SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 25, 1996
TRUST CREATED BY MIDLAND REALTY ACCEPTANCE CORPORATION
(under a Pooling & Servicing Agreement
dated as of September 1, 1996, which Trust is
the issuer of Commercial Mortgage Pass-Through
=============Certificates, Series 1996-C1)=============
(Exact name of Registrant as specified in its Charter)
Missouri 333-03885-01 36-4106421
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Formation) File No.) Identification No.)
LaSalle National Bank, Trustee, 135 South LaSalle Street
Suite 200, Chicago, Illinois 60603
Attention: Asset-backed Securities Trust Services (Zip Code)
MRAC Series 1996-C1
(Address of principal executive office)
Registrant's telephone number, including area code: (800) 246-5761
The Exhibit Index is on page 2.
Page - 1
<PAGE>
Item 5. Other Events
Attached hereto is a copy of the October 25, 1996, Monthly Remittance
Statement provided to the Certificateholders by the Trustee.
Item 7. Financial Statements and Exhibits
Exhibits
Monthly Remittance Statement to the Certificateholders dated as of
October 25, 1996.
Loan data file as of the October 1996 Determination Date.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
MIDLAND LOAN SERVICES, L.P., not in its individual
capacity but solely as a duly authorized agent of
the Registrant pursuant to Section 3.22 of the
Pooling & Servicing Agreement dated as of September
1, 1996
By: Midland Data Systems, Inc., its General
Partner
/s/ Lawrence D. Ashley
By: Lawrence D. Ashley
Title: Director of MBS Programs
Date: October 25, 1996
EXHIBIT INDEX
Sequential
Document Page Number
Monthly Statement to the Certificateholders 3
dated as of October 25, 1996
Loan data file as of October 1996 31
Page - 2
ABN AMRO
LaSalle National Bank
Administrator:
Barb Marik (800) 246-5761
135 S. LaSalle Street Suite 1740
Chicago, IL 60603
Payment Date: 10/25/96
Prior Payment: NA
Record Date: 09/30/96
WAC: 9.060436%
WAMM: 118
<TABLE>
Midland Realty Acceptance Corp.
Midland Loan Services, L.P. as Servicer and Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C1
ABN AMRO Acct: 67-7617-409
REMIC III
<CAPTION>
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
<S> <C> <C> <C>
A-1 89,941,000.00 89,941,000.00 400,368.17
597706AA8 1000.000000000 1000.000000000 4.451453397
A-2 68,712,000.00 68,712,000.00 0.00
597706AB6 1000.000000000 1000.000000000 0.000000000
A-3 91,844,000.00 91,844,000.00 0.00
597706AC4 1000.000000000 1000.000000000 0.000000000
A-EC 317,315,000.00 317,315,000.00 0.00
597706AJ9 1000.000000000 1000.000000000 0.000000000
B 20,417,000.00 20,417,000.00 0.00
597706AD2 1000.000000000 1000.000000000 0.000000000
C 25,985,000.00 25,985,000.00 0.00
597706AE0 1000.000000000 1000.000000000 0.000000000
D 14,848,000.00 14,848,000.00 0.00
597706AF7 1000.000000000 1000.000000000 0.000000000
E 5,568,000.00 5,568,000.00 0.00
597706AG5 1000.000000000 1000.000000000 0.000000000
F 7,424,000.00 7,424,000.00 0.00
597706AH3 1000.000000000 1000.000000000 0.000000000
G 18,561,000.00 18,561,000.00 0.00
597706AK6 1000.000000000 1000.000000000 0.000000000
H 5,568,000.00 5,568,000.00 0.00
597706AL4 1000.000000000 1000.000000000 0.000000000
J 11,136,000.00 11,136,000.00 0.00
597706AM2 1000.000000000 1000.000000000 0.000000000
K-1 11,139,879.82 11,139,879.82 0.00
597706AN0 1000.000000000 1000.000000000 0.000000000
K-2 11,139,879.82 11,139,879.82 0.00
597706AP5 1000.000000000 1000.000000000 0.000000000
R-III 0.00 0.00 0.00
597706AS9 1000.000000000 0.000000000 0.000000000
- ------------------- ---------------- ---------------- ----------------
371,143,879.82 371,143,879.82 400,368.17
================ ================ ================
<FN>
(1) N denotes notional balance not included in total
</FN>
</TABLE>
Page - 3
<PAGE>
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 0.00 0.00 89,540,631.83
597706AA8 0.000000000 0.000000000 995.548546603
A-2 0.00 0.00 68,712,000.00
597706AB6 0.000000000 0.000000000 1000.000000000
A-3 0.00 0.00 91,844,000.00
597706AC4 0.000000000 0.000000000 1000.000000000
