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) July 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 July 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, series 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
July 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: August 12, 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: 07/25/97
Payment Date: 07/25/97
Prior Payment: NA
Record Date: 06/30/97
WAC: 8.893159%
WAMM: 340
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 81,230,000.00
617059CN8 1000.000000000 1000.000000000
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 N203,075,453.00
617059CT5 1000.000000000 1000.000000000
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 1000.000000000
203,075,453.00 203,075,453.00
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-1 994,137.07 0.00
617059CN8 12.238545734 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
994,137.07 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
A-1 0.00 80,235,862.93
617059CN8 0.000000000 987.761454266
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 0.00 202,081,315.93
617059CT5 0.000000000 995.104592626
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
0.00 202,081,315.93
Total P&I Payment 2,414,207.91
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
A-1 374,492.86 0.00 5.92750000%
617059CN8 4.610277730 0.000000000 5.88844000%
A-2 285,131.88 0.00 6.01750000%
617059CP3 4.680277732 0.000000000 5.97844000%
B 48,466.47 0.00 6.13750000%
617059CQ1 4.773610755 0.000000000 6.09844000%
C 60,056.97 0.00 6.33750000%
617059CR9 4.929166940 0.000000000 6.29844000%
D 52,651.77 0.00 6.66750000%
617059CS7 5.185833744 0.000000000 6.62844000%
X 500,281.31 37,598.27 2.73405588%
617059CT5 2.463524284 0.185144336 2.94814398%
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
1,420,070.84 37,598.27
REMIC II
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Interest I 81,230,000.00 81,230,000.00
None 1,000.000000000 1,000.000000000
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 1,000.000000000
203,075,453.00 203,075,453.00
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 994,137.07 0.00
None 12.238545734 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
994,137.07 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
Interest I 0.00 80,235,862.93
None 0.000000000 987.761454266
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
0.00 202,081,315.93
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
Interest I 591,478.44 15,039.27 8.51565925%
None 7.281527022 0.185144282 8.69546533%
Interest II 443,605.19 11,279.36 8.51565925%
None 7.281527035 0.185144283 8.69546533%
Interest III 73,929.35 1,879.77 8.51565925%
None 7.281527627 0.185144292 8.69546533%
Interest IV 88,718.13 2,255.80 8.51565925%
None 7.281527413 0.185144452 8.69546533%
Interest V 73,929.34 1,879.77 8.51565925%
None 7.281526642 0.185144292 8.69546533%
Interest VI 73,929.34 1,879.77 8.51565925%
None 7.281526642 0.185144292 8.69546533%
Interest VII 44,359.06 1,127.90 8.51565925%
None 7.281526592 0.185144452 8.69546533%
Interest VIII 14,781.50 375.84 8.51565925%
None 7.281527094 0.185142857 8.69546533%
Interest IX 22,179.53 563.95 8.51565925%
None 7.281526592 0.185144452 8.69546533%
Interest X 51,789.53 1,316.84 8.51565925%
None 7.281528609 0.185145687 8.69546533%
R-II 0.00 0.00
617059DA5 0.000000000 0.000000000
1,478,699.41 37,598.27
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 203,075,453.00 203,075,453.00
None 1,000.000000000 1,000.000000000
R-I 0.00 0.00
617059CZ1 1,000.000000000 1,000.000000000
203,075,453.00 203,075,453.00
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 994,137.07 0.00
None 4.895407374 0.000000000
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
994,137.07 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 0.00 202,081,315.93
None 0.000000000 995.104592626
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
0.00 202,081,315.93
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
Regular Interest 1,478,699.41 37,598.27 8.51565925%
None 7.281527079 0.185144336 8.69546533%
R-I 63,631.18 0.00
617059CZ1 0.313337624 0.000000000
1,542,330.59 37,598.27
Other Related Information
Number of Outstanding Mortgage Loans 539
Stated Principal Balance 202,081,315.84
Total Unscheduled Principal 861,844.85
Collateral Value Adjustments 0.00
Prepayment Interest Shortfall 0.00
Less Prepayment Interest Excess 76.17
Net Prepayment Interest Shortfall 0.00
Prepayment Premium 37,598.27
Less Net Prepayment Interest Shortfall 0.00
Net Prepayment Premium 37,598.27
Current Period Gross Master Servicing 60,922.63
Repurchased Mortgage Loans
Loan Number NA
Repurchase Proceeds NA
Special Servicing Fees NA
Advances
Prior Outstanding
Principal Interest
Made by Servicer: 0.00 0.00
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
Totals: 0.00 0.00
Current Month
Principal Interest
Made by Servicer: 40,403.93 447,463.80
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
40,403.93 447,463.80
Recovered
Principal Interest
Made by Servicer: 0.00 0.00
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
0.00 0.00
Advances Outstanding
Principal Interest
Made by Servicer: 40,403.93 447,463.80
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
40,403.93 447,463.80
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 Collateral Collateral
Control Value Interest Value Adj.
