ABNAMRO LaSalle ABSTSSECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Seciton 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event
reported) September 25, 1997
J.P. Morgan Commercial Mortgage Finance Corp.
(Exact Name of Registrant as specified in Charter)
Delaware 333-4554 13-3789046
(State or Other (Commission (I.R.S. Employer
Jurisdiction File Number) Identification No.)
of Incorporation)
60 Wall Street
New York, New York 10260
(address of Principal Executive
Offices and Zip Code)
Registrant's telephone number, Including area code (212)
643-3238
ITEM 5. OTHER EVENTS
This Current Report on Form 8-K relates to the
Trust Fund formed, and the Mortgage Pass-Through
Certificates Series 1997-SPTL-C1 issued pursuant to, a
Pooling and Servicing Agreement, dated as of June 1, 1997
(the "Pooling and Servicing Agreement"), by and among
J.P.Morgan
Commercial Mortgage Finance Corp., as sponsor, Midland Loan
Services L.P. , as master servicer and special servicer,
LaSalle National Bank, as trustee and REMIC administrator,
and ABN AMRO Bank, N.V., as fiscal agent. The Class A-1,
Class A-2, Class B, Class C, and Class D Certificates have
been registered pursuant to the Act under a Registration
Statement on Form S-3 (File No.333-24489) (the "Registration
Statement").
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 8.14 of the Pooling and
Servicing Agreement, the Trustee is filing this Current
Report containing the September 25, 1997 monthly
distribution report prepared by the Trustee pursuant to
Section 4.02 thereof.
This Current Report is being filed by the Trustee,
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
Trustee by one or more of the Master Servicer, the Special
Servicer or other third parties without independent review
or investigation by the Trustee. Pursuant to the Pooling
and Servicing Agreement, the Trustee is not responsible for
the accuracy or completeness of such information.
Item 5. Other Events
Filing of Collateral Term Sheets.
In connection with the proposed offering of J.P. Morgan
Commercial
Mortgage Finance Corp. (the "Company") Mortgage Pass-Through Certificates,
ser5ies 1997-C4, J/P. Morgan
Securities Inc.
(the "Underwriter"), has prepared certain materials (the
"collateral term Sheets") for distribution to its potential
investors. Although the company provided the Underwriter
with certain information regarding the characteristics of
the mortgage loans in the related portfolio. It did not
participate in the preparation of the Collateral Term
Sheets.
The Collateral Term Sheets are attached hereto as
Exhibit 99. These collateral Term Sheets supersede any
prior collateral information which may have been previously
filed with the Securities and Exchange Commission.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION
AND EXHIBITS
1. Not applicable.
2. Not applicable.
3. Exhibits.
The following is filed herewith. The exhibit number
corresponds with Item 601(b) of Regulation 8-K.
Exhibit No. Description
99 Monthly distribution report
pursuant to
Section 4.2 of the Pooling and
Servicing
Agreement for the distribution on
September 25, 1997
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.
LASALLE NATIONAL BANK, IN
ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND
SERVICING AGREEMENT ON
BEHALF OF J.P. MORGAN
COMMERCIAL
MORTGAGE FINANCE CORP.,
REGISTRANT
By: /s Russell Goldenberg
Russell Goldenberg,
Senior Vice
President
Date: September 30, 1997
ABN AMRO
LaSalle National Bank
Administrator:
Eric Lindahl (800) 246-5761
135 S. LaSalle Street Suite 1740
Chicago, IL 60603
JP Morgan Commercial Mortgage Finance Corp.
Midland Loan Services L.P. as Master Servicer and Special
Servicer
Commercial Mortgage Pass-Through Certificates
Series 1997-SPTL-C1
ABN AMRO Acct: 67-7775-30-6
Statement Date: 09/25/97
Payment Date: 09/25/97
Prior Payment: 08/25/97
Record Date: 08/29/97
WAC: 9.337745%
WAMM: 338
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 3
Other Related Information 2
Asset Backed Facts Sheets 1
Delinquency Loan Detail
Mortgage Loan Characteristics 12
Total Pages Included In This Package 19
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
REMIC III
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 81,230,000.00 78,136,968.98
617059CN8 1000.000000000 961.922552998
A-2 60,922,000.00 60,922,000.00
617059CP3 1000.000000000 1000.000000000
B 10,153,000.00 10,153,000.00
617059CQ1 1000.000000000 1000.000000000
C 12,184,000.00 12,184,000.00
617059CR9 1000.000000000 1000.000000000
D 10,153,000.00 10,153,000.00
617059CS7 1000.000000000 1000.000000000
X 203,075,453.00 N199,982,421.98
617059CT5 1000.000000000 984.769055175
E 10,153,000.00 10,153,000.00
617059CU2 1000.000000000 1000.000000000
F 6,092,000.00 6,092,000.00
617059CV0 1000.000000000 1000.000000000
G 2,030,000.00 2,030,000.00
617059CW8 1000.000000000 1000.000000000
H 3,046,000.00 3,046,000.00
617059CX6 1000.000000000 1000.000000000
NR 7,112,453.00 7,112,453.00
617059CY4 1000.000000000 1000.000000000
R-III 0.00 0.00
617059DB3 1000.000000000 0.000000000
203,075,453.00 199,982,421.98
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Principal Principal
Class Payment Adj. or Loss
CUSIP Per $1,000 Per $1,000
A-1 1,654,480.78 0.00
617059CN8 20.367853995 0.000000000
A-2 0.00 0.00
617059CP3 0.000000000 0.000000000
B 0.00 0.00
617059CQ1 0.000000000 0.000000000
C 0.00 0.00
617059CR9 0.000000000 0.000000000
D 0.00 0.00
617059CS7 0.000000000 0.000000000
X 0.00 0.00
617059CT5 0.000000000 0.000000000
E 0.00 0.00
617059CU2 0.000000000 0.000000000
F 0.00 0.00
617059CV0 0.000000000 0.000000000
G 0.00 0.00
617059CW8 0.000000000 0.000000000
H 0.00 0.00
617059CX6 0.000000000 0.000000000
NR 0.00 0.00
617059CY4 0.000000000 0.000000000
R-III 0.00 0.00
617059DB3 0.000000000 0.000000000
1,654,480.78 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
A-1 0.00 76,482,488.20
617059CN8 0.000000000 941.554699003
A-2 0.00 60,922,000.00
617059CP3 0.000000000 1000.000000000
B 0.00 10,153,000.00
617059CQ1 0.000000000 1000.000000000
C 0.00 12,184,000.00
617059CR9 0.000000000 1000.000000000
D 0.00 10,153,000.00
617059CS7 0.000000000 1000.000000000
X 0.00 198,327,941.20
617059CT5 0.000000000 976.621931751
E 0.00 10,153,000.00
617059CU2 0.000000000 1000.000000000
F 0.00 6,092,000.00
617059CV0 0.000000000 1000.000000000
G 0.00 2,030,000.00
617059CW8 0.000000000 1000.000000000
H 0.00 3,046,000.00
617059CX6 0.000000000 1000.000000000
NR 0.00 7,112,453.00
617059CY4 0.000000000 1000.000000000
R-III 0.00 0.00
617059DB3 0.000000000 0.000000000
0.00 198,327,941.20
