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 15, 2004
(Date of earliest event reported)
Commission File No.: 333-83930-02
Wachovia Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2002-C2
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
52-6509082
52-2383394
52-2383395
(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 15, 2004, a distribution was made to holders of Wachovia
Commercial Mortgage Securities, Inc., Commercial Mortgage Pass-Through
Certificates, Series 2002-C2.
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 2002-C2, relating to the
December 15, 2004 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Wachovia Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2002-C2
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: December 15, 2004
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial
Mortgage Pass-Through Certificates, Series 2002-C2,
relating to the December 15, 2004 distribution.
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
Wachovia Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2002-C2
For Additional Information, please contact
CTSLink Customer Service
(301) 815-6600
Reports Available on the World Wide Web
@ www.ctslink.com/cmbs
Payment Date: December 15, 2004
Record Date: November 30, 2004
DISTRIBUTION DATE STATEMENT
Table of Contents
STATEMENT SECTIONS PAGE(s)
Certificate Distribution Detail 2
Certificate Factor Detail 3
Reconciliation Detail 4
Other Required Information 5
Cash Reconciliation 6
Ratings Detail 7
Current Mortgage Loan and Property Stratification Tables 8 - 10
Mortgage Loan Detail 11 - 14
Principal Prepayment Detail 15
Historical Detail 16
Delinquency Loan Detail 17 - 18
Specially Serviced Loan Detail 19 - 20
Modified Loan Detail 21
Liquidated Loan Detail 22
Depositor
Wachovia Commercial Mortgage Securities, Inc.
301 South College Street
Charlotte, NC 28288-1016
Contact: Tim Steward
Phone Number: (704) 593-7822
Master Servicer
Wachovia Bank, National Association
8739 Research Drive
URP 4, NC1075
Charlotte, NC 28262
Contact: Timothy S. Ryan
Phone Number: (704) 593-7878
Special Servicer
Lend Lease Asset Management, LP
700 N. Pearl Street
Suite 1900
Dallas, TX 75201-7424
Contact: Michael O'Hanlon
Phone Number: (214) 999-7009
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 929766BH5 3.002000% 36,056,000.00 22,152,675.41 542,718.63 55,418.61
A-2 929766BJ1 4.043000% 80,000,000.00 71,049,962.03 349,366.24 239,379.16
A-3 929766CR2 4.440000% 88,219,000.00 88,219,000.00 0.00 326,410.30
A-4 929766CS0 4.980000% 471,716,000.00 471,716,000.00 0.00 1,957,621.40
B 929766BK8 5.126000% 32,815,000.00 32,815,000.00 0.00 140,174.74
C 929766BL6 5.215000% 10,939,000.00 10,939,000.00 0.00 47,539.07
D 929766BM4 5.274000% 28,439,000.00 28,439,000.00 0.00 124,989.41
E 929766BN2 5.373000% 8,751,000.00 8,751,000.00 0.00 39,182.60
F 929766BP7 5.719000% 10,938,000.00 10,938,000.00 0.00 52,128.69
G 929766BQ5 5.768000% 15,314,000.00 15,314,000.00 0.00 73,609.29
H 929766BR3 6.113000% 13,126,000.00 13,126,000.00 0.00 66,866.03
J 929766BS1 4.942000% 16,408,000.00 16,408,000.00 0.00 67,573.61
K 929766BT9 4.942000% 15,313,000.00 15,313,000.00 0.00 63,064.04
L 929766BU6 4.942000% 4,376,000.00 4,376,000.00 0.00 18,021.83
M 929766BV4 4.942000% 8,751,000.00 8,751,000.00 0.00 36,039.54
N 929766BW2 4.942000% 7,656,000.00 7,656,000.00 0.00 31,529.96
O 929766BX0 4.942000% 6,165,000.00 6,165,000.00 0.00 25,389.53
P 929766CP6 4.942000% 20,087,992.76 20,087,992.76 0.00 82,523.30
Z N/A 0.000000% 0.00 0.00 0.00 0.00
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 875,069,992.76 852,216,630.20 892,084.87 3,447,461.11
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 929766BH5 0.00 0.00 598,137.24 21,609,956.78 23.38%
A-2 929766BJ1 0.00 0.00 588,745.40 70,700,595.79 23.38%
A-3 929766CR2 0.00 0.00 326,410.30 88,219,000.00 23.38%
A-4 929766CS0 0.00 0.00 1,957,621.40 471,716,000.00 23.38%
B 929766BK8 0.00 0.00 140,174.74 32,815,000.00 19.53%
C 929766BL6 0.00 0.00 47,539.07 10,939,000.00 18.25%
D 929766BM4 0.00 0.00 124,989.41 28,439,000.00 14.90%
E 929766BN2 0.00 0.00 39,182.60 8,751,000.00 13.88%
F 929766BP7 0.00 0.00 52,128.69 10,938,000.00 12.59%
G 929766BQ5 0.00 0.00 73,609.29 15,314,000.00 10.79%
H 929766BR3 0.00 0.00 66,866.03 13,126,000.00 9.25%
J 929766BS1 0.00 0.00 67,573.61 16,408,000.00 7.32%
K 929766BT9 0.00 0.00 63,064.04 15,313,000.00 5.53%
L 929766BU6 0.00 0.00 18,021.83 4,376,000.00 5.01%
M 929766BV4 0.00 0.00 36,039.54 8,751,000.00 3.98%
N 929766BW2 0.00 0.00 31,529.96 7,656,000.00 3.08%
O 929766BX0 0.00 0.00 25,389.53 6,165,000.00 2.36%
P 929766CP6 0.00 0.00 82,523.30 20,087,992.76 0.00%
Z N/A 0.00 0.00 0.00 0.00 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 4,339,545.98 851,324,545.33
Class CUSIP Pass-Through Original Beginning Interest
Rate Notional Notional Distribution
Amount Amount
<s> <c> <c> <c> <c> <c>
IO-I 929766BY8 0.347876% 875,069,992.76 852,216,630.20 247,054.98
IO-II 929766BZ5 1.587581% 488,120,000.01 396,666,000.00 524,782.81
IO-III 929766CA9 1.367767% 336,495,000.00 336,495,000.00 383,539.05
Class CUSIP Prepayment Total Ending
Penalties Distribution Notional
Amount
<s> <c> <c> <c> <c>
IO-I 929766BY8 0.00 247,054.98 851,324,545.33
IO-II 929766BZ5 0.00 524,782.81 396,666,000.00
IO-III 929766CA9 0.00 383,539.05 336,495,000.00
<FN>
(1) Calculated by taking (A) the sum of the ending certificate balance of all
classes less (B) the sum of (i) the ending certificate balance of the designated
class and (ii) the ending certificate balance of all classes which are not
subordinate to the designated class and dividing the result by (A).
