-----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, VlMgED+V9wqJnetGp0eCSXXg8QJHtr4ptCrMN4xAxXa6B17nT1ii4S7vunK4IATQ rdTLbCNEuVXBpZ3X637o6w== 0001056404-04-003074.txt : 20040922 0001056404-04-003074.hdr.sgml : 20040922 20040922062845 ACCESSION NUMBER: 0001056404-04-003074 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040915 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040922 DATE AS OF CHANGE: 20040922 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: 041040206 BUSINESS ADDRESS: STREET 1: 201 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 02110 8-K 1 wac03c3_sep.txt SEPTEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: September 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) 91-2063264 54-6528880 54-2090865 54-2090866 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) (410) 884-2000 Registrant's Full Telephone Number (Former name, former address and former fiscal year, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 15, 2004, a distribution was made to holders of Wachovia Commercial Mortgage Securities, Inc., Commercial Mortgage Pass-Through Certificates, Series 2003 - C3. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2003 - C3, relating to the September 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 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: September 15, 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 September 15, 2004 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road 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: September 15, 2004 Record Date: August 31, 2004 DISTRIBUTION DATE STATEMENT Table of Contents STATEMENT SECTIONS PAGE(s) Certificate Distribution Detail 2 Certificate Factor Detail 3 Other Required Information 4 Reconciliation Detail 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, 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 929766CT8 4.037000% 259,086,000.00 243,416,440.32 868,795.50 818,893.47 A-2 929766CU5 4.867000% 477,837,000.00 477,837,000.00 0.00 1,938,027.23 B 929766CV3 4.973000% 36,319,000.00 36,319,000.00 0.00 150,511.99 C 929766CW1 5.033000% 12,888,000.00 12,888,000.00 0.00 54,054.42 D 929766CX9 5.072000% 25,775,000.00 25,775,000.00 0.00 108,942.33 E 929766CY7 5.141000% 12,887,000.00 12,887,000.00 0.00 55,210.06 F 929766DD2 5.605000% 10,544,000.00 10,544,000.00 0.00 49,249.27 G 929766DF7 5.704000% 12,888,000.00 12,888,000.00 0.00 61,260.96 H 929766DH3 6.095157% 12,887,000.00 12,887,000.00 0.00 65,456.91 J 929766DK6 4.982000% 22,260,000.00 22,260,000.00 0.00 92,416.10 K 929766DM2 4.982000% 9,373,000.00 9,373,000.00 0.00 38,913.57 L 929766DP5 4.982000% 7,029,000.00 7,029,000.00 0.00 29,182.07 M 929766DR1 4.982000% 2,343,000.00 2,343,000.00 0.00 9,727.35 N 929766DT7 4.982000% 7,030,000.00 7,030,000.00 0.00 29,186.22 O 929766DV2 4.982000% 4,686,000.00 4,686,000.00 0.00 19,454.71 P 929766DX8 4.982000% 23,432,149.00 23,432,149.00 0.00 97,282.47 Z-I NA 0.000000% 0.00 0.00 0.00 0.00 Z-II NA 0.000000% 0.00 0.00 0.00 0.00 Z-III NA 0.000000% 0.00 0.00 0.00 0.00 R-I NA 0.000000% 0.00 0.00 0.00 0.00 R-II NA 0.000000% 0.00 0.00 0.00 0.00 Totals 937,264,149.00 921,594,589.32 868,795.50 3,617,769.13
Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 929766CT8 0.00 0.00 1,687,688.97 242,547,644.82 21.76% A-2 929766CU5 0.00 0.00 1,938,027.23 477,837,000.00 21.76% B 929766CV3 0.00 0.00 150,511.99 36,319,000.00 17.81% C 929766CW1 0.00 0.00 54,054.42 12,888,000.00 16.41% D 929766CX9 0.00 0.00 108,942.33 25,775,000.00 13.62% E 929766CY7 0.00 0.00 55,210.06 12,887,000.00 12.22% F 929766DD2 0.00 0.00 49,249.27 10,544,000.00 11.07% G 929766DF7 0.00 0.00 61,260.96 12,888,000.00 9.67% H 929766DH3 0.00 0.00 65,456.91 12,887,000.00 8.27% J 929766DK6 0.00 0.00 92,416.10 22,260,000.00 5.85% K 929766DM2 0.00 0.00 38,913.57 9,373,000.00 4.84% L 929766DP5 0.00 0.00 29,182.07 7,029,000.00 4.07% M 929766DR1 0.00 0.00 9,727.35 2,343,000.00 3.82% N 929766DT7 0.00 0.00 29,186.22 7,030,000.00 3.05% O 929766DV2 0.00 0.00 19,454.71 4,686,000.00 2.54% P 929766DX8 0.00 0.00 97,282.47 23,432,149.00 0.00% Z-I NA 0.00 0.00 0.00 0.00 0.00% Z-II NA 0.00 0.00 0.00 0.00 0.00% Z-III NA 0.00 0.00 0.00 0.00 0.00% R-I NA 0.00 0.00 0.00 0.00 0.00% R-II NA 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 4,486,564.63 920,725,793.82
Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount IO-I 929766CZ4 0.159710% 937,264,149.00 921,594,589.32 122,656.39 IO-II 929766DB6 1.387101% 890,430,000.00 846,970,000.00 979,027.35
Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount IO-I 929766CZ4 0.00 122,656.39 920,725,793.82 IO-II 929766DB6 0.00 979,027.35 846,970,000.00 (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 929766CT8 939.51985179 3.35330933 3.16070135 0.00000000 0.00000000 936.16654246 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 5.07929774 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 4.15166658 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