Total P&I Payment 3,177,348.48
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
A-1 394,624.25 0.00 5.86500000%
617059CN8 4.858109689 0.000000000 5.89625000%
A-2 312,402.94 0.00 5.95500000%
617059CP3 5.127916680 0.000000000 5.98625000%
B 53,112.88 0.00 6.07500000%
617059CQ1 5.231249877 0.000000000 6.10625000%
C 65,835.91 0.00 6.27500000%
617059CR9 5.403472587 0.000000000 6.30625000%
D 57,746.60 0.00 6.60500000%
617059CS7 5.687639121 0.000000000 6.63625000%
X 540,155.54 29,624.77 3.06345387%
617059CT5 2.659876081 0.145880605 2.86446102%
E 54,995.42 0.00 6.50000000%
617059CU2 5.416666995 0.000000000 Fixed
F 32,998.33 0.00 6.50000000%
617059CV0 5.416666120 0.000000000 Fixed
G 10,995.83 0.00 6.50000000%
617059CW8 5.416665025 0.000000000 Fixed
H 0.00 0.00
617059CX6 0.000000000 0.000000000
NR 0.00 0.00
617059CY4 0.000000000 0.000000000
R-III 0.00 0.00
617059DB3 0.000000000 0.000000000
1,522,867.70 29,624.77
REMIC II
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Interest I 81,230,000.00 78,136,968.98
None 1,000.000000000 961.922552998
Interest II 60,922,000.00 60,922,000.00
None 1,000.000000000 1,000.000000000
Interest III 10,153,000.00 10,153,000.00
None 1,000.000000000 1,000.000000000
Interest IV 12,184,000.00 12,184,000.00
None 1,000.000000000 1,000.000000000
Interest V 10,153,000.00 10,153,000.00
None 1,000.000000000 1,000.000000000
Interest VI 10,153,000.00 10,153,000.00
None 1,000.000000000 1,000.000000000
Interest VII 6,092,000.00 6,092,000.00
None 1,000.000000000 1,000.000000000
Interest VIII 2,030,000.00 2,030,000.00
None 1,000.000000000 1,000.000000000
Interest IX 3,046,000.00 3,046,000.00
None 1,000.000000000 1,000.000000000
Interest X 7,112,453.00 7,112,453.00
None 1,000.000000000 1,000.000000000
R-II 0.00 0.00
617059DA5 1,000.000000000 0.000000000
203,075,453.00 199,982,421.98
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Principal Principal
Class Payment Adj. or Loss
CUSIP Per $1,000 Per $1,000
Interest I 1,654,480.78 0.00
None 20.367853995 0.000000000
Interest II 0.00 0.00
None 0.000000000 0.000000000
Interest III 0.00 0.00
None 0.000000000 0.000000000
Interest IV 0.00 0.00
None 0.000000000 0.000000000
Interest V 0.00 0.00
None 0.000000000 0.000000000
Interest VI 0.00 0.00
None 0.000000000 0.000000000
Interest VII 0.00 0.00
None 0.000000000 0.000000000
Interest VIII 0.00 0.00
None 0.000000000 0.000000000
Interest IX 0.00 0.00
None 0.000000000 0.000000000
Interest X 0.00 0.00
None 0.000000000 0.000000000
R-II 0.00 0.00
617059DA5 0.000000000 0.000000000
1,654,480.78 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
Interest I 0.00 76,482,488.20
None 0.000000000 941.554699003
Interest II 0.00 60,922,000.00
None 0.000000000 1,000.000000000
Interest III 0.00 10,153,000.00
None 0.000000000 1,000.000000000
Interest IV 0.00 12,184,000.00
None 0.000000000 1,000.000000000
Interest V 0.00 10,153,000.00
None 0.000000000 1,000.000000000
Interest VI 0.00 10,153,000.00
None 0.000000000 1,000.000000000
Interest VII 0.00 6,092,000.00
None 0.000000000 1,000.000000000
Interest VIII 0.00 2,030,000.00
None 0.000000000 1,000.000000000
Interest IX 0.00 3,046,000.00
None 0.000000000 1,000.000000000
Interest X 0.00 7,112,453.00
None 0.000000000 1,000.000000000
R-II 0.00 0.00
617059DA5 0.000000000 0.000000000
0.00 198,327,941.20
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
Interest I 595,013.63 11,574.97 8.96024513%
None 7.325047766 0.142496245 8.95929523%
Interest II 463,921.50 9,024.79 8.96024513%
None 7.615007715 0.148136798 8.95929523%
Interest III 77,315.16 1,504.03 8.96024513%
None 7.615006402 0.148136511 8.95929523%
Interest IV 92,781.26 1,804.90 8.96024513%
None 7.615008207 0.148136901 8.95929523%
Interest V 77,315.17 1,504.03 8.96024513%
None 7.615007387 0.148136511 8.95929523%
Interest VI 77,315.17 1,504.03 8.96024513%
None 7.615007387 0.148136511 8.95929523%
Interest VII 46,390.63 902.45 8.96024513%
None 7.615008207 0.148136901 8.95929523%
Interest VIII 15,458.47 300.72 8.96024513%
None 7.615009852 0.148137931 8.95929523%
Interest IX 23,195.31 451.22 8.96024513%
None 7.615006566 0.148135259 8.95929523%
Interest X 54,161.40 1,053.63 8.96024513%
None 7.615009899 0.148138765 8.95929523%
R-II 0.00 0.00
617059DA5 0.000000000 0.000000000
1,522,867.70 29,624.77
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 203,075,453.00 199,982,421.98
None 1,000.000000000 984.769055175
R-I 0.00 0.00
617059CZ1 1,000.000000000 0.000000000
203,075,453.00 199,982,421.98
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Principal Principal
Class Payment Adj. or Loss
CUSIP Per $1,000 Per $1,000
Regular Interest 1,654,480.78 0.00
None 8.147123424 0.000000000
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
1,654,480.78 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 0.00 198,327,941.20
None 0.000000000 976.621931751
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
0.00 198,327,941.20
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate
(3)
Regular Interest 1,522,867.70 29,624.77 8.96024513%
None 7.499024020 0.145880605 8.95929523%
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
1,522,867.70 29,624.77
Other Related Information
Number of Outstanding Mortgage Loans 534
Stated Principal Balance 198,327,941.11
Total Unscheduled Principal 1,532,934.22
Collateral Value Adjustments 0.00
Prepayment Interest Shortfall 0.00
Less Prepayment Interest Excess 0.00
Net Prepayment Interest Shortfall 0.00
Prepayment Premium 29,624.77
Less Net Prepayment Interest Shortfall 0.00
Net Prepayment Premium 29,624.77
Current Master Servicing Fees 49,731.53
Repurchased Mortgage Loans
Loan Number NA
Repurchase Proceeds NA
Special Servicing Fees NA
Advances
Prior Outstanding
Principal Interest
Made by Servicer: 18,990.37 210,712.30
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
Totals: 18,990.37 210,712.30
Current Month
Principal Interest
Made by Servicer: 19,578.09 264,156.10
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
19,578.09 264,156.10
Recovered
Principal Interest
Made by Servicer: 15,979.61 168,822.48
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
15,979.61 168,822.48
Advances Outstanding
Principal Interest
Made by Servicer: 22,588.85 306,045.92
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
22,588.85 306,045.92
REO Property
Principal Date property
Loan Number Balance acquired as REO
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
Current
Loan Number Book Value Net Income
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
Collateral Value Adjustment
Collateral
Disclosure Collateral
Value Adj.