Number Adjustment 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
Balances of Loans Balance
Balance
$0to $100,000 38 3,205,328 1.59%
$100,000to $200,000 181 27,365,146 13.54%
$200,000to $300,000 108 26,355,018 13.04%
$300,000to $400,000 62 21,428,618 10.60%
$400,000to $500,000 39 17,778,231 8.80%
$500,000to $600,000 19 10,520,177 5.21%
$600,000to $700,000 18 11,566,649 5.72%
$700,000to $800,000 13 9,954,159 4.93%
$800,000to $900,000 14 11,678,110 5.78%
$900,000to $1,000,000 9 8,550,467 4.23%
$1,000,000to $1,100,000 10 10,510,564 5.20%
$1,100,000to $1,200,000 5 5,812,646 2.88%
$1,200,000to $1,300,000 4 4,982,690 2.47%
$1,300,000to $1,400,000 5 6,729,923 3.33%
$1,400,000to $1,500,000 3 4,357,072 2.16%
$1,500,000to $1,600,000 2 3,139,779 1.55%
$1,600,000to $1,700,000 2 3,336,801 1.65%
$1,700,000to $1,800,000 1 1,790,519 0.89%
$1,800,000to $1,900,000 1 1,862,816 0.92%
$1,900,000&Above 5 11,156,600 5.52%
Total 539 202,081,316 100.00%
Average Scheduled Balance is 374,225
Maximum Scheduled Balance is 3,076,900
Minimum Scheduled Balance is 36,470
Distribution of Property Types
Number Scheduled Based
on
Property Types of Loans Balance Balance
Multifamily 429 142,956,088 70.74%
Retail 43 21,540,183 10.66%
Mixed Use 24 14,081,617 6.97%
Office 19 11,719,287 5.80%
Mobile Home 8 5,511,427 2.73%
Industrial 13 4,219,591 2.09%
Warehouse 3 2,053,122 1.02%
Total 539 202,081,316 100.00%
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% 115 41,973,996 20.77%
7.500%to 8.000% 68 25,510,724 12.62%
8.000%to 8.500% 22 14,399,981 7.13%
8.500%to 9.000% 71 28,207,053 13.96%
9.000%to 9.500% 95 40,508,373 20.05%
9.500%to 10.000% 81 24,342,739 12.05%
10.000%to 10.500% 39 13,980,502 6.92%
10.500%to 11.000% 28 7,580,907 3.75%
11.000%to 11.500% 3 697,732 0.35%
11.500%to 12.000% 12 4,019,226 1.99%
12.000%to 12.500% 5 860,082 0.43%
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 539 202,081,316 100.00%
W/Avg Mortgage Interest Rate is 8.8932%
Minimum Mortgage Interest Rate is 7.2500%
Maximum Mortgage Interest Rate is 12.5000%
Geographic Distribution
Geographic Number Scheduled Based on
Location of Loans Balance Balance
California 299 100,557,043 49.76%
Washington 46 29,126,433 14.41%
Arizona 59 25,201,074 12.47%
Colorado 61 19,832,088 9.81%
Oregon 48 16,881,283 8.35%
Texas 17 5,694,500 2.82%
Illinois 1 1,694,264 0.84%
Nevada 4 1,341,909 0.66%
New Jersey 1 834,040 0.41%
Idaho 1 458,481 0.23%
Utah 1 310,885 0.15%
New Mexico 1 149,316 0.07%
Total 539 202,081,316 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 503 188,908,270 93.48%
1+ to 2 years 25 7,512,233 3.72%
2+ to 3 years 11 5,660,814 2.80%
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 539 202,081,316 100.00%
Weighted Average Seasoning is 0.7
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 529 195,658,602 96.82%
Interest Only / Balloon 10 6,422,714 3.18%
Total 539 202,081,316 100.00%
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 2,201,166 1.09%
181 to 240 months 7 2,194,221 1.09%
241 to 360 months 518 191,263,216 94.65%
Total 529 195,658,602 96.82%
