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) November 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 November 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
November 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: December 5, 1997
ABN AMRO
LaSalle National Bank
Administrator:
Brian Ames (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: 11/25/97
Payment Date: 11/25/97
Prior Payment: 10/27/97
Record Date: 10/31/97
WAC: 9.546228%
WAMM: 336
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 76,227,435.93
617059CN8 1000.000000000 938.414821248
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 N198,072,888.93
617059CT5 1000.000000000 975.365983450
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
203,075,453.00 198,072,888.93
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 2,586,625.99 0.00
617059CN8 31.843235135 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
2,586,625.99 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
A-1 0.00 73,640,809.94
617059CN8 0.000000000 906.571586114
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 0.00 195,486,262.94
617059CT5 0.000000000 962.628717810
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
0.00 195,486,262.94
Total P&I Payment 4,100,022.95
Interest Interest Pass-Through
Class Payment Adjustment Rate
(2)
CUSIP Per $1,000 Per $1,000 Next
Rate (3)
A-1 362,061.79 0.00
5.89625000%
617059CN8 4.457242275 0.000000000
5.92750000%
A-2 293,781.54 0.00
5.98625000%
617059CP3 4.822256984 0.000000000
6.01750000%
B 49,941.83 0.00
6.10625000%
617059CQ1 4.918923471 0.000000000
6.13750000%
C 61,895.14 0.00
6.30625000%
617059CR9 5.080034471 0.000000000
6.33750000%
D 54,276.60 0.00
6.63625000%
617059CS7 5.345868216 0.000000000
6.66750000%
X 592,450.48 0.00
3.58928766%
617059CT5 2.917390907 0.000000000
3.05913109%
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
1,513,396.96 0.00
REMIC II
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Interest I 81,230,000.00 76,227,435.93
None 1,000.000000000 938.414821248
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
203,075,453.00 198,072,888.93
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 2,586,625.99 0.00
None 31.843235135 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
2,586,625.99 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
Interest I 0.00 73,640,809.94
None 0.000000000 906.571586114
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
0.00 195,486,262.94
Interest Interest Pass-Through
Class Payment Adjustment Rate
(2)
CUSIP Per $1,000 Per $1,000 Next
Rate (3)
Interest I 582,423.82 0.00
9.16872751%
None 7.170058107 0.000000000
9.00734675%
Interest II 465,481.01 0.00
9.16872751%
None 7.640606185 0.000000000
9.00734675%
Interest III 77,575.08 0.00
9.16872751%
None 7.640606717 0.000000000
9.00734675%
Interest IV 93,093.15 0.00
9.16872751%
None 7.640606533 0.000000000
9.00734675%
Interest V 77,575.08 0.00
9.16872751%
None 7.640606717 0.000000000
9.00734675%
Interest VI 77,575.08 0.00
9.16872751%
None 7.640606717 0.000000000
9.00734675%
Interest VII 46,546.57 0.00
9.16872751%
None 7.640605712 0.000000000
9.00734675%
Interest VIII 15,510.43 0.00
9.16872751%
None 7.640605911 0.000000000
9.00734675%
Interest IX 23,273.29 0.00
9.16872751%
None 7.640607354 0.000000000
9.00734675%
Interest X 54,343.45 0.00
9.16872751%
None 7.640605850 0.000000000
9.00734675%
R-II 0.00 0.00
617059DA5 0.000000000 0.000000000
1,513,396.96 0.00
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 203,075,453.00 198,072,888.93
None 1,000.000000000 975.365983450
R-I 0.00 0.00
617059CZ1 1,000.000000000 0.000000000
203,075,453.00 198,072,888.93
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 2,586,625.99 0.00
None 12.737265641 0.000000000
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
2,586,625.99 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 0.00 195,486,262.94
None 0.000000000 962.628717810
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
0.00 195,486,262.94
Interest Interest Pass-Through
Class Payment Adjustment Rate
(2)
CUSIP Per $1,000 Per $1,000 Next
Rate (3)
Regular Interest 1,513,396.96 0.00
9.16872751%
None 7.452387463 0.000000000
9.00734675%
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
1,513,396.96 0.00
Other Related Information
Number of Outstanding Mortgage Loans 530
Stated Principal Balance 195,486,262.85
Total Unscheduled Principal 2,473,371.61
Collateral Value Adjustments 0.00
Prepayment Interest Shortfall 374.78
Less Prepayment Interest Excess 1,496.94
Net Prepayment Interest Shortfall 0.00
Prepayment Premium 0.00
Less Net Prepayment Interest Shortfall 0.00
Net Prepayment Premium 0.00
Current Master Servicing Fees 40,745.00
Repurchased Mortgage Loans
Loan Number NA
Repurchase Proceeds NA
Special Servicing Fees NA
Advances
Prior
Outstanding
Principal
Interest
Made by Servicer: 24,216.49
350,405.53
Made by Trustee: 0.00
0.00
Made by Fiscal Agent: 0.00
0.00
Totals: 24,216.49
350,405.53
Current Month
Principal
Interest
Made by Servicer: 37,400.86
480,954.39
Made by Trustee: 0.00
0.00
Made by Fiscal Agent: 0.00
0.00
37,400.86
480,954.39
Recovered
Principal
Interest
Made by Servicer: 21,908.93
333,726.57
Made by Trustee: 0.00
0.00
Made by Fiscal Agent: 0.00
0.00
21,908.93
333,726.57
Advances Outstanding
Principal
Interest
Made by Servicer: 39,708.42
497,633.36
Made by Trustee: 0.00
0.00
Made by Fiscal Agent: 0.00
0.00
39,708.42
497,633.36
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
Disclosure Control Collateral Value
Collateral Value Adj.
