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 : April 14, 2003
(Date of earliest event reported)
Commission File No.: 333-53266-02
First Union Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2001-C2
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
52-2316405
52-2316406
52-7184008
52-2316404
(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 April 14, 2003 a distribution was made to holders of First Union
Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through
Certificates, Series 2001-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 2001-C2, relating to the
April 14, 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.
First Union Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2001-C2
By: Wells Fargo Bank Minnesota, N.A., as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: April 14, 2003
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial Mortgage
Pass-Through Certificates, Series 2001-C2, relating to the
April 14, 2003 distribution.
EX-99.1
Wells Fargo Bank Minnesota, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
First Union Commercial Mortgage Trust
Commercial Mortgage Pass-Through Certificates
Series 2001-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: 04/14/2003
Record Date: 03/31/2003
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
Underwriter
First Union Securities, Inc
201 South College Street
Charlotte, NC 28288
Contact: William J. Cohane
Phone Number: (704) 383-4984
Underwriter
Merrill Lynch, Pierce, Fenner & Smith Inc.
World Financial Center, North Tower
250 Vesey Street
New York, NY 10281
Contact: John E. Gluszak
Phone Number: (212) 449-1000
Master Servicer
First Union National Bank
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.
760 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 33736XBY4 6.204000% 190,553,000.00 173,115,836.32 790,423.20
A-2 33736XBZ1 6.663000% 590,647,000.00 590,647,000.00 0.00
B 33736XCA5 6.819000% 42,565,000.00 42,565,000.00 0.00
C 33736XCB3 6.922000% 12,520,000.00 12,520,000.00 0.00
D 33736XCC1 6.951000% 12,519,000.00 12,519,000.00 0.00
E 33736XCD9 7.003000% 20,031,000.00 20,031,000.00 0.00
F 33736XCE7 7.123000% 10,015,000.00 10,015,000.00 0.00
G 33736XCF4 7.388000% 15,023,000.00 15,023,000.00 0.00
H 33736XCG2 7.487000% 17,527,000.00 17,527,000.00 0.00
J 33736XCH0 7.854357% 12,519,000.00 12,519,000.00 0.00
K 33736XCJ6 6.460000% 15,023,000.00 15,023,000.00 0.00
L 33736XCK3 6.460000% 20,031,000.00 20,031,000.00 0.00
M 33736XCL1 6.460000% 5,008,000.00 5,008,000.00 0.00
N 33736XCM9 6.460000% 6,048,000.00 6,048,000.00 0.00
O 33736XCN7 6.460000% 5,908,000.00 5,908,000.00 0.00
P 33736XCP2 6.460000% 3,939,000.00 3,939,000.00 0.00
Q 33736XCQ0 6.460000% 21,663,038.00 21,663,038.00 0.00
V 33736XCS6 6.828000% 1,175,111.70 1,323,810.78 -7,532.48
Z-I N/A 0.000000% 0.00 0.00 0.00
Z-II 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 1,002,714,149.70 985,425,685.10 782,890.72
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 33736XBY4 895,008.87 0.00 0.00 1,685,432.07 172,325,413.12 22.51%
A-2 33736XBZ1 3,279,567.47 0.00 0.00 3,279,567.47 590,647,000.00 22.51%
B 33736XCA5 241,875.61 0.00 0.00 241,875.61 42,565,000.00 18.19%
C 33736XCB3 72,219.53 0.00 0.00 72,219.53 12,520,000.00 16.92%
D 33736XCC1 72,516.31 0.00 0.00 72,516.31 12,519,000.00 15.65%
E 33736XCD9 116,897.58 0.00 0.00 116,897.58 20,031,000.00 13.61%
F 33736XCE7 59,447.37 0.00 0.00 59,447.37 10,015,000.00 12.60%
G 33736XCF4 92,491.60 0.00 0.00 92,491.60 15,023,000.00 11.07%
H 33736XCG2 109,353.87 0.00 0.00 109,353.87 17,527,000.00 9.29%
J 33736XCH0 81,940.58 0.00 0.00 81,940.58 12,519,000.00 8.02%
K 33736XCJ6 80,873.82 0.00 0.00 80,873.82 15,023,000.00 6.49%
L 33736XCK3 107,833.55 0.00 0.00 107,833.55 20,031,000.00 4.46%
M 33736XCL1 26,959.73 0.00 0.00 26,959.73 5,008,000.00 3.95%
N 33736XCM9 32,558.40 0.00 0.00 32,558.40 6,048,000.00 3.34%
O 33736XCN7 31,804.73 0.00 0.00 31,804.73 5,908,000.00 2.74%
P 33736XCP2 21,204.95 0.00 0.00 21,204.95 3,939,000.00 2.34%
