-----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, SZI5F2OMX5RMSvlzSeabvAq7V6HwXf0+jN0aEZeDRCIMAHZuYAkA80E3r2MZ6HKF F9ej/iaicYCQ6dO9aHtUZQ== 0001056404-03-001024.txt : 20030624 0001056404-03-001024.hdr.sgml : 20030624 20030624090831 ACCESSION NUMBER: 0001056404-03-001024 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030625 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030624 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN STANLEY DEAN WITTER CAP I INC DEP FOR SER 2003 HQ2 CENTRAL INDEX KEY: 0001222673 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133291626 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-83986-17 FILM NUMBER: 03754214 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY STREET 2: 2ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2127614000 8-K 1 mdc03hq2.txt JUNE 8K SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 Date of Report : June 12, 2003 (Date of earliest event reported) Commission File No.: 333-83986-17 Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates, Series 2003-HQ2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) Pending (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 June 12, 2003 a distribution was made to holders of Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates, Series 2003-HQ2. 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-HQ2 relating to the June 12, 2003 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. Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2003-HQ2 By: Wells Fargo Bank Minnesota, N.A., as Paying Agent By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: June 12, 2003 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates Series 2003-HQ2, relating to the June 12, 2003 distribution. Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045 Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2003-HQ2 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 06/12/2003 Record Date: 05/30/2003 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 - 12 Principal Prepayment Detail 13 Historical Detail 14 Delinquency Loan Detail 15 Specially Serviced Loan Detail 16 - 17 Modified Loan Detail 18 Liquidated Loan Detail 19 Depositor Morgan Stanley Dean Witter Capital I Inc. 1585 Broadway New York, NY 10036 Contact: General Information Number Phone Number : (212) 761-4700 Master Servicer Wells Fargo Bank, National Association 45 Fremont Street, 2nd Floor San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (415) 222-2364 Special Servicer Wells Fargo Bank, National Association 45 Fremont Street, 2nd Floor San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (415) 222-2364 This report has been compiled from information provided to Wells Fargo Bank MN, N.A. by various third parties, which may include the 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 61746WD31 4.180000% 248,633,000.00 247,399,323.14 594,013.96 A-2 61746WD49 4.920000% 522,232,000.00 522,232,000.00 0.00 B 61746WD56 5.040000% 39,591,000.00 39,591,000.00 0.00 C 61746WD64 5.150000% 41,920,000.00 41,920,000.00 0.00 D 61746WD72 5.240000% 9,316,000.00 9,316,000.00 0.00 E 61746WE22 5.680000% 9,315,000.00 9,315,000.00 0.00 F 61746WE30 6.007935% 10,480,000.00 10,480,000.00 0.00 G 61746WE48 6.497935% 8,151,000.00 8,151,000.00 0.00 H 61746WE55 6.030000% 13,974,000.00 13,974,000.00 0.00 J 61746WE63 6.030000% 5,822,000.00 5,822,000.00 0.00 K 61746WE71 6.030000% 2,329,000.00 2,329,000.00 0.00 L 61746WE89 6.030000% 2,329,000.00 2,329,000.00 0.00 M 61746WE97 6.030000% 4,658,000.00 4,658,000.00 0.00 N 61746WF21 6.030000% 2,329,000.00 2,329,000.00 0.00 O 61746WF39 6.030000% 10,480,154.96 10,480,154.96 0.00 R-I N/A 0.000000% 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 R-III N/A 0.000000% 0.00 0.00 0.00 931,559,154.96 930,325,478.10 594,013.96
