College & University Facility Loan Trust Two N-CSRS Certified semi-annual shareholder report (management investment company)

Exhibit 99.5

Berkadia Commercial Mortgage
College and University Loan Trust II
Collection Account Activity Report
For the Period of May 01, 2011 through May 31, 2011

Collections:
Principal Payments	1,545,587.51
Interest Payments	237,124.07
Total Principal and Interest Collections	1,782,711.58
Payments and Reversals Posted to Suspense	8,246.88
Total Collections	1,790,958.46
Less: Servicing Fees (not withheld from remittances)	(5,408.12	)
Net Collections	1,785,550.34

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust II
Service Fees Schedule
For the Period of May 01, 2011 through May 31, 2011

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
5012011		30100103	ALABAMA AGRIC		105,000.00		13,425.00		118,425.00		895,000.00		335.63
5012011		30102604	BENEDICT COLL		—		14,880.00		14,880.00		992,000.00		372.00
5012011		30102802	BETHANY COLLE		—		691.88		691.88		41,000.00		15.38
5012011		30102803	BETHANY COLLE		—		1,875.00		1,875.00		125,000.00		46.88
5012011		30102804	BETHANY COLLE		22,500.00		1,425.00		23,925.00		95,000.00		35.63
5012011		30103302	BRANDEIS UNIV		13,672.58		413.26		14,085.84		27,550.44		10.33
5012011		30104102	CALIFORNIA ST		—		4,500.00		4,500.00		300,000.00		112.50
5012011		30104201	CALIFORNIA ST		—		20,220.00		20,220.00		1,348,000.00		505.50
5012011		30109502	DREXEL UNIVER		100,000.00		6,475.00		106,475.00		370,000.00		138.75
5012011		30110802	FAIRLEIGH DIC		—		11,250.00		11,250.00		750,000.00		281.25
5012011		30117602	MACALESTER CO		11,213.12		3,538.54		14,751.66		235,902.68		88.46
5012011		30118401	MARYMOUNT UNI		40,000.00		3,825.00		43,825.00		260,025.00		97.51
5012011		30120402	MORAVIAN COLL		—		675.00		675.00		40,000.00		15.00
5012011		30120601	MORGAN STATE		82,330.03		10,414.13		92,744.16		694,275.66		260.35
5012011		30122302	NORTHEASTERN		85,743.75		21,455.82		107,199.57		1,430,387.98		536.40
5012011		30125506	RIDER COLLEGE		25,000.00		2,955.00		27,955.00		197,000.00		73.88
5012011		30127801	ST PAULS COLL		17,986.88		2,275.21		20,262.09		151,680.69		56.88
5012011		30128001	ST VINCENT CO		55,000.00		2,887.50		57,887.50		165,000.00		61.88
5012011		30128802	SETON HILL CO		—		1,921.25		1,921.25		106,000.00		39.75
5012011		30130703	SPRINGFIELD C		40,000.00		1,627.50		41,627.50		93,000.00		34.88
5012011		30140502	WITTENBERG UN		55,000.00		4,275.00		59,275.00		285,000.00		106.88
5012011		30140503	WITTENBERG UN		—		1,590.00		1,590.00		106,000.00		39.75
5012011		30104605	CARNEGIE-MELL		30,000.00		6,750.00		36,750.00		450,000.00		168.75
5012011		30114001	HOOD COLLEGE		—		1,522.50		1,522.50		84,000.00		31.50
5012011		30110401	EMMANUEL COLL		—		630.00		630.00		42,000.00		15.75
5012011		30111802	GANNON UNIVER		—		1,050.00		1,050.00		69,999.98		26.25
5012011		30112301	GEORGETOWN UN		—		23,295.00		23,295.00		1,553,000.00		582.38
5012011		30112302	GEORGETOWN UN		—		82,300.00		82,300.00		4,115,000.00		1,543.13
5012011		30117402	LYCOMING COLL		18,000.00		1,395.62		19,395.62		77,000.00		28.88
5012011		30117403	LYCOMING COLL		25,000.00		2,343.75		27,343.75		124,999.99		46.87
5012011		30117501	LYNCHBURG COL		35,000.00		3,243.75		38,243.75		173,000.00		64.88
5012011		30117502	LYNCHBURG COL		35,000.00		4,650.00		39,650.00		310,000.00		116.25
5012011		30118302	MARY BALDWIN		40,000.00		1,063.13		41,063.13		63,000.00		23.63
5012011		30119202	MERCER UNIVER		18,281.26		2,008.09		20,289.35		133,873.37		50.20
5012011		30119801	MILLSAPS COLL		—		5,040.00		5,040.00		336,000.00		126.00
5012011		30125504	RIDER COLLEGE		—		8,246.87		8,246.87		455,000.00		170.63
5012011		30127602	ST MICHAELS C		80,636.52		6,223.48		86,860.00		414,898.77		155.59
5012011		30138702	WESLEY COLLEG		20,000.00		725.63		20,725.63		43,000.00		16.13
			TOTALS:		955,364.14		283,082.91		1,238,447.05		17,152,594.56		6,432.29

Page 2 of 10

Berkadia Commercial Mortgage
College and University Loan Trust II
Loans Paid in Full
For the Period of May 01, 2011 through May 31, 2011

	Payoff		Total Amount				Interest
Loan Number	Date		Paid		Principal Amount		Amount		Other Fees		Maturity Date
30104801		5/12/2011		165,037.50		162,000.00		3,037.50				3012015
30117602		5/31/2011		240,030.98		235,902.68		4,128.30				5012020
30134002		5/18/2011		3,000.00		3,000.00		—				4012005
TOTALS:				408,068.48		400,902.68		7,165.80		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Summary of Partial Prepayments
For the Period of May 01, 2011 through May 31, 2011

		Total
Loan			Amount		Principal		Interest
Number	Date	Paid		Amount		Amount
none to report
TOTAL:			—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of May 31, 2011

Loan		Interest				Maturity
Number	Borrower Name	Rate		Current UPB		Date
30100103	ALABAMA AGRICULTURAL		3		790,000.00		5012018
30101601	AUBURN UNIVERSITY		3		1,135,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		80,000.00		4012015
30102604	BENEDICT COLLEGE		3		992,000.00		11012020
30102802	BETHANY COLLEGE - DORM BOND 1965		3.375		41,000.00		11012012
30102803	BETHANY COLLEGE - HALL BOND 1967		3		125,000.00		11012017
30102804	BETHANY COLLEGE - NOTE OF 1973		3		72,500.00		11012012
30103302	BRANDEIS UNIVERSITY		3		13,877.86		11012011
30104102	CALIFORNIA STATE UNIVERSITY,		3		300,000.00		11012013
30104201	TRUST SERVICES DIVISION		3		1,348,000.00		11012019
30104605	CARNEGIE MELLON		3		420,000.00		11012017
30104702	CARROLL COLLEGE 50560040		3.75		112,000.00		6012014
30104703	CARROLL COLLEGE 50560040		3		76,629.65		6012018
30105701	CHAMPLAIN COLLEGE, INC.		3		38,461.54		12012013
30106904	COLLEGE OF SANTA FE		3		279,000.00		10012018
30107002	COLLEGE OF THE HOLY CROSS		3.625		215,000.00		10012013
30108101	CUMBERLAND COLLEGE		3		148,000.00		8012017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		255,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		270,000.00		5012014
30109604	DRURY COLLEGE		3		81,000.00		4012015
30109801	DYOURVILLE COLLEGE		3		524,535.00		4012018
30110101	ELIZABETH CITY STATE UNIVERSITY		3		170,000.00		10012017
30110401	EMMANUEL COLLEGE		3		55,000.00		11012013
30110802	FAIRLEIGH DICKINSON UNIV		3		750,000.00		11012017
30111802	GANNON UNIV. - DORM BOND 1969, SER A		3		134,999.98		11012011
30112002	GEORGE FOX COLLEGE		3		353,630.16		7012018
30112301	GEORGETOWN UNIVERSITY		3		1,553,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		4,115,000.00		11012020
30112901	HAMPSHIRE COLLEGE		3		80,903.13		7012013
30112902	HAMPSHIRE COLLEGE		3		336,552.06		2012014
30113601	HINDS JUNIOR COLLEGE		3		209,000.00		4012013
30113702	HIWASSEE COLLEGE		3		92,116.65		9152018
30114001	HOOD COLLEGE		3.625		84,000.00		11012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		935,718.57		1012017
30116201	LASSEN JUNIOR COLLEGE		3		229,000.00		4012020
30117002	LONG ISLAND UNIVERSITY		3.625		200,876.35		6012014
30117402	LYCOMING COLLEGE		3.625		77,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		124,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		173,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		310,000.00		5012018
30117801	MARIAN COLLEGE OF FOND DU LAC		3		255,000.00		10012016
30118302	MARY BALDWIN COLLEGE		3.375		63,000.00		5012012
30118401	MARYMOUNT UNIVERSITY		3		220,025.00		5012016
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER		3.375		59,000.00		4012012
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		151,884.45		5012014
30119801	MILLSAPS COLLEGE		3		360,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		830,000.00		12012020
30120402	MORAVIAN COLLEGE		3.375		40,000.00		11012012
30120601	MORGAN STATE UNIVERSTIY		3		611,945.63		11012014

Page 7 of 10

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of May 31, 2011

Loan		Interest				Maturity
Number	Borrower Name	Rate		Current UPB		Date
30121101	NEW ENGLAND COLLEGE		3		65,000.00		4012016
30121201	NEWARK BETH ISREAL MEDICAL CENTER		3.625		160,000.00		1012014
30121501	NORFOLK STATE UNIVERSITY		3		1,623,303.79		12012021
30122302	NORTHEASTERN UNIVERSITY		3		1,344,644.23		5012018
30122802	OCCIDENTAL COLLEGE		3		158,000.00		10012019
30123401	PAINE COLLEGE		3		377,999.99		10012016
30123701	UNIVERSITY OF THE ARTS		3		1,376,231.26		1012022
30125504	RIDER COLLEGE		3.625		595,000.00		11012013
30125506	RIDER COLLEGE		3		172,000.00		5012017
30127402	ST MARY’S SCHOOL		3		208,000.00		6012020
30127602	SAINT MICHAELS COLLEGE		3		494,343.62		5012013
30127801	SAINT PAULS COLLEGE		3		133,693.81		11012014
30128001	SAINT VINCENT COLLEGE		3.5		110,000.00		5012013
30128802	SETON HILL COLLEGE		3.625		106,000.00		11012014
30129101	SIMPSON COLLEGE - BOND 1966		3		130,000.00		7012016
30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3		845,000.00		10012015
30130703	SPRINGFIELD COLLEGE		3.5		53,000.00		5012013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY		3.375		342,000.00		10012012
30132003	TAYLOR UNIVERSITY		3		261,000.00		10012013
30132402	TEXAS SOUTHERN UNIVERSITY		3.5		130,000.00		4012013
30132904	TUFTS UNIVERSITY		3		1,336,000.00		10012021
30133201	UNIV STUDENT COOP HOUSING		3		740,000.00		4012019
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		690,000.00		7012014
30136002	UNIVERSITY OF PUERTO RICO		3		169,000.00		6012011
30136801	UNIVERSITY OF ST THOMAS		3		340,000.00		10012019
30137702	VERMONT STATE COLLEGE		3		79,000.00		7012014
30137802	VILLANOVA UNIVERSITY		3		550,000.00		4012019
30137901	VINCENNES UNIVERSITY		3		2,370,000.00		6012023
30138001	VIRGINIA COMMONWEALTH		3		251,999.99		6012011
30138702	WESLEY COLLEGE		3.375		43,000.00		5012013
30140502	WITTENBERG UNIVERSITY		3		230,000.00		5012015
30140503	WITTENBERG UNIVERSITY		3		106,000.00		11012017
	TOTALS:				35,482,872.71

Page 8 of 10

Berkadia Commercial Mortgage
College and University Loan Trust II
Delinquency Report (60+ Days)
As of May 31, 2011

		Next
Loan		Payment
Number	Borrower Name	Due	P and I Due
30117002	LONG ISLAND UNIVERSITY	06/01/10		29,048.23
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	10/01/10		47,650.00
30109801	DYOUVILLE COLLEGE	10/01/10		75,736.06
30117801	MARIAN COLLEGE OF FOND DU LAC	10/01/10		42,125.00
30122802	OCCIDENTAL COLLEGE	10/01/10		18,530.00
30132003	TAYLOR UNIVERSITY	10/01/10		71,855.00
30132402	TEXAS SOUTHERN UNIVERSITY	10/01/10		44,550.00
30110401	EMMANUEL COLLEGE	11/01/10		14,455.00
30111802	GANNON UNIV. - DORM BOND 1969, SER A	11/01/10		68,075.00
30119202	MERCER UNIV.ACCOUNTING OFFICE	11/01/10		40,578.70
30119801	MILLSAPS COLLEGE	11/01/10		34,440.00
30125504	RIDER COLLEGE	11/01/10		148,521.85
30127602	SAINT MICHAELS COLLEGE	11/01/10		173,720.00
30101601	AUBURN UNIVERSITY	12/01/10		127,025.00
30129101	SIMPSON COLLEGE	01/01/11		1,950.00
30101701	AZUSA PACIFIC	04/01/11		16,500.00
30121101	NEW ENGLAND COLLEGE	04/01/11		10,975.00
30132904	TUFTS UNIVERSITY	04/01/11		20,040.00
TOTAL:				985,774.84

Berkadia Commercial Mortgage
College and University Loan Trust II
Liquidation Report
As of May 31, 2011

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust II
Collection Account Activity Report
For the Period of December 01, 2010 through December 31, 2010

Collections:
Principal Payments	618,274.48
Interest Payments	193,647.17
Total Principal and Interest Collections	811,921.65
Payments and Reversals Posted to Suspense	(275.00	)
Total Collections	811,646.65
Less: Servicing Fees (not withheld from remittances)	(4,169.98	)
Net Collections	807,476.67

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust II
Service Fees Schedule
For the Period of December 01, 2010 through December 31, 2010

	Loan
Date Due	Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
12012010		30101601	AUBURN UNIVER		110,000.00		17,025.00		127,025.00		1,135,000.00		425.63
12012010		30104702	CARROLL COLLE		—		2,100.00		2,100.00		112,000.00		42.00
12012010		30104703	CARROLL COLLE		4,525.66		1,217.33		5,742.99		81,180.31		30.44
12012010		30105701	CHAMPLAIN COL		6,082.77		668.16		6,750.93		44,544.31		16.70
12012010		30117002	LONG ISLAND U		—		3,171.88		3,171.88		175,000.00		65.63
12012010		30119903	MISSISSIPPI S		70,000.00		13,500.00		83,500.00		900,000.00		337.50
12012010		30121501	NORFOLK STATE		61,898.75		25,278.03		87,176.78		1,685,202.61		631.95
12012010		30127402	ST MARY’S COL		10,000.00		3,420.00		13,420.00		228,000.00		85.50
12012010		30134305	UNIVERSITY OF		20,000.00		5,235.00		25,235.00		349,000.00		130.88
12012010		30136002	UNIVERSITY OF		—		2,535.00		2,535.00		169,000.00		63.38
12012010		30137901	VINCENNES UNI		—		35,550.00		35,550.00		2,370,000.00		888.75
12012010		30138001	VIRGINIA COMM		—		3,780.00		3,780.00		251,999.99		94.50
			TOTALS:		282,507.18		113,480.40		395,987.58		7,500,927.22		2,812.86

Page 2 of 12

Berkadia Commercial Mortgage
College and University Loan Trust II
Loans Paid in Full
For the Period of December 01, 2010 through December 31, 2010

	Payoff	Total Amount				Interest
Loan Number	Date	Paid		Principal Amount		Amount		Other Fees		Maturity Date
none to report
TOTALS:			—		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Summary of Partial Prepayments
For the Period of December 01, 2010 through December 31, 2010

		Total
Loan		Amount		Principal		Interest
Number	Date	Paid		Amount		Amount
none to report
TOTAL:			—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of December 31, 2010

Loan Number		Borrower Name	Interest Rate		Current UPB		Maturity Date
	30100103	ALABAMA AGRICULTURAL		3		895,000.00		5012018
	30101601	AUBURN UNIVERSITY		3		1,135,000.00		12012018
	30101701	AZUSA PACIFIC UNIVERSITY		3.75		80,000.00		4012015
	30102604	BENEDICT COLLEGE		3		992,050.00		11012020
	30102802	BETHANY COLLEGE — DORM BOND 1965		3.375		41,000.00		11012012
	30102803	BETHANY COLLEGE — HALL BOND 1967		3		125,000.00		11012017
	30102804	BETHANY COLLEGE — NOTE OF 1973		3		95,000.00		11012012
	30103302	BRANDEIS UNIVERSITY		3		41,020.97		11012011
	30104102	CALIFORNIA STATE UNIVERSITY,		3		300,000.00		11012013
	30104201	TRUST SERVICES DIVISION		3		1,348,000.00		11012019
	30104605	CARNEGIE MELLON		3		450,000.00		11012017
	30104702	CARROLL COLLEGE 50560040		3.75		112,000.00		6012014
	30104703	CARROLL COLLEGE 50560040		3		76,654.65		6012018
	30104801	CARROLL COLLEGE — DORM BOND 1965		3.75		162,000.00		3012015
	30105701	CHAMPLAIN COLLEGE, INC.		3		38,461.54		12012013
	30106904	COLLEGE OF SANTA FE		3		279,000.00		10012018
	30107002	COLLEGE OF THE HOLY CROSS		3.625		215,025.00		10012013
	30108101	CUMBERLAND COLLEGE		3		148,000.00		8012017
	30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		255,000.00		4012016
	30109502	DREXEL UNIVERSITY		3.5		370,000.00		5012014
	30109604	DRURY COLLEGE		3		90,000.00		4012015
	30109801	DYOURVILLE COLLEGE		3		524,535.00		4012018
	30110101	ELIZABETH CITY STATE UNIVERSITY		3		170,050.00		10012017
	30110401	EMMANUEL COLLEGE		3		55,000.00		11012013
	30110802	FAIRLEIGH DICKINSON UNIV		3		750,050.00		11012017
	30111802	GANNON UNIV. — DORM BOND 1969, SER A		3		134,999.98		11012011
	30112002	GEORGE FOX COLLEGE		3		375,309.11		7012018
	30112301	GEORGETOWN UNIVERSITY		3		1,553,050.00		11012020
	30112302	GEORGETOWN UNIVERSITY		4		4,115,050.00		11012020
	30112901	HAMPSHIRE COLLEGE		3		96,373.61		7012013
	30112902	HAMPSHIRE COLLEGE		3		389,778.80		2012014
	30113601	HINDS JUNIOR COLLEGE		3		379,000.00		4012013
	30113702	HIWASSEE COLLEGE		3		97,561.23		9152018
	30114001	HOOD COLLEGE		3.625		84,000.00		11012014
	30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		1,013,316.03		1012017
	30116201	LASSEN JUNIOR COLLEGE		3		254,000.00		4012020
	30117002	LONG ISLAND UNIVERSITY		3.625		200,876.35		6012014
	30117204	LA. STATE UNIV. 1965 BOND SER B		3		38,000.00		7012005
	30117205	LA. STATE UNIV. 1966 BOND SER C		3		15,000.00		7012006
	30117402	LYCOMING COLLEGE		3.625		77,000.00		5012014
	30117403	LYCOMING COLLEGE		3.75		124,999.99		5012015
	30117501	LYNCHBURG COLLEGE		3.75		173,000.00		5012015
	30117502	LYNCHBURG COLLEGE		3		310,000.00		5012018
	30117602	MACALESTER COLLEGE		3		235,902.68		5012020
	30117801	MARIAN COLLEGE OF FOND DU LAC		3		255,000.00		10012016
	30118302	MARY BALDWIN COLLEGE		3.375		63,000.00		5012012
	30118401	MARYMOUNT UNIVERSITY		3		335,000.00		5012016
	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER		3.375		154,000.00		4012012
	30119202	MERCER UNIV. ACCOUNTING OFFICE		3		151,884.45		5012014

Page 7 of 12

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of December 31, 2010

Loan Number		Borrower Name	Interest Rate		Current UPB		Maturity Date
	30119801	MILLSAPS COLLEGE		3		360,000.00		11012021
	30119903	MISSISSIPPI STATE UNIVERSITY		3		900,000.00		12012020
	30120402	MORAVIAN COLLEGE		3.375		40,000.00		11012012
	30120601	MORGAN STATE UNIVERSTIY		3		694,275.66		11012014
	30121101	NEW ENGLAND COLLEGE		3		65,000.00		4012016
	30121201	NEWARK BETH ISREAL MEDICAL CENTER		3.625		210,000.00		1012014
	30121501	NORFOLK STATE UNIVERSITY		3		1,623,303.79		12012021
	30122302	NORTHEASTERN UNIVERSITY		3		1,514,864.57		5012018
	30122802	OCCIDENTAL COLLEGE		3		158,000.00		10012019
	30123401	PAINE COLLEGE		3		434,999.99		10012016
	30123701	UNIVERSITY OF THE ARTS		3		1,428,708.83		1012022
	30125504	RIDER COLLEGE		3.625		595,000.00		11012013
	30125506	RIDER COLLEGE		3		197,000.00		5012017
	30127402	ST MARY’S SCHOOL		3		218,000.00		6012020
	30127602	SAINT MICHAELS COLLEGE		3		494,343.62		5012013
	30127801	SAINT PAULS COLLEGE		3		151,680.69		11012014
	30128001	SAINT VINCENT COLLEGE		3.5		165,000.00		5012013
	30128802	SETON HILL COLLEGE		3.625		130,000.00		11012014
	30129101	SIMPSON COLLEGE — BOND 1966		3		130,000.00		7012016
	30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3		845,000.00		10012015
	30130703	SPRINGFIELD COLLEGE		3.5		93,000.00		5012013
	30130903	STEPHEN F AUSTIN STATE UNIVERSITY		3.375		342,000.00		10012012
	30132003	TAYLOR UNIVERSITY		3		261,000.00		10012013
	30132402	TEXAS SOUTHERN UNIVERSITY		3.5		130,000.00		4012013
	30132601	TRANSYLVANIA UNIVERSITY		3		47,000.00		11012010
	30132904	TUFTS UNIVERSITY		3		1,437,000.00		10012021
	30133201	UNIV STUDENT COOP HOUSING		3		820,000.00		4012019
	30134002	ARKANSAS STATE TEACHERS COLLEGE		3		78,000.00		4012005
	30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		690,000.00		7012014
	30136002	UNIVERSITY OF PUERTO RICO		3		169,000.00		6012011
	30136801	UNIVERSITY OF ST THOMAS		3		340,000.00		10012019
	30137702	VERMONT STATE COLLEGE		3		79,000.00		7012014
	30137802	VILLANOVA UNIVERSITY		3		610,000.00		4012019
	30137901	VINCENNES UNIVERSITY		3		2,370,000.00		6012023
	30138001	VIRGINIA COMMONWEALTH		3		251,999.99		6012011
	30138102	VIRGINA ST WESELEYAN COLLEGE		3		20,000.00		11012010
	30138702	WESLEY COLLEGE		3.375		43,000.00		5012013
	30140502	WITTENBERG UNIVERSITY		3		285,000.00		5012015
	30140503	WITTENBERG UNIVERSITY		3		106,050.00		11012017
		TOTALS:				37,901,176.53

Page 8 of 12

Berkadia Commercial Mortgage
College and University Loan Trust II
Delinquency Report (60+ Days)
As of December 31, 2010

Loan Number		Borrower Name	Next Payment Due		P and I Due
	30134002	UNIV CENTR AR		10/01/04		92,505.00
	30117204	LOUISIANA STA		01/01/06		5,700.00
	30117205	LA. STATE UNIV.1966 BOND SER C		01/01/07		1,800.00
	30118401	MARYMOUNT UNI		11/01/08		102,725.00
	30117002	LONG ISLAND U		06/01/10		29,048.23
	30107002	COLLEGE OF THE HOLY CROSS		10/01/10		25.00
	30108202	DAEMEN COLLEGE		10/01/10		3,825.00
	30109801	DYOUVILLE COLLEGE		10/01/10		7,868.03
	30110101	ELIZABETH CITY STATE UNIVERSITY		10/01/10		50.00
	30117801	MARIAN COLLEGE		10/01/10		38,825.00
	30119001	MEMORIAL SLOANE KETTERING		10/01/10		50.00
	30121101	NEW ENGLAND COLLEGE		10/01/10		25.00
	30122802	OCCIDENTAL COLLEGE		10/01/10		16,370.00
	30123401	PAINE COLLEGE		10/01/10		63,525.00
	30132003	TAYLOR UNIVERSITY		10/01/10		68,915.00
	30132402	TEXAS SOUTHERN UNIVERSITY		10/01/10		2,275.00
	30132904	TUFTS UNIVERSITY		10/01/10		122,555.00
	30102604	BENEDICT COLLEGE		11/01/10		50.00
	30103302	BRANDEIS UNIVERSITY		11/01/10		14,085.84
	30109502	DREXEL UNIVERSITY		11/01/10		6,475.00
	30110401	EMMANUAL COLLEGE		11/01/10		13,825.00
	30110802	FARLEIGH DICKINSON		11/01/10		50.00
	30111802	GANNON UNIVERSITY		11/01/10		67,025.00
	30112301	GEORGETOWN UNIVERSITY		11/01/10		50.00
	30112302	GEORGETOWN UNIVERSITY		11/01/10		50.00
	30117402	LYCOMING COLLEGE		11/01/10		24.97
	30117403	LYCOMING COLLEGE		11/01/10		25.00
	30117501	LYNCHBURG COLLEGE		11/01/10		25.00
	30117502	LYNCHBURG COLLEGE		11/01/10		25.00
	30118302	MARY BALDWIN		11/01/10		1,063.13
	30119202	MERCER UNIVERSITY		11/01/10		20,289.35
	30119801	MILLSAPS COLLEGE		11/01/10		29,400.00
	30119801	MORGAN STATE		11/01/10		50.00
	30122302	NORTHEASTERN		11/01/10		107,199.56
	30125504	RIDER COLLEGE		11/01/10		140,274.98
	30127602	ST MICHAELS COLLEGE		11/01/10		86,860.00
	30128001	ST VINCENT COLLEGE		11/01/10		25.00
	30128802	SETON HILL CO		11/01/10		26,356.25
	30130703	SPRINGFIELD COLLEGE		11/01/10		25.00

