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

Exhibit 99.5

GMAC Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Quarter Ended March 31, 2006

	January		February		March
Collections:
Principal Payments	191,218.20		45,863.74		536,691.42
Interest Payments	83,584.37		17,079.68		56,287.83
Total Principal and Interest Collections	274,802.57		62,943.42		592,979.25
Payments and Reversals Posted to Suspense	—		(450.00	)	—
Total Collections	274,802.57		62,493.42		592,979.25
Less: Servicing Fees (not withheld from remittances)	(3,009.34	)	(415.74	)	(331.99	)
Net Collections	271,793.23		62,077.68		592,647.26

GMAC Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Quarter Ended March  31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
January
1012006	30100102	ALABAMA AGRIC	0.00	1,125.00	1,125.00	0.00	—
1012006	30105404	CENTRAL MISSO	0.00	3,675.00	3,675.00	245,000.00	91.88
1012006	30111202	FLORIDA ATLAN	0.00	750.00	750.00	50,000.00	18.75
1012006	30112002	GEORGE FOX CO	9,299.97	4,313.83	13,613.80	575,176.88	215.69
1012006	30112901	HAMPSHIRE COL	13,330.40	3,585.68	16,916.08	239,045.19	89.64
1012006	30114802	INTER AMERICA	66,863.19	25,934.01	92,797.20	1,728,934.13	648.35
1012006	30117204	LOUISIANA STA	0.00	570.00	570.00	0.00	—
1012006	30117205	LOUISIANA STA	0.00	225.00	225.00	15,000.00	5.63
1012006	30120501	MOREHOUSE COL	0.00	6,749.99	6,749.99	449,999.50	168.75
1012006	30121201	NEWARK BETH I	40,000.00	7,884.37	47,884.37	435,000.00	163.13
1012006	30123701	PHILADELPHIA	45,218.20	28,690.00	73,908.20	1,912,666.64	717.25
1012006	30129101	SIMPSON COLLE	0.00	3,330.00	3,330.00	222,000.00	83.25
1012006	30131003	FIRST UNIONAT	28,000.00	420.00	28,420.00	28,000.00	10.50
1012006	30132301	TEXAS A & I U	0.00	4,215.00	4,215.00	281,000.00	105.38
1012006	30134402	UNIVERSITY OF	0.00	21,750.00	21,750.00	1,450,000.00	543.75
1012006	30135701	UNIVERSITY OF	70,000.00	3,225.00	73,225.00	215,000.00	80.63
1012006	30135702	UNIV N CAROLI	8,000.00	195.00	8,195.00	13,000.00	4.88
1012006	30137702	VERMONT STATE	0.00	2,475.00	2,475.00	165,000.00	61.88
							—
							—
		TOTALS:	280,711.76	119,112.88	399,824.64	8,024,822.34	3,009.34

GMAC Commercial Mortgage

College and University Loan Trust II

Paid In Full Loan Schedule

For the Quarter Ended March 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
30131003	07-20-64	28,000.00	28,000.00	—	—	1012006
30101102	02-03-65	35,525.00	35,000.00	525.00	—	3012006
30111901	03-04-65	12,180.00	12,000.00	180.00	—	4012006
30120701	03-05-65	56,031.25	55,000.00	1,031.25	—	5012007
30120706	03-05-65	203,000.00	200,000.00	3,000.00	—	5012010
TOTALS		334,736.25	330,000.00	4,736.25	—

* Please note that service fees have not yet been deducted.

College and University Loan Trust II

Summary of Partial Prepayments

For Quarter ending March 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
********* NONE TO REPORT*********
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust II

Trial Balance

For Quarter ending March 31,2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
January
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,375,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101102	ANDERSON COLLEGE	3.00	35,000.00	3-01-2006
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	146,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE- NOTE OF 1973	3.00	305,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	153,641.54	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	610,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	120,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	720,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	230,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	118,992.19	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	324,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	101,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	245,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	95,399.38	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	722,553.53	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107601	CONCORDIA COLLEGE	3.00	66,000.00	4-01-2009
30107701	CONCORDIA COLLEGE	3.00	555,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	228,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	435,000.00	4-01-2016
30108301	DAKOTA WESLEYAN UNIVERSITY	3.00	145,000.00	10-01-2015
30108801	DILLARD UNIVERSITY	3.00	69,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	294,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	800,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	185,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	238,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	801,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	125,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111202	FLORIDA ATLANTIC UNIVERSITY-SER A	3.00	50,000.00	7-01-2006

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
January
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011
30111803	GANNON UNIVERSITY	3.00	161,490.00	12-01-2022
30111901	GAVILAN COLLEGE	3.00	12,000.00	4-01-2006
30112002	GEORGE FOX COLLEGE	3.00	565,876.91	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	225,714.79	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	880,645.60	2-01-2014
30113401	HESSTON COLLEGE	3.00	23,000.00	4-01-2006
30113501	HIGH POINT COLLEGE	3.00	154,000.00	12-01-2010
30113601	HINDS JUNIOR COLLEGE	3.00	1,169,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	147,772.18	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,164,323.49	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	255,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	24,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,662,070.94	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	715,000.00	6-01-2009
30115803	KNOX COLLEGE - DORM BONDS 1966	3.00	50,000.00	4-01-2006
30115901	LA GRANGE COLLEGE	3.00	135,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	359,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116903	LONG ISLAND UNIVERSITY	3.00	91,185.31	11-01-2009
30116904	LONG ISLAND UNIVERSITY	3.00	318,746.80	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	360,000.00	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	160,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	224,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	338,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	480,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	339,312.14	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	243,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	440,000.00	5-01-2016
30118701	MCLENNAN COMMUNITY COLLEGE	3.00	105,000.00	4-01-2006
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	584,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	302,466.43	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	449,999.50	7-01-2010

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
January
30120601	MORGAN STATE UNIVERSTIY	3.00	1,453,538.35	11-01-2014
30120701	MORRIS BROWN COLLEGE	3.75	55,000.00	5-01-2007
30120705	MORRIS BROWN COLLEGE	3.00	910,000.00	5-01-2018
30120706	MORRIS BROWN COLLEGE	3.00	200,000.00	5-01-2010
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	111,000.00	4-01-2016
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,202,708.12	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,221,132.74	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OF THE ARTS	3.00	1,867,448.44	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	135,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	322,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	35,583.51	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	485,000.00	5-01-2016
30127402	ST MARY'S COLLEGE	3.00	315,000.00	6-01-2020
30127602	SAINT MICHAELS COLLEGE	3.00	1,158,543.67	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	95,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	317,559.01	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	400,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	870,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	222,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	236,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	138,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,570,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	66,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	283,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	1,107,000.00	10-01-2012
30131702	TALLADEGA COLLEGE	3.00	265,895.00	12-01-2012
30132002	TAYLOR UNIVERSITY	3.00	158,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	501,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	281,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	315,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	222,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,813,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,325,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	645,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	130,000.00	10-01-2007
30134304	UNIVERSITY OF DELAWARE	3.00	170,000.00	11-01-2006
30134305	UNIVERSITY OF DELAWARE	3.00	489,000.00	12-01-2018

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
January
30134402	UNIVERSITY OF FLORIDA / REV. CERTS., 84	3.00	1,450,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	145,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	5,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	929,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	491,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	164,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	212,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	160,000.00	6-01-2008
30137702	VERMONT STATE COLLEGE	3.00	165,000.00	7-01-2014
30137802	VILLANOVA UNIVERSITY	3.00	885,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	3,060,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,366,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	126,000.00	11-01-2009
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	94,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	134,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	200,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	525,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	20,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	12,411.56	5-01-2011
30140502	WITTENBERG UNIVERSITY	3.00	525,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	170,000.00	11-01-2017
30140601	THE COLLEGE OF WOOSTER	3.00	16,920.20	3-30-2009
30141001	YORK HOSPITAL	3.00	277,000.00	5-01-2020
	TOTALS:		80,348,466.28
February
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,375,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101102	ANDERSON COLLEGE	3.00	35,000.00	3-01-2006
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	146,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE- NOTE OF 1973	3.00	305,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	153,641.54	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	610,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	120,000.00	5-01-2009

4

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
January
30104605	CARNEGIE MELLON	3.00	720,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	230,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	118,992.19	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	324,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	101,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	245,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	95,399.38	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	722,553.53	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107601	CONCORDIA COLLEGE	3.00	66,000.00	4-01-2009
30107701	CONCORDIA COLLEGE	3.00	555,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	228,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	435,000.00	4-01-2016
30108301	DAKOTA WESLEYAN UNIVERSITY	3.00	145,000.00	10-01-2015
30108801	DILLARD UNIVERSITY	3.00	69,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	294,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	800,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	185,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	238,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	801,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	125,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111202	FLORIDA ATLANTIC UNIVERSITY-SER A	3.00	50,000.00	7-01-2006
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011
30111803	GANNON UNIVERSITY	3.00	161,490.00	12-01-2022
30111901	GAVILAN COLLEGE	3.00	12,000.00	4-01-2006
30112002	GEORGE FOX COLLEGE	3.00	565,876.91	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	225,714.79	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	834,781.86	2-01-2014
30113401	HESSTON COLLEGE	3.00	23,000.00	4-01-2006
30113501	HIGH POINT COLLEGE	3.00	154,000.00	12-01-2010
30113601	HINDS JUNIOR COLLEGE	3.00	1,169,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	147,772.18	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,164,323.49	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	255,000.00	4-01-2014

5

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
January
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	24,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,662,070.94	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	715,000.00	6-01-2009
30115803	KNOX COLLEGE - DORM BONDS 1966	3.00	50,000.00	4-01-2006
30115901	LA GRANGE COLLEGE	3.00	135,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	359,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116903	LONG ISLAND UNIVERSITY	3.00	91,185.31	11-01-2009
30116904	LONG ISLAND UNIVERSITY	3.00	318,746.80	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	360,000.00	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	160,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	224,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	338,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	480,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	339,312.14	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	243,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	440,000.00	5-01-2016
30118701	MCLENNAN COMMUNITY COLLEGE	3.00	105,000.00	4-01-2006
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	584,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	302,466.43	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	449,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,453,538.35	11-01-2014
30120701	MORRIS BROWN COLLEGE	3.75	55,000.00	5-01-2007
30120705	MORRIS BROWN COLLEGE	3.00	910,000.00	5-01-2018
30120706	MORRIS BROWN COLLEGE	3.00	200,000.00	5-01-2010
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	111,000.00	4-01-2016
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,202,708.12	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,221,132.74	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OFTHE ARTS	3.00	1,867,448.44	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	135,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	322,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	35,583.51	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	485,000.00	5-01-2016
30127402	ST MARY'S COLLEGE	3.00	315,000.00	6-01-2020

6

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
January
30127602	SAINT MICHAELS COLLEGE	3.00	1,158,543.67	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	95,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	317,559.01	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	400,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	870,000.00	11-01-2018

7

GMAC Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

For Quarter ending March 31, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
30108301	DAKOTA WESLEY	4-01-2004	28,400.00	145,000.00
30133201	UNIVERSITY STU COOP	4-01-2004	210,525.00	1,325,000.00
30104801	CARROLL COLLE	9-01-2004	41,775.00	324,000.00
30107601	CONCORDIA COLLEGE	10-01-2004	18,730.00	66,000.00
30134002	UNIV CENTR AR	10-01-2004	80,805.00	78,000.00
30131702	TALLADEGA COL	06-01-2005	33,705.00	265,895.00
30100102	ALAMBAMA AGRICULTURE	01-01-2006	1,125.00	75,000.00
30117204	LOUISIANA STATE	01-01-2006	570.00	38,000.00

GMAC Commercial Mortgage

College and University Loan Trust II

Liquidation Report

For Quarter ending March 31, 2006

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Quarter Ended June 30, 2006

	April		May	June
Collections:
Principal Payments	1,417,997.23		1,466,756.19	2,159,770.10
Interest Payments	256,100.98		681,861.21	240,230.35
Total Principal and Interest Collections	1,674,098.21		2,148,617.40	2,400,000.45
Payments and Reversals Posted to Suspense	—		148,262.51	8,339.99
Total Collections	1,674,098.21		2,296,879.91	2,408,340.44
Less: Servicing Fees (not withheld from remittances)	(4,391.65	)	13,876.20	5,264.89
Net Collections	1,669,706.56		2,310,756.11	2,413,605.33

GMAC Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Quarter Ended June  30, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
April
4012006	30100201	ALBION COLLEG	—	720.00	720.00	48,000.00	18.00
4012006	30101701	AZUSA PACIFIC	12,000.00	2,737.50	14,737.50	146,000.00	54.75
4012006	30104401	CAMERON UNIVE	305,000.00	9,150.00	314,150.00	610,000.00	228.75
4012006	30105801	CHAPMAN COLLE	20,000.00	5,250.00	25,250.00	350,000.00	131.25
4012006	30106902	COLLEGE OF SA	—	435.00	435.00	—	—
4012006	30106904	COLLEGE OF SA	—	6,525.00	6,525.00	435,000.00	163.13
4012006	30107002	COLLEGE OF TH	—	11,056.25	11,056.25	610,000.00	228.75
4012006	30107003	COLLEGE OF TH	—	1,650.00	1,650.00	110,000.00	41.25
4012006	30107601	CONCORDIA COL	16,000.00	750.00	16,750.00	50,000.00	18.75
4012006	30108202	DAEMEN COLLEG	35,000.00	6,525.00	41,525.00	435,000.00	163.13
4012006	30108301	DAKOTA WESLEY	—	1,875.00	1,875.00	125,000.00	46.88
4012006	30108801	DILLARD UNIVE	31,000.00	1,035.00	32,035.00	69,000.00	25.88
4012006	30109301	DOWLING COLLE	27,000.00	4,410.00	31,410.00	294,000.00	110.25
4012006	30109604	DRURY COLLEGE	9,000.00	2,775.00	11,775.00	185,000.00	69.38
4012006	30109605	DRURY COLLEGE	22,000.00	3,570.00	25,570.00	238,000.00	89.25
4012006	30109801	DYOUVILLE COL	52,000.00	12,023.02	64,023.02	801,535.00	300.58
4012006	30110101	ELIZABETH CIT	—	4,050.00	4,050.00	270,000.00	101.25
4012006	30111603	FT HAYS STATE	—	600.00	600.00	40,000.00	15.00
4012006	30111901	GAVILAN COLLE	12,000.00	180.00	12,180.00	12,000.00	4.50
4012006	30112002	GEORGE FOX CO	9,369.72	4,244.08	13,613.80	565,876.91	212.20
4012006	30113401	HESSTON COLLE	23,000.00	345.00	23,345.00	23,000.00	8.63
4012006	30113601	HINDS JUNIOR	150,000.00	17,535.00	167,535.00	1,169,000.00	438.38
4012006	30114201	HOUSTON TILLO	25,000.00	4,462.50	29,462.50	255,000.00	95.63
4012006	30114302	HUNTINGDON CO	—	1,350.00	1,350.00	90,000.00	33.75
4012006	30115803	KNOX COLLEGE	50,000.00	750.00	50,750.00	50,000.00	18.75
4012006	30116102	LANGSTON UNIV	135,000.00	4,125.00	139,125.00	410,000.00	153.75
4012006	30116201	LASSEN JUNIOR	20,000.00	5,385.00	25,385.00	359,000.00	134.63
4012006	30116801	LINFIELD COLL	—	885.00	885.00	59,000.00	22.13
4012006	30117801	MARIAN COLLEG	—	5,625.00	5,625.00	375,000.00	140.63
4012006	30118701	MCLENNAN COMM	105,000.00	1,575.00	106,575.00	105,000.00	39.38
4012006	30119001	MEMORIAL SLOA	80,000.00	9,855.00	89,855.00	584,000.00	219.00
4012006	30121101	NEW ENGLAND C	9,000.00	1,665.00	10,665.00	111,000.00	41.63
4012006	30122802	OCCIDENTAL CO	—	3,120.00	3,120.00	208,000.00	78.00
4012006	30123401	PAINE COLLEGE	—	9,690.00	9,690.00	645,999.99	242.25
4012006	30125401	RHODE ISLAND	—	525.00	525.00	—	—
4012006	30127703	ST NORBERT CO	51,000.00	1,425.00	52,425.00	95,000.00	35.63
4012006	30129402	SOUTHEAST MIS	165,000.00	3,540.00	168,540.00	236,000.00	88.50
4012006	30129802	SOUTHERN METH	0.00	2,070.00	2,070.00	138,000.00	51.75
4012006	30130301	SOUTHWEST TEX	0.00	23,550.00	23,550.00	1,570,000.00	588.75
4012006	30130903	STEPHEN F AUS	0.00	18,680.63	18,680.63	1,107,000.00	415.13
4012006	30132002	TAYLOR UNIVER	0.00	2,370.00	2,370.00	158,000.00	59.25
4012006	30132003	TAYLOR UNIVER	0.00	7,515.00	7,515.00	501,000.00	187.88
4012006	30132402	TEXAS SOUTHER	35,000.00	5,512.50	40,512.50	315,000.00	118.13
4012006	30132904	TUFTS UNIVERS	0.00	27,195.00	27,195.00	1,813,000.00	679.88
4012006	30133201	UNIV STU COOP	70,000.00	17,850.00	87,850.00	1,190,000.00	446.25
4012006	30134002	UNIV CENTR AR	0.00	1,170.00	1,170.00	0.00	—

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
4012006	30134101	UNIVERSITY OF	0.00	1,950.00	1,950.00	130,000.00	48.75
4012006	30134901	UNIVERSITY OF	0.00	7,031.25	7,031.25	0.00	—
4012006	30136801	UNIVERSITY OF	0.00	7,365.00	7,365.00	491,000.00	184.13
4012006	30136901	UNIVERSITY OF	31,000.00	2,562.50	33,562.50	164,000.00	61.50
4012006	30137802	VILLANOVA UNI	50,000.00	13,275.00	63,275.00	885,000.00	331.88
4012006	30138302	WARTBURG COLL	13,000.00	1,631.25	14,631.25	87,000.00	32.63
4012006	30139001	WEST VALLEY C	50,000.00	3,000.00	53,000.00	200,000.00	75.00
4012006	30139504	WESTERN WASHI	0.00	1,312.50	1,312.50	0.00	—
4012006	30140003	WHEATON COLLE	60,000.00	9,187.50	69,187.50	525,000.00	196.88
							(446.25	)
							—
							(46.88	)
							(18.75	)
							(18.00	)
		TOTALS:	1,672,369.72	304,646.48	1,977,016.20	19,443,411.90	6,761.51

GMAC Commercial Mortgage

College and University Loan Trust II

Paid In Full Loan Schedule

For the Quarter Ended June 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
30113401	60410	23,345.00	23,000.00	345.00	—	4012006
30115803	60407	50,750.00	50,000.00	750.00	—	4012006
30116903	60427	92,553.09	91,185.31	1,367.78	—	11012009
30118701	60404	106,575.00	105,000.00	1,575.00	—	4012006
30107601	60530	66,000.00	66,000.00	—	—	4012009
30113501	60505	156,310.00	154,000.00	2,310.00	—	12012010
30120705	60607	923,650.00	910,000.00	13,650.00	—	5012018
30131702	60626	262,000.00	262,000.00	—	—	12012012
TOTALS		1,681,183.09	1,661,185.31	19,997.78	—

* Please note that service fees have not yet been deducted.

GMAC Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For Quarter ending June 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
30122302	60503	0.01	0.01	0
30127602	60504	0.01	0.01	0.00
	TOTAL:	0.01	0.01	—

GMAC Commercial Mortgage

College and University Loan Trust II

Trial Balance

For Quarter ending June 30,2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
April
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,375,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101102	ANDERSON COLLEGE	3.00	35,000.00	3-01-2006
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	146,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	305,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	153,641.54	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	610,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	120,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	720,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	230,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	118,992.19	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	324,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	101,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	245,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	95,399.38	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	722,553.53	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107601	CONCORDIA COLLEGE	3.00	66,000.00	4-01-2009
30107701	CONCORDIA COLLEGE	3.00	555,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	228,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	435,000.00	4-01-2016
30108301	DAKOTA WESLEYAN UNIVERSITY	3.00	145,000.00	10-01-2015
30108801	DILLARD UNIVERSITY	3.00	69,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	294,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	800,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	185,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	238,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	801,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	125,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111202	FLORIDA ATLANTIC UNIVERSITY-SER A	3.00	50,000.00	7-01-2006

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
April
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011
30111803	GANNON UNIVERSITY	3.00	161,490.00	12-01-2022
30111901	GAVILAN COLLEGE	3.00	12,000.00	4-01-2006
30112002	GEORGE FOX COLLEGE	3.00	565,876.91	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	225,714.79	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	880,645.60	2-01-2014
30113401	HESSTON COLLEGE	3.00	23,000.00	4-01-2006
30113501	HIGH POINT COLLEGE	3.00	154,000.00	12-01-2010
30113601	HINDS JUNIOR COLLEGE	3.00	1,169,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	147,772.18	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,164,323.49	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	255,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	24,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,662,070.94	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	715,000.00	6-01-2009
30115803	KNOX COLLEGE - DORM BONDS 1966	3.00	50,000.00	4-01-2006
30115901	LA GRANGE COLLEGE	3.00	135,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	359,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116903	LONG ISLAND UNIVERSITY	3.00	91,185.31	11-01-2009
30116904	LONG ISLAND UNIVERSITY	3.00	318,746.80	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	360,000.00	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	160,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	224,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	338,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	480,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	339,312.14	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	243,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	440,000.00	5-01-2016
30118701	MCLENNAN COMMUNITY COLLEGE	3.00	105,000.00	4-01-2006
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	584,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	302,466.43	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	449,999.50	7-01-2010

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
April
30120601	MORGAN STATE UNIVERSTIY	3.00	1,453,538.35	11-01-2014
30120701	MORRIS BROWN COLLEGE	3.75	55,000.00	5-01-2007
30120705	MORRIS BROWN COLLEGE	3.00	910,000.00	5-01-2018
30120706	MORRIS BROWN COLLEGE	3.00	200,000.00	5-01-2010
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	111,000.00	4-01-2016
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,202,708.12	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,221,132.74	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OF THE ARTS	3.00	1,867,448.44	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	135,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	322,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	35,583.51	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	485,000.00	5-01-2016
30127402	ST MARY’S COLLEGE	3.00	315,000.00	6-01-2020
30127602	SAINT MICHAELS COLLEGE	3.00	1,158,543.67	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	95,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	317,559.01	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	400,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	870,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	222,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	236,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	138,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,570,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	66,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	283,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	1,107,000.00	10-01-2012
30131702	TALLADEGA COLLEGE	3.00	265,895.00	12-01-2012
30132002	TAYLOR UNIVERSITY	3.00	158,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	501,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	281,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	315,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	222,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,813,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,325,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	645,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	130,000.00	10-01-2007
30134304	UNIVERSITY OF DELAWARE	3.00	170,000.00	11-01-2006
30134305	UNIVERSITY OF DELAWARE	3.00	489,000.00	12-01-2018

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
April
30134402	UNIVERSITY OF FLORIDA / REV. CERTS., 84	3.00	1,450,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	145,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	5,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	929,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	491,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	164,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	212,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	160,000.00	6-01-2008
30137702	VERMONT STATE COLLEGE	3.00	165,000.00	7-01-2014
30137802	VILLANOVA UNIVERSITY	3.00	885,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	3,060,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,366,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	126,000.00	11-01-2009
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	94,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	134,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	200,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	525,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	20,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	12,411.56	5-01-2011
30140502	WITTENBERG UNIVERSITY	3.00	525,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	170,000.00	11-01-2017
30140601	THE COLLEGE OF WOOSTER	3.00	16,920.20	3-30-2009
30141001	YORK HOSPITAL	3.00	277,000.00	5-01-2020
	TOTALS:		80,348,466.28
May
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,285,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	134,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	285,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	141,860.32	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	305,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	90,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	695,000.00	11-01-2017

4

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
April
30104702	CARROLL COLLEGE	3.75	230,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	118,992.19	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	274,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	88,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	245,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	90,079.44	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	705,471.33	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107701	CONCORDIA COLLEGE	3.00	525,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	228,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	400,000.00	4-01-2016
30108301	DAKOTA WESLEYAN UNIVERSITY	3.00	145,000.00	10-01-2015
30108801	DILLARD UNIVERSITY	3.00	38,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	267,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	720,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	176,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	216,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	749,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	125,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111202	FLORIDA ATLANTIC UNIVERSITY-SER A	3.00	50,000.00	7-01-2006
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011
30111803	GANNON UNIVERSITY	3.00	161,490.00	12-01-2022
30112002	GEORGE FOX COLLEGE	3.00	556,507.19	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	225,714.79	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	834,781.86	2-01-2014
30113601	HINDS JUNIOR COLLEGE	3.00	1,019,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	143,080.76	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,088,964.62	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	230,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	24,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,662,070.94	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	715,000.00	6-01-2009
30115901	LA GRANGE COLLEGE	3.00	105,000.00	3-01-2009

5

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
April
30116201	LASSEN JUNIOR COLLEGE	3.00	339,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116904	LONG ISLAND UNIVERSITY	3.00	280,948.50	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	360,000.00	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	145,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	204,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	308,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	450,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	329,650.16	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	208,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	405,000.00	5-01-2016
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	504,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	286,714.08	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	449,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,382,597.27	11-01-2014
30120705	MORRIS BROWN COLLEGE	3.00	910,000.00	5-01-2018
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	102,000.00	4-01-2016
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,202,708.12	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,147,250.15	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OF THE ARTS	3.00	1,867,448.44	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	120,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	297,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	30,500.18	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	450,000.00	5-01-2016
30127402	ST MARY’S COLLEGE	3.00	315,000.00	6-01-2020
30127602	SAINT MICHAELS COLLEGE	3.00	1,089,061.82	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	44,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	317,559.01	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	355,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	840,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	222,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	71,000.00	4-01-2007

6

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
April
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	138,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,570,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	66,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	248,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	1,107,000.00	10-01-2012
30131702	TALLADEGA COLLEGE	3.00	262,000.00	12-01-2012

7

GMAC Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

For Quarter ending June 30, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
30108301	DAKOTA WESLEY	4-01-2004	28,400.00	145,000.00
30133201	UNIVERSITY STU COOP	4-01-2004	210,525.00	1,325,000.00
30104801	CARROLL COLLE	9-01-2004	41,775.00	324,000.00
30107601	CONCORDIA COLLEGE	10-01-2004	18,730.00	66,000.00
30134002	UNIV CENTR AR	10-01-2004	80,805.00	78,000.00
30131702	TALLADEGA COL	06-01-2005	33,705.00	265,895.00
30100102	ALAMBAMA AGRICULTURE	01-01-2006	1,125.00	75,000.00
30117204	LOUISIANA STATE	01-01-2006	570.00	38,000.00

GMAC Commercial Mortgage

College and University Loan Trust II

Liquidation Report

For Quarter ending June 30, 2006

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of December 1, 2005 through December 31, 2005

Collections:
Principal Payments	739,970.63
Interest Payments	262,655.90
Total Principal and Interest Collections	1,002,626.53
Payments and Reversals Posted to Suspense	(181,685.00	)
Total Collections	820,941.53
Less: Servicing Fees (not withheld from remittances)	(5,802.65	)
Net Collections	815,138.88

GMAC Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of December 1, 2005 through December 31, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
12-01-2005	30101601	AUBURN UNIVER	95,000.00	24,750.00	119,750.00	1,650,000.00	618.75
12-01-2005	30104702	CARROLL COLLE	0.00	4,312.50	4,312.50	230,000.00	86.25
12-01-2005	30104703	CARROLL COLLE	3,899.62	1,843.37	5,742.99	122,891.81	46.08
12-01-2005	30105101	CATAWBA COLLE	12,000.00	1,695.00	13,695.00	113,000.00	42.38
12-01-2005	30105701	CHAMPLAIN COL	5,241.33	1,509.60	6,750.93	100,640.71	37.74
12-01-2005	30106401	COKER COLLEGE	14,000.00	1,080.00	15,080.00	71,999.99	27.00
12-01-2005	30111803	GANNON UNIVER	3,621.51	2,476.67	6,098.18	165,111.51	61.92
12-01-2005	30112202	GEORGETOWN CO	53,000.00	3,270.00	56,270.00	218,000.00	81.75
12-01-2005	30112203	GEORGETOWN CO	85,000.00	6,600.00	91,600.00	440,000.00	165.00
12-01-2005	30113501	HIGH POINT CO	14,000.00	2,520.00	16,520.00	168,000.00	63.00
12-01-2005	30115001	JAMES MADISON	0.00	10,725.00	10,725.00	715,000.00	268.13
12-01-2005	30116601	LENOIR RHYNE	25,000.00	660.00	25,660.00	44,000.00	16.50
12-01-2005	30117002	LONG ISLAND U	0.00	6,525.00	6,525.00	360,000.00	135.00
12-01-2005	30119903	MISSISSIPPI S	65,000.00	18,450.00	83,450.00	1,230,000.00	461.25
12-01-2005	30121501	NORFOLK STATE	53,336.12	33,840.66	87,176.78	2,256,044.24	846.02
12-01-2005	30122701	NOVA UNIVERSI	45,000.00	2,025.00	47,025.00	135,000.00	50.63
12-01-2005	30127402	ST MARY’S COL	9,000.00	4,860.00	13,860.00	324,000.00	121.50
12-01-2005	30131702	TALLADEGA COL	15,000.00	3,705.00	18,705.00	247,000.00	92.63
12-01-2005	30134305	UNIVERSITY OF	15,000.00	7,560.00	22,560.00	504,000.00	189.00
12-01-2005	30136002	UNIVERSITY OF	0.00	13,935.00	13,935.00	929,000.00	348.38
12-01-2005	30137701	VERMONT STATE	0.00	2,400.00	2,400.00	160,000.00	60.00
12-01-2005	30137901	VINCENNES UNI	0.00	45,900.00	45,900.00	3,060,000.00	1,147.50
12-01-2005	30138001	VIRGINIA COMM	0.00	20,505.00	20,505.00	1,366,999.99	512.62
		TOTALS:	513,098.58	221,147.80	734,246.38	14,610,688.25	5,479.03

1

GMAC Commercial Mortgage

College and University Loan Trust II

Paid in full Schedule

For the Period of December 1, 2005 through December 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
30116601	12-19-05	44,660.00	44,000.00	660.00	—	12/1/2006
30122701	12-06-05	137,025.00	135,000.00	2,025.00	—	12/1/2007
30138302	12-27-05	88,631.25	87,000.00	1,631.25	—	4/1/2011
TOTALS:		—	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of December 1, 2005 through December 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report this period
TOTAL:		—	—	—

