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.: 333-83930-02
Wachovia Commercial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2002-C2
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
52-2383394
52-2383395
54-6509082
(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-C2.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial Mortgage
Pass-Through Certificates, Series 2002-C2, relating to the
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-C2
(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-C2,
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-C2
For Additional Information, please contact
CTSLink Customer Service
(301) 815-6600
Reports Available on the World Wide Web
@ www.ctslink.com/cmbs
Payment Date: 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 - 14
Principal Prepayment Detail 15
Historical Detail 16
Delinquency Loan Detail 17 - 18
Specially Serviced Loan Detail 19 - 20
Modified Loan Detail 21
Liquidated Loan Detail 22
Depositor
Wachovia Commercial Mortgage Securities, Inc.
301 South College Street
Charlotte, NC 28288-1016
Contact: Tim Steward
Phone Number: (704) 593-7822
Master Servicer
Wachovia Bank, National Association
8739 Research Drive
URP 4, NC1075
Charlotte, NC 28262
Contact: Timothy S. Ryan
Phone Number: (704) 593-7878
Special Servicer
Lend Lease Asset Management, LP
700 N. Pearl Street
Suite 1900
Dallas, TX 75201-7424
Contact: Michael O'Hanlon
Phone Number: (214) 999-7009
This report has been compiled from information provided to
Wells Fargo Bank, N.A. by various third parties, which may
include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A. has not independently confirmed the
accuracy of information received from these third parties and
assumes no duty to do so. Wells Fargo Bank, N.A. expressly
disclaims any responsibility for the accuracy or completeness
of information furnished by third parties.
Copyright 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 929766BH5 3.002000% 36,056,000.00 21,151,919.51 460,610.57 52,915.05
A-2 929766BJ1 4.043000% 80,000,000.00 70,405,741.78 296,510.52 237,208.68
A-3 929766CR2 4.440000% 88,219,000.00 88,219,000.00 0.00 326,410.30
A-4 929766CS0 4.980000% 471,716,000.00 471,716,000.00 0.00 1,957,621.40
B 929766BK8 5.126000% 32,815,000.00 32,815,000.00 0.00 140,174.74
C 929766BL6 5.215000% 10,939,000.00 10,939,000.00 0.00 47,539.07
D 929766BM4 5.274000% 28,439,000.00 28,439,000.00 0.00 124,989.41
E 929766BN2 5.373000% 8,751,000.00 8,751,000.00 0.00 39,182.60
F 929766BP7 5.719000% 10,938,000.00 10,938,000.00 0.00 52,128.69
G 929766BQ5 5.768000% 15,314,000.00 15,314,000.00 0.00 73,609.29
H 929766BR3 6.113000% 13,126,000.00 13,126,000.00 0.00 66,866.03
J 929766BS1 4.942000% 16,408,000.00 16,408,000.00 0.00 67,573.61
K 929766BT9 4.942000% 15,313,000.00 15,313,000.00 0.00 63,064.04
L 929766BU6 4.942000% 4,376,000.00 4,376,000.00 0.00 18,021.83
M 929766BV4 4.942000% 8,751,000.00 8,751,000.00 0.00 36,039.54
N 929766BW2 4.942000% 7,656,000.00 7,656,000.00 0.00 31,529.96
O 929766BX0 4.942000% 6,165,000.00 6,165,000.00 0.00 25,389.53
P 929766CP6 4.942000% 20,087,992.76 20,087,992.76 0.00 82,729.05
Z N/A 0.000000% 0.00 0.00 0.00 0.00
R-I N/A 0.000000% 0.00 0.00 0.00 0.00
R-II N/A 0.000000% 0.00 0.00 0.00 0.00
Totals 875,069,992.76 850,571,654.05 757,121.09 3,442,992.82
Class CUSIP Prepayment Realized Loss/ Total Ending Current
Penalties Additional Trust Distribution Balance Subordination
Fund Expenses Level (1)
<s> <c> <c> <c> <c> <c> <c>
A-1 929766BH5 0.00 0.00 513,525.62 20,691,308.94 23.43%
A-2 929766BJ1 0.00 0.00 533,719.20 70,109,231.26 23.43%
A-3 929766CR2 0.00 0.00 326,410.30 88,219,000.00 23.43%
A-4 929766CS0 0.00 0.00 1,957,621.40 471,716,000.00 23.43%
B 929766BK8 0.00 0.00 140,174.74 32,815,000.00 19.56%
C 929766BL6 0.00 0.00 47,539.07 10,939,000.00 18.28%
D 929766BM4 0.00 0.00 124,989.41 28,439,000.00 14.93%
E 929766BN2 0.00 0.00 39,182.60 8,751,000.00 13.90%
F 929766BP7 0.00 0.00 52,128.69 10,938,000.00 12.61%
G 929766BQ5 0.00 0.00 73,609.29 15,314,000.00 10.81%
H 929766BR3 0.00 0.00 66,866.03 13,126,000.00 9.27%
J 929766BS1 0.00 0.00 67,573.61 16,408,000.00 7.34%
K 929766BT9 0.00 0.00 63,064.04 15,313,000.00 5.53%
L 929766BU6 0.00 0.00 18,021.83 4,376,000.00 5.02%
M 929766BV4 0.00 0.00 36,039.54 8,751,000.00 3.99%
N 929766BW2 0.00 0.00 31,529.96 7,656,000.00 3.09%
O 929766BX0 0.00 0.00 25,389.53 6,165,000.00 2.36%
P 929766CP6 0.00 0.00 82,729.05 20,087,992.76 0.00%
Z N/A 0.00 0.00 0.00 0.00 0.00%
R-I N/A 0.00 0.00 0.00 0.00 0.00%
R-II N/A 0.00 0.00 0.00 0.00 0.00%
Totals 0.00 0.00 4,200,113.91 849,814,532.96
Class CUSIP Pass-Through Original Beginning Interest
Rate Notional Notional Distribution
Amount Amount
<s> <c> <c> <c> <c> <c>
IO-I 929766BY8 0.342613% 875,069,992.76 850,571,654.05 242,847.72
IO-II 929766BZ5 1.587571% 488,120,000.01 396,666,000.00 524,779.50
IO-III 929766CA9 1.367757% 336,495,000.00 336,495,000.00 383,536.25
Class CUSIP Prepayment Total Ending
Penalties Distribution Notional
Amount
<s> <c> <c> <c> <c>
IO-I 929766BY8 0.00 242,847.72 849,814,532.96
IO-II 929766BZ5 0.00 524,779.50 396,666,000.00
IO-III 929766CA9 0.00 383,536.25 336,495,000.00
<FN>
(1) Calculated by taking (A) the sum of the ending certificate balance of all
classes less (B) the sum of (i) the ending certificate balance of the designated
class and (ii) the ending certificate balance of all classes which are not
subordinate to the designated class and dividing the result by (A).