Class CUSIP Beginning Interest Prepayment Ending Notional Distribution Penalties Notional Amount Amount IO-I 929766CZ4 983.28159709 0.13086641 0.00000000 982.35464869 IO-II 929766DB6 951.19212066 1.09949951 0.00000000 951.19212066
Reconciliation Detail Advance Summary P & I Advances Outstanding 3,170,746.52 Servicing Advances Outstanding 0.00 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 35,963.20 Less Delinquent Servicing Fees 20,206.72 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 14,284.24 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 30,040.72
Certificate Interest Reconciliation Class Accrued Net Aggregate Deferred Distributable Distributable Certificate Prepayment Interest Certificate Certificate Interest Interest Amount Interest Interest Shortfall Adjustment A-1 818,893.47 0.00 0.00 818,893.47 0.00 A-2 1,938,027.23 0.00 0.00 1,938,027.23 0.00 IO-I 122,656.39 0.00 0.00 122,656.39 0.00 IO-II 979,027.35 0.00 0.00 979,027.35 0.00 B 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 D 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 F 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 H 65,456.91 0.00 0.00 65,456.91 0.00 J 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 L 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 N 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 P 97,282.47 0.00 0.00 97,282.47 0.00 Total 4,719,452.87 0.00 0.00 4,719,452.87 0.00
Class Additional Interest Remaining Unpaid Trust Fund Distribution Distributable Expenses Certificate Interest A-1 0.00 818,893.47 0.00 A-2 0.00 1,938,027.23 0.00 IO-I 0.00 122,656.39 0.00 IO-II 0.00 979,027.35 0.00 B 0.00 150,511.99 0.00 C 0.00 54,054.42 0.00 D 0.00 108,942.33 0.00 E 0.00 55,210.06 0.00 F 0.00 49,249.27 0.00 G 0.00 61,260.96 0.00 H 0.00 65,456.91 0.00 J 0.00 92,416.10 0.00 K 0.00 38,913.57 0.00 L 0.00 29,182.07 0.00 M 0.00 9,727.35 0.00 N 0.00 29,186.22 0.00 O 0.00 19,454.71 0.00 P 0.00 97,282.47 174.23 Total 0.00 4,719,452.87 174.23
Other Required Information Available Distribution Amount (1) 5,588,248.37 Aggregate Number of Outstanding Loans 130 Aggregate Stated Principal Balance of Loans Before Distribution 921,594,589.80 Aggregate Stated Principal Balance of Loans After Distribution 920,725,794.30 Aggregate Unpaid Principal Balance of Loans 921,240,076.98 Aggregate Amount of Servicing Fee 30,040.72 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 1,996.79 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 None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 4,757,412.89 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 4,757,412.89 Principal: Scheduled Principal 868,795.50 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 868,795.50 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 5,626,208.39 Total Funds Distributed Fees: Master Servicing Fee 35,963.20 Trustee Fee 1,996.79 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 37,959.99 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 0.00 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 0.00 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 4,719,452.87 Principal Distribution 868,795.50 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 5,588,248.37 Total Funds Distributed 5,626,208.36
Ratings Detail Class CUSIP Original Ratings Current Ratings (1) 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 Scheduled # of Scheduled % of WAM WAC Weighted Balance Loans Balance Agg. (2) Avg DSCR (1) Bal. Below 2,000,000 10 14,694,159.09 1.60 105 6.3953 1.519130 2,000,001 to 3,000,000 28 71,099,329.02 7.72 99 6.3057 1.533416 3,000,001 to 4,000,000 21 71,853,300.94 7.80 98 6.1748 1.600914 4,000,001 to 5,000,000 11 49,351,902.27 5.36 89 6.3230 1.463153 5,000,001 to 6,000,000 9 49,361,979.01 5.36 99 5.9814 1.465367 6,000,001 to 7,000,000 8 50,869,912.51 5.52 99 6.1566 1.763961 7,000,001 to 8,000,000 7 52,080,960.00 5.66 99 5.7670 1.493016 8,000,001 to 9,000,000 5 43,265,725.69 4.70 85 5.6935 1.695966 9,000,001 to 10,000,000 5 48,645,541.09 5.28 75 5.8529 1.564346 10,000,001 to 15,000,000 12 137,086,747.42 14.89 90 5.8350 1.475243 15,000,001 to 20,000,000 7 121,229,949.01 13.17 93 6.2505 1.483328 20,000,001 to 25,000,000 3 69,998,009.35 7.60 89 5.5278 1.481299 25,000,001 to 30,000,000 1 26,500,000.00 2.88 101 6.3800 1.250000 30,000,001 to 35,000,000 1 30,782,673.00 3.34 97 5.9000 1.110000 35,000,001 to 40,000,000 1 35,930,677.08 3.90 100 5.4200 1.780000 40,000,001 and greater 1 47,974,928.82 5.21 98 6.1000 1.410000 Totals 130 920,725,794.30 100.00 94 5.9959 1.512426
