-----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, OBJE3nYt2/GL/B7TN1DOsRDvGYIdnmBwnJCzNYBsr0M3semAF/BJ1VMiKOAdUbCq k6Zh+mtYtiaitlcB6tUcKg== 0001056404-04-001946.txt : 20040618 0001056404-04-001946.hdr.sgml : 20040618 20040618145728 ACCESSION NUMBER: 0001056404-04-001946 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040618 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040618 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST UNION COMMERCIAL MORTGAGE PASS THR CER SER 2001-C2 CENTRAL INDEX KEY: 0001142179 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 561643598 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-53266-02 FILM NUMBER: 04870672 BUSINESS ADDRESS: STREET 1: 201 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 02110 BUSINESS PHONE: 7043746828 MAIL ADDRESS: STREET 1: 201 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228 8-K 1 fun01c02.txt JUNE 8-K 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: June 14, 2004 (Date of earliest event reported) Commission File No.: 333-53266-02 First Union Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2001-C2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 52-7184008 52-2316404 52-2316405 52-2316406 (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) ITEM 5. Other Events On June 14, 2004, a distribution was made to holders of First Union Commercial Mortgage Securities, Inc., Commercial Mortgage Pass-Through Certificates, Series 2001-C2. ITEM 7. Financial Statements and Exhibits (c) Exhibits Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2001-C2, relating to the June 14, 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 Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2001-C2 By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: June 14, 2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2001-C2, relating to the June 14, 2004 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 First Union Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2001-C2 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: June 14, 2004 Record Date: May 28, 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 - 14 Principal Prepayment Detail 15 Historical Detail 16 Delinquency Loan Detail 17 Specially Serviced Loan Detail 18 - 20 Modified Loan Detail 21 Liquidated Loan Detail 22 Underwriter First Union Securities, Inc 201 South College Street Charlotte, NC 28288 Contact: William J. Cohane Phone Number: (704) 383-4984 Underwriter Merrill Lynch, Pierce, Fenner & Smith Inc. World Financial Center, North Tower 250 Vesey Street New York, NY 10281 Contact: John E. Gluszak Phone Number: (212) 449-1000 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 Lennar Partners, Inc. 760 N.W. 107th Avenue Miami, FL 33172 Contact: Steve Bruha Phone Number: (305) 229-6614 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 33736XBY4 6.204000% 190,553,000.00 160,031,304.63 933,614.36 827,361.84 A-2 33736XBZ1 6.663000% 590,647,000.00 590,647,000.00 0.00 3,279,567.47 B 33736XCA5 6.819000% 42,565,000.00 42,565,000.00 0.00 241,875.61 C 33736XCB3 6.922000% 12,520,000.00 12,520,000.00 0.00 72,219.53 D 33736XCC1 6.951000% 12,519,000.00 12,519,000.00 0.00 72,516.31 E 33736XCD9 7.003000% 20,031,000.00 20,031,000.00 0.00 116,897.58 F 33736XCE7 7.123000% 10,015,000.00 10,015,000.00 0.00 59,447.37 G 33736XCF4 7.388000% 15,023,000.00 15,023,000.00 0.00 92,491.60 H 33736XCG2 7.487000% 17,527,000.00 17,527,000.00 0.00 109,353.87 J 33736XCH0 7.856274% 12,519,000.00 12,519,000.00 0.00 81,960.58 K 33736XCJ6 6.460000% 15,023,000.00 15,023,000.00 0.00 80,873.82 L 33736XCK3 6.460000% 20,031,000.00 20,031,000.00 0.00 107,833.55 M 33736XCL1 6.460000% 5,008,000.00 5,008,000.00 0.00 26,959.73 N 33736XCM9 6.460000% 6,048,000.00 6,048,000.00 0.00 32,558.40 O 33736XCN7 6.460000% 5,908,000.00 5,908,000.00 0.00 31,804.73 P 33736XCP2 6.460000% 3,939,000.00 3,939,000.00 0.00 21,204.95 Q 33736XCQ0 6.460000% 21,663,038.00 21,663,038.00 0.00 107,625.41 V 33736XCS6 6.828000% 1,175,111.70 1,433,255.98 (8,155.23) 8,155.23 Z-I N/A 0.000000% 0.00 0.00 0.00 0.00 Z-II N/A 0.000000% 0.00 0.00 0.00 0.00 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 1,002,714,149.70 972,450,598.61 925,459.13 5,370,707.58
Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 33736XBY4 0.00 0.00 1,760,976.20 159,097,690.27 22.83% A-2 33736XBZ1 0.00 0.00 3,279,567.47 590,647,000.00 22.83% B 33736XCA5 0.00 0.00 241,875.61 42,565,000.00 18.45% C 33736XCB3 0.00 0.00 72,219.53 12,520,000.00 17.16% D 33736XCC1 0.00 0.00 72,516.31 12,519,000.00 15.87% E 33736XCD9 0.00 0.00 116,897.58 20,031,000.00 13.81% F 33736XCE7 0.00 0.00 59,447.37 10,015,000.00 12.78% G 33736XCF4 0.00 0.00 92,491.60 15,023,000.00 11.23% H 33736XCG2 0.00 0.00 109,353.87 17,527,000.00 9.43% J 33736XCH0 0.00 0.00 81,960.58 12,519,000.00 8.14% K 33736XCJ6 0.00 0.00 80,873.82 15,023,000.00 6.59% L 33736XCK3 0.00 0.00 107,833.55 20,031,000.00 4.53% M 33736XCL1 0.00 0.00 26,959.73 5,008,000.00 4.01% N 33736XCM9 0.00 0.00 32,558.40 6,048,000.00 3.39% O 33736XCN7 0.00 0.00 31,804.73 5,908,000.00 2.78% P 33736XCP2 0.00 0.00 21,204.95 3,939,000.00 2.38% Q 33736XCQ0 0.00 0.00 107,625.41 21,663,038.00 0.15% V 33736XCS6 0.00 0.00 0.00 1,441,411.21 0.00% Z-I N/A 0.00 0.00 0.00 0.00 0.00% Z-II N/A 0.00 0.00 0.00 0.00 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 6,296,166.71 971,525,139.48
Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount IO 33736XCR8 1.218025% 1,001,539,038.00 971,017,342.63 985,602.68
Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount IO 33736XCR8 0.00 985,602.68 970,083,728.27 (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 33736XBY4 839.82568960 4.89949967 4.34189879 0.00000000 0.00000000 834.92618993 A-2 33736XBZ1 1,000.00000000 0.00000000 5.55250000 0.00000000 0.00000000 1,000.00000000 B 33736XCA5 1,000.00000000 0.00000000 5.68249994 0.00000000 0.00000000 1,000.00000000 C 33736XCB3 1,000.00000000 0.00000000 5.76833307 0.00000000 0.00000000 1,000.00000000 D 33736XCC1 1,000.00000000 0.00000000 5.79250020 0.00000000 0.00000000 1,000.00000000 E 33736XCD9 1,000.00000000 0.00000000 5.83583346 0.00000000 0.00000000 1,000.00000000 F 33736XCE7 1,000.00000000 0.00000000 5.93583325 0.00000000 0.00000000 1,000.00000000 G 33736XCF4 1,000.00000000 0.00000000 6.15666644 0.00000000 0.00000000 1,000.00000000 H 33736XCG2 1,000.00000000 0.00000000 6.23916643 0.00000000 0.00000000 1,000.00000000 J 33736XCH0 1,000.00000000 0.00000000 6.54689512 0.00000000 0.00000000 1,000.00000000 K 33736XCJ6 1,000.00000000 0.00000000 5.38333356 0.00000000 0.00000000 1,000.00000000 L 33736XCK3 1,000.00000000 0.00000000 5.38333333 0.00000000 0.00000000 1,000.00000000 M 33736XCL1 1,000.00000000 0.00000000 5.38333267 0.00000000 0.00000000 1,000.00000000 N 33736XCM9 1,000.00000000 0.00000000 5.38333333 0.00000000 0.00000000 1,000.00000000 O 33736XCN7 1,000.00000000 0.00000000 5.38333277 0.00000000 0.00000000 1,000.00000000 P 33736XCP2 1,000.00000000 0.00000000 5.38333333 0.00000000 0.00000000 1,000.00000000 Q 33736XCQ0 1,000.00000000 0.00000000 4.96815867 0.00000000 0.00000000 1,000.00000000 V 33736XCS6 1,219.67637630 -6.93996154 6.93996154 0.00000000 0.00000000 1,226.61633783 Z-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Z-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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 33736XCR8 969.52520650 0.98408813 0.00000000 968.59302680
Reconciliation Detail Advance Summary P & I Advances Outstanding 625,319.83 Servicing Advances Outstanding 471,284.12 Reimbursement for Interest on P & I Advances 0.00 paid from general collections Reimbursement for Interest on Servicing 0.00 Advances paid from general collections Aggregate amount of Nonrecoverable Advances 0.00
Servicing Fee Summary Current Period Accrued Servicing Fees 43,416.70 Less Delinquent Servicing Fees 2,038.77 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 303.79 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 41,681.72
Certificate Interest Reconciliation Class Accrued Net Aggregate Deferred Distributable Distributable Certificate Prepayment Interest Certificate Certificate Interest Interest Amount Interest Interest Shortfall Adjustment A-1 827,361.84 0.00 0.00 827,361.84 0.00 A-2 3,279,567.47 0.00 0.00 3,279,567.47 0.00 IO 985,602.68 0.00 0.00 985,602.68 0.00 B 241,875.61 0.00 0.00 241,875.61 0.00 C 72,219.53 0.00 0.00 72,219.53 0.00 D 72,516.31 0.00 0.00 72,516.31 0.00 E 116,897.58 0.00 0.00 116,897.58 0.00 F 59,447.37 0.00 0.00 59,447.37 0.00 G 92,491.60 0.00 0.00 92,491.60 0.00 H 109,353.87 0.00 0.00 109,353.87 0.00 J 81,960.58 0.00 0.00 81,960.58 0.00 K 80,873.82 0.00 0.00 80,873.82 0.00 L 107,833.55 0.00 0.00 107,833.55 0.00 M 26,959.73 0.00 0.00 26,959.73 0.00 N 32,558.40 0.00 0.00 32,558.40 0.00 O 31,804.73 0.00 0.00 31,804.73 0.00 P 21,204.95 0.00 0.00 21,204.95 0.00 Q 116,619.35 0.00 0.00 116,619.35 0.00 V 8,155.23 0.00 8,155.23 8,155.23 0.00 Total 6,365,304.20 0.00 8,155.23 6,365,304.20 0.00
Class Additional Interest Remaining Unpaid Trust Fund Distribution Distributable Expenses Certificate Interest A-1 0.00 827,361.84 0.00 A-2 0.00 3,279,567.47 0.00 IO 0.00 985,602.68 0.00 B 0.00 241,875.61 0.00 C 0.00 72,219.53 0.00 D 0.00 72,516.31 0.00 E 0.00 116,897.58 0.00 F 0.00 59,447.37 0.00 G 0.00 92,491.60 0.00 H 0.00 109,353.87 0.00 J 0.00 81,960.58 0.00 K 0.00 80,873.82 0.00 L 0.00 107,833.55 0.00 M 0.00 26,959.73 0.00 N 0.00 32,558.40 0.00 O 0.00 31,804.73 0.00 P 0.00 21,204.95 0.00 Q 8,993.94 107,625.41 46,497.24 V 0.00 8,155.23 257,511.32 Total 8,993.94 6,356,310.26 304,008.56
Other Required Information Available Distribution Amount (1) 7,281,769.39 Aggregate Number of Outstanding Loans 108 Aggregate Stated Principal Balance of Loans Before Distribution 972,450,598.61 Aggregate Stated Principal Balance of Loans After Distribution 971,525,139.48 Aggregate Unpaid Principal Balance of Loans 971,592,377.83 Aggregate Amount of Servicing Fee 41,681.72 Aggregate Amount of Special Servicing Fee 2,605.10 Aggregate Amount of Trustee Fee 1,780.20 Aggregate Trust Fund Expenses 0.00 Interest Reserve Deposit 0.00 Interest Reserve Withdrawal 0.00 Specially Serviced Loans not Delinquent Number of Outstanding Loans 0 Aggregate Unpaid Principal Balance 0.00 (1) The Available Distribution Amount includes any Prepayment Premiums.
