<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report: February 5, 1999
- ---------------------------------
(Date of earliest event reported)
NationsLink Funding Corporation
----------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-66805 56-1950039
- -------------------------------------------------------------------------------
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
NationsBank Corporate Center, 100 North Tryon Street, Charlotte, NC 28255
- -------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (704) 386-2400
<PAGE> 2
ITEM 5. OTHER EVENTS.
Attached are certain structural and collateral term sheets (the "Term
Sheets") furnished to the Registrant by NationsBanc Montgomery Securities LLC
(the "Underwriter"), the underwriter in respect of the Registrant's proposed
offering of Commercial Mortgage Pass-Through Certificates, Series 1999-1 (the
"Certificates"). The Certificates will be offered pursuant to a Prospectus and
related Prospectus Supplement (together, the "Prospectus"), which will be filed
with the Commission pursuant to Rule 424 under the Securities Act of 1933, as
amended (the "Act"). The Certificates will be registered pursuant to the Act
under the Registrant's Registration Statement on Form S-3 (No. 333-66805) (the
"Registration Statement"). The Registrant hereby incorporates the Term Sheets by
reference in the Registration Statement.
The Term Sheets were prepared solely by the Underwriter, and the
Registrant did not prepare or participate in the preparation of the Collateral
Term Sheets and Structural Term Sheets.
Any statement or information contained in the Term Sheets shall be
modified and superseded for purposes of the Prospectus and the Registration
Statement by statements or information contained in the Prospectus.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
Exhibit 99 Term Sheets.
2
<PAGE> 3
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on behalf of the
Registrant by the undersigned thereunto duly authorized.
NATIONSLINK FUNDING CORPORATION
By: /s/ James E. Naumann
--------------------------------------
Name: James E. Naumann
Title: Senior Vice President
Date: February 5, 1999
<PAGE> 4
Exhibit Index
<TABLE>
<CAPTION>
Item 601(a) of
Regulation S-K
Exhibit No. Description Page
- --------------- ------------ ----
<S> <C> <C>
99 Term Sheets
</TABLE>
4
<PAGE> 1
ANNEX A
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
The schedule and tables appearing in this Annex A set forth certain
information with respect to the Mortgage Loans and Mortgaged Properties. Unless
otherwise indicated, such information is presented as of the Cut-off Date. The
statistics in such schedule and tables were derived, in many cases, from
information and operating statements furnished by or on behalf of the respective
borrowers. Such information and operating statements were generally unaudited
and have not been independently verified by the Depositor or the Underwriter, or
any of their respective affiliates or any other person.
For purposes of the prospectus supplement, including the schedule and
tables in this Annex A, the indicated terms shall have the following meanings:
1. "Administrative Fee Rate" means the sum of the Master Servicing Fee
Rate (including the per annum rates at which the monthly sub-servicing fee
is payable to the related Sub-Servicer (the "Sub-Servicing Fee Rate") and
the Standby Fee is payable to the Special Servicer), plus the per annum
rate applicable to the calculation of the Trustee Fee.
2. "Annual Debt Service" means, for any Mortgage Loan, twelve times
the amount of the Monthly Payment under such Mortgage Loan as of the
Cut-off Date.
3. "Appraisal Value" means, for any Mortgaged Property, the
appraiser's value as stated in the appraisal available to the Depositor as
of the date specified on the schedule.
4. "Balloon" means Balloon Loan.
5. "Cut-off Date Loan-to-Value Ratio", "Cut-off Date LTV Ratio" or
"Cut-off Date LTV" means, with respect to any Mortgage Loan, the Cut-off
Date Balance of such Mortgage Loan divided by the Appraisal Value of the
related Mortgaged Property. "Maturity Date Loan-to-Value Ratio" or
"Maturity Date LTV" means, with respect to any Mortgage Loan, the Maturity
Date Balance, divided by the Appraisal Value of the related Mortgaged
Property.
6. "DEFEASANCE" means, with respect to any Mortgage Loan, that such
Mortgage Loan is subject to a Defeasance Option.
7. "FREE" means, with respect to any Mortgage Loan, that such Mortgage
Loan may be voluntarily prepaid without a Prepayment Premium.
8. "Fully Amortizing" means fully amortizing Mortgage Loan.
9. "Grtr" means "the greater of".
10. "Hyper" means Hyper-Amortization Loan.
11. "Leasable Square Footage" or "Net Rentable Area (SF)" means, in
the case of a Mortgaged Property operated as a retail center, franchise
restaurant, office complex or industrial facility, the square footage of
the net leasable area.
12. "Maturity" or "Maturity Date" means, with respect to any Mortgage
Loan, the date specified in the related Mortgage Note as its stated
maturity date or, in the case of the Hyper-Amortization Loan, the
Anticipated Repayment Date.
13. "Maturity Date Balance" means, with respect to any Mortgage Loan,
the balance due at maturity or, in the case of the Hyper-Amortization Loan,
the Anticipated Repayment Date, assuming no prepayments, defaults or
extensions.
14. "Most Recent DSCR" means, with respect to any Mortgage Loan, (a)
the Most Recent NOI for the related Mortgaged Property, divided by (b) the
Annual Debt Service for such Mortgage Loan.
A-1
<PAGE> 2
15. "Most Recent End Date" means, with respect to each Mortgage Loan,
the date indicated on Annex A as the "Most Recent End Date" with respect to
such Mortgage Loan, which date is generally the end date with respect to
the period covered by the latest available annual operating statement
provided by the related borrower.
16. "Most Recent NOI" means, with respect to any Mortgaged Property,
the NOI derived therefrom that was available for debt service, calculated
as Most Recent Revenues less Most Recent Expenses. See also "NOI" below.
(i) "Most Recent Revenues" are the Revenues received (or annualized
or estimated in certain cases) in respect of a Mortgaged Property for
the 12-month period ended as of the Most Recent End Date, based upon the
latest available annual operating statement and other information
furnished by the borrower for its most recently ended fiscal year.
(ii) "Most Recent Expenses" are the Expenses incurred (or
annualized or estimated in certain cases) for a Mortgaged Property for
the 12-month period ended as of the Most Recent End Date, based upon the
latest available annual operating statement and other information
furnished by the borrower for its most recently ended fiscal year.
17. "NOI" means with respect to any Mortgaged Property, the total cash
flow available for annual debt service on the related Mortgage Loan,
generally calculated as the excess of Revenues over Expenses.
(i) "Revenues" generally consist of certain revenues received in
respect of a Mortgaged Property, including, for example, (A) for the
Multifamily Mortgaged Properties, rental and other revenues; (B) for the
Commercial Mortgaged Properties (other than the health care related and
hotel Mortgaged Properties), base rent (less mark-to-market adjustments
in some cases), percentage rent, expense reimbursements and other
revenues; (C) for the health care Mortgaged Properties, resident
charges, Medicaid and Medicare payments, and other revenues; (D) for the
hotel and franchise restaurant Mortgaged Properties, guest room rates
(hotels only), food and beverage charges, telephone charges and other
revenues.
(ii) "Expenses" generally consist of all expenses incurred for a
Mortgaged Property, including for example, salaries and wages, the costs
or fees of utilities, repairs and maintenance, marketing, insurance,
management, landscaping, security (if provided at the Mortgaged
Property) and the amount of real estate taxes, general and
administrative expenses, ground lease payments, and other costs but
without any deductions for debt service, depreciation and amortization
or capital expenditures therefor. In the case of hotel and franchise
restaurant Mortgaged Properties, Expenses include, for example, expenses
relating to guest rooms (hotels only), food and beverage costs,
telephone bills, and rental and other expenses, and such operating
expenses as general and administrative, marketing and franchise fees.
Examples of expenses in the case of health care Mortgaged Properties
include routine and ancillary contractual expenses, nursing expenses,
dietary expenses, laundry/housekeeping expenses, activities/social
service expenses, equipment rental expenses and other expenses.
In certain cases, Trailing NOI, Most Recent NOI and/or U/W NOI have been
adjusted by removing certain non-recurring expenses and revenue or by certain
other normalizations. Such NOI does not necessarily reflect accrual of certain
costs such as capital expenditures and leasing commissions and does not reflect
non-cash items such as depreciation or amortization. In some cases, capital
expenditures and non-recurring items may have been treated by a borrower as an
expense but were deducted from Trailing Expenses, Most Recent Expenses or U/W
Expenses to reflect normalized Trailing NOI, Most Recent NOI or U/W NOI, as the
case may be. The Depositor has not made any attempt to verify the accuracy of
any information provided by each borrower or to reflect changes in that may have
occurred since the date of the information provided by each borrower for the
related Mortgaged Property. Such NOI was not necessarily determined in
accordance with generally accepted accounting principles ("GAAP"). Such NOI is
not a substitute for net income determined in accordance with GAAP as a measure
of the results of a Mortgaged Property's operations or a substitute for
A-2
<PAGE> 3
cash flows from operating activities determined in accordance with GAAP as a
measure of liquidity. Moreover, in certain cases such NOI may reflect
partial-year annualizations.
18. "Occupancy %" or "Occupancy Percent" means the percentage of
Leasable Square Footage or Total Units/Rooms/Pads, as the case may be, of
the Mortgaged Property that was occupied as of a specified date, as
specified by the borrower or as derived from the Mortgaged Property's rent
rolls, which generally are calculated by physical presence or,
alternatively, collected rents as a percentage of potential rental
revenues.
19. "Related Loans" means two or more Mortgage Loans with respect to
which the related Mortgaged Properties are either owned by the same entity
or owned by two or more entities controlled by the same key principals.
20. "Units" "Rooms", "Beds" and "Holes" respectively, mean: (i) in the
case of a Mortgaged Property operated as multifamily housing, the number of
apartments, regardless of the size of or number of rooms in such apartment
(referred to in the schedule as "Units"); (ii) in the case of a Mortgaged
Property operated as a hotel, the number of rooms (referred to in the
schedule as "Rooms"); (iii) in the case of a Mortgaged Property operated as
a health care facility, the number of beds (referred to in the schedule as
"Beds"); and (iv) in the case of the Mortgaged Property operated as a golf
course, the number of golf holes (referred to in the schedule as "Holes").
21. "Trailing Date" means, with respect to any Mortgage Loan, the date
indicated on Annex A as the "Trailing Date" with respect to such Mortgage
Loan.
22. "Trailing DSCR" means, with respect to any Mortgage Loan, (a) the
Trailing NOI for the related Mortgaged Property (plus, in the case of
restaurant franchise loans only, ground rents), divided by (b) the Annual
Debt Service for such Mortgage Loan (plus, in the case of restaurant
franchise loans only, ground rents).
23. "Trailing NOI" means, with respect to any Mortgaged Property, the
NOI derived therefrom that was available for debt service, calculated as
Trailing Revenues less Trailing Expenses. See also "NOI" above.
(i) "Trailing Revenues" are the Revenues received (or annualized or
estimated in certain cases) in respect of a Mortgaged Property for the
12-month period ended on the Trailing Date, based upon operating
statements and other information furnished by the related borrower.
(ii) "Trailing Expenses" are the Expenses incurred (or annualized
or estimated in certain cases) for a Mortgaged Property for the 12-month
period ended on the Trailing Date, based upon operating statements and
other information furnished by the related borrower.
24. "UPB" means, with respect to any Mortgage Loan, its unpaid
principal balance.
25. "U/W DSCR", "Underwriting DSCR" or "Underwriting Debt Service
Coverage Ratio" means, with respect to any Mortgage Loan, (a) the U/W NOI
for the related Mortgaged Property (plus, in the case of restaurant
franchise loans only, ground rents) divided by (b) the Annual Debt Service
for such Mortgage Loan (plus, in the case of restaurant franchise loans
only, ground rents).
26. "U/W NOI" or "Underwriting NOI" means, with respect of any
Mortgaged Property, the NOI derived therefrom that was available for debt
service, calculated as U/W Revenues less U/W Expenses. See also "NOI"
above.
(i) "U/W Revenues" are the anticipated Revenues in respect of a
Mortgaged Property, generally determined by means of an estimate made at
the origination of such Mortgage Loan. U/W Revenues have generally been
calculated (a) assuming that the occupancy rate for the Mortgaged
Property was consistent with the Mortgaged Property's current or
historical rate, or the relevant market rate, if such rate was less than
the occupancy rate reflected in the most recent rent roll or operating
statements, as the case may be, furnished by the related borrower, and
(b) in the case of retail, office and industrial Mortgaged Properties,
assuming a level of reimbursements from tenants
A-3
<PAGE> 4
consistent with the terms of the related leases or historical trends at
the Mortgaged Property, and in certain cases, assuming that a specified
percentage of rent will become defaulted or otherwise uncollectible. In
addition, in the case of retail, office and industrial Mortgaged
Properties, upward adjustments may have been made with respect to such
revenues to account for all or a portion of the rents provided for under
any new leases scheduled to take effect later in the year. Also, in the
case of certain Mortgaged Properties that are operated as franchise
restaurant, nursing home or hotel properties and are subject to an
operating lease with a single operator, U/W Revenues were calculated
based on revenues received by the operator rather than rental payments
received by the related borrower under the operating lease.
(ii) "U/W Expenses" are the anticipated Expenses in respect of a
Mortgaged Property, generally determined by means of an estimate made at
the origination of such Mortgage Loan. U/W Expenses were generally
assumed to be equal to historical annual expenses reflected in the
operating statements and other information furnished by the borrower,
except that such expenses were generally modified by (a) if there was no
management fee or a below market management fee, assuming that a
management fee was payable with respect to the Mortgaged Property in an
amount approximately equal to a percentage of assumed gross revenues for
the year, (b) adjusting certain historical expense items upwards or
downwards to amounts that reflect industry norms for the particular type
of property and/or taking into consideration material changes in the
operating position of the related Mortgaged Property (such as newly
signed leases and market data) and (c) adjusting for non-recurring items
(such as capital expenditures) and tenant improvement and leasing
commissions, if applicable (in the case of certain retail, office and
industrial Mortgaged Properties, adjustments may have been made to
account for tenant improvements and leasing commissions at costs
consistent with historical trends or prevailing market conditions and,
in other cases, operating expenses did not include such costs).
Actual conditions at the Mortgaged Properties will differ, and may differ
substantially, from the assumed conditions used in calculating U/W NOI. In
particular, the assumptions regarding tenant vacancies, tenant improvements and
leasing commissions, future rental rates, future expenses and other conditions
if and to the extent used in calculating U/W NOI for a Mortgaged Property, may
differ substantially from actual conditions with respect to such Mortgaged
Property. There can be no assurance that the actual costs of reletting and
capital improvements will not exceed those estimated or assumed in connection
with the origination or purchase of the Mortgage Loans.
In some cases, U/W NOI describes the cash flow available before
deductions for capital expenditures such as tenant improvements, leasing
commissions and structural reserves. U/W NOI has been calculated without
including U/W Reserves or any other reserves among Underwriting Expenses.
Had such reserves been so included, U/W NOI would have been lower. Even in
those cases where such "reserves" were so included, no cash may have been
actually escrowed. No representation is made as to the future net cash flow
of the properties, nor is U/W NOI set forth herein intended to represent
such future net cash flow.
27. "U/W Reserves" means, with respect to any Mortgaged Property, the
aggregate amount of on-going reserves (generally for capital improvements
and replacements) assumed to be maintained with respect to such Mortgaged
Property. In each case, actual reserves, if any, may be less than the
amount of U/W Reserves.
28. "U/W Reserves Per Unit" means, with respect to any Mortgaged
Property, (a) the related U/W Reserves, divided by (b) the number of Units,
Leasable Square Feet, Rooms, Beds or Holes, as applicable.
29. "YM" means, with respect to any Mortgage Loan, a yield maintenance
premium.
A-4
<PAGE> 5
<TABLE>
<CAPTION>
SE- LOAN
QUENCE NUMBER PROPERTY NAME PROPERTY ADDRESS COUNTY CITY
- ------ ------ ------------- ---------------- ------ ----
<S> <C> <C> <C> <C> <C>
N001 51386 Eagle Trace Apartments 5370 E. Craig Rd. Clark Las Vegas
N002 51385 The Breakers Apartments 9901 West Sahara Ave. Clark Las Vegas
SUB-TOTAL CROSSED LOANS
N003 50166 La Jolla International Gardens 3415-3465 Lebon Drive San Diego San Diego
N004 50167 La Scala Apartment Villas 3833-3899 Nobel Drive San Diego San Diego
N005 51289 Park Place Apartments-Tustin CA 1628 West Main St. Orange Tustin
N006 51192 Lakeside Village Apartments 1555 Ridgeview Dr. Washoe Reno
N007A 51046 L5 - Goldfarb Apartments-48 E. John St. 48 E. John St. Champaign Champaign
N007B 51046 L5 - Goldfarb Apartments-507 S. Fourth St. 507 S. Fourth St. Champaign Champaign
N007C 51046 L5 - Goldfarb Apartments-905-907 W. Oregon 905-907 W. Oregon Champaign Urbana
N007D 51046 L5 - Goldfarb Apartments-1102 E. Colorado 1102 E. Colorado Champaign Urbana
N007E 51046 L5 - Goldfarb Apartments-2007-2009 Philo Road 2007-2009 Philo Road Champaign Urbana
N007F 51046 L5 - Goldfarb Apartments-2008-2010 Vawter 2008-2010 Vawter Champaign Urbana
N007G 51046 L5 - Goldfarb Apartments-2011 Philo Road 2011 Philo Road Champaign Urbana
N007 51046 L5 - Goldfarb Apartments (Roll-Up)
N008 51160 Foxwood Apartments 6655 North Fresno Stree Fresno Fresno
N009 50563 River View Condominiums 93 Richards Avenue Fairfield Norwalk
N010 50668 Museum Walk Apartments 3500 SW 19th Ave Alachua Gainesville
N011 51041 Indiana Village Apartments 701 North Indiana Ave. Lubbock Lubbock
N012A 51033 L4 - Goldfarb Apartments-57 E. Chalmers 57 E. Chalmers Champaign Champaign
N012B 51033 L4 - Goldfarb Apartments-103 E. Chalmers 103 E. Chalmers Champaign Champaign
N012C 51033 L4 - Goldfarb Apartments-202 E. Chalmers 202 E. Chalmers Champaign Champaign
N012 51033 L4 - Goldfarb Apartments (Roll-Up)
N013 51004 Westside Colonial Apartments 10-70 Westland Street and
985-997 Pleasant Street Plymouth Brockton
N014 51101 Gaylord Apartments 3355 Wilshire Blvd. Los Angeles Los Angeles
N015 51056 Sheridan Square Apartments 402 NW Sheridan Rd Comanche Lawton
N016 50894 The Courtyards Apartments 1231 SW 3rd Avenue Alachua Gainesville
N017 51104 Broadway & 171st 621 W. 171st St & 620 W. New York New York
172nd St.
N018 51055 Sail Cloth Factory Apartments 121 South Fremont Ave. Baltimore Baltimore City
N019 51169 Horton 4th Avenue Apartments 770-810 4th Ave San Diego San Diego
N020 51093 Park Lane Apartments 412 South Willaman Drive Los Angeles Los Angeles
N021 50648 Colonial Plaza Apts 215 Sand Beach Blvd Caddo Shreveport
N022A 51014 L2 - Goldfarb Apartments-106-108 E. Healy St. 106-108 E. Healy St. Champaign Champaign
N022B 51014 L2 - Goldfarb Apartments-303 East Green St. 303 East Green St. Champaign Champaign
N022C 51014 L2 - Goldfarb Apartments-404 Clark St. 404 East Clark St. Champaign Champaign
N022D 51014 L2 - Goldfarb Apartments-804 West Illinois Ave. 804 West Illinois Ave. Champaign Urbana
N022E 51014 L2 - Goldfarb Apartments-812 West Nevada Ave. 812 West Nevada Ave. Champaign Urbana
N022 51014 L2 - Goldfarb Apartments (Roll-Up)
N023 51028 Innsbruck West Apartments 2302 Loop 289 West Lubbock Lubbock
N024 51287 Hensel Garden Apartments 300-336 North Garfield Ave .Los Angeles Montebell
N025 51043 Sunscape Apartments 2426 West Cardinal Loop Travis Del Valle
N026 51127 Raintree Meadows Apartments 471 N. Harr Drive Oklahoma Midwest City
N027 50986 Grand Rose Apartments 1601-1649 East Grand Ave San Diego Escondido
N028A 51053 L6 - Goldfarb Apartments-52 E. Armory 52 E Armory Champaign Champaign
N028B 51053 L6 - Goldfarb Apartments-104 N. 104 N. Lincoln Champaign Urbana
Lincoln/809 W. Stoughton
N028 51053 L6 - Goldfarb Apartments (Roll-Up)
N029 51077 Royal Orleans Apartments 1924-A McAllister Drive Mecklenburg Charlotte
N030 51261 Kenmore View Apartments 1840 North Kenmore Ave. Los Angeles Los Angeles
N031 51066 Forest at Duck Creek Apartment 4328 Duck Creek Drive Dallas Garland
N032 50776 Terraces Apartments 4739 Buford Highway Dekalb Chamblee
N033 51442 Chateau DePaix 9848 Tabor Street, Los Angeles Los Angeles
N034 51048 Lulav Square Apartments 620-644 Lenox Avenue Dade Miami Beach
N035 51316 La Jollan Townhouse 2638 Torrey Pines Road San Diego La Jolla
N036 51034 Blueberry Estates 1-8 Cicero Drive, 1-5 Plymouth Lakeville
& 7 Blueberry Lane
</TABLE>
<PAGE> 6
<TABLE>
<CAPTION>
CUT-OFF MATURITY
ZIP PROPERTY ORIGINAL DATE DATE LOAN
STATE CODE TYPE BALANCE BALANCE BALANCE TYPE
----- ---- ------- -------- ------- -------- -----
<S> <C> <C> <C> <C> <C> <C>
NV 89115 Multifamily $44,000,000 $43,974,545 $38,682,750 Balloon
NV 89117 Multifamily 18,180,000 18,169,482 15,983,009 Balloon
----------- -----------
62,144,027 54,665,759
CA 92122 Multifamily 29,100,000 28,806,130 25,747,319 Balloon
CA 92122 Multifamily 26,400,000 26,133,397 23,358,392 Balloon
CA 92680 Multifamily 11,000,000 10,970,076 9,611,707 Balloon
NV 89509 Multifamily 10,000,000 9,961,559 8,663,399 Balloon
IL 61820 Multifamily
IL 61820 Multifamily
IL 61801 Multifamily
IL 61801 Multifamily
IL 61801 Multifamily
IL 61801 Multifamily
IL 61801 Multifamily
Multifamily 8,240,000 8,214,903 7,117,331 Balloon
CA 93710 Multifamily 6,856,000 6,836,587 5,966,974 Balloon
CT 06854 Multifamily 6,406,928 6,388,917 5,636,233 Balloon
FL 32607 Multifamily 6,340,000 6,286,354 5,500,837 Balloon
TX 79415 Multifamily 5,440,000 5,415,990 4,728,776 Balloon
IL 61820 Multifamily
IL 61820 Multifamily
IL 61820 Multifamily
Multifamily 5,360,000 5,339,194 4,638,543 Balloon
MA 02301 Multifamily 5,265,000 5,248,758 4,541,402 Balloon
CA 90010 Multifamily 5,220,000 5,209,122 4,559,656 Balloon
OK 73505 Multifamily 5,200,000 5,185,159 4,522,083 Balloon
FL 32601 Multifamily 5,000,000 4,982,021 4,363,038 Balloon
NY 10032 Multifamily 4,650,000 4,633,654 4,067,200 Balloon
MD 21201 Multifamily 4,520,000 4,503,004 3,925,367 Balloon
CA 92101 Multifamily 4,500,000 4,490,984 3,474,580 Balloon
CA 90048 Multifamily 4,500,000 4,489,488 3,883,561 Balloon
LA 71105 Multifamily 4,400,000 4,359,715 3,420,756 Balloon
IL 61820 Multifamily
IL 61820 Multifamily
IL 61820 Multifamily
IL 61801 Multifamily
IL 61801 Multifamily
Multifamily 4,317,000 4,303,852 3,728,826 Balloon
TX 79407 Multifamily 4,240,000 4,224,096 3,683,190 Balloon
CA 90640 Multifamily 4,200,000 4,178,944 3,297,576 Balloon
TX 78617 Multifamily 4,075,000 4,059,921 3,545,065 Balloon
OK 73110 Multifamily 3,900,000 3,891,873 3,406,639 Balloon
CA 92027 Multifamily 3,760,000 3,743,023 3,260,514 Balloon
IL 61820 Multifamily
IL 61801 Multifamily
Multifamily 3,740,000 3,725,019 3,225,092 Balloon
NC 28216 Multifamily 3,500,000 3,489,958 3,042,079 Balloon
CA 90027 Multifamily 3,500,000 3,486,381 3,028,075 Balloon
TX 75043 Multifamily 3,440,000 3,424,371 2,745,779 Balloon
GA 30341 Multifamily 3,426,000 3,402,817 3,013,520 Balloon
CA 90034 Multifamily 3,350,000 3,347,984 2,935,655 Balloon
FL 33139 Multifamily 3,200,000 3,182,062 2,570,873 Balloon
CA 92037 Multifamily 3,160,000 3,152,249 2,787,970 Balloon
MA 02347 Multifamily 3,106,000 3,097,551 2,713,995 Balloon
<CAPTION>
ADMINI-
STRATIVE SUB- NET FIRST INTEREST
MORTGAGE FEE SERVICING MORTGAGE NOTE PAYMENT ACCRUAL
RATE RATE(I) FEE RATE RATE DATE DATE METHOD
- -------- -------- --------- -------- ---- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
7.251% 0.093% 0.050% 7.158% 12/14/1998 02/01/1999 Actual/360
7.251% 0.093% 0.050% 7.158% 12/14/1998 02/01/1999 Actual/360
7.515% 0.093% 0.050% 7.422% 10/09/1997 12/01/1997 Actual/360
7.515% 0.093% 0.050% 7.422% 10/09/1997 12/01/1997 Actual/360
7.000% 0.143% 0.100% 6.857% 09/15/1998 11/01/1998 Actual/360
6.690% 0.143% 0.100% 6.547% 07/27/1998 10/01/1998 Actual/360
6.570% 0.143% 0.100% 6.427% 09/09/1998 11/01/1998 Actual/360
6.850% 0.143% 0.100% 6.707% 09/29/1998 11/01/1998 Actual/360
7.090% 0.143% 0.100% 6.947% 11/01/1998 11/01/1998 Actual/360
6.720% 0.143% 0.100% 6.577% 02/03/1998 04/01/1998 Actual/360
6.810% 0.143% 0.100% 6.667% 07/30/1998 09/01/1998 Actual/360
6.650% 0.143% 0.100% 6.507% 08/21/1998 10/01/1998 Actual/360
6.520% 0.143% 0.100% 6.377% 09/30/1998 11/01/1998 Actual/360
7.000% 0.143% 0.100% 6.857% 10/13/1998 12/01/1998 Actual/360
6.820% 0.143% 0.100% 6.677% 09/17/1998 11/01/1998 Actual/360
6.960% 0.143% 0.100% 6.817% 08/07/1998 10/01/1998 Actual/360
7.050% 0.143% 0.100% 6.907% 08/31/1998 10/01/1998 Actual/360
6.780% 0.143% 0.100% 6.637% 08/31/1998 10/01/1998 Actual/360
7.150% 0.143% 0.100% 7.007% 10/30/1998 12/01/1998 Actual/360
6.550% 0.143% 0.100% 6.407% 10/14/1998 12/01/1998 Actual/360
7.310% 0.143% 0.100% 7.167% 12/26/1997 02/01/1998 Actual/360
6.570% 0.143% 0.100% 6.427% 09/09/1998 11/01/1998 Actual/360
6.790% 0.143% 0.100% 6.647% 08/26/1998 10/01/1998 Actual/360
6.314% 0.143% 0.100% 6.171% 09/02/1998 11/01/1998 Actual/360
6.845% 0.143% 0.100% 6.702% 08/31/1998 10/01/1998 Actual/360
7.000% 0.143% 0.100% 6.857% 10/29/1998 12/01/1998 Actual/360
6.720% 0.143% 0.100% 6.577% 07/29/1998 09/01/1998 Actual/360
6.520% 0.143% 0.100% 6.377% 08/27/1998 10/01/1998 Actual/360
6.800% 0.143% 0.100% 6.657% 09/09/1998 11/01/1998 Actual/360
6.640% 0.143% 0.100% 6.497% 08/21/1998 10/01/1998 Actual/360
6.830% 0.143% 0.100% 6.687% 09/08/1998 11/01/1998 Actual/360
7.260% 0.103% 0.060% 7.157% 03/31/1998 05/01/1998 Actual/360
7.125% 0.143% 0.100% 6.982% 12/07/1998 02/01/1999 Actual/360
7.050% 0.143% 0.100% 6.907% 08/26/1998 10/01/1998 Actual/360
7.375% 0.143% 0.100% 7.232% 09/28/1998 11/01/1998 Actual/360
7.000% 0.143% 0.100% 6.857% 09/30/1998 11/01/1998 Actual/360
</TABLE>
<PAGE> 7
<TABLE>
<CAPTION>
ORIGINAL ORIGINAL REMAINING
TERM TO AMORTIZATION TERM TO
MONTHLY MATURITY TERM SEASONING MATURITY
PAYMENT (MONTHS) (MONTHS)(II) (MONTHS) (MONTHS)
- ------- -------- ------------ --------- ---------
<S> <C> <C> <C> <C>
$300,187 120 360 1 119
124,032 120 360 1 119
203,770 120 360 15 105
184,864 120 360 15 105
73,183 120 360 4 116
64,461 120 360 5 115
52,462 120 360 4 116
44,925 120 360 4 116
43,262 113 353 4 109
40,995 120 360 11 109
35,501 120 360 6 114
34,409 120 360 5 115
33,348 120 360 4 116
34,729 120 360 3 117
33,969 120 360 4 116
33,131 120 360 5 115
31,093 120 360 5 115
29,407 120 360 5 115
30,393 180 360 3 177
28,591 120 360 3 117
30,195 180 360 13 167
27,485 120 360 4 116
27,613 120 360 5 115
27,873 120 300 4 116
26,688 120 360 5 115
25,947 120 360 3 117
24,312 120 360 6 114
23,689 120 360 5 115
22,817 120 360 4 116
22,446 120 360 5 115
23,941 120 300 4 116
23,395 120 360 10 110
22,570 120 360 1 119
22,719 120 300 5 115
21,825 120 360 4 116
20,664 120 360 4 116
<CAPTION>
CROSS- LOCKOUT
MATURITY COLLATERALIZED RELATED EXPIRATION
DATE LOANS LOANS DATE PREPAYMENT PENALTY DESCRIPTION (MONTHS)
---- ----- ----- ---- ---------------------------------------
<S> <C> <C> <C> <C>
01/01/2009 Yes(1) Yes(A) 10/01/2008 LO(117)/OPEN(3)/DEFEASANCE
01/01/2009 Yes(1) Yes(A) 10/01/2008 LO(117)/OPEN(3)/DEFEASANCE
11/01/2007 No Yes(B) 10/31/2001 LO(48)/GRTR1%PPMTorYM(66)/OPEN(6)
11/01/2007 No Yes(B) 10/31/2001 LO(48)/GRTR1%PPMTorYM(66)/OPEN(6)
10/01/2008 No No 08/01/2008 LO(118)/OPEN(2)/DEFEASANCE
09/01/2008 No No 07/02/2008 LO(118)/OPEN(2)/DEFEASANCE
10/01/2008 No Yes(C) 06/01/2008 LO(116)/OPEN(4)/DEFEASANCE
10/01/2008 No No 05/31/2008 LO(115)/OPEN(5)/DEFEASANCE
03/01/2008 No No 02/28/2002 LO(41)/GRTR1%PPMTorYM(66)/OPEN(6)
03/01/2008 No Yes(D) 02/28/2002 LO(47)/GRTR1%PPMTorYM(66)/OPEN(7)
08/01/2008 No Yes(E) 04/01/2008 LO(116)/OPEN(4)/DEFEASANCE
09/01/2008 No Yes(C) 04/30/2008 LO(115)/OPEN(5)/DEFEASANCE
10/01/2008 No No 05/31/2008 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 No No 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
10/01/2008 No No 06/01/2008 LO(116)/OPEN(4)/DEFEASANCE
09/01/2008 No No 04/30/2008 LO(115)/OPEN(5)/DEFEASANCE
09/01/2008 No No 04/30/2008 LO(115)/OPEN(5)/DEFEASANCE
09/01/2008 No No 05/01/2008 LO(116)/OPEN(4)/DEFEASANCE
11/01/2013 No No 06/30/2013 LO(175)/OPEN(5)/DEFEASANCE
11/01/2008 No No 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
01/01/2013 No No 12/31/2005 LO(95)/GRTR1%PPMTorYM(78)/OPEN(7)
10/01/2008 No Yes(C) 06/01/2008 LO(116)/OPEN(4)/DEFEASANCE
09/01/2008 No Yes(E) 05/01/2008 LO(116)/OPEN(4)/DEFEASANCE
10/01/2008 No No 08/01/2008 LO(118)/OPEN(2)/DEFEASANCE
09/01/2008 No No 05/01/2008 LO(116)/OPEN(4)/DEFEASANCE
11/01/2008 No No 07/01/2008 LO(116)/OPEN(4)/DEFEASANCE
08/01/2008 No No 04/01/2008 LO(116)/OPEN(4)/DEFEASANCE
09/01/2008 No Yes(C) 04/30/2008 LO(115)/OPEN(5)/DEFEASANCE
10/01/2008 No No 06/01/2008 LO(116)/OPEN(4)/DEFEASANCE
09/01/2008 No No 07/02/2008 LO(118)/OPEN(2)/DEFEASANCE
10/01/2008 No No 05/31/2008 LO(115)/OPEN(5)/DEFEASANCE
04/01/2008 No No 03/31/2002 LO(47)/GRTR1%PPMTorYM(66)/OPEN(7)/DEFEASANCE
01/01/2009 No No 11/01/2008 LO(118)/OPEN(2)/DEFEASANCE
09/01/2008 No No 04/30/2008 LO(115)/OPEN(5)/DEFEASANCE
10/01/2008 No No 08/01/2008 LO(118)/OPEN(2)/DEFEASANCE
10/01/2008 No No 05/31/2008 LO(115)/OPEN(5)/DEFEASANCE
</TABLE>
<PAGE> 8
<TABLE>
<CAPTION>
CUT-OFF
DATE
SE- LOAN APPRAISAL APPRAISAL LTV YEAR BUILT/
QUENCE NUMBER PROPERTY NAME VALUE DATE RATIO RENOVATED
- ------ ------ ------------- ----- ---- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
N001 51386 Eagle Trace Apartments $ 55,000,000 10/6/98 80% 1995
N002 51385 The Breakers Apartments 23,000,000 10/5/98 79% 1989
------------
SUB-TOTAL CROSSED LOANS 78,000,000
N003 50166 La Jolla International Gardens 41,000,000 7/31/97 70% 1986
N004 50167 La Scala Apartment Villas 36,500,000 7/31/97 72% 1989
N005 51289 Park Place Apartments-Tustin CA 15,100,000 7/27/98 73% 1969
N006 51192 Lakeside Village Apartments 17,700,000 6/15/98 56% 1979
N007A 51046 L5 - Goldfarb Apartments-48 E. John St 1988
N007B 51046 L5 - Goldfarb Apartments-507 S. Fourth St 1989
N007C 51046 L5 - Goldfarb Apartments-905-907 W. Oregon 1989
N007D 51046 L5 - Goldfarb Apartments-1102 E. Colorado 1994
N007E 51046 L5 - Goldfarb Apartments-2007-2009 Philo Road 1964
N007F 51046 L5 - Goldfarb Apartments-2008-2010 Vawter 1993
N007G 51046 L5 - Goldfarb Apartments-2011 Philo Road 1964
N007 51046 L5 - Goldfarb Apartments (Roll-Up) 10,300,000 6/2/98 80%
N008 51160 Foxwood Apartments 8,570,000 8/20/98 80% 1985
N009 50563 River View Condominiums 8,050,000 9/18/97 79% 1991
N010 50668 Museum Walk Apartments 8,000,000 11/6/97 79% 1997
N011 51041 Indiana Village Apartments 6,800,000 7/1/98 80% 1982
N012A 51033 L4 - Goldfarb Apartments-57 E. Chalmers 1994
N012B 51033 L4 - Goldfarb Apartments-103 E. Chalmers 1989
N012C 51033 L4 - Goldfarb Apartments-202 E. Chalmers 1995
N012 51033 L4 - Goldfarb Apartments (Roll-Up) 6,700,000 5/20/98 80%
N013 51004 Westside Colonial Apartments 8,000,000 6/15/98 66% 1963
N014 51101 Gaylord Apartments 9,000,000 7/13/98 58% 1924/1970
N015 51056 Sheridan Square Apartments 6,600,000 6/11/98 79% 1985
N016 50894 The Courtyards Apartments 6,700,000 3/31/98 74% 1970/1992
N017 51104 Broadway & 171st 5,820,000 7/30/98 80% 1939
N018 51055 Sail Cloth Factory Apartments 5,650,000 6/11/98 80% 1888/1987
N019 51169 Horton 4th Avenue Apartments 7,400,000 8/13/98 61% 1994
N020 51093 Park Lane Apartments 5,970,000 7/6/98 75% 1986
N021 50648 Colonial Plaza Apts 5,500,000 12/4/97 79% 1972
N022A 51014 L2 - Goldfarb Apartments-106-108 E. Healy St 1967
N022B 51014 L2 - Goldfarb Apartments-303 East Green St. 1990
N022C 51014 L2 - Goldfarb Apartments-404 Clark St. 1983
N022D 51014 L2 - Goldfarb Apartments-804 West Illinois Ave. 1988
N022E 51014 L2 - Goldfarb Apartments-812 West Nevada Ave 1990
N022 51014 L2 - Goldfarb Apartments (Roll-Up) 5,500,000 6/2/98 78%
N023 51028 Innsbruck West Apartments 5,300,000 7/1/98 80% 1984
N024 51287 Hensel Garden Apartments 7,560,000 7/17/98 55% 1947
N025 51043 Sunscape Apartments 5,100,000 6/8/98 80% 1984
N026 51127 Raintree Meadows Apartments 4,750,000 8/26/98 82% 1971
N027 50986 Grand Rose Apartments 4,640,000 5/21/98 81% 1965/1997
N028A 51053 L6 - Goldfarb Apartments-52 E. Armory 1992
N028B 51053 L6 - Goldfarb Apartments-104 N. Lincoln/809 W. Stoughton 1990
N028 51053 L6 - Goldfarb Apartments (Roll-Up) 4,675,000 5/20/98 80%
N029 51077 Royal Orleans Apartments 4,575,000 7/24/98 76% 1965/1996
N030 51261 Kenmore View Apartments 4,750,000 8/14/98 73% 1988
N031 51066 Forest at Duck Creek Apartments 4,650,000 7/14/98 74% 1986
N032 50776 Terraces Apartments 4,450,000 1/2/98 77% 1968
N033 51442 Chateau DePaix 4,900,000 8/10/98 68% 1977
N034 51048 Lulav Square Apartments 4,000,000 6/18/98 80% 1925/1978
N035 51316 La Jollan Townhouse 4,800,000 8/20/98 66% 1964/1997
N036 51034 Blueberry Estates 3,940,000 5/22/98 79% 1989
<CAPTION>
LOAN
TOTAL SF/ BALANCE
UNITS/ UNIT/ NET PER
SE- LOAN ROOM/ ROOM/ RENTABLE SF/UNIT/
QUENCE NUMBER PROPERTY NAME BED BED AREA (SF) ROOM/BED
- ------ ------ ------------- -- --- ---------- --------
<S> <C> <C> <C> <C> <C> <C>
N001 51386 Eagle Trace Apartments 984 Units 916,008 $ 44,690
N002 51385 The Breakers Apartments 400 Units 353,008 45,424
SUB-TOTAL CROSSED LOANS
N003 50166 La Jolla International Gardens 400 Units 331,184 72,015
N004 50167 La Scala Apartment Villas 354 Units 270,102 73,823
N005 51289 Park Place Apartments-Tustin CA 246 Units 213,222 44,594
N006 51192 Lakeside Village Apartments 260 Units 283,666 38,314
N007A 51046 L5 - Goldfarb Apartments-48 E. John St 28 Units 27,255
N007B 51046 L5 - Goldfarb Apartments-507 S. Fourth St 16 Units 9,702
N007C 51046 L5 - Goldfarb Apartments-905-907 W. Oregon 32 Units 21,473
N007D 51046 L5 - Goldfarb Apartments-1102 E. Colorado 48 Units 47,496
N007E 51046 L5 - Goldfarb Apartments-2007-2009 Philo Road 16 Units 11,120
N007F 51046 L5 - Goldfarb Apartments-2008-2010 Vawter 36 Units 31,724
N007G 51046 L5 - Goldfarb Apartments-2011 Philo Road 12 Units 8,966
N007 51046 L5 - Goldfarb Apartments (Roll-Up) 188 Units 157,736 43,696
N008 51160 Foxwood Apartments 272 Units 212,612 25,135
N009 50563 River View Condominiums 92 Units 90,192 69,445
N010 50668 Museum Walk Apartments 105 Units 122,667 59,870
N011 51041 Indiana Village Apartments 288 Units 213,708 18,806
N012A 51033 L4 - Goldfarb Apartments-57 E. Chalmers 20 Units 14,861
N012B 51033 L4 - Goldfarb Apartments-103 E. Chalmers 16 Units 9,511
N012C 51033 L4 - Goldfarb Apartments-202 E. Chalmers 39 Units 34,315
N012 51033 L4 - Goldfarb Apartments (Roll-Up) 75 Units 58,687 71,189
N013 51004 Westside Colonial Apartments 180 Units 126,200 29,160
N014 51101 Gaylord Apartments 190 Units 115,776 27,416
N015 51056 Sheridan Square Apartments 276 Units 190,688 18,787
N016 50894 The Courtyards Apartments 90 Units 110,597 55,356
N017 51104 Broadway & 171st 96 Units 88,200 48,267
N018 51055 Sail Cloth Factory Apartments 107 Units 71,335 42,084
N019 51169 Horton 4th Avenue Apartments 66 Units 46,849 68,045
N020 51093 Park Lane Apartments 52 Units 44,918 86,336
N021 50648 Colonial Plaza Apts 192 Units 160,184 22,707
N022A 51014 L2 - Goldfarb Apartments-106-108 E. Healy St 36 Units 27,668
N022B 51014 L2 - Goldfarb Apartments-303 East Green St. 16 Units 13,966
N022C 51014 L2 - Goldfarb Apartments-404 Clark St. 10 Units 7,110
N022D 51014 L2 - Goldfarb Apartments-804 West Illinois Ave. 28 Units 19,252
N022E 51014 L2 - Goldfarb Apartments-812 West Nevada Ave 10 Units 8,627
N022 51014 L2 - Goldfarb Apartments (Roll-Up) 100 Units 75,029 43,039
N023 51028 Innsbruck West Apartments 208 Units 144,168 20,308
N024 51287 Hensel Garden Apartments 204 Units 173,264 20,485
N025 51043 Sunscape Apartments 216 Units 149,744 18,796
N026 51127 Raintree Meadows Apartments 216 Units 139,184 18,018
N027 50986 Grand Rose Apartments 108 Units 69,480 34,658
N028A 51053 L6 - Goldfarb Apartments-52 E. Armory 52 Units 32,658
N028B 51053 L6 - Goldfarb Apartments-104 N. Lincoln/809 W. Stoughton 23 Units 19,828
N028 51053 L6 - Goldfarb Apartments (Roll-Up) 75 Units 52,486 49,667
N029 51077 Royal Orleans Apartments 147 Units 121,380 23,741
N030 51261 Kenmore View Apartments 72 Units 62,272 48,422
N031 51066 Forest at Duck Creek Apartments 130 Units 112,846 26,341
N032 50776 Terraces Apartments 140 Units 110,992 24,306
N033 51442 Chateau DePaix 62 Units 45,607 54,000
N034 51048 Lulav Square Apartments 140 Units 45,240 22,729
N035 51316 La Jollan Townhouse 60 Units 59,472 52,537
N036 51034 Blueberry Estates 68 Units 63,816 45,552
</TABLE>
<PAGE> 9
ANNEX A
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
<TABLE>
<CAPTION>
MOST
OCCUPANCY U/W U/W RECENT MOST MOST MOST
OCCUPANCY AS OF U/W U/W U/W NOI U/W RESERVES END RECENT RECENT RECENT
PERCENT DATE REVENUES REVENUES NOI DSCR RESERVES PER UNIT DATE REVENUES EXPENSES NOI
- -------- ---- -------- -------- --- ---- -------- -------- ---- -------- -------- ---
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
94% 11/12/98 $7,401,793 $2,440,502 $4,961,291 1.38 $276,504 $281.00 12/31/97 $7,116,319 $2,106,727 $5,009,592
95% 11/30/98 3,086,730 1,116,917 1,969,813 1.32 109,200 273.00 12/31/97 2,850,603 950,816 1,899,787
99% 09/30/98 4,432,741 1,307,801 3,124,940 1.28 61,200 153.00 12/31/97 4,270,822 1,489,062 2,781,760
99% 09/30/98 4,062,031 1,254,712 2,807,319 1.27 54,162 153.00 12/31/97 3,875,921 1,409,862 2,466,059
94% 08/01/98 2,141,917 774,696 1,367,221 1.56 70,836 287.95 12/31/97 1,923,419 689,810 1,233,609
92% 06/30/98 2,190,566 857,916 1,332,650 1.72 64,760 249.08 12/31/97 2,079,672 769,204 1,310,468
100% 07/31/98
100% 07/31/98
91% 07/31/98
98% 07/31/98
63% 07/31/98
100% 07/31/98
58% 07/31/98
1,476,831 566,920 909,911 1.45 100,620 535.21 12/31/97 1,421,063 513,850 907,213
95% 08/19/98 1,501,396 755,593 745,803 1.38 68,000 250.00 12/31/97 1,490,917 696,181 794,736
98% 06/23/98 1,121,760 456,441 665,319 1.28 18,676 203.00 12/31/97 1,103,223 409,623 693,600
97% 06/01/98 1,011,309 344,988 666,321 1.35 31,500 300.00 12/31/97 432,655 90,456 342,199
85% 06/26/98 1,310,716 648,929 661,787 1.55 86,400 300.00 12/31/97 1,298,231 582,785 715,446
100% 07/31/98
100% 07/31/98
100% 07/31/98
843,212 220,988 622,224 1.51 40,441 539.21 12/31/97 852,356 188,081 664,275
99% 09/03/98 1,413,438 741,650 671,788 1.68 27,000 150.00 12/31/97 1,367,326 697,820 669,506
98% 06/11/98 1,374,627 766,505 608,122 1.46 45,410 239.00 12/31/97 1,398,737 723,644 675,093
93% 08/21/98 1,236,498 656,619 579,879 1.42 62,100 225.00 12/31/97 1,291,026 645,387 645,639
99% 03/24/98 1,385,563 778,183 607,380 1.53 77,910 865.67 12/31/97 1,373,510 849,696 523,814
99% 09/01/98 966,393 477,992 488,401 1.31 21,000 218.75 12/31/97 1,003,922 871,928 131,994
93% 06/30/98 970,542 473,984 496,558 1.41 32,100 300.00 12/31/97 980,066 473,622 506,444
97% 08/25/98 776,033 305,068 470,965 1.29 14,520 220.00 12/31/97 731,184 279,121 452,063
98% 06/01/98 655,794 219,286 436,508 1.27 14,560 280.00 12/31/97 616,080 184,860 431,220
99% 09/30/98 936,571 432,094 504,477 1.39 47,424 247.00 12/31/97 891,786 415,501 476,285
92% 05/01/98
100% 05/01/98
90% 05/01/98
96% 05/01/98
100% 05/01/98
774,809 308,926 465,883 1.41 52,382 523.82 12/31/97 762,753 264,604 498,149
88% 06/29/98 1,012,098 512,074 500,024 1.51 62,400 300.00 12/31/97 1,005,191 438,763 566,428
98% 08/28/98 1,268,911 538,896 730,015 2.18 60,180 295.00 12/31/97 1,333,699 493,071 840,628
95% 07/29/98 1,191,172 669,711 521,461 1.63 38,880 180.00 12/31/97 1,144,082 626,337 517,745
98% 09/17/98 819,745 365,113 454,632 1.46 43,200 200.00 12/31/97 823,258 344,444 478,814
100% 09/30/98 666,058 279,697 386,361 1.32 21,600 200.00 12/31/97 622,556 266,221 356,335
98% 07/31/98
96% 07/31/98
642,946 236,541 406,405 1.43 38,587 514.49 12/31/97 660,340 175,542 484,798
97% 06/18/98 706,506 317,096 389,410 1.42 36,750 250.00 12/31/97 696,643 306,665 389,978
100% 07/31/98 599,715 245,044 354,671 1.32 16,470 228.75 12/31/97 602,133 233,887 368,246
94% 06/30/98 834,390 428,448 405,942 1.41 29,640 228.00 03/31/98 821,481 389,902 431,579
99% 08/12/98 835,022 432,393 402,629 1.43 49,000 350.00 12/31/97 838,108 474,114 363,994
100% 10/03/98 567,287 187,461 379,826 1.40 13,352 215.35 12/31/97 544,634 148,942 395,692
99% 07/01/98 759,696 380,322 379,374 1.39 35,000 250.00 12/31/97 828,140 357,184 470,956
100% 09/01/98 558,910 216,485 342,425 1.31 13,602 226.70 12/31/97 548,161 261,445 286,716
99% 09/24/98 502,284 177,256 325,028 1.31 15,028 221.00 12/31/97 509,754 132,791 376,963
<CAPTION>
2ND
MOST MOST
RECENT RECENT
NOI END
DSCR DATE
---- ----
<S> <C>
1.39 12/31/96
1.28 12/31/96
1.14 12/31/96
1.11 12/31/96
1.40 12/31/96
1.69 12/31/96
1.44 12/31/96
1.47 12/31/96
1.34 12/31/96
1.67
1.68 12/31/96
1.61 12/31/96
1.67 12/31/96
1.62 12/31/96
1.58 12/31/96
1.32 12/31/96
0.35 12/31/96
1.44 12/31/96
1.24 12/31/96
1.26 12/31/96
1.31 12/31/96
1.51 12/31/96
1.71 12/31/96
2.51 12/31/96
1.62 12/31/96
1.54 12/31/96
1.22 12/31/96
1.71 12/31/96
1.42 12/31/96
1.37 12/31/96
1.50 3/31/97
1.30 12/31/96
1.46 12/31/96
1.73 12/31/96
1.09 12/31/96
1.52 12/31/96
</TABLE>
<PAGE> 10
<TABLE>
<CAPTION>
SECOND SECOND
2nd LARGEST LARGEST SECOND LARGEST LARGEST
2nd 2nd 2nd MOST LARGEST TENANT TENANT LARGEST TENANT TENANT
MOST MOST MOST RECENT TENANT % OF LEASE TENANT % OF LEASE
RECENT RECENT RECENT NOI LEASED TOTAL EXPIRA- SECOND LARGEST LEASED TOTAL EXPIRA-
REVENUES EXPENSES NOI DSCR LARGEST TENANT SF SF TION TENANT SF SF TION
-------- -------- --- ---- -------------- -- -- ---- ------ -- -- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
$6,720,209 $1,968,769 $4,751,440 1.32
2,774,820 959,422 1,815,398 1.22
3,841,344 1,246,388 2,594,956 1.06
3,628,711 1,222,743 2,405,968 1.08
1,880,816 660,868 1,219,948 1.39
2,249,970 759,849 1,490,121 1.93
1,554,955 516,640 1,038,315 1.65
1,500,196 654,660 845,536 1.57
1,065,605 348,480 717,125 1.38
1,305,253 524,886 780,367 1.83
829,944 166,534 663,410 1.61
1,153,579 679,839 473,740 1.18
1,282,005 701,848 580,157 1.39 Bounty Restaurant 2,000 2% 11/1/99 Optical Store 2,000 2% 12/31/03
1,210,946 684,730 526,216 1.29
1,260,655 695,714 564,941 1.42
965,963 828,837 137,126 0.37 J&J Pharmacy 1,350 2% 7/31/04 Jose Diaz 1,350 2% 6/30/10
943,895 454,563 489,332 1.39
657,859 255,853 402,006 1.10
616,750 175,270 441,480 1.29
841,905 406,287 435,618 1.20
766,416 257,437 508,979 1.54
1,003,806 472,206 531,600 1.60
1,256,693 523,229 733,464 2.19
1,149,087 588,437 560,650 1.75
789,467 317,974 471,493 1.51
469,844 277,248 192,596 0.66
518,098 148,631 369,467 1.30
663,663 324,315 339,348 1.24
543,965 219,630 324,335 1.20
791,410 396,280 395,130 1.38
779,332 482,170 297,162 1.06
473,929 146,101 327,828 1.21
829,485 323,794 505,691 1.85
527,861 424,313 103,548 0.40
477,701 127,728 349,973 1.41
</TABLE>
<PAGE> 11
<TABLE>
<CAPTION>
SE- LOAN
QUENCE NUMBER PROPERTY NAME PROPERTY ADDRESS
------ ------ ------------- ----------------
<S> <C> <C> <C>
N037A 51027 L3 - Goldfarb Apartments-301 E. Chalmers St. 301 E. Chalmers St.
