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 : February 17, 2004
(Date of earliest event reported)
Commission File No.: 333-83930-05
Wachovia Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2003-C5
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
54-2120456
54-2120457
54-2120458
(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 February 17, 2004 a distribution was made to holders of Wachovia
Commercial Mortgage Securities, Inc.,Commercial Mortgage Pass-Through
Certificates, Series 2003-C5.
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 2003-C5, relating to the
February 17, 2004 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 2003-C5
By: Wells Fargo Bank Minnesota, N.A., as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: February 17, 2004
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial Mortgage
Pass-Through Certificates, Series 2003-C5, relating to the
February 17, 2004 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 2003-C5
For Additional Information, please contact
CTSLink Customer Service
(301) 815-6600
Reports Available on the World Wide Web
@ www.ctslink.com/cmbs
Payment Date: 02/17/2004
Record Date: 01/30/2004
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 - 16
Mortgage Loan Detail 17 - 21
Principal Prepayment Detail 22
Historical Detail 23
Delinquency Loan Detail 24 - 26
Specially Serviced Loan Detail 27 - 28
Modified Loan Detail 29
Liquidated Loan Detail 30
Depositor
Wachovia Commercial Mortgage
Securities, Inc.
301 South College Street
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
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 2004, 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 929766GR8 2.986000% 226,000,000.00 221,273,360.52 763,529.06
A-2 929766GS6 3.989000% 439,721,000.00 439,721,000.00 0.00
A1-A 929766GZ0 3.812000% 301,015,000.00 299,274,018.11 293,725.53
B 929766GT4 4.107000% 40,531,000.00 40,531,000.00 0.00
C 929766GU1 4.139000% 15,011,000.00 15,011,000.00 0.00
D 929766HB2 4.168000% 31,524,000.00 31,524,000.00 0.00
E 929766HD8 4.228000% 10,508,000.00 10,508,000.00 0.00
F 929766HF3 4.535000% 16,513,000.00 16,513,000.00 0.00
G 929766HH9 4.634000% 19,515,000.00 19,515,000.00 0.00
H 929766HK2 5.178000% 19,515,000.00 19,515,000.00 0.00
J 929766HM8 4.298000% 22,517,000.00 22,517,000.00 0.00
K 929766HP1 4.298000% 12,009,000.00 12,009,000.00 0.00
L 929766HR7 4.298000% 6,005,000.00 6,005,000.00 0.00
M 929766HT3 4.298000% 6,004,000.00 6,004,000.00 0.00
N 929766HV8 4.298000% 6,005,000.00 6,005,000.00 0.00
O 929766HX4 4.298000% 4,503,000.00 4,503,000.00 0.00
P 929766HZ9 4.298000% 24,018,922.87 24,018,922.87 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 1,200,914,922.87 1,194,447,301.50 1,057,254.59
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 929766GR8 550,601.88 0.00 0.00 1,314,130.94 220,509,831.46 19.62%
A-2 929766GS6 1,461,705.89 0.00 0.00 1,461,705.89 439,721,000.00 19.62%
A1-A 929766GZ0 950,693.80 0.00 0.00 1,244,419.33 298,980,292.58 19.62%
B 929766GT4 138,717.35 0.00 0.00 138,717.35 40,531,000.00 16.23%
C 929766GU1 51,775.44 0.00 0.00 51,775.44 15,011,000.00 14.97%
D 929766HB2 109,493.36 0.00 0.00 109,493.36 31,524,000.00 12.33%
E 929766HD8 37,023.19 0.00 0.00 37,023.19 10,508,000.00 11.45%
F 929766HF3 62,405.38 0.00 0.00 62,405.38 16,513,000.00 10.06%
G 929766HH9 75,360.43 0.00 0.00 75,360.43 19,515,000.00 8.43%
H 929766HK2 84,207.23 0.00 0.00 84,207.23 19,515,000.00 6.79%
J 929766HM8 80,648.39 0.00 0.00 80,648.39 22,517,000.00 4.91%
K 929766HP1 43,012.24 0.00 0.00 43,012.24 12,009,000.00 3.90%
L 929766HR7 21,507.91 0.00 0.00 21,507.91 6,005,000.00 3.40%
M 929766HT3 21,504.33 0.00 0.00 21,504.33 6,004,000.00 2.89%
N 929766HV8 21,507.91 0.00 0.00 21,507.91 6,005,000.00 2.39%
O 929766HX4 16,128.24 0.00 0.00 16,128.24 4,503,000.00 2.01%
P 929766HZ9 86,027.78 0.00 0.00 86,027.78 24,018,922.87 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 3,812,320.75 0.00 0.00 4,869,575.34 1,193,390,046.91
Original Beginning
Pass-Through Notional Notional
Class CUSIP Rate Amount Amount
<s> <c> <c> <c> <c>
XC 929766GV9 0.083993% 1,200,914,922.87 1,194,447,301.50
XP 929766GX5 1.732995% 1,154,968,000.00 1,148,031,000.00
Ending
Interest Prepayment Total Notional
Class CUSIP Distribution Penalties Distribution Amount
<s> <c> <c> <c> <c> <c>
XC 929766GV9 83,603.95 0.00 83,603.95 1,193,390,046.91
XP 929766GX5 1,657,943.22 0.00 1,657,943.22 1,148,031,000.00
<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 929766GR8 979.08566602 3.37844717 2.43629150 0.00000000 0.00000000 975.70721885
A-2 929766GS6 1,000.00000000 0.00000000 3.32416666 0.00000000 0.00000000 1,000.00000000
A1-A 929766GZ0 994.21629523 0.97578370 3.15829377 0.00000000 0.00000000 993.24051154
B 929766GT4 1,000.00000000 0.00000000 3.42250006 0.00000000 0.00000000 1,000.00000000
C 929766GU1 1,000.00000000 0.00000000 3.44916661 0.00000000 0.00000000 1,000.00000000
D 929766HB2 1,000.00000000 0.00000000 3.47333333 0.00000000 0.00000000 1,000.00000000
E 929766HD8 1,000.00000000 0.00000000 3.52333365 0.00000000 0.00000000 1,000.00000000
F 929766HF3 1,000.00000000 0.00000000 3.77916672 0.00000000 0.00000000 1,000.00000000
G 929766HH9 1,000.00000000 0.00000000 3.86166692 0.00000000 0.00000000 1,000.00000000
H 929766HK2 1,000.00000000 0.00000000 4.31500026 0.00000000 0.00000000 1,000.00000000
J 929766HM8 1,000.00000000 0.00000000 3.58166674 0.00000000 0.00000000 1,000.00000000
K 929766HP1 1,000.00000000 0.00000000 3.58166708 0.00000000 0.00000000 1,000.00000000
L 929766HR7 1,000.00000000 0.00000000 3.58166694 0.00000000 0.00000000 1,000.00000000
M 929766HT3 1,000.00000000 0.00000000 3.58166722 0.00000000 0.00000000 1,000.00000000
N 929766HV8 1,000.00000000 0.00000000 3.58166694 0.00000000 0.00000000 1,000.00000000
O 929766HX4 1,000.00000000 0.00000000 3.58166556 0.00000000 0.00000000 1,000.00000000
P 929766HZ9 1,000.00000000 0.00000000 3.58166686 0.00000000 0.00000000 1,000.00000000
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
XC 929766GV9 994.61442168 0.06961688 0.00000000 993.73404742
XP 929766GX5 993.99377299 1.43548845 0.00000000 993.99377299
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 2,161,420.97
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
Current Period Accrued Servicing Fees 46,326.44
Less Delinquent Servicing Fees 13,452.22
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 19,016.57
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 51,890.79
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-1 550,601.88 0.00 0.00 550,601.88 0.00 0.00 550,601.88 0.00
A-2 1,461,705.89 0.00 0.00 1,461,705.89 0.00 0.00 1,461,705.89 0.00
A1-A 950,693.80 0.00 0.00 950,693.80 0.00 0.00 950,693.80 0.00
XC 83,603.95 0.00 0.00 83,603.95 0.00 0.00 83,603.95 0.00
XP 1,657,943.22 0.00 0.00 1,657,943.22 0.00 0.00 1,657,943.22 0.00
B 138,717.35 0.00 0.00 138,717.35 0.00 0.00 138,717.35 0.00
C 51,775.44 0.00 0.00 51,775.44 0.00 0.00 51,775.44 0.00
D 109,493.36 0.00 0.00 109,493.36 0.00 0.00 109,493.36 0.00
E 37,023.19 0.00 0.00 37,023.19 0.00 0.00 37,023.19 0.00
F 62,405.38 0.00 0.00 62,405.38 0.00 0.00 62,405.38 0.00
