UNITED STATES
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: May 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)
54-6553627
54-2120456
54-2120457
54-2120458
(I.R.S. Employer Identification No.)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 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 May 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
May 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, N.A. as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: May 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 May 17, 2004 distribution.
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
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: May 17, 2004
Record Date: April 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
Specially Serviced Loan Detail 25 - 26
Modified Loan Detail 27
Liquidated Loan Detail 28
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, N.A. by various third parties, which
may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, 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, N.A. expressly disclaims
any responsibility for the accuracy or completeness of information
furnished by third parties.
Copyright 2004, Wells Fargo Bank, N.A.
Certificate Distribution Detail
Class CUSIP Pass-Through Original Beginning Principal Interest
Rate Balance Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
A-1 929766GR8 2.986000% 226,000,000.00 218,701,509.17 910,314.82 544,202.26
A-2 929766GS6 3.989000% 439,721,000.00 439,721,000.00 0.00 1,461,705.89
A1-A 929766GZ0 3.812000% 301,015,000.00 298,308,316.09 338,154.92 947,626.08
B 929766GT4 4.107000% 40,531,000.00 40,531,000.00 0.00 138,717.35
C 929766GU1 4.139000% 15,011,000.00 15,011,000.00 0.00 51,775.44
D 929766HB2 4.168000% 31,524,000.00 31,524,000.00 0.00 109,493.36
E 929766HD8 4.228000% 10,508,000.00 10,508,000.00 0.00 37,023.19
F 929766HF3 4.535000% 16,513,000.00 16,513,000.00 0.00 62,405.38
G 929766HH9 4.634000% 19,515,000.00 19,515,000.00 0.00 75,360.43
H 929766HK2 5.178000% 19,515,000.00 19,515,000.00 0.00 84,207.23
J 929766HM8 4.298000% 22,517,000.00 22,517,000.00 0.00 80,648.39
K 929766HP1 4.298000% 12,009,000.00 12,009,000.00 0.00 43,012.24
L 929766HR7 4.298000% 6,005,000.00 6,005,000.00 0.00 21,507.91
M 929766HT3 4.298000% 6,004,000.00 6,004,000.00 0.00 21,504.33
N 929766HV8 4.298000% 6,005,000.00 6,005,000.00 0.00 21,507.91
O 929766HX4 4.298000% 4,503,000.00 4,503,000.00 0.00 16,128.24
P 929766HZ9 4.298000% 24,018,922.87 24,018,922.87 0.00 86,027.78
R-I N/A 0.000000% 0.00 0.00 0.00 0.00
R-II N/A 0.000000% 0.00 0.00 0.00 0.00
Totals 1,200,914,922.87 1,190,909,748.13 1,248,469.74 3,802,853.41
Class CUSIP Prepayment Realized Loss/ Total Ending Current
Penalties Additional Trust Distribution Balance Subordination
Fund Expenses Level (1)
<s> <c> <c> <c> <c> <c> <c>
A-1 929766GR8 0.00 0.00 1,454,517.08 217,791,194.35 19.68%
A-2 929766GS6 0.00 0.00 1,461,705.89 439,721,000.00 19.68%
A1-A 929766GZ0 0.00 0.00 1,285,781.00 297,970,161.17 19.68%
B 929766GT4 0.00 0.00 138,717.35 40,531,000.00 16.28%
C 929766GU1 0.00 0.00 51,775.44 15,011,000.00 15.02%
D 929766HB2 0.00 0.00 109,493.36 31,524,000.00 12.37%
E 929766HD8 0.00 0.00 37,023.19 10,508,000.00 11.48%
F 929766HF3 0.00 0.00 62,405.38 16,513,000.00 10.09%
G 929766HH9 0.00 0.00 75,360.43 19,515,000.00 8.45%
H 929766HK2 0.00 0.00 84,207.23 19,515,000.00 6.81%
J 929766HM8 0.00 0.00 80,648.39 22,517,000.00 4.92%
K 929766HP1 0.00 0.00 43,012.24 12,009,000.00 3.91%
L 929766HR7 0.00 0.00 21,507.91 6,005,000.00 3.41%
M 929766HT3 0.00 0.00 21,504.33 6,004,000.00 2.90%
N 929766HV8 0.00 0.00 21,507.91 6,005,000.00 2.40%
O 929766HX4 0.00 0.00 16,128.24 4,503,000.00 2.02%
P 929766HZ9 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%
R-II N/A 0.00 0.00 0.00 0.00 0.00%
Totals 0.00 0.00 5,051,323.15 1,189,661,278.39
Class CUSIP Pass-Through Original Beginning Interest
Rate Notional Notional Distribution
Amount Amount
<s> <c> <c> <c> <c> <c>
XC 929766GV9 0.077204% 1,200,914,922.87 1,190,909,748.13 76,618.81
XP 929766GX5 1.732875% 1,154,968,000.00 1,148,031,000.00 1,657,828.42
Class CUSIP Prepayment Total Ending
Penalties Distribution Notional
Amount
<s> <c> <c> <c> <c>
XC 929766GV9 0.00 76,618.81 1,189,661,278.39
XP 929766GX5 0.00 1,657,828.42 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
Class CUSIP Beginning Principal Interest Prepayment Realized Loss/ Ending
Balance Distribution Distribution Penalties Additional Balance
Trust Fund
Expenses
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 929766GR8 967.70579279 4.02794168 2.40797460 0.00000000 0.00000000 963.67785111
A-2 929766GS6 1,000.00000000 0.00000000 3.32416666 0.00000000 0.00000000 1,000.00000000
A1-A 929766GZ0 991.00814275 1.12338229 3.14810252 0.00000000 0.00000000 989.88476046
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
Class CUSIP Beginning Interest Prepayment Ending
Notional Distribution Penalties Notional
Amount Amount
<s> <c> <c> <c> <c> <c>
XC 929766GV9 991.66870646 0.06380036 0.00000000 990.62910764
XP 929766GX5 993.99377299 1.43538905 0.00000000 993.99377299
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 51,249.46
Servicing Advances Outstanding 0.00
Reimbursement for Interest on P & I Advances 0.00
paid from general collections
Reimbursement for Interest on Servicing 0.00
Advances paid from general collections
Aggregate amount of Nonrecoverable Advances 0.00
Servicing Fee Summary
<s> <c>
Current Period Accrued Servicing Fees 46,186.53
Less Delinquent Servicing Fees 562.45
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 20,466.94
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 66,091.02
Certificate Interest Reconciliation
Class Accrued Net Aggregate Deferred Distributable Distributable
Certificate Prepayment Interest Certificate Certificate
Interest Interest Amount Interest Interest
Shortfall Adjustment
<s> <c> <c> <c> <c> <c>
A-1 544,202.26 0.00 0.00 544,202.26 0.00
A-2 1,461,705.89 0.00 0.00 1,461,705.89 0.00
A1-A 947,626.08 0.00 0.00 947,626.08 0.00
XC 76,618.81 0.00 0.00 76,618.81 0.00
XP 1,657,828.42 0.00 0.00 1,657,828.42 0.00
B 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
D 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
F 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
H 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
K 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
M 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
O 16,128.25 0.00 0.00 16,128.25 0.00
P 86,027.78 0.00 0.00 86,027.78 0.00
Total 5,537,300.65 0.00 0.00 5,537,300.65 0.00
Class Additional Interest Remaining Unpaid
Trust Fund Distribution Distributable
Expenses Certificate Interest
<s> <c> <c> <c>
A-1 0.00 544,202.26 0.00
A-2 0.00 1,461,705.89 0.00
A1-A 0.00 947,626.08 0.00
XC 0.00 76,618.81 0.00
XP 0.00 1,657,828.42 0.00
B 0.00 138,717.35 0.00
C 0.00 51,775.44 0.00
D 0.00 109,493.36 0.00
E 0.00 37,023.19 0.00
F 0.00 62,405.38 0.00
G 0.00 75,360.43 0.00
H 0.00 84,207.23 0.00
J 0.00 80,648.39 0.00
K 0.00 43,012.24 0.00
L 0.00 21,507.91 0.00
M 0.00 21,504.33 0.00
N 0.00 21,507.91 0.00
O 0.00 16,128.24 0.00
P 0.00 86,027.78 0.00
Total 0.00 5,537,300.64 0.00
Other Required Information
<s> <c>
Available Distribution Amount (1) 6,785,770.38
Aggregate Number of Outstanding Loans 152
Aggregate Stated Principal Balance of Loans Before Distribution 1,190,909,748.13
Aggregate Stated Principal Balance of Loans After Distribution 1,189,661,278.39
Aggregate Unpaid Principal Balance of Loans 1,189,669,787.81
Aggregate Amount of Servicing Fee 66,091.02
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 2,084.09
Aggregate Trust Fund Expenses 0.00
Interest Reserve Deposit 0.00
Interest Reserve Withdrawal 0.00
Specially Serviced Loans not Delinquent
Number of Outstanding Loans 0
Aggregate Unpaid Principal Balance 0.00
<fn>
(1) The Available Distribution Amount includes any Prepayment Premiums.
