | not yet reported |
| A-3 | $104.5M | 76.04% | 1.787% fixed | 08162WBA3 | AAA | AAA | AAA (sf) | not yet reported | not yet reported |
| A-4 | $115.0M | 65.14% | 1.546% fixed | 08162WBB1 | AAA | AAA | AAA (sf) | not yet reported | not yet reported |
| A-5 | $354.1M | 31.58% | 1.850% fixed | 08162WBC9 | AAA | AAA | AAA (sf) | not yet reported | not yet reported |
| A-AB | $16.7M | 30.00% | 1.745% fixed | 08162WBD7 | AAA | AAA | AAA (sf) | not yet reported | not yet reported |
| A-S | $112.1M | 19.38% | 2.148% fixed | 08162WBE5 | AAA | AAA | AA (sf) | not yet reported | not yet reported |
| B | $51.4M | 14.50% | 2.351% fixed | 08162WBG0 | AA- | AA- | NR | not yet reported | not yet reported |
| C | $43.5M | 10.38% | 3.211% floating (WAC) | 08162WBH8 | A- | A- | NR | not yet reported | not yet reported |
| D | $27.7M | 7.75% | 2.000% fixed | 08162WBJ4 | BBB | BBB | NRprelim | not yet reported | not yet reported |
| E | $18.5M | 6.00% | 2.000% fixed | 08162WAA4 | BBB- | BBB- | NRprelim | not yet reported | not yet reported |
| F | $18.5M | 4.25% | 2.000% fixed | 08162WAC0 | B | B | NRprelim | not yet reported | not yet reported |
| G | $10.6M | 3.25% | 2.000% fixed | 08162WAE6 | CCC | CCC | NR | not yet reported | not yet reported |
| H | $34.3M | 0.00% | 2.000% fixed | 08162WAG1 | not yet reported | not yet reported | NR | not yet reported | not yet reported |
| R | not yet reported | not yet reported | not yet reported | 08162WAW6 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| S | not yet reported | not yet reported | not yet reported | 08162WBM7 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| X-A | $850.7M | Interest only | 1.779% floating | 08162WBF2 | AAA | AAA | AA (sf) | not yet reported | not yet reported |
| X-B | $95.0M | Interest only | 0.828% floating | 08162WAJ5 | A- | AAA | NRprelim | not yet reported | not yet reported |
| X-D | $46.2M | Interest only | 1.573% floating | 08162WAL0 | BBB- | BBB- | NRprelim | not yet reported | not yet reported |
| X-F | $18.5M | Interest only | 1.573% floating | 08162WAN6 | B | B | NR | not yet reported | not yet reported |
| X-G | $10.6M | Interest only | 1.573% floating | 08162WAQ9 | CCC | CCC | NR | not yet reported | not yet reported |
| X-H | $34.3M | Interest only | 1.573% floating | 08162WAS5 | not yet reported | not yet reported | NRprelim | not yet reported | not yet reported |
Credit support is computed from the class stack order in the prospectus: the share of the deal's principal balance in classes junior to the class. Interest-only classes carry a notional balance and no principal support figure. Ratings are the latest held in the dataset for each class and agency; NR means the agency shows the class as not rated, WR that the rating was withdrawn, PIF that the class has been paid in full. Any other status value is shown exactly as the agency reports it. A + after a CUSIP marks a class with companion CUSIPs in the dataset.
Pool at issuance
| Loans | 40 |
| Original loan balance | $1.11B |
| Weighted average coupon | 3.59% |
| Weighted average LTV | 30.3% |
| Median loan LTV | 52.5% |
| Full-term interest only (share of balance) | 79.7% |
| Balloon loans (share of balance) | 100.0% |
| Largest loan (share of balance) | 7.7% |
| Five largest loans (share of balance) | 35.1% |
| Occupancy at issuance (weighted average) | 94.1% |
Realized outcomes
| Months reported | 73 |
| Peak 30+ delinquency | 9.07% (March 2024) |
| Ever severe (share of original balance) | 4.48% |
| Ever modified (share of original balance) | 9.36% |
| Past scheduled maturity (share of original balance) | 3.35% |
| Non-performing matured (share of original balance) | 40.26% |
| Maximum servicer advances (share of balance) | 0.25% |
| Median DSCR, first year | 2.22 |
| Median DSCR, latest | 2.17 |
| Realized stress score | 73.1 |
Property types
| Property type | Original balance | Share of pool |
|---|---|---|
| Office | $593.1M | 53.4% |
| Lodging | $98.0M | 8.8% |
| Warehouse | $80.0M | 7.2% |
| Retail | $36.4M | 3.3% |
| Multifamily | $26.2M | 2.4% |
| Industrial | $25.4M | 2.3% |
| SE | $23.5M | 2.1% |
| Self storage | $23.2M | 2.1% |
| Mixed use | $10.0M | 0.9% |
Property type is reported for 82.4% of the pool balance; shares are of the full pool.
