8-KFiled Aug 23, 8:00 PM ET

WFRBS Commercial Mortgage Trust 2013‑C14 Reports Distribution Overpayment

WFRBS Commercial Mortgage Trust 2013-C14

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WFRBS Commercial Mortgage Trust 2013‑C14 Reports Distribution Overpayment

What Happened
The trust filed an 8-K (Aug 24, 2026) reporting that distributions were made to certificateholders on the August 17, 2026 distribution date, but on August 18 the Master Servicer notified the Certificate Administrator of a reduction to the curtailment payment on the White Marsh Mall Mortgage Loan (Loan No. 4). That reduction caused an overpayment of principal of $2,387,226.57 to the Class A‑S Certificateholders and $42,571.29 to the Class B Certificateholders. The Certificate Administrator has filed a claim for the overpayment and expects to receive the amount on or before the next distribution date.

Key Details

  • Date of initial distribution: August 17, 2026; notification of curtailment reduction: August 18, 2026; 8-K filed August 24, 2026.
  • Overpaid principal totals $2,429,797.86 (Class A‑S: $2,387,226.57; Class B: $42,571.29).
  • A claim for recovery has been made by the Certificate Administrator; funds are expected to be received on or prior to the next distribution date.
  • Affected loan: White Marsh Mall Mortgage Loan (Loan Number 4 on Annex A‑1 of the prospectus supplement).

Why It Matters
This is an accounting/payment correction: certificateholders received more principal than they should have due to a post-distribution adjustment to a loan curtailment. The trust has taken steps to recover the overpaid amounts, and the outcome will affect upcoming distribution statements and principal balances. Retail investors should watch the next distribution report for confirmation of recovery and any related adjustments to their holdings.