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: September 10, 2004
(Date of earliest event reported)
Commission File No.: 333-89322-06
Banc of America Commercial Mortgage Inc.
Commercial Mortgage Pass-Through Certificates
Series 2004-3
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
54-2157770
54-2157771
54-2157772
54-6621672
(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)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On September 10, 2004, a distribution was made to holders of Banc of
America Commercial Mortgage Inc., Commercial Mortgage Pass-Through
Certificates, Series 2004-3.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial Mortgage
Pass-Through Certificates, Series 2004-3, relating to the
September 10, 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.
Banc of America Commercial Mortgage Inc.
Commercial Mortgage Pass-Through Certificates
Series 2004-3
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: September 10, 2004
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial
Mortgage Pass-Through Certificates, Series 2004-3,
relating to the September 10, 2004 distribution.
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
Banc of America Commercial Mortgage Inc.
Commercial Mortgage Pass-Through Certificates
Series 2004-3
For Additional Information, please contact
CTSLink Customer Service
(301) 815-6600
Reports Available on the World Wide Web
@ www.ctslink.com/cmbs
Payment Date: September 10, 2004
Record Date: August 31, 2004
DISTRIBUTION DATE STATEMENT
Table of Contents
STATEMENT SECTIONS PAGE(s)
Certificate Distribution Detail 2 - 3
Certificate Factor Detail 4 - 5
Reconciliation Detail 6 - 7
Other Required Information 8
Cash Reconciliation 9
Ratings Detail 10 - 11
Current Mortgage Loan and Property Stratification Tables 12 - 20
Mortgage Loan Detail 21 - 24
Principal Prepayment Detail 25
Historical Detail 26
Delinquency Loan Detail 27 - 28
Specially Serviced Loan Detail 29 - 30
Modified Loan Detail 31
Liquidated Loan Detail 32
Depositor
Banc of America Commercial Mortgage Inc.
214 North Tryon Street
Charlotte, NC 28255
Contact: Rochelle Dobbs
Phone Number: (212) 847-6457
Master Servicer
Banc of America N.A.
900 West Trade Street, Suite 650
Charlotte, NC 28255
Contact: Cynthia Downs
Phone Number: (704) 317-0712
Special Servicer
Midland Loan Services, Inc.
10851 Mastin Street, Bldg. 82
Suite 700
Overland Park, KS 66210
Contact: Brad Hauger
Phone Number: (913) 253-9000
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 05947UUY2 2.975000% 23,000,000.00 22,317,775.49 685,508.25 55,329.49
A-2 05947UUZ9 4.348000% 34,000,000.00 34,000,000.00 0.00 123,193.33
A-3 05947UVA3 4.875000% 125,000,000.00 125,000,000.00 0.00 507,812.50
A-4 05947UVB1 5.176000% 110,000,000.00 110,000,000.00 0.00 474,466.67
A-5 05947UVC9 5.483502% 414,397,485.00 414,397,485.00 0.00 1,893,624.37
A-1A 05947USJ8 5.207000% 284,159,066.00 284,013,472.83 146,256.68 1,232,381.79
B 05947UVD7 5.538502% 28,879,200.00 28,879,200.00 0.00 133,289.58
C 05947UVE5 5.538502% 11,551,680.00 11,551,680.00 0.00 53,315.83
D 05947UVF2 5.538502% 24,547,319.00 24,547,319.00 0.00 113,296.14
E 05947UVG0 5.538502% 11,551,680.00 11,551,680.00 0.00 53,315.83
F 05947USK5 5.538502% 15,883,560.00 15,883,560.00 0.00 73,309.27
G 05947USL3 5.538502% 11,551,680.00 11,551,680.00 0.00 53,315.83
H 05947USM1 5.538502% 15,883,560.00 15,883,560.00 0.00 73,309.27
J 05947USN9 5.102000% 4,331,880.00 4,331,880.00 0.00 18,417.71
K 05947USP4 5.102000% 5,775,840.00 5,775,840.00 0.00 24,556.95
L 05947USQ2 5.102000% 5,775,840.00 5,775,840.00 0.00 24,556.95
M 05947USR0 5.102000% 4,331,880.00 4,331,880.00 0.00 18,417.71
N 05947USS8 5.102000% 2,887,920.00 2,887,920.00 0.00 12,278.47
O 05947UST6 5.102000% 2,887,920.00 2,887,920.00 0.00 12,278.47
P 05947USU3 5.102000% 18,771,480.00 18,771,480.00 0.00 79,714.60
CC-A 05947USW9 5.703000% 2,015,293.00 2,013,269.59 2,032.63 9,887.00
CC-B 05947USX7 5.169000% 4,476,821.00 4,472,326.14 4,515.32 19,906.70
CC-C 05947USY5 5.024000% 3,783,229.00 3,779,430.53 3,815.77 16,350.66
CC-D 05947USZ2 5.529000% 6,305,382.00 6,299,051.21 6,359.61 29,990.31
CC-E 05947UTA6 5.270000% 4,413,767.00 4,409,335.45 4,451.73 20,009.81
CC-F 05947UTB4 5.858000% 4,005,508.00 4,001,486.36 4,039.96 20,185.05
SS-A 05947UTC2 6.100000% 3,254,968.00 3,254,968.00 0.00 17,097.63
SS-B 05947UTD0 7.250000% 2,326,617.00 2,326,617.00 0.00 14,525.21
SS-C 05947UTE8 7.250000% 3,489,925.00 3,489,925.00 0.00 21,787.82
SS-D 05947UTF5 7.250000% 4,653,234.00 4,653,234.00 0.00 29,050.42
UH-A 05947UTG3 5.345000% 12,076,447.00 12,062,149.63 14,376.78 55,517.72
UH-B 05947UTH1 5.392000% 8,809,641.00 8,799,211.22 10,487.71 40,855.72
UH-C 05947UTJ7 5.436000% 3,089,785.00 3,086,126.99 3,678.33 14,446.16
UH-D 05947UTK4 5.536000% 9,495,416.00 9,484,174.33 11,304.11 45,212.11
UH-E 05947UTL2 5.631000% 5,034,080.00 5,028,120.12 5,992.97 24,380.94
UH-F 05947UTM0 5.726000% 6,233,649.00 6,226,268.95 7,421.04 30,700.00
UH-G 05947UTN8 5.869000% 6,351,552.00 6,344,032.36 7,561.40 32,061.86
UH-H 05947UTP3 6.012000% 5,034,080.00 5,028,120.12 5,992.97 26,030.58
UH-J 05947UTQ1 6.298000% 16,875,350.00 16,855,371.18 20,089.78 91,411.36
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 1,266,892,734.00 1,265,953,390.50 943,885.04 5,589,587.82
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 05947UUY2 0.00 0.00 740,837.74 21,632,267.24 14.27%
A-2 05947UUZ9 0.00 0.00 123,193.33 34,000,000.00 14.27%
A-3 05947UVA3 0.00 0.00 507,812.50 125,000,000.00 14.27%
A-4 05947UVB1 0.00 0.00 474,466.67 110,000,000.00 14.27%
A-5 05947UVC9 0.00 0.00 1,893,624.37 414,397,485.00 14.27%
A-1A 05947USJ8 0.00 0.00 1,378,638.47 283,867,216.15 14.27%
B 05947UVD7 0.00 0.00 133,289.58 28,879,200.00 11.77%
C 05947UVE5 0.00 0.00 53,315.83 11,551,680.00 10.77%
D 05947UVF2 0.00 0.00 113,296.14 24,547,319.00 8.64%
E 05947UVG0 0.00 0.00 53,315.83 11,551,680.00 7.64%
F 05947USK5 0.00 0.00 73,309.27 15,883,560.00 6.26%
G 05947USL3 0.00 0.00 53,315.83 11,551,680.00 5.26%
H 05947USM1 0.00 0.00 73,309.27 15,883,560.00 3.88%
J 05947USN9 0.00 0.00 18,417.71 4,331,880.00 3.51%
K 05947USP4 0.00 0.00 24,556.95 5,775,840.00 3.00%
L 05947USQ2 0.00 0.00 24,556.95 5,775,840.00 2.50%
M 05947USR0 0.00 0.00 18,417.71 4,331,880.00 2.13%
N 05947USS8 0.00 0.00 12,278.47 2,887,920.00 1.88%
O 05947UST6 0.00 0.00 12,278.47 2,887,920.00 1.63%
P 05947USU3 0.00 0.00 79,714.60 18,771,480.00 0.00%
CC-A 05947USW9 0.00 0.00 11,919.63 2,011,236.96 0.00%
CC-B 05947USX7 0.00 0.00 24,422.02 4,467,810.82 0.00%
CC-C 05947USY5 0.00 0.00 20,166.43 3,775,614.76 0.00%
CC-D 05947USZ2 0.00 0.00 36,349.92 6,292,691.60 0.00%
CC-E 05947UTA6 0.00 0.00 24,461.54 4,404,883.72 0.00%
CC-F 05947UTB4 0.00 0.00 24,225.01 3,997,446.40 0.00%
SS-A 05947UTC2 0.00 0.00 17,097.63 3,254,968.00 0.00%
SS-B 05947UTD0 0.00 0.00 14,525.21 2,326,617.00 0.00%
SS-C 05947UTE8 0.00 0.00 21,787.82 3,489,925.00 0.00%
SS-D 05947UTF5 0.00 0.00 29,050.42 4,653,234.00 0.00%
UH-A 05947UTG3 0.00 0.00 69,894.50 12,047,772.85 0.00%
UH-B 05947UTH1 0.00 0.00 51,343.43 8,788,723.51 0.00%
UH-C 05947UTJ7 0.00 0.00 18,124.49 3,082,448.66 0.00%
UH-D 05947UTK4 0.00 0.00 56,516.22 9,472,870.22 0.00%
UH-E 05947UTL2 0.00 0.00 30,373.91 5,022,127.15 0.00%
UH-F 05947UTM0 0.00 0.00 38,121.04 6,218,847.91 0.00%
UH-G 05947UTN8 0.00 0.00 39,623.26 6,336,470.96 0.00%
UH-H 05947UTP3 0.00 0.00 32,023.55 5,022,127.15 0.00%
UH-J 05947UTQ1 0.00 0.00 111,501.14 16,835,281.40 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 6,533,472.86 1,265,009,505.46
Certificate Distribution Detail (ctnd.)
