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) August 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 August 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
August 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 25, 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: 8/25/97
Payment Date: 8/25/97
Prior Payment: 7/25/97
Record Date: 7/31/97
WAC: 9.072965%
WAMM: 339
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 80,235,862.93
617059CN8 1000.000000000 987.761454266
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 N202,081,315.93
617059CT5 1000.000000000 995.104592626
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
203,075,453.00 202,081,315.93
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 2,098,893.95 0.00
617059CN8 25.838901268 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
2,098,893.95 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
A-1 0.00 78,136,968.98
617059CN8 0.000000000 961.922552998
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 0.00 199,982,421.98
617059CT5 0.000000000 984.769055175
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
0.00 199,982,421.98
Total P&I Payment 3,563,219.85
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
A-1 406,844.06 0.00 5.88844000%
617059CN8 5.008544380 0.000000000 5.86500000%
A-2 313,632.62 0.00 5.97844000%
617059CP3 5.148101179 0.000000000 5.95500000%
B 53,317.81 0.00 6.09844000%
617059CQ1 5.251434059 0.000000000 6.07500000%
C 66,081.83 0.00 6.29844000%
617059CR9 5.423656435 0.000000000 6.27500000%
D 57,951.53 0.00 6.62844000%
617059CS7 5.707823303 0.000000000 6.60500000%
X 467,508.47 0.00 2.77616048%
617059CT5 2.302141707 0.000000000 3.06355498%
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
1,464,325.90 0.00
REMIC II
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Interest I 81,230,000.00 80,235,862.93
None 1,000.000000000 987.761454266
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
203,075,453.00 202,081,315.93
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 2,098,893.95 0.00
None 25.838901268 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
2,098,893.95 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
Interest I 0.00 78,136,968.98
None 0.000000000 961.922552998
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
0.00 199,982,421.98
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
Interest I 581,406.80 0.00 8.69546533%
None 7.157537855 0.000000000 8.96034620%
Interest II 441,454.28 0.00 8.69546533%
None 7.246221070 0.000000000 8.96034620%
Interest III 73,570.89 0.00 8.69546533%
None 7.246221806 0.000000000 8.96034620%
Interest IV 88,287.96 0.00 8.69546533%
None 7.246221274 0.000000000 8.96034620%
Interest V 73,570.88 0.00 8.69546533%
None 7.246220821 0.000000000 8.96034620%
Interest VI 73,570.88 0.00 8.69546533%
None 7.246220821 0.000000000 8.96034620%
Interest VII 44,143.98 0.00 8.69546533%
None 7.246221274 0.000000000 8.96034620%
Interest VIII 14,709.83 0.00 8.69546533%
None 7.246221675 0.000000000 8.96034620%
Interest IX 22,071.99 0.00 8.69546533%
None 7.246221274 0.000000000 8.96034620%
Interest X 51,538.41 0.00 8.69546533%
None 7.246221522 0.000000000 8.96034620%
R-II 0.00 0.00
617059DA5 0.000000000 0.000000000
1,464,325.90 0.00
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 203,075,453.00 202,081,315.93
None 1,000.000000000 995.104592626
R-I 0.00 0.00
617059CZ1 1,000.000000000 0.000000000
203,075,453.00 202,081,315.93
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 2,098,893.95 0.00
None 10.335537452 0.000000000
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
2,098,893.95 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 0.00 199,982,421.98
None 0.000000000 984.769055175
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
0.00 199,982,421.98
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
Regular Interest 1,464,325.90 0.00 8.69546533%
None 7.210747918 0.000000000 8.96034620%
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
1,464,325.90 0.00
Other Related Information
Number of Outstanding Mortgage Loans 536
Stated Principal Balance 199,982,421.89
Total Unscheduled Principal 1,970,678.64
Collateral Value Adjustments 0.00
Prepayment Interest Shortfall 3,712.08
Less Prepayment Interest Excess 14.92
Net Prepayment Interest Shortfall 3,697.16
Prepayment Premium 0.00
Less Net Prepayment Interest Shortfall 3,697.16
Net Prepayment Premium 0.00
Current Period Gross Master Servicing 60,624.39
Repurchased Mortgage Loans
Loan Number NA
Repurchase Proceeds NA
Special Servicing Fees NA
Advances
Prior 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
Totals: 40,403.93 447,463.80
Current Month
Principal Interest
Made by Servicer: 18,014.10 195,216.53
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
18,014.10 195,216.53
Recovered
Principal Interest
Made by Servicer: 39,427.66 431,968.03
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
39,427.66 431,968.03
Advances 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
18,990.37 210,712.30
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 Value Adj.
