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Previous: NORWEST ASSET SECURITIES CORP, 8-K, 1998-01-05 |
Next: SOUTH STREET FINANCIAL CORP, DEF 14A, 1998-01-05 |
SECURITIES 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) December 26, 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 s
upplied 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
I. Not applicable.
II. Not applicable.
III. 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
December 26, 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 30, 1997
ABN AMRO
LaSalle National Bank
Administrator:
Brian Ames (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
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: 12/26/97
Payment Date: 12/26/97
Prior Payment: 11/25/97
Record Date: 11/28/97
WAC: 9.582096%
WAMM: 335
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 73,640,809.94
617059CN8 1000.000000000 906.571586114
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 N195,486,262.94
617059CT5 1000.000000000 962.628717810
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
203,075,453.00 195,486,262.94
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Principal Principal
Class Payment Adj. or Loss
CUSIP Per $1,000 Per $1,000
A-1 1,287,000.47 0.00
617059CN8 15.843905823 0.000000000
A-2 0.00 0.00
617059CP3 0.000000000 0.000000000
B 0.00 0.00
617059CQ1 0.000000000 0.000000000
C 0.00 0.00
617059CR9 0.000000000 0.000000000
D 0.00 0.00
617059CS7 0.000000000 0.000000000
X 0.00 0.00
617059CT5 0.000000000 0.000000000
E 0.00 0.00
617059CU2 0.000000000 0.000000000
F 0.00 0.00
617059CV0 0.000000000 0.000000000
G 0.00 0.00
617059CW8 0.000000000 0.000000000
H 0.00 0.00
617059CX6 0.000000000 0.000000000
NR 0.00 0.00
617059CY4 0.000000000 0.000000000
R-III 0.00 0.00
617059DB3 0.000000000 0.000000000
1,287,000.47 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
A-1 0.00 72,353,809.47
617059CN8 0.000000000 890.727680291
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 0.00 194,199,262.47
617059CT5 0.000000000 956.291169618
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
0.00 194,199,262.47
Total P&I Payment 2,786,072.61
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
A-1 375,880.08 0.00 5.92750000%
617059CN8 4.627355411 0.000000000 6.20875000%
A-2 315,681.73 0.00 6.01750000%
617059CP3 5.181736154 0.000000000 6.29875000%
B 53,659.31 0.00 6.13750000%
617059CQ1 5.285069438 0.000000000 6.41875000%
C 66,491.64 0.00 6.33750000%
617059CR9 5.457291530 0.000000000 6.61875000%
D 58,293.03 0.00 6.66750000%
617059CS7 5.741458682 0.000000000 6.94875000%
X 530,076.77 0.00 3.25389679%
617059CT5 2.610245415 0.000000000 2.95559819%
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 (404.55)
617059CX6 0.000000000 -0.132813526
NR 0.00 0.00
617059CY4 0.000000000 0.000000000
R-III 0.00 0.00
617059DB3 0.000000000 0.000000000
1,499,072.14 (404.55)
REMIC II
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Interest I 81,230,000.00 73,640,809.94
None 1,000.000000000 906.571586114
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
203,075,453.00 195,486,262.94
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Principal Principal
Class Payment Adj. or Loss
CUSIP Per $1,000 Per $1,000