State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alabama 2 6,931,176.36 0.75 100 6.8000 1.804444 Arizona 3 20,054,471.55 2.18 100 5.8001 1.403093 California 21 223,818,820.32 24.31 94 6.0092 1.527219 Florida 18 116,254,583.72 12.63 84 5.8991 1.506996 Georgia 12 87,535,086.93 9.51 100 5.6439 1.637249 Idaho 1 2,886,092.76 0.31 96 7.1100 0.770000 Illinois 4 47,100,242.36 5.12 98 5.9234 1.327603 Indiana 1 12,077,193.99 1.31 98 5.9000 1.880000 Kentucky 1 17,751,075.49 1.93 99 6.2500 1.350000 Louisiana 2 6,246,272.27 0.68 82 5.8002 1.595084 Maryland 12 63,545,588.33 6.90 99 6.0166 1.604664 Massachusetts 2 8,102,096.91 0.88 99 5.9538 1.469941 Minnesota 2 6,297,371.52 0.68 99 6.3299 1.301927 Missouri 2 10,583,544.94 1.15 89 7.9602 2.034048 Nevada 4 34,027,482.19 3.70 99 5.9575 1.562318 New Jersey 3 13,956,154.33 1.52 99 5.9909 1.380532 New Mexico 1 3,922,624.45 0.43 100 6.0000 1.530000 New York 2 2,626,525.63 0.29 63 5.8517 1.747056 North Carolina 6 49,611,839.63 5.39 100 6.1755 1.369817 Ohio 2 4,674,459.75 0.51 97 7.4000 1.368542 Oklahoma 3 7,155,374.48 0.78 112 5.9579 1.489375 Oregon 1 3,102,241.87 0.34 99 5.9200 1.460000 Pennsylvania 2 23,755,433.66 2.58 72 5.7144 1.846990 South Carolina 1 7,013,249.30 0.76 100 5.4100 1.560000 Tennessee 2 7,470,392.83 0.81 98 6.3353 1.422353 Texas 7 41,379,186.46 4.49 71 5.9107 1.565249 Utah 2 17,522,807.21 1.90 100 5.5900 1.372346 Virginia 4 18,974,912.70 2.06 100 5.8506 1.523603 Washington 7 56,349,492.32 6.12 99 6.3519 1.257011 Totals 130 920,725,794.30 100.00 94 5.9959 1.512426
Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. 1.19 or less 14 152,654,915.56 16.58 94 6.1407 1.103843 1.20 to 1.24 2 4,579,617.12 0.50 99 6.3690 1.215139 1.25 to 1.29 6 44,231,046.89 4.80 100 6.2752 1.252361 1.30 to 1.34 8 49,962,080.87 5.43 104 5.7694 1.327470 1.35 to 1.39 11 71,820,046.08 7.80 95 6.0325 1.364569 1.40 to 1.44 10 109,913,870.98 11.94 99 6.0713 1.417427 1.45 to 1.49 12 74,783,068.70 8.12 94 5.9268 1.465553 1.50 to 1.54 8 47,541,913.17 5.16 86 5.9352 1.521518 1.55 to 1.59 12 57,619,106.17 6.26 99 5.8739 1.572610 1.60 to 1.64 11 46,901,633.34 5.09 83 5.9722 1.621389 1.65 to 1.69 4 21,843,432.96 2.37 95 6.2132 1.667749 1.70 to 1.74 6 47,889,268.70 5.20 83 6.3524 1.719871 1.75 to 1.79 3 45,790,224.75 4.97 100 5.5658 1.782153 1.80 to 1.84 5 16,394,201.37 1.78 100 6.8980 1.814359 1.85 to 1.89 6 45,174,095.27 4.91 86 5.6407 1.868121 1.90 to 1.94 3 24,160,854.61 2.62 73 5.7192 1.924399 1.95 to 1.99 0 0.00 0.00 0 0.0000 0.000000 2.00 to 2.09 5 19,232,691.92 2.09 73 5.7303 2.019416 2.10 to 2.24 2 31,819,399.06 3.46 100 5.4479 2.190712 2.25 to 2.49 0 0.00 0.00 0 0.0000 0.000000 2.50 or greater 2 8,414,326.78 0.91 97 7.0371 2.944503 Totals 130 920,725,794.30 100.00 94 5.9959 1.512426
Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 8 41,435,767.15 4.50 73 5.9357 1.518981 Lodging 11 57,818,886.04 6.28 98 7.1234 1.866930 Mixed Use 3 45,533,575.64 4.95 98 5.9292 1.233570 Mobile Home Park 6 27,149,815.25 2.95 58 5.5419 1.803869 Multi-Family 32 281,498,331.15 30.57 96 5.7951 1.433665 Office 19 127,674,191.10 13.87 83 5.8366 1.586987 Retail 45 320,223,372.61 34.78 100 6.0849 1.477908 Self Storage 6 19,391,855.34 2.11 100 6.0482 1.910593 Totals 130 920,725,794.30 100.00 94 5.9959 1.512426
Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 4.999% or less 0 0.00 0.00 0 0.0000 0.000000 5.000% to 5.249% 1 25,000,000.00 2.72 100 5.1200 2.210000 5.250% to 5.499% 10 105,614,476.67 11.47 89 5.3927 1.727784 5.500% to 5.749% 18 170,847,288.03 18.56 89 5.6481 1.455301 5.750% to 5.999% 28 196,319,038.70 21.32 91 5.9008 1.447957 6.000% to 6.249% 39 227,934,332.06 24.76 98 6.0733 1.480043 6.250% to 6.499% 11 74,166,869.98 8.06 102 6.3101 1.329182 6.500% to 6.749% 6 45,252,686.57 4.91 91 6.5813 1.402563 6.750% to 6.999% 6 29,851,449.16 3.24 98 6.8196 1.527683 7.000% to 7.249% 2 4,979,153.83 0.54 95 7.1184 1.131514 7.250% to 7.499% 6 33,341,043.71 3.62 98 7.4007 1.859923 7.500% to 8.249% 1 2,265,061.59 0.25 60 8.2000 1.460000 8.250% to 8.749% 1 949,539.00 0.10 60 8.5000 1.257022 8.750% or greater 1 4,204,855.00 0.46 76 8.8100 1.130000 Totals 130 920,725,794.30 100.00 94 5.9959 1.512426
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 122 875,422,985.13 95.08 94 5.9432 1.527396 25 to 36 months 4 37,409,605.53 4.06 88 6.6957 1.210242 37 to 48 months 1 4,204,855.00 0.46 76 8.8100 1.130000 49 months and greater 3 3,688,348.64 0.40 74 8.1809 1.460407 Totals 130 920,725,794.30 100.00 94 5.9959 1.512426
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 10 63,620,915.39 6.91 40 5.8950 1.686567 61 to 84 months 5 50,816,542.62 5.52 65 5.9117 1.484840 85 to 108 months 111 797,222,309.06 86.59 99 6.0076 1.503996 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 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 126 911,659,767.07 99.02 93 5.9944 1.515669
Remaining Stated Term (Fully Amortizing Loans) Remaining Stated # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 120 months or less 0 0.00 0.00 0 0.0000 0.000000 121 to 192 months 3 6,942,954.94 0.75 161 6.0989 1.148539 193 to 264 months 1 2,123,072.29 0.23 196 6.2800 1.310000 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 9,066,027.23 0.98 169 6.1413 1.186350