Class CUSIP Interest Prepayment Realized Loss/ Total Current Distribution Penalties Additional Trust Distribution Ending Balance Subordination Fund Expenses Level(1) A-1 61746WD31 861,774.31 0.00 0.00 1,455,788.27 246,805,309.18 17.28% A-2 61746WD49 2,141,151.20 0.00 0.00 2,141,151.20 522,232,000.00 17.28% B 61746WD56 166,282.20 0.00 0.00 166,282.20 39,591,000.00 13.03% C 61746WD64 179,906.67 0.00 0.00 179,906.67 41,920,000.00 8.52% D 61746WD72 40,679.87 0.00 0.00 40,679.87 9,316,000.00 7.51% E 61746WE22 44,091.00 0.00 0.00 44,091.00 9,315,000.00 6.51% F 61746WE30 52,469.30 0.00 0.00 52,469.30 10,480,000.00 5.39% G 61746WE48 44,137.22 0.00 0.00 44,137.22 8,151,000.00 4.51% H 61746WE55 70,219.35 0.00 0.00 70,219.35 13,974,000.00 3.01% J 61746WE63 29,255.55 0.00 0.00 29,255.55 5,822,000.00 2.38% K 61746WE71 11,703.23 0.00 0.00 11,703.23 2,329,000.00 2.13% L 61746WE89 11,703.23 0.00 0.00 11,703.23 2,329,000.00 1.88% M 61746WE97 23,406.45 0.00 0.00 23,406.45 4,658,000.00 1.38% N 61746WF21 11,703.23 0.00 0.00 11,703.23 2,329,000.00 1.13% O 61746WF39 52,662.78 0.00 0.00 52,662.78 10,480,154.96 0.00% R-I N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-II N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-III N/A 0.00 0.00 0.00 0.00 0.00 0.00% 3,741,145.59 0.00 0.00 4,335,159.55 929,731,464.14
Original Beginning Pass-Through Notional Notional Class CUSIP Rate Amount Amount X-1 61746WD80 0.055879% 931,559,154.96 930,325,478.10 X-2 61746WD98 1.754621% 904,790,000.00 904,790,000.00
Ending Interest Prepayment Total Notional Class CUSIP Distribution Penalties Distribution Amount X-1 61746WD80 43,321.59 0.00 43,321.59 929,731,464.14 X-2 61746WD98 1,322,969.28 0.00 1,322,969.28 904,790,000.00 (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 Prepayment Realized Loss/ Ending Beginning Principal Interest Penalties Additional Trust Balance Class CUSIP Balance Distribution Distribution Fund Expenses A-1 61746WD31 995.03816123 2.38911955 3.46604960 0.00000000 0.00000000 992.64904168 A-2 61746WD49 1,000.00000000 0.00000000 4.10000000 0.00000000 0.00000000 1,000.00000000 B 61746WD56 1,000.00000000 0.00000000 4.20000000 0.00000000 0.00000000 1,000.00000000 C 61746WD64 1,000.00000000 0.00000000 4.29166675 0.00000000 0.00000000 1,000.00000000 D 61746WD72 1,000.00000000 0.00000000 4.36666702 0.00000000 0.00000000 1,000.00000000 E 61746WE22 1,000.00000000 0.00000000 4.73333333 0.00000000 0.00000000 1,000.00000000 F 61746WE30 1,000.00000000 0.00000000 5.00661260 0.00000000 0.00000000 1,000.00000000 G 61746WE48 1,000.00000000 0.00000000 5.41494541 0.00000000 0.00000000 1,000.00000000 H 61746WE55 1,000.00000000 0.00000000 5.02500000 0.00000000 0.00000000 1,000.00000000 J 61746WE63 1,000.00000000 0.00000000 5.02500000 0.00000000 0.00000000 1,000.00000000 K 61746WE71 1,000.00000000 0.00000000 5.02500215 0.00000000 0.00000000 1,000.00000000 L 61746WE89 1,000.00000000 0.00000000 5.02500215 0.00000000 0.00000000 1,000.00000000 M 61746WE97 1,000.00000000 0.00000000 5.02500000 0.00000000 0.00000000 1,000.00000000 N 61746WF21 1,000.00000000 0.00000000 5.02500215 0.00000000 0.00000000 1,000.00000000 O 61746WF39 1,000.00000000 0.00000000 5.02500013 0.00000000 0.00000000 1,000.00000000 R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Beginnning Ending Notional Interest Prepayment Notional Class CUSIP Amount Distribution Penalties Amount X-1 61746WD80 998.67568597 0.04650439 0.00000000 998.03803032 X-2 61746WD98 1,000.00000000 1.46218380 0.00000000 1,000.00000000
Reconciliation Detail Advance Summary P & I Advances Outstanding 2,350,456.01 Servicing Advances Outstanding 0.00 Reimbursement for Interest on Advances 0.00 paid from general collections
