-----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, SvNNdjyY1HV4XFmNMFsmjfVJMHdZivPKM0zUk/pqSuQftwhCN+tU2GLHSD0DPrNP EADjvZ0Q5peCkm976te2gg== 0001056404-05-000445.txt : 20050126 0001056404-05-000445.hdr.sgml : 20050126 20050126094327 ACCESSION NUMBER: 0001056404-05-000445 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050118 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050126 DATE AS OF CHANGE: 20050126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET SEC CORP LB-UBS COMM MORT TRUST 2004-C2 CENTRAL INDEX KEY: 0001285902 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-111598-02 FILM NUMBER: 05548560 BUSINESS ADDRESS: STREET 1: 745 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 lbu04c02_10501.txt 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: January 18, 2005 (Date of earliest event reported) Commission File No.: 333-111598-02 Lehman Brothers - UBS Commercial Mortgage Pass-Through Certificates Series 2004-C2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2151895 54-2151896 54-2151897 54-6612479 54-6612480 (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 January 18, 2005, a distribution was made to holders of Lehman Brothers - UBS, Commercial Mortgage Pass-Through Certificates, Series 2004-C2. 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 2004-C2, relating to the January 18, 2005 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. Lehman Brothers - UBS Commercial Mortgage Pass-Through Certificates Series 2004-C2 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: January 18, 2005 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2004-C2, relating to the January 18, 2005 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Lehman Brothers - UBS Commercial Mortgage Pass-Through Certificates Series 2004-C2 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: January 18, 2005 Record Date: December 31, 2004 DISTRIBUTION DATE STATEMENT Table of Contents STATEMENT SECTIONS PAGE(s) Certificate Distribution Detail 2 Certificate Factor Detail 3 Reconciliation Detail 4 Other Required Information 5 Cash Reconciliation 6 Ratings Detail 7 Current Mortgage Loan and Property Stratification Tables 8 - 10 Mortgage Loan Detail 11 - 13 Principal Prepayment Detail 14 Historical Detail 15 Delinquency Loan Detail 16 - 17 Specially Serviced Loan Detail 18 - 19 Modified Loan Detail 20 Liquidated Loan Detail 21 Underwriter Lehman Brothers Inc. 3 World Financial Center New York, NY 10285 Contact: Tricia Hall Phone Number: (212) 526-5850 Master Servicer Midland Loan Services, Inc. 10851 Mastin Street, Bldg. 82 Suite 700 Overland Park, KS 66210 Contact: Brad Hauger Phone Number: (913) 253-9000 Special Servicer Midland Loan Services, Inc. 10851 Mastin Street, Bldg. 82 Suite 700 Overland Park, KS 66210 Contact: Brad Hauger Phone Number: (913) 253-9000 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 2005, Wells Fargo Bank, N.A.
Certificate Distribution Detail Class CUSIP Pass-Through Original Beginning Principal Interest Rate Balance Balance Distribution Distribution A-1 52108HZV9 2.946000% 100,000,000.00 95,170,630.53 544,266.82 233,643.90 A-2 52108HZW7 3.246000% 267,000,000.00 267,000,000.00 0.00 722,235.00 A-3 52108HZX5 3.973000% 144,000,000.00 144,000,000.00 0.00 476,760.00 A-4 52108HZY3 4.367000% 558,483,000.00 558,483,000.00 0.00 2,032,412.72 B 52108HZZ0 4.427000% 15,433,000.00 15,433,000.00 0.00 56,934.91 C 52108HA20 4.437000% 13,889,000.00 13,889,000.00 0.00 51,354.58 D 52108HA38 4.457000% 12,346,000.00 12,346,000.00 0.00 45,855.10 E 52108HA46 4.487000% 16,976,000.00 16,976,000.00 0.00 63,476.09 F 52108HA53 4.506000% 13,890,000.00 13,890,000.00 0.00 52,156.95 G 52108HA61 4.595000% 21,605,000.00 21,605,000.00 0.00 82,729.15 H 52108HA79 4.743000% 12,347,000.00 12,347,000.00 0.00 48,801.52 J 52108HA87 4.841000% 10,802,000.00 10,802,000.00 0.00 43,577.07 K 52108HA95 5.102977% 12,347,000.00 12,347,000.00 0.00 52,505.38 L 52108HB29 4.716000% 4,629,000.00 4,629,000.00 0.00 18,191.97 M 52108HB37 4.716000% 4,630,000.00 4,630,000.00 0.00 18,195.90 N 52108HB45 4.716000% 3,087,000.00 3,087,000.00 0.00 12,131.91 P 52108HB52 4.716000% 3,086,000.00 3,086,000.00 0.00 12,127.98 Q 52108HB60 4.716000% 3,087,000.00 3,087,000.00 0.00 12,131.91 S 52108HB78 4.716000% 3,086,000.00 3,086,000.00 0.00 12,127.98 T 52108HB86 4.716000% 13,890,151.28 13,890,151.28 0.00 54,588.31 R-I N/A 0.000000% 0.00 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 0.00 R-III N/A 0.000000% 0.00 0.00 0.00 0.00 V N/A 0.000000% 0.00 0.00 0.00 0.00 Totals 1,234,613,151.28 1,229,783,781.81 544,266.82 4,101,938.33
Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 52108HZV9 0.00 0.00 777,910.72 94,626,363.71 13.43% A-2 52108HZW7 0.00 0.00 722,235.00 267,000,000.00 13.43% A-3 52108HZX5 0.00 0.00 476,760.00 144,000,000.00 13.43% A-4 52108HZY3 0.00 0.00 2,032,412.72 558,483,000.00 13.43% B 52108HZZ0 0.00 0.00 56,934.91 15,433,000.00 12.18% C 52108HA20 0.00 0.00 51,354.58 13,889,000.00 11.05% D 52108HA38 0.00 0.00 45,855.10 12,346,000.00 10.04% E 52108HA46 0.00 0.00 63,476.09 16,976,000.00 8.66% F 52108HA53 0.00 0.00 52,156.95 13,890,000.00 7.53% G 52108HA61 0.00 0.00 82,729.15 21,605,000.00 5.78% H 52108HA79 0.00 0.00 48,801.52 12,347,000.00 4.77% J 52108HA87 0.00 0.00 43,577.07 10,802,000.00 3.89% K 52108HA95 0.00 0.00 52,505.38 12,347,000.00 2.89% L 52108HB29 0.00 0.00 18,191.97 4,629,000.00 2.51% M 52108HB37 0.00 0.00 18,195.90 4,630,000.00 2.13% N 52108HB45 0.00 0.00 12,131.91 3,087,000.00 1.88% P 52108HB52 0.00 0.00 12,127.98 3,086,000.00 1.63% Q 52108HB60 0.00 0.00 12,131.91 3,087,000.00 1.38% S 52108HB78 0.00 0.00 12,127.98 3,086,000.00 1.13% T 52108HB86 0.00 0.00 54,588.31 13,890,151.28 0.00% R-I N/A 0.00 0.00 0.00 0.00 0.00% R-II N/A 0.00 0.00 0.00 0.00 0.00% R-III N/A 0.00 0.00 0.00 0.00 0.00% V N/A 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 4,646,205.15 1,229,239,514.99
Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount X-CL 52108HB94 0.133093% 1,234,613,151.28 1,229,783,781.81 136,396.48 X-CP 52108HC28 1.233218% 1,156,061,000.00 1,156,061,000.00 1,188,062.58
Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount X-CL 52108HB94 0.00 136,396.48 1,229,239,514.99 X-CP 52108HC28 0.00 1,188,062.58 1,156,061,000.00 (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 52108HZV9 951.70630530 5.44266820 2.33643900 0.00000000 0.00000000 946.26363710 A-2 52108HZW7 1,000.00000000 0.00000000 2.70500000 0.00000000 0.00000000 1,000.00000000 A-3 52108HZX5 1,000.00000000 0.00000000 3.31083333 0.00000000 0.00000000 1,000.00000000 A-4 52108HZY3 1,000.00000000 0.00000000 3.63916667 0.00000000 0.00000000 1,000.00000000 B 52108HZZ0 1,000.00000000 0.00000000 3.68916672 0.00000000 0.00000000 1,000.00000000 C 52108HA20 1,000.00000000 0.00000000 3.69750018 0.00000000 0.00000000 1,000.00000000 D 52108HA38 1,000.00000000 0.00000000 3.71416653 0.00000000 0.00000000 1,000.00000000 E 52108HA46 1,000.00000000 0.00000000 3.73916647 0.00000000 0.00000000 1,000.00000000 F 52108HA53 1,000.00000000 0.00000000 3.75500000 0.00000000 0.00000000 1,000.00000000 G 52108HA61 1,000.00000000 0.00000000 3.82916686 0.00000000 0.00000000 1,000.00000000 H 52108HA79 1,000.00000000 0.00000000 3.95250020 0.00000000 0.00000000 1,000.00000000 J 52108HA87 1,000.00000000 0.00000000 4.03416682 0.00000000 0.00000000 1,000.00000000 K 52108HA95 1,000.00000000 0.00000000 4.25248076 0.00000000 0.00000000 1,000.00000000 L 52108HB29 1,000.00000000 0.00000000 3.93000000 0.00000000 0.00000000 1,000.00000000 M 52108HB37 1,000.00000000 0.00000000 3.93000000 0.00000000 0.00000000 1,000.00000000 N 52108HB45 1,000.00000000 0.00000000 3.93000000 0.00000000 0.00000000 1,000.00000000 P 52108HB52 1,000.00000000 0.00000000 3.93000000 0.00000000 0.00000000 1,000.00000000 Q 52108HB60 1,000.00000000 0.00000000 3.93000000 0.00000000 0.00000000 1,000.00000000 S 52108HB78 1,000.00000000 0.00000000 3.93000000 0.00000000 0.00000000 1,000.00000000 T 52108HB86 1,000.00000000 0.00000000 3.93000111 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 V N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Class CUSIP Beginning Interest Prepayment Ending Notional Distribution Penalties Notional Amount Amount X-CL 52108HB94 996.08835410 0.11047710 0.00000000 995.64751413 X-CP 52108HC28 1,000.00000000 1.02768157 0.00000000 1,000.00000000
