-----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, V9L8OzuL89JETmjqb8tHuXMZQqUhwQxrDvoRuRl0jjSxGmncCly7RD+oK1Ga0AJJ mP1DLgdXwR9St/7W63Id/g== 0001056404-04-000392.txt : 20040127 0001056404-04-000392.hdr.sgml : 20040127 20040127115511 ACCESSION NUMBER: 0001056404-04-000392 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040115 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WACHOVIA COMMERCIAL MORT SEC INC PAS THR CERTS SER 03 C3 CENTRAL INDEX KEY: 0001220670 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-83930-03 FILM NUMBER: 04545394 BUSINESS ADDRESS: STREET 1: 201 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 02110 8-K 1 wac03c3.txt JANUARY 8-K 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 : January 15, 2004 (Date of earliest event reported) Commission File No.: 333-83930-03 Wachovia Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2003-C3 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2090865 54-2090866 91-2063264 54-6528880 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 21045 (Address of principal executive offices) (Zip Code) (410) 884-2000 Registrant's Full Telephone Number (Former name, former address and former fiscal year, if changed since last report) ITEM 5. Other Events On January 15, 2004 a distribution was made to holders of Wachovia Commercial Mortgage Securities, Inc.,Commercial Mortgage Pass-Through Certificates, Series 2003-C3. 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 2003-C3, relating to the January 15, 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. Wachovia Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2003-C3 By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: January 16, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2003-C3, relating to the January 15, 2004 distribution. EX-99.1 Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Rd Columbia, MD 21045-1951 Wachovia Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2003-C3 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 01/15/2004 Record Date: 12/31/2003 DISTRIBUTION DATE STATEMENT Table of Contents STATEMENT SECTIONS PAGE(s) Certificate Distribution Detail 2 Certificate Factor Detail 3 Reconciliation Detail 4 Other Required Information 5 Cash Reconciliation 6 Ratings Detail 7 Current Mortgage Loan and Property Stratification Tables 8 - 10 Mortgage Loan Detail 11 - 15 Principal Prepayment Detail 16 Historical Detail 17 Delinquency Loan Detail 18 - 20 Specially Serviced Loan Detail 21 - 22 Modified Loan Detail 23 Liquidated Loan Detail 24 Depositor Wachovia Commercial Mortgage Securities, Inc. 301 South College Street Charlotte, NC 28288-1016 Contact: Tim Steward Phone Number: (704) 593-7822 Master Servicer Wachovia Bank, National Association 8739 Research Drive URP 4, NC1075 Charlotte, NC 28262 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 MN, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank MN, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank MN, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 2003, Wells Fargo Bank Minnesota, N.A.
Certificate Distribution Detail Class CUSIP Pass-Through Original Beginning Principal Rate Balance Balance Distribution A-1 929766CT8 4.037000% 259,086,000.00 250,464,395.30 797,450.76 A-2 929766CU5 4.867000% 477,837,000.00 477,837,000.00 0.00 B 929766CV3 4.973000% 36,319,000.00 36,319,000.00 0.00 C 929766CW1 5.033000% 12,888,000.00 12,888,000.00 0.00 D 929766CX9 5.072000% 25,775,000.00 25,775,000.00 0.00 E 929766CY7 5.141000% 12,887,000.00 12,887,000.00 0.00 F 929766DD2 5.605000% 10,544,000.00 10,544,000.00 0.00 G 929766DF7 5.704000% 12,888,000.00 12,888,000.00 0.00 H 929766DH3 6.095641% 12,887,000.00 12,887,000.00 0.00 J 929766DK6 4.982000% 22,260,000.00 22,260,000.00 0.00 K 929766DM2 4.982000% 9,373,000.00 9,373,000.00 0.00 L 929766DP5 4.982000% 7,029,000.00 7,029,000.00 0.00 M 929766DR1 4.982000% 2,343,000.00 2,343,000.00 0.00 N 929766DT7 4.982000% 7,030,000.00 7,030,000.00 0.00 O 929766DV2 4.982000% 4,686,000.00 4,686,000.00 0.00 P 929766DX8 4.982000% 23,432,149.00 23,432,149.00 0.00 Z-I NA 0.000000% 0.00 0.00 0.00 Z-II NA 0.000000% 0.00 0.00 0.00 Z-III NA 0.000000% 0.00 0.00 0.00 R-I NA 0.000000% 0.00 0.00 0.00 R-II NA 0.000000% 0.00 0.00 0.00 Totals 937,264,149.00 928,642,544.30 797,450.76
Class CUSIP Interest Prepayment Realized Loss/ Total Ending Current Distribution Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level(1) A-1 929766CT8 842,603.97 0.00 0.00 1,640,054.73 249,666,944.54 21.59% A-2 929766CU5 1,938,027.23 0.00 0.00 1,938,027.23 477,837,000.00 21.59% B 929766CV3 150,511.99 0.00 0.00 150,511.99 36,319,000.00 17.68% C 929766CW1 54,054.42 0.00 0.00 54,054.42 12,888,000.00 16.29% D 929766CX9 108,942.33 0.00 0.00 108,942.33 25,775,000.00 13.51% E 929766CY7 55,210.06 0.00 0.00 55,210.06 12,887,000.00 12.12% F 929766DD2 49,249.27 0.00 0.00 49,249.27 10,544,000.00 10.99% G 929766DF7 61,260.96 0.00 0.00 61,260.96 12,888,000.00 9.60% H 929766DH3 65,462.10 0.00 0.00 65,462.10 12,887,000.00 8.21% J 929766DK6 92,416.10 0.00 0.00 92,416.10 22,260,000.00 5.81% K 929766DM2 38,913.57 0.00 0.00 38,913.57 9,373,000.00 4.80% L 929766DP5 29,182.07 0.00 0.00 29,182.07 7,029,000.00 4.04% M 929766DR1 9,727.35 0.00 0.00 9,727.35 2,343,000.00 3.79% N 929766DT7 29,186.22 0.00 0.00 29,186.22 7,030,000.00 3.03% O 929766DV2 19,454.71 0.00 0.00 19,454.71 4,686,000.00 2.53% P 929766DX8 97,200.85 0.00 0.00 97,200.85 23,432,149.00 0.00% Z-I NA 0.00 0.00 0.00 0.00 0.00 0.00% Z-II NA 0.00 0.00 0.00 0.00 0.00 0.00% Z-III NA 0.00 0.00 0.00 0.00 0.00 0.00% R-I NA 0.00 0.00 0.00 0.00 0.00 0.00% R-II NA 0.00 0.00 0.00 0.00 0.00 0.00% Totals 3,641,403.20 0.00 0.00 4,438,853.96 927,845,093.54
