SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report : July 15, 2002
(Date of earliest event reported)
Commission File No.: 333-83930-01
Wachovia Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2002-C1
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
52-2365707
52-2365708
52-2365709
(I.R.S. Employer Identification No.)
c/o Wells Fargo Bank Minnesota, N.A.
9062 Old Annapolis Road
Columbia, Maryland 21045
(Address of principal executive offices) (Zip Code)
(410) 884-2000
Registrant's Full Telephone Number
(Former name, former address and former fiscal year,
if changed since last report)
ITEM 5. Other Events
On July 15, 2002 a distribution was made to holders of Wachovia
Commercial Mortgage Securities, Inc.,Commercial Mortgage Pass-Through
Certificates, Series 2002-C1.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial Mortgage
Pass-Through Certificates, Series 2002-C1, relating to the
July 15, 2002 distribution.
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Wachovia Commercial Mortgage Securities, Inc
Commercial Mortgage Pass-Through Certificates
Series 2002-C1
By: Wells Fargo Bank Minnesota, N.A., as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: July 15, 2002
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial Mortgage
Pass-Through Certificates, Series 2002-C1, relating to the
July 15, 2002 distribution.
EX-99.1
Wells Fargo Bank Minnesota, N.A.
Corporate Trust Services
9062 Old Annapolis Rd
Columbia, MD 21045-1951
Wachovia Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2002-C1
For Additional Information, please contact
CTSLink Customer Service
(301) 815-6600
Reports Available on the World Wide Web
@ www.ctslink.com/cmbs
Payment Date: 07/15/2002
Record Date: 06/28/2002
DISTRIBUTION DATE STATEMENT
Table of Contents
STATEMENT SECTIONS PAGE(s)
Certificate Distribution Detail 2
Certificate Factor Detail 3
Reconciliation Detail 4
Other Required Information 5
Ratings Detail 6
Current Mortgage Loan and Property Stratification Tables 7 - 9
Mortgage Loan Detail 10 - 14
Principal Prepayment Detail 15
Historical Detail 16
Delinquency Loan Detail 17 - 18
Specially Serviced Loan Detail 19 - 20
Modified Loan Detail 21
Liquidated Loan Detail 22
Depositor
Wachovia Commercial Mortgage
Securities, Inc.
Charlotte, NC 28288-1016
Contact: Tim Steward
Phone Number: (704) 593-7822
Master Servicer
Wachovia Bank, National Association
Charlotte Plaza, Floor 23 NC-1075
201 South College Street
Charlotte, NC 28288
Contact: Timothy S.Ryan
Phone Number: (704) 593-7878
Special Servicer
Lennar Partners, Inc.
700 N.W.107th Avenue
Miami, FL 33172
Contact: Steve Bruha
Phone Number: (305) 229-6614
This report has been compiled from information provided to Wells Fargo Bank MN,
N.A. by various third parties, which may include the Servicer, Master Servicer,
Special Servicer and others. Wells Fargo Bank MN, N.A. has not independently
confirmed the accuracy of information received from these third parties and
assumes no duty to do so. Wells Fargo Bank MN, N.A. expressly disclaims any
responsibility for the accuracy or completeness of information furnished by
third parties.
Copyright 1997, Wells Fargo Bank Minnesota, N.A.
Certificate Distribution Detail
Class CUSIP Pass-Through Original Beginning Principal
Rate Balance Balance Distribution
<s> <c> <c> <c> <c> <c>
A-1 929766AA1 4.539000% 59,085,000.00 58,425,300.13 846,980.21
A-2 929766AB9 5.681000% 135,498,000.00 135,498,000.00 0.00
A-3 929766AC7 6.164000% 135,167,000.00 135,167,000.00 0.00
A-4 929766AD5 6.287000% 404,157,000.00 404,157,000.00 0.00
B 929766AE3 6.413000% 35,627,000.00 35,627,000.00 0.00
C 929766AF0 6.551000% 42,752,000.00 42,752,000.00 0.00
D 929766AG8 6.630000% 9,500,000.00 9,500,000.00 0.00
E 929766AK9 7.029000% 13,063,000.00 13,063,000.00 0.00
F 929766AL7 7.128000% 16,626,000.00 16,626,000.00 0.00
G 929766AM5 7.203821% 13,063,000.00 13,063,000.00 0.00
H 929766AN3 6.290000% 15,438,000.00 15,438,000.00 0.00
J 929766AP8 6.290000% 17,814,000.00 17,814,000.00 0.00
K 929766AQ6 6.290000% 4,750,000.00 4,750,000.00 0.00
L 929766AR4 6.290000% 9,980,000.00 9,980,000.00 0.00
M 929766AS2 6.290000% 7,036,000.00 7,036,000.00 0.00
N 929766AT0 6.290000% 4,690,000.00 4,690,000.00 0.00
O 929766AU7 6.290000% 25,796,449.00 25,796,449.00 0.00
Z-I N\A 0.000000% 0.00 0.00 0.00
Z-II N\A 0.000000% 0.00 0.00 0.00
Z-III N\A 0.000000% 0.00 0.00 0.00
R-I N\A 0.000000% 0.00 0.00 0.00
R-II N\A 0.000000% 0.00 0.00 0.00
Totals 950,042,449.00 949,382,749.13 846,980.21
Class CUSIP Interest Prepayment Realized Loss/ Total Ending Current
Distribution Penalties Additional Trust Distribution Balance Subordination
Fund Expenses Level(1)
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 929766AA1 220,993.70 0.00 0.00 1,067,973.91 57,578,319.92 22.79%
A-2 929766AB9 641,470.11 0.00 0.00 641,470.11 135,498,000.00 22.79%
A-3 929766AC7 694,307.82 0.00 0.00 694,307.82 135,167,000.00 22.79%
A-4 929766AD5 2,117,445.88 0.00 0.00 2,117,445.88 404,157,000.00 22.79%
B 929766AE3 190,396.63 0.00 0.00 190,396.63 35,627,000.00 19.03%
C 929766AF0 233,390.29 0.00 0.00 233,390.29 42,752,000.00 14.52%
D 929766AG8 52,487.50 0.00 0.00 52,487.50 9,500,000.00 13.52%
E 929766AK9 76,516.52 0.00 0.00 76,516.52 13,063,000.00 12.14%
F 929766AL7 98,758.44 0.00 0.00 98,758.44 16,626,000.00 10.39%
G 929766AM5 78,419.59 0.00 0.00 78,419.59 13,063,000.00 9.01%
H 929766AN3 80,920.85 0.00 0.00 80,920.85 15,438,000.00 7.39%
J 929766AP8 93,375.05 0.00 0.00 93,375.05 17,814,000.00 5.51%
K 929766AQ6 24,897.92 0.00 0.00 24,897.92 4,750,000.00 5.01%
L 929766AR4 52,311.83 0.00 0.00 52,311.83 9,980,000.00 3.96%
M 929766AS2 36,880.37 0.00 0.00 36,880.37 7,036,000.00 3.21%
N 929766AT0 24,583.42 0.00 0.00 24,583.42 4,690,000.00 2.72%
O 929766AU7 135,216.39 0.00 0.00 135,216.39 25,796,449.00 0.00%
Z-I N\A 0.00 0.00 0.00 0.00 0.00 0.00%
Z-II N\A 0.00 0.00 0.00 0.00 0.00 0.00%
Z-III N\A 0.00 0.00 0.00 0.00 0.00 0.00%
R-I N\A 0.00 0.00 0.00 0.00 0.00 0.00%
R-II N\A 0.00 0.00 0.00 0.00 0.00 0.00%
Totals 4,852,372.31 0.00 0.00 5,699,352.52 948,535,768.92
Original Beginning
Pass-Through Notional Notional
Class CUSIP Rate Amount Amount
<s> <c> <c> <c> <c>
IO-I 929766AH6 0.362740% 950,042,449.00 949,382,749.13
IO-II 929766AJ2 0.953988% 754,125,000.00 754,125,000.00
Ending
Interest Prepayment Total Notional
Class CUSIP Distribution Penalties Distribution Amount
<s> <c> <c> <c> <c> <c>
IO-I 929766AH6 286,982.91 0.00 286,982.91 948,535,768.92
IO-II 929766AJ2 599,521.89 0.00 599,521.89 754,125,000.00
<FN>
(1) Calculated by taking (A) the sum of the ending certificate balance of all
classes less (B) the sum of (i) the ending certificate balance of the designated
class and (ii) the ending certificate balance of all classes which are not
subordinate to the designated class and dividing the result by (A).