</FN>
Certificate Factor Detail
Class CUSIP Beginning Principal Interest Prepayment Realized Loss/ Ending
Balance Distribution Distribution Penalties Additional Balance
Trust Fund
Expenses
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 929766BH5 614.39636704 15.05210312 1.53701492 0.00000000 0.00000000 599.34426392
A-2 929766BJ1 888.12452537 4.36707800 2.99223950 0.00000000 0.00000000 883.75744738
A-3 929766CR2 1,000.00000000 0.00000000 3.70000000 0.00000000 0.00000000 1,000.00000000
A-4 929766CS0 1,000.00000000 0.00000000 4.15000000 0.00000000 0.00000000 1,000.00000000
B 929766BK8 1,000.00000000 0.00000000 4.27166662 0.00000000 0.00000000 1,000.00000000
C 929766BL6 1,000.00000000 0.00000000 4.34583326 0.00000000 0.00000000 1,000.00000000
D 929766BM4 1,000.00000000 0.00000000 4.39500018 0.00000000 0.00000000 1,000.00000000
E 929766BN2 1,000.00000000 0.00000000 4.47749971 0.00000000 0.00000000 1,000.00000000
F 929766BP7 1,000.00000000 0.00000000 4.76583379 0.00000000 0.00000000 1,000.00000000
G 929766BQ5 1,000.00000000 0.00000000 4.80666645 0.00000000 0.00000000 1,000.00000000
H 929766BR3 1,000.00000000 0.00000000 5.09416654 0.00000000 0.00000000 1,000.00000000
J 929766BS1 1,000.00000000 0.00000000 4.11833313 0.00000000 0.00000000 1,000.00000000
K 929766BT9 1,000.00000000 0.00000000 4.11833344 0.00000000 0.00000000 1,000.00000000
L 929766BU6 1,000.00000000 0.00000000 4.11833410 0.00000000 0.00000000 1,000.00000000
M 929766BV4 1,000.00000000 0.00000000 4.11833390 0.00000000 0.00000000 1,000.00000000
N 929766BW2 1,000.00000000 0.00000000 4.11833333 0.00000000 0.00000000 1,000.00000000
O 929766BX0 1,000.00000000 0.00000000 4.11833414 0.00000000 0.00000000 1,000.00000000
P 929766CP6 1,000.00000000 0.00000000 4.10809089 0.00000000 0.00000000 1,000.00000000
Z N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Class CUSIP Beginning Interest Prepayment Ending
Notional Distribution Penalties Notional
Amount Amount
<s> <c> <c> <c> <c> <c>
IO-I 929766BY8 973.88396043 0.28232596 0.00000000 972.86451641
IO-II 929766BZ5 812.64033433 1.07511024 0.00000000 812.64033433
IO-III 929766CA9 1,000.00000000 1.13980609 0.00000000 1,000.00000000
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 1,833,330.86
Servicing Advances Outstanding 0.00
Reimbursement for Interest on P & I Advances 0.00
paid from general collections
Reimbursement for Interest on Servicing 0.00
Advances paid from general collections
Aggregate amount of Nonrecoverable Advances 0.00
Servicing Fee Summary
<s> <c>
Current Period Accrued Servicing Fees 30,045.80
Less Delinquent Servicing Fees 9,829.83
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 14,848.41
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 35,064.38
Certificate Interest Reconciliation
Class Accrued Net Aggregate Deferred Distributable Distributable
Certificate Prepayment Interest Certificate Certificate
Interest Interest Amount Interest Interest
Shortfall Adjustment
<s> <c> <c> <c> <c> <c>
A-1 55,418.61 0.00 0.00 55,418.61 0.00
A-2 239,379.16 0.00 0.00 239,379.16 0.00
A-3 326,410.30 0.00 0.00 326,410.30 0.00
A-4 1,957,621.40 0.00 0.00 1,957,621.40 0.00
IO-I 247,054.98 0.00 0.00 247,054.98 0.00
IO-II 524,782.81 0.00 0.00 524,782.81 0.00
IO-III 383,539.05 0.00 0.00 383,539.05 0.00
B 140,174.74 0.00 0.00 140,174.74 0.00
C 47,539.07 0.00 0.00 47,539.07 0.00
D 124,989.41 0.00 0.00 124,989.41 0.00
E 39,182.60 0.00 0.00 39,182.60 0.00
F 52,128.69 0.00 0.00 52,128.69 0.00
G 73,609.29 0.00 0.00 73,609.29 0.00
H 66,866.03 0.00 0.00 66,866.03 0.00
J 67,573.61 0.00 0.00 67,573.61 0.00
K 63,064.04 0.00 0.00 63,064.04 0.00
L 18,021.83 0.00 0.00 18,021.83 0.00
M 36,039.54 0.00 0.00 36,039.54 0.00
N 31,529.96 0.00 0.00 31,529.96 0.00
O 25,389.53 0.00 0.00 25,389.53 0.00
P 82,729.05 0.00 0.00 82,729.05 0.00
Total 4,603,043.70 0.00 0.00 4,603,043.70 0.00
Class Additional Interest Remaining Unpaid
Trust Fund Distribution Distributable
Expenses Certificate Interest
<s> <c> <c> <c>
A-1 0.00 55,418.61 0.00
A-2 0.00 239,379.16 0.00
A-3 0.00 326,410.30 0.00
A-4 0.00 1,957,621.40 0.00
IO-I 0.00 247,054.98 0.00
IO-II 0.00 524,782.81 0.00
IO-III 0.00 383,539.05 0.00
B 0.00 140,174.74 0.00
C 0.00 47,539.07 0.00
D 0.00 124,989.41 0.00
E 0.00 39,182.60 0.00
F 0.00 52,128.69 0.00
G 0.00 73,609.29 0.00
H 0.00 66,866.03 0.00
J 0.00 67,573.61 0.00
K 0.00 63,064.04 0.00
L 0.00 18,021.83 0.00
M 0.00 36,039.54 0.00
N 0.00 31,529.96 0.00
O 0.00 25,389.53 0.00
P 205.75 82,523.30 403.54
Total 205.75 4,602,837.95 403.54
Other Required Information
<s> <c>
Available Distribution Amount (1) 5,494,922.82
Aggregate Number of Outstanding Loans 103
Aggregate Stated Principal Balance of Loans Before Distribution 852,216,630.20
Aggregate Stated Principal Balance of Loans After Distribution 851,324,545.33
Aggregate Unpaid Principal Balance of Loans 851,647,932.81
Aggregate Amount of Servicing Fee 35,064.38
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 1,988.51
Aggregate Trust Fund Expenses 205.75
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> <c>
Total Funds Collected
Interest:
Scheduled Interest 4,635,077.99
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 4,635,077.99
Principal:
Scheduled Principal 892,084.87
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 892,084.87
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 5,527,162.86
Total Funds Distributed
Fees:
Master Servicing Fee 30,045.80
Trustee Fee 1,988.51
Certificate Administration Fee 0.00
Insurer Fee 0.00
Miscellaneous Fee 0.00
Total Fees 32,034.30
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 205.75
Total Additional Trust Fund Expenses 205.75
Interest Reserve Deposit 0.00
Payments to Certificateholders & Others:
Interest Distribution 4,602,837.95
Principal Distribution 892,084.87
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 5,494,922.82
Total Funds Distributed 5,527,162.87
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 929766BH5 X Aaa AAA X Aaa AAA
A-2 929766BJ1 X Aaa AAA X Aaa AAA
A-3 929766CR2 X Aaa AAA X Aaa AAA
A-4 929766CS0 X Aaa AAA X Aaa AAA
IO-I 929766BY8 X Aaa AAA X Aaa AAA
IO-II 929766BZ5 X Aaa AAA X Aaa AAA
IO-III 929766CA9 X Aaa AAA X Aaa AAA
B 929766BK8 X Aa2 AA X Aa2 AA
C 929766BL6 X Aa3 AA- X Aa3 AA-
D 929766BM4 X A2 A X A2 A
E 929766BN2 X A3 A- X A3 A-
F 929766BP7 X Baa1 BBB+ X Baa1 BBB+
G 929766BQ5 X Baa2 BBB X Baa2 BBB
H 929766BR3 X Baa3 BBB- X Baa3 BBB-
J 929766BS1 X Ba1 BB+ X Ba1 BB+
K 929766BT9 X Ba2 BB X Ba2 BB
L 929766BU6 X Ba3 BB- X Ba3 BB-
M 929766BV4 X B1 B+ X B1 B+
N 929766BW2 X B2 B X B2 B
O 929766BX0 X B3 B- X B3 B-
P 929766CP6 X NR NR X NR NR
<FN>
NR - Designates that the class was not rated by the above agency at the time of
original issuance.
