EXHIBIT 99.1
                                  ------------

                                 ABS Term Sheet

This material is for your private information and none of Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Banc of America Securities LLC, or KeyBank Capital
Markets, a Division of McDonald Investments Inc. (collectively, the
"Underwriters") is soliciting any action based upon it. This material is not to
be construed as an offer to sell or the solicitation of any offer to buy any
security in any jurisdiction where such an offer or solicitation would be
illegal. This material is based on information that the Underwriters consider
reliable, but the Underwriters do not represent that it is accurate or complete
and it should not be relied upon as such. By accepting this material the
recipient agrees that it will not distribute or provide the material to any
other person. The information contained in this material may pertain to
securities that ultimately are not sold. The information contained in this
material may be based on assumptions regarding market conditions and other
matters as reflected herein. The Underwriters make no representation regarding
the reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied upon for such purposes. The Underwriters and their
affiliates, officers, directors, partners and employees, including persons
involved in the preparation or issuance of this material may, from time to time,
have long or short positions in, and buy and sell, any securities mentioned
herein or derivatives thereof (including options). This material may be filed
with the Securities and Exchange Commission (the "SEC") and incorporated by
reference into an effective registration statement previously filed with the SEC
under Rule 415 of the Securities Act of 1933, including all cases where this
material does not pertain to securities that are ultimately offered for sale
pursuant to such registration statement. Information contained in this material
is current as of the date appearing in this material only. INFORMATION IN THIS
MATERIAL REGARDING ANY ASSETS BACKING ANY SECURITIES DISCUSSED HEREIN SUPERSEDES
ALL PRIOR INFORMATION REGARDING SUCH ASSETS. ANY INFORMATION IN THIS MATERIAL,
WHETHER REGARDING THE ASSETS BACKING ANY SECURITIES DISCUSSED HEREIN OR
OTHERWISE, WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION CONTAINED IN
ANY FINAL PROSPECTUS AND PROSPECTUS SUPPLEMENT FOR ANY SECURITIES ACTUALLY SOLD
TO YOU. This material is furnished solely by the Underwriters and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.







------------------------------------------------------------------------------------------------------------------------------------
MLMT 2004-MKB2 COLLATERAL TERM SHEET 2/17/05                                                                              Loan Level
                                                                                                                      Property Level

------------------------------------------------------------------------------------------------------------------------------------
                      LOAN /      NO. OF   LOAN
LOAN #                PROPERTY    PROPS    GROUP     ORIGINATOR  PROPERTY NAME                       ADDRESS
------------------------------------------------------------------------------------------------------------------------------------

        20048546006   Loan          1                   MLML      Emerald Point Apartments           2100 Westminster Lane
              58228   Loan          1                   BOA       Sun Communities - Indian Creek     17340 San Carlos Boulevard
        20059210001   Loan          1                   MLML      The Centennial Ridge Apartments    100 Calibre Creek Parkway
           10025850   Loan          1                   Key       Hamilton on Main                   249 Main Street
              58596   Loan          1                   BOA       The Pointe at Timberglen           3737 Timberglen Road
           10025445   Loan          1                   Key       Windsor Park Estates               1335 Vale Drive
        20049203002   Loan          1                   MLML      Highland Village Apartment Homes   2800 South Highland Mesa Road
        20049231001   Loan          1                   MLML      Golden Mesa                        151 North Roadrunner Parkway
        20048509008   Loan          1                   MLML      Hidden River Apartments            8024 Hidden River Drive
           10025919   Loan          1                   Key       Westbrook Apartments               700 Westbrook
        20048538002   Loan          1                   MLML      James Manor Apartments             201 Stonehaven Drive
           10025823   Loan          1                   Key       Porta Di Oro Apartments            479 Northwest 30th Street
           10026067   Loan          1                   Key       Shaker Point Apartments            1095 Shaker Point Way
           10025246   Loan          1                   Key       Beachside Apartments               160 Highway A1A
        20049247003   Loan          1                   MLML      Regal Ridge Apartments             5111 South Regal Street
           10024777   Loan          1                   Key       Sunrise Apartments                 1429 East 46th Street
           10026057   Loan          1                   Key       River Grove Apartments             4516 North Main Street
        20048513004   Loan          1                   MLML      McKinley at Westbury               701 South Mattis Avenue
------------------------------------------------------------------------------------------------------------------------------------



------------------------------------------------------------------------------------------------------------------------------------
                                              NCA/   ZIP
LOAN #              CITY              STATE   SCA    CODE COUNTY                PROPERTY TYPE         PROPERTY SUBTYPE
------------------------------------------------------------------------------------------------------------------------------------

