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 : March 17, 2003
(Date of earliest event reported)
Commission File No.: 333-83930-02
Wachovia Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2002-C2
(Exact name of registrant as specified in its charter)
(New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
52-2383394
52-2383395
(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 March 17, 2003 a distribution was made to holders of Wachovia
Commercial Mortgage Securities, Inc.,Commercial Mortgage Pass-Through
Certificates, Series 2002-C2.
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-C2, relating to the
March 17, 2003 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-C2
By: Wells Fargo Bank Minnesota, N.A., as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: March 17, 2003
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial Mortgage
Pass-Through Certificates, Series 2002-C2, relating to the
March 17, 2003 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-C2
For Additional Information, please contact
CTSLink Customer Service
(301) 815-6600
Reports Available on the World Wide Web
@ www.ctslink.com/cmbs
Payment Date: 03/17/2003
Record Date: 02/28/2003
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
Cash Reconciliation 6
Ratings Detail 7
Current Mortgage Loan and Property Stratification Tables 8 - 10
Mortgage Loan Detail 11 - 14
Principal Prepayment Detail 15
Historical Detail 16
Delinquency Loan Detail 17
Specially Serviced Loan Detail 18 - 19
Modified Loan Detail 20
Liquidated Loan Detail 21
Depositor
Wachovia Commercial Mortgage
Securities, Inc.
Charlotte, NC 28288-1016
Contact: Tim Steward
Phone Number: (704) 593-7822
Master Servicer
Wachovia Bank, National Association
8739 Research Drive
URP 4, NC1075
Charlotte, NC 28262
Contact: Timothy S.Ryan
Phone Number: (704) 593-7878
Special Servicer
Lend Lease Asset Management, LP
700 N. Pearl Street
Suite 1900
Dallas, TX 75201.7424
Contact: Michael O'Hanlon
Phone Number: (214) 999-7009
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 929766BH5 3.002000% 36,056,000.00 34,869,311.01 621,900.24
A-2 929766BJ1 4.043000% 80,000,000.00 79,236,088.35 400,338.11
A-3 929766CR2 4.440000% 88,219,000.00 88,219,000.00 0.00
A-4 929766CS0 4.980000% 471,716,000.00 471,716,000.00 0.00
B 929766BK8 5.126000% 32,815,000.00 32,815,000.00 0.00
C 929766BL6 5.215000% 10,939,000.00 10,939,000.00 0.00
D 929766BM4 5.274000% 28,439,000.00 28,439,000.00 0.00
E 929766BN2 5.373000% 8,751,000.00 8,751,000.00 0.00
F 929766BP7 5.719000% 10,938,000.00 10,938,000.00 0.00
G 929766BQ5 5.768000% 15,314,000.00 15,314,000.00 0.00
H 929766BR3 6.113000% 13,126,000.00 13,126,000.00 0.00
J 929766BS1 4.942000% 16,408,000.00 16,408,000.00 0.00
K 929766BT9 4.942000% 15,313,000.00 15,313,000.00 0.00
L 929766BU6 4.942000% 4,376,000.00 4,376,000.00 0.00
M 929766BV4 4.942000% 8,751,000.00 8,751,000.00 0.00
N 929766BW2 4.942000% 7,656,000.00 7,656,000.00 0.00
O 929766BX0 4.942000% 6,165,000.00 6,165,000.00 0.00
P 929766CP6 4.942000% 20,087,992.76 20,087,992.76 0.00
Z 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 875,069,992.76 873,119,392.12 1,022,238.35
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 929766BH5 87,231.39 0.00 0.00 709,131.63 34,247,410.77 22.83%
A-2 929766BJ1 266,959.59 0.00 0.00 667,297.70 78,835,750.24 22.83%
A-3 929766CR2 326,410.30 0.00 0.00 326,410.30 88,219,000.00 22.83%
A-4 929766CS0 1,957,621.40 0.00 0.00 1,957,621.40 471,716,000.00 22.83%
B 929766BK8 140,174.74 0.00 0.00 140,174.74 32,815,000.00 19.06%
C 929766BL6 47,539.07 0.00 0.00 47,539.07 10,939,000.00 17.81%
D 929766BM4 124,989.41 0.00 0.00 124,989.41 28,439,000.00 14.55%
E 929766BN2 39,182.60 0.00 0.00 39,182.60 8,751,000.00 13.55%
F 929766BP7 52,128.69 0.00 0.00 52,128.69 10,938,000.00 12.29%
G 929766BQ5 73,609.29 0.00 0.00 73,609.29 15,314,000.00 10.54%
H 929766BR3 66,866.03 0.00 0.00 66,866.03 13,126,000.00 9.03%
J 929766BS1 67,573.61 0.00 0.00 67,573.61 16,408,000.00 7.15%
K 929766BT9 63,064.04 0.00 0.00 63,064.04 15,313,000.00 5.39%
L 929766BU6 18,021.83 0.00 0.00 18,021.83 4,376,000.00 4.89%
M 929766BV4 36,039.54 0.00 0.00 36,039.54 8,751,000.00 3.89%
N 929766BW2 31,529.96 0.00 0.00 31,529.96 7,656,000.00 3.01%
O 929766BX0 25,389.53 0.00 0.00 25,389.53 6,165,000.00 2.30%
P 929766CP6 82,729.05 0.00 0.00 82,729.05 20,087,992.76 0.00%
Z 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 3,507,060.07 0.00 0.00 4,529,298.42 872,097,153.77
Original Beginning
Pass-Through Notional Notional
Class CUSIP Rate Amount Amount
<s> <c> <c> <c> <c>
IO-I 929766BY8 0.131695% 875,069,992.76 873,119,392.12
IO-II 929766BZ5 1.788744% 488,120,000.01 488,120,000.00
IO-III 929766CA9 1.368727% 336,495,000.00 336,495,000.00
Ending
Interest Prepayment Total Notional
Class CUSIP Distribution Penalties Distribution Amount
