Banc of America Merrill Lynch Commercial Mortgage
Filed: 8 Dec 04, 12:00am
ANNEX A CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS The schedule and tables appearing in this Annex A set forth certain information with respect to the Mortgage Loans and Mortgaged Properties. Unless otherwise indicated, such information is presented as of the Cut-off Date. The statistics in such schedule and tables were derived, in many cases, from information and operating statements furnished by or on behalf of the respective borrowers. Such information and operating statements were generally unaudited and have not been independently verified by the Depositor or any Underwriter, or any of their respective affiliates or any other person. All numerical and statistical information presented in this prospectus supplement are calculated as described under "Summary of Prospectus Supplement--Mortgage Loans--Certain Mortgage Loan Calculations". For purposes of the prospectus supplement, including the schedule and tables in this Annex A, the indicated terms shall have the following meanings and the schedules and tables in this Annex A will be qualified by the following: 1. "Administrative Fee Rate" means the sum of the Master Servicing Fee Rate (including the per annum rates at which the monthly sub-servicing fee is payable to the related Sub-Servicer (the "Sub-Servicing Fee Rate")), plus the per annum rate applicable to the calculation of the Trustee Fee. 2. "Annual Debt Service" means the amount derived by multiplying the Monthly Payment set forth for each Mortgage Loan in this Annex A by twelve. For purposes of calculating the "Annual Debt Service" for Loan Nos. 58484, 58499, 58545, 58546, 58564, 58583 and 58587, the amount of the Monthly Payment is calculated based upon (a) the related interest rate, (b) a 360 month amortization term and (c) the related original principal balance. For purposes of calculating the "Annual Debt Service" for Loan No. 58318 amount shown on Annex A represents the average interest and principal payment for the first 12 payment periods beginning on the first payment date of such Mortgage Loan as set forth in Annex F. 3. "Appraisal Value" means, for any Mortgaged Property, the appraiser's value as stated in the appraisal available to the Depositor as of the date specified on the schedule. 4. "Balloon" means a loan that has a significant outstanding balance at maturity. 5. "Cash Flow" means with respect to any Mortgaged Property, the total cash flow available for Annual Debt Service on the related Mortgage Loan, generally calculated as the excess of Revenues over Expenses, capital expenditures and tenant improvements and leasing commissions. (i) "Revenues" generally consist of certain revenues received in respect of a Mortgaged Property, including, for example, (A) for the Multifamily Mortgaged Properties, rental and other revenues; (B) for the Commercial Mortgaged Properties, base rent (less mark-to-market adjustments in some cases), percentage rent, expense reimbursements and other revenues; and (C) for hotel Mortgaged Properties, guest room rates, food and beverage charges, telephone charges and other revenues. (ii) "Expenses" generally consist of all expenses incurred for a Mortgaged Property, including for example, salaries and wages, the costs or fees of utilities, repairs and maintenance, marketing, insurance, management, landscaping, security (if provided at the Mortgaged Property) and the amount of real estate taxes, general and administrative expenses, ground lease payments, and other costs but without any deductions for debt service, depreciation and amortization or capital expenditures therefor. In the case of hotel Mortgaged Properties, Expenses include, for example, expenses relating to guest rooms (hotels only), food and beverage costs, telephone bills, and rental and other expenses, and such operating expenses as general and administrative, marketing and franchise fees. In certain cases, Full Year Cash Flow, Most Recent Cash Flow and/or U/W Cash Flow have been adjusted by removing certain non-recurring expenses and revenue or by certain other A-1 normalizations. Such Cash Flow does not necessarily reflect accrual of certain costs such as capital expenditures and leasing commissions and does not reflect non-cash items such as depreciation or amortization. In some cases, capital expenditures and non-recurring items may have been treated by a borrower as an expense but were deducted from Most Recent Expenses, Full Year Expenses or U/W Expenses to reflect normalized Most Recent Cash Flow, Full Year Cash Flow or U/W Cash Flow, as the case may be. The Depositor has not made any attempt to verify the accuracy of any information provided by each borrower or to reflect changes that may have occurred since the date of the information provided by each borrower for the related Mortgaged Property. Such Cash Flow was not necessarily determined in accordance with generally accepted accounting principles ("GAAP"). Such Cash Flow is not a substitute for net income determined in accordance with GAAP as a measure of the results of a Mortgaged Property's operations or a substitute for cash flows from operating activities determined in accordance with GAAP as a measure of liquidity. Moreover, in certain cases such Cash Flow may reflect partial-year annualizations. 6. "Cut-off Date Loan-to-Value Ratio", "Cut-off Date LTV Ratio" or "Cut-off Date LTV" means, with respect to any Mortgage Loan, the Cut-off Date Balance of such Mortgage Loan divided by the Appraisal Value of the related Mortgaged Property. 7. "DEFEASANCE" means, with respect to any Mortgage Loan, that such Mortgage Loan is subject to a Defeasance Option. 8. "Discount Rate" means, with respect to any prepayment premium calculation, the yield on the U.S. Treasury issue with a maturity date closest to the maturity date for the Mortgage Loan being prepaid, or an interpolation thereof. 9. "Full Year End Date" means, with respect to each Mortgage Loan, the date indicated in Annex A as the "Full Year End Date" with respect to such Mortgage Loan, which date is generally the end date with respect to the period covered by the latest available annual operating statement provided by the related borrower. 10. "Full Year Cash Flow" means, with respect to any Mortgaged Property, the Cash Flow derived therefrom that was available for debt service, calculated as Full Year Revenues less Full Year Expenses, Full Year capital expenditures and Full Year tenant improvements and leasing commissions. See also "Cash Flow" above. (i) "Full Year Revenues" are the Revenues received (or annualized or estimated in certain cases) in respect of a Mortgaged Property for the 12-month period ended as of the Full Year End Date, based upon the latest available annual operating statement and other information furnished by the borrower for its most recently ended fiscal year. (ii) "Full Year Expenses" are the Expenses incurred (or annualized or estimated in certain cases) for a Mortgaged Property for the 12-month period ended as of the Full Year End Date, based upon the latest available annual operating statement and other information furnished by the borrower for its most recently ended fiscal year. 11. "Fully Amortizing" means fully amortizing Mortgage Loan; except that such Mortgage Loan may have a payment due at its maturity in excess of its scheduled Monthly Payment. 12. "Hyper Am" means ARD Loan. 13. "Int Diff (BEY) - B" refers to a method of calculation of a yield maintenance premium. Except as described below with respect to Loan No. 58583, under this method prepayment premiums are generally equal to an amount equal to the greater of (a) one percent (1%) of the principal amount being prepaid or (b) the product obtained by multiplying (x) the principal amount being prepaid, times (y) the difference obtained by subtracting (I) the Yield Rate from (II) the mortgage rate of the related Mortgage Note, times (z) the present value factor calculated using the following formula: 1-(1+r)(-n) ----------- r A-2 where r is equal to the Yield Rate and n is equal to the number of years and any fraction thereof, remaining between the date the prepayment is made and the maturity date of the related Mortgage Note. As used in this definition, "Yield Rate" means the yield rate for the specified United States Treasury security, as reported in The Wall Street Journal on the fifth business day preceding the date the prepayment is required in the related Mortgage Loan documents. Loan Nos. 58545, 58546 and 58583 have been assumed to be included in this category for purposes of Annex A. With respect to Loan No. 58583, the yield maintenance premium will be calculated as described above, but based on an assumption that the loan matures on the optional repayment date for such loan. 14. "Int Diff (MEY)" refers to a method of calculation of a yield maintenance premium. Under this method, "Yield Maintenance" means a prepayment premium in an amount equal to the greater of (i) one percent (1%) of the portion of the Loan being prepaid, and (ii) the present value of a series of payments each equal to the Int Diff Payment Amount over the remaining original term of the related Mortgage Note and on the maturity date of the related Mortgage Loans, discounted at the Reinvestment Yield for the number of months remaining as of the date of such prepayment to each such date that payment is required under the related Mortgage Loan documents and the maturity date of the related Mortgage Loans. "Int Diff Payment Amount" means the amount of interest which would be due on the portion of the Mortgage Loan being prepaid, assuming a per annum interest rate equal to the excess (if any) of the Mortgage Rate of the related Mortgage Loan over the Reinvestment Yield. "Reinvestment Yield" means the yield rate for the specified United States Treasury security as described in the underlying Note converted to a monthly compounded nominal yield. Loan No. 58307 has been assumed to be included in this category for purposes of Annex A. 15. "Interest Only": means any Mortgage Loan which requires scheduled payments of interest only until the related Maturity Date, or Anticipated Repayment Date. 16. "IO, Balloon": means any Mortgage Loan which requires only scheduled payments of interest for some (but not all) of the term of such Mortgage Loan and that has a significant outstanding balance at maturity. 17. "IO, Hyper Am" means any Mortgage Loan which is both an Interest Only Mortgage Loan and a Hyper Am Mortgage Loan. 18. "Leasable Square Footage" or "Net Rentable Area (SF)" means, in the case of a Mortgaged Property operated as a retail center, office complex or industrial or warehouse facility, the square footage of the net leasable area. 19. "Maturity" or "Maturity Date" means, with respect to any Mortgage Loan, the date specified in the related Mortgage Note as its stated maturity date, or with respect to any ARD Loan, its Anticipated Repayment Date. 20. "Maturity Date Balance" means, with respect to any Mortgage Loan, the balance due at maturity, or in the case of ARD Loans, the related Anticipated Repayment Date, assuming no prepayments, defaults or extensions. 21. "Maturity Date Loan-to-Value Ratio" or "Maturity Date LTV" means, with respect to any Mortgage Loan, the Maturity Date Balance, divided by the Appraisal Value of the related Mortgaged Property. 22. "Most Recent Cash Flow" means, with respect to any Mortgaged Property, the Cash Flow derived therefrom that was available for debt service, calculated as Most Recent Revenues less Most Recent Expenses, Most Recent capital expenditures and Most Recent tenant improvements and leasing commissions. See also "Cash Flow" above. (i) "Most Recent Revenues" are the Revenues received (or annualized or estimated in certain cases) in respect of a Mortgaged Property for the 12-month period ended on the Most Recent Date, based upon operating statements and other information furnished by the related borrower. A-3 (ii) "Most Recent Expenses" are the Expenses incurred (or annualized or estimated in certain cases) for a Mortgaged Property for the 12-month period ended on the Most Recent Date, based upon operating statements and other information furnished by the related borrower. 