Largest loans
| Property | Location | Original balance | Share of pool | Coupon | Originated |
|---|---|---|---|---|---|
| Coleman Highline | San Jose, CA | $85.0M | 7.7% | 2.80% | 2020 |
| ["Bridgewater Center 1", "401 E Laraway Rd", "Rochelle 1", "350A Salem Church Rd", "Romeoville Bldg 1", "251 E Laraway Rd", "7940 Kentucky", "Mountain Top Distribution Center 2", "Enterprise Parkway", "Cavalier I", "1910 International", "Glen Dale", "Romeoville Bldg 2", "Enterprise Distribution Center 1", "2270 Woodale", "2950 Lexington Ave South", "Rivers Bend Center 1B", "DFW Logistics Center (Bldg 4)", "Rivers Bend Center 1C", "Territorial", "Diamond Hill 2", "Rivers Bend Center 2A", "Rivers Bend Center 1A", "Diamond Hill 3", "Whippany Business Center 1", "The Colony Land", "Shawnee Distribution Center 1", "Rivers Bend Center 2B", "7930 Kentucky", "Dues Dr Distribution Center 1", "Gibraltar", "Diamond Hill 1", "DFW Logistics Center (Bldg 3)", "Elk Grove Distribution Center 1", "1000 Lucas Way", "Lakeview", "DFW Logistics Center (Bldg 5)", "9756 International", "350B Salem Church Rd", "6105 Trenton Ln", "300 Salem Church Rd", "Tower", "1940 Fernbrook Ln", "Production Distribution Center 1", "Culpeper", "Fairfield Distribution Center 1", "Cavalier II", "World Park II", "Diamond Hill 4", "2290-2298 Woodale", "514 Butler Rd", "Northridge II", "2222 Woodale", "Northridge I", "Romeoville Distribution Center 1", "1825 Airport Exchange", "7453 Empire - Bldg C", "Rivers Bend Center 1D", "Heathrow", "2240-2250 Woodale", "273 Industrial Way", "7453 Empire - Bldg B", "7453 Empire - Bldg A", "Rivers Bend Center - Land", "Production Distribution Center 1B", "Bridgewater Center 2", "Laraway Land 1", "Laraway Land 2"] | not yet reported | $85.0M | 7.7% | 3.55% | 2020 |
| ["12900 Pecan Park Road", "6925 Riverview Avenue"] | ["Jacksonville", "Kansas City"], ["FL", "KS"] | $80.0M | 7.2% | 3.25% | 2020 |
| ["MGM Grand", "Mandalay Bay"] | ["Las Vegas", "Las Vegas"], ["NV", "NV"] | $80.0M | 7.2% | 3.56% | 2020 |
| ["Sarasota Distribution Hub", "Naperville Woods Office Center", "Southpark Business Park FOP", "Supervalu", "Plainfield Business Center IV", "Beltway III", "4405 Continental Dr", "Beltway IV", "Sandy Plains Business Park", "Coliseum Distribution Center #1", "Silber Industrial Park", "Southpark Business Park M", "West by Northwest Business Blv", "Norcross Center", "Goshen Springs", "Long Point Center", "Corridor Park D", "Southport 1-4", "Jameel", "Beltway II", "Braker Center 4", "Northgreen 1-4", "Minimax", "Southpark Business Park E", "9385 Washington Blvd", "Rothway", "2730 Pinnacle", "Columbus West - Interchange Rd", "1346 Oakbrook Drive", "1230 - 1236 Hardt Circle", "Pine Forest Business Park", "Rittiman East Industrial Park #23 & 24", "1351 Oakbrook Drive", "1325 Oakbrook Drive", "490 Heartland Drive", "1265 Oakbrook Drive", "Columbus West - Business Park", "1155 Bowes Road", "1280 Oakbrook Drive", "Cox Business Center", "2002 Bloomingdale", "333 Charles Court", "483 Heartland Drive", "1256 Oakbrook Drive", "550 Heartland", "Rittiman East Industrial Park #22"] | not yet reported | $60.0M | 5.4% | 4.63% | 2020 |
Delinquency and stress indicator
▬ 30+ days delinquent · ▬ Distressed (90+, foreclosure, REO, non-performing matured)
Monthly shares of the deal's reported balance, from the deal indicator series in the dataset. Months in which fewer than half of the reported loans carry a delinquency status code are not plotted.
Ratings
| Classes with a CUSIP | 22 of 22 |
| Classes with a current rating in the dataset | 20 of 22 |
| Net rating change since issuance | +0.04 notches (balance-weighted) |
| Delinquency threshold crossed | August 2025 |
| First downgrade | August 2024 |
Sources: SEC Form ABS-EE asset-level reports, Form 10-D distribution reports and the deal prospectus; rating histories published under SEC Rule 17g-7(b) and agency releases. Definitions are in the methods note on the market page.