EX-99.5

EX-99.5 4 d431191dex995.htm EX-99.5 EX-99.5

Exhibit 99.5

LOGO

Annual Statement as to Compliance

For the Year Ended December 31, 2016

United States Department of Education

College and University Facility Loan Trust Two

Pursuant to Section 206 of the Servicing Agreement governing the referenced transaction, I hereby attest that:

(i)

A review of the activities and performance of Berkadia as Special Servicer during the period under this Servicing Agreement, has been made under my supervision, and, to the best of my knowledge, based on such review, Berkadia as Special Servicer, has fulfilled in all material respects, all of its duties, responsibilities, or obligations under this Servicing Agreement throughout the period.

(ii)	I confirm that Berkadia Special Servicer is in compliance with the requirements of Section 2.02 hereof.

Berkadia,

LOGO

Mark E. McCool

President

February 20, 2017

Inv. 003 Lib. G

LOGO

Annual Statement as to Compliance

For the Year Ended December 31, 2016

United States Department of Education

College and University Facility Loan Trust Two

Pursuant to Section 206 of the Servicing Agreement governing the referenced transaction, I hereby attest that:

As an officer signing this certificate I have reviewed the activities and performance of Berkadia Commercial Mortgage as Master Servicer during the preceding fiscal year under the Servicing Agreement and, to the best of such officer’s knowledge, the Servicer has fulfilled all of the duties, responsibilities under this servicing agreement throughout such year.

ii.

I confirm that Berkadia as Master Servicer is in compliance with the requirements of Section 202.

Berkadia,

LOGO

Mark E. McCool

President

February 20, 2017

Inv. 3 Lib. G

Report on Compliance with

Minimum Servicing Standards

Berkadia Commercial Mortgage LLC

Master Servicing Platform

December 31, 2016

Management’s Assertion Concerning Compliance

with Minimum Master Servicing Standards

February 15, 2017

We, as members of management of Berkadia Commercial Mortgage LLC (“Berkadia” or the “Company”), are responsible for complying with the servicing standards identified in the attached Exhibit I (the “Specified Minimum Servicing Standards”), as set forth in the Mortgage Bankers Association of America’s Uniform Single Attestation Program for Mortgage Bankers (“USAP”). We also are responsible for establishing and maintaining effective internal control over compliance with these Specified Minimum Servicing Standards. We have performed an evaluation of the Company’s compliance with the Specified Minimum Servicing Standards with respect to the Company’s master servicing of mortgage loans for the period January 1, 2016 through December 31, 2016. Based on this evaluation, we assert that during the year ended December 31, 2016, Berkadia complied, in all material respects, with the Specified Minimum Servicing Standards.

The Company had in effect fidelity bond or crime insurance in the aggregate amount of S100,000,000 from January 1, 2016 through December 31, 2016, and an errors and omissions policy in the amount of $100,000,000 from January 1, 2016 through December 31, 2016.

LOGO

Mark E. McCool

Executive Vice President

Berkadia Commercial Mortgage LLC

LOGO

Exhibit I

Berkadia Commercial Mortgage LLC

Specified Minimum Servicing Standards

I.	CUSTODIAL BANK ACCOUNTS

Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall:

•

Be mathematically accurate;

•

Be prepared within thirty (30) calendar days after the cutoff date;

•

Be reviewed and approved by someone other than the person who prepared the reconciliation; and

•

Document explanations for reconciling items. These reconciling items shall be resolved within ninety (90) calendar days of identification.

Funds of the servicing entity shall be advanced as specified in the servicing agreement in cases where there is an overdraft in an investor’s or a mortgagor’s account.

All cash for each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor or in an investment account in accordance with the applicable servicing agreement requirements.

Escrow funds held in trust for a mortgagor shall be returned to the mortgagor within thirty (30) calendar days of payoff of the mortgage loan.

II.

MORTGAGE PAYMENTS

Mortgage payments which are properly identified with the Company’s account number and which agree to the total amount of the scheduled payment due shall be deposited into the clearing bank accounts and related custodial bank accounts within two business days of receipt. Any mortgage payments which do not meet these parameters will be researched and deposited into the appropriate bank accounts within five business days of receipt.

Mortgage payments made in accordance with the mortgagor’s loan documents shall be posted to the applicable mortgagor records within two business days of receipt.

III.

DISBURSEMENTS

Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel.

Amounts remitted to investors per the servicer’s investor reports shall agree with cancelled checks, or other form of payment, or custodial bank statements.

LOGO

Exhibit I

IV.

INVESTOR ACCOUNTING AND REPORTING

The servicing entity’s investor reports shall agree with, or reconcile to, investors records on a monthly basis as to the total unpaid principle balance and number of loans serviced by the servicing entity.

V.	INSURANCE POLICIES

A fidelity bond and errors and omissions policy shall be in effect on the servicing entity in the amount of coverage represented to investors in management’s assertion.

