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: December 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)
54-6621672
54-2157770
54-2157771
54-2157772
(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 December 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
December 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: December 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 December 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: December 10, 2004
Record Date: November 30, 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
Bank 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 20,151,435.04 795,128.57 49,958.77
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 5.305761% 414,397,485.00 414,397,485.00 0.00 1,832,245.05
A-1A 05947USJ8 5.207000% 284,159,066.00 283,553,109.34 167,816.99 1,230,384.20
B 05947UVD7 5.360761% 28,879,200.00 28,879,200.00 0.00 129,012.08
C 05947UVE5 5.360761% 11,551,680.00 11,551,680.00 0.00 51,604.83
D 05947UVF2 5.360761% 24,547,319.00 24,547,319.00 0.00 109,660.26
E 05947UVG0 5.360761% 11,551,680.00 11,551,680.00 0.00 51,604.83
F 05947USK5 5.360761% 15,883,560.00 15,883,560.00 0.00 70,956.64
G 05947USL3 5.360761% 11,551,680.00 11,551,680.00 0.00 51,604.83
H 05947USM1 5.360761% 15,883,560.00 15,883,560.00 0.00 70,956.64
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 79,810.08
CC-A 05947USW9 5.703000% 2,015,293.00 2,006,847.16 2,356.63 9,537.54
CC-B 05947USX7 5.169000% 4,476,821.00 4,458,059.20 5,235.06 19,203.09
CC-C 05947USY5 5.024000% 3,783,229.00 3,767,373.96 4,424.00 15,772.74
CC-D 05947USZ2 5.529000% 6,305,382.00 6,278,956.93 7,373.33 28,930.29
CC-E 05947UTA6 5.270000% 4,413,767.00 4,395,269.45 5,161.33 19,302.56
CC-F 05947UTB4 5.858000% 4,005,508.00 3,988,721.42 4,683.93 19,471.61
SS-A 05947UTC2 6.100000% 3,254,968.00 3,254,968.00 0.00 16,546.09
SS-B 05947UTD0 7.250000% 2,326,617.00 2,326,617.00 0.00 14,056.64
SS-C 05947UTE8 7.250000% 3,489,925.00 3,489,925.00 0.00 21,084.96
SS-D 05947UTF5 7.250000% 4,653,234.00 4,653,234.00 0.00 28,113.29
UH-A 05947UTG3 5.345000% 12,076,447.00 12,016,609.14 16,782.31 53,523.98
UH-B 05947UTH1 5.392000% 8,809,641.00 8,765,989.91 12,242.52 39,388.51
UH-C 05947UTJ7 5.436000% 3,089,785.00 3,074,475.35 4,293.79 13,927.37
UH-D 05947UTK4 5.536000% 9,495,416.00 9,448,366.95 13,195.52 43,588.47
UH-E 05947UTL2 5.631000% 5,034,080.00 5,009,136.53 6,995.73 23,505.37
UH-F 05947UTM0 5.726000% 6,233,649.00 6,202,761.75 8,662.73 29,597.51
UH-G 05947UTN8 5.869000% 6,351,552.00 6,320,080.55 8,826.58 30,910.46
UH-H 05947UTP3 6.012000% 5,034,080.00 5,009,136.53 6,995.73 25,095.77
UH-J 05947UTQ1 6.298000% 16,875,350.00 16,791,733.95 23,451.22 88,128.62
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 1,262,971,731.16 1,093,625.97 5,483,461.84
Class CUSIP Prepayment Realized Loss/ Total Ending Current
Premiums Additional Trust Distribution Balance Subordination
Fund Expenses Level (1)
<s> <c> <c> <c> <c> <c> <c>
A-1 05947UUY2 0.00 0.00 845,087.34 19,356,306.47 14.30%
A-2 05947UUZ9 0.00 0.00 123,193.33 34,000,000.00 14.30%
A-3 05947UVA3 0.00 0.00 507,812.50 125,000,000.00 14.30%
A-4 05947UVB1 0.00 0.00 474,466.67 110,000,000.00 14.30%
A-5 05947UVC9 0.00 0.00 1,832,245.05 414,397,485.00 14.30%
A-1A 05947USJ8 0.00 0.00 1,398,201.19 283,385,292.35 14.30%
B 05947UVD7 0.00 0.00 129,012.08 28,879,200.00 11.80%
C 05947UVE5 0.00 0.00 51,604.83 11,551,680.00 10.79%
D 05947UVF2 0.00 0.00 109,660.26 24,547,319.00 8.66%
E 05947UVG0 0.00 0.00 51,604.83 11,551,680.00 7.65%
F 05947USK5 0.00 0.00 70,956.64 15,883,560.00 6.27%
G 05947USL3 0.00 0.00 51,604.83 11,551,680.00 5.27%
H 05947USM1 0.00 0.00 70,956.64 15,883,560.00 3.89%
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 3.01%
L 05947USQ2 0.00 0.00 24,556.95 5,775,840.00 2.51%
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 79,810.08 18,771,480.00 0.00%
CC-A 05947USW9 0.00 0.00 11,894.17 2,004,490.53 0.00%
CC-B 05947USX7 0.00 0.00 24,438.15 4,452,824.14 0.00%
CC-C 05947USY5 0.00 0.00 20,196.74 3,762,949.96 0.00%
CC-D 05947USZ2 0.00 0.00 36,303.62 6,271,583.60 0.00%
CC-E 05947UTA6 0.00 0.00 24,463.89 4,390,108.12 0.00%
CC-F 05947UTB4 0.00 0.00 24,155.54 3,984,037.49 0.00%
SS-A 05947UTC2 0.00 0.00 16,546.09 3,254,968.00 0.00%
SS-B 05947UTD0 0.00 0.00 14,056.64 2,326,617.00 0.00%
SS-C 05947UTE8 0.00 0.00 21,084.96 3,489,925.00 0.00%
SS-D 05947UTF5 0.00 0.00 28,113.29 4,653,234.00 0.00%
UH-A 05947UTG3 0.00 0.00 70,306.29 11,999,826.83 0.00%
UH-B 05947UTH1 0.00 0.00 51,631.03 8,753,747.39 0.00%
UH-C 05947UTJ7 0.00 0.00 18,221.16 3,070,181.56 0.00%
UH-D 05947UTK4 0.00 0.00 56,783.99 9,435,171.43 0.00%
UH-E 05947UTL2 0.00 0.00 30,501.10 5,002,140.80 0.00%
UH-F 05947UTM0 0.00 0.00 38,260.24 6,194,099.02 0.00%
UH-G 05947UTN8 0.00 0.00 39,737.04 6,311,253.97 0.00%
UH-H 05947UTP3 0.00 0.00 32,091.50 5,002,140.80 0.00%
UH-J 05947UTQ1 0.00 0.00 111,579.84 16,768,282.73 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 6,577,087.81 1,261,878,105.19
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 0.209712% 1,155,167,990.00 1,151,713,468.38 201,273.68
Class CUSIP Prepayment Total Ending
Premiums Distribution Notional
Amount
<s> <c> <c> <c> <c>
X 05947USV1 0.00 201,273.68 1,150,750,522.82