</FN>
Certificate Factor Detail
Realized Loss/
Beginning Principal Interest Prepayment Additional Trust Ending
Class CUSIP Balance Distribution Distribution Penalties Fund Expenses Balance
<c> <c> <c>
A-1 929766AA1 988.83473183 14.33494474 3.74026741 0.00000000 0.00000000 974.49978709
A-2 929766AB9 1,000.00000000 0.00000000 4.73416663 0.00000000 0.00000000 1,000.00000000
A-3 929766AC7 1,000.00000000 0.00000000 5.13666664 0.00000000 0.00000000 1,000.00000000
A-4 929766AD5 1,000.00000000 0.00000000 5.23916666 0.00000000 0.00000000 1,000.00000000
B 929766AE3 1,000.00000000 0.00000000 5.34416678 0.00000000 0.00000000 1,000.00000000
C 929766AF0 1,000.00000000 0.00000000 5.45916659 0.00000000 0.00000000 1,000.00000000
D 929766AG8 1,000.00000000 0.00000000 5.52500000 0.00000000 0.00000000 1,000.00000000
E 929766AK9 1,000.00000000 0.00000000 5.85749981 0.00000000 0.00000000 1,000.00000000
F 929766AL7 1,000.00000000 0.00000000 5.94000000 0.00000000 0.00000000 1,000.00000000
G 929766AM5 1,000.00000000 0.00000000 6.00318380 0.00000000 0.00000000 1,000.00000000
H 929766AN3 1,000.00000000 0.00000000 5.24166667 0.00000000 0.00000000 1,000.00000000
J 929766AP8 1,000.00000000 0.00000000 5.24166667 0.00000000 0.00000000 1,000.00000000
K 929766AQ6 1,000.00000000 0.00000000 5.24166737 0.00000000 0.00000000 1,000.00000000
L 929766AR4 1,000.00000000 0.00000000 5.24166633 0.00000000 0.00000000 1,000.00000000
M 929766AS2 1,000.00000000 0.00000000 5.24166714 0.00000000 0.00000000 1,000.00000000
N 929766AT0 1,000.00000000 0.00000000 5.24166738 0.00000000 0.00000000 1,000.00000000
O 929766AU7 1,000.00000000 0.00000000 5.24166679 0.00000000 0.00000000 1,000.00000000
Z-I N\A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Z-II N\A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Z-III N\A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-I N\A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II N\A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Beginnning Ending
Notional Interest Prepayment Notional
Class CUSIP Amount Distribution Penalties Amount
IO-I 929766AH6 999.30561011 0.30207378 0.00000000 998.41409183
IO-II 929766AJ2 1,000.00000000 0.79499007 0.00000000 1,000.00000000
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 1,082,684.77
Servicing Advances Outstanding 25,365.79
Reimbursement for Interest on P&I Advances 0.00
paid from general collections
Reimbursement for Interest on Servicing Advances 0.00
paid from general collections
Aggregate amount of Nonrecoverable Advances 0.00
Servicing Fee Summary
<s> <c>
Current Period Accrued Servicing Fees 44,917.41
Less Delinquent Servicing Fees 6,453.37
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 660.93
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 39,124.97
Certificate Interest Reconciliation
Class Accrued Net Aggregate Deferred Distributable Distributable Additional Interest Remaining Unpaid
Certificate Prepayment Interest Certificate Certificate Trust Distribution Distributable
Interest Interest Shortfall Amount Interest Interest Fund Certificate
Adjustment Expenses Interest
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 220,993.70 0.00 0.00 220,993.70 0.00 0.00 220,993.70 0.00
A-2 641,470.11 0.00 0.00 641,470.11 0.00 0.00 641,470.11 0.00
A-3 694,307.82 0.00 0.00 694,307.82 0.00 0.00 694,307.82 0.00
A-4 2,117,445.88 0.00 0.00 2,117,445.88 0.00 0.00 2,117,445.88 0.00
IO-I 286,982.91 0.00 0.00 286,982.91 0.00 0.00 286,982.91 0.00
IO-II 599,521.89 0.00 0.00 599,521.89 0.00 0.00 599,521.89 0.00
B 190,396.63 0.00 0.00 190,396.63 0.00 0.00 190,396.63 0.00
C 233,390.29 0.00 0.00 233,390.29 0.00 0.00 233,390.29 0.00
D 52,487.50 0.00 0.00 52,487.50 0.00 0.00 52,487.50 0.00
E 76,516.52 0.00 0.00 76,516.52 0.00 0.00 76,516.52 0.00
F 98,758.44 0.00 0.00 98,758.44 0.00 0.00 98,758.44 0.00
G 78,419.59 0.00 0.00 78,419.59 0.00 0.00 78,419.59 0.00
H 80,920.85 0.00 0.00 80,920.85 0.00 0.00 80,920.85 0.00
J 93,375.05 0.00 0.00 93,375.05 0.00 0.00 93,375.05 0.00
K 24,897.92 0.00 0.00 24,897.92 0.00 0.00 24,897.92 0.00
L 52,311.83 0.00 0.00 52,311.83 0.00 0.00 52,311.83 0.00
M 36,880.37 0.00 0.00 36,880.37 0.00 0.00 36,880.37 0.00
N 24,583.42 0.00 0.00 24,583.42 0.00 0.00 24,583.42 0.00
O 135,216.39 0.00 0.00 135,216.39 0.00 0.00 135,216.39 0.00
Total 5,738,877.11 0.00 0.00 5,738,877.11 0.00 0.00 5,738,877.11 0.00
Other Required Information
<s> <c>
Available Distribution Amount (1) 6,585,857.32
Aggregate Number of Outstanding Loans 156
Aggregate Stated Principal Balance of Loans Before Distribution 949,382,749.00
Aggregate Stated Principal Balance of Loans After Distribution 948,535,768.79
Aggregate Unpaid Principal Balance of Loans 948,709,246.08
Aggregate Amount of Servicing Fee 39,124.97
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 2,120.29
Aggregate Trust Fund Expenses 0.00
Interest Reserve Deposit 0.00
Interest Reserve Withdrawal 0.00
Specially Serviced Loans not Delinquent
Number of Outstanding Loans 0
Aggregate Unpaid Principal Balance 0.00
<FN>
(1) The Available Distribution Amount includes any Prepayment Premiums.