Q 33736XCQ0 116,619.35 0.00 0.00 116,619.35 21,663,038.00 0.14%
V 33736XCS6 7,532.48 0.00 0.00 0.00 1,331,343.26 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%
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 5,446,705.80 0.00 0.00 6,229,596.52 984,642,794.38
Original Beginning
Pass-Through Notional Notional
Class CUSIP Rate Amount Amount
<s> <c> <c> <c> <c>
IO 33736XCR8 1.221906% 1,001,539,038.00 984,101,874.32
Ending
Interest Prepayment Total Notional
Class CUSIP Distribution Penalties Distribution Amount
<s> <c> <c> <c> <c> <c>
IO 33736XCR8 1,002,066.30 0.00 1,002,066.30 983,311,451.12
<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 33736XBY4 908.49179137 4.14804910 4.69690254 0.00000000 0.00000000 904.34374227
A-2 33736XBZ1 1,000.00000000 0.00000000 5.55250000 0.00000000 0.00000000 1,000.00000000
B 33736XCA5 1,000.00000000 0.00000000 5.68249994 0.00000000 0.00000000 1,000.00000000
C 33736XCB3 1,000.00000000 0.00000000 5.76833307 0.00000000 0.00000000 1,000.00000000
D 33736XCC1 1,000.00000000 0.00000000 5.79250020 0.00000000 0.00000000 1,000.00000000
E 33736XCD9 1,000.00000000 0.00000000 5.83583346 0.00000000 0.00000000 1,000.00000000
F 33736XCE7 1,000.00000000 0.00000000 5.93583325 0.00000000 0.00000000 1,000.00000000
G 33736XCF4 1,000.00000000 0.00000000 6.15666644 0.00000000 0.00000000 1,000.00000000
H 33736XCG2 1,000.00000000 0.00000000 6.23916643 0.00000000 0.00000000 1,000.00000000
J 33736XCH0 1,000.00000000 0.00000000 6.54529755 0.00000000 0.00000000 1,000.00000000
K 33736XCJ6 1,000.00000000 0.00000000 5.38333356 0.00000000 0.00000000 1,000.00000000
L 33736XCK3 1,000.00000000 0.00000000 5.38333333 0.00000000 0.00000000 1,000.00000000
M 33736XCL1 1,000.00000000 0.00000000 5.38333267 0.00000000 0.00000000 1,000.00000000
N 33736XCM9 1,000.00000000 0.00000000 5.38333333 0.00000000 0.00000000 1,000.00000000
O 33736XCN7 1,000.00000000 0.00000000 5.38333277 0.00000000 0.00000000 1,000.00000000
P 33736XCP2 1,000.00000000 0.00000000 5.38333333 0.00000000 0.00000000 1,000.00000000
Q 33736XCQ0 1,000.00000000 0.00000000 5.38333312 0.00000000 0.00000000 1,000.00000000
V 33736XCS6 1,126.54037910 -6.41001192 6.41001192 0.00000000 0.00000000 1,132.95039101
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
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 33736XCR8 982.58963154 1.00052645 0.00000000 981.80042296
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 72,814.77
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 43,992.33
Less Delinquent Servicing Fees 469.15
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 854.97
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 44,378.15
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> <c>
A-1 895,008.87 0.00 0.00 895,008.87 0.00 0.00 895,008.87 0.00
A-2 3,279,567.47 0.00 0.00 3,279,567.47 0.00 0.00 3,279,567.47 0.00
IO 1,002,066.30 0.00 0.00 1,002,066.30 0.00 0.00 1,002,066.30 0.00
B 241,875.61 0.00 0.00 241,875.61 0.00 0.00 241,875.61 0.00
C 72,219.53 0.00 0.00 72,219.53 0.00 0.00 72,219.53 0.00
D 72,516.31 0.00 0.00 72,516.31 0.00 0.00 72,516.31 0.00
E 116,897.58 0.00 0.00 116,897.58 0.00 0.00 116,897.58 0.00
F 59,447.37 0.00 0.00 59,447.37 0.00 0.00 59,447.37 0.00
G 92,491.60 0.00 0.00 92,491.60 0.00 0.00 92,491.60 0.00
H 109,353.87 0.00 0.00 109,353.87 0.00 0.00 109,353.87 0.00
J 81,940.58 0.00 0.00 81,940.58 0.00 0.00 81,940.58 0.00
K 80,873.82 0.00 0.00 80,873.82 0.00 0.00 80,873.82 0.00
L 107,833.55 0.00 0.00 107,833.55 0.00 0.00 107,833.55 0.00
M 26,959.73 0.00 0.00 26,959.73 0.00 0.00 26,959.73 0.00
N 32,558.40 0.00 0.00 32,558.40 0.00 0.00 32,558.40 0
O 31,804.73 0.00 0.00 31,804.73 0.00 0.00 31,804.73 0.00
P 21,204.95 0.00 0.00 21,204.95 0.00 0.00 21,204.95 0
Q 116,619.35 0.00 0.00 116,619.35 0.00 0.00 116,619.35 76.42
V 7,532.48 0.00 0.00 7,532.48 0.00 7,532.48 7,532.48 155,598.60
Total 6,448,772.10 0.00 0.00 6,448,772.10 0.00 7,532.48 6,448,772.10 155,675.02
Other Required Information
<s> <c>
Available Distribution Amount (1) 7,231,662.82
Aggregate Number of Outstanding Loans 108
