-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VnwyIRu+lQARwrcZBX5NpK25w6Q0Y+oQz/oBu6kUm6KBdr3uKLF0YiyUpF8Xq+he gMOdcEYwaj87RkSLD/tAHA== 0001056404-03-001067.txt : 20030701 0001056404-03-001067.hdr.sgml : 20030701 20030701101454 ACCESSION NUMBER: 0001056404-03-001067 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030617 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST UNION COMM MORT TRUST COMM MOR PAS THR CER SER 2000-C1 CENTRAL INDEX KEY: 0001137104 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 522243280 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-30294-01 FILM NUMBER: 03766567 BUSINESS ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842220 MAIL ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 8-K 1 fun00c1.txt JUNE 8K SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 Date of Report : June 17, 2003 (Date of earliest event reported) Commission File No.: 333-30294-01 First Union National Bank Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2000-C1 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 52-2243280 52-2243286 52-2243288 52-2243289 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 21045 (Address of principal executive offices) (Zip Code) (410) 884-2000 Registrant's Full Telephone Number (Former name, former address and former fiscal year, if changed since last report) ITEM 5. Other Events On June 17, 2003 a distribution was made to holders of First Union National Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2000-C1. ITEM 7. Financial Statements and Exhibits (c) Exhibits Item 601(a) of Regulation S-K Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2000-C1, relating to the June 17, 2003 distribution. 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 hereunto duly authorized. First Union National Bank Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2000-C1 By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: June 17, 2003 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2000-C1, relating to the June 17, 2003 distribution. EX-99.1 Wells Fargo Bank MN, N.A. Corporate Trust Services First Union Commercial Mortgage Trust 9062 Old Annapolis Road Commercial Mortgage Pass-Through Certificates Columbia, MD 21044-1951 Series 2000-C1 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 06/17/2003 Record Date: 05/30/2003 DISTRIBUTION DATE STATEMENT Table of Contents STATEMENT SECTIONS PAGE(s) Certificate Distribution Detail 2 Certificate Factor Detail 3 Reconciliation Detail 4 Other Required Information 5 Cash Reconciliation 6 Ratings Detail 7 Current Mortgage Loan and Property Stratification Tables 8 - 10 Mortgage Loan Detail 11 - 15 Principal Prepayment Detail 16 Historical Detail 17 Delinquency Loan Detail 18 Specially Serviced Loan Detail 19 - 20 Modified Loan Detail 21 Liquidated Loan Detail 22 Underwriter First Union Securities, Inc One First Union Center, TW-9 301 South College Street Charlotte, NC 28288-0610 Contact: Craig M. Lieberman Phone Number: (704) 383-7407 Master Servicer First Union National Bank Charlotte Plaza, Floor 23 NC-1075 201 South College Street Charlotte, NC 28288 Contact: Timothy S. Ryan Phone Number: (704) 593-7878 Special Servicer ARCap Servicing, Inc. 5605 N. MacArthur Blvd. Irving, TX 75038 Contact: Chris Crouch Phone Number: (972) 580-1688 This report has been compiled from information provided to Wells Fargo Bank MN, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank MN, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank MN, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 2003, Wells Fargo Bank Minnesota, N.A.
Certificate Distribution Detail Class CUSIP Pass-Through Original Beginning Principal Rate Balance Balance Distribution A-1 33736XAA7 7.739000% 95,500,000.00 72,096,289.54 796,162.03 A-2 33736XAB5 7.841000% 480,921,000.00 480,921,000.00 0.00 B 33736XAC3 7.973000% 38,817,000.00 38,817,000.00 0.00 C 33736XAD1 8.087000% 34,934,000.00 34,934,000.00 0.00 D 33736XAE9 8.185000% 11,645,000.00 11,645,000.00 0.00 E 33736XAF6 8.511794% 25,231,000.00 25,231,000.00 0.00 F 33736XAG4 8.511794% 11,645,000.00 11,645,000.00 0.00 G 33736XAJ8 6.250000% 29,112,000.00 29,112,000.00 0.00 H 33736XAK5 6.250000% 7,763,000.00 7,763,000.00 0.00 J 33736XAL3 6.250000% 3,882,000.00 3,882,000.00 0.00 K 33736XAM1 6.250000% 7,763,000.00 7,763,000.00 0.00 L 33736XAN9 6.250000% 5,823,000.00 5,823,000.00 0.00 M 33736XAP4 6.250000% 8,733,000.00 8,733,000.00 0.00 N 33736XAQ2 6.250000% 14,556,806.00 13,535,596.95 0.00 R-I N/A 0.000000% 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 R-III N/A 0.000000% 0.00 0.00 0.00 R-IV N/A 0.000000% 0.00 0.00 0.00 776,325,806.00 751,900,886.49 796,162.03
Class CUSIP Interest Prepayment Realized Loss/ Total Ending Balance Current Distribution Penalties Additional Trust Distribution Subordination Fund Expenses Level (1) A-1 33736XAA7 464,960.99 0.00 0.00 1,261,123.02 71,300,127.51 26.48% A-2 33736XAB5 3,142,417.97 0.00 0.00 3,142,417.97 480,921,000.00 26.48% B 33736XAC3 257,906.62 0.00 0.00 257,906.62 38,817,000.00 21.31% C 33736XAD1 235,426.05 0.00 0.00 235,426.05 34,934,000.00 16.66% D 33736XAE9 79,428.60 0.00 0.00 79,428.60 11,645,000.00 15.11% E 33736XAF6 178,967.55 0.00 0.00 178,967.55 25,231,000.00 11.75% F 33736XAG4 82,599.86 0.00 0.00 82,599.86 11,645,000.00 10.20% G 33736XAJ8 151,625.00 0.00 0.00 151,625.00 29,112,000.00 6.32% H 33736XAK5 40,432.29 0.00 0.00 40,432.29 7,763,000.00 5.29% J 33736XAL3 20,218.75 0.00 0.00 20,218.75 3,882,000.00 4.77% K 33736XAM1 40,432.29 0.00 0.00 40,432.29 7,763,000.00 3.74% L 33736XAN9 30,328.13 0.00 0.00 30,328.13 5,823,000.00 2.96% M 33736XAP4 45,484.38 0.00 0.00 45,484.38 8,733,000.00 1.80% N 33736XAQ2 62,288.55 0.00 0.00 62,288.55 13,535,596.95 0.00% R-I N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-II N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-III N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-IV N/A 0.00 0.00 0.00 0.00 0.00 0.00% 4,832,517.03 0.00 0.00 5,628,679.06 751,104,724.46 Original Beginning Pass-Through Notional Notional Class CUSIP Rate Amount Amount IO 33736XAH2 0.786212% 776,325,806.00 751,900,886.49
Ending Interest Prepayment Total Notional Class CUSIP Distribution Penalties Distribution Amount IO 33736XAH2 492,627.87 0.00 492,627.87 751,104,724.46 (1) Calculated by taking (A) the sum of the ending certificate balance of all classes less (B) the sum of (i) the ending certificate balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate to the designated class and dividing the result by (A).
