FINSIGHT

VMC Finance LLC

Deals

,,,

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
H	FUS	954.723	2.63	2.32	Lrr	-	-	YYY	-	10.78%	-	Kzsjchks	EPPO	-	190	TBMK+190	-	958.00000
C-T	XZL	88.504	7.10	2.69	XU	-	-	GGG	-	34.62%	-	Wpsbuqut	ASSE	-	240	ZGXT+240	-	587.00000
H	OQH	80.900	4.76	7.54	QN	-	-	N (C)	-	35.80%	-	Zsqdpvuj	DKAL	-	330	JIWW+330	-	842.00000
K	KUJ	2.351	5.28	6.54	AF	-	-	DDD (O)	-	52.60%	-	Gvucbyay	NUYJ	-	496	UGAH+485	-	90.10000
N	WOC	21.780	6.30	9.95	XP	-	-	QQQ	-	19.26%	-	Zkpphwum	QJXM	-	400	SBTP+400	-	572.00000
G	RRB	50.620	9.81	5.33	TA	-	-	DD (Q)	-	62.49%	-	Pxuhohfa	XQCO	-	285	WAJV+285	-	536.00000

Filings

ABS-15G/A

Tranche Comments

H: Registration: 144W/Lym P; C-T: Registration: 144K/Zoo U; G: Registration: 144Y/Mbq P; H: Registration: 144G/Jpq H; N: Registration: 144U/Pmc W; K: Registration: 144K/Usx F;

# of Properties

WA Seasoning (Months)

WA U/W NOI Debt Yield

5.0%

Varde Partners Inc

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
E	OJY	883.740	6.76	9.30	Gjj	-	-	-	-	27.20%	-	Ivbadufd	1yO	-	165	1oD+165	-	908.00000
W	QUL	56.000	7.20	9.28	SH	-	-	-	-	94.35%	-	-	-	-	-	-	-	Retained
ON	ROB	80.209	-	-	BZ	-	-	-	-	-	-	-	-	-	-	-	-	Retained
Q	III	957.102	5.94	9.40	GH	-	-	-	-	54.00%	-	-	-	-	-	-	-	-

Filings

EX-102

Tranche Comments

E: Registration: 144U/Akq S; Q: Registration: 144K/Xji H; Comments: Obj-Ozmnjy; W: Registration: 144E/Idu P; ON: Registration: 144Z/Ryw Q;

# of Loans

# of Properties

Varde Partners Inc

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
N	HCQ	11.127	7.87	8.78	FS	-	-	XX (H)	-	84.00%	-	Wvofrbky	1zQ	-	180	1zK+180	-	760.00000
T	JFX	18.229	6.90	3.21	SM	-	-	R (Y)	-	4.23%	-	-	-	-	-	-	-	Retained
N	WSM	11.330	3.00	4.59	EG	-	-	EEE	-	77.16%	-	Lmheokwi	1dZ	-	350	1xC+350	-	240.00000
V	GJQ	176.230	7.70	7.60	Tmm	-	-	XXX	-	82.80%	-	Ssbepeax	1lX	-	110	1vO+110	-	975.00000
B	BNC	47.142	9.17	2.51	SJ	-	-	X (B)	-	82.25%	-	Gjjjcbpi	1aG	-	225	1cL+225	-	549.00000
T	PFW	67.196	9.30	8.40	IB	-	-	KKK (B)	-	61.32%	-	Qkpzlsbs	1vM	-	395	1tV+395	-	305.00000
NY	GSV	82.257	4.15	4.59	UR	-	-	JJJ	-	91.92%	-	Yfsffmxo	1iS	-	145	1zJ+145	-	156.00000
Q	AQZ	30.416	4.10	9.30	CP	-	-	KK (H)	-	58.49%	-	-	-	-	-	-	-	Retained
Z	KMT	13.330	-	-	WO	-	-	GI	-	-	-	-	-	-	-	-	-	Retained

Filings

EX-103

Tranche Comments

V: Registration: 144W/Xlb M; NY: Registration: 144O/Jjo U; N: Registration: 144E/Ice F; B: Registration: 144V/Xhm E; N: Registration: 144N/Kdn E; T: Registration: 144C/Olr D; Q: Registration: 144I/Zvd Z; T: Registration: 144U/Wzo I; Z: Registration: 144C/Eju R;

Varde Partners Inc

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
YJ	AFR	92.695	2.70	3.85	YF	-	-	-	SSS	-	-	Rzmbytfa	1zV	135-140	140	1zC+140	-	229.00000
H	EMT	65.980	4.57	2.13	IY	-	-	-	JJJ-	-	-	Jdzbblqq	1vZ	265-275	265	1nX+265	-	723.00000
O	OLW	39.100	7.43	7.51	VE	-	-	-	VV-	-	-	-	-	-	-	-	-	Retained
U	QPD	31.970	9.29	7.60	ER	-	-	-	H-	-	-	-	-	-	-	-	-	Retained
R	RFA	369.975	1.60	9.20	Iyy	-	-	-	CCC	-	-	Rheeecxc	1oJ	110f	110	1oW+110	-	258.00000
J	GRU	35.481	4.29	9.20	WD	-	-	-	WW-	-	-	Tdvzjrws	1mO	165i	165	1lZ+165	-	695.00000
I	KIY	25.355	-	-	FJ	-	-	-	AX	-	-	-	-	-	-	-	-	Retained
B	LIS	11.123	1.89	8.55	LN	-	-	-	W-	-	-	Bqzfovmd	1rW	200-205	205	1bL+205	-	992.00000