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 7 4,771,620 2.36%
121 to 180 months 2 1,476,407 0.73%
181 to 240 months 1 174,687 0.09%
Total 10 6,422,714 3.18%
Weighted Average Months to Maturity is 117
Distribution of DSCR
Debt Service Number Scheduled Based on
Coverage Ratio (of Loans Balance Balance
0.5orless 0 0 0.00%
0.5001to 0.625 1 182,253 0.09%
0.6251to 0.75 0 0 0.00%
0.7501to 0.875 2 767,437 0.38%
0.8751to 1 2 753,193 0.37%
1.0001to 1.125 6 3,219,249 1.59%
1.1251to 1.25 45 17,324,732 8.57%
1.2501to 1.375 74 26,154,506 12.94%
1.3751to 1.5 85 33,365,496 16.51%
1.5001to 1.625 84 30,377,837 15.03%
1.6251to 1.75 63 27,107,598 13.41%
1.7501to 1.875 58 22,621,450 11.19%
1.8751to 2 31 9,746,252 4.82%
2.0001to 2.125 25 10,705,169 5.30%
2.1251&above 63 19,756,146 9.78%
Unknown 0 0 0.00%
Total 539 202,081,316 100.00%
Weighted Average Debt Service Coverage Ratio is 1.650
(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 421 160,206,311 79.28%
1 to 2 years 28 9,277,753 4.59%
2 Years or More 8 4,231,672 2.09%
Unknown 82 28,365,580 14.04%
Total 539 202,081,316 100.00%
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% 3 2,629,756 1.30%
13.01%to 13.50% 215 91,389,809 45.22%
13.51%to 14.00% 208 71,327,556 35.30%
14.01%to 14.50% 58 21,456,955 10.62%
14.51%to 15.00% 41 12,244,889 6.06%
15.01%to 15.50% 3 439,934 0.22%
15.51%to 16.00% 8 2,119,349 1.05%
16.01%to 16.50% 0 0 0.00%
16.51%to 17.00% 2 373,478 0.18%
17.01%to 17.50% 1 99,589 0.05%
17.51%to 18.00% 0 0 0.00%
18.01%&above 0 0 0.00%
Total 539 202,081,316 100.00%
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 539 202,081,316 100.00%
Total 539 202,081,316 100.00%
Distribution of Indices of Mortgage Loans
Number Scheduled Based on
Indices of Loans Balance Balance
6 Month LIBOR 438 164,085,537 81.20%
1 Year CMT 47 24,932,170 12.34%
WSJ Prime Rate 54 13,063,609 6.46%
Total 539 202,081,316 100.00%
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% 26 13,353,762 6.61%
3.010%to 3.250% 25 9,072,086 4.49%
3.260%to 3.500% 33 15,173,778 7.51%
3.510%to 3.750% 151 55,006,087 27.22%
3.760%to 4.000% 125 40,562,258 20.07%
4.010%to 4.250% 65 24,335,469 12.04%
4.260%to 4.500% 44 17,018,907 8.42%
4.510%&Above 70 27,558,967 13.64%
Total 539 202,081,316 100.00%
Weighted Average for Mtge with a Margin is 3.99%
Distribution of Minimum Rates
Number Scheduled Based on
Minimum Rates (1of Loans Balance Balance
No Minimum 0 0 0.00%
0.010%to 6.500% 0 0 0.00%
6.510%to 7.000% 3 2,629,756 1.30%
7.010%to 7.250% 29 17,641,651 8.73%
7.260%to 7.500% 209 79,298,608 39.24%
7.510%to 7.750% 176 60,191,924 29.79%
7.760%to 8.000% 25 7,447,955 3.69%
8.010%to 8.250% 6 2,369,221 1.17%
8.260%to 8.500% 33 14,030,735 6.94%
8.510%to 8.750% 23 6,736,841 3.33%
8.760%to 9.000% 21 7,104,571 3.52%
9.010%to 9.500% 9 3,108,485 1.54%
9.510%to 10.000% 3 823,648 0.41%
10.010%& Above 2 697,920 0.35%
Total 539 202,081,316 100.00%
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 539 202,081,316 100.00%
Total 539 202,081,316 100.00%
(1) For adjustable mortgage loans where a minimum rate does