Servicing Fee Summary Current Period Accrued Servicing Fees 28,502.33 Less Delinquent Servicing Fees 13,592.05 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 13,423.01 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 28,333.29
Certificate Interest Reconciliation Class Accrued Net Aggregate Previously Distributable Distributable Certificate Prepayment Realized Unpaid Interest Certificate Certificate Remaining Interest Interest Losses/ (including Interest Interest Interest Unpaid Shortfall Expense Losses interest thereon) Adjustment Distribution Interest A-1 861,774.31 0.00 0.00 0.00 861,774.31 0.00 861,774.31 0.00 A-2 2,141,151.20 0.00 0.00 0.00 2,141,151.20 0.00 2,141,151.20 0.00 X-1 43,321.59 0.00 0.00 0.00 43,321.59 0.00 43,321.59 0.00 X-2 1,322,969.28 0.00 0.00 0.00 1,322,969.28 0.00 1,322,969.28 0.00 B 166,282.20 0.00 0.00 0.00 166,282.20 0.00 166,282.20 0.00 C 179,906.67 0.00 0.00 0.00 179,906.67 0.00 179,906.67 0.00 D 40,679.87 0.00 0.00 0.00 40,679.87 0.00 40,679.87 0.00 E 44,091.00 0.00 0.00 0.00 44,091.00 0.00 44,091.00 0.00 F 52,469.30 0.00 0.00 0.00 52,469.30 0.00 52,469.30 0.00 G 44,137.22 0.00 0.00 0.00 44,137.22 0.00 44,137.22 0.00 H 70,219.35 0.00 0.00 0.00 70,219.35 0.00 70,219.35 0.00 J 29,255.55 0.00 0.00 0.00 29,255.55 0.00 29,255.55 0.00 K 11,703.23 0.00 0.00 0.00 11,703.23 0.00 11,703.23 0.00 L 11,703.23 0.00 0.00 0.00 11,703.23 0.00 11,703.23 0.00 M 23,406.45 0.00 0.00 0.00 23,406.45 0.00 23,406.45 0.00 N 11,703.23 0.00 0.00 0.00 11,703.23 0.00 11,703.23 0.00 O 52,662.78 0.00 0.00 0.00 52,662.78 0.00 52,662.78 0.00 Total 5,107,436.46 0.00 0.00 0.00 5,107,436.46 0.00 5,107,436.46 0.00
Other Required Information Available Distribution Amount (1) 5,701,450.42 Principal Distribution Amount 594,013.96 (a) Principal portion of Scheduled Payments 594,013.96 and any Assumed Scheduled Payments (b) Principal Prepayments 0.00 (c) Principal Portion of Balloon Payments 0.00 (d) Liquidation, Condemnation, Purchase, 0.00 and Insurance Proceeds and REO Income Received on a Mortgage Loan Aggregate Number of Outstanding Mortgage Loans 55 Aggregate Unpaid Principal Balance of the Mortgage Loans 929,827,164.07 Aggregate Scheduled Principal Balance of the Mortgage Loans 929,731,464.14 Interest Reserve Account Deposits 0.00 Withdrawals 0.00 Total Servicing and Special Servicing Fee Paid 28,333.29 Servicing Fee paid 28,333.29 Special Servicing Fee paid 0.00 Trustee Fee Paid 669.43 Paying Agent Fee Paid 1,322.93 (1) The Available Distribution Amount includes any Prepayment Premiums.
Expense Losses (Additional Trust Fund Expenses) 0.00 (i) Special Servicing and Liquidation Fees 0.00 (ii) Advance Interest 0.00 (iii) Indemnification Expenses 0.00 (iv) Taxes Imposed on the Trust 0.00 (v) Amount of any Advance not Recovered 0.00 upon a Final Recovery Determination
Appraisal Reductions Appraisal Cumulative Date Appraisal Loan Reduction ASER Reduction Number Amount Amount Effected None Total
Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 5,137,931.10 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 5,137,931.10 Principal: Scheduled Principal 594,013.96 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 594,013.96 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 5,731,945.06 Total Funds Distributed Fees: Master Servicing Fee 28,502.33 Trustee Fee 669.43 Certificate Administration Fee 1,322.93 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 30,494.69 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 5,107,436.46 Principal Distribution 594,013.96 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 5,701,450.42 Total Funds Distributed 5,731,945.11
