-----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, Q4jounReLCb1w2UFMcllLwROA8lc1k6pitWLOH4BrzKU2SQ93GXBDCW3C4QvKEGc TcbW2wFBr59CZg8g89qZUA== 0001056404-04-003067.txt : 20040921 0001056404-04-003067.hdr.sgml : 20040921 20040921104127 ACCESSION NUMBER: 0001056404-04-003067 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 COM MOR SEC INC COM MOR PASS THR CER SER 2001-C1 CENTRAL INDEX KEY: 0001137329 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 561643598 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-53266-01 FILM NUMBER: 041038564 BUSINESS ADDRESS: STREET 1: WELLS FARGO BANK MINNESOTA STREET 2: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842000 MAIL ADDRESS: STREET 1: ONE FIRST UNION CENTER CITY: CHARLOTTE STATE: NC ZIP: 28228 8-K 1 fba01c01_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.: 333-53266-01 First Union National Bank - Bank of America, N.A Commercial Mortgage Pass-Through Certificates Series 2001-C1 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 52-7137420 52-2289281 52-2889282 (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 - Bank of America, N.A, Commercial Mortgage Pass-Through Certificates, Series 2001-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 2001-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 - Bank of America, N.A Commercial Mortgage Pass-Through Certificates Series 2001-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 2001-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 - Bank of America, N.A Commercial Mortgage Pass-Through Certificates Series 2001-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 - 16 Principal Prepayment Detail 17 Historical Detail 18 Delinquency Loan Detail 19 Specially Serviced Loan Detail 20 - 22 Modified Loan Detail 23 Liquidated Loan Detail 24 Underwriter First Union Securities, Inc 201 South College Street Charlotte, NC 28288 Contact: William J. Cohane Phone Number: (704) 383-4984 Underwriter Banc of America Securities LLC 100 North Tryon Street Charlotte, NC 28255 Contact: David Gertner Phone Number: (704) 388-3621 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, Ste. 950 Irving, TX 75038 Contact: Lindsey B. Wright Phone Number: (972) 215-5329 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 337368AA2 5.711000% 167,224,000.00 92,829,882.58 902,015.10 441,792.88 A-2 337368AB0 6.136000% 793,233,000.00 793,233,000.00 0.00 4,056,064.74 A-2F 337368AW4 1.921880% 60,000,000.00 60,000,000.00 0.00 99,297.13 B 337368AC8 6.315000% 52,331,000.00 52,331,000.00 0.00 275,391.89 C 337368AD6 6.403000% 26,166,000.00 26,166,000.00 0.00 139,617.42 D 337368AE4 6.484000% 26,165,000.00 26,165,000.00 0.00 141,378.22 E 337368AF1 6.624000% 16,354,000.00 16,354,000.00 0.00 90,274.08 F 337368AG9 6.838000% 13,082,000.00 13,082,000.00 0.00 74,545.60 G 337368AH7 6.936000% 26,166,000.00 26,166,000.00 0.00 151,239.48 H 337368AJ3 7.039000% 16,354,000.00 16,354,000.00 0.00 95,929.84 J 337368AK0 6.000000% 19,624,000.00 19,624,000.00 0.00 98,120.00 K 337368AL8 6.000000% 16,353,000.00 16,353,000.00 0.00 81,765.00 L 337368AM6 6.000000% 13,083,000.00 13,083,000.00 0.00 65,415.00 M 337368AN4 6.000000% 6,541,000.00 6,541,000.00 0.00 32,705.00 N 337368AP9 6.000000% 9,812,000.00 9,812,000.00 0.00 49,060.00 O 337368AQ7 6.000000% 13,083,000.00 13,083,000.00 0.00 65,415.00 P 337368AR5 6.000000% 6,542,000.00 6,542,000.00 0.00 32,710.00 Q 337368AS3 6.000000% 26,165,728.54 10,919,396.32 0.00 29,723.50 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 Totals 1,308,278,728.54 1,218,638,278.90 902,015.10 6,020,444.78
Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 337368AA2 0.00 0.00 1,343,807.98 91,927,867.48 22.38% A-2 337368AB0 0.00 0.00 4,056,064.74 793,233,000.00 22.38% A-2F 337368AW4 0.00 0.00 99,297.13 60,000,000.00 22.38% B 337368AC8 0.00 0.00 275,391.89 52,331,000.00 18.09% C 337368AD6 0.00 0.00 139,617.42 26,166,000.00 15.94% D 337368AE4 0.00 0.00 141,378.22 26,165,000.00 13.79% E 337368AF1 0.00 0.00 90,274.08 16,354,000.00 12.45% F 337368AG9 0.00 0.00 74,545.60 13,082,000.00 11.37% G 337368AH7 0.00 0.00 151,239.48 26,166,000.00 9.22% H 337368AJ3 0.00 0.00 95,929.84 16,354,000.00 7.88% J 337368AK0 0.00 0.00 98,120.00 19,624,000.00 6.27% K 337368AL8 0.00 0.00 81,765.00 16,353,000.00 4.93% L 337368AM6 0.00 0.00 65,415.00 13,083,000.00 3.85% M 337368AN4 0.00 0.00 32,705.00 6,541,000.00 3.31% N 337368AP9 0.00 0.00 49,060.00 9,812,000.00 2.51% O 337368AQ7 0.00 0.00 65,415.00 13,083,000.00 1.43% P 337368AR5 0.00 0.00 32,710.00 6,542,000.00 0.90% Q 337368AS3 0.00 0.00 29,723.50 10,919,396.32 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% Totals 0.00 0.00 6,922,459.88 1,217,736,263.80
Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount IO-I 337368AT1 0.826871% 392,483,618.56 365,591,483.67 251,914.24 IO-II 337368AU8 1.999629% 216,976,777.50 216,976,777.50 361,560.95 IO-III 337368AV6 2.013642% 915,795,109.98 853,046,795.23 1,431,442.10
Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount IO-I 337368AT1 0.00 251,914.24 365,320,879.14 IO-II 337368AU8 0.00 361,560.95 216,976,777.50 IO-III 337368AV6 0.00 1,431,442.10 852,415,384.66 (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 337368AA2 555.12296429 5.39405289 2.64192269 0.00000000 0.00000000 549.72891140 A-2 337368AB0 1,000.00000000 0.00000000 5.11333333 0.00000000 0.00000000 1,000.00000000 A-2F 337368AW4 1,000.00000000 0.00000000 1.65495217 0.00000000 0.00000000 1,000.00000000 B 337368AC8 1,000.00000000 0.00000000 5.26250005 0.00000000 0.00000000 1,000.00000000 C 337368AD6 1,000.00000000 0.00000000 5.33583352 0.00000000 0.00000000 1,000.00000000 D 337368AE4 1,000.00000000 0.00000000 5.40333346 0.00000000 0.00000000 1,000.00000000 E 337368AF1 1,000.00000000 0.00000000 5.52000000 0.00000000 0.00000000 1,000.00000000 F 337368AG9 1,000.00000000 0.00000000 5.69833359 0.00000000 0.00000000 1,000.00000000 G 337368AH7 1,000.00000000 0.00000000 5.78000000 0.00000000 0.00000000 1,000.00000000 H 337368AJ3 1,000.00000000 0.00000000 5.86583344 0.00000000 0.00000000 1,000.00000000 J 337368AK0 1,000.00000000 0.00000000 5.00000000 0.00000000 0.00000000 1,000.00000000 K 337368AL8 1,000.00000000 0.00000000 5.00000000 0.00000000 0.00000000 1,000.00000000 L 337368AM6 1,000.00000000 0.00000000 5.00000000 0.00000000 0.00000000 1,000.00000000 M 337368AN4 1,000.00000000 0.00000000 5.00000000 0.00000000 0.00000000 1,000.00000000 N 337368AP9 1,000.00000000 0.00000000 5.00000000 0.00000000 0.00000000 1,000.00000000 O 337368AQ7 1,000.00000000 0.00000000 5.00000000 0.00000000 0.00000000 1,000.00000000 P 337368AR5 1,000.00000000 0.00000000 5.00000000 0.00000000 0.00000000 1,000.00000000 Q 337368AS3 417.31673182 0.00000000 1.13597066 0.00000000 0.00000000 417.31673182 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
Class CUSIP Beginning Interest Prepayment Ending Notional Distribution Penalties Notional Amount Amount IO-I 337368AT1 931.48214698 0.64184651 0.00000000 930.79267991 IO-II 337368AU8 1,000.00000000 1.66635782 0.00000000 1,000.00000000 IO-III 337368AV6 931.48214697 1.56305934 0.00000000 930.79267990
Reconciliation Detail Advance Summary P & I Advances Outstanding 1,261,309.77 Servicing Advances Outstanding 97,253.26 Reimbursement for Interest on Advances 0.00 paid from general collections Aggregate amount of Nonrecoverable Advances 0.00 Current 1 Month LIBOR 1.49188%
Servicing Fee Breakdowns Current Period Accrued Servicing Fees 83,683.97 Less Delinquent Servicing Fees 5,339.93 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 2,349.99 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 80,694.03
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-1 441,792.88 0.00 441,792.88 0.00 0.00 441,792.88 0.00 A-2 4,056,064.74 0.00 4,056,064.74 0.00 0.00 4,056,064.74 0.00 A-2F 99,297.13 0.00 99,297.13 0.00 0.00 99,297.13 0.00 IO-I 251,914.24 0.00 251,914.24 0.00 0.00 251,914.24 0.00 IO-II 361,560.95 0.00 361,560.95 0.00 0.00 361,560.95 0.00 IO-III 1,431,442.10 0.00 1,431,442.10 0.00 0.00 1,431,442.10 0.00 B 275,391.89 0.00 275,391.89 0.00 0.00 275,391.89 0.00 C 139,617.42 0.00 139,617.42 0.00 0.00 139,617.42 0.00 D 141,378.22 0.00 141,378.22 0.00 0.00 141,378.22 0.00 E 90,274.08 0.00 90,274.08 0.00 0.00 90,274.08 0.00 F 74,545.60 0.00 74,545.60 0.00 0.00 74,545.60 0.00 G 151,239.48 0.00 151,239.48 0.00 0.00 151,239.48 0.00 H 95,929.84 0.00 95,929.84 0.00 0.00 95,929.84 0.00 J 98,120.00 0.00 98,120.00 0.00 0.00 98,120.00 0.00 K 81,765.00 0.00 81,765.00 0.00 0.00 81,765.00 0.00 L 65,415.00 0.00 65,415.00 0.00 0.00 65,415.00 0.00 M 32,705.00 0.00 32,705.00 0.00 0.00 32,705.00 0.00 N 49,060.00 0.00 49,060.00 0.00 0.00 49,060.00 0.00 O 65,415.00 0.00 65,415.00 0.00 0.00 65,415.00 0.00 P 32,710.00 0.00 32,710.00 0.00 0.00 32,710.00 0.00 Q 54,596.98 0.00 54,596.98 0.00 24,873.48 29,723.50 76,622.12 Total 8,090,235.55 0.00 8,090,235.55 0.00 24,873.48 8,065,362.07 76,622.12
Other Required Information Available Distribution Amount (1) 8,967,377.17 Net Payments Made to Swap Counterparty 207,502.87 Net Payments Received by Swap Counterparty 0.00 Aggregate Number of Outstanding Loans 178 Aggregate Unpaid Principal Balance of Loans 1,217,898,333.68 Aggregate Stated Principal Balance of Loans 1,217,736,263.80 Aggregate Amount of Servicing Fee 80,694.03 Aggregate Amount of Special Servicing Fee 3,099.38 Aggregate Amount of Trustee Fee 2,234.17 Aggregate Trust Fund Expenses 17,609.83 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 4.02(a)(xxxii),(xxxiv) The Swap contract is in effect and there was no Rating Agency Trigger Event or Swap Default during the current period. (1) The Available Distribution Amount includes any Prepayment Premiums.
Appraisal Reduction Amount Loan Appraisal Cumulative Current Date Appraisal Number Reduction ASER ASER Reduction Effected Amount Amount Effected 265330949 33,581.01 167.91 167.91 09/13/2004 265330996 799,272.85 8,025.51 3,996.36 08/11/2004 Total 832,853.86 8,193.42 4,164.27
Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 8,383,656.54 Interest reductions due to Nonrecoverability Determinations 0.00 Interest Adjustments 0.00 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 8,383,656.54 Principal: Scheduled Principal 902,015.10 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 902,015.10 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 9,285,671.64 Total Funds Distributed Fees: Master Servicing Fee 83,683.97 Trustee Fee 2,234.17 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 85,918.14 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 0.00 ASER Amount 4,164.27 Special Servicing Fee 3,099.38 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 17,609.83 Total Additional Trust Fund Expenses 24,873.48 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 8,065,362.07 Principal Distribution 902,015.10 Prepayment Penalties/Yield Maintenance 0.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 207,502.87 Total Payments to Certificateholders & Others 9,174,880.04 Total Funds Distributed 9,285,671.66
