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: February 15, 2005
(Date of earliest event reported)
Commission File No.: 333-83930-01
Wachovia Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2002-C01
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
52-2365707
52-2365708
52-2365709
52-7294443
(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 February 15, 2005, a distribution was made to holders of Wachovia
Commercial Mortgage Securities, Inc., Commercial Mortgage Pass-Through
Certificates, Series 2002-C01.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial Mortgage
Pass-Through Certificates, Series 2002-C01, relating to the
February 15, 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 Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2002-C01
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: February 15, 2005
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial
Mortgage Pass-Through Certificates, Series 2002-C01,
relating to the February 15, 2005 distribution.
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
Wachovia Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2002-C01
For Additional Information, please contact
CTSLink Customer Service
(301) 815-6600
Reports Available on the World Wide Web
@ www.ctslink.com/cmbs
Payment Date: February 15, 2005
Record Date: January 31, 2005
DISTRIBUTION DATE STATEMENT
Table of Contents
STATEMENT SECTIONS PAGE(s)
Certificate Distribution Detail 2
Certificate Factor Detail 3
Reconciliation Detail 4
Other Required Information 5
Cash Reconciliation 6
Ratings Detail 7
Current Mortgage Loan and Property Stratification Tables 8 - 10
Mortgage Loan Detail 11 - 15
Principal Prepayment Detail 16
Historical Detail 17
Delinquency Loan Detail 18
Specially Serviced Loan Detail 19 - 20
Modified Loan Detail 21
Liquidated Loan Detail 22
Depositor
Wachovia Commercial Mortgage Securities, Inc.
301 South College Street
Charlotte, NC 28288-1016
Contact: Tim Steward
Phone Number: (704) 593-7822
Master Servicer
Wachovia Bank, National Association
8739 Research Drive
URP 4, NC1075
Charlotte, NC 28262
Contact: Timothy S. Ryan
Phone Number: (704) 593-7878
Special Servicer
Lennar Partners, Inc.
760 N.W. 107th Avenue
Miami, FL 33172
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 929766AA1 4.539000% 59,085,000.00 31,386,827.74 1,306,132.67 118,720.68
A-2 929766AB9 5.681000% 135,498,000.00 135,498,000.00 0.00 641,470.11
A-3 929766AC7 6.164000% 135,167,000.00 135,167,000.00 0.00 694,307.82
A-4 929766AD5 6.287000% 404,157,000.00 404,157,000.00 0.00 2,117,445.88
B 929766AE3 6.413000% 35,627,000.00 35,627,000.00 0.00 190,396.63
C 929766AF0 6.551000% 42,752,000.00 42,752,000.00 0.00 233,390.29
D 929766AG8 6.630000% 9,500,000.00 9,500,000.00 0.00 52,487.50
E 929766AK9 7.029000% 13,063,000.00 13,063,000.00 0.00 76,516.52
F 929766AL7 7.128000% 16,626,000.00 16,626,000.00 0.00 98,758.44
G 929766AM5 7.202453% 13,063,000.00 13,063,000.00 0.00 78,404.70
H 929766AN3 6.290000% 15,438,000.00 15,438,000.00 0.00 80,920.85
J 929766AP8 6.290000% 17,814,000.00 17,814,000.00 0.00 93,375.05
K 929766AQ6 6.290000% 4,750,000.00 4,750,000.00 0.00 24,897.92
L 929766AR4 6.290000% 9,980,000.00 9,980,000.00 0.00 52,311.83
M 929766AS2 6.290000% 7,036,000.00 7,036,000.00 0.00 36,880.37
N 929766AT0 6.290000% 4,690,000.00 4,690,000.00 0.00 24,583.42
O 929766AU7 6.290000% 25,796,449.00 25,796,449.00 0.00 135,393.09
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 950,042,449.00 922,344,276.74 1,306,132.67 4,750,261.10
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 929766AA1 16,128.43 0.00 1,440,981.78 30,080,695.07 23.47%
A-2 929766AB9 0.00 0.00 641,470.11 135,498,000.00 23.47%
A-3 929766AC7 0.00 0.00 694,307.82 135,167,000.00 23.47%
A-4 929766AD5 0.00 0.00 2,117,445.88 404,157,000.00 23.47%
B 929766AE3 0.00 0.00 190,396.63 35,627,000.00 19.60%
C 929766AF0 0.00 0.00 233,390.29 42,752,000.00 14.96%
D 929766AG8 0.00 0.00 52,487.50 9,500,000.00 13.93%
E 929766AK9 0.00 0.00 76,516.52 13,063,000.00 12.51%
F 929766AL7 0.00 0.00 98,758.44 16,626,000.00 10.70%
G 929766AM5 0.00 0.00 78,404.70 13,063,000.00 9.28%
H 929766AN3 0.00 0.00 80,920.85 15,438,000.00 7.61%
J 929766AP8 0.00 0.00 93,375.05 17,814,000.00 5.67%
K 929766AQ6 0.00 0.00 24,897.92 4,750,000.00 5.16%
L 929766AR4 0.00 0.00 52,311.83 9,980,000.00 4.07%
M 929766AS2 0.00 0.00 36,880.37 7,036,000.00 3.31%
N 929766AT0 0.00 0.00 24,583.42 4,690,000.00 2.80%
O 929766AU7 0.00 0.00 135,393.09 25,796,449.00 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 16,128.43 0.00 6,072,522.20 921,038,144.07
Class CUSIP Pass-Through Original Beginning Interest
Rate Notional Notional Distribution
Amount Amount
<s> <c> <c> <c> <c> <c>
IO-I 929766AH6 0.293296% 950,042,449.00 922,344,276.74 225,433.19
IO-II 929766AJ2 0.952942% 754,125,000.00 754,125,000.00 598,864.36
Class CUSIP Prepayment Total Ending
Penalties Distribution Notional
Amount
<s> <c> <c> <c> <c>
IO-I 929766AH6 71,683.84 297,117.03 921,038,144.07
IO-II 929766AJ2 0.00 598,864.36 754,125,000.00
<FN>
(1) Calculated by taking (A) the sum of the ending certificate balance of all
classes less (B) the sum of (i) the ending certificate balance of the designated
class and (ii) the ending certificate balance of all classes which are not
subordinate to the designated class and dividing the result by (A).
