|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: October 17, 1996
(Date of earliest event reported)
Asset Securitization Corporation
(Exact Name of registrant as specified in its charter)
Delaware 33-49370 13-3672337
(State or Other Juris- (Commission (I.R.S. Employer
diction of Incorporation) File Number) Identification Number)
Two World Financial Center, Building B, New York, New York 10281
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code: 212-667-9300
This Document contains exactly 4 Pages.
The Exhibit Index is on Page 4.
<PAGE>
ITEM 5. OTHER EVENTS
This Current Report on Form 8-K relates to the Trust
Fund formed, and the Commercial Mortgage Pass-Through Certificates
Series 1996-D2 issued pursuant to a Pooling and Servicing
Agreement, dated as of March 1, 1996 (the "Pooling and Servicing
Agreement"), by and among Asset Securitization Corporation (the
"Company"), as depositor, Pacific Mutual Life Insurance Company, as
servicer and special servicer, LaSalle National Bank, as trustee
and ABN AMRO Bank N.V., as fiscal agent.
Capitalized terms used herein and not defined herein have
the same meanings ascribed to such terms in the Pooling and
Servicing Agreement.
Pursuant to Section 3.22 of the Pooling and Servicing
Agreement, Servicer is filing this Current Report containing the
October 17, 1996 monthly distribution report prepared by the
Trustee pursuant to Section 4.02(a) thereof.
This Current Report is being filed by the Servicer, in
its capacity as such under the Pooling and Servicing Agreement, on
behalf of the Registrant. The information reported and contained
herein has been supplied to the Servicer by one or more of the
Borrowers or other third parties without independent review or
investigation by the Servicer. Pursuant to the Pooling and
Servicing Agreement, the Servicer is not responsible for the
accuracy or completeness of such information.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
5.1 99 Monthly distribution
report pursuant to
Section 4.02(a) dated
October 17, 1996
<PAGE>
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.
Date: October 17, 1996 PACIFIC MUTUAL LIFE INSURANCE COMPANY, IN
ITS CAPACITY AS SERVICER UNDER THE POOLING
AND SERVICING AGREEMENT ON BEHALF OF ASSET
SECURITIZATION CORPORATION, REGISTRANT
By: /s/ M. A. Curran
M. A. Curran
Vice President
By: /s/ C.S. Dillion
C.S. Dillion
Assistant Secretary
<PAGE>
EXHIBIT INDEX
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
5.1 99 Monthly distribution
report pursuant to
Section 4.02(a) dated
October 17, 1996
ABN AMRO
LaSalle National Bank
Administrator:
Mary Collier (800) 246-5761
135 S. LaSalle Street Suite 1740
Chicago, IL 60603
^Asset Securitization Corporation
^Pacific Mutual Life Insurance Company as Servicer
^Pacific Mutual Life Insurance Company as Special Servicer
^Commercial Mortgage Pass-Through Certificates
^Series 1996-D2
^ABN AMRO Acct: 67-7484-92-5
Statement Date: 10/17/96
Payment Date: 10/17/96
Prior Payment: NA
Record Date: 10/10/96
WAC: 8.637642%
WAMM: 265
^Upper Tier
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1000 Per $1000 Per $1000
A-1 624,411,011.00 618,540,541.78 912,255.63
045424BF4 1000.000000 990.598389 1.460986
A-CS1 174,411,011.00 N 168,540,541.78
045424BG2 1000.000000 966.341178
A-CS2 590,712,339.00 N 590,712,339.00
045424BH0 1000.000000 1000.000000
A-2 52,767,127.00 52,767,127.00
045424BJ6 1000.000000 1000.000000
A-3 52,767,127.00 52,767,127.00
045424BK3 1000.000000 1000.000000
A-4 35,178,085.00 35,178,085.00
045424BL1,UO4509AU62 1000.000000 1000.000000
B-1A 8,250,000.00 8,250,000.00
045424BM9,UO4509AV4 1000.000000 1000.000000
B-1B 46,495,894.00 46,495,894.00
045424BY3,UO4509AW2 1000.000000 1000.000000
B-1H 11,213,015.00 11,213,015.00
045424BN7,UO4509AX0 1000.000000 1000.000000
B-2 29,197,811.00 29,197,811.00
045424BP2,UO4509AY8 1000.000000 1000.000000
B-2H 5,980,274.00 5,980,274.00
045424BQ0,UO4509AZ5 1000.000000 1000.000000
B-3 10,948,180.00 10,948,180.00
045424BR8,UO4509BA9 1000.000000 1000.000000
B-3Q 1,000.65 1,000.65
045424BT4 1000.000000 1000.000000
B-3H 2,242,603.00 2,242,603.00