<s> <c> <c> <c> <c> <c>
IO-I 929766BY8 95,821.01 0.00 95,821.01 872,097,153.77
IO-II 929766BZ5 727,601.41 0.00 727,601.41 488,120,000.00
IO-III 929766CA9 383,808.25 0.00 383,808.25 336,495,000.00
<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 929766BH5 967.08761399 17.24817617 2.41933076 0.00000000 0.00000000 949.83943782
A-2 929766BJ1 990.45110437 5.00422637 3.33699488 0.00000000 0.00000000 985.44687800
A-3 929766CR2 1,000.00000000 0.00000000 3.70000000 0.00000000 0.00000000 1,000.00000000
A-4 929766CS0 1,000.00000000 0.00000000 4.15000000 0.00000000 0.00000000 1,000.00000000
B 929766BK8 1,000.00000000 0.00000000 4.27166662 0.00000000 0.00000000 1,000.00000000
C 929766BL6 1,000.00000000 0.00000000 4.34583326 0.00000000 0.00000000 1,000.00000000
D 929766BM4 1,000.00000000 0.00000000 4.39500018 0.00000000 0.00000000 1,000.00000000
E 929766BN2 1,000.00000000 0.00000000 4.47749971 0.00000000 0.00000000 1,000.00000000
F 929766BP7 1,000.00000000 0.00000000 4.76583379 0.00000000 0.00000000 1,000.00000000
G 929766BQ5 1,000.00000000 0.00000000 4.80666645 0.00000000 0.00000000 1,000.00000000
H 929766BR3 1,000.00000000 0.00000000 5.09416654 0.00000000 0.00000000 1,000.00000000
J 929766BS1 1,000.00000000 0.00000000 4.11833313 0.00000000 0.00000000 1,000.00000000
K 929766BT9 1,000.00000000 0.00000000 4.11833344 0.00000000 0.00000000 1,000.00000000
L 929766BU6 1,000.00000000 0.00000000 4.11833410 0.00000000 0.00000000 1,000.00000000
M 929766BV4 1,000.00000000 0.00000000 4.11833390 0.00000000 0.00000000 1,000.00000000
N 929766BW2 1,000.00000000 0.00000000 4.11833333 0.00000000 0.00000000 1,000.00000000
O 929766BX0 1,000.00000000 0.00000000 4.11833414 0.00000000 0.00000000 1,000.00000000
P 929766CP6 1,000.00000000 0.00000000 4.11833332 0.00000000 0.00000000 1,000.00000000
Z 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 929766BY8 997.77092043 0.10950097 0.00000000 996.60274148
IO-II 929766BZ5 999.99999998 1.49061995 0.00000000 999.99999998
IO-III 929766CA9 1,000.00000000 1.14060610 0.00000000 1,000.00000000
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 67,361.36
Servicing Advances Outstanding 0.00
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 30,765.94
Less Delinquent Servicing Fees 901.99
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 2,323.28
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 32,187.23
Certificate Interest Reconciliation
Class Accrued Net Aggregate Deferred Distributable Distributable Additional Interest Remaining Unpaid
Certificate Prepayment Interest Certificate Certificate Trust Fund Distribution Distributable
Interest Interest Shortfall Amount Interest Interest Expenses Certificate
Adjustment Interest
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 87,231.39 0.00 0.00 87,231.39 0.00 0.00 87,231.39 0.00
A-2 266,959.59 0.00 0.00 266,959.59 0.00 0.00 266,959.59 0.00
A-3 326,410.30 0.00 0.00 326,410.30 0.00 0.00 326,410.30 0.00
A-4 1,957,621.40 0.00 0.00 1,957,621.40 0.00 0.00 1,957,621.40 0.00
IO-I 95,821.01 0.00 0.00 95,821.01 0.00 0.00 95,821.01 0.00
IO-II 727,601.41 0.00 0.00 727,601.41 0.00 0.00 727,601.41 0.00
IO-III 383,808.25 0.00 0.00 383,808.25 0.00 0.00 383,808.25 0.00
B 140,174.74 0.00 0.00 140,174.74 0.00 0.00 140,174.74 0.00
C 47,539.07 0.00 0.00 47,539.07 0.00 0.00 47,539.07 0.00
D 124,989.41 0.00 0.00 124,989.41 0.00 0.00 124,989.41 0.00
E 39,182.60 0.00 0.00 39,182.60 0.00 0.00 39,182.60 0.00
F 52,128.69 0.00 0.00 52,128.69 0.00 0.00 52,128.69 0.00
G 73,609.29 0.00 0.00 73,609.29 0.00 0.00 73,609.29 0.00
H 66,866.03 0.00 0.00 66,866.03 0.00 0.00 66,866.03 0.00
J 67,573.61 0.00 0.00 67,573.61 0.00 0.00 67,573.61 0.00
K 63,064.04 0.00 0.00 63,064.04 0.00 0.00 63,064.04 0.00
L 18,021.83 0.00 0.00 18,021.83 0.00 0.00 18,021.83 0.00
M 36,039.54 0.00 0.00 36,039.54 0.00 0.00 36,039.54 0.00
N 31,529.96 0.00 0.00 31,529.96 0.00 0.00 31,529.96 0.00
O 25,389.53 0.00 0.00 25,389.53 0.00 0.00 25,389.53 0.00
P 82,729.05 0.00 0.00 82,729.05 0.00 0.00 82,729.05 0.00
Total 4,714,290.74 0.00 0.00 4,714,290.74 0.00 0.00 4,714,290.74 0.00
Other Required Information
<s> <c>
Available Distribution Amount (1) 5,736,529.09
Aggregate Number of Outstanding Loans 104
Aggregate Stated Principal Balance of Loans Before Distribution 873,119,392.12
Aggregate Stated Principal Balance of Loans After Distribution 872,097,153.77
Aggregate Unpaid Principal Balance of Loans 872,110,986.41
Aggregate Amount of Servicing Fee 32,187.23
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 2,037.28
Aggregate Trust Fund Expenses 0.00
Interest Reserve Deposit 0.00
Interest Reserve Withdrawal 316,781.90
Specially Serviced Loans not Delinquent
Number of Outstanding Loans 0
Aggregate Unpaid Principal Balance 0.00
(1) The Available Distribution Amount includes any Prepayment Premiums .
