# EDGAR Filing Document

**Accession Number:** 0001617760
**File Stem:** 0001853620-23-000144
**Filing Date:** 2023-3
**Character Count:** 68082
**Document Hash:** ee448e86daf76eb629da5a1b5fea5ec1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001853620-23-000144.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001853620-23-000144

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230317

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18
- **CENTRAL INDEX KEY:** 0001617760
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-180779-11
- **FILM NUMBER:** 23789182

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-761-4000

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

---

| |
|:---|
| **UNITED STATES** |
| **SECURITIES AND EXCHANGE COMMISSION** |
| **Washington, D.C. 20549** |

---

**FORM 10-D**

---

| |
|:---|
| **ASSET-BACKED ISSUER** |
| **DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF** |
| **THE SECURITIES EXCHANGE ACT OF 1934** |

---

For the monthly distribution period from <br> February 18, 2023 to March 17, 2023

Commission File Number of Issuing entity: <u>333-180779-11</u>

Central Index Key Number of issuing entity: <u>0001617760</u>

<u>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18</u> <br> (Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: <u>333-180779</u>

Central Index Key Number of depositor: <u>0001547361</u>

<u>MORGAN STANLEY CAPITAL I INC.</u> <br> (Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor: <u>0001541557</u> <br> <u>0001102113</u> <br> <u>0001548567</u>

---

| |
|:---|
| Morgan Stanley Mortgage Capital Holdings LLC |
| Bank of America, National Association |
| <u>CIBC Inc.</u> |
| (Exact name of sponsors as specified in their charters |

---

<u>Jane Lam (212) 761-4000</u> <br> (Name and telephone number, including area code, of the person to contact in connection with this filing)

<u>New York</u> <br> (State or other jurisdiction of incorporation or organization of the issuing entity)

---

| |
|:---|
| 47-2087494 |
| 47-2098931 |
| 47-2108850 |
| <u>47-6535473</u> |
| (I.R.S. Employer Identification No.) |

---

---

| |
|:---|
| c/o U.S. Bank National Association |
| 190 S. LaSalle Street |
| <u>Chicago, IL</u> |
| (Address of principal executive offices of issuing entity) |

---

<u>60603</u> <br> (Zip Code)

<u>(312) 332-7458</u> <br> (Telephone number, including area code)

<u>Not Applicable</u> <br> (Former name, former address, if changed since last report)

Registered/reporting pursuant to (check one)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | | | Name of exchange |
| Title of Class | Section 12(b) | Section 12(g) | Section 15(d) | (If Section 12(b)) |
| A-1 | ☐ | ☐ | ☒ | __________ |
| A-2 | ☐ | ☐ | ☒ | __________ |
| A-SB | ☐ | ☐ | ☒ | __________ |
| A-3 | ☐ | ☐ | ☒ | __________ |
| A-4 | ☐ | ☐ | ☒ | __________ |
| X-A | ☐ | ☐ | ☒ | __________ |
| A-S | ☐ | ☐ | ☒ | __________ |
| B | ☐ | ☐ | ☒ | __________ |
| PST | ☐ | ☐ | ☒ | __________ |
| C | ☐ | ☐ | ☒ | __________ |

---

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities and Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days? Yes ☒ No ☐

**PART I - DISTRIBUTION INFORMATION**

**Item 1. Distribution and Pool Performance Information.**

On March 17, 2023 a distribution was made to holders of the certificates issued by Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18. The monthly report to holders is attached as Exhibit 99.1.

No assets securitized by Morgan Stanley Mortgage Capital Holdings LLC, Bank of America, National Association, or CIBC Inc. and held by Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18 were the subject of a demand to repurchase or replace for breach of the representations and warranties during the monthly distribution period from February 18, 2023 to March 17, 2023. Morgan Stanley Mortgage Capital Holdings LLC filed its most recent Form ABS-15G on February 14, 2023. The CIK Number of Morgan Stanley Mortgage Capital Holdings LLC is 0001541557. Bank of America, National Association filed its most recent Form ABS-15G on February 13, 2023. The CIK Number of Bank of America, National Association is 0001102113. CIBC Inc. filed its most recent Form ABS-15G on February 14, 2023. The CIK Number of CIBC Inc. is 0001548567.

**PART II - OTHER INFORMATION**

**Item 9. Other Information**

Wells Fargo Bank, N.A., in its capacity as Master Servicer for Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18, affirms the following amounts in the respective accounts:

---

| | |
|:---|:---|
| Collection Account Balance | Collection Account Balance |
| Prior Distribution Date: February 17, 2023 | $0.00 |
| Current Distribution Date: March 17, 2023 | $0.00 |

---

---

| | |
|:---|:---|
| \*REO Account Balance | \*REO Account Balance |
| Prior Distribution Date: February 17, 2023 | $0.00 |
| Current Distribution Date: March 17, 2023 | $0.00 |

---

\*As provided by the Special Servicer

U.S. Bank National Association, in its capacity as Certificate Administrator for Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18, affirms the following amounts in the respective accounts:

---

| | |
|:---|:---|
| Distribution Account Balance | Distribution Account Balance |
| Prior Distribution Date: February 17, 2023 | $1457.57 |
| Current Distribution Date: March 17, 2023 | $1315.23 |

---

---

| | |
|:---|:---|
| Interest Reserve Account Balance | Interest Reserve Account Balance |
| Prior Distribution Date: February 17, 2023 | $0.00 |
| Current Distribution Date: March 17, 2023 | $0.00 |

---

---

| | |
|:---|:---|
| Excess Liquidation Proceeds Account Balance | Excess Liquidation Proceeds Account Balance |
| Prior Distribution Date: February 17, 2023 | $0.00 |
| Current Distribution Date: March 17, 2023 | $0.00 |

---

---

| | |
|:---|:---|
| TA Unused Fees Account Balance | TA Unused Fees Account Balance |
| Prior Distribution Date: February 17, 2023 | $0.00 |
| Current Distribution Date: March 17, 2023 | $0.00 |

---

---

| |
|:---|
| **Item 10. Exhibits.** |
| (a) The following is a list of documents filed as part of this Report on Form 10-D: |
| (99.1) [Monthly report distributed to holders of Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18, relating to the March 17, 2023 distribution.](msc2014c18.htm) |
| (b) The exhibits required to be filed by the Registrant pursuant to this form are listed in the Exhibit Index that immediately follows on the signature page hereof. |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 MORGAN STANLEY CAPITAL I INC. <br> (Depositor)

---

| | |
|:---|:---|
| Date: March 31, 2023 | <u>/s/ Jane H. Lam</u> |
| | Name: Jane H. Lam |
| | Title: President |

---

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **<u>Exhibit Number</u>** | **<u>Exhibit</u>** |
| Exhibit 99.1 | [Monthly report distributed to holders of the certificates issued by Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18, relating to the March 17, 2023 distribution.](msc2014c18.htm) |

---

## Exhibit 99.1

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**
**Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

**March 2023**

# **DATES**

Payment Date: Mar 17, 2023
Prior Payment: Feb 17, 2023
Next Payment: Apr 17, 2023
Record Date: Feb 28, 2023
Determination Date: Mar 13, 2023
First Payment Date: Oct 20, 2014
Closing Date: Sep 30, 2014
Cut-off Date: Sep 1, 2014
Final Distribution Date: Oct 17, 2047

# **ADMINISTRATOR**

Name: Faseeh Ejaz
Title: Account Administrator

Address: 190 S La Salle St
Chicago, IL 60603

# **TABLE OF CONTENTS**

Payment Detail Page 1
Payment Detail (Exchange Certificates) Page 2
Factor Detail Page 3
Principal Detail Page 4
Interest Detail Page 5
Reconciliation of Funds Page 6
Additional Reconciliation Detail Page 7
Historical Loan Modification Report Page 8
Bond/Collateral Realized Loss Reconciliation Page 9
Historical Delinquency & Liquidation (Stated) Page 10
Delinquency Summary Report Page 11
REO Status Report Page 13
Historical Liquidation Loss Loan Detail Page 14
Interest Adjustment Reconciliation Page 15
Appraisal Reduction Report Page 16
Loan Level Detail Page 17
Material Breaches and Document Defects Page 19
Mortgage Loan Characteristics Page 20
Deceased Loan Detail Page 24
Delinquent Loan Detail Page 25
Specially Serviced Loan Detail Page 26
Specially Serviced Loan Comment Page 27
Other Related Information Page 28
REO Additional Detail Page 29

Phone: 312.416.6599
Email: faseeh.ejaz@usbank.com
Website: https://pivot.usbank.com/

# **PARTIES TO THE TRANSACTION**

Mortgage Loan Seller: Bank of America, National Association
Mortgage Loan Seller: CIBC Inc.
Mortgage Loan Seller: Morgan Stanley Mortgage Capital Holdings LLC
Depositor: Morgan Stanley Capital Inc.
Trustee: U.S. Bank
Certificate Administrator: U.S. Bank
Custodian: U.S. Bank
Master Servicer: Wells Fargo Bank, National Association
Special Servicer: Rialto Capital Advisors, LLC
Trust Advisor: Park Bridge Lender Services LLC

* This report contains, or is based on, information furnished to U.S. Bank Global Corporate Trust ("U.S. Bank") by one or more third parties (e.g. Servicers, Master Servicer, etc.), and U.S. Bank has not independently verified information received from any such third party.