<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 876.14934957 34.57080739 2.17212043 0.00000000 0.00000000 841.57854217
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 4.42146759 0.00000000 0.00000000 1,000.00000000
A-1A 05947USJ8 997.86754416 0.59057412 4.32991358 0.00000000 0.00000000 997.27697004
B 05947UVD7 1,000.00000000 0.00000000 4.46730103 0.00000000 0.00000000 1,000.00000000
C 05947UVE5 1,000.00000000 0.00000000 4.46730086 0.00000000 0.00000000 1,000.00000000
D 05947UVF2 1,000.00000000 0.00000000 4.46730089 0.00000000 0.00000000 1,000.00000000
E 05947UVG0 1,000.00000000 0.00000000 4.46730086 0.00000000 0.00000000 1,000.00000000
F 05947USK5 1,000.00000000 0.00000000 4.46730078 0.00000000 0.00000000 1,000.00000000
G 05947USL3 1,000.00000000 0.00000000 4.46730086 0.00000000 0.00000000 1,000.00000000
H 05947USM1 1,000.00000000 0.00000000 4.46730078 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 4.25166689 0.00000000 0.00000000 1,000.00000000
CC-A 05947USW9 995.80912552 1.16937339 4.73258231 0.00000000 0.00000000 994.63975214
CC-B 05947USX7 995.80912438 1.16936996 4.28944780 0.00000000 0.00000000 994.63975442
CC-C 05947USY5 995.80912496 1.16937145 4.16912114 0.00000000 0.00000000 994.63975350
CC-D 05947USZ2 995.80912465 1.16937086 4.58818990 0.00000000 0.00000000 994.63975378
CC-E 05947UTA6 995.80912404 1.16937074 4.37326211 0.00000000 0.00000000 994.63975330
CC-F 05947UTB4 995.80912583 1.16937227 4.86120862 0.00000000 0.00000000 994.63975356
SS-A 05947UTC2 1,000.00000000 0.00000000 5.08333415 0.00000000 0.00000000 1,000.00000000
SS-B 05947UTD0 1,000.00000000 0.00000000 6.04166479 0.00000000 0.00000000 1,000.00000000
SS-C 05947UTE8 1,000.00000000 0.00000000 6.04166565 0.00000000 0.00000000 1,000.00000000
SS-D 05947UTF5 1,000.00000000 0.00000000 6.04166694 0.00000000 0.00000000 1,000.00000000
UH-A 05947UTG3 995.04507741 1.38967281 4.43209663 0.00000000 0.00000000 993.65540461
UH-B 05947UTH1 995.04507732 1.38967297 4.47106868 0.00000000 0.00000000 993.65540435
UH-C 05947UTJ7 995.04507595 1.38967274 4.50755311 0.00000000 0.00000000 993.65540321
UH-D 05947UTK4 995.04507754 1.38967266 4.59047503 0.00000000 0.00000000 993.65540488
UH-E 05947UTL2 995.04507874 1.38967398 4.66924840 0.00000000 0.00000000 993.65540476
UH-F 05947UTM0 995.04507713 1.38967241 4.74802319 0.00000000 0.00000000 993.65540472
UH-G 05947UTN8 995.04507717 1.38967295 4.86659953 0.00000000 0.00000000 993.65540422
UH-H 05947UTP3 995.04507874 1.38967398 4.98517505 0.00000000 0.00000000 993.65540476
UH-J 05947UTQ1 995.04507758 1.38967310 5.22232843 0.00000000 0.00000000 993.65540448
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.)
Class CUSIP Beginning Interest Prepayment Ending
Notional Distribution Premium Notional
Amount Amount
<s> <c> <c> <c> <c> <c>
X 05947USV1 997.00950715 0.17423758 0.00000000 996.17590929
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 1,164,385.66
Master Servicing Advances Outstanding 0.00
Reimbursement for Interest on P & I Advances 0.00
paid from general collections
Master Servicing Fee Summary
<s> <c>
Current Period Accrued Master Servicing Fees 98,266.23
Less Delinquent Master Servicing Fees 18,644.05
Less Reductions to Master Servicing Fees 0.00
Plus Master Servicing Fees for Delinquent Payments Received 18,592.65
Plus Adjustments for Prior Master Servicing Calculation 0.00
Total Master Servicing Fees Collected 98,214.83
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 49,958.77 0.00 49,958.77 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 1,832,245.05 0.00 1,832,245.05 0.00
A-1A 1,230,384.20 0.00 1,230,384.20 0.00
X 201,273.68 0.00 201,273.68 0.00
B 129,012.08 0.00 129,012.08 0.00
C 51,604.83 0.00 51,604.83 0.00
D 109,660.26 0.00 109,660.26 0.00
E 51,604.83 0.00 51,604.83 0.00
F 70,956.64 0.00 70,956.64 0.00
G 51,604.83 0.00 51,604.83 0.00
H 70,956.64 0.00 70,956.64 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 9,537.54 0.00 9,537.54 0.00
CC-B 19,203.09 0.00 19,203.09 0.00
CC-C 15,772.74 0.00 15,772.74 0.00
CC-D 28,930.29 0.00 28,930.29 0.00
CC-E 19,302.56 0.00 19,302.56 0.00
CC-F 19,471.61 0.00 19,471.61 0.00
SS-A 16,546.09 0.00 16,546.09 0.00
SS-B 14,056.64 0.00 14,056.64 0.00
SS-C 21,084.96 0.00 21,084.96 0.00
SS-D 28,113.29 0.00 28,113.29 0.00
UH-A 53,523.98 0.00 53,523.98 0.00
UH-B 39,388.51 0.00 39,388.51 0.00
UH-C 13,927.37 0.00 13,927.37 0.00
UH-D 43,588.47 0.00 43,588.47 0.00
UH-E 23,505.37 0.00 23,505.37 0.00
UH-F 29,597.51 0.00 29,597.51 0.00
UH-G 30,910.46 0.00 30,910.46 0.00
UH-H 25,095.77 0.00 25,095.77 0.00
UH-J 88,128.62 0.00 88,128.62 0.00
Total 5,684,735.52 0.00 5,684,735.52 0.00
Class Additional Interest Remaining Unpaid
Trust Fund Distribution Distributable
Expenses Certificate Interest
<s> <c> <c> <c>
A-1 0.00 49,958.77 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 1,832,245.05 0.00
A-1A 0.00 1,230,384.20 0.00
X 0.00 201,273.68 0.00
B 0.00 129,012.08 0.00
C 0.00 51,604.83 0.00
D 0.00 109,660.26 0.00
E 0.00 51,604.83 0.00
F 0.00 70,956.64 0.00
G 0.00 51,604.83 0.00
H 0.00 70,956.64 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 0.00 79,810.08 95.48
CC-A 0.00 9,537.54 0.00
CC-B 0.00 19,203.09 0.00
CC-C 0.00 15,772.74 0.00
CC-D 0.00 28,930.29 0.00
CC-E 0.00 19,302.56 0.00
CC-F 0.00 19,471.61 0.00
SS-A 0.00 16,546.09 0.00