Original Beginning Pass-Through Notional Notional Class CUSIP Rate Amount Amount IO-I 929766CZ4 0.077268% 937,264,149.00 928,642,544.30 IO-II 929766DB6 1.421299% 890,430,000.00 890,430,000.00
Ending Interest Prepayment Total Notional Class CUSIP Distribution Penalties Distribution Amount IO-I 929766CZ4 59,795.28 0.00 59,795.28 927,845,093.54 IO-II 929766DB6 1,054,639.64 0.00 1,054,639.64 890,353,944.54 (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 Realized Loss/ Beginning Principal Interest Prepayment Additional Trust Ending Class CUSIP Balance Distribution Distribution Penalties Fund Expenses Balance A-1 929766CT8 966.72300047 3.07793845 3.25221729 0.00000000 0.00000000 963.64506203 A-2 929766CU5 1,000.00000000 0.00000000 4.05583333 0.00000000 0.00000000 1,000.00000000 B 929766CV3 1,000.00000000 0.00000000 4.14416669 0.00000000 0.00000000 1,000.00000000 C 929766CW1 1,000.00000000 0.00000000 4.19416667 0.00000000 0.00000000 1,000.00000000 D 929766CX9 1,000.00000000 0.00000000 4.22666654 0.00000000 0.00000000 1,000.00000000 E 929766CY7 1,000.00000000 0.00000000 4.28416699 0.00000000 0.00000000 1,000.00000000 F 929766DD2 1,000.00000000 0.00000000 4.67083365 0.00000000 0.00000000 1,000.00000000 G 929766DF7 1,000.00000000 0.00000000 4.75333333 0.00000000 0.00000000 1,000.00000000 H 929766DH3 1,000.00000000 0.00000000 5.07970047 0.00000000 0.00000000 1,000.00000000 J 929766DK6 1,000.00000000 0.00000000 4.15166667 0.00000000 0.00000000 1,000.00000000 K 929766DM2 1,000.00000000 0.00000000 4.15166649 0.00000000 0.00000000 1,000.00000000 L 929766DP5 1,000.00000000 0.00000000 4.15166738 0.00000000 0.00000000 1,000.00000000 M 929766DR1 1,000.00000000 0.00000000 4.15166453 0.00000000 0.00000000 1,000.00000000 N 929766DT7 1,000.00000000 0.00000000 4.15166714 0.00000000 0.00000000 1,000.00000000 O 929766DV2 1,000.00000000 0.00000000 4.15166667 0.00000000 0.00000000 1,000.00000000 P 929766DX8 1,000.00000000 0.00000000 4.14818334 0.00000000 0.00000000 1,000.00000000 Z-I NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Z-II NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Z-III NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Beginnning Ending Notional Interest Prepayment Notional Class CUSIP Amount Distribution Penalties Amount IO-I 929766CZ4 990.80130750 0.06379768 0.00000000 989.95047931 IO-II 929766DB6 1,000.00000000 1.18441611 0.00000000 999.91458569
Reconciliation Detail Advance Summary P & I Advances Outstanding 2,310,253.00 Servicing Advances Outstanding 0.00 Reimbursement for Interest on P&I Advances 81.62 paid from general collections Reimbursement for Interest on Servicing Advances 0.00 paid from general collections Aggregate amount of Nonrecoverable Advances 0.00
Servicing Fee Summary Current Period Accrued Servicing Fees 36,245.40 Less Delinquent Servicing Fees 14,668.30 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 20,958.99 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 42,536.09
Certificate Interest Reconciliation Class Accrued Net Aggregate Deferred Distributable Distributable Additional Interest Remaining Unpaid Certificate Prepayment Interest Certificate Certificate Trust Fund Distribution Distributable Interest Interest Shortfall Amount Interest Interest Expenses Certificate Adjustment Interest A-1 842,603.97 0.00 0.00 842,603.97 0.00 0.00 842,603.97 0.00 A-2 1,938,027.23 0.00 0.00 1,938,027.23 0.00 0.00 1,938,027.23 0.00 IO-I 59,795.28 0.00 0.00 59,795.28 0.00 0.00 59,795.28 0.00 IO-II 1,054,639.64 0.00 0.00 1,054,639.64 0.00 0.00 1,054,639.64 0.00 B 150,511.99 0.00 0.00 150,511.99 0.00 0.00 150,511.99 0.00 C 54,054.42 0.00 0.00 54,054.42 0.00 0.00 54,054.42 0.00 D 108,942.33 0.00 0.00 108,942.33 0.00 0.00 108,942.33 0.00 E 55,210.06 0.00 0.00 55,210.06 0.00 0.00 55,210.06 0.00 F 49,249.27 0.00 0.00 49,249.27 0.00 0.00 49,249.27 0.00 G 61,260.96 0.00 0.00 61,260.96 0.00 0.00 61,260.96 0.00 H 65,462.10 0.00 0.00 65,462.10 0.00 0.00 65,462.10 0.00 J 92,416.10 0.00 0.00 92,416.10 0.00 0.00 92,416.10 0.00 K 38,913.57 0.00 0.00 38,913.57 0.00 0.00 38,913.57 0.00 L 29,182.07 0.00 0.00 29,182.07 0.00 0.00 29,182.07 0.00 M 9,727.35 0.00 0.00 9,727.35 0.00 0.00 9,727.35 0.00 N 29,186.22 0.00 0.00 29,186.22 0.00 0.00 29,186.22 0.00 O 19,454.71 0.00 0.00 19,454.71 0.00 0.00 19,454.71 0.00 P 97,282.47 0.00 0.00 97,282.47 0.00 81.62 97,200.85 107.44 Total 4,755,919.74 0.00 0.00 4,755,919.74 0.00 81.62 4,755,838.12 107.44
Other Required Information Available Distribution Amount (1) 5,553,288.88 Aggregate Number of Outstanding Loans 130 Aggregate Stated Principal Balance of Loans Before Distribution 928,642,544.78 Aggregate Stated Principal Balance of Loans After Distribution 927,845,094.02 Aggregate Unpaid Principal Balance of Loans 928,210,616.69 Aggregate Amount of Servicing Fee 42,536.09 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 2,012.06 Aggregate Trust Fund Expenses 81.62 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 Appraisal Cumulative Date Appraisal Loan Reduction ASER Reduction Number Amount Amount Effected NONE
Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 4,794,176.87 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 4,794,176.87 Principal: Scheduled Principal 797,450.76 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 797,450.76 Other: Prepayment Penalties/Yield Maintenance 0.00 Repayment Fees 0.00 Borrower Option Extension Fees 0.00 Equity Payments Received 0.00 Net Swap Counterparty Payments Received 0.00 Total Other Collected: 0.00 Total Funds Collected 5,591,627.63 Total Funds Distributed Fees: Master Servicing Fee 36,245.40 Trustee Fee 2,012.06 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 38,257.45 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 81.62 ASER Amount 0.00 Special Servicing Fee 0.00 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 81.62 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 4,755,838.12 Principal Distribution 797,450.76 Prepayment Penalties/Yield Maintenance 0.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 0.00 Total Payments to Certificateholders & Others 5,553,288.88 Total Funds Distributed 5,591,627.95
