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: January 18, 2005
(Date of earliest event reported)
Commission File No.: 333-108944-03
Wachovia Bank Commercial Mortgage Trust
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 January 18, 2005, a distribution was made to holders of Wachovia Bank
Commercial Mortgage Trust, 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
January 18, 2005 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 Bank Commercial Mortgage Trust
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: January 18, 2005
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 January 18, 2005 distribution.
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
Wachovia Bank Commercial Mortgage Trust
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: January 18, 2005
Record Date: December 31, 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 2005, 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 62,809,992.64 405,450.43 160,427.19
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% 252,357,000.00 251,181,962.64 111,013.40 905,092.34
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 5.488254% 17,739,000.00 17,739,000.00 0.00 81,130.11
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 80,416.92
SL 929766PJ6 5.952333% 24,000,000.00 24,000,000.00 0.00 119,040.00
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 1,308,617,524.28 516,463.83 4,970,529.35
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 0.00 565,877.62 62,404,542.21 16.83%
A-2 929766NN9 0.00 0.00 334,311.90 104,012,000.00 16.83%
A-3 929766NP4 0.00 0.00 260,784.29 71,285,000.00 16.83%
A-4 929766NQ2 0.00 0.00 2,291,843.77 579,236,000.00 16.83%
A-1A 929766NV1 0.00 0.00 1,016,105.74 251,070,949.24 16.83%
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 12.56%
D 929766NT6 0.00 0.00 131,185.01 32,252,000.00 10.05%
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 81,130.11 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 80,416.92 19,351,569.00 0.00%
SL 929766PJ6 0.00 0.00 119,040.00 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 5,486,993.18 1,308,101,060.45
Class CUSIP Pass-Through Original Beginning Interest
Rate Notional Notional Distribution
Amount Amount
<s> <c> <c> <c> <c> <c>
X-P 929766PG2 1.020913% 1,246,996,000.00 1,243,783,000.00 1,058,162.13
X-C 929766PH0 0.047564% 1,290,099,569.00 1,284,617,524.28 50,918.18
Class CUSIP Prepayment Total Ending
Penalties Distribution Notional
Amount
<s> <c> <c> <c> <c>
X-P 929766PG2 0.00 1,058,162.13 1,243,783,000.00
X-C 929766PH0 0.00 50,918.18 1,284,101,060.45
<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 935.82836897 6.04094983 2.39026163 0.00000000 0.00000000 929.78741913
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 995.34374969 0.43990616 3.58655532 0.00000000 0.00000000 994.90384352
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 4.57354473 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 4.15557622 0.00000000 0.00000000 1,000.00000000
SL 929766PJ6 1,000.00000000 0.00000000 4.96000000 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 0.84856898 0.00000000 997.42340793
X-C 929766PH0 995.75068092 0.03946841 0.00000000 995.35035226
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 204,572.10
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 44,887.40
Less Delinquent Servicing Fees 1,364.73
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 3,895.18
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 47,417.85
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-1 160,427.19 0.00 0.00 160,427.19 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 905,092.34 0.00 0.00 905,092.34 0.00
X-P 1,058,162.13 0.00 0.00 1,058,162.13 0.00
X-C 50,918.18 0.00 0.00 50,918.18 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 81,130.11 0.00 0.00 81,130.11 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 119,040.00 0.00 0.00 119,040.00 0.00
Total 6,079,937.16 0.00 0.00 6,079,937.16 0.00
Class Additional Interest Remaining Unpaid
Trust Fund Distribution Distributable
Expenses Certificate Interest
<s> <c> <c> <c>
A-1 0.00 160,427.19 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 0.00 905,092.34 0.00
X-P 0.00 1,058,162.13 0.00
X-C 0.00 50,918.18 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 81,130.11 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 327.50 80,416.92 383.75
SL 0.00 119,040.00 0.00
Total 327.50 6,079,609.66 383.75
Other Required Information
<s> <c>
Available Distribution Amount (1) 6,596,073.49