SS-B 0.00 14,056.64 0.00
SS-C 0.00 21,084.96 0.00
SS-D 0.00 28,113.29 0.00
UH-A 0.00 53,523.98 0.00
UH-B 0.00 39,388.51 0.00
UH-C 0.00 13,927.37 0.00
UH-D 0.00 43,588.47 0.00
UH-E 0.00 23,505.37 0.00
UH-F 0.00 29,597.51 0.00
UH-G 0.00 30,910.46 0.00
UH-H 0.00 25,095.77 0.00
UH-J 0.00 88,128.62 0.00
Total 0.00 5,684,735.52 95.48
Other Required Information
<s> <c>
Available Distribution Amount (1) 6,778,361.49
Aggregate Number of Outstanding Loans 95
Aggregate Unpaid Principal Balance of Loans 1,262,044,357.93
Aggregate Stated Principal Balance of Loans 1,261,878,106.12
Aggregate Amount of Master Servicing Fee 98,214.83
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 1,999.71
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 5,785,001.79
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 5,785,001.79
Principal:
Scheduled Principal 1,093,625.88
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 1,093,625.88
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 6,878,627.67
Total Funds Distributed
Fees:
Master Servicing Fee 98,266.23
Trustee Fee 1,999.71
Certificate Administration Fee 0.00
Insurer Fee 0.00
Miscellaneous Fee 0.00
Total Fees 100,265.93
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 5,684,735.52
Principal Distribution 1,093,625.97
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 6,778,361.49
Total Funds Distributed 6,878,627.42
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 7,403,889.03 0.59 82 5.2652 1.443648
2,000,000 to 2,999,999 7 17,558,849.52 1.39 115 5.6840 1.195660
3,000,000 to 3,999,999 12 42,359,352.59 3.36 85 5.3184 1.511650
4,000,000 to 4,999,999 8 35,641,671.48 2.82 113 5.8933 1.351578
5,000,000 to 7,499,999 19 117,062,001.29 9.28 102 5.5649 1.452994
7,500,000 to 9,999,999 11 97,946,062.06 7.76 108 5.4632 1.466669
10,000,000 to 14,999,999 14 159,508,918.63 12.64 112 5.5844 1.296263
15,000,000 to 19,999,999 6 104,312,325.50 8.27 94 5.4534 1.316913
20,000,000 to 29,999,999 7 166,071,604.41 13.16 96 5.0420 1.325334
30,000,000 to 49,999,999 4 154,553,484.91 12.25 102 4.9820 1.240440
50,000,000 to 99,999,999 1 75,850,000.00 6.01 112 5.2472 2.225584
100,000,000 or greater 2 283,609,946.70 22.48 113 6.0303 2.603122
Totals 95 1,261,878,106.12 100.00 105 5.4965 1.680562
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 8,587,470.99 0.68 109 5.1475 1.904915
Arizona 14 64,952,538.84 5.15 129 5.6649 1.529283
California 12 85,179,045.86 6.75 112 5.5188 1.420669
Colorado 4 6,415,856.47 0.51 113 6.2774 2.362908
Connecticut 1 20,808,856.09 1.65 113 5.4600 1.354805
Delaware 1 2,710,354.00 0.21 131 6.3270 1.200026
Florida 23 88,747,374.92 7.03 109 5.8282 1.649018
Georgia 8 25,899,148.77 2.05 70 4.9345 1.767601
Illinois 6 22,669,752.09 1.80 112 6.1049 1.928207
Indiana 5 35,546,929.68 2.82 129 5.3801 1.388758
Iowa 1 1,870,000.00 0.15 107 5.7870 1.200988
Kansas 1 1,506,109.91 0.12 113 6.4490 2.777216
Kentucky 1 2,693,662.72 0.21 111 5.2900 1.245913
Louisiana 4 13,985,333.43 1.11 104 5.2516 2.014661
Maryland 3 16,144,293.71 1.28 112 5.2639 1.720378
Massachusetts 11 36,465,211.62 2.89 90 5.0667 1.509779
Michigan 5 91,624,950.00 7.26 120 5.1241 1.245802
Minnesota 2 20,102,031.64 1.59 114 5.2619 1.353060
Mississippi 1 165,304.75 0.01 113 6.4490 2.777216
Missouri 2 2,755,079.11 0.22 113 6.4490 2.777216
Nevada 11 53,307,577.15 4.22 104 5.7686 1.725374
New Hampshire 1 3,752,000.00 0.30 78 4.7738 1.452203
New Jersey 6 33,740,782.88 2.67 97 5.2099 1.423091
New Mexico 1 716,320.57 0.06 113 6.4490 2.777216
New York 4 135,967,983.22 10.78 86 5.0260 1.813047
North Carolina 3 19,880,130.12 1.58 95 5.3658 1.697155
North Dakota 1 2,702,571.46 0.21 114 5.3300 1.258952
Ohio 2 6,417,169.61 0.51 113 5.3457 1.422400
Oklahoma 1 477,547.05 0.04 113 6.4490 2.777216
Oregon 2 15,958,751.70 1.26 112 5.6778 1.578107
Pennsylvania 4 24,678,000.00 1.96 99 5.3544 1.299649
South Carolina 1 6,971,251.89 0.55 111 5.2500 1.448604
South Dakota 1 3,173,030.26 0.25 73 5.2600 1.346939
Tennessee 5 25,700,622.40 2.04 110 5.7784 1.393644
Texas 27 209,215,745.69 16.58 100 5.4493 1.848579
Utah 2 13,223,268.86 1.05 65 4.6405 1.702814
Virginia 6 27,579,844.31 2.19 94 5.7494 1.629884
Washington 3 18,458,621.94 1.46 113 5.8446 1.094462
Totals 189 1,261,878,106.12 100.00 105 5.4965 1.680562
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 1.09 112 7.0292 NAP
1.19 or less 5 26,308,946.94 2.08 106 5.7312 1.085708
1.20 to 1.24 16 242,506,466.93 19.22 95 5.2077 1.228624
1.25 to 1.29 14 150,394,121.47 11.92 111 5.2488 1.265147
1.30 to 1.34 11 102,195,138.58 8.10 116 5.4995 1.327189
1.35 to 1.39 11 79,619,175.52 6.31 106 5.5592 1.363298
1.40 to 1.49 14 157,911,098.53 12.51 95 5.2870 1.449459
1.50 to 1.59 7 45,458,046.65 3.60 101 5.5616 1.550307
1.60 to 1.69 3 22,587,935.58 1.79 121 5.4704 1.686222
1.70 to 1.79 3 16,862,609.20 1.34 111 5.2504 1.781437
1.80 to 1.89 2 20,532,721.85 1.63 65 4.6832 1.841752
1.90 to 1.99 4 21,038,485.28 1.67 86 5.1299 1.931240
2.00 or greater 4 362,738,615.59 28.75 113 5.8659 2.519087
Totals 95 1,261,878,106.12 100.00 105 5.4965 1.680562
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 23,242,607.90 1.84 112 5.1834 1.653909
Lodging 1 14,329,590.73 1.14 111 6.3090 1.578317
Mobile Home Park 21 226,844,686.13 17.98 111 5.3822 1.267348