Loan Number		Borrower Name	Next Payment Due		P and I Due
	30132601	TRANSYLVANIA UNIVERSITY		11/01/10		47,705.00
	30138102	VIRGINA ST WESELEYAN COLLEGE		11/01/10		20,025.00
	30138702	WESLEY COLLEGE		11/01/10		25.00
	30140502	WITTENBERG UNIVERSITY		11/01/10		25.00
	30140503	WITTENBERG UNIVERSITY		11/01/10		50.00
TOTAL:						1,137,170.34

Berkadia Commercial Mortgage
College and University Loan Trust II
Liquidation Report
As of December 31, 2010

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust II
Collection Account Activity Report

For the Quarter Ended December 31, 2010

Collections:

	October			November			December
Principal Payments		649,716.00			663,267.16			618,274.48
Interest Payments		48,007.59			149,755.66			193,647.17
Total Principal and Interest Collections		697,723.59			813,022.82			811,921.65
Payments and Reversals Posted to Suspense		—			275.00			(275.00	)
Total Collections		697,723.59			813,297.82			811,646.65
Less: Servicing Fees (not withheld from remittances)		(1,465.18	)		(3,875.08	)		(4,169.98	)
Net Collections		696,258.41			809,422.74			807,476.67

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust II
Service Fees Schedule
For the Quarter Ended December 31, 2010

	Loan
Date Due	Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
October
10012010	30101701	AZUSA PACIFIC		—		1,500.00		1,500.00		80,000.00		30.00
10012010	30106904	COLLEGE OF SA		32,000.00		4,665.00		36,665.00		311,000.00		116.63
10012010	30107002	COLLEGE OF TH		85,000.00		5,437.50		90,437.50		300,000.00		112.50
10012010	30108202	DAEMEN COLLEG		—		3,825.00		3,825.00		255,000.00		95.63
10012010	30109604	DRURY COLLEGE		10,000.00		1,500.00		11,500.00		100,000.00		37.50
10012010	30109605	DRURY COLLEGE		25,000.00		375.00		25,375.00		25,000.00		9.38
10012010	30109801	DYOUVILLE COL		—		7,868.03		7,868.03		524,535.00		196.70
10012010	30110101	ELIZABETH CIT		20,000.00		2,850.00		22,850.00		190,050.00		71.27
10012010	30112002	GEORGE FOX CO		10,718.59		2,895.21		13,613.80		386,027.70		144.76
10012010	30113601	HINDS JUNIOR		—		5,685.00		5,685.00		379,000.00		142.13
10012010	30116201	LASSEN JUNIOR		—		3,810.00		3,810.00		254,000.00		95.25
10012010	30117801	MARIAN COLLEG		35,000.00		3,825.00		38,825.00		255,000.00		95.63
10012010	30119001	MEMORIAL SLOA		—		2,598.75		2,598.75		154,000.00		57.75
10012010	30121101	NEW ENGLAND C		—		975.00		975.00		65,000.00		24.38
10012010	30122802	OCCIDENTAL CO		14,000.00		2,370.00		16,370.00		158,000.00		59.25
10012010	30123401	PAINE COLLEGE		57,000.00		6,525.00		63,525.00		434,999.99		163.12
10012010	30130301	SOUTHWEST TEX		155,000.00		15,000.00		170,000.00		1,000,000.00		375.00
10012010	30130903	STEPHEN F AUS		165,000.00		8,555.63		173,555.63		507,000.00		190.13
10012010	30132003	TAYLOR UNIVER		65,000.00		3,915.00		68,915.00		261,000.00		97.88
10012010	30132402	TEXAS SOUTHER		—		2,275.00		2,275.00		130,000.00		48.75
10012010	30132904	TUFTS UNIVERS		101,000.00		21,555.00		122,555.00		1,437,000.00		538.88
10012010	30133201	UNIV STU COOP		—		12,300.00		12,300.00		820,000.00		307.50
10012010	30136801	UNIVERSITY OF		32,000.00		5,580.00		37,580.00		372,000.00		139.50
10012010	30137802	VILLANOVA UNI		—		9,150.00		9,150.00		610,000.00		228.75
		TOTALS:		806,718.59		135,035.12		941,753.71		9,008,612.69		3,378.27
10012010	30107002	COLLEGE OF TH		85,000.00		5,437.50		90,437.50		300,000.00		(112.50	)
10012010	30108202	DAEMEN COLLEG		—		3,825.00		3,825.00		255,000.00		(95.63	)
10012010	30109801	DYOUVILLE COL		—		7,868.03		7,868.03		524,535.00		(196.70	)
10012010	30117801	MARIAN COLLEG		35,000.00		3,825.00		38,825.00		255,000.00		(95.63	)
10012010	30119001	MEMORIAL SLOA		—		2,598.75		2,598.75		154,000.00		(57.75	)
10012010	30122802	OCCIDENTAL CO		14,000.00		2,370.00		16,370.00		158,000.00		(59.25	)
10012010	30123401	PAINE COLLEGE		57,000.00		6,525.00		63,525.00		434,999.99		(163.12	)
10012010	30132003	TAYLOR UNIVER		65,000.00		3,915.00		68,915.00		261,000.00		(97.88	)
10012010	30132402	TEXAS SOUTHER		—		2,275.00		2,275.00		130,000.00		(48.75	)
10012010	30132904	TUFTS UNIVERS		101,000.00		21,555.00		122,555.00		1,437,000.00		(538.88	)
10012010	30133201	UNIV STU COOP		—		12,300.00		12,300.00		820,000.00		(307.50	)
10012010	30136801	UNIVERSITY OF		32,000.00		5,580.00		37,580.00		372,000.00		(139.50	)
												1,465.18
November
11012010	30100103	ALABAMA AGRIC		—		13,425.00		13,425.00		895,000.00		335.63
11012010	30100301	ALBRIGHT COLL		35,000.00		3,120.00		38,120.00		208,000.00		78.00
11012010	30102604	BENEDICT COLL		84,000.00		16,140.00		100,140.00		1,076,050.00		403.52
11012010	30102802	BETHANY COLLE		25,000.00		1,113.75		26,113.75		66,000.00		24.75
11012010	30102803	BETHANY COLLE		15,000.00		2,100.00		17,100.00		140,000.00		52.50
11012010	30102804	BETHANY COLLE		22,500.00		1,762.50		24,262.50		117,500.00		44.06
11012010	30103302	BRANDEIS UNIV		13,470.53		615.31		14,085.84		41,020.97		15.38

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust II
Service Fees Schedule
For the Quarter Ended December 31, 2010

	Loan
Date Due	Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
11012010	30104102	CALIFORNIA ST		95,000.00		5,925.00		100,925.00		395,000.00		148.13
11012010	30104201	CALIFORNIA ST		130,000.00		22,170.00		152,170.00		1,478,000.00		554.25
11012010	30104605	CARNEGIE-MELL		27,000.00		7,155.00		34,155.00		477,000.00		178.88
11012010	30107701	CONCORDIA COL		—		5,775.00		5,775.00		385,000.00		144.38
11012010	30109502	DREXEL UNIVER		—		6,475.00		6,475.00		370,000.00		138.75
11012010	30110401	EMMANUEL COLL		13,000.00		825.00		13,825.00		55,000.00		20.63
11012010	30110802	FAIRLEIGH DIC		90,000.00		12,600.00		102,600.00		840,050.00		315.02
11012010	30111802	GANNON UNIVER		65,000.00		2,025.00		67,025.00		134,999.98		50.62
11012010	30112301	GEORGETOWN UN		132,000.00		25,275.00		157,275.00		1,685,000.00		631.88
11012010	30112302	GEORGETOWN UN		335,000.00		89,000.00		424,000.00		4,450,000.00		1,668.75
11012010	30114001	HOOD COLLEGE		22,000.00		1,921.25		23,921.25		106,000.00		39.75
11012010	30117402	LYCOMING COLL		—		1,395.62		1,395.62		77,000.00		28.88
11012010	30117403	LYCOMING COLL		—		2,343.75		2,343.75		124,999.99		46.87
11012010	30117501	LYNCHBURG COL		—		3,243.75		3,243.75		173,000.00		64.88
11012010	30117502	LYNCHBURG COL		—		4,650.00		4,650.00		310,000.00		116.25
11012010	30117602	MACALESTER CO		11,047.41		3,704.25		14,751.66		246,950.09		92.61
11012010	30118302	MARY BALDWIN		—		1,063.13		1,063.13		63,000.00		23.63
11012010	30118401	MARYMOUNT UNI		—		3,825.00		3,825.00		255,000.00		95.63
11012010	30119202	MERCER UNIVER		18,011.08		2,278.27		20,289.35		151,884.45		56.96
11012010	30119801	MILLSAPS COLL		24,000.00		5,400.00		29,400.00		360,000.00		135.00
11012010	30120402	MORAVIAN COLL		19,000.00		995.63		19,995.63		59,000.00		22.13
11012010	30120601	MORGAN STATE		81,113.33		11,630.83		92,744.16		775,388.99		290.77
11012010	30122302	NORTHEASTERN		84,476.60		22,722.97		107,199.57		1,599,341.17		599.75
11012010	30125504	RIDER COLLEGE		140,000.00		10,784.37		150,784.37		735,000.00		275.63
11012010	30125506	RIDER COLLEGE		—		2,955.00		2,955.00		197,000.00		73.88
11012010	30127602	ST MICHAELS C		79,444.85		7,415.15		86,860.00		494,343.62		185.38
11012010	30127801	ST PAULS COLL		17,721.06		2,541.03		20,262.09		169,401.75		63.53
11012010	30128001	ST VINCENT CO		—		2,887.50		2,887.50		165,000.00		61.88
11012010	30128401	SANGAMON STAT		35,000.00		8,925.00		43,925.00		595,000.00		223.13
11012010	30128802	SETON HILL CO		24,000.00		2,356.25		26,356.25		130,000.00		48.75
11012010	30130703	SPRINGFIELD C		—		1,627.50		1,627.50		93,000.00		34.88
11012010	30132601	TRANSYLVANIA		47,000.00		705.00		47,705.00		47,000.00		17.63
11012010	30138102	VIRGINIA WESL		20,000.00		300.00		20,300.00		20,000.00		7.50
11012010	30138702	WESLEY COLLEG		—		725.63		725.63		43,000.00		16.13
11012010	30140502	WITTENBERG UN		—		4,275.00		4,275.00		285,000.00		106.88
11012010	30140503	WITTENBERG UN		14,000.00		1,800.00		15,800.00		120,050.00		45.02
		TOTALS:		1,718,784.86		327,973.44		2,046,758.30		20,208,981.01		7,578.46
10012010	30133201	UNIV STU COOP		—		12,300.00		12,300.00		820,000.00		307.50
10012010	30136801	UNIVERSITY OF		32,000.00		5,580.00		37,580.00		372,000.00		139.50
11012010	30100301	ALBRIGHT COLL		35,000.00		3,120.00		38,120.00		208,000.00		(78.00	)
11012010	30103302	BRANDEIS UNIV		13,470.53		615.31		14,085.84		41,020.97		(15.38	)
11012010	30107701	CONCORDIA COL		—		5,775.00		5,775.00		385,000.00		(144.38	)
11012010	30109502	DREXEL UNIVER		—		6,475.00		6,475.00		370,000.00		(138.75	)
11012010	30110401	EMMANUEL COLL		13,000.00		825.00		13,825.00		55,000.00		(20.63	)
11012010	30111802	GANNON UNIVER		65,000.00		2,025.00		67,025.00		134,999.98		(50.62	)
11012010	30112301	GEORGETOWN UN		132,000.00		25,275.00		157,275.00		1,685,000.00		(631.88	)
11012010	30112302	GEORGETOWN UN		335,000.00		89,000.00		424,000.00		4,450,000.00		(1,668.75	)
11012010	30118302	MARY BALDWIN		—		1,063.13		1,063.13		63,000.00		(23.63	)
11012010	30118401	MARYMOUNT UNI		—		3,825.00		3,825.00		255,000.00		(95.63	)
11012010	30119202	MERCER UNIVER		18,011.08		2,278.27		20,289.35		151,884.45		(56.96	)
11012010	30119801	MILLSAPS COLL		24,000.00		5,400.00		29,400.00		360,000.00		(135.00	)
11012010	30122302	NORTHEASTERN		84,476.60		22,722.97		107,199.57		1,599,341.17		(599.75	)
11012010	30127602	ST MICHAELS C		79,444.85		7,415.15		86,860.00		494,343.62		(185.38	)

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust II
Service Fees Schedule
For the Quarter Ended December 31, 2010

	Loan
Date Due	Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
11012010	30128401	SANGAMON STAT		35,000.00		8,925.00		43,925.00		595,000.00		(223.13	)
11012010	30128802	SETON HILL CO		24,000.00		2,356.25		26,356.25		130,000.00		(48.75	)
11012010	30132601	TRANSYLVANIA		47,000.00		705.00		47,705.00		47,000.00		(17.63	)
11012010	30138702	WESLEY COLLEG		—		725.63		725.63		43,000.00		(16.13	)
												3,875.08
December
12012010	30101601	AUBURN UNIVER		110,000.00		17,025.00		127,025.00		1,135,000.00		425.63
12012010	30104702	CARROLL COLLE		—		2,100.00		2,100.00		112,000.00		42.00
12012010	30104703	CARROLL COLLE		4,525.66		1,217.33		5,742.99		81,180.31		30.44
12012010	30105701	CHAMPLAIN COL		6,082.77		668.16		6,750.93		44,544.31		16.70
12012010	30117002	LONG ISLAND U		—		3,171.88		3,171.88		175,000.00		65.63
12012010	30119903	MISSISSIPPI S		70,000.00		13,500.00		83,500.00		900,000.00		337.50
12012010	30121501	NORFOLK STATE		61,898.75		25,278.03		87,176.78		1,685,202.61		631.95
12012010	30127402	ST MARY’S COL		10,000.00		3,420.00		13,420.00		228,000.00		85.50
12012010	30134305	UNIVERSITY OF		20,000.00		5,235.00		25,235.00		349,000.00		130.88
12012010	30136002	UNIVERSITY OF		—		2,535.00		2,535.00		169,000.00		63.38
12012010	30137901	VINCENNES UNI		—		35,550.00		35,550.00		2,370,000.00		888.75
12012010	30138001	VIRGINIA COMM		—		3,780.00		3,780.00		251,999.99		94.50
		TOTALS:		282,507.18		113,480.40		395,987.58		7,500,927.22		2,812.86
11012010	30112301	GEORGETOWN UN		132,000.00		25,275.00		157,275.00		1,685,000.00		631.88
11012010	30112302	GEORGETOWN UN		335,000.00		89,000.00		424,000.00		4,450,000.00		1,668.75
11012010	30138702	WESLEY COLLEG		—		725.63		725.63		43,000.00		16.13
12012010	30101601	AUBURN UNIVER		110,000.00		17,025.00		127,025.00		1,135,000.00		(425.63	)
12012010	30117002	LONG ISLAND U		—		3,171.88		3,171.88		175,000.00		(65.63	)
12012010	30119903	MISSISSIPPI S		70,000.00		13,500.00		83,500.00		900,000.00		(337.50	)
12012010	30134305	UNIVERSITY OF		20,000.00		5,235.00		25,235.00		349,000.00		(130.88	)
												4,169.98
TOTALS FOR QTR				2,808,010.63		576,488.96		3,384,499.59		36,718,520.92		9,510.24

Berkadia Commercial Mortgage
College and University Loan Trust II
Paid In Full Loan Schedule
For the Quarter Ended December 31, 2010

					Principal						Maturity
Loan Number		Payoff Date		Total Amount Paid	Amount		Interest Amount		Other Fees		Date
	30109605		10/5/2010	25,000.00		25,000.00		—				10012010
	30134305		10/27/2010	353,362.50		349,000.00		4,362.50				12012018
TOTALS				378,362.50		374,000.00		4,362.50		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Summary of Partial Prepayments
For the Quarter Ended December 31, 2010

		Total Amount		Principal
Loan Number	Payoff Date	Paid		Amount		Interest Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
For the Quarter Ended December 31, 2010

			Interest				Maturity
Loan Number		Borrower Name	Rate		Current UPB		Date
October
	30100103	ALABAMA AGRICULTURAL		3.00		895,000.00		5-01-2018
	30101601	AUBURN UNIVERSITY		3.00		1,135,000.00		12-01-2018
	30101701	AZUSA PACIFIC UNIVERSITY		3.75		80,000.00		4-01-2015
	30102604	BENEDICT COLLEGE		3.00		1,076,000.00		11-01-2020
	30102802	BETHANY COLLEGE — DORM BOND 1965		3.38		66,000.00		11-01-2012
	30102803	BETHANY COLLEGE — HALL BOND 1967		3.00		140,000.00		11-01-2017
	30102804	BETHANY COLLEGE — NOTE OF 1973		3.00		117,500.00		11-01-2012
	30103302	BRANDEIS UNIVERSITY		3.00		41,020.97		11-01-2011
	30104102	CALIFORNIA STATE UNIVERSITY,		3.00		395,000.00		11-01-2013
	30104201	TRUST SERVICES DIVISION		3.00		1,478,000.00		11-01-2019
	30104605	CARNEGIE MELLON		3.00		450,000.00		11-01-2017
	30104702	CARROLL COLLEGE		3.75		112,000.00		6-01-2014
	30104703	CARROLL COLLEGE		3.00		81,155.31		6-01-2018
	30104801	CARROLL COLLEGE — DORM BOND 1965		3.75		162,000.00		3-01-2015
	30105701	CHAMPLAIN COLLEGE, INC.		3.00		44,544.31		12-01-2013
	30106904	COLLEGE OF SANTA FE		3.00		279,000.00		10-01-2018
	30107002	COLLEGE OF THE HOLY CROSS		3.63		300,000.00		10-01-2013
	30108101	CUMBERLAND COLLEGE		3.00		148,000.00		8-01-2017
	30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		255,000.00		4-01-2016
	30109502	DREXEL UNIVERSITY		3.50		370,000.00		5-01-2014
	30109604	DRURY COLLEGE		3.00		90,000.00		4-01-2015
	30109801	DYOURVILLE COLLEGE		3.00		524,535.00		4-01-2018
	30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		170,050.00		10-01-2017
	30110401	EMMANUEL COLLEGE		3.00		55,000.00		11-01-2013
	30110802	FAIRLEIGH DICKINSON UNIV		3.00		840,000.00		11-01-2017
	30111802	GANNON UNIV. — DORM BOND 1969, SER A		3.00		134,999.98		11-01-2011
	30112002	GEORGE FOX COLLEGE		3.00		375,309.11		7-01-2018
	30112301	GEORGETOWN UNIVERSITY		3.00		1,685,000.00		11-01-2020
	30112302	GEORGETOWN UNIVERSITY		4.00		4,450,000.00		11-01-2020
	30112901	HAMPSHIRE COLLEGE		3.00		96,373.61		7-01-2013
	30112902	HAMPSHIRE COLLEGE		3.00		389,778.80		2-01-2014
	30113601	HINDS JUNIOR COLLEGE		3.00		379,000.00		4-01-2013
	30113702	HIWASSEE COLLEGE		3.00		97,561.23		9-15-2018
	30114001	HOOD COLLEGE		3.63		106,000.00		11-01-2014
	30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		1,013,316.03		1-01-2017
	30116201	LASSEN JUNIOR COLLEGE		3.00		254,000.00		4-01-2020
	30117002	LONG ISLAND UNIVERSITY		3.63		200,876.35		6-01-2014
	30117204	LA. STATE UNIV. 1965 BOND SER B		3.00		38,000.00		7-01-2005
	30117205	LA. STATE UNIV. 1966 BOND SER C		3.00		15,000.00		7-01-2006
	30117402	LYCOMING COLLEGE		3.63		77,000.00		5-01-2014
	30117403	LYCOMING COLLEGE		3.75		124,999.99		5-01-2015
	30117501	LYNCHBURG COLLEGE		3.75		173,000.00		5-01-2015
	30117502	LYNCHBURG COLLEGE		3.00		310,000.00		5-01-2018
	30117602	MACALESTER COLLEGE		3.00		235,902.68		5-01-2020
	30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		255,000.00		10-01-2016
	30118302	MARY BALDWIN COLLEGE		3.38		63,000.00		5-01-2012
	30118401	MARYMOUNT UNIVERSITY		3.00		335,000.00		5-01-2016
	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER		3.38		154,000.00		4-01-2012
	30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		151,884.45		5-01-2014
	30119801	MILLSAPS COLLEGE		3.00		360,000.00		11-01-2021
	30119903	MISSISSIPPI STATE UNIVERSITY		3.00		900,000.00		12-01-2020
	30120402	MORAVIAN COLLEGE		3.38		59,000.00		11-01-2012

Page 8 of 15

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
For the Quarter Ended December 31, 2010

			Interest				Maturity
Loan Number		Borrower Name	Rate		Current UPB		Date
	30120601	MORGAN STATE UNIVERSTIY		3.00		775,388.99		11-01-2014
	30121101	NEW ENGLAND COLLEGE		3.00		65,000.00		4-01-2016
	30121201	NEWARK BETH ISREAL MEDICAL CENTER		3.63		210,000.00		1-01-2014
	30121501	NORFOLK STATE UNIVERSITY		3.00		1,685,202.61		12-01-2021
	30122302	NORTHEASTERN UNIVERSITY		3.00		1,514,864.57		5-01-2018
	30122802	OCCIDENTAL COLLEGE		3.00		158,000.00		10-01-2019
	30123401	PAINE COLLEGE		3.00		434,999.99		10-01-2016
	30123701	UNIVERSITY OF THE ARTS		3.00		1,428,708.83		1-01-2022
	30125504	RIDER COLLEGE		3.63		595,000.00		11-01-2013
	30125506	RIDER COLLEGE		3.00		197,000.00		5-01-2017
	30127402	ST MARY’S SCHOOL		3.00		228,000.00		6-01-2020
	30127602	SAINT MICHAELS COLLEGE		3.00		494,343.62		5-01-2013
	30127801	SAINT PAULS COLLEGE		3.00		169,401.75		11-01-2014
	30128001	SAINT VINCENT COLLEGE		3.50		165,000.00		5-01-2013
	30128802	SETON HILL COLLEGE		3.63		130,000.00		11-01-2014
	30129101	SIMPSON COLLEGE — BOND 1966		3.00		130,000.00		7-01-2016
	30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3.00		845,000.00		10-01-2015
	30130703	SPRINGFIELD COLLEGE		3.50		93,000.00		5-01-2013
	30130903	STEPHEN F AUSTIN STATE UNIVERSITY		3.38		342,000.00		10-01-2012
	30132003	TAYLOR UNIVERSITY		3.00		261,000.00		10-01-2013
	30132402	TEXAS SOUTHERN UNIVERSITY		3.50		130,000.00		4-01-2013
	30132601	TRANSYLVANIA UNIVERSITY		3.00		47,000.00		11-01-2010
	30132904	TUFTS UNIVERSITY		3.00		1,437,000.00		10-01-2021
	30133201	UNIV STUDENT COOP HOUSING		3.00		820,000.00		4-01-2019
	30134002	ARKANSAS STATE TEACHERS COLLEGE		3.00		78,000.00		4-01-2005
	30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		690,000.00		7-01-2014
	30136002	UNIVERSITY OF PUERTO RICO		3.00		169,000.00		6-01-2011
	30136801	UNIVERSITY OF ST THOMAS		3.00		372,000.00		10-01-2019
	30137702	VERMONT STATE COLLEGE		3.00		79,000.00		7-01-2014
	30137802	VILLANOVA UNIVERSITY		3.00		610,000.00		4-01-2019
	30137901	VINCENNES UNIVERSITY		3.00		2,370,000.00		6-01-2023
	30138001	VIRGINIA COMMONWEALTH		3.00		251,999.99		6-01-2011
	30138102	VIRGINA ST WESELEYAN COLLEGE		3.00		20,000.00		11-01-2010
	30138702	WESLEY COLLEGE		3.38		43,000.00		5-01-2013
	30140502	WITTENBERG UNIVERSITY		3.00		285,000.00		5-01-2015
	30140503	WITTENBERG UNIVERSITY		3.00		120,000.00		11-01-2017
		TOTALS:				39,182,718.17
November
	30100103	ALABAMA AGRICULTURAL		3.00		895,000.00		5-01-2018
	30101601	AUBURN UNIVERSITY		3.00		1,135,000.00		12-01-2018
	30101701	AZUSA PACIFIC UNIVERSITY		3.75		80,000.00		4-01-2015
	30102604	BENEDICT COLLEGE		3.00		992,050.00		11-01-2020
	30102802	BETHANY COLLEGE — DORM BOND 1965		3.38		41,000.00		11-01-2012
	30102803	BETHANY COLLEGE — HALL BOND 1967		3.00		125,000.00		11-01-2017
	30102804	BETHANY COLLEGE — NOTE OF 1973		3.00		95,000.00		11-01-2012
	30103302	BRANDEIS UNIVERSITY		3.00		41,020.97		11-01-2011
	30104102	CALIFORNIA STATE UNIVERSITY,		3.00		300,000.00		11-01-2013
	30104201	TRUST SERVICES DIVISION		3.00		1,348,000.00		11-01-2019
	30104605	CARNEGIE MELLON		3.00		450,000.00		11-01-2017
	30104702	CARROLL COLLEGE		3.75		112,000.00		6-01-2014