</FN>
Original Subordination Level
Class A-1 22.750000% Class H 10.500000%
Class A-2 22.750000% Class J 9.000000%
Class B 19.000000% Class K 7.500000%
Class C 17.750000% Class L 5.250000%
Class D 16.500000% Class M 4.500000%
Class E 14.750000% Class N 3.780000%
Class F 13.500000% Class O 3.070000%
Class G 12.250000% Class P 2.600000%
Class Q 0.000000%
Appraisal Reduction Amount
Appraisal Cumulative Date Appraisal
Loan Reduction ASER Reduction
Number Amount Amount Effected
NONE
Ratings Detail
Original Ratings Current Ratings (1)
Class CUSIP Fitch Moody's S&P Fitch Moody's S&P
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 929766AA1 X Aaa AAA X Aaa AAA
A-2 929766AB9 X Aaa AAA X Aaa AAA
A-3 929766AC7 X Aaa AAA X Aaa AAA
A-4 929766AD5 X Aaa AAA X Aaa AAA
IO-I 929766AH6 X Aaa AAA X Aaa AAA
IO-II 929766AJ2 X Aaa AAA X Aaa AAA
B 929766AE3 X Aa2 AA X Aa2 AA
C 929766AF0 X A2 A X A2 A
D 929766AG8 X A3 A- X A3 A-
E 929766AK9 X Baa1 BBB+ X Baa1 BBB+
F 929766AL7 X Baa2 BBB X Baa2 BBB
G 929766AM5 X Baa3 BBB- X Baa3 BBB-
H 929766AN3 X Ba1 BB+ X Ba1 BB+
J 929766AP8 X Ba2 BB X Ba2 BB
K 929766AQ6 X Ba3 BB- X Ba3 BB-
L 929766AR4 X N/R B+ X N/R B+
M 929766AS2 X B2 B X B2 B
N 929766AT0 X B3 B- X B3 B-
O 929766AU7 X N/A NR X N/A NR
<FN>
NR - Designates that the class was not rated by the above agency at the
time of original issuance.
X - Designates that the above rating agency did not rate any classes in this
transaction at the time of original issuance.
N/A - Data not available this period.
1) For any class not rated at the time of original issuance by any particular
rating agency, no request has been made subsequent to issuance to obtain rating
information, if any, from such rating agency. The current ratings were obtained
directly from the applicable rating agency within 30 days of the payment date
listed above. The ratings may have changed since they were obtained. Because the
ratings may have changed, you may want to obtain current ratings directly from
the rating agencies.
Fitch, Inc.
One State Street Plaza
New York, New York 10004
(212) 908-0500
Moody's Investors Service
99 Church Street
New York, New York 10007
(212) 553-0300
Standard & Poor's Rating Services
55 Water Street
New York, New York 10041
(212) 438-2430
</FN>
Current Mortgage Loan and Property Stratification Tables
Scheduled Balance
% Of
Scheduled # of Scheduled Agg. WAM Weighted
Balance Loans Balance Bal. (2) WAC Avg DSCR(1)
<s> <c> <c> <c> <c> <c> <c>
Below 1,000,000 11 7,502,880.21 0.79 106 8.0557 1.401551
1,000,001 to 2,000,000 17 26,024,052.50 2.74 115 7.4959 1.358803
2,000,001 to 3,000,000 21 51,477,902.05 5.43 117 7.4252 1.296340
3,000,001 to 4,000,000 12 41,605,753.25 4.39 110 7.4167 1.314533
4,000,001 to 5,000,000 22 99,534,701.37 10.49 101 7.1502 1.289592
5,000,001 to 6,000,000 13 71,626,259.58 7.55 115 7.2314 1.373326
6,000,001 to 7,000,000 14 90,539,709.95 9.55 114 7.2450 1.344225
7,000,001 to 8,000,000 10 76,765,695.07 8.09 122 7.3054 1.326566
8,000,001 to 9,000,000 7 59,749,918.74 6.30 107 7.1278 1.475872
9,000,001 to 10,000,000 7 66,360,522.35 7.00 129 7.3464 1.466003
10,000,001 to 15,000,000 11 131,528,147.39 13.87 103 7.3262 1.268573
15,000,001 to 20,000,000 6 102,360,962.50 10.79 133 7.3568 1.304590
20,000,001 to 25,000,000 2 42,554,027.23 4.49 78 7.8270 1.364770
25,000,001 or greater 3 80,905,236.60 8.53 97 7.1813 1.244973
Totals 156 948,535,768.79 100.00 111 7.3132 1.330714
State(3)
% Of
# of Scheduled Agg. WAM Weighted
State Props Balance Bal. (2) WAC Avg DSCR(1)
<s> <c> <c> <c> <c> <c> <c>
Alabama 1 15,306,231.72 1.61 116 7.0900 1.320682
Arizona 10 63,611,780.11 6.71 111 7.2575 1.256233
California 45 287,314,193.95 30.29 102 7.2479 1.347829
Colorado 4 31,974,628.78 3.37 114 7.2979 1.299279
Connecticut 2 28,124,523.19 2.97 66 8.0269 1.405823
Florida 17 133,818,406.97 14.11 112 7.2545 1.306896
Georgia 2 6,652,695.92 0.70 117 7.2703 1.240529
Illinois 1 2,914,342.64 0.31 117 7.7000 1.220000
Iowa 2 8,643,100.14 0.91 114 7.5686 1.265359
Kansas 1 1,021,236.31 0.11 101 8.4500 1.284249
Louisiana 1 9,947,575.29 1.05 117 7.5000 1.740000
Maine 1 17,432,293.67 1.84 115 7.3600 1.270000
Maryland 2 10,363,726.00 1.09 116 7.3893 1.472695
Massachusetts 4 25,660,740.66 2.71 112 7.4812 1.277200
Michigan 2 16,119,685.14 1.70 181 7.6034 1.346769
Minnesota 3 12,406,125.25 1.31 96 7.2994 1.302420
Mississippi 1 2,446,136.33 0.26 115 7.1700 1.230000
Missouri 3 10,129,492.62 1.07 109 6.9553 1.328669
Nevada 8 29,611,708.82 3.12 111 7.4815 1.285832
New Jersey 1 990,678.19 0.10 109 8.9000 1.320000
New York 3 26,283,194.25 2.77 115 7.0186 1.354729
North Carolina 3 23,924,565.39 2.52 151 7.1284 1.319319
North Dakota 1 992,062.64 0.10 108 7.6000 1.257597
Oklahoma 1 12,074,846.96 1.27 117 7.4000 1.320000
Oregon 2 7,633,857.43 0.80 139 7.9438 1.351643
Pennsylvania 2 15,104,370.58 1.59 114 7.0823 1.208859
Rhode Island 1 3,295,114.93 0.35 114 7.6800 1.310000
South Carolina 1 2,453,326.33 0.26 114 7.0600 1.246381
Tennessee 2 18,066,231.82 1.90 215 7.9234 1.327934
Texas 21 55,836,253.00 5.89 94 7.1898 1.318496
Utah 3 15,870,799.91 1.67 112 7.1247 1.829269
Virginia 2 6,791,283.88 0.72 116 7.5825 1.293319
Washington 12 22,855,859.14 2.41 112 7.2839 1.290230
Washington,DC 3 22,864,700.82 2.41 115 7.3821 1.242148
Totals 168 948,535,768.79 100.00 111 7.3132 1.330714
Debt Service Coverage Ratio(1)
Debt Service # of Scheduled % of Weighted
Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<s> <c> <c> <c> <c> <c> <c>
1.19 or less 2 6,159,874.79 0.65 70 7.0768 1.196986
1.20 to 1.24 37 226,940,868.88 23.93 106 7.2725 1.223382
1.25 to 1.29 42 237,663,961.16 25.06 116 7.3771 1.274354