GMAC Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of December 31, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,375,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101102	ANDERSON COLLEGE	3.00	35,000.00	3-01-2006
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	146,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	305,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	153,641.54	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	610,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	120,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	720,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	230,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	118,992.19	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	324,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	101,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	245,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	95,399.38	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	722,553.53	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107601	CONCORDIA COLLEGE	3.00	66,000.00	4-01-2009
30107701	CONCORDIA COLLEGE	3.00	555,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	228,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	435,000.00	4-01-2016
30108301	DAKOTA WESLEYAN UNIVERSITY	3.00	145,000.00	10-01-2015
30108801	DILLARD UNIVERSITY	3.00	69,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	294,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	800,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	185,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	238,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	801,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	125,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111202	FLORIDA ATLANTIC UNIVERSITY-SER A	3.00	50,000.00	7-01-2006
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30111803	GANNON UNIVERSITY	3.00	161,490.00	12-01-2022
30111901	GAVILAN COLLEGE	3.00	12,000.00	4-01-2006
30112002	GEORGE FOX COLLEGE	3.00	565,876.91	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	225,714.79	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	880,645.60	2-01-2014
30113401	HESSTON COLLEGE	3.00	23,000.00	4-01-2006
30113501	HIGH POINT COLLEGE	3.00	154,000.00	12-01-2010
30113601	HINDS JUNIOR COLLEGE	3.00	1,169,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	147,772.18	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,164,323.49	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	255,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	24,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,662,070.94	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	715,000.00	6-01-2009
30115803	KNOX COLLEGE - DORM BONDS 1966	3.00	50,000.00	4-01-2006
30115901	LA GRANGE COLLEGE	3.00	135,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	359,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116903	LONG ISLAND UNIVERSITY	3.00	91,185.31	11-01-2009
30116904	LONG ISLAND UNIVERSITY	3.00	318,746.80	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	360,000.00	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	160,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	224,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	338,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	480,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	339,312.14	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	243,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	440,000.00	5-01-2016
30118701	MCLENNAN COMMUNITY COLLEGE	3.00	105,000.00	4-01-2006
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	584,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	302,466.43	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	449,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,453,538.35	11-01-2014
30120701	MORRIS BROWN COLLEGE	3.75	55,000.00	5-01-2007
30120705	MORRIS BROWN COLLEGE	3.00	910,000.00	5-01-2018
30120706	MORRIS BROWN COLLEGE	3.00	200,000.00	5-01-2010
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	111,000.00	4-01-2016

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	435,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,202,708.12	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,221,132.74	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OF THE ARTS	3.00	1,912,666.64	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	135,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	322,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	35,583.51	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	485,000.00	5-01-2016
30127402	ST MARY’S COLLEGE	3.00	315,000.00	6-01-2020
30127602	SAINT MICHAELS COLLEGE	3.00	1,158,543.67	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	95,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	317,559.01	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	400,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	870,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	222,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	236,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	138,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,570,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	66,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	283,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	1,107,000.00	10-01-2012
30131003	JOHN B. STETSON UNIVERSITY	3.00	28,000.00	1-01-2006
30131702	TALLADEGA COLLEGE	3.00	265,895.00	12-01-2012
30132002	TAYLOR UNIVERSITY	3.00	158,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	501,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	281,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	315,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	222,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,813,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,325,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	645,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	130,000.00	10-01-2007
30134304	UNIVERSITY OF DELAWARE	3.00	170,000.00	11-01-2006
30134305	UNIVERSITY OF DELAWARE	3.00	489,000.00	12-01-2018
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84	3.00	1,450,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	215,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	13,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	929,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	491,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	164,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	212,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	160,000.00	6-01-2008

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30137702	VERMONT STATE COLLEGE	3.00	165,000.00	7-01-2014
30137802	VILLANOVA UNIVERSITY	3.00	885,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	3,060,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,366,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	126,000.00	11-01-2009
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	94,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	134,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	200,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	525,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	20,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	12,411.56	5-01-2011
30140502	WITTENBERG UNIVERSITY	3.00	525,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	170,000.00	11-01-2017
30140601	THE COLLEGE OF WOOSTER	3.00	16,920.20	3-30-2009
30141001	YORK HOSPITAL	3.00	277,000.00	5-01-2020
	TOTALS:		80,539,684.48

4

GMAC Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of December 31, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
30108301	DAKOTA WESLEY	4-01-2004	28,400.00	145,000.00
30133201	UNIVERSITY STU COOP	4-01-2004	210,525.00	1,325,000.00
30104801	CARROLL COLLE	9-01-2004	41,775.00	324,000.00
30107601	CONCORDIA COLLEGE	10-01-2004	18,730.00	66,000.00
30134002	UNIV CENTR AR	10-01-2004	80,805.00	78,000.00
30131702	TALLADEGA COL	06-01-2005	33,705.00	265,895.00
TOTAL:			413,940.00	2,203,895.00

GMAC Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of December 31, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report for December 2005

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid		Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20051201	12012005	30101601	AUBURN UNIVERSITY	95,000.00	24,750.00	119,750.00	1,650,000.00	95,000.00	24,750.00	0.00		119,750.00
20051201	12012005	30104702	CARROLL COLLEGE	—	4,312.50	4,312.50	230,000.00	—	4,312.50	—		4,312.50
20051201	12012005	30105701	CHAMPLAIN COLLEGE, INC.	5,241.33	1,509.60	6,750.93	100,640.71	5,241.33	1,509.60	—		6,750.93
20051201	12012005	30112202	GEORGETOWN COLLEGE	53,000.00	3,270.00	56,270.00	218,000.00	53,000.00	3,270.00	—		56,270.00
20051201	12012005	30112203	GEORGETOWN COLLEGE	85,000.00	6,600.00	91,600.00	440,000.00	85,000.00	6,600.00	—		91,600.00
20051201	12012005	30115001	JAMES MADISON UNIVERSITY	—	10,725.00	10,725.00	715,000.00	—	10,725.00	—		10,725.00
20051201	12012005	30117002	LONG ISLAND UNIVERSITY	—	6,525.00	6,525.00	360,000.00	—	6,525.00	—		6,525.00
20051201	12012005	30121501	NORFOLK STATE UNIVERSITY	53,336.12	33,840.66	87,176.78	2,256,044.24	53,336.12	33,840.66	—		87,176.78
20051201	12012005	30136002	UNIVERSITY OF PUERTO RICO	—	13,935.00	13,935.00	929,000.00	—	13,935.00	—		13,935.00
20051201	12012005	30138001	VIRGINIA COMMONWEALTH	—	20,505.00	20,505.00	1,366,999.99	—	20,505.00	—		20,505.00
System Credits 12/1/05														417,550.21
System Debits
Bank Credit 12/1/05																6,098.18
Bank Debit
Trustee Wire 12/1/05																	6,098.18
20051202	12012005	30104703	CARROLL COLLEGE	3,899.62	1,843.37	5,742.99	122,891.81	3,899.62	1,843.37	0.00		5,742.99
20051202	0	30122701	NOVA UNIVERSITY					0.00	0.00	137,025.00		137,025.00
20051202	12012005	30127402	ST MARY’S COLLEGE	9,000.00	4,860.00	13,860.00	324,000.00	9,000.00	4,860.00	0.00		13,860.00
20051202	12012005	30134305	UNIVERSITY OF DELAWARE	15,000.00	7,560.00	22,560.00	504,000.00	15,000.00	7,560.00	0.00		22,560.00
20051202	12012005	30137901	VINCENNES UNIVERSITY	—	45,900.00	45,900.00	3,060,000.00	0.00	45,900.00	0.00		45,900.00
System Credits 12/1/05														225,087.99
System Debits
Bank Credit 12/2/05																417,550.21
Bank Debit
Trustee Wire 12/2/05																	417,550.21
System Credits
System Debits																137,025.00
Bank Credit 12/5/05																88,062.99
Bank Credit 12/5/05
Bank Debit																	225,087.99
Trustee Wire 12/5/05
20051206	0	30122701	NOVA UNIVERSITY					—	—	(137,025.00	)	(137,025.00	)
20051206	0	30122701	NOVA UNIVERSITY	45,000.00	2,025.00	47,025.00	135,000.00	135,000.00	2,025.00	—		137,025.00
System Credits 12/6/05														137,025.00
System Debits 12/6/05														(137,025.00	)
Bank Credit
Bank Credit
Bank Debit
Trustee Wire
System Credits
System Debits
Bank Credit 12/7/05																137,025.00
Bank Debit 12/7/05																		137,025.00
Trustee Wire
20051212	0	30116601	LENOIR RHYNE COLLEGE					—	—	44,660.00		44,660.00
System Credits 12/12/05														44,660.00
System Debits
Bank Credit
Bank Debit
Trustee Wire																	��
20051213	12012005	30119903	MISSISSIPPI STATE UNIVERSITY	65,000.00	18,450.00	83,450.00	1,230,000.00	65,000.00	18,450.00	—		83,450.00
20051213	11012005	30120705	MORRIS BROWN COLLEGE					—	13,650.00	—		13,650.00
20051213	11012005	30120706	MORRIS BROWN COLLEGE					—	3,000.00	—		3,000.00
20051213	12012005	30137701	VERMONT STATE COLLEGE	—	2,400.00	2,400.00	160,000.00	—	2,399.98	—		2,399.98
20051213	6012006	30137701	VERMONT STATE COLLEGE					—	0.02	—		0.02
System Credits 12/13/05														102,500.00
System Debits
Bank Credit 12/13/05																44,660.00
Bank Debit 12/13/05 (Nov. 05 Service Fees)																		15,024.37
Trustee Wire 12/13/05																	29,635.63
System Credits
System Debits
Bank Credit 12/14/05																102,500.00
Bank Debit
Trustee Wire 12/14/05																	102,500.00
20051219	0	30116601	LENOIR RHYNE COLLEGE					0.00	0.00	-44,660.00		(44,660.00	)
20051219	0	30116601	LENOIR RHYNE COLLEGE	25,000.00	660.00	25,660.00	44,000.00	44,000.00	660.00	0.00		44,660.00
System Credits 12/19/05														44,660.00
System Debits 12/19/05														(44,660.00	)

1

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
Bank Credit
Bank Debit
Trustee Wire
System Credits
System Debits
Bank Credit 12/20/05													44,660.00
Bank Debit 12/20/05															44,660.00
Trustee Wire
20051227	0	30138302	WARTBURG COLLEGE ACCT#WART465CD					87,000.00	1,631.25	0.00	88,631.25
20051227	0	30138302	WARTBURG COLLEGE ACCT#WART465CD					—	870.00	—	870.00
20051227	12272005	30138302	WARTBURG COLLEGE ACCT#WART465CD					—	—	—	—
System Credits 12/27/05												89,501.25
System Debits
Bank Credit
Bank Debit
Trustee Wire
20051228	1012006	30112002	GEORGE FOX COLLEGE					9,299.97	4,313.83	0.00	13,613.80
System Credits 12/28/05												13,613.80
System Debits
Bank Credit 12/28/05													89,501.25
Bank Debit
Trustee Wire 12/28/05														89,501.25
System Credits
System Debits
Bank Credit 12/29/05													13,613.80
Bank Debit
Trustee Wire 12/29/05														13,613.80
20051230	1012006	30112901	HAMPSHIRE COLLEGE					13,330.40	3,585.68	0.00	16,916.08
20051230	1012006	30114802	INTER-AMERICAN UNIV. OF PUERTO RICO					66,863.19	25,934.01	0.00	92,797.20
System Credits 12/30/05												109,713.28
System Debits
Bank Credit
Bank Debit
Trustee Wire
			TOTALS:	454,477.07	209,671.13	664,148.20	13,845,576.75	739,970.63	262,655.90	—	1,002,626.53	1,002,626.53	1,080,696.43	883,987.06	196,709.37
Loans Due in Current Period and Paid in Prior Period:
11-28-05	12-01-05	30105101	CATAWBA COLLE	12,000.00	1,695.00	13,695.00	113,000.00
08-04-05	12-01-05	30106401	COKER COLLEGE	14,000.00	1,080.00	15,080.00	71,999.99
11-30-05	12-01-05	30111803	GANNON UNIVER	3,621.51	2,476.67	6,098.18	165,111.51
11-29-05	12-01-05	30113501	HIGH POINT CO	14,000.00	2,520.00	16,520.00	168,000.00
			TOTALS:	43,621.51	7,771.67	51,393.18	518,111.50
Loans Due in Current Period Not Yet Paid:
	12/1/2005	30131702	TALLADEGA COL	15,000.00	3,705.00	18,705.00	247,000.00
			TOTALS:	15,000.00	3,705.00	18,705.00	247,000.00
			GRAND TOTAL:	513,098.58	221,147.80	734,246.38	14,610,688.25

2

College and University Loan Trust II

Remittance Report Reconciliation

December-05

Total System Credits @ 12/31		1,002,626.53
Total Bank Credits @ 12/31		1,080,696.43
12/01/05	ACH in Transit	(6,098.18	)
12/07/05	Payment Reversal	(137,025.00	)
12/19/05	Payment Reversal	(44,660.00	)
12/30/05	ACH in Transit	109,713.28
Adjusted Bank Credits:		1,002,626.53

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

December-05

Total Bank Credits @ 12/31		1,080,696.43
Total Debits to Trustee@ 12/31		883,987.06
12/07/05	Payment Reversal	137,025.00
12/13/05	Nov. 05 Service Fees	15,024.37
12/20/05	Payment Reversal	44,660.00
Adjusted Debits to Trustee		1,080,696.43

GMAC Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of January 1, 2006 through January 31, 2006

Collections:
Principal Payments	191,218.20
Interest Payments	83,584.37
Total Principal and Interest Collections	274,802.57
Payments and Reversals Posted to Suspense
Total Collections	274,802.57
Less: Servicing Fees (not withheld from remittances)	(3,009.34	)
Net Collections	271,793.23

GMAC Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of January 1, 2006 through January 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
1012006	30100102	ALABAMA AGRIC	0.00	1,125.00	1,125.00	0.00	—
1012006	30105404	CENTRAL MISSO	0.00	3,675.00	3,675.00	245,000.00	91.88
1012006	30111202	FLORIDA ATLAN	0.00	750.00	750.00	50,000.00	18.75
1012006	30112002	GEORGE FOX CO	9,299.97	4,313.83	13,613.80	575,176.88	215.69
1012006	30112901	HAMPSHIRE COL	13,330.40	3,585.68	16,916.08	239,045.19	89.64
1012006	30114802	INTER AMERICA	66,863.19	25,934.01	92,797.20	1,728,934.13	648.35
1012006	30117204	LOUISIANA STA	0.00	570.00	570.00	0.00	—
1012006	30117205	LOUISIANA STA	0.00	225.00	225.00	15,000.00	5.63
1012006	30120501	MOREHOUSE COL	0.00	6,749.99	6,749.99	449,999.50	168.75
1012006	30121201	NEWARK BETH I	40,000.00	7,884.37	47,884.37	435,000.00	163.13
1012006	30123701	PHILADELPHIA	45,218.20	28,690.00	73,908.20	1,912,666.64	717.25
1012006	30129101	SIMPSON COLLE	0.00	3,330.00	3,330.00	222,000.00	83.25
1012006	30131003	FIRST UNIONAT	28,000.00	420.00	28,420.00	28,000.00	10.50
1012006	30132301	TEXAS A & I U	0.00	4,215.00	4,215.00	281,000.00	105.38
1012006	30134402	UNIVERSITY OF	0.00	21,750.00	21,750.00	1,450,000.00	543.75
1012006	30135701	UNIVERSITY OF	70,000.00	3,225.00	73,225.00	215,000.00	80.63
1012006	30135702	UNIV N CAROLI	8,000.00	195.00	8,195.00	13,000.00	4.88
1012006	30137702	VERMONT STATE	0.00	2,475.00	2,475.00	165,000.00	61.88
		TOTALS:	280,711.76	119,112.88	399,824.64	8,024,822.34	3,009.34

1

GMAC Commercial Mortgage

College and University Loan Trust II

Paid in full Schedule

For the Period of January 1, 2006 through January 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
30131003	01-03-06	28,000.00	28,000.00	—	—	1/1/2006
TOTALS:		28,000.00	28,000.00	—	—

GMAC Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of January 1, 2006 through January 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report this period
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of January 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,375,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101102	ANDERSON COLLEGE	3.00	35,000.00	3-01-2006
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	146,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	305,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	153,641.54	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	610,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	120,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	720,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	230,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	118,992.19	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	324,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	101,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	245,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	95,399.38	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	722,553.53	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107601	CONCORDIA COLLEGE	3.00	66,000.00	4-01-2009
30107701	CONCORDIA COLLEGE	3.00	555,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	228,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	435,000.00	4-01-2016
30108301	DAKOTA WESLEYAN UNIVERSITY	3.00	145,000.00	10-01-2015
30108801	DILLARD UNIVERSITY	3.00	69,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	294,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	800,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	185,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	238,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	801,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	125,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111202	FLORIDA ATLANTIC UNIVERSITY-SER A	3.00	50,000.00	7-01-2006
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30111803	GANNON UNIVERSITY	3.00	161,490.00	12-01-2022
30111901	GAVILAN COLLEGE	3.00	12,000.00	4-01-2006
30112002	GEORGE FOX COLLEGE	3.00	565,876.91	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	225,714.79	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	880,645.60	2-01-2014
30113401	HESSTON COLLEGE	3.00	23,000.00	4-01-2006
30113501	HIGH POINT COLLEGE	3.00	154,000.00	12-01-2010
30113601	HINDS JUNIOR COLLEGE	3.00	1,169,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	147,772.18	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,164,323.49	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	255,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	24,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,662,070.94	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	715,000.00	6-01-2009
30115803	KNOX COLLEGE - DORM BONDS 1966	3.00	50,000.00	4-01-2006
30115901	LA GRANGE COLLEGE	3.00	135,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	359,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116903	LONG ISLAND UNIVERSITY	3.00	91,185.31	11-01-2009
30116904	LONG ISLAND UNIVERSITY	3.00	318,746.80	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	360,000.00	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	160,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	224,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	338,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	480,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	339,312.14	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	243,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	440,000.00	5-01-2016
30118701	MCLENNAN COMMUNITY COLLEGE	3.00	105,000.00	4-01-2006
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	584,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	302,466.43	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	449,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,453,538.35	11-01-2014
30120701	MORRIS BROWN COLLEGE	3.75	55,000.00	5-01-2007
30120705	MORRIS BROWN COLLEGE	3.00	910,000.00	5-01-2018
30120706	MORRIS BROWN COLLEGE	3.00	200,000.00	5-01-2010
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	111,000.00	4-01-2016

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,202,708.12	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,221,132.74	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OF THE ARTS	3.00	1,867,448.44	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	135,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	322,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	35,583.51	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	485,000.00	5-01-2016
30127402	ST MARY’S COLLEGE	3.00	315,000.00	6-01-2020
30127602	SAINT MICHAELS COLLEGE	3.00	1,158,543.67	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	95,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	317,559.01	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	400,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	870,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	222,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	236,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	138,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,570,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	66,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	283,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	1,107,000.00	10-01-2012
30131702	TALLADEGA COLLEGE	3.00	265,895.00	12-01-2012
30132002	TAYLOR UNIVERSITY	3.00	158,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	501,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	281,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	315,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	222,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,813,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,325,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	645,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	130,000.00	10-01-2007
30134304	UNIVERSITY OF DELAWARE	3.00	170,000.00	11-01-2006
30134305	UNIVERSITY OF DELAWARE	3.00	489,000.00	12-01-2018
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84	3.00	1,450,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	145,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	5,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	929,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	491,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	164,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	212,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	160,000.00	6-01-2008
30137702	VERMONT STATE COLLEGE	3.00	165,000.00	7-01-2014

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30137802	VILLANOVA UNIVERSITY	3.00	885,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	3,060,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,366,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	126,000.00	11-01-2009
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	94,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	134,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	200,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	525,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	20,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	12,411.56	5-01-2011
30140502	WITTENBERG UNIVERSITY	3.00	525,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	170,000.00	11-01-2017
30140601	THE COLLEGE OF WOOSTER	3.00	16,920.20	3-30-2009
30141001	YORK HOSPITAL	3.00	277,000.00	5-01-2020
	TOTALS:		80,348,466.28

4

GMAC Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of Januray 31, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
30108301	DAKOTA WESLEY	4-01-2004	28,400.00	145,000.00
30133201	UNIVERSITY STU COOP	4-01-2004	210,525.00	1,325,000.00
30104801	CARROLL COLLE	9-01-2004	41,775.00	324,000.00
30107601	CONCORDIA COLLEGE	10-01-2004	18,730.00	66,000.00
30134002	UNIV CENTR AR	10-01-2004	80,805.00	78,000.00
30131702	TALLADEGA COL	06-01-2005	33,705.00	265,895.00
30100102	ALAMBAMA AGRICULTURE	01-01-2006	1,125.00	75,000.00
30117204	LOUISIANA STATE	01-01-2006	570.00	38,000.00
TOTAL:			415,635.00	2,316,895.00

GMAC Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of January 31, 2006

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report for January 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20060103	1012006	30111202	FLORIDA ATLANTIC UNIVERSITY-SER A	—	750.00	750.00	50,000.00	0.00	750.00	0.00	750.00
20060103	1012006	30120501	MOREHOUSE COLLEGE	—	6,749.99	6,749.99	449,999.50	—	6,749.99	—	6,749.99
20060103	1012006	30129101	SIMPSON COLLEGE - BOND 1966	—	3,330.00	3,330.00	222,000.00	—	3,330.00	—	3,330.00
20060103	0	30131003	JOHN B. STETSON  UNIVERSITY	28,000.00	420.00	28,420.00	28,000.00	28,000.00	—	—	28,000.00
20060103	1012006	30131003	JOHN B. STETSON  UNIVERSITY					—	420.00	—	420.00
20060103	1012006	30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84	—	21,750.00	21,750.00	1,450,000.00		21,750.00	—	21,750.00
20060103	1012006	30135701	UNIVERSITY OF NORTH CAROLINA	70,000.00	3,225.00	73,225.00	215,000.00	70,000.00	3,225.00	—	73,225.00
20060103	1012006	30135702	UNIVERSITY OF NORTH CAROLINA	8,000.00	195.00	8,195.00	13,000.00	8,000.00	195.00	—	8,195.00
System Credits 1/4/06												142,419.99
System Debits
Bank Credit 1/4/06													109,713.28
Bank Debit
Trustee Wire 1/4/06														109,713.28
20060104	1012006	30105404	CENTRAL MISSOURI STATE	—	3,675.00	3,675.00	245,000.00	0.00	3,675.00	0.00	3,675.00
20060104	1012006	30117205	LA. STATE UNIV. 1966 BOND SER C	—	225.00	225.00	15,000.00	0.00	225.00	0.00	225.00
20060104	1012006	30121201	NEWARK BETH ISREAL MEDICAL CENTER	40,000.00	7,884.37	47,884.37	435,000.00	40,000.00	7,884.31	0.00	47,884.31
20060104	7012006	30121201	NEWARK BETH ISREAL MEDICAL CENTER					0.00	0.07	0.00	0.07
System Credits 1/5/06												51,784.38
System Debits
Bank Credit 1/5/06													142,419.99
Bank Debit
Trustee Wire 1/5/06														142,419.99
Bank Credit 1/6/06													51,784.38
Trustee Wire 1/6/06														45,981.73
System Credits
System Debits
Bank Credit
Bank Debit 1/10/06 (Dec 05 Svc Fee)															5,802.65
Trustee Wire
20060111	1012006	30123701	UNIVERSITY OF THE ARTS	45,218.20	28,690.00	73,908.20	1,912,666.64	45,218.20	28,690.00	0.00	73,908.20
20060111	1012006	30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	—	4,215.00	4,215.00	281,000.00	0.00	4,215.00	0.00	4,215.00
20060111	1012006	30137702	VERMONT STATE COLLEGE	—	2,475.00	2,475.00	165,000.00	0.00	2,475.00	0.00	2,475.00
System Credits												80,598.20
System Debits
Bank Credit 1/12/06
Bank Credit 1/12/06
Bank Debit
Trustee Wire 1/12/06
System Credits
System Debits
Bank Credit 1/13/06													80,598.20
Bank Credit
Bank Debit
Trustee Wire 1/13/06														80,598.20
System Credits
System Debits
Bank Credit 1/30/06													15.02
Bank Debit
Trustee Wire
			TOTALS:	191,218.20	83,584.36	274,802.56	5,481,666.14	191,218.20	83,584.37	—	274,802.57	274,802.57	384,530.87	378,713.20	5,802.65
Loans Due in Current Period and Paid in Prior Period:
11-28-05	12-01-05	30105101	CATAWBA COLLE	12,000.00	1,695.00	13,695.00	113,000.00
08-04-05	12-01-05	30106401	COKER COLLEGE	14,000.00	1,080.00	15,080.00	71,999.99
11-30-05	12-01-05	30111803	GANNON UNIVER	3,621.51	2,476.67	6,098.18	165,111.51
11-29-05	12-01-05	30113501	HIGH POINT CO	14,000.00	2,520.00	16,520.00	168,000.00
12-28-05	1012006	30112002	GEORGE FOX CO	9,299.97	4,313.83	13,613.80	575,176.88
12-30-05	1012006	30112901	HAMPSHIRE COL	13,330.40	3,585.68	16,916.08	239,045.19
12-30-05	1012006	30114802	INTER AMERICA	66,863.19	25,934.01	92,797.20	1,728,934.13
			TOTALS:	133,115.07	41,605.19	174,720.26	3,061,267.70

1

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
Loans Due in Current Period Not Yet Paid:
	12/1/2005	30131702	TALLADEGA COL	15,000.00	3,705.00	18,705.00	247,000.00
	1012006	30100102	ALABAMA AGRIC	—	1,125.00	1,125.00	—
	1012006	30117204	LOUISIANA STA	—	570.00	570.00	—
			TOTALS:	15,000.00	5,400.00	20,400.00	247,000.00
			GRAND TOTAL:	339,333.27	130,589.55	469,922.82	8,789,933.84

2

College and University Loan Trust II

Remittance Report Reconciliation

January-06

Total System Credits @ 1/31		274,802.57
Total Bank Credits @ 1/31		384,530.87
	ACH in Transit
	ACH in Transit	(109,713.28	)
	Payment Reversal	(15.02	)
	ACH in Transit
Adjusted Bank Credits:		274,802.57

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

January-06

Total Bank Credits @ 1/31		384,530.87
Total Debits to Trustee@ 1/31		378,713.20
	Payment Reversal
	Jan. 06 Service Fees	5,802.65
	Jan. 06 Service Fees	15.02
Adjusted Debits to Trustee		384,530.87

GMAC Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of February 1, 2006 through February 28, 2006

Collections:
Principal Payments	45,863.74
Interest Payments	17,079.68
Total Principal and Interest Collections	62,943.42
Payments and Reversals Posted to Suspense
Total Collections	62,943.42
Less: Servicing Fees (not withheld from remittances)	(415.74	)
Net Collections	62,527.68

GMAC Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of February 1, 2006 through February 28, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
2012006	30108101	CUMBERLAND COLLEGE	0	3420	3420	228000	85.50
2012006	30112902	HAMPSHIRE COLLEGE	45863.74	13209.68	59073.42	880645.6	330.24
		TOTALS:	45,863.74	16,629.68	62,493.42	1,108,645.60	415.74
Service Fees withheld for February 2006							415.74

1

GMAC Commercial Mortgage

College and University Loan Trust II

Paid in full Schedule

For the Period of February 1, 2006 through February 28, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
None to Report this period				—	—
TOTALS:		—	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of February 1, 2006 through February 28, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report this period
TOTAL:		—	—	—

GMAC Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of February 28, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,375,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101102	ANDERSON COLLEGE	3.00	35,000.00	3-01-2006
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	146,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	305,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	153,641.54	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	610,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	120,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	720,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	230,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	118,992.19	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	324,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	101,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	245,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	95,399.38	12-01-2013
30106702	COLLEGE OF SAINT  ROSE	3.00	722,553.53	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107601	CONCORDIA COLLEGE	3.00	66,000.00	4-01-2009
30107701	CONCORDIA COLLEGE	3.00	555,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	228,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	435,000.00	4-01-2016
30108301	DAKOTA WESLEYAN  UNIVERSITY	3.00	145,000.00	10-01-2015
30108801	DILLARD UNIVERSITY	3.00	69,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	294,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	800,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	185,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	238,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	801,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	125,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111202	FLORIDA ATLANTIC UNIVERSITY-SER A	3.00	50,000.00	7-01-2006
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30111803	GANNON UNIVERSITY	3.00	161,490.00	12-01-2022
30111901	GAVILAN COLLEGE	3.00	12,000.00	4-01-2006
30112002	GEORGE FOX COLLEGE	3.00	565,876.91	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	225,714.79	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	834,781.86	2-01-2014
30113401	HESSTON COLLEGE	3.00	23,000.00	4-01-2006
30113501	HIGH POINT COLLEGE	3.00	154,000.00	12-01-2010
30113601	HINDS JUNIOR COLLEGE	3.00	1,169,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	147,772.18	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,164,323.49	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	255,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	24,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,662,070.94	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	715,000.00	6-01-2009
30115803	KNOX COLLEGE - DORM BONDS 1966	3.00	50,000.00	4-01-2006
30115901	LA GRANGE COLLEGE	3.00	135,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	359,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116903	LONG ISLAND UNIVERSITY	3.00	91,185.31	11-01-2009
30116904	LONG ISLAND UNIVERSITY	3.00	318,746.80	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	360,000.00	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	160,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	224,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	338,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	480,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	339,312.14	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	243,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	440,000.00	5-01-2016
30118701	MCLENNAN COMMUNITY COLLEGE	3.00	105,000.00	4-01-2006
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	584,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	302,466.43	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	449,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,453,538.35	11-01-2014
30120701	MORRIS BROWN COLLEGE	3.75	55,000.00	5-01-2007
30120705	MORRIS BROWN COLLEGE	3.00	910,000.00	5-01-2018
30120706	MORRIS BROWN COLLEGE	3.00	200,000.00	5-01-2010
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	111,000.00	4-01-2016