Appraisal Reduction Amount
Appraisal Cumulative Date Appraisal
Loan Reduction ASER Reduction
Number Amount Amount Effected
NONE
Cash Reconciliation Detail
<s> <c> <c>
Total Funds Collected
Interest:
Scheduled Interest 4,430,312.08
Interest reductions due to Nonrecoverability Determinations 0.00
Interest Adjustments 0.00
Deferred Interest 0.00
Net Prepayment Interest Shortfall 0.00
Net Prepayment Interest Excess 0.00
Extension Interest 0.00
Interest Reserve Withdrawal 0.00
Total Interest Collected 4,747,093.98
Principal:
Scheduled Principal 1,022,238.35
Unscheduled Principal 0.00
Principal Prepayments 0.00
Collection of Principal after Maturity Date 0.00
Recoveries from Liquidation and Insurance Proceeds 0.00
Excess of Prior Principal Amounts paid 0.00
Curtailments 0.00
Negative Amortization 0.00
Principal Adjustments 0.00
Total Principal Collected 1,022,238.35
Other:
Prepayment Penalties/Yield Maintenance 0.00
Repayment Fees 0.00
Borrower Option Extension Fees 0.00
Equity Payments Received 0.00
Net Swap Counterparty Payments Received 0.00
Total Other Collected: 0.00
Total Funds Collected 5,769,332.33
Total Funds Distributed
Fees:
Master Servicing Fee 30,765.94
Trustee Fee 2,037.28
Certificate Administration Fee 0.00
Insurer Fee 0.00
Miscellaneous Fee 0.00
Total Fees 32,803.22
Additional Trust Fund Expenses:
Reimbursement for Interest on Advances 0.00
ASER Amount 0.00
Special Servicing Fee 0.00
Rating Agency Expenses 0.00
Attorney Fees & Expenses 0.00
Bankruptcy Expense 0.00
Taxes Imposed on Trust Fund 0.00
Non-Recoverable Advances 0.00
Other Expenses 0.00
Total Additional Trust Fund Expenses 0.00
Interest Reserve Deposit 0.00
Payments to Certificateholders & Others:
Interest Distribution 4,714,290.74
Principal Distribution 1,022,238.35
Prepayment Penalties/Yield Maintenance 0.00
Borrower Option Extension Fees 0.00
Equity Payments Paid 0.00
Net Swap Counterparty Payments Paid 0.00
Total Payments to Certificateholders & Others 5,736,529.09
Total Funds Distributed 5,769,332.31
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 929766BH5 X Aaa AAA X Aaa AAA
A-2 929766BJ1 X Aaa AAA X Aaa AAA
A-3 929766CR2 X Aaa AAA X Aaa AAA
A-4 929766CS0 X Aaa AAA X Aaa AAA
IO-I 929766BY8 X Aaa AAA X Aaa AAA
IO-II 929766BZ5 X Aaa AAA X Aaa AAA
IO-III 929766CA9 X Aaa AAA X Aaa AAA
B 929766BK8 X Aa2 AA X Aa2 AA
C 929766BL6 X Aa3 AA- X Aa3 AA-
D 929766BM4 X A2 A X A2 A
E 929766BN2 X A3 A- X A3 A-
F 929766BP7 X Baa1 BBB+ X Baa1 BBB+
G 929766BQ5 X Baa2 BBB X Baa2 BBB
H 929766BR3 X Baa3 BBB- X Baa3 BBB-
J 929766BS1 X Ba1 BB+ X Ba1 BB+
K 929766BT9 X Ba2 BB X Ba2 BB
L 929766BU6 X Ba3 BB- X Ba3 BB-
M 929766BV4 X B1 B+ X B1 B+
N 929766BW2 X B2 B X B2 B
O 929766BX0 X B3 B- X B3 B-
P 929766CP6 X NR NR X NR 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 0 0.00 0.00 0 0.0000 0.000000
1,000,001 to 2,000,000 6 9,810,256.07 1.12 115 6.7070 1.860910
2,000,001 to 3,000,000 15 38,087,240.21 4.37 126 6.9455 15,314.391825
3,000,001 to 4,000,000 20 71,667,809.81 8.22 111 6.5104 1.439832
4,000,001 to 5,000,000 3 13,451,425.61 1.54 114 6.7914 1.615293
5,000,001 to 6,000,000 10 53,055,156.68 6.08 118 6.9767 1.689882
6,000,001 to 7,000,000 7 43,805,572.35 5.02 114 6.8133 55,927.140416
7,000,001 to 8,000,000 7 51,511,242.75 5.91 115 6.1617 1.668139
8,000,001 to 9,000,000 4 33,309,733.10 3.82 99 6.4451 1.401567
9,000,001 to 10,000,000 3 29,202,696.80 3.35 114 6.5510 1.346882
10,000,001 to 15,000,000 17 209,023,916.87 23.97 111 6.4270 65,793.766138
15,000,001 to 20,000,000 3 46,993,077.71 5.39 115 6.0516 1.284214
20,000,001 to 25,000,000 4 93,102,678.45 10.68 100 6.1991 1.397902
25,000,001 to 30,000,000 1 26,362,812.80 3.02 79 5.6800 1.534779
30,000,001 to 35,000,000 1 34,798,642.97 3.99 113 6.7400 1.546929
35,000,001 to 40,000,000 2 72,914,891.59 8.36 110 7.1560 1.325448
40,000,001 and greater 1 45,000,000.00 5.16 114 6.6250 1.790000
Totals 104 872,097,153.77 100.00 110 6.5238 19248.475595