</fn>
Appraisal Reduction Amount
None
Cash Reconciliation Detail
<s>
Total Funds Collected
Interest:
Scheduled Interest 5,585,571.27
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 5,585,571.27
Principal:
Scheduled Principal 1,248,469.74
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 1,248,469.74
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 6,834,041.01
Total Funds Distributed
Fees:
Master Servicing Fee 46,186.53
Trustee Fee 2,084.09
Certificate Administration Fee 0.00
Insurer Fee 0.00
Miscellaneous Fee 0.00
Total Fees 48,270.62
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 5,537,300.64
Principal Distribution 1,248,469.74
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 6,785,770.38
Total Funds Distributed 6,834,041.00
Ratings Detail
Class CUSIP Original Ratings Current Ratings (1)
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
Scheduled # of Scheduled % of WAM WAC Weighted
Balance Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Below 2,000,000 28 42,892,714.00 3.61 116 6.0265 1.489269
2,000,001 to 3,000,000 14 34,234,829.57 2.88 120 5.9702 1.540443
3,000,001 to 4,000,000 20 69,651,350.53 5.85 116 5.7922 1.528116
4,000,001 to 5,000,000 13 58,097,295.38 4.88 128 5.7962 1.382386
5,000,001 to 6,000,000 11 61,557,818.27 5.17 106 5.6483 1.534181
6,000,001 to 7,000,000 13 85,447,892.79 7.18 106 5.7046 1.424986
7,000,001 to 8,000,000 8 58,117,206.05 4.89 100 5.5722 1.498248
8,000,001 to 9,000,000 4 33,673,968.97 2.83 87 5.3053 1.412743
9,000,001 to 10,000,000 3 28,885,146.92 2.43 109 5.5819 1.320294
10,000,001 to 15,000,000 17 215,298,214.31 18.10 95 5.5238 1.436852
15,000,001 to 20,000,000 11 181,971,762.18 15.30 103 5.7432 1.395828
20,000,001 to 25,000,000 4 89,678,422.15 7.54 106 5.6530 1.398462
25,000,001 to 30,000,000 3 81,473,377.41 6.85 96 5.0125 1.857804
30,000,001 to 35,000,000 1 35,000,000.00 2.94 105 5.6700 2.150000
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 44,502,582.36 3.74 108 6.0800 1.100000
45,000,001 to 65,000,000 0 0.00 0.00 0 0.0000 0.000000
65,000,001 and greater 1 69,178,697.50 5.81 109 5.4200 3.520000
Totals 152 1,189,661,278.39 100.00 105 5.6282 1.597252
State (3)
State # of Scheduled % of WAM WAC Weighted
Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Alaska 1 8,767,046.43 0.74 59 5.4500 1.690000
Arizona 7 55,869,158.30 4.70 94 5.3841 1.337677
California 21 163,836,832.05 13.77 96 5.6195 1.365719
Colorado 8 56,914,369.41 4.78 105 5.6047 1.416796
Connecticut 1 7,338,591.44 0.62 105 5.8900 1.280000
Delaware 2 19,361,251.35 1.63 108 5.4419 1.443669
Florida 22 124,843,738.35 10.49 104 5.5851 1.485828
Georgia 5 17,656,487.74 1.48 122 5.7366 1.410452
Illinois 6 36,514,121.59 3.07 108 5.6193 1.542708
Iowa 1 7,808,363.33 0.66 108 5.8600 1.410000
Kansas 1 20,432,029.43 1.72 103 5.6400 1.380000
Maryland 4 23,444,742.16 1.97 121 6.1944 1.413162
Massachusetts 2 32,266,472.33 2.71 106 5.9100 1.414524
Michigan 2 11,360,488.50 0.95 108 5.7833 1.507959
Minnesota 1 1,506,071.35 0.13 168 5.5000 1.190000
Missouri 1 2,130,865.12 0.18 107 5.5700 1.270000
Nebraska 1 3,742,956.74 0.31 107 6.0000 1.350000
Nevada 5 35,725,351.70 3.00 116 5.6703 1.411714
New Jersey 1 2,165,267.15 0.18 109 5.8600 1.440000
New Mexico 1 3,251,552.14 0.27 107 5.1600 1.600000
New York 9 108,982,655.72 9.16 109 5.8384 1.680260
North Carolina 7 49,000,017.04 4.12 119 5.6251 1.338783
North Dakota 2 12,778,632.98 1.07 108 5.2416 1.533967
Oregon 3 92,286,229.47 7.76 106 5.4868 3.006135
Pennsylvania 4 60,300,063.54 5.07 108 5.9416 1.241289
South Carolina 3 29,054,146.93 2.44 80 4.3733 2.861335
Tennessee 1 4,341,271.16 0.36 107 5.6200 1.430000
Texas 16 69,043,133.97 5.80 109 5.7533 1.476938
Virginia 7 29,436,796.27 2.47 108 5.7447 1.601062
Washington 3 19,581,347.94 1.65 99 5.6535 1.515366
Washington,DC 4 65,099,410.35 5.47 108 5.5380 1.389822
Wisconsin 2 14,821,816.41 1.25 108 5.7500 1.320000
Totals 154 1,189,661,278.39 100.00 105 5.6282 1.597252
Debt Service Coverage Ratio (1)
Debt Service # of Scheduled % of WAM WAC Weighted
Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
1.04 or less 5 20,425,890.56 1.72 135 6.0183 1.009922
1.05 to 1.09 2 17,830,642.94 1.50 85 5.2503 1.080000
1.10 to 1.14 6 63,992,269.32 5.38 110 5.9580 1.106268
1.15 to 1.19 4 10,969,933.87 0.92 196 6.4749 1.174720
1.20 to 1.24 11 96,447,259.04 8.11 112 5.7584 1.229762
1.25 to 1.29 12 93,878,629.74 7.89 105 5.5463 1.270118
1.30 to 1.34 8 47,074,727.38 3.96 108 6.0155 1.328827
1.35 to 1.39 19 176,531,590.51 14.84 103 5.6022 1.366022
1.40 to 1.44 16 124,282,704.21 10.45 108 5.6104 1.418249
1.45 to 1.49 17 156,148,519.53 13.13 102 5.6494 1.471538
1.50 to 1.54 5 42,817,515.54 3.60 91 5.6081 1.527374
1.55 to 1.59 10 48,436,772.59 4.07 95 5.5997 1.566338
1.60 to 1.64 10 65,190,962.39 5.48 101 5.7790 1.618067
1.65 to 1.69 2 10,538,296.69 0.89 67 5.5071 1.684958
1.70 to 1.74 3 13,701,064.13 1.15 97 5.2523 1.718486
1.75 to 1.79 4 15,767,250.65 1.33 113 5.8929 1.771089
1.80 to 1.84 3 5,900,474.84 0.50 109 5.5888 1.817070
1.85 to 1.89 3 8,197,947.25 0.69 107 5.9148 1.875020
1.90 to 1.99 4 17,018,430.17 1.43 107 5.5057 1.954745
2.00 to 2.19 3 47,727,004.98 4.01 106 5.6625 2.124936
2.20 to 2.29 1 5,917,441.96 0.50 108 5.0500 2.270000
2.30 or greater 4 100,865,950.10 8.48 99 5.0844 3.359419
Totals 152 1,189,661,278.39 100.00 105 5.6282 1.597252
Property Type (3)
Property # of Scheduled % of WAM WAC Weighted
Type Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Industrial 6 39,294,956.09 3.30 102 5.9859 1.497401
Lodging 1 10,183,041.31 0.86 109 5.7300 2.070000
Mixed Use 3 25,628,913.21 2.15 80 5.5587 1.438490
Mobile Home Park 9 27,431,954.09 2.31 103 5.4505 1.588093
Multi-Family 42 326,214,923.53 27.42 107 5.4779 1.370590
Office 28 334,416,363.02 28.11 101 5.7477 1.477464
Retail 59 401,333,171.83 33.74 108 5.6135 1.898108
Self Storage 6 25,157,955.31 2.11 108 5.8855 1.465496
Totals 154 1,189,661,278.39 100.00 105 5.6282 1.597252
Note Rate
Note Rate # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
5.249% or less 15 151,781,310.58 12.76 89 4.9437 1.681509
5.250% to 5.499% 28 278,074,091.28 23.37 105 5.4132 1.943008
5.500% to 5.749% 42 361,890,943.07 30.42 102 5.6175 1.531788
5.750% to 5.999% 38 244,481,587.60 20.55 109 5.8541 1.413512
6.000% to 6.249% 15 97,295,500.90 8.18 109 6.0859 1.319399
6.250% to 6.499% 5 28,267,798.76 2.38 120 6.3477 1.511981
6.500% to 6.749% 1 6,390,668.69 0.54 107 6.5000 1.330000
6.750% to 6.999% 3 7,236,927.42 0.61 196 6.8832 1.087516
7.000% to 7.249% 1 5,388,217.43 0.45 91 7.1500 1.210000
