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 17, 2004
(Date of earliest event reported)
Commission File No.: 333-108944-03
Wachovia Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2004-C10
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
54-2144729
54-2144730
54-6601016
(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 17, 2004, a distribution was made to holders of Wachovia Commercial
Mortgage Securities, Inc., Commercial Mortgage Pass-Through Certificates,
Series 2004-C10.
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-C10, relating to the
December 17, 2004 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Wachovia Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2004-C10
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: December 17, 2004
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial
Mortgage Pass-Through Certificates, Series 2004-C10,
relating to the December 17, 2004 distribution.
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
Wachovia Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2004-C10
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 17, 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 - 16
Mortgage Loan Detail 17 - 20
Principal Prepayment Detail 21
Historical Detail 22
Delinquency Loan Detail 23
Specially Serviced Loan Detail 24 - 25
Modified Loan Detail 26
Liquidated Loan Detail 27
Depositor
Wachovia Commercial Mortgage Securities, Inc.
301 South College Street
Charlotte, NC 28288-1016
Contact: Tim Steward
Phone Number: (704) 593-7822
Master Servicer
Wachovia Bank, National Association
8739 Research Drive
URP 4, NC1075
Charlotte, NC 28262
Contact: Timothy S. Ryan
Phone Number: (704) 593-7878
Special Servicer
Lennar Partners, Inc.
1601 Washington Avenue
Suite 800
Miami Beach, FL 33139
Contact: Steve Bruha
Phone Number: (305) 229-6614
This report has been compiled from information provided to
Wells Fargo Bank, N.A. by various third parties, which
may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A. has not independently confirmed
the accuracy of information received from these third parties and assumes
no duty to do so. Wells Fargo Bank, N.A. expressly disclaims
any responsibility for the accuracy or completeness of information
furnished by third parties.
Copyright 2004, Wells Fargo Bank, N.A.
Certificate Distribution Detail
Class CUSIP Pass-Through Original Beginning Principal Interest
Rate Balance Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
A-1 929766NM1 3.065000% 67,117,000.00 63,274,899.00 464,906.36 161,614.64
A-2 929766NN9 3.857000% 104,012,000.00 104,012,000.00 0.00 334,311.90
A-3 929766NP4 4.390000% 71,285,000.00 71,285,000.00 0.00 260,784.29
A-4 929766NQ2 4.748000% 579,236,000.00 579,236,000.00 0.00 2,291,843.77
A-1A 929766NV1 4.324000% 252,357,000.00 251,308,162.62 126,199.98 905,547.08
B 929766NR0 4.812000% 38,703,000.00 38,703,000.00 0.00 155,199.03
C 929766NS8 4.842000% 16,127,000.00 16,127,000.00 0.00 65,072.45
D 929766NT6 4.881000% 32,252,000.00 32,252,000.00 0.00 131,185.01
E 929766NU3 4.931000% 16,126,000.00 16,126,000.00 0.00 66,264.42
F 929766NW9 5.089000% 19,352,000.00 19,352,000.00 0.00 82,068.61
G 929766NX7 5.188000% 14,513,000.00 14,513,000.00 0.00 62,744.54
H 929766NY5 5.488365% 17,739,000.00 17,739,000.00 0.00 81,131.75
J 929766NZ2 5.007000% 12,901,000.00 12,901,000.00 0.00 53,829.42
K 929766PA5 5.007000% 8,063,000.00 8,063,000.00 0.00 33,642.87
L 929766PB3 5.007000% 6,451,000.00 6,451,000.00 0.00 26,916.80
M 929766PC1 5.007000% 4,838,000.00 4,838,000.00 0.00 20,186.56
N 929766PD9 5.007000% 4,838,000.00 4,838,000.00 0.00 20,186.56
O 929766PE7 5.007000% 4,838,000.00 4,838,000.00 0.00 20,186.56
P 929766PF4 5.007000% 19,351,569.00 19,351,569.00 0.00 80,744.42
SL 929766PJ6 5.760000% 24,000,000.00 24,000,000.00 0.00 115,200.00
Z-I N/A 0.000000% 0.00 0.00 0.00 0.00
Z-II N/A 0.000000% 0.00 0.00 0.00 0.00
Z-III 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 1,314,099,569.00 1,309,208,630.62 591,106.34 4,968,660.68
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 929766NM1 0.00 0.00 626,521.00 62,809,992.64 16.82%
A-2 929766NN9 0.00 0.00 334,311.90 104,012,000.00 16.82%
A-3 929766NP4 0.00 0.00 260,784.29 71,285,000.00 16.82%
A-4 929766NQ2 0.00 0.00 2,291,843.77 579,236,000.00 16.82%
A-1A 929766NV1 0.00 0.00 1,031,747.06 251,181,962.64 16.82%
B 929766NR0 0.00 0.00 155,199.03 38,703,000.00 13.81%
C 929766NS8 0.00 0.00 65,072.45 16,127,000.00 12.55%
D 929766NT6 0.00 0.00 131,185.01 32,252,000.00 10.04%
E 929766NU3 0.00 0.00 66,264.42 16,126,000.00 8.79%
F 929766NW9 0.00 0.00 82,068.61 19,352,000.00 7.28%
G 929766NX7 0.00 0.00 62,744.54 14,513,000.00 6.15%
H 929766NY5 0.00 0.00 81,131.75 17,739,000.00 4.77%
J 929766NZ2 0.00 0.00 53,829.42 12,901,000.00 3.77%
K 929766PA5 0.00 0.00 33,642.87 8,063,000.00 3.14%
L 929766PB3 0.00 0.00 26,916.80 6,451,000.00 2.64%
M 929766PC1 0.00 0.00 20,186.56 4,838,000.00 2.26%
N 929766PD9 0.00 0.00 20,186.56 4,838,000.00 1.88%
O 929766PE7 0.00 0.00 20,186.56 4,838,000.00 1.51%
P 929766PF4 0.00 0.00 80,744.42 19,351,569.00 0.00%
SL 929766PJ6 0.00 0.00 115,200.00 24,000,000.00 0.00%
Z-I N/A 0.00 0.00 0.00 0.00 0.00%
Z-II N/A 0.00 0.00 0.00 0.00 0.00%
Z-III 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 5,559,767.02 1,308,617,524.28
Class CUSIP Pass-Through Original Beginning Interest
Rate Notional Notional Distribution
Amount Amount
<s> <c> <c> <c> <c> <c>
X-P 929766PG2 1.021022% 1,246,996,000.00 1,243,783,000.00 1,058,274.51
X-C 929766PH0 0.048574% 1,290,099,569.00 1,285,208,630.62 52,023.34
Class CUSIP Prepayment Total Ending
Penalties Distribution Notional
Amount
<s> <c> <c> <c> <c>
X-P 929766PG2 0.00 1,058,274.51 1,243,783,000.00
X-C 929766PH0 0.00 52,023.34 1,284,617,524.28
<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 929766NM1 942.75517380 6.92680483 2.40795387 0.00000000 0.00000000 935.82836897
A-2 929766NN9 1,000.00000000 0.00000000 3.21416663 0.00000000 0.00000000 1,000.00000000
A-3 929766NP4 1,000.00000000 0.00000000 3.65833331 0.00000000 0.00000000 1,000.00000000
A-4 929766NQ2 1,000.00000000 0.00000000 3.95666666 0.00000000 0.00000000 1,000.00000000
A-1A 929766NV1 995.84383481 0.50008512 3.58835729 0.00000000 0.00000000 995.34374969
B 929766NR0 1,000.00000000 0.00000000 4.01000000 0.00000000 0.00000000 1,000.00000000
C 929766NS8 1,000.00000000 0.00000000 4.03500031 0.00000000 0.00000000 1,000.00000000
D 929766NT6 1,000.00000000 0.00000000 4.06750000 0.00000000 0.00000000 1,000.00000000