N037B 51027 L3 - Goldfarb Apartments-506 S. Fourth St. 506 S. Fourth St.
N037C 51027 L3 - Goldfarb Apartments-506 W. Elm St. 506 W. Elm St.
N037 51027 L3 - Goldfarb Apartments (Roll-Up)
N038 51221 Chaumont Villas 1600 West Broadway
N039 51297 Stadium Terrace Apartments 1960 N Canyon St.
N040 50935 Barrington Apartments 607 Moody Road
N041 51065 Ambassador East Apartments 8911 Northeastern Blvd. NE
N042A 51035 L7 - Goldfarb Apartments-105 N. Busey 105 N. Busey
N042B 51035 L7 - Goldfarb Apartments-809-813 W. Springfield 809-813 W. Springfield
N042 51035 L7 - Goldfarb Apartments (Roll-Up)
N043 50099 300 Carpenter Apartments 300 Carpenter Dr.
N044 50969 Eastwyck Village Apartments 1201 Edenham Court
N045 51075 L10 - Goldfarb Apartments 306-410 E. Michigan Ave
N046 51299 Broadway Manor 1051 Broadway
N047 50937 Belle Terrace Apartments 1-2 Dark Hollow Road and 3-8 Presidents Drive
N048 50888 Northpark Village Apts 3502 Newman Road
N049 51096 Aspen Circle Apartments 3717 East San Miguel Street
N050 51348 Barrington Apartments 2449 S. Barrington Ave.
N051 50852 Windover Woods Apartments 2605 Columbia Blvd
N052 51354 Colter Meadows Apartments 3010 West Colter St.
N053 51038 Le Tournesol Apartments 2640 Portage Bay Ave
N054 50331 Crosswinds West Apartments 5525 Southwest 41st Street
N055 51042 Westside Apartments 89th St.
N056 51215 Orion Garden Apartments 8414 Orion Ave.
N057 51198 Beverly Plaza Apartments 3655-3739 Beverly Ave. NE
N058 51251 947 Bush Street 947 Bush St.
N059 51294 Grace Manor Apartments 3323 SW Multnomah Blvd.
N060 51281 Casa Del Campbell Apartments 2525-2529 West Campbell Ave.
N061 51086 Glen Garden Apartments 316-330 Glen Ave. & Memorial Plaza
N062 51076 1636 Lexington Avenue Apartments 1636-1648 Lexington Ave
N063 51245 Silver Ridge Apartments 1230 E. 38 1/2 Street
N064 51036 L9 - Goldfarb Apartments 105 S. Wright
N065 50904 College View Apartments 1105 Northwest 3rd Ave
N066 51322 Justin Court Apartments 156 Warner Milne Rd.
N067 51124 270 East 10th St. Apartments 270 East 10th Street
N068 51320 Bostonia Townhomes 1234 & 1242 North 1st St.
N069 50336 The Park At Westridge Apartments 11809 East 83rd Street
N070 51246 Wilshire Occidental Apartments 415 South Occidental Blvd
N071 51173 Raintree Apartments 1200 W. McGaffey St.
N072 50509 Oxnard Villa Apartments 13115-13129 Oxnard Street
N073 50853 Greentree Apts 6405 N.E. Hazel Dell Ave
N074 51303 Sun Valley Apartments 12440 N. 113th Ave.
N075 51190 Apache Manor Apartments 3817 Macalaster Dr. NE
N076 51202 Campus Village Apartments 263 N Chorro St.
N077 51372 Casa de Porter Apartments 512 N Porter St.
N078 51357 Cote D'Azur Apartments 11117 Hartsook Street
N079 51189 Avon Street Apartments 33, 39 and 45 Avon Street South
N080 50788 2474 Valentine Avenue Apartments 2474 Valentine Avenue
N081 51248 Woodside Apartments 2930 North 52nd St.
N082 51271 1407-1415 W. Sherwin Ave. Apts. 1407-1415 W. Sherwin Ave.
N083 51302 Summit Avenue Apartments 901-909 Summit Ave.
N084 51325 Napa Broadway Apartments 5410 Broadway
N085 51390 Croftwood Apartments 1005 Craycroft Road
N086 51319 Charles Avenue Apartments 1958, 1604, & 1618 Charles Ave.
N087 51425 Sheila Gardens 200 Sheila Court
N088 51224 Pillsbury Manor 2435 Pillsbury Ave.
N089 51123 522 East 6th St. Apartments 522 East 6th Street
<CAPTION>
COUNTY CITY
------ ----
<S> <C>
Champaign Campaign
Champaign Champaign
Champaign Urbana
Orange Anaheim
Utah Provo
Putnam Palatka
Bernalillo Albuquerque
Champaign Urbana
Champaign Urbana
Fulton Sandy Springs
City Virginia Beach
Champaign Urbana
San Mateo Millbrae
Suffolk Port Jefferson
Jasper Joplin
El Paso Colorado Springs
Los Angeles Los Angeles
Brevard Titusville
Maricopa Phoenix
Yolo Davis
Broward Pembroke Park
New York New York
Los Angeles Van Nuys
Marion Salem
San Francisco San Francisco
Multnomah Portland
Maricopa Phoenix
Wicomico Salisbury
New York New York
Travis Austin
Champaign Champaign
Alachua Gainesville
Clackamas Oregon City
New York New York
San Diego El Cajon
Jackson Raytown
Los Angeles Los Angeles
Chaves Roswell
Los Angeles Van Nuys
Clark Vancouver
Maricopa Youngtown
Ramsey St. Anthony
San Luis Obispo San Luis Obispo
Orange Santa Ana
Los Angeles North Hollywood
Ramsey St. Paul
Bronx Bronx
Maricopa Phoenix
Cook Chicago
Hennepin Minneapolis
Alameda Oakland
Pima Tucson
Ramsey St. Paul
Stanislaus Modesto
Hennepin Minneapolis
New York New York
</TABLE>
<PAGE> 12
ANNEX A
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
<TABLE>
<CAPTION>
CUT-OFF MATURITY
ZIP PROPERTY ORIGINAL DATE DATE LOAN MORTGAGE
STATE CODE TYPE BALANCE BALANCE BALANCE TYPE RATE
----- ---- ---- ------- ------- ------- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C>
IL 61820 Multifamily
IL 61820 Multifamily
IL 61801 Multifamily
Multifamily $ 3,007,200 $ 2,995,527 $ 2,602,430 Balloon 6.650%
CA 92802 Multifamily 3,000,000 2,987,059 2,614,043 Balloon 6.900%
UT 84604 Multifamily 2,944,000 2,935,991 2,572,441 Balloon 7.000%
FL 32177 Multifamily 2,920,000 2,907,404 2,544,336 Balloon 6.900%
NM 87112 Multifamily 2,900,000 2,879,266 1,214,998 Balloon 7.010%
IL 61801 Multifamily
IL 61801 Multifamily
Multifamily 2,772,000 2,760,896 2,390,363 Balloon 6.520%
GA 30328 Multifamily 2,772,000 2,745,422 2,505,641 Balloon 8.410%
VA 23464 Multifamily 2,600,000 2,590,175 2,256,742 Balloon 6.760%
IL 61801 Multifamily 2,560,000 2,552,203 2,211,210 Balloon 6.570%
CA 94030 Multifamily 2,500,000 2,493,426 2,191,615 Balloon 7.125%
NY 11777 Multifamily 2,500,000 2,488,796 1,999,844 Balloon 6.900%
MO 64801 Multifamily 2,329,160 2,319,520 1,791,853 Balloon 7.060%
CO 80909 Multifamily 2,325,000 2,318,794 1,980,408 Balloon 6.610%
CA 90064 Multifamily 2,250,000 2,245,311 1,965,368 Balloon 7.000%
FL 32780 Multifamily 2,250,000 2,241,726 1,958,700 Balloon 6.870%
AZ 85017 Multifamily 2,200,000 2,195,416 1,921,695 Balloon 7.000%
CA 95616 Multifamily 2,200,000 2,192,129 1,920,745 Balloon 6.980%
FL 33023 Multifamily 2,136,000 2,115,947 1,696,991 Balloon 7.810%
NY 10023 Multifamily 2,100,000 2,090,159 1,667,773 Balloon 6.670%
CA 91406 Multifamily 2,000,000 1,991,858 1,752,911 Balloon 7.123%
OR 97305 Multifamily 1,975,000 1,966,856 1,728,799 Balloon 7.074%
CA 94109 Multifamily 1,950,000 1,942,456 1,688,172 Balloon 6.664%
OR 97219 Multifamily 1,875,000 1,869,899 1,638,359 Balloon 7.000%
AZ 85017 Multifamily 1,840,000 1,834,194 1,583,202 Balloon 6.431%
MD 21804 Multifamily 1,800,000 1,792,168 1,446,588 Balloon 7.050%
NY 10029 Multifamily 1,788,000 1,784,741 1,581,862 Balloon 7.500%
TX 78722 Multifamily 1,720,000 1,713,750 1,499,223 Balloon 6.918%
IL 61820 Multifamily 1,680,000 1,673,270 1,448,705 Balloon 6.520%
FL 32604 Multifamily 1,644,000 1,633,041 1,321,008 Balloon 7.050%
OR 97045 Multifamily 1,630,500 1,627,102 1,424,237 Balloon 7.000%
NY 10009 Multifamily 1,600,000 1,596,879 1,406,657 Balloon 7.250%
CA 92021 Multifamily 1,600,000 1,595,787 1,402,451 Balloon 7.120%
MO 64138 Multifamily 1,560,000 1,543,683 1,375,285 Balloon 7.370%
CA 90057 Multifamily 1,500,000 1,494,386 1,303,329 Balloon 6.799%
NM 88201 Multifamily 1,450,000 1,448,649 1,180,749 Balloon 7.500%
CA 91401 Multifamily 1,432,000 1,418,795 1,259,528 Balloon 7.280%
WA 98665 Multifamily 1,420,000 1,412,101 1,243,863 Balloon 7.100%
AZ 85363 Multifamily 1,400,000 1,396,192 1,223,309 Balloon 7.000%
MN 55421 Multifamily 1,308,000 1,305,379 1,146,997 Balloon 7.150%
CA 93405 Multifamily 1,300,000 1,292,053 1,058,667 Balloon 7.493%
CA 92701 Multifamily 1,200,000 1,198,715 1,062,008 Balloon 7.500%
CA 91601 Multifamily 1,160,000 1,157,583 1,013,257 Balloon 7.000%
MN 55105 Multifamily 1,144,000 1,141,616 999,281 Balloon 7.000%
NY 10458 Multifamily 1,098,000 1,095,401 971,773 Balloon 7.500%
AZ 85018 Multifamily 1,012,500 1,008,795 881,882 Balloon 6.890%
IL 60626 Multifamily 1,000,000 996,295 869,838 Balloon 6.840%
MN 55403 Multifamily 1,000,000 995,606 802,423 Balloon 7.000%
CA 94618 Multifamily 995,000 993,186 880,287 Balloon 7.500%
AZ 85711 Multifamily 862,500 861,689 770,428 Balloon 7.880%
MN 55104 Multifamily 860,000 856,405 695,380 Balloon 7.250%
CA 95350 Multifamily 800,000 799,280 654,330 Balloon 7.650%
MN 55404 Multifamily 800,000 795,261 654,513 Balloon 7.650%
NY 10009 Multifamily 750,000 748,537 659,371 Balloon 7.250%
<CAPTION>
ADMINI-
STRATIVE SUB- NET FIRST INTEREST
FEE SERVICING MORTGAGE NOTE PAYMENT ACCRUAL
RATE (I) FEE RATE RATE DATE DATE METHOD
-------- -------- ---- ---- ---- ------
<S> <C> <C> <C> <C> <C>
0.143% 0.100% 6.507% 08/21/1998 10/01/1998 Actual/360
0.143% 0.100% 6.757% 07/29/1998 09/01/1998 Actual/360
0.143% 0.100% 6.857% 09/17/1998 11/01/1998 Actual/360
0.143% 0.100% 6.757% 07/30/1998 09/01/1998 Actual/360
0.143% 0.100% 6.867% 09/08/1998 11/01/1998 Actual/360
0.143% 0.100% 6.377% 08/27/1998 10/01/1998 Actual/360
0.143% 0.100% 8.267% 07/15/1997 09/01/1997 Actual/360
0.143% 0.100% 6.617% 08/10/1998 10/01/1998 Actual/360
0.143% 0.100% 6.427% 09/09/1998 11/01/1998 Actual/360
0.143% 0.100% 6.982% 09/23/1998 11/01/1998 Actual/360
0.143% 0.100% 6.757% 09/16/1998 11/01/1998 Actual/360
0.143% 0.100% 6.917% 07/31/1998 09/01/1998 Actual/360
0.143% 0.100% 6.467% 10/23/1998 12/01/1998 30/360
0.143% 0.100% 6.857% 09/25/1998 12/01/1998 Actual/360
0.143% 0.100% 6.727% 08/05/1998 10/01/1998 Actual/360
0.143% 0.100% 6.857% 10/15/1998 12/01/1998 Actual/360
0.143% 0.100% 6.837% 08/28/1998 10/01/1998 Actual/360
0.143% 0.100% 7.667% 10/20/1997 12/01/1997 Actual/360
0.143% 0.100% 6.527% 09/08/1998 11/01/1998 Actual/360
0.143% 0.100% 6.980% 07/24/1998 09/01/1998 Actual/360
0.143% 0.100% 6.931% 07/20/1998 09/01/1998 Actual/360
0.143% 0.100% 6.521% 08/26/1998 10/01/1998 Actual/360
0.143% 0.100% 6.857% 09/15/1998 11/01/1998 Actual/360
0.143% 0.100% 6.288% 08/31/1998 11/01/1998 Actual/360
0.143% 0.100% 6.907% 09/15/1998 11/01/1998 Actual/360
0.143% 0.100% 7.357% 10/05/1998 12/01/1998 Actual/360
0.143% 0.100% 6.775% 08/19/1998 10/01/1998 Actual/360
0.143% 0.100% 6.377% 08/27/1998 10/01/1998 Actual/360
0.143% 0.100% 6.907% 07/21/1998 09/01/1998 Actual/360
0.143% 0.100% 6.857% 09/24/1998 12/01/1998 Actual/360
0.143% 0.100% 7.107% 10/29/1998 12/01/1998 Actual/360
0.143% 0.100% 6.977% 09/28/1998 11/01/1998 Actual/360
0.118% 0.075% 7.252% 10/30/1997 12/01/1997 Actual/360
0.143% 0.100% 6.656% 08/20/1998 10/01/1998 Actual/360
0.143% 0.100% 7.357% 12/02/1998 02/01/1999 Actual/360
0.143% 0.100% 7.137% 12/11/1997 02/01/1998 Actual/360
0.143% 0.100% 6.957% 05/21/1998 07/01/1998 Actual/360
0.143% 0.100% 6.857% 09/21/1998 11/01/1998 Actual/360
0.143% 0.100% 7.007% 09/25/1998 12/01/1998 Actual/360
0.143% 0.100% 7.350% 07/20/1998 09/01/1998 Actual/360
0.143% 0.100% 7.357% 11/02/1998 01/01/1999 Actual/360
0.143% 0.100% 6.857% 10/07/1998 12/01/1998 Actual/360
0.143% 0.100% 6.857% 09/25/1998 12/01/1998 Actual/360
0.143% 0.100% 7.357% 09/18/1998 11/01/1998 Actual/360
0.143% 0.100% 6.747% 08/24/1998 10/01/1998 Actual/360
0.143% 0.100% 6.697% 08/26/1998 10/01/1998 Actual/360
0.143% 0.100% 6.857% 09/11/1998 11/01/1998 Actual/360
0.143% 0.100% 7.357% 10/20/1998 12/01/1998 Actual/360
0.143% 0.100% 7.737% 11/19/1998 01/01/1999 Actual/360
0.143% 0.100% 7.107% 09/23/1998 11/01/1998 Actual/360
0.143% 0.100% 7.507% 10/15/1998 02/01/1999 Actual/360
0.143% 0.100% 7.507% 07/21/1998 09/01/1998 Actual/360
0.293% 0.250% 6.957% 10/29/1998 12/01/1998 Actual/360
</TABLE>
<PAGE> 13
<TABLE>
<CAPTION>
ORIGINAL ORIGINAL REMAINING
TERM TO AMORTIZATION TERM TO
MONTHLY MATURITY TERM SEASONING MATURITY MATURITY
PAYMENT (MONTHS) (MONTHS)(II) (MONTHS)(MONTHS) DATE
- ------- ------ ----------- ------ ------ ---
<S> <C> <C> <C> <C> <C>
$ 19,305 120 360 5 115 9/1/08
19,758 120 360 6 114 8/1/08
19,587 120 360 4 116 10/1/08
19,231 120 360 6 114 8/1/08
22,501 180 240 4 176 10/1/13
17,557 120 360 5 115 9/1/08
21,138 120 360 18 102 8/1/07
16,881 120 360 5 115 9/1/08
16,299 120 360 4 116 10/1/08
16,843 120 360 4 116 10/1/08
17,510 120 300 4 116 10/1/08
15,590 180 360 6 174 8/1/13
14,864 120 360 3 117 11/1/08
14,969 120 360 3 117 11/1/08
14,773 120 360 5 115 9/1/08
14,637 120 360 3 117 11/1/12
14,607 120 360 5 115 9/1/08
15,391 180 360 15 165 11/1/12
14,403 120 300 4 116 10/1/08
13,472 120 360 6 114 8/1/08
13,238 120 360 6 114 8/1/08
12,536 120 360 5 115 9/1/08
12,474 120 360 4 116 10/1/08
11,547 120 360 4 116 10/1/08
12,780 120 300 4 116 10/1/08
12,502 120 360 3 117 11/1/08
11,349 120 360 5 115 9/1/08
10,641 120 360 5 115 9/1/08
11,672 120 300 6 114 8/1/08
10,848 120 360 3 117 11/1/08
10,915 120 360 3 117 11/1/08
10,774 120 360 4 116 10/1/08
10,769 120 360 15 105 11/1/07
9,778 120 360 5 115 9/1/08
10,715 120 300 1 119 1/1/09
9,798 120 360 13 107 1/1/08
9,543 120 360 8 112 6/1/08
9,314 120 360 4 116 10/1/08
8,834 120 360 3 117 11/1/08
9,601 120 300 6 114 8/1/08
8,391 120 360 2 118 12/1/08
7,718 120 360 3 117 11/1/08
7,611 120 360 3 117 11/1/08
7,677 120 360 4 116 10/1/08
6,662 120 360 5 115 9/1/08
6,546 120 360 5 115 9/1/08
7,068 120 300 4 116 10/1/08
6,957 120 360 3 117 11/1/08
6,257 120 360 2 118 12/1/08
6,216 120 300 4 116 10/1/08
5,990 120 300 1 119 1/1/09
5,990 120 300 6 114 8/1/08
5,116 120 360 3 117 11/1/08
<CAPTION>
CROSS-
COLLATER- LOCKOUT
ALIZED RELATED EXPIRATION PREPAYMENT PENALTY
LOANS LOANS DATE DESCRIPTION (MONTHS)
-------- ------- ---------- --------------------------------------
<S> <C> <C> <C>
No Yes(C) 4/30/08 LO(115)/OPEN(5)/DEFEASANCE
No No 6/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 8/1/08 LO(118)/OPEN(2)/DEFEASANCE
No Yes(D) 3/31/08 LO(115)/OPEN(5)/DEFEASANCE
No 6/1/13 LO(176)/OPEN(4)/DEFEASANCE
No Yes(C) 4/30/08 LO(115)/OPEN(5)/DEFEASANCE
No No 7/31/01 LO(48)/GRTR 1%PPMT OR YM(66)/OPEN
No No 4/30/08 LO(115)/OPEN(5)/DEFEASANCE
No Yes(C) 6/1/08 LO(116)/OPEN(4)/DEFEASANCE
No No 8/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 5/31/08 LO(115)/OPEN(5)/DEFEASANCE
No No 3/31/13 LO(175)/OPEN(5)/DEFEASANCE
No No 6/30/08 LO(115)/OPEN(5)/DEFEASANCE
No No 9/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 4/30/08 LO(115)/OPEN(5)/DEFEASANCE
No No 9/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 4/30/08 LO(115)/OPEN(5)/DEFEASANCE
No No 10/31/05 LO(96)/GRTR 1% PPMT OR YM(78)/OPEN(6)
No No 5/31/08 LO(115)/OPEN(5)/DEFEASANCE
No Yes(F) 6/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 6/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 7/2/08 LO(118)/OPEN(2)/DEFEASANCE
No No 8/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 8/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 5/31/08 LO(115)/OPEN(2)/DEFEASANCE
No No 6/30/08 LO(115)/OPEN(5)/DEFEASANCE
No No 7/2/08 LO(118)/OPEN(5)/DEFEASANCE
No Yes(C) 4/30/08 LO(115)/OPEN(2)/DEFEASANCE
No Yes(D) 3/31/08 LO(115)/OPEN(5)/DEFEASANCE
No No 9/1/08 LO(118)/OPEN(2)/DEFEASANCE
No Yes(G) 7/1/08 LO(116)/OPEN(4)/DEFEASANCE
No No 8/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 10/31/01 LO(48)/GRTR 1% PPMT OR YM(60)/OPEN(12)
No No 7/2/98 LO(118)/OPEN(2)/DEFEASANCE
No No 10/1/08 LO(117)/OPEN(3)/DEFEASANCE
No No 12/31/01 LO(48)/GRTR 1% PPMT OR YM (66)/OPEN(6)/DEFEASANCE
No No 5/31/02 LO(47)/GRTR 1% PPMT OR YM (66)/OPEN(7)/DEFEASANCE
No No 8/1/08 LO(118)/OPEN(2)/DEFEASANCE
No Yes(H) 8/2/08 LO(117)/OPEN(3)/DEFEASANCE
No No 6/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 10/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 9/1/08 LO(118)/OPEN(2)/DEFEASANCE
No Yes(H) 8/2/08 LO(117)/OPEN(3)/DEFEASANCE
No No 5/31/08 LO(115)/OPEN(5)/DEFEASANCE
No No 7/2/08 LO(118)/OPEN(2)/DEFEASANCE
No No 7/2/08 LO(118)/OPEN(2)/DEFEASANCE
No Yes(H) 8/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 9/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 10/1/08 LO(118)/OPEN(2)/DEFEASANCE
No Yes(H) 8/1/08 LO(118)/OPEN(2)/DEFEASANCE
No No 11/1/09 LO(118)/OPEN(2)/DEFEASANCE
No No 6/1/08 LO(118)/OPEN(2)/DEFEASANCE
No Yes(G) 7/1/08 LO(116)/OPEN(4)/DEFEASANCE
</TABLE>
<PAGE> 14
<TABLE>
<CAPTION>
CUT-OFF TOTAL
DATE UNITS/
LOAN APPRAISAL APPRAISAL LTV YEAR BUILT/ ROOM/
SEQUENCE NUMBER PROPERTY NAME VALUE DATE RATIO RENOVATED BED
- -------- ------ ------------- ----- ---- ------- ----------- ------
<S> <C> <C> <C> <C> <C> <C> <C>
N037A 51027 L3 - Goldfarb Apartments-301 E. Chalmers St. 1997 17
N037B 51027 L3 - Goldfarb Apartments-506 S. Fourth St. 1984 24
N037C 51027 L3 - Goldfarb Apartments-506 W. Elm St. 1985 11
N037 51027 L3 - Goldfarb Apartments (Roll-Up) $3,970,000 06/04/98 76% 52
N038 51221 Chaumont Villas 4,400,000 07/10/98 68% 1961 60
N039 51297 Stadium Terrace Apartments 3,680,000 07/31/98 80% 1970 44
N040 50935 Barrington Apartments 3,675,000 04/28/98 79% 1985 104
N041 51065 Ambassador East Apartments 4,200,000 07/14/98 69% 1963 118
N042A 51035 L7 - Goldfarb Apartments-105 N. Busey 1986 26
N042B 51035 L7 - Goldfarb Apartments-809-813 W. Springfield 1986 34
N042 51035 L7 - Goldfarb Apartments (Roll-Up) 3,465,000 04/24/98 80% 60
N043 50099 300 Carpenter Apartments 3,585,000 10/01/97 77% 1964 102
N044 50969 Eastwyck Village Apartments 4,680,000 06/04/98 55% 1994 96
N045 51075 L10 - Goldfarb Apartments 3,200,000 06/02/98 80% 1971 96
N046 51299 Broadway Manor 3,800,000 08/05/98 66% 1987 41
N047 50937 Belle Terrace Apartments 3,500,000 04/27/98 71% 1960 64
N048 50888 Northpark Village Apts 3,100,000 02/04/98 75% 1996 120
N049 51096 Aspen Circle Apartments 3,400,000 06/24/98 68% 1971 105
N050 51348 Barrington Apartments 3,100,000 08/12/98 72% 1986 33
N051 50852 Windover Woods Apartments 3,150,000 11/26/97 71% 1984 128
N052 51354 Colter Meadows Apartments 2,925,000 09/03/98 75% 1986 71
N053 51038 Le Tournesol Apartments 3,250,000 07/03/98 68% 1981 45
N054 50331 Crosswinds West Apartments 2,670,000 08/18/97 79% 1976/1996 81
N055 51042 Westside Apartments 3,100,000 06/23/98 67% 1926/1970 45
N056 51215 Orion Garden Apartments 2,900,000 06/11/98 69% 1977 130
N057 51198 Beverly Plaza Apartments 2,680,000 06/15/98 73% 1993 60
N058 51251 947 Bush Street 3,225,000 07/13/98 60% 1909 53
N059 51294 Grace Manor Apartments 2,490,000 08/11/98 75% 1967 58
N060 51281 Casa Del Campbell Apartments 2,480,000 07/03/98 74% 1971/1980 121
N061 51086 Glen Garden Apartments 2,400,000 07/09/98 75% 1966 88
N062 51076 1636 Lexington Avenue Apartments 2,430,000 05/05/98 73% 1934 47
N063 51245 Silver Ridge Apartments 2,170,000 07/09/98 79% 1969/1985 74
N064 51036 L9 - Goldfarb Apartments 2,100,000 05/12/98 80% 1997 25
N065 50904 College View Apartments 2,150,000 04/23/98 76% 1950 54
N066 51322 Justin Court Apartments 2,170,000 08/26/98 75% 1995 39
N067 51124 270 East 10th St. Apartments 2,000,000 09/08/98 80% 1900/1983 13
N068 51320 Bostonia Townhomes 2,000,000 08/07/98 80% 1991 30
N069 50336 The Park At Westridge Apartments 1,950,000 09/17/97 79% 1973 96
N070 51246 Wilshire Occidental Apartments 2,000,000 07/07/98 75% 1968 51
N071 51173 Raintree Apartments 2,100,000 06/23/98 69% 1974 73
N072 50509 Oxnard Villa Apartments 1,790,000 10/01/97 79% 1960 40
N073 50853 Greentree Apts 2,560,000 03/13/98 55% 1972/1997 67
N074 51303 Sun Valley Apartments 1,750,000 07/15/98 80% 1978/1982 70
N075 51190 Apache Manor Apartments 1,635,000 07/22/98 80% 1967 42
N076 51202 Campus Village Apartments 2,000,000 05/27/98 65% 1963 36
N077 51372 Casa de Porter Apartments 1,750,000 08/07/98 69% 1986 47
N078 51357 Cote D'Azur Apartments 1,450,000 08/20/98 80% 1987 23
N079 51189 Avon Street Apartments 1,430,000 07/22/98 80% 1902 28
N080 50788 2474 Valentine Avenue Apartments 1,660,000 05/29/98 66% 1930 55
N081 51248 Woodside Apartments 1,380,000 06/22/98 73% 1979/1995 34
N082 51271 1407-1415 W. Sherwin Ave. Apts. 1,250,000 05/08/98 80% 1919 39
N083 51302 Summit Avenue Apartments 1,260,000 07/09/98 79% 1911 34
N084 51325 Napa Broadway Apartments 1,675,000 08/15/98 59% 1962 27
N085 51390 Croftwood Apartments 1,240,000 08/17/98 70% 1978 53
N086 51319 Charles Avenue Apartments 1,075,000 07/14/98 80% 1930 45
N087 51425 Sheila Gardens 2,195,000 06/18/98 36% 1974 75
N088 51224 Pillsbury Manor 1,070,000 06/10/98 74% 1968 40
N089 51123 522 East 6th St. Apartments 950,000 09/08/98 79% 1900 10
<CAPTION>
LOAN
SF/ BALANCE
UNIT/ NET PER
ROOM/ RENTABLE SF/UNIT/
BED AREA (SF) ROOM/BED
----- --------- ---------
<C> <C> <C>
Units 12,822
Units 22,830
Units 7,883
Units 43,535 57,606
Units 62,328 49,784
Units 48,540 66,727
Units 96,200 27,956
Units 99,768 24,401
Units 18,062
Units 25,108
Units 43,170 46,015
Units 105,000 26,916
Units 85,680 26,981
Units 99,200 26,585
Units 22,867 60,815
Units 46,800 38,887
Units 86,820 19,329
Units 85,050 22,084
Units 23,225 68,040
Units 95,891 17,513
Units 77,472 30,921
Units 51,995 48,714
Units 76,862 26,123
Units 51,750 46,448
Units 69,037 15,322
Units 55,370 32,781
Units 26,401 36,650
Units 48,502 32,240
Units 102,690 15,159
Units 74,216 20,366
Units 32,650 37,973
Units 50,462 23,159
Units 20,031 66,931
Units 36,832 30,242
Units 34,074 41,721
Units 8,675 122,837
Units 30,600 53,193
Units 76,280 16,080
Units 32,348 29,302
Units 76,122 19,845
Units 44,020 35,470
Units 58,520 21,076
Units 44,500 19,946
Units 32,541 31,080
Units 19,480 35,890
Units 26,688 25,505
Units 18,576 50,330
Units 22,700 40,772
Units 38,500 19,916
Units 28,200 29,670
Units 27,524 25,546
Units 19,240 29,283
Units 17,460 36,785
Units 29,536 16,258
Units 22,085 19,031
Units 61,165 10,657
Units 31,601 19,882
Units 6,750 74,854
</TABLE>
<PAGE> 15
<TABLE>
<CAPTION>
MOST
OCCUPANCY U/W U/W RECENT MOST MOST
OCCUPANCY AS OF U/W U/W U/W NOI U/W RESERVES END RECENT RECENT
PERCENT DATE REVENUES EXPENSES NOI DSCR RESERVES PER UNIT DATE REVENUES EXPENSES
- --------- -------- -------- -------- --- ---- -------- -------- ------ -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
100% 07/31/98
100% 07/31/98
100% 07/31/98
$502,558 $183,795 $318,763 1.38 $29,177 $561.10 12/31/97 $385,779 $145,493
100% 09/30/98 601,178 218,302 382,876 1.61 16,002 266.70 12/31/97 608,220 163,836
98% 09/01/98 528,813 198,305 330,508 1.41 16,393 372.57 04/30/98 552,008 169,131
99% 03/31/98 554,915 217,237 337,678 1.46 29,952 288.00 12/31/97 543,176 203,852
91% 07/21/98 768,020 383,496 384,524 1.42 35,677 302.35 12/31/97 746,617 344,940
100% 05/01/98
97% 05/01/98
504,967 175,646 329,321 1.56 32,301 538.35 12/31/97 503,096 123,576
86% 07/01/98 646,000 298,300 347,700 1.37 30,600 300.00 12/31/97 272,174 157,707
99% 05/01/98 617,901 323,366 294,535 1.45 24,000 250.00 12/31/97 625,095 312,807
95% 07/31/98 517,403 231,080 286,323 1.46 35,226 366.94 12/31/97 503,028 201,096
100% 06/30/98 381,910 120,349 261,561 1.29 9,887 241.15 12/31/97 380,369 81,743
98% 08/30/98 601,068 306,378 294,690 1.40 19,200 300.00 12/31/97 597,800 288,369
86% 06/30/98 472,630 227,136 245,494 1.31 21,000 175.00 12/31/97 395,722 165,922
91% 10/15/98 533,655 268,389 265,266 1.49 26,250 250.00 12/31/97 563,817 251,972
100% 09/01/98 337,692 101,567 236,125 1.31 8,250 250.00 12/31/97 355,186 91,209
98% 03/01/98 669,078 388,147 280,931 1.58 30,720 240.00 12/31/97 687,484 389,998
96% 09/01/98 487,553 210,894 276,659 1.58 23,163 326.24 12/31/97 480,357 231,093
98% 06/20/98 451,761 207,037 244,724 1.40 13,500 300.00 12/31/97 456,964 221,539
99% 08/14/98 518,145 269,754 248,391 1.34 17,145 211.67 12/31/97 493,697 255,431
100% 07/01/98 503,483 257,313 246,170 1.42 9,000 200.00 12/31/97 503,096 231,864
99% 06/30/98 610,017 334,588 275,429 1.70 32,500 250.00 12/31/97 619,679 235,699
97% 05/30/98 372,170 134,437 237,733 1.50 12,842 214.03 12/31/97 369,578 106,947
100% 07/13/98 371,316 134,681 236,635 1.57 20,061 378.51 12/31/97 358,373 124,121
98% 08/31/98 378,638 181,167 197,471 1.32 17,174 296.10 12/31/97 389,262 197,073
100% 07/01/98 543,694 288,756 254,938 1.84 33,275 275.00 12/31/97 514,905 275,836
100% 06/30/98 419,417 206,372 213,045 1.39 17,600 200.00 12/31/97 407,406 152,502
83% 07/31/98 397,908 186,776 211,132 1.41 23,500 500.00 12/31/97 381,943 195,540
91% 07/16/98 434,715 225,975 208,740 1.53 14,600 197.30 12/31/97 418,724 214,051
100% 07/31/98 259,010 78,658 180,352 1.41 12,899 515.96 12/31/97 148,616 24,027
100% 04/01/98 312,566 114,284 198,282 1.42 16,200 300.00 12/31/97 324,218 109,740
95% 08/01/98 262,087 96,070 166,017 1.28 9,796 251.18 12/31/97 249,383 72,192
100% 11/01/98 243,755 77,250 166,505 1.27 2,600 200.00 12/31/97 219,838 56,839
97% 08/31/98 253,661 77,452 176,209 1.36 7,500 250.00 12/31/97 241,156 61,936
98% 06/24/98 486,776 298,328 188,448 1.46 21,120 220.00 12/31/97 420,328 328,473
92% 06/25/98 325,640 166,172 159,468 1.36 10,200 200.00 12/31/97 316,792 162,126
97% 09/01/98 329,857 143,274 186,583 1.45 23,944 328.00 12/31/97 346,040 99,986
98% 09/30/98 281,168 122,964 158,204 1.35 11,240 281.00 12/31/97 250,308 178,556
88% 07/01/98 371,767 211,621 160,146 1.40 16,750 250.00 12/31/97 337,474 211,994
99% 08/01/98 269,061 97,911 171,150 1.53 18,668 266.69 12/31/97 277,570 77,072
100% 08/31/98 279,940 128,516 151,424 1.43 12,518 298.05 12/31/97 284,198 146,643
94% 07/16/98 229,835 67,752 162,083 1.41 9,446 262.39 12/31/97 249,240 59,712
100% 09/01/98 283,793 117,766 166,027 1.65 14,789 314.66 12/31/97 293,260 102,364
96% 10/16/98 190,403 67,343 123,060 1.33 8,618 374.70 12/31/97 207,180 46,763
99% 09/03/98 237,011 102,396 134,615 1.47 7,179 256.39 12/31/97 241,076 118,261
93% 06/30/98 322,149 187,713 134,436 1.46 19,250 350.00 12/31/97 246,312 92,919
97% 06/10/98 185,438 56,240 129,198 1.62 8,500 250.00 12/31/97 182,281 51,506
100% 02/27/98 248,382 124,468 123,914 1.58 12,832 329.03 12/31/97 218,703 119,096
100% 08/01/98 221,334 96,505 124,829 1.47 8,500 250.00 12/31/97 224,172 99,490
100% 06/30/98 210,819 75,129 135,690 1.63 5,400 200.00 12/31/97 202,061 46,493
94% 09/01/98 226,740 99,739 127,001 1.69 11,395 215.00 03/31/98 224,726 104,988
96% 07/01/98 227,262 107,539 119,723 1.61 11,250 250.00 12/31/97 226,964 114,042
92% 06/12/98 358,800 200,929 157,871 2.20 18,750 250.00 12/31/97 351,078 201,563
100% 04/30/98 244,804 142,888 101,916 1.42 10,000 250.00 12/31/97 247,144 143,360
100% 10/01/98 111,331 32,569 78,762 1.28 2,000 200.00 12/31/97 110,129 30,017
<CAPTION>
2ND
MOST MOST
MOST RECENT RECENT
RECENT NOI END
NOI DSCR DATE
------ ------ ------
<S> <S> <S>
$240,286 1.04 12/31/96
444,384 1.87 12/31/96
382,877 1.63 04/30/97
339,324 1.47 12/31/96
401,677 1.49 12/31/96
379,520 1.80 12/31/96
114,467 0.90
312,288 1.54 12/31/96
301,932 1.54 12/31/96
298,626 1.48 12/31/96
309,431 1.47 12/31/96
229,800 1.23
311,845 1.75 12/31/96
263,977 1.47 12/31/96
297,486 1.68
249,264 1.42
235,425 1.34 12/31/96
238,266 1.29
271,232 1.57 12/31/96
383,980 2.38 12/31/96
262,631 1.65 12/31/96
234,252 1.56 12/31/96
192,189 1.28 12/31/96
239,069 1.73 12/31/96
254,904 1.66 12/31/96
186,403 1.24 12/31/96
204,673 1.50
124,589 1.30
214,478 1.53 12/31/96
177,191 1.36 12/31/96
162,999 1.24 12/31/96
179,220 1.39
91,855 0.71
154,666 1.32 12/31/96
246,054 1.91 12/31/96
71,752 0.61
125,480 1.10 12/31/96
200,498 1.79 12/31/96
137,555 1.30 12/31/96
189,528 1.65 12/31/96
190,896 1.90 12/31/96
160,417 1.73 12/31/96
122,815 1.34 12/31/96
153,393 2.00
130,775 1.64 12/31/96
99,607 1.27
124,682 1.47 12/31/96
155,568 1.86 12/31/96
119,738 1.59 03/31/97
112,922 1.51 12/31/96
149,515 2.08 12/31/96
103,784 1.44 12/31/96
80,112 1.30 12/31/96
</TABLE>
<PAGE> 16
<TABLE>
<CAPTION>
SECOND SECOND
2ND LARGEST LARGEST SECOND LARGEST LARGEST
2ND 2ND 2ND MOST LARGEST TENANT TENANT LARGEST TENANT TENANT
MOST MOST MOST RECENT TENANT % OF LEASE SECOND TENANT % OF LEASE
RECENT RECENT RECENT NOI LEASED TOTAL EXPIRA- LARGEST LEASED TOTAL EXPIRA-
REVENUES EXPENSES NOI DSCR LARGEST TENANT SF SF TION TENANT SF SF TION
- -------- -------- ------ ------ --------------- -------- ------ --------- -------- -------- -------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <S>
$324,553 $103,330 $221,223 0.95
632,591 189,447 443,144 1.87
506,646 163,322 343,324 1.46
509,013 220,370 288,643 1.25
714,594 367,110 347,484 1.29
133,832 37,410 96,422 1.37
605,949 300,684 305,265 1.51
542,397 149,331 393,066 2.01
370,125 85,746 284,379 1.41
561,479 271,773 289,706 1.38
565,109 230,401 334,708 1.88
316,053 87,307 228,746 1.27
445,431 220,997 224,434 1.28
491,675 227,193 264,482 1.53
606,953 279,658 327,295 2.02
355,729 98,366 257,363 1.62
348,998 115,530 233,468 1.55
358,903 185,166 173,737 1.16
548,420 267,996 280,424 2.02
395,001 165,319 229,682 1.50
330,327 219,591 110,736 0.74 Sabater Grocery Store 830 3% 5/31/07 Schwade Restaurant 830 3% 4/30/02
309,744 103,734 206,010 1.47
181,866 46,118 135,748 1.04
214,150 49,374 164,776 1.26
301,395 166,831 134,564 1.15
334,944 105,133 229,811 1.79
318,826 206,741 112,085 0.98
274,183 67,410 206,773 1.85
273,642 144,131 129,511 1.22
224,459 48,399 176,060 1.53
290,661 87,011 203,650 2.02
164,205 67,968 96,237 1.04
227,722 116,322 111,400 1.22
177,631 62,122 115,509 1.44
213,386 95,394 117,992 1.39
190,926 47,770 143,156 1.71
226,234 101,548 124,686 1.66
221,944 108,799 113,145 1.52
347,495 189,704 157,791 2.20
243,287 145,288 97,999 1.36
87,877 29,465 58,412 0.95
</TABLE>
<PAGE> 17
<TABLE>
<CAPTION>
SE- LOAN
QUENCE NUMBER PROPERTY NAME PROPERTY ADDRESS COUNTY CITY
- ------ ------ ------------- ---------------- ------ ----
<S> <C> <C> <C> <C> <C>
N090 51336 1835-1839 Green St. Apartments 1835-1839 Green Street San Francisco San Francisco
N091 51341 Franklin Ave. Apartments 600 Franklin Ave. Hennepin Minneapolis
N092 50960 Kentwood Apartments 3000 North Kentwood Ave. Greene Springfield
N093 51343 Johnson Apartments 2244 Johnson St. NE Hennepin Minneapolis
N094 51009 Bull Creek Apartments 5001 Bull Creek Road Travis Austin
N095 51323 Bryant Avenue Apartments 2517 Bryant Ave. South Hennepin Minneapolis
N096 51347 Tamarisk Apartments 3221 North 36th Street Maricopa Phoenix
N097 51301 682 Grand Ave. Apartments 682 Grand Ave. Ramsey St. Paul
N098 51339 1967 Grand Ave. Apartments 1967 Grand Ave. Ramsey St. Paul
N099 51342 1962 Grand Ave. Apartments 1962 Grand Ave. Ramsey St. Paul
N100 51023 L1 - Goldfarb Apartments 107 E. Healy Street Champaign Champaign
N101 51318 Hennepin Ave. Apartments 2609 Hennepin Ave. Hennepin Minneapolis
N102 51419 1435-1445 E. Ft. Lowell Road 1435-1445 E. Ft. Lowell Rd. Pima Tucson
N103 51300 669 Grand Avenue Apartments 669 Grand Ave. Ramsey St. Paul
N104 50695 The Summit Shopping Center (iii) NEC of US Hwy. 280 & I-459 Jefferson Birmingham