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 8,046,049.78 0.92 52 6.6000 1.338343
Arizona 2 12,668,499.30 1.45 114 6.0264 1.608190
California 29 311,773,479.03 35.75 111 6.6142 1.459656
Colorado 2 9,947,158.66 1.14 115 6.8877 2.007865
Florida 9 67,311,325.92 7.72 115 6.3250 8,665.962994
Georgia 4 19,749,070.87 2.26 115 6.7757 1.724654
Illinois 5 26,034,362.35 2.99 115 6.3760 1.697220
Maryland 4 94,970,990.35 10.89 111 6.8668 1.418218
Massachusetts 3 12,954,835.62 1.49 114 6.4300 1.578871
Michigan 2 15,054,603.06 1.73 115 6.8680 1.587026
Minnesota 1 5,568,715.51 0.64 113 6.8750 1.289796
Mississippi 1 2,182,163.43 0.25 113 7.2000 1.425512
Missouri 1 2,784,184.45 0.32 115 7.4000 2.390000
Nevada 1 15,143,843.12 1.74 115 5.8500 1.200000
New Hampshire 1 6,061,039.59 0.69 111 7.3700 1.334405
New Mexico 2 6,130,357.77 0.70 167 6.6968 1.595930
North Carolina 2 5,843,600.61 0.67 114 6.5439 1.349866
Ohio 3 8,534,282.25 0.98 180 7.7229 2.052994
Oklahoma 4 14,050,638.55 1.61 115 6.5587 1.366144
Oregon 1 3,697,622.79 0.42 99 7.7500 1.460000
Pennsylvania 2 7,637,622.07 0.88 114 6.4886 1.445629
Rhode Island 1 45,000,000.00 5.16 114 6.6250 1.790000
South Carolina 1 1,512,900.80 0.17 115 6.1900 1.377521
Tennessee 1 1,790,920.88 0.21 114 6.7500 1.430750
Texas 13 57,373,549.89 6.58 108 6.2574 239,696.665813
Utah 1 3,484,664.87 0.40 115 6.5000 1.370000
Virginia 6 51,528,253.73 5.91 87 6.0649 1.354457
Washington 4 49,042,759.82 5.62 101 5.9214 1.448269
Washington,DC 1 6,219,658.70 0.71 115 6.0000 393,890.810000
Totals 108 872,097,153.77 100.00 110 6.5238 19,248.475595
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 0 0.00 0.00 0 0.0000 0.000000
1.20 to 1.24 2 18,528,946.13 2.12 115 5.9688 1.205861
1.25 to 1.29 12 112,457,973.64 12.90 103 6.6681 1.285864
1.30 to 1.34 18 148,742,698.70 17.06 111 6.5723 1.323658
1.35 to 1.39 14 125,373,175.08 14.38 111 6.5472 1.361006
1.40 to 1.44 13 104,934,147.70 12.03 108 6.4639 1.417512
1.45 to 1.49 9 65,355,658.01 7.49 109 6.3885 1.467810
1.50 to 1.54 10 126,928,435.62 14.55 106 6.2263 1.521913
1.55 to 1.59 2 7,402,518.18 0.85 115 6.2633 1.582716
1.60 to 1.64 2 14,974,332.96 1.72 115 5.8262 1.615748
1.65 to 1.69 0 0.00 0.00 0 0.0000 0.000000
1.70 to 1.74 2 8,360,911.86 0.96 148 7.0696 1.735555
1.75 to 1.79 4 60,214,628.65 6.90 123 6.6128 1.781689
1.80 to 1.89 1 4,000,000.00 0.46 116 5.7500 1.870000
1.90 to 1.99 1 3,163,960.27 0.36 114 6.7500 1.900000
2.0 to 2.2 1 4,375,147.00 0.50 115 7.4000 2.190000
2.2 or greater 10 45,746,668.81 5.25 115 7.3585 2.429114
Totals 104 872,097,153.77 100.00 110 6.5238 19,248.475595
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 3 14,817,222.31 1.70 152 6.8584 39,362.686096
Lodging 10 48,971,815.81 5.62 115 7.4000 2.410548
Mixed Use 2 6,682,163.43 0.77 115 6.4794 1.374660
Mobile Home Park 1 5,168,499.30 0.59 113 6.5000 1.402410
Multi-Family 30 201,703,571.52 23.13 102 6.3665 80,327.312588
Office 22 202,541,504.41 23.22 105 6.2411 1.441113
Retail 40 392,212,376.99 44.97 115 6.6298 1.435199
Totals 108 872,097,153.77 100.00 110 6.5238 19,248.475595
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>
5.999% or less 11 129,614,275.09 14.86 92 5.8209 1.455932
6.000% to 6.249% 16 137,825,284.48 15.80 112 6.0670 17,776.502610
6.250% to 6.499% 20 144,406,522.28 16.56 113 6.3646 1.406526
6.500% to 6.749% 19 209,489,061.70 24.02 113 6.6136 65,647.726067
6.750% to 6.999% 10 60,328,516.72 6.92 113 6.8046 1.365551
7.700% to 7.249% 11 106,827,335.67 12.25 111 7.1337 5,460.845443
7.250% to 7.499% 14 72,221,683.35 8.28 118 7.3748 2.064490
7.500% or greater 3 11,384,474.48 1.31 157 7.8148 1.567256
Totals 104 872,097,153.77 100.00 110 6.5238 19,248.475595
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 101 827,662,887.07 94.90 110 6.484 420,281.781697
13 to 24 months 3 44,434,266.70 5.10 120 7.2586 1.413040
25 to 36 months 0 0.00 0.00 0 0.0000 0.000000
