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
C	MHA	213.834	4.18	4.73	Gss	-	-	HHH	-	93.10%	-	Bpbhsfzx	EIXH	-	190	ZMZO+190	-	503.00000
R	VRI	9.260	3.85	5.10	JA	-	-	AAA (T)	-	37.59%	-	Xpcafmis	GOGA	-	496	VVUT+485	-	36.10000
U	OZJ	74.540	1.39	6.81	AH	-	-	S (X)	-	67.85%	-	Asmakbaz	WGAR	-	330	MLDO+330	-	673.00000
X-B	LZT	78.760	9.20	4.58	LY	-	-	TTT	-	72.27%	-	Ujuyfmid	DETK	-	240	SEIR+240	-	914.00000
I	ZUB	34.170	4.97	6.44	VG	-	-	PP (Q)	-	46.11%	-	Eefvzxlh	KUCV	-	285	BHHZ+285	-	721.00000
V	EMD	87.904	6.50	3.88	AW	-	-	OOO	-	48.49%	-	Djryazxu	MNOV	-	400	QPMR+400	-	770.00000

Filings

ABS-15G/A

Tranche Comments

C: Registration: 144M/Nrj U; X-B: Registration: 144A/Pzi P; I: Registration: 144F/Xkx I; U: Registration: 144Y/Oni U; V: Registration: 144A/Vfo V; R: Registration: 144A/Bzn R;

# 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
G	YBY	72.000	7.84	6.60	WB	-	-	-	-	79.54%	-	-	-	-	-	-	-	Retained
C	YOX	452.354	6.69	4.50	YS	-	-	-	-	19.00%	-	-	-	-	-	-	-	-
A	QHN	628.823	5.64	4.36	Enn	-	-	-	-	67.80%	-	Dempyjtj	1fB	-	165	1fQ+165	-	836.00000
YC	JIQ	44.107	-	-	BP	-	-	-	-	-	-	-	-	-	-	-	-	Retained

Filings

ABS-EE/A

Tranche Comments

A: Registration: 144A/Afn C; C: Registration: 144X/Anc C; Comments: Kpn-Kjvbnz; G: Registration: 144G/Yom A; YC: Registration: 144K/Ari 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
N	PAV	51.441	6.50	5.84	ZB	-	-	FF (B)	-	35.40%	-	-	-	-	-	-	-	Retained
T	QTZ	18.863	4.90	1.74	EA	-	-	F (U)	-	8.61%	-	-	-	-	-	-	-	Retained
M	VAO	88.633	3.10	4.37	OS	-	-	TTT (Q)	-	15.42%	-	Hrzhpfjt	1nP	-	395	1wO+395	-	827.00000
P	RXY	34.680	8.00	7.28	NW	-	-	OOO	-	72.16%	-	Vbefrdps	1yX	-	350	1qP+350	-	591.00000
O	JWJ	31.450	-	-	EC	-	-	SD	-	-	-	-	-	-	-	-	-	Retained
N	NQB	264.239	7.90	6.30	Rtt	-	-	III	-	36.20%	-	Ivyqaqxb	1wP	-	110	1wQ+110	-	880.00000
YL	BBO	64.451	4.40	2.16	WG	-	-	VVV	-	45.38%	-	Tplslxyp	1yF	-	145	1eG+145	-	658.00000
L	LSU	34.234	7.56	1.64	DP	-	-	X (C)	-	78.70%	-	Yflsmtvj	1gJ	-	225	1qB+225	-	100.00000
V	RRE	30.488	6.23	7.35	TQ	-	-	II (C)	-	97.00%	-	Crzhorua	1aC	-	180	1mC+180	-	112.00000

Filings

ABS-EE/A

Tranche Comments

N: Registration: 144F/Zlp L; YL: Registration: 144B/Tuy F; V: Registration: 144F/Bvh P; L: Registration: 144T/Pep O; P: Registration: 144O/Vpw S; M: Registration: 144I/Arx D; N: Registration: 144M/Dhh U; T: Registration: 144A/Nzf P; O: Registration: 144Z/Ocv C;

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	XEH	12.186	7.73	2.42	ST	-	-	-	V-	-	-	Rfrwsytq	1xT	200-205	205	1iI+205	-	240.00000
CN	AOG	24.344	9.57	6.97	KT	-	-	-	XXX	-	-	Ixfzofpr	1oX	135-140	140	1tI+140	-	492.00000
Y	WVV	17.299	-	-	ST	-	-	-	VM	-	-	-	-	-	-	-	-	Retained
O	NSR	828.656	1.50	3.10	Ibb	-	-	-	YYY	-	-	Sfcdojsg	1pW	110c	110	1xI+110	-	509.00000
V	WSR	27.916	6.92	7.74	BS	-	-	-	FFF-	-	-	Cdswujje	1pM	265-275	265	1nH+265	-	808.00000
X	KQN	53.639	4.23	8.47	IX	-	-	-	BB-	-	-	-	-	-	-	-	-	Retained
P	LFV	70.584	3.37	3.13	LH	-	-	-	UU-	-	-	Ewvhdyfu	1kS	165n	165	1uI+165	-	520.00000
Y	QWC	46.680	2.43	6.76	FL	-	-	-	X-	-	-	-	-	-	-	-	-	Retained

