WFRBS Commercial Mortgage Trust 2014‑C20 Reports Distribution Error on July 17, 2026

What Happened
WFRBS Commercial Mortgage Trust 2014‑C20 filed an 8‑K (Item 6.04) reporting a failure to make a required distribution due to an incorrect application of liquidation proceeds from the Sugar Creek I & II Mortgage Loan (Loan No. 4). Distributions were made on the July 17, 2026 distribution date, but the Master Servicer notified the Certificate Administrator on July 17 and again on July 21, 2026 that ASER recoveries and recoveries of prior special servicer fees should have been applied to principal proceeds. That correction changes allocations between classes and requires payment adjustments.

Key Details

• Distribution date originally made: July 17, 2026; notifications received July 17 and July 21, 2026.
• Affected loan: Sugar Creek I & II Mortgage Loan (Loan No. 4 per prospectus supplement filed May 13, 2014).
• Amounts to be corrected: Class B Certificateholders should receive an additional principal payment of $2,851,173.01.
• Overpayment identified: Class D Certificateholders were overpaid interest by $2,851,173.01.
• The filing states the payment adjustments are expected to be made on or prior to the next distribution date.

Why It Matters
This 8‑K notifies investors of a misallocation in trust distributions that will be corrected. Affected certificateholders (notably Class B and Class D) will see allocation changes: Class B will receive extra principal, and Class D’s excess interest will be remedied. The trust intends to make the adjustments by the next distribution date, so the issue is a timing/allocation error rather than a change in underlying collateral or trust structure. Investors should monitor upcoming distribution notices for confirmation of corrected payments.