Aggregate Number of Outstanding Loans 103
Aggregate Stated Principal Balance of Loans Before Distribution 1,308,617,524.39
Aggregate Stated Principal Balance of Loans After Distribution 1,308,101,060.56
Aggregate Unpaid Principal Balance of Loans 1,308,115,479.46
Aggregate Amount of Servicing Fee 47,417.85
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 2,033.98
Aggregate Trust Fund Expenses 327.50
Interest Reserve Deposit 197,486.92
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 6,324,345.42
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 6,324,345.42
Principal:
Scheduled Principal 516,463.83
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 516,463.83
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 6,840,809.25
Total Funds Distributed
Fees:
Master Servicing Fee 44,887.40
Trustee Fee 2,033.98
Certificate Administration Fee 0.00
Insurer Fee 0.00
Miscellaneous Fee 0.00
Total Fees 46,921.38
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 327.50
Total Additional Trust Fund Expenses 327.50
Interest Reserve Deposit 197,486.92
Payments to Certificateholders & Others:
Interest Distribution 6,079,609.66
Principal Distribution 516,463.83
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 6,596,073.49
Total Funds Distributed 6,840,809.29
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 17,689,215.44 1.35 72 5.2401 2.449846
2,000,001 to 3,000,000 13 32,974,093.28 2.52 84 5.6661 1.831439
3,000,001 to 4,000,000 14 49,399,631.60 3.78 113 5.7842 1.486705
4,000,001 to 5,000,000 10 45,861,655.62 3.51 95 5.9004 1.378590
5,000,001 to 6,000,000 1 5,592,000.00 0.43 70 5.1000 2.090000
6,000,001 to 7,000,000 5 32,173,355.53 2.46 79 5.4204 1.759002
7,000,001 to 8,000,000 6 44,918,046.51 3.43 93 5.6707 1.330651
8,000,001 to 9,000,000 3 25,509,589.12 1.95 88 5.5532 1.316687
9,000,001 to 10,000,000 5 48,083,142.28 3.68 101 6.0048 1.953293
10,000,001 to 15,000,000 14 172,825,562.08 13.21 80 5.6653 1.403115
15,000,001 to 20,000,000 3 54,010,605.15 4.13 96 5.7699 1.369911
20,000,001 to 25,000,000 4 92,042,490.45 7.04 149 5.5365 1.802605
25,000,001 to 30,000,000 2 54,670,196.05 4.18 77 5.6245 1.289397
30,000,001 to 35,000,000 1 30,018,144.45 2.29 109 5.7600 1.510000
40,000,001 to 45,000,000 1 45,000,000.00 3.44 107 5.7300 1.500000
45,000,001 to 50,000,000 1 49,000,000.00 3.75 109 4.8000 2.580000
75,000,001 to 80,000,000 2 160,000,000.00 12.23 113 5.3400 1.860000
80,000,001 and greater 3 348,333,333.00 26.63 108 5.7202 1.760718
Totals 103 1,308,101,060.56 100.00 103 5.6147 1.681069
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 29,651,189.75 2.27 96 5.7994 1.427946
Arizona 3 34,848,911.72 2.66 83 5.5153 1.380473
Arkansas 2 7,310,453.47 0.56 174 6.1658 1.295188
California 7 110,495,228.82 8.45 88 5.7891 1.536950
Colorado 3 9,936,631.43 0.76 81 5.6281 1.732275
Connecticut 1 3,410,373.28 0.26 108 5.9100 1.500000
Florida 15 265,203,010.35 20.27 99 6.0245 1.428822
Georgia 10 119,691,025.92 9.15 106 5.4273 1.711224
Idaho 1 6,225,000.00 0.48 58 5.3200 1.880000
Illinois 5 98,365,051.71 7.52 109 5.4124 1.778697
Indiana 1 11,700,670.78 0.89 73 5.4100 1.330000
Iowa 1 1,731,196.50 0.13 167 6.5400 1.320000
Kentucky 1 1,680,000.00 0.13 47 4.2900 3.390000
Maryland 2 18,128,925.75 1.39 107 5.8721 1.393686
Michigan 2 5,674,881.76 0.43 83 5.3302 2.026157
Minnesota 2 8,528,064.70 0.65 107 6.3472 1.142197
Mississippi 2 2,943,531.10 0.23 59 5.1940 2.379360
Nevada 4 43,387,699.16 3.32 62 5.4048 1.263874
New Jersey 3 45,438,425.48 3.47 108 5.5194 1.383844
New Mexico 2 2,962,405.58 0.23 113 6.3639 1.327089
New York 6 303,623,333.00 23.21 123 5.3735 2.165733
Ohio 2 4,746,445.93 0.36 63 4.7825 2.359960
Oklahoma 2 2,343,000.00 0.18 47 4.2900 3.260000
Oregon 1 3,658,327.91 0.28 109 5.6200 1.480000
Pennsylvania 1 2,528,768.90 0.19 108 5.6300 1.470000
South Carolina 8 36,889,221.95 2.82 89 5.3502 1.289871
Texas 5 21,996,155.06 1.68 72 5.4242 1.458540
Utah 1 12,926,052.07 0.99 107 5.5900 1.160000
Virginia 2 26,894,530.28 2.06 107 5.8681 1.306642
Washington 2 16,959,222.54 1.30 45 5.2931 1.707730
Washington,DC 1 5,592,000.00 0.43 70 5.1000 2.090000
West Virginia 1 18,191,404.38 1.39 108 5.9700 1.380000
Wyoming 1 439,921.28 0.03 139 8.5000 1.310000
Totals 103 1,308,101,060.56 100.00 103 5.6147 1.681069
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 13 107,403,881.45 8.21 75 5.5404 1.129095
1.20 to 1.24 6 143,209,702.65 10.95 104 6.0909 1.211422
1.25 to 1.29 6 42,602,377.81 3.26 98 5.7595 1.263207
1.30 to 1.34 13 93,231,111.85 7.13 103 5.8261 1.313339
1.35 to 1.39 13 159,305,555.10 12.18 85 5.6407 1.378874