LOGO

Report on Compliance with

Minimum Servicing Standards

Berkadia Commercial Mortgage LLC

Special Servicing Platform

December 31, 2016

LOGO

Management’s Assertion Concerning Compliance

with Minimum Special Servicing Standards

February 15, 2017

We, as members of management of Berkadia Commercial Mortgage LLC (“Berkadia” or the “Company”), are responsible for complying with the servicing standards identified in the attached Exhibit I (the “Specified Minimum Servicing Standards”), as set forth in the Mortgage Bankers Association of America’s Uniform Single Attestation Program for Mortgage Bankers (“USAP”). We also are responsible for establishing and maintaining effective internal control over compliance with these Specified Minimum Servicing Standards. We have performed an evaluation of the Company’s compliance with the Specified Minimum Servicing Standards with respect to the Company’s special servicing of mortgage loans for the period January 1, 2016 through December 31, 2016. Based on this evaluation, we assert that during the year ended December 31, 2016, Berkadia complied, in all material respects, with the Specified Minimum Servicing Standards.

The Company had in effect fidelity bond or crime insurance in the aggregate amount of $100,000,000 from January 1, 2016 through December 31, 2016, and an errors and omissions policy in the amount of $100,000,000 from January 1, 2016 through December 31, 2016.

LOGO

Mark E. McCool

Executive Vice President

Berkadia Commercial Mortgage LLC

LOGO

Exhibit I

Berkadia Commercial Mortgage LLC

Specified Minimum Servicing Standards

I.	RECORD KEEPING

Records documenting the status of the loan shall be maintained during the period the loan is assigned to the special servicer, Such records shall describe the entity’s activities in monitoring the current status of the loan and are updated to reflect a change in status to be communicated to the investor. ⁽¹⁾

II.

INSURANCE

A fidelity bond and errors and omission policy shall be in effect on the servicing entity in the amount of coverage represented to investors.

⁽¹⁾	The Company did not have any active special serviced loans and therefore, did not perform any special servicing activities for the 12-month period ended December 31, 2016.

LOGO

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of December 01, 2016 through December 31, 2016


Collections:

Principal Payments	233,351.14
Interest Payments	35,060.27


Total Principal and Interest Collections	268,411.41


Payments and Reversals Posted to Suspense	0.04


Total Collections	268,411.45


Less: Servicing Fees (not withheld from remittances)	(876.00	)


Net Collections	267,535.45

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of December 01, 2016 through December 31, 2016


Date Due	Loan Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees

12012016	30101601	AUBURN UNIVER		135,000.00		6,150.00		141,150.00		410,000.00		153.75
12012016	30119903	MISSISSIPPI S		85,000.00		6,750.00		91,750.00		450,000.00		168.75
12012016	30127402	ST MARY’S COL		12,000.00		1,440.00		13,440.00		96,000.00		36.00
12012016	30137901	VINCENNES UNI		—		20,700.00		20,700.00		1,380,000.00		517.50
												—
												—
												—
												—
												—
												—
												—
												—
												—

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of December 01, 2016 through December 31, 2016

Loan Number

Payoff
Date

Total Amount
Paid

Principal
Amount

Interest
Amount

Other Fees

Maturity
Date

30114802

12/30/2016

1,371.41

1,351.14

20.27

1012017

TOTALS:

1,371.41

1,351.14

20.27

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of December 01, 2016 through December 31, 2016

Loan Number

Date

Total
Amount Paid

Principal
Amount

Interest
Amount

none to report

TOTAL:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of December 31, 2016


Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date

30101601	Auburn University		3		275,000.00		12012018
30104201	California State University Housing Bond		3		488,000.00		11012019
30106904	College of Santa Fe		3		61,000.00		10012018
30110101	Elizabeth City State University		3		25,000.00		10012017
30110802	Fairleigh Dickinson Univ		3		120,000.00		11012017
30112301	Georgetown University		3		675,000.00		11012020
30112302	Georgetown University		4		1,810,000.00		11012020
30116201	Lassen Junior College		3		104,000.00		4012020
30117502	Lynchburg College		3		75,000.00		5012018
30119801	Millsaps College		3		164,000.00		11012021
30119903	Mississippi State University		3		365,000.00		12012020
30123701	University of the Arts		3		744,337.78		1012022
30125506	Rider College		3		27,000.00		5012017
30127402	St Mary’s School		3		84,000.00		6012020
30133201	Univ Student Coop Housing		3		295,000.00		4012019
30136801	University of St Thomas		3		124,000.00		10012019
30137802	Villanova University		3		220,000.00		4012019
30137901	Vincennes University		3		1,380,000.00		6012023
30140503	Wittenberg University		3		16,000.00		11012017

	TOTALS:				7,052,337.78

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of December 31, 2016

Loan Number

Borrower Name

Next
Payment
Due

P and I Due

TOTAL:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of December 31, 2016

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of January 01, 2017 through January 31, 2017


Collections:

Principal Payments	62,743.13
Interest Payments	11,165.07


Total Principal and Interest Collections	73,908.20


Payments and Reversals Posted to Suspense	(0.04	)


Total Collections	73,908.16


Less: Servicing Fees (not withheld from remittances)	(279.64	)


Net Collections	73,628.52

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of January 01, 2017 through January 31, 2017


Date Due	Loan Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees

01012017	30114802	INTER AMERICA		1,351.14		20.27		1,371.41		1,351.14		0.51
01012017	30123701	PHILADELPHIA		62,743.13		11,165.07		73,908.20		744,337.78		279.13
01012017	30129101	SIMPSON COLLE		—		360.00		360.00		—		—
												—
												—
												—
												—
												—
												—
												—
												—
												—
												—

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of January 01, 2017 through January 31, 2017

Loan Number

Payoff
Date

Total Amount
Paid

Principal
Amount

Interest
Amount

Other Fees

Maturity
Date

none to report

TOTALS:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of January 01, 2017 through January 31, 2017

Loan Number

Date

Total
Amount Paid

Principal
Amount

Interest
Amount

none to report

TOTAL:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of January 31, 2017


Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date

30101601	Auburn University		3		275,000.00		12012018
30104201	California State University Housing Bond		3		488,000.00		11012019
30106904	College of Santa Fe		3		61,000.00		10012018
30110101	Elizabeth City State University		3		25,000.00		10012017
30110802	Fairleigh Dickinson Univ		3		120,000.00		11012017
30112301	Georgetown University		3		675,000.00		11012020
30112302	Georgetown University		4		1,810,000.00		11012020
30116201	Lassen Junior College		3		104,000.00		4012020
30117502	Lynchburg College		3		75,000.00		5012018
30119801	Millsaps College		3		164,000.00		11012021
30119903	Mississippi State University		3		365,000.00		12012020
30123701	University of the Arts		3		681,594.65		1012022
30125506	Rider College		3		27,000.00		5012017
30127402	St Mary’s School		3		84,000.00		6012020
30133201	Univ Student Coop Housing		3		295,000.00		4012019
30136801	University of St Thomas		3		124,000.00		10012019
30137802	Villanova University		3		220,000.00		4012019
30137901	Vincennes University		3		1,380,000.00		6012023
30140503	Wittenberg University		3		16,000.00		11012017

	TOTALS:				6,989,594.65

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of January 31, 2017


Loan Number	Borrower Name	Next Payment Due	P and I Due
TOTAL:				—

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of January 31, 2017

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of February 01, 2017 through February 28, 2017


Collections:

Principal Payments			—

Interest Payments			—


Total Principal and Interest Collections			—


Payments and Reversals Posted to Suspense			—


Total Collections			—


Less: Servicing Fees (not withheld from remittances)			—


Net Collections			—

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of February 01, 2017 through February 28, 2017

Date Due

Loan Number

Borrower Name

Principal Due

Interest Due

Total Due

Principal Balance

Service Fees

none to report

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of February 01, 2017 through February 28, 2017

Loan Number

Payoff
Date

Total Amount
Paid

Principal
Amount

Interest
Amount

Other
Fees

Maturity
Date

none to report

TOTALS:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of February 01, 2017 through February 28, 2017

Loan Number

Date

Total
Amount Paid

Principal
Amount

Interest
Amount

none to report

TOTAL:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of February 28, 2017


Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date

30101601	Auburn University		3		275,000.00		12012018
30104201	California State University Housing Bond		3		488,000.00		11012019
30106904	College of Santa Fe		3		61,000.00		10012018
30110101	Elizabeth City State University		3		25,000.00		10012017
30110802	Fairleigh Dickinson Univ		3		120,000.00		11012017
30112301	Georgetown University		3		675,000.00		11012020
30112302	Georgetown University		4		1,810,000.00		11012020
30116201	Lassen Junior College		3		104,000.00		4012020
30117502	Lynchburg College		3		75,000.00		5012018
30119801	Millsaps College		3		164,000.00		11012021
30119903	Mississippi State University		3		365,000.00		12012020
30123701	University of the Arts		3		681,594.65		1012022
30125506	Rider College		3		27,000.00		5012017
30127402	St Mary’s School		3		84,000.00		6012020
30133201	Univ Student Coop Housing		3		295,000.00		4012019
30136801	University of St Thomas		3		124,000.00		10012019
30137802	Villanova University		3		220,000.00		4012019
30137901	Vincennes University		3		1,380,000.00		6012023
30140503	Wittenberg University		3		16,000.00		11012017

	TOTALS:				6,989,594.65

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of February 28, 2017

Loan Number

Borrower
Name

Next
Payment
Due

P and I Due

TOTAL:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of February 28, 2017

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II


Remittance Report for December 2016														DTL

Date Received	Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid		Suspense		Total Paid		Net System Credits		Total Bank Credits		Wires		ACH Debits and Other Wires