N105 51286 San Gabriel Square 140 West Valley Blvd Los Angeles San Gabriel
N106 50883 University Center North 1405 SW 107th Ave. Miami-Dade Miami
Shopping Center
N107 50148 Salisbury Mall Jake Alexander Blvd Rowan Salisbury
& U.S. Highway 70
N108 51008 Washington Square Shopping Center S. McDowell Blvd. & E. Washington Sonoma Petaluma
N109 51010 Daniels Crossing Shopping Center 6900 Daniels Parkway Lee Fort Myers
N110 51366 Home Base Building 1900 19th Ave. SE Snohomish Everett
N111 51107 Hatcher Point Mall 2215 Memorial Dr. Ware Waycross
N112 51118 Heartland Shopping Center 2272-2375 Richmond Ave. Richmond Staten Island
N113 50990 Ashley Landing Shopping Center 1401 Sam Rittenberg Rd. Charleston Charleston
N114 51219 Towne House Plaza 9791 Adams Ave. &
19881 Brookhurst St. Orange Huntington Beach
N115 51401 Katie Reed Plaza 210 South Monarch Street Pitkin Aspen
N116 51081 Castleton Place Shopping Center 82nd St. @ Castleton Square Mall Marion Indianapolis
N117 51039 Genito Forest Shopping Center 11,000 Hull St. (US Route 360) Chesterfield Richmond
N118 50941 Village at Countryside 26210 US Highway 19 N Pinellas Clearwater
N119 51139 Landmark Plaza 14306-14308 N. Dale Mabry Hwy Hillsborough Tampa
N120 51132 Cabaret Center 25700 - 25720 US Highway 19 North Pinellas Clearwater
SUB-TOTAL CROSSED LOANS
N121 50391 Lakewest Town Center 2211-2329 Singleton Blvd. Dallas Dallas
N122 51025 New Market Crossing Shopping Center 695 Independence Blvd. Surry Mount Airy
N123 51106 Pinellas Place Shopping Center 6501 102nd Ave Pinellas Pinellas Park
N124 51074 Washington Corners Shopping Center 9910-9994 E. Washington St. Marion Indianapolis
N125 51291 Dinkydome & Starbucks 1501 University Ave. SE & 1500
Fourth Street SE Hennepin Minneapolis
N126 51087 San Luis Rey Center 73705-73745 El Paseo Riverside Palm Desert
N127 51018 Clearwater Plaza Shopping Center 1219-1293 Missouri Ave. Pinellas Clearwater
N128 51045 Washington Shoppes Shopping Center 10009-10089 E. Washington St. Marion Indianapolis
N129 51079 Castleton Village Shopping Center SEQ 82nd St. & Craig St. Marion Indianapolis
N130 50207 Church Crossing Shopping Center North Church Street and Lees
Chapel Road Guilford Greensboro
N131 51197 PetsMart Retail Building 820 Paseo Del Rey San Diego Chula Vista
N132 51001 Rainbow Shopping Center 7920-8000 SW 8th St. Miami-Dade Miami
N133 51119 Eckerds 1220 Horizon Rd. Rockwall Rockwall
N134 51147 Polo Plaza Shopping Center 9810 Two Notch Rd. Richland Columbia
N135 50499 Sears Plaza 290 Elliot Street Middlesex Ashland
N136 51253 La Verne Town Center North 2445-2497 Foothill Blvd Los Angeles La Verne
N137 51134 Goldmine Village Shopping Center 300 and 400 Wal-Mart Way Lumpkin Dahlonega
N138 50975 Brentwood Plaza 1 Brent Lane Escambia Pensacola
N139 51220 Willow Pass Center 1657 Willow Pass Rd Contra Costa Concord
N140 51090 Brickyard Shopping Center 9940 Two Notch Road Richland Columbia
N141 51263 Central Plaza 11629 - 11655 Valley Blvd Los Angeles El Monte
N142 51349 Roosevelt Place Shopping Center 2237-2269 Colorado Boulevard Los Angeles Pasadena
N143 51116 Lancaster Triangle 42158-43271 15th St. West & 1525
West Ave. K Los Angeles Lancaster
N144 51151 2626 Naylor Road Shopping Center 2626 Naylor Rd. SE Columbia Washington
N145 51217 Rancho Plaza 8710 19th St. & 6612-6660
Carnelian Street San Bernardino Rancho Cucamonga
N146 51115 Mid-Valley Automotive 18401-18425 Vanowen St. Los Angeles Reseda
N147 51061 Office Depot Center 6700 Folsom Blvd. Sacramento Sacramento
</TABLE>
<PAGE> 18
ANNEX A
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
<TABLE>
<CAPTION>
ADMINI- SUB-
CUT-OFF MATURITY STRATIVE SERVICING NET FIRST INTEREST
ZIP PROPERTY ORIGINAL DATE DATE LOAN MORTGAGE FEE FEE MORTGAGE NOTE PAYMENT ACCRUAL
STATE CODE TYPE BALANCE BALANCE BALANCE TYPE RATE RATE(I) RATE RATE DATE DATE METHOD
- ----- ---- -------- --------- ---------- --------- ------ -------- ------- -------- -------- ---- ------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CA 94123 Multifamily $ 750,000 $ 748,537 $ 659,371 Balloon 7.250% 0.143% 0.100% 7.107% 10/07/98 12/01/98 Actual/360
MN 55405 Multifamily 738,000 735,655 596,509 Balloon 7.250% 0.143% 0.100% 7.107% 10/09/98 12/01/98 Actual/360
MO 65803 Multifamily 660,000 658,265 578,586 Balloon 7.125% 0.393% 0.350% 6.732% 09/25/98 11/01/98 Actual/360
MN 55418 Multifamily 637,500 636,273 561,179 Balloon 7.300% 0.143% 0.100% 7.157% 10/08/98 12/01/98 Actual/360
TX 78731 Multifamily 610,000 607,883 534,241 Balloon 7.100% 0.293% 0.250% 6.807% 08/31/98 10/01/98 Actual/360
MN 55405 Multifamily 553,000 551,243 446,977 Balloon 7.250% 0.143% 0.100% 7.107% 10/01/98 12/01/98 Actual/360
AZ 85018 Multifamily 544,000 542,712 481,460 Balloon 7.500% 0.143% 0.100% 7.357% 09/24/98 11/01/98 Actual/360
MN 55105 Multifamily 525,000 522,805 424,504 Balloon 7.250% 0.143% 0.100% 7.107% 09/09/98 11/01/98 Actual/360
MN 55105 Multifamily 508,000 506,386 410,604 Balloon 7.250% 0.143% 0.100% 7.107% 10/09/98 12/01/98 Actual/360
MN 55105 Multifamily 488,000 486,449 394,438 Balloon 7.250% 0.143% 0.100% 7.107% 10/09/98 12/01/98 Actual/360
IL 61820 Multifamily 443,000 441,651 382,642 Balloon 6.570% 0.143% 0.100% 6.427% 09/09/98 11/01/98 Actual/360
MN 55408 Multifamily 425,000 423,223 343,647 Balloon 7.250% 0.143% 0.100% 7.107% 09/23/98 11/01/98 Actual/360
AZ 85719 Multifamily 416,000 415,838 375,739 Balloon 8.375% 0.143% 0.100% 8.232% 12/07/98 02/01/99 Actual/360
MN 55105 Multifamily 318,000 316,670 257,128 Balloon 7.250% 0.143% 0.100% 7.107% 09/08/98 11/01/98 Actual/360
AL 35243 Retail 54,000,000 52,538,304 47,337,795 Hyper 8.273% 0.820% 0.777% 7.453% 12/23/97 02/01/98 Actual/360
Amortization
CA 91776 Retail 33,000,000 32,909,986 28,827,542 Balloon 6.990% 0.143% 0.100% 6.847% 09/15/98 11/01/98 Actual/360
FL 33174 Retail 16,000,000 15,941,598 13,820,126 Balloon 6.900% 0.143% 0.100% 6.757% 08/10/98 10/01/98 Actual/360
NC 28144 Retail 12,650,000 12,513,372 11,262,941 Balloon 7.770% 0.143% 0.100% 7.627% 08/26/97 10/01/97 Actual/360
CA 94954 Retail 10,000,000 9,970,394 8,663,541 Balloon 6.680% 0.143% 0.100% 6.537% 09/02/98 11/01/98 Actual/360
FL 33912 Retail 9,000,000 8,961,029 7,839,007 Balloon 6.885% 0.143% 0.100% 6.742% 07/24/98 09/01/98 Actual/360
WA 98208 Retail 8,000,000 7,984,393 7,033,285 Balloon 7.250% 0.143% 0.100% 7.107% 10/15/98 12/01/98 Actual/360
GA 31501 Retail 7,000,000 6,991,873 6,156,094 Balloon 7.250% 0.143% 0.100% 7.107% 11/23/98 01/01/99 Actual/360
NY 10314 Retail 7,000,000 6,985,413 6,114,483 Balloon 7.000% 0.143% 0.100% 6.857% 10/28/98 12/01/98 Actual/360
SC 29407 Retail 6,000,000 5,987,004 5,220,266 Balloon 6.850% 0.143% 0.100% 6.707% 10/19/98 12/01/98 Actual/360
CA 92646 Retail 5,500,000 5,476,312 4,793,174 Balloon 6.906% 0.143% 0.100% 6.763% 07/30/98 09/01/98 Actual/360
CO 81611 Retail 5,000,000 4,994,304 4,403,939 Balloon 7.310% 0.143% 0.100% 7.167% 11/06/98 01/01/99 Actual/360
IN 46250 Retail 4,710,000 4,696,909 4,106,883 Balloon 6.920% 0.143% 0.100% 6.777% 09/30/98 11/01/98 Actual/360
VA 23112 Retail 4,500,000 4,485,702 3,637,244 Balloon 7.250% 0.143% 0.100% 7.107% 10/13/98 12/01/98 Actual/360
FL 33761 Retail 4,200,000 4,182,752 3,677,963 Balloon 7.090% 0.143% 0.100% 6.947% 07/20/98 09/01/98 Actual/360
FL 33618 Retail 2,200,000 2,195,410 1,765,266 Balloon 7.000% 0.143% 0.100% 6.857% 11/06/98 01/01/99 Actual/360
FL 33763 Retail 1,800,000 1,796,245 1,444,308 Balloon 7.000% 0.143% 0.100% 6.857% 11/06/98 01/01/99 Actual/360
--------- ---------
3,991,655 3,209,574
TX 75212 Retail 4,000,000 3,943,320 3,254,334 Balloon 7.480% 0.143% 0.100% 7.337% 12/15/97 02/01/98 Actual/360
NC 27030 Retail 3,900,000 3,883,306 3,400,956 Balloon 6.930% 0.143% 0.100% 6.787% 07/30/98 09/01/98 Actual/360
FL 33782 Retail 3,700,000 3,695,533 3,243,483 Balloon 7.125% 0.143% 0.100% 6.982% 11/25/98 01/01/99 Actual/360
IN 46229 Retail 3,700,000 3,692,026 3,220,876 Balloon 6.870% 0.143% 0.100% 6.727% 10/07/98 12/01/98 Actual/360
MN 55414 Retail 3,510,000 3,499,081 3,024,836 Balloon 6.487% 0.143% 0.100% 6.344% 09/14/98 11/01/98 Actual/360
CA 92260 Retail 3,425,000 3,415,833 2,997,440 Balloon 7.060% 0.143% 0.100% 6.917% 09/01/98 11/01/98 Actual/360
FL 33756 Retail 3,400,000 3,388,378 2,982,355 Balloon 7.160% 0.143% 0.100% 7.017% 08/04/98 10/01/98 Actual/360
IN 46229 Retail 3,360,000 3,352,666 2,921,012 Balloon 6.820% 0.143% 0.100% 6.677% 10/07/98 12/01/98 Actual/360
IN 46250 Retail 3,250,000 3,240,967 2,833,836 Balloon 6.920% 0.143% 0.100% 6.777% 09/30/98 11/01/98 Actual/360
NC 27455 Retail 3,208,200 3,175,839 2,573,804 Balloon 8.040% 0.143% 0.100% 7.897% 08/28/97 10/01/97 Actual/360
CA 91910 Retail 3,100,000 3,091,166 2,696,289 Balloon 6.826% 0.143% 0.100% 6.683% 09/09/98 11/01/98 Actual/360
FL 33144 Retail 3,040,000 3,032,191 2,670,854 Balloon 7.210% 0.143% 0.100% 7.067% 09/18/98 11/01/98 Actual/360
TX 75032 Retail 2,984,000 2,974,046 2,393,569 Balloon 7.000% 0.143% 0.100% 6.857% 10/30/98 12/01/98 Actual/360
SC 29223 Retail 2,900,000 2,893,957 2,533,142 Balloon 7.000% 0.143% 0.100% 6.857% 10/30/98 12/01/98 Actual/360
MA 01721 Retail 2,700,000 2,681,072 2,388,032 Balloon 7.455% 0.143% 0.100% 7.312% 02/17/98 04/01/98 Actual/360
CA 91750 Retail 2,625,000 2,615,749 2,295,402 Balloon 7.040% 0.143% 0.100% 6.897% 08/06/98 10/01/98 Actual/360
GA 30533 Retail 2,520,000 2,516,839 2,201,886 Balloon 7.000% 0.143% 0.100% 6.857% 11/04/98 01/01/99 Actual/360
FL 32503 Retail 2,500,000 2,494,858 2,186,597 Balloon 7.050% 0.143% 0.100% 6.907% 10/01/98 12/01/98 Actual/360
CA 94520 Retail 2,450,000 2,440,096 2,148,816 Balloon 7.150% 0.143% 0.100% 7.007% 07/23/98 09/01/98 Actual/360
SC 29223 Retail 2,419,000 2,411,028 1,944,094 Balloon 7.063% 0.143% 0.100% 6.920% 10/02/98 12/01/98 Actual/360
CA 91732 Retail 2,400,000 2,390,779 2,079,328 Balloon 6.692% 0.143% 0.100% 6.549% 08/12/98 10/01/98 Actual/360
CA 91107 Retail 2,300,000 2,295,807 2,034,833 Balloon 7.500% 0.143% 0.100% 7.357% 10/08/98 12/01/98 Actual/360
CA 93534 Retail 2,230,000 2,225,532 1,955,507 Balloon 7.150% 0.143% 0.100% 7.007% 10/30/98 12/01/98 Actual/360
DC 20020 Retail 2,200,000 2,195,888 1,435,982 Balloon 7.500% 0.143% 0.100% 7.357% 11/18/98 01/01/99 Actual/360
CA 91701 Retail 2,200,000 2,186,570 1,791,963 Balloon 7.500% 0.143% 0.100% 7.357% 07/20/98 09/01/98 Actual/360
CA 91335 Retail 2,150,000 2,145,862 1,892,602 Balloon 7.300% 0.143% 0.100% 7.157% 10/30/98 12/01/98 Actual/360
CA 95819 Retail 2,137,500 2,130,260 1,710,327 Balloon 6.920% 0.143% 0.100% 6.777% 10/15/98 12/01/98 Actual/360
</TABLE>
<PAGE> 19
<TABLE>
<CAPTION>
ORIGINAL ORIGINAL REMAINING
TERM TO AMORTIZATION TERM TO CROSS- LOCKOUT
MONTHLY MATURITY TERM SEASONING MATURITY MATURITY COLLATERALIZED RELATED EXPIRATION PREPAYMENT PENALTY DESCRIPTION
PAYMENT (MONTHS) (MONTHS)(II) (MONTHS) (MONTHS) DATE LOANS LOANS DATE (MONTHS)
- ------ -------- ------------- --------- --------- --------- -------------- ------- ---------- -------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
$ 5,116 120 360 3 117 11/01/2008 No No 09/01/2008 LO(118)/OPEN(2)/DEFEASANCE
5,334 120 300 3 117 11/01/2008 No Yes(H) 09/01/2008 LO(118)/OPEN(2)/DEFEASANCE
4,447 120 360 4 116 10/01/2008 No No 06/01/2008 LO(116)/OPEN(4)/DEFEASANCE
4,371 120 360 3 117 11/01/2008 No No 09/01/2008 LO(118)/OPEN(2)/DEFEASANCE
4,099 120 360 5 115 09/01/2008 No No 08/31/2002 LO(47)/GRTR1%PPMTorYM(66)/
OPEN(7)/DEFEASANCE
3,997 120 300 3 117 11/01/2008 No Yes(H) 09/01/2008 LO(118)/OPEN(2)/DEFEASANCE
3,804 120 360 4 116 10/01/2008 No No 08/01/2008 LO(118)/OPEN(2)/DEFEASANCE
3,795 120 300 4 116 10/01/2008 No Yes(H) 08/01/2008 LO(118)/OPEN(2)/DEFEASANCE
3,672 120 300 3 117 11/01/2008 No Yes(H) 09/01/2008 LO(118)/OPEN(2)/DEFEASANCE
3,527 120 300 3 117 11/01/2008 No Yes(H) 09/01/2008 LO(118)/OPEN(2)/DEFEASANCE
2,820 120 360 4 116 10/01/2008 No Yes(C) 06/01/2008 LO(116)/OPEN(4)/DEFEASANCE
3,072 120 300 4 116 10/01/2008 No Yes(H) 08/01/2008 LO(118)/OPEN(2)/DEFEASANCE
3,162 120 360 1 119 01/01/2009 No No 11/01/2008 LO(118)/OPEN(2)/DEFEASANCE
2,299 120 300 4 116 10/01/2008 No Yes(H) 08/01/2008 LO(118)/OPEN(2)/DEFEASANCE
400,549 120 371 13 107 01/01/2008 No No 01/01/2003 LO(60)/3%(24)/0.5%(24)/OPEN(12)
219,328 120 360 4 116 10/01/2008 No No 08/01/2008 LO(118)/OPEN(2)/DEFEASANCE
105,376 125 360 5 120 02/01/2009 No Yes(I) 08/31/2002 LO(47)/GRTR1%PPMTorYM(71)/
OPEN(7)/DEFEASANCE
90,801 120 360 17 103 09/01/2007 No No 08/31/2001 LO(47)/GRTR1%PPMTorYM(66)/
OPEN(7)
64,395 120 360 4 116 10/01/2008 No No 05/31/2008 LO(115)/OPEN(5)/DEFEASANCE
59,184 120 360 6 114 08/01/2008 No No 03/31/2008 LO(115)/OPEN(5)/DEFEASANCE
54,574 120 360 3 117 11/01/2008 No No 09/01/2008 LO(118)/OPEN(2)/DEFEASANCE
47,752 120 360 2 118 12/01/2008 No No 08/01/2008 LO(116)/OPEN(4)/DEFEASANCE
46,571 120 360 3 117 11/01/2008 No No 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
39,316 120 360 3 117 11/01/2008 No No 07/01/2008 LO(116)/OPEN(4)/DEFEASANCE
36,245 120 360 6 114 08/01/2008 No No 06/01/2008 LO(118)/OPEN(2)/DEFEASANCE
34,313 120 360 2 118 12/01/2008 No No 06/02/2008 LO(114)/OPEN(6)/DEFEASANCE
31,083 120 360 4 116 10/01/2008 No Yes(J) 06/01/2008 LO(116)/OPEN(4)/DEFEASANCE
32,526 120 300 3 117 11/01/2008 No No 07/01/2008 LO(116)/OPEN(4)/DEFEASANCE
28,197 120 360 6 114 08/01/2008 No No 03/31/2008 LO(115)/OPEN(5)/DEFEASANCE
15,549 120 300 2 118 12/01/2008 Yes(2) Yes(K) 08/01/2008 LO(116)/OPEN(4)/DEFEASANCE
12,722 120 300 2 118 12/01/2008 Yes(2) Yes(K) 08/01/2008 LO(116)/OPEN(4)/DEFEASANCE
29,508 120 300 13 107 01/01/2008 No No 12/31/2001 LO(47)/GRTR1%PPMTorYM(66)/
OPEN(7)
25,764 120 360 6 114 08/01/2008 No No 07/31/2002 LO(47)/GRTR1%PPMTorYM(66)/
OPEN(7)/DEFEASANCE
24,928 120 360 2 118 12/01/2008 No No 09/01/2008 LO(117)/OPEN(3)/DEFEASANCE
24,294 120 360 3 117 11/01/2008 No Yes(J) 07/01/2008 LO(116)/OPEN(4)/DEFEASANCE
22,156 120 360 4 116 10/01/2008 No No 08/01/2008 LO(118)/OPEN(2)/DEFEASANCE
22,925 120 360 4 116 10/01/2008 No No 09/30/2002 LO(47)/GRTR1%PPMTorYM(66)/
OPEN(7)/DEFEASANCE
22,987 120 360 5 115 09/01/2008 No No 04/30/2008 LO(115)/OPEN(5)/DEFEASANCE
21,949 120 360 3 117 11/01/2008 No Yes(J) 07/01/2008 LO(116)/OPEN(4)/DEFEASANCE
21,448 120 360 4 116 10/01/2008 No Yes(J) 06/01/2008 LO(116)/OPEN(4)/DEFEASANCE
23,630 180 360 17 163 09/01/2012 No No 08/31/2005 LO(95)/GRTR1%PPMTorYM(78)/
OPEN(7)
20,263 120 360 4 116 10/01/2008 No No 08/01/2008 LO(118)/OPEN(2)/DEFEASANCE
20,656 120 360 4 116 10/01/2008 No Yes(I) 06/01/2008 LO(116)/OPEN(4)/DEFEASANCE
21,090 120 300 3 117 11/01/2008 No No 07/01/2008 LO(116)/OPEN(4)/DEFEASANCE
19,294 120 360 3 117 11/01/2008 No Yes(L) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
18,796 120 360 11 109 03/01/2008 No No 02/28/2002 LO(47)/GRTR1%PPMTorYM(66)/
OPEN(7)/DEFEASANCE
17,535 120 360 5 115 09/01/2008 No No 07/02/2008 LO(118)/OPEN(2)/DEFEASANCE
16,766 120 360 2 118 12/01/2008 No No 07/31/2008 LO(115)/OPEN(5)/DEFEASANCE
16,717 120 360 3 117 11/01/2008 No No 07/01/2008 LO(116)/OPEN(4)/DEFEASANCE
16,547 120 360 6 114 08/01/2008 No No 06/01/2008 LO(118)/OPEN(2)/DEFEASANCE
17,194 120 300 3 117 11/01/2008 No No 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
15,474 120 360 5 115 09/01/2008 No Yes(M) 07/02/1998 LO(118)/OPEN(2)/DEFEASANCE
16,082 120 360 3 117 11/01/2008 No Yes(M) 09/01/2008 LO(118)/OPEN(2)/DEFEASANCE
15,062 120 360 3 117 11/01/2008 No Yes(K) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
16,258 180 300 2 178 12/01/2013 No No 08/01/2013 LO(176)/OPEN(4)/DEFEASANCE
16,258 120 300 6 114 08/01/2008 No No 06/01/2008 LO(118)/OPEN(2)/DEFEASANCE
14,740 120 360 3 117 11/01/2008 No Yes(K) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
14,998 120 300 3 117 11/01/2008 No No 07/01/2008 LO(116)/OPEN(4)/DEFEASANCE
</TABLE>
<PAGE> 20
<TABLE>
<CAPTION>
CUT-OFF
DATE
LOAN APPRAISAL APPRAISAL LTV YEAR BUILT/
SEQUENCE NUMBER PROPERTY NAME VALUE DATE RATIO RENOVATED
- -------- ------ ------------- ----------- --------- ------- -----------
<S> <C> <C> <C> <C> <C> <C>
N090 51336 1835-1839 Green St. Apartments $ 1,300,000 09/11/98 58% 1920
N091 51341 Franklin Ave. Apartments 985,000 07/20/98 75% 1922
N092 50960 Kentwood Apartments 825,000 04/20/98 80% 1988
N093 51343 Johnson Apartments 870,000 08/26/98 73% 1976
N094 51009 Bull Creek Apartments 780,000 06/12/98 78% 1965/1993
N095 51323 Bryant Avenue Apartments 745,000 07/20/98 74% 1923
N096 51347 Tamarisk Apartments 690,000 09/8/98 79% 1962
N097 51301 682 Grand Ave. Apartments 700,000 07/9/98 75% 1920
N098 51339 1967 Grand Ave. Apartments 610,000 07/14/98 83% 1920/1985
N099 51342 1962 Grand Ave. Apartments 585,000 07/14/98 83% 1920
N100 51023 L1 - Goldfarb Apartments 610,000 05/12/98 72% 1972
N101 51318 Hennepin Ave. Apartments 590,000 07/9/98 72% 1909
N102 51419 1435-1445 E. Ft. Lowell Road 520,000 10/13/98 80% 1972/1997
N103 51300 669 Grand Avenue Apartments 440,000 07/9/98 72% 1925
N104 50695 The Summit Shopping Center (iii) 65,125,000 03/1/98 81% 1997
N105 51286 San Gabriel Square 44,000,000 04/5/98 75% 1991
N106 50883 University Center North Shopping Center 19,900,000 02/3/98 80% 1989
N107 50148 Salisbury Mall 16,900,000 06/12/97 74% 1986
N108 51008 Washington Square Shopping Center 19,280,000 06/29/98 52% 1972/1994
N109 51010 Daniels Crossing Shopping Center 11,300,000 05/8/98 79% 1991
N110 51366 Home Base Building 12,000,000 10/1/98 67% 1998
N111 51107 Hatcher Point Mall 10,000,000 08/17/98 70% 1973/1996
N112 51118 Heartland Shopping Center 11,110,000 08/3/98 63% 1975
N113 50990 Ashley Landing Shopping Center 10,000,000 09/25/98 60% 1965
N114 51219 Towne House Plaza 12,400,000 06/22/98 44% 1968
N115 51401 Katie Reed Plaza 7,250,000 08/6/98 69% 1993
N116 51081 Castleton Place Shopping Center 6,400,000 06/26/98 73% 1980
N117 51039 Genito Forest Shopping Center 5,800,000 05/28/98 77% 1989
N118 50941 Village at Countryside 5,800,000 05/13/98 72% 1978
N119 51139 Landmark Plaza 2,870,000 08/8/98 77% 1988
N120 51132 Cabaret Center 2,400,000 08/8/98 75% 1988
-----------
SUB-TOTAL CROSSED LOANS 5,270,000
N121 50391 Lakewest Town Center 6,000,000 09/30/97 66% 1959/1993
N122 51025 New Market Crossing Shopping Center 4,950,000 06/19/98 79% 1988
N123 51106 Pinellas Place Shopping Center 5,300,000 07/15/98 70% 1983
N124 51074 Washington Corners Shopping Center 5,700,000 06/26/98 65% 1979
N125 51291 Dinkydome & Starbucks 4,680,000 06/30/98 75% 1920/1976
N126 51087 San Luis Rey Center 4,900,000 07/16/98 70% 1981
N127 51018 Clearwater Plaza Shopping Center 4,550,000 06/1/98 75% 1959
N128 51045 Washington Shoppes Shopping Center 7,200,000 06/26/98 47% 1974
N129 51079 Castleton Village Shopping Center 4,600,000 06/26/98 71% 1987
N130 50207 Church Crossing Shopping Center 4,075,000 07/15/97 78% 1988
N131 51197 PetsMart Retail Building 5,170,000 07/23/98 60% 1996
N132 51001 Rainbow Shopping Center 3,800,000 01/26/98 80% 1983
N133 51119 Eckerds 3,760,000 08/22/98 79% 1998
N134 51147 Polo Plaza Shopping Center 3,900,000 04/1/99 74% 1986/1998
N135 50499 Sears Plaza 3,600,000 11/6/97 75% 1996
N136 51253 La Verne Town Center North 3,500,000 02/20/98 75% 1985
N137 51134 Goldmine Village Shopping Center 3,150,000 11/1/98 80% 1997
N138 50975 Brentwood Plaza 3,444,000 05/12/98 72% 1961/1995
N139 51220 Willow Pass Center 4,150,000 05/18/98 59% 1960/1988
N140 51090 Brickyard Shopping Center 3,180,000 07/27/98 76% 1989
N141 51263 Central Plaza 3,200,000 05/29/98 75% 1952/1988
N142 51349 Roosevelt Place Shopping Center 3,380,000 05/20/98 68% 1987
N143 51116 Lancaster Triangle 3,000,000 09/21/98 74% 1981
N144 51151 2626 Naylor Road Shopping Center 2,940,000 07/24/98 75% 1963/1998
N145 51217 Rancho Plaza 3,700,000 05/4/98 59% 1978/1992
N146 51115 Mid-Valley Automotive 3,000,000 09/1/98 72% 1955/1983
N147 51061 Office Depot Center 2,850,000 07/17/98 75% 1960/1995
<CAPTION>
LOAN
SF/ BALANCE
UNIT/ NET PER
ROOM/ RENTABLE SF/UNITS/
BED AREA (SF) ROOM/BED
------- --------- ----------
<S> <C> <C>
Units 4,114 $124,756
Units 19,700 25,367
Units 26,000 16,457
Units 15,940 28,921
Units 17,400 25,328
Units 14,500 29,013
Units 15,200 23,596
Units 22,000 20,912
Units 12,767 25,319
Units 12,767 24,322
Units 10,098 21,031
Units 10,377 21,161
Units 11,505 31,988
Units 8,652 26,389
SF 462,481 114
SF 218,708 150
SF 182,880 87
SF 291,175 43
SF 200,068 50
SF 112,003 80
SF 111,830 71
SF 257,904 27
SF 56,864 123
SF 291,243 21
SF 134,031 41
SF 21,633 231
SF 47,108 100
SF 53,245 84
SF 98,981 42
SF 35,510 62
SF 28,209 64
SF 146,087 27
SF 110,718 35
SF 113,214 33
SF 60,630 61
SF 32,689 107
SF 31,731 108
SF 127,981 26
SF 81,334 41
SF 33,386 97
SF 62,495 51
SF 40,000 77
SF 41,986 72
SF 10,908 273
SF 58,024 50
SF 35,869 75
SF 30,988 84
SF 27,350 92
SF 78,910 32
SF 37,000 66
SF 47,007 51
SF 29,875 80
SF 29,117 79
SF 22,137 101
SF 27,334 80
SF 30,531 72
SF 37,839 57
SF 48,700 44
</TABLE>
<PAGE> 21
ANNEX A
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
<TABLE>
<CAPTION>
OCCUPANCY U/W
OCCUPANCY AS OF U/W U/W U/W NOI U/W
PERCENT DATE REVENUES EXPENSE NOI DSCR RESERVES
--------- -------- ----------- ----------- ------------ ---- --------
<S> <C> <C> <C> <C> <C> <C>
100% 08/01/98 $ 106,544 $ 21,375 $ 85,169 1.39 $ 1,755
100% 05/31/98 191,702 93,042 98,660 1.54 7,250
100% 03/31/98 137,443 61,872 75,571 1.42 8,000
100% 09/01/98 138,558 67,541 71,017 1.35 5,500
96% 05/01/98 149,612 78,409 71,203 1.45 8,400
100% 08/01/98 138,949 74,102 64,847 1.35 4,750
100% 09/28/98 99,247 36,538 62,709 1.37 5,750
100% 07/01/98 142,735 72,779 69,956 1.54 6,250
100% 05/01/98 135,430 65,581 69,849 1.59 5,000
100% 10/01/98 134,155 66,943 67,212 1.59 5,000
95% 07/31/98 89,946 38,346 51,600 1.52 9,132
100% 07/01/98 127,116 66,332 60,784 1.65 5,000
100% 11/02/98 78,963 25,129 53,834 1.42 2,600
100% 07/01/98 94,274 49,164 45,110 1.64 3,000
97% 07/07/98 7,706,152 1,635,246 6,070,906 1.26 59,169
97% 08/01/98 5,661,673 1,653,514 4,008,159 1.52 23,609
98% 07/31/98 2,650,455 887,050 1,763,405 1.39 32,806
90% 06/01/98 2,143,277 654,606 1,488,671 1.37 54,595
92% 09/23/98 2,191,157 686,601 1,504,556 1.95 50,017
95% 07/14/98 1,359,178 403,051 956,127 1.35 22,401
100% 07/31/98 1,035,825 36,254 999,571 1.53 11,182
96% 07/31/98 1,442,383 565,793 876,590 1.53 51,581
100% 09/16/98 1,582,859 654,606 928,253 1.66 14,216
88% 10/05/98 1,080,311 350,169 730,142 1.55 72,811
99% 06/30/98 1,225,132 395,839 829,293 1.91 21,444
100% 09/18/98 856,321 258,798 597,523 1.45 1,388
100% 09/02/98 702,798 150,912 551,886 1.48 18,843
93% 09/22/98 649,163 86,889 562,274 1.44 7,927
97% 07/01/98 781,154 290,424 490,730 1.45 14,847
100% 10/26/98 400,384 126,807 273,577 1.47 7,102
100% 10/26/98 304,609 81,827 222,782 1.46 7,334
99% 07/31/98 882,742 277,365 605,377 1.71 29,522
97% 07/22/98 616,643 158,158 458,485 1.48 28,787
94% 10/23/98 721,072 272,042 449,030 1.50 24,341
100% 10/01/98 634,876 166,950 467,926 1.61 24,252
99% 06/30/98 780,302 300,347 479,955 1.81 14,198
92% 08/18/98 546,479 165,856 380,623 1.38 7,933
91% 07/16/98 703,837 263,002 440,835 1.60 31,995
100% 10/01/98 797,588 240,733 556,855 2.11 28,467
97% 09/29/98 520,938 122,118 398,820 1.55 13,354
91% 03/31/98 484,433 99,872 384,561 1.36 12,499
100% 07/07/98 503,040 32,996 470,044 1.93 4,000
100% 08/31/98 589,150 246,118 343,032 1.38 8,817
100% 10/28/98 378,066 67,639 310,427 1.23 1,091
95% 09/30/98 447,859 129,900 317,959 1.37 12,088
96% 10/21/98 437,321 111,539 325,782 1.44 3,587
94% 06/01/98 440,301 101,491 338,810 1.61 10,865
95% 10/28/98 336,925 68,178 268,747 1.34 2,735
98% 06/30/98 444,036 119,794 324,242 1.62 19,728
100% 06/22/98 535,193 150,532 384,661 1.94 6,287
94% 09/23/98 382,249 89,435 292,814 1.42 12,352
93% 03/25/98 440,761 114,988 325,773 1.75 4,054
90% 10/08/98 410,168 109,757 300,411 1.56 3,714
95% 10/23/98 363,791 97,517 266,274 1.47 4,649
100% 06/30/98 482,356 213,163 269,193 1.38 8,173
94% 06/08/98 409,347 85,225 324,122 1.66 6,246
95% 10/31/98 383,919 111,127 272,792 1.54 5,676
100% 09/30/98 347,022 68,369 278,653 1.55 15,584
<CAPTION>
2ND
MOST MOST MOST
U/W RECENT MOST MOST MOST RECENT RECENT
RESERVES END RECENT RECENT RECENT NOI END
PER UNIT DATE REVENUES EXPENSES NOI DSCR DATE
-------- -------- -------- ----------- ---------- ------ -------
<S> <C> <C> <C> <C> <C> <C>
292.50 12/31/97 121,788 $ 12,783 $ 109,005 1.78 12/31/96
250.00 12/31/97 187,670 104,082 83,588 1.31 12/31/96
200.00 12/31/97 138,294 47,659 90,635 1.70 12/31/96
250.00 12/31/97 130,320 62,009 68,311 1.30 12/31/96
350.00 12/31/97 155,741 72,726 83,015 1.69 12/31/96
250.00 12/31/97 138,363 78,372 59,991 1.25 12/31/96
250.00 12/31/97 93,593 34,183 59,410 1.30
250.00 12/31/97 142,846 77,705 65,141 1.43 12/31/96
250.00 12/31/97 136,799 72,780 64,019 1.45 12/31/96
250.00 12/31/97 135,556 72,850 62,706 1.48 12/31/96
434.86 12/31/97 86,756 34,917 51,839 1.53 12/31/96
250.00 12/31/97 123,284 63,288 59,996 1.63 12/31/96
200.00 12/31/97 79,564 14,469 65,095 1.72 12/31/96
250.00 12/31/97 94,033 50,165 43,868 1.59 12/31/96
0.13
0.11 12/31/97 5,265,458 1,589,211 3,676,247 1.40 12/31/96
0.18 12/31/97 2,681,961 837,051 1,844,910 1.46 12/31/96
0.19 12/31/97 1,779,205 638,648 1,140,557 1.05 12/31/96
0.25 12/31/97 2,197,676 569,365 1,628,311 2.11 12/31/96
0.20 12/31/97 1,295,034 376,610 918,424 1.29 12/31/96
0.10
0.20 12/31/97 1,426,300 475,825 950,475 1.66 12/31/96
0.25 12/31/97 1,793,038 601,289 1,191,749 2.13 12/31/96
0.25 12/31/97 1,085,253 347,148 738,105 1.56 12/31/96
0.16 12/31/97 1,025,519 303,772 721,747 1.66 12/31/96
0.06 12/31/97 847,400 262,018 585,382 1.42 12/31/96
0.40 12/31/97 795,426 134,822 660,604 1.77 12/31/96
0.15 12/31/97 698,558 64,693 633,865 1.62 12/31/96
0.15 12/31/97 851,290 270,064 581,226 1.72 12/31/96
0.20 12/31/97 420,423 118,118 302,305 1.62 12/31/96
0.26 12/31/97 351,563 77,072 274,491 1.80 12/31/96
0.20 12/31/97 793,498 262,086 531,412 1.50 12/31/96
0.26 12/31/97 623,429 130,755 492,674 1.59 12/31/96
0.21 12/31/97 789,275 255,780 533,495 1.78 12/31/96
0.40 12/31/97 671,868 159,336 512,532 1.76 12/31/96
0.43 12/31/97 758,298 262,477 495,821 1.86 12/31/96
0.25 12/31/97 599,244 164,874 434,370 1.58 12/31/96
0.25 12/31/97 647,621 249,508 398,113 1.44 12/31/96
0.35 12/31/97 803,389 230,124 573,265 2.18 12/31/96
0.40 12/31/97 576,946 104,367 472,579 1.84 12/31/96
0.20 12/31/97 468,406 103,002 365,404 1.29 12/31/96
0.10
0.21 12/31/97 608,719 233,115 375,604 1.52 12/31/96
0.10
0.21 12/31/97 452,887 116,225 336,662 1.45 12/31/96
0.10 12/31/97 221,801 57,232 164,569 0.73
0.35 12/31/97 432,336 92,850 339,486 1.61 12/31/96
0.10
0.25 12/31/97 458,856 135,189 323,667 1.61 12/31/96
0.17 12/31/97 525,949 112,617 413,332 2.08 12/31/96
0.26 12/31/97 367,900 78,594 289,306 1.40 12/31/96
0.14 12/31/97 443,793 60,279 383,514 2.07 12/31/96
0.13 12/31/98 435,995 99,820 336,175 1.74
0.21 12/31/97 395,618 89,207 306,411 1.70 12/31/96
0.30
0.20 12/31/97 450,464 77,525 372,939 1.91 12/31/96
0.15 12/31/97 424,714 114,368 310,346 1.75 12/31/96
0.32 12/31/97 357,100 55,094 302,006 1.68 12/31/96
</TABLE>
<PAGE> 22
<TABLE>
<CAPTION>
2ND
2ND 2ND 2ND MOST LARGEST
MOST MOST MOST RECENT TENANT
RECENT RECENT RECNENT NOI LEASED
REVEBUES EXPENSES NOI DSCR LARGEST TENANT SF
- -------- ------------ ----------- ------- --------------- --------
<S> <C> <C> <C> <C> <C>
$ 105,168 $ 12,040 $ 93,128 1.52
177,822 94,629 83,193 1.30
140,791 45,404 95,387 1.79
124,180 54,786 69,394 1.32
146,288 74,112 72,176 1.47
134,358 72,611 61,747 1.29
135,460 69,569 65,891 1.45
128,772 70,102 58,670 1.33
127,097 71,357 55,740 1.32
91,127 31,931 59,196 1.75
115,362 61,555 53,807 1.46
70,350 14,460 55,890 1.47
88,742 48,887 39,855 1.44
Parisian 114,534
5,009,562 1,476,776 3,532,786 1.34 Focus Department Store 52,500
2,616,464 815,353 1,801,111 1.42 Publix 42,112
1,731,279 603,925 1,127,354 1.03 Belk-Harry, Inc. 80,125
2,197,839 480,934 1,716,905 2.22 Safeway 53,993
1,412,447 378,636 1,033,811 1.46 Publix 48,890
HomeBase 111,830
1,124,535 499,367 625,168 1.09 JC Penney 80,929
1,618,546 590,937 1,027,609 1.84 Ethan Allen 7,813
1,256,436 361,004 895,432 1.90 Carolina Pottery 87,000
1,047,031 119,141 927,890 2.13 Mervyn's 71,995
792,499 266,485 526,014 1.28 Sun Microsystems, Inc. 5,502
742,750 145,584 597,166 1.60 Bedroom One 12,780
703,366 78,232 625,134 1.60 Regal Cinema 37,245
779,257 288,016 491,241 1.45 Service Merch/Uptons 60,000
396,140 113,628 282,512 1.51 Chuck E.Cheese 16,266
321,778 73,932 247,846 1.62 Men's Warehouse 6,000
812,958 272,951 540,007 1.53 Minyard Food Store 36,682
459,468 109,106 350,362 1.13 Roses 54,000
649,281 237,739 411,542 1.38 Winn Dixie 41,125
690,352 172,075 518,277 1.78 Bedroom One 8,900
863,285 264,288 598,997 2.25 Student Book Store 7,800
588,316 150,580 437,736 1.59 Palm Desert Nat'l Bank 11,140
655,254 240,443 414,811 1.50 Bealls 28,800
717,658 211,455 506,203 1.92 Factory Card Outlet 14,000
563,369 109,731 453,638 1.76 S&K Famous Brands 5,217
478,245 99,185 379,060 1.34 Food Lion 29,000
PetsMart, Inc. 40,000
540,099 225,471 314,628 1.27 Denny's 5,800
Eckerd Drug 10,908
456,702 110,973 345,729 1.49 Food Lion 35,384
Sears Hardware 24,069
318,343 85,443 232,900 1.11 Hollywood Video 7,650
Famous Footwear 4,500
602,166 142,139 460,027 2.29 Big Lots 29,280
368,589 108,090 260,499 1.31 Sherman D's 9,000
351,926 85,032 266,894 1.29 Gold's Gym (Piggly Wiggly) 29,800
452,511 104,993 347,518 1.87 Central Electric 15,600
Cosmo Prof. 3,360
352,348 93,891 258,457 1.43 Coco's Restaurant 5,469
District of Columbia 13,480
435,169 77,897 357,272 1.83 Host Marriott Corporation 5,500
396,885 120,978 275,907 1.56 Center Valley Auto 12,112
355,084 56,617 298,467 1.66 Office Depot 21,600
<CAPTION>
SECOND
LARGEST SECOND LARGEST SECOND
TENANT LARGEST TENANT LARGEST
% of TENANT % OF TENANT
TOTAL LEASE SECOND LARGEST LEASED TOTAL LEASE
SF EXPIRATION TENANT SF SF EXPIRATION
------ ----------- ----------------- -------- ------ ----------
<S> <C> <C> <C> <C> <C>
25% 10/31/17 Carmike Cinema 60,191 13% 10/31/17
24% 11/30/06 99 Ranch Market 45,000 21% 8/31/01
23% 1/31/09 Computer School 12,245 7% 10/31/02
28% 7/30/06 J. C. Penney Company 33,796 12% 7/31/06
27% 2/20/13 Mervyn's 48,000 24% 7/31/03
44% 10/31/10 Ben Franklin Crafts 20,000 18% 3/31/01
100% 10/10/18
31% 8/31/11 Belk-Hudson 61,230 24% 8/05/11
14% 1/06/07 Palmer Video 5,600 10% 9/14/00