Reconciliation Detail Advance Summary P & I Advances Outstanding 553,286.11 Servicing Advances Outstanding 22,123.41 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
Servicing Fee Summary Current Period Accrued Master Servicing Fees 37,813.41 Less Master Servicing Fees on Delinquent Payments 6,599.82 Less Reductions to Master Servicing Fees 0.00 Plus Master Servicing Fees for Delinquent Payments Received 2,870.74 Plus Adjustments for Prior Master Servicing Calculation 0.00 Total Master Servicing Fees Collected 34,084.33
Certificate Interest Reconciliation Class Accrued Net Aggregate Distributable Distributable Additional Interest ARD Additional Certificate Prepayment Certificate Certificate Trust Fund Distribution Interest Interest Interest Interest Interest Expenses Shortfall Adjustment A-1 233,643.90 0.00 233,643.90 0.00 0.00 233,643.90 0.00 A-2 722,235.00 0.00 722,235.00 0.00 0.00 722,235.00 0.00 A-3 476,760.00 0.00 476,760.00 0.00 0.00 476,760.00 0.00 A-4 2,032,412.72 0.00 2,032,412.72 0.00 0.00 2,032,412.72 0.00 X-CL 136,396.48 0.00 136,396.48 0.00 0.00 136,396.48 0.00 X-CP 1,188,062.58 0.00 1,188,062.58 0.00 0.00 1,188,062.58 0.00 B 56,934.91 0.00 56,934.91 0.00 0.00 56,934.91 0.00 C 51,354.58 0.00 51,354.58 0.00 0.00 51,354.58 0.00 D 45,855.10 0.00 45,855.10 0.00 0.00 45,855.10 0.00 E 63,476.09 0.00 63,476.09 0.00 0.00 63,476.09 0.00 F 52,156.95 0.00 52,156.95 0.00 0.00 52,156.95 0.00 G 82,729.15 0.00 82,729.15 0.00 0.00 82,729.15 0.00 H 48,801.52 0.00 48,801.52 0.00 0.00 48,801.52 0.00 J 43,577.07 0.00 43,577.07 0.00 0.00 43,577.07 0.00 K 52,505.38 0.00 52,505.38 0.00 0.00 52,505.38 0.00 L 18,191.97 0.00 18,191.97 0.00 0.00 18,191.97 0.00 M 18,195.90 0.00 18,195.90 0.00 0.00 18,195.90 0.00 N 12,131.91 0.00 12,131.91 0.00 0.00 12,131.91 0.00 P 12,127.98 0.00 12,127.98 0.00 0.00 12,127.98 0.00 Q 12,131.91 0.00 12,131.91 0.00 0.00 12,131.91 0.00 S 12,127.98 0.00 12,127.98 0.00 0.00 12,127.98 0.00 T 54,588.29 0.00 54,588.29 0.00 0.00 54,588.31 0.00 Total 5,426,397.37 0.00 5,426,397.37 0.00 0.00 5,426,397.39 0.00
Class Total Unpaid Interest Distributable Distribution Certificate Int. A-1 233,643.90 0.00 A-2 722,235.00 0.00 A-3 476,760.00 0.00 A-4 2,032,412.72 0.00 X-CL 136,396.48 0.00 X-CP 1,188,062.58 0.00 B 56,934.91 0.00 C 51,354.58 0.00 D 45,855.10 0.00 E 63,476.09 0.00 F 52,156.95 0.00 G 82,729.15 0.00 H 48,801.52 0.00 J 43,577.07 0.00 K 52,505.38 0.00 L 18,191.97 0.00 M 18,195.90 0.00 N 12,131.91 0.00 P 12,127.98 0.00 Q 12,131.91 0.00 S 12,127.98 0.00 T 54,588.31 523.97 Total 5,426,397.39 523.97
Other Required Information Available Distribution Amount (1) 5,970,664.21 Aggregate Number of Outstanding Loans 83 Aggregate Unpaid Principal Balance of Loans 1,229,308,974.51 Aggregate Stated Principal Balance of Loans 1,229,239,514.99 Aggregate Amount of Servicing Fee 34,084.33 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 1,947.16 Aggregate Trust Fund Expenses 0.00 Deposit into the Interest Reserve Account 181,004.91 Withdrawal from the Interest Reserve Account 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.
Original Subordination Level Class A-1 13.38% Class H 4.75% Class A-2 13.38% Class J 3.88% Class A-3 13.38% Class K 2.88% Class A-4 13.38% Class L 2.50% Class B 12.13% Class M 2.13% Class C 11.00% Class N 1.88% Class D 10.00% Class P 1.63% Class E 8.63% Class Q 1.38% Class F 7.50% Class S 1.13% Class G 5.75% Class T 0.00% Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 5,647,162.84 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 5,647,162.84 Principal: Scheduled Principal 544,266.82 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 544,266.82 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 6,191,429.66 Total Funds Distributed Fees: Master Servicing Fee 37,813.41 Trustee Fee 1,947.16 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 39,760.57 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 181,004.91 Payments to Certificateholders & Others: Interest Distribution 5,426,397.39 Principal Distribution 544,266.82 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 5,970,664.21 Total Funds Distributed 6,191,429.69