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**
**Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

**March 2023**

# **PAYMENT DETAIL**

| Class | Pass-Through Rate | Initial Class Certificate Balance | Beginning Class Certificate Balance | Principal Distribution Amount | Interest Distribution Amount | Total Distribution Amount | Collateral Support Deficit | Trust Advisor Expense | Ending Balance | Exchangeable Percent Outstanding |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A-1 | 1.68600% | 36,300,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| A-2 | 3.19400% | 288,600,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| A-5B | 3.62100% | 67,800,000.00 | 17,482,233.54 | 1,265,097.86 | 52,752.64 | 1,317,850.50 | 0.00 | 0.00 | 16,217,135.68 |  |
| A-3 | 3.64600% | 115,000,000.00 | 75,739,345.66 | 0.00 | 230,121.38 | 230,121.38 | 0.00 | 0.00 | 75,739,345.66 |  |
| A-4 | 3.92300% | 215,535,000.00 | 215,535,000.00 | 0.00 | 704,619.84 | 704,619.84 | 0.00 | 0.00 | 215,535,000.00 |  |
| X-A | 0.60363% | 767,146,000.00 | 352,667,579.20 | 0.00 | 177,401.18 | 177,401.18 | 0.00 | 0.00 | 351,402,481.34 |  |
| A-S | 4.11000% | 43,911,000.00 | 43,911,000.00 | 0.00 | 150,395.18 | 150,395.18 | 0.00 | 0.00 | 43,911,000.00 | 100.00% |
| B | 4.43246% | 81,364,000.00 | 81,364,000.00 | 0.00 | 300,535.30 | 300,535.30 | 0.00 | 0.00 | 81,364,000.00 | 100.00% |
| PST | N/A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00% |
| C | 4.47546% | 61,991,000.00 | 61,991,000.00 | 0.00 | 231,198.33 | 231,198.33 | 0.00 | 0.00 | 61,991,000.00 | 100.00% |
| X-B | 0.28992% | 191,141,000.00 | 191,141,000.00 | 0.00 | 46,180.03 | 46,180.03 | 0.00 | 0.00 | 191,141,000.00 |  |
| X-C | 1.47546% | 43,910,000.00 | 43,910,000.00 | 0.00 | 53,989.40 | 53,989.40 | 0.00 | 0.00 | 43,910,000.00 |  |
| X-D | 1.47546% | 30,996,667.00 | 10,893,331.03 | 0.00 | 13,393.86 | 13,393.86 | 0.00 | 0.00 | 10,893,331.03 |  |
| D | 3.38900% | 47,786,000.00 | 47,786,000.00 | 0.00 | 134,955.63 | 134,955.63 | 0.00 | 0.00 | 47,786,000.00 |  |
| E | 3.00000% | 25,829,000.00 | 25,829,000.00 | 0.00 | 64,572.50 | 64,572.50 | 0.00 | 0.00 | 25,829,000.00 |  |
| F | 3.00000% | 18,081,000.00 | 18,081,000.00 | 0.00 | 57,616.56 | 57,616.56 | 0.00 | 0.00 | 18,081,000.00 |  |
| G | 3.00000% | 30,996,667.00 | 10,893,331.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10,893,331.03 |  |
| V | N/A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| R | N/A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| 300-A | 3.74900% | 67,400,000.00 | 67,400,000.00 | 0.00 | 196,530.91 | 196,530.91 | 0.00 | 0.00 | 67,400,000.00 |  |
| 300-B | 3.99600% | 39,000,000.00 | 39,000,000.00 | 0.00 | 121,212.00 | 121,212.00 | 0.00 | 0.00 | 39,000,000.00 |  |
| 300-C | 4.49000% | 57,000,000.00 | 57,000,000.00 | 0.00 | 199,056.67 | 199,056.67 | 0.00 | 0.00 | 57,000,000.00 |  |
| 300-D | 5.27900% | 49,000,000.00 | 49,000,000.00 | 0.00 | 201,188.56 | 201,188.56 | 0.00 | 0.00 | 49,000,000.00 |  |
| 300-E | 4.68959% | 32,000,000.00 | 32,000,000.00 | 0.00 | 116,718.79 | 116,718.79 | 0.00 | 0.00 | 32,000,000.00 |  |

Totals: 1,277,593,667.00 843,011,910.23 1,265,097.86 3,052,438.75 4,317,536.61 0.00 0.00 841,746,812.37

Page 1 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18  
Commercial Mortgage Pass-Through Certificates ,Series 2014-C18**

March 2023

# **PAYMENT DETAIL (EXCHANGE CERTIFICATES)**

| Class | Pass-Through Rate | Initial Class Certificate Balance | Beginning Class Certificate Balance | Principal Distribution Amount | Interest Distribution Amount | Total Distribution Amount | Collateral Support Deficit | Trust Advisor Expense | Ending Balance | Exchangeable Percent Outstanding |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  | A-S | 4.11000% | 43,911,000.00 | 43,911,000.00 | 0.00 | 150,395.18 | 150,395.18 | 0.00 | 0.00 | 43,911,000.00 | 100.00% |
| B | 4.43246% | 81,364,000.00 | 81,364,000.00 | 0.00 | 300,535.30 | 300,535.30 | 0.00 | 0.00 | 81,364,000.00 | 100.00% |  |  |
| PST | N/A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00% |  |  |
| C | 4.47546% | 61,991,000.00 | 61,991,000.00 | 0.00 | 231,198.33 | 231,198.33 | 0.00 | 0.00 | 61,991,000.00 | 100.00% |  |  |

Totals: 187,266,000.00 187,266,000.00 0.00 682,128.80 682,128.80 0.00 0.00 187,266,000.00

Page 2 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18  
Commercial Mortgage Pass-Through Certificates ,Series 2014-C18**

March 2023

# **FACTOR DETAIL**

| Class | Cusip | Beginning Class Certificate Balance | Principal Distribution Amount | Interest Distribution Amount | Total Distribution Amount | Realized Loss | Ending Class Certificate Balance |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  | A-1 | 61763XAA4 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
| A-2 | 61763XAB2 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |  |  |
| A-SB | 61763XAC0 | 0.25785005 | 0.01865926 | 0.00077806 | 0.01943732 | 0.00000000 | 0.23919079 |  |  |
| A-3 | 61763XAD8 | 0.65860301 | 0.00000000 | 0.00200106 | 0.00200106 | 0.00000000 | 0.65860301 |  |  |
| A-4 | 61763XAE6 | 1.00000000 | 0.00000000 | 0.00326917 | 0.00326917 | 0.00000000 | 1.00000000 |  |  |
| X-A | 61763XAG1 | 0.45971377 | 0.00000000 | 0.00023125 | 0.00023125 | 0.00000000 | 0.45806467 |  |  |
| A-S | 61763XAH9 | 1.00000000 | 0.00000000 | 0.00342500 | 0.00342500 | 0.00000000 | 1.00000000 |  |  |
| B | 61763XAJS | 1.00000000 | 0.00000000 | 0.00389371 | 0.00389371 | 0.00000000 | 1.00000000 |  |  |
| PST | 61763XAK2 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |  |  |
| C | 61763XAL0 | 1.00000000 | 0.00000000 | 0.00372955 | 0.00372955 | 0.00000000 | 1.00000000 |  |  |
| X-B | 61763XAM8 | 1.00000000 | 0.00000000 | 0.00024160 | 0.00024160 | 0.00000000 | 1.00000000 |  |  |
| X-C | 61763XAP1 | 1.00000000 | 0.00000000 | 0.00122955 | 0.00122955 | 0.00000000 | 1.00000000 |  |  |
| X-D | 61763XAR7 | 0.35143556 | 0.00000000 | 0.00043211 | 0.00043211 | 0.00000000 | 0.35143556 |  |  |
| D | 61763XAT3 | 1.00000000 | 0.00000000 | 0.00282417 | 0.00282417 | 0.00000000 | 1.00000000 |  |  |
| E | 61763XAV8 | 1.00000000 | 0.00000000 | 0.00250000 | 0.00250000 | 0.00000000 | 1.00000000 |  |  |
| F | 61763XAX4 | 1.00000000 | 0.00000000 | 0.00318658 | 0.00318658 | 0.00000000 | 1.00000000 |  |  |

| G | 61763XA29 | 0.35143556 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.35143556 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| V | 61763XBC9 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
| R | 61763XBD7 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
| 300-A | 61763XBF2 | 1.00000000 | 0.00000000 | 0.00291589 | 0.00291589 | 0.00000000 | 1.00000000 |
| 300-B | 61763XBH8 | 1.00000000 | 0.00000000 | 0.00310800 | 0.00310800 | 0.00000000 | 1.00000000 |
| 300-C | 61763XBK1 | 1.00000000 | 0.00000000 | 0.00349222 | 0.00349222 | 0.00000000 | 1.00000000 |
| 300-D | 61763XBM7 | 1.00000000 | 0.00000000 | 0.00410589 | 0.00410589 | 0.00000000 | 1.00000000 |
| 300-E | 61763XBP0 | 1.00000000 | 0.00000000 | 0.00364746 | 0.00364746 | 0.00000000 | 1.00000000 |

Page 3 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**  
 **Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

**March 2023**

# **PRINCIPAL DETAIL**

| Class | Beginning Balance | Scheduled Principal | Unscheduled Principal | Collateral Support Deficit Recovered | Collateral Support Deficit | Excess Trust Advisor Expenses | Ending Balance | Cumulative Realized Loss |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A-1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A-2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A-5B | 17,482,233.54 | 1,265,097.86 | 0.00 | 0.00 | 0.00 | 0.00 | 16,217,135.68 | 0.00 |
| A-3 | 75,739,345.66 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 75,739,345.66 | 0.00 |
| A-4 | 215,535,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 215,535,000.00 | 0.00 |
| A-5 | 43,911,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 43,911,000.00 | 0.00 |
| B | 81,364,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 81,364,000.00 | 0.00 |
| PST | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| C | 61,991,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 61,991,000.00 | 0.00 |
| D | 47,786,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 47,786,000.00 | 0.00 |
| E | 25,829,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 25,829,000.00 | 0.00 |
| F | 18,081,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18,081,000.00 | 0.00 |
| G | 10,893,331.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10,893,331.03 | 20,530,743.23 |
| 300-A | 67,400,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 67,400,000.00 | 0.00 |
| 300-B | 39,000,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 39,000,000.00 | 0.00 |
| 300-C | 57,000,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 57,000,000.00 | 0.00 |
| 300-D | 49,000,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 49,000,000.00 | 0.00 |
| 300-E | 32,000,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 32,000,000.00 | 0.00 |