Class CUSIP Pass-Through Original Beginning Interest
Rate Notional Notional Distribution
Amount Amount
<s> <c> <c> <c> <c> <c>
X 05947USV1 0.309253% 1,155,167,990.00 1,154,340,172.32 297,486.11
Class CUSIP Prepayment Total Ending
Penalties Distribution Notional
Amount
<s> <c> <c> <c> <c>
X 05947USV1 0.00 297,486.11 1,153,508,407.39
<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 Premiums Additional Balance
Trust Fund
Expenses
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 05947UUY2 970.33806478 29.80470652 2.40563000 0.00000000 0.00000000 940.53335826
A-2 05947UUZ9 1,000.00000000 0.00000000 3.62333324 0.00000000 0.00000000 1,000.00000000
A-3 05947UVA3 1,000.00000000 0.00000000 4.06250000 0.00000000 0.00000000 1,000.00000000
A-4 05947UVB1 1,000.00000000 0.00000000 4.31333336 0.00000000 0.00000000 1,000.00000000
A-5 05947UVC9 1,000.00000000 0.00000000 4.56958461 0.00000000 0.00000000 1,000.00000000
A-1A 05947USJ8 999.48763496 0.51470003 4.33694341 0.00000000 0.00000000 998.97293493
B 05947UVD7 1,000.00000000 0.00000000 4.61541802 0.00000000 0.00000000 1,000.00000000
C 05947UVE5 1,000.00000000 0.00000000 4.61541784 0.00000000 0.00000000 1,000.00000000
D 05947UVF2 1,000.00000000 0.00000000 4.61541808 0.00000000 0.00000000 1,000.00000000
E 05947UVG0 1,000.00000000 0.00000000 4.61541784 0.00000000 0.00000000 1,000.00000000
F 05947USK5 1,000.00000000 0.00000000 4.61541808 0.00000000 0.00000000 1,000.00000000
G 05947USL3 1,000.00000000 0.00000000 4.61541784 0.00000000 0.00000000 1,000.00000000
H 05947USM1 1,000.00000000 0.00000000 4.61541808 0.00000000 0.00000000 1,000.00000000
J 05947USN9 1,000.00000000 0.00000000 4.25166671 0.00000000 0.00000000 1,000.00000000
K 05947USP4 1,000.00000000 0.00000000 4.25166729 0.00000000 0.00000000 1,000.00000000
L 05947USQ2 1,000.00000000 0.00000000 4.25166729 0.00000000 0.00000000 1,000.00000000
M 05947USR0 1,000.00000000 0.00000000 4.25166671 0.00000000 0.00000000 1,000.00000000
N 05947USS8 1,000.00000000 0.00000000 4.25166556 0.00000000 0.00000000 1,000.00000000
O 05947UST6 1,000.00000000 0.00000000 4.25166556 0.00000000 0.00000000 1,000.00000000
P 05947USU3 1,000.00000000 0.00000000 4.24658045 0.00000000 0.00000000 1,000.00000000
CC-A 05947USW9 998.99597230 1.00860272 4.90598638 0.00000000 0.00000000 997.98736958
CC-B 05947USX7 998.99597058 1.00859963 4.44661513 0.00000000 0.00000000 997.98737095
CC-C 05947USY5 998.99597143 1.00860138 4.32187954 0.00000000 0.00000000 997.98737005
CC-D 05947USZ2 998.99597043 1.00860027 4.75630342 0.00000000 0.00000000 997.98737015
CC-E 05947UTA6 998.99597102 1.00860104 4.53349939 0.00000000 0.00000000 997.98736997
CC-F 05947UTB4 998.99597255 1.00860116 5.03932335 0.00000000 0.00000000 997.98737139
SS-A 05947UTC2 1,000.00000000 0.00000000 5.25277975 0.00000000 0.00000000 1,000.00000000
SS-B 05947UTD0 1,000.00000000 0.00000000 6.24306020 0.00000000 0.00000000 1,000.00000000
SS-C 05947UTE8 1,000.00000000 0.00000000 6.24306253 0.00000000 0.00000000 1,000.00000000
SS-D 05947UTF5 1,000.00000000 0.00000000 6.24306020 0.00000000 0.00000000 1,000.00000000
UH-A 05947UTG3 998.81609467 1.19048094 4.59718989 0.00000000 0.00000000 997.62561373
UH-B 05947UTH1 998.81609478 1.19048097 4.63761463 0.00000000 0.00000000 997.62561380
UH-C 05947UTJ7 998.81609562 1.19048089 4.67545800 0.00000000 0.00000000 997.62561473
UH-D 05947UTK4 998.81609505 1.19048075 4.76146701 0.00000000 0.00000000 997.62561430
UH-E 05947UTL2 998.81609351 1.19047969 4.84317691 0.00000000 0.00000000 997.62561382
UH-F 05947UTM0 998.81609471 1.19048089 4.92488429 0.00000000 0.00000000 997.62561383
UH-G 05947UTN8 998.81609408 1.19048069 5.04787806 0.00000000 0.00000000 997.62561339
UH-H 05947UTP3 998.81609351 1.19047969 5.17087134 0.00000000 0.00000000 997.62561382
UH-J 05947UTQ1 998.81609448 1.19048079 5.41685713 0.00000000 0.00000000 997.62561369
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
Certificate Factor Detail (ctnd.)