045424BS6,UO4509BB7 1000.000000 1000.000000
R 0.00
045424BW7 1000.000000
879,452,127.65 873,581,658.43 912,255.63
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1000 Per $1000 Per $1000
A-1 617,628,286.15
045424BF4 989.137404
A-CS1 167,628,286.15
045424BG2 961.110684
A-CS2 590,712,339.00
045424BH0 1000.000000
A-2 52,767,127.00
045424BJ6 1000.000000
A-3 52,767,127.00
045424BK3 1000.000000
A-4 35,178,085.00
045424BL1,UO4509AU62 1000.000000
B-1A 8,250,000.00
045424BM9,UO4509AV4 1000.000000
B-1B 46,495,894.00
045424BY3,UO4509AW2 1000.000000
B-1H 11,213,015.00
045424BN7,UO4509AX0 1000.000000
B-2 29,197,811.00
045424BP2,UO4509AY8 1000.000000
B-2H 5,980,274.00
045424BQ0,UO4509AZ5 1000.000000
B-3 10,948,180.00
045424BR8,UO4509BA9 1000.000000
B-3Q 1,000.65
045424BT4 1000.000000
B-3H 2,242,603.00
045424BS6,UO4509BB7 1000.000000
R
045424BW7
872,669,402.80
Total P&I Payment 7,122,641.83
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1000 Per $1000 Next Rate (3)
A-1 3,566,917.13 6.920000%
045424BF4 5.712451 6.920000%
A-CS1 226,255.76 1.610929%
045424BG2 1.297256 1.729970%
A-CS2 734,404.01 1.491902%
045424BH0 1.243252 1.582586%
A-2 317,083.36 7.210929%
045424BJ6 6.009108 7.329970%
A-3 325,438.15 7.400929%
045424BK3 6.167441 7.519970%
A-4 227,512.19 7.760929%
045424BL1,UO4509AU62 6.467441 7.879970%
B-1A 58,650.14 8.530929%
045424BM9,UO4509AV4 7.109108 8.649970%
B-1B 330,544.32 8.530929%
045424BY3,UO4509AW2 7.109108 8.649970%
B-1H 79,714.53 8.530929%
045424BN7,UO4509AX0 7.109108 8.649970%
B-2 207,570.39 8.530929%
045424BP2,UO4509AY8 7.109108 8.649970%
B-2H 42,514.41 8.530929%
045424BQ0,UO4509AZ5 7.109108 8.649970%
B-3 77,831.79 8.530929%
045424BR8,UO4509BA9 7.109108 8.649970%
B-3Q 7.11 8.530929%
045424BT4 7.109108 8.649970%
B-3H 15,942.90 8.530929%
045424BS6,UO4509BB7 7.109105 8.649970%
R None
045424BW7
6,210,386.20
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
^Lower Tier
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1000 Per $1000 Per $1000
A-1A-L 174,411,011.00 168,540,541.78 912,255.63
None 1000.000000 966.341178 5.230493
A-1B-L 450,000,000.00 450,000,000.00
None 1000.000000 1000.000000
A-2-L 52,767,127.00 52,767,127.00
None 1000.000000 1000.000000
A-3-L 52,767,127.00 52,767,127.00
None 1000.000000 1000.000000
A-4-L 35,178,085.00 35,178,085.00
None 1000.000000 1000.000000
B-1A-L 8,250,000.00 8,250,000.00
None 1000.000000 1000.000000
B-1B-L 46,495,894.00 46,495,894.00
None 1000.000000 1000.000000
B-1H-L 11,213,015.00 11,213,015.00
None 1000.000000 12.750000
B-2-L 29,197,811.00 29,197,811.00
None 1000.000000 1000.000000
B-2H-L 5,980,274.00 5,980,274.00
None 1000.000000 1000.000000
B-3-L 10,948,180.00 10,948,180.00
None 1000.000000 1000.000000
B-3Q 1,000.65 1,000.65
None 1000.000000 1000.000000
B-3H-L 2,242,603.00 2,242,603.00
None 1000.000000 1000.000000
LR 0.00
045424BX5 1000.000000
879,452,127.65
873,581,658.43 912,255.63
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1000 Per $1000 Per $1000
A-1A-L 167,628,286.15
None 961.110684
A-1B-L 450,000,000.00
None 1000.000000
A-2-L 52,767,127.00
None 1000.000000
A-3-L 52,767,127.00
None 1000.000000
A-4-L 35,178,085.00
None 1000.000000
B-1A-L 8,250,000.00
None 1000.000000
B-1B-L 46,495,894.00
None 1000.000000
B-1H-L 11,213,015.00
None 12.750000
B-2-L 29,197,811.00
None 1000.000000
B-2H-L 5,980,274.00
None 1000.000000
B-3-L 10,948,180.00
None 1000.000000
B-3Q 1,000.65
None 1000.000000
B-3H-L 2,242,603.00
None 1000.000000
LR
045424BX5
872,669,402.80
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1000 Per $1000 Next Rate (3)
A-1A-L 1,198,172.88 8.530929%
None 6.869824 8.649970%
A-1B-L 3,199,098.52 8.530929%
None 7.109108 8.649970%
A-2-L 375,127.20 8.530929%
None 7.109108 8.649970%
A-3-L 375,127.19 8.530929%
None 7.109108 8.649970%
A-4-L 250,084.80 8.530929%
None 7.109108 8.649970%
B-1A-L 58,650.14 8.530929%
None 7.109108 8.649970%
B-1B-L 330,544.32 8.530929%
None 7.109108 8.649970%
B-1H-L 79,714.53 8.530929%
None 0.090641 8.649970%
B-2-L 207,570.39 8.530929%
None 7.109108 8.649970%
B-2H-L 42,514.41 8.530929%
None 7.109107 8.649970%
B-3-L 77,831.80 8.530929%