Ratings Detail Class CUSIP Original Ratings Current Ratings (1) Fitch Moody's S & P Fitch Moody's S & P A-1 337368AA2 AAA Aaa X AAA Aaa X A-2 337368AB0 AAA Aaa X AAA Aaa X A-2F 337368AW4 AAA Aaa X AAA Aaa X IO-I 337368AT1 AAA Aaa X AAA Aaa X IO-II 337368AU8 AAA Aaa X AAA Aaa X IO-III 337368AV6 AAA Aaa X AAA Aaa X B 337368AC8 AA Aa2 X AA Aa2 X C 337368AD6 A+ A1 X A+ A1 X D 337368AE4 A A2 X A A2 X E 337368AF1 A- A3 X A- A3 X F 337368AG9 BBB+ Baa1 X BBB+ Baa1 X G 337368AH7 BBB Baa2 X BBB Baa2 X H 337368AJ3 BBB- Baa3 X BBB- Baa3 X J 337368AK0 BB+ Ba1 X BB+ Ba1 X K 337368AL8 BB+ NR X BB+ NR X L 337368AM6 BB Ba2 X BB Ba2 X M 337368AN4 BB- Ba3 X BB- Ba3 X N 337368AP9 B+ B1 X B+ B2 X O 337368AQ7 B B2 X B Caa1 X P 337368AR5 B- B3 X B- Caa2 X Q 337368AS3 NR NR X NR NR X 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 2 17,039,539.21 1.40 72 7.9800 NAP Below 2,000,000 35 47,502,480.26 3.90 72 8.2971 1.420465 2,000,001 to 4,000,000 48 133,625,531.50 10.97 71 8.1094 1.302737 4,000,001 to 6,000,000 23 116,061,829.77 9.53 73 8.1872 1.478340 6,000,001 to 8,000,000 20 137,572,654.25 11.30 71 7.9443 1.497413 8,000,001 to 10,000,000 16 141,271,975.59 11.60 73 8.0619 1.482578 10,000,001 to 15,000,000 17 209,660,331.44 17.22 74 7.9359 1.356230 15,000,001 to 20,000,000 6 108,205,126.05 8.89 74 7.8661 1.206411 20,000,001 to 25,000,000 7 167,488,013.31 13.75 69 7.7959 1.417584 25,000,001 to 30,000,000 2 51,652,649.83 4.24 73 8.0817 1.980160 30,000,001 to 35,000,000 0 0.00 0.00 0 0.0000 0.000000 35,000,001 to 40,000,000 1 39,209,304.02 3.22 75 7.7500 0.960000 40,000,001 to 45,000,000 0 0.00 0.00 0 0.0000 0.000000 45,000,001 and greater 1 48,446,828.57 3.98 73 8.0665 1.680000 Totals 178 1,217,736,263.80 100.00 72 7.9891 1.423863
State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Defeased 2 17,039,539.21 1.40 72 7.9800 NAP Alabama 1 1,547,384.25 0.13 75 7.8200 1.620000 Arizona 6 36,209,260.56 2.97 72 8.0942 1.369275 California 34 244,444,208.12 20.07 73 7.9850 1.420282 Connecticut 2 8,534,975.03 0.70 71 8.2250 1.437368 Delaware 1 11,571,870.04 0.95 73 8.3270 1.090000 Florida 20 110,909,193.55 9.11 70 7.8429 1.367478 Georgia 7 42,152,039.43 3.46 74 8.0701 1.196281 Hawaii 1 8,127,044.38 0.67 75 7.9800 1.610000 Idaho 2 5,824,516.66 0.48 73 8.0287 1.215332 Illinois 7 40,903,671.74 3.36 68 8.5191 1.329214 Iowa 2 5,382,039.94 0.44 76 8.0073 1.192898 Kentucky 1 24,647,177.79 2.02 69 8.1500 1.360000 Louisiana 5 24,043,672.99 1.97 64 7.9512 1.031723 Maryland 5 29,316,275.27 2.41 72 8.0490 1.636262 Michigan 6 25,426,852.37 2.09 74 8.0895 1.567352 Minnesota 1 4,649,827.63 0.38 74 8.0400 1.270000 Missouri 3 16,616,316.91 1.36 72 8.0676 1.585151 Montana 1 856,632.73 0.07 74 8.6250 1.470000 Nevada 7 49,103,622.50 4.03 71 8.1231 1.046699 New Hampshire 1 8,239,975.85 0.68 73 8.1300 1.080000 New Jersey 12 61,349,071.86 5.04 73 8.2737 1.370735 New Mexico 1 2,840,646.80 0.23 65 8.4700 1.200000 New York 6 28,151,725.79 2.31 71 8.0797 1.945046 North Carolina 11 108,182,707.55 8.88 75 7.7381 1.177324 Ohio 2 5,517,647.80 0.45 73 8.0417 1.653300 Oklahoma 2 8,863,439.98 0.73 70 8.6480 1.737140 Pennsylvania 3 34,383,750.30 2.82 74 8.1505 1.155583 South Carolina 6 13,289,164.50 1.09 73 8.0792 1.236632 Tennessee 4 18,264,199.02 1.50 73 7.5491 2.003073 Texas 7 74,638,965.51 6.13 68 7.9102 1.544914 Virginia 12 124,618,066.63 10.23 75 7.7611 1.765589 Washington 3 22,090,781.13 1.81 73 8.0162 1.486565 Totals 184 1,217,736,263.80 100.00 72 7.9891 1.423863
Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. Defeased 2 17,039,539.21 1.40 72 7.9800 NAP 1.19 or less 53 409,112,413.87 33.60 73 8.0486 0.955920 1.20 to 1.24 13 39,724,411.94 3.26 67 8.1461 1.223972 1.25 to 1.29 13 81,104,371.69 6.66 73 8.1323 1.264318 1.30 to 1.34 7 35,945,644.65 2.95 73 8.1169 1.325124 1.35 to 1.39 9 59,739,645.09 4.91 72 8.1355 1.367547 1.40 to 1.44 7 31,827,342.74 2.61 74 7.8442 1.420290 1.45 to 1.49 7 26,203,487.97 2.15 73 8.1266 1.464481 1.50 to 1.54 11 82,664,533.74 6.79 73 8.0652 1.525230 1.55 to 1.59 5 10,725,765.70 0.88 74 8.2991 1.579560 1.60 to 1.64 6 17,019,267.72 1.40 74 8.0321 1.613859 1.65 to 1.69 8 146,719,280.86 12.05 68 7.7935 1.670667 1.70 to 1.74 5 27,683,906.96 2.27 74 7.7602 1.717649 1.75 to 1.79 3 16,929,195.36 1.39 72 8.7708 1.780165 1.80 to 1.89 13 100,307,700.81 8.24 73 7.6807 1.855794 1.90 and greater 16 114,989,755.49 9.44 72 7.8849 2.327277 Totals 178 1,217,736,263.80 100.00 72 7.9891 1.423863
Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Defeased 2 17,039,539.21 1.40 72 7.9800 NAP Health Care 1 9,645,760.28 0.79 62 8.8900 2.230000 Industrial 9 59,468,157.61 4.88 75 7.9236 1.246623 Lodging 15 107,365,430.94 8.82 72 8.2502 1.434558 Mixed Use 2 6,312,685.05 0.52 74 8.2500 1.661484 Mobile Home Park 1 856,632.73 0.07 74 8.6250 1.470000 Multi-Family 56 382,116,081.31 31.38 73 7.8856 1.292290 Office 32 309,888,308.84 25.45 73 8.0286 1.457444 Retail 66 325,043,667.83 26.69 70 7.9658 1.523942 Totals 184 1,217,736,263.80 100.00 72 7.9891 1.423863
Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. Defeased 2 17,039,539.21 1.40 72 7.9800 NAP 7.499% or less 13 155,187,073.48 12.74 70 7.3219 1.804041 7.500% to 7.749% 9 45,031,950.16 3.70 74 7.6353 1.524772 7.750% to 7.999% 41 342,829,546.00 28.15 73 7.8686 1.295994 8.000% to 8.249% 54 441,184,701.46 36.23 73 8.0924 1.421927 8.250% to 8.499% 37 133,267,886.81 10.94 72 8.3224 1.260155 8.500% to 8.749% 11 32,428,959.40 2.66 68 8.6570 1.327688 8.750% to 8.999% 4 21,252,275.73 1.75 63 8.8718 1.224494 9.000% and greater 7 29,514,331.55 2.42 72 9.0236 1.522288 Totals 178 1,217,736,263.80 100.00 72 7.9891 1.423863
Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. Defeased 2 17,039,539.21 1.40 72 7.9800 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 136 982,643,099.46 80.69 74 7.9693 1.404668 49 months and greater 40 218,053,625.13 17.91 64 8.0792 1.476352 Totals 178 1,217,736,263.80 100.00 72 7.9891 1.423863
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 2 17,039,539.21 1.40 72 7.9800 NAP 65 months or less 19 111,576,027.30 9.16 59 7.9050 1.437938 66 to 96 months 157 1,089,120,697.29 89.44 74 7.9979 1.415612 97 to 108 months 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 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 178 1,217,736,263.80 100.00 72 7.9891 1.423863