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 9 131,860,000.00 14.32 85 5.7787 1.570818 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 20,389,783.08 2.21 93 6.2623 1.268282 265 to 336 months 34 219,535,383.65 23.84 90 6.4246 1.553871 337 months or greater 79 539,874,600.34 58.64 96 5.8621 1.496008 Totals 126 911,659,767.07 99.02 93 5.9944 1.515669
Age of Most Recent NOI Age of Most # of Scheduled % of WAM WAC Weighted Recent NOI Loans Balance Agg. (2) Avg DSCR (1) Bal. Underwriter's Information 3 16,524,078.15 1.79 97 6.0206 1.349874 1 year or less 126 903,024,977.96 98.08 94 5.9954 1.515769 1 to 2 years 1 1,176,738.19 0.13 100 5.9900 1.230000 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 130 920,725,794.30 100.00 94 5.9959 1.512426 (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 502737617 1 RT Chino CA 252,236.44 44,701.00 6.100% 502753516 2 RT McDonough GA 167,858.60 34,742.16 5.420% 502746711 3 MU Highland Park IL 156,546.98 30,291.02 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 118,487.58 23,098.24 5.850% 502753714 7 MF San Diego CA 104,603.47 0.00 5.650% 502742421 8 LO La Jolla CA 122,078.57 21,857.46 7.400% 502743311 9 MF Cary NC 107,983.33 0.00 6.600% 410100012 10 RT Elizabethtown KY 95,669.41 24,918.15 6.250% 582000011 11 OF Scranton PA 84,132.08 21,317.87 5.610% 502760002 12 RT Las Vegas NV 91,885.87 15,418.69 6.200% 310100022 13 RT Poway CA 77,131.78 15,833.71 5.710% 310100033 14 OF Rockville MD 74,336.11 36,232.59 5.710% 502744001 15 MF Scottsdale AZ 67,812.77 14,516.64 5.500% 310100001 16 MF Hammond IN 61,451.30 18,196.37 5.900% 682000017 17 IN Fort Myers FL 64,067.08 11,156.39 6.110% 582000018 18 RT Puyallup WA 69,216.70 15,149.24 6.850% 502750923 19 MF San Antonio TX 56,692.39 11,998.67 5.650% 582000020 20 MF Riverton UT 55,189.78 11,903.71 5.590% 502743019 21 RT Emeryville CA 58,578.65 10,815.20 6.000% 682000022 22 OF Burbank CA 56,593.67 16,074.30 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 50,111.87 9,971.64 5.800% 682000026 26 MU Annapolis MD 51,641.02 9,447.57 5.990% 310100007 27 OF Houston TX 50,775.05 9,617.70 5.920% 310100034 28 RT Corona CA 47,688.98 10,034.60 5.650% 582000029 29 RT Orting WA 50,581.27 9,309.51 5.990% 310100030 30 OF Fairfax VA 48,110.95 9,876.27 5.710% 502742510 31 IN El Paso TX 48,257.51 8,909.63 6.000% 310100021 32 OF Aurora IL 44,900.58 8,845.61 5.810% 502751009 33 OF San Diego CA 44,841.03 8,219.19 6.000% 582000034 34 OF Durham NC 43,549.75 8,385.74 5.880% 310100024 35 MF Decatur GA 39,381.89 9,130.93 5.415% 310100040 36 MH Fort Lauderdale FL 39,619.72 0.00 5.350% 310100032 37 OF Silver Spirng MD 38,565.89 7,916.85 5.710% 310100025 38 MF College Park GA 35,669.72 8,270.24 5.415% 502750015 39 RT Bermuda Run NC 39,581.71 7,255.18 6.000% 582000040 40 RT Hayward CA 42,821.30 6,480.01 6.500% 310100027 41 MF Jonesboro GA 33,016.86 7,655.16 5.415% 502752321 42 RT San Clemente CA 36,495.09 0.00 5.870% 682000043 43 MF Sumter SC 32,707.40 7,599.13 5.410% 502758020 44 LO Salisbury MD 39,101.05 8,821.65 6.650% 502732004 45 RT Fuquay - Varina NC 33,155.14 6,203.28 5.950% 502742430 46 LO St. Louis MO 40,692.86 7,285.82 7.400% 502744604 47 RT Lakeland FL 33,808.65 5,791.18 6.150% 502745010 48 RT Lebanon PA 32,897.10 6,073.68 6.000% 502747902 49 RT Covington GA 32,795.87 6,055.00 6.000% 582000050 50 MF Logan UT 29,245.87 6,307.95 5.590% 310100028 51 MF Decatur GA 28,272.77 6,555.22 5.415% 502752705 52 RT North Port FL 29,511.92 6,008.56 5.730% 310100031 53 OF Gaithersburg MD 28,654.46 5,882.22 5.710% 502748510 54 MF Greenville NC 28,212.95 5,899.93 5.665% 502748213 55 RT Edison NJ 29,434.01 5,285.48 6.050% 502754316 56 MF Hoboken NJ 27,964.38 5,287.11 5.910% 502745411 57 MF Victorville CA 29,035.99 4,792.69 6.240% 582000058 58 RT Goleta CA 24,320.50 19,560.06 6.000% 310100008 59 OF North Adams MA 26,254.32 6,225.39 6.010% 502739621 60 RT Clarksville TN 28,007.31 4,433.92 6.375% 502744614 61 RT Bakersfield CA 27,419.53 4,597.76 6.250% 582000062 62 SS Reno NV 25,642.40 7,010.76 6.090% 682000063 63 MU Baltimore MD 24,516.83 4,485.28 5.990% 502749325 64 IN Orlando FL 22,878.64 4,609.03 5.770% 582000065 65 MF Largo FL 25,754.16 3,953.04 6.500% 310100036 66 LO Lakeland FL 25,891.02 5,550.45 6.800% 502748502 67 IN Orlando FL 21,127.28 4,621.21 5.570% 502748709 68 IN San Diego CA 22,040.51 4,039.94 6.000% 502744302 69 RT Anaheim CA 22,800.84 3,771.21 6.250% 582000070 70 RT Independence MO 31,921.53 2,882.02 8.810% 582000071 71 RT Riverside CA 21,349.90 3,994.54 5.950% 502754319 72 MF Albuquerque NM 20,285.99 3,696.03 6.000% 502753401 73 SS Lake Mary FL 20,285.99 3,696.03 6.000% 502751306 74 RT Franklin Park IL 20,521.44 3,666.70 6.080% 310100037 75 LO Montgomery AL 22,576.06 4,839.79 6.800% 502743602 76 RT Tucson AZ 21,878.74 3,028.99 6.700% 310100039 77 LO Tallahassee FL 21,490.12 4,606.99 6.800% 502745007 78 MF Norfolk VA 18,747.10 3,436.27 6.000% 502753403 79 SS Altamonte Springs FL 18,003.82 3,280.22 6.000% 310100026 80 MF College Park GA 16,163.70 3,747.65 5.415% 502751502 81 RT Des Plaines IL 18,507.77 3,042.33 6.250% 310100006 82 MF Minneapolis