30% 12/31/07 Burlington Coat Factory 60,575 21% 12/01/09
54% 7/01/01 Jo-Ann Fabrics 19,000 14% 11/30/06
25% 5/31/01 The Steak Pit, Inc. 4,174 19% 5/31/03
27% 3/31/02 Men's Wearhouse 6,300 13% 4/30/00
70% 2/28/09 Greek Islands Restaurant 3,200 6% 3/31/00
61% 2/28/05 Dockside Imports 8,075 8% 2/28/00
46% 7/31/01 Carpet Max 5,750 16% 3/31/01
21% 5/31/99 Family Christian Stores 3,995 14% 9/30/04
25% 10/31/15 Weiner Stores, Inc. 19,720 13% 1/31/09
49% 4/16/09 Ingles 32,000 29% 6/24/09
36% 11/09/03 Eckerd Drug 10,356 9% 5/31/03
15% 6/30/01 Video Update 7,200 12% 4/30/99
24% 3/31/00 Perkins 2,892 9% 9/30/04
35% 11/30/10 Mamma Gina 4,904 15% 3/31/05
23% 4/30/02 McFrugals 21,580 17% 7/31/15
17% 10/31/04 Bedroom One 10,000 12% 3/31/01
16% 1/31/02 GTE Mobilnet 4,832 14% 12/31/99
46% 10/04/07 CVS Pharmacy Inc. 8,470 14% 10/31/02
100% 7/01/16
14% 4/30/14 Universal Spanish 5,151 12% 10/31/99
100% 5/01/18
61% 5/31/06 Eckerd Drug 8,640 15% 6/15/06
67% 12/09/06 Blockbuster Video 5,000 14% 3/31/04
25% 8/14/06 Clothestime 5,502 18% 8/31/99
16% 6/30/02 Dollar Tree 4,000 15% 7/31/01
37% 1/31/03 Goodwill Industries 19,380 25% 12/01/00
24% 6/12/01 The Tool Guys 6,800 18% 6/01/00
63% 3/14/09 Palmetto Reserve 6,000 13% NAV
52% 12/31/00 Launderland 2,600 9% 12/31/00
12% 5/31/02 Bearly Stichen 3,103 11% 9/30/99
25% 8/21/05 Sung & Myong 4,668 21% 11/30/99
49% 9/30/08 Pep Boys 10,354 38% 7/31/07
18% 3/31/04 Rip Tide 4,200 14% 2/28/00
32% 7/31/99 Reiter 4,692 12% 1/31/06
44% 10/31/02 A&A Carpet 12,000 25% 4/30/07
</TABLE>
<PAGE> 23
<TABLE>
<CAPTION>
SE- LOAN
QUENCE NUMBER PROPERTY NAME PROPERTY ADDRESS COUNTY CITY
------ ------ ------------- ---------------- ------ ----
<S> <C> <C> <C> <C> <C>
N148 51058 Del Plaza Shopping Center Independence St. at
Harrison St. Pottawatomie Shawnee
N149 50942 Staples - Hobbs NM 1731 Turner St. Lea Hobbs
N150 51228 701 Montana 701-715 Montana Ave. Los Angeles Santa Monica
N151 51328 Evergreen Center 5575 - 5669 Mack Rd. Sacramento Sacramento
N152 51117 For Eyes, Gwinnett 2130 Pleasant Hill Rd. Gwinnett Duluth
N153 51196 L.A. Woman Building 11650 Santa Monica Blvd Los Angeles Los Angeles
N154 51146 River Crossing Shopping Center US 1/601 South Kershaw Lugoff
N155 51239 Academy Crossing Shopping Center 280-296 S Academy Blvd El Paso Colorado Springs
N156 51267 1210 West Morena Blvd 1210 West Morena Blvd San Diego San Diego
N157 51288 Park Village Shopping Center 7019 South Redwood Rd Salt Lake West Jordan
N158 51395 Yuma Mesa Shopping Center 1601 S. 4th Ave Yuma Yuma
N159 51264 Anaheim Town Center 100 West Lincoln Ave. Orange Anaheim
N160 51262 The Ellinwood Center 1300 Contra Costa Blvd Contra Costa Pleasant Hill
N161 51068 North Towne Square Shopping Center 2529-2537 N. Broad Street Kershaw Camden
N162 51125 Mountain Park Square, Ph II 4232 East Chandler Blvd. Maricopa Phoenix
N163 51201 Central Avenue Plaza 4349-69 Central Avenue Los Angeles Los Angeles
N164 51308 Calabasas Retail Center 23528-23536 Calabasas Rd Los Angeles Calabasas
N165 51266 920 Morena Industrial 920 Morena Blvd San Diego San Diego
N166 51199 Wendys 1305-07 N. Vermont Ave. Los Angeles Los Angeles
N167 51284 Mission Center 2335 Misson St. Santa Cruz Santa Cruz
N168 51233 Pier I Imports Building 733 Grand Avenue Ramsey St. Paul
N169 51382 Arcadia Center 556-558 Las Tunas Drive Los Angeles Arcadia
N170 51242 Brookhurst Center 519-521 S. Brookhurst St. Orange Anaheim
N171 51210 Trader Joes 1820 S Grant St. San Mateo San Mateo
N172 51397 Country Corner Retail Center 2240 Encinitas Blvd. San Diego Encinitas
N173 51298 Sandra Plaza 2728-2730 West 3500 South Salt Lake West Valley City
N174 51283 Kragen Auto Parts-Chico CA 1618 Mangrove Ave. Butte Chico
N175 51378 Green Gables Shoppette 7800 West Jewell Ave. Jefferson Lakewood
N176 51317 Strip Retail Center 16304 E 14th St. Alameda San Leandro
N177 51207 Magnolia Center 10689 Magnolia Ave. Riverside Riverside
N178 51282 Schucks Automotive 3610 Overland Rd. Ada Boise
N179 51161 UMC Taco Bell 2116 West Craig Road Clark North Las Vegas
N180 51413 Chestnut Place Retail Center 13991-13997 Anderson Lakes
Parkway Hennepin Eden Prairie
N181 51072 Payless Shoes Store (Beltline Blvd.) 4240 W. Beltline Blvd. & 2941
Two Notch Rd. Richland Columbia
N182 51073 Payless Shoe Store (Dutch Square) 1725 Broad River Rd. Richland Columbia
N183 51435 Kragen Auto Parts-Marysville CA 905 B Street Yuba Marysville
N184 51304 Plaza Temecula 27326 Jefferson Ave. Riverside Temecula
N185 51324 851 Mistletoe Lane 851 Mistletoe Lane Shasta Redding
N186 51188 Yacoub Property:True Value Hardware 724 Irving Street San Francisco San Francisco
N187 51415 Banana Belt Strip Center 300 West Highway 24 Teller Woodland Park
N188 51353 San Marcos Retail Plaza 3708-3732 Eubank Blvd NE Bernalillo Albuquerque
N189 51383 Baybridge Business Park 320-640 North 2200 West Street Salt Lake Salt Lake City
N190 51029 Renfro Warehouse Highway 76 & Springdale Road Laurens Clinton
N191 50825 Purolator Distribution Center 4800 Corporation Drive Cumberland Fayetteville
N192 50930 Ironhorse Park 1040 Ironhorse Drive Summit Park City
N193 51109 Kingsley Tool Company 3000 Kingsley Rd. Dallas Garland
N194A 51129 Huntington Center-15145-15245 Springdale/
Transistor Lane 15145-15245 Springdale St/
1514 0-15252 Trans. Ln Orange Huntington Beach
N194B 51129 Huntington Center-5312 System Drive 5312 System Drive Orange Huntington Beach
N194C 51129 Huntington Center-5362 Industrial Drive 5362 Industrial Drive Orange Huntington Beach
N194D 51129 Huntington Center-5452 McFadden Avenue 5452 McFadden Avenue Orange Huntington Beach
N194 51129 Huntington Center Industrial Properties
(Roll-Up)
N195 51138 Hillside Industrial II 994 & 996 Flower Glen St. Ventura Simi Valley
N196 51213 Aplex Building 830 Stewart Dr. Santa Clara Sunnyvale
N197 51013 Federal Express Distribution Facility 1525 Morrison Parkway Fulton Alpharetta
N198 50929 Patrick Airport Center 2900 East Patrick Lane Clark Las Vegas
N199 51227 Mighty Micro Building 3400 Gateway Blvd Alameda Fremont
</TABLE>
<PAGE> 24
ANNEX A
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
<TABLE>
<CAPTION>
CUT-OFF MATURITY
ZIP PROPERTY ORIGINAL DATE DATE
STATE CODE TYPE BALANCE BALANCE BALANCE
- ----- ---- ---------- ------- ------- -------
<S> <C> <C> <C> <C> <C>
OK 74801 Retail $2,050,000 $2,038,756 $1,314,306
NM 88240 Retail 2,000,000 1,994,741 1,543,320
CA 90401 Retail 2,000,000 1,993,483 1,762,626
CA 95823 Retail 1,900,000 1,896,293 1,670,405
GA 30136 Retail 1,840,000 1,837,964 1,624,341
CA 90025 Retail 1,800,000 1,793,518 1,595,877
SC 29078 Retail 1,700,000 1,696,457 1,484,946
CO 80910 Retail 1,687,500 1,681,782 1,481,507
CA 92110 Retail 1,650,000 1,643,660 1,429,539
UT 84088 Retail 1,575,000 1,570,715 1,376,222
AZ 85364 Retail 1,500,000 1,497,290 1,227,366
CA 92805 Retail 1,500,000 1,493,878 1,290,695
CA 94523 Retail 1,480,000 1,474,982 1,299,271
SC 29020 Retail 1,480,000 1,469,448 620,859
AZ 85044 Retail 1,425,000 1,422,183 1,251,203
CA 90011 Retail 1,407,000 1,401,248 1,232,662
CA 91302 Retail 1,365,000 1,361,769 1,208,077
CA 92110 Retail 1,350,000 1,344,813 1,169,622
CA 90027 Retail 1,331,250 1,325,949 1,169,311
CA 95060 Retail 1,300,000 1,294,701 1,055,121
MN 55105 Retail 1,250,000 1,245,655 1,094,585
CA 91007 Retail 1,150,000 1,148,707 1,013,933
CA 92804 Retail 1,100,000 1,096,244 964,979
CA 94402 Retail 1,100,000 1,078,866
CA 92024 Retail 1,000,000 998,286 823,611
UT 84088 Retail 1,000,000 997,280 835,602
CA 95928 Retail 855,000 852,876 753,482
CO 80232 Retail 847,000 845,754 709,958
CA 94578 Retail 840,000 838,287 752,504
CA 92505 Retail 825,000 821,826 727,031
ID 83705 Retail 820,000 817,950 722,216
NV 89031 Retail 742,000 739,974 613,075
MN 55344 Retail 712,500 711,920 589,926
SC 29204 Retail 695,089 690,307 296,253
SC 29210 Retail 628,000 623,680 267,661
CA 95901 Retail 590,000 589,735 528,308
CA 92590 Retail 505,000 503,712 443,963
CA 96001 Retail 490,000 488,620 403,127
CA 94122 Retail 440,000 439,242 391,191
CO 80866 Retail 435,000 434,846 394,882
NM 87111 Retail 420,000 418,853 347,023
UT 84116 Industrial 40,700,000 40,661,316 36,329,199
SC 29325 Industrial 11,700,000 11,652,952 10,266,992
NC 28306 Industrial 10,300,000 10,248,293 8,970,663
UT 84060 Industrial 5,400,000 5,350,043 3,681,739
TX 75041 Industrial 5,342,250 5,319,872 4,333,556
CA 92649 Industrial
CA 92649 Industrial
CA 92649 Industrial
CA 92649 Industrial
Industrial 5,050,000 5,033,155 4,050,778
CA 93065 Industrial 5,000,000 4,989,608 4,368,631
CA 94086 Industrial 5,000,000 4,966,818 4,020,504
GA 30004 Industrial 4,000,000 3,955,964 2,789,131
NV 89120 Industrial 3,600,000 3,576,598 2,904,245
CA 94538 Industrial 3,625,000 3,569,667
<CAPTION>
ADMINI-
STRATIVE SUB- NET FIRST INTEREST
LOAN MORTGAGE FEE SERVICING MORTGAGE NOTE PAYMENT ACCRUAL
TYPE RATE RATE FEE RATE RATE DATE DATE METHOD
-------- -------- ------- -------- -------- ---- ------- --------
<C> <C> <C> <C> <C> <C> <C> <C>
Balloon 7.165% 0.143% 0.100% 7.022% 08/31/98 10/01/98 Actual/360
Balloon 7.125% 0.143% 0.100% 6.982% 09/24/98 11/01/98 Actual/360
Balloon 7.345% 0.143% 0.100% 7.202% 07/21/98 10/01/98 Actual/360
Balloon 7.250% 0.143% 0.100% 7.107% 09/25/98 12/01/98 Actual/360
Balloon 7.400% 0.143% 0.100% 7.257% 11/23/98 01/01/99 Actual/360
Balloon 7.578% 0.143% 0.100% 7.435% 07/07/98 09/01/98 Actual/360
Balloon 7.000% 0.143% 0.100% 6.857% 10/30/98 12/01/98 Actual/360
Balloon 7.194% 0.143% 0.100% 7.051% 08/18/98 10/01/98 Actual/360
Balloon 6.692% 0.143% 0.100% 6.549% 08/24/98 10/01/98 Actual/360
Balloon 7.000% 0.143% 0.100% 6.857% 09/10/98 11/01/98 Actual/360
Balloon 7.650% 0.143% 0.100% 7.507% 11/23/98 01/01/99 Actual/360
Balloon 6.442% 0.143% 0.100% 6.299% 08/27/98 10/01/98 Actual/360
Balloon 7.192% 0.143% 0.100% 7.049% 08/26/98 10/01/98 Actual/360
Balloon 7.030% 0.143% 0.100% 6.887% 09/21/98 11/01/98 Actual/360
Balloon 7.200% 0.143% 0.100% 7.057% 10/26/98 12/01/98 Actual/360
Balloon 7.107% 0.143% 0.100% 6.964% 07/17/98 09/01/98 Actual/360
Balloon 7.500% 0.143% 0.100% 7.357% 09/25/98 11/01/98 Actual/360
Balloon 6.692% 0.143% 0.100% 6.549% 08/24/98 10/01/98 Actual/360
Balloon 7.207% 0.143% 0.100% 7.064% 07/13/98 09/01/98 Actual/360
Balloon 7.375% 0.143% 0.100% 7.232% 09/14/98 11/01/98 Actual/360
Balloon 7.094% 0.143% 0.100% 6.951% 08/03/98 10/01/98 Actual/360
Balloon 7.350% 0.143% 0.100% 7.207% 11/04/98 01/01/99 Actual/360
Balloon 7.164% 0.143% 0.100% 7.021% 08/07/98 10/01/98 Actual/360
Fully
Amortizing 6.997% 0.143% 0.100% 6.854% 07/09/98 09/01/98 30/360
Balloon 7.875% 0.143% 0.100% 7.732% 11/19/98 01/01/99 Actual/360
Balloon 7.000% 0.143% 0.100% 6.857% 09/09/98 11/01/98 Actual/360
Balloon 7.330% 0.143% 0.100% 7.187% 09/02/98 11/01/98 Actual/360
Balloon 8.500% 0.143% 0.100% 8.357% 11/05/98 01/01/99 Actual/360
Balloon 8.000% 0.143% 0.100% 7.857% 09/25/98 11/01/98 Actual/360
Balloon 7.336% 0.143% 0.100% 7.193% 07/21/98 09/01/98 Actual/360
Balloon 7.307% 0.143% 0.100% 7.164% 09/01/98 11/01/98 Actual/360
Balloon 8.000% 0.143% 0.100% 7.857% 10/29/98 12/01/98 Actual/360
Balloon 8.075% 0.143% 0.100% 7.932% 12/02/98 02/01/99 Actual/360
Balloon 7.280% 0.293% 0.250% 6.987% 09/23/98 11/01/98 Actual/360
Balloon 7.280% 0.293% 0.250% 6.987% 09/23/98 11/01/98 Actual/360
Balloon 8.000% 0.143% 0.100% 7.857% 11/23/98 02/01/99 Actual/360
Balloon 7.235% 0.143% 0.100% 7.092% 09/10/98 11/01/98 Actual/360
Balloon 7.850% 0.143% 0.100% 7.707% 10/14/98 12/01/98 Actual/360
Balloon 7.700% 0.143% 0.100% 7.557% 09/24/98 12/01/98 Actual/360
Balloon 8.600% 0.143% 0.100% 8.457% 12/07/98 02/01/99 Actual/360
Balloon 8.000% 0.143% 0.100% 7.857% 10/09/98 12/01/98 Actual/360
Balloon 7.850% 0.093% 0.050% 7.757% 11/30/98 01/01/99 Actual/360
Balloon 7.170% 0.143% 0.100% 7.027% 07/24/98 09/01/98 Actual/360
Balloon 6.870% 0.128% 0.085% 6.742% 06/29/98 08/01/98 Actual/360
Balloon 6.900% 0.143% 0.100% 6.757% 08/18/98 10/01/98 Actual/360
Balloon 7.000% 0.143% 0.100% 6.857% 09/28/98 11/01/98 Actual/360
Balloon 7.000% 0.143% 0.100% 6.857% 10/30/98 12/01/98 Actual/360
Balloon 7.010% 0.143% 0.100% 6.867% 10/28/98 12/01/98 Actual/360
Balloon 7.073% 0.143% 0.100% 6.930% 07/21/98 09/01/98 Actual/360
Balloon 6.930% 0.143% 0.100% 6.787% 07/31/98 09/01/98 Actual/360
Balloon 7.180% 0.143% 0.100% 7.037% 07/16/98 09/01/98 Actual/360
Fully
Amortizing 7.520% 0.143% 0.100% 7.377% 08/11/98 10/01/98 30/360
</TABLE>
<PAGE> 25
<TABLE>
<CAPTION>
ORIGINAL ORIGINAL REMAINING
TERM TO AMORTIZATION TERM TO CROSS- LOCKOUT
MONTHLY MATURITY TERM SEASONING MATURITY MATURITY COLLATERALIZED RELATED EXPIRATION PREPAYMENT PENALTY
PAYMENT (MONTHS) (MONTHS) (II) (MONTHS) (MONTHS) DATE LOANS LOANS DATE DESCRIPTION (MONTHS)
------- --------- ------------- --------- -------- -------- -------------- ------- ---------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
$14,705 180 300 5 175 09/01/13 No No 04/30/13 LO(175)/OPEN(5)/DEFEASANCE
13,474 180 360 4 176 10/01/13 No No 05/31/13 LO(175)/OPEN(5)/DEFEASANCE
13,773 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
12,961 120 360 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
12,740 120 360 2 118 12/01/08 No No 07/31/08 LO(115)/OPEN(5)/DEFEASANCE
12,682 120 360 6 114 08/01/08 No No 06/01/08 LO(118)/OPEN(2)/DEFEASANCE
11,310 120 360 3 117 11/01/08 No Yes(L) 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
11,448 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
10,638 120 360 5 115 09/01/08 No Yes(N) 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
10,479 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
11,232 120 300 2 118 12/01/08 No No 09/01/08 LO(117)/OPEN(3)/DEFEASANCE
9,424 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
10,038 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
11,501 180 240 4 176 10/01/13 No Yes(O) 05/31/13 LO(175)/OPEN(5)/DEFEASANCE
9,673 120 360 3 117 11/01/08 No No 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
9,462 120 360 6 114 08/01/08 No Yes(M) 06/01/08 LO(118)/OPEN(2)/DEFEASANCE
9,544 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
8,704 120 360 5 115 09/01/08 No Yes(N) 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
9,043 120 360 6 114 08/01/08 No No 06/01/08 LO(118)/OPEN(2)/DEFEASANCE
9,501 120 300 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
8,395 120 360 5 115 09/01/08 No No 03/04/08 LO(114)/OPEN(6)/DEFEASANCE
7,923 120 360 2 118 12/01/08 No no 10/01/08 LO(118)/OPEN(2)/DEFEASANCE
7,440 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
9,885 180 180 6 174 08/01/13 No No 06/01/13 LO(178)/OPEN(2)/DEFEASANCE
7,636 120 300 2 118 12/01/08 No No 10/01/08 LO(118)/OPEN(2)/DEFEASANCE
6,653 144 360 4 140 10/01/10 No No 08/01/10 LO(142)/OPEN(2)/DEFEASANCE
5,879 120 360 4 116 10/01/08 No Yes(P) 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
6,820 120 300 2 118 12/01/08 No No 10/01/08 LO(118)/OPEN(2)/DEFEASANCE
6,164 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
5,676 120 360 6 114 08/01/08 No No 06/01/08 LO(118)/OPEN(2)/DEFEASANCE
5,626 120 360 4 116 10/01/08 No Yes(P) 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
5,727 120 300 3 117 11/01/08 No No 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
5,535 120 300 1 119 01/01/09 No No 11/01/08 LO(118)OPEN(2)DEFEASANCE
5,506 180 240 4 176 10/01/13 No Yes(O) 05/31/13 LO(175)/OPEN(5)/DEFEASANCE
4,975 180 240 4 176 10/01/13 No Yes(O) 05/31/13 LO(175)/OPEN(5)/DEFEASANCE
4,329 120 360 1 119 01/01/09 No No 11/01/08 LO(118)/OPEN(2)/DEFEASANCE
3,440 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
3,733 120 300 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
3,137 120 360 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
3,376 120 360 1 119 01/01/09 No No 11/01/08 LO(118)/OPEN(2)/DEFEASANCE
3,242 120 300 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
294,397 120 360 2 118 12/01/08 No No 09/01/08 LO(117)/OPEN(3)/DEFEASANCE
79,181 120 360 6 114 08/01/08 No No 04/01/08 LO(116)/OPEN(4)/DEFEASANCE
67,629 120 360 7 113 07/01/08 No No 06/30/02 LO(47)/GRTR1%PPMTorYM(66)/
OPEN(7)/DEFEASANCE
41,543 120 240 5 115 09/01/08 No No 04/30/08 LO(115)/OPEN(5)/DEFEASANCE
37,486 120 306 4 116 10/01/08 No No 05/31/08 LO(115)/OPEN(5)/DEFEASANCE
35,692 120 300 3 117 11/01/08 No No 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
33,299 120 360 3 117 11/01/08 No No 07/01/08 LO(116)/OPEN(4)/DEFEASANCE
35,572 120 300 6 114 08/01/08 No No 06/01/08 LO(118)/OPEN(2)/DEFEASANCE
30,844 116 240 6 110 04/01/08 No No 12/01/07 LO(112)/OPEN(4)/DEFEASANCE
25,859 120 300 6 114 08/01/08 No No 07/31/02 LO(47)/GRTR1%PPMTorYM(66)/
OPEN(7)/DEFEASANCE
33,645 180 180 5 175 09/01/13 No No 07/02/13 LO(178)/OPEN(2)/DEFEASANCE
</TABLE>
<PAGE> 26
<TABLE>
<CAPTION>
LOAN
CUT-OFF TOTAL SF/ BALANCE
DATE UNITS/ UNIT/ NET PER
APPRAISAL APPRAISAL LTV YEAR BUILT/ ROOM/ ROOM/ RENTABLE SF/UNIT/
PROPERTY NAME VALUE DATE RATIO RENOVATED BED BED AREA(SF) ROOM/BED
------------- --------- --------- ------- ----------- ------ ------ --------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Del Plaza Shopping Center 2,750,000 07/01/98 74% 1964 66,737 SF 66,737 31
Staples - Hobbs NM 2,525,000 05/07/98 79% 1998 24,049 SF 24,049 83
701 Montana 3,350,000 02/21/98 60% 1986 8,707 SF 8,707 229
Evergreen Center 2,700,000 04/05/98 70% 1985 29,823 SF 29,823 64
For Eyes, Gwinnett 2,300,000 08/24/98 80% 1998 9,500 SF 9,500 193
L.A. Woman Building 2,500,000 06/19/98 72% 1949/1986 11,636 SF 11,636 154
River Crossing Shopping Center 2,125,000 08/24/98 80% 1989 37,000 SF 37,000 46
Academy Crossing Shopping Center 2,250,000 07/03/98 75% 1985 55,086 SF 55,086 31
1210 West Morena Blvd 2,500,000 07/01/98 66% 1972 27,188 SF 27,188 60
Park Village Shopping Center 2,100,000 08/06/98 75% 1989 14,150 SF 14,150 111
Yuma Mesa Shopping Center 4,600,000 09/10/98 33% 1960/1975 85,495 SF 85,495 18
Anaheim Town Center 4,450,000 05/08/98 34% 1981 33,580 SF 33,580 44
The Ellinwood Center 2,350,000 07/10/98 63% 1986 12,346 SF 12,346 119
North Towne Square Shopping Center 1,850,000 06/29/98 79% 1978/1994 80,599 SF 80,599 18
Mountain Park Square, Ph II 1,930,000 11/01/98 74% 1998 14,050 SF 14,050 101
Central Avenue Plaza 1,865,000 06/10/98 75% 1960/1993 21,282 SF 21,282 66
Calabasas Retail Center 1,820,000 07/21/98 75% 1928/1978 8,982 SF 8,982 152
920 Morena Industrial 2,110,000 07/01/98 64% 1973 22,823 SF 22,823 59
Wendys 1,775,000 05/29/98 75% 1979/1989 4,604 SF 4,604 288
Mission Center 2,370,000 07/21/98 55% 1990 16,436 SF 16,436 79
Pier I Imports Building 1,620,000 07/23/98 77% 1983/1990 10,215 SF 10,215 122
Arcadia Center 2,500,000 09/01/98 46% 1988 18,925 SF 18,925 61
Brookhurst Center 1,525,000 06/10/98 72% 1966/1987 8,361 SF 8,361 131
Trader Joes 2,300,000 02/09/98 47% 1991 11,370 SF 11,370 95
Country Corner Retail Center 1,500,000 09/16/98 67% 1978 14,573 SF 14,573 69
Sandra Plaza 1,800,000 08/03/98 55% 1980/1993 19,213 SF 19,213 52
Kragen Auto Parts-Chico CA 1,460,000 08/14/98 58% 1998 8,092 SF 8,092 105
Green Gables Shoppette 1,210,000 09/11/98 70% 1974 23,240 SF 23,240 36
Strip Retail Center 1,250,000 08/14/98 67% 1987 9,425 SF 9,425 89
Magnolia Center 1,100,000 04/15/98 75% 1990 12,870 SF 12,870 64
Schucks Automotive 1,100,000 07/29/98 74% 1997 12,000 SF 12,000 68
UMC Taco Bell 985,000 08/28/98 75% 1998 2,118 SF 2,586 349
Chestnut Place Retail Center 950,000 10/06/98 75% 1989 8,118 SF 8,118 88
Payless Shoes Store (Beltline Blvd.) 960,000 06/29/98 72% 1998 4,997 SF 4,997 138
Payless Shoe Store (Dutch Square) 820,000 06/29/98 76% 1998 3,060 SF 3,060 204
Kragen Auto Parts-Marysville CA 1,090,000 09/25/98 54% 1997 7,000 SF 7,000 84
Plaza Temecula 750,000 08/04/98 67% 1988 10,490 SF 10,490 48
851 Mistletoe Lane 900,000 09/03/98 54% 1978 14,000 SF 14,000 35
Yacoub Property:True Value Hardware 785,000 08/21/98 56% 1926 2,736 SF 2,736 161
Banana Belt Strip Center 580,000 06/11/98 75% 1983 6,333 SF 6,333 69
San Marcos Retail Plaza 600,000 08/18/98 70% 1975/1997 9,324 SF 9,324 45
Baybridge Business Park 62,100,000 09/03/98 66% 1957/1994 889,548 SF 889,548 46
Renfro Warehouse 15,174,000 07/10/98 77% 1986 566,564 SF 566,564 21
Purolator Distribution Center 12,900,000 01/09/98 79% 1997 506,115 SF 506,115 20
Ironhorse Park 10,500,000 04/29/98 51% 1985/1996 111,528 SF 111,528 48
Kingsley Tool Company 6,285,000 08/18/98 85% 1962 341,840 SF 341,840 16
Huntington Center-15145-15245 Springdale/Transistor Lane 1980 90,670 SF 90,670
Huntington Center-5312 System Drive 1977 11,206 SF 11,206
Huntington Center-5362 Industrial Drive 1979 11,408 SF 11,408
Huntington Center-5452 McFadden Avenue 1974 20,000 SF 20,000
Huntington Center Industrial Properties (Roll-Up) 8,620,000 09/08/98 58% 133,284 SF 133,284 38
Hillside Industrial II 6,500,000 06/15/98 77% 1998 88,896 SF 88,896 56
Aplex Building 8,990,000 06/08/98 55% 1970 60,800 SF 60,800 82
Federal Express Distribution Facility 5,700,000 06/18/98 69% 1998 88,215 SF 88,215 45
Patrick Airport Center 4,600,000 06/30/98 78% 1997 62,315 SF 62,315 57
Mighty Micro Building 5,700,000 07/31/98 63% 1998 39,156 SF 39,156 91
</TABLE>
<PAGE> 27
<TABLE>
<CAPTION>
OCCUPANCY U/W
OCCUPANCY AS OF U/W U/W U/W NOI U/W
PERCENT DATE REVENUES EXPENSE NOI DSCR RESERVES
- --------- -------- ----------- ----------- ------------ ---- --------
<S> <C> <C> <C> <C> <C> <C>
94% 08/27/98 323,467 55,978 267,489 1.52 13,347
100% 09/30/98 227,324 9,436 217,888 1.35 3,607
83% 02/28/98 376,599 92,780 283,819 1.72 3,309
92% 07/01/98 379,184 141,279 237,905 1.53 7,351
100% 10/01/98 258,400 47,553 210,847 1.38 1,425
100% 07/14/98 242,350 13,217 229,133 1.51 1,732
100% 09/30/98 270,239 75,190 195,049 1.44 7,400
95% 07/01/98 377,954 134,089 243,865 1.78 8,962
100% 09/30/98 255,100 49,582 205,518 1.61 6,499
94% 08/01/98 222,273 11,114 211,159 1.68 2,439
100% 10/31/98 683,068 223,262 459,806 3.41 24,687
91% 03/01/98 654,504 249,011 405,493 3.59 12,434
100% 07/01/98 257,725 80,435 177,290 1.47 3,959
74% 08/31/98 263,607 54,068 209,539 1.52 20,150
100% 10/22/98 228,853 54,437 174,416 1.50 2,108
92% 07/15/98 300,026 109,370 190,656 1.68 2,228
100% 09/24/98 217,552 53,373 164,179 1.43 3,178
100% 09/30/98 213,462 32,581 180,881 1.73 2,791
100% 05/29/98 209,584 42,574 167,010 1.54 1,473
100% 09/08/98 281,522 82,270 199,252 1.75 1,825
100% 07/14/98 233,931 71,214 162,717 1.62 2,759
95% 09/13/98 307,627 72,218 235,409 2.48 3,231
100% 08/14/98 181,142 37,242 143,900 1.61 4,271
100% 02/09/98 281,320 65,095 216,225 1.82 1,572
100% 04/30/98 227,926 90,395 137,531 1.50 4,900
100% 09/04/98 208,648 33,737 174,911 2.19 3,046
100% 09/16/98 117,674 23,957 93,717 1.33 809
100% 10/27/98 168,144 49,166 118,978 1.45 3,486
72% 07/23/98 152,470 38,055 114,415 1.55 1,885
100% 07/17/98 150,518 40,116 110,402 1.62 5,793
100% 09/15/98 118,512 26,491 92,021 1.36 1,200
100% 10/06/98 97,031 11,610 85,421 1.24 911
100% 06/23/98 153,878 62,694 91,184 1.37 1,217
100% 08/31/98 100,876 18,577 82,299 1.25 750
100% 08/31/98 86,867 13,121 73,746 1.24 459
100% 09/30/98 94,461 17,681 76,780 1.48 700
100% 06/30/98 106,237 30,626 75,611 1.83 1,049
100% 09/18/98 107,160 30,119 77,041 1.72 2,800
100% 09/04/98 59,147 6,670 52,477 1.39 540
100% 10/13/98 87,791 26,506 61,285 1.51 1,241
94% 08/26/98 77,413 16,872 60,541 1.56 1,401
91% 11/20/98 8,564,776 3,728,696 4,836,080 1.37 136,214
100% 07/01/98 1,417,163 56,671 1,360,492 1.43 0
100% 07/01/98 1,245,043 24,901 1,220,142 1.50 23,274
93% 09/30/98 1,160,789 311,598 849,191 1.70 22,306
100% 09/25/98 600,000 29,092 570,908 1.27 30,766
99% 11/01/98
100% 11/01/98
100% 11/01/98
100% 11/01/98
1,021,983 290,626 731,357 1.71 30,006
100% 04/30/98 734,375 202,846 531,529 1.33 8,890
100% 07/21/98 930,931 88,430 842,501 1.97 11,426
100% 06/30/98 532,060 20,367 511,693 1.38 8,809
91% 07/09/98 552,071 103,629 448,442 1.45 6,232
100% 08/13/98 580,292 34,818 545,474 1.35 3,916
<CAPTION>
2ND
MOST MOST MOST
U/W RECENT MOST MOST MOST RECENT RECENT
RESERVES END RECENT RECENT RECENT NOI END
PER UNIT DATE REVENUES EXPENSES NOI DSCR DATE
- -------- -------- -------- ---------- ---------- ----- -------
<S> <C> <C> <C> <C> <C> <C>
0.20 12/31/97 331,080 32,807 298,273 1.69 12/31/96
0.15
0.38 12/31/97 448,489 70,407 378,082 2.29 12/31/96
0.25 12/31/97 402,025 115,355 286,670 1.84 12/31/96
0.15
0.15 12/31/97 276,356 3,420 272,936 1.79 12/31/96
0.20 12/31/97 273,643 71,305 202,338 1.49 12/31/96
0.16 12/31/97 288,504 89,384 199,120 1.45 12/31/96
0.24 12/31/97 265,718 33,630 232,088 1.82 12/31/96
0.17 12/31/97 268,081 115,514 152,567 1.21 12/31/96
0.29 12/31/97 744,612 246,685 497,927 3.69 12/31/96
0.37 07/31/98 708,519 188,514 520,005 4.60
0.32 12/31/97 281,576 78,199 203,377 1.69 12/31/96
0.25 12/31/97 240,200 37,918 202,282 1.47 12/31/96
0.15
0.10 12/31/97 311,561 107,560 204,001 1.80 12/31/96
0.35 12/31/97 219,775 44,141 175,634 1.53 12/31/96
0.12 12/31/97 226,949 29,064 197,885 1.89 12/31/96
0.32 12/31/97 216,437 35,477 180,960 1.67 12/31/96
0.11 12/31/97 260,928 64,146 196,782 1.73 12/31/96
0.27 12/31/97 202,196 62,626 139,570 1.39 12/31/96
0.17 12/31/97 333,511 52,611 280,900 2.95 12/31/96
0.51 12/31/97 185,344 20,516 164,828 1.85 12/31/96
0.14 12/31/97 312,418 57,802 254,616 2.15 12/31/96
0.34 12/31/97 191,170 72,637 118,533 1.29 12/31/96
0.16 12/31/97 195,997 31,787 164,210 2.06 12/31/96
0.10
0.15 12/31/97 152,057 42,405 109,652 1.34 12/31/96
0.20 12/31/97 171,131 28,002 143,129 1.94 12/31/96
0.45 12/31/97 97,949 32,439 65,510 0.96 12/31/96
0.10
0.43
0.15 12/31/97 153,325 55,733 97,592 1.47 12/31/96
0.15
0.15
0.10
0.10 12/31/97 101,970 24,601 77,369 1.87 12/31/96
0.20 12/31/97 101,650 21,253 80,397 1.79 12/31/96
0.20 12/31/97 60,447 4,178 56,269 1.49 12/31/96
0.20 12/31/97 106,157 18,612 87,545 2.16
0.15 12/31/97 69,613 10,702 58,911 1.51 12/31/96
0.15
0.00
0.05
0.20 12/31/97 1,138,971 284,500 854,471 1.71 12/31/96
0.09
0.23 12/31/97 955,813 282,106 673,707 1.57 12/31/96
0.10
0.19 12/31/97 554,807 218,031 336,776 0.79 12/31/96
0.10
0.10
0.10
</TABLE>
<PAGE> 28
<TABLE>
<CAPTION>
2ND
2ND 2ND 2ND MOST LARGEST
MOST MOST MOST RECENT TENANT
RECENT RECENT RECENT NOI LEASED
REVEBUES EXPENSES NOI DSCR LARGEST TENANT SF
-------- ------------ ----------- ------- --------------- --------
<S> <C> <C> <C> <C> <C>
281,338 30,294 251,044 1.42 Sav-A-Lot 15,080
Staples 24,049
446,442 71,952 374,490 2.27 Let's Travel 1,360
388,718 113,746 274,972 1.77 Liquor Center 4,655
Only Diamonds 4,950
255,097 6,610 248,487 1.63 LA Woman, Inc 11,636
269,300 68,146 201,154 1.48 Food Lion 25,000
225,343 135,355 89,988 0.66 Brown Group Retail, Inc 14,000
248,098 42,623 205,475 1.61 Petco Annimal Supplies, Inc 20,108
264,671 103,116 161,555 1.28 Hollywood Video 5,700
722,539 334,731 387,808 2.88 Southwest Super Markets, LLC 24,560
Wells Fargo Bank 6,000
285,934 81,363 204,571 1.70 Mian, Jalani 2,682
251,056 63,136 187,920 1.36 Food Lion 32,708
The Lighter Side 3,000
305,079 95,594 209,485 1.84 The Pep Boys, Manny, Moe & Jack of California 12,083
222,541 41,802 180,739 1.58 Gaetano's Italian Restaurant 3,902
221,117 15,661 205,456 1.97 Scan Furniture 22,823
203,677 35,478 168,199 1.55 Wendy's 2,316
250,349 60,712 189,637 1.66 New Leaf Market 7,646
182,898 42,286 140,612 1.40 Pier 1 Imports 10,215
315,498 57,770 257,728 2.71 Shanghai Restaurant 4,990
184,070 20,893 163,177 1.83 Khouraki, Abdo 3,900
276,519 56,036 220,483 1.86 Trader Joe's Company 11,370
147,290 68,528 78,762 0.86 7-Eleven Southland Corp. 4,000
197,449 29,380 168,069 2.11 Michael's Stores, Inc. 17,808
Kragen Auto Parts 8,092
148,362 36,839 111,523 1.36 Jewell Auto Body 11,200
175,870 35,418 140,452 1.90 Launderland 4,225
121,274 30,464 90,810 1.33 Kaiser Foundation Hospitals 8,379
Schucks Auto Parts 12,000
Las Cal Corporation 2,586
143,541 55,543 87,998 1.32 Oasis Mini-Market 2,992
Payless Shoe Source 3,060
Payless Shoe Source 3,060
Kragen Auto Parts 7,000
113,084 27,770 85,314 2.07 Interior For Today 3,300
97,875 24,568 73,307 1.64 Redding Instruments 3,000
57,940 4,291 53,649 1.43 True Value Hardware 2,736
Banana Belt Liquors 3,110
74,197 9,907 64,290 1.65 Garden Fresh Produce 4,275
L3 487,460
Renfro 566,564
Purolator 506,115
1,082,265 250,872 831,393 1.67 Summit Sports 8,000
Kingsley Tool Co. 341,840
Integrated Tech 5,110
Summit Steel 11,206
Haddonstone 11,408
F.P. Diesel 20,000
1,012,669 300,112 712,557 1.66 F.P. Diesel 20,000
Countrywide Funding Inc. 45,888
170,034 139,473 30,561 0.11 Aplex, Inc. 60,800
FedEx 88,215
Gaming Systems 17,038
Mighty Micro 39,156
<CAPTION>
SECOND
LARGEST SECOND LARGEST SECOND
TENANT LARGEST LARGEST TENANT LARGEST
% of TENANT TENANT % OF TENANT
TOTAL LEASE SECOND LARGEST LEASED TOTAL LEASE
SF EXPIRATION TENANT SF SF EXPIRATION
------ ----------- ----------------- -------- ------ ----------
<S> <C> <C> <C> <C> <C>
23% 08/31/99 Family Dollar 9,600 14% 12/31/03
100% 09/01/13
16% 09/01/00 Starbuck's 1,240 14% 09/01/04
16% 09/30/03 Chief Auto Parts 3,400 11% 10/31/00
52% 09/30/18 For Eyes 2,550 27% 07/31/13
100% 03/15/03
68% 10/28/09 State of SC 3,600 10% 07/31/99
25% 11/30/03 Faith Alliance Church 9,140 17% 12/31/01
74% 05/08/04 Ochoc, Robert Al 7,080 26% 02/28/02
40% 08/31/08 Little Caesar's 1,750 12% 05/31/99
29% 10/31/03 Pic 'N' Save 19,600 23% 06/30/04
18% 09/30/05 Bahay Natin Filipino Restaurant 3,000 9% 09/30/00
22% 04/09/03 Super Five 2,116 17% 12/31/06
41% 06/12/14 CVS Drugstore (REVCO) 8,450 10% NAV
21% 05/19/03 Dr. John E. Culp 2,340 17% 06/19/05
57% 01/31/06 Pizza Hut of San Diego, Inc. 1,404 7% 09/30/01
43% 10/31/01 Small Treasures 2,183 24% 10/31/00
100% 04/14/02 Martin Outdoor 0 0% 09/30/01
50% 05/31/08 Tera Flora 1,144 25% MTM
47% 05/24/00 Mission Liquor 2,300 14% 08/31/03
100% 03/31/10
26% 09/30/00 Lucko Financial Service, Inc. 3,227 17% 04/30/01
47% 03/07/05 Pontius Corp 2,936 35% 09/30/99
100% 10/31/04
27% 10/31/08 Wrapco, Inc 2,000 14% 04/30/02
93% 02/28/00 Pizza Hut 1,405 7% 10/31/99
100% 03/31/18
48% 04/30/01 Takayama Restaurant 2,140 9% 12/31/99
45% 12/14/00 Windmill Cleaners 1,300 14% 11/30/03
65% 12/31/02 Nice Liquor & Video 2,860 22% NAV
100% 07/31/17
100% 04/30/18
37% 07/31/99 Mr. Q's Vietnamese Cuisine 2,432 30% 07/31/99
61% 04/30/13 Bully Farr 1,937 39% 10/31/02
100% 05/31/13
100% 08/08/12
31% 01/31/01 Lady of the Lake 2,790 27% 12/31/01