E 929766NU3 1,000.00000000 0.00000000 4.10916656 0.00000000 0.00000000 1,000.00000000
F 929766NW9 1,000.00000000 0.00000000 4.24083351 0.00000000 0.00000000 1,000.00000000
G 929766NX7 1,000.00000000 0.00000000 4.32333356 0.00000000 0.00000000 1,000.00000000
H 929766NY5 1,000.00000000 0.00000000 4.57363718 0.00000000 0.00000000 1,000.00000000
J 929766NZ2 1,000.00000000 0.00000000 4.17249981 0.00000000 0.00000000 1,000.00000000
K 929766PA5 1,000.00000000 0.00000000 4.17250031 0.00000000 0.00000000 1,000.00000000
L 929766PB3 1,000.00000000 0.00000000 4.17250039 0.00000000 0.00000000 1,000.00000000
M 929766PC1 1,000.00000000 0.00000000 4.17250103 0.00000000 0.00000000 1,000.00000000
N 929766PD9 1,000.00000000 0.00000000 4.17250103 0.00000000 0.00000000 1,000.00000000
O 929766PE7 1,000.00000000 0.00000000 4.17250103 0.00000000 0.00000000 1,000.00000000
P 929766PF4 1,000.00000000 0.00000000 4.17249991 0.00000000 0.00000000 1,000.00000000
SL 929766PJ6 1,000.00000000 0.00000000 4.80000000 0.00000000 0.00000000 1,000.00000000
Z-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Z-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Z-III 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>
X-P 929766PG2 997.42340793 0.84865911 0.00000000 997.42340793
X-C 929766PH0 996.20886752 0.04032506 0.00000000 995.75068092
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 619,529.54
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 44,909.93
Less Delinquent Servicing Fees 3,895.18
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 3,553.30
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 44,568.05
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-1 161,614.64 0.00 0.00 161,614.64 0.00
A-2 334,311.90 0.00 0.00 334,311.90 0.00
A-3 260,784.29 0.00 0.00 260,784.29 0.00
A-4 2,291,843.77 0.00 0.00 2,291,843.77 0.00
A-1A 905,547.08 0.00 0.00 905,547.08 0.00
X-P 1,058,274.51 0.00 0.00 1,058,274.51 0.00
X-C 52,023.34 0.00 0.00 52,023.34 0.00
B 155,199.03 0.00 0.00 155,199.03 0.00
C 65,072.45 0.00 0.00 65,072.45 0.00
D 131,185.01 0.00 0.00 131,185.01 0.00
E 66,264.42 0.00 0.00 66,264.42 0.00
F 82,068.61 0.00 0.00 82,068.61 0.00
G 62,744.54 0.00 0.00 62,744.54 0.00
H 81,131.75 0.00 0.00 81,131.75 0.00
J 53,829.42 0.00 0.00 53,829.42 0.00
K 33,642.87 0.00 0.00 33,642.87 0.00
L 26,916.80 0.00 0.00 26,916.80 0.00
M 20,186.56 0.00 0.00 20,186.56 0.00
N 20,186.56 0.00 0.00 20,186.56 0.00
O 20,186.56 0.00 0.00 20,186.56 0.00
P 80,744.42 0.00 0.00 80,744.42 0.00
SL 115,200.00 0.00 0.00 115,200.00 0.00
Total 6,078,958.53 0.00 0.00 6,078,958.53 0.00
Class Additional Interest Remaining Unpaid
Trust Fund Distribution Distributable
Expenses Certificate Interest
<s> <c> <c> <c>
A-1 0.00 161,614.64 0.00
A-2 0.00 334,311.90 0.00
A-3 0.00 260,784.29 0.00
A-4 0.00 2,291,843.77 0.00
A-1A 0.00 905,547.08 0.00
X-P 0.00 1,058,274.51 0.00
X-C 0.00 52,023.34 0.00
B 0.00 155,199.03 0.00
C 0.00 65,072.45 0.00
D 0.00 131,185.01 0.00
E 0.00 66,264.42 0.00
F 0.00 82,068.61 0.00
G 0.00 62,744.54 0.00
H 0.00 81,131.75 0.00
J 0.00 53,829.42 0.00
K 0.00 33,642.87 0.00
L 0.00 26,916.80 0.00
M 0.00 20,186.56 0.00
N 0.00 20,186.56 0.00
O 0.00 20,186.56 0.00
P 0.00 80,744.42 56.25
SL 0.00 115,200.00 0.00
Total 0.00 6,078,958.53 56.25
Other Required Information
<s> <c>
Available Distribution Amount (1) 6,670,064.87
Aggregate Number of Outstanding Loans 103
Aggregate Stated Principal Balance of Loans Before Distribution 1,309,208,630.73
Aggregate Stated Principal Balance of Loans After Distribution 1,308,617,524.39
Aggregate Unpaid Principal Balance of Loans 1,308,636,896.55
Aggregate Amount of Servicing Fee 44,568.05
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 2,034.91
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 6,125,903.33
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 6,125,903.33
Principal:
Scheduled Principal 591,106.34
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 591,106.34
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 6,717,009.67
Total Funds Distributed
Fees:
Master Servicing Fee 44,909.93
Trustee Fee 2,034.91
Certificate Administration Fee 0.00
Insurer Fee 0.00
Miscellaneous Fee 0.00
Total Fees 46,944.84
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 6,078,958.53
Principal Distribution 591,106.34
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 6,670,064.87
Total Funds Distributed 6,717,009.71
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 929766NM1 X Aaa AAA X Aaa AAA
A-2 929766NN9 X Aaa AAA X Aaa AAA
A-3 929766NP4 X Aaa AAA X Aaa AAA
A-4 929766NQ2 X Aaa AAA X Aaa AAA
A-1A 929766NV1 X Aaa AAA X Aaa AAA
X-P 929766PG2 X Aaa AAA X Aaa AAA
X-C 929766PH0 X Aaa AAA X Aaa AAA
B 929766NR0 X Aa2 AA X Aa2 AA
C 929766NS8 X Aa3 AA- X Aa3 AA-
D 929766NT6 X A2 A X A2 A
E 929766NU3 X A3 A- X A3 A-
F 929766NW9 X Baa1 BBB+ X Baa1 BBB+
G 929766NX7 X Baa2 BBB X Baa2 BBB
H 929766NY5 X Baa3 BBB- X Baa3 BBB-
J 929766NZ2 X Ba1 BB+ X Ba1 BB+
K 929766PA5 X Ba2 BB X Ba2 BB
L 929766PB3 X Ba3 BB- X Ba3 BB-
M 929766PC1 X B1 B+ X B1 B+
N 929766PD9 X B2 B X B2 B
O 929766PE7 X B3 B- X B3 B-
P 929766PF4 X NR NR X NR NR
SL 929766PJ6 X Baa2 BBB- X Baa2 BBB-
<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>
2,000,000 or less 15 17,702,692.08 1.35 73 5.2414 2.533310
2,000,001 to 3,000,000 13 32,992,302.58 2.52 85 5.6662 1.819582
3,000,001 to 4,000,000 14 49,463,936.47 3.78 114 5.7843 1.479916
4,000,001 to 5,000,000 10 45,899,006.02 3.51 96 5.9007 1.399658
5,000,001 to 6,000,000 1 5,592,000.00 0.43 71 5.1000 2.090000
6,000,001 to 7,000,000 5 32,185,818.98 2.46 80 5.4205 1.750110
7,000,001 to 8,000,000 6 44,963,062.60 3.44 94 5.6707 1.444381
8,000,001 to 9,000,000 3 25,535,014.30 1.95 89 5.5532 1.289974
9,000,001 to 10,000,000 5 48,118,249.39 3.68 102 6.0052 1.957677
10,000,001 to 15,000,000 14 172,960,282.25 13.22 81 5.6653 1.428045
15,000,001 to 20,000,000 3 54,042,375.24 4.13 97 5.7700 1.369949
20,000,001 to 25,000,000 4 92,086,772.08 7.04 150 5.5365 1.818531
25,000,001 to 30,000,000 2 54,696,257.99 4.18 78 5.6245 1.284806
30,000,001 to 35,000,000 1 30,046,421.41 2.30 110 5.7600 1.510000
40,000,001 to 45,000,000 1 45,000,000.00 3.44 108 5.7300 1.500000
45,000,001 to 50,000,000 1 49,000,000.00 3.74 110 4.8000 2.890000
75,000,001 to 80,000,000 2 160,000,000.00 12.23 114 5.3400 1.990000
80,000,001 and greater 3 348,333,333.00 26.62 109 5.7202 1.760718
Totals 103 1,308,617,524.39 100.00 104 5.6148 1.717375