Aggregate Stated Principal Balance of Loans Before Distribution 985,425,685.10
Aggregate Stated Principal Balance of Loans After Distribution 984,642,794.38
Aggregate Unpaid Principal Balance of Loans 984,648,434.79
Aggregate Amount of Servicing Fee 44,378.15
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 1,804.19
Aggregate Trust Fund Expenses 0.00
Interest Reserve Deposit 0
Interest Reserve Withdrawal 0.00
Specially Serviced Loans not Delinquent
Number of Outstanding Loans 0.00
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
<s> <c> <c> <c>
None
Total
Cash Reconciliation Detail
Total Funds Collected
Interest:
Scheduled Interest 6,494,568.62
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 6,494,568.62
Principal:
Scheduled Principal 782,890.72
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 782,890.72
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 7,277,459.34
Total Funds Distributed
Fees:
Master Servicing Fee 43,992.33
Trustee Fee 1,804.19
Certificate Administration Fee 0.00
Insurer Fee 0.00
Miscellaneous Fee 0.00
Total Fees 45,796.51
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 6,448,772.10
Principal Distribution 782,890.72
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 7,231,662.82
Total Funds Distributed 7,277,459.33
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>
A-1 33736XBY4 X Aaa AAA X Aaa AAA
A-2 33736XBZ1 X Aaa AAA X Aaa AAA
IO 33736XCR8 X Aaa AAA X Aaa AAA
B 33736XCA5 X Aa2 AA X Aa2 AA
C 33736XCB3 X Aa3 AA- X Aa3 AA-
D 33736XCC1 X A1 A+ X A1 A+
E 33736XCD9 X A2 A X A2 A
F 33736XCE7 X A3 A- X A3 A-
G 33736XCF4 X Baa1 BBB+ X Baa1 BBB+
H 33736XCG2 X Baa2 BBB X Baa2 BBB
J 33736XCH0 X Baa3 BBB- X Baa3 BBB-
K 33736XCJ6 X Ba1 BB+ X Ba1 BB+
L 33736XCK3 X Ba2 BB X Ba2 BB
M 33736XCL1 X Ba3 BB- X Ba3 BB-
N 33736XCM9 X B1 B+ X B1 B+
O 33736XCN7 X B2 B X B2 B
P 33736XCP2 X B3 B- X B3 B-
Q 33736XCQ0 X NR NR X NR NR
V 33736XCS6 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 2,000,000 20 26,780,240.03 2.72 97 7.7499 1.426373
2,000,001 to 4,000,000 19 53,116,013.43 5.39 93 7.6404 1.344578
4,000,001 to 6,000,000 22 110,277,053.71 11.20 93 7.7706 1.478903
6,000,001 to 8,000,000 10 69,533,800.06 7.06 93 7.7576 1.972493
8,000,001 to 10,000,000 8 74,696,414.79 7.59 93 7.6291 1.341074
10,000,001 to 15,000,000 9 118,746,744.86 12.06 92 7.6262 1.507829
15,000,001 to 20,000,000 6 100,751,032.53 10.23 95 7.5424 1.306407
20,000,001 to 25,000,000 6 133,114,900.73 13.52 93 7.6412 1.895635
25,000,001 to 30,000,000 2 54,221,699.16 5.51 71 8.3626 1.297866
30,000,001 to 35,000,000 3 96,260,963.97 9.78 95 7.6841 1.037727
35,000,001 to 40,000,000 0 0.00 0.00 0 0.0000 0.000000
40,000,001 to 45,000,000 1 44,000,000.00 4.47 93 6.7940 1.692945
45,000,001 to 50,000,000 1 50,000,000.00 5.08 93 7.7500 1.432274
50,000,001 or greater 1 53,143,931.11 5.40 94 7.5800 1.492559
Totals 108 984,642,794.38 100.00 92 7.6623 1.491640
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 3 9,995,739.90 1.02 97 7.2200 1.269538
Arizona 1 1,535,438.20 0.16 94 7.8750 1.614718
Arkansas 1 897,173.75 0.09 94 7.8750 1.572994
California 27 225,882,032.25 22.94 92 7.9614 1.700218
Connecticut 4 12,846,108.53 1.30 93 7.8009 1.505506
Delaware 2 11,523,402.54 1.17 94 7.3255 1.356563
Florida 14 96,797,958.94 9.83 83 7.7827 1.056748
Georgia 3 18,172,351.14 1.85 94 7.7312 1.455128
Hawaii 1 20,399,235.38 2.07 93 8.0000 1.280477
Idaho 1 870,092.27 0.09 94 8.0000 1.219610
Illinois 2 7,465,835.67 0.76 94 7.4876 1.040490
Indiana 1 12,400,000.00 1.26 97 7.4400 1.542772
Maine 1 9,272,730.82 0.94 96 7.3000 1.244759
Maryland 2 24,272,877.55 2.47 91 8.3300 1.641397
Massachusetts 3 7,316,383.76 0.74 94 7.8443 1.762516
Michigan 3 5,111,794.56 0.52 110 7.2154 1.268643
Missouri 1 2,438,984.54 0.25 94 7.8750 1.614718
Nevada 4 48,390,654.23 4.91 94 7.3348 1.069902
New Jersey 5 33,574,445.34 3.41 93 7.5195 1.395381
New Mexico 1 1,673,539.86 0.17 91 8.7500 2.721326
New York 7 80,568,563.42 8.18 94 7.8239 1.635156
North Carolina 2 26,876,070.90 2.73 96 7.1773 1.366622