        20048546006 Virginia Beach     VA           23454 Virginia Beach City  Multifamily           Garden
              58228 Fort Myers Beach   FL           33931 Lee                  Manufactured Housing  Manufactured Housing
        20059210001 Roswell            GA           30076 Fulton               Multifamily           Garden
           10025850 Watertown          MA           02472 Middlesex            Multifamily           Garden
              58596 Dallas             TX           75287 Denton               Multifamily           Garden
           10025445 Copley             OH           44321 Summit               Multifamily           Garden
        20049203002 Flagstaff          AZ           86001 Coconino             Multifamily           Student Housing
        20049231001 Las Cruces         NM           88011 Dona Ana             Multifamily           Senior Housing
        20048509008 Tampa              FL           33617 Hillsborough         Multifamily           Garden
           10025919 Whitmore Lake      MI           48189 Washtenaw            Multifamily           Garden
        20048538002 Edinboro           PA           16412 Erie                 Multifamily           Student Housing
           10025823 Miami              FL           33137 Miami-Dade           Multifamily           Mid/High Rise
           10026067 Harrison           OH           45030 Hamilton             Multifamily           Garden
           10025246 Satellite Beach    FL           32937 Brevard              Multifamily           Garden
        20049247003 Spokane            WA           99223 Spokane              Multifamily           Garden
           10024777 Tacoma             WA           98404 Pierce               Multifamily           Garden
           10026057 Fall River         MA           02720 Bristol              Multifamily           Garden
        20048513004 Champaign          IL           61820 Champaign            Multifamily           Garden
------------------------------------------------------------------------------------------------------------------------------------



------------------------------------------------------------------------------------------------------------------------------------
                       CTL     TOTAL    UNIT OF                               OCCUPANCY  OCCUPANCY    ENVIRONMENTAL    ENVIRONMENTAL
LOAN #                (Y/N)   SF/UNITS  MEASURE  YEAR BUILT   YEAR RENOVATED     (%)        DATE      REPORT TYPE      REPORT DATE
------------------------------------------------------------------------------------------------------------------------------------

        20048546006    No          863   Units          1965     1971             94.1    11/15/2004   Phase I          10/18/2004
              58228    No        1,532   Pads           1974                     100.0     9/30/2004   Phase I            4/5/2004
        20059210001    No          664   Units          1987     1996             96.7     1/11/2005   Phase I            2/4/2005
           10025850    No          144   Units          1970     2004             99.3     1/11/2005   Phase I            8/2/2004
              58596    No          320   Units          1984     1999             91.9    10/19/2004   Phase I           9/16/2004
           10025445    No          263   Units          1988     1998             82.5    11/17/2004   Phase I          10/20/2004
        20049203002    No          240   Units          1996                      76.7    10/31/2004   Phase I           12/9/2004
        20049231001    No          129   Units          1999                      95.3     7/30/2004   Phase I           9/16/2004
        20048509008    No          232   Units          1973     2004             96.1      2/1/2005   Phase I           10/1/2004
           10025919    No          132   Units          1999     2002             97.0    11/16/2004   Phase I           11/3/2004
        20048538002    No          116   Units     1970-1973     2003            100.0    11/11/2004   Phase I          11/19/2004
           10025823    No           89   Units          2003          94.4                  2/2/2005   Phase I           2/11/2005
           10026067    No           84   Units          2004                      96.4      1/1/2005   Phase I           12/8/2004
           10025246    No           55   Units          2004                      96.4    12/28/2004   Phase I          11/23/2004
        20049247003    No           97   Units          1994                      97.9     12/1/2004   Phase I          11/12/2004
           10024777    No           75   Units          1971     2001             94.7    11/30/2004   Phase I           8/31/2004
           10026057    No           48   Units          1987     2003            100.0      1/1/2005   Phase I          12/13/2004
        20048513004    No           45   Units          1965     2004            100.0     1/26/2005   Phase I           8/26/2004
------------------------------------------------------------------------------------------------------------------------------------



------------------------------------------------------------------------------------------------------------------------------------
                     ENVIRONMENTAL     PHASE II      PHASE II    ENGINEERING SEISMIC  SEISMIC               EARTHQUAKE   APPRAISED
LOAN #               INSURANCE (Y/N)   RECOMMENDED   PERFORMED   REPORT DATE  DATE      ZONE      PML (%)    INSURANCE    VALUE
------------------------------------------------------------------------------------------------------------------------------------

        20048546006       No             No            No        10/19/2004                                     No     65,600,000.00
              58228       No             No            No          4/5/2004                                     No     65,000,000.00
        20059210001       No             No            No         1/14/2005                                     No     51,100,000.00
           10025850       No             No            No          1/3/2005                                     No     22,300,000.00
              58596       No             No            No         8/31/2004                                     No     15,500,000.00
           10025445       No             No            No        10/15/2004                                     No     14,400,000.00
        20049203002       No             No            No         12/8/2004                                     No     15,055,000.00
        20049231001       No             No            No         9/16/2004                                     No     11,600,000.00
        20048509008       No             No            No         10/1/2004                                     No      9,700,000.00
           10025919       No             No            No        10/18/2004                                     No      8,890,000.00
        20048538002       No             No            No        11/19/2004                                     No      8,800,000.00
           10025823       No             No            No          2/2/2005                                     No      9,900,000.00
           10026067       No             No            No        11/17/2004                                     No      6,250,000.00
           10025246       No             No            No        11/30/2004                                     No      6,350,000.00
        20049247003       No             No            No        11/15/2004                                     No      5,500,000.00
           10024777       No             No            No          8/9/2004  8/9/2004        3      13.00       No      3,800,000.00
           10026057       No             No            No        12/20/2004                                     No      3,500,000.00
        20048513004       No             No            No         8/26/2004                                     No      3,250,000.00
------------------------------------------------------------------------------------------------------------------------------------