</FN>
Certificate Factor Detail
Class CUSIP Beginning Principal Interest Prepayment Realized Loss/ Ending
Balance Distribution Distribution Penalties Additional Balance
Trust Fund
Expenses
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 929766AA1 531.21482170 22.10599425 2.00932013 0.27296996 0.00000000 509.10882745
A-2 929766AB9 1,000.00000000 0.00000000 4.73416663 0.00000000 0.00000000 1,000.00000000
A-3 929766AC7 1,000.00000000 0.00000000 5.13666664 0.00000000 0.00000000 1,000.00000000
A-4 929766AD5 1,000.00000000 0.00000000 5.23916666 0.00000000 0.00000000 1,000.00000000
B 929766AE3 1,000.00000000 0.00000000 5.34416678 0.00000000 0.00000000 1,000.00000000
C 929766AF0 1,000.00000000 0.00000000 5.45916659 0.00000000 0.00000000 1,000.00000000
D 929766AG8 1,000.00000000 0.00000000 5.52500000 0.00000000 0.00000000 1,000.00000000
E 929766AK9 1,000.00000000 0.00000000 5.85749981 0.00000000 0.00000000 1,000.00000000
F 929766AL7 1,000.00000000 0.00000000 5.94000000 0.00000000 0.00000000 1,000.00000000
G 929766AM5 1,000.00000000 0.00000000 6.00204394 0.00000000 0.00000000 1,000.00000000
H 929766AN3 1,000.00000000 0.00000000 5.24166667 0.00000000 0.00000000 1,000.00000000
J 929766AP8 1,000.00000000 0.00000000 5.24166667 0.00000000 0.00000000 1,000.00000000
K 929766AQ6 1,000.00000000 0.00000000 5.24166737 0.00000000 0.00000000 1,000.00000000
L 929766AR4 1,000.00000000 0.00000000 5.24166633 0.00000000 0.00000000 1,000.00000000
M 929766AS2 1,000.00000000 0.00000000 5.24166714 0.00000000 0.00000000 1,000.00000000
N 929766AT0 1,000.00000000 0.00000000 5.24166738 0.00000000 0.00000000 1,000.00000000
O 929766AU7 1,000.00000000 0.00000000 5.24851657 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>
IO-I 929766AH6 970.84533192 0.23728749 0.07545330 969.47051686
IO-II 929766AJ2 1,000.00000000 0.79411816 0.00000000 1,000.00000000
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 328,094.17
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 43,654.63
Less Delinquent Servicing Fees 2,166.37
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 1,077.52
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 42,565.78
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-1 118,720.68 0.00 0.00 118,720.68 0.00
A-2 641,470.11 0.00 0.00 641,470.11 0.00
A-3 694,307.82 0.00 0.00 694,307.82 0.00
A-4 2,117,445.88 0.00 0.00 2,117,445.88 0.00
IO-I 225,433.19 0.00 0.00 225,433.19 0.00
IO-II 598,864.36 0.00 0.00 598,864.36 0.00
B 190,396.63 0.00 0.00 190,396.63 0.00
C 233,390.29 0.00 0.00 233,390.29 0.00
D 52,487.50 0.00 0.00 52,487.50 0.00
E 76,516.52 0.00 0.00 76,516.52 0.00
F 98,758.44 0.00 0.00 98,758.44 0.00
G 78,404.70 0.00 0.00 78,404.70 0.00
H 80,920.85 0.00 0.00 80,920.85 0.00
J 93,375.05 0.00 0.00 93,375.05 0.00
K 24,897.92 0.00 0.00 24,897.92 0.00
L 52,311.83 0.00 0.00 52,311.83 0.00
M 36,880.37 0.00 0.00 36,880.37 0.00
N 24,583.42 0.00 0.00 24,583.42 0.00
O 135,216.39 0.00 0.00 135,216.39 176.70
Total 5,574,381.95 0.00 0.00 5,574,381.95 176.70
Class Additional Interest Remaining Unpaid
Trust Fund Distribution Distributable
Expenses Certificate Interest
<s> <c> <c> <c>
A-1 0.00 118,720.68 0.00
A-2 0.00 641,470.11 0.00
A-3 0.00 694,307.82 0.00
A-4 0.00 2,117,445.88 0.00
IO-I 0.00 225,433.19 0.00
IO-II 0.00 598,864.36 0.00
B 0.00 190,396.63 0.00
C 0.00 233,390.29 0.00
D 0.00 52,487.50 0.00
E 0.00 76,516.52 0.00
F 0.00 98,758.44 0.00
G 0.00 78,404.70 0.00
H 0.00 80,920.85 0.00
J 0.00 93,375.05 0.00
K 0.00 24,897.92 0.00
L 0.00 52,311.83 0.00
M 0.00 36,880.37 0.00
N 0.00 24,583.42 0.00
O 0.00 135,393.09 329.14
Total 0.00 5,574,558.65 329.14
Other Required Information
<s> <c>
Available Distribution Amount (1) 6,968,503.59
Aggregate Number of Outstanding Loans 154
Aggregate Stated Principal Balance of Loans Before Distribution 922,344,276.61
Aggregate Stated Principal Balance of Loans After Distribution 921,038,143.94
Aggregate Unpaid Principal Balance of Loans 921,081,074.06
Aggregate Amount of Servicing Fee 42,565.78
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 2,059.90
Aggregate Trust Fund Expenses (176.70)
Interest Reserve Deposit 186,556.14
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>
Original Subordination Level
<s> <c> <c> <c>
Class A-1 22.750000% Class H 10.500000%
Class A-2 22.750000% Class J 9.000000%
Class B 19.000000% Class K 7.500000%
Class C 17.750000% Class L 5.250000%
Class D 16.500000% Class M 4.500000%
Class E 14.750000% Class N 3.780000%
Class F 13.500000% Class O 3.070000%
Class G 12.250000% Class P 2.600000%
Class Q 0.000000%
Appraisal Reduction Amount
None
Cash Reconciliation Detail
<s> <c>
Total Funds Collected
Interest:
Scheduled Interest 5,806,652.62
Interest reductions due to Nonrecoverability Determinations 0.00
Interest Adjustments 0.00
Deferred Interest 0.00
Net Prepayment Interest Shortfall 0.00
Net Prepayment Interest Excess 0.00
Extension Interest 0.00
Interest Reserve Withdrawal 0.00
Total Interest Collected 5,806,652.62
Principal:
Scheduled Principal 853,981.37
Unscheduled Principal 452,151.30
Principal Prepayments 452,151.30
Collection of Principal after Maturity Date 0.00
Recoveries from Liquidation and Insurance Proceeds 0.00
Excess of Prior Principal Amounts paid 0.00
Curtailments 0.00
Negative Amortization 0.00
Principal Adjustments 0.00
Total Principal Collected 1,306,132.67
Other:
Prepayment Penalties/Yield Maintenance 87,812.27
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: 87,812.27
Total Funds Collected 7,200,597.56
Total Funds Distributed
Fees:
Master Servicing Fee 43,654.63
Trustee Fee 2,059.90
Certificate Administration Fee 0.00
Insurer Fee 0.00
Miscellaneous Fee 0.00
Total Fees 45,714.53
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 (176.70)
Total Additional Trust Fund Expenses (176.70)
Interest Reserve Deposit 186,556.14
Payments to Certificateholders & Others:
Interest Distribution 5,574,558.65
Principal Distribution 1,306,132.67
Prepayment Penalties/Yield Maintenance 87,812.27
Borrower Option Extension Fees 0.00
Equity Payments Paid 0.00
Net Swap Counterparty Payments Paid 0.00
Total Payments to Certificateholders & Others 6,968,503.59
Total Funds Distributed 7,200,597.56
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 929766AA1 X Aaa AAA X Aaa AAA
A-2 929766AB9 X Aaa AAA X Aaa AAA
A-3 929766AC7 X Aaa AAA X Aaa AAA
A-4 929766AD5 X Aaa AAA X Aaa AAA
IO-I 929766AH6 X Aaa AAA X Aaa AAA
IO-II 929766AJ2 X Aaa AAA X Aaa AAA
B 929766AE3 X Aa2 AA X Aa2 AA
C 929766AF0 X A2 A X A2 A
D 929766AG8 X A3 A- X A3 A-
E 929766AK9 X Baa1 BBB+ X Baa1 BBB+
F 929766AL7 X Baa2 BBB X Baa2 BBB
G 929766AM5 X Baa3 BBB- X Baa3 BBB-
H 929766AN3 X Ba1 BB+ X Ba1 BB+
J 929766AP8 X Ba2 BB X Ba2 BB
K 929766AQ6 X Ba3 BB- X Ba3 BB-
L 929766AR4 X N/R B+ X NR B+
M 929766AS2 X B2 B X B2 B
N 929766AT0 X B3 B- X B3 B-
O 929766AU7 X N/A NR X NR NR
<FN>
NR - Designates that the class was not rated by the above agency at the time of
original issuance.