Control Value Interest Interest
Number Adjustment Rate Amount
0 0.00 0.000000% 0.00
0 0.00 0.000000% 0.00
0 0.00 0.000000% 0.00
0 0.00 0.000000% 0.00
0 0.00 0.000000% 0.00
0 0.00 0.000000% 0.00
0 0.00 0.000000% 0.00
0 0.00 0.000000% 0.00
0 0.00 0.000000% 0.00
Pool Total
Distribution of Principal Balances
Current Scheduled Number Scheduled Based
on
Balances of Loans Balance Balance
$0 to $100,000 38 3,200,750 1.61%
$100,000 to $200,000 181 27,293,666 13.76%
$200,000 to $300,000 109 26,606,495 13.42%
$300,000 to $400,000 60 20,775,450 10.48%
$400,000 to $500,000 38 17,282,088 8.71%
$500,000 to $600,000 19 10,506,557 5.30%
$600,000 to $700,000 18 11,549,947 5.82%
$700,000 to $800,000 12 9,224,173 4.65%
$800,000 to $900,000 13 10,860,863 5.48%
$900,000 to $1,000,000 9 8,533,256 4.30%
$1,000,000 to $1,100,000 10 10,498,897 5.29%
$1,100,000 to $1,200,000 4 4,692,140 2.37%
$1,200,000 to $1,300,000 4 4,971,569 2.51%
$1,300,000 to $1,400,000 5 6,721,238 3.39%
$1,400,000 to $1,500,000 3 4,351,810 2.19%
$1,500,000 to $1,600,000 2 3,136,170 1.58%
$1,600,000 to $1,700,000 2 3,333,613 1.68%
$1,700,000 to $1,800,000 1 1,788,723 0.90%
$1,800,000 to $1,900,000 1 1,860,712 0.94%
$1,900,000&Above 5 11,139,826 5.62%
Total 534 198,327,941 100.00%
Average Scheduled Balance is 370,015
Maximum Scheduled Balance is 3,069,758
Minimum Scheduled Balance is 36,355
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Multifamily 425 140,010,679 70.60%
Retail 43 21,517,133 10.85%
Mixed Use 24 14,047,358 7.08%
Office 18 10,988,218 5.54%
Mobile Home 8 5,505,656 2.78%
Industrial 13 4,208,937 2.12%
Warehouse 3 2,049,960 1.03%
Total 534 198,327,941 100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
7.000%orless
7.000%to 7.500% 23 10,014,751 5.05%
7.500%to 8.000% 17 6,266,706 3.16%
8.000%to 8.500% 15 8,867,917 4.47%
8.500%to 9.000% 174 67,238,312 33.90%
9.000%to 9.500% 101 38,967,592 19.65%
9.500%to 10.000% 89 30,111,733 15.18%
10.000%to 10.500% 55 19,469,476 9.82%
10.500%to 11.000% 33 10,252,112 5.17%
11.000%to 11.500% 5 1,123,469 0.57%
11.500%to 12.000% 14 4,438,862 2.24%
12.000%to 12.500% 6 1,072,073 0.54%
12.500%to 13.000% 1 99,537 0.05%
13.000%to 13.500% 0 0 0.00%
13.500%&Above 1 405,402 0.20%
Total 534 198,327,941 100.00%
W/Avg Mortgage Interest Rate is 9.3377%
Minimum Mortgage Interest Rate is 7.2500%
Maximum Mortgage Interest Rate is 13.7500%
Geographic Distribution
Geographic Number Scheduled Based on
Location of Loans Balance Balance
California 296 98,480,674 49.66%
Washington 45 28,285,292 14.26%
Arizona 59 25,165,177 12.69%
Colorado 60 19,084,477 9.62%
Oregon 48 16,846,598 8.49%
Texas 17 5,684,481 2.87%
Illinois 1 1,692,966 0.85%
Nevada 4 1,337,858 0.67%
New Jersey 1 832,912 0.42%
Idaho 1 457,993 0.23%
Utah 1 310,488 0.16%
New Mexico 1 149,025 0.08%
Total 534 198,327,941 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 444 164,245,769 82.82%
1+ to 2 years 77 28,909,695 14.58%
2+ to 3 years 13 5,172,477 2.61%
3+ to 4 years 0 0 0.00%
4+ to 5 years 0 0 0.00%
5+ to 6 years 0 0 0.00%
6+ to 7 years 0 0 0.00%
7+ to 8 years 0 0 0.00%
8+ to 9 years 0 0 0.00%
9+ to 10 years 0 0 0.00%
10 years or more 0 0 0.00%
Total 534 198,327,941 100.00%
Weighted Average Seasoning is 0.8
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 524 191,915,640 96.77%
Interest Only / Balloon 10 6,412,301 3.23%
Total 534 198,327,941 100.00%
Distribution of Remaining Term
Fully Amortizing
Fully Amortizing Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
60 months or less 0 0 0.00%
61 to 120 months 0 0 0.00%
121 to 180 months 4 2,189,346 1.10%
181 to 240 months 7 2,184,996 1.10%
241 to 360 months 513 187,541,298 94.56%
Total 524 191,915,640 96.77%
Weighted Average Months to Maturity is 345
Distribution of Remaining Term
Balloon Loans
Balloon Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
12 months or less 0 0 0.00%
13 to 24 months 0 0 0.00%
25 to 36 months 0 0 0.00%
37 to 48 months 0 0 0.00%
49 to 60 months 0 0 0.00%
61 to 120 months 7 4,765,273 2.40%
121 to 180 months 2 1,472,927 0.74%
181 to 240 months 1 174,101 0.09%
Total 10 6,412,301 3.23%
Weighted Average Months to Maturity is 115
Distribution of DSCR
Debt Service Number Scheduled Based on
Coverage Ratio of Loans Balance Balance
0.5 orless 0 0 0.00%
0.5001 to 0.625 0 0 0.00%
0.6251 to 0.75 2 774,099 0.39%
0.7501 to 0.875 2 540,136 0.27%
0.8751 to 1 3 1,005,566 0.51%
1.0001 to 1.125 8 3,768,700 1.90%
1.1251 to 1.25 52 21,512,172 10.85%
1.2501 to 1.375 102 32,684,218 16.48%
1.3751 to 1.5 93 40,682,345 20.51%
1.5001 to 1.625 77 27,147,060 13.69%
1.6251 to 1.75 54 22,198,104 11.19%
1.7501 to 1.875 49 15,283,112 7.71%
1.8751 to 2 25 11,104,995 5.60%
2.0001 to 2.125 17 7,452,886 3.76%
2.1251 & above 49 13,943,607 7.03%
Unknown 1 230,941 0.12%
Total 534 198,327,941 100.00%
Weighted Average Debt Service Coverage Ratio is 1.581
(1) Debt Service Coverage Ratios are calculated as described
in the prospectus,
values are updated periodically as new NOI figures became
available from
borrowers on an asset level.