1.30 to 1.34 31 223,914,533.28 23.61 114 7.2529 1.316211
1.35 to 1.39 14 74,306,244.05 7.83 102 7.4102 1.367612
1.40 to 1.44 11 80,378,480.87 8.47 108 7.4528 1.420675
1.45 to 1.49 4 25,847,826.24 2.73 111 7.1437 1.479613
1.50 to 1.54 2 12,799,213.48 1.35 116 7.2245 1.511142
1.55 to 1.59 3 17,109,652.33 1.80 116 7.5077 1.554648
1.60 to 1.64 2 6,111,464.93 0.64 114 7.0597 1.635107
1.65 to 1.69 1 5,991,308.49 0.63 118 7.0000 1.650000
1.70 or greater 7 31,312,340.29 3.30 123 7.1931 1.908383
Totals 156 948,535,768.79 100.00 111 7.3132 1.330714
Property Type
Property # of Scheduled % of Weighted
Type Props Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<s> <c> <c> <c> <c> <c> <c>
Industrial 24 78,036,218.94 8.23 153 7.6329 1.334953
Lodging 2 21,210,693.20 2.24 101 8.1213 1.539756
Mixed Use 8 29,237,491.04 3.08 108 7.5123 1.275484
Mobile Home Park 7 40,184,381.50 4.24 109 7.1757 1.265346
Multi-Family 45 270,442,956.54 28.51 105 7.0711 1.321154
Office 26 185,343,831.75 19.54 104 7.4072 1.311577
Retail 55 317,095,126.55 33.43 112 7.3302 1.343352
Self Storage 1 6,985,069.26 0.74 118 7.3600 1.560000
Totals 168 948,535,768.79 100.00 111 7.3132 1.330714
Note Rate
Note # of Scheduled % of Weighted
Rate Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<s> <c> <c> <c> <c> <c> <c>
6.749% or less 9 49,047,846.08 5.17 115 6.6197 1.367202
6.750% to 6.999% 17 129,060,790.49 13.61 103 6.8962 1.387009
7.000% to 7.249% 28 205,915,214.26 21.71 109 7.1188 1.313870
7.250% to 7.499% 48 322,469,059.51 34.00 108 7.3385 1.303393
7.500% to 7.749% 31 136,188,046.63 14.36 112 7.5982 1.342425
7.500% to 7.999% 13 63,383,303.65 6.68 172 7.8754 1.312755
8.000% to 8.249% 3 25,236,434.95 2.66 59 8.2192 1.422931
8.250% or greater 7 17,235,073.22 1.82 107 8.6146 1.356205
Totals 156 948,535,768.79 100.00 111 7.3132 1.330714
Seasoning
# of Scheduled % of Weighted
Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<s> <c> <c> <c> <c> <c> <c>
12 months or less 138 885,931,251.18 93.40 112 7.2817 1.332477
13 to 24 months 5 41,130,795.03 4.34 105 7.4508 1.276353
25 to 36 months 4 14,525,681.37 1.53 103 8.6171 1.342910
37 to 48 months 9 6,948,041.21 0.73 97 7.7970 1.402142
49 months and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 156 948,535,768.79 100.00 111 7.3132 1.330714
Anticipated Remaining Term (ARD and Balloon Loans)
Anticipated # of Scheduled % of Weighted
Remaining Term(2) Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<s> <c> <c> <c> <c> <c> <c>
60 months or less 8 89,034,611.91 9.39 55 7.4003 1.304173
61 to 84 months 6 5,272,119.18 0.56 76 7.7615 1.367869
85 to 108 months 21 125,644,177.10 13.25 97 7.4872 1.322972
109 to 120 months 113 691,414,649.63 72.89 115 7.2330 1.332917
121 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 148 911,365,557.82 96.08 107 7.2875 1.328940
Remaining Stated Term (Fully Amortizing Loans)
Remaining # of Scheduled % of Weighted
Stated Term Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<s> <c> <c> <c> <c> <c> <c>
120 months or less 0 0.00 0.00 0 0.0000 0.000000
120 to 192 months 2 978,444.68 0.10 138 7.5582 1.310419
193 to 264 months 6 36,191,766.29 3.82 229 7.9558 1.375922
265 to 336 months 0 0.00 0.00 0 0.0000 0.000000
337 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 8 37,170,210.97 3.92 227 7.9453 1.374198
Remaining Amortization Term (ARD and Balloon Loans)
Remaining # of Scheduled % of Weighted
Amortization Term Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<s> <c> <c> <c> <c> <c> <c>
120 months or less 0 0.00 0.00 0 0.0000 0.000000
120 to 192 months 3 6,622,244.21 0.70 96 7.2920 1.485855
193 to 264 months 7 14,253,913.34 1.50 105 7.6121 1.629002
265 to 336 months 29 151,673,850.79 15.99 98 7.5096 1.359189
337 months or greater 109 738,815,549.48 77.89 109 7.2356 1.315535
Totals 148 911,365,557.82 96.08 107 7.2875 1.328940
Age of Most Recent NOI
Age of Most # of Scheduled % of Weighted
Recent NOI Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<s> <c> <c> <c> <c> <c> <c>
Underwriter's Information 156 948,535,768.79 100.00 111 7.3132 1.330714
1 year or less 0 0.00 0.00 0 0.0000 0.000000
1 to 2 years 0 0.00 0.00 0 0.0000 0.000000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 156 948,535,768.79 100.00 111 7.3132 1.330714
<FN>
(1)The Trustee makes no representations as to the accuracy of the data provided
by the borrower for this calculation. "NAP" means not applicable and relates to
the omission of credit lease loans in the calculation of DSCR.
(2)Anticipated Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
(3)Data in this table was calculated by allocating pro-rata the current loan
information to the properties based upon the Cut-off Date Balance of the related
mortgage loan as disclosed in the offering document.
</FN>
Mortgage Loan Detail
Loan Property Interest Principal Gross
Number ODCR Type(1) City State Payment Payment Coupon
<s> <c> <c> <c> <c> <c> <c> <c>
502727207 1 OF Jacksonville FL 172,428.21 22,378.80 7.270%
502723005 2 MF Rancho Cordova CA 155,475.00 0.00 6.910%
502715310 3 MF Ft. Lauderdale FL 156,525.27 19,510.01 7.370%
546000004 4 OF Hartford CT 154,416.13 17,448.07 8.240%
546000005 5 RT Altamonte Springs FL 123,366.16 16,702.57 7.365%
502722104 6 RT Colorado Springs CO 113,616.15 15,225.01 7.190%
502716604 7 MF New York NY 104,631.07 15,002.52 6.990%
502719801 8 RT South Portland ME 107,002.02 13,687.28 7.360%
546000009 9 MF Bradford MA 109,182.43 12,836.78 7.630%
546000010 10 IN Antioch TN 103,204.39 28,464.06 7.940%
546000011 11 RT Florence AL 90,508.44 12,544.98 7.090%
546000012 12 MU Glendale AZ 92,477.34 12,376.66 7.400%
546000013 13 MH Mesa AZ 76,679.61 10,772.22 7.110%