Oklahoma 1 7,241,000.00 0.74 97 7.4400 1.787572
Pennsylvania 6 83,224,215.33 8.45 93 7.2027 1.524807
South Carolina 1 11,688,654.47 1.19 96 7.2900 1.320222
Tennessee 4 9,805,407.70 1.00 94 8.0249 1.238959
Texas 26 119,932,323.15 12.18 91 7.5492 1.630629
Virginia 6 38,490,060.69 3.91 96 7.3283 1.485452
Washington,DC 1 53,143,931.11 5.40 94 7.5800 1.492559
Wisconsin 1 2,835,788.37 0.29 94 7.7500 1.580000
Totals 135 984,642,794.38 100.00 92 7.6623 1.491640
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>
Unknown 1 1,331,343.26 0.14 122 6.8280 NAP
1.04 or less 14 135,456,367.30 13.76 86 7.7306 0.889480
1.05 to 1.14 6 61,597,229.35 6.26 93 7.4207 1.076354
1.15 to 1.19 8 36,804,009.61 3.74 91 7.9051 1.182311
1.20 to 1.24 7 49,102,990.35 4.99 91 7.3654 1.223058
1.25 to 1.29 2 52,674,977.06 5.35 96 7.8591 1.282491
1.30 to 1.34 8 56,026,113.86 5.69 94 7.4585 1.318765
1.35 to 1.39 10 66,450,150.18 6.75 94 7.7323 1.371028
1.40 to 1.44 4 66,677,258.70 6.77 94 7.6215 1.430930
1.45 to 1.49 8 105,674,716.96 10.73 95 7.5132 1.482721
1.50 to 1.54 2 17,471,054.28 1.77 95 7.8057 1.532128
1.55 to 1.59 8 59,952,192.73 6.09 92 8.0237 1.579880
1.60 to 1.64 6 58,370,750.06 5.93 93 7.9340 1.627451
1.65 to 1.69 5 90,099,504.71 9.15 92 7.4757 1.686628
1.70 to 1.74 3 25,339,633.97 2.57 92 7.6918 1.708046
1.75 to 1.79 3 15,725,796.27 1.60 94 7.8632 1.772048
1.80 to 1.89 2 16,670,455.18 1.69 93 7.4151 1.808593
1.90 to 1.94 2 11,000,000.00 1.12 93 7.3500 1.910395
1.95 to 1.99 1 6,250,000.00 0.63 93 7.3500 1.957758
2.00 or greater 8 51,968,250.55 5.28 92 7.8475 3.670339
Totals 108 984,642,794.38 100.00 92 7.6623 1.491640
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 7 49,444,120.83 5.02 93 8.0946 1.133651
Lodging 8 61,491,341.40 6.25 93 7.9275 1.430856
Mixed Use 3 36,628,334.90 3.72 91 7.8708 3.384747
Mobile Home Park 1 886,147.61 0.09 33 8.5000 1.150000
Multi-Family 40 329,872,956.20 33.50 90 7.5036 1.264940
Office 29 286,099,664.64 29.06 93 7.7226 1.651531
Retail 27 185,589,101.28 18.85 96 7.5634 1.372698
Self Storage 20 34,631,127.52 3.52 94 7.8750 1.593030
Totals 135 984,642,794.38 100.00 92 7.6623 1.491640
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>
6.999% or less 7 54,926,473.21 5.58 99 6.8093 1.535811
7.000% to 7.249% 14 134,497,982.26 13.66 96 7.1770 1.222384
7.250% to 7.499% 22 226,040,031.20 22.96 93 7.3437 1.454179
7.500% to 7.749% 14 121,134,560.92 12.30 94 7.6057 1.373002
7.750% to 7.999% 18 192,011,671.80 19.50 94 7.8029 1.893592
8.000% to 8.249% 15 131,495,022.56 13.35 85 8.0485 1.288368
8.250% to 8.499% 8 45,058,708.09 4.58 87 8.3466 1.517472
8.500% to 8.749% 8 63,168,505.51 6.42 88 8.6570 1.515967
8.750% or greater 2 16,309,838.83 1.66 87 8.8577 1.704784
Totals 108 984,642,794.38 100.00 92 7.6623 1.491640
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 0 0.00 0.00 0 0.0000 0.000000
13 to 24 months 27 204,998,218.98 20.82 97 7.3777 1.300296
25 to 36 months 81 779,644,575.40 79.18 91 7.7371 1.541951
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 108 984,642,794.38 100.00 92 7.6623 1.491640
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 3 32,276,664.97 3.28 54 8.0865 0.933593
61 to 84 months 1 11,803,194.61 1.20 79 7.4100 1.205793
85 to 108 months 89 875,726,901.31 88.94 93 7.6714 1.443619
109 to 120 months 0 0.00 0.00 0 0.0000 0.000000
121 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 93 919,806,760.89 93.42 92 7.6826 1.422670
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>
108 months or less 9 53,909,560.28 5.48 94 7.4755 2.787702
109 to 120 months 0 0.00 0.00 0 0.0000 0.000000
121 to 144 months 6 10,926,473.21 1.11 122 6.8711 0.903043
145 to 300 months 0 0.00 0.00 0 0.0000 0.000000
301 to 348 months 0 0.00 0.00 0 0.0000 0.000000
349 to 360 months 0 0.00 0.00 0 0.0000 0.000000
361 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 15 64,836,033.49 6.58 99 7.3737 2.470091
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 7 61,250,000.00 6.22 93 7.3500 1.771113
