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: March 17, 2005
(Date of earliest event reported)
Commission File No.: 333-108944-03
Wachovia Bank Commercial Mortgage Trust
Commercial Mortgage Pass-Through Certificates
Series 2004-C10
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
54-2144729
54-2144730
54-6601016
(I.R.S. Employer Identification No.)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
(410) 884-2000
Registrant's Full Telephone Number
(Former name, former address and former fiscal year, if changed since last
report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On March 17, 2005, a distribution was made to holders of Wachovia Bank
Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2004-C10.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial Mortgage
Pass-Through Certificates, Series 2004-C10, relating to the
March 17, 2005 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Wachovia Bank Commercial Mortgage Trust
Commercial Mortgage Pass-Through Certificates
Series 2004-C10
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: March 17, 2005
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial
Mortgage Pass-Through Certificates, Series 2004-C10,
relating to the March 17, 2005 distribution.
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
Wachovia Bank Commercial Mortgage Trust
Commercial Mortgage Pass-Through Certificates
Series 2004-C10
For Additional Information, please contact
CTSLink Customer Service
(301) 815-6600
Reports Available on the World Wide Web
@ www.ctslink.com/cmbs
Payment Date: March 17, 2005
Record Date: February 28, 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 - 16
Mortgage Loan Detail 17 - 20
Principal Prepayment Detail 21
Historical Detail 22
Delinquency Loan Detail 23
Specially Serviced Loan Detail 24 - 25
Modified Loan Detail 26
Liquidated Loan Detail 27
Depositor
Wachovia Commercial Mortgage Securities, Inc.
301 South College Street
Charlotte, NC 28288-1016
Contact: Tim Steward
Phone Number: (704) 593-7822
Master Servicer
Wachovia Bank, National Association
8739 Research Drive
URP 4, NC1075
Charlotte, NC 28262
Contact: Timothy S. Ryan
Phone Number: (704) 593-7878
Special Servicer
Lennar Partners, Inc.
1601 Washington Avenue
Suite 800
Miami Beach, FL 33139
Contact: Steve Bruha
Phone Number: (305) 229-6614
This report has been compiled from information provided to
Wells Fargo Bank, N.A. by various third parties, which
may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A. has not independently confirmed
the accuracy of information received from these third parties and assumes
no duty to do so. Wells Fargo Bank, N.A. expressly disclaims
any responsibility for the accuracy or completeness of information
furnished by third parties.
Copyright 2005, Wells Fargo Bank, N.A.
Certificate Distribution Detail
Class CUSIP Pass-Through Original Beginning Principal Interest
Rate Balance Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
A-1 929766NM1 3.065000% 67,117,000.00 61,984,858.74 612,877.25 158,319.66
A-2 929766NN9 3.857000% 104,012,000.00 104,012,000.00 0.00 334,311.90
A-3 929766NP4 4.390000% 71,285,000.00 71,285,000.00 0.00 260,784.29
A-4 929766NQ2 4.748000% 579,236,000.00 579,236,000.00 0.00 2,291,843.77
A-1A 929766NV1 4.324000% 252,357,000.00 250,959,411.36 186,265.27 904,290.41
B 929766NR0 4.812000% 38,703,000.00 38,703,000.00 0.00 155,199.03
C 929766NS8 4.842000% 16,127,000.00 16,127,000.00 0.00 65,072.45
D 929766NT6 4.881000% 32,252,000.00 32,252,000.00 0.00 131,185.01
E 929766NU3 4.931000% 16,126,000.00 16,126,000.00 0.00 66,264.42
F 929766NW9 5.089000% 19,352,000.00 19,352,000.00 0.00 82,068.61
G 929766NX7 5.188000% 14,513,000.00 14,513,000.00 0.00 62,744.54
H 929766NY5 5.488294% 17,739,000.00 17,739,000.00 0.00 81,130.70
J 929766NZ2 5.007000% 12,901,000.00 12,901,000.00 0.00 53,829.42
K 929766PA5 5.007000% 8,063,000.00 8,063,000.00 0.00 33,642.87
L 929766PB3 5.007000% 6,451,000.00 6,451,000.00 0.00 26,916.80
M 929766PC1 5.007000% 4,838,000.00 4,838,000.00 0.00 20,186.56
N 929766PD9 5.007000% 4,838,000.00 4,838,000.00 0.00 20,186.56
O 929766PE7 5.007000% 4,838,000.00 4,838,000.00 0.00 20,186.56
P 929766PF4 5.007000% 19,351,569.00 19,351,569.00 0.00 80,733.44
SL 929766PJ6 5.376000% 24,000,000.00 24,000,000.00 0.00 107,520.00
Z-I N/A 0.000000% 0.00 0.00 0.00 0.00
Z-II N/A 0.000000% 0.00 0.00 0.00 0.00
Z-III N/A 0.000000% 0.00 0.00 0.00 0.00
R-I N/A 0.000000% 0.00 0.00 0.00 0.00
R-II N/A 0.000000% 0.00 0.00 0.00 0.00
Totals 1,314,099,569.00 1,307,569,839.10 799,142.52 4,956,417.00
Class CUSIP Prepayment Realized Loss/ Total Ending Current
Penalties Additional Trust Distribution Balance Subordination
Fund Expenses Level (1)
<s> <c> <c> <c> <c> <c> <c>
A-1 929766NM1 0.00 0.00 771,196.91 61,371,981.49 16.85%
A-2 929766NN9 0.00 0.00 334,311.90 104,012,000.00 16.85%
A-3 929766NP4 0.00 0.00 260,784.29 71,285,000.00 16.85%
A-4 929766NQ2 0.00 0.00 2,291,843.77 579,236,000.00 16.85%
A-1A 929766NV1 0.00 0.00 1,090,555.68 250,773,146.09 16.85%
B 929766NR0 0.00 0.00 155,199.03 38,703,000.00 13.83%
C 929766NS8 0.00 0.00 65,072.45 16,127,000.00 12.57%
D 929766NT6 0.00 0.00 131,185.01 32,252,000.00 10.06%
E 929766NU3 0.00 0.00 66,264.42 16,126,000.00 8.80%
F 929766NW9 0.00 0.00 82,068.61 19,352,000.00 7.29%
G 929766NX7 0.00 0.00 62,744.54 14,513,000.00 6.16%
H 929766NY5 0.00 0.00 81,130.70 17,739,000.00 4.78%
J 929766NZ2 0.00 0.00 53,829.42 12,901,000.00 3.77%
K 929766PA5 0.00 0.00 33,642.87 8,063,000.00 3.14%
L 929766PB3 0.00 0.00 26,916.80 6,451,000.00 2.64%
M 929766PC1 0.00 0.00 20,186.56 4,838,000.00 2.26%
N 929766PD9 0.00 0.00 20,186.56 4,838,000.00 1.89%
O 929766PE7 0.00 0.00 20,186.56 4,838,000.00 1.51%
P 929766PF4 0.00 0.00 80,733.44 19,351,569.00 0.00%
SL 929766PJ6 0.00 0.00 107,520.00 24,000,000.00 0.00%
Z-I N/A 0.00 0.00 0.00 0.00 0.00%
Z-II N/A 0.00 0.00 0.00 0.00 0.00%
Z-III N/A 0.00 0.00 0.00 0.00 0.00%
R-I N/A 0.00 0.00 0.00 0.00 0.00%
R-II N/A 0.00 0.00 0.00 0.00 0.00%
Totals 0.00 0.00 5,755,559.52 1,306,770,696.58
Class CUSIP Pass-Through Original Beginning Interest
Rate Notional Notional Distribution
Amount Amount
<s> <c> <c> <c> <c> <c>
X-P 929766PG2 0.996493% 1,246,996,000.00 1,218,933,000.00 1,012,215.38
X-C 929766PH0 0.088773% 1,290,099,569.00 1,283,569,839.10 94,954.84
Class CUSIP Prepayment Total Ending
Penalties Distribution Notional
Amount
<s> <c> <c> <c> <c>
X-P 929766PG2 0.00 1,012,215.38 1,218,933,000.00
X-C 929766PH0 0.00 94,954.84 1,282,770,696.58
<FN>
(1) Calculated by taking (A) the sum of the ending certificate balance of all
classes less (B) the sum of (i) the ending certificate balance of the designated
class and (ii) the ending certificate balance of all classes which are not
subordinate to the designated class and dividing the result by (A).