20161201		12012016		30101601	Auburn University		135,000.00		6,150.00		141,150.00		410,000.00		135,000.00		6,150.00		—		141,150.00
20161201		12012016		30119903	Mississippi State University		85,000.00		6,750.00		91,750.00		450,000.00		85,000.00		6,750.00		—		91,750.00
20161201		12012016		30137901	Vincennes University		—		20,700.00		20,700.00		1,380,000.00		—		20,700.00		—		20,700.00
																					—

System Credits 12/1																							253,600.00

System Debits 12/1																							—

Bank Credit 12/1

Bank Debit 12/1

Bank Debit 12/1

Trustee Wire 12/1


20161212		12012016		30127402	St Mary’s School		12,000.00		1,440.00		13,440.00		96,000.00		12,000.00		1,440.00		—		13,440.00
																					—
																					—

System Credits 12/12																							13,440.00

System Debits 12/12																							—

Bank Credit 12/2																									253,600.00

Bank Debit 12/2 (service fees)																													364.51

Bank Debit 12/2

Trustee Wire 12/2																											253,235.49


20161230		1012017		30114802	Inter-American Univ. of Puerto Rico										1,351.14		20.27		—		1,371.41
20161230		0		30114802	Inter-American Univ. of Puerto Rico										—		—		0.04		0.04
																					—
																					—

System Credits 12/30																							1,371.45

System Debits 12/30																							—

Bank Credit 12/13																									13,440.00

Bank Debit 12/13 (service fees)																													1,626.77

Bank Debit 12/13

Trustee Wire 12/13																											11,813.23

TOTALS:

232,000.00

35,040.00

267,040.00

##########

233,351.14

35,060.27

0.04

268,411.45

267,040.00

265,048.72

1,991.28

Loans Due in Current Period and Paid in Prior Period:

TOTALS:

—

Loans Due in Current Period Not Yet Paid:

TOTALS:

—

GRAND TOTAL:

232,000.00

35,040.00

267,040.00

##########

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

December-16


Total System Credits @ 12/31		268,411.45


Total Bank Credits @ 12/31		267,040.00


	in transit wire
	in transit credit

	payment reversal
	payment reversal
	payment reversal

	Service Fee refund due Trust

	Direct to Lender payments

	overdraft funding
	overdraft funding

12/30/2017	in transit	1,371.45
		268,411.45


Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

December-16


Total Bank Credits @ 12/31		267,040.00


Total Debits to Trustee @ 12/31		265,048.72


12/2/2016	Service Fees	364.51
12/13/2016	Service Fees	1,626.77
	Inspection Fees

	Trust Expense

	payment reversal
	payment reversal
	payment reversal
	payment reversal
	payment reversal
	overdraft funding repay
	overdraft funding repay

Adjusted Debits to Trustee		267,040.00


		—

Berkadia Commercial Mortgage

College and University Loan Trust II


Remittance Report for January 2017														DTL

Date Received	Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid		Suspense			Total Paid			Net System Credits			Total Bank Credits		Wires		ACH Debits and Other Wires

20170103		1012017		30123701	University of the Arts		62,743.13		11,165.07		73,908.20		744,337.78		62,743.13		11,165.07		—			73,908.20
																						—
																						—
																						—

System Credits 1/3																									73,908.20

System Debits 1/3																									—

Bank Credit 1/3																												1,371.45

Bank Debit 1/3

Bank Debit 1/3

Trustee Wire 1/3																														1,371.45

20170106		0		30114802	Inter-American Univ. of Puerto Rico		1,351.14		20.27		1,371.41		1,351.14		—		—		(0.04	)		(0.04	)
																						—
																						—

System Credits 1/6																									—

System Debits 1/6																									(0.04	)

Bank Credit 1/4																												73,908.20

Bank Debit 1/4

Bank Debit 1/4

Trustee Wire 1/4																														73,908.20

																						—
																						—
																						—
																						—

System Credits 1/9																									—

System Debits 1/9																									—

Bank Credit 1/9 (overdraft funding)																												0.04

Bank Credit 1/9 (duplicate overdraft funding)																												0.04

Bank Debit 1/9 (payment reversal)																																0.04

Bank Debit 1/10 (repayment of duplicate overdraft funding)																																0.04

Trustee Wire 1/9

					TOTALS:		64,094.27		11,185.34		75,279.61		745,688.92		62,743.13		11,165.07		(0.04	)		73,908.16			73,908.16			75,279.73		75,279.65		0.08


Loans Due in Current Period and Paid in Prior Period:

					TOTALS:		—		—		—		—


Loans Due in Current Period Not Yet Paid:

1012017				30129101	SIMPSON COLLE		—		360.00		360.00		—

					TOTALS:		—		360.00		360.00		—


					GRAND TOTAL:		64,094.27		11,545.34		75,639.61		745,688.92

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

January-17


Total System Credits @ 01/31		73,908.16

Total Bank Credits @ 01/31		75,279.73


12/30/2017	in transit wire	(1,371.45	)
	in transit credit
1/9/2017	payment reversal	(0.04	)
	payment reversal
	payment reversal
	Service Fee refund due Trust
	Direct to Lender payments
1/9/2017	overdraft funding	(0.04	)
1/9/2017	duplicate overdraft funding	(0.04	)
	in transit
		73,908.16


Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

January-17


Total Bank Credits @ 01/31		75,279.73

Total Debits to Trustee @ 01/31		75,279.65


	Service Fees
	Service Fees
	Inspection Fees
	Trust Expense
1/9/2017	payment reversal	0.04

	payment reversal
	payment reversal
	payment reversal
	payment reversal

1/10/2017	repayment of duplicate overdraft funding	0.04
	overdraft funding repay

Adjusted Debits to Trustee		75,279.73

		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for February 2017

DTL

Date Received

Date
Due

Loan
Number

Borrower Name

Principal
Due

Interest
Due

Total
Due

Principal
Balance

Principal
Paid

Interest
Paid

Suspense

Total
Paid

Net
System
Credits

Total
Bank
Credits

Wires

ACH
Debits
and
Other
Wires

none to report

—

System Credits 2/1

—

System Debits 2/1

—

Bank Credit 2/1

Bank Debit 2/1

Trustee Wire 2/1

TOTALS:

—

Loans Due in Current Period and Paid in Prior Period:

NONE

TOTALS:

—

Loans Due in Current Period Not Yet Paid:

NONE

TOTALS:

—

GRAND TOTAL:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

February-17


Total System Credits @ 02/28			-


Total Bank Credits @ 02/28			-


in transit wire
in transit credit

payment reversal
payment reversal
payment reversal
Service Fee refund due Trust

Direct to Lender payments

overdraft funding
duplicate overdraft funding

in transit
			—


Adjusted Bank Credits:			—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

February-17


Total Bank Credits @ 02/28			—

Total Debits to Trustee @ 02/28			—


Service Fees
Service Fees
Inspection Fees
Trust Expense
payment reversal
payment reversal
payment reversal
payment reversal
payment reversal
repayment of duplicate overdraft funding overdraft funding repay
			—

Adjusted Debits to Trustee			—

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of March 01, 2017 through March 31, 2017


Collections:
Principal Payments			—
Interest Payments			—

Total Principal and Interest Collections			—

Payments and Reversals Posted to Suspense			—

Total Collections			—

Less: Servicing Fees (not withheld from remittances)			—

Net Collections			—

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of March 01, 2017 through March 31, 2017

Date Due

Loan
Number

Borrower Name

Principal Due

Interest Due

Total Due

Principal Balance

Service Fees

none to report

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of March 01, 2017 through March 31, 2017

Loan Number

Payoff Date

Total Amount

Paid

Principal
Amount

Interest

Amount

Other Fees

Maturity

Date

none to report

TOTALS:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of March 01, 2017 through March 31, 2017

Loan Number

Date

Total Amount
Paid

Principal
Amount

Interest
Amount

none to report

TOTAL:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of March 31, 2017


Loan Number		Borrower Name	Interest Rate		Current UPB		Maturity Date
	30101601	Auburn University		3		275,000.00		12012018
	30104201	California State University Housing Bond		3		488,000.00		11012019
	30106904	College of Santa Fe		3		61,000.00		10012018
	30110101	Elizabeth City State University		3		25,000.00		10012017
	30110802	Fairleigh Dickinson Univ		3		120,000.00		11012017
	30112301	Georgetown University		3		675,000.00		11012020
	30112302	Georgetown University		4		1,810,000.00		11012020
	30116201	Lassen Junior College		3		104,000.00		4012020
	30117502	Lynchburg College		3		75,000.00		5012018
	30119801	Millsaps College		3		164,000.00		11012021
	30119903	Mississippi State University		3		365,000.00		12012020
	30123701	University of the Arts		3		681,594.65		1012022
	30125506	Rider College		3		27,000.00		5012017
	30127402	St Mary’s School		3		84,000.00		6012020
	30129101	Simpson College - Bond 1966		3		24,000.00		7012016
	30133201	Univ Student Coop Housing		3		295,000.00		4012019
	30136801	University of St Thomas		3		124,000.00		10012019
	30137802	Villanova University		3		220,000.00		4012019
	30137901	Vincennes University		3		1,380,000.00		6012023
	30140503	Wittenberg University		3		16,000.00		11012017
		TOTALS:				7,013,594.65

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of March 31, 2017

Loan Number

Borrower Name

Next
Payment
Due

P and I Due

30129101

SIMPSON COLLEGE

07/01/16

24,360.00

TOTAL:

24,360.00

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of March 31, 2017

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for March 2017

Date

Received

Date

Due

Loan

Number

Borrower Name

Principal
Due

Interest
Due

Total
Due

Principal
Balance

Principal
Paid

Interest
Paid

Suspense

Total
Paid

Net
System
Credits

Total
Bank
Credits

Wires

ACH
Debits
and
Other
Wires

none to report

—

System Credits 3/1

—

System Debits 3/1

—

Bank Credit 3/1

Bank Debit 3/1

Trustee Wire 3/1

TOTALS:

—

Loans Due in Current Period and Paid in Prior Period:

NONE

TOTALS:

—

Loans Due in Current Period Not Yet Paid:

NONE

TOTALS:

—

GRAND TOTAL:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

March-17


Total System Credits @ 3/31		—

Total Bank Credits @ 3/31		—

	in transit wire
	in transit credit
	payment reversal
	payment reversal
	payment reversal
	Service Fee refund due Trust
	Direct to Lender payments
	overdraft funding
	duplicate overdraft funding
	in transit
		—

Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

March-17


Total Bank Credits @ 3/31		—

Total Debits to Trustee @ 3/31		—

	Service Fees
	Service Fees
	Inspection Fees
	Trust Expense
	payment reversal
	payment reversal
	payment reversal
	payment reversal
	payment reversal
	repayment of duplicate overdraft funding
	overdraft funding repay
Adjusted Debits to Trustee		—

		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of April 01, 2017 through April 30, 2017


Collections:
Principal Payments	190,000.00
Interest Payments	12,435.00

Total Principal and Interest Collections	202,435.00

Payments and Reversals Posted to Suspense	—

Total Collections	202,435.00

Less: Servicing Fees (not withheld from remittances)	(310.89	)

Net Collections	202,124.11

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of April 01, 2017 through April 30, 2017


Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
04012017		30106904	COLLEGE OF SA		—		915.00		915.00		61,000.00		22.88
04012017		30110101	ELIZABETH CIT		—		375.00		375.00		25,000.00		9.38
04012017		30116201	LASSEN JUNIOR		25,000.00		1,560.00		26,560.00		104,000.00		39.00
04012017		30133201	UNIV STU COOP		95,000.00		4,425.00		99,425.00		295,000.00		110.63
04012017		30136801	UNIVERSITY OF		—		1,860.00		1,860.00		124,000.00		46.50
04012017		30137802	VILLANOVA UNI		70,000.00		3,300.00		73,300.00		220,000.00		82.50
												—
												—
												—
												—
												—
												—
												—

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of April 01, 2017 through April 30, 2017

Loan Number

Payoff
Date

Total
Amount
Paid

Principal
Amount

Interest
Amount

Other
Fees

Maturity
Date

none to report

TOTALS:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of April 01, 2017 through April 30, 2017

Loan Number

Date

Total
Amount Paid

Principal
Amount

Interest
Amount

none to report

TOTAL:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of April 30, 2017


Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30101601	Auburn University		3		275,000.00		12012018
30104201	California State University Housing Bond		3		488,000.00		11012019
30106904	College of Santa Fe		3		61,000.00		10012018
30110101	Elizabeth City State University		3		25,000.00		10012017
30110802	Fairleigh Dickinson Univ		3		120,000.00		11012017
30112301	Georgetown University		3		675,000.00		11012020
30112302	Georgetown University		4		1,810,000.00		11012020
30116201	Lassen Junior College		3		79,000.00		4012020
30117502	Lynchburg College		3		75,000.00		5012018
30119801	Millsaps College		3		164,000.00		11012021
30119903	Mississippi State University		3		365,000.00		12012020
30123701	University of the Arts		3		681,594.65		1012022
30125506	Rider College		3		27,000.00		5012017
30127402	St Mary’s School		3		84,000.00		6012020
30129101	Simpson College—Bond 1966		3		24,000.00		7012016
30133201	Univ Student Coop Housing		3		200,000.00		4012019
30136801	University of St Thomas		3		124,000.00		10012019
30137802	Villanova University		3		150,000.00		4012019
30137901	Vincennes University		3		1,380,000.00		6012023
30140503	Wittenberg University		3		16,000.00		11012017
	TOTALS:				6,823,594.65

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of April 30, 2017


Loan Number	Borrower Name	Next Payment Due		P and I Due
30129101	SIMPSON COLLEGE		07/01/16		24,360.00
TOTAL:					24,360.00

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of April 30, 2017

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for April 2017


Date Received	Date Due	Loan Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid		Suspense			Total Paid			Net System Credits			Total Bank Credits		Wires		ACH Debits and Other Wires
20170403	0	30101701	Azusa Pacific University										—		—		870.00			870.00
20170403	4012017	30106904	College of Santa Fe		—		915.00		915.00		61,000.00		—		915.00		—			915.00
20170403	4012017	30110101	Elizabeth City State University		—		375.00		375.00		25,000.00		—		375.00		—			375.00
20170403	4012017	30133201	Univ Student Coop Housing		95,000.00		4,425.00		99,425.00		295,000.00		95,000.00		4,425.00		—			99,425.00
20170403	4012017	30136801	University of St Thomas		—		1,860.00		1,860.00		124,000.00		—		1,860.00		—			1,860.00
System Credits 4/3																							103,445.00