Interest I 1,287,000.47 0.00
None 15.843905823 0.000000000
Interest II 0.00 0.00
None 0.000000000 0.000000000
Interest III 0.00 0.00
None 0.000000000 0.000000000
Interest IV 0.00 0.00
None 0.000000000 0.000000000
Interest V 0.00 0.00
None 0.000000000 0.000000000
Interest VI 0.00 0.00
None 0.000000000 0.000000000
Interest VII 0.00 0.00
None 0.000000000 0.000000000
Interest VIII 0.00 0.00
None 0.000000000 0.000000000
Interest IX 0.00 0.00
None 0.000000000 0.000000000
Interest X 0.00 0.00
None 0.000000000 0.000000000
R-II 0.00 0.00
617059DA5 0.000000000 0.000000000
1,287,000.47 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
Interest I 0.00 72,353,809.47
None 0.000000000 890.727680291
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
0.00 194,199,262.47
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
Interest I 564,861.57 0.00 9.20459578%
None 6.953854118 0.000000000 9.15071517%
Interest II 467,301.99 0.00 9.20459578%
None 7.670496537 0.000000000 9.15071517%
Interest III 77,878.55 0.00 9.20459578%
None 7.670496405 0.000000000 9.15071517%
Interest IV 93,457.33 0.00 9.20459578%
None 7.670496553 0.000000000 9.15071517%
Interest V 77,878.55 0.00 9.20459578%
None 7.670496405 0.000000000 9.15071517%
Interest VI 77,878.55 0.00 9.20459578%
None 7.670496405 0.000000000 9.15071517%
Interest VII 46,728.66 0.00 9.20459578%
None 7.670495732 0.000000000 9.15071517%
Interest VIII 15,571.11 0.00 9.20459578%
None 7.670497537 0.000000000 9.15071517%
Interest IX 23,364.33 0.00 9.20459578%
None 7.670495732 0.000000000 9.15071517%
Interest X 54,151.50 (404.55) 9.20459578%
None 7.613617974 (0.056879110) 9.15071517%
R-II 0.00 0.00
617059DA5 0.000000000 0.000000000
1,499,072.14 (404.55)
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 203,075,453.00 195,486,262.94
None 1,000.000000000 962.628717810
R-I 0.00 0.00
617059CZ1 1,000.000000000 0.000000000
203,075,453.00 195,486,262.94
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Principal Principal
Class Payment Adj. or Loss
CUSIP Per $1,000 Per $1,000
Regular Interest 1,287,000.47 0.00
None 6.337548192 0.000000000
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
1,287,000.47 0.00
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 0.00 194,199,262.47
None 0.000000000 956.291169618
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
0.00 194,199,262.47
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
Regular Interest 1,499,072.14 (404.55) 9.20459578%
None 7.381848066 (0.001992117) 9.15071517%
R-I 0.00 0.00
617059CZ1 0.000000000 0.000000000
1,499,072.14 (404.55)
Other Related Information
Number of Outstanding Mortgage Loans 526
Stated Principal Balance 194,199,262.38
Total Unscheduled Principal 1,172,520.30
Collateral Value Adjustments 0.00
Prepayment Interest Shortfall 4,301.82
Less Prepayment Interest Excess 135.15
Net Prepayment Interest Shortfall 4,166.67
Prepayment Premium 0.00
Less Net Prepayment Interest Shortfall 4,166.67
Net Prepayment Premium 0.00
Current Master Servicing Fees 48,360.93
Repurchased Mortgage Loans
Loan Number NA
Repurchase Proceeds NA
Special Servicing Fees NA
Advances
Prior 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
Totals: 39,708.42 497,633.36
Current Month
Principal Interest
Made by Servicer: 19,024.42 266,315.61