Beginning Interest Prepayment Ending
Class CUSIP Notional Distribution Premium Notional
Amount Amount
<s> <c> <c> <c> <c> <c>
X 05947USV1 999.28337897 0.25752628 0.00000000 998.56334090
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 1,798,669.03
Master Servicing Advances Outstanding 0.00
Reimbursement for Interest on P & I Advances 95.36
paid from general collections
Master Servicing Fee Summary
<s> <c>
Current Period Accrued Master Servicing Fees 101,746.03
Less Delinquent Master Servicing Fees 29,593.56
Less Reductions to Master Servicing Fees 0.00
Plus Master Servicing Fees for Delinquent Payments Received 1,780.54
Plus Adjustments for Prior Master Servicing Calculation 0.00
Total Master Servicing Fees Collected 73,933.01
Certificate Interest Reconciliation
Class Accrued Net Aggregate Distributable Distributable
Certificate Prepayment Certificate Certificate
Interest Interest Interest Interest
Shortfall Adjustment
<s> <c> <c> <c> <c>
A-1 55,329.49 0.00 55,329.49 0.00
A-2 123,193.33 0.00 123,193.33 0.00
A-3 507,812.50 0.00 507,812.50 0.00
A-4 474,466.67 0.00 474,466.67 0.00
A-5 1,893,624.37 0.00 1,893,624.37 0.00
A-1A 1,232,381.79 0.00 1,232,381.79 0.00
X 297,486.11 0.00 297,486.11 0.00
B 133,289.58 0.00 133,289.58 0.00
C 53,315.83 0.00 53,315.83 0.00
D 113,296.14 0.00 113,296.14 0.00
E 53,315.83 0.00 53,315.83 0.00
F 73,309.27 0.00 73,309.27 0.00
G 53,315.83 0.00 53,315.83 0.00
H 73,309.27 0.00 73,309.27 0.00
J 18,417.71 0.00 18,417.71 0.00
K 24,556.95 0.00 24,556.95 0.00
L 24,556.95 0.00 24,556.95 0.00
M 18,417.71 0.00 18,417.71 0.00
N 12,278.47 0.00 12,278.47 0.00
O 12,278.47 0.00 12,278.47 0.00
P 79,810.08 0.00 79,810.08 0.00
CC-A 9,887.00 0.00 9,887.00 0.00
CC-B 19,906.70 0.00 19,906.70 0.00
CC-C 16,350.66 0.00 16,350.66 0.00
CC-D 29,990.31 0.00 29,990.31 0.00
CC-E 20,009.81 0.00 20,009.81 0.00
CC-F 20,185.05 0.00 20,185.05 0.00
SS-A 17,097.62 0.00 17,097.62 0.00
SS-B 14,525.20 0.00 14,525.20 0.00
SS-C 21,787.80 0.00 21,787.80 0.00
SS-D 29,050.40 0.00 29,050.40 0.00
UH-A 55,517.72 0.00 55,517.72 0.00
UH-B 40,855.72 0.00 40,855.72 0.00
UH-C 14,446.16 0.00 14,446.16 0.00
UH-D 45,212.11 0.00 45,212.11 0.00
UH-E 24,380.94 0.00 24,380.94 0.00
UH-F 30,700.00 0.00 30,700.00 0.00
UH-G 32,061.86 0.00 32,061.86 0.00
UH-H 26,030.58 0.00 26,030.58 0.00
UH-J 91,411.36 0.00 91,411.36 0.00
Total 5,887,169.35 0.00 5,887,169.35 0.00
Class Additional Interest Remaining Unpaid
Trust Fund Distribution Distributable
Expenses Certificate Interest
<s> <c> <c> <c>
A-1 0.00 55,329.49 0.00
A-2 0.00 123,193.33 0.00
A-3 0.00 507,812.50 0.00
A-4 0.00 474,466.67 0.00
A-5 0.00 1,893,624.37 0.00
A-1A 0.00 1,232,381.79 0.00
X 0.00 297,486.11 0.00
B 0.00 133,289.58 0.00
C 0.00 53,315.83 0.00
D 0.00 113,296.14 0.00
E 0.00 53,315.83 0.00
F 0.00 73,309.27 0.00
G 0.00 53,315.83 0.00
H 0.00 73,309.27 0.00
J 0.00 18,417.71 0.00
K 0.00 24,556.95 0.00
L 0.00 24,556.95 0.00
M 0.00 18,417.71 0.00
N 0.00 12,278.47 0.00
O 0.00 12,278.47 0.00
P 95.48 79,714.60 95.48
CC-A 0.00 9,887.00 0.00
CC-B 0.00 19,906.70 0.00
CC-C 0.00 16,350.66 0.00
CC-D 0.00 29,990.31 0.00
CC-E 0.00 20,009.81 0.00
CC-F 0.00 20,185.05 0.00
SS-A 0.00 17,097.63 0.00
SS-B 0.00 14,525.21 0.00
SS-C 0.00 21,787.82 0.00
SS-D 0.00 29,050.42 0.00
UH-A 0.00 55,517.72 0.00
UH-B 0.00 40,855.72 0.00
UH-C 0.00 14,446.16 0.00
UH-D 0.00 45,212.11 0.00
UH-E 0.00 24,380.94 0.00
UH-F 0.00 30,700.00 0.00
UH-G 0.00 32,061.86 0.00
UH-H 0.00 26,030.58 0.00
UH-J 0.00 91,411.36 0.00
Total 95.48 5,887,073.93 95.48
Other Required Information
<s> <c>
Available Distribution Amount (1) 6,830,958.97
Aggregate Number of Outstanding Loans 95
Aggregate Unpaid Principal Balance of Loans 1,265,278,913.50
Aggregate Stated Principal Balance of Loans 1,265,009,506.38
Aggregate Amount of Master Servicing Fee 73,933.01
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 2,070.68
Aggregate Trust Fund Expenses 95.36
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 5,990,983.18
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 5,990,983.18
Principal:
Scheduled Principal 943,884.96
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 943,884.96
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 6,934,868.14
Total Funds Distributed
Fees:
Master Servicing Fee 101,746.03
Trustee Fee 2,070.68
Certificate Administration Fee 0.00
Insurer Fee 0.00
Miscellaneous Fee 0.00
Total Fees 103,816.71
Additional Trust Fund Expenses:
Reimbursement for Interest on Advances 95.36
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 95.36
Interest Reserve Deposit 0.00
Payments to Certificateholders & Others:
Interest Distribution 5,887,073.93
Principal Distribution 943,885.04
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 6,830,958.97
Total Funds Distributed 6,934,871.04
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 05947UUY2 X Aaa AAA X Aaa AAA
A-2 05947UUZ9 X Aaa AAA X Aaa AAA
A-3 05947UVA3 X Aaa AAA X Aaa AAA
A-4 05947UVB1 X Aaa AAA X Aaa AAA
A-5 05947UVC9 X Aaa AAA X Aaa AAA
A-1A 05947USJ8 X Aaa AAA X Aaa AAA
X 05947USV1 X Aaa AAA X Aaa AAA
B 05947UVD7 X Aa2 AA X Aa2 AA
C 05947UVE5 X Aa3 AA- X Aa3 AA-
D 05947UVF2 X A2 A X A2 A
E 05947UVG0 X A3 A- X A3 A-
F 05947USK5 X Baa1 BBB+ X Baa1 BBB+
G 05947USL3 X Baa2 BBB X Baa2 BBB
H 05947USM1 X Baa3 BBB- X Baa3 BBB-
J 05947USN9 X Ba1 BB+ X Ba1 BB+
K 05947USP4 X Ba2 BB X Ba2 BB
L 05947USQ2 X Ba3 BB- X Ba3 BB-
M 05947USR0 X B1 B+ X B1 B+
N 05947USS8 X B2 B X B2 B
O 05947UST6 X B3 B- X B3 B-
P 05947USU3 X NR NR X NR NR
CC-A 05947USW9 X Baa1 BBB+ X Baa1 N/A
CC-B 05947USX7 X Baa2 BBB- X Baa2 N/A
CC-C 05947USY5 X Baa3 BB+ X Baa3 N/A
CC-D 05947USZ2 X Ba2 BB X Ba2 N/A
CC-E 05947UTA6 X Ba3 BB X Ba3 N/A
CC-F 05947UTB4 X B1 BB- X B1 N/A
SS-A 05947UTC2 X Baa3 NR X Baa3 NR
SS-B 05947UTD0 X Ba1 BB+ X Ba1 N/A
SS-C 05947UTE8 X Ba2 BB X Ba2 N/A
SS-D 05947UTF5 X Ba3 BB- X Ba3 N/A
UH-A 05947UTG3 X Aa1 AAA X Aa1 N/A
UH-B 05947UTH1 X Aa2 AAA X Aa2 N/A
UH-C 05947UTJ7 X Aa3 AAA X Aa3 N/A
UH-D 05947UTK4 X A1 AA X A1 N/A
UH-E 05947UTL2 X A2 AA- X A2 N/A
UH-F 05947UTM0 X A3 A+ X A3 N/A
UH-G 05947UTN8 X Baa1 A- X Baa1 N/A
UH-H 05947UTP3 X Baa2 BBB+ X Baa2 N/A
UH-J 05947UTQ1 X Baa3 BBB- X Baa3 N/A
<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>
1,999,999 or below 4 7,455,282.15 0.59 85 5.2651 1.444696
2,000,000 to 2,999,999 7 17,612,213.46 1.39 118 5.6837 1.218197
3,000,000 to 3,999,999 12 42,469,870.03 3.36 88 5.3187 1.511614
4,000,000 to 4,999,999 8 35,769,207.79 2.83 116 5.8933 1.360568
5,000,000 to 7,499,999 19 117,377,343.16 9.28 105 5.5650 1.445615
7,500,000 to 9,999,999 11 98,208,205.59 7.76 111 5.4632 1.466809
10,000,000 to 14,999,999 14 159,915,716.25 12.64 115 5.5841 1.296515
15,000,000 to 19,999,999 6 104,542,071.89 8.26 97 5.4534 1.320408
20,000,000 to 29,999,999 7 166,283,596.50 13.14 99 5.0424 1.325251
30,000,000 to 49,999,999 4 154,847,266.76 12.24 105 4.9813 1.240432