not exist the gross margin
One-Year US Treasury Loans
Distribution of Balances
Current Scheduled Number Scheduled
Based on
Balances of Loans Balance
Balance
$0to $100,000 0 0
0.00%
$100,000to $200,000 5 838,520
3.36%
$200,000to $300,000 10 2,539,261
10.18%
$300,000to $400,000 12 4,032,318
16.17%
$400,000to $500,000 4 1,887,634
7.57%
$500,000to $600,000 4 2,252,561
9.03%
$600,000to $700,000 0 0
0.00%
$700,000to $800,000 2 1,479,839
5.94%
$800,000to $900,000 2 1,691,568
6.78%
$900,000to $1,000,000 2 1,915,372
7.68%
$1,000,000to $1,100,000 1 1,085,863
4.36%
$1,100,000to $1,200,000 1 1,116,316
4.48%
$1,200,000to $1,300,000 1 1,242,554
4.98%
$1,300,000to $1,400,000 1 1,369,400
5.49%
$1,400,000to $1,500,000 1 1,438,694
5.77%
$1,500,000to $1,600,000 0 0
0.00%
$1,600,000to $1,700,000 0 0
0.00%
$1,700,000to $1,800,000 0 0
0.00%
$1,800,000to $1,900,000 0 0
0.00%
$1,900,000& Above 1 2,042,268
8.19%
Total 47 24,932,170
100.00%
Average Scheduled Balance is 530,472
Maximum Scheduled Balance is 2,042,268
Minimum Scheduled Balance is 118,043
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Multifamily 47 24,932,170 100.00%
Total 47 24,932,170 100.00%
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% 18 6,650,895 26.68%
7.500%to 8.000% 2 978,360 3.92%
8.000%to 8.500% 9 7,215,142 28.94%
8.500%to 9.000% 14 6,086,044 24.41%
9.000%to 9.500% 4 4,001,728 16.05%
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 47 24,932,170 100.00%
Weighted Average Mortgage Interest Rate is 8.3423%
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 16,787,167 67.33%
Oregon 11 4,497,123 18.04%
California 5 2,457,005 9.85%
Colorado 2 712,313 2.86%
Arizona 1 478,562 1.92%
Total 47 24,932,170 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 43 22,033,424 88.37%
1+ to 2 years 3 1,782,429 7.15%
2+ to 3 years 1 1,116,316 4.48%
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 47 24,932,170 100.00%
Weighted Average Seasoning is 0.8
Distribution of Amortization Type
Number Scheduled Based
on
Amortization Type of Loans Balance Balance
Fully Amortizing 47 24,932,170
100.00%
Total 47 24,932,170
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 47 24,932,170 100.00%
Total 47 24,932,170 100.00%
Weighted Average Months to Maturity is 350
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 is NA
Distribution of DSCR
Debt Service Number Scheduled Based on
Coverage Ratio (of Loans Balance Balance
0.500orless 0 0 0.00%
0.500to 0.625 0 0 0.00%
0.625to 0.750 0 0 0.00%
0.750to 0.875 0 0 0.00%
0.875to 1.000 0 0 0.00%
1.000to 1.125 0 0 0.00%
1.125to 1.250 12 7,183,920 28.81%
1.250to 1.375 8 3,623,822 14.53%
1.375to 1.500 12 7,691,011 30.85%
1.500to 1.625 7 2,536,263 10.17%
1.625to 1.750 4 1,999,017 8.02%
1.750to 1.875 1 1,116,316 4.48%
1.875to 2.000 0 0 0.00%
2.000to 2.125 1 214,192 0.86%
2.125& above 2 567,629 2.28%
Unknown 0 0 0.00%
Total 47 24,932,170 100.00%
Weighted Average Debt Service Coverage Ratio is 1.422
(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 35 18,470,682 74.08%
1 to 2 years 3 1,782,429 7.15%