</FN>
Certificate Factor Detail
Class CUSIP Beginning Principal Interest Prepayment Realized Loss/ Ending
Balance Distribution Distribution Penalties Additional Balance
Trust Fund
Expenses
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 929766BH5 586.64076742 12.77486604 1.46757960 0.00000000 0.00000000 573.86590138
A-2 929766BJ1 880.07177225 3.70638150 2.96510850 0.00000000 0.00000000 876.36539075
A-3 929766CR2 1,000.00000000 0.00000000 3.70000000 0.00000000 0.00000000 1,000.00000000
A-4 929766CS0 1,000.00000000 0.00000000 4.15000000 0.00000000 0.00000000 1,000.00000000
B 929766BK8 1,000.00000000 0.00000000 4.27166662 0.00000000 0.00000000 1,000.00000000
C 929766BL6 1,000.00000000 0.00000000 4.34583326 0.00000000 0.00000000 1,000.00000000
D 929766BM4 1,000.00000000 0.00000000 4.39500018 0.00000000 0.00000000 1,000.00000000
E 929766BN2 1,000.00000000 0.00000000 4.47749971 0.00000000 0.00000000 1,000.00000000
F 929766BP7 1,000.00000000 0.00000000 4.76583379 0.00000000 0.00000000 1,000.00000000
G 929766BQ5 1,000.00000000 0.00000000 4.80666645 0.00000000 0.00000000 1,000.00000000
H 929766BR3 1,000.00000000 0.00000000 5.09416654 0.00000000 0.00000000 1,000.00000000
J 929766BS1 1,000.00000000 0.00000000 4.11833313 0.00000000 0.00000000 1,000.00000000
K 929766BT9 1,000.00000000 0.00000000 4.11833344 0.00000000 0.00000000 1,000.00000000
L 929766BU6 1,000.00000000 0.00000000 4.11833410 0.00000000 0.00000000 1,000.00000000
M 929766BV4 1,000.00000000 0.00000000 4.11833390 0.00000000 0.00000000 1,000.00000000
N 929766BW2 1,000.00000000 0.00000000 4.11833333 0.00000000 0.00000000 1,000.00000000
O 929766BX0 1,000.00000000 0.00000000 4.11833414 0.00000000 0.00000000 1,000.00000000
P 929766CP6 1,000.00000000 0.00000000 4.11833332 0.00000000 0.00000000 1,000.00000000
Z N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Class CUSIP Beginning Interest Prepayment Ending
Notional Distribution Penalties Notional
Amount Amount
<s> <c> <c> <c> <c> <c>
IO-I 929766BY8 972.00413805 0.27751805 0.00000000 971.13892602
IO-II 929766BZ5 812.64033433 1.07510346 0.00000000 812.64033433
IO-III 929766CA9 1,000.00000000 1.13979777 0.00000000 1,000.00000000
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 1,751,230.95
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 29,987.83
Less Delinquent Servicing Fees 9,390.85
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 106.89
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 20,703.87
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 52,915.05 0.00 0.00 52,915.05 0.00
A-2 237,208.68 0.00 0.00 237,208.68 0.00
A-3 326,410.30 0.00 0.00 326,410.30 0.00
A-4 1,957,621.40 0.00 0.00 1,957,621.40 0.00
IO-I 242,847.72 0.00 0.00 242,847.72 0.00
IO-II 524,779.50 0.00 0.00 524,779.50 0.00
IO-III 383,536.25 0.00 0.00 383,536.25 0.00
B 140,174.74 0.00 0.00 140,174.74 0.00
C 47,539.07 0.00 0.00 47,539.07 0.00
D 124,989.41 0.00 0.00 124,989.41 0.00
E 39,182.60 0.00 0.00 39,182.60 0.00
F 52,128.69 0.00 0.00 52,128.69 0.00
G 73,609.29 0.00 0.00 73,609.29 0.00
H 66,866.03 0.00 0.00 66,866.03 0.00
J 67,573.61 0.00 0.00 67,573.61 0.00
K 63,064.04 0.00 0.00 63,064.04 0.00
L 18,021.83 0.00 0.00 18,021.83 0.00
M 36,039.54 0.00 0.00 36,039.54 0.00
N 31,529.96 0.00 0.00 31,529.96 0.00
O 25,389.53 0.00 0.00 25,389.53 0.00
P 82,729.05 0.00 0.00 82,729.05 0.00
Total 4,594,156.29 0.00 0.00 4,594,156.29 0.00
Class Additional Interest Remaining Unpaid
Trust Fund Distribution Distributable
Expenses Certificate Interest
<s> <c> <c> <c>
A-1 0.00 52,915.05 0.00
A-2 0.00 237,208.68 0.00
A-3 0.00 326,410.30 0.00
A-4 0.00 1,957,621.40 0.00
IO-I 0.00 242,847.72 0.00
IO-II 0.00 524,779.50 0.00
IO-III 0.00 383,536.25 0.00
B 0.00 140,174.74 0.00
C 0.00 47,539.07 0.00
D 0.00 124,989.41 0.00
E 0.00 39,182.60 0.00
F 0.00 52,128.69 0.00
G 0.00 73,609.29 0.00
H 0.00 66,866.03 0.00
J 0.00 67,573.61 0.00
K 0.00 63,064.04 0.00
L 0.00 18,021.83 0.00
M 0.00 36,039.54 0.00
N 0.00 31,529.96 0.00
O 0.00 25,389.53 0.00
P 0.00 82,729.05 691.79
Total 0.00 4,594,156.29 691.79
Other Required Information
<s> <c>
Available Distribution Amount (1) 5,351,277.38
Aggregate Number of Outstanding Loans 103
Aggregate Stated Principal Balance of Loans Before Distribution 850,571,654.05
Aggregate Stated Principal Balance of Loans After Distribution 849,814,532.96
Aggregate Unpaid Principal Balance of Loans 850,073,047.15
Aggregate Amount of Servicing Fee 20,703.87
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 1,984.67
Aggregate Trust Fund Expenses 0.00
Interest Reserve Deposit 154,204.29
Interest Reserve Withdrawal 0.00
Specially Serviced Loans not Delinquent
Number of Outstanding Loans 0
Aggregate Unpaid Principal Balance 0.00
<fn>
(1) The Available Distribution Amount includes any Prepayment Premiums.