None 7.109108 8.649970%
B-3Q 7.11 8.530929%
None 7.105382 8.649970%
B-3H-L 15,942.91 8.530929%
None 7.109109 8.649970%
LR None
045424BX5
6,210,386.20
^Grantor Trust Certificates
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1000 Per $1000 Per $1000
V-1 0.00
045424BU1 1000.000000
V-2 0.00
045424BV9 1000.000000
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1000 Per $1000 Per $1000
V-1
045424BU1
V-2
045424BV9
Total P&I Payment
2,218.84
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1000 Per $1000 Next Rate (3)
V-1 2,218.84 None
045424BU1
V-2 None
045424BV9
2,218.84
Amount of Available Funds allocable to principal:
SMI Available Funds allocable to principal
SMI Certificate Distribution Amount 43,078.75
Other Principal Distribution Amount 734,459.39
Senior Housing/Healthcare Prin Distrib. Amt 177,796.24
Advance Summary: Beginning Current
Unreimbursed Period
Servicer Property Protection Advance
Servicer SMI Certificate Advance 43,078.75 43,078.75
Servicer P&I Advances 20,130.03 23,715.03
Trustee P&I Advances
Fiscal Agent P&I Advance
Total 63,208.78 66,793.78
Advance Summary: Ending
Reimbursed Unreimbursed
Servicer Property Protection Advance
Servicer SMI Certificate Advance 43,078.75 43,078.75
Servicer P&I Advances 20,130.03 23,715.03
Trustee P&I Advances
Fiscal Agent P&I Advance
Total 63,208.78 66,793.78
Class A-CS-2 Components Reduction Interest Distribution Amounts
A-1B Component
A-2 Component
A-3 Component
A-4 Component
Class A-CS-2 Components Reduction Interest Shortfalls
A-1B Component
A-2 Component
A-3 Component
A-4 Component
Repurchases as per sections 2.03(d), 2.03(e), 3.18, 9.01(c)
Outstanding Principal Balance
Repurchase Price
Summary of REO Property:
Appraised value of real estate acquired through foreclosure
or grant of a deed in lieu of foreclosure
Property Name Date of REO Principal Balance
Totals
Date of Final
Property Name Book Value Recovery
Totals
Amount Aggregate Other
Property Name of Proceeds Revenues Collected
Totals
Specially Serviced Mortgage Loans:
Principal
Borrower Number Balance
Summary of Expenses:
Current Period Servicing Fees 73,848.73
Current Period Trustee Fees 3,639.92
Current Period Special Servicing Fees
Additional Servicing Fees, per Section 3.12(a) 196,285.25
Total 273,773.90
Amount per $1,000
Prepayment Premiums received during the Collection Period
Default Interest received during the Collection Period
Net Default Interest received during the Collection Period
Excess Interest received during the Collection Period
Prepayment Premiums received during the Collection Period
Default Interest received during the Collection Period 2,237.52
Net Default Interest received during the Collection Period 2,218.84
Excess Interest received during the Collection Period
Current
Prior Remaining Realized
Interest Interest Loss
Class Shortfall Shortfall Allocation
A-1
A-CS1
A-CS2
A-2
A-3
A-4
B-1A
B-1B
B-1H
B-2
B-2H
B-3
B-3Q
B-3H 0.00 0.01
Total 0.00 0.01
Aggregate
Realized
Loss
Class Allocation
A-1
A-CS1
A-CS2
A-2
A-3
A-4
B-1A
B-1B
B-1H
B-2
B-2H
B-3
B-3Q
B-3H
Total
Current
Realized Losses on Mortgage Loans
Realized Losses on SMI Certificate
Cumulative
Realized Losses on Mortgage Loans
Realized Losses on SMI Certificate
Strip Component Balances: Beginning
Principal
Balance
A-1A 168,540,541.78
A-1B 450,000,000.00
A-2 52,767,127.00
A-3 52,767,127.00
A-4 35,178,085.00
SMI Certificate 8,250,000.00
Strip Component Balances: Ending
Principal
Balance
A-1A 167,628,286.15
A-1B 450,000,000.00
A-2 52,767,127.00
A-3 52,767,127.00
A-4 35,178,085.00
SMI Certificate 8,250,000.00
TOTAL
Delinquency /Prepayment / Rate History Reporting
Distribution Delinq 1 Month Delinq 2
Months
Date # Balance #
Balance
10/17/96
09/16/96
08/14/96
07/16/96
06/14/96
05/15/96
04/16/96
03/14/96
Distribution Delinq 3+ Months Foreclosure /
Bankruptcy
Date # Balance #
Balance
10/17/96
09/16/96
08/14/96
07/16/96
06/14/96
05/15/96
04/16/96
03/14/96
Distribution REO Modifications
Date # Balance #
Balance
10/17/96
09/16/96
08/14/96
07/16/96
06/14/96
05/15/96
04/16/96
03/14/96
Distribution Prepayments Next Weighted Avg.