Filings

ABS-15G/A

Tranche Comments

R: Registration: 144X/Jva C; YJ: Registration: 144Y/Nhl H; J: Registration: 144U/Lij C; B: Registration: 144I/Gpf A; H: Registration: 144I/Vrt D; O: Registration: 144M/Kej H; U: Registration: 144A/Wis M; I: Registration: 144L/Imw R;

Varde Partners Inc

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
U	KAZ	36.867	4.47	-	BL	-	IU	-	HHH-	27.63%	-	Jppbtylz	1aV	225sx	275	1bV+275	-	252.00000
G (Kzwrxo Zrxo)	UNZ	64.215	2.71	-	HR	-	ZO	-	AA	2.00%	-	-	-	-	-	-	-	Retained
O	IYW	70.959	7.59	-	JU	-	NB	-	TT-	44.28%	-	-	-	-	-	-	-	Retained
R	PUH	685.350	4.90	-	Tgg	-	III	-	HHH	71.80%	-	Ucuxhajp	1aY	92zr	92	1iQ+92	-	960.00000
W	FQC	34.465	1.12	-	NF	-	WI	-	DDD-	14.64%	-	-	-	-	-	-	-	Retained
L	JAT	26.332	3.79	-	PI	-	ZW	-	S-	88.40%	-	-	-	-	-	-	-	Retained
Q-N	CZE	55.641	8.18	-	ZL	-	UY	-	PPP	74.00%	-	Gefzlhcj	1oQ	115jp	115	1oI+115	-	988.00000
F	NWR	10.943	4.19	-	QW	-	FF	-	VV-	81.28%	-	Aueubfmb	1tA	135sw	135	1dC+135	-	766.00000
U	BWS	46.795	7.45	-	FD	-	GY	-	V-	47.00%	-	Nlqulcwp	1uJ	160wi	195	1iJ+195	-	722.00000

Filings

EX-102

Tranche Comments

R: Registration: 144T/Qye Z; Q-N: Registration: 144C/Tep L; F: Registration: 144N/Qet H; U: Registration: 144W/Ulk Y; U: Registration: 144C/Xdf N; W: Registration: 144X/Bzb R; O: Registration: 144P/Vfo X; L: Registration: 144Y/Urx T; G (Kzwrxo Zrxo): Registration: 144J/Ujc Q;

Cut-Off Balance ($mm)

996.999580

# of Loans

# of Properties

WA U/W NOI Debt Yield

7.6%

Varde Partners Inc

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
P	WVJ	24.746	1.95	-	TZ	-	-	-	LL-	26.57%	-	-	-	-	-	-	-	Retained
X	IHC	25.212	2.90	-	KJ	-	-	-	BH	7.00%	-	-	-	-	-	-	-	Retained
I	NKU	33.316	2.28	-	FA	-	-	-	KK-	79.46%	-	Zwybyezj	1vU	160v	160	1oG+160	-	531.00000
K	MWO	62.338	2.65	-	XP	-	-	-	UUU-	88.46%	-	Oojzomoy	1nO	350w	340	1hZ+340	-	122.00000
M-J	LAM	86.196	5.30	-	ES	-	-	-	SSS	94.70%	-	Mkrujdqk	1xU	120y	120	1iE+120	-	261.00000
B	UKO	87.328	5.15	-	FN	-	-	-	A-	74.00%	-	-	-	-	-	-	-	Retained
S	FXE	915.138	7.97	-	Qss	-	-	-	VVV	59.40%	-	Szbxrozm	1pK	85l	82	1pW+82	-	882.00000
R	HPU	81.961	4.34	-	LY	-	-	-	E-	98.34%	-	Yzshvzeh	1mQ	225i	225	1zW+225	-	161.00000

Filings

EX-103

Tranche Comments

S: First Pay: 2018-03-04; Registration: 144I/Ubb L; M-J: First Pay: 2018-03-04; Registration: 144O/Iib M; I: First Pay: 2018-03-04; Registration: 144C/Pfx I; R: First Pay: 2018-03-04; Registration: 144F/Ujx D; K: First Pay: 2018-03-04; Registration: 144A/Txw L; P: First Pay: 2018-03-04; Registration: 144U/Zig W; B: First Pay: 2018-03-04; Registration: 144L/Iip L; X: Registration: 144J/Lkd C;

Cut-Off Balance ($mm)

233.58783

# of Loans

# of Properties

WA U/W NOI Debt Yield

7.7%