G 75,360.43 0.00 0.00 75,360.43 0.00 0.00 75,360.43 0.00
H 84,207.23 0.00 0.00 84,207.23 0.00 0.00 84,207.23 0.00
J 80,648.39 0.00 0.00 80,648.39 0.00 0.00 80,648.39 0.00
K 43,012.24 0.00 0.00 43,012.24 0.00 0.00 43,012.24 0.00
L 21,507.91 0.00 0.00 21,507.91 0.00 0.00 21,507.91 0.00
M 21,504.33 0.00 0.00 21,504.33 0.00 0.00 21,504.33 0.00
N 21,507.91 0.00 0.00 21,507.91 0.00 0.00 21,507.91 0.00
O 16,128.25 0.00 0.00 16,128.25 0.00 0.00 16,128.24 0.00
P 86,027.78 0.00 0.00 86,027.78 0.00 0.00 86,027.78 0.00
Total 5,553,867.93 0.00 0.00 5,553,867.93 0.00 0.00 5,553,867.92 0.00
Other Required Information
<s> <c>
Available Distribution Amount (1) 6,611,122.51
Aggregate Number of Outstanding Loans 152
Aggregate Stated Principal Balance of Loans Before Distribution 1,194,447,301.50
Aggregate Stated Principal Balance of Loans After Distribution 1,193,390,046.91
Aggregate Unpaid Principal Balance of Loans 1,193,742,660.91
Aggregate Amount of Servicing Fee 51,890.79
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 2,090.28
Aggregate Trust Fund Expenses 0.00
Interest Reserve Deposit 181,061.06
Interest Reserve Withdrawal 0.00
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 5,783,345.71
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 5,783,345.71
Principal:
Scheduled Principal 1,057,254.59
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 1,057,254.59
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 6,840,600.30
Total Funds Distributed
Fees:
Master Servicing Fee 46,326.44
Trustee Fee 2,090.28
Certificate Administration Fee 0.00
Insurer Fee 0.00
Miscellaneous Fee 0.00
Total Fees 48,416.73
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 181,061.06
Payments to Certificateholders & Others:
Interest Distribution 5,553,867.92
Principal Distribution 1,057,254.59
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 6,611,122.51
Total Funds Distributed 6,840,600.30
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 929766GR8 X Aaa AAA X Aaa AAA
A-2 929766GS6 X Aaa AAA X Aaa AAA
A1-A 929766GZ0 X Aaa AAA X Aaa AAA
XC 929766GV9 X Aaa AAA X Aaa AAA
XP 929766GX5 X Aaa AAA X Aaa AAA
B 929766GT4 X Aa2 AA X Aa2 AA
C 929766GU1 X Aa3 AA- X Aa3 AA-
D 929766HB2 X A2 A X A2 A
E 929766HD8 X A3 A- X A3 A-
F 929766HF3 X Baa1 BBB+ X Baa1 BBB+
G 929766HH9 X Baa2 BBB X Baa2 BBB
H 929766HK2 X Baa3 BBB- X Baa3 BBB-
J 929766HM8 X Ba1 BB+ X Ba1 BB+
K 929766HP1 X Ba2 BB X Ba2 BB
L 929766HR7 X Ba3 BB- X Ba3 BB-
M 929766HT3 X B1 B+ X B1 B+
N 929766HV8 X B2 B X B2 B
O 929766HX4 X B3 B- X B3 B-
P 929766HZ9 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
Aggregate Pool
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 28 43,158,659.69 3.62 119 6.0258 1.455615
2,000,001 to 3,000,000 14 34,378,123.69 2.88 123 5.9696 1.512885
3,000,001 to 4,000,000 20 69,937,002.33 5.86 119 5.7924 1.430208
4,000,001 to 5,000,000 13 58,320,137.42 4.89 131 5.7964 1.429478
5,000,001 to 6,000,000 11 61,728,846.73 5.17 109 5.6482 1.491763
6,000,001 to 7,000,000 13 85,744,329.07 7.18 109 5.7047 1.446437
7,000,001 to 8,000,000 8 58,317,416.15 4.89 103 5.5721 1.497071
8,000,001 to 9,000,000 4 33,761,762.93 2.83 90 5.3055 1.545336
9,000,001 to 10,000,000 3 28,996,939.00 2.43 112 5.5819 1.398696
10,000,001 to 15,000,000 17 215,955,778.91 18.10 98 5.5238 1.406452
15,000,001 to 20,000,000 11 182,468,043.68 15.29 106 5.7431 1.378473
20,000,001 to 25,000,000 4 89,981,193.36 7.54 109 5.6530 1.420663
25,000,001 to 30,000,000 3 81,579,647.78 6.84 99 5.0127 1.811301
30,000,001 to 35,000,000 1 35,000,000.00 2.93 108 5.6700 2.020000
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 44,641,133.76 3.74 111 6.0800 1.130000
45,000,001 to 65,000,000 0 0.00 0.00 0 0.0000 0.000000
65,000,001 and greater 1 69,421,032.41 5.82 112 5.4200 3.360000
Totals 152 1,193,390,046.91 100.00 108 5.6283 1.575030
State(3)
% Of
# of Scheduled Agg. WAM Weighted
State Props Balance Bal. (2) WAC Avg DSCR(1)
<s> <c> <c> <c> <c> <c> <c>
Alaska 1 8,797,916.15 0.74 62 5.4500 1.690000
Arizona 7 56,042,959.21 4.70 97 5.3843 1.401709
California 21 164,336,485.70 13.77 99 5.6193 1.360312
Colorado 8 57,122,239.27 4.79 107 5.6046 1.290466
Connecticut 1 7,362,723.84 0.62 108 5.8900 1.410000
Delaware 2 19,429,137.24 1.63 111 5.4419 1.439135
Florida 22 125,246,416.14 10.50 107 5.5852 1.547282
Georgia 5 17,727,517.16 1.49 125 5.7368 1.430354
Illinois 6 36,617,972.77 3.07 111 5.6193 1.427142
Iowa 1 7,833,698.11 0.66 111 5.8600 1.410000
Kansas 1 20,503,088.87 1.72 106 5.6400 1.380000
Maryland 4 23,538,270.14 1.97 124 6.1940 1.375329
Massachusetts 2 32,312,593.92 2.71 109 5.9107 1.328956
Michigan 2 11,410,205.19 0.96 111 5.7838 1.514977
Minnesota 1 1,524,015.73 0.13 171 5.5000 1.170000
Missouri 1 2,138,204.39 0.18 110 5.5700 1.390000
Nebraska 1 3,754,858.78 0.31 110 6.0000 1.140000
Nevada 5 35,859,245.71 3.00 119 5.6706 1.410547
New Jersey 1 2,175,409.98 0.18 112 5.8600 1.360000
New Mexico 1 3,263,623.41 0.27 110 5.1600 1.600000
New York 9 109,258,152.97 9.16 112 5.8387 1.701893
North Carolina 7 49,145,085.03 4.12 122 5.6253 1.376219
North Dakota 2 12,825,132.99 1.07 111 5.2416 1.489588
Oregon 3 92,607,045.72 7.76 109 5.4868 2.886233
Pennsylvania 4 60,495,807.73 5.07 111 5.9415 1.250049
South Carolina 3 29,062,970.98 2.44 83 4.3740 2.812671
Tennessee 1 4,356,086.37 0.37 110 5.6200 1.620000
Texas 16 69,287,181.11 5.81 112 5.7533 1.478569
Virginia 7 29,568,385.69 2.48 111 5.7446 1.499509
Washington 3 19,647,349.95 1.65 102 5.6535 0.951957
Washington,DC 4 65,269,362.88 5.47 111 5.5375 1.377967
Wisconsin 2 14,870,903.78 1.25 111 5.7500 1.320000
Totals 154 1,193,390,046.91 100.00 108 5.6283 1.575030
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>
1.04 or less 7 34,046,499.03 2.85 131 6.0186 0.894896
1.05 to 1.09 1 6,493,805.99 0.54 110 5.5700 1.090000
1.10 to 1.14 4 53,439,667.94 4.48 113 6.1108 1.129333
1.15 to 1.19 6 44,977,533.01 3.77 132 5.9292 1.162926
1.20 to 1.24 4 39,204,064.21 3.29 122 5.7803 1.225205
1.25 to 1.29 8 70,800,721.04 5.93 105 5.6702 1.282631
1.30 to 1.34 12 88,939,656.31 7.45 108 5.7161 1.322041
1.35 to 1.39 23 209,342,594.90 17.54 109 5.5900 1.364906
1.40 to 1.44 13 118,139,697.67 9.90 108 5.7104 1.410999
1.45 to 1.49 20 141,303,232.14 11.84 99 5.5593 1.467097
1.50 to 1.54 11 55,158,066.33 4.62 93 5.5411 1.518522
1.55 to 1.59 11 48,953,615.24 4.10 106 5.6417 1.566540
1.60 to 1.64 7 25,235,181.83 2.11 111 5.5018 1.628177
1.65 to 1.69 7 51,577,472.84 4.32 102 5.6796 1.683617
1.70 to 1.74 2 6,634,987.50 0.56 90 5.3974 1.716411
1.75 to 1.79 4 21,772,340.74 1.82 111 5.6349 1.769197
1.80 to 1.84 2 16,200,883.84 1.36 110 5.8796 1.835684
1.85 to 1.89 1 1,570,599.96 0.13 112 5.2900 1.860000
1.90 to 1.99 3 16,663,664.94 1.40 110 5.5854 1.947675
2.00 to 2.19 3 41,674,999.31 3.49 108 5.6615 2.040449
2.20 to 2.29 0 0.00 0.00 0 0.0000 0.000000
2.30 or greater 3 101,260,762.14 8.49 103 5.0453 3.207879
Totals 152 1,193,390,046.91 100.00 108 5.6283 1.575030
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 6 39,442,353.23 3.31 105 5.9857 1.383553
Lodging 1 10,231,677.07 0.86 112 5.7300 1.770000
Mixed Use 3 25,718,377.68 2.16 83 5.5587 1.426005