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
19,024.42 266,315.61
Recovered
Principal Interest
Made by Servicer: 38,697.31 477,167.32
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
38,697.31 477,167.32
Advances Outstanding
Principal Interest
Made by Servicer: 20,035.53 286,781.64
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
20,035.53 286,781.64
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
Balances of Loans Balance Balance
$0t $100,000 37 3,119,897
1.61%
$100,000t $200,000 178 26,779,591
13.79%
$200,000t $300,000 109 26,495,956
13.64%
$300,000t $400,000 59 20,341,565
10.47%
$400,000t $500,000 37 16,852,723
8.68%
$500,000t $600,000 19 10,490,876
5.40%
$600,000t $700,000 17 10,929,234
5.63%
$700,000t $800,000 12 9,209,096
4.74%
$800,000t $900,000 13 10,840,805
5.58%
$900,000t $1,000,000 9 8,519,245
4.39%
$1,000,000t $1,100,000 10 10,482,612
5.40%
$1,100,000t $1,200,000 4 4,684,294
2.41%
$1,200,000t $1,300,000 4 4,956,040
2.55%
$1,300,000t $1,400,000 5 6,711,617
3.46%
$1,400,000t $1,500,000 3 4,344,501
2.24%
$1,500,000t $1,600,000 2 3,132,214
1.61%
$1,600,000t $1,700,000 2 3,328,731
1.71%
$1,700,000t $1,800,000 0 0 0.00%
$1,800,000t $1,900,000 1 1,858,731
0.96%
$1,900,000&Above 5 11,121,535
5.73%
Total 526 194,199,262 100.00%
Average Scheduled Balance is 366,414
Maximum Scheduled Balance is 3,062,102
Minimum Scheduled Balance is 36,180
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Multifamily 421 138,911,617 71.53%
Retail 41 20,735,838 10.68%
Mixed Use 23 13,625,539 7.02%
Office 17 9,188,395 4.73%
Mobile Home 8 5,497,430 2.83%
Industrial 13 4,195,336 2.16%
Warehouse 3 2,045,108 1.05%
Total 526 194,199,262 100.00%
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% 5 1,087,310 0.56%
7.500%t 8.000% 4 1,279,477 0.66%
8.000%t 8.500% 13 7,606,449 3.92%
8.500%t 9.000% 159 61,380,211
31.61%
9.000%t 9.500% 78 31,092,679 16.01%
9.500%t 10.000% 123 43,231,087 22.26%
10.000%t 10.500% 78 27,533,372 14.18%
10.500%t 11.000% 25 10,976,450 5.65%
11.000%t 11.500% 8 1,941,352 1.00%
11.500%t 12.000% 20 5,713,892 2.94%
12.000%t 12.500% 12 2,257,529 1.16%
12.500%t 13.000% 1 99,456 0.05%
13.000%t 13.500% 0 0 0.00%
13.500%&Above 0 0 0.00%
Total 526 194,199,262 100.00%
W/Avg Mortgage Interest Rate is 9.5821%
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 291 95,492,981 49.17%
Washington 45 28,228,893 14.54%
Arizona 57 24,409,874 12.57%
Colorado 59 18,815,015 9.69%
Oregon 48 16,813,318 8.66%
Texas 17 5,667,992 2.92%
Illinois 1 1,690,973 0.87%
Nevada 4 1,331,645 0.69%
New Jersey 1 832,548 0.43%
Idaho 1 457,246 0.24%
Utah 1 309,973 0.16%
New Mexico 1 148,806 0.08%
Total 526 194,199,262 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 306 107,282,692 55.24%
1+ to 2 years 203 79,825,080 41.10%
2+ to 3 years 14 6,586,117 3.39%
3+ to 4 years 3 505,374 0.26%
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 526 194,199,262 100.00%
Weighted Average Seasoning is 1.1
Distribution of Amortization Type
Number Scheduled Based
on
Amortization Type of Loans Balance Balance
Fully Amortizing 516187,799,353
96.70%
Interest Only / Balloon 10 6,399,909
3.30%
Total 526194,199,262
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 2,172,724 1.12%