Multi-Family 21 184,064,996.07 14.59 94 5.0781 1.302546
Office 25 365,323,396.21 28.95 103 5.3509 1.745200
Retail 19 147,146,108.41 11.66 111 5.4805 1.475678
Self Storage 99 189,799,138.27 15.04 102 5.8607 2.208446
Totals 189 1,261,878,106.12 100.00 105 5.4965 1.680562
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 76,472,886.18 6.06 52 4.3487 1.384205
4.500% to 4.749% 2 30,950,000.00 2.45 76 4.6600 1.272064
4.750% to 4.999% 9 121,754,234.66 9.65 85 4.8413 1.442772
5.000% to 5.249% 9 157,139,299.54 12.45 106 5.1773 1.820037
5.250% to 5.499% 24 365,583,889.92 28.97 110 5.3367 1.567262
5.500% to 5.749% 17 144,792,540.69 11.47 116 5.6302 1.394607
5.750% to 5.999% 15 89,869,874.94 7.12 119 5.8578 1.368837
6.000% to 6.249% 7 41,857,892.92 3.32 117 6.0620 1.425844
6.250% to 6.499% 5 213,792,995.43 16.94 114 6.4293 2.564715
6.500% and greater 2 19,664,491.84 1.56 111 6.8723 0.399963
Totals 95 1,261,878,106.12 100.00 105 5.4965 1.680562
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 0 0.00 0.00 0 0.0000 0.000000
5 months and greater 95 1,261,878,106.12 100.00 105 5.4965 1.680562
Totals 95 1,261,878,106.12 100.00 105 5.4965 1.680562
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 13 121,719,460.79 9.65 51 4.6894 1.379714
60 to 79 months 10 156,786,204.07 12.42 76 4.9023 1.362279
80 to 99 months 3 33,816,982.19 2.68 90 5.4377 1.408958
100 to 109 months 3 15,405,390.35 1.22 108 5.6666 1.539384
110 to 119 months 55 777,000,472.31 61.57 113 5.7308 1.885090
120 to 139 months 8 133,425,341.25 10.57 138 5.5090 1.286368
140 to 159 months 0 0.00 0.00 0 0.0000 0.000000
160 months or greater 2 21,800,000.00 1.73 173 5.8277 1.296915
Totals 94 1,259,953,850.96 99.85 105 5.4967 1.680624
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 1,924,255.16 0.15 114 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 1,924,255.16 0.15 114 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 88 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 4,089,636.22 0.32 113 6.0840 1.300000
250 to 274 months 0 0.00 0.00 0 0.0000 0.000000
275 to 299 months 8 230,989,625.34 18.31 113 6.3480 2.483354
300 to 324 months 1 2,081,198.67 0.16 113 5.9200 1.500000
325 to 349 months 18 185,178,433.28 14.67 103 5.5476 1.698033
350 months and greater 62 806,800,213.45 63.94 104 5.2298 1.475776
Totals 94 1,259,953,850.96 99.85 105 5.4967 1.680624
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 1,156,354,848.43 91.64 105 5.4607 1.718159
Unknown 1 13,724,744.00 1.09 112 7.0292 NAP
Totals 95 1,261,878,106.12 100.00 105 5.4965 1.680562
<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 3,496,219.32 0.28 80 5.4747 1.284177
2,000,000 to 2,999,999 5 12,558,908.60 1.00 117 5.7784 1.174327
3,000,000 to 3,999,999 6 21,223,867.35 1.68 101 5.2415 1.625864
4,000,000 to 4,999,999 7 31,002,201.98 2.46 113 5.8688 1.365282
5,000,000 to 7,499,999 13 80,426,540.38 6.37 103 5.6753 1.513089
7,500,000 to 9,999,999 7 62,747,095.29 4.97 109 5.4722 1.569283
10,000,000 to 14,999,999 10 112,786,067.71 8.94 118 5.6222 1.444152
15,000,000 to 19,999,999 4 67,844,531.52 5.38 101 5.5530 1.347151
20,000,000 to 29,999,999 4 96,020,678.36 7.61 94 4.9895 1.365284
30,000,000 to 49,999,999 3 117,202,012.91 9.29 90 4.8743 1.232373
50,000,000 to 99,999,999 1 75,850,000.00 6.01 112 5.2472 2.225584
100,000,000 and greater 2 283,609,946.70 22.48 113 6.0303 2.603122
Totals 64 964,768,070.12 76.45 107 5.5497 1.817145
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 8,587,470.99 0.68 109 5.1475 1.904915
Arizona 13 61,215,169.05 4.85 134 5.6841 1.546334
California 10 63,668,790.99 5.05 109 5.4396 1.487007
Colorado 4 6,415,856.47 0.51 113 6.2774 2.362908
Connecticut 1 20,808,856.09 1.65 113 5.4600 1.354805
Delaware 1 2,710,354.00 0.21 131 6.3270 1.200026
Florida 17 50,705,277.60 4.02 110 6.0975 1.954012
Georgia 6 7,390,958.90 0.59 113 6.4490 2.777216
Illinois 6 22,669,752.09 1.80 112 6.1049 1.928207
Indiana 1 1,579,578.69 0.13 113 6.4490 2.777216
Iowa 1 1,870,000.00 0.15 107 5.7870 1.200988
Kansas 1 1,506,109.91 0.12 113 6.4490 2.777216
Louisiana 3 10,706,664.54 0.85 101 5.0365 2.006901
Maryland 1 3,820,376.37 0.30 113 6.4490 2.777216
Massachusetts 10 32,965,211.62 2.61 91 5.0427 1.526109
Michigan 1 40,964,950.00 3.25 139 5.3200 1.225000
Minnesota 1 1,102,031.64 0.09 113 6.4490 2.777216
Mississippi 1 165,304.75 0.01 113 6.4490 2.777216
Missouri 2 2,755,079.11 0.22 113 6.4490 2.777216
Nevada 11 53,307,577.15 4.22 104 5.7686 1.725374
New Hampshire 1 3,752,000.00 0.30 78 4.7738 1.452203
New Jersey 6 33,740,782.88 2.67 97 5.2099 1.423091
New Mexico 1 716,320.57 0.06 113 6.4490 2.777216
New York 3 118,500,189.24 9.39 91 4.9782 1.896044
North Carolina 3 19,880,130.12 1.58 95 5.3658 1.697155
North Dakota 1 2,702,571.46 0.21 114 5.3300 1.258952
Ohio 2 6,417,169.61 0.51 113 5.3457 1.422400
Oklahoma 1 477,547.05 0.04 113 6.4490 2.777216
Oregon 2 15,958,751.70 1.26 112 5.6778 1.578107
Pennsylvania 4 24,678,000.00 1.96 99 5.3544 1.299649
Tennessee 3 10,782,728.42 0.85 101 5.8483 1.584588
Texas 25 200,432,331.14 15.88 102 5.4985 1.861205
Utah 2 13,223,268.86 1.05 65 4.6405 1.702814
Virginia 5 7,368,918.26 0.58 113 6.4490 2.777216
Washington 2 13,819,152.44 1.10 113 5.7733 1.038886
Totals 155 964,768,070.12 76.45 107 5.5497 1.817145
