-----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, SI2RXXCdYdVM18EPs41uqQ0TNpw1Inyc8IAC7yU+nHOd7JYZw/WvHcqtemDrWeXW joHLFeQwEJ/CE7bkfTQIYw== 0001056404-04-003065.txt : 20040921 0001056404-04-003065.hdr.sgml : 20040921 20040921104025 ACCESSION NUMBER: 0001056404-04-003065 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040917 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040921 DATE AS OF CHANGE: 20040921 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: 041038561 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 fun00c01_sep.txt SEPTEMBER 8K UNITED STATES 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: September 17, 2004 (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) 52-7086299 52-2243280 52-2243286 52-2243288 52-2243289 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 17, 2004, a distribution was made to holders of First Union National Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2000-C1. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2000-C1, relating to the September 17, 2004 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 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: September 17, 2004 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 September 17, 2004 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 First Union National Bank Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates 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: September 17, 2004 Record Date: August 31, 2004 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 - 21 Modified Loan Detail 22 Liquidated Loan Detail 23 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, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, 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, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 2004, Wells Fargo Bank, N.A.
Certificate Distribution Detail Class CUSIP Pass-Through Original Beginning Principal Interest Rate Balance Balance Distribution Distribution A-1 33736XAA7 7.739000% 95,500,000.00 56,593,153.49 487,528.26 364,978.68 A-2 33736XAB5 7.841000% 480,921,000.00 480,921,000.00 0.00 3,142,417.97 B 33736XAC3 7.973000% 38,817,000.00 38,817,000.00 0.00 257,906.62 C 33736XAD1 8.087000% 34,934,000.00 34,934,000.00 0.00 235,426.05 D 33736XAE9 8.185000% 11,645,000.00 11,645,000.00 0.00 79,428.60 E 33736XAF6 8.512656% 25,231,000.00 25,231,000.00 0.00 178,985.68 F 33736XAG4 8.512656% 11,645,000.00 11,645,000.00 0.00 82,608.23 G 33736XAJ8 6.250000% 29,112,000.00 29,112,000.00 0.00 151,625.00 H 33736XAK5 6.250000% 7,763,000.00 7,763,000.00 0.00 40,432.29 J 33736XAL3 6.250000% 3,882,000.00 3,882,000.00 0.00 20,218.75 K 33736XAM1 6.250000% 7,763,000.00 7,763,000.00 0.00 40,432.29 L 33736XAN9 6.250000% 5,823,000.00 5,823,000.00 0.00 30,328.13 M 33736XAP4 6.250000% 8,733,000.00 8,733,000.00 0.00 45,484.38 N 33736XAQ2 6.250000% 14,556,806.00 11,845,450.71 0.00 57,381.59 R-I N/A 0.000000% 0.00 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 0.00 R-III N/A 0.000000% 0.00 0.00 0.00 0.00 R-IV N/A 0.000000% 0.00 0.00 0.00 0.00 Totals 776,325,806.00 734,707,604.20 487,528.26 4,727,654.26
Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 33736XAA7 0.00 0.00 852,506.94 56,105,625.23 26.86% A-2 33736XAB5 0.00 0.00 3,142,417.97 480,921,000.00 26.86% B 33736XAC3 0.00 0.00 257,906.62 38,817,000.00 21.57% C 33736XAD1 0.00 0.00 235,426.05 34,934,000.00 16.81% D 33736XAE9 0.00 0.00 79,428.60 11,645,000.00 15.23% E 33736XAF6 0.00 0.00 178,985.68 25,231,000.00 11.79% F 33736XAG4 0.00 0.00 82,608.23 11,645,000.00 10.20% G 33736XAJ8 0.00 0.00 151,625.00 29,112,000.00 6.24% H 33736XAK5 0.00 0.00 40,432.29 7,763,000.00 5.18% J 33736XAL3 0.00 0.00 20,218.75 3,882,000.00 4.65% K 33736XAM1 0.00 0.00 40,432.29 7,763,000.00 3.60% L 33736XAN9 0.00 0.00 30,328.13 5,823,000.00 2.80% M 33736XAP4 0.00 0.00 45,484.38 8,733,000.00 1.61% N 33736XAQ2 0.00 0.00 57,381.59 11,845,450.71 0.00% R-I N/A 0.00 0.00 0.00 0.00 0.00% R-II N/A 0.00 0.00 0.00 0.00 0.00% R-III N/A 0.00 0.00 0.00 0.00 0.00% R-IV N/A 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 5,215,182.52 734,220,075.94
Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount IO 33736XAH2 0.783920% 776,325,806.00 734,707,604.20 479,959.76
Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount IO 33736XAH2 0.00 479,959.76 734,220,075.94 (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 Class CUSIP Beginning Principal Interest Prepayment Realized Loss/ Ending Balance Distribution Distribution Penalties Additional Balance Trust Fund Expenses A-1 33736XAA7 592.59846586 5.10500796 3.82176628 0.00000000 0.00000000 587.49345791 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 7.09387975 0.00000000 0.00000000 1,000.00000000 F 33736XAG4 1,000.00000000 0.00000000 7.09387978 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 813.73968369 0.00000000 3.94190800 0.00000000 0.00000000 813.73968369 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