Page 9 of 15

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
For the Quarter Ended December 31, 2010

			Interest				Maturity
Loan Number		Borrower Name	Rate		Current UPB		Date
	30104703	CARROLL COLLEGE		3.00		81,155.31		6-01-2018
	30104801	CARROLL COLLEGE — DORM BOND 1965		3.75		162,000.00		3-01-2015
	30105701	CHAMPLAIN COLLEGE, INC.		3.00		38,461.54		12-01-2013
	30106904	COLLEGE OF SANTA FE		3.00		279,000.00		10-01-2018
	30107002	COLLEGE OF THE HOLY CROSS		3.63		300,000.00		10-01-2013
	30108101	CUMBERLAND COLLEGE		3.00		148,000.00		8-01-2017
	30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		255,000.00		4-01-2016
	30109502	DREXEL UNIVERSITY		3.50		370,000.00		5-01-2014
	30109604	DRURY COLLEGE		3.00		90,000.00		4-01-2015
	30109801	DYOURVILLE COLLEGE		3.00		524,535.00		4-01-2018
	30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		170,050.00		10-01-2017
	30110401	EMMANUEL COLLEGE		3.00		55,000.00		11-01-2013
	30110802	FAIRLEIGH DICKINSON UNIV		3.00		750,050.00		11-01-2017
	30111802	GANNON UNIV. — DORM BOND 1969, SER A		3.00		134,999.98		11-01-2011
	30112002	GEORGE FOX COLLEGE		3.00		375,309.11		7-01-2018
	30112301	GEORGETOWN UNIVERSITY		3.00		1,685,000.00		11-01-2020
	30112302	GEORGETOWN UNIVERSITY		4.00		4,450,000.00		11-01-2020
	30112901	HAMPSHIRE COLLEGE		3.00		96,373.61		7-01-2013
	30112902	HAMPSHIRE COLLEGE		3.00		389,778.80		2-01-2014
	30113601	HINDS JUNIOR COLLEGE		3.00		379,000.00		4-01-2013
	30113702	HIWASSEE COLLEGE		3.00		97,561.23		9-15-2018
	30114001	HOOD COLLEGE		3.63		84,000.00		11-01-2014
	30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		1,013,316.03		1-01-2017
	30116201	LASSEN JUNIOR COLLEGE		3.00		254,000.00		4-01-2020
	30117002	LONG ISLAND UNIVERSITY		3.63		200,876.35		6-01-2014
	30117204	LA. STATE UNIV. 1965 BOND SER B		3.00		38,000.00		7-01-2005
	30117205	LA. STATE UNIV. 1966 BOND SER C		3.00		15,000.00		7-01-2006
	30117402	LYCOMING COLLEGE		3.63		77,000.00		5-01-2014
	30117403	LYCOMING COLLEGE		3.75		124,999.99		5-01-2015
	30117501	LYNCHBURG COLLEGE		3.75		173,000.00		5-01-2015
	30117502	LYNCHBURG COLLEGE		3.00		310,000.00		5-01-2018
	30117602	MACALESTER COLLEGE		3.00		235,902.68		5-01-2020
	30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		255,000.00		10-01-2016
	30118302	MARY BALDWIN COLLEGE		3.38		63,000.00		5-01-2012
	30118401	MARYMOUNT UNIVERSITY		3.00		335,000.00		5-01-2016
	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER		3.38		154,000.00		4-01-2012
	30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		151,884.45		5-01-2014
	30119801	MILLSAPS COLLEGE		3.00		360,000.00		11-01-2021
	30119903	MISSISSIPPI STATE UNIVERSITY		3.00		900,000.00		12-01-2020
	30120402	MORAVIAN COLLEGE		3.38		40,000.00		11-01-2012
	30120601	MORGAN STATE UNIVERSTIY		3.00		694,275.66		11-01-2014
	30121101	NEW ENGLAND COLLEGE		3.00		65,000.00		4-01-2016
	30121201	NEWARK BETH ISREAL MEDICAL CENTER		3.63		210,000.00		1-01-2014
	30121501	NORFOLK STATE UNIVERSITY		3.00		1,685,202.61		12-01-2021
	30122302	NORTHEASTERN UNIVERSITY		3.00		1,514,864.57		5-01-2018
	30122802	OCCIDENTAL COLLEGE		3.00		158,000.00		10-01-2019
	30123401	PAINE COLLEGE		3.00		434,999.99		10-01-2016
	30123701	UNIVERSITY OF THE ARTS		3.00		1,428,708.83		1-01-2022
	30125504	RIDER COLLEGE		3.63		595,000.00		11-01-2013
	30125506	RIDER COLLEGE		3.00		197,000.00		5-01-2017
	30127402	ST MARY’S SCHOOL		3.00		218,000.00		6-01-2020
	30127602	SAINT MICHAELS COLLEGE		3.00		494,343.62		5-01-2013
	30127801	SAINT PAULS COLLEGE		3.00		151,680.69		11-01-2014
	30128001	SAINT VINCENT COLLEGE		3.50		165,000.00		5-01-2013

Page 10 of 15

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
For the Quarter Ended December 31, 2010

			Interest				Maturity
Loan Number		Borrower Name	Rate		Current UPB		Date
	30128802	SETON HILL COLLEGE		3.63		130,000.00		11-01-2014
	30129101	SIMPSON COLLEGE — BOND 1966		3.00		130,000.00		7-01-2016
	30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3.00		845,000.00		10-01-2015
	30130703	SPRINGFIELD COLLEGE		3.50		93,000.00		5-01-2013
	30130903	STEPHEN F AUSTIN STATE UNIVERSITY		3.38		342,000.00		10-01-2012
	30132003	TAYLOR UNIVERSITY		3.00		261,000.00		10-01-2013
	30132402	TEXAS SOUTHERN UNIVERSITY		3.50		130,000.00		4-01-2013
	30132601	TRANSYLVANIA UNIVERSITY		3.00		47,000.00		11-01-2010
	30132904	TUFTS UNIVERSITY		3.00		1,437,000.00		10-01-2021
	30133201	UNIV STUDENT COOP HOUSING		3.00		820,000.00		4-01-2019
	30134002	ARKANSAS STATE TEACHERS COLLEGE		3.00		78,000.00		4-01-2005
	30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		690,000.00		7-01-2014
	30136002	UNIVERSITY OF PUERTO RICO		3.00		169,000.00		6-01-2011
	30136801	UNIVERSITY OF ST THOMAS		3.00		340,000.00		10-01-2019
	30137702	VERMONT STATE COLLEGE		3.00		79,000.00		7-01-2014
	30137802	VILLANOVA UNIVERSITY		3.00		610,000.00		4-01-2019
	30137901	VINCENNES UNIVERSITY		3.00		2,370,000.00		6-01-2023
	30138001	VIRGINIA COMMONWEALTH		3.00		251,999.99		6-01-2011
	30138102	VIRGINA ST WESELEYAN COLLEGE		3.00		20,000.00		11-01-2010
	30138702	WESLEY COLLEGE		3.38		43,000.00		5-01-2013
	30140502	WITTENBERG UNIVERSITY		3.00		285,000.00		5-01-2015
	30140503	WITTENBERG UNIVERSITY		3.00		106,050.00		11-01-2017
		TOTALS:				38,519,451.01
December
	30100103	ALABAMA AGRICULTURAL		3.00		895,000.00		5-01-2018
	30101601	AUBURN UNIVERSITY		3.00		1,135,000.00		12-01-2018
	30101701	AZUSA PACIFIC UNIVERSITY		3.75		80,000.00		4-01-2015
	30102604	BENEDICT COLLEGE		3.00		992,050.00		11-01-2020
	30102802	BETHANY COLLEGE — DORM BOND 1965		3.38		41,000.00		11-01-2012
	30102803	BETHANY COLLEGE — HALL BOND 1967		3.00		125,000.00		11-01-2017
	30102804	BETHANY COLLEGE — NOTE OF 1973		3.00		95,000.00		11-01-2012
	30103302	BRANDEIS UNIVERSITY		3.00		41,020.97		11-01-2011
	30104102	CALIFORNIA STATE UNIVERSITY,		3.00		300,000.00		11-01-2013
	30104201	TRUST SERVICES DIVISION		3.00		1,348,000.00		11-01-2019
	30104605	CARNEGIE MELLON		3.00		450,000.00		11-01-2017
	30104702	CARROLL COLLEGE 50560040		3.75		112,000.00		6-01-2014
	30104703	CARROLL COLLEGE 50560040		3.00		76,654.65		6-01-2018
	30104801	CARROLL COLLEGE — DORM BOND 1965		3.75		162,000.00		3-01-2015
	30105701	CHAMPLAIN COLLEGE, INC.		3.00		38,461.54		12-01-2013
	30106904	COLLEGE OF SANTA FE		3.00		279,000.00		10-01-2018
	30107002	COLLEGE OF THE HOLY CROSS		3.63		215,025.00		10-01-2013
	30108101	CUMBERLAND COLLEGE		3.00		148,000.00		8-01-2017
	30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		255,000.00		4-01-2016
	30109502	DREXEL UNIVERSITY		3.50		370,000.00		5-01-2014
	30109604	DRURY COLLEGE		3.00		90,000.00		4-01-2015
	30109801	DYOURVILLE COLLEGE		3.00		524,535.00		4-01-2018
	30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		170,050.00		10-01-2017
	30110401	EMMANUEL COLLEGE		3.00		55,000.00		11-01-2013
	30110802	FAIRLEIGH DICKINSON UNIV		3.00		750,050.00		11-01-2017
	30111802	GANNON UNIV. — DORM BOND 1969, SER A		3.00		134,999.98		11-01-2011
	30112002	GEORGE FOX COLLEGE		3.00		375,309.11		7-01-2018

Page 11 of 15

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
For the Quarter Ended December 31, 2010

			Interest				Maturity
Loan Number		Borrower Name	Rate		Current UPB		Date
	30112301	GEORGETOWN UNIVERSITY		3.00		1,553,050.00		11-01-2020
	30112302	GEORGETOWN UNIVERSITY		4.00		4,115,050.00		11-01-2020
	30112901	HAMPSHIRE COLLEGE		3.00		96,373.61		7-01-2013
	30112902	HAMPSHIRE COLLEGE		3.00		389,778.80		2-01-2014
	30113601	HINDS JUNIOR COLLEGE		3.00		379,000.00		4-01-2013
	30113702	HIWASSEE COLLEGE		3.00		97,561.23		9-15-2018
	30114001	HOOD COLLEGE		3.63		84,000.00		11-01-2014
	30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		1,013,316.03		1-01-2017
	30116201	LASSEN JUNIOR COLLEGE		3.00		254,000.00		4-01-2020
	30117002	LONG ISLAND UNIVERSITY		3.63		200,876.35		6-01-2014
	30117204	LA. STATE UNIV. 1965 BOND SER B		3.00		38,000.00		7-01-2005
	30117205	LA. STATE UNIV. 1966 BOND SER C		3.00		15,000.00		7-01-2006
	30117402	LYCOMING COLLEGE		3.63		77,000.00		5-01-2014
	30117403	LYCOMING COLLEGE		3.75		124,999.99		5-01-2015
	30117501	LYNCHBURG COLLEGE		3.75		173,000.00		5-01-2015
	30117502	LYNCHBURG COLLEGE		3.00		310,000.00		5-01-2018
	30117602	MACALESTER COLLEGE		3.00		235,902.68		5-01-2020
	30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		255,000.00		10-01-2016
	30118302	MARY BALDWIN COLLEGE		3.38		63,000.00		5-01-2012
	30118401	MARYMOUNT UNIVERSITY		3.00		335,000.00		5-01-2016
	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER		3.38		154,000.00		4-01-2012
	30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		151,884.45		5-01-2014
	30119801	MILLSAPS COLLEGE		3.00		360,000.00		11-01-2021
	30119903	MISSISSIPPI STATE UNIVERSITY		3.00		900,000.00		12-01-2020
	30120402	MORAVIAN COLLEGE		3.38		40,000.00		11-01-2012
	30120601	MORGAN STATE UNIVERSTIY		3.00		694,275.66		11-01-2014
	30121101	NEW ENGLAND COLLEGE		3.00		65,000.00		4-01-2016
	30121201	NEWARK BETH ISREAL MEDICAL CENTER		3.63		210,000.00		1-01-2014
	30121501	NORFOLK STATE UNIVERSITY		3.00		1,623,303.79		12-01-2021
	30122302	NORTHEASTERN UNIVERSITY		3.00		1,514,864.57		5-01-2018
	30122802	OCCIDENTAL COLLEGE		3.00		158,000.00		10-01-2019
	30123401	PAINE COLLEGE		3.00		434,999.99		10-01-2016
	30123701	UNIVERSITY OF THE ARTS		3.00		1,428,708.83		1-01-2022
	30125504	RIDER COLLEGE		3.63		595,000.00		11-01-2013
	30125506	RIDER COLLEGE		3.00		197,000.00		5-01-2017
	30127402	ST MARY’S SCHOOL		3.00		218,000.00		6-01-2020
	30127602	SAINT MICHAELS COLLEGE		3.00		494,343.62		5-01-2013
	30127801	SAINT PAULS COLLEGE		3.00		151,680.69		11-01-2014
	30128001	SAINT VINCENT COLLEGE		3.50		165,000.00		5-01-2013
	30128802	SETON HILL COLLEGE		3.63		130,000.00		11-01-2014
	30129101	SIMPSON COLLEGE — BOND 1966		3.00		130,000.00		7-01-2016
	30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3.00		845,000.00		10-01-2015
	30130703	SPRINGFIELD COLLEGE		3.50		93,000.00		5-01-2013
	30130903	STEPHEN F AUSTIN STATE UNIVERSITY		3.38		342,000.00		10-01-2012
	30132003	TAYLOR UNIVERSITY		3.00		261,000.00		10-01-2013
	30132402	TEXAS SOUTHERN UNIVERSITY		3.50		130,000.00		4-01-2013
	30132601	TRANSYLVANIA UNIVERSITY		3.00		47,000.00		11-01-2010
	30132904	TUFTS UNIVERSITY		3.00		1,437,000.00		10-01-2021
	30133201	UNIV STUDENT COOP HOUSING		3.00		820,000.00		4-01-2019
	30134002	ARKANSAS STATE TEACHERS COLLEGE		3.00		78,000.00		4-01-2005
	30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		690,000.00		7-01-2014
	30136002	UNIVERSITY OF PUERTO RICO		3.00		169,000.00		6-01-2011
	30136801	UNIVERSITY OF ST THOMAS		3.00		340,000.00		10-01-2019
	30137702	VERMONT STATE COLLEGE		3.00		79,000.00		7-01-2014

Page 12 of 15

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
For the Quarter Ended December 31, 2010

			Interest				Maturity
Loan Number		Borrower Name	Rate		Current UPB		Date
	30137802	VILLANOVA UNIVERSITY		3.00		610,000.00		4-01-2019
	30137901	VINCENNES UNIVERSITY		3.00		2,370,000.00		6-01-2023
	30138001	VIRGINIA COMMONWEALTH		3.00		251,999.99		6-01-2011
	30138102	VIRGINA ST WESELEYAN COLLEGE		3.00		20,000.00		11-01-2010
	30138702	WESLEY COLLEGE		3.38		43,000.00		5-01-2013
	30140502	WITTENBERG UNIVERSITY		3.00		285,000.00		5-01-2015
	30140503	WITTENBERG UNIVERSITY		3.00		106,050.00		11-01-2017
		TOTALS:				37,901,176.53

Page 13 of 15

Berkadia Commercial Mortgage
College and University Loan Trust II
Delinquency Report (60+ Days)
For the Quarter Ended December 31, 2010

Loan Number		Borrower Name	Next Payment Due		P and I Due		Current UPB
	30134002	UNIV CENTR AR		10/01/04		92,505.00		78,000.00
	30117204	LOUISIANA STA		01/01/06		5,700.00		38,000.00
	30117205	LA. STATE UNIV.1966 BOND SER C		01/01/07		1,800.00		15,000.00
	30118401	MARYMOUNT UNI		11/01/08		102,725.00		335,000.00
	30117002	LONG ISLAND U		06/01/10		29,048.23		200,876.35
	30107002	COLLEGE OF THE HOLY CROSS		10/01/10		25.00		215,025.00
	30108202	DAEMEN COLLEGE		10/01/10		3,825.00		255,000.00
	30109801	DYOUVILLE COLLEGE		10/01/10		7,868.03		524,535.00
	30110101	ELIZABETH CITY STATE UNIVERSITY		10/01/10		50.00		170,050.00
	30117801	MARIAN COLLEGE		10/01/10		38,825.00		255,000.00
	30119001	MEMORIAL SLOANE KETTERING		10/01/10		50.00		154,000.00
	30121101	NEW ENGLAND COLLEGE		10/01/10		25.00		65,000.00
	30122802	OCCIDENTAL COLLEGE		10/01/10		16,370.00		158,000.00
	30123401	PAINE COLLEGE		10/01/10		63,525.00		434,999.99
	30132003	TAYLOR UNIVERSITY		10/01/10		68,915.00		261,000.00
	30132402	TEXAS SOUTHERN UNIVERSITY		10/01/10		2,275.00		130,000.00
	30132904	TUFTS UNIVERSITY		10/01/10		122,555.00		1,437,000.00
	30102604	BENEDICT COLLEGE		11/01/10		50.00		992,050.00
	30103302	BRANDEIS UNIVERSITY		11/01/10		14,085.84		41,020.97
	30109502	DREXEL UNIVERSITY		11/01/10		6,475.00		370,000.00
	30110401	EMMANUAL COLLEGE		11/01/10		13,825.00		55,000.00
	30110802	FARLEIGH DICKINSON		11/01/10		50.00		750,050.00
	30111802	GANNON UNIVERSITY		11/01/10		67,025.00		134,999.98
	30112301	GEORGETOWN UNIVERSITY		11/01/10		50.00		1,553,050.00
	30112302	GEORGETOWN UNIVERSITY		11/01/10		50.00		4,115,050.00
	30117402	LYCOMING COLLEGE		11/01/10		24.97		77,000.00
	30117403	LYCOMING COLLEGE		11/01/10		25.00		124,999.99
	30117501	LYNCHBURG COLLEGE		11/01/10		25.00		173,000.00
	30117502	LYNCHBURG COLLEGE		11/01/10		25.00		310,000.00
	30118302	MARY BALDWIN		11/01/10		1,063.13		63,000.00
	30119202	MERCER UNIVERSITY		11/01/10		20,289.35		151,884.45
	30119801	MILLSAPS COLLEGE		11/01/10		29,400.00		360,000.00
	30119801	MORGAN STATE		11/01/10		50.00		694,275.66
	30122302	NORTHEASTERN		11/01/10		107,199.56		1,514,864.57
	30125504	RIDER COLLEGE		11/01/10		140,274.98		595,000.00
	30127602	ST MICHAELS COLLEGE		11/01/10		86,860.00		494,343.62
	30128001	ST VINCENT COLLEGE		11/01/10		25.00		165,000.00
	30128802	SETON HILL CO		11/01/10		26,356.25		130,000.00
	30130703	SPRINGFIELD COLLEGE		11/01/10		25.00		93,000.00
	30132601	TRANSYLVANIA UNIVERSITY		11/01/10		47,705.00		47,000.00
	30138102	VIRGINA ST WESELEYAN COLLEGE		11/01/10		20,025.00		20,000.00
	30138702	WESLEY COLLEGE		11/01/10		25.00		43,000.00
	30140502	WITTENBERG UNIVERSITY		11/01/10		25.00		285,000.00
	30140503	WITTENBERG UNIVERSITY		11/01/10		50.00		106,050.00
TOTAL:						1,137,170.34		18,185,125.58

Berkadia Commercial Mortgage
College and University Loan Trust II
Liquidation Report
For the Quarter Ended December 31, 2010

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust II
Collection Account Activity Report
For the Quarter Ended March 31, 2011

Collections:

	January			February			March
Principal Payments		341,741.76			20,000.00			231,094.58
Interest Payments		62,937.17			2,195.00			35,704.57
Total Principal and Interest Collections		404,678.93			22,195.00			266,799.15
Payments and Reversals Posted to Suspense		—			—			—
Total Collections		404,678.93			22,195.00			266,799.15
Less: Servicing Fees (not withheld from remittances)		(1,486.41	)		(332.55	)		(641.84	)
Net Collections		403,192.52			21,862.45			266,157.31

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust II
Service Fees Schedule
For the Quarter Ended March 31, 2011

Date Due		Loan Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
January
	01012011	30112002	GEORGE FOX CO		10,798.98		2,814.82		13,613.80		375,309.11		140.74
	01012011	30112901	HAMPSHIRE COL		15,470.48		1,445.60		16,916.08		96,373.61		36.14
	01012011	30114802	INTER AMERICA		77,597.46		15,199.74		92,797.20		1,013,316.03		379.99
	01012011	30117204	LOUISIANA STA		—		570.00		570.00		3,800.00		1.43
	01012011	30117205	LOUISIANA STA		—		225.00		225.00		1,500.00		0.56
	01012011	30121201	NEWARK BETH I		50,000.00		3,806.25		53,806.25		260,000.00		97.50
	01012011	30123701	PHILADELPHIA		52,477.57		21,430.63		73,908.20		1,428,708.83		535.77
	01012011	30129101	SIMPSON COLLE		—		1,950.00		1,950.00		130,000.00		48.75
	01012011	30134402	UNIVERSITY OF		—		10,350.00		10,350.00		690,000.00		258.75
	01012011	30137702	VERMONT STATE		—		1,185.00		1,185.00		79,000.00		29.63
			TOTALS:		206,344.49		58,977.04		265,321.53		4,078,007.58		1,529.26
	11012010	30118302	MARY BALDWIN		—		1,063.13		1,063.13		63,000.00		23.63
	11012010	30128802	SETON HILL CO		24,000.00		2,356.25		26,356.25		130,000.00		48.75
	11012010	30103302	BRANDEIS UNIV		13,470.53		615.31		14,085.84		41,020.97		15.38
	11012010	30132601	TRANSYLVANIA		47,000.00		705.00		47,705.00		47,000.00		17.63
	01012011	30117204	LOUISIANA STA		—		570.00		570.00		3,800.00		(1.43	)
	01012011	30117205	LOUISIANA STA		—		225.00		225.00		1,500.00		(0.56	)
	01012011	30121201	NEWARK BETH I		50,000.00		3,806.25		53,806.25		260,000.00		(97.50	)
	01012011	30129101	SIMPSON COLLE		—		1,950.00		1,950.00		130,000.00		(48.75	)
													1,486.41
February
	02012011	30108101	CUMBERLAND CO		—		2,220.00		2,220.00		148,000.00		55.50
	02012011	30112902	HAMPSHIRE COL		53,226.74		5,846.68		59,073.42		389,778.80		146.17
			TOTALS:		53,226.74		8,066.68		61,293.42		537,778.80		201.67
	12012010	30134305	UNIVERSITY OF		20,000.00		5,235.00		25,235.00		349,000.00		130.88
													332.55
March
	03012011	30104801	CARROLL COLLE		30,000.00		3,037.50		33,037.50		162,000.00		60.75
	03152011	30113702	HIWASSEE COLL		5,444.58		1,463.42		6,908.00		97,561.23		36.59
			TOTALS:		35,444.58		4,500.92		39,945.50		259,561.23		97.34
	03012011	30104801	CARROLL COLLE		30,000.00		3,037.50		33,037.50		162,000.00		(60.75	)
	10012010	30107002	COLLEGE OF TH		85,000.00		5,437.50		90,437.50		300,000.00		112.50
	10012010	30119001	MEMORIAL SLOA		—		2,598.75		2,598.75		154,000.00		57.75
	12012010	30119903	MISSISSIPPI S		70,000.00		13,500.00		83,500.00		900,000.00		337.50
	01012011	30121201	NEWARK BETH I		50,000.00		3,806.25		53,806.25		260,000.00		97.50

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust II
Service Fees Schedule
For the Quarter Ended March 31, 2011

Date Due	Loan Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
												641.84
	TOTALS FOR QTR			295,015.81		71,544.64		366,560.45		4,875,347.61		2,460.80

Berkadia Commercial Mortgage
College and University Loan Trust II
Paid In Full Loan Schedule
For the Quarter Ended March 31, 2011

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
30132601		1/5/2011		47,000.00		47,000.00		—				11012010
30138102		2/23/2011		20,000.00		20,000.00		—				11012010
30117204		3/9/2011		3,800.00		3,800.00		—				7012005
30117205		3/24/2011		1,500.00		1,500.00		—				7012006
TOTALS				72,300.00		72,300.00		—		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Summary of Partial Prepayments
For the Quarter Ended March 31, 2011

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount
30134002		3-29-11		75,000.00		75,000.00		—
	TOTAL:			75,000.00		75,000.00		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of March 31, 2011