------------------------------------------------------------------------------------------------------------------------------------
                APPRAISED     APPRAISAL  CUTOFF   MATURITY  ORIGINAL    ORIGINAL   CUTOFF BALANCE    CUTOFF      % OF  MATURITY
LOAN #          CAPRATE (%)      DATE    LTV (%)   LTV (%)   BALANCE   LOAN/UNIT     (3/1/2005)   BALANCE/UNIT   IPB   BALANCE
------------------------------------------------------------------------------------------------------------------------------------

    20048546006    7.27     10/5/2004    79.3     69.5    52,000,000.00    60,255    52,000,000.00     60,255    4.25  45,592,156.38
          58228    6.75      5/1/2004    80.0     69.3    52,000,000.00    33,943    52,000,000.00     33,943    4.25  45,055,748.26
    20059210001    6.00    12/16/2004    74.4     71.1    38,000,000.00    57,229    38,000,000.00     57,229    3.10  36,326,624.00
       10025850    6.25    12/30/2004    75.4     67.0    16,825,000.00   117,657    16,825,000.00    117,657    1.37  14,951,407.83
          58596    7.25     9/21/2004    69.4     69.4    10,750,000.00    33,594    10,750,000.00     33,594    0.88  10,750,000.00
       10025445    8.00    10/13/2004    69.3     57.9    10,000,000.00    38,023     9,976,347.85     37,933    0.81   8,338,525.45
    20049203002    8.00     11/8/2004    63.1     63.1     9,500,000.00    39,583     9,500,000.00     39,583    0.78   9,500,000.00
    20049231001    9.00     8/31/2004    71.0     47.0     8,320,000.00    64,496     8,230,503.58     63,802    0.67   5,453,796.01
    20048509008    8.25     8/23/2004    78.9     66.1     7,690,000.00    33,147     7,655,800.50     32,999    0.63   6,412,470.75
       10025919    7.75    10/13/2004    79.6     69.6     7,080,000.00    53,636     7,080,000.00     53,636    0.58   6,188,613.12
    20048538002    8.25    11/17/2004    79.5     66.2     7,000,000.00    60,345     7,000,000.00     60,345    0.57   5,828,879.75
       10025823    5.75    11/26/2004    66.7     55.0     6,600,000.00    74,157     6,600,000.00     74,157    0.54   5,445,771.19
       10026067    7.75    11/30/2004    80.0     69.6     5,000,000.00    59,524     5,000,000.00     59,524    0.41   4,347,611.69
       10025246    6.75    11/12/2004    78.5     65.2     5,000,000.00    90,909     4,987,760.00     90,687    0.41   4,141,803.20
    20049247003    8.25     8/11/2004    78.1     66.3     4,300,000.00    44,330     4,294,285.99     44,271    0.35   3,645,304.12
       10024777    8.25      8/3/2004    74.9     63.1     2,858,000.00    38,107     2,845,757.46     37,943    0.23   2,397,934.18
       10026057    7.50     12/2/2004    78.4     65.5     2,750,000.00    57,292     2,743,506.31     57,156    0.22   2,293,808.24
    20048513004    7.25     8/16/2004    79.7     71.7     2,600,000.00    57,778     2,588,696.10     57,527    0.21   2,329,057.81
------------------------------------------------------------------------------------------------------------------------------------



------------------------------------------------------------------------------------------------------------------------------------
                INTEREST  AMORTIZATION    ACCRUAL                   IO MONTHLY    IO ANNUAL   MONTHLY P&I    ANNUAL P&I   I/O
LOAN #          RATE (%)      TYPE         TYPE        PURPOSE     DEBT SERVICE DEBT SERVICE DEBT SERVICE  DEBT SERVICE PERIOD TERM
------------------------------------------------------------------------------------------------------------------------------------