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 2 17,039,539.21 1.40 72 7.9800 NAP Interest Only 9 91,750,000.00 7.53 76 7.3369 1.881117 180 months or less 1 734,016.06 0.06 72 8.1300 2.640000 181 to 228 months 2 5,832,557.78 0.48 59 7.9321 1.133160 229 to 240 months 4 19,024,229.96 1.56 53 7.6280 1.301126 241 to 252 months 36 251,872,495.13 20.68 72 8.2693 1.454100 253 to 288 months 8 22,742,194.18 1.87 74 8.0018 1.328892 289 to 300 months 3 49,226,776.63 4.04 57 7.3678 1.634671 301 to 336 months 113 759,514,454.85 62.37 73 8.0244 1.342146 347 to 348 months 0 0.00 0.00 0 0.0000 0.000000 349 and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 178 1,217,736,263.80 100.00 72 7.9891 1.423863
Age of Most Recent NOI Age of Most # of Scheduled % of WAM WAC Weighted Recent NOI Loans Balance Agg. (2) Avg DSCR (1) Bal. Defeased 2 17,039,539.21 1.40 72 7.9800 NAP 1 year or less 165 1,134,309,413.31 93.15 72 7.9810 1.409115 1 to 2 years 10 62,775,737.77 5.16 69 8.1219 1.600626 2 years or greater 1 3,611,573.51 0.30 74 8.2500 0.930000 Totals 178 1,217,736,263.80 100.00 72 7.9891 1.423863 (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 600000001 1 OF Arlington VA 336,744.53 32,458.32 8.066% 265950417 3 OF Emeryville CA 261,856.45 28,290.51 7.750% 600000004 4 OF Irving TX 185,475.83 17,187.53 8.160% 600000005 5 LO Various Various 174,328.27 31,870.15 8.000% 255999835 6 LO Charlotte NC 165,504.29 32,322.43 7.790% 600000007 7 OF Louisville KY 173,092.40 16,690.88 8.150% 600000008 8 LO Various Various 166,289.17 30,400.48 8.000% 265330983 9 RT East Caln Township PA 170,347.24 16,144.93 8.090% 600000010 10 RT Sherman TX 150,061.01 22,938.24 7.375% 600000011 11 OF Santa Clara CA 157,251.76 16,515.08 7.860% 600000012 12 RT St. Augustine FL 142,873.66 21,011.46 7.260% 265950323 13 MF Brandon FL 133,239.24 13,725.59 7.890% 265950318 14 MF Las Vegas NV 131,792.68 11,946.26 8.170% 265950396 15 MF Jacksonville FL 123,898.98 10,759.33 7.770% 600000016 16 OF Seattle WA 120,088.10 22,085.68 7.950% 600000017 17 RT Phoenix AZ 121,549.94 12,122.11 8.010% 265950379 18 MF Charlotte NC 102,848.96 0.00 7.350% 265950402 19 RT Jacksonville NC 100,819.07 10,124.72 7.910% 265950389 20 MF Charlottesville VA 94,937.50 0.00 7.350% 600000021 21 MF Las Vegas NV 100,842.71 9,850.03 8.060% 600000022 22 RT Fountain Valley CA 101,513.36 7,921.09 8.660% 265330956 23 OF Sacramento CA 91,107.65 16,761.20 7.980% 265330957 24 OF Morristown NJ 88,748.96 6,459.25 7.980% 265950371 25 MF Norcross GA 85,619.42 0.00 7.860% 265950373 26 MF Durham NC 86,245.36 0.00 7.930% 265950452 27 IN Greenville NC 81,844.56 8,781.59 7.750% 265950333 28 MF San Diego CA 81,276.29 7,762.41 8.030% 265950325 29 MF Franklin TN 74,916.67 0.00 7.250% 265950364 30 IN Hayward CA 82,432.31 6,205.72 8.070% 600000031 31 MF Newark DE 83,049.06 10,220.80 8.327% 265950332 32 MF San Diego CA 78,589.47 7,505.80 8.030% 265330997 33 MF Houston TX 77,480.84 7,312.55 8.100% 600000034 34 MF Edgewater Park NJ 76,563.25 9,422.60 8.327% 265950380 35 MF Virginia Beach VA 66,456.25 0.00 7.350% 265330990 36 MF Shreveport LA 69,819.39 7,006.41 7.970% 355132465 37 RT Clinton MD 61,003.93 8,066.42 7.250% 600000038 38 HC Swansea IL 73,926.84 11,216.05 8.890% 600000039 39 OF Augusta GA 67,595.28 6,028.85 8.250% 265950376 40 MF Richmond VA 60,127.08 0.00 7.350% 265950388 41 MF Richmond VA 60,127.08 0.00 7.350% 265950406 42 RT Bradley IL 64,399.51 5,971.52 8.100% 265950351 43 IN San Jose CA 58,064.47 6,525.70 7.620% 600000044 44 LO Elmhurst IL 66,204.86 10,058.41 8.850% 265330842 45 LO Linthicum MD 66,751.70 8,775.97 9.000% 600000046 46 OF Santa Clara CA 58,017.95 10,790.96 7.890% 600000047 47 RT Ridgefield NJ 59,922.54 10,377.66 8.140% 265950310 48 MF Brooklyn NY 58,040.84 5,736.04 7.990% 600000049 49 OF Bedford NH 57,724.62 5,417.40 8.130% 600000050 50 OF Westport CT 57,554.39 5,315.95 8.210% 265950399 51 RT Aiea HI 55,884.06 5,488.61 7.980% 265950374 52 RT Encinitas CA 56,133.47 5,209.21 8.140% 600000053 53 OF Hempstead NY 54,823.09 9,350.94 8.220% 265950385 54 MF Glen Allen VA 50,633.33 0.00 7.350% 600000055 55 IN Troy MI 51,751.25 5,061.49 7.990% 600000056 56 RT Newark CA 45,246.04 12,578.51 7.250% 265950339 57 MF Pine Hill NJ 54,846.60 6,749.93 8.327% 265950412 58 RT Boone NC 47,798.99 5,549.63 7.540% 265331002 59 MF Harrisonburg VA 48,200.94 5,171.77 7.750% 600000060 60 RT West Islip NY 47,058.27 5,340.75 7.770% 265950420 61 RT LasVegas NV 49,723.76 4,437.56 8.190% 600000062 62 IN La Mirada CA 47,360.93 8,496.32 8.060% 600000063 63 OF Palm Springs CA 48,184.56 4,777.42 8.100% 265950343 64 MF Marlton NJ 49,214.11 6,056.75 8.327% 600000065 65 MF New Orleans LA 43,703.12 9,676.43 7.860% 265950340 66 MF Camden NJ 46,125.21 5,676.60 8.327% 600000067 67 OF Clearwater FL 41,791.42 4,533.64 7.740% 600000068 68 MF Dallas TX 43,686.10 4,359.69 8.110% 600000069 69 MF West Lawn PA 45,469.30 5,595.88 8.327% 600000070 70 RT Gilbert AZ 43,823.54 4,024.90 8.240% 265331001 71 RT Sunnyvale CA 40,455.52 3,854.12 7.560% 600000072 72 RT Norcross GA 42,013.07 4,126.29 7.980% 265950316 73 RT Antioch CA 42,934.21 3,658.38 8.340% 600000074 74 OF Parsippany NJ 40,780.41 3,950.21 8.080% 265950383 75 MF Concord NC 37,975.00 0.00 7.350% 265950324 76 MF Phoenix AZ 39,656.87 4,034.85 7.920% 265330839 77 LO Clearwater FL 44,501.14 5,850.64 9.000% 600000078 78 OF St. Charles IL 43,796.56 3,362.62 8.740% 265330958 79 RT Rancho Cordova CA 39,001.66 3,759.02 8.050% 600000080 80 OF High Point NC 36,611.76 4,082.03 7.714% 265950307 81 MF Riverside CA 37,532.85 3,467.84 8.125% 265330849 82 LO Glen Allen VA 40,792.71 5,363.09 9.000% 265950342 83 MF Eatontown NJ 38,521.06 4,740.76 8.327% 265950375 85 MF Virginia Beach VA 