MN 19,072.19 4,560.06 6.500% 682000083 83 RT Ontario CA 18,016.89 3,192.93 6.100% 502751771 84 RT Virginia Beach VA 16,355.58 2,979.92 6.000% 502747407 85 RT Wichita Falls TX 16,547.92 4,494.83 6.150% 310100038 86 LO Savannah GA 18,289.46 3,920.85 6.800% 410100011 87 IN Harahan LA 15,320.81 4,051.60 5.700% 310100009 88 MH Eugene OR 15,838.11 4,623.33 5.920% 582000089 89 RT Shreveport LA 15,912.09 3,020.83 5.900% 310100035 90 LO Huntsville AL 18,060.84 3,871.84 6.800% 582000091 91 IN Altamonte Springs FL 15,266.98 3,095.56 5.740% 582000092 92 RT Weymouth MA 15,331.46 2,976.51 5.860% 502742420 93 LO Miamisburg OH 18,948.58 3,392.64 7.400% 682000094 94 OF Lutherville MD 15,239.16 2,787.96 5.990% 310100013 95 OF Monterey CA 16,005.98 2,582.76 6.310% 582000096 96 RT Bartlesville OK 14,664.12 2,938.48 5.800% 310100018 97 OF Nassau Bay TX 15,382.80 2,684.00 6.120% 582000098 98 MF St. Cloud MN 15,292.84 2,641.22 6.130% 582000099 99 MF Chubbuck ID 17,682.93 2,094.64 7.110% 502740410 100 SS Santa Clarita CA 15,057.08 4,075.85 6.160% 582000101 101 RT Kennesaw GA 14,707.34 2,679.63 6.000% 502750208 102 RT Toms River NJ 14,667.13 2,655.51 6.030% 502742414 103 LO Atlanta GA 17,084.79 3,058.93 7.400% 310100010 104 MF Irving TX 14,444.80 3,781.19 6.300% 502746701 105 RT Miami FL 13,604.21 2,511.71 6.000% 310100017 106 OF Tulsa OK 13,679.38 2,396.60 6.110% 502750309 107 MF Spokane WA 13,526.33 0.00 5.950% 682000108 108 OF Lutherville MD 12,657.11 2,315.58 5.990% 502746826 109 MF Virginia Beach VA 12,475.88 2,273.06 6.000% 502747320 110 RT Knoxville TN 12,782.34 2,114.17 6.250% 582000111 111 MF Spokane WA 11,627.97 3,384.10 5.910% 582000112 112 RT Phoenix MD 16,015.48 3,062.74 8.200% 502744605 113 RT Largo FL 12,062.64 2,024.15 6.200% 582000114 114 SS Everett WA 11,776.42 3,197.56 6.110% 502739403 115 RT Duluth GA 12,882.76 5,202.52 7.130% 582000116 116 RT Wilson NC 11,513.22 5,939.43 6.280% 310100020 117 MH Lakeland FL 11,157.30 2,032.70 6.000% 582000118 118 OF New Windsor NY 10,206.61 2,284.75 5.500% 682000119 119 OF Owings Mills MD 10,995.53 1,852.69 6.190% 502751313 120 SS Landover Hills MD 10,357.63 3,044.62 5.900% 410100004 121 RT Mesa AZ 10,566.64 1,747.70 6.250% 502750605 122 RT Decatur GA 9,753.16 2,042.26 6.090% 310100003 123 MF Dallas TX 8,730.90 1,773.41 5.750% 310100002 124 MH Santa Maria CA 9,008.44 1,596.47 6.100% 582000125 125 RT Tulsa OK 8,427.29 6,421.63 6.000% 502742418 126 LO Columbus OH 10,872.14 1,946.59 7.400% 682000127 127 OF Owings Mills MD 7,594.27 1,389.35 5.990% 310100044 128 MH Spokane WA 6,075.41 1,111.48 5.990% 582000129 129 RT Las Vegas NV 6,958.98 1,214.08 8.500% 582000130 130 IN Commack NY 2,951.02 1,583.33 7.450% Totals 4,757,412.89 868,795.50
Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 502737617 N/A 11/11/2012 N 48,019,629.82 47,974,928.82 08/11/2004 502753516 N/A 01/11/2013 N 35,965,419.24 35,930,677.08 09/11/2004 502746711 N/A 10/11/2012 N 30,812,964.02 30,782,673.00 08/11/2004 502754321 N/A 02/11/2013 N 26,500,000.00 26,500,000.00 09/11/2004 502755016 N/A 01/11/2013 N 25,000,000.00 25,000,000.00 08/11/2004 502745113 N/A 12/11/2012 N 23,521,107.59 23,498,009.35 08/11/2004 502753714 N/A 01/11/2010 N 21,500,000.00 21,500,000.00 09/11/2004 502742421 N/A 10/11/2012 N 19,157,927.47 19,136,070.01 08/11/2004 502743311 N/A 08/01/2012 N 19,000,000.00 19,000,000.00 09/01/2004 410100012 N/A 12/11/2012 N 17,775,993.64 17,751,075.49 08/11/2004 582000011 12/11/2009 12/11/2030 N 17,415,645.39 17,394,327.52 09/11/2004 502760002 01/11/2013 01/11/2033 N 17,210,673.68 17,195,254.99 09/11/2004 310100022 N/A 01/11/2013 N 15,686,933.29 15,671,099.58 09/11/2004 310100033 01/11/2013 01/11/2023 N 15,118,354.01 15,082,121.42 08/11/2004 502744001 N/A 01/11/2013 N 14,318,239.64 14,303,723.00 08/11/2004 310100001 N/A 11/11/2012 N 12,095,390.36 12,077,193.99 09/11/2004 682000017 N/A 01/11/2013 N 12,176,838.60 12,165,682.21 09/11/2004 582000018 N/A 08/01/2012 N 11,734,407.07 11,719,257.83 09/01/2004 502750923 N/A 12/11/2012 N 11,652,447.62 11,640,448.95 09/11/2004 582000020 N/A 01/11/2013 N 11,465,358.75 11,453,455.04 08/11/2004 502743019 11/11/2012 11/11/2032 N 11,337,803.73 11,326,988.53 08/11/2004 682000022 N/A 01/01/2008 N 10,990,248.05 10,974,173.75 09/01/2004 502755612 N/A 12/11/2012 N 11,000,000.00 11,000,000.00 09/11/2004 310100041 N/A 01/11/2008 N 10,400,000.00 10,400,000.00 08/11/2004 502751708 N/A 12/11/2012 N 10,033,521.70 10,023,550.06 08/11/2004 682000026 N/A 01/01/2013 N 10,011,721.63 10,002,274.06 09/01/2004 310100007 N/A 12/11/2007 N 9,960,232.08 9,950,614.38 08/11/2004 310100034 N/A 01/11/2013 N 9,801,902.76 9,791,868.16 09/11/2004 582000029 N/A 12/11/2012 N 9,806,266.36 9,796,956.85 09/11/2004 310100030 01/11/2013 01/11/2033 N 9,784,724.72 9,774,848.45 08/11/2004 502742510 N/A 11/11/2007 N 9,340,162.88 9,331,253.25 09/11/2004 310100021 N/A 01/11/2013 N 8,974,630.97 8,965,785.36 08/11/2004 502751009 N/A 12/11/2012 N 8,678,908.99 8,670,689.80 08/11/2004 