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 11 180,372,041.59 14.29 98 5.1076 1.211052
1.25 to 1.29 6 44,589,641.32 3.53 128 5.6485 1.267835
1.30 to 1.34 6 48,203,479.37 3.82 110 5.7437 1.319964
1.35 to 1.39 10 76,119,175.52 6.03 108 5.5714 1.363635
1.40 to 1.49 12 140,251,656.77 11.11 98 5.3557 1.450658
1.50 to 1.59 5 36,674,632.10 2.91 112 5.8578 1.547873
1.60 to 1.69 2 20,663,680.42 1.64 122 5.4804 1.690526
1.70 to 1.79 3 16,862,609.20 1.34 111 5.2504 1.781437
1.80 to 1.89 2 20,532,721.85 1.63 65 4.6832 1.841752
1.90 to 1.99 4 21,038,485.28 1.67 86 5.1299 1.931240
2.00 or greater 3 359,459,946.70 28.49 113 5.8651 2.523457
Totals 64 964,768,070.12 76.45 107 5.5497 1.817145
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 23,242,607.90 1.84 112 5.1834 1.653909
Lodging 1 14,329,590.73 1.14 111 6.3090 1.578317
Mobile Home Park 5 66,835,629.87 5.30 129 5.5048 1.270960
Multi-Family 3 60,688,760.33 4.81 91 4.9847 1.231811
Office 25 365,323,396.21 28.95 103 5.3509 1.745200
Retail 19 147,146,108.41 11.66 111 5.4805 1.475678
Self Storage 99 189,799,138.27 15.04 102 5.8607 2.208446
Totals 155 964,768,070.12 76.45 107 5.5497 1.817145
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 51,164,696.31 4.05 52 4.3772 1.366916
4.500% to 4.749% 1 3,750,000.00 0.30 77 4.6600 1.360129
4.750% to 4.999% 7 109,371,157.93 8.67 83 4.8450 1.450218
5.000% to 5.249% 7 134,389,408.88 10.65 106 5.1758 1.913389
5.250% to 5.499% 9 210,354,279.75 16.67 114 5.3339 1.779820
5.500% to 5.749% 15 136,326,262.49 10.80 116 5.6272 1.407954
5.750% to 5.999% 13 77,833,312.07 6.17 120 5.8658 1.345116
6.000% to 6.249% 6 37,218,423.42 2.95 117 6.0626 1.446518
6.250% to 6.499% 3 198,420,781.43 15.72 113 6.4372 2.669090
6.500% or greater 1 5,939,747.84 0.47 108 6.5100 1.324143
Totals 64 964,768,070.12 76.45 107 5.5497 1.817145
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 0 0.00 0.00 0 0.0000 0.000000
5 months or greater 64 964,768,070.12 76.45 107 5.5497 1.817145
Totals 64 964,768,070.12 76.45 107 5.5497 1.817145
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 60,124,281.28 4.76 52 4.4854 1.434725
60 to 79 months 7 122,913,173.81 9.74 76 4.9355 1.385506
80 to 109 months 5 29,011,446.49 2.30 102 5.5198 1.615729
110 to 139 months 46 730,919,168.54 57.92 114 5.7335 1.944698
140 to 159 months 0 0.00 0.00 0 0.0000 0.000000
160 months or greater 2 21,800,000.00 1.73 173 5.8277 1.296915
Totals 64 964,768,070.12 76.45 107 5.5497 1.817145
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 1.08 66 4.4401 1.883775
249 months or less 1 4,089,636.22 0.32 113 6.0840 1.300000
250 to 274 months 0 0.00 0.00 0 0.0000 0.000000
275 to 299 months 8 230,989,625.34 18.31 113 6.3480 2.483354
300 to 324 months 1 2,081,198.67 0.16 113 5.9200 1.500000
325 to 349 months 11 133,616,030.23 10.59 111 5.4977 1.876880
350 months or greater 41 580,401,579.66 46.00 104 5.2649 1.541474
Totals 64 964,768,070.12 76.45 107 5.5497 1.817145
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 51 882,811,949.98 69.96 107 5.5360 1.851979
Totals 64 964,768,070.12 76.45 107 5.5497 1.817145
<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 3,907,669.71 0.31 83 5.0777 1.586328
2,000,000 to 2,999,999 2 4,999,940.92 0.40 111 5.4468 1.249245
3,000,000 to 3,999,999 6 21,135,485.24 1.67 69 5.3956 1.396960
4,000,000 to 4,999,999 1 4,639,469.50 0.37 114 6.0570 1.260000
5,000,000 to 7,499,999 6 36,635,460.91 2.90 99 5.3225 1.321066
7,500,000 to 9,999,999 4 35,198,966.77 2.79 105 5.4472 1.283745
10,000,000 to 14,999,999 3 32,998,106.92 2.61 93 4.8540 1.329936
15,000,000 to 19,999,999 2 36,467,793.98 2.89 82 5.2682 1.260658
20,000,000 to 29,999,999 3 70,050,926.05 5.55 100 5.1140 1.270573
30,000,000 or greater 1 37,351,472.00 2.96 139 5.3200 1.265753
Totals 30 283,385,292.00 22.46 100 5.2409 1.296969
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 3,737,369.79 0.30 47 5.3500 1.250000
California 2 21,510,254.87 1.70 121 5.7534 1.224312
Florida 6 38,042,097.32 3.01 107 5.4691 1.242500
Georgia 2 18,508,189.87 1.47 53 4.3297 1.364427
Indiana 4 33,967,350.99 2.69 130 5.3304 1.324190
Kentucky 1 2,693,662.72 0.21 111 5.2900 1.245913
Louisiana 1 3,278,668.89 0.26 113 5.9540 2.040000
Maryland 2 12,323,917.34 0.98 112 4.8965 1.392762
Massachusetts 1 3,500,000.00 0.28 78 5.2930 1.355972
Michigan 4 50,660,000.00 4.01 105 4.9656 1.262623
Minnesota 1 19,000,000.00 1.51 114 5.1930 1.270457
New York 1 17,467,793.98 1.38 47 5.3500 1.250000
South Carolina 1 6,971,251.89 0.55 111 5.2500 1.448604
South Dakota 1 3,173,030.26 0.25 73 5.2600 1.346939
Tennessee 2 14,917,893.98 1.18 117 5.7279 1.255628
Texas 2 8,783,414.55 0.70 53 4.3246 1.560471
Virginia 1 20,210,926.05 1.60 87 5.4943 1.211566
Washington 1 4,639,469.50 0.37 114 6.0570 1.260000
Totals 34 283,385,292.00 22.46 100 5.2409 1.296969
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 9,856,525.64 0.78 95 5.5870 1.168908
1.20 to 1.24 8 78,586,846.64 6.23 92 5.5652 1.228598
1.25 to 1.29 8 105,804,480.15 8.38 104 5.0804 1.264014
1.30 to 1.34 5 53,991,659.21 4.28 122 5.2815 1.333640
1.35 to 1.39 1 3,500,000.00 0.28 78 5.2930 1.355972
1.40 to 1.49 2 17,659,441.76 1.40 75 4.7416 1.439943
1.50 to 1.59 2 8,783,414.55 0.70 53 4.3246 1.560471
1.60 and greater 2 5,202,924.05 0.41 113 5.7358 1.892064