23. "Most Recent Financial End Date" means, with respect to any Mortgage Loan, the date indicated in Annex A as the "Most Recent End Date" with respect to such Mortgage Loan which date is generally the end date with respect to the period covered by the latest available operating statement provided by the related borrower. 24. "Most Recent Statement Type" means certain financial information with respect to the Mortgaged Properties as set forth in the three categories listed in (i) through (iii) immediately below. (i) "Full Year" means certain financial information regarding the Mortgaged Properties presented as of the date which is presented in the Most Recent Financial End Date. (ii) "Annualized Most Recent" means certain financial information regarding the Mortgaged Properties which has been annualized based upon one month or more of financial data. (iii) "Trailing 12 Months" means certain financial information regarding a Mortgaged Properties which is presented for the trailing 12 months prior to the Most Recent Financial End Date. 25. "NPV (BEY)" refers to a method of calculation of a yield maintenance premium. Except as described below, under this method prepayment premiums are generally equal to an amount equal to the greater of (a) an amount equal to one percent (1%) of the then outstanding principal balance of the related Mortgage Loan or (b) an amount equal to (y) the sum of the present values as of the date of prepayment of the related Mortgage Loan of all unpaid principal and interest payments required under the related Mortgage Note, calculated by discounting such payments from their respective scheduled payment dates back to the date of prepayment of the related Mortgage Loan at a discount rate based on a treasury rate as provided in the underlying note, minus (z) the outstanding principal balance of the loan as of the date of prepayment of the related Mortgage Loan. Loan Nos. 58484 and 11393 have been assumed to be included in this category for purposes of Annex A. With respect to Loan No. 58484, the yield maintenance premium will be calculated as described above, but based on an assumption that the loan prepays on the third payment date prior to the maturity date for such loan and using a discount rate equal to 50 basis points plus the treasury rate provided in the underlying note. With respect to Loan No. 11393, the yield maintenance premium will be calculated as described above, except that with respect to any payment of principal made on any of the nine payment dates prior to the open period, a fixed prepayment premium will apply instead equal to 1% of the amount prepaid. 26. "Occupancy %" or "Occupancy Percent" means the percentage of Leasable Square Footage or Total Units/Rooms/Pads, as the case may be, of the Mortgaged Property that was occupied as of a specified date, as specified by the borrower or as derived from the Mortgaged Property's rent rolls, which generally are calculated by physical presence or, alternatively, collected rents as a percentage of potential rental revenues. 27. "OPEN" means, with respect to any Mortgage Loan that such Mortgage Loan may be voluntarily prepaid without a Prepayment Premium. 28. "Periodic Treasury Yield" means (a) the annual yield to maturity of the actively traded noncallable United States Treasury fixed interest rate security (other than such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the maturity date (or if two or more securities have maturity dates equally close to the maturity date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth A-4 business day preceding the prepayment date, divided by (b) twelve, if scheduled payment dates are monthly, or four, if scheduled payment dates are quarterly. 29. "Related Loans" means two or more Mortgage Loans with respect to which the related Mortgaged Properties are either owned by the same entity or owned by two or more entities controlled by the same key principals. 30. "Units", "Rooms" and "Pads" respectively, mean: (i) in the case of a Mortgaged Property operated as multifamily housing, the number of apartments, regardless of the size of or number of rooms in such apartment (referred to in the schedule as "Units"); (ii) in the case of a Mortgaged Property operated as a hotel, the number of rooms (referred to in the schedule as "Rooms"); and (iii) in the case of a Mortgaged Property operated as a Manufactured Housing Community, the number of pads (referred to in the schedule as "Pads"). 31. "UPB" means, with respect to any Mortgage Loan, its unpaid principal balance. 32. "U/W Cash Flow", "Underwritten Cash Flow" or "Underwriting Cash Flow" means, with respect to any Mortgaged Property, the Cash Flow derived therefrom that was available for debt service, calculated as U/W Revenues less U/W Expenses, U/W Reserves and U/W tenant improvements and leasing commissions. See also "Cash Flow" above. (i) "U/W Revenues" are the anticipated Revenues in respect of a Mortgaged Property, generally determined by means of an estimate made at the origination of such Mortgage Loan or, as in some instances, as have been subsequently updated. U/W Revenues have generally been calculated (a) assuming that the occupancy rate for the Mortgaged Property was consistent with the Mortgaged Property's current or historical rate, or the relevant market rate, if such rate was less than the occupancy rate reflected in the most recent rent roll or operating statements, as the case may be, furnished by the related borrower, and (b) in the case of retail, office, industrial and warehouse Mortgaged Properties, assuming a level of reimbursements from tenants consistent with the terms of the related leases or historical trends at the Mortgaged Property, and in certain cases, assuming that a specified percentage of rent will become defaulted or otherwise uncollectible. In addition, in the case of retail, office, industrial and warehouse Mortgaged Properties, upward adjustments may have been made with respect to such revenues to account for all or a portion of the rents provided for under any new leases scheduled to take effect later in the year. Also, in the case of certain Mortgaged Properties that are operated as nursing home or hotel properties and are subject to an operating lease with a single operator, U/W Revenues were calculated based on revenues received by the operator rather than rental payments received by the related borrower under the operating lease. (ii) "U/W Expenses" are the anticipated Expenses in respect of a Mortgaged Property, generally determined by means of an estimate made at the origination of such Mortgage Loan or as in some instances as may be updated. U/W Expenses were generally assumed to be equal to historical annual expenses reflected in the operating statements and other information furnished by the borrower, except that such expenses were generally modified by (a) if there was no management fee or a below market management fee, assuming that a management fee was payable with respect to the Mortgaged Property in an amount approximately equal to a percentage of assumed gross revenues for the year, (b) adjusting certain historical expense items upwards or downwards to amounts that reflect industry norms for the particular type of property and/or taking into consideration material changes in the operating position of the related Mortgaged Property (such as newly signed leases and market data) and (c) adjusting for non-recurring items (such as capital expenditures) and tenant improvement and leasing commissions, if applicable (in the case of certain retail, office, industrial and warehouse Mortgaged Properties, adjustments may have been made to account for tenant improvements and leasing commissions at costs consistent with historical trends or prevailing market conditions and, in other cases, operating expenses did not include such costs). A-5 Actual conditions at the Mortgaged Properties will differ, and may differ substantially, from the assumed conditions used in calculating U/W Cash Flow. In particular, the assumptions regarding tenant vacancies, tenant improvements and leasing commissions, future rental rates, future expenses and other conditions if and to the extent used in calculating U/W Cash Flow for a Mortgaged Property, may differ substantially from actual conditions with respect to such Mortgaged Property. There can be no assurance that the actual costs of reletting and capital improvements will not exceed those estimated or assumed in connection with the origination or purchase of the Mortgage Loans. In most cases, U/W Cash Flow describes the cash flow available after deductions for capital expenditures such as tenant improvements, leasing commissions and structural reserves. In those cases where such "reserves" were so included, no cash may have been actually escrowed. No representation is made as to the future net cash flow of the properties, nor is U/W Cash Flow set forth herein intended to represent such future net cash flow. 33. "U/W DSCR", "Underwritten DSCR", "Underwritten Debt Service Coverage Ratio", "Underwriting DSCR" or "Underwriting Debt Service Coverage Ratio" means, with respect to any Mortgage Loan (a) the U/W Cash Flow for the related Mortgaged Property divided by (b) the Annual Debt Service for such Mortgage Loan. 34. "U/W Replacement Reserves" means, with respect to any Mortgaged Property, the aggregate amount of on-going reserves (generally for capital improvements and replacements) assumed to be maintained with respect to such Mortgaged Property. In each case, actual reserves, if any, may be less than the amount of U/W Reserves. 35. "U/W Replacement Reserves Per Unit" means, with respect to any Mortgaged Property, (a) the related U/W Reserves, divided by (b) the number of Units, Rooms, Leasable Square Feet or Pads, as applicable. 36. "YM" means, with respect to any Mortgage Loan, a yield maintenance premium. 37. For purposes of the calculation of the Net Mortgage Rate in Annex A to this prospectus supplement, such values were calculated without regard to the adjustment described in the definition of Net Mortgage Rates in this prospectus supplement under "Description of the Certificates--Pass-Through Rates". 38. Loan number 10416 was originated on August 10, 2004 with an initial principal balance of $3,967,500 and monthly debt service of $22,598.50. A $157,500 earnout funding was advanced on October 20, 2004 which increased the principal balance to $3,963,634.00 and the monthly debt service to $23,533.64 (starting with the November 1, 2004 payment date). The initial principal balance, interest rate, original term to stated maturity or Anticipated Repayment Date, original amortization term, first payment date, monthly debt service and prepayment provisions shown in Annex A are subsequent to the earnout advance. 39. The Mortgage Rate and Net Mortgage Rate for loan number 58544 are subject to change prior to pricing. A-6 PREPAYMENT LOCK-OUT/PREPAYMENT ANALYSIS BASED ON OUTSTANDING PRINCIPAL BALANCE(1)(2)(3) ALL MORTGAGE LOANS DEC-04 DEC-05 DEC-06 DEC-07 DEC-08 DEC-09 DEC-10 DEC-11 ------- ------- ------- ------- ------- ------- ------- ------- Locked Out ............ 99.70% 99.70% 98.44% 85.52% 85.37% 82.24% 84.12% 97.28% Yield Maintenance(4) ..... 0.30% 0.30% 1.56% 14.48% 14.34% 15.27% 15.88% 1.20% Penalty 1.0% .......... 0.00% 0.00% 0.00% 0.00% 0.30% 0.00% 0.00% 0.00% Open .................. 0.00% 0.00% 0.00% 0.00% 0.00% 2.49% 0.00% 1.52% ------- ------- ------- ------- ------- ------- ------- ------- Total ................. 