X - Designates that the above rating agency did not rate any classes in this transaction at the time of
original issuance.
N/A - Data not available this period.
1) For any class not rated at the time of original issuance by any particular
rating agency, no request has been made subsequent to issuance to obtain rating
information, if any, from such rating agency. The current ratings were obtained
directly from the applicable rating agency within 30 days of the payment date
listed above. The ratings may have changed since they were obtained. Because the
ratings may have changed, you may want to obtain current ratings directly from the
rating agencies.
Fitch, Inc.
One State Street Plaza
New York, New York 10004
(212) 908-0500
Moody's Investors Service
99 Church Street
New York, New York 10007
(212) 553-0300
Standard & Poor's Rating Services
55 Water Street
New York, New York 10041
(212) 438-2430
</FN>
Current Mortgage Loan and Property Stratification Tables
Scheduled Balance
Scheduled # of Scheduled % of WAM WAC Weighted
Balance Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Below 1,000,000 0 0.00 0.00 0 0.0000 0.000000
1,000,001 to 2,000,000 6 9,576,683.67 1.12 94 6.7051 2.037808
2,000,001 to 3,000,000 16 40,146,197.31 4.72 103 6.8942 1.503148
3,000,001 to 4,000,000 19 67,313,598.87 7.91 89 6.5212 1.396479
4,000,001 to 5,000,000 7 33,031,374.67 3.88 109 7.0873 1.218563
5,000,001 to 6,000,000 8 44,571,501.33 5.24 93 7.0401 1.371228
6,000,001 to 7,000,000 6 38,935,841.77 4.57 94 6.3145 1.701723
7,000,001 to 8,000,000 7 52,495,472.70 6.17 84 6.3156 1.787551
8,000,001 to 9,000,000 2 16,909,769.78 1.99 94 6.4404 1.850797
9,000,001 to 10,000,000 3 28,660,899.55 3.37 93 6.5521 1.582590
10,000,001 to 15,000,000 19 234,914,711.58 27.59 91 6.3764 1.488567
15,000,001 to 20,000,000 1 16,381,064.37 1.92 94 6.1000 1.510000
20,000,001 to 25,000,000 4 91,727,685.48 10.77 79 6.1974 1.515714
25,000,001 to 30,000,000 1 25,778,657.98 3.03 58 5.6800 1.610000
30,000,001 to 35,000,000 1 34,178,023.18 4.01 92 6.7400 1.730000
35,000,001 to 40,000,000 2 71,703,063.09 8.42 89 7.1560 1.454162
40,000,001 and greater 1 45,000,000.00 5.29 93 6.6250 1.900000
Totals 103 851,324,545.33 100.00 90 6.5266 1.545635
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 1 7,897,129.23 0.93 31 6.6000 1.110000
Arizona 2 12,571,246.28 1.48 93 6.0227 1.601994
California 28 300,730,193.99 35.32 91 6.6253 1.600814
Colorado 2 9,721,057.75 1.14 94 6.8864 1.522353
Florida 9 66,016,091.94 7.75 94 6.3253 1.437039
Georgia 4 19,327,116.96 2.27 94 6.7744 1.376565
Illinois 5 25,595,997.78 3.01 94 6.3726 1.571701
Maryland 4 93,372,727.82 10.97 90 6.8667 1.516761
Massachusetts 3 12,708,673.10 1.49 93 6.4300 1.919486
Michigan 2 14,755,872.90 1.73 94 6.8669 0.840406
Minnesota 1 5,472,398.08 0.64 92 6.8750 1.530000
Mississippi 1 2,126,141.73 0.25 92 7.2000 1.860000
Missouri 1 2,716,178.20 0.32 94 7.4000 1.130000
Nevada 1 14,820,009.82 1.74 94 5.8500 1.240000
New Hampshire 1 5,966,362.80 0.70 90 7.3700 1.450000
New Mexico 2 5,926,377.63 0.70 145 6.6977 1.488795
North Carolina 2 5,639,088.73 0.66 93 6.5425 1.323209
Ohio 3 8,238,543.95 0.97 158 7.7206 2.270473
Oklahoma 4 13,792,181.39 1.62 94 6.5587 1.501659
Oregon 1 3,640,035.39 0.43 78 7.7500 1.820000
Pennsylvania 2 7,494,827.24 0.88 93 6.4886 1.278873
Rhode Island 1 45,000,000.00 5.29 93 6.6250 1.900000
South Carolina 1 1,482,814.94 0.17 94 6.1900 1.320000
Tennessee 1 1,759,234.46 0.21 93 6.7500 1.490000
Texas 13 56,152,167.47 6.60 87 6.2576 1.405124
Utah 1 3,419,923.99 0.40 94 6.5000 1.390000
Virginia 6 50,945,650.05 5.98 66 6.0627 1.593039
Washington 4 47,945,681.73 5.63 80 5.9202 1.529480
Washington,DC 1 6,090,819.98 0.72 94 6.0000 1.320000
Totals 107 851,324,545.33 100.00 90 6.5266 1.545635
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 14 69,986,898.23 8.22 81 6.6120 0.815889
1.20 to 1.24 5 47,237,813.12 5.55 94 6.1355 1.218421
1.25 to 1.29 5 63,747,521.86 7.49 89 6.9511 1.271920
1.30 to 1.34 9 58,246,974.56 6.84 99 6.5210 1.322454
1.35 to 1.39 6 48,398,874.11 5.69 94 6.3734 1.375034
1.40 to 1.44 7 57,125,472.43 6.71 93 6.4582 1.422675
1.45 to 1.49 7 54,392,282.43 6.39 66 6.3323 1.478564