A-EC 0.00 0.00 316,914,631.83
597706AJ9 0.000000000 0.000000000 998.738262704
B 0.00 0.00 20,417,000.00
597706AD2 0.000000000 0.000000000 1000.000000000
C 0.00 0.00 25,985,000.00
597706AE0 0.000000000 0.000000000 1000.000000000
D 0.00 0.00 14,848,000.00
597706AF7 0.000000000 0.000000000 1000.000000000
E 0.00 0.00 5,568,000.00
597706AG5 0.000000000 0.000000000 1000.000000000
F 0.00 0.00 7,424,000.00
597706AH3 0.000000000 0.000000000 1000.000000000
G 0.00 0.00 18,561,000.00
597706AK6 0.000000000 0.000000000 1000.000000000
H 0.00 0.00 5,568,000.00
597706AL4 0.000000000 0.000000000 1000.000000000
J 0.00 0.00 11,136,000.00
597706AM2 0.000000000 0.000000000 1000.000000000
K-1 0.00 0.00 11,139,879.82
597706AN0 0.000000000 0.000000000 1000.000000000
K-2 0.00 0.00 11,139,879.82
597706AP5 0.000000000 0.000000000 1000.000000000
R-III 0.00 0.00 0.00
597706AS9 0.000000000 0.000000000 0.000000000
- ------------------- ---------------- ---------------- ----------------
0.00 0.00 370,743,511.65
================ ================ ================
Total P&I Payment 3,167,626.48
================
Page - 4
<PAGE>
<TABLE>
<CAPTION>
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
<S> <C> <C> <C>
A-1 548,265.35 0.00 7.31500000%
597706AA8 6.095833380 0.000000000 Fixed
A-2 428,018.50 0.00 7.47500000%
597706AB6 6.229166667 0.000000000 Fixed
A-3 584,357.45 0.00 7.63500000%
597706AC4 6.362500000 0.000000000 Fixed
A-EC 356,473.54 0.00 1.34808708%
597706AJ9 1.123405890 0.000000000 1.22659134%
B 132,006.51 0.00 7.75862316%
597706AD2 6.465519420 0.000000000 7.76358865%
C 169,414.04 0.00 7.82362316%
597706AE0 6.519685973 0.000000000 7.82858865%
D 99,340.83 0.00 8.02862316%
597706AF7 6.690519262 0.000000000 8.03358865%
E 38,088.01 0.00 8.20862316%
597706AG5 6.840519037 0.000000000 8.21358865%
F 55,120.87 0.00 8.90962316%
597706AH3 7.424686153 0.000000000 8.91458865%
G 137,809.60 0.00 8.90962316%
597706AK6 7.424686170 0.000000000 8.91458865%
H 41,340.65 0.00 8.90962316%
597706AL4 7.424685704 0.000000000 8.91458865%
J 82,681.30 0.00 8.90962316%
597706AM2 7.424685704 0.000000000 8.91458865%
K-1 0.00 0.00 None
597706AN0 0.000000000 0.000000000
K-2 82,710.11 0.00 8.90962316%
597706AP5 7.424686023 0.000000000 8.91458865%
R-III 11,631.55 0.00
597706AS9 0.031339733 0.000000000
---------------- ---------------- ----------------
2,767,258.31 0.00
================ ================
<FN>
(2) Interest Paid minus Interest Adjustment minus Deferred Interest
equals Accrual
(3) Estimated
</FN>
</TABLE>
Page - 5
<PAGE>
<TABLE>
Midland Realty Acceptance Corp.
Midland Loan Services, L.P. as Servicer and Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C1
ABN AMRO Acct: 67-7617-409
REMIC II
<CAPTION>
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
<S> <C> <C> <C>
A-L-1 89,941,000.00 89,941,00 400,368.170.00
None 1000.000000000 1000.00000 4.4514533970000
A-L-2 68,712,000.00 68,712,00 0.000.00
None 1000.000000000 1000.00000 0.0000000000000
A-L-3 91,844,000.00 91,844,00 0.000.00
None 1000.000000000 1000.00000 0.0000000000000
B-L 10,417,000.00 20,417,00 0.000.00
None 1000.000000000 1959.96928 0.0000000000983
C-L 25,985,000.00 25,985,00 0.000.00
None 1000.000000000 1000.00000 0.0000000000000
D-L 14,848,000.00 14,848,00 0.000.00
None 1000.000000000 1000.00000 0.0000000000000
E-L 5,568,000.00 5,568,00 0.000.00
None 1000.000000000 1000.00000 0.0000000000000
F-L 7,424,000.00 7,424,00 0.000.00
None 1000.000000000 1000.00000 0.0000000000000
G-L 18,561,000.00 18,561,00 0.000.00
None 1000.000000000 1000.00000 0.0000000000000
H-L 5,568,000.00 5,568,00 0.000.00
None 1000.000000000 1000.00000 0.0000000000000
J-L 11,136,000.00 11,136,00 0.000.00
None 1000.000000000 1000.00000 0.0000000000000
K-L 11,139,879.82 11,139,87 0.009.82
None 1000.000000000 1000.00000 0.0000000000000
R-II 0.00 0.000.00
597706AR1 1000.000000000 0.00000 0.0000000000000
- ------------------- ---------------- ---------------- ----------------
371,143,879.82 371,143,87 400,368.179.82
================ ================ ================
<FN>
(1) N denotes notional balance not included in total