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% ------- ------- ------- ------- ------- ------- ------- ------- Total Balance as of the Cut-off Date (in millions) ...... $976.58 $969.64 $961.21 $951.32 $940.26 $758.72 $728.93 $499.57 ------- ------- ------- ------- ------- ------- ------- ------- Percent of Mortgage Pool Balance ............ 100.00% 99.29% 98.43% 97.41% 96.28% 77.69% 74.64% 51.15% ------- ------- ------- ------- ------- ------- ------- ------- DEC-12 DEC-13 DEC-14 DEC-15 DEC-16 DEC-17 DEC-18 ------- ------- ------- ------- ------- ------- ------- Locked Out ............ 97.10% 97.10% 58.53% 100.00% 100.00% 100.00% 100.00% Yield Maintenance(4) ..... 1.29% 1.29% 0.00% 0.00% 0.00% 0.00% 0.00% Penalty 1.0% .......... 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Open .................. 1.62% 1.62% 41.47% 0.00% 0.00% 0.00% 0.00% ------- ------- ------- ------- ------- ------- ------- Total ................. 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% ------- ------- ------- ------- ------- ------- ------- Total Balance as of the Cut-off Date (in millions) ...... $459.17 $449.38 $ 40.39 $ 1.22 $ 0.94 $ 0.64 $ 0.32 ------- ------- ------- ------- ------- ------- ------- Percent of Mortgage Pool Balance ............ 47.02% 46.02% 4.14% 0.13% 0.10% 0.07% 0.03% ------- ------- ------- ------- ------- ------- ------- - ---------- (1) Prepayment provisions in effect as a percentage of outstanding loan balances as of the indicated date assuming no prepayments on the Mortgage Loans, if any. (2) As of the Cut-off Date. (3) Numbers may not total to 100% due to rounding. (4) As of the Cut-off Date, four Mortgage Loans, representing 3.8% of the Initial Pool Balance are subject to yield maintenance prepayment provisions after the Lock-out Period. The remaining Mortgage Loans, representing 85.9% of the Initial Pool Balance are subject to defeasance after an initial restriction period (with the exception of Loan No. 58484 (representing 10.0% of the initial pool balance) which allows for the related borrower's option of either yield maintenance or defeasance after the Lock-out Period). With respect to Loan No. 11393, there is no Lock-out Period, however, there is yield maintenance for the first 47 months after which a fixed prepayment premium of 1% instead of yield maintenance with respect to any prepayment made on any of the nine payment dates prior to the open period (for purposes of this table, such fixed prepayment premium has been treated as yield maintenance). A-7 MORTGAGE POOL PROPERTY TYPE % OF WEIGHTED WEIGHTED WEIGHTED NUMBER OF AGGREGATE INITIAL AVERAGE MIN/MAX AVERAGE MIN/MAX AVERAGE MORTGAGED CUT-OFF DATE POOL UNDERWRITTEN UNDERWRITTEN CUT-OFF DATE CUT-OFF DATE MORTGAGE PROPERTY TYPE PROPERTIES BALANCE BALANCE DSCR DSCR LTV RATIO LTV RATIO RATE - ---------------------- ---------- ------------ ------- ------------ ------------ ------------ ------------ -------- Retail ............... 36 $423,910,455 43.4% 1.40x 1.20x/2.61x 72.0% 34.7%/81.9% 5.363% Anchored .......... 24 381,723,331 39.1 1.39x 1.20x/1.98x 72.4% 34.8%/81.9% 5.339% Unanchored ........ 7 23,773,518 2.4 1.55x 1.21x/2.61x 66.9% 34.7%/79.7% 5.611% Shadow Anchored ... 5 18,413,606 1.9 1.43x Office ............... 16 294,833,333 30.2 1.54x 1.25x/1.67x 70.2% 56.0%/77.6% 5.531% Multifamily .......... 13 148,730,534 15.2 1.28x 1.21x/1.73x 67.6% 59.9%/80.0% 5.440% Self Storage ......... 8 31,594,284 3.2 1.53x 1.20x/1.63x 77.3% 62.6%/80.0% 4.957% Manufactured 1.27x/1.93x 70.4% 51.5%/74.8% 5.492% Housing ........... 3 26,068,254 2.7 1.24x Industrial ........... 2 23,900,916 2.4 1.32x 1.21x/1.42x 74.0% 66.0%/80.0% 5.444% Hotel ................ 3 18,556,924 1.9 1.56x 1.32x/1.32x 73.9% 71.9%/80.0% 5.604% Land ................. 1 8,989,648 0.9 1.35x 1.43x/1.69x 61.3% 54.1%/69.8% 6.116% -- ------------ ----- 1.35x/1.35x 84.8% 84.8%/84.8% 5.235% Total/Wtd Avg ........ 82 $976,584,348 100.0% 1.43x 1.20x/2.61x 71.4% 34.7%/84.8% 5.350% == ============ ===== MORTGAGE POOL CUT-OFF DATE BALANCES % OF WEIGHTED WEIGHTED WEIGHTED RANGE OF NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE CUT-OFF DATE MORTGAGE CUT-OFF DATE POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE BALANCES LOANS BALANCE BALANCE DSCR LTV RATIO RATE - ------------------------------ --------- ------------ ------- ------------ ------------ -------- $1,802,089 -- $1,999,999 ..... 2 $ 3,799,955 0.4% 1.47x 71.8% 5.547% $2,000,000 -- $2,999,999 ..... 10 25,471,295 2.6 1.40x 69.6% 5.684% $3,000,000 -- $3,999,999 ..... 10 35,402,080 3.6 1.57x 64.6% 5.492% $4,000,000 -- $4,999,999 ..... 6 28,351,255 2.9 1.49x 68.3% 5.482% $5,000,000 -- $7,499,999 ..... 16 96,639,430 9.9 1.39x 71.9% 5.541% $7,500,000 -- $9,999,999 ..... 4 34,053,743 3.5 1.43x 72.1% 5.586% $10,000,000 -- $14,999,999 ... 11 135,291,908 13.9 1.32x 75.7% 5.301% $15,000,000 -- $19,999,999 ... 9 159,771,583 16.4 1.36x 72.2% 5.320% $20,000,000 -- $29,999,999 ... 7 168,460,321 17.2 1.33x 74.1% 5.388% $30,000,000 -- $49,999,999 ... 3 123,903,549 12.7 1.40x 74.4% 5.680% $50,000,000 -- $97,504,000 ... 2 165,439,229 16.9 1.67x 64.1% 4.862% -- ------------ ----- Total/Wtd Avg ................ 80 $976,584,348 100.0% 1.43x 71.4% 5.350% == ============ ===== A-8 MORTGAGE POOL GEOGRAPHIC DISTRIBUTION % OF WEIGHTED WEIGHTED WEIGHTED NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE MORTGAGED CUT-OFF DATE POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE MORTGAGED PROPERTY LOCATION PROPERTIES BALANCE BALANCE DSCR LTV RATIO RATE - --------------------------- ---------- ------------ ------- ------------ ------------ -------- California ................ 24 $263,316,042 27.0% 1.38x 72.4% 5.431% Texas ..................... 8 166,518,424 17.1 1.58x 66.7% 5.113% Virginia .................. 6 87,245,274 8.9 1.52x 65.2% 5.897% Ohio ...................... 4 80,688,679 8.3 1.26x 79.2% 5.515% New Hampshire ............. 2 71,119,038 7.3 1.60x 65.4% 4.736% Florida ................... 9 52,026,188 5.3 1.53x 66.4% 5.258% Georgia ................... 3 47,541,676 4.9 1.22x 79.7% 5.236% Nevada .................... 1 28,300,000 2.9 1.21x 79.7% 4.952% Illinois .................. 4 27,989,985 2.9 1.27x 73.4% 5.469% South Carolina ............ 2 25,880,938 2.7 1.49x 71.1% 5.582% Washington ................ 3 24,438,662 2.5 1.27x 79.6% 5.600% North Carolina ............ 2 15,434,146 1.6 1.32x 77.0% 6.038% Minnesota ................. 2 14,708,567 1.5 1.23x 79.9% 5.115% Kentucky .................. 1 13,300,000 1.4 1.27x 79.8% 4.710% New Jersey ................ 1 13,173,063 1.3 1.24x 79.8% 5.500% Oregon .................... 3 10,875,607 1.1 1.56x 59.1% 5.528% Rhode Island .............. 1 8,989,648 0.9 1.35x 84.8% 5.235% Pennsylvania .............. 1 5,789,395 0.6 1.64x 61.9% 6.000% Tennessee ................. 1 5,588,073 0.6 1.48x 74.5% 5.300% Indiana ................... 1 4,720,000 0.5 1.22x 80.0% 5.521% Arizona ................... 1 3,000,000 0.3 2.61x 34.7% 5.080% Michigan .................. 1 2,994,202 0.3 1.42x 66.0% 5.750% Utah ...................... 1 2.946,741 0.3 1.63x 62.6% 5.452% -- ------------ ----- Total/Wtd Avg ............. 82 $976,584,348 100.0% 1.43x 71.4% 5.350% == ============ ===== - ---------- o The Mortgaged Properties are located throughout 23 states. A-9 MORTGAGE POOL UNDERWRITTEN DEBT SERVICE COVERAGE RATIO % OF WEIGHTED WEIGHTED WEIGHTED NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE RANGE OF MORTGAGE CUT-OFF DATE POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE UNDERWRITTEN DSCR(S) LOANS BALANCE BALANCE DSCR LTV RATIO RATE - --------------------------- --------- ------------ ------- ------------ ------------ -------- 1.20x -- 1.24x ............ 21 $247,942,336 25.4% 1.22x 78.8% 5.248% 1.25x -- 1.29x ............ 14 177,648,712 18.2 1.26x 77.6% 5.628% 1.30x -- 1.34x ............ 9 115,220,003 11.8 1.33x 74.9% 5.736% 1.35x -- 1.39x ............ 3 12,698,334 1.3 1.39x 76.7% 5.753% 1.40x -- 1.49x ............ 9 69,240,741 7.1 1.45x 67.5% 5.450% 1.50x -- 1.59x ............ 9 79,039,140 8.1 1.56x 63.5% 5.419% 1.60x -- 1.69x ............ 7 101,590,748 10.4 1.63x 65.1% 4.976% 1.70x -- 1.79x ............ 3 142,602,000 14.6 1.72x 63.3% 5.045% 1.80x -- 1.89x ............ 2 8,469,607 0.9 1.90x 45.1% 5.064% 1.90x -- 1.99x ............ 2 19,132,727 2.0 1.97x 53.2% 5.263% 2.00x -- 2.61x ............ 1 3,000,000 0.3 2.61x 34.7% 5.080% -- ------------ ----- Total/Wtd Avg ............. 80 $976,584,348 100.0% 1.43x 71.4% 5.350% == ============ ===== MORTGAGE POOL CUT-OFF DATE LOAN-TO-VALUE RATIO % OF WEIGHTED WEIGHTED WEIGHTED RANGE OF NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE CUT-OFF DATE MORTGAGE CUT-OFF DATE POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE LTV RATIO(S) LOANS BALANCE BALANCE DSCR LTV RATIO RATE - --------------------------- --------- ------------ ------- ------------ ------------ -------- 34.7% -- 49.9% ............ 3 $ 21,475,607 2.2% 1.77x 44.9% 5.278% 50.0% -- 59.9% ............ 8 70,044,764 7.2 1.69x 55.8% 5.367% 60.0% -- 64.9% ............ 6 216,375,365 22.2 1.68x 64.1% 4.990% 65.0% -- 69.9% ............ 15 104,355,965 10.7 1.45x 67.9% 5.857% 70.0% -- 74.9% ............ 16 135,528,172 13.9 1.37x 72.9% 5.474% 75.0% -- 79.9% ............ 25 325,659,828 33.3 1.24x 79.0% 5.378% 80.0% -- 84.8% ............ 7 103,144,648 10.6 1.27x 80.8% 5.340% -- ------------ ----- Total/Wtd Avg ............. 80 $976,584,348 100.0% 1.43x 71.4% 5.350% == ============ ===== MORTGAGE POOL MATURITY DATE LOAN-TO-VALUE RATIO % OF WEIGHTED WEIGHTED WEIGHTED RANGE OF NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE MATURITY DATE MORTGAGE CUT-OFF DATE POOL UNDERWRITTEN MATURITY DATE MORTGAGE LTV RATIO(S) LOANS BALANCE BALANCE DSCR LTV RATIO RATE - --------------------------- --------- ------------ ------- ------------ ------------- -------- Fully Amortizing .......... 1 $ 3,475,607 0.4% 1.90x 0.7% 5.609% 34.7% -- 49.9% ............ 6 49,946,822 5.1 1.78x 42.6% 5.441% 50.0% -- 59.9% ............ 22 250,600,662 25.7 1.56x 57.8% 5.378% 60.0% -- 64.9% ............ 20 226,144,393 23.2 1.52x 63.2% 5.281% 65.0% -- 69.9% ............ 14 156,456,032 16.0 1.27x 67.1% 5.587% 70.0% -- 74.9% ............ 12 220,820,832 22.6 1.25x 72.1% 5.329% 75.0% -- 79.8% ............ 5 69,140,000 7.1 1.23x 78.5% 4.924% -- ------------ ----- Total/Wtd Avg(1) .......... 80 $976,584,348 100.0% 1.43x 64.5% 5.350% == ============ ===== (1) Excludes the Mortgage Loan that is fully amortizing with respect to calculating the weighted average Maturity Date LTV. A-10 MORTGAGE POOL MORTGAGE RATES % OF WEIGHTED WEIGHTED WEIGHTED RANGE OF NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE MORTGAGE MORTGAGE CUT-OFF DATE POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE RATES LOANS BALANCE BALANCE DSCR LTV RATIO RATE - --------------------------- --------- ------------ ------- ------------ ------------ -------- 4.682% -- 4.749% .......... 4 $ 93,327,229 9.6% 1.59x 65.2% 4.699% 4.750% -- 4.999% .......... 7 195,392,589 20.0 1.49x 70.8% 4.926% 5.000% -- 5.249% .......... 11 124,749,765 12.8 1.38x 72.0% 5.194% 5.250% -- 5.499% .......... 24 268,698,039 27.5 1.45x 71.0% 5.364% 5.500% -- 5.749% .......... 14 93,573,190 9.6 1.33x 74.8% 5.589% 5.750% -- 5.999% .......... 12 121,811,292 12.5 1.29x 77.5% 5.844% 6.000% -- 6.249% .......... 4 29,498,012 3.0 1.37x 70.2% 6.089% 6.250% -- 6.499% .......... 2 14,645,033 1.5 1.42x 62.0% 6.346% 6.500% -- 6.749% .......... 2 34,889,200 3.6 1.33x 67.2% 6.500% -- ------------ ----- Total/Wtd Avg ............. 80 $976,584,348 100.0% 1.43x 71.4% 5.350% == ============ ===== MORTGAGE POOL ORIGINAL TERM TO MATURITY % OF WEIGHTED WEIGHTED WEIGHTED ORIGINAL TERM NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE TO MATURITY MORTGAGE CUT-OFF DATE POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE (MONTHS) LOANS BALANCE BALANCE DSCR LTV RATIO RATE - --------------------------- --------- ------------ ------- ------------ ------------ -------- 60 -- 83 .................. 14 $199,662,511 20.4% 1.40x 72.8% 4.918% 84 -- 99 .................. 9 229,437,676 23.5 1.55x 68.7% 5.076% 100 -- 120 ................ 