Mobile Home Park 9 27,550,538.55 2.31 107 5.4506 1.580562
Multi-Family 42 327,154,341.90 27.41 110 5.4778 1.398907
Office 28 335,270,679.81 28.09 104 5.7477 1.443796
Retail 59 402,753,937.81 33.75 111 5.6140 1.857853
Self Storage 6 25,268,140.86 2.12 111 5.8855 1.454255
Totals 154 1,193,390,046.91 100.00 108 5.6283 1.575030
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>
5.249% or less 15 152,221,703.13 12.76 92 4.9443 1.742161
5.250% to 5.499% 28 278,958,534.49 23.38 108 5.4132 1.910153
5.500% to 5.749% 42 362,974,973.66 30.42 105 5.6175 1.458656
5.750% to 5.999% 38 245,237,360.41 20.55 112 5.8541 1.461204
6.000% to 6.249% 15 97,620,157.15 8.18 112 6.0859 1.242443
6.250% to 6.499% 5 28,391,929.20 2.38 123 6.3476 1.362476
6.500% to 6.749% 1 6,418,195.13 0.54 110 6.5000 1.330000
6.750% to 6.999% 3 7,279,144.76 0.61 199 6.8832 1.138807
7.000% to 7.249% 1 5,403,424.48 0.45 94 7.1500 1.210000
7.250% to 7.499% 1 3,068,425.20 0.26 180 7.3500 1.010000
7.500% to 8.499% 0 0.00 0.00 0 0.0000 0.000000
8.500% to 8.749% 2 2,985,517.89 0.25 174 8.6250 1.360682
8.750% to 9.249% 0 0.00 0.00 0 0.0000 0.000000
9.250% or greater 1 2,830,681.41 0.24 271 9.3100 1.160000
Totals 152 1,193,390,046.91 100.00 108 5.6283 1.575030
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 84 587,144,885.49 49.20 108 5.6433 1.434305
1 year or less 68 606,245,161.42 50.80 108 5.6138 1.711323
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 152 1,193,390,046.91 100.00 108 5.6283 1.575030
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 4 23,369,096.89 1.96 49 5.5202 1.483213
61 to 84 months 8 92,119,553.42 7.72 74 4.8575 1.884564
85 to 108 months 23 234,656,984.99 19.66 102 5.7864 1.464309
109 to 120 months 104 811,116,710.10 67.97 111 5.6300 1.589270
121 to 156 months 0 0.00 0.00 0 0.0000 0.000000
157 to 168 months 1 1,601,637.56 0.13 160 8.6250 1.560000
169 to 180 months 1 3,068,425.20 0.26 180 7.3500 1.010000
181 to 192 months 1 1,383,880.33 0.12 190 8.6250 1.130000
193 to 204 months 0 0.00 0.00 0 0.0000 0.000000
205 to 240 months 0 0.00 0.00 0 0.0000 0.000000
241 to 276 months 1 2,830,681.41 0.24 271 9.3100 1.160000
277 to 288 months 0 0.00 0.00 0 0.0000 0.000000
289 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 143 1,170,146,969.90 98.05 106 5.6194 1.582199
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 2 1,064,943.43 0.09 110 5.9100 1.576300
121 to 192 months 2 3,145,910.38 0.26 176 6.1960 1.097822
193 to 264 months 5 19,032,223.20 1.59 225 6.0642 1.213097
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 9 23,243,077.01 1.95 213 6.0749 1.214136
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 1 25,900,000.00 2.17 76 4.0400 2.990000
120 months or less 0 0.00 0.00 0 0.0000 0.000000
121 to 192 months 3 3,943,995.21 0.33 110 5.9100 1.490911
193 to 264 months 7 18,161,240.10 1.52 122 6.0237 1.430498
265 to 336 months 22 134,346,607.20 11.26 111 5.9123 1.583899
337 months or greater 110 987,795,127.39 82.77 106 5.6124 1.548209
Totals 143 1,170,146,969.90 98.05 106 5.6194 1.582199
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 135 1,094,666,413.31 91.73 107 5.5679 1.595036
13 to 24 months 11 80,392,403.85 6.74 107 6.0124 1.408766
25 to 36 months 2 6,787,304.81 0.57 114 7.4507 1.193689
37 to 48 months 1 2,830,681.41 0.24 271 9.3100 1.160000
49 months and greater 3 8,713,243.53 0.73 210 7.0538 1.027574
Totals 152 1,193,390,046.91 100.00 108 5.6283 1.575030
<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>
Current Mortgage Loan and Property Stratification Tables
Group 1
<caption>
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 19 28,471,260.31 2.39 38 6.0096 1.414298
2,000,001 to 3,000,000 10 23,744,576.01 1.99 41 5.7437 1.557321
3,000,001 to 4,000,000 13 45,458,849.14 3.81 41 5.9665 1.453205
4,000,001 to 5,000,000 10 44,079,188.42 3.69 44 5.9466 1.451239
5,000,001 to 6,000,000 8 45,385,976.77 3.80 36 5.7563 1.483024
6,000,001 to 7,000,000 8 53,446,728.15 4.48 36 5.9114 1.392181
7,000,001 to 8,000,000 4 29,791,541.55 2.50 32 5.8201 1.408002
8,000,001 to 9,000,000 3 25,011,762.93 2.10 31 5.4124 1.557698
9,000,001 to 10,000,000 2 19,626,820.43 1.64 37 5.5494 1.455363
10,000,001 to 15,000,000 12 149,587,523.22 12.53 32 5.5749 1.420612
15,000,001 to 20,000,000 11 182,468,043.68 15.29 35 5.7431 1.378473
20,000,001 to 25,000,000 2 45,374,749.96 3.80 37 5.7667 1.540318
25,000,001 to 30,000,000 2 52,900,000.00 4.43 31 4.9383 2.055974
30,000,001 to 35,000,000 1 35,000,000.00 2.93 36 5.6700 2.020000
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 44,641,133.76 3.74 37 6.0800 1.130000
45,000,001 to 65,000,000 0 0.00 0.00 0 0.0000 0.000000
65,000,001 or greater 1 69,421,032.41 5.82 37 5.4200 3.360000
Totals 107 894,409,186.74 74.95 107 5.6871 1.627384
State(3)
% Of
# of Scheduled Agg. WAM Weighted
State Props Balance Bal. (2) WAC Avg DSCR(1)
<s> <c> <c> <c> <c> <c> <c>
Alaska 1 8,797,916.15 0.74 62 5.450000 1.6900
Arizona 3 14,044,133.01 1.18 77 5.521969 1.5388
California 14 135,780,715.92 11.38 98 5.667808 1.3408
Colorado 8 57,122,239.27 4.79 107 5.604636 1.2905
Connecticut 1 7,362,723.84 0.62 108 5.890000 1.4100
Florida 15 79,294,844.41 6.64 106 5.770498 1.5886
Georgia 4 16,322,795.10 1.37 126 5.731317 1.4381
Illinois 6 36,617,972.77 3.07 111 5.619321 1.4271
Iowa 1 7,833,698.11 0.66 111 5.860000 1.4100
Maryland 2 18,741,894.65 1.57 103 5.822356 1.4137
Massachusetts 2 32,312,593.92 2.71 109 5.910717 1.3290
Michigan 2 11,410,205.19 0.96 111 5.783762 1.5150
Missouri 1 2,138,204.39 0.18 110 5.570000 1.3900
Nebraska 1 3,754,858.78 0.31 110 6.000000 1.1400
Nevada 4 28,734,636.45 2.41 121 5.737634 1.4107
New Jersey 1 2,175,409.98 0.18 112 5.860000 1.3600
New York 8 99,888,034.40 8.37 112 5.856421 1.7415
North Carolina 4 29,122,736.63 2.44 128 5.617520 1.3786
Oregon 3 92,607,045.72 7.76 109 5.486771 2.8862
Pennsylvania 3 53,314,794.85 4.47 111 6.027957 1.1531
South Carolina 2 27,679,090.65 2.32 78 4.161481 2.8968
Tennessee 1 4,356,086.37 0.37 110 5.620000 1.6200
Texas 11 32,585,035.46 2.73 123 5.995931 1.5772
Virginia 5 24,954,968.75 2.09 112 5.729185 1.5570
Washington 2 17,961,627.17 1.51 101 5.682009 0.8958
Washington,DC 2 34,624,021.02 2.90 111 5.874876 1.3467
Wisconsin 2 14,870,903.78 1.25 111 5.750000 1.3200
Totals 109 894,409,186.74 74.95 107 5.687132 1.6274
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>
1.04 or less 6 31,018,514.89 2.60 133 6.0204 0.882684
1.05 to 1.09 1 6,493,805.99 0.54 110 5.5700 1.090000
1.10 to 1.14 2 48,395,992.54 4.06 111 6.0738 1.130776
1.15 to 1.19 3 35,632,835.87 2.99 110 5.7433 1.160464
1.20 to 1.24 3 15,100,709.68 1.27 140 6.3075 1.217551
1.25 to 1.29 6 49,534,707.40 4.15 111 5.7870 1.281359
1.30 to 1.34 7 58,589,469.79 4.91 110 5.9141 1.321089
1.35 to 1.39 17 133,542,183.48 11.19 111 5.6878 1.364007
1.40 to 1.44 10 93,325,831.22 7.82 107 5.7827 1.410135
1.45 to 1.49 14 103,278,823.21 8.65 97 5.6220 1.461444
1.50 to 1.54 8 41,251,313.76 3.46 94 5.6533 1.520529
1.55 to 1.59 6 31,447,974.60 2.64 100 5.6484 1.560417
1.60 to 1.64 5 14,933,818.63 1.25 110 5.7423 1.628763
1.65 to 1.69 5 43,235,383.87 3.62 101 5.7874 1.685563