X - Designates that the above rating agency did not rate any classes in this transaction at the time of
original issuance.
N/A - Data not available this period.
1) For any class not rated at the time of original issuance by any particular
rating agency, no request has been made subsequent to issuance to obtain rating
information, if any, from such rating agency. The current ratings were obtained
directly from the applicable rating agency within 30 days of the payment date
listed above. The ratings may have changed since they were obtained. Because the
ratings may have changed, you may want to obtain current ratings directly from the
rating agencies.
Fitch, Inc.
One State Street Plaza
New York, New York 10004
(212) 908-0500
Moody's Investors Service
99 Church Street
New York, New York 10007
(212) 553-0300
Standard & Poor's Rating Services
55 Water Street
New York, New York 10041
(212) 438-2430
</FN>
Current Mortgage Loan and Property Stratification Tables
Scheduled Balance
Scheduled # of Scheduled % of WAM WAC Weighted
Balance Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Below 1,000,000 10 6,967,263.65 0.76 78 8.1053 1.597496
1,000,001 to 2,000,000 18 28,086,124.94 3.05 91 7.4886 1.571328
2,000,001 to 3,000,000 19 45,675,812.44 4.96 83 7.4034 1.295624
3,000,001 to 4,000,000 16 56,212,908.91 6.10 74 7.2984 1.388883
4,000,001 to 5,000,000 19 85,966,059.92 9.33 72 7.1960 1.399416
5,000,001 to 6,000,000 15 82,579,641.56 8.97 84 7.1756 1.494265
6,000,001 to 7,000,000 13 84,206,578.92 9.14 90 7.3494 1.445220
7,000,001 to 8,000,000 9 68,610,443.50 7.45 82 7.2588 1.413785
8,000,001 to 9,000,000 9 77,088,419.66 8.37 91 7.2262 1.471424
9,000,001 to 10,000,000 5 47,127,857.79 5.12 75 7.2347 1.554604
10,000,001 to 15,000,000 12 148,003,845.90 16.07 87 7.3666 1.325237
15,000,001 to 20,000,000 5 89,377,455.47 9.70 82 7.3042 1.370917
20,000,001 to 25,000,000 2 46,844,066.37 5.09 57 7.7778 1.454670
25,000,001 or greater 2 54,291,664.91 5.89 56 7.0942 1.220890
Totals 154 921,038,143.94 100.00 80 7.3112 1.405698
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 14,930,224.22 1.62 85 7.0900 1.470000
Arizona 10 61,937,256.35 6.72 80 7.2576 1.276963
California 45 279,580,736.05 30.35 71 7.2476 1.466961
Colorado 4 31,213,951.11 3.39 83 7.2983 1.522580
Connecticut 2 27,473,808.18 2.98 35 8.0271 1.577779
Florida 17 130,384,571.79 14.16 81 7.2552 1.390354
Georgia 2 6,450,008.97 0.70 86 7.2688 1.217606
Illinois 1 2,852,787.43 0.31 86 7.7000 1.340000
Iowa 2 8,449,880.87 0.92 83 7.5686 1.505786
Kansas 1 985,793.80 0.11 70 8.4500 1.540000
Louisiana 1 9,356,041.61 1.02 86 7.5000 1.560000
Maine 1 17,025,301.39 1.85 84 7.3600 1.610000
Maryland 2 10,028,221.49 1.09 85 7.3896 1.744457
Massachusetts 4 25,051,759.42 2.72 81 7.4816 0.959668
Michigan 2 15,401,592.27 1.67 149 7.5964 1.461301
Minnesota 3 12,014,392.93 1.30 65 7.3007 1.322260
Mississippi 1 2,386,457.09 0.26 84 7.1700 1.200000
Missouri 3 9,547,780.28 1.04 78 6.9425 1.458222
Nevada 7 28,298,685.94 3.07 81 7.4757 1.397357
New Jersey 1 961,102.99 0.10 78 8.9000 1.320000
New York 2 25,031,689.53 2.72 85 6.9870 1.409031
North Carolina 3 23,046,432.90 2.50 119 7.1200 1.517087
North Dakota 1 969,149.97 0.11 77 7.6000 0.910000
Oklahoma 1 11,800,611.21 1.28 86 7.4000 1.220000
Oregon 2 7,356,175.28 0.80 107 7.9367 1.465911
Pennsylvania 2 14,825,615.31 1.61 83 7.0809 1.116832
Rhode Island 1 3,177,001.70 0.34 83 7.6800 1.210000
South Carolina 1 2,391,593.70 0.26 83 7.0600 1.730000
Tennessee 2 17,091,955.38 1.86 184 7.9228 1.438512
Texas 21 54,357,117.62 5.90 63 7.1891 1.284294
Utah 3 15,588,706.87 1.69 81 7.1175 1.638924
Virginia 2 6,642,409.56 0.72 85 7.5826 1.484411
Washington 12 22,155,675.91 2.41 81 7.2813 1.356530
Washington,DC 3 22,273,654.81 2.42 84 7.3819 1.132596
Totals 166 921,038,143.94 100.00 80 7.3112 1.405698
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 27 172,832,755.28 18.76 65 7.3711 0.997562
1.20 to 1.24 10 44,921,082.59 4.88 80 7.2080 1.223609
1.25 to 1.29 7 29,082,185.51 3.16 85 7.5091 1.277654
1.30 to 1.34 17 98,264,274.94 10.67 84 7.2983 1.319733
1.35 to 1.39 7 39,422,565.87 4.28 82 7.1948 1.367463
1.40 to 1.44 17 121,846,622.17 13.23 81 7.1672 1.413090
1.45 to 1.49 14 129,466,459.11 14.06 105 7.3765 1.470330
1.50 to 1.54 9 37,544,034.35 4.08 84 7.3518 1.516255
1.55 to 1.59 8 47,229,486.34 5.13 76 7.3316 1.562976
1.60 to 1.64 10 78,898,785.88 8.57 66 7.5204 1.619166
1.65 to 1.69 1 3,990,769.30 0.43 58 7.2500 1.690000
1.70 or greater 27 117,539,122.60 12.76 81 7.1814 1.861486
Totals 154 921,038,143.94 100.00 80 7.3112 1.405698
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 24 74,807,663.08 8.12 121 7.6276 1.456113
Lodging 2 20,192,749.79 2.19 69 8.1279 1.361435
Mixed Use 6 27,380,720.89 2.97 78 7.4863 1.273051
Mobile Home Park 7 39,028,175.92 4.24 78 7.1769 1.298069
Multi-Family 45 263,952,642.69 28.66 74 7.0712 1.238138
Office 26 180,329,817.68 19.58 73 7.4076 1.481512