Totals 30 283,385,292.00 22.46 100 5.2409 1.296969
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 16 160,009,056.26 12.68 104 5.3309 1.265839
Multi-Family 18 123,376,235.74 9.78 95 5.1241 1.337341
Totals 34 283,385,292.00 22.46 100 5.2409 1.296969
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 25,308,189.87 2.01 53 4.2911 1.419156
4.500% to 4.749% 1 27,200,000.00 2.16 76 4.6600 1.259923
4.750% to 4.999% 2 12,383,076.73 0.98 103 4.8084 1.377006
5.000% to 5.249% 2 22,749,890.66 1.80 104 5.1862 1.268585
5.250% to 5.499% 15 155,229,610.17 12.30 106 5.3405 1.279222
5.500% to 5.749% 2 8,466,278.20 0.67 117 5.6773 1.179680
5.750% to 5.999% 2 12,036,562.87 0.95 114 5.8063 1.522229
6.000% to 6.249% 1 4,639,469.50 0.37 114 6.0570 1.260000
6.250% or greater 2 15,372,214.00 1.22 131 6.3270 1.217469
Totals 30 283,385,292.00 22.46 100 5.2409 1.296969
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 0 0.00 0.00 0 0.0000 0.000000
5 months or greater 30 283,385,292.00 22.46 100 5.2409 1.296969
Totals 30 283,385,292.00 22.46 100 5.2409 1.296969
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 61,595,179.51 4.88 50 4.8886 1.326016
60 to 79 months 3 33,873,030.26 2.68 76 4.7816 1.277998
80 to 99 months 1 20,210,926.05 1.60 87 5.4943 1.211566
100 to 109 months 0 0.00 0.00 0 0.0000 0.000000
110 to 119 months 11 85,138,215.02 6.75 113 5.3588 1.317216
120 to 139 months 5 80,643,686.00 6.39 137 5.5120 1.274593
140 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 29 281,461,036.84 22.30 100 5.2401 1.294623
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 1,924,255.16 0.15 114 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 1,924,255.16 0.15 114 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 78 5.2930 1.355972
149 months or less 0 0.00 0.00 0 0.0000 0.000000
150 to 349 months 7 51,562,403.05 4.09 82 5.6769 1.234580
350 months or greater 21 226,398,633.79 17.94 105 5.1397 1.307350
Totals 29 281,461,036.84 22.30 100 5.2401 1.294623
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 27 273,542,898.45 21.68 100 5.2176 1.286277
Totals 30 283,385,292.00 22.46 100 5.2409 1.296969
<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 145,865.57 45,239.81 4.902%
3181229 2 MF Tucson AZ 94,526.59 27,291.70 5.075%
3180874 3 MF Minneapolis MN 82,222.50 0.00 5.193%
3179736 4 MF Chula Vista CA 52,576.00 13,993.51 5.291%
3180130 5 MF Athens GA 39,333.53 14,812.46 4.410%
3179934 6 MF Fort Washington MD 41,739.08 13,414.27 4.810%
3174307 7 MF Indianapolis IN 39,739.71 10,680.05 5.280%
883184462 8 MF Collierville TN 42,016.98 9,343.02 5.751%
3180353 9 MF Atlanta GA 27,500.33 0.00 4.220%
3155850 10 MF Aiken SC 30,535.71 8,339.43 5.250%
3179777 11 MF Houston TX 23,720.67 0.00 4.186%
3131711 12 MF Clarksville TN 29,234.33 0.00 5.695%
883184371 13 MF Seattle WA 23,441.44 4,698.78 6.057%
883184256 14 MF Tallahassee FL 16,118.84 4,498.30 5.152%
883184264 15 MF Tallahassee FL 16,674.99 4,230.08 5.407%
3180494 16 MF Boston MA 15,437.92 0.00 5.293%
883181195 17 MF Bossier City LA 16,284.55 3,403.13 5.954%
3179603 18 MF West Fargo ND 12,017.86 3,137.14 5.330%
3172558 19 MF Bowling Green KY 11,888.66 3,198.74 5.290%
883180098 20 MF Bloomington IN 10,832.29 2,559.06 5.630%
883181211 21 MF Pasadena TX 7,943.86 2,549.45 4.800%
3165800 22 RT Milford CT 94,788.11 23,694.97 5.460%
3179496 23 RT Tucson AZ 57,116.67 0.00 5.960%
883179801 24 RT Addison IL 57,082.55 11,865.76 6.000%
3173036 25 RT Monrovia CA 48,431.97 12,126.91 5.471%
3179553 26 RT St. George UT 37,859.25 0.00 4.290%
3172616 27 RT Phoenix AZ 48,753.33 0.00 5.680%
3180254 28 RT Statesville NC 42,324.32 12,037.25 5.102%
3172590 29 RT Springfield MA 44,433.51 11,470.14 5.360%
3179462 30 RT Whiteville NC 39,361.35 9,695.62 5.500%
883179926 31 RT Las Vegas NV 31,204.94 8,973.34 5.100%
3170743 32 RT Houston TX 32,254.11 5,709.44 6.510%
3180304 33 RT Cleveland TN 25,743.46 5,326.27 5.968%
3170180 34 RT Palm Springs CA 23,202.45 4,938.11 5.889%
883180155 35 RT Oakley CA 19,384.89 4,762.33 5.521%
3179751 36 RT Nashville TN 17,555.08 4,452.06 5.421%
883180015 37 RT Chicago IL 16,381.44 5,476.83 5.674%
883184157 38 RT Sacramento CA 13,667.39 4,160.86 4.924%
883184249 39 RT Chalmette LA 12,425.00 0.00 4.970%
883181203 40 RT Puyallup WA 10,650.47 2,878.52 5.250%
3180023 41 OF Houston TX 450,976.59 120,187.92 5.288%
3174323 42 OF New York NY 331,669.61 0.00 5.247%
3179504 43 OF New York NY 148,980.44 56,331.53 4.400%
883180189 44 OF Las Vegas NV 83,216.89 19,969.82 5.587%
3172566 45 OF Hamilton NJ 82,540.86 20,135.99 5.542%
3172434 46 OF Houston TX 75,411.48 19,388.57 5.384%
883180866 47 OF Tumwater WA 55,931.99 17,356.36 5.885%
3171055 48 OF Houston TX 53,124.41 12,188.09 5.743%
3179611 49 OF Redmond OR 46,938.39 11,145.53 5.616%
3170149 50 OF Temple TX 46,262.59 9,429.52 6.090%
3172277 51 OF Los Angeles CA 41,030.08 10,127.41 5.510%
3170990 52 OF Plano TX 41,503.44 9,521.95 5.743%
3172715 53 OF Carrollton TX 36,340.76 11,478.80 5.890%
3179926 54 OF Baton Rouge LA 28,204.46 8,707.58 4.900%
3179769 55 OF Murrietta CA 30,541.18 6,823.75 5.754%
3170974 56 OF Irving TX 30,214.51 6,931.97 5.743%
883179959 57 OF Goodyear AZ 29,062.77 6,010.94 6.000%
883181237 58 OF Bedford OH 25,063.39 6,853.15 5.219%
3170552 59 OF Reno NV 25,028.04 6,200.36 5.500%