582000034 12/11/2011 12/11/2032 N 8,601,004.63 8,592,618.89 08/11/2004 310100024 N/A 01/11/2013 N 8,445,762.57 8,436,631.64 08/11/2004 310100040 N/A 01/11/2008 N 8,600,000.00 8,600,000.00 08/11/2004 310100032 01/11/2013 01/11/2033 N 7,843,466.76 7,835,549.91 08/11/2004 310100025 N/A 01/11/2013 N 7,649,657.63 7,641,387.39 08/11/2004 502750015 N/A 12/11/2012 N 7,660,975.86 7,653,720.68 08/11/2004 582000040 N/A 10/11/2012 N 7,650,456.34 7,643,976.33 09/11/2004 310100027 N/A 01/11/2013 N 7,080,731.55 7,073,076.39 08/11/2004 502752321 N/A 01/11/2013 N 7,220,000.00 7,220,000.00 08/11/2004 682000043 N/A 01/11/2013 N 7,020,848.43 7,013,249.30 08/11/2004 502758020 N/A 01/11/2013 N 6,828,220.71 6,819,399.06 08/11/2004 502732004 N/A 12/01/2012 N 6,471,048.75 6,464,845.47 09/01/2004 502742430 N/A 10/11/2012 N 6,385,975.76 6,378,689.94 08/11/2004 502744604 N/A 01/11/2013 N 6,384,009.60 6,378,218.42 08/11/2004 502745010 N/A 11/11/2012 N 6,367,179.82 6,361,106.14 09/11/2004 502747902 N/A 11/11/2012 N 6,347,588.49 6,341,533.49 08/11/2004 582000050 N/A 01/11/2013 N 6,075,660.12 6,069,352.17 08/11/2004 310100028 N/A 01/11/2013 N 6,063,323.04 6,056,767.82 08/11/2004 502752705 N/A 01/11/2013 N 5,981,134.85 5,975,126.29 09/11/2004 310100031 01/11/2013 01/11/2033 N 5,827,695.72 5,821,813.50 08/11/2004 502748510 N/A 01/11/2013 N 5,783,482.23 5,777,582.30 08/11/2004 502748213 N/A 12/11/2012 N 5,649,822.74 5,644,537.26 08/11/2004 502754316 N/A 01/11/2013 N 5,494,883.15 5,489,596.04 09/11/2004 502745411 N/A 01/01/2013 N 5,403,720.76 5,398,928.07 09/01/2004 582000058 N/A 02/11/2018 N 4,864,099.60 4,844,539.54 09/11/2004 310100008 N/A 12/11/2012 N 5,073,026.22 5,066,800.83 08/11/2004 502739621 N/A 11/01/2012 N 5,101,900.33 5,097,466.41 09/01/2004 502744614 N/A 10/01/2012 N 5,094,726.07 5,090,128.31 09/01/2004 582000062 N/A 01/11/2013 N 4,889,698.96 4,882,688.20 08/11/2004 682000063 N/A 01/01/2013 N 4,753,113.86 4,748,628.58 09/01/2004 502749325 N/A 12/11/2009 N 4,604,634.07 4,600,025.04 08/11/2004 582000065 N/A 08/01/2007 N 4,601,239.67 4,597,286.63 09/01/2004 310100036 N/A 01/11/2013 N 4,421,616.37 4,416,065.92 09/11/2004 502748502 N/A 12/11/2007 N 4,404,830.42 4,400,209.21 08/11/2004 502748709 N/A 12/11/2012 N 4,265,904.38 4,261,864.44 08/11/2004 502744302 12/11/2012 12/11/2032 N 4,236,542.29 4,232,771.08 08/11/2004 582000070 N/A 01/01/2011 N 4,207,737.02 4,204,855.00 09/01/2004 582000071 12/01/2012 12/01/2032 N 4,166,963.17 4,162,968.63 09/01/2004 502754319 N/A 01/11/2013 N 3,926,320.48 3,922,624.45 08/11/2004 502753401 N/A 01/11/2013 N 3,926,320.48 3,922,624.45 08/11/2004 502751306 11/11/2012 11/11/2032 N 3,919,630.62 3,915,963.92 08/11/2004 310100037 N/A 01/11/2013 N 3,855,493.33 3,850,653.54 09/11/2004 502743602 11/11/2012 11/11/2032 N 3,792,174.61 3,789,145.62 08/11/2004 310100039 N/A 01/11/2013 N 3,670,039.26 3,665,432.27 09/11/2004 502745007 N/A 12/11/2012 N 3,628,470.39 3,625,034.12 09/11/2004 502753403 N/A 01/11/2013 N 3,484,609.47 3,481,329.25 08/11/2004 310100026 N/A 01/11/2013 N 3,466,434.70 3,462,687.05 08/11/2004 502751502 N/A 01/11/2013 N 3,438,862.41 3,435,820.08 09/11/2004 310100006 N/A 12/11/2012 N 3,407,438.99 3,402,878.93 08/11/2004 682000083 N/A 11/01/2012 N 3,429,973.52 3,426,780.59 09/01/2004 502751771 01/11/2013 01/11/2033 N 3,165,595.96 3,162,616.04 08/11/2004 502747407 11/11/2012 11/11/2027 N 3,124,705.75 3,120,210.92 09/11/2004 310100038 N/A 01/11/2013 N 3,123,437.62 3,119,516.77 09/11/2004 410100011 N/A 01/11/2010 N 3,121,386.66 3,117,335.06 08/11/2004 310100009 N/A 12/11/2012 N 3,106,865.20 3,102,241.87 09/11/2004 582000089 01/11/2013 01/11/2033 N 3,131,958.04 3,128,937.21 08/11/2004 310100035 N/A 01/11/2013 N 3,084,394.67 3,080,522.83 09/11/2004 582000091 N/A 01/11/2013 N 3,088,745.45 3,085,649.89 08/11/2004 582000092 N/A 12/11/2012 N 3,038,272.59 3,035,296.08 08/11/2004 502742420 N/A 10/11/2012 N 2,973,622.23 2,970,229.59 08/11/2004 682000094 N/A 01/01/2013 N 2,954,439.48 2,951,651.52 09/01/2004 310100013 N/A 12/11/2012 N 2,945,735.82 2,943,153.06 09/11/2004 582000096 N/A 11/11/2012 N 2,936,086.49 2,933,148.01 08/11/2004 310100018 N/A 12/11/2012 N 2,918,938.14 2,916,254.14 08/11/2004 582000098 N/A 01/11/2013 N 2,897,133.81 2,894,492.59 08/11/2004 582000099 N/A 09/01/2012 N 2,888,187.40 2,886,092.76 09/01/2004 502740410 N/A 11/11/2012 N 2,838,577.20 2,834,501.35 09/11/2004 582000101 N/A 01/11/2013 N 2,846,582.27 2,843,902.64 08/11/2004 502750208 12/11/2012 12/11/2032 N 2,824,676.54 2,822,021.03 08/11/2004 502742414 N/A 10/11/2012 N 2,681,134.89 2,678,075.96 08/11/2004 310100010 N/A 09/11/2012 N 2,662,635.10 2,658,853.91 08/11/2004 502746701 N/A 11/11/2012 N 2,633,073.66 2,630,561.95 08/11/2004 310100017 N/A 12/11/2012 N 2,599,955.72 2,597,559.12 08/11/2004 502750309 N/A 12/11/2012 N 2,640,000.00 2,640,000.00 08/11/2004 682000108 N/A 01/01/2013 N 2,453,853.41 2,451,537.83 09/01/2004 502746826 N/A 01/11/2013 N 2,414,687.15 2,412,414.09 08/11/2004 502747320 12/11/2012 12/11/2032 