181 to 240 months 7 2,172,719 1.12%
241 to 360 months 505 183,453,910 94.47%
Total 516 187,799,353 96.70%
Weighted Average Months to Maturity is 342
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 4,757,631 2.45%
121 to 180 months 2 1,468,992 0.76%
181 to 240 months 1 173,287 0.09%
Total 10 6,399,909 3.30%
Weighted Average Months to Maturity is 112
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 2 772,819 0.40%
0.7501t 0.875 2 539,228 0.28%
0.8751t 1 3 1,004,160 0.52%
1.0001t 1.125 7 3,634,695 1.87%
1.1251t 1.25 52 21,475,319 11.06%
1.2501t 1.375 100 31,848,320 16.40%
1.3751t 1.5 93 40,553,833 20.88%
1.5001t 1.625 75 26,296,166 13.54%
1.6251t 1.75 54 22,163,035 11.41%
1.7501t 1.875 49 15,257,577 7.86%
1.8751t 2 25 11,081,459 5.71%
2.0001t 2.125 16 5,654,349 2.91%
2.1251&above 47 13,687,675 7.05%
Unknown 1 230,627 0.12%
Total 526 194,199,262 100.00%
Weighted Average Debt Service Coverage Ratio is 1.577
(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 82 28,258,942 14.55%
1 to 2 years 411 154,131,857 79.37%
2 Years or More 33 11,808,463 6.08%
Unknown 0 0 0.00%
Total 526 194,199,262 100.00%
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 1,508,972 0.78%
13.01%t 13.50% 212 90,188,591 46.44%
13.51%t 14.00% 201 66,867,348 34.43%
14.01%t 14.50% 57 20,799,720 10.71%
14.51%t 15.00% 41 12,203,804 6.28%
15.01%t 15.50% 3 438,256 0.23%
15.51%t 16.00% 7 1,720,289 0.89%
16.01%t 16.50% 0 0 0.00%
16.51%t 17.00% 2 372,827 0.19%
17.01%t 17.50% 1 99,456 0.05%
17.51%t 18.00% 0 0 0.00%
18.01%&above 0 0 0.00%
Total 526 194,199,262 100.00%
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 526 194,199,262 100.00%
Total 526 194,199,262 100.00%
Distribution of Indices of Mortgage Loans
Number Scheduled Based on
Indices of Loans Balance Balance
6 Month LIBOR 428 157,984,459 81.35%
1 Year CMT 46 23,735,886 12.22%
WSJ Prime Rate 52 12,478,918 6.43%
Total 526 194,199,262 100.00%
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 13,307,297 6.85%
3.010%t 3.250% 25 9,039,690 4.65%
3.260%t 3.500% 31 14,549,662 7.49%
3.510%t 3.750% 146 51,990,497 26.77%
3.760%t 4.000% 124 38,627,613 19.89%
4.010%t 4.250% 65 24,240,296 12.48%
4.260%t 4.500% 41 15,709,661 8.09%
4.510%&Above 68 26,734,546 13.77%
Total 526 194,199,262 100.00%
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%t 6.500% 0 0 0.00%
6.510%t 7.000% 2 1,508,972 0.78%
7.010%t 7.250% 29 17,579,168 9.05%
7.260%t 7.500% 206 78,145,582 40.24%
7.510%t 7.750% 171 56,389,573 29.04%
7.760%t 8.000% 24 6,953,213 3.58%
8.010%t 8.250% 6 2,364,112 1.22%
8.260%t 8.500% 33 13,995,205 7.21%
8.510%t 8.750% 23 6,716,291 3.46%
8.760%t 9.000% 19 6,530,481 3.36%
9.010%t 9.500% 9 3,096,543 1.59%
9.510%t 10.000% 3 820,665 0.42%
10.010%&Above 1 99,456 0.05%
Total 526 194,199,262 100.00%
Weighted Average for Mtge with a Minimum Rate is 7.77%
Distribution of Interest Adjustment
Payment Adjustment Number Scheduled Based
on
Frequency Loans Balance Balance
Six Month 526194,199,262
100.00%
Total 526194,199,262
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
835,388 3.52%
$200,000t $300,000 10
2,531,284 10.66%
$300,000t $400,000 12
4,019,521 16.93%
$400,000t $500,000 4
1,877,939 7.91%
$500,000t $600,000 4
2,245,379 9.46%
$600,000t $700,000 0
0 0.00%