Control Value Interest Intereest
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
$0to $100,000 38 3,202,667 1.60%
$100,000to $200,000 181 27,313,618 13.66%
$200,000to $300,000 109 26,627,505 13.31%
$300,000to $400,000 60 20,788,088 10.39%
$400,000to $500,000 38 17,293,015 8.65%
$500,000to $600,000 19 10,513,064 5.26%
$600,000to $700,000 18 11,557,853 5.78%
$700,000to $800,000 13 9,948,002 4.97%
$800,000to $900,000 14 11,669,349 5.84%
$900,000to $1,000,000 9 8,538,460 4.27%
$1,000,000to $1,100,000 10 10,504,510 5.25%
$1,100,000to $1,200,000 4 4,694,957 2.35%
$1,200,000to $1,300,000 4 4,977,035 2.49%
$1,300,000to $1,400,000 5 6,725,596 3.36%
$1,400,000to $1,500,000 3 4,354,257 2.18%
$1,500,000to $1,600,000 2 3,137,982 1.57%
$1,600,000to $1,700,000 2 3,335,213 1.67%
$1,700,000to $1,800,000 1 1,789,624 0.89%
$1,800,000to $1,900,000 1 1,861,768 0.93%
$1,900,000&Above 5 11,149,857 5.58%
Total 536 199,982,422 100.00%
Average Scheduled Balance is 371,025
Maximum Scheduled Balance is 3,074,955
Minimum Scheduled Balance is 36,413
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Multifamily 426 140,909,766 70.46%
Retail 43 21,528,723 10.77%
Mixed Use 24 14,059,190 7.03%
Office 19 11,712,187 5.86%
Mobile Home 8 5,508,492 2.75%
Industrial 13 4,212,516 2.11%
Warehouse 3 2,051,549 1.03%
Total 536 199,982,422 100.00%
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% 66 23,722,991 11.86%
7.500%to 8.000% 42 18,886,614 9.44%
8.000%to 8.500% 15 8,916,536 4.46%
8.500%to 9.000% 138 56,366,975 28.19%
9.000%to 9.500% 98 37,697,298 18.85%
9.500%to 10.000% 86 24,750,200 12.38%
10.000%to 10.500% 38 13,780,697 6.89%
10.500%to 11.000% 31 9,864,312 4.93%
11.000%to 11.500% 3 697,476 0.35%
11.500%to 12.000% 14 4,440,537 2.22%
12.000%to 12.500% 4 759,223 0.38%
12.500%to 13.000% 1 99,563 0.05%
13.000%to 13.500% 0 0 0.00%
13.500%&Above 0 0 0.00%
Total 536 199,982,422 100.00%
W/Avg Mortgage Interest Rate is 9.0730%
Minimum Mortgage Interest Rate is 7.2500%
Maximum Mortgage Interest Rate is 13.0000%
Geographic Distribution
Geographic Number Scheduled Based on
Location of Loans Balance Balance
California 296 98,545,544 49.28%
Washington 46 29,106,826 14.55%
Arizona 59 25,180,786 12.59%
Colorado 61 19,816,279 9.91%
Oregon 48 16,858,778 8.43%
Texas 17 5,689,235 2.84%
Illinois 1 1,693,618 0.85%
Nevada 4 1,339,886 0.67%
New Jersey 1 833,478 0.42%
Idaho 1 458,238 0.23%
Utah 1 310,657 0.16%
New Mexico 1 149,098 0.07%
Total 536 199,982,422 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 491 185,974,060 93.00%
1+ to 2 years 32 8,833,524 4.42%
2+ to 3 years 13 5,174,838 2.59%
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 536 199,982,422 100.00%
Weighted Average Seasoning is 0.7
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 526 193,565,148 96.79%
Interest Only / Balloon 10 6,417,274 3.21%
Total 536 199,982,422 100.00%
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 2,195,281 1.10%
181 to 240 months 7 2,188,073 1.09%
241 to 360 months 515 189,181,794 94.60%
Total 526 193,565,148 96.79%
Weighted Average Months to Maturity is 346
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 4,767,736 2.38%
121 to 180 months 2 1,475,171 0.74%
181 to 240 months 1 174,368 0.09%
Total 10 6,417,274 3.21%
Weighted Average Months to Maturity is 116