Class CUSIP Beginning Interest Prepayment Ending Notional Distribution Penalties Notional Amount Amount IO 33736XAH2 946.39080464 0.61824527 0.00000000 945.76281023
Reconciliation Detail Advance Summary P & I Advances Outstanding 458,943.61 Servicing Advances Outstanding 37,682.04 Reimbursement for Interest on Advances 917.48 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 33,530.51 Less Delinquent Servicing Fees 1,175.55 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 1,201.29 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 33,556.25
Certificate Interest Reconciliation Class Accrued Net Aggregate Distributable Distributable Additional Interest Remaining Unpaid Certificate Prepayment Certificate Certificate Trust Fund Distribution Distributable Interest Interest Interest Interest Expenses Certificate Shortfall Adjustment Interest A-1 364,978.68 0.00 364,978.68 0.00 0.00 364,978.68 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 479,959.76 0.00 479,959.76 0.00 0.00 479,959.76 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 178,985.68 0.00 178,985.68 0.00 0.00 178,985.68 0.00 F 82,608.23 0.00 82,608.23 0.00 0.00 82,608.23 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 61,695.06 0.00 61,695.06 0.00 4,313.46 57,381.59 43,539.58 Total 5,211,927.49 0.00 5,211,927.49 0.00 4,313.46 5,207,614.02 43,539.58
Other Required Information Available Distribution Amount (1) 5,695,142.28 Aggregate Number of Outstanding Loans 135 Aggregate Unpaid Principal Balance of Loans 733,557,296.99 Aggregate Stated Principal Balance of Loans 733,523,128.53 Aggregate Amount of Servicing Fee 33,556.25 Aggregate Amount of Special Servicing Fee 3,218.57 Aggregate Amount of Trustee Fee 2,354.95 Aggregate Trust Fund Expenses 1,102.73 Interest Reserve Deposit 0.00 Interest Reserve Withdrawal 0.00 Specially Serviced Loans not Delinquent Number of Outstanding Loans 1 Aggregate Unpaid Principal Balance 3,437,515.53 (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 None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 5,242,868.84 Interest reductions due to Nonrecoverability Determinations 0.00 Interest Adjustments 0.00 Deferred Interest 4,951.90 Net Prepayment Interest Shortfall 0.00 Net Prepayment Interest Excess 0.00 Extension Interest 0.00 Interest Reserve Withdrawal 0.00 Total Interest Collected 5,247,820.74 Principal: Scheduled Principal 487,528.26 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 487,528.26 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 5,735,349.00 Total Funds Distributed Fees: Master Servicing Fee 33,530.51 Trustee Fee 2,354.95 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 35,885.46 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 917.48 ASER Amount 0.00 Special Servicing Fee 3,218.57 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 185.25 Total Additional Trust Fund Expenses 4,321.30 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 5,207,614.02 Principal Distribution 487,528.26 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 5,695,142.28 Total Funds Distributed 5,735,349.04
Ratings Detail Class CUSIP Original Ratings Current Ratings (1) 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 CCC 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 Scheduled # of Scheduled % of WAM WAC Weighted Balance Loans Balance Agg. (2) Avg DSCR (1) Bal. Defeased 4 18,863,558.23 2.57 66 8.5221 NAP Below 2,000,000 41 49,574,173.30 6.76 80 8.7647 1.429763 2,000,001 to 4,000,000 37 100,404,551.21 13.69 81 8.4083 1.289975 4,000,001 to 6,000,000 15 71,439,706.67 9.74 91 8.2192 1.321503 6,000,001 to 8,000,000 6 43,316,325.83 5.91 66 8.3796 1.272355 8,000,001 to 10,000,000 9 80,924,586.91 11.03 85 8.3647 1.246364 10,000,001 to 15,000,000 12 138,244,495.64 18.85 64 8.3973 1.278833 15,000,001 to 20,000,000 5 81,506,892.47 11.11 61 8.0244 1.271898 20,000,001 to 25,000,000 5 111,507,030.70 15.20 81 8.3665 1.160043 25,000,001 to 40,000,000 1 37,741,807.57 5.15 64 7.4000 1.310000 Totals 135 733,523,128.53 100.00 75 8.3074 1.284741