Appraisal Reduction Amount Loan Appraisal Cumulative Date Appraisal Number Reduction ASER Reduction Amount Amount Effected 265950372 837,008.99 30,973.46 06/08/2004 Total 837,008.99 30,973.46
Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 6,410,501.12 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 6,410,501.12 Principal: Scheduled Principal 925,459.13 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 925,459.13 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 7,335,960.25 Total Funds Distributed Fees: Master Servicing Fee 43,416.70 Trustee Fee 1,780.20 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 45,196.89 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 0.00 ASER Amount 6,388.84 Special Servicing Fee 2,605.10 Rating Agency Expenses 0.00 Attorney Fees & Expenses 0.00 Bankruptcy Expense 0.00 Taxes Imposed on Trust Fund 0.00 Non-Recoverable Advances 0.00 Other Expenses 0.00 Total Additional Trust Fund Expenses 8,993.94 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 6,356,310.26 Principal Distribution 925,459.13 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 7,281,769.39 Total Funds Distributed 7,335,960.22
Ratings Detail Class CUSIP Original Ratings Current Ratings (1) Fitch Moody's S & P Fitch Moody's S & P A-1 33736XBY4 X Aaa AAA X Aaa AAA A-2 33736XBZ1 X Aaa AAA X Aaa AAA IO 33736XCR8 X Aaa AAA X Aaa AAA B 33736XCA5 X Aa2 AA X Aa2 AA C 33736XCB3 X Aa3 AA- X Aa3 AA- D 33736XCC1 X A1 A+ X A1 A+ E 33736XCD9 X A2 A X A2 A F 33736XCE7 X A3 A- X A3 A- G 33736XCF4 X Baa1 BBB+ X Baa1 BBB+ H 33736XCG2 X Baa2 BBB X Baa2 BBB J 33736XCH0 X Baa3 BBB- X Baa3 BBB- K 33736XCJ6 X Ba1 BB+ X Ba1 BB+ L 33736XCK3 X Ba2 BB X Ba2 BB M 33736XCL1 X Ba3 BB- X Ba3 BB- N 33736XCM9 X B1 B+ X B1 B+ O 33736XCN7 X B2 B X B2 B P 33736XCP2 X B3 B- X B3 B- Q 33736XCQ0 X NR NR X NR NR V 33736XCS6 X NR NR X NR 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. Below 2,000,000 20 26,051,319.03 2.68 83 7.7624 1.224640 2,000,001 to 4,000,000 20 55,251,982.34 5.69 79 7.6709 1.238186 4,000,001 to 6,000,000 23 116,041,310.20 11.94 80 7.7145 1.442059 6,000,001 to 8,000,000 8 56,364,024.72 5.80 78 7.8767 1.667870 8,000,001 to 10,000,000 8 73,850,934.32 7.60 79 7.6301 1.341018 10,000,001 to 15,000,000 9 117,815,933.37 12.13 78 7.6259 1.397298 15,000,001 to 20,000,000 7 119,133,758.88 12.26 81 7.4668 1.273283 20,000,001 to 25,000,000 5 112,168,371.41 11.55 79 7.7386 1.965800 25,000,001 to 30,000,000 2 53,710,418.21 5.53 57 8.3627 1.133215 30,000,001 to 35,000,000 3 95,228,315.31 9.80 81 7.6844 1.083789 35,000,001 to 40,000,000 0 0.00 0.00 0 0.0000 0.000000 40,000,001 to 45,000,000 1 43,732,944.58 4.50 79 6.7940 2.100000 45,000,001 to 50,000,000 1 50,000,000.00 5.15 79 7.7500 0.960000 50,000,001 or greater 1 52,175,827.11 5.37 80 7.5800 1.510000 Totals 108 971,525,139.48 100.00 78 7.6640 1.420664
State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alabama 3 8,904,984.84 0.92 83 7.2200 1.316552 Arizona 1 1,508,821.76 0.16 80 7.8750 1.600000 Arkansas 1 881,621.47 0.09 80 7.8750 1.470000 California 27 223,688,635.97 23.02 78 7.9627 1.498501 Connecticut 4 12,778,692.71 1.32 79 7.8005 1.208937 Delaware 2 11,320,975.60 1.17 80 7.3261 1.340282 Florida 14 95,756,890.65 9.86 69 7.7825 1.094364 Georgia 3 18,064,594.05 1.86 80 7.7313 1.256785 Hawaii 1 20,050,674.11 2.06 79 8.0000 1.540000 Idaho 1 861,363.39 0.09 80 8.0000 1.200000 Illinois 2 7,381,425.69 0.76 80 7.4876 0.767432 Indiana 1 12,292,936.00 1.27 83 7.4400 1.500000 Maine 1 9,165,323.89 0.94 82 7.3000 0.900000 Maryland 2 24,043,435.31 2.47 77 8.3300 1.690000 Massachusetts 3 7,228,445.90 0.74 80 7.8436 1.697278 Michigan 3 4,851,906.12 0.50 96 7.2297 1.345736 Missouri 1 2,396,705.35 0.25 80 7.8750 1.600000 Nevada 4 48,087,098.90 4.95 80 7.3352 1.219443 New Jersey 5 32,992,854.80 3.40 79 7.5213 1.314775 New Mexico 1 1,659,321.79 0.17 77 8.7500 1.110000 New York 7 79,768,884.53 8.21 80 7.8246 1.515341 North Carolina 2 26,556,036.97 2.73 82 7.1773 1.322603 Oklahoma 1 7,178,479.76 0.74 83 7.4400 1.690000 Pennsylvania 6 82,527,845.91 8.49 79 7.2018 1.658566 South Carolina 1 11,552,956.74 1.19 82 7.2900 1.250000 Tennessee 4 9,707,774.67 1.00 80 8.0250 0.983473 Texas 26 118,392,592.82 12.19 77 7.5510 1.475770 Virginia 6 36,962,452.66 3.80 82 7.3326 1.483574 Washington,DC 1 52,175,827.11 5.37 80 7.5800 1.510000 Wisconsin 1 2,785,580.01 0.29 80 7.7500 0.980000 Totals 135 971,525,139.48 100.00 78 7.6640 1.420664
Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. Unknown 1 1,441,411.21 0.15 108 6.8280 NAP 1.04 or less 22 230,252,149.00 23.70 76 7.7220 0.931631 1.05 to 1.14 8 67,694,183.11 6.97 79 7.5353 1.129012 1.15 to 1.19 4 9,205,879.32 0.95 83 7.6643 1.172953 1.20 to 1.24 6 46,055,165.81 4.74 81 7.3393 1.210124 1.25 to 1.29 4 56,014,042.69 5.77 80 7.5957 1.273360 1.30 to 1.34 13 115,628,927.65 11.90 78 7.7726 1.317960 1.35 to 1.39 5 25,327,626.62 2.61 80 7.5620 1.372410 1.40 to 1.44 6 37,766,489.83 3.89 76 8.0163 1.421223 1.45 to 1.49 6 38,751,799.11 3.99 76 7.6951 1.467870 1.50 to 1.54 7 103,678,811.05 10.67 80 7.7175 1.514817 1.55 to 1.59 4 37,330,960.66 3.84 80 7.3109 1.577368 1.60 to 1.64 1 16,341,700.38 1.68 80 7.8750 1.600000 1.65 to 1.69 5 44,549,814.42 4.59 79 8.1019 1.680569 1.70 to 1.74 4 31,534,819.83 3.25 78 8.0023 1.715635 1.75 to 1.79 3 10,675,127.54 1.10 80 7.5235 1.750000 1.80 to 1.89 3 12,228,766.58 1.26 79 7.4404 1.868569 1.90 to 1.94 0 0.00 0.00 0 0.0000 0.000000 1.95 to 1.99 1 4,883,327.14 0.50 78 8.1000 1.990000 2.00 or greater 5 82,164,137.53 8.46 78 7.2622 2.816292 Totals 108 971,525,139.48 100.00 78 7.6640 1.420664
Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 7 48,937,642.11 5.04 79 8.0950 1.214305 Lodging 8 61,314,794.14 6.31 79 7.9253 1.073710 Mixed Use 3 36,496,909.38 3.76 77 7.8703 3.218704 Mobile Home Park 1 878,242.68 0.09 19 8.5000 0.960000 Multi-Family 40 326,953,922.23 33.65 76 7.5036 1.236820 Office 29 280,051,211.52 28.83 79 7.7280 1.550540 Retail 27 182,861,611.96 18.82 82 7.5654 1.344577 Self Storage 20 34,030,805.46 3.50 80 7.8750 1.532426 Totals 135 971,525,139.48 100.00 78 7.6640 1.420664
Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 6.999% or less 7 53,976,691.09 5.56 85 6.8085 1.867393 7.000% to 7.249% 14 129,951,648.17 13.38 81 7.1760 1.223355 7.250% to 7.499% 22 224,194,384.41 23.08 79 7.3439 1.383751 7.500% to 7.749% 14 119,447,301.58 12.29 80 7.6058 1.379049 7.750% to 7.999% 18 190,577,746.48 19.62 80 7.8027 1.676237 8.000% to 8.249% 15 130,039,348.16 13.39 71 8.0486 1.119340 8.250% to 8.499% 8 44,634,322.06 4.59 73 8.3466 1.505649 8.500% to 8.749% 8 62,533,172.43 6.44 74 8.6570 1.450056 8.750% or greater 2 16,170,525.10 1.66 73 8.8577 1.397164 Totals 108 971,525,139.48 100.00 78 7.6640 1.420664
Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 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 7 42,189,072.14 4.34 90 7.5515 1.181504 37 to 48 months 101 929,336,067.34 95.66 78 7.6691 1.431521 49 months and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 108 971,525,139.48 100.00 78 7.6640 1.420664
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. 60 months or less 3 31,957,144.14 3.29 40 8.0865 1.009241 61 to 84 months 90 878,705,759.72 90.45 79 7.6678 1.369912 85 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 93 910,662,903.86 93.74 78 7.6825 1.357256
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 15 60,862,235.62 6.26 85 7.3875 2.369419 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 144 months 0 0.00 0.00 0 0.0000 0.000000 145 to 300 months 0 0.00 0.00 0 0.0000 0.000000 301 to 348 months 0 0.00 0.00 0 0.0000 0.000000 349 to 360 months 0 0.00 0.00 0 0.0000 0.000000 361 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 15 60,862,235.62 6.26 85 7.3875 2.369419
Remaining Amortization Term (ARD and Balloon Loans) Remaining Amortization # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. Interest Only 7 61,250,000.00 6.30 79 7.3500 1.642653 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 144 months 0 0.00 0.00 0 0.0000 0.000000 145 to 300 months 12 247,340,052.71 25.46 79 7.5588 1.475022 301 to 348 months 73 594,151,382.98 61.16 77 7.7656 1.251175 349 to 360 months 0 0.00 0.00 0 0.0000 0.000000 361 months or greater 1 7,921,468.17 0.82 78 7.8800 3.430000 Totals 93 910,662,903.86 93.74 78 7.6825 1.357256