Loan Number		Borrower Name	Interest Rate		Current UPB		Maturity Date
	30100103	ALABAMA AGRICULTURAL		3		895,000.00		5012018
	30101601	AUBURN UNIVERSITY		3		1,135,000.00		12012018
	30101701	AZUSA PACIFIC UNIVERSITY		3.75		80,000.00		4012015
	30102604	BENEDICT COLLEGE		3		992,000.00		11012020
	30102802	BETHANY COLLEGE — DORM BOND 1965		3.375		41,000.00		11012012
	30102803	BETHANY COLLEGE — HALL BOND 1967		3		125,000.00		11012017
	30102804	BETHANY COLLEGE — NOTE OF 1973		3		95,000.00		11012012
	30103302	BRANDEIS UNIVERSITY		3		27,550.44		11012011
	30104102	CALIFORNIA STATE UNIVERSITY,		3		300,000.00		11012013
	30104201	TRUST SERVICES DIVISION		3		1,348,000.00		11012019
	30104605	CARNEGIE MELLON		3		450,000.00		11012017
	30104702	CARROLL COLLEGE 50560040		3.75		112,000.00		6012014
	30104703	CARROLL COLLEGE 50560040		3		76,629.65		6012018
	30104801	CARROLL COLLEGE — DORM BOND 1965		3.75		162,000.00		3012015
	30105701	CHAMPLAIN COLLEGE, INC.		3		38,461.54		12012013
	30106904	COLLEGE OF SANTA FE		3		279,000.00		10012018
	30107002	COLLEGE OF THE HOLY CROSS		3.625		215,000.00		10012013
	30108101	CUMBERLAND COLLEGE		3		148,000.00		8012017
	30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		255,000.00		4012016
	30109502	DREXEL UNIVERSITY		3.5		370,000.00		5012014
	30109604	DRURY COLLEGE		3		90,000.00		4012015
	30109801	DYOURVILLE COLLEGE		3		524,535.00		4012018
	30110101	ELIZABETH CITY STATE UNIVERSITY		3		170,000.00		10012017
	30110401	EMMANUEL COLLEGE		3		55,000.00		11012013
	30110802	FAIRLEIGH DICKINSON UNIV		3		750,000.00		11012017
	30111802	GANNON UNIV. — DORM BOND 1969, SER A		3		134,999.98		11012011
	30112002	GEORGE FOX COLLEGE		3		364,510.13		7012018
	30112301	GEORGETOWN UNIVERSITY		3		1,553,000.00		11012020
	30112302	GEORGETOWN UNIVERSITY		4		4,115,000.00		11012020
	30112901	HAMPSHIRE COLLEGE		3		80,903.13		7012013
	30112902	HAMPSHIRE COLLEGE		3		336,552.06		2012014
	30113601	HINDS JUNIOR COLLEGE		3		379,000.00		4012013
	30113702	HIWASSEE COLLEGE		3		92,116.65		9152018
	30114001	HOOD COLLEGE		3.625		84,000.00		11012014
	30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		935,718.57		1012017
	30116201	LASSEN JUNIOR COLLEGE		3		229,000.00		4012020
	30117002	LONG ISLAND UNIVERSITY		3.625		200,876.35		6012014
	30117402	LYCOMING COLLEGE		3.625		77,000.00		5012014
	30117403	LYCOMING COLLEGE		3.75		124,999.99		5012015
	30117501	LYNCHBURG COLLEGE		3.75		173,000.00		5012015
	30117502	LYNCHBURG COLLEGE		3		310,000.00		5012018
	30117602	MACALESTER COLLEGE		3		235,902.68		5012020
	30117801	MARIAN COLLEGE OF FOND DU LAC		3		255,000.00		10012016
	30118302	MARY BALDWIN COLLEGE		3.375		63,000.00		5012012
	30118401	MARYMOUNT UNIVERSITY		3		335,000.00		5012016
	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER		3.375		154,000.00		4012012
	30119202	MERCER UNIV. ACCOUNTING OFFICE		3		151,884.45		5012014
	30119801	MILLSAPS COLLEGE		3		360,000.00		11012021
	30119903	MISSISSIPPI STATE UNIVERSITY		3		830,000.00		12012020
	30120402	MORAVIAN COLLEGE		3.375		40,000.00		11012012

Page 7 of 10

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of March 31, 2011

Loan Number		Borrower Name		Interest Rate		Current UPB		Maturity Date
	30120601	MORGAN STATE UNIVERSTIY			3		694,275.66		11012014
	30121101	NEW ENGLAND COLLEGE			3		65,000.00		4012016
	30121201	NEWARK BETH ISREAL MEDICAL CENTER			3.625		160,000.00		1012014
	30121501	NORFOLK STATE UNIVERSITY			3		1,623,303.79		12012021
	30122302	NORTHEASTERN UNIVERSITY			3		1,514,864.57		5012018
	30122802	OCCIDENTAL COLLEGE			3		158,000.00		10012019
	30123401	PAINE COLLEGE			3		434,999.99		10012016
	30123701	UNIVERSITY OF THE ARTS			3		1,376,231.26		1012022
	30125504	RIDER COLLEGE			3.625		595,000.00		11012013
	30125506	RIDER COLLEGE			3		197,000.00		5012017
	30127402	ST MARY’S SCHOOL			3		218,000.00		6012020
	30127602	SAINT MICHAELS COLLEGE			3		494,343.62		5012013
	30127801	SAINT PAULS COLLEGE			3		151,680.69		11012014
	30128001	SAINT VINCENT COLLEGE			3.5		165,000.00		5012013
	30128802	SETON HILL COLLEGE			3.625		106,000.00		11012014
	30129101	SIMPSON COLLEGE — BOND 1966			3		130,000.00		7012016
	30130301	SOUTHWEST TEXAS STATE UNIVERSITY			3		845,000.00		10012015
	30130703	SPRINGFIELD COLLEGE			3.5		93,000.00		5012013
	30130903	STEPHEN F AUSTIN STATE UNIVERSITY			3.375		342,000.00		10012012
	30132003	TAYLOR UNIVERSITY			3		261,000.00		10012013
	30132402	TEXAS SOUTHERN UNIVERSITY			3.5		130,000.00		4012013
	30132904	TUFTS UNIVERSITY			3		1,437,000.00		10012021
	30133201	UNIV STUDENT COOP HOUSING			3		820,000.00		4012019
	30134002	ARKANSAS STATE TEACHERS COLLEGE			3		3,000.00		4012005
	30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84			3		690,000.00		7012014
	30136002	UNIVERSITY OF PUERTO RICO			3		169,000.00		6012011
	30136801	UNIVERSITY OF ST THOMAS			3		340,000.00		10012019
	30137702	VERMONT STATE COLLEGE	��		3		79,000.00		7012014
	30137802	VILLANOVA UNIVERSITY			3		610,000.00		4012019
	30137901	VINCENNES UNIVERSITY			3		2,370,000.00		6012023
	30138001	VIRGINIA COMMONWEALTH			3		251,999.99		6012011
	30138702	WESLEY COLLEGE			3.375		43,000.00		5012013
	30140502	WITTENBERG UNIVERSITY			3		285,000.00		5012015
	30140503	WITTENBERG UNIVERSITY			3		106,000.00		11012017
		TOTALS:					37,308,340.19

Page 8 of 10

Berkadia Commercial Mortgage
College and University Loan Trust II
Delinquency Report (60+ Days)
As of March 31, 2011

Loan Number		Borrower Name	Next Payment Due		P and I Due
	30134002	ARKANSAS STATE TEACHERS COLLEGE		10/01/04		92,505.00
	30118401	MARYMOUNT UNIVERSITY		11/01/08		102,725.00
	30117002	LONG ISLAND UNIVERSITY		06/01/10		29,048.23
	30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		10/01/10		3,825.00
	30109801	DYOUVILLE COLLEGE		10/01/10		7,868.03
	30117801	MARIAN COLLEGE OF FOND DU LAC		10/01/10		38,825.00
	30122802	OCCIDENTAL COLLEGE		10/01/10		16,370.00
	30123401	PAINE COLLEGE		10/01/10		63,525.00
	30132003	TAYLOR UNIVERSITY		10/01/10		68,915.00
	30132402	TEXAS SOUTHERN UNIVERSITY		10/01/10		2,275.00
	30132904	TUFTS UNIVERSITY		10/01/10		122,555.00
	30109502	DREXEL UNIVERSITY		11/01/10		6,475.00
	30110401	EMMANUEL COLLEGE		11/01/10		13,825.00
	30111802	GANNON UNIV. — DORM BOND 1969, SER A		11/01/10		67,025.00
	30119202	MERCER UNIV.ACCOUNTING OFFICE		11/01/10		20,289.35
	30119801	MILLSAPS COLLEGE		11/01/10		29,400.00
	30120601	MORGAN STATE UNIVERSTIY		11/01/10		50.00
	30122302	NORTHEASTERN UNIVERSITY		11/01/10		107,199.56
	30125504	RIDER COLLEGE		11/01/10		140,274.98
	30127602	SAINT MICHAELS COLLEGE		11/01/10		86,860.00
	30101601	AUBURN UNIVERSITY		12/01/10		127,025.00
	30129101	SIMPSON COLLEGE		01/01/11		1,950.00
TOTAL:						1,148,810.15

Berkadia Commercial Mortgage
College and University Loan Trust II
Liquidation Report
For the Quarter Ended March 31, 2011

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report for January 2011	DTL

												Principal		Principal		Interest								Net System			Total Bank				ACH Debits and
Date Received	Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Paid		Paid		Suspense			Total Paid			Credits			Credits		Wires		Other Wires
20110103		1012011		30112002	GEORGE FOX COLLEGE		10,798.98		2,814.82		13,613.80		375,309.11		10,798.98		2,814.82		—			13,613.80
20110103		1012011		30112901	HAMPSHIRE COLLEGE		15,470.48		1,445.60		16,916.08		96,373.61		15,470.48		1,445.60		—			16,916.08
20110103		11012010		30128802	SETON HILL COLLEGE										24,000.00		2,356.25		—			26,356.25
20110103		1012011		30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		—		10,350.00		10,350.00		690,000.00		0		10,350.00		—			10,350.00
20110103		1012011		30137702	VERMONT STATE COLLEGE		—		1,185.00		1,185.00		79,000.00		0		1,185.00		—			1,185.00
System Credits 1/3																									68,421.13
System Debits 1/3																									—
Bank Credit 1/3
Bank Debit 1/3 (funds movement adj)
Trustee Wire 1/3
20110104		0		30103302	BRANDEIS UNIVERSITY										—		—		14,060.85			14,060.85
20110104		0		30132601	TRANSYLVANIA UNIVERSITY										—		—		47,680.00			47,680.00
System Credits 1/4																									61,740.85
System Debits 1/4
Bank Credit 1/4																												136,842.26
Bank Debit 1/4 (service fees)
Bank Debit 1/4 (funds movement adj)																																(68,421.13	)
Trustee Wire 1/4																														68,421.13
20110105		0		30103302	BRANDEIS UNIVERSITY										—		—		(14,060.85	)		(14,060.85	)
20110105		11012010		30103302	BRANDEIS UNIVERSITY										13,470.53		—		—			13,470.53
20110105		11012010		30103302	BRANDEIS UNIVERSITY										—		590.32		—			590.32
20110105		1012011		30123701	UNIVERSITY OF THE ARTS		52,477.57		21,430.63		73,908.20		1,428,708.83		52,477.57		21,430.63		—			73,908.20
20110105		0		30132601	TRANSYLVANIA UNIVERSITY										—		—		(47,680.00	)		(47,680.00	)
20110105		11012010		30132601	TRANSYLVANIA UNIVERSITY										47,000.00		—		—			47,000.00
20110105		11012010		30132601	TRANSYLVANIA UNIVERSITY										—		680.00		—			680.00
System Credits 1/5																									135,649.05
System Debits 1/5																									(61,740.85	)
Bank Credit 1/5																												61,740.85
Bank Debit 1/5 (pmt reversal)
Bank Debit 1/5 (funds movement adj)
Trustee Wire 1/5																														61,740.85
20110106		1012011		30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		77,597.46		15,199.74		92,797.20		1,013,316.03		77,597.46		15,199.74		—			92,797.20
System Credits 1/6																									92,797.20
System Debits 1/6
Bank Credit 1/6																												271,298.10
Bank Debit 1/6 (funds movement adj)																																(197,389.90	)
Trustee Wire 1/6																														73,908.20
20110120		7012005		30117204	LA. STATE UNIV. 1965 BOND SER B										34,200.00		—		—			34,200.00
20110120		7012006		30117205	LA. STATE UNIV. 1966 BOND SER C										13,500.00		—		—			13,500.00
System Credits 1/7																									47,700.00
System Debits 1/7																									—
Bank Credit 1/7																												185,594.40
Bank Debit 1/10 (service fees)																																(4,169.98	)
Bank Debit 1/7 (funds movement adj)																																(92,797.20	)
Trustee Wire 1/7																														88,627.22
20110121		11012010		30118302	MARY BALDWIN COLLEGE												1,038.13					1,038.13
System Credits 1/21																									1,038.13
System Debits 1/21																									—
Bank Credit 1/21																												95,400.00
Bank Debit 1/21 (funds movement adj)																																(47,700.00	)
Trustee Wire 1/21																														47,700.00
20110131		2012011		30112902	HAMPSHIRE COLLEGE										53,226.74		5,846.68					59,073.42
System Credits 1/21																									59,073.42
System Debits 1/21																									—
Bank Credit 1/21
Bank Debit 1/21 (funds movement adj)
Trustee Wire 1/21
System Credits 2/1																									—
System Debits 2/1																									—
Bank Credit 2/1																												118,146.84
Bank Debit 2/1 (funds movement adj)																																(59,073.42	)
Trustee Wire 2/1																														59,073.42
					TOTALS:		156,344.49		52,425.79		208,770.28		3,682,707.58		341,741.76		62,937.17		—			404,678.93			404,678.93			869,022.45		399,470.82		(469,551.63	)
Loans Due in Current Period and Paid in Prior Period:
					TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
		01012011		30117204	LOUISIANA STA		—		570.00		570.00		—
		01012011		30117205	LOUISIANA STA		—		225.00		225.00		—
		01012011		30121201	NEWARK BETH I		50,000.00		3,806.25		53,806.25		260,000.00
		01012011		30129101	SIMPSON COLLE		—		1,950.00		1,950.00		130,000.00
					TOTALS:		50,000.00		6,551.25		56,551.25		390,000.00
					GRAND TOTAL:		206,344.49		58,977.04		265,321.53		4,072,707.58

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report Reconciliation
January-11

Total System Credits @ 1/31		404,678.93
Total Bank Credits @ 1/31		869,022.45
12/31/2011	in transit
1/21/2011	Direct to Lender payment	1,038.13
1/4/2011	funds movement adjustment	(68,421.13	)
1/6/2011	funds movement adjustment	(197,389.90	)
1/7/2011	funds movement adjustment	(92,797.20	)
1/21/2011	funds movement adjustment	(47,700.00	)
2/1/2011	funds movement adjustment	(59,073.42	)
	payment reversal
	payment reversal
	payment reversal
	funds movement adjustment
		404,678.93
Adjusted Bank Credits:		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report Reconciliation
January-11

Total Bank Credits @ 1/31		869,022.45
Total Debits to Trustee @ 1/31		399,470.82
12/2/2010	Service Fee	4,169.98
1/4/2011	funds movement adjustment	68,421.13
1/6/2011	funds movement adjustment	197,389.90
1/7/2011	funds movement adjustment	92,797.20
1/21/2011	funds movement adjustment	47,700.00
2/1/2011	funds movement adjustment	59,073.42
	funds movement adjustment
	payment reversal
	funds movement adjustment
	funds movement adjustment
	funds movement adjustment
	payment reversal
	funds movement adjustment
Adjusted Debits to Trustee		869,022.45
		—

Berkadia Commercial Mortgage
College and University Loan Trust II

Remittance Report for December 2010 DTL                            

																															ACH Debits
Date						Principal		Interest		Total		Principal		Principal		Interest					Total			Net System			Total Bank				and
Received	Date Due		Loan Number		Borrower Name	Due		Due		Due		Balance		Paid		Paid		Suspense			Paid			Credits			Credits		Wires		Other Wires
20101201		12012010		30121501	NORFOLK STATE UNIVERSITY		61,898.75		25,278.03		87,176.78		1,685,202.61		61,898.75		25,277.96		—			87,176.71
20101201		0		30121501	NORFOLK STATE UNIVERSITY										—		—		0.07			0.07
20101201		12012010		30137901	VINCENNES UNIVERSITY		—		35,550.00		35,550.00		2,370,000.00		—		35,550.00		—			35,550.00
20101201		12012010		30138001	VIRGINIA COMMONWEALTH		—		3,780.00		3,780.00		251,999.99		—		3,780.00		—			3,780.00
System Credits 12/1																									126,506.78
System Debits 12/1																									—
Bank Credit 12/1																												61,344.36
Bank Debit 12/1 (funds movement adj)																																30,672.18
Trustee Wire 12/1																														30,672.18
20101202		0		30121501	NORFOLK STATE UNIVERSITY										—		—		(0.07	)		(0.07	)
20101202		6012011		30121501	NORFOLK STATE UNIVERSITY										0.07		—		—			0.07
System Credits 12/2																									0.07
System Debits 12/2																									(0.07	)
Bank Credit 12/2																												253,013.49
Bank Debit 12/2 (service fees)																																3,875.08
Bank Debit 12/2 (funds movement adj)																																126,506.71
Trustee Wire 12/2																														122,631.70
20101203		12012010		30104702	CARROLL COLLEGE 50560040		—		2,100.00		2,100.00		112,000.00		—		2,075.00		—			2,075.00
20101203		0		30104703	CARROLL COLLEGE 50560040										—		—		5,717.99			5,717.99
System Credits 12/3																									7,792.99
System Debits 12/3																									—
Bank Credit 12/3																												0.14
Bank Debit 12/3 (pmt reversal)																																0.07
Bank Debit 12/3 (funds movement adj)																																0.07
Trustee Wire 12/3
20101206		0		30104703	CARROLL COLLEGE 50560040										—		—		(5,717.99	)		(5,717.99	)
20101206		12012010		30104703	CARROLL COLLEGE 50560040		4,525.66		1,217.33		5,742.99		81,180.31		4,500.66		—		—			4,500.66
20101206		12012010		30104703	CARROLL COLLEGE 50560040										—		1,217.33		—			1,217.33
System Credits 12/6																									5,717.99
System Debits 12/6																									(5,717.99	)
Bank Credit 12/6																												9,867.99
Bank Debit 12/6 (funds movement adj)																																2,075.00
Trustee Wire 12/6																														7,792.99
20101207		10012010		30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER										—		2,548.75		—			2,548.75
System Credits 12/7																									2,548.75
System Debits 12/7																									—
Bank Credit 12/7																												11,435.98
Bank Debit 12/7 (pmt reversal)																																5,717.99
Bank Debit 12/7 (funds movement adj)																																5,717.99
Trustee Wire 12/7
20101209		11012010		30112301	GEORGETOWN UNIVERSITY										131,950.00		25,275.00		—			157,225.00
20101209		11012010		30112302	GEORGETOWN UNIVERSITY					��					334,950.00		89,000.00		—			423,950.00
20101209		11012010		30138702	WESLEY COLLEGE										—		700.63		—			700.63
System Credits 12/9																									581,875.63
System Debits 12/9																									—
Bank Credit 12/8																												5,097.50
Bank Debit 12/8 (funds movement adj)																																2,548.75
Trustee Wire 12/8																														2,548.75
20101215		10012010		30107002	COLLEGE OF THE HOLY CROSS										84,975.00		5,437.50		—			90,412.50
System Credits 12/15																									90,412.50
System Debits 12/15																									—
Bank Credit 12/10
Bank Debit 12/10 (funds movement adj)
Trustee Wire 12/10
20101220		0		30138102	VIRGINA ST WESELEYAN COLLEGE										—		—		(275.00	)		(275.00	)
20101220		11012010		30138102	VIRGINA ST WESELEYAN COLLEGE										—		275.00		—			275.00
System Credits 12/20																									275.00
System Debits 12/20																									(275.00	)
Bank Credit 12/16																												180,825.00
Bank Debit 12/16 (funds movement adj)																																90,412.50
Trustee Wire 12/16																														90,412.50
20101229		12012010		30136002	UNIVERSITY OF PUERTO RICO		—		2,535.00		2,535.00		169,000.00		—		2,510.00		—			2,510.00
System Credits 12/29																									2,510.00
System Debits 12/29																									—
Bank Credit 12/21																												550.00
Bank Debit 12/21 (pmt reversal)																																275.00
Bank Debit 12/21 (funds movement adj)																																275.00
Trustee Wire 12/21
System Credits 12/30																									—
System Debits 12/30																									—
Bank Credit 12/30																												5,020.00
Bank Debit 12/30 (funds movement adj)																																2,510.00
Trustee Wire 12/30																														2,510.00
					TOTALS:		66,424.41		70,460.36		136,884.77		4,669,382.91		618,274.48		193,647.17		(275.00	)		811,646.65			811,646.65			527,154.46		256,568.12		270,586.34
Loans Due in Current Period and Paid in Prior Period:
		12012010		30105701	CHAMPLAIN COL		6,082.77		668.16		6,750.93		44,544.31
		12012010		30127402	ST MARY’S COL		10,000.00		3,420.00		13,420.00		228,000.00
					TOTALS:		16,082.77		4,088.16		20,170.93		272,544.31
Loans Due in Current Period Not Yet Paid:
		12012010		30101601	AUBURN UNIVER		110,000.00		17,025.00		127,025.00		1,135,000.00
		12012010		30117002	LONG ISLAND U		—		3,171.88		3,171.88		175,000.00
		12012010		30119903	MISSISSIPPI S		70,000.00		13,500.00		83,500.00		900,000.00
		12012010		30134305	UNIVERSITY OF		20,000.00		5,235.00		25,235.00		349,000.00
					TOTALS:		200,000.00		38,931.88		238,931.88		2,559,000.00
					GRAND TOTAL:		282,507.18		113,480.40		395,987.58		7,500,927.22

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report Reconciliation
December-10

Total System Credits @ 12/31			811,646.65
Total Bank Credits @ 12/31			527,154.46
	11/30/2010	in transit	(30,672.18	)
	12/9/2010	Direct to Lender payment	581,875.63
	12/1/2010	funds movement adjustment	(30,672.18	)
	12/2/2010	funds movement adjustment	(126,506.71	)
	12/3/2010	funds movement adjustment	(0.07	)
	12/3/2010	payment reversal	(0.07	)
	12/6/2010	funds movement adjustment	(2,075.00	)
	12/7/2010	funds movement adjustment	(5,717.99	)
	12/7/2010	payment reversal	(5,717.99	)
	12/8/2010	funds movement adjustment	(2,548.75	)
	12/16/2010	funds movement adjustment	(90,412.50	)
	12/21/2010	funds movement adjustment	(275.00	)
	12/21/2010	payment reversal	(275.00	)
	12/30/2010	funds movement adjustment	(2,510.00	)
			811,646.65
Adjusted Bank Credits:			—

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report Reconciliation
December-10

Total Bank Credits @ 12/31			527,154.46
Total Debits to Trustee @ 12/31			256,568.12
	12/2/2010	Service Fee	3,875.08
	12/1/2010	funds movement adjustment	30,672.18
	12/2/2010	funds movement adjustment	126,506.71
	12/3/2010	funds movement adjustment	0.07
	12/3/2010	payment reversal	0.07
	12/6/2010	funds movement adjustment	2,075.00
	12/7/2010	funds movement adjustment	5,717.99
	12/7/2010	payment reversal	5,717.99
	12/8/2010	funds movement adjustment	2,548.75
	12/16/2010	funds movement adjustment	90,412.50
	12/21/2010	funds movement adjustment	275.00
	12/21/2010	payment reversal	275.00
	12/30/2010	funds movement adjustment	2,510.00
Adjusted Debits to Trustee			527,154.46
			—

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report for February 2011	DTL

Date Received	Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid		Suspense			Total Paid			Net System Credits			Total Bank Credits		Wires		ACH Debits and Other Wires
20110208		2012011		30108101	CUMBERLAND COLLEGE		—		2,220.00		2,220.00		148,000.00		—		2,195.00		—			2,195.00
System Credits 2/8																									2,195.00
System Debits 2/8																									—
Bank Credit 2/8
Bank Debit 2/8 (funds movement adj)
Trustee Wire 2/8
20110222		0		30138102	VIRGINA ST WESELEYAN COLLEGE										—		—		20,000.00			20,000.00
System Credits 2/22																									20,000.00
System Debits 2/22
Bank Credit 2/9																												4,390.00
Bank Debit 2/10 (service fees)																																1,486.41		1,746.77	total ACH debit for 2/10
Bank Debit 2/9 (funds movement adj)																																2,195.00		(1,486.41)	service fees
Trustee Wire 2/9																														708.59			260.36		account analysis fee reversed by WF bank
20110223		5012010		30138102	VIRGINA ST WESELEYAN COLLEGE										20,000.00		—		—			20,000.00
20110223		0		30138102	VIRGINA ST WESELEYAN COLLEGE										—		—		(20,000.00	)		(20,000.00	)
20110223		0		30138102	VIRGINA ST WESELEYAN COLLEGE										—		—		—			—
System Credits 2/23																									20,000.00
System Debits 2/23																									(20,000.00	)
Bank Credit 2/23																												20,000.00
Bank Debit 2/23 (trust expense)																																3,800.00
Bank Debit 2/23 (funds movement adj)
Trustee Wire 2/24																														16,200.00
System Credits 2/24																									—
System Debits 2/24
Bank Credit 2/24																												40,000.00
Bank Debit 2/24 (pmt reversal)																																20,000.00
Bank Debit 2/24 (funds movement adj)																																20,000.00
Trustee Wire 2/25
					TOTALS:		—		2,220.00		2,220.00		148,000.00		20,000.00		2,195.00		—			22,195.00			22,195.00			64,390.00		16,908.59		47,481.41
Loans Due in Current Period and Paid in Prior Period:
		02012011		30112902	HAMPSHIRE COL		53,226.74		5,846.68		59,073.42		389,778.80
					TOTALS:		53,226.74		5,846.68		59,073.42		389,778.80
Loans Due in Current Period Not Yet Paid:
					TOTALS:		—		—		—		—
					GRAND TOTAL:		53,226.74		8,066.68		61,293.42		537,778.80