</FN>
Certificate Factor Detail
Class CUSIP Beginning Principal Interest Prepayment Realized Loss/ Ending
Balance Distribution Distribution Penalties Additional Balance
Trust Fund
Expenses
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 929766NM1 923.53440619 9.13147563 2.35886080 0.00000000 0.00000000 914.40293055
A-2 929766NN9 1,000.00000000 0.00000000 3.21416663 0.00000000 0.00000000 1,000.00000000
A-3 929766NP4 1,000.00000000 0.00000000 3.65833331 0.00000000 0.00000000 1,000.00000000
A-4 929766NQ2 1,000.00000000 0.00000000 3.95666666 0.00000000 0.00000000 1,000.00000000
A-1A 929766NV1 994.46185903 0.73810225 3.58337756 0.00000000 0.00000000 993.72375678
B 929766NR0 1,000.00000000 0.00000000 4.01000000 0.00000000 0.00000000 1,000.00000000
C 929766NS8 1,000.00000000 0.00000000 4.03500031 0.00000000 0.00000000 1,000.00000000
D 929766NT6 1,000.00000000 0.00000000 4.06750000 0.00000000 0.00000000 1,000.00000000
E 929766NU3 1,000.00000000 0.00000000 4.10916656 0.00000000 0.00000000 1,000.00000000
F 929766NW9 1,000.00000000 0.00000000 4.24083351 0.00000000 0.00000000 1,000.00000000
G 929766NX7 1,000.00000000 0.00000000 4.32333356 0.00000000 0.00000000 1,000.00000000
H 929766NY5 1,000.00000000 0.00000000 4.57357799 0.00000000 0.00000000 1,000.00000000
J 929766NZ2 1,000.00000000 0.00000000 4.17249981 0.00000000 0.00000000 1,000.00000000
K 929766PA5 1,000.00000000 0.00000000 4.17250031 0.00000000 0.00000000 1,000.00000000
L 929766PB3 1,000.00000000 0.00000000 4.17250039 0.00000000 0.00000000 1,000.00000000
M 929766PC1 1,000.00000000 0.00000000 4.17250103 0.00000000 0.00000000 1,000.00000000
N 929766PD9 1,000.00000000 0.00000000 4.17250103 0.00000000 0.00000000 1,000.00000000
O 929766PE7 1,000.00000000 0.00000000 4.17250103 0.00000000 0.00000000 1,000.00000000
P 929766PF4 1,000.00000000 0.00000000 4.17193252 0.00000000 0.00000000 1,000.00000000
SL 929766PJ6 1,000.00000000 0.00000000 4.48000000 0.00000000 0.00000000 1,000.00000000
Z-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Z-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Z-III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Class CUSIP Beginning Interest Prepayment Ending
Notional Distribution Penalties Notional
Amount Amount
<s> <c> <c> <c> <c> <c>
X-P 929766PG2 977.49551723 0.81172304 0.00000000 977.49551723
X-C 929766PH0 994.93858454 0.07360272 0.00000000 994.31914203
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 26,794.21
Servicing Advances Outstanding 0.00
Reimbursement for Interest on P & I Advances 0.00
paid from general collections
Reimbursement for Interest on Servicing 0.00
Advances paid from general collections
Aggregate amount of Nonrecoverable Advances 0.00
Servicing Fee Summary
<s> <c>
Current Period Accrued Servicing Fees 44,847.40
Less Delinquent Servicing Fees 150.00
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 4,748.32
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 49,445.72
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-1 158,319.66 0.00 0.00 158,319.66 0.00
A-2 334,311.90 0.00 0.00 334,311.90 0.00
A-3 260,784.29 0.00 0.00 260,784.29 0.00
A-4 2,291,843.77 0.00 0.00 2,291,843.77 0.00
A-1A 904,290.41 0.00 0.00 904,290.41 0.00
X-P 1,012,215.38 0.00 0.00 1,012,215.38 0.00
X-C 94,954.84 0.00 0.00 94,954.84 0.00
B 155,199.03 0.00 0.00 155,199.03 0.00
C 65,072.45 0.00 0.00 65,072.45 0.00
D 131,185.01 0.00 0.00 131,185.01 0.00
E 66,264.42 0.00 0.00 66,264.42 0.00
F 82,068.61 0.00 0.00 82,068.61 0.00
G 62,744.54 0.00 0.00 62,744.54 0.00
H 81,130.70 0.00 0.00 81,130.70 0.00
J 53,829.42 0.00 0.00 53,829.42 0.00
K 33,642.87 0.00 0.00 33,642.87 0.00
L 26,916.80 0.00 0.00 26,916.80 0.00
M 20,186.56 0.00 0.00 20,186.56 0.00
N 20,186.56 0.00 0.00 20,186.56 0.00
O 20,186.56 0.00 0.00 20,186.56 0.00
P 80,744.42 0.00 0.00 80,744.42 0.00
SL 107,520.00 0.00 0.00 107,520.00 0.00
Total 6,063,598.20 0.00 0.00 6,063,598.20 0.00
Class Additional Interest Remaining Unpaid
Trust Fund Distribution Distributable
Expenses Certificate Interest
<s> <c> <c> <c>
A-1 0.00 158,319.66 0.00
A-2 0.00 334,311.90 0.00
A-3 0.00 260,784.29 0.00
A-4 0.00 2,291,843.77 0.00
A-1A 0.00 904,290.41 0.00
X-P 0.00 1,012,215.38 0.00
X-C 0.00 94,954.84 0.00
B 0.00 155,199.03 0.00
C 0.00 65,072.45 0.00
D 0.00 131,185.01 0.00
E 0.00 66,264.42 0.00
F 0.00 82,068.61 0.00
G 0.00 62,744.54 0.00
H 0.00 81,130.70 0.00
J 0.00 53,829.42 0.00
K 0.00 33,642.87 0.00
L 0.00 26,916.80 0.00
M 0.00 20,186.56 0.00
N 0.00 20,186.56 0.00
O 0.00 20,186.56 0.00
P 10.98 80,733.44 394.73
SL 0.00 107,520.00 0.00
Total 10.98 6,063,587.22 394.73
Other Required Information
<s> <c>
Available Distribution Amount (1) 6,862,729.74
Aggregate Number of Outstanding Loans 103
Aggregate Stated Principal Balance of Loans Before Distribution 1,307,569,839.21
Aggregate Stated Principal Balance of Loans After Distribution 1,306,770,696.69
Aggregate Unpaid Principal Balance of Loans 1,306,779,264.89
Aggregate Amount of Servicing Fee 49,445.72
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 2,032.32
Aggregate Trust Fund Expenses 10.98
Interest Reserve Deposit 0.00
Interest Reserve Withdrawal 394,891.03
Specially Serviced Loans not Delinquent
Number of Outstanding Loans 0
Aggregate Unpaid Principal Balance 0.00
<fn>
(1) The Available Distribution Amount includes any Prepayment Premiums.
</fn>
Appraisal Reduction Amount
None
Cash Reconciliation Detail
<s>
Total Funds Collected
Interest:
Scheduled Interest 5,715,586.86
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 394,891.03
Total Interest Collected 6,110,477.89
Principal:
Scheduled Principal 796,762.83
Unscheduled Principal 2,379.69
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 2,379.69
Total Principal Collected 799,142.52
Other:
Prepayment Penalties/Yield Maintenance 0.00
Repayment Fees 0.00
Borrower Option Extension Fees 0.00
Equity Payments Received 0.00
Net Swap Counterparty Payments Received 0.00
Total Other Collected: 0.00
Total Funds Collected 6,909,620.41
Total Funds Distributed
Fees:
Master Servicing Fee 44,847.40
Trustee Fee 2,032.32
Certificate Administration Fee 0.00
Insurer Fee 0.00
Miscellaneous Fee 0.00
Total Fees 46,879.72
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 10.98
Total Additional Trust Fund Expenses 10.98
Interest Reserve Deposit 0.00
Payments to Certificateholders & Others:
Interest Distribution 6,063,587.22
Principal Distribution 799,142.52
Prepayment Penalties/Yield Maintenance 0.00
Borrower Option Extension Fees 0.00
Equity Payments Paid 0.00
Net Swap Counterparty Payments Paid 0.00
Total Payments to Certificateholders & Others 6,862,729.74
Total Funds Distributed 6,909,620.44
Ratings Detail
Class CUSIP Original Ratings Current Ratings (1)
Fitch Moody's S & P Fitch Moody's S & P
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 929766NM1 X Aaa AAA X Aaa AAA
A-2 929766NN9 X Aaa AAA X Aaa AAA
A-3 929766NP4 X Aaa AAA X Aaa AAA
A-4 929766NQ2 X Aaa AAA X Aaa AAA
A-1A 929766NV1 X Aaa AAA X Aaa AAA
X-P 929766PG2 X Aaa AAA X Aaa AAA
X-C 929766PH0 X Aaa AAA X Aaa AAA
B 929766NR0 X Aa2 AA X Aa2 AA
C 929766NS8 X Aa3 AA- X Aa3 AA-
D 929766NT6 X A2 A X A2 A
E 929766NU3 X A3 A- X A3 A-
F 929766NW9 X Baa1 BBB+ X Baa1 BBB+
G 929766NX7 X Baa2 BBB X Baa2 BBB
H 929766NY5 X Baa3 BBB- X Baa3 BBB-
J 929766NZ2 X Ba1 BB+ X Ba1 BB+
K 929766PA5 X Ba2 BB X Ba2 BB
L 929766PB3 X Ba3 BB- X Ba3 BB-
M 929766PC1 X B1 B+ X B1 B+
N 929766PD9 X B2 B X B2 B
O 929766PE7 X B3 B- X B3 B-
P 929766PF4 X NR NR X NR NR
SL 929766PJ6 X Baa2 BBB- X Baa2 BBB-
<FN>
NR - Designates that the class was not rated by the above agency at the time of
original issuance.