Date # Balance Coupon Remit
10/17/96 8.78673% 8.6500%
09/16/96 8.63497% 8.5005%
08/14/96 8.78692% 8.6502%
07/16/96 8.78692% 8.6502%
06/14/96 8.63525% 8.5305%
05/15/96 8.82185% 8.7151%
04/16/96 8.67011% 8.5634%
03/14/96 8.79002% 8.6833%
Note: Foreclosure and REO Totals are Included in the
Appropriate Delinquency Aging Category
Distribution of Principal Balances
Current
Scheduled Scheduled
Principal Number Principal
Balances of Loans Balance
$0 to $300000
$300001 to $1000000 4 3,677,412
$1000001 to $1300000 9 10,434,249
$1300001 to $1600000 3 4,419,838
$1600001 to $1800000 8 13,619,257
$1800001 to $2100000 7 13,498,840
$2100001 to $2500000 16 36,951,453
$2500001 to $3000000 11 30,474,701
$3000001 to $3300000 5 15,566,179
$3300001 to $4800000 8 32,995,987
$4800001 to $5500000 10 51,035,969
$5500001 to $6300000 4 23,727,379
$6300001 to $7800000 5 34,651,259
$7800001 to $9300000 4 32,237,731
$9300001 to $10800000 3 30,393,770
$10800001 to $12300000 1 10,843,883
$12300001 to $13800000 6 76,058,155
$13800001 to $16800000 5 79,907,470
$16800001 to $18300000 3 52,856,454
$18300001 and above 12 311,069,418
Total 124 864,419,404
Average Scheduled Balance is 6,981,355
Maximum Scheduled Balance is 58,165,065
Minimum Scheduled Balance is 834,842
Distribution of Principal Balances
Current
Scheduled
Principal Based on
Balances Balance
$0 to $300000
$300001 to $1000000 0.43%
$1000001 to $1300000 1.21%
$1300001 to $1600000 0.51%
$1600001 to $1800000 1.58%
$1800001 to $2100000 1.56%
$2100001 to $2500000 4.27%
$2500001 to $3000000 3.53%
$3000001 to $3300000 1.80%
$3300001 to $4800000 3.82%
$4800001 to $5500000 5.90%
$5500001 to $6300000 2.74%
$6300001 to $7800000 4.01%
$7800001 to $9300000 3.73%
$9300001 to $10800000 3.52%
$10800001 to $12300000 1.25%
$12300001 to $13800000 8.80%
$13800001 to $16800000 9.24%
$16800001 to $18300000 6.11%
$18300001 and above 35.99%
Total 100.00%
Average Scheduled Balance is 6,981,355
Maximum Scheduled Balance is 58,165,065
Minimum Scheduled Balance is 834,842
Distribution of Property Types
Scheduled
Number Principal
Property Types of Loans Balance
Multifamily 33 228,036,137
Hospitality 30 202,586,387
Medical Office Building 11 172,574,355
Mobile Home Park 32 120,743,380
Retail-Anchored 7 67,201,070
Research & development facility 2 37,458,610
Office 5 22,572,891
Retail-Single Tenant 4 13,246,575
Total 124 864,419,404
Distribution of Property Types
Based on
Property Types Balance
Multifamily 26.38%
Hospitality 23.44%
Medical Office Building 19.96%
Mobile Home Park 13.97%
Retail-Anchored 7.77%
Reseach & development facility 4.33%
Office 2.61%
Retail-Single Tenant 1.53%
Total 100.00%
Distribution of Mortgage Interest Rates
Current
Mortgage Scheduled
Interest Number Principal
Rate (1) of Loans Balance
7.250% or less
7.250% to 7.500% 3 24,040,320
7.500% to 7.750% 8 113,656,079
7.750% to 8.000% 14 100,282,553
8.000% to 8.250% 11 58,006,626
8.250% to 8.500% 18 56,284,606
8.500% to 8.750% 15 98,988,174
8.750% to 9.000% 19 129,234,986
9.000% to 9.250% 12 68,719,475
9.250% to 9.500% 14 112,397,244
9.500% to 9.750% 4 32,670,364
9.750% to 10.000% 3 49,631,879
10.000% to 10.250% 3 20,507,098
10.250% to 10.500%
10.750% & above
Total 124 864,419,404
Weighted Average Mortgage Interest Rate is 8.6349%
Minimum Mortgage Interest Rate is 7.2700%
Maximum Mortgage Interest Rate is 10.2000%
Distribution of Mortgage Interest Rates
Current
Mortgage
Interest Based on
Rate (1) Balance
7.250% or less
7.250% to 7.500% 2.78%
7.500% to 7.750% 13.15%
7.750% to 8.000% 11.60%
8.000% to 8.250% 6.71%