State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Defeased 4 18,863,558.23 2.57 66 8.5221 NAP Alabama 2 23,092,770.28 3.15 66 8.3787 0.860759 Arizona 3 6,290,220.28 0.86 104 8.6513 1.370853 California 13 68,402,268.36 9.33 74 8.3650 1.619724 Colorado 1 5,155,773.91 0.70 63 8.1500 1.350000 Connecticut 6 22,683,780.60 3.09 65 8.4692 1.261067 Florida 28 108,711,965.45 14.82 73 8.3257 1.238378 Georgia 7 13,280,483.56 1.81 71 8.6215 1.099536 Illinois 4 47,932,769.93 6.53 64 8.3791 1.331585 Indiana 1 23,837,834.71 3.25 91 8.5400 1.270000 Kansas 1 9,001,830.67 1.23 63 7.9300 0.930000 Louisiana 3 17,459,080.93 2.38 65 8.6951 0.956834 Maryland 3 54,484,383.68 7.43 59 7.3330 1.355351 Massachusetts 1 5,069,895.67 0.69 67 8.2300 1.420000 Michigan 1 8,514,443.25 1.16 64 8.1250 1.720000 Minnesota 2 6,111,829.29 0.83 65 8.9500 1.423103 Nebraska 2 4,039,972.29 0.55 63 8.1500 1.284000 Nevada 5 57,104,848.00 7.79 86 8.1945 1.217849 New Jersey 8 34,024,500.43 4.64 63 8.4028 1.057717 New York 5 34,152,097.98 4.66 65 8.7499 1.356334 North Carolina 3 10,521,056.30 1.43 87 8.4063 1.279060 Ohio 2 4,581,297.52 0.62 105 8.0042 1.350000 Oklahoma 1 1,530,459.13 0.21 67 8.8200 1.520000 Pennsylvania 5 26,736,551.28 3.64 63 8.3944 1.490747 South Carolina 2 7,495,071.32 1.02 65 8.6531 1.008321 Tennessee 2 8,698,098.74 1.19 87 8.3763 1.420786 Texas 14 59,919,744.78 8.17 67 8.2965 1.089001 Utah 1 1,109,782.45 0.15 63 8.5000 1.140000 Virginia 9 31,417,760.26 4.28 137 8.4200 1.412788 Washington 1 5,137,953.59 0.70 66 8.4400 1.160000 West Virginia 1 1,807,787.93 0.25 125 7.5000 0.940000 Wisconsin 2 6,353,257.73 0.87 206 8.0558 1.347365 Totals 143 733,523,128.53 100.00 75 8.3074 1.284741
Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. Credit Lease 7 29,450,925.42 4.01 175 7.6345 NAP Defeased 4 18,863,558.23 2.57 66 8.5221 NAP 1.19 or less 40 274,945,721.95 37.48 72 8.3013 0.991267 1.20 to 1.24 7 34,691,055.01 4.73 80 8.5460 1.203418 1.25 to 1.29 9 50,548,919.14 6.89 79 8.5543 1.269986 1.30 to 1.34 12 90,004,604.99 12.27 67 8.0688 1.314418 1.35 to 1.39 9 35,034,963.75 4.78 56 7.8035 1.371933 1.40 to 1.44 9 35,239,406.79 4.80 66 8.4761 1.419516 1.45 to 1.49 6 47,112,317.39 6.42 66 8.5245 1.459498 1.50 to 1.54 8 21,695,120.64 2.96 65 8.6299 1.507280 1.55 to 1.59 4 17,720,653.66 2.42 115 8.2227 1.565582 1.60 and greater 20 78,215,881.56 10.66 65 8.4885 1.893362 Totals 135 733,523,128.53 100.00 75 8.3074 1.284741
Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Defeased 4 18,863,558.23 2.57 66 8.5221 NAP Health Care 4 29,819,187.00 4.07 64 8.5889 1.123211 Industrial 6 8,191,395.39 1.12 65 8.7309 1.177337 Lodging 13 74,057,564.43 10.10 83 8.0697 1.024486 Mixed Use 5 15,624,874.37 2.13 64 8.0860 1.939543 Mobile Home Park 2 1,603,165.89 0.22 64 8.8716 1.341990 Multi-Family 52 241,405,040.73 32.91 78 8.1652 1.136058 Office 11 80,201,946.39 10.93 73 8.5002 1.440674 Retail 40 252,788,860.47 34.46 73 8.3735 1.366255 Self Storage 6 10,967,535.63 1.50 67 8.8938 1.728884 Totals 143 733,523,128.53 100.00 75 8.3074 1.284741
Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. Defeased 4 18,863,558.23 2.57 66 8.5221 NAP 7.249% or less 8 37,358,415.29 5.09 111 7.1234 1.366258 7.250% to 7.499% 1 37,741,807.57 5.15 64 7.4000 1.310000 7.500% to 7.749% 3 4,343,531.85 0.59 183 7.5258 0.982571 7.750% to 7.999% 6 46,828,034.99 6.38 115 7.9061 1.346176 8.000% to 8.249% 15 131,650,677.04 17.95 66 8.1414 1.206829 8.250% to 8.499% 23 180,323,072.43 24.58 74 8.3484 1.227636 8.500% to 8.749% 36 180,868,106.86 24.66 70 8.5979 1.269925 8.750% to 8.999% 22 70,124,617.83 9.56 65 8.8308 1.360919 9.000% to 9.249% 9 14,596,628.96 1.99 66 9.0615 1.494985 9.250% to 9.499% 7 9,819,813.80 1.34 65 9.2761 1.450339 9.500% and greater 1 1,004,863.68 0.14 65 9.6250 1.860000 Totals 135 733,523,128.53 100.00 75 8.3074 1.284741
Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. Defeased 4 18,863,558.23 2.57 66 8.5221 NAP 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 0 0.00 0.00 0 0.0000 0.000000 49 months and greater 131 714,659,570.30 97.43 75 8.3018 1.272862 Totals 135 733,523,128.53 100.00 75 8.3074 1.284741
Anticipated Remaining Term (ARD and Balloon Loans) Anticipated # of Scheduled % of WAM WAC Weighted Remaining Term (2) Loans Balance Agg. (2) Avg DSCR (1) Bal. Defeased 4 18,863,558.23 2.57 66 8.5221 NAP 60 months or less 3 19,830,458.60 2.70 46 7.2689 1.289363 61 to 96 months 111 623,416,457.94 84.99 66 8.3905 1.278342 97 to 108 months 1 2,180,726.25 0.30 99 8.3900 1.250000 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 144 months 10 49,899,135.75 6.80 131 7.7100 1.152756 145 to 180 months 0 0.00 0.00 0 0.0000 0.000000 181 to 204 months 1 1,640,511.15 0.22 183 7.5000 1.080000 205 and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 130 715,830,847.92 97.59 70 8.3135 1.284564
Remaining Stated Term (Fully Amortizing Loans) Remaining Stated # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 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 1 9,501,814.36 1.30 246 8.4734 NAP 253 to 300 months 4 8,190,466.25 1.12 297 7.5872 1.299729 301 and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 5 17,692,280.61 2.41 270 8.0632 1.299729