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 0 0 0.00%
0.6251to 0.75 2 774,520 0.39%
0.7501to 0.875 2 540,434 0.27%
0.8751to 1 1 387,007 0.19%
1.0001to 1.125 6 3,215,576 1.61%
1.1251to 1.25 49 18,483,787 9.24%
1.2501to 1.375 91 29,481,099 14.74%
1.3751to 1.5 88 39,821,269 19.91%
1.5001to 1.625 79 27,819,153 13.91%
1.6251to 1.75 61 25,208,381 12.61%
1.7501to 1.875 52 15,710,128 7.86%
1.8751to 2 31 12,788,035 6.39%
2.0001to 2.125 17 8,431,030 4.22%
2.1251&above 56 17,090,959 8.55%
Unknown 1 231,044 0.12%
Total 536 199,982,422 100.00%
Weighted Average Debt Service Coverage Ratio is 1.619
(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 329 118,503,318 59.26%
1 to 2 years 189 74,176,105 37.09%
2 Years or More 17 6,994,141 3.50%
Unknown 1 308,858 0.15%
Total 536 199,982,422 100.00%
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 1,512,564 0.76%
13.01%to 13.50% 214 90,996,173 45.50%
13.51%to 14.00% 207 70,762,163 35.38%
14.01%to 14.50% 58 21,446,267 10.72%
14.51%to 15.00% 41 12,235,035 6.12%
15.01%to 15.50% 3 438,767 0.22%
15.51%to 16.00% 8 2,118,541 1.06%
16.01%to 16.50% 0 0 0.00%
16.51%to 17.00% 2 373,350 0.19%
17.01%to 17.50% 1 99,563 0.05%
17.51%to 18.00% 0 0 0.00%
18.01%&above 0 0 0.00%
Total 536 199,982,422 100.00%
Weighted Average for Mtge with a Maximum Rate is 13.79%
Distribution of Payment Adjustment
Interest AdjustmentNumber Scheduled Based on
Frequency Loans Balance Balance
Six Month 536 199,982,422 100.00%
Total 536 199,982,422 100.00%
Distribution of Indices of Mortgage Loans
Number Scheduled Based on
Indices of Loans Balance Balance
6 Month LIBOR 436 163,131,689 81.57%
1 Year CMT 46 23,796,342 11.90%
WSJ Prime Rate 54 13,054,391 6.53%
Total 536 199,982,422 100.00%
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 13,341,826 6.67%
3.010%to 3.250% 25 9,063,307 4.53%
3.260%to 3.500% 33 15,163,099 7.58%
3.510%to 3.750% 149 53,530,805 26.77%
3.760%to 4.000% 125 40,519,234 20.26%
4.010%to 4.250% 65 24,294,322 12.15%
4.260%to 4.500% 43 16,534,896 8.27%
4.510%&Above 70 27,534,933 13.77%
Total 536 199,982,422 100.00%
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 1,512,564 0.76%
7.010%to 7.250% 29 17,626,803 8.81%
7.260%to 7.500% 208 78,919,189 39.46%
7.510%to 7.750% 176 60,110,724 30.06%
7.760%to 8.000% 24 6,967,997 3.48%
8.010%to 8.250% 6 2,367,874 1.18%
8.260%to 8.500% 33 14,022,680 7.01%
8.510%to 8.750% 23 6,731,245 3.37%
8.760%to 9.000% 21 7,099,933 3.55%
9.010%to 9.500% 9 3,102,729 1.55%
9.510%to 10.000% 3 823,019 0.41%
10.010%&Above 2 697,666 0.35%
Total 536 199,982,422 100.00%
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 536 199,982,422 100.00%
Total 536 199,982,422 100.00%
(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
$0to $100,000 0 0 0.00%
$100,000to $200,000 5 837,515 3.52%
$200,000to $300,000 10 2,537,548 10.66%
$300,000to $400,000 12 4,029,709 16.93%
$400,000to $500,000 4 1,882,808 7.91%
$500,000to $600,000 4 2,251,131 9.46%
$600,000to $700,000 0 0 0.00%
$700,000to $800,000 2 1,478,790 6.21%
$800,000to $900,000 2 1,690,327 7.10%
$900,000to $1,000,000 2 1,914,164 8.04%
$1,000,000to $1,100,000 1 1,085,192 4.56%
$1,100,000to $1,200,000 0 0 0.00%
$1,200,000to $1,300,000 1 1,241,793 5.22%
$1,300,000to $1,400,000 1 1,368,629 5.75%