Neither the Trustee, Servicer, Special Servicer or
Underwriter
makes any representation as to the accuracy of the data
provided
by the borrower for this calculation.
NOI Aging
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 283 100,886,482 50.87%
1 to 2 years 230 89,391,489 45.07%
2 Years or More 20 7,741,570 3.90%
Unknown 1 308,399 0.16%
Total 534 198,327,941 100.00%
Distribution of Maximum Rates
Number Scheduled Based on
Maximum Rates of Loans Balance Balance
No Maximum 0 0 0
0.01% to 12.50% 0 0 0.00%
12.51% to 13.00% 2 1,511,698 0.76%
13.01% to 13.50% 214 90,933,566 45.85%
13.51% to 14.00% 205 69,192,751 34.89%
14.01% to 14.50% 58 21,433,567 10.81%
14.51% to 15.00% 41 12,227,219 6.17%
15.01% to 15.50% 3 438,588 0.22%
15.51% to 16.00% 8 2,117,783 1.07%
16.01% to 16.50% 0 0 0.00%
16.51% to 17.00% 2 373,234 0.19%
17.01% to 17.50% 1 99,537 0.05%
17.51% to 18.00% 0 0 0.00%
18.01%&above 0 0 0.00%
Total 534 198,327,941 100.00%
Weighted Average for Mtge with a Maximum Rate is 13.80%
Distribution of Payment Adjustment
Interest Adjustment Number Scheduled Based on
Frequency Loans Balance Balance
Six Month 534 198,327,941 100.00%
Total 534 198,327,941 100.00%
Distribution of Indices of Mortgage Loans
Number Scheduled Based on
Indices of Loans Balance Balance
6 Month LIBOR 434 161,498,396 81.43%
1 Year CMT 46 23,781,285 11.99%
WSJ Prime Rate 54 13,048,260 6.58%
Total 534 198,327,941 100.00%
Distribution of Mortgage Loan Margins
Number Scheduled Based on
Mortgage Loan Margins Loans Balance Balance
No Margin 0 0 0.00%
0.010%t 2.500% 0 0 0.00%
2.510%t 3.000% 26 13,333,352 6.72%
3.010%t 3.250% 25 9,057,536 4.57%
3.260%t 3.500% 33 15,153,532 7.64%
3.510%t 3.750% 148 52,692,282 26.57%
3.760%t 4.000% 125 40,489,808 20.42%
4.010%t 4.250% 65 24,279,302 12.24%
4.260%t 4.500% 42 15,807,744 7.97%
4.510%&Above 70 27,514,386 13.87%
Total 534 198,327,941 100.00%
Weighted Average for Mtge with a Margin is 3.99%
Distribution of Minimum Rates
Number Scheduled Based on
Minimum Rates of Loans Balance Balance
No Minimum 0 0 0.00%
0.010% to 6.500% 0 0 0.00%
6.510% to 7.000% 2 1,511,698 0.76%
7.010% to 7.250% 29 17,614,448 8.88%
7.260% to 7.500% 208 78,865,869 39.77%
7.510% to 7.750% 174 58,546,363 29.52%
7.760% to 8.000% 24 6,964,281 3.51%
8.010% to 8.250% 6 2,366,537 1.19%
8.260% to 8.500% 33 14,015,276 7.07%
8.510% to 8.750% 23 6,727,717 3.39%
8.760% to 9.000% 21 7,095,254 3.58%
9.010% to 9.500% 9 3,100,709 1.56%
9.510% to 10.000% 3 822,380 0.41%
10.010%&Above 2 697,410 0.35%
Total 534 198,327,941 100.00%
Weighted Average for Mtge with a Minimum Rate is 7.78%
Distribution of Interest Adjustment
Payment Adjustment Number Scheduled Based on
Frequency Loans Balance Balance
Six Month 534 198,327,941 100.00%
Total 534 198,327,941 100.00%
(1) For adjustable mortgage loans where a minimum rate
does not exist the gross margin w
One-Year US Treasury Loans
Distribution of Balances
Current Scheduled Number Scheduled Based on
Balances of Loans Balance Balance
$0 to $100,000 0 0 0.00%
$100,000 to $200,000 5 836,992 3.52%
$200,000 to $300,000 10 2,535,999 10.66%
$300,000 to $400,000 12 4,027,222 16.93%
$400,000 to $500,000 4 1,881,531 7.91%
$500,000 to $600,000 4 2,249,709 9.46%
$600,000 to $700,000 0 0 0.00%
$700,000 to $800,000 2 1,477,733 6.21%
$800,000 to $900,000 2 1,689,220 7.10%
$900,000 to $1,000,000 2 1,912,947 8.04%
$1,000,000 to $1,100,000 1 1,084,515 4.56%
$1,100,000 to $1,200,000 0 0 0.00%
$1,200,000 to $1,300,000 1 1,241,026 5.22%
$1,300,000 to $1,400,000 1 1,367,852 5.75%
$1,400,000 to $1,500,000 1 1,436,927 6.04%
$1,500,000 to $1,600,000 0 0 0.00%
$1,600,000 to $1,700,000 0 0 0.00%
$1,700,000 to $1,800,000 0 0 0.00%
$1,800,000 to $1,900,000 0 0 0.00%
$1,900,000&Above 1 2,039,611 8.58%
Total 46 23,781,285 100.00%
Average Scheduled Balance is 516,984
Maximum Scheduled Balance is 2,039,611
Minimum Scheduled Balance is 117,897
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Multifamily 46 23,781,285 100.00%
Total 46 23,781,285 100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
7.000% orless 0 0 0.00%
7.000% to 8.000% 2 1,209,336 5.09%
7.500% to 8.000% 1 488,403 2.05%
8.000% to 8.500% 5 3,282,502 13.80%
8.500% to 9.000% 36 16,461,975 69.22%
9.000% to 9.500% 2 2,339,069 9.84%
9.500% to 10.000% 0 0 0.00%
10.000% to 10.500% 0 0 0.00%
10.500% to 11.000% 0 0 0.00%
11.000% to 11.500% 0 0 0.00%
11.500% to 12.000% 0 0 0.00%
12.000% to 12.500% 0 0 0.00%
12.500% to 13.000% 0 0 0.00%
13.000% to 13.500% 0 0 0.00%
13.500% & Above 0 0 0.00%
Total 46 23,781,285 100.00%
Weighted Average Mortgage Interest Rate is 8.6916%
Minimum Mortgage Interest Rate is 7.2500%
Maximum Mortgage Interest Rate is 9.3750%
Geographic Distribution
Geographic Number Scheduled Based on