Ratings Detail Original Ratings Current Ratings (1) Class CUSIP Fitch Moody's S&P Fitch Moody's S&P A-1 929766CT8 AAA X AAA AAA X AAA A-2 929766CU5 AAA X AAA AAA X AAA IO-I 929766CZ4 AAA X AAA AAA X AAA IO-II 929766DB6 AAA X AAA AAA X AAA B 929766CV3 AA X AA AA X AA C 929766CW1 AA- X AA- AA- X AA- D 929766CX9 A X A A X A E 929766CY7 A- X A- A- X A- F 929766DD2 BBB+ X BBB+ BBB+ X BBB+ G 929766DF7 BBB X BBB BBB X BBB H 929766DH3 BBB- X BBB- BBB- X BBB- J 929766DK6 BB+ X BB+ BB+ X BB+ K 929766DM2 BB X BB BB X BB L 929766DP5 BB- X BB- BB- X BB- M 929766DR1 B+ X B+ B+ X B+ N 929766DT7 B X B B X B O 929766DV2 B- X NR B- X B- P 929766DX8 NR X NR NR X NR NR - Designates that the class was not rated by the above agency at the time of original issuance. X - Designates that the above rating agency did not rate any classes in this transaction at the time of original issuance. N/A - Data not available this period. 1) For any class not rated at the time of original issuance by any particular rating agency, no request has been made subsequent to issuance to obtain rating information, if any, from such rating agency. The current ratings were obtained directly from the applicable rating agency within 30 days of the payment date listed above. The ratings may have changed since they were obtained. Because the ratings may have changed, you may want to obtain current ratings directly from the rating agencies. Fitch, Inc. One State Street Plaza New York, New York 10004 (212) 908-0500 Moody's Investors Service 99 Church Street New York, New York 10007 (212) 553-0300 Standard & Poor's Rating Services 55 Water Street New York, New York 10041 (212) 438-2430
Current Mortgage Loan and Property Stratification Tables Scheduled Balance % Of Scheduled # of Scheduled Agg. WAM Weighted Balance Loans Balance Bal. (2) WAC Avg DSCR(1) Below 2,000,000 10 14,867,550.65 1.60 114 6.3954 1.734948 2,000,001 to 3,000,000 28 71,766,964.27 7.73 107 6.3063 1.619179 3,000,001 to 4,000,000 21 72,513,198.16 7.82 106 6.1750 1.638257 4,000,001 to 5,000,000 11 49,889,349.62 5.38 97 6.3218 1.472642 5,000,001 to 6,000,000 8 43,748,691.72 4.72 107 6.0159 1.514652 6,000,001 to 7,000,000 9 57,347,370.59 6.18 107 6.1120 1.698159 7,000,001 to 8,000,000 7 52,464,574.78 5.65 107 5.7667 1.371961 8,000,001 to 9,000,000 4 34,518,592.05 3.72 90 5.6637 1.530760 9,000,001 to 10,000,000 5 48,060,534.26 5.18 96 5.8308 1.277337 10,000,001 to 15,000,000 13 148,210,359.35 15.97 94 5.8416 1.520392 15,000,001 to 20,000,000 7 122,364,361.90 13.19 101 6.2493 1.582862 20,000,001 to 25,000,000 3 70,194,680.87 7.57 97 5.5288 1.292571 25,000,001 to 30,000,000 1 26,500,000.00 2.86 109 6.3800 1.400000 30,000,001 to 35,000,000 1 31,040,697.79 3.35 105 5.9000 1.250000 35,000,001 to 40,000,000 1 36,000,000.00 3.88 108 5.4200 1.720000 40,000,001 and greater 1 48,358,168.01 5.21 106 6.1000 1.330000 Totals 130 927,845,094.02 100.00 102 5.9964 1.504575
State(3) % Of # of Scheduled Agg. WAM Weighted State Props Balance Bal. (2) WAC Avg DSCR(1) Alabama 2 7,004,634.74 0.75 108 6.8000 1.896870 Arizona 3 20,218,951.35 2.18 108 5.7998 1.241597 California 21 225,393,668.87 24.29 102 6.0104 1.496441 Florida 18 117,073,040.75 12.62 92 5.8999 1.541648 Georgia 12 88,095,712.44 9.49 108 5.6450 1.634052 Idaho 1 2,904,739.25 0.31 104 7.1100 0.740000 Illinois 4 47,491,190.30 5.12 106 5.9233 1.166377 Indiana 1 12,228,061.03 1.32 106 5.9000 1.644456 Kentucky 1 17,958,921.87 1.94 107 6.2500 1.420000 Louisiana 2 6,305,861.88 0.68 90 5.8001 1.546800 Maryland 12 64,273,170.87 6.93 107 6.0161 1.476675 Massachusetts 2 8,179,709.45 0.88 107 5.9539 1.475962 Minnesota 2 6,358,269.65 0.69 107 6.3302 1.538599 Missouri 2 10,672,204.55 1.15 97 7.9590 1.849842 Nevada 4 34,228,946.45 3.69 107 5.9594 1.456246 New Jersey 3 14,069,273.57 1.52 107 5.9909 1.433897 New Mexico 1 3,954,248.96 0.43 108 6.0000 1.450000 New York 2 2,658,203.46 0.29 72 5.8566 2.242450 North Carolina 6 49,896,430.62 5.38 108 6.1742 1.335337 Ohio 2 4,720,023.47 0.51 105 7.4000 2.264583 Oklahoma 3 7,252,457.67 0.78 121 5.9581 1.569603 Oregon 1 3,140,600.38 0.34 107 5.9200 1.470000 Pennsylvania 2 23,985,784.45 2.59 80 5.7143 1.874442 South Carolina 1 7,077,238.82 0.76 108 5.4100 1.530293 Tennessee 2 7,526,980.30 0.81 106 6.3353 1.504227 Texas 7 41,746,037.97 4.50 79 5.9108 1.782502 Utah 2 17,676,848.69 1.91 108 5.5900 1.436983 Virginia 4 19,133,049.30 2.06 108 5.8506 1.445930 Washington 7 56,620,832.87 6.10 107 6.3521 1.357410 Totals 130 927,845,094.02 100.00 102 5.9964 1.504575
Debt Service Coverage Ratio(1) Debt Service # of Scheduled % of Weighted Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 1.19 or less 11 112,242,650.03 12.10 110 5.9568 1.019474 1.20 to 1.24 3 30,851,406.25 3.33 82 5.7369 1.207980 1.25 to 1.29 7 63,390,635.14 6.83 103 6.3944 1.256330 1.30 to 1.34 10 92,441,057.92 9.96 109 5.9886 1.332568 1.35 to 1.39 12 87,194,743.10 9.40 104 6.0440 1.367425 1.40 to 1.44 10 78,512,319.91 8.46 105 6.2097 1.413543 1.45 to 1.49 11 48,442,271.42 5.22 102 5.8239 1.465865 1.50 to 1.54 8 51,056,928.71 5.50 94 5.7070 1.518813 1.55 to 1.59 4 14,346,249.77 1.55 95 6.0627 1.583561 1.60 to 1.64 8 63,718,735.50 6.87 107 5.6740 1.637347 1.65 to 1.69 10 45,679,649.60 4.92 95 5.9710 1.666342 1.70 to 1.74 6 76,782,966.23 8.28 108 5.6106 1.709867 1.75 to 1.79 5 30,354,807.39 3.27 87 5.6375 1.772337 1.80 to 1.84 4 22,600,385.49 2.44 85 6.0625 1.824921 1.85 to 1.89 4 22,970,382.95 2.48 108 6.4317 1.876334 1.90 to 1.94 2 9,294,834.96 1.00 108 6.1037 1.906916 1.95 to 1.99 1 17,572,765.43 1.89 71 5.6100 1.960000 2.00 to 2.09 5 10,962,350.35 1.18 111 6.0560 2.024998 2.10 to 2.24 2 9,145,045.56 0.99 105 7.4000 2.231129 2.25 to 2.49 6 38,224,018.81 4.12 87 6.8441 2.287650 2.50 or greater 1 2,060,889.50 0.22 107 5.9000 3.840000 Totals 130 927,845,094.02 100.00 102 5.9964 1.504575