X - Designates that the above rating agency did not rate any classes in this transaction at the time of
original issuance.
N/A - Data not available this period.
1) For any class not rated at the time of original issuance by any particular
rating agency, no request has been made subsequent to issuance to obtain rating
information, if any, from such rating agency. The current ratings were obtained
directly from the applicable rating agency within 30 days of the payment date
listed above. The ratings may have changed since they were obtained. Because the
ratings may have changed, you may want to obtain current ratings directly from the
rating agencies.
Fitch, Inc.
One State Street Plaza
New York, New York 10004
(212) 908-0500
Moody's Investors Service
99 Church Street
New York, New York 10007
(212) 553-0300
Standard & Poor's Rating Services
55 Water Street
New York, New York 10041
(212) 438-2430
</FN>
Current Mortgage Loan and Property Stratification Tables
Aggregate Pool
Scheduled Balance
Scheduled # of Scheduled % of WAM WAC Weighted
Balance Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
2,000,000 or less 15 17,658,400.62 1.35 70 5.2374 2.452640
2,000,001 to 3,000,000 14 35,915,478.53 2.75 80 5.6717 1.812158
3,000,001 to 4,000,000 13 46,253,738.62 3.54 114 5.7867 1.464081
4,000,001 to 5,000,000 10 45,769,990.66 3.50 93 5.8999 1.399867
5,000,001 to 6,000,000 1 5,592,000.00 0.43 68 5.1000 2.090000
6,000,001 to 7,000,000 5 32,141,906.59 2.46 77 5.4201 1.712384
7,000,001 to 8,000,000 6 44,809,416.37 3.43 91 5.6705 1.330707
8,000,001 to 9,000,000 3 25,446,580.57 1.95 86 5.5532 1.316677
9,000,001 to 10,000,000 6 57,992,474.66 4.44 94 5.9033 1.887152
10,000,001 to 15,000,000 13 162,470,468.68 12.43 79 5.6802 1.392317
15,000,001 to 20,000,000 3 53,902,716.64 4.12 94 5.7699 1.373485
20,000,001 to 25,000,000 4 91,932,646.66 7.04 147 5.5365 1.826239
25,000,001 to 30,000,000 3 84,551,545.09 6.47 87 5.6724 1.364201
30,000,001 to 35,000,000 0 0.00 0.00 0 0.0000 0.000000
40,000,001 to 45,000,000 1 45,000,000.00 3.44 105 5.7300 1.460000
45,000,001 to 50,000,000 1 49,000,000.00 3.75 107 4.8000 2.580000
75,000,001 to 80,000,000 2 160,000,000.00 12.24 111 5.3400 1.960000
80,000,001 and greater 3 348,333,333.00 26.66 106 5.7202 1.730000
Totals 103 1,306,770,696.69 100.00 101 5.6145 1.684537
State (3)
State # of Scheduled % of WAM WAC Weighted
Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Alabama 3 29,580,787.25 2.26 94 5.7994 1.414418
Arizona 3 34,823,051.55 2.66 81 5.5149 1.380488
Arkansas 2 7,283,536.01 0.56 172 6.1656 1.295110
California 7 110,418,047.83 8.45 86 5.7887 1.521944
Colorado 3 9,909,520.42 0.76 79 5.6275 1.718765
Connecticut 1 3,402,420.62 0.26 106 5.9100 1.500000
Florida 15 264,852,023.78 20.27 97 6.0245 1.451180
Georgia 10 119,617,624.08 9.15 104 5.4272 1.708380
Idaho 1 6,225,000.00 0.48 56 5.3200 1.880000
Illinois 5 98,317,951.68 7.52 107 5.4122 1.938823
Indiana 1 11,671,244.43 0.89 71 5.4100 1.330000
Iowa 1 1,727,530.59 0.13 165 6.5400 1.320000
Kentucky 1 1,680,000.00 0.13 45 4.2900 3.390000
Maryland 2 18,086,225.54 1.38 105 5.8721 1.393674
Michigan 2 5,663,801.62 0.43 81 5.3288 2.027636
Minnesota 2 8,504,962.67 0.65 105 6.3472 1.133207
Mississippi 2 2,939,527.94 0.22 57 5.1931 2.380394
Nevada 4 43,277,983.80 3.31 60 5.4048 1.263873
New Jersey 3 45,325,696.07 3.47 106 5.5194 1.430593
New Mexico 2 2,952,910.98 0.23 110 6.3620 1.331448
New York 6 303,623,333.00 23.23 121 5.3735 2.123180
Ohio 2 4,738,564.44 0.36 61 4.7820 2.373380
Oklahoma 2 2,343,000.00 0.18 45 4.2900 3.260000
Oregon 1 3,649,432.25 0.28 107 5.6200 1.480000
Pennsylvania 1 2,522,601.05 0.19 106 5.6300 1.440000
South Carolina 8 36,826,107.96 2.82 87 5.3496 1.289915
Texas 5 21,979,914.03 1.68 70 5.4237 1.458590
Utah 1 12,894,173.05 0.99 105 5.5900 1.160000
Virginia 2 26,831,120.20 2.05 105 5.8681 1.306640
Washington 2 16,925,043.01 1.30 43 5.2926 1.708412
Washington,DC 1 5,592,000.00 0.43 68 5.1000 2.090000
West Virginia 1 18,149,390.44 1.39 106 5.9700 1.380000
Wyoming 1 436,170.40 0.03 137 8.5000 1.330000
Totals 103 1,306,770,696.69 100.00 101 5.6145 1.684537
Debt Service Coverage Ratio (1)
Debt Service # of Scheduled % of WAM WAC Weighted
Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
1.19 or less 13 107,247,823.93 8.21 73 5.5404 1.126557
1.20 to 1.24 4 26,810,614.73 2.05 86 5.6463 1.217592
1.25 to 1.29 7 153,916,091.70 11.78 103 6.0837 1.268053
1.30 to 1.34 12 71,832,444.87 5.50 99 5.9840 1.317572
1.35 to 1.39 14 165,527,474.60 12.67 84 5.6570 1.378919
1.40 to 1.44 5 43,046,107.38 3.29 104 5.4719 1.408114
1.45 to 1.49 6 81,585,525.53 6.24 104 5.7279 1.470600
1.50 to 1.54 4 45,761,641.61 3.50 107 5.7110 1.508267
1.55 to 1.59 3 15,164,272.97 1.16 80 5.6201 1.565942
1.60 to 1.64 3 7,013,253.40 0.54 79 5.9074 1.614813
1.65 to 1.69 1 9,268,645.75 0.71 106 7.1500 1.690000
1.70 to 1.74 0 0.00 0.00 0 0.0000 0.000000
1.75 to 1.79 2 149,988,456.90 11.48 105 5.3121 1.760000
1.80 to 1.84 1 2,951,064.44 0.23 70 5.0800 1.800000
1.85 to 1.89 4 95,615,508.39 7.32 107 5.4502 1.853917
1.90 to 2.04 2 11,236,308.22 0.86 106 5.5115 1.932320
2.05 to 2.09 3 86,871,760.92 6.65 104 5.3005 2.071435
2.10 to 2.14 1 11,810,307.32 0.90 82 7.4000 2.110000
2.15 to 2.19 1 100,000,000.00 7.65 107 5.7600 2.170000
2.20 to 2.29 1 10,000,000.00 0.77 107 5.4500 2.220000
2.30 or greater 16 111,123,394.03 8.50 132 5.0246 2.853455
Totals 103 1,306,770,696.69 100.00 101 5.6145 1.684537
Property Type (3)
Property # of Scheduled % of WAM WAC Weighted
Type Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Industrial 1 4,653,673.82 0.36 105 6.3200 1.020000
Lodging 2 21,078,953.07 1.61 93 7.2901 1.925321
Mixed Use 3 17,307,468.68 1.32 97 5.8442 1.509372
Mobile Home Park 2 11,772,601.05 0.90 107 5.6536 1.337856
Multi-Family 28 285,997,132.36 21.89 84 5.4939 1.363735
Office 14 565,190,730.73 43.25 110 5.5743 1.809950
Other 1 4,468,778.09 0.34 105 7.0700 1.870000
Retail 52 372,301,358.89 28.49 99 5.6257 1.720841
Totals 103 1,306,770,696.69 100.00 101 5.6145 1.684537
Note Rate
Note Rate # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
5.249 or less 21 109,673,075.36 8.39 81 4.8435 2.328285
5.250 to 5.499 17 464,931,617.65 35.58 97 5.3405 1.726803