37 to 48 months 0 0.00 0.00 0 0.0000 0.000000
49 months and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 104 872,097,153.77 100.00 110 6.5238 19,248.475595
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 5 43,706,249.43 5.01 54 6.0501 1.343415
61 to 84 months 1 26,362,812.80 3.02 79 5.6800 1.534779
85 to 108 months 2 39,330,497.43 4.51 106 7.1702 1.367227
109 to 120 months 92 739,499,842.43 84.80 114 6.5446 22,699.602810
121 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 100 848,899,402.09 97.34 110 6.5213 19,774.434533
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 1 12,800,000.00 1.47 65 5.9700 1.432109
193 to 264 months 3 10,397,751.68 1.19 226 7.4147 1.615598
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 4 23,197,751.68 2.66 137 6.6175 1.514353
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>
Interest Only 8 109,570,000.00 12.56 101 6.3089 1.573713
120 months or less 0 0.00 0.00 0 0.0000 0.000000
120 to 192 months 0 0.00 0.00 0 0.0000 0.000000
193 to 264 months 2 5,581,445.89 0.64 114 6.5541 1.263451
265 to 336 months 16 84,740,730.48 9.72 115 6.9748 6,884.451869
337 months or greater 74 649,007,225.72 74.42 110 6.4976 24,965.720019
Totals 100 848,899,402.09 97.34 110 6.5213 19,774.434533
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 101 850,559,202.61 97.53 110 6.5243 1.486338
1 year or less 3 21,537,951.16 2.47 114 6.5063 79,334.879062
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 104 872,097,153.77 100.00 110 6.5238 19,248.475595
<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>
502737614 1 RT Smithfield RI 231,875.00 0.00 6.625%
567000002 2 RT Valencia CA 209,034.16 45,511.42 7.200%
567000003 3 MF Randallstown MD 197,297.96 44,876.34 7.110%
567000004 4 RT Gaithersburg MD 182,653.52 44,123.21 6.740%
567000005 5 OF Tacoma WA 116,627.81 36,842.61 5.680%
502697602 6 RT Northridge CA 122,448.40 30,433.63 6.575%
567000007 7 MF Ashburn VA 108,266.67 0.00 5.800%
567000008 8 RT Laguna Niguel CA 113,587.10 29,827.77 6.370%
502747318 9 RT Encinitas CA 105,038.99 29,981.24 6.050%
567000010 10 RT Puyallup WA 79,433.65 22,373.48 6.100%
502745110 11 MF Las Vegas NV 68,999.08 20,789.93 5.850%
502751714 12 RT Paso Robles CA 73,052.79 20,042.49 6.200%
502743125 13 MF Temple Terrace FL 72,433.69 19,616.03 6.250%
567000014 14 MF Houston TX 67,429.20 19,505.63 6.000%
567000015 15 OF Culver City CA 64,870.15 25,170.97 6.000%
502730612 16 RT Calabasas CA 67,421.90 18,153.74 6.290%
502738711 17 OF Santa Monica CA 69,651.14 17,700.66 6.500%
567000018 18 OF Bakersfield CA 59,434.67 0.00 5.970%
502741911 19 MF Houston TX 65,333.23 16,112.26 6.640%
567000020 20 OF Sparks MD 65,072.00 0.00 6.640%
502746413 21 OF Pembroke Pines FL 57,180.62 16,765.50 5.950%
502741906 22 OF Rockville MD 62,761.35 15,070.42 6.750%
502742425 23 LO Long Beach CA 66,493.67 18,476.20 7.400%
502746414 24 OF Palm Beach Garden FL 52,569.28 15,413.45 5.950%
567000025 25 RT Rancho Santa Marg CA 58,973.45 14,042.17 6.800%
667000026 26 OF Studio City CA 54,701.11 0.00 6.500%
502740918 27 RT Bloomfield Hills MI 55,306.57 13,544.16 6.650%
502742435 28 OF Maitland FL 51,380.90 13,316.21 6.440%
567000029 29 RT Rancho Santa Marg CA 55,038.23 12,797.58 6.900%
502746821 30 RT Harrisonburg VA 47,204.03 13,330.87 6.090%
667000031 31 RT Newark CA 55,752.76 11,842.93 7.310%
502745001 32 RT Newnan GA 46,028.10 12,465.03 6.250%
667000033 33 OF North Hollywood CA 45,008.22 11,582.28 6.450%
502742918 34 MF Elgin IL 41,438.95 10,766.68 6.430%
567000035 35 MF Huntsville AL 41,356.31 10,375.05 6.600%
502741213 36 RT Lawndale CA 39,390.74 10,578.93 6.300%
502746707 37 OF Irving TX 35,814.24 10,791.09 5.850%
502750138 38 MF Scottsdale AZ 33,250.00 0.00 5.700%
502742432 39 LO Costa Mesa CA 42,991.60 11,945.82 7.400%
502737611 40 OF Charlottesville VA 36,292.63 9,561.81 6.375%
502745707 41 RT Lake Bluff IL 33,830.86 9,786.44 6.000%