7.250% to 7.499% 1 3,050,428.34 0.26 177 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 2,979,237.33 0.25 171 8.6250 1.473367
8.750% to 9.249% 0 0.00 0.00 0 0.0000 0.000000
9.250% or greater 1 2,824,566.99 0.24 268 9.3100 1.160000
Totals 152 1,189,661,278.39 100.00 105 5.6282 1.597252
Seasoning
Seasoning # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
12 months or less 82 686,648,497.79 57.72 106 5.5405 1.689578
13 to 24 months 64 484,761,647.08 40.75 101 5.6800 1.485030
25 to 36 months 2 6,769,062.13 0.57 111 7.4509 1.193681
37 to 48 months 1 2,824,566.99 0.24 268 9.3100 1.160000
49 months and greater 3 8,657,504.40 0.73 207 7.0539 1.016436
Totals 152 1,189,661,278.39 100.00 105 5.6282 1.597252
Anticipated Remaining Term (ARD and Balloon Loans)
Anticipated # of Scheduled % of WAM WAC Weighted
Remaining Term (2) Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
60 months or less 5 32,054,484.16 2.69 49 5.5010 1.562775
61 to 84 months 8 97,281,514.25 8.18 74 4.8968 1.803702
85 to 108 months 91 780,523,554.81 65.61 105 5.7183 1.450250
109 to 120 months 35 247,852,215.02 20.83 109 5.5070 2.033523
121 to 156 months 0 0.00 0.00 0 0.0000 0.000000
157 to 168 months 1 1,598,392.63 0.13 157 8.6250 1.770000
169 to 180 months 1 3,050,428.34 0.26 177 7.3500 1.010000
181 to 192 months 1 1,380,844.70 0.12 187 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 2,824,566.99 0.24 268 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 1,166,566,000.90 98.06 103 5.6193 1.604945
Remaining Stated Term (Fully Amortizing Loans)
Remaining Stated # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
120 months or less 2 1,042,919.00 0.09 107 5.9100 1.285374
121 to 192 months 2 3,113,071.31 0.26 173 6.1969 1.076434
193 to 264 months 5 18,939,287.18 1.59 222 6.0633 1.226124
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 23,095,277.49 1.94 210 6.0744 1.208622
Remaining Amortization Term (ARD and Balloon Loans)
Remaining Amortization # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Interest Only 1 25,900,000.00 2.18 73 4.0400 3.040000
120 months or less 3 3,872,792.75 0.33 107 5.9100 1.355348
121 to 192 months 0 0.00 0.00 0 0.0000 0.000000
193 to 264 months 7 18,034,982.90 1.52 119 6.0241 1.469185
265 to 336 months 23 135,543,771.79 11.39 108 5.9443 1.665047
337 months or greater 109 983,214,453.46 82.65 102 5.6076 1.562331
Totals 143 1,166,566,000.90 98.06 103 5.6193 1.604945
Age of Most Recent NOI
Age of Most # of Scheduled % of WAM WAC Weighted
Recent NOI Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Underwriter's Information 32 234,817,241.16 19.74 106 5.6732 1.423412
1 year or less 119 938,258,610.16 78.87 105 5.6165 1.644245
1 to 2 years 1 16,585,427.07 1.39 93 5.6500 1.400000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 152 1,189,661,278.39 100.00 105 5.6282 1.597252
<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 ommission 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
Scheduled Balance
Scheduled # of Scheduled % of WAM WAC Weighted
Balance Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Below 2,000,000 19 28,279,806.31 2.38 111 6.0096 1.441593
2,000,001 to 3,000,000 10 23,645,116.95 1.99 119 5.7435 1.564516
3,000,001 to 4,000,000 13 45,271,986.32 3.81 120 5.9661 1.650939
4,000,001 to 5,000,000 10 43,889,987.26 3.69 129 5.9465 1.397729
5,000,001 to 6,000,000 8 45,273,280.47 3.81 106 5.7565 1.535676
6,000,001 to 7,000,000 8 53,264,753.71 4.48 106 5.9114 1.398123
7,000,001 to 8,000,000 4 29,693,406.73 2.50 92 5.8202 1.400696
8,000,001 to 9,000,000 3 24,923,968.97 2.10 91 5.4124 1.557643
9,000,001 to 10,000,000 2 19,560,099.75 1.64 109 5.5494 1.339504
10,000,001 to 15,000,000 12 149,110,138.75 12.53 93 5.5749 1.480391
15,000,001 to 20,000,000 11 181,971,762.18 15.30 103 5.7432 1.395828
20,000,001 to 25,000,000 2 45,224,962.37 3.80 108 5.7667 1.496282
25,000,001 to 30,000,000 2 52,900,000.00 4.45 90 4.9383 2.121285
30,000,001 to 35,000,000 1 35,000,000.00 2.94 105 5.6700 2.150000
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 44,502,582.36 3.74 108 6.0800 1.100000
45,000,001 to 65,000,000 0 0.00 0.00 0 0.0000 0.000000
65,000,001 or greater 1 69,178,697.50 5.81 109 5.4200 3.520000
Totals 107 891,690,549.63 74.95 104 5.6869 1.667394
State (3)
State # of Scheduled % of WAM WAC Weighted
Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Alaska 1 8,767,046.43 0.74 59 5.4500 1.690000
Arizona 3 13,995,008.31 1.18 74 5.5220 1.546481
California 14 135,387,802.40 11.38 95 5.6679 1.362547
Colorado 8 56,914,369.41 4.78 105 5.6047 1.416796
Connecticut 1 7,338,591.44 0.62 105 5.8900 1.280000
Florida 15 79,040,559.12 6.64 103 5.7702 1.555120
Georgia 4 16,258,454.56 1.37 123 5.7311 1.409631
Illinois 6 36,514,121.59 3.07 108 5.6193 1.542708
Iowa 1 7,808,363.33 0.66 108 5.8600 1.410000
Maryland 2 18,664,682.52 1.57 100 5.8219 1.436090
Massachusetts 2 32,266,472.33 2.71 106 5.9100 1.414524
Michigan 2 11,360,488.50 0.95 108 5.7833 1.507959
Missouri 1 2,130,865.12 0.18 107 5.5700 1.270000
Nebraska 1 3,742,956.74 0.31 107 6.0000 1.350000
Nevada 4 28,625,970.28 2.41 118 5.7373 1.412140
New Jersey 1 2,165,267.15 0.18 109 5.8600 1.440000
New York 8 99,657,608.55 8.38 109 5.8561 1.717713
North Carolina 4 29,006,357.26 2.44 125 5.6175 1.329868
Oregon 3 92,286,229.47 7.76 106 5.4868 3.006135
Pennsylvania 3 53,144,800.48 4.47 108 6.0280 1.143177
South Carolina 2 27,673,302.23 2.33 75 4.1611 2.947725
Tennessee 1 4,341,271.16 0.36 107 5.6200 1.430000
Texas 11 32,467,560.95 2.73 120 5.9959 1.551133
Virginia 5 24,838,457.93 2.09 109 5.7292 1.677466
Washington 2 17,901,585.67 1.50 98 5.6820 1.544019
Washington,DC 2 34,570,540.29 2.91 108 5.8750 1.354721
Wisconsin 2 14,821,816.41 1.25 108 5.7500 1.320000
Totals 109 891,690,549.63 74.95 104 5.6869 1.667394
Debt Service Coverage Ratio (1)
Debt Service # of Scheduled % of WAM WAC Weighted
Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
1.04 or less 3 8,657,504.40 0.73 207 7.0539 1.016436
1.05 to 1.09 1 5,977,977.72 0.50 109 5.3500 1.080000
1.10 to 1.14 2 51,456,502.97 4.33 108 6.0111 1.104054
1.15 to 1.19 1 1,649,295.53 0.14 108 5.5500 1.170000
1.20 to 1.24 9 70,746,066.42 5.95 113 5.8728 1.230150
1.25 to 1.29 8 58,453,810.49 4.91 107 5.6609 1.274140
1.30 to 1.34 8 47,074,727.38 3.96 108 6.0155 1.328827
1.35 to 1.39 13 106,075,447.05 8.92 103 5.7423 1.361357
1.40 to 1.44 12 89,484,484.39 7.52 110 5.6609 1.416790
1.45 to 1.49 12 122,206,589.69 10.27 102 5.7074 1.468537
1.50 to 1.54 4 41,237,563.36 3.47 91 5.6123 1.528039
1.55 to 1.59 7 38,647,862.88 3.25 92 5.6443 1.564498