</fn>
Appraisal Reduction Amount
None
Cash Reconciliation Detail
<s> <c>
Total Funds Collected
Interest:
Scheduled Interest 4,780,333.09
Interest reductions due to Nonrecoverability Determinations 0.00
Interest Adjustments 0.00
Deferred Interest 0.00
Net Prepayment Interest Shortfall 0.00
Net Prepayment Interest Excess 0.00
Extension Interest 0.00
Interest Reserve Withdrawal 0.00
Total Interest Collected 4,780,333.09
Principal:
Scheduled Principal 757,121.09
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 757,121.09
Other:
Prepayment Penalties/Yield Maintenance 0.00
Repayment Fees 0.00
Borrower Option Extension Fees 0.00
Equity Payments Received 0.00
Net Swap Counterparty Payments Received 0.00
Total Other Collected: 0.00
Total Funds Collected 5,537,454.18
Total Funds Distributed
Fees:
Master Servicing Fee 29,987.83
Trustee Fee 1,984.67
Certificate Administration Fee 0.00
Insurer Fee 0.00
Miscellaneous Fee 0.00
Total Fees 31,972.50
Additional Trust Fund Expenses:
Reimbursement for Interest on Advances 0.00
ASER Amount 0.00
Special Servicing Fee 0.00
Rating Agency Expenses 0.00
Attorney Fees & Expenses 0.00
Bankruptcy Expense 0.00
Taxes Imposed on Trust Fund 0.00
Non-Recoverable Advances 0.00
Other Expenses 0.00
Total Additional Trust Fund Expenses 0.00
Interest Reserve Deposit 154,204.29
Payments to Certificateholders & Others:
Interest Distribution 4,594,156.29
Principal Distribution 757,121.09
Prepayment Penalties/Yield Maintenance 0.00
Borrower Option Extension Fees 0.00
Equity Payments Paid 0.00
Net Swap Counterparty Payments Paid 0.00
Total Payments to Certificateholders & Others 5,351,277.38
Total Funds Distributed 5,537,454.17
Ratings Detail
Class CUSIP Original Ratings Current Ratings (1)
Fitch Moody's S & P Fitch Moody's S & P
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 929766BH5 X Aaa AAA X Aaa AAA
A-2 929766BJ1 X Aaa AAA X Aaa AAA
A-3 929766CR2 X Aaa AAA X Aaa AAA
A-4 929766CS0 X Aaa AAA X Aaa AAA
IO-I 929766BY8 X Aaa AAA X Aaa AAA
IO-II 929766BZ5 X Aaa AAA X Aaa AAA
IO-III 929766CA9 X Aaa AAA X Aaa AAA
B 929766BK8 X Aa2 AA X Aa2 AA
C 929766BL6 X Aa3 AA- X Aa3 AA-
D 929766BM4 X A2 A X A2 A
E 929766BN2 X A3 A- X A3 A-
F 929766BP7 X Baa1 BBB+ X Baa1 BBB+
G 929766BQ5 X Baa2 BBB X Baa2 BBB
H 929766BR3 X Baa3 BBB- X Baa3 BBB-
J 929766BS1 X Ba1 BB+ X Ba1 BB+
K 929766BT9 X Ba2 BB X Ba2 BB
L 929766BU6 X Ba3 BB- X Ba3 BB-
M 929766BV4 X B1 B+ X B1 B+
N 929766BW2 X B2 B X B2 B
O 929766BX0 X B3 B- X B3 B-
P 929766CP6 X NR NR X NR NR
<FN>
NR - Designates that the class was not rated by the above agency at the time of
original issuance.
X - Designates that the above rating agency did not rate any classes in this transaction at the time of
original issuance.
N/A - Data not available this period.
1) For any class not rated at the time of original issuance by any particular
rating agency, no request has been made subsequent to issuance to obtain rating
information, if any, from such rating agency. The current ratings were obtained
directly from the applicable rating agency within 30 days of the payment date
listed above. The ratings may have changed since they were obtained. Because the
ratings may have changed, you may want to obtain current ratings directly from the
rating agencies.
Fitch, Inc.
One State Street Plaza
New York, New York 10004
(212) 908-0500
Moody's Investors Service
99 Church Street
New York, New York 10007
(212) 553-0300
Standard & Poor's Rating Services
55 Water Street
New York, New York 10041
(212) 438-2430
</FN>
Current Mortgage Loan and Property Stratification Tables
Scheduled Balance
Scheduled # of Scheduled % of WAM WAC Weighted
Balance Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Below 1,000,000 0 0.00 0.00 0 0.0000 0.000000
1,000,001 to 2,000,000 6 9,554,456.98 1.12 92 6.7049 2.334184
2,000,001 to 3,000,000 16 40,055,535.37 4.71 101 6.8942 1.783824
3,000,001 to 4,000,000 19 67,189,382.01 7.91 87 6.5211 1.417091
4,000,001 to 5,000,000 7 32,957,647.37 3.88 107 7.0870 1.672741
5,000,001 to 6,000,000 8 44,486,075.75 5.23 91 7.0401 2.009390
6,000,001 to 7,000,000 6 38,856,682.25 4.57 92 6.3146 1.808406
7,000,001 to 8,000,000 7 52,407,162.79 6.17 82 6.3154 2.054855
8,000,001 to 9,000,000 2 16,879,653.99 1.99 92 6.4404 1.831595
9,000,001 to 10,000,000 3 28,610,927.83 3.37 91 6.5522 1.565854
10,000,001 to 15,000,000 19 234,467,769.11 27.59 89 6.3764 1.533839
15,000,001 to 20,000,000 1 16,349,459.50 1.92 92 6.1000 1.480000
20,000,001 to 25,000,000 4 91,562,013.79 10.77 77 6.1975 1.567136
25,000,001 to 30,000,000 1 25,723,755.76 3.03 56 5.6800 1.270000
30,000,001 to 35,000,000 2 69,087,916.40 8.13 87 6.9273 1.556572
35,000,001 to 40,000,000 1 36,626,094.06 4.31 89 7.2000 0.990000
40,000,001 and greater 1 45,000,000.00 5.30 91 6.6250 1.850000
Totals 103 849,814,532.96 100.00 88 6.5266 1.617064
State (3)
State # of Scheduled % of WAM WAC Weighted
Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Alabama 1 7,883,391.62 0.93 29 6.6000 1.110000
Arizona 2 12,562,255.89 1.48 91 6.0224 1.781346
California 28 300,172,819.60 35.32 89 6.6253 1.624608
Colorado 2 9,699,802.17 1.14 92 6.8862 3.233856
Florida 9 65,892,955.31 7.75 92 6.3254 1.633597
Georgia 4 19,287,653.93 2.27 92 6.7743 2.183901
Illinois 5 25,555,043.73 3.01 92 6.3723 1.856894
Maryland 4 93,221,333.56 10.97 88 6.8667 1.545848
Massachusetts 3 12,685,888.30 1.49 91 6.4300 1.728399
Michigan 2 14,728,138.04 1.73 92 6.8668 1.129793
Minnesota 1 5,463,590.76 0.64 90 6.8750 1.790000
Mississippi 1 2,120,827.55 0.25 90 7.2000 1.780000
