WFCM 2022-C62 - Charts and Resources

Loan transferred to Special Servicing 9/13/23 due to Payment Default. Following the transfer of the Loan, the Special Servicer had initiated enforcement of its remedies, but the parties subsequently entered into a Loan Reinstatement Agreement on 12/2 9/23. Before the loan was returned to master servicing, a DSCR Trigger Event occurred and the loan remained in special servicing while cash management was established. The April 2025 cash management collection was insufficient to cover all amountsdue under the loan and the Borrower did not remit the resulting shortfall. The Borrower was subsequently sent a default notice, and the loan was accelerated. A transfer in title to the collateral property through deed in lieu of foreclosure is expected to be completed in the near term. In the event Borrower and Special Servicer are unable to consummate a deed-in-lieu, the Special Servicer shall move to enforce its remedies.

Loan transferred to Special Servicing 6/26/2025 due to Payment Default (excluding Ballon/Maturity Default).

Loan transferred to special servicing, effective 8/28/24. The Borrower and Special Servicer entered into a loan modification and forbearance agreement in May 2025, whereby a principal paydown was made from the existing holdback reserve, and a 12-month forbearance period was provided within which the Borrower must lease the entirety of the 4th or 11th floor. If Borrower fails to lease the space, a cash sweep period will commence, and Borrower must deposit all excess cash leaked as of the date of trigger. The Borrower shall trigger recourse if it fails to lease the required space and remit the leakage deposit or comply with cash management.The special servicer has recently discovered that the Borrower may have breached the loan agreement with respect to the execution of leases without Lender's consent. The special servicer is gathering additional information and will provide a recommendation to Lender in the near term.

Transferred 11/19/24 due to Monetary Default. Deed-in-Lieu agreement was completed in May 2025 with Borrower. SS has obtained Lender approval to sign a listing agreement with a broker and is actively marketing the property for sale.