1.60 to 1.64 7 51,368,242.19 4.32 99 5.9172 1.617468
1.65 to 1.69 2 10,538,296.69 0.89 67 5.5071 1.684958
1.70 to 1.74 2 8,079,655.04 0.68 90 5.4000 1.710475
1.75 to 1.79 2 7,758,196.95 0.65 108 5.6713 1.763950
1.80 to 1.84 3 5,900,474.84 0.50 109 5.5888 1.817070
1.85 to 1.89 3 8,197,947.25 0.69 107 5.9148 1.875020
1.90 to 1.99 1 5,625,000.00 0.47 104 5.9300 1.950000
2.00 to 2.19 3 47,727,004.98 4.01 106 5.6625 2.124936
2.20 to 2.29 1 5,917,441.96 0.50 108 5.0500 2.270000
2.30 or greater 3 98,910,457.45 8.31 99 5.0811 3.380364
Totals 107 891,690,549.63 74.95 104 5.6869 1.667394
Property Type (3)
Property # of Scheduled % of WAM WAC Weighted
Type Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Industrial 6 39,294,956.09 3.30 102 5.9859 1.497401
Lodging 1 10,183,041.31 0.86 109 5.7300 2.070000
Mixed Use 3 25,628,913.21 2.15 80 5.5587 1.438490
Mobile Home Park 2 4,109,411.37 0.35 108 5.6557 1.832385
Multi-Family 4 51,566,737.49 4.33 107 5.5971 1.352660
Office 28 334,416,363.02 28.11 101 5.7477 1.477464
Retail 59 401,333,171.83 33.74 108 5.6135 1.898108
Self Storage 6 25,157,955.31 2.11 108 5.8855 1.465496
Totals 109 891,690,549.63 74.95 104 5.6869 1.667394
Note Rate
Note Rate # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
5.249% or less 6 71,672,273.83 6.02 80 4.7490 2.089421
5.250% to 5.499% 10 155,057,523.94 13.03 101 5.4218 2.336798
5.500% to 5.749% 29 277,266,042.06 23.31 101 5.6301 1.576505
5.750% to 5.999% 37 243,083,554.42 20.43 109 5.8544 1.413475
6.000% to 6.249% 14 94,277,114.74 7.92 110 6.0887 1.328984
6.250% to 6.499% 5 28,267,798.76 2.38 120 6.3477 1.511981
6.500% to 6.749% 1 6,390,668.69 0.54 107 6.5000 1.330000
6.750% to 6.999% 3 7,236,927.42 0.61 196 6.8832 1.087516
7.000% to 7.249% 1 5,388,217.43 0.45 91 7.1500 1.210000
7.250% to 7.499% 1 3,050,428.34 0.26 177 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 107 891,690,549.63 74.95 104 5.6869 1.667394
Seasoning
Seasoning # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
12 months or less 58 548,360,158.13 46.09 106 5.5880 1.762842
13 to 24 months 45 329,284,669.67 27.68 99 5.7918 1.533043
25 to 36 months 1 5,388,217.43 0.45 91 7.1500 1.210000
37 to 48 months 0 0.00 0.00 0 0.0000 0.000000
49 to 60 months 3 8,657,504.40 0.73 207 7.0539 1.016436
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 107 891,690,549.63 74.95 104 5.6869 1.667394
Anticipated Remaining Term (ARD and Balloon Loans)
Anticipated # of Scheduled % of WAM WAC Weighted
Remaining Term (2) Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
60 months or less 3 26,968,639.56 2.27 50 5.4960 1.588935
61 to 84 months 5 71,899,690.82 6.04 75 4.8240 2.056952
85 to 108 months 67 577,514,423.55 48.54 105 5.8254 1.458440
109 to 120 months 24 195,658,161.22 16.45 109 5.5428 2.200108
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 3,050,428.34 0.26 177 7.3500 1.010000
181 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 100 875,091,343.49 73.56 102 5.6751 1.675901
Remaining Stated Term (Fully Amortizing Loans)
Remaining Stated # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<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 2 1,042,919.00 0.09 107 5.9100 1.285374
110 to 139 months 0 0.00 0.00 0 0.0000 0.000000
140 months or greater 5 15,556,287.14 1.31 226 6.3349 1.214461
Totals 7 16,599,206.14 1.40 219 6.3082 1.218916
Remaining Amortization Term (ARD and Balloon Loans)
Remaining Amortization # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Interest Only 1 25,900,000.00 2.18 73 4.0400 3.040000
174 months or less 3 3,872,792.75 0.33 107 5.9100 1.355348
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 10,401,548.64 0.87 127 6.5105 1.249625
250 to 274 months 0 0.00 0.00 0 0.0000 0.000000
275 to 299 months 13 86,660,001.83 7.28 105 5.7984 1.805980
300 to 324 months 0 0.00 0.00 0 0.0000 0.000000
325 months or greater 79 748,257,000.27 62.90 102 5.7046 1.621204
Totals 100 875,091,343.49 73.56 102 5.6751 1.675901
Age of Most Recent NOI
Age of Most # of Scheduled % of WAM WAC Weighted
Recent NOI Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Underwriter's Information 20 166,022,269.38 13.96 103 5.6759 1.424050
1 year or less 86 709,082,853.18 59.60 105 5.6904 1.730624
1 to 2 years 1 16,585,427.07 1.39 93 5.6500 1.400000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 107 891,690,549.63 74.95 104 5.6869 1.667394
<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 ommission 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 2
Scheduled Balance
Scheduled # of Scheduled % of WAM WAC Weighted
Balance Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Below 2,000,000 9 14,612,907.69 1.23 127 6.0593 1.581534
2,000,001 to 3,000,000 4 10,589,712.62 0.89 122 6.4763 1.486693
3,000,001 to 4,000,000 7 24,379,364.21 2.05 108 5.4692 1.300037
4,000,001 to 5,000,000 3 14,207,308.12 1.19 125 5.3318 1.334989
5,000,001 to 6,000,000 3 16,284,537.80 1.37 107 5.3478 1.530024
6,000,001 to 7,000,000 5 32,183,139.08 2.71 106 5.3625 1.469445
7,000,001 to 8,000,000 4 28,423,799.32 2.39 108 5.3132 1.600157
8,000,001 to 9,000,000 1 8,750,000.00 0.74 73 5.0000 1.000000
9,000,001 to 10,000,000 1 9,325,047.17 0.78 109 5.6500 1.280000
10,000,001 to 15,000,000 5 66,188,075.56 5.56 99 5.4086 1.338765
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 44,453,459.78 3.74 105 5.5373 1.298944
25,000,001 to 30,000,000 1 28,573,377.41 2.40 107 5.1500 1.370000
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 45 297,970,728.76 25.05 106 5.4523 1.387348
State (3)
State # of Scheduled % of WAM WAC Weighted
Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Arizona 4 41,874,149.99 3.52 100 5.3381 1.267892
California 7 28,449,029.65 2.39 100 5.3889 1.380814
Delaware 2 19,361,251.35 1.63 108 5.4419 1.443669
Florida 7 45,803,179.23 3.85 104 5.2655 1.366254
Georgia 1 1,398,033.18 0.12 107 5.8000 1.420000
Kansas 1 20,432,029.43 1.72 103 5.6400 1.380000
Maryland 2 4,780,059.64 0.40 202 7.6491 1.323638
Minnesota 1 1,506,071.35 0.13 168 5.5000 1.190000
Nevada 1 7,099,381.42 0.60 107 5.4000 1.410000
New Mexico 1 3,251,552.14 0.27 107 5.1600 1.600000
New York 1 9,325,047.17 0.78 109 5.6500 1.280000
North Carolina 3 19,993,659.78 1.68 111 5.6363 1.351717
North Dakota 2 12,778,632.98 1.07 108 5.2416 1.533967
Pennsylvania 1 7,155,263.06 0.60 108 5.3000 1.970000
South Carolina 1 1,380,844.70 0.12 187 8.6250 1.130000
Texas 5 36,575,573.02 3.07 99 5.5380 1.411076
Virginia 2 4,598,338.34 0.39 107 5.8282 1.188360
Washington 1 1,679,762.27 0.14 109 5.3500 1.210000
Washington,DC 2 30,528,870.06 2.57 107 5.1564 1.429570