Missouri 1 2,709,754.04 0.32 92 7.4000 3.520000
Nevada 1 14,789,667.17 1.74 92 5.8500 1.240000
New Hampshire 1 5,957,844.77 0.70 88 7.3700 1.020000
New Mexico 2 5,906,708.83 0.70 143 6.6978 1.489111
North Carolina 2 5,619,309.19 0.66 91 6.5423 1.429186
Ohio 3 8,209,866.35 0.97 156 7.7204 2.925230
Oklahoma 4 13,768,350.10 1.62 92 6.5587 1.480209
Oregon 1 3,634,871.66 0.43 76 7.7500 1.940000
Pennsylvania 2 7,481,634.70 0.88 91 6.4886 1.278869
Rhode Island 1 45,000,000.00 5.30 91 6.6250 1.850000
South Carolina 1 1,480,015.80 0.17 92 6.1900 1.300000
Tennessee 1 1,756,327.60 0.21 91 6.7500 1.490000
Texas 13 56,037,902.60 6.59 85 6.2577 1.296962
Utah 1 3,413,946.69 0.40 92 6.5000 1.390000
Virginia 6 50,853,353.60 5.98 64 6.0627 1.603966
Washington 4 47,842,495.78 5.63 78 5.9201 1.336390
Washington,DC 1 6,078,783.62 0.72 92 6.0000 1.330000
Totals 107 849,814,532.96 100.00 88 6.5266 1.617064
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 11 110,146,629.43 12.96 84 6.6631 0.984134
1.20 to 1.24 5 35,200,153.20 4.14 87 6.2037 1.225105
1.25 to 1.29 5 78,783,093.95 9.27 76 6.5307 1.274561
1.30 to 1.34 7 31,759,804.58 3.74 101 6.3387 1.320809
1.35 to 1.39 8 63,774,447.60 7.50 92 6.4683 1.378814
1.40 to 1.44 7 42,769,231.19 5.03 91 6.5570 1.421229
1.45 to 1.49 5 32,456,602.35 3.82 91 6.4858 1.478520
1.50 to 1.54 6 63,714,319.06 7.50 69 6.3734 1.523294
1.55 to 1.59 4 37,387,887.81 4.40 91 6.2059 1.565216
1.60 to 1.64 2 12,976,805.05 1.53 90 7.0828 1.625164
1.65 to 1.69 6 37,460,559.20 4.41 75 6.1918 1.674645
1.70 to 1.74 6 39,284,814.09 4.62 99 6.3925 1.727049
1.75 to 1.79 4 39,127,193.06 4.60 92 6.6207 1.789458
1.80 to 1.89 8 113,415,675.09 13.35 91 6.5701 1.845020
1.90 to 1.99 5 36,027,076.67 4.24 90 6.3685 1.940714
2.0 to 2.2 4 16,433,422.37 1.93 124 6.6492 2.062271
2.2 or greater 10 59,096,818.26 6.95 92 7.0873 3.270714
Totals 103 849,814,532.96 100.00 88 6.5266 1.617064
Property Type (3)
Property # of Scheduled % of WAM WAC Weighted
Type Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Industrial 3 14,269,512.58 1.68 129 6.8541 1.944417
Lodging 10 47,662,638.90 5.61 92 7.4000 3.354010
Mixed Use 2 6,559,159.22 0.77 92 6.4760 1.590535
Mobile Home Park 1 5,062,255.89 0.60 90 6.5000 1.650000
Multi-Family 30 198,158,251.74 23.32 79 6.3650 1.348023
Office 21 193,135,903.30 22.73 84 6.2484 1.625612
Retail 40 384,966,811.33 45.30 92 6.6303 1.524095
Totals 107 849,814,532.96 100.00 88 6.5266 1.617064
Note Rate
Note Rate # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
5.999% or less 11 127,569,208.71 15.01 69 5.8209 1.618383
6.000% to 6.249% 15 129,272,879.65 15.21 91 6.0700 1.391851
6.250% to 6.499% 20 141,317,888.60 16.63 90 6.3646 1.476436
6.500% to 6.749% 19 206,204,587.86 24.26 90 6.6136 1.652574
6.750% to 6.999% 10 59,173,041.78 6.96 90 6.8046 1.535178
7.700% to 7.249% 11 104,783,257.84 12.33 88 7.1338 1.283225
7.250% to 7.499% 14 70,445,855.21 8.29 95 7.3748 2.738858
7.500% or greater 3 11,047,813.31 1.30 133 7.8131 1.824951
Totals 103 849,814,532.96 100.00 88 6.5266 1.617064
Seasoning
Seasoning # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
12 months or less 0 0.00 0.00 0 0.0000 0.000000
13 to 24 months 0 0.00 0.00 0 0.0000 0.000000
25 to 36 months 101 841,308,599.11 99.00 87 6.5131 1.613104
37 to 48 months 2 8,505,933.85 1.00 147 7.8588 2.008720
49 months and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 103 849,814,532.96 100.00 88 6.5266 1.617064
Anticipated Remaining Term (ARD and Balloon Loans)
Anticipated # of Scheduled % of WAM WAC Weighted
Remaining Term (2) Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
60 months or less 5 63,648,766.99 7.49 41 5.9031 1.277305
61 to 84 months 2 38,601,752.34 4.54 83 7.1703 1.342148
85 to 108 months 92 724,939,109.62 85.31 91 6.5447 1.658156
109 to 120 months 0 0.00 0.00 0 0.0000 0.000000
121 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 99 827,189,628.95 97.34 87 6.5245 1.614105
Remaining Stated Term (Fully Amortizing Loans)
Remaining Stated # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
120 months or less 1 12,730,707.57 1.50 42 5.9700 1.690000
120 to 192 months 0 0.00 0.00 0 0.0000 0.000000
193 to 264 months 3 9,894,196.44 1.16 203 7.4168 1.770609
265 to 336 months 0 0.00 0.00 0 0.0000 0.000000
337 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 4 22,624,904.01 2.66 112 6.6027 1.725251
Remaining Amortization Term (ARD and Balloon Loans)
Remaining Amortization # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Interest Only 8 109,192,821.99 12.85 78 6.3088 1.730237
120 months or less 0 0.00 0.00 0 0.0000 0.000000
120 to 192 months 0 0.00 0.00 0 0.0000 0.000000
193 to 264 months 2 5,306,271.04 0.62 91 6.5542 1.243105
265 to 336 months 89 712,690,535.92 83.86 88 6.5574 1.599074
337 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 99 827,189,628.95 97.34 87 6.5245 1.614105
Age of Most Recent NOI
Age of Most # of Scheduled % of WAM WAC Weighted
Recent NOI Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Underwriter's Information 2 5,901,413.47 0.69 91 6.6358 1.378921
1 year or less 92 795,620,242.69 93.62 87 6.5344 1.633672
1 to 2 years 9 48,292,876.80 5.68 98 6.3852 1.372544
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 103 849,814,532.96 100.00 88 6.5266 1.617064
<FN>
(1) The Trustee makes no representations as to the accuracy of the data
provided by the borrower for this calculation. "NAP" means not applicable and
relates to the ommission of credit lease loans in the calculation of DSCR.