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,202,708.12	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,221,132.74	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OF    THE ARTS	3.00	1,867,448.44	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	135,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	322,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	35,583.51	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	485,000.00	5-01-2016
30127402	ST MARY’S COLLEGE	3.00	315,000.00	6-01-2020
30127602	SAINT MICHAELS   COLLEGE	3.00	1,158,543.67	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	95,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	317,559.01	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	400,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	870,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	222,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	236,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	138,000.00	10-01-2007
30130301	SOUTHWEST TEXAS  STATE UNIVERSITY	3.00	1,570,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	66,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	283,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	1,107,000.00	10-01-2012
30131702	TALLADEGA COLLEGE	3.00	265,895.00	12-01-2012
30132002	TAYLOR UNIVERSITY	3.00	158,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	501,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	281,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	315,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	222,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,813,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,325,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	645,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	130,000.00	10-01-2007
30134304	UNIVERSITY OF DELAWARE	3.00	170,000.00	11-01-2006
30134305	UNIVERSITY OF DELAWARE	3.00	489,000.00	12-01-2018
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84	3.00	1,450,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	145,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	5,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	929,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	491,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	164,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	212,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	160,000.00	6-01-2008
30137702	VERMONT STATE COLLEGE	3.00	165,000.00	7-01-2014

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30137802	VILLANOVA UNIVERSITY	3.00	885,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	3,060,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,366,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	126,000.00	11-01-2009
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	94,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	134,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	200,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	525,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	20,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	12,411.56	5-01-2011
30140502	WITTENBERG UNIVERSITY	3.00	525,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	170,000.00	11-01-2017
30140601	THE COLLEGE OF WOOSTER	3.00	16,920.20	3-30-2009
30141001	YORK HOSPITAL	3.00	277,000.00	5-01-2020
	TOTALS:		80,302,602.54

4

GMAC Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of February 28, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
30108301	DAKOTA WESLEY	4-01-2004	28,400.00	145,000.00
30133201	UNIVERSITY STU COOP	4-01-2004	210,525.00	1,325,000.00
30104801	CARROLL COLLE	9-01-2004	41,775.00	324,000.00
30107601	CONCORDIA COLLEGE	10-01-2004	18,730.00	66,000.00
30134002	UNIV CENTR AR	10-01-2004	80,805.00	78,000.00
30131702	TALLADEGA COL	06-01-2005	33,705.00	265,895.00
30100102	ALAMBAMA AGRICULTURE	01-01-2006	1,125.00	75,000.00
30117204	LOUISIANA STATE	01-01-2006	570.00	38,000.00
TOTAL:			415,635.00	2,316,895.00

GMAC Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of February 28, 2006

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report for February 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid		Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20060201	2012006	30108101	CUMBERLAND COLLEGE	0	3420	3420	228000	—	3,420.00	—		3,420.00
20060201	2012006	30112902	HAMPSHIRE COLLEGE	45863.74	13209.68	59073.42	880645.6	45,863.74	13,209.68	—		59,073.42
System Credits 2/2/06														62,493.42
System Debits
Bank Credit 2/2/06																62,493.42
Bank Debit
Trustee Wire 2/2/06																	62,493.42
20060209	0	30128401	UNIVERSITY OF ILLINOIS					0.00	0.00	-450.00		(450.00	)
20060209	5012006	30128401	UNIVERSITY OF ILLINOIS					0.00	450.00	0.00		450.00
System Credits 2/10/06														450.00
System Debits (Pymt Reversal)														(450.00	)
Bank Credit 2/10/06																450.00
Bank Debit																		450.00
Trustee Wire 2/10/06
			TOTALS:	45,863.74	16,629.68	62,493.42	1,108,645.60	45,863.74	17,079.68	(450.00	)	62,493.42		62,493.42		62,943.42	62,493.42	450.00
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	45,863.74	16,629.68	62,493.42	1,108,645.60

1

College and University Loan Trust II
Remittance Report Reconciliation
February-06

Total System Credits @ 2/28	62,493.42
Total Bank Credits @ 2/28	62,943.42
02/10/06          Payment Reversal	(450.00	)
ACH in Transit
Payment Reversal
ACH in Transit
Adjusted Bank Credits:	62,493.42

GMAC Commercial Mortgage

College and University Loan Trust II
Remittance Report Reconciliation
February-06

Total Bank Credits @ 2/28	62,943.42
Total Debits to Trustee @ 2/28	62,493.42
02/10/06          Payment Reversal	450.00
Jan. 05 Service Fees
Jan. 05 Service Fees
Adjusted Debits to Trustee	62,943.42

GMAC Commercial Mortgage
College and University Loan Trust II
Collection Account Activity Report
For the Period of March 1, 2006 through March 31, 2006

Collections:
Principal Payments	536,691.42
Interest Payments	56,287.83
Total Principal and Interest Collections	592,979.25
Payments and Reversals Posted to Suspense
Total Collections	592,979.25
Less: Servicing Fees (not withheld from remittances)	(331.99	)
Net Collections	592,647.26

GMAC Commercial Mortgage
College & Trust Facility Loan Trust II
Service Fees Schedule
For the Period of March 1, 2006 through March 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
3012006	30101102	ANDERSON UNIV	35000	525	35525	35000	13.13
3012006	30104801	CARROLL COLLE	26000	5625	31625	300000	112.50
3012006	30110301	EMBRY-RIDDLE	0	1875	1875	125000	46.88
3152006	30113702	HIWASSEE COLL	4691.42	2216.58	6908	147772.18	55.41
3012006	30114801	INTER AMERICA	0	360	360	24000	9.00
3012006	30115901	LA GRANGE COL	30000	2025	32025	135000	50.63
3302006	30125601	RIO GRANDE CO	5083.33	533.75	5617.08	35583.51	13.34
3012006	30130502	SPALDING UNIV	0	990	990	66000	24.75
3302006	30140601	WOOSTER BUSIN	2416.6	253.8	2670.4	16920.2	6.35
		TOTALS:	2,416.60	253.80	2,670.40	16,920.20	331.99

1

GMAC Commercial Mortgage
College and University Loan Trust II
Paid in full Schedule
For the Period of March 1, 2006 through March 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
30101102	60301	35525	35000	525	0	3012006
30111901	60330	12180	12000	180	0	4012006
30120701	60331	56031.25	55000	1031.25	0	5012007
30120706	60331	203000	200000	3000	0	5012010
TOTALS:		306,736.25	302,000.00	4,736.25	—

GMAC Commercial Mortgage
College and University Loan Trust II
Summary of Partial Prepayments
For the Period of March 1, 2006 through March 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report this period
	TOTAL:	—	—	—

GMAC Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of March 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,375,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	146,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	305,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	153,641.54	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	610,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	120,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	720,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	230,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	118,992.19	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	324,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	101,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	245,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	95,399.38	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	722,553.53	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107601	CONCORDIA COLLEGE	3.00	66,000.00	4-01-2009
30107701	CONCORDIA COLLEGE	3.00	555,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	228,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	435,000.00	4-01-2016
30108301	DAKOTA WESLEYAN UNIVERSITY	3.00	145,000.00	10-01-2015
30108801	DILLARD UNIVERSITY	3.00	69,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	294,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	800,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	185,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	238,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	801,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	125,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111202	FLORIDA ATLANTIC UNIVERSITY-SER A	3.00	50,000.00	7-01-2006
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011
30111803	GANNON UNIVERSITY	3.00	161,490.00	12-01-2022

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30112002	GEORGE FOX COLLEGE	3.00	565,876.91	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	225,714.79	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	834,781.86	2-01-2014
30113401	HESSTON COLLEGE	3.00	23,000.00	4-01-2006
30113501	HIGH POINT COLLEGE	3.00	154,000.00	12-01-2010
30113601	HINDS JUNIOR COLLEGE	3.00	1,019,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	143,080.76	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,164,323.49	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	255,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	24,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,662,070.94	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	715,000.00	6-01-2009
30115803	KNOX COLLEGE - DORM BONDS 1966	3.00	50,000.00	4-01-2006
30115901	LA GRANGE COLLEGE	3.00	105,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	359,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116903	LONG ISLAND UNIVERSITY	3.00	91,185.31	11-01-2009
30116904	LONG ISLAND UNIVERSITY	3.00	318,746.80	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	360,000.00	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	160,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	224,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	338,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	480,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	339,312.14	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	243,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	440,000.00	5-01-2016
30118701	MCLENNAN COMMUNITY COLLEGE	3.00	105,000.00	4-01-2006
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	584,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	302,466.43	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	449,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,453,538.35	11-01-2014
30120705	MORRIS BROWN COLLEGE	3.00	910,000.00	5-01-2018
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	111,000.00	4-01-2016
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,202,708.12	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,221,132.74	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OF THE ARTS	3.00	1,867,448.44	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	135,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	322,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	35,583.51	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	485,000.00	5-01-2016
30127402	ST MARY’S COLLEGE	3.00	315,000.00	6-01-2020
30127602	SAINT MICHAELS COLLEGE	3.00	1,158,543.67	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	95,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	317,559.01	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	400,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	870,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	222,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	236,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	138,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,570,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	66,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	283,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	1,107,000.00	10-01-2012
30131702	TALLADEGA COLLEGE	3.00	265,895.00	12-01-2012
30132002	TAYLOR UNIVERSITY	3.00	158,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	501,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	281,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	315,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	222,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,813,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,325,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	645,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	130,000.00	10-01-2007
30134304	UNIVERSITY OF DELAWARE	3.00	170,000.00	11-01-2006
30134305	UNIVERSITY OF DELAWARE	3.00	489,000.00	12-01-2018
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84	3.00	1,450,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	145,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	5,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	929,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	491,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	164,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	212,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	160,000.00	6-01-2008
30137702	VERMONT STATE COLLEGE	3.00	165,000.00	7-01-2014
30137802	VILLANOVA UNIVERSITY	3.00	885,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	3,060,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,366,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	126,000.00	11-01-2009

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	94,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	134,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	150,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	525,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	20,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	12,411.56	5-01-2011
30140502	WITTENBERG UNIVERSITY	3.00	525,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	170,000.00	11-01-2017
30140601	THE COLLEGE OF WOOSTER	3.00	16,920.20	3-30-2009
30141001	YORK HOSPITAL	3.00	277,000.00	5-01-2020
	TOTALS:		79,765,911.12

4

GMAC Commercial Mortgage
College and University Loan Trust II
Delinquency Report (60+ Days)
As of March 31, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
30108301	DAKOTA WESLEY	4-01-2004	28,400.00	145,000.00
30133201	UNIVERSITY STU COOP	4-01-2004	210,525.00	1,325,000.00
30104801	CARROLL COLLE	9-01-2004	41,775.00	324,000.00
30107601	CONCORDIA COLLEGE	10-01-2004	18,730.00	66,000.00
30134002	UNIV CENTR AR	10-01-2004	80,805.00	78,000.00
30131702	TALLADEGA COL	06-01-2005	33,705.00	265,895.00
30100102	ALAMBAMA AGRICULTURE	01-01-2006	1,125.00	75,000.00
30117204	LOUISIANA STATE	01-01-2006	570.00	38,000.00
30125601	RIO GRANDE CO	09-30-2006	5,617.08	35,583.51
30140601	THE COLLEGE OF WOOSTER	03-20-2006	2,670.40	16,920.20
TOTAL:			423,922.48	2,369,398.71

GMAC Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of March 31, 2006

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report for March 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20060301	0	30101102	ANDERSON COLLEGE	35,000.00	525.00	35,525.00	35,000.00	35,000.00	525.00	—	35,525.00
20060301	3012006	30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	—	1,875.00	1,875.00	125,000.00	—	1,875.00	—	1,875.00
20060301	3012006	30115901	LA GRANGE COLLEGE	30,000.00	2,025.00	32,025.00	135,000.00	30,000.00	2,025.00	—	32,025.00
20060301	3012006	30130502	SPALDING UNIVERSITY	—	990.00	990.00	66,000.00	—	990.00	—	990.00
System Credits 3/2/06												70,415.00
System Debits
Bank Credit 3/2/06													70,415.00
Bank Debit 3/3/06 (Jan & Feb 06 Svc Fees)															3,425.08
Trustee Wire 3/2/06														66,989.92
20060307	3012006	30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	—	360.00	360.00	24,000.00	0.00	360.00	0.00	360.00
System Credits												360.00
System Debits (Pymt Reversal)
Bank Credit 3/08/06													720.00
Bank Debit 3/08/06															360.00
Trustee Wire 3/08/06														360.00
20060322	3152006	30113702	HIWASSEE COLLEGE	4,691.42	2,216.58	6,908.00	147,772.18	4,691.42	2,216.58	0.00	6,908.00
System Credits 3/23/06												6,908.00
System Debits
Bank Credit 3/23/06													6,908.00
Bank Debit
Trustee Wire 3/23/06														6,908.00
20060330	0	30111901	GAVILAN COLLEGE					12,000.00	180.00	0.00	12,180.00
20060330	4012006	30139001	WEST VALLEY COLLEGE					50,000.00	3,000.00	0.00	53,000.00
System Credits												65,180.00
System Debits
Bank Credit 3/31/06													65,180.00
Bank Debit 03/31/06
Trustee Wire 3/31/06														65,180.00
20060331	4012006	30113601	HINDS JUNIOR COLLEGE					150,000.00	17,535.00	0.00	167,535.00
20060331	0	30120701	MORRIS BROWN COLLEGE					55,000.00	1,031.25	0.00	56,031.25
20060331	0	30120706	MORRIS BROWN COLLEGE					200,000.00	3,000.00	0.00	203,000.00
20060331	4012006	30130301	SOUTHWEST TEXAS STATE UNIVERSITY					0.00	23,550.00	0.00	23,550.00
System Credits												450,116.25
System Debits
Bank Credit 04/03/06													450,116.25
Bank Debit 04/03/06
Trustee Wire 04/03/06														450,116.25
			TOTALS:	69,691.42	7,991.58	77,683.00	532,772.18	536,691.42	56,287.83	—	592,979.25	592,979.25	593,339.25	589,554.17	3,785.08
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
	3012006	30104801	CARROLL COLLE	26,000.00	5,625.00	31,625.00	300,000.00
	3302006	30125601	RIO GRANDE CO	5,083.33	533.75	5,617.08	35,583.51
	3302006	30140601	WOOSTER BUSIN	2,416.60	253.80	2,670.40	16,920.20
			TOTALS:	33,499.93	6,412.55	39,912.48	352,503.71
			GRAND TOTAL:	103,191.35	14,404.13	117,595.48	885,275.89

1

College and University Loan Trust II

Remittance Report Reconciliation

March-06

Total System Credits @ 3/31		592,979.25
Total Bank Credits @ 3/31		593,339.25
03/08/06	Ach Correction	(360.00	)
	ACH in Transit
	Payment Reversal
	ACH in Transit
Adjusted Bank Credits:		592,979.25

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

March-06

Total Bank Credits @ 3/31		593,339.25
Total Debits to Trustee@ 3/31		589,554.17
	Ach Correction	360.00
	Jan. 06 Service Fees	3,009.34
	Feb. 06 Service Fees	415.74
Adjusted Debits to Trustee		593,339.25

GMAC Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of April 1, 2006 through April 30, 2006

Collections:
Principal Payments	1,417,997.23
Interest Payments	256,100.98
Total Principal and Interest Collections	1,674,098.21
Payments and Reversals Posted to Suspense
Total Collections	1,674,098.21
Less: Servicing Fees (not withheld from remittances)	(4,391.65	)
Net Collections	1,669,706.56

GMAC Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of April 1, 2006 through April 30, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
4012006	30100201	ALBION COLLEG	0	720	720	48000	18.00			delinquent
4012006	30101701	AZUSA PACIFIC	12000	2737.5	14737.5	146000	54.75
4012006	30104401	CAMERON UNIVE	305000	9150	314150	610000	228.75
4012006	30105801	CHAPMAN COLLE	20000	5250	25250	350000	131.25
4012006	30106902	COLLEGE OF SA	0	435	435	0	—
4012006	30106904	COLLEGE OF SA	0	6525	6525	435000	163.13
4012006	30107002	COLLEGE OF TH	0	11056.25	11056.25	610000	228.75
4012006	30107003	COLLEGE OF TH	0	1650	1650	110000	41.25
4012006	30107601	CONCORDIA COL	16000	750	16750	50000	18.75			delinquent
4012006	30108202	DAEMEN COLLEG	35000	6525	41525	435000	163.13
4012006	30108301	DAKOTA WESLEY	0	1875	1875	125000	46.88			delinquent
4012006	30108801	DILLARD UNIVE	31000	1035	32035	69000	25.88
4012006	30109301	DOWLING COLLE	27000	4410	31410	294000	110.25
4012006	30109604	DRURY COLLEGE	9000	2775	11775	185000	69.38
4012006	30109605	DRURY COLLEGE	22000	3570	25570	238000	89.25
4012006	30109801	DYOUVILLE COL	52000	12023.02	64023.02	801535	300.58
4012006	30110101	ELIZABETH CIT	0	4050	4050	270000	101.25
4012006	30111603	FT HAYS STATE	0	600	600	40000	15.00
4012006	30111901	GAVILAN COLLE	12000	180	12180	12000	4.50
4012006	30112002	GEORGE FOX CO	9369.72	4244.08	13613.8	565876.91	212.20
4012006	30113401	HESSTON COLLE	23000	345	23345	23000	8.63
4012006	30113601	HINDS JUNIOR	150000	17535	167535	1169000	438.38
4012006	30114201	HOUSTON TILLO	25000	4462.5	29462.5	255000	95.63
4012006	30114302	HUNTINGDON CO	0	1350	1350	90000	33.75
4012006	30115803	KNOX COLLEGE	50000	750	50750	50000	18.75
4012006	30116102	LANGSTON UNIV	135000	4125	139125	410000	153.75
4012006	30116201	LASSEN JUNIOR	20000	5385	25385	359000	134.63
4012006	30116801	LINFIELD COLL	0	885	885	59000	22.13
4012006	30117801	MARIAN COLLEG	0	5625	5625	375000	140.63
4012006	30118701	MCLENNAN COMM	105000	1575	106575	105000	39.38
4012006	30119001	MEMORIAL SLOA	80000	9855	89855	584000	219.00
4012006	30121101	NEW ENGLAND C	9000	1665	10665	111000	41.63
4012006	30122802	OCCIDENTAL CO	0	3120	3120	208000	78.00
4012006	30123401	PAINE COLLEGE	0	9690	9690	645999.99	242.25
4012006	30125401	RHODE ISLAND	0	525	525	0	—
4012006	30127703	ST NORBERT CO	51000	1425	52425	95000	35.63
4012006	30129402	SOUTHEAST MIS	165000	3540	168540	236000	88.50
4012006	30129802	SOUTHERN METH	0	2070	2070	138000	51.75
4012006	30130301	SOUTHWEST TEX	0	23550	23550	1570000	588.75
4012006	30130903	STEPHEN F AUS	0	18680.63	18680.63	1107000	415.13
4012006	30132002	TAYLOR UNIVER	0	2370	2370	158000	59.25
4012006	30132003	TAYLOR UNIVER	0	7515	7515	501000	187.88
4012006	30132402	TEXAS SOUTHER	35000	5512.5	40512.5	315000	118.13
4012006	30132904	TUFTS UNIVERS	0	27195	27195	1813000	679.88
4012006	30133201	UNIV STU COOP	70000	17850	87850	1190000	446.25			delinquent
4012006	30134002	UNIV CENTR AR	0	1170	1170	0	—			delinquent
4012006	30134101	UNIVERSITY OF	0	1950	1950	130000	48.75
4012006	30134901	UNIVERSITY OF	0	7031.25	7031.25	0	—
4012006	30136801	UNIVERSITY OF	0	7365	7365	491000	184.13
4012006	30136901	UNIVERSITY OF	31000	2562.5	33562.5	164000	61.50
4012006	30137802	VILLANOVA UNI	50000	13275	63275	885000	331.88
4012006	30138302	WARTBURG COLL	13000	1631.25	14631.25	87000	32.63
4012006	30139001	WEST VALLEY C	50000	3000	53000	200000	75.00
4012006	30139504	WESTERN WASHI	0	1312.5	1312.5	0	—
4012006	30140003	WHEATON COLLE	60000	9187.5	69187.5	525000	196.88
		TOTALS:	1,672,369.72	304,646.48	1,977,016.20	19,443,411.90	5,601.41
							(18.00	)	30100201
							(18.75	)	30107601
							(46.88	)	30108301
							(446.25	)	30133201
							(679.88	)	30132904
							4,391.65		Service Fees withheld for April 2006

1

GMAC Commercial Mortgage

College and University Loan Trust II

Paid in full Schedule

For the Period of April 1, 2006 through April 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
30113401	60410	23345	23000	345	0	4012006
30115803	60407	50750	50000	750	0	4012006
30116903	60427	92553.09	91185.31	1367.78	0	11012009
30118701	60404	106575	105000	1575	0	4012006
TOTALS:		273,223.09	269,185.31	4,037.78	—

GMAC Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of April 1, 2006 through April 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report this period
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of April 30, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,375,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101102	ANDERSON COLLEGE	3.00	35,000.00	3-01-2006
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	146,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	305,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	153,641.54	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	610,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	120,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	720,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	230,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	118,992.19	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	324,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	101,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	245,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	95,399.38	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	722,553.53	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107601	CONCORDIA COLLEGE	3.00	66,000.00	4-01-2009
30107701	CONCORDIA COLLEGE	3.00	555,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	228,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	435,000.00	4-01-2016
30108301	DAKOTA WESLEYAN UNIVERSITY	3.00	145,000.00	10-01-2015
30108801	DILLARD UNIVERSITY	3.00	69,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	294,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	800,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	185,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	238,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	801,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	125,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111202	FLORIDA ATLANTIC UNIVERSITY-SER A	3.00	50,000.00	7-01-2006
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30111803	GANNON UNIVERSITY	3.00	161,490.00	12-01-2022
30111901	GAVILAN COLLEGE	3.00	12,000.00	4-01-2006
30112002	GEORGE FOX COLLEGE	3.00	565,876.91	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	225,714.79	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	880,645.60	2-01-2014
30113401	HESSTON COLLEGE	3.00	23,000.00	4-01-2006
30113501	HIGH POINT COLLEGE	3.00	154,000.00	12-01-2010
30113601	HINDS JUNIOR COLLEGE	3.00	1,169,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	147,772.18	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,164,323.49	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	255,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	24,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,662,070.94	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	715,000.00	6-01-2009
30115803	KNOX COLLEGE - DORM BONDS 1966	3.00	50,000.00	4-01-2006
30115901	LA GRANGE COLLEGE	3.00	135,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	359,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116903	LONG ISLAND UNIVERSITY	3.00	91,185.31	11-01-2009
30116904	LONG ISLAND UNIVERSITY	3.00	318,746.80	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	360,000.00	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	160,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	224,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	338,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	480,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	339,312.14	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	243,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	440,000.00	5-01-2016
30118701	MCLENNAN COMMUNITY COLLEGE	3.00	105,000.00	4-01-2006
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	584,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	302,466.43	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	449,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,453,538.35	11-01-2014
30120701	MORRIS BROWN COLLEGE	3.75	55,000.00	5-01-2007
30120705	MORRIS BROWN COLLEGE	3.00	910,000.00	5-01-2018
30120706	MORRIS BROWN COLLEGE	3.00	200,000.00	5-01-2010
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	111,000.00	4-01-2016

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,202,708.12	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,221,132.74	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OFTHE ARTS	3.00	1,867,448.44	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	135,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	322,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	35,583.51	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	485,000.00	5-01-2016
30127402	ST MARY’S COLLEGE	3.00	315,000.00	6-01-2020
30127602	SAINT MICHAELS COLLEGE	3.00	1,158,543.67	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	95,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	317,559.01	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	400,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	870,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	222,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	236,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	138,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,570,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	66,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	283,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	1,107,000.00	10-01-2012
30131702	TALLADEGA COLLEGE	3.00	265,895.00	12-01-2012
30132002	TAYLOR UNIVERSITY	3.00	158,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	501,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	281,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	315,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	222,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,813,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,325,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	645,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	130,000.00	10-01-2007
30134304	UNIVERSITY OF DELAWARE	3.00	170,000.00	11-01-2006
30134305	UNIVERSITY OF DELAWARE	3.00	489,000.00	12-01-2018
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84	3.00	1,450,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	145,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	5,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	929,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	491,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	164,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	212,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	160,000.00	6-01-2008
30137702	VERMONT STATE COLLEGE	3.00	165,000.00	7-01-2014

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30137802	VILLANOVA UNIVERSITY	3.00	885,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	3,060,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,366,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	126,000.00	11-01-2009
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	94,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	134,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	200,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	525,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	20,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	12,411.56	5-01-2011
30140502	WITTENBERG UNIVERSITY	3.00	525,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	170,000.00	11-01-2017
30140601	THE COLLEGE OF WOOSTER	3.00	16,920.20	3-30-2009
30141001	YORK HOSPITAL	3.00	277,000.00	5-01-2020
	TOTALS:		80,348,466.28

4

GMAC Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of April 30, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
30108301	DAKOTA WESLEY	4-01-2004	28,400.00	145,000.00
30133201	UNIVERSITY STU COOP	4-01-2004	210,525.00	1,325,000.00
30104801	CARROLL COLLE	9-01-2004	41,775.00	324,000.00
30107601	CONCORDIA COLLEGE	10-01-2004	18,730.00	66,000.00
30134002	UNIV CENTR AR	10-01-2004	80,805.00	78,000.00
30131702	TALLADEGA COL	06-01-2005	33,705.00	265,895.00
30100102	ALAMBAMA AGRICULTURE	01-01-2006	1,125.00	75,000.00
30117204	LOUISIANA STATE	01-01-2006	570.00	38,000.00
TOTAL:			415,635.00	2,316,895.00

GMAC Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of April 30, 2006

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report for April 2006

Date Received	Date Due		GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid		Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20060403	4012006		30104401	CAMERON UNIVERSITY	305,000.00	9,150.00	314,150.00	610,000.00	305,000.00	9,150.00	0.00		314,150.00
20060403	4012006		30106904	COLLEGE OF SANTA FE	0.00	6,525.00	6,525.00	435,000.00	0.00	6,525.00	0.00		6,525.00
20060403	4012006		30107002	COLLEGE OF THE HOLY CROSS	0.00	11,056.25	11,056.25	610,000.00	0.00	11,056.25	0.00		11,056.25
20060403	4012006		30107003	COLLEGE OF THE HOLY CROSS	0.00	1,650.00	1,650.00	110,000.00	0.00	1,650.00	0.00		1,650.00
20060403	4012006		30109301	DOWLING COLLEGE	27,000.00	4,410.00	31,410.00	294,000.00	27,000.00	4,410.00	0.00		31,410.00
20060403	4012006		30109604	DRURY COLLEGE	9,000.00	2,775.00	11,775.00	185,000.00	9,000.00	2,775.00	0.00		11,775.00
20060403	4012006		30109605	DRURY COLLEGE	22,000.00	3,570.00	25,570.00	238,000.00	22,000.00	3,570.00	0.00		25,570.00
20060403	4012006		30110101	ELIZABETH CITY STATE UNIVERSITY	0.00	4,050.00	4,050.00	270,000.00	0.00	4,050.00	0.00		4,050.00
20060403	4012006		30111603	FT HAYES STATE UNIVERSITY	0.00	600.00	600.00	40,000.00	0.00	600.00	0.00		600.00
20060403	4012006		30112002	GEORGE FOX COLLEGE	9,369.72	4,244.08	13,613.80	565,876.91	9,369.72	4,244.08	0.00		13,613.80
20060403	4012006		30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	25,000.00	4,462.50	29,462.50	255,000.00	25,000.00	4,462.50	0.00		29,462.50
20060403	0		30115803	KNOX COLLEGE - DORM BONDS 1966					0.00	0.00	50,750.00		50,750.00
20060403	4012006		30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	80,000.00	9,855.00	89,855.00	584,000.00	80,000.00	9,855.00	0.00		89,855.00
20060403	4012006		30122802	OCCIDENTAL COLLEGE	0.00	3,120.00	3,120.00	208,000.00	0.00	3,120.00	0.00		3,120.00
20060403	3302006		30125601	RIO GRANDE COLLEGE					5,083.33	533.75	0.00		5,617.08
20060403	4012006		30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW	165,000.00	3,540.00	168,540.00	236,000.00	165,000.00	3,540.00	0.00		168,540.00
20060403	4012006		30129802	SOUTHERN METHODIST UNIVERSITY	0.00	2,070.00	2,070.00	138,000.00	0.00	2,070.00	0.00		2,070.00
20060403	4012006		30132002	TAYLOR UNIVERSITY	0.00	2,370.00	2,370.00	158,000.00	0.00	2,370.00	0.00		2,370.00
20060403	4012006		30132402	TEXAS SOUTHERN UNIVERSITY	35,000.00	5,512.50	40,512.50	315,000.00	35,000.00	5,512.50	0.00		40,512.50
20060403	4012006		30136801	UNIVERSITY OF ST THOMAS	0.00	7,365.00	7,365.00	491,000.00	0.00	7,365.00	0.00		7,365.00
20060403	4012006		30136901	UNIV OF STEUBENVILLE	31,000.00	2,562.50	33,562.50	164,000.00	31,000.00	2,562.50	0.00		33,562.50
20060403	4012006		30140003	WHEATON COLLEGE	60,000.00	9,187.50	69,187.50	525,000.00	60,000.00	9,187.50	0.00		69,187.50
System Credits 04/04/06															922,812.13
System Debits
Bank Credit 04/04/06
Bank Debit 04/04/06 (Svc Fees)
Trustee Wire 04/04/06
20060404	4012006		30101701	AZUSA PACIFIC UNIVERSITY	12,000.00	2,737.50	14,737.50	146,000.00	12,000.00	2,737.50	0.00		14,737.50
20060404	4012006		30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE	35,000.00	6,525.00	41,525.00	435,000.00	35,000.00	6,525.00	0.00		41,525.00
20060404	4012006		30109801	DYOURVILLE COLLEGE	52,000.00	12,023.02	64,023.02	801,535.00	51,999.99	12,023.02	0.00		64,023.01
20060404	4012006		30114302	HUNTINGDON COLLEGE - DORM 1968	0.00	1,350.00	1,350.00	90,000.00	0.00	1,350.00	0.00		1,350.00
20060404	0		30118701	MCLENNAN COMMUNITY COLLEGE	105,000.00	1,575.00	106,575.00	105,000.00	105,000.00	1,575.00	0.00		106,575.00
20060404	4012006		30121101	NEW ENGLAND COLLEGE	9,000.00	1,665.00	10,665.00	111,000.00	9,000.00	1,665.00	0.00		10,665.00
20060404	4012006		30123401	PAINE COLLEGE	0.00	9,690.00	9,690.00	645,999.99	0.00	9,690.00	0.00		9,690.00
20060404	4012006		30130903	STEPHEN F AUSTIN STATE UNIVERSITY	0.00	18,680.63	18,680.63	1,107,000.00	0.00	18,680.62	0.00		18,680.62
20060404	4012006		30132003	TAYLOR UNIVERSITY	0.00	7,515.00	7,515.00	501,000.00	0.00	7,515.00	0.00		7,515.00
20060404	4012006		30134101	UNIVERSITY OF CENTRAL FLORIDA	0.00	1,950.00	1,950.00	130,000.00	0.00	1,950.00	0.00		1,950.00
20060404	4012006		30137802	VILLANOVA UNIVERSITY	50,000.00	13,275.00	63,275.00	885,000.00	50,000.00	13,275.00	0.00		63,275.00
System Credits															339,986.13
System Debits (Pymt Reversal)
Bank Credit 04/05/06																	872,062.13
Bank Credit 04/05/06																	50,750.00
Bank Debit 04/05/06
Trustee Wire 04/05/06																		922,812.13
20060405	0	30113401		HESSTON COLLEGE	23,000.00	345.00	23,345.00	23,000.00	0.00	0.00	23,345.00		23,345.00
System Credits 04/06/06															23,345.00
System Debits
Bank Credit 04/06/06																	339,986.13
Bank Debit  (Svc Fees)																			331.99
Trustee Wire 04/06/06																		339,654.14
20060406	4012006	30108801		DILLARD UNIVERSITY	31,000.00	1,035.00	32,035.00	69,000.00	31,000.00	1,035.00	0.00		32,035.00
20060406	4012006	30116801		LINFIELD COLLEGE - HALL BONDS 1968	0.00	885.00	885.00	59,000.00	0.00	885.00	0.00		885.00
20060406	4012006	30127703		SAINT NORBERT COLLEGE	51,000.00	1,425.00	52,425.00	95,000.00	51,000.00	1,425.00	0.00		52,425.00
System Credits															85,345.00
System Debits
Bank Credit 04/07/06																	23,345.00
Bank Debit 04/0706
Trustee Wire 04/07/06																		23,345.00
20060407	0	30115803		KNOX COLLEGE - DORM BONDS 1966	50,000.00	750.00	50,750.00	50,000.00	0.00	0.00	-50,750.00		(50,750.00	)
20060407	0	30115803		KNOX COLLEGE - DORM BONDS 1966					50,000.00	750.00	0.00		50,750.00
20060407	4012006	30132904		TUFTS UNIVERSITY	0.00	27,195.00	27,195.00	1,813,000.00	0.00	27,195.00	0.00		27,195.00
System Credits															77,945.00
System Debits															(50,750.00	)
Bank Credit 04/10/06																	85,345.00
Bank Debit  04/10/06
Trustee Wire 04/10/06																			85,345.00
20060410	0	30113401		HESSTON COLLEGE					0.00	—	(23,345.00	)	(23,345.00	)
20060410	0	30113401		HESSTON COLLEGE					23,000.00	345.00	—		23,345.00
20060410	4012006	30117801		MARIAN COLLEGE OF FOND DU LAC	0.00	5,625.00	5,625.00	375,000.00	0.00	5,625.00	—		5,625.00
System Credits															28,970.00
System Debits															(23,345.00	)