31,645.83 0.00 7.350% 265950314 86 MU Oklahoma City OK 34,507.22 3,056.11 8.250% 600000087 87 OF Fresno CA 32,368.54 5,990.70 7.930% 600000088 88 IN Burnsville MN 32,231.89 5,717.04 8.040% 265950331 89 MF St. Joseph MI 32,198.47 3,269.63 7.900% 600000090 90 MF Oakland Park FL 31,904.25 3,122.54 8.030% 265330980 91 RT Orange CA 33,069.78 2,793.62 8.360% 600000092 92 OF Coral Springs FL 29,675.90 2,914.60 7.980% 600000093 93 MF St. Louis MO 29,369.28 2,603.73 8.290% 600000094 94 RT Tulsa OK 31,553.85 4,317.55 9.130% 600000095 95 RT Prince Frederick MD 28,757.09 2,825.64 8.260% 265330955 96 OF Southgate KY 28,399.67 2,066.96 7.980% 600000097 97 MF Freehold NJ 29,452.02 3,624.64 8.327% 600000098 98 OF Santa Monica CA 27,698.38 2,643.60 8.090% 600000099 99 RT Gilbert AZ 27,840.84 2,556.99 8.240% 265330986 100 MF Conyers GA 26,312.55 2,178.22 7.900% 600000101 101 RT Los Gatos CA 25,381.78 2,680.51 7.930% 600000102 102 OF Columbia SC 25,928.55 2,464.31 8.100% 600000103 103 OF Suwanee GA 25,239.86 2,407.13 8.050% 265330949 104 RT Allison Park PA 25,673.37 2,273.75 8.250% 265330964 105 OF Glen Burnie MD 24,849.71 1,808.59 7.980% 265950433 106 RT Boca Raton FL 22,745.46 2,470.75 7.720% 265330966 107 OF Shrewsbury MO 23,893.95 1,739.03 7.980% 265950407 108 IN North East MD 21,997.75 2,360.27 7.750% 600000109 109 RT Shelby NC 23,326.61 2,053.09 8.340% 600000110 110 MF Naples FL 20,014.88 5,727.47 7.500% 600000111 111 RT Wilmington NC 21,615.21 2,136.18 7.990% 600000112 112 RT Nampa ID 21,435.03 2,115.49 8.010% 265330999 113 RT Spencer IA 20,972.45 1,977.84 8.060% 600000114 114 MF New Orleans LA 19,354.24 4,285.27 7.860% 600000116 116 OF Yonkers NY 19,903.49 5,891.38 8.420% 265330954 117 MF Hialeah FL 19,663.21 1,903.12 8.040% 600000118 118 RT Albuquerque NM 20,731.84 1,819.41 8.470% 265330978 119 RT Mentor OH 19,798.33 1,868.54 8.100% 600000120 120 RT Las Vegas NV 19,676.40 2,025.48 8.190% 600000121 121 RT Boise ID 18,860.51 1,830.54 8.050% 265330840 122 LO Norcross GA 20,767.20 2,730.30 9.000% 265330965 123 OF Harrison OH 18,432.48 1,341.53 7.980% 265330904 124 RT Commerce Township MI 18,016.80 1,757.21 7.980% 600000125 125 MF Temple City CA 19,113.76 1,649.44 8.570% 600000126 126 MF New Orleans LA 16,856.92 3,732.33 7.860% 600000127 127 RT Ft Worth TX 17,529.50 1,675.41 8.070% 265950327 128 IN Ft. Myers FL 17,667.87 1,443.46 8.437% 265330843 129 LO Warren MI 18,542.14 2,437.77 9.000% 600000130 130 RT Myrtle Beach SC 16,698.44 1,600.45 8.080% 600000131 131 RT Ahoskie NC 16,721.70 1,523.51 8.200% 265331000 132 RT Clinton IA 16,162.48 1,602.94 7.940% 265950302 133 MF Long Beach CA 15,561.95 1,631.94 7.750% 600000134 134 OF Mountain View CA 15,891.97 2,722.19 8.150% 600000135 135 RT Everett WA 16,437.45 1,453.59 8.270% 600000136 136 RT Boiling Springs SC 16,293.81 1,434.10 8.340% 600000137 137 RT Tumwater WA 16,135.48 1,416.86 8.270% 265950355 138 RT Bristol VA 14,759.16 1,623.06 7.690% 600000139 139 RT Lenoir City TN 15,516.21 1,403.11 8.260% 265330974 140 RT Verona VA 15,306.52 1,400.75 8.173% 600000141 141 OF Las Vegas NV 14,988.53 1,441.59 8.055% 600000142 142 MF Florence SC 14,079.18 2,719.83 7.740% 265950438 143 RT Naperville IL 14,233.84 1,527.23 7.750% 600000144 144 RT Crossville TN 14,488.11 1,471.27 8.000% 265330996 145 MF Shreveport LA 15,067.92 1,273.63 8.375% 600000146 146 RT Rowlett TX 15,651.19 1,134.02 8.910% 600000147 147 RT Knoxville TN 13,837.37 1,347.96 8.100% 600000148 148 RT Medford Township NJ 13,790.08 1,358.68 8.210% 600000149 149 OF Las Vegas NV 13,010.46 1,389.72 7.802% 265950401 150 OF Las Vegas NV 13,665.91 1,214.40 8.200% 600000151 151 RT Little River SC 12,944.66 1,355.67 7.850% 600000152 152 MF Fresno CA 13,075.01 1,287.81 8.040% 600000153 153 IN Orlando FL 12,723.47 2,229.06 8.160% 600000154 154 RT Norfolk VA 13,446.78 2,068.09 8.690% 265950345 155 MF Somerdale NJ 13,274.94 1,633.74 8.327% 600000156 156 OF Wellington FL 13,305.80 1,076.38 8.660% 600000157 157 RT Orlando FL 13,061.61 1,949.99 8.690% 600000158 158 OF Pasadena CA 12,740.22 1,187.68 8.360% 265950305 159 MF Pico Rivera CA 11,473.28 1,060.07 8.125% 600000160 160 RT Glendale AZ 11,920.38 932.31 8.510% 600000161 161 RT Decatur AL 10,433.15 1,964.98 7.820% 265950329 162 RT Simi Valley CA 10,835.35 1,779.85 8.250% 265950319 163 MU Santa Monica CA 10,367.26 901.74 8.250% 265950419 164 RT Tampa FL 9,824.16 990.70 7.900% 265950346 165 MF Thorofare NJ 9,925.69 1,221.55 8.327% 265330917 166 MF Moreno Valley CA 9,245.15 890.42 8.010% 600000167 167 MF Brooklyn NY 9,864.36 784.73 8.600% 265950320 168 RT Fresno CA 8,825.35 1,450.58 8.280% 265950336 169 RT Chicago IL 8,824.75 707.56 8.480% 600000171 171 RT Chandler AZ 7,757.28 638.48 8.420% 600000172 172 MF Detroit MI 7,259.28 1,145.76 8.490% 600000173 173 RT White Plains NY 6,373.30 1,066.62 8.330% 600000174 174 RT Atascadero CA 6,754.80 947.52 8.800% 265950391 175 MF Orangeburg SC 6,581.91 968.93 8.625% 265950352 176 MH Helena MT 6,365.84 478.71 8.625% 600000177 177 RT Los Angeles CA 6,663.59 851.17 9.210% 600000178 178 RT Sarasota FL 5,161.26 3,218.34 8.130% 265950344 179 MF Clementon NJ 5,063.67 623.18 8.327% 265950326 180 MF Coral Springs FL 4,207.31 353.12 8.375% 265950315 181 MF Boca Raton FL 4,151.22 348.41 8.375% 600000182 182 RT Bloomfield CT 2,936.46 453.99 8.530% Totals 8,383,656.54 902,015.10
Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 600000001 N/A 10/01/2010 N 48,479,286.89 48,446,828.57 09/01/2004 265950417 12/01/2010 12/01/2030 N 39,237,594.53 39,209,304.02 09/01/2004 600000004 N/A 10/01/2010 N 26,395,991.27 26,378,803.74 09/01/2004 600000005 N/A 09/01/2010 N 25,305,716.24 25,273,846.09 09/01/2004 255999835 N/A 09/01/2010 N 24,672,468.99 24,640,146.56 08/01/2004 600000007 N/A 06/01/2010 N 24,663,868.67 24,647,177.79 09/01/2004 600000008 N/A 09/01/2010 N 24,138,750.73 24,108,350.25 09/01/2004 265330983 N/A 11/01/2010 N 24,452,731.59 24,436,586.66 09/01/2004 600000010 N/A 07/01/2009 N 23,629,070.69 23,606,132.45 08/01/2004 600000011 N/A 10/01/2010 N 23,233,454.25 23,216,939.17 09/01/2004 600000012 N/A 10/01/2009 N 22,853,691.89 22,832,680.43 09/01/2004 265950323 N/A 11/01/2010 N 19,610,829.25 19,597,103.66 09/01/2004 265950318 N/A 12/01/2010 N 18,733,116.63 18,721,170.37 09/01/2004 265950396 N/A 12/01/2010 N 18,517,720.80 18,506,961.47 09/01/2004 600000016 N/A 10/01/2010 N 17,541,780.00 17,519,694.32 09/01/2004 600000017 N/A 09/01/2010 N 17,622,318.34 17,610,196.23 09/01/2004 265950379 N/A 01/01/2011 N 16,250,000.00 16,250,000.00 09/01/2004 265950402 N/A 01/01/2011 N 14,801,543.16 14,791,418.44 09/01/2004 265950389 N/A 01/01/2011 N 15,000,000.00 15,000,000.00 09/01/2004 600000021 N/A 09/01/2010 N 14,529,487.04 14,519,637.01 09/01/2004 600000022 N/A 05/01/2010 N 13,612,757.53 13,604,836.44 09/01/2004 265330956 N/A 09/01/2010 N 13,258,450.37 13,241,689.17 09/01/2004 265330957 N/A 09/01/2010 N 12,915,201.10 12,908,741.85 09/01/2004 265950371 N/A 12/01/2010 N 12,650,000.00 12,650,000.00 09/01/2004 265950373 N/A 12/01/2010 N 12,630,000.00 12,630,000.00 09/01/2004 265950452 N/A 01/01/2011 N 12,263,908.53 12,255,126.94 09/01/2004 265950333 N/A 01/01/2011 N 11,754,093.69 11,746,331.28 09/01/2004 265950325 N/A 12/01/2010 N 12,000,000.00 12,000,000.00 09/01/2004 265950364 N/A 01/01/2011 N 11,862,186.00 11,855,980.28 09/01/2004 600000031 10/01/2010 05/01/2028 N 11,582,090.84 11,571,870.04 09/01/2004 265950332 N/A 01/01/2011 N 11,365,528.69 11,358,022.89 09/01/2004 265330997 N/A 11/01/2010 N 11,108,364.05 11,101,051.50 09/01/2004 600000034 10/01/2010 05/01/2028 N 10,677,574.55 10,668,151.95 09/01/2004 265950380 N/A 01/01/2011 N 10,500,000.00 10,500,000.00 09/01/2004 265330990 N/A 10/01/2010 N 10,173,221.91 10,166,215.50 09/01/2004 355132465 N/A 12/01/2010 N 9,771,486.68 9,763,420.26 09/01/2004 600000038 N/A 11/01/2009 N 9,656,976.33 9,645,760.28 09/01/2004 600000039 N/A 10/01/2010 N 9,514,877.89 9,508,849.04 09/01/2004 265950376 N/A 01/01/2011 N 9,500,000.00 9,500,000.00 09/01/2004 265950388 N/A 01/01/2011 N 9,500,000.00 9,500,000.00 09/01/2004 265950406 N/A 01/01/2011 N 9,232,904.40 9,226,932.88 09/01/2004 265950351 N/A 02/01/2011 N 8,849,043.56 8,842,517.86 09/01/2004 600000044 N/A 12/01/2009 N 8,687,351.72 8,677,293.31 01/01/2004 265330842 N/A 10/01/2010 N 8,613,123.05 8,604,347.08 09/01/2004 600000046 N/A 11/01/2010 N 8,539,377.30 8,528,586.34 09/01/2004 600000047 N/A 10/01/2010 N 8,548,828.44 8,538,450.78 09/01/2004 265950310 N/A 11/01/2010 N 8,435,827.40 8,430,091.36 09/01/2004 600000049 N/A 10/01/2010 N 8,245,393.25 8,239,975.85 09/01/2004 600000050 N/A 08/01/2010 N 8,140,969.44 8,135,653.49 09/01/2004 265950399 N/A 12/01/2010 N 8,132,532.99 8,127,044.38 09/01/2004 265950374 N/A 11/01/2010 N 8,008,261.89 8,003,052.68 09/01/2004 600000053 N/A 09/01/2010 N 7,745,197.84 7,735,846.90 09/01/2004 265950385 N/A 01/01/2011 N 8,000,000.00 8,000,000.00 09/01/2004 600000055 N/A 12/01/2010 N 7,521,680.62 7,516,619.13 09/01/2004 600000056 N/A 11/01/2008 N 7,247,418.85 7,234,840.34 09/01/2004 265950339 10/01/2010 05/01/2028 N 7,648,951.65 7,642,201.72 09/01/2004 265950412 N/A 02/01/2011 N 7,361,870.58 7,356,320.95 09/01/2004 265331002 N/A 01/01/2011 N 7,222,618.17 7,217,446.40 09/01/2004 600000060 N/A 05/01/2010 N 7,033,244.78 7,027,904.03 09/01/2004 265950420 N/A 01/01/2011 N 7,050,515.11 7,046,077.55 09/01/2004 600000062 N/A 09/01/2010 N 6,823,795.47 6,815,299.15 09/01/2004 600000063 N/A 05/01/2010 N 6,908,180.07 6,903,402.65 09/01/2004 265950343 10/01/2010 05/01/2028 N 6,863,440.46 6,857,383.71 09/01/2004 600000065 N/A 04/01/2009 N 6,456,998.43 6,447,322.00 09/01/2004 265950340 10/01/2010 05/01/2028 N 6,432,659.52 6,426,982.92 09/01/2004 600000067 N/A 12/01/2010 N 6,270,280.07 6,265,746.43 09/01/2004 600000068 N/A 04/01/2010 N 6,255,517.36 6,251,157.67 09/01/2004 600000069 10/01/2010 05/01/2028 N 6,341,186.01 6,335,590.13 09/01/2004 600000070 N/A 07/01/2010 N 6,176,195.19 6,172,170.29 09/01/2004 265331001 N/A 12/01/2010 N 6,214,365.99 6,210,511.87 09/01/2004 600000072 N/A 12/01/2010 N 6,113,956.70 6,109,830.41 09/01/2004 265950316 N/A 11/01/2010 N 5,978,307.25 5,974,648.87 09/01/2004 600000074 N/A 09/01/2010 N 5,861,125.68 5,857,175.47 09/01/2004 265950383 N/A 01/01/2011 N 6,000,000.00 6,000,000.00 09/01/2004 265950324 N/A 11/01/2010 N 5,814,790.54 5,810,755.69 09/01/2004 265330839 N/A 10/01/2010 N 5,742,082.06 5,736,231.42 09/01/2004 600000078 N/A 03/01/2010 N 5,819,281.93 5,815,919.31 09/01/2004 265330958 N/A 11/01/2010 N 5,626,366.59 5,622,607.57 09/01/2004 600000080 N/A 10/01/2010 N 5,511,652.36 5,507,570.33 09/01/2004 265950307 N/A 12/01/2010 N 5,364,496.96 5,361,029.12 09/01/2004 265330849 N/A 10/01/2010 N 5,263,575.14 5,258,212.05 09/01/2004 265950342 10/01/2010 05/01/2028 N 5,372,179.17 5,367,438.41 09/01/2004 265950375 N/A 01/01/2011 N 5,000,000.00 5,000,000.00 09/01/2004 265950314 N/A 11/01/2010 N 4,857,321.75 4,854,265.64 09/01/2004 600000087 N/A 10/01/2010 N 4,740,135.77 4,734,145.07 09/01/2004 600000088 N/A 11/01/2010 N 4,655,544.67 4,649,827.63 09/01/2004 265950331 N/A 12/01/2010 N 4,733,135.21 4,729,865.58 09/01/2004 600000090 N/A 10/01/2010 N 4,613,959.66 4,610,837.12 09/01/2004 265330980 N/A 11/01/2010 N 4,593,733.76 4,590,940.14 09/01/2004 600000092 N/A 12/01/2010 N 4,318,588.54 4,315,673.94 09/01/2004 600000093 N/A 09/01/2010 N 4,114,145.49 4,111,541.76 09/01/2004 600000094 N/A 02/01/2010 N 4,013,491.89 4,009,174.34 09/01/2004 600000095 N/A 11/01/2009 N 4,043,017.93 4,040,192.29 09/01/2004 265330955 N/A 09/01/2010 N 4,132,864.32 4,130,797.36 09/01/2004 