(2) Anticipated Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro-rata the current loan
information to the properties based upon the Cut-off Date Balance of the related
mortgage loan as disclosed in the offering document.
</FN>
Mortgage Loan Detail
Loan Property Interest Principal Gross
Number ODCR Type (1) City State Payment Payment Coupon
<s> <c> <c> <c> <c> <c> <c> <c>
502737614 1 RT Smithfield RI 256,718.75 0.00 6.625%
567000002 2 RT Valencia CA 227,251.01 27,294.57 7.200%
567000003 3 MF Randallstown MD 214,255.66 27,918.64 7.110%
567000004 4 RT Gaithersburg MD 198,200.55 28,576.18 6.740%
567000005 5 OF Tacoma WA 125,952.34 27,518.08 5.680%
502697602 6 RT Northridge CA 132,822.84 20,059.19 6.575%
567000007 7 MF Ashburn VA 119,531.74 21,288.99 5.800%
567000008 8 RT Laguna Niguel CA 123,081.21 20,333.66 6.370%
502747318 9 RT Encinitas CA 113,646.01 21,374.22 6.050%
567000010 10 RT Puyallup WA 85,963.30 15,843.83 6.100%
502745110 11 MF Las Vegas NV 74,579.57 15,209.44 5.850%
502751714 12 RT Paso Robles CA 79,095.74 13,999.54 6.200%
502743125 13 MF Temple Terrace FL 78,443.98 13,605.74 6.250%
567000014 14 MF Houston TX 72,936.68 13,998.15 6.000%
567000015 15 OF Culver City CA 69,363.24 20,677.88 6.000%
502730612 16 RT Calabasas CA 73,019.15 12,556.49 6.290%
502738711 17 OF Santa Monica CA 75,517.98 11,833.82 6.500%
567000018 18 OF Bakersfield CA 65,502.96 10,992.80 5.970%
502741911 19 MF Houston TX 70,870.78 10,574.71 6.640%
567000020 20 OF Sparks MD 71,096.41 9,707.79 6.640%
502746413 21 OF Pembroke Pines FL 61,835.87 12,110.25 5.950%
502741906 22 OF Rockville MD 68,114.18 9,717.59 6.750%
502742425 23 LO Long Beach CA 71,620.42 13,349.45 7.400%
502746414 24 OF Palm Beach Gardens FL 56,849.10 11,133.63 5.950%
567000025 25 RT Rancho Santa Margarit CA 64,010.08 9,005.54 6.800%
667000026 26 OF Studio City CA 60,326.60 9,680.54 6.500%
502740918 27 RT Bloomfield Hills MI 60,005.67 8,845.06 6.650%
502742435 28 OF Maitland FL 55,685.31 9,011.80 6.440%
567000029 29 RT Rancho Santa Margarit CA 59,764.84 8,070.97 6.900%
502746821 30 RT Harrisonburg VA 51,081.86 9,453.04 6.090%
667000031 31 RT Newark CA 60,639.10 6,956.59 7.310%
502745001 32 RT Newnan GA 49,847.35 8,645.78 6.250%
667000033 33 OF North Hollywood CA 48,788.20 7,802.30 6.450%
502742918 34 MF Elgin IL 44,908.40 7,297.23 6.430%
567000035 35 MF Huntsville AL 44,843.09 6,888.27 6.600%
502741213 36 RT Lawndale CA 42,662.89 7,306.78 6.300%
502746707 37 OF Irving TX 38,710.81 7,894.52 5.850%
502750138 38 MF Scottsdale AZ 36,812.50 0.00 5.700%
502742432 39 LO Costa Mesa CA 46,306.31 8,631.11 7.400%
502737611 40 OF Charlottesville VA 39,321.20 6,533.24 6.375%
502745707 41 RT Lake Bluff IL 36,594.09 7,023.21 6.000%
502746706 42 OF Irving TX 34,726.08 7,226.76 5.800%
567000043 43 IN Tustin CA 35,140.73 10,475.81 6.000%
502742917 44 MF Westfield MA 37,567.60 6,104.42 6.430%
502741917 45 RT North Lauderdale FL 36,364.92 5,145.36 6.750%
502746419 46 MF Washington DC 31,438.22 6,033.69 6.000%
502731815 47 RT Woodland Hills CA 36,262.80 4,699.87 7.000%
567000048 48 RT Woodland Hills CA 37,125.58 4,363.12 7.220%
567000049 49 RT Nashua NH 37,837.91 4,272.49 7.370%
502745312 50 OF San Jose CA 35,369.59 7,531.91 7.000%
502742415 51 LO Boulder CO 37,045.05 6,904.88 7.400%
567000052 52 RT Bloomington MN 32,371.36 4,416.66 6.875%
502742424 54 LO Lombard Il 33,340.54 6,214.40 7.400%
502742915 55 MF Modesto CA 28,499.56 4,630.94 6.430%
567000056 56 MH Mesa AZ 28,359.80 4,507.74 6.500%
567000057 57 IN Maumee OH 33,375.75 10,416.43 7.940%
667000058 58 OF Oklahoma City OK 27,936.73 4,377.75 6.500%
502742412 59 LO Atlanta GA 31,488.29 5,869.15 7.400%
567000060 60 OF Lakewood CA 31,411.75 3,621.71 7.320%
567000061 61 MF San Bernardino CA 26,533.07 3,721.56 6.860%
502745217 62 MU Boca Raton FL 23,448.86 3,908.17 6.130%
502742428 63 LO Southfield MI 27,166.37 5,063.58 7.400%
502742513 64 MF Chicago IL 19,805.56 0.00 5.750%
567000065 65 OF Denver CO 20,536.88 3,754.61 6.120%
502735512 66 OF Cranberry Township PA 22,077.76 3,389.38 6.570%
502731814 67 RT Chesapeake VA 21,660.15 3,491.18 6.450%
502742916 68 MF Sacramento CA 21,590.58 3,508.28 6.430%
567000069 69 MF Grand Prairie TX 22,030.95 5,353.45 6.650%
265950523 70 RT Eugene OR 24,275.01 2,590.45 7.750%
502737007 71 RT Greenville NC 19,896.08 7,974.03 6.630%
502742908 72 RT Kennett Square PA 19,762.08 3,225.26 6.400%
567000073 73 MF Dallas TX 19,786.32 3,164.27 6.450%
567000074 74 MF Tacoma WA 18,359.92 3,523.68 6.000%
502741915 75 RT Taylorsville UT 19,125.39 2,996.99 6.500%
502742919 76 MF Westfield MA 18,567.90 3,017.12 6.430%
667000077 77 OF Oklahoma City OK 18,578.95 2,911.36 6.500%