5.500 to 5.749 23 260,587,949.35 19.94 87 5.6271 1.415120
5.750 to 5.999 16 256,988,348.33 19.67 124 5.7971 1.870257
6.000 to 6.249 14 65,741,590.55 5.03 104 6.0871 1.346268
6.250 to 6.499 4 117,456,917.46 8.99 109 6.2580 1.262787
6.500 to 6.749 1 1,727,530.59 0.13 165 6.5400 1.320000
7.000 to 7.249 2 13,737,423.84 1.05 106 7.1240 1.748554
7.250 to 7.499 1 11,810,307.32 0.90 82 7.4000 2.110000
8.000 to 8.249 1 260,671.06 0.02 110 8.1000 2.030000
8.250 to 8.499 1 2,991,533.98 0.23 64 8.4500 1.330000
8.500 and greater 2 863,731.20 0.07 137 8.5000 1.334950
Totals 103 1,306,770,696.69 100.00 101 5.6145 1.684537
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 1 24,000,000.00 1.84 298 5.7600 3.120000
13 to 24 months 98 1,278,654,760.45 97.85 97 5.6026 1.658589
25 to 36 months 0 0.00 0.00 0 0.0000 0.000000
37 months or greater 4 4,115,936.24 0.31 82 8.4383 1.375371
Totals 103 1,306,770,696.69 100.00 101 5.6145 1.684537
Anticipated Remaining Term (ARD and Balloon Loans)
Anticipated # of Scheduled % of WAM WAC Weighted
Remaining Term (2) Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
60 months or less 22 128,992,683.93 9.87 46 5.2912 1.616249
61 to 84 months 22 160,069,034.79 12.25 71 5.5983 1.599864
85 to 108 months 51 903,318,869.76 69.13 106 5.6738 1.660541
109 to 120 months 1 80,000,000.00 6.12 114 5.3600 1.850000
121 to 156 months 0 0.00 0.00 0 0.0000 0.000000
157 to 168 months 1 1,727,530.59 0.13 165 6.5400 1.320000
169 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 to 192 months 0 0.00 0.00 0 0.0000 0.000000
193 to 228 months 0 0.00 0.00 0 0.0000 0.000000
229 months or greater 1 24,000,000.00 1.84 298 5.7600 3.120000
Totals 98 1,298,108,119.07 99.34 100 5.6099 1.686864
Remaining Stated Term (Fully Amortizing Loans)
Remaining Stated # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
60 months or less 0 0.00 0.00 0 0.0000 0.000000
61 to 84 months 0 0.00 0.00 0 0.0000 0.000000
85 to 108 months 0 0.00 0.00 0 0.0000 0.000000
109 to 120 months 1 260,671.06 0.02 110 8.1000 2.030000
121 to 156 months 2 863,731.20 0.07 137 8.5000 1.334950
169 to 180 months 1 3,586,220.57 0.27 178 5.6600 1.270000
181 to 192 months 0 0.00 0.00 0 0.0000 0.000000
229 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 5 8,662,577.62 0.66 194 6.2994 1.335843
Remaining Amortization Term (ARD and Balloon Loans)
Remaining Amortization # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Interest Only 38 827,271,055.12 63.31 103 5.4961 1.825039
132 months or less 0 0.00 0.00 0 0.0000 0.000000
133 to 144 months 0 0.00 0.00 0 0.0000 0.000000
145 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 to 192 months 0 0.00 0.00 0 0.0000 0.000000
193 to 228 months 4 24,404,832.99 1.87 106 6.4807 1.559991
229 to 264 months 0 0.00 0.00 0 0.0000 0.000000
265 to 300 months 7 28,272,774.78 2.16 92 6.6610 1.603815
301 to 348 months 49 418,159,456.18 32.00 93 5.7132 1.426523
349 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 98 1,298,108,119.07 99.34 100 5.6099 1.686864
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 40 280,047,865.37 21.43 111 5.6359 1.724754
1 year or less 63 1,026,722,831.32 78.57 98 5.6086 1.673567
1 to 2 years 0 0.00 0.00 0 0.0000 0.000000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 103 1,306,770,696.69 100.00 101 5.6145 1.684537
<FN>
(1) The Trustee makes no representations as to the accuracy of the data
provided by the borrower for this calculation. "NAP" means not applicable and
relates to the ommission of credit lease loans in the calculation of DSCR.
(2) Anticipated Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro-rata the current loan
information to the properties based upon the Cut-off Date Balance of the related
mortgage loan as disclosed in the offering document.
</FN>
Current Mortgage Loan and Property Stratification Tables
Group 1
Scheduled Balance
Scheduled # of Scheduled % of WAM WAC Weighted
Balance Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
2,000,000 or less 13 14,651,109.11 1.12 61 5.1081 2.618740
2,000,001 to 3,000,000 12 30,812,420.87 2.36 79 5.7077 1.964798
3,000,001 to 4,000,000 11 39,189,954.33 3.00 108 5.7661 1.498937
4,000,001 to 5,000,000 7 32,169,990.66 2.46 98 6.0938 1.468648
5,000,001 to 6,000,000 1 5,592,000.00 0.43 68 5.1000 2.090000
6,000,001 to 7,000,000 4 25,491,906.59 1.95 79 5.4670 1.866917
7,000,001 to 8,000,000 6 44,809,416.37 3.43 91 5.6705 1.330707
8,000,001 to 9,000,000 3 25,446,580.57 1.95 86 5.5532 1.316677
9,000,001 to 10,000,000 4 38,747,199.72 2.97 97 6.0860 2.106747
10,000,001 to 15,000,000 6 75,524,982.71 5.78 90 5.9514 1.556235
15,000,001 to 20,000,000 2 34,429,728.71 2.63 106 5.8660 1.432014
20,000,001 to 25,000,000 2 47,246,455.74 3.62 203 5.7895 2.234354
25,000,001 to 30,000,000 3 84,551,545.09 6.47 87 5.6724 1.364201
30,000,001 to 35,000,000 0 0.00 0.00 0 0.0000 0.000000
45,000,001 to 50,000,000 1 49,000,000.00 3.75 107 4.8000 2.580000
75,000,001 to 80,000,000 2 160,000,000.00 12.24 111 5.3400 1.960000
80,000,001 and greater 3 348,333,333.00 26.66 106 5.7202 1.730000
Totals 80 1,055,996,623.47 80.81 104 5.6426 1.770200
State (3)
State # of Scheduled % of WAM WAC Weighted
Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Alabama 2 19,585,512.31 1.50 106 5.9930 1.335018
Arizona 2 11,323,051.55 0.87 106 6.0646 1.360746
Arkansas 1 3,331,581.22 0.25 107 6.0300 1.230000
California 5 56,168,047.83 4.30 68 5.8570 1.606476
Colorado 3 9,909,520.42 0.76 79 5.6275 1.718765
Connecticut 1 3,402,420.62 0.26 106 5.9100 1.500000
Florida 13 232,779,035.85 17.81 102 6.0884 1.471813
Georgia 7 110,426,033.66 8.45 106 5.4162 1.744821
Idaho 1 6,225,000.00 0.48 56 5.3200 1.880000
Illinois 4 95,364,894.02 7.30 107 5.4061 1.970371
Kentucky 1 1,680,000.00 0.13 45 4.2900 3.390000
Maryland 2 18,086,225.54 1.38 105 5.8721 1.393674
Michigan 2 5,663,801.62 0.43 81 5.3288 2.027636
Minnesota 2 8,504,962.67 0.65 105 6.3472 1.133207
Mississippi 2 2,939,527.94 0.22 57 5.1931 2.380394
Nevada 1 8,497,915.31 0.65 46 5.4000 1.390000
New Jersey 2 24,139,505.15 1.85 106 5.7207 1.457443
New Mexico 2 2,952,910.98 0.23 110 6.3620 1.331448
New York 6 303,623,333.00 23.23 121 5.3735 2.123180
Ohio 2 4,738,564.44 0.36 61 4.7820 2.373380