Totals 45 297,970,728.76 25.05 106 5.4523 1.387348
Debt Service Coverage Ratio (1)
Debt Service # of Scheduled % of WAM WAC Weighted
Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
1.04 or less 2 11,768,386.16 0.99 82 5.2565 1.005130
1.05 to 1.09 1 11,852,665.22 1.00 73 5.2000 1.080000
1.10 to 1.14 4 12,535,766.35 1.05 117 5.7402 1.115353
1.15 to 1.19 3 9,320,638.34 0.78 212 6.6385 1.175555
1.20 to 1.24 2 25,701,192.62 2.16 107 5.4435 1.228693
1.25 to 1.29 4 35,424,819.25 2.98 103 5.3570 1.263480
1.30 to 1.34 0 0.00 0.00 0 0.0000 0.000000
1.35 to 1.39 6 70,456,143.46 5.92 104 5.3911 1.373046
1.40 to 1.44 4 34,798,219.82 2.93 103 5.4804 1.422003
1.45 to 1.49 5 33,941,929.84 2.85 101 5.4404 1.482342
1.50 to 1.54 1 1,579,952.18 0.13 108 5.5000 1.510000
1.55 to 1.59 3 9,788,909.71 0.82 107 5.4236 1.573602
1.60 to 1.64 3 13,822,720.20 1.16 109 5.2656 1.620291
1.65 to 1.69 0 0.00 0.00 0 0.0000 0.000000
1.70 to 1.74 1 5,621,409.09 0.47 108 5.0400 1.730000
1.75 to 1.79 2 8,009,053.70 0.67 117 6.1077 1.778004
1.80 to 1.84 0 0.00 0.00 0 0.0000 0.000000
1.85 to 1.89 0 0.00 0.00 0 0.0000 0.000000
1.90 to 1.99 3 11,393,430.17 0.96 108 5.2963 1.957087
2.00 to 2.19 0 0.00 0.00 0 0.0000 0.000000
2.20 to 2.29 0 0.00 0.00 0 0.0000 0.000000
2.30 or greater 1 1,955,492.65 0.16 106 5.2500 2.300000
Totals 45 297,970,728.76 25.05 106 5.4523 1.387348
Property Type (3)
Property # of Scheduled % of WAM WAC Weighted
Type Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Mobile Home Park 7 23,322,542.72 1.96 103 5.4144 1.545049
Multi-Family 38 274,648,186.04 23.09 107 5.4555 1.373957
Totals 45 297,970,728.76 25.05 106 5.4523 1.387348
Note Rate
Note Rate # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
5.249% or less 9 80,109,036.75 6.73 97 5.1179 1.316557
5.250% to 5.499% 18 123,016,567.34 10.34 110 5.4023 1.446651
5.500% to 5.749% 13 84,624,901.01 7.11 102 5.5760 1.385279
5.750% to 5.999% 1 1,398,033.18 0.12 107 5.8000 1.420000
6.000% to 6.249% 1 3,018,386.16 0.25 107 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 2,979,237.33 0.25 171 8.6250 1.473367
8.750% to 9.249% 0 0.00 0.00 0 0.0000 0.000000
9.250% or greater 1 2,824,566.99 0.24 268 9.3100 1.160000
Totals 45 297,970,728.76 25.05 106 5.4523 1.387348
Seasoning
Seasoning # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
12 months or less 24 138,288,339.66 11.62 105 5.3522 1.399064
13 to 24 months 19 155,476,977.41 13.07 104 5.4431 1.383343
25 to 36 months 1 1,380,844.70 0.12 187 8.6250 1.130000
37 to 48 months 1 2,824,566.99 0.24 268 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 45 297,970,728.76 25.05 106 5.4523 1.387348
Anticipated Remaining Term (ARD and Balloon Loans)
Anticipated # of Scheduled % of WAM WAC Weighted
Remaining Term (2) Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
60 months or less 2 5,085,844.60 0.43 48 5.5275 1.424054
61 to 84 months 3 25,381,823.43 2.13 73 5.1028 1.086314
85 to 108 months 24 203,009,131.26 17.06 106 5.4136 1.426948
109 to 120 months 11 52,194,053.80 4.39 109 5.3727 1.409050
121 to 156 months 0 0.00 0.00 0 0.0000 0.000000
157 to 168 months 1 1,598,392.63 0.13 157 8.6250 1.770000
169 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 to 192 months 1 1,380,844.70 0.12 187 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 2,824,566.99 0.24 268 9.3100 1.160000
277 months and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 43 291,474,657.41 24.50 105 5.4518 1.391918
Remaining Stated Term (Fully Amortizing Loans)
Remaining Stated # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<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 6,496,071.35 0.55 187 5.4770 1.182318
Totals 2 6,496,071.35 0.55 187 5.4770 1.182318
Remaining Amortization Term (ARD and Balloon Loans)
Remaining Amortization # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<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 7,633,434.26 0.64 108 5.3612 1.768364
250 to 274 months 0 0.00 0.00 0 0.0000 0.000000
275 to 299 months 4 14,634,065.65 1.23 108 5.5574 1.467088
300 to 324 months 1 2,824,566.99 0.24 268 9.3100 1.160000
325 months or greater 35 266,382,590.51 22.39 103 5.4077 1.379460
Totals 43 291,474,657.41 24.50 105 5.4518 1.391918
Age of Most Recent NOI
Age of Most # of Scheduled % of WAM WAC Weighted
Recent NOI Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Underwriter's Information 12 68,794,971.78 5.78 115 5.6667 1.421872
1 year or less 33 229,175,756.98 19.26 104 5.3880 1.376985
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 45 297,970,728.76 25.05 106 5.4523 1.387348
<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 ommission 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>
343005011 1 RT Portland OR 312,823.52 81,122.40 5.420%
502767418 2 OF Philadelphia PA 225,714.85 46,401.74 6.080%
502752708 3 OF New York NY 165,375.00 0.00 5.670%
502764101 4 MF Washington DC 122,780.06 35,567.55 5.150%
502756439 5 MF Sacramento CA 130,500.00 0.00 5.800%
502769501 6 RT Columbia SC 87,196.67 0.00 4.040%
502768814 7 OF New York NY 122,261.29 26,503.09 5.930%
502762819 8 MF Glendale AZ 109,221.88 27,424.85 5.450%
310100068 9 RT Lakewood CO 95,312.98 23,650.77 5.570%
801000010 10 MF Overland Park KS 96,142.36 23,791.23 5.640%
502768323 11 OF Washington DC DC 90,641.67 0.00 5.960%
502764302 12 OF Mount Kisco NY 86,673.87 19,400.62 5.840%
701000013 13 OF Lanham MD 81,478.91 20,865.88 5.725%
502762107 14 MF Framingham MA 77,491.67 0.00 5.470%
701000015 15 RT Henderson NV 75,611.45 20,061.13 5.420%
801000016 16 MU Portland OR 78,179.58 19,084.65 5.650%
701000017 17 OF Washington DC 78,696.86 17,907.35 5.780%
502770417 18 RT San Diego CA 73,251.32 18,787.59 5.450%
502765507 19 RT Parkland FL 75,037.80 17,724.90 5.690%
310100005 20 IN Wilmington MA 81,503.58 15,449.84 6.400%
701000021 21 RT Raleigh NC 73,139.60 16,887.38 5.820%
502764801 22 MF Durham NC 67,000.00 0.00 5.360%
502720204 23 IN Various WI 71,099.96 16,435.97 5.750%
502765003 24 OF San Diego CA 63,710.97 18,285.41 5.160%
701000025 25 OF Tumwater WA 68,003.01 16,063.19 5.690%
502764109 26 MF Christiana DE 63,617.21 16,578.92 5.420%
701000027 27 OF Miami FL 64,831.25 0.00 5.500%
502749415 28 RT Palm Beach Gardens FL 68,509.62 14,888.17 5.940%
502765717 29 MF Seabrook TX 59,811.32 15,136.83 5.500%
502764911 30 OF San Diego CA 55,107.74 15,875.67 5.150%
701000031 31 MF Austin TX 56,742.23 14,131.11 5.560%
502769917 32 MF Miami FL 51,424.25 14,469.06 5.200%
502768418 33 OF San Diego CA 55,376.12 13,513.36 5.600%
701000034 34 RT Simi Valley CA 51,128.98 12,436.51 5.660%