Retail 55 308,617,569.69 33.51 81 7.3305 1.511512
Self Storage 1 6,728,804.19 0.73 87 7.3600 1.830000
Totals 166 921,038,143.94 100.00 80 7.3112 1.405698
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>
6.749% or less 9 47,549,614.49 5.16 84 6.6194 1.501315
6.750% to 6.999% 17 125,773,501.95 13.66 71 6.8959 1.374695
7.000% to 7.249% 28 200,815,885.12 21.80 78 7.1187 1.392951
7.250% to 7.499% 48 313,804,384.43 34.07 77 7.3386 1.424831
7.500% to 7.749% 31 132,363,650.78 14.37 81 7.5986 1.374321
7.500% to 7.999% 12 60,052,164.88 6.52 141 7.8757 1.350356
8.000% to 8.249% 3 24,650,465.80 2.68 28 8.2192 1.600182
8.250% or greater 6 16,028,476.49 1.74 76 8.6136 1.317784
Totals 154 921,038,143.94 100.00 80 7.3112 1.405698
Seasoning
Seasoning # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
12 months or less 0 0.00 0.00 0 0.0000 0.000000
13 to 24 months 0 0.00 0.00 0 0.0000 0.000000
25 to 36 months 78 547,928,423.94 59.49 75 7.2633 1.445643
37 to 48 months 64 352,912,286.90 38.32 89 7.3246 1.343871
49 months and greater 12 20,197,433.10 2.19 71 8.3760 1.402337
Totals 154 921,038,143.94 100.00 80 7.3112 1.405698
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 23 152,550,171.74 16.56 38 7.4557 1.360548
61 to 84 months 76 381,746,696.49 41.45 81 7.2699 1.385977
85 to 108 months 47 351,924,108.30 38.21 86 7.2306 1.438113
109 to 120 months 0 0.00 0.00 0 0.0000 0.000000
121 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 146 886,220,976.53 96.22 76 7.2863 1.402303
Remaining Stated Term (Fully Amortizing Loans)
Remaining Stated # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
120 months or less 2 825,281.08 0.09 107 7.5582 1.294299
120 to 192 months 2 2,589,497.66 0.28 173 8.4000 1.503354
193 to 264 months 4 31,402,388.67 3.41 200 7.9185 1.496377
265 to 336 months 0 0.00 0.00 0 0.0000 0.000000
337 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 8 34,817,167.41 3.78 196 7.9458 1.492106
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>
120 months or less 0 0.00 0.00 0 0.0000 0.000000
120 to 192 months 4 6,485,192.98 0.70 63 7.3108 1.708235
193 to 264 months 27 112,553,809.78 12.22 74 7.4128 1.432268
265 to 336 months 115 767,181,973.77 83.30 76 7.2675 1.395321
337 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 146 886,220,976.53 96.22 76 7.2863 1.402303
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 1 961,102.99 0.10 78 8.9000 1.320000
1 year or less 133 800,336,396.43 86.90 80 7.2885 1.395489
1 to 2 years 20 119,740,644.52 13.00 85 7.4501 1.474621
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 154 921,038,143.94 100.00 80 7.3112 1.405698
<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>
502727207 1 OF Jacksonville FL 173,996.28 20,810.73 7.270%
502723005 2 MF Rancho Cordova CA 157,913.62 20,089.05 6.910%
502715310 3 MF Ft. Lauderdale FL 158,065.58 17,969.70 7.370%
546000004 4 OF Hartford CT 155,900.83 15,963.37 8.240%
546000005 5 RT Altamonte Springs FL 124,295.74 15,772.99 7.365%
502722104 6 RT Colorado Springs CO 114,581.65 14,259.51 7.190%
502716604 7 MF New York NY 105,398.73 14,234.86 6.990%
502719801 8 RT South Portland ME 107,983.11 12,706.19 7.360%
546000009 9 MF Bradford MA 110,330.80 11,688.41 7.630%
546000010 10 IN Antioch TN 100,349.77 31,318.69 7.940%
546000011 11 RT Florence AL 91,225.38 11,828.04 7.090%
546000012 12 MU Glendale AZ 93,193.00 11,661.00 7.400%
546000013 13 MH Mesa AZ 77,251.04 10,200.79 7.110%
502719202 14 IN San Antonio TX 76,943.18 9,348.91 7.210%
546000015 15 OF San Diego CA 76,424.70 13,360.04 7.250%
502721404 16 RT Oklahoma City OK 75,250.46 8,527.50 7.400%
546000017 17 RT Pinole CA 71,129.92 9,513.92 7.100%
546000018 18 MF Houston TX 68,993.29 8,917.53 7.060%
546000019 19 LO Fresno CA 81,009.99 14,055.68 8.670%
502721401 20 MF Washington DC 64,358.21 8,175.40 7.140%
546000021 21 MF Scranton PA 63,652.14 7,248.46 7.012%
502723605 22 OF Long Beach CA 60,351.42 12,652.07 7.250%
502724302 23 MF Fremont CA 55,194.54 8,671.34 6.600%
502718702 24 LO Baton Rouge LA 60,553.64 20,005.68 7.500%
502718803 25 RT Hemet CA 60,747.31 6,329.79 7.600%
502715021 26 RT Upland CA 57,096.53 7,028.04 7.250%
546000027 27 IN Rochester Hills MI 59,631.35 18,610.66 7.940%
502722702 28 RT Elk Grove CA 57,129.92 6,481.26 7.375%
502716504 29 RT Perris CA 54,573.95 11,628.21 7.200%
546000030 30 MF Dallas TX 55,296.75 6,649.47 7.340%
546000031 31 MH Borrego Springs CA 54,546.51 6,358.24 7.310%
502730405 32 MF Salt Lake City UT 50,943.33 0.00 6.800%
546000033 33 MF Fayetteville NC 47,685.44 7,523.54 6.650%
546000034 34 RT Thousand Oaks CA 47,530.06 7,119.80 6.780%
546000035 35 RT San Diego CA 52,792.25 5,515.63 7.610%
546000036 36 OF San Diego CA 50,563.98 5,629.34 7.420%
546000037 37 OF Culver City CA 52,982.01 4,940.28 7.860%
502727906 38 RT Fuquay-Varina NC 46,181.21 6,453.30 6.890%
546000039 39 OF West Palm Beach FL 48,416.78 6,048.84 7.230%
502712503 40 RT Wantagh NY 45,354.37 10,380.43 6.980%