1.40 to 1.44 2 15,989,308.15 1.22 102 5.6719 1.415306
1.45 to 1.49 5 34,273,165.90 2.62 104 5.6963 1.487457
1.50 to 1.54 4 86,920,668.95 6.64 108 5.7250 1.503454
1.55 to 1.59 5 19,064,827.45 1.46 106 5.8634 1.574183
1.60 to 1.64 4 17,045,149.78 1.30 76 5.6208 1.611979
1.70 to 1.74 0 0.00 0.00 0 0.0000 0.000000
1.75 to 1.79 3 152,963,994.42 11.69 106 5.3076 1.761259
1.85 to 1.89 5 175,647,334.07 13.43 109 5.3911 1.861245
2.05 to 2.09 2 6,875,229.23 0.53 66 5.0739 2.088134
2.15 to 2.19 0 0.00 0.00 0 0.0000 0.000000
2.30 or greater 17 211,153,354.15 16.14 122 5.3730 2.610315
Totals 103 1,308,101,060.56 100.00 103 5.6147 1.681069
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 4,668,429.69 0.36 107 6.3200 1.020000
Lodging 2 21,151,549.78 1.62 95 7.2900 1.925154
Mixed Use 3 17,348,363.75 1.33 99 5.8441 1.596088
Mobile Home Park 2 11,778,768.90 0.90 109 5.6536 1.344350
Multi-Family 28 286,361,827.78 21.89 86 5.4939 1.363729
Office 14 565,302,298.39 43.22 112 5.5743 1.822061
Other 1 4,488,531.22 0.34 107 7.0700 1.870000
Retail 52 373,001,291.05 28.51 101 5.6261 1.675364
Totals 103 1,308,101,060.56 100.00 103 5.6147 1.681069
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 21 109,684,425.16 8.39 83 4.8435 2.327700
5.250 to 5.499 17 465,199,317.18 35.56 99 5.3406 1.688813
5.500 to 5.749 23 261,021,972.06 19.95 89 5.6271 1.423918
5.750 to 5.999 16 257,293,943.38 19.67 126 5.7971 1.931981
6.000 to 6.249 14 65,898,293.25 5.04 106 6.0871 1.367041
6.250 to 6.499 4 117,499,334.65 8.98 111 6.2581 1.209811
6.500 to 6.749 1 1,731,196.50 0.13 167 6.5400 1.320000
7.000 to 7.249 2 13,797,526.25 1.05 108 7.1240 1.748557
7.250 to 7.499 1 11,842,554.75 0.91 84 7.4000 2.110000
8.000 to 8.249 1 263,849.82 0.02 112 8.1000 2.030000
8.250 to 8.499 1 2,997,488.64 0.23 66 8.4500 1.330000
8.500 and greater 2 871,158.92 0.07 139 8.5000 1.310000
Totals 103 1,308,101,060.56 100.00 103 5.6147 1.681069
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 53 821,014,162.58 62.76 108 5.5676 1.782409
13 to 24 months 46 482,954,400.60 36.92 94 5.6705 1.511450
25 to 36 months 0 0.00 0.00 0 0.0000 0.000000
37 months or greater 4 4,132,497.38 0.32 84 8.4382 1.370477
Totals 103 1,308,101,060.56 100.00 103 5.6147 1.681069
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 22 129,151,789.23 9.87 48 5.2914 1.618035
61 to 84 months 18 148,874,182.60 11.38 73 5.5888 1.600536
85 to 108 months 41 561,488,187.32 42.92 107 5.7927 1.466615
109 to 120 months 15 434,136,701.48 33.19 110 5.4641 1.933674
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 1.83 300 5.7600 3.120000
Totals 98 1,299,382,057.13 99.33 102 5.6101 1.683402
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 1 263,849.82 0.02 112 8.1000 2.030000
121 to 156 months 2 871,158.92 0.07 139 8.5000 1.310000
169 to 180 months 1 3,612,724.74 0.28 180 5.6600 1.270000
181 to 192 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 5 8,719,003.43 0.67 196 6.3000 1.333433
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 63.25 105 5.4961 1.820888
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 0 0.00 0.00 0 0.0000 0.000000
265 to 300 months 7 28,359,271.94 2.17 94 6.6608 1.603704
301 to 348 months 49 419,175,243.58 32.04 95 5.7132 1.423766
349 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 98 1,299,382,057.13 99.33 102 5.6101 1.683402
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 42 290,899,828.87 22.24 112 5.6557 1.715503
1 year or less 61 1,017,201,231.69 77.76 100 5.6030 1.671221
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 1,308,101,060.56 100.00 103 5.6147 1.681069
<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 14,674,789.71 1.12 63 5.1113 2.615475
2,000,001 to 3,000,000 11 27,863,758.03 2.13 82 5.7049 2.004002
3,000,001 to 4,000,000 12 42,308,662.48 3.23 107 5.7645 1.522889
4,000,001 to 5,000,000 7 32,261,655.62 2.47 100 6.0940 1.438207
5,000,001 to 6,000,000 1 5,592,000.00 0.43 70 5.1000 2.090000
6,000,001 to 7,000,000 4 25,523,355.53 1.95 81 5.4674 1.925492
7,000,001 to 8,000,000 6 44,918,046.51 3.43 93 5.6707 1.330651
8,000,001 to 9,000,000 3 25,509,589.12 1.95 88 5.5532 1.316687
9,000,001 to 10,000,000 4 38,833,142.28 2.97 99 6.0869 2.106525
10,000,001 to 15,000,000 6 75,710,062.83 5.79 92 5.9515 1.551980
15,000,001 to 20,000,000 2 34,510,605.15 2.64 108 5.8660 1.432016
20,000,001 to 25,000,000 2 47,301,843.43 3.62 205 5.7896 2.233284
25,000,001 to 30,000,000 2 54,670,196.05 4.18 77 5.6245 1.289397
30,000,001 to 35,000,000 1 30,018,144.45 2.29 109 5.7600 1.510000