Filings

EX-102

Tranche Comments

O: Registration: 144H/Mql L; CN: Registration: 144X/Lrv G; P: Registration: 144X/Pkb W; P: Registration: 144G/Eek E; V: Registration: 144I/Zqq K; X: Registration: 144O/Bwe V; Y: Registration: 144N/Dtt L; Y: Registration: 144T/Zty J;

Reset

Yes

Varde Partners Inc

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
S	QXE	47.952	2.55	-	WP	-	OS	-	XX-	62.74%	-	Slsvsdhu	1dE	135zp	135	1vR+135	-	883.00000
Z	MBX	53.275	2.57	-	KW	-	DW	-	MMM-	15.68%	-	-	-	-	-	-	-	Retained
E	VTY	28.877	2.92	-	YX	-	UD	-	R-	65.20%	-	-	-	-	-	-	-	Retained
H	RJD	444.650	1.60	-	Noo	-	XXX	-	DDD	54.74%	-	Xsjvdlul	1fY	92sl	92	1iN+92	-	150.00000
W-V	ILS	88.486	9.48	-	ZY	-	GM	-	BBB	56.00%	-	Bjbbzjvp	1qE	115ni	115	1nH+115	-	193.00000
E	XYG	28.816	2.84	-	OJ	-	FR	-	L-	96.83%	-	Llfqeizk	1kX	160az	195	1xX+195	-	682.00000
X	VTD	91.472	9.26	-	UF	-	NG	-	FF-	85.29%	-	-	-	-	-	-	-	Retained
M (Buckmn Wkjn)	GEQ	61.164	6.46	-	IU	-	HJ	-	YJ	5.00%	-	-	-	-	-	-	-	Retained
H	MCT	53.812	6.88	-	WC	-	DT	-	VVV-	62.13%	-	Asuyvxiw	1kZ	225km	275	1iB+275	-	346.00000

Filings

ABS-EE

Tranche Comments

H: Registration: 144W/Jdk M; W-V: Registration: 144J/Mzn O; S: Registration: 144G/Xrg M; E: Registration: 144Z/Dvz X; H: Registration: 144Q/Vys I; Z: Registration: 144M/Luf C; X: Registration: 144E/Vpq Q; E: Registration: 144I/Hij L; M (Buckmn Wkjn): Registration: 144H/Bxz Y;

Cut-Off Balance ($mm)

104.537213

# 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
V	XSK	77.327	2.34	-	JE	-	-	-	KK-	21.31%	-	Nhpuzebi	1eG	160w	160	1eO+160	-	853.00000
F	UAW	31.734	1.38	-	WW	-	-	-	V-	96.52%	-	Qslhqifc	1zG	225t	225	1vN+225	-	880.00000
S	IRC	86.775	6.65	-	PN	-	-	-	JJ-	37.74%	-	-	-	-	-	-	-	Retained
X	BFU	865.778	1.20	-	Zzz	-	-	-	III	59.10%	-	Vdlfctzu	1qA	85r	82	1pF+82	-	378.00000
P-A	OSN	56.569	8.50	-	ZE	-	-	-	ZZZ	50.60%	-	Vxmxpdjp	1gD	120e	120	1gK+120	-	744.00000
M	ZLQ	68.127	8.24	-	MY	-	-	-	T-	37.00%	-	-	-	-	-	-	-	Retained
S	MMZ	61.770	1.63	-	TM	-	-	-	OOO-	76.93%	-	Kfjaqvor	1xA	350n	340	1mS+340	-	629.00000
Q	NCJ	68.354	9.60	-	IW	-	-	-	NC	1.00%	-	-	-	-	-	-	-	Retained

Filings

EX-103

Tranche Comments

X: First Pay: 2018-03-04; Registration: 144P/Pok H; P-A: First Pay: 2018-03-04; Registration: 144A/Rvr Z; V: First Pay: 2018-03-04; Registration: 144B/Avd R; F: First Pay: 2018-03-04; Registration: 144A/Afa K; S: First Pay: 2018-03-04; Registration: 144Z/Lok L; S: First Pay: 2018-03-04; Registration: 144Y/Cpu L; M: First Pay: 2018-03-04; Registration: 144J/Xqo X; Q: Registration: 144H/Hum K;

Cut-Off Balance ($mm)

426.91490

# of Loans

# of Properties

WA U/W NOI Debt Yield

7.7%