Remaining Amortization Term (ARD and Balloon Loans) Remaining Amortization # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. Defeased 4 18,863,558.23 2.57 66 8.5221 NAP 180 months or less 0 0.00 0.00 0 0.0000 0.000000 181 to 228 months 7 23,095,895.44 3.15 131 7.4414 1.310000 229 to 240 months 0 0.00 0.00 0 0.0000 0.000000 241 to 252 months 17 40,872,249.64 5.57 67 8.7565 1.352963 253 to 288 months 2 17,574,606.44 2.40 45 7.1905 1.338057 289 to 300 months 5 38,410,290.00 5.24 61 8.2283 1.081319 301 to 348 months 95 577,014,248.17 78.66 69 8.3500 1.277369 349 and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 130 715,830,847.92 97.59 70 8.3135 1.284564
Age of Most Recent NOI Age of Most # of Scheduled % of WAM WAC Weighted Recent NOI Loans Balance Agg. (2) Avg DSCR (1) Bal. Credit Lease 7 29,450,925.42 4.01 175 7.6345 NAP Defeased 4 18,863,558.23 2.57 66 8.5221 NAP 1 year or less 118 669,118,672.31 91.22 71 8.3217 1.272537 1 to 2 years 5 13,901,770.38 1.90 67 8.6660 1.241437 2 years or greater 1 2,188,202.19 0.30 63 8.8750 1.571841 Totals 135 733,523,128.53 100.00 75 8.3074 1.284741 (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 ommission 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 Balance 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 240,708.08 32,781.94 7.400% 265330682 2 RT Cicero IL 171,378.91 14,253.25 8.210% 373000006 3 OF Indianapolis IN 175,408.13 14,596.75 8.540% 510000113 4 RT Bronx NY 162,757.82 15,417.27 8.813% 265330787 5 MF Las Vegas NV 155,424.31 0.00 8.270% 265330718 6 MF Henderson NV 138,796.08 13,537.05 7.980% 265330708 7 MF Coral Springs FL 132,553.36 13,707.82 8.092% 510000120 8 RT Covina CA 122,346.68 10,628.61 8.440% 510000015 9 MF Temple Hills MD 91,626.97 17,003.75 6.977% 265330739 10 HC Gainesville FL 112,019.28 9,900.07 8.470% 265330700 11 MF Spring TX 105,081.25 10,996.57 8.080% 265330757 12 MF Katy TX 105,040.49 0.00 8.270% 265330800 13 MF Auburn AL 90,875.46 7,045.82 8.180% 473000002 14 RT Fountain Valley CA 93,916.79 7,647.63 8.590% 265330754 15 RT East Hartford CT 92,748.64 7,568.17 8.640% 473000001 16 MF Baton Rouge LA 90,800.04 5,762.56 8.625% 265330635 17 LO Secaucus NJ 81,013.34 8,049.32 8.250% 265330634 18 LO King of Prussia PA 80,432.48 7,991.60 8.250% 265330778 19 RT Chicago IL 83,562.67 5,678.68 8.530% 265330710 20 RT Henderson NV 77,681.52 8,148.87 8.180% 265330684 21 LO Tampa FL 75,243.52 12,325.91 8.583% 265330714 22 MU Monterey Park CA 69,093.87 8,006.36 7.810% 265330743 23 HC Birmingham AL 75,835.51 6,258.84 8.630% 510000115 24 OF San Jose CA 77,911.87 5,630.84 8.875% 373000004 25 MF Jacksonville FL 71,224.95 7,253.24 8.600% 265330636 26 LO Elizabeth NJ 68,043.00 6,760.62 8.250% 815114088 27 RT Fredericksburg VA 67,165.21 10,099.33 8.473% 265330783 28 RT Decatur IL 67,526.55 5,275.43 8.740% 265330758 29 RT Santa Ana CA 65,891.91 4,925.01 8.580% 265330726 30 MF Wichita KS 61,503.95 4,970.88 7.930% 373000002 31 OF Troy MI 59,621.88 7,195.48 8.125% 265330713 32 MF Miami FL 59,212.80 6,096.15 8.120% 510000110 33 OF Miquon PA 60,895.04 6,631.31 8.430% 510000117 34 RT Eatontown NJ 56,996.96 4,743.05 8.540% 265330744 35 RT Plantation FL 53,668.06 4,864.83 8.410% 510000122 36 RT Carrboro NC 52,565.44 4,625.38 8.410% 510000118 37 OF Hampton VA 51,630.25 4,820.23 8.270% 265330766 38 MF Nashville TN 52,176.09 4,369.00 8.580% 265330721 39 RT West Haven CT 45,725.90 4,849.55 8.030% 265330694 40 OF El Paso TX 42,515.16 3,913.85 8.390% 510000104 41 OF Orangeburg NY 40,945.64 4,697.84 8.330% 265330624 42 MF San Diego CA 42,041.24 3,575.78 8.560% 825999700 43 LO Goleta CA 28,297.67 0.00 7.235% 265330698 44 MF Evans CO 36,209.35 3,682.35 8.150% 265330790 45 MF Ellensburg WA 37,365.26 3,269.05 8.440% 265330784 46 RT Weymouth MA 35,954.26 3,413.44 8.230% 825999675 47 LO Cocoa Beach FL 26,011.91 0.00 7.235% 265330716 48 MF Indio CA 32,820.11 3,180.59 8.250% 510000119 49 OF Hampton VA 31,625.60 2,965.01 8.260% 265330701 50 MF Houston TX 31,403.45 3,090.16 8.230% 265330683 51 LO Greenville SC 32,157.84 2,708.32 8.583% 265330735 52 RT Coon Rapids MN 32,179.53 2,384.26 8.860% 473000003 53 RT Tempe AZ 30,727.97 2,681.32 8.500% 265330673 54 RT Shillington PA 29,883.46 2,799.65 8.375% 245114206 55 MF Greenfield WI 26,800.12 3,289.19 7.750% 265330638 56 LO San Antonio TX 27,539.75 2,736.29 8.250% 825999702 57 LO Gainesville FL 19,886.08 0.00 7.235% 265330717 58 MF Arlington TX 25,935.26 2,784.29 8.000% 825999701 59 LO Pismo Beach CA 19,017.50 0.00 7.235% 265330720 61 RT Lauderdale Lakes FL 25,698.60 4,174.54 8.610% 265330777 62 RT Tampa FL 26,267.76 2,121.57 8.625% 265330586 63 LO Bossier City LA 26,227.44 4,029.18 8.850% 265330709 65 RT Wheaton IL 23,581.44 2,405.96 8.125% 373000005 66 OF New York NY 25,609.05 1,748.12 9.000% 265330751 67 RT Chapin SC 23,745.19 4,650.78 8.750% 265330697 68 MF Kearney NE 22,698.40 2,308.34 8.150% 265330753 