2 Years or More 1 1,116,316 4.48%
Unknown 8 3,562,743 14.29%
Total 47 24,932,170 100.00%
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% 1 1,116,316 4.48%
13.01%to 13.50% 45 23,655,547 94.88%
13.51%to 14.00% 1 160,307 0.64%
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 47 24,932,170 100.00%
Weighted Average for Mtge with a Maximum Rate is 13.31%
Distribution of Payment Adjustment
Interest Adjustment Number Scheduled Based on
Frequency Loans Balance Balance
Six Month 47 24,932,170 100.00%
Total 47 24,932,170 100.00%
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 12,201,511 6.04%
3.010%to 3.250% 14 6,027,015 2.98%
3.260%to 3.500% 8 4,620,471 2.29%
3.510%to 3.750% 4 2,083,173 1.03%
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 47 24,932,170 12.34%
Weighted Average for Mtge with a Margin is 3.20%
(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% 1 1,116,316 4.48%
7.010%to 7.250% 25 15,501,637 62.18%
7.260%to 7.500% 20 8,153,910 32.70%
7.510%to 7.750% 1 160,307 0.64%
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 47 24,932,170 100.00%
Weighted Average for Mtge with a Minimum Rate is 7.32%
Distribution of Interest Adjustment
Payment Adjustment Number Scheduled Based on
Frequency Loans Balance Balance
Six Month 47 24,932,170 100.00%
Total 47 24,932,170 100.00%
Six-Month Libor Loans
Distribution of Balances
Current ScheduleNumber Scheduled
Based on
Balances of Loans Balance
Balance
$0to $100,000 30 2,474,393 1.51%
$100,000to $200,000 155 23,379,810 14.25%
$200,000to $300,000 86 20,987,173 12.79%
$300,000to $400,000 43 14,931,108 9.10%
$400,000to $500,000 33 15,002,866 9.14%
$500,000to $600,000 14 7,720,317 4.71%
$600,000to $700,000 17 10,933,913 6.66%
$700,000to $800,000 11 8,474,320 5.16%
$800,000to $900,000 11 9,170,369 5.59%
$900,000to $1,000,000 7 6,635,096 4.04%
$1,000,000to $1,100,000 8 8,416,556 5.13%
$1,100,000to $1,200,000 4 4,696,330 2.86%
$1,200,000to $1,300,000 3 3,740,135 2.28%
$1,300,000to $1,400,000 4 5,360,523 3.27%
$1,400,000to $1,500,000 2 2,918,378 1.78%
$1,500,000to $1,600,000 2 3,139,779 1.91%
$1,600,000to $1,700,000 2 3,336,801 2.03%
$1,700,000to $1,800,000 1 1,790,519 1.09%
$1,800,000to $1,900,000 1 1,862,816 1.14%
$1,900,000&Above 4 9,114,332 5.55%
Total 438 164,085,537 100.00%
Average Scheduled Balance is 374,625
Maximum Scheduled Balance is 3,076,900
Minimum Scheduled Balance is 36,470
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Multifamily 370 115,534,718 70.41%
Retail 24 16,864,379 10.28%
Mixed Use 14 12,229,162 7.45%
Office 15 10,860,163 6.62%
Mobile Home 8 5,511,427 3.36%
Industrial 7 3,085,689 1.88%
Total 438 164,085,537 100.00%
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 7.500% 97 35,323,101 21.53%
7.500%to 8.000% 65 24,062,733 14.66%
8.000%to 8.500% 12 6,953,693 4.24%
8.500%to 9.000% 50 20,984,834 12.79%
9.000%to 9.500% 91 36,506,645 22.25%
9.500%to 10.000% 81 24,342,739 14.84%
10.000%to 10.500% 34 12,947,612 7.89%
10.500%to 11.000% 7 2,649,705 1.61%
11.000%to 11.500% 1 314,477 0.19%