1

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report for April 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
Bank Credit 04/11/06														77,945.00
Bank Debit  04/11/06 (Payment Reversal)																50,750.00
Trustee Wire 04/11/06
20060411	0	30100201	ALBILON COLLEGE					0.00	—	900.00	900.00
System Credits												900.00
System Debits
Bank Credit 04/12/06														28,970.00
Bank Debit  04/12/06 (Payment Reversal)																23,345.00
Trustee Wire 04/12/06															27,195.00
Trustee Wire 04/12/06															5,625.00
Bank Credit 04/13/06														900.00
Bank Debit  04/13/06
Trustee Wire 04/13/06															900.00
20060417	4012006	30116201	LASSEN JUNIOR COLLEGE	20,000.00	5,385.00	25,385.00	359,000.00	20,000.00	5,385.00	—	25,385.00
System Credits												25,385.00
System Debits
Bank Credit 04/18/06
Bank Debit  04/18/06
Trustee Wire 04/18/06
Bank Credit 04/19/06														25,385.00
Bank Debit  04/19/06
Trustee Wire 04/19/06															25,385.00
20060419	0	30100201	ALBION COLLEGE					—	—	(900.00)	(900.00)
20060419	4012006	30100201	ALBION COLLEGE					—	720.00	—	720.00
20060419	0	30100201	ALBION COLLEGE							180.00	180.00
System Credits												900.00
System Debits												(900.00	)
Bank Credit 04/20/06
Bank Debit  04/20/06
Trustee Wire 04/20/06
20060420	4012006	30109801	DYOURVILLE COLLEGE					0.01	—	—	0.01
20060420	5012006	30114001	HOOD COLLEGE					—	3,353.12	—	3,353.12
20060420	4012006	30130903	STEPHEN F AUSTIN STATE UNIVERSITY					—	0.01	—	0.01
System Credits												3,353.14
System Debits
Bank Credit 04/21/06														720.00
Bank Credit 04/21/06														180.00
Bank Debit  04/21/06 (Payment Reversal)																900.00
Trustee Wire 04/21/06
Bank Credit 04/24/06														3,353.14
Bank Debit  04/24/06
Trustee Wire 04/24/06															3,353.14
20060424	5012006	30104605	CARNEGIE MELLON					25,000.00	10,800.00	—	35,800.00
System Credits												35,800.00
System Debits
Bank Credit 04/25/06
Bank Debit  04/25/06
Trustee Wire 04/25/06
20060425	5012006	30113801	HOFSTRA UNIVERSITY					75,358.87	17,464.85	0	92,823.72
System Credits												92,823.72
System Debits
Bank Credit 04/26/06														35,800.00
Bank Debit  04/26/06
Trustee Wire 04/26/06															35,800.00
System Credits
System Debits
Bank Credit 04/27/06														92,823.72
Bank Debit  04/27/06
Trustee Wire 04/27/06															92,823.72
20060427	0	30116903	LONG ISLAND UNIVERSITY					91,185.31	1,367.78	0	92,553.09
20060427	4272006	30116903	LONG ISLAND UNIVERSITY					—	—	0	—
20060427	5012006	30141001	YORK HOSPITAL					15,000.00	4,155.00	0	19,155.00
System Credits												111,708.09

2

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report for April 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
System Debits
Bank Credit 04/28/06
Bank Debit  04/28/06
Trustee Wire 04/28/06
Bank Credit 05/01/06
Bank Debit  05/01/06													111,708.09
Trustee Wire 05/01/06														111,708.09
			TOTALS:	1,206,369.72	217,706.48	1,424,076.20	14,232,411.90	1,417,997.23	256,100.98	180.00	1,674,278.21	1,674,278.21	1,749,273.21	1,673,946.22	75,326.99
Loans Due in Current Period and Paid in Prior Period:
10052005	4012006	30105801	CHAPMAN COLLE	20,000.00	5,250.00	25,250.00	350,000.00
10022005	4012006	30106902	COLLEGE OF SA	0.00	435.00	435.00	0.00
3302006	4012006	30111901	GAVILAN COLLE	12,000.00	180.00	12,180.00	12,000.00
3312006	4012006	30113601	HINDS JUNIOR	150,000.00	17,535.00	167,535.00	1,169,000.00
10192005	4012006	30116102	LANGSTON UNIV	135,000.00	4,125.00	139,125.00	410,000.00
10032005	4012006	30125401	RHODE ISLAND	0.00	525.00	525.00	0.00
3312006	4012006	30130301	SOUTHWEST TEX	0.00	23,550.00	23,550.00	1,570,000.00
10132005	4012006	30134901	UNIVERSITY OF	0.00	7,031.25	7,031.25	0.00
12272005	4012006	30138302	WARTBURG COLL	13,000.00	1,631.25	14,631.25	87,000.00
3302006	4012006	30139001	WEST VALLEY C	50,000.00	3,000.00	53,000.00	200,000.00
10132005	4012006	30139504	WESTERN WASHI	0.00	1,312.50	1,312.50	0.00
			TOTALS:	380,000.00	64,575.00	444,575.00	3,798,000.00
Loans Due in Current Period Not Yet Paid:
	4012006	30100201	ALBION COLLEG	0.00	720.00	720.00	48,000.00
	4012006	30107601	CONCORDIA COL	16,000.00	750.00	16,750.00	50,000.00
	4012006	30108301	DAKOTA WESLEY	0.00	1,875.00	1,875.00	125,000.00
	4012006	30133201	UNIV STU COOP	70,000.00	17,850.00	87,850.00	1,190,000.00
	4012006	30134002	UNIV CENTR AR	0.00	1,170.00	1,170.00	0.00
			TOTALS:	86,000.00	22,365.00	108,365.00	1,413,000.00
			GRAND TOTAL:	1,672,369.72	304,646.48	1,977,016.20	19,443,411.90

3

College and University Loan Trust II

Remittance Report Reconciliation

April-06

Total System Credits @ 4/30		1,674,278.21
Total Bank Credits @ 4/30		1,749,273.21
03/08/06	Ach Correction
	ACH in Transit	(50,750.00	)
	Payment Reversal	(23,345.00	)
	Payment Reversal	(900.00	)
	Payment Reversal
Adjusted Bank Credits:		1,674,278.21

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

April-06

Total Bank Credits @ 4/30		1,749,273.21
Total Debits to Trustee@ 4/30		1,673,946.22
	Ach Correction	331.99
	Mar. 06 Service Fees	50,750.00
		23,345.00
		900.00
Adjusted Debits to Trustee		1,749,273.21

GMAC Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of May 1, 2006 through May 31, 2006

Collections:
Principal Payments	1,466,756.19
Interest Payments	681,861.21
Total Principal and Interest Collections	2,148,617.40
Payments and Reversals Posted to Suspense	148,262.51
Total Collections	2,296,879.91
Less:  Servicing Fees (not withheld from remittances)	(9,407.00	)
Net Collections	2,287,472.91

GMAC Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

 For the Period of May1, 2006 through May 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal  Balance	Service Fees
5-01-2006	30100103	ALABAMA AGRIC	90,000.00	20,625.00	110,625.00	1,375,000.00	515.63
5-01-2006	30100301	ALBRIGHT COLL	0.00	5,220.00	5,220.00	348,000.00	130.50
5-01-2006	30102603	BENEDICT COLL	0.00	1,260.00	1,260.00	84,000.00	31.50
5-01-2006	30102604	BENEDICT COLL	0.00	20,835.00	20,835.00	1,389,000.00	520.88
5-01-2006	30102802	BETHANY COLLE	0.00	2,801.25	2,801.25	166,000.00	62.25
5-01-2006	30102803	BETHANY COLLE	0.00	3,000.00	3,000.00	200,000.00	75.00
5-01-2006	30102804	BETHANY COLLE	20,000.00	4,575.00	24,575.00	305,000.00	114.38
5-01-2006	30103302	BRANDEIS UNIV	11,781.22.00	2,304.62	14,085.84	153,641.54	57.62
5-01-2006	30103901	CALIFORNIA ST	0.00	3,750.00	3,750.00	250,000.00	93.75
5-01-2006	30104001	CALIFORNIA ST	0.00	750.00	750.00	50,000.00	18.75
5-01-2006	30104102	CALIFORNIA ST	0.00	11,175.00	11,175.00	745,000.00	279.38
5-01-2006	30104201	CALIFORNIA ST	0.00	29,370.00	29,370.00	1,958,000.00	734.25
5-01-2006	30104604	CARNEGIE-MELL	30,000.00	1,800.00	31,800.00	120,000.00	45.00
5-01-2006	30104605	CARNEGIE-MELL	25,000.00	10,800.00	35,800.00	720,000.00	270.00
5-01-2006	30106702	COLLEGE OF ST	17,082.20	10,838.30	27,920.50	722,553.53	270.96
5-01-2006	30106802	COLLEGE OF ST	0.00	3,330.00	3,330.00	222,000.00	83.25
5-01-2006	30107701	CONCORDIA COL	30,000.00	8,325.00	38,325.00	555,000.00	208.13
5-01-2006	30109502	DREXEL UNIVER	80,000.00	14,000.00	94,000.00	800,000.00	300.00
5-01-2006	30110401	EMMANUEL COLL	0.00	1,515.00	1,515.00	101,000.00	37.88
5-01-2006	30110802	FAIRLEIGH DIC	0.00	17,850.00	17,850.00	1,190,000.00	446.25
5-01-2006	30111301	FLORIDA INSTI	0.00	1,200.00	1,200.00	80,000.00	30.00
5-01-2006	30111802	GANNON UNIVER	0.00	5,700.00	5,700.00	379,999.98	142.50
5-01-2006	30112301	GEORGETOWN UN	0.00	32,625.00	32,625.00	2,175,000.00	815.63
5-01-2006	30112302	GEORGETOWN UN	0.00	113,300.00	113,300.00	5,665,000.00	2,124.38
5-01-2006	30113801	HOFSTRA UNIVE	75,358.87	17,464.85	92,823.72	1,164,323.49	436.62
5-01-2006	30114001	HOOD COLLEGE	0.00	3,353.12	3,353.12	185,000.00	69.38
5-01-2006	30116903	LONG ISLAND U	10,813.12	1,367.78	12,180.90	91,185.31	34.19
5-01-2006	30116904	LONG ISLAND U	37,798.30	4,781.19	42,579.49	318,746.80	119.53
5-01-2006	30117402	LYCOMING COLL	15,000.00	2,900.00	17,900.00	160,000.00	60.00
5-01-2006	30117403	LYCOMING COLL	20,000.00	4,218.75	24,218.75	224,999.99	84.37
5-01-2006	30117501	LYNCHBURG COL	30,000.00	6,337.50	36,337.50	338,000.00	126.75
5-01-2006	30117502	LYNCHBURG COL	30,000.00	7,200.00	37,200.00	480,000.00	180.00
5-01-2006	30117602	MACALESTER CO	9,661.98	5,089.68	14,751.66	339,312.14	127.24
5-01-2006	30118302	MARY BALDWIN	35,000.00	4,100.63	39,100.63	243,000.00	91.13
5-01-2006	30118401	MARYMOUNT UNI	35,000.00	6,600.00	41,600.00	440,000.00	165.00
5-01-2006	30119202	MERCER UNIVER	15,752.35	4,537.00	20,289.35	302,466.43	113.42
5-01-2006	30119801	MILLSAPS COLL	0.00	6,840.00	6,840.00	456,000.00	171.00
5-01-2006	30120402	MORAVIAN COLL	0.00	2,193.75	2,193.75	130,000.00	48.75
5-01-2006	30120601	MORGAN STATE	70,941.08	21,803.08	92,744.16	1,453,538.35	545.08
5-01-2006	30120701	MORRIS BROWN	27,000.00	1,031.25	28,031.25	55,000.00	20.63
5-01-2006	30120705	MORRIS BROWN	60,000.00	13,650.00	73,650.00	910,000.00	341.25
5-01-2006	30120706	MORRIS BROWN	40,000.00	3,000.00	43,000.00	200,000.00	75.00
5-01-2006	30120801	MORRIS COLLEG	0.00	3,780.00	3,780.00	252,000.00	94.50
5-01-2006	30122302	NORTHEASTERN	73,882.58	33,316.99	107,199.57	2,221,132.74	832.92
5-01-2006	30124901	RANDOLPH-MACO	15,000.00	2,025.00	17,025.00	135,000.00	50.63
5-01-2006	30125102	REGIS COLLEGE	0.00	4,500.00	4,500.00	300,000.00	112.50
5-01-2006	30125504	RIDER COLLEGE	0.00	20,209.38	20,209.38	1,115,000.00	418.13
5-01-2006	30125506	RIDER COLLEGE	25,000.00	4,830.00	29,830.00	322,000.00	120.75
5-01-2006	30126102	RUTGERS, THE	35,000.00	9,093.75	44,093.75	485,000.00	181.88
5-01-2006	30127602	ST MICHAELS C	69,481.84	17,378.16	86,860.00	1,158,543.67	434.45

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

 For the Period of May1, 2006 through May 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal  Balance	Service Fees
5-01-2006	30127801	ST PAULS COLL	15,498.70	4,763.39	20,262.09	317,559.01	119.08
5-01-2006	30128001	ST VINCENT CO	45,000.00	7,000.00	52,000.00	400,000.00	150.00
5-01-2006	30128301	CALIFORNIA ST	0.00	1,875.00	1,875.00	125,000.00	46.88
5-01-2006	30128401	SANGAMON STAT	30,000.00	13,050.00	43,050.00	870,000.00	326.25
5-01-2006	30128602	SEATTLE UNIVE	0.00	2,610.00	2,610.00	174,000.00	65.25
5-01-2006	30128802	SETON HILL CO	0.00	3,951.25	3,951.25	218,000.00	81.75
5-01-2006	30130703	SPRINGFIELD C	35,000.00	4,952.50	39,952.50	283,000.00	106.13
5-01-2006	30132601	TRANSYLVANIA	0.00	3,330.00	3,330.00	222,000.00	83.25
5-01-2006	30133301	UNIVERSITY OF	0.00	9,675.00	9,675.00	645,000.00	241.88
5-01-2006	30134304	UNIV OF DELAW	0.00	2,550.00	2,550.00	170,000.00	63.75
5-01-2006	30135601	UNIV N CAROLI	0.00	1,155.00	1,155.00	0.00	0.00
5-01-2006	30137501	UTICA COLLEGE	0.00	3,180.00	3,180.00	212,000.00	79.50
5-01-2006	30138101	VIRGINIA WESL	0.00	1,890.00	1,890.00	126,000.00	47.25
5-01-2006	30138102	VIRGINIA WESL	0.00	1,410.00	1,410.00	94,000.00	35.25
5-01-2006	30138702	WESLEY COLLEG	17,000.00	2,261.25	19,261.25	134,000.00	50.25
5-01-2006	30140102	WHEELING COLL	0.00	300.00	300.00	20,000.00	7.50
5-01-2006	30140201	WHEELOCK COLL	1,142.55	203.31	1,345.86	13,554.11	5.08
5-01-2006	30140502	WITTENBERG UN	45,000.00	7,875.00	52,875.00	525,000.00	196.88
5-01-2006	30140503	WITTENBERG UN	0.00	2,550.00	2,550.00	170,000.00	63.75
5-01-2006	30141001	YORK HOSPITAL	15,000.00	4,155.00	19,155.00	277,000.00	103.88
		TOTALS:	1,238,194.79	617,287.73	1,855,482.52	38,230,557.09	9,867.33
							-341.25
							-119.08
							9,407.00

2

GMAC Commercial Mortgage

College and University Loan Trust II

Paid in full Schedule

For the Period of May 1, 2006 through May 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
30107601	60530	66000	66000	0	0	4012009
30113501	60505	156310	154000	2310	0	12012010
TOTALS:		222,310.00	220,000.00	2,310.00	—

GMAC Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of May 1, 2006 through May 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
30122302	60503	0.01	0.01	0
30127602	60504	0.01	0.01	0
	TOTAL:	0.01	0.01	—

GMAC Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of  May 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity  Date
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,285,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	134,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	285,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	141,860.32	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	305,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	90,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	695,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	230,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	118,992.19	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	274,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	88,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	245,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	90,079.44	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	705,471.33	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107701	CONCORDIA COLLEGE	3.00	525,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	228,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE	3.00	400,000.00	4-01-2016
30108301	DAKOTA WESLEYAN UNIVERSITY	3.00	145,000.00	10-01-2015
30108801	DILLARD UNIVERSITY	3.00	38,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	267,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	720,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	176,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	216,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	749,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	125,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111202	FLORIDA ATLANTIC UNIVERSITY-SER A	3.00	50,000.00	7-01-2006
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011
30111803	GANNON UNIVERSITY	3.00	161,490.00	12-01-2022
30112002	GEORGE FOX COLLEGE	3.00	556,507.19	7-01-2018

1

GMAC Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of  May 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity  Date
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	225,714.79	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	834,781.86	2-01-2014
30113601	HINDS JUNIOR COLLEGE	3.00	1,019,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	143,080.76	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,088,964.62	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	230,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	24,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,662,070.94	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	715,000.00	6-01-2009
30115901	LA GRANGE COLLEGE	3.00	105,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	339,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116904	LONG ISLAND UNIVERSITY	3.00	280,948.50	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	360,000.00	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	145,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	204,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	308,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	450,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	329,650.16	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	208,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	405,000.00	5-01-2016
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	504,000.00	4-01-2012
30119202	MERCER UNIV.ACCOUNTING OFFICE	3.00	286,714.08	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	449,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,382,597.27	11-01-2014
30120705	MORRIS BROWN COLLEGE	3.00	910,000.00	5-01-2018
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	102,000.00	4-01-2016
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,202,708.12	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,147,250.15	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OFTHE ARTS	3.00	1,867,448.44	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	120,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	297,000.00	5-01-2017

2

GMAC Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of  May 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity  Date
30125601	RIO GRANDE COLLEGE	3.00	30,500.18	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	450,000.00	5-01-2016
30127402	ST MARY’S COLLEGE	3.00	315,000.00	6-01-2020
30127602	SAINT MICHAELSCOLLEGE	3.00	1,089,061.82	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	44,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	317,559.01	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	355,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	840,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	222,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW	3.00	71,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	138,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,570,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	66,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	248,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	1,107,000.00	10-01-2012
30131702	TALLADEGA COLLEGE	3.00	262,000.00	12-01-2012
30132002	TAYLOR UNIVERSITY	3.00	158,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	501,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	281,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	280,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	222,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,813,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,120,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	645,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	130,000.00	10-01-2007
30134304	UNIVERSITY OF DELAWARE	3.00	170,000.00	11-01-2006
30134305	UNIVERSITY OF DELAWARE	3.00	489,000.00	12-01-2018
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84	3.00	1,450,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	145,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	5,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	929,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	491,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	133,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	212,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	160,000.00	6-01-2008
30137702	VERMONT STATE COLLEGE	3.00	165,000.00	7-01-2014
30137802	VILLANOVA UNIVERSITY	3.00	835,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	3,060,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,366,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	126,000.00	11-01-2009
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	94,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	117,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	150,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	465,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	20,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	11,251.88	5-01-2011

3

GMAC Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of  May 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity  Date
30140502	WITTENBERG UNIVERSITY	3.00	480,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	170,000.00	11-01-2017
30140601	THE COLLEGE OF WOOSTER	3.00	14,503.60	3-30-2009
30141001	YORK HOSPITAL	3.00	262,000.00	5-01-2020
	TOTALS:		76,878,741.10

4

GMAC Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of May 31, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
30108301	DAKOTA WESLEY	4-01-2004	30,275.00	145,000.00
30120705	MORRIS BROWN	05-01-2006l	73,650.00	910,000.00
30127801	ST PAULS COLL	05-01-2006l	20,262.09	317,559.01
30134002	UNIV CENTR AR	10-01-2004	81,975.00	78,000.00
30131702	TALLADEGA COL	06-01-2005	33,705.00	265,895.00
30100102	ALAMBAMA AGRICULTURE	01-01-2006	1,125.00	75,000.00
30117204	LOUISIANA STATE	01-01-2006	570.00	38,000.00
TOTAL			241,562.09	1,829,454.01

GMAC Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of May 31, 2006

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report for May 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20060501	5012006	30111301	FLORIDA INSTITUTE OF TECHNOLOGY	—	1,200.00	1,200.00	80,000.00	—	1,200.00	—	1,200.00
20060501	5012006	30116904	LONG ISLAND UNIVERSITY	37,798.30	4,781.19	42,579.49	318,746.80	37,798.30	4,781.19	—	42,579.49
20060501	5012006	30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	—	2,610.00	2,610.00	174,000.00	—	2,610.00	—	2,610.00
20060501	5012006	30132601	TRANSYLVANIA UNIVERSITY	—	3,330.00	3,330.00	222,000.00	—	3,330.00	—	3,330.00
20060501	5012006	30138102	VIRGINA ST WESELEYAN COLLEGE					—	1,410.00	—	1,410.00
20060501	11012006	30140201	WHEELOCH COLLEGE	1,142.55	203.31	1,345.86	13,554.11	1,159.68	186.18	—	1,345.86
System Credits 05/01/06												52,475.35
System Debits 05/01/06
Bank Credit 05/01/06													5,340.80
Bank Debit 05/01/06															2,670.40
Trustee Wire 05/01/06														2,670.40
20060502	10012006	30106904	COLLEGE OF SANTA FE					—	1,770.00	—	1,770.00
20060502	5012006	30125504	RIDER COLLEGE	—	20,209.38	20,209.38	1,115,000.00	—	20,209.38	—	20,209.38
20060502	11012006	30125504	RIDER COLLEGE					—	0.01	—	0.01
20060502	5012006	30125506	RIDER COLLEGE	25,000.00	4,830.00	29,830.00	322,000.00	24,145.00	4,830.00	—	28,975.00
20060502	5012006	30125506	RIDER COLLEGE					855.00	—	—	855.00
20060502	11012006	30138102	VIRGINA ST WESELEYAN COLLEGE					480.00	1,410.00	—	1,890.00
System Credits 05/02/06												53,699.39
System Debits 05/02/06
Bank Credit 05/02/06													52,475.35
Bank Debit 05/02/06
Trustee Wire 05/02/06														52,475.35
20060503	5012006	30100103	ALABAMA AGRICULTURAL	90,000.00	20,625.00	110,625.00	1,375,000.00	90,000.00	20,625.00	—	110,625.00
20060503	5012006	30102603	BENEDICT COLLEGE	—	1,260.00	1,260.00	84,000.00	—	1,260.00	—	1,260.00
20060503	5012006	30102604	BENEDICT COLLEGE	—	20,835.00	20,835.00	1,389,000.00	—	20,835.00	—	20,835.00
20060503	5012006	30102802	BETHANY COLLEGE - DORM BOND 1965	—	2,801.25	2,801.25	166,000.00	—	2,801.25	—	2,801.25
20060503	5012006	30102803	BETHANY COLLEGE - HALL BOND 1967	—	3,000.00	3,000.00	200,000.00	—	3,000.00	—	3,000.00
20060503	5012006	30103302	BRANDEIS UNIVERSITY	11,781.22	2,304.62	14,085.84	153,641.54	11,781.22	2,304.62	—	14,085.84
20060503	0	30103302	BRANDEIS UNIVERSITY					—	—	0.01	0.01
20060503	5012006	30103901	CALIFORNIA STATE COLLEGES	—	3,750.00	3,750.00	250,000.00	—	3,750.00	—	3,750.00
20060503	5012006	30104001	CALIFORNIA STATE UNIVERSITY,	—	750.00	750.00	50,000.00	—	750.00	—	750.00
20060503	5012006	30104102	CALIFORNIA STATE UNIVERSITY,	—	11,175.00	11,175.00	745,000.00	—	11,175.00	—	11,175.00
20060503	5012006	30104201	TRUST SERVICES DIVISION	—	29,370.00	29,370.00	1,958,000.00	—	29,370.00	—	29,370.00
20060503	5012006	30104604	CARNEGIE MELLON	30,000.00	1,800.00	31,800.00	120,000.00	30,000.00	1,800.00	—	31,800.00
20060503	5012006	30106702	COLLEGE OF SAINT ROSE	17,082.20	10,838.30	27,920.50	722,553.53	17,082.20	10,838.30	—	27,920.50
20060503	5012006	30107701	CONCORDIA COLLEGE	30,000.00	8,325.00	38,325.00	555,000.00	30,000.00	8,325.00	—	38,325.00
20060503	5012006	30110802	FAIRLEIGH DICKINSON UNIV	—	17,850.00	17,850.00	1,190,000.00	—	17,850.00	—	17,850.00
20060503	5012006	30111802	GANNON UNIV. - DORM BOND 1969, SER A	—	5,700.00	5,700.00	379,999.98	—	5,700.00	—	5,700.00
20060503	5012006	30112301	GEORGETOWN UNIVERSITY	—	32,625.00	32,625.00	2,175,000.00	—	32,625.00	—	32,625.00
20060503	5012006	30117402	LYCOMING COLLEGE	15,000.00	2,900.00	17,900.00	160,000.00	15,000.00	2,900.00	—	17,900.00
20060503	5012006	30117403	LYCOMING COLLEGE	20,000.00	4,218.75	24,218.75	224,999.99	20,000.00	4,218.75	—	24,218.75
20060503	5012006	30117501	LYNCHBURG COLLEGE	30,000.00	6,337.50	36,337.50	338,000.00	30,000.00	6,337.50	—	36,337.50
20060503	5012006	30117502	LYNCHBURG COLLEGE	30,000.00	7,200.00	37,200.00	480,000.00	30,000.00	7,200.00	—	37,200.00
20060503	5012006	30117602	MACALESTER COLLEGE	9,661.98	5,089.68	14,751.66	339,312.14	9,661.98	5,089.68	—	14,751.66
20060503	5012006	30118302	MARY BALDWIN COLLEGE	35,000.00	4,100.63	39,100.63	243,000.00	35,000.00	4,100.63	—	39,100.63
20060503	5012006	30119202	MERCER UNIV. ACCOUNTING OFFICE	15,752.35	4,537.00	20,289.35	302,466.43	15,752.35	4,537.00	—	20,289.35
20060503	5012006	30120402	MORAVIAN COLLEGE	—	2,193.75	2,193.75	130,000.00	—	2,193.75	—	2,193.75
20060503	5012006	30120601	MORGAN STATE UNIVERSTIY	70,941.08	21,803.08	92,744.16	1,453,538.35	70,941.08	21,803.08	—	92,744.16
20060503	5012006	30122302	NORTHEASTERN UNIVERSITY	73,882.58	33,316.99	107,199.57	2,221,132.74	73,882.58	33,316.99	—	107,199.57
20060503	5012006	30122302	NORTHEASTERN UNIVERSITY					0.01	—	—	0.01
20060503	5012006	30124901	RANDOLPH MACON COLLEGE	15,000.00	2,025.00	17,025.00	135,000.00	15,000.00	2,025.00	—	17,025.00
20060503	5012006	30125102	REGIS COLLEGE	—	4,500.00	4,500.00	300,000.00	—	4,500.00	—	4,500.00
20060503	5012006	30126102	RUTGERS, THE STATE UNIVERSITY	35,000.00	9,093.75	44,093.75	485,000.00	35,000.00	9,093.75	—	44,093.75
20060503	5012006	30128001	SAINT VINCENT COLLEGE	45,000.00	7,000.00	52,000.00	400,000.00	45,000.00	7,000.00	—	52,000.00
20060503	5012006	30128301	CALIFORNIA STATE COLLEGES	—	1,875.00	1,875.00	125,000.00	—	1,875.00	—	1,875.00
20060503	5012006	30128401	UNIVERSITY OF ILLINOIS	30,000.00	13,050.00	43,050.00	870,000.00	30,000.00	12,600.00	—	42,600.00
20060503	5012006	30128802	SETON HILL COLLEGE	—	3,951.25	3,951.25	218,000.00	—	3,951.25	—	3,951.25
20060503	5012006	30130703	SPRINGFIELD COLLEGE	35,000.00	4,952.50	39,952.50	283,000.00	35,000.00	4,952.50	—	39,952.50
20060503	5012006	30134304	UNIVERSITY OF DELAWARE	—	2,550.00	2,550.00	170,000.00	—	2,550.00	—	2,550.00
20060503	5012006	30138702	WESLEY COLLEGE	17,000.00	2,261.25	19,261.25	134,000.00	17,000.00	2,261.25	—	19,261.25
20060503	5012006	30140102	WHEELING COLLEGE	—	300.00	300.00	20,000.00	—	300.00	—	300.00
20060503	5012006	30140502	WITTENBERG UNIVERSITY	45,000.00	7,875.00	52,875.00	525,000.00	45,000.00	7,875.00	—	52,875.00
20060503	5012006	30140503	WITTENBERG UNIVERSITY	—	2,550.00	2,550.00	170,000.00	—	2,550.00	—	2,550.00
System Credits 05/03/06												1,027,341.73
System Debits 05/03/06
Bank Credit 05/03/06													53,699.39
Bank Debit 05/03/06 (May 2006 Service Fee)															4,391.65
Trustee Wire 05/03/06														49,307.74
20060504	5012006	30102804	BETHANY COLLEGE - NOTE OF 1973	20,000.00	4,575.00	24,575.00	305,000.00	—	4,575.00	—	4,575.00
20060504	0	30110401	EMMANUEL COLLEGE					—	—	1,515.00	1,515.00
20060504	5012006	30120801	MORRIS COLLEGE	—	3,780.00	3,780.00	252,000.00	—	3,780.00	—	3,780.00
20060504	5012006	30127602	SAINT MICHAELS COLLEGE	69,481.84	17,378.16	86,860.00	1,158,543.67	69,481.84	17,378.16	—	86,860.00
20060504	5012006	30127602	SAINT MICHAELS COLLEGE					0.01	—	—	0.01
20060504	5012006	30137501	UTICA COLLEGE OF SYRACUSE	—	3,180.00	3,180.00	212,000.00	—	3,179.99	—	3,179.99
20060504	11012006	30137501	UTICA COLLEGE OF SYRACUSE					—	0.01	—	0.01
20060504	0	30140102	WHEELING COLLEGE					—	—	20,000.00	20,000.00
System Credits 05/04/06												119,910.01
System Debits 05/04/06
Bank Credit 05/04/06													1,027,341.73
Bank Debit 05/04/06
Trustee Wire 05/04/06														1,027,341.73
20060505	5012006	30100301	ALBRIGHT COLLEGE	—	5,220.00	5,220.00	348,000.00	—	5,220.00	—	5,220.00