21% 06/30/99 Mistletoe Realty 2,000 14% 06/30/99
100% 11/30/01
49% 12/31/05 Great Divide Printing 1,670 26% 12/31/03
46% 12/31/04 Wonder Bread Bakery 3,000 32% 12/31/02
55% 11/01/18 Unisys 266,488 30% 12/01/00
100% 07/22/13
100% 10/31/07
7% 04/01/02 Jupiter Property Mgt 5,800 5% 02/01/05
100% 07/01/14
6% 08/31/00 Sun Engineering 5,019 6% 02/28/03
100% 09/30/00
100% 09/30/00
100% 02/28/99
15% 02/28/99 Haddonstone 11,408 9% 09/30/00
52% 07/01/03 Condor Systems 43,008 48% 02/01/05
100% 12/31/02
100% 03/31/08
27% 03/31/03 Performance Contracting 10,200 16% 01/31/02
100% 08/04/13
</TABLE>
<PAGE> 29
<TABLE>
<CAPTION>
SE- LOAN
QUENCE NUMBER PROPERTY NAME PROPERTY ADDRESS COUNTY CITY
------ ------ ------------- ---------------- ------ ----
<S> <C> <C> <C> <C> <C>
N200A 50933 Collierville Business Center-Collierville
Plaza 141 US Highway 72 Shelby Collierville
N200B 50933 Collierville Business Center-Federal Avenue 5603 Federal Ave. Shelby Memphis
N200C 50933 Collierville Business Center-Magnolia Ridge 318 & 320 Mt. Pleasant Road Shelby Collierville
N200D 50933 Collierville Business Center-Pecan Ridge
Center 205 Mt. Pleasant Road Shelby Collierville
N200E 50933 Collierville Business Center-Ripley Oaks
Retail Center 449 US Highway 72 Shelby Collierville
N200F 50933 Collierville Business Center-Wonder Center 165 Main Street Shelby Collierville
N200 50933 Collierville Business Center (Roll-Up)
N201 51346 Bentek Manufacturing Building 2350 Harris Way Santa Clara San Jose
N202 51351 Thousand Oaks Business Center 250, 270 & 290 Conejo Ridge
Avenue Ventura Thousand Oaks
N203 50902 McGaw Business Center 1555-1565 McGaw Ave,
17151-17153
Gillette Ave Orange Irvine
N204 51256 Faber Street Industrial Building 2801-2809 Faber St. Alameda Union City
N205 51387 Magellan Systems Building 1292-1294 Hammerwood Avenue Santa Clara Sunnyvale
N206 51358 33300 Western Ave Industrial Center 33300 Western Avenue Alameda Union City
N207 51170 Center Street Industrial Center 4400 34st Street North-
US Highway 19 Pinellas St. Petersburg
N208 51334 Valley View Building 16932 Valley View Ave. Los Angeles La Mirada
N209 51250 Hi-Val Industrial 1300 E Wakeham Ave. Orange Santa Ana
N210 51103 Redmoor Industrial Center 18080 Northeast 68th St. King Redmond
N211 51258 Redfield Tech Center 7848 East Redfield Rd Maricopa Scottsdale
N212 51205 Clark Foods Sterling Heights 6635 Sterling Drive South Macomb Sterling Heights
N213 51120 Rosewood Industrial Plaza 4500-4530 N. Hiatus Rd. Broward Sunrise
N214 51310 30 Janis Way Building 30 Janis Way Santa Cruz Scotts Valley
N215 51265 Black Mountain Industrial 9520 Black Mountain Rd San Diego San Diego
N216 51365 Napa Warehouse 912-918 Enterprise Way Napa Napa
N217 51237 Applied Graphics Tech 5670 Oberlin Dr. San Diego San Diego
N218 51268 Buenos Industrial 980 Buenos Ave. San Diego San Diego
N219 51355 Grouse Creek Center 23798 U.S. Highway 24 Eagle Minturn
N220 51277 Faraday Ave. Light Industrial 3 Faraday Ave. Orange Irvine
N221 51269 C Street Industrial 591 - 595 C Street San Diego Chula Vista
N222 51399 Fremont Light Industrial Building 44829-44853 Freemont Blvd Alameda Fremont
N223 51400 Air Liquide Light Industrial 201 S. River Run Road Coconino Flagstaff
N224 51396 Lake Forest Light Industrial Building 20611 Canada Road Orange Lake Forest
N225 51340 Hertz Equipment Rental Warehouse 800 Industrial Circle South Scott Shakopee
N226A 51429 RFS Hotel Note B-Hampton Inn-Bloomington 4201 West 80th Street Hennepin Bloomington
N226B 51429 RFS Hotel Note B-Holiday Inn-Wauwatosa 11111 West North Avenue Milwaukee Wauwatosa
N226C 51429 RFS Hotel Note B-Sheraton Milpitas 1801 Barber Lane Santa Clara Milpitas
N226D 51429 RFS Hotel Note B-Sheraton-Pleasanton 5115 Hopyard Road Alameda Pleasanton
N226E 51429 RFS Hotel Note B-Residence Inn-Kansas City 2975 Main Street Jackson Kansas City
N226 51429 RFS Hotel Note B (Roll-Up)
N227A 51428 RFS Hotel Note A-Comfort Inn-Farmington Hills 30715 Twelve Mile Road Oakland Farmington Hills
N227B 51428 RFS Hotel Note A-Hampton Inn Indianapolis 5601 Fortune Circle West Marion Indianapolis
N227C 51428 RFS Hotel Note A-Hampton Inn-Memphis 33 Humphrey Center Drive Shelby Memphis
N227D 51428 RFS Hotel Note A-Sheraton-Bakersfield 5101 California Avenue Kern Bakersfield
N227E 51428 RFS Hotel Note A-Sheraton-Sunnyvale 1100 North Mathilda Avenue Santa Clara Sunnyvale
N227 51428 RFS Hotel Note A (Roll-Up)
SUB-TOTAL CROSSED LOANS
N228 51006 The Lodge at Woodcliff 199 Woodcliff Drive Monroe Fairport
N229 51060 Lighthouse Lodge and Suites 1150 & 1249 Lighthouse Ave. Monterey Pacific Grove
N230A 51121 Lexington Suites - Dallas 4150 Independence Drive Dallas Dallas
N230B 51121 Lexington Suites - Houston 16410 N. Freeway (IH-45) Harris Houston
N230C 51121 Lexington Suites - Oklahoma City 1200 South Meridian Avenue Oklahoma Oklahoma City
N230 51121 Lexington Suites Hotels (Roll-Up)
N231 51156 Spyglass Inn 2703 & 2705 Spyglass Dr. San Luis Obispo Pismo Beach
N232 51122 Fairfield Inn 20 Orme Dr. Warren Vicksburg
N233 51157 Fireside Inn (Best Western) 6700 Moonstone Beach Dr. San Luis Obispo Cambria
N234 51131 450 7th Avenue 450 7th Ave. (Nelson Bldg.) New York New York
N235 51111 Corte Madera Plaza 21 Tamal Vista Blvd. Marin Corte Madera
N236 51254 379 Lytton Avenue Building 379 Lytton Ave. Santa Clara Palo Alto
</TABLE>
<PAGE> 30
ANNEX A
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
<TABLE>
<CAPTION>
ADMINI-
CUT-OFF MATURITY STRATIVE SUB- NET FIRST INTEREST
ZIP PROPERTY ORIGINAL DATE DATE LOAN MORTGAGE FEE SERVICING MORTGAGE NOTE PAYMENT ACCRUAL
STATE CODE TYPE BALANCE BALANCE BALANCE TYPE RATE RATE FEE RATE RATE DATE DATE METHOD
- ----- ---- ---------- ------- ------- ------- ---------- -------- ------- -------- -------- ---- ------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TN 38017 Retail
TN 38118 Industrial
TN 38017 Industrial
TN 38017 Industrial
TN 38017 Retail
TN 38017 Industrial
Industrial 3,400,000 3,381,120 2,735,742 Balloon 7.100% 0.143% 0.100% 6.957% 08/12/98 10/01/98 Actual/360
CA 95131 Industrial 3,150,000 3,100,264 Fully
Amortizing 7.126% 0.143% 0.100% 6.983% 07/31/98 10/01/98 30/360
CA 91361 Industrial 2,800,000 2,794,353 2,453,761 Balloon 7.125% 0.143% 0.100% 6.982% 10/08/98 12/01/98 Actual/360
CA 92614 Industrial 2,625,000 2,614,277 2,299,921 Balloon 7.110% 0.093% 0.050% 7.017% 07/29/98 09/01/98 Actual/360
CA 94587 Industrial 2,500,000 2,491,078 2,183,238 Balloon 6.990% 0.143% 0.100% 6.847% 08/27/98 10/01/98 Actual/360
CA 94702 Industrial 2,475,000 2,472,771 2,217,110 Balloon 8.000% 0.143% 0.100% 7.857% 11/02/98 01/01/99 Actual/360
CA 94587 Industrial 2,470,000 2,465,181 2,171,527 Balloon 7.250% 0.143% 0.100% 7.107% 10/15/98 12/01/98 Actual/360
FL 33714 Industrial 2,320,000 2,315,474 2,039,652 Balloon 7.250% 0.143% 0.100% 7.107% 10/27/98 12/01/98 Actual/360
CA 90638 Industrial 2,290,000 2,285,532 2,013,277 Balloon 7.250% 0.143% 0.100% 7.107% 10/01/98 12/01/98 Actual/360
CA 92705 Industrial 2,047,500 2,039,725 1,776,228 Balloon 6.740% 0.143% 0.100% 6.597% 08/03/98 10/01/98 Actual/360
WA 98052 Industrial 2,000,000 1,996,119 1,759,217 Balloon 7.270% 0.143% 0.100% 7.127% 10/30/98 12/01/98 Actual/360
AZ 85260 Industrial 2,000,000 1,992,994 1,749,970 Balloon 7.064% 0.143% 0.100% 6.921% 08/18/98 10/01/98 Actual/360
MI 48312 Industrial 1,905,000 1,891,124 1,545,477 Balloon 7.353% 0.143% 0.100% 7.210% 06/24/98 08/01/98 Actual/360
FL 33351 Industrial 1,750,000 1,744,302 1,409,126 Balloon 7.125% 0.143% 0.100% 6.982% 10/26/98 12/01/98 Actual/360
CA 95066 Industrial 1,500,000 1,496,056 1,314,968 Balloon 7.125% 0.143% 0.100% 6.982% 09/10/98 11/01/98 Actual/360
CA 92126 Industrial 1,290,000 1,285,044 1,117,639 Balloon 6.692% 0.143% 0.100% 6.549% 08/24/98 10/01/98 Actual/360
CA 94558 Industrial 1,218,000 1,214,168 985,966 Balloon 7.300% 0.143% 0.100% 7.157% 10/26/98 12/01/98 Actual/360
CA 92121 Industrial 1,150,000 1,146,076 1,008,920 Balloon 7.167% 0.143% 0.100% 7.024% 08/14/98 10/01/98 Actual/360
CA 92110 Industrial 1,100,000 1,095,774 953,026 Balloon 6.692% 0.143% 0.100% 6.549% 08/24/98 10/01/98 Actual/360
CO 81645 Industrial 950,000 947,055 770,753 Balloon 7.375% 0.143% 0.100% 7.232% 10/08/98 12/01/98 Actual/360
CA 92618 Industrial 850,000 847,809 746,536 Balloon 7.197% 0.143% 0.100% 7.054% 09/01/98 11/01/98 Actual/360
CA 91910 Industrial 755,000 752,099 654,123 Balloon 6.692% 0.143% 0.100% 6.549% 08/24/98 10/01/98 Actual/360
CA 94538 Industrial 560,000 559,079 463,536 Balloon 8.050% 0.143% 0.100% 7.907% 11/23/98 01/01/99 Actual/360
AZ 86001 Industrial 505,000 504,570 453,973 Balloon 8.150% 0.143% 0.100% 8.007% 11/25/98 01/01/99 Actual/360
CA 92630 Industrial 500,000 499,550 447,901 Balloon 8.000% 0.143% 0.100% 7.857% 11/23/98 01/01/99 Actual/360
MN 55379 Industrial 487,500 486,562 429,136 Balloon 7.300% 0.143% 0.100% 7.157% 10/13/98 12/01/98 Actual/360
MN 55437 Hotel
WI 53226 Hotel
CA 95035 Hotel
CA 94588 Hotel
MO 64108 Hotel
Hotel 55,450,000 55,402,022 45,578,728 Balloon 7.821% 0.093% 0.050% 7.728% 12/18/98 02/01/99 Actual/360
MI 48334 Hotel
IN 46241 Hotel
TN 38120 Hotel
CA 93309 Hotel
CA 94089 Hotel
Hotel 40,350,000 40,315,331 33,195,434 Balloon 7.851% 0.093% 0.050% 7.758% 12/18/98 02/01/99 Actual/360
---------- ----------
95,717,353 78,774,162
NY 14450 Hotel 17,250,000 17,154,933 13,896,828 Balloon 7.140% 0.143% 0.100% 6.997% 08/14/98 10/01/98 Actual/360
CA 93950 Hotel 9,300,000 9,261,587 7,533,445 Balloon 7.310% 0.143% 0.100% 7.167% 09/16/98 11/01/98 Actual/360
TX 75237 Hotel
TX 77090 Hotel
OK 73108 Hotel
Hotel 9,285,000 9,253,802 7,349,155 Balloon 7.750% 0.143% 0.100% 7.607% 10/29/98 12/01/98 Actual/360
CA 93449 Hotel 3,150,000 3,139,493 2,526,724 Balloon 7.000% 0.143% 0.100% 6.857% 10/30/98 12/01/98 Actual/360
MS 39180 Hotel 2,800,000 2,791,743 2,288,572 Balloon 7.625% 0.143% 0.100% 7.482% 10/29/98 12/01/98 Actual/360
CA 93428 Hotel 2,800,000 2,790,945 2,257,008 Balloon 7.160% 0.143% 0.100% 7.017% 10/30/98 12/01/98 Actual/360
NY 10123 Office 11,000,000 10,977,077 9,608,472 Balloon 7.000% 0.143% 0.100% 6.857% 10/28/98 12/01/98 Actual/360
CA 94925 Office 9,100,000 9,080,764 7,937,348 Balloon 6.945% 0.098% 0.055% 6.847% 10/13/98 12/01/98 Actual/360
CA 94301 Office 8,800,000 8,766,991 7,644,357 Balloon 6.790% 0.143% 0.100% 6.647% 08/26/98 10/01/98 Actual/360
</TABLE>
<PAGE> 31
<TABLE>
<CAPTION>
ORIGINAL ORIGINAL REMAINING
TERM TO AMORTIZATION TERM TO CROSS- LOCKOUT
MONTHLY MATURITY TERM SEASONING MATURITY MATURITY COLLATERALIZED RELATED EXPIRATION PREPAYMENT PENALTY
PAYMENT (MONTHS) (MONTHS) (ii) (MONTHS) (MONTHS) DATE LOANS LOANS DATE DESCRIPTION (MONTHS)
------- --------- ------------- --------- -------- -------- -------------- ------- ---------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
24,248 120 300 5 115 09/01/08 No No 09/30/02 LO(48)/GRTR1%PPMTorYM(69)/
OPEN(3)
28,535 180 180 5 175 09/01/13 No No 07/02/13 LO(178)/OPEN(2)/DEFEASANCE
18,864 120 360 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
17,659 120 360 6 114 08/01/08 No No 03/31/08 LO(115)/OPEN(5)/DEFEASANCE
16,616 120 360 5 115 09/01/08 No No 07/02/98 LO(118)/OPEN(2)/DEFEASANCE
18,161 120 360 2 118 12/01/08 No No 10/01/08 LO(118)/OPEN(2)/DEFEASANCE
16,850 120 360 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
15,826 120 360 3 117 11/01/08 No Yes(Q) 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
15,622 120 360 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
13,266 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
13,671 120 360 3 117 11/01/08 No No 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
13,392 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
13,896 120 300 7 113 07/01/08 No No 05/01/08 LO(118)/OPEN(2)/DEFEASANCE
12,509 120 300 3 117 11/01/08 No No 07/01/08 LO(116)/OPEN(4)/DEFEASANCE
10,106 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
8,317 120 360 5 115 09/01/08 No Yes(N) 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
8,843 120 300 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
7,780 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
7,092 120 360 5 115 09/01/08 No Yes(N) 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
6,943 120 300 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
5,768 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
4,868 120 360 5 115 09/01/08 No Yes(N) 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
4,341 120 300 2 118 12/01/08 No No 10/01/08 LO(118)/OPEN(2)/DEFEASANCE
3,758 120 360 2 118 12/01/08 No No 10/01/08 LO(118)/OPEN(2)/DEFEASANCE
3,669 120 360 2 118 12/01/08 No No 10/01/08 LO(118)/OPEN(2)/DEFEASANCE
3,342 120 360 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
421,411 120 300 1 119 01/01/09 Yes(3) Yes(R) 10/01/08 LO(117)/OPEN(3)/DEFEASANCE
307,448 120 300 1 119 01/01/09 Yes(3) Yes(R) 10/01/08 LO(117)/OPEN(3)/DEFEASANCE
123,464 120 300 5 115 09/01/08 No No 04/30/08 LO(115)/OPEN(5)/DEFEASANCE
67,581 120 300 4 116 10/01/08 No No 06/01/08 LO(116)/OPEN(4)/DEFEASANCE
71,624 120 282 3 117 11/01/08 No No 07/01/08 LO(116)/OPEN(4)/DEFEASANCE
22,264 120 300 3 117 11/01/08 No No 10/31/02 LO(47)/GRTR1%PPMTorYM(68)/
OPEN(5)/DEFEASANCE
20,920 120 300 3 117 11/01/08 No No 07/01/08 LO(116)/OPEN(4)/DEFEASANCE
20,077 120 300 3 117 11/01/08 No No 10/31/02 LO(47)/GRTR1%PPMTorYM(68)/
OPEN(5)/DEFEASANCE
73,183 120 360 3 117 11/01/08 No No 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
60,207 120 360 3 117 11/01/08 No No 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
57,311 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
</TABLE>
<PAGE> 32
<TABLE>
<CAPTION>
CUT-OFF
DATE
SE- LOAN APPRAISAL APPRAISAL LTV YEAR BUILT/
QUENCE NUMBER PROPERTY NAME VALUE DATE RATIO RENOVATED
- ------ ------ ------------- ---------- --------- ------- ---------
<S> <C> <C> <C> <C> <C> <C>
N200A 50933 Collierville Business Center-Collierville Plaza 1976
N200B 50933 Collierville Business Center-Federal Avenue 1989
N200C 50933 Collierville Business Center-Magnolia Ridge 1986
N200D 50933 Collierville Business Center-Pecan Ridge Center 1990
N200E 50933 Collierville Business Center-Ripley Oaks Retail Center 1958
N200F 50933 Collierville Business Center-Wonder Center 1953
N200 50933 Collierville Business Center (Roll-Up) 6,855,00 03/30/1998 49%
N201 51346 Bentek Manufacturing Building 5,400,000 05/28/1998 57% 1978
N202 51351 Thousand Oaks Business Center 4,850,000 08/06/1998 58% 1990
N203 50902 McGaw Business Center 3,900,000 04/03/1998 67% 1990
N204 51256 Faber Street Industrial Building 3,350,000 06/19/1998 74% 1985
N205 51387 Magellan Systems Building 3,300,000 09/03/1998 75% 1975
N206 51358 33300 Western Ave Industrial Center 3,300,000 07/02/1998 75% 1978
N207 51170 Center Street Industrial Center 2,900,000 09/15/1998 80% 1959/1990
N208 51334 Valley View Building 3,050,000 08/11/1998 75% 1974
N209 51250 Hi-Val Industrial 2,730,000 06/20/1998 75% 1961/1996
N210 51103 Redmoor Industrial Center 3,325,000 06/26/1998 60% 1990
N211 51258 Redfield Tech Center 2,650,000 06/12/1998 75% 1984
N212 51205 Clark Foods Sterling Heights 2,540,000 05/14/1998 75% 1968
N213 51120 Rosewood Industrial Plaza 2,830,000 08/06/1998 62% 1991
N214 51310 30 Janis Way Building 2,810,000 07/21/1998 53% 1974
N215 51265 Black Mountain Industrial 2,110,000 06/30/1998 61% 1984
N216 51365 Napa Warehouse 1,760,000 09/01/1998 69% 1985
N217 51237 Applied Graphics Tech 1,770,000 06/11/1998 65% 1983/1996
N218 51268 Buenos Industrial 1,700,000 07/29/1998 65% 1977
N219 51355 Grouse Creek Center 1,365,000 08/17/1998 69% 1975
N220 51277 Faraday Ave. Light Industrial 1,280,000 07/22/1998 66% 1980
N221 51269 C Street Industrial 1,165,000 06/25/1998 65% 1986
N222 51399 Fremont Light Industrial Building 1,115,000 08/25/1998 50% 1985
N223 51400 Air Liquide Light Industrial 710,000 09/08/1998 71% 1998
N224 51396 Lake Forest Light Industrial Builin 750,000 09/22/1998 67% 1990
N225 51340 Hertz Equipment Rental Warehouse 650,000 08/10/1998 75% 1980/1997
N226A 51429 RFS Hotel Note B-Hampton Inn-Bloomington 1983/1998
N226B 51429 RFS Hotel Note B-Holiday Inn-Wauwatosa 1984/1995
N226C 51429 RFS Hotel Note B-Sheraton Milpitas 1988/1998
N226D 51429 RFS Hotel Note B-Sheraton-Pleasanton 1985/1998
N226E 51429 RFS Hotel Note B-Residence Inn-Kansas City 1988
N226 51429 RFS Hotel Note B (Roll-Up) 88,600,000 01/01/1999 63%
N227A 51428 RFS Hotel Note A-Comfort Inn-Farmington Hills 1986/1997
N227B 51428 RFS Hotel Note A-Hampton Inn Indianapolis 1988/1998
N227C 51428 RFS Hotel Note A-Hampton Inn-Memphis 1992
N227D 51428 RFS Hotel Note A-Sheraton-Bakersfield 1983/1998
N227E 51428 RFS Hotel Note A-Sheraton-Sunnyvale 1980/1998
N227 51428 RFS Hotel Note A (Roll-Up) 65,600,000 01/01/1999 62%
-----------
SUB-TOTAL CROSSED LOANS 154,200,000
N228 51006 The Lodge at Woodcliff 25,000,000 06/01/1998 69% 1986/1996
N229 51060 Lighthouse Lodge and Suites 14,200,000 06/01/1998 65% 1968
N230A 51121 Lexington Suites - Dallas 1984/1997
N230B 51121 Lexington Suites - Houston 1984/1994
N230C 51121 Lexington Suites - Oklahoma City 1981/1996
N230 51121 Lexington Suites Hotels (Roll-Up) 13,875,000 08/21/1998 67%
N231 51156 Spyglass Inn 7,100,000 07/29/1998 44% 1970/1997
N232 51122 Fairfield Inn 4,100,000 08/20/1998 68% 1995
N233 51157 Fireside Inn (Best Western) 4,700,000 07/27/1998 59% 1973/1985
N234 51131 450 7th Avenue 63,000,000 08/20/1998 17% 1931
N235 51111 Corte Madera Plaza 12,000,000 06/30/1998 76% 1975
N236 51254 379 Lytton Avenue Building 13,100,000 07/27/1998 67% 1986
<CAPTION>
LOAN
TOTAL SF/ BALANCE
UNITS/ UNIT/ NET PER
ROOM/ ROOM/ RENTABLE SF/UNIT/
BED BED AREA (SF) ROOM/BED
- ------ ----- --------- --------
<S> <C> <C> <C>
8,286 SF 8,286
6,000 SF 6,000
9,461 SF 9,461
46,530 SF 46,530
55,282 SF 55,282
193,103 SF 193,103
318,802 SF 318,802 11
49,294 SF 49,294 63
53,296 SF 53,296 52
42,901 SF 42,901 61
55,615 SF 55,615 45
25,200 SF 25,200 98
73,860 SF 73,860 33
116,500 SF 116,500 20
83,900 SF 83,900 27
57,064 SF 57,064 36
47,660 SF 47,660 42
38,500 SF 38,500 52
81,225 SF 81,225 23
47,815 SF 47,815 36
44,360 SF 44,360 34
34,007 SF 34,007 38
35,624 SF 35,624 34
18,430 SF 18,430 62
29,040 SF 29,040 38
13,780 SF 13,780 69
15,600 SF 15,600 54
20,460 SF 20,460 37
19,935 SF 19,935 28
4,065 SF 4,065 124
8,610 SF 8,610 58
18,430 SF 18,430 26
135 Rooms 63,728
122 Rooms 59,286
229 Rooms 165,693
214 Rooms 150,000
96 Rooms 95,500
796 Rooms 534,207 69,601
135 Rooms 72,564
131 Rooms 75,976
120 Rooms 60,684
197 Rooms 125,398
173 Rooms 71,448
756 Rooms 406,070 53,327
244 Rooms 166,509 70,307
97 Rooms 47,004 95,480
108 Rooms 47,187
248 Rooms 106,228
145 Rooms 65,916
501 Rooms 219,331 18,471
82 Rooms 43,682 38,286
81 Rooms 37,100 34,466
46 Rooms 26,000 60,673
448,982 SF 448,982 24
48,687 SF 48,687 187
29,705 SF 29,705 295
</TABLE>
<PAGE> 33
ANNEX A
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
<TABLE>
<CAPTION>
OCCUPANCY U/W
OCCUPANCY AS OF U/W U/W U/W NOI U/W
PERCENT DATE REVENUES EXPENSES NOI DSCR RESERVES
--------- ---------- -------- -------- --- ---- --------
<S> <C> <C> <C> <C> <C> <C>
100% 08/05/1998
100% 08/05/1998
100% 08/05/1998
100% 08/05/1998
100% 08/05/1998
91% 08/05/1998
$821,698 $236,536 $585,162 2.01 $63,832
100% 07/12/1996 561,952 33,717 528,235 1.54 4,929
100% 10/02/1998 590,495 135,862 454,633 2.01 5,330
100% 09/25/1998 374,676 81,624 293,052 1.38 4,719
100% 09/11/1998 311,134 13,945 297,189 1.49 12,584
100% 11/30/1998 337,478 17,234 320,244 1.47 8,752
100% 08/01/1998 294,701 14,735 279,966 1.38 14,314
100% 10/02/1998 371,092 84,744 286,348 1.51 17,475
100% 09/17/1998 322,562 59,198 263,364 1.40 10,297
100% 07/24/1998 333,393 62,980 270,413 1.70 1,644
100% 09/30/1998 356,710 98,812 257,898 1.57 11,677
100% 11/30/1998 329,215 90,965 238,250 1.48 4,952
100% 06/17/1998 316,230 17,610 298,620 1.79 20,262
100% 10/02/1998 371,721 149,708 222,013 1.48 7,172
100% 02/28/1998 348,588 96,719 251,869 2.08 4,432
100% 08/17/1998 211,000 43,543 167,457 1.68 4,081
100% 09/29/1998 219,037 58,281 160,756 1.51 4,495
100% 06/30/1998 211,668 42,131 169,537 1.82 1,036
100% 09/30/1998 195,717 44,807 150,910 1.77 4,356
100% 08/16/1998 160,831 39,382 121,449 1.46 2,067
100% 08/27/1998 139,362 31,897 107,465 1.55 1,560
100% 09/30/1998 129,248 25,175 104,073 1.78 6,299
100% 09/04/1998 132,194 36,202 95,992 1.84 2,990
100% 10/22/1998 77,343 15,915 61,428 1.36 813
100% 08/04/1998 89,657 26,338 63,319 1.44 775
100% 10/27/1998 102,989 43,729 59,260 1.48 1,843
81% 09/30/1998
77% 09/30/1998
74% 09/30/1998
72% 09/30/1998
75% 09/30/1998
75% 09/30/1998 22,799,640 12,963,369 9,836,271 1.95 985,620
65% 09/30/1998
75% 09/30/1998
79% 09/30/1998
69% 09/30/1998
79% 09/30/1998
73% 09/30/1998 17,185,493 9,934,635 7,250,858 1.97 793,022
68% 07/31/1998 10,157,952 7,655,920 2,502,032 1.69 406,318
74% 09/30/1998 3,102,719 1,830,156 1,272,563 1.57 124,109
68% 07/31/1998
63% 07/31/1998
52% 07/31/1998
6,534,369 4,989,023 1,545,346 1.80 326,718
69% 06/30/1998 1,607,545 875,135 732,410 2.74 80,377
84% 08/31/1998 1,229,631 812,585 417,046 1.66 61,482
71% 06/30/1998 1,079,797 614,427 465,370 1.93 43,192
92% 09/01/1998 7,857,029 4,393,436 3,463,593 3.94 108,807
100% 09/01/1998 1,325,402 316,837 1,008,565 1.40 9,697
100% 06/25/1998 1,347,895 422,378 925,517 1.35 12,180
<CAPTION>
2ND
MOST MOST MOST
U/W RECENT MOST MOST MOST RECENT RECENT
RESERVES END RECENT RECENT RECENT NOI END
PER UNIT DATE REVENUES EXPENSES NOI DSCR DATE
-------- ------ -------- -------- ------ ------ ------
<S> <C> <C> <C> <C> <C> <C>
0.20 12/31/1997 $ 769,234 $ 182,620 $ 586,614 2.02 12/31/1996
0.10
0.10 12/31/1997 648,568 98,943 549,625 2.43
0.11 12/31/1997 426,567 77,183 349,384 1.65 12/31/1996
0.23 12/31/1997 373,996 69,160 304,836 1.53 12/31/1996
0.35
0.19
0.15 12/31/1997 380,628 175,760 204,868 1.08 12/31/1996
0.12
0.03 12/31/1997 275,256 52,377 222,879 1.40
0.25 12/31/1997 399,826 83,265 316,561 1.93 12/31/1996
0.13 06/30/1998 341,331 73,103 268,228 1.67
0.25
0.15 12/31/1997 382,243 100,475 281,768 1.88 12/31/1996
0.10 12/31/1997 350,110 88,028 262,082 2.16 12/31/1996
0.12 12/31/1997 212,193 37,182 175,011 1.75 12/31/1996
0.13 12/31/1997 199,027 53,670 145,357 1.37 12/31/1996
0.06 12/31/1997 218,979 22,363 196,616 2.11
0.15 12/31/1997 193,141 36,546 156,595 1.84 12/31/1996
0.15 12/31/1997 142,810 25,327 117,483 1.41 12/31/1996
0.10 12/31/1997 137,467 25,553 111,914 1.62 12/31/1996
0.31 12/31/1997 132,877 20,879 111,998 1.92 12/31/1996
0.15 12/31/1997 124,833 32,928 91,905 1.76 12/31/1996
0.20
0.09
0.10
1,238.22 12/31/1997 23,392,481 10,738,346 12,654,135 2.50 12/31/1996
1,048.97 12/31/1997 17,773,720 8,765,952 9,007,768 2.44 12/31/1996
1,665.24 12/31/1997 9,925,522 7,046,938 2,878,584 1.94 12/31/1996
1,279.47 12/31/1997 3,220,287 1,662,641 1,557,646 1.92 12/31/1996
652.13 12/31/1997 6,872,177 5,022,623 1,849,554 2.15 12/31/1996
980.21 12/31/1997 1,627,418 768,156 859,262 3.22 12/31/1996
759.04 12/31/1997 1,228,238 764,637 463,601 1.85 12/31/1996
938.96 12/31/1997 1,111,277 584,882 526,395 2.18 12/31/1996
0.24 12/31/1997 7,149,415 4,192,416 2,956,999 3.37 12/31/1996
0.20 12/31/1997 1,287,615 283,843 1,003,772 1.39 12/31/1996
0.41 12/31/1997 1,225,975 314,630 911,345 1.33 12/31/1996
</TABLE>
<PAGE> 34
<TABLE>
<CAPTION>
2ND LARGEST LARGEST
2ND 2ND 2ND MOST LARGEST TENANT TENANT
MOST MOST MOST RECENT TENANT % OF LEASE
RECENT RECENT RECENT NOI LEASED TOTAL EXPIRA-
REVENUES EXPENSES NOI DSCR LARGEST TENANT SF SF TION
-------- -------- ------ ------ -------------- ------ ------- --------
<S> <C> <C> <C> <C> <C> <C> <C>
Hart's Transportation 1,940 23% 05/31/2000
Prism 6,000 100% 11/30/1999
Spar Industries 7,000 74% NAV
Creative Kitchens 22,200 48% 02/28/2000
Collierville Church 16,300 29% NAV
Stabilet 45,000 23% 01/31/2000
$ 764,102 $ 187,492 $ 576,610 1.98 Stabilet 45,000 14% 01/31/2000
Bentek, Inc 49,294 100% 08/31/2016
PTS Furniture 27,244 51% 01/31/2001
388,279 79,839 308,440 1.46 Electrosci, Inc. 5,788 13% 02/28/2000
346,674 67,547 279,127 1.40 EMPaC 36,600 66% 05/30/2008
Magellan Network Systems, Inc. 25,200 100% 09/30/2002
Caravan Trading Company 49,219 67% 06/30/2008
368,864 149,616 219,248 1.15 National Safe 21,900 19% 10/01/1999
Pacific Multi-Grain Foods, Inc. 83,900 100% 09/30/2010
Hi Val Industrial 57,064 100% 08/31/2008
356,121 74,288 281,833 1.72 Lamson Products 13,410 28% NAV
Kitchen Craft 7,490 19% 08/31/2002
Clark Food Service, Inc. 81,225 100% 05/31/2010
345,843 100,206 245,637 1.64 Nailite 4,580 10% 04/30/2002
336,496 78,069 258,427 2.13 Threshold Enterprises, Inc 14,000 32% 09/30/1999
183,083 34,149 148,934 1.49 Sterling Business Forms 25,637 75% 02/28/2001
202,047 51,572 150,475 1.42 Lazer Exhibitor Service 6,000 17% 03/31/2000
Applied Graphics Technologies, Inc. 18,430 100% 12/31/2006
189,965 40,780 149,185 1.75 R & B Enterprises 12,105 42% 04/30/2001
136,210 23,049 113,161 1.36 Animal Hospital of the Valley 4,500 33% 01/01/2001
130,144 21,264 108,880 1.57 Cosmopro, Inc 7,800 50% 03/31/1999
95,291 23,389 71,902 1.23 Walachek Industries, Inc 8,460 41% 04/30/2001
117,338 33,185 84,153 1.62 Hussinger, Keith 4,461 22% 10/31/1999
Air Liquide 4,065 100% 02/28/2008
British Indoor Gardens, Inc 8,610 100% 09/30/2001
Hertz Equipment Rental Corporation 18,430 100% 08/31/2002
20,698,417 11,231,078 9,467,339 1.87
16,724,105 9,647,790 7,076,315 1.92
8,323,678 6,312,951 2,010,727 1.36
2,985,518 1,611,140 1,374,378 1.69
6,482,410 4,621,680 1,860,730 2.16
1,724,706 806,651 918,055 3.44
1,172,658 700,108 472,550 1.88
1,010,531 544,829 465,702 1.93
6,638,685 3,705,909 2,932,776 3.34 Penn Pavilion Associates 16,130 4% 04/30/2003
1,246,854 302,375 944,479 1.31 Headlands Mtg. 5,885 12% 08/11/1999
1,153,542 294,798 858,744 1.25 Townsend & Townsend & Crew 24,215 82% 12/31/2009
<CAPTION>
SECOND SECOND
SECOND LARGEST LARGEST
LARGEST TENANT TENANT
TENANT % OF LEASE
SECOND LARGEST LEASED TOTAL EXPIRA-
TENANT SF SF TION
------ -- -- ----
<C> <C> <C> <C>
Lindsey's TV 1,200 14% 07/31/1999
Legacy Homes 2,461 26% 08/01/2001
Mid South Metals 16,000 34% 07/31/1999
Unique Antiques 10,880 20% 04/30/1999
Diversified Packaging 21,600 11% 01/31/2000
Creative Kitchens 22,200 7% 02/28/2000
PTS Furniture 9,010 17% 01/31/2003
Consolidated Imaging 5,446 13% 06/30/2001
Trinova (Merkel) 19,100 34% 03/14/2002
Caravan Baking 24,641 33% 06/30/2008
All Alum 14,000 12% 07/30/2001
Calzone & Co. 7,500 16% 08/31/2002
Process Label System 6,350 16% 09/30/2000
Cosmic Nail Intl 3,502 7% 06/30/2003
Wolfram Electric, Inc 7,600 17% 06/30/2002
A & J International, Inc. 8,370 25% 06/30/1999
Stag's Leap Wine Cellars 6,000 17% NAV
Syntronics, Inc. 4,000 14% 03/31/2003
Stone Mechanical, Inc 1,800 13% 01/01/2000
AST Berarings 7,800 50% 08/12/2000
South Bay Batting Cages 6,000 29% 03/31/2001
Tsai, Terry 1,533 8% 08/31/1999
450 Retail Realty 12,683 3% 11/30/2012
Maguire/Maguire 2,829 6% 12/31/2001
A G Edwards & Sons, Inc 5,490 18% 10/31/2001
</TABLE>
<PAGE> 35
<TABLE>
<CAPTION>
SE- LOAN
QUENCE NUMBER PROPERTY NAME PROPERTY ADDRESS COUNTY CITY
------ ------ ------------- ---------------- ------ ----
<S> <C> <C> <C> <C> <C>
N237 51092 Trianon Centre 850 Park Shore Drive &
3777 Tamiani Trail N. Collier Naples
N238 51007 The Prado 5600 Roswell Rd. Fulton Atlanta
N239 51158 Uptown Square Office Building 6601-6605 Uptown Blvd, NE Bernalillo Albuquerque
N240 50999 Tenley Medical Office Building 50 & 51 W. Edmonston Dr. Montgomery Rockville
N241 51244 Fairfield Way Office Park 121-129 Fairfield Way DuPage Bloomingdale
N242 51167 Museum Parke Office Building 1350-1450 Central Ave. Los Alamos Los Alamos
N243 51069 Stern Business Center 8901 Farrow Road Richland Columbia
N244 51137 Frontier Regional HQ 2710 Executive Drive Brown Ashwaubenon
N245 51165 195 East Road Office Building 195 East Road Los Alamos Los Alamos
N246 51094 277 Broadway Office Building 277 Broadway Manhattan New York
N247 51016 Glendale Executive Campus 1000 White Horse Rd. Camden Voorhees Township
N248 51255 Naperville Professional Center 608 South Washington St. DuPage Naperville
N249 51367 Park Place of Layton Office Building 579 West Heritage Blvd Salt Lake Layton
N250 51243 282 Second Street 282 Second St. San Francisco San Francisco
N251 51285 2300 McDaniel St. 2280-2320 McDaniel St. Clark North Las Vegas
N252 51309 23201 Mill Creek Drive Building 23201 Mill Creek Dr. Orange Laguna Hills
N253 51026 Montefiore Medical Office Bldg. 3316 Rochambeau Ave. Bronx Bronx
N254 51312 NationsBank Building 9385 North 56th Street Hillsborough Temple Terrace
N255 51295 Columbia Professional Center 10840 Little Pataxent Parkway Howard Columbia
N256 51329 McClelland Office Park 2850 McClelland Drive Larimer Fort Collins
N257 51249 Ygnacio Woods Office Complex 2255 Ygnacio Valley Road Contra Costa Walnut Creek
N258 51130 147 Waverly Place 147 Waverly Place New York New York
N259 51080 Bedford Square Office Building 1314 Bedford Ave. Baltimore Pikesville
N260 51174 UMC Sierra 2202 W. Craig Road Clark North Las Vegas
N261 51172 UMC Quick Care 2031 North Buffalo St. Clark Las Vegas
N262 51311 North County Medical Dental Center 9855 Erma Rd. San Diego San Diego
N263 51241 Dee Building 4916 El Camino Real Santa Clara Los Altos
N264 51238 6501 Van Nuys Building 6501 Van Nuys Blvd. Los Angeles Van Nuys
N265 51338 Sutter Medical Office Clinic 12811 Covey Circle Tuolomne Sonora
N266 51368 Contra Costa Water District Building 2300 Stanwell Dr. Contra Costa Concord
N267 51259 Louisville Medical/Dental 325-333 S. Boulder Rd Boulder Louisville
N268 51275 Calabasas Office Building 4766 Park Granada Blvd Los Angeles Calabasas
N269 51296 Green Street Building 918 East Green St. Los Angeles Pasedena
N270 51235 420 Building 420 West Lake Cook Road Lake County Deerfield
N271 51236 Marriott Center 4701 Patrick Henry Dr.,
Buildings 17 and 19 Santa Clara Santa Clara
N272 51211 Fountain Bell Office Building 10240 West Bell Road Maricopa Sun City
N273 51313 Rafael North Executive Park 155 North Redwood Dr. Marin San Rafael
N274 51376 RE/Max West Building 5440 Ward Road Jefferson Arvada
N275 50121 5450 NW Central 5450 Northwest Central Drive Harris Houston
N276 51434 Starling Office Building 7798 Starling Drive San Diego San Diego
