other_material
confidence high
sentiment negative
materiality 0.55
BANK 2017-BNK6 distribution error: overpayment to Class G interest of $1.13M to be recovered
BANK 2017-BNK6
- Master Servicer misapplied Trumbull Marriott liquidation proceeds, reallocating from June to July distribution.
- Overpayments: Class A-SB principal $42,065.88; Class E interest $5,701.17; Class F interest $207,042.99; Class G interest $1,134,128.09; RR Interest $73,102.01 total.
- Certificate Administrator will claim overpaid amounts from impacted holders; expected collection by next distribution date.
- The error resulted in a temporary overpayment to holders of Class A-SB, E, F, G, and RR Interest certificates.
item 6.04