50,000,000 to 99,999,999 1 75,850,000.00 6.00 115 5.2472 2.225584
100,000,000 or greater 2 284,678,732.80 22.50 116 6.0305 2.603192
Totals 95 1,265,009,506.38 100.00 108 5.4968 1.681035
State (3)
State # of Scheduled % of WAM WAC Weighted
Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Alabama 3 8,618,921.33 0.68 112 5.1475 1.904953
Arizona 14 65,105,862.56 5.15 132 5.6647 1.529671
California 12 85,415,120.97 6.75 115 5.5186 1.420747
Colorado 4 6,441,558.96 0.51 116 6.2774 2.424533
Connecticut 1 20,876,485.40 1.65 116 5.4600 1.354805
Delaware 1 2,710,354.00 0.21 134 6.3270 1.200026
Florida 23 88,975,024.55 7.03 112 5.8287 1.649572
Georgia 8 25,971,651.47 2.05 73 4.9354 1.768197
Illinois 6 22,750,288.22 1.80 115 6.1049 1.928405
Indiana 5 35,591,106.69 2.81 132 5.3803 1.388911
Iowa 1 1,870,000.00 0.15 110 5.7870 1.200988
Kansas 1 1,512,127.67 0.12 116 6.4490 2.777216
Kentucky 1 2,702,823.65 0.21 114 5.2900 1.245913
Louisiana 4 14,023,266.68 1.11 107 5.2518 2.014744
Maryland 3 16,236,533.53 1.28 115 5.2642 1.720293
Massachusetts 11 36,505,690.79 2.89 93 5.0673 1.510049
Michigan 5 91,624,950.00 7.24 123 5.1241 1.245802
Minnesota 2 20,106,434.88 1.59 117 5.2621 1.353372
Mississippi 1 165,965.23 0.01 116 6.4490 2.777216
Missouri 2 2,766,087.19 0.22 116 6.4490 2.777216
Nevada 11 53,498,471.01 4.23 107 5.7688 1.709469
New Hampshire 1 3,752,000.00 0.30 81 4.7738 1.452203
New Jersey 6 33,800,679.98 2.67 100 5.2106 1.423084
New Mexico 1 719,182.67 0.06 116 6.4490 2.777216
New York 4 136,199,768.54 10.77 89 5.0254 1.812164
North Carolina 3 19,947,772.47 1.58 98 5.3659 1.697226
North Dakota 1 2,711,543.88 0.21 117 5.3300 1.258952
Ohio 2 6,439,453.01 0.51 116 5.3458 1.422481
Oklahoma 1 479,455.11 0.04 116 6.4490 2.777216
Oregon 2 16,016,988.59 1.27 115 5.6778 1.578199
Pennsylvania 4 24,678,000.00 1.95 102 5.3544 1.299649
South Carolina 1 6,995,151.29 0.55 114 5.2500 1.448604
South Dakota 1 3,184,013.87 0.25 76 5.2600 1.346939
Tennessee 5 25,761,807.77 2.04 113 5.7785 1.393908
Texas 27 209,913,943.08 16.59 103 5.4494 1.848649
Utah 2 13,234,590.51 1.05 68 4.6417 1.702230
Virginia 6 27,675,247.01 2.19 97 5.7495 1.630108
Washington 3 18,530,085.74 1.46 116 5.8446 1.129571
Totals 189 1,265,009,506.38 100.00 108 5.4968 1.681035
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>
Unknown 1 13,724,744.00 1.08 115 7.0292 NAP
1.19 or less 5 26,390,562.93 2.09 109 5.7313 1.085636
1.20 to 1.24 17 247,203,555.39 19.54 98 5.2217 1.228488
1.25 to 1.29 13 145,894,309.80 11.53 114 5.2234 1.265314
1.30 to 1.34 10 98,317,003.35 7.77 119 5.4751 1.328312
1.35 to 1.39 11 79,854,089.94 6.31 109 5.5593 1.363301
1.40 to 1.49 15 162,919,360.72 12.88 99 5.3095 1.450264
1.50 to 1.59 6 43,508,469.67 3.44 103 5.5453 1.552721
1.60 to 1.69 4 24,783,610.00 1.96 123 5.5081 1.686481
1.70 to 1.79 3 16,928,583.28 1.34 114 5.2505 1.781434
1.80 to 1.89 3 27,926,419.98 2.21 65 4.7936 1.830709
1.90 to 1.99 3 13,741,774.50 1.09 107 5.1459 1.937269
2.00 or greater 4 363,817,022.82 28.76 116 5.8665 2.519376
Totals 95 1,265,009,506.38 100.00 108 5.4968 1.681035
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 3 23,337,927.22 1.84 115 5.1838 1.639618
Lodging 1 14,388,978.34 1.14 114 6.3090 1.578317
Mobile Home Park 21 227,078,740.83 17.95 114 5.3822 1.267450
Multi-Family 21 184,557,087.87 14.59 97 5.0782 1.306069
Office 25 366,320,597.97 28.96 106 5.3509 1.746882
Retail 19 147,509,990.62 11.66 114 5.4806 1.469674
Self Storage 99 190,315,085.43 15.04 105 5.8620 2.209433
Totals 189 1,265,009,506.38 100.00 108 5.4968 1.681035
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>
4.499% or less 5 76,679,299.84 6.06 55 4.3489 1.383914
4.500% to 4.749% 2 30,950,000.00 2.45 79 4.6600 1.272064
4.750% to 4.999% 9 121,995,179.81 9.64 88 4.8414 1.442744
5.000% to 5.249% 9 157,357,543.81 12.44 109 5.1772 1.813974
5.250% to 5.499% 24 366,471,669.21 28.97 113 5.3367 1.567575
5.500% to 5.749% 17 145,156,394.52 11.47 119 5.6301 1.397178
5.750% to 5.999% 15 90,144,162.25 7.13 122 5.8578 1.373293
6.000% to 6.249% 7 41,997,692.48 3.32 120 6.0620 1.433437
6.250% to 6.499% 5 214,577,100.94 16.96 117 6.4293 2.565159
6.500% and greater 2 19,680,463.52 1.56 114 6.8721 0.400713
Totals 95 1,265,009,506.38 100.00 108 5.4968 1.681035
Seasoning
Seasoning # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
4 months or less 47 728,030,727.95 57.55 113 5.5614 1.859869
5 months and greater 48 536,978,778.43 42.45 101 5.4091 1.438575
Totals 95 1,265,009,506.38 100.00 108 5.4968 1.681035
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>
59 months or less 13 122,082,081.87 9.65 54 4.6897 1.372300
60 to 79 months 4 83,020,652.86 6.56 77 4.9342 1.265391
80 to 99 months 9 107,938,430.95 8.53 85 5.0464 1.451454
100 to 109 months 0 0.00 0.00 0 0.0000 0.000000
110 to 119 months 57 788,593,851.46 62.34 115 5.7301 1.885639
120 to 139 months 5 33,375,537.35 2.64 132 6.1455 1.333968
140 to 159 months 4 106,236,422.00 8.40 142 5.3200 1.263735
160 months or greater 2 21,800,000.00 1.72 176 5.8277 1.296915
Totals 94 1,263,046,976.49 99.84 108 5.4970 1.681099
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>
59 months or less 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 119 months 1 1,962,529.89 0.16 117 5.3640 1.640000
120 to 139 months 0 0.00 0.00 0 0.0000 0.000000
140 to 159 months 0 0.00 0.00 0 0.0000 0.000000
160 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 1 1,962,529.89 0.16 117 5.3640 1.640000
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 4 30,814,744.00 2.44 91 5.6901 0.984801
149 months or less 0 0.00 0.00 0 0.0000 0.000000
150 to 224 months 0 0.00 0.00 0 0.0000 0.000000
225 to 249 months 1 4,116,268.29 0.33 116 6.0840 1.220000
250 to 274 months 0 0.00 0.00 0 0.0000 0.000000
275 to 299 months 8 231,930,665.61 18.33 116 6.3479 2.483269
300 to 324 months 1 2,089,581.77 0.17 116 5.9200 1.690000
325 to 349 months 10 132,662,056.03 10.49 104 5.4271 1.800883
350 months and greater 70 861,433,660.79 68.10 107 5.2679 1.473767
Totals 94 1,263,046,976.49 99.84 108 5.4970 1.681099
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 78 1,159,119,499.77 91.63 108 5.4611 1.718487
Unknown 1 13,724,744.00 1.08 115 7.0292 NAP
Totals 95 1,265,009,506.38 100.00 108 5.4968 1.681035
<FN>
(1) Debt Service Coverage Ratios are updated periodically as new NOI figures
become available from borrowers on an asset level. In all cases the most current
DSCR provided by the Servicer is used. To the extent that no DSCR is provided
by the Servicer, information from the offering document is used. The Trustee
makes no representations as to the accuracy of the data provided by the borrower
for this calculation.
(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.
Note: (i) "Scheduled Balance" has the meaning assigned thereto in the CMSA Standard Information Package.