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 438 164,085,537 100.00%
Weighted Average Mortgage Interest Rat 8.7996%
Minimum Mortgage Interest Rate is 7.2500%
Maximum Mortgage Interest Rate is 11.1250%
Geographic Distribution
Geographic Number Scheduled Based on
Location of Loans Balance Balance
California 252 87,387,360 53.26%
Arizona 53 23,699,020 14.44%
Colorado 59 19,119,774 11.65%
Washington 17 12,116,738 7.38%
Oregon 33 11,702,540 7.13%
Texas 16 5,545,383 3.38%
Illinois 1 1,694,264 1.03%
Nevada 3 1,067,736 0.65%
New Jersey 1 834,040 0.51%
Idaho 1 458,481 0.28%
Utah 1 310,885 0.19%
New Mexico 1 149,316 0.09%
Total 438 164,085,537 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 422 158,590,956 96.65%
1+ to 2 years 14 3,981,141 2.43%
2+ to 3 years 2 1,513,440 0.92%
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 438 164,085,537 100.00%
Weighted Average Seasoning is 0.6
Distribution of Amortization Type
Number Scheduled
Based on
Amortization Type of Loans Balance
Balance
Fully Amortizing 428 157,662,824
96.09%
Interest Only / Balloon 10 6,422,714
3.91%
Total 438 164,085,537
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 2,201,166 1.34%
181 to 240 months 6 1,378,049 0.84%
241 to 360 months 418 154,083,609 93.90%
Total 428 157,662,824 96.09%
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 7 4,771,620 2.91%
121 to 180 months 2 1,476,407 0.90%
181 to 240 months 1 174,687 0.11%
Total 10 6,422,714 3.91%
Weighted Average Months to Maturity is 117
Distribution of DSCR
Debt Service Number Scheduled Based on
Coverage Ratio (of Loans Balance Balance
0.500orless 0 0 0.00%
0.500to 0.625 1 182,253 0.11%
0.625to 0.750 0 0 0.00%
0.750to 0.875 2 767,437 0.47%
0.875to 1.000 2 753,193 0.46%
1.000& 1.125 6 3,219,249 1.96%
1.125& 1.250 29 8,609,514 5.25%
1.250& 1.375 59 21,014,875 12.81%
1.375& 1.500 64 23,651,916 14.41%
1.500& 1.625 68 25,668,645 15.64%
1.625& 1.750 54 23,960,206 14.60%
1.750& 1.875 50 19,900,442 12.13%
1.875& 2.000 27 8,622,389 5.25%
2.000& 2.125 23 10,259,830 6.25%
2.125&above 53 17,475,590 10.65%
Unknown 0 0 0.00%
Total 438 164,085,537 100.00%
Weighted Average Debt Service Coverage Ratio is 1.675
(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 349 133,625,764 81.44%
1 to 2 years 14 4,329,453 2.64%
2 Years or More 3 1,600,813 0.98%
Unknown 72 24,529,508 14.95%
Total 438 164,085,537 100.00%
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 1,513,440 0.92%
13.01%t 13.50% 170 67,734,263 41.28%
13.51%t 14.00% 202 69,273,327 42.22%
14.01%t 14.50% 48 18,682,683 11.39%
14.51%t 15.00% 13 6,410,775 3.91%
15.01%t 15.50% 1 80,741 0.05%
15.51%t 16.00% 2 390,308 0.24%
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 438 164,085,537 100.00%
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 438 164,085,537 100.00%
Total 438 164,085,537 100.00%
Distribution of Mortgage Loan Margins
Number Scheduled Based on
Mortgage Loan Margins Loans Balance Balance
No Margins 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% 1 316,986 0.19%
3.26%to 3.50% 19 9,765,354 5.95%