1.70 to 1.74 2 6,634,987.50 0.56 90 5.3974 1.716411
1.75 to 1.79 3 15,339,231.04 1.29 112 5.6998 1.764666
1.80 to 1.84 2 16,200,883.84 1.36 110 5.8796 1.835684
1.85 to 1.89 0 0.00 0.00 0 0.0000 0.000000
1.90 to 1.99 2 9,482,652.06 0.79 110 5.8015 1.930770
2.00 to 2.19 2 39,709,305.23 3.33 108 5.6819 2.033045
2.20 to 2.29 0 0.00 0.00 0 0.0000 0.000000
2.30 or greater 3 101,260,762.14 8.49 103 5.0453 3.207879
Totals 107 894,409,186.74 74.95 107 5.6871 1.627384
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 6 39,442,353.23 3.31 105 5.9857 1.383553
Lodging 1 10,231,677.07 0.86 112 5.7300 1.770000
Mixed Use 3 25,718,377.68 2.16 83 5.5587 1.426005
Mobile Home Park 2 4,129,326.41 0.35 111 5.6564 1.807313
Multi-Family 4 51,594,693.87 4.32 110 5.5969 1.350194
Office 28 335,270,679.81 28.09 104 5.7477 1.443796
Retail 59 402,753,937.81 33.75 111 5.6140 1.857853
Self Storage 6 25,268,140.86 2.12 111 5.8855 1.454255
Totals 109 894,409,186.74 74.95 107 5.6871 1.627384
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>
5.249% or less 6 71,847,640.69 6.02 83 4.7500 2.074496
5.250% to 5.499% 10 155,543,803.30 13.03 104 5.4218 2.281941
5.500% to 5.749% 29 278,031,812.62 23.30 104 5.6302 1.480957
5.750% to 5.999% 37 243,832,638.35 20.43 112 5.8544 1.461902
6.000% to 6.249% 14 94,592,173.01 7.93 113 6.0886 1.249564
6.250% to 6.499% 5 28,391,929.20 2.38 123 6.3476 1.362476
6.500% to 6.749% 1 6,418,195.13 0.54 110 6.5000 1.330000
6.750% to 6.999% 3 7,279,144.76 0.61 199 6.8832 1.138807
7.000% to 7.249% 1 5,403,424.48 0.45 94 7.1500 1.210000
7.250% to 7.499% 1 3,068,425.20 0.26 180 7.3500 1.010000
7.500% to 8.499% 0 0.00 0.00 0 0.0000 0.000000
8.500% to 8.749% 0 0.00 0.00 0 0.0000 0.000000
8.750% to 9.249% 0 0.00 0.00 0 0.0000 0.000000
9.250% or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 107 894,409,186.74 74.95 107 5.6871 1.627384
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 58 446,892,709.65 37.45 108 5.6954 1.432571
1 year or less 49 447,516,477.09 37.50 107 5.6788 1.821926
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 107 894,409,186.74 74.95 107 5.6871 1.627384
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 2 18,265,699.27 1.53 48 5.5182 1.499741
61 to 84 months 5 66,676,400.64 5.59 74 4.7638 2.078977
85 to 108 months 20 194,954,185.38 16.34 102 5.8333 1.479896
109 to 120 months 72 594,715,414.97 49.83 111 5.7219 1.643433
121 to 156 months 0 0.00 0.00 0 0.0000 0.000000
157 to 168 months 0 0.00 0.00 0 0.0000 0.000000
169 to 180 months 1 3,068,425.20 0.26 180 7.3500 1.010000
181 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 100 877,680,125.46 73.55 105 5.6753 1.634990
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>
19 months or less 0 0.00 0.00 0 0.0000 0.000000
20 to 39 months 0 0.00 0.00 0 0.0000 0.000000
40 to 59 months 0 0.00 0.00 0 0.0000 0.000000
60 to 79 months 0 0.00 0.00 0 0.0000 0.000000
80 to 99 months 0 0.00 0.00 0 0.0000 0.000000
100 to 109 months 0 0.00 0.00 0 0.0000 0.000000
110 to 139 months 2 1,064,943.43 0.09 110 5.9100 1.576300
140 months or greater 5 15,664,117.85 1.31 229 6.3348 1.204683
Totals 7 16,729,061.28 1.40 222 6.3078 1.228339
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 1 25,900,000.00 2.17 76 4.0400 2.990000
174 months or less 3 3,943,995.21 0.33 110 5.9100 1.490911
175 to 199 months 0 0.00 0.00 0 0.0000 0.000000
200 to 224 months 0 0.00 0.00 0 0.0000 0.000000
225 to 249 months 4 10,470,460.65 0.88 130 6.5103 1.264592
250 to 274 months 0 0.00 0.00 0 0.0000 0.000000
275 to 299 months 13 86,902,392.19 7.28 108 5.7986 1.690014
300 to 324 months 0 0.00 0.00 0 0.0000 0.000000
325 months or greater 79 750,463,277.41 62.88 105 5.7046 1.587780
Totals 100 877,680,125.46 73.55 105 5.6753 1.634990
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 94 822,004,841.31 68.88 106 5.6358 1.651565
13 to 24 months 9 58,287,677.42 4.88 106 6.0716 1.414730
25 to 36 months 1 5,403,424.48 0.45 94 7.1500 1.210000
37 to 48 months 0 0.00 0.00 0 0.0000 0.000000
49 to 60 months 3 8,713,243.53 0.73 210 7.0538 1.027574
61 to 72 months 0 0.00 0.00 0 0.0000 0.000000
73 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 107 894,409,186.74 74.95 107 5.6871 1.627384
Current Mortgage Loan and Property Stratification Tables
Group 2
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 9 14,687,399.38 1.23 43 6.0573 1.535707
2,000,001 to 3,000,000 4 10,633,547.68 0.89 42 6.4741 1.413661
3,000,001 to 4,000,000 7 24,478,153.19 2.05 37 5.4692 1.387502
4,000,001 to 5,000,000 3 14,240,949.00 1.19 43 5.3316 1.362121
5,000,001 to 6,000,000 3 16,342,869.96 1.37 37 5.3478 1.516030
6,000,001 to 7,000,000 5 32,297,600.92 2.71 36 5.3625 1.536220
7,000,001 to 8,000,000 4 28,525,874.60 2.39 37 5.3131 1.590092
8,000,001 to 9,000,000 1 8,750,000.00 0.73 25 5.0000 1.510000
9,000,001 to 10,000,000 1 9,370,118.57 0.79 37 5.6500 1.280000
10,000,001 to 15,000,000 5 66,368,255.69 5.56 34 5.4087 1.374536
15,000,001 to 20,000,000 0 0.00 0.00 0 0.0000 0.000000
20,000,001 to 25,000,000 2 44,606,443.40 3.74 36 5.5373 1.298947
25,000,001 to 30,000,000 1 28,679,647.78 2.40 37 5.1500 1.360000
30,000,001 to 35,000,000 0 0.00 0.00 0 0.0000 0.000000
35,000,001 to 40,000,000 0 0.00 0.00 0 0.0000 0.000000
40,000,001 to 45,000,000 0 0.00 0.00 0 0.0000 0.000000
45,000,001 to 65,000,000 0 0.00 0.00 0 0.0000 0.000000
65,000,001 or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 45 298,980,860.17 25.05 109 5.4523 1.418412
State(3)
% Of
# of Scheduled Agg. WAM Weighted
State Props Balance Bal. (2) WAC Avg DSCR(1)
<s> <c> <c> <c> <c> <c> <c>
Arizona 4 41,998,826.20 3.52 103 5.338289 1.3559
California 7 28,555,769.78 2.39 103 5.388879 1.4530
Delaware 2 19,429,137.24 1.63 111 5.441869 1.4391
Florida 7 45,951,571.73 3.85 107 5.265437 1.4760
Georgia 1 1,404,722.06 0.12 110 5.800000 1.3400
Kansas 1 20,503,088.87 1.72 106 5.640000 1.3800
Maryland 2 4,796,375.49 0.40 205 7.646094 1.2256
Minnesota 1 1,524,015.73 0.13 171 5.500000 1.1700
Nevada 1 7,124,609.26 0.60 110 5.400000 1.4100
New Mexico 1 3,263,623.41 0.27 110 5.160000 1.6000
New York 1 9,370,118.57 0.79 112 5.650000 1.2800
North Carolina 3 20,022,348.40 1.68 114 5.636552 1.3727
North Dakota 2 12,825,132.99 1.07 111 5.241612 1.4896
Pennsylvania 1 7,181,012.88 0.60 111 5.300000 1.9700
South Carolina 1 1,383,880.33 0.12 190 8.625000 1.1300
Texas 5 36,702,145.65 3.08 102 5.537960 1.3910
Virginia 2 4,613,416.94 0.39 110 5.828172 1.1884
Washington 1 1,685,722.78 0.14 112 5.350000 1.5500
Washington,DC 2 30,645,341.86 2.57 110 5.156414 1.4132
Totals 45 298,980,860.17 25.05 109 5.452270 1.4184
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>
1.04 or less 1 3,027,984.14 0.25 110 6.0000 1.020000
1.05 to 1.09 0 0.00 0.00 0 0.0000 0.000000
1.10 to 1.14 2 5,043,675.40 0.42 131 6.4663 1.115488
1.15 to 1.19 3 9,344,697.14 0.78 215 6.6381 1.172311
1.20 to 1.24 1 24,103,354.53 2.02 110 5.4500 1.230000
1.25 to 1.29 2 21,266,013.64 1.78 92 5.3983 1.285594
1.30 to 1.34 5 30,350,186.52 2.54 104 5.3337 1.323878
1.35 to 1.39 6 75,800,411.42 6.35 105 5.4176 1.366491
1.40 to 1.44 3 24,813,866.45 2.08 111 5.4387 1.414250