45,000,001 to 50,000,000 1 49,000,000.00 3.75 109 4.8000 2.580000
75,000,001 to 80,000,000 2 160,000,000.00 12.23 113 5.3400 1.860000
80,000,001 and greater 3 348,333,333.00 26.63 108 5.7202 1.760718
Totals 80 1,057,029,184.19 80.81 106 5.6429 1.766043
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 19,630,637.19 1.50 108 5.9930 1.335015
Arizona 2 11,348,911.72 0.87 108 6.0646 1.360746
Arkansas 1 3,339,183.52 0.26 109 6.0300 1.230000
California 5 56,245,228.82 4.30 70 5.8575 1.603836
Colorado 3 9,936,631.43 0.76 81 5.6281 1.732275
Connecticut 1 3,410,373.28 0.26 108 5.9100 1.500000
Florida 13 233,103,010.35 17.82 104 6.0884 1.447205
Georgia 7 110,488,097.52 8.45 108 5.4163 1.747907
Idaho 1 6,225,000.00 0.48 58 5.3200 1.880000
Illinois 4 95,404,716.46 7.29 109 5.4063 1.805342
Kentucky 1 1,680,000.00 0.13 47 4.2900 3.390000
Maryland 2 18,128,925.75 1.39 107 5.8721 1.393686
Michigan 2 5,674,881.76 0.43 83 5.3302 2.026157
Minnesota 2 8,528,064.70 0.65 107 6.3472 1.142197
Mississippi 2 2,943,531.10 0.23 59 5.1940 2.379360
Nevada 1 8,519,475.32 0.65 48 5.4000 1.390000
New Jersey 2 24,197,778.46 1.85 108 5.7207 1.457441
New Mexico 2 2,962,405.58 0.23 113 6.3639 1.327089
New York 6 303,623,333.00 23.21 123 5.3735 2.165733
Ohio 2 4,746,445.93 0.36 63 4.7825 2.359960
Oklahoma 2 2,343,000.00 0.18 47 4.2900 3.260000
Oregon 1 3,658,327.91 0.28 109 5.6200 1.480000
Pennsylvania 1 2,528,768.90 0.19 108 5.6300 1.470000
South Carolina 4 19,289,221.95 1.47 105 5.4508 1.392350
Texas 4 6,996,155.06 0.53 73 5.4974 1.969978
Virginia 2 26,894,530.28 2.06 107 5.8681 1.306642
Washington 2 16,959,222.54 1.30 45 5.2931 1.707730
Washington,DC 1 5,592,000.00 0.43 70 5.1000 2.090000
West Virginia 1 18,191,404.38 1.39 108 5.9700 1.380000
Wyoming 1 439,921.28 0.03 139 8.5000 1.310000
Totals 80 1,057,029,184.19 80.81 106 5.6429 1.766043
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 4 47,973,592.06 3.67 64 5.6488 1.130628
1.20 to 1.24 5 128,209,702.65 9.80 107 6.1729 1.210418
1.25 to 1.29 5 23,102,377.81 1.77 119 5.8942 1.265914
1.30 to 1.34 9 49,308,597.55 3.77 104 6.1619 1.315524
1.35 to 1.39 9 106,440,264.21 8.14 92 5.7488 1.383181
1.40 to 1.44 2 15,989,308.15 1.22 102 5.6719 1.415306
1.45 to 1.49 4 30,223,165.90 2.31 109 5.7574 1.487116
1.50 to 1.54 3 41,920,668.95 3.20 109 5.7195 1.507161
1.55 to 1.59 5 19,064,827.45 1.46 106 5.8634 1.574183
1.60 to 1.64 3 7,024,597.22 0.54 81 5.9072 1.614801
1.70 to 1.74 0 0.00 0.00 0 0.0000 0.000000
1.75 to 1.79 3 152,963,994.42 11.69 106 5.3076 1.761259
1.85 to 1.89 5 175,647,334.07 13.43 109 5.3911 1.861245
2.05 to 2.09 1 5,592,000.00 0.43 70 5.1000 2.090000
2.15 to 2.19 0 0.00 0.00 0 0.0000 0.000000
2.30 and greater 17 211,153,354.15 16.14 122 5.3730 2.610315
Totals 80 1,057,029,184.19 80.81 106 5.6429 1.766043
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 4,668,429.69 0.36 107 6.3200 1.020000
Lodging 2 21,151,549.78 1.62 95 7.2900 1.925154
Mixed Use 3 17,348,363.75 1.33 99 5.8441 1.596088
Mobile Home Park 1 2,528,768.90 0.19 108 5.6300 1.470000
Multi-Family 6 44,539,951.41 3.40 88 5.5160 1.580340
Office 14 565,302,298.39 43.22 112 5.5743 1.822061
Other 1 4,488,531.22 0.34 107 7.0700 1.870000
Retail 52 373,001,291.05 28.51 101 5.6261 1.675364
Totals 80 1,057,029,184.19 80.81 106 5.6429 1.766043
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 90,801,195.93 6.94 86 4.7650 2.554133
5.250 to 5.499 8 345,749,523.81 26.43 107 5.3357 1.818419
5.500 to 5.749 17 158,785,584.74 12.14 86 5.6127 1.465868
5.750 to 5.999 15 252,493,943.38 19.30 126 5.7969 1.947417
6.000 to 6.249 14 65,898,293.25 5.04 106 6.0871 1.367041
6.250 to 6.499 3 113,528,064.70 8.68 107 6.2573 1.204907
7.000 to 7.249 2 13,797,526.25 1.05 108 7.1240 1.748557
7.250 to 7.499 1 11,842,554.75 0.91 84 7.4000 2.110000
8.000 to 8.249 1 263,849.82 0.02 112 8.1000 2.030000
8.250 to 8.499 1 2,997,488.64 0.23 66 8.4500 1.330000
8.500 or greater 2 871,158.92 0.07 139 8.5000 1.310000
Totals 80 1,057,029,184.19 80.81 106 5.6429 1.766043
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 41 691,059,870.03 52.83 113 5.5885 1.873084
13 to 24 months 35 361,836,816.78 27.66 95 5.7147 1.566127
25 to 36 months 0 0.00 0.00 0 0.0000 0.000000
37 months or greater 4 4,132,497.38 0.32 84 8.4382 1.370477
Totals 80 1,057,029,184.19 80.81 106 5.6429 1.766043
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 17 87,745,450.50 6.71 49 5.2315 1.765246
61 to 84 months 9 51,552,959.26 3.94 74 5.9893 2.140002
85 to 108 months 36 485,336,986.49 37.10 107 5.8129 1.484844
109 to 120 months 13 403,646,054.46 30.86 110 5.4688 1.981311
