COMM 2013-CCRE12 Mortgage Trust 8-K
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COMM 2013-CCRE12 Mortgage Trust Reports Distribution Adjustments
What Happened COMM 2013-CCRE12 Mortgage Trust filed an 8-K (Item 6.04) on April 2, 2026 reporting a misallocation of liquidation proceeds that affected distributions paid on February 12, 2026 and March 12, 2026. The Certificate Administrator made the February and March distributions as scheduled, but on March 30, 2026 the Master Servicer notified the administrator of a reallocation between principal and interest applied to the February distribution. That reallocation led to both additional principal and several interest overpayments across certificate classes. The filing states the payment adjustments are expected to be made on or prior to the next distribution date.
Key Details
- February 12, 2026 distribution reallocation notified March 30, 2026 by the Master Servicer.
- Impact to February distribution:
- Class A‑M: additional principal payment of $4,688,541.72.
- Class C: interest overpayment of $1,240,984.97.
- Class D: interest overpayment of $3,447,556.81.
- Impact to March 12, 2026 distribution:
- Class B: additional interest payment of $18,437.37.
- Class A‑M: interest overpayment of $16,800.60.
- Class X‑A: interest overpayment of $1,636.76.
- The filing indicates the described payment adjustments will be made on or prior to the next distribution date.
Why It Matters This filing signals that some certificate classes received incorrect principal or interest amounts in recent distributions, affecting the cash investor payments for those classes until corrected. The trust expects to reverse or correct the misallocations by the next distribution date, so affected holders should monitor upcoming distributions and servicer communications for the exact timing and mechanics of the adjustments.
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