502746706 42 OF Irving TX 32,135.71 9,817.13 5.800%
567000043 43 IN Tustin CA 32,864.45 12,752.09 6.000%
502742917 44 MF Westfield MA 34,665.27 9,006.75 6.430%
502741917 45 RT North Lauderdale FL 33,502.32 8,007.96 6.750%
502746419 46 MF Washington DC 29,064.31 8,407.60 6.000%
502731815 47 RT Woodland Hills CA 33,380.52 7,582.15 7.000%
567000048 48 RT Woodland Hills CA 34,139.59 7,349.11 7.220%
567000049 49 RT Nashua NH 34,785.22 7,325.18 7.370%
502745312 50 OF San Jose CA 32,902.55 9,998.95 7.000%
502742415 51 LO Boulder CO 34,393.28 9,556.65 7.400%
567000052 52 RT Bloomington MN 29,814.45 6,973.57 6.875%
502744711 53 OF Los Angeles CA 25,227.82 7,297.80 6.000%
502742424 54 LO Lombard Il 30,953.95 8,600.99 7.400%
502742915 55 MF Modesto CA 26,297.79 6,832.71 6.430%
567000056 56 MH Mesa AZ 26,163.53 6,704.01 6.500%
567000057 57 IN Maumee OH 31,593.94 12,198.24 7.940%
667000058 58 OF Oklahoma City OK 25,766.39 6,548.09 6.500%
502742412 59 LO Atlanta GA 29,234.29 8,123.15 7.400%
567000060 60 OF Lakewood CA 28,883.42 6,150.04 7.320%
567000061 61 MF San Bernardino CA 24,447.97 5,806.66 6.860%
502745217 62 MU Boca Raton FL 21,455.00 0.00 6.130%
502742428 63 LO Southfield MI 25,221.74 7,008.21 7.400%
502742513 64 MF Chicago IL 17,888.89 0.00 5.750%
567000065 65 OF Denver CO 18,975.10 5,316.39 6.120%
502735512 66 OF Cranberry Township PA 20,359.10 5,108.04 6.570%
502731814 67 RT Chesapeake VA 19,984.93 5,166.40 6.450%
502742916 68 MF Sacramento CA 19,922.57 5,176.29 6.430%
567000069 69 MF Grand Prairie TX 20,540.13 6,844.27 6.650%
265950523 70 RT Eugene OR 22,315.87 4,549.59 7.750%
502737007 71 RT Greenville NC 18,896.59 8,973.52 6.630%
502742908 72 RT Kennett Square PA 18,235.16 4,752.18 6.400%
567000073 73 MF Dallas TX 18,253.33 4,697.26 6.450%
567000074 74 MF Tacoma WA 16,973.56 4,910.04 6.000%
502741915 75 RT Taylorsville UT 17,639.58 4,482.80 6.500%
502742919 76 MF Westfield MA 17,133.41 4,451.61 6.430%
667000077 77 OF Oklahoma City OK 17,135.59 4,354.72 6.500%
502737613 78 RT Oklahoma City OK 17,336.22 4,177.78 6.750%
567000079 79 MF Victorville CA 15,860.14 4,351.34 6.200%
567000080 80 RT Grottoes VA 16,786.44 4,161.57 6.600%
502735505 81 RT Beaumont TX 17,798.55 3,879.36 7.180%
502740927 82 RT Santa Fe NM 16,631.76 3,993.66 6.750%
502737423 83 RT Newport News VA 14,707.19 3,982.91 6.250%
502742413 84 LO Smyrna GA 17,196.64 4,778.33 7.400%
567000085 85 RT Los Lunas NM 15,361.11 7,999.82 6.640%
567000086 86 RT Rancho Santa Marg CA 15,732.68 3,561.09 7.000%
502742429 87 LO Chesterfield MO 16,050.20 4,459.77 7.400%
502722602 88 IN Pembroke Pines FL 14,740.58 4,428.67 7.050%
567000089 89 MF El Paso TX 12,688.12 3,481.06 6.200%
502742913 90 MF Amherst MA 13,074.19 3,396.94 6.430%
567000091 91 MF Pompano Beach FL 15,407.65 3,057.63 7.660%
667000092 92 RT Santa Maria CA 13,340.69 2,917.75 7.180%
502736106 93 RT Holly Hill FL 12,876.20 2,924.73 7.000%
567000094 94 RT Lynnwood WA 13,156.39 5,568.68 7.250%
667000095 95 OF Oklahoma City OK 11,528.73 2,929.83 6.500%
567000096 96 RT Dalton GA 11,767.75 2,825.71 6.750%
502745918 97 RT Sylva NC 10,905.97 2,855.16 6.400%
567000098 98 MU Ridgeland MS 12,240.22 3,590.74 7.200%
502742417 99 LO Sharonville OH 11,464.43 3,185.55 7.400%
502741016 100 RT Odessa TX 9,625.77 4,809.77 6.410%
667000101 101 MF Lewisburg TN 9,414.20 2,260.57 6.750%
567000102 102 MF Greenville SC 7,293.44 2,006.23 6.190%
502742419 103 LO Dayton OH 8,311.71 2,309.52 7.400%
502741109 104 MF Chicago IL 5,143.06 0.00 5.750%
Totals 4,430,312.08 1,022,238.35
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>
502737614 N/A 09/01/2012 N 45,000,000.00 45,000,000.00 03/01/2003
567000002 N/A 07/11/2012 N 37,327,528.37 37,282,016.95 03/11/2003
567000003 N/A 02/11/2012 N 35,677,750.98 35,632,874.64 03/11/2003
567000004 N/A 08/08/2012 N 34,842,766.18 34,798,642.97 03/08/2003
567000005 10/11/2009 09/11/2016 N 26,399,655.41 26,362,812.80 03/11/2003