</FN>
</TABLE>
Page - 6
<PAGE>
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
A-L-1 0.00 0.00 89,540,631.83
None 0.000000000 0.000000000 995.548546603
A-L-2 0.00 0.00 68,712,000.00
None 0.000000000 0.000000000 1000.000000000
A-L-3 0.00 0.00 91,844,000.00
None 0.000000000 0.000000000 1000.000000000
B-L 0.00 0.00 20,417,000.00
None 0.000000000 0.000000000 1959.969280983
C-L 0.00 0.00 25,985,000.00
None 0.000000000 0.000000000 1000.000000000
D-L 0.00 0.00 14,848,000.00
None 0.000000000 0.000000000 1000.000000000
E-L 0.00 0.00 5,568,000.00
None 0.000000000 0.000000000 1000.000000000
F-L 0.00 0.00 7,424,000.00
None 0.000000000 0.000000000 1000.000000000
G-L 0.00 0.00 18,561,000.00
None 0.000000000 0.000000000 1000.000000000
H-L 0.00 0.00 5,568,000.00
None 0.000000000 0.000000000 1000.000000000
J-L 0.00 0.00 11,136,000.00
None 0.000000000 0.000000000 1000.000000000
K-L 0.00 0.00 11,139,879.82
None 0.000000000 0.000000000 1000.000000000
R-II 0.00 0.00 0.00
597706AR1 0.000000000 0.000000000 0.000000000
- ------------------- ---------------- ---------------- ----------------
0.00 0.00 370,743,511.65
================ ================ ================
Total P&I Payment 3,155,994.94
Page - 7
<PAGE>
<TABLE>
<CAPTION>
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
<S> <C> <C> <C>
A-L-1 667,783.68 0.00 8.90962316%
None 7.424685961 0.000000000 8.91458865%
A-L-2 510,165.02 0.00 8.90962316%
None 7.424685935 0.000000000 8.91458865%
A-L-3 681,912.86 0.00 8.90962316%
None 7.424685989 0.000000000 8.91458865%
B-L 151,589.82 0.00 7.75862316%
None 14.552157051 0.000000000 7.76358865%
C-L 192,930.47 0.00 7.82362316%
None 7.424686165 0.000000000 7.82858865%
D-L 110,241.74 0.00 8.02862316%
None 7.424686153 0.000000000 8.03358865%
E-L 41,340.65 0.00 8.20862316%
None 7.424685704 0.000000000 8.21358865%
F-L 55,120.87 0.00 8.90962316%
None 7.424686153 0.000000000 8.91458865%
G-L 137,809.60 0.00 8.90962316%
None 7.424686170 0.000000000 8.91458865%
H-L 41,340.65 0.00 8.90962316%
None 7.424685704 0.000000000 8.91458865%
J-L 82,681.30 0.00 8.90962316%
None 7.424685704 0.000000000 8.91458865%
K-L 82,710.11 0.00 8.90962316%
None 7.424686023 0.000000000 8.91458865%
R-II 0.00 0.00 None
597706AR1 0.000000000 0.000000000
---------------- ---------------- ----------------
2,755,626.77 0.00
================ ================
<FN>
(2) Interest Paid minus Interest Adjustment minus Deferred Interest
equals Accrual
(3) Estimated
</FN>
</TABLE>
Page - 8
<PAGE>
<TABLE>
Midland Realty Acceptance Corp.
Midland Loan Services, L.P. as Servicer and Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C1
ABN AMRO Acct: 67-7617-409
REMIC I
<CAPTION>
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
<S> <C> <C> <C>
REMIC I Reg Interes 371,143,880.00 371,143,880.00 400,368.17
None 1000.000000000 1000.000000000 1.078741134
R-I 0.00 0.00 0.00
597706AQ3 1000.000000000 0.000000000 0.000000000
- ------------------- ---------------- ---------------- ----------------
371,143,880.00 371,143,880.00 400,368.17
================ ================ ================
<FN>
(1) N denotes notional balance not included in total
</FN>
</TABLE>
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
REMIC I Reg Interes 0.00 0.00 370,743,511.83
None 0.000000000 0.000000000 998.921258866
R-I 0.00 0.00 0.00
597706AQ3 0.000000000 0.000000000 0.000000000
- ------------------- ---------------- ---------------- ----------------
0.00 0.00 0.00
================ ================ ================
Total P&I Payment 3,155,994.94
================
<TABLE>
<CAPTION>
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
<S> <C> <C> <C>
REMIC I Reg Interest 2,755,626.77 0.00 8.90962316%
None 7.424686000 0.000000000 8.91458865%
R-I 0.00 0.00 None
597706AQ3 0.000000000 0.000000000
---------------- ---------------- ----------------
370,743,511.83 2,755,626.77
================ ================
<FN>
(2) Interest Paid minus Interest Adjustment minus Deferred Interest
equals Accrual
(3) Estimated
</FN>
</TABLE>
Page - 9
<PAGE>
Midland Realty Acceptance Corp.