Ratings Detail Original Ratings Current Ratings(1) Class Cusip Fitch Moody's S&P Fitch Moody's S&P A-1 61746WD31 AAA Aaa AAA AAA Aaa AAA A-2 61746WD49 AAA Aaa AAA AAA Aaa AAA X-1 61746WD80 AAA Aaa AAA AAA Aaa AAA X-2 61746WD98 AAA Aaa AAA AAA Aaa AAA B 61746WD56 AA Aa2 AA AA Aa2 AA C 61746WD64 A A2 A A A2 A D 61746WD72 A- A3 A- A- A3 A- E 61746WE22 BBB+ Baa1 BBB+ BBB+ Baa1 BBB+ F 61746WE30 BBB Baa2 BBB BBB Baa2 BBB G 61746WE48 BBB- Baa3 BBB- BBB- Baa3 BBB- H 61746WE55 BB+ Ba1 BB+ BB+ Ba1 BB+ J 61746WE63 NR Ba2 BB NR Ba2 BB K 61746WE71 NR Ba3 NR NR Ba3 NR L 61746WE89 NR B1 B+ NR B1 B+ M 61746WE97 NR B2 B NR B2 B N 61746WF21 NR B3 B- NR B3 B- O 61746WF39 NR NR NR NR NR NR
NR - Designates that the class was not rated by the above agency at the time of original issuance. X - Designates that the above rating agency did not rate any classes in this transaction at the time of original issuance. N/A - Data not available this period. 1) For any class not rated at the time of original issuance by any particular rating agency, no request has been made subsequent to issuance to obtain rating information, if any, from such rating agency. The current ratings were obtained directly from the applicable rating agency within 30 days of the payment date listed above. The ratings may have changed since they were obtained. Because the ratings may have changed, you may want to obtain current ratings directly from the rating agencies. Fitch, Inc. One State Street Plaza New York, New York 10004 (212) 908-0500 Moody's Investors Service 99 Church Street New York, New York 10007 (212) 553-0300 Standard & Poor's Rating Services 55 Water Street New York, New York 10041 (212) 438-2430
Current Mortgage Loan and Property Stratification Tables Scheduled Balance % Of Scheduled # of Scheduled Agg. WAM Weighted Balance Loans Balance Bal. (2) WAC Avg DSCR(1) Below 2,500,000 3 6,365,160.98 0.68 114 6.1528 1.580448 2,500,001 to 3,000,000 4 11,455,898.39 1.23 116 6.0113 1.477885 3,000,001 to 4,000,000 6 20,754,486.67 2.23 116 6.0068 1.422625 4,000,001 to 5,000,000 2 9,219,129.42 0.99 112 6.3438 1.535165 5,000,001 to 7,500,000 13 83,005,441.46 8.93 117 6.0769 1.465792 7,500,001 to 10,000,000 6 53,423,429.51 5.75 103 6.4132 1.426898 10,000,001 to 15,000,000 2 23,910,668.28 2.57 114 5.9412 1.379093 15,000,001 to 20,000,000 7 122,600,932.86 13.19 102 6.1538 1.670494 20,000,001 to 30,000,000 5 122,691,160.25 13.20 113 6.3552 1.712239 30,000,001 to 40,000,000 1 35,000,000.00 3.76 115 6.8527 1.930000 40,000,001 to 50,000,000 3 135,005,038.64 14.52 83 7.4051 1.324980 50,000,001 to 75,000,000 0 0.00 0.00 0 0.0000 0.000000 75,000,001 to 100,000,000 2 176,300,117.68 18.96 114 5.9498 1.784498 100,000,001 and greater 1 130,000,000.00 13.98 115 6.8527 1.930000 Totals 55 929,731,464.14 100.00 108 6.4468 1.643872
State(3) # of Scheduled % of Weighted State Props. Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Arizona 5 40,355,545.79 4.34 116 5.9364 1.496337 California 8 58,923,958.13 6.34 116 5.8539 1.503434 Colorado 4 10,972,280.25 1.18 108 7.1645 1.329384 Florida 5 35,843,918.22 3.86 111 6.7630 1.397539 Georgia 1 597,129.82 0.06 115 6.0800 1.650000 Idaho 1 2,536,963.13 0.27 107 7.3500 1.350000 Illinois 3 100,089,332.70 10.77 112 5.2903 1.818982 Indiana 1 57,498,311.17 6.18 19 6.8100 1.270000 Kansas 2 2,523,800.00 0.27 107 7.3500 1.350000 Maryland 1 9,158,340.44 0.99 46 7.9500 1.310000 Massachusetts 9 31,979,707.08 3.44 113 7.4821 1.416581 Missouri 1 3,281,151.90 0.35 114 6.0000 1.360000 New Jersey 4 12,985,434.63 1.40 115 6.0984 1.493505 New York 5 268,289,361.72 28.86 114 6.5844 1.898845 North Carolina 2 11,942,596.45 1.28 115 6.0800 1.650000 Oklahoma 1 5,268,218.38 0.57 107 7.3500 1.350000 Oregon 4 18,565,437.41 2.00 116 5.8703 1.785817 Pennsylvania 7 28,626,333.62 3.08 115 6.0923 1.715710 Texas 10 146,490,345.90 15.76 115 6.4636 1.617765 Utah 1 17,305,949.30 1.86 114 6.2600 1.390000 Washington 2 18,309,255.21 1.97 115 6.2552 1.421040 Washington,DC 2 45,891,256.94 4.94 117 6.5000 1.350000 Wyoming 2 2,410,744.82 0.26 107 7.3500 1.350000 Totals 81 929,731,464.14 100.00 108 6.4468 1.643872