Number Adjustment Interest Rate
Interest 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
lances of Loans Balance
Balance
$0t $100,000 37 3,122,148 1.60%
$100,000t $200,000 180 27,101,865 13.86%
$200,000t $300,000 109 26,571,811 13.59%
$300,000t $400,000 60 20,750,542 10.61%
$400,000t $500,000 38 17,264,397 8.83%
$500,000t $600,000 19 10,497,780 5.37%
$600,000t $700,000 17 10,936,400 5.59%
$700,000t $800,000 12 9,214,059 4.71%
$800,000t $900,000 13 10,847,728 5.55%
$900,000t $1,000,000 9 8,524,350 4.36%
$1,000,000t $1,100,000 10 10,488,273 5.37%
$1,100,000t $1,200,000 4 4,688,176 2.40%
$1,200,000t $1,300,000 4 4,961,422 2.54%
$1,300,000t $1,400,000 5 6,716,872 3.44%
$1,400,000t $1,500,000 3 4,346,873 2.22%
$1,500,000t $1,600,000 2 3,133,880 1.60%
$1,600,000t $1,700,000 2 3,330,372 1.70%
$1,700,000t $1,800,000 0 0 0.00%
$1,800,000t $1,900,000 1 1,859,677 0.95%
$1,900,000&Above 5 11,129,636 5.69%
Total 530 195,486,263 100.00%
Average Scheduled Balance is 366,766
Maximum Scheduled Balance is 3,065,748
Minimum Scheduled Balance is 36,239
Distribution of Property Types
Number Scheduled Based
on
Property Types of Loans Balance Balance
Multifamily 424 139,769,104
71.50%
Retail 41 20,746,603
10.61%
Mixed Use 24 14,031,532
7.18%
Office 17 9,192,671
4.70%
Mobile Home 8 5,499,454
2.81%
Industrial 13 4,200,158
2.15%
Warehouse 3 2,046,740
1.05%
Total 530 195,486,263
100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled
Based on
Interest Rate of Loans Balance
Balance
7.000%oless
7.000%t 7.500% 10 3,325,331 1.70%
7.500%t 8.000% 5 1,454,685 0.74%
8.000%t 8.500% 14 7,788,450 3.98%
8.500%t 9.000% 158 62,445,822 31.94%
9.000%t 9.500% 79 31,649,273 16.19%
9.500%t 10.000% 121 40,760,108 20.85%
10.000%t 10.500% 78 27,239,629 13.93%
10.500%t 11.000% 31 11,746,572 6.01%
11.000%t 11.500% 6 1,495,199 0.76%
11.500%t 12.000% 18 5,556,408 2.84%
12.000%t 12.500% 9 1,925,304 0.98%
12.500%t 13.000% 1 99,483 0.05%
13.000%t 13.500% 0 0 0.00%
13.500%&Above 0 0 0.00%
Total 530 195,486,263 100.00%
W/Avg Mortgage Interest Rate is 9.5462%
Minimum Mortgage Interest Rate is 7.5000%
Maximum Mortgage Interest Rate is 13.0000%
Geographic Distribution
Geographic Number Scheduled Based
on
Location of Loans Balance Balance
California 293 96,353,257
49.29%
Washington 45 28,249,897
14.45%
Arizona 58 24,546,920
12.56%
Colorado 60 19,062,971
9.75%
Oregon 48 16,824,806
8.61%
Texas 17 5,673,503
2.90%
Illinois 1 1,691,643
0.87%
Nevada 4 1,333,777
0.68%
New Jersey 1 832,967
0.43%
Idaho 1 457,497
0.23%
Utah 1 310,146
0.16%
New Mexico 1 148,880
0.08%
Total 530 195,486,263
100.00%
Loan Seasoning
Number Scheduled Based
on
Number of Years of Loans Balance Balance
1 year or less 352 124,110,896
63.49%
1+ to 2 years 162 64,478,382
32.98%
2+ to 3 years 16 6,896,985
3.53%
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 530 195,486,263
100.00%
Weighted Average Seasoning is 1.0
Distribution of Amortization Type
Number Scheduled
Based on
Amortization Type of Loans Balance
Balance
Fully Amortizing 520189,083,281
96.72%
Interest Only / Balloon 10 6,402,982
3.28%
Total 530195,486,263
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 2,178,541
1.11%
181 to 240 months 7 2,176,661
1.11%
241 to 360 months 509 184,728,080
94.50%
Total 520 189,083,281
96.72%
Weighted Average Months to Maturity is 343
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 4,759,331
2.43%
121 to 180 months 2 1,470,091
0.75%