System Debits 4/3																							—

Bank Credit 4/3

Bank Debit 4/3

Bank Debit 4/3

Trustee Wire 4/3

20170404	0	30101701	Azusa Pacific University										—		—		(870.00	)		(870.00	)
																				—
																				—
System Credits 4/4																							—

System Debits 4/4																							(870.00	)

Bank Credit 4/4																										103,445.00

Bank Debit 4/4 (service fees)																														1,155.64

Bank Debit 4/4

Trustee Wire 4/4																												102,289.36

20170407	4012017	30116201	Lassen Junior College		25,000.00		1,560.00		26,560.00		104,000.00		25,000.00		1,560.00		—			26,560.00
																				—
																				—
																				—
System Credits 4/7																							26,560.00

System Debits 4/7																							—

Bank Credit 4/5 (overdraft funding)																										870.00

Bank Credit 4/5

Bank Debit 4/5 (payment reversal)																														870.00

Bank Debit 4/5

Trustee Wire 4/5

20170420	4012017	30137802	Villanova University		70,000.00		3,300.00		73,300.00		220,000.00		70,000.00		3,300.00		—			73,300.00
																				—
																				—
System Credits 4/20																							73,300.00

System Debits 4/20																							—

Bank Credit 4/10																										26,560.00

Bank Debit 4/10 (overdraft funding recovery)																														870.00

Bank Debit 4/10 (payment reversal)

Trustee Wire 4/10																												25,690.00

																				—
																				—
																				—
																				—
System Credits 4/21																							—

System Debits 4/21																							—

Bank Credit 4/21																										73,300.00

Bank Debit 4/21

Bank Debit 4/21

Trustee Wire 4/21																												73,300.00

			TOTALS:		190,000.00		12,435.00		202,435.00		829,000.00		190,000.00		12,435.00		—			202,435.00			202,435.00			204,175.00		201,279.36		2,895.64

Loans Due in Current Period and Paid in Prior Period:
NONE
			TOTALS:		—		—		—		—

Loans Due in Current Period Not Yet Paid:
NONE
			TOTALS:		—		—		—		—

			GRAND TOTAL:		190,000.00		12,435.00		202,435.00		829,000.00

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

April-17


Total System Credits @ 4/30		202,435.00

Total Bank Credits @ 4/30		204,175.00

	in transit wire
	in transit credit
4/5/2017	payment reversal	(870.00	)
	payment reversal
	payment reversal
	Service Fee refund due Trust
	Direct to Lender payments
4/5/2017	overdraft funding	(870.00	)
	duplicate overdraft funding
	in transit
		202,435.00

Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

April-17


Total Bank Credits @ 4/30		204,175.00

Total Debits to Trustee @ 4/30		201,279.36

4/4/2017	Service Fees	1,155.64
	Service Fees
	Inspection Fees
	Trust Expense
4/5/2017	payment reversal	870.00
	payment reversal
	payment reversal
	payment reversal
	payment reversal
	repayment of duplicate overdraft funding
4/10/2017	overdraft funding repay	870.00
Adjusted Debits to Trustee		204,175.00

		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of May 01, 2017 through May 31, 2017


Collections:
Principal Payments	72,000.00
Interest Payments	59,675.00

Total Principal and Interest Collections	131,675.00

Payments and Reversals Posted to Suspense	—

Total Collections	131,675.00

Less: Servicing Fees (not withheld from remittances)	(1,265.64	)

Net Collections	130,409.36

Berkadia Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of May 01, 2017 through May 31, 2017


Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
5012017		30104201	CALIFORNIA ST		—		7,320.00		7,320.00		488,000.00		183.00
5012017		30110802	FAIRLEIGH DIC		—		1,800.00		1,800.00		120,000.00		45.00
5012017		30112301	GEORGETOWN UN		—		10,125.00		10,125.00		675,000.00		253.13
5012017		30112302	GEORGETOWN UN		—		36,200.00		36,200.00		1,810,000.00		678.75
5012017		30117502	LYNCHBURG COL		45,000.00		1,125.00		46,125.00		75,000.00		28.13
5012017		30119801	MILLSAPS COLL		—		2,460.00		2,460.00		164,000.00		61.50
5012017		30125506	RIDER COLLEGE		27,000.00		405.00		27,405.00		27,000.00		10.13
5012017		30140503	WITTENBERG UN		—		240.00		240.00		16,000.00		6.00
													—
													—
													—
													—
													—

Berkadia Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of May 01, 2017 through May 31, 2017

Loan Number

Payoff Date

Total Amount
Paid

Principal
Amount

Interest
Amount

Other Fees

Maturity
Date

30125506

5/1/2017

27,405.00

27,000.00

405.00

5012017

TOTALS:

27,405.00

27,000.00

405.00

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of May 01, 2017 through May 31, 2017

Loan Number

Date

Total
Amount
Paid

Principal
Amount

Interest
Amount

none to report

TOTAL:

—

Berkadia Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of May 31, 2017


Loan Number		Borrower Name	Interest Rate		Current UPB		Maturity Date
	30101601	Auburn University		3		275,000.00		12012018
	30104201	California State University Housing Bond		3		488,000.00		11012019
	30106904	College of Santa Fe		3		61,000.00		10012018
	30110101	Elizabeth City State University		3		25,000.00		10012017
	30110802	Fairleigh Dickinson Univ		3		120,000.00		11012017
	30112301	Georgetown University		3		675,000.00		11012020
	30112302	Georgetown University		4		1,810,000.00		11012020
	30116201	Lassen Junior College		3		79,000.00		4012020
	30117502	Lynchburg College		3		30,000.00		5012018
	30119801	Millsaps College		3		164,000.00		11012021
	30119903	Mississippi State University		3		365,000.00		12012020
	30123701	University of the Arts		3		681,594.65		1012022
	30127402	St Mary’s School		3		84,000.00		6012020
	30129101	Simpson College—Bond 1966		3		24,000.00		7012016
	30133201	Univ Student Coop Housing		3		200,000.00		4012019
	30136801	University of St Thomas		3		124,000.00		10012019
	30137802	Villanova University		3		150,000.00		4012019
	30137901	Vincennes University		3		1,380,000.00		6012023
	30140503	Wittenberg University		3		16,000.00		11012017
		TOTALS:				6,751,594.65

Berkadia Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of May 31, 2017

Loan Number

Borrower Name

Next
Payment
Due

P and I Due

30129101

SIMPSON COLLEGE

07/01/16

24,360.00

TOTAL:

24,360.00

Berkadia Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of May 31, 2017

None to report for this period

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report for May 2017


Date Received	Date Due	Loan Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid		Suspense		Total Paid		Net System Credits		Total Bank Credits		Wires		ACH Debits and Other Wires
20170501	5012017	30104201	California State University Housing Bond		—		7,320.00		7,320.00		488,000.00		—		7,320.00		—		7,320.00
20170501	5012017	30110802	Fairleigh Dickinson Univ		—		1,800.00		1,800.00		120,000.00		—		1,800.00		—		1,800.00
20170501	5012017	30112301	Georgetown University		—		10,125.00		10,125.00		675,000.00		—		10,125.00		—		10,125.00
20170501	5012017	30112302	Georgetown University		—		36,200.00		36,200.00		1,810,000.00		—		36,200.00		—		36,200.00
20170501	5012017	30117502	Lynchburg College		45,000.00		1,125.00		46,125.00		75,000.00		45,000.00		1,125.00		—		46,125.00
20170501	5012017	30119801	Millsaps College		—		2,460.00		2,460.00		164,000.00		—		2,460.00		—		2,460.00
20170501	5012017	30125506	Rider College		27,000.00		405.00		27,405.00		27,000.00		27,000.00		405.00		—		27,405.00
20170501	5012017	30140503	Wittenberg University		—		240.00		240.00		16,000.00		—		240.00		—		240.00
System Credits 5/1																					131,675.00

System Debits 5/1																					—

Bank Credit 5/1

Bank Debit 5/1

Bank Debit 5/1

Trustee Wire 5/1

																			—
																			—
																			—
System Credits 5/2																					—

System Debits 5/2																					—

Bank Credit 5/2																							131,675.00

Bank Debit 5/2

Bank Debit 5/2

Trustee Wire 5/2																									131,675.00

			TOTALS:		72,000.00		59,675.00		131,675.00		3,375,000.00		72,000.00		59,675.00		—		131,675.00		131,675.00		131,675.00		131,675.00		—

Loans Due in Current Period and Paid in Prior Period:
NONE
			TOTALS:		—		—		—		—

Loans Due in Current Period Not Yet Paid:
NONE
			TOTALS:		—		—		—		—

			GRAND TOTAL:		72,000.00		59,675.00		131,675.00		3,375,000.00

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

May-17


Total System Credits @ 5/31		131,675.00

Total Bank Credits @ 5/31		131,675.00

	in transit wire
	in transit credit
	payment reversal
	payment reversal
	payment reversal
	Service Fee refund due Trust
	Direct to Lender payments
	overdraft funding
	duplicate overdraft funding
	in transit
		131,675.00

Adjusted Bank Credits:		—

Berkadia Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

May-17


Total Bank Credits @ 5/31		131,675.00

Total Debits to Trustee @ 5/31		131,675.00

	Service Fees
	Service Fees
	Inspection Fees
	Trust Expense
	payment reversal
	payment reversal
	payment reversal
	payment reversal
	payment reversal
	repayment of duplicate overdraft funding
	overdraft funding repay
Adjusted Debits to Trustee		131,675.00

		—