Property Type Property # of Scheduled % of Weighted Type Props Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Industrial 8 41,792,968.88 4.50 81 5.9360 1.668238 Lodging 11 58,405,584.62 6.29 106 7.1232 2.071134 Mixed Use 3 45,910,778.44 4.95 106 5.9292 1.283299 Mobile Home Park 6 27,228,760.73 2.93 66 5.5431 1.667717 Multi-Family 32 283,076,362.39 30.51 104 5.7949 1.385319 Office 19 128,989,555.59 13.90 91 5.8364 1.504729 Retail 45 322,845,390.29 34.80 108 6.0855 1.476674 Self Storage 6 19,595,693.06 2.11 108 6.0483 1.940039 Totals 130 927,845,094.02 100.00 102 5.9964 1.504575
Note Rate Note # of Scheduled % of Weighted Rate Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 4.999% or less 0 0.00 0.00 0 0.0000 0.000000 5.000% to 5.249% 1 25,000,000.00 2.69 108 5.1200 1.640000 5.250% to 5.499% 10 106,045,572.01 11.43 97 5.3928 1.646881 5.500% to 5.749% 18 172,338,446.33 18.57 97 5.6482 1.456107 5.750% to 5.999% 28 197,989,720.31 21.34 99 5.9009 1.404459 6.000% to 6.249% 39 229,975,163.25 24.79 106 6.0732 1.493187 6.250% to 6.499% 11 74,646,654.36 8.05 110 6.3098 1.449250 6.500% to 6.749% 6 45,482,152.58 4.90 99 6.5813 1.317578 6.750% to 6.999% 6 30,171,158.54 3.25 106 6.8196 1.606184 7.000% to 7.249% 2 5,040,188.28 0.54 103 7.1185 1.117079 7.250% to 7.499% 6 33,673,809.93 3.63 106 7.4007 2.255219 7.500% to 8.249% 1 2,291,000.27 0.25 68 8.2000 1.440000 8.250% to 8.749% 1 959,889.02 0.10 68 8.5000 1.257022 8.750% or greater 1 4,231,339.14 0.46 84 8.8100 1.255951 Totals 130 927,845,094.02 100.00 102 5.9964 1.504575
Age of Most Recent NOI Age of Most # of Scheduled % of Weighted Recent NOI Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Underwriter's Information 39 251,743,585.02 27.13 102 6.2516 1.584588 1 year or less 91 676,101,509.00 72.87 101 5.9013 1.474783 1 to 2 years 0 0.00 0.00 0 0.0000 0.000000 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 130 927,845,094.02 100.00 102 5.9964 1.504575
Anticipated Remaining Term (ARD and Balloon Loans) Anticipated # of Scheduled % of Weighted Remaining Term(2) Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 60 months or less 8 60,790,679.75 6.55 47 5.7688 1.773410 61 to 84 months 7 54,345,329.56 5.86 72 6.0541 1.508640 85 to 108 months 110 776,877,225.81 83.73 107 5.9953 1.489236 109 to 120 months 1 26,500,000.00 2.86 109 6.3800 1.400000 121 to 168 months 0 0.00 0.00 0 0.0000 0.000000 169 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 126 918,513,235.12 98.99 101 5.9949 1.506617
Remaining Stated Term (Fully Amortizing Loans) Remaining # of Scheduled % of Weighted Stated Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 120 months or less 0 0.00 0.00 0 0.0000 0.000000 121 to 192 months 3 7,160,679.51 0.77 169 6.0984 1.292508 193 to 264 months 1 2,171,179.39 0.23 204 6.2800 1.340000 265 to 336 months 0 0.00 0.00 0 0.0000 0.000000 337 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 4 9,331,858.90 1.01 177 6.1407 1.303557
Remaining Amortization Term (ARD and Balloon Loans) Remaining # of Scheduled % of Weighted Amortization Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Interest Only 11 182,286,607.27 19.65 97 5.6858 1.455248 120 months or less 0 0.00 0.00 0 0.0000 0.000000 121 to 192 months 0 0.00 0.00 0 0.0000 0.000000 193 to 264 months 4 20,762,938.28 2.24 101 6.2598 1.251126 265 to 336 months 29 170,367,733.94 18.36 98 6.5078 1.758223 337 months or greater 82 545,095,955.63 58.75 103 5.9278 1.454889 Totals 126 918,513,235.12 98.99 101 5.9949 1.506617
Seasoning # of Scheduled % of Weighted Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 12 months or less 65 463,893,325.26 50.00 103 5.8044 1.506062 13 to 24 months 61 455,983,395.78 49.14 100 6.1476 1.505655 25 to 36 months 1 4,231,339.14 0.46 84 8.8100 1.255951 37 to 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months and greater 3 3,737,033.84 0.40 82 8.1795 1.469753 Totals 130 927,845,094.02 100.00 102 5.9964 1.504575 (1)The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. "NAP" means not applicable and relates to the omission of credit lease loans in the calculation of DSCR. (2)Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3)Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date 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 502737617 1 RT Chino CA 254,239.00 42,698.44 6.100% 502753516 2 RT McDonough GA 168,020.00 0.00 5.420% 502746711 3 MU Highland Park IL 157,851.26 28,986.74 5.900% 502754321 4 MF Liberty Lake WA 145,588.06 0.00 6.380% 502755016 5 MF Stockton CA 110,222.22 0.00 5.120% 502745113 6 MF Tampa FL 119,473.35 22,112.47 5.850% 502753714 7 MF San Diego CA 104,603.47 0.00 5.650% 502742421 8 LO La Jolla CA 123,259.63 20,676.40 7.400% 502743311 9 MF Cary NC 107,983.33 0.00 6.600% 410100012 10 RT Elizabethtown KY 96,782.04 23,805.52 6.250% 582000011 11 OF Scranton PA 84,989.94 20,460.01 5.610% 502760002 12 RT Las Vegas NV 92,590.96 14,713.60 6.200% 310100022 13 RT Poway CA 77,789.15 15,176.34 5.710% 310100033 14 OF Rockville MD 75,776.96 34,791.74 5.710% 502744001 15 MF Scottsdale AZ 68,392.02 13,937.39 5.500% 310100001 16 MF Hammond IN 62,213.92 17,433.75 5.900% 682000017 17 IN Fort Myers FL 64,568.42 10,655.05 6.110% 582000018 18 RT Puyallup WA 69,964.60 14,401.34 6.850% 502750923 19 MF San Antonio TX 57,184.35 11,506.71 