181 to 240 months 1 173,560
0.09%
Total 10 6,402,982
3.28%
Weighted Average Months to Maturity is 113
Distribution of DSCR
Debt Service Number Scheduled Based on
Coverage Ratio (of Loans Balance Balance
0.5oless 0 0 0.00%
0.5001t 0.625 0 0 0.00%
0.6251t 0.75 2 773,249 0.40%
0.7501t 0.875 2 539,533 0.28%
0.8751t 1 3 1,004,633 0.51%
1.0001t 1.125 8 3,760,718 1.92%
1.1251t 1.25 52 21,488,069 10.99%
1.2501t 1.375 101 32,046,096 16.39%
1.3751t 1.5 93 40,635,598 20.79%
1.5001t 1.625 77 27,112,342 13.87%
1.6251t 1.75 54 22,177,903 11.34%
1.7501t 1.875 49 15,269,113 7.81%
1.8751t 2 25 11,093,664 5.67%
2.0001t 2.125 16 5,657,860 2.89%
2.1251&above 47 13,696,752 7.01%
Unknown 1 230,732 0.12%
Total 530 195,486,263 100.00%
Weighted Average Debt Service Coverage Ratio is
1.576
(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 167 63,062,528
32.26%
1 to 2 years 334 121,354,062
62.08%
2 Years or More 28 10,762,203
5.51%
Unknown 1 307,469
0.16%
Total 530 195,486,263
100.00%
Distribution of Maximum Rates
Number Scheduled Based on
Maximum Rates of Loans Balance Balance
No Maximum 0 0 0
0.01%t 12.50% 0 0 0.00%
12.51%t 13.00% 2 1,509,868 0.77%
13.01%t 13.50% 214 90,828,775 46.46%
13.51%t 14.00% 202 67,092,193 34.32%
14.01%t 14.50% 57 20,815,141 10.65%
14.51%t 15.00% 41 12,212,610 6.25%
15.01%t 15.50% 3 438,424 0.22%
15.51%t 16.00% 8 2,116,771 1.08%
16.01%t 16.50% 0 0 0.00%
16.51%t 17.00% 2 372,999 0.19%
17.01%t 17.50% 1 99,483 0.05%
17.51%t 18.00% 0 0 0.00%
18.01%&above 0 0 0.00%
Total 530 195,486,263 100.00%
Weighted Average for Mtge with a Maximum Rate is
13.80%
Distribution of Payment Adjustment
Interest AdjustmentNumber Scheduled Based
on
Frequency Loans Balance Balance
Six Month 530 195,486,263
100.00%
Total 530 195,486,263
100.00%
Distribution of Indices of Mortgage Loans
Number Scheduled Based
on
Indices of Loans Balance Balance
6 Month LIBOR 431 158,852,934
81.26%
1 Year CMT 46 23,751,793
12.15%
WSJ Prime Rate 53 12,881,536
6.59%
Total 530 195,486,263
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 13,316,555 6.81%
3.010%t 3.250% 25 9,046,128 4.63%
3.260%t 3.500% 33 15,136,606 7.74%
3.510%t 3.750% 147 52,479,170 26.85%
3.760%t 4.000% 124 38,654,825 19.77%
4.010%t 4.250% 65 24,254,822 12.41%
4.260%t 4.500% 41 15,718,019 8.04%
4.510%&Above 69 26,880,138 13.75%
Total 530 195,486,263
100.00%
Weighted Average for Mtge with a Margin is
3.99%
Distribution of Minimum Rates
Number Scheduled Based
on
Minimum Rates (1 of Loans Balance
Balance
No Minimum 0 0 0.00%
0.010%t 6.500% 0 0 0.00%
6.510%t 7.000% 2 1,509,868 0.77%
7.010%t 7.250% 29 17,591,248 9.00%
7.260%t 7.500% 208 78,776,874 40.30%
7.510%t 7.750% 172 56,609,509 28.96%
7.760%t 8.000% 24 6,957,281 3.56%
8.010%t 8.250% 6 2,365,287 1.21%
8.260%t 8.500% 33 14,005,592 7.16%
8.510%t 8.750% 23 6,720,582 3.44%
8.760%t 9.000% 20 6,931,055 3.55%
9.010%t 9.500% 9 3,098,215 1.58%
9.510%t 10.000% 3 821,269 0.42%
10.010%&Above 1 99,483 0.05%
Total 530 195,486,263 100.00%
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
530195,486,263 100.00%
Total
530195,486,263 100.00%
(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
$0t $100,000 0 0 0.00%
$100,000t $200,000 5 835,927 3.52%
$200,000t $300,000 10 2,532,867 10.66%
$300,000t $400,000 12 4,022,079 16.93%
$400,000t $500,000 4 1,879,160 7.91%
$500,000t $600,000 4 2,246,833 9.46%
$600,000t $700,000 0 0 0.00%
$700,000t $800,000 2 1,476,497 6.22%
$800,000t $900,000 2 1,687,089 7.10%