Age of Most Recent NOI Age of Most # of Scheduled % of WAM WAC Weighted Recent NOI Loans Balance Agg. (2) Avg DSCR (1) Bal. Unknown 1 1,441,411.21 0.15 108 6.8280 NAP 1 year or less 97 925,327,449.63 95.24 78 7.6723 1.434309 1 to 2 years 9 42,453,265.21 4.37 82 7.5357 1.169705 2 years or greater 1 2,303,013.43 0.24 83 7.2200 1.453215 Totals 108 971,525,139.48 100.00 78 7.6640 1.420664 (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 265950394 1 OF Washington DC 340,997.94 66,601.87 7.580% 265950357 2 LO Various Various 333,680.56 0.00 7.750% 510000162 3 OF Philadelphia PA 256,141.89 49,082.80 6.794% 265950334 4 MF La Jolla CA 230,222.60 21,440.50 8.030% 510000172 5 RT Islip NY 213,882.66 21,195.14 7.770% 603000006 6 MF Tallahassee FL 186,469.67 24,164.57 7.210% 603000007 7 MF Various FL 193,299.57 17,849.73 8.050% 603000008 8 OF Anaheim CA 193,712.83 14,170.42 8.700% 510000146 9 OF Gaithersburg MD 172,568.09 14,385.74 8.330% 265950525 10 MU Sacramento CA 154,375.00 0.00 7.800% 265950455 11 MF Las Vegas NV 142,793.75 0.00 7.370% 265950554 12 OF New York NY 134,666.30 17,452.27 7.160% 510000160 13 RT Kaneohe HI 138,290.76 23,790.65 8.000% 265950520 14 MF Las Vegas NV 121,343.82 16,284.53 7.090% 510000165 15 SS Various Various 120,098.97 21,341.77 7.875% 265950445 16 IN Lake Forest CA 115,619.01 12,000.86 7.700% 265950532 17 RT Asheboro NC 103,516.27 13,317.90 7.178% 510000166 18 SS Various Various 110,950.86 19,716.13 7.875% 265950489 19 MF Riverside CA 99,007.81 12,274.95 7.320% 265950448 20 MF Neptune City NJ 96,209.36 20,885.35 7.250% 265950378 21 MF Irving TX 94,937.50 0.00 7.350% 510000129 22 OF New York NY 110,895.44 7,602.24 8.870% 503000023 23 MF Moon Township PA 89,381.30 10,816.01 7.380% 265950381 24 MF Irving TX 90,190.63 0.00 7.350% 265950457 25 RT Woodbridge VA 78,123.63 9,629.45 7.300% 265950614 26 MF Bloomington IN 78,804.09 7,389.62 7.440% 265950322 27 OF Bensalem Township PA 84,626.58 7,573.32 8.140% 265950611 28 RT Los Angeles CA 74,525.45 8,642.00 7.410% 503000029 29 RT Bluffton SC 72,579.70 8,922.39 7.290% 265950533 30 RT Randleman NC 60,741.80 7,821.08 7.176% 510000153 31 IN Santa Cruz CA 71,152.73 5,050.15 8.650% 265950386 32 MF Dallas TX 60,127.08 0.00 7.350% 265950400 33 RT Chesapeake VA 59,518.90 6,906.48 7.500% 265950450 34 MF Wilmington DE 56,419.07 12,247.58 7.250% 510000169 35 RT Bangor ME 57,658.62 7,059.28 7.300% 265950449 36 MF Matawan NJ 55,231.30 11,989.74 7.250% 510000128 37 IN Sunnyvale CA 64,742.40 5,034.68 8.590% 265330988 38 MU Santa Monica CA 53,801.26 5,295.22 7.940% 510000151 39 OF New York NY 53,759.34 1,146.44 7.880% 265950566 40 OF Richmond VA 36,118.02 51,816.11 7.220% 265330998 41 OF Los Angeles CA 52,200.31 4,408.53 8.300% 265330995 42 OF San Francisco CA 50,182.27 4,850.07 8.000% 265950562 43 OF Houston TX 35,154.87 50,434.35 7.220% 265950619 44 MF Norman OK 46,017.77 4,315.19 7.440% 265330972 45 LO Sabal Park FL 47,409.34 6,628.12 8.700% 265950561 46 OF Birmingham AL 31,302.28 44,907.30 7.220% 265950377 47 MF Richardson TX 39,557.29 0.00 7.350% 265950384 48 MF Bedford TX 39,557.29 0.00 7.350% 510000168 49 RT Jacksonville FL 37,068.53 4,392.43 7.380% 510000148 50 OF Parsippany NJ 41,910.61 3,294.93 8.480% 510000144 51 RT Los Angeles CA 40,811.10 3,138.22 8.530% 265950348 52 OF Austin TX 35,019.09 3,667.17 7.750% 265950458 53 MF Safety Harbor FL 34,876.59 3,597.21 7.770% 265950395 54 IN Augusta GA 34,606.96 3,541.99 7.750% 265950387 55 MF Dallas TX 33,228.13 0.00 7.350% 510000163 56 MF Joliet IL 32,915.17 3,793.59 7.500% 265950456 57 OF Alexandria VA 32,377.02 3,768.73 7.440% 265330973 58 LO Tallahassee FL 37,446.20 5,235.20 8.700% 265950321 59 MU Las Vegas NV 34,082.85 3,102.68 8.100% 510000156 60 MF Lafayette Hills PA 29,745.80 3,990.76 7.140% 265950435 61 RT Morrow GA 31,939.22 3,419.24 7.680% 510000152 62 MF Monterey CA 31,556.45 3,479.34 7.625% 265950390 63 RT Cupertino CA 31,581.85 3,353.20 7.700% 265950444 64 OF San Clemente CA 31,456.12 3,265.04 7.700% 265950382 65 MF San Antonio TX 30,063.54 0.00 7.350% 510000159 66 RT Austin TX 31,514.49 2,972.44 8.000% 265950349 67 OF Austin TX 29,182.58 3,055.97 7.750% 265950565 68 OF Richmond VA 20,226.09 29,017.02 7.220% 510000145 69 RT Jacksonville FL 28,254.21 2,541.13 8.170% 503000070 70 OF Pittsburgh PA 26,964.67 2,652.65 7.900% 603000071 71 MF Patton Township PA 25,412.22 2,830.77 7.600% 265950317 72 IN Memphis TN 25,221.82 2,185.34 8.140% 825999645 73 RT Galt CA 15,834.93 18,091.65 6.942% 265950370 74 MF Pasadena TX 22,938.97 1,945.69 8.290% 510000164 75 MF Farmers Branch TX 20,376.06 2,348.41 7.500% 265950372 76 MF Arlington TX 22,040.12 1,843.12 8.180% 265950560 77 OF Birmingham AL 14,447.21 20,726.44 7.220% 265950563 78 OF Houston TX 14,447.21 20,726.44 7.220% 265950459 79 RT Palm Beach Gardens FL 18,736.31 2,047.53 7.630% 265950422 80 IN Green Bay WI 