Midland Loan Services, L.P. as Servicer and Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C1
ABN AMRO Acct: 67-7617-409
OTHER RELATED INFORMATION
Pooled Principal Distribution Amount 400,368.17
Pooled Available Funds 3,214,270.73
Amount Allocated to Principal 2,767,258.31
Amount Allocated to Interest 400,368.17
P&I Advances included in Current Amount Distributed: 155,283.77
Servicer 155,283.77
Trustee 0.00
Fiscal Agent 0.00
Current Realized Losses 0.00
Cummulative Realized Losses 0.00
SUMMARY OF REO PROPERTIES:
Principal
Property Name Date of REO Balance
Date of Final
Property Name Book Value Recovery
Aggregate Other
Amount Revenues
Property Name of Proceeds Collected
AMOUNTS PAID TO SERVICER IN CURRENT COLLECTION PERIOD
Servicing Compensation 45,547.48
Additional Servicing Compensation per Section 3.12(a) 0.00
AMOUNT PAID TO SPECIAL SERVICER IN CURRENT COLLECTION PERIOD
Special Servicing Fee 0.00
Disposition Fee 0.00
Workout Fee 0.00
Amount of Prepayment Premium 0.00
Amount of Default Interest 0.00
Page - 10
<PAGE>
Midland Realty Acceptance Corp.
Midland Loan Services, L.P. as Servicer and Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C1
ABN AMRO Acct: 67-7617-409
<TABLE>
<CAPTION>
Distribution Delinq 1 Month Delinq 2 Months Delinq 3+ Months
Date # Balance # Balance # Balance
<S> <C> <C> <C> <C> <C> <C>
10/25/96 .. 0 0 0 0 0 0
/ ......... 0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
</TABLE>
<TABLE>
<CAPTION>
Foreclosure/
Distribution Bankruptcy (1) REO (1) Modifications
Date # Balance # Balance # Balance
<S> <C> <C> <C> <C> <C> <C>
10/25/96 .. 0 0 0 0 0 0
/ ......... 0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
<FN>
(1) Foreclosure and REO Totals are Included in the Appropriate Delinquency Aging Category
</FN>
</TABLE>
Distribution Prepayments Curr Weighted Avg.
Date # Balance Coupon Remit
10/25/96 .... 0 0 9.0604% 8.9096%
/ 0.00% 0.000%
Page - 11
<PAGE>
Midland Realty Acceptance Corp.
Midland Loan Services, L.P. as Servicer and Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C1
ABN AMRO Acct: 67-7617-409
<TABLE>
DELINQUENT LOAN DETAIL
<CAPTION>
Disclosure Paid Outstanding Property
Doc Thru Current P&I P&I Protection
Control # Date Advance Advances (1) Advances
<S> <C> <C> <C> <C>
5 09/01/96 67,858.07 67,858.07 0.00
6 09/01/96 60,128.37 60,128.37 0.00
58 09/01/96 27,297.33 27,297.33 0.00
- -- -------- ---------- ---------- ----
Total -- 155,283.77 155,283.77 0.00
========== ========== ====
<FN>
(1) Outstanding P&I Advances include the current period P&I Advance
</FN>
</TABLE>
<TABLE>
<CAPTION>
Special
Disclosure Servicer
Doc Advance Transfer Foreclosure Bankruptcy REO
Control # Description (1) Date Date Date Date
<S> <C> <C> <C> <C> <C>
5 B -- -- -- --
6 B -- -- -- --
58 B -- -- -- --
Total
<FN>
(1) Legend:
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but less one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
</FN>
</TABLE>
Page - 12
<PAGE>
Midland Realty Acceptance Corp.
Midland Loan Services, L.P. as Servicer and Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C1
ABN AMRO Acct: 67-7617-409
Pool Total
DISTRIBUTION OF PRINCIPAL BALANCES
Current
Scheduled Number Scheduled Based on
Balances of Loans Balance Balance
$0 to $249,999 ............... 0 0 0.00%
$250,000 to $499,999 ......... 0 0 0.00%
$500,000 to $999,999 ......... 30 24,804,502 6.69%
$1,000,000 to $1,249,999 ..... 15 17,056,585 4.60%
$1,250,000 to $1,499,999 ..... 20 27,920,405 7.53%
$1,500,000 to $1,999,999 ..... 14 24,063,988 6.49%
$2,000,000 to $2,499,999 ..... 14 31,475,575 8.49%
$2,500,000 to $2,999,999 ..... 8 21,398,337 5.77%
$3,000,000 to $3,499,999 ..... 10 33,193,472 8.95%
$3,500,000 to $3,999,999 ..... 8 30,064,569 8.11%
$4,000,000 to $4,499,999 ..... 4 17,079,115 4.61%
$4,500,000 to $4,999,999 ..... 2 9,836,560 2.65%
$5,000,000 to $5,499,999 ..... 6 31,892,865 8.60%
$5,500,000 to $5,999,999 ..... 1 5,738,919 1.55%
$6,500,000 to $6,999,999 ..... 4 27,437,290 7.40%
$7,000,000 to $7,499,999 ..... 2 14,526,172 3.92%
$8,000,000 to $8,499,999 ..... 2 16,720,577 4.51%
$9,000,000 to $9,499,999 ..... 1 9,383,909 2.53%
$10,000,000 to $10,499,999 ... 1 10,391,411 2.80%
$17,500,000 & Above .......... 1 17,759,261 4.79%
- ------------------------------ --- ------------ ------
Total ........................ 143 370,743,511 100.00%
=== ============ ======
Average Scheduled Balance is 2,592,612
Maximum Scheduled Balance is 17,759,261
Minimum Scheduled Balance is 524,125
DISTRIBUTION OF PROPERTY TYPES
Property Number Scheduled Based on
Types of Loans Balance Balance
MF- Housing .................. 64 156,857,689 42.31%
Retail-Anchored .............. 12 47,290,518 12.76%
Office ....................... 13 40,460,669 10.91%
Retail-Single Tenant ......... 17 28,568,789 7.71%
Retail Facility .............. 11 20,211,891 5.45%
Mobile Home Park ............. 5 17,665,093 4.76%
Hospitality .................. 4 17,109,427 4.61%
Congregate Care .............. 5 15,150,457 4.09%