3172095 60 OF Reno NV 25,925.26 5,759.40 5.800%
883184405 61 OF Las Vegas NV 21,774.59 4,080.07 6.248%
883180064 62 OF Layton UT 13,295.93 3,940.06 6.050%
883181062 63 OF Evergreen CO 10,281.66 2,921.95 5.920%
3171766 64 OF Corpus Christi TX 6,940.99 2,006.21 5.116%
3180114 65 IN Oceanside CA 48,215.22 14,324.50 5.000%
3165131 66 IN Moody AL 31,545.70 9,549.88 4.978%
883181187 67 IN Las Vegas NV 20,780.86 9,152.49 6.084%
3184702 68 MH Ann Arbor MI 181,611.28 0.00 5.320%
3184686 69 MH Various Various 165,591.53 0.00 5.320%
3179744 70 MH Clinton Township MI 105,626.67 0.00 4.660%
3184678 71 MH Various IN 100,370.67 0.00 5.320%
3184660 72 MH Bradenton FL 23,408.00 0.00 5.320%
3172012 73 MH Stafford VA 92,643.23 23,112.78 5.494%
3167350 74 MH Manorville NY 77,970.74 20,969.36 5.350%
3166923 75 MH Bath PA 73,053.21 0.00 5.711%
3167525 76 MH El Cajon CA 50,616.00 0.00 6.327%
883181088 77 MH Wilsonville OR 28,666.78 9,195.72 5.782%
3167475 78 MH Ocala FL 30,434.00 0.00 6.327%
3167574 79 MH Eustis FL 25,228.73 6,784.98 5.350%
3167277 80 MH Apache Junction AZ 16,682.44 4,486.56 5.350%
3170115 81 MH Sioux Falls SD 13,925.24 3,831.44 5.260%
3167459 82 MH Rehoboth Beach DE 14,290.34 0.00 6.327%
883181252 83 MH Camp Springs MD 8,659.14 12,911.59 5.364%
3166873 84 MH Marshalltown IA 9,018.08 0.00 5.787%
3166659 85 SS Various Various 976,134.11 253,669.49 6.449%
3179850 86 SS Various Various 107,997.62 0.00 4.763%
3179868 87 SS Various Various 102,159.32 0.00 4.774%
3167061 88 SS Paramount CA 32,567.22 7,342.19 5.820%
3172640 89 SS Winter Park FL 24,065.49 5,090.66 5.920%
883179827 90 SS Orange Park FL 21,465.48 7,023.46 5.758%
883179942 91 SS Port Saint Lucie FL 21,142.72 4,914.74 5.678%
3172913 92 SS Rancho San Diego CA 18,196.04 4,077.05 5.730%
3179975 93 SS Port St. Lucie FL 14,562.50 0.00 4.660%
3165750 94 LO Miami Beach FL 75,446.84 20,734.72 6.309%
3185774 42B 80,394.58 0.00 7.029%
Totals 5,785,001.79 1,093,625.88
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 35,707,606.41 35,662,366.60 11/01/2004
3181229 N/A 05/01/2014 N 22,351,113.97 22,323,822.27 12/01/2004
3180874 N/A 06/01/2014 N 19,000,000.00 19,000,000.00 12/01/2004
3179736 N/A 05/01/2014 N 11,924,248.38 11,910,254.87 12/01/2004
3180130 N/A 04/01/2009 N 10,703,002.33 10,688,189.87 12/01/2004
3179934 N/A 04/01/2014 N 10,413,076.45 10,399,662.18 11/01/2004
3174307 N/A 04/01/2014 N 9,031,752.84 9,021,072.79 12/01/2004
883184462 N/A 07/01/2014 N 8,767,237.00 8,757,893.98 11/01/2004
3180353 N/A 06/01/2009 N 7,820,000.00 7,820,000.00 11/01/2004
3155850 N/A 03/01/2014 N 6,979,591.32 6,971,251.89 12/01/2004
3179777 N/A 05/01/2009 N 6,800,000.00 6,800,000.00 11/01/2004
3131711 N/A 11/01/2014 N 6,160,000.00 6,160,000.00 11/01/2004
883184371 N/A 06/01/2014 N 4,644,168.28 4,639,469.50 12/01/2004
883184256 N/A 06/01/2009 N 3,754,388.96 3,749,890.66 12/01/2004
883184264 N/A 06/01/2009 N 3,700,755.72 3,696,525.64 12/01/2004
3180494 N/A 06/01/2011 N 3,500,000.00 3,500,000.00 11/01/2004
883181195 N/A 05/01/2014 N 3,282,072.02 3,278,668.89 12/01/2004
3179603 N/A 06/01/2014 N 2,705,708.60 2,702,571.46 12/01/2004
3172558 N/A 03/01/2014 N 2,696,861.46 2,693,662.72 12/01/2004
883180098 N/A 04/01/2014 N 2,308,837.26 2,306,278.20 12/01/2004
883181211 N/A 05/01/2009 N 1,985,964.00 1,983,414.55 12/01/2004
3165800 N/A 05/01/2014 N 20,832,551.06 20,808,856.09 12/01/2004
3179496 N/A 06/01/2019 N 11,500,000.00 11,500,000.00 12/01/2004
883179801 N/A 03/01/2014 N 11,416,510.80 11,404,645.04 12/01/2004
3173036 N/A 04/01/2014 N 10,622,988.46 10,610,861.55 12/01/2004
3179553 N/A 05/01/2009 N 10,590,000.00 10,590,000.00 11/01/2004
3172616 N/A 04/01/2019 N 10,300,000.00 10,300,000.00 11/01/2004
3180254 N/A 06/01/2011 N 9,954,759.10 9,942,721.85 11/01/2004
3172590 N/A 06/01/2014 N 9,947,799.82 9,936,329.68 12/01/2004
3179462 N/A 05/01/2014 N 8,587,931.53 8,578,235.91 12/01/2004
883179926 N/A 04/01/2009 N 7,342,338.99 7,333,365.65 12/01/2004
3170743 N/A 12/01/2013 N 5,945,457.28 5,939,747.84 12/01/2004
3180304 N/A 06/01/2014 N 5,176,299.67 5,170,973.40 12/01/2004
3170180 N/A 06/01/2014 N 4,727,957.13 4,723,019.02 12/01/2004
883180155 N/A 04/01/2014 N 4,213,343.38 4,208,581.05 12/01/2004
3179751 N/A 05/01/2011 N 3,886,017.40 3,881,565.34 12/01/2004
883180015 N/A 04/01/2014 N 3,464,526.39 3,459,049.56 12/01/2004
883184157 N/A 06/01/2014 N 3,330,801.68 3,326,640.82 12/01/2004
883184249 N/A 06/01/2014 N 3,000,000.00 3,000,000.00 12/01/2004
883181203 N/A 05/01/2014 N 2,434,394.13 2,431,515.61 12/01/2004
3180023 N/A 05/01/2014 N 102,349,298.00 102,229,110.00 12/01/2004
3174323 N/A 04/01/2014 N 75,850,000.00 75,850,000.00 12/01/2004
3179504 N/A 04/01/2009 N 40,631,027.84 40,574,696.31 12/01/2004
883180189 N/A 04/01/2014 N 17,873,683.04 17,853,713.22 12/01/2004
3172566 N/A 04/01/2014 N 17,872,434.27 17,852,298.28 12/01/2004
3172434 N/A 08/01/2010 N 16,807,908.59 16,788,520.02 12/01/2004
883180866 N/A 05/01/2014 N 11,404,993.19 11,387,636.83 12/01/2004
3171055 N/A 02/01/2014 N 11,099,766.65 11,087,578.56 12/01/2004
3179611 N/A 04/01/2014 N 10,029,571.36 10,018,425.83 11/01/2004
3170149 N/A 01/01/2016 N 9,115,780.77 9,106,351.25 12/01/2004
3172277 N/A 04/01/2014 N 8,935,770.75 8,925,643.34 11/01/2004
3170990 N/A 02/01/2014 N 8,671,692.70 8,662,170.75 12/01/2004