$700,000t $800,000 2
1,474,847 6.21%
$800,000t $900,000 2
1,685,974 7.10%
$900,000t $1,000,000 2
1,909,374 8.04%
$1,000,000t $1,100,000 1
1,082,457 4.56%
$1,100,000t $1,200,000 0
0 0.00%
$1,200,000t $1,300,000 1
1,238,392 5.22%
$1,300,000t $1,400,000 1
1,365,485 5.75%
$1,400,000t $1,500,000 1
1,434,293 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
2,035,554 8.58%
Total 46
23,735,886 100.00%
Average Scheduled Balance is 515,998
Maximum Scheduled Balance is 2,035,554
Minimum Scheduled Balance is 117,646
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Multifamily 46 23,735,886 100.00%
Total 46 23,735,886 100.00%
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
486,903 2.05%
8.000%t 8.500% 9
5,671,783 23.90%
8.500%t 9.000% 34
15,242,265 64.22%
9.000%t 9.500% 2
2,334,935 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
23,735,886 100.00%
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 16,729,267 70.48%
Oregon 11 4,482,573 18.89%
California 4 1,336,635 5.63%
Colorado 2 710,030 2.99%
Arizona 1 477,380 2.01%
Total 46 23,735,886 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 28 12,870,406 54.22%
1+ to 2 years 18 10,865,480 45.78%
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 23,735,886 100.00%
Weighted Average Seasoning is 1.1
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 46 23,735,886 100.00%
Total 46 23,735,886 100.00%
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 23,735,886 100.00%
Total 46 23,735,886 100.00%
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 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
8,957,436 37.74%
1.250t 1.375 12
5,438,507 22.91%
1.375t 1.500 10
6,485,537 27.32%
1.500t 1.625 2
662,614 2.79%
1.625t 1.750 2
1,412,388 5.95%
1.750t 1.875 0
0 0.00%
1.875t 2.000 2
481,629 2.03%
2.000t 2.125 0
0 0.00%
2.125&above 1
297,774 1.25%
Unknown 0 0 0
0 0.00%
Total 0 0 46
23,735,886 100.00%
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 8 3,551,461 14.96%
1 to 2 years 35 18,407,717 77.55%
2 Years or More 3 1,776,708 7.49%
Unknown 0 0 0.00%
Total 46 23,735,886 100.00%
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
23,576,057 99.33%
13.51%t 14.00% 1
159,829 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 0 0 46
23,735,886 100.00%
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 23,735,886 100.00%
Total 46 23,735,886 100.00%
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
12,157,499 6.26%
3.010%t 3.250% 14
6,008,228 3.09%
3.260%t 3.500% 8
4,606,114 2.37%
3.510%t 3.750% 3
964,044 0.50%
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
23,735,886 12.22%
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
15,447,583 65.08%
7.260%t 7.500% 20
8,128,474 34.25%
7.510%t 7.750% 1
159,829 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
23,735,886 100.00%
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 23,735,886 100.00%
Total 46 23,735,886 100.00%
Six-Month Libor Loans
Distribution of Balances
Current ScheduleNumber
Scheduled Based on
Balances of Loans Balance
Balance
$0t $100,000 29
2,390,989 1.51%
$100,000t $200,000 153
22,963,733 14.54%
$200,000t $300,000 86
20,841,611 13.19%
$300,000t $400,000 42
14,557,286 9.21%
$400,000t $500,000 31
14,088,469 8.92%
$500,000t $600,000 14