502737613 78 RT Oklahoma City OK 18,812.67 2,701.33 6.750%
567000079 79 MF Victorville CA 17,172.10 3,039.38 6.200%
567000080 80 RT Grottoes VA 18,208.63 2,739.38 6.600%
502735505 81 RT Beaumont TX 19,350.07 2,327.84 7.180%
502740927 82 RT Santa Fe NM 18,050.26 2,575.16 6.750%
502737423 83 RT Newport News VA 15,927.54 2,762.56 6.250%
502742413 84 LO Smyrna GA 18,522.52 3,452.45 7.400%
567000085 85 RT Los Lunas NM 16,073.53 7,287.40 6.640%
567000086 86 RT Rancho Santa Margarit CA 17,092.99 2,200.78 7.000%
502742429 87 LO Chesterfield MO 17,287.69 3,222.28 7.400%
502722602 88 IN Pembroke Pines FL 15,849.82 3,319.43 7.050%
567000089 89 MF El Paso TX 13,737.68 2,431.50 6.200%
502742913 90 MF Amherst MA 14,168.82 2,302.31 6.430%
567000091 91 MF Pompano Beach FL 16,777.65 1,687.63 7.660%
667000092 92 RT Santa Maria CA 14,502.09 1,756.35 7.180%
502736106 93 RT Holly Hill FL 13,988.01 1,812.92 7.000%
567000094 94 RT Lynnwood WA 13,885.25 4,839.82 7.250%
667000095 95 OF Oklahoma City OK 12,499.81 1,958.75 6.500%
567000096 96 RT Dalton GA 12,771.41 1,822.05 6.750%
502745918 97 RT Sylva NC 11,817.43 1,943.70 6.400%
567000098 98 MU Ridgeland MS 13,165.66 2,665.30 7.200%
502742417 99 LO Sharonville OH 12,348.35 2,301.63 7.400%
502741016 100 RT Odessa TX 10,121.09 4,314.45 6.410%
667000101 101 MF Lewisburg TN 10,217.13 1,457.64 6.750%
567000102 102 MF Greenville SC 7,896.38 1,403.29 6.190%
502742419 103 LO Dayton OH 8,952.55 1,668.68 7.400%
502741109 104 MF Chicago IL 5,694.10 0.00 5.750%
Totals 4,780,333.09 757,121.09
Loan Anticipated Maturity Neg. Beginning Ending Paid Thru
Number Repayment Date Amort Scheduled Scheduled Date
Date (Y/N) Balance Balance
<s> <c> <c> <c> <c> <c> <c>
502737614 N/A 09/01/2012 N 45,000,000.00 45,000,000.00 02/01/2005
567000002 N/A 07/11/2012 N 36,653,388.63 36,626,094.06 01/11/2005
567000003 N/A 02/11/2012 N 34,994,799.32 34,966,880.68 02/11/2005
567000004 N/A 08/08/2012 N 34,149,611.90 34,121,035.72 02/09/2005
567000005 10/11/2009 09/11/2016 N 25,751,273.84 25,723,755.76 02/11/2005
502697602 N/A 11/01/2012 N 23,459,448.77 23,439,389.58 02/01/2005
567000007 N/A 10/11/2007 N 23,932,940.74 23,911,651.75 01/11/2005
567000008 N/A 10/11/2012 N 22,438,464.38 22,418,130.72 01/11/2005
502747318 10/11/2012 10/11/2032 N 21,814,215.96 21,792,841.74 01/11/2005
567000010 10/11/2012 10/11/2032 N 16,365,303.33 16,349,459.50 02/11/2005
502745110 N/A 10/11/2012 N 14,804,876.61 14,789,667.17 02/11/2005
502751714 N/A 10/11/2012 N 14,815,018.21 14,801,018.67 02/11/2005
502743125 N/A 10/11/2012 N 14,575,397.99 14,561,792.25 02/11/2005
567000014 N/A 10/11/2012 N 14,116,776.20 14,102,778.05 02/11/2005
567000015 N/A 10/11/2012 N 13,425,142.52 13,404,464.64 01/11/2005
502730612 N/A 09/11/2012 N 13,481,150.41 13,468,593.92 02/11/2005
502738711 N/A 10/11/2012 N 13,492,046.08 13,480,212.26 01/11/2005
567000018 08/01/2008 05/01/2014 N 12,741,700.37 12,730,707.57 02/01/2005
502741911 N/A 09/01/2012 N 12,394,812.72 12,384,238.01 02/01/2005
567000020 N/A 09/01/2012 N 12,434,273.43 12,424,565.64 02/01/2005
502746413 N/A 10/11/2012 N 12,068,805.75 12,056,695.50 02/11/2005
502741906 N/A 09/01/2012 N 11,718,569.11 11,708,851.52 02/01/2005
502742425 N/A 10/11/2012 N 11,239,473.58 11,226,124.13 01/11/2005
502746414 N/A 10/11/2012 N 11,095,514.78 11,084,381.15 02/11/2005
567000025 N/A 08/11/2012 N 10,931,511.99 10,922,506.45 02/11/2005
667000026 N/A 09/01/2012 N 10,777,953.47 10,768,272.93 02/01/2005
502740918 N/A 10/01/2012 N 10,478,798.08 10,469,953.02 02/01/2005
502742435 N/A 09/01/2012 N 10,041,429.64 10,032,417.84 02/01/2005
567000029 N/A 08/11/2012 N 10,058,599.36 10,050,528.39 02/11/2005
502746821 10/11/2012 10/11/2032 N 9,740,701.03 9,731,247.99 01/11/2005
667000031 N/A 07/01/2012 N 9,633,323.53 9,626,366.94 02/01/2005
502745001 N/A 10/01/2012 N 9,261,958.68 9,253,312.90 02/01/2005
667000033 N/A 10/01/2012 N 8,784,071.12 8,776,268.82 02/01/2005
502742918 N/A 09/01/2012 N 8,110,682.40 8,103,385.17 02/01/2005
567000035 N/A 07/11/2007 N 7,890,279.89 7,883,391.62 01/11/2005
502741213 N/A 09/01/2012 N 7,864,127.81 7,856,821.03 02/01/2005
502746707 N/A 10/11/2012 N 7,684,528.67 7,676,634.15 02/11/2005
502750138 N/A 10/11/2012 N 7,500,000.00 7,500,000.00 02/11/2005
502742432 N/A 10/11/2012 N 7,266,900.86 7,258,269.75 01/11/2005
502737611 N/A 09/01/2012 N 7,162,875.23 7,156,341.99 02/01/2005
502745707 N/A 10/11/2012 N 7,082,727.46 7,075,704.25 01/11/2005
502746706 N/A 10/11/2012 N 6,952,942.42 6,945,715.66 02/11/2005
567000043 N/A 10/11/2012 N 6,801,431.75 6,790,955.94 01/11/2005
502742917 N/A 09/01/2012 N 6,784,897.69 6,778,793.27 02/01/2005
502741917 N/A 10/01/2012 N 6,256,330.28 6,251,184.92 02/01/2005
