Moody's net cash flow (NCF) reflects a weighted average haircut of 27% to the most recently available net operating income (NOI). Moody's value reflects a weighted average capitalization rate of 9.8%. Moody's actual and stressed conduit DSCRs are 1.43X and 1.17X, respectively, compared to 1.52X and 1.22X at the last review. Moody's actual DSCR is based on Moody's NCF and the loan's actual debt service. Moody's stressed DSCR is based on Moody's NCF and a 9.25% stress rate the agency applied to the loan balance. The loan with a structured credit assessment is the Silver Sands Factory Stores Loan ($100 million -- 10.6% of the pool), which is secured by a 442,000 square foot retail outlet center located in Miramar, Florida. The center is currently known as "Silver Sands Premium Outlets". As of June 2020, the property was 90% leased, compared to 89% as of December 2018.