53 487,978,428 50.0 1.38x 72.5% 5.639% 121 -- 179 ................ 3 56,030,126 5.7 1.34x 71.0% 5.472% 180 ....................... 1 3,475,607 0.4 1.90x 34.8% 5.609% -- ------------ ----- Total/Wtd Avg ............. 80 $976,584,348 100.0% 1.43x 71.4% 5.350% == ============ ===== MORTGAGE POOL ORIGINAL AMORTIZATION TERM(1) ORIGINAL % OF WEIGHTED WEIGHTED WEIGHTED AMORTIZATION NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE TERM MORTGAGE CUT-OFF DATE POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE (MONTHS) LOANS BALANCE BALANCE DSCR LTV RATIO RATE - --------------------------- --------- ------------ ------- ------------ ------------ -------- Interest Only ............. 7 $166,296,000 17.0% 1.58x 67.3% 4.930% 180 -- 299 ................ 1 3,475,607 0.4 1.90x 34.8% 5.609% 300 -- 359 ................ 8 70,751,602 7.2 1.38x 72.1% 5.852% 360 ....................... 64 736,061,139 75.4 1.39x 72.5% 5.395% -- ------------ ----- Total/Wtd Avg ............. 80 $976,584,348 100.0% 1.43x 71.4% 5.350% == ============ ===== - ---------- (1) For Mortgage Loans that accrue interest on the basis of actual days elapsed during each calendar month and a 360-day year, the amortization term is the term in which the loan would amortize if interest is paid on the basis of a 30-day month and a 360-day year. The actual amortization term would be longer. A-11 MORTGAGE POOL REMAINING TERM TO MATURITY RANGE OF REMAINING % OF WEIGHTED WEIGHTED WEIGHTED TERMS TO NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE MATURITY MORTGAGE CUT-OFF DATE POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE (MONTHS) LOANS BALANCE BALANCE DSCR LTV RATIO RATE - --------------------------- --------- ------------ ------- ------------ ------------ -------- 55 -- 59 .................. 9 $129,462,511 13.3% 1.47x 69.8% 4.907% 60 -- 79 .................. 5 70,200,000 7.2 1.27x 78.3% 4.939% 80 -- 109 ................. 11 264,326,876 27.1 1.52x 68.5% 5.264% 110 -- 119 ................ 41 350,864,228 35.9 1.38x 73.8% 5.657% 120 -- 159 ................ 13 158,255,126 16.2 1.38x 70.3% 5.349% 160 -- 178 ................ 1 3,475,607 0.4 1.90x 34.8% 5.609% -- ------------ ----- Total/Wtd Avg ............. 80 $976,584,348 100.0% 1.43x 71.4% 5.350% == ============ ===== MORTGAGE POOL REMAINING STATED AMORTIZATION TERMS REMAINING % OF WEIGHTED WEIGHTED WEIGHTED STATED NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE AMORTIZATION MORTGAGE CUT-OFF DATE POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE TERMS (MONTHS) LOANS BALANCE BALANCE DSCR LTV RATIO RATE - --------------------------- --------- ------------ ------- ------------ ------------ -------- Interest Only ............. 7 $166,296,000 17.0% 1.58x 67.3% 4.930% 178 -- 274 ................ 1 3,475,607 0.4 1.90x 34.8% 5.609% 275 -- 299 ................ 5 24,295,919 2.5 1.50x 64.2% 5.936% 300 -- 324 ................ 1 4,500,000 0.5 1.69x 66.2% 5.730% 325 -- 349 ................ 3 72,889,200 7.5 1.29x 72.6% 6.139% 350 -- 360 ................ 63 705,127,622 72.2 1.40x 72.7% 5.343% -- ------------ ----- Total/Wtd Avg ............. 80 $976,584,348 100.0% 1.43x 71.4% 5.350% == ============ ===== MORTGAGE POOL SEASONING % OF WEIGHTED WEIGHTED WEIGHTED NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE SEASONING MORTGAGE CUT-OFF DATE POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE (MONTHS) LOANS BALANCE BALANCE DSCR LTV RATIO RATE - --------------------------- --------- ------------ ------- ------------ ------------ -------- 0 -- 4 .................... 73 $829,533,739 84.9% 1.45x 70.7% 5.247% 5 -- 8 .................... 5 112,161,409 11.5 1.24x 78.1% 5.751% 9 -- 28 ................... 2 34,889,200 3.6 1.33x 67.2% 6.500% -- ------------ ----- Total/Wtd Avg ............. 80 $976,584,348 100.0% 1.43x 71.4% 5.350% == ============ ===== MORTGAGE POOL YEAR OF MORTGAGE ORIGINATION % OF WEIGHTED WEIGHTED WEIGHTED NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE YEAR OF MORTGAGE CUT-OFF-DATE POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE ORIGINATION LOANS BALANCE BALANCE DSCR LTV RATIO RATE - --------------------------- --------- ------------ ------- ------------ ------------ -------- 2002 ...................... 2 $ 34,889,200 3.6% 1.33x 67.2% 6.500% 2004 ...................... 78 941,695,148 96.4 1.43x 71.6% 5.307% -- ------------ ----- Total/Wtd Avg ............. 80 $976,584,348 100.0% 1.43x 71.4% 5.350% == ============ ===== A-12 MORTGAGE POOL YEAR OF MORTGAGE MATURITY % OF WEIGHTED WEIGHTED WEIGHTED NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE YEAR OF MORTGAGE CUT-OFF DATE POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE MATURITY LOANS BALANCE BALANCE DSCR LTV RATIO RATE - --------------------------- --------- ------------ ------- ------------ ------------ -------- 2009 ...................... 13 $180,762,511 18.5% 1.42x 72.0% 4.904% 2010 ...................... 1 18,900,000 1.9 1.20x 79.8% 5.050% 2011 ...................... 9 229,437,676 23.5 1.55x 68.7% 5.076% 2012 ...................... 2 34,889,200 3.6 1.33x 67.2% 6.500% 2014 ...................... 52 465,214,354 47.6 1.39x 73.0% 5.570% 2015 ...................... 2 43,905,000 4.5 1.36x 70.0% 5.468% 2019 ...................... 1 3,475,607 0.4 1.90x 34.8% 5.609% -- ------------ ----- Total/Wtd Avg ............. 80 $976,584,348 100.0% 1.43x 71.4% 5.350% == ============ ===== A-13 (This Page Intentionally Left Blank) ANNEX A CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS Loan Loan Sequence Number Seller Property Name Property Address - ------------------------------------------------------------------------------------------------------------------------------------ 1 58563 BOFA King's Crossing 2150 North Tenaya Way 2 58587 BOFA Barrington at Park Place 3220 Duval Road 3 58583 BOFA Legacy at Museum Park 465 West San Carlos Street 4 58529 BOFA Stonebridge Apartments 4481 Stonecastle Drive 5 58564 BOFA Park Laureate Apartments 2050 Stony Brook Drive 6 58562 BOFA Wildwood Apartments 5877 Ross Road 7 58530 BOFA Colonial Pointe Apartments 2300 Econ Circle 8 58353 BOFA Lexington Hills Apartments 4116 Lexington Avenue South 9 10798 BOFA Belmont Park Apartments 4300 18th Street West 10 9106 BOFA Parkland Apartments 3202 Southeast 92nd Avenue 11 11693 BOFA Gateway Apartments 9910 Northeast Glisan Street 12 11393 BOFA Elk Meadows Apartments 2627 West Kilby Road 13 10441 BOFA Main Street Apartments 1209-1211 East Main Street 14 58318 BOFA Steeplegate Mall 270 Loudon Road 15 58294 BOFA Simon - Upper Valley Mall 1475 Upper Valley Pike 16.1 58112 BOFA Cupertino Village I 10821-10989 North Wolfe Road 16.2 58112 BOFA Cupertino Village II 10765-10801 North Wolfe Road 16.3 58112 BOFA Cupertino Village III 11111 North Wolfe Road 16 58112 BOFA CUPERTINO VILLAGE I, II & III (ROLL UP) Various 17 58586 BOFA Howe 'Bout Arden 2100 Arden Way 18 58544 BOFA 23rd & Madison 2211 East Madison Avenue 19 58414 BOFA Wal-Mart Supercenter - Douglasville 7001 Concourse Parkway 20 9278 BOFA Gateway Shopping Center 4201-4251 Oceanside Boulevard 21 58415 BOFA Wal-Mart Supercenter - Austell 1133 East-West Connector 22 58466 BOFA Northridge Shopping Center 10141-10235 Reseda Boulevard 23 58528 BOFA Gordon Square 5245-5327 Beach Boulevard 24 58477 BOFA Keyport Plaza 107 State Route 35 25 58160 BOFA Pacific Center-Gardena 1600 West Redondo Beach Boulevard 26 58273 BOFA North Summit Square 200 Summit Square Boulevard 27 58413 BOFA Sam's Club - Douglasville 6995 Concourse Parkway 28 58543 BOFA Cypress Lake Shopping Center 7191 Cypress Lake Drive 29 58545 BOFA The Shoppes at Golden Acres 9844 Little Road 30 58307 BOFA Rufe Snow Village Shopping Center 6238-6248 Rufe Snow Drive 31 58524 BOFA Dana Plaza Shopping Center 4101-4115 Concord Boulevard 32 58488 BOFA Sav-on Pasadena 727 South Arroyo Parkway 33 58390 BOFA Park Center Shopping 1011 Commerce Boulevard 34 58088 BOFA Brainerd Market Center 440 Greenway View Drive 35 58382 BOFA Rolling Meadows Retail 1401 West Algonquin Road 36 58487 BOFA Sav-on Santa Fe Springs 11426 Washington Boulevard 37 58546 BOFA Southwood Village Shopping Center 3551 Blair Stone Road 38 58489 BOFA Sav-on Riverside 491 Alessandro Boulevard 39 9785 BOFA Walgreens - Brooklyn Park 2024 85th Avenue North 40 58527 BOFA McComber Center 5402-5458 Beach Boulevard 41 58490 BOFA Santa Fe Springs Shopping Center 11400-11424 Washington Boulevard 42 58323 BOFA Springbrook Plaza 1012 North Springbrook Road 43 58499 BOFA Hillside Sedona 671 Highway 179 44 10830 BOFA Lincoln Park Retail Center 2603-2611 North Halsted Street 45 10093 BOFA Fidalgo Square 1702-1720 Commercial Avenue 46 10164 BOFA Shops at Prairie Crossing 544 - 552 Randall Road 47 9822 BOFA Sharpstown Plaza 7115-7149 Southwest Freeway 48 58484 BOFA Post Oak Central 1980, 1990 and 2000 Post Oak Boulevard 49 58440 BOFA Monument IV at Worldgate 12900 Worldgate Drive 50 58427 BOFA Sepulveda Center 3415 South Sepulveda Boulevard 51 58503 BOFA Veritas DGC Headquarters 10300 Town Park Drive 52 53054 BOFA Trinity Centre I 5870 Trinity Parkway 53 53224 BOFA Trinity Centre III 5885 Trinity Parkway SUB-TOTAL CROSSED LOANS 54 58452 BOFA Wells Fargo Home Mortgage Office Building 3480 Stateview Boulevard 55 58465 BOFA Calabasas Corporate Center 5230 Las Virgenes Road 56 8932 BOFA West County Professional Building 14120-14180 Beach Boulevard 57 58420 BOFA Medical Mutual of Ohio - Beachwood 23700 Commerce Park Road 58 58398 BOFA The Awalt Building 208 North Market Street 59 58480 BOFA Baylor Medical Plaza 6435 South FM 549 60 58145 BOFA Atrium Northwood Office Complex 7301 Rivers Avenue 61 10371 BOFA Bailey Plaza 200 Bailey Avenue 62 58147 BOFA One Wall Street 1100 Elm Street 63 10069 BOFA Bank of America Building- Lynnwood 3220 188th Street Southwest 64 58437 BOFA Tustin Business Park and Self-Lock Mini Storage 1542-1652 Edinger Avenue, 15012-15102 Red Hill Avenue, 1541-15042 Park Way Loop, and 1702 Moulton Parkway 65 58502 BOFA Georgia Pacific 13217 South Figueroa Street 66 58523 BOFA West Oak Self Storage 2505 Townsgate Road 67 58467 BOFA Coldwater Self Storage 7215 Coldwater Canyon Avenue 68 10416 BOFA Martin Self Storage - Market Street 5811 Market Street 69 58431 BOFA Shurgard - West Covina 2710 East Garvey Avenue South 70 58483 BOFA Glen Allen/ Montpelier Self Storage 13104 Mountain Road and 15066 Bethany Church Road 71 58451 BOFA Guardian Self Storage 2845 West King Street 72 11273 BOFA Stoway Mini Storage 2172 Wyandotte Street 73 58450 BOFA Rockledge Self Storage 1759 Huntington Lane and 434-446 Richard Road 74 58316 BOFA Zeman Portfolio - Forest Hills Village 5041 Boulder Avenue 75 58265 BOFA Zeman Portfolio - Hollywood Estates 144 Hollywood Boulevard 76 10437 BOFA Warren Dunes MHC 11159 Red Arrow Highway 77 10432 BOFA Hampton Inn - Alexandria 4800 Leesburg Pike 78 58500 BOFA Hampton Inn - Tallahassee 2979 Apalachee Parkway 79 9935 BOFA Fairfield Suites Jupiter 6748 West Indiantown Road 80 57800 BOFA Jefferson at Providence Place Ground Lease 1000 Providence Place ---------------------------------------------- ---------------------------------------------------------- TOTALS/WEIGHTED AVERAGE 80 LOANS Zip Property Sequence County City State Code Type - ------------------------------------------------------------------------------------------------------------------------------------ 1 Clark Las Vegas NV 89128 Multifamily 2 Travis Austin TX 78759 Multifamily 3 Santa Clara San Jose CA 95110 Multifamily 4 Greene Dayton OH 45440 Multifamily 5 Jefferson Louisville KY 40220 Multifamily 6 Butler Fairfield OH 45014 Multifamily 7 Orange Orlando FL 32817 Multifamily 8 Dakota Eagan MN 55123 Multifamily 9 Manatee Bradenton FL 34205 Multifamily 10 Multnomah Portland OR 97266 Multifamily 11 Multnomah Portland OR 97220 Multifamily 12 Summit Park City UT 84098 Multifamily 13 Richmond City Richmond VA 23219 Multifamily 14 Merrimack Concord NH 03301 Retail 15 Clark Springfield OH 45504 Retail 16.1 Santa Clara Cupertino CA 95014 Retail 16.2 Santa Clara