502719202 14 IN San Antonio TX 76,261.11 10,030.98 7.210%
546000015 15 OF San Diego CA 76,449.18 13,335.55 7.250%
502721404 16 RT Oklahoma City OK 74,518.66 9,259.30 7.400%
546000017 17 RT Pinole CA 70,621.76 10,022.08 7.100%
546000018 18 MF Houston TX 68,439.96 9,470.86 7.060%
546000019 19 LO Fresno CA 81,474.23 13,591.44 8.670%
502721401 20 MF Washington DC 63,834.10 8,699.51 7.140%
546000021 21 MF Scranton PA 62,196.44 0.00 7.012%
502723605 22 OF Long Beach CA 60,728.25 12,275.24 7.250%
502724302 23 MF Fremont CA 54,912.28 8,953.60 6.600%
502718702 24 LO Baton Rouge LA 62,286.55 18,272.77 7.500%
502718803 25 RT Hemet CA 60,091.55 6,985.55 7.600%
502715021 26 RT Upland CA 56,612.52 7,512.05 7.250%
546000027 27 IN Rochester Hills MI 61,327.66 16,914.35 7.940%
502722702 28 RT Elk Grove CA 56,571.65 7,039.53 7.375%
502716504 29 RT Perris CA 54,933.24 11,268.92 7.200%
546000030 30 MF Dallas TX 54,815.75 7,130.47 7.340%
546000031 31 MH Borrego Springs CA 54,032.85 6,871.90 7.310%
502730405 32 MF Salt Lake City UT 49,300.00 0.00 6.800%
546000033 33 MF Fayetteville NC 47,455.55 7,753.43 6.650%
546000034 34 RT Thousand Oaks CA 47,263.48 7,386.38 6.780%
546000035 35 RT San Diego CA 52,226.33 6,081.55 7.610%
546000036 36 OF San Diego CA 50,057.55 6,135.77 7.420%
546000037 37 OF Culver City CA 52,338.85 5,583.44 7.860%
502727906 38 RT Fuquay-Varina NC 45,864.94 6,769.57 6.890%
546000039 39 OF West Palm Beach FL 48,018.60 6,447.02 7.230%
502712503 40 RT Wantagh NY 45,721.79 10,013.01 6.980%
546000041 41 OF Washington DC 49,799.16 5,893.70 7.610%
502723516 42 MF Vallejo CA 41,304.96 6,972.40 6.500%
502715016 43 OF Bakersfield CA 45,771.83 6,073.57 7.250%
546000044 44 RT Encino CA 47,225.28 5,524.29 7.560%
546000045 45 IN Gastonia NC 48,970.60 13,506.24 7.940%
502715006 46 RT Santa Maria CA 42,760.52 5,674.00 7.250%
502723705 47 SS Columbia MD 42,892.06 8,201.56 7.360%
546000048 48 RT Midland MI 40,955.10 5,647.97 7.150%
502716702 49 MF Temple Terrace FL 41,663.05 5,302.86 7.375%
546000050 50 OF Las Vegas NV 41,189.37 5,407.79 7.400%
502704801 51 RT Fairfield CA 39,686.80 5,202.61 7.220%
546000052 52 OF Springfield MO 36,970.31 5,837.16 6.750%
546000053 53 MF Houston TX 38,657.21 5,449.25 7.120%
546000054 54 RT Orange CA 41,545.13 4,797.28 7.700%
546000055 55 MF West Valley City UT 39,824.72 7,931.28 7.455%
546000056 56 OF Escondido CA 38,273.38 4,917.59 7.300%
546000057 57 MU Reno NV 38,435.49 4,741.01 7.500%
546000058 58 MF Fullerton CA 36,467.70 4,986.75 7.130%
546000059 59 RT Tucson AZ 35,927.32 5,167.49 7.040%
546000060 60 OF Tucson AZ 34,623.98 5,221.33 6.900%
502729303 61 RT Boca Raton FL 34,978.12 4,940.03 7.000%
502720817 62 OF Boca Raton FL 32,917.06 7,772.24 6.730%
546000063 63 MF Tucson AZ 33,021.29 4,862.68 6.990%
502726905 64 RT Manchester CT 33,858.12 4,552.43 7.180%
546000065 65 MF Deerfield Beach FL 32,660.34 7,303.73 6.950%
546000066 66 RT Lake Oswego OR 35,816.03 4,021.58 7.770%
502719210 67 IN Maple Grove MN 34,127.30 4,141.37 7.450%
546000068 68 MF San Jose CA 32,109.14 4,519.45 7.010%
502609501 69 RT Des Moines IA 34,169.18 4,124.78 7.550%
546000070 70 RT Ft. Collins CO 34,996.47 3,903.89 7.790%
546000071 71 MF Olympia WA 32,353.69 4,131.96 7.380%
502703301 72 MF San Antonio TX 29,496.22 4,413.44 6.850%
546000073 73 RT Tucson AZ 31,506.28 3,944.36 7.440%
502715018 74 RT Oxnard CA 30,113.04 3,995.77 7.250%
546000075 75 MH Melbourne FL 28,131.20 4,238.08 6.830%
546000076 76 MH Solvang CA 29,984.42 3,813.43 7.310%
546000077 77 OF Rancho Santa Marg CA 28,042.56 4,228.85 6.900%
502715007 78 OF Palm Springs CA 29,209.65 3,875.90 7.250%
502727003 79 MF Redlands CA 25,957.55 4,381.72 6.500%
546000080 80 MF Fallbrook CA 27,842.91 3,958.55 7.000%
546000081 81 MH Punta Gorda FL 28,692.97 3,624.74 7.330%
546000082 82 RT Phoenix AZ 29,114.86 5,414.50 7.500%
502709307 83 RT Richmond VA 29,365.61 3,335.42 7.670%
502728301 84 RT Alpharetta GA 26,834.02 3,589.69 7.160%
546000085 85 OF Colorado Springs CO 25,770.53 3,866.48 6.900%
546000086 86 MF Brookline MA 25,129.34 4,027.67 6.740%
502718703 87 RT Waynesboro PA 26,980.70 5,401.05 7.250%
546000088 88 OF Las Vegas NV 27,244.91 3,520.52 7.360%
502723711 89 RT Burbank CA 27,789.73 3,134.07 7.670%
546000090 90 OF Washington DC 27,146.08 5,027.35 7.570%
546000091 91 IN Various TX 25,038.39 3,498.00 7.162%
502717203 92 OF La Mirada CA 25,103.01 5,074.18 7.250%
546000093 93 MF Rochester MN 24,096.46 5,261.36 7.010%
502728206 94 RT Delray Beach FL 23,759.67 3,321.33 7.050%
546000095 95 MF Sacramento CA 22,274.02 5,452.68 6.650%
546000096 96 OF West Palm Beach FL 24,524.46 3,026.98 7.587%
502723703 97 IN Las Vegas NV 23,813.79 2,852.38 7.510%
546000098 98 RT Canoga Park CA 20,545.98 3,182.97 6.840%
546000099 99 IN North Las Vegas NV 22,272.80 2,875.44 7.420%
502724011 100 MF Bremerton WA 21,331.92 2,921.95 7.125%
502712803 101 RT Phoenix AZ 21,463.49 4,287.71 7.290%
546000102 102 IN Beltsville MD 20,992.37 2,664.63 7.450%
502706207 103 MF Worcester MA 21,462.13 2,602.86 7.625%
502724101 104 IN Warwick RI 21,112.98 3,787.53 7.680%
546000105 105 RT Council Bluffs IA 20,385.62 2,420.59 7.600%
502715017 106 OF Orange CA 19,240.63 3,889.19 7.250%
546000107 107 RT Parker CO 20,229.41 2,519.14 7.670%
502719209 108 IN Pembroke Pines FL 18,238.24 3,600.83 7.330%
502717406 109 RT Branson MO 18,088.12 9,382.39 7.300%
502711704 110 RT Chicago IL 18,713.87 2,104.57 7.700%
502721201 111 RT Chaska MN 17,317.50 3,320.38 7.430%
546000112 112 RT Prescott AZ 17,922.02 1,999.22 7.790%
546000113 113 RT Bremerton WA 16,288.95 2,041.05 7.390%
546000114 114 MF Seattle WA 15,165.49 2,123.49 7.060%
502725602 115 RT Memphis TN 16,283.87 1,747.52 7.820%