8.250% to 8.500% 6.51%
8.500% to 8.750% 11.45%
8.750% to 9.000% 14.95%
9.000% to 9.250% 7.95%
9.250% to 9.500% 13.00%
9.500% to 9.750% 3.78%
9.750% to 10.000% 5.74%
10.000% to 10.250% 2.37%
10.250% to 10.500%
10.750% & above
Total 100.00%
Weighted Average Mortgage Interest Rate is 8.635%
Minimum Mortgage Interest Rate is 7.270%
Maximum Mortgage Interest Rate is 10.200%
Geographic Distribution
Not
Applicable
on Loan Level
Loan Seasoning Scheduled
Number Princpal
Number of Years of Loans Balance
1 year or less 120 849,298,244
1+ to 2 years 4 15,121,160
2+ to 3 years
3+ to 4 years
4+ to 5 years
5+ to 6 years
6+ to 7 years
7+ to 8 years
8+ to 9 years
9+ to 10 years
10 years or more
Total 124 864,419,404
Weighted Average Seasoning is 8.7
Loan Seasoning
Based on
Number of Years Balance
1 year or less 98.25%
1+ to 2 years 1.75%
2+ to 3 years
3+ to 4 years
4+ to 5 years
5+ to 6 years
6+ to 7 years
7+ to 8 years
8+ to 9 years
9+ to 10 years
10 years or more
Total 100.00%
Distribution of Amortization Type
Scheduled
Number Principal
Amortization Type of Loans Balance
Fully Amortizing 81 722,148,283
Amortizing Balloon 43 142,271,120
Total 124 864,419,404
Distribution of Amortization Type
Based on
Amortization Type Balance
Fully Amortizing 83.54%
Amortizing Balloon 16.46%
Total 100.00%
Distribution of Remaining Term
Fully Amortizing Scheduled
Fully Amortizing Number Principal
Mortgage Loans of Loans Balance
60 months or less
61 to 120 months
121 to 180 months 1 2,134,457
181 to 240 months 24 173,914,844
241 to 360 months 56 546,098,983
Total 81 722,148,283
Weighted Average Months to Maturity is 296
Distribution of Remaining Term
Fully Amortizing Based on
Fully Amortizing Balance
Mortgage Loans
60 months or less
61 to 120 months
121 to 180 months 0.25%
181 to 240 months 20.12%
241 to 360 months 63.18%
Total 83.54%
Distribution of Remaining Term
Balloon Loans Scheduled
Balloon Number Principal
Mortgage Loans of Loans Balance
12 months or less
13 to 24 months
25 to 36 months
37 to 48 months 1 3,026,383
49 to 60 months 38 129,601,238
61 to 120 months 2 2,072,193
121 to 180 months 2 7,571,307
181 to 240 months
Total 43 142,271,120
Weighted Average Months to Maturity is 113
Distribution of Remaining Term
Balloon Loans
Balloon Based on
Mortgage Loans Balance
12 months or less
13 to 24 months
25 to 36 months
37 to 48 months 0.35%
49 to 60 months 14.99%
61 to 120 months 0.24%
121 to 180 months 0.88%
181 to 240 months
Total 16.46%
Distribution of DSCR
Not
Available
NOI Aging
Not
Available
Loan Level Detail
Special
Offering Servicer
Circular Property Transfer
Control # Type Date State
1 Multifamily TX
2 Multifamily MI
3 Multifamily CA
4 Multifamily GA
5 Multifamily AL
6 Multifamily AZ
7 Multifamily AZ
8 Multifamily NY
9 Multifamily FL
10 Multifamily UT
11 Multifamily TX
12 Multifamily CA
13 Multifamily IA
14 Multifamily TX
15 Multifamily MA
16 Multifamily NJ
17 Multifamily TX
18 Multifamily MI
19 Multifamily MO
20 Multifamily TX
21 Multifamily DE
22 Multifamily TX
23 Multifamily CO
24 Multifamily OK
25 Multifamily MI
26 Multifamily OK
27 Multifamily TX
28 Multifamily CA
29 Multifamily AZ
30 Multifamily CA
31 Multifamily DC
32 Multifamily CO
33 Multifamily DC
34 Mobile Home Park MI
35 Mobile Home Park OR
36 Mobile Home Park FL
37 Mobile Home Park CO
38 Mobile Home Park AZ
39 Mobile Home Park MI
40 Mobile Home Park MI
41 Mobile Home Park WA
42 Mobile Home Park CA
43 Mobile Home Park FL
44 Mobile Home Park MD
45 Mobile Home Park MN
46 Mobile Home Park CO
47 Mobile Home Park IN
48 Mobile Home Park CA
49 Mobile Home Park MN