502697602 N/A 11/01/2012 N 23,944,281.52 23,913,847.89 03/01/2003
567000007 N/A 10/11/2007 N 24,000,000.00 24,000,000.00 03/11/2003
567000008 N/A 10/11/2012 N 22,926,304.75 22,896,476.98 03/11/2003
502747318 10/11/2012 10/11/2032 N 22,322,334.82 22,292,353.58 03/11/2003
567000010 10/11/2012 10/11/2032 N 16,742,454.94 16,720,081.46 03/11/2003
502745110 N/A 10/11/2012 N 15,164,633.05 15,143,843.12 03/11/2003
502751714 N/A 10/11/2012 N 15,149,195.62 15,129,153.13 03/11/2003
502743125 N/A 10/11/2012 N 14,900,644.34 14,881,028.31 03/11/2003
567000014 N/A 10/11/2012 N 14,449,113.82 14,429,608.19 03/11/2003
567000015 N/A 10/11/2012 N 13,900,747.04 13,875,576.07 03/11/2003
502730612 N/A 09/11/2012 N 13,781,446.75 13,763,293.01 03/11/2003
502738711 N/A 10/11/2012 N 13,777,148.76 13,759,448.10 03/11/2003
567000018 08/01/2008 05/01/2014 N 12,800,000.00 12,800,000.00 03/01/2003
502741911 N/A 09/01/2012 N 12,650,581.63 12,634,469.37 03/01/2003
567000020 N/A 09/01/2012 N 12,600,000.00 12,600,000.00 03/01/2003
502746413 N/A 10/11/2012 N 12,355,956.65 12,339,191.15 03/11/2003
502741906 N/A 09/01/2012 N 11,954,543.16 11,939,472.74 03/01/2003
502742425 N/A 10/11/2012 N 11,552,954.65 11,534,478.45 03/11/2003
502746414 N/A 10/11/2012 N 11,359,508.51 11,344,095.06 03/11/2003
567000025 N/A 08/11/2012 N 11,150,441.77 11,136,399.60 03/11/2003
667000026 N/A 09/01/2012 N 10,820,000.00 10,820,000.00 03/01/2003
502740918 N/A 10/01/2012 N 10,693,000.22 10,679,456.06 03/01/2003
502742435 N/A 09/01/2012 N 10,257,944.25 10,244,628.04 03/01/2003
567000029 N/A 08/11/2012 N 10,255,570.30 10,242,772.72 03/11/2003
502746821 10/11/2012 10/11/2032 N 9,965,663.46 9,952,332.59 03/11/2003
667000031 N/A 07/01/2012 N 9,806,035.28 9,794,192.35 03/01/2003
502745001 N/A 10/01/2012 N 9,468,636.89 9,456,171.86 03/01/2003
667000033 N/A 10/01/2012 N 8,971,737.87 8,960,155.59 03/01/2003
502742918 N/A 09/01/2012 N 8,285,947.70 8,275,181.02 03/01/2003
567000035 N/A 07/11/2007 N 8,056,424.83 8,046,049.78 03/11/2003
502741213 N/A 09/01/2012 N 8,038,925.64 8,028,346.71 03/01/2003
502746707 N/A 10/11/2012 N 7,871,261.58 7,860,470.49 03/11/2003
502750138 N/A 10/11/2012 N 7,500,000.00 7,500,000.00 03/11/2003
502742432 N/A 10/11/2012 N 7,469,582.72 7,457,636.90 03/11/2003
502737611 N/A 09/01/2012 N 7,319,522.01 7,309,960.20 03/01/2003
502745707 N/A 10/11/2012 N 7,249,469.18 7,239,682.74 03/11/2003
502746706 N/A 10/11/2012 N 7,123,679.60 7,113,862.47 03/11/2003
567000043 N/A 10/11/2012 N 7,042,382.04 7,029,629.95 03/11/2003
502742917 N/A 09/01/2012 N 6,931,513.92 6,922,507.17 03/01/2003
502741917 N/A 10/01/2012 N 6,381,394.80 6,373,386.84 03/01/2003
502746419 N/A 10/11/2012 N 6,228,066.30 6,219,658.70 03/11/2003
502731815 N/A 08/01/2012 N 6,131,116.57 6,123,534.42 03/01/2003
567000048 N/A 09/11/2012 N 6,079,467.79 6,072,118.68 03/11/2003
567000049 06/11/2012 06/11/2032 N 6,068,364.77 6,061,039.59 03/11/2003
502745312 N/A 10/01/2012 N 6,043,325.90 6,033,326.95 03/01/2003
502742415 N/A 10/11/2012 N 5,975,666.20 5,966,109.55 03/11/2003
567000052 N/A 08/01/2012 N 5,575,689.08 5,568,715.51 03/01/2003
502744711 N/A 10/11/2007 N 5,405,961.55 5,398,663.75 03/11/2003
502742424 N/A 10/11/2012 N 5,378,099.58 5,369,498.59 03/11/2003
502742915 N/A 09/01/2012 N 5,258,389.87 5,251,557.16 03/01/2003
567000056 N/A 08/11/2012 N 5,175,203.31 5,168,499.30 03/11/2003
567000057 N/A 10/11/2021 N 5,115,967.51 5,103,769.27 03/11/2003
667000058 N/A 10/11/2012 N 5,096,647.82 5,090,099.73 02/11/2003
502742412 N/A 10/11/2012 N 5,079,316.28 5,071,193.13 03/11/2003
567000060 06/11/2012 06/11/2032 N 5,073,200.73 5,067,050.69 03/11/2003
567000061 N/A 05/11/2012 N 4,582,085.27 4,576,278.61 03/11/2003
502745217 N/A 11/11/2012 N 4,500,000.00 4,500,000.00 03/11/2003
502742428 N/A 10/11/2012 N 4,382,155.21 4,375,147.00 03/11/2003
502742513 N/A 11/11/2012 N 4,000,000.00 4,000,000.00 03/11/2003