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 29,679,024.70 2.27 97 5.7994 1.472626
Arizona 3 34,858,898.18 2.66 84 5.5154 1.376893
Arkansas 2 7,321,944.64 0.56 175 6.1659 1.295226
California 7 110,526,199.06 8.45 89 5.7892 1.566604
Colorado 3 9,947,862.63 0.76 82 5.6284 1.705461
Connecticut 1 3,413,486.77 0.26 109 5.9100 1.410000
Florida 15 265,323,051.57 20.28 100 6.0246 1.427818
Georgia 10 119,718,984.85 9.15 107 5.4273 1.740167
Idaho 1 6,225,000.00 0.48 59 5.3200 1.870000
Illinois 5 98,384,013.52 7.52 110 5.4125 1.990416
Indiana 1 11,712,665.20 0.90 74 5.4100 1.330000
Iowa 1 1,732,546.64 0.13 168 6.5400 1.320000
Kentucky 1 1,680,000.00 0.13 48 4.2900 3.390000
Maryland 2 18,145,717.40 1.39 108 5.8721 1.399009
Michigan 2 5,679,534.37 0.43 84 5.3307 2.061424
Minnesota 2 8,537,287.13 0.65 108 6.3471 1.142163
Mississippi 2 2,945,111.03 0.23 60 5.1944 2.378953
Nevada 4 43,432,482.90 3.32 63 5.4048 1.251850
New Jersey 3 45,484,026.09 3.48 109 5.5194 1.413095
New Mexico 2 2,966,483.75 0.23 114 6.3650 1.339781
New York 6 303,623,333.00 23.20 124 5.3735 2.215762
Ohio 2 4,749,739.42 0.36 64 4.7827 2.372031
Oklahoma 2 2,343,000.00 0.18 48 4.2900 3.260000
Oregon 1 3,661,893.99 0.28 110 5.6200 1.480000
Pennsylvania 1 2,531,242.19 0.19 109 5.6300 1.330000
South Carolina 8 36,917,984.65 2.82 90 5.3505 1.363376
Texas 5 22,003,027.74 1.68 73 5.4244 1.458519
Utah 1 12,938,891.04 0.99 108 5.5900 1.240000
Virginia 2 26,919,476.35 2.06 108 5.8681 1.306643
Washington 2 16,973,074.66 1.30 46 5.2933 1.707455
Washington,DC 1 5,592,000.00 0.43 71 5.1000 2.090000
West Virginia 1 18,207,763.96 1.39 109 5.9700 1.380000
Wyoming 1 441,776.96 0.03 140 8.5000 1.280000
Totals 103 1,308,617,524.39 100.00 104 5.6148 1.717375
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 7 38,319,382.52 2.93 102 5.6364 1.049214
1.20 to 1.24 6 146,526,763.77 11.20 103 6.0511 1.213921
1.25 to 1.29 10 76,816,204.21 5.87 80 5.6980 1.261070
1.30 to 1.34 13 121,323,062.94 9.27 88 5.7607 1.317267
1.35 to 1.39 13 146,069,350.90 11.16 93 5.6206 1.372685
1.40 to 1.44 4 22,829,104.16 1.74 105 5.6892 1.412221
1.45 to 1.49 6 43,995,597.94 3.36 97 5.6768 1.480285
1.50 to 1.54 3 83,547,142.12 6.38 109 5.7174 1.503596
1.55 to 1.59 6 25,357,692.14 1.94 108 5.8839 1.581619
1.60 to 1.64 3 14,709,967.13 1.12 72 5.5377 1.609097
1.70 to 1.74 2 16,004,683.70 1.22 99 6.4531 1.716691
1.75 to 1.79 1 143,333,333.00 10.95 109 5.3043 1.760000
1.85 to 1.89 4 95,660,662.26 7.31 110 5.4507 1.853274
2.05 to 2.09 1 5,592,000.00 0.43 71 5.1000 2.090000
2.15 to 2.19 0 0.00 0.00 0 0.0000 0.000000
2.30 or greater 19 224,304,914.95 17.14 121 5.4777 2.667169
Totals 103 1,308,617,524.39 100.00 104 5.6148 1.717375
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 1 4,674,530.00 0.36 108 6.3200 1.020000
Lodging 2 21,181,154.40 1.62 96 7.2899 2.063799
Mixed Use 3 17,364,469.42 1.33 100 5.8441 1.573537
Mobile Home Park 2 11,781,242.19 0.90 110 5.6536 1.290743
Multi-Family 28 286,497,413.34 21.89 87 5.4939 1.378058
Office 14 565,346,670.20 43.20 113 5.5743 1.851454
Other 1 4,497,010.46 0.34 108 7.0700 1.870000
Retail 52 373,275,034.38 28.52 102 5.6262 1.742100
Totals 103 1,308,617,524.39 100.00 104 5.6148 1.717375
Note Rate
Note Rate # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
5.249 or less 21 109,689,178.54 8.38 84 4.8435 2.478759
5.250 to 5.499 17 465,298,734.01 35.56 100 5.3406 1.732511
5.500 to 5.749 23 261,189,806.33 19.96 90 5.6271 1.449373
5.750 to 5.999 16 257,412,276.53 19.67 127 5.7972 1.935703
6.000 to 6.249 14 65,960,061.86 5.04 107 6.0870 1.368891
6.250 to 6.499 4 117,517,108.27 8.98 112 6.2581 1.209813
6.500 to 6.749 1 1,732,546.64 0.13 168 6.5400 1.320000
7.000 to 7.249 2 13,823,252.39 1.06 109 7.1240 1.755305
7.250 to 7.499 1 11,854,912.47 0.91 85 7.4000 2.350000
8.000 to 8.249 1 265,423.23 0.02 113 8.1000 2.030000
8.250 to 8.499 1 2,999,390.47 0.23 67 8.4500 1.330000
8.500 and greater 2 874,833.65 0.07 140 8.5000 1.280000
Totals 103 1,308,617,524.39 100.00 104 5.6148 1.717375
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 87 1,241,855,375.07 94.90 105 5.6054 1.725949
13 to 24 months 12 62,622,501.97 4.79 80 5.6136 1.570692
25 to 36 months 0 0.00 0.00 0 0.0000 0.000000
37 months or greater 4 4,139,647.35 0.32 85 8.4381 1.364316
Totals 103 1,308,617,524.39 100.00 104 5.6148 1.717375
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 21 124,277,901.60 9.50 49 5.2788 1.661199
61 to 84 months 18 142,011,924.79 10.85 72 5.4385 1.568652
85 to 108 months 21 275,309,257.86 21.04 106 6.0593 1.375867
109 to 120 months 36 732,540,777.90 55.98 110 5.5238 1.843691
121 to 156 months 0 0.00 0.00 0 0.0000 0.000000
169 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 to 192 months 0 0.00 0.00 0 0.0000 0.000000
229 months or greater 1 24,000,000.00 1.83 301 5.7600 3.120000
Totals 98 1,299,872,408.79 99.33 103 5.6102 1.719978
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>
60 months or less 0 0.00 0.00 0 0.0000 0.000000
61 to 84 months 0 0.00 0.00 0 0.0000 0.000000
85 to 108 months 0 0.00 0.00 0 0.0000 0.000000
109 to 120 months 1 265,423.23 0.02 113 8.1000 2.030000
121 to 156 months 2 874,833.65 0.07 140 8.5000 1.280000
169 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 to 192 months 1 3,625,037.58 0.28 181 5.6600 1.270000
229 months or greater 1 3,979,821.14 0.30 229 6.2800 1.350000
Totals 5 8,745,115.60 0.67 197 6.3003 1.330474
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 38 827,328,583.00 63.22 106 5.4961 1.863973
132 months or less 0 0.00 0.00 0 0.0000 0.000000
145 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 to 192 months 0 0.00 0.00 0 0.0000 0.000000
229 to 264 months 1 7,332,947.07 0.56 110 5.7000 1.590000
265 to 300 months 7 28,394,360.96 2.17 95 6.6607 1.712336
301 to 348 months 37 291,342,257.08 22.26 93 5.7548 1.368808
349 months or greater 12 128,238,208.48 9.80 102 5.6185 1.602645
Totals 98 1,299,872,408.79 99.33 103 5.6102 1.719978
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 60 545,809,950.97 41.71 106 5.6352 1.701300
1 year or less 43 762,807,573.42 58.29 102 5.6002 1.728877
1 to 2 years 0 0.00 0.00 0 0.0000 0.000000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 103 1,308,617,524.39 100.00 104 5.6148 1.717375
<FN>
(1) The Trustee makes no representations as to the accuracy of the data
provided by the borrower for this calculation. "NAP" means not applicable and
relates to the ommission of credit lease loans in the calculation of DSCR.