Industrial ................... 6 12,375,166 3.34%
Office\MF\Retail ............. 2 7,524,923 2.03%
Nursing Home ................. 1 3,966,429 1.07%
Other ........................ 3 3,562,461 0.96%
--- ------------ ------
Total ........................ 143 370,743,511 100.00%
=== ============ ======
Page - 13
<PAGE>
DISTRIBUTION OF MORTGAGE INTEREST RATES
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
7.500% orless ................ 0 0 0.00%
7.500% to 7.625% ............. 0 0 0.00%
7.625% to 7.750% ............. 1 6,779,512 1.83%
7.750% to 7.875% ............. 0 0 0.00%
7.875% to 8.000% ............. 1 1,144,445 0.31%
8.000% to 8.125% ............. 5 11,883,054 3.21%
8.125% to 8.250% ............. 6 23,133,657 6.24%
8.250% to 8.375% ............. 0 0 0.00%
8.375% to 8.500% ............. 5 15,557,731 4.20%
8.500% to 8.625% ............. 8 22,333,106 6.02%
8.625% to 8.750% ............. 19 37,060,274 10.00%
8.750% to 9.000% ............. 19 66,164,366 17.85%
9.000% to 9.125% ............. 7 14,143,358 3.81%
9.125% to 9.500% ............. 44 111,740,787 30.14%
9.500% & Above ............... 28 60,803,220 16.40%
- ------------------------------ --- ------------ ------
Total ........................ 143 370,743,511 100.00%
=== ============ ======
W/Avg Mortgage Interest Rate is 9.0610%
Minimum Mortgage Interest Rate is 7.6400%
Maximum Mortgage Interest Rate is 12.3500%
GEOGRAPHIC DISTRIBUTION
Geographic Number Scheduled Based on
Location of Loans Balance Balance
Texas ........................ 23 42,820,848 11.55%
California ................... 12 42,521,289 11.47%
Illinois ..................... 9 29,780,755 8.03%
New York ..................... 9 26,732,003 7.21%
Ohio ......................... 9 26,646,340 7.19%
Nevada ....................... 3 24,686,979 6.66%
Oklahoma ..................... 8 16,095,668 4.34%
Puerto Rico .................. 2 15,601,906 4.21%
Florida ...................... 7 13,598,484 3.67%
Arizona ...................... 6 13,536,616 3.65%
Massachusetts ................ 2 11,438,918 3.09%
Missouri ..................... 6 11,200,208 3.02%
Indiana ...................... 3 11,195,254 3.02%
Pennsylvania ................. 6 10,974,532 2.96%
Virginia ..................... 4 8,566,326 2.31%
Michigan ..................... 5 8,253,085 2.23%
Georgia ...................... 5 7,768,110 2.10%
New Jersey ................... 4 7,029,025 1.90%
Colorado ..................... 4 7,017,173 1.89%
New Mexico ................... 3 5,809,663 1.57%
District of Columbia ......... 1 5,252,200 1.42%
Delaware ..................... 1 4,953,132 1.34%
Kansas ....................... 1 4,311,667 1.16%
Louisiana .................... 1 3,171,312 0.86%
Wyoming ...................... 1 2,289,288 0.62%
Idaho ........................ 1 2,031,882 0.55%
Tennessee .................... 2 1,841,555 0.50%
Montana ...................... 1 1,797,185 0.48%
Maryland ..................... 2 1,693,086 0.46%
Arkansas ..................... 1 1,269,320 0.34%
Other ........................ 1 859,698 0.23%
--- ------------ ------
Total ........................ 143 370,743,511 100.00%
=== ============ ======
Page - 14
<PAGE>
LOAN SEASONING
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less ............... 124 339,656,273 91.61%
1+ to 2 years ................ 6 11,397,898 3.07%
2+ to 3 years ................ 10 16,009,636 4.32%
3+ to 4 years ................ 2 1,397,667 0.38%
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 ................ 1 2,282,036 0.62%
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 ........................ 143 370,743,511 100.00%
=== ============ ======
Weighted Average Seasoning is 0.5
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 ............ 0 0 0.00%
- ------------------------------ --- ------------ ------
Total ........................ 0 0 0.00%
=== ============ ======
Weighted Average Months to Maturity is NA
<TABLE>
DISTRIBUTION OF DSCR
<CAPTION>
Debt Service Number Scheduled Based on
Coverage Ratio (1) of Loans Balance Balance
<S> <C> <C> <C>
1 or less .................... 8 24,451,237 6.60%
1.001 to 1.125 ............... 4 12,560,645 3.39%
1.126 to 1.25 ................ 6 21,529,810 5.81%
1.251 to 1.375 ............... 19 73,703,243 19.88%
1.376 to 1.5 ................. 30 82,471,485 22.24%
1.501 to 1.625 ............... 28 54,027,013 14.57%
1.626 to 1.75 ................ 17 38,463,795 10.37%
1.751 to 1.875 ............... 10 15,104,760 4.07%
1.876 to 2 ................... 9 21,636,853 5.84%
2.001 to 2.125 ............... 2 8,019,024 2.16%
2.126 to 2.25 ................ 3 3,395,060 0.92%
2.251 to 2.375 ............... 3 6,200,060 1.67%
2.376 to 2.5 ................. 1 2,490,010 0.67%
2.501 to 2.625 ............... 2 4,293,751 1.16%
2.626 & above ................ 1 2,396,765 0.65%
Unknown ...................... 0 0 0.00%
--- ------------ ------
Total ........................ 143 370,743,511 100.00%
=== ============ ======
<FN>
(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.