    20048546006  5.540     IO-Balloon    Actual/360   Acquisition  243,400.93   2,920,811.11  296,556.62   3,558,679.44   24     120
          58228  5.051     IO-Balloon    Actual/360   Refinance    221,916.62   2,662,999.44  280,770.28   3,369,243.36   24     120
    20059210001  5.020     IO-Balloon    Actual/360   Acquisition  161,174.54   1,934,094.44  204,456.95   2,453,483.40   48      84
       10025850  5.180     IO-Balloon    Actual/360   Refinance     73,636.64     883,639.65   92,180.14   1,106,161.68   36     120
          58596  4.875     Interest Only Actual/360   Refinance     44,278.43     531,341.16                              60      60
       10025445  5.450     Balloon       Actual/360   Refinance                                56,465.59     677,587.08    0     120
    20049203002  4.887     Interest Only Actual/360   Acquisition   39,226.09     470,713.13                             120     120
    20049231001  6.000     Balloon       Actual/360   Acquisition                              59,607.06     715,284.72    0     120
    20048509008  5.450     Balloon       Actual/360   Refinance                                43,422.04     521,064.48    0     120
       10025919  5.410     IO-Balloon    Actual/360   Acquisition   32,362.32     388,347.83   39,800.59     477,607.08   24     120
    20048538002  5.396     Balloon       Actual/360   Refinance                                39,289.68     471,476.16    0     120
       10025823  5.109     Balloon       Actual/360   Refinance                                35,871.19     430,454.28    0     120
       10026067  5.190     Balloon       Actual/360   Refinance     21,925.35     263,104.17   27,424.66     329,095.92   24     120
       10025246  5.240     Balloon       Actual/360   Refinance                                27,579.22     330,950.64    0     120
    20049247003  6.000     Balloon       Actual/360   Refinance                                25,780.67     309,368.04    0     120
       10024777  5.650     Balloon       Actual/360   Refinance                                16,497.40     197,968.80    0     120
       10026057  5.460     Balloon       Actual/360   Refinance                                15,545.25     186,543.00    0     120
    20048513004  5.571     Balloon       Actual/360   Acquisition                              14,878.54     178,542.48    0      84
------------------------------------------------------------------------------------------------------------------------------------



------------------------------------------------------------------------------------------------------------------------------------
                             REMAINING          CUT                              FIRST           MATURITY/  FINAL  ARD
             REMAINING AMORT   AMORT   SEASON-  OFF   PAYMENT GRACE     NOTE     PAYMENT    ARD    ARD        MAT  STEP     2002
LOAN #         TERM    TERM    TERM     ING     DATE   DATE   PERIOD    DATE      DATE     (Y/N)   DATE      DATE  UP (%)    NOI
------------------------------------------------------------------------------------------------------------------------------------

20048546006    118     360     360      2      3/1/2005  1      2    12/15/2004  2/1/2005    No   1/1/2015               3,965,879
      58228    112     360     360      8      3/1/2005  1      5      6/9/2004  8/1/2004    No   7/1/2014               4,334,705
20059210001     84     360     360      0      3/1/2005  1      3     2/10/2005  4/1/2005    No   3/1/2012               4,111,282
   10025850    120     360     360      0      3/1/2005  1      5     2/15/2005  4/1/2005    No   3/1/2015
      58596     58       0       0      2      3/1/2005  1      5     12/2/2004  2/1/2005    No   1/1/2010               1,218,608
   10025445    118     360     358      2      3/1/2005  1      5     12/6/2004  2/1/2005    No   1/1/2015
20049203002    118       0       0      2      3/1/2005  1      5    12/15/2004  2/1/2005    No   1/1/2015               1,299,564
20049231001    115     240     235      5      3/1/2005  1      5     10/6/2004 11/1/2004    No  10/1/2014                 614,857
20048509008    116     360     356      4      3/1/2005  1      5     10/6/2004 12/1/2004    No  11/1/2014
   10025919    117     360     357      3      3/1/2005  1      5     12/1/2004  1/1/2005    No  12/1/2014                 640,482
20048538002    120     360     360      0      3/1/2005  1      5      2/1/2005  4/1/2005    No   3/1/2015                 614,144
   10025823    120     360     360      0      3/1/2005  1      5                4/1/2005    No   3/1/2015
   10026067    120     360     360      0      3/1/2005  1      5                4/1/2005    No   3/1/2015
   10025246    118     360     358      2      3/1/2005  1      5    12/29/2004  2/1/2005    No   1/1/2015
20049247003    119     360     359      1      3/1/2005  1      5     1/25/2005  3/1/2005    No   2/1/2015                 448,814
   10024777    116     360     356      4      3/1/2005  1      5    10/15/2004 12/1/2004    No  11/1/2014                 119,780
   10026057    118     360     358      2      3/1/2005  1      5    12/23/2004  2/1/2005    No   1/1/2015                 229,659
20048513004     80     360     356      4      3/1/2005  1      5     10/8/2004 12/1/2004    No  11/1/2011
------------------------------------------------------------------------------------------------------------------------------------




-----------------------------------------------------------------------------------------------------------------------------------
                 2003                                                                            HOLDBACK   HOLDBACK   DEFEASANCE
LOAN #            NOI   MOST RECENT NOI AS OF         UW NOI      UW NCF    UW DSCR   HOLDBACK     AMT       DESC.      ALLOWED
-----------------------------------------------------------------------------------------------------------------------------------

