🟢 At a Glance
The latest 10-D/A amendment for Wells Fargo Commercial Mortgage Trust 2022-C62 just exposed a rare CMBS twist: a $1.18 million overpayment to Class A-2 bondholders in March, now being clawed back. As a result, April and May distributions were underpaid for multiple tranches. The fix? Ask nicely for the money back… and hope nobody spends it.
🧾 Quick Recap: What Happened?
- Trust Name: Wells Fargo Commercial Mortgage Trust 2022-C62
- Report Type: 10-D/A (Amendment to April 2025 distribution filing)
- Period Covered: March 18, 2025 to April 17, 2025
- Filed: June 2, 2025
The amendment revises Exhibit 99.1 to correct payment information due to a misreported unscheduled principal repayment.
💥 What Went Wrong
- The trust received $3.68M in unscheduled principal repayment from Midtown Central Square Loan (#3) in March.
- Turns out, only $2.5M should’ve been distributed.
- That means a $1,184,682.74 overpayment was made to Class A-2 bondholders in March.
👎 Oops.
🔁 Clawback Fallout: April & May Interest Disruption
Due to the March mispayment, the trust underpaid interest in:
| Distribution Month | Underpaid Amount | Affected Classes |
|---|---|---|
| April 2025 | $4,903.76 | A-2, A-S, B, C, G-RR, H-RR, X-A, X-D, X-F |
| May 2025 | $4,745.59 | Same as above |
A small number, but significant in a CMBS where tranches live on knife-thin waterfalls.
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