108 months or less 0 0.00 0.00 0 0.0000 0.000000
109 to 120 months 0 0.00 0.00 0 0.0000 0.000000
121 to 144 months 0 0.00 0.00 0 0.0000 0.000000
145 to 300 months 12 250,402,926.00 25.43 93 7.5595 1.483877
301 to 348 months 73 600,205,442.49 60.96 91 7.7653 1.335005
349 to 360 months 0 0.00 0.00 0 0.0000 0.000000
361 months or greater 1 7,948,392.40 0.81 92 7.8800 3.429208
Totals 93 919,806,760.89 93.42 92 7.6826 1.422670
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 3 15,764,985.46 1.60 93 8.2835 1.367477
Unknown 1 1,331,343.26 0.14 122 6.8280 NAP
1 year or less 86 847,647,038.46 86.09 92 7.6499 1.518498
1 to 2 years 18 119,899,427.20 12.18 94 7.6772 1.334653
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 108 984,642,794.38 100.00 92 7.6623 1.491640
<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>
265950394 1 OF Washington DC 347,276.00 60,323.81 7.580%
265950357 2 LO Various Various 333,680.56 0.00 7.750%
510000162 3 OF Philadelphia PA 257,417.11 0.00 6.794%
265950334 4 MF La Jolla CA 232,535.06 19,128.04 8.030%
510000172 5 RT Islip NY 216,078.73 18,999.07 7.770%
603000006 6 MF Tallahassee FL 188,724.88 21,909.36 7.210%
603000007 7 MF Various FL 195,231.71 15,917.59 8.050%
603000008 8 OF Anaheim CA 195,427.70 12,455.55 8.700%
510000146 9 OF Gaithersburg MD 174,202.17 12,751.66 8.330%
265950525 10 MU Sacramento CA 154,375.00 0.00 7.800%
265950455 11 MF Las Vegas NV 142,793.75 0.00 7.370%
265950554 12 OF New York NY 136,284.28 15,834.29 7.160%
510000160 13 RT Kaneohe HI 140,675.53 21,405.88 8.000%
265950520 14 MF Las Vegas NV 122,833.79 14,794.56 7.090%
510000165 15 SS Various Various 122,200.77 19,239.97 7.875%
265950445 16 IN Lake Forest CA 116,844.02 10,775.85 7.700%
265950532 17 RT Asheboro NC 104,754.91 12,079.26 7.178%
510000166 18 SS Various Various 112,892.56 17,774.43 7.875%
265950489 19 MF Riverside CA 100,175.85 11,106.91 7.320%
265950448 20 MF Neptune City NJ 98,081.93 19,012.78 7.250%
265950378 21 MF Irving TX 94,937.50 0.00 7.350%
510000129 22 OF New York NY 111,843.69 6,653.99 8.870%
503000023 23 MF Moon Township PA 90,421.47 9,775.84 7.380%
265950381 24 MF Irving TX 90,190.63 0.00 7.350%
265950457 25 RT Woodbridge VA 79,038.16 8,714.92 7.300%
265950614 26 MF Bloomington IN 79,442.67 0.00 7.440%
265950322 27 OF Bensalem Township PA 85,458.95 6,740.95 8.140%
265950611 28 RT Los Angeles CA 75,364.01 7,803.44 7.410%
503000029 29 RT Bluffton SC 73,426.22 8,075.87 7.290%
265950533 30 RT Randleman NC 61,468.95 7,093.93 7.176%
510000153 31 IN Santa Cruz CA 71,763.91 4,438.97 8.650%
265950386 32 MF Dallas TX 60,127.08 0.00 7.350%
265950400 33 RT Chesapeake VA 60,196.75 6,228.63 7.500%
265950450 34 MF Wilmington DE 57,517.18 11,149.47 7.250%
510000169 35 RT Bangor ME 58,329.57 6,388.33 7.300%
265950449 36 MF Matawan NJ 56,306.29 10,914.75 7.250%
510000128 37 IN Sunnyvale CA 65,337.99 4,439.09 8.590%
265330988 38 MU Santa Monica CA 54,361.84 4,734.64 7.940%
510000151 39 OF New York NY 53,940.81 964.97 7.880%
265950566 40 OF Richmond VA 40,475.49 47,458.64 7.220%
265330998 41 OF Los Angeles CA 52,698.33 3,910.51 8.300%
265330995 42 OF San Francisco CA 50,700.74 4,331.60 8.000%
265950562 43 OF Houston TX 39,396.15 46,193.07 7.220%
265950619 44 MF Norman OK 46,390.67 0.00 7.440%
265330972 45 LO Sabal Park FL 48,142.81 5,894.65 8.700%
265950561 46 OF Birmingham AL 35,078.76 41,130.82 7.220%
265950377 47 MF Richardson TX 39,557.29 0.00 7.350%
265950384 48 MF Bedford TX 39,557.29 0.00 7.350%
510000168 49 RT Jacksonville FL 37,492.00 3,968.96 7.380%
510000148 50 OF Parsippany NJ 42,294.96 2,910.58 8.480%
510000144 51 RT Los Angeles CA 41,180.61 2,768.71 8.530%
265950348 52 OF Austin TX 35,395.29 3,290.97 7.750%
265950458 53 MF Safety Harbor FL 35,247.27 3,226.53 7.770%
265950395 54 IN Augusta GA 34,971.43 3,177.52 7.750%
265950387 55 MF Dallas TX 33,228.13 0.00 7.350%
510000163 56 MF Joliet IL 33,287.81 3,420.95 7.500%
265950456 57 OF Alexandria VA 32,743.96 3,401.79 7.440%
265330973 58 LO Tallahassee FL 38,025.53 4,655.87 8.700%