3172715 N/A 02/01/2014 N 7,403,890.46 7,392,411.66 12/01/2004
3179926 N/A 10/01/2012 N 6,907,215.58 6,898,508.00 12/01/2004
3179769 06/01/2014 06/01/2034 N 6,369,380.02 6,362,556.27 12/01/2004
3170974 N/A 02/01/2014 N 6,312,992.34 6,306,060.37 12/01/2004
883179959 N/A 04/01/2014 N 5,812,553.68 5,806,542.74 12/01/2004
883181237 N/A 05/01/2014 N 5,762,803.77 5,755,950.62 12/01/2004
3170552 N/A 04/01/2014 N 5,460,663.24 5,454,462.88 12/01/2004
3172095 N/A 04/01/2014 N 5,363,846.34 5,358,086.94 11/01/2004
883184405 N/A 06/01/2014 N 4,182,059.38 4,177,979.31 12/01/2004
883180064 N/A 04/01/2014 N 2,637,208.92 2,633,268.86 12/01/2004
883181062 N/A 05/01/2014 N 2,084,120.62 2,081,198.67 12/01/2004
3171766 N/A 02/01/2009 N 1,628,225.53 1,626,219.32 12/01/2004
3180114 N/A 05/01/2014 N 11,571,653.67 11,557,329.17 12/01/2004
3165131 N/A 01/01/2014 N 7,605,192.39 7,595,642.51 12/01/2004
883181187 N/A 05/01/2014 N 4,098,788.71 4,089,636.22 12/01/2004
3184702 N/A 07/01/2016 N 40,964,950.00 40,964,950.00 12/01/2004
3184686 N/A 07/01/2016 N 37,351,472.00 37,351,472.00 12/01/2004
3179744 N/A 04/01/2011 N 27,200,000.00 27,200,000.00 12/01/2004
3184678 N/A 07/01/2016 N 22,640,000.00 22,640,000.00 12/01/2004
3184660 N/A 07/01/2016 N 5,280,000.00 5,280,000.00 12/01/2004
3172012 N/A 03/01/2012 N 20,234,038.83 20,210,926.05 11/01/2004
3167350 N/A 11/01/2008 N 17,488,763.34 17,467,793.98 11/01/2004
3166923 N/A 03/01/2014 N 15,350,000.00 15,350,000.00 12/01/2004
3167525 N/A 11/01/2015 N 9,600,000.00 9,600,000.00 11/01/2004
883181088 N/A 05/01/2014 N 5,949,521.59 5,940,325.87 12/01/2004
3167475 N/A 11/01/2015 N 5,772,214.00 5,772,214.00 11/01/2004
3167574 N/A 11/01/2008 N 5,658,780.00 5,651,995.02 11/01/2004
3167277 N/A 11/01/2008 N 3,741,856.35 3,737,369.79 11/01/2004
3170115 N/A 01/01/2011 N 3,176,861.70 3,173,030.26 11/01/2004
3167459 N/A 11/01/2015 N 2,710,354.00 2,710,354.00 11/01/2004
883181252 N/A 06/01/2014 N 1,937,166.75 1,924,255.16 12/01/2004
3166873 N/A 11/01/2013 N 1,870,000.00 1,870,000.00 12/01/2004
3166659 N/A 05/01/2014 N 181,634,506.20 181,380,836.70 12/01/2004
3179850 N/A 06/01/2011 N 27,208,000.00 27,208,000.00 11/01/2004
3179868 N/A 06/01/2011 N 25,680,000.00 25,680,000.00 12/01/2004
3167061 N/A 12/01/2012 N 6,714,890.33 6,707,548.14 12/01/2004
3172640 N/A 05/01/2014 N 4,878,140.80 4,873,050.14 12/01/2004
883179827 N/A 03/01/2014 N 4,473,528.59 4,466,505.13 12/01/2004
883179942 N/A 04/01/2014 N 4,468,345.85 4,463,431.11 12/01/2004
3172913 N/A 07/01/2014 N 3,810,688.68 3,806,611.63 12/01/2004
3179975 N/A 05/01/2011 N 3,750,000.00 3,750,000.00 12/01/2004
3165750 N/A 03/01/2014 N 14,350,325.45 14,329,590.73 12/01/2004
3185774 N/A 04/01/2014 N 13,724,744.00 13,724,744.00 12/01/2004
Totals 1,262,971,732.09 1,261,878,106.12
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>
12/10/2004 0 $0.00 0 $0.00 0 $0.00
11/10/2004 0 $0.00 0 $0.00 0 $0.00
10/28/2004 0 $0.00 0 $0.00 0 $0.00
09/28/2004 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>
12/10/2004 0 $0.00 0 $0.00 0 $0.00
11/10/2004 0 $0.00 0 $0.00 0 $0.00
10/28/2004 0 $0.00 0 $0.00 0 $0.00
09/28/2004 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>
12/10/2004 0 $0.00 0 $0.00 5.496456% 5.401188% 105
11/10/2004 0 $0.00 0 $0.00 5.496561% 5.401295% 106
10/28/2004 0 $0.00 0 $0.00 5.496648% 5.401382% 107
09/28/2004 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 11/01/2004 191,105.38 191,105.38 A
3179934 6 0 11/01/2004 55,153.35 55,153.35 A
883184462 8 0 11/01/2004 51,360.00 51,360.00 A
3180353 9 0 11/01/2004 27,500.33 27,500.33 A
3179777 11 0 11/01/2004 23,720.67 23,720.67 A
3131711 12 0 11/01/2004 29,234.33 29,234.33 A
3180494 16 0 11/01/2004 15,437.92 15,437.92 A
3179553 26 0 11/01/2004 37,859.25 37,859.25 A
3172616 27 0 11/01/2004 48,753.33 48,753.33 A
3180254 28 0 11/01/2004 54,361.57 54,361.57 A
3179611 49 0 11/01/2004 58,083.92 58,083.92 A
3172277 51 0 11/01/2004 51,157.49 51,157.49 A
3172095 60 0 11/01/2004 31,684.66 31,684.66 A
3172012 73 0 11/01/2004 115,756.01 115,756.01 A
3167350 74 0 11/01/2004 98,940.10 98,940.10 A
3167525 76 0 11/01/2004 50,616.00 50,616.00 A
3167475 78 0 11/01/2004 30,434.00 30,434.00 A
3167574 79 0 11/01/2004 32,013.71 32,013.71 A
3167277 80 0 11/01/2004 21,169.00 21,169.00 A
3170115 81 0 11/01/2004 17,756.68 17,756.68 A
3167459 82 0 11/01/2004 14,290.34 14,290.34 A
3179850 86 0 11/01/2004 107,997.62 107,997.62 A
Totals 22 1,164,385.66 1,164,385.66
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 35,707,606.41 0.00
3179934 10,413,076.45 0.00
883184462 8,767,237.00 0.00
3180353 7,820,000.00 0.00
3179777 6,800,000.00 0.00
3131711 6,160,000.00 0.00
3180494 3,500,000.00 0.00
3179553 10,590,000.00 0.00
3172616 10,300,000.00 0.00
3180254 9,954,759.10 0.00
3179611 10,029,571.36 0.00
3172277 8,935,770.75 0.00
3172095 5,363,846.34 0.00
3172012 20,234,038.83 0.00
3167350 17,488,763.34 0.00
3167525 9,600,000.00 0.00
3167475 5,772,214.00 0.00
3167574 5,658,780.00 0.00
3167277 3,741,856.35 0.00
3170115 3,176,861.70 0.00
3167459 2,710,354.00 0.00
3179850 27,208,000.00 0.00
Totals 229,932,735.63 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 (22 loans) 1,164,385.66 1,164,385.66 229,932,735.63 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 this Period