20048546006  4,272,302     4,775,796     9/30/2004   4,665,325   4,449,575     1.25       No                               Yes
      58228  4,518,439     4,931,465     9/30/2004   4,278,728   4,202,028     1.25       No                               Yes
20059210001  3,414,361     3,103,829    12/31/2004   3,188,843   3,039,443     1.24       No                               Yes
   10025850  1,142,230     1,374,930    12/31/2004   1,372,599   1,332,999     1.21       No                               No
      58596  1,150,223     1,005,754    12/31/2004   1,014,945     942,945     1.38       No                               Yes
   10025445    908,436       887,991    10/31/2004     916,264     850,209     1.25       No                               Yes
20049203002  1,212,719     1,191,779     8/31/2004   1,298,713   1,238,713     2.67       No                               Yes
20049231001    900,529     1,040,711    10/31/2004   1,091,144   1,052,444     1.47       No                               No
20048509008                  211,323     8/31/2004     751,250     681,650     1.31       No                               Yes
   10025919    554,831     1,270,214    10/31/2004     644,295     611,295     1.28       No                               Yes
20048538002    633,224       712,488     9/30/2004     658,742     623,942     1.32       No                               Yes
   10025823          -       572,330     1/31/2005     550,287     532,487     1.23       No                               Yes
   10026067                  584,816    10/31/2004     453,943     437,143     1.33       No                               Yes
   10025246                  496,032    10/31/2004     430,693     416,943     1.26       No                               Yes
20049247003    443,503       457,606    12/31/2004     452,614     428,364     1.38       No                               Yes
   10024777    266,704       214,163    12/31/2004     261,532     242,782     1.23       No                               Yes
   10026057    237,297       282,202    10/31/2004     250,507     238,075     1.28       No                               Yes
20048513004                                            248,525     235,835     1.32       No                               Yes
-----------------------------------------------------------------------------------------------------------------------------------





---------------------------------------------------------------------------------------------------------------------------------
              LOCKOUT
LOAN #       END DATE              DEFEASANCE SUMMARY
---------------------------------------------------------------------------------------------------------------------------------

20048546006  3/31/2007  Earlier of (4) years from the note date or (2) years from first securitization.
      58228  3/31/2007  Earlier of (4) years from the first payment date or (2) years from securitization.
20059210001  3/31/2007  Earlier to occur of (A) March 1, 2008 or (B) 2 years after securitization
   10025850
      58596  3/31/2007  Earlier of (3) years from first payment date or (2) years from securitization.
   10025445  3/31/2007  Any payment date after the date which is two (2) years and fifteen (15) days after the startup day
20049203002  3/31/2007  Earlier of (3) years from the note date or (2) years from first securitization or on or before
                        December 1, 2009
20049231001  4/30/2008
20048509008  3/31/2007  Earlier of (4) years from the note date or (2) years from first securitization.
   10025919  3/31/2007  Any payment date after the date which is two (2) years and fifteen (15) days after the startup day
20048538002  3/31/2007  Earlier of (4) years from the note date or (2) years from first securitization.
   10025823  3/31/2007
   10026067  3/31/2007  Any payment date after the date which is two (2) years and fifteen (15) days after the startup day
   10025246  3/31/2007  Any payment date after the date which is two (2) years and fifteen (15) days after the startup day
20049247003  3/31/2007  Earlier of (4) years from the note date or (2) years from first securitization.
   10024777  3/31/2007  Any payment date after the date which is two (2) years and fifteen (15) days after the startup day
   10026057  3/31/2007  Any payment date after the date which is two (2) years and fifteen (15) days after the startup day
20048513004  3/31/2007  Earlier of (4) years from the note date or (2) years from first securitization.
---------------------------------------------------------------------------------------------------------------------------------


------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                         REMAINING
                CALL                         YIELD    YIELD                                                  REMAINING     YIELD
             PROTECTION                      MAINT.   MAINT.                           LOCKOUT   DEFEASANCE  DEFEASANCE  MAINTENANCE
LOAN #       DESCRIPTION                   END DATE  ALLOWED  YIELD MAINT. PROVISION  REMAINING    END DATE   PAYMENTS    PAYMENTS
------------------------------------------------------------------------------------------------------------------------------------

20048546006  Defeasance                                 No                                24       9/30/2014      90
      58228  Defeasance                                 No                                24      12/31/2013      81
20059210001  Defeasance                                 No                                24      10/31/2011      55
   10025850  Yield Maintenance                 41882    Yes  Greater of 1% UPB or PV       0                                113
      58596  Defeasance                                 No                                24       6/30/2009      27
   10025445  Defeasance                                 No                                22      10/31/2014      91
20049203002  Defeasance/Declining Penalty               No                                24      12/31/2009      33
20049231001  Yield Maintenance             6/30/2014    Yes  Greater of 1% UPB or PV      38                                 73
20048509008  Defeasance                                 No                                24       7/31/2014      88
   10025919  Defeasance                                 No                                21       9/30/2014      90
20048538002  Defeasance                                 No                                24       1/31/2015      94
   10025823  Defeasance                                 No                                24                      93
   10026067  Defeasance                                 No                                24      11/30/2014      92
   10025246  Defeasance                                 No                                22       9/30/2014      90
20049247003  Defeasance                                 No                                24      10/31/2014      91
   10024777  Defeasance                                 No                                20       8/31/2014      89
   10026057  Defeasance                                 No                                22      10/31/2014      91
20048513004  Defeasance                                 No                                24       7/31/2011      52
------------------------------------------------------------------------------------------------------------------------------------