</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>
1,999,999 and less 2 3,501,982.78 0.28 83 5.4741 1.284334
2,000,000 to 2,999,999 5 12,595,831.46 1.00 120 5.7781 1.205831
3,000,000 to 3,999,999 6 21,275,945.74 1.68 104 5.2421 1.625846
4,000,000 to 4,999,999 7 31,116,486.83 2.46 116 5.8688 1.354672
5,000,000 to 7,499,999 13 80,698,552.49 6.38 106 5.6752 1.502205
7,500,000 to 9,999,999 7 62,952,146.17 4.98 112 5.4721 1.569301
10,000,000 to 14,999,999 10 113,071,135.53 8.94 121 5.6226 1.444092
15,000,000 to 19,999,999 4 68,014,227.32 5.38 104 5.5529 1.352508
20,000,000 to 29,999,999 4 96,166,710.70 7.60 97 4.9899 1.365157
30,000,000 to 49,999,999 3 117,495,794.76 9.29 93 4.8737 1.232382
50,000,000 to 99,999,999 1 75,850,000.00 6.00 115 5.2472 2.225584
100,000,000 and greater 2 284,678,732.80 22.50 116 6.0305 2.603192
Totals 64 967,417,546.58 76.48 110 5.5501 1.816886
State (3)
State # of Scheduled % of WAM WAC Weighted
Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Alabama 3 8,618,921.33 0.68 112 5.1475 1.904953
Arizona 13 61,355,644.48 4.85 137 5.6840 1.546766
California 10 63,864,808.54 5.05 112 5.4396 1.487033
Colorado 4 6,441,558.96 0.51 116 6.2774 2.424533
Connecticut 1 20,876,485.40 1.65 116 5.4600 1.354805
Delaware 1 2,710,354.00 0.21 134 6.3270 1.200026
Florida 17 50,888,510.85 4.02 113 6.0980 1.954241
Georgia 6 7,420,489.91 0.59 116 6.4490 2.777216
Illinois 6 22,750,288.22 1.80 115 6.1049 1.928405
Indiana 1 1,585,889.99 0.13 116 6.4490 2.777216
Iowa 1 1,870,000.00 0.15 110 5.7870 1.200988
Kansas 1 1,512,127.67 0.12 116 6.4490 2.777216
Louisiana 3 10,734,976.66 0.85 104 5.0366 2.007007
Maryland 1 3,835,640.91 0.30 116 6.4490 2.777216
Massachusetts 10 33,005,690.79 2.61 94 5.0433 1.526387
Michigan 1 40,964,950.00 3.24 142 5.3200 1.225000
Minnesota 1 1,106,434.88 0.09 116 6.4490 2.777216
Mississippi 1 165,965.23 0.01 116 6.4490 2.777216
Missouri 2 2,766,087.19 0.22 116 6.4490 2.777216
Nevada 11 53,498,471.01 4.23 107 5.7688 1.709469
New Hampshire 1 3,752,000.00 0.30 81 4.7738 1.452203
New Jersey 6 33,800,679.98 2.67 100 5.2106 1.423084
New Mexico 1 719,182.67 0.06 116 6.4490 2.777216
New York 3 118,671,923.97 9.38 94 4.9775 1.895195
North Carolina 3 19,947,772.47 1.58 98 5.3659 1.697226
North Dakota 1 2,711,543.88 0.21 117 5.3300 1.258952
Ohio 2 6,439,453.01 0.51 116 5.3458 1.422481
Oklahoma 1 479,455.11 0.04 116 6.4490 2.777216
Oregon 2 16,016,988.59 1.27 115 5.6778 1.578199
Pennsylvania 4 24,678,000.00 1.95 102 5.3544 1.299649
Tennessee 3 10,817,406.70 0.86 104 5.8483 1.584764
Texas 25 201,123,173.60 15.90 105 5.4986 1.861246
Utah 2 13,234,590.51 1.05 68 4.6417 1.702230
Virginia 5 7,398,361.21 0.58 116 6.4490 2.777216
Washington 2 13,877,364.78 1.10 116 5.7734 1.038903
Totals 155 967,417,546.58 76.48 110 5.5501 1.816886
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>
1.24 or less 12 184,944,004.85 14.62 101 5.1288 1.211232
1.25 to 1.29 6 44,696,266.69 3.53 131 5.6482 1.267848
1.30 to 1.34 5 44,218,567.33 3.50 112 5.7121 1.321796
1.35 to 1.39 10 76,354,089.94 6.04 111 5.5715 1.363637
1.40 to 1.49 12 140,540,326.91 11.11 101 5.3564 1.453230
1.50 to 1.59 4 34,717,700.19 2.74 115 5.8542 1.550764
1.60 to 1.69 3 22,821,080.11 1.80 124 5.5205 1.690478
1.70 to 1.79 3 16,928,583.28 1.34 114 5.2505 1.781434
1.80 to 1.89 3 27,926,419.98 2.21 65 4.7936 1.830709
1.90 to 1.99 3 13,741,774.50 1.09 107 5.1459 1.937269
2.00 or greater 3 360,528,732.80 28.50 116 5.8657 2.523748
Totals 64 967,417,546.58 76.48 110 5.5501 1.816886
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 3 23,337,927.22 1.84 115 5.1838 1.639618
Lodging 1 14,388,978.34 1.14 114 6.3090 1.578317
Mobile Home Park 5 66,862,137.24 5.29 132 5.5049 1.271158
Multi-Family 3 60,906,475.66 4.81 94 4.9847 1.231811
Office 25 366,320,597.97 28.96 106 5.3509 1.746882
Retail 19 147,509,990.62 11.66 114 5.4806 1.469674
Self Storage 99 190,315,085.43 15.04 105 5.8620 2.209433
Totals 155 967,417,546.58 76.48 110 5.5501 1.816886
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>
4.499% and less 2 51,328,138.28 4.06 55 4.3773 1.366496
4.500% to 4.749% 1 3,750,000.00 0.30 80 4.6600 1.360129
4.750% to 4.999% 7 109,566,047.60 8.66 86 4.8451 1.450202
5.000% to 5.249% 7 134,594,749.13 10.64 109 5.1756 1.906212
5.250% to 5.499% 9 210,918,726.26 16.67 117 5.3339 1.780194
5.500% to 5.749% 15 136,682,836.17 10.80 119 5.6272 1.410658
5.750% to 5.999% 13 78,071,471.16 6.17 123 5.8657 1.350264
6.000% to 6.249% 6 37,344,971.52 2.95 120 6.0626 1.437603
6.250% to 6.499% 3 199,204,886.94 15.75 116 6.4372 2.669158
6.500% or greater 1 5,955,719.52 0.47 111 6.5100 1.324143
Totals 64 967,417,546.58 76.48 110 5.5501 1.816886
Seasoning
Seasoning # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
4 months or less 32 585,538,829.78 46.29 112 5.6391 1.990580
5 months or greater 32 381,878,716.80 30.19 105 5.4135 1.550560
Totals 64 967,417,546.58 76.48 110 5.5501 1.816886
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>
59 months or less 4 60,319,260.48 4.77 55 4.4854 1.419746
60 to 79 months 2 52,636,638.99 4.16 76 5.0562 1.263283
80 to 109 months 7 84,161,545.15 6.65 84 4.9282 1.513220
110 to 139 months 48 707,535,151.96 55.93 116 5.7563 1.978340
140 to 159 months 1 40,964,950.00 3.24 142 5.3200 1.225000
160 months or greater 2 21,800,000.00 1.72 176 5.8277 1.296915
Totals 64 967,417,546.58 76.48 110 5.5501 1.816886
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>
59 months or less 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 119 months 0 0.00 0.00 0 0.0000 0.000000
120 to 139 months 0 0.00 0.00 0 0.0000 0.000000
140 to 159 months 0 0.00 0.00 0 0.0000 0.000000
160 months and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 0 0.00 0.00 0 0.0000 0.000000
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 2 13,590,000.00 1.07 69 4.4401 1.883775
249 months or less 1 4,116,268.29 0.33 116 6.0840 1.220000
250 to 274 months 0 0.00 0.00 0 0.0000 0.000000
275 to 299 months 8 231,930,665.61 18.33 116 6.3479 2.483269
300 to 324 months 1 2,089,581.77 0.17 116 5.9200 1.690000
325 to 349 months 4 84,180,354.00 6.65 114 5.2678 2.131250
350 months or greater 48 631,510,676.91 49.92 107 5.3139 1.533115
Totals 64 967,417,546.58 76.48 110 5.5501 1.816886
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 51 885,155,824.84 69.97 109 5.5364 1.852256
Totals 64 967,417,546.58 76.48 110 5.5501 1.816886
<FN>
(1) Debt Service Coverage Ratios are updated periodically as new NOI figures
become available from borrowers on an asset level. In all cases the most current
DSCR provided by the Servicer is used. To the extent that no DSCR is provided
by the Servicer, information from the offering document is used. The Trustee
makes no representations as to the accuracy of the data provided by the borrower
for this calculation.