Certificate Factor Detail Beginning Principal Interest Prepayment Realized Loss/ Ending Class CUSIP Balance Distribution Distribution Penalties Additional Trust Balance Fund Expenses A-1 33736XAA7 754.93496901 8.33677518 4.86870147 0.00000000 0.00000000 746.59819382 A-2 33736XAB5 1,000.00000000 0.00000000 6.53416667 0.00000000 0.00000000 1,000.00000000 B 33736XAC3 1,000.00000000 0.00000000 6.64416673 0.00000000 0.00000000 1,000.00000000 C 33736XAD1 1,000.00000000 0.00000000 6.73916671 0.00000000 0.00000000 1,000.00000000 D 33736XAE9 1,000.00000000 0.00000000 6.82083298 0.00000000 0.00000000 1,000.00000000 E 33736XAF6 1,000.00000000 0.00000000 7.09316119 0.00000000 0.00000000 1,000.00000000 F 33736XAG4 1,000.00000000 0.00000000 7.09316101 0.00000000 0.00000000 1,000.00000000 G 33736XAJ8 1,000.00000000 0.00000000 5.20833333 0.00000000 0.00000000 1,000.00000000 H 33736XAK5 1,000.00000000 0.00000000 5.20833312 0.00000000 0.00000000 1,000.00000000 J 33736XAL3 1,000.00000000 0.00000000 5.20833333 0.00000000 0.00000000 1,000.00000000 K 33736XAM1 1,000.00000000 0.00000000 5.20833312 0.00000000 0.00000000 1,000.00000000 L 33736XAN9 1,000.00000000 0.00000000 5.20833419 0.00000000 0.00000000 1,000.00000000 M 33736XAP4 1,000.00000000 0.00000000 5.20833391 0.00000000 0.00000000 1,000.00000000 N 33736XAQ2 929.84662638 0.00000000 4.27899843 0.00000000 0.00000000 929.84662638 R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Beginnning Ending Notional Interest Prepayment Notional Class CUSIP Amount Distribution Penalties Amount IO 33736XAH2 968.53779776 0.63456331 0.00000000 967.51224635
Reconciliation Detail Advance Summary P & I Advances Outstanding 175,214.17 Servicing Advances Outstanding 15,818.06 Reimbursement for Interest on Advances 0.00 paid from general collections Reimbursement for Interest on Servicing 0.00 Advances paid from general collections Aggregate amount of Nonrecoverable Advances 0.00
Servicing Fee Breakdowns Current Period Accrued Servicing Fees 34,418.51 Less Delinquent Servicing Fees 265.31 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 143.91 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 34,297.11
Certificate Interest Reconciliation Class Accrued Net Aggregate Distributable Distributable Additional Interest Remaining Unpaid Certificate Prepayment Certificate Certificate Trust Distribution Distributable Interest Interest Shortfall Interest Interest Fund Certificate Adjustment Expenses Interest A-1 464,960.99 0.00 464,960.99 0.00 0.00 464,960.99 0.00 A-2 3,142,417.97 0.00 3,142,417.97 0.00 0.00 3,142,417.97 0.00 IO 492,627.87 0.00 492,627.87 0.00 0.00 492,627.87 0.00 B 257,906.62 0.00 257,906.62 0.00 0.00 257,906.62 0.00 C 235,426.05 0.00 235,426.05 0.00 0.00 235,426.05 0.00 D 79,428.60 0.00 79,428.60 0.00 0.00 79,428.60 0.00 E 178,967.55 0.00 178,967.55 0.00 0.00 178,967.55 0.00 F 82,599.86 0.00 82,599.86 0.00 0.00 82,599.86 0.00 G 151,625.00 0.00 151,625.00 0.00 0.00 151,625.00 0.00 H 40,432.29 0.00 40,432.29 0.00 0.00 40,432.29 0.00 J 20,218.75 0.00 20,218.75 0.00 0.00 20,218.75 0.00 K 40,432.29 0.00 40,432.29 0.00 0.00 40,432.29 0.00 L 30,328.13 0.00 30,328.13 0.00 0.00 30,328.13 0.00 M 45,484.38 0.00 45,484.38 0.00 0.00 45,484.38 0.00 N 70,497.90 0.00 70,497.90 0.00 8,209.35 62,288.55 34,571.44 Total 5,333,354.25 0.00 5,333,354.25 0.00 8,209.35 5,325,144.90 34,571.44
Other Required Information Available Distribution Amount (1) 6,121,306.93 Aggregate Number of Outstanding Loans 138 Aggregate Unpaid Principal Balance of Loans 750,430,733.35 Aggregate Stated Principal Balance of Loans 750,407,778.04 Aggregate Amount of Servicing Fee 34,297.11 Aggregate Amount of Special Servicing Fee 436.28 Aggregate Amount of Trustee Fee 2,410.11 Aggregate Trust Fund Expenses 0.00 Interest Reserve Deposit 0.00 Interest Reserve Withdrawal 0.00 Specially Serviced Loans not Delinquent Number of Outstanding Loans 0 Aggregate Unpaid Principal Balance 0.00 (1) The Available Distribution Amount includes any Prepayment Premiums.
Original Subordination Level Class A-1 25.77% Class G 6.25% Class A-2 25.77% Class H 5.25% Class B 20.77% Class J 4.75% Class C 16.26% Class K 3.75% Class D 14.76% Class L 3.00% Class E 11.51% Class M 1.88% Class F 10.01% Class N 0.00%
Appraisal Reduction Amount Appraisal Cumulative Current Date Appraisal Loan Reduction ASER ASER Reduction Number Effectec Amount Amount Effected 265330608 1,053,227.76 15,304.71 7,778.52 05/12/2003 Total 1,053,227.76 15,304.71 7,778.52
Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 5,365,236.41 Interest reductions due to Nonrecoverability Determinations 0.00 Interest Adjustments 4,951.92 Deferred Interest 0.00 Net Prepayment Interest Shortfall 0.00 Net Prepayment Interest Excess 0.00 Extension Interest 0.00 Interest Reserve Withdrawal 0.00 Total Interest Collected 5,370,188.33 Principal: Scheduled Principal 796,162.03 Unscheduled Principal 0.00 Principal Prepayments 0.00 Collection of Principal after Maturity Date 0.00 Recoveries from Liquidation and Insurance Proceeds 0.00 Excess of Prior Principal Amounts paid 0.00 Curtailments 0.00 Negative Amortization 0.00 Principal Adjustments 0.00 Total Principal Collected 796,162.03 Other: Prepayment Penalties/Yield Maintenance 0.00 Repayment Fees 0.00 Borrower Option Extension Fees 0.00 Equity Payments Received 0.00 Net Swap Counterparty Payments Received 0.00 Total Other Collected: 0.00 Total Funds Collected 6,166,350.36 Total Funds Distributed Fees: Master Servicing Fee 34,418.51 Trustee Fee 2,410.11 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 36,828.63 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 0.00 ASER Amount 7,778.52 Special Servicing Fee 436.28 Rating Agency Expenses 0.00 Attorney Fees & Expenses 0.00 Bankruptcy Expense 0.00 Taxes Imposed on Trust Fund 0.00 Non-Recoverable Advances 0.00 Other Expenses 0.00 Total Additional Trust Fund Expenses 8,214.80 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 5,325,144.90 Principal Distribution 796,162.03 Prepayment Penalties/Yield Maintenance 0.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 0.00 Total Payments to Certificateholders & Others 6,121,306.93 Total Funds Distributed 6,166,350.36