Oklahoma 2 2,343,000.00 0.18 45 4.2900 3.260000
Oregon 1 3,649,432.25 0.28 107 5.6200 1.480000
Pennsylvania 1 2,522,601.05 0.19 106 5.6300 1.440000
South Carolina 4 19,226,107.96 1.47 103 5.4500 1.392771
Texas 4 6,979,914.03 0.53 71 5.4961 1.971325
Virginia 2 26,831,120.20 2.05 105 5.8681 1.306640
Washington 2 16,925,043.01 1.30 43 5.2926 1.708412
Washington,DC 1 5,592,000.00 0.43 68 5.1000 2.090000
West Virginia 1 18,149,390.44 1.39 106 5.9700 1.380000
Wyoming 1 436,170.40 0.03 137 8.5000 1.330000
Totals 80 1,055,996,623.47 80.81 104 5.6426 1.770200
Debt Service Coverage Ratio (1)
Debt Service # of Scheduled % of WAM WAC Weighted
Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
1.19 or less 4 47,920,338.69 3.67 62 5.6486 1.124980
1.20 to 1.24 3 11,810,614.73 0.90 107 5.9719 1.214533
1.25 to 1.29 6 134,443,103.77 10.29 107 6.1537 1.267771
1.30 to 1.34 9 49,183,669.85 3.76 102 6.1617 1.315962
1.35 to 1.39 10 112,713,876.35 8.63 91 5.7667 1.382997
1.40 to 1.44 4 21,859,916.46 1.67 102 5.6482 1.415978
1.45 to 1.49 4 32,535,525.53 2.49 107 5.7858 1.482846
1.50 to 1.54 4 45,761,641.61 3.50 107 5.7110 1.508267
1.55 to 1.59 2 5,168,998.03 0.40 100 6.0072 1.558094
1.60 to 1.64 3 7,013,253.40 0.54 79 5.9074 1.614813
1.65 to 1.69 1 9,268,645.75 0.71 106 7.1500 1.690000
1.70 to 1.74 0 0.00 0.00 0 0.0000 0.000000
1.75 to 1.79 2 149,988,456.90 11.48 105 5.3121 1.760000
1.80 to 1.84 1 2,951,064.44 0.23 70 5.0800 1.800000
1.85 to 1.89 4 95,615,508.39 7.32 107 5.4502 1.853917
1.90 to 2.04 2 11,236,308.22 0.86 106 5.5115 1.932320
2.05 to 2.09 2 85,592,000.00 6.55 104 5.3056 2.071307
2.10 to 2.14 1 11,810,307.32 0.90 82 7.4000 2.110000
2.15 to 2.19 1 100,000,000.00 7.65 107 5.7600 2.170000
2.20 to 2.29 1 10,000,000.00 0.77 107 5.4500 2.220000
2.30 or greater 16 111,123,394.03 8.50 132 5.0246 2.853455
Totals 80 1,055,996,623.47 80.81 104 5.6426 1.770200
Property Type (3)
Property # of Scheduled % of WAM WAC Weighted
Type Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Industrial 1 4,653,673.82 0.36 105 6.3200 1.020000
Lodging 2 21,078,953.07 1.61 93 7.2901 1.925321
Mixed Use 3 17,307,468.68 1.32 97 5.8442 1.509372
Mobile Home Park 1 2,522,601.05 0.19 106 5.6300 1.440000
Multi-Family 6 44,473,059.14 3.40 86 5.5159 1.577661
Office 14 565,190,730.73 43.25 110 5.5743 1.809950
Other 1 4,468,778.09 0.34 105 7.0700 1.870000
Retail 52 372,301,358.89 28.49 99 5.6257 1.720841
Totals 80 1,055,996,623.47 80.81 104 5.6426 1.770200
Note Rate
Note Rate # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
5.249 or less 16 90,793,314.44 6.95 84 4.7650 2.554850
5.250 to 5.499 8 345,687,009.37 26.45 105 5.3357 1.864339
5.500 to 5.749 17 158,417,730.71 12.12 84 5.6127 1.461523
5.750 to 5.999 15 252,188,348.33 19.30 124 5.7968 1.884537
6.000 to 6.249 14 65,741,590.55 5.03 104 6.0871 1.346268
6.250 to 6.499 3 113,504,962.67 8.69 105 6.2573 1.259750
7.000 to 7.249 2 13,737,423.84 1.05 106 7.1240 1.748554
7.250 to 7.499 1 11,810,307.32 0.90 82 7.4000 2.110000
8.000 to 8.249 1 260,671.06 0.02 110 8.1000 2.030000
8.250 to 8.499 1 2,991,533.98 0.23 64 8.4500 1.330000
8.500 or greater 2 863,731.20 0.07 137 8.5000 1.334950
Totals 80 1,055,996,623.47 80.81 104 5.6426 1.770200
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 1 24,000,000.00 1.84 298 5.7600 3.120000
13 to 24 months 75 1,027,880,687.23 78.66 100 5.6286 1.740265
25 to 36 months 0 0.00 0.00 0 0.0000 0.000000
37 months or greater 4 4,115,936.24 0.31 82 8.4383 1.375371
Totals 80 1,055,996,623.47 80.81 104 5.6426 1.770200
Anticipated Remaining Term (ARD and Balloon Loans)
Anticipated # of Scheduled % of WAM WAC Weighted
Remaining Term (2) Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
60 months or less 17 87,659,440.22 6.71 47 5.2312 1.762488
61 to 84 months 13 62,829,527.49 4.81 74 5.9415 2.044463
85 to 108 months 44 796,797,032.93 60.97 106 5.6851 1.703391
109 to 120 months 1 80,000,000.00 6.12 114 5.3600 1.850000
121 to 156 months 0 0.00 0.00 0 0.0000 0.000000
157 to 168 months 0 0.00 0.00 0 0.0000 0.000000
169 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 to 192 months 0 0.00 0.00 0 0.0000 0.000000
193 to 228 months 0 0.00 0.00 0 0.0000 0.000000
229 months or greater 1 24,000,000.00 1.84 298 5.7600 3.120000
Totals 76 1,051,286,000.64 80.45 104 5.6396 1.772200
Remaining Stated Term (Fully Amortizing Loans)
Remaining Stated # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
60 months or less 0 0.00 0.00 0 0.0000 0.000000
61 to 84 months 0 0.00 0.00 0 0.0000 0.000000
85 to 108 months 0 0.00 0.00 0 0.0000 0.000000
109 to 120 months 1 260,671.06 0.02 110 8.1000 2.030000
121 to 156 months 2 863,731.20 0.07 137 8.5000 1.334950
181 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 4 4,710,622.83 0.36 167 6.3158 1.323965
Remaining Amortization Term (ARD and Balloon Loans)
Remaining Amortization # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Interest Only 27 680,048,067.19 52.04 108 5.4906 1.931008
132 months or less 0 0.00 0.00 0 0.0000 0.000000
133 to 144 months 0 0.00 0.00 0 0.0000 0.000000
145 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 to 192 months 0 0.00 0.00 0 0.0000 0.000000
193 to 228 months 4 24,404,832.99 1.87 106 6.4807 1.559991
229 to 264 months 0 0.00 0.00 0 0.0000 0.000000
265 to 300 months 7 28,272,774.78 2.16 92 6.6610 1.603815
301 to 348 months 38 318,560,325.68 24.38 97 5.8026 1.464385
349 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 76 1,051,286,000.64 80.45 104 5.6396 1.772200
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 34 222,547,135.56 17.03 119 5.6849 1.816091
1 year or less 46 833,449,487.91 63.78 101 5.6313 1.757946
1 to 2 years 0 0.00 0.00 0 0.0000 0.000000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 80 1,055,996,623.47 80.81 104 5.6426 1.770200
<FN>
(1) The Trustee makes no representations as to the accuracy of the data
provided by the borrower for this calculation. "NAP" means not applicable and
relates to the ommission of credit lease loans in the calculation of DSCR.
(2) Anticipated Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro-rata the current loan
information to the properties based upon the Cut-off Date Balance of the related
mortgage loan as disclosed in the offering document.