(2) Anticipated Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro-rata the current loan
information to the properties based upon the Cut-off Date Balance of the related
mortgage loan as disclosed in the offering document.
</FN>
Current Mortgage Loan and Property Stratification Tables
Group 1
Scheduled Balance
Scheduled # of Scheduled % of WAM WAC Weighted
Balance Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
2,000,000 or less 13 14,685,456.32 1.12 64 5.1128 2.612882
2,000,001 to 3,000,000 11 27,879,041.06 2.13 83 5.7051 1.989972
3,000,001 to 4,000,000 12 42,361,207.62 3.24 108 5.7645 1.509071
4,000,001 to 5,000,000 7 32,299,006.02 2.47 101 6.0942 1.475430
5,000,001 to 6,000,000 1 5,592,000.00 0.43 71 5.1000 2.090000
6,000,001 to 7,000,000 4 25,535,818.98 1.95 82 5.4675 1.893369
7,000,001 to 8,000,000 6 44,963,062.60 3.44 94 5.6707 1.444381
8,000,001 to 9,000,000 3 25,535,014.30 1.95 89 5.5532 1.289974
9,000,001 to 10,000,000 4 38,868,249.39 2.97 100 6.0873 2.118953
10,000,001 to 15,000,000 6 75,773,663.57 5.79 93 5.9515 1.593092
15,000,001 to 20,000,000 2 34,542,375.24 2.64 109 5.8660 1.432017
20,000,001 to 25,000,000 2 47,323,727.12 3.62 206 5.7896 2.232861
25,000,001 to 30,000,000 2 54,696,257.99 4.18 78 5.6245 1.284806
30,000,001 to 35,000,000 1 30,046,421.41 2.30 110 5.7600 1.510000
45,000,001 to 50,000,000 1 49,000,000.00 3.74 110 4.8000 2.890000
75,000,001 to 80,000,000 2 160,000,000.00 12.23 114 5.3400 1.990000
80,000,001 and greater 3 348,333,333.00 26.62 109 5.7202 1.760718
Totals 80 1,057,434,634.62 80.81 107 5.6430 1.806758
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 2 19,648,166.23 1.50 109 5.9930 1.402493
Arizona 2 11,358,898.18 0.87 109 6.0646 1.349776
Arkansas 1 3,342,123.50 0.26 110 6.0300 1.230000
California 5 56,276,199.06 4.30 71 5.8577 1.666971
Colorado 3 9,947,862.63 0.76 82 5.6284 1.705461
Connecticut 1 3,413,486.77 0.26 109 5.9100 1.410000
Florida 13 233,223,051.57 17.82 105 6.0884 1.446054
Georgia 7 110,511,388.02 8.44 109 5.4163 1.763287
Idaho 1 6,225,000.00 0.48 59 5.3200 1.870000
Illinois 4 95,420,752.00 7.29 110 5.4064 2.023657
Kentucky 1 1,680,000.00 0.13 48 4.2900 3.390000
Maryland 2 18,145,717.40 1.39 108 5.8721 1.399009
Michigan 2 5,679,534.37 0.43 84 5.3307 2.061424
Minnesota 2 8,537,287.13 0.65 108 6.3471 1.142163
Mississippi 2 2,945,111.03 0.23 60 5.1944 2.378953
Nevada 1 8,528,278.93 0.65 49 5.4000 1.310000
New Jersey 2 24,220,981.13 1.85 109 5.7207 1.450928
New Mexico 2 2,966,483.75 0.23 114 6.3650 1.339781
New York 6 303,623,333.00 23.20 124 5.3735 2.215762
Ohio 2 4,749,739.42 0.36 64 4.7827 2.372031
Oklahoma 2 2,343,000.00 0.18 48 4.2900 3.260000
Oregon 1 3,661,893.99 0.28 110 5.6200 1.480000
Pennsylvania 1 2,531,242.19 0.19 109 5.6300 1.330000
South Carolina 4 19,317,984.65 1.48 106 5.4511 1.517425
Texas 4 7,003,027.74 0.54 74 5.4980 1.969410
Virginia 2 26,919,476.35 2.06 108 5.8681 1.306643
Washington 2 16,973,074.66 1.30 46 5.2933 1.707455
Washington,DC 1 5,592,000.00 0.43 71 5.1000 2.090000
West Virginia 1 18,207,763.96 1.39 109 5.9700 1.380000
Wyoming 1 441,776.96 0.03 140 8.5000 1.280000
Totals 80 1,057,434,634.62 80.81 107 5.6430 1.806758
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 13,180,544.66 1.01 109 5.9586 1.045814
1.20 to 1.24 3 111,937,872.73 8.55 108 6.2412 1.210918
1.25 to 1.29 7 44,943,296.50 3.43 78 5.7676 1.258408
1.30 to 1.34 9 83,449,223.47 6.38 100 5.8993 1.318944
1.35 to 1.39 9 84,726,484.80 6.47 95 5.7933 1.372995
1.40 to 1.44 4 22,829,104.16 1.74 105 5.6892 1.412221
1.45 to 1.49 5 39,945,597.94 3.05 100 5.7211 1.479300
1.50 to 1.54 2 38,547,142.12 2.95 110 5.7027 1.507795
1.55 to 1.59 6 25,357,692.14 1.94 108 5.8839 1.581619
1.60 to 1.64 2 4,679,108.66 0.36 69 5.7901 1.607160
1.70 to 1.74 2 16,004,683.70 1.22 99 6.4531 1.716691
1.75 to 1.79 1 143,333,333.00 10.95 109 5.3043 1.760000
1.85 to 1.89 4 95,660,662.26 7.31 110 5.4507 1.853274
2.05 to 2.09 1 5,592,000.00 0.43 71 5.1000 2.090000
2.15 to 2.19 0 0.00 0.00 0 0.0000 0.000000
2.30 and greater 18 223,020,225.83 17.04 121 5.4807 2.663754
Totals 80 1,057,434,634.62 80.81 107 5.6430 1.806758
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 1 4,674,530.00 0.36 108 6.3200 1.020000
Lodging 2 21,181,154.40 1.62 96 7.2899 2.063799
Mixed Use 3 17,364,469.42 1.33 100 5.8441 1.573537
Mobile Home Park 1 2,531,242.19 0.19 109 5.6300 1.330000
Multi-Family 6 44,564,523.57 3.41 89 5.5160 1.566066
Office 14 565,346,670.20 43.20 113 5.5743 1.851454
Other 1 4,497,010.46 0.34 108 7.0700 1.870000
Retail 52 373,275,034.38 28.52 102 5.6262 1.742100
Totals 80 1,057,434,634.62 80.81 107 5.6430 1.806758
Note Rate
Note Rate # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
5.249 or less 16 90,804,489.42 6.94 87 4.7650 2.716665
5.250 to 5.499 8 345,765,053.70 26.42 108 5.3357 1.871820
5.500 to 5.749 17 158,937,653.77 12.15 87 5.6127 1.502922
5.750 to 5.999 15 252,612,276.53 19.30 127 5.7969 1.951203
6.000 to 6.249 14 65,960,061.86 5.04 107 6.0870 1.368891
6.250 to 6.499 3 113,537,287.13 8.68 108 6.2573 1.204899
7.000 to 7.249 2 13,823,252.39 1.06 109 7.1240 1.755305
7.250 to 7.499 1 11,854,912.47 0.91 85 7.4000 2.350000
8.000 to 8.249 1 265,423.23 0.02 113 8.1000 2.030000
8.250 to 8.499 1 2,999,390.47 0.23 67 8.4500 1.330000
8.500 or greater 2 874,833.65 0.07 140 8.5000 1.280000
Totals 80 1,057,434,634.62 80.81 107 5.6430 1.806758
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 64 990,672,485.30 75.70 109 5.6332 1.823529
13 to 24 months 12 62,622,501.97 4.79 80 5.6136 1.570692
25 to 36 months 0 0.00 0.00 0 0.0000 0.000000
37 months or greater 4 4,139,647.35 0.32 85 8.4381 1.364316