Ratings Detail Original Ratings Current Ratings (1) Class CUSIP Fitch Moody's S&P Fitch Moody's S&P A-1 33736XAA7 AAA X AAA AAA X AAA A-2 33736XAB5 AAA X AAA AAA X AAA IO 33736XAH2 AAA X AAA AAA X AAA B 33736XAC3 AA X AA AA X AA C 33736XAD1 A X A A X A D 33736XAE9 A- X A- A- X A- E 33736XAF6 BBB X BBB BBB X BBB F 33736XAG4 BBB- X BBB- BBB- X BBB- G 33736XAJ8 BB+ X BB+ BB+ X BB+ H 33736XAK5 BB X NR BB X NR J 33736XAL3 BB- X NR BB- X NR K 33736XAM1 B+ X NR B+ X NR L 33736XAN9 B X NR B X NR M 33736XAP4 B- X NR B- X NR N 33736XAQ2 NR X NR NR X NR NR - Designates that the class was not rated by the above agency at the time of original issuance. X - Designates that the above rating agency did not rate any classes in this transaction at the time of original issuance. N/A - Data not available this period. 1) For any class not rated at the time of original issuance by any particular rating agency, no request has been made subsequent to issuance to obtain rating information, if any, from such rating agency. The current ratings were obtained directly from the applicable rating agency within 30 days of the payment date listed above. The ratings may have changed since they were obtained. Because the ratings may have changed, you may want to obtain current ratings directly from the rating agencies. Fitch, Inc. One State Street Plaza New York, New York 10004 (212) 908-0500 Moody's Investors Service 99 Church Street New York, New York 10007 (212) 553-0300 Standard & Poor's Rating Services 55 Water Street New York, New York 10041 (212) 438-2430
Current Mortgage Loan and Property Stratification Tables Scheduled Balance % Of Scheduled # of Scheduled Agg. WAM Weighted Balance Loans Balance Bal. (2) WAC Avg DSCR(1) Below 2,000,000 42 49,708,923.52 6.62 95 8.7548 1.342553 2,000,001 to 4,000,000 41 112,102,170.37 14.94 93 8.4172 1.314917 4,000,001 to 6,000,000 16 77,249,955.53 10.29 104 8.2166 1.244687 6,000,001 to 8,000,000 6 43,787,097.09 5.84 81 8.3795 1.310664 8,000,001 to 10,000,000 9 81,825,778.20 10.90 100 8.3647 1.436689 10,000,001 to 15,000,000 13 152,478,909.12 20.32 80 8.4134 1.325596 15,000,001 to 20,000,000 5 82,519,132.35 11.00 76 8.0231 1.148938 20,000,001 to 25,000,000 5 112,471,295.75 14.99 96 8.3667 1.159947 25,000,001 to 40,000,000 1 38,264,516.11 5.10 79 7.4000 1.509449 Totals 138 750,407,778.04 100.00 90 8.3075 1.291535
State(3) % Of # of Scheduled Agg. WAM Weighted State Props Balance Bal. (2) WAC Avg DSCR(1) Alabama 2 23,318,468.57 3.11 81 8.3788 1.061810 Arizona 4 7,062,022.49 0.94 115 8.6360 1.619938 California 15 86,915,761.52 11.58 88 8.3879 1.560241 Colorado 1 5,216,199.07 0.70 78 8.1500 1.216010 Connecticut 6 22,948,356.44 3.06 80 8.4692 1.291156 Florida 28 110,437,942.18 14.72 89 8.3223 1.273571 Georgia 7 13,435,064.33 1.79 86 8.6210 1.195141 Illinois 4 48,401,258.35 6.45 79 8.3790 1.290772 Indiana 1 24,083,631.96 3.21 106 8.5400 1.270000 Kansas 1 9,086,215.72 1.21 78 7.9300 1.130000 Louisiana 3 17,641,148.92 2.35 80 8.6954 1.000709 Maryland 3 55,284,857.12 7.37 74 7.3323 1.447550 Massachusetts 1 5,126,394.08 0.68 82 8.2300 1.280000 Michigan 1 8,630,146.35 1.15 79 8.1250 1.620000 Minnesota 3 8,386,275.12 1.12 64 8.7253 1.391339 Nebraska 2 4,087,320.34 0.54 78 8.1500 1.370000 Nevada 5 57,553,197.89 7.67 101 8.1941 1.198548 New Jersey 9 35,274,404.55 4.70 78 8.4175 1.411899 New York 6 36,641,233.14 4.88 79 8.7426 1.114140 North Carolina 3 10,655,699.76 1.42 102 8.4065 1.307259 Ohio 2 4,735,136.16 0.63 121 7.9923 1.492591 Oklahoma 1 1,557,412.61 0.21 82 8.8200 1.570000 Pennsylvania 5 27,072,605.34 3.61 78 8.3947 1.391302 South Carolina 2 7,611,935.24 1.01 80 8.6536 1.059931 Tennessee 2 8,797,696.05 1.17 102 8.3754 0.941027 Texas 15 64,082,206.11 8.54 82 8.3104 1.063147 Utah 1 1,121,715.90 0.15 78 8.5000 1.160000 Virginia 9 31,762,014.70 4.23 152 8.4197 1.571676 Washington 1 5,192,623.21 0.69 81 8.4400 0.770000 West Virginia 1 1,836,145.53 0.24 140 7.5000 1.056392 Wisconsin 2 6,452,689.29 0.86 221 8.0571 1.352823 Totals 146 750,407,778.04 100.00 90 8.3075 1.291535
Debt Service Coverage Ratio(1) Debt Service # of Scheduled % of Weighted Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Credit Lease 7 30,510,775.03 4.07 189 7.6243 NAP 1.19 or less 49 305,579,431.87 40.72 87 8.3190 1.023348 1.20 to 1.24 4 11,601,412.15 1.55 79 8.5036 1.228102 1.25 to 1.29 11 81,373,921.57 10.84 84 8.3152 1.267205 1.30 to 1.34 7 34,774,610.22 4.63 94 8.4415 1.318369 1.35 to 1.39 8 47,311,729.00 6.30 80 8.5512 1.374197 1.40 to 1.44 3 11,260,183.25 1.50 79 8.4564 1.414632 1.45 to 1.49 9 34,242,854.91 4.56 81 8.5711 1.461691 1.50 to 1.54 9 63,242,413.22 8.43 80 7.8798 1.519162 1.55 to 1.59 11 35,936,398.05 4.79 110 8.5223 1.575566 1.60 and greater 20 94,574,048.77 12.60 79 8.3797 1.799169 Totals 138 750,407,778.04 100.00 90 8.3075 1.291535