546000041 41 OF Washington DC 50,317.54 5,375.32 7.610%
502723516 42 MF Vallejo CA 41,491.61 6,785.75 6.500%
502715016 43 OF Bakersfield CA 46,163.15 5,682.25 7.250%
546000044 44 RT Encino CA 47,739.10 5,010.47 7.560%
546000045 45 IN Gastonia NC 47,616.08 14,860.76 7.940%
502715006 46 RT Santa Maria CA 43,126.10 5,308.42 7.250%
502723705 47 SS Columbia MD 42,698.87 8,394.75 7.360%
546000048 48 RT Midland MI 41,275.88 5,327.19 7.150%
502716702 49 MF Temple Terrace FL 42,048.54 4,917.37 7.375%
546000050 50 OF Las Vegas NV 41,530.89 5,066.27 7.400%
502704801 51 RT Fairfield CA 40,044.00 4,845.41 7.220%
546000052 52 OF Springfield MO 37,172.08 5,635.39 6.750%
546000053 53 MF Houston TX 38,939.89 5,166.57 7.120%
546000054 54 RT Orange CA 41,992.33 4,350.08 7.700%
546000055 55 MF West Valley City UT 39,554.72 8,201.28 7.455%
546000056 56 OF Escondido CA 38,627.90 4,563.07 7.300%
546000057 57 MU Reno NV 38,807.20 4,369.30 7.500%
546000058 58 MF Fullerton CA 36,765.02 4,689.43 7.130%
546000059 59 RT Tucson AZ 36,180.30 4,914.51 7.040%
546000060 60 OF Tucson AZ 34,838.95 5,006.36 6.900%
502729303 61 RT Boca Raton FL 35,248.72 4,669.43 7.000%
502720817 62 OF Boca Raton FL 32,595.21 8,094.09 6.730%
546000063 63 MF Tucson AZ 33,237.44 4,646.53 6.990%
502726905 64 RT Manchester CT 34,143.90 4,266.65 7.180%
546000065 65 MF Deerfield Beach FL 32,373.54 7,590.53 6.950%
546000066 66 RT Lake Oswego OR 36,219.63 3,617.98 7.770%
502719210 67 IN Maple Grove MN 34,478.19 3,790.48 7.450%
546000068 68 MF San Jose CA 32,359.42 4,269.17 7.010%
502691501 69 RT Des Moines IA 34,513.69 3,780.27 7.550%
546000070 70 RT Ft. Collins CO 35,394.55 3,505.81 7.790%
546000071 71 MF Olympia WA 32,649.43 3,836.22 7.380%
502703301 72 MF San Antonio TX 29,692.59 4,217.07 6.850%
546000073 73 RT Tucson AZ 31,804.83 3,645.81 7.440%
502715018 74 RT Oxnard CA 30,370.50 3,738.31 7.250%
546000075 75 MH Melbourne FL 28,315.12 4,054.16 6.830%
546000076 76 MH Solvang CA 30,269.47 3,528.38 7.310%
546000077 77 OF Rancho Santa Margarit CA 28,216.67 4,054.74 6.900%
502715007 78 OF Palm Springs CA 29,459.38 3,626.17 7.250%
502727003 79 MF Redlands CA 26,074.85 4,264.42 6.500%
546000080 80 MF Fallbrook CA 28,052.94 3,748.52 7.000%
546000081 81 MH Punta Gorda FL 28,968.95 3,348.76 7.330%
546000082 82 RT Phoenix AZ 28,994.38 5,534.98 7.500%
502709307 83 RT Richmond VA 29,697.09 3,003.94 7.670%
502728301 84 RT Alpharetta GA 27,066.39 3,357.32 7.160%
546000085 85 OF Colorado Springs CO 25,934.51 3,702.50 6.900%
546000086 86 MF Brookline MA 25,255.84 3,901.17 6.740%
502718703 87 RT Waynesboro PA 26,824.47 5,557.28 7.250%
546000088 88 OF Las Vegas NV 27,487.06 3,278.37 7.360%
502723711 89 RT Burbank CA 28,108.47 2,815.33 7.670%
546000090 90 OF Washington DC 27,027.98 5,145.45 7.570%
546000091 91 IN Various TX 25,223.89 3,312.50 7.162%
502717203 92 OF La Mirada CA 24,947.25 5,229.94 7.250%
546000093 93 MF Rochester MN 23,901.36 5,456.46 7.010%
502728206 94 RT Delray Beach FL 23,945.80 3,135.20 7.050%
546000095 95 MF Sacramento CA 22,031.23 5,695.47 6.650%
546000096 96 OF West Palm Beach FL 24,753.80 2,797.64 7.587%
502723703 97 IN Las Vegas NV 24,062.04 2,604.13 7.510%
546000098 98 RT Canoga Park CA 20,661.95 3,067.00 6.840%
546000099 99 IN North Las Vegas NV 22,466.45 2,681.79 7.420%
502724011 100 MF Bremerton WA 21,505.22 2,748.65 7.125%
502712803 101 RT Phoenix AZ 21,336.04 4,415.16 7.290%
546000102 102 IN Beltsville MD 21,182.55 2,474.45 7.450%
502706207 103 MF Worcester MA 21,670.37 2,394.62 7.625%
502724101 104 IN Warwick RI 21,036.13 3,864.38 7.680%
546000105 105 RT Council Bluffs IA 20,596.72 2,209.49 7.600%
502715017 106 OF Orange CA 19,121.24 4,008.58 7.250%
546000107 107 RT Parker CO 20,407.71 2,340.84 7.670%
502719209 108 IN Pembroke Pines FL 18,134.78 3,704.29 7.330%
502717406 109 RT Branson MO 16,744.61 10,725.90 7.300%
502711704 110 RT Chicago IL 18,928.10 1,890.34 7.700%
502721201 111 RT Chaska MN 17,230.69 3,407.19 7.430%
546000112 112 RT Prescott AZ 18,125.88 1,795.36 7.790%
546000113 113 RT Bremerton WA 16,445.78 1,884.22 7.390%
546000114 114 MF Seattle WA 15,282.98 2,006.00 7.060%
502725602 115 RT Memphis TN 16,483.50 1,547.89 7.820%
546000116 116 MF Seneca SC 14,551.40 1,947.76 7.060%
502719301 117 MF Natchez MS 14,745.96 1,875.23 7.170%
546000118 118 MU Las Vegas NV 15,642.26 1,554.99 7.765%
546000119 119 RT Sugar Land TX 15,279.37 1,666.42 7.600%
546000120 120 MF Sacramento CA 13,088.16 2,078.26 6.650%
546000121 121 OF Boca Raton FL 14,999.87 1,516.51 7.725%
546000122 122 MH Hemet CA 11,860.60 8,337.89 6.980%
546000123 123 RT Lynchburg VA 13,704.54 1,597.06 7.400%
546000124 124 IN Pasadena CA 13,384.67 1,605.25 7.330%
502717409 125 RT Stockbridge GA 13,346.84 3,175.31 7.500%
546000126 126 OF Corvallis OR 13,665.34 5,718.52 8.400%
546000127 127 MU San Francisco CA 13,486.89 2,347.46 7.730%
546000128 128 MF Tacoma WA 11,890.83 1,767.01 6.800%