5.650% 582000020 20 MF Riverton UT 55,672.12 11,421.37 5.590% 502743019 21 RT Emeryville CA 59,053.80 10,340.05 6.000% 682000022 22 OF Burbank CA 57,277.78 15,390.19 5.980% 502755612 23 MF Las Vegas NV 50,202.78 0.00 5.300% 310100041 24 MH Fort Lauderdale FL 47,912.22 0.00 5.350% 502751708 25 MF Gulf Breeze FL 50,533.21 9,550.30 5.800% 682000026 26 MU Annapolis MD 52,055.71 9,032.88 5.990% 310100007 27 OF Houston TX 51,191.23 9,201.52 5.920% 310100034 28 RT Corona CA 48,100.57 9,623.01 5.650% 582000029 29 RT Orting WA 50,989.70 8,901.08 5.990% 310100030 30 OF Fairfax VA 48,520.99 9,466.23 5.710% 502742510 31 IN El Paso TX 48,648.94 8,518.20 6.000% 310100021 32 OF Aurora IL 45,275.26 8,470.93 5.810% 502751009 33 OF San Diego CA 45,202.34 7,857.88 6.000% 582000034 34 OF Durham NC 43,909.77 8,025.72 5.880% 310100024 35 MF Decatur GA 39,738.79 8,774.03 5.415% 310100040 36 MH Fort Lauderdale FL 39,619.72 0.00 5.350% 310100032 37 OF Silver Spirng MD 38,894.58 7,588.16 5.710% 310100025 38 MF College Park GA 35,992.98 7,946.98 5.415% 502750015 39 RT Bermuda Run NC 39,900.64 6,936.25 6.000% 582000040 40 RT Hayward CA 43,134.58 6,166.73 6.500% 310100027 41 MF Jonesboro GA 33,316.08 7,355.94 5.415% 502752321 42 RT San Clemente CA 36,495.09 0.00 5.870% 682000043 43 MF Sumter SC 33,004.12 7,302.41 5.410% 502758020 44 LO Salisbury MD 39,523.29 8,399.41 6.650% 502732004 45 RT Fuquay - Varina NC 33,425.16 5,933.26 5.950% 502742430 46 LO St. Louis MO 41,086.54 6,892.14 7.400% 502744604 47 RT Lakeland FL 34,070.92 5,528.91 6.150% 502745010 48 RT Lebanon PA 33,163.93 5,806.85 6.000% 502747902 49 RT Covington GA 33,061.89 5,788.98 6.000% 582000050 50 MF Logan UT 29,501.47 6,052.35 5.590% 310100028 51 MF Decatur GA 28,529.00 6,298.99 5.415% 502752705 52 RT North Port FL 29,762.38 5,758.10 5.730% 310100031 53 OF Gaithersburg MD 28,898.67 5,638.01 5.710% 502748510 54 MF Greenville NC 28,455.69 5,657.19 5.665% 502748213 55 RT Edison NJ 29,668.64 5,050.85 6.050% 502754316 56 MF Hoboken NJ 28,192.82 5,058.67 5.910% 502745411 57 MF Victorville CA 29,256.86 4,571.82 6.240% 582000058 58 RT Goleta CA 25,085.59 18,794.97 6.000% 310100008 59 OF North Adams MA 26,523.40 5,956.31 6.010% 502739621 60 RT Clarksville TN 28,216.75 4,224.48 6.375% 502744614 61 RT Bakersfield CA 27,631.45 4,385.84 6.250% 582000062 62 SS Reno NV 25,946.76 6,706.40 6.090% 682000063 63 MU Baltimore MD 24,713.70 4,288.41 5.990% 502749325 64 IN Orlando FL 23,072.23 4,415.44 5.770% 582000065 65 MF Largo FL 25,945.01 3,762.19 6.500% 310100036 66 LO Lakeland FL 26,163.48 5,277.99 6.800% 502748502 67 IN Orlando FL 21,313.70 4,434.79 5.570% 502748709 68 IN San Diego CA 22,218.10 3,862.35 6.000% 502744302 69 RT Anaheim CA 22,974.87 3,597.18 6.250% 582000070 70 RT Independence MO 32,120.94 2,682.61 8.810% 582000071 71 RT Riverside CA 21,523.78 3,820.66 5.950% 502754319 72 MF Albuquerque NM 20,448.54 3,533.48 6.000% 502753401 73 SS Lake Mary FL 20,448.54 3,533.48 6.000% 502751306 74 RT Franklin Park IL 20,685.07 3,503.07 6.080% 310100037 75 LO Montgomery AL 22,813.63 4,602.22 6.800% 502743602 76 RT Tucson AZ 22,030.92 2,876.81 6.700% 310100039 77 LO Tallahassee FL 21,716.27 4,380.84 6.800% 502745007 78 MF Norfolk VA 18,898.15 3,285.22 6.000% 502753403 79 SS Altamonte Springs FL 18,148.08 3,135.96 6.000% 310100026 80 MF College Park GA 16,310.18 3,601.17 5.415% 502751502 81 RT Des Plaines IL 18,648.24 2,901.86 6.250% 310100006 82 MF Minneapolis MN 19,284.85 4,347.40 6.500% 682000083 83 RT Ontario CA 18,159.93 3,049.89 6.100% 502751771 84 RT Virginia Beach VA 16,486.64 2,848.86 6.000% 502747407 85 RT Wichita Falls TX 16,745.01 4,297.74 6.150% 310100038 86 LO Savannah GA 18,481.93 3,728.38 6.800% 410100011 87 IN Harahan LA 15,485.99 3,886.42 5.700% 310100009 88 MH Eugene OR 16,032.66 4,428.78 5.920% 582000089 89 RT Shreveport LA 16,042.35 2,890.57 5.900% 310100035 90 LO Huntsville AL 18,250.90 3,681.78 6.800% 582000091 91 IN Altamonte Springs FL 15,396.28 2,966.26 5.740% 582000092 92 RT Weymouth MA 15,458.74 2,849.23 5.860% 502742420 93 LO Miamisburg OH 19,131.90 3,209.32 7.400% 682000094 94 OF Lutherville MD 15,361.54 2,665.58 5.990% 310100013 95 OF Monterey CA 16,126.56 2,462.18 6.310% 582000096 96 RT Bartlesville OK 14,788.22 2,814.38 5.800% 310100018 97 OF Nassau Bay TX 15,503.59 2,563.21 6.120% 582000098 98 MF St. Cloud MN 15,411.99 2,522.07 6.130% 582000099 99 MF Chubbuck ID 17,796.40 1,981.17 7.110% 502740410 100 SS Santa Clarita CA 15,236.11 3,896.82 6.160% 582000101 101 RT Kennesaw GA 14,825.19 2,561.78 6.000% 502750208 102 RT Toms River NJ 14,784.55 2,538.09 6.030% 502742414 103 LO Atlanta GA 17,250.08 2,893.64 7.400% 310100010 104 MF Irving TX 14,614.90 3,611.09 6.300% 502746701 105 RT Miami FL 13,714.56 2,401.36 6.000% 310100017 106 OF Tulsa OK 13,787.02 2,288.96 6.110% 502750309 107 MF Spokane WA 13,526.33 0.00 5.950% 682000108 108 OF Lutherville MD 12,758.75 2,213.94 5.990% 502746826 109 MF Virginia Beach VA 12,575.85 2,173.09 6.000% 502747320 110 RT Knoxville TN 12,879.90 2,016.61 6.250% 582000111 111 MF Spokane WA 11,770.17 3,241.90 5.910% 582000112 112 RT Phoenix MD 16,197.35 2,880.87 8.200% 502744605 113 RT Largo FL 12,155.21 1,931.58 6.200% 582000114 114 SS Everett WA 11,915.74 3,058.24 6.110% 502739403 115 RT Duluth GA 13,141.42 4,943.86 7.130% 582000116 116 RT Wilson NC 11,771.98 5,680.67 6.280% 310100020 117 MH Lakeland FL 11,246.70 1,943.30 6.000% 582000118 118 OF New Windsor NY 10,297.50 2,193.86 5.500% 682000119 119 OF Owings Mills MD 11,080.09 1,768.13 6.190% 502751313 120 SS Landover Hills MD 10,485.28 2,916.97 5.900% 410100004 121 RT Mesa AZ 10,647.30 1,667.04 6.250% 502750605 122 RT Decatur GA 9,843.34 1,952.08 6.090% 310100003 123 MF Dallas TX 8,805.09 1,699.22 5.750% 310100002 124 MH Santa Maria CA 9,079.96 1,524.95 6.100% 582000125 125 RT Tulsa OK 8,692.24 6,156.68 6.000% 502742418 126 LO Columbus OH 10,977.32 1,841.41 7.400% 682000127 127 OF Owings Mills MD 7,655.25 1,328.37 5.990% 310100044 128 MH Spokane WA 6,124.20 1,062.69 5.990% 582000129 129 RT Las Vegas NV 7,034.19 1,138.87 8.500% 582000130 130 IN Commack NY 3,027.50 1,506.85 7.450% Totals 4,794,176.87 797,450.76