Totals: 843,011,910.23 1,265,097.86 0.00 0.00 0.00 0.00 841,746,812.37 20,530,743.23

Page 4 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**  
 **Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

**March 2023**

# **INTEREST DETAIL**

| Class | Accrued Certificate Interest | Net Prepay Interest Shortfall | Interest Adjustment | Current Interest Shortfalls | Excess Interest | Yield Maintenance Charges/Prepayment Premium | Total Interest Distribution Amount | Cumulative Unpaid Interest Shortfall |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A-1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A-2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A-5B | 52,752.64 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 52,752.64 | 0.00 |
| A-3 | 230,121.38 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 230,121.38 | 0.00 |
| A-4 | 704,619.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 704,619.84 | 0.00 |
| X-A | 177,401.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 177,401.18 | 0.00 |
| A-S | 150,395.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 150,395.18 | 0.00 |
| B | 300,535.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 300,535.30 | 0.00 |

| PST | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| C | 231,198.33 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 231,198.33 | 0.00 |
| X-B | 46,180.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 46,180.03 | 0.00 |
| X-C | 53,989.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 53,989.40 | 0.00 |
| X-D | 13,393.86 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13,393.86 | 0.00 |
| D | 134,955.63 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 134,955.63 | 0.00 |
| E | 64,572.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 64,572.50 | 0.00 |
| F | 45,202.50 | 0.00 | (12,414.06) | (12,414.06) | 0.00 | 0.00 | 57,616.56 | 821,522.18 |
| G | 27,233.33 | 0.00 | 27,233.33 | 27,233.33 | 0.00 | 0.00 | 0.00 | 5,673,577.97 |
| V | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 300-A | 196,530.91 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 196,530.91 | 0.00 |
| B | 121,212.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 121,212.00 | 0.00 |
| 300-C | 199,056.67 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 199,056.67 | 0.00 |
| 300-D | 201,188.56 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 201,188.56 | 0.00 |
| 300-E | 116,718.79 | 0.00 | (0.00) | (0.00) | 0.00 | 0.00 | 116,718.79 | 73.01 |

Totals: 3,067,258.01 0.00 14,819.27 14,819.27 0.00 0.00 3,052,438.75 6,495,173.16

Page 5 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1 B**  
 **Commercial Mortgage Pass-Through Certificates, Series 2014-C1 B**

March 2023

# **RECONCILIATION OF FUNDS**

| Funds Collection |  | Funds Distribution |  |
| --- | --- | --- | --- |
| Interest |  | Fees |  |
| Scheduled Interest | 2,925,059.23 | Master Servicing Fee | 4,623.58 |
| Interest Adjustments | 0.00 | Certificate Administrator Fee | 1,315.23 |
| Deferred Interest | 0.00 | Trustee Fee | 1,315.23 |
| Net Prepayment Interest Shortfall | 0.00 | Custodian Fee | 0.00 |
| Net Prepayment Interest Excess | 0.00 | Trust Advisor Fee | 718.02 |
| Interest Reserve (Deposit)/Withdrawal | 149,183.44 | CREFC License Fee | 327.84 |
| Interest Collections | 3,074,242.67 | Special Servicing Fee | 14,819.26 |
|  |  | Workout Fee | 5,513.99 |
|  |  | Liquidation Fee | 0.00 |
|  |  | Special Serv Fee plus Adj. | 9,305.27 |
| Principal |  | Miscellaneous Fee | 0.00 |
| Scheduled Principal | 1,265,097.86 | Fee Distributions | 21,803.92 |
| Unscheduled Principal | 0.00 |  |  |
| Principal Adjustments | 0.00 | Additional Trust Fund Expenses |  |
| Principal Collections | 1,265,097.86 | Reimbursed for Interest on Advances | 0.00 |
|  |  | Net ASER Amount | 0.00 |
|  |  | Non-Recoverable Advances | 0.00 |
| Other |  | Other Expenses or Shortfalls | 0.00 |
| Yield Maintenance | 0.00 | Additional Trust Fund Expenses | 0.00 |
| Prepayment Premium | 0.00 |  |  |
| Other Collections | 0.00 | Payments to Certificateholders |  |
|  |  | Interest Distribution | 3,052,438.75 |
|  |  | Principal Distribution | 1,265,097.86 |
|  |  | Yield Maintenance | 0.00 |
| Available Distribution Amount | 4,317,536.61 | Prepayment Premium | 0.00 |
|  |  | Payments to Certificateholders | 4,317,536.61 |
| Total Collections | 4,339,340.53 | Total Distribution | 4,339,340.53 |

Page 6 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1B**  
 **Commercial Mortgage Pass-Through Certificates, Series 2014-C1B**

March 2023

# **ADDITIONAL RECONCILIATION DETAIL**

Interest Accrual Period 02/01/2023 - 02/28/2023

P&I Advances: (Mortgage Loans and 300 North LaSalle B Note)

| Stated Principal Balance (Mortgage Loans and 300 North LaSalle B Note) |  |  |  |
| --- | --- | --- | --- |
| Mortgage Loans |  | 300 North LaSalle B Note |  |
| Beginning | Ending | Beginning | Ending |
| 598,611,910.23 | 597,346,812.37 | 244,400,000.00 | 244,400,000.00 |

| Unpaid Principal Balance of the Mortgage Loans and 300 North LaSalle B Note |  |
| --- | --- |
| Mortgage Loans | 300 B-Note |
| 597,899,542.19 | 244,400,000.00 |

| Ending Loan Count | 48 |
| --- | --- |

| Mortgage Loans |  |
| --- | --- |
| Weighted Average Remaining Term to Maturity | 18 |
| Weighted Average Mortgage Rate | 4.1876% |

| 300 North LaSalle B Note |  |
| --- | --- |
| Weighted Average Remaining Term to Maturity | 17 |
| Weighted Average Mortgage Rate | 4.1051% |

| Specially Serviced Loans that are not Delinquent |  |
| --- | --- |
| Count | Balance |
| 0 | 0.00 |

| Current but not Specially Serviced Loans |  |
| --- | --- |
| (Foreclosure Proceedings Commenced, but not REO Property) |  |
| Count | Balance |
| 0.00 |  |

| Mortgage Loans | Master Servicer | Trustee |
| --- | --- | --- |
| Principal* | 0.00 | 0.00 |
| Interest* | 0.00 | 0.00 |
| Total Current Advances* | 1,864,840.03 | 0.00 |
| Int. on Advances* | 0.00 | 0.00 |

| 300 North LaSalle B Note | Master Servicer | Trustee |
| --- | --- | --- |
| Principal* | 0.00 | 0.00 |
| Interest* | 0.00 | 0.00 |
| Total Current Advances* | 0.00 | 0.00 |
| Int. on Advances* | 0.00 | 0.00 |

| Servicing Advances: | Master Servicer | Special Servicer | Trustee |
| --- | --- | --- | --- |
| Int. on Advances (Mtg. Loans) | 0.00 | 0.00 | 0.00 |
| Int. on Advances (300 B-Note) | 0.00 | 0.00 | 0.00 |

Disclosable Special Servicer Fees

| Commission | 0.00 |  |  |
| --- | --- | --- | --- |
| Brokerage Fee | 0.00 |  |  |
| Rebate | 0.00 |  |  |
| Shared Fee | 0.00 |  |  |
| Other | 0.00 |  |  |
| Distribution Amounts | Available Distribution Amt | Sched Prin Distribution Amt | Unsched Prin Distribution Amt |
| Total | 4,317,536.61 | 1,285,097.86 | 0.00 |
| Class 300 Certificates | 834,706.92 | 0.00 | 0.00 0 |

* Current advances are not provided by the Servicer

Page 7 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**
**Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

**March 2023**

# **HISTORICAL LOAN MODIFICATION REPORT**

| Loan ID | Ending Scheduled Balance | Ending Unpaid Balance | Comments |
| --- | --- | --- | --- |
| 4 | 52,974,747.39 | 52,974,747.38 | No comment provided |
| 13 | 22,263,053.62 | 22,263,053.62 | Forbearance agreement was executed with obligors on 12/31/20, providing for repayment of deferred monthly payments (June - Dec, 2020) from July to Dec, 2021. |
| 21 | 11,128,942.13 | 11,128,942.13 | Forbearance agreement was executed with obligors on 12/31/20, providing for repayment of deferred monthly payments (June - Dec, 2020) from July to Dec, 2021. |
| 48 | 4,501,029.32 | 4,501,029.33 | No comment provided |