265950321 59 MU Las Vegas NV 34,421.39 2,764.14 8.100%
510000156 60 MF Lafayette Hills PA 30,113.41 3,623.15 7.140%
265950435 61 RT Morrow GA 32,285.96 3,072.50 7.680%
510000152 62 MF Monterey CA 31,905.56 3,130.23 7.625%
265950390 63 RT Cupertino CA 31,923.11 3,011.94 7.700%
265950444 64 OF San Clemente CA 31,789.41 2,931.75 7.700%
265950382 65 MF San Antonio TX 30,063.54 0.00 7.350%
510000159 66 RT Austin TX 31,833.36 2,653.57 8.000%
265950349 67 OF Austin TX 29,496.08 2,742.47 7.750%
265950565 68 OF Richmond VA 22,666.28 26,576.83 7.220%
510000145 69 RT Jacksonville FL 28,534.26 2,261.08 8.170%
503000070 70 OF Pittsburgh PA 27,244.17 2,373.15 7.900%
603000071 71 MF Patton Township PA 25,695.00 2,547.99 7.600%
265950317 72 IN Memphis TN 25,463.20 1,943.96 8.140%
825999645 73 RT Galt CA 17,238.51 16,688.07 6.942%
265950370 74 MF Pasadena TX 23,158.36 1,726.30 8.290%
510000164 75 MF Farmers Branch TX 20,606.74 2,117.73 7.500%
265950372 76 MF Arlington TX 22,245.80 1,637.44 8.180%
265950560 77 OF Birmingham AL 16,190.20 18,983.45 7.220%
265950563 78 OF Houston TX 16,190.20 18,983.45 7.220%
265950459 79 RT Palm Beach Garden FL 18,942.12 1,841.72 7.630%
265950422 80 IN Green Bay WI 18,945.70 3,109.90 7.750%
510000161 81 OF Healdsburg CA 19,313.63 1,598.66 8.000%
825999649 82 RT Palm Desert CA 13,503.55 13,376.45 6.828%
265950365 83 MF Newark DE 15,253.10 1,486.22 7.625%
265950328 84 RT Sterling IL 14,881.39 1,555.48 7.460%
265950481 85 MF Detroit MI 14,884.20 1,418.80 7.640%
265950431 86 RT Stamford CT 15,051.20 1,301.92 7.900%
510000158 87 MF Johnson Ciy TN 14,629.80 1,219.51 8.000%
265330960 88 MF Clarksville TN 14,327.27 1,261.72 7.875%
265950559 89 OF Birmingham AL 11,333.14 13,288.42 7.220%
265950369 90 MF Woburn MA 13,131.94 0.00 7.625%
265330945 91 OF San Francisco CA 13,142.42 1,185.82 7.750%
510000157 92 MF Johnson Ciy TN 13,376.78 1,115.07 8.000%
825999532 93 RT Portage MI 8,952.26 8,583.57 6.990%
510000154 94 IN Plano TX 11,514.19 959.81 8.000%
510000149 95 RT Albuquerque NM 12,615.37 758.54 8.750%
825999737 96 RT Roanoke VA 8,123.70 8,060.32 6.820%
825999799 97 RT Warren MI 7,481.47 7,529.75 6.750%
265950312 98 OF Encino CA 10,564.41 730.38 8.470%
265950564 99 OF San Antonio TX 7,555.43 8,858.94 7.220%
265950440 100 MF Naples FL 8,534.53 746.36 7.875%
265950353 101 OF White Plains NY 8,819.10 669.40 8.250%
265950367 102 MF Stuart FL 8,586.06 601.70 8.400%
265330909 103 MH Roanoke TX 6,489.26 430.96 8.500%
265950423 104 RT Meridian ID 5,997.39 496.43 8.000%
265950429 105 MF Carson City NV 5,702.57 530.22 7.750%
265950409 106 RT Long Beach CA 4,797.00 316.27 8.500%
265950428 107 MF Brookline MA 3,698.12 253.69 8.415%
825999649 108 RT Palm Desert CA 7,532.48 -7,532.48 6.828%
Totals 6,494,568.62 782,890.72
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>
265950394 N/A 02/01/2011 N 53,204,254.92 53,143,931.11 04/01/2003
265950357 N/A 01/01/2011 N 50,000,000.00 50,000,000.00 04/01/2003
510000162 01/31/2011 01/01/2029 N 44,000,000.00 44,000,000.00 04/01/2003
265950334 N/A 01/01/2011 N 33,628,980.90 33,609,852.86 04/01/2003
510000172 06/01/2011 06/01/2031 N 32,294,740.75 32,275,741.68 04/01/2003
603000006 02/01/2011 02/01/2031 N 30,397,278.79 30,375,369.43 04/01/2003
603000007 N/A 01/01/2008 N 28,164,061.83 28,148,144.24 04/01/2003
603000008 07/01/2010 07/01/2030 N 26,086,010.47 26,073,554.92 04/01/2003
510000146 11/01/2010 11/01/2030 N 24,285,629.21 24,272,877.55 04/01/2003
265950525 N/A 11/10/2010 N 23,750,000.00 23,750,000.00 04/10/2003
265950455 N/A 01/01/2011 N 22,500,000.00 22,500,000.00 04/01/2003
265950554 04/01/2011 04/01/2031 N 22,104,136.42 22,088,302.13 04/01/2003
510000160 N/A 01/01/2011 N 20,420,641.26 20,399,235.38 04/01/2003
265950520 N/A 03/01/2011 N 20,119,280.23 20,104,485.67 04/01/2003
510000165 02/01/2011 02/01/2026 N 18,020,390.58 18,001,150.61 04/01/2003
265950445 N/A 04/01/2011 N 17,622,055.62 17,611,279.77 04/01/2003
265950532 N/A 04/01/2011 N 16,947,738.69 16,935,659.43 04/01/2003
510000166 02/01/2011 02/01/2026 N 16,647,751.33 16,629,976.90 04/01/2003