Loan Anticipated Neg Beginning Ending Paid Number Repayment Maturity Amort Scheduled Scheduled Thru Date Date (Y/N) Balance Balance Date 502737617 N/A 11/11/2012 N 48,400,866.45 48,358,168.01 12/11/2003 502753516 N/A 01/11/2013 N 36,000,000.00 36,000,000.00 01/11/2004 502746711 N/A 10/11/2012 N 31,069,684.53 31,040,697.79 12/11/2003 502754321 N/A 02/11/2013 N 26,500,000.00 26,500,000.00 01/11/2004 502755016 N/A 01/11/2013 N 25,000,000.00 25,000,000.00 12/11/2003 502745113 N/A 12/11/2012 N 23,716,793.34 23,694,680.87 01/11/2004 502753714 N/A 01/11/2010 N 21,500,000.00 21,500,000.00 01/11/2004 502742421 N/A 10/11/2012 N 19,343,272.75 19,322,596.35 12/11/2003 502743311 N/A 08/01/2012 N 19,000,000.00 19,000,000.00 01/01/2004 410100012 N/A 12/11/2012 N 17,982,727.39 17,958,921.87 12/11/2003 582000011 12/11/2009 12/11/2030 N 17,593,225.44 17,572,765.43 01/11/2004 502760002 01/11/2013 01/11/2033 N 17,342,739.17 17,328,025.57 12/11/2003 310100022 N/A 01/11/2013 N 15,820,629.06 15,805,452.72 01/11/2004 310100033 01/11/2013 01/11/2023 N 15,411,391.70 15,376,599.96 12/11/2003 502744001 N/A 01/11/2013 N 14,440,544.66 14,426,607.27 12/11/2003 310100001 N/A 11/11/2012 N 12,245,494.78 12,228,061.03 01/11/2004 682000017 N/A 01/11/2013 N 12,272,123.81 12,261,468.76 01/11/2004 582000018 N/A 08/01/2012 N 11,861,198.94 11,846,797.60 01/01/2004 502750923 N/A 12/11/2012 N 11,753,562.21 11,742,055.50 01/11/2004 582000020 N/A 01/11/2013 N 11,565,562.72 11,554,141.35 01/11/2004 502743019 11/11/2012 11/11/2032 N 11,429,768.06 11,419,428.01 12/11/2003 682000022 N/A 01/01/2008 N 11,123,098.47 11,107,708.28 01/01/2004 502755612 N/A 12/11/2012 N 11,000,000.00 11,000,000.00 01/11/2004 310100041 N/A 01/11/2008 N 10,400,000.00 10,400,000.00 01/11/2004 502751708 N/A 12/11/2012 N 10,117,885.03 10,108,334.73 12/11/2003 682000026 N/A 01/01/2013 N 10,092,119.00 10,083,086.12 01/01/2004 310100007 N/A 12/11/2007 N 10,041,872.22 10,032,670.70 01/11/2004 310100034 N/A 01/11/2013 N 9,886,500.81 9,876,877.80 01/11/2004 582000029 N/A 12/11/2012 N 9,885,450.38 9,876,549.30 01/11/2004 310100030 01/11/2013 01/11/2033 N 9,868,117.41 9,858,651.18 12/11/2003 502742510 N/A 11/11/2007 N 9,415,923.72 9,407,405.52 01/11/2004 310100021 N/A 01/11/2013 N 9,049,521.39 9,041,050.46 12/11/2003 502751009 N/A 12/11/2012 N 8,748,839.59 8,740,981.71 01/11/2004 582000034 12/11/2011 12/11/2032 N 8,672,106.91 8,664,081.19 01/11/2004 310100024 N/A 01/11/2013 N 8,522,303.18 8,513,529.15 01/11/2004 310100040 N/A 01/11/2008 N 8,600,000.00 8,600,000.00 01/11/2004 310100032 01/11/2013 01/11/2033 N 7,910,314.59 7,902,726.43 12/11/2003 310100025 N/A 01/11/2013 N 7,718,983.47 7,711,036.49 01/11/2004 502750015 N/A 12/11/2012 N 7,722,704.47 7,715,768.22 12/11/2003 582000040 N/A 10/11/2012 N 7,706,426.09 7,700,259.36 12/11/2003 310100027 N/A 01/11/2013 N 7,144,901.40 7,137,545.46 01/11/2004 502752321 N/A 01/11/2013 N 7,220,000.00 7,220,000.00 01/11/2004 682000043 N/A 01/11/2013 N 7,084,541.23 7,077,238.82 01/11/2004 502758020 N/A 01/11/2013 N 6,901,957.72 6,893,558.31 01/11/2004 502732004 N/A 12/01/2012 N 6,523,750.76 6,517,817.50 01/01/2004 502742430 N/A 10/11/2012 N 6,447,757.55 6,440,865.41 12/11/2003 502744604 N/A 01/11/2013 N 6,433,533.42 6,428,004.51 12/11/2003 502745010 N/A 11/11/2012 N 6,418,825.87 6,413,019.02 01/11/2004 502747902 N/A 11/11/2012 N 6,399,075.63 6,393,286.65 12/11/2003 582000050 N/A 01/11/2013 N 6,128,759.69 6,122,707.34 01/11/2004 310100028 N/A 01/11/2013 N 6,118,272.60 6,111,973.61 01/11/2004 502752705 N/A 01/11/2013 N 6,031,896.34 6,026,138.24 01/11/2004 310100031 01/11/2013 01/11/2033 N 5,877,363.69 5,871,725.68 12/11/2003 502748510 N/A 01/11/2013 N 5,833,241.51 5,827,584.32 12/11/2003 502748213 N/A 12/11/2012 N 5,694,859.71 5,689,808.86 01/11/2004 502754316 N/A 01/11/2013 N 5,539,771.22 5,534,712.55 01/11/2004 502745411 N/A 01/01/2013 N 5,444,825.11 5,440,253.29 01/01/2004 582000058 N/A 02/11/2018 N 5,017,117.16 4,998,322.19 01/11/2004 310100008 N/A 12/11/2012 N 5,125,018.78 5,119,062.47 12/11/2003 502739621 N/A 11/01/2012 N 5,140,052.62 5,135,828.14 01/01/2004 502744614 N/A 10/01/2012 N 5,134,102.25 5,129,716.41 01/01/2004 582000062 N/A 01/11/2013 N 4,947,738.26 4,941,031.86 01/11/2004 682000063 N/A 01/01/2013 N 4,791,282.94 4,786,994.53 01/01/2004 502749325 N/A 12/11/2009 N 4,643,596.57 4,639,181.13 12/11/2003 582000065 N/A 08/01/2007 N 4,635,336.88 4,631,574.69 01/01/2004 310100036 N/A 01/11/2013 N 4,468,146.52 4,462,868.53 01/11/2004 502748502 N/A 12/11/2007 N 4,443,696.44 4,439,261.65 12/11/2003 502748709 N/A 12/11/2012 N 4,300,277.07 4,296,414.72 01/11/2004 502744302 12/11/2012 12/11/2032 N 4,268,878.92 4,265,281.74 12/11/2003 582000070 N/A 01/01/2011 N 4,234,021.75 4,231,339.14 01/01/2004 582000071 12/01/2012 12/01/2032 N 4,200,900.10 4,197,079.44 01/01/2004 502754319 N/A 01/11/2013 N 3,957,782.44 3,954,248.96 01/11/2004 502753401 N/A 01/11/2013 N 3,957,782.44 3,954,248.96 12/11/2003 502751306 11/11/2012 11/11/2032 N 3,950,883.46 3,947,380.39 12/11/2003 310100037 N/A 01/11/2013 N 3,896,065.97 3,891,463.75 01/11/2004 502743602 11/11/2012 11/11/2032 N 3,818,551.51 3,815,674.70 12/11/2003 310100039 N/A 01/11/2013 N 3,708,660.28 3,704,279.44 01/11/2004 502745007 N/A 12/11/2012 N 3,657,706.93 3,654,421.71 01/11/2004 502753403 N/A 01/11/2013 N 3,512,531.94 3,509,395.98 12/11/2003 310100026 N/A 