N277 51402 2111 Business Center Drive 2111 Business Center Drive Orange Irvine
N278 51273 Custom Research Building 10301 Wayzata Blvd. Hennepin Minnetonka
N279 51240 San Clemente Office Building 111/115 Calle De Industrias Orange San Clemente
N280 51373 Garden Road Office Plaza 2150 Garden Road Monterey Monterey
N281 51166 600 6th Street Office Building 600 6th St. Los Alamos Los Alamos
N282 51274 Ventura Blvd Retail 18061, 18063 & 18065
Ventura Blvd Los Angeles Encino
N283 51293 Country Club Offices, Ltd 7490 Clubhouse Road Boulder Boulder
N284 51371 Liberty Square Office 914 North San Francisco
Street Coconino Flagstaff
N285 50915 Oak Tree Villas Assisted Living 3108 W. Truman Blvd. Cole Jefferson City
N286 50912 Westphalia Retirement Center HCR-65, Box 6 Osage Westphalia
N287 50913 DeSoto Residential Care Apartments 1710 Koch Lane Jefferson DeSoto
N288 50914 Indian Hills Retirement Village 2601 Fair Street Livingston Chillicothe
SUB-TOTAL CROSSED LOANS
N289 50312 Westminster Retirement Residence 11 East Augusta Place Greenville Greenville
N290 51150 Pilgrim Manor of Bossier City North Nursing
Home 1524 Doctors Drive Bossier Bossier City
N291 50828 Community Programs, Inc 423 West Landis Ave Cumberland Vineland
N292 51015 Brighton Court Retirement Center 1308 N. Vercler Rd Spokane Spokane
N293 51148 The Vyne at Meadows Park 12221 West Maple Street Sedgwick Wichita
N294 51149 Mayfair Portsmouth 901 Enterprise Way Portsmouth Portsmouth City
</TABLE>
<PAGE> 36
ANNEX A
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
<TABLE>
<CAPTION>
ADMINI-
CUT-OFF MATURITY STRATIVE SUB- NET
ZIP PROPERTY ORIGINAL DATE DATE LOAN MORTGAGE FEE SERVICING MORTGAGE
STATE CODE TYPE BALANCE BALANCE BALANCE TYPE RATE RATE(1) FEE RATE RATE
- ----- ---- ---------- -------- ------- -------- -------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FL 34103 Office $6,100,000 $6,081,800 $5,280,447 Balloon 6.650% 0.143% 0.100% 6.507%
GA 30342 Office 5,300,000 5,265,145 4,267,875 Balloon 7.120% 0.143% 0.100% 6.977%
NM 87110 Office 4,800,000 4,789,997 4,192,788 Balloon 7.000% 0.143% 0.100% 6.857%
MD 20852 Office 4,348,000 4,319,405 3,501,268 Balloon 7.120% 0.143% 0.100% 6.977%
IL 60108 Office 4,200,000 4,185,030 3,668,322 Balloon 6.995% 0.143% 0.100% 6.852%
NM 87544 Office 4,000,000 3,991,665 3,493,990 Balloon 7.000% 0.143% 0.100% 6.857%
SC 29203 Office 4,000,000 3,982,388 3,208,697 Balloon 6.990% 0.143% 0.100% 6.847%
WI 54304 Office 3,848,000 3,829,161 2,583,754 Balloon 7.000% 0.143% 0.100% 6.857%
NM 87544 Office 3,705,000 3,692,937 2,983,321 Balloon 7.125% 0.143% 0.100% 6.982%
NY 10007 Office 3,490,000 3,482,727 2,676,663 Balloon 7.000% 0.143% 0.100% 6.857%
NJ 08043 Office 3,325,000 3,310,913 2,902,594 Balloon 6.970% 0.143% 0.100% 6.827%
IL 60540 Office 3,075,000 3,063,323 2,667,595 Balloon 6.740% 0.143% 0.100% 6.597%
UT 84041 Office 2,600,000 2,595,890 2,328,231 Balloon 8.000% 0.143% 0.100% 7.857%
CA 94105 Office 2,500,000 2,490,643 2,172,217 Balloon 6.799% 0.143% 0.100% 6.656%
NV 89030 Office 2,415,000 2,407,757 2,089,398 Balloon 6.630% 0.143% 0.100% 6.487%
CA 92653 Office 2,300,000 2,292,305 1,965,911 Balloon 6.196% 0.143% 0.100% 6.053%
NY 10467 Office 2,270,000 2,175,462 Fully
Amortizing 7.250% 0.143% 0.100% 7.107%
FL 33617 Office 2,118,750 2,112,591 1,839,069 Balloon 6.750% 0.143% 0.100% 6.607%
MD 21046 Office 2,075,000 2,068,438 1,784,956 Balloon 6.422% 0.143% 0.100% 6.279%
CO 80525 Office 2,000,000 1,995,966 1,752,687 Balloon 7.125% 0.143% 0.100% 6.982%
CA 94549 Office 2,000,000 1,988,064 1,590,082 Balloon 6.714% 0.143% 0.100% 6.571%
NY 10014 Office 1,800,000 1,783,814 Fully
Amortizing 7.375% 0.143% 0.100% 7.232%
MD 21208 Office 1,775,000 1,770,313 1,555,440 Balloon 7.110% 0.143% 0.100% 6.967%
NV 89031 Office 1,687,000 1,683,485 1,473,591 Balloon 7.000% 0.143% 0.100% 6.857%
NV 89128 Office 1,675,000 1,671,510 1,463,108 Balloon 7.000% 0.143% 0.100% 6.857%
CA 92131 Office 1,650,000 1,645,511 1,441,756 Balloon 7.000% 0.143% 0.100% 6.857%
CA 94022 Office 1,600,000 1,594,681 1,407,349 Balloon 7.268% 0.143% 0.100% 7.125%
CA 91401 Office 1,600,000 1,575,286 Fully
Amortizing 7.382% 0.143% 0.100% 7.239%
CA 95370 Office 1,500,000 1,496,874 1,310,246 Balloon 7.000% 0.143% 0.100% 6.857%
CA 94520 Office 1,500,000 1,492,534 1,047,710 Balloon 7.580% 0.143% 0.100% 7.437%
CO 80027 Office 1,400,000 1,394,555 1,211,295 Balloon 6.642% 0.143% 0.100% 6.499%
CA 91302 Office 1,350,000 1,346,466 1,183,963 Balloon 7.141% 0.143% 0.100% 6.998%
CA 91106 Office 1,350,000 1,345,625 1,158,139 Balloon 6.325% 0.143% 0.100% 6.182%
IL 60015 Office 1,350,000 1,345,472 1,186,422 Balloon 7.234% 0.143% 0.100% 7.091%
CA 95054 Office 1,350,000 1,345,450 1,185,845 Balloon 7.215% 0.143% 0.100% 7.072%
AZ 85351 Office 1,312,605 1,307,673 1,159,272 Balloon 7.423% 0.143% 0.100% 7.280%
CA 94903 Office 1,250,000 1,246,825 1,099,340 Balloon 7.250% 0.143% 0.100% 7.107%
CO 80002 Office 1,125,000 1,122,805 989,056 Balloon 7.250% 0.143% 0.100% 7.107%
TX 77092 Office 1,050,000 1,039,767 988,200 Balloon 8.350% 0.168% 0.125% 8.182%
CA 92123 Office 1,000,000 999,575 898,475 Balloon 8.145% 0.143% 0.100% 8.002%
CA 92612 Office 1,000,000 999,086 894,954 Balloon 7.960% 0.143% 0.100% 7.817%
MN 55305 Office 1,000,000 997,231 872,273 Balloon 6.934% 0.143% 0.100% 6.791%
CA 92672 Office 1,000,000 996,345 871,110 Balloon 6.895% 0.143% 0.100% 6.752%
CA 93940 Office 945,000 943,937 833,188 Balloon 7.350% 0.143% 0.100% 7.207%
NM 87544 Office 920,000 917,077 743,615 Balloon 7.250% 0.143% 0.100% 7.107%
CA 91316 Office 900,000 897,857 796,118 Balloon 7.479% 0.143% 0.100% 7.336%
CO 80301 Office 700,000 698,063 610,639 Balloon 6.937% 0.143% 0.100% 6.794%
AZ 86001 Office 575,000 573,995 510,591 Balloon 7.650% 0.143% 0.100% 7.507%
MO 65109 Health Care 3,900,000 3,876,523 3,183,247 Balloon 7.570% 0.143% 0.100% 7.427%
MO 65085 Health Care 3,150,000 3,131,038 2,571,084 Balloon 7.570% 0.143% 0.100% 7.427%
MO 63020 Health Care 2,900,000 2,882,543 2,367,030 Balloon 7.570% 0.143% 0.100% 7.427%
MO 64601 Health Care 2,200,000 2,186,756 1,795,678 Balloon 7.570% 0.143% 0.100% 7.427%
---------- ---------
12,076,860 9,917,039
SC 29605 Health Care 7,200,000 7,090,058 5,854,903 Balloon 7.450% 0.143% 0.100% 7.307%
LA 71111 Health Care 5,400,000 5,384,476 4,429,798 Balloon 7.750% 0.143% 0.100% 7.607%
NJ 08360 Health Care 3,940,000 3,914,704 3,568,824 Balloon 8.730% 0.393% 0.350% 8.337%
WA 99216 Health Care 3,500,000 3,481,612 2,841,004 Balloon 7.390% 0.143% 0.100% 7.247%
KS 67235 Health Care 2,489,631 2,482,290 2,034,893 Balloon 7.625% 0.143% 0.100% 7.482%
VA 23704 Health Care 2,150,000 2,143,335 1,744,336 Balloon 7.375% 0.143% 0.100% 7.232%
<CAPTION>
FIRST INTEREST
NOTE PAYMENT ACCRUAL
STATE DATE DATE METHOD
- ----- ---- ------- --------
<S> <C> <C> <C>
FL 09/17/98 11/01/98 Actual/360
GA 07/31/98 09/01/98 Actual/360
NM 10/26/98 12/01/98 Actual/360
MD 07/14/98 09/01/98 Actual/360
IL 08/20/98 10/01/98 Actual/360
NM 10/30/98 12/01/98 Actual/360
SC 09/21/98 11/01/98 Actual/360
WI 10/30/98 12/01/98 Actual/360
NM 10/30/98 12/01/98 Actual/360
NY 10/29/98 12/01/98 Actual/360
NJ 07/09/98 09/01/98 Actual/360
IL 08/26/98 10/01/98 Actual/360
UT 10/20/98 12/01/98 Actual/360
CA 08/24/98 10/01/98 Actual/360
NV 09/08/98 11/01/98 Actual/360
CA 09/09/98 11/01/98 Actual/360
NY
10/30/98 12/01/98 Actual/360
FL 09/04/98 11/01/98 Actual/360
MD 09/18/98 11/01/98 Actual/360
CO 09/25/98 12/01/98 Actual/360
CA 08/19/98 10/01/98 Actual/360
NY
10/30/98 12/01/98 Actual/360
MD 09/10/98 11/01/98 Actual/360
NV 10/29/98 12/01/98 Actual/360
NV 10/28/98 12/01/98 Actual/360
CA 09/22/98 11/01/98 Actual/360
CA 08/18/98 10/01/98 Actual/360
CA
08/03/98 10/01/98 30/360
CA 10/09/98 12/01/98 Actual/360
CA 10/19/98 12/01/98 Actual/360
CO 08/24/98 10/01/98 Actual/360
CA 08/25/98 11/01/98 Actual/360
CA 09/01/98 11/01/98 Actual/360
IL 08/11/98 10/01/98 Actual/360
CA 08/12/98 10/01/98 Actual/360
AZ 07/28/98 09/01/98 Actual/360
CA 09/25/98 11/01/98 Actual/360
CO 10/07/98 12/01/98 Actual/360
TX 07/31/97 09/01/97 Actual/360
CA 12/01/98 02/01/99 Actual/360
CA 11/19/98 01/01/99 Actual/360
MN 08/28/98 11/01/98 Actual/360
CA 08/05/98 10/01/98 Actual/360
CA 10/30/98 01/01/99 Actual/360
NM 10/30/98 12/01/98 Actual/360
CA 08/24/98 11/01/98 Actual/360
CO 09/03/98 11/01/98 Actual/360
AZ 10/30/98 12/01/98 Actual/360
MO 07/01/98 09/01/98 Actual/360
MO 07/01/98 09/01/98 Actual/360
MO 07/01/98 09/01/98 Actual/360
MO 07/01/98 09/01/98 Actual/360
SC 11/13/97 01/01/98 Actual/360
LA 10/30/98 12/01/98 Actual/360
NJ 05/01/98 07/01/98 Actual/360
WA 08/14/98 10/01/98 Actual/360
KS 10/29/98 12/01/98 Actual/360
VA 10/30/98 12/01/98 Actual/360
</TABLE>
<PAGE> 37
<TABLE>
<CAPTION>
ORIGINAL ORIGINAL REMAINING
TERM TO AMORTIZATION TERM TO CROSS- LOCKOUT
MONTHLY MATURITY TERM SEASONING MATURITY MATURITY COLLATERALIZED RELATED EXPIRATION PREPAYMENT PENALTY
PAYMENT (MONTHS) (MONTHS) (II) (MONTHS) (MONTHS) DATE LOANS LOANS DATE DESCRIPTION (MONTHS)
------- --------- ------------- --------- -------- -------- -------------- ------- ---------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
$39,160 120 360 4 116 10/01/08 No No 06/01/08 LO(116)/OPEN(4)/DEFEASANCE
37,866 120 300 6 114 08/01/08 No No 03/31/08 LO(115)/OPEN(5)/DEFEASANCE
31,935 120 360 3 117 11/01/08 No No 07/01/08 LO(116)/OPEN(4)/DEFEASANCE
31,064 120 300 6 114 08/01/08 No Yes(Q) 03/31/08 LO(115)/OPEN(5)/DEFEASANCE
27,929 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
26,612 120 360 3 117 11/01/08 No Yes(S) 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
28,246 120 300 4 116 10/01/08 No Yes(O) 05/31/08 LO(115)/OPEN(5)/DEFEASANCE
29,186 132 252 3 129 11/01/09 No Yes(E) 06/30/09 LO(127)/OPEN(5)/DEFEASANCE
26,482 120 300 3 117 11/01/08 No No 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
23,219 180 360 3 177 11/01/13 No No 07/01/13 LO(176)/OPEN(4)/DEFEASANCE
22,054 120 360 6 114 08/01/08 No Yes(Q) 03/31/08 LO(115)/OPEN(5)/DEFEASANCE
19,924 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
19,078 120 360 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
16,296 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
15,471 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
14,081 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
45,335 60 60 3 57 11/01/03 No No 06/30/03 LO(55)/OPEN(5)/DEFEASANCE
13,742 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
13,009 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
13,474 120 360 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
13,773 120 300 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
16,669 180 180 3 177 11/01/13 No No 07/01/13 LO(176)/OPEN(4)/DEFEASANCE
11,941 120 360 4 116 10/01/08 No No 05/31/08 LO(115)/OPEN(5)/DEFEASANCE
11,224 120 360 3 117 11/01/08 No No 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
11,144 120 360 3 117 11/01/08 No No 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
10,977 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
10,934 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
14,725 180 180 5 175 09/01/13 No No 07/02/13 LO(178)/OPEN(2)/DEFEASANCE
9,980 120 360 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
12,157 120 240 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
8,980 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
9,110 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
8,378 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
9,195 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
9,177 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
9,109 120 360 6 114 08/01/08 No No 06/01/08 LO(118)/OPEN(2)/DEFEASANCE
8,527 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
7,674 120 360 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
7,962 84 360 18 66 08/01/04 No No 07/31/00 LO(36)/GRTR1%PPMTorYM(42)/
OPEN(6)
7,439 120 360 1 119 01/01/09 No No 11/01/08 LO(118)/OPEN(2)/DEFEASANCE
7,310 120 360 2 118 12/01/08 No No 10/01/08 LO(118)OPEN(2)DEFEASANCE
6,609 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
6,583 120 360 5 115 09/01/08 No No 07/02/08 LO(118)/OPEN(2)/DEFEASANCE
6,511 120 360 2 118 12/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
6,650 120 300 3 117 11/01/08 No Yes(S) 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
6,280 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
4,628 120 360 4 116 10/01/08 No No 08/01/08 LO(118)/OPEN(2)/DEFEASANCE
4,080 120 360 3 117 11/01/08 No No 09/01/08 LO(118)/OPEN(2)/DEFEASANCE
28,998 120 300 6 114 08/01/08 Yes(4) Yes(T) 03/31/08 LO(115)/OPEN(5)/DEFEASANCE
23,422 120 300 6 114 08/01/08 Yes(4) Yes(T) 03/31/08 LO(115)/OPEN(5)/DEFEASANCE
21,563 120 300 6 114 08/01/08 Yes(4) Yes(T) 03/31/08 LO(115)/OPEN(5)/DEFEASANCE
16,358 120 300 6 114 08/01/08 Yes(4) Yes(T) 03/31/08 LO(115)/OPEN(5)/DEFEASANCE
52,973 120 300 14 106 12/01/07 No No 11/30/01 LO(47)/GRTR1%PPMTorYM(66)/
OPEN(7)
40,788 120 300 3 117 11/01/08 No No 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
32,339 84 300 8 76 06/01/05 No No 01/31/05 LO(79)/OPEN(5)/DEFEASANCE
25,615 120 300 5 115 09/01/08 No No 04/30/08 LO(115)/OPEN(5)/DEFEASANCE
18,601 120 300 3 117 11/01/08 No No 06/30/08 LO(115)/OPEN(5)/DEFEASANCE
15,714 120 300 3 117 11/01/08 No No 06/30/98 LO(115)/OPEN(5)/DEFEASANCE
</TABLE>
<PAGE> 38
<TABLE>
<CAPTION>
LOAN
CUT- BALANCE
OFF TOTAL SF/ NET PER
DATE YEAR UNITS/ UNIT/ RENTABLE SF/UNIT/
SE- LOAN APPRAISAL APPRAISAL LTV BUILT/ ROOM/ ROOM/ AREA ROOM/
QUENCE NUMBER PROPERTY NAME VALUE DATE RATIO RENOVATED BED BED (SF) BED
- ------ ------ ------------- ----- ---- ----- --------- --- --- ---- ---
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
N237 51092 Trianon Centre $ 8,890,000 07/23/98 68% 1989 44,295 SF 44,295 137
N238 51007 The Prado 10,800,000 03/27/98 49% 1972 179,951 SF 179,951 29
N239 51158 Uptown Square Office Building 6,150,000 09/09/98 78% 1983 48,974 SF 48,974 98
N240 50999 Tenley Medical Office Building 5,750,000 05/01/98 75% 1965 50,328 SF 50,328 86
N241 51244 Fairfield Way Office Park 7,000,000 07/14/98 60% 1989 97,563 SF 97,563 43
N242 51167 Museum Parke Office Building 5,100,000 08/31/98 78% 1992 32,482 SF 32,482 123
N243 51069 Stern Business Center 5,000,000 06/18/98 80% 1986 81,742 SF 81,742 49
N244 51137 Frontier Regional HQ 4,810,000 07/17/98 80% 1986/1997 36,817 SF 36,817 104
N245 51165 195 East Road Office Building 4,900,000 08/31/98 75% 1994 56,249 SF 56,249 66
N246 51094 277 Broadway Office Building 8,300,000 06/30/98 42% 1904 84,382 SF 84,382 41
N247 51016 Glendale Executive Campus 4,250,000 05/21/98 78% 1986 52,564 SF 52,564 63
N248 51255 Naperville Professional Center 4,100,000 06/15/98 75% 1984 34,972 SF 34,972 88
N249 51367 Park Place of Layton Office Buildin 3,700,000 07/27/98 70% 1997 29,876 SF 29,876 87
N250 51243 282 Second Street 5,310,000 07/14/98 47% 1908/1983 28,639 SF 28,639 87
N251 51285 2300 McDaniel St. 3,450,000 06/25/98 70% 1992 21,159 SF 21,159 114
N252 51309 23201 Mill Creek Drive Building 3,440,000 07/14/98 67% 1982 25,133 SF 25,133 91
N253 51026 Montefiore Medical Office Bldg. 5,750,000 06/04/98 38% 1993 19,500 SF 19,500 112
N254 51312 NationsBank Building 2,825,000 04/20/98 75% 1960/1977 26,373 SF 26,373 80
N255 51295 Columbia Professional Center 3,650,000 07/15/98 57% 1974/1986 30,793 SF 30,793 67
N256 51329 McClelland Office Park 3,000,000 08/14/98 67% 1984 34,184 SF 34,184 58
N257 51249 Ygnacio Woods Office Complex 3,900,000 07/09/98 51% 1980 36,243 SF 36,243 55
N258 51130 147 Waverly Place 5,100,000 07/01/98 35% 1912 56,000 SF 56,000 32
N259 51080 Bedford Square Office Building 2,450,000 07/13/98 72% 1984/1985 26,417 SF 26,417 67
N260 51174 UMC Sierra 2,250,000 08/28/98 75% 1998 8,566 SF 8,566 197
N261 51172 UMC Quick Care 2,650,000 07/20/98 63% 1997 8,335 SF 8,335 201
N262 51311 North County Medical Dental Center 3,400,000 07/17/98 48% 1974 31,348 SF 31,348 52
N263 51241 Dee Building 2,150,000 07/07/98 74% 1968 12,388 SF 12,388 129
N264 51238 6501 Van Nuys Building 1,960,000 04/23/98 80% 1957 25,805 SF 25,805 61
N265 51338 Sutter Medical Office Clinic 2,050,000 09/18/98 73% 1998 9,352 SF 9,352 160
N266 51368 Contra Costa Water District Building 2,285,000 08/13/98 65% 1978/1996 21,600 SF 21,600 69
N267 51259 Louisville Medical/Dental 2,180,000 07/10/98 64% 1984 19,247 SF 19,247 72
N268 51275 Calabasas Office Building 1,800,000 07/09/98 75% 1978 16,816 SF 16,816 80
N269 51296 Green Street Building 1,800,000 05/06/98 75% 1951/1994 17,435 SF 17,435 77
N270 51235 420 Building 1,800,000 05/12/98 75% 1954/1985 20,492 SF 20,492 66
N271 51236 Marriott Center 2,250,000 07/07/98 60% 1981 10,992 SF 10,992 122
N272 51211 Fountain Bell Office Building 1,760,000 06/02/98 74% 1975 18,148 SF 18,148 72
N273 51313 Rafael North Executive Park 1,800,000 09/04/98 69% 1981 10,838 SF 10,838 115
N274 51376 RE/Max West Building 1,500,000 08/24/98 75% 1982 18,221 SF 18,221 62
N275 50121 5450 NW Central 1,850,000 04/09/97 56% 1981 57,299 SF 57,299 18
N276 51434 Starling Office Building 1,860,000 10/02/98 54% 1975 20,582 SF 20,582 49
N277 51402 2111 Business Center Drive 2,100,000 09/01/98 48% 1978 16,438 SF 16,438 61
N278 51273 Custom Research Building 1,325,000 07/21/98 75% 1980/1988 15,000 SF 15,000 66
N279 51240 San Clemente Office Building 2,230,000 06/03/98 45% 1980 6,020 SF 6,020 166
N280 51373 Garden Road Office Plaza 1,450,000 08/24/98 65% 1977 19,124 SF 19,124 49
N281 51166 600 6th Street Office Building 1,475,000 08/31/98 62% 1940/1988 12,188 SF 12,188 75
N282 51274 Ventura Blvd Retail 1,200,000 03/31/98 75% 1955/1978 5,600 SF 5,600 160
N283 51293 Country Club Offices, Ltd 1,310,000 07/20/98 53% 1978 13,263 SF 13,263 53
N284 51371 Liberty Square Office 800,000 09/01/98 72% 1986 8,567 SF 8,567 67
N285 50915 Oak Tree Villas Assisted Living 5,200,000 04/01/98 75% 1984/1997 93 Beds 68,029 41,683
N286 50912 Westphalia Retirement Center 4,200,000 04/01/98 75% 1994/1998 58 Beds 25,923 53,983
N287 50913 DeSoto Residential Care Apartments 4,100,000 04/01/98 70% 1984/1992 98 Beds 67,875 29,414
N288 50914 Indian Hills Retirement Village 4,100,000 04/01/98 53% 1974/1997 111 Beds 46,815 19,701
SUB-TOTAL CROSSED LOANS ---------
17,600,000
N289 50312 Westminster Retirement Residence
N290 51150 Pilgrim Manor of Bossier City
North Nursing Home 9,600,000 09/16/97 74% 1997 115 Units 88,051 61,653
N291 50828 Community Programs, Inc 7,200,000 07/01/98 75% 1974 178 Beds 48,000 30,250
N292 51015 Brighton Court Retirement Center 6,200,000 02/01/98 63% 1913/1991 250 Units 20,135 15,659
N293 51148 The Vyne at Meadows Park 4,800,000 05/09/98 73% 1988/1997 52 Units 36,683 66,954
N294 51149 Mayfair Portsmouth 3,400,000 09/15/98 73% 1996 44 Beds 31,400 56,416
4,200,000 09/17/98 51% 1988 75 Beds 27,321 28,578
</TABLE>
<PAGE> 39
ANNEX A
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
<TABLE>
<CAPTION>
OCCUPANCY U/W U/W
OCCUPANCY AS OF U/W U/W U/W NOI U/W RESERVES
PRESENT DATE REVENUES EXPENSES NOI DSCR RESERVES PER UNIT
------- ---- -------- -------- --- ---- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C>
98% 06/30/98 993,765 229,556 764,209 1.63 10,336 0.23
93% 07/09/98 2,232,485 1,364,540 867,945 1.91 49,567 0.28
100% 08/30/98 779,138 227,648 551,490 1.44 9,795 0.20
78% 10/01/98 873,465 335,900 537,565 1.44 15,098 0.30
90% 09/02/98 1,208,680 547,923 660,757 1.97 14,634 0.15
100% 10/22/98 640,382 195,119 445,263 1.39 5,008 0.15
100% 06/30/98 730,269 184,680 545,589 1.61 20,436 0.25
100% 10/19/98 681,445 225,525 455,920 1.30 12,272 0.33
96% 10/22/98 641,127 200,056 441,071 1.39 4,716 0.08
97% 10/01/98 1,615,861 922,074 693,787 2.49 20,229 0.24
98% 10/01/98 679,325 260,618 418,707 1.58 10,513 0.20
98% 08/01/98 664,100 268,038 396,062 1.66 5,786 0.17
100% 10/13/98 478,375 125,324 353,051 1.54 3,161 0.11
100% 08/19/98 699,707 237,069 462,638 2.37 7,162 0.25
100% 08/21/98 398,400 78,377 320,023 1.72 3,159 0.15
100% 08/01/98 460,516 184,826 275,690 1.63 4,312 0.17
100% 07/08/98 677,017 15,490 661,527 1.22 2,925 0.15
98% 05/01/98 457,716 162,104 295,612 1.79 7,532 0.29
95% 08/18/98 466,799 89,350 377,449 2.42 9,896 0.32
100% 09/01/98 492,090 195,342 296,748 1.84 16,406 0.48
100% 08/05/98 604,469 248,730 355,739 2.15 11,972 0.33
100% 10/13/98 749,681 422,362 327,319 1.64 11,200 0.20
100% 11/20/98 334,428 112,184 222,244 1.55 3,980 0.15
100% 10/06/98 245,650 54,829 190,821 1.42 1,275 0.15
100% 10/01/98 282,308 48,061 234,247 1.75 1,584 0.19
87% 08/01/98 457,056 179,567 277,489 2.11 12,700 0.41
100% 08/06/98 300,119 89,559 210,560 1.60 5,867 0.47
100% 05/01/98 397,670 123,971 273,699 1.55 6,217 0.24
100% 10/06/98 203,631 37,941 165,690 1.38 1,403 0.15
100% 10/13/98 269,466 51,892 217,574 1.49 3,240 0.15
100% 08/21/98 262,594 67,306 195,288 1.81 12,749 0.66
100% 08/01/98 298,854 125,793 173,061 1.58 2,859 0.17
100% 08/31/98 302,483 106,663 195,820 1.95 8,404 0.48
100% 08/14/98 297,384 101,267 196,117 1.78 4,513 0.22
100% 08/14/98 156,636 6,265 150,371 1.37 7,063 0.64
100% 07/22/98 280,020 108,836 171,184 1.57 4,868 0.27
100% 09/24/98 263,343 85,620 177,723 1.74 1,055 0.10
100% 08/01/98 227,227 95,392 131,835 1.43 3,412 0.19
97% 07/16/98 470,908 314,230 156,678 1.64 12,606 0.22
100% 11/10/98 256,611 109,201 147,410 1.65 5,057 0.25
100% 09/03/98 266,318 91,929 174,389 1.99 7,285 0.44
100% 08/01/98 279,537 141,450 138,087 1.74 7,197 0.48
100% 07/29/98 191,004 53,644 137,360 1.74 2,403 0.40
87% 08/11/98 190,738 58,067 132,671 1.70 3,246 0.17
100% 09/30/98 218,502 90,628 127,874 1.60 3,047 0.25
100% 12/01/98 135,638 24,015 111,623 1.48 840 0.15
100% 06/30/98 210,775 109,698 101,077 1.82 2,061 0.16
100% 09/10/98 111,323 32,420 78,903 1.61 1,713 0.20
89% 10/31/98 2,194,194 1,663,552 530,642 1.52 28,830 310.00
88% 10/31/98 1,777,560 1,376,740 400,820 1.43 14,750 254.31
79% 10/31/98 1,924,889 1,557,463 367,426 1.42 25,774 263.00
77% 10/31/98 2,420,899 2,118,070 302,829 1.54 28,250 254.50
100% 09/30/98 1,856,611 856,132 1,000,479 1.57 28,750 250.00
91% 09/30/98 3,886,194 3,204,052 682,142 1.39 44,750 251.40
63% 06/30/98 2,565,931 1,955,276 610,655 1.57 3,899 15.60
96% 06/30/98 1,203,028 751,970 451,058 1.47 12,750 245.19
93% 09/30/98 984,566 683,389 301,177 1.35 11,000 250.00
85% 09/30/98 1,306,665 1,003,996 302,669 1.61 18,750 250.00
<CAPTION>
2ND
MOST MOST MOST
RECENT MOST MOST MOST RECENT RECENT
END RECENT RECENT RECENT NOI END
DATE REVENUES EXPENSES NOI DSCR DATE
---- -------- -------- --- ---- ----
<C> <C> <C> <C> <C> <C>
12/31/97 997,954 221,225 776,729 1.65 12/31/96
12/31/97 1,969,671 1,117,663 852,008 1.88 12/31/96
12/31/97 838,463 180,734 657,729 1.72 12/31/96
12/31/97 889,595 313,638 575,957 1.55 12/31/96
12/31/97 997,024 512,578 484,446 1.45 12/31/96
12/31/97 667,707 191,762 475,945 1.49 12/31/96
12/31/97 760,781 141,989 618,792 1.83 12/31/96
12/31/97 612,572 158,588 453,984 1.43 12/31/96
12/31/97 1,751,601 860,196 891,405 3.20 12/31/96
12/31/97 701,667 248,245 453,422 1.71 12/31/96
12/31/97 717,439 267,590 449,849 1.88 12/31/96
12/31/97 614,841 205,298 409,543 2.09 12/31/96
12/31/97 421,571 73,791 347,780 1.87 12/31/96
12/31/97 561,063 160,152 400,911 2.37 12/31/96
12/31/97 576,497 0 576,497 1.06 12/31/96
12/31/97 503,882 149,940 353,942 2.15 12/31/96
12/31/97 429,943 85,834 344,109 2.20 12/31/96
12/31/97 538,557 187,691 350,866 2.17 12/31/96
12/31/97 586,658 238,977 347,681 2.10 12/31/96
12/31/97 802,221 389,817 412,404 2.06 12/31/96
12/31/97 359,198 115,551 243,647 1.70 12/31/96
12/31/97 440,794 153,108 287,686 2.18 12/31/96
12/31/97 243,310 55,349 187,961 1.43 12/31/96
12/31/97 408,648 114,922 293,726 1.66 12/31/96
12/31/97 285,120 59,140 225,980 1.55 12/31/96
12/31/97 326,753 44,893 281,860 2.62
12/31/97 312,716 99,255 213,461 1.95 12/31/96
12/31/97 303,096 91,809 211,287 2.10 12/31/96
12/31/97 299,300 86,936 212,364 1.92
12/31/97 162,518 0 162,518 1.48
12/31/97 301,252 85,506 215,746 1.97 12/31/96
12/31/97 244,529 80,973 163,556 1.60 12/31/96
12/31/97 211,710 82,423 129,287 1.40 12/31/96
12/31/97 497,419 340,570 156,849 1.64 12/31/96
12/31/97 203,577 90,618 112,959 1.27 12/31/96
12/31/97 230,262 83,530 146,732 1.67 12/31/96
12/31/97 211,725 46,765 164,960 2.09 12/31/96
12/31/97 134,412 36,290 98,122 1.26 12/31/96
12/31/97 259,717 79,822 179,895 2.25 12/31/96
12/31/97 171,120 17,400 153,720 2.04 12/31/96
12/31/97 180,708 108,081 72,627 1.31 12/31/96
12/31/97 101,955 29,196 72,759 1.49 12/31/96
12/31/97 2,228,235 1,732,052 496,183 1.43 12/31/96
12/31/97 1,806,361 1,346,615 459,746 1.64 12/31/96
12/31/97 1,982,379 1,561,809 420,570 1.63 12/31/96
12/31/97 2,485,243 2,145,019 340,224 1.73 12/31/96
12/31/97 808,120 734,490 73,630 0.20
12/31/97 3,857,376 2,918,578 938,798 1.92 12/31/96
12/31/97 2,567,254 2,309,308 257,946 0.66 12/31/96
12/31/97 1,159,383 694,769 464,614 1.51
12/31/97 780,455 519,442 261,013 1.17 12/31/96
12/31/97 1,380,557 988,319 392,238 2.08 12/31/96
</TABLE>
<PAGE> 40
<TABLE>
<CAPTION>
2ND LARGEST
2ND 2ND 2ND MOST LARGEST TENANT LARGEST
MOST MOST MOST RECENT TENANT % OF TENANT
RECENT RECENT RECENT NOI LEASED TOTAL LEASE
REVENUES EXPENSES NOI DSCR LARGEST TENANT SF SF EXPIRATION
--------- --------- -------- ----- -------------- ------ ----- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
$ 965,448 $ 209,568 $ 755,880 1.61 Roetzel & Andress 9,218 21% 10/31/03
1,856,489 1,525,688 330,801 0.73 Cityscape 11,926 7% 07/31/01
823,299 196,707 626,592 1.64 NationsBank 14,775 30% 11/30/03
747,106 283,771 463,335 1.24 1st National Bank 5,000 10% 03/31/04
972,861 489,200 483,661 1.44 Outokumpu Cooper (USA) 11,408 12% 08/31/01
663,407 200,889 462,518 1.45 UC-Johnson Controls 13,832 43% 04/30/03
730,993 138,178 592,815 1.75 DHEC 55,834 68% 10/31/04
Frontier Telecommunications 36,817 100% 10/14/09
619,259 164,958 454,301 1.43 U.S. West 19,000 34% 07/31/05
1,702,710 871,210 831,500 2.98 Klein Wagner 5,150 6% 11/30/07
678,375 256,694 421,681 1.59 Garden State I 5,494 10% 08/31/00
697,980 232,737 465,243 1.95 Executive Suites 9,650 28% 12/31/02
First American Title Ins. Co. 15,431 52% 03/15/03
551,057 237,931 313,126 1.60 Aeneid Corp 4,560 16% 03/31/00
396,039 60,747 335,292 1.81 NLVH, Inc. dba Lake Mead Medical Center 7,781 37% 01/01/03
530,862 179,007 351,855 2.08 Professional Equities, Inc. 8,614 34% 03/31/08
549,045 17,503 531,542 0.98 Montefiore 19,500 100% 03/31/03
455,833 159,550 296,283 1.80 NationsBank 15,332 58% 05/01/03
495,194 101,775 393,419 2.52 O'Conner, Piper & Flynn 6,070 20% 03/31/01
482,332 171,368 310,964 1.92 R & R Realty Corp 5,337 16% NAV
576,746 104,370 472,376 2.86 John Muir Medical Foundation 4,867 13% 12/31/00
810,241 405,313 404,928 2.02 Chris Thena Inc. 6,500 12% 12/31/03
364,991 110,912 254,079 1.77 Admiral Mortgage 4,117 16% 04/30/01
UMC 8,566 100% 07/31/08
UMC 8,335 100% 06/01/08
412,652 153,299 259,353 1.97 Our Gang Child Care 7,200 23% 03/31/03
212,915 66,056 146,859 1.12 Brook Furniture 3,522 28% 06/30/02
420,977 119,856 301,121 1.70 U.S. Govt Gen Services-Social Security 15,437 60% 05/30/08
Gould/Sutter Medical Foundation 9,352 100% 06/30/08
274,813 56,621 218,192 1.50 Contra Costa Water District 21,600 100% 10/31/01
Boulder Medical Center 10,222 53% 02/28/05
285,104 90,586 194,518 1.78 Tredent Data Systems 3,735 22% 05/14/00
307,068 71,356 235,712 2.34 E-Z Data 15,896 91% 07/31/06
Lexington Capital 2,692 13% 12/01/01
West Tech ExpoCorp 6,000 55% 08/31/00
295,165 87,652 207,513 1.90 American Express Financial Advisors, Inc 4,859 27% 10/30/00
196,578 74,058 122,520 1.20 Sanifil of California, Inc. 7,685 71% 04/30/00
210,303 76,688 133,615 1.45 Woodside Realty Company, Inc 14,015 77% 09/30/13
393,418 319,496 73,922 0.77 Agape Home Health 6,389 11% 06/30/00
247,387 104,880 142,507 1.60 Dr. Jonathan E. Brahme 4,428 22% 09/14/00
239,363 74,205 165,158 1.88 Met-Rx U.S.A. Inc. 8,765 53% 07/31/99
Bell American Mortgage 15,000 100% 07/31/08
182,684 46,792 135,892 1.72 Citizens Thrift & Loan 3,010 50% NAV
153,792 30,651 123,141 1.58 R. MacDonald Studios, Inc. 8,110 42% 06/30/99
248,664 76,755 171,909 2.15 Merrick & Company 9,720 80% 07/14/03
191,160 19,212 171,948 2.28 Functional Restoration Medical Center 3,200 57% 05/31/02
186,308 104,019 82,289 1.48 Colorado Center for Metabolic Medicine 4,172 31% 08/31/02
92,159 28,078 64,081 1.31 AHCCCS 2,500 29% 12/31/99
2,184,210 1,721,145 463,065 1.33
1,609,519 1,227,970 381,549 1.36
1,859,715 1,511,182 348,533 1.35
2,588,071 2,215,552 372,519 1.90
3,832,027 2,920,027 912,000 1.86
2,320,267 2,030,817 289,450 0.75
104,185 426,359 (322,174) (4.33)
1,227,717 913,503 314,214 1.67
<CAPTION>
SECOND
SECOND LARGEST SECOND
LARGEST TENANT LARGEST
TENANT % OF TENANT
SECOND LARGEST LEASED TOTAL LEASE
TENANT SF SF EXPIRATION
------ -- -- ----------
<C> <C> <C> <C>
AG Edwards 8,667 20% 02/28/04
Prado Executive Suites 9,489 5% MTM
Ned's 7,064 14% 04/30/03
Calimar, LLC 3,580 7% 06/13/06
Midwest Technical Inspection, Inc 5,946 6% 07/31/00
UC-Museum Park 13,075 40% 04/30/03
Physicians Sales 16,000 20% 02/28/01
Los Alamos Fire Dept. 6,800 12% 10/31/99
Broadway-Chamber 4,652 6% 03/31/01
Insurance Marketing 4,619 9% NAV
Humana Health Plan, Inc. 7,461 21% 07/31/01
Park Place Suites 12,350 41% 02/15/03
Intergraph 4,110 14% 01/09/03
Renal Treatment Center-West, Inc. 7,570 36% 06/30/07
Magellan Software, Inc. 7,028 28% 04/30/00
Levin & McMillan 1,322 5% 04/30/02
Automobile Club of Maryland 5,649 18% 03/31/02
USDA Soil Conservation 4,153 12% NAV
EV Free Church 3,357 9% 01/31/02
Snow Owl Cafe Inc. 4,500 8% 12/31/03
Psychogeriatric 2,385 9% 10/31/00
Professional Dental Group 3,625 12% 07/31/01
ScImage, Inc. 2,966 24% 08/31/03
DynCorp Property Management 6,180 24% 04/30/03
Centura Health 2,895 15% 04/30/00
Pauli, William A 2,436 14% 02/28/00
Okuno Associates 1,539 9% 12/31/08
Advantage Advertising 2,120 10% 06/01/05
West Tech ExpoCorp 4,992 45% 08/31/00
Acacia Mutual Life Insurance Co 4,388 24% 02/28/00
U.S. District Court Field Office 2,705 25% 11/30/01
Land Title Guarantee Company 2,382 13% 01/09/01
AG Morgan & Associates 6,073 11% 09/30/00
County of San Diego Probation Dept. 3,769 18% 03/31/01
M.A.Francis and Associates, Inc. 4,099 25% 06/30/02
Sunstone 1,610 27% NAV
Elliot Frame Design, Inc. 4,507 24% 12/31/02
The Plus Group, Inc TAD 1,250 10% 04/30/99
Fastframe, Inc. 1,400 25% 04/30/02