69 MF San Antonio TX 22,898.57 2,006.63 8.490% 265330759 71 RT Pinellas Park FL 22,572.28 1,771.16 8.730% 265330804 72 SS Miami FL 22,077.65 3,258.71 8.820% 265330732 73 MF Jacksonville FL 21,252.28 1,719.20 8.660% 825999706 74 LO Macedonia OH 14,217.41 0.00 7.235% 510000123 75 IN Hartford CT 20,001.58 3,018.44 8.750% 510000112 76 IN North Las Vegas NV 19,516.75 1,946.36 8.690% 265330776 77 MF Sealy TX 18,682.50 1,508.92 8.625% 265330724 78 MU Princeton NJ 18,268.88 1,587.38 8.510% 265330785 79 MF Kennesaw GA 18,258.76 1,493.29 8.580% 825999703 80 LO Pensacola FL 12,845.95 0.00 7.235% 265330779 81 MU Charlotte NC 17,770.26 2,755.14 8.690% 510000046 82 RT East Madison WI 16,759.39 3,258.60 8.580% 265330712 83 MF Smyrna GA 17,129.79 1,623.81 8.320% 510000114 84 RT Jacksonville FL 18,463.04 1,579.45 9.080% 265330804 85 SS Philadelphia PA 17,509.36 2,584.43 8.820% 373000001 87 MF Atlantic Beach FL 15,321.57 2,115.61 7.880% 265330699 88 MF Marietta GA 16,739.25 1,448.27 8.520% 265330804 89 SS Cleveland OH 16,904.10 2,495.09 8.820% 265330792 90 RT Warner Robins GA 15,774.56 2,687.18 8.390% 265330813 91 HC Lawrenceville GA 17,588.83 1,124.73 9.125% 265330750 92 MF Richmond VA 16,659.84 1,331.70 8.688% 125157744 93 MF Reston VA 13,359.85 2,087.53 7.125% 265330703 94 RT St. James NY 16,732.58 1,248.99 8.875% 373000003 95 MF Jacksonville FL 16,025.62 1,631.97 8.600% 265330788 97 HC Pompano Beach FL 15,234.94 1,195.86 8.690% 265330789 98 RT Woodbridge VA 15,451.69 2,171.43 9.000% 510000116 99 RT Fallbrook CA 15,678.66 1,264.52 9.250% 265330746 100 RT Houston TX 15,039.31 1,114.29 8.860% 265330786 101 RT Minneapolis MN 14,949.59 951.47 9.150% 125129425 102 MF Hurricane WV 11,311.01 1,974.07 7.500% 265330740 103 MF Shreveport LA 13,777.79 1,021.21 8.875% 265330741 104 RT Lake Elsinore CA 13,649.82 845.72 9.250% 125129422 105 MF Knoxville TN 10,264.56 1,817.87 7.500% 265330621 106 IN Newport News VA 12,166.32 971.58 8.750% 265330742 107 RT Moreno Valley CA 12,136.51 859.80 8.960% 265330804 108 SS Tulsa OK 11,636.88 1,717.63 8.820% 265330727 111 MF New York NY 11,459.70 881.41 8.720% 265330769 112 RT Gaithersburg MD 12,023.00 744.92 9.250% 265330782 113 OF Las Vegas NV 11,705.38 725.25 9.250% 265330771 114 RT Suffolk VA 11,821.92 681.60 9.400% 265330704 115 MF West Hollywood CA 10,214.42 960.23 8.340% 265330761 118 MF Phoenix AZ 10,116.03 744.52 8.875% 265330756 119 IN Fairfield NJ 9,951.10 779.49 8.750% 265330600 120 OF Portola Valley CA 9,574.93 1,334.62 9.000% 265330736 121 MF Ft. Pierce FL 9,426.03 754.69 8.700% 265330737 122 MF San Antonio TX 8,693.58 799.72 8.375% 125129423 123 MF Bradenton FL 7,275.69 1,398.50 7.875% 265330725 124 MF Salt Lake City UT 8,128.22 714.29 8.500% 265330748 125 MH Islamorada FL 8,417.14 625.27 8.870% 265330804 126 SS Conroe TX 7,623.42 1,125.23 8.820% 265330762 127 SS Bloomingdale NJ 8,336.57 972.77 9.625% 265330711 128 RT Westport CT 7,072.03 617.10 8.500% 265330730 129 MF East Point GA 7,056.09 597.58 8.570% 265330774 130 RT Hurst TX 7,486.82 958.56 9.290% 265330806 131 MF Jupiter FL 7,056.12 535.54 8.750% 125129421 132 MF Wingate NC 5,694.77 993.88 7.625% 265330802 133 MF Universal City TX 6,533.89 1,014.46 8.660% 265330745 134 MF Montclair NJ 6,654.66 466.25 9.000% 265330696 136 MF Norfolk NE 5,674.60 577.08 8.150% 265330733 137 RT Mesa AZ 6,044.72 403.58 9.090% 265330719 138 RT Decatur GA 6,117.45 381.69 9.250% 265330749 139 MF Richmond VA 5,861.53 419.49 8.938% 265330705 140 MF Hollywood CA 5,564.16 461.03 8.550% 265330722 141 RT Mesa AZ 5,124.31 450.31 8.500% 265330770 142 RT Quakertown PA 4,695.23 628.78 9.125% 265330706 143 MH Conroe TX 3,837.04 284.40 8.875% 265330794 144 MU Clifton NJ 2,152.94 172.65 8.625% 265330795 145 MU West Orange NJ 1,597.52 108.28 9.000% Totals 5,242,868.84 487,528.26
Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 355132466 N/A 01/01/2010 N 37,774,589.51 37,741,807.57 09/01/2004 265330682 N/A 01/01/2010 N 24,241,250.55 24,226,997.30 09/01/2004 373000006 04/01/2012 04/01/2030 N 23,852,431.46 23,837,834.71 09/01/2004 510000113 02/01/2010 02/01/2030 N 21,447,838.69 21,432,421.42 09/01/2004 265330787 N/A 03/01/2010 N 21,825,000.00 21,825,000.00 09/01/2004 265330718 N/A 01/01/2015 N 20,198,314.32 20,184,777.27 09/01/2004 265330708 N/A 01/01/2010 N 19,022,854.57 19,009,146.75 09/01/2004 510000120 N/A 04/01/2010 N 16,834,124.54 16,823,495.93 09/01/2004 510000015 06/01/2008 06/01/2028 N 15,250,898.27 15,233,894.52 09/01/2004 265330739 N/A 01/01/2010 N 15,358,548.76 15,348,648.69 09/01/2004 265330700 N/A 12/01/2009 N 15,102,703.15 15,091,706.58 09/01/2004 265330757 N/A 01/01/2010 N 14,750,000.00 14,750,000.00 09/01/2004 265330800 N/A 04/01/2010 N 12,901,319.14 12,894,273.32 07/01/2004 473000002 N/A 04/01/2010 N 12,696,700.85 