502746419 N/A 10/11/2012 N 6,084,817.31 6,078,783.62 02/11/2005
502731815 N/A 08/01/2012 N 6,015,948.71 6,011,248.84 02/01/2005
567000048 N/A 09/11/2012 N 5,971,409.37 5,967,046.25 02/11/2005
567000049 06/11/2012 06/11/2032 N 5,962,117.26 5,957,844.77 01/11/2005
502745312 N/A 10/01/2012 N 5,867,766.90 5,860,234.99 02/01/2005
502742415 N/A 10/11/2012 N 5,813,520.89 5,806,616.01 01/11/2005
567000052 N/A 08/01/2012 N 5,468,007.42 5,463,590.76 02/01/2005
502742424 N/A 10/11/2012 N 5,232,168.71 5,225,954.31 01/11/2005
502742915 N/A 09/01/2012 N 5,147,163.71 5,142,532.77 02/01/2005
567000056 N/A 08/11/2012 N 5,066,763.63 5,062,255.89 02/11/2005
567000057 N/A 10/11/2021 N 4,881,478.62 4,871,062.19 02/11/2005
667000058 N/A 10/11/2012 N 4,991,178.33 4,986,800.58 01/11/2005
502742412 N/A 10/11/2012 N 4,941,492.77 4,935,623.62 01/11/2005
567000060 06/11/2012 06/11/2032 N 4,983,355.27 4,979,733.56 01/11/2005
567000061 N/A 05/11/2012 N 4,491,632.29 4,487,910.73 02/11/2005
502745217 N/A 11/11/2012 N 4,442,239.84 4,438,331.67 02/11/2005
502742428 N/A 10/11/2012 N 4,263,248.60 4,258,185.02 01/11/2005
502742513 N/A 11/11/2012 N 4,000,000.00 4,000,000.00 01/11/2005
567000065 N/A 10/11/2012 N 3,896,940.77 3,893,186.16 02/11/2005
502735512 N/A 09/01/2012 N 3,902,388.68 3,898,999.30 02/01/2005
502731814 N/A 09/01/2012 N 3,899,801.98 3,896,310.80 02/01/2005
502742916 N/A 09/01/2012 N 3,899,366.55 3,895,858.27 02/01/2005
567000069 N/A 08/11/2012 N 3,847,267.69 3,841,914.24 02/11/2005
265950523 N/A 06/01/2011 N 3,637,462.11 3,634,871.66 02/01/2005
502737007 N/A 09/01/2012 N 3,484,935.65 3,476,961.62 02/01/2005
502742908 10/01/2012 10/01/2032 N 3,585,860.66 3,582,635.40 02/01/2005
567000073 N/A 10/11/2007 N 3,562,428.90 3,559,264.63 01/11/2005
567000074 N/A 10/11/2012 N 3,553,533.16 3,550,009.48 01/11/2005
502741915 10/11/2012 10/11/2032 N 3,416,943.68 3,413,946.69 01/11/2005
502742919 N/A 09/01/2012 N 3,353,455.23 3,350,438.11 02/01/2005
667000077 N/A 10/11/2012 N 3,319,316.76 3,316,405.40 01/11/2005
502737613 08/01/2012 08/01/2032 N 3,236,587.57 3,233,886.24 02/01/2005
567000079 N/A 10/11/2012 N 3,216,418.29 3,213,378.91 02/11/2005
567000080 N/A 10/11/2012 N 3,203,863.65 3,201,124.27 01/11/2005
502735505 08/01/2012 08/01/2032 N 3,129,673.05 3,127,345.21 02/01/2005
502740927 09/01/2012 09/01/2032 N 3,105,420.78 3,102,845.62 02/01/2005
502737423 10/11/2012 10/11/2032 N 2,959,439.36 2,956,676.80 01/11/2005
502742413 N/A 10/11/2012 N 2,906,760.31 2,903,307.86 01/11/2005
567000085 N/A 10/11/2021 N 2,811,150.61 2,803,863.21 01/11/2005
567000086 N/A 09/11/2012 N 2,835,702.91 2,833,502.13 02/11/2005
502742429 N/A 10/11/2012 N 2,712,976.32 2,709,754.04 01/11/2005
502722602 N/A 10/01/2012 N 2,610,813.88 2,607,494.45 02/01/2005
567000089 N/A 10/11/2007 N 2,573,134.73 2,570,703.23 01/11/2005
502742913 N/A 09/01/2012 N 2,558,959.23 2,556,656.92 02/01/2005
567000091 N/A 05/11/2012 N 2,543,567.09 2,541,879.46 01/11/2005
667000092 07/01/2012 07/01/2032 N 2,345,561.96 2,343,805.61 02/01/2005
502736106 08/01/2012 08/01/2032 N 2,320,590.99 2,318,778.07 02/01/2005
567000094 N/A 10/11/2022 N 2,224,110.86 2,219,271.04 02/11/2005
667000095 N/A 10/11/2012 N 2,233,216.63 2,231,257.88 01/11/2005
567000096 N/A 09/01/2012 N 2,197,231.60 2,195,409.55 02/01/2005
502745918 N/A 09/11/2012 N 2,144,291.27 2,142,347.57 02/11/2005
567000098 N/A 08/01/2012 N 2,123,492.85 2,120,827.55 02/01/2005
502742417 N/A 10/11/2012 N 1,937,840.18 1,935,538.55 01/11/2005
502741016 09/01/2012 09/01/2032 N 1,833,623.87 1,829,309.42 02/01/2005
667000101 N/A 09/01/2012 N 1,757,785.24 1,756,327.60 01/01/2005
567000102 N/A 10/11/2012 N 1,481,419.09 1,480,015.80 02/11/2005
502742419 N/A 10/11/2012 N 1,404,934.29 1,403,265.61 01/11/2005
502741109 N/A 11/11/2012 N 1,150,000.00 1,150,000.00 01/11/2005
Totals 850,571,654.05 849,814,532.96
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>
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
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 0 $0.00 6.526618% 6.481511% 88
01/18/2005 0 $0.00 0 $0.00 6.526616% 6.481509% 89
12/15/2004 0 $0.00 0 $0.00 6.526614% 6.481507% 90
11/15/2004 0 $0.00 1 $5,292,892.85 6.526619% 6.481512% 91
10/15/2004 0 $0.00 0 $0.00 6.523366% 6.478273% 91
09/15/2004 0 $0.00 0 $0.00 6.523392% 6.478298% 92
08/16/2004 0 $0.00 0 $0.00 6.523406% 6.478313% 93
07/15/2004 0 $0.00 0 $0.00 6.523427% 6.478335% 94
06/15/2004 0 $0.00 0 $0.00 6.523460% 6.478368% 95
05/17/2004 0 $0.00 0 $0.00 6.523480% 6.478389% 96
04/15/2004 0 $0.00 0 $0.00 6.523512% 6.478421% 97
03/15/2004 0 $0.00 0 $0.00 6.523531% 6.478441% 98
<FN>
Note: Foreclosure and REO Totals are excluded from the delinquencies aging
categories.