600000097 10/01/2010 05/01/2028 N 4,107,402.66 4,103,778.02 09/01/2004 600000098 N/A 10/01/2010 N 3,976,002.22 3,973,358.62 09/01/2004 600000099 N/A 07/01/2010 N 3,923,700.62 3,921,143.63 09/01/2004 265330986 N/A 11/01/2010 N 3,867,912.29 3,865,734.07 09/01/2004 600000101 N/A 06/01/2010 N 3,716,975.12 3,714,294.61 09/01/2004 600000102 N/A 10/01/2010 N 3,717,355.27 3,714,890.96 09/01/2004 600000103 N/A 12/01/2010 N 3,641,093.89 3,638,686.76 09/01/2004 265330949 N/A 11/01/2010 N 3,613,847.26 3,611,573.51 06/01/2004 265330964 N/A 09/01/2010 N 3,616,256.29 3,614,447.70 09/01/2004 265950433 N/A 01/01/2011 N 3,421,513.75 3,419,043.00 09/01/2004 265330966 N/A 09/01/2010 N 3,477,169.51 3,475,430.48 09/01/2004 265950407 N/A 01/01/2011 N 3,296,228.21 3,293,867.94 09/01/2004 600000109 N/A 07/01/2010 N 3,248,078.10 3,246,025.01 09/01/2004 600000110 N/A 08/01/2008 N 3,099,078.17 3,093,350.70 09/01/2004 600000111 N/A 11/01/2010 N 3,141,618.47 3,139,482.29 09/01/2004 600000112 N/A 10/01/2010 N 3,107,651.96 3,105,536.47 09/01/2004 265330999 N/A 01/01/2011 N 3,021,724.52 3,019,746.68 09/01/2004 600000114 N/A 04/01/2009 N 2,859,528.27 2,855,243.00 09/01/2004 600000116 N/A 10/01/2010 N 2,745,098.46 2,739,207.08 09/01/2004 265330954 N/A 11/01/2010 N 2,840,136.90 2,838,233.78 09/01/2004 600000118 N/A 02/01/2010 N 2,842,466.21 2,840,646.80 09/01/2004 265330978 N/A 11/01/2010 N 2,838,469.93 2,836,601.39 09/01/2004 600000120 N/A 09/01/2006 N 2,789,989.23 2,787,963.75 09/01/2004 600000121 N/A 10/01/2010 N 2,720,810.73 2,718,980.19 09/01/2004 265330840 N/A 10/01/2010 N 2,679,638.14 2,676,907.84 09/01/2004 265330965 N/A 09/01/2010 N 2,682,387.94 2,681,046.41 09/01/2004 265330904 N/A 01/01/2011 N 2,621,896.70 2,620,139.49 09/01/2004 600000125 N/A 11/01/2009 N 2,590,037.73 2,588,388.29 09/01/2004 600000126 N/A 04/01/2009 N 2,490,556.95 2,486,824.62 09/01/2004 600000127 N/A 11/01/2010 N 2,522,532.91 2,520,857.50 09/01/2004 265950327 N/A 11/01/2010 N 2,431,850.44 2,430,406.98 09/01/2004 265330843 N/A 10/01/2010 N 2,392,534.11 2,390,096.34 09/01/2004 600000130 N/A 10/01/2010 N 2,399,967.97 2,398,367.52 09/01/2004 600000131 N/A 10/01/2010 N 2,368,140.54 2,366,617.03 09/01/2004 265331000 N/A 01/01/2011 N 2,363,896.20 2,362,293.26 09/01/2004 265950302 N/A 03/01/2011 N 2,331,863.42 2,330,231.48 09/01/2004 600000134 N/A 11/01/2010 N 2,264,439.97 2,261,717.78 09/01/2004 600000135 N/A 10/01/2010 N 2,308,180.71 2,306,727.12 08/01/2004 600000136 N/A 07/01/2010 N 2,268,806.75 2,267,372.65 09/01/2004 600000137 N/A 11/01/2010 N 2,265,776.55 2,264,359.69 08/01/2004 265950355 N/A 01/01/2011 N 2,228,826.21 2,227,203.15 09/01/2004 600000139 N/A 08/01/2010 N 2,181,456.33 2,180,053.22 09/01/2004 265330974 N/A 11/01/2010 N 2,174,882.02 2,173,481.27 09/01/2004 600000141 N/A 11/01/2010 N 2,160,898.79 2,159,457.20 09/01/2004 600000142 N/A 12/01/2010 N 2,112,405.70 2,109,685.87 09/01/2004 265950438 N/A 01/01/2011 N 2,132,853.63 2,131,326.40 09/01/2004 600000144 N/A 07/01/2010 N 2,103,112.17 2,101,640.90 09/01/2004 265330996 N/A 10/01/2010 N 2,089,341.50 2,088,067.87 03/01/2004 600000146 N/A 02/01/2010 N 2,039,907.22 2,038,773.20 09/01/2004 600000147 N/A 07/01/2010 N 1,983,852.86 1,982,504.90 09/01/2004 600000148 N/A 01/01/2010 N 1,950,583.61 1,949,224.93 09/01/2004 600000149 N/A 11/01/2010 N 1,936,543.95 1,935,154.23 09/01/2004 265950401 N/A 01/01/2011 N 1,935,376.79 1,934,162.39 09/01/2004 600000151 N/A 11/01/2010 N 1,914,968.53 1,913,612.86 09/01/2004 600000152 N/A 09/01/2010 N 1,888,542.89 1,887,255.08 09/01/2004 600000153 N/A 08/01/2010 N 1,810,740.76 1,808,511.70 09/01/2004 600000154 N/A 04/01/2010 N 1,796,963.28 1,794,895.19 09/01/2004 265950345 10/01/2010 05/01/2028 N 1,851,334.31 1,849,700.57 09/01/2004 600000156 N/A 02/01/2010 N 1,784,283.71 1,783,207.33 09/01/2004 600000157 N/A 07/01/2010 N 1,745,491.56 1,743,541.57 09/01/2004 600000158 N/A 12/01/2009 N 1,769,747.98 1,768,560.30 09/01/2004 265950305 N/A 12/01/2010 N 1,639,853.53 1,638,793.46 09/01/2004 600000160 N/A 12/01/2010 N 1,626,677.34 1,625,745.03 09/01/2004 600000161 N/A 12/01/2010 N 1,549,349.23 1,547,384.25 09/01/2004 265950329 N/A 12/01/2010 N 1,525,210.83 1,523,430.98 09/01/2004 265950319 N/A 01/01/2011 N 1,459,321.15 1,458,419.41 09/01/2004 265950419 N/A 01/01/2011 N 1,444,140.03 1,443,149.33 09/01/2004 265950346 10/01/2010 05/01/2028 N 1,384,245.09 1,383,023.54 09/01/2004 265330917 N/A 01/01/2011 N 1,340,362.47 1,339,472.05 09/01/2004 600000167 N/A 06/01/2010 N 1,332,022.06 1,331,237.33 09/01/2004 265950320 N/A 11/01/2010 N 1,237,777.27 1,236,326.69 09/01/2004 265950336 N/A 11/01/2010 N 1,208,501.85 1,207,794.29 09/01/2004 600000171 N/A 11/01/2010 N 1,069,888.17 1,069,249.69 09/01/2004 600000172 N/A 08/01/2010 N 992,948.58 991,802.82 08/01/2004 600000173 N/A 07/01/2010 N 888,505.71 887,439.09 09/01/2004 600000174 N/A 02/01/2010 N 891,396.46 890,448.94 09/01/2004 265950391 N/A 11/01/2010 N 886,203.57 885,234.64 09/01/2004 265950352 N/A 11/01/2010 N 857,111.44 856,632.73 09/01/2004 600000177 N/A 06/01/2010 N 840,213.65 839,362.48 09/01/2004 600000178 N/A 09/01/2010 N 737,234.40 734,016.06 09/01/2004 265950344 10/01/2010 05/01/2028 N 706,183.02 705,559.84 09/01/2004 265950326 N/A 11/01/2010 N 583,392.70 583,039.58 09/01/2004 265950315 N/A 11/01/2010 N 575,613.85 575,265.44 09/01/2004 600000182 N/A 09/01/2010 N 399,775.53 399,321.54 09/01/2004 Totals 1,218,638,278.90 1,217,736,263.80