</FN>
Current Mortgage Loan and Property Stratification Tables
Group 2
Scheduled Balance
Scheduled # of Scheduled % of WAM WAC Weighted
Balance Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
2,000,000 or less 2 3,007,291.51 0.23 115 5.8676 1.643420
2,000,001 to 3,000,000 2 5,103,057.66 0.39 90 5.4541 0.890508
3,000,001 to 4,000,000 2 7,063,784.29 0.54 147 5.9011 1.270704
4,000,001 to 5,000,000 3 13,600,000.00 1.04 82 5.4412 1.237169
6,000,001 to 7,000,000 1 6,650,000.00 0.51 69 5.2400 1.120000
9,000,001 to 10,000,000 2 19,245,274.94 1.47 88 5.5354 1.445034
10,000,001 to 15,000,000 7 86,945,485.97 6.65 69 5.4447 1.249930
15,000,001 to 20,000,000 1 19,472,987.93 1.49 71 5.6000 1.270000
20,000,001 to 25,000,000 2 44,686,190.92 3.42 87 5.2690 1.394741
40,000,001 and greater 1 45,000,000.00 3.44 105 5.7300 1.460000
Totals 23 250,774,073.22 19.19 84 5.4961 1.323814
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 9,995,274.94 0.76 70 5.4200 1.570000
Arizona 1 23,500,000.00 1.80 69 5.2500 1.390000
Arkansas 1 3,951,954.79 0.30 226 6.2800 1.350000
California 2 54,250,000.00 4.15 105 5.7181 1.434424
Florida 2 32,072,987.93 2.45 61 5.5607 1.301428
Georgia 3 9,191,590.42 0.70 77 5.5596 1.270590
Illinois 1 2,953,057.66 0.23 105 5.6100 0.920000
Indiana 1 11,671,244.43 0.89 71 5.4100 1.330000
Iowa 1 1,727,530.59 0.13 165 6.5400 1.320000
Nevada 3 34,780,068.49 2.66 64 5.4060 1.233057
New Jersey 1 21,186,190.92 1.62 107 5.2900 1.400000
South Carolina 4 17,600,000.00 1.35 69 5.2400 1.177557
Texas 1 15,000,000.00 1.15 70 5.3900 1.220000
Utah 1 12,894,173.05 0.99 105 5.5900 1.160000
Totals 23 250,774,073.22 19.19 84 5.4961 1.323814
Debt Service Coverage Ratio (1)
Debt Service # of Scheduled % of WAM WAC Weighted
Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
1.24 or less 10 74,327,485.24 5.69 80 5.4402 1.146431
1.25 to 1.29 1 19,472,987.93 1.49 71 5.6000 1.270000
1.30 to 1.34 3 22,648,775.02 1.73 93 5.5983 1.321069
1.35 to 1.39 4 52,813,598.25 4.04 69 5.4230 1.370215
1.40 to 1.54 3 70,236,190.92 5.37 104 5.5690 1.443631
1.55 to 1.59 1 9,995,274.94 0.76 70 5.4200 1.570000
1.60 to 2.29 1 1,279,760.92 0.10 47 4.9600 2.080000
2.30 and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 23 250,774,073.22 19.19 84 5.4961 1.323814
Property Type (3)
Property # of Scheduled % of WAM WAC Weighted
Type Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Mobile Home Park 1 9,250,000.00 0.71 107 5.6600 1.310000
Multi-Family 22 241,524,073.22 18.48 83 5.4898 1.324343
Totals 23 250,774,073.22 19.19 84 5.4961 1.323814
Note Rate
Note Rate # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
5.249 or less 5 18,879,760.92 1.44 68 5.2210 1.238729
5.250 to 5.499 9 119,244,608.28 9.13 74 5.3546 1.328091
5.500 to 5.749 6 102,170,218.64 7.82 91 5.6494 1.343173
5.750 to 5.999 1 4,800,000.00 0.37 105 5.8100 1.120000
6.250 to 6.499 1 3,951,954.79 0.30 226 6.2800 1.350000
6.500 or greater 1 1,727,530.59 0.13 165 6.5400 1.320000
Totals 23 250,774,073.22 19.19 84 5.4961 1.323814
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 23 250,774,073.22 19.19 84 5.4961 1.323814
25 to 36 months 0 0.00 0.00 0 0.0000 0.000000
37 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 23 250,774,073.22 19.19 84 5.4961 1.323814
Anticipated Remaining Term (ARD and Balloon Loans)
Anticipated # of Scheduled % of WAM WAC Weighted
Remaining Term (2) Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
60 months or less 5 41,333,243.71 3.16 46 5.4184 1.306106
61 to 84 months 9 97,239,507.30 7.44 70 5.3766 1.312594
85 to 108 months 7 106,521,836.83 8.15 106 5.5894 1.340018
109 to 120 months 0 0.00 0.00 0 0.0000 0.000000
121 to 168 months 1 1,727,530.59 0.13 165 6.5400 1.320000
169 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 to 228 months 0 0.00 0.00 0 0.0000 0.000000
229 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 22 246,822,118.43 18.89 82 5.4835 1.323395
Remaining Stated Term (Fully Amortizing Loans)
Remaining Stated # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
60 months or less 0 0.00 0.00 0 0.0000 0.000000
61 to 84 months 0 0.00 0.00 0 0.0000 0.000000
85 to 108 months 0 0.00 0.00 0 0.0000 0.000000
109 to 120 months 0 0.00 0.00 0 0.0000 0.000000
121 to 168 months 0 0.00 0.00 0 0.0000 0.000000
169 to 180 months 0 0.00 0.00 0 0.0000 0.000000
181 months or greater 1 3,951,954.79 0.30 226 6.2800 1.350000
Totals 1 3,951,954.79 0.30 226 6.2800 1.350000
Remaining Amortization Term (ARD and Balloon Loans)
Remaining Amortization # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Interest Only 11 147,222,987.93 11.27 82 5.5215 1.335554
264 months or less 0 0.00 0.00 0 0.0000 0.000000
265 to 300 months 0 0.00 0.00 0 0.0000 0.000000
301 to 348 months 11 99,599,130.50 7.62 82 5.4274 1.305422
349 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 22 246,822,118.43 18.89 82 5.4835 1.323395
Age of Most Recent NOI
Age of Most # of Scheduled % of WAM WAC Weighted
Recent NOI Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Underwriter's Information 6 57,500,729.81 4.40 78 5.4461 1.371248
1 year or less 17 193,273,343.41 14.79 86 5.5110 1.309702
1 to 2 years 0 0.00 0.00 0 0.0000 0.000000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 23 250,774,073.22 19.19 84 5.4961 1.323814
<FN>
(1) The Trustee makes no representations as to the accuracy of the data
provided by the borrower for this calculation. "NAP" means not applicable and
relates to the ommission of credit lease loans in the calculation of DSCR.
(2) Anticipated Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro-rata the current loan
information to the properties based upon the Cut-off Date Balance of the related
mortgage loan as disclosed in the offering document.
</FN>
Mortgage Loan Detail
Loan Property Interest Principal Gross
Number ODCR Type (1) City State Payment Payment Coupon
<s> <c> <c> <c> <c> <c> <c> <c>
509792703 1 OF New York NY 591,331.22 0.00 5.304%
509788507 2 OF West Palm Beach FL 510,416.67 0.00 6.250%
502794214 3.1 OF New York NY 448,000.00 0.00 5.760%
316000012 3.2 OF New York NY 107,520.00 0.00 5.760%
502792727 4 OF Atlanta GA 333,511.11 0.00 5.360%
502797008 5 RT North Riverside IL 331,022.22 0.00 5.320%
502786511 6 OF New York NY 182,933.33 0.00 4.800%
502781022 7 MF Santa Ana CA 200,550.00 0.00 5.730%
502778927 8 RT West Palm Beach FL 134,353.98 42,953.23 5.760%
502775422 9 OF Los Angeles CA 118,494.44 0.00 5.540%
502777904 10 RT Fort Lauderdale FL 120,549.55 39,234.88 5.710%
730000011 11 OF Fairfax VA 105,380.12 33,394.32 5.820%
730000012 12 MF Glendale AZ 95,958.33 0.00 5.250%
502784419 13 MF Galloway NJ 87,300.89 31,956.13 5.290%
502791512 14 MF Kissimmee FL 84,933.33 27,012.07 5.600%
502750017 15 RT Barboursville WV 84,392.40 25,570.26 5.970%
502785102 16 RT Raritan NJ 72,913.83 23,375.69 5.750%
502786622 17 MF Dallas TX 62,883.33 0.00 5.390%
830000018 18 RT Montgomery AL 69,386.65 20,500.02 6.064%
730000019 19 OF Everett WA 58,582.81 20,261.33 5.540%
730000020 20 MF Juno Beach FL 57,367.94 19,786.84 5.610%