12,689,053.22 09/01/2004 265330754 N/A 02/01/2010 N 12,466,215.66 12,458,647.49 09/01/2004 473000001 N/A 03/01/2010 N 12,225,530.81 12,219,768.25 09/01/2004 265330635 N/A 10/01/2009 N 11,403,637.26 11,395,587.94 09/01/2004 265330634 N/A 10/01/2009 N 11,321,873.74 11,313,882.14 09/01/2004 265330778 N/A 02/01/2010 N 11,376,380.43 11,370,701.75 09/01/2004 265330710 N/A 01/01/2010 N 11,028,215.25 11,020,066.38 09/01/2004 265330684 N/A 01/01/2010 N 10,180,538.97 10,168,213.06 09/01/2004 265330714 N/A 01/01/2010 N 10,273,757.48 10,265,751.12 09/01/2004 265330743 N/A 01/01/2010 N 10,204,755.80 10,198,496.96 07/01/2004 510000115 N/A 03/01/2010 N 10,194,738.07 10,189,107.23 09/01/2004 373000004 N/A 02/01/2010 N 9,617,772.98 9,610,519.74 09/01/2004 265330636 N/A 10/01/2009 N 9,577,900.96 9,571,140.34 09/01/2004 815114088 N/A 03/01/2025 N 9,511,913.69 9,501,814.36 09/01/2004 265330783 N/A 02/01/2010 N 8,972,303.68 8,967,028.25 09/01/2004 265330758 N/A 02/01/2010 N 8,918,372.04 8,913,447.03 09/01/2004 265330726 N/A 12/01/2009 N 9,006,801.55 9,001,830.67 09/01/2004 373000002 N/A 01/01/2010 N 8,521,638.73 8,514,443.25 09/01/2004 265330713 N/A 12/01/2009 N 8,468,381.08 8,462,284.93 09/01/2004 510000110 N/A 01/01/2010 N 8,388,709.65 8,382,078.34 09/01/2004 510000117 N/A 04/01/2010 N 7,750,586.97 7,745,843.92 09/01/2004 265330744 N/A 01/01/2010 N 7,410,724.89 7,405,860.06 09/01/2004 510000122 N/A 04/01/2010 N 7,258,470.88 7,253,845.50 09/01/2004 510000118 N/A 04/01/2010 N 7,250,025.76 7,245,205.53 09/01/2004 265330766 N/A 02/01/2010 N 7,061,956.59 7,057,587.59 09/01/2004 265330721 N/A 01/01/2010 N 6,612,832.78 6,607,983.23 09/01/2004 265330694 N/A 12/01/2009 N 5,884,677.76 5,880,763.91 09/01/2004 510000104 N/A 11/01/2009 N 5,708,256.78 5,703,558.94 09/01/2004 265330624 N/A 01/01/2010 N 5,703,514.40 5,699,938.62 09/01/2004 825999700 N/A 06/01/2016 N 4,693,462.46 4,693,462.46 09/01/2004 265330698 N/A 12/01/2009 N 5,159,456.26 5,155,773.91 09/01/2004 265330790 N/A 03/01/2010 N 5,141,222.64 5,137,953.59 09/01/2004 265330784 N/A 04/01/2010 N 5,073,309.11 5,069,895.67 09/01/2004 825999675 N/A 06/01/2016 N 4,314,345.96 4,314,345.96 09/01/2004 265330716 N/A 01/01/2010 N 4,619,839.78 4,616,659.19 09/01/2004 510000119 N/A 04/01/2010 N 4,446,308.56 4,443,343.55 09/01/2004 265330701 N/A 12/01/2009 N 4,431,169.45 4,428,079.29 09/01/2004 265330683 N/A 01/01/2010 N 4,350,995.26 4,348,286.94 09/01/2004 265330735 N/A 02/01/2010 N 4,217,807.65 4,215,423.39 09/01/2004 473000003 N/A 01/01/2015 N 4,198,129.30 4,195,447.98 09/01/2004 265330673 N/A 11/01/2009 N 4,143,686.30 4,140,886.65 09/01/2004 245114206 N/A 09/01/2029 N 4,015,835.00 4,012,545.81 09/01/2004 265330638 N/A 10/01/2009 N 3,876,563.71 3,873,827.42 09/01/2004 825999702 N/A 06/01/2016 N 3,298,313.69 3,298,313.69 09/01/2004 265330717 N/A 01/01/2015 N 3,764,795.80 3,762,011.51 09/01/2004 825999701 N/A 06/01/2016 N 3,154,249.41 3,154,249.41 09/01/2004 265330720 N/A 01/01/2010 N 3,466,147.54 3,461,973.00 09/01/2004 265330777 N/A 03/01/2010 N 3,536,753.68 3,534,632.11 09/01/2004 265330586 N/A 11/01/2009 N 3,441,544.71 3,437,515.53 09/01/2004 265330709 N/A 01/01/2010 N 3,370,448.59 3,368,042.63 09/01/2004 373000005 N/A 03/01/2010 N 3,304,393.73 3,302,645.61 08/01/2004 265330751 N/A 04/01/2010 N 3,151,435.16 3,146,784.38 09/01/2004 265330697 N/A 12/01/2009 N 3,234,285.90 3,231,977.56 09/01/2004 265330753 N/A 01/01/2010 N 3,132,142.06 3,130,135.43 09/01/2004 265330759 N/A 02/01/2010 N 3,002,631.27 3,000,860.11 09/01/2004 265330804 N/A 04/01/2010 N 2,906,866.48 2,903,607.77 09/01/2004 265330732 N/A 02/01/2010 N 2,849,891.88 2,848,172.68 09/01/2004 825999706 N/A 06/01/2016 N 2,358,104.72 2,358,104.72 09/01/2004 510000123 N/A 04/01/2010 N 2,654,587.33 2,651,568.89 09/01/2004 510000112 N/A 01/01/2010 N 2,608,125.22 2,606,178.86 09/01/2004 265330776 N/A 03/01/2010 N 2,515,455.79 2,513,946.87 09/01/2004 265330724 N/A 01/01/2010 N 2,493,005.44 2,491,418.06 09/01/2004 265330785 N/A 04/01/2010 N 2,471,296.82 2,469,803.53 09/01/2004 825999703 N/A 06/01/2016 N 2,130,634.82 2,130,634.82 09/01/2004 265330779 N/A 03/01/2010 N 2,374,733.17 2,371,978.03 09/01/2004 510000046 N/A 06/01/2008 N 2,343,970.52 2,340,711.92 09/01/2004 265330712 N/A 12/01/2009 N 2,390,944.71 2,389,320.90 09/01/2004 510000114 N/A 03/01/2010 N 2,361,338.28 2,359,758.83 09/01/2004 265330804 N/A 04/01/2010 N 2,305,380.02 2,302,795.59 09/01/2004 373000001 N/A 07/01/2009 N 2,257,967.77 2,255,852.16 09/01/2004 265330699 N/A 01/01/2010 N 2,281,587.38 2,280,139.11 09/01/2004 265330804 N/A 04/01/2010 N 2,225,687.89 2,223,192.80 09/01/2004 265330792 N/A 12/01/2012 N 2,183,413.43 2,180,726.25 09/01/2004 265330813 N/A 04/01/2010 N 2,238,437.58 2,237,312.85 09/01/2004 265330750 N/A 02/01/2010 N 2,226,982.35 2,225,650.65 09/01/2004 