other material
confidence high
sentiment negative
materiality 0.40
Bank 2020-BNK30 overpaid ~$790K interest due to servicing error on McDonald's loan
BANK 2020-BNK30
- Overpayment of interest to Classes E, F, G, H, MCD-D/E/F/G, RR, McRR, and MCD-X totaling $789,839.
- Master Servicer error on McDonald's Global HQ Trust Subordinate Companion Loan caused incorrect expense application.
- Certificate Administrator has claimed overpaid amounts; expected recovery by next distribution date.