01/11/2013 N 3,497,849.65 3,494,248.48 01/11/2004 502751502 N/A 01/11/2013 N 3,464,963.52 3,462,061.66 01/11/2004 310100006 N/A 12/11/2012 N 3,445,432.92 3,441,085.52 01/11/2004 682000083 N/A 11/01/2012 N 3,457,204.73 3,454,154.84 01/01/2004 502751771 01/11/2013 01/11/2033 N 3,190,962.13 3,188,113.27 12/11/2003 502747407 11/11/2012 11/11/2027 N 3,161,921.80 3,157,624.06 01/11/2004 310100038 N/A 01/11/2013 N 3,156,306.60 3,152,578.22 01/11/2004 410100011 N/A 01/11/2010 N 3,155,040.99 3,151,154.57 12/11/2003 310100009 N/A 12/11/2012 N 3,145,029.16 3,140,600.38 01/11/2004 582000089 01/11/2013 01/11/2033 N 3,157,597.88 3,154,707.31 12/11/2003 310100035 N/A 01/11/2013 N 3,116,852.78 3,113,171.00 01/11/2004 582000091 N/A 01/11/2013 N 3,114,904.24 3,111,937.98 01/11/2004 582000092 N/A 12/11/2012 N 3,063,496.21 3,060,646.98 01/11/2004 502742420 N/A 10/11/2012 N 3,002,390.87 2,999,181.55 12/11/2003 682000094 N/A 01/01/2013 N 2,978,164.56 2,975,498.98 01/01/2004 310100013 N/A 12/11/2012 N 2,967,926.11 2,965,463.93 01/11/2004 582000096 N/A 11/11/2012 N 2,960,933.98 2,958,119.60 12/11/2003 310100018 N/A 12/11/2012 N 2,941,857.08 2,939,293.87 12/11/2003 582000098 N/A 01/11/2013 N 2,919,706.20 2,917,184.13 12/11/2003 582000099 N/A 09/01/2012 N 2,906,720.42 2,904,739.25 01/01/2004 502740410 N/A 11/11/2012 N 2,872,329.49 2,868,432.67 01/11/2004 582000101 N/A 01/11/2013 N 2,869,392.23 2,866,830.45 12/11/2003 502750208 12/11/2012 12/11/2032 N 2,847,290.25 2,844,752.16 01/11/2004 502742414 N/A 10/11/2012 N 2,707,073.79 2,704,180.15 12/11/2003 310100010 N/A 09/11/2012 N 2,693,990.77 2,690,379.68 12/11/2003 502746701 N/A 11/11/2012 N 2,654,431.33 2,652,029.97 12/11/2003 310100017 N/A 12/11/2012 N 2,620,414.26 2,618,125.30 12/11/2003 502750309 N/A 12/11/2012 N 2,640,000.00 2,640,000.00 01/11/2004 682000108 N/A 01/01/2013 N 2,473,558.62 2,471,344.68 01/01/2004 502746826 N/A 01/11/2013 N 2,434,036.23 2,431,863.14 12/11/2003 502747320 12/11/2012 12/11/2032 N 2,393,168.77 2,391,152.16 12/11/2003 582000111 N/A 01/11/2013 N 2,312,788.31 2,309,546.41 12/11/2003 582000112 N/A 09/01/2009 N 2,293,881.14 2,291,000.27 01/01/2004 502744605 N/A 01/11/2013 N 2,276,729.42 2,274,797.84 12/11/2003 582000114 N/A 01/11/2013 N 2,264,752.33 2,261,694.09 12/11/2003 502739403 N/A 06/01/2012 N 2,140,392.89 2,135,449.03 01/01/2004 582000116 N/A 01/11/2021 N 2,176,860.06 2,171,179.39 12/11/2003 310100020 N/A 01/11/2013 N 2,176,780.78 2,174,837.48 12/11/2003 582000118 N/A 01/11/2008 N 2,174,252.77 2,172,058.91 01/11/2004 682000119 N/A 01/01/2013 N 2,078,707.81 2,076,939.68 01/01/2004 502751313 N/A 12/11/2012 N 2,063,806.47 2,060,889.50 01/11/2004 410100004 N/A 12/11/2012 N 1,978,336.42 1,976,669.38 01/11/2004 502750605 N/A 01/11/2013 N 1,877,006.83 1,875,054.75 01/11/2004 310100003 N/A 12/11/2012 N 1,778,307.87 1,776,608.65 12/11/2003 310100002 N/A 11/11/2012 N 1,728,602.36 1,727,077.41 01/11/2004 582000125 N/A 01/11/2018 N 1,682,369.45 1,676,212.77 12/11/2003 502742418 N/A 10/11/2012 N 1,722,683.33 1,720,841.92 12/11/2003 682000127 N/A 01/01/2013 N 1,484,135.10 1,482,806.73 01/01/2004 310100044 N/A 01/11/2013 N 1,187,308.16 1,186,245.47 12/11/2003 582000129 N/A 09/01/2009 N 961,027.89 959,889.02 12/01/2003 582000130 N/A 10/01/2018 N 487,651.40 486,144.55 01/11/2004 Totals 928,642,544.78 927,845,094.02
Appraisal Appraisal Res Mod Loan Number Reduction Reduction Strat. Code Date Amount (2) (3) Totals 0.00 (1) Property Type Code SS- Self Storage MF- Multi-Family RT- Retail HC- Health Care IN- Industrial WH- Warehouse MH- Mobile Home Park OF- Office LO- Lodging MU- Mixed Use OT- Other IW- Industrial/Warehouse (2) Resolution Strategy Code 1- Modification 2- Foreclosure 3- Bankruptcy 4- Extension 5- Note Sale 6- DPO 7- REO 8- Resolved 9- Pending Return to Master Servicer 10- Deed In Lieu of Foreclosure 11- Full Payoff 12- Reps and Warranties 13- Other or TBD (3) Modification Code 1- Maturity Date Extension 2- Amortization Change 3- Principal Write-Off 4- Combination
Principal Prepayment Detail No Principal Prepayments this Period
Historical Detail Delinquencies Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure REO Modifications Date # Balance # Balance # Balance # Balance # Balance # Balance 01/15/2004 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 12/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 11/17/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 10/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 09/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 08/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 07/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 06/16/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 05/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 04/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 03/17/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
Prepayments Distribution Curtailments Payoff Date # Amount # Amount 01/15/2004 0 $0.00 0 $0.00 12/15/2003 0 $0.00 0 $0.00 11/17/2003 0 $0.00 0 $0.00 10/15/2003 0 $0.00 0 $0.00 09/15/2003 0 $0.00 0 $0.00 08/15/2003 0 $0.00 0 $0.00 07/15/2003 0 $0.00 0 $0.00 06/16/2003 0 $0.00 0 $0.00 05/15/2003 0 $0.00 0 $0.00 04/15/2003 0 $0.00 0 $0.00 03/17/2003 0 $0.00 0 $0.00
Rate and Maturities Distribution Next Weighted Avg. WAM Date Coupon Remit 01/15/2004 5.996352% 5.946916% 102 12/15/2003 5.996408% 5.946971% 103 11/17/2003 5.996478% 5.947040% 104 10/15/2003 5.996533% 5.947094% 105 09/15/2003 5.996601% 5.947161% 106 08/15/2003 5.996655% 5.947214% 107 07/15/2003 5.996715% 5.947273% 108 06/16/2003 5.996790% 5.947347% 109 05/15/2003 5.996954% 5.947510% 110 04/15/2003 5.997027% 5.947582% 111 03/17/2003 5.997084% 5.947638% 112 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.
