S4 S55 S61 S57 S58 L105 L7 L8 L11 L56/L93 L58 L70/L97 L72 L73 Prospectus Loan ID Property Name Property Type City State Date Added to Watchlist Ending Scheduled Loan Balance Paid Thru Date Maturity Date Preceding Fiscal Yr DSCR NOI/NCF Preceding Fiscal Yr Financial As of Date Most Recent DSCR NOI/NCF Most Recent Financial As of Start Date Most Recent Financial As of End Date Comment/Action to be taken Trigger Codes Total: 0 0.00 * This Watch List is prepared using Portfolio Guidelines contained in CMSA IRP Version 3.1 * For all DSCR based Watch List criteria, Wachovia only uses year-end normalized results to add or remove loans from the Watch List. * Trigger 1F is applicable to Fixed Rate Loans only. Watch List Criteria: 1A 1B 1C 1D 1E 1F 1G 1H 1I 1J Delinquent P&I payment (> or = 2 payments due) Delinquent Taxes (> 90 days past due) Watch List Report for GCCFC 2005 GG5 As of 12/06/2005 Delinquent or Forced Placed Insurance (> 30 days delinquent) Outstanding Servicing Advances (> 30 days delinquent) DSCR < 1.10; DSCR <= 1.20 for Healthcare & Lodging (Uses normalized FYEBA DSCR) - excludes CTL, Co-ops, Ground Leases and Single Tenant NNN DSCR <= 75% UW DSCR and when DSCR is < 1.40 (Uses normalized FYEBA DSCR) - excludes CTL, Ground Leases and Single Tenant NNN Floater DSCR is < 0.95 or DSCR is < or = to 70% of the UW DSCR (Uses normalized FYEBA DSCR) - excludes CTL, Ground Leases and Single Tenant NNN Defaulted or matured senior lien and/or mechanics lien in excess of 5% UPB Defaulted, matured, or discovery of previously undisclosed. subordinate lien including mezzanine debt (when noticed) Any unplanned draw on LOC or Reserve to Pay Debt Service (unless the draw on LOC or reserve is permitted due to the seasonal nature of the related property) (when noticed) |