1.50 to 1.54 9 60,447,148.33 7.10 93 6.4306 1.514585
1.55 to 1.59 3 10,716,320.30 1.26 93 6.7007 1.564505
1.60 to 1.64 3 65,678,614.53 7.71 78 6.5544 1.620680
1.65 to 1.69 6 44,147,849.09 5.19 93 6.7050 1.664336
1.70 to 1.74 6 77,358,362.36 9.09 88 6.4730 1.724128
1.75 to 1.79 2 30,270,363.52 3.56 95 6.5425 1.785513
1.80 to 1.89 9 46,246,196.37 5.43 92 6.6449 1.850909
1.90 to 1.99 3 62,599,433.84 7.35 93 6.5354 1.910793
2.0 to 2.2 3 19,021,330.37 2.23 121 6.5671 2.111448
2.2 or greater 6 35,703,089.88 4.19 94 6.4922 2.626899
Totals 103 851,324,545.33 100.00 90 6.5266 1.545635
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 14,317,791.30 1.68 131 6.8545 1.927665
Lodging 10 47,775,635.25 5.61 94 7.4000 1.621898
Mixed Use 2 6,572,269.22 0.77 94 6.4761 1.616461
Mobile Home Park 1 5,071,246.28 0.60 92 6.5000 1.250000
Multi-Family 30 198,493,653.83 23.32 81 6.3650 1.354778
Office 21 193,513,668.21 22.73 86 6.2484 1.655965
Retail 40 385,580,281.24 45.29 94 6.6302 1.567561
Totals 107 851,324,545.33 100.00 90 6.5266 1.545635
Note Rate
Note Rate # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
5.999% or less 11 127,795,391.48 15.01 71 5.8209 1.734648
6.000% to 6.249% 15 129,546,048.44 15.22 93 6.0699 1.383416
6.250% to 6.499% 20 141,580,286.58 16.63 92 6.3646 1.428707
6.500% to 6.749% 19 206,503,064.27 24.26 92 6.6136 1.633331
6.750% to 6.999% 10 59,270,026.21 6.96 92 6.8046 1.501185
7.700% to 7.249% 11 104,954,515.39 12.33 90 7.1338 1.465861
7.250% to 7.499% 14 70,598,109.60 8.29 97 7.3748 1.596638
7.500% or greater 3 11,077,103.36 1.30 135 7.8132 1.790420
Totals 103 851,324,545.33 100.00 90 6.5266 1.545635
Seasoning
Seasoning # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
12 months or less 0 0.00 0.00 0 0.0000 0.000000
13 to 24 months 0 0.00 0.00 0 0.0000 0.000000
25 to 36 months 101 842,792,685.63 99.00 89 6.5131 1.541465
37 to 48 months 2 8,531,859.70 1.00 149 7.8589 1.957606
49 months and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 103 851,324,545.33 100.00 90 6.5266 1.545635
Anticipated Remaining Term (ARD and Balloon Loans)
Anticipated # of Scheduled % of WAM WAC Weighted
Remaining Term (2) Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
60 months or less 5 63,771,040.15 7.49 43 5.9031 1.395932
61 to 84 months 1 3,640,035.39 0.43 78 7.7500 1.820000
85 to 108 months 93 761,221,691.31 89.42 93 6.5707 1.551175
109 to 120 months 0 0.00 0.00 0 0.0000 0.000000
121 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 99 828,632,766.85 97.33 89 6.5245 1.540409
Remaining Stated Term (Fully Amortizing Loans)
Remaining Stated # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
120 months or less 1 12,752,636.95 1.50 44 5.9700 1.710000
120 to 192 months 0 0.00 0.00 0 0.0000 0.000000
193 to 264 months 3 9,939,141.53 1.17 205 7.4166 1.770486
265 to 336 months 0 0.00 0.00 0 0.0000 0.000000
337 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 4 22,691,778.48 2.67 114 6.6036 1.736493
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 8 109,281,757.58 12.84 80 6.3087 1.744944
120 months or less 0 0.00 0.00 0 0.0000 0.000000
120 to 192 months 0 0.00 0.00 0 0.0000 0.000000
193 to 264 months 2 5,330,779.04 0.63 93 6.5541 1.203791
265 to 336 months 89 714,020,230.23 83.87 90 6.5573 1.511617
337 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 99 828,632,766.85 97.33 89 6.5245 1.540409
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 2 5,911,461.30 0.69 93 6.6357 1.378928
1 year or less 100 842,173,810.74 98.93 90 6.5250 1.545635
1 to 2 years 1 3,239,273.29 0.38 92 6.7500 1.850000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 103 851,324,545.33 100.00 90 6.5266 1.545635
<FN>
(1) The Trustee makes no representations as to the accuracy of the data
provided by the borrower for this calculation. "NAP" means not applicable and
relates to the ommission of credit lease loans in the calculation of DSCR.
(2) Anticipated Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro-rata the current loan
information to the properties based upon the Cut-off Date Balance of the related
mortgage loan as disclosed in the offering document.