Delinquency Loan Detail Offering # of Paid Current Outstanding Status of Loan Number Document Months Through P & I P & I Mortgage Cross-Reference Delinq. Date Advances Advances** Loan(1) 502737617 1 0 12/11/2003 295,324.08 295,324.08 A 502746711 3 0 12/11/2003 185,802.34 185,802.34 A 502755016 5 0 12/11/2003 109,388.88 109,388.88 A 502742421 8 0 12/11/2003 143,291.25 143,291.25 A 410100012 10 0 12/11/2003 119,238.86 119,238.86 A 502760002 12 0 12/11/2003 106,726.46 106,726.46 A 310100033 14 0 12/11/2003 110,054.98 110,054.98 A 502744001 15 0 12/11/2003 81,848.05 81,848.05 A 502743019 21 0 12/11/2003 69,012.85 69,012.85 A 502751708 25 0 12/11/2003 59,746.25 59,746.25 A 310100030 30 0 12/11/2003 57,658.28 57,658.28 A 310100021 32 0 12/11/2003 53,444.53 53,444.53 A 310100032 37 0 12/11/2003 46,219.06 46,219.06 A 502750015 39 0 12/11/2003 46,579.47 46,579.47 A 582000040 40 0 12/11/2003 49,044.43 49,044.43 A 502742430 46 0 12/11/2003 47,763.76 47,763.76 A 502744604 47 0 12/11/2003 39,385.37 39,385.37 A 502747902 49 0 12/11/2003 38,637.57 38,637.57 A 310100031 53 0 12/11/2003 34,340.76 34,340.76 A 502748510 54 0 12/11/2003 33,918.44 33,918.44 A 310100008 59 0 12/11/2003 32,308.87 32,308.87 A 502749325 64 0 12/11/2003 27,332.89 27,332.89 A 502748502 67 0 12/11/2003 25,600.37 25,600.37 A 502744302 69 0 12/11/2003 26,429.75 26,429.75 A 502753401 73 0 12/11/2003 23,850.10 23,850.10 A 502751306 74 0 12/11/2003 24,056.44 24,056.44 A 502743602 76 0 12/11/2003 24,780.45 24,780.45 A 502753403 79 0 12/11/2003 21,166.96 21,166.96 A 502751771 84 0 12/11/2003 19,229.14 19,229.14 A 410100011 87 0 12/11/2003 19,083.19 19,083.19 A 582000089 89 0 12/11/2003 18,827.66 18,827.66 A 502742420 93 0 12/11/2003 22,241.14 22,241.14 A 582000096 96 0 12/11/2003 17,503.90 17,503.90 A 310100018 97 0 12/11/2003 17,968.73 17,968.73 A 582000098 98 0 12/11/2003 17,836.74 17,836.74 A 582000101 101 0 12/11/2003 17,291.33 17,291.33 A 502742414 103 0 12/11/2003 20,053.48 20,053.48 A 310100010 104 0 12/11/2003 18,136.20 18,136.20 A 502746701 105 0 12/11/2003 16,027.44 16,027.44 A 310100017 106 0 12/11/2003 15,988.64 15,988.64 A 502746826 109 0 12/11/2003 14,667.80 14,667.80 A 502747320 110 0 12/11/2003 14,816.73 14,816.73 A 582000111 111 0 12/11/2003 14,934.97 14,934.97 A 502744605 113 0 12/11/2003 14,010.89 14,010.89 A 582000114 114 0 12/11/2003 14,898.48 14,898.48 A 582000116 116 0 12/11/2003 17,380.09 17,380.09 A 310100020 117 0 12/11/2003 13,117.44 13,117.44 A 310100003 123 0 12/11/2003 10,445.03 10,445.03 A 582000125 125 0 12/11/2003 14,792.84 14,792.84 A 502742418 126 0 12/11/2003 12,761.31 12,761.31 A 310100044 128 0 12/11/2003 7,147.31 7,147.31 A 582000129 129 0 12/01/2003 8,141.02 8,141.02 A Totals 52 2,310,253.00 2,310,253.00
Resolution Actual Outstanding Loan Number Strategy Servicing Foreclosure Principal Servicing Bankruptcy REO Code(2) Transfer Date Date Balance Advances Date Date 502737617 48,400,866.45 0.00 502746711 31,069,684.53 0.00 502755016 25,000,000.00 0.00 502742421 19,343,272.75 0.00 410100012 17,982,727.39 0.00 502760002 17,342,739.17 0.00 310100033 15,411,391.70 0.00 502744001 14,440,544.66 0.00 502743019 11,429,768.06 0.00 502751708 10,117,885.03 0.00 310100030 9,868,117.41 0.00 310100021 9,049,521.39 0.00 310100032 7,910,314.59 0.00 502750015 7,722,704.47 0.00 582000040 7,706,426.09 0.00 502742430 6,447,757.55 0.00 502744604 6,433,533.42 0.00 502747902 6,399,075.63 0.00 310100031 5,877,363.69 0.00 502748510 5,833,241.51 0.00 310100008 5,125,018.78 0.00 502749325 4,643,596.57 0.00 502748502 4,443,696.44 0.00 502744302 4,268,878.92 0.00 502753401 3,957,782.44 0.00 502751306 3,950,883.46 0.00 502743602 3,818,551.51 0.00 502753403 3,512,531.94 0.00 502751771 3,190,962.13 0.00 410100011 3,155,040.99 0.00 582000089 3,157,597.88 0.00 502742420 3,002,390.87 0.00 582000096 2,960,933.98 0.00 310100018 2,941,857.08 0.00 582000098 2,919,706.20 0.00 582000101 2,869,392.23 0.00 502742414 2,707,073.79 0.00 310100010 2,693,990.77 0.00 502746701 2,654,431.33 0.00 310100017 2,620,414.26 0.00 502746826 2,434,036.23 0.00 502747320 2,393,168.77 0.00 582000111 2,312,788.31 0.00 502744605 2,276,729.42 0.00 582000114 2,264,752.33 0.00 582000116 2,176,860.06 0.00 310100020 2,176,780.78 0.00 310100003 1,778,307.87 0.00 582000125 1,682,369.45 0.00 502742418 1,722,683.33 0.00 310100044 1,187,308.16 0.00 582000129 961,027.89 0.00 Totals 375,748,479.66 0.00
Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances Balance Advances Totals by Delinquency Code: Total for Status Code = A (52 loans) 2,310,253.57 2,310,253.57 375,748,479.66 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 No Specially Serviced Loans this Period Specially Serviced Loan Detail - Part 2 No Specially Serviced Loans this Period Modified Loan Detail No Modified Loans Liquidated Loan Detail No Liquidated Loans -----END PRIVACY-ENHANCED MESSAGE-----