546000116 116 MF Seneca SC 14,445.82 2,053.34 7.060%
502719301 117 MF Natchez MS 14,627.58 1,993.61 7.170%
546000118 118 MU Las Vegas NV 15,466.41 1,730.84 7.765%
546000119 119 RT Sugar Land TX 15,127.62 1,818.17 7.600%
546000120 120 MF Sacramento CA 13,027.15 2,139.27 6.650%
546000121 121 OF Boca Raton FL 14,834.35 1,682.03 7.725%
546000122 122 MH Hemet CA 12,880.77 7,317.72 6.980%
546000123 123 RT Lynchburg VA 13,578.89 1,722.71 7.400%
546000124 124 IN Pasadena CA 13,267.12 1,722.80 7.330%
502717409 125 RT Stockbridge GA 13,512.34 3,009.81 7.500%
546000126 126 OF Corvallis OR 14,777.37 4,606.49 8.400%
546000127 127 MU San Francisco CA 13,515.54 2,318.81 7.730%
546000128 128 MF Tacoma WA 11,822.72 1,835.12 6.800%
546000129 129 RT Pasadena CA 13,410.76 1,334.31 8.050%
502724001 130 MF Boca Raton FL 11,652.76 2,045.77 7.020%
546000131 131 RT Henderson NV 12,179.55 1,437.55 7.603%
546000132 132 MF Phoenix AZ 12,319.72 1,400.62 7.860%
546000133 133 MU Redmond WA 11,734.95 1,410.29 7.500%
502701103 134 MF Ontario CA 10,790.96 2,130.49 7.330%
546000135 135 OF Tampa FL 10,530.60 1,321.14 7.470%
502707204 136 MH Waxahachie TX 10,117.73 1,270.88 7.430%
546000137 137 IN Various WA 9,400.91 4,529.54 7.750%
546000138 138 MF Carmichael CA 7,857.65 1,290.35 6.650%
546000139 139 MF Puyallup WA 8,513.58 1,101.86 7.340%
546000140 140 MF Tacoma WA 8,379.51 1,084.50 7.340%
546000141 141 MF Ontario CA 7,447.28 1,470.34 7.330%
546000142 142 RT Arlington TX 7,217.82 2,308.82 7.330%
546000143 143 RT League City TX 7,233.56 1,751.75 7.650%
546000144 144 IN Orlando FL 6,749.53 866.65 7.400%
546000145 145 RT Westwood KS 7,199.23 1,140.12 8.450%
546000146 146 MF Fargo ND 6,287.96 772.79 7.600%
502686901 147 IN Lakewood NJ 7,354.72 968.87 8.900%
546000148 148 RT West Valley City UT 5,161.07 1,039.99 8.050%
546000149 149 IN Del Mar CA 4,893.32 1,567.97 8.400%
546000150 150 OF Fresno CA 4,671.32 523.10 8.350%
546000151 151 RT Methuen MA 4,331.39 986.78 7.900%
546000152 152 MU Las Vegas NV 4,161.77 974.47 7.750%
546000153 153 MU Renton WA 3,881.31 1,596.73 7.500%
546000154 154 RT St. Louis MO 3,759.70 2,729.39 7.500%
546000155 155 MU Roslyn Village NY 3,525.84 1,008.86 8.700%
546000156 156 RT Bellaire TX 2,431.13 1,732.10 7.650%
Totals 5,785,914.84 846,980.21
Loan Anticipated Neg Beginning Ending Paid
Number Repayment Maturity Amort Scheduled Scheduled Thru
Date Date (Y/N) Balance Balance Date
<s> <c> <c> <c> <c> <c> <c>
502727207 N/A 04/01/2012 N 28,461,327.77 28,438,948.97 07/01/2002
502723005 N/A 03/01/2007 N 27,000,000.00 27,000,000.00 07/01/2002
502715310 N/A 05/01/2012 N 25,485,797.64 25,466,287.63 06/01/2002
546000004 N/A 12/01/2006 N 22,487,785.80 22,470,337.73 07/01/2002
546000005 N/A 04/01/2011 N 20,100,392.07 20,083,689.50 07/01/2002
502722104 N/A 03/01/2012 N 18,962,361.17 18,947,136.16 07/01/2002
502716604 N/A 03/01/2012 N 17,962,416.14 17,947,413.62 07/01/2002
502719801 N/A 02/01/2012 N 17,445,980.95 17,432,293.67 07/01/2002
546000009 N/A 01/01/2012 N 17,171,548.10 17,158,711.32 07/01/2002
546000010 N/A 10/11/2021 N 15,597,640.07 15,569,176.01 06/11/2002
546000011 N/A 03/11/2012 N 15,318,776.70 15,306,231.72 07/11/2002
546000012 N/A 04/01/2011 N 14,996,326.17 14,983,949.51 07/01/2002
546000013 N/A 12/01/2011 N 12,941,705.61 12,930,933.39 07/01/2002
502719202 N/A 05/01/2007 N 12,692,557.27 12,682,526.29 07/01/2002
546000015 N/A 10/11/2011 N 12,653,657.13 12,640,321.58 06/11/2002
502721404 N/A 04/01/2012 N 12,084,106.26 12,074,846.96 07/01/2002
546000017 N/A 11/01/2011 N 11,936,072.78 11,926,050.70 07/01/2002
546000018 N/A 05/11/2012 N 11,632,853.91 11,623,383.05 07/11/2002
546000019 N/A 09/01/2009 N 11,276,709.35 11,263,117.91 07/01/2002
502721401 N/A 03/01/2012 N 10,728,420.00 10,719,720.49 07/01/2002
546000021 N/A 12/01/2011 N 10,644,000.00 10,644,000.00 07/01/2002
502723605 N/A 12/01/2009 N 10,051,572.75 10,039,297.51 07/01/2002
502724302 N/A 04/01/2012 N 9,984,051.19 9,975,097.59 07/01/2002
502718702 N/A 04/01/2012 N 9,965,848.06 9,947,575.29 07/01/2002
502718803 N/A 04/01/2012 N 9,488,139.47 9,481,153.92 07/01/2002
502715021 N/A 12/01/2009 N 9,370,348.29 9,362,836.24 07/01/2002
546000027 N/A 10/11/2021 N 9,268,664.17 9,251,749.82 06/11/2002
502722702 N/A 05/01/2012 N 9,204,878.72 9,197,839.19 07/01/2002
502716504 N/A 02/01/2012 N 9,155,539.22 9,144,270.30 07/01/2002
546000030 N/A 12/11/2006 N 8,961,703.78 8,954,573.31 07/11/2002
546000031 N/A 05/01/2012 N 8,869,960.91 8,863,089.01 07/01/2002
502730405 N/A 04/01/2012 N 8,700,000.00 8,700,000.00 07/01/2002
546000033 N/A 01/01/2012 N 8,563,408.14 8,555,654.71 06/01/2002
546000034 N/A 01/01/2012 N 8,365,217.86 8,357,831.48 07/01/2002
546000035 N/A 03/11/2012 N 8,235,426.37 8,229,344.82 07/11/2002
546000036 N/A 05/11/2012 N 8,095,561.18 8,089,425.41 07/11/2002
546000037 N/A 04/01/2012 N 7,990,664.71 7,985,081.27 07/01/2002
502727906 N/A 04/01/2012 N 7,988,089.00 7,981,319.43 07/01/2002
546000039 N/A 01/01/2012 N 7,969,892.79 7,963,445.77 07/01/2002
502712503 N/A 02/01/2012 N 7,860,480.26 7,850,467.25 06/01/2002
546000041 N/A 01/11/2012 N 7,852,692.16 7,846,798.46 06/11/2002
502723516 N/A 04/01/2012 N 7,625,530.72 7,618,558.32 07/01/2002
502715016 N/A 12/01/2009 N 7,576,026.27 7,569,952.70 07/01/2002
546000044 N/A 05/11/2012 N 7,496,075.43 7,490,551.14 07/11/2002
546000045 N/A 10/11/2021 N 7,401,097.49 7,387,591.25 06/11/2002
502715006 N/A 12/01/2009 N 7,077,603.48 7,071,929.48 07/01/2002
502723705 N/A 05/01/2012 N 6,993,270.82 6,985,069.26 06/01/2002
546000048 N/A 01/01/2012 N 6,873,583.29 6,867,935.32 07/01/2002
502716702 N/A 02/01/2012 N 6,779,071.79 6,773,768.93 06/01/2002