</FN>
Mortgage Loan Detail
Loan Property Interest Principal Gross
Number ODCR Type (1) City State Payment Payment Coupon
<s> <c> <c> <c> <c> <c> <c> <c>
502737614 1 RT Smithfield RI 248,437.50 0.00 6.625%
567000002 2 RT Valencia CA 220,288.63 34,256.95 7.200%
567000003 3 MF Randallstown MD 207,712.78 34,461.52 7.110%
567000004 4 RT Gaithersburg MD 192,160.99 34,615.74 6.740%
567000005 5 OF Tacoma WA 122,167.15 31,303.27 5.680%
502697602 6 RT Northridge CA 128,779.58 24,102.45 6.575%
567000007 7 MF Ashburn VA 115,898.72 24,922.01 5.800%
567000008 8 RT Laguna Niguel CA 119,345.96 24,068.91 6.370%
502747318 9 RT Encinitas CA 110,212.28 24,807.95 6.050%
567000010 10 RT Puyallup WA 83,364.16 18,442.97 6.100%
502745110 11 MF Las Vegas NV 72,332.65 17,456.36 5.850%
502751714 12 RT Paso Robles CA 76,700.91 16,394.37 6.200%
502743125 13 MF Temple Terrace FL 76,067.26 15,982.46 6.250%
567000014 14 MF Houston TX 70,734.51 16,200.32 6.000%
567000015 15 OF Culver City CA 67,342.07 22,699.05 6.000%
502730612 16 RT Calabasas CA 70,806.57 14,769.07 6.290%
502738711 17 OF Santa Monica CA 73,222.19 14,129.61 6.500%
567000018 18 OF Bakersfield CA 63,508.98 12,986.78 5.970%
502741911 19 MF Houston TX 68,713.26 12,732.23 6.640%
567000020 20 OF Sparks MD 68,922.14 11,882.06 6.640%
502746413 21 OF Pembroke Pines FL 59,970.20 13,975.92 5.950%
502741906 22 OF Rockville MD 66,037.64 11,794.13 6.750%
502742425 23 LO Long Beach CA 69,487.36 15,482.51 7.400%
502746414 24 OF Palm Beach Gardens FL 55,133.89 12,848.84 5.950%
567000025 25 RT Rancho Santa Margarit CA 62,058.06 10,957.56 6.800%
667000026 26 OF Studio City CA 58,495.08 11,512.06 6.500%
502740918 27 RT Bloomfield Hills MI 58,177.89 10,672.84 6.650%
502742435 28 OF Maitland FL 53,994.54 10,702.57 6.440%
567000029 29 RT Rancho Santa Margarit CA 57,939.98 9,895.83 6.900%
502746821 30 RT Harrisonburg VA 49,537.59 10,997.31 6.090%
667000031 31 RT Newark CA 58,778.82 8,816.87 7.310%
502745001 32 RT Newnan GA 48,337.05 10,156.08 6.250%
667000033 33 OF North Hollywood CA 47,305.99 9,284.51 6.450%
502742918 34 MF Elgin IL 43,545.03 8,660.60 6.430%
567000035 35 MF Huntsville AL 43,479.60 8,251.76 6.600%
502741213 36 RT Lawndale CA 41,369.97 8,599.70 6.300%
502746707 37 OF Irving TX 37,544.54 9,060.79 5.850%
502750138 38 MF Scottsdale AZ 35,625.00 0.00 5.700%
502742432 39 LO Costa Mesa CA 44,927.17 10,010.25 7.400%
502737611 40 OF Charlottesville VA 38,128.34 7,726.10 6.375%
502745707 41 RT Lake Bluff IL 35,489.21 8,128.09 6.000%
502746706 42 OF Irving TX 33,680.63 8,272.21 5.800%
567000043 43 IN Tustin CA 34,116.77 11,499.77 6.000%
502742917 44 MF Westfield MA 36,427.09 7,244.93 6.430%
502741917 45 RT North Lauderdale FL 35,255.81 6,254.47 6.750%
502746419 46 MF Washington DC 30,489.01 6,982.90 6.000%
502731815 47 RT Woodland Hills CA 35,154.17 5,808.50 7.000%
567000048 48 RT Woodland Hills CA 35,987.17 5,501.53 7.220%
567000049 49 RT Nashua NH 36,676.78 5,433.62 7.370%
502745312 50 OF San Jose CA 34,322.36 8,579.14 7.000%
502742415 51 LO Boulder CO 35,941.74 8,008.19 7.400%
567000052 52 RT Bloomington MN 31,383.25 5,404.77 6.875%
502742424 54 LO Lombard Il 32,347.57 7,207.37 7.400%
502742915 55 MF Modesto CA 27,634.35 5,496.15 6.430%
567000056 56 MH Mesa AZ 27,498.33 5,369.21 6.500%
567000057 57 IN Maumee OH 32,442.67 11,349.51 7.940%
667000058 58 OF Oklahoma City OK 27,087.44 5,227.04 6.500%
502742412 59 LO Atlanta GA 30,550.48 6,806.96 7.400%
567000060 60 OF Lakewood CA 30,448.39 4,585.07 7.320%
567000061 61 MF San Bernardino CA 25,724.21 4,530.42 6.860%
502745217 62 MU Boca Raton FL 22,735.91 4,621.12 6.130%
502742428 63 LO Southfield MI 26,357.28 5,872.67 7.400%
502742513 64 MF Chicago IL 19,166.67 0.00 5.750%
567000065 65 OF Denver CO 19,915.76 4,375.73 6.120%
502735512 66 OF Cranberry Township PA 21,406.26 4,060.88 6.570%
502731814 67 RT Chesapeake VA 21,002.40 4,148.93 6.450%
502742916 68 MF Sacramento CA 20,935.11 4,163.75 6.430%
567000069 69 MF Grand Prairie TX 21,383.03 6,001.37 6.650%
265950523 70 RT Eugene OR 23,530.10 3,335.36 7.750%
502737007 71 RT Greenville NC 19,345.18 8,524.93 6.630%
502742908 72 RT Kennett Square PA 19,162.10 3,825.24 6.400%
567000073 73 MF Dallas TX 19,185.21 3,765.38 6.450%
567000074 74 MF Tacoma WA 17,805.58 4,078.02 6.000%
502741915 75 RT Taylorsville UT 18,543.97 3,578.41 6.500%
502742919 76 MF Westfield MA 18,004.20 3,580.82 6.430%
667000077 77 OF Oklahoma City OK 18,014.14 3,476.17 6.500%
502737613 78 RT Oklahoma City OK 18,239.33 3,274.67 6.750%
567000079 79 MF Victorville CA 16,652.17 3,559.31 6.200%
567000080 80 RT Grottoes VA 17,654.35 3,293.66 6.600%
502735505 81 RT Beaumont TX 18,757.20 2,920.71 7.180%
502740927 82 RT Santa Fe NM 17,499.97 3,125.45 6.750%
502737423 83 RT Newport News VA 15,444.96 3,245.14 6.250%
502742413 84 LO Smyrna GA 17,970.87 4,004.10 7.400%
567000085 85 RT Los Lunas NM 15,637.86 7,723.07 6.640%