50 Mobile Home Park OH
51 Mobile Home Park IL
52 Mobile Home Park CO
53 Mobile Home Park IL
54 Mobile Home Park MN
55 Mobile Home Park OR
56 Mobile Home Park ND
57 Mobile Home Park TX
58 Mobile Home Park OR
59 Mobile Home Park MO
60 Mobile Home Park CO
61 Mobile Home Park CO
62 Mobile Home Park MI
63 Mobile Home Park FL
64 Mobile Home Park OR
65 Mobile Home Park TX
66 Office UT
67 Office CA
68 Office CA
69 Office CA
70 Office LA
71 Research & development facility MI
72 Research & development facility CA
73 Retail-Anchored FL
74 Retail-Anchored TX
75 Retail-Anchored MI
76 Retail-Anchored PA
77 Retail-Anchored AZ
78 Retail-Anchored TX
79 Retail-Anchored CO
80 Retail-Single Tenant CA
81 Retail-Single Tenant FL
82 Retail-Single Tenant TX
83 Retail-Single Tenant NY
84 Medical Office Building NJ
85 Medical Office Building CA
86 Medical Office Building IL
87 Medical Office Building MO
88 Medical Office Building IL
89 Medical Office Building IL
90 Medical Office Building IL
91 Medical Office Building NJ
92 Medical Office Building NC
93 Medical Office Building TX
94 Medical Office Building IL
95 Hospitality VA
96 Hospitality MO
97 Hospitality UT
98 Hospitality TX
99 Hospitality TX
100 Hospitality TN
101 Hospitality MD
102 Hospitality MD
103 Hospitality AL
104 Hospitality LA
105 Hospitality ME
106 Hospitality NC
107 Hospitality TX
108 Hospitality NE
109 Hospitality CT
110 Hospitality CO
111 Hospitality NC
112 Hospitality GA
113 Hospitality WA
114 Hospitality LA
115 Hospitality NC
116 Hospitality AZ
117 Hospitality MA
118 Hospitality VA
119 Hospitality AZ
120 Hospitality GA
121 Hospitality VA
122 Hospitality MD
123 Hospitality TN
124 Hospitality VA
125 SMI Certificate
Offering Ending
Circular Maturity Scheduled Note
Control # Date Balance Rate
1 01/11/2026 58,165,065 7.6900%
2 02/11/2026 19,538,412 7.8350%
3 02/11/2026 16,315,567 7.7300%
4 02/11/2026 15,908,183 7.2700%
5 02/11/2026 12,929,280 8.0500%
6 02/11/2026 12,734,101 7.7300%
7 02/11/2026 10,843,883 7.7300%
8 02/11/2026 8,406,108 8.2800%
9 01/11/2026 6,560,275 8.1500%
10 11/11/2005 5,734,477 8.3585%
11 09/11/2015 5,401,448 8.9800%
12 01/11/2006 5,051,368 8.1200%
13 12/11/2005 4,090,711 8.2150%
14 02/11/2026 3,879,921 7.7300%
15 10/11/2020 3,801,475 8.9100%
16 11/11/2005 3,166,973 8.9200%
17 02/11/2001 3,026,383 8.6600%
18 02/11/2026 2,983,183 7.9000%
19 12/11/2005 2,909,678 8.3100%
20 02/11/2026 2,683,485 7.4600%
21 03/11/2021 2,678,867 7.7400%
22 08/11/2005 2,380,842 9.0300%
23 09/11/2005 2,369,252 8.6610%
24 01/11/2006 2,277,466 7.9500%
25 09/11/2015 2,169,859 8.2400%
26 01/11/2006 2,178,412 7.9400%
27 11/11/2002 1,888,838 8.4800%
28 10/11/2005 1,659,907 8.5200%
29 12/11/2025 1,619,492 8.3500%
30 10/11/2005 1,563,141 8.5200%
31 01/11/2011 1,178,743 8.1700%
32 11/11/2005 1,047,894 8.2900%
33 02/11/2011 893,450 8.1700%
34 02/11/2026 17,899,098 7.9000%
35 02/11/2026 13,274,189 7.8350%
36 12/11/2020 9,890,082 7.9100%
37 02/11/2026 6,761,384 7.8350%
38 02/11/2026 5,414,079 7.8350%
39 02/11/2026 5,071,411 7.9000%
40 08/11/2005 4,927,938 8.4100%
41 02/11/2026 4,971,606 7.8350%
42 02/11/2006 4,673,123 7.8000%
43 11/11/2005 3,660,875 8.7700%
44 03/11/2006 3,210,584 8.3450%
45 11/11/2005 3,140,048 8.5200%
46 02/11/2006 2,973,960 7.9500%
47 01/11/2003 2,873,982 8.5000%
48 08/11/2020 2,365,135 8.3600%
49 01/11/2006 2,376,148 7.8600%
50 10/11/2005 2,323,096 8.8400%
51 01/11/2021 2,200,211 8.5400%
52 11/11/2020 2,190,610 9.1800%
53 01/11/2021 2,061,459 8.5400%
54 01/11/2006 1,982,172 8.5400%
55 11/11/2005 1,930,294 9.0500%
56 01/11/2006 1,832,915 8.3200%