7,698,726 4.87%
$600,000t $700,000 16
10,297,587 6.52%
$700,000t $800,000 10
7,734,249 4.90%
$800,000t $900,000 10
8,343,985 5.28%
$900,000t $1,000,000 7
6,609,871 4.18%
$1,000,000t $1,100,000 8
8,394,014 5.31%
$1,100,000t $1,200,000 4
4,684,294 2.97%
$1,200,000t $1,300,000 3
3,717,648 2.35%
$1,300,000t $1,400,000 4
5,346,132 3.38%
$1,400,000t $1,500,000 2
2,910,208 1.84%
$1,500,000t $1,600,000 2
3,132,214 1.98%
$1,600,000t $1,700,000 2
3,328,731 2.11%
$1,700,000t $1,800,000 0
0 0.00%
$1,800,000t $1,900,000 1
1,858,731 1.18%
$1,900,000&Above 4
9,085,981 5.75%
Total 428
157,984,459 100.00%
Average Scheduled Balance is 366,553
Maximum Scheduled Balance is 3,062,102
Minimum Scheduled Balance is 36,180
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Multifamily 363 112,691,807 71.33%
Retail 23 16,226,665 10.27%
Mixed Use 14 12,172,925 7.71%
Office 13 8,330,934 5.27%
Mobile Home 8 5,497,430 3.48%
Industrial 7 3,064,698 1.94%
Total 428 157,984,459 100.00%
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% 5
1,087,310 0.69%
7.500%t 8.000% 3
792,574 0.50%
8.000%t 8.500% 4
1,934,666 1.22%
8.500%t 9.000% 125
46,137,946 29.20%
9.000%t 9.500% 76
28,757,744 18.20%
9.500%t 10.000% 122
42,762,681 27.07%
10.000%t 10.500% 74
26,653,547 16.87%
10.500%t 11.000% 13
8,216,189 5.20%
11.000%t 11.500% 6
1,641,803 1.04%
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 428
157,984,459 100.00%
Weighted Average Mortgage Interest Rat 9.5415%
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 247 84,022,092 53.18%
Arizona 51 22,911,478 14.50%
Colorado 57 18,104,985 11.46%
Oregon 33 11,651,757 7.38%
Washington 16 11,277,518 7.14%
Texas 16 5,519,119 3.49%
Illinois 1 1,690,973 1.07%
Nevada 3 1,057,966 0.67%
New Jersey 1 832,548 0.53%
Idaho 1 457,246 0.29%
Utah 1 309,973 0.20%
New Mexico 1 148,806 0.09%
Total 428 157,984,459 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 255 89,494,990 56.65%
1+ to 2 years 168 65,242,746 41.30%
2+ to 3 years 5 3,246,723 2.06%
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 428 157,984,459 100.00%
Weighted Average Seasoning is 1.0
Distribution of Amortization Type
Number Scheduled Based
on
Amortization Type of Loans Balance Balance
Fully Amortizing 418151,584,550
95.95%
Interest Only / Balloon 10 6,399,909
4.05%
Total 428157,984,459
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 2,172,724 1.38%
181 to 240 months 6 1,361,872 0.86%
241 to 360 months 408 148,049,953 93.71%
Total 418 151,584,550 95.95%
Weighted Average Months to Maturity is 342
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 4,757,631 3.01%
121 to 180 months 2 1,468,992 0.93%
181 to 240 months 1 173,287 0.11%
Total 10 6,399,909 4.05%
Weighted Average Months to Maturity is 112
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
772,819 0.49%
0.750t 0.875 2
539,228 0.34%
0.875t 1.000 3
1,004,160 0.64%
1.000& 1.125 6
3,470,728 2.20%
1.125& 1.250 32
11,153,496 7.06%
1.250& 1.375 78
24,561,856 15.55%
1.375& 1.500 72
31,527,428 19.96%
1.500& 1.625 68
24,226,750 15.33%
1.625& 1.750 47
19,753,726 12.50%
1.750& 1.875 44
14,002,889 8.86%
1.875& 2.000 19
9,478,265 6.00%
2.000& 2.125 15
5,185,943 3.28%
2.125&above 40
12,307,171 7.79%
Unknown 0
0 0.00%
Total 428
157,984,459 100.00%