</FN>
</TABLE>
Weighted Average Debt Service Coverage Ratio is 1.504
Page - 15
<PAGE>
DISTRIBUTION OF AMORTIZATION TYPE
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Amortizing Balloon ........... 143 370,743,511 100.00%
--- ------------ ------
Total ........................ 143 370,743,511 100.00%
=== ============ ======
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 .............. 1 2,282,036 0.62%
37 to 48 months .............. 0 0 0.00%
49 to 60 months .............. 9 25,867,723 6.98%
61 to 120 months ............. 76 220,522,912 59.48%
121 to 180 months ............ 54 118,501,680 31.96%
181 to 240 months ............ 3 3,569,161 0.96%
- ------------------------------ --- ------------ ------
143 370,743,511 100.00%
=== ============ ======
Weighted Average Months to Maturity is 118
NOI AGING
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less ............... 136 361,257,745 97.44%
1 to 2 years ................. 6 8,926,019 2.41%
2 Years or More .............. 1 559,746 0.15%
Unknown ...................... 0 0 0.00%
--- ------------ ------
Total ........................ 143 370,743,511 100.00%
=== ============ ======
Page - 16
<PAGE>
Midland Realty Acceptance Corp.
Midland Loan Services, L.P. as Servicer and Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C1
ABN AMRO Acct: 67-7617-409
LOAN LEVEL DETAIL
Beginning Property
Disclosure Principal Type Maturity
Control # Balance Code Date
143 528,296 MF- Housing 04/15/08
142 561,586 MF- Housing 09/01/09
141 563,633 Warehouse 06/01/06
140 608,362 MF- Housing 05/01/01
139 657,031 MF- Housing 05/01/01
138 664,377 MF- Housing 05/01/01
137 712,500 Industrial 04/01/08
136 721,904 Retail-Single Tenant 02/01/06
135 726,149 Retail-Single Tenant 02/01/06
134 745,049 Retail-Single Tenant 02/01/06
133 843,749 Retail-Single Tenant 04/01/11
132 847,779 Retail-Single Tenant 02/01/06
131 853,292 Retail-Single Tenant 02/01/06
130 857,895 Retail-Single Tenant 02/01/06
129 860,407 Retail Facility 06/01/06
128 873,969 Retail-Single Tenant 02/01/06
127 880,492 MF- Housing 04/15/08
126 882,895 Retail-Single Tenant 02/01/06
125 916,653 MF- Housing 05/01/11
124 920,913 MF- Housing 01/01/01
123 926,617 MF- Housing 05/01/11
122 929,358 MF- Housing 07/01/06
121 933,387 Industrial 07/01/08
120 944,742 Retail Facility 03/01/08
119 965,578 MF- Housing 07/01/12
118 967,352 Retail Facility 01/01/08
117 973,894 MF- Housing 05/01/01
116 988,394 Retail-Anchored 07/01/06
115 990,827 MF- Housing 02/01/01
114 998,442 Office 07/01/08
113 1,044,005 Retail Facility 03/01/08
112 1,047,396 Office 06/01/08
111 1,048,345 Office 07/01/08
110 1,099,450 MF- Housing 08/01/06
109 1,100,000 Mobile Home Park 09/01/11
108 1,103,267 Office 07/01/08
107 1,131,177 Office 07/01/06
106 1,133,399 MF- Housing 03/01/06
105 1,138,826 MF- Housing 05/01/12
104 1,145,254 MF- Housing 03/01/03
103 1,189,300 MF- Housing 06/01/10
102 1,190,402 Retail Facility 01/01/06
101 1,221,565 Retail-Single Tenant 04/01/11
100 1,239,625 MF- Housing 01/01/11
99 1,245,622 Retail Facility 06/01/11
98 1,266,737 Retail-Single Tenant 02/01/06
97 1,270,824 MF- Housing 04/01/01
96 1,289,552 MF- Housing 12/31/05
95 1,309,173 MF- Housing 09/01/02
94 1,331,738 Retail-Single Tenant 04/01/11
93 1,358,151 Retail-Single Tenant 02/01/06
92 1,364,126 Retail-Single Tenant 02/01/06
91 1,375,661 MF- Housing 07/01/08
90 1,391,761 Office 07/01/06