Property Type Property # of Scheduled % of Weighted Type Props Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Health Care 4 30,129,996.02 4.02 79 8.5888 1.000691 Industrial 7 10,392,431.98 1.38 79 8.7096 0.895980 Lodging 13 75,748,279.79 10.09 99 8.0623 1.214393 Mixed Use 5 15,828,887.27 2.11 79 8.0863 1.876846 Mobile Home Park 2 1,618,736.66 0.22 79 8.8716 1.186883 Multi-Family 55 252,952,399.23 33.71 93 8.1742 1.171750 Office 12 83,319,040.23 11.10 86 8.4893 1.365632 Retail 42 269,259,449.86 35.88 88 8.3837 1.402648 Self Storage 6 11,158,557.00 1.49 82 8.8936 1.585650 Totals 146 750,407,778.04 100.00 90 8.3075 1.291535
Note Rate Note # of Scheduled % of Weighted Rate Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 7.249% or less 8 38,626,161.96 5.15 127 7.1252 1.261333 7.250% to 7.499% 1 38,264,516.11 5.10 79 7.4000 1.509449 7.500% to 7.749% 3 4,412,270.22 0.59 198 7.5258 0.932758 7.750% to 7.999% 6 47,372,114.96 6.31 130 7.9060 1.315877 8.000% to 8.249% 16 135,407,636.10 18.04 80 8.1407 1.192359 8.250% to 8.499% 24 186,613,518.78 24.87 89 8.3461 1.273286 8.500% to 8.749% 40 202,123,969.44 26.94 84 8.5963 1.299740 8.750% to 8.999% 22 71,020,871.91 9.46 80 8.8307 1.358365 9.000% to 9.249% 10 15,630,166.99 2.08 81 9.0580 1.445571 9.250% to 9.499% 7 9,916,123.13 1.32 80 9.2761 1.315039 9.500% and greater 1 1,020,428.44 0.14 80 9.6250 1.527385 Totals 138 750,407,778.04 100.00 90 8.3075 1.291535
Seasoning # of Scheduled % of Weighted Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 12 months or less 0 0.00 0.00 0 0.0000 0.000000 13 to 24 months 0 0.00 0.00 0 0.0000 0.000000 25 to 36 months 0 0.00 0.00 0 0.0000 0.000000 37 to 48 months 131 727,101,218.67 96.89 88 8.3374 1.292505 49 months and greater 7 23,306,559.37 3.11 146 7.3728 1.000000 Totals 138 750,407,778.04 100.00 90 8.3075 1.291535
Anticipated Remaining Term (ARD and Balloon Loans) Anticipated # of Scheduled % of Weighted Remaining Term(2) Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 60 months or less 3 20,102,653.19 2.68 55 7.2912 1.256655 61 to 96 months 117 633,218,791.55 84.38 80 8.3885 1.303494 97 to 108 months 1 24,083,631.96 3.21 106 8.5400 1.270000 109 to 120 months 1 2,222,479.43 0.30 114 8.3900 1.168870 121 to 144 months 4 30,292,219.18 4.04 139 8.0262 1.102584 145 to 180 months 6 20,919,324.31 2.79 156 7.2350 NAP 181 to 204 months 1 1,666,624.99 0.22 198 7.5000 0.660000 205 and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 133 732,505,724.61 97.61 85 8.3135 1.290557
Remaining Stated Term (Fully Amortizing Loans) Remaining # of Scheduled % of Weighted Stated Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 108 months or less 0 0.00 0.00 0 0.0000 0.000000 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 156 months 0 0.00 0.00 0 0.0000 0.000000 157 to 216 months 0 0.00 0.00 0 0.0000 0.000000 217 to 240 months 0 0.00 0.00 0 0.0000 0.000000 241 to 252 months 0 0.00 0.00 0 0.0000 0.000000 253 to 300 months 2 10,718,775.34 1.43 264 8.4105 0.990000 301 and greater 3 7,183,278.09 0.96 315 7.5420 1.435775 Totals 5 17,902,053.43 2.39 285 8.0620 1.375306
Remaining Amortization Term (ARD and Balloon Loans) Remaining # of Scheduled % of Weighted Amortization Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 180 months or less 1 2,216,904.64 0.30 17 8.1000 1.550000 181 to 228 months 6 20,919,324.31 2.79 156 7.2350 NAP 229 to 240 months 1 3,218,136.87 0.43 82 8.7500 1.291941 241 to 252 months 0 0.00 0.00 0 0.0000 0.000000 253 to 288 months 18 43,703,729.92 5.82 82 8.7501 1.181265 289 to 300 months 1 2,387,235.06 0.32 60 8.5800 1.000000 301 to 348 months 106 660,060,393.81 87.96 83 8.3164 1.297966 349 and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 133 732,505,724.61 97.61 85 8.3135 1.290557
Age of Most Recent NOI Age of Most # of Scheduled % of Weighted Recent NOI Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Credit Lease 7 30,510,775.03 4.07 189 7.6243 NAP 1 year or less 118 662,407,195.51 88.27 86 8.3550 1.284123 1 to 2 years 11 52,805,725.14 7.04 74 8.0803 1.373344 2 years or greater 2 4,684,082.36 0.62 81 8.5893 1.417497 Totals 138 750,407,778.04 100.00 90 8.3075 1.291535 (1)The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. "NAP" means not applicable and relates to the omission of credit lease loans in the calculation of DSCR. (2)Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3)Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date Balanc of the related mortgage loan as disclosed in the offering document.
Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type(1) City State Payment Payment Coupon 355132466 1 RT Gaithersburg MD 244,017.80 29,472.22 7.400% 265330682 2 RT Cicero IL 173,067.23 12,564.93 8.210% 373000006 3 OF Indianapolis IN 177,202.50 12,802.38 8.540% 510000113 4 RT Bronx NY 164,673.76 13,501.33 8.813% 265330787 5 MF Las Vegas NV 155,424.31 0.00 8.270% 265330718 6 MF Henderson NV 140,321.94 12,011.19 7.980% 265330708 7 MF Coral Springs FL 134,107.11 12,154.07 8.092% 510000120 8 RT Covina CA 123,630.51 9,344.78 8.440% 510000015 9 MF Temple Hills MD 93,207.30 15,423.42 6.977% 265330739 10 HC Gainesville FL 113,216.11 8,703.24 8.470% 265330700 11 MF Spring TX 106,324.08 9,753.74 8.080% 265330757 12 MF Katy TX 105,040.49 0.00 8.270% 265330800 13 MF Auburn AL 91,716.40 6,204.88 8.180% 473000002 14 RT Fountain Valley CA 94,865.26 6,699.16 8.590% 265330754 15 RT East Hartford CT 93,692.10 6,624.71 8.640% 473000001 16 MF Baton Rouge LA 91,549.04 5,013.56 8.625% 265330635 17 LO Secaucus NJ 81,947.34 7,115.32 8.250% 265330634 18 LO King of Prussia PA 81,359.78 7,064.30 8.250% 265330778 19 RT Chicago IL 84,283.88 4,957.47 8.530% 265330710 20 RT Henderson NV 78,940.95 6,889.44 8.180% 265330684 21 LO Tampa FL 76,651.58 10,917.85 8.583% 265330714 22 MU Monterey Park CA 69,959.45 7,140.78 7.810% 265330743 23 HC Birmingham AL 76,613.53 5,480.82 8.630% 510000115 24 OF San Jose CA 78,646.19 4,896.52 8.875% 373000004 