546000050 N/A 07/01/2011 N 6,679,357.89 6,673,950.10 07/01/2002
502704801 N/A 05/01/2012 N 6,596,144.26 6,590,941.65 07/01/2002
546000052 N/A 01/01/2012 N 6,572,498.75 6,566,661.59 06/01/2002
546000053 N/A 11/01/2011 N 6,515,260.26 6,509,811.01 07/01/2002
546000054 N/A 12/01/2011 N 6,474,565.86 6,469,768.58 07/01/2002
546000055 N/A 07/01/2011 N 6,410,418.48 6,402,487.20 06/01/2002
546000056 N/A 04/01/2012 N 6,291,514.97 6,286,597.38 07/01/2002
546000057 N/A 12/01/2011 N 6,149,678.58 6,144,937.57 07/01/2002
546000058 N/A 03/11/2012 N 6,137,621.55 6,132,634.80 07/11/2002
546000059 N/A 12/01/2011 N 6,123,974.25 6,118,806.76 07/01/2002
546000060 N/A 12/01/2011 N 6,021,561.13 6,016,339.80 07/01/2002
502729303 N/A 05/01/2012 N 5,996,248.52 5,991,308.49 07/01/2002
502720817 N/A 02/01/2012 N 5,869,311.50 5,861,539.26 07/01/2002
546000063 N/A 11/01/2011 N 5,668,890.71 5,664,028.03 07/01/2002
502726905 N/A 03/01/2012 N 5,658,737.89 5,654,185.46 07/01/2002
546000065 N/A 12/11/2011 N 5,639,194.80 5,631,891.07 06/11/2002
546000066 N/A 01/01/2012 N 5,531,432.69 5,527,411.11 07/01/2002
502719210 N/A 05/01/2012 N 5,497,015.36 5,492,873.99 07/01/2002
546000068 N/A 05/01/2012 N 5,496,571.55 5,492,052.10 07/01/2002
502609501 N/A 01/01/2012 N 5,430,863.50 5,426,738.72 07/01/2002
546000070 N/A 01/01/2012 N 5,390,984.31 5,387,080.42 07/01/2002
546000071 N/A 01/01/2012 N 5,260,761.83 5,256,629.87 07/01/2002
502703301 N/A 04/01/2012 N 5,167,220.85 5,162,807.41 07/01/2002
546000073 N/A 01/01/2012 N 5,081,658.01 5,077,713.65 07/01/2002
502715018 N/A 12/01/2009 N 4,984,227.82 4,980,232.05 07/01/2002
546000075 N/A 04/11/2012 N 4,942,523.40 4,938,285.32 07/11/2002
546000076 N/A 05/01/2012 N 4,922,203.66 4,918,390.23 07/01/2002
546000077 N/A 12/11/2011 N 4,876,966.88 4,872,738.03 06/11/2002
502715007 N/A 12/01/2009 N 4,834,700.97 4,830,825.07 07/01/2002
502727003 N/A 04/01/2012 N 4,792,163.84 4,787,782.12 07/01/2002
546000080 N/A 04/01/2007 N 4,773,069.57 4,769,111.02 07/01/2002
546000081 N/A 05/11/2007 N 4,697,348.43 4,693,723.69 07/11/2002
546000082 N/A 03/11/2012 N 4,658,378.27 4,652,963.77 06/11/2002
502709307 N/A 04/01/2012 N 4,594,359.54 4,591,024.12 07/01/2002
502728301 N/A 05/01/2012 N 4,497,321.29 4,493,731.60 07/01/2002
546000085 N/A 01/01/2012 N 4,481,831.51 4,477,965.03 06/01/2002
546000086 N/A 11/01/2011 N 4,474,067.21 4,470,039.54 07/01/2002
502718703 N/A 03/01/2012 N 4,465,771.63 4,460,370.58 07/01/2002
546000088 N/A 12/01/2011 N 4,442,104.93 4,438,584.41 07/01/2002
502723711 N/A 05/01/2007 N 4,347,806.74 4,344,672.67 07/01/2002
546000090 N/A 01/01/2012 N 4,303,209.22 4,298,181.87 07/01/2002
546000091 N/A 10/01/2011 N 4,195,206.86 4,191,708.86 07/01/2002
502717203 N/A 12/01/2009 N 4,154,981.78 4,149,907.60 07/01/2002
546000093 N/A 01/01/2007 N 4,124,928.56 4,119,667.20 07/01/2002
502728206 N/A 04/01/2012 N 4,044,198.67 4,040,877.34 07/01/2002
546000095 N/A 12/01/2011 N 4,019,371.93 4,013,919.25 07/01/2002
546000096 N/A 07/01/2011 N 3,878,917.96 3,875,890.98 07/01/2002
502723703 N/A 04/01/2012 N 3,805,132.72 3,802,280.34 07/01/2002
546000098 N/A 11/01/2011 N 3,604,557.26 3,601,374.29 07/01/2002
546000099 N/A 09/01/2011 N 3,602,070.60 3,599,195.16 07/01/2002
502724011 N/A 03/01/2012 N 3,592,744.50 3,589,822.55 07/01/2002
502712803 N/A 02/01/2012 N 3,533,085.58 3,528,797.87 07/01/2002
546000102 N/A 10/01/2011 N 3,381,321.37 3,378,656.74 07/01/2002
502706207 N/A 08/01/2011 N 3,377,647.14 3,375,044.28 07/01/2002
502724101 N/A 01/10/2012 N 3,298,902.46 3,295,114.93 07/10/2002
546000105 N/A 01/01/2012 N 3,218,782.01 3,216,361.42 07/01/2002
502715017 N/A 12/01/2009 N 3,184,656.71 3,180,767.52 07/01/2002
546000107 N/A 02/01/2011 N 3,164,966.31 3,162,447.17 07/01/2002
502719209 N/A 02/01/2012 N 2,985,796.10 2,982,195.27 07/01/2002
502717406 N/A 03/01/2010 N 2,973,390.32 2,964,007.93 07/01/2002
502711704 N/A 04/01/2012 N 2,916,447.21 2,914,342.64 07/01/2002
502721201 N/A 02/01/2012 N 2,796,904.44 2,793,584.06 07/01/2002
546000112 N/A 01/01/2012 N 2,760,774.01 2,758,774.79 07/01/2002
546000113 N/A 03/01/2012 N 2,645,025.51 2,642,984.46 07/01/2002
546000114 N/A 03/01/2012 N 2,577,704.37 2,575,580.88 07/01/2002
502725602 N/A 05/01/2012 N 2,498,803.33 2,497,055.81 07/01/2002
546000116 N/A 01/01/2012 N 2,455,379.67 2,453,326.33 07/01/2002
502719301 N/A 02/01/2012 N 2,448,129.94 2,446,136.33 07/01/2002
546000118 N/A 02/01/2012 N 2,390,172.29 2,388,441.45 07/01/2002
546000119 N/A 11/01/2011 N 2,388,571.58 2,386,753.41 07/01/2002
546000120 N/A 12/01/2011 N 2,350,763.86 2,348,624.59 06/01/2002
546000121 N/A 02/01/2012 N 2,304,364.52 2,302,682.49 07/01/2002
546000122 N/A 01/11/2012 N 2,214,459.49 2,207,141.77 07/11/2002
546000123 N/A 01/01/2012 N 2,201,982.47 2,200,259.76 07/01/2002
546000124 N/A 01/01/2012 N 2,171,970.61 2,170,247.81 06/01/2002
502717409 N/A 03/01/2012 N 2,161,974.13 2,158,964.32 07/01/2002
546000126 N/A 08/01/2019 N 2,111,052.81 2,106,446.32 06/01/2002
546000127 N/A 05/01/2012 N 2,098,144.07 2,095,825.26 07/01/2002
546000128 N/A 01/01/2012 N 2,086,361.49 2,084,526.37 07/01/2002
546000129 N/A 05/01/2012 N 1,999,118.82 1,997,784.51 07/01/2002
502724001 N/A 02/01/2012 N 1,991,924.46 1,989,878.69 07/01/2002
546000131 N/A 02/01/2012 N 1,922,328.19 1,920,890.64 07/01/2002
546000132 N/A 06/01/2011 N 1,880,873.16 1,879,472.54 07/01/2002
546000133 N/A 04/01/2012 N 1,877,592.18 1,876,181.89 07/01/2002
502701103 N/A 02/01/2012 N 1,766,596.02 1,764,465.53 07/01/2002
546000135 N/A 11/01/2011 N 1,691,662.28 1,690,341.14 07/01/2002
502707204 N/A 01/01/2012 N 1,634,088.97 1,632,818.09 07/01/2002
546000137 N/A 11/01/2008 N 1,455,624.05 1,451,094.51 07/01/2002