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 1.83 300 5.7600 3.120000
Totals 76 1,052,281,450.71 80.44 106 5.6398 1.768057
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 1 263,849.82 0.02 112 8.1000 2.030000
121 to 156 months 2 871,158.92 0.07 139 8.5000 1.310000
181 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 4 4,747,733.48 0.36 169 6.3167 1.319576
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 51.99 110 5.4906 1.923614
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 0 0.00 0.00 0 0.0000 0.000000
265 to 300 months 7 28,359,271.94 2.17 94 6.6608 1.603704
301 to 348 months 38 319,324,637.16 24.41 99 5.8025 1.466166
349 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 76 1,052,281,450.71 80.44 106 5.6398 1.768057
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 36 233,346,691.64 17.84 120 5.7073 1.800418
1 year or less 44 823,682,492.55 62.97 102 5.6246 1.756304
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 1,057,029,184.19 80.81 106 5.6429 1.766043
<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 3,014,425.73 0.23 117 5.8674 1.643529
2,000,001 to 3,000,000 2 5,110,335.25 0.39 92 5.4543 0.890550
3,000,001 to 4,000,000 2 7,090,969.12 0.54 149 5.9016 1.270808
4,000,001 to 5,000,000 3 13,600,000.00 1.04 84 5.4412 1.237169
6,000,001 to 7,000,000 1 6,650,000.00 0.51 71 5.2400 1.120000
9,000,001 to 10,000,000 1 9,250,000.00 0.71 109 5.6600 1.310000
10,000,001 to 15,000,000 8 97,115,499.25 7.42 71 5.4421 1.287062
15,000,001 to 20,000,000 1 19,500,000.00 1.49 73 5.6000 1.260000
20,000,001 to 25,000,000 2 44,740,647.02 3.42 89 5.2690 1.347272
40,000,001 and greater 1 45,000,000.00 3.44 107 5.7300 1.500000
Totals 23 251,071,876.37 19.19 86 5.4961 1.323323
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 10,020,552.56 0.77 72 5.4200 1.610000
Arizona 1 23,500,000.00 1.80 71 5.2500 1.390000
Arkansas 1 3,971,269.95 0.30 228 6.2800 1.350000
California 2 54,250,000.00 4.15 107 5.7181 1.467604
Florida 2 32,100,000.00 2.45 63 5.5607 1.295327
Georgia 3 9,202,928.40 0.70 79 5.5593 1.270809
Illinois 1 2,960,335.25 0.23 107 5.6100 0.920000
Indiana 1 11,700,670.78 0.89 73 5.4100 1.330000
Iowa 1 1,731,196.50 0.13 167 6.5400 1.320000
Nevada 3 34,868,223.84 2.67 66 5.4060 1.233057
New Jersey 1 21,240,647.02 1.62 109 5.2900 1.300000
South Carolina 4 17,600,000.00 1.35 71 5.2400 1.177557
Texas 1 15,000,000.00 1.15 72 5.3900 1.220000
Utah 1 12,926,052.07 0.99 107 5.5900 1.160000
Totals 23 251,071,876.37 19.19 86 5.4961 1.323323
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 10 74,430,289.39 5.69 82 5.4403 1.146427
1.25 to 1.29 1 19,500,000.00 1.49 73 5.6000 1.260000
1.30 to 1.34 4 43,922,514.30 3.36 102 5.4492 1.310886
1.35 to 1.39 4 52,865,290.89 4.04 72 5.4233 1.370201
1.55 to 1.59 0 0.00 0.00 0 0.0000 0.000000
2.30 and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 23 251,071,876.37 19.19 86 5.4961 1.323323
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 0.71 109 5.6600 1.310000
Multi-Family 22 241,821,876.37 18.49 85 5.4898 1.323832
Totals 23 251,071,876.37 19.19 86 5.4961 1.323323
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 18,883,229.23 1.44 70 5.2210 1.238883
5.250 to 5.499 9 119,449,793.37 9.13 76 5.3546 1.313668
5.500 to 5.749 6 102,236,387.32 7.82 93 5.6493 1.358765
5.750 to 5.999 1 4,800,000.00 0.37 107 5.8100 1.120000
6.250 to 6.499 1 3,971,269.95 0.30 228 6.2800 1.350000
6.500 or greater 1 1,731,196.50 0.13 167 6.5400 1.320000
Totals 23 251,071,876.37 19.19 86 5.4961 1.323323
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 12 129,954,292.55 9.93 83 5.4565 1.300228
13 to 24 months 11 121,117,583.82 9.26 89 5.5386 1.348102
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 23 251,071,876.37 19.19 86 5.4961 1.323323
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 41,406,338.73 3.17 48 5.4183 1.306076
61 to 84 months 9 97,321,223.34 7.44 72 5.3766 1.314770
109 to 120 months 2 30,490,647.02 2.33 109 5.4022 1.303034
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 22 247,100,606.42 18.89 84 5.4835 1.322894
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 3,971,269.95 0.30 228 6.2800 1.350000
Totals 1 3,971,269.95 0.30 228 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 11.26 84 5.5215 1.346441
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 0 0.00 0.00 0 0.0000 0.000000
Totals 22 247,100,606.42 18.89 84 5.4835 1.322894
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 6 57,553,137.23 4.40 80 5.4464 1.371216