$900,000t $1,000,000 2 1,910,602 8.04%
$1,000,000t $1,100,000 1 1,083,148
4.56%
$1,100,000t $1,200,000 0 0
0.00%
$1,200,000t $1,300,000 1 1,239,217
5.22%
$1,300,000t $1,400,000 1 1,366,280
5.75%
$1,400,000t $1,500,000 1 1,435,178
6.04%
$1,500,000t $1,600,000 0 0
0.00%
$1,600,000t $1,700,000 0 0
0.00%
$1,700,000t $1,800,000 0 0
0.00%
$1,800,000t $1,900,000 0 0
0.00%
$1,900,000&Above 1 2,036,916
8.58%
Total 46 23,751,793
100.00%
Average Scheduled Balance is 516,343
Maximum Scheduled Balance is 2,036,916
Minimum Scheduled Balance is 117,725
Distribution of Property Types
Number Scheduled Based
on
Property Types of Loans Balance Balance
Multifamily 46 23,751,793
100.00%
Total 46 23,751,793
100.00%
Distribution of Mortgage Interest Rates
Current MortgagNumber Scheduled Based on
Interest Rate of Loans Balance Balance
7.000%oless 0 0 0.00%
7.000%t 8.000% 0 0 0.00%
7.500%t 8.000% 1 487,283 2.05%
8.000%t 8.500% 9 5,676,285 23.90%
8.500%t 9.000% 34 15,251,900 64.21%
9.000%t 9.500% 2 2,336,324 9.84%
9.500%t 10.000% 0 0 0.00%
10.000%t 10.500% 0 0 0.00%
10.500%t 11.000% 0 0 0.00%
11.000%t 11.500% 0 0 0.00%
11.500%t 12.000% 0 0 0.00%
12.000%t 12.500% 0 0 0.00%
12.500%t 13.000% 0 0 0.00%
13.000%t 13.500% 0 0 0.00%
13.500%&Above 0 0 0.00%
Total 46 23,751,793 100.00%
Weighted Average Mortgage Interest Rate is
8.7455%
Minimum Mortgage Interest Rate is
8.0000%
Maximum Mortgage Interest Rate is
9.3750%
Geographic Distribution
Geographic Number Scheduled Based
on
Location of Loans Balance Balance
Washington 28 16,740,700
70.48%
Oregon 11 4,485,522
18.88%
California 4 1,337,432
5.63%
Colorado 2 710,469
2.99%
Arizona 1 477,670
2.01%
Total 46 23,751,793
100.00%
Loan Seasoning
Number Scheduled Based
on
Number of Years of Loans Balance Balance
1 year or less 30 13,372,023
56.30%
1+ to 2 years 16 10,379,770
43.70%
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 23,751,793
100.00%
Weighted Average Seasoning is 1.0
Distribution of Amortization Type
Number Scheduled Based
on
Amortization Type of Loans Balance Balance
Fully Amortizing 46 23,751,793
100.00%
Total 46 23,751,793
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 23,751,793
100.00%
Total 46 23,751,793
100.00%
Weighted Average Months to Maturity is 347
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
0.500oless 0 0 0.00%
0.500t 0.625 0 0 0.00%
0.625t 0.750 0 0 0.00%
0.750t 0.875 0 0 0.00%
0.875t 1.000 0 0 0.00%
1.000t 1.125 0 0 0.00%
1.125t 1.250 17 8,963,308 37.74%
1.250t 1.375 12 5,441,988 22.91%
1.375t 1.500 10 6,490,204 27.33%
1.500t 1.625 2 663,051 2.79%
1.625t 1.750 2 1,413,364 5.95%
1.750t 1.875 0 0 0.00%
1.875t 2.000 2 481,926 2.03%
2.000t 2.125 0 0 0.00%
2.125&above 1 297,951 1.25%
Unknown 0 0 0 0
0.00%
Total 0 0 46 23,751,793
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 18 7,819,897
32.92%
1 to 2 years 25 14,154,026
59.59%
2 Years or More 3 1,777,869
7.49%
Unknown 0 0
0.00%
Total 46 23,751,793
100.00%
Distribution of Maximum Rates
Number Scheduled Based on
Maximum Rates of Loans Balance
Balance
No Maximum 0 0
0.00%
12.50%oless 0 0 0.00%
12.51%t 13.00% 0 0 0.00%
13.01%t 13.50% 45 23,591,867 99.33%
13.51%t 14.00% 1 159,926 0.67%
14.01%t 14.50% 0 0 0.00%
14.51%t 15.00% 0 0 0.00%
15.01%t 15.50% 0 0 0.00%
15.51%t 16.00% 0 0 0.00%
16.01%t 16.50% 0 0 0.00%
16.51%t 17.00% 0 0 0.00%
17.01%t 17.50% 0 0 0.00%
17.51%t 18.00% 0 0 0.00%
18.01%&Above 0 0 0.00%
Total 46 23,751,793 100.00%