Location of Loans Balance Balance
Washington 28 16,761,832 70.48%
Oregon 11 4,491,280 18.89%
California 4 1,339,007 5.63%
Colorado 2 711,337 2.99%
Arizona 1 477,829 2.01%
Total 46 23,781,285 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 39 18,967,832 79.76%
1+ to 2 years 7 4,813,453 20.24%
2+ to 3 years 0 0 0.00%
3+ to 4 years 0 0 0.00%
4+ to 5 years 0 0 0.00%
5+ to 6 years 0 0 0.00%
6+ to 7 years 0 0 0.00%
7+ to 8 years 0 0 0.00%
8+ to 9 years 0 0 0.00%
9+ to 10 years 0 0 0.00%
10 years or more 0 0 0.00%
Total 46 23,781,285 100.00%
Weighted Average Seasoning is 0.8
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 46 23,781,285 100.00%
Total 46 23,781,285 100.00%
Distribution of Remaining Term
Fully Amortizing
Fully Amortizing Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
60 months or less 0 0 0.00%
61 to 120 months 0 0 0.00%
121 to 180 months 0 0 0.00%
181 to 240 months 0 0 0.00%
241 to 360 months 46 23,781,285 100.00%
Total 46 23,781,285 100.00%
Weighted Average Months to Maturity is 349
Distribution of Remaining Term
Balloon Loans
Balloon Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
12 months or less 0 0 0.00%
13 to 24 months 0 0 0.00%
25 to 36 months 0 0 0.00%
37 to 48 months 0 0 0.00%
49 to 60 months 0 0 0.00%
61 to 120 months 0 0 0.00%
121 to 180 months 0 0 0.00%
181 to 240 months 0 0 0.00%
Total 0 0 0.00%
Weighted Average Months to Maturity isNA
Distribution of DSCR
Debt Service Number Scheduled Based on
Coverage Ratio of Loans Balance Balance
0.500 orless 0 0 0.00%
0.500 to 0.625 0 0 0.00%
0.625 to 0.750 0 0 0.00%
0.750 to 0.875 0 0 0.00%
0.875 to 1.000 0 0 0.00%
1.000 to 1.125 0 0 0.00%
1.125 to 1.250 17 8,975,100 37.74%
1.250 to 1.375 12 5,449,242 22.91%
1.375 to 1.500 10 6,496,992 27.32%
1.500 to 1.625 2 663,915 2.79%
1.625 to 1.750 2 1,415,221 5.95%
1.750 to 1.875 0 0 0.00%
1.875 to 2.000 2 482,515 2.03%
2.000 to 2.125 0 0 0.00%
2.125 & above 1 298,299 1.25%
Unknown 0 0 0.00%
Total 46 23,781,285 100.00%
Weighted Average Debt Service Coverage Ratio is 1.352
(1) Debt Service Coverage Ratios are calculated as described
in the prospectus,
values are updated periodically as new NOI figures became
available from
borrowers on an asset level.
Neither the Trustee, Servicer, Special Servicer or
Underwriter
makes any representation as to the accuracy of the data
provided
by the borrower for this calculation.
NOI Aging
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 26 11,360,791 47.77%
1 to 2 years 20 12,420,494 52.23%
2 Years or More 0 0 0.00%
Unknown 0 0 0.00%
Total 46 23,781,285 100.00%
Distribution of Maximum Rates
Number Scheduled Based on
Maximum Rates of Loans Balance Balance
No Maximum 0 0 0.00%
12.50% orless 0 0 0.00%
12.51% to 13.00% 0 0 0.00%
13.01% to 13.50% 45 23,621,167 99.33%
13.51% to 14.00% 1 160,118 0.67%
14.01% to 14.50% 0 0 0.00%
14.51% to 15.00% 0 0 0.00%
15.01% to 15.50% 0 0 0.00%
15.51% to 16.00% 0 0 0.00%
16.01% to 16.50% 0 0 0.00%
16.51% to 17.00% 0 0 0.00%
17.01% to 17.50% 0 0 0.00%
17.51% to 18.00% 0 0 0.00%
18.01% & Above 0 0 0.00%
Total 46 23,781,285 100.00%
Weighted Average for Mtge with a Maximum Rate is 13.33%
Distribution of Payment Adjustment
Interest Adjustment Number Scheduled Based on
Frequency Loans Balance Balance
Six Month 46 23,781,285 100.00%
Total 46 23,781,285 100.00%
Distribution of Mortgage Loan Margins
Number Scheduled Based on
Mortgage Loan Margins Loans Balance Balance
No Margin 0 0 0.00%
0.010% to 2.500% 0 0 0.00%
2.510% to 3.000% 21 12,182,073 6.14%
3.010% to 3.250% 14 6,018,799 3.03%
3.260% to 3.500% 8 4,614,668 2.33%
3.510% to 3.750% 3 965,744 0.49%
3.760% to 4.000% 0 0 0.00%
4.010% to 4.250% 0 0 0.00%
4.260% to 4.500% 0 0 0.00%
4.510%&Above 0 0 0.00%
Total 46 23,781,285 11.99%
Weighted Average for Mtge with a Margin is 3.17%
(1) For adjustable mortgage loans where a minimum rate does
not exist the gross margin w
Distribution of Minimum Rates
Number Scheduled Based on
Minimum Rates (1) of Loans Balance Balance
No Minimum 0 0 0.00%
0.010% to 6.500% 0 0 0.00%
6.510% to 7.000% 0 0 0.00%
7.010% to 7.250% 25 15,478,189 65.09%
7.260% to 7.500% 20 8,142,978 34.24%
7.510% to 7.750% 1 160,118 0.67%
7.760% to 8.000% 0 0 0.00%
8.010% to 8.250% 0 0 0.00%
8.260% to 8.500% 0 0 0.00%
8.510% to 8.750% 0 0 0.00%
8.760% to 9.000% 0 0 0.00%
9.010% to 9.500% 0 0 0.00%
9.510% to 10.000% 0 0 0.00%
10.010% & above 0 0 0.00%
Total 46 23,781,285 100.00%
Weighted Average for Mtge with a Minimum Rate is 7.34%
Distribution of Interest Adjustment
Payment Adjustment Number Scheduled Based on
Frequency Loans Balance Balance
Six Month 46 23,781,285 100.00%
Total 46 23,781,285 100.00%
Six-Month Libor Loans
Distribution of Balances
Current Schedule Number Scheduled Based