18,612.85 3,442.75 7.750% 510000161 81 OF Healdsburg CA 19,121.31 1,790.98 8.000% 825999649 82 RT Palm Desert CA 12,397.65 14,482.35 6.828% 265950365 83 MF Newark DE 15,087.18 1,652.14 7.625% 265950328 84 RT Sterling IL 14,713.27 1,723.60 7.460% 265950481 85 MF Detroit MI 14,724.99 1,578.01 7.640% 265950431 86 RT Stamford CT 14,897.70 1,455.42 7.900% 510000158 87 MF Johnson Ciy TN 14,483.26 1,366.05 8.000% 265330960 88 MF Clarksville TN 14,179.41 1,409.58 7.875% 265950559 89 OF Birmingham AL 10,113.04 14,508.52 7.220% 265950369 90 MF Woburn MA 13,131.94 0.00 7.625% 265330945 91 OF San Francisco CA 13,006.26 1,321.98 7.750% 510000157 92 MF Johnson Ciy TN 13,242.79 1,249.06 8.000% 825999532 93 RT Portage MI 8,225.14 9,310.69 6.990% 510000154 94 IN Plano TX 11,398.86 1,075.14 8.000% 510000149 95 RT Albuquerque NM 12,509.05 864.86 8.750% 825999737 96 RT Roanoke VA 7,458.13 8,725.89 6.820% 825999799 97 RT Warren MI 6,866.33 8,144.89 6.750% 265950312 98 OF Encino CA 10,468.16 826.63 8.470% 265950564 99 OF San Antonio TX 6,742.03 9,672.34 7.220% 265950440 100 MF Naples FL 8,446.97 833.92 7.875% 265950353 101 OF White Plains NY 8,734.72 753.78 8.250% 265950367 102 MF Stuart FL 8,507.65 680.11 8.400% 265330909 103 MH Roanoke TX 6,431.82 488.40 8.500% 265950423 104 RT Meridian ID 5,937.67 556.15 8.000% 265950429 105 MF Carson City NV 5,641.96 590.83 7.750% 265950409 106 RT Long Beach CA 4,754.78 358.49 8.500% 265950428 107 MF Brookline MA 3,664.87 286.94 8.415% 825999649 108 RT Palm Desert CA 8,155.23 (8,155.23) 6.828% Totals 6,410,501.12 925,459.13
Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 265950394 N/A 02/01/2011 N 52,242,428.98 52,175,827.11 06/01/2004 265950357 N/A 01/01/2011 N 50,000,000.00 50,000,000.00 06/01/2004 510000162 01/31/2011 01/01/2029 N 43,782,027.38 43,732,944.58 06/01/2004 265950334 N/A 01/01/2011 N 33,294,554.85 33,273,114.35 06/01/2004 510000172 06/01/2011 06/01/2031 N 31,966,520.77 31,945,325.63 06/01/2004 603000006 02/01/2011 02/01/2031 N 30,034,039.90 30,009,875.33 05/01/2004 603000007 N/A 01/01/2008 N 27,885,331.38 27,867,481.65 06/01/2004 603000008 07/01/2010 07/01/2030 N 25,857,106.98 25,842,936.56 06/01/2004 510000146 11/01/2010 11/01/2030 N 24,057,821.05 24,043,435.31 06/01/2004 265950525 N/A 11/10/2010 N 23,750,000.00 23,750,000.00 06/10/2004 265950455 N/A 01/01/2011 N 22,500,000.00 22,500,000.00 06/01/2004 265950554 04/01/2011 04/01/2031 N 21,841,714.26 21,824,261.99 06/01/2004 510000160 N/A 01/01/2011 N 20,074,464.76 20,050,674.11 06/01/2004 265950520 N/A 03/01/2011 N 19,875,233.21 19,858,948.68 06/01/2004 510000165 02/01/2011 02/01/2026 N 17,710,446.84 17,689,105.07 06/01/2004 265950445 N/A 04/01/2011 N 17,437,303.38 17,425,302.52 06/01/2004 265950532 N/A 04/01/2011 N 16,747,344.87 16,734,026.97 06/01/2004 510000166 02/01/2011 02/01/2026 N 16,361,416.51 16,341,700.38 06/01/2004 265950489 N/A 02/01/2011 N 15,707,215.25 15,694,940.30 06/01/2004 265950448 N/A 02/01/2011 N 15,410,620.31 15,389,734.96 06/01/2004 265950378 N/A 01/01/2011 N 15,000,000.00 15,000,000.00 06/01/2004 510000129 N/A 06/01/2010 N 14,518,805.55 14,511,203.31 06/01/2004 503000023 N/A 02/01/2011 N 14,064,721.33 14,053,905.32 06/01/2004 265950381 N/A 01/01/2011 N 14,250,000.00 14,250,000.00 06/01/2004 265950457 N/A 03/01/2011 N 12,427,975.39 12,418,345.94 06/01/2004 265950614 N/A 05/01/2011 N 12,300,325.62 12,292,936.00 06/01/2004 265950322 N/A 12/01/2010 N 12,073,222.14 12,065,648.82 06/01/2004 265950611 N/A 11/01/2009 N 11,679,579.24 11,670,937.24 06/01/2004 503000029 N/A 04/01/2011 N 11,561,879.13 11,552,956.74 06/01/2004 265950533 N/A 04/01/2011 N 9,829,831.08 9,822,010.00 06/01/2004 510000153 N/A 01/01/2011 N 9,552,482.62 9,547,432.47 06/01/2004 265950386 N/A 01/01/2011 N 9,500,000.00 9,500,000.00 06/01/2004 265950400 N/A 01/01/2011 N 9,215,829.48 9,208,923.00 06/01/2004 265950450 N/A 02/01/2011 N 9,037,092.22 9,024,844.64 06/01/2004 510000169 N/A 04/01/2011 N 9,172,383.17 9,165,323.89 06/01/2004 265950449 N/A 02/01/2011 N 8,846,837.45 8,834,847.71 06/01/2004 510000128 N/A 06/01/2010 N 8,752,587.29 8,747,552.61 06/01/2004 265330988 N/A 11/01/2010 N 7,868,877.46 7,863,582.24 06/01/2004 510000151 N/A 12/01/2010 N 7,922,614.61 7,921,468.17 06/01/2004 265950566 N/A 05/01/2011 N 5,809,349.43 5,757,533.32 06/01/2004 265330998 11/01/2010 11/01/2030 N 7,303,580.59 7,299,172.06 06/01/2004 265330995 N/A 10/01/2010 N 