Weighted Average for Mtge with a Maximum Rate is
13.33%
Distribution of Payment Adjustment
Interest AdjustmentNumber Scheduled Based
on
Frequency Loans Balance Balance
Six Month 46 23,751,793
100.00%
Total 46 23,751,793
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% 21 12,166,269 6.22%
3.010%t 3.250% 14 6,011,917 3.08%
3.260%t 3.500% 8 4,608,992 2.36%
3.510%t 3.750% 3 964,615 0.49%
3.760%t 4.000% 0 0 0.00%
4.010%t 4.250% 0 0 0.00%
4.260%t 4.500% 0 0 0.00%
4.510%&Above 0 0 0.00%
Total 46 23,751,793 12.15%
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%t 6.500% 0 0 0.00%
6.510%t 7.000% 0 0 0.00%
7.010%t 7.250% 25 15,458,379 65.08%
7.260%t 7.500% 20 8,133,488 34.24%
7.510%t 7.750% 1 159,926 0.67%
7.760%t 8.000% 0 0 0.00%
8.010%t 8.250% 0 0 0.00%
8.260%t 8.500% 0 0 0.00%
8.510%t 8.750% 0 0 0.00%
8.760%t 9.000% 0 0 0.00%
9.010%t 9.500% 0 0 0.00%
9.510%t 10.000% 0 0 0.00%
10.010%&above 0 0 0.00%
Total 46 23,751,793 100.00%
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 23,751,793
100.00%
Total 46 23,751,793
100.00%
Six-Month Libor Loans
Distribution of Balances
Current ScheduleNumber Scheduled Based on
Balances of Loans Balance Balance
$0t $100,000 29 2,392,578 1.51%
$100,000t $200,000 155 23,283,619 14.66%
$200,000t $300,000 86 20,914,655 13.17%
$300,000t $400,000 42 14,567,083 9.17%
$400,000t $500,000 32 14,498,578 9.13%
$500,000t $600,000 14 7,704,001 4.85%
$600,000t $700,000 16 10,304,508 6.49%
$700,000t $800,000 10 7,737,562 4.87%
$800,000t $900,000 10 8,348,708 5.26%
$900,000t $1,000,000 7 6,613,748 4.16%
$1,000,000t $1,100,000 8 8,398,576
5.29%
$1,100,000t $1,200,000 4 4,688,176
2.95%
$1,200,000t $1,300,000 3 3,722,204
2.34%
$1,300,000t $1,400,000 4 5,350,592
3.37%
$1,400,000t $1,500,000 2 2,911,695
1.83%
$1,500,000t $1,600,000 2 3,133,880
1.97%
$1,600,000t $1,700,000 2 3,330,372
2.10%
$1,700,000t $1,800,000 0 0
0.00%
$1,800,000t $1,900,000 1 1,859,677
1.17%
$1,900,000&Above 4 9,092,720
5.72%
Total 431 158,852,934 100.00%
Average Scheduled Balance is 366,021
Maximum Scheduled Balance is 3,065,748
Minimum Scheduled Balance is 36,239
Distribution of Property Types
Number Scheduled Based
on
Property Types of Loans Balance Balance
Multifamily 366 113,532,253
71.47%
Retail 23 16,235,152
10.22%
Mixed Use 14 12,182,122
7.67%
Office 13 8,334,893
5.25%
Mobile Home 8 5,499,454
3.46%
Industrial 7 3,069,060
1.93%
Total 431 158,852,934
100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled
Based on
Interest Rate of Loans Balance
Balance
7.000%oless 0 0 0.00%
7.000%t 7.500% 10 3,325,331 2.09%
7.500%t 8.000% 4 967,401 0.61%
8.000%t 8.500% 5 2,112,165 1.33%
8.500%t 9.000% 124 47,193,922 29.71%
9.000%t 9.500% 77 29,312,949 18.45%
9.500%t 10.000% 120 40,291,476 25.36%
10.000%t 10.500% 73 26,126,847 16.45%
10.500%t 11.000% 13 8,227,899 5.18%
11.000%t 11.500% 5 1,294,945 0.82%
11.500%t 12.000% 0 0 0.00%
12.000%t 12.500% 0 0 0.00%
12.500%t 13.000% 0 0 0.00%
13.000%t 13.500% 0 0 0.00%
.500%&Above 0 0 0.00%
Total 431 158,852,934
100.00%
Weighted Average Mortgage Interest Rat 9.5061%
Minimum Mortgage Interest Rate is 7.5000%
Maximum Mortgage Interest Rate is 11.3750%
Geographic Distribution
Geographic Number Scheduled Based
on
Location of Loans Balance Balance
California 248 84,479,939
53.18%
Arizona 52 23,047,831
14.51%
Colorado 58 18,352,502
11.55%
Oregon 33 11,659,985
7.34%
Washington 16 11,287,003
7.11%
Texas 16 5,524,585
3.48%
Illinois 1 1,691,643