3.51%to 3.75% 129 47,056,105 28.68%
3.76%to 4.00% 111 38,133,337 23.24%
4.01%to 4.25% 65 24,335,469 14.83%
4.26%to 4.50% 43 16,919,318 10.31%
4.51%& Above 70 27,558,967 16.80%
Total 438 164,085,537 100.00%
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%to 6.500% 0 0 0.00%
6.510%to 7.000% 2 1,513,440 0.92%
7.010%to 7.250% 4 2,140,014 1.30%
7.260%to 7.500% 189 71,144,699 43.36%
7.510%to 7.750% 175 60,031,617 36.59%
7.760%to 8.000% 21 5,710,638 3.48%
8.010%to 8.250% 4 1,817,116 1.11%
8.260%to 8.500% 23 11,318,524 6.90%
8.510%to 8.750% 7 3,081,941 1.88%
8.760%to 9.000% 5 3,693,975 2.25%
9.010%to 9.500% 4 2,211,595 1.35%
9.510%to 10.000% 3 823,648 0.50%
10.010%&Above 1 598,331 0.36%
Total 438 164,085,537 100.00%
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 438 164,085,537 100.00%
Total 438 164,085,537 100.00%
Prime Loans
Distribution of Balances
Current Scheduled Number Scheduled
Based on
Balances of Loans Balance
Balance
$0to $100,000 8 730,935 5.60%
$100,000to $200,000 21 3,146,816 24.09%
$200,000to $300,000 12 2,828,583 21.65%
$300,000to $400,000 7 2,465,192 18.87%
$400,000to $500,000 2 887,730 6.80%
$500,000to $600,000 1 547,299 4.19%
$600,000to $700,000 1 632,737 4.84%
$700,000to $800,000 0 0 0.00%
$800,000to $900,000 1 816,172 6.25%
$900,000to $1,000,000 0 0 0.00%
$1,000,000to $1,100,000 1 1,008,144 7.72%
$1,100,000to $1,200,000 0 0 0.00%
$1,200,000to $1,300,000 0 0 0.00%
$1,300,000to $1,400,000 0 0 0.00%
$1,400,000to $1,500,000 0 0 0.00%
$1,500,000to $1,600,000 0 0 0.00%
$1,600,000to $1,700,000 0 0 0.00%
$1,700,000to $1,800,000 0 0 0.00%
$1,800,000to $1,900,000 0 0 0.00%
$1,900,000& Above 0 0 0.00%
Total 54 13,063,609 100.00%
Average Scheduled Balance is 237,520
Maximum Scheduled Balance is 1,008,144
Minimum Scheduled Balance is 71,702
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Retail 19 4,675,805 35.79%
Multifamily 12 2,489,201 19.05%
Warehouse 3 2,053,122 15.72%
Mixed Use 10 1,852,455 14.18%
Industrial 6 1,133,901 8.68%
Office 4 859,124 6.58%
Total 54 13,063,609 100.00%
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 7.500% 0 0 0.00%
7.500%to 8.000% 1 469,631 3.59%
8.000%to 8.500% 1 231,147 1.77%
8.500%to 9.000% 7 1,136,175 8.70%
9.000%to 9.500% 0 0 0.00%
9.500%to 10.000% 0 0 0.00%
10.000%to 10.500% 5 1,032,890 7.91%
10.500%to 11.000% 21 4,931,203 37.75%
11.000%to 11.500% 2 383,255 2.93%
11.500%to 12.000% 12 4,019,226 30.77%
12.000%to 12.500% 5 860,082 6.58%
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 54 13,063,609 100.00%
Weighted Average Mortgage Interest Rate is 10.9934%
Minimum Mortgage Interest Rate is 7.9500%
Maximum Mortgage Interest Rate is 12.5000%
Geographic Distribution
Geographic Number Scheduled Based on
Location of Loans Balance Balance
California 42 10,712,678 82.00%
Arizona 5 1,023,492 7.83%
Oregon 4 681,620 5.22%
Nevada 1 274,173 2.10%
Washington 1 222,528 1.70%
Texas 1 149,117 1.14%
Total 54 13,063,609 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 38 8,283,889 63.41%
1+ to 2 years 8 1,748,662 13.39%
2+ to 3 years 8 3,031,057 23.20%