------------------------------------------------------------------------------------------------------------------------------------
                                                                               UPFRONT        UPFRONT                     UPFRONT
                  OPEN                                        UPFRONT           CAPEX          ENVIR.      UPFRONT        RE TAX
LOAN #          PAYMENTS               STRING               ENG. RESERVE       RESERVE        RESERVE   TI/LC RESERVE     RESERVE
------------------------------------------------------------------------------------------------------------------------------------

20048546006        4          LO(24),Def(90),O(4)             268,125.00                                                  39,850.58
      58228        7          LO(24),Def(81),O(7)
20059210001        5          LO(24),Def(55),O(5)           1,004,962.50       13,833.33                                 208,317.99
   10025850        7          GRTRYMor1%(113),O(7)                              3,300.00     1,125.00                     43,807.11
      58596        7          LO(24),Def(27),O(7)                                                                        287,547.36
   10025445        3          LO(24),Def(91),0(3)                               4,400.00                                 137,097.28
20049203002        3          LO(24),Def(33),5%(12),
                              4%(12),3%(12),2%(12),
                              1%(10),O(3)
20049231001        4          LO(38),GRTR1%orYM(73),O(4)                                                                  29,484.81
20048509008        4          LO(24),Def(88),O(4)             300,000.00                                                   9,738.88
   10025919        3          LO(24),Def(90),O(3)                                                                        178,775.31
20048538002        2          LO(24),Def(94),O(2)              36,125.00       17,400.00       400.00                     31,015.50
   10025823        3          Lock/24_Def/93_0%/3
   10026067        4          LO(24),Def(92),O(4)                               1,400.00                                  21,005.68
   10025246        4          LO(24),Def(90),O(4)                                 688.00                                   9,100.00
20049247003        4          LO(24),Def(91),O(4)                                                                         21,441.28
   10024777        3          LO(24),Def(89),O(3)              19,591.00        1,562.50     1,200.00                      3,184.74
   10026057        3          LO(24),Def(91),O(3)                               1,036.00                                   4,290.54
20048513004        4          LO(24),Def(52),O(4)              37,662.50                                                   3,539.00
------------------------------------------------------------------------------------------------------------------------------------



-----------------------------------------------------------------------------------------------------------------------------
                   UPFRONT      UPFRONT          UPFRONT            MONTHLY    MONTHLY    MONTHLY     MONTHLY     MONTHLY
                  INSURANCE      OTHER            OTHER              CAPEX      ENVIR.     TI/LC      RE TAX     INSURANCE
LOAN #             RESERVE      RESERVE        DESCRIPTION          RESERVE    RESERVE    RESERVE     RESERVE     RESERVE
-----------------------------------------------------------------------------------------------------------------------------

20048546006                                                        17,979.00                        39,850.58    27,495.50
      58228
20059210001      132,990.25                                        13,833.33                        44,723.23    13,385.08
   10025850       14,075.55                                         3,300.00
      58596                                                                                         23,962.28
   10025445       22,458.98                                         4,400.00                        19,585.32     4,203.94
20049203002                     60,000.00   Seasonality Reserve                                      9,914.83     4,478.51
20049231001                                                         3,225.00                         3,685.60
20048509008       39,475.00                                         5,800.00                         9,738.88    11,714.56
   10025919       34,650.00                                         2,750.00                        19,474.19     3,675.00
20048538002       29,798.37    235,738.07   Debt Service            2,900.00                         5,427.71     4,966.40
   10025823
   10026067        3,167.50                                         1,400.00
   10025246        1,801.41                                           688.00                         4,550.00     1,801.41
20049247003       14,072.10                                         2,020.83                         5,772.65     1,759.01
   10024777                                                         1,562.50                         3,184.74     1,471.58
   10026057        2,482.03                                         1,036.00                         1,766.69     1,241.01
20048513004        4,070.71                                         1,057.50                         3,539.04       581.53
-----------------------------------------------------------------------------------------------------------------------------




------------------------------------------------------------------------------------------------------------------------------
                  MONTHLY
                   OTHER        OTHER MONTH        SINGLE                                                LARGEST
LOAN #            RESERVE       DESCRIPTION        TENANT    LETTER OF CREDIT      DESCRIPTION OF LOC     TENANT   UNIT SIZE
------------------------------------------------------------------------------------------------------------------------------