on
Balances of Loans Balance
Balance
$0 to $100,000 30 2,470,353
1.53%
$100,000 to $200,000 155 23,315,516
14.44%
$200,000 to $300,000 86 20,944,416
12.97%
$300,000 to $400,000 42 14,585,115
9.03%
$400,000 to $500,000 32 14,513,708
8.99%
$500,000 to $600,000 14 7,709,985
4.77%
$600,000 to $700,000 17 10,917,573
6.76%
$700,000 to $800,000 10 7,746,439
4.80%
$800,000 to $900,000 10 8,357,572
5.18%
$900,000 to $1,000,000 7 6,620,308
4.10%
$1,000,000 to $1,100,000 8 8,407,028
5.21%
$1,100,000 to $1,200,000 4 4,692,140
2.91%
$1,200,000 to $1,300,000 3 3,730,543
2.31%
$1,300,000 to $1,400,000 4 5,353,387
3.31%
$1,400,000 to $1,500,000 2 2,914,883
1.80%
$1,500,000 to $1,600,000 2 3,136,170
1.94%
$1,600,000 to $1,700,000 2 3,333,613
2.06%
$1,700,000 to $1,800,000 1 1,788,723
1.11%
$1,800,000 to $1,900,000 1 1,860,712
1.15%
$1,900,000 & Above 4 9,100,215
5.63%
Total 434 161,498,396
100.00%
Average Scheduled Balance is 370,409
Maximum Scheduled Balance is 3,069,758
Minimum Scheduled Balance is 36,355
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Multifamily 367 113,742,358 70.43%
Retail 24 16,846,930 10.43%
Mixed Use 14 12,196,279 7.55%
Office 14 10,130,161 6.27%
Mobile Home 8 5,505,656 3.41%
Industrial 7 3,077,013 1.91%
Total 434 161,498,396 100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
7.000% or less 0 0 0.00%
7.000% to 7.500% 21 8,805,414 5.45%
7.500% to 8.000% 16 5,778,303 3.58%
8.000% to 8.500% 10 5,585,415 3.46%
8.500% to 9.000% 137 50,597,523 31.33%
9.000% to 9.500% 99 36,628,524 22.68%
9.500% to 10.000% 88 29,642,653 18.35%
10.000% to 10.500% 50 18,355,608 11.37%
10.500% to 11.000% 9 4,995,367 3.09%
11.000% to 11.500% 3 704,188 0.44%
11.500% to 12.000% 0 0 0.00%
12.000% to 12.500% 0 0 0.00%
12.500% to 13.000% 0 0 0.00%
13.000% to 13.500% 0 0 0.00%
13.500% & Above 1 405,402 0.25%
Total 434 161,498,396 100.00%
Weighted Average Mortgage Interest Rate 9.2744%
Minimum Mortgage Interest Rate is 7.5000%
Maximum Mortgage Interest Rate is 13.7500%
Geographic Distribution
Geographic Number Scheduled Based on
Location of Loans Balance Balance
California 250 86,441,012 53.52%
Arizona 53 23,665,075 14.65%
Colorado 58 18,373,140 11.38%
Oregon 33 11,675,348 7.23%
Washington 16 11,301,097 7.00%
Texas 16 5,535,475 3.43%
Illinois 1 1,692,966 1.05%
Nevada 3 1,063,866 0.66%
New Jersey 1 832,912 0.52%
Idaho 1 457,993 0.28%
Utah 1 310,488 0.19%
New Mexico 1 149,025 0.09%
Total 434 161,498,396 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 370 137,527,028 85.16%
1+ to 2 years 61 22,189,112 13.74%
2+ to 3 years 3 1,782,256 1.10%
3+ to 4 years 0 0 0.00%
4+ to 5 years 0 0 0.00%
5+ to 6 years 0 0 0.00%
6+ to 7 years 0 0 0.00%
7+ to 8 years 0 0 0.00%
8+ to 9 years 0 0 0.00%
9+ to 10 years 0 0 0.00%
10 years or more 0 0 0.00%
Total 434 161,498,396 100.00%
Weighted Average Seasoning is 0.8
Distribution of Amortization Type
Number Scheduled Based
on
Amortization Type of Loans Balance Balance
Fully Amortizing 424 155,086,095 96.03%
Interest Only / Balloon 10 6,412,301 3.97%
Total 434 161,498,396 100.00%
Distribution of Remaining Term
Fully Amortizing
Fully Amortizing Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
60 months or less 0 0 0.00%
61 to 120 months 0 0 0.00%
121 to 180 months 4 2,189,346 1.36%
181 to 240 months 6 1,370,925 0.85%
241 to 360 months 414 151,525,824 93.82%
Total 424 155,086,095 96.03%
Weighted Average Months to Maturity is 345
Distribution of Remaining Term
Balloon Loans
Balloon Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
12 months or less 0 0 0.00%
13 to 24 months 0 0 0.00%
25 to 36 months 0 0 0.00%
37 to 48 months 0 0 0.00%
49 to 60 months 0 0 0.00%
61 to 120 months 7 4,765,273 2.95%
121 to 180 months 2 1,472,927 0.91%
181 to 240 months 1 174,101 0.11%
Total 10 6,412,301 3.97%
Weighted Average Months to Maturity is 115
Distribution of DSCR
Debt Service Number Scheduled Based on
Coverage Ratio of Loans Balance Balance
0.500 or less 0 0 0.00%
0.500 to 0.625 0 0 0.00%
0.625 to 0.750 2 774,099 0.48%
0.750 to 0.875 2 540,136 0.33%
0.875 to 1.000 3 1,005,566 0.62%
1.000 to 1.125 7 3,604,587 2.23%
1.125 to 1.250 32 11,171,054 6.92%
1.250 to 1.375 80 25,385,039 15.72%
1.375 to 1.500 72 31,641,779 19.59%
1.500 to 1.625 69 24,676,068 15.28%
1.625 to 1.750 47 19,784,832 12.25%
1.750 to 1.875 44 14,028,383 8.69%
1.875 to 2.000 19 9,499,479 5.88%
2.000 to 2.125 16 6,983,806 4.32%
2.125 & above 41 12,403,568 7.68%
Unknown 0 0 0.00%
Total 434 161,498,396 100.00%
Weighted Average Debt Service Coverage Ratio is 1.604
(1) Debt Service Coverage Ratios are calculated as described
in the prospectus,
values are updated periodically as new NOI figures became
available from
borrowers on an asset level.