N 2,375,040.59 2,372,926.42 08/11/2004 582000111 N/A 01/11/2013 N 2,284,848.30 2,281,464.20 08/11/2004 582000112 N/A 09/01/2009 N 2,268,124.33 2,265,061.59 09/01/2004 502744605 N/A 01/11/2013 N 2,259,392.02 2,257,367.87 08/11/2004 582000114 N/A 01/11/2013 N 2,238,272.81 2,235,075.25 08/11/2004 502739403 N/A 06/01/2012 N 2,098,263.59 2,093,061.07 09/01/2004 582000116 N/A 01/11/2021 N 2,129,011.72 2,123,072.29 08/11/2004 310100020 N/A 01/11/2013 N 2,159,477.62 2,157,444.92 08/11/2004 582000118 N/A 01/11/2008 N 2,155,062.33 2,152,777.58 08/11/2004 682000119 N/A 01/01/2013 N 2,062,844.13 2,060,991.44 09/01/2004 502751313 N/A 12/11/2012 N 2,038,681.46 2,035,636.84 09/11/2004 410100004 N/A 12/11/2012 N 1,963,350.63 1,961,602.93 09/11/2004 502750605 N/A 01/11/2013 N 1,859,811.89 1,857,769.63 09/11/2004 310100003 N/A 12/11/2012 N 1,763,324.33 1,761,550.92 08/11/2004 310100002 N/A 11/11/2012 N 1,714,986.75 1,713,390.28 09/11/2004 582000125 N/A 01/11/2018 N 1,631,088.98 1,624,667.35 08/11/2004 502742418 N/A 10/11/2012 N 1,706,176.75 1,704,230.16 08/11/2004 682000127 N/A 01/01/2013 N 1,472,311.93 1,470,922.58 09/01/2004 310100044 N/A 01/11/2013 N 1,177,849.67 1,176,738.19 08/11/2004 582000129 N/A 09/01/2009 N 950,753.08 949,539.00 09/01/2004 582000130 N/A 10/01/2018 N 475,331.38 473,748.05 09/11/2004 Totals 921,594,589.80 920,725,794.30
Loan Appraisal Appraisal Res. Mod. Number Reduction Reduction Strat. Code Date Amount (2) (3) Totals 0.00 (1) Property Type Code MF - Multi-Family RT - Retail HC - Health Care IN - Industrial WH - Warehouse MH - Mobile Home Park OF - Office MU - Mixed Use LO - Lodging SS - Self Storage OT - Other IW - Industrial/Warehouse (2) Resolution Strategy Code 1 - Modification 2 - Foreclosure 3 - Bankruptcy 4 - Extension 5 - Note Sale 6 - DPO 7 - REO 8 - Resolved 9 - Pending Return to Master Servicer 10 - Deed In Lieu Of Foreclosure 11 - Full Payoff 12 - Reps and Warranties 13 - Other or TBD (3) Modification Code 1 - Maturity Date Extension 2 - Amortization Change 3 - Principal Write-Off 4 - Combination
Principal Prepayment Detail No Principal Prepayments this Period
Historical Detail Delinquencies Distribution 30-59 Days 60-89 Days 90 Days or More Date # Balance # Balance # Balance 09/15/2004 0 $0.00 0 $0.00 0 $0.00 08/16/2004 0 $0.00 0 $0.00 0 $0.00 07/15/2004 0 $0.00 0 $0.00 0 $0.00 06/15/2004 0 $0.00 0 $0.00 0 $0.00 05/17/2004 0 $0.00 0 $0.00 0 $0.00 04/15/2004 0 $0.00 0 $0.00 0 $0.00 03/15/2004 0 $0.00 0 $0.00 0 $0.00 02/17/2004 0 $0.00 0 $0.00 0 $0.00 01/15/2004 0 $0.00 0 $0.00 0 $0.00 12/15/2003 0 $0.00 0 $0.00 0 $0.00 11/17/2003 0 $0.00 0 $0.00 0 $0.00 10/15/2003 0 $0.00 0 $0.00 0 $0.00
Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 09/15/2004 0 $0.00 0 $0.00 0 $0.00 08/16/2004 0 $0.00 0 $0.00 0 $0.00 07/15/2004 0 $0.00 0 $0.00 0 $0.00 06/15/2004 0 $0.00 0 $0.00 0 $0.00 05/17/2004 0 $0.00 0 $0.00 0 $0.00 04/15/2004 0 $0.00 0 $0.00 0 $0.00 03/15/2004 0 $0.00 0 $0.00 0 $0.00 02/17/2004 0 $0.00 0 $0.00 0 $0.00 01/15/2004 0 $0.00 0 $0.00 0 $0.00 12/15/2003 0 $0.00 0 $0.00 0 $0.00 11/17/2003 0 $0.00 0 $0.00 0 $0.00 10/15/2003 0 $0.00 0 $0.00 0 $0.00
Prepayments Rate and Maturities Distribution Curtailments Payoff Next Weighted Avg. WAM Date # Amount # Amount Coupon Remit 09/15/2004 0 $0.00 0 $0.00 5.995865% 5.946438% 94 08/16/2004 0 $0.00 0 $0.00 5.995905% 5.946477% 95 07/15/2004 0 $0.00 0 $0.00 5.995944% 5.946515% 96 06/15/2004 0 $0.00 0 $0.00 5.996018% 5.946589% 97 05/17/2004 0 $0.00 0 $0.00 5.996078% 5.946647% 98 04/15/2004 0 $0.00 0 $0.00 5.996151% 5.946719% 99 03/15/2004 0 $0.00 0 $0.00 5.996209% 5.946776% 100 02/17/2004 0 $0.00 0 $0.00 5.996295% 5.946861% 101 01/15/2004 0 $0.00 0 $0.00 5.996352% 5.946916% 102 12/15/2003 0 $0.00 0 $0.00 5.996408% 5.946971% 103 11/17/2003 0 $0.00 0 $0.00 5.996478% 5.947040% 104 10/15/2003 0 $0.00 0 $0.00 5.996533% 5.947094% 105 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 502737617 1 0 08/11/2004 295,336.78 295,336.78 A 502746711 3 0 08/11/2004 185,810.90 185,810.90 A 502755016 5 0 08/11/2004 109,388.88 109,388.88 A 502745113 6 0 08/11/2004 140,605.78 140,605.78 A 502742421 8 0 08/11/2004 143,297.43 143,297.43 A 410100012 10 0 08/11/2004 119,254.37 119,254.37 A 310100033 14 0 08/11/2004 110,064.76 110,064.76 A 502744001 15 0 08/11/2004 81,852.13 81,852.13 A 582000020 20 0 08/11/2004 66,711.31 66,711.31 A 502743019 21 0 08/11/2004 69,015.93 69,015.93 A 310100041 24 0 08/11/2004 47,565.56 47,565.56 A 502751708 25 0 08/11/2004 59,749.05 59,749.05 A 310100007 27 0 08/11/2004 60,060.75 60,060.75 A 310100030 30 0 08/11/2004 57,661.06 57,661.06 A 310100021 32 0 08/11/2004 53,447.03 53,447.03 A 502751009 33 0 08/11/2004 52,481.62 52,481.62 A 582000034 34 0 08/11/2004 51,648.79 51,648.79 A 310100024 35 0 08/11/2004 48,231.30 48,231.30 A 310100040 36 0 08/11/2004 39,333.06 39,333.06 A 310100032 37 0 08/11/2004 46,221.30 46,221.30 A 310100025 38 0 08/11/2004 43,684.98 43,684.98 A 502750015 39 0 08/11/2004 46,581.53 