20060505	5012006	30102804	BETHANY COLLEGE - NOTE OF 1973					20,000.00	—	—	20,000.00
20060505	5012006	30106802	COLLEGE OF ST. THOMAS	—	3,330.00	3,330.00	222,000.00	—	3,330.00	—	3,330.00
20060505	5012006	30109502	DREXEL UNIVERSITY	80,000.00	14,000.00	94,000.00	800,000.00	80,000.00	14,000.00	—	94,000.00
20060505	0	30113501	HIGH POINT COLLEGE					154,000.00	2,310.00	—	156,310.00
20060505	5012006	30118401	MARYMOUNT UNIVERSITY	35,000.00	6,600.00	41,600.00	440,000.00	35,000.00	6,600.00	—	41,600.00
20060505	5012006	30119801	MILLSAPS COLLEGE	—	6,840.00	6,840.00	456,000.00	—	6,840.00	—	6,840.00
20060505	0	30140102	WHEELING COLLEGE					—	—	(20,000.00)	(20,000.00)
System Credits 05/05/06												327,300.00
System Debits 05/05/06												(20,000.00)
Bank Credit 05/05/06													119,910.01
Bank Debit 05/05/06
Trustee Wire 05/05/06														119,910.01
System Credits 05/08/06
System Debits 05/08/06
Bank Credit 05/08/06													327,300.00
Bank Debit 05/08/06 (Payment Reversal)															20,000.00
Trustee Wire 05/08/06														307,300.00
20060509	0	30110401	EMMANUEL COLLEGE	—	1,515.00	1,515.00	101,000.00	—	—	(1,515.00)	(1,515.00)
20060509	5012006	30110401	EMMANUEL COLLEGE					—	1,515.00	—	1,515.00
20060509	5012006	30112302	GEORGETOWN UNIVERSITY	—	113,300.00	113,300.00	5,665,000.00	—	113,300.00	—	113,300.00
20060509	0	30131702	TALLADEGA COLLEGE					—	—	2,925.00	2,925.00
20060509	5012006	30133301	UNIVERSITY OF ALABAMA	—	9,675.00	9,675.00	645,000.00	—	9,674.99	—	9,674.99
20060509	11012006	30133301	UNIVERSITY OF ALABAMA					—	0.01	—	0.01
20060509	5012006	30138101	VIRGINIA WESELAN COLLEGE	—	1,890.00	1,890.00	126,000.00	—	1,890.00	—	1,890.00
20060509	11012006	30138102	VIRGINA ST WESELEYAN COLLEGE	—	1,410.00	1,410.00	94,000.00	(480.00)	(1,410.00)	—	(1,890.00)
System Credits 05/09/06												129,305.00
System Debits 05/09/06												(3,405.00)
Bank Credit 05/09/06
Bank Debit 05/09/06
Trustee Wire 05/09/06
20060510	0	30131702	TALLADEGA COLLEGE					—	—	(2,925.00)	(2,925.00)
20060510	12012000	30131702	TALLADEGA COLLEGE					2,925.00	—	—	2,925.00
System Credits 05/10/06												2,925.00
System Debits 05/10/06												(2,925.00)
Bank Credit 05/10/06													254,755.00
Bank Debit 05/10/06															128,855.00
Trustee Wire 05/10/06														125,900.00
System Credits 05/11/06
System Debits 05/11/06
Bank Credit 05/11/06													2,925.00
Bank Debit 05/11/06 (Payment Reversal)															2,925.00
Trustee Wire 05/11/06
20060517	10012004	30107601	CONCORDIA COLLEGE					—	990.00	—	990.00
20060517	4012005	30107601	CONCORDIA COLLEGE					—	990.00	—	990.00
System Credits 05/17/06												1,980.00
System Debits 05/17/06
Bank Credit 05/17/06
Bank Debit 05/17/06
Trustee Wire 05/17/06
20060518	9012004	30104801	CARROLL COLLEGE - DORM BOND 1965					—	6,075.00	—	6,075.00
20060518	3012005	30104801	CARROLL COLLEGE - DORM BOND 1965					12,750.00	6,075.00	—	18,825.00
20060518	9012005	30104801	CARROLL COLLEGE - DORM BOND 1965					—	5,625.00	—	5,625.00
20060518	3012006	30104801	CARROLL COLLEGE - DORM BOND 1965					—	5,625.00	—	5,625.00
20060518	3012005	30104801	CARROLL COLLEGE - DORM BOND 1965					5,625.00	—	—	5,625.00
20060518	3012005	30104801	CARROLL COLLEGE - DORM BOND 1965					5,625.00	—	—	5,625.00
20060518	3012006	30104801	CARROLL COLLEGE - DORM BOND 1965					26,000.00	—	—	26,000.00
20060518	4012004	30133201	UNIV STUDENT COOP HOUSING					65,000.00	—	—	65,000.00
20060518	4012004	30133201	UNIV STUDENT COOP HOUSING					—	19,875.00	—	19,875.00
20060518	10012004	30133201	UNIV STUDENT COOP HOUSING					—	18,900.00	—	18,900.00
20060518	4012005	30133201	UNIV STUDENT COOP HOUSING					70,000.00	—	—	70,000.00
20060518	4012005	30133201	UNIV STUDENT COOP HOUSING					—	18,900.00	—	18,900.00
20060518	10012005	30133201	UNIV STUDENT COOP HOUSING				��	—	17,850.00	—	17,850.00
20060518	4012006	30133201	UNIV STUDENT COOP HOUSING					70,000.00	—	—	70,000.00
20060518	4012006	30133201	UNIV STUDENT COOP HOUSING					—	17,850.00	—	17,850.00
System Credits 05/18/06												371,775.00
System Debits 05/18/06
Bank Credit 05/18/06													1,980.00
Bank Debit 05/18/06
Trustee Wire 05/18/06														1,980.00
System Credits 05/19/06
System Debits 05/19/06
Bank Credit 05/19/06													371,775.00
Bank Debit 05/19/06
Trustee Wire 05/19/06														371,775.00
20060522	6012006	30105701	CHAMPLAIN COLLEGE, INC.					5,319.94	1,430.99	—	6,750.93

System Credits 05/22/06													6,750.93
System Debits 05/22/06
Bank Credit 05/22/06
Bank Debit 05/22/06
Trustee Wire 05/22/06
20060523	12012000	30131702		TALLADEGA COLLEGE					970.00	—	—	970.00
System Credits 05/23/06													970.00
System Debits 05/23/06
Bank Credit 05/23/06														6,750.93
Bank Debit 05/23/06
Trustee Wire 05/23/06															6,750.93
System Credits 05/24/06
System Debits 05/24/06
Bank Credit 05/24/06														970.00
Bank Debit 05/24/06
Trustee Wire 05/24/06															970.00
20060526	6012006	30105101		CATAWBA COLLEGE					13,000.00	1,515.00	—	14,515.00
System Credits 05/26/06													14,515.00
System Debits 05/26/06
Bank Credit 05/26/06
Bank Debit 05/26/06
Trustee Wire 05/26/06
20060530	0	30107601		CONCORDIA COLLEGE					66,000.00	—	—	66,000.00
20060530	0	30108301		DAKOTA WESLEYAN UNIVERSITY					—	—	148,262.50	148,262.50
System Credits 05/30/06													214,262.50
System Debits 05/30/06
Bank Credit 05/30/06														14,515.00
Bank Debit 05/30/06
Trustee Wire 05/30/06															14,515.00
System Credits 05/31/06
System Debits 05/31/06
Bank Credit 05/31/06														214,262.50
Bank Debit 05/31/06
Trustee Wire 05/31/06															214,262.50
			TOTALS:		969,524.10	556,547.34	1,526,071.44	34,310,489.28	1,466,756.19	681,861.21	148,262.51	2,296,879.91	2,296,879.91	2,454,000.71	2,295,158.66	158,842.05
Loans Due in Current Period and Paid in Prior Period:
04242006	5012006	30104605		CARNEGIE-MELL	25,000.00	10,800.00	35,800.00	720,000.00
04242006	5012006	30113801		HOFSTRA UNIVE	75,358.87	17,464.85	92,823.72	1,164,323.49
04202006	5012006	30114001		HOOD COLLEGE	0.00	3,353.12	3,353.12	185,000.00
03312006	5012006	30120701		MORRIS BROWN	27,000.00	1,031.25	28,031.25	55,000.00
03312006	5012006	30120706		MORRIS BROWN	40,000.00	3,000.00	43,000.00	200,000.00
11022005	5012006	30135601		UNIV N CAROLI	0.00	1,155.00	1,155.00	0.00
				TOTALS:	167,358.87	36,804.22	204,163.09	2,324,323.49
Loans Due in Current Period Not Yet Paid:
	5012006	30120705		MORRIS BROWN	60,000.00	13,650.00	73,650.00	910,000.00
	5012006	30127801		ST PAULS COLL	15,498.70	4,763.39	20,262.09	317,559.01
				TOTALS:	75,498.70	18,413.39	93,912.09	1,227,559.01
				GRAND TOTAL:	1,212,381.67	611,764.95	1,824,146.62	37,862,371.78

College and University Loan Trust II

Remittance Report Reconciliation

May-06

Total System Credits @ 5/31		2,296,879.91
Total Bank Credits @ 5/31		2,454,000.71
04/30/06	ACH in Transit	(2,670.40	)
05/01/06	ACH Correction	(2,670.40	)
05/10/06	ACH Correction	(128,855.00	)
05/05/06	Payment Reversal	(20,000.00	)
05/10/06	Payment Reversal	(2,925.00	)
Adjusted Bank Credits:		2,296,879.91

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

May-06

Total Bank Credits @ 5/31		2,454,000.71
Total Debits to Trustee@ 5/31		2,295,158.66
		—
	Ach in Transit	4,391.65
05/03/06	May 2006 Service Fees	2,670.40
05/01/06	ACH Correction	128,855.00
05/10/06	ACH Correction	20,000.00
05/05/06	Payment Reversal	2,925.00
05/10/06	Payment Reversal
Adjusted Debits to Trustee		2,454,000.71

GMAC Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period o June 1, 2006 through June 30, 2006

Collections:
Principal Payments	2,159,770.10
Interest Payments	240,230.35
Total Principal and Interest Collections	2,400,000.45
Payments and Reversals Posted to Suspense	8,339.99
Total Collections	2,408,340.44
Less: Servicing Fees (not withheld from remittances)	(2,338.88	)
Net Collections	2,406,001.56

GMAC Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of June 1, 2006 through June 30, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
6012006	30101601	AUBURN UNIVER	0	23325	23325	1555000	583.13
6012006	30104702	CARROLL COLLE	22000	4312.5	26312.5	230000	86.25
6012006	30104703	CARROLL COLLE	3958.11	1784.88	5742.99	118992.19	44.62
6012006	30105101	CATAWBA COLLE	13000	1515	14515	101000	37.88
6012006	30105701	CHAMPLAIN COL	5319.94	1430.99	6750.93	95399.38	35.77
6012006	30111803	GANNON UNIVER	3675.83	2422.35	6098.18	161490	60.56
6012006	30112202	GEORGETOWN CO	0	2475	2475	165000	61.88
6012006	30112203	GEORGETOWN CO	0	5325	5325	355000	133.13
6012006	30113501	HIGH POINT CO	15000	2310	17310	154000	57.75
6012006	30115001	JAMES MADISON	170000	10725	180725	715000	268.13
6012006	30116601	LENOIR RHYNE	0	285	285	19000	7.13
6012006	30117002	LONG ISLAND U	35000	6525	41525	360000	135.00
6012006	30119903	MISSISSIPPI S	0	17475	17475	1165000	436.88
6012006	30121501	NORFOLK STATE	54136.16	33040.62	87176.78	2202708.12	826.02
6012006	30122701	NOVA UNIVERSI	0	1350	1350	90000	33.75
6012006	30127402	ST MARY’S COL	9000	4725	13725	315000	118.13
6012006	30131702	TALLADEGA COL	18000	3480	21480	232000	87.00
6012006	30134305	UNIVERSITY OF	15000	7335	22335	489000	183.38
6012006	30136002	UNIVERSITY OF	140000	13935	153935	929000	348.38
6012006	30137701	VERMONT STATE	50000	2400	52400	160000	60.00
6012006	30137901	VINCENNES UNI	130000	45900	175900	3060000	1,147.50
6012006	30138001	VIRGINIA COMM	210000	20505	230505	1366999.99	512.62
		TOTALS:	894,090.04	212,581.34	1,106,671.38	14,039,589.68	2,338.88

1

GMAC Commercial Mortgage

College and University Loan Trust II

Paid in full Schedule

For the Period of June 1, 2006 through June 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
30120705	60607	923,650.00	910,000.00	13,650.00	0	5012018
30131702	60626	262,000.00	262,000.00	—	0	12012012
TOTALS:		1,185,650.00	1,172,000.00	13,650.00	—

GMAC Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of May 1, 2006 through May 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to report this period
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of June 30, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,285,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	134,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	285,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	141,860.32	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	305,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	90,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	695,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	208,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	115,034.08	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	274,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	88,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	245,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	90,079.44	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	705,471.33	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107701	CONCORDIA COLLEGE	3.00	525,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	228,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	400,000.00	4-01-2016
30108301	DAKOTA WESLEYAN UNIVERSITY	3.00	145,000.00	10-01-2015
30108801	DILLARD UNIVERSITY	3.00	38,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	267,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	720,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	176,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	216,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	749,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	125,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111202	FLORIDA ATLANTIC UNIVERSITY-SER A	3.00	50,000.00	7-01-2006
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011
30111803	GANNON UNIVERSITY	3.00	157,814.17	12-01-2022
30112002	GEORGE FOX COLLEGE	3.00	556,507.19	7-01-2018

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	225,714.79	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	834,781.86	2-01-2014
30113601	HINDS JUNIOR COLLEGE	3.00	1,019,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	143,080.76	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,088,964.62	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	230,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	24,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,662,070.94	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	545,000.00	6-01-2009
30115901	LA GRANGE COLLEGE	3.00	105,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	339,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116904	LONG ISLAND UNIVERSITY	3.00	280,948.50	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	325,000.00	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	145,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	204,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	308,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	450,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	329,650.16	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	208,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	405,000.00	5-01-2016
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	504,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	286,714.08	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	449,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,382,597.27	11-01-2014
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	102,000.00	4-01-2016
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,148,571.96	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,147,250.15	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OF THE ARTS	3.00	1,867,448.44	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	120,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	297,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	30,500.18	3-30-2009

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	450,000.00	5-01-2016
30127402	ST MARY’S SCHOOL	3.00	306,000.00	6-01-2020
30127602	SAINT MICHAELS COLLEGE	3.00	1,089,061.82	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	44,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	317,559.01	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	355,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	840,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	222,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	71,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	138,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,570,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	66,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	248,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	1,107,000.00	10-01-2012
30132002	TAYLOR UNIVERSITY	3.00	158,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	501,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	281,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	280,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	222,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,813,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,120,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	645,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	130,000.00	10-01-2007
30134304	UNIVERSITY OF DELAWARE	3.00	170,000.00	11-01-2006
30134305	UNIVERSITY OF DELAWARE	3.00	474,000.00	12-01-2018
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84	3.00	1,305,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	145,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	5,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	789,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	491,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	133,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	212,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	110,000.00	6-01-2008
30137702	VERMONT STATE COLLEGE	3.00	165,000.00	7-01-2014
30137802	VILLANOVA UNIVERSITY	3.00	835,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	2,930,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,156,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	126,000.00	11-01-2009
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	94,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	117,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	150,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	465,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	20,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	11,251.88	5-01-2011
30140502	WITTENBERG UNIVERSITY	3.00	480,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	170,000.00	11-01-2017

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30140601	THE COLLEGE OF WOOSTER	3.00	14,503.60	3-30-2009
30141001	YORK HOSPITAL	3.00	262,000.00	5-01-2020
	TOTALS:		74,718,971.00

4

GMAC Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of June 30, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
30108301	DAKOTA WESLEY	4-01-2004	30,275.00	145,000.00
30127801	ST PAULS COLL	05-01-2006l	20,262.09	317,559.01
30134002	UNIV CENTR AR	10-01-2004	81,975.00	78,000.00
30100102	ALAMBAMA AGRICULTURE	01-01-2006	1,125.00	75,000.00
30117204	LOUISIANA STATE	01-01-2006	570.00	38,000.00
TOTAL:			134,207.09	653,559.01

GMAC Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of June 30, 2006

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report for June 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid		Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20060601	6012006	30101601	AUBURN UNIVERSITY	0.00	23,325.00	23,325.00	1,555,000.00	0.00	23,325.00	0.00		23,325.00
20060601	6012006	30104702	CARROLL COLLEGE	22,000.00	4,312.50	26,312.50	230,000.00	22,000.00	4,312.50	0.00		26,312.50
20060601	6012006	30104703	CARROLL COLLEGE	3,958.11	1,784.88	5,742.99	118,992.19	3,958.11	1,784.88	0.00		5,742.99
20060601	6012006	30112202	GEORGETOWN COLLEGE	0.00	2,475.00	2,475.00	165,000.00	0.00	2,475.00	0.00		2,475.00
20060601	6012006	30112203	GEORGETOWN COLLEGE	0.00	5,325.00	5,325.00	355,000.00	0.00	5,325.00	0.00		5,325.00
20060601	6012006	30115001	JAMES MADISON UNIVERSITY	170,000.00	10,725.00	180,725.00	715,000.00	170,000.00	10,725.00	0.00		180,725.00
20060601	6012006	30117002	LONG ISLAND UNIVERSITY	35,000.00	6,525.00	41,525.00	360,000.00	35,000.00	6,525.00	—		41,525.00
20060601	6012006	30121501	NORFOLK STATE UNIVERSITY	54,136.16	33,040.62	87,176.78	2,202,708.12	54,136.16	33,040.62	—		87,176.78
20060601	0	30121501	NORFOLK STATE UNIVERSITY					—	—	0.01		0.01
20060601	6012006	30134305	UNIVERSITY OF DELAWARE	15,000.00	7,335.00	22,335.00	489,000.00	15,000.00	7,335.00	—		22,335.00
20060601	6012006	30136002	UNIVERSITY OF PUERTO RICO	140,000.00	13,935.00	153,935.00	929,000.00	140,000.00	13,935.00	—		153,935.00
20060601	6012006	30137901	VINCENNES UNIVERSITY	130,000.00	45,900.00	175,900.00	3,060,000.00	130,000.00	45,900.00	—		175,900.00
20060601	6012006	30138001	VIRGINIA COMMONWEALTH	210,000.00	20,505.00	230,505.00	1,366,999.99	210,000.00	20,505.00	0.00		230,505.00
System Credits 06/01/06														955,282.28
System Debits 06/01/06
Bank Credit 06/01/06
Bank Debit 06/01/06
Trustee Wire 06/01/06
20060602	6012006	30111803	GANNON UNIVERSITY	3,675.83	2,422.35	6,098.18	161,490.00	3,675.83	2,422.35	—		6,098.18
20060602	0	30120705	MORRIS BROWN COLLEGE					—	—	927,150.00		927,150.00
System Credits 06/02/06														933,248.18
System Debits 06/02/06
Bank Credit 06/02/06																955,282.28
Bank Debit 06/02/06
Trustee Wire 06/02/06																	955,282.28
System Credits 06/05/06
System Debits 06/05/06
Bank Credit 06/05/06																939,346.36
Bank Debit 06/05/06																		6,098.18
Trustee Wire 06/05/06																	933,248.18
20060606	6012006	30137701	VERMONT STATE COLLEGE	50,000.00	2,400.00	52,400.00	160,000.00	50,000.00	2,399.98	—		52,399.98
20060606	12012006	30137701	VERMONT STATE COLLEGE					—	0.02	—		0.02
System Credits 06/06/06														52,400.00
System Debits 06/06/06
Bank Credit 06/06/06
Bank Debit 06/06/06
Trustee Wire 06/06/06
20060607	6012006	30119903	MISSISSIPPI STATE UNIVERSITY	—	17,475.00	17,475.00	1,165,000.00	—	17,475.00	—		17,475.00
20060607	0	30120705	MORRIS BROWN COLLEGE					—	—	(927,150.00	)	(927,150.00	)
20060607	0	30120705	MORRIS BROWN COLLEGE					910,000.00	13,650.00	—		923,650.00
20060607	6072006	30120705	MORRIS BROWN COLLEGE					—	—	—		—
System Credits 06/07/06														941,125.00
System Debits 06/07/06														(927,150.00
Bank Credit 06/07/06																52,400.00
Bank Debit 06/07/06
Trustee Wire 06/07/06																	42,993.00
System Credits 06/08/06
System Debits 06/08/06
Bank Credit 06/08/06																941,125.00
Bank Debit 06/08/06 (Service Fees)																		9,407.00
Bank Debit 06/08/06																		927,150.00
Trustee Wire 06/08/06																	13,975.00
20060615	0	30132003	TAYLOR UNIVERSITY					—	—	(8,340.00	)	(8,340.00	)
System Credits 06/15/06														(8,340.00	)
System Debits 06/15/06
Bank Credit 06/15/06
Bank Debit 06/15/06
Trustee Wire 06/15/06

System Credits 06/16/06
System Debits 06/16/06
Bank Credit 06/16/06
Bank Debit 06/16/06
Trustee Wire 06/16/06															8,340.00
20060623	6012006	30127402	ST MARY’S SCHOOL	9,000.00	4,725.00	13,725.00	315,000.00	9,000.00	4,725.00	—		13,725.00
System Credits 06/23/06													13,725.00
System Debits 06/23/06
Bank Credit 06/23/06
Bank Debit 06/23/06
Trustee Wire 06/23/06
20060626	12012004	30131702	TALLADEGA COLLEGE	18,000.00	3,480.00	21,480.00	232,000.00	262,000.00	—	—		262,000.00
20060626	0	30131702	TALLADEGA COLLEGE					—	2,620.00	—		2,620.00
System Credits 06/26/06													264,620.00
System Debits 06/26/06
Bank Credit 06/26/06														13,725.00
Bank Debit 06/26/06
Trustee Wire 06/26/06															5,400.03
System Credits 06/27/06
System Debits 06/27/06
Bank Credit 06/27/06														264,620.00
Bank Debit 06/27/06
Trustee Wire 06/27/06															264,620.00
20060630	7012006	30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84					145,000.00	21,750.00	—		166,750.00
System Credits 06/30/06													166,750.00
System Debits 06/30/06
Bank Credit 06/30/06
Bank Debit 06/30/06
Trustee Wire 06/30/06
			TOTALS:	860,770.10	205,690.35	1,066,460.45	13,580,190.30	2,159,770.10	240,230.35	(8,339.99	)	2,391,660.46	2,391,660.46	3,166,498.64	2,223,858.49	942,655.18
Loans Due in Current Period and Paid in Prior Period:
5262006	6012006	30105101	CATAWBA COLLE	13,000.00	1,515.00	14,515.00	101,000.00
5222006	6012006	30105701	CHAMPLAIN COL	5,319.94	1,430.99	6,750.93	95,399.38
5052006	6012006	30113501	HIGH POINT CO	15,000.00	2,310.00	17,310.00	154,000.00
12192005	6012006	30116601	LENOIR RHYNE	0.00	285.00	285.00	19,000.00
12012005	6012006	30122701	NOVA UNIVERSI	0.00	1,350.00	1,350.00	90,000.00
			TOTALS:	33,319.94	6,890.99	40,210.93	459,399.38
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	894,090.04	212,581.34	1,106,671.38	14,039,589.68

College and University Loan Trust II

Remittance Report Reconciliation

June-06

Total System Credits @ 6/30/06			2,391,660.46
Total Bank Credits @ 6/30/06			3,166,498.64
	ACH in Transit		—
	Escrow Held Payment		—
	ACH Correction	06/05/06	(6,098.18	)
	Payment Reversal	06/07/06	(927,150.00	)
	Payment Reversal	06/15/06	(8,340.00	)
	ACH in Transit		166,750.00
Adjusted Bank Credits:			2,391,660.46

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

June-06

Total Bank Credits @ 6/30/06			3,166,498.64
Total Debits to Trustee@ 6/30/06			2,223,858.49
	Ach in Transit		—
	ACH Correction	06/05/06	6,098.18
	ACH Correction	06/08/06	927,150.00
	Service Fees	06/08/06	9,407.00
	Misc. Escrow Balance	03-0127402	(15.03	)
	Payment Reversal		—
Adjusted Debits to Trustee			3,166,498.64

GMAC Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of July 1, 2006 through  July 31, 2006

Collections:
Principal Payments	486,231.67
Interest Payments	96,095.07
Total Principal and Interest Collections	582,326.74
Payments and Reversals Posted to Suspense	—
Total Collections	582,326.74
Less: Servicing Fees (not withheld from remittances)	(2,906.18	)
Net Collections	579,420.56

GMAC Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of July 1, 2006 through July 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
7012006	30100102	ALABAMA AGRIC	0	1125	1125	75000	28.13
7012006	30105404	CENTRAL MISSO	120000	3675	123675	245000	91.88
7012006	30111202	FLORIDA ATLAN	50000	750	50750	50000	18.75
7012006	30112002	GEORGE FOX CO	9440	4173.8	13613.8	556507.19	208.69
7012006	30112901	HAMPSHIRE COL	13530.36	3385.72	16916.08	225714.79	84.64
7012006	30114802	INTER AMERICA	67866.14	24931.06	92797.2	1662070.94	623.28
7012006	30117204	LOUISIANA STA	0	570	570	38000	14.25
7012006	30117205	LOUISIANA STA	15000	225	15225	30000	11.25
7012006	30120501	MOREHOUSE COL	60000	6749.99	66749.99	449999.5	168.75
7012006	30121201	NEWARK BETH I	0	7159.38	7159.38	395000	148.13
7012006	30123701	PHILADELPHIA	45896.47	28011.73	73908.2	1867448.44	700.29
7012006	30129101	SIMPSON COLLE	18000	3330	21330	222000	83.25
7012006	30132301	TEXAS A & I U	70000	4215	74215	281000	105.38
7012006	30134402	UNIVERSITY OF	145000	21750	166750	1450000	543.75
7012006	30135701	UNIVERSITY OF	0	2175	2175	145000	54.38
7012006	30135702	UNIV N CAROLI	0	75	75	5000	1.88
7012006	30137702	VERMONT STATE	16000	2475	18475	165000	61.88
		TOTALS:	630,732.97	114,776.68	745,509.65	7,862,740.86	2,948.56

1

GMAC Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of July 1, 2006 through July 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
30111202	07/03/06	50,750.00	50,000.00	750.00	—	07/01/06
TOTALS:		50,750.00	50,000.00	750.00	—

GMAC Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of July 1, 2006 through July 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to report this period
TOTAL:		—	—	—