25 MF Jacksonville FL 72,097.44 6,380.75 8.600% 265330636 26 LO Elizabeth NJ 68,827.47 5,976.15 8.250% 815114088 27 RT Fredericksburg VA 67,764.87 5,387.01 8.473% 265330783 28 RT Decatur IL 68,195.95 4,606.03 8.740% 265330758 29 RT Santa Ana CA 66,510.53 4,306.39 8.580% 265330726 30 MF Wichita KS 62,076.27 4,398.56 7.930% 373000002 31 OF Troy MI 60,425.78 6,391.58 8.125% 265330713 32 MF Miami FL 59,906.44 5,402.51 8.120% 510000110 33 OF Miquon PA 61,671.33 5,855.02 8.430% 510000117 34 RT Eatontown NJ 57,580.02 4,159.99 8.540% 265330744 35 RT Plantation FL 54,250.12 4,282.77 8.410% 510000122 36 RT Carrboro NC 53,121.23 4,069.59 8.410% 510000118 37 OF Hampton VA 52,195.57 4,254.91 8.270% 265330766 38 MF Nashville TN 52,715.03 3,830.06 8.580% 265330721 39 RT West Haven CT 46,269.88 4,305.57 8.030% 265330694 40 OF El Paso TX 42,981.38 3,447.63 8.390% 510000104 41 OF Orangeburg NY 41,486.08 4,157.40 8.330% 265330624 42 MF San Diego CA 42,480.32 3,136.70 8.560% 825999700 43 LO Goleta CA 30,183.51 84,523.06 7.235% 265330698 44 MF Evans CO 36,630.46 3,261.24 8.150% 265330790 45 MF Ellensburg WA 37,759.72 2,874.59 8.440% 265330784 46 RT Weymouth MA 36,351.84 3,015.86 8.230% 825999675 47 LO Cocoa Beach FL 27,745.42 77,695.67 7.235% 265330716 48 MF Indio CA 33,190.39 2,810.31 8.250% 510000119 49 OF Hampton VA 31,972.74 2,617.87 8.260% 265330701 50 MF Houston TX 31,761.65 2,731.96 8.230% 265330683 51 LO Greenville SC 32,491.75 2,374.41 8.583% 265330735 52 RT Coon Rapids MN 32,488.66 2,075.13 8.860% 473000003 53 RT Tempe AZ 31,053.81 2,355.48 8.500% 265330673 54 RT Shillington PA 30,215.58 2,467.53 8.375% 245114206 55 MF Greenfield WI 27,150.87 2,938.44 7.750% 265330638 56 LO San Antonio TX 27,857.26 2,418.78 8.250% 825999702 57 LO Gainesville FL 21,211.35 59,398.27 7.235% 265330717 58 MF Arlington TX 26,246.00 2,473.55 8.000% 825999701 59 LO Pismo Beach CA 20,284.88 56,803.87 7.235% 265330752 60 MF Dallas TX 26,718.44 1,990.66 8.540% 265330720 61 RT Lauderdale Lakes FL 26,177.23 3,695.91 8.610% 265330777 62 RT Tampa FL 26,532.23 1,857.10 8.625% 265330586 63 LO Bossier City LA 26,703.83 3,552.79 8.850% 265330709 65 RT Wheaton IL 23,855.67 2,131.73 8.125% 373000005 66 OF New York NY 25,842.37 1,514.80 9.000% 265330751 67 RT Chapin SC 24,278.79 4,117.18 8.750% 265330697 68 MF Kearney NE 22,962.38 2,044.36 8.150% 265330753 69 MF San Antonio TX 23,141.99 1,763.21 8.490% 265330759 71 RT Pinellas Park FL 22,796.62 1,546.82 8.730% 265330804 72 SS Miami FL 22,463.11 2,873.25 8.820% 265330732 73 MF Jacksonville FL 21,467.35 1,504.13 8.660% 825999706 74 LO Macedonia OH 15,164.90 42,466.36 7.235% 510000123 75 IN Hartford CT 20,355.23 2,664.79 8.750% 510000112 76 IN North Las Vegas NV 19,753.82 1,709.29 8.690% 265330776 77 MF Sealy TX 18,870.60 1,320.82 8.625% 265330724 78 MU Princeton NJ 18,462.12 1,394.14 8.510% 265330785 79 MF Kennesaw GA 18,443.64 1,308.41 8.580% 825999703 80 LO Pensacola FL 13,702.05 38,369.92 7.235% 265330779 81 MU Charlotte NC 18,090.20 2,435.20 8.690% 510000046 82 RT East Madison WI 17,089.67 2,928.32 8.580% 265330712 83 MF Smyrna GA 17,320.92 1,432.68 8.320% 510000114 84 RT Jacksonville FL 18,667.88 1,374.61 9.080% 265330804 85 SS Philadelphia PA 17,815.06 2,278.73 8.820% 265330590 86 OF Chaska MN 15,505.32 6,079.71 8.100% 373000001 87 MF Atlantic Beach FL 15,547.98 1,889.20 7.880% 265330699 88 MF Marietta GA 16,915.85 1,271.67 8.520% 265330804 89 SS Cleveland OH 17,199.23 2,199.96 8.820% 265330792 90 RT Warner Robins GA 16,074.05 2,387.69 8.390% 265330813 91 HC Lawrenceville GA 17,742.76 970.80 9.125% 265330750 92 MF Richmond VA 16,827.25 1,164.29 8.688% 125157744 93 MF Reston VA 13,560.57 1,886.81 7.125% 265330703 94 RT St. James NY 16,894.57 1,087.00 8.875% 373000003 95 MF Jacksonville FL 16,221.93 1,435.66 8.600% 265330608 96 IN Rochester NY 15,553.36 1,993.77 8.625% 265330788 97 HC Pompano Beach FL 15,385.75 1,045.05 8.690% 265330789 98 RT Woodbridge VA 15,714.68 1,908.44 9.000% 510000116 99 RT Fallbrook CA 15,847.04 1,096.14 9.250% 265330746 100 RT Houston TX 15,183.78 969.82 8.860% 265330786 101 RT Minneapolis MN 15,080.26 820.80 9.150% 125129425 102 MF Hurricane WV 11,487.15 1,797.93 7.500% 265330740 103 MF Shreveport LA 13,910.40 888.60 8.875% 265330741 104 RT Lake Elsinore CA 13,767.76 727.78 9.250% 125129422 105 MF Knoxville TN 10,426.75 1,655.68 7.500% 265330621 106 IN Newport News VA 12,289.30 848.60 8.750% 265330742 107 RT Moreno Valley CA 12,250.04 746.27 8.960% 265330804 108 SS Tulsa OK 11,840.05 1,514.46 8.820% 265330727 111 MF New York NY 11,571.58 769.53 8.720% 265330769 112 RT Gaithersburg MD 12,126.88 641.04 9.250% 265330782 113 OF Las Vegas NV 11,806.52 624.11 9.250% 265330771 114 RT Suffolk VA 11,919.82 583.70 9.400% 265330704 115 MF West Hollywood CA 10,327.83 846.82 8.340% 265330761 118 MF Phoenix AZ 10,212.82 647.73 8.875% 265330756 119 IN Fairfield NJ 10,050.07 680.52 8.750% 265330600 120 OF Portola Valley CA 9,736.69 1,172.86 9.000% 265330736 121 MF Ft. Pierce FL 9,521.01 659.71 8.700% 265330737 122 MF San Antonio TX 8,788.69 704.61 8.375% 125129423 123 MF Bradenton FL 7,406.39 1,267.80 7.875% 265330725 124 MF Salt Lake City UT 8,214.93 627.58 8.500% 265330748 125 MH Islamorada FL 8,498.26 544.15 8.870% 265330804 126 SS Conroe TX 7,756.52 992.13 8.820% 265330762 127 SS Bloomingdale NJ 8,464.51 844.83 9.625% 265330711 128 RT Westport CT 7,147.02 542.11 8.500% 265330730 129 MF East Point GA 7,129.60 524.07 8.570% 265330774 130 RT Hurst TX 7,607.55 837.83 9.290% 265330806 131 MF Jupiter FL 7,124.47 467.19 8.750% 125129421 132 MF Wingate NC 5,784.86 903.79 7.625% 265330802 133 MF Universal City TX 6,651.30 897.05 8.660% 265330745 134 MF Montclair NJ 6,716.61 404.30 9.000% 265330696 136 MF Norfolk NE 5,740.60 511.08 8.150% 265330733 137 RT Mesa AZ 6,099.32 348.98 9.090% 265330719 138 RT Decatur GA 6,170.60 328.54 9.250% 265330749 139 MF Richmond VA 5,916.69 364.33 8.938% 265330705 140 MF Hollywood CA 5,620.93 404.26 8.550% 265330722 141 RT Mesa AZ 5,178.98 395.64 8.500% 265330770 142 RT Quakertown PA 4,772.75 551.26 9.125% 265330706 143 MH Conroe TX 3,873.97 247.47 8.875% 265330794 144 MU Clifton NJ 2,174.48 151.11 8.625% 265330795 145 MU West Orange NJ 1,611.99 93.81 9.000% Totals 5,365,236.41 796,162.03