Debt Service Coverage Ratio(1) Debt Service # of Scheduled % of Weighted Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 1.20 or less 0 0.00 0.00 0 0.0000 0.000000 1.21 to 1.30 5 81,083,836.03 8.72 47 7.4036 1.275920 1.31 to 1.40 15 218,379,694.21 23.49 110 6.7173 1.363093 1.41 to 1.50 13 101,681,874.54 10.94 116 5.9676 1.445735 1.51 to 1.60 8 38,592,757.81 4.15 115 6.2629 1.544201 1.61 to 1.70 5 145,656,821.53 15.67 116 6.4124 1.672274 1.71 to 1.80 2 9,850,572.28 1.06 115 6.0650 1.797785 1.81 to 1.90 1 83,300,117.68 8.96 112 5.1200 1.890000 1.91 to 2.00 2 165,000,000.00 17.75 115 6.8527 1.930000 2.01 and greater 4 86,185,790.06 9.27 113 6.1163 2.128617 Totals 55 929,731,464.14 100.00 108 6.4468 1.643872
Property Type (3) Property # of Scheduled % of Weighted Type Props Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Industrial 14 90,172,142.61 9.70 115 6.0740 1.752877 Mixed Use 3 51,376,485.89 5.53 117 6.4434 1.358541 Mobile Home Park 13 46,890,292.98 5.04 107 7.3500 1.350000 Multi-Family 3 15,446,280.48 1.66 115 5.9349 1.318428 Office 16 291,276,024.58 31.33 112 6.6030 1.876200 Retail 30 431,840,184.92 46.45 101 6.1813 1.542487 Self Storage 2 2,843,961.55 0.31 117 6.2100 1.540000 Totals 81 929,731,464.14 100.00 108 6.4468 1.643872
Note Rate Note # of Scheduled % of Weighted Rate Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) less than 5.500% 2 100,265,411.85 10.78 113 5.1843 1.815550 5.501% to 6.000% 25 201,453,592.13 21.67 116 5.8806 1.552677 6.001% to 6.500% 17 216,066,458.50 23.24 114 6.2627 1.624037 6.501% to 7.000% 6 280,104,487.45 30.13 110 6.7948 1.806872 7.001% to 7.500% 2 53,566,248.97 5.76 108 7.3625 1.377419 7.501% to 8.000% 2 36,051,776.52 3.88 92 7.8157 1.362218 8.001% or greater 1 42,223,488.72 4.54 19 8.4500 1.270000 Totals 55 929,731,464.14 100.00 108 6.4468 1.643872
Seasoning # of Scheduled % of Weighted Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 12 months or less 52 863,188,721.40 92.84 114 6.3265 1.672269 13 to 24 months 1 9,158,340.44 0.99 46 7.9500 1.310000 25 to 36 months 0 0.00 0.00 0 0.0000 0.000000 37 to 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months and greater 2 57,384,402.30 6.17 19 8.0167 1.270000 Totals 55 929,731,464.14 100.00 108 6.4468 1.643872
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 3 66,542,742.74 7.16 23 8.0075 1.275505 61 to 120 months 51 858,102,450.40 92.30 114 6.3287 1.672638 121 months and greater 1 5,086,271.00 0.55 141 5.9600 1.610000 Totals 55 929,731,464.14 100.00 108 6.4468 1.643872
Remaining Amortization Term (ARD and Balloon Loans) Remaining # of Scheduled % of Weighted Amortization 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 180 months 0 0.00 0.00 0 0.0000 0.000000 181 to 240 months 2 57,384,402.30 6.17 19 8.0167 1.270000 241 to 300 months 6 276,327,449.88 29.72 115 6.7475 1.813928 301 months and greater 47 596,019,611.96 64.11 113 6.1563 1.601026 Totals 55 929,731,464.14 100.00 108 6.4468 1.643872
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 55 929,731,464.14 100.00 108 6.4468 1.643872 1 year or less 0 0.00 0.00 0 0.0000 0.000000 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 55 929,731,464.14 100.00 108 6.4468 1.643872 (1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrower on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is used. The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. (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 each property as disclosed in the offering document. Note: (i) An ARD Loan constitutes a "Hyper-Amortization Loan" as defined in the offering document.
Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type(1) City State Payment Payment Coupon 700201020 1 OF New York NY 767,121.69 0.00 6.853% 700201024 1A 206,532.76 0.00 6.853% 700201082 2 RT Katy TX 535,997.75 0.00 6.693% 700201038 3 RT Oak Brook IL 355,845.90 101,264.77 5.120% 700200911 4 OF New York NY 108,984.38 0.00 6.250% 700200926 4A 103,602.43 0.00 6.250% 700200927 4B 103,602.43 0.00 6.250% 700200630 5 RT Lafayette IN 86,141.88 18,272.75 6.810% 700201083 5A 297,952.78 89,332.72 8.450% 600872125 6 18 MH Various Various 296,959.08 28,849.92 7.350% 700201045 19 20 MU Washington DC 257,052.18 33,699.11 6.500% 700201002 21 23 IN Various Various 137,857.38 24,320.07 5.830% 700201005 24 25 IN Various Various 136,742.77 24,265.40 5.830% 700201084 26 33 RT Various MA 180,036.42 14,485.96 7.770% 700201059 34 RT Scottsdale AZ 86,207.02 14,193.67 5.970% 700201060 35 OF Scottsdale AZ 36,945.87 6,083.00 5.970% 700200992 36 RT Brewster NY 108,245.63 17,795.03 6.010% 700201003 37 41 IN Various Various 93,867.61 14,979.03 6.080% 700200944 42 RT Riverdale UT 93,363.53 13,884.46 6.260% 700201070 43 RT Brooklyn NY 80,425.76 16,098.37 5.500% 700200996 44 RT Yorba Linda CA 64,907.49 11,228.34 5.890% 700200935 45 RT Vernon Hills IL 57,526.50 9,623.16 6.000% 600872126 46 RT Aberdeen WA 51,933.44 8,343.45 6.050% 700200946 47 MF Dallas TX 46,746.65 12,279.50 5.910% 700200782 48 OF Columbia MD 60,719.27 6,831.81 7.950% 600872127 49 RT Miami FL 48,307.12 7,437.26 6.150% 600872128 50 OF Seattle WA 46,766.83 6,326.88 6.500% 600872129 51 OF Encino CA 38,795.17 6,728.64 5.870% 700201076 52 RT Sonora CA 38,453.05 6,320.55 5.960% 700200970 53 OF Agoura Hills CA 35,653.24 7,166.51 5.550% 700201011 54 RT Irving TX 36,244.63 6,541.87 5.790% 700200947 55 RT Chino CA 36,992.52 6,281.03 5.920% 700200964 56 IN New York NY 42,852.27 3,765.92 7.450% 700200965 57 RT Cheltenham Townshi PA 31,310.99 5,222.38 5.990% 600872130 58 RT Scottsdale AZ 29,623.30 5,220.89 5.860% 700201000 59 RT Austin TX 30,663.42 4,893.15 6.080% 700201062 60 63 Various Various PA 30,400.65 7,059.69 6.210% 700200923 64 OF Arlington Heights IL 31,242.97 4,410.87 6.400% 700201061 65 MU Scottsdale AZ 28,222.54 4,646.73 5.970% 700201071 66 OF Newton MA 26,126.04 4,320.01 5.960% 700200864 67 IN Allentown/Upper Mac PA 27,695.08 3,437.63 6.750% 700200948 68 RT Lake Worth TX 22,706.42 3,894.77 5.910% 700201066 69 IN Northvale NJ 20,318.69 3,432.37 5.910% 700200986 70 OF Franklin Township NJ 19,297.27 3,185.87 6.000% 600872131 71 RT San Diego CA 18,882.04 4,314.68 6.300% 700200955 72 MF Columbia MO 16,967.18 2,817.99 6.000% 700201078 73 RT Port St. Lucie FL 16,048.37 2,788.91 5.830% 700200962 74 OF Edison Township NJ 15,938.86 2,647.21 6.000% 700201056 75 MF Fairview OR 15,316.56 2,554.40 5.940% 700201077 76 OF Simi Valley CA 14,308.56 2,819.34 5.550% 700200990 77 RT Portland OR 15,348.01 2,357.17 6.170% 700200952 78 OF Jacksonville FL 14,376.85 1,971.52 6.450% 700201075 79 RT Salem OR 11,790.85 2,274.09 5.600% 700200865 80 IN Branchburg NJ 12,693.58 1,575.58 6.750% 700201001 81 OF Denver CO 9,269.44 1,769.53 6.180% Totals 5,137,931.10 594,013.96