Totals 80 1,057,434,634.62 80.81 107 5.6430 1.806758
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 16 82,841,677.14 6.33 49 5.2090 1.804205
61 to 84 months 9 44,668,401.12 3.41 71 5.5733 2.115260
85 to 108 months 17 209,607,105.30 16.02 105 6.1710 1.369908
109 to 120 months 33 691,552,156.60 52.85 110 5.5307 1.877363
121 to 156 months 0 0.00 0.00 0 0.0000 0.000000
169 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 to 192 months 0 0.00 0.00 0 0.0000 0.000000
229 months or greater 1 24,000,000.00 1.83 301 5.7600 3.120000
Totals 76 1,052,669,340.16 80.44 107 5.6399 1.808987
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>
60 months or less 0 0.00 0.00 0 0.0000 0.000000
61 to 84 months 0 0.00 0.00 0 0.0000 0.000000
85 to 108 months 0 0.00 0.00 0 0.0000 0.000000
109 to 120 months 1 265,423.23 0.02 113 8.1000 2.030000
121 to 156 months 2 874,833.65 0.07 140 8.5000 1.280000
181 months or greater 1 3,625,037.58 0.28 181 5.6600 1.270000
Totals 4 4,765,294.46 0.36 170 6.3173 1.314167
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 27 680,078,583.00 51.97 111 5.4906 1.976003
132 months or less 0 0.00 0.00 0 0.0000 0.000000
145 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 to 192 months 0 0.00 0.00 0 0.0000 0.000000
229 to 264 months 1 7,332,947.07 0.56 110 5.7000 1.590000
265 to 300 months 7 28,394,360.96 2.17 95 6.6607 1.712336
301 to 348 months 29 225,649,587.73 17.24 97 5.8337 1.393674
349 months or greater 9 93,977,809.20 7.18 105 5.7278 1.666606
Totals 76 1,052,669,340.16 80.44 107 5.6399 1.808987
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 48 419,069,665.24 32.02 113 5.6953 1.805312
1 year or less 32 638,364,969.38 48.78 104 5.6087 1.807707
1 to 2 years 0 0.00 0.00 0 0.0000 0.000000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 80 1,057,434,634.62 80.81 107 5.6430 1.806758
<FN>
(1) The Trustee makes no representations as to the accuracy of the data
provided by the borrower for this calculation. "NAP" means not applicable and
relates to the ommission of credit lease loans in the calculation of DSCR.
(2) Anticipated Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro-rata the current loan
information to the properties based upon the Cut-off Date Balance of the related
mortgage loan as disclosed in the offering document.
</FN>
Current Mortgage Loan and Property Stratification Tables
Group 2
Scheduled Balance
Scheduled # of Scheduled % of WAM WAC Weighted
Balance Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
2,000,000 or less 2 3,017,235.76 0.23 118 5.8673 2.146020
2,000,001 to 3,000,000 2 5,113,261.52 0.39 93 5.4544 0.890567
3,000,001 to 4,000,000 2 7,102,728.85 0.54 150 5.9019 1.306032
4,000,001 to 5,000,000 3 13,600,000.00 1.04 85 5.4412 1.219706
6,000,001 to 7,000,000 1 6,650,000.00 0.51 72 5.2400 1.200000
9,000,001 to 10,000,000 1 9,250,000.00 0.71 110 5.6600 1.280000
10,000,001 to 15,000,000 8 97,186,618.68 7.43 72 5.4421 1.299363
15,000,001 to 20,000,000 1 19,500,000.00 1.49 74 5.6000 1.260000
20,000,001 to 25,000,000 2 44,763,044.96 3.42 90 5.2690 1.380500
40,000,001 and greater 1 45,000,000.00 3.44 108 5.7300 1.500000
Totals 23 251,182,889.77 19.19 87 5.4961 1.341091
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 10,030,858.47 0.77 73 5.4200 1.610000
Arizona 1 23,500,000.00 1.80 72 5.2500 1.390000
Arkansas 1 3,979,821.14 0.30 229 6.2800 1.350000
California 2 54,250,000.00 4.15 108 5.7181 1.462488
Florida 2 32,100,000.00 2.45 64 5.5607 1.295327
Georgia 3 9,207,596.83 0.70 80 5.5591 1.462675
Illinois 1 2,963,261.52 0.23 108 5.6100 0.920000
Indiana 1 11,712,665.20 0.90 74 5.4100 1.330000
Iowa 1 1,732,546.64 0.13 168 6.5400 1.320000
Nevada 3 34,904,203.97 2.67 67 5.4060 1.237642
New Jersey 1 21,263,044.96 1.62 110 5.2900 1.370000
South Carolina 4 17,600,000.00 1.34 72 5.2400 1.194290
Texas 1 15,000,000.00 1.15 73 5.3900 1.220000
Utah 1 12,938,891.04 0.99 108 5.5900 1.240000
Totals 23 251,182,889.77 19.19 87 5.4961 1.341091
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 8 59,727,728.90 4.56 91 5.4492 1.150974
1.25 to 1.29 3 31,872,907.71 2.44 82 5.5998 1.264825
1.30 to 1.34 4 37,873,839.47 2.89 62 5.4552 1.313574
1.35 to 1.39 4 61,342,866.10 4.69 90 5.3820 1.372256
1.55 to 1.59 0 0.00 0.00 0 0.0000 0.000000
2.30 and greater 1 1,284,689.12 0.10 50 4.9600 3.260000
Totals 23 251,182,889.77 19.19 87 5.4961 1.341091
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 1 9,250,000.00 0.71 110 5.6600 1.280000
Multi-Family 22 241,932,889.77 18.49 86 5.4898 1.343427
Totals 23 251,182,889.77 19.19 87 5.4961 1.341091
Note Rate
Note Rate # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
5.249 or less 5 18,884,689.12 1.44 71 5.2210 1.334816
5.250 to 5.499 9 119,533,680.31 9.13 77 5.3546 1.329545
5.500 to 5.749 6 102,252,152.56 7.81 94 5.6493 1.366137
5.750 to 5.999 1 4,800,000.00 0.37 108 5.8100 1.120000
6.250 to 6.499 1 3,979,821.14 0.30 229 6.2800 1.350000
6.500 or greater 1 1,732,546.64 0.13 168 6.5400 1.320000
Totals 23 251,182,889.77 19.19 87 5.4961 1.341091
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 23 251,182,889.77 19.19 87 5.4961 1.341091
13 to 24 months 0 0.00 0.00 0 0.0000 0.000000
25 to 36 months 0 0.00 0.00 0 0.0000 0.000000
37 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 23 251,182,889.77 19.19 87 5.4961 1.341091
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 41,436,224.46 3.17 49 5.4183 1.375294
61 to 84 months 9 97,343,523.67 7.44 73 5.3766 1.317828
109 to 120 months 3 40,988,621.30 3.13 110 5.4067 1.275573
169 to 180 months 0 0.00 0.00 0 0.0000 0.000000
229 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 22 247,203,068.63 18.89 85 5.4835 1.340948