Cupertino CA 95014 Retail 16.3 Santa Clara Cupertino CA 95014 Retail 16 Santa Clara Cupertino CA 95014 Retail 17 Sacramento Sacramento CA 95825 Retail 18 King Seattle WA 98112 Retail 19 Douglas Douglasville GA 30134 Retail 20 San Diego Oceanside CA 92056 Retail 21 Cobb Austell GA 30106 Retail 22 Los Angeles Los Angeles CA 91324 Retail 23 Orange Buena Park CA 90621 Retail 24 Monmouth Keyport NJ 07735 Retail 25 Los Angeles Gardena CA 90247 Retail 26 Forsyth Winston Salem NC 27105 Retail 27 Douglas Douglasville GA 30134 Retail 28 Lee Fort Myers FL 33907 Retail 29 Pasco New Port Richey FL 34654 Retail 30 Tarrant North Richland Hills TX 76148 Retail 31 Contra Costa Concord CA 94519 Retail 32 Los Angeles Pasadena CA 91105 Retail 33 Lackawanna Dickson City PA 18519 Retail 34 Hamilton Chattanooga TN 37411 Retail 35 Cook Rolling Meadows IL 60008 Retail 36 Los Angeles Santa Fe Springs CA 90606 Retail 37 Leon Tallahassee FL 32301 Retail 38 Riverside Riverside CA 92508 Retail 39 Hennepin Brooklyn Park MN 55444 Retail 40 Orange Buena Park CA 90621 Retail 41 Los Angeles Santa Fe Springs CA 90606 Retail 42 Yamhill Newberg OR 97132 Retail 43 Coconino Sedona AZ 86336 Retail 44 Cook Chicago IL 60614 Retail 45 Skagit Anacortes WA 98221 Retail 46 Kane South Elgin IL 60177 Retail 47 Harris Houston TX 77074 Retail 48 Harris Houston TX 77056 Office 49 Fairfax Herndon VA 20170 Office 50 Los Angeles Los Angeles CA 90034 Office 51 Harris Houston TX 77072 Office 52 Fairfax Centreville VA 20120 Office 53 Fairfax Centreville VA 20120 Office 54 York Fort Mill SC 29715 Office 55 Los Angeles Calabasas CA 91302 Office 56 Orange Westminster CA 92683 Office 57 Cuyahoga Beachwood OH 44122 Office 58 Dallas Dallas TX 75202 Office 59 Rockwall Heath TX 75032 Office 60 Charleston North Charleston SC 29406 Office 61 Tarrant Fort Worth TX 76107 Office 62 Hillsborough Manchester NH 03101 Office 63 Snohomish Lynnwood WA 98037 Office 64 Orange Tustin CA 92780 Industrial 65 Los Angeles Los Angeles CA 90061 Industrial 66 Ventura Thousand Oaks CA 91361 Self Storage 67 Los Angeles North Hollywood CA 91605 Self Storage 68 New Hanover Wilmington NC 28405 Self Storage 69 Los Angeles West Covina CA 91791 Self Storage 70 Henrico/Hanover Glen Allen and Montpelier VA 23059/23192 Self Storage 71 Brevard Cocoa FL 32926 Self Storage 72 Santa Clara Mountain View CA 94043 Self Storage 73 Brevard Rockledge FL 32955 Self Storage 74 Winnebago Loves Park IL 61111 Manufactured Housing Communities 75 Madison Anderson IN 46016 Manufactured Housing Communities 76 Berrien Bridgman MI 49106 Manufactured Housing Communities 77 Fairfax Alexandria VA 22302 Hotel 78 Leon Tallahassee FL 32301 Hotel 79 Palm Beach Jupiter FL 33458 Hotel 80 Providence Providence RI 02903 Land Cut-off Maturity Original Date Date Loan Mortgage Administrative Sequence Property Subtype Balance Balance Balance Type Rate Fee Rate (i) - ------------------------------------------------------------------------------------------------------------------------------------ 1 Garden Style $28,300,000 $28,300,000 $25,610,006 IO, Balloon 4.952% 0.122% 2 Garden Style 21,500,000 21,500,000 21,500,000 Interest Only 4.875% 0.122% 3 Apartment 18,900,000 18,900,000 18,900,000 IO, Hyper Am 5.050% 0.122% 4 Garden Style 14,200,000 14,182,151 13,066,701 Balloon 4.755% 0.122% 5 Garden Style 13,300,000 13,300,000 13,300,000 IO, Hyper Am 4.710% 0.122% 6 Garden Style 12,000,000 12,000,000 11,057,442 Balloon 4.835% 0.122% 7 Garden Style 11,200,000 11,186,438 9,214,238 Balloon 4.958% 0.122% 8 Garden Style 10,720,000 10,720,000 10,242,929 IO, Balloon 4.800% 0.122% 9 Garden Style 6,000,000 6,000,000 5,470,655 IO, Balloon 5.471% 0.082% 10 Garden Style 4,200,000 4,200,000 3,688,943 IO, Balloon 5.613% 0.072% 11 Garden Style 3,200,000 3,200,000 2,664,301 Balloon 5.327% 0.072% 12 Low Income Housing 2,950,000 2,946,741 2,742,389 Balloon 5.452% 0.102% 13 Multifamily/Retail 2,300,000 2,295,205 1,919,366 Balloon 5.400% 0.102% 14 Anchored 68,250,000 67,935,229 62,982,467 Balloon 4.700% 0.042% 15 Anchored 47,903,549 47,903,549 44,810,734 IO, Balloon 5.890% 0.042% 16.1 Anchored 31,020,408 31,020,408 26,505,936 16.2 Shadow Anchored 4,071,429 4,071,429 3,478,904 16.3 Shadow Anchored 2,908,163 2,908,163 2,484,931 16 Various 38,000,000 38,000,000 32,469,771 IO, Balloon 5.807% 0.122% 17 Anchored 24,800,000 24,800,000 22,116,297 IO, Balloon 5.255% 0.122% 18 Anchored 19,995,000 19,995,000 16,752,005 Balloon 5.537% 0.122% 19 Anchored 18,580,000 18,518,315 16,555,992 Hyper Am 5.235% 0.122% 20 Anchored 18,000,000 18,000,000 16,678,267 IO, Balloon 5.208% 0.082% 21 Anchored 17,900,000 17,840,573 15,950,068 Hyper Am 5.235% 0.122% 22 Anchored 15,200,000 15,182,727 12,642,041 Balloon 5.300% 0.122% 23 Anchored 15,000,000 15,000,000 12,455,232 Balloon 5.241% 0.122% 24 Anchored 13,200,000 13,173,063 11,049,549 Balloon 5.500% 0.122% 25 Anchored 12,705,000 12,705,000 10,602,838 Balloon 5.402% 0.122% 26 Anchored 11,520,000 11,478,463 9,811,630 Balloon 6.086% 0.122% 27 Anchored 11,220,000 11,182,788 9,998,797 Hyper Am 5.240% 0.122% 28 Anchored 8,500,000 8,500,000 7,093,815 Balloon 5.403% 0.122% 29 Anchored 7,098,000 7,098,000 7,098,000 Interest Only 4.682% 0.122% 30 Anchored 6,600,000 6,600,000 5,699,288 IO, Balloon 5.751% 0.122% 31 Anchored 6,400,000 6,400,000 5,708,864 IO, Balloon 5.267% 0.122% 32 Anchored 5,900,000 5,893,357 4,914,621 Balloon 5.349% 0.122% 33 Unanchored 5,800,000 5,789,395 4,928,273 Balloon 6.000% 0.122% 34 Shadow Anchored 5,600,000 5,588,073 4,658,687 Balloon 5.300% 0.122% 35 Unanchored 5,300,000 5,294,199 4,435,470 Balloon 5.500% 0.122% 36 Anchored 5,100,000 5,094,257 4,248,231 Balloon 5.349% 0.122% 37 Anchored 4,994,000 4,994,000 4,994,000 Interest Only 4.685% 0.122% 38 Anchored 4,950,000 4,944,426 4,123,282 Balloon 5.349% 0.122% 39 Anchored 4,000,000 3,988,567 3,394,005 Balloon 5.960% 0.072% 40 Shadow Anchored 3,750,000 3,750,000 3,113,808 Balloon 5.241% 0.122% 41 Unanchored 3,500,000 3,496,002 2,908,443 Balloon 5.272% 0.122% 42 Anchored 3,500,000 3,475,607 71,243 Fully Am 5.609% 0.122% 43 Unanchored 3,000,000 3,000,000 3,000,000 Interest Only 5.080% 0.122% 44 Unanchored 2,250,000 2,245,793 1,906,239 Balloon 5.900% 0.072% 45 Unanchored 2,150,000 2,146,041 1,825,154 Balloon 5.968% 0.072% 46 Shadow Anchored 2,100,000 2,095,941 1,771,253 Balloon 5.750% 0.072% 47 Unanchored 1,807,500 1,802,089 1,623,783 Balloon 5.450% 0.072% 48 Suburban 97,504,000 97,504,000 97,504,000 Interest Only 4.976% 0.042% 49 Suburban 38,000,000 38,000,000 35,245,439 IO, Balloon 5.289% 0.122% 50 Suburban 28,000,000 28,000,000 24,557,067 IO, Balloon 5.470% 0.122% 51 Single Tenant 23,910,000 23,910,000 21,845,858 IO, Balloon 5.410% 0.122% 52 Suburban 22,200,000 21,650,321 19,135,414 Balloon 6.500% 0.122% 53 Suburban 13,575,000 13,238,879 11,701,048 Balloon 6.500% 0.122% ---------- ---------- ---------- 35,775,000 34,889,200 30,836,462 54 Single Tenant Credit 20,300,000 20,300,000 18,299,727 IO, Balloon 5.373% 0.122% 55 Suburban 12,150,000 12,125,126 10,122,553 Balloon 5.485% 0.122% 56 Suburban 7,250,000 7,237,325 6,195,788 Balloon 6.199% 0.082% 57 Suburban 6,616,000 6,602,979 5,566,393 Balloon 5.667% 0.122% 58 CBD 6,200,000 6,181,481 5,228,180 Balloon 5.750% 0.122% 59 Medical 5,625,000 5,618,441 5,207,546 Balloon 5.162% 0.122% 60 Suburban 5,600,000 5,580,938 4,804,158 Balloon 6.340% 0.122% 61 CBD 3,412,500 3,402,413 2,881,895 Balloon 5.800% 0.072% 62 Suburban 3,200,000 3,183,809 2,977,483 Balloon 5.500% 0.092% 63 Single Tenant Credit 2,300,000 2,297,621 1,942,328 Balloon 5.800% 0.072% 64 Warehouse/Office/Self Storage 18,000,000 17,980,916 15,141,401 Balloon 5.669% 0.122% 65 Warehouse 5,920,000 5,920,000 5,295,839 IO, Balloon 5.405% 0.122% 66 Self Storage 7,500,000 7,500,000 6,548,528 IO, Balloon 5.293% 0.122% 67 Self Storage 5,750,000 5,740,986 4,383,675 Balloon 5.457% 0.122% 68 Self Storage 3,963,634 3,955,683 3,359,773 Balloon 5.900% 0.102% 69 Self Storage 3,950,000 3,950,000 3,267,305 Balloon 5.120% 0.122% 70 Self Storage 3,000,000 2,996,775 2,517,929 Balloon 5.595% 0.122% 71 Self Storage 2,760,000 2,757,055 2,319,301 Balloon 5.635% 0.122% 72 Self Storage 2,700,000 2,695,921 2,075,721 Balloon 5.700% 0.072% 73 Self Storage 2,000,000 1,997,866 1,680,653 Balloon 5.635% 0.122% 74 Manufactured Housing Communities 18,450,000 18,354,052 17,136,860 Balloon 5.375% 0.122% 75 Manufactured Housing Communities 4,720,000 4,720,000 4,467,253 IO, Balloon 5.521% 0.122% 76 Manufactured Housing Communities 3,000,000 2,994,202 2,530,361 Balloon 5.750% 0.092% 77 Limited Service 9,100,000 9,064,095 7,149,040 Balloon 6.350% 0.072% 78 Limited Service 5,000,000 4,992,829 3,888,171 Balloon 6.040% 0.122% 79 Limited Service 4,500,000 4,500,000 4,060,370 Balloon 5.730% 0.072% 80 Land Development 9,000,000 8,989,648 7,470,155 Balloon 5.235% 0.122% ------------ ------------ ------------ ----- ----- $978,499,183 $976,584,348 $878,276,329 5.350% 0.101% Original Original Sub- Net First Interest Term to Amortization Interest Servicing Mortgage Note Payment Accrual Monthly Maturity Term Only Seasoning Sequence Fee Rate Rate Date Date Method Payment (months) (months) (ii) Period (months) - ------------------------------------------------------------------------------------------------------------------------------------ 1 0.100% 4.830% 11/19/2004 1/1/2005 ACT/360 $151,091 84 360 12 2 0.100% 4.753% 11/10/2004 1/1/2005 ACT/360 60 60 3 0.100% 4.928% 12/9/2004 1/1/2005 ACT/360 61 61 4 0.100% 4.633% 10/27/2004 12/1/2004 ACT/360 74,117 60 360 1 5 0.100% 4.588% 11/1/2004 1/1/2005 ACT/360 60 60 6 0.100% 4.713% 12/1/2004 1/1/2005 ACT/360 63,214 60 360 7 0.100% 4.836% 10/27/2004 12/1/2004 ACT/360 59,837 120 360 1 8 0.100% 4.678% 9/27/2004 11/1/2004 ACT/360 56,244 60 360 24 2 9 0.060% 5.389% 9/30/2004 11/1/2004 ACT/360 33,958 84 360 11 2 10 0.050% 5.541% 9/27/2004 11/1/2004 ACT/360 24,146 120 360 23 2 11 0.050% 5.255% 11/2/2004 1/1/2005 ACT/360 17,823 120 360 12 0.080% 5.350% 10/14/2004 12/1/2004 ACT/360 16,661 60 360 1 13 0.080% 5.298% 9/22/2004 11/1/2004 ACT/360 12,915 120 360 2 14 0.020% 4.658% 7/22/2004 9/1/2004 ACT/360 350,095 60 360 4 15 0.020% 5.848% 6/30/2004 8/1/2004 ACT/360 283,827 120 360 60 5 16.1 16.2 16.3 16 0.100% 5.685% 6/7/2004 8/1/2004 ACT/360 226,013 120 348 12 5 17 0.100% 5.133% 11/18/2004 1/1/2005 ACT/360 137,023 120 360 36 18 0.100% 5.415% 12/8/2004 1/1/2005 ACT/360 113,994 121 360 1 19 0.100% 5.113% 8/20/2004 10/1/2004 ACT/360 102,427 84 360 3 20 0.060% 5.126% 11/4/2004 1/1/2005 ACT/360 98,929 120 360 60 21 0.100% 5.113% 8/20/2004 10/1/2004 ACT/360 98,678 84 360 3 22 0.100% 5.178% 10/12/2004 12/1/2004 ACT/360 84,406 120 360 1 23 0.100% 5.119% 11/9/2004 1/1/2005 ACT/360 82,747 120 360 24 0.100% 5.378% 9/30/2004 11/1/2004 ACT/360 74,948 120 360 2 25 0.100% 5.280% 11/24/2004 1/1/2005 ACT/360 71,358 120 360 26 0.100% 5.964% 7/21/2004 9/1/2004 ACT/360 69,706 120 360 4 27 0.100% 5.118% 8/20/2004 10/1/2004 ACT/360 61,888 84 360 3 28 0.100% 5.281% 11/18/2004 1/1/2005 ACT/360 47,746 120 360 29 0.100% 4.560% 11/23/2004 1/1/2005 30/360 84 84 30 0.100% 5.629% 9/1/2004 10/1/2004 ACT/360 38,520 120 360 12 3 31 0.100% 5.145% 11/15/2004 1/1/2005 ACT/360 35,408 120 360 36 32 0.100% 5.227% 10/12/2004 12/1/2004 ACT/360 32,943 120 360 1 33 0.100% 5.878% 9/29/2004 11/1/2004 ACT/360 34,774 120 360 2 34 0.100% 5.178% 9/22/2004 11/1/2004 ACT/360 31,097 120 360 2 35 0.100% 5.378% 10/4/2004 12/1/2004 ACT/360 30,093 120 360 1 36 0.100% 5.227% 10/22/2004 12/1/2004 ACT/360 28,476 120 360 1 37 0.100% 4.563% 11/23/2004 1/1/2005 30/360 84 84 38 0.100% 5.227% 10/12/2004 12/1/2004 ACT/360 27,638 120 360 1 39 0.050% 5.888% 8/18/2004 10/1/2004 ACT/360 23,879 120 360 3 40 0.100% 5.119% 11/9/2004 1/1/2005 ACT/360 20,687 120 360 41 0.100% 5.150% 10/25/2004 12/1/2004 ACT/360 19,375 120 360 1 42 0.100% 5.487% 9/27/2004 11/1/2004 ACT/360 28,801 180 180 2 43 0.100% 4.958% 9/30/2004 11/1/2004 ACT/360 120 120 2 44 0.050% 5.828% 9/24/2004 11/1/2004 ACT/360 13,346 120 360 2 45 0.050% 5.896% 9/29/2004 11/1/2004 ACT/360 12,846 120 360 