(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>
1,999,999 or less 2 3,953,299.37 0.31 86 5.0800 1.586751
2,000,000 to 2,999,999 2 5,016,382.00 0.40 114 5.4468 1.249245
3,000,000 to 3,999,999 6 21,193,924.29 1.68 72 5.3956 1.396939
4,000,000 to 4,999,999 1 4,652,720.96 0.37 117 6.0570 1.400000
5,000,000 to 7,499,999 6 36,678,790.67 2.90 102 5.3225 1.321112
7,500,000 to 9,999,999 4 35,256,059.42 2.79 108 5.4473 1.283803
10,000,000 to 14,999,999 3 33,119,836.72 2.62 96 4.8540 1.329960
15,000,000 to 19,999,999 2 36,527,844.57 2.89 85 5.2683 1.260640
20,000,000 to 29,999,999 3 70,116,885.80 5.54 103 5.1144 1.270518
30,000,000 or greater 1 37,351,472.00 2.95 142 5.3200 1.265753
Totals 30 283,867,215.80 22.44 103 5.2409 1.299332
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 1 3,750,218.08 0.30 50 5.3500 1.250000
California 2 21,550,312.43 1.70 124 5.7525 1.224306
Florida 6 38,086,513.70 3.01 110 5.4690 1.242495
Georgia 2 18,551,161.56 1.47 56 4.3299 1.364589
Indiana 4 34,005,216.70 2.69 133 5.3304 1.324165
Kentucky 1 2,702,823.65 0.21 114 5.2900 1.245913
Louisiana 1 3,288,290.02 0.26 116 5.9540 2.040000
Maryland 2 12,400,892.62 0.98 115 4.8977 1.393382
Massachusetts 1 3,500,000.00 0.28 81 5.2930 1.355972
Michigan 4 50,660,000.00 4.00 108 4.9656 1.262623
Minnesota 1 19,000,000.00 1.50 117 5.1930 1.270457
New York 1 17,527,844.57 1.39 50 5.3500 1.250000
South Carolina 1 6,995,151.29 0.55 114 5.2500 1.448604
South Dakota 1 3,184,013.87 0.25 76 5.2600 1.346939
Tennessee 2 14,944,401.07 1.18 120 5.7279 1.255757
Texas 2 8,790,769.48 0.69 56 4.3250 1.560449
Virginia 1 20,276,885.80 1.60 90 5.4943 1.211566
Washington 1 4,652,720.96 0.37 117 6.0570 1.400000
Totals 34 283,867,215.80 22.44 103 5.2409 1.299332
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>
1.19 or less 2 9,868,607.64 0.78 98 5.5868 1.168942
1.20 to 1.24 8 78,781,505.83 6.23 95 5.5648 1.228603
1.25 to 1.29 7 101,198,043.11 8.00 107 5.0357 1.264195
1.30 to 1.34 5 54,098,436.02 4.28 124 5.2814 1.333638
1.35 to 1.39 1 3,500,000.00 0.28 81 5.2930 1.355972
1.40 to 1.49 3 22,379,033.81 1.77 86 5.0150 1.431637
1.50 to 1.59 2 8,790,769.48 0.69 56 4.3250 1.560449
1.60 and greater 2 5,250,819.91 0.42 116 5.7335 1.890497
Totals 30 283,867,215.80 22.44 103 5.2409 1.299332
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 16 160,216,603.59 12.67 107 5.3310 1.265903
Multi-Family 18 123,650,612.21 9.77 98 5.1242 1.342646
Totals 34 283,867,215.80 22.44 103 5.2409 1.299332
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>
4.499% and less 3 25,351,161.56 2.00 56 4.2913 1.419181
4.500% to 4.749% 1 27,200,000.00 2.15 79 4.6600 1.259923
4.750% to 4.999% 2 12,429,132.21 0.98 106 4.8084 1.377006
5.000% to 5.249% 2 22,762,794.68 1.80 107 5.1862 1.268579
5.250% to 5.499% 15 155,552,942.95 12.30 109 5.3405 1.279279
5.500% to 5.749% 2 8,473,558.35 0.67 120 5.6773 1.179743
5.750% to 5.999% 2 12,072,691.09 0.95 117 5.8063 1.522216
6.000% to 6.249% 1 4,652,720.96 0.37 117 6.0570 1.400000
6.250% or greater 2 15,372,214.00 1.22 134 6.3270 1.217469
Totals 30 283,867,215.80 22.44 103 5.2409 1.299332
Seasoning
Seasoning # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
4 months or less 15 142,491,898.17 11.26 117 5.2419 1.322738
5 months or greater 15 141,375,317.63 11.18 89 5.2400 1.275741
Totals 30 283,867,215.80 22.44 103 5.2409 1.299332
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>
59 months or less 9 61,762,821.39 4.88 53 4.8891 1.325963
60 to 79 months 2 30,384,013.87 2.40 79 4.7229 1.269041
80 to 99 months 2 23,776,885.80 1.88 89 5.4647 1.232823
100 to 109 months 0 0.00 0.00 0 0.0000 0.000000
110 to 119 months 10 79,177,278.85 6.26 116 5.3326 1.338355
120 to 139 months 3 21,532,214.00 1.70 131 6.1462 1.198790
140 months or greater 3 65,271,472.00 5.16 142 5.3200 1.288046
Totals 29 281,904,685.91 22.28 103 5.2401 1.296960
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>
59 months or less 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 119 months 1 1,962,529.89 0.16 117 5.3640 1.640000
120 to 139 months 0 0.00 0.00 0 0.0000 0.000000
140 months and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 1 1,962,529.89 0.16 117 5.3640 1.640000
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 3,500,000.00 0.28 81 5.2930 1.355972
149 months or less 0 0.00 0.00 0 0.0000 0.000000
150 to 349 months 6 48,481,702.03 3.83 86 5.7036 1.227256
350 months or greater 22 229,922,983.88 18.18 107 5.1415 1.310759
Totals 29 281,904,685.91 22.28 103 5.2401 1.296960
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 27 273,963,674.93 21.66 103 5.2176 1.286292
Totals 30 283,867,215.80 22.44 103 5.2409 1.299332
<FN>
(1) Debt Service Coverage Ratios are updated periodically as new NOI figures
become available from borrowers on an asset level. In all cases the most current
DSCR provided by the Servicer is used. To the extent that no DSCR is provided
by the Servicer, information from the offering document is used. The Trustee
makes no representations as to the accuracy of the data provided by the borrower
for this calculation.
(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>
3179488 1 MF Houston TX 151,255.19 39,850.19 4.902%
883181229 2 MF Tucson AZ 98,004.90 23,813.39 5.075%
3180874 3 MF Minneapolis MN 84,963.25 0.00 5.193%
3179736 4 MF Chula Vista CA 54,502.26 12,067.25 5.291%
883180130 5 MF Athens GA 40,802.26 13,343.73 4.410%
883179934 6 MF Fort Washington MD 43,284.28 11,869.07 4.810%
3174307 7 MF Indianapolis IN 41,196.81 9,222.95 5.280%
883184462 8 MF Collierville TN 43,541.27 7,818.73 5.751%
3180353 9 MF Atlanta GA 28,417.01 0.00 4.220%
3155850 10 MF Aiken SC 31,656.55 7,218.59 5.250%
3179777 11 MF Houston TX 24,511.36 0.00 4.186%
3131711 12 MF Clarksville TN 30,208.81 0.00 5.695%
883184371 13 MF Seattle WA 24,287.52 3,852.70 6.057%
883184256 14 MF Tallahassee FL 16,710.76 3,906.38 5.152%
883184264 15 MF Tallahassee FL 17,284.24 3,620.83 5.407%
3180494 16 MF Boston MA 15,952.51 0.00 5.293%
883181195 17 MF Bossier City LA 16,873.67 2,814.01 5.954%
3179603 18 MF West Fargo ND 12,457.61 2,697.39 5.330%
3172558 19 MF Bowling Green KY 12,324.70 2,762.70 5.290%
883180098 20 MF Bloomington IN 11,223.60 2,167.75 5.630%
883181211 21 MF Pasadena TX 8,237.84 2,255.47 4.800%
3165800 22 RT Milford CT 98,249.41 20,233.67 5.460%
3179496 23 RT Tucson AZ 59,020.56 0.00 5.960%
883179801 24 RT Addison IL 59,147.90 9,800.41 6.000%
3173036 25 RT Monrovia CA 50,201.11 10,357.77 5.471%
3179553 26 RT St. George UT 37,859.25 0.00 4.290%
3172616 27 RT Phoenix AZ 50,378.44 0.00 5.680%
3180254 28 RT Statesville NC 43,880.12 10,481.45 5.102%
3172590 29 RT Springfield MA 46,058.46 9,845.19 5.360%