7,284,523.61 7,279,673.54 05/01/2004 265950562 N/A 05/01/2011 N 5,654,433.47 5,603,999.12 06/01/2004 265950619 N/A 05/01/2011 N 7,182,794.95 7,178,479.76 06/01/2004 265330972 N/A 11/01/2010 N 6,328,277.07 6,321,648.95 06/01/2004 265950561 N/A 05/01/2011 N 5,034,769.51 4,989,862.21 06/01/2004 265950377 N/A 01/01/2011 N 6,250,000.00 6,250,000.00 06/01/2004 265950384 N/A 01/01/2011 N 6,250,000.00 6,250,000.00 06/01/2004 510000168 N/A 04/01/2011 N 5,832,971.06 5,828,578.63 06/01/2004 510000148 N/A 10/01/2010 N 5,739,431.94 5,736,137.01 06/01/2004 510000144 N/A 10/01/2010 N 5,556,100.97 5,552,962.75 06/01/2004 265950348 N/A 01/01/2011 N 5,247,397.76 5,243,730.59 06/01/2004 265950458 N/A 02/01/2011 N 5,212,592.98 5,208,995.77 06/01/2004 265950395 N/A 03/01/2011 N 5,185,641.71 5,182,099.72 06/01/2004 265950387 N/A 01/01/2011 N 5,250,000.00 5,250,000.00 06/01/2004 510000163 N/A 02/01/2011 N 5,096,542.99 5,092,749.40 06/01/2004 265950456 N/A 03/01/2011 N 5,053,645.72 5,049,876.99 06/01/2004 265330973 N/A 11/01/2010 N 4,998,380.39 4,993,145.19 06/01/2004 265950321 N/A 12/01/2010 N 4,886,429.82 4,883,327.14 06/01/2004 510000156 N/A 01/01/2011 N 4,838,026.85 4,834,036.09 06/01/2004 265950435 N/A 02/01/2011 N 4,829,518.81 4,826,099.57 06/01/2004 510000152 N/A 01/01/2011 N 4,806,058.68 4,802,579.34 06/01/2004 265950390 N/A 02/01/2011 N 4,763,077.98 4,759,724.78 06/01/2004 265950444 N/A 04/01/2011 N 4,744,115.53 4,740,850.49 06/01/2004 265950382 N/A 01/01/2011 N 4,750,000.00 4,750,000.00 06/01/2004 510000159 N/A 01/01/2011 N 4,574,684.57 4,571,712.13 06/01/2004 265950349 N/A 01/01/2011 N 4,372,831.48 4,369,775.51 06/01/2004 265950565 N/A 05/01/2011 N 3,253,235.80 3,224,218.78 06/01/2004 510000145 10/01/2010 10/01/2030 N 4,016,075.58 4,013,534.45 06/01/2004 503000070 N/A 01/01/2011 N 3,963,773.09 3,961,120.44 06/01/2004 603000071 N/A 01/01/2011 N 3,883,021.43 3,880,190.66 06/01/2004 265950317 N/A 03/01/2011 N 3,598,262.32 3,596,076.98 06/01/2004 825999645 N/A 06/01/2013 N 2,737,238.84 2,719,147.19 06/01/2004 265950370 N/A 11/01/2005 N 3,213,365.50 3,211,419.81 06/01/2004 510000164 N/A 02/01/2011 N 3,155,002.85 3,152,654.44 05/01/2004 265950372 N/A 11/01/2010 N 3,128,970.32 3,127,127.20 09/01/2003 265950560 N/A 05/01/2011 N 2,323,739.87 2,303,013.43 06/01/2004 265950563 N/A 05/01/2011 N 2,323,739.87 2,303,013.43 06/01/2004 265950459 N/A 02/01/2011 N 2,851,676.88 2,849,629.35 06/01/2004 265950422 N/A 02/01/2011 N 2,789,022.76 2,785,580.01 06/01/2004 510000161 N/A 02/01/2011 N 2,775,673.55 2,773,882.57 06/01/2004 825999649 N/A 06/01/2013 N 2,178,849.67 2,164,367.32 06/01/2004 265950365 N/A 02/01/2011 N 2,297,783.10 2,296,130.96 06/01/2004 265950328 N/A 02/01/2011 N 2,290,399.89 2,288,676.29 05/01/2004 265950481 N/A 03/01/2011 N 2,238,217.97 2,236,639.96 06/01/2004 265950431 N/A 02/01/2011 N 2,189,943.00 2,188,487.58 06/01/2004 510000158 N/A 01/01/2011 N 2,102,408.33 2,101,042.28 06/01/2004 265330960 N/A 01/01/2011 N 2,090,973.24 2,089,563.66 09/01/2003 265950559 N/A 05/01/2011 N 1,626,617.72 1,612,109.20 06/01/2004 265950369 N/A 01/01/2011 N 2,000,000.00 2,000,000.00 06/01/2004 265330945 N/A 04/01/2011 N 1,948,908.15 1,947,586.17 06/01/2004 510000157 N/A 01/01/2011 N 1,922,340.81 1,921,091.75 06/01/2004 825999532 N/A 06/01/2013 N 1,412,041.08 1,402,730.39 06/01/2004 510000154 N/A 01/01/2011 N 1,654,672.94 1,653,597.80 06/01/2004 510000149 N/A 11/01/2010 N 1,660,186.65 1,659,321.79 06/01/2004 825999737 N/A 06/01/2013 N 1,312,280.52 1,303,554.63 06/01/2004 825999799 N/A 06/01/2013 N 1,220,680.66 1,212,535.77 06/01/2004 265950312 N/A 10/01/2010 N 1,435,251.24 1,434,424.61 06/01/2004 265950564 N/A 05/01/2011 N 1,084,411.96 1,074,739.62 06/01/2004 265950440 N/A 02/01/2011 N 1,245,636.38 1,244,802.46 06/01/2004 265950353 N/A 11/01/2010 N 1,229,520.36 1,228,766.58 06/01/2004 265950367 N/A 12/01/2010 N 1,176,173.05 1,175,492.94 06/01/2004 265330909 N/A 01/01/2006 N 878,731.08 878,242.68 06/01/2004 265950423 N/A 02/01/2011 N 861,919.54 861,363.39 06/01/2004 265950429 N/A 01/01/2011 N 845,413.91 844,823.08 06/01/2004 265950409 N/A 02/01/2011 N 649,609.71 649,251.22 06/01/2004 265950428 N/A 02/01/2011 N 505,760.68 505,473.74 06/01/2004 825999649 N/A 06/01/2013 N 1,433,255.98 1,441,411.21 06/01/2004 Totals 972,450,598.61 971,525,139.48