2 46 0.050% 5.678% 9/15/2004 11/1/2004 ACT/360 12,255 120 360 2 47 0.050% 5.378% 9/10/2004 11/1/2004 ACT/360 11,046 60 300 2 48 0.020% 4.934% 11/10/2004 1/1/2005 ACT/360 84 84 49 0.100% 5.167% 8/27/2004 10/1/2004 ACT/360 210,756 84 360 24 3 50 0.100% 5.348% 9/13/2004 11/1/2004 ACT/360 158,454 120 360 24 2 51 0.100% 5.288% 10/8/2004 12/1/2004 ACT/360 134,411 131 360 60 1 52 0.100% 6.378% 7/11/2002 9/1/2002 ACT/360 140,319 120 360 28 53 0.100% 6.378% 7/11/2002 9/1/2002 ACT/360 85,803 120 360 28 54 0.100% 5.251% 9/15/2004 11/1/2004 ACT/360 113,649 115 360 36 2 55 0.100% 5.363% 9/23/2004 11/1/2004 ACT/360 68,872 122 360 2 56 0.060% 6.117% 9/3/2004 11/1/2004 ACT/360 44,399 120 360 2 57 0.100% 5.545% 9/30/2004 11/1/2004 ACT/360 38,261 120 360 2 58 0.100% 5.628% 8/20/2004 10/1/2004 ACT/360 36,182 120 360 3 59 0.100% 5.040% 10/22/2004 12/1/2004 ACT/360 30,756 60 360 1 60 0.100% 6.218% 7/30/2004 9/1/2004 ACT/360 34,809 120 360 4 61 0.050% 5.728% 8/26/2004 10/1/2004 ACT/360 20,023 120 360 3 62 0.070% 5.408% 6/29/2004 8/1/2004 ACT/360 18,169 60 360 5 63 0.050% 5.728% 10/7/2004 12/1/2004 ACT/360 13,495 120 360 1 64 0.100% 5.547% 10/21/2004 12/1/2004 ACT/360 104,119 120 360 1 65 0.100% 5.283% 11/1/2004 1/1/2005 ACT/360 33,261 120 360 36 66 0.100% 5.171% 10/5/2004 12/1/2004 ACT/360 41,615 120 360 24 1 67 0.100% 5.335% 10/6/2004 12/1/2004 ACT/360 35,163 120 300 1 68 0.080% 5.798% 8/10/2004 11/1/2004 ACT/360 23,534 119 359 2 69 0.100% 4.998% 11/4/2004 1/1/2005 ACT/360 21,495 120 360 70 0.100% 5.473% 10/15/2004 12/1/2004 ACT/360 17,213 120 360 1 71 0.100% 5.513% 10/13/2004 12/1/2004 ACT/360 15,906 120 360 1 72 0.050% 5.628% 10/1/2004 12/1/2004 ACT/360 16,904 120 300 1 73 0.100% 5.513% 10/13/2004 12/1/2004 ACT/360 11,526 120 360 1 74 0.100% 5.253% 6/30/2004 8/1/2004 ACT/360 103,315 60 360 5 75 0.100% 5.398% 6/30/2004 8/1/2004 ACT/360 26,860 60 360 12 5 76 0.070% 5.658% 9/15/2004 11/1/2004 ACT/360 17,507 120 360 2 77 0.050% 6.278% 8/26/2004 10/1/2004 ACT/360 60,594 120 300 3 78 0.100% 5.918% 10/6/2004 12/1/2004 ACT/360 32,337 120 300 1 79 0.050% 5.658% 11/2/2004 1/1/2005 ACT/360 28,255 60 300 80 0.100% 5.113% 10/29/2004 12/1/2004 ACT/360 49,615 120 360 1 ----- ----- --- --- --- 0.079% 5.249% 100 296 3 REMAINING TERM TO MATURITY MATURITY CROSS-COLLATERALIZED RELATED Sequence (MONTHS) DATE LOANS LOANS PREPAYMENT PENALTY DESCRIPTION (PAYMENTS) - ------------------------------------------------------------------------------------------------------------------------------------ 1 84 12/1/2011 No No LO(80)/OPEN(4)/DEFEASANCE 2 60 12/1/2009 No No LO(53)/OPEN(7)/DEFEASANCE 3 61 1/1/2010 No No LO(25)/GRTR1%PPMTorYM(32)/OPEN(4) 4 59 11/1/2009 No Yes(BACM 04-6-G) LO(57)/OPEN(3)/DEFEASANCE 5 60 12/1/2009 No No LO(57)/OPEN(3)/DEFEASANCE 6 60 12/1/2009 No Yes(BACM 04-6-G) LO(57)/OPEN(3)/DEFEASANCE 7 119 11/1/2014 No No LO(117)/OPEN(3)/DEFEASANCE 8 58 10/1/2009 No No LO(56)/OPEN(4)/DEFEASANCE 9 82 10/1/2011 No No LO(80)/OPEN(4)/DEFEASANCE 10 118 10/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 11 120 12/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 12 59 11/1/2009 No No LO(0)/GRTR1%PPMTorYM(47)/1%PPMT(9)/OPEN(4) 13 118 10/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 14 56 8/1/2009 No No LO(54)/OPEN(6)/DEFEASANCE 15 115 7/1/2014 No No LO(113)/OPEN(7)/DEFEASANCE 16.1 No No 16.2 No No 16.3 No No 16 115 7/1/2014 No No LO(117)/OPEN(3)/DEFEASANCE 17 120 12/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 18 121 1/1/2015 No No LO(119)/OPEN(2)/DEFEASANCE 19 81 9/1/2011 No Yes(BACM 04-6-A) LO(81)/OPEN(3)/DEFEASANCE 20 120 12/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 21 81 9/1/2011 No Yes(BACM 04-6-A) LO(81)/OPEN(3)/DEFEASANCE 22 119 11/1/2014 No Yes(BACM 04-6-F) LO(116)/OPEN(4)/DEFEASANCE 23 120 12/1/2014 No Yes(BACM 04-6-F) LO(116)/OPEN(4)/DEFEASANCE 24 118 10/1/2014 No No LO(114)/OPEN(6)/DEFEASANCE 25 120 12/1/2014 No No LO(117)/OPEN(3)/DEFEASANCE 26 116 8/1/2014 No No LO(117)/OPEN(3)/DEFEASANCE 27 81 9/1/2011 No Yes(BACM 04-6-A) LO(81)/OPEN(3)/DEFEASANCE 28 120 12/1/2014 No No LO(83)/OPEN(37)/DEFEASANCE 29 84 12/1/2011 No Yes(BACM 04-6-H) LO(23)/GRTR1%PPMTorYM(58)/OPEN(3) 30 117 9/1/2014 No No LO(37)/GRTR1%PPMTorYM(80)/OPEN(3) 31 120 12/1/2014 No No LO(117)/OPEN(3)/DEFEASANCE 32 119 11/1/2014 No Yes(BACM 04-6-B) LO(116)/OPEN(4)/DEFEASANCE 33 118 10/1/2014 No No LO(117)/OPEN(3)/DEFEASANCE 34 118 10/1/2014 No No LO(117)/OPEN(3)/DEFEASANCE 35 119 11/1/2014 No No LO(117)/OPEN(3)/DEFEASANCE 36 119 11/1/2014 No Yes(BACM 04-6-B) LO(116)/OPEN(4)/DEFEASANCE 37 84 12/1/2011 No Yes(BACM 04-6-H) LO(23)/GRTR1%PPMTorYM(58)/OPEN(3) 38 119 11/1/2014 No Yes(BACM 04-6-B) LO(116)/OPEN(4)/DEFEASANCE 39 117 9/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 40 120 12/1/2014 No Yes(BACM 04-6-F) LO(116)/OPEN(4)/DEFEASANCE 41 119 11/1/2014 No Yes(BACM 04-6-B) LO(116)/OPEN(4)/DEFEASANCE 42 178 10/1/2019 No No LO(177)/OPEN(3)/DEFEASANCE 43 118 10/1/2014 No No LO(117)/OPEN(3)/DEFEASANCE 44 118 10/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 45 118 10/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 46 118 10/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 47 58 10/1/2009 No No LO(56)/OPEN(4)/DEFEASANCE 48 84 12/1/2011 No No LO(24)/GRTR1%PPMTorYM(56)/OPEN(4)/DEFEASANCE 49 81 9/1/2011 No No LO(81)/OPEN(3)/DEFEASANCE 50 118 10/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 51 130 10/1/2015 No No LO(127)/OPEN(4)/DEFEASANCE 52 92 8/1/2012 Yes(BACM 04-6-C) Yes(BACM 04-6-C) LO(117)/OPEN(3)/DEFEASANCE 53 92 8/1/2012 Yes(BACM 04-6-C) Yes(BACM 04-6-C) LO(117)/OPEN(3)/DEFEASANCE 54 113 5/1/2014 No No LO(111)/OPEN(4)/DEFEASANCE 55 120 12/1/2014 No Yes(BACM 04-6-B) LO(118)/OPEN(4)/DEFEASANCE 56 118 10/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 57 118 10/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 58 117 9/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 59 59 11/1/2009 No No LO(56)/OPEN(4)/DEFEASANCE 60 116 8/1/2014 No No LO(117)/OPEN(3)/DEFEASANCE 61 117 9/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 62 55 7/1/2009 No No LO(58)/OPEN(2)/DEFEASANCE 63 119 11/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 64 119 11/1/2014 No No LO(115)/OPEN(5)/DEFEASANCE 65 120 12/1/2014 No No LO(115)/OPEN(5)/DEFEASANCE 66 119 11/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 67 119 11/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 68 117 9/1/2014 No No LO(115)/OPEN(4)/DEFEASANCE 69 120 12/1/2014 No No LO(117)/OPEN(3)/DEFEASANCE 70 119 11/1/2014 No Yes(BACM 04-6-D) LO(117)/OPEN(3)/DEFEASANCE 71 119 11/1/2014 No Yes(BACM 04-6-D) LO(117)/OPEN(3)/DEFEASANCE 72 119 11/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 73 119 11/1/2014 No Yes(BACM 04-6-D) LO(117)/OPEN(3)/DEFEASANCE 74 55 7/1/2009 No Yes(BACM 04-6-E) LO(54)/OPEN(6)/DEFEASANCE 75 55 7/1/2009 No Yes(BACM 04-6-E) LO(54)/OPEN(6)/DEFEASANCE 76 118 10/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 77 117 9/1/2014 No No LO(116)/OPEN(4)/DEFEASANCE 78 119 11/1/2014 No No LO(117)/OPEN(3)/DEFEASANCE 79 60 12/1/2009 No No LO(56)/OPEN(4)/DEFEASANCE 80 119 11/1/2014 No No LO(117)/OPEN(3)/DEFEASANCE --- 97 TOTAL UNITS/ UNITS/ SF/ SF/ APPRAISAL APPRAISAL CUT-OFF DATE LTV YEAR BUILT/ PADS/ PADS/ NET RENTABLE Sequence YIELD MAINTENANCE TYPE VALUE DATE RATIO RENOVATED ROOMS ROOMS AREA (SF) - ------------------------------------------------------------------------------------------------------------------------------------ 1 $35,500,000 10/6/2004 79.7% 1991 440 Units 424,808 2 27,500,000 9/21/2004 78.2% 1984 / 2000 588 Units 397,968 3 Int Diff (BEY) - B 23,670,000 8/30/2004 79.8% 2002 117 Units 121,077 4 18,125,000 9/20/2004 78.2% 1974 336 Units 320,022 5 16,675,000 10/13/2004 79.8% 1991 272 Units 258,144 6 15,200,000 9/30/2004 78.9% 1974 205 Units 268,676 7 16,280,000 9/15/2004 68.7% 1989 / 2000 248 Units 231,688 8 13,400,000 6/22/2004 80.0% 1987 168 Units 121,604 9 8,600,000 7/21/2004 69.8% 1971 / 2004 234 Units 185,598 10 6,500,000 6/5/2004 64.6% 2003 103 Units 87,527 11 4,085,000 9/28/2004 78.3% 2004 51 Units 40,616 12 NPV (BEY) 4,710,000 6/17/2004 62.6% 1991 96 Units 68,218 13 2,900,000 7/27/2004 79.1% 1866 / 2003 18 Units 19,766 14 105,000,000 6/2/2004 64.7% 1990 / 2003 482,097 SF 482,097 15 60,000,000 6/15/2004 79.8% 1971 / 2003 496,895 SF 496,895 16.1 40,000,000 4/16/2004 1968 / 1999 95,569 SF 95,569 16.2 5,250,000 4/16/2004 1974 / 1999 13,429 SF 13,429 16.3 3,750,000 4/16/2004 1999 5,904 SF 5,904 16 49,000,000 4/16/2004 77.6% Various 114,902 SF 114,902 17 31,000,000 9/30/2004 80.0% 1988 / 1994 164,909 SF 164,909 18 24,400,000 10/15/2004 81.9% 2004 54,027 SF 54,027 19 23,225,000 6/21/2004 79.7% 1999 222,511 SF 222,511 20 25,100,000 5/18/2004 71.7% 1999 99,993 SF 99,993 21 22,375,000 6/21/2004 79.7% 1999 203,750 SF 203,750 22 28,300,000 8/18/2004 53.6% 1961 / 1994 132,800 SF 132,800 23 30,400,000 9/18/2004 49.3% 1968 / 2000 127,578 SF 127,578 24 16,500,000 8/25/2004 79.8% 1998 75,914 SF 75,914 25 18,500,000 5/7/2004 68.7% 1975 107,647 SF 107,647 26 14,750,000 5/16/2004 77.8% 1991 / 2003 226,130 SF 226,130 27 14,025,000 6/21/2004 79.7% 1999 129,562 SF 129,562 28 11,200,000 9/28/2004 75.9% 1987 87,972 SF 87,972 29 Int Diff (BEY) - B 13,700,000 10/5/2004 51.8% 2002 84,597 SF 84,597 30 Int Diff (MEY) 8,330,000 5/26/2004 79.2% 1985 99,331 SF 99,331 31 8,640,000 9/23/2004 74.1% 1964 / 2003 40,570 SF 40,570 32 7,970,000 9/2/2004 73.9% 2003 13,285 SF 13,285 33 9,355,000 7/13/2004 61.9% 1999 98,350 SF 98,350 34 7,500,000 5/6/2004 74.5% 2004 44,800 SF 44,800 35 6,640,000 7/6/2004 79.7% 2004 7,900 SF 7,900 36 6,620,000 9/2/2004 77.0% 2003 16,452 SF 16,452 37 Int Diff (BEY) - B 9,550,000 10/7/2004 52.3% 2003 62,840 SF 62,840 38 6,420,000 9/2/2004 77.0% 2003 14,754 SF 14,754 39 5,000,000 6/24/2004 79.8% 2004 14,560 SF 14,560 40 6,700,000 9/18/2004 56.0% 1977 23,100 SF 23,100 41 4,400,000 9/2/2004 79.5% 2004 13,175 SF 13,175 42 10,000,000 6/17/2004 34.8% 1980 / 2001 124,867 SF 124,867 43 8,650,000 9/2/2004 34.7% 1990 26,316 SF 26,316 44 3,250,000 8/17/2004 69.1% 1910 / 1999 8,328 SF 8,328 45 3,120,000 6/28/2004 68.8% 1999 10,698 SF 10,698 46 3,500,000 7/19/2004 59.9% 2004 9,480 SF 9,480 47 2,600,000 7/1/2004 69.3% 1979 28,428 SF 28,428 48 NPV (BEY) 153,000,000 10/20/2004 63.7% 1974 / 2001 1,280,248 SF 1,280,248 49 59,100,000 8/13/2004 64.3% 2001 228,425 SF 228,425 50 35,000,000 7/30/2004 80.0% 1982 171,365 SF 171,365 51 39,900,000 9/13/2004 59.9% 2000 218,641 SF 218,641 52 32,000,000 10/27/2004 67.7% 2000 151,929 SF 151,929 53 19,900,000 10/27/2004 66.5% 1999 92,289 SF 92,289 ---------- 51,900,000 54 29,000,000 8/19/2004 70.0% 2004 169,218 SF 169,218 55 16,200,000 8/13/2004 74.8% 1996 77,025 SF 77,025 56 11,100,000 4/7/2004 65.2% 1972 / 1999 82,411 SF 82,411 57 8,600,000 8/3/2004 76.8% 1979 / 2002 50,758 SF 50,758 58 7,750,000 7/19/2004 79.8% 1905 / 2000 62,166 SF 62,166 59 8,400,000 8/30/2004 66.9% 2004 35,485 SF 35,485 60 7,450,000 4/13/2004 74.9% 1991 56,859 SF 56,859 61 4,550,000 7/8/2004 74.8% 1985 / 2002 43,730 SF 43,730 62 4,000,000 5/6/2004 79.6% 1972 / 2002 50,844 SF 50,844 63 3,300,000 6/21/2004 69.6% 1980 10,203 SF 10,203 64 25,000,000 8/17/2004 71.9% 1974 359,462 SF 359,462 65 7,400,000 8/30/2004 80.0% 1973 / 1988 125,785 SF 125,785 66 10,100,000 7/27/2004 74.3% 1997 619 Units 60,881 67 8,250,000 9/1/2004 69.6% 1986 863 Units 62,642 68 5,290,000 7/1/2004 74.8% 1986 / 2004 649 Units 89,025 69 7,675,000 8/19/2004 51.5% 2001 591 Units 70,461 70 4,010,000 9/10/2004 74.7% 2001/2002 384 Units 46,013 71 3,800,000 8/26/2004 72.6% 1986 338 Units 72,541 72 3,700,000 8/20/2004 72.9% 1979 367 Units 26,241 73 2,700,000 8/26/2004 74.0% 1985 / 2000 401 Units 56,440 74 24,900,000 6/1/2004 73.7% 1968 598 Pads 75 5,900,000 6/1/2004 80.0% 1970 242 Pads 76 4,540,000 7/26/2004 66.0% 1991 / 1998 188 Pads 77 16,750,000 7/19/2004 54.1% 1987 / 2004 130 Rooms 28,080 78 7,150,000 9/3/2004 69.8% 1999 78 Rooms 39,517 79 6,800,000 8/17/2004 66.2% 2000 110 Rooms 60,000 80 10,600,000 1/1/2004 84.8% 205,681 SF 205,681 ---- 71.4% LOAN