Loan Anticipated Neg Beginning Ending Paid Number Repayment Maturity Amort Scheduled Scheduled Thru Date Date (Y/N) Balance Balance Date 355132466 N/A 01/01/2010 N 38,293,988.33 38,264,516.11 06/01/2003 265330682 N/A 01/01/2010 N 24,480,060.51 24,467,495.58 06/01/2003 373000006 04/01/2012 04/01/2030 N 24,096,434.34 24,083,631.96 06/01/2003 510000113 02/01/2010 02/01/2030 N 21,700,316.46 21,686,815.13 06/01/2003 265330787 N/A 03/01/2010 N 21,825,000.00 21,825,000.00 06/01/2003 265330718 N/A 01/01/2015 N 20,420,364.27 20,408,353.08 06/01/2003 265330708 N/A 01/01/2010 N 19,245,833.99 19,233,679.92 06/01/2003 510000120 N/A 04/01/2010 N 17,010,771.73 17,001,426.95 06/01/2003 510000015 06/01/2008 06/01/2028 N 15,513,936.91 15,498,513.49 06/01/2003 265330739 N/A 01/01/2010 N 15,522,642.07 15,513,938.83 06/01/2003 265330700 N/A 12/01/2009 N 15,281,326.90 15,271,573.16 06/01/2003 265330757 N/A 01/01/2010 N 14,750,000.00 14,750,000.00 06/01/2003 265330800 N/A 04/01/2010 N 13,020,704.95 13,014,500.07 06/01/2003 473000002 N/A 04/01/2010 N 12,824,925.57 12,818,226.41 06/01/2003 265330754 N/A 02/01/2010 N 12,593,024.68 12,586,399.97 06/01/2003 473000001 N/A 03/01/2010 N 12,326,378.10 12,321,364.54 06/01/2003 265330635 N/A 10/01/2009 N 11,535,109.80 11,527,994.48 06/01/2003 265330634 N/A 10/01/2009 N 11,452,403.53 11,445,339.23 06/01/2003 265330778 N/A 02/01/2010 N 11,474,566.90 11,469,609.43 06/01/2003 265330710 N/A 01/01/2010 N 11,207,012.26 11,200,122.82 06/01/2003 265330684 N/A 01/01/2010 N 10,371,052.09 10,360,134.24 06/01/2003 265330714 N/A 01/01/2010 N 10,402,462.60 10,395,321.82 06/01/2003 265330743 N/A 01/01/2010 N 10,309,449.32 10,303,968.50 06/01/2003 510000115 N/A 03/01/2010 N 10,290,824.13 10,285,927.61 06/01/2003 373000004 N/A 02/01/2010 N 9,735,588.41 9,729,207.66 06/01/2003 265330636 N/A 10/01/2009 N 9,688,324.58 9,682,348.43 06/01/2003 815114088 N/A 03/01/2025 N 9,596,837.73 9,591,450.72 06/01/2003 265330783 N/A 02/01/2010 N 9,061,247.05 9,056,641.02 06/01/2003 265330758 N/A 02/01/2010 N 9,002,101.84 8,997,795.45 06/01/2003 265330726 N/A 12/01/2009 N 9,090,614.28 9,086,215.72 06/01/2003 373000002 N/A 01/01/2010 N 8,636,537.93 8,630,146.35 06/01/2003 265330713 N/A 12/01/2009 N 8,567,582.14 8,562,179.63 06/01/2003 510000110 N/A 01/01/2010 N 8,495,648.24 8,489,793.22 06/01/2003 510000117 N/A 04/01/2010 N 7,829,873.05 7,825,713.06 06/01/2003 265330744 N/A 01/01/2010 N 7,491,098.99 7,486,816.22 06/01/2003 510000122 N/A 04/01/2010 N 7,335,215.93 7,331,146.34 06/01/2003 510000118 N/A 04/01/2010 N 7,329,408.81 7,325,153.90 06/01/2003 265330766 N/A 02/01/2010 N 7,134,901.12 7,131,071.06 06/01/2003 265330721 N/A 01/01/2010 N 6,691,502.08 6,687,196.51 06/01/2003 265330694 N/A 12/01/2009 N 5,949,208.20 5,945,760.57 06/01/2003 510000104 N/A 11/01/2009 N 5,783,599.65 5,779,442.25 06/01/2003 265330624 N/A 01/01/2010 N 5,763,082.87 5,759,946.17 06/01/2003 825999700 N/A 06/01/2016 N 5,006,249.31 4,921,726.25 06/01/2003 265330698 N/A 12/01/2009 N 5,219,460.31 5,216,199.07 06/01/2003 265330790 N/A 03/01/2010 N 5,195,497.80 5,192,623.21 06/01/2003 265330784 N/A 04/01/2010 N 5,129,409.94 5,126,394.08 06/01/2003 825999675 N/A 06/01/2016 N 4,601,867.30 4,524,171.63 06/01/2003 265330716 N/A 01/01/2010 N 4,671,961.59 4,669,151.28 06/01/2003 510000119 N/A 04/01/2010 N 4,495,113.42 4,492,495.55 06/01/2003 265330701 N/A 12/01/2009 N 4,481,713.21 4,478,981.25 06/01/2003 265330683 N/A 01/01/2010 N 4,396,172.78 4,393,798.37 06/01/2003 265330735 N/A 02/01/2010 N 4,258,325.61 4,256,250.48 06/01/2003 473000003 N/A 01/01/2015 N 4,242,645.69 4,240,290.21 06/01/2003 265330673 N/A 11/01/2009 N 4,189,738.46 4,187,270.93 06/01/2003 245114206 N/A 09/01/2029 N 4,068,392.67 4,065,454.23 06/01/2003 265330638 N/A 10/01/2009 N 3,921,256.47 3,918,837.69 06/01/2003 825999702 N/A 06/01/2016 N 3,518,123.50 3,458,725.23 06/01/2003 265330717 N/A 01/01/2015 N 3,809,903.91 3,807,430.36 06/01/2003 825999701 N/A 06/01/2016 N 3,364,458.34 3,307,654.47 06/01/2003 265330752 N/A 01/01/2010 N 3,633,239.39 3,631,248.73 06/01/2003 265330720 N/A 01/01/2010 N 3,530,704.61 3,527,008.70 06/01/2003 265330777 N/A 03/01/2010 N 3,572,362.16 3,570,505.06 06/01/2003 265330586 N/A 11/01/2009 N 3,504,055.83 3,500,503.04 06/01/2003 265330709 N/A 01/01/2010 N 3,409,644.05 3,407,512.32 06/01/2003 373000005 N/A 03/01/2010 N 3,334,499.80 3,332,985.00 06/01/2003 265330751 N/A 04/01/2010 N 3,222,254.05 3,218,136.87 06/01/2003 265330697 N/A 12/01/2009 N 3,271,900.42 3,269,856.06 06/01/2003 265330753 N/A 01/01/2010 N 3,165,438.59 3,163,675.38 06/01/2003 265330759 N/A 02/01/2010 N 3,032,473.95 3,030,927.13 06/01/2003 265330804 N/A 04/01/2010 N 2,957,617.57 2,954,744.32 06/01/2003 265330732 N/A 02/01/2010 N 2,878,733.16 2,877,229.03 06/01/2003 825999706 N/A 06/01/2016 N 2,515,256.11 2,472,789.75 06/01/2003 510000123 N/A 04/01/2010 N 2,701,523.43 2,698,858.64 06/01/2003 510000112 N/A 01/01/2010 N 2,639,806.97 2,638,097.68 06/01/2003 265330776 N/A 03/01/2010 N 2,540,781.61 2,539,460.79 06/01/2003 265330724 N/A 01/01/2010 N 2,519,374.44 2,517,980.30 