125157744 N/A 09/01/2029 N 2,177,497.24 2,175,409.71 09/01/2004 265330703 N/A 12/01/2009 N 2,189,451.18 2,188,202.19 09/01/2004 373000003 N/A 02/01/2010 N 2,163,999.10 2,162,367.13 09/01/2004 265330788 N/A 03/01/2010 N 2,035,924.36 2,034,728.50 09/01/2004 265330789 N/A 03/01/2010 N 1,993,766.82 1,991,595.39 09/01/2004 510000116 N/A 03/01/2010 N 1,968,375.32 1,967,110.80 09/01/2004 265330746 N/A 02/01/2010 N 1,971,219.42 1,970,105.13 09/01/2004 265330786 N/A 03/01/2010 N 1,897,357.37 1,896,405.90 09/01/2004 125129425 N/A 02/01/2015 N 1,809,762.00 1,807,787.93 09/01/2004 265330740 N/A 01/01/2010 N 1,802,818.36 1,801,797.15 04/01/2004 265330741 N/A 02/01/2010 N 1,713,665.78 1,712,820.06 09/01/2004 125129422 N/A 12/01/2019 N 1,642,329.02 1,640,511.15 09/01/2004 265330621 N/A 11/01/2009 N 1,614,699.89 1,613,728.31 09/01/2004 265330742 N/A 02/01/2010 N 1,572,992.22 1,572,132.42 09/01/2004 265330804 N/A 04/01/2010 N 1,532,176.76 1,530,459.13 09/01/2004 265330727 N/A 04/01/2010 N 1,526,151.23 1,525,269.82 09/01/2004 265330769 N/A 02/01/2010 N 1,509,426.51 1,508,681.59 09/01/2004 265330782 N/A 02/01/2010 N 1,469,550.74 1,468,825.49 09/01/2004 265330771 N/A 02/01/2010 N 1,460,498.39 1,459,816.79 09/01/2004 265330704 N/A 12/01/2009 N 1,422,291.62 1,421,331.39 09/01/2004 265330761 N/A 02/01/2010 N 1,323,678.35 1,322,933.83 09/01/2004 265330756 N/A 01/01/2010 N 1,320,698.82 1,319,919.33 09/01/2004 265330600 N/A 04/01/2010 N 1,235,474.45 1,234,139.83 09/01/2004 265330736 N/A 01/01/2010 N 1,258,202.42 1,257,447.73 09/01/2004 265330737 N/A 01/01/2010 N 1,205,465.29 1,204,665.57 09/01/2004 125129423 N/A 11/01/2027 N 1,108,676.46 1,107,277.96 09/01/2004 265330725 N/A 12/01/2009 N 1,110,496.74 1,109,782.45 09/01/2004 265330748 N/A 01/01/2010 N 1,102,000.22 1,101,374.95 09/01/2004 265330804 N/A 04/01/2010 N 1,003,741.89 1,002,616.66 09/01/2004 265330762 N/A 02/01/2010 N 1,005,836.45 1,004,863.68 09/01/2004 265330711 N/A 01/01/2010 N 966,198.09 965,580.99 09/01/2004 265330730 N/A 01/01/2010 N 956,145.90 955,548.32 09/01/2004 265330774 N/A 03/01/2010 N 935,885.03 934,926.47 09/01/2004 265330806 N/A 04/01/2010 N 936,480.36 935,944.82 09/01/2004 125129421 N/A 09/01/2029 N 896,226.65 895,232.77 09/01/2004 265330802 N/A 01/01/2010 N 876,183.46 875,169.00 09/01/2004 265330745 N/A 01/01/2010 N 858,666.23 858,199.98 09/01/2004 265330696 N/A 12/01/2009 N 808,571.81 807,994.73 09/01/2004 265330733 N/A 02/01/2010 N 772,242.05 771,838.47 09/01/2004 265330719 N/A 01/01/2010 N 768,014.29 767,632.60 09/01/2004 265330749 N/A 02/01/2010 N 761,615.46 761,195.97 09/01/2004 265330705 N/A 04/01/2010 N 755,743.09 755,282.06 09/01/2004 265330722 N/A 12/01/2009 N 700,096.15 699,645.84 09/01/2004 265330770 N/A 04/01/2010 N 597,537.34 596,908.56 09/01/2004 265330706 N/A 01/01/2010 N 502,075.34 501,790.94 09/01/2004 265330794 N/A 04/01/2010 N 289,876.29 289,703.64 09/01/2004 265330795 N/A 04/01/2010 N 206,131.80 206,023.52 09/01/2004 Totals 734,010,656.79 733,523,128.53
Loan Appraisal Appraisal Res. Mod. Number Reduction Reduction Strat. Code Date Amount (2) (3) 265330743 6 265330586 13 265330740 2 Totals 0.00 (1) Property Type Code MF - Multi-Family RT - Retail HC - Health Care IN - Industrial WH - Warehouse MH - Mobile Home Park OF - Office MU - Mixed Use LO - Lodging SS - Self Storage 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 Date # Balance # Balance # Balance 09/17/2004 2 $23,092,770.28 0 $0.00 0 $0.00 08/17/2004 0 $0.00 1 $10,204,755.80 0 $0.00 07/16/2004 1 $10,210,968.47 0 $0.00 0 $0.00 06/17/2004 0 $0.00 1 $1,805,279.29 0 $0.00 05/17/2004 1 $1,806,274.09 0 $0.00 0 $0.00 04/16/2004 0 $0.00 0 $0.00 0 $0.00 03/17/2004 1 $1,808,680.03 0 $0.00 0 $0.00 02/18/2004 0 $0.00 0 $0.00 0 $0.00 01/16/2004 1 $1,811,489.90 0 $0.00 1 $0.00 12/17/2003 0 $0.00 0 $0.00 1 $2,078,344.69 11/18/2003 1 $1,813,821.88 0 $0.00 1 $2,080,935.10 10/20/2003 0 $0.00 0 $0.00 1 $2,083,011.53
Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 09/17/2004 1 $1,801,797.15 0 $0.00 0 $0.00 08/17/2004 1 $1,802,818.36 0 $0.00 0 $0.00 07/16/2004 1 $1,803,831.83 0 $0.00 0 $0.00 06/17/2004 0 $0.00 0 $0.00 0 $0.00 05/17/2004 0 $0.00 0 $0.00 0 $0.00 04/16/2004 0 $0.00 0 $0.00 0 $0.00 03/17/2004 0 $0.00 0 $0.00 0 $0.00 02/18/2004 0 $0.00 0 $0.00 0 $0.00 01/16/2004 0 $0.00 0 $0.00 0 $0.00 12/17/2003 0 $0.00 0 $0.00 0 $0.00 11/18/2003 0 $0.00 0 $0.00 0 $0.00 10/20/2003 0 $0.00 0 $0.00 0 $0.00