1.06%
Nevada 3 1,059,958
0.67%
New Jersey 1 832,967
0.52%
Idaho 1 457,497
0.29%
Utah 1 310,146
0.20%
New Mexico 1 148,880
0.09%
Total 431 158,852,934
100.00%
Loan Seasoning
Number Scheduled Based
on
Number of Years of Loans Balance Balance
1 year or less 293 104,392,710
65.72%
1+ to 2 years 133 51,211,631
32.24%
2+ to 3 years 5 3,248,594
2.05%
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 431 158,852,934
100.00%
Weighted Average Seasoning is 0.9
Distribution of Amortization Type
Number
Scheduled Based on
Amortization Type of Loans Balance
Balance
Fully Amortizing
421152,449,952 95.97%
Interest Only / Balloon 10
6,402,982 4.03%
Total
431158,852,934 100.00%
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 2,178,541
1.37%
181 to 240 months 6 1,364,730
0.86%
241 to 360 months 411 148,906,682
93.74%
Total 421 152,449,952
95.97%
Weighted Average Months to Maturity is 343
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 4,759,331
3.00%
121 to 180 months 2 1,470,091
0.93%
181 to 240 months 1 173,560
0.11%
Total 10 6,402,982
4.03%
Weighted Average Months to Maturity is 113
Distribution of DSCR
Debt Service Number Scheduled Based on
Coverage Ratio (of Loans Balance Balance
0.500oless 0 0 0.00%
0.500t 0.625 0 0 0.00%
0.625t 0.750 2 773,249 0.49%
0.750t 0.875 2 539,533 0.34%
0.875t 1.000 3 1,004,633 0.63%
1.000& 1.125 7 3,596,702 2.26%
1.125& 1.250 32 11,159,825 7.03%
1.250& 1.375 79 24,755,436 15.58%
1.375& 1.500 72 31,603,462 19.89%
1.500& 1.625 69 24,645,221 15.51%
1.625& 1.750 47 19,767,271 12.44%
1.750& 1.875 44 14,014,025 8.82%
1.875& 2.000 19 9,489,374 5.97%
2.000& 2.125 15 5,189,228 3.27%
2.125&above 40 12,314,974 7.75%
Unknown 0 0
0.00%
Total 431 158,852,934
100.00%
Weighted Average Debt Service Coverage Ratio is
1.599
(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 143 53,775,377
33.85%
1 to 2 years 275 100,027,943
62.97%
2 Years or More 12 4,742,145
2.99%
Unknown 1 307,469
0.19%
Total 431 158,852,934
100.00%
Distribution of Maximum Rates
Number Scheduled Based on
Maximum Rates of Loans Balance
Balance
No Maximum 0 0
0.00%
0.01%t 12.50% 0 0 0.00%
12.51%t 13.00% 2 1,509,868 0.95%
13.01%t 13.50% 169 67,236,908 42.33%
13.51%t 14.00% 197 65,198,003 41.04%
14.01%t 14.50% 47 18,045,197 11.36%
14.51%t 15.00% 13 6,392,672 4.02%
15.01%t 15.50% 1 80,588 0.05%
15.51%t 16.00% 2 389,699 0.25%
16.01%t 16.50% 0 0 0.00%
16.51%t 17.00% 0 0 0.00%
17.01%t 17.50% 0 0 0.00%
17.51%t 18.00% 0 0 0.00%
18.01%&Above 0 0 0.00%
Total 431 158,852,934 100.00%
Weighted Average for Mtge with a Maximum Rate is
13.78%
Distribution of Payment Adjustment
Interest AdjustmentNumber Scheduled Based
on
Frequency Loans Balance Balance
Six Month 431 158,852,934
100.00%
Total 431 158,852,934
100.00%
Distribution of Mortgage Loan Margins
Number Scheduled Based
on
Mortgage Loan Margins Loans Balance
Balance
0.00%N 0.00% 0 0 0.00%
0.01%t 2.50% 0 0 0.00%
2.51%t 3.00% 0 0 0.00%
3.01%t 3.25% 1 316,132 0.20%
3.26%t 3.50% 19 9,740,436 6.13%
3.51%t 3.75% 127 45,813,123 28.84%
3.76%t 4.00% 110 36,229,747 22.81%
4.01%t 4.25% 65 24,254,822 15.27%
4.26%t 4.50% 40 15,618,536 9.83%
4.51%&Above 69 26,880,138 16.92%
Total 431 158,852,934 100.00%
Weighted Average for Mtge with a Margi 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%t 6.500% 0 0 0.00%
6.510%t 7.000% 2 1,509,868 0.95%
7.010%t 7.250% 4 2,132,869 1.34%
7.260%t 7.500% 188 70,643,386 44.47%
7.510%t 7.750% 171 56,449,583 35.54%