1 year or less 17 193,518,739.14 14.79 88 5.5109 1.309079
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 23 251,071,876.37 19.19 86 5.4961 1.323323
<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 654,688.14 0.00 5.304%
509788507 2 OF West Palm Beach FL 565,104.17 0.00 6.250%
502794214 3.1 OF New York NY 496,000.00 0.00 5.760%
316000012 3.2 OF New York NY 119,040.00 0.00 5.760%
502792727 4 OF Atlanta GA 369,244.44 0.00 5.360%
502797008 5 RT North Riverside IL 366,488.89 0.00 5.320%
502786511 6 OF New York NY 202,533.33 0.00 4.800%
502781022 7 MF Santa Ana CA 222,037.50 0.00 5.730%
502778927 8 RT West Palm Beach FL 149,030.25 28,276.96 5.760%
502775422 9 OF Los Angeles CA 131,190.28 0.00 5.540%
502777904 10 RT Fort Lauderdale FL 133,722.49 26,061.94 5.710%
730000011 11 OF Fairfax VA 116,890.75 21,883.69 5.820%
730000012 12 MF Glendale AZ 106,239.58 0.00 5.250%
502784419 13 MF Galloway NJ 96,859.08 22,397.94 5.290%
502791512 14 MF Kissimmee FL 94,033.33 0.00 5.600%
502750017 15 RT Barboursville WV 93,603.08 16,359.58 5.970%
502785102 16 RT Raritan NJ 80,879.01 15,410.51 5.750%
502786622 17 MF Dallas TX 69,620.83 0.00 5.390%
830000018 18 RT Montgomery AL 76,956.32 12,930.35 6.064%
730000019 19 OF Everett WA 64,992.02 13,852.12 5.540%
730000020 20 MF Juno Beach FL 63,645.35 13,509.43 5.610%
502781705 21 MF Orem UT 62,282.79 12,838.97 5.590%
502775810 22 MF Las Vegas NV 59,553.67 13,220.72 5.400%
502787117 23 MF Oakland Park FL 59,675.00 0.00 5.500%
502779331 24 LO Little Torch Key FL 75,542.14 12,357.72 7.400%
502788502 25 MF Columbus IN 54,564.75 11,994.42 5.410%
502775912 26 MF Las Vegas NV 54,039.44 11,996.58 5.400%
502791201 27 RT Aliso Viejo CA 55,576.46 10,951.12 5.670%
502781517 28 RT Delray Beach FL 49,958.33 0.00 5.450%
502790218 29 MF Las Vegas NV 48,891.84 10,762.83 5.420%
502793305 30 MF Hoover AL 46,816.25 10,305.91 5.420%
502772636 31 RT Culver City CA 47,896.03 9,638.05 5.620%
502794003 32 MF New York NY 46,930.56 0.00 5.450%
730000033 33 RT Cockeysville MD 51,493.57 8,222.16 6.200%
502769505 34 LO Cocoa Beach FL 57,421.15 17,246.90 7.150%
502796809 35 MH Paramount CA 45,083.47 0.00 5.660%
502775804 36 MF Las Vegas NV 39,656.50 8,803.61 5.400%
502790724 37 RT Hampton GA 42,189.83 8,052.08 5.760%
730000038 38 RT Towson MD 40,260.36 8,569.49 5.500%
730000039 39 RT Old Bridge NJ 38,437.29 7,792.16 5.660%
502775520 40 OF Tinley Park IL 39,108.80 7,056.07 5.880%
502786410 41 MF Greenville SC 33,841.67 0.00 5.240%
730000042 42 RT Sumter SC 35,992.55 16,449.86 5.700%
502787202 43 RT Conyers GA 34,642.63 7,373.76 5.500%
830000044 44 RT Peoria AZ 37,537.34 6,344.24 6.050%
730000045 45 MU Westminster CO 31,514.82 6,726.28 5.480%
502786407 46 MF Greenville SC 30,006.28 0.00 5.240%
502781514 47 MU Miami Beach FL 34,088.12 5,737.17 6.060%
730000048 48 OF Boise ID 28,517.42 0.00 5.320%
502787901 49 RT McDonough GA 25,264.17 0.00 4.970%
830000050 50 OF Washington DC 24,558.20 0.00 5.100%
730000051 51 RT Orlando FL 23,857.80 4,848.95 5.610%
502777601 52 RT Pensacola FL 24,947.13 5,878.61 5.880%
502786418 53 RT Millbrook AL 24,441.12 4,598.69 5.780%
730000054 54 MF Atlanta GA 24,014.67 0.00 5.810%
502786405 55 MF Taylors SC 21,433.06 0.00 5.240%
502783920 56 IN Edina MN 25,439.83 6,100.31 6.320%
830000057 57 OT Santa Rosa CA 27,378.05 8,479.24 7.070%
730000058 58 RT Orlando FL 21,651.20 3,802.38 5.990%
730000059 59 MU Tucson AZ 21,782.44 3,642.22 6.090%
830000060 60 MF Fayetteville AR 21,521.99 8,551.19 6.280%
502786506 61 MF Greenville SC 18,274.50 0.00 5.240%
502793711 62 RT McHenry IL 19,139.86 3,873.77 5.620%
502784426 63 RT St. Paul MN 21,221.56 3,122.12 6.380%
730000064 64 RT Chicago IL 19,494.03 5,105.70 6.050%
830000065 65 RT Irmo SC 17,668.03 12,312.84 5.660%
730000066 66 RT Sherwood OR 17,721.53 3,566.08 5.620%
502772410 67 RT Hampton VA 19,135.38 3,062.38 6.180%
730000068 68 RT Lithonia GA 16,310.34 7,864.66 5.550%
502789103 69 RT Bloomfield CT 17,371.80 3,113.49 5.910%
502773210 70 RT Westland MI 17,639.10 4,652.61 6.030%
502793308 71 RT Hot Springs AR 17,353.98 2,939.98 6.030%
502768517 72 RT Seattle WA 12,373.61 0.00 4.290%
730000073 73 MF Atlanta GA 14,575.30 3,208.54 5.420%
730000074 74 RT Arvada CO 14,848.09 2,931.51 5.740%
730000075 75 RT Sacramento CA 21,824.73 1,901.83 8.450%
730000076 76 RT Loveland OH 12,958.15 3,293.49 5.080%
502778604 77 MF Champaign IL 14,315.02 2,926.27 5.610%
730000078 78 MF Savannah GA 14,513.92 0.00 5.960%
502791612 79 MF Rio Rancho NM 13,089.37 2,259.12 6.000%
502794110 80 MH Skippack Township PA 12,271.60 2,473.29 5.630%