Prepayments Rate and Maturities Distribution Curtailments Payoff Next Weighted Avg. WAM Date # Amount # Amount Coupon Remit 09/17/2004 0 $0.00 0 $0.00 8.307421% 8.243490% 75 08/17/2004 0 $0.00 2 $5,719,112.11 8.307420% 8.243491% 76 07/16/2004 0 $0.00 0 $0.00 8.307951% 8.244050% 77 06/17/2004 0 $0.00 0 $0.00 8.307959% 8.244062% 77 05/17/2004 0 $0.00 0 $0.00 8.307345% 8.243371% 79 04/16/2004 0 $0.00 0 $0.00 8.307354% 8.243383% 80 03/17/2004 0 $0.00 0 $0.00 8.307349% 8.243382% 81 02/18/2004 0 $0.00 0 $0.00 8.307370% 8.248067% 82 01/16/2004 0 $0.00 1 $388,498.18 8.307365% 8.248065% 83 12/17/2003 1 $48,200.00 0 $0.00 8.308244% 8.248267% 83 11/18/2003 0 $0.00 0 $0.00 8.307456% 8.247376% 85 10/20/2003 0 $0.00 0 $0.00 8.307452% 8.247374% 86 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.
Delinquency Loan Detail Offering # of Paid Through Current Outstanding Status of Loan Number Document Months Date P & I P & I Mortgage Cross- Delinq. Advances Advances ** Loan (1) Reference 265330800 13 1 07/01/2004 97,652.50 194,767.16 1 265330743 23 1 07/01/2004 81,881.75 163,338.04 1 373000005 66 0 08/01/2004 27,219.49 27,219.49 B 265330740 103 4 04/01/2004 14,761.44 73,618.92 7 Totals 4 221,515.18 458,943.61
Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date 265330800 12,908,315.68 0.00 265330743 6 02/26/2004 10,210,968.47 10,184.57 373000005 3,304,393.73 0.00 265330740 2 08/14/2003 04/26/2004 1,807,703.62 27,497.47 Totals 28,231,381.50 37,682.04
Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = 1 (2 loans) 179,534.25 358,105.20 23,119,284.15 10,184.57 Total for Status Code = 7 (1 loan) 14,761.44 73,618.92 1,807,703.62 27,497.47 Total for Status Code = B (1 loan) 27,219.49 27,219.49 3,304,393.73 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 Servicing Resolution Scheduled Property Interest Actual Loan Document Transfer Strategy Balance Type (2) State Rate Balance Number Cross Date Code (1) Reference 265330743 23 02/26/2004 6 10,198,496.96 HC AL 8.630% 10,210,968.47 265330586 63 07/22/2004 13 3,437,515.53 LO LA 8.850% 3,437,515.53 265330740 103 08/14/2003 2 1,801,797.15 MF LA 8.875% 1,807,703.62
Net Remaining Loan Operating DSCR Note Maturity Amortization Number Income Date DSCR Date Date Term 265330743 522,584.04 09/30/2003 0.71 01/01/2010 303 265330586 333,044.34 12/31/2003 0.92 11/01/2009 241 265330740 154,275.20 12/31/2003 0.87 01/01/2010 303 (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 RT - Retail HC - Health Care IN - Industrial WH - Warehouse MH - Mobile Home Park OF - Office MU - Mixed Use LO - Lodging SS - Self Storage OT - Other
Specially Serviced Loan Detail - Part 2 Offering Document Resolution Site Other REO Loan Cross Strategy Inspection Phase 1 Appraisal Appraisal Property Number Reference Code (1) Date Date Date Value Revenue 265330743 23 6 05/01/2004 9,100,000.00 265330586 63 13 08/24/1999 5,190,000.00 265330740 103 2 05/26/2004 1,300,000.00
Loan Number Comments from Special Servicer 265330743 The borrower is seeking a refinance of the mortgaged property. An interim arrangement has been discussed with the obligor. The proposal involves the borrower paying the scheduled tax and insurance escrow payments plus the greater of: NOI or $60,000, monthly. The agreement would begin effective August 1 and terminate November 30, 2004. Legal counsel is finalizing the draft with the debtor's counsel. The proposed agreement is expected to be consummated soon. 265330586 Borrower has remitted the 9/1/04 payment, however has not provided updated operating statements as requested. Pursuant to the special servicer's request, Choice Hotels International provided a letter stating that the Borrower is in compliance with franchise requirements and is in good standing. No further requests have been received for forbearance or debt service relief. Loan will be returned once Borrower complies with request for current operating statements. 265330740 The principal converted his personal bankruptcy from 11 to 7 and he effectively abandoned the properties. An appointment of a receiver was granted in early July. Counsel filed foreclosure confirmation and the judge set it for hearing on 10/8/04. Counsel is trying to get counsel to rule without hearing. Title can be taken approx. 60 days after confirmation. (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 Loan Final Offering Appraisal Appraisal Actual Gross Gross Proceeds Number Recovery Document Date Value Balance Proceeds as a % of Determination Cross Actual Balance Date Reference 265330608 12/23/2003 96 02/05/2003 1,200,000.00 2,112,486.75 1,002,236.11 47.443% 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 7,755,000.00 8,891,763.94 7,324,508.32
Liquidated Loan Detail Loan Aggregate Net Net Proceeds Realized Repurchased Number Liquidation Liquidation as a % of Loss by Seller Expenses * Proceeds Actual Balance (Y/N) 265330608 305,813.42 696,422.69 32.967% 1,687,735.42 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 1,413,349.95 5,911,158.37 3,423,097.12 * Aggregate liquidation expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.).
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