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>
60 months or less 0 0.00 0.00 0 0.0000 0.000000
61 to 84 months 0 0.00 0.00 0 0.0000 0.000000
85 to 108 months 0 0.00 0.00 0 0.0000 0.000000
109 to 120 months 0 0.00 0.00 0 0.0000 0.000000
121 to 168 months 0 0.00 0.00 0 0.0000 0.000000
169 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 months or greater 1 3,979,821.14 0.30 229 6.2800 1.350000
Totals 1 3,979,821.14 0.30 229 6.2800 1.350000
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 11 147,250,000.00 11.25 85 5.5215 1.346557
264 months or less 0 0.00 0.00 0 0.0000 0.000000
265 to 300 months 0 0.00 0.00 0 0.0000 0.000000
349 months or greater 3 34,260,399.28 2.62 95 5.3187 1.427196
Totals 22 247,203,068.63 18.89 85 5.4835 1.340948
Age of Most Recent NOI
Age of Most # of Scheduled % of WAM WAC Weighted
Recent NOI Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Underwriter's Information 12 126,740,285.73 9.69 84 5.4366 1.357382
1 year or less 11 124,442,604.04 9.51 90 5.5567 1.324499
1 to 2 years 0 0.00 0.00 0 0.0000 0.000000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 23 251,182,889.77 19.19 87 5.4961 1.341091
<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>
509792703 1 OF New York NY 633,569.17 0.00 5.304%
509788507 2 OF West Palm Beach FL 546,875.00 0.00 6.250%
502794214 3.1 OF New York NY 480,000.00 0.00 5.760%
316000012 3.2 OF New York NY 115,200.00 0.00 5.760%
502792727 4 OF Atlanta GA 357,333.33 0.00 5.360%
502797008 5 RT North Riverside IL 354,666.67 0.00 5.320%
502786511 6 OF New York NY 196,000.00 0.00 4.800%
502781022 7 MF Santa Ana CA 214,875.00 0.00 5.730%
502778927 8 RT West Palm Beach FL 144,380.87 32,926.34 5.760%
502775422 9 OF Los Angeles CA 126,958.33 0.00 5.540%
502777904 10 RT Fort Lauderdale FL 129,552.71 30,231.72 5.710%
730000011 11 OF Fairfax VA 113,243.90 25,530.54 5.820%
730000012 12 MF Glendale AZ 102,812.50 0.00 5.250%
502784419 13 MF Galloway NJ 93,846.61 25,410.41 5.290%
502791512 14 MF Kissimmee FL 91,000.00 0.00 5.600%
502750017 15 RT Barboursville WV 90,679.56 19,283.10 5.970%
502785102 16 RT Raritan NJ 78,355.94 17,933.58 5.750%
502786622 17 MF Dallas TX 67,375.00 0.00 5.390%
830000018 18 RT Montgomery AL 74,551.36 15,335.31 6.064%
730000019 19 OF Everett WA 62,968.79 15,875.35 5.540%
730000020 20 MF Juno Beach FL 61,664.69 15,490.09 5.610%
502781705 21 MF Orem UT 60,342.51 14,779.25 5.590%
502775810 22 MF Las Vegas NV 57,700.42 15,073.97 5.400%
502787117 23 MF Oakland Park FL 57,750.00 0.00 5.500%
502779331 24 LO Little Torch Key FL 73,195.97 14,703.89 7.400%
502788502 25 MF Columbus IN 52,866.33 13,692.84 5.410%
502775912 26 MF Las Vegas NV 52,357.79 13,678.23 5.400%
502791201 27 RT Aliso Viejo CA 53,843.60 12,683.98 5.670%
502781517 28 RT Delray Beach FL 49,958.33 0.00 5.450%
502790218 29 MF Las Vegas NV 47,370.17 12,284.50 5.420%
502793305 30 MF Hoover AL 45,359.17 11,762.99 5.420%
502772636 31 RT Culver City CA 46,403.13 11,130.95 5.620%
502794003 32 MF New York NY 45,416.67 0.00 5.450%
730000033 33 RT Cockeysville MD 49,883.28 9,832.45 6.200%
502769505 34 LO Cocoa Beach FL 55,681.98 18,986.07 7.150%
502796809 35 MH Paramount CA 43,629.17 0.00 5.660%
502775804 36 MF Las Vegas NV 38,422.42 10,037.69 5.400%
502790724 37 RT Hampton GA 40,873.84 9,368.07 5.760%
730000038 38 RT Towson MD 39,006.66 9,823.19 5.500%
730000039 39 RT Old Bridge NJ 37,239.78 8,989.67 5.660%
502775520 40 OF Tinley Park IL 37,887.79 8,277.08 5.880%
502786410 41 MF Greenville SC 32,750.00 0.00 5.240%
730000042 42 RT Sumter SC 34,914.75 17,527.66 5.700%
502787202 43 RT Conyers GA 33,563.87 8,452.52 5.500%
830000044 44 RT Peoria AZ 36,364.36 7,517.22 6.050%
730000045 45 MU Westminster CO 30,533.42 7,707.68 5.480%
502786407 46 MF Greenville SC 29,038.33 0.00 5.240%
502781514 47 MU Miami Beach FL 33,022.86 6,802.43 6.060%
730000048 48 OF Boise ID 27,597.50 0.00 5.320%
502787901 49 RT McDonough GA 25,264.17 0.00 4.970%
830000050 50 OF Washington DC 23,766.00 0.00 5.100%
730000051 51 RT Orlando FL 23,114.34 5,592.41 5.610%
502777601 52 RT Pensacola FL 24,174.98 6,650.76 5.880%
502786418 53 RT Millbrook AL 23,678.52 5,361.29 5.780%
730000054 54 MF Atlanta GA 23,240.00 0.00 5.810%
502786405 55 MF Taylors SC 20,741.67 0.00 5.240%
502783920 56 IN Edina MN 24,655.45 6,884.69 6.320%
830000057 57 OT Santa Rosa CA 26,549.72 9,307.57 7.070%
730000058 58 RT Orlando FL 20,975.13 4,478.45 5.990%
730000059 59 MU Tucson AZ 21,101.71 4,322.95 6.090%
830000060 60 MF Fayetteville AR 20,875.86 9,197.32 6.280%
502786506 61 MF Greenville SC 17,685.00 0.00 5.240%
502793711 62 RT McHenry IL 18,543.38 4,470.25 5.620%
502784426 63 RT St. Paul MN 20,557.12 3,786.56 6.380%
730000064 64 RT Chicago IL 18,893.96 5,705.77 6.050%
830000065 65 RT Irmo SC 17,158.57 12,822.30 5.660%
730000066 66 RT Sherwood OR 17,169.16 4,118.45 5.620%
502772410 67 RT Hampton VA 18,536.96 3,660.80 6.180%
730000068 68 RT Lithonia GA 15,822.83 8,352.17 5.550%
502789103 69 RT Bloomfield CT 16,829.43 3,655.86 5.910%
502773210 70 RT Westland MI 17,096.21 5,195.50 6.030%
502793308 71 RT Hot Springs AR 16,811.67 3,482.29 6.030%
502768517 72 RT Seattle WA 11,974.46 0.00 4.290%
730000073 73 MF Atlanta GA 14,121.67 3,662.17 5.420%
730000074 74 RT Arvada CO 14,385.36 3,394.24 5.740%
730000075 75 RT Sacramento CA 21,138.93 2,587.63 8.450%
730000076 76 RT Loveland OH 12,555.79 3,695.85 5.080%
502778604 77 MF Champaign IL 13,869.01 3,372.28 5.610%
730000078 78 MF Savannah GA 14,045.73 0.00 5.960%
502791612 79 MF Rio Rancho NM 12,680.48 2,668.01 6.000%
502794110 80 MH Skippack Township PA 11,889.14 2,855.75 5.630%