Page 8 of 29

**Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**

Commercial Mortgage Pass-Through Certificates, Series 2014-C18

March 2023

# BOND/COLLATERAL REALIZED LOSS RECONCILIATION

| Loan ID | Period | Beginning Balance of the Loan at Liquidation | Aggregate Realized Loss on Loans | Prior Realized Loss Applied to Certificates A | Amounts Covered by Overcollateralization and other Credit Support B | Interest (Shortages) / Excesses applied to Realized Loss C | Modification Adjustments / Appraisal Reduction Adjustment D | Additional (Recoveries) / Expenses applied to Realized Loss E | Current Realized Loss Applied to Certificates* | Recoveries of Realized Losses paid as Cash | (Recoveries) / Loss to Certificate Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 14 | Jan 2018 |  | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 500.00 | 500.00 | 0.00 | 0.00 |
| 14 | Jun 2018 |  | 0.00 | 500.00 | 0.00 | 0.00 | 0.00 | 4,000.00 | 4,500.00 | 0.00 | 0.00 |
| 14 | Nov 2018 |  | 0.00 | 4,500.00 | 0.00 | 0.00 | 0.00 | 95,758.51 | 100,258.51 | 0.00 | 0.00 |
| 14 | Jan 2019 |  | 0.00 | 100,258.51 | 0.00 | 0.00 | 0.00 | (69,816.32) | 30,442.19 | 0.00 | 0.00 |
| 14 | Apr 2019 |  | 0.00 | 30,442.19 | 0.00 | 0.00 | 0.00 | 4,069.64 | 34,511.83 | 0.00 | 0.00 |
| 14 | Jun 2019 |  | 0.00 | 34,511.83 | 0.00 | 0.00 | 0.00 | 150.00 | 34,661.83 | 0.00 | 0.00 |
| 14 | Nov 2019 |  | 0.00 | 34,661.83 | 0.00 | 0.00 | 0.00 | (32,596.83) | 2,065.00 | 0.00 | 0.00 |
| 14 | Feb 2021 |  | 0.00 | 2,065.00 | 0.00 | 0.00 | 0.00 | 4,103.33 | 6,168.33 | 0.00 | 0.00 |
| 14 | Jun 2021 |  | 0.00 | 6,168.33 | 0.00 | 0.00 | 0.00 | 166.18 | 6,334.51 | 0.00 | 0.00 |
| 14 | Jul 2021 |  | 0.00 | 6,334.51 | 0.00 | 0.00 | 0.00 | 4,000.00 | 10,334.51 | 0.00 | 0.00 |
| 14 | Nov 2021 |  | 0.00 | 10,334.51 | 0.00 | 0.00 | 0.00 | 6,058.91 | 16,393.42 | 0.00 | 0.00 |
| 14 | Feb 2022 |  | 0.00 | 16,393.42 | 0.00 | 0.00 | 0.00 | 151,871.05 | 168,264.47 | 0.00 | 0.00 |
| 14 | Mar 2022 |  | 0.00 | 168,264.47 | 0.00 | 0.00 | 0.00 | 80,166.39 | 248,430.86 | 0.00 | 0.00 |
| 14 | Jun 2022 |  | 0.00 | 248,430.86 | 0.00 | 0.00 | 0.00 | 129,777.61 | 378,208.47 | 0.00 | 0.00 |
| 14 | Jul 2022 |  | 0.00 | 378,208.47 | 0.00 | 0.00 | 0.00 | 169.19 | 378,377.66 | 0.00 | 0.00 |
| 14 | Aug 2022 | 17,249,921.01 | 17,249,921.01 | 378,377.66 | 0.00 | 0.00 | 0.00 | 16,871,543.35 | 17,249,921.01 | 0.00 | 0.00 |
| 14 | Nov 2022 |  | 17,249,751.82 | 17,249,921.01 | 0.00 | 0.00 | 0.00 | (169.19) | 17,249,751.82 | 0.00 | 0.00 |
| 36 | Nov 2021 | 6,127,949.04 | 2,991,447.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,991,447.34 | 0.00 | 0.00 |
| 36 | Jan 2022 |  | 2,853,584.98 | 2,991,447.34 | 0.00 | 0.00 | 0.00 | (137,862.36) | 2,853,584.98 | 0.00 | 0.00 |
| Loan Count: | 2 | Totals: | 20,103,336.80 |  | 0.00 | 0.00 | 0.00 | 17,111,889.46 | 20,103,336.80 | 0.00 | 0.00 |

Description of Fields

*In the Initial Period the Current Realized Loss Applied to Certificates will equal Aggregate Realized Loss on Loans - B - C - D + E instead of A - C - D + E

- A: Prior Realized Loss Applied to Certificates
- B: Reduction to Realized Loss applied to bonds (could represent OC, insurance policies, reserve accounts, etc)
- C: Amounts classified by the Master as interest adjustments from general collections on a loan with a Realized Loss
- D: Adjustments that are based on principal haircut or future interest foregone due to modification
- E: Realized Loss Adjustments, Supplemental Recoveries or Expenses on a previously liquidated loan

Page 9 of 29

Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18
Commercial Mortgage Pass-Through Certificates, Series 2014-C18

March 2023

# HISTORICAL DELINQUENCY & LIQUIDATION SUMMARY (STATED BALANCE)

| Month | 30 Days Delinq (1) |  |  | 60 Days Delinq (1) |  |  | 90+ Days Delinq (1) |  |  | Bankruptcy |  |  | Foreclosure |  |  | REO |  |  | Prepayments/Liquidation |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Count | Balance | % (2) | Count | Balance | % (2) | Count | Balance | % (2) | Count | Balance | % (2) | Count | Balance | % (2) | Count | Balance | % (2) | Count | Balance | % (2) |
| Mar 2023 | 0 | 0.00 | 0.0% | 1 | 17,435,417.31 | 2.1% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 2 | 30,311,784.81 | 3.6% | 0 | 0.00 | 0.0% |
| Feb 2023 | 1 | 17,468,021.21 | 2.1% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 2 | 30,387,783.82 | 3.6% | 0 | 0.00 | 0.0% |
| Jan 2023 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 2 | 30,450,107.94 | 3.6% | 0 | 0.00 | 0.0% |
| Dec 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 2 | 30,512,150.29 | 3.6% | 0 | 0.00 | 0.0% |
| Nov 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 2 | 30,578,383.65 | 3.6% | 0 | 0.00 | 0.0% |
| Oct 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 24,857,932.98 | 2.9% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 5,781,913.03 | 8.7% | 0 | 0.00 | 0.0% |
| Sep 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 24,906,130.50 | 2.9% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 5,799,390.04 | 8.7% | 0 | 0.00 | 0.0% |
| Aug 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 24,950,444.14 | 2.9% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 5,815,963.92 | 8.7% | 1 | 17,249,921.01 | 2.0% |
| Jul 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 24,994,555.68 | 2.9% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 2 | 23,082,385.63 | 2.7% | 0 | 0.00 | 0.0% |
| Jun 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 25,042,150.14 | 2.9% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 2 | 23,099,646.62 | 2.7% | 0 | 0.00 | 0.0% |
| May 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 25,085,843.45 | 2.9% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 2 | 23,115,998.26 | 2.7% | 0 | 0.00 | 0.0% |
| Apr 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 25,133,034.95 | 2.9% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 2 | 23,133,115.61 | 2.7% | 0 | 0.00 | 0.0% |
| Mar 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 25,175,313.77 | 2.9% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 2 | 23,149,319.48 | 2.7% | 0 | 0.00 | 0.0% |
| Feb 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 25,230,530.75 | 2.9% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 2 | 23,167,978.11 | 2.7% | 1 | 4,527,824.01 | 0.5% |
| Jan 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 25,273,364.94 | 2.9% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 2 | 23,184,028.05 | 2.6% | 0 | 0.00 | 0.0% |

(1) Exclusive of loans in Bankruptcy, Foreclosure and REO

(2) Percentage in relation to Ending Scheduled Balance

Page 10 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**
**Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

March 2023

# **Delinquency Summary Report**

| All Groups |  | Current | 30 - 59 days | 60 - 89 days | 90 - 120 days | 121 + days | TOTAL | 121 + days |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Delinquent | Loan Count | 45 | 0 | 1 | 0 | 0 | 48 | 60 - 89 days |
|  | Sched Bal | 795,999,610.25 | 0.00 | 17,435,417.31 | 0.00 | 0.00 | 811,435,827.56 |  |
|  | Percentage* | 94.33% | 0.00% | 2.07% | 0.00% | 0.00% | 99.40% |  |
| Bankruptcy | Actual Bal | 795,999,610.28 | 0.00 | 17,519,832.60 | 0.00 | 0.00 | 811,519,442.88 |  |
|  | Loan Count | 0 | 0 | 0 | 0 | 0 | 0 |  |
|  | Sched Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| Foreclosure | Percentage* | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |  |
|  | Actual Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
|  | Loan Count | 0 | 0 | 0 | 0 | 0 | 0 |  |
| REO | Sched Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
|  | Percentage* | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |  |
|  | Actual Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| TOTAL | Loan Count | 1 | 0 | 0 | 0 | 1 | 2 |  |
|  | Sched Bal | 5,694,255.72 | 0.00 | 0.00 | 0.00 | 24,617,529.09 | 38,311,784.01 |  |
|  | Percentage* | 0.68% | 0.00% | 0.00% | 0.00% | 2.52% | 3.60% |  |
| TOTAL | Actual Bal | 5,694,255.73 | 0.00 | 0.00 | 0.00 | 25,085,843.58 | 30,780,099.31 |  |
|  | Loan Count | 48 | 0 | 1 | 0 | 1 | 48 |  |
|  | Sched Bal | 795,693,865.87 | 0.00 | 17,435,417.31 | 0.00 | 24,617,529.09 | 841,746,812.37 |  |
| Group 1 | Percentage* | 96.00% | 0.00% | 2.07% | 0.00% | 2.92% | 100.00% |  |
|  | Actual Bal | 795,693,866.01 | 0.00 | 17,519,832.60 | 0.00 | 25,085,843.58 | 842,299,542.19 |  |
|  | Current | 95.0% |  |  |  |  |  |  |
| Delinquent | Loan Count | 44 | 0 | 1 | 0 | 0 | 45 | 60 - 89 days |
|  | Sched Bal | 549,599,610.25 | 0.00 | 17,435,417.31 | 0.00 | 0.00 | 567,535,027.56 |  |
|  | Percentage* | 32.03% | 0.00% | 2.92% | 0.00% | 0.00% | 34.02% |  |
| Bankruptcy | Actual Bal | 549,599,610.28 | 0.00 | 17,519,832.60 | 0.00 | 0.00 | 567,119,442.88 |  |
|  | Loan Count | 0 | 0 | 0 | 0 | 0 | 0 |  |
|  | Sched Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| Foreclosure | Percentage* | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |  |
|  | Actual Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
|  | Loan Count | 0 | 0 | 0 | 0 | 0 | 0 |  |
| REO | Sched Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
|  | Percentage* | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |  |
|  | Actual Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| TOTAL | Loan Count | 1 | 0 | 0 | 0 | 1 | 2 |  |
|  | Sched Bal | 5,694,255.72 | 0.00 | 0.00 | 0.00 | 24,617,529.09 | 38,311,784.01 |  |
|  | Percentage* | 0.00% | 0.00% | 0.00% | 0.00% | 4.12% | 3.60% |  |
| TOTAL | Actual Bal | 5,694,255.73 | 0.00 | 0.00 | 0.00 | 25,085,843.58 | 30,780,099.31 |  |
|  | Loan Count | 48 | 0 | 1 | 0 | 1 | 47 |  |
|  | Sched Bal | 555,293,865.87 | 0.00 | 17,435,417.31 | 0.00 | 24,617,529.09 | 597,346,812.37 |  |
| Group 2 | Percentage* | 92.90% | 0.00% | 2.92% | 0.00% | 4.12% | 100.00% |  |
|  | Actual Bal | 555,293,866.01 | 0.00 | 17,519,832.60 | 0.00 | 25,085,843.58 | 597,899,542.19 |  |
|  | Current | 95.0% |  |  |  |  |  |  |
| Delinquent | Loan Count | 44 | 0 | 1 | 0 | 0 | 45 | 60 - 89 days |
|  | Sched Bal | 549,599,610.25 | 0.00 | 17,435,417.31 | 0.00 | 24,617,529.09 | 597,346,812.37 |  |
|  | Percentage* | 32.03% | 0.00% | 2.92% | 0.00% | 4.12% | 100.00% |  |
| Bankruptcy | Actual Bal | 549,599,610.28 | 0.00 | 17,519,832.60 | 0.00 | 25,085,843.58 | 847,099,542.19 |  |
|  | Loan Count | 0 | 0 | 0 | 0 | 0 | 0 |  |
|  | Sched Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| Foreclosure | Percentage* | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |  |
|  | Actual Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
|  | Loan Count | 0 | 0 | 0 | 0 | 0 | 0 |  |
| REO | Sched Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
|  | Percentage* | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |  |
|  | Actual Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| Total | Loan Count | 0 | 0 | 0 | 0 | 0 | 0 |  |
|  | Sched Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
|  | Percentage* | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |  |
| Total | Actual Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
|  | Loan Count | 0 | 0 | 0 | 0 | 0 | 0 |  |
|  | Sched Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| Total | Percentage* | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |  |
|  | Actual Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
|  | Loan Count | 1 | 0 | 0 | 0 | 0 | 1 |  |
| Group 2 | Sched Bal | 244,400,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 244,400,000.00 |  |
|  | Percentage* | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 100.00% |  |
|  | Actual Bal | 244,400,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 244,400,000.00 |  |