57 12/11/2005 1,781,730 8.4100%
58 03/11/2021 1,787,305 8.3900%
59 03/11/2006 1,778,285 8.8500%
60 11/11/2020 1,484,668 8.9800%
61 11/11/2005 1,372,029 8.4400%
62 08/11/2005 1,220,093 8.3100%
63 02/11/2006 1,239,356 8.0700%
` 64 09/11/2020 1,085,746 8.5900%
65 12/11/2005 989,768 8.3600%
66 10/11/2020 7,969,272 9.2900%
67 02/11/2021 5,448,652 7.4900%
68 02/11/2021 4,959,881 8.4400%
69 02/11/2021 3,022,191 7.6400%
70 02/11/2021 1,172,894 8.0500%
71 11/11/2005 20,488,054 8.5800%
72 08/11/2020 16,970,556 9.3600%
73 02/11/2021 20,241,742 8.1250%
74 01/11/2026 19,398,132 8.8500%
75 11/11/2005 10,499,784 8.7700%
76 01/11/2021 6,016,484 7.7450%
77 10/11/2002 5,998,957 8.7900%
78 02/11/2016 2,567,022 8.7500%
79 02/11/2006 2,478,949 8.1400%
80 01/11/2006 7,356,758 8.3500%
81 02/11/2021 3,716,437 8.9700%
82 11/11/2005 1,214,027 9.2600%
83 10/11/2005 959,352 9.1000%
84 11/11/2020 37,221,352 9.8600%
85 01/11/2018 29,715,636 9.4500%
86 12/11/2020 21,573,023 8.8800%
87 02/11/2016 18,666,845 9.2400%
88 02/11/2021 15,391,899 8.6900%
89 12/11/2020 12,398,289 8.8800%
90 12/11/2020 12,398,289 8.8800%
91 10/11/2020 10,003,904 9.9100%
92 11/11/2020 8,038,096 9.7300%
93 12/11/2020 4,965,084 9.6000%
94 12/11/2020 2,201,936 8.8800%
95 02/11/2016 23,098,377 8.6800%
96 02/11/2016 22,394,565 9.2700%
97 02/11/2016 20,568,215 9.2500%
98 01/11/2021 17,986,800 9.7100%
99 01/11/2016 16,522,007 8.5500%
100 09/11/2015 15,769,814 10.1900%
` 101 02/11/2021 12,324,008 9.3500%
102 03/11/2021 7,824,255 8.9450%
103 11/11/2015 7,575,896 9.4800%
104 12/11/2015 6,396,947 8.8100%
105 02/11/2021 5,977,462 9.2200%
106 02/11/2016 4,824,501 9.2100%
107 01/11/2016 4,684,850 9.1000%
108 11/11/2015 4,488,595 9.2800%
109 02/11/2016 2,766,455 9.2100%
110 11/11/2015 2,751,998 8.9800%
111 01/11/2016 2,683,244 9.2200%
112 09/11/2015 2,602,827 10.0900%
113 12/11/2015 2,460,120 8.7600%
114 12/11/2015 2,438,337 9.3600%
115 10/11/2015 2,406,623 9.8300%
116 10/11/2010 2,134,457 10.2000%
117 12/11/2015 1,970,667 9.4400%
118 02/11/2016 1,832,495 8.6400%
119 02/11/2016 1,680,384 9.5100%
120 01/11/2016 1,677,255 9.3000%
121 02/11/2021 1,634,899 9.3400%
122 02/11/2021 1,188,690 9.3400%
123 02/11/2016 1,086,805 9.2000%
124 02/11/2021 834,842 9.3400%
125 02/14/2026 8,250,000 6.3410%
872,669,404
Offering Scheduled
Circular Principal Prepayments Prepayment
Control # Payment /Liquidations Date
1 43,657
2 14,268
3 12,088
4 12,910
5 9,048
6 9,434
7 8,034
8 5,619
9 4,534
10 6,166
11 5,352
12 5,550
13 4,463
14 2,875
15 3,776
16 3,115
17 3,027
18 2,151
19 3,127
20 2,109
21 3,078
22 1,436
23 2,469
24 2,570
25 2,415
26 2,462
27 1,992
28 1,091
29 1,084
30 1,027
31 1,285
32 1,139
33 966
34 12,904
35 9,694
36 11,320
37 4,938
38 3,954
39 3,656
40 5,384
41 3,631
42 3,436
43 3,688
44 2,103
45 3,291
46 3,331
47 2,973
48 2,604
49 2,720
50 2,334
51 2,262
52 2,067
53 2,119
54 2,038
55 1,859
56 1,951
57 1,885
58 1,852
59 1,711
60 1,446
61 1,456
62 2,233
63 1,362
64 1,144
65 1,055
66 7,451
67 6,559
68 5,139
69 3,554
70 1,293
71 35,690
72 15,681
73 21,941
74 11,654
75 10,577
76 7,012
77 6,074
78 4,228
79 2,694
80 7,794
81 3,536
82 1,131
83 925
84 30,979
85 36,039
86 20,946
87 28,813
88 15,228
89 12,038
90 12,038
91 8,462
92 6,838
93 4,278
94 2,138
95 38,218
96 34,439
97 31,709
98 15,124
99 28,460
100 22,321
101 10,938
102 7,412
103 11,731
104 10,648
105 5,461
106 7,510
107 7,460
108 7,122
109 4,306
110 4,528
111 4,210
112 3,814
113 4,120
114 3,796
115 3,605
116 5,720
117 3,038
118 3,047
119 2,520
120 2,606
121 1,454
122 1,057
123 1,694
124 742
125
912,256