3179462 30 RT Whiteville NC 40,797.56 8,259.41 5.500%
883179926 31 RT Las Vegas NV 32,353.25 7,825.03 5.100%
883170743 32 RT Houston TX 33,412.28 4,551.27 6.510%
3180304 33 RT Cleveland TN 26,674.14 4,395.59 5.968%
3170180 34 RT Palm Springs CA 24,042.48 4,098.08 5.889%
883180155 35 RT Oakley CA 20,092.26 4,054.96 5.521%
3179751 36 RT Nashville TN 18,196.62 3,810.52 5.421%
883180015 37 RT Chicago IL 17,001.71 4,856.56 5.674%
883184157 38 RT Sacramento CA 14,171.62 3,656.63 4.924%
883184249 39 RT Chalmette LA 12,839.17 0.00 4.970%
883181203 40 RT Puyallup WA 11,041.00 2,487.99 5.250%
3180023 41 OF Houston TX 467,500.50 103,664.01 5.288%
3174323 42 OF New York NY 342,725.26 0.00 5.247%
3179504 43 OF New York NY 154,544.63 50,767.34 4.400%
883180189 44 OF Las Vegas NV 86,249.85 16,936.86 5.587%
3172566 45 OF Hamilton NJ 85,551.79 17,125.06 5.542%
3172434 46 OF Houston TX 78,169.32 16,630.73 5.384%
883180866 47 OF Tumwater WA 58,038.92 15,249.43 5.885%
3171055 48 OF Houston TX 55,056.95 10,255.55 5.743%
3179611 49 OF Redmond OR 48,648.18 9,435.74 5.616%
3170149 50 OF Temple TX 47,935.49 7,756.62 6.090%
3172277 51 OF Los Angeles CA 42,527.71 8,629.78 5.510%
3170990 52 OF Plano TX 43,013.25 8,012.14 5.743%
3172715 53 OF Carrollton TX 37,712.88 10,106.68 5.890%
3179926 54 OF Baton Rouge LA 29,246.05 7,665.99 4.900%
3179769 55 OF Murrietta CA 31,649.67 5,715.26 5.754%
3170974 56 OF Irving TX 31,313.64 5,832.84 5.743%
883179959 57 OF Goodyear AZ 30,113.84 4,959.87 6.000%
883181237 58 OF Bedford OH 25,982.98 5,933.56 5.219%
3170552 59 OF Reno NV 25,941.76 5,286.64 5.500%
3172095 60 OF Reno NV 26,866.33 4,818.33 5.800%
883184405 61 OF Las Vegas NV 22,557.84 3,296.82 6.248%
883180064 62 OF Layton UT 13,795.51 3,440.48 6.050%
883181062 63 OF Evergreen CO 10,665.16 2,538.45 5.920%
3171766 64 OF Corpus Christi TX 7,196.62 1,750.58 5.116%
3180114 65 IN Oceanside CA 49,992.14 12,547.58 5.000%
3165131 66 IN Moody AL 32,710.05 8,385.53 4.978%
883181187 67 IN Las Vegas NV 21,608.74 8,324.61 6.084%
3184702 68 MH Ann Arbor MI 187,664.99 0.00 5.320%
3184686 69 MH Various Various 171,111.24 0.00 5.320%
3179744 70 MH Clinton Township MI 109,147.56 0.00 4.660%
3184678 71 MH Various IN 103,716.36 0.00 5.320%
3184660 72 MH Bradenton FL 24,188.27 0.00 5.320%
3172012 73 MH Stafford VA 96,027.40 19,728.61 5.494%
3167350 74 MH Manorville NY 80,833.22 18,106.88 5.350%
3166923 75 MH Bath PA 75,488.32 0.00 5.711%
3167525 76 MH El Cajon CA 52,303.20 0.00 6.327%
883181088 77 MH Wilsonville OR 29,748.93 8,113.57 5.782%
3167475 78 MH Ocala FL 31,448.46 0.00 6.327%
3167574 79 MH Eustis FL 26,154.93 5,858.78 5.350%
3167277 80 MH Apache Junction AZ 17,294.89 3,874.11 5.350%
3170115 81 MH Sioux Falls SD 14,436.85 3,319.83 5.260%
3167459 82 MH Rehoboth Beach DE 14,766.69 0.00 6.327%
883181252 83 MH Camp Springs MD 9,122.42 12,448.31 5.364%
3166873 84 MH Marshalltown IA 9,318.68 0.00 5.787%
3166659 85 SS Various Various 1,012,494.57 217,309.03 6.449%
3179850 86 SS Various Various 111,597.54 0.00 4.763%
3179868 87 SS Various Various 105,564.63 0.00 4.774%
883167061 88 SS Paramount CA 33,751.32 6,158.09 5.820%
3172640 89 SS Winter Park FL 24,936.66 4,219.49 5.920%
883179827 90 SS Orange Park FL 22,277.43 6,211.51 5.758%
883179942 91 SS Port Saint Lucie FL 21,912.05 4,145.41 5.678%
3172913 92 SS Rancho San Diego CA 18,856.41 3,416.68 5.730%
3179975 93 SS Port St. Lucie FL 15,047.92 0.00 4.660%
3165750 94 LO Miami Beach FL 78,269.04 17,912.52 6.309%
3185774 42B 83,074.40 0.00 7.029%
Totals 5,990,983.18 943,884.96
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>
3179488 N/A 04/01/2011 N 35,832,556.67 35,792,706.48 08/01/2004
883181229 N/A 05/01/2014 N 22,426,038.69 22,402,225.30 09/01/2004
3180874 N/A 06/01/2014 N 19,000,000.00 19,000,000.00 09/01/2004
3179736 N/A 05/01/2014 N 11,962,379.68 11,950,312.43 08/01/2004
883180130 N/A 04/01/2009 N 10,744,505.29 10,731,161.56 09/01/2004
883179934 N/A 04/01/2014 N 10,450,231.80 10,438,362.73 08/01/2004
3174307 N/A 04/01/2014 N 9,060,881.30 9,051,658.35 08/01/2004
883184462 N/A 07/01/2014 N 8,792,219.80 8,784,401.07 08/01/2004
3180353 N/A 06/01/2009 N 7,820,000.00 7,820,000.00 08/01/2004
3155850 N/A 03/01/2014 N 7,002,369.88 6,995,151.29 08/01/2004
3179777 N/A 05/01/2009 N 6,800,000.00 6,800,000.00 08/01/2004
3131711 N/A 11/01/2014 N 6,160,000.00 6,160,000.00 08/01/2004
883184371 N/A 06/01/2014 N 4,656,573.66 4,652,720.96 09/01/2004
883184256 N/A 06/01/2009 N 3,766,701.06 3,762,794.68 09/01/2004
883184264 N/A 06/01/2009 N 3,712,228.47 3,708,607.64 09/01/2004
3180494 N/A 06/01/2011 N 3,500,000.00 3,500,000.00 08/01/2004
883181195 N/A 05/01/2014 N 3,291,104.03 3,288,290.02 09/01/2004
3179603 N/A 06/01/2014 N 2,714,241.27 2,711,543.88 09/01/2004
3172558 N/A 03/01/2014 N 2,705,586.35 2,702,823.65 08/01/2004
883180098 N/A 04/01/2014 N 2,315,726.10 2,313,558.35 09/01/2004
883181211 N/A 05/01/2009 N 1,993,024.95 1,990,769.48 09/01/2004
3165800 N/A 05/01/2014 N 20,896,719.07 20,876,485.40 09/01/2004
3179496 N/A 06/01/2019 N 11,500,000.00 11,500,000.00 09/01/2004
883179801 N/A 03/01/2014 N 11,447,980.41 11,438,180.00 09/01/2004
3173036 N/A 04/01/2014 N 10,655,833.82 10,645,476.05 08/01/2004
3179553 N/A 05/01/2009 N 10,590,000.00 10,590,000.00 08/01/2004
3172616 N/A 04/01/2019 N 10,300,000.00 10,300,000.00 08/01/2004
3180254 N/A 06/01/2011 N 9,987,762.01 9,977,280.56 08/01/2004
3172590 N/A 06/01/2014 N 9,978,963.06 9,969,117.87 09/01/2004
3179462 N/A 05/01/2014 N 8,614,148.30 8,605,888.89 08/01/2004
883179926 N/A 04/01/2009 N 7,366,964.45 7,359,139.42 09/01/2004
883170743 N/A 12/01/2013 N 5,960,270.79 5,955,719.52 09/01/2004
3180304 N/A 06/01/2014 N 5,190,418.48 5,186,022.89 09/01/2004
3170180 N/A 06/01/2014 N 4,741,092.65 4,736,994.57 08/01/2004
883180155 N/A 04/01/2014 N 4,226,216.79 4,222,161.83 09/01/2004
3179751 N/A 05/01/2011 N 3,898,091.57 3,894,281.05 09/01/2004
883180015 N/A 04/01/2014 N 3,479,717.73 3,474,861.17 09/01/2004
883184157 N/A 06/01/2014 N 3,342,276.73 3,338,620.10 09/01/2004
883184249 N/A 06/01/2014 N 3,000,000.00 3,000,000.00 09/01/2004
883181203 N/A 05/01/2014 N 2,442,249.29 2,439,761.30 09/01/2004
3180023 N/A 05/01/2014 N 102,676,842.20 102,573,178.20 09/01/2004
3174323 N/A 04/01/2014 N 75,850,000.00 75,850,000.00 09/01/2004
3179504 N/A 04/01/2009 N 40,788,905.62 40,738,138.28 08/01/2004
883180189 N/A 04/01/2014 N 17,927,531.46 17,910,594.60 09/01/2004
3172566 N/A 04/01/2014 N 17,926,825.27 17,909,700.21 09/01/2004
3172434 N/A 08/01/2010 N 16,860,563.24 16,843,932.51 09/01/2004
883180866 N/A 05/01/2014 N 11,452,852.91 11,437,603.48 09/01/2004
3171055 N/A 02/01/2014 N 11,132,468.87 11,122,213.32 09/01/2004
3179611 N/A 04/01/2014 N 10,059,591.09 10,050,155.35 09/01/2004