Ratings Detail Class CUSIP Original Ratings Current Ratings (1) Fitch Moody's S & P Fitch Moody's S & P A-1 52108HZV9 X Aaa AAA X Aaa AAA A-2 52108HZW7 X Aaa AAA X Aaa AAA A-3 52108HZX5 X Aaa AAA X Aaa AAA A-4 52108HZY3 X Aaa AAA X Aaa AAA X-CL 52108HB94 X Aaa AAA X Aaa AAA X-CP 52108HC28 X Aaa AAA X Aaa AAA B 52108HZZ0 X Aa1 AA+ X Aa1 AA+ C 52108HA20 X Aa2 AA X Aa2 AA D 52108HA38 X Aa3 AA- X Aa3 AA- E 52108HA46 X A1 A+ X A1 A+ F 52108HA53 X A2 A X A2 A G 52108HA61 X A3 A- X A3 A- H 52108HA79 X Baa1 BBB+ X Baa1 BBB+ J 52108HA87 X Baa2 BBB X Baa2 BBB K 52108HA95 X Baa3 BBB- X Baa3 BBB- L 52108HB29 X Ba1 BB+ X Ba1 BB+ M 52108HB37 X Ba2 BB X Ba2 BB N 52108HB45 X Ba3 BB- X Ba3 BB- P 52108HB52 X B1 B+ X B1 B+ Q 52108HB60 X B2 B X B2 B S 52108HB78 X B3 B- X B3 B- T 52108HB86 X NR NR X NR NR NR - Designates that the class was not rated by the above agency at the time of original issuance. X - Designates that the above rating agency did not rate any classes in this transaction at the time of original issuance. N/A - Data not available this period. 1) For any class not rated at the time of original issuance by any particular rating agency, no request has been made subsequent to issuance to obtain rating information, if any, from such rating agency. The current ratings were obtained directly from the applicable rating agency within 30 days of the payment date listed above. The ratings may have changed since they were obtained. Because the ratings may have changed, you may want to obtain current ratings directly from the rating agencies. Fitch, Inc. One State Street Plaza New York, New York 10004 (212) 908-0500 Moody's Investors Service 99 Church Street New York, New York 10007 (212) 553-0300 Standard & Poor's Rating Services 55 Water Street New York, New York 10041 (212) 438-2430
Current Mortgage Loan and Property Stratification Tables Scheduled Balance Scheduled # of Scheduled % of WAM WAC Weighted Balance Loans Balance Agg. (2) Avg DSCR (1) Bal. Below 2,000,000 12 16,118,592.07 1.31 109 6.0441 1.542682 2,000,001 to 4,000,000 24 71,443,205.24 5.81 104 5.8956 1.531381 4,000,001 to 6,000,000 15 75,318,132.03 6.13 94 5.8043 1.457664 6,000,001 to 8,000,000 5 34,766,223.05 2.83 97 5.7007 1.764505 8,000,001 to 10,000,000 1 8,144,120.46 0.66 48 5.3900 1.400000 10,000,001 to 15,000,000 12 146,985,035.64 11.96 103 5.7211 1.333874 15,000,001 to 20,000,000 2 34,624,602.05 2.82 79 6.2817 1.374923 20,000,001 to 25,000,000 2 44,629,229.18 3.63 113 5.6421 1.435077 25,000,001 to 50,000,000 5 203,010,375.27 16.52 103 5.6240 1.510730 50,000,001 to 75,000,000 1 54,000,000.00 4.39 49 4.6375 1.870000 75,000,001 to 100,000,000 1 77,200,000.00 6.28 110 5.3500 1.320000 100,000,001 to 150,000,000 2 275,500,000.00 22.41 108 5.0565 2.504773 150,000,001 and greater 1 187,500,000.00 15.25 48 4.5325 3.020000 Totals 83 1,229,239,514.99 100.00 93 5.3335 1.944628
State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Arizona 3 20,249,272.58 1.65 96 5.5765 1.233211 California 19 305,007,149.85 24.81 91 5.4404 1.657938 Colorado 3 7,580,957.65 0.62 107 5.9594 1.815326 Connecticut 3 23,628,978.30 1.92 92 5.5386 1.832652 Florida 8 42,443,946.01 3.45 84 5.7111 1.410432 Georgia 2 9,018,721.09 0.73 141 6.2506 1.446298 Illinois 2 78,153,192.38 6.36 108 5.2468 2.400000 Indiana 1 10,250,000.00 0.83 74 5.0500 1.580000 Kentucky 1 5,920,840.69 0.48 71 5.6200 1.730000 Maine 1 2,217,660.76 0.18 110 5.7400 1.750000 Maryland 1 6,146,498.65 0.50 108 6.0800 1.490000 Massachusetts 1 1,678,188.14 0.14 110 6.3900 1.240000 Michigan 2 131,235,390.12 10.68 109 4.8824 2.580616 Nevada 4 22,893,488.97 1.86 82 5.6520 1.354984 New Hampshire 2 1,708,203.94 0.14 110 5.7300 1.440000 New Jersey 4 33,961,737.17 2.76 77 5.9469 1.091284 New York 8 286,954,990.89 23.34 74 5.0084 2.505880 North Carolina 3 4,796,097.14 0.39 109 5.5482 2.432119 Oklahoma 1 3,646,546.33 0.30 109 5.8600 1.220000 Oregon 1 1,335,826.48 0.11 109 5.9500 1.430000 Pennsylvania 5 18,234,655.26 1.48 108 5.4126 2.218064 South Carolina 4 6,265,143.00 0.51 110 5.5334 2.746089 Texas 12 83,401,000.25 6.78 95 5.6262 1.371941 Utah 1 1,274,818.10 0.10 107 5.6100 1.550000 Virginia 4 20,092,104.70 1.63 146 6.3307 1.454626 Washington 3 18,562,518.89 1.51 97 5.3833 1.953230 Washington,DC 1 77,200,000.00 6.28 110 5.3500 1.320000 Wisconsin 1 5,381,587.66 0.44 108 5.2468 2.400000 Totals 101 1,229,239,514.99 100.00 93 5.3335 1.944628
Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. Less than 1.29 18 218,948,995.01 17.81 103 5.8792 1.194158 1.30 to 1.39 17 190,709,760.38 15.51 101 5.5782 1.337317 1.40 to 1.49 14 85,903,113.13 6.99 110 5.8657 1.442247 1.50 to 1.59 10 91,748,678.05 7.46 103 5.8751 1.546599 1.60 to 1.69 2 6,704,988.67 0.55 68 5.5434 1.622777 1.70 to 1.79 12 51,143,804.38 4.16 78 5.3888 1.717109 1.80 to 1.89 2 58,938,743.63 4.79 54 4.7483 1.870000 1.90 and greater 8 525,141,431.74 42.72 87 4.8931 2.664437 Totals 83 1,229,239,514.99 100.00 93 5.3335 1.944628
Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 1 5,059,086.41 0.41 107 6.1600 0.750000 Lodging 1 16,795,229.43 1.37 110 6.7400 1.550000 Mobile Home Park 4 15,336,250.75 1.25 86 5.3436 1.598592 Multi-Family 21 171,144,543.82 13.92 90 5.6092 1.433468 Office 25 505,936,210.62 41.16 83 5.0882 2.277706 Retail 43 500,548,324.11 40.72 103 5.4135 1.831783 Self Storage 6 14,419,869.85 1.17 106 5.9534 1.488911 Totals 101 1,229,239,514.99 100.00 93 5.3335 1.944628
Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 4.750% or Less 3 262,000,000.00 21.31 48 4.5712 2.679695 4.751% to 5.000% 1 125,500,000.00 10.21 109 4.8290 2.630000 5.001% to 5.250% 6 225,811,635.88 18.37 102 5.2033 2.229646 5.251% to 5.500% 7 119,781,794.75 9.74 100 5.3654 1.459976 5.501% to 5.750% 16 173,275,452.80 14.10 103 5.6707 1.413689 5.751% to 6.000% 26 184,109,700.60 14.98 94 5.8605 1.345448 6.001% to 6.250% 15 72,908,526.54 5.93 106 6.0890 1.330445 6.251% to 6.500% 6 41,916,780.55 3.41 160 6.4111 1.292390 6.501% and greater 3 23,935,623.87 1.95 122 6.7090 1.506885 Totals 83 1,229,239,514.99 100.00 93 5.3335 1.944628
Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less 62 1,024,536,919.04 83.35 88 5.2204 2.064281 13 to 24 months 21 204,702,595.95 16.65 116 5.8996 1.345763 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 to 60 months 0 0.00 0.00 0 0.0000 0.000000 60 and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 83 1,229,239,514.99 100.00 93 5.3335 1.944628
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 12 326,622,473.27 26.57 48 4.7591 2.417680 61 to 84 months 6 66,561,196.49 5.41 73 5.6569 1.293890 85 to 120 months 61 789,256,221.28 64.21 108 5.4804 1.844174 121 to 144 months 1 4,747,465.13 0.39 132 6.1300 0.910000 145 months and greater 3 42,052,158.82 3.42 167 6.4375 1.302561 Totals 83 1,229,239,514.99 100.00 93 5.3335 1.944628
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 5 395,030,000.00 32.14 69 4.6694 2.669250 240 months or less 1 2,348,649.93 0.19 110 5.9000 1.560000 241 to 300 months 18 89,668,949.88 7.29 109 6.0591 1.343499 301 to 336 months 1 10,500,000.00 0.85 72 5.7800 1.290000 337 months and greater 58 731,691,915.18 59.52 104 5.5949 1.637711 Totals 83 1,229,239,514.99 100.00 93 5.3335 1.944628
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 54 934,517,463.53 76.02 87 5.2320 2.092104 1 year or less 25 268,754,339.69 21.86 108 5.6022 1.469977 1 to 2 years 4 25,967,711.77 2.11 137 6.2066 1.549724 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 83 1,229,239,514.99 100.00 93 5.3335 1.944628 (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 30238692 1 OF New York NY 731,809.90 0.00 4.533% 30239503 2 OF Various Various 677,710.38 0.00 5.247% 30239188 3 RT Troy MI 521,867.35 0.00 4.829% 30239462 4 OF Washington DC 355,656.11 0.00 5.350% 30239493 5 RT San Bernardino CA 215,643.75 0.00 4.638% 30239499 6 RT Colma CA 230,076.20 46,542.00 5.635% 30239453 7 RT Los Angeles CA 196,214.82 48,527.51 5.115% 30239504 8 MF New York NY 219,983.87 42,338.12 5.740% 30239557 9 RT Torrance CA 181,660.00 30,948.60 5.860% 30239466 10 RT Manahawkin NJ 156,161.74 27,710.58 5.900% 30239474 11 RT Carle Place