46,581.53 A 310100027 41 0 08/11/2004 40,436.00 40,436.00 A 502752321 42 0 08/11/2004 36,254.43 36,254.43 A 682000043 43 0 08/11/2004 40,072.51 40,072.51 A 502758020 44 0 08/11/2004 47,695.10 47,695.10 A 502742430 46 0 08/11/2004 47,765.82 47,765.82 A 502744604 47 0 08/11/2004 39,387.03 39,387.03 A 502747902 49 0 08/11/2004 38,639.29 38,639.29 A 582000050 50 0 08/11/2004 35,351.30 35,351.30 A 310100028 51 0 08/11/2004 34,625.87 34,625.87 A 310100031 53 0 08/11/2004 34,342.42 34,342.42 A 502748510 54 0 08/11/2004 33,920.10 33,920.10 A 502748213 55 0 08/11/2004 34,531.17 34,531.17 A 310100008 59 0 08/11/2004 32,310.61 32,310.61 A 582000062 62 0 08/11/2004 32,490.18 32,490.18 A 502749325 64 0 08/11/2004 27,334.19 27,334.19 A 502748502 67 0 08/11/2004 25,601.67 25,601.67 A 502748709 68 0 08/11/2004 25,796.05 25,796.05 A 502744302 69 0 08/11/2004 26,430.83 26,430.83 A 502754319 72 0 08/11/2004 23,851.14 23,851.14 A 502753401 73 0 08/11/2004 23,851.14 23,851.14 A 502751306 74 0 08/11/2004 24,057.48 24,057.48 A 502743602 76 0 08/11/2004 24,781.33 24,781.33 A 502753403 79 0 08/11/2004 21,167.88 21,167.88 A 310100026 80 0 08/11/2004 19,795.81 19,795.81 A 310100006 82 0 08/11/2004 23,518.67 23,518.67 A 502751771 84 0 08/11/2004 19,229.98 19,229.98 A 410100011 87 0 08/11/2004 19,086.29 19,086.29 A 582000089 89 0 08/11/2004 18,828.52 18,828.52 A 582000091 91 0 08/11/2004 18,259.58 18,259.58 A 582000092 92 0 08/11/2004 18,206.69 18,206.69 A 502742420 93 0 08/11/2004 22,242.10 22,242.10 A 582000096 96 0 08/11/2004 17,504.74 17,504.74 A 310100018 97 0 08/11/2004 17,969.50 17,969.50 A 582000098 98 0 08/11/2004 17,837.48 17,837.48 A 582000101 101 0 08/11/2004 17,292.09 17,292.09 A 502750208 102 0 08/11/2004 17,228.48 17,228.48 A 502742414 103 0 08/11/2004 20,054.34 20,054.34 A 310100010 104 0 08/11/2004 18,137.24 18,137.24 A 502746701 105 0 08/11/2004 16,028.16 16,028.16 A 310100017 106 0 08/11/2004 15,989.32 15,989.32 A 502750309 107 0 08/11/2004 13,438.33 13,438.33 A 502746826 109 0 08/11/2004 14,668.46 14,668.46 A 502747320 110 0 08/11/2004 14,817.34 14,817.34 A 582000111 111 0 08/11/2004 14,935.91 14,935.91 A 502744605 113 0 08/11/2004 14,011.47 14,011.47 A 582000114 114 0 08/11/2004 14,899.38 14,899.38 A 582000116 116 0 08/11/2004 17,381.69 17,381.69 A 310100020 117 0 08/11/2004 13,118.02 13,118.02 A 582000118 118 0 08/11/2004 12,419.52 12,419.52 A 310100003 123 0 08/11/2004 10,445.53 10,445.53 A 582000125 125 0 08/11/2004 14,794.56 14,794.56 A 502742418 126 0 08/11/2004 12,761.85 12,761.85 A 310100044 128 0 08/11/2004 7,147.63 7,147.63 A Totals 75 3,170,746.52 3,170,746.52
Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date 502737617 48,019,629.82 0.00 502746711 30,812,964.02 0.00 502755016 25,000,000.00 0.00 502745113 23,521,107.59 0.00 502742421 19,157,927.47 0.00 410100012 17,775,993.64 0.00 310100033 15,118,354.01 0.00 502744001 14,318,239.64 0.00 582000020 11,465,358.75 0.00 502743019 11,337,803.73 0.00 310100041 10,400,000.00 0.00 502751708 10,033,521.70 0.00 310100007 9,960,232.08 0.00 310100030 9,784,724.72 0.00 310100021 8,974,630.97 0.00 502751009 8,678,908.99 0.00 582000034 8,601,004.63 0.00 310100024 8,445,762.57 0.00 310100040 8,600,000.00 0.00 310100032 7,843,466.76 0.00 310100025 7,649,657.63 0.00 502750015 7,660,975.86 0.00 310100027 7,080,731.55 0.00 502752321 7,220,000.00 0.00 682000043 7,020,848.43 0.00 502758020 6,828,220.71 0.00 502742430 6,385,975.76 0.00 502744604 6,384,009.60 0.00 502747902 6,347,588.49 0.00 582000050 6,075,660.12 0.00 310100028 6,063,323.04 0.00 310100031 5,827,695.72 0.00 502748510 5,783,482.23 0.00 502748213 5,649,822.74 0.00 310100008 5,073,026.22 0.00 582000062 4,889,698.96 0.00 502749325 4,604,634.07 0.00 502748502 4,404,830.42 0.00 502748709 4,265,904.38 0.00 502744302 4,236,542.29 0.00 502754319 3,926,320.48 0.00 502753401 3,926,320.48 0.00 502751306 3,919,630.62 0.00 502743602 3,792,174.61 0.00 502753403 3,484,609.47 0.00 310100026 3,466,434.70 0.00 310100006 3,407,438.99 0.00 502751771 3,165,595.96 0.00 410100011 3,121,386.66 0.00 582000089 3,131,958.04 0.00 582000091 3,088,745.45 0.00 582000092 3,038,272.59 0.00 502742420 2,973,622.23 0.00 582000096 2,936,086.49 0.00 310100018 2,918,938.14 0.00 582000098 2,897,133.81 0.00 582000101 2,846,582.27 0.00 502750208 2,824,676.54 0.00 502742414 2,681,134.89 0.00 310100010 2,662,635.10 0.00 502746701 2,633,073.66 0.00 310100017 2,599,955.72 0.00 502750309 2,640,000.00 0.00 502746826 2,414,687.15 0.00 502747320 2,375,040.59 0.00 582000111 2,284,848.30 0.00 502744605 2,259,392.02 0.00 582000114 2,238,272.81 0.00 582000116 2,129,011.72 0.00 310100020 2,159,477.62 0.00 582000118 2,155,062.33 0.00 310100003 1,763,324.33 0.00 582000125 1,631,088.98 0.00 502742418 1,706,176.75 0.00 310100044 1,177,849.67 0.00 Totals 523,679,218.48 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 (75 loans) 3,170,746.52 3,170,746.52 523,679,218.48 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-----