546000138 N/A 12/01/2011 N 1,417,921.05 1,416,630.70 07/01/2002
546000139 N/A 01/01/2012 N 1,391,865.63 1,390,763.77 07/01/2002
546000140 N/A 01/01/2012 N 1,369,946.51 1,368,862.01 07/01/2002
546000141 N/A 02/01/2012 N 1,219,200.08 1,217,729.74 07/01/2002
546000142 N/A 03/01/2022 N 1,181,634.36 1,179,325.54 07/01/2002
546000143 N/A 08/01/2008 N 1,134,676.21 1,132,924.46 07/01/2002
546000144 N/A 11/01/2011 N 1,094,519.08 1,093,652.43 07/01/2002
546000145 N/A 12/01/2010 N 1,022,376.43 1,021,236.31 07/01/2002
546000146 N/A 07/01/2011 N 992,835.43 992,062.64 07/01/2002
502686901 N/A 08/01/2011 N 991,647.06 990,678.19 07/01/2002
546000148 N/A 06/01/2009 N 769,352.70 768,312.71 07/01/2002
546000149 N/A 05/01/2019 N 699,045.32 697,477.35 07/01/2002
546000150 N/A 08/01/2009 N 671,326.86 670,803.76 06/01/2002
546000151 N/A 07/01/2008 N 657,932.30 656,945.52 07/01/2002
546000152 N/A 09/01/2008 N 644,403.62 643,429.15 07/01/2002
546000153 N/A 10/01/2008 N 621,009.56 619,412.83 07/01/2002
546000154 N/A 01/01/2014 N 601,552.49 598,823.10 07/01/2002
546000155 N/A 08/01/2009 N 486,322.24 485,313.38 06/01/2002
546000156 N/A 12/01/2013 N 381,353.68 379,621.58 07/01/2002
Totals 949,382,749.00 948,535,768.79
Appraisal Appraisal Res Mod
Loan Number Reduction Reduction Strat. Code
Date Amount (2) (3)
Totals 0.00
<FN>
(1) Property Type Code
SS- Self Storage
MF- Multi-Family
RT- Retail
HC- Health Care
IN- Industrial
WH- Warehouse
MH- Mobile Home Park
OF- Office
LO- Lodging
MU- Mixed Use
OT- Other
IW- Industrial/Warehouse
(2) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Servicer
10- Deed In Lieu of Foreclosure
11- Full Payoff
12- Reps and Warranties
13- Other or TBD
(3) Modification Code
1- Maturity Date Extension
2- Amortization Change
3- Principal Write-Off
4- Combination
</FN>
Principal Prepayment Detail
No Principal Prepayments this Period
Historical Detail
Delinquencies
Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure REO Modifications
Date # Balance # Balance # Balance # Balance # Balance # Balance
07/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
06/17/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
Prepayments
Distribution Curtailments Payoff
Date # Amount # Amount
07/15/2002 0 $0.00 0 $0.00
06/17/2002 0 $0.00 0 $0.00
Rate and Maturities
Distribution Next Weighted Avg. WAM
Date Coupon Remit
07/15/2002 7.313237% 7.253782% 111
06/17/2002 7.313276% 7.253821% 112
<FN>
Note: Foreclosure and REO Totals are excluded from the delinquencies aging
categories.
</FN>
Delinquency Loan Detail
Offering # of Paid Current Outstanding Status of
Loan Number Document Months Through P & I P & I Mortgage
Cross-Reference Delinq. Date Advances Advances** Loan(1)
<s> <c> <c> <c> <c> <c> <c>
502715310 3 0 06/01/2002 174,973.38 174,973.38 B
546000010 10 0 06/11/2002 131,018.55 131,018.55 A
546000015 15 0 06/11/2002 89,257.50 89,257.50 A
546000027 27 0 06/11/2002 77,855.81 77,855.81 A
546000033 33 0 06/01/2002 54,602.41 54,602.41 B
502712503 40 0 06/01/2002 55,407.28 55,407.28 B
546000041 41 0 06/11/2002 55,365.66 55,365.66 A
546000045 45 0 06/11/2002 62,168.46 62,168.46 A
502723705 47 0 06/01/2002 50,802.24 50,802.24 B
502716702 49 0 06/01/2002 46,683.45 46,683.45 B
546000052 52 0 06/01/2002 42,533.61 42,533.61 B
546000055 55 0 06/01/2002 47,488.90 47,488.90 B
546000065 65 0 06/11/2002 39,729.11 39,729.11 A
546000077 77 0 06/11/2002 32,068.20 32,068.20 A
546000082 82 0 06/11/2002 34,335.26 34,335.26 A
546000085 85 0 06/01/2002 29,450.27 29,450.27 B
546000120 120 0 06/01/2002 15,068.48 15,068.48 B
546000124 124 0 06/01/2002 14,899.42 14,899.42 B
546000126 126 0 06/01/2002 19,295.90 19,295.90 B
546000150 150 0 06/01/2002 5,166.44 5,166.44 B
546000155 155 0 06/01/2002 4,514.44 4,514.44 B
Totals 21 1,082,684.77 1,082,684.77
Resolution Actual Outstanding
Loan Number Strategy Servicing Foreclosure Principal Servicing Bankruptcy REO
Code(2) Transfer Date Date Balance Advances Date Date
<s> <c> <c> <c> <c> <c> <c> <c>
502715310 25,485,797.64 0.00
546000010 15,597,640.07 0.00
546000015 12,653,657.13 0.00
546000027 9,268,664.17 0.00
546000033 8,563,408.14 0.00
502712503 7,860,480.26 0.00
546000041 7,852,692.16 0.00
546000045 7,401,097.49 0.00
502723705 6,993,270.82 0.00
502716702 6,779,071.79 0.00
546000052 6,572,498.75 0.00
546000055 6,410,418.48 0.00
546000065 5,639,194.80 0.00
546000077 4,876,966.88 0.00
546000082 4,658,378.27 0.00
546000085 4,481,831.51 0.00
546000120 2,350,763.86 0.00
546000124 2,171,970.61 0.00
546000126 2,111,052.81 0.00
546000150 671,326.86 0.00
546000155 486,322.24 0.00
Totals 148,886,504.74 0.00
Current Outstanding Actual Outstanding
P & I P & I Principal Servicing
Advances Advances Balance Advances
Totals by Delinquency Code:
Total for Status Code = A (8 Loans) 521,798.55 521,798.55 67,948,290.97 0.00
Total for Status Code = B (13 Loans) 560,886.22 560,886.22 80,938,213.77 0.00
<FN>
(1) Status of Mortgage Loan
A- Payment Not Received But Still in Grace Period
B- Late Payment But Less Than 1 Month Delinquent
0- Current
1- One Month Delinquent
2- Two Months Delinquent
3- Three Or More Months Delinquent
4- Assumed Scheduled Payment (Performing Matured Balloon)
7- Foreclosure
9- REO
(2) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Servicer
10- Deed In Lieu Of Foreclosure
11- Full Payoff
12- Reps and Warranties
13- Other or TBD
**Outstanding P & I Advances include the current period advance.
</FN>
Specially Serviced Loan Detail - Part 1
No Specially Serviced Loans this Period
Specially Serviced Loan Detail - Part 2
No Specially Serviced Loans this Period
Modified Loan Detail
No Modified Loans
Liquidated Loan Detail
No Liquidated Loans