567000065 N/A 10/11/2012 N 3,986,365.50 3,981,049.11 03/11/2003
502735512 N/A 09/01/2012 N 3,984,169.12 3,979,061.08 03/01/2003
502731814 N/A 09/01/2012 N 3,983,706.61 3,978,540.21 03/01/2003
502742916 N/A 09/01/2012 N 3,983,628.71 3,978,452.42 03/01/2003
567000069 N/A 08/11/2012 N 3,971,239.45 3,964,395.18 03/11/2003
265950523 N/A 06/01/2011 N 3,702,172.38 3,697,622.79 03/01/2003
502737007 N/A 09/01/2012 N 3,664,498.00 3,655,524.48 03/01/2003
502742908 10/01/2012 10/01/2032 N 3,663,313.17 3,658,560.99 03/01/2003
567000073 N/A 10/11/2007 N 3,638,538.15 3,633,840.89 03/11/2003
567000074 N/A 10/11/2012 N 3,637,190.69 3,632,280.65 03/11/2003
502741915 10/11/2012 10/11/2032 N 3,489,147.67 3,484,664.87 03/11/2003
502742919 N/A 09/01/2012 N 3,425,920.68 3,421,469.07 03/01/2003
667000077 N/A 10/11/2012 N 3,389,457.73 3,385,103.01 02/11/2003
502737613 08/01/2012 08/01/2032 N 3,302,136.21 3,297,958.43 03/01/2003
567000079 N/A 10/11/2012 N 3,288,970.09 3,284,618.75 03/11/2003
567000080 N/A 10/11/2012 N 3,270,086.57 3,265,925.00 03/11/2003
502735505 08/01/2012 08/01/2032 N 3,187,166.24 3,183,286.88 03/01/2003
502740927 09/01/2012 09/01/2032 N 3,167,953.93 3,163,960.27 03/01/2003
502737423 10/11/2012 10/11/2032 N 3,025,478.64 3,021,495.73 03/11/2003
502742413 N/A 10/11/2012 N 2,987,833.09 2,983,054.76 03/11/2003
567000085 N/A 10/11/2021 N 2,974,397.32 2,966,397.50 03/11/2003
567000086 N/A 09/11/2012 N 2,889,676.47 2,886,115.38 03/11/2003
502742429 N/A 10/11/2012 N 2,788,644.22 2,784,184.45 03/11/2003
502722602 N/A 10/01/2012 N 2,688,251.76 2,683,823.09 03/01/2003
567000089 N/A 10/11/2007 N 2,631,176.07 2,627,695.01 03/11/2003
502742913 N/A 09/01/2012 N 2,614,256.32 2,610,859.38 03/01/2003
567000091 N/A 05/11/2012 N 2,586,140.05 2,583,082.42 03/11/2003
667000092 07/01/2012 07/01/2032 N 2,388,901.99 2,385,984.24 03/01/2003
502736106 08/01/2012 08/01/2032 N 2,365,015.74 2,362,091.01 03/01/2003
567000094 N/A 10/11/2022 N 2,333,153.59 2,327,584.91 03/11/2003
667000095 N/A 10/11/2012 N 2,280,407.21 2,277,477.38 02/11/2003
567000096 N/A 09/01/2012 N 2,241,476.83 2,238,651.12 03/01/2003
502745918 N/A 09/11/2012 N 2,190,931.29 2,188,076.13 03/11/2003
567000098 N/A 08/01/2012 N 2,185,754.17 2,182,163.43 03/01/2003
502742417 N/A 10/11/2012 N 1,991,888.71 1,988,703.16 03/11/2003
502741016 09/01/2012 09/01/2032 N 1,930,731.18 1,925,921.41 03/01/2003
667000101 N/A 09/01/2012 N 1,793,181.45 1,790,920.88 03/01/2003
567000102 N/A 10/11/2012 N 1,514,907.03 1,512,900.80 03/11/2003
502742419 N/A 10/11/2012 N 1,444,119.34 1,441,809.82 03/11/2003
502741109 N/A 11/11/2012 N 1,150,000.00 1,150,000.00 03/11/2003
Totals 873,119,392.12 872,097,153.77
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
03/17/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
02/18/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
01/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
12/16/2002 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
03/17/2003 0 $0.00 0 $0.00
02/18/2003 0 $0.00 0 $0.00
01/15/2003 0 $0.00 0 $0.00
12/16/2002 0 $0.00 0 $0.00
Rate and Maturities
Distribution Next Weighted Avg. WAM
Date Coupon Remit
03/17/2003 6.523815% 6.478731% 110
02/18/2003 6.523868% 6.478784% 111
01/15/2003 6.523882% 6.478799% 112
12/16/2002 6.523897% 6.478813% 113
<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>
667000058 58 0 02/11/2003 31,932.23 31,932.23 B
667000077 77 0 02/11/2003 21,179.61 21,179.61 B
667000095 95 0 02/11/2003 14,249.52 14,249.52 B
Totals 3 67,361.36 67,361.36
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>
667000058 5,096,647.82 0.00
667000077 3,389,457.73 0.00
667000095 2,280,407.21 0.00
Totals 10,766,512.76 0.00
Current Outstanding Actual Outstanding
P & I P & I Principal Servicing
Advances Advances Balance Advances
Totals by Delinquency Code:
Total for Status Code = B (3 loans) 67,361.36 67,361.36 10,766,512.76 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