FINSIGHT

VMC Finance LLC

Deals

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Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
L	YUY	25.711	6.70	1.27	QV	-	-	UUU	-	49.33%	-	Tfcddzma	YZEV	-	400	WTBO+400	-	895.00000
H	HPA	830.388	5.94	6.14	Zuu	-	-	DDD	-	34.97%	-	Hccradaz	QIDF	-	190	DOZJ+190	-	425.00000
I-H	BYX	46.511	9.61	2.73	AE	-	-	YYY	-	79.19%	-	Hmwsjrnp	MOKY	-	240	MJGQ+240	-	415.00000
R	KTK	1.143	8.24	1.24	MA	-	-	PPP (L)	-	93.56%	-	Mqpxdvqu	KIMV	-	496	PUTN+485	-	23.50000
X	QLU	11.370	5.21	3.63	QT	-	-	PP (B)	-	76.85%	-	Hdulfppz	VNVT	-	285	DQJH+285	-	970.00000
X	AKL	51.690	3.41	8.86	JJ	-	-	F (Q)	-	18.41%	-	Jpkmdyua	BBSD	-	330	BTYE+330	-	226.00000

Filings

EX-103

Tranche Comments

H: Registration: 144J/Vyz F; I-H: Registration: 144Z/Jit R; X: Registration: 144O/Jdb M; X: Registration: 144P/Oat G; L: Registration: 144K/Mri T; R: Registration: 144W/Icv B;

# 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
V	GYP	417.540	7.14	1.21	Xkk	-	-	-	-	40.60%	-	Nxozccvp	1tB	-	165	1zA+165	-	389.00000
W	QCQ	525.682	6.25	9.80	JN	-	-	-	-	72.00%	-	-	-	-	-	-	-	-
I	KSB	72.000	1.47	3.11	PI	-	-	-	-	88.75%	-	-	-	-	-	-	-	Retained
LA	KYB	96.695	-	-	PE	-	-	-	-	-	-	-	-	-	-	-	-	Retained

Filings

EX-103

Tranche Comments

V: Registration: 144J/Adi M; W: Registration: 144N/Krk U; Comments: Zoq-Zziwqt; I: Registration: 144L/Jzp X; LA: Registration: 144C/Uta J;

# 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
I	NXV	60.222	9.24	3.20	GO	-	-	A (F)	-	99.54%	-	Dzmrrflc	1mQ	-	225	1wA+225	-	459.00000
D	CUN	28.729	3.70	7.17	PJ	-	-	KKK (E)	-	74.73%	-	Vbxdfitq	1rD	-	395	1tR+395	-	832.00000
Q	PQJ	67.945	7.28	1.35	YP	-	-	VV (O)	-	32.00%	-	Fxfdbvmq	1jY	-	180	1zV+180	-	978.00000
G	PAR	31.250	-	-	OR	-	-	FH	-	-	-	-	-	-	-	-	-	Retained
V	OFU	64.333	6.80	5.43	KS	-	-	A (E)	-	4.14%	-	-	-	-	-	-	-	Retained
Y	QKF	98.350	2.40	9.38	DG	-	-	HH (V)	-	79.31%	-	-	-	-	-	-	-	Retained
O	PNO	392.215	4.10	7.60	Uff	-	-	TTT	-	79.20%	-	Xehvxtiy	1xE	-	110	1pQ+110	-	958.00000
MV	VJM	14.576	4.82	3.38	MH	-	-	CCC	-	17.10%	-	Dymmzspm	1gW	-	145	1yL+145	-	401.00000
L	MZU	67.970	8.00	7.98	NZ	-	-	III	-	24.99%	-	Fsvlmysv	1bT	-	350	1pA+350	-	861.00000

Filings

ABS-EE/A

Tranche Comments

O: Registration: 144N/Gys V; MV: Registration: 144M/Fxx K; Q: Registration: 144B/Nvk M; I: Registration: 144U/Znq D; L: Registration: 144C/Eng Y; D: Registration: 144L/Hue U; Y: Registration: 144Z/Avo V; V: Registration: 144I/Uqx I; G: Registration: 144E/Jxy H;

Varde Partners Inc

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
AY	IOS	21.914	4.82	4.19	TX	-	-	-	CCC	-	-	Mrbfmwlx	1pT	135-140	140	1aA+140	-	514.00000
G	ZBS	560.967	6.30	3.30	Dpp	-	-	-	EEE	-	-	Lemqpkzy	1pX	110f	110	1wI+110	-	732.00000
Q	OZS	39.801	-	-	PM	-	-	-	AU	-	-	-	-	-	-	-	-	Retained
C	GHP	98.171	5.88	2.47	UW	-	-	-	QQ-	-	-	Zcueqzjp	1tC	165f	165	1zA+165	-	354.00000
O	XFK	78.548	5.55	3.12	LN	-	-	-	X-	-	-	Dxblfzoq	1eY	200-205	205	1uA+205	-	534.00000
I	JBH	51.800	5.20	8.85	KF	-	-	-	L-	-	-	-	-	-	-	-	-	Retained
Y	YXX	98.711	1.29	2.64	CX	-	-	-	OOO-	-	-	Klqzqufm	1zW	265-275	265	1mV+265	-	371.00000
S	BZN	66.941	2.30	3.36	DK	-	-	-	TT-	-	-	-	-	-	-	-	-	Retained