Neither the Trustee, Servicer, Special Servicer or
Underwriter
makes any representation as to the accuracy of the data
provided
by the borrower for this calculation.
NOI Aging
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 238 86,054,883 53.29%
1 to 2 years 189 71,795,533 44.46%
2 Years or More 6 3,339,582 2.07%
Unknown 1 308,399 0.19%
Total 434 161,498,396 100.00%
Distribution of Maximum Rates
Number Scheduled Based on
Maximum Rates of Loans Balance Balance
No Maximum 0 0 0.00%
0.01% to 12.50% 0 0 0.00%
12.51% to 13.00% 2 1,511,698 0.94%
13.01% to 13.50% 169 67,312,399 41.68%
13.51% to 14.00% 199 67,140,397 41.57%
14.01% to 14.50% 48 18,661,389 11.56%
14.51% to 15.00% 13 6,401,866 3.96%
15.01% to 15.50% 1 80,665 0.05%
15.51% to 16.00% 2 389,983 0.24%
16.01% to 16.50% 0 0 0.00%
16.51% to 17.00% 0 0 0.00%
17.01% to 17.50% 0 0 0.00%
17.51% to 18.00% 0 0 0.00%
18.01% & Above 0 0 0.00%
Total 434 161,498,396 100.00%
Weighted Average for Mtge with a Maximum Rate is 13.78%
Distribution of Payment Adjustment
Interest Adjustment Number Scheduled Based on
Frequency Loans Balance Balance
Six Month 434 161,498,396 100.00%
Total 434 161,498,396 100.00%
Distribution of Mortgage Loan Margins
Number Scheduled Based on
Mortgage Loan Margins Loans Balance Balance
None 0 0 0.00%
0.01% to 2.50% 0 0 0.00%
2.51% to 3.00% 0 0 0.00%
3.01% to 3.25% 1 316,562 0.20%
3.26% to 3.50% 19 9,751,620 6.04%
3.51% to 3.75% 127 45,864,592 28.40%
3.76% to 4.00% 111 38,063,727 23.57%
4.01% to 4.25% 65 24,279,302 15.03%
4.26% to 4.50% 41 15,708,207 9.73%
4.51% & Above 70 27,514,386 17.04%
Total 434 161,498,396 100.00%
Weighted Average for Mtge with a Margin 4.15%
(1) For adjustable mortgage loans where a minimum rate does
not
exist the gross margin w
Distribution of Minimum Rates
Number Scheduled Based on
Minimum Rates (1) of Loans Balance Balance
No Minimum Rate 0 0 0.00%
0.010% to 6.500% 0 0 0.00%
6.510% to 7.000% 2 1,511,698 0.94%
7.010% to 7.250% 4 2,136,259 1.32%
7.260% to 7.500% 188 70,722,891 43.79%
7.510% to 7.750% 173 58,386,245 36.15%
7.760% to 8.000% 20 5,228,538 3.24%
8.010% to 8.250% 4 1,814,925 1.12%
8.260% to 8.500% 23 11,305,131 7.00%
8.510% to 8.750% 7 3,079,315 1.91%
8.760% to 9.000% 5 3,687,700 2.28%
9.010% to 9.500% 4 2,205,440 1.37%
9.510% to 10.000% 3 822,380 0.51%
10.010%&Above 1 597,873 0.37%
Total 434 161,498,396 100.00%
Weighted Average for Mtge with a Minimum Rate is 7.77%
Distribution of Interest Adjustment
Interest Adjustment Number Scheduled Based on
Frequency Loans Balance Balance
Six Month 434 161,498,396 100.00%
Total 434 161,498,396 100.00%
Prime Loans
Distribution of Balances
Current Scheduled Number Scheduled Based
on
Balances of Loans Balance Balance
$0 to $100,000 8 730,397 5.60%
$100,000 to $200,000 21 3,141,158 24.07%
$200,000 to $300,000 13 3,126,080 23.96%
$300,000 to $400,000 6 2,163,112 16.58%
$400,000 to $500,000 2 886,850 6.80%
$500,000 to $600,000 1 546,863 4.19%
$600,000 to $700,000 1 632,375 4.85%
$700,000 to $800,000 0 0 0.00%
$800,000 to $900,000 1 814,070 6.24%
$900,000 to $1,000,000 0 0 0.00%
$1,000,000 to $1,100,000 1 1,007,354 7.72%
$1,100,000 to $1,200,000 0 0 0.00%
$1,200,000 to $1,300,000 0 0 0.00%
$1,300,000 to $1,400,000 0 0 0.00%
$1,400,000 to $1,500,000 0 0 0.00%
$1,500,000 to $1,600,000 0 0 0.00%
$1,600,000 to $1,700,000 0 0 0.00%
$1,700,000 to $1,800,000 0 0 0.00%
$1,800,000 to $1,900,000 0 0 0.00%
$1,900,000 & Above 0 0 0.00%
Total 54 13,048,260 100.00%
Average Scheduled Balance is 241,634
Maximum Scheduled Balance is 1,007,354
Minimum Scheduled Balance is 71,646
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Retail 19 4,670,203 35.79%
Multifamily 12 2,487,037 19.06%
Warehouse 3 2,049,960 15.71%
Mixed Use 10 1,851,079 14.19%
Industrial 6 1,131,924 8.67%
Office 4 858,057 6.58%
Total 54 13,048,260 100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
7.000% or less 0 0 0.00%
7.000% to 7.500% 0 0 0.00%
7.500% to 8.000% 0 0 0.00%
8.000% to 8.500% 0 0 0.00%
8.500% to 9.000% 1 178,815 1.37%
9.000% to 9.500% 0 0 0.00%
9.500% to 10.000% 1 469,080 3.59%
10.000% to 10.500% 5 1,113,868 8.54%
10.500% to 11.000% 24 5,256,745 40.29%
11.000% to 11.500% 2 419,281 3.21%
11.500% to 12.000% 14 4,438,862 34.02%
12.000% to 12.500% 6 1,072,073 8.22%
12.500% to 13.000% 1 99,537 0.76%
13.000% to 13.500% 0 0 0.00%
13.500% & Above 0 0 0.00%
Total 54 13,048,260 100.00%
Weighted Average Mortgage Interest Rate 11.3071%
Minimum Mortgage Interest Rate is 8.7510%
Maximum Mortgage Interest Rate is 13.0000%
Geographic Distribution
Geographic Number Scheduled Based on
Location of Loans Balance Balance
California 42 10,700,655 82.01%
Arizona 5 1,022,273 7.83%
Oregon 4 679,971 5.21%
Nevada 1 273,992 2.10%
Washington 1 222,363 1.70%
Texas 1 149,007 1.14%
Total 54 13,048,260 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 35 7,750,908 59.40%
1+ to 2 years 9 1,907,131 14.62%
2+ to 3 years 10 3,390,221 25.98%
3+ to 4 years 0 0 0.00%
4+ to 5 years 0 0 0.00%
5+ to 6 years 0 0 0.00%