567000086 86 RT Rancho Santa Margarit CA 16,570.25 2,723.52 7.000%
502742429 87 LO Chesterfield MO 16,772.81 3,737.16 7.400%
502722602 88 IN Pembroke Pines FL 15,380.18 3,789.07 7.050%
567000089 89 MF El Paso TX 13,321.74 2,847.44 6.200%
502742913 90 MF Amherst MA 13,738.67 2,732.46 6.430%
567000091 91 MF Pompano Beach FL 16,261.21 2,204.07 7.660%
667000092 92 RT Santa Maria CA 14,057.89 2,200.55 7.180%
502736106 93 RT Holly Hill FL 13,560.36 2,240.57 7.000%
567000094 94 RT Lynnwood WA 13,497.98 5,227.09 7.250%
667000095 95 OF Oklahoma City OK 12,119.81 2,338.75 6.500%
567000096 96 RT Dalton GA 12,382.06 2,211.40 6.750%
502745918 97 RT Sylva NC 11,458.81 2,302.32 6.400%
567000098 98 MU Ridgeland MS 12,775.19 3,055.77 7.200%
502742417 99 LO Sharonville OH 11,980.58 2,669.40 7.400%
502741016 100 RT Odessa TX 9,842.06 4,593.48 6.410%
667000101 101 MF Lewisburg TN 9,905.65 1,769.12 6.750%
567000102 102 MF Greenville SC 7,657.33 1,642.34 6.190%
502742419 103 LO Dayton OH 8,685.92 1,935.31 7.400%
502741109 104 MF Chicago IL 5,510.42 0.00 5.750%
Totals 4,635,077.99 892,084.87
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>
502737614 N/A 09/01/2012 N 45,000,000.00 45,000,000.00 12/01/2004
567000002 N/A 07/11/2012 N 36,714,771.97 36,680,515.02 11/11/2004
567000003 N/A 02/11/2012 N 35,057,009.59 35,022,548.07 12/11/2004
567000004 N/A 08/08/2012 N 34,212,638.92 34,178,023.18 12/09/2004
567000005 10/11/2009 09/11/2016 N 25,809,961.25 25,778,657.98 12/11/2004
502697602 N/A 11/01/2012 N 23,503,497.48 23,479,395.03 12/01/2004
567000007 N/A 10/11/2007 N 23,979,045.94 23,954,123.93 11/11/2004
567000008 N/A 10/11/2012 N 22,482,756.02 22,458,687.11 11/11/2004
502747318 10/11/2012 10/11/2032 N 21,860,287.36 21,835,479.41 11/11/2004
567000010 10/11/2012 10/11/2032 N 16,399,507.34 16,381,064.37 12/11/2004
502745110 N/A 10/11/2012 N 14,837,466.18 14,820,009.82 11/11/2004
502751714 N/A 10/11/2012 N 14,845,337.78 14,828,943.41 12/11/2004
502743125 N/A 10/11/2012 N 14,604,913.35 14,588,930.89 12/11/2004
567000014 N/A 10/11/2012 N 14,146,902.72 14,130,702.40 12/11/2004
567000015 N/A 10/11/2012 N 13,468,413.17 13,445,714.12 11/11/2004
502730612 N/A 09/11/2012 N 13,508,408.32 13,493,639.25 11/11/2004
502738711 N/A 10/11/2012 N 13,517,943.64 13,503,814.03 11/11/2004
567000018 08/01/2008 05/01/2014 N 12,765,623.73 12,752,636.95 12/01/2004
502741911 N/A 09/01/2012 N 12,418,059.54 12,405,327.31 12/01/2004
567000020 N/A 09/01/2012 N 12,455,808.09 12,443,926.03 12/01/2004
502746413 N/A 10/11/2012 N 12,094,830.19 12,080,854.27 12/11/2004
502741906 N/A 09/01/2012 N 11,740,024.67 11,728,230.54 12/01/2004
502742425 N/A 10/11/2012 N 11,268,221.01 11,252,738.50 11/11/2004
502746414 N/A 10/11/2012 N 11,119,440.49 11,106,591.65 12/11/2004
567000025 N/A 08/11/2012 N 10,951,422.67 10,940,465.11 12/11/2004
667000026 N/A 09/01/2012 N 10,799,092.19 10,787,580.13 12/01/2004
502740918 N/A 10/01/2012 N 10,498,265.62 10,487,592.78 12/01/2004
502742435 N/A 09/01/2012 N 10,061,094.31 10,050,391.74 12/01/2004
567000029 N/A 08/11/2012 N 10,076,518.48 10,066,622.65 12/11/2004
502746821 10/11/2012 10/11/2032 N 9,761,102.07 9,750,104.76 11/11/2004
667000031 N/A 07/01/2012 N 9,649,053.48 9,640,236.61 12/01/2004
502745001 N/A 10/01/2012 N 9,280,714.26 9,270,558.18 12/01/2004
667000033 N/A 10/01/2012 N 8,801,114.84 8,791,830.33 12/01/2004
502742918 N/A 09/01/2012 N 8,126,600.05 8,117,939.45 12/01/2004
567000035 N/A 07/11/2007 N 7,905,380.99 7,897,129.23 12/11/2004
502741213 N/A 09/01/2012 N 7,879,994.86 7,871,395.16 12/01/2004
502746707 N/A 10/11/2012 N 7,701,444.41 7,692,383.62 12/11/2004
502750138 N/A 10/11/2012 N 7,500,000.00 7,500,000.00 12/11/2004
502742432 N/A 10/11/2012 N 7,285,487.57 7,275,477.32 11/11/2004
502737611 N/A 09/01/2012 N 7,177,098.90 7,169,372.80 12/01/2004
502745707 N/A 10/11/2012 N 7,097,842.66 7,089,714.57 11/11/2004
502746706 N/A 10/11/2012 N 6,968,405.47 6,960,133.26 12/11/2004
567000043 N/A 10/11/2012 N 6,823,353.48 6,811,853.71 11/11/2004
502742917 N/A 09/01/2012 N 6,798,213.42 6,790,968.49 12/01/2004
502741917 N/A 10/01/2012 N 6,267,700.38 6,261,445.91 12/01/2004
502746419 N/A 10/11/2012 N 6,097,802.88 6,090,819.98 12/11/2004
502731815 N/A 08/01/2012 N 6,026,428.92 6,020,620.42 12/01/2004
567000048 N/A 09/11/2012 N 5,981,247.06 5,975,745.53 12/11/2004
567000049 06/11/2012 06/11/2032 N 5,971,796.42 5,966,362.80 11/11/2004
502745312 N/A 10/01/2012 N 5,883,832.82 5,875,253.68 12/01/2004
502742415 N/A 10/11/2012 N 5,828,390.24 5,820,382.05 11/11/2004
567000052 N/A 08/01/2012 N 5,477,802.85 5,472,398.08 12/01/2004
502742424 N/A 10/11/2012 N 5,245,551.13 5,238,343.76 11/11/2004
502742915 N/A 09/01/2012 N 5,157,265.30 5,151,769.15 12/01/2004
567000056 N/A 08/11/2012 N 5,076,615.49 5,071,246.28 12/11/2004
567000057 N/A 10/11/2021 N 4,903,173.82 4,891,824.31 12/11/2004
667000058 N/A 10/11/2012 N 5,000,758.75 4,995,531.71 11/11/2004