502764301 35 RT Fairview Heights IL 48,936.53 12,384.68 5.500%
801000036 36 RT Valencia CA 49,389.91 11,708.69 5.680%
502757713 37 RT Flowery Branch GA 48,675.22 11,947.52 5.600%
502769502 38 LO Norfolk VA 48,701.79 16,285.69 5.730%
310100109 39 OF Northbrook IL 44,714.77 11,468.49 5.450%
801000040 40 OF Sacramento CA 45,844.96 10,868.46 5.650%
701000041 41 MF Halfmoon NY 43,976.49 15,091.27 5.650%
701000042 42 OF Anchorage AK 39,863.94 10,333.98 5.450%
701000043 43 MF Phoenix AZ 36,458.33 0.00 5.000%
310100103 44 OF Ann Arbor MI 38,108.16 9,253.36 5.600%
502766015 45 RT Boone NC 34,576.25 9,801.71 5.180%
801000046 46 OF Des Moines IA 38,172.27 8,483.51 5.860%
801000047 47 MU Tempe AZ 32,669.72 9,024.72 5.310%
701000048 48 RT Westport CT 36,059.92 8,081.09 5.890%
801000049 49 RT Various TX 37,274.92 7,270.31 6.230%
701000050 50 MF Fargo ND 32,245.60 8,465.39 5.400%
502755510 51 MF State College PA 31,640.48 8,619.11 5.300%
801000052 52 MF Las Vegas NV 31,985.22 8,445.00 5.400%
701000053 53 MF Atlantic Beach FL 30,129.94 8,637.93 5.150%
310100060 54 RT Federal Heights CO 32,315.00 8,018.58 5.570%
801000055 55 MF Fairfield CA 30,512.52 8,358.81 5.300%
502754448 56 RT Miami Beach FL 34,516.63 7,406.91 5.990%
701000057 57 RT Mohegan Lake NY 35,548.71 7,233.31 6.180%
502741201 58 OF Harrisburg PA 32,061.52 7,491.94 5.720%
801000059 59 RT Troutdale OR 31,449.45 7,192.23 5.780%
310100063 60 RT Lakewood CO 30,073.26 7,462.32 5.570%
310100099 61 MH Apache Junction AZ 28,939.40 7,560.10 5.400%
410100084 62 MF Pensacola FL 29,309.67 7,515.09 5.480%
310100069 63 SS Chula Vista CA 34,666.08 9,222.39 6.500%
310100050 64 OF Lakeside CO 32,059.41 6,911.37 6.000%
701000065 65 MF Atlantic Beach FL 27,159.38 7,786.30 5.150%
410100105 66 MF Torrance CA 28,069.47 7,094.56 5.490%
502772602 67 SS Fairfax Station VA 27,781.31 9,753.41 5.580%
701000068 68 OF Lone Tree CO 26,683.47 7,100.56 5.350%
502754814 69 OF Bannockburn IL 28,100.00 0.00 5.620%
502759109 70 MF Yorktown Heights NY 24,933.96 7,458.93 5.050%
701000071 71 MF Fargo ND 23,639.73 7,098.60 5.040%
502748108 72 RT Boca Raton FL 27,796.88 0.00 5.930%
701000073 73 OF Sacramento CA 32,135.16 5,096.64 7.150%
310100056 74 MF Dallas TX 24,732.22 6,280.70 5.520%
502761803 75 MF Christiana DE 24,287.02 6,146.47 5.500%
502764713 76 SS Springfield VA 25,721.59 8,324.64 5.870%
701000077 77 OF Wellington FL 24,205.00 0.00 5.640%
701000078 78 MF Brandon FL 22,746.08 0.00 5.470%
502765001 79 MF Miami FL 20,137.78 6,057.27 5.050%
502767415 80 RT Elgin IL 23,072.91 5,183.00 5.830%
310100087 81 RT New York NY 25,035.35 6,926.14 6.350%
701000082 82 RT Plano TX 22,594.38 5,185.72 5.770%
502760701 83 RT Colorado Springs CO 22,593.19 7,242.78 5.900%
801000084 84 RT Lexington NC 21,275.15 10,447.19 5.800%
410100083 85 MF Pensacola FL 20,291.31 5,202.76 5.480%
701000086 86 RT Cordova TN 20,354.85 4,960.15 5.620%
701000087 87 IN Denver CO 18,368.92 7,272.05 5.200%
310100088 88 RT Destin FL 21,127.55 4,216.34 6.150%
502768426 89 RT Las Vegas NV 20,308.70 4,272.87 6.000%
502755914 90 RT Las Vegas NV 23,077.88 7,659.63 6.910%
502768925 91 MF Stockton CA 16,307.66 5,043.14 4.950%
502755808 92 RT Goodyear AZ 18,874.93 4,467.98 5.750%
310100014 93 OF Dallas TX 19,969.40 4,170.27 6.120%
502765720 94 OF Las Vegas NV 18,041.80 4,396.49 5.620%
502749508 95 RT Mount Prospect IL 19,179.81 4,202.66 6.000%
502762508 96 RT Omaha NE 18,734.71 3,985.86 6.000%
310100057 97 MF White Settlement TX 17,192.57 4,165.15 5.650%
701000098 98 RT Bothell WA 16,856.33 4,039.61 5.650%
310100092 99 MH Santa Ana CA 16,598.96 4,045.19 5.590%
310100094 100 MH Santa Ana CA 16,598.96 4,045.19 5.590%
701000101 101 RT Dallas TX 18,313.57 8,196.83 6.250%
502735515 102 MF Greenville NC 15,458.86 8,518.46 5.450%
502765613 103 RT Dickinson TX 15,557.39 3,917.77 5.500%
310100085 104 MH Las Cruces NM 13,999.05 4,040.15 5.160%
502736006 105 IN Menominee MI 16,724.50 7,396.13 6.250%
701000106 106 RT Ft. Lauderdale FL 15,284.82 3,491.28 5.800%
502755923 107 RT Colonie NY 18,720.84 6,035.62 7.350%
502753022 108 SS Brandon FL 14,112.37 3,528.01 5.520%
701000109 109 RT San Jose CA 15,026.03 4,758.25 5.900%
502751738 110 MF Richmond VA 15,108.00 3,214.26 6.000%
128878895 111 MF Aberdeen MD 21,929.87 2,053.91 9.310%
502765330 112 MF Lafayette CA 12,941.35 3,215.97 5.550%
701000113 113 RT Fontana CA 13,374.22 3,054.87 5.800%
310100095 114 MH San Luis AZ 11,841.01 6,751.21 5.290%
801000115 115 RT Mesa AZ 12,931.29 2,953.07 5.770%
502765609 116 RT Lodi CA 12,940.05 6,045.37 6.000%
310100096 117 MH Mesquite TX 11,228.11 3,055.00 5.290%
801000118 118 RT Alpharetta GA 11,386.67 2,619.08 5.750%
502770502 119 SS Oldsmar FL 10,698.09 2,674.46 5.520%
310100089 120 MH McAllen TX 10,512.29 2,660.41 5.500%
502768321 121 SS Maple Shade NJ 10,590.31 3,396.65 5.860%
310100062 122 RT Jefferson City MO 9,902.17 2,457.11 5.570%
701000123 123 RT Holly Springs GA 10,444.85 4,831.61 6.100%
701000124 124 RT Conroe TX 9,836.92 2,217.64 5.820%
310100015 125 OF Houston TX 10,147.97 2,119.23 6.120%
701000126 126 MF Washington DC 8,570.22 3,414.74 5.250%
701000127 127 MF Landover MD 8,570.22 3,414.74 5.250%
502756535 128 RT Shippensburg PA 9,472.23 3,036.54 5.900%
310100070 129 RT Deerfield Beach FL 8,928.17 11,094.97 5.910%
801000130 130 IN Springfield VA 8,559.83 2,807.64 5.790%
701000131 131 RT Denver CO 8,740.19 1,936.27 5.900%
701000132 132 RT West Columbia SC 8,772.65 1,938.39 5.930%
701000133 133 MF Spokane Valley WA 7,497.84 1,995.20 5.350%
502763514 134 MU Richmond VA 8,008.62 1,842.09 5.750%
502765328 135 MF Layfayette CA 7,636.77 1,897.76 5.550%
502755922 136 RT Baltimore MD 9,201.79 4,993.19 6.850%
310100043 137 RT Pantego TX 9,312.29 1,499.49 6.850%
310100016 138 OF Houston TX 8,188.71 1,710.07 6.120%
125129420 139 MF Salisbury NC 11,496.27 1,088.37 8.625%
502746509 140 MH Newfield NY 8,172.20 3,614.02 6.250%
502763203 141 MF Charlottesville VA 7,249.86 1,834.76 5.500%
310100093 142 MH Coachella CA 6,889.32 3,927.97 5.290%
701000143 143 OF Huntersville NC 6,976.88 1,829.36 5.390%
701000144 144 MF Two Harbors MN 6,930.36 6,008.17 5.500%
701000145 145 RT Aurora IL 7,146.31 1,530.44 5.950%
701000146 146 RT Kennesaw GA 7,246.28 2,146.43 6.130%
701000147 147 MF Hapeville GA 6,767.99 2,239.89 5.800%
125157750 148 MF Inman SC 9,932.15 1,019.13 8.625%
310100072 149 RT Boca Raton FL 6,489.03 8,063.87 5.910%
310100073 150 RT Hialeah FL 3,773.76 4,689.63 5.910%
310100074 151 RT Fort Lauderdale FL 2,825.62 4,029.66 5.910%
310100071 152 RT Tamarac FL 2,347.09 3,347.22 5.910%