Countrywide Asset Management Corp 4,075 31% 06/30/03
AHCCCS 2,400 28% NAV
</TABLE>
<PAGE> 41
<TABLE>
<CAPTION>
SE- LOAN
QUENCE NUMBER PROPERTY NAME PROPERTY ADDRESS COUNTY CITY
- ------ ------ ------------- ---------------- ------ ----
<S> <C> <C> <C> <C> <C>
N295 51135 Cedar Crossings Apartments 5804 Rosebay Court Frederick Frederick
N296 51012 Northrup Court Apartments 805 Applegrove Street, NW Stark North Canton
N297 51185 Forest Downs Apartments 10224 W. Forest Home Ave. Milwaukee Hales Corners
N298 51136 Spacious Acres Mobile Home Park W1211 015 Lakeview Drive Jefferson Sullivan
N299 51177 South Hills Mobile Home Park 100 Long Lane Dodge Beaver Dam
N300 51175 Evergreen Estate Mobile Home Park 415 Western Avenue SW Rice Fairbault
N301 51176 Cloverleaf Mobile Home Park 150 Highway 10 North Benton St. Cloud
N302 51178 Monroe Estates Mobile Home Park 560 W. 21st Street Green Monroe
N303 51179 Camelot Mobile Home Park 1140 Arthur Blvd Brown Pulaski
N304 51180 Lakeshore Terrace Mobile Home Park 2136 Colan Blvd Barron Rice Lake
N305 51181 Forest Junction Mobile Home Park West 2377 US Highway 10 Calumet Brillion
N306 51182 Alexandria Mobile Estates 3305 South Broadway, Lot 50 Douglas Alexandria
N307 51183 Maplewood Mobile Home Park Route 3, Lot 49 Wabasha Lake City
N308 51184 Shamrock Mobile Home Park 1009 Shamrock Lane Stearns Albany
SUB-TOTAL CROSSED LOANS
N309 51209 Arabian Gardens Mobile Home Park 81-600 Fred Waring Drive Riverside Indio
N310 51212 Rollingwood Mobile Home Park 20 Rollingwood Dr. Amador Jackson
N311 51143 Tall Pines Mobile Home 314 South Erie Drive Saint Lucie Fort Pierce
N312 50994 Picacho Mobile Home Park 2200 Holiday Avenue Dona Ana Las Cruces
N313 50993 North Valley Mobile Home Park 7051 Buffalo Trail Bexar San Antonio
N314 51388 Kentwood Mobile Estates 123 Henshaw Avenue Butte Chico
N315 51377 Canyon Country Mobile Home Park 16274 Vasquez Canyon Road Los Angeles Canyon Country
N316 51203 Country Club Mobile Home Park 5315 Targee St. Ada Boise
N317 51398 Gemstone Mobile Home Park 2451 Soledad Canyon Road Los Angeles Acton
N318 51204 Green Acres Mobile Home Park 816 North Midland Blvd Canyon Nampa
N319 51423 Del Rey Self Storage 4051-4063 Redwood Avenue Los Angeles Marina Del Rey
N320 51145 Handy Storage 13 350 South University Drive Broward Pembroke Pines
N321 51381 Safeguard Mini Storage (North) 16173 Golden State Blvd Madera Madera
N322 51380 Safeguard Mini Storage (South) 450 E. Almond Ave Madera Madera
SUB-TOTAL CROSSED LOANS
N323 51105 Payless Mini Storage 633 West Swain Road San Joaquin Stockton
N324 51159 Fort Knox Mini Storage 6650 Edith Blvd NE Bernalillo Albuquerque
N325 51230 AAA Self Storage 226 Doctor Claassen Way Yolo Woodland
N326 51426 Sanger Self Storage 225 L Street Fresno Sanger
N327 51356 Executive Mini-Storage 6340 Freeport Blvd Sacramento Sacramento
N328 51231 BlueBonnet Self Storage 200 Maple St. Hunt Commerce
N329A 50319 Applebee's #8673 678 West 23rd St. Bay Panama City
N329B 50319 Applebee's #8902 1005 NW 13th Street Alachua Gainesville
N329C 50319 Applebee's #9145 1401 Capitol Circle, NW Leon Tallahassee
N329 50319 Applebee's #8673, #8902 & #9145 (Roll-Up)
N330A 50322 Applebee's #8623 637 Westover Blvd Dougherty Albany
N330B 50322 Applebee's #8867 1301 St. Augustine Road Lowndes Valdosta
N330 50322 Applebee's #8623 & #8867 (Roll-Up)
SUB-TOTAL CROSSED LOANS
N331 50979 Spring Cove Marina 455 Lore Rd. Calvert Solomons
===================================================================================================================================
TOTALS/WEIGHTED AVERAGE 331 LOANS
===================================================================================================================================
</TABLE>
(i) Administrative Fee Rate includes the Sub-Servicing Fee Rate.
(ii) For Mortgage Loans which accrue interest on the basis of actual days
elapsed each calendar month and a 360-day year or a 365-day year, the
amortization term is the term over which the Mortgage Loans would amortize
if interest accrued and was paid on the basis of a 360-day year consisting
of twelve 30-day months. The actual amortization term would be longer.
<PAGE> 42
ANNEX A
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
<TABLE>
<CAPTION>
CUT-OFF MATURITY
ZIP PROPERTY ORIGINAL DATE DATE LOAN
STATE CODE TYPE BALANCE BALANCE BALANCE TYPE
- ----- ---- -------- -------- ------- -------- -----
<S> <C> <C> <C> <C> <C> <C>
MD 21703 Multifamily $3,200,000 $3,193,332 $2,795,192 Balloon
OH 44720 Multifamily 1,414,000 1,411,053 1,235,125 Balloon
WI 53130 Multifamily 1,317,000 1,314,256 1,150,397 Balloon
WI 53178 Mobile Home 3,096,000 3,089,715 2,711,404 Balloon
WI 53916 Mobile Home 2,360,000 2,355,209 2,066,833 Balloon
MN 55021 Mobile Home 1,664,000 1,660,622 1,457,292 Balloon
MN 56304 Mobile Home 1,600,000 1,596,752 1,401,242 Balloon
WI 53566 Mobile Home 1,333,000 1,330,294 1,167,409 Balloon
WI 54162 Mobile Home 1,136,000 1,133,694 994,883 Balloon
WI 54868 Mobile Home 1,102,000 1,099,763 965,106 Balloon
WI 54123 Mobile Home 1,071,000 1,068,826 937,957 Balloon
MN 56308 Mobile Home 600,000 598,782 525,466 Balloon
MN 55041 Mobile Home 592,000 590,798 518,460 Balloon
MN 56307 Mobile Home 280,000 279,432 245,217 Balloon
---------- ----------
20,722,528 18,171,983
CA 92201 Mobile Home 4,600,000 4,580,842 4,022,579 Balloon
CA 95642 Mobile Home 4,370,000 4,351,082 3,806,373 Balloon
FL 34946 Mobile Home 3,500,000 3,492,706 3,057,240 Balloon
NM 88005 Mobile Home 1,750,000 1,722,217 Fully Amortizing
TX 78238 Mobile Home 1,750,000 1,722,091 Fully Amortizing
CA 95973 Mobile Home 1,575,000 1,572,109 1,286,084 Balloon
CA 91351 Mobile Home 1,500,000 1,496,874 1,310,246 Balloon
ID 83705 Mobile Home 600,000 596,369 489,340 Balloon
CA 93510 Mobile Home 550,000 549,532 494,426 Balloon
ID 83651 Mobile Home 300,000 298,184 244,670 Balloon
CA 90066 Mini Storage 6,750,000 6,742,590 5,962,605 Balloon
FL 33025 Mini Storage 3,000,000 2,993,748 2,620,493 Balloon
CA 93637 Mini Storage 862,500 861,687 770,337 Balloon
CA 93637 Mini Storage 735,000 733,740 605,355 Balloon
---------- ----------
1,595,427 1,375,692
CA 95207 Mini Storage 1,399,000 1,393,151 901,413 Balloon
NM 87113 Mini Storage 1,350,000 1,342,877 929,379 Balloon
CA 95776 Mini Storage 1,250,000 1,230,685 Fully Amortizing
CA 93657 Mini Storage 1,027,500 1,027,060 922,754 Balloon
CA 95822 Mini Storage 966,000 964,416 862,468 Balloon
TX 75428 Mini Storage 375,000 373,207 308,707 Balloon
FL 32405 Franchise
FL 32601 Franchise
FL 32303 Franchise
Franchise 9,330,000 9,130,414 6,747,217 Balloon
GA 31707 Franchise
GA 31601 Franchise
Franchise 6,110,000 5,979,296 4,418,595 Balloon
---------- ----------
15,109,710 11,165,812
MD 20688 Marina 2,500,000 2,488,753 2,075,664 Balloon
==============================================================================================
$1,228,360,563 $1,222,145,439 $1,030,329,772
==============================================================================================
<CAPTION>
ADMINI-
STRATIVE SUB- NET FIRST INTEREST
MORTGAGE FEE SERVICING MORTGAGE NOTE PAYMENT ACCRUAL
RATE RATE(I) FEE RATE RATE DATE DATE METHOD
- -------- -------- --------- -------- ---- ------- --------
<S> <C> <C> <C> <C> <C> <C>
7.000% 0.143% 0.100% 6.857% 10/30/1998 12/01/1998 Actual/360
7.000% 0.143% 0.100% 6.857% 10/30/1998 12/01/1998 Actual/360
7.000% 0.143% 0.100% 6.857% 10/30/1998 12/01/1998 Actual/360
7.100% 0.143% 0.100% 6.957% 10/30/1998 12/01/1998 Actual/360
7.100% 0.143% 0.100% 6.957% 10/30/1998 12/01/1998 Actual/360
7.100% 0.143% 0.100% 6.957% 10/30/1998 12/01/1998 Actual/360
7.100% 0.143% 0.100% 6.957% 10/30/1998 12/01/1998 Actual/360
7.100% 0.143% 0.100% 6.957% 10/30/1998 12/01/1998 Actual/360
7.100% 0.143% 0.100% 6.957% 10/30/1998 12/01/1998 Actual/360
7.100% 0.143% 0.100% 6.957% 10/30/1998 12/01/1998 Actual/360
7.100% 0.143% 0.100% 6.957% 10/30/1998 12/01/1998 Actual/360
7.100% 0.143% 0.100% 6.957% 10/30/1998 12/01/1998 Actual/360
7.100% 0.143% 0.100% 6.957% 10/30/1998 12/01/1998 Actual/360
7.100% 0.143% 0.100% 6.957% 10/30/1998 12/01/1998 Actual/360
7.036% 0.143% 0.100% 6.893% 07/22/1998 09/01/1998 Actual/360
6.886% 0.143% 0.100% 6.743% 07/20/1998 09/01/1998 Actual/360
7.000% 0.143% 0.100% 6.857% 10/30/1998 12/01/1998 Actual/360
6.870% 0.143% 0.100% 6.727% 08/24/1998 10/01/1998 Actual/360
6.820% 0.143% 0.100% 6.677% 08/24/1998 10/01/1998 Actual/360
7.580% 0.143% 0.100% 7.437% 11/13/1998 01/01/1999 Actual/360
7.000% 0.143% 0.100% 6.857% 10/14/1998 12/01/1998 Actual/360
7.543% 0.143% 0.100% 7.400% 07/15/1998 09/01/1998 Actual/360
8.150% 0.143% 0.100% 8.007% 11/25/1998 01/01/1999 Actual/360
7.543% 0.143% 0.100% 7.400% 07/15/1998 09/01/1998 Actual/360
7.425% 0.143% 0.100% 7.282% 11/10/1998 01/01/1999 Actual/360
7.000% 0.143% 0.100% 6.857% 10/23/1998 12/01/1998 Actual/360
7.875% 0.143% 0.100% 7.732% 11/16/1998 01/01/1999 Actual/360
7.875% 0.143% 0.100% 7.732% 11/16/1998 01/01/1999 Actual/360
7.250% 0.143% 0.100% 7.107% 09/30/1998 11/01/1998 Actual/360
7.170% 0.143% 0.100% 7.027% 10/30/1998 12/01/1998 Actual/360
7.378% 0.143% 0.100% 7.235% 08/04/1998 10/01/1998 30/360
8.125% 0.143% 0.100% 7.982% 12/02/1998 02/01/1999 Actual/360
7.875% 0.143% 0.100% 7.732% 10/06/1998 12/01/1998 Actual/360
7.870% 0.143% 0.100% 7.727% 07/22/1998 10/01/1998 Actual/360
8.600% 0.203% 0.160% 8.397% 11/21/1997 01/01/1998 Actual/360
8.600% 0.203% 0.160% 8.397% 11/21/1997 01/01/1998 Actual/360
8.170% 0.143% 0.100% 8.027% 08/25/1998 10/01/1998 Actual/360
===============================================================================
7.268% 7.105%
===============================================================================
</TABLE>
<PAGE> 43
<TABLE>
<CAPTION>
ORIGINAL ORIGINAL REMAINING
TERM TO AMORTIZATION TERM TO
MONTHLY MATURITY TERM SEASONING MATURITY
PAYMENT (MONTHS) (MONTHS)(II) (MONTHS) (MONTHS)
------- -------- ------------- --------- ---------
<S> <C> <C> <C> <C>
$ 21,290 120 360 3 117
9,407 120 360 3 117
8,762 120 360 3 117
20,806 120 360 3 117
15,860 120 360 3 117
11,183 120 360 3 117
10,753 120 360 3 117
8,958 120 360 3 117
7,634 120 360 3 117
7,406 120 360 3 117
7,197 120 360 3 117
4,032 120 360 3 117
3,978 120 360 3 117
1,882 120 360 3 117
30,715 120 360 6 114
28,740 120 360 6 114
23,286 120 360 3 117
15,710 180 180 5 175
15,661 180 180 5 175
11,721 120 300 2 118
9,980 120 360 3 117
4,451 120 300 6 114
4,093 120 360 2 118
2,225 120 300 6 114
46,851 120 360 2 118
19,959 120 360 3 117
6,254 120 360 2 118
5,612 120 300 2 118
10,112 180 300 4 176
10,605 120 240 3 117
11,501 180 180 5 175
7,629 120 360 1 119
7,004 120 360 3 117
2,862 120 300 5 115
81,559 120 240 14 106
53,411 120 240 14 106
19,578 120 300 5 115
=======================================================
$8,618,284 122 339 5 117
=======================================================
<CAPTION>
CROSS- LOCKOUT
MATURITY COLLATERALIZED RELATED EXPIRATION PREPAYMENT PENALTY DESCRIPTION
DATE LOANS LOANS DATE (MONTHS)
-------- -------------- ------- ---------- ------------------------------
<C> <C> <C> <C> <C>
11/01/2008 Yes(5) Yes(U) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 Yes(5) Yes(U) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 Yes(5) Yes(U) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 Yes(5) Yes(U) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 Yes(5) Yes(U) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 Yes(5) Yes(U) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 Yes(5) Yes(U) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 Yes(5) Yes(U) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 Yes(5) Yes(U) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 Yes(5) Yes(U) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 Yes(5) Yes(U) 06/30/1998 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 Yes(5) Yes(U) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 Yes(5) Yes(U) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
11/01/2008 Yes(5) Yes(U) 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
08/01/2008 No No 06/01/2008 LO(118)/OPEN(2)/DEFEASANCE
08/01/2008 No No 06/01/2008 LO(118)/OPEN(2)/DEFEASANCE
11/01/2008 No No 07/01/2008 LO(116)/OPEN(4)/DEFEASANCE
09/01/2013 No Yes(V) 04/30/2013 LO(175)/OPEN(5)/DEFEASANCE
09/01/2013 No Yes(V) 04/30/2013 LO(175)/OPEN(5)/DEFEASANCE
12/01/2008 No No 10/01/2008 LO(118)/OPEN(2)/DEFEASANCE
11/01/2008 No No 09/01/2008 LO(118)/OPEN(2)/DEFEASANCE
08/01/2008 No Yes(W) 06/01/2008 LO(118)/OPEN(2)/DEFEASANCE
12/01/2008 No No 10/01/2008 LO(118)/OPEN(2)/DEFEASANCE
08/01/2008 No Yes(W) 06/01/2008 LO(118)/OPEN(2)/DEFEASANCE
12/01/2008 No Yes(F) 10/01/2008 LO(118)/OPEN(2)/DEFEASANCE
11/01/2008 No No 07/01/2008 LO(116)/OPEN(4)/DEFEASANCE
12/01/2008 Yes(6) Yes(X) 10/01/2008 LO(118)/OPEN(2)/DEFEASANCE
12/01/2008 Yes(6) Yes(X) 10/01/2008 LO(118)/OPEN(2)/DEFEASANCE
10/01/2013 No No 05/31/2013 LO(175)/OPEN(5)/DEFEASANCE
11/01/2008 No No 06/30/2008 LO(115)/OPEN(5)/DEFEASANCE
09/01/2013 No No 07/02/2013 LO(178)/OPEN(2)/DEFEASANCE
01/01/2009 No Yes(X) 11/01/2008 LO(118)/OPEN(2)/DEFEASANCE
11/01/2008 No Yes(X) 09/01/2008 LO(118)/OPEN(2)/DEFEASANCE
09/01/2008 No No 07/02/2008 LO(118)/OPEN(2)/DEFEASANCE
12/01/2007 Yes(7) Yes(Y) 11/30/2001 LO(47)/GRTR1%PPMTorYM(66)/OPEN(7)
12/01/2007 Yes(7) Yes(Y) 11/30/2001 LO(47)/GRTR1%PPMTorYM(66)/OPEN(7)
09/01/2008 No No 05/01/2008 LO(116)/OPEN(4)/DEFEASANCE
==========================================================================================
==========================================================================================
</TABLE>
(i) Administrative Fee Rate includes the Sub-Servicing Fee Rate.
(ii) For Mortgage Loans which accrue interest on the basis of actual days
elapsed each calendar month and a 360-day year or a 365-day year, the
amortization term is the term over which the Mortgage Loans would
amortize if interest accrued and was paid on the basis of a 360-day year
consisting of twelve 30-day months. The actual amortization term would
be longer.
<PAGE> 44
<TABLE>
<CAPTION>
CUT-OFF
DATE
LOAN APPRAISAL APPRAISAL LTV YEAR BUILT/
SEQUENCE NUMBER PROPERTY NAME VALUE DATE RATIO RENOVATED
- -------- ------- ------------- ----------- --------- ------- -----------
<S> <C> <C> <C> <C> <C> <C>
N295 51135 Cedar Crossings Apartments $4,000,000 7/15/98 80% 1986
N296 51012 Northrup Court Apartments 2,020,000 7/27/98 70% 1986
N297 51185 Forest Downs Apartments 1,805,000 7/10/98 73% 1990
N298 51136 Spacious Acres Mobile Home Park 3,870,000 8/1/98 80% 1971
N299 51177 South Hills Mobile Home Park 2,950,000 8/1/98 80% 1968/1998
N300 51175 Evergreen Estate Mobile Home Park 2,080,000 8/1/98 80% 1967
N301 51176 Cloverleaf Mobile Home Park 2,000,000 8/1/98 80% 1953
N302 51178 Monroe Estates Mobile Home Park 1,770,000 8/1/98 75% 1970
N303 51179 Camelot Mobile Home Park 1,460,000 8/1/98 78% 1980
N304 51180 Lakeshore Terrace Mobile Home Park 1,450,000 8/1/98 76% 1973
N305 51181 Forest Junction Mobile Home Park 1,380,000 8/1/98 78% 1977
N306 51182 Alexandria Mobile Estates 750,000 8/1/98 80% 1968
N307 51183 Maplewood Mobile Home Park 740,000 8/1/98 80% 1971
N308 51184 Shamrock Mobile Home Park 350,000 8/1/98 80% 1967
-----------
SUB-TOTAL CROSSED LOANS 26,625,000
N309 51209 Arabian Gardens Mobile Home Park 6,000,000 6/3/98 76% 1962/1995
N310 51212 Rollingwood Mobile Home Park 7,000,000 6/23/98 62% 1985
N311 51143 Tall Pines Mobile Home 4,845,000 8/7/98 72% 1978
N312 50994 Picacho Mobile Home Park 3,670,000 6/16/98 47% 1988
N313 50993 North Valley Mobile Home Park 3,010,000 6/15/98 57% 1974
N314 51388 Kentwood Mobile Estates 2,920,000 10/19/98 54% 1963
N315 51377 Canyon Country Mobile Home Park 3,740,000 8/4/98 40% 1973
N316 51203 Country Club Mobile Home Park 900,000 6/15/98 66% 1957
N317 51398 Gemstone Mobile Home Park 900,000 9/16/98 61% 1976/1986
N318 51204 Green Acres Mobile Home Park 550,000 6/15/98 54% 1968
N319 51423 Del Rey Self Storage 10,300,000 6/3/98 66% 1952/1985
N320 51145 Handy Storage 13 6,675,000 8/9/98 45% 1995
N321 51381 Safeguard Mini Storage (North) 1,300,000 8/19/98 66% 1986
N322 51380 Safeguard Mini Storage (South) 1,050,000 8/19/98 70% 1982
-----------
SUB-TOTAL CROSSED LOANS 2,350,000
N323 51105 Payless Mini Storage 2,000,000 7/14/98 70% 1990
N324 51159 Fort Knox Mini Storage 1,990,000 8/11/98 68% 1994
N325 51230 AAA Self Storage 3,830,000 7/10/98 32% 1987
N326 51426 Sanger Self Storage 1,370,000 10/5/98 75% 1985
N327 51356 Executive Mini-Storage 1,350,000 8/14/98 71% 1987/1996
N328 51231 BlueBonnet Self Storage 570,000 7/1/98 66% 1995
N329A 50319 Applebee's #8673 1991
N329B 50319 Applebee's #8902 1994
N329C 50319 Applebee's #9145 1995
N329 50319 Applebee's #8673, #8902 & #9145 (Roll-Up) 11,570,000 11/3/97 79%
N330A 50322 Applebee's #8623 1990
N330B 50322 Applebee's #8867 1994
N330 50322 Applebee's #8623 & #8867 (Roll-Up) 8,500,000 11/3/97 70%
-----------
SUB-TOTAL CROSSED LOANS 20,070,000
N331 50979 Spring Cove Marina 3,950,000 5/12/98 63% 1960/1987
- ---------------------------------------------------------------------------------------------------------------------------------
TOTALS/WEIGHTED AVERAGE 70%
=================================================================================================================================
<CAPTION>
LOAN
TOTAL SF/ BALANCE
UNITS/ UNIT/ NET PER
ROOM/ ROOM/ RENTABLE SF/UNIT/
BED BED AREA (SF) ROOM/BED
----- --------- --------- ---------
<S> <C> <C> <C>
109 Units 55,872 $29,297
90 Units 46,080 15,678
35 Units 24,245 37,550
182 Pads 16,976
168 Pads 14,019
161 Pads 10,314
165 Pads 9,677
102 Pads 13,042
90 Pads 12,597
135 Pads 8,146
82 Pads 13,034
89 Pads 6,728
75 Pads 7,877
31 Pads 9,014
248 Pads 843,200 18,471
159 Pads 27,365
257 Pads 13,590
273 Pads 1,043,144 6,308
183 Pads 805,200 9,410
137 Pads 11,475
98 Pads 15,274
52 Pads 11,469
34 Pads 16,163
41 Pads 7,273
79,066 SF 79,066 85
89,446 SF 89,446 33
29,690 SF 29,690 29
46,277 SF 46,277 16
39,524 SF 39,524 35
56,260 SF 56,260 24
67,100 SF 67,100 18
39,055 SF 39,055 26
24,600 SF 24,600 39
21,000 SF 21,000 18
4,928 SF 4,928
5,076 SF 5,076
4,928 SF 4,928
14,932 SF 14,932 611
4,350 SF 4,350
4,928 SF 4,928
9,278 SF 9,278 644
246 Units 6,567 10,117
- ------------------------------------------------------------------
==================================================================
</TABLE>
<PAGE> 45
ANNEX A
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
<TABLE>
<CAPTION>
OCCUPANCY U/W
OCCUPANCY AS OF U/W U/W U/W NOI U/W
PERCENT DATE REVENUES EXPENSES NOI DSCR RESERVES
--------- -------- ----------- ----------- ------------ ---- --------
<S> <C> <C> <C> <C> <C> <C>
99% 8/30/98 $ 652,892 $ 276,629 $ 376,263 1.47 $22,890
97% 9/30/98 382,326 219,445 162,881 1.44 21,690
100% 7/1/98 243,685 104,372 139,313 1.32 7,875
100% 9/30/98 532,479 190,180 342,299 1.37 9,100
99% 6/30/98 431,160 170,518 260,642 1.37 8,500
94% 9/30/98 375,611 186,805 188,806 1.41 8,050
98% 9/30/98 413,115 242,251 170,864 1.32 8,250
98% 6/30/98 240,249 100,725 139,524 1.30 5,100
99% 6/30/98 179,212 60,153 119,059 1.30 4,500
99% 6/30/98 233,542 115,681 117,861 1.33 6,750
98% 9/30/98 158,204 46,106 112,098 1.30 4,100
98% 9/30/98 148,022 78,471 69,551 1.44 4,450
96% 6/30/98 129,442 59,854 69,588 1.46 3,750
97% 9/30/98 55,489 23,350 32,139 1.42 1,550
93% 7/20/98 1,058,794 513,831 544,963 1.48 8,141
98% 7/7/98 831,930 295,785 536,145 1.55 7,950
96% 9/1/98 642,705 246,322 396,383 1.42 12,800
83% 7/31/98 551,676 230,356 321,320 1.70 13,650
100% 7/31/98 449,314 189,368 259,946 1.38 9,150
99% 9/15/98 469,444 237,424 232,020 1.65 6,850
96% 9/30/98 494,889 183,263 311,626 2.60 5,359
98% 7/8/98 140,727 61,207 79,520 1.49 4,320
100% 9/28/98 154,058 68,608 85,450 1.74 1,700
95% 5/31/98 84,421 33,737 50,684 1.90 3,280
92% 10/23/98 1,095,321 261,935 833,386 1.48 6,048
74% 8/6/98 849,473 415,563 433,910 1.81 20,740
87% 4/30/98 196,608 80,661 115,947 1.55 4,454
64% 8/19/98 190,352 84,835 105,517 1.57 4,628
100% 9/18/98 267,629 91,748 175,881 1.45 5,929
83% 8/18/98 300,485 125,079 175,406 1.38 8,715
94% 7/31/98 403,142 109,935 293,207 2.12 4,527
94% 8/14/98 216,828 70,781 146,047 1.60 3,900
100% 8/24/98 193,810 65,906 127,904 1.52 3,690
99% 12/1/98 91,919 44,782 47,137 1.37 3,150
100%
100%
100%
7,142,256 5,801,758 1,340,498 1.37 6,183
100%
100%
4,734,450 3,959,165 775,285 1.21 4,231
1,317,393 956,976 360,417 1.53 24,600
- ----------------------------------------------------------------------------------------------------------
93% 1.56
==========================================================================================================
<CAPTION>
2nd
MOST MOST MOST
U/W RECENT MOST MOST MOST RECENT RECENT
RESERVES END RECENT RECENT RECENT NOI END
PER UNIT DATE REVENUES EXPENSES NOI DSCR DATE
- -------- -------- -------- ----------- ---------- ----- --------
<S> <C> <C> <C> <C> <C> <C>
$210.00 12/31/97 $668,056 $ 258,855 $ 409,201 1.60 12/31/96
241.00 12/31/97 392,235 221,943 170,292 1.51 12//1996
225.00 12/31/97 243,310 92,030 151,280 1.44 12/31/96
50.00 12/31/97 532,844 190,210 342,634 1.37 12/31/96
50.60 12/31/97 430,509 153,731 276,778 1.45 12/31/96
50.00 12/31/97 364,182 178,937 185,245 1.38 12/31/96
50.00 12/31/97 403,394 233,793 169,601 1.31 12/31/96
50.00 12/31/97 236,615 96,727 139,888 1.30 12/31/96
50.00 12/31/97 178,786 55,379 123,407 1.35 12/31/96
50.00 12/31/97 229,231 106,300 122,931 1.38 12/31/96
50.00 12/31/97 151,815 46,859 104,956 1.22 12/30/96
50.00 12/31/97 144,414 79,824 64,590 1.33 12/31/96
50.00 12/31/97 129,349 53,967 75,382 1.58 12/31/96
50.00 12/31/97 56,090 23,414 32,676 1.45 12/31/96
32.83 12/31/97 1,001,901 530,658 471,243 1.28 12/31/96
50.00 12/31/97 858,364 261,432 596,932 1.73 12/31/96
49.81 12/31/97 627,479 165,742 461,737 1.65 12/31/96
50.00 12/31/97 574,304 173,339 400,965 2.13 12/31/96
50.00 12/31/97 465,930 153,826 312,104 1.66 12/31/96
50.00 12/31/97 468,279 209,202 259,077 1.84 12/31/96
54.68 12/31/97 481,556 133,853 347,703 2.90 12/31/96
83.08 12/31/97 142,773 60,171 82,602 1.55 12/31/96
50.00 12/31/97 152,241 53,973 98,268 2.00 12/31/96
80.00 12/31/97 80,574 31,455 49,119 1.84 12/31/96
0.08 12/31/97 1,014,019 263,321 750,698 1.34
0.23 12/31/97 824,444 348,825 475,619 1.99 12/31/96
0.15 12/31/97 198,377 82,166 116,211 1.55 12/31/96
0.10 12/31/97 189,608 86,967 102,641 1.52 12/31/96
0.15 12/31/97 253,157 74,504 178,653 1.47 12/31/96
0.15 12/31/97 292,118 120,557 171,561 1.35 12/31/96
0.07 12/31/97 389,330 104,358 284,972 2.06 12/31/96
0.10 12/31/97 204,411 39,498 164,913 1.80 12/31/96
0.15 12/31/97 194,504 46,410 148,094 1.76
0.15 12/31/97 95,806 23,630 72,176 2.10
0.41 12/31/97 7,003,547 5,725,954 1,277,593 1.31 12/31/96
0.46 12/31/97 4,541,913 3,779,710 762,203 1.19 12/31/96
100.00 12/31/97 1,317,339 922,747 394,592 1.68 12/31/96
- ---------------------------------------------------------------------------------------------------
===================================================================================================
</TABLE>
<PAGE> 46
<TABLE>
<CAPTION>
2ND
2ND 2ND 2ND MOST LARGEST
MOST MOST MOST RECENT TENANT
RECENT RECENT RECNENT NOI LEASED
REVEBUES EXPENSES NOI DSCR LARGEST TENANT SF
- -------- ------------ ----------- ------- --------------- --------
<S> <C> <C> <C> <C> <C>
$643,421 $246,115 $397,306 1.56
399,668 203,825 195,843 1.73
241,080 85,616 155,464 1.48
511,939 192,676 319,263 1.28
417,536 160,628 256,908 1.35
352,545 170,118 182,427 1.36
382,741 204,962 177,779 1.38
235,804 93,784 142,020 1.32
160,955 52,212 108,743 1.19
221,776 106,852 114,924 1.29
142,991 47,382 95,609 1.11
132,036 69,384 62,652 1.29
122,942 62,399 60,543 1.27
53,233 22,470 30,763 1.36
996,208 535,861 460,347 1.25
834,523 227,705 606,818 1.76
597,779 154,104 443,675 1.59
542,940 196,948 345,992 1.84
441,298 130,962 310,336 1.65
468,873 213,224 255,649 1.82
444,354 136,236 308,118 2.57
137,895 59,924 77,971 1.46
142,054 57,646 84,408 1.72
72,023 31,216 40,807 1.53
McZand Herbal, Inc. 19,775
483,412 272,046 211,366 0.88
197,150 67,455 129,695 1.73
197,150 71,312 125,838 1.87
258,538 76,285 182,253 1.50
125,633 114,663 10,970 0.09
323,339 91,530 231,809 1.68
206,671 32,946 173,725 1.90
6,374,107 5,599,023 775,084 0.79 Applebees 14,932
5,135,382 4,326,939 808,443 1.26 Applebees 9,278
1,261,242 847,997 413,245 1.76
- --------------------------------------------------------------------------------------------
============================================================================================
<CAPTION>
SECOND
LARGEST SECOND LARGEST SECOND
TENANT LARGEST LARGEST TENANT LARGEST
% of TENANT TENANT % OF TENANT
TOTAL LEASE SECOND LARGEST LEASED TOTAL LEASE
SF EXPIRATION TENANT SF SF EXPIRATION
- ------ ----------- ----------------- -------- ------- ----------
<S> <C> <C> <C> <C> <C>
25% 12/31/00 Binary Compass Enterprises, Inc. 13,200 17% 12/31/03
100%
100%
- --------------------------------------------------------------------------------------------------------
========================================================================================================
</TABLE>
<PAGE> 47
<TABLE>
<CAPTION>
SE- LOAN
QUENCE NUMBER PROPERTY NAME PROPERTY ADDRESS COUNTY CITY
------ ------ ------------- ---------------- ------ ----
<S> <C> <C> <C> <C> <C>
N295 51135 Cedar Crossings Apartments 5804 Rosebay Court Frederick Frederick
N296 51012 Northrup Court Apartments 805 Applegrove Street, NW Stark North Canton
N297 51185 Forest Downs Apartments 10224 W. Forest Home Ave. Milwaukee Hales Corners
N298 51136 Spacious Acres Mobile Home Park W1211 015 Lakeview Drive Jefferson Sullivan
N299 51177 South Hills Mobile Home Park 100 Long Lane Dodge Beaver Dam
N300 51175 Evergreen Estate Mobile Home Park 415 Western Avenue SW Rice Fairbault
N301 51176 Cloverleaf Mobile Home Park 150 Highway 10 North Benton St. Cloud
N302 51178 Monroe Estates Mobile Home Park 560 W. 21st Street Green Monroe
N303 51179 Camelot Mobile Home Park 1140 Arthur Blvd Brown Pulaski
N304 51180 Lakeshore Terrace Mobile Home Park 2136 Colan Blvd Barron Rice Lake
N305 51181 Forest Junction Mobile Home Park West 2377 US Highway 10 Calumet Brillion
N306 51182 Alexandria Mobile Estates 3305 South Broadway, Lot 50 Douglas Alexandria
N307 51183 Maplewood Mobile Home Park Route 3, Lot 49 Wabasha Lake City
N308 51184 Shamrock Mobile Home Park 1009 Shamrock Lane Stearns Albany
SUB-TOTAL CROSSED LOANS
N309 51209 Arabian Gardens Mobile Home Park 81-600 Fred Waring Drive Riverside Indio
N310 51212 Rollingwood Mobile Home Park 20 Rollingwood Dr. Amador Jackson
N311 51143 Tall Pines Mobile Home 314 South Erie Drive Saint Lucie Fort Pierce
N312 50994 Picacho Mobile Home Park 2200 Holiday Avenue Dona Ana Las Cruces
N313 50993 North Valley Mobile Home Park 7051 Buffalo Trail Bexar San Antonio
N314 51388 Kentwood Mobile Estates 123 Henshaw Avenue Butte Chico
N315 51377 Canyon Country Mobile Home Park 16274 Vasquez Canyon Road Los Angeles Canyon Country
N316 51203 Country Club Mobile Home Park 5315 Targee St. Ada Boise
N317 51398 Gemstone Mobile Home Park 2451 Soledad Canyon Road Los Angeles Acton
N318 51204 Green Acres Mobile Home Park 816 North Midland Blvd Canyon Nampa
N319 51423 Del Rey Self Storage 4051-4063 Redwood Avenue Los Angeles Marina Del Rey
N320 51145 Handy Storage 13 350 South University Drive Broward Pembroke Pines
N321 51381 Safeguard Mini Storage (North) 16173 Golden State Blvd Madera Madera
N322 51380 Safeguard Mini Storage (South) 450 E. Almond Ave Madera Madera
SUB-TOTAL CROSSED LOANS
N323 51105 Payless Mini Storage 633 West Swain Road San Joaquin Stockton
N324 51159 Fort Knox Mini Storage 6650 Edith Blvd NE Bernalillo Albuquerque
N325 51230 AAA Self Storage 226 Doctor Claassen Way Yolo Woodland
N326 51426 Sanger Self Storage 225 L Street Fresno Sanger
N327 51356 Executive Mini-Storage 6340 Freeport Blvd Sacramento Sacramento
N328 51231 BlueBonnet Self Storage 200 Maple St. Hunt Commerce
N329A 50319 Applebee's #8673 678 West 23rd St. Bay Panama City
N329B 50319 Applebee's #8902 1005 NW 13th Street Alachua Gainesville
N329C 50319 Applebee's #9145 1401 Capitol Circle, NW Leon Tallahassee
N329 50319 Applebee's #8673, #8902 & #9145 (Roll-Up)
N330A 50322 Applebee's #8623 637 Westover Blvd Dougherty Albany
N330B 50322 Applebee's #8867 1301 St. Augustine Road Lowndes Valdosta
N330 50322 Applebee's #8623 & #8867 (Roll-Up)
SUB-TOTAL CROSSED LOANS
N331 50979 Spring Cove Marina 455 Lore Rd. Calvert Solomons
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS/WEIGHTED AVERAGE 331 LOANS
====================================================================================================================================
</TABLE>
<PAGE> 48
<TABLE>
<CAPTION>
SE- LOAN
QUENCE NUMBER PROPERTY NAME PROPERTY ADDRESS COUNTY CITY
------ ------ ------------- ---------------- ------ ----
<S> <C> <C> <C> <C> <C>
N090 51336 1835-1839 Green St. Apartments 1835-1839 Green Street San Francisco San Francisco
N091 51341 Franklin Ave. Apartments 600 Franklin Ave. Hennepin Minneapolis
N092 50960 Kentwood Apartments 3000 North Kentwood Ave. Greene Springfield
N093 51343 Johnson Apartments 2244 Johnson St. NE Hennepin Minneapolis
N094 51009 Bull Creek Apartments 5001 Bull Creek Road Travis Austin
N095 51323 Bryant Avenue Apartments 2517 Bryant Ave. South Hennepin Minneapolis
N096 51347 Tamarisk Apartments 3221 North 36th Street Maricopa Phoenix
N097 51301 682 Grand Ave. Apartments 682 Grand Ave. Ramsey St. Paul
N098 51339 1967 Grand Ave. Apartments 1967 Grand Ave. Ramsey St. Paul
N099 51342 1962 Grand Ave. Apartments 1962 Grand Ave. Ramsey St. Paul
N100 51023 L1 - Goldfarb Apartments 107 E. Healy Street Champaign Champaign
N101 51318 Hennepin Ave. Apartments 2609 Hennepin Ave. Hennepin Minneapolis
N102 51419 1435-1445 E. Ft. Lowell Road 1435-1445 E. Ft. Lowell Rd. Pima Tucson
N103 51300 669 Grand Avenue Apartments 669 Grand Ave. Ramsey St. Paul
N104 50695 The Summit Shopping Center (iii) NEC of US Hwy. 280 & I-459 Jefferson Birmingham
N105 51286 San Gabriel Square 140 West Valley Blvd Los Angeles San Gabriel
N106 50883 University Center North Shopping Center 1405 SW 107th Ave. Miami-Dade Miami
N107 50148 Salisbury Mall Jake Alexander Blvd & U.S.