20048546006                                           No            No
      58228                                           No            No
20059210001                                           No            No
   10025850                                           No            No
      58596                                           No            No
   10025445                                           No            No
20049203002       10,000.00  Seasonality Reserve      No            No
20049231001                                           No            No
20048509008                                           No            No
   10025919                                           No            No
20048538002       39,289.68  Debt Service             No            No
   10025823                                           No            No
   10026067                                           No            No
   10025246                                           No            No
20049247003                                           No            No
   10024777                                           No            No
   10026057                                           No            No
20048513004                                           No            No
------------------------------------------------------------------------------------------------------------------------------




------------------------------------------------------------------------------------------------------------------------------------
                                                                                                            CONDO   OUTPARCEL
               LEASE    2ND LARGEST               LEASE    3RD LARGEST  UNIT    LEASE       LIEN   TITLE  STRUCTURE  RELEASE   SPE
LOAN #      EXPIRATION     TENANT    UNIT SIZE  EXPIRATION    TENANT    SIZE  EXPIRATION  POSITION  TYPE    (Y/N)    (Y/N)    ((Y/N)
------------------------------------------------------------------------------------------------------------------------------------

20048546006                                                                                 First   Fee       No       No       Yes
      58228                                                                                 First   Fee       No       No       Yes
20059210001                                                                                 First   Fee       No       No       Yes
   10025850                                                                                 First   Fee       No       No       Yes
      58596                                                                                 First   Fee       No       No       Yes
   10025445                                                                                 First   Fee       No       Yes      Yes
20049203002                                                                                 First   Fee       No       No       Yes
20049231001                                                                                 First   Fee       No       No       Yes
20048509008                                                                                 First   Fee       No       No       Yes
   10025919                                                                                 First   Fee       No       No       Yes
20048538002                                                                                 First   Fee       No       No       Yes
   10025823                                                                                 First   Fee       No       No       Yes
   10026067                                                                                 First   Fee       No       No       Yes
   10025246                                                                                 First   Fee       No       No       Yes
20049247003                                                                                 First   Fee       No       No       Yes
   10024777                                                                                 First   Fee       No       No       No
   10026057                                                                                 First   Fee       No       No       No
20048513004                                                                                 First   Fee       No       No       Yes
------------------------------------------------------------------------------------------------------------------------------------



-----------------------------------------------------------------------------------------------------------------------------------
                                     PARTIAL
                       RELEASE     DEFEASANCE  SUBSTITUTION
             CROSSED  PROVISIONS    PERMITTED   PROVISIONS    RELATED
LOAN #        LOAN       (Y/N)        (Y/N)        (Y/N)      BORROWER   BORROWER NAME
-----------------------------------------------------------------------------------------------------------------------------------

20048546006     No         No          No           No                   Emerald Point, LLC
      58228     No         No          No           No                   Sun Indian Creek LLC
20059210001     No         No          No           No                   WLI-IV Roswell, L.L.C.
   10025850     No         No          No           No                   Hamilton on Main Apartments, LLC
      58596     No         No          No           No                   Rosemeade Associates-320, Inc.
   10025445     No         No          No           No                   Windsor Park-1988, A Limited Partnership
20049203002     No         No          No           No                   Highland Village Partners, LLC
20049231001     No         No          No           No                   Las Cruces Retirement Residence Limited Liability Company
20048509008     No         No          No           No                   Hidden River Grande Apartments, LLC
   10025919     No         No          No           No                   Westbrook Investments LLC
20048538002     No         No          No           No                   James Manor Apartments, L.P.
   10025823     No         No          No           No                   Lazaro Milton
   10026067     No         No          No           No                   Broad Properties, LLC
   10025246     No         No          No           No                   Beachside Apartments, LLC
20049247003     No         No          No           No                   Regal Ridge, L.L.C.
   10024777     No         No          No           No                   A.C. Wilden Realty, LLC
   10026057     No         No          No           No                   Merchant River Grove, LLC
20048513004     No         No          No           No                   Westbury Park, LLC
-----------------------------------------------------------------------------------------------------------------------------------



----------------------------------------------------------------------------------------------------------------------------------
                                                                                                          ADDIT DEBT   ADDIT DEBT
                                                                                               TIC LOAN   PERMITTED       EXIST
LOAN #        PRINCIPAL NAME                                                                  STRUCTURE     (Y/N)         (Y/N)
----------------------------------------------------------------------------------------------------------------------------------