3170149 N/A 01/01/2016 N 9,140,725.97 9,132,969.35 09/01/2004
3172277 N/A 04/01/2014 N 8,963,160.17 8,954,530.39 08/01/2004
3170990 N/A 02/01/2014 N 8,697,241.31 8,689,229.17 09/01/2004
3172715 N/A 02/01/2014 N 7,435,585.60 7,425,478.92 09/01/2004
3179926 N/A 10/01/2012 N 6,931,257.07 6,923,591.08 09/01/2004
3179769 N/A 06/01/2014 N 6,387,635.99 6,381,920.73 09/01/2004
3170974 N/A 02/01/2014 N 6,331,591.71 6,325,758.87 09/01/2004
883179959 N/A 04/01/2014 N 5,828,485.90 5,823,526.03 09/01/2004
883181237 N/A 05/01/2014 N 5,781,525.64 5,775,592.08 09/01/2004
3170552 N/A 04/01/2014 N 5,477,438.38 5,472,151.74 09/01/2004
3172095 N/A 04/01/2014 N 5,379,243.84 5,374,425.51 09/01/2004
883184405 N/A 06/01/2014 N 4,192,734.16 4,189,437.34 09/01/2004
883180064 N/A 04/01/2014 N 2,648,030.99 2,644,590.51 08/01/2004
883181062 N/A 05/01/2014 N 2,092,120.22 2,089,581.77 08/01/2004
3171766 N/A 02/01/2009 N 1,633,733.36 1,631,982.78 09/01/2004
3180114 N/A 05/01/2014 N 11,611,076.57 11,598,528.99 08/01/2004
3165131 N/A 01/01/2014 N 7,631,515.47 7,623,129.94 09/01/2004
883181187 N/A 05/01/2014 N 4,124,592.90 4,116,268.29 09/01/2004
3184702 N/A 07/01/2016 N 40,964,950.00 40,964,950.00 09/01/2004
3184686 N/A 07/01/2016 N 37,351,472.00 37,351,472.00 09/01/2004
3179744 N/A 04/01/2011 N 27,200,000.00 27,200,000.00 09/01/2004
3184678 N/A 07/01/2016 N 22,640,000.00 22,640,000.00 09/01/2004
3184660 N/A 07/01/2016 N 5,280,000.00 5,280,000.00 09/01/2004
3172012 N/A 03/01/2012 N 20,296,614.41 20,276,885.80 08/01/2004
3167350 N/A 11/01/2008 N 17,545,951.45 17,527,844.57 08/01/2004
3166923 N/A 03/01/2014 N 15,350,000.00 15,350,000.00 09/01/2004
3167525 N/A 11/01/2015 N 9,600,000.00 9,600,000.00 08/01/2004
883181088 N/A 05/01/2014 N 5,974,946.81 5,966,833.24 09/01/2004
3167475 N/A 11/01/2015 N 5,772,214.00 5,772,214.00 08/01/2004
3167574 N/A 11/01/2008 N 5,677,284.16 5,671,425.38 08/01/2004
3167277 N/A 11/01/2008 N 3,754,092.19 3,750,218.08 08/01/2004
3170115 N/A 01/01/2011 N 3,187,333.70 3,184,013.87 08/01/2004
3167459 N/A 11/01/2015 N 2,710,354.00 2,710,354.00 08/01/2004
883181252 N/A 06/01/2014 N 1,974,978.20 1,962,529.89 09/01/2004
3166873 N/A 11/01/2013 N 1,870,000.00 1,870,000.00 08/01/2004
3166659 N/A 05/01/2014 N 182,322,863.70 182,105,554.60 09/01/2004
3179850 N/A 06/01/2011 N 27,208,000.00 27,208,000.00 08/01/2004
3179868 N/A 06/01/2011 N 25,680,000.00 25,680,000.00 09/01/2004
883167061 N/A 12/01/2012 N 6,734,550.55 6,728,392.46 08/01/2004
3172640 N/A 05/01/2014 N 4,891,671.73 4,887,452.24 08/01/2004
883179827 N/A 03/01/2014 N 4,492,976.86 4,486,765.35 08/01/2004
883179942 N/A 04/01/2014 N 4,481,552.62 4,477,407.21 09/01/2004
3172913 N/A 07/01/2014 N 3,821,600.10 3,818,183.42 09/01/2004
3179975 N/A 05/01/2011 N 3,750,000.00 3,750,000.00 09/01/2004
3165750 N/A 03/01/2014 N 14,406,890.86 14,388,978.34 09/01/2004
3185774 N/A 04/01/2014 N 13,724,744.00 13,724,744.00 09/01/2004
Totals 1,265,953,391.40 1,265,009,506.38
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
(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>
09/10/2004 0 $0.00 0 $0.00 0 $0.00
08/30/2004 0 $0.00 0 $0.00 0 $0.00
Distribution Foreclosure REO Modifications
Date # Balance # Balance # Balance
<s> <c> <c> <c> <c> <c> <c>
09/10/2004 0 $0.00 0 $0.00 0 $0.00
08/30/2004 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>
09/10/2004 0 $0.00 0 $0.00 5.496752% 5.401487% 108
08/30/2004 0 $0.00 0 $0.00 5.496837% 5.401574% 109
<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>
3179488 1 0 08/01/2004 191,105.38 191,105.38 A
3179736 4 0 08/01/2004 66,569.51 66,569.51 A
883179934 6 0 08/01/2004 54,703.41 54,703.41 A
3174307 7 0 08/01/2004 50,419.76 50,419.76 A
883184462 8 0 08/01/2004 51,057.16 51,057.16 A
3180353 9 0 08/01/2004 28,417.01 28,417.01 A
3155850 10 0 08/01/2004 38,875.14 38,875.14 A
3179777 11 0 08/01/2004 24,511.36 24,511.36 A
3131711 12 0 08/01/2004 30,208.81 30,208.81 A
3180494 16 0 08/01/2004 15,952.51 15,952.51 A
3172558 19 0 08/01/2004 15,087.40 15,087.40 A
3173036 25 0 08/01/2004 60,558.88 60,558.88 A
3179553 26 0 08/01/2004 37,859.25 37,859.25 A
3172616 27 0 08/01/2004 50,378.44 50,378.44 A
3180254 28 0 08/01/2004 54,361.57 54,361.57 A
3179462 30 0 08/01/2004 49,056.97 49,056.97 A
3170180 34 0 08/01/2004 28,140.56 28,140.56 A
3179504 43 0 08/01/2004 205,311.97 205,311.97 B
3172277 51 0 08/01/2004 51,157.49 51,157.49 A
883180064 62 0 08/01/2004 17,372.80 17,372.80 A
883181062 63 0 08/01/2004 13,095.52 13,095.52 A
3180114 65 0 08/01/2004 62,539.72 62,539.72 A
3172012 73 0 08/01/2004 115,756.01 115,756.01 A
3167350 74 0 08/01/2004 98,940.10 98,940.10 A
3167525 76 0 08/01/2004 52,303.20 52,303.20 A
3167475 78 0 08/01/2004 31,448.46 31,448.46 A
3167574 79 0 08/01/2004 32,013.71 32,013.71 A
3167277 80 0 08/01/2004 21,169.00 21,169.00 A
3170115 81 0 08/01/2004 17,756.68 17,756.68 A
3167459 82 0 08/01/2004 14,766.69 14,766.69 A
3166873 84 0 08/01/2004 9,318.68 9,318.68 A
3179850 86 0 08/01/2004 111,597.54 111,597.54 A
883167061 88 0 08/01/2004 39,561.46 39,561.46 A
3172640 89 0 08/01/2004 29,156.15 29,156.15 A
883179827 90 0 08/01/2004 28,140.73 28,140.73 A
Totals 35 1,798,669.03 1,798,669.03
Resolution Servicing Outstanding
Loan Strategy Transfer Foreclosure Actual Servicing Bankruptcy REO
Number Code (2) Date Date Balance Advances Date Date
<s> <c> <c> <c> <c> <c> <c> <c>
3179488 35,832,556.67 0.00
3179736 11,962,379.68 0.00
883179934 10,450,231.80 0.00
3174307 9,060,881.30 0.00
883184462 8,792,219.80 0.00
3180353 7,820,000.00 0.00
3155850 7,002,369.88 0.00
3179777 6,800,000.00 0.00
3131711 6,160,000.00 0.00
3180494 3,500,000.00 0.00
3172558 2,705,586.35 0.00
3173036 10,655,833.82 0.00
3179553 10,590,000.00 0.00
3172616 10,300,000.00 0.00
3180254 9,987,762.01 0.00
3179462 8,614,148.30 0.00
3170180 4,741,092.65 0.00
3179504 40,788,905.62 0.00
3172277 8,963,160.17 0.00
883180064 2,648,030.99 0.00
883181062 2,092,120.22 0.00
3180114 11,611,076.57 0.00
3172012 20,296,614.41 0.00
3167350 17,545,951.45 0.00
3167525 9,600,000.00 0.00
3167475 5,772,214.00 0.00
3167574 5,677,284.16 0.00
3167277 3,754,092.19 0.00
3170115 3,187,333.70 0.00
3167459 2,710,354.00 0.00
3166873 1,870,000.00 0.00
3179850 27,208,000.00 0.00
883167061 6,734,550.55 0.00
3172640 4,891,671.73 0.00
883179827 4,492,976.86 0.00
Totals 344,819,398.88 0.00
Current Outstanding Outstanding
P & I P & I Actual Servicing
Advances Advances** Balance Advances
<s> <c> <c> <c> <c>
Totals By Delinquency Code:
Total for Status Code = A (34 loans) 1,593,357.06 1,593,357.06 304,030,493.26 0.00
Total for Status Code = B (1 loan) 205,311.97 205,311.97 40,788,905.62 0.00
<FN>
(1) Status of Mortgage Loan
A - Payments 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