06/01/2003 265330785 N/A 04/01/2010 N 2,496,318.92 2,495,010.51 05/01/2003 825999703 N/A 06/01/2016 N 2,272,626.90 2,234,256.98 06/01/2003 265330779 N/A 03/01/2010 N 2,417,488.92 2,415,053.72 06/01/2003 510000046 N/A 06/01/2008 N 2,390,163.38 2,387,235.06 06/01/2003 265330712 N/A 12/01/2009 N 2,417,621.88 2,416,189.20 06/01/2003 510000114 N/A 03/01/2010 N 2,387,535.98 2,386,161.37 06/01/2003 265330804 N/A 04/01/2010 N 2,345,629.87 2,343,351.14 06/01/2003 265330590 11/01/2004 12/01/2017 N 2,222,984.35 2,216,904.64 06/01/2003 373000001 N/A 07/01/2009 N 2,291,334.69 2,289,445.49 06/01/2003 265330699 N/A 01/01/2010 N 2,305,659.21 2,304,387.54 06/01/2003 265330804 N/A 04/01/2010 N 2,264,546.37 2,262,346.41 06/01/2003 265330792 N/A 12/01/2012 N 2,224,867.12 2,222,479.43 06/01/2003 265330813 N/A 04/01/2010 N 2,258,026.55 2,257,055.75 06/01/2003 265330750 N/A 02/01/2010 N 2,249,360.74 2,248,196.45 06/01/2003 125157744 N/A 09/01/2029 N 2,210,210.97 2,208,324.16 06/01/2003 265330703 N/A 12/01/2009 N 2,210,647.95 2,209,560.95 06/01/2003 373000003 N/A 02/01/2010 N 2,190,507.51 2,189,071.85 06/01/2003 265330608 N/A 09/01/2009 N 2,094,141.71 2,092,147.94 09/01/2002 265330788 N/A 03/01/2010 N 2,056,077.99 2,055,032.94 06/01/2003 265330789 N/A 03/01/2010 N 2,027,700.73 2,025,792.29 06/01/2003 510000116 N/A 03/01/2010 N 1,989,515.14 1,988,419.00 06/01/2003 265330746 N/A 02/01/2010 N 1,990,155.63 1,989,185.81 06/01/2003 265330786 N/A 03/01/2010 N 1,913,940.80 1,913,120.00 06/01/2003 125129425 N/A 02/01/2015 N 1,837,943.46 1,836,145.53 06/01/2003 265330740 N/A 01/01/2010 N 1,820,169.94 1,819,281.34 06/01/2003 265330741 N/A 02/01/2010 N 1,728,472.61 1,727,744.83 06/01/2003 125129422 N/A 12/01/2019 N 1,668,280.67 1,666,624.99 06/01/2003 265330621 N/A 11/01/2009 N 1,631,022.35 1,630,173.75 06/01/2003 265330742 N/A 02/01/2010 N 1,587,706.48 1,586,960.21 06/01/2003 265330804 N/A 04/01/2010 N 1,558,927.07 1,557,412.61 06/01/2003 265330727 N/A 04/01/2010 N 1,541,051.40 1,540,281.87 06/01/2003 265330769 N/A 02/01/2010 N 1,522,468.56 1,521,827.52 06/01/2003 265330782 N/A 02/01/2010 N 1,482,248.42 1,481,624.31 06/01/2003 265330771 N/A 02/01/2010 N 1,472,593.07 1,472,009.37 06/01/2003 265330704 N/A 12/01/2009 N 1,438,082.88 1,437,236.06 06/01/2003 265330761 N/A 02/01/2010 N 1,336,343.73 1,335,696.00 06/01/2003 265330756 N/A 01/01/2010 N 1,333,834.49 1,333,153.97 06/01/2003 265330600 N/A 04/01/2010 N 1,256,347.73 1,255,174.87 06/01/2003 265330736 N/A 01/01/2010 N 1,270,880.15 1,270,220.44 06/01/2003 265330737 N/A 01/01/2010 N 1,218,653.52 1,217,948.91 06/01/2003 125129423 N/A 11/01/2027 N 1,128,592.42 1,127,324.62 06/01/2003 265330725 N/A 12/01/2009 N 1,122,343.48 1,121,715.90 06/01/2003 265330748 N/A 01/01/2010 N 1,112,620.66 1,112,076.51 06/01/2003 265330804 N/A 04/01/2010 N 1,021,266.21 1,020,274.08 06/01/2003 265330762 N/A 02/01/2010 N 1,021,273.27 1,020,428.44 06/01/2003 265330711 N/A 01/01/2010 N 976,443.43 975,901.32 06/01/2003 265330730 N/A 01/01/2010 N 966,106.62 965,582.55 06/01/2003 265330774 N/A 03/01/2010 N 950,976.58 950,138.75 06/01/2003 265330806 N/A 04/01/2010 N 945,551.57 945,084.38 06/01/2003 125129421 N/A 09/01/2029 N 910,403.49 909,499.70 05/01/2003 265330802 N/A 01/01/2010 N 891,927.53 891,030.48 06/01/2003 265330745 N/A 01/01/2010 N 866,658.74 866,254.44 05/01/2003 265330696 N/A 12/01/2009 N 817,975.36 817,464.28 06/01/2003 265330733 N/A 02/01/2010 N 779,216.27 778,867.29 06/01/2003 265330719 N/A 01/01/2010 N 774,687.89 774,359.35 06/01/2003 265330749 N/A 02/01/2010 N 768,782.84 768,418.51 06/01/2003 265330705 N/A 04/01/2010 N 763,454.40 763,050.14 06/01/2003 265330722 N/A 12/01/2009 N 707,564.63 707,168.99 06/01/2003 265330770 N/A 04/01/2010 N 607,402.08 606,850.82 06/01/2003 265330706 N/A 01/01/2010 N 506,907.62 506,660.15 06/01/2003 265330794 N/A 04/01/2010 N 292,777.38 292,626.27 06/01/2003 265330795 N/A 04/01/2010 N 207,998.97 207,905.16 06/01/2003 Totals 751,203,940.07 750,407,778.04 Appraisal Appraisal Res Mod Loan Number Reduction Reduction Strat. Code Date Amount (2) (3) 265330608 05/12/2003 1,053,227.76 13 Totals 1,053,227.76 (1) Property Type Code SS- Self Storage MF- Multi-Family RT- Retail HC- Health Care IN- Industrial WH- Warehouse MH- Mobile Home Park OF- Office LO- Lodging MU- Mixed Use OT- Other IW- Industrial/Warehouse (2) 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 10-Deed In Lieu of Foreclosure 11-Full Payoff 12-Reps and Warranties 13-Other or TBD (3) Modification Code 1- Maturity Date Extension 2- Amortization Change 3- Principal Write-Off 4- Combination
Principal Prepayment Detail No Principal Prepayments this Period
Historical Detail Delinquencies Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure REO Modifications Date # Balance # Balance # Balance # Balance # Balance # Balance 06/17/2003 0 $0.00 0 $0.00 1 $2,092,147.94 0 $0.00 0 $0.00 0 $0.00 05/16/2003 0 $0.00 0 $0.00 1 $2,094,141.71 0 $0.00 0 $0.00 0 $0.00 04/17/2003 0 $0.00 0 $0.00 1 $2,096,619.39 0 $0.00 1 $1,353,672.31 0 $0.00 03/17/2003 0 $0.00 0 $0.00 1 $2,098,580.19 0 $0.00 1 $1,356,246.23 0 $0.00 02/18/2003 0 $0.00 0 $0.00 1 $2,102,026.23 0 $0.00 1 $1,358,804.33 0 $0.00 01/17/2003 0 $0.00 0 $0.00 1 $2,103,947.17 0 $0.00 1 $1,361,346.71 0 $0.00 12/17/2002 0 $ 0.00 1 $2,105,853.95 0 $0.00 0 $0.00 1 $1,363,873.47 0 $0.00 11/18/2002 1 $2,108,248.05 0 $0.00 0 $0.00 0 $0.00 1 $1,366,384.70 0 $0.00 10/18/2002 1 $1,828,372.80 0 $0.00 0 $0.00 0 $0.00 1 $1,368,880.50 0 $0.00 09/17/2002 1 $1,829,640.09 0 $0.00 0 $0.00 1 $1,576,100.98 1 $1,371,360.96 0 $0.00 08/16/2002 0 0.00 0 $0.00 0 $0.00 1 $1,576,782.01 2 $2,681,329.52 0 $0.00 07/17/2002 1 $1,831,254.03 0 $0.00 0 $0.00 1 $1,577,457.88 2 $2,686,111.37 0 $0.00