1.45 to 1.49 6 38,024,408.93 3.19 105 5.3893 1.482452
1.50 to 1.54 3 13,906,752.57 1.17 89 5.2085 1.512568
1.55 to 1.59 5 17,505,640.64 1.47 115 5.6298 1.577541
1.60 to 1.64 2 10,301,363.20 0.86 111 5.1532 1.627327
1.65 to 1.69 2 8,342,088.97 0.70 111 5.1209 1.673528
1.70 to 1.74 0 0.00 0.00 0 0.0000 0.000000
1.75 to 1.79 1 6,433,109.70 0.54 110 5.4800 1.780000
1.80 to 1.84 0 0.00 0.00 0 0.0000 0.000000
1.85 to 1.89 1 1,570,599.96 0.13 112 5.2900 1.860000
1.90 to 1.99 1 7,181,012.88 0.60 111 5.3000 1.970000
2.00 to 2.19 1 1,965,694.08 0.16 109 5.2500 2.190000
2.20 to 2.29 0 0.00 0.00 0 0.0000 0.000000
2.30 or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 45 298,980,860.17 25.05 109 5.4523 1.418412
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>
Mobile Home Park 7 23,421,212.14 1.96 106 5.4143 1.540585
Multi-Family 38 275,559,648.03 23.09 110 5.4555 1.408028
Totals 45 298,980,860.17 25.05 109 5.4523 1.418412
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>
5.249% or less 9 80,374,062.44 6.73 100 5.1179 1.445082
5.250% to 5.499% 18 123,414,731.19 10.34 113 5.4023 1.441576
5.500% to 5.749% 13 84,943,161.04 7.12 105 5.5760 1.385660
5.750% to 5.999% 1 1,404,722.06 0.12 110 5.8000 1.340000
6.000% to 6.249% 1 3,027,984.14 0.25 110 6.0000 1.020000
6.250% to 6.499% 0 0.00 0.00 0 0.0000 0.000000
6.500% to 6.749% 0 0.00 0.00 0 0.0000 0.000000
6.750% to 6.999% 0 0.00 0.00 0 0.0000 0.000000
7.000% to 7.249% 0 0.00 0.00 0 0.0000 0.000000
7.250% to 7.499% 0 0.00 0.00 0 0.0000 0.000000
7.500% to 8.499% 0 0.00 0.00 0 0.0000 0.000000
8.500% to 8.749% 2 2,985,517.89 0.25 174 8.6250 1.360682
8.750% to 9.249% 0 0.00 0.00 0 0.0000 0.000000
9.250% or greater 1 2,830,681.41 0.24 271 9.3100 1.160000
Totals 45 298,980,860.17 25.05 109 5.4523 1.418412
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 26 140,252,175.84 11.75 108 5.4772 1.439828
1 year or less 19 158,728,684.33 13.30 111 5.4303 1.399489
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 45 298,980,860.17 25.05 109 5.4523 1.418412
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 2 5,103,397.62 0.43 51 5.5275 1.424055
61 to 84 months 3 25,443,152.78 2.13 76 5.1029 1.375086
85 to 108 months 3 39,702,799.61 3.33 102 5.5560 1.387771
109 to 120 months 32 216,401,295.13 18.13 111 5.3776 1.440418
121 to 156 months 0 0.00 0.00 0 0.0000 0.000000
157 to 168 months 1 1,601,637.56 0.13 160 8.6250 1.560000
169 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 to 192 months 1 1,383,880.33 0.12 190 8.6250 1.130000
193 to 204 months 0 0.00 0.00 0 0.0000 0.000000
204 to 240 months 0 0.00 0.00 0 0.0000 0.000000
241 to 276 months 1 2,830,681.41 0.24 271 9.3100 1.160000
277 months and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 43 292,466,844.44 24.51 108 5.4517 1.423774
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>
19 months or less 0 0.00 0.00 0 0.0000 0.000000
20 to 39 months 0 0.00 0.00 0 0.0000 0.000000
40 to 59 months 0 0.00 0.00 0 0.0000 0.000000
60 to 79 months 0 0.00 0.00 0 0.0000 0.000000
80 to 99 months 0 0.00 0.00 0 0.0000 0.000000
100 to 109 months 0 0.00 0.00 0 0.0000 0.000000
110 to 139 months 0 0.00 0.00 0 0.0000 0.000000
140 months or greater 2 6,514,015.73 0.55 190 5.4770 1.177660
Totals 2 6,514,015.73 0.55 190 5.4770 1.177660
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>
174 months or less 0 0.00 0.00 0 0.0000 0.000000
175 to 199 months 0 0.00 0.00 0 0.0000 0.000000
200 to 224 months 0 0.00 0.00 0 0.0000 0.000000
225 to 249 months 3 7,690,779.45 0.64 111 5.3612 1.656366
250 to 274 months 0 0.00 0.00 0 0.0000 0.000000
275 to 299 months 4 14,706,228.79 1.23 111 5.5574 1.412712
300 to 324 months 1 2,830,681.41 0.24 271 9.3100 1.160000
325 months or greater 35 267,239,154.79 22.39 106 5.4076 1.420483
Totals 43 292,466,844.44 24.51 108 5.4517 1.423774
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 41 272,661,572.00 22.85 107 5.3634 1.424615
13 to 24 months 2 22,104,726.43 1.85 110 5.8563 1.393042
25 to 36 months 1 1,383,880.33 0.12 190 8.6250 1.130000
37 to 48 months 1 2,830,681.41 0.24 271 9.3100 1.160000
49 to 60 months 0 0.00 0.00 0 0.0000 0.000000
61 to 72 months 0 0.00 0.00 0 0.0000 0.000000
73 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 45 298,980,860.17 25.05 109 5.4523 1.418412
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>
343005011 1 RT Portland OR 324,328.31 69,617.61 5.420%
502767418 2 OF Philadelphia PA 233,921.11 38,195.48 6.080%
502752708 3 OF New York NY 170,887.50 0.00 5.670%
502764101 4 MF Washington DC 127,323.85 31,023.76 5.150%
502756439 5 MF Sacramento CA 134,850.00 0.00 5.800%
502769501 6 RT Columbia SC 87,196.67 0.00 4.040%
502768814 7 OF New York NY 126,718.05 22,046.33 5.930%
502762819 8 MF Glendale AZ 113,228.29 23,418.44 5.450%
310100068 9 RT Lakewood CO 98,812.13 20,151.62 5.570%
801000010 10 MF Overland Park KS 99,675.06 20,258.53 5.640%
502768323 11 OF Washington DC DC 93,663.06 0.00 5.960%
502764302 12 OF Mount Kisco NY 89,838.45 16,236.04 5.840%
701000013 13 OF Lanham MD 84,399.22 0.00 5.725%
502762107 14 MF Framingham MA 80,074.72 0.00 5.470%
701000015 15 RT Henderson NV 78,398.53 17,274.05 5.420%
801000016 16 MU Portland OR 81,048.93 16,215.30 5.650%
701000017 17 OF Washington DC 81,571.96 15,032.25 5.780%
502770417 18 RT San Diego CA 75,943.79 16,095.12 5.450%
502765507 19 RT Parkland FL 77,784.99 14,977.71 5.690%
310100005 20 IN Wilmington MA 84,458.27 12,495.15 6.400%
701000021 21 RT Raleigh NC 75,816.92 14,210.06 5.820%
502764801 22 MF Durham NC 69,233.33 0.00 5.360%
502720204 23 IN Various WI 73,700.13 13,835.80 5.750%
502765003 24 OF San Diego CA 66,066.95 15,929.43 5.160%
701000025 25 OF Tumwater WA 70,492.65 13,573.55 5.690%
502764109 26 MF Christiana DE 65,958.00 14,238.13 5.420%
701000027 27 OF Miami FL 66,992.29 0.00 5.500%
502749415 28 RT Palm Beach Garden FL 71,007.90 12,389.89 5.940%
502765717 29 MF Seabrook TX 62,008.77 12,939.38 5.500%
502764911 30 OF San Diego CA 57,145.98 13,837.43 5.150%
701000031 31 MF Austin TX 58,825.75 12,047.59 5.560%
502769917 32 MF Miami FL 53,323.46 12,569.85 5.200%
502768418 33 OF San Diego CA 57,406.84 11,482.64 5.600%
701000034 34 RT Simi Valley CA 53,005.18 10,560.31 5.660%
502764301 35 RT Fairview Heights IL 50,734.44 10,586.77 5.500%
801000036 36 RT Valencia CA 51,198.44 9,900.16 5.680%
502757713 37 RT Flowery Branch GA 50,461.20 10,161.54 5.600%
502769502 38 LO Norfolk VA 50,556.01 14,431.47 5.730%
310100109 39 OF Northbrook IL 46,358.32 9,824.94 5.450%
801000040 40 OF Sacramento CA 47,522.90 9,190.52 5.650%
701000041 41 MF Halfmoon NY 45,653.49 13,414.27 5.650%
701000042 42 OF Anchorage AK 41,330.72 8,867.20 5.450%
701000043 43 MF Phoenix AZ 37,673.61 0.00 5.000%
310100103 44 OF Ann Arbor MI 39,504.98 7,856.54 5.600%
502766015 45 RT Boone NC 35,853.73 8,524.23 5.180%
801000046 46 OF Des Moines IA 39,565.49 7,090.29 5.860%
801000047 47 MU Tempe AZ 33,876.47 7,817.97 5.310%
701000048 48 RT Westport CT 37,377.63 6,763.38 5.890%
801000049 49 RT Various TX 38,626.61 5,918.62 6.230%
701000050 50 MF Fargo ND 33,432.53 7,278.46 5.400%