Loan Appraisal Appraisal Res. Mod. Number Reduction Reduction Strat. Code Date Amount (2) (3) 600000044 1 265330949 09/13/2004 33,581.01 2 265330996 08/11/2004 799,272.85 2 Totals 832,853.86 (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 0 $0.00 1 $3,611,573.51 1 $8,677,293.31 08/17/2004 0 $0.00 1 $3,613,847.26 1 $8,687,351.72 07/16/2004 0 $0.00 1 $0.00 2 $12,313,439.03 06/17/2004 1 $44,692,574.36 1 $3,619,170.29 1 $8,709,365.76 05/17/2004 1 $3,621,390.45 1 $2,093,587.74 1 $8,719,181.60 04/16/2004 2 $5,719,725.48 1 $8,731,053.35 0 $0.00 03/17/2004 3 $14,463,835.57 0 $0.00 0 $0.00 02/18/2004 2 $12,384,978.49 0 $0.00 0 $0.00 01/16/2004 2 $12,396,593.33 0 $0.00 0 $0.00 12/17/2003 2 $12,408,121.42 0 $0.00 0 $0.00 11/18/2003 1 $3,637,627.64 0 $0.00 0 $0.00 10/20/2003 1 $3,639,717.60 0 $0.00 0 $0.00
Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 09/17/2004 1 $2,088,067.87 0 $0.00 0 $0.00 08/17/2004 1 $2,089,341.50 0 $0.00 0 $0.00 07/16/2004 1 $2,090,606.01 0 $0.00 0 $0.00 06/17/2004 1 $2,092,344.74 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 2 $0.00 0 $0.00 12/17/2003 0 $0.00 2 $7,996,874.25 0 $0.00 11/18/2003 0 $0.00 2 $8,003,213.22 0 $0.00 10/20/2003 0 $0.00 2 $8,007,672.87 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 7.989093% 7.900442% 72 08/17/2004 0 $0.00 0 $0.00 7.989130% 7.900474% 73 07/16/2004 0 $0.00 1 $32,616,191.73 7.989166% 7.900505% 74 06/17/2004 0 $0.00 0 $0.00 7.986771% 7.890563% 75 05/17/2004 0 $0.00 0 $0.00 7.986806% 7.891308% 76 04/16/2004 0 $0.00 0 $0.00 7.986853% 7.891350% 77 03/17/2004 0 $0.00 0 $0.00 7.986887% 7.893102% 78 02/18/2004 0 $0.00 0 $0.00 7.986947% 7.893157% 79 01/16/2004 0 $0.00 2 $5,055,622.16 7.986980% 7.893186% 80 12/17/2003 0 $0.00 0 $0.00 7.989031% 7.893931% 81 11/18/2003 0 $0.00 0 $0.00 7.989076% 7.893971% 82 10/20/2003 0 $0.00 0 $0.00 7.989107% 7.893999% 83 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 255999835 6 0 08/01/2004 196,798.70 196,798.70 A 600000010 10 0 08/01/2004 170,510.32 170,510.32 B 600000044 44 7 01/01/2004 75,348.20 678,100.68 3 265330949 104 2 06/01/2004 27,628.63 83,221.39 2 600000135 135 0 08/01/2004 17,647.91 17,647.91 B 600000137 137 0 08/01/2004 17,313.68 17,313.68 B 265330996 145 5 03/01/2004 12,258.13 89,500.55 7 600000172 172 0 08/01/2004 8,216.54 8,216.54 B Totals 8 525,722.12 1,261,309.77
Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date 255999835 24,672,468.99 0.00 600000010 23,629,070.69 0.00 600000044 1 04/07/2004 8,764,029.80 6,063.63 265330949 2 06/04/2004 3,619,170.29 37,110.86 600000135 2,308,180.71 0.00 600000137 2,265,776.55 0.00 265330996 2 08/14/2003 04/26/2004 2,096,527.60 37,887.97 600000172 992,948.58 0.00 Totals 68,348,173.21 81,062.46
Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = 2 (1 loan) 27,628.63 83,221.39 3,619,170.29 37,110.86 Total for Status Code = 3 (1 loan) 75,348.20 678,100.68 8,764,029.80 6,063.63 Total for Status Code = 7 (1 loan) 12,258.13 89,500.55 2,096,527.60 37,887.97 Total for Status Code = A (1 loan) 196,798.70 196,798.70 24,672,468.99 0.00 Total for Status Code = B (4 loans) 213,688.45 213,688.45 29,195,976.53 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 600000044 44 04/07/2004 1 8,677,293.31 LO IL 8.850% 8,764,029.80 265330949 104 06/04/2004 2 3,611,573.51 RT PA 8.250% 3,619,170.29 265330996 145 08/14/2003 2 2,088,067.87 MF LA 8.375% 2,096,527.60
Net Remaining Loan Operating DSCR Note Maturity Amortization Number Income Date DSCR Date Date Term 600000044 147,513.94 12/31/2003 0.16 01/01/2000 12/01/2009 242 265330949 312,221.28 06/30/2002 0.93 12/01/2000 11/01/2010 313 265330996 106,186.96 06/30/2003 1.08 11/01/2000 10/01/2010 312 (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 600000044 44 1 08/27/1999 14,700,000.00 265330949 104 2 07/28/2004 4,100,000.00 265330996 145 2 05/26/2004 1,550,000.00
Loan Number Comments from Special Servicer 600000044 The debtor's offer of $4,350,000 to settle the matter was declined on September 1, 2004. The borrower has became less responsive relative to requests for financial disclosure and the turnover of the mortgaged property's net operating income. Legal counse l is preparing for an anticipated judicial foreclosure action. Contact has been made with a third party management company regarding a possible receivership. 265330949 Due to progress with negotiations, the parties agreed to postpone the TRO hearing for no more than 30 days. The judge, although, unilaterally postponed the hearing to 11/22. The motion to dismiss the suit against Wachovia and the Trust remains pending. The noteholder countered the borrower's proposal of a settlement for $4MM (which would cover principal, interest, and expenses with possibly some left over for penalty charges/prepayment premium), at $4.2MM, subject to approvals. The borrower is seeking refinancing and his source was to go to committee on 9/8 or 9/9. Counsel is following up. In the interim, there continue to be issues with the deposit of ALL rents into the deposit account (cash managed). The loan is due for its 7/1/04 payment. 265330996 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. Counse l 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 265950410 07/07/2004 2 08/26/2003 35,500,000.00 44,762,076.63 35,437,218.42 79.168% 265950393 12/30/2003 84 09/19/2003 4,000,000.00 5,121,574.67 4,926,575.13 96.193% 265950392 12/30/2003 115 09/19/2003 1,900,000.00 2,965,490.74 3,010,489.69 101.517% 265950313 11/08/2002 170 07/31/2002 1,100,000.00 1,224,980.64 1,107,728.88 90.428% Current Total 0.00 0.00 0.00 Cumulative Total 42,500,000.00 54,074,122.68 44,482,012.12
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) 265950410 1,390,513.92 34,046,704.50 76.061% 12,036,383.78 N 265950393 857,127.64 4,069,447.49 79.457% 1,849,921.73 N 265950392 581,325.23 2,429,164.46 81.914% 1,086,793.44 N 265950313 9,165.88 1,098,563.00 89.680% 273,233.27 N Current Total 0.00 0.00 0.00 Cumulative Total 2,838,132.67 41,643,879.45 15,246,332.22 * Aggregate liquidation expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.).
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