730000081 81 RT Clearwater FL 12,435.82 2,721.81 5.920%
502768514 82 RT Jacksonville FL 8,975.93 0.00 4.290%
730000083 83 OF Norcross GA 12,024.17 0.00 6.140%
502789322 84 RT Saginaw MI 8,159.94 0.00 4.290%
502789321 85 RT La Marque TX 8,140.28 0.00 4.290%
502786508 86 MF Greenville SC 9,388.33 0.00 5.240%
830000087 87 RT Mt. Pleasant TX 10,588.36 3,369.45 6.080%
502771102 88 RT Hamilton OH 6,390.31 0.00 4.290%
730000089 89 MF Waukee IA 9,451.40 1,655.87 6.540%
730000090 90 OF Olive Branch MS 8,217.08 1,844.50 5.880%
502771130 91 RT London KY 6,006.00 0.00 4.290%
830000092 92 RT Kilgore TX 8,372.19 2,664.22 6.080%
730000093 93 MF Forest Park GA 5,316.79 1,630.15 4.960%
502771122 94 RT Mechanicville NY 4,611.75 0.00 4.290%
502771202 95 RT Laurel MS 4,540.25 0.00 4.290%
502789414 96 RT Tulsa OK 4,345.41 0.00 4.290%
502789415 97 RT Broken Arrow OK 4,030.81 0.00 4.290%
830000098 98 RT San Antonio TX 5,023.32 1,598.52 6.080%
502789319 99 RT Columbia SC 3,074.50 0.00 4.290%
730000100 100 RT Rock Springs WY 3,142.31 1,842.62 8.500%
730000101 101 RT Silver City NM 3,080.28 1,806.25 8.500%
730000102 102 RT Lamar CO 1,802.16 1,562.86 8.100%
Totals 6,125,903.33 591,106.34
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>
509792703 01/11/2014 01/11/2034 N 143,333,333.00 143,333,333.00 12/11/2004
509788507 N/A 12/11/2013 N 105,000,000.00 105,000,000.00 11/11/2004
502794214 02/11/2014 01/11/2030 N 100,000,000.00 100,000,000.00 12/11/2004
316000012 N/A 01/11/2030 N 24,000,000.00 24,000,000.00 12/11/2004
502792727 N/A 09/11/2014 N 80,000,000.00 80,000,000.00 12/11/2004
502797008 N/A 02/11/2014 N 80,000,000.00 80,000,000.00 12/11/2004
502786511 N/A 02/11/2014 N 49,000,000.00 49,000,000.00 12/11/2004
502781022 12/11/2013 12/11/2033 N 45,000,000.00 45,000,000.00 12/11/2004
502778927 02/11/2014 02/11/2034 N 30,079,347.75 30,046,421.41 12/11/2004
502775422 12/11/2008 12/11/2033 N 27,500,000.00 27,500,000.00 12/11/2004
502777904 01/11/2014 12/11/2033 N 27,226,489.71 27,196,257.99 12/11/2004
730000011 N/A 12/01/2013 N 23,349,257.66 23,323,727.12 12/11/2004
730000012 N/A 12/11/2010 N 23,500,000.00 23,500,000.00 12/11/2004
502784419 02/11/2014 02/11/2034 N 21,288,455.37 21,263,044.96 12/11/2004
502791512 02/11/2011 02/11/2034 N 19,500,000.00 19,500,000.00 12/11/2004
502750017 01/11/2014 12/11/2033 N 18,227,047.06 18,207,763.96 12/11/2004
502785102 N/A 02/11/2014 N 16,352,544.86 16,334,611.28 12/11/2004
502786622 01/11/2011 01/11/2034 N 15,000,000.00 15,000,000.00 12/11/2004
830000018 N/A 01/01/2014 N 14,752,906.81 14,737,571.50 12/11/2004
730000019 10/11/2008 06/11/2033 N 13,639,450.01 13,623,574.66 12/11/2004
730000020 N/A 06/01/2013 N 13,190,307.67 13,174,817.58 12/11/2004
502781705 12/11/2013 10/11/2033 N 12,953,670.29 12,938,891.04 12/11/2004
502775810 01/11/2009 12/11/2033 N 12,822,315.63 12,807,241.66 12/11/2004
502787117 12/11/2008 12/11/2033 N 12,600,000.00 12,600,000.00 12/11/2004
502779331 01/11/2012 12/11/2028 N 11,869,616.36 11,854,912.47 12/11/2004
502788502 02/11/2011 02/11/2034 N 11,726,358.04 11,712,665.20 12/11/2004
502775912 01/11/2009 12/11/2033 N 11,635,064.20 11,621,385.97 12/11/2004
502791201 02/11/2014 02/11/2034 N 11,395,471.34 11,382,787.36 12/11/2004
502781517 N/A 01/11/2014 N 11,000,000.00 11,000,000.00 12/11/2004
502790218 01/11/2014 12/11/2033 N 10,487,860.84 10,475,576.34 12/11/2004
502793305 N/A 01/11/2011 N 10,042,621.46 10,030,858.47 12/11/2004
502772636 02/11/2011 02/11/2034 N 9,908,141.72 9,897,010.77 12/11/2004
502794003 N/A 02/11/2014 N 10,000,000.00 10,000,000.00 12/11/2004
730000033 N/A 12/01/2013 N 9,654,829.14 9,644,996.69 12/11/2004
502769505 01/11/2014 12/11/2023 N 9,345,228.00 9,326,241.93 12/11/2004
502796809 02/11/2014 02/11/2034 N 9,250,000.00 9,250,000.00 12/11/2004
502775804 01/11/2009 12/11/2033 N 8,538,316.62 8,528,278.93 12/11/2004
502790724 01/11/2014 12/11/2033 N 8,515,382.73 8,506,014.66 12/11/2004
730000038 N/A 01/01/2014 N 8,510,543.90 8,500,720.71 12/11/2004
730000039 N/A 10/01/2013 N 7,895,359.52 7,886,369.85 12/11/2004
502775520 N/A 02/11/2014 N 7,732,201.47 7,723,924.39 12/11/2004
502786410 12/11/2010 12/11/2033 N 7,500,000.00 7,500,000.00 12/11/2004
730000042 N/A 02/11/2014 N 7,350,474.73 7,332,947.07 11/11/2004
502787202 05/11/2009 12/11/2033 N 7,323,026.07 7,314,573.55 12/11/2004
830000044 N/A 01/01/2014 N 7,212,764.96 7,205,247.74 12/11/2004
730000045 N/A 02/11/2012 N 6,686,149.45 6,678,441.77 12/11/2004
502786407 12/11/2010 12/11/2033 N 6,650,000.00 6,650,000.00 12/11/2004
502781514 01/11/2014 12/11/2033 N 6,539,179.64 6,532,377.21 12/11/2004
730000048 11/11/2009 11/11/2033 N 6,225,000.00 6,225,000.00 12/11/2004
502787901 N/A 12/11/2010 N 6,100,000.00 6,100,000.00 12/11/2004
830000050 N/A 11/01/2010 N 5,592,000.00 5,592,000.00 12/11/2004
730000051 01/11/2010 12/11/2033 N 4,944,244.21 4,938,651.80 12/11/2004
502777601 N/A 12/11/2013 N 4,933,668.46 4,927,017.70 12/11/2004
502786418 02/11/2014 02/11/2034 N 4,915,956.02 4,910,594.73 12/11/2004
730000054 N/A 12/11/2013 N 4,800,000.00 4,800,000.00 12/11/2004
502786405 12/11/2010 12/11/2033 N 4,750,000.00 4,750,000.00 12/11/2004
502783920 12/11/2013 10/11/2028 N 4,681,414.69 4,674,530.00 12/11/2004
830000057 N/A 12/01/2013 N 4,506,318.03 4,497,010.46 12/11/2004
730000058 N/A 11/11/2013 N 4,202,029.34 4,197,550.89 12/11/2004
730000059 N/A 12/11/2013 N 4,157,973.39 4,153,650.44 12/11/2004
830000060 N/A 01/11/2024 N 3,989,018.46 3,979,821.14 12/11/2004
502786506 12/11/2010 12/11/2033 N 4,050,000.00 4,050,000.00 12/11/2004
502793711 01/11/2014 12/11/2033 N 3,959,441.48 3,954,971.23 12/11/2004