265950489 N/A 02/01/2011 N 15,892,520.24 15,881,413.33 04/01/2003
265950448 N/A 02/01/2011 N 15,710,565.27 15,691,552.49 04/01/2003
265950378 N/A 01/01/2011 N 15,000,000.00 15,000,000.00 04/01/2003
510000129 N/A 06/01/2010 N 14,642,952.96 14,636,298.97 04/01/2003
503000023 N/A 02/01/2011 N 14,228,398.16 14,218,622.32 04/01/2003
265950381 N/A 01/01/2011 N 14,250,000.00 14,250,000.00 04/01/2003
265950457 N/A 03/01/2011 N 12,573,459.12 12,564,744.20 04/01/2003
265950614 N/A 05/01/2011 N 12,400,000.00 12,400,000.00 04/01/2003
265950322 N/A 12/01/2010 N 12,191,971.24 12,185,230.29 04/01/2003
265950611 N/A 11/01/2009 N 11,810,998.05 11,803,194.61 04/01/2003
503000029 N/A 04/01/2011 N 11,696,730.34 11,688,654.47 04/01/2003
265950533 N/A 04/01/2011 N 9,947,505.40 9,940,411.47 04/01/2003
510000153 N/A 01/01/2011 N 9,634,535.85 9,630,096.88 04/01/2003
265950386 N/A 01/01/2011 N 9,500,000.00 9,500,000.00 04/01/2003
265950400 N/A 01/01/2011 N 9,320,787.69 9,314,559.06 04/01/2003
265950450 N/A 02/01/2011 N 9,212,985.84 9,201,836.37 04/01/2003
510000169 N/A 04/01/2011 N 9,279,119.15 9,272,730.82 04/01/2003
265950449 N/A 02/01/2011 N 9,019,028.12 9,008,113.37 04/01/2003
510000128 N/A 06/01/2010 N 8,833,105.91 8,828,666.82 04/01/2003
265330988 N/A 11/01/2010 N 7,950,866.80 7,946,132.16 04/01/2003
510000151 N/A 12/01/2010 N 7,949,357.37 7,948,392.40 04/01/2003
265950566 N/A 05/01/2011 N 6,510,221.53 6,462,762.89 04/01/2003
265330998 11/01/2010 11/01/2030 N 7,373,260.61 7,369,350.10 04/01/2003
265330995 N/A 10/01/2010 N 7,359,784.44 7,355,452.84 04/01/2003
265950562 N/A 05/01/2011 N 6,336,615.62 6,290,422.55 04/01/2003
265950619 N/A 05/01/2011 N 7,241,000.00 7,241,000.00 04/01/2003
265330972 N/A 11/01/2010 N 6,426,181.77 6,420,287.12 04/01/2003
265950561 N/A 05/01/2011 N 5,642,191.98 5,601,061.16 04/01/2003
265950377 N/A 01/01/2011 N 6,250,000.00 6,250,000.00 04/01/2003
265950384 N/A 01/01/2011 N 6,250,000.00 6,250,000.00 04/01/2003
510000168 N/A 04/01/2011 N 5,899,605.92 5,895,636.96 04/01/2003
510000148 N/A 10/01/2010 N 5,792,066.41 5,789,155.83 04/01/2003
510000144 N/A 10/01/2010 N 5,606,405.85 5,603,637.14 04/01/2003
265950348 N/A 01/01/2011 N 5,303,769.11 5,300,478.14 04/01/2003
265950458 N/A 02/01/2011 N 5,267,994.10 5,264,767.57 04/01/2003
265950395 N/A 03/01/2011 N 5,240,256.16 5,237,078.64 04/01/2003
265950387 N/A 01/01/2011 N 5,250,000.00 5,250,000.00 04/01/2003
510000163 N/A 02/01/2011 N 5,154,242.00 5,150,821.05 04/01/2003
265950456 N/A 03/01/2011 N 5,110,919.43 5,107,517.64 04/01/2003
265330973 N/A 11/01/2010 N 5,075,710.15 5,071,054.28 04/01/2003
265950321 N/A 12/01/2010 N 4,934,966.88 4,932,202.74 03/01/2003
510000156 N/A 01/01/2011 N 4,897,817.00 4,894,193.85 04/01/2003
265950435 N/A 02/01/2011 N 4,881,950.24 4,878,877.74 04/01/2003
510000152 N/A 01/01/2011 N 4,859,228.52 4,856,098.29 04/01/2003
265950390 N/A 02/01/2011 N 4,814,545.58 4,811,533.64 04/01/2003
265950444 N/A 04/01/2011 N 4,794,380.52 4,791,448.77 04/01/2003
265950382 N/A 01/01/2011 N 4,750,000.00 4,750,000.00 04/01/2003
510000159 N/A 01/01/2011 N 4,620,971.23 4,618,317.66 04/01/2003
265950349 N/A 01/01/2011 N 4,419,807.60 4,417,065.13 04/01/2003
265950565 N/A 05/01/2011 N 3,645,724.11 3,619,147.28 04/01/2003
510000145 10/01/2010 10/01/2030 N 4,055,882.68 4,053,621.60 04/01/2003
503000070 N/A 01/01/2011 N 4,004,859.03 4,002,485.88 04/01/2003
603000071 N/A 01/01/2011 N 3,926,230.98 3,923,682.99 04/01/2003
265950317 N/A 03/01/2011 N 3,632,699.13 3,630,755.17 04/01/2003
825999645 N/A 06/01/2013 N 2,979,863.56 2,963,175.49 04/01/2003
265950370 N/A 11/01/2005 N 3,244,099.42 3,242,373.12 04/01/2003
510000164 N/A 02/01/2011 N 3,190,721.26 3,188,603.53 03/01/2003
265950372 N/A 11/01/2010 N 3,158,170.52 3,156,533.08 04/01/2003
265950560 N/A 05/01/2011 N 2,604,088.67 2,585,105.22 04/01/2003
265950563 N/A 05/01/2011 N 2,604,088.67 2,585,105.22 04/01/2003
265950459 N/A 02/01/2011 N 2,883,000.85 2,881,159.13 04/01/2003
265950422 N/A 02/01/2011 N 2,838,898.27 2,835,788.37 04/01/2003