GMAC Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of July 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,285,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	134,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	285,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	141,860.32	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	305,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	90,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	695,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	208,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	115,034.08	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	274,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	88,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	125,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	90,079.44	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	705,471.33	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107701	CONCORDIA COLLEGE	3.00	525,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	228,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	400,000.00	4-01-2016
30108301	DAKOTA WESLEYAN UNIVERSITY	3.00	145,000.00	10-01-2015
30108801	DILLARD UNIVERSITY	3.00	38,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	267,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	720,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	176,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	216,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	749,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	125,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011
30111803	GANNON UNIVERSITY	3.00	157,814.17	12-01-2022
30112002	GEORGE FOX COLLEGE	3.00	547,067.19	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	212,184.43	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	834,781.86	2-01-2014
30113601	HINDS JUNIOR COLLEGE	3.00	1,019,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	143,080.76	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,088,964.62	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	230,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	24,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,594,204.80	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	545,000.00	6-01-2009
30115901	LA GRANGE COLLEGE	3.00	105,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	339,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116904	LONG ISLAND UNIVERSITY	3.00	280,948.50	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	325,000.00	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	145,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	204,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	308,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	450,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	329,650.16	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	208,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	405,000.00	5-01-2016
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	504,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	286,714.08	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	389,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,382,597.27	11-01-2014
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	102,000.00	4-01-2016
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,148,571.96	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,147,250.15	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OF THE ARTS	3.00	1,821,551.97	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	120,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	297,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	30,500.18	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	450,000.00	5-01-2016

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30127402	ST MARY’S SCHOOL	3.00	306,000.00	6-01-2020
30127602	SAINT MICHAELS COLLEGE	3.00	1,089,061.82	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	44,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	302,060.31	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	355,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	840,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	204,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	71,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	138,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,570,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	66,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	248,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	1,107,000.00	10-01-2012
30132002	TAYLOR UNIVERSITY	3.00	158,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	501,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	211,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	280,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	222,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,813,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,120,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	645,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	130,000.00	10-01-2007
30134304	UNIVERSITY OF DELAWARE	3.00	170,000.00	11-01-2006
30134305	UNIVERSITY OF DELAWARE	3.00	474,000.00	12-01-2018
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84	3.00	1,305,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	145,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	5,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	789,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	491,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	133,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	212,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	110,000.00	6-01-2008
30137702	VERMONT STATE COLLEGE	3.00	149,000.00	7-01-2014
30137802	VILLANOVA UNIVERSITY	3.00	835,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	2,930,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,156,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	126,000.00	11-01-2009
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	94,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	117,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	150,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	465,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	20,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	11,251.88	5-01-2011
30140502	WITTENBERG UNIVERSITY	3.00	480,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	170,000.00	11-01-2017
30140601	THE COLLEGE OF WOOSTER	3.00	14,503.60	3-30-2009

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30141001	YORK HOSPITAL	3.00	262,000.00	5-01-2020
	TOTALS:		74,232,739.33

4

GMAC Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of July 31, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
30134002	UNIV CENTR AR	10/01/04	465.00	78,000.00
30100102	ALABAMA AGRIC	01/01/06	1,125.00	75,000.00
30117204	LOUISIANA STA	01/01/06	570.00	38,000.00
TOTAL:			2,160.00	191,000.00

GMAC Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of July 31, 2006

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report for July 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
System Credits 7/1
System Debits 7/1
Bank Credit 7/1
Bank Debit 7/1
Trustee Wire 7/1
System Credits 7/2
System Debits 7/2
Bank Credit 7/2
Bank Debit 7/2
Trustee Wire 7/2
07/03/06	07/01/06	30111202	FLORIDA ATLANTIC UNIVERSITY-SER A	50,000.00	750.00	50,750.00	50,000.00	50,000.00	750.00	—	50,750.00
07/03/06	07/01/06	30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	67,866.14	24,931.06	92,797.20	1,662,070.94	67,866.14	24,931.06	—	92,797.20
07/03/06	07/01/06	30117205	LA. STATE UNIV. 1966 BOND SER C	15,000.00	225.00	15,225.00	30,000.00	—	225.00	—	225.00
07/03/06	07/01/06	30120501	MOREHOUSE COLLEGE	60,000.00	6,749.99	66,749.99	449,999.50	60,000.00	6,749.99	—	66,749.99
07/03/06	07/01/06	30129101	SIMPSON COLLEGE - BOND 1966	18,000.00	3,330.00	21,330.00	222,000.00	18,000.00	3,330.00	—	21,330.00
07/03/06	07/01/06	30135701	UNIVERSITY OF NORTH CAROLINA	—	2,175.00	2,175.00	145,000.00	—	2,175.00	—	2,175.00
07/03/06	07/01/06	30135702	UNIVERSITY OF NORTH CAROLINA	—	75.00	75.00	5,000.00	—	75.00	—	75.00
System Credits 7/3												234,102.19
System Debits 7/3
Bank Credit 7/3													166,750.00
Bank Debit 7/3														166,750.00
Trustee Wire 7/3
System Credits 7/4
System Debits 7/4
Bank Credit 7/4					��
Bank Debit 7/4
Trustee Wire 7/4
07/05/06	07/01/06	30105404	CENTRAL MISSOURI STATE	120,000.00	3,675.00	123,675.00	245,000.00	120,000.00	3,675.00	—	123,675.00
07/05/06	07/01/06	30112901	HAMPSHIRE COLLEGE	13,530.36	3,385.72	16,916.08	225,714.79	13,530.36	3,385.72	—	16,916.08
07/05/06	07/01/06	30121201	NEWARK BETH ISREAL MEDICAL CENTER	—	7,159.38	7,159.38	395,000.00	—	7,159.31	—	7,159.31
07/05/06	10/01/07	30121201	NEWARK BETH ISREAL MEDICAL CENTER					—	0.07	—	0.07
07/05/06	07/01/06	30123701	UNIVERSITY OF THE ARTS	45,896.47	28,011.73	73,908.20	1,867,448.44	45,896.47	28,011.73	—	73,908.20
System Credits 7/5												221,658.66
System Debits 7/5
Bank Credit 7/5													234,102.19
Bank Debit 7/5
Trustee Wire 7/5														234,102.19
07/06/06	07/01/06	30112002	GEORGE FOX COLLEGE	9,440.00	4,173.80	13,613.80	556,507.19	9,440.00	4,173.80	—	13,613.80
System Credits 7/6												13,613.80
System Debits 7/6
Bank Credit 7/6													221,658.66
Bank Debit 7/6 (Service Fee)															2,338.88
Trustee Wire 7/6														219,319.78
System Credits 7/7
System Debits 7/7
Bank Credit 7/7													13,613.80
Bank Debit 7/7
Trustee Wire 7/7														13,613.80
System Credits 7/8
System Debits 7/8
Bank Credit 7/8
Bank Debit 7/8
Trustee Wire 7/8

System Credits 7/9
System Debits 7/9
Bank Credit 7/9
Bank Debit 7/9
Trustee Wire 7/9
07/10/06	07/01/06	30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	70,000.00	4,215.00	74,215.00	281,000.00	70,000.00	4,215.00		—		74,215.00
System Credits 7/10															74,215.00
System Debits 7/10
Bank Credit 7/10
Bank Debit 7/10
Trustee Wire 7/10
07/11/06	01/00/00	30127801	SAINT PAULS COLLEGE					—	—		20,262.09		20,262.09
07/11/06	07/01/06	30137702	VERMONT STATE COLLEGE	16,000.00	2,475.00	18,475.00	165,000.00	15,000.00	2,475.00		—		17,475.00
System Credits 7/11															37,737.09
System Debits 7/11
Bank Credit 7/11																74,215.00
Bank Debit 7/11										��
Trustee Wire 7/11																	74,215.00
07/12/06	01/00/00	30127801	SAINT PAULS COLLEGE					—	—		(20,262.09	)	(20,262.09	)
07/12/06	05/01/06	30127801	SAINT PAULS COLLEGE					15,498.70	4,763.39		—		20,262.09
System Credits 7/12															—
System Debits 7/12
Bank Credit 7/12																37,737.09
Bank Debit 7/12
Trustee Wire 7/12																	37,737.09
System Credits 7/13
System Debits 7/13
Bank Credit 7/13																20,262.09
Bank Debit 7/13 (Payment Reversal)																		20,262.09
Trustee Wire 7/13
System Credits 7/14
System Debits 7/14
Bank Credit 7/14
Bank Debit 7/14
Trustee Wire 7/14
System Credits 7/15
System Debits 7/15
Bank Credit 7/15
Bank Debit 7/15
Trustee Wire 7/15
System Credits 7/16
System Debits 7/16
Bank Credit 7/16
Bank Debit 7/16
Trustee Wire 7/16
System Credits 7/17
System Debits 7/17
Bank Credit 7/17
Bank Debit 7/17
Trustee Wire 7/17
System Credits 7/18
System Debits 7/18
Bank Credit 7/18
Bank Debit 7/18
Trustee Wire 7/18

System Credits 7/19
System Debits 7/19
Bank Credit 7/19
Bank Debit 7/19
Trustee Wire 7/19
System Credits 7/20
System Debits 7/20
Bank Credit 7/20
Bank Debit 7/20
Trustee Wire 7/20
System Credits 7/21
System Debits 7/21
Bank Credit 7/21
Bank Debit 7/21
Trustee Wire 7/21
System Credits 7/22
System Debits 7/22
Bank Credit 7/22
Bank Debit 7/22
Trustee Wire 7/22
System Credits 7/23
System Debits 7/23
Bank Credit 7/23
Bank Debit 7/23
Trustee Wire 7/23
System Credits 7/24
System Debits 7/24
Bank Credit 7/24
Bank Debit  7/24
Trustee Wire 7/24
07/25/06	07/01/06	30137702	VERMONT STATE COLLEGE	1,000.00	—	—	1,000.00
System Credits 7/25								1,000.00
System Debits 7/25
Bank Credit 7/25
Bank Debit 7/25
Trustee Wire 7/25
System Credits 7/26
System Debits 7/26
Bank Credit 7/26									1,000.00
Bank Debit 7/26
Trustee Wire 7/26										1,000.00
System Credits 7/27
System Debits 7/27
Bank Credit 7/27
Bank Debit 7/27
Trustee Wire 7/27
System Credits 7/28
System Debits 7/28
Bank Credit 7/28
Bank Debit 7/28
Trustee Wire 7/28
System Credits 7/29
System Debits 7/29
Bank Credit 7/29
Bank Debit 7/29
Trustee Wire 7/29

System Credits 7/30
System Debits 7/30
Bank Credit 7/30
Bank Debit 7/30
Trustee Wire 7/30
System Credits 7/31
System Debits 7/31
Bank Credit 7/31
Bank Debit 7/31
Trustee Wire 7/31
			TOTALS:	485,732.97	91,331.68	577,064.65	6,299,740.86	486,231.67	96,095.07	—	582,326.74	582,326.74	769,338.83	746,737.86	22,600.97
Loans Due in Current Period and Paid in Prior Period:
01/03/06	07/01/06	30131003	FIRST UNIONAT	—	420.00	420.00	—
06/30/06	07/01/06	30134402	UNIVERSITY OF	145,000.00	21,750.00	166,750.00	1,450,000.00
			TOTALS:	145,000.00	22,170.00	167,170.00	1,450,000.00
Loans Due in Current Period Not Yet Paid:
	07/01/06	30100102	ALABAMA AGRIC	—	1,125.00	1,125.00	—
	07/01/06	30117204	LOUISIANA STA	—	570.00	570.00	—
			TOTALS:	—	1,695.00	1,695.00	––
			GRAND TOTAL:	630,732.97	115,196.68	745,929.65	7,749,740.86

College and University Loan Trust II

Remittance Report Reconciliation

July-06

Total System Credits @ 7/31		582,326.74
Total Bank Credits @ 7/31		769,338.83
07/03/06	ACH in Transit	(166,750.00	)
07/13/06	Payment Reversal	(20,262.09	)
Adjusted Bank Credits:		582,326.74

GMAC Commercial Mortgage

College and University Loan Trust II

Remittance Report Reconciliation

July-06

Total Bank Credits @ 7/31		769,338.83
Total Debits to Trustee @ 7/31		746,737.86
07/06/06	Service Fees	2,338.88
07/13/06	Payment Reversal	20,262.09
Adjusted Debits to Trustee		769,338.83

GMAC Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of August 1, 2006 through August 31, 2006

Collections:
Principal Payments	206,551.69
Interest Payments	19,566.73
Total Principal and Interest Collections	226,118.42
Payments and Reversals Posted to Suspense	(152,207.50	)
Total Collections	73,910.92
Less: Servicing Fees (not withheld from remittances)	(398.54	)
Net Collections	73,512.38

GMAC Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of August 1, 2006 through August 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
8012006	30108101	CUMBERLAND CO	15000	3420	18420	228000	85.50
8012006	30112902	HAMPSHIRE COL	46551.69	12521.73	59073.42	834781.86	313.04
		TOTALS:	61,551.69	15,941.73	77,493.42	1,062,781.86	398.54

1

GMAC Commercial Mortgage
College and University Loan Trust II
Loans Paid in Full
For the Period of August 1, 2006 through August 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
30108301	08/14/06	147,175.00	145,000.00	2,175.00	—	10/01/15
TOTALS:		147,175.00	145,000.00	2,175.00	—

GMAC Commercial Mortgage
College and University Loan Trust II
Summary of Partial Prepayments
For the Period of August 1, 2006 through August 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to report this period
TOTAL:		—	—	—

GMAC Commercial Mortgage
College and University Loan Trust II
Trial Balance
As of August 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,285,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	134,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	285,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	141,860.32	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	305,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	90,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	695,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	208,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	115,034.08	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	274,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	88,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	125,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	90,079.44	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	705,471.33	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107701	CONCORDIA COLLEGE	3.00	525,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	213,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	400,000.00	4-01-2016
30108801	DILLARD UNIVERSITY	3.00	38,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	267,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	720,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	176,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	216,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	749,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	125,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011
30111803	GANNON UNIVERSITY	3.00	157,814.17	12-01-2022
30112002	GEORGE FOX COLLEGE	3.00	547,067.19	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	212,184.43	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	788,230.17	2-01-2014
30113601	HINDS JUNIOR COLLEGE	3.00	1,019,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	143,080.76	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,088,964.62	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	230,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	24,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,594,204.80	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	545,000.00	6-01-2009
30115901	LA GRANGE COLLEGE	3.00	105,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	339,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116904	LONG ISLAND UNIVERSITY	3.00	280,948.50	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	325,000.00	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	145,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	204,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	308,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	450,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	329,650.16	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	208,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	405,000.00	5-01-2016
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	504,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	286,714.08	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	389,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,382,597.27	11-01-2014
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	102,000.00	4-01-2016
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,148,571.96	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,147,250.15	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OF THE ARTS	3.00	1,821,551.97	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	120,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	297,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	30,500.18	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	450,000.00	5-01-2016
30127402	ST MARY’S SCHOOL	3.00	306,000.00	6-01-2020

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30127602	SAINT MICHAELS COLLEGE	3.00	1,089,061.82	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	44,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	302,060.31	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	355,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	840,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	204,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	71,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	138,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,570,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	66,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	248,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	1,107,000.00	10-01-2012
30132002	TAYLOR UNIVERSITY	3.00	158,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	501,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	211,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	280,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	222,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,813,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,120,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	645,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	130,000.00	10-01-2007
30134304	UNIVERSITY OF DELAWARE	3.00	170,000.00	11-01-2006
30134305	UNIVERSITY OF DELAWARE	3.00	474,000.00	12-01-2018
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84	3.00	1,305,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	145,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	5,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	789,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	491,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	133,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	212,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	110,000.00	6-01-2008
30137702	VERMONT STATE COLLEGE	3.00	149,000.00	7-01-2014
30137802	VILLANOVA UNIVERSITY	3.00	835,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	2,930,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,156,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	126,000.00	11-01-2009
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	94,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	117,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	150,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	465,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	20,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	11,251.88	5-01-2011
30140502	WITTENBERG UNIVERSITY	3.00	480,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	170,000.00	11-01-2017
30140601	THE COLLEGE OF WOOSTER	3.00	14,503.60	3-30-2009
30141001	YORK HOSPITAL	3.00	262,000.00	5-01-2020

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
	TOTALS:		74,026,187.64

4

GMAC Commercial Mortgage
College and University Loan Trust II
Delinquency Report (60+ Days)
As of August 31, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
30134002	UNIV CENTR AR	10/01/04	81,975.00	78,000.00
30100102	ALABAMA AGRIC	01/01/06	2,250.00	75,000.00
30117204	LOUISIANA STA	01/01/06	1,140.00	38,000.00
TOTAL:			85,365.00	191,000.00

GMAC Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of August 31, 2006

None to report for this period

Capmark Finance, Inc.

College and University Loan Trust II

Remittance Report for August 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid		Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
8/1/2006	8/1/2006	30108101	CUMBERLAND COLLEGE	15,000.00	3,420.00	18,420.00	228,000.00	15,000.00	3,420.00	—		18,420.00
System Credits 8/1														18,420.00
System Debits 8/1
Bank Credit 8/1
Bank Debit 8/1
Trustee Wire 8/1
8/2/2006	8/1/2006	30112902	HAMPSHIRE COLLEGE	46,551.69	12,521.73	59,073.42	834,781.86	46,551.69	12,521.73	—		59,073.42
System Credits 8/2														59,073.42
System Debits 8/2
Bank Credit 8/2																18,420.00
Bank Debit 8/2
Trustee Wire 8/2																	18,420.00
08/04/06		30132601	TRANSYLVANIA UNIVERSITY					—	—	(3,945.00	)	(3,945.00	)
System Credits 8/3
System Debits 8/3														(3,945.00	)
Bank Credit 8/3																59,073.42
Bank Debit 8/4																		2,906.18
Trustee Wire 8/3																	56,167.24
8/11/2006		30108301	DAKOTA WESLEYAN UNIVERSITY					—	—	362.50		362.50
System Credits 8/8														362.50
System Debits 8/8
Bank Credit 8/8 (Capmark funding overdraft until funds received to cover)																3,945.00
Bank Debit 8/7																		3,945.00
Trustee Wire 8/8
08/14/06		30108301	DAKOTA WESLEYAN UNIVERSITY					—	—	(362.50	)	(362.50	)
08/14/06		30108301	DAKOTA WESLEYAN UNIVERSITY					—	—	(148,262.50	)	(148,262.50	)
08/14/06		30108301	DAKOTA WESLEYAN UNIVERSITY					145,000.00	2,175.00	—		147,175.00
08/14/06		30108301	DAKOTA WESLEYAN UNIVERSITY					—	1,450.00	—		1,450.00
System Credits 8/14														—
System Debits 8/14
Bank Credit 8/14																362.50
Bank Debit 8/14																	362.50
Trustee Wire 8/14
System Credits 8/15														—		148,625.00
System Debits 8/15
Bank Credit 8/15
Bank Debit 8/15																		148,625.00
Trustee Wire 8/15
			TOTALS:	61,551.69	15,941.73	77,493.42	1,062,781.86	206,551.69	19,566.73	(152,207.50	)	73,910.92		73,910.92		230,425.92	74,949.74	155,476.18
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	61,551.69	15,941.73	77,493.42	1,062,781.86

1

Capmark Finance, Inc.

College and University Loan Trust II

Remittance Report Reconciliation

August-06

Total System Credits @ 8/31		73,910.92
Total Bank Credits @ 8/31		230,425.92
08/04/06	Escrow Disbursement	(3,945.00	)
08/14/06	Payment Reversal	(148,625.00	)
08/08/06	Funds due to Capark (funded overdraft from disbursement until funds available to recoup)	(3,945.00	)
Adjusted Bank Credits:		73,910.92

Total Bank Credits @ 8/31		230,425.92
Total Debits to Trustee @ 8/31		74,949.74
08/04/06	Service Fees	2,906.18
08/14/06	Payment Reversal	148,625.00
08/04/06	Escrow Disbursement	3,945.00
Adjusted Debits to Trustee		230,425.92

GMAC Commercial Mortgage

College and University Loan Trust II

Collection Account Activity Report

For the Period of September 1, 2006 through September 30, 2006

Collections:
Principal Payments	265,761.79
Interest Payments	53,168.71
Total Principal and Interest Collections	318,930.50
Payments and Reversals Posted to Suspense	(0.04	)
Total Collections	318,930.46
Less: Servicing Fees (not withheld from remittances)	(11,124.33	)
Net Collections	307,806.13

GMAC Commercial Mortgage

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of September 1, 2006 through September 30, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
9012006	30104801	CARROLL COLLE	0	5137.5	5137.5	274000	102.75
9012006	30110301	EMBRY-RIDDLE	60000	1875	61875	125000	46.88
9152006	30113702	HIWASSEE COLL	4761.79	2146.21	6908	143080.76	53.66
9012006	30114801	INTER AMERICA	16000	360	16360	24000	9.00
9012006	30115901	LA GRANGE COL	0	1575	1575	105000	39.38
9302006	30125601	RIO GRANDE CO	5083.33	457.5	5540.83	30500.18	11.44
9012006	30130502	SPALDING UNIV	50000	990	50990	66000	24.75
9302006	30140601	WOOSTER BUSIN	2416.6	217.55	2634.15	14503.6	5.44
		TOTALS:	138,261.72	12,758.76	151,020.48	782,084.54	293.30

1

GMAC Commercial Mortgage

College and University Loan Trust II

Loans Paid in Full

For the Period of September 1, 2006 through September 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
TOTALS:		—	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of September 1, 2006 through September 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to report this period
TOTAL:		—	—	—

GMAC Commercial Mortgage

College and University Loan Trust II

Trial Balance

As of September 30, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,285,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	48,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	134,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	285,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	141,860.32	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	305,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	90,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	695,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	208,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	115,034.08	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	274,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	88,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	125,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	90,079.44	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	705,471.33	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	435,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	610,000.00	10-01-2013
30107003	COLLEGE OF THE HOLY CROSS	3.00	110,000.00	10-01-2006
30107701	CONCORDIA COLLEGE	3.00	525,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	213,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	400,000.00	4-01-2016
30108801	DILLARD UNIVERSITY	3.00	38,000.00	4-01-2008
30109301	DOWLING COLLEGE	3.00	267,000.00	10-01-2010
30109502	DREXEL UNIVERSITY	3.50	720,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	176,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	216,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	749,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	270,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	65,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	40,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011
30111803	GANNON UNIVERSITY	3.00	157,814.17	12-01-2022
30112002	GEORGE FOX COLLEGE	3.00	547,067.19	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	212,184.43	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	788,230.17	2-01-2014
30113601	HINDS JUNIOR COLLEGE	3.00	1,019,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	138,318.97	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,088,964.62	11-01-2012
30114001	HOOD COLLEGE	3.63	185,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	230,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	90,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	8,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,594,204.80	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	545,000.00	6-01-2009
30115901	LA GRANGE COLLEGE	3.00	105,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	339,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	59,000.00	10-01-2017
30116904	LONG ISLAND UNIVERSITY	3.00	280,948.50	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	325,000.00	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	145,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	204,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	308,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	450,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	329,650.16	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	375,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	208,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	405,000.00	5-01-2016
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	504,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	286,714.08	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	389,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,382,597.27	11-01-2014
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	102,000.00	4-01-2016
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,148,571.96	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,147,250.15	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	208,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OF THE ARTS	3.00	1,821,551.97	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	120,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	297,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	30,500.18	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	450,000.00	5-01-2016
30127402	ST MARY’S SCHOOL	3.00	306,000.00	6-01-2020

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30127602	SAINT MICHAELS COLLEGE	3.00	1,089,061.82	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	44,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	302,060.31	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	355,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	840,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	204,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	71,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	138,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,435,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	16,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	248,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	1,107,000.00	10-01-2012
30132002	TAYLOR UNIVERSITY	3.00	158,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	501,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	211,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	280,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	222,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,813,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,120,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	645,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	130,000.00	10-01-2007
30134304	UNIVERSITY OF DELAWARE	3.00	170,000.00	11-01-2006
30134305	UNIVERSITY OF DELAWARE	3.00	474,000.00	12-01-2018
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84	3.00	1,305,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	145,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	5,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	789,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	491,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	133,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	212,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	110,000.00	6-01-2008
30137702	VERMONT STATE COLLEGE	3.00	149,000.00	7-01-2014
30137802	VILLANOVA UNIVERSITY	3.00	835,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	2,930,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,156,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	126,000.00	11-01-2009
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	94,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	117,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	150,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	465,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	20,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	11,251.88	5-01-2011
30140502	WITTENBERG UNIVERSITY	3.00	480,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	170,000.00	11-01-2017
30140601	THE COLLEGE OF WOOSTER	3.00	14,503.60	3-30-2009
30141001	YORK HOSPITAL	3.00	262,000.00	5-01-2020

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
	TOTALS:		73,760,425.85

4

GMAC Commercial Mortgage

College and University Loan Trust II

Delinquency Report (60+ Days)

As of September 30, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
30134002	UNIV CENTR AR	10/01/04	81,975.00	78,000.00
30100102	ALABAMA AGRIC	01/01/06	2,250.00	75,000.00
30117204	LOUISIANA STA	01/01/06	1,140.00	38,000.00
TOTAL:			85,365.00	191,000.00

GMAC Commercial Mortgage

College and University Loan Trust II

Liquidation Report

As of September 30, 2006

None to report for this period

Capmark Finance, Inc.

College and University Loan Trust II

Remittance Report for September 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid		Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
9/1/2006	9/1/2006	30104801	CARROLL COLLEGE — DORM BOND 1965	0.00	5,137.50	5,137.50	274,000.00	—	5,137.50	—		5,137.50
9/1/2006	9/1/2006	30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	60,000.00	1,875.00	61,875.00	125,000.00	60,000.00	1,875.00	—		61,875.00
9/1/2006	9/1/2006	30130502	SPALDING UNIVERSITY	50,000.00	990.00	50,990.00	66,000.00	50,000.00	990.00	—		50,990.00
System Credits 9/1														118,002.50
System Debits 9/1
Bank Credit 9/1
Bank Debit 9/1
Trustee Wire 9/1
9/5/2006	9/1/2006	30115901	LA GRANGE COLLEGE	0.00	1,575.00	1,575.00	105,000.00	—	1,575.00			1,575.00
System Credits 9/5														1,575.00
System Debits 9/5
Bank Credit 9/5															118,002.50
Bank Debit 9/5
Trustee Wire 9/5																114,057.50
System Credits 9/6
System Debits 9/6												—
Bank Credit 9/6															1,575.00
Bank Debit 9/6																	3,945.00
Trustee Wire 9/6																1,575.00
09/13/06	09/01/06	30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	16,000.00	360.00	16,360.00	24,000.00	16,000.00	—	—		16,000.00
09/13/06	09/01/06	30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO				—		360.00	—		360.00
09/13/06	09/13/06	30127402	ST MARY’S SCHOOL					—	—	—		—
System Credits 9/14														16,360.00
System Debits 9/14
Bank Credit 9/14															16,360.00
Bank Debit 9/14 (Service Fee)																	398.54
Trustee Wire 9/14																15,961.46
09/25/06	10/01/06	30139001	WEST VALLEY COLLEGE					—	2,250.00	—		2,250.00
System Credits 9/26														2,250.00
System Debits 9/26
Bank Credit 9/26															2,250.00
Bank Debit 9/26
Trustee Wire 9/26																2,250.00
													��
09/26/06	09/15/06	30113702	HIWASSEE COLLEGE	4,761.79	2,146.21	6,908.00	143,080.76	4,761.79	2,146.21	—		6,908.00
System Credits 9/27														6,908.00
System Debits 9/27
Bank Credit 9/27															6,908.00
Bank Debit 9/27
Trustee Wire 9/27																6,908.00
09/28/06		30103302	BRANDEIS UNIVERSITY					—	—	—		—
09/28/06		30103302	BRANDEIS UNIVERSITY					—	—	—		—
09/28/06	10/01/06	30113601	HINDS JUNIOR COLLEGE					—	15,285.00	—		15,285.00
09/28/06		30121501	NORFOLK STATE UNIVERSITY					—	—	—		—
09/28/06		30121501	NORFOLK STATE UNIVERSITY					—	—	(0.01	)	(0.01	)
09/28/06		30122302	NORTHEASTERN UNIVERSITY					—	—	—		—
09/28/06		30122302	NORTHEASTERN UNIVERSITY					—	—	—		—
09/28/06		30125504	RIDER COLLEGE					—	—	—		—
09/28/06		30125504	RIDER COLLEGE					—	—	(0.02	)	(0.02	)
09/28/06		30127402	ST MARY’S SCHOOL					—	—	—		—
09/28/06		30127402	ST MARY’S SCHOOL					—	—	—		—

09/28/06	10/01/06	30130301	SOUTHWEST TEXAS STATE UNIVERSITY					135,000.00	23,550.00	—		158,550.00
09/28/06		30140201	WHEELOCH COLLEGE					—	—	—		—
09/28/06		30140201	WHEELOCH COLLEGE					—	—	—		—
09/28/06		30140201	WHEELOCH COLLEGE					—	—	(0.01	)	(0.01	)
System Credits 9/29														173,834.96
System Debits 9/29
Bank Credit 9/29															173,835.00
Bank Debit 9/29																	15.07
Trustee Wire 9/29																173,834.96
			TOTALS:	130,761.79	12,083.71	142,845.50	737,080.76	265,761.79	53,168.71	(0.04	)	318,930.46		318,930.46	318,930.50	314,586.92	4,358.61
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
	09/30/06	30125601	RIO GRANDE CO	5,083.33	457.50	5,540.83	30,500.18
	09/30/06	30140601	WOOSTER BUSIN	2,416.60	217.55	2,634.15	14,503.60
			TOTALS:	7,499.93	675.05	8,174.98	45,003.78
			GRAND TOTAL:	138,261.72	12,758.76	151,020.48	782,084.54

Capmark Finance, Inc.

College and University Loan Trust II

Remittance Report Reconciliation

September-06

Total System Credits @ 9/30		318,930.46
Total Bank Credits @ 9/30		318,930.50
09/28/06	SUSPENSE ESC DEBIT	(0.01	)
09/28/06	SUSPENSE ESC DEBIT	(0.02	)
09/28/06	SUSPENSE ESC DEBIT	(0.01	)
Adjusted Bank Credits:		318,930.46

Capmark Finance, Inc.