$1,400,000to $1,500,000 1 1,437,792 6.04%
$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 2,040,945 8.58%
Total 46 23,796,342 100.00%
Average Scheduled Balance is 506,305
Maximum Scheduled Balance is 2,040,945
Minimum Scheduled Balance is 117,969
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Multifamily 46 23,796,342 100.00%
Total 46 23,796,342 100.00%
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% 10 3,878,108 16.30%
7.500%to 8.000% 2 1,306,170 5.49%
8.000%to 8.500% 4 2,886,598 12.13%
8.500%to 9.000% 28 13,385,040 56.25%
9.000%to 9.500% 2 2,340,426 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 23,796,342 100.00%
Weighted Average Mortgage Interest Rate is 8.5201%
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 16,772,417 70.48%
Oregon 11 4,494,177 18.89%
California 4 1,339,786 5.63%
Colorado 2 711,766 2.99%
Arizona 1 478,196 2.01%
Total 46 23,796,342 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 43 22,015,040 92.51%
1+ to 2 years 3 1,781,302 7.49%
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 23,796,342 100.00%
Weighted Average Seasoning is 0.7
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 46 23,796,342 100.00%
Total 46 23,796,342 100.00%
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 23,796,342 100.00%
Total 46 23,796,342 100.00%
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 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%
1.000to 1.125 0 0 0.00%
1.125to 1.250 16 8,582,611 36.07%
1.250to 1.375 11 4,615,339 19.40%
1.375to 1.500 9 6,765,962 28.43%
1.500to 1.625 3 739,122 3.11%
1.625to 1.750 4 2,312,029 9.72%
1.750to 1.875 0 0 0.00%
1.875to 2.000 0 0 0.00%
2.000to 2.125 1 214,027 0.90%
2.125&above 2 567,251 2.38%
Unknown 0 0 0.00%
Total 46 23,796,342 100.00%
Weighted Average Debt Service Coverage Ratio is 1.381
(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 27 12,609,715 52.99%
1 to 2 years 19 11,186,628 47.01%
2 Years or More 0 0 0.00%
Unknown 0 0 0.00%
Total 46 23,796,342 100.00%
Distribution of Maximum Rates
Number Scheduled Based on
Maximum Rates of Loans Balance Balance
No Maximum 0 0 0.00%
12.50%or less 0 0 0.00%
12.51%to 13.00% 0 0 0.00%
13.01%to 13.50% 45 23,636,130 99.33%
13.51%to 14.00% 1 160,213 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 23,796,342 100.00%
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 46 23,796,342 100.00%
Total 46 23,796,342 100.00%
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 12,190,065 6.10%
3.010%to 3.250% 14 6,022,492 3.01%
3.260%to 3.500% 8 4,617,483 2.31%
3.510%to 3.750% 3 966,303 0.48%
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 23,796,342 11.90%
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 15,488,163 65.09%
7.260%to 7.500% 20 8,147,967 34.24%
7.510%to 7.750% 1 160,213 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 23,796,342 100.00%
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 46 23,796,342 100.00%
Total 46 23,796,342 100.00%
Six-Month Libor Loans
Distribution of Balances
Current Schedule Number Scheduled Based on
Balances of Loans Balance Balance
$0to $100,000 30 2,472,002 1.52%
$100,000to $200,000 155 23,333,476 14.30%
$200,000to $300,000 86 20,962,624 12.85%
$300,000to $400,000 42 14,594,420 8.95%
$400,000to $500,000 32 14,522,970 8.90%