U/W BALANCE PER REPLACEMENT UNIT/SF/ OCCUPANCY U/W RESERVES PAD/ OCCUPANCY AS OF U/W U/W U/W U/W REPLACEMENT PER UNIT/ Sequence ROOM PERCENT DATE REVENUES EXPENSES CASH FLOW DSCR RESERVES SF/ PAD/ROOM - ------------------------------------------------------------------------------------------------------------------------------------ 1 $64,318 90.5% 11/12/2004 $3,776,629 $1,476,438 $2,185,791 1.21x $114,400 $260.00 2 36,565 91.8% 11/4/2004 3,647,044 1,837,598 1,677,146 1.23 132,300 225.00 3 161,538 96.6% 11/30/2004 2,206,188 715,658 1,469,757 1.20 20,773 177.55 4 42,209 89.6% 10/1/2004 2,178,495 970,010 1,129,525 1.27 78,960 235.00 5 48,897 93.8% 10/27/2004 2,070,481 935,949 1,052,932 1.27 81,600 300.00 6 58,537 82.4% 10/19/2004 1,754,621 705,710 997,661 1.32 51,250 250.00 7 45,107 96.4% 10/1/2004 2,182,009 1,010,282 1,103,527 1.54 68,200 275.00 8 63,810 89.9% 8/3/2004 1,404,286 522,397 838,341 1.24 43,548 259.21 9 25,641 97.4% 9/29/2004 1,313,229 680,332 574,397 1.41 58,500 250.00 10 40,777 91.3% 9/6/2004 825,413 369,389 435,424 1.50 20,600 200.00 11 62,745 96.1% 11/2/2004 409,087 124,143 272,193 1.27 12,750 250.00 12 30,695 84.4% 9/1/2004 752,954 403,690 325,264 1.63 24,000 250.00 13 127,511 95.0% 9/22/2004 293,818 97,544 188,360 1.22 7,914 439.67 14 141 93.5% 10/26/2004 10,993,483 3,765,377 6,802,650 1.62 120,524 0.25 15 96 87.1% 10/7/2004 6,637,894 2,112,670 4,257,847 1.25 124,294 0.25 16.1 94.8% 8/20/2004 16.2 95.6% 8/20/2004 16.3 95.6% 8/20/2004 16 331 94.9% 8/20/2004 4,385,569 928,332 3,390,994 1.25 13,788 0.12 17 150 82.9% 7/27/2004 2,980,434 856,553 1,978,134 1.20 33,394 0.20 18 370 100.0% 12/1/2004 2,294,150 600,828 1,674,857 1.22 5,403 0.10 19 83 100.0% 8/10/2004 1,533,101 30,662 1,502,439 1.22 20 180 100.0% 10/1/2004 2,301,260 523,130 1,695,581 1.43 14,999 0.15 21 88 100.0% 8/10/2004 1,477,188 29,544 1,447,644 1.22 22 114 100.0% 10/1/2004 2,855,153 725,272 2,009,158 1.98 30,655 0.23 23 118 100.0% 11/1/2004 2,257,486 622,874 1,553,953 1.56 19,137 0.15 24 174 97.1% 8/19/2004 1,730,767 586,439 1,111,347 1.24 7,591 0.10 25 118 90.0% 10/21/2004 2,119,397 632,856 1,389,530 1.62 26,862 0.25 26 51 96.6% 11/17/2004 1,657,628 472,690 1,062,966 1.27 50,519 0.22 27 86 100.0% 8/10/2004 925,073 18,501 906,572 1.22 28 97 91.7% 10/31/2004 1,103,897 320,650 719,606 1.26 22,873 0.26 29 84 100.0% 11/22/2004 1,183,048 383,165 772,243 1.75 8,460 0.10 30 66 94.4% 9/30/2004 1,087,617 371,959 646,136 1.40 14,900 0.15 31 158 95.6% 10/31/2004 767,797 215,508 525,367 1.24 4,868 0.12 32 444 100.0% 9/1/2004 488,131 12,553 474,183 1.20 1,395 0.11 33 59 94.0% 10/30/2004 1,007,167 256,287 685,088 1.64 11,166 0.11 34 125 96.4% 9/10/2004 765,431 180,617 551,226 1.48 7,992 0.18 35 670 100.0% 11/18/2004 580,966 89,639 482,690 1.34 1,560 0.20 36 310 100.0% 10/20/2004 421,396 9,405 410,154 1.20 1,837 0.11 37 79 92.4% 11/22/2004 916,346 311,448 588,002 1.90 7,541 0.12 38 335 100.0% 9/1/2004 408,660 8,627 398,485 1.20 1,548 0.10 39 274 100.0% 10/20/2004 348,700 700 346,107 1.21 1,893 0.13 40 162 100.0% 11/1/2004 656,495 252,745 381,813 1.54 3,465 0.15 41 265 100.0% 10/20/2004 402,615 107,172 281,247 1.21 1,779 0.14 42 28 88.5% 11/23/2004 1,072,855 300,433 655,731 1.90 31,217 0.25 43 114 100.0% 10/1/2004 993,661 445,741 509,475 2.61 3,947 0.15 44 270 100.0% 9/24/2004 290,865 83,790 199,678 1.25 1,249 0.15 45 201 100.0% 9/29/2004 284,528 69,064 205,217 1.33 1,605 0.15 46 221 100.0% 9/16/2004 329,121 67,434 245,958 1.67 1,422 0.15 47 63 100.0% 7/9/2004 344,381 128,798 192,461 1.45 4,264 0.15 48 76 91.0% 10/31/2004 24,154,051 11,972,666 10,727,639 1.71 378,668 0.30 49 166 100.0% 7/22/2004 4,591,965 191,839 4,362,817 1.73 37,309 0.16 50 163 95.8% 7/30/2004 4,258,616 1,460,739 2,540,347 1.34 34,987 0.20 51 109 100.0% 10/1/2004 4,517,825 1,907,101 2,377,609 1.47 30,610 0.14 52 143 89.3% 7/6/2004 3,730,487 1,252,347 2,241,428 1.33 22,761 0.15 53 143 79.2% 10/31/2004 2,331,267 798,339 1,374,309 1.33 13,843 0.15 54 120 100.0% 9/14/2004 3,385,443 997,723 2,134,530 1.57 11,845 0.07 55 157 100.0% 9/23/2004 1,875,239 716,979 1,038,790 1.26 15,533 0.20 56 88 91.4% 10/19/2004 1,316,651 511,713 687,586 1.29 16,482 0.20 57 130 100.0% 8/1/2004 647,713 12,954 574,121 1.25 7,614 0.15 58 99 92.0% 8/1/2004 992,508 351,448 557,736 1.28 4,196 0.07 59 158 66.6% 11/9/2004 881,030 224,246 612,400 1.66 7,097 0.20 60 98 92.5% 10/20/2004 928,265 364,041 504,356 1.21 15,218 0.27 61 78 100.0% 7/23/2004 614,105 219,740 331,908 1.38 7,878 0.18 62 63 95.5% 8/31/2004 873,668 519,365 275,462 1.26 13,288 0.26 63 225 100.0% 10/7/2004 279,270 8,878 258,384 1.60 2,041 0.20 64 50 96.4% 9/29/2004 3,759,440 1,868,483 1,653,801 1.32 45,090 0.13 65 47 100.0% 9/1/2004 556,305 11,126 527,105 1.32 6,289 0.05 66 12,116 93.5% 10/4/2004 1,152,702 361,491 782,081 1.57 9,130 14.75 67 6,652 83.3% 9/27/2004 970,901 299,190 658,751 1.56 12,960 15.02 68 6,095 86.8% 8/9/2004 589,134 162,893 416,685 1.48 9,556 14.72 69 6,684 84.1% 10/25/2004 905,811 392,996 497,449 1.93 15,366 26.00 70 7,804 90.4% 9/1/2004 463,895 197,980 261,314 1.27 4,601 11.98 71 8,157 95.5% 8/30/2004 521,103 263,541 246,681 1.29 10,881 32.19 72 7,346 84.2% 7/27/2004 458,137 172,009 280,807 1.38 5,322 14.50 73 4,982 92.3% 6/28/2004 429,985 216,124 205,395 1.49 8,466 21.11 74 30,692 90.1% 8/31/2004 2,130,008 601,212 1,499,296 1.21 29,500 49.33 75 19,504 94.6% 7/31/2004 645,843 243,030 394,827 1.22 7,986 33.00 76 15,927 78.7% 8/19/2004 513,827 206,145 298,282 1.42 9,400 50.00 77 69,724 71.2% 6/29/2004 3,811,366 2,678,318 1,133,048 1.56 78 64,011 78.5% 6/30/2004 1,879,828 1,250,778 553,857 1.43 75,193 964.01 79 40,909 69.1% 7/31/2004 2,029,910 1,456,082 573,828 1.69 80 44 100.0% 10/21/2004 876,882 75,012 801,870 1.35 ---- 1.43X MOST MOST MOST FULL FULL RECENT RECENT RECENT YEAR YEAR Sequence STATEMENT TYPE END DATE NOI END DATE NOI LARGEST TENANT - ------------------------------------------------------------------------------------------------------------------------------------ 1 Annualized Most Recent 9/30/2004 $2,139,912 12/31/2003 $1,721,390 2 Annualized Most Recent 9/30/2004 1,930,405 12/31/2003 2,023,646 3 Annualized Most Recent 10/31/2004 1,307,134 12/31/2003 945,238 4 Annualized Most Recent 9/30/2004 1,183,316 12/31/2003 1,130,718 5 Annualized Most Recent 9/30/2004 1,286,832 12/31/2003 1,107,093 6 Annualized Most Recent 9/30/2004 993,844 12/31/2003 943,273 7 Annualized Most Recent 6/30/2004 1,379,956 12/31/2003 1,258,127 8 Annualized Most Recent 6/30/2004 825,230 12/31/2003 866,488 9 Annualized Most Recent 6/30/2004 738,119 12/31/2003 700,102 10 Annualized Most Recent 8/31/2004 652,583 12/31/2003 438,365 11 Annualized Most Recent 9/30/2004 206,448 12 Annualized Most Recent 8/31/2004 318,921 12/31/2003 313,980 13 Annualized Most Recent 7/31/2004 167,703 14 Annualized Most Recent 9/30/2004 6,398,621 12/31/2003 6,452,140 Sears 15 Annualized Most Recent 6/30/2004 4,337,608 12/31/2003 4,608,623 J.C. Penney 16.1 A-10 99 Ranch Market 16.2 Bank of the West 16.3 Charles Schwab & Co., Inc. 16 Annualized Most Recent 6/30/2004 3,585,490 12/31/2003 3,271,827 17 Annualized Most Recent 9/30/2004 2,465,551 12/31/2003 2,358,901 Nordstrom Rack 18 Safeway 19 Wal-Mart 20 Annualized Most Recent 9/30/2004 2,127,434 12/30/2003 1,779,290 Ralphs 21 Wal-Mart 22 Annualized Most Recent 8/31/2004 1,324,556 12/31/2002 1,305,250 Galleria Market 23 Annualized Most Recent 6/30/2004 1,454,995 9/30/2003 1,846,235 Super 1 Hannam 24 Annualized Most Recent 6/30/2004 1,183,394 12/31/2003 1,197,358 Stop & Shop 25 Annualized Most Recent 9/30/2004 1,119,513 Marukai Pacific Market 26 Annualized Most Recent 9/30/2004 1,097,583 12/31/2003 985,887 Sam's Club 27 Sam's Club 28 Annualized Most Recent 9/30/2004 849,725 TJ Maxx 29 Annualized Most Recent 9/30/2004 779,840 Publix 30 Annualized Most Recent 9/30/2004 844,183 12/31/2003 729,818 99 Cent Store 31 Annualized Most Recent 9/30/2004 579,947 12/31/2003 326,976 Diablo Foods 32 Annualized Most Recent 6/30/2004 472,586 12/31/2003 396,441 Sav-On 33 Annualized Most Recent 8/31/2004 477,116 12/31/2003 173,975 Frozen Ropes 34 Annualized Most Recent 8/31/2004 175,760 China Buffet 35 Nextel 36 Annualized Most Recent 6/30/2004 419,920 12/31/2003 260,520 Sav-On 37 Annualized Most Recent 9/30/2004 444,833 Publix 38 Annualized Most Recent 7/31/2004 350,280 Sav-On 39 Walgreens 40 Annualized Most Recent 6/30/2004 471,131 12/31/2003 463,053 Caldwell Banker 41 Annualized Most Recent 7/31/2004 38,242 Yoshinoya 42 Annualized Most Recent 9/30/2004 735,519 12/31/2003 771,105 Safeway 43 Annualized Most Recent 9/30/2004 700,877 12/31/2003 639,223 Shugrues Hillside Grill 44 Total Renal Care, Inc./ Childrens Memorial Hospital 45 Annualized Most Recent 7/29/2004 231,104 12/30/2003 232,188 Blockbuster 46 Washington Mutual 47 Annualized Most Recent 6/30/2004 264,435 12/31/2003 234,053 Affair to Remember 48 Annualized Most Recent 9/30/2004 11,025,864 12/31/2003 10,397,358 Apache Corp. 49 Annualized Most Recent 7/31/2004 3,903,379 12/31/2003 3,611,669 Fannie Mae 50 Annualized Most Recent 7/31/2004 2,680,173 Freeman, Freeman & Smiley 51 Veritas 52 Annualized Most Recent 6/30/2004 2,836,132 12/31/2003 2,344,379 Parexel 53 Annualized Most Recent 10/31/2004 2,142,696 12/31/2003 1,947,747 Applied Hydro 54 Wells Fargo Home Mortgage 55 Annualized Most Recent 6/30/2004 1,372,488 12/31/2003 1,251,292 Western General 56 Annualized Most Recent 7/31/2004 881,628 12/31/2003 864,895 Probation Department 57 Annualized Most Recent 6/30/2004 700,230 12/31/2003 700,230 Medical Mutual of Ohio 58 Annualized Most Recent 6/30/2004 692,118 12/31/2003 316,657 Slingshot 59 Health Texas Provider 60 Annualized Most Recent 9/30/2004 536,039 12/31/2003 384,797 Interim Healthcare 61 Annualized Most Recent 6/30/2004 468,957 12/31/2003 517,815 Dunlap Group Management 62 Annualized Most Recent 8/31/2004 323,915 12/31/2003 277,453 Sovereign Bank 63 Annualized Most Recent 7/31/2004 325,671 12/31/2003 315,528 Bank of America 64 Annualized Most Recent 8/31/2004 1,960,932 6/30/2004 2,011,836 USF Bestway 65 Annualized Most Recent 8/31/2004 547,962 GA Pacific/Unisource 66 Annualized Most Recent 7/31/2004 879,900 12/31/2003 800,428 67 Annualized Most Recent 7/31/2004 681,905 12/31/2003 681,422 68 Annualized Most Recent 6/30/2004 356,161 12/31/2003 264,178 69 Annualized Most Recent 9/30/2004 592,149 12/31/2003 475,839 70 Annualized Most Recent 8/31/2004 273,797 12/31/2003 140,878 71 Annualized Most Recent 7/31/2004 273,874 12/31/2003 224,661 72 Annualized Most Recent 6/30/2004 311,495 12/31/2003 279,786 73 Annualized Most Recent 7/31/2004 247,363 12/31/2003 414,828 74 Annualized Most Recent 8/31/2004 1,646,598 12/31/2003 1,172,998 75 Annualized Most Recent 8/31/2004 409,418 12/31/2003 357,697 76 Annualized Most Recent 7/30/2004 290,440 12/31/2003 290,185 77 Trailing 12 6/29/2004 1,490,040 12/30/2003 1,099,837 78 Annualized Most Recent 9/30/2004 718,280 12/31/2003 559,477 79 Trailing 12 7/31/2004 771,846 12/31/2003 579,879 80 Annualized Most Recent 9/30/2004 708,676 12/31/2003 705,812 Jefferson at Providence Place Apartments, L.P. SECOND LARGEST SECOND LARGEST SECOND LARGEST TENANT LARGEST LARGEST TENANT LARGEST TENANT % OF TENANT TENANT % OF TENANT LEASED TOTAL LEASE LEASED TOTAL LEASE Sequence SF SF EXPIRATION SECOND LARGEST TENANT SF SF EXPIRATION - ------------------------------------------------------------------------------------------------------------------------------------ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 106,731 22% 7/31/2005 Bon Ton 87,736 18% 10/31/2009 15 153,480 31% 9/30/2006 Elder-Beerman 72,456 15% 10/31/2012 16.1 29,657 31% 3/25/2007 Joy Luck Place 8,923 9% 7/14/2008 16.2 5,564 41% 4/30/2007 Duke of Edinburgh 3,385 25% 10/31/2013 16.3 4,246 72% 6/30/2007 Starbuck's Coffee Company 1,658 28% 8/31/2009 16 17 56,065 34% 2/28/2009 Ulta Salon 11,000 7% 9/30/2012 18 47,813 88% 10/31/2029 Madison Summit LLC 2,659 5% 10/31/2009 19 222,511 100% 10/27/2019 20 49,926 50% 3/31/2019 Blockbuster Videos, Inc. 4,807 5% 4/30/2009 21 203,750 100% 