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 13,063,609 100.00%
Weighted Average Seasoning is 1.1
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 54 13,063,609 100.00%
Total 54 13,063,609 100.00%
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 1 816,172 6.25%
241 to 360 months 53 12,247,437 93.75%
Total 54 13,063,609 100.00%
Weighted Average Months to Maturity is 338
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
0.500orless 0 0 0.00%
0.500to 0.625 0 0 0.00%
0.625to 0.750 0 0 0.00%
0.750to 0.875 0 0 0.00%
0.875to 1.000 0 0 0.00%
1.000& 1.125 0 0 0.00%
1.125& 1.250 4 1,531,297 11.72%
1.250& 1.375 7 1,515,809 11.60%
1.375& 1.500 9 2,022,569 15.48%
1.500& 1.625 9 2,172,929 16.63%
1.625& 1.750 5 1,148,375 8.79%
1.750& 1.875 7 1,604,693 12.28%
1.875& 2.000 4 1,123,863 8.60%
2.000& 2.125 1 231,147 1.77%
2.125&Above 8 1,712,928 13.11%
Unknown 0 0 0.00%
Total 54 13,063,609 100.00%
Weighted Average Debt Service Coverage Ratio is 1.773
NOI Aging
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 37 8,109,866 62.08%
1 to 2 years 11 3,165,871 24.23%
2 Years or More 4 1,514,544 11.59%
Unknown 2 273,329 2.09%
Total 54 13,063,609 100.00%
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% 5 1,893,922 14.50%
14.01%t 14.50% 10 2,774,272 21.24%
14.51%t 15.00% 28 5,834,114 44.66%
15.01%t 15.50% 2 359,193 2.75%
15.51%t 16.00% 6 1,729,041 13.24%
16.01%t 16.50% 0 0 0.00%
16.51%t 17.00% 2 373,478 2.86%
17.01%t 17.50% 1 99,589 0.76%
17.51%t 18.00% 0 0 0.00%
18.01%&Above 0 0 0.00%
Total 54 13,063,609 100.00%
Weighted Average for Mtge with a Maximum Rate is 14.94%
Distribution of Payment Adjustment
Interest AdjustmentNumber Scheduled Based on
Frequency Loans Balance Balance
Six Month 54 13,063,609 100.00%
Total 54 13,063,609 100.00%
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 1,152,251 8.82%
3.010%to 3.250% 10 2,728,085 20.88%
3.260%to 3.500% 6 787,954 6.03%
3.510%to 3.750% 18 5,866,810 44.91%
3.760%to 4.000% 14 2,428,921 18.59%
4.010%to 4.250% 0 0 0.00%
4.260%to 4.500% 1 99,589 0.76%
4.510%&Above 0 0 0.00%
Total 54 13,063,609 100.00%
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 1,737,317 13.30%
8.010%t 8.250% 2 552,105 4.23%
8.260%t 8.500% 10 2,712,212 20.76%
8.510%t 8.750% 16 3,654,900 27.98%
8.760%t 9.000% 16 3,410,597 26.11%
9.010%t 9.500% 5 896,891 6.87%
9.510%t 10.000% 0 0 0.00%
10.010%&Above 1 99,589 0.76%
Total 54 13,063,609 100.00%
Weighted Average for Mtge with a Minimum Rate is 8.69%
Distribution of Interest Adjustment
Interest AdjustmentNumber Scheduled Based on
Frequency Loans Balance Balance
Six Month 54 13,063,609 100.00%
Total 54 13,063,609 100.00%
DistributiDelinq 1 Month Delinq 2 Months Delinq 3+ Month
Date # Balance # Balance # Balance
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%
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
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%
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
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%
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%