730000081 81 RT Clearwater FL 12,836.47 2,321.16 5.920%
502768514 82 RT Jacksonville FL 9,275.13 0.00 4.290%
730000083 83 OF Norcross GA 12,424.97 0.00 6.140%
502789322 84 RT Saginaw MI 8,431.94 0.00 4.290%
502789321 85 RT La Marque TX 8,411.62 0.00 4.290%
502786508 86 MF Greenville SC 9,701.28 0.00 5.240%
830000087 87 RT Mt. Pleasant TX 10,923.67 3,034.14 6.080%
502771102 88 RT Hamilton OH 6,603.32 0.00 4.290%
730000089 89 MF Waukee IA 9,757.13 1,350.14 6.540%
730000090 90 OF Olive Branch MS 8,481.65 1,579.93 5.880%
502771130 91 RT London KY 6,206.20 0.00 4.290%
830000092 92 RT Kilgore TX 8,637.32 2,399.09 6.080%
730000093 93 MF Forest Park GA 5,487.05 1,459.89 4.960%
502771122 94 RT Mechanicville NY 4,765.48 0.00 4.290%
502771202 95 RT Laurel MS 4,691.59 0.00 4.290%
502789414 96 RT Tulsa OK 4,490.26 0.00 4.290%
502789415 97 RT Broken Arrow OK 4,165.17 0.00 4.290%
830000098 98 RT San Antonio TX 5,182.39 1,439.45 6.080%
502789319 99 RT Columbia SC 3,176.98 0.00 4.290%
730000100 100 RT Rock Springs WY 3,129.25 1,855.68 8.500%
730000101 101 RT Silver City NM 3,067.48 1,819.05 8.500%
730000102 102 RT Lamar CO 1,791.61 1,573.41 8.100%
Totals 6,324,345.42 516,463.83
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 01/11/2005
509788507 N/A 12/11/2013 N 105,000,000.00 105,000,000.00 01/11/2005
502794214 02/11/2014 01/11/2030 N 100,000,000.00 100,000,000.00 01/11/2005
316000012 N/A 01/11/2030 N 24,000,000.00 24,000,000.00 01/11/2005
502792727 N/A 09/11/2014 N 80,000,000.00 80,000,000.00 01/11/2005
502797008 N/A 02/11/2014 N 80,000,000.00 80,000,000.00 01/11/2005
502786511 N/A 02/11/2014 N 49,000,000.00 49,000,000.00 01/11/2005
502781022 12/11/2013 12/11/2033 N 45,000,000.00 45,000,000.00 01/11/2005
502778927 02/11/2014 02/11/2034 N 30,046,421.41 30,018,144.45 01/11/2005
502775422 12/11/2008 12/11/2033 N 27,500,000.00 27,500,000.00 01/11/2005
502777904 01/11/2014 12/11/2033 N 27,196,257.99 27,170,196.05 01/11/2005
730000011 N/A 12/01/2013 N 23,323,727.12 23,301,843.43 01/11/2005
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 21,263,044.96 21,240,647.02 01/11/2005
502791512 02/11/2011 02/11/2034 N 19,500,000.00 19,500,000.00 01/11/2005
502750017 01/11/2014 12/11/2033 N 18,207,763.96 18,191,404.38 01/11/2005
502785102 N/A 02/11/2014 N 16,334,611.28 16,319,200.77 01/11/2005
502786622 01/11/2011 01/11/2034 N 15,000,000.00 15,000,000.00 01/11/2005
830000018 N/A 01/01/2014 N 14,737,571.50 14,724,641.15 01/11/2005
730000019 10/11/2008 06/11/2033 N 13,623,574.66 13,609,722.54 01/11/2005
730000020 N/A 06/01/2013 N 13,174,817.58 13,161,308.15 01/11/2005
502781705 12/11/2013 10/11/2033 N 12,938,891.04 12,926,052.07 12/11/2004
502775810 01/11/2009 12/11/2033 N 12,807,241.66 12,794,020.94 01/11/2005
502787117 12/11/2008 12/11/2033 N 12,600,000.00 12,600,000.00 01/11/2005
502779331 01/11/2012 12/11/2028 N 11,854,912.47 11,842,554.75 01/11/2005
502788502 02/11/2011 02/11/2034 N 11,712,665.20 11,700,670.78 01/11/2005
502775912 01/11/2009 12/11/2033 N 11,621,385.97 11,609,389.39 01/11/2005
502791201 02/11/2014 02/11/2034 N 11,382,787.36 11,371,836.24 01/11/2005
502781517 N/A 01/11/2014 N 11,000,000.00 11,000,000.00 01/11/2005
502790218 01/11/2014 12/11/2033 N 10,475,576.34 10,464,813.51 01/11/2005
502793305 N/A 01/11/2011 N 10,030,858.47 10,020,552.56 01/11/2005
502772636 02/11/2011 02/11/2034 N 9,897,010.77 9,887,372.72 01/11/2005
502794003 N/A 02/11/2014 N 10,000,000.00 10,000,000.00 01/11/2005
730000033 N/A 12/01/2013 N 9,644,996.69 9,636,774.53 01/11/2005
502769505 01/11/2014 12/11/2023 N 9,326,241.93 9,308,995.03 01/11/2005
502796809 02/11/2014 02/11/2034 N 9,250,000.00 9,250,000.00 01/11/2005
502775804 01/11/2009 12/11/2033 N 8,528,278.93 8,519,475.32 01/11/2005
502790724 01/11/2014 12/11/2033 N 8,506,014.66 8,497,962.58 01/11/2005
730000038 N/A 01/01/2014 N 8,500,720.71 8,492,151.22 01/11/2005
730000039 N/A 10/01/2013 N 7,886,369.85 7,878,577.69 01/11/2005
502775520 N/A 02/11/2014 N 7,723,924.39 7,716,868.32 01/11/2005
502786410 12/11/2010 12/11/2033 N 7,500,000.00 7,500,000.00 01/11/2005
730000042 N/A 02/11/2014 N 7,332,947.07 7,316,497.21 01/11/2005
502787202 05/11/2009 12/11/2033 N 7,314,573.55 7,307,199.79 01/11/2005
830000044 N/A 01/01/2014 N 7,205,247.74 7,198,903.50 01/11/2005
730000045 N/A 02/11/2012 N 6,678,441.77 6,671,715.49 01/11/2005
502786407 12/11/2010 12/11/2033 N 6,650,000.00 6,650,000.00 01/11/2005
502781514 01/11/2014 12/11/2033 N 6,532,377.21 6,526,640.04 01/11/2005
730000048 11/11/2009 11/11/2033 N 6,225,000.00 6,225,000.00 01/11/2005