$500,000to $600,000 14 7,714,852 4.73%
$600,000to $700,000 17 10,925,241 6.70%
$700,000to $800,000 11 8,469,213 5.19%
$800,000to $900,000 11 9,163,896 5.62%
$900,000to $1,000,000 7 6,624,296 4.06%
$1,000,000to $1,100,000 8 8,411,567 5.16%
$1,100,000to $1,200,000 4 4,694,957 2.88%
$1,200,000to $1,300,000 3 3,735,242 2.29%
$1,300,000to $1,400,000 4 5,356,967 3.28%
$1,400,000to $1,500,000 2 2,916,466 1.79%
$1,500,000to $1,600,000 2 3,137,982 1.92%
$1,600,000to $1,700,000 2 3,335,213 2.04%
$1,700,000to $1,800,000 1 1,789,624 1.10%
$1,800,000to $1,900,000 1 1,861,768 1.14%
$1,900,000&Above 4 9,108,912 5.58%
Total 436 163,131,689 100.00%
Average Scheduled Balance is 372,447
Maximum Scheduled Balance is 3,074,955
Minimum Scheduled Balance is 36,413
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Multifamily 368 114,625,361 70.27%
Retail 24 16,856,442 10.33%
Mixed Use 14 12,207,428 7.48%
Office 15 10,853,782 6.65%
Mobile Home 8 5,508,492 3.38%
Industrial 7 3,080,184 1.89%
Total 436 163,131,689 100.00%
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% 56 19,844,883 12.16%
7.500%to 8.000% 39 17,111,143 10.49%
8.000%to 8.500% 11 6,029,938 3.70%
8.500%to 9.000% 106 42,207,952 25.87%
9.000%to 9.500% 96 35,356,872 21.67%
9.500%to 10.000% 86 24,750,200 15.17%
10.000%to 10.500% 32 12,517,250 7.67%
10.500%to 11.000% 9 4,999,094 3.06%
11.000%to 11.500% 1 314,357 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 436 163,131,689 100.00%
Weighted Average Mortgage Interest Rate 8.9968%
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 250 86,500,127 53.02%
Arizona 53 23,679,704 14.52%
Colorado 59 19,104,513 11.71%
Washington 17 12,111,963 7.42%
Oregon 33 11,684,299 7.16%
Texas 16 5,540,184 3.40%
Illinois 1 1,693,618 1.04%
Nevada 3 1,065,810 0.65%
New Jersey 1 833,478 0.51%
Idaho 1 458,238 0.28%
Utah 1 310,657 0.19%
New Mexico 1 149,098 0.09%
Total 436 163,131,689 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 411 155,856,099 95.54%
1+ to 2 years 22 5,492,298 3.37%
2+ to 3 years 3 1,783,291 1.09%
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 436 163,131,689 100.00%
Weighted Average Seasoning is 0.7
Distribution of Amortization Type
Number Scheduled Based
on
Amortization Type of Loans Balance
Balance
Fully Amortizing 426 156,714,415
96.07%
Interest Only / Balloon 10 6,417,274
3.93%
Total 436 163,131,689
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 2,195,281 1.35%
181 to 240 months 6 1,372,947 0.84%
241 to 360 months 416 153,146,187 93.88%
Total 426 156,714,415 96.07%
Weighted Average Months to Maturity is 346
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 4,767,736 2.92%
121 to 180 months 2 1,475,171 0.90%
181 to 240 months 1 174,368 0.11%
Total 10 6,417,274 3.93%
Weighted Average Months to Maturity is 116
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 2 774,520 0.47%
0.750to 0.875 2 540,434 0.33%
0.875to 1.000 1 387,007 0.24%
1.000& 1.125 6 3,215,576 1.97%
1.125& 1.250 29 8,370,464 5.13%
1.250& 1.375 71 23,165,242 14.20%
1.375& 1.500 70 31,034,588 19.02%
1.500& 1.625 68 24,920,856 15.28%
1.625& 1.750 51 21,574,362 13.23%
1.750& 1.875 47 14,454,856 8.86%
1.875& 2.000 27 11,664,602 7.15%
2.000& 2.125 16 8,217,002 5.04%
2.125&above 46 14,812,180 9.08%
Unknown 0 0 0.00%
Total 436 163,131,689 100.00%