510000161 N/A 02/01/2011 N 2,803,590.97 2,801,992.31 04/01/2003
825999649 N/A 06/01/2013 N 2,373,206.40 2,359,829.95 04/01/2003
265950365 N/A 02/01/2011 N 2,323,052.39 2,321,566.17 04/01/2003
265950328 N/A 02/01/2011 N 2,316,570.10 2,315,014.62 04/01/2003
265950481 N/A 03/01/2011 N 2,262,418.47 2,260,999.67 04/01/2003
265950431 N/A 02/01/2011 N 2,212,507.51 2,211,205.59 04/01/2003
510000158 N/A 01/01/2011 N 2,123,680.44 2,122,460.93 04/01/2003
265330960 N/A 01/01/2011 N 2,112,777.31 2,111,515.59 04/01/2003
265950559 N/A 05/01/2011 N 1,822,861.94 1,809,573.52 04/01/2003
265950369 N/A 01/01/2011 N 2,000,000.00 2,000,000.00 04/01/2003
265330945 N/A 04/01/2011 N 1,969,311.20 1,968,125.38 04/01/2003
510000157 N/A 01/01/2011 N 1,941,791.08 1,940,676.01 04/01/2003
825999532 N/A 06/01/2013 N 1,536,868.71 1,528,285.14 04/01/2003
510000154 N/A 01/01/2011 N 1,671,414.99 1,670,455.18 04/01/2003
510000149 N/A 11/01/2010 N 1,674,298.40 1,673,539.86 03/01/2003
825999737 N/A 06/01/2013 N 1,429,389.94 1,421,329.62 04/01/2003
825999799 N/A 06/01/2013 N 1,330,039.50 1,322,509.75 04/01/2003
265950312 N/A 10/01/2010 N 1,448,447.07 1,447,716.69 04/01/2003
265950564 N/A 05/01/2011 N 1,215,241.38 1,206,382.44 04/01/2003
265950440 N/A 02/01/2011 N 1,258,548.30 1,257,801.94 04/01/2003
265950353 N/A 11/01/2010 N 1,241,397.68 1,240,728.28 04/01/2003
265950367 N/A 12/01/2010 N 1,187,012.44 1,186,410.74 04/01/2003
265330909 N/A 01/01/2006 N 886,578.57 886,147.61 04/01/2003
265950423 N/A 02/01/2011 N 870,588.70 870,092.27 04/01/2003
265950429 N/A 01/01/2011 N 854,496.04 853,965.82 04/01/2003
265950409 N/A 02/01/2011 N 655,377.01 655,060.74 04/01/2003
265950428 N/A 02/01/2011 N 510,349.47 510,095.78 04/01/2003
825999649 N/A 06/01/2013 N 1,323,810.78 1,331,343.26 04/01/2003
Totals 985,425,685.10 984,642,794.38
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
04/14/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
03/14/2003 1 $3,158,170.52 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
02/14/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
01/14/2003 1 $3,163,536.46 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
12/13/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
11/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
10/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
09/13/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
08/14/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
07/12/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
06/14/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
05/14/2002 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
04/14/2003 0 $0.00 0 $0.00
03/14/2003 0 $0.00 0 $0.00
02/14/2003 0 $0.00 0 $0.00
01/14/2003 0 $0.00 0 $0.00
12/13/2002 0 $0.00 0 $0.00
11/15/2002 0 $0.00 0 $0.00
10/15/2002 0 $0.00 0 $0.00
09/13/2002 0 $0.00 0 $0.00
08/14/2002 0 $0.00 0 $0.00
07/12/2002 0 $0.00 0 $0.00
06/14/2002 0 $0.00 0 $0.00
05/14/2002 0 $0.00 0 $0.00
Rate and Maturities
Distribution Next Weighted Avg. WAM
Date Coupon Remit
04/14/2003 7.662268% 7.606499% 92
03/14/2003 7.662158% 7.606390% 93
02/14/2003 7.662109% 7.606341% 94
01/14/2003 7.662001% 7.606233% 95
12/13/2002 7.661893% 7.606125% 96
11/15/2002 7.661806% 7.606039% 97
10/15/2002 7.661669% 7.605932% 98
09/13/2002 7.661613% 7.605847% 99
08/14/2002 7.661508% 7.605742% 100
07/12/2002 7.661403% 7.605638% 101
06/14/2002 7.661319% 7.605554% 102
05/14/2002 7.661216% 7.605451% 103
<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>
265950321 59 0 03/01/2003 36,979.91 36,979.91 B
510000164 75 0 03/01/2003 22,551.64 22,551.64 B
510000149 95 0 03/01/2003 13,283.22 13,283.22 B
Totals 3 72,814.77 72,814.77
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>
265950321 4,934,966.88 0.00
510000164 3,190,721.26 0.00
510000149 1,674,298.40 0.00
Totals 9,799,986.54 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) 72,814.77 72,814.77 9,799,986.54 0.00
(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.
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