Totals 5,585,571.27 1,248,469.74
Loan Anticipated Maturity Neg. Beginning Ending Paid Thru
Number Repayment Date Amort Scheduled Scheduled Date
Date (Y/N) Balance Balance
<s> <c> <c> <c> <c> <c> <c>
343005011 06/11/2013 06/11/2033 N 69,259,819.90 69,178,697.50 05/11/2004
502767418 05/11/2013 05/11/2033 N 44,548,984.10 44,502,582.36 05/11/2004
502752708 N/A 02/11/2013 N 35,000,000.00 35,000,000.00 05/11/2004
502764101 N/A 04/11/2013 N 28,608,944.96 28,573,377.41 05/11/2004
502756439 N/A 04/11/2013 N 27,000,000.00 27,000,000.00 05/11/2004
502769501 N/A 06/11/2010 N 25,900,000.00 25,900,000.00 05/11/2004
502768814 N/A 05/11/2013 N 24,740,901.82 24,714,398.73 05/11/2004
502762819 N/A 04/11/2013 N 24,048,855.20 24,021,430.35 05/11/2004
310100068 04/11/2013 04/11/2033 N 20,534,214.41 20,510,563.64 05/11/2004
801000010 N/A 12/01/2012 N 20,455,820.66 20,432,029.43 05/01/2004
502768323 N/A 05/11/2013 N 18,250,000.00 18,250,000.00 05/11/2004
502764302 N/A 05/11/2013 N 17,809,699.93 17,790,299.31 05/11/2004
701000013 N/A 02/01/2012 N 17,078,548.44 17,057,682.56 05/01/2004
502762107 N/A 05/11/2013 N 17,000,000.00 17,000,000.00 05/11/2004
701000015 02/01/2012 02/01/2033 N 16,740,543.50 16,720,482.37 05/01/2004
801000016 N/A 02/01/2012 N 16,604,511.72 16,585,427.07 05/01/2004
701000017 N/A 06/01/2013 N 16,338,447.64 16,320,540.29 05/01/2004
502770417 N/A 06/11/2013 N 16,128,732.03 16,109,944.44 05/11/2004
502765507 N/A 05/11/2013 N 15,825,195.51 15,807,470.61 05/11/2004
310100005 12/11/2012 12/11/2032 N 15,281,922.17 15,266,472.33 05/11/2004
701000021 N/A 01/01/2013 N 15,080,330.58 15,063,443.20 05/01/2004
502764801 N/A 04/11/2013 N 15,000,000.00 15,000,000.00 05/11/2004
502720204 N/A 05/11/2013 N 14,838,252.38 14,821,816.41 05/11/2004
502765003 05/11/2010 04/17/2033 N 14,816,504.22 14,798,218.81 05/11/2004
701000025 05/11/2012 05/11/2033 N 14,341,583.39 14,325,520.20 05/11/2004
502764109 N/A 05/11/2013 N 14,084,990.59 14,068,411.67 05/11/2004
701000027 05/11/2011 05/11/2033 N 14,145,000.00 14,145,000.00 05/11/2004
502749415 N/A 04/11/2013 N 13,840,327.34 13,825,439.17 05/11/2004
502765717 N/A 05/11/2013 N 13,049,741.95 13,034,605.12 05/11/2004
502764911 05/11/2010 04/16/2033 N 12,840,637.60 12,824,761.93 05/11/2004
701000031 N/A 04/01/2012 N 12,246,524.66 12,232,393.55 05/01/2004
502769917 N/A 06/11/2010 N 11,867,134.28 11,852,665.22 05/11/2004
502768418 N/A 05/11/2013 N 11,866,311.82 11,852,798.46 05/11/2004
701000034 N/A 02/01/2008 N 10,840,066.50 10,827,629.99 05/01/2004
502764301 N/A 05/11/2013 N 10,677,061.63 10,664,676.95 05/11/2004
801000036 N/A 05/01/2013 N 10,434,487.18 10,422,778.49 05/01/2004
502757713 N/A 04/11/2013 N 10,430,404.55 10,418,457.03 05/11/2004
502769502 N/A 06/11/2013 N 10,199,327.00 10,183,041.31 05/11/2004
310100109 N/A 06/11/2013 N 9,845,452.99 9,833,984.50 05/11/2004
801000040 N/A 07/01/2013 N 9,736,983.71 9,726,115.25 05/01/2004
701000041 N/A 06/11/2013 N 9,340,138.44 9,325,047.17 05/11/2004
701000042 04/11/2009 05/11/2033 N 8,777,380.41 8,767,046.43 05/11/2004
701000043 N/A 06/11/2010 N 8,750,000.00 8,750,000.00 05/11/2004
310100103 N/A 06/11/2013 N 8,166,034.85 8,156,781.49 05/11/2004
502766015 N/A 06/11/2013 N 8,009,942.76 8,000,141.05 05/11/2004
801000046 N/A 05/01/2013 N 7,816,846.84 7,808,363.33 05/01/2004
801000047 N/A 02/01/2008 N 7,382,987.86 7,373,963.14 05/01/2004
701000048 N/A 02/01/2013 N 7,346,672.53 7,338,591.44 05/01/2004
801000049 N/A 05/11/2013 N 7,179,759.13 7,172,488.82 05/11/2004
701000050 N/A 05/11/2013 N 7,165,689.28 7,157,223.89 05/11/2004
502755510 05/11/2013 05/06/2033 N 7,163,882.17 7,155,263.06 05/11/2004
801000052 N/A 04/01/2013 N 7,107,826.42 7,099,381.42 05/01/2004
701000053 N/A 06/11/2013 N 7,020,568.88 7,011,930.95 05/11/2004
310100060 04/11/2013 04/11/2033 N 6,961,939.19 6,953,920.61 05/11/2004
801000055 N/A 04/01/2012 N 6,908,494.60 6,900,135.79 05/01/2004
502754448 N/A 03/11/2013 N 6,914,850.68 6,907,443.77 05/11/2004
701000057 N/A 01/01/2013 N 6,902,662.65 6,895,429.34 05/01/2004
502741201 N/A 05/11/2013 N 6,726,192.23 6,718,700.29 05/11/2004
801000059 N/A 05/01/2013 N 6,529,297.13 6,522,104.90 05/01/2004
310100063 04/11/2013 04/11/2033 N 6,478,978.72 6,471,516.40 05/11/2004
310100099 N/A 06/11/2013 N 6,430,978.71 6,423,418.61 05/11/2004
410100084 N/A 04/11/2013 N 6,418,176.16 6,410,661.07 05/11/2004
310100069 N/A 04/11/2013 N 6,399,891.08 6,390,668.69 05/11/2004
310100050 N/A 02/11/2013 N 6,411,881.08 6,404,969.71 05/11/2004
701000065 N/A 06/11/2013 N 6,328,400.17 6,320,613.87 05/11/2004
410100105 N/A 06/11/2013 N 6,135,404.30 6,128,309.74 05/11/2004
502772602 N/A 06/11/2013 N 5,974,474.82 5,964,721.41 05/11/2004
701000068 N/A 06/11/2013 N 5,985,078.28 5,977,977.72 05/11/2004
502754814 N/A 05/11/2013 N 6,000,000.00 6,000,000.00 05/11/2004
502759109 N/A 05/11/2013 N 5,924,900.89 5,917,441.96 05/11/2004
701000071 N/A 05/11/2013 N 5,628,507.69 5,621,409.09 05/11/2004
502748108 N/A 01/11/2013 N 5,625,000.00 5,625,000.00 05/11/2004
701000073 N/A 12/01/2011 N 5,393,314.07 5,388,217.43 05/01/2004
310100056 N/A 03/11/2013 N 5,376,569.73 5,370,289.03 05/11/2004
502761803 N/A 05/11/2013 N 5,298,986.15 5,292,839.68 05/11/2004
502764713 N/A 04/11/2013 N 5,258,246.59 5,249,921.95 05/11/2004
701000077 N/A 05/11/2013 N 5,150,000.00 5,150,000.00 05/11/2004
701000078 N/A 06/11/2020 N 4,990,000.00 4,990,000.00 05/11/2004
502765001 N/A 04/11/2010 N 4,785,215.48 4,779,158.21 05/11/2004
502767415 N/A 05/11/2013 N 4,749,141.48 4,743,958.48 05/11/2004
310100087 N/A 05/11/2013 N 4,731,089.31 4,724,163.17 05/11/2004
701000082 N/A 05/11/2013 N 4,699,003.58 4,693,817.86 05/11/2004
502760701 04/11/2013 04/08/2028 N 4,595,225.34 4,587,982.56 05/11/2004
801000084 N/A 06/11/2023 N 4,401,756.03 4,391,308.84 05/11/2004
410100083 N/A 04/11/2013 N 4,443,352.67 4,438,149.91 05/11/2004
701000086 N/A 04/11/2013 N 4,346,231.31 4,341,271.16 05/11/2004
701000087 N/A 07/11/2010 N 4,238,982.13 4,231,710.08 05/11/2004
310100088 N/A 06/11/2013 N 4,122,448.50 4,118,232.16 05/11/2004
502768426 06/11/2013 05/16/2033 N 4,061,739.72 4,057,466.85 05/11/2004
502755914 N/A 06/15/2024 N 4,007,735.73 4,000,076.10 05/15/2004
502768925 N/A 06/11/2013 N 3,953,373.00 3,948,329.86 05/11/2004
502755808 N/A 01/11/2013 N 3,939,116.30 3,934,648.32 04/11/2004
310100014 N/A 12/11/2012 N 3,915,567.68 3,911,397.41 05/11/2004
502765720 N/A 04/11/2013 N 3,852,341.45 3,847,944.96 05/11/2004
502749508 N/A 11/11/2012 N 3,835,962.61 3,831,759.95 05/11/2004
502762508 04/11/2013 04/11/2033 N 3,746,942.60 3,742,956.74 05/11/2004