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report Reconciliation
February-11

Total System Credits @ 2/28			22,195.00
Total Bank Credits @ 2/28			64,390.00
		in transit
		Direct to Lender payment
	2/9/2011	funds movement adjustment	(2,195.00	)
	2/24/2011	funds movement adjustment	(20,000.00	)
		funds movement adjustment
		funds movement adjustment
		funds movement adjustment
	2/24/2011	payment reversal	(20,000.00	)
		payment reversal
		payment reversal
			22,195.00
Adjusted Bank Credits:			—

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report Reconciliation
February-11

Total Bank Credits @ 2/28			64,390.00
Total Debits to Trustee @ 2/28			16,908.59
	2/10/2011	Service Fee	1,486.41
	2/23/2011	trust expense	3,800.00
	2/9/2011	funds movement adjustment	2,195.00
	2/24/2011	funds movement adjustment	20,000.00
	2/24/2011	payment reversal	20,000.00
Adjusted Debits to Trustee			64,390.00
			—

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report for March 2011	DTL

Date Received	Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid		Suspense			Total Paid			Net System Credits			Total Bank Credits		Wires		ACH Debits and Other Wires
20110301		12012010		30119903	MISSISSIPPI STATE UNIVERSITY									70,000.00		13,500.00		—				83,500.00
System Credits 3/1																									83,500.00
System Debits 3/1																��									—
Bank Credit 3/1
Bank Debit 3/1 (funds movement adj)
Trustee Wire 3/1
20110302		0		30117204	LA. STATE UNIV. 1965 BOND SER B										—		—		3,800.00			3,800.00
System Credits 3/2																									3,800.00
System Debits 3/2																									—
Bank Credit 3/2
Bank Debit 3/2 (funds movement adj)
Trustee Wire 3/2
20110309		7012005		30117204	LA. STATE UNIV. 1965 BOND SER B										3,800.00		—		—			3,800.00
20110309		0		30117204	LA. STATE UNIV. 1965 BOND SER B										—		—		(3,800.00	)		(3,800.00	)
20110309		0		30117204	LA. STATE UNIV. 1965 BOND SER B										—		—		—			—
System Credits 3/9																									3,800.00
System Debits 3/9																									(3,800.00	)
Bank Credit 3/3																												3,800.00
Bank Debit 3/3 (Inspection Fees)																																840.00
Bank Debit 3/3
Trustee Wire 3/3																														2,960.00
20110315		3152011		30113702	HIWASSEE COLLEGE		5,444.58		1,463.42		6,908.00		97,561.23		5,444.58		1,463.42		—			6,908.00
20110315		0		30121201	NEWARK BETH ISREAL MEDICAL CENTER										—		—		53,756.25			53,756.25
System Credits 3/15																									60,664.25
System Debits 3/15																									—
Bank Credit 3/10																												7,600.00
Bank Debit 3/10 (pmt reversal)																																3,800.00
Bank Debit 3/10 (funds movement adj)																																3,800.00
Trustee Wire 3/10
20110317		0		30121201	NEWARK BETH ISREAL MEDICAL CENTER										—		—		(53,756.25	)		(53,756.25	)
20110317		1012011		30121201	NEWARK BETH ISREAL MEDICAL CENTER										49,950.06		3,806.19		—			53,756.25
System Credits 3/17																									53,756.25
System Debits 3/17																									(53,756.25	)
Bank Credit 3/16																												67,572.25
Bank Debit 3/16 (inspection & service fees)																																1,832.55
Bank Debit 3/16 (funds movement adj)																																6,908.00
Trustee Wire 3/16																														58,831.70
20110323		0		30117205	LA. STATE UNIV. 1966 BOND SER C										—		—		1,500.00			1,500.00
System Credits 3/23																									1,500.00
System Debits 3/23																									—
Bank Credit 3/18																												107,512.50
Bank Debit 3/18 (pmt reversal)																																53,756.25
Bank Debit 3/18 (funds movement adj)																																53,756.25
Trustee Wire 3/18
20110324		7012006		30117205	LA. STATE UNIV. 1966 BOND SER C										1,500.00		—		—			1,500.00
20110324		0		30117205	LA. STATE UNIV. 1966 BOND SER C										—		—		(1,500.00	)		(1,500.00	)
20110324		0		30117205	LA. STATE UNIV. 1966 BOND SER C										—		—		—			—
System Credits 3/24																									1,500.00
System Debits 3/24																									(1,500.00	)
Bank Credit 3/24																												1,500.00
Bank Debit 3/24
Trustee Wire 3/24																														1,500.00
20110328		0		30134002	ARKANSAS STATE TEACHERS COLLEGE										—		—		75,000.00			75,000.00
System Credits 3/28																									75,000.00
System Debits 3/28																									—
Bank Credit 3/25																												3,000.00
Bank Debit 3/25 (pmt reversal)																																1,500.00
Bank Debit 3/25 (funds movement adj)																																1,500.00
Trustee Wire 3/25
20110329		11012010		30102604	BENEDICT COLLEGE										50.00		—		—			50.00
20110329		11012010		30103302	BRANDEIS UNIVERSITY										—		24.99		—			24.99
20110329		12012010		30104702	CARROLL COLLEGE 50560040										—		25.00		—			25.00
20110329		12012010		30104703	CARROLL COLLEGE 50560040										25.00		—		—			25.00
20110329		10012010		30107002	COLLEGE OF THE HOLY CROSS										25.00		—		—			25.00
20110329		2012011		30108101	CUMBERLAND COLLEGE										—		25.00		—			25.00
20110329		10012010		30110101	ELIZABETH CITY STATE UNIVERSITY										50.00		—		—			50.00
20110329		11012010		30110802	FAIRLEIGH DICKINSON UNIV										50.00		—		—			50.00
20110329		11012010		30112301	GEORGETOWN UNIVERSITY										50.00		—		—			50.00
20110329		11012010		30112302	GEORGETOWN UNIVERSITY										50.00		—		—			50.00
20110329		4012011		30116201	LASSEN JUNIOR COLLEGE										25,000.00		3,810.00		—			28,810.00
20110329		11012010		30117402	LYCOMING COLLEGE										—		24.97		—			24.97
20110329		11012010		30117403	LYCOMING COLLEGE										—		25.00		—			25.00
20110329		11012010		30117501	LYNCHBURG COLLEGE										—		25.00		—			25.00
20110329		11012010		30117502	LYNCHBURG COLLEGE										—		25.00		—			25.00
20110329		11012010		30118302	MARY BALDWIN COLLEGE										—		25.00		—			25.00
20110329		10012010		30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER										—		50.00		—			50.00
20110329		11012010		30120601	MORGAN STATE UNIVERSTIY										—		50.00		—			50.00
20110329		10012010		30121101	NEW ENGLAND COLLEGE										—		25.00		—			25.00
20110329		1012011		30121201	NEWARK BETH ISREAL MEDICAL CENTER										49.94		—		—			49.94
20110329		11012010		30128001	SAINT VINCENT COLLEGE										—		25.00		—			25.00
20110329		11012010		30130703	SPRINGFIELD COLLEGE										—		25.00		—			25.00
20110329		4012004		30134002	ARKANSAS STATE TEACHERS COLLEGE										75,000.00		—		—			75,000.00
20110329		0		30134002	ARKANSAS STATE TEACHERS COLLEGE										—		—		(75,000.00	)		(75,000.00	)
20110329		0		30134002	ARKANSAS STATE TEACHERS COLLEGE										—		—		—			—
20110329		12012010		30136002	UNIVERSITY OF PUERTO RICO										—		25.00		—			25.00
20110329		11012010		30138702	WESLEY COLLEGE										—		25.00		—			25.00
20110329		11012010		30140502	WITTENBERG UNIVERSITY										—		25.00		—			25.00
20110329		11012010		30140503	WITTENBERG UNIVERSITY										50.00		—		—			50.00
System Credits 3/29																									104,659.90
System Debits 3/29																									(75,000.00	)
Bank Credit 3/29																												75,000.00
Bank Debit 3/29 (funds movement adj)
Trustee Wire 3/29																														75,000.00
20110330		4012011		30130301	SOUTHWEST TEXAS STATE UNIVERSITY										—		12,675.00		—			12,675.00
System Credits 03/30																									12,675.00
System Debits 03/30																									—
Bank Credit 3/30																												209,319.80
Bank Debit 3/30 (pmt reversal)																																75,000.00
Bank Debit 3/30 (funds movement adj)																																104,659.90
Trustee Wire 3/30																														29,659.90
System Credits 3/31																									—
System Debits 3/31																									—
Bank Credit 3/31																												25,350.00
Bank Debit 3/31 (funds movement adj)																																12,675.00
Trustee Wire 3/31																														12,675.00
					TOTALS:		5,444.58		1,463.42		6,908.00		97,561.23		231,094.58		35,704.57		—			266,799.15			266,799.15			500,654.55		180,626.60		320,027.95
Loans Due in Current Period and Paid in Prior Period:
					TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
		03012011		30104801	CARROLL COLLE		30,000.00		3,037.50		33,037.50		162,000.00
					TOTALS:		30,000.00		3,037.50		33,037.50		162,000.00
					GRAND TOTAL:		35,444.58		4,500.92		39,945.50		259,561.23

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report Reconciliation
March-11

Total System Credits @ 3/31			266,799.15
Total Bank Credits @ 3/31			500,654.55
		in transit
	3/1/2011	Direct to Lender payment	83,500.00
	3/16/2011	funds movement adjustment	(3,800.00	)
	3/16/2011	payment reversal	(3,800.00	)
	3/16/2011	funds movement adjustment	(6,908.00	)
	3/18/2011	funds movement adjustment	(53,756.25	)
	3/18/2011	payment reversal	(53,756.25	)
	3/25/2011	payment reversal	(1,500.00	)
	3/25/2011	payment reversal	(1,500.00	)
	3/30/2011	funds movement adjustment	(75,000.00	)
	3/30/2011	payment reversal	(104,659.90	)
	3/31/2011	funds movement adjustment	(12,675.00	)
			266,799.15
Adjusted Bank Credits:			—

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report Reconciliation
March-11

Total Bank Credits @ 3/31			500,654.55
Total Debits to Trustee @ 3/31			180,626.60
	3/16/2011	Service Fee	332.55
	3/3/2011	inspection fees	840.00
	3/16/2011	inspection fees	1,500.00
	3/16/2011	funds movement adjustment	3,800.00
	3/16/2011	payment reversal	3,800.00
	3/16/2011	funds movement adjustment	6,908.00
	3/18/2011	funds movement adjustment	53,756.25
	3/18/2011	payment reversal	53,756.25
	3/25/2011	payment reversal	1,500.00
	3/25/2011	payment reversal	1,500.00
	3/30/2011	funds movement adjustment	75,000.00
	3/30/2011	payment reversal	104,659.90
	3/31/2011	funds movement adjustment	12,675.00
Adjusted Debits to Trustee			500,654.55
			—

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report for April 2011

																												ACH Debits and
Date Received	Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid		Suspense		Total Paid		Net System Credits		Total Bank Credits		Wires		Other Wires
20110401		4012011		30106904	COLLEGE OF SANTA FE		—		4,185.00		4,185.00		279,000.00		—		4,185.00		—		4,185.00
20110401		4012011		30113601	HINDS JUNIOR COLLEGE		170,000.00		5,685.00		175,685.00		379,000.00		170,000.00		5,685.00		—		175,685.00
20110401		4012011		30137802	VILLANOVA UNIVERSITY		60,000.00		9,150.00		69,150.00		610,000.00		60,000.00		9,150.00		—		69,150.00
System Credits 4/1																							249,020.00
System Debits 4/1																							—
Bank Credit 4/1
Bank Debit 4/1 (funds movement adj)
Trustee Wire 4/1
20110404		4012011		30109604	DRURY COLLEGE		9,000.00		1,350.00		10,350.00		90,000.00		9,000.00		1,350.00		—		10,350.00
System Credits 4/4																							10,350.00
System Debits 4/4																							—
Bank Credit 4/4																									498,040.00
Bank Debit 4/4 (funds movement adj)																													249,020.00
Trustee Wire 4/4																											249,020.00
20110405		4012011		30112002	GEORGE FOX COLLEGE		10,879.97		2,733.83		13,613.80		364,510.13		10,879.97		2,733.83		—		13,613.80
20110405		4012011		30130903	STEPHEN F AUSTIN STATE UNIVERSITY		—		5,771.25		5,771.25		342,000.00		—		5,771.25		—		5,771.25
System Credits 4/5																							19,385.05
System Debits 4/5																							—
Bank Credit 4/5																									20,700.00
Bank Debit 4/5 (Inspection Fees)
Bank Debit 4/5 (funds movement adj)																													10,350.00
Trustee Wire 4/5																											10,350.00
20110411		4012011		30107002	COLLEGE OF THE HOLY CROSS		—		3,896.88		3,896.88		215,000.00		—		3,866.88		—		3,866.88
System Credits 4/11																							3,866.88
System Debits 4/11																							—
Bank Credit 4/6																									38,770.10
Bank Debit 4/6
Bank Debit 4/6 (funds movement adj)																													19,385.05
Trustee Wire 4/6																											19,385.05
20110415		5012011		30104605	CARNEGIE MELLON										30,000.00		6,750.00		—		36,750.00
System Credits 4/15																							36,750.00
System Debits 4/15																							—
Bank Credit 4/12																									7,733.76
Bank Debit 4/13 (service fees)																													641.84
Bank Debit 4/12 (funds movement adj)																													3,866.88
Trustee Wire 4/12																											3,225.04
20110418		4012011		30136801	UNIVERSITY OF ST THOMAS		—		5,100.00		5,100.00		340,000.00		—		5,100.00		—		5,100.00
System Credits 4/18																							5,100.00
System Debits 4/18																							—
Bank Credit 4/18																									73,500.00
Bank Debit 4/18
Bank Debit 4/18 (funds movement adj)																													36,750.00
Trustee Wire 4/18																											36,750.00
20110426		4012011		30110101	ELIZABETH CITY STATE UNIVERSITY		—		2,550.00		2,550.00		170,000.00		—		2,520.00		—		2,520.00
System Credits 4/26																							2,520.00
System Debits 4/26																							—
Bank Credit 3/24
Bank Debit 3/24
Trustee Wire 3/24
20110428		5012011		30114001	HOOD COLLEGE										—		1,522.50		—		1,522.50
System Credits 4/28																							1,522.50
System Debits 4/28																							—
Bank Credit 4/27																									5,040.00
Bank Debit 4/27
Bank Debit 4/27 (funds movement adj)																													2,520.00
Trustee Wire 4/27																											2,520.00
System Credits 4/29																							—
System Debits 4/29																							—
Bank Credit 4/29																									3,045.00
Bank Debit 4/29 (funds movement adj)																													1,522.50
Trustee Wire 4/29																											1,522.50
					TOTALS:		249,879.97		40,421.96		290,301.93		2,789,510.13		279,879.97		48,634.46		—		328,514.43		328,514.43		646,828.86		322,772.59		324,056.27
Loans Due in Current Period and Paid in Prior Period:
		04012011		30116201	LASSEN JUNIOR		25,000.00		3,810.00		28,810.00		254,000.00
		04012011		30130301	SOUTHWEST TEX		—		12,675.00		12,675.00		845,000.00
					TOTALS:		25,000.00		16,485.00		41,485.00		1,099,000.00
Loans Due in Current Period Not Yet Paid:
		04012011		30101701	AZUSA PACIFIC		15,000.00		1,500.00		16,500.00		80,000.00
		04012011		30108202	DAEMEN COLLEG		40,000.00		3,825.00		43,825.00		255,000.00
		04012011		30109801	DYOUVILLE COL		60,000.00		7,868.03		67,868.03		524,535.00
		04012011		30117801	MARIAN COLLEG		—		3,300.00		3,300.00		220,000.00
		04012011		30119001	MEMORIAL SLOA		95,000.00		2,598.75		97,598.75		154,000.00
		04012011		30121101	NEW ENGLAND C		10,000.00		975.00		10,975.00		65,000.00
		04012011		30122802	OCCIDENTAL CO		—		2,160.00		2,160.00		144,000.00
		04012011		30123401	PAINE COLLEGE		—		5,670.00		5,670.00		377,999.99
		04012011		30132003	TAYLOR UNIVER		—		2,940.00		2,940.00		196,000.00
		04012011		30132402	TEXAS SOUTHER		40,000.00		2,275.00		42,275.00		130,000.00
		04012011		30132904	TUFTS UNIVERS		—		20,040.00		20,040.00		1,336,000.00
		04012011		30133201	UNIV STU COOP		80,000.00		12,300.00		92,300.00		820,000.00
		04012011		30134002	UNIV CENTR AR		—		1,170.00		1,170.00		—
					TOTALS:		340,000.00		66,621.78		406,621.78		4,302,534.99
					GRAND TOTAL:		614,879.97		123,528.74		738,408.71		8,191,045.12

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report Reconciliation
April-11

Total System Credits @ 4/30			328,514.43
Total Bank Credits @ 4/30			646,828.86
		in transit
	4/18/2011	Direct to Lender payment	5,100.00
	4/4/2011	funds movement adjustment	(249,020.00	)
	4/5/2011	funds movement adjustment	(10,350.00	)
	4/6/2011	funds movement adjustment	(19,385.05	)
	4/12/2011	funds movement adjustment	(3,866.88	)
	4/18/2011	funds movement adjustment	(36,750.00	)
	4/27/2011	funds movement adjustment	(2,520.00	)
	4/29/2011	funds movement adjustment	(1,522.50	)
			328,514.43
Adjusted Bank Credits:			—

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report Reconciliation
April-11

Total Bank Credits @ 4/30			646,828.86
Total Debits to Trustee @ 4/30			322,772.59
	4/13/2011	Service Fee	641.84
		inspection fees
	4/4/2011	funds movement adjustment	249,020.00
	4/5/2011	funds movement adjustment	10,350.00
	4/6/2011	funds movement adjustment	19,385.05
	4/12/2011	funds movement adjustment	3,866.88
	4/18/2011	funds movement adjustment	36,750.00
	4/27/2011	funds movement adjustment	2,520.00
	4/29/2011	funds movement adjustment	1,522.50
Adjusted Debits to Trustee			646,828.86
			—