502755510 51 MF State College PA 32,807.36 7,452.23 5.300%
801000052 52 MF Las Vegas NV 33,163.22 7,267.00 5.400%
701000053 53 MF Atlantic Beach FL 31,243.79 7,524.08 5.150%
310100060 54 RT Federal Heights CO 33,501.36 6,832.22 5.570%
801000055 55 MF Fairfield CA 31,638.43 7,232.90 5.300%
502754448 56 RT Miami Beach FL 35,774.78 6,148.76 5.990%
701000057 57 RT Mohegan Lake NY 36,841.72 5,940.30 6.180%
502741201 58 OF Harrisburg PA 33,234.67 6,318.79 5.720%
801000059 59 RT Troutdale OR 32,598.95 6,042.73 5.780%
310100063 60 RT Lakewood CO 31,177.32 6,358.26 5.570%
310100099 61 MH Apache Junction AZ 30,004.12 6,495.38 5.400%
410100084 62 MF Pensacola FL 30,387.51 6,437.25 5.480%
310100069 63 SS Chula Vista CA 35,968.39 7,920.08 6.500%
310100050 64 OF Lakeside CO 33,228.64 5,742.14 6.000%
701000065 65 MF Atlantic Beach FL 28,163.41 6,782.27 5.150%
410100105 66 MF Torrance CA 29,100.44 6,063.59 5.490%
502772602 67 SS Fairfax Station VA 28,842.23 8,692.49 5.580%
701000068 68 OF Lone Tree CO 27,666.12 6,117.91 5.350%
502754814 69 OF Bannockburn IL 29,036.67 0.00 5.620%
502759109 70 MF Yorktown Heights NY 25,857.99 6,534.90 5.050%
701000071 71 MF Fargo ND 24,515.98 6,222.35 5.040%
502748108 72 RT Boca Raton FL 28,723.44 0.00 5.930%
701000073 73 OF Sacramento CA 33,292.84 3,938.96 7.150%
310100056 74 MF Dallas TX 25,641.48 5,371.44 5.520%
502761803 75 MF Christiana DE 25,179.32 5,254.17 5.500%
502764713 76 SS Springfield VA 26,699.68 7,346.55 5.870%
701000077 77 OF Wellington FL 25,011.83 0.00 5.640%
701000078 78 MF Brandon FL 23,504.29 0.00 5.470%
502765001 79 MF Miami FL 20,884.50 5,310.55 5.050%
502767415 80 RT Elgin IL 23,915.49 4,340.42 5.830%
310100087 81 RT New York NY 25,977.76 5,983.73 6.350%
701000082 82 RT Plano TX 23,420.37 4,359.73 5.770%
502760701 83 RT Colorado Springs CO 23,451.81 6,384.16 5.900%
801000084 84 RT Lexington NC 22,135.84 9,586.50 5.800%
410100083 85 MF Pensacola FL 21,037.50 4,456.57 5.480%
701000086 86 RT Cordova TN 21,101.43 4,213.57 5.620%
701000087 87 IN Denver CO 19,075.34 6,565.63 5.200%
310100088 88 RT Destin FL 21,894.41 3,449.48 6.150%
502768426 89 RT Las Vegas NV 21,047.76 3,533.81 6.000%
502755914 90 RT Las Vegas NV 23,208.69 7,528.82 6.910%
502768925 91 MF Stockton CA 16,912.91 4,437.89 4.950%
502755808 92 RT Goodyear AZ 19,566.74 3,776.17 5.750%
310100014 93 OF Dallas TX 20,696.83 3,442.84 6.120%
502765720 94 OF Las Vegas NV 18,703.54 3,734.75 5.620%
502749508 95 RT Mount Prospect IL 19,880.36 3,502.11 6.000%
502762508 96 RT Omaha NE 19,417.17 3,303.40 6.000%
310100057 97 MF White Settlement TX 17,823.12 3,534.60 5.650%
701000098 98 RT Bothell WA 17,473.90 3,422.04 5.650%
310100092 99 MH Santa Ana CA 17,207.49 3,436.66 5.590%
310100094 100 MH Santa Ana CA 17,207.49 3,436.66 5.590%
701000101 101 RT Dallas TX 19,051.73 7,458.67 6.250%
502735515 102 MF Greenville NC 16,090.60 7,886.72 5.450%
502765613 103 RT Dickinson TX 16,128.69 3,346.47 5.500%
310100085 104 MH Las Cruces NM 14,517.02 3,522.18 5.160%
502736006 105 IN Menominee MI 17,397.18 6,723.45 6.250%
701000106 106 RT Ft. Lauderdale FL 15,843.60 2,932.50 5.800%
502755923 107 RT Colonie NY 18,830.40 5,926.06 7.350%
502753022 108 SS Brandon FL 14,630.42 3,009.96 5.520%
701000109 109 RT San Jose CA 15,596.18 4,188.10 5.900%
502751738 110 MF Richmond VA 15,658.35 2,663.91 6.000%
128878895 111 MF Aberdeen MD 21,976.94 2,006.84 9.310%
502765330 112 MF Lafayette CA 13,416.37 2,740.95 5.550%
701000113 113 RT Fontana CA 13,863.15 2,565.94 5.800%
310100095 114 MH San Luis AZ 12,325.38 6,266.84 5.290%
801000115 115 RT Mesa AZ 13,403.81 2,480.55 5.770%
502765609 116 RT Lodi CA 13,461.95 5,523.47 6.000%
310100096 117 MH Mesquite TX 11,642.07 2,641.04 5.290%
801000118 118 RT Alpharetta GA 11,802.89 2,202.86 5.750%
502770502 119 SS Oldsmar FL 11,090.80 2,281.75 5.520%
310100089 120 MH McAllen TX 10,898.51 2,274.19 5.500%
502768321 121 SS Maple Shade NJ 10,992.47 2,994.49 5.860%
310100062 122 RT Jefferson City MO 10,265.70 2,093.58 5.570%
701000123 123 RT Holly Springs GA 10,866.57 4,409.89 6.100%
701000124 124 RT Conroe TX 10,196.21 1,858.35 5.820%
310100015 125 OF Houston TX 10,517.63 1,749.57 6.120%
701000126 126 MF Washington DC 8,900.52 3,084.44 5.250%
701000127 127 MF Landover MD 8,900.52 3,084.44 5.250%
502756535 128 RT Shippensburg PA 9,832.20 2,676.57 5.900%
310100070 129 RT Deerfield Beach FL 9,391.99 10,631.15 5.910%
801000130 130 IN Springfield VA 8,885.34 2,482.13 5.790%
701000131 131 RT Denver CO 9,059.28 1,617.18 5.900%
701000132 132 RT West Columbia SC 9,092.99 1,618.05 5.930%
701000133 133 MF Spokane Valley WA 7,773.95 1,719.09 5.350%
502763514 134 MU Richmond VA 8,301.37 1,549.34 5.750%
502765328 135 MF Layfayette CA 7,917.08 1,617.45 5.550%
502755922 136 RT Baltimore MD 9,286.34 4,908.64 6.850%
310100043 137 RT Pantego TX 9,647.13 1,164.65 6.850%
310100016 138 OF Houston TX 8,487.00 1,411.78 6.120%
125129420 139 MF Salisbury NC 11,900.58 684.06 8.625%
502746509 140 MH Newfield NY 8,500.89 3,285.33 6.250%
502763203 141 MF Charlottesville VA 7,516.21 1,568.41 5.500%
310100093 142 MH Coachella CA 7,171.13 3,646.16 5.290%
701000143 143 OF Huntersville NC 7,233.61 1,572.63 5.390%
701000144 144 MF Two Harbors MN 7,244.87 5,693.66 5.500%
701000145 145 RT Aurora IL 7,406.60 1,270.15 5.950%
701000146 146 RT Kennesaw GA 7,520.20 1,872.51 6.130%
701000147 147 MF Hapeville GA 7,025.71 1,982.17 5.800%
125157750 148 MF Inman SC 9,953.81 997.47 8.625%
310100072 149 RT Boca Raton FL 6,826.14 7,726.76 5.910%
310100073 150 RT Hialeah FL 3,969.81 4,493.58 5.910%
310100074 151 RT Fort Lauderdale FL 2,980.25 3,875.03 5.910%
310100071 152 RT Tamarac FL 2,475.53 3,218.78 5.910%
Totals 5,783,345.71 1,057,254.59
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>
343005011 06/11/2013 06/11/2033 N 69,490,650.02 69,421,032.41 01/11/2004
502767418 05/11/2013 05/11/2033 N 44,679,329.24 44,641,133.76 02/11/2004
502752708 N/A 02/11/2013 N 35,000,000.00 35,000,000.00 02/11/2004
502764101 N/A 04/11/2013 N 28,710,671.54 28,679,647.78 02/11/2004
502756439 N/A 04/11/2013 N 27,000,000.00 27,000,000.00 02/11/2004
502769501 N/A 06/11/2010 N 25,900,000.00 25,900,000.00 02/11/2004
502768814 N/A 05/11/2013 N 24,815,588.92 24,793,542.59 02/11/2004
502762819 N/A 04/11/2013 N 24,126,772.97 24,103,354.53 01/11/2004
310100068 04/11/2013 04/11/2033 N 20,601,358.99 20,581,207.37 01/11/2004
801000010 N/A 12/01/2012 N 20,523,347.40 20,503,088.87 02/01/2004
502768323 N/A 05/11/2013 N 18,250,000.00 18,250,000.00 02/11/2004
502764302 N/A 05/11/2013 N 17,864,473.29 17,848,237.25 01/11/2004
701000013 N/A 02/01/2012 N 17,120,000.00 17,120,000.00 02/01/2004
502762107 N/A 05/11/2013 N 17,000,000.00 17,000,000.00 02/11/2004
701000015 02/01/2012 02/01/2033 N 16,797,684.25 16,780,410.20 02/01/2004
801000016 N/A 02/01/2012 N 16,658,643.97 16,642,428.67 02/01/2004
701000017 N/A 06/01/2013 N 16,389,053.27 16,374,021.02 02/01/2004
502770417 N/A 06/11/2013 N 16,182,162.06 16,166,066.94 02/11/2004
502765507 N/A 05/11/2013 N 15,875,387.38 15,860,409.67 02/11/2004
310100005 12/11/2012 12/11/2032 N 15,325,089.07 15,312,593.92 01/11/2004
701000021 N/A 01/01/2013 N 15,128,086.07 15,113,876.01 02/01/2004