College and University Loan Trust II

Remittance Report Reconciliation

September-06

Total Bank Credits @ 9/30		318,930.50
Total Debits to Trustee @ 9/30		314,586.92
09/14/06	Service Fees	398.54
09/28/06	SUSPENSE ESC DEBIT	0.04
08/04/06	Funds due to Capark (covered overdraft from disbursement in 8/06)	3,945.00
Adjusted Debits to Trustee		318,930.50

Capmark Finance

College and University Loan Trust II

Collection Account Activity Report

For the Period of October 1, 2006 through October 31, 2006

Collections:
Principal Payments	1,238,306.88
Interest Payments	230,973.43
Total Principal and Interest Collections	1,469,280.31
Payments and Reversals Posted to Suspense	(330.02	)
Total Collections	1,468,950.29
Less: Servicing Fees (not withheld from remittances)	(6,131.56	)
Net Collections	1,462,818.73

Capmark Finance

College & Trust Facility Loan Trust II

Service Fees Schedule

For the Period of October 1, 2006 through October 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
10012006	30101701	AZUSA PACIFIC	0	2512.5	2512.5	134000	50.25
10012006	30104401	CAMERON UNIVE	0	4575	4575	305000	114.38
10012006	30106904	COLLEGE OF SA	28000	6525	34525	435000	163.13
10012006	30107002	COLLEGE OF TH	75000	11056.25	86056.25	610000	228.75
10012006	30107003	COLLEGE OF TH	110000	1650	111650	110000	41.25
10012006	30109301	DOWLING COLLE	28000	4005	32005	295000	110.63
10012006	30109801	DYOUVILLE COL	0	11243.03	11243.03	749535	281.08
10012006	30110101	ELIZABETH CIT	20000	4050	24050	270000	101.25
10012006	30111603	FT HAYS STATE	20000	600	20600	40000	15.00
10012006	30112002	GEORGE FOX CO	9510.8	4103	13613.8	547067.19	205.15
10012006	30114201	HOUSTON TILLO	0	4025	4025	230000	86.25
10012006	30119001	MEMORIAL SLOA	0	8505	8505	504000	189.00
10012006	30122802	OCCIDENTAL CO	12000	3120	15120	208000	78.00
10012006	30129402	SOUTHEAST MIS	0	1065	1065	71000	26.63
10012006	30129802	SOUTHERN METH	68000	2070	70070	138000	51.75
10012006	30132002	TAYLOR UNIVER	21000	2370	23370	158000	59.25
10012006	30132003	TAYLOR UNIVER	55000	7515	62515	501000	187.88
10012006	30132402	TEXAS SOUTHER	0	4900	4900	280000	105.00
10012006	30134101	UNIVERSITY OF	65000	1950	66950	130000	48.75
10012006	30136801	UNIVERSITY OF	29000	7365	36365	491000	184.13
10012006	30137802	VILLANOVA UNI	0	12525	12525	835000	313.13
10012006	30140003	WHEATON COLLE	0	8137.5	8137.5	465000	174.38
10012006	30108202	DAEMEN COLLEG	0	6000	6000	400000	150.00
10012006	30108801	DILLARD UNIVE	0	570	570	38000	14.25
10012006	30109604	DRURY COLLEGE	10000	2640	12640	176000	66.00
10012006	30109605	DRURY COLLEGE	23000	3240	26240	216000	81.00
10012006	30114302	HUNTINGDON CO	30000	1350	31350	90000	33.75
10012006	30121101	NEW ENGLAND C	0	1530	1530	102000	38.25
10012006	30130903	STEPHEN F AUS	145000	18680.63	163680.63	1107000	415.13
10012006	30133201	UNIV STU COOP	0	16800	16800	1120000	420.00
10012006	30136901	UNIVERSITY OF	0	2078.13	2078.13	133000	49.88
10012006	30127703	ST NORBERT CO	0	660	660	44000	16.50
10012006	30132904	TUFTS UNIVERS	90000	27195	117195	1813000	679.88
10012006	30100201	ALBION COLLEG	14000	720	14720	48000	18.00
10012006	30116201	LASSEN JUNIOR	0	5085	5085	339000	127.13
10012006	30116801	LINFIELD COLL	4000	885	4885	59000	22.13
10012006	30117801	MARIAN COLLEG	30000	5625	35625	375000	140.63
10012006	30123401	PAINE COLLEGE	50000	9690	59690	645999.99	242.25
10012006	30130301	SOUTHWEST TEX	135000	23550	158550	1570000	588.75
10012006	30134002	UNIV CENTR AR	0	1170	1170	0	—
10012006	30139001	WEST VALLEY C	0	2250	2250	150000	56.25
10012006	30113601	HINDS JUNIOR	0	15285	15285	1019000	382.13
		TOTALS:	1,071,510.80	258,871.04	1,330,381.84	16,951,602.18	6,356.93
30123401 delinquent for 10/06							(242.25	)
30125601 delinquent 9/06 paid 10/06							11.44
30140601 delinquent 9/06 paid 10/06							5.44
Service Fees due							6,131.56

1

Capmark Finance

College and University Loan Trust II

Loans Paid in Full

For the Period of October 1, 2006 through October 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
30107003	10/02/06	111,650.00	110,000.00	1,650.00		10/01/06
30109301	10/17/06	267,000.00	267,000.00	—		10/01/10
TOTALS:		378,650.00	377,000.00	1,650.00	—

Capmark Finance

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of October 1, 2006 through October 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to report this period
TOTAL:		—	—	—

Capmark Finance

College and University Loan Trust II

Trial Balance

As of October 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,285,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	34,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	348,000.00	11-01-2015
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	134,000.00	4-01-2015
30102603	BENEDICT COLLEGE	3.00	84,000.00	11-01-2006
30102604	BENEDICT COLLEGE	3.00	1,389,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	166,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	200,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	285,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	141,860.32	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	250,000.00	11-01-2007
30104001	CALIFORNIA STATE UNIVERSITY,	3.00	50,000.00	11-01-2006
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	745,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,958,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	305,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	90,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	695,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	208,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	115,034.08	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	274,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	88,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	125,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	90,079.44	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	705,471.33	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	222,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	407,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	535,000.00	10-01-2013
30107701	CONCORDIA COLLEGE	3.00	525,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	213,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	400,000.00	4-01-2016
30108801	DILLARD UNIVERSITY	3.00	38,000.00	4-01-2008
30109502	DREXEL UNIVERSITY	3.50	720,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	166,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	193,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	749,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	250,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	65,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	101,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,190,000.00	11-01-2017
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	80,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	20,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	379,999.98	11-01-2011
30111803	GANNON UNIVERSITY	3.00	157,814.17	12-01-2022
30112002	GEORGE FOX COLLEGE	3.00	537,556.39	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,175,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,665,000.00	11-01-2020

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30112901	HAMPSHIRE COLLEGE	3.00	212,184.43	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	788,230.17	2-01-2014
30113601	HINDS JUNIOR COLLEGE	3.00	1,019,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	138,318.97	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,012,475.38	11-01-2012
30114001	HOOD COLLEGE	3.63	166,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	230,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	60,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	8,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,594,204.80	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	545,000.00	6-01-2009
30115901	LA GRANGE COLLEGE	3.00	105,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	339,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	55,000.00	10-01-2017
30116904	LONG ISLAND UNIVERSITY	3.00	280,948.50	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	325,000.00	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	145,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	204,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	308,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	450,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	319,843.25	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	345,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	208,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	405,000.00	5-01-2016
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	504,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	286,714.08	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	456,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	130,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	389,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,382,597.27	11-01-2014
30120801	MORRIS COLLEGE	3.00	252,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	102,000.00	4-01-2016
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,148,571.96	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,147,250.15	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	196,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OFTHE ARTS	3.00	1,821,551.97	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	120,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	300,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	1,115,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	297,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	25,416.85	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	450,000.00	5-01-2016
30127402	ST MARY’S SCHOOL	3.00	306,000.00	6-01-2020
30127602	SAINT MICHAELSCOLLEGE	3.00	1,089,061.82	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	44,000.00	4-01-2007

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30127801	SAINT PAULS COLLEGE	3.00	302,060.31	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	355,000.00	5-01-2013
30128301	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2006
30128401	UNIVERSITY OF ILLINOIS	3.00	840,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	174,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	218,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	204,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	71,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	70,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,435,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	16,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	248,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	962,000.00	10-01-2012
30132002	TAYLOR UNIVERSITY	3.00	137,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	446,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	211,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	280,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	222,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,723,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,120,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	645,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	65,000.00	10-01-2007
30134304	UNIVERSITY OF DELAWARE	3.00	170,000.00	11-01-2006
30134305	UNIVERSITY OF DELAWARE	3.00	474,000.00	12-01-2018
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84	3.00	1,305,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	145,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	5,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	789,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	462,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	133,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	212,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	110,000.00	6-01-2008
30137702	VERMONT STATE COLLEGE	3.00	149,000.00	7-01-2014
30137802	VILLANOVA UNIVERSITY	3.00	835,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	2,930,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,156,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	126,000.00	11-01-2009
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	94,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	117,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	150,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	465,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	20,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	11,251.88	5-01-2011
30140502	WITTENBERG UNIVERSITY	3.00	480,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	170,000.00	11-01-2017
30140601	THE COLLEGE OF WOOSTER	3.00	12,087.00	3-30-2009
30141001	YORK HOSPITAL	3.00	262,000.00	5-01-2020
	TOTALS:		72,522,118.97

3

Capmark Finance

College and University Loan Trust II

Delinquency Report (60+ Days)

As of October 31, 2006

GMACCM Loan Number	Borrower Name		Next Payment Due	P and I Due
30134002	UNIV CENTR AR	10/01/04		83,145.00
30100102	ALABAMA AGRIC	01/01/06		2,250.00
30117204	LOUISIANA STA	01/01/06		1,140.00
TOTAL:				86,535.00

Capmark Finance

College and University Loan Trust II

Liquidation Report

As of October 31, 2006

None to report for this period

Capmark Finance, Inc.

College and University Loan Trust II

Remittance Report for October 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid		Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
10/2/2006	10/1/2006	30101701	AZUSA PACIFIC UNIVERSITY	0.00	2,512.50	2,512.50	134,000.00	—	2,512.50	—		2,512.50
10/2/2006	0	30103302	BRANDEIS UNIVERSITY					—	—	—		—
10/2/2006	0	30103302	BRANDEIS UNIVERSITY					—	—	(0.02	)	(0.02	)
10/2/2006	10/1/2006	30104401	CAMERON UNIVERSITY	0.00	4,575.00	4,575.00	305,000.00	—	4,575.00	—		4,575.00
10/2/2006	10/1/2006	30106904	COLLEGE OF SANTA FE	28,000.00	6,525.00	34,525.00	435,000.00	28,000.00	4,755.00	—		32,755.00
10/2/2006	10/1/2006	30107002	COLLEGE OF THE HOLY CROSS	75,000.00	11,056.25	86,056.25	610,000.00	75,000.00	11,056.25	—		86,056.25
10/2/2006	0	30107003	COLLEGE OF THE HOLY CROSS	110,000.00	1,650.00	111,650.00	110,000.00	110,000.00	1,650.00	—		111,650.00
10/2/2006	10/1/2006	30109301	DOWLING COLLEGE	28,000.00	4,005.00	32,005.00	295,000.00	—	4,005.00	—		4,005.00
10/2/2006	10/1/2006	30109801	DYOURVILLE COLLEGE	0.00	11,243.03	11,243.03	749,535.00	—	11,243.02	—		11,243.02
10/2/2006	10/1/2006	30110101	ELIZABETH CITY STATE UNIVERSITY	20,000.00	4,050.00	24,050.00	270,000.00	20,000.00	4,050.00	—		24,050.00
10/2/2006	10/1/2006	30111603	FT HAYES STATE UNIVERSITY	20,000.00	600.00	20,600.00	40,000.00	20,000.00	600.00	—		20,600.00
10/2/2006	10/1/2006	30112002	GEORGE FOX COLLEGE	9,510.80	4,103.00	13,613.80	547,067.19	9,510.80	4,103.00	—		13,613.80
10/2/2006	10/1/2006	30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	0.00	4,025.00	4,025.00	230,000.00	—	4,025.00	—		4,025.00
10/2/2006	10/1/2006	30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	0.00	8,505.00	8,505.00	504,000.00	—	8,505.00	—		8,505.00
10/2/2006	10/1/2006	30122802	OCCIDENTAL COLLEGE	12,000.00	3,120.00	15,120.00	208,000.00	12,000.00	3,120.00	—		15,120.00
10/2/2006	9302006	30125601	RIO GRANDE COLLEGE					5,083.33	457.50	—		5,540.83
10/2/2006	10/1/2006	30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	0.00	1,065.00	1,065.00	71,000.00	—	1,065.00	—		1,065.00
10/2/2006	0	30129802	SOUTHERN METHODIST UNIVERSITY	68,000.00	2,070.00	70,070.00	138,000.00	—	—	70,070.00		70,070.00
10/2/2006	10/1/2006	30132002	TAYLOR UNIVERSITY	21,000.00	2,370.00	23,370.00	158,000.00	21,000.00	2,370.00	—		23,370.00
10/2/2006	10/1/2006	30132003	TAYLOR UNIVERSITY	55,000.00	7,515.00	62,515.00	501,000.00	55,000.00	7,515.00	—		62,515.00
10/2/2006	10/1/2006	30132402	TEXAS SOUTHERN UNIVERSITY	0.00	4,900.00	4,900.00	280,000.00	—	4,900.00	—		4,900.00
10/2/2006	10/1/2006	30134101	UNIVERSITY OF CENTRAL FLORIDA	65,000.00	1,950.00	66,950.00	130,000.00	65,000.00	1,950.00	—		66,950.00
10/2/2006	10/1/2006	30136801	UNIVERSITY OF ST THOMAS	29,000.00	7,365.00	36,365.00	491,000.00	29,000.00	7,365.00	—		36,365.00
10/2/2006	10/1/2006	30137802	VILLANOVA UNIVERSITY	0.00	12,525.00	12,525.00	835,000.00	—	12,525.00	—		12,525.00
10/2/2006	10/1/2006	30140003	WHEATON COLLEGE	0.00	8,137.50	8,137.50	465,000.00	—	8,137.50	—		8,137.50
System Credits 10/1														630,148.90
System Debits 10/1														(0.02	)
Bank Credit 10/1
Bank Debit 10/1
Trustee Wire 10/1
10/3/2006	10/1/2006	30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	0.00	6,000.00	6,000.00	400,000.00	—	6,000.00	—		6,000.00
10/3/2006	10/1/2006	30108801	DILLARD UNIVERSITY	0.00	570.00	570.00	38,000.00	—	570.00	—		570.00
10/3/2006	10/1/2006	30109604	DRURY COLLEGE	10,000.00	2,640.00	12,640.00	176,000.00	10,000.00	2,640.00	—		12,640.00
10/3/2006	10/1/2006	30109605	DRURY COLLEGE	23,000.00	3,240.00	26,240.00	216,000.00	23,000.00	3,240.00	—		26,240.00
10/3/2006	10/1/2006	30114302	HUNTINGDON COLLEGE - DORM 1968	30,000.00	1,350.00	31,350.00	90,000.00	30,000.00	1,350.00	—		31,350.00
10/3/2006	10/1/2006	30121101	NEW ENGLAND COLLEGE	0.00	1,530.00	1,530.00	102,000.00	—	1,530.00	—		1,530.00
10/3/2006	10/1/2006	30130903	STEPHEN F AUSTIN STATE UNIVERSITY	145,000.00	18,680.63	163,680.63	1,107,000.00	145,000.00	18,680.63	—		163,680.63
10/3/2006	10/1/2006	30133201	UNIV STUDENT COOP HOUSING	0.00	16,800.00	16,800.00	1,120,000.00	—	16,800.00	—		16,800.00
10/3/2006	10/1/2006	30136901	UNIV OF STEUBENVILLE	0.00	2,078.13	2,078.13	133,000.00	—	2,078.13	—		2,078.13
System Credits 10/4														260,888.76
System Debits 10/4
Bank Credit 10/4																630,148.90
Bank Debit 10/4																		0.02
Trustee Wire 10/4																	630,148.88
10/6/2006	10/1/2006	30127703	SAINT NORBERT COLLEGE	0.00	660.00	660.00	44,000.00	—	660.00	—		660.00
10/6/2006		30129802	SOUTHERN METHODIST UNIVERSITY					—	—	(70,070.00	)	(70,070.00	)
10/6/2006	10/1/2006	30129802	SOUTHERN METHODIST UNIVERSITY	68,000.00	2,070.00	—	70,070.00
10/6/2006	10/1/2006	30132904	TUFTS UNIVERSITY	90,000.00	27,195.00	117,195.00	1,813,000.00	90,000.00	27,195.00	—		117,195.00
System Credits 10/5														187,925.00
System Debits 10/5														(70,070.00	)
Bank Credit 10/5																260,888.76
Bank Debit 10/5
Trustee Wire 10/5																	260,888.76
10/10/2006	10/1/2006	30100201	ALBION COLLEGE	14,000.00	720.00	14,720.00	48,000.00	14,000.00	720.00	—		14,720.00
10/10/2006	4/1/2007	30100201	ALBION COLLEGE					—	180.00	—		180.00
10/10/2006	10/1/2006	30116201	LASSEN JUNIOR COLLEGE	0.00	5,085.00	5,085.00	339,000.00	—	5,085.00	—		5,085.00

10/10/2006	10/1/2006	30116801	LINFIELD COLLEGE - HALL BONDS 1968	4,000.00	885.00	4,885.00	59,000.00	4,000.00	885.00	—	4,885.00
System Credits 10/11									��				24,870.00
System Debits 10/11
Bank Credit 10/9															15.07
Bank Credit 10/11															187,925.00
Bank Debit 10/11																	70,070.00
Bank Debit 10/11 (Service Fee)																	11,124.33
Trustee Wire 10/11																106,730.67
10/11/2006	10/1/2006	30117801	MARIAN COLLEGE OF FOND DU LAC	30,000.00	5,625.00	35,625.00	375,000.00	30,000.00	5,625.00	—	35,625.00
System Credits 10/12													35,625.00
System Debits 10/12
Bank Credit 10/12															24,870.00
Bank Debit 10/12
Trustee Wire 10/12																24,870.00
10/12/2006	30100201		ALBION COLLEGE					—	—	-180	(180.00	)
10/12/2006	30100201		ALBION COLLEGE					—	—	-180	(180.00	)
10/12/2006	30100201		ALBION COLLEGE					—	—	30	30.00
10/12/2006	4/1/2007	30100201	ALBION COLLEGE					—	330.00	0	330.00
System Credits 10/13													360.00
System Debits 10/13													(360.00	)
Bank Credit 10/13															35,625.00
Bank Debit 10/13
Trustee Wire 10/13																35,625.00
10/16/2006	9/30/2006	30140601	THE COLLEGE OF WOOSTER					2,416.60	217.55	0	2,634.15
System Credits 10/16													2,634.15
System Debits 10/16
Bank Credit 10/16															360.00
Bank Debit 10/16																	360.00
Trustee Wire 10/16
10/17/2006	4/1/2006	30109301	DOWLING COLLEGE					267,000.00	—	0	267,000.00
System Credits 10/18													267,000.00
System Debits 10/18
Bank Credit 10/18															2,634.15
Bank Debit 10/18
Trustee Wire 10/18																2,634.15
10/23/2006	11/1/2006	30114001	HOOD COLLEGE					19,000.00	3,353.12	0	22,353.12
System Credits 10/19													22,353.12
System Debits 10/19
Bank Credit 10/19															267,000.00
Bank Debit 10/19
Trustee Wire 10/19																267,000.00
10/30/06	11/01/06	30113801	HOFSTRA UNIVERSITY					76489.24	16334.48	0	92,823.72
System Credits 10/30													92,823.72
System Debits 10/30
Bank Credit 10/24															22,353.12
Bank Debit 10/30
Trustee Wire 10/24																22,353.12
10/31/06	11/01/06	30117602	MACALESTER COLLEGE					9806.91	4944.75	0	14,751.66
System Credits 10/31													14,751.66
System Debits 10/31
Bank Credit 10/31															92,823.72
Bank Debit 10/31
Trustee Wire 10/31																92,823.72

			TOTALS:	886,510.80	206,926.04	1,093,436.84	13,566,602.19	1,238,306.88	230,973.43	(330.02	)	1,468,950.29	1,468,950.29	1,524,643.72	1,443,074.30	81,554.35
Loans Due in Current Period and Paid in Prior Period:
09/28/06	10/1/2006	30130301	SOUTHWEST TEX	135000	23,550.00	158,550.00	1,570,000.00
09/28/06	10/1/2006	30113601	HINDS JUNIOR	0	15,285.00	15,285.00	1,019,000.00
09/25/06	10/1/2006	30139001	WEST VALLEY C	0	2,250.00	2,250.00	150,000.00
			TOTALS:	135,000.00	41,085.00	176,085.00	2,739,000.00
Loans Due in Current Period Not Yet Paid:
	10/01/06	30123401	PAINE COLLEGE	50,000.00	9,690.00	59,690.00	645,999.99
	10/01/06	30134002	UNIV CENTR AR	—	1,170.00	1,170.00	—
			TOTALS:	50,000.00	10,860.00	60,860.00	645,999.99
			GRAND TOTAL:	1,071,510.80	258,871.04	1,330,381.84	16,951,602.18

Capmark Finance, Inc.

College and University Loan Trust II

Remittance Report Reconciliation

October-06

Total System Credits @ 10/31		1,468,950.29
Total Bank Credits @ 10/31		1,524,643.72
10/02/06	SUSPENSE ESC DEBIT	(15.07	)
10/02/06	SUSPENSE ESC DEBIT	(0.02	)
10/06/06	Payment Reversal	(70,070.00	)
10/12/06	Payment Reversal	(360.00	)
10/31/06	In Transit	14,751.66
Adjusted Bank Credits:		1,468,950.29

Total Bank Credits @ 10/31		1,524,643.72
Total Debits to Trustee @ 10/31		1,443,074.30
09/14/06	Service Fees	11,124.33
10/02/06	SUSPENSE ESC DEBIT	15.07
10/02/06	SUSPENSE ESC DEBIT	0.02
10/06/06	Payment Reversal	70,070.00
10/12/06	Payment Reversal	360.00
Adjusted Debits to Trustee		1,524,643.72

Capmark Finance

College and University Loan Trust II

Collection Account Activity Report

For the Period of November 1, 2006 through November 30, 2006

Collections:
Principal Payments	2,661,747.20
Interest Payments	553,205.43
Total Principal and Interest Collections	3,214,952.63
Payments and Reversals Posted to Suspense	—
Total Collections	3,214,952.63
Less: Servicing Fees (not withheld from remittances)	(13,367.69	)
Net Collections	3,201,584.94

College & Trust Facility Loan Trust II

Service Fees Schedule

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
11012006	30100103	ALABAMA AGRIC	0	19275	19275	1285000	481.88
11012006	30100301	ALBRIGHT COLL	35000	5220	40220	348000	130.50
11012006	30102603	BENEDICT COLL	84000	1260	85260	84000	31.50
11012006	30102604	BENEDICT COLL	75000	20835	95835	1389000	520.88
11012006	30102802	BETHANY COLLE	25000	2801.25	27801.25	166000	62.25
11012006	30102803	BETHANY COLLE	15000	3000	18000	200000	75.00
11012006	30102804	BETHANY COLLE	20000	4275	24275	285000	106.88
11012006	30103302	BRANDEIS UNIV	11957.93	2127.91	14085.84	141860.32	53.20
11012006	30103901	CALIFORNIA ST	125000	3750	128750	250000	93.75
11012006	30104001	CALIFORNIA ST	50000	750	50750	50000	18.75
11012006	30104102	CALIFORNIA ST	85000	11175	96175	745000	279.38
11012006	30104201	CALIFORNIA ST	115000	29370	144370	1958000	734.25
11012006	30104604	CARNEGIE-MELL	0	1350	1350	90000	33.75
11012006	30104605	CARNEGIE-MELL	25000	10425	35425	695000	260.63
11012006	30106702	COLLEGE OF ST	17338.43	10582.07	27920.5	705471.33	264.55
11012006	30106802	COLLEGE OF ST	53000	3330	56330	222000	83.25
11012006	30107701	CONCORDIA COL	0	7875	7875	525000	196.88
11012006	30109502	DREXEL UNIVER	0	12600	12600	720000	270.00
11012006	30110401	EMMANUEL COLL	11000	1515	12515	101000	37.88
11012006	30110802	FAIRLEIGH DIC	80000	17850	97850	1190000	446.25
11012006	30111301	FLORIDA INSTI	19000	1200	20200	80000	30.00
11012006	30111802	GANNON UNIVER	60000	5700	65700	379999.98	142.50
11012006	30112301	GEORGETOWN UN	117000	32625	149625	2175000	815.63
11012006	30112302	GEORGETOWN UN	285000	113300	398300	5665000	2,124.38
11012006	30113801	HOFSTRA UNIVE	76489.24	16334.48	92823.72	1088964.62	408.36
11012006	30114001	HOOD COLLEGE	19000	3353.12	22353.12	185000	69.38
11012006	30116904	LONG ISLAND U	38365.26	4214.23	42579.49	280948.5	105.36
11012006	30117402	LYCOMING COLL	0	2628.12	2628.12	145000	54.38
11012006	30117403	LYCOMING COLL	0	3843.75	3843.75	204999.99	76.87
11012006	30117501	LYNCHBURG COL	0	5775	5775	308000	115.50
11012006	30117502	LYNCHBURG COL	0	6750	6750	450000	168.75
11012006	30117602	MACALESTER CO	9806.91	4944.75	14751.66	329650.16	123.62
11012006	30118302	MARY BALDWIN	0	3510	3510	208000	78.00
11012006	30118401	MARYMOUNT UNI	0	6075	6075	405000	151.88
11012006	30119202	MERCER UNIVER	15988.65	4300.7	20289.35	286714.08	107.52
11012006	30119801	MILLSAPS COLL	24000	6840	30840	456000	171.00
11012006	30120402	MORAVIAN COLL	17000	2193.75	19193.75	130000	48.75
11012006	30120601	MORGAN STATE	72005.2	20738.96	92744.16	1382597.27	518.47
							—

1

11012006	30120801	MORRIS COLLEG	60000	3780	63780	252000	94.50
11012006	30122302	NORTHEASTERN	74990.82	32208.75	107199.57	2147250.15	805.22
11012006	30124901	RANDOLPH-MACO	15000	1800	16800	120000	45.00
11012006	30125102	REGIS COLLEGE	40000	4500	44500	300000	112.50
11012006	30125504	RIDER COLLEGE	125000	20209.38	145209.38	1115000	418.13
11012006	30125506	RIDER COLLEGE	0	4455	4455	297000	111.38
11012006	30126102	RUTGERS, THE	0	8437.5	8437.5	450000	168.75
11012006	30127602	ST MICHAELS C	70524.07	16335.93	86860	1089061.82	408.40
11012006	30127801	ST PAULS COLL	15731.19	4530.9	20262.09	302060.31	113.27
11012006	30128001	ST VINCENT CO	0	6212.5	6212.5	355000	133.13
11012006	30128301	CALIFORNIA ST	125000	1875	126875	125000	46.88
11012006	30128401	SANGAMON STAT	30000	12600	42600	840000	315.00
11012006	30128602	SEATTLE UNIVE	56000	2610	58610	174000	65.25
11012006	30128802	SETON HILL CO	21000	3951.25	24951.25	218000	81.75
11012006	30130703	SPRINGFIELD C	0	4340	4340	248000	93.00
11012006	30132601	TRANSYLVANIA	42000	3330	45330	222000	83.25
11012006	30133301	UNIVERSITY OF	210000	9675	219675	645000	241.88
11012006	30134304	UNIV OF DELAW	170000	2550	172550	170000	63.75
11012006	30137501	UTICA COLLEGE	51000	3180	54180	212000	79.50
11012006	30138101	VIRGINIA WESL	36000	1890	37890	126000	47.25
11012006	30138102	VIRGINIA WESL	18000	1410	19410	94000	35.25
11012006	30138702	WESLEY COLLEG	0	1974.38	1974.38	117000	43.88
11012006	30140102	WHEELING COLL	10000	300	10300	20000	7.50
11012006	30140201	WHEELOCK COLL	1159.68	186.18	1345.86	12411.56	4.65
11012006	30140502	WITTENBERG UN	0	7200	7200	480000	180.00
11012006	30140503	WITTENBERG UN	12000	2550	14550	170000	63.75
11012006	30141001	YORK HOSPITAL	0	3930	3930	262000	98.25
		TOTALS:	2,764,357.38	579,714.86	3,344,072.24	35,873,990.09	13,452.83

2

Capmark Finance

College and University Loan Trust II

Loans Paid in Full

For the Period of November 1, 2006 through November 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
30102603	11/01/06	85,260.00	84,000.00	1,260.00		11/01/06
30104001	11/01/06	50,750.00	50,000.00	750.00		11/01/06
30128301	11/01/06	126,875.00	125,000.00	1,875.00		11/01/06
30134304	11/02/06	172,550.00	170,000.00	2,550.00		11/01/06
TOTALS:		435,435.00	429,000.00	6,435.00

Capmark Finance

College and University Loan Trust II

Summary of Partial Prepayments

For the Period of November 1, 2006 through November 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
30122302	11-01-06	0.01	0.01
30127602	11-06-06	0.01	0.01
TOTAL:		0.01	0.01	—