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report for May 2011	DTL

Date Received	Date Due	Loan Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid			Suspense			Total Paid			Net System Credits			Total Bank Credits		Wires		ACH Debits and Other Wires
20110502	5012011	30100103	ALABAMA AGRICULTURAL		105,000.00		13,425.00		118,425.00		895,000.00		105,000.00		13,425.00			—			118,425.00
20110502	5012011	30104102	CALIFORNIA STATE UNIVERSITY,		—		4,500.00		4,500.00		300,000.00		—		4,500.00			—			4,500.00
20110502	5012011	30104201	TRUST SERVICES DIVISION		—		20,220.00		20,220.00		1,348,000.00		—		20,220.00			—			20,220.00
20110502	0	30123401	PAINE COLLEGE										—		—			5,640.00			5,640.00
System Credits 5/2																								148,785.00
System Debits 5/2																								—
Bank Credit 5/2
Bank Debit 5/2 (funds movement adj)
Trustee Wire 5/2
20110504	5012011	30102604	BENEDICT COLLEGE		—		14,880.00		14,880.00		992,000.00		—		14,880.00			—			14,880.00
20110504	5012011	30102802	BETHANY COLLEGE — DORM BOND 1965		—		691.88		691.88		41,000.00		—		691.88			—			691.88
20110504	5012011	30102803	BETHANY COLLEGE — HALL BOND 1967		—		1,875.00		1,875.00		125,000.00		—		1,875.00			—			1,875.00
20110504	5012011	30102804	BETHANY COLLEGE — NOTE OF 1973		22,500.00		1,425.00		23,925.00		95,000.00		22,500.00		1,425.00			—			23,925.00
20110504	5012011	30110802	FAIRLEIGH DICKINSON UNIV		—		11,250.00		11,250.00		750,000.00		—		11,250.00			—			11,250.00
20110504	5012011	30120601	MORGAN STATE UNIVERSTIY		82,330.03		10,414.13		92,744.16		694,275.66		82,330.03		10,414.13			—			92,744.16
20110504	0	30125504	RIDER COLLEGE										—		—			11,201.88			11,201.88
20110504	5012011	30140502	WITTENBERG UNIVERSITY		55,000.00		4,275.00		59,275.00		285,000.00		55,000.00		4,275.00			—			59,275.00
20110504	5012011	30140503	WITTENBERG UNIVERSITY		—		1,590.00		1,590.00		106,000.00		—		1,590.00			—			1,590.00
System Credits 5/4																								217,432.92
System Debits 5/4																								—
Bank Credit 5/3																											291,930.00
Bank Debit 5/3 (funds movement adj)																															143,145.00
Trustee Wire 5/3																													148,785.00
20110505	5012011	30120402	MORAVIAN COLLEGE		—		675.00		675.00		40,000.00		—		675.00			—			675.00
20110505	5012011	30128802	SETON HILL COLLEGE		—		1,921.25		1,921.25		106,000.00		—		1,921.25			—			1,921.25
System Credits 5/5																								2,596.25
System Debits 5/5																								—
Bank Credit 5/5																											423,663.96
Bank Debit 5/5 (Service Fees)																															1,458.21
Bank Debit 5/5 (funds movement adj)																															206,231.04
Trustee Wire 5/5																													215,974.71
20110506	0	30125504	RIDER COLLEGE										—		—			25,000.00			25,000.00
System Credits 5/6																								25,000.00
System Debits 5/6																								—
Bank Credit 5/6																											5,192.50
Bank Debit 5/6
Bank Debit 5/6 (funds movement adj)																															2,596.25
Trustee Wire 5/6																													2,596.25
20110512	0	30104801	CARROLL COLLEGE — DORM BOND 1965										162,000.00		3,037.50			—			165,037.50
20110512	11012008	30118401	MARYMOUNT UNIVERSITY										—		5,025.00			—			5,025.00
20110512	5012009	30118401	MARYMOUNT UNIVERSITY										40,000.00		—			—			40,000.00
20110512	5012009	30118401	MARYMOUNT UNIVERSITY										—		5,025.00			—			5,025.00
20110512	11012009	30118401	MARYMOUNT UNIVERSITY										—		4,425.00			—			4,425.00
20110512	5012010	30118401	MARYMOUNT UNIVERSITY										40,000.00		—			—			40,000.00
20110512	5012010	30118401	MARYMOUNT UNIVERSITY										—		4,425.00			—			4,425.00
20110512	11012010	30118401	MARYMOUNT UNIVERSITY										—		3,825.00			—			3,825.00
20110512	5012011	30118401	MARYMOUNT UNIVERSITY		40,000.00		3,825.00		43,825.00		260,025.00		34,975.00		3,825.00			—			38,800.00
20110512	0	30125504	RIDER COLLEGE										—		—			(25,000.00	)		(25,000.00	)
20110512	0	30125504	RIDER COLLEGE										—		—			(11,201.88	)		(11,201.88	)
20110512	0	30125504	RIDER COLLEGE										—		—			8,246.88			8,246.88
20110512	5012011	30125506	RIDER COLLEGE		25,000.00		2,955.00		27,955.00		197,000.00		25,000.00		2,955.00			—			27,955.00
System Credits 5/12																								342,764.38
System Debits 5/12																								(36,201.88	)
Bank Credit 5/9																											25,000.00
Bank Debit 5/9
Bank Debit 5/9 (funds movement adj)
Trustee Wire 5/9																													25,000.00
20110513	5012011	30128001	SAINT VINCENT COLLEGE		55,000.00		2,887.50		57,887.50		165,000.00		55,000.00		2,887.50			—			57,887.50
System Credits 5/13																								57,887.50
System Debits 5/13																								—
Bank Credit 5/13																											677,281.88
Bank Debit 5/13 (pmt reversal)																															36,201.88
Bank Debit 5/13 (funds movement adj)																															334,517.50
Trustee Wire 5/13																													306,562.50
20110516	4012011	30107002	COLLEGE OF THE HOLY CROSS										—		30.00			—			30.00
20110516	11012010	30109502	DREXEL UNIVERSITY										—		6,475.00			—			6,475.00
20110516	5012011	30109502	DREXEL UNIVERSITY		100,000.00		6,475.00		106,475.00		370,000.00		93,525.00		6,475.00			—			100,000.00
20110516	5012011	30109502	DREXEL UNIVERSITY										6,475.00		—			—			6,475.00
20110516	4012011	30110101	ELIZABETH CITY STATE UNIVERSITY										—		30.00			—			30.00
System Credits 5/16																								113,010.00
System Debits 5/16																								—
Bank Credit 5/16
Bank Debit 5/16
Bank Debit 5/16 (funds movement adj)
Trustee Wire 5/16
20110517	0	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER										—		—			97,568.75			97,568.75
20110517	0	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER										—		—			—			—
20110517	0	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER										—		—			(97,568.75	)		(97,568.75	)
20110517	4012011	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER										95,000.00		2,598.75			—			97,598.75
20110517	0	30122302	NORTHEASTERN UNIVERSITY										—		—			214,374.16			214,374.16
20110517	0	30122302	NORTHEASTERN UNIVERSITY										—		—			—			—
20110517	0	30122302	NORTHEASTERN UNIVERSITY										—		—			(214,374.16	)		(214,374.16	)
20110517	11012010	30122302	NORTHEASTERN UNIVERSITY										84,476.59		—			—			84,476.59
20110517	11012010	30122302	NORTHEASTERN UNIVERSITY										—		22,722.97			—			22,722.97
20110517	5012011	30122302	NORTHEASTERN UNIVERSITY		85,743.75		21,455.82		107,199.57		1,430,387.98		85,743.75		21,455.82			—			107,199.57
20110517	0	30132904	TUFTS UNIVERSITY										—		—			122,555.00			122,555.00
20110517	0	30132904	TUFTS UNIVERSITY										—		—			—			—
20110517	0	30132904	TUFTS UNIVERSITY										—		—			(122,555.00	)		(122,555.00	)
20110517	10012010	30132904	TUFTS UNIVERSITY										101,000.00		—			—			101,000.00
20110517	10012010	30132904	TUFTS UNIVERSITY										—		21,555.00			—			21,555.00
System Credits 5/17																								869,050.79
System Debits 5/17																								(434,497.91	)
Bank Credit 5/17																											226,020.00
Bank Debit 5/17 (funds movement adj)																															113,010.00
Trustee Wire 5/17																													113,010.00
20110518	0	30134002	ARKANSAS STATE TEACHERS COLLEGE										3,000.00		—			—			3,000.00
20110518	0	30134002	ARKANSAS STATE TEACHERS COLLEGE										—		(3,000.00	)		-			(3,000.00	)
System Credits 5/18																								3,000.00
System Debits 5/18																								(3,000.00	)
Bank Credit 5/18																											1,303,603.67
Bank Debit 5/18 (pmt reversal)																															434,497.91
Bank Debit 5/18 (funds movement adj)																															434,552.88
Trustee Wire 5/18																													434,552.88
20110520	10012010	30123401	PAINE COLLEGE										57,000.00		—			—			57,000.00
20110520	10012010	30123401	PAINE COLLEGE										—		6,525.00			—			6,525.00
20110520	5012011	30127801	SAINT PAULS COLLEGE		17,986.88		2,275.21		20,262.09		151,680.69		17,986.88		2,275.21			—			20,262.09
System Credits 5/20																								83,787.09
System Debits 5/20																								—
Bank Credit 5/19
Bank Debit 5/19 (funds movement adj)
Trustee Wire 5/19
20110523	6012011	30127402	ST MARY’S SCHOOL										10,000.00		3,270.00			—			13,270.00
20110523	5012011	30130703	SPRINGFIELD COLLEGE		40,000.00		1,627.50		41,627.50		93,000.00		39,970.00		1,627.50			—			41,597.50
20110523	0	30130703	SPRINGFIELD COLLEGE										—		—			3,008.50			3,008.50
System Credits 5/23																								57,876.00
System Debits 5/23																								—
Bank Credit 5/23																											167,574.18
Bank Debit 5/23 (pmt reversal)
Bank Debit 5/23 (funds movement adj)																															83,787.09
Trustee Wire 5/23																													83,787.09
20110524	0	30123401	PAINE COLLEGE										—		—			(5,640.00	)		(5,640.00	)
20110524	4012011	30123401	PAINE COLLEGE										—		5,670.00			—			5,670.00
20110524	5012011	30130703	SPRINGFIELD COLLEGE										30.00		—			—			30.00
20110524	0	30130703	SPRINGFIELD COLLEGE										—		—			14,025.84			14,025.84
20110524	0	30133201	UNIV STUDENT COOP HOUSING										—		—			92,240.00			92,240.00
20110524	0	30133201	UNIV STUDENT COOP HOUSING										—		—			—			—
20110524	0	30133201	UNIV STUDENT COOP HOUSING										—		—			(92,240.00	)		(92,240.00	)
20110524	4012011	30133201	UNIV STUDENT COOP HOUSING										80,000.00		12,300.00			—			92,300.00
System Credits 5/24																								204,265.84
System Debits 5/24																								(97,880.00	)
Bank Credit 5/24																											112,743.50
Bank Debit 5/24 (funds movement adj)																															54,867.50
Trustee Wire 5/24																													57,876.00
20110531	5012011	30103302	BRANDEIS UNIVERSITY		13,672.58		413.26		14,085.84		27,550.44		13,672.58		413.26			—			14,085.84
20110531	5272011	30117602	MACALESTER COLLEGE		11,213.12		3,538.54		14,751.66		235,902.68		—		—			—			—
20110531	0	30117602	MACALESTER COLLEGE										235,902.68		4,128.30			—			240,030.98
20110531	0	30130703	SPRINGFIELD COLLEGE										—		—			(14,025.84	)		(14,025.84	)
20110531	0	30130703	SPRINGFIELD COLLEGE										—		—			(3,008.50	)		(3,008.50	)
System Credits 5/31																								254,116.82
System Debits 5/31																								(17,034.34	)
Bank Credit 5/25																											302,265.84
Bank Debit 5/25 (pmt reversal)																															97,880.00
Bank Debit 5/25 (funds movement adj)																															98,000.00
Trustee Wire 5/25																													106,385.84
			TOTALS:		653,446.36		132,595.09		786,041.45		8,707,822.45		1,545,587.51		237,124.07			8,246.88			1,790,958.46			1,790,958.46			3,535,275.53		1,494,530.27		2,040,745.26
Loans Due in Current Period and Paid in Prior Period:
	05012011	30104605	CARNEGIE-MELL		30,000.00		6,750.00		36,750.00		450,000.00
	05012011	30114001	HOOD COLLEGE		—		1,522.50		1,522.50		84,000.00
			TOTALS:		30,000.00		8,272.50		38,272.50		534,000.00
Loans Due in Current Period Not Yet Paid:
	05012011	30110401	EMMANUEL COLL		—		630.00		630.00		42,000.00
	05012011	30111802	GANNON UNIVER		—		1,050.00		1,050.00		69,999.98
	05012011	30112301	GEORGETOWN UN		—		23,295.00		23,295.00		1,553,000.00
	05012011	30112302	GEORGETOWN UN		—		82,300.00		82,300.00		4,115,000.00
	05012011	30117402	LYCOMING COLL		18,000.00		1,395.62		19,395.62		77,000.00
	05012011	30117403	LYCOMING COLL		25,000.00		2,343.75		27,343.75		124,999.99
	05012011	30117501	LYNCHBURG COL		35,000.00		3,243.75		38,243.75		173,000.00
	05012011	30117502	LYNCHBURG COL		35,000.00		4,650.00		39,650.00		310,000.00
	05012011	30118302	MARY BALDWIN		40,000.00		1,063.13		41,063.13		63,000.00
	05012011	30119202	MERCER UNIVER		18,281.26		2,008.09		20,289.35		133,873.37
	05012011	30119801	MILLSAPS COLL		—		5,040.00		5,040.00		336,000.00
	05012011	30125504	RIDER COLLEGE		—		8,246.87		8,246.87		455,000.00
	05012011	30127602	ST MICHAELS C		80,636.52		6,223.48		86,860.00		414,898.77
	05012011	30138702	WESLEY COLLEG		20,000.00		725.63		20,725.63		43,000.00
			TOTALS:		271,917.78		142,215.32		414,133.10		7,910,772.11
			GRAND TOTAL:		955,364.14		283,082.91		1,238,447.05		17,152,594.56

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report Reconciliation
May-11

Total System Credits @ 5/31			1,790,958.46
Total Bank Credits @ 5/31			3,535,275.53
	5/13/2011	Direct to Lender payment	57,887.50
	5/3/2011	funds movement adjustment	(143,145.00	)
	5/5/2011	funds movement adjustment	(206,231.04	)
	5/6/2011	funds movement adjustment	(2,596.25	)
	5/13/2011	payment reversal	(36,201.88	)
	5/13/2011	funds movement adjustment	(334,517.50	)
	5/17/2011	funds movement adjustment	(113,010.00	)
	5/18/2011	payment reversal	(434,497.91	)
	5/18/2011	funds movement adjustment	(434,552.88	)
	5/23/2011	funds movement adjustment	(83,787.09	)
	5/24/2011	funds movement adjustment	(54,867.50	)
	5/25/2011	payment reversal	(97,880.00	)
	5/25/2011	funds movement adjustment	(98,000.00	)
	6/1/2011	in transit credit	508,233.64
	6/1/2011	in transit debit	(254,116.82	)
	6/1/2011	in transit debit	(17,034.34	)
			1,790,958.46
Adjusted Bank Credits:			—

Berkadia Commercial Mortgage
College and University Loan Trust II
Remittance Report Reconciliation
May-11

Total Bank Credits @ 5/31			3,535,275.53
Total Debits to Trustee @ 5/31			1,494,530.27
	5/5/2011	Service Fee	1,458.21
		inspection fees
	5/3/2011	funds movement adjustment	143,145.00
	5/5/2011	funds movement adjustment	206,231.04
	5/6/2011	funds movement adjustment	2,596.25
	5/13/2011	payment reversal	36,201.88
	5/13/2011	funds movement adjustment	334,517.50
	5/17/2011	funds movement adjustment	113,010.00
	5/18/2011	payment reversal	434,497.91
	5/18/2011	funds movement adjustment	434,552.88
	5/23/2011	funds movement adjustment	83,787.09
	5/24/2011	funds movement adjustment	54,867.50
	5/25/2011	payment reversal	97,880.00
	5/25/2011	funds movement adjustment	98,000.00
Adjusted Debits to Trustee			3,535,275.53
			—

Berkadia Commercial Mortgage
College and University Loan Trust II
Collection Account Activity Report
For the Period of January 01, 2011 through January 31, 2011

Collections:
Principal Payments	341,741.76
Interest Payments	62,937.17
Total Principal and Interest Collections	404,678.93
Payments and Reversals Posted to Suspense
Total Collections	404,678.93
Less: Servicing Fees (not withheld from remittances)	(1,486.41	)
Net Collections	403,192.52

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust II
Service Fees Schedule
For the Period of January 01, 2011 through January 31, 2011

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
01012011		30112002	GEORGE FOX CO		10798.98		2814.82		13613.8		375309.11		140.74
01012011		30112901	HAMPSHIRE COL		15470.48		1445.6		16916.08		96373.61		36.14
01012011		30114802	INTER AMERICA		77597.46		15199.74		92797.2		1013316.03		379.99
01012011		30117204	LOUISIANA STA		0		570		570		3800		1.43
01012011		30117205	LOUISIANA STA		0		225		225		1500		0.56
01012011		30121201	NEWARK BETH I		50000		3806.25		53806.25		260000		97.50
01012011		30123701	PHILADELPHIA		52477.57		21430.63		73908.2		1428708.83		535.77
01012011		30129101	SIMPSON COLLE		0		1950		1950		130000		48.75
01012011		30134402	UNIVERSITY OF		0		10350		10350		690000		258.75
01012011		30137702	VERMONT STATE		0		1185		1185		79000		29.63
			TOTALS:		206,344.49		58,977.04		265,321.53		4,078,007.58		1,529.26

Page 2 of 12

Berkadia Commercial Mortgage
College and University Loan Trust II
Loans Paid in Full
For the Period of January 01, 2011 through January 31, 2011

Loan Number	Payoff Date		Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
30132601		1/5/2011		47,000.00		47,000.00		—				11012010
TOTALS:				47,000.00		47,000.00		—		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Summary of Partial Prepayments
For the Period of January 01, 2011 through January 31, 2011

		Total
Loan		Amount		Principal		Interest
Number	Date	Paid		Amount		Amount
none to report
TOTAL:			—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of January 31, 2011

Loan			Interest				Maturity
Number	Borrower Name		Rate		Current UPB		Date
30100103		ALABAMA AGRICULTURAL		3		895,000.00		5012018
30101601		AUBURN UNIVERSITY		3		1,135,000.00		12012018
30101701		AZUSA PACIFIC UNIVERSITY		3.75		80,000.00		4012015
30102604		BENEDICT COLLEGE		3		992,050.00		11012020
30102802		BETHANY COLLEGE — DORM BOND 1965		3.375		41,000.00		11012012
30102803		BETHANY COLLEGE — HALL BOND 1967		3		125,000.00		11012017
30102804		BETHANY COLLEGE — NOTE OF 1973		3		95,000.00		11012012
30103302		BRANDEIS UNIVERSITY		3		27,550.44		11012011
30104102		CALIFORNIA STATE UNIVERSITY,		3		300,000.00		11012013
30104201		TRUST SERVICES DIVISION		3		1,348,000.00		11012019
30104605		CARNEGIE MELLON		3		450,000.00		11012017
30104702		CARROLL COLLEGE 50560040		3.75		112,000.00		6012014
30104703		CARROLL COLLEGE 50560040		3		76,654.65		6012018
30104801		CARROLL COLLEGE — DORM BOND 1965		3.75		162,000.00		3012015
30105701		CHAMPLAIN COLLEGE, INC.		3		38,461.54		12012013
30106904		COLLEGE OF SANTA FE		3		279,000.00		10012018
30107002		COLLEGE OF THE HOLY CROSS		3.625		215,025.00		10012013
30108101		CUMBERLAND COLLEGE		3		148,000.00		8012017
30108202		DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		255,000.00		4012016
30109502		DREXEL UNIVERSITY		3.5		370,000.00		5012014
30109604		DRURY COLLEGE		3		90,000.00		4012015
30109801		DYOURVILLE COLLEGE		3		524,535.00		4012018
30110101		ELIZABETH CITY STATE UNIVERSITY		3		170,050.00		10012017
30110401		EMMANUEL COLLEGE		3		55,000.00		11012013
30110802		FAIRLEIGH DICKINSON UNIV		3		750,050.00		11012017
30111802		GANNON UNIV. — DORM BOND 1969, SER A		3		134,999.98		11012011
30112002		GEORGE FOX COLLEGE		3		364,510.13		7012018
30112301		GEORGETOWN UNIVERSITY		3		1,553,050.00		11012020
30112302		GEORGETOWN UNIVERSITY		4		4,115,050.00		11012020
30112901		HAMPSHIRE COLLEGE		3		80,903.13		7012013
30112902		HAMPSHIRE COLLEGE		3		336,552.06		2012014
30113601		HINDS JUNIOR COLLEGE		3		379,000.00		4012013
30113702		HIWASSEE COLLEGE		3		97,561.23		9152018
30114001		HOOD COLLEGE		3.625		84,000.00		11012014
30114802		INTER-AMERICAN UNIV. OF PUERTO RICO		3		935,718.57		1012017
30116201		LASSEN JUNIOR COLLEGE		3		254,000.00		4012020
30117002		LONG ISLAND UNIVERSITY		3.625		200,876.35		6012014
30117204		LA. STATE UNIV. 1965 BOND SER B		3		3,800.00		7012005
30117205		LA. STATE UNIV. 1966 BOND SER C		3		1,500.00		7012006
30117402		LYCOMING COLLEGE		3.625		77,000.00		5012014
30117403		LYCOMING COLLEGE		3.75		124,999.99		5012015
30117501		LYNCHBURG COLLEGE		3.75		173,000.00		5012015
30117502		LYNCHBURG COLLEGE		3		310,000.00		5012018
30117602		MACALESTER COLLEGE		3		235,902.68		5012020
30117801		MARIAN COLLEGE OF FOND DU LAC		3		255,000.00		10012016
30118302		MARY BALDWIN COLLEGE		3.375		63,000.00		5012012
30118401		MARYMOUNT UNIVERSITY		3		335,000.00		5012016
30119001		SLOAN-MEMORIAL KETTERING CANCER CENTER		3.375		154,000.00		4012012
30119202		MERCER UNIV. ACCOUNTING OFFICE		3		151,884.45		5012014
30119801		MILLSAPS COLLEGE		3		360,000.00		11012021

Page 7 of 12 

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of January 31, 2011

Loan			Interest				Maturity
Number	Borrower Name		Rate		Current UPB		Date
30119903		MISSISSIPPI STATE UNIVERSITY		3		900,000.00		12012020
30120402		MORAVIAN COLLEGE		3.375		40,000.00		11012012
30120601		MORGAN STATE UNIVERSTIY		3		694,275.66		11012014
30121101		NEW ENGLAND COLLEGE		3		65,000.00		4012016
30121201		NEWARK BETH ISREAL MEDICAL CENTER		3.625		210,000.00		1012014
30121501		NORFOLK STATE UNIVERSITY		3		1,623,303.79		12012021
30122302		NORTHEASTERN UNIVERSITY		3		1,514,864.57		5012018
30122802		OCCIDENTAL COLLEGE		3		158,000.00		10012019
30123401		PAINE COLLEGE		3		434,999.99		10012016
30123701		UNIVERSITY OF THE ARTS		3		1,376,231.26		1012022
30125504		RIDER COLLEGE		3.625		595,000.00		11012013
30125506		RIDER COLLEGE		3		197,000.00		5012017
30127402		ST MARY’S SCHOOL		3		218,000.00		6012020
30127602		SAINT MICHAELS COLLEGE		3		494,343.62		5012013
30127801		SAINT PAULS COLLEGE		3		151,680.69		11012014
30128001		SAINT VINCENT COLLEGE		3.5		165,000.00		5012013
30128802		SETON HILL COLLEGE		3.625		106,000.00		11012014
30129101		SIMPSON COLLEGE — BOND 1966		3		130,000.00		7012016
30130301		SOUTHWEST TEXAS STATE UNIVERSITY		3		845,000.00		10012015
30130703		SPRINGFIELD COLLEGE		3.5		93,000.00		5012013
30130903		STEPHEN F AUSTIN STATE UNIVERSITY		3.375		342,000.00		10012012
30132003		TAYLOR UNIVERSITY		3		261,000.00		10012013
30132402		TEXAS SOUTHERN UNIVERSITY		3.5		130,000.00		4012013
30132904		TUFTS UNIVERSITY		3		1,437,000.00		10012021
30133201		UNIV STUDENT COOP HOUSING		3		820,000.00		4012019
30134002		ARKANSAS STATE TEACHERS COLLEGE		3		78,000.00		4012005
30134402		UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		690,000.00		7012014
30136002		UNIVERSITY OF PUERTO RICO		3		169,000.00		6012011
30136801		UNIVERSITY OF ST THOMAS		3		340,000.00		10012019
30137702		VERMONT STATE COLLEGE		3		79,000.00		7012014
30137802		VILLANOVA UNIVERSITY		3		610,000.00		4012019
30137901		VINCENNES UNIVERSITY		3		2,370,000.00		6012023
30138001		VIRGINIA COMMONWEALTH		3		251,999.99		6012011
30138102		VIRGINA ST WESELEYAN COLLEGE		3		20,000.00		11012010
30138702		WESLEY COLLEGE		3.375		43,000.00		5012013
30140502		WITTENBERG UNIVERSITY		3		285,000.00		5012015
30140503		WITTENBERG UNIVERSITY		3		106,050.00		11012017
		TOTALS:				37,559,434.77

Page 8 of 12  

Berkadia Commercial Mortgage
College and University Loan Trust II
Delinquency Report (60+ Days)

As of January 31, 2011

		Next
Loan		Payment
Number	Borrower Name	Due	P and I Due
30134002	ARKANSAS STATE TEACHERS COLLEGE	10/01/04		92,505.00
30117204	LA. STATE UNIV.1965 BOND SER B	01/01/06		9,500.00
30117205	LA. STATE UNIV.1966 BOND SER C	01/01/07		3,300.00
30118401	MARYMOUNT UNIVERSITY	11/01/08		102,725.00
30117002	LONG ISLAND UNIVERSITY	06/01/10		29,048.23
30107002	COLLEGE OF THE HOLY CROSS	10/01/10		25.00
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	10/01/10		3,825.00
30109801	DYOURVILLE COLLEGE	10/01/10		7,868.03
30110101	ELIZABETH CITY STATE UNIVERSITY	10/01/10		50.00
30117801	MARIAN COLLEGE OF FOND DU LAC	10/01/10		38,825.00
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	10/01/10		50.00
30121101	NEW ENGLAND COLLEGE	10/01/10		25.00
30122802	OCCIDENTAL COLLEGE	10/01/10		16,370.00
30123401	PAINE COLLEGE	10/01/10		63,525.00
30132003	TAYLOR UNIVERSITY	10/01/10		68,915.00
30132402	TEXAS SOUTHERN UNIVERSITY	10/01/10		2,275.00
30132904	TUFTS UNIVERSITY	10/01/10		122,555.00
30102604	BENEDICT COLLEGE	11/01/10		50.00
30103302	BRANDEIS UNIVERSITY	11/01/10		24.99
30109502	DREXEL UNIVERSITY	11/01/10		6,475.00
30110401	EMMANUEL COLLEGE	11/01/10		13,825.00
30110802	FAIRLEIGH DICKINSON UNIV	11/01/10		50.00
30111802	GANNON UNIV. — DORM BOND 1969, SER A	11/01/10		67,025.00
30112301	GEORGETOWN UNIVERSITY	11/01/10		50.00
30112302	GEORGETOWN UNIVERSITY	11/01/10		50.00
30117402	LYCOMING COLLEGE	11/01/10		24.97
30117403	LYCOMING COLLEGE	11/01/10		25.00
30117501	LYNCHBURG COLLEGE	11/01/10		25.00
30117502	LYNCHBURG COLLEGE	11/01/10		25.00
30118302	MARY BALDWIN COLLEGE	11/01/10		25.00
30119202	MERCER UNIV.ACCOUNTING OFFICE	11/01/10		20,289.35
30119801	MILLSAPS COLLEGE	11/01/10		29,400.00
30120601	MORGAN STATE UNIVERSTIY	11/01/10		50.00
30122302	NORTHEASTERN UNIVERSITY	11/01/10		107,199.56
30125504	RIDER COLLEGE	11/01/10		140,274.98
30127602	SAINT MICHAELS COLLEGE	11/01/10		86,860.00
30128001	SAINT VINCENT COLLEGE	11/01/10		25.00
30130703	SPRINGFIELD COLLEGE	11/01/10		25.00
30138102	VIRGINA ST WESELEYAN COLLEGE	11/01/10		20,025.00

		Next
Loan		Payment
Number	Borrower Name	Due	P and I Due
30138702	WESLEY COLLEGE	11/01/10		25.00
30140502	WITTENBERG UNIVERSITY	11/01/10		25.00
30140503	WITTENBERG UNIVERSITY	11/01/10		50.00
30101601	AUBURN UNIVERSITY	12/01/10		127,025.00
30104702	CARROLL COLLEGE 50560040	12/01/10		25.00
30104703	CARROLL COLLEGE 50560040	12/01/10		25.00
30119903	MISSISSIPPI STATE UNIVERSITY	12/01/10		83,500.00
30136002	UNIVERSITY OF PUERTO RICO	12/01/10		25.00
TOTAL:				1,263,910.11

Berkadia Commercial Mortgage
College and University Loan Trust II
Liquidation Report
As of January 31, 2011

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust II
Collection Account Activity Report
For the Period of February 01, 2011 through February 28, 2011

Collections:
Principal Payments	20,000.00
Interest Payments	2,195.00
Total Principal and Interest Collections	22,195.00
Payments and Reversals Posted to Suspense	—
Total Collections	22,195.00
Less: Servicing Fees (not withheld from remittances)	(332.55	)
Net Collections	21,862.45

Page 2 of 12

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust II
Service Fees Schedule
For the Period of February 01, 2011 through February 28, 2011

Date Due		Loan Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
	02012011	30108101	CUMBERLAND CO		—		2,220.00		2,220.00		148,000.00		55.50
	02012011	30112902	HAMPSHIRE COL		53,226.74		5,846.68		59,073.42		389,778.80		146.17
													—
													—
													—
													—
			TOTALS:		53,226.74		8,066.68		61,293.42		537,778.80		201.67

Berkadia Commercial Mortgage
College and University Loan Trust II
Loans Paid in Full
For the Period of February 01, 2011 through February 28, 2011

	Payoff		Total Amount				Interest
Loan Number	Date		Paid		Principal Amount		Amount		Other Fees		Maturity Date
30138102		2/23/2011		20,000.00		20,000.00		—				11012010
TOTALS:				20,000.00		20,000.00		—		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Summary of Partial Prepayments
For the Period of February 01, 2011 through February 28, 2011

		Total
Loan		Amount		Principal		Interest
Number	Date	Paid		Amount		Amount
none to report
TOTAL:			—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of February 28, 2011