502742412 N/A 10/11/2012 N 4,954,131.72 4,947,324.76 11/11/2004
567000060 06/11/2012 06/11/2032 N 4,991,539.36 4,986,954.29 12/11/2004
567000061 N/A 05/11/2012 N 4,499,862.41 4,495,331.99 12/11/2004
502745217 N/A 11/11/2012 N 4,450,748.61 4,446,127.49 12/11/2004
502742428 N/A 10/11/2012 N 4,274,152.79 4,268,280.12 11/11/2004
502742513 N/A 11/11/2012 N 4,000,000.00 4,000,000.00 11/11/2004
567000065 N/A 10/11/2012 N 3,905,051.43 3,900,675.70 12/11/2004
502735512 N/A 09/01/2012 N 3,909,819.87 3,905,758.99 12/01/2004
502731814 N/A 09/01/2012 N 3,907,422.81 3,903,273.88 12/01/2004
502742916 N/A 09/01/2012 N 3,907,019.27 3,902,855.52 12/01/2004
567000069 N/A 08/11/2012 N 3,858,592.03 3,852,590.66 11/11/2004
265950523 N/A 06/01/2011 N 3,643,370.75 3,640,035.39 12/01/2004
502737007 N/A 09/01/2012 N 3,501,389.34 3,492,864.41 12/01/2004
502742908 10/01/2012 10/01/2032 N 3,592,893.49 3,589,068.25 12/01/2004
567000073 N/A 10/11/2007 N 3,569,341.07 3,565,575.69 11/11/2004
567000074 N/A 10/11/2012 N 3,561,116.75 3,557,038.73 11/11/2004
502741915 10/11/2012 10/11/2032 N 3,423,502.40 3,419,923.99 11/11/2004
502742919 N/A 09/01/2012 N 3,360,036.56 3,356,455.74 12/01/2004
667000077 N/A 10/11/2012 N 3,325,688.08 3,322,211.91 11/11/2004
502737613 08/01/2012 08/01/2032 N 3,242,547.96 3,239,273.29 12/01/2004
567000079 N/A 10/11/2012 N 3,223,000.84 3,219,441.53 12/11/2004
567000080 N/A 10/11/2012 N 3,209,881.21 3,206,587.55 12/11/2004
502735505 08/01/2012 08/01/2032 N 3,134,907.29 3,131,986.58 12/01/2004
502740927 09/01/2012 09/01/2032 N 3,111,106.51 3,107,981.06 12/01/2004
502737423 10/11/2012 10/11/2032 N 2,965,432.27 2,962,187.13 11/11/2004
502742413 N/A 10/11/2012 N 2,914,195.00 2,910,190.90 11/11/2004
567000085 N/A 10/11/2021 N 2,826,119.64 2,818,396.57 11/11/2004
567000086 N/A 09/11/2012 N 2,840,614.03 2,837,890.51 12/11/2004
502742429 N/A 10/11/2012 N 2,719,915.36 2,716,178.20 11/11/2004
502722602 N/A 10/01/2012 N 2,617,902.35 2,614,113.28 12/01/2004
567000089 N/A 10/11/2007 N 2,578,400.76 2,575,553.32 11/11/2004
502742913 N/A 09/01/2012 N 2,563,981.33 2,561,248.87 12/01/2004
567000091 N/A 05/11/2012 N 2,547,447.73 2,545,243.66 11/11/2004
667000092 07/01/2012 07/01/2032 N 2,349,508.07 2,347,307.52 12/01/2004
502736106 08/01/2012 08/01/2032 N 2,324,633.62 2,322,393.05 12/01/2004
567000094 N/A 10/11/2022 N 2,234,147.74 2,228,920.65 12/11/2004
667000095 N/A 10/11/2012 N 2,237,503.23 2,235,164.48 11/11/2004
567000096 N/A 09/01/2012 N 2,201,254.52 2,199,043.12 12/01/2004
502745918 N/A 09/11/2012 N 2,148,526.64 2,146,224.32 12/11/2004
567000098 N/A 08/01/2012 N 2,129,197.50 2,126,141.73 12/01/2004
502742417 N/A 10/11/2012 N 1,942,796.64 1,940,127.24 11/11/2004
502741016 09/01/2012 09/01/2032 N 1,842,508.11 1,837,914.63 12/01/2004
667000101 N/A 09/01/2012 N 1,761,003.58 1,759,234.46 12/01/2004
567000102 N/A 10/11/2012 N 1,484,457.28 1,482,814.94 12/11/2004
502742419 N/A 10/11/2012 N 1,408,527.71 1,406,592.40 11/11/2004
502741109 N/A 11/11/2012 N 1,150,000.00 1,150,000.00 11/11/2004
Totals 852,216,630.20 851,324,545.33
Loan Appraisal Appraisal Res. Mod.
Number Reduction Reduction Strat. Code
Date Amount (2) (3)
<s> <c> <c> <c> <c>
Totals 0.00
<FN>
(1) Property Type Code
MF - Multi-Family
RT - Retail
HC - Health Care
IN - Industrial
WH - Warehouse
MH - Mobile Home Park
OF - Office
MU - Mixed Use
LO - Lodging
SS - Self Storage
OT - Other
IW - Industrial/Warehouse
(2) Resolution Strategy Code
1 - Modification
2 - Foreclosure
3 - Bankruptcy
4 - Extension
5 - Note Sale
6 - DPO
7 - REO
8 - Resolved
9 - Pending Return to Master Servicer
10 - Deed In Lieu Of Foreclosure
11 - Full Payoff
12 - Reps and Warranties
13 - Other or TBD
(3) Modification Code
1 - Maturity Date Extension
2 - Amortization Change
3 - Principal Write-Off
4 - Combination
</FN>
Principal Prepayment Detail
No Principal Prepayments this Period
Historical Detail
Delinquencies
Distribution 30-59 Days 60-89 Days 90 Days or More
Date # Balance # Balance # Balance
<s> <c> <c> <c> <c> <c> <c>
12/15/2004 0 $0.00 0 $0.00 0 $0.00
11/15/2004 0 $0.00 0 $0.00 0 $0.00
10/15/2004 0 $0.00 0 $0.00 0 $0.00
09/15/2004 0 $0.00 0 $0.00 0 $0.00
08/16/2004 0 $0.00 0 $0.00 0 $0.00
07/15/2004 0 $0.00 0 $0.00 0 $0.00
06/15/2004 0 $0.00 0 $0.00 0 $0.00
05/17/2004 0 $0.00 0 $0.00 0 $0.00
04/15/2004 0 $0.00 0 $0.00 0 $0.00
03/15/2004 0 $0.00 0 $0.00 0 $0.00
02/17/2004 0 $0.00 0 $0.00 0 $0.00
01/15/2004 0 $0.00 0 $0.00 0 $0.00
Distribution Foreclosure REO Modifications
Date # Balance # Balance # Balance
<s> <c> <c> <c> <c> <c> <c>
12/15/2004 0 $0.00 0 $0.00 0 $0.00
11/15/2004 0 $0.00 0 $0.00 0 $0.00
10/15/2004 0 $0.00 0 $0.00 0 $0.00
09/15/2004 0 $0.00 0 $0.00 0 $0.00
08/16/2004 0 $0.00 0 $0.00 0 $0.00
07/15/2004 0 $0.00 0 $0.00 0 $0.00
06/15/2004 0 $0.00 0 $0.00 0 $0.00
05/17/2004 0 $0.00 0 $0.00 0 $0.00
04/15/2004 0 $0.00 0 $0.00 0 $0.00
03/15/2004 0 $0.00 0 $0.00 0 $0.00
02/17/2004 0 $0.00 0 $0.00 0 $0.00