Capmark Finance

College and University Loan Trust II

Trial Balance

As of November 30, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30100102	ALABAMA AGRICULTURAL	3.00	75,000.00	7-01-2005
30100103	ALABAMA AGRICULTURAL	3.00	1,285,000.00	5-01-2018
30100201	ALBION COLLEGE	3.00	34,000.00	10-01-2009
30100301	ALBRIGHT COLLEGE	3.00	313,000.00	11-01-2015
30101601	AUBURN UNIVERSITY	3.00	1,555,000.00	12-01-2018
30101701	AZUSA PACIFIC UNIVERSITY	3.75	134,000.00	4-01-2015
30102604	BENEDICT COLLEGE	3.00	1,314,000.00	11-01-2020
30102802	BETHANY COLLEGE - DORM BOND 1965	3.38	141,000.00	11-01-2012
30102803	BETHANY COLLEGE - HALL BOND 1967	3.00	185,000.00	11-01-2017
30102804	BETHANY COLLEGE - NOTE OF 1973	3.00	265,000.00	11-01-2012
30103302	BRANDEIS UNIVERSITY	3.00	129,902.39	11-01-2011
30103901	CALIFORNIA STATE COLLEGES	3.00	125,000.00	11-01-2007
30104102	CALIFORNIA STATE UNIVERSITY,	3.00	660,000.00	11-01-2013
30104201	TRUST SERVICES DIVISION	3.00	1,843,000.00	11-01-2019
30104401	CAMERON UNIVERSITY	3.00	305,000.00	4-01-2007
30104604	CARNEGIE MELLON	3.00	90,000.00	5-01-2009
30104605	CARNEGIE MELLON	3.00	670,000.00	11-01-2017
30104702	CARROLL COLLEGE	3.75	208,000.00	6-01-2014
30104703	CARROLL COLLEGE	3.00	115,034.08	6-01-2018
30104801	CARROLL COLLEGE - DORM BOND 1965	3.75	274,000.00	3-01-2015
30105101	CATAWBA COLLEGE	3.00	75,000.00	12-01-2009
30105404	CENTRAL MISSOURI STATE	3.00	125,000.00	7-01-2007
30105701	CHAMPLAIN COLLEGE, INC.	3.00	84,679.70	12-01-2013
30106702	COLLEGE OF SAINT ROSE	3.00	688,132.90	5-01-2022
30106802	COLLEGE OF ST. THOMAS	3.00	169,000.00	11-01-2009
30106904	COLLEGE OF SANTA FE	3.00	407,000.00	10-01-2018
30107002	COLLEGE OF THE HOLY CROSS	3.63	535,000.00	10-01-2013
30107701	CONCORDIA COLLEGE	3.00	525,000.00	5-01-2019
30108101	CUMBERLAND COLLEGE	3.00	213,000.00	8-01-2017
30108202	DAEMEN COLLEGE(ROSARY HILL COLLEGE)	3.00	400,000.00	4-01-2016
30108801	DILLARD UNIVERSITY	3.00	38,000.00	4-01-2008
30109502	DREXEL UNIVERSITY	3.50	720,000.00	5-01-2014
30109604	DRURY COLLEGE	3.00	166,000.00	4-01-2015
30109605	DRURY COLLEGE	3.00	193,000.00	10-01-2010
30109801	DYOURVILLE COLLEGE	3.00	749,535.00	4-01-2018
30110101	ELIZABETH CITY STATE UNIVERSITY	3.00	250,000.00	10-01-2017
30110301	EMBRY RIDDLE AERONAUTICAL UNIV.	3.00	65,000.00	9-01-2007
30110401	EMMANUEL COLLEGE	3.00	90,000.00	11-01-2013
30110802	FAIRLEIGH DICKINSON UNIV	3.00	1,110,000.00	11-01-2017
30111301	FLORIDA INSTITUTE OF TECHNOLOGY	3.00	61,000.00	11-01-2009
30111603	FT HAYES STATE UNIVERSITY	3.00	20,000.00	10-01-2007
30111802	GANNON UNIV. - DORM BOND 1969, SER A	3.00	319,999.98	11-01-2011
30111803	GANNON UNIVERSITY	3.00	157,814.17	12-01-2022
30112002	GEORGE FOX COLLEGE	3.00	537,556.39	7-01-2018
30112202	GEORGETOWN COLLEGE	3.00	165,000.00	12-01-2008
30112203	GEORGETOWN COLLEGE	3.00	355,000.00	12-01-2009
30112301	GEORGETOWN UNIVERSITY	3.00	2,058,000.00	11-01-2020
30112302	GEORGETOWN UNIVERSITY	4.00	5,380,000.00	11-01-2020
30112901	HAMPSHIRE COLLEGE	3.00	212,184.43	7-01-2013
30112902	HAMPSHIRE COLLEGE	3.00	788,230.17	2-01-2014

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30113601	HINDS JUNIOR COLLEGE	3.00	1,019,000.00	4-01-2013
30113702	HIWASSEE COLLEGE	3.00	138,318.97	9-15-2018
30113801	HOFSTRA UNIVERSITY	3.00	1,012,475.38	11-01-2012
30114001	HOOD COLLEGE	3.63	166,000.00	11-01-2014
30114201	HUSTON-TILLOTSON COLLEGE - DORM 1964	3.50	230,000.00	4-01-2014
30114302	HUNTINGDON COLLEGE - DORM 1968	3.00	60,000.00	10-01-2008
30114801	INTER AMERICAN UNIVERSITY OF PUERTO RICO	3.00	8,000.00	9-01-2007
30114802	INTER-AMERICAN UNIV. OF PUERTO RICO	3.00	1,594,204.80	1-01-2017
30115001	JAMES MADISON UNIVERSITY	3.00	545,000.00	6-01-2009
30115901	LA GRANGE COLLEGE	3.00	105,000.00	3-01-2009
30116201	LASSEN JUNIOR COLLEGE	3.00	339,000.00	4-01-2020
30116801	LINFIELD COLLEGE - HALL BONDS 1968	3.00	55,000.00	10-01-2017
30116904	LONG ISLAND UNIVERSITY	3.00	242,583.24	11-01-2009
30117002	LONG ISLAND UNIVERSITY	3.63	325,000.00	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	145,000.00	5-01-2014
30117403	LYCOMING COLLEGE	3.75	204,999.99	5-01-2015
30117501	LYNCHBURG COLLEGE	3.75	308,000.00	5-01-2015
30117502	LYNCHBURG COLLEGE	3.00	450,000.00	5-01-2018
30117602	MACALESTER COLLEGE	3.00	319,843.25	5-01-2020
30117801	MARIAN COLLEGE OF FOND DU LAC	3.00	345,000.00	10-01-2016
30118302	MARY BALDWIN COLLEGE	3.38	208,000.00	5-01-2012
30118401	MARYMOUNT UNIVERSITY	3.00	405,000.00	5-01-2016
30119001	SLOAN-MEMORIAL KETTERING CANCER CENTER	3.38	504,000.00	4-01-2012
30119202	MERCER UNIV. ACCOUNTING OFFICE	3.00	270,725.43	5-01-2014
30119801	MILLSAPS COLLEGE	3.00	432,000.00	11-01-2021
30119903	MISSISSIPPI STATE UNIVERSITY	3.00	1,165,000.00	12-01-2020
30120402	MORAVIAN COLLEGE	3.38	113,000.00	11-01-2012
30120501	MOREHOUSE COLLEGE	3.00	389,999.50	7-01-2010
30120601	MORGAN STATE UNIVERSTIY	3.00	1,310,592.07	11-01-2014
30120801	MORRIS COLLEGE	3.00	192,000.00	11-01-2009
30121101	NEW ENGLAND COLLEGE	3.00	102,000.00	4-01-2016
30121201	NEWARK BETH ISREAL MEDICAL CENTER	3.63	395,000.00	1-01-2014
30121501	NORFOLK STATE UNIVERSITY	3.00	2,148,571.96	12-01-2021
30122302	NORTHEASTERN UNIVERSITY	3.00	2,072,259.32	5-01-2018
30122802	OCCIDENTAL COLLEGE	3.00	196,000.00	10-01-2019
30123401	PAINE COLLEGE	3.00	645,999.99	10-01-2016
30123701	UNIVERSITY OF THE ARTS	3.00	1,821,551.97	1-01-2022
30124901	RANDOLPH MACON COLLEGE	3.00	105,000.00	5-01-2010
30125102	REGIS COLLEGE	3.00	260,000.00	11-01-2012
30125504	RIDER COLLEGE	3.63	990,000.00	11-01-2013
30125506	RIDER COLLEGE	3.00	297,000.00	5-01-2017
30125601	RIO GRANDE COLLEGE	3.00	25,416.85	3-30-2009
30126102	RUTGERS, THE STATE UNIVERSITY	3.75	450,000.00	5-01-2016
30127402	ST MARY’S SCHOOL	3.00	306,000.00	6-01-2020
30127602	SAINT MICHAELS COLLEGE	3.00	1,018,537.74	5-01-2013
30127703	SAINT NORBERT COLLEGE	3.00	44,000.00	4-01-2007
30127801	SAINT PAULS COLLEGE	3.00	302,060.31	11-01-2014
30128001	SAINT VINCENT COLLEGE	3.50	355,000.00	5-01-2013

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
30128401	UNIVERSITY OF ILLINOIS	3.00	810,000.00	11-01-2018
30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	3.00	118,000.00	11-01-2008
30128802	SETON HILL COLLEGE	3.63	197,000.00	11-01-2014
30129101	SIMPSON COLLEGE - BOND 1966	3.00	204,000.00	7-01-2016
30129402	SOUTHEAST MISSOURI STATE UNIV(ESCROW)	3.00	71,000.00	4-01-2007
30129802	SOUTHERN METHODIST UNIVERSITY	3.00	70,000.00	10-01-2007
30130301	SOUTHWEST TEXAS STATE UNIVERSITY	3.00	1,435,000.00	10-01-2015
30130502	SPALDING UNIVERSITY	3.00	16,000.00	9-01-2007
30130703	SPRINGFIELD COLLEGE	3.50	248,000.00	5-01-2013
30130903	STEPHEN F AUSTIN STATE UNIVERSITY	3.38	962,000.00	10-01-2012
30132002	TAYLOR UNIVERSITY	3.00	137,000.00	10-01-2012
30132003	TAYLOR UNIVERSITY	3.00	446,000.00	10-01-2013
30132301	TEXAS A & I UNIV-BLDG SYS SER 1969A	3.00	211,000.00	7-01-2009
30132402	TEXAS SOUTHERN UNIVERSITY	3.50	280,000.00	4-01-2013
30132601	TRANSYLVANIA UNIVERSITY	3.00	180,000.00	11-01-2010
30132904	TUFTS UNIVERSITY	3.00	1,723,000.00	10-01-2021
30133201	UNIV STUDENT COOP HOUSING	3.00	1,120,000.00	4-01-2019
30133301	UNIVERSITY OF ALABAMA	3.00	435,000.00	11-01-2008
30134002	ARKANSAS STATE TEACHERS COLLEGE	3.00	78,000.00	4-01-2005
30134101	UNIVERSITY OF CENTRAL FLORIDA	3.00	65,000.00	10-01-2007
30134305	UNIVERSITY OF DELAWARE	3.00	474,000.00	12-01-2018
30134402	UNIVERSITY OF FLORIDA / REV. CERTS.,84	3.00	1,305,000.00	7-01-2014
30135701	UNIVERSITY OF NORTH CAROLINA	3.00	145,000.00	1-01-2008
30135702	UNIVERSITY OF NORTH CAROLINA	3.00	5,000.00	1-01-2007
30136002	UNIVERSITY OF PUERTO RICO	3.00	789,000.00	6-01-2011
30136801	UNIVERSITY OF ST THOMAS	3.00	462,000.00	10-01-2019
30136901	UNIV OF STEUBENVILLE	3.13	133,000.00	4-01-2010
30137501	UTICA COLLEGE OF SYRACUSE	3.00	161,000.00	11-01-2009
30137701	VERMONT STATE COLLEGE	3.00	110,000.00	6-01-2008
30137702	VERMONT STATE COLLEGE	3.00	149,000.00	7-01-2014
30137802	VILLANOVA UNIVERSITY	3.00	835,000.00	4-01-2019
30137901	VINCENNES UNIVERSITY	3.00	2,930,000.00	6-01-2023
30138001	VIRGINIA COMMONWEALTH	3.00	1,156,999.99	6-01-2011
30138101	VIRGINIA WESELAN COLLEGE	3.00	90,000.00	11-01-2009
30138102	VIRGINA ST WESELEYAN COLLEGE	3.00	76,000.00	11-01-2010
30138702	WESLEY COLLEGE	3.38	117,000.00	5-01-2013
30139001	WEST VALLEY COLLEGE	3.00	150,000.00	4-01-2009
30140003	WHEATON COLLEGE	3.50	465,000.00	4-01-2013
30140102	WHEELING COLLEGE	3.00	10,000.00	11-01-2007
30140201	WHEELOCH COLLEGE	3.00	10,074.80	5-01-2011
30140502	WITTENBERG UNIVERSITY	3.00	480,000.00	5-01-2015
30140503	WITTENBERG UNIVERSITY	3.00	158,000.00	11-01-2017
30140601	THE COLLEGE OF WOOSTER	3.00	12,087.00	3-30-2009
30141001	YORK HOSPITAL	3.00	262,000.00	5-01-2020
	TOTALS:		69,860,371.77

3

Capmark Finance

College and University Loan Trust II

Delinquency Report (60+ Days)

As of November 30, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
30134002	UNIV CENTR AR	10/01/04	83,145.00	78,000.00
30117204	LOUISIANA STA	01/01/06	1,140.00	38,000.00
TOTAL:			84,285.00	116,000.00

Capmark Finance

College and University Loan Trust II

Liquidation Report

As of November 30, 2006

None to report for this period

Capmark Finance, Inc.

College and University Loan Trust II

Remittance Report for November 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid		Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
11/1/2006	11/1/2006	30100103	ALABAMA AGRICULTURAL	0.00	19,275.00	19,275.00	1,285,000.00	—	19,275.00	—		19,275.00
11/1/2006	11/1/2006	30102603	BENEDICT COLLEGE	84,000.00	1,260.00	85,260.00	84,000.00	84,000.00	1,260.00	—		85,260.00
11/1/2006	11/1/2006	30102604	BENEDICT COLLEGE	75,000.00	20,835.00	95,835.00	1,389,000.00	75,000.00	20,835.00	—		95,835.00
11/1/2006	11/1/2006	30103302	BRANDEIS UNIVERSITY	11,957.93	2,127.91	14,085.84	141,860.32	11,957.93	2,127.91	—		14,085.84
11/1/2006		30103302	BRANDEIS UNIVERSITY					—	—	0.01		0.01
11/1/2006	11/1/2006	30103901	CALIFORNIA STATE COLLEGES	125,000.00	3,750.00	128,750.00	250,000.00	125,000.00	3,750.00	—		128,750.00
11/1/2006	11/1/2006	30104001	CALIFORNIA STATE UNIVERSITY,	50,000.00	750.00	50,750.00	50,000.00	50,000.00	750.00	—		50,750.00
11/1/2006	11/1/2006	30104102	CALIFORNIA STATE UNIVERSITY,	85,000.00	11,175.00	96,175.00	745,000.00	85,000.00	11,175.00	—		96,175.00
11/1/2006	11/1/2006	30104201	TRUST SERVICES DIVISION	115,000.00	29,370.00	144,370.00	1,958,000.00	115,000.00	29,370.00	—		144,370.00
11/1/2006	11/1/2006	30104604	CARNEGIE MELLON	0.00	1,350.00	1,350.00	90,000.00	—	1,350.00	—		1,350.00
11/1/2006	11/1/2006	30106702	COLLEGE OF SAINT ROSE	17,338.43	10,582.07	27,920.50	705,471.33	17,338.43	10,582.07	—		27,920.50
11/1/2006	11/1/2006	30107701	CONCORDIA COLLEGE	0.00	7,875.00	7,875.00	525,000.00	—	7,875.00	—		7,875.00
11/1/2006	11/1/2006	30110802	FAIRLEIGH DICKINSON UNIV	80,000.00	17,850.00	97,850.00	1,190,000.00	80,000.00	17,850.00	—		97,850.00
11/1/2006	11/1/2006	30111301	FLORIDA INSTITUTE OF TECHNOLOGY	19,000.00	1,200.00	20,200.00	80,000.00	19,000.00	1,200.00	—		20,200.00
11/1/2006	11/1/2006	30111802	GANNON UNIV. - DORM BOND 1969, SER A	60,000.00	5,700.00	65,700.00	379,999.98	60,000.00	5,700.00	—		65,700.00
11/1/2006	11/1/2006	30116904	LONG ISLAND UNIVERSITY	38,365.26	4,214.23	42,579.49	280,948.50	38,365.26	4,214.23	—		42,579.49
11/1/2006	11/1/2006	30117402	LYCOMING COLLEGE					—	2,628.12	—		2,628.12
11/1/2006		30117402	LYCOMING COLLEGE	0.00	2,628.12	2,628.12	145,000.00	—	—	0.01		0.01
11/1/2006	11/1/2006	30117403	LYCOMING COLLEGE	0.00	3,843.75	3,843.75	204,999.99	—	3,843.75	—		3,843.75
11/1/2006	11/1/2006	30117501	LYNCHBURG COLLEGE	0.00	5,775.00	5,775.00	308,000.00	—	5,775.00	—		5,775.00
11/1/2006	11/1/2006	30117502	LYNCHBURG COLLEGE	0.00	6,750.00	6,750.00	450,000.00	—	6,750.00	—		6,750.00
11/1/2006	11/1/2006	30118302	MARY BALDWIN COLLEGE	0.00	3,510.00	3,510.00	208,000.00	—	3,510.00	—		3,510.00
11/1/2006	11/1/2006	30119202	MERCER UNIV. ACCOUNTING OFFICE	15,988.65	4,300.70	20,289.35	286,714.08	15,988.65	4,300.70	—		20,289.35
11/1/2006	11/1/2006	30120402	MORAVIAN COLLEGE	17,000.00	2,193.75	19,193.75	130,000.00	17,000.00	2,193.75	—		19,193.75
11/1/2006	11/1/2006	30120601	MORGAN STATE UNIVERSTIY	72,005.20	20,738.96	92,744.16	1,382,597.27	72,005.20	20,738.96	—		92,744.16
11/1/2006	11/1/2006	30122302	NORTHEASTERN UNIVERSITY	74,990.82	32,208.75	107,199.57	2,147,250.15	74,990.82	32,208.75	—		107,199.57
11/1/2006	11/1/2006	30122302	NORTHEASTERN UNIVERSITY					0.01	—	—		0.01
11/1/2006	11/1/2006	30124901	RANDOLPH MACON COLLEGE	15,000.00	1,800.00	16,800.00	120,000.00	15,000.00	1,800.00	—		16,800.00
11/1/2006	11/1/2006	30125102	REGIS COLLEGE	40,000.00	4,500.00	44,500.00	300,000.00	40,000.00	4,500.00	—		44,500.00
11/1/2006	11/1/2006	30125504	RIDER COLLEGE	125,000.00	20,209.38	145,209.38	1,115,000.00	125,000.00	20,209.37	—		145,209.37
11/1/2006		30125504	RIDER COLLEGE					—	—	0.02		0.02
11/1/2006	11/1/2006	30125506	RIDER COLLEGE	0.00	4,455.00	4,455.00	297,000.00	—	4,455.00	—		4,455.00
11/1/2006	11/1/2006	30126102	RUTGERS, THE STATE UNIVERSITY	0.00	8,437.50	8,437.50	450,000.00	—	8,437.50	—		8,437.50
11/1/2006	11/1/2006	30128001	SAINT VINCENT COLLEGE	0.00	6,212.50	6,212.50	355,000.00	—	6,212.50	—		6,212.50
11/1/2006	11/1/2006	30128301	CALIFORNIA STATE COLLEGES	125,000.00	1,875.00	126,875.00	125,000.00	125,000.00	1,875.00	—		126,875.00
11/1/2006	11/1/2006	30128401	UNIVERSITY OF ILLINOIS	30,000.00	12,600.00	42,600.00	840,000.00	30,000.00	12,600.00	—		42,600.00
11/1/2006	11/1/2006	30128602	SEATTLE UNIVERSITY - 1967 PHYS ED	56,000.00	2,610.00	58,610.00	174,000.00	56,000.00	2,610.00	—		58,610.00
11/1/2006	11/1/2006	30128802	SETON HILL COLLEGE	21,000.00	3,951.25	24,951.25	218,000.00	21,000.00	3,951.25	—		24,951.25
11/1/2006	11/1/2006	30130703	SPRINGFIELD COLLEGE	0.00	4,340.00	4,340.00	248,000.00	—	4,340.00	—		4,340.00
11/1/2006	11/1/2006	30132601	TRANSYLVANIA UNIVERSITY	42,000.00	3,330.00	45,330.00	222,000.00	42,000.00	3,330.00	—		45,330.00
11/1/2006		30134304	UNIVERSITY OF DELAWARE	170,000.00	2,550.00	172,550.00	170,000.00	—	—	172,550.00		172,550.00
11/1/2006	11/1/2006	30138101	VIRGINIA WESELAN COLLEGE	36,000.00	1,890.00	37,890.00	126,000.00	36,000.00	1,890.00	—		37,890.00
11/1/2006	11/1/2006	30138102	VIRGINA ST WESELEYAN COLLEGE	18,000.00	1,410.00	19,410.00	94,000.00	18,000.00	1,410.00	—		19,410.00
11/1/2006	11/1/2006	30138702	WESLEY COLLEGE	0.00	1,974.38	1,974.38	117,000.00	—	1,974.38	—		1,974.38
11/1/2006	5/1/2007	30140201	WHEELOCH COLLEGE	1,159.68	186.18	1,345.86	12,411.56	1,177.08	168.78	—		1,345.86
11/1/2006	11/1/2006	30140502	WITTENBERG UNIVERSITY	0.00	7,200.00	7,200.00	480,000.00	—	7,200.00	—		7,200.00
11/1/2006	11/1/2006	30140503	WITTENBERG UNIVERSITY	12,000.00	2,550.00	14,550.00	170,000.00	12,000.00	2,550.00	—		14,550.00
System Credits 11/1														1,943,150.44
System Debits 11/1
Bank Credit 11/1																14,751.66
Bank Debit 11/1
Trustee Wire 11/1																	14,751.66
11/2/2006	11/1/2006	30112301	GEORGETOWN UNIVERSITY	117,000.00	32,625.00	149,625.00	2,175,000.00	117,000.00	32,625.00	—		149,625.00
11/2/2006	11/1/2006	30112302	GEORGETOWN UNIVERSITY	285,000.00	113,300.00	398,300.00	5,665,000.00	285,000.00	113,300.00	—		398,300.00
11/2/2006		30134304	UNIVERSITY OF DELAWARE					—	—	(172,550.00	)	(172,550.00	)
11/2/2006	11/1/2006	30134304	UNIVERSITY OF DELAWARE					170,000.00	2,550.00	—		172,550.00
System Credits 11/2														720,475.00
System Debits 11/2														(172,550.00	)
Bank Credit 11/2																1,943,150.44
Bank Debit 11/2
Trustee Wire 11/2																	1,943,150.44

11/3/2006			30103302	BRANDEIS UNIVERSITY					—	—	(0.01	)	(0.01	)
11/3/2006	5/1/2007		30103302	BRANDEIS UNIVERSITY					—	0.01	—		0.01
11/3/2006	11/1/2006		30110401	EMMANUEL COLLEGE	11,000.00	1,515.00	12,515.00	101,000.00	11,000.00	1,515.00	—		12,515.00
11/3/2006			30117402	LYCOMING COLLEGE					—	—	(0.01	)	(0.01	)
11/3/2006	5/1/2007		30117402	LYCOMING COLLEGE					—	0.01	—		0.01
11/3/2006			30125504	RIDER COLLEGE					—	—	(0.02	)	(0.02	)
11/3/2006	5/1/2007		30125504	RIDER COLLEGE					—	0.02	—		0.02
System Credits 11/3															12,515.03
System Debits 11/3															(0.04	)
Bank Credit 11/3																	720,475.00
Bank Debit 11/3 (Payment Reversal)																			172,550.00
Bank Debit 11/3 (Service Fee)																			6,131.56
Trustee Wire 11/3																		541,793.44
11/6/2006	11/1/2006		30119801	MILLSAPS COLLEGE	24,000.00	6,840.00	30,840.00	456,000.00	24,000.00	6,840.00	—		30,840.00
11/6/2006	11/1/2006		30120801	MORRIS COLLEGE	60,000.00	3,780.00	63,780.00	252,000.00	60,000.00	3,780.00	—		63,780.00
11/6/2006	11/1/2006		30127602	SAINT MICHAELS COLLEGE	70,524.07	16,335.93	86,860.00	1,089,061.82	70,524.07	16,335.93	—		86,860.00
11/6/2006	11/1/2006		30127602	SAINT MICHAELS COLLEGE					0.01	—	—		0.01
System Credits 11/6															181,480.01
System Debits 11/6
Bank Credit 11/6																	12,515.04
Bank Debit 11/6 (Payment Reversal)																			0.04
Trustee Wire 11/6																		12,515.00
11/7/2006	11/1/2006		30100301	ALBRIGHT COLLEGE	35,000.00	5,220.00	40,220.00	348,000.00	35,000.00	5,220.00	—		40,220.00
11/7/2006	11/1/2006		30102802	BETHANY COLLEGE - DORM BOND 1965	25,000.00	2,801.25	27,801.25	166,000.00	25,000.00	2,801.25	—		27,801.25
11/7/2006	11/1/2006		30102803	BETHANY COLLEGE - HALL BOND 1967	15,000.00	3,000.00	18,000.00	200,000.00	15,000.00	3,000.00	—		18,000.00
11/7/2006	11/1/2006		30102804	BETHANY COLLEGE - NOTE OF 1973	20,000.00	4,275.00	24,275.00	285,000.00	20,000.00	4,275.00	—		24,275.00
11/7/2006	11/1/2006		30106802	COLLEGE OF ST. THOMAS	53,000.00	3,330.00	56,330.00	222,000.00	53,000.00	3,330.00	—		56,330.00
11/7/2006	11/1/2006		30109502	DREXEL UNIVERSITY	0.00	12,600.00	12,600.00	720,000.00	—	12,600.00	—		12,600.00
11/7/2006	11/1/2006		30118401	MARYMOUNT UNIVERSITY	0.00	6,075.00	6,075.00	405,000.00	—	6,075.00	—		6,075.00
11/7/2006	11/1/2006		30133301	UNIVERSITY OF ALABAMA	210,000.00	9,675.00	219,675.00	645,000.00	210,000.00	9,674.99	—		219,674.99
11/7/2006	5/1/2007		30133301	UNIVERSITY OF ALABAMA					—	0.01	—		0.01
11/7/2006	11/1/2006		30140102	WHEELING COLLEGE	10,000.00	300.00	10,300.00	20,000.00	10,000.00	300.00	—		10,300.00
11/7/2006	11/1/2006		30141001	YORK HOSPITAL	0.00	3,930.00	3,930.00	262,000.00	—	3,930.00	—		3,930.00
System Credits 11/7															419,206.25
System Debits 11/7
Bank Credit 11/7																	181,480.01
Bank Debit 11/7
Trustee Wire 11/7																		181,480.01
11/9/2006	11/1/2006		30104605	CARNEGIE MELLON	25,000.00	10,425.00	35,425.00	695,000.00	25,000.00	10,425.00	—		35,425.00
System Credits 11/8															35,425.00
System Debits 11/8
Bank Credit 11/8																	419,206.25
Bank Debit 11/8
Trustee Wire 11/8																		419,206.25
11/13/2006		11/1/2006	30137501	UTICA COLLEGE OF SYRACUSE	51,000.00	3,180.00	54,180.00	212,000.00	51,000.00	3,179.99	—		54,179.99
11/13/2006		5/1/2007	30137501	UTICA COLLEGE OF SYRACUSE					—	0.01	—		0.01
System Credits 11/13															54,180.00
System Debits 11/13
Bank Credit 11/13																	35,425.00
Bank Debit 11/13
Trustee Wire 11/13																		35,425.00

11/21/2006	12/1/2006	30105701	CHAMPLAIN COLLEGE, INC.	5,399.74	1,351.19	—	6,750.93
System Credits 11/14							6,750.93
System Debits 11/14
Bank Credit 11/14								54,180.00
Bank Debit 11/14
Trustee Wire 11/14									54,180.00

11/22/2006	12/1/2006	30105101	CATAWBA COLLEGE					13,000.00	1,320.00	—	14,320.00
System Credits 11/22												14,320.00
System Debits 11/22
Bank Credit 11/22													6,750.93
Bank Debit 11/22
Trustee Wire 11/22															6,750.93
System Credits 11/27
System Debits 11/27
Bank Credit 11/27													14,320.00
Bank Debit 11/27
Trustee Wire 11/27															14,320.00
			TOTALS:	2,643,330.04	550,551.61	3,193,881.65	33,968,315.00	2,661,747.20	553,205.43	0.00	3,214,952.63	3,214,952.62	3,402,254.33	3,223,572.73		178,681.60

Loans Due in Current Period and Paid in Prior Period:
10/30/06	11/1/2006	30113801	HOFSTRA UNIVE	76489.24	16,334.48	92,823.72	1,088,964.62
10/23/06	11/1/2006	30114001	HOOD COLLEGE	19000	3,353.12	22,353.12	185,000.00
10/31/06	11/1/2006	30117602	MACALESTER CO	9806.91	4,944.75	14,751.66	329,650.16
			TOTALS:	105,296.15	24,632.35	129,928.50	1,603,614.78
Loans Due in Current Period Not Yet Paid:
	11/01/06	30127801	ST PAULS COLL	15,731.19	4,530.90	20,262.09	302,060.31
			TOTALS:	15,731.19	4,530.90	20,262.09	302,060.31
			GRAND TOTAL:	2,764,357.38	579,714.86	3,344,072.24	35,873,990.09

Capmark Finance, Inc.

College and University Loan Trust II

Remittance Report Reconciliation

November-06

Total System Credits @ 11/30		3,214,952.62
Total Bank Credits @ 11/30		3,402,254.33
10/31/06	In transit	(14,751.66	)
11/02/06	Payment Reversal	(172,550.00	)
11/03/06	Payment Reversal	(0.04	)
11/30/06	Reconciling item?	(0.01	)
Adjusted Bank Credits:		3,214,952.62

Total Bank Credits @ 11/30		3,402,254.33
Total Debits to Trustee @ 11/30		3,223,572.73
09/14/06	Service Fees	6,131.56
11/02/06	Payment Reversal	172,550.00
11/03/06	Payment Reversal	0.04
Adjusted Debits to Trustee		3,402,254.33

May 17, 2006

Richard C. Tarnas

J.P. Morgan Trust Company

227 West Monroe, 26^th Floor

Chicago, IL 60606

RE: College and University Loan Trust One Payment Date Report

•              Due period amounts billed through May 1, 2006

$ 2,390,627

•              Due period amounts billed and not received through May 1, 2006

$ 219,656

•              Due period amounts billed and received May 2, 2006 through May 17, 2006

$ 219,401

We certify the above information to be true and correct to the best of our knowledge.

To validate signature use the Approved

menu to Authenticate Report & Print

Approved by: dcunning; 5/23/2006

14.49.43

Darri Cunningham

Vice President, CMBS Investor Reporting

Cc:	Diana Kenneally
	US Bank
	One Federal Street
	3rd Floor
	Boston, MA 02110

November 17, 2006

Richard C. Tarnas

J.P. Morgan Trust Company

227 West Monroe, 26^th Floor

Chicago, IL 60606

RE: College and University Loan Trust Two Payment Date Report

•              Due period amounts billed through November 1, 2006

$ 6,729,169.00

•              Due period amounts billed and not received through November 1, 2006

$ 1,518,233.00

•              Due period amounts billed and received November 2, 2006 through November 16, 2006

$ 1,423,281.00

We certify the above information to be true and correct to the best of our knowledge.

Darri Cunningham

Vice President, CMBS Investor Reporting

Cc:	Diana Kenneally
	US Bank
	One Federal Street
	3rd Floor
	Boston, MA 02110

	Capmark Finance Inc.
	200 Witmer Road
	Horsham, PA 19044
Real Estate Finance. Investments, Services	www.capmark.com