NY 133,086.53 19,536.91 6.400% 30239495 12 MF Monterey CA 83,850.69 0.00 4.750% 30239464 13 MF San Francisco CA 89,897.53 16,291.84 5.850% 30239496 14 LO San Diego CA 97,592.30 19,755.33 6.740% 30239467 15 RT Sierra Vista AZ 71,372.93 21,638.13 5.600% 30239451 16 OF New York NY 78,835.60 12,645.76 6.160% 30239492 17 MF Spring TX 72,006.11 0.00 5.650% 30239507 18 OF Miami FL 56,487.97 14,175.40 5.110% 30239481 19 RT Manassas VA 71,356.63 10,299.92 6.440% 30239502 20 MF Leon Valley TX 61,237.40 0.00 5.810% 30239508 21 OF Deerfield Beach FL 61,460.09 10,563.14 6.010% 30239498 22 OF Las Vegas NV 55,117.74 10,462.76 5.740% 30239469 23 MF Houston TX 49,528.55 11,623.29 5.310% 30239448 24 OF Westport CT 52,260.83 0.00 5.780% 30239463 25 MH Indianapolis IN 44,573.26 0.00 5.050% 30239500 26 MF San Antonio TX 50,330.74 0.00 5.810% 30239549 27 OF San Antonio TX 37,839.18 8,435.63 5.390% 30239497 28 OF Studio City CA 37,560.76 7,160.11 5.730% 30239445 29 RT Various Various 34,073.25 0.00 5.430% 30239523 30 OF Los Angeles CA 34,564.85 6,273.31 5.880% 30239449 31 MF Houston TX 31,250.38 6,821.66 5.440% 30239479 32 RT Reisterstown MD 32,224.06 8,350.97 6.080% 30239478 33 RT Lexington KY 28,681.84 5,838.61 5.620% 30239485 34 MF Tukwila WA 26,297.79 6,245.69 5.240% 30239487 35 RT Westland MI 29,906.12 5,054.48 6.050% 30239442 36 RT Pasadena CA 27,385.23 5,445.18 5.630% 30239490 37 RT Van Nuys CA 26,562.69 5,018.89 5.770% 30239547 38 MF Colonial Heights VA 26,299.63 7,237.95 5.910% 30239491 39 MF Dallas TX 24,278.09 5,181.72 5.480% 30239473 40 IN Colton CA 26,871.79 6,815.24 6.160% 30239480 41 RT Smyrna GA 28,856.74 3,876.42 6.610% 30239471 42 RT Santa Clarita CA 25,369.72 4,479.34 5.960% 30239484 43 SS Los Angeles CA 25,081.66 4,099.17 6.130% 30239558 44 RT Glendale AZ 19,828.63 4,545.50 5.370% 30239475 45 RT Las Vegas NV 20,184.20 4,284.71 5.520% 30239494 46 RT Las Vegas NV 19,754.09 4,145.78 5.520% 30239441 47 MF Pompano Beach FL 21,469.71 3,563.84 6.125% 30239509 48 OF Atlanta GA 19,726.77 3,717.89 5.790% 30239447 49 RT Van Nuys CA 20,231.34 3,463.61 6.005% 30239470 50 RT Cedar Hill TX 19,164.75 3,412.22 5.940% 30239458 51 RT Weatherford OK 18,417.79 3,350.97 5.860% 30239489 52 RT Pasadena TX 17,863.79 3,305.19 5.820% 30239476 53 RT Fort Myers FL 17,830.79 3,338.19 5.820% 30239468 54 RT Live Oak FL 17,592.82 3,482.74 5.760% 30239562 55 RT Pensacola FL 17,587.72 3,112.80 5.940% 30239486 56 RT Las Vegas NV 16,474.27 3,237.80 5.690% 30239524 57 RT McKinney TX 17,200.35 2,840.14 6.120% 30239530 58 RT Falcon CO 16,490.32 2,911.57 5.960% 30239483 59 RT Olympia WA 16,358.63 2,741.70 6.070% 30239477 60 SS Centennial CO 15,144.07 2,707.66 5.930% 30239446 61 RT Tarzana CA 13,829.02 2,367.53 6.005% 30239460 62 MH Wallingford CT 12,760.76 2,412.13 5.750% 30239501 63 MF San Antonio TX 12,757.79 0.00 5.810% 30239444 64 MH Various NY 13,263.90 3,361.18 6.125% 30239559 65 RT Bakersfield CA 12,209.56 2,243.99 5.850% 30239510 66 SS Houston TX 10,814.69 2,623.40 5.190% 30239560 67 OF Millcreek Township PA 11,958.35 5,097.83 5.900% 30239548 68 MF Delray Beach FL 12,452.67 3,172.34 6.110% 30239461 69 SS Westbrook ME 10,977.04 3,164.26 5.740% 30239465 70 SS Martinsville VA 11,983.02 2,459.89 6.700% 30239488 71 MF Greenville NC 9,968.40 1,942.80 5.710% 30239482 72 RT Cranberry PA 10,226.07 1,764.94 6.000% 30239459 73 MF Manchester NH 8,436.50 1,608.23 5.730% 30239452 74 MF Worcester MA 9,245.87 2,116.08 6.390% 30239450 75 RT Lancaster SC 7,609.25 2,118.04 5.860% 30239525 76 RT Aurora CO 7,304.25 1,257.68 6.020% 30239457 77 MF West Deptford NJ 7,552.96 1,743.79 6.390% 30239526 78 RT Pendleton OR 6,850.40 1,200.19 5.950% 30239472 79 RT Provo UT 6,167.62 1,901.14 5.610% 30239527 80 OF Scottsdale AZ 6,166.74 1,051.03 6.030% 30239456 81 MF Bellmawr NJ 6,249.79 1,442.92 6.390% 30239528 82 RT Tampa FL 4,059.50 711.22 5.950% 30239454 83 MF Burlington NJ 4,115.85 950.24 6.390% Totals 5,647,162.84 544,266.82
Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 30238692 N/A 01/11/2009 N 187,500,000.00 187,500,000.00 01/11/2005 30239503 N/A 01/08/2014 N 150,000,000.00 150,000,000.00 01/08/2005 30239188 N/A 02/11/2014 N 125,500,000.00 125,500,000.00 01/11/2005 30239462 03/11/2014 03/11/2034 N 77,200,000.00 77,200,000.00 01/11/2005 30239493 N/A 02/11/2009 N 54,000,000.00 54,000,000.00 01/11/2005 30239499 N/A 12/10/2013 N 47,415,307.91 47,368,765.91 01/11/2005 30239453 N/A 03/11/2014 N 44,547,873.60 44,499,346.09 01/11/2005 30239504 01/11/2014 01/11/2034 N 44,506,121.21 44,463,783.09 01/11/2005 30239557 N/A 11/11/2013 N 36,000,000.00 35,969,051.40 12/11/2004 30239466 N/A 03/11/2011 N 30,737,139.36 30,709,428.78 01/11/2005 30239474 12/11/2018 12/11/2033 N 24,148,766.09 24,129,229.18 01/11/2005 30239495 N/A 03/11/2009 N 20,500,000.00 20,500,000.00 01/11/2005 30239464 N/A 03/11/2009 N 17,845,664.46 17,829,372.62 01/11/2005 30239496 N/A 03/11/2014 N 16,814,984.76 16,795,229.43 01/11/2005 30239467 N/A 03/11/2014 N 14,800,838.88 14,779,200.75 01/11/2005 30239451 N/A 02/11/2014 N 14,862,177.59 14,849,531.83 01/11/2005 30239492 N/A 02/01/2014 N 14,800,000.00 14,800,000.00 01/01/2005 30239507 N/A 01/11/2009 N 12,837,365.22 12,823,189.82 01/11/2005 30239481 12/11/2018 12/11/2033 N 12,867,354.76 12,857,054.84 01/11/2005 30239502 N/A 12/11/2013 N 12,240,000.00 12,240,000.00 12/11/2004 30239508 N/A 01/11/2014 N 11,875,708.48 11,865,145.34 01/11/2005 30239498 N/A 03/11/2014 N 11,151,166.78 11,140,704.02 01/11/2005 30239469 N/A 10/11/2013 N 10,831,832.33 10,820,209.04 01/11/2005 30239448 N/A 01/11/2011 N 10,500,000.00 10,500,000.00 01/11/2005 30239463 N/A 03/11/2011 N 10,250,000.00 10,250,000.00 01/11/2005 30239500 N/A 12/11/2013 N 10,060,000.00 10,060,000.00 12/11/2004 30239549 N/A 01/11/2009 N 8,152,556.09 8,144,120.46 12/11/2004 30239497 N/A 03/11/2014 N 7,612,381.31 7,605,221.20 01/11/2005 30239445 N/A 03/11/2014 N 7,530,000.00 7,530,000.00 01/11/2005 30239523 N/A 01/11/2014 N 6,826,501.48 6,820,228.17 12/11/2004 30239449 N/A 01/11/2009 N 6,671,096.69 6,664,275.03 01/11/2005 30239479 N/A 01/11/2014 N 6,154,849.62 6,146,498.65 01/11/2005 30239478 N/A 12/11/2010 N 5,926,679.30 5,920,840.69 01/11/2005 30239485 N/A 01/11/2011 N 5,828,123.44 5,821,877.75 01/11/2005 30239487 N/A 01/11/2014 N 5,740,444.60 5,735,390.12 01/11/2005 30239442 N/A 03/11/2014 N 5,648,703.24 5,643,258.06 01/11/2005 30239490 N/A 02/11/2014 N 5,346,099.04 5,341,080.15 01/11/2005 30239547 N/A 01/11/2014 N 5,167,768.17 5,160,530.22 01/11/2005 30239491 N/A 02/01/2014 N 5,144,873.67 5,139,691.95 01/01/2005 30239473 N/A 12/11/2013 N 5,065,901.65 5,059,086.41 01/11/2005 30239480 N/A 12/11/2018 N 5,069,751.22 5,065,874.80 01/11/2005 30239471 N/A 12/11/2013 N 4,943,222.97 4,938,743.63 01/11/2005 30239484 N/A 01/11/2016 N 4,751,564.30 4,747,465.13 01/11/2005 30239558 N/A 10/11/2008 N 4,288,043.77 4,283,498.27 12/11/2004 30239475 N/A 12/11/2008 N 4,246,325.97 4,242,041.26 01/11/2005 30239494 N/A 02/11/2009 N 4,155,840.20 4,151,694.42 01/11/2005 30239441 N/A 11/11/2008 N 4,070,623.01 4,067,059.17 01/11/2005 30239509 N/A 01/11/2014 N 3,956,564.18 3,952,846.29 01/11/2005 30239447 N/A 02/11/2014 N 3,912,482.25 3,909,018.64 01/11/2005 30239470 N/A 12/11/2013 N 3,746,774.53 3,743,362.31 01/11/2005 30239458 N/A 02/11/2014 N 3,649,897.30 3,646,546.33 01/11/2005 30239489 02/11/2014 02/11/2034 N 3,564,441.39 3,561,136.20 01/11/2005 30239476 N/A 12/11/2013 N 3,557,856.71 3,554,518.52 01/11/2005 30239468 N/A 08/11/2013 N 3,546,939.09 3,543,456.35 01/11/2005 30239562 N/A 01/11/2014 N 3,438,458.91 3,435,346.11 01/11/2005 30239486 N/A 01/11/2011 N 3,362,287.07 3,359,049.27 01/11/2005 30239524 N/A 12/11/2013 N 3,263,823.18 3,260,983.04 12/11/2004 30239530 N/A 12/11/2013 N 3,213,094.92 3,210,183.35 12/11/2004 30239483 N/A 01/11/2014 N 3,129,672.85 3,126,931.15 01/11/2005 30239477 N/A 12/11/2013 N 2,965,709.76 2,963,002.10 01/11/2005 30239446 N/A 02/11/2014 N 2,674,354.93 2,671,987.40 01/11/2005 30239460 N/A 03/11/2014 N 2,577,208.81 2,574,796.68 01/11/2005 30239501 N/A 12/11/2013 N 2,550,000.00 2,550,000.00 12/11/2004 30239444 N/A 02/11/2014 N 2,514,815.25 2,511,454.07 01/11/2005 30239559 N/A 01/11/2014 N 2,423,734.39 2,421,490.40 12/11/2004 30239510 N/A 01/11/2009 N 2,419,845.62 2,417,222.22 01/11/2005 