502764801 N/A 04/11/2013 N 15,000,000.00 15,000,000.00 02/11/2004
502720204 N/A 05/11/2013 N 14,884,739.58 14,870,903.78 01/11/2004
502765003 05/11/2010 04/17/2033 N 14,868,781.89 14,852,852.46 02/11/2004
701000025 05/11/2012 05/11/2033 N 14,387,069.78 14,373,496.23 01/11/2004
502764109 N/A 05/11/2013 N 14,132,175.55 14,117,937.42 02/11/2004
701000027 05/11/2011 05/11/2033 N 14,145,000.00 14,145,000.00 01/11/2004
502749415 N/A 04/11/2013 N 13,882,287.93 13,869,898.04 01/11/2004
502765717 N/A 05/11/2013 N 13,092,759.78 13,079,820.40 02/11/2004
502764911 05/11/2010 04/16/2033 N 12,886,033.47 12,872,196.04 02/11/2004
701000031 N/A 04/01/2012 N 12,286,650.39 12,274,602.80 02/01/2004
502769917 N/A 06/11/2010 N 11,908,464.92 11,895,895.07 02/11/2004
502768418 N/A 05/11/2013 N 11,904,644.06 11,893,161.42 02/11/2004
701000034 N/A 02/01/2008 N 10,875,335.12 10,864,774.81 02/01/2004
502764301 N/A 05/11/2013 N 10,712,258.03 10,701,671.26 02/11/2004
801000036 N/A 05/01/2013 N 10,467,649.32 10,457,749.16 02/01/2004
502757713 N/A 04/11/2013 N 10,464,304.49 10,454,142.95 02/11/2004
502769502 N/A 06/11/2013 N 10,246,108.54 10,231,677.07 01/11/2004
310100109 N/A 06/11/2013 N 9,878,068.25 9,868,243.31 02/11/2004
801000040 N/A 07/01/2013 N 9,767,767.64 9,758,577.12 02/01/2004
701000041 N/A 06/11/2013 N 9,383,532.84 9,370,118.57 02/11/2004
701000042 04/11/2009 05/11/2033 N 8,806,783.35 8,797,916.15 02/11/2004
701000043 N/A 06/11/2010 N 8,750,000.00 8,750,000.00 01/11/2004
310100103 N/A 06/11/2013 N 8,192,276.85 8,184,420.31 01/11/2004
502766015 N/A 06/11/2013 N 8,037,950.70 8,029,426.47 01/11/2004
801000046 N/A 05/01/2013 N 7,840,788.40 7,833,698.11 02/01/2004
801000047 N/A 02/01/2008 N 7,408,742.43 7,400,924.46 02/01/2004
701000048 N/A 02/01/2013 N 7,369,487.22 7,362,723.84 02/01/2004
801000049 N/A 05/11/2013 N 7,200,113.76 7,194,195.14 01/11/2004
701000050 N/A 05/11/2013 N 7,189,791.13 7,182,512.67 01/11/2004
502755510 05/11/2013 05/06/2033 N 7,188,465.11 7,181,012.88 02/11/2004
801000052 N/A 04/01/2013 N 7,131,876.26 7,124,609.26 02/01/2004
701000053 N/A 06/11/2013 N 7,045,263.87 7,037,739.79 02/11/2004
310100060 04/11/2013 04/11/2033 N 6,984,703.95 6,977,871.73 02/11/2004
801000055 N/A 04/01/2012 N 6,932,340.84 6,925,107.94 02/01/2004
502754448 N/A 03/11/2013 N 6,935,710.17 6,929,561.41 02/11/2004
701000057 N/A 01/01/2013 N 6,922,966.04 6,917,025.74 02/01/2004
502741201 N/A 05/11/2013 N 6,747,394.84 6,741,076.05 01/11/2004
801000059 N/A 05/01/2013 N 6,549,627.37 6,543,584.64 02/01/2004
310100063 04/11/2013 04/11/2033 N 6,500,164.25 6,493,805.99 02/11/2004
310100099 N/A 06/11/2013 N 6,452,498.40 6,446,003.02 02/11/2004
410100084 N/A 04/11/2013 N 6,439,546.95 6,433,109.70 02/11/2004
310100069 N/A 04/11/2013 N 6,426,115.21 6,418,195.13 01/11/2004
310100050 N/A 02/11/2013 N 6,431,349.60 6,425,607.46 01/11/2004
701000065 N/A 06/11/2013 N 6,350,660.44 6,343,878.17 02/11/2004
410100105 N/A 06/11/2013 N 6,155,565.68 6,149,502.09 02/11/2004
502772602 N/A 06/11/2013 N 6,002,544.82 5,993,852.33 02/11/2004
701000068 N/A 06/11/2013 N 6,005,308.00 5,999,190.09 01/11/2004
502754814 N/A 05/11/2013 N 6,000,000.00 6,000,000.00 01/11/2004
502759109 N/A 05/11/2013 N 5,946,264.63 5,939,729.73 01/11/2004
701000071 N/A 05/11/2013 N 5,648,842.67 5,642,620.32 01/11/2004
502748108 N/A 01/11/2013 N 5,625,000.00 5,625,000.00 02/11/2004
701000073 N/A 12/01/2011 N 5,407,363.44 5,403,424.48 02/01/2004
310100056 N/A 03/11/2013 N 5,394,421.26 5,389,049.82 02/11/2004
502761803 N/A 05/11/2013 N 5,316,453.99 5,311,199.82 02/11/2004
502764713 N/A 04/11/2013 N 5,282,126.69 5,274,780.14 02/11/2004
701000077 N/A 05/11/2013 N 5,150,000.00 5,150,000.00 02/11/2004
701000078 N/A 06/11/2020 N 4,990,000.00 4,990,000.00 02/11/2004
502765001 N/A 04/11/2010 N 4,802,568.26 4,797,257.71 02/11/2004
502767415 N/A 05/11/2013 N 4,763,777.49 4,759,437.07 01/11/2004
310100087 N/A 05/11/2013 N 4,750,821.86 4,744,838.13 01/11/2004
701000082 N/A 05/11/2013 N 4,713,664.96 4,709,305.23 02/11/2004
502760701 04/11/2013 04/08/2028 N 4,615,993.89 4,609,609.73 01/11/2004
801000084 N/A 06/11/2023 N 4,432,091.56 4,422,505.06 02/11/2004
410100083 N/A 04/11/2013 N 4,458,147.86 4,453,691.29 02/11/2004
701000086 N/A 04/11/2013 N 4,360,299.94 4,356,086.37 02/11/2004
701000087 N/A 07/11/2010 N 4,260,001.62 4,253,435.99 01/11/2004
310100088 N/A 06/11/2013 N 4,134,270.68 4,130,821.20 01/11/2004
502768426 06/11/2013 05/16/2033 N 4,073,759.77 4,070,225.96 01/11/2004
502755914 N/A 06/15/2024 N 4,030,452.50 4,022,923.68 02/15/2004
502768925 N/A 06/11/2013 N 3,967,838.08 3,963,400.19 02/11/2004
502755808 N/A 01/11/2013 N 3,951,768.40 3,947,992.23 01/11/2004
310100014 N/A 12/11/2012 N 3,927,291.87 3,923,849.03 01/11/2004
502765720 N/A 04/11/2013 N 3,864,811.36 3,861,076.61 02/11/2004
502749508 N/A 11/11/2012 N 3,847,811.37 3,844,309.26 01/11/2004
502762508 04/11/2013 04/11/2033 N 3,758,162.18 3,754,858.78 01/11/2004
310100057 N/A 03/11/2013 N 3,663,329.67 3,659,795.07 02/11/2004
701000098 N/A 05/11/2013 N 3,591,552.98 3,588,130.94 02/11/2004
310100092 N/A 06/11/2013 N 3,574,756.43 3,571,319.77 02/11/2004
310100094 N/A 06/11/2013 N 3,574,756.43 3,571,319.77 02/11/2004
701000101 N/A 05/11/2023 N 3,539,935.18 3,532,476.51 01/11/2004
502735515 N/A 04/11/2013 N 3,428,597.56 3,420,710.84 02/11/2004
502765613 06/11/2013 05/16/2033 N 3,405,471.22 3,402,124.75 01/11/2004
310100085 N/A 04/11/2013 N 3,267,145.59 3,263,623.41 01/11/2004
502736006 N/A 03/11/2013 N 3,232,508.33 3,225,784.88 02/11/2004
701000106 N/A 04/11/2013 N 3,172,244.67 3,169,312.17 02/11/2004
502755923 N/A 02/15/2019 N 3,074,351.26 3,068,425.20 02/15/2004
502753022 N/A 06/11/2013 N 3,077,927.44 3,074,917.48 01/11/2004
701000109 N/A 06/11/2013 N 3,069,779.40 3,065,591.30 02/11/2004
502751738 N/A 04/11/2013 N 3,030,648.05 3,027,984.14 01/11/2004
128878895 N/A 09/01/2026 N 2,832,688.25 2,830,681.41 02/01/2004
502765330 N/A 05/11/2008 N 2,807,261.01 2,804,520.06 01/11/2004
701000113 N/A 04/11/2013 N 2,775,714.05 2,773,148.11 02/11/2004
310100095 N/A 06/11/2013 N 2,705,735.49 2,699,468.65 02/11/2004
801000115 N/A 06/11/2013 N 2,697,696.87 2,695,216.32 01/11/2004
502765609 05/11/2013 05/11/2023 N 2,605,538.28 2,600,014.81 02/11/2004
310100096 N/A 06/11/2013 N 2,555,731.69 2,553,090.65 02/11/2004
801000118 N/A 06/11/2013 N 2,383,754.37 2,381,551.51 01/11/2004
502770502 N/A 06/11/2013 N 2,333,267.55 2,330,985.80 01/11/2004
310100089 N/A 05/11/2008 N 2,301,151.75 2,298,877.56 01/11/2004
502768321 N/A 06/11/2013 N 2,178,404.47 2,175,409.98 02/11/2004
310100062 04/11/2013 04/11/2033 N 2,140,297.97 2,138,204.39 02/11/2004
701000123 N/A 06/11/2023 N 2,068,727.84 2,064,317.95 02/11/2004
701000124 N/A 05/11/2013 N 2,034,494.84 2,032,636.49 01/11/2004
310100015 N/A 12/11/2012 N 1,995,755.90 1,994,006.33 01/11/2004
701000126 N/A 03/11/2013 N 1,968,778.52 1,965,694.08 02/11/2004
701000127 N/A 03/11/2013 N 1,968,778.52 1,965,694.08 02/11/2004
502756535 04/11/2013 04/03/2028 N 1,935,261.61 1,932,585.04 02/11/2004
310100070 N/A 04/11/2013 N 1,845,487.44 1,834,856.29 02/11/2004