502784426 01/11/2014 11/11/2034 N 3,866,543.69 3,862,757.13 12/11/2004
730000064 N/A 01/11/2014 N 3,747,562.15 3,741,856.38 12/11/2004
830000065 N/A 01/11/2020 N 3,637,859.88 3,625,037.58 12/11/2004
730000066 N/A 02/11/2014 N 3,666,012.44 3,661,893.99 12/11/2004
502772410 01/11/2014 12/11/2033 N 3,599,410.03 3,595,749.23 12/11/2004
730000068 N/A 01/11/2014 N 3,421,151.98 3,412,799.81 12/11/2004
502789103 01/11/2014 12/11/2033 N 3,417,142.63 3,413,486.77 12/11/2004
502773210 N/A 01/11/2014 N 3,402,229.87 3,397,034.37 12/11/2004
502793308 02/11/2014 02/11/2034 N 3,345,605.79 3,342,123.50 12/11/2004
502768517 12/11/2008 12/11/2028 N 3,349,500.00 3,349,500.00 12/11/2004
730000073 N/A 01/11/2009 N 3,126,569.88 3,122,907.71 12/11/2004
730000074 N/A 09/11/2010 N 3,007,391.87 3,003,997.63 12/11/2004
730000075 N/A 07/01/2010 N 3,001,978.10 2,999,390.47 12/11/2004
730000076 01/11/2011 12/11/2033 N 2,965,935.27 2,962,239.42 12/11/2004
502778604 12/11/2013 10/11/2033 N 2,966,633.80 2,963,261.52 12/11/2004
730000078 N/A 01/11/2014 N 2,828,000.00 2,828,000.00 11/11/2004
502791612 01/11/2014 12/11/2033 N 2,536,095.07 2,533,427.06 12/11/2004
502794110 01/11/2014 12/11/2033 N 2,534,097.94 2,531,242.19 12/11/2004
730000081 N/A 11/11/2013 N 2,520,774.40 2,518,052.59 12/11/2004
502768514 12/11/2008 12/11/2028 N 2,510,750.00 2,510,750.00 12/11/2004
730000083 N/A 12/11/2013 N 2,350,000.00 2,350,000.00 12/11/2004
502789322 12/11/2008 12/11/2028 N 2,282,500.00 2,282,500.00 12/11/2004
502789321 12/11/2008 12/11/2028 N 2,277,000.00 2,277,000.00 12/11/2004
502786508 12/11/2010 12/11/2033 N 2,150,000.00 2,150,000.00 12/11/2004
830000087 N/A 03/01/2012 N 2,089,808.78 2,086,439.33 12/11/2004
502771102 12/11/2008 12/11/2028 N 1,787,500.00 1,787,500.00 12/11/2004
730000089 N/A 12/11/2018 N 1,734,202.51 1,732,546.64 12/11/2004
730000090 09/11/2010 04/11/2033 N 1,676,955.53 1,675,111.03 11/11/2004
502771130 12/11/2008 12/11/2028 N 1,680,000.00 1,680,000.00 12/11/2004
830000092 N/A 03/01/2012 N 1,652,406.89 1,649,742.67 12/11/2004
730000093 N/A 02/11/2009 N 1,286,319.27 1,284,689.12 12/11/2004
502771122 12/11/2008 12/11/2028 N 1,290,000.00 1,290,000.00 12/11/2004
502771202 12/11/2008 12/11/2028 N 1,270,000.00 1,270,000.00 12/11/2004
502789414 12/11/2008 12/11/2028 N 1,215,500.00 1,215,500.00 12/11/2004
502789415 12/11/2008 12/11/2028 N 1,127,500.00 1,127,500.00 12/11/2004
830000098 N/A 03/01/2012 N 991,444.26 989,845.74 12/11/2004
502789319 12/11/2008 12/11/2028 N 860,000.00 860,000.00 12/11/2004
730000100 N/A 08/01/2016 N 443,619.58 441,776.96 12/11/2004
730000101 N/A 08/01/2016 N 434,862.94 433,056.69 12/11/2004
730000102 N/A 05/01/2014 N 266,986.09 265,423.23 12/11/2004
Totals 1,309,208,630.73 1,308,617,524.39
Loan Appraisal Appraisal Res. Mod.
Number Reduction Reduction Strat. Code
Date Amount (2) (3)
<s> <c> <c> <c> <c>
Totals 0.00
<FN>
(1) Property Type Code
MF - Multi-Family
RT - Retail
HC - Health Care
IN - Industrial
WH - Warehouse
MH - Mobile Home Park
OF - Office
MU - Mixed Use
LO - Lodging
SS - Self Storage
OT - Other
IW - Industrial/Warehouse
(2) Resolution Strategy Code
1 - Modification
2 - Foreclosure
3 - Bankruptcy
4 - Extension
5 - Note Sale
6 - DPO
7 - REO
8 - Resolved
9 - Pending Return to Master Servicer
10 - Deed In Lieu Of Foreclosure
11 - Full Payoff
12 - Reps and Warranties
13 - Other or TBD
(3) Modification Code
1 - Maturity Date Extension
2 - Amortization Change
3 - Principal Write-Off
4 - Combination
</FN>
Principal Prepayment Detail
No Principal Prepayments this Period
Historical Detail
Delinquencies
Distribution 30-59 Days 60-89 Days 90 Days or More
Date # Balance # Balance # Balance
<s> <c> <c> <c> <c> <c> <c>
12/17/2004 0 $0.00 0 $0.00 0 $0.00
11/18/2004 0 $0.00 0 $0.00 0 $0.00
10/18/2004 0 $0.00 0 $0.00 0 $0.00
09/17/2004 0 $0.00 0 $0.00 0 $0.00
08/17/2004 0 $0.00 0 $0.00 0 $0.00
07/16/2004 0 $0.00 0 $0.00 0 $0.00
06/17/2004 0 $0.00 0 $0.00 0 $0.00
05/17/2004 0 $0.00 0 $0.00 0 $0.00
04/16/2004 0 $0.00 0 $0.00 0 $0.00
03/17/2004 0 $0.00 0 $0.00 0 $0.00
Distribution Foreclosure REO Modifications
Date # Balance # Balance # Balance
<s> <c> <c> <c> <c> <c> <c>
12/17/2004 0 $0.00 0 $0.00 0 $0.00
11/18/2004 0 $0.00 0 $0.00 0 $0.00
10/18/2004 0 $0.00 0 $0.00 0 $0.00
09/17/2004 0 $0.00 0 $0.00 0 $0.00
08/17/2004 0 $0.00 0 $0.00 0 $0.00
07/16/2004 0 $0.00 0 $0.00 0 $0.00
06/17/2004 0 $0.00 0 $0.00 0 $0.00
05/17/2004 0 $0.00 0 $0.00 0 $0.00
04/16/2004 0 $0.00 0 $0.00 0 $0.00
03/17/2004 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>
12/17/2004 0 $0.00 0 $0.00 5.614797% 5.571771% 104
11/18/2004 0 $0.00 0 $0.00 5.614906% 5.571878% 105
10/18/2004 0 $0.00 0 $0.00 5.615001% 5.571970% 106
09/17/2004 0 $0.00 0 $0.00 5.615109% 5.571893% 107
08/17/2004 0 $0.00 0 $0.00 5.618863% 5.575646% 108
07/16/2004 0 $0.00 0 $0.00 5.618954% 5.575735% 109
06/17/2004 0 $0.00 0 $0.00 5.619058% 5.575837% 110
05/17/2004 0 $0.00 0 $0.00 5.619148% 5.575925% 111
04/16/2004 0 $0.00 0 $0.00 5.619251% 5.576026% 112
03/17/2004 0 $0.00 0 $0.00 5.619339% 5.576112% 113
<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>
509788507 2 0 11/11/2004 543,375.00 543,375.00 B
730000042 42 0 11/11/2004 52,197.39 52,197.39 B
730000078 78 0 11/11/2004 13,951.47 13,951.47 B
730000090 90 0 11/11/2004 10,005.68 10,005.68 B
Totals 4 619,529.54 619,529.54
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>
509788507 105,000,000.00 0.00
730000042 7,350,474.73 0.00
730000078 2,828,000.00 0.00
730000090 1,676,955.53 0.00
Totals 116,855,430.26 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 = B (4 loans) 619,529.54 619,529.54 116,855,430.26 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