Offering Paid Prepayment Loan
Circular Through Premium Status
Control # Date Amount Code (*)
1 10/11/96
2 10/11/96
3 10/11/96
4 10/11/96
5 10/11/96
6 10/11/96
7 10/11/96
8 10/11/96
9 10/11/96
10 10/11/96
11 10/11/96
12 10/11/96
13 10/11/96
14 10/11/96
15 10/11/96
16 10/11/96
17 10/11/96
18 10/11/96
19 10/11/96
20 10/11/96
21 10/11/96
22 10/11/96
23 10/11/96
24 10/11/96
25 10/11/96
26 10/11/96
27 10/11/96
28 10/11/96
29 10/11/96
30 10/11/96
31 10/11/96
32 10/11/96
33 10/11/96
34 10/11/96
35 10/11/96
36 10/11/96
37 10/11/96
38 10/11/96
39 10/11/96
40 10/11/96
41 10/11/96
42 10/11/96
43 10/11/96
44 10/11/96
45 10/11/96
46 10/11/96
47 10/11/96
48 10/11/96
49 10/11/96
50 10/11/96
51 10/11/96
52 10/11/96
53 10/11/96
54 10/11/96
55 10/11/96
56 10/11/96
57 10/11/96
58 10/11/96
59 10/11/96
60 10/11/96
61 10/11/96
62 10/11/96
63 10/11/96
64 10/11/96
65 10/11/96
66 10/11/96
67 10/11/96
68 10/11/96
69 10/11/96
70 10/11/96
71 10/11/96
72 10/11/96
73 10/11/96
74 10/11/96
75 10/11/96
76 10/11/96
77 10/11/96
78 10/11/96
79 10/11/96
80 10/11/96
81 10/11/96
82 10/11/96
83 10/11/96
84 10/11/96
85 10/11/96
86 10/11/96
87 10/11/96
88 10/11/96
89 10/11/96
90 10/11/96
91 10/11/96
92 10/11/96
93 10/11/96
94 10/11/96
95 10/11/96
96 10/11/96
97 10/11/96
98 10/11/96
99 10/11/96
100 10/11/96
101 10/11/96
102 10/11/96
103 10/11/96
104 10/11/96
105 10/11/96
106 10/11/96
107 10/11/96
108 10/11/96
109 10/11/96
110 10/11/96
111 10/11/96
112 10/11/96
113 10/11/96
114 10/11/96
115 10/11/96
116 09/11/96
117 10/11/96
118 10/11/96
119 10/11/96
120 10/11/96
121 10/11/96
122 10/11/96
123 10/11/96
124 10/11/96
125 09/15/96
(*) Legend:
1) Specially Serviced
2) Foreclosure
3) Bankruptcy
4) REO
5) Prepay in Full
6) DPO
7) Foreclosure Sale
8) Bankruptcy Sale
9) REO Disposition
10) Modification/Workout
Specially Serviced Loan Detail
No specially serviced mortgage loans as of the current Due Date.
Offering Sched Sched
Distribution Circular Principal Interest
Date Control # Balance Rate
No specially serviced mortgage loans as of the current Due Date.
` Date of last
Distribution Maturity Property Operating
Date Date Type State Stmt
Debt Service Specially
Distribution Net Operating Coverage Serviced
Date Income Ratio Status Code (*)
* Legend :
1) Request for waiver of Prepayment Penalty
2) Payment default
3) Request for Loan Modification or Workout
4) Loans with Borrower Bankruptcy
5) Loans in Process of Foreclosure
6) Loans now REO Property
7) Loans Paid Off
8) Loans Returned to Master Servicer
Modified Loan Detail
No modified loans as of the current Due Date.
Offering
Distribution Circular Modification Modification
Date Control # Date Description
No modified loans as of the current Due Date.
Note: Aggregate liquidation expenses also include outstanding
P&I advances and unpaid servicing fees, unpaid special servicing
fees, unpaid trustee fees, etc..
Realized Loss Detail
No Realized Loss loans as of the current Due Date.
Appraisal
Offering Value/ Sched
Distribution Circular Appraisal Brokers Principal
Date Control # Date Estimate Balance
No Realized Loss loans as of the current Due Date.
Current Total
Cumulative
Note: Aggregate liquidation expenses also include outstanding
P&I advances and unpaid servicing fees, unpaid special servicing
fees, unpaid trustee fees, etc..
Gross Proceeds
as a % of Aggregate
Distribution Gross Scheduled Liquidation
Date Proceeds Principal Expenses *
Current Total
Cumulative
Net Proceeds
Net as a % of Current
Distribution Liquidation Scheduled Realized
Date Proceeds Balance Loss
Current Total
Cumulative
|
|