6+ to 7 years 0 0 0.00%
7+ to 8 years 0 0 0.00%
8+ to 9 years 0 0 0.00%
9+ to 10 years 0 0 0.00%
10 years or more 0 0 0.00%
Total 54 13,048,260 100.00%
Weighted Average Seasoning is 1.3
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 54 13,048,260 100.00%
Total 54 13,048,260 100.00%
Distribution of Remaining Term
Fully Amortizing
Fully Amortizing Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
60 months or less 0 0 0.00%
61 to 120 months 0 0 0.00%
121 to 180 months 0 0 0.00%
181 to 240 months 1 814,070 6.24%
241 to 360 months 53 12,234,190 93.76%
Total 54 13,048,260 100.00%
Weighted Average Months to Maturity is 336
Distribution of Remaining Term
Balloon Loans
Balloon Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
12 months or less 0 0 0.00%
13 to 24 months 0 0 0.00%
25 to 36 months 0 0 0.00%
37 to 48 months 0 0 0.00%
49 to 60 months 0 0 0.00%
61 to 120 months 0 0 0.00%
121 to 180 months 0 0 0.00%
181 to 240 months 0 0 0.00%
Total 0 0 0.00%
Weighted Average Months to Maturity isNA
Distribution of DSCR
Debt Service Number Scheduled Based on
Coverage Ratio (of Loans Balance Balance
0.500 orless 0 0 0.00%
0.500 to 0.625 0 0 0.00%
0.625 to 0.750 0 0 0.00%
0.750 to 0.875 0 0 0.00%
0.875 to 1.000 0 0 0.00%
1.000 to 1.125 1 164,113 1.26%
1.125 to 1.250 3 1,366,018 10.47%
1.250 to 1.375 10 1,849,937 14.18%
1.375 to 1.500 11 2,543,574 19.49%
1.500 to 1.625 6 1,807,076 13.85%
1.625 to 1.750 5 998,051 7.65%
1.750 to 1.875 5 1,254,730 9.62%
1.875 to 2.000 4 1,123,000 8.61%
2.000 to 2.125 1 469,080 3.59%
2.125 & Above 7 1,241,740 9.52%
Unknown 1 230,941 1.77%
Total 54 13,048,260 100.00%
Weighted Average Debt Service Coverage Ratio is 1.715
NOI Aging
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 19 3,470,808 26.60%
1 to 2 years 21 5,175,463 39.66%
2 Years or More 14 4,401,989 33.74%
Unknown 0 0 0.00%
Total 54 13,048,260 100.00%
Distribution of Maximum Rates
Number Scheduled Based on
Maximum Rates of Loans Balance Balance
No Maximum 0 0 0.00%
0.01% to 12.50% 0 0 0.00%
12.51% to 13.00% 0 0 0.00%
13.01% to 13.50% 0 0 0.00%
13.51% to 14.00% 5 1,892,236 14.50%
14.01% to 14.50% 10 2,772,178 21.25%
14.51% to 15.00% 28 5,825,353 44.64%
15.01% to 15.50% 2 357,923 2.74%
15.51% to 16.00% 6 1,727,800 13.24%
16.01% to 16.50% 0 0 0.00%
16.51% to 17.00% 2 373,234 2.86%
17.01% to 17.50% 1 99,537 0.76%
17.51% to 18.00% 0 0 0.00%
18.01%&Above 0 0 0.00%
Total 54 13,048,260 100.00%
Weighted Average for Mtge with a Maximum Rate is 14.87%
Distribution of Payment Adjustment
Interest Adjustment Number Scheduled Based on
Frequency Loans Balance Balance
Six Month 54 13,048,260 100.00%
Total 54 13,048,260 100.00%
Distribution of Mortgage Loan Margins
Number Scheduled Based on
Mortgage Loan Margins Loans Balance Balance
No Margin 0 0 0.00%
0.010% to 2.500% 0 0 0.00%
2.510% to 3.000% 5 1,151,279 8.82%
3.010% to 3.250% 10 2,722,174 20.86%
3.260% to 3.500% 6 787,243 6.03%
3.510% to 3.750% 18 5,861,945 44.93%
3.760% to 4.000% 14 2,426,081 18.59%
4.010% to 4.250% 0 0 0.00%
4.260% to 4.500% 1 99,537 0.76%
4.510% & Above 0 0 0.00%
Total 54 13,048,260 100.00%
Weighted Average for Mtge with a Margin 3.51%
(1) For adjustable mortgage loans where a minimum
rate does not exist the gross margin w
Distribution of Minimum Rates
Number Scheduled Based on
Minimum Rates (1) of Loans Balance Balance
No Minimum Rate 0 0 0.00%
0.010% to 6.500% 0 0 0.00%
6.510% to 7.000% 0 0 0.00%
7.010% to 7.250% 0 0 0.00%
7.260% to 7.500% 0 0 0.00%
7.510% to 7.750% 0 0 0.00%
7.760% to 8.000% 4 1,735,743 13.30%
8.010% to 8.250% 2 551,612 4.23%
8.260% to 8.500% 10 2,710,145 20.77%
8.510% to 8.750% 16 3,648,401 27.96%
8.760% to 9.000% 16 3,407,554 26.12%
9.010% to 9.500% 5 895,269 6.86%
9.510% to 10.000% 0 0 0.00%
10.010% & Above 1 99,537 0.76%
Total 54 13,048,260 100.00%
Weighted Average for Mtge with a Minimum Rate is 8.68%
Distribution of Interest Adjustment
Interest Adjustment Number Scheduled Based on
Frequency Loans Balance Balance
Six Month 54 13,048,260 100.00%
Total 54 13,048,260 100.00%
DistributiDelinq 1 Month Delinq 2 Months Delinq 3+
Month
Date # Balance # Balance # Balance
09/25/97 7 1,393,548 2 1,972,441 0 0
1.31% 0.697% 0.37% 0.986% 0.00%
0.000%
08/25/97 2 1,973,431 0 0 0 0
0.37% 0.977% 0.00% 0.000% 0.00%
0.000%
07/25/97 2 669,343 0 0 0 0
0.37% 0.330% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
Foreclosure/
DistributiBankruptcy REO Modifications
Date # Balance # Balance # Balance
09/25/97 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
08/25/97 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
07/25/97 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
Note: Foreclosure and REO Totals are Included in the
Appropriate Delinquency Aging Category
DistributiPrepayments Curr Weighted Avg.
Date # Balance Coupon Remit
09/25/97 2 1,519,298 9.3377% 8.9602%
0.37% 0.760%
08/25/97 3 1,908,924 9.0730% 8.6955%
0.56% 0.945%
07/25/97 1 784,838 8.8932% 8.5157%
0.19% 0.386%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