Loan Anticipated Neg Beginning Ending Paid Number Repayment Maturity Amort Scheduled Scheduled Thru Date Date (Y/N) Balance Balance Date 700201020 N/A 01/07/2013 N 130,000,000.00 130,000,000.00 05/07/2003 700201024 N/A 01/07/2013 N 35,000,000.00 35,000,000.00 05/07/2003 700201082 N/A 01/09/2013 N 93,000,000.00 93,000,000.00 05/09/2003 700201038 N/A 10/01/2012 N 83,401,382.45 83,300,117.68 06/01/2003 700200911 N/A 09/01/2012 N 20,250,000.00 20,250,000.00 06/01/2003 700200926 N/A 09/01/2012 N 19,250,000.00 19,250,000.00 06/01/2003 700200927 N/A 09/01/2012 N 19,250,000.00 19,250,000.00 06/01/2003 700200630 N/A 01/01/2005 N 15,179,186.33 15,160,913.58 06/01/2003 700201083 N/A 01/01/2005 N 42,312,821.44 42,223,488.72 06/01/2003 600872125 N/A 05/01/2012 N 46,919,142.90 46,890,292.98 05/01/2003 700201045 N/A 03/01/2013 N 45,924,956.05 45,891,256.94 05/01/2003 700201002 N/A 02/01/2013 N 27,460,110.13 27,435,790.06 06/01/2003 700201005 N/A 01/01/2013 N 27,238,087.95 27,213,822.55 06/01/2003 700201084 N/A 06/01/2012 N 26,907,922.04 26,893,436.08 06/01/2003 700201059 N/A 03/01/2013 N 16,769,074.80 16,754,881.13 06/01/2003 700201060 N/A 03/01/2013 N 7,186,746.34 7,180,663.34 06/01/2003 700200992 N/A 01/01/2013 N 20,915,906.59 20,898,111.56 06/01/2003 700201003 N/A 01/01/2013 N 17,928,873.71 17,913,894.68 06/01/2003 700200944 N/A 12/01/2012 N 17,319,833.76 17,305,949.30 06/01/2003 700201070 N/A 04/01/2013 N 16,981,392.54 16,965,294.17 06/01/2003 700200996 N/A 01/01/2013 N 12,797,358.05 12,786,129.71 06/01/2003 700200935 N/A 11/01/2012 N 11,134,161.73 11,124,538.57 06/01/2003 600872126 N/A 02/01/2013 N 9,968,561.65 9,960,218.20 05/01/2003 700200946 N/A 01/01/2013 N 9,185,521.90 9,173,242.40 06/01/2003 700200782 N/A 04/01/2007 N 9,165,172.25 9,158,340.44 06/01/2003 600872127 N/A 02/01/2013 N 9,121,722.50 9,114,285.24 05/01/2003 600872128 N/A 11/01/2012 N 8,355,363.89 8,349,037.01 05/01/2003 600872129 N/A 02/01/2013 N 7,675,034.86 7,668,306.22 05/01/2003 700201076 N/A 04/01/2013 N 7,492,476.40 7,486,155.85 06/01/2003 700200970 N/A 12/01/2012 N 7,460,138.18 7,452,971.67 06/01/2003 700201011 N/A 01/01/2013 N 7,269,523.78 7,262,981.91 06/01/2003 700200947 N/A 02/01/2013 N 7,256,597.72 7,250,316.69 06/01/2003 700200964 N/A 01/01/2013 N 6,679,721.91 6,675,955.99 06/01/2003 700200965 N/A 12/01/2012 N 6,070,308.67 6,065,086.29 06/01/2003 600872130 N/A 12/01/2012 N 5,870,520.19 5,865,299.30 06/01/2003 700201000 N/A 01/01/2013 N 5,856,765.41 5,851,872.26 06/01/2003 700201062 N/A 03/01/2013 N 5,685,021.45 5,677,961.76 06/01/2003 700200923 N/A 11/01/2012 N 5,669,087.32 5,664,676.45 06/01/2003 700201061 N/A 03/01/2013 N 5,489,875.68 5,485,228.95 06/01/2003 700201071 N/A 03/01/2015 N 5,090,591.01 5,086,271.00 06/01/2003 700200864 N/A 08/01/2012 N 4,764,745.44 4,761,307.81 06/01/2003 700200948 N/A 01/01/2013 N 4,461,716.38 4,457,821.61 06/01/2003 700201066 N/A 03/01/2013 N 3,992,537.83 3,989,105.46 