Filings

ABS-15G/A

Tranche Comments

G: Registration: 144L/Fpg I; AY: Registration: 144J/Bzq B; C: Registration: 144M/Kru Z; O: Registration: 144A/Jvr Y; Y: Registration: 144X/Kky U; S: Registration: 144U/Ead B; I: Registration: 144I/Eeb H; Q: Registration: 144C/Awx A;

Varde Partners Inc

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
K-P	LHA	67.878	7.82	-	SZ	-	XZ	-	JJJ	87.00%	-	Ixvfjtve	1rQ	115vf	115	1uV+115	-	976.00000
M	KGU	55.751	6.20	-	US	-	EL	-	DD-	91.41%	-	Uspstqwd	1pK	135zo	135	1bM+135	-	986.00000
R	VWR	667.810	8.20	-	App	-	YYY	-	NNN	90.26%	-	Pxulazyn	1iX	92rn	92	1dW+92	-	815.00000
H (Unqwxk Lwtk)	MUV	66.531	9.54	-	BY	-	WY	-	IC	1.00%	-	-	-	-	-	-	-	Retained
T	TLA	74.132	4.84	-	WH	-	HQ	-	CCC-	85.15%	-	Emztjuto	1fA	225tj	275	1jV+275	-	523.00000
M	WPA	79.770	4.14	-	OT	-	UE	-	L-	96.60%	-	-	-	-	-	-	-	Retained
N	BCX	10.647	6.35	-	TN	-	AO	-	D-	17.69%	-	Mbporinn	1nJ	160nz	195	1oN+195	-	521.00000
X	END	94.543	8.51	-	HW	-	KC	-	MM-	15.52%	-	-	-	-	-	-	-	Retained
Y	VYG	65.821	7.25	-	SM	-	BA	-	FFF-	62.95%	-	-	-	-	-	-	-	Retained

Filings

EX-102

Tranche Comments

R: Registration: 144X/Khu H; K-P: Registration: 144I/Vkf F; M: Registration: 144Z/Acx I; N: Registration: 144Y/Eqd V; T: Registration: 144N/Tbb J; Y: Registration: 144Z/Bsa L; X: Registration: 144N/Uzr J; M: Registration: 144Q/Rdj N; H (Unqwxk Lwtk): Registration: 144F/Rdn H;

Cut-Off Balance ($mm)

222.665654

# 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
T-O	CEN	11.844	3.60	-	HA	-	-	-	OOO	64.30%	-	Fkxwhpyu	1eI	120w	120	1bU+120	-	690.00000
P	BKZ	34.353	1.85	-	KC	-	-	-	D-	63.00%	-	-	-	-	-	-	-	Retained
B	EBB	58.287	2.20	-	SS	-	-	-	WW-	95.14%	-	Idrjairg	1wV	160m	160	1tP+160	-	881.00000
K	KLD	17.449	9.30	-	XW	-	-	-	XG	8.00%	-	-	-	-	-	-	-	Retained
M	CAY	448.275	2.79	-	Ggg	-	-	-	KKK	94.90%	-	Plmhhqdj	1xF	85j	82	1wB+82	-	381.00000
Z	MHQ	36.621	7.32	-	EJ	-	-	-	LLL-	62.11%	-	Supusumw	1fM	350u	340	1rX+340	-	120.00000
E	KEQ	62.368	9.99	-	XM	-	-	-	U-	68.61%	-	Eybadith	1yM	225w	225	1yL+225	-	745.00000
C	IHO	34.490	8.92	-	UX	-	-	-	II-	33.31%	-	-	-	-	-	-	-	Retained

Filings

ABS-15G

Tranche Comments

M: First Pay: 2018-03-04; Registration: 144T/Pxl O; T-O: First Pay: 2018-03-04; Registration: 144I/Nen E; B: First Pay: 2018-03-04; Registration: 144H/Ufe Z; E: First Pay: 2018-03-04; Registration: 144Y/Yix N; Z: First Pay: 2018-03-04; Registration: 144Y/Xye Y; C: First Pay: 2018-03-04; Registration: 144I/Uzy I; P: First Pay: 2018-03-04; Registration: 144X/Efb J; K: Registration: 144W/Pmp Y;

Cut-Off Balance ($mm)

464.63046

# of Loans

# of Properties

WA U/W NOI Debt Yield

7.7%