Page 11 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**
**Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

March 2023

# **Delinquency Summary Report**

| Group 2 |  | Current | 30 - 59 days | 60 - 89 days | 90 - 120 days | 121 + days | TOTAL |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Delinquent | Loan Count | 1 | 0 | 0 | 0 | 0 | 1 |  |
|  | Sched Bal | 244,400,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 244,400,000.00 |  |
|  | Percentage* | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 100.00% |  |
| Bankruptcy | Actual Bal | 244,400,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 244,400,000.00 |  |
|  | Loan Count | 0 | 0 | 0 | 0 | 0 | 0 |  |
|  | Sched Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| Foreclosure | Percentage* | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |  |
|  | Actual Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
|  | Loan Count | 0 | 0 | 0 | 0 | 0 | 0 |  |
| REO | Sched Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
|  | Percentage* | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |  |
|  | Actual Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| Total | Loan Count | 0 | 0 | 0 | 0 | 0 | 0 |  |
|  | Sched Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
|  | Percentage* | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |  |
| Total | Actual Bal | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
|  | Loan Count | 1 | 0 | 0 | 0 | 0 | 1 |  |
|  | Sched Bal | 244,400,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 244,400,000.00 |  |
| Group 2 | Percentage* | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 100.00% |  |
|  | Actual Bal | 244,400,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 244,400,000.00 |  |
|  | Current | 100.0% |  |  |  |  |  |  |

* Percentages are based on scheduled balance as a percent of total post scheduled balance.

Page 12 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18  
Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

**March 2023**

# **REO STATUS REPORT**

| Loan ID | State | City | Property Type | Book Value | Ending Scheduled Loan | REO Date | Total Exposure | Appraisal Value | Appraisal Date | Date Asset Expected to be Resolved or Foreclosed | REO Revenue and Other Amounts | Type * |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 11 | XX | Various | Various | 28,500,000.00 | 24,617,529.09 | 11/04/2022 | 26,878,124.40 | 27,200,000.00 | 11/09/2022 |  | 1,406,583.00 |  |
| 14 | ND | Williston | Lodging | 20,000,000.00 | 0.00 | 06/02/2017 | 0.00 | 0.00 |  |  | 0.00 | 3 |
| 35 | LA | Lake Charles | Lodging | 7,140,000.00 | 5,694,255.72 | 09/01/2021 | 5,704,372.92 | 7,200,000.00 | 10/24/2022 | 05/31/2023 | 1,221,595.00 |  |
| 36 | IN | Warsaw | Retail | 7,000,000.00 | 0.00 | 07/28/2020 | 0.00 | 0.00 |  |  | 0.00 | 3 |
| Count: | 4 | Totals: |  | 62,640,000.00 | 30,311,784.81 |  | 32,582,497.32 | 34,400,000.00 |  |  | 2,628,178.00 |  |

(*) Legend: (1) Partial Liab (Curtailment), (2) Payoff Prior To Maturity, (3) Disposition / Liquidation, (4) Repurchase/ Substitution, (5) Full Payoff At Maturity, (6) DPO, (7) Liquidated, (8) Payoff w/ penalty, (9) Payoff w/ yield Maintenance, (10) Curtailment w/ Penalty, (11) Curtailment w/ Yield Maintenance

Page 13 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18  
Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

**March 2023**

# **HISTORICAL LIQUIDATION LOSS LOAN DETAIL**

| Loan ID | Liquidation Month | Liquidation / Prepayment Code * | Current Beginning Scheduled Balance | Most Recent Value ** | Net Proceeds Received on Liquidation | Liquidation Expense | Net Proceeds Available for Distribution | Realized Loss to Trust |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 14 | Aug 2022 | 3 | 17,249,921.01 | 3,610,000.00 | 3,982,463.00 | 3,982,293.81 | 169.19 | 17,249,751.82 |
| 36 | Nov 2021 | 3 | 6,127,949.04 | 3,140,000.00 | 3,586,352.27 | 311,988.21 | 3,274,364.86 | 2,853,584.98 |
| Count: | 2 | Totals: | 23,377,870.05 | 6,750,000.00 | 7,568,815.27 | 4,294,282.02 | 3,274,533.25 | 20,103,336.80 |

* Liquidation / Prepayment Code: 1 - Partial Liab (Curtailment); 2 - Payoff Prior To Maturity; 3 - Disposition / Liquidation; 4 - Repurchase/ Substitution; 5 - Full Payoff At Maturity; 6 - DPO; 7 - Liquidated; 8 - Payoff w/ penalty; 9 - Payoff w/ yield Maintenance; 10 - Curtailment w/ Penalty; 11 - Curtailment w/ Yield Maintenance

** Reported as of liquidation period. If not provided by the services. Most Recent Value is as of cutoff.

Page 14 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**  
 **Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

**March 2023**

# **INTEREST ADJUSTMENT RECONCILIATION**

| Loan ID | Current Ending Scheduled Balance | Special Servicing Fee Amount plus Adjustments | Liquidation Fee Amount | Workout Fee Amount | Most Recent Net ASER Amount | Prepayment Interest (Excess)/ Shortfall * | Non- Recoverable (Scheduled Interest Not Advanced)** | Reimbursed Interest on Advances | Modified Interest Rate Reduction/ (Excess) | Reimbursement of Advances to Servicer |  | Other Shortfalls/ (Refunds) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  | Current Month | Outstanding |  |
| 4 | 52,974,747.39 | 0.00 | 0.00 | 3,020.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11 | 24,617,529.09 | 4,797.72 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 13 | 22,263,053.62 | 0.00 | 0.00 | 1,325.76 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 16 | 17,435,417.31 | 3,396.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 21 | 11,128,942.13 | 0.00 | 0.00 | 659.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 27 | 8,276,121.43 | 0.00 | 0.00 | 508.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 35 | 5,694,255.72 | 1,111.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Count: | 7 |  |  |  |  |  |  |  |  |  |  |  |
| Totals: | 142,390,066.69 | 9,305.27 | 0.00 | 5,513.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |

**Total Interest Shortfall hitting the Trust: 14,819.26**

*Total shortfall may not match impact to bonds due to, but not limited to, the net effect of PPIE and Master Servicing fees received as per the governing documents.

**In some cases, the Servicer does not withhold their Servicing Fees on Non-Recoverable loans.

Page 15 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**  
 **Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

**March 2023**

# **APPRAISAL REDUCTION REPORT**

| Loan ID | Property Name | Paid Through Date | ARA (Appraisal Reduction Amount) | ARA Date | Most Recent Value | Most Recent Valuation Date | Most Recent Net ASER Amount | Cumulative ASER Amount |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 11 |  | 05/01/2022 | 1,670,423.10 | 02/13/2023 | 27,200,000.00 | 11/09/2022 | 0.00 | 165,145.94 |
| 35 |  | 03/01/2023 | 0.00 | 04/11/2022 | 7,200,000.00 | 10/24/2022 | 0.00 | 10,115.25 |
| Count: | 2 | Totals: | 1,670,423.10 |  | 34,400,000.00 |  | 0.00 | 175,261.19 |

Page 16 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**
**Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