Loan			Interest				Maturity
Number		Borrower Name	Rate		Current UPB		Date
	30100103	ALABAMA AGRICULTURAL		3		895,000.00		5012018
	30101601	AUBURN UNIVERSITY		3		1,135,000.00		12012018
	30101701	AZUSA PACIFIC UNIVERSITY		3.75		80,000.00		4012015
	30102604	BENEDICT COLLEGE		3		992,050.00		11012020
	30102802	BETHANY COLLEGE — DORM BOND 1965		3.375		41,000.00		11012012
	30102803	BETHANY COLLEGE — HALL BOND 1967		3		125,000.00		11012017
	30102804	BETHANY COLLEGE — NOTE OF 1973		3		95,000.00		11012012
	30103302	BRANDEIS UNIVERSITY		3		27,550.44		11012011
	30104102	CALIFORNIA STATE UNIVERSITY,		3		300,000.00		11012013
	30104201	TRUST SERVICES DIVISION		3		1,348,000.00		11012019
	30104605	CARNEGIE MELLON		3		450,000.00		11012017
	30104702	CARROLL COLLEGE 50560040		3.75		112,000.00		6012014
	30104703	CARROLL COLLEGE 50560040		3		76,654.65		6012018
	30104801	CARROLL COLLEGE — DORM BOND 1965		3.75		162,000.00		3012015
	30105701	CHAMPLAIN COLLEGE, INC.		3		38,461.54		12012013
	30106904	COLLEGE OF SANTA FE		3		279,000.00		10012018
	30107002	COLLEGE OF THE HOLY CROSS		3.625		215,025.00		10012013
	30108101	CUMBERLAND COLLEGE		3		148,000.00		8012017
	30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		255,000.00		4012016
	30109502	DREXEL UNIVERSITY		3.5		370,000.00		5012014
	30109604	DRURY COLLEGE		3		90,000.00		4012015
	30109801	DYOURVILLE COLLEGE		3		524,535.00		4012018
	30110101	ELIZABETH CITY STATE UNIVERSITY		3		170,050.00		10012017
	30110401	EMMANUEL COLLEGE		3		55,000.00		11012013
	30110802	FAIRLEIGH DICKINSON UNIV		3		750,050.00		11012017
	30111802	GANNON UNIV. — DORM BOND 1969, SER A		3		134,999.98		11012011
	30112002	GEORGE FOX COLLEGE		3		364,510.13		7012018
	30112301	GEORGETOWN UNIVERSITY		3		1,553,050.00		11012020
	30112302	GEORGETOWN UNIVERSITY		4		4,115,050.00		11012020
	30112901	HAMPSHIRE COLLEGE		3		80,903.13		7012013
	30112902	HAMPSHIRE COLLEGE		3		336,552.06		2012014
	30113601	HINDS JUNIOR COLLEGE		3		379,000.00		4012013
	30113702	HIWASSEE COLLEGE		3		97,561.23		9152018
	30114001	HOOD COLLEGE		3.625		84,000.00		11012014
	30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		935,718.57		1012017
	30116201	LASSEN JUNIOR COLLEGE		3		254,000.00		4012020
	30117002	LONG ISLAND UNIVERSITY		3.625		200,876.35		6012014
	30117204	LA. STATE UNIV. 1965 BOND SER B		3		3,800.00		7012005
	30117205	LA. STATE UNIV. 1966 BOND SER C		3		1,500.00		7012006
	30117402	LYCOMING COLLEGE		3.625		77,000.00		5012014
	30117403	LYCOMING COLLEGE		3.75		124,999.99		5012015
	30117501	LYNCHBURG COLLEGE		3.75		173,000.00		5012015
	30117502	LYNCHBURG COLLEGE		3		310,000.00		5012018
	30117602	MACALESTER COLLEGE		3		235,902.68		5012020
	30117801	MARIAN COLLEGE OF FOND DU LAC		3		255,000.00		10012016
	30118302	MARY BALDWIN COLLEGE		3.375		63,000.00		5012012
	30118401	MARYMOUNT UNIVERSITY		3		335,000.00		5012016
	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER		3.375		154,000.00		4012012
	30119202	MERCER UNIV. ACCOUNTING OFFICE		3		151,884.45		5012014
	30119801	MILLSAPS COLLEGE		3		360,000.00		11012021

Page 7 of 12

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of February 28, 2011

Loan			Interest				Maturity
Number		Borrower Name	Rate		Current UPB		Date
	30119903	MISSISSIPPI STATE UNIVERSITY		3		900,000.00		12012020
	30120402	MORAVIAN COLLEGE		3.375		40,000.00		11012012
	30120601	MORGAN STATE UNIVERSTIY		3		694,275.66		11012014
	30121101	NEW ENGLAND COLLEGE		3		65,000.00		4012016
	30121201	NEWARK BETH ISREAL MEDICAL CENTER		3.625		210,000.00		1012014
	30121501	NORFOLK STATE UNIVERSITY		3		1,623,303.79		12012021
	30122302	NORTHEASTERN UNIVERSITY		3		1,514,864.57		5012018
	30122802	OCCIDENTAL COLLEGE		3		158,000.00		10012019
	30123401	PAINE COLLEGE		3		434,999.99		10012016
	30123701	UNIVERSITY OF THE ARTS		3		1,376,231.26		1012022
	30125504	RIDER COLLEGE		3.625		595,000.00		11012013
	30125506	RIDER COLLEGE		3		197,000.00		5012017
	30127402	ST MARY’S SCHOOL		3		218,000.00		6012020
	30127602	SAINT MICHAELS COLLEGE		3		494,343.62		5012013
	30127801	SAINT PAULS COLLEGE		3		151,680.69		11012014
	30128001	SAINT VINCENT COLLEGE		3.5		165,000.00		5012013
	30128802	SETON HILL COLLEGE		3.625		106,000.00		11012014
	30129101	SIMPSON COLLEGE — BOND 1966		3		130,000.00		7012016
	30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3		845,000.00		10012015
	30130703	SPRINGFIELD COLLEGE		3.5		93,000.00		5012013
	30130903	STEPHEN F AUSTIN STATE UNIVERSITY		3.375		342,000.00		10012012
	30132003	TAYLOR UNIVERSITY		3		261,000.00		10012013
	30132402	TEXAS SOUTHERN UNIVERSITY		3.5		130,000.00		4012013
	30132904	TUFTS UNIVERSITY		3		1,437,000.00		10012021
	30133201	UNIV STUDENT COOP HOUSING		3		820,000.00		4012019
	30134002	ARKANSAS STATE TEACHERS COLLEGE		3		78,000.00		4012005
	30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		690,000.00		7012014
	30136002	UNIVERSITY OF PUERTO RICO		3		169,000.00		6012011
	30136801	UNIVERSITY OF ST THOMAS		3		340,000.00		10012019
	30137702	VERMONT STATE COLLEGE		3		79,000.00		7012014
	30137802	VILLANOVA UNIVERSITY		3		610,000.00		4012019
	30137901	VINCENNES UNIVERSITY		3		2,370,000.00		6012023
	30138001	VIRGINIA COMMONWEALTH		3		251,999.99		6012011
	30138702	WESLEY COLLEGE		3.375		43,000.00		5012013
	30140502	WITTENBERG UNIVERSITY		3		285,000.00		5012015
	30140503	WITTENBERG UNIVERSITY		3		106,050.00		11012017
		TOTALS:				37,539,434.77

Berkadia Commercial Mortgage
College and University Loan Trust II
Delinquency Report (60+ Days)
As of February 28, 2011

			Next
Loan			Payment
Number		Borrower Name	Next Due		P and I Due
	30134002	ARKANSAS STATE TEACHERS COLLEGE		10/01/04		92,505.00
	30117204	LA. STATE UNIV.1965 BOND SER B		01/01/06		6,270.00
	30117205	LA. STATE UNIV.1966 BOND SER C		01/01/07		2,025.00
	30118401	MARYMOUNT UNIVERSITY		11/01/08		102,725.00
	30117002	LONG ISLAND UNIVERSITY		06/01/10		29,048.23
	30107002	COLLEGE OF THE HOLY CROSS		10/01/10		25.00
	30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		10/01/10		3,825.00
	30109801	DYOUVILLE COLLEGE		10/01/10		7,868.03
	30110101	ELIZABETH CITY STATE UNIVERSITY		10/01/10		50.00
	30117801	MARIAN COLLEGE OF FOND DU LAC		10/01/10		38,825.00
	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER		10/01/10		50.00
	30121101	NEW ENGLAND COLLEGE		10/01/10		25.00
	30122802	OCCIDENTAL COLLEGE		10/01/10		16,370.00
	30123401	PAINE COLLEGE		10/01/10		63,525.00
	30132003	TAYLOR UNIVERSITY		10/01/10		68,915.00
	30132402	TEXAS SOUTHERN UNIVERSITY		10/01/10		2,275.00
	30132904	TUFTS UNIVERSITY		10/01/10		122,555.00
	30102604	BENEDICT COLLEGE		11/01/10		50.00
	30103302	BRANDEIS UNIVERSITY		11/01/10		24.99
	30109502	DREXEL UNIVERSITY		11/01/10		6,475.00
	30110401	EMMANUEL COLLEGE		11/01/10		13,825.00
	30110802	FAIRLEIGH DICKINSON UNIV		11/01/10		50.00
	30111802	GANNON UNIV. — DORM BOND 1969, SER A		11/01/10		67,025.00
	30112301	GEORGETOWN UNIVERSITY		11/01/10		50.00
	30112302	GEORGETOWN UNIVERSITY		11/01/10		50.00
	30117402	LYCOMING COLLEGE		11/01/10		24.97
	30117403	LYCOMING COLLEGE		11/01/10		25.00
	30117501	LYNCHBURG COLLEGE		11/01/10		25.00
	30117502	LYNCHBURG COLLEGE		11/01/10		25.00
	30118302	MARY BALDWIN COLLEGE		11/01/10		25.00
	30119202	MERCER UNIV.ACCOUNTING OFFICE		11/01/10		20,289.35
	30119801	MILLSAPS COLLEGE		11/01/10		29,400.00
	30120601	MORGAN STATE UNIVERSTIY		11/01/10		50.00
	30122302	NORTHEASTERN UNIVERSITY		11/01/10		107,199.56
	30125504	RIDER COLLEGE		11/01/10		140,274.98
	30127602	SAINT MICHAELS COLLEGE		11/01/10		86,860.00
	30128001	SAINT VINCENT COLLEGE		11/01/10		25.00
	30130703	SPRINGFIELD COLLEGE		11/01/10		25.00
	30138702	WESLEY COLLEGE		11/01/10		25.00
	30140502	WITTENBERG UNIVERSITY		11/01/10		25.00
	30140503	WITTENBERG UNIVERSITY		11/01/10		50.00
	30101601	AUBURN UNIVERSITY		12/01/10		127,025.00
	30104702	CARROLL COLLEGE 50560040		12/01/10		25.00

			Next
Loan			Payment
Number		Borrower Name	Next Due		P and I Due
	30104703	CARROLL COLLEGE 50560040		12/01/10		25.00
	30119903	MISSISSIPPI STATE UNIVERSITY		12/01/10		83,500.00
	30136002	UNIVERSITY OF PUERTO RICO		12/01/10		25.00
	30121201	NEWARK BETH ISRAEL MEDICAL CTR		01/01/11		53,806.19
	30129101	SIMPSON COLLEGE		01/01/11		1,950.00
TOTAL:						1,295,136.30

Berkadia Commercial Mortgage
College and University Loan Trust II
Liquidation Report
As of February 28, 2011

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust II
Collection Account Activity Report
For the Period of March 01, 2011 through March 31, 2011

Collections:
Principal Payments	231,094.58
Interest Payments	35,704.57
Total Principal and Interest Collections	266,799.15
Payments and Reversals Posted to Suspense	—
Total Collections	266,799.15
Less: Servicing Fees (not withheld from remittances)	(641.84	)
Net Collections	266,157.31

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust II
Service Fees Schedule
For the Period of March 01, 2011 through March 31, 2011

		Loan
Date Due		Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
	03012011	30104801	CARROLL COLLE		30,000.00		3,037.50		33,037.50		162,000.00		60.75
	03152011	30113702	HIWASSEE COLL		5,444.58		1,463.42		6,908.00		97,561.23		36.59
													—
													—
													—
													—
			TOTALS:		35,444.58		4,500.92		39,945.50		259,561.23		97.34

Page 2 of 10

Berkadia Commercial Mortgage
College and University Loan Trust II
Loans Paid in Full
For the Period of March 01, 2011 through March 31, 2011

	Payoff		Total Amount				Interest
Loan Number	Date		Paid		Principal Amount		Amount		Other Fees		Maturity Date
30117204		3/9/2011		3,800.00		3,800.00		—				7012005
30117205		3/24/2011		1,500.00		1,500.00		—				7012006
TOTALS:				5,300.00		5,300.00		—		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Summary of Partial Prepayments
For the Period of March 01, 2011 through March 31, 2011

			Total
Loan			Amount		Principal		Interest
Number	Date		Paid		Amount		Amount
30134002		3-29-11		75,000.00		75,000.00		—
TOTAL:				75,000.00		75,000.00		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
For the Quarter Ended March 31, 2011

			Interest				Maturity
Loan Number		Borrower Name	Rate		Current UPB		Date
January
	30100103	ALABAMA AGRICULTURAL		3.00		895,000.00		5-01-2018
	30101601	AUBURN UNIVERSITY		3.00		1,135,000.00		12-01-2018
	30101701	AZUSA PACIFIC UNIVERSITY		3.75		80,000.00		4-01-2015
	30102604	BENEDICT COLLEGE		3.00		992,050.00		11-01-2020
	30102802	BETHANY COLLEGE — DORM BOND 1965		3.38		41,000.00		11-01-2012
	30102803	BETHANY COLLEGE — HALL BOND 1967		3.00		125,000.00		11-01-2017
	30102804	BETHANY COLLEGE — NOTE OF 1973		3.00		95,000.00		11-01-2012
	30103302	BRANDEIS UNIVERSITY		3.00		27,550.44		11-01-2011
	30104102	CALIFORNIA STATE UNIVERSITY,		3.00		300,000.00		11-01-2013
	30104201	TRUST SERVICES DIVISION		3.00		1,348,000.00		11-01-2019
	30104605	CARNEGIE MELLON		3.00		450,000.00		11-01-2017
	30104702	CARROLL COLLEGE 50560040		3.75		112,000.00		6-01-2014
	30104703	CARROLL COLLEGE 50560040		3.00		76,654.65		6-01-2018
	30104801	CARROLL COLLEGE — DORM BOND 1965		3.75		162,000.00		3-01-2015
	30105701	CHAMPLAIN COLLEGE, INC.		3.00		38,461.54		12-01-2013
	30106904	COLLEGE OF SANTA FE		3.00		279,000.00		10-01-2018
	30107002	COLLEGE OF THE HOLY CROSS		3.63		215,025.00		10-01-2013
	30108101	CUMBERLAND COLLEGE		3.00		148,000.00		8-01-2017
	30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		255,000.00		4-01-2016
	30109502	DREXEL UNIVERSITY		3.50		370,000.00		5-01-2014
	30109604	DRURY COLLEGE		3.00		90,000.00		4-01-2015
	30109801	DYOURVILLE COLLEGE		3.00		524,535.00		4-01-2018
	30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		170,050.00		10-01-2017
	30110401	EMMANUEL COLLEGE		3.00		55,000.00		11-01-2013
	30110802	FAIRLEIGH DICKINSON UNIV		3.00		750,050.00		11-01-2017
	30111802	GANNON UNIV. — DORM BOND 1969, SER A		3.00		134,999.98		11-01-2011
	30112002	GEORGE FOX COLLEGE		3.00		364,510.13		7-01-2018
	30112301	GEORGETOWN UNIVERSITY		3.00		1,553,050.00		11-01-2020
	30112302	GEORGETOWN UNIVERSITY		4.00		4,115,050.00		11-01-2020
	30112901	HAMPSHIRE COLLEGE		3.00		80,903.13		7-01-2013
	30112902	HAMPSHIRE COLLEGE		3.00		336,552.06		2-01-2014
	30113601	HINDS JUNIOR COLLEGE		3.00		379,000.00		4-01-2013
	30113702	HIWASSEE COLLEGE		3.00		97,561.23		9-15-2018
	30114001	HOOD COLLEGE		3.63		84,000.00		11-01-2014
	30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		935,718.57		1-01-2017
	30116201	LASSEN JUNIOR COLLEGE		3.00		254,000.00		4-01-2020
	30117002	LONG ISLAND UNIVERSITY		3.63		200,876.35		6-01-2014
	30117204	LA. STATE UNIV. 1965 BOND SER B		3.00		3,800.00		7-01-2005
	30117205	LA. STATE UNIV. 1966 BOND SER C		3.00		1,500.00		7-01-2006
	30117402	LYCOMING COLLEGE		3.63		77,000.00		5-01-2014
	30117403	LYCOMING COLLEGE		3.75		124,999.99		5-01-2015
	30117501	LYNCHBURG COLLEGE		3.75		173,000.00		5-01-2015
	30117502	LYNCHBURG COLLEGE		3.00		310,000.00		5-01-2018
	30117602	MACALESTER COLLEGE		3.00		235,902.68		5-01-2020
	30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		255,000.00		10-01-2016
	30118302	MARY BALDWIN COLLEGE		3.38		63,000.00		5-01-2012
	30118401	MARYMOUNT UNIVERSITY		3.00		335,000.00		5-01-2016
	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER		3.38		154,000.00		4-01-2012
	30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		151,884.45		5-01-2014
	30119801	MILLSAPS COLLEGE		3.00		360,000.00		11-01-2021
	30119903	MISSISSIPPI STATE UNIVERSITY		3.00		900,000.00		12-01-2020
	30120402	MORAVIAN COLLEGE		3.38		40,000.00		11-01-2012

Page 7 of 14

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
For the Quarter Ended March 31, 2011

			Interest				Maturity
Loan Number		Borrower Name	Rate		Current UPB		Date
	30120601	MORGAN STATE UNIVERSTIY		3.00		694,275.66		11-01-2014
	30121101	NEW ENGLAND COLLEGE		3.00		65,000.00		4-01-2016
	30121201	NEWARK BETH ISREAL MEDICAL CENTER		3.63		210,000.00		1-01-2014
	30121501	NORFOLK STATE UNIVERSITY		3.00		1,623,303.79		12-01-2021
	30122302	NORTHEASTERN UNIVERSITY		3.00		1,514,864.57		5-01-2018
	30122802	OCCIDENTAL COLLEGE		3.00		158,000.00		10-01-2019
	30123401	PAINE COLLEGE		3.00		434,999.99		10-01-2016
	30123701	UNIVERSITY OF THE ARTS		3.00		1,376,231.26		1-01-2022
	30125504	RIDER COLLEGE		3.63		595,000.00		11-01-2013
	30125506	RIDER COLLEGE		3.00		197,000.00		5-01-2017
	30127402	ST MARY’S SCHOOL		3.00		218,000.00		6-01-2020
	30127602	SAINT MICHAELS COLLEGE		3.00		494,343.62		5-01-2013
	30127801	SAINT PAULS COLLEGE		3.00		151,680.69		11-01-2014
	30128001	SAINT VINCENT COLLEGE		3.50		165,000.00		5-01-2013
	30128802	SETON HILL COLLEGE		3.63		106,000.00		11-01-2014
	30129101	SIMPSON COLLEGE — BOND 1966		3.00		130,000.00		7-01-2016
	30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3.00		845,000.00		10-01-2015
	30130703	SPRINGFIELD COLLEGE		3.50		93,000.00		5-01-2013
	30130903	STEPHEN F AUSTIN STATE UNIVERSITY		3.38		342,000.00		10-01-2012
	30132003	TAYLOR UNIVERSITY		3.00		261,000.00		10-01-2013
	30132402	TEXAS SOUTHERN UNIVERSITY		3.50		130,000.00		4-01-2013
	30132904	TUFTS UNIVERSITY		3.00		1,437,000.00		10-01-2021
	30133201	UNIV STUDENT COOP HOUSING		3.00		820,000.00		4-01-2019
	30134002	ARKANSAS STATE TEACHERS COLLEGE		3.00		78,000.00		4-01-2005
	30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		690,000.00		7-01-2014
	30136002	UNIVERSITY OF PUERTO RICO		3.00		169,000.00		6-01-2011
	30136801	UNIVERSITY OF ST THOMAS		3.00		340,000.00		10-01-2019
	30137702	VERMONT STATE COLLEGE		3.00		79,000.00		7-01-2014
	30137802	VILLANOVA UNIVERSITY		3.00		610,000.00		4-01-2019
	30137901	VINCENNES UNIVERSITY		3.00		2,370,000.00		6-01-2023
	30138001	VIRGINIA COMMONWEALTH		3.00		251,999.99		6-01-2011
	30138102	VIRGINA ST WESELEYAN COLLEGE		3.00		20,000.00		11-01-2010
	30138702	WESLEY COLLEGE		3.38		43,000.00		5-01-2013
	30140502	WITTENBERG UNIVERSITY		3.00		285,000.00		5-01-2015
	30140503	WITTENBERG UNIVERSITY		3.00		106,050.00		11-01-2017
		TOTALS:				37,559,434.77
February
	30100103	ALABAMA AGRICULTURAL		3.00		895,000.00		5-01-2018
	30101601	AUBURN UNIVERSITY		3.00		1,135,000.00		12-01-2018
	30101701	AZUSA PACIFIC UNIVERSITY		3.75		80,000.00		4-01-2015
	30102604	BENEDICT COLLEGE		3.00		992,050.00		11-01-2020
	30102802	BETHANY COLLEGE — DORM BOND 1965		3.38		41,000.00		11-01-2012
	30102803	BETHANY COLLEGE — HALL BOND 1967		3.00		125,000.00		11-01-2017
	30102804	BETHANY COLLEGE — NOTE OF 1973		3.00		95,000.00		11-01-2012
	30103302	BRANDEIS UNIVERSITY		3.00		27,550.44		11-01-2011
	30104102	CALIFORNIA STATE UNIVERSITY,		3.00		300,000.00		11-01-2013
	30104201	TRUST SERVICES DIVISION		3.00		1,348,000.00		11-01-2019
	30104605	CARNEGIE MELLON		3.00		450,000.00		11-01-2017
	30104702	CARROLL COLLEGE 50560040		3.75		112,000.00		6-01-2014
	30104703	CARROLL COLLEGE 50560040		3.00		76,654.65		6-01-2018
	30104801	CARROLL COLLEGE — DORM BOND 1965		3.75		162,000.00		3-01-2015

Page 8 of 14

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
For the Quarter Ended March 31, 2011

			Interest				Maturity
Loan Number		Borrower Name	Rate		Current UPB		Date
	30105701	CHAMPLAIN COLLEGE, INC.		3.00		38,461.54		12-01-2013
	30106904	COLLEGE OF SANTA FE		3.00		279,000.00		10-01-2018
	30107002	COLLEGE OF THE HOLY CROSS		3.63		215,025.00		10-01-2013
	30108101	CUMBERLAND COLLEGE		3.00		148,000.00		8-01-2017
	30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		255,000.00		4-01-2016
	30109502	DREXEL UNIVERSITY		3.50		370,000.00		5-01-2014
	30109604	DRURY COLLEGE		3.00		90,000.00		4-01-2015
	30109801	DYOURVILLE COLLEGE		3.00		524,535.00		4-01-2018
	30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		170,050.00		10-01-2017
	30110401	EMMANUEL COLLEGE		3.00		55,000.00		11-01-2013
	30110802	FAIRLEIGH DICKINSON UNIV		3.00		750,050.00		11-01-2017
	30111802	GANNON UNIV. — DORM BOND 1969, SER A		3.00		134,999.98		11-01-2011
	30112002	GEORGE FOX COLLEGE		3.00		364,510.13		7-01-2018
	30112301	GEORGETOWN UNIVERSITY		3.00		1,553,050.00		11-01-2020
	30112302	GEORGETOWN UNIVERSITY		4.00		4,115,050.00		11-01-2020
	30112901	HAMPSHIRE COLLEGE		3.00		80,903.13		7-01-2013
	30112902	HAMPSHIRE COLLEGE		3.00		336,552.06		2-01-2014
	30113601	HINDS JUNIOR COLLEGE		3.00		379,000.00		4-01-2013
	30113702	HIWASSEE COLLEGE		3.00		97,561.23		9-15-2018
	30114001	HOOD COLLEGE		3.63		84,000.00		11-01-2014
	30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		935,718.57		1-01-2017
	30116201	LASSEN JUNIOR COLLEGE		3.00		254,000.00		4-01-2020
	30117002	LONG ISLAND UNIVERSITY		3.63		200,876.35		6-01-2014
	30117204	LA. STATE UNIV. 1965 BOND SER B		3.00		3,800.00		7-01-2005
	30117205	LA. STATE UNIV. 1966 BOND SER C		3.00		1,500.00		7-01-2006
	30117402	LYCOMING COLLEGE		3.63		77,000.00		5-01-2014
	30117403	LYCOMING COLLEGE		3.75		124,999.99		5-01-2015
	30117501	LYNCHBURG COLLEGE		3.75		173,000.00		5-01-2015
	30117502	LYNCHBURG COLLEGE		3.00		310,000.00		5-01-2018
	30117602	MACALESTER COLLEGE		3.00		235,902.68		5-01-2020
	30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		255,000.00		10-01-2016
	30118302	MARY BALDWIN COLLEGE		3.38		63,000.00		5-01-2012
	30118401	MARYMOUNT UNIVERSITY		3.00		335,000.00		5-01-2016
	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER		3.38		154,000.00		4-01-2012
	30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		151,884.45		5-01-2014
	30119801	MILLSAPS COLLEGE		3.00		360,000.00		11-01-2021
	30119903	MISSISSIPPI STATE UNIVERSITY		3.00		900,000.00		12-01-2020
	30120402	MORAVIAN COLLEGE		3.38		40,000.00		11-01-2012
	30120601	MORGAN STATE UNIVERSTIY		3.00		694,275.66		11-01-2014
	30121101	NEW ENGLAND COLLEGE		3.00		65,000.00		4-01-2016
	30121201	NEWARK BETH ISREAL MEDICAL CENTER		3.63		210,000.00		1-01-2014
	30121501	NORFOLK STATE UNIVERSITY		3.00		1,623,303.79		12-01-2021
	30122302	NORTHEASTERN UNIVERSITY		3.00		1,514,864.57		5-01-2018
	30122802	OCCIDENTAL COLLEGE		3.00		158,000.00		10-01-2019
	30123401	PAINE COLLEGE		3.00		434,999.99		10-01-2016
	30123701	UNIVERSITY OF            THE ARTS		3.00		1,376,231.26		1-01-2022
	30125504	RIDER COLLEGE		3.63		595,000.00		11-01-2013
	30125506	RIDER COLLEGE		3.00		197,000.00		5-01-2017
	30127402	ST MARY’S SCHOOL		3.00		218,000.00		6-01-2020
	30127602	SAINT MICHAELS COLLEGE		3.00		494,343.62		5-01-2013
	30127801	SAINT PAULS COLLEGE		3.00		151,680.69		11-01-2014
	30128001	SAINT VINCENT COLLEGE		3.50		165,000.00		5-01-2013
	30128802	SETON HILL COLLEGE		3.63		106,000.00		11-01-2014
	30129101	SIMPSON COLLEGE — BOND 1966		3.00		130,000.00		7-01-2016