Weighted Average Debt Service Coverage Ratio is 1.600
(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 72 24,437,639 15.47%
1 to 2 years 339 127,633,511 80.79%
2 Years or More 17 5,913,309 3.74%
Unknown 0 0 0.00%
Total 428 157,984,459 100.00%
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
1,508,972 0.96%
13.01%t 13.50% 167
66,612,534 42.16%
13.51%t 14.00% 196
64,973,999 41.13%
14.01%t 14.50% 47
18,030,872 11.41%
14.51%t 15.00% 13
6,387,978 4.04%
15.01%t 15.50% 1
80,549 0.05%
15.51%t 16.00% 2
389,554 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 428
157,984,459 100.00%
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 428 157,984,459 100.00%
Total 428 157,984,459 100.00%
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
315,915 0.20%
3.26%t 3.50% 17
9,156,763 5.80%
3.51%t 3.75% 127
45,722,966 28.94%
3.76%t 4.00% 110
36,203,767 22.92%
4.01%t 4.25% 65
24,240,296 15.34%
4.26%t 4.50% 40
15,610,205 9.88%
4.51%&Above 68
26,734,546 16.92%
Total 428
157,984,459 100.00%
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
1,508,972 0.96%
7.010%t 7.250% 4
2,131,586 1.35%
7.260%t 7.500% 186
70,017,108 44.32%
7.510%t 7.750% 170
56,229,745 35.59%
7.760%t 8.000% 20
5,219,693 3.30%
8.010%t 8.250% 4
1,813,272 1.15%
8.260%t 8.500% 23
11,288,327 7.15%
8.510%t 8.750% 7
3,074,966 1.95%
8.760%t 9.000% 5
3,678,084 2.33%
9.010%t 9.500% 4
2,202,043 1.39%
9.510%t 10.000% 3
820,665 0.52%
10.010%&Above 0
0 0.00%
Total 428
157,984,459 100.00%
Weighted Average for Mtge with a Minimum Rate is 7.76%
Distribution of Interest Adjustment
Interest AdjustmentNumber Scheduled Based on
Frequency Loans Balance Balance
Six Month 428 157,984,459 100.00%
Total 428 157,984,459 100.00%
Prime Loans
Distribution of Balances
Current Scheduled Number
Scheduled Based on
Balances of Loans Balance
Balance
$0t $100,000 8
728,909 5.84%
$100,000t $200,000 20
2,980,470 23.88%
$200,000t $300,000 13
3,123,061 25.03%
$300,000t $400,000 5
1,764,759 14.14%
$400,000t $500,000 2
886,315 7.10%
$500,000t $600,000 1
546,770 4.38%
$600,000t $700,000 1
631,647 5.06%
$700,000t $800,000 0
0 0.00%
$800,000t $900,000 1
810,847 6.50%
$900,000t $1,000,000 0
0 0.00%
$1,000,000t $1,100,000 1
1,006,141 8.06%
$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 52
12,478,918 100.00%
Average Scheduled Balance is 235,451
Maximum Scheduled Balance is 1,006,141
Minimum Scheduled Balance is 71,568
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Retail 18 4,509,173 36.13%
Multifamily 12 2,483,925 19.90%
Warehouse 3 2,045,108 16.39%
Mixed Use 9 1,452,614 11.64%
Industrial 6 1,130,637 9.06%
Office 4 857,461 6.87%
Total 52 12,478,918 100.00%
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
468,405 3.75%
10.000%t 10.500% 4
879,825 7.05%
10.500%t 11.000% 12
2,760,261 22.12%
11.000%t 11.500% 2
299,549 2.40%
11.500%t 12.000% 20
5,713,892 45.79%
12.000%t 12.500% 12
2,257,529 18.09%
12.500%t 13.000% 1
99,456 0.80%
13.000%t 13.500% 0
0 0.00%
13.500%&Above 0
0 0.00%
Total 52
12,478,918 100.00%
Weighted Average Mortgage Interest Rat 11.6248%
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 40 10,134,254 81.21%
Arizona 5 1,021,016 8.18%
Oregon 4 678,988 5.44%
Nevada 1 273,679 2.19%
Washington 1 222,108 1.78%
Texas 1 148,873 1.19%