89 1,408,268 MF- Housing 06/01/08
88 1,418,431 Retail-Anchored 03/31/06
87 1,424,591 Indust./Whs/Office 04/01/06
86 1,428,471 MF- Housing 04/01/08
85 1,447,667 Retail Facility 07/01/08
84 1,453,764 MF- Housing 05/01/06
83 1,473,192 MF- Housing 01/01/03
82 1,473,252 MF- Housing 07/01/12
81 1,477,426 MF- Housing 01/01/02
Page - 17
<PAGE>
LOAN LEVEL DETAIL, Continued
Beginning Property
Disclosure Principal Type Maturity
Control # Balance Code Date
80 1,491,197 Mobile Home Park 05/01/08
79 1,498,830 Retail Facility 08/01/06
78 1,546,064 Industrial 06/01/03
77 1,567,040 MF- Housing 09/01/02
76 1,579,781 Warehouse 01/01/11
75 1,593,308 MF- Housing 06/01/11
74 1,657,622 Office 04/01/08
73 1,680,404 Retail-Anchored 05/31/06
72 1,710,869 Industrial 04/01/08
71 1,789,252 MF- Housing 12/01/05
70 1,795,259 MF- Housing 06/01/11
69 1,796,872 MF- Housing 07/01/06
68 1,798,130 MF- Housing 07/01/11
67 1,811,804 MF- Housing 07/01/08
66 1,862,355 MF- Housing 06/01/03
65 1,896,758 MF- Housing 07/01/11
64 2,030,506 MF- Housing 05/01/01
63 2,033,577 Retail-Anchored 06/01/06
62 2,042,761 Retail-Anchored 05/01/03
61 2,086,593 MF- Housing 03/01/06
60 2,177,190 MF- Housing 12/01/01
59 2,194,243 MF- Housing 06/01/11
58 2,287,670 Office 04/14/99
57 2,291,207 Mobile Home Park 07/01/08
56 2,296,056 MF- Housing 07/01/06
55 2,326,842 Retail-Single Tenant 04/01/08
54 2,384,867 MF- Housing 10/31/05
53 2,400,000 Hospitality 09/01/06
52 2,463,859 MF- Housing 05/01/04
51 2,491,703 Congregate Care 04/01/06
50 2,536,761 MF- Housing 07/01/11
49 2,551,504 Congregate Care 04/01/06
48 2,552,383 MF- Housing 07/01/08
47 2,592,667 Hospitality 07/01/11
46 2,595,398 Industrial 07/01/08
45 2,786,397 Congregate Care 04/01/06
44 2,830,203 MF- Housing 07/01/06
43 2,984,425 MF- Housing 07/01/11
42 3,087,033 MF- Housing 06/01/11
41 3,174,230 MF- Housing 07/01/06
40 3,272,271 MF- Housing 04/01/06
39 3,289,049 Congregate Care 04/01/06
38 3,306,498 Office 06/01/11
37 3,341,137 Retail Facility 03/01/11
36 3,376,136 Retail Facility 02/01/06
35 3,406,345 Mobile Home Park 07/01/03
34 3,483,052 MF- Housing 04/01/06
33 3,494,019 MF- Housing 07/01/11
32 3,540,318 Retail-Anchored 05/31/06
31 3,615,146 MF- Housing 06/01/06
30 3,618,498 MF- Housing 07/01/06
29 3,644,285 Office\MF\Retail 07/01/06
28 3,881,177 Office 04/01/08
27 3,886,876 Office\MF\Retail 05/01/06
26 3,935,241 MF- Housing 07/01/06
25 3,969,881 Nursing Home 10/01/05
Page - 18
<PAGE>
LOAN LEVEL DETAIL, Continued
Beginning Property
Disclosure Principal Type Maturity
Control # Balance Code Date
24 4,044,252 Congregate Care 05/01/06
23 4,314,533 MF- Housing 08/01/05
22 4,321,434 Retail Facility 08/01/08
21 4,412,937 Retail-Anchored 07/01/06
20 4,887,620 Industrial 06/01/06
19 4,957,120 Retail-Anchored 07/01/06
18 5,051,244 Retail-Single Tenant 10/01/10
17 5,237,709 MF- Housing 05/01/03
16 5,256,830 Office 05/01/06
15 5,439,032 Hospitality 02/01/11
14 5,459,458 Retail-Anchored 04/01/08
13 5,493,791 MF- Housing 07/01/03
12 5,743,984 Retail-Anchored 07/01/08
11 6,704,632 Hospitality 12/01/10
10 6,787,544 Retail-Anchored 12/31/02
9 6,987,466 MF- Housing 07/01/06
8 6,988,720 Office 07/01/11
7 7,206,711 MF- Housing 12/01/05
6 7,333,071 Retail-Single Tenant 01/01/06
5 8,285,763 Retail-Anchored 01/01/06
4 8,448,972 MF- Housing 11/30/02
3 9,391,985 Mobile Home Park 08/01/03
2 10,400,000 Office 09/01/03
1 17,769,582 MF- Housing 07/01/01