</FN>
Delinquency Loan Detail
Offering # of Paid Through Current Outstanding Status of
Loan Number Document Months Date P & I P & I Mortgage
Cross- Delinq. Advances Advances ** Loan (1)
Reference
<s> <c> <c> <c> <c> <c> <c>
567000002 2 0 01/11/2005 253,323.80 253,323.80 A
567000007 7 0 01/11/2005 140,022.97 140,022.97 A
567000008 8 0 01/11/2005 142,666.93 142,666.93 A
502747318 9 0 01/11/2005 134,293.09 134,293.09 A
567000015 15 0 01/11/2005 89,593.62 89,593.62 A
502738711 17 0 01/11/2005 86,902.06 86,902.06 A
502742425 23 0 01/11/2005 84,595.23 84,595.23 A
502746821 30 0 01/11/2005 60,210.20 60,210.20 A
567000035 35 0 01/11/2005 51,468.36 51,468.36 A
502742432 39 0 01/11/2005 54,695.18 54,695.18 A
502745707 41 0 01/11/2005 43,381.20 43,381.20 A
567000043 43 0 01/11/2005 45,389.82 45,389.82 A
567000049 49 0 01/11/2005 41,911.66 41,911.66 A
502742415 51 0 01/11/2005 43,756.15 43,756.15 A
502742424 54 0 01/11/2005 39,380.54 39,380.54 A
667000058 58 0 01/11/2005 31,940.14 31,940.14 A
502742412 59 0 01/11/2005 37,192.72 37,192.72 A
567000060 60 0 01/11/2005 34,867.34 34,867.34 A
502742428 63 0 01/11/2005 32,087.85 32,087.85 A
502742513 64 0 01/11/2005 19,672.22 19,672.22 A
567000073 73 0 01/11/2005 22,831.85 22,831.85 A
567000074 74 0 01/11/2005 21,765.14 21,765.14 A
502741915 75 0 01/11/2005 22,008.48 22,008.48 A
667000077 77 0 01/11/2005 21,186.04 21,186.04 A
567000080 80 0 01/11/2005 20,841.21 20,841.21 A
502737423 83 0 01/11/2005 18,591.46 18,591.46 A
502742413 84 0 01/11/2005 21,878.07 21,878.07 A
567000085 85 0 01/11/2005 23,267.23 23,267.23 A
502742429 87 0 01/11/2005 20,419.53 20,419.53 A
567000089 89 0 01/11/2005 16,083.40 16,083.40 A
567000091 91 0 01/11/2005 18,380.50 18,380.50 A
667000095 95 0 01/11/2005 14,253.85 14,253.85 A
502742417 99 0 01/11/2005 14,585.38 14,585.38 A
667000101 101 0 01/01/2005 11,557.58 11,557.58 A
502742419 103 0 01/11/2005 10,574.39 10,574.39 A
502741109 104 0 01/11/2005 5,655.76 5,655.76 A
Totals 36 1,751,230.95 1,751,230.95
Resolution Servicing Actual Outstanding
Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO
Number Code (2) Date Date Balance Advances Date Date
<s> <c> <c> <c> <c> <c> <c> <c>
567000002 36,653,388.63 0.00
567000007 23,932,940.74 0.00
567000008 22,438,464.38 0.00
502747318 21,814,215.96 0.00
567000015 13,425,142.52 0.00
502738711 13,492,046.08 0.00
502742425 11,239,473.58 0.00
502746821 9,740,701.03 0.00
567000035 7,890,279.89 0.00
502742432 7,266,900.86 0.00
502745707 7,082,727.46 0.00
567000043 6,801,431.75 0.00
567000049 5,962,117.26 0.00
502742415 5,813,520.89 0.00
502742424 5,232,168.71 0.00
667000058 4,991,178.33 0.00
502742412 4,941,492.77 0.00
567000060 4,983,355.27 0.00
502742428 4,263,248.60 0.00
502742513 4,000,000.00 0.00
567000073 3,562,428.90 0.00
567000074 3,553,533.16 0.00
502741915 3,416,943.68 0.00
667000077 3,319,316.76 0.00
567000080 3,203,863.65 0.00
502737423 2,959,439.36 0.00
502742413 2,906,760.31 0.00
567000085 2,811,150.61 0.00
502742429 2,712,976.32 0.00
567000089 2,573,134.73 0.00
567000091 2,543,567.09 0.00
667000095 2,233,216.63 0.00
502742417 1,937,840.18 0.00
667000101 1,757,785.24 0.00
502742419 1,404,934.29 0.00
502741109 1,150,000.00 0.00
Totals 264,011,685.62 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 (36 loans) 1,751,230.95 1,751,230.95 264,011,685.62 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