7.760%t 8.000% 20 5,223,017 3.29%
8.010%t 8.250% 4 1,814,192 1.14%
8.260%t 8.500% 23 11,297,634 7.11%
8.510%t 8.750% 7 3,076,434 1.94%
8.760%t 9.000% 5 3,681,317 2.32%
9.010%t 9.500% 4 2,203,365 1.39%
9.510%t 10.000% 3 821,269 0.52%
10.010%&Above 0 0 0.00%
Total 431 158,852,934
100.00%
Weighted Average for Mtge with a Minimum Rate is
7.77%
Distribution of Interest Adjustment
Interest AdjustmentNumber Scheduled Based
on
Frequency Loans Balance Balance
Six Month 431 158,852,934
100.00%
Total 431 158,852,934
100.00%
Prime Loans
Distribution of Balances
Current Scheduled Number Scheduled
Based on
Balances of Loans Balance
Balance
$0t $100,000 8 729,571 5.66%
$100,000t $200,000 20 2,982,320 23.15%
$200,000t $300,000 13 3,124,289 24.25%
$300,000t $400,000 6 2,161,380 16.78%
$400,000t $500,000 2 886,659 6.88%
$500,000t $600,000 1 546,946 4.25%
$600,000t $700,000 1 631,892 4.91%
$700,000t $800,000 0 0 0.00%
$800,000t $900,000 1 811,931 6.30%
$900,000t $1,000,000 0 0 0.00%
$1,000,000t $1,100,000 1 1,006,549
7.81%
$1,100,000t $1,200,000 0 0
0.00%
$1,200,000t $1,300,000 0 0
0.00%
$1,300,000t $1,400,000 0 0
0.00%
$1,400,000t $1,500,000 0 0
0.00%
$1,500,000t $1,600,000 0 0
0.00%
$1,600,000t $1,700,000 0 0
0.00%
$1,700,000t $1,800,000 0 0
0.00%
$1,800,000t $1,900,000 0 0
0.00%
$1,900,000&Above 0 0
0.00%
Total 53 12,881,536
100.00%
Average Scheduled Balance is 243,048
Maximum Scheduled Balance is 1,006,549
Minimum Scheduled Balance is 71,589
Distribution of Property Types
Number Scheduled Based
on
Property Types of Loans Balance Balance
Retail 18 4,511,451
35.02%
Multifamily 12 2,485,058
19.29%
Warehouse 3 2,046,740
15.89%
Mixed Use 10 1,849,410
14.36%
Industrial 6 1,131,098
8.78%
Office 4 857,779
6.66%
Total 53 12,881,536
100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled
Based on
Interest Rate of Loans Balance
Balance
7.000%oless 0 0 0.00%
7.000%t 7.500% 0 0 0.00%
7.500%t 8.000% 0 0 0.00%
8.000%t 8.500% 0 0 0.00%
8.500%t 9.000% 0 0 0.00%
9.000%t 9.500% 0 0 0.00%
9.500%t 10.000% 1 468,632 3.64%
10.000%t 10.500% 5 1,112,782 8.64%
10.500%t 11.000% 18 3,518,672 27.32%
11.000%t 11.500% 1 200,254 1.55%
11.500%t 12.000% 18 5,556,408 43.13%
12.000%t 12.500% 9 1,925,304 14.95%
12.500%t 13.000% 1 99,483 0.77%
13.000%t 13.500% 0 0 0.00%
13.500%&Above 0 0 0.00%
Total 53 12,881,536 100.00%
Weighted Average Mortgage Interest Rat 11.5258%
Minimum Mortgage Interest Rate is 9.9500%
Maximum Mortgage Interest Rate is 13.0000%
Geographic Distribution
Geographic Number Scheduled Based
on
Location of Loans Balance Balance
California 41 10,535,886
81.79%
Arizona 5 1,021,420
7.93%
Oregon 4 679,299
5.27%
Nevada 1 273,819
2.13%
Washington 1 222,194
1.72%
Texas 1 148,918
1.16%
Total 53 12,881,536
100.00%
Loan Seasoning
Number Scheduled Based
on
Number of Years of Loans Balance Balance
1 year or less 29 6,346,163
49.27%
1+ to 2 years 13 2,886,982
22.41%
2+ to 3 years 11 3,648,391
28.32%
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 53 12,881,536
100.00%
Weighted Average Seasoning is 1.5
Distribution of Amortization Type
Number Scheduled Based
on
Amortization Type of Loans Balance Balance
Fully Amortizing 53 12,881,536
100.00%
Total 53 12,881,536
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 1 811,931
6.30%
241 to 360 months 52 12,069,605
93.70%
Total 53 12,881,536
100.00%
Weighted Average Months to Maturity is 334
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