20048546006   Ramon W. Breeden, Jr.                                                              No           No          Yes
      58228   Sun Communities, Inc.; Sun Communities Operating Limited Partnership               No           No          No
20059210001   Walton Street Real Estate Fund IV. L.P.                                            No           No          Yes
   10025850   Harold Brown                                                                       No           No          No
      58596   None                                                                               No           Yes         No
   10025445   Stuart Graines & Sidney Simon, as Trustee of the Edith Simon Revocable Trust       No           No          No
20049203002   Paul F. Schultheis and Dennis K. Neal                                              No           Yes         No
20049231001   Colson & Colson Construction Co.                                                   No           No          No
20048509008   Ronald L. Glass and Tarik Choudhury                                                No           No          No
   10025919   Brian M. Dietz and Paul J. Dietz                                                   No           No          No
20048538002   Michael J. Redlawsk and Bernard Redlawsk                                           No           No          No
   10025823   Lazaro Milton                                                                      No           No          No
   10026067   Michael Perleberg                                                                  No           No          No
   10025246   Howard W. Hauser & R. Samuel Zimmerman III                                         No           No          No
20049247003   Michael Paul Berg and Virginia Irene Berg                                          No           No          No
   10024777   James Tallent & A.C. Wilden Holdings LLC                                           No           No          No
   10026057   Charles Nirenberg, Larry Nirenberg                                                 No           No          No
20048513004   Ronald N. Weiser and McKinley Associates, Inc.                                     No           No          No
----------------------------------------------------------------------------------------------------------------------------------



------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                               AVG.
                                          ADDITIONAL    LOCKBOX  LOCKBOX                                              NO. OF  STUDIO
LOAN #        ADDITIONAL DEBT AMOUNT       DEBT TYPE     (Y/N)   IN-PLACE  LOCKBOX TYPE         LOCKBOX TRIGGER       STUDIO   RENT
------------------------------------------------------------------------------------------------------------------------------------

20048546006                   6,500,000  Mezzanine Loan   Yes      Yes     Soft-Springing Hard  Upon Event of Default   40      625
      58228                                               Yes      Yes     Soft-Springing Hard  Event of Default
20059210001                   6,000,000  Mezzanine Loan   Yes      Yes     Soft-Springing Hard  Upon Event of Default
   10025850                                               No               NAP                                          18    1,079
      58596  Variable, LTV<=80% and      Mezzanine        No               NAP
             DSCR >=1.20x
   10025445                                               No               NAP
20049203002                              Mezzanine        No       No      NAP                                          48      563
20049231001                                               No       No      NAP                                          41    1,145
20048509008                                               No       No      NAP
   10025919                                               No               NAP
20048538002                                               No       No      NAP
   10025823                                               No               NAP
   10026067                                               No               NAP
   10025246                                               No               NAP
20049247003                                               No       No      NAP
   10024777                                               No               NAP
   10026057                                               No               NAP
20048513004                                               No       No      NAP
------------------------------------------------------------------------------------------------------------------------------------



------------------------------------------------------------------------------------------------------------------------------------
              NO. OF  AVG.  NO. OF  AVG.  NO. OF  AVG. NO. OF  AVG. AVG                                      SUBSERVICER
               1-BR   1-BR   2-BR   2-BR   3-BR   3-BR  4-BR  4-BR  PAD                             ELEVATOR   IN PLACE  SUBSERVICER
LOAN #         UNIT   RENT   UNITS  RENT  UNITS   RENT UNITS  RENT  RENT UTILITIES TENANT PAYS      PRESENT     (Y/N)        NAME
------------------------------------------------------------------------------------------------------------------------------------

20048546006     234     674   469    761    120  1,030                   E, G, S, W                    No
      58228                                                         459                                            No       NAP
20059210001     270     632   334    765     60  1,030                   E, G, S, W                    No
   10025850      40   1,285    86  1,452                                 Electric                      Yes         No
      58596     256     548    64    749                                 E,S,W                         No          No       NAP
   10025445                   179    765     84    975                   Electric, Gas, Sewer          No          No
20049203002      12     763    72    870     36  1,243   72   1,430      50% of E, G, S, W             No
20049231001      60   1,493    28  2,224                                 None                          Yes
20048509008     116     517    71    680     45    776                   E, G                          No
   10025919                    84    839     48    989                   Electric, Gas                 No          No
20048538002      26     383    44    396     22    350   24    378       None                          No
   10025823      42     937    47  1,325                                 None                          Yes         No
   10026067                    84    697                                 Electric, Gas, Sewer, Water   No          No
   10025246      17     940    30  1,125      8  1,300                   Electric, Sewer, Water        No          No
20049247003                    72    633     25    790                   E                             No
   10024777                    69    669      6    800                   Electric                      No          No
   10026057                    48    806                                 Electric                      No          No
20048513004                                  45    849                   E, G, S, W                    No
------------------------------------------------------------------------------------------------------------------------------------




----------------------------------------------------------------------------------------------------------------------------
                 PRIMARY        MASTER       TRUSTEE       CASH/PMT                                      NET MORTGAGE
                SERVICING      SERVICING    & PAYING      COLLECTION    SUBSERVICER                        INTEREST
LOAN #          FEE RATE       FEE RATE     AGENT FEE      FUNCTION         FEE          ADMIN. FEE          RATE
----------------------------------------------------------------------------------------------------------------------------

20048546006
      58228
20059210001
   10025850
      58596
   10025445
20049203002
20049231001
20048509008
   10025919
20048538002
   10025823
   10026067
   10025246
20049247003
   10024777
   10026057
20048513004
----------------------------------------------------------------------------------------------------------------------------