March 2023

# **LOAN LEVEL DETAIL**

| Loan ID | Property Type | Transfer Date | Stat | Maturity Date | Neg Am | End Schedule Balance | Note Rate | Sched P&I | Prepay Adj | Prepay Date | Paid Thru | Prepay Premium | Loan Status ** | Interest Payment | Yield Maint Charges | PFY Operating DSCR | Operating Stmt |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | Retail |  | XX | 08/01/19 |  |  |  |  |  | 07/01/19 |  |  |  |  |  |  |  |
| 2 | Office |  | IL | 08/01/24 | N | 86,618,214.00 | 3.450 | 618,062.32 | 0.00 |  | 03/10/23 | 0.00 | 0 | 233,457.56 | 0.00 | 2.93 | 06/30/22 |
| 2A | Office |  |  | 08/01/24 | N | 244,400,000.00 | 4.398 | 836,081.27 | 0.00 |  | 03/10/23 | 0.00 | 0 | 836,081.27 | 0.00 | 0.00 |  |
| 3 | Retail |  | CA | 10/01/24 | N | 60,500,000.00 | 4.630 | 217,867.22 | 0.00 |  | 03/01/23 | 0.00 | 0 | 217,867.22 | 0.00 | 1.14 | 12/31/21 |
| 4 | Various | 04/16/20 | XX | 08/01/24 | N | 52,974,747.39 | 4.657 | 302,001.28 | 0.00 |  | 03/01/23 | 0.00 | 0 | 192,283.73 | 0.00 | 0.00 |  |
| 5 | Office |  | CA | 08/01/19 |  |  |  |  |  | 05/30/19 |  |  |  |  |  |  |  |
| 6 | Office |  | PR | 09/01/24 | N | 35,320,429.42 | 4.378 | 199,737.70 | 0.00 |  | 03/01/23 | 0.00 | 0 | 120,484.79 | 0.00 | 2.10 | 12/31/21 |
| 7 | Various |  | XX | 09/01/19 |  |  |  |  |  | 06/28/19 |  |  |  |  |  |  |  |
| 8 | Multifamily |  | TN | 02/01/24 |  |  |  |  |  | 08/16/21 |  |  |  |  |  |  |  |
| 9 | Retail |  | VA | 07/01/26 | N | 28,238,267.64 | 5.040 | 167,173.36 | 0.00 |  | 03/01/23 | 0.00 | 0 | 110,914.54 | 0.00 | 1.32 | 12/31/22 |
| 10 | Office |  | CA | 09/01/24 | N | 28,500,000.00 | 4.500 | 99,750.00 | 0.00 |  | 03/01/23 | 0.00 | 0 | 99,750.00 | 0.00 | 0.00 |  |
| 11 | Various | 12/16/19 | XX | 10/01/19 | N | 24,617,529.09 | 5.320 | 158,623.42 | 0.00 |  | 05/01/22 | 0.00 | 6 | 102,103.79 | 0.00 | 0.00 |  |
| 12 | Retail |  | CA | 10/01/19 |  |  |  |  |  | 09/03/19 |  |  |  |  |  |  |  |
| 13 | Various | 04/16/20 | XX | 08/01/24 | N | 22,263,053.62 | 4.900 | 132,575.53 | 0.00 |  | 03/01/23 | 0.00 | 0 | 85,028.18 | 0.00 | 1.74 | 12/31/22 |
| 14 | Lodging |  | ND | 09/01/24 |  |  |  |  |  | 07/15/22 |  |  |  |  |  |  |  |
| 15 | Multifamily |  | OH | 08/01/19 |  |  |  |  |  | 05/01/19 |  |  |  |  |  |  |  |
| 16 | Office | 02/01/23 | CA | 09/01/24 | N | 17,435,417.31 | 4.498 | 93,714.80 | 0.00 |  | 12/01/22 | 0.00 | 2 | 61,110.90 | 0.00 | 0.08 | 12/31/21 |
| 17 | Mixed Use |  | NC | 07/01/24 |  |  |  |  |  | 09/30/20 |  |  |  |  |  |  |  |
| 18 | Retail |  | CA | 08/01/24 | N | 15,494,098.57 | 4.310 | 81,750.70 | 0.00 |  | 03/01/23 | 0.00 | 0 | 52,039.26 | 0.00 | 2.39 | 12/31/22 |
| 19 | Various |  | XX | 07/01/24 | N | 14,111,371.77 | 4.600 | 76,896.66 | 0.00 |  | 03/01/23 | 0.00 | 0 | 50,581.50 | 0.00 | 1.98 | 12/31/21 |
| 20 | Office |  | CA | 09/01/24 | N | 12,867,824.91 | 4.360 | 71,022.13 | 0.00 |  | 03/01/23 | 0.00 | 0 | 43,728.78 | 0.00 | 1.90 | 12/31/22 |
| 21 | Various | 04/16/20 | XX | 08/01/24 | N | 11,128,942.13 | 4.850 | 65,961.48 | 0.00 |  | 03/01/23 | 0.00 | 0 | 42,070.96 | 0.00 | 1.46 | 12/31/22 |
| 22 | Office |  | NC | 09/01/24 | N | 9,736,412.36 | 4.810 | 58,698.92 | 0.00 |  | 03/01/23 | 0.00 | 0 | 36,508.02 | 0.00 | 1.67 | 12/31/21 |
| 23 | Industrial |  | CA | 10/01/24 | N | 9,878,182.37 | 4.652 | 57,248.99 | 0.00 |  | 03/01/23 | 0.00 | 0 | 35,819.00 | 0.00 | 0.00 |  |
| 24 | Office |  | FL | 10/01/24 | N | 9,838,606.83 | 4.900 | 58,379.94 | 0.00 |  | 03/01/23 | 0.00 | 0 | 37,575.31 | 0.00 | 1.90 | 09/30/22 |
| 25 | Multifamily |  | NV | 07/01/19 |  |  |  |  |  | 03/27/17 |  |  |  |  |  |  |  |
| 26 | Multifamily |  | CA | 09/01/24 | N | 9,885,047.01 | 4.400 | 52,579.90 | 0.00 |  | 03/01/23 | 0.00 | 0 | 33,892.78 | 0.00 | 1.86 | 12/31/22 |
| 27 | Lodging | 04/09/20 | TX | 09/01/24 | N | 8,276,121.43 | 4.750 | 50,860.62 | 0.00 |  | 03/01/23 | 0.00 | 0 | 30,650.34 | 0.00 | 3.10 | 12/31/22 |
| 28 | Lodging |  | MS | 08/01/24 | N | 7,999,829.09 | 4.540 | 48,361.16 | 0.00 |  | 03/01/23 | 0.00 | 0 | 28,319.06 | 0.00 | 0.00 |  |
| 29 | Multifamily |  | NV | 07/01/19 |  |  |  |  |  | 04/01/19 |  |  |  |  |  |  |  |
| 30 | Retail |  | LA | 08/01/24 | N | 8,072,661.49 | 4.482 | 44,241.43 | 0.00 |  | 03/01/23 | 0.00 | 0 | 28,197.23 | 0.00 | 1.84 | 12/31/22 |
| 31 | Office |  | VA | 09/01/24 | N | 7,316,374.83 | 4.910 | 43,597.41 | 0.00 |  | 03/01/23 | 0.00 | 0 | 27,431.85 | 0.00 | 2.17 | 12/31/21 |
| 32 | Various |  | XX | 09/01/24 | N | 7,030,566.87 | 4.893 | 43,749.86 | 0.00 |  | 03/01/23 | 0.00 | 0 | 26,820.42 | 0.00 | 0.00 |  |
| 33 | Mixed Use |  | CT | 09/01/24 | N | 8,000,000.00 | 4.860 | 30,240.00 | 0.00 |  | 03/01/23 | 0.00 | 0 | 30,240.00 | 0.00 | 1.59 | 12/31/22 |
| 34 | Retail |  | FL | 07/01/24 | N | 6,662,679.22 | 4.610 | 40,610.29 | 0.00 |  | 03/01/23 | 0.00 | 0 | 23,949.15 | 0.00 | 2.36 | 12/31/22 |
| 35 | Lodging | 03/26/20 | LA | 09/01/24 | N | 5,694,255.72 | 5.150 | 42,366.06 | 0.00 |  | 03/01/23 | 0.00 | 0 | 22,886.68 | 0.00 | 0.00 |  |
| 36 | Retail |  | IN | 08/01/24 |  |  |  |  |  | 10/20/21 |  |  |  |  |  |  |  |
| 37 | Multifamily |  | OK | 09/01/24 | N | 5,574,923.55 | 4.430 | 33,305.48 | 0.00 |  | 03/01/23 | 0.00 | 0 | 19,257.11 | 0.00 | 2.23 | 12/31/22 |
| 38 | Office |  | IN | 08/01/24 | N | 5,781,569.75 | 4.360 | 32,705.07 | 0.00 |  | 03/01/23 | 0.00 | 0 | 19,650.22 | 0.00 | 1.31 | 12/31/21 |
| 39 | Retail |  | TX | 09/01/24 | N | 5,227,591.91 | 4.512 | 31,458.71 | 0.00 |  | 03/01/23 | 0.00 | 0 | 18,391.22 | 0.00 | 1.40 | 12/31/21 |
| 40 | Mobile Home |  | CA | 08/01/24 | N | 6,000,000.00 | 4.480 | 20,906.67 | 0.00 |  | 03/01/23 | 0.00 | 0 | 20,906.67 | 0.00 | 3.22 | 12/31/21 |

Page 17 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**
**Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