310100057 N/A 03/11/2013 N 3,651,519.83 3,647,354.68 05/11/2004
701000098 N/A 05/11/2013 N 3,580,105.08 3,576,065.47 05/11/2004
310100092 N/A 06/11/2013 N 3,563,282.30 3,559,237.11 05/11/2004
310100094 N/A 06/11/2013 N 3,563,282.30 3,559,237.11 05/11/2004
701000101 N/A 05/11/2023 N 3,516,205.38 3,508,008.55 05/11/2004
502735515 N/A 04/11/2013 N 3,403,785.61 3,395,267.15 05/11/2004
502765613 06/11/2013 05/16/2033 N 3,394,339.72 3,390,421.95 05/11/2004
310100085 N/A 04/11/2013 N 3,255,592.29 3,251,552.14 05/11/2004
502736006 N/A 03/11/2013 N 3,211,103.14 3,203,707.01 05/11/2004
701000106 N/A 04/11/2013 N 3,162,376.83 3,158,885.55 05/11/2004
502755923 N/A 02/15/2019 N 3,056,463.96 3,050,428.34 05/15/2004
502753022 N/A 06/11/2013 N 3,067,907.10 3,064,379.09 05/11/2004
701000109 N/A 06/11/2013 N 3,056,141.23 3,051,382.98 05/11/2004
502751738 N/A 04/11/2013 N 3,021,600.42 3,018,386.16 05/11/2004
128878895 N/A 09/01/2026 N 2,826,620.90 2,824,566.99 05/01/2004
502765330 N/A 05/11/2008 N 2,798,129.93 2,794,913.96 05/11/2004
701000113 N/A 04/11/2013 N 2,767,079.68 2,764,024.81 05/11/2004
310100095 N/A 06/11/2013 N 2,686,052.24 2,679,301.03 05/11/2004
801000115 N/A 06/11/2013 N 2,689,349.92 2,686,396.85 04/11/2004
502765609 05/11/2013 05/11/2023 N 2,588,010.96 2,581,965.59 05/11/2004
310100096 N/A 06/11/2013 N 2,547,018.67 2,543,963.67 05/11/2004
801000118 N/A 06/11/2013 N 2,376,348.48 2,373,729.40 05/11/2004
502770502 N/A 06/11/2013 N 2,325,671.48 2,322,997.02 05/11/2004
310100089 N/A 05/11/2008 N 2,293,591.05 2,290,930.64 05/11/2004
502768321 N/A 06/11/2013 N 2,168,663.80 2,165,267.15 05/11/2004
310100062 04/11/2013 04/11/2033 N 2,133,322.23 2,130,865.12 05/11/2004
701000123 N/A 06/11/2023 N 2,054,725.30 2,049,893.69 05/11/2004
701000124 N/A 05/11/2013 N 2,028,231.29 2,026,013.65 05/11/2004
310100015 N/A 12/11/2012 N 1,989,797.95 1,987,678.72 05/11/2004
701000126 N/A 03/11/2013 N 1,958,907.39 1,955,492.65 05/11/2004
701000127 N/A 03/11/2013 N 1,958,907.39 1,955,492.65 05/11/2004
502756535 04/11/2013 04/03/2028 N 1,926,554.37 1,923,517.83 05/11/2004
310100070 N/A 04/11/2013 N 1,812,825.89 1,801,730.92 05/11/2004
801000130 N/A 06/01/2013 N 1,774,057.90 1,771,250.26 05/01/2004
701000131 N/A 03/11/2013 N 1,777,664.96 1,775,728.69 05/11/2004
701000132 N/A 02/11/2013 N 1,775,240.62 1,773,302.23 05/11/2004
701000133 N/A 06/11/2013 N 1,681,757.47 1,679,762.27 05/11/2004
502763514 N/A 06/11/2013 N 1,671,365.09 1,669,523.00 05/11/2004
502765328 N/A 05/11/2013 N 1,651,193.29 1,649,295.53 05/11/2004
502755922 N/A 02/15/2019 N 1,611,993.15 1,606,999.96 05/15/2004
310100043 N/A 02/11/2013 N 1,631,350.85 1,629,851.36 05/11/2004
310100016 N/A 12/11/2012 N 1,605,629.03 1,603,918.96 05/11/2004
125129420 N/A 06/01/2017 N 1,599,481.00 1,598,392.63 04/01/2004
502746509 N/A 03/11/2013 N 1,569,061.72 1,565,447.70 05/11/2004
502763203 N/A 05/11/2013 N 1,581,786.94 1,579,952.18 05/11/2004
310100093 N/A 06/11/2013 N 1,562,794.05 1,558,866.08 05/11/2004
701000143 N/A 06/11/2013 N 1,553,293.53 1,551,464.17 05/11/2004
701000144 N/A 05/11/2018 N 1,512,079.52 1,506,071.35 05/11/2004
701000145 N/A 06/11/2013 N 1,441,272.15 1,439,741.71 05/11/2004
701000146 N/A 05/11/2013 N 1,418,520.87 1,416,374.44 05/11/2004
701000147 N/A 04/11/2013 N 1,400,273.07 1,398,033.18 05/11/2004
125157750 N/A 12/01/2019 N 1,381,863.83 1,380,844.70 05/01/2004
310100072 N/A 04/11/2013 N 1,317,569.35 1,309,505.48 05/11/2004
310100073 N/A 04/11/2013 N 766,245.98 761,556.35 05/11/2004
310100074 N/A 04/11/2013 N 573,729.93 569,700.27 05/11/2004
310100071 N/A 04/11/2013 N 476,565.95 473,218.73 05/11/2004
Totals 1,190,909,748.13 1,189,661,278.39
Loan Appraisal Appraisal Res. Mod.
Number Reduction Reduction Strat. Code
Date Amount (2) (3)
<s> <c> <c> <c> <c>
Totals 0.00
<FN>
(1) Property Type Code
MF - Multi-Family
RT - Retail
HC - Health Care
IN - Industrial
WH - Warehouse
MH - Mobile Home Park
OF - Office
MU - Mixed Use
LO - Lodging
SS - Self Storage
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
Date # Balance # Balance # Balance
<s> <c> <c> <c> <c> <c> <c>
05/17/2004 0 $0.00 0 $0.00 0 $0.00
04/15/2004 0 $0.00 0 $0.00 0 $0.00
03/15/2004 0 $0.00 0 $0.00 0 $0.00
02/17/2004 0 $0.00 0 $0.00 0 $0.00
01/15/2004 0 $0.00 0 $0.00 0 $0.00
12/15/2003 0 $0.00 0 $0.00 0 $0.00
11/17/2003 0 $0.00 0 $0.00 0 $0.00
10/15/2003 1 $4,084,925.86 0 $0.00 0 $0.00
09/15/2003 0 $0.00 0 $0.00 0 $0.00
08/15/2003 0 $0.00 0 $0.00 0 $0.00
Distribution Foreclosure REO Modifications
Date # Balance # Balance # Balance
<s> <c> <c> <c> <c> <c> <c>
05/17/2004 0 $0.00 0 $0.00 0 $0.00
04/15/2004 0 $0.00 0 $0.00 0 $0.00
03/15/2004 0 $0.00 0 $0.00 0 $0.00
02/17/2004 0 $0.00 0 $0.00 0 $0.00
01/15/2004 0 $0.00 0 $0.00 0 $0.00
12/15/2003 0 $0.00 0 $0.00 0 $0.00
11/17/2003 0 $0.00 0 $0.00 0 $0.00
10/15/2003 0 $0.00 0 $0.00 0 $0.00
09/15/2003 0 $0.00 0 $0.00 0 $0.00
08/15/2003 0 $0.00 0 $0.00 0 $0.00
Prepayments Rate and Maturities
Distribution Curtailments Payoff Next Weighted Avg. WAM
Date # Amount # Amount Coupon Remit
<s> <c> <c> <c> <c> <c> <c> <c>
05/17/2004 0 $0.00 0 $0.00 5.628162% 5.579524% 105
04/15/2004 0 $0.00 0 $0.00 5.628206% 5.579567% 106
03/15/2004 0 $0.00 0 $0.00 5.628245% 5.579605% 107
02/17/2004 0 $0.00 0 $0.00 5.628292% 5.579651% 108
01/15/2004 0 $0.00 0 $0.00 5.628328% 5.579686% 109
12/15/2003 0 $0.00 0 $0.00 5.628364% 5.579721% 110
11/17/2003 0 $0.00 0 $0.00 5.628401% 5.579757% 111
10/15/2003 0 $0.00 0 $0.00 5.628428% 5.579783% 112
09/15/2003 0 $0.00 0 $0.00 5.628483% 5.579838% 113
08/15/2003 0 $0.00 0 $0.00 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 Through Current Outstanding Status of
Loan Number Document Months Date P & I P & I Mortgage
Cross- Delinq. Advances Advances ** Loan (1)
Reference
<s> <c> <c> <c> <c> <c> <c>
502755808 92 0 04/11/2004 23,080.30 23,080.30 B
801000115 115 0 04/11/2004 15,637.84 15,637.84 B
125129420 139 0 04/01/2004 12,531.32 12,531.32 A
Totals 3 51,249.46 51,249.46
Resolution Servicing Actual Outstanding
Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO
Number Code (2) Date Date Balance Advances Date Date
<s> <c> <c> <c> <c> <c> <c> <c>
502755808 3,939,116.30 0.00
801000115 2,689,349.92 0.00
125129420 1,599,481.00 0.00
Totals 8,227,947.22 0.00
Current Outstanding Actual Outstanding
P & I P & I Principal Servicing
Advances Advances** Balance Advances
<s> <c> <c> <c> <c>
Totals By Delinquency Code:
Total for Status Code = A (1 loan) 12,531.32 12,531.32 1,599,481.00 0.00
Total for Status Code = B (2 loans) 38,718.14 38,718.14 6,628,466.22 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