Prepayments Distribution Curtailments Payoff Date # Amount # Amount 06/17/2003 0 $0.00 0 $0.00 05/16/2003 0 $0.00 1 $818,159.57 04/17/2003 0 $0.00 0 $0.00 03/17/2003 0 $0.00 0 $0.00 02/18/2003 0 $0.00 0 $0.00 01/17/2003 0 $0.00 0 $0.00 12/17/2002 0 $0.00 0 $0.00 11/18/2002 0 $0.00 0 $0.00 10/18/2002 0 $0.00 1 $1,558,895.99 09/17/2002 0 $0.00 1 $947,108.28 08/16/2002 0 $0.00 0 $0.00 07/17/2002 0 $0.00 0 $0.00
Rate and Maturities Distribution Next Weighted Avg. WAM Date Coupon Remit 06/17/2003 8.307459% 8.247998% 90 05/16/2003 8.306941% 8.247413% 91 04/17/2003 8.305355% 8.245391% 92 03/17/2003 8.305348% 8.245385% 93 02/18/2003 8.305380% 8.245422% 94 01/17/2003 8.305371% 8.245414% 95 12/17/2002 8.305362% 8.245407% 96 11/18/2002 8.304614% 8.245255% 97 10/18/2002 8.304607% 8.245251% 98 09/17/2002 8.305788% 8.245926% 99 08/16/2002 8.304258% 8.243979% 100 07/17/2002 8.304249% 8.243971% 101 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.
Delinquency Loan Detail Offering # of Paid Current Outstanding Status of Loan Number Document Months Through P & I P & I Mortgage Cross-Reference Delinq. Date Advances Advances** Loan(1) 265330785 79 0 05/01/2003 19,648.03 19,648.03 B 265330608 96 8 09/01/2002 9,724.98 141,830.64 3 125129421 132 0 05/01/2003 6,650.71 6,650.71 B 265330745 134 0 05/01/2003 7,084.79 7,084.79 B Totals 4 43,108.51 175,214.17
Resolution Actual Outstanding Bankruptcy REO Loan Number Strategy Servicing Foreclosure Principal Servicing Date Date Code(2) ansfer Date Date Balance Advances 265330785 2,496,318.92 0.00 265330608 13 12/09/2002 2,112,486.75 6,955.06 125129421 910,403.49 0.00 265330745 866,658.74 0.00 Totals 6,385,867.90 6,955.06
Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances Balance Advances Totals by deliquency code: Total for Status Code = 3 (1 loan) 9,724.98 141,830.64 2,112,486.75 6,955.06 Total for Status Code = B (3 loans) 33,383.53 33,383.53 4,273,381.15 0.00 (1) Status of Mortgage Loan A- Payment Not Received But Still in Grace Period B- Late Payment But Less Than 1 Month Delinquent 0- Current 1- One Month Delinquent 2- Two Months Delinquent 3- Three Or More Months Delinquent 4- Assumed Scheduled Payment (Performing Matured Balloon) 7- Foreclosure 9- REO (2) 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 10-Deed In Lieu Of Foreclosure 11-Full Payoff 12-Reps and Warranties 13-Other or TBD **Outstanding P & I Advances include the current period advance.
Specially Serviced Loan Detail - Part 1 Offering Document Servicing Resolution Scheduled Property State Interest Actual Loan Number Cross-Reference Transfer Date Strategy Code(1) Balance Type(2) Rate Balance 265330608 96 12/09/2002 13 2,092,147.94 IN NY 8.625% 2,112,486.75
Remaining Net Operating DSCR DSCR Note Maturity Amortization Loan Number Income Date Date Date Term 265330608 (53,465.45) 09/30/2002 (0.34) 09/22/1900 (1) 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 10-Deed In Lieu Of Foreclosure 11-Full Payoff 12-Reps and Warranties 13-Other or TBD (2) Property Type Code MF - Multi-Family OF - Office RT - Retail MU - Mixed Use HC- Health Care LO - Lodging IN - Industrial SS - Self Storage WH - Warehouse OT - Other MH - Mobile Home Park
Specially Serviced Loan Detail - Part 2 Offering Resolution Site Document Strategy Inspection Phase 1 Appraisal Appraisal Other REO Loan Number Cross-Reference Code(1) Date Date Date Value Property Revenue 265330608 96 13 02/05/2003 1,200,000.00
Loan Number Comments From Special Servicer 265330608 Loan remains due for its 10/1/02 payment. Per 12/31/2002 audited statement, net operating income of ($83,232) and property approximately 35% occupied. Appraisal has been received and the amount is $1,200,000 "as is". Foreclosure title report reflects clean title. According to the compilation report for YTD 2003 including April, the property generated a negative NOI approximating $25M. The borrower has listed the property for sale at $1,500,000 with a local Rochester area broker. To date, the lease / occupancy status has not changed materially. Note sale opportunities are being investigated. (1) 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 10-Deed In Lieu Of Foreclosure 11-Full Payoff 12-Reps and Warranties 13-Other or TBD
Modified Loan Detail No Modified Loans
Liquidated Loan Detail Final Recovery Offering Gross Proceeds Loan Determination Document Appraisal Appraisal Actual Gross Proceeds as % of Number Date Cross-Reference Date Value Balance Actual Balance 510000062 02/04/2002 109 04/03/2001 1,355,000.00 1,575,604.68 1,576,956.45 100.086% 265330755 10/11/2002 110 10/11/2001 1,750,000.00 1,584,943.91 1,838,273.18 115.983% 510000057 05/05/2003 116 04/12/2001 1,445,000.00 1,420,069.51 1,339,549.81 94.330% 510000056 08/27/2002 117 04/01/2001 980,000.00 1,351,514.20 947,108.28 70.078% 510000067 02/08/2002 135 03/20/2001 1,025,000.00 847,144.89 620,384.49 73.232% Current Total 0.00 0.00 0.00 Cumulative Total 6,555,000.00 6,779,277.19 6,322,272.21
Aggregate Net Net Proceeds Repurchased Loan Liquidation Liquidation as a % of Realized by Seller Number Expenses* Proceeds Actual Balance Loss (Y/N) 510000062 159,011.61 1,417,944.84 89.994% 312,789.35 N 265330755 279,377.19 1,558,895.99 98.357% 17,204.99 N 510000057 521,390.24 818,159.57 57.614% 535,512.74 N 510000056 0.00 947,108.28 70.078% 360,395.07 N 510000067 147,757.49 472,627.00 55.791% 509,459.55 N Current Total 0.00 0.00 0.00 Cumulative Total 1,107,536.53 5,214,735.68 1,735,361.70 *Aggregate liquidation expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.)
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