546000129 129 RT Pasadena CA 13,590.97 1,154.10 8.050%
502724001 130 MF Boca Raton FL 11,659.92 2,038.61 7.020%
546000131 131 RT Henderson NV 12,307.49 1,309.61 7.603%
546000132 132 MF Phoenix AZ 12,451.05 1,269.29 7.860%
546000133 133 MU Redmond WA 11,856.64 1,288.60 7.500%
502701103 134 MF Ontario CA 10,729.75 2,191.70 7.330%
546000135 135 OF Tampa FL 10,628.66 1,223.08 7.470%
502707204 136 MH Waxahachie TX 10,213.05 1,175.56 7.430%
546000137 137 IN Various WA 8,713.22 5,217.23 7.750%
546000138 138 MF Carmichael CA 7,894.44 1,253.56 6.650%
546000139 139 MF Puyallup WA 8,589.49 1,025.95 7.340%
546000140 140 MF Tacoma WA 8,454.22 1,009.79 7.340%
502701102 141 MF Ontario CA 7,405.04 1,512.58 7.330%
546000142 142 RT Arlington TX 6,986.82 2,539.82 7.330%
546000143 143 RT League City TX 7,106.04 1,879.27 7.650%
546000144 144 IN Orlando FL 6,809.74 806.44 7.400%
546000145 145 RT Westwood KS 7,181.44 1,157.91 8.450%
546000146 146 MF Fargo ND 6,347.22 713.53 7.600%
502686901 147 IN Lakewood NJ 7,373.07 950.52 8.900%
546000148 148 RT West Valley City UT 5,104.91 1,096.15 8.050%
546000149 149 IN Del Mar CA 4,514.80 1,946.49 8.400%
546000150 150 OF Fresno CA 4,715.76 478.66 8.350%
546000151 151 RT Methuen MA 4,261.58 1,056.59 7.900%
546000153 153 MU Renton WA 3,672.31 1,805.73 7.500%
546000154 154 RT St. Louis MO 3,178.18 3,310.91 7.500%
546000155 155 MU Roslyn Village NY 3,395.90 453,290.10 8.700%
546000156 156 RT Bellaire TX 2,053.98 2,109.25 7.650%
Totals 5,806,652.62 1,306,132.67
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>
502727207 04/01/2012 04/01/2032 N 27,793,699.81 27,772,889.08 02/01/2005
502723005 N/A 03/01/2007 N 26,538,864.88 26,518,775.83 02/01/2005
502715310 N/A 05/01/2012 N 24,906,381.63 24,888,411.93 02/01/2005
546000004 N/A 12/01/2006 N 21,971,617.81 21,955,654.44 02/01/2005
546000005 N/A 04/01/2011 N 19,598,566.77 19,582,793.78 02/01/2005
502722104 N/A 03/01/2012 N 18,506,614.17 18,492,354.66 02/01/2005
502716604 N/A 03/01/2012 N 17,510,518.54 17,496,283.68 02/01/2005
502719801 N/A 02/01/2012 N 17,038,007.58 17,025,301.39 02/01/2005
546000009 N/A 01/01/2012 N 16,792,410.37 16,780,721.96 02/01/2005
546000010 N/A 10/11/2021 N 14,676,980.00 14,645,661.31 02/11/2005
546000011 N/A 03/11/2012 N 14,942,052.26 14,930,224.22 02/11/2005
546000012 N/A 04/01/2011 N 14,624,882.71 14,613,221.71 02/01/2005
546000013 N/A 12/01/2011 N 12,617,565.45 12,607,364.66 02/01/2005
502719202 N/A 05/01/2007 N 12,392,977.47 12,383,628.56 02/01/2005
546000015 N/A 10/11/2011 N 12,241,553.88 12,228,193.84 02/11/2005
502721404 N/A 04/01/2012 N 11,809,138.71 11,800,611.21 02/01/2005
546000017 N/A 11/01/2011 N 11,634,152.85 11,624,638.93 02/01/2005
546000018 N/A 05/11/2012 N 11,348,617.03 11,339,699.50 02/11/2005
546000019 N/A 09/01/2009 N 10,850,763.86 10,836,708.18 02/01/2005
502721401 N/A 03/01/2012 N 10,467,586.63 10,459,411.23 02/01/2005
546000021 N/A 12/01/2011 N 10,541,731.01 10,534,482.55 02/01/2005
502723605 N/A 12/01/2009 N 9,666,968.74 9,654,316.67 02/01/2005
502724302 N/A 04/01/2012 N 9,711,649.35 9,702,978.01 02/01/2005
502718702 N/A 04/01/2012 N 9,376,047.29 9,356,041.61 02/01/2005
502718803 N/A 04/01/2012 N 9,282,272.00 9,275,942.21 02/01/2005
502715021 N/A 12/01/2009 N 9,145,607.33 9,138,579.29 02/01/2005
546000027 N/A 10/11/2021 N 8,721,575.64 8,702,964.98 02/11/2005
502722702 N/A 05/01/2012 N 8,995,854.04 8,989,372.78 02/01/2005
502716504 N/A 02/01/2012 N 8,802,250.17 8,790,621.96 02/01/2005
546000030 N/A 12/11/2006 N 8,748,716.44 8,742,066.97 01/11/2005
546000031 N/A 05/01/2012 N 8,665,436.29 8,659,078.05 02/01/2005
502730405 N/A 04/01/2012 N 8,700,000.00 8,700,000.00 02/01/2005
546000033 N/A 01/01/2012 N 8,327,313.47 8,319,789.93 01/01/2005
546000034 N/A 01/01/2012 N 8,141,032.55 8,133,912.75 02/01/2005
546000035 N/A 03/11/2012 N 8,056,127.87 8,050,612.24 02/11/2005
546000036 N/A 05/11/2012 N 7,913,673.97 7,908,044.63 02/11/2005
546000037 N/A 04/01/2012 N 7,827,925.24 7,822,984.96 02/01/2005
502727906 N/A 04/01/2012 N 7,783,714.20 7,777,260.90 02/01/2005
546000039 N/A 01/01/2012 N 7,776,755.51 7,770,706.67 02/01/2005
502712503 N/A 02/01/2012 N 7,545,786.28 7,535,405.85 02/01/2005
546000041 N/A 01/11/2012 N 7,678,485.20 7,673,109.88 02/11/2005
502723516 N/A 04/01/2012 N 7,412,893.26 7,406,107.51 02/01/2005
502715016 N/A 12/01/2009 N 7,394,320.69 7,388,638.44 02/01/2005
546000044 N/A 05/11/2012 N 7,333,195.13 7,328,184.66 01/11/2005
546000045 N/A 10/11/2021 N 6,964,242.83 6,949,382.07 02/11/2005
502715006 N/A 12/01/2009 N 6,907,852.14 6,902,543.72 02/01/2005
502723705 N/A 05/01/2012 N 6,737,198.94 6,728,804.19 02/01/2005
546000048 N/A 01/01/2012 N 6,703,954.48 6,698,627.29 02/01/2005
502716702 N/A 02/01/2012 N 6,621,092.90 6,616,175.53 01/01/2005
546000050 N/A 07/01/2011 N 6,517,489.89 6,512,423.62 02/01/2005
502704801 N/A 05/01/2012 N 6,440,818.48 6,435,973.07 02/01/2005
546000052 N/A 01/01/2012 N 6,395,197.13 6,389,561.74 02/01/2005