0.500oless 0 0 0.00%
0.500t 0.625 0 0 0.00%
0.625t 0.750 0 0 0.00%
0.750t 0.875 0 0 0.00%
0.875t 1.000 0 0 0.00%
1.000& 1.125 1 164,016 1.27%
1.125& 1.250 3 1,364,936 10.60%
1.250& 1.375 10 1,848,672 14.35%
1.375& 1.500 11 2,541,932 19.73%
1.500& 1.625 6 1,804,070 14.01%
1.625& 1.750 5 997,268 7.74%
1.750& 1.875 5 1,255,087 9.74%
1.875& 2.000 4 1,122,363 8.71%
2.000& 2.125 1 468,632 3.64%
2.125&Above 6 1,083,827 8.41%
Unknown 1 230,732 1.79%
Total 53 12,881,536 100.00%
Weighted Average Debt Service Coverage Ratio is 1.706
NOI Aging
Number Scheduled Based
on
NOI Date of Loans Balance Balance
1 year or less 6 1,467,253
11.39%
1 to 2 years 34 7,172,093
55.68%
2 Years or More 13 4,242,190
32.93%
Unknown 0 0
0.00%
Total 53 12,881,536
100.00%
Distribution of Maximum Rates
Number Scheduled Based
on
Maximum Rates of Loans Balance Balance
No Maximum 0 0 0.00%
0.01%t 12.50% 0 0 0.00%
12.51%t 13.00% 0 0 0.00%
13.01%t 13.50% 0 0 0.00%
13.51%t 14.00% 4 1,734,264 13.46%
14.01%t 14.50% 10 2,769,944 21.50%
14.51%t 15.00% 28 5,819,938 45.18%
15.01%t 15.50% 2 357,835 2.78%
15.51%t 16.00% 6 1,727,073 13.41%
16.01%t 16.50% 0 0 0.00%
16.51%t 17.00% 2 372,999 2.90%
17.01%t 17.50% 1 99,483 0.77%
17.51%t 18.00% 0 0 0.00%
18.01%&Above 0 0 0.00%
Total 53 12,881,536 100.00%
Weighted Average for Mtge with a Maximum Rate is
14.88%
Distribution of Payment Adjustment
Interest AdjustmentNumber Scheduled Based
on
Frequency Loans Balance Balance
Six Month 53 12,881,536
100.00%
Total 53 12,881,536
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% 5 1,150,287 8.93%
3.010%t 3.250% 10 2,718,080 21.10%
3.260%t 3.500% 6 787,178 6.11%
3.510%t 3.750% 17 5,701,431 44.26%
3.760%t 4.000% 14 2,425,077 18.83%
4.010%t 4.250% 0 0 0.00%
4.260%t 4.500% 1 99,483 0.77%
4.510%&Above 0 0 0.00%
Total 53 12,881,536 100.00%
Weighted Average for Mtge with a Margi 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%t 6.500% 0 0 0.00%
6.510%t 7.000% 0 0 0.00%
7.010%t 7.250% 0 0 0.00%
7.260%t 7.500% 0 0 0.00%
7.510%t 7.750% 0 0 0.00%
7.760%t 8.000% 4 1,734,264 13.46%
8.010%t 8.250% 2 551,095 4.28%
8.260%t 8.500% 10 2,707,958 21.02%
8.510%t 8.750% 16 3,644,148 28.29%
8.760%t 9.000% 15 3,249,738 25.23%
9.010%t 9.500% 5 894,850 6.95%
9.510%t 10.000% 0 0 0.00%
10.010%&Above 1 99,483 0.77%
Total 53 12,881,536
100.00%
Weighted Average for Mtge with a Minimum Rate is
8.67%
Distribution of Interest Adjustment
Interest AdjustmentNumber Scheduled Based
on
Frequency Loans Balance Balance
Six Month 53 12,881,536
100.00%
Total 53 12,881,536
100.00%
DistributiDelinq 1 Month Delinq 2 Months Delinq 3+ Month
Date # Balance # Balance # Balance
11/25/97 6 1,187,172 2 506,749 0 0
1.13% 0.599% 0.38% 0.256% 0.00% 0.000%
10/27/97 15 4,962,842 0 0 0 0
2.81% 2.502% 0.00% 0.000% 0.00% 0.000%
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%
Foreclosure/
DistributiBankruptcy REO Modifications
Date # Balance # Balance # Balance
11/25/97 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
10/27/97 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
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%
Note: Foreclosure and REO Totals are Included in the
Appropriate Delinquency Aging Category
DistributiPrepayments Curr Weighted Avg.
Date # Balance Coupon Remit
11/25/97 3 2,460,442 9.5462% 9.1687%
0.56% 1.242%
10/27/97 1 156,493 9.5328% 9.1553%
0.19% 0.079%
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%