Loan Appraisal Appraisal Res. Mod. Number Reduction Reduction Strat. Code Date Amount (2) (3) 265330995 11 265950372 06/08/2004 837,008.99 7 265330960 2 Totals 837,008.99 (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 06/14/2004 0 $0.00 0 $0.00 0 $0.00 05/14/2004 0 $0.00 0 $0.00 0 $0.00 04/14/2004 0 $0.00 0 $0.00 1 $2,092,828.05 03/12/2004 0 $0.00 0 $0.00 1 $2,094,215.64 02/13/2004 0 $0.00 0 $0.00 1 $2,096,504.93 01/14/2004 0 $0.00 0 $0.00 1 $2,097,867.75 12/12/2003 0 $0.00 1 $2,099,221.39 0 $0.00 11/17/2003 1 $2,101,022.42 0 $0.00 0 $0.00 10/15/2003 0 $0.00 0 $0.00 0 $0.00 09/12/2003 1 $3,146,707.14 0 $0.00 0 $0.00 08/14/2003 1 $3,148,413.31 0 $0.00 0 $0.00 07/14/2003 1 $3,150,107.54 0 $0.00 0 $0.00
Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 06/14/2004 1 $2,089,563.66 1 $3,127,127.20 0 $0.00 05/14/2004 1 $2,090,973.24 1 $3,128,970.32 0 $0.00 04/14/2004 0 $0.00 1 $3,131,507.12 0 $0.00 03/12/2004 0 $0.00 1 $3,133,319.60 0 $0.00 02/13/2004 0 $0.00 1 $3,136,534.82 0 $0.00 01/14/2004 0 $0.00 1 $3,138,312.14 0 $0.00 12/12/2003 0 $0.00 1 $3,140,077.03 0 $0.00 11/17/2003 0 $0.00 1 $3,142,538.63 0 $0.00 10/15/2003 0 $0.00 1 $3,144,273.95 0 $0.00 09/12/2003 0 $0.00 0 $0.00 0 $0.00 08/14/2003 0 $0.00 0 $0.00 0 $0.00 07/14/2003 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 06/14/2004 0 $0.00 0 $0.00 7.664011% 7.605022% 78 05/14/2004 0 $0.00 0 $0.00 7.663844% 7.604857% 79 04/14/2004 0 $0.00 0 $0.00 7.663691% 7.604704% 80 03/12/2004 0 $0.00 0 $0.00 7.663528% 7.604542% 81 02/13/2004 0 $0.00 0 $0.00 7.663388% 7.604403% 82 01/14/2004 0 $0.00 0 $0.00 7.663227% 7.606650% 83 12/12/2003 0 $0.00 0 $0.00 7.663108% 7.606532% 84 11/17/2003 0 $0.00 0 $0.00 7.663010% 7.606435% 85 10/15/2003 0 $0.00 0 $0.00 7.662893% 7.606319% 86 09/12/2003 0 $0.00 0 $0.00 7.662796% 7.606222% 87 08/14/2003 0 $0.00 0 $0.00 7.662681% 7.606108% 88 07/14/2003 0 $0.00 0 $0.00 7.662566% 7.606796% 89 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 603000006 6 0 05/01/2004 209,382.82 209,382.82 B 265330995 42 0 05/01/2004 54,728.82 54,728.82 B 510000164 75 0 05/01/2004 22,553.57 22,553.57 A 265950372 76 8 09/01/2003 17,364.03 182,798.92 9 265950328 84 0 05/01/2004 16,341.43 16,341.43 B 265330960 88 8 09/01/2003 15,501.87 139,514.27 7 Totals 6 335,872.53 625,319.83
Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date 603000006 30,034,039.90 0.00 265330995 11 01/30/2004 7,284,523.61 0.00 510000164 3,155,002.85 0.00 265950372 7 08/01/2003 3,146,707.14 439,068.67 10/07/2003 265950328 2,290,399.89 0.00 265330960 2 01/12/2004 2,104,135.42 32,215.45 Totals 48,014,808.81 471,284.12
Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = 7 (1 loan) 15,501.87 139,514.27 2,104,135.42 32,215.45 Total for Status Code = 9 (1 loan) 17,364.03 182,798.92 3,146,707.14 439,068.67 Total for Status Code = A (1 loan) 22,553.57 22,553.57 3,155,002.85 0.00 Total for Status Code = B (3 loans) 280,453.07 280,453.07 39,608,963.40 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 265330995 42 01/30/2004 11 7,279,673.54 OF CA 8.000% 7,284,523.61 265950372 76 08/01/2003 7 3,127,127.20 MF TX 8.180% 3,146,707.14 265330960 88 01/12/2004 2 2,089,563.66 MF TN 7.875% 2,104,135.42
Net Remaining Loan Operating DSCR Note Maturity Amortization Number Income Date DSCR Date Date Term 265330995 346,800.50 09/30/2003 0.70 11/01/2000 10/01/2010 315 265950372 175,179.79 12/31/2002 0.61 12/01/2000 11/01/2010 322 265330960 63,960.94 06/30/2003 0.68 02/01/2001 01/01/2011 318 (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 265330995 42 11 07/17/2000 16,000,000.00 265950372 76 7 09/23/2003 3,250,000.00 265330960 88 2 07/21/2000 2,700,000.00
Loan Number Comments from Special Servicer 265330995 Borrower under contract to sell the property. Borrower has requested to pay the Loan off in full with partial prepayment premium. Special Servicer considering request. Loan remains current but property 50% occupied with DSCR of .76x. 265950372 Renovation construction contract has been signed, anticipate 12 weeks to completion of interior and exterior renovation work - by end of September. 265330960 Foreclosure filed week of May 3rd. Brookside Properties will be possible receiver/manager. Property's performance declined significantly in 2003 due to deployment of troops from Fort Campbell (under 1.0X) however has rebounded recently and property is cl ose to covering debt service. (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 No Liquidated Loans -----END PRIVACY-ENHANCED MESSAGE-----