546000053 N/A 11/01/2011 N 6,351,196.82 6,346,030.25 02/01/2005
546000054 N/A 12/01/2011 N 6,333,153.99 6,328,803.91 02/01/2005
546000055 N/A 07/01/2011 N 6,161,571.07 6,153,369.79 02/01/2005
546000056 N/A 04/01/2012 N 6,144,960.08 6,140,397.01 02/01/2005
546000057 N/A 12/01/2011 N 6,008,856.03 6,004,486.73 02/01/2005
546000058 N/A 03/11/2012 N 5,988,058.53 5,983,369.10 02/11/2005
546000059 N/A 12/01/2011 N 5,968,158.67 5,963,244.16 02/01/2005
546000060 N/A 12/01/2011 N 5,863,498.45 5,858,492.09 02/01/2005
502729303 N/A 05/01/2012 N 5,847,714.01 5,843,044.58 02/01/2005
502720817 N/A 02/01/2012 N 5,624,442.34 5,616,348.25 02/01/2005
546000063 N/A 11/01/2011 N 5,521,933.89 5,517,287.36 02/01/2005
502726905 N/A 03/01/2012 N 5,522,420.39 5,518,153.74 02/01/2005
546000065 N/A 12/11/2011 N 5,409,363.69 5,401,773.16 01/11/2005
546000066 N/A 01/01/2012 N 5,413,320.57 5,409,702.59 02/01/2005
502719210 N/A 05/01/2012 N 5,374,387.82 5,370,597.34 02/01/2005
546000068 N/A 05/01/2012 N 5,360,724.41 5,356,455.24 02/01/2005
502691501 N/A 01/01/2012 N 5,308,664.31 5,304,884.04 02/01/2005
546000070 N/A 01/01/2012 N 5,276,424.40 5,272,918.59 02/01/2005
546000071 N/A 01/01/2012 N 5,137,597.20 5,133,760.98 02/01/2005
502703301 N/A 04/01/2012 N 5,033,827.41 5,029,610.34 02/01/2005
546000073 N/A 01/01/2012 N 4,964,333.02 4,960,687.21 02/01/2005
502715018 N/A 12/01/2009 N 4,864,684.87 4,860,946.56 02/01/2005
546000075 N/A 04/11/2012 N 4,814,358.67 4,810,304.51 02/11/2005
546000076 N/A 05/01/2012 N 4,808,706.83 4,805,178.45 02/01/2005
546000077 N/A 12/11/2011 N 4,748,949.13 4,744,894.39 02/11/2005
502715007 N/A 12/01/2009 N 4,718,744.15 4,715,117.98 02/01/2005
502727003 N/A 04/01/2012 N 4,658,534.58 4,654,270.16 02/01/2005
546000080 N/A 04/01/2007 N 4,653,944.51 4,650,195.99 02/01/2005
546000081 N/A 05/11/2007 N 4,589,544.05 4,586,195.29 02/11/2005
546000082 N/A 03/11/2012 N 4,489,451.85 4,483,916.87 01/11/2005
502709307 N/A 04/01/2012 N 4,496,342.44 4,493,338.50 02/01/2005
502728301 N/A 05/01/2012 N 4,389,934.52 4,386,577.20 02/01/2005
546000085 N/A 01/01/2012 N 4,364,854.86 4,361,152.36 02/01/2005
546000086 N/A 11/01/2011 N 4,351,537.97 4,347,636.80 02/01/2005
502718703 N/A 03/01/2012 N 4,296,690.04 4,291,132.76 02/01/2005
546000088 N/A 12/01/2011 N 4,337,018.09 4,333,739.72 02/01/2005
502723711 N/A 05/01/2007 N 4,255,814.66 4,252,999.33 02/01/2005
546000090 N/A 01/01/2012 N 4,146,279.15 4,141,133.70 02/01/2005
546000091 N/A 10/01/2011 N 4,089,954.64 4,086,642.14 02/01/2005
502717203 N/A 12/01/2009 N 3,995,999.24 3,990,769.30 02/01/2005
546000093 N/A 01/01/2007 N 3,959,545.90 3,954,089.44 02/01/2005
502728206 N/A 04/01/2012 N 3,944,401.23 3,941,266.03 02/01/2005
546000095 N/A 12/01/2011 N 3,847,317.29 3,841,621.82 02/01/2005
546000096 N/A 07/01/2011 N 3,788,895.90 3,786,098.26 02/01/2005
502723703 N/A 04/01/2012 N 3,720,774.93 3,718,170.80 02/01/2005
546000098 N/A 11/01/2011 N 3,507,971.56 3,504,904.56 02/01/2005
546000099 N/A 09/01/2011 N 3,516,182.65 3,513,500.86 02/01/2005
502724011 N/A 03/01/2012 N 3,505,095.19 3,502,346.54 02/01/2005
502712803 N/A 02/01/2012 N 3,398,811.40 3,394,396.24 01/01/2005
546000102 N/A 10/01/2011 N 3,301,891.75 3,299,417.30 02/01/2005
502706207 N/A 08/01/2011 N 3,300,404.98 3,298,010.36 02/01/2005
502724101 N/A 01/10/2012 N 3,180,866.08 3,177,001.70 02/10/2005
546000105 N/A 01/01/2012 N 3,147,206.32 3,144,996.83 02/01/2005
502715017 N/A 12/01/2009 N 3,062,801.95 3,058,793.37 02/01/2005
546000107 N/A 02/01/2011 N 3,089,866.34 3,087,525.50 02/01/2005
502719209 N/A 02/01/2012 N 2,873,089.53 2,869,385.24 02/01/2005
502717406 N/A 03/01/2010 N 2,663,747.09 2,653,021.19 02/01/2005
502711704 N/A 04/01/2012 N 2,854,677.77 2,852,787.43 02/01/2005
502721201 N/A 02/01/2012 N 2,693,113.34 2,689,706.15 02/01/2005
546000112 N/A 01/01/2012 N 2,702,106.82 2,700,311.46 02/01/2005
546000113 N/A 03/01/2012 N 2,584,346.51 2,582,462.29 02/01/2005
546000114 N/A 03/01/2012 N 2,513,877.04 2,511,871.04 02/01/2005
502725602 N/A 05/01/2012 N 2,447,841.96 2,446,294.07 02/01/2005
546000116 N/A 01/01/2012 N 2,393,541.46 2,391,593.70 02/01/2005
502719301 N/A 02/01/2012 N 2,388,332.32 2,386,457.09 02/01/2005
546000118 N/A 02/01/2012 N 2,339,369.92 2,337,814.93 02/01/2005
546000119 N/A 11/01/2011 N 2,334,707.94 2,333,041.52 02/01/2005
546000120 N/A 12/01/2011 N 2,285,586.28 2,283,508.02 02/01/2005
546000121 N/A 02/01/2012 N 2,254,913.12 2,253,396.61 02/01/2005
546000122 N/A 01/11/2012 N 1,973,295.05 1,964,957.16 02/11/2005
546000123 N/A 01/01/2012 N 2,150,668.12 2,149,071.06 02/01/2005
546000124 N/A 01/01/2012 N 2,120,529.88 2,118,924.63 02/01/2005
502717409 N/A 03/01/2012 N 2,066,607.08 2,063,431.77 02/01/2005
546000126 N/A 08/01/2019 N 1,952,191.21 1,946,472.69 02/01/2005
546000127 N/A 05/01/2012 N 2,026,156.43 2,023,808.97 02/01/2005
546000128 N/A 01/01/2012 N 2,030,692.28 2,028,925.27 02/01/2005
546000129 N/A 05/01/2012 N 1,960,628.38 1,959,474.28 02/01/2005