10/26/2019 22 35,000 26% 3/31/2019 Sav-On Drugs 24,000 18% 5/10/2013 23 52,950 42% 4/30/2009 Tutor Time Day Care 10,750 8% 2/28/2016 24 54,144 71% 9/30/2018 Dollar World 5,381 7% 10/31/2008 25 32,000 30% 6/30/2019 Sea Empress 9,973 9% 11/30/2014 26 130,915 58% 1/23/2023 Lowes Foods 36,862 16% 11/14/2011 27 129,562 100% 10/27/2019 28 30,018 34% 8/31/2010 HomeGoods 25,034 28% 3/31/2010 29 44,271 52% 10/31/2022 Amscot Insurance 5,200 6% 6/30/2014 30 45,528 46% 2/28/2018 Nude Furniture 8,900 9% 9/30/2006 31 15,000 37% 4/30/2009 7-Eleven, Inc. 2,940 7% 9/30/2016 32 13,285 100% 7/31/2028 33 13,800 14% 7/31/2007 Hancock Fabric 12,900 13% 2/1/2014 34 6,000 13% 5/31/2009 Cato 4,160 9% 1/31/2009 35 2,400 30% 5/31/2009 Potbellys 2,325 29% 5/31/2014 36 16,452 100% 10/31/2028 37 44,840 71% 9/30/2023 Itsa Pizza 2,100 3% 12/31/2008 38 14,745 100% 11/30/2028 39 14,560 100% 7/31/2079 40 2,654 11% 5/31/2005 Dos Amigos Cafe 2,649 11% 3/31/2006 41 2,000 15% 5/31/2014 GMS Wireless 2,000 15% 3/31/2007 42 38,959 31% 6/1/2022 Payless Drug 37,682 30% 2/28/2005 43 3,333 13% 12/31/2005 Sherer Gallery 2,640 10% 9/30/2005 44 5,200 62% 3/31/2009 Bank One, National Association 3,128 38% 6/30/2014 45 4,212 39% 7/31/2009 Taco Bell / KFC 2,526 24% 4/30/2019 46 3,320 35% 6/30/2014 Payless ShoeSource 2,960 31% 5/31/2009 47 6,510 23% 12/31/2004 Casual Male 4,000 14% 10/31/2007 48 297,110 23% 12/31/2013 Stewart Information Services 228,437 18% 9/30/2016 49 228,425 100% 12/31/2011 50 28,758 17% 12/31/2011 JAMDAT Mobile 23,205 14% 1/31/2009 51 218,641 100% 9/30/2015 52 51,797 34% 9/30/2007 Universal Systems 26,301 17% 8/31/2010 53 20,247 22% 7/31/2011 RDR, Inc. 20,212 22% 1/31/2010 54 169,218 100% 5/31/2014 55 50,785 66% 8/31/2014 Sunrise Business Resources, Inc. 14,327 19% 7/31/2009 56 14,893 18% 10/31/2014 HCA/Mental Health - ADAS 14,578 18% 1/31/2009 57 50,758 100% 3/31/2020 58 20,671 33% 8/1/2011 Scott Howell/Wolf 6,368 10% 12/1/2008 59 12,614 36% 8/1/2014 Rockwall Health Surgery Ctr. 11,029 31% 8/1/2019 60 7,312 13% 6/30/2008 George T Sink, Atty 4,821 8% 1/31/2008 61 20,146 46% 8/28/2010 C.M. Architecture, P.A. 11,362 26% 4/30/2006 62 24,201 48% 6/30/2006 Weston Solutions 15,900 31% 11/30/2008 63 10,203 100% 8/16/2014 64 60,000 17% 1/31/2007 Ronco Plastics, Inc. 23,700 7% 12/31/2008 65 125,785 100% 5/30/2018 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 205,681 100% 12/31/2100 THIRD THIRD LARGEST THIRD LARGEST TENANT LARGEST TENANT % OF TENANT LEASED TOTAL LEASE Sequence THIRD LARGEST TENANT SF SF EXPIRATION - ------------------------------------------------------------------------------------------------------------ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 J.C. Penney 61,880 13% 7/31/2010 15 Old Navy Clothing Co. 16,500 3% 1/31/2009 16.1 East West Bank 3,642 4% 7/29/2007 16.2 Adecco Employment Services 2,600 19% 12/31/2006 16.3 16 17 Gordon's Music 10,245 6% 2/28/2010 18 Generation Holding Corp 2,050 4% 10/31/2009 19 20 Finals Department Store 3,800 4% 10/30/2005 21 22 Bodies in Motion 18,755 14% 9/30/2016 23 Kragen Auto Parts 6,952 5% 10/31/2008 24 IHOP 4,972 7% 8/31/2028 25 California National Bank 4,045 4% 8/31/2014 26 Aaron's Rents 8,450 4% 1/31/2010 27 28 Staples 24,600 28% 12/31/2012 29 Rent a Center 4,500 5% 1/31/2008 30 Bamboo Garden 8,100 8% 3/31/2006 31 Dollar House 2,580 6% 7/1/2005 32 33 Harbor Freight 12,000 12% 10/31/2007 34 Liquor Store - AVC/Chaudhari 3,200 7% 4/30/2009 35 Starbucks 1,700 22% 5/31/2014 36 37 Wolfe Tan 1,500 2% 12/31/2009 38 39 40 Hang Goo Sushi 2,100 9% 5/31/2008 41 Quiznos 1,560 12% 4/30/2014 42 Family Bargain Stores 10,625 9% 1/31/2008 43 Azadi Fine Rugs 2,450 9% 5/31/2009 44 45 Starbucks 1,320 12% 6/30/2009 46 Sprintcom, Inc 2,000 21% 5/31/2009 47 Life Uniform 3,530 12% 4/30/2006 48 Technip USA Corp. 108,338 8% 5/31/2007 49 50 Dale, Branden & Hinchcliffe 14,795 9% 6/30/2008 51 52 KSI Management 15,937 10% 3/31/2009 53 NVR Mortgage 8,343 9% 2/28/2007 54 55 Sysdome 11,913 15% 5/14/2008 56 HCA/Refuge 9,968 12% 6/30/2007 57 58 Chipotle 3,985 6% 4/1/2012 59 Alergy Asthma & Immunology 2,636 7% 10/1/2014 60 First Command 3,821 7% 1/31/2009 61 Royer & Schutts, Inc. 9,636 22% 1/31/2009 62 MCI Solutions 6,615 13% 6/1/2007 63 64 Ellsworth Corporation 11,260 3% 7/31/2006 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 (i) Administrative Fee Rate includes the Sub-Servicing Fee Rate. (ii) For Mortgage Loans which accrue interest on the basis of actual days elapsed each calendar month and a 360-day yr. or a 365-day yr., the amortization term is the term over which the Mortgage Loans would amortize if interest accrued and was paid on the basis of a 360-day yr. consisting of twelve 30-day months. The actual amortization would be longer. ANNEX B CAPITAL IMPROVEMENT, REPLACEMENT RESERVE AND ESCROW ACCOUNTS* INITIAL DEPOSIT TO CAPITAL SEQUENCE LOAN NUMBER PROPERTY NAME PROPERTY TYPE IMPROVEMENT RESERVES - ------------------------------------------------------------------------------------------------------------------------------------ 1 58563 King's Crossing Multifamily 2 58587 Barrington at Park Place Multifamily 3 58583 Legacy at Museum Park Multifamily 4 58529 Stonebridge Apartments Multifamily 5 58564 Park Laureate Apartments Multifamily 6 58562 Wildwood Apartments Multifamily 7 58530 Colonial Pointe Apartments Multifamily $88,013 8 58353 Lexington Hills Apartments Multifamily 9 10798 Belmont Park Apartments Multifamily 10 9106 Parkland Apartments Multifamily 11 11693 Gateway Apartments Multifamily 12 11393 Elk Meadows Apartments Multifamily 19,625 13 10441 Main Street Apartments Multifamily 14 58318 Steeplegate Mall Retail 15 58294 Simon - Upper Valley Mall Retail 16 58112 Cupertino Village I, II & III (Roll Up) Retail 16,063 17 58586 Howe 'Bout Arden Retail 3,750 18 58544 23rd & Madison Retail 19 58414 Wal-Mart Supercenter - Douglasville Retail 20 9278 Gateway Shopping Center Retail 21 58415 Wal-Mart Supercenter - Austell Retail 22 58466 Northridge Shopping Center Retail 23 58528 Gordon Square Retail 24 58477 Keyport Plaza Retail 25 58160 Pacific Center-Gardena Retail 8,410 26 58273 North Summit Square Retail 27 58413 Sam's Club - Douglasville Retail 28 58543 Cypress Lake Shopping Center Retail 29 58545 The Shoppes at Golden Acres Retail 30 58307 Rufe Snow Village Shopping Center Retail 31 58524 Dana Plaza Shopping Center Retail 32 58488 Sav-on Pasadena Retail 33 58390 Park Center Shopping Retail 34 58088 Brainerd Market Center Retail 35 58382 Rolling Meadows Retail Retail 36 58487 Sav-on Santa Fe Springs Retail 37 58546 Southwood Village Shopping Center Retail 38 58489 Sav-on Riverside Retail 39 9785 Walgreens - Brooklyn Park Retail 40 58527 McComber Center Retail 41 58490 Santa Fe Springs Shopping Center Retail 42 58323 Springbrook Plaza Retail 43 58499 Hillside Sedona Retail 44 10830 Lincoln Park Retail Center Retail 1,250 45 10093 Fidalgo Square Retail 46 10164 Shops at Prairie Crossing Retail 47 9822 Sharpstown Plaza Retail 76,875 48 58484 Post Oak Central Office 49 58440 Monument IV at Worldgate Office 50 58427 Sepulveda Center Office 51 58503 Veritas DGC Headquarters Office 52 53054 Trinity Centre I Office 53 53224 Trinity Centre III Office 54 58452 Wells Fargo Home Mortgage Office Building Office 55 58465 Calabasas Corporate Center Office 56 8932 West County Professional Building Office 4,375 57 58420 Medical Mutual of Ohio - Beachwood Office 58 58398 The Awalt Building Office 59 58480 Baylor Medical Plaza Office 60 58145 Atrium Northwood Office Complex Office 61 10371 Bailey Plaza Office 2,375 62 58147 One Wall Street Office 63 10069 Bank of America Building- Lynnwood Office 64 58437 Tustin Business Park and Self-Lock Mini Storage Industrial 65 58502 Georgia Pacific Industrial 66 58523 West Oak Self Storage Self Storage 625 67 58467 Coldwater Self Storage Self Storage 68 10416 Martin Self Storage - Market Street Self Storage 69 58431 Shurgard - West Covina Self Storage 70 58483 Glen Allen/ Montpelier Self Storage Self Storage 71 58451 Guardian Self Storage Self Storage 72 11273 Stoway Mini Storage Self Storage 73 58450 Rockledge Self Storage Self Storage 5,625 74 58316 Zeman Portfolio - Forest Hills Village Manufactured Housing Communities 75 58265 Zeman Portfolio - Hollywood Estates Manufactured Housing Communities 76 10437 Warren Dunes MHC Manufactured Housing Communities 77 10432 Hampton Inn - Alexandria Hotel 78 58500 Hampton Inn - Tallahassee Hotel 79 9935 Fairfield Suites Jupiter Hotel 80 57800 Jefferson at Providence Place Ground Lease Land -------- TOTALS $226,985 INITIAL DEPOSIT TO ANNUAL DEPOSIT TO TAX AND INITIAL DEPOSIT TO ANNUAL DEPOSIT TO SEQUENCE REPLACEMENT RESERVES REPLACEMENT RESERVES INSURANCE ESCROW TI/LC ESCROW TI/LC ESCROW - ------------------------------------------------------------------------------------------------------------------------------------ 1 $114,400 Yes 2 Tax Only 3 17,550 Yes 4 70,056 Tax Only 5 81,600 Yes 6 45,100 Tax Only 7 68,200 Yes 8 53,004 Yes 9 70,200 Yes 10 Yes 11 8,925 Yes 12 24,000 Yes 13 5,000 Yes $1,986 14 No 15 No 16 13,788 Yes 17 87,396 Yes $98,500 249,996 18 No 19 No 20 Yes 21 No 22 19,920 Yes 23 15,309 Yes 24 6,680 Tax Only 25 $1,001,990 Tax Only 588,353 26 50,519 Yes 101,612 27 No 28 36,069 Yes 29 No 30 24,833 Tax Only 31 4,868 Yes 34,260 32 1,464 No 33 38,316 Yes 19,200 34 Tax Only 35 1,200 Yes 36 1,812 No 37 No 38 1,620 No 39 No 40 3,787 Yes 41 2,372 Yes 30,000 42 Yes 43 No 44 11,000 1,249 Yes 12,000 45 1,605 Yes 11,970 46 1,422 Yes 47 4,264 Yes 22,500 17,950 48 No 49 No 50 35,987 Yes 144,000 51 No 52 9,120 Tax Only 53 9,240 Tax Only 54 No 55 16,946 Yes 60,000 56 17,326 Yes 63,509 57 No 58 6,216 Yes 62,004 59 3,549 Yes 60 15,218 Yes 40,008 61 7,711 Yes 68,000 62 13,111 Yes 40,000 40,008 63 2,041 No 64 50,710 Tax Only 65 No 66 10,585 Yes 67 12,960 Yes 68 9,556 Yes 69 Tax Only 70 4,608 Yes 71 10,884 Yes 72 7,340 Yes 73 8,472 Yes 74 35,400 Tax Only 75 8,000 12,096 Tax Only 76 9,400 Yes 77 Yes 78 12,600 Yes 79 51,150 Yes 80 No ---------- ---------- -------- -------- $1,020,990 $1,248,753 $880,965 $824,892 *Certain monthly reserves may be subject to caps. ANNEX B MULTIFAMILY SCHEDULE Sequence Loan Number Property Name Cut-Off Balance Utilities Tenant Pays/Payment of Utilities - ------------------------------------------------------------------------------------------------------------------------------------ 1 58563 King's Crossing $ 28,300,000 Electric, Gas, Water, Sewer 2 58587 Barrington at Park Place 21,500,000 Electric, Water, Sewer 3 58583 Legacy at Museum Park 18,900,000 Electric, Gas, Water, Sewer 4 58529 Stonebridge Apartments 14,182,151 Electric, Water, Sewer 5 58564 Park Laureate Apartments 13,300,000 Electric, Gas, Water, Sewer 6 58562 Wildwood Apartments 12,000,000 Electric, Gas, Water, Sewer 7 58530 Colonial Pointe Apartments 11,186,438 Electric, Gas 8 58353 Lexington Hills Apartments 10,720,000 Electric, Gas, Water, Sewer 9 10798 Belmont Park Apartments 6,000,000 Electric, Gas 10 9106 Parkland Apartments 4,200,000 Electric 11 11693 Gateway Apartments 3,200,000 Electric 12 11393 Elk Meadows Apartments 2,946,741 Electric, Gas, Water, Sewer 13 10441 Main Street Apartments 2,295,205 Electric, Water ------------ TOTAL MULTIFAMILY LOANS $148,730,534 STUDIO 1 BEDROOM 2 BEDROOM 3 BEDROOM 4 BEDROOM ------------------------------------------------------------------------------------------------------ # of Avg # of Avg # of Avg # of Avg # of Avg Sequence Units Rent Units Rent Units Rent Units Rent Units Rent Elevators - ------------------------------------------------------------------------------------------------------------------------------------ 1 96 $685 280 $800 64 $950 No 2 24 $467 432 545 132 716 No 3 8 1,591 59 1,471 44 1,807 6 2,191 No 4 126 564 174 638 18 924 18 $1,004 No 5 116 631 124 845 32 960 No 6 52 652 108 890 42 1,100 3 1,399 No 7 88 694 160 791 No 8 7 659 105 712 56 849 No 9 96 495 138 554 Yes 10 2 550 4 639 94 750 3 1,010 No 11 36 675 15 783 Yes 12 30 617 48 733 18 906 No 13 13 978 5 1,334 Yes