March 2023

# **LOAN LEVEL DETAIL**

| Loan ID | Property Type | Transfer Date | Stat | Maturity Date | Neg Am | End Schedule Balance | Note Rate | Sched P&I | Prepay Adj | Prepay Date | Paid Thru | Prepay Premium | Loan Status ** | Interest Payment | Yield Maint Charges | PFY Operating DSCR | Operating Stmnt |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 41 | Mobile Home |  | CO | 09/01/24 | N | 5,470,849.31 | 4.575 | 29,646.78 | 0.00 |  | 03/01/23 | 0.00 | 0 | 19,503.20 | 0.00 | 0.00 |  |
| 42 | Multifamily |  | TX | 09/01/24 | N | 4,859,306.92 | 4.670 | 29,653.48 | 0.00 |  | 03/01/23 | 0.00 | 0 | 17,693.52 | 0.00 | 2.53 | 12/31/22 |
| 43 | Multifamily |  | TX | 08/01/21 |  |  |  |  |  | 05/25/18 |  |  |  |  |  |  |  |
| 44 | Office |  | CA | 08/01/24 |  |  |  |  |  | 05/16/18 |  |  |  |  |  |  |  |
| 45 | Office |  | NC | 08/01/24 |  |  |  |  |  | 03/23/21 |  |  |  |  |  |  |  |
| 46 | Retail |  | CA | 08/01/24 | N | 5,200,000.00 | 4.333 | 17,524.58 | 0.00 |  | 03/01/23 | 0.00 | 0 | 17,524.58 | 0.00 | 2.09 | 12/31/21 |
| 47 | Self Storage |  | CA | 09/01/24 |  |  |  |  |  | 02/01/22 |  |  |  |  |  |  |  |
| 48 | Lodging |  | FL | 08/01/24 | N | 4,501,029.32 | 5.000 | 27,055.81 | 0.00 |  | 03/01/23 | 0.00 | 0 | 17,541.00 | 0.00 | 0.00 |  |
| 49 | Office |  | VA | 08/01/24 | N | 4,336,624.12 | 4.700 | 25,931.89 | 0.00 |  | 03/01/23 | 0.00 | 0 | 15,889.48 | 0.00 | 2.29 | 12/31/22 |
| 50 | Multifamily |  | GA | 09/01/19 |  |  |  |  |  | 08/28/19 |  |  |  |  |  |  |  |
| 51 | Retail |  | TX | 08/01/24 | N | 4,204,361.39 | 4.490 | 25,304.57 | 0.00 |  | 03/01/23 | 0.00 | 0 | 14,719.53 | 0.00 | 1.51 | 12/31/22 |
| 52 | Retail |  | KS | 07/01/24 | N | 3,934,514.04 | 4.232 | 23,194.40 | 0.00 |  | 03/01/23 | 0.00 | 0 | 12,984.28 | 0.00 | 1.81 | 12/31/21 |
| 53 | Various |  | XX | 07/01/24 | N | 3,515,051.81 | 4.673 | 25,456.39 | 0.00 |  | 03/01/23 | 0.00 | 0 | 12,821.57 | 0.00 | 1.78 | 12/31/21 |
| 54 | Retail |  | VA | 08/01/24 | N | 3,651,212.49 | 4.428 | 21,855.11 | 0.00 |  | 03/01/23 | 0.00 | 0 | 12,606.63 | 0.00 | 1.44 | 12/31/21 |
| 55 | Retail |  | UT | 08/01/24 | N | 4,200,000.00 | 4.610 | 15,059.33 | 0.00 |  | 03/01/23 | 0.00 | 0 | 15,059.33 | 0.00 | 1.83 | 12/31/21 |
| 56 | Multifamily |  | TN | 08/01/24 |  |  |  |  |  | 06/11/18 |  |  |  |  |  |  |  |
| 57 | Retail |  | NC | 08/01/24 | N | 3,486,079.80 | 4.455 | 20,916.62 | 0.00 |  | 03/01/23 | 0.00 | 0 | 12,109.78 | 0.00 | 1.58 | 12/31/22 |
| 58 | Retail |  | AZ | 07/01/24 | N | 3,478,209.61 | 4.450 | 20,904.33 | 0.00 |  | 03/01/23 | 0.00 | 0 | 12,069.05 | 0.00 | 0.00 |  |
| 59 | Multifamily |  | FL | 09/01/24 | N | 3,614,201.08 | 4.750 | 20,735.48 | 0.00 |  | 03/01/23 | 0.00 | 0 | 13,379.64 | 0.00 | 0.00 |  |
| 60 | Various |  | XX | 09/01/24 | N | 3,041,081.26 | 4.700 | 20,420.83 | 0.00 |  | 03/01/23 | 0.00 | 0 | 11,150.73 | 0.00 | 0.00 |  |
| 61 | Retail |  | AZ | 09/01/24 | N | 2,568,524.66 | 4.850 | 18,716.23 | 0.00 |  | 03/01/23 | 0.00 | 0 | 9,722.97 | 0.00 | 0.00 |  |
| 62 | Retail |  | NV | 09/01/24 | N | 2,504,057.04 | 4.750 | 15,388.60 | 0.00 |  | 03/01/23 | 0.00 | 0 | 9,273.69 | 0.00 | 1.59 | 12/31/22 |
| 63 | Office |  | IL | 07/01/19 |  |  |  |  |  | 04/01/19 |  |  |  |  |  |  |  |
| 64 | Multifamily |  | KS | 09/01/24 | N | 1,856,584.06 | 4.230 | 10,805.09 | 0.00 |  | 03/01/23 | 0.00 | 0 | 6,123.86 | 0.00 | 2.22 | 12/31/22 |
| 65 | Self Storage |  | FL | 09/01/24 | N | 1,880,407.18 | 4.700 | 10,969.19 | 0.00 |  | 03/01/23 | 0.00 | 0 | 6,888.85 | 0.00 | 0.00 |  |
| Count: | 65 Totals: |  |  |  |  | 841,746,812.37 |  | 4,190,157.09 | 0.00 |  |  | 0.00 |  | 2,925,059.23 | 0.00 |  |  |

* If State field is blank or 'XX', loan has properties in multiple states.

** Loan Status: A = Payment not received but still in grace period; B = Late Payment but less than 30 days delinquent; 0 = Current; 1 = 30-59 Days Delinquent; 2 = 60-89 Days Delinquent; 3 = 90-120 Days Delinquent; 4 = Performing Matured Balloon; 5 = Non-Performing Matured Balloon; 6 = 121+ Days Delinquent; R = Repurchased.

Page 18 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**
**Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

March 2023

# **MATERIAL BREACHES AND DOCUMENT DEFECTS**

| Loan ID | Ending Principal Balance | Material Breach Date | Date Received Notice | Description |
| --- | --- | --- | --- | --- |

**Count: Totals:**

Page 19 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**
**Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

March 2023

# **MORTGAGE LOAN CHARACTERISTICS**

# **Remaining Principal Balance**

|  | Count | Balance ($) | % |
| --- | --- | --- | --- |
| 0M to 4.9M | 16 | $55,631,244.78 | 6.61% |
| 5M to 9.9M | 18 | $131,645,671.74 | 15.64% |
| 10M to 14.9M | 3 | $38,108,138.81 | 4.53% |
| 15M to 19.9M | 2 | $32,929,515.88 | 3.91% |
| 20M to 24.9M | 2 | $46,880,582.71 | 5.57% |
| 25M to 29.9M | 2 | $56,738,267.64 | 6.74% |
| 35M to 39.9M | 1 | $35,320,429.42 | 4.20% |
| 50M to 54.9M | 1 | $52,974,747.39 | 6.29% |
| 60M to 64.9M | 1 | $60,500,000.00 | 7.19% |
| 85M to 89.9M | 1 | $86,618,214.00 | 10.29% |
| 240M to 244.9M | 1 | $244,400,000.00 | 29.03% |
| Total | 48 | $841,746,812.37 | 100.00% |

![img-0.jpeg](img-0.jpeg)

# **Gross Rate**

|  | Count | Balance ($) | % |
| --- | --- | --- | --- |
| 3.250% - 3.490% | 1 | $86,618,214.00 | 10.29% |
| 4.000% - 4.240% | 2 | $5,791,098.10 | 0.69% |
| 4.250% - 4.490% | 15 | $380,851,935.30 | 45.25% |
| 4.500% - 4.740% | 15 | $213,157,722.35 | 25.32% |
| 4.750% - 4.990% | 11 | $92,276,860.85 | 10.96% |
| 5.000% - 5.240% | 3 | $38,433,552.68 | 4.57% |
| 5.250% - 5.490% | 1 | $24,617,529.09 | 2.92% |
| Total | 48 | $841,746,812.37 | 100.00% |

Total Weighted Average Rate: 4.46%

![img-1.jpeg](img-1.jpeg)

Page 20 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**
**Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

March 2023

# **MORTGAGE LOAN CHARACTERISTICS**

# **Geographic Distribution by State**

|  | Count | Balance ($) | % |
| --- | --- | --- | --- |
| UNDEFINED | 1 | $244,400,000.00 | 29.03% |
| CALIFORNIA | 9 | $165,760,570.17 | 19.69% |
| VARIOUS | 8 | $138,682,343.94 | 16.48% |
| ILLINOIS | 1 | $86,618,214.00 | 10.29% |
| VIRGINIA | 4 | $43,542,479.08 | 5.17% |
| PUERTO RICO | 1 | $35,320,429.42 | 4.20% |
| FLORIDA | 5 | $26,496,923.63 | 3.15% |
| TEXAS | 4 | $22,567,381.65 | 2.68% |
| LOUISIANA | 2 | $13,766,917.21 | 1.64% |
| NORTH CAROLINA | 2 | $13,222,492.16 | 1.57% |
| CONNECTICUT | 1 | $8,000,000.00 | 0.95% |
| MISSISSIPPI | 1 | $7,999,829.09 | 0.96% |
| ARIZONA | 2 | $6,046,734.27 | 0.72% |
| KANSAS | 2 | $5,791,098.10 | 0.69% |
| INDIANA | 1 | $5,781,569.75 | 0.69% |
| OKLAHOMA | 1 | $5,574,923.55 | 0.66% |
| COLORADO | 1 | $5,470,849.31 | 0.65% |
| UTAH | 1 | $4,200,000.00 | 0.50% |
| NEVADA | 1 | $2,504,057.04 | 0.30% |
| Total | 48 | $841,746,812.37 | 100.00% |

![img-2.jpeg](img-2.jpeg)

# **Property Type**

|  | Count | Balance ($) | % |
| --- | --- | --- | --- |
| Industrial | 1 | $9,878,182.37 | 1.17% |
| Leisure | 4 | $26,471,235.56 | 3.14% |

Individual
17 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100

Industrial 1.2%
Leisure 1.1%
Mixed Gas 1.0%

| Mixed Use | 1 | $8,000,000.00 | 0.95% |
| --- | --- | --- | --- |
| Mobile Home Park | 2 | $11,470,849.31 | 1.36% |
| Multifamily | 5 | $25,790,062.62 | 3.06% |
| Office | 11 | $462,151,473.53 | 54.00% |
| Retail | 15 | $157,422,257.86 | 18.70% |
| Self Storage | 1 | $1,880,407.18 | 0.22% |
| Variance | 8 | $138,682,343.94 | 16.48% |
| Total | 48 | $841,746,812.37 | 100.00% |