Weighted Average Debt Service Coverage Ratio is 1.643
(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 279 101,630,783 62.30%
1 to 2 years 150 57,850,592 35.46%
2 Years or More 6 3,341,456 2.05%
Unknown 1 308,858 0.19%
Total 436 163,131,689 100.00%
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 1,512,564 0.93%
13.01%t 13.50% 169 67,360,043 41.29%
13.51%t 14.00% 201 68,708,923 42.12%
14.01%t 14.50% 48 18,672,995 11.45%
14.51%t 15.00% 13 6,406,337 3.93%
15.01%t 15.50% 1 80,703 0.05%
15.51%t 16.00% 2 390,123 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 436 163,131,689 100.00%
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 436 163,131,689 100.00%
Total 436 163,131,689 100.00%
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%to 2.50% 0 0 0.00%
2.51%to 3.00% 0 0 0.00%
3.01%to 3.25% 1 316,775 0.19%
3.26%to 3.50% 19 9,758,016 5.98%
3.51%to 3.75% 128 46,700,063 28.63%
3.76%to 4.00% 111 38,092,247 23.35%
4.01%to 4.25% 65 24,294,322 14.89%
4.26%to 4.50% 42 16,435,334 10.07%
4.51%&Above 70 27,534,933 16.88%
Total 436 163,131,689 100.00%
Weighted Average for Mtge with a Margi 4.15%
(1) For adjustable mortgage loans where a minimum rate does
not exist the gross margin
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 1,512,564 0.93%
7.010%to 7.250% 4 2,138,640 1.31%
7.260%to 7.500% 188 70,771,222 43.38%
7.510%to 7.750% 175 59,950,512 36.75%
7.760%to 8.000% 20 5,231,519 3.21%
8.010%to 8.250% 4 1,816,015 1.11%
8.260%to 8.500% 23 11,311,457 6.93%
8.510%to 8.750% 7 3,080,633 1.89%
8.760%to 9.000% 5 3,690,851 2.26%
9.010%to 9.500% 4 2,207,155 1.35%
9.510%to 10.000% 3 823,019 0.50%
10.010%&Above 1 598,103 0.37%
Total 436 163,131,689 100.00%
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 436 163,131,689 100.00%
Total 436 163,131,689 100.00%
Prime Loans
Distribution of Balances
Current Scheduled Number Scheduled Based on
Balances of Loans Balance Balance
$0to $100,000 8 730,664 5.60%
$100,000to $200,000 21 3,142,626 24.07%
$200,000to $300,000 13 3,127,334 23.96%
$300,000to $400,000 6 2,163,959 16.58%
$400,000to $500,000 2 887,236 6.80%
$500,000to $600,000 1 547,082 4.19%
$600,000to $700,000 1 632,612 4.85%
$700,000to $800,000 0 0 0.00%
$800,000to $900,000 1 815,126 6.24%
$900,000to $1,000,000 0 0 0.00%
$1,000,000to $1,100,000 1 1,007,751 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 13,054,391 100.00%
Average Scheduled Balance is 241,748
Maximum Scheduled Balance is 1,007,751
Minimum Scheduled Balance is 71,674
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Retail 19 4,672,281 35.79%
Multifamily 12 2,488,062 19.06%
Warehouse 3 2,051,549 15.72%
Mixed Use 10 1,851,761 14.18%
Industrial 6 1,132,332 8.67%
Office 4 858,406 6.58%
Total 54 13,054,391 100.00%
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% 1 469,301 3.59%
8.000%to 8.500% 0 0 0.00%
8.500%to 9.000% 4 773,983 5.93%
9.000%to 9.500% 0 0 0.00%
9.500%to 10.000% 0 0 0.00%
10.000%to 10.500% 6 1,263,447 9.68%
10.500%to 11.000% 22 4,865,218 37.27%
11.000%to 11.500% 2 383,119 2.93%
11.500%to 12.000% 14 4,440,537 34.02%
12.000%to 12.500% 4 759,223 5.82%
12.500%to 13.000% 1 99,563 0.76%
13.000%to 13.500% 0 0 0.00%
13.500%&Above 0 0 0.00%
Total 54 13,054,391 100.00%
Weighted Average Mortgage Interest Rate 11.0846%