01/15/2004 0 $0.00 0 $0.00 0 $0.00
Prepayments Rate and Maturities
Distribution Curtailments Payoff Next Weighted Avg. WAM
Date # Amount # Amount Coupon Remit
<s> <c> <c> <c> <c> <c> <c> <c>
12/15/2004 0 $0.00 0 $0.00 6.526614% 6.481507% 90
11/15/2004 0 $0.00 1 $5,292,892.85 6.526619% 6.481512% 91
10/15/2004 0 $0.00 0 $0.00 6.523366% 6.478273% 91
09/15/2004 0 $0.00 0 $0.00 6.523392% 6.478298% 92
08/16/2004 0 $0.00 0 $0.00 6.523406% 6.478313% 93
07/15/2004 0 $0.00 0 $0.00 6.523427% 6.478335% 94
06/15/2004 0 $0.00 0 $0.00 6.523460% 6.478368% 95
05/17/2004 0 $0.00 0 $0.00 6.523480% 6.478389% 96
04/15/2004 0 $0.00 0 $0.00 6.523512% 6.478421% 97
03/15/2004 0 $0.00 0 $0.00 6.523531% 6.478441% 98
02/17/2004 0 $0.00 0 $0.00 6.523575% 6.478486% 99
01/15/2004 0 $0.00 0 $0.00 6.523594% 6.478505% 100
<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>
567000002 2 0 11/11/2004 253,321.76 253,321.76 A
567000007 7 0 11/11/2004 140,021.43 140,021.43 A
567000008 8 0 11/11/2004 142,665.45 142,665.45 A
502747318 9 0 11/11/2004 134,291.55 134,291.55 A
502745110 11 0 11/11/2004 89,294.43 89,294.43 A
567000015 15 0 11/11/2004 89,592.18 89,592.18 A
502730612 16 0 11/11/2004 85,125.36 85,125.36 A
502738711 17 0 11/11/2004 86,901.20 86,901.20 A
502742425 23 0 11/11/2004 84,594.27 84,594.27 A
502746821 30 0 11/11/2004 60,209.52 60,209.52 A
502742432 39 0 11/11/2004 54,694.58 54,694.58 A
502745707 41 0 11/11/2004 43,380.70 43,380.70 A
567000043 43 0 11/11/2004 45,389.10 45,389.10 A
567000049 49 0 11/11/2004 41,911.34 41,911.34 A
502742415 51 0 11/11/2004 43,755.65 43,755.65 A
502742424 54 0 11/11/2004 39,380.08 39,380.08 A
667000058 58 0 11/11/2004 31,939.42 31,939.42 A
502742412 59 0 11/11/2004 37,192.30 37,192.30 A
502742428 63 0 11/11/2004 32,087.47 32,087.47 A
502742513 64 0 11/11/2004 19,033.33 19,033.33 A
567000069 69 0 11/11/2004 27,255.78 27,255.78 A
567000073 73 0 11/11/2004 22,831.61 22,831.61 A
567000074 74 0 11/11/2004 21,764.90 21,764.90 A
502741915 75 0 11/11/2004 22,008.26 22,008.26 A
667000077 77 0 11/11/2004 21,185.45 21,185.45 A
502737423 83 0 11/11/2004 18,591.25 18,591.25 A
502742413 84 0 11/11/2004 21,877.83 21,877.83 A
567000085 85 0 11/11/2004 23,266.73 23,266.73 A
502742429 87 0 11/11/2004 20,419.31 20,419.31 A
567000089 89 0 11/11/2004 16,083.24 16,083.24 A
567000091 91 0 11/11/2004 18,380.36 18,380.36 A
667000095 95 0 11/11/2004 14,253.45 14,253.45 A
502742417 99 0 11/11/2004 14,585.22 14,585.22 A
502742419 103 0 11/11/2004 10,574.27 10,574.27 A
502741109 104 0 11/11/2004 5,472.08 5,472.08 A
Totals 35 1,833,330.86 1,833,330.86
Resolution Servicing Actual Outstanding
Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO
Number Code (2) Date Date Balance Advances Date Date
<s> <c> <c> <c> <c> <c> <c> <c>
567000002 36,714,771.97 0.00
567000007 23,979,045.94 0.00
567000008 22,482,756.02 0.00
502747318 21,860,287.36 0.00
502745110 14,837,466.18 0.00
567000015 13,468,413.17 0.00
502730612 13,508,408.32 0.00
502738711 13,517,943.64 0.00
502742425 11,268,221.01 0.00
502746821 9,761,102.07 0.00
502742432 7,285,487.57 0.00
502745707 7,097,842.66 0.00
567000043 6,823,353.48 0.00
567000049 5,971,796.42 0.00
502742415 5,828,390.24 0.00
502742424 5,245,551.13 0.00
667000058 5,000,758.75 0.00
502742412 4,954,131.72 0.00
502742428 4,274,152.79 0.00
502742513 4,000,000.00 0.00
567000069 3,858,592.03 0.00
567000073 3,569,341.07 0.00
567000074 3,561,116.75 0.00
502741915 3,423,502.40 0.00
667000077 3,325,688.08 0.00
502737423 2,965,432.27 0.00
502742413 2,914,195.00 0.00
567000085 2,826,119.64 0.00
502742429 2,719,915.36 0.00
567000089 2,578,400.76 0.00
567000091 2,547,447.73 0.00
667000095 2,237,503.23 0.00
502742417 1,942,796.64 0.00
502742419 1,408,527.71 0.00
502741109 1,150,000.00 0.00
Totals 278,908,459.11 0.00
Current Outstanding Actual Outstanding
P & I P & I Principal Servicing
Advances Advances** Balance Advances
<s> <c> <c> <c> <c>
Totals By Delinquency Code:
Total for Status Code = A (35 loans) 1,833,330.86 1,833,330.86 278,908,459.11 0.00
<FN>
(1) Status of Mortgage Loan
A - Payment Not Received But Still In Grace Period
B - Late Payment But Less Than 1 Month Delinquent
0 - Current
1 - One Month Delinquent
2 - Two Months Delinquent
3 - Three or More Months Delinquent
4 - Assumed Scheduled Payment (Performing Matured Balloon)
7 - Foreclosure
9 - REO
(2) Resolution Strategy Code
1 - Modification
2 - Foreclosure
3 - Bankruptcy
4 - Extension
5 - Note Sale
6 - DPO
7 - REO
8 - Resolved
9 - Pending Return to Master Servicer
10 - Deed In Lieu Of Foreclosure
11 - Full Payoff
12 - Reps and Warranties
13 - Other or TBD
** Outstanding P & I Advances include the current period advance.
</FN>
Specially Serviced Loan Detail - Part 1
No Specially Serviced Loans this Period
Specially Serviced Loan Detail - Part 2
No Specially Serviced Loans this Period
Modified Loan Detail
No Modified Loans
Liquidated Loan Detail
No Liquidated Loans