502781705 21 MF Orem UT 56,143.51 18,978.25 5.590%
502775810 22 MF Las Vegas NV 53,679.10 19,095.29 5.400%
502787117 23 MF Oakland Park FL 53,900.00 0.00 5.500%
502779331 24 LO Little Torch Key FL 68,088.90 19,810.96 7.400%
502788502 25 MF Columbus IN 49,183.12 17,376.05 5.410%
502775912 26 MF Las Vegas NV 48,708.82 17,327.20 5.400%
502791201 27 RT Aliso Viejo CA 50,101.27 16,426.31 5.670%
502781517 28 RT Delray Beach FL 49,903.13 12,209.02 5.450%
502790218 29 MF Las Vegas NV 44,069.42 15,585.25 5.420%
502793305 30 MF Hoover AL 42,198.55 14,923.61 5.420%
502772636 31 RT Culver City CA 43,176.47 14,357.61 5.620%
502794003 32 MF New York NY 42,388.89 0.00 5.450%
730000033 33 RT Cockeysville MD 46,430.81 13,284.92 6.200%
502769505 34 LO Cocoa Beach FL 51,671.85 22,996.20 7.150%
502796809 35 MH Paramount CA 40,720.56 0.00 5.660%
502775804 36 MF Las Vegas NV 35,744.65 12,715.46 5.400%
502790724 37 RT Hampton GA 38,034.62 12,207.29 5.760%
730000038 38 RT Towson MD 36,290.70 12,539.15 5.500%
730000039 39 RT Old Bridge NJ 34,648.78 11,580.67 5.660%
502775520 40 OF Tinley Park IL 35,259.38 10,905.49 5.880%
502786410 41 MF Greenville SC 30,566.67 0.00 5.240%
730000042 42 RT Sumter SC 32,363.19 20,079.22 5.700%
502787202 43 RT Conyers GA 31,226.88 10,789.51 5.500%
830000044 44 RT Peoria AZ 33,844.83 10,036.75 6.050%
730000045 45 MU Westminster CO 28,407.53 9,833.57 5.480%
502786407 46 MF Greenville SC 27,102.44 0.00 5.240%
502781514 47 MU Miami Beach FL 30,735.05 9,090.24 6.060%
730000048 48 OF Boise ID 25,757.67 0.00 5.320%
502787901 49 RT McDonough GA 25,264.17 0.00 4.970%
830000050 50 OF Washington DC 22,181.60 0.00 5.100%
730000051 51 RT Orlando FL 21,506.57 7,200.18 5.610%
502777601 52 RT Pensacola FL 22,478.99 8,346.75 5.880%
502786418 53 RT Millbrook AL 22,034.40 7,005.41 5.780%
730000054 54 MF Atlanta GA 21,690.67 0.00 5.810%
502786405 55 MF Taylors SC 19,358.89 0.00 5.240%
502783920 56 IN Edina MN 22,917.78 8,622.36 6.320%
830000057 57 OT Santa Rosa CA 24,635.02 11,222.27 7.070%
730000058 58 RT Orlando FL 19,520.40 5,933.18 5.990%
730000059 59 MU Tucson AZ 19,639.86 5,784.80 6.090%
830000060 60 MF Fayetteville AR 19,355.45 10,717.73 6.280%
502786506 61 MF Greenville SC 16,506.00 0.00 5.240%
502793711 62 RT McHenry IL 17,253.67 5,759.96 5.620%
502784426 63 RT St. Paul MN 19,136.79 5,206.89 6.380%
730000064 64 RT Chicago IL 17,559.34 7,040.39 6.050%
830000065 65 RT Irmo SC 15,849.55 14,131.32 5.660%
730000066 66 RT Sherwood OR 15,975.29 5,312.32 5.620%
502772410 67 RT Hampton VA 17,254.05 4,943.71 6.180%
730000068 68 RT Lithonia GA 14,663.86 9,511.14 5.550%
502789103 69 RT Bloomfield CT 15,661.96 4,823.33 5.910%
502773210 70 RT Westland MI 15,888.34 6,403.37 6.030%
502793308 71 RT Hot Springs AR 15,646.91 4,647.05 6.030%
502768517 72 RT Seattle WA 11,176.17 0.00 4.290%
730000073 73 MF Atlanta GA 13,137.68 4,646.16 5.420%
730000074 74 RT Arvada CO 13,384.94 4,394.66 5.740%
730000075 75 RT Sacramento CA 19,687.57 4,038.99 8.450%
730000076 76 RT Loveland OH 11,678.05 4,573.59 5.080%
502778604 77 MF Champaign IL 12,904.10 4,337.19 5.610%
730000078 78 MF Savannah GA 13,109.35 6,152.97 5.960%
502791612 79 MF Rio Rancho NM 11,801.52 3,546.97 6.000%
502794110 80 MH Skippack Township PA 11,062.32 3,682.57 5.630%
730000081 81 RT Clearwater FL 11,572.80 3,584.83 5.920%
502768514 82 RT Jacksonville FL 8,377.54 0.00 4.290%
730000083 83 OF Norcross GA 11,222.56 0.00 6.140%
502789322 84 RT Saginaw MI 7,615.94 0.00 4.290%
502789321 85 RT La Marque TX 7,597.59 0.00 4.290%
502786508 86 MF Greenville SC 8,762.44 0.00 5.240%
830000087 87 RT Mt. Pleasant TX 9,837.77 4,120.04 6.080%
502771102 88 RT Hamilton OH 5,964.29 0.00 4.290%
730000089 89 MF Waukee IA 8,799.11 2,308.16 6.540%
730000090 90 OF Olive Branch MS 7,646.35 2,415.23 5.880%
502771130 91 RT London KY 5,605.60 0.00 4.290%
830000092 92 RT Kilgore TX 7,778.70 3,257.71 6.080%
730000093 93 MF Forest Park GA 4,944.76 2,002.18 4.960%
502771122 94 RT Mechanicville NY 4,304.30 0.00 4.290%
502771202 95 RT Laurel MS 4,237.57 0.00 4.290%
502789414 96 RT Tulsa OK 4,055.72 0.00 4.290%
502789415 97 RT Broken Arrow OK 3,762.09 0.00 4.290%
830000098 98 RT San Antonio TX 4,667.22 1,954.62 6.080%
502789319 99 RT Columbia SC 2,869.53 0.00 4.290%
730000100 100 RT Rock Springs WY 3,102.87 1,882.06 8.500%
730000101 101 RT Silver City NM 3,041.62 1,844.91 8.500%
730000102 102 RT Lamar CO 1,770.29 1,594.73 8.100%
Totals 5,715,586.86 799,142.52
Loan Anticipated Maturity Neg. Beginning Ending Paid Thru
Number Repayment Date Amort Scheduled Scheduled Date
Date (Y/N) Balance Balance
<s> <c> <c> <c> <c> <c> <c>
509792703 01/11/2014 01/11/2034 N 143,333,333.00 143,333,333.00 03/11/2005
509788507 N/A 12/11/2013 N 105,000,000.00 105,000,000.00 03/11/2005
502794214 02/11/2014 01/11/2030 N 100,000,000.00 100,000,000.00 03/11/2005
316000012 N/A 01/11/2030 N 24,000,000.00 24,000,000.00 03/11/2005
502792727 N/A 09/11/2014 N 80,000,000.00 80,000,000.00 03/11/2005
502797008 N/A 02/11/2014 N 80,000,000.00 80,000,000.00 03/11/2005
502786511 N/A 02/11/2014 N 49,000,000.00 49,000,000.00 03/11/2005
502781022 12/11/2013 12/11/2033 N 45,000,000.00 45,000,000.00 03/11/2005
502778927 02/11/2014 02/11/2034 N 29,989,727.24 29,946,774.01 03/11/2005
502775422 12/11/2008 12/11/2033 N 27,500,000.00 27,500,000.00 03/11/2005
502777904 01/11/2014 12/11/2033 N 27,144,005.96 27,104,771.08 03/11/2005
730000011 N/A 12/01/2013 N 23,279,850.06 23,246,455.74 03/11/2005
730000012 N/A 12/11/2010 N 23,500,000.00 23,500,000.00 03/11/2005
502784419 02/11/2014 02/11/2034 N 21,218,147.05 21,186,190.92 03/11/2005
502791512 02/11/2011 02/11/2034 N 19,500,000.00 19,472,987.93 03/11/2005
502750017 01/11/2014 12/11/2033 N 18,174,960.70 18,149,390.44 03/11/2005
502785102 N/A 02/11/2014 N 16,303,713.96 16,280,338.27 03/11/2005
502786622 01/11/2011 01/11/2034 N 15,000,000.00 15,000,000.00 03/11/2005
830000018 N/A 01/01/2014 N 14,711,643.28 14,691,143.26 03/11/2005
730000019 10/11/2008 06/11/2033 N 13,595,804.34 13,575,543.01 03/11/2005
730000020 N/A 06/01/2013 N 13,147,733.46 13,127,946.62 03/11/2005
502781705 12/11/2013 10/11/2033 N 12,913,151.30 12,894,173.05 03/11/2005
502775810 01/11/2009 12/11/2033 N 12,780,738.75 12,761,643.46 03/11/2005
502787117 12/11/2008 12/11/2033 N 12,600,000.00 12,600,000.00 03/11/2005
502779331 01/11/2012 12/11/2028 N 11,830,118.28 11,810,307.32 03/11/2005
502788502 02/11/2011 02/11/2034 N 11,688,620.48 11,671,244.43 03/11/2005
502775912 01/11/2009 12/11/2033 N 11,597,337.03 11,580,009.83 03/11/2005
502791201 02/11/2014 02/11/2034 N 11,360,831.65 11,344,405.34 03/11/2005
502781517 N/A 01/11/2014 N 10,987,846.18 10,975,637.16 03/11/2005
502790218 01/11/2014 12/11/2033 N 10,454,000.45 10,438,415.20 03/11/2005
502793305 N/A 01/11/2011 N 10,010,198.55 9,995,274.94 03/11/2005
502772636 02/11/2011 02/11/2034 N 9,877,688.03 9,863,330.42 03/11/2005
502794003 N/A 02/11/2014 N 10,000,000.00 10,000,000.00 03/11/2005
730000033 N/A 12/01/2013 N 9,628,508.47 9,615,223.55 03/11/2005
502769505 01/11/2014 12/11/2023 N 9,291,641.95 9,268,645.75 03/11/2005