30239560 N/A 03/11/2014 N 2,353,747.76 2,348,649.93 12/11/2004 30239548 N/A 02/11/2014 N 2,366,802.17 2,363,629.83 01/11/2005 30239461 N/A 03/11/2014 N 2,220,825.02 2,217,660.76 01/11/2005 30239465 N/A 03/11/2014 N 2,076,979.53 2,074,519.64 01/11/2005 30239488 N/A 01/11/2014 N 2,027,357.45 2,025,414.65 12/11/2004 30239482 N/A 01/11/2014 N 1,979,239.84 1,977,474.90 01/11/2005 30239459 N/A 03/11/2014 N 1,709,812.17 1,708,203.94 01/11/2005 30239452 N/A 03/11/2014 N 1,680,304.22 1,678,188.14 01/11/2005 30239450 N/A 02/11/2014 N 1,507,943.53 1,505,825.49 01/11/2005 30239525 N/A 12/11/2013 N 1,409,029.88 1,407,772.20 12/11/2004 30239457 N/A 02/11/2014 N 1,372,641.03 1,370,897.24 01/11/2005 30239526 N/A 02/11/2014 N 1,337,026.67 1,335,826.48 12/11/2004 30239472 N/A 12/11/2013 N 1,276,719.24 1,274,818.10 01/11/2005 30239527 N/A 01/11/2014 N 1,187,624.59 1,186,573.56 12/11/2004 30239456 N/A 02/11/2014 N 1,135,808.65 1,134,365.73 01/11/2005 30239528 N/A 02/11/2014 N 792,312.09 791,600.87 12/11/2004 30239454 N/A 02/11/2014 N 747,995.66 747,045.42 01/11/2005 Totals 1,229,783,781.81 1,229,239,514.99
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 (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 01/18/2005 0 $0.00 0 $0.00 0 $0.00 12/17/2004 0 $0.00 0 $0.00 0 $0.00 11/18/2004 0 $0.00 0 $0.00 0 $0.00 10/18/2004 1 $30,797,132.96 0 $0.00 0 $0.00 09/17/2004 0 $0.00 0 $0.00 0 $0.00 08/17/2004 0 $0.00 0 $0.00 0 $0.00 07/16/2004 0 $0.00 0 $0.00 0 $0.00 06/17/2004 1 $10,250,000.00 0 $0.00 0 $0.00 05/17/2004 0 $0.00 0 $0.00 0 $0.00 04/16/2004 0 $0.00 0 $0.00 0 $0.00
Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 01/18/2005 0 $0.00 0 $0.00 0 $0.00 12/17/2004 0 $0.00 0 $0.00 0 $0.00 11/18/2004 0 $0.00 0 $0.00 0 $0.00 10/18/2004 0 $0.00 0 $0.00 0 $0.00 09/17/2004 0 $0.00 0 $0.00 0 $0.00 08/17/2004 0 $0.00 0 $0.00 0 $0.00 07/16/2004 0 $0.00 0 $0.00 0 $0.00 06/17/2004 0 $0.00 0 $0.00 0 $0.00 05/17/2004 0 $0.00 0 $0.00 0 $0.00 04/16/2004 0 $0.00 0 $0.00 0 $0.00
Prepayments Rate and Maturities Distribution Curtailments Payoff Next Weighted Avg. WAM Date # Amount # Amount Coupon Remit 01/18/2005 0 $0.00 0 $0.00 5.333513% 5.294719% 93 12/17/2004 0 $0.00 0 $0.00 5.333714% 5.294916% 94 11/18/2004 0 $0.00 0 $0.00 5.333932% 5.295132% 95 10/18/2004 0 $0.00 0 $0.00 5.334117% 5.295314% 96 09/17/2004 0 $0.00 0 $0.00 5.334333% 5.295527% 97 08/17/2004 0 $0.00 0 $0.00 5.334516% 5.295707% 98 07/16/2004 0 $0.00 0 $0.00 5.334697% 5.295886% 99 06/17/2004 0 $0.00 0 $0.00 5.334910% 5.296095% 100 05/17/2004 0 $0.00 0 $0.00 5.335089% 5.296272% 101 04/16/2004 0 $0.00 0 $0.00 5.335299% 5.296479% 102 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 30239557 9 0 12/11/2004 210,058.60 210,058.60 B 30239502 20 0 12/11/2004 60,931.40 60,931.40 B 30239500 26 0 12/11/2004 50,079.24 50,079.24 B 30239549 27 0 12/11/2004 45,493.52 45,493.52 B 30239523 30 0 12/11/2004 40,183.95 40,183.95 B 30239558 44 0 12/11/2004 23,963.19 23,963.19 B 30239524 57 0 12/11/2004 19,727.70 19,727.70 B 30239530 58 0 12/11/2004 19,093.97 19,093.97 B 30239501 63 0 12/11/2004 12,694.04 12,694.04 B 30239559 65 0 12/11/2004 14,221.27 14,221.27 B 30239560 67 0 12/11/2004 16,830.61 16,830.61 B 30239488 71 0 12/11/2004 11,860.52 11,860.52 B 30239525 76 0 12/11/2004 8,426.90 8,426.90 B 30239526 78 0 12/11/2004 7,922.46 7,922.46 B 30239527 80 0 12/11/2004 7,103.95 7,103.95 B 30239528 82 0 12/11/2004 4,694.79 4,694.79 B Totals 16 553,286.11 553,286.11
Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date 30239557 36,000,000.00 0.00 30239502 12,240,000.00 0.00 30239500 10,060,000.00 0.00 30239549 8,152,556.09 0.00 30239523 6,826,501.48 0.00 30239558 4,288,043.77 0.00 30239524 3,263,823.19 0.00 30239530 3,213,094.92 0.00 30239501 2,550,000.00 0.00 30239559 2,423,734.42 0.00 30239560 2,353,747.76 0.00 30239488 2,027,357.46 0.00 30239525 1,409,029.87 0.00 30239526 1,337,026.67 0.00 30239527 1,187,624.59 0.00 30239528 792,312.09 0.00 Totals 98,124,852.31 0.00
Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = B (16 loans) 553,286.11 553,286.11 98,124,852.31 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-----