502724001 N/A 02/01/2012 N 1,928,854.19 1,926,815.58 02/01/2005
546000131 N/A 02/01/2012 N 1,879,858.89 1,878,549.28 02/01/2005
546000132 N/A 06/01/2011 N 1,839,603.88 1,838,334.59 02/01/2005
546000133 N/A 04/01/2012 N 1,835,867.55 1,834,578.95 01/01/2005
502701103 N/A 02/01/2012 N 1,699,911.29 1,697,719.59 02/01/2005
546000135 N/A 11/01/2011 N 1,652,337.20 1,651,114.12 02/01/2005
502707204 N/A 01/01/2012 N 1,596,273.36 1,595,097.80 02/01/2005
546000137 N/A 11/01/2008 N 1,305,622.26 1,300,405.03 02/01/2005
546000138 N/A 12/01/2011 N 1,378,607.55 1,377,353.99 02/01/2005
546000139 N/A 01/01/2012 N 1,358,976.46 1,357,950.51 02/01/2005
546000140 N/A 01/01/2012 N 1,337,575.49 1,336,565.70 02/01/2005
502701102 N/A 02/01/2012 N 1,173,178.26 1,171,665.68 02/01/2005
546000142 N/A 03/01/2022 N 1,106,920.13 1,104,380.31 02/01/2005
546000143 N/A 08/01/2008 N 1,078,715.78 1,076,836.51 02/01/2005
546000144 N/A 11/01/2011 N 1,068,659.61 1,067,853.17 02/01/2005
546000145 N/A 12/01/2010 N 986,951.71 985,793.80 02/01/2005
546000146 N/A 07/01/2011 N 969,863.50 969,149.97 02/01/2005
502686901 N/A 08/01/2011 N 962,053.51 961,102.99 02/01/2005
546000148 N/A 06/01/2009 N 736,433.23 735,337.08 02/01/2005
546000149 N/A 05/01/2019 N 644,971.46 643,024.97 02/01/2005
546000150 N/A 08/01/2009 N 655,852.52 655,373.86 02/01/2005
546000151 N/A 07/01/2008 N 626,446.89 625,390.30 02/01/2005
546000153 N/A 10/01/2008 N 568,615.33 566,809.60 02/01/2005
546000154 N/A 01/01/2014 N 508,508.26 505,197.35 02/01/2005
546000155 N/A 08/01/2009 N 453,290.10 0.00 02/01/2005
546000156 N/A 12/01/2013 N 322,192.98 320,083.73 02/01/2005
Totals 922,344,276.61 921,038,143.94
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
Loan Number Offering Principal Prepayment Amount Prepayment Penalties
Document Payoff Curtailment Prepayment Yield Maintenance
Cross-Reference Amount Amount Premium Premium
<s> <c> <c> <c> <c> <c>
546000155 155 452,151.30 0.00 0.00 87,812.27
Totals 452,151.30 0.00 0.00 87,812.27
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>
02/15/2005 0 $0.00 0 $0.00 0 $0.00
01/18/2005 1 $3,300,404.98 0 $0.00 0 $0.00
12/15/2004 0 $0.00 1 $4,818,389.13 0 $0.00
11/15/2004 0 $0.00 0 $0.00 0 $0.00
10/15/2004 0 $0.00 0 $0.00 0 $0.00
09/15/2004 0 $0.00 0 $0.00 0 $0.00
08/16/2004 0 $0.00 0 $0.00 0 $0.00
07/15/2004 0 $0.00 0 $0.00 0 $0.00
06/15/2004 0 $0.00 0 $0.00 0 $0.00
05/17/2004 0 $0.00 0 $0.00 0 $0.00
04/15/2004 0 $0.00 0 $0.00 0 $0.00
03/15/2004 0 $0.00 0 $0.00 0 $0.00
Distribution Foreclosure REO Modifications
Date # Balance # Balance # Balance
<s> <c> <c> <c> <c> <c> <c>
02/15/2005 0 $0.00 0 $0.00 0 $0.00
01/18/2005 0 $0.00 0 $0.00 0 $0.00
12/15/2004 0 $0.00 0 $0.00 0 $0.00
11/15/2004 0 $0.00 0 $0.00 0 $0.00
10/15/2004 0 $0.00 0 $0.00 0 $0.00
09/15/2004 0 $0.00 0 $0.00 0 $0.00
08/16/2004 0 $0.00 0 $0.00 0 $0.00
07/15/2004 0 $0.00 0 $0.00 0 $0.00
06/15/2004 0 $0.00 0 $0.00 0 $0.00
05/17/2004 0 $0.00 0 $0.00 0 $0.00
04/15/2004 0 $0.00 0 $0.00 0 $0.00
03/15/2004 0 $0.00 0 $0.00 0 $0.00
Prepayments Rate and Maturities
Distribution Curtailments Payoff Next Weighted Avg. WAM
Date # Amount # Amount Coupon Remit
<s> <c> <c> <c> <c> <c> <c> <c>
02/15/2005 0 $0.00 1 $452,151.30 7.311213% 7.251733% 80
01/18/2005 0 $0.00 0 $0.00 7.311929% 7.252453% 81
12/15/2004 0 $0.00 0 $0.00 7.311963% 7.252487% 82
11/15/2004 0 $0.00 0 $0.00 7.312000% 7.252525% 83
10/15/2004 0 $0.00 0 $0.00 7.312033% 7.252559% 84
09/15/2004 0 $0.00 0 $0.00 7.312070% 7.252596% 85
08/16/2004 0 $0.00 0 $0.00 7.312102% 7.252629% 86
07/15/2004 0 $0.00 0 $0.00 7.312133% 7.252661% 87
06/15/2004 0 $0.00 0 $0.00 7.312169% 7.252697% 88
05/17/2004 0 $0.00 1 $621,796.67 7.312200% 7.252729% 89
04/15/2004 0 $0.00 0 $0.00 7.312527% 7.253061% 90
03/15/2004 0 $0.00 0 $0.00 7.312557% 7.253092% 91
<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>
546000030 30 0 01/11/2005 61,581.70 61,581.70 A
546000033 33 0 01/01/2005 54,619.12 54,619.12 A
546000044 44 0 01/11/2005 52,444.03 52,444.03 A
502716702 49 0 01/01/2005 46,690.03 46,690.03 B
546000065 65 0 01/11/2005 39,738.67 39,738.67 A
546000082 82 0 01/11/2005 34,342.30 34,342.30 A
502712803 101 0 01/01/2005 25,609.58 25,609.58 B
546000133 133 0 01/01/2005 13,068.74 13,068.74 B
Totals 8 328,094.17 328,094.17
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>
546000030 8,748,716.44 0.00
546000033 8,327,313.47 0.00
546000044 7,333,195.13 0.00
502716702 6,621,092.90 0.00
546000065 5,409,363.69 0.00
546000082 4,489,451.85 0.00
502712803 3,398,811.40 0.00
546000133 1,835,867.55 0.00
Totals 46,163,812.43 0.00
Current Outstanding Actual Outstanding
P & I P & I Principal Servicing
Advances Advances** Balance Advances
<s> <c> <c> <c> <c>
Totals By Delinquency Code:
Total for Status Code = A (5 loans) 242,725.82 242,725.82 34,308,040.58 0.00
Total for Status Code = B (3 loans) 85,368.35 85,368.35 11,855,771.85 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