502787901 N/A 12/11/2010 N 6,100,000.00 6,100,000.00 01/11/2005
830000050 N/A 11/01/2010 N 5,592,000.00 5,592,000.00 01/11/2005
730000051 01/11/2010 12/11/2033 N 4,938,651.80 4,933,802.85 01/11/2005
502777601 N/A 12/11/2013 N 4,927,017.70 4,921,139.09 01/11/2005
502786418 02/11/2014 02/11/2034 N 4,910,594.73 4,905,996.04 01/11/2005
730000054 N/A 12/11/2013 N 4,800,000.00 4,800,000.00 01/11/2005
502786405 12/11/2010 12/11/2033 N 4,750,000.00 4,750,000.00 01/11/2005
502783920 12/11/2013 10/11/2028 N 4,674,530.00 4,668,429.69 01/11/2005
830000057 N/A 12/01/2013 N 4,497,010.46 4,488,531.22 01/11/2005
730000058 N/A 11/11/2013 N 4,197,550.89 4,193,748.51 01/11/2005
730000059 N/A 12/11/2013 N 4,153,650.44 4,150,008.22 01/11/2005
830000060 N/A 01/11/2024 N 3,979,821.14 3,971,269.95 01/11/2005
502786506 12/11/2010 12/11/2033 N 4,050,000.00 4,050,000.00 01/11/2005
502793711 01/11/2014 12/11/2033 N 3,954,971.23 3,951,097.46 01/11/2005
502784426 01/11/2014 11/11/2034 N 3,862,757.13 3,859,635.01 01/11/2005
730000064 N/A 01/11/2014 N 3,741,856.38 3,736,750.68 01/11/2005
830000065 N/A 01/11/2020 N 3,625,037.58 3,612,724.74 01/11/2005
730000066 N/A 02/11/2014 N 3,661,893.99 3,658,327.91 01/11/2005
502772410 01/11/2014 12/11/2033 N 3,595,749.23 3,592,686.85 01/11/2005
730000068 N/A 01/11/2014 N 3,412,799.81 3,404,935.15 01/11/2005
502789103 01/11/2014 12/11/2033 N 3,413,486.77 3,410,373.28 01/11/2005
502773210 N/A 01/11/2014 N 3,397,034.37 3,392,381.76 01/11/2005
502793308 02/11/2014 02/11/2034 N 3,342,123.50 3,339,183.52 01/11/2005
502768517 12/11/2008 12/11/2028 N 3,349,500.00 3,349,500.00 01/11/2005
730000073 N/A 01/11/2009 N 3,122,907.71 3,119,699.17 01/11/2005
730000074 N/A 09/11/2010 N 3,003,997.63 3,001,066.12 01/11/2005
730000075 N/A 07/01/2010 N 2,999,390.47 2,997,488.64 01/11/2005
730000076 01/11/2011 12/11/2033 N 2,962,239.42 2,958,945.93 01/11/2005
502778604 12/11/2013 10/11/2033 N 2,963,261.52 2,960,335.25 01/11/2005
730000078 N/A 01/11/2014 N 2,828,000.00 2,828,000.00 12/11/2004
502791612 01/11/2014 12/11/2033 N 2,533,427.06 2,531,167.94 01/11/2005
502794110 01/11/2014 12/11/2033 N 2,531,242.19 2,528,768.90 01/11/2005
730000081 N/A 11/11/2013 N 2,518,052.59 2,515,731.43 01/11/2005
502768514 12/11/2008 12/11/2028 N 2,510,750.00 2,510,750.00 01/11/2005
730000083 N/A 12/11/2013 N 2,350,000.00 2,350,000.00 01/11/2005
502789322 12/11/2008 12/11/2028 N 2,282,500.00 2,282,500.00 01/11/2005
502789321 12/11/2008 12/11/2028 N 2,277,000.00 2,277,000.00 01/11/2005
502786508 12/11/2010 12/11/2033 N 2,150,000.00 2,150,000.00 01/11/2005
830000087 N/A 03/01/2012 N 2,086,439.33 2,083,405.19 01/11/2005
502771102 12/11/2008 12/11/2028 N 1,787,500.00 1,787,500.00 01/11/2005
730000089 N/A 12/11/2018 N 1,732,546.64 1,731,196.50 01/11/2005
730000090 09/11/2010 04/11/2033 N 1,675,111.03 1,673,531.10 12/11/2004
502771130 12/11/2008 12/11/2028 N 1,680,000.00 1,680,000.00 01/11/2005
830000092 N/A 03/01/2012 N 1,649,742.67 1,647,343.58 01/11/2005
730000093 N/A 02/11/2009 N 1,284,689.12 1,283,229.23 01/11/2005
502771122 12/11/2008 12/11/2028 N 1,290,000.00 1,290,000.00 01/11/2005
502771202 12/11/2008 12/11/2028 N 1,270,000.00 1,270,000.00 01/11/2005
502789414 12/11/2008 12/11/2028 N 1,215,500.00 1,215,500.00 01/11/2005
502789415 12/11/2008 12/11/2028 N 1,127,500.00 1,127,500.00 01/11/2005
830000098 N/A 03/01/2012 N 989,845.74 988,406.29 01/11/2005
502789319 12/11/2008 12/11/2028 N 860,000.00 860,000.00 01/11/2005
730000100 N/A 08/01/2016 N 441,776.96 439,921.28 01/11/2005
730000101 N/A 08/01/2016 N 433,056.69 431,237.64 01/11/2005
730000102 N/A 05/01/2014 N 265,423.23 263,849.82 01/11/2005
Totals 1,308,617,524.39 1,308,101,060.56
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>
01/18/2005 0 $0.00 0 $0.00 0 $0.00
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>
01/18/2005 0 $0.00 0 $0.00 0 $0.00
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>
01/18/2005 0 $0.00 0 $0.00 5.614702% 5.571677% 103
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>
730000012 12 0 12/11/2004 105,456.24 105,456.24 B
502781705 21 0 12/11/2004 74,690.46 74,690.46 B
730000078 78 0 12/11/2004 14,419.66 14,419.66 B
730000090 90 0 12/11/2004 10,005.74 10,005.74 B
Totals 4 204,572.10 204,572.10
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>
730000012 23,500,000.00 0.00
502781705 12,938,891.04 0.00
730000078 2,828,000.00 0.00
730000090 1,675,111.03 0.00
Totals 40,942,002.07 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) 204,572.10 204,572.10 40,942,002.07 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