Minimum Mortgage Interest Rate is 7.9500%
Maximum Mortgage Interest Rate is 13.0000%
Geographic Distribution
Geographic Number Scheduled Based on
Location of Loans Balance Balance
California 42 10,705,630 82.01%
Arizona 5 1,022,885 7.84%
Oregon 4 680,302 5.21%
Nevada 1 274,077 2.10%
Washington 1 222,446 1.70%
Texas 1 149,051 1.14%
Total 54 13,054,391 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 37 8,102,920 62.07%
1+ to 2 years 7 1,559,924 11.95%
2+ to 3 years 10 3,391,547 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 13,054,391 100.00%
Weighted Average Seasoning is 1.2
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 54 13,054,391 100.00%
Total 54 13,054,391 100.00%
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 1 815,126 6.24%
241 to 360 months 53 12,239,265 93.76%
Total 54 13,054,391 100.00%
Weighted Average Months to Maturity is 337
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 0 0 0.00%
1.125& 1.250 4 1,530,711 11.73%
1.250& 1.375 9 1,700,518 13.03%
1.375& 1.500 9 2,020,719 15.48%
1.500& 1.625 8 2,159,175 16.54%
1.625& 1.750 6 1,321,990 10.13%
1.750& 1.875 5 1,255,272 9.62%
1.875& 2.000 4 1,123,433 8.61%
2.000& 2.125 0 0 0.00%
2.125&Above 8 1,711,529 13.11%
Unknown 1 231,044 1.77%
Total 54 13,054,391 100.00%
Weighted Average Debt Service Coverage Ratio is 1.750
NOI Aging
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 23 4,262,820 32.65%
1 to 2 years 20 5,138,885 39.37%
2 Years or More 11 3,652,685 27.98%
Unknown 0 0 0.00%
Total 54 13,054,391 100.00%
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 1,893,027 14.50%
14.01%t 14.50% 10 2,773,272 21.24%
14.51%t 15.00% 28 5,828,698 44.65%
15.01%t 15.50% 2 358,064 2.74%
15.51%t 16.00% 6 1,728,418 13.24%
16.01%t 16.50% 0 0 0.00%
16.51%t 17.00% 2 373,350 2.86%
17.01%t 17.50% 1 99,563 0.76%
17.51%t 18.00% 0 0 0.00%
18.01%&Above 0 0 0.00%
Total 54 13,054,391 100.00%
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 13,054,391 100.00%
Total 54 13,054,391 100.00%
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 1,151,761 8.82%
3.010%to 3.250% 10 2,724,040 20.87%
3.260%to 3.500% 6 787,600 6.03%
3.510%to 3.750% 18 5,864,440 44.92%
3.760%to 4.000% 14 2,426,987 18.59%
4.010%to 4.250% 0 0 0.00%
4.260%to 4.500% 1 99,563 0.76%
4.510%&Above 0 0 0.00%
Total 54 13,054,391 100.00%
Weighted Average for Mtge with a Margi 3.51%
(1) For adjustable mortgage loans where a minimum rate does
not exist the gross margin
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 1,736,478 13.30%
8.010%to 8.250% 2 551,859 4.23%
8.260%to 8.500% 10 2,711,223 20.77%
8.510%to 8.750% 16 3,650,612 27.96%
8.760%to 9.000% 16 3,409,082 26.11%
9.010%to 9.500% 5 895,574 6.86%
9.510%to 10.000% 0 0 0.00%
10.010%&Above 1 99,563 0.76%
Total 54 13,054,391 100.00%
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 13,054,391 100.00%
Total 54 13,054,391 100.00%
DistributiDelinq 1 Month Delinq 2 Months Delinq 3+ Month
Date # Balance # Balance # Balance
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%
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
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%
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
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%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