502796809 02/11/2014 02/11/2034 N 9,250,000.00 9,250,000.00 03/11/2005
502775804 01/11/2009 12/11/2033 N 8,510,630.77 8,497,915.31 03/11/2005
502790724 01/11/2014 12/11/2033 N 8,489,870.56 8,477,663.27 03/11/2005
730000038 N/A 01/01/2014 N 8,483,541.14 8,471,001.99 03/11/2005
730000039 N/A 10/01/2013 N 7,870,747.55 7,859,166.88 03/11/2005
502775520 N/A 02/11/2014 N 7,709,776.53 7,698,871.04 03/11/2005
502786410 12/11/2010 12/11/2033 N 7,500,000.00 7,500,000.00 03/11/2005
730000042 N/A 02/11/2014 N 7,299,966.61 7,279,887.39 03/11/2005
502787202 05/11/2009 12/11/2033 N 7,299,791.11 7,289,001.60 03/11/2005
830000044 N/A 01/01/2014 N 7,192,526.21 7,182,489.46 03/11/2005
730000045 N/A 02/11/2012 N 6,664,957.47 6,655,123.90 03/11/2005
502786407 12/11/2010 12/11/2033 N 6,650,000.00 6,650,000.00 03/11/2005
502781514 01/11/2014 12/11/2033 N 6,520,872.93 6,511,782.69 03/11/2005
730000048 11/11/2009 11/11/2033 N 6,225,000.00 6,225,000.00 03/11/2005
502787901 N/A 12/11/2010 N 6,100,000.00 6,100,000.00 03/11/2005
830000050 N/A 11/01/2010 N 5,592,000.00 5,592,000.00 03/11/2005
730000051 01/11/2010 12/11/2033 N 4,928,930.48 4,921,730.30 03/11/2005
502777601 N/A 12/11/2013 N 4,915,230.72 4,906,883.97 03/11/2005
502786418 02/11/2014 02/11/2034 N 4,901,374.46 4,894,369.05 03/11/2005
730000054 N/A 12/11/2013 N 4,800,000.00 4,800,000.00 03/11/2005
502786405 12/11/2010 12/11/2033 N 4,750,000.00 4,750,000.00 03/11/2005
502783920 12/11/2013 10/11/2028 N 4,662,296.18 4,653,673.82 03/11/2005
830000057 N/A 12/01/2013 N 4,480,000.36 4,468,778.09 03/11/2005
730000058 N/A 11/11/2013 N 4,189,926.52 4,183,993.34 03/11/2005
730000059 N/A 12/11/2013 N 4,146,346.89 4,140,562.09 03/11/2005
830000060 N/A 01/11/2024 N 3,962,672.52 3,951,954.79 03/11/2005
502786506 12/11/2010 12/11/2033 N 4,050,000.00 4,050,000.00 03/11/2005
502793711 01/11/2014 12/11/2033 N 3,947,204.95 3,941,444.99 03/11/2005
502784426 01/11/2014 11/11/2034 N 3,856,495.74 3,851,288.85 03/11/2005
730000064 N/A 01/11/2014 N 3,731,618.38 3,724,577.99 03/11/2005
830000065 N/A 01/11/2020 N 3,600,351.89 3,586,220.57 03/11/2005
730000066 N/A 02/11/2014 N 3,654,744.57 3,649,432.25 03/11/2005
502772410 01/11/2014 12/11/2033 N 3,589,608.17 3,584,664.46 03/11/2005
730000068 N/A 01/11/2014 N 3,397,032.90 3,387,521.76 03/11/2005
502789103 01/11/2014 12/11/2033 N 3,407,243.95 3,402,420.62 03/11/2005
502773210 N/A 01/11/2014 N 3,387,704.99 3,381,301.62 03/11/2005
502793308 02/11/2014 02/11/2034 N 3,336,228.27 3,331,581.22 03/11/2005
502768517 12/11/2008 12/11/2028 N 3,349,500.00 3,349,500.00 03/11/2005
730000073 N/A 01/11/2009 N 3,116,475.66 3,111,829.50 03/11/2005
730000074 N/A 09/11/2010 N 2,998,120.12 2,993,725.46 03/11/2005
730000075 N/A 07/01/2010 N 2,995,572.97 2,991,533.98 03/11/2005
730000076 01/11/2011 12/11/2033 N 2,955,638.03 2,951,064.44 03/11/2005
502778604 12/11/2013 10/11/2033 N 2,957,394.85 2,953,057.66 03/11/2005
730000078 N/A 01/11/2014 N 2,828,000.00 2,821,847.03 02/11/2005
502791612 01/11/2014 12/11/2033 N 2,528,897.15 2,525,350.18 03/11/2005
502794110 01/11/2014 12/11/2033 N 2,526,283.62 2,522,601.05 03/11/2005
730000081 N/A 11/11/2013 N 2,513,398.44 2,509,813.61 03/11/2005
502768514 12/11/2008 12/11/2028 N 2,510,750.00 2,510,750.00 03/11/2005
730000083 N/A 12/11/2013 N 2,350,000.00 2,350,000.00 03/11/2005
502789322 12/11/2008 12/11/2028 N 2,282,500.00 2,282,500.00 03/11/2005
502789321 12/11/2008 12/11/2028 N 2,277,000.00 2,277,000.00 03/11/2005
502786508 12/11/2010 12/11/2033 N 2,150,000.00 2,150,000.00 03/11/2005
830000087 N/A 03/01/2012 N 2,080,355.16 2,076,235.12 03/11/2005
502771102 12/11/2008 12/11/2028 N 1,787,500.00 1,787,500.00 03/11/2005
730000089 N/A 12/11/2018 N 1,729,838.75 1,727,530.59 03/11/2005
730000090 09/11/2010 04/11/2033 N 1,671,943.17 1,669,527.94 02/11/2005
502771130 12/11/2008 12/11/2028 N 1,680,000.00 1,680,000.00 03/11/2005
830000092 N/A 03/01/2012 N 1,644,931.93 1,641,674.22 03/11/2005
730000093 N/A 02/11/2009 N 1,281,763.10 1,279,760.92 03/11/2005
502771122 12/11/2008 12/11/2028 N 1,290,000.00 1,290,000.00 03/11/2005
502771202 12/11/2008 12/11/2028 N 1,270,000.00 1,270,000.00 03/11/2005
502789414 12/11/2008 12/11/2028 N 1,215,500.00 1,215,500.00 03/11/2005
502789415 12/11/2008 12/11/2028 N 1,127,500.00 1,127,500.00 03/11/2005
830000098 N/A 03/01/2012 N 986,959.31 985,004.69 03/11/2005
502789319 12/11/2008 12/11/2028 N 860,000.00 860,000.00 03/11/2005
730000100 N/A 08/01/2016 N 438,052.46 436,170.40 03/11/2005
730000101 N/A 08/01/2016 N 429,405.71 427,560.80 03/11/2005
730000102 N/A 05/01/2014 N 262,265.79 260,671.06 03/11/2005
Totals 1,307,569,839.21 1,306,770,696.69
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>
03/17/2005 0 $0.00 0 $0.00 0 $0.00
02/17/2005 0 $0.00 0 $0.00 0 $0.00
01/18/2005 0 $0.00 0 $0.00 0 $0.00
12/17/2004 0 $0.00 0 $0.00 0 $0.00
11/18/2004 0 $0.00 0 $0.00 0 $0.00
10/18/2004 0 $0.00 0 $0.00 0 $0.00
09/17/2004 0 $0.00 0 $0.00 0 $0.00
08/17/2004 0 $0.00 0 $0.00 0 $0.00
07/16/2004 0 $0.00 0 $0.00 0 $0.00
06/17/2004 0 $0.00 0 $0.00 0 $0.00
05/17/2004 0 $0.00 0 $0.00 0 $0.00
04/16/2004 0 $0.00 0 $0.00 0 $0.00
Distribution Foreclosure REO Modifications
Date # Balance # Balance # Balance
<s> <c> <c> <c> <c> <c> <c>
03/17/2005 0 $0.00 0 $0.00 0 $0.00
02/17/2005 0 $0.00 0 $0.00 0 $0.00
01/18/2005 0 $0.00 0 $0.00 0 $0.00
12/17/2004 0 $0.00 0 $0.00 0 $0.00
11/18/2004 0 $0.00 0 $0.00 0 $0.00
10/18/2004 0 $0.00 0 $0.00 0 $0.00
09/17/2004 0 $0.00 0 $0.00 0 $0.00
08/17/2004 0 $0.00 0 $0.00 0 $0.00
07/16/2004 0 $0.00 0 $0.00 0 $0.00
06/17/2004 0 $0.00 0 $0.00 0 $0.00
05/17/2004 0 $0.00 0 $0.00 0 $0.00
04/16/2004 0 $0.00 0 $0.00 0 $0.00
Prepayments Rate and Maturities
Distribution Curtailments Payoff Next Weighted Avg. WAM
Date # Amount # Amount Coupon Remit
<s> <c> <c> <c> <c> <c> <c> <c>
03/17/2005 0 $0.00 0 $0.00 5.614468% 5.571447% 101
02/17/2005 0 $0.00 0 $0.00 5.614607% 5.571584% 102
01/18/2005 0 $0.00 0 $0.00 5.614702% 5.571677% 103
12/17/2004 0 $0.00 0 $0.00 5.614797% 5.571771% 104
11/18/2004 0 $0.00 0 $0.00 5.614906% 5.571878% 105
10/18/2004 0 $0.00 0 $0.00 5.615001% 5.571970% 106
09/17/2004 0 $0.00 0 $0.00 5.615109% 5.571893% 107
08/17/2004 0 $0.00 0 $0.00 5.618863% 5.575646% 108
07/16/2004 0 $0.00 0 $0.00 5.618954% 5.575735% 109
06/17/2004 0 $0.00 0 $0.00 5.619058% 5.575837% 110
05/17/2004 0 $0.00 0 $0.00 5.619148% 5.575925% 111
04/16/2004 0 $0.00 0 $0.00 5.619251% 5.576026% 112
<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>
730000078 78 0 02/11/2005 16,788.37 16,788.37 B
730000090 90 0 02/11/2005 10,005.84 10,005.84 B
Totals 2 26,794.21 26,794.21
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>
730000078 2,828,000.00 0.00
730000090 1,671,943.17 0.00
Totals 4,499,943.17 0.00
Current Outstanding Actual Outstanding
P & I P & I Principal Servicing
Advances Advances** Balance Advances
<s> <c> <c> <c> <c>
Totals By Delinquency Code:
Total for Status Code = B (2 loans) 26,794.21 26,794.21 4,499,943.17 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