06/01/2003 700200986 N/A 01/01/2013 N 3,734,954.78 3,731,768.91 06/01/2003 600872131 N/A 01/01/2013 N 3,480,560.40 3,476,245.72 05/01/2003 700200955 N/A 12/01/2012 N 3,283,969.89 3,281,151.90 06/01/2003 700201078 N/A 04/01/2013 N 3,196,709.39 3,193,920.48 06/01/2003 700200962 N/A 12/01/2012 N 3,084,941.41 3,082,294.20 06/01/2003 700201056 N/A 03/01/2013 N 2,994,440.58 2,991,886.18 06/01/2003 700201077 N/A 03/01/2013 N 2,993,943.79 2,991,124.45 06/01/2003 700200990 N/A 01/01/2013 N 2,888,735.87 2,886,378.70 06/01/2003 700200952 N/A 12/01/2012 N 2,588,480.58 2,586,509.06 06/01/2003 700201075 N/A 03/01/2013 N 2,445,107.39 2,442,833.30 06/01/2003 700200865 N/A 08/01/2012 N 2,183,841.64 2,182,266.06 06/01/2003 700201001 N/A 01/01/2013 N 1,741,831.15 1,740,061.62 06/01/2003 Totals 930,325,478.10 929,731,464.14 Appraisal Appraisal Res Mod 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 (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 06/12/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 05/12/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 04/14/2003 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 06/12/2003 0 $0.00 0 $0.00 05/12/2003 0 $0.00 0 $0.00 04/14/2003 0 $0.00 0 $0.00
Rate and Maturities Distribution Next Weighted Avg. WAM Date Coupon Remit 06/12/2003 6.446834% 6.408600% 108 05/12/2003 6.446801% 6.408565% 109 04/14/2003 6.446759% 6.408522% 110 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.
Delinquency Loan Detail Offering # of Current Outstanding Status of Loan Number Document Months Paid Through P & I P & I Mortgage Cross-Reference Delinq. Date Advances Advances** Loan (1) 700201020 1 0 05/07/2003 763,763.36 763,763.36 A 700201024 1A 0 05/07/2003 205,628.60 205,628.60 A 700201082 2 0 05/09/2003 533,595.26 533,595.26 A 600872125 6 18 0 05/01/2003 324,475.72 324,475.72 B 700201045 19 20 0 05/01/2003 289,446.26 289,446.26 B 600872126 46 0 05/01/2003 59,135.22 59,135.22 B 600872127 49 0 05/01/2003 54,699.70 54,699.70 B 600872128 50 0 05/01/2003 52,136.80 52,136.80 B 600872129 51 0 05/01/2003 44,776.99 44,776.99 B 600872131 71 0 05/01/2003 22,798.10 22,798.10 B Totals 10 2,350,456.01 2,350,456.01
Resolution Actual Outstanding Loan Number Strategy Servicing Foreclosure Principal Servicing Bankruptcy REO Code (2) Transfer Date Date Balance Advances 700201020 130,000,000.00 0.00 700201024 35,000,000.00 0.00 700201082 93,000,000.00 0.00 600872125 46,919,142.90 0.00 700201045 45,924,956.05 0.00 600872126 9,968,561.65 0.00 600872127 9,121,722.50 0.00 600872128 8,355,363.89 0.00 600872129 7,675,034.86 0.00 600872131 3,480,560.40 0.00 Totals 389,445,342.25 0.00
Totals by Delinquency Code: Current Outstanding Actual Outstanding P&I P & I Principal Servicing Advances Advances Balance Advances Total for Status Code = A (3 loans) 1,502,987.22 1,502,987.22 258,000,000.00 0.00 Total for Status Code = B (7 loans) 847,468.79 847,468.79 131,445,342.25 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 this Period -----END PRIVACY-ENHANCED MESSAGE-----