Total 52 12,478,918 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 23 4,917,297 39.40%
1+ to 2 years 17 3,716,854 29.79%
2+ to 3 years 9 3,339,394 26.76%
3+ to 4 years 3 505,374 4.05%
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 52 12,478,918 100.00%
Weighted Average Seasoning is 1.5
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 52 12,478,918 100.00%
Total 52 12,478,918 100.00%
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 1 810,847 6.50%
241 to 360 months 51 11,668,071 93.50%
Total 52 12,478,918 100.00%
Weighted Average Months to Maturity is 333
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
163,967 1.31%
1.125& 1.250 3
1,364,387 10.93%
1.250& 1.375 10
1,847,957 14.81%
1.375& 1.500 11
2,540,868 20.36%
1.500& 1.625 5
1,406,802 11.27%
1.625& 1.750 5
996,922 7.99%
1.750& 1.875 5
1,254,687 10.05%
1.875& 2.000 4
1,121,565 8.99%
2.000& 2.125 1
468,405 3.75%
2.125&Above 6
1,082,730 8.68%
Unknown 1
230,627 1.85%
Total 52
12,478,918 100.00%
Weighted Average Debt Service Coverage Ratio is 1.712
NOI Aging
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 2 269,842 2.16%
1 to 2 years 37 8,090,629 64.83%
2 Years or More 13 4,118,447 33.00%
Unknown 0 0 0.00%
Total 52 12,478,918 100.00%
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
1,733,520 13.89%
14.01%t 14.50% 10
2,768,848 22.19%
14.51%t 15.00% 28
5,815,826 46.61%
15.01%t 15.50% 2
357,707 2.87%
15.51%t 16.00% 5
1,330,735 10.66%
16.01%t 16.50% 0
0 0.00%
16.51%t 17.00% 2
372,827 2.99%
17.01%t 17.50% 1
99,456 0.80%
17.51%t 18.00% 0
0 0.00%
18.01%&Above 0
0 0.00%
Total 52
12,478,918 100.00%
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 52 12,478,918 100.00%
Total 52 12,478,918 100.00%
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
1,149,798 9.21%
3.010%t 3.250% 10
2,715,547 21.76%
3.260%t 3.500% 6
786,785 6.30%
3.510%t 3.750% 16
5,303,487 42.50%
3.760%t 4.000% 14
2,423,846 19.42%
4.010%t 4.250% 0
0 0.00%
4.260%t 4.500% 1
99,456 0.80%
4.510%&Above 0
0 0.00%
Total 52
12,478,918 100.00%
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
1,733,520 13.89%
8.010%t 8.250% 2
550,841 4.41%
8.260%t 8.500% 10
2,706,878 21.69%
8.510%t 8.750% 16
3,641,326 29.18%
8.760%t 9.000% 14
2,852,397 22.86%
9.010%t 9.500% 5
894,500 7.17%
9.510%t 10.000% 0
0 0.00%
10.010%&Above 1
99,456 0.80%
Total 52
12,478,918 100.00%
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 52 12,478,918 100.00%
Total 52 12,478,918 100.00%
DistributiDelinq 1 Month Delinq 2 Months Delinq 3+ Month
Date # Balance # Balance # Balance
12/26/97 5 1,904,898 0 0 1 161,287
0.94% 0.974% 0.00% 0.000% 0.19% 0.083%
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 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%
Foreclosure/
DistributiBankruptcy REO Modifications
Date # Balance # Balance # Balance
12/26/97 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
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%
Note: Foreclosure and REO Totals are Included in the
Appropriate Delinquency Aging Category
DistributiPrepayments Curr Weighted Avg.
Date # Balance Coupon Remit
12/26/97 4 1,094,633 9.5821% 9.2046%
0.75% 0.560%
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%
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