Retail
18.7

| Mobile Home Park | 1.4% |
| --- | --- |
| Multifamily | 0.5% |
| Office | 0.4% |
| Retail | 0.0% |
| Storage | 0.0% |
| Variance | 0.0% |
| Total | 100.0% |

Page 21 of 29

# Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18
Commercial Mortgage Pass-Through Certificates, Series 2014-C18

March 2023

# MORTGAGE LOAN CHARACTERISTICS

# Seasoning

| Months | Count | Balance ($) | % |
| --- | --- | --- | --- |
| 99 - 101 | 4 | $104,834,318.29 | 12.45% |
| 102 - 104 | 44 | $736,912,494.08 | 67.55% |
| Total | 48 | $841,746,812.37 | 100.00% |

Total Weighted Average Seasoning: 103

103

60

60

48

38

8

99 - 101

102 - 104

# Remaining Term to Maturity

| Months | Count | Balance ($) | % |
| --- | --- | --- | --- |
| 0 - 2 | 1 | $24,617,529.09 | 2.92% |
| 15 - 17 | 22 | $522,014,249.61 | 62.02% |
| 18 - 20 | 24 | $266,876,766.03 | 31.71% |
| 39 - 41 | 1 | $28,238,267.64 | 3.35% |
| Total | 48 | $841,746,812.37 | 100.00% |

Total Weighted Average Remaining Months: 18

78

68

56

46

38

8

0 - 2

15 - 17

18 - 20

39 - 41

Page 22 of 29

# Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18
Commercial Mortgage Pass-Through Certificates, Series 2014-C18

March 2023

# MORTGAGE LOAN CHARACTERISTICS

# DSCR

| Count | Balance ($) | % |  |
| --- | --- | --- | --- |
| -1.00 - -0.51 | 1 | $17,435,417.31 | 2.07% |
| 0.500 - 0.990 | 1 | $24,617,529.09 | 2.92% |
| 1.000 - 1.490 | 5 | $55,830,558.88 | 6.63% |
| 1.500 - 1.990 | 24 | $257,803,220.45 | 30.63% |
| 2.000 - 2.490 | 11 | $130,706,444.29 | 15.53% |
| 2.500 - 2.990 | 3 | $96,677,520.92 | 11.49% |
| 3.000 - 3.490 | 1 | $8,276,121.43 | 0.98% |
| 6.000 - 6.490 | 1 | $6,000,000.00 | 0.71% |
| Not Avail. | 1 | $244,400,000.00 | 29.03% |
| Total | 48 | $841,746,812.37 | 100.00% |

Total Weighted Average DSCR: 1.40

82

28

24

25

18

12

8

4

0

0

Amortization Type

|  | Count | Balance ($) | % |
| --- | --- | --- | --- |
| Amortizing Balloon | 18 | $105,141,398.70 | 12.49% |
| IO Maturity Balloon | 7 | $356,800,000.00 | 42.39% |
| IO/Amortizing/Balloon | 23 | $379,805,413.67 | 45.12% |
| Total | 48 | $841,746,812.37 | 100.00% |

IO/Amortizing/Balloon
45.12%

Amortizing Balloon 12.49%
IO/Maturity Balloon 42.39%
IO/Amortizing/Balloon 45.12%
Total 100.00%

IO/Maturity Balloon
42.39%

Page 23 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**
**Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

March 2023

# **DEFEASED LOAN DETAIL**

| Loan ID | Current Ending Scheduled Balance | Maturity Date | Current Note Rate | Defeasance Status * |
| --- | --- | --- | --- | --- |
| 10 | 28,500,000.00 | 09/01/2024 | 4.50 | F |
| 23 | 9,878,182.37 | 10/01/2044 | 4.85 | F |
| 28 | 7,999,829.09 | 08/01/2024 | 4.54 | F |
| 32 | 7,030,566.87 | 09/01/2024 | 4.89 | F |
| 48 | 4,501,029.32 | 08/01/2024 | 5.00 | F |
| 58 | 3,478,209.61 | 07/01/2024 | 4.45 | F |
| 59 | 3,614,201.08 | 09/01/2024 | 4.75 | F |
| 60 | 3,041,081.26 | 09/01/2024 | 4.70 | F |
| 61 | 2,568,524.66 | 09/01/2024 | 4.85 | F |
| 65 | 1,880,407.18 | 09/01/2024 | 4.70 | F |

Count: 10 Totals: 72,492,031.44

* Defeasance Status: P = Portion of Loan Previously Defeased; F = Full Defeasance.

Page 24 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**
**Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

March 2023

# **DELINQUENT LOAN DETAIL**

| Loan ID | Paid Thru Date | Current P&I Advances** | Outstanding P&I Advances*** | Outstanding Servicing Advances | Loan Status Code* | Special Servicer Transfer Date | Foreclosure Date | Bankruptcy Date | Reo Date | Resolution Strategy Code |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 4 | 03/01/2023 | 301,545.46 | 0.00 | 0.00 |  |  |  |  |  | 8 |
| 11 | 05/01/2022 | 151,513.51 | 1,584,133.00 | 491,492.71 | 6 | 12/18/2019 |  |  | 11/04/2022 | 7 |
| 13 | 03/01/2023 | 132,383.96 | 0.00 | 0.00 |  |  |  |  |  | 8 |
| 16 | 12/01/2022 | 93,564.81 | 280,707.03 | 0.00 | 2 | 02/01/2023 |  |  |  | 2 |
| 21 | 03/01/2023 | 65,865.71 | 0.00 | 0.00 |  |  |  |  |  | 8 |
| 48 | 03/01/2023 | 27,017.08 | 0.00 | 0.00 |  |  |  |  |  |  |
| Count: | 6 Totals: | 771,890.53 | 1,864,840.03 | 491,492.71 |  |  |  |  |  |  |

* Loan Status: A = Payment not received but still in grace period;
B = Late Payment but less than 30 days delinquent; 0 = Current; 1 = 30-59 Days Delinquent;
2 = 60-89 Days Delinquent; 3 = 90-120 Days Delinquent; 4 = Performing Matured Balloon.

*** Resolution Strategy Code
1 - Modification 2 - Foreclosure 3 - Bankruptcy 4 - Extension 5 - Note Sale
6 - DPO 7 - REO 8 - Resolved 9 - Pending Return to Master Servicer

Current data is not provided but are based on information received from the Service  
\*\*Outstanding P&I Advances include the current period. P&I Advances and may include Service Advances.

10 - Data is not available for the purpose of the 11 - Full Payoff 12 - Reps and Warranties

Page 25 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18  
Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

March 2023

# **SPECIALLY SERVICED (PART I) - LOAN DETAIL**

| Loan ID | Servicing Xfer Date | Loan Status | Schedule Balance | Actual Balance | Note Rate | Maturity Date | Remaining Life | Property Type | Geo. Location | NOI | DSCR | NOI Date |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 11 | 16-Dec-19 | 6 | 24,617,529.09 | 25,085,843.58 | 5.320 | 1-Oct-19 | 1 | Various | XX |  |  |  |
| 16 | 1-Feb-23 | 2 | 17,435,417.31 | 17,519,832.60 | 4.498 | 1-Sep-24 | 18 | Office | CA | 89,637.43 | 0.08 | 31-Dec-21 |
| 35 | 26-Mar-20 |  | 5,694,255.72 | 5,694,255.73 | 5.150 | 1-Sep-24 | 18 | Lodging | LA |  |  |  |
| Count: | 3 | Totals: | 47,747,202.12 | 48,299,931.91 |  |  |  |  |  |  |  |  |

(1) Legend: A (Payment not received but still in grace period), B (Late Payment but less than 30 days deling), C (Current), 1 (30-59 Days Deling), 2 (60-89 Days Deling), 3 (90-120 Days Deling), 4 (Performing Matured Balloon), 5 (Non-Performing Matured Balloon), 6 (121+ Days Deling).

Page 26 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18  
Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

March 2023

# **SPECIALLY SERVICED (PART II) - SERVICER COMMENTS**

| Loan ID | Resolution Strategy | Comments |
| --- | --- | --- |
| 11 | RED | The Loan transferred to the Special Servicer on 12/13/2019 due to maturity default. Riveron was court-appointed receiver. Special Servicer is pursuing legal |

16

Foreclosure

35

REO

remedies with Borrower. Portfolio fully transferred to REO on 31/4/2024. Mobile Properties in the RM 3 of 15 properties were sold at marshal sale. Remaining 12 of 15 properties will be sold off individually by November 2023, selling and Not after marketing purposes.
The Loan transferred to Special Servicing on 2/1/2023 due to monetary default. The Loan matures on 9/1/2024. Borrower has executed a PNL and expressed its intent to submit a proposal for review. In the meantime, Special Servicer will deal track foreclosure action and forbearance negotiations.
Foreclosure occurred on 09/15/2021. Asset is performing well and currently has 8 rooms offline. Rooms have been brought back on-line. The property was sold via the Ten-X auction platform with an expected closing in Q2 2023.

Page 27 of 29

# **Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18**
**Commercial Mortgage Pass-Through Certificates, Series 2014-C18**

**March 2023**

# **OTHER RELATED INFORMATION**

# **Notice to Investors**

Certificateholder may access notices on the Certificate Administrator's Website and each Certificateholder may register to receive email notifications when notices are posted on the Certificate Administrator's Website.

Page 28 of 29

Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18
Commercial Mortgage Pass-Through Certificates, Series 2014-C18

March 2023

# ADDITIONAL RECONCILIATION DETAIL

# REO Property with Final Recovery Determination

| Loan ID | Liq Proceeds and other Amts Rec'd | Liq Proceeds and other Amt Allocated to Carts | Loss on Mortgage Loans |
| --- | --- | --- | --- |

Page 29 of 29