Highway 70 Rowan Salisbury
N108 51008 Washington Square Shopping Center S. McDowell Blvd. & E. Washington Sonoma Petaluma
N109 51010 Daniels Crossing Shopping Center 6900 Daniels Parkway Lee Fort Myers
N110 51366 Home Base Building 1900 19th Ave. SE Snohomish Everett
N111 51107 Hatcher Point Mall 2215 Memorial Dr. Ware Waycross
N112 51118 Heartland Shopping Center 2272-2375 Richmond Ave. Richmond Staten Island
N113 50990 Ashley Landing Shopping Center 1401 Sam Rittenberg Rd. Charleston Charleston
N114 51219 Towne House Plaza 9791 Adams Ave. & 19881 Brookhurst St. Orange Huntington
Beach
N115 51401 Katie Reed Plaza 210 South Monarch Street Pitkin Aspen
N116 51081 Castleton Place Shopping Center 82nd St. @ Castleton Square Mall Marion Indianapolis
N117 51039 Genito Forest Shopping Center 11,000 Hull St. (US Route 360) Chesterfield Richmond
N118 50941 Village at Countryside 26210 US Highway 19 N Pinellas Clearwater
N119 51139 Landmark Plaza 14306-14308 N. Dale Mabry Hwy Hillsborough Tampa
N120 51132 Cabaret Center 25700 - 25720 US Highway 19 North Pinellas Clearwater
SUB-TOTAL CROSSED LOANS
N121 50391 Lakewest Town Center 2211-2329 Singleton Blvd. Dallas Dallas
N122 51025 New Market Crossing Shopping Center 695 Independence Blvd. Surry Mount Airy
N123 51106 Pinellas Place Shopping Center 6501 102nd Ave Pinellas Pinellas Park
N124 51074 Washington Corners Shopping Center 9910-9994 E. Washington St. Marion Indianapolis
N125 51291 Dinkydome & Starbucks 1501 University Ave. SE & 1500
Fourth Street SE Hennepin Minneapolis
N126 51087 San Luis Rey Center 73705-73745 El Paseo Riverside Palm Desert
N127 51018 Clearwater Plaza Shopping Center 1219-1293 Missouri Ave. Pinellas Clearwater
N128 51045 Washington Shoppes Shopping Center 10009-10089 E. Washington St. Marion Indianapolis
N129 51079 Castleton Village Shopping Center SEQ 82nd St. & Craig St. Marion Indianapolis
N130 50207 Church Crossing Shopping Center North Church Street and Lees
Chapel Road Guilford Greensboro
N131 51197 PetsMart Retail Building 820 Paseo Del Rey San Diego Chula Vista
N132 51001 Rainbow Shopping Center 7920-8000 SW 8th St. Miami-Dade Miami
N133 51119 Eckerds 1220 Horizon Rd. Rockwall Rockwall
N134 51147 Polo Plaza Shopping Center 9810 Two Notch Rd. Richland Columbia
N135 50499 Sears Plaza 290 Elliot Street Middlesex Ashland
N136 51253 La Verne Town Center North 2445-2497 Foothill Blvd Los Angeles La Verne
N137 51134 Goldmine Village Shopping Center 300 and 400 Wal-Mart Way Lumpkin Dahlonega
N138 50975 Brentwood Plaza 1 Brent Lane Escambia Pensacola
N139 51220 Willow Pass Center 1657 Willow Pass Rd Contra Costa Concord
N140 51090 Brickyard Shopping Center 9940 Two Notch Road Richland Columbia
N141 51263 Central Plaza 11629 - 11655 Valley Blvd Los Angeles El Monte
N142 51349 Roosevelt Place Shopping Center 2237-2269 Colorado Boulevard Los Angeles Pasadena
N143 51116 Lancaster Triangle 42158-43271 15th St. West & 1525
West Ave. K Los Angeles Lancaster
N144 51151 2626 Naylor Road Shopping Center 2626 Naylor Rd. SE
Columbia Washington
N145 51217 Rancho Plaza 8710 19th St. & 6612-6660
Carnelian Street San Bernardino Rancho
Cucamonga
N146 51115 Mid-Valley Automotive 18401-18425 Vanowen St. Los Angeles Reseda
N147 51061 Office Depot Center 6700 Folsom Blvd. Sacramento Sacramento
</TABLE>
(iii) The monthly payment for this loan was recast as of January 1999 on the
basis of a 360 month amortization term resulting in a total amortization
term of 371 months.
<PAGE> 49
PREPAYMENT LOCK-OUT/PREPAYMENT ANALYSIS
BASED ON OUTSTANDING PRINCIPAL BALANCE(1)
<TABLE>
<CAPTION>
FEB-1999 FEB-2000 FEB-2001 FEB-2002 FEB-2003 FEB-2004 FEB-2005 FEB-2006
--------- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Locked Out........................ 100.00% 100.00% 99.91% 91.79% 81.91% 81.89% 81.63% 81.06%
Yield Maintenance................. 0.00% 0.00% 0.09% 8.21% 13.72% 13.72% 13.65% 14.50%
3%................................ 0.00% 0.00% 0.00% 0.00% 4.37% 4.39% 0.00% 0.00%
0.5%.............................. 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.41% 4.44%
No Penalty........................ 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.32% 0.00%
--------- --------- --------- --------- --------- --------- --------- ---------
Total............................. 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
========= ========= ========= ========= ========= ========= ========= =========
Aggregate Principal Balance of
Mortgage Loans ($Millions)....... $1,222.15 $1,208.28 $1,193.62 $1,177.58 $1,160.32 $1,141.89 $1,121.73 $1,097.34
Percentage of Cut-Off Date Balance
of the Mortgage Loans
Outstanding...................... 100.00% 98.87% 97.67% 96.35% 94.94% 93.43% 91.78% 89.79%
<CAPTION>
FEB-2007 FEB-2008 FEB-2009 FEB-2010 FEB-2011 FEB-2012 FEB-2013 FEB-2014
--------- -------- -------- -------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Locked Out........................ 81.04% 92.39% 77.72% 74.99% 73.00% 71.32% 100.00% 0.00%
Yield Maintenance................. 14.36% 3.69% 22.28% 25.01% 27.00% 28.68% 0.00% 0.00%
3%................................ 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.5%.............................. 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No Penalty........................ 4.60% 3.92% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
--------- ------- ------- ------- ------- ------- ------- ------
Total............................. 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 0.00%
========= ======= ======= ======= ======= ======= ======= ======
Aggregate Principal Balance of
Mortgage Loans ($Millions)....... $1,074.96 $918.53 $ 37.87 $ 33.01 $ 29.85 $ 27.37 $ 17.08 $ 0.00
Percentage of Cut-Off Date Balance
of the Mortgage Loans
Outstanding...................... 87.96% 75.16% 3.10% 2.70% 2.44% 2.24% 1.40% 0.00%
</TABLE>
(1) Prepayment provisions in effect as a percentage of outstanding loan balances
as of the indicated date assuming no prepayments.
A-5
<PAGE> 50
PREPAYMENT LOCK-OUT/PREPAYMENT PREMIUM ANALYSIS
BASED ON CUT-OFF DATE BALANCE
<TABLE>
<CAPTION>
FEB FEB FEB FEB FEB FEB FEB FEB
1999 2000 2001 2002 2003 2004 2005 2006
--------- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Locked Out...................... 100.00% 98.87% 97.58% 88.44% 77.77% 76.51% 74.92% 72.78%
Yield Maintenance............... 0.00% 0.00% 0.08% 7.91% 13.03% 12.82% 12.52% 13.02%
3%.............................. 0.00% 0.00% 0.00% 0.00% 4.14% 4.10% 0.00% 0.00%
0.5%............................ 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.05% 3.99%
No Penalty...................... 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.29% 0.00%
Paid Down....................... 0.00% 1.13% 2.33% 3.65% 5.06% 6.57% 8.22% 10.21%
--------- --------- --------- --------- --------- --------- --------- ---------
Total........................... 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
========= ========= ========= ========= ========= ========= ========= =========
Aggregate Principal Balance of
Mortgage Loans ($Millions):.... $1,222.15 $1,208.28 $1,193.62 $1,177.58 $1,160.32 $1,141.89 $1,121.73 $1,097.34
Percentage of Cut-Off Date
Balance of the Mortgage Loans
Outstanding:................... 100.00% 98.87% 97.67% 96.35% 94.94% 93.43% 91.78% 89.79%
<CAPTION>
FEB FEB FEB FEB FEB FEB FEB
2007 FEB 2008 2009 2010 2011 2012 2013 2014
--------- -------- ------- ------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Locked Out...................... 71.28% 69.43% 2.41% 2.03% 1.78% 1.60% 1.40% 0.00%
Yield Maintenance............... 12.63% 2.78% 0.69% 0.68% 0.66% 0.64% 0.00% 0.00%
3%.............................. 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.5%............................ 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No Penalty...................... 4.04% 2.95% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Paid Down....................... 12.04% 24.84% 96.90% 97.30% 97.56% 97.76% 98.60% 100.00%
--------- -------- ------- ------- ------- ------- ------- -------
Total........................... 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
========= ======== ======= ======= ======= ======= ======= =======
Aggregate Principal Balance of
Mortgage Loans ($Millions):.... $1,074.96 $ 918.53 $ 37.87 $ 33.01 $ 29.85 $ 27.37 $ 17.08 $ 0.00
Percentage of Cut-Off Date
Balance of the Mortgage Loans
Outstanding:................... 87.96% 75.16% 3.10% 2.70% 2.44% 2.24% 1.40% 0.00%
</TABLE>
A-6
<PAGE> 51
PROPERTY TYPE
<TABLE>
<CAPTION>
% OF WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE INITIAL AVERAGE MIN/MAX AVERAGE
MORTGAGED MORTGAGE CUT-OFF DATE POOL UNDERWRITING UNDERWRITING CUT-OFF DATE
PROPERTY TYPE PROPERTIES PROPERTIES BALANCE BALANCE DSCR DSCR LTV RATIO
------------- ---------- ---------- -------------- ------- ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Multifamily.......... 122 33.2% $ 382,858,142 31.3% 1.42x 1.27/2.20x 74.2%
Retail............... 87 23.6% 316,173,043 25.9% 1.52x 1.23/3.59x 71.7%
Industrial........... 43 11.7% 142,805,297 11.7% 1.50x 1.27/2.08x 68.1%
Hotel................ 18 4.9% 140,109,856 11.5% 1.90x 1.57/2.74x 63.1%
Office............... 51 13.9% 133,178,251 10.9% 1.83x 1.22/3.94x 62.9%
Health Care.......... 10 2.7% 36,573,334 3.0% 1.49x 1.35/1.61x 70.0%
Mobile Home.......... 21 5.7% 35,185,892 2.9% 1.50x 1.30/2.60x 69.7%
Mini Storage......... 10 2.7% 17,663,162 1.4% 1.59x 1.37/2.12x 61.2%
Franchise
Restaurant......... 5 1.4% 15,109,710 1.2% 1.31x 1.21/1.37x 75.5%
Marina............... 1 0.3% 2,488,753 0.2% 1.53x 1.53/1.53x 63.0%
--- ----- -------------- ----- ----- ---------- ----
Total/ Wtd Avg....... 368 100.0% $1,222,145,439 100.0% 1.56x 1.21/3.94x 69.9%
=== ===== ============== ===== ===== ========== ====
<CAPTION>
WEIGHTED
MIN/MAX AVERAGE
CUT-OFF DATE MORTGAGE
PROPERTY TYPE LTV RATIO RATE
------------- ------------ --------
<S> <C> <C>
Multifamily.......... 36.4/83.2% 7.066%
Retail............... 32.5/80.7% 7.310%
Industrial........... 49.3/84.6% 7.322%
Hotel................ 44.2/68.6% 7.672%
Office............... 17.4/80.4% 7.015%
Health Care.......... 51.0/74.8% 7.673%
Mobile Home.......... 40.0/79.8% 7.075%
Mini Storage......... 32.1/75.0% 7.432%
Franchise
Restaurant......... 70.3/78.9% 8.600%
Marina............... 63.0/63.0% 8.170%
---------- -----
Total/ Wtd Avg....... 17.4/84.6% 7.268%
========== =====
</TABLE>
CUT-OFF DATE BALANCES
<TABLE>
<CAPTION>
% OF WEIGHTED WEIGHTED WEIGHTED
RANGE OF NUMBER OF % OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE
CUT-OFF DATE MORTGAGE MORTGAGE CUT-OFF DATE POOL UNDERWRITING CUT-OFF DATE MORTGAGE
BALANCES LOANS LOANS BALANCE BALANCE DSCR LTV RATIO RATE
------------ --------- -------- -------------- ------- ------------ ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
$279,432 - $999,999........ 65 19.6% $ 44,919,031 3.7% 1.56x 67.9% 7.489%
$1,000,000 - $1,999,999...... 95 28.7% 142,672,595 11.7% 1.62x 68.2% 7.124%
$2,000,000 - $2,999,999...... 60 18.1% 147,624,475 12.1% 1.54x 69.7% 7.122%
$3,000,000 - $3,999,999...... 43 13.0% 149,609,442 12.2% 1.55x 71.1% 7.102%
$4,000,000 - $4,999,999...... 21 6.3% 94,768,128 7.8% 1.52x 72.2% 6.958%
$5,000,000 - $7,499,999...... 21 6.3% 123,597,116 10.1% 1.53x 68.5% 7.076%
$7,500,000 - $9,999,999...... 10 3.0% 90,585,836 7.4% 1.55x 68.3% 7.146%
$10,000,000 - $14,999,999...... 5 1.5% 56,361,771 4.6% 1.94x 64.3% 7.182%
$15,000,000 - $19,999,999...... 3 0.9% 51,266,014 4.2% 1.47x 75.9% 7.105%
$20,000,000 - $29,999,999...... 2 0.6% 54,939,527 4.5% 1.27x 70.9% 7.515%
$30,000,000 - $34,999,999...... 1 0.3% 32,909,986 2.7% 1.52x 74.8% 6.990%
$35,000,000 - $55,402,022...... 5 1.5% 232,891,519 19.1% 1.59x 70.2% 7.825%
--- ----- -------------- ----- ----- ---- -----
Total/Wtd Avg.................. 331 100.0% $1,222,145,439 100.0% 1.56x 69.9% 7.268%
=== ===== ============== ===== ===== ==== =====
</TABLE>
A-7
<PAGE> 52
GEOGRAPHIC DISTRIBUTION(1)
<TABLE>
<CAPTION>
% OF WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE
MORTGAGED MORTGAGED CUT-OFF DATE POOL UNDERWRITING CUT-OFF DATE MORTGAGE
PROPERTY LOCATION PROPERTIES PROPERTIES BALANCE BALANCE DSCR LTV RATIO RATE
----------------- ---------- ---------- -------------- ------- ------------ ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
CA................... 124 33.7% $ 424,069,244 34.7% 1.62x 66.2% 7.240%
Los Angeles........ 30 8.2% 98,868,001 8.1% 1.56x 70.7% 7.034%
San Diego.......... 15 4.1% 78,771,325 6.4% 1.37x 69.1% 7.354%
Santa Clara........ 8 2.2% 63,138,760 5.2% 1.81x 62.7% 7.573%
Orange............. 17 4.6% 38,544,535 3.2% 1.73x 62.5% 6.963%
Alameda............ 7 1.9% 28,112,366 2.3% 1.76x 64.4% 7.658%
Marin.............. 2 0.5% 10,327,589 0.8% 1.44x 74.9% 6.982%
Monterey........... 2 0.5% 10,205,524 0.8% 1.58x 65.2% 7.314%
Sonoma............. 1 0.3% 9,970,394 0.8% 1.95x 51.7% 6.680%
Riverside.......... 4 1.1% 9,322,212 0.8% 1.48x 73.3% 7.082%
Fresno............. 2 0.5% 7,863,647 0.6% 1.41x 79.1% 7.017%
Other Counties..... 36 9.8% 68,944,891 5.6% 1.72x 61.0% 7.238%
FL................... 25 6.8% 96,907,585 7.9% 1.46x 75.3% 7.121%
NV................... 8 2.2% 82,184,910 6.7% 1.43x 76.0% 7.158%
NY................... 13 3.5% 56,997,593 4.7% 2.07x 55.7% 7.087%
UT................... 6 1.6% 54,111,236 4.4% 1.44x 65.1% 7.677%
AL................... 1 0.3% 52,538,304 4.3% 1.26x 80.7% 8.273%
IL................... 29 7.9% 41,596,635 3.4% 1.53x 76.6% 6.659%
TX................... 14 3.8% 40,987,515 3.4% 1.53x 74.7% 7.115%
SC................... 10 2.7% 38,497,279 3.1% 1.49x 73.8% 7.125%
NC................... 5 1.4% 33,310,768 2.7% 1.43x 76.8% 7.319%
GA................... 9 2.4% 32,695,319 2.7% 1.47x 69.1% 7.525%
MN................... 24 6.5% 26,567,549 2.2% 1.62x 74.1% 7.236%
NM................... 10 2.7% 23,198,279 1.9% 1.44x 72.3% 7.091%
MO................... 8 2.2% 21,600,766 1.8% 1.56x 69.6% 7.545%
IN................... 5 1.4% 20,513,636 1.7% 1.75x 63.8% 7.146%
MD................... 7 1.9% 20,135,413 1.6% 1.56x 73.2% 7.076%
WI................... 9 2.4% 19,973,235 1.6% 1.48x 74.4% 7.246%
CO................... 10 2.7% 16,433,925 1.3% 1.58x 68.7% 7.199%
AZ................... 13 3.5% 15,553,540 1.3% 1.75x 70.7% 7.215%
WA................... 4 1.1% 14,874,225 1.2% 1.51x 66.0% 7.271%
OK................... 4 1.1% 14,200,388 1.2% 1.53x 76.3% 7.121%
MA................... 3 0.8% 11,027,381 0.9% 1.52x 71.4% 6.882%
LA................... 2 0.5% 9,744,190 0.8% 1.39x 76.8% 7.553%
VA................... 3 0.8% 9,219,212 0.8% 1.48x 65.0% 7.141%
TN................... 7 1.9% 8,297,624 0.7% 1.98x 56.5% 7.545%
MI................... 2 0.5% 7,237,822 0.6% 1.92x 64.9% 7.721%
NJ................... 2 0.5% 7,225,617 0.6% 1.58x 69.9% 7.924%
CT................... 1 0.3% 6,388,917 0.5% 1.28x 79.4% 7.090%
OR................... 3 0.8% 5,463,857 0.4% 1.37x 74.4% 7.027%
MS................... 1 0.3% 2,791,743 0.2% 1.66x 68.1% 7.625%
KS................... 1 0.3% 2,482,290 0.2% 1.35x 73.0% 7.625%
DC................... 1 0.3% 2,195,888 0.2% 1.38x 74.7% 7.500%
ID................... 3 0.8% 1,712,503 0.1% 1.50x 68.0% 7.430%
OH................... 1 0.3% 1,411,053 0.1% 1.44x 69.9% 7.000%
--- ----- -------------- ----- ---- ---- -----
Total/Weighted
Average............ 368 100.0% $1,222,145,439 100.0% 1.56X 69.9% 7.268%
=== ===== ============== ===== ==== ==== =====
</TABLE>
- ---------------
(1) States or district in which the respective Mortgaged Properties are located.
For Mortgage Loans secured by multiple properties, the Cut-Off Date Balance
is allocated.
A-8
<PAGE> 53
UNDERWRITING DEBT SERVICE COVERAGE RATIO
<TABLE>
<CAPTION>
% OF WEIGHTED WEIGHTED WEIGHTED
RANGE OF NUMBER OF % OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE
UNDERWRITING MORTGAGE MORTGAGE CUT-OFF DATE POOL UNDERWRITING CUT-OFF DATE MORTGAGE
DSCRS LOANS LOANS BALANCE BALANCE DSCR LTV RATIO RATE
------------ --------- -------- -------------- ------- ------------ ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
1.20x - 1.24x........ 5 1.5% $ 12,492,458 1.0% 1.22x 67.3% 7.883%
1.25x - 1.29x........ 12 3.6% 135,323,343 11.1% 1.27x 75.5% 7.706%
1.30x - 1.34x........ 21 6.3% 65,722,669 5.4% 1.32x 77.1% 7.099%
1.35x - 1.39x........ 47 14.2% 236,036,803 19.3% 1.37x 74.5% 7.364%
1.40x - 1.49x........ 81 24.5% 214,547,836 17.6% 1.44x 74.0% 7.073%
1.50x - 1.59x........ 59 17.8% 196,213,985 16.1% 1.54x 72.0% 7.149%
1.60x - 1.69x........ 38 11.5% 95,399,712 7.8% 1.64x 68.0% 7.067%
1.70x - 1.79x........ 25 7.6% 55,246,249 4.5% 1.73x 62.5% 6.975%
1.80x - 1.89x........ 11 3.3% 24,957,142 2.0% 1.81x 63.9% 7.188%
1.90x - 1.99x........ 13 3.9% 136,546,156 11.2% 1.95x 59.6% 7.568%
2.00x - 2.99x........ 16 4.8% 35,690,841 2.9% 2.27x 48.5% 6.903%
3.00x - MaxDSCR...... 3 0.9% 13,968,246 1.1% 3.85x 20.8% 7.010%
--- ----- -------------- ----- ----- ---- -----
Total/Wtd Avg........ 331 100.0% $1,222,145,439 100.0% 1.56x 69.9% 7.268%
=== ===== ============== ===== ===== ==== =====
</TABLE>
CUT-OFF DATE LOAN-TO-VALUE RATIO
<TABLE>
<CAPTION>
% OF WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE
RANGE OF CUT-OFF MORTGAGE MORTGAGE CUT-OFF DATE POOL UNDERWRITING CUT-OFF DATE MORTGAGE
DATE LTV RATIO(S) LOANS LOANS BALANCE BALANCE DSCR LTV RATIO RATE
----------------- --------- -------- -------------- ------- ------------ ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
17.4% - 29.9%........ 1 0.3% $ 10,977,077 0.9% 3.94x 17.4% 7.000%
30.0% - 49.9%........ 21 6.3% 47,649,870 3.9% 2.14x 43.8% 7.057%
50.0% - 59.9%........ 39 11.8% 101,762,366 8.3% 1.77x 56.0% 6.995%
60.0% - 64.9%........ 23 6.9% 143,816,374 11.8% 1.82x 62.3% 7.634%
65.0% - 69.9%........ 54 16.3% 199,760,744 16.3% 1.51x 67.1% 7.315%
70.0% - 74.9%........ 87 26.3% 283,605,312 23.2% 1.46x 73.1% 7.268%
75.0% - 79.9%........ 96 29.0% 306,180,521 25.1% 1.41x 78.4% 7.061%
80.0% - 84.6%........ 10 3.0% 128,393,175 10.5% 1.33x 80.6% 7.597%
--- ----- -------------- ----- ----- ---- -----
Total/Wtd Avg........ 331 100.0% $1,222,145,439 100.0% 1.56x 69.9% 7.268%
=== ===== ============== ===== ===== ==== =====
</TABLE>
MATURITY DATE LOAN-TO-VALUE RATIO
<TABLE>
<CAPTION>
WEIGHTED
RANGE OF % OF WEIGHTED AVERAGE WEIGHTED
MATURITY NUMBER OF % OF AGGREGATE INITIAL AVERAGE MATURITY AVERAGE
DATE LTV MORTGAGE MORTGAGE CUT-OFF DATE POOL UNDERWRITING DATE MORTGAGE
RATIO(S) LOANS LOANS BALANCE BALANCE DSCR LTV RATIO RATE
-------- --------- -------- -------------- ------- ------------ ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
0% - 24.9%........ 10 3.0% $ 28,935,429 2.4% 2.45x 5.8% 7.138%
25.0% - 49.9%........ 53 16.0% 130,235,924 10.7% 1.88x 42.6% 7.015%
50.0% - 59.9%........ 80 24.2% 358,796,806 29.4% 1.64x 54.8% 7.485%
60.0% - 64.9%........ 72 21.8% 228,747,251 18.7% 1.44x 62.6% 7.268%
65.0% - 69.9%........ 94 28.4% 339,001,804 27.7% 1.45x 67.7% 7.010%
70.0% - 72.7%........ 22 6.6% 136,428,225 11.2% 1.33x 71.2% 7.607%
--- ----- -------------- ----- ----- ---- -----
Total/Wtd Avg........ 331 100.0% $1,222,145,439 100.0% 1.56x 59.2% 7.268%
=== ===== ============== ===== ===== ==== =====
</TABLE>
A-9
<PAGE> 54
MORTGAGE RATES
<TABLE>
<CAPTION>
WEIGHTED
WEIGHTED AVERAGE WEIGHTED
RANGE OF NUMBER OF % OF AGGREGATE % OF AVERAGE CUT-OFF AVERAGE
MORTGAGE MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING DATE MORTGAGE
RATES LOANS LOANS BALANCE BALANCE DSCR LTV RATIO RATE
-------- --------- -------- -------------- ------------ ------------ ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
6.196% -- 6.499%...... 7 2.1% $ 16,712,465 1.4% 2.13x 62.8% 6.373%
6.500% -- 6.999%...... 80 24.2% 330,676,718 27.1% 1.55x 71.0% 6.812%
7.000% -- 7.249%...... 114 34.4% 317,635,860 26.0% 1.62x 68.8% 7.070%
7.250% -- 7.499%...... 62 18.7% 189,156,359 15.5% 1.47x 72.5% 7.301%
7.500% -- 7.749%...... 29 8.8% 100,821,307 8.2% 1.41x 68.8% 7.534%
7.750% -- 7.999%...... 15 4.5% 171,926,998 14.1% 1.73x 64.7% 7.827%
8.000% -- 8.499%...... 19 5.7% 74,910,719 6.1% 1.33x 77.4% 8.228%
8.500% -- 8.999%...... 5 1.5% 20,305,014 1.7% 1.37x 72.9% 8.621%
--- ----- -------------- ----- ----- ---- -----
Total/Wtg Avg......... 331 100.0% $1,222,145,439 100.0% 1.56x 69.9% 7.268%
=== ===== ============== ===== ===== ==== =====
</TABLE>
ORIGINAL TERM TO MATURITY
<TABLE>
<CAPTION>
WEIGHTED
WEIGHTED AVERAGE WEIGHTED
ORIGINAL TERM NUMBER OF % OF AGGREGATE % OF AVERAGE CUT-OFF AVERAGE
TO MATURITY MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING DATE MORTGAGE
(MONTHS) LOANS LOANS BALANCE BALANCE DSCR LTV RATIO RATE
------------- --------- -------- -------------- ------------ ------------ ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
60................... 1 0.3% $ 2,175,462 0.2% 1.22x 37.8% 7.250%
84................... 2 0.6% 4,954,471 0.4% 1.59x 61.7% 8.650%
113................... 1 0.3% 6,388,917 0.5% 1.28x 79.4% 7.090%
116................... 1 0.3% 3,955,964 0.3% 1.38x 69.4% 6.930%
120................... 301 90.9% 1,134,889,729 92.9% 1.57x 70.0% 7.271%
125................... 1 0.3% 15,941,598 1.3% 1.39x 80.1% 6.900%
132................... 1 0.3% 3,829,161 0.3% 1.30x 79.6% 7.000%
144................... 1 0.3% 997,280 0.1% 2.19x 55.4% 7.000%
180................... 22 6.6% 49,012,859 4.0% 1.52x 65.2% 7.267%
--- ----- -------------- ----- ----- ---- -----
Total/Wtd Avg......... 331 100.0% $1,222,145,439 100.0% 1.56x 69.9% 7.268%
=== ===== ============== ===== ===== ==== =====
</TABLE>
ORIGINAL AMORTIZATION TERM (1)
<TABLE>
<CAPTION>
ORIGINAL % OF WEIGHTED WEIGHTED WEIGHTED
AMORTIZATION NUMBER OF % OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE
TERM MORTGAGE MORTGAGE CUT-OFF DATE POOL UNDERWRITING CUT-OFF DATE MORTGAGE
(MONTHS) LOANS LOANS BALANCE BALANCE DSCR LTV RATIO RATE
------------ --------- -------- -------------- ------- ------------ ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
60...................... 1 0.3% $ 2,175,462 0.2% 1.22x 37.8% 7.250%
180...................... 8 2.4% 15,782,890 1.3% 1.58x 54.5% 7.218%
240...................... 10 3.0% 32,913,829 2.7% 1.41x 69.5% 7.756%
252...................... 1 0.3% 3,829,161 0.3% 1.30x 79.6% 7.000%
282...................... 1 0.3% 9,253,802 0.8% 1.80x 66.7% 7.750%
300...................... 77 23.3% 280,235,183 22.9% 1.74x 65.5% 7.475%
306...................... 1 0.3% 5,319,872 0.4% 1.27x 84.6% 7.000%
353...................... 1 0.3% 6,388,917 0.5% 1.28x 79.4% 7.090%
360...................... 230 69.5% 813,708,020 66.6% 1.53x 70.9% 7.112%
371...................... 1 0.3% 52,538,304 4.3% 1.26x 80.7% 8.273%
--- ----- -------------- ----- ----- ---- -----
Total/Wtd Avg............ 331 100.0% $1,222,145,439 100.0% 1.56x 69.9% 7.268%
=== ===== ============== ===== ===== ==== =====
</TABLE>
- ---------------
(1) For Mortgage Loans which accrue interest on the basis of actual days elapsed
during each calendar month and a 360-day year, the amortization term is the
term in which the loan would amortize if interest paid on the basis of a
30-day month and a 360-day year. The actual amortization term would be
longer.
A-10
<PAGE> 55
REMAINING TERM TO MATURITY
<TABLE>
<CAPTION>
RANGE OF
REMAINING NUMBER % OF WEIGHTED WEIGHTED WEIGHTED
TERMS TO OF % OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE
MATURITY MORTGAGED MORTGAGE CUT-OFF DATE POOL UNDERWRITING CUT-OFF DATE MORTGAGE
(MONTHS) LOANS LOANS BALANCE BALANCE DSCR LTV RATIO RATE
--------- --------- -------- -------------- ------- ------------ ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
57 - 59................. 1 0.3% $ 2,175,462 0.2% 1.22x 37.8% 7.250%
60 - 83................. 2 0.6% 4,954,471 0.4% 1.59x 61.7% 8.650%
84 - 119................ 303 91.5% 1,145,234,609 93.7% 1.57x 70.1% 7.268%
120 - 179................ 25 7.6% 69,780,898 5.7% 1.49x 69.2% 7.165%
--- ----- -------------- ----- ----- ---- -----
Total/Wtd Avg............ 331 100.0% $1,222,145,439 100.0% 1.56x 69.9% 7.268%
=== ===== ============== ===== ===== ==== =====
</TABLE>
YEAR OF MORTGAGE ORIGINATION
<TABLE>
<CAPTION>
% OF WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE
YEAR OF MORTGAGE MORTGAGE CUT-OFF DATE POOL UNDERWRITING CUT-OFF DATE MORTGAGE
ORIGINATION LOANS LOANS BALANCE BALANCE DSCR LTV RATIO RATE
----------- --------- -------- -------------- ------- ------------ ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
1997..................... 15 4.5% $ 162,533,457 13.3% 1.32x 75.4% 7.902%
1998..................... 316 95.5% 1,059,611,982 86.7% 1.60x 69.1% 7.171%
--- ----- -------------- ----- ----- ---- -----
Total/Wtd Avg............ 331 100.0% $1,222,145,439 100.0% 1.56x 69.9% 7.268%
=== ===== ============== ===== ===== ==== =====
</TABLE>
YEAR OF MORTGAGE MATURITY
<TABLE>
<CAPTION>
% OF WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE
YEAR OF MORTGAGE MORTGAGE CUT-OFF DATE POOL UNDERWRITING CUT-OFF DATE MORTGAGE
MATURITY LOANS LOANS BALANCE BALANCE DSCR LTV RATIO RATE
-------- --------- -------- -------------- ------- ------------ ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
2003................. 1 0.3% $ 2,175,462 0.2% 1.22x 37.8% 7.250%
2004................. 1 0.3% 1,039,767 0.1% 1.64x 56.2% 8.350%
2005................. 1 0.3% 3,914,704 0.3% 1.57x 63.1% 8.730%
2007................. 8 2.4% 93,941,771 7.7% 1.32x 72.6% 7.742%
2008................. 282 85.2% 883,656,571 72.3% 1.56x 70.0% 7.154%
2009................. 15 4.5% 187,407,026 15.3% 1.67x 70.0% 7.536%
2010................. 1 0.3% 997,280 0.1% 2.19x 55.4% 7.000%
2012................. 2 0.6% 5,291,786 0.4% 1.35x 78.5% 7.948%
2013 20 6.0% 43,721,073 3.6% 1.54x 63.6% 7.185%
--- ----- -------------- ----- ----- ---- -----
Total/Wtd Avg........ 331 100.0% $1,222,145,439 100.0% 1.56x 69.9% 7.268%
=== ===== ============== ===== ===== ==== =====
</TABLE>
A-11