Page 9 of 14

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
For the Quarter Ended March 31, 2011

			Interest				Maturity
Loan Number		Borrower Name	Rate		Current UPB		Date
	30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3.00		845,000.00		10-01-2015
	30130703	SPRINGFIELD COLLEGE		3.50		93,000.00		5-01-2013
	30130903	STEPHEN F AUSTIN STATE UNIVERSITY		3.38		342,000.00		10-01-2012
	30132003	TAYLOR UNIVERSITY		3.00		261,000.00		10-01-2013
	30132402	TEXAS SOUTHERN UNIVERSITY		3.50		130,000.00		4-01-2013
	30132904	TUFTS UNIVERSITY		3.00		1,437,000.00		10-01-2021
	30133201	UNIV STUDENT COOP HOUSING		3.00		820,000.00		4-01-2019
	30134002	ARKANSAS STATE TEACHERS COLLEGE		3.00		78,000.00		4-01-2005
	30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		690,000.00		7-01-2014
	30136002	UNIVERSITY OF PUERTO RICO		3.00		169,000.00		6-01-2011
	30136801	UNIVERSITY OF ST THOMAS		3.00		340,000.00		10-01-2019
	30137702	VERMONT STATE COLLEGE		3.00		79,000.00		7-01-2014
	30137802	VILLANOVA UNIVERSITY		3.00		610,000.00		4-01-2019
	30137901	VINCENNES UNIVERSITY		3.00		2,370,000.00		6-01-2023
	30138001	VIRGINIA COMMONWEALTH		3.00		251,999.99		6-01-2011
	30138702	WESLEY COLLEGE		3.38		43,000.00		5-01-2013
	30140502	WITTENBERG UNIVERSITY		3.00		285,000.00		5-01-2015
	30140503	WITTENBERG UNIVERSITY		3.00		106,050.00		11-01-2017
		TOTALS:				37,539,434.77
March
	30100103	ALABAMA AGRICULTURAL		3.00		895,000.00		5-01-2018
	30101601	AUBURN UNIVERSITY		3.00		1,135,000.00		12-01-2018
	30101701	AZUSA PACIFIC UNIVERSITY		3.75		80,000.00		4-01-2015
	30102604	BENEDICT COLLEGE		3.00		992,000.00		11-01-2020
	30102802	BETHANY COLLEGE — DORM BOND 1965		3.38		41,000.00		11-01-2012
	30102803	BETHANY COLLEGE — HALL BOND 1967		3.00		125,000.00		11-01-2017
	30102804	BETHANY COLLEGE — NOTE OF 1973		3.00		95,000.00		11-01-2012
	30103302	BRANDEIS UNIVERSITY		3.00		27,550.44		11-01-2011
	30104102	CALIFORNIA STATE UNIVERSITY,		3.00		300,000.00		11-01-2013
	30104201	TRUST SERVICES DIVISION		3.00		1,348,000.00		11-01-2019
	30104605	CARNEGIE MELLON		3.00		450,000.00		11-01-2017
	30104702	CARROLL COLLEGE 50560040		3.75		112,000.00		6-01-2014
	30104703	CARROLL COLLEGE 50560040		3.00		76,629.65		6-01-2018
	30104801	CARROLL COLLEGE — DORM BOND 1965		3.75		162,000.00		3-01-2015
	30105701	CHAMPLAIN COLLEGE, INC.		3.00		38,461.54		12-01-2013
	30106904	COLLEGE OF SANTA FE		3.00		279,000.00		10-01-2018
	30107002	COLLEGE OF THE HOLY CROSS		3.63		215,000.00		10-01-2013
	30108101	CUMBERLAND COLLEGE		3.00		148,000.00		8-01-2017
	30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3.00		255,000.00		4-01-2016
	30109502	DREXEL UNIVERSITY		3.50		370,000.00		5-01-2014
	30109604	DRURY COLLEGE		3.00		90,000.00		4-01-2015
	30109801	DYOURVILLE COLLEGE		3.00		524,535.00		4-01-2018
	30110101	ELIZABETH CITY STATE UNIVERSITY		3.00		170,000.00		10-01-2017
	30110401	EMMANUEL COLLEGE		3.00		55,000.00		11-01-2013
	30110802	FAIRLEIGH DICKINSON UNIV		3.00		750,000.00		11-01-2017
	30111802	GANNON UNIV. — DORM BOND 1969, SER A		3.00		134,999.98		11-01-2011
	30112002	GEORGE FOX COLLEGE		3.00		364,510.13		7-01-2018
	30112301	GEORGETOWN UNIVERSITY		3.00		1,553,000.00		11-01-2020
	30112302	GEORGETOWN UNIVERSITY		4.00		4,115,000.00		11-01-2020
	30112901	HAMPSHIRE COLLEGE		3.00		80,903.13		7-01-2013
	30112902	HAMPSHIRE COLLEGE		3.00		336,552.06		2-01-2014

Page 10 of 14

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
For the Quarter Ended March 31, 2011

			Interest				Maturity
Loan Number		Borrower Name	Rate		Current UPB		Date
	30113601	HINDS JUNIOR COLLEGE		3.00		379,000.00		4-01-2013
	30113702	HIWASSEE COLLEGE		3.00		92,116.65		9-15-2018
	30114001	HOOD COLLEGE		3.63		84,000.00		11-01-2014
	30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3.00		935,718.57		1-01-2017
	30116201	LASSEN JUNIOR COLLEGE		3.00		229,000.00		4-01-2020
	30117002	LONG ISLAND UNIVERSITY		3.63		200,876.35		6-01-2014
	30117402	LYCOMING COLLEGE		3.63		77,000.00		5-01-2014
	30117403	LYCOMING COLLEGE		3.75		124,999.99		5-01-2015
	30117501	LYNCHBURG COLLEGE		3.75		173,000.00		5-01-2015
	30117502	LYNCHBURG COLLEGE		3.00		310,000.00		5-01-2018
	30117602	MACALESTER COLLEGE		3.00		235,902.68		5-01-2020
	30117801	MARIAN COLLEGE OF FOND DU LAC		3.00		255,000.00		10-01-2016
	30118302	MARY BALDWIN COLLEGE		3.38		63,000.00		5-01-2012
	30118401	MARYMOUNT UNIVERSITY		3.00		335,000.00		5-01-2016
	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER		3.38		154,000.00		4-01-2012
	30119202	MERCER UNIV. ACCOUNTING OFFICE		3.00		151,884.45		5-01-2014
	30119801	MILLSAPS COLLEGE		3.00		360,000.00		11-01-2021
	30119903	MISSISSIPPI STATE UNIVERSITY		3.00		830,000.00		12-01-2020
	30120402	MORAVIAN COLLEGE		3.38		40,000.00		11-01-2012
	30120601	MORGAN STATE UNIVERSTIY		3.00		694,275.66		11-01-2014
	30121101	NEW ENGLAND COLLEGE		3.00		65,000.00		4-01-2016
	30121201	NEWARK BETH ISREAL MEDICAL CENTER		3.63		160,000.00		1-01-2014
	30121501	NORFOLK STATE UNIVERSITY		3.00		1,623,303.79		12-01-2021
	30122302	NORTHEASTERN UNIVERSITY		3.00		1,514,864.57		5-01-2018
	30122802	OCCIDENTAL COLLEGE		3.00		158,000.00		10-01-2019
	30123401	PAINE COLLEGE		3.00		434,999.99		10-01-2016
	30123701	UNIVERSITY OF            THE ARTS		3.00		1,376,231.26		1-01-2022
	30125504	RIDER COLLEGE		3.63		595,000.00		11-01-2013
	30125506	RIDER COLLEGE		3.00		197,000.00		5-01-2017
	30127402	ST MARY’S SCHOOL		3.00		218,000.00		6-01-2020
	30127602	SAINT MICHAELS COLLEGE		3.00		494,343.62		5-01-2013
	30127801	SAINT PAULS COLLEGE		3.00		151,680.69		11-01-2014
	30128001	SAINT VINCENT COLLEGE		3.50		165,000.00		5-01-2013
	30128802	SETON HILL COLLEGE		3.63		106,000.00		11-01-2014
	30129101	SIMPSON COLLEGE — BOND 1966		3.00		130,000.00		7-01-2016
	30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3.00		845,000.00		10-01-2015
	30130703	SPRINGFIELD COLLEGE		3.50		93,000.00		5-01-2013
	30130903	STEPHEN F AUSTIN STATE UNIVERSITY		3.38		342,000.00		10-01-2012
	30132003	TAYLOR UNIVERSITY		3.00		261,000.00		10-01-2013
	30132402	TEXAS SOUTHERN UNIVERSITY		3.50		130,000.00		4-01-2013
	30132904	TUFTS UNIVERSITY		3.00		1,437,000.00		10-01-2021
	30133201	UNIV STUDENT COOP HOUSING		3.00		820,000.00		4-01-2019
	30134002	ARKANSAS STATE TEACHERS COLLEGE		3.00		3,000.00		4-01-2005
	30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3.00		690,000.00		7-01-2014
	30136002	UNIVERSITY OF PUERTO RICO		3.00		169,000.00		6-01-2011
	30136801	UNIVERSITY OF ST THOMAS		3.00		340,000.00		10-01-2019
	30137702	VERMONT STATE COLLEGE		3.00		79,000.00		7-01-2014
	30137802	VILLANOVA UNIVERSITY		3.00		610,000.00		4-01-2019
	30137901	VINCENNES UNIVERSITY		3.00		2,370,000.00		6-01-2023
	30138001	VIRGINIA COMMONWEALTH		3.00		251,999.99		6-01-2011
	30138702	WESLEY COLLEGE		3.38		43,000.00		5-01-2013
	30140502	WITTENBERG UNIVERSITY		3.00		285,000.00		5-01-2015
	30140503	WITTENBERG UNIVERSITY		3.00		106,000.00		11-01-2017
		TOTALS:				37,308,340.19

Page 11 of 14

Berkadia Commercial Mortgage
College and University Loan Trust II
Delinquency Report (60+ Days)
For the Quarter Ended March 31, 2011

			Next
			Payment
Loan Number		Borrower Name	Due		P and I Due		Current UPB
	30134002	ARKANSAS STATE TEACHERS COLLEGE		10/01/04		92,505.00		3,000.00
	30118401	MARYMOUNT UNIVERSITY		11/01/08		102,725.00		335,000.00
	30117002	LONG ISLAND UNIVERSITY		06/01/10		29,048.23		200,876.35
	30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		10/01/10		3,825.00		255,000.00
	30109801	DYOUVILLE COLLEGE		10/01/10		7,868.03		524,535.00
	30117801	MARIAN COLLEGE OF FOND DU LAC		10/01/10		38,825.00		255,000.00
	30122802	OCCIDENTAL COLLEGE		10/01/10		16,370.00		158,000.00
	30123401	PAINE COLLEGE		10/01/10		63,525.00		434,999.99
	30132003	TAYLOR UNIVERSITY		10/01/10		68,915.00		261,000.00
	30132402	TEXAS SOUTHERN UNIVERSITY		10/01/10		2,275.00		130,000.00
	30132904	TUFTS UNIVERSITY		10/01/10		122,555.00		1,437,000.00
	30109502	DREXEL UNIVERSITY		11/01/10		6,475.00		370,000.00
	30110401	EMMANUEL COLLEGE		11/01/10		13,825.00		55,000.00
	30111802	GANNON UNIV. — DORM BOND 1969, SER A		11/01/10		67,025.00		134,999.98
	30119202	MERCER UNIV.ACCOUNTING OFFICE		11/01/10		20,289.35		151,884.45
	30119801	MILLSAPS COLLEGE		11/01/10		29,400.00		360,000.00
	30120601	MORGAN STATE UNIVERSTIY		11/01/10		50.00		694,275.66
	30122302	NORTHEASTERN UNIVERSITY		11/01/10		107,199.56		1,514,864.57
	30125504	RIDER COLLEGE		11/01/10		140,274.98		595,000.00
	30127602	SAINT MICHAELS COLLEGE		11/01/10		86,860.00		494,343.62
	30101601	AUBURN UNIVERSITY		12/01/10		127,025.00		1,135,000.00
	30129101	SIMPSON COLLEGE		01/01/11		1,950.00		130,000.00
TOTAL:						1,148,810.15		9,629,779.62

Berkadia Commercial Mortgage
College and University Loan Trust II
Liquidation Report
As of March 31, 2011

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust II
Collection Account Activity Report
For the Period of April 01, 2011 through April 30, 2011

Collections:
Principal Payments	279,879.97
Interest Payments	48,634.46
Total Principal and Interest Collections	328,514.43
Payments and Reversals Posted to Suspense	—
Total Collections	328,514.43
Less: Servicing Fees (not withheld from remittances)	(1,458.21	)
Net Collections	327,056.22

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust II
Service Fees Schedule
For the Period of April 01, 2011 through April 30, 2011

Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
04012011		30106904	COLLEGE OF SA		—		4,185.00		4,185.00		279,000.00		104.63
04012011		30107002	COLLEGE OF TH		—		3,896.88		3,896.88		215,000.00		80.63
04012011		30109604	DRURY COLLEGE		9,000.00		1,350.00		10,350.00		90,000.00		33.75
04012011		30110101	ELIZABETH CIT		0		2550		2550		170000		63.75
04012011		30112002	GEORGE FOX CO		10879.97		2733.83		13613.8		364510.13		136.69
04012011		30113601	HINDS JUNIOR		170000		5685		175685		379000		142.13
04012011		30130903	STEPHEN F AUS		0		5771.25		5771.25		342000		128.25
04012011		30136801	UNIVERSITY OF		0		5100		5100		340000		127.50
04012011		30137802	VILLANOVA UNI		60000		9150		69150		610000		228.75
04012011		30116201	LASSEN JUNIOR		25000		3810		28810		254000		95.25
04012011		30130301	SOUTHWEST TEX		0		12675		12675		845000		316.88
04012011		30101701	AZUSA PACIFIC		15000		1500		16500		80000		30.00
04012011		30108202	DAEMEN COLLEG		40000		3825		43825		255000		95.63
04012011		30109801	DYOUVILLE COL		60000		7868.03		67868.03		524535		196.70
04012011		30117801	MARIAN COLLEG		0		3300		3300		220000		82.50
04012011		30119001	MEMORIAL SLOA		95000		2598.75		97598.75		154000		57.75
04012011		30121101	NEW ENGLAND C		10000		975		10975		65000		24.38
04012011		30122802	OCCIDENTAL CO		0		2160		2160		144000		54.00
04012011		30123401	PAINE COLLEGE		0		5670		5670		377999.99		141.75
04012011		30132003	TAYLOR UNIVER		0		2940		2940		196000		73.50
04012011		30132402	TEXAS SOUTHER		40000		2275		42275		130000		48.75
04012011		30132904	TUFTS UNIVERS		0		20040		20040		1336000		501.00
04012011		30133201	UNIV STU COOP		80000		12300		92300		820000		307.50
04012011		30134002	UNIV CENTR AR		0		1170		1170		0		—
			TOTALS:		614,879.97		123,528.74		738,408.71		8,191,045.12		3,071.67

Page 2 of 10

Berkadia Commercial Mortgage
College and University Loan Trust II
Loans Paid in Full
For the Period of April 01, 2011 through April 30, 2011

Loan Number	Payoff Date	Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
none to report
TOTALS:			—		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Summary of Partial Prepayments
For the Period of April 01, 2011 through April 30, 2011

Loan Number	Date	Total Amount Paid		Principal Amount		Interest Amount
none to report
TOTAL:			—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of April 30, 2011

Loan Number	Borrower Name	Interest Rate		Current UPB		Maturity Date
30100103	ALABAMA AGRICULTURAL		3		895,000.00		5012018
30101601	AUBURN UNIVERSITY		3		1,135,000.00		12012018
30101701	AZUSA PACIFIC UNIVERSITY		3.75		80,000.00		4012015
30102604	BENEDICT COLLEGE		3		992,000.00		11012020
30102802	BETHANY COLLEGE - DORM BOND 1965		3.375		41,000.00		11012012
30102803	BETHANY COLLEGE - HALL BOND 1967		3		125,000.00		11012017
30102804	BETHANY COLLEGE - NOTE OF 1973		3		95,000.00		11012012
30103302	BRANDEIS UNIVERSITY		3		27,550.44		11012011
30104102	CALIFORNIA STATE UNIVERSITY,		3		300,000.00		11012013
30104201	TRUST SERVICES DIVISION		3		1,348,000.00		11012019
30104605	CARNEGIE MELLON		3		420,000.00		11012017
30104702	CARROLL COLLEGE 50560040		3.75		112,000.00		6012014
30104703	CARROLL COLLEGE 50560040		3		76,629.65		6012018
30104801	CARROLL COLLEGE - DORM BOND 1965		3.75		162,000.00		3012015
30105701	CHAMPLAIN COLLEGE, INC.		3		38,461.54		12012013
30106904	COLLEGE OF SANTA FE		3		279,000.00		10012018
30107002	COLLEGE OF THE HOLY CROSS		3.625		215,000.00		10012013
30108101	CUMBERLAND COLLEGE		3		148,000.00		8012017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		3		255,000.00		4012016
30109502	DREXEL UNIVERSITY		3.5		370,000.00		5012014
30109604	DRURY COLLEGE		3		81,000.00		4012015
30109801	DYOURVILLE COLLEGE		3		524,535.00		4012018
30110101	ELIZABETH CITY STATE UNIVERSITY		3		170,000.00		10012017
30110401	EMMANUEL COLLEGE		3		55,000.00		11012013
30110802	FAIRLEIGH DICKINSON UNIV		3		750,000.00		11012017
30111802	GANNON UNIV. - DORM BOND 1969, SER A		3		134,999.98		11012011
30112002	GEORGE FOX COLLEGE		3		353,630.16		7012018
30112301	GEORGETOWN UNIVERSITY		3		1,553,000.00		11012020
30112302	GEORGETOWN UNIVERSITY		4		4,115,000.00		11012020
30112901	HAMPSHIRE COLLEGE		3		80,903.13		7012013
30112902	HAMPSHIRE COLLEGE		3		336,552.06		2012014
30113601	HINDS JUNIOR COLLEGE		3		209,000.00		4012013
30113702	HIWASSEE COLLEGE		3		92,116.65		9152018
30114001	HOOD COLLEGE		3.625		84,000.00		11012014
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO		3		935,718.57		1012017
30116201	LASSEN JUNIOR COLLEGE		3		229,000.00		4012020
30117002	LONG ISLAND UNIVERSITY		3.625		200,876.35		6012014
30117402	LYCOMING COLLEGE		3.625		77,000.00		5012014
30117403	LYCOMING COLLEGE		3.75		124,999.99		5012015
30117501	LYNCHBURG COLLEGE		3.75		173,000.00		5012015
30117502	LYNCHBURG COLLEGE		3		310,000.00		5012018
30117602	MACALESTER COLLEGE		3		235,902.68		5012020
30117801	MARIAN COLLEGE OF FOND DU LAC		3		255,000.00		10012016
30118302	MARY BALDWIN COLLEGE		3.375		63,000.00		5012012
30118401	MARYMOUNT UNIVERSITY		3		335,000.00		5012016
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER		3.375		154,000.00		4012012
30119202	MERCER UNIV. ACCOUNTING OFFICE		3		151,884.45		5012014
30119801	MILLSAPS COLLEGE		3		360,000.00		11012021
30119903	MISSISSIPPI STATE UNIVERSITY		3		830,000.00		12012020
30120402	MORAVIAN COLLEGE		3.375		40,000.00		11012012

Page 7 of 10

Berkadia Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of April 30, 2011

Loan Number	Borrower Name	Interest Rate		Current UPB			Maturity Date
30120601	MORGAN STATE UNIVERSTIY		3		694,275.66			11012014
30121101	NEW ENGLAND COLLEGE		3		65,000.00			4012016
30121201	NEWARK BETH ISREAL MEDICAL CENTER		3.625		160,000.00			1012014
30121501	NORFOLK STATE UNIVERSITY		3		1,623,303.79			12012021
30122302	NORTHEASTERN UNIVERSITY		3		1,514,864.57			5012018
30122802	OCCIDENTAL COLLEGE		3		158,000.00			10012019
30123401	PAINE COLLEGE		3		434,999.99			10012016
30123701	UNIVERSITY OF THE ARTS		3		1,376,231.26			1012022
30125504	RIDER COLLEGE		3.625		595,000.00			11012013
30125506	RIDER COLLEGE		3		197,000.00			5012017
30127402	ST MARY’S SCHOOL		3		218,000.00			6012020
30127602	SAINT MICHAELS COLLEGE		3		494,343.62			5012013
30127801	SAINT PAULS COLLEGE		3		151,680.69			11012014
30128001	SAINT VINCENT COLLEGE		3.5		165,000.00			5012013
30128802	SETON HILL COLLEGE		3.625		106,000.00	��		11012014
30129101	SIMPSON COLLEGE - BOND 1966		3		130,000.00			7012016
30130301	SOUTHWEST TEXAS STATE UNIVERSITY		3		845,000.00			10012015
30130703	SPRINGFIELD COLLEGE		3.5		93,000.00			5012013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY		3.375		342,000.00			10012012
30132003	TAYLOR UNIVERSITY		3		261,000.00			10012013
30132402	TEXAS SOUTHERN UNIVERSITY		3.5		130,000.00			4012013
30132904	TUFTS UNIVERSITY		3		1,437,000.00			10012021
30133201	UNIV STUDENT COOP HOUSING		3		820,000.00			4012019
30134002	ARKANSAS STATE TEACHERS COLLEGE		3		3,000.00			4012005
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84		3		690,000.00			7012014
30136002	UNIVERSITY OF PUERTO RICO		3		169,000.00			6012011
30136801	UNIVERSITY OF ST THOMAS		3		340,000.00			10012019
30137702	VERMONT STATE COLLEGE		3		79,000.00			7012014
30137802	VILLANOVA UNIVERSITY		3		550,000.00			4012019
30137901	VINCENNES UNIVERSITY		3		2,370,000.00			6012023
30138001	VIRGINIA COMMONWEALTH		3		251,999.99			6012011
30138702	WESLEY COLLEGE		3.375		43,000.00			5012013
30140502	WITTENBERG UNIVERSITY		3		285,000.00			5012015
30140503	WITTENBERG UNIVERSITY		3		106,000.00			11012017
	TOTALS:				37,028,460.22

Page 8 of 10

Berkadia Commercial Mortgage
College and University Loan Trust II
Delinquency Report (60+ Days)
As of April 30, 2011

Loan Number	Borrower Name	Next Payment Due		P and I Due
30134002	ARKANSAS STATE TEACHERS COLLEGE		10/01/04		93,675.00
30118401	MARYMOUNT UNIVERSITY		11/01/08		102,725.00
30117002	LONG ISLAND UNIVERSITY		06/01/10		29,048.23
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)		10/01/10		47,650.00
30109801	DYOUVILLE COLLEGE		10/01/10		75,736.06
30117801	MARIAN COLLEGE OF FOND DU LAC		10/01/10		42,125.00
30122802	OCCIDENTAL COLLEGE		10/01/10		18,530.00
30123401	PAINE COLLEGE		10/01/10		69,195.00
30132003	TAYLOR UNIVERSITY		10/01/10		71,855.00
30132402	TEXAS SOUTHERN UNIVERSITY		10/01/10		44,550.00
30132904	TUFTS UNIVERSITY		10/01/10		142,595.00
30109502	DREXEL UNIVERSITY		11/01/10		6,475.00
30110401	EMMANUEL COLLEGE		11/01/10		13,825.00
30111802	GANNON UNIV. - DORM BOND 1969, SER A		11/01/10		67,025.00
30119202	MERCER UNIV.ACCOUNTING OFFICE		11/01/10		20,289.35
30119801	MILLSAPS COLLEGE		11/01/10		29,400.00
30122302	NORTHEASTERN UNIVERSITY		11/01/10		107,199.56
30125504	RIDER COLLEGE		11/01/10		140,274.98
30127602	SAINT MICHAELS COLLEGE		11/01/10		86,860.00
30101601	AUBURN UNIVERSITY		12/01/10		127,025.00
30129101	SIMPSON COLLEGE		01/01/11		1,950.00
30104801	CAROLL COLLEGE		03/01/11		33,037.00
TOTAL:					1,371,045.18

Berkadia Commercial Mortgage
College and University Loan Trust II
Liquidation Report
As of April 30, 2011

None to report for this period