801000130 N/A 06/01/2013 N 1,782,116.79 1,779,634.66 02/01/2004
701000131 N/A 03/11/2013 N 1,783,128.09 1,781,510.91 02/11/2004
701000132 N/A 02/11/2013 N 1,780,708.70 1,779,090.65 02/11/2004
701000133 N/A 06/11/2013 N 1,687,441.87 1,685,722.78 02/11/2004
502763514 N/A 06/11/2013 N 1,676,573.89 1,675,024.55 01/11/2004
502765328 N/A 05/11/2013 N 1,656,581.59 1,654,964.14 02/11/2004
502755922 N/A 02/15/2019 N 1,626,803.29 1,621,894.65 02/15/2004
310100043 N/A 02/11/2013 N 1,635,491.08 1,634,326.43 02/11/2004
310100016 N/A 12/11/2012 N 1,610,436.68 1,609,024.90 01/11/2004
125129420 N/A 06/01/2017 N 1,602,321.62 1,601,637.56 02/01/2004
502746509 N/A 03/11/2013 N 1,579,521.09 1,576,235.76 02/11/2004
502763203 N/A 05/11/2013 N 1,587,001.21 1,585,432.80 01/11/2004
310100093 N/A 06/11/2013 N 1,574,246.12 1,570,599.96 02/11/2004
701000143 N/A 06/11/2013 N 1,558,501.72 1,556,929.09 02/11/2004
701000144 N/A 05/11/2018 N 1,529,709.39 1,524,015.73 01/11/2004
701000145 N/A 06/11/2013 N 1,445,582.02 1,444,311.87 02/11/2004
701000146 N/A 05/11/2013 N 1,424,655.20 1,422,782.69 01/11/2004
701000147 N/A 04/11/2013 N 1,406,704.23 1,404,722.06 01/11/2004
125157750 N/A 12/01/2019 N 1,384,877.80 1,383,880.33 02/01/2004
310100072 N/A 04/11/2013 N 1,341,307.88 1,333,581.12 02/11/2004
310100073 N/A 04/11/2013 N 780,051.38 775,557.80 02/11/2004
310100074 N/A 04/11/2013 N 585,606.26 581,731.23 02/11/2004
310100071 N/A 04/11/2013 N 486,430.98 483,212.20 02/11/2004
Totals 1,194,447,301.50 1,193,390,046.91
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>
<table>
Principal Prepayment Detail
<c> <s>
Loan Number Offering Document Principal Prepayment Amount Prepayment Penalties
Cross-Reference Pauoff Amount Curtailment Amount Prepaymnet Premisum Yield Maintenance Premium
No Principal Prepayments this Period
</table>
Historical Detail
Delinquencies
Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure REO Modifications
Date # Balance # Balance # Balance # Balance # Balance # Balance
02/17/2004 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
01/15/2004 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
12/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
11/17/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
10/15/2003 1 $4,084,925.86 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
09/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
08/15/2003 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
02/17/2004 0 $0.00 0 $0.00
01/15/2004 0 $0.00 0 $0.00
12/15/2003 0 $0.00 0 $0.00
11/17/2003 0 $0.00 0 $0.00
10/15/2003 0 $0.00 0 $0.00
09/15/2003 0 $0.00 0 $0.00
08/15/2003 0 $0.00 0 $0.00
Rate and Maturities
Distribution Next Weighted Avg. WAM
Date Coupon Remit
02/17/2004 5.628292% 5.579651% 108
01/15/2004 5.628328% 5.579686% 109
12/15/2003 5.628364% 5.579721% 110
11/17/2003 5.628401% 5.579757% 111
10/15/2003 5.628428% 5.579783% 112
09/15/2003 5.628483% 5.579838% 113
08/15/2003 5.628521% 5.579874% 114
<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>
343005011 1 0 01/11/2004 391,629.56 391,629.56 A
502762819 8 0 01/11/2004 135,842.51 135,842.51 A
310100068 9 0 01/11/2004 118,277.03 118,277.03 A
502764302 12 0 01/11/2004 105,479.01 105,479.01 A
310100005 20 0 01/11/2004 96,442.58 96,442.58 A
502720204 23 0 01/11/2004 87,039.77 87,039.77 A
701000025 25 0 01/11/2004 83,586.64 83,586.64 A
701000027 27 0 01/11/2004 66,520.79 66,520.79 A
502749415 28 0 01/11/2004 82,935.05 82,935.05 A
502769502 38 0 01/11/2004 64,645.94 64,645.94 A
701000043 43 0 01/11/2004 37,381.95 37,381.95 A
310100103 44 0 01/11/2004 47,088.44 47,088.44 A
502766015 45 0 01/11/2004 44,110.02 44,110.02 A
701000050 50 0 01/11/2004 40,471.33 40,471.33 A
502741201 58 0 01/11/2004 39,328.54 39,328.54 A
310100069 63 0 01/11/2004 43,674.27 43,674.27 A
310100050 64 0 01/11/2004 38,756.40 38,756.40 A
701000068 68 0 01/11/2004 33,583.85 33,583.85 A
502754814 69 0 01/11/2004 28,836.67 28,836.67 A
502759109 70 0 01/11/2004 32,194.69 32,194.69 A
701000071 71 0 01/11/2004 30,550.03 30,550.03 A
502767415 80 0 01/11/2004 28,097.11 28,097.11 A
310100087 81 0 01/11/2004 31,803.13 31,803.13 A
502760701 83 0 01/11/2004 29,682.11 29,682.11 A
701000087 87 0 01/11/2004 25,498.97 25,498.97 A
310100088 88 0 01/11/2004 25,206.09 25,206.09 A
502768426 89 0 01/11/2004 24,445.77 24,445.77 A
502755808 92 0 01/11/2004 23,079.46 23,079.46 A
310100014 93 0 01/11/2004 24,008.77 24,008.77 A
502749508 95 0 01/11/2004 23,254.21 23,254.21 A
502762508 96 0 01/11/2004 22,595.29 22,595.29 A
701000101 101 0 01/11/2004 26,392.40 26,392.40 A
502765613 103 0 01/11/2004 19,361.64 19,361.64 A
310100085 104 0 01/11/2004 17,930.30 17,930.30 A
502753022 108 0 01/11/2004 17,537.78 17,537.78 A
502751738 110 0 01/11/2004 18,221.24 18,221.24 A
502765330 112 0 01/11/2004 16,063.74 16,063.74 A
801000115 115 0 01/11/2004 15,637.07 15,637.07 A
801000118 118 0 01/11/2004 13,787.24 13,787.24 A
502770502 119 0 01/11/2004 13,294.77 13,294.77 A
310100089 120 0 01/11/2004 13,096.00 13,096.00 A
701000124 124 0 01/11/2004 11,986.74 11,986.74 A
310100015 125 0 01/11/2004 12,200.68 12,200.68 A
502763514 134 0 01/11/2004 9,794.83 9,794.83 A
310100016 138 0 01/11/2004 9,845.10 9,845.10 A
502763203 141 0 01/11/2004 9,031.72 9,031.72 A
701000144 144 0 01/11/2004 12,887.53 12,887.53 A
701000146 146 0 01/11/2004 9,345.23 9,345.23 A
701000147 147 0 01/11/2004 8,960.98 8,960.98 A
Totals 2,161,420.97 2,161,420.97
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>
343005011 69,490,650.02 0.00
502762819 24,126,772.97 0.00
310100068 20,601,358.99 0.00
502764302 17,864,473.29 0.00
310100005 15,325,089.07 0.00
502720204 14,884,739.58 0.00
701000025 14,387,069.78 0.00
701000027 14,145,000.00 0.00
502749415 13,882,287.93 0.00
502769502 10,246,108.54 0.00
701000043 8,750,000.00 0.00
310100103 8,192,276.85 0.00
502766015 8,037,950.70 0.00
701000050 7,189,791.13 0.00
502741201 6,747,394.84 0.00
310100069 6,426,115.21 0.00
310100050 6,431,349.60 0.00
701000068 6,005,308.00 0.00
502754814 6,000,000.00 0.00
502759109 5,946,264.63 0.00
701000071 5,648,842.67 0.00
502767415 4,763,777.49 0.00
310100087 4,750,821.86 0.00
502760701 4,615,993.89 0.00
701000087 4,260,001.62 0.00
310100088 4,134,270.68 0.00
502768426 4,073,759.77 0.00
502755808 3,951,768.40 0.00
310100014 3,927,291.87 0.00
502749508 3,847,811.37 0.00
502762508 3,758,162.18 0.00
701000101 3,539,935.18 0.00
502765613 3,405,471.22 0.00
310100085 3,267,145.59 0.00
502753022 3,077,927.44 0.00
502751738 3,030,648.05 0.00
502765330 2,807,261.01 0.00
801000115 2,697,696.87 0.00
801000118 2,383,754.37 0.00
502770502 2,333,267.55 0.00
310100089 2,301,151.75 0.00
701000124 2,034,494.84 0.00
310100015 1,995,755.90 0.00
502763514 1,676,573.89 0.00
310100016 1,610,436.68 0.00
502763203 1,587,001.21 0.00
701000144 1,529,709.39 0.00
701000146 1,424,655.20 0.00
701000147 1,406,704.23 0.00
Totals 374.522.093.30
Current Outstanding Actual Outstanding
P & I P & I Principal Servicing
Advances Advances Balance Advances
Totals by Delinquency Code:
Total for Status Code = A (49 loans) 2,161,420.97 2,161,420.97 374,522,093.30 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