- --- ----------- -------------------- --------
371,143,879
===========
Page - 19
<PAGE>
<TABLE>
<CAPTION>
Operating
Disclosure Statement
Control # DSCR (1) NOI (1) Date
<S> <C> <C> <C>
143 0.525 79,540 12/31/94
142 2.217 170,587 12/31/93
141 1.489 95,038 12/31/95
140 1.637 105,142 12/31/95
139 1.515 105,086 12/31/95
138 1.497 100,835 12/31/95
137 1.300 100,815 09/01/96
136 1.589 122,540 09/01/96
135 1.589 123,261 09/01/96
134 1.589 126,469 09/01/96
133 2.313 202,219 09/01/96
132 1.589 143,907 09/01/96
131 1.589 144,842 09/01/96
130 1.589 145,625 09/01/96
129 1.696 154,921 12/31/95
128 1.627 151,900 09/01/96
127 0.400 101,067 12/31/94
126 1.589 149,867 09/01/96
125 1.425 131,522 12/31/95
124 1.828 189,016 12/31/95
123 1.387 129,334 12/31/95
122 1.955 184,620 12/31/95
121 1.534 161,500 12/31/95
120 1.731 164,429 12/31/95
119 1.648 192,717 12/31/95
118 1.451 137,625 12/31/95
117 1.673 173,686 12/31/95
116 1.465 153,194 12/31/95
115 2.563 249,940 12/31/95
114 1.950 209,814 09/01/96
113 1.479 152,812 09/01/96
112 1.996 219,751 12/31/95
111 1.817 204,225 12/31/95
110 1.429 157,536 12/31/95
109 1.280 156,933 12/31/95
108 1.724 204,354 12/31/95
107 1.700 204,169 12/31/95
106 1.291 150,418 12/31/95
105 1.256 167,986 12/31/95
104 1.866 188,265 12/31/95
103 0.723 110,133 12/31/95
102 1.751 202,396 12/31/95
101 1.890 239,295 09/01/96
100 1.792 211,535 12/31/95
99 1.003 129,704 12/31/94
98 1.589 215,023 09/01/96
97 2.241 289,642 12/31/95
96 1.529 190,889 12/31/95
95 1.392 169,679 12/31/94
94 1.499 206,802 09/01/96
93 1.589 230,540 09/01/96
92 1.589 231,555 09/01/96
91 1.630 232,089 12/31/95
90 2.297 339,692 12/31/95
89 1.529 219,599 12/31/95
88 1.430 203,321 12/31/95
<FN>
(1) NOI and DSCR, if available and reportable under the terms of the
trust agreement, are based on information obtained from the related
borrower, and no other party to the agreement shall be held liable
for the accuracy or methodology used to determine such figures.
</FN>
</TABLE>
Page - 20
<PAGE>
<TABLE>
<CAPTION>
Operating
Disclosure Statement
Control # DSCR (1) NOI (1) Date
<S> <C> <C> <C>
87 1.894 301,274 12/31/95
86 1.813 261,285 12/31/95
85 1.616 248,441 12/31/95
84 1.524 242,468 12/31/95
83 1.843 241,556 12/31/95
82 1.605 286,391 12/31/95
81 1.642 279,091 12/31/95
80 1.485 244,812 12/31/95
79 1.308 210,633 12/31/95
78 1.537 246,968 12/31/95
77 2.128 310,549 12/31/95
76 1.549 263,406 12/31/95
75 1.598 288,468 12/31/95
74 1.841 311,999 12/31/95
73 1.408 237,613 12/31/95
72 1.238 250,770 09/01/96
71 1.547 249,645 12/31/95
70 1.715 314,440 12/31/95
69 1.303 239,609 12/31/95
68 0.951 169,129 12/31/95
67 1.484 273,506 12/31/95
66 1.488 263,249 12/31/95
65 1.617 316,776 02/29/96
64 1.662 338,666 12/31/95
63 1.311 281,490 12/31/95
62 1.739 362,819 12/31/95
61 1.406 274,183 12/31/95
60 1.560 357,627 12/31/95
59 1.420 319,224 12/31/94
58 1.368 450,404 12/31/95
57 1.358 326,300 12/31/95
56 1.447 342,290 12/31/95
55 1.119 280,211 12/31/95
54 1.370 302,318 12/31/95
53 2.744 753,275 12/31/95
52 1.819 470,876 12/31/95
51 2.419 538,497 12/31/95
50 1.464 460,710 12/31/95
49 1.994 454,610 12/31/95
48 1.826 507,651 12/31/95
47 2.019 587,289 12/31/95
46 1.394 367,140 12/31/95
45 1.229 334,449 10/31/95
44 1.565 459,157 12/31/95
43 1.354 501,465 12/31/95
42 1.542 539,086 12/31/95
41 1.420 451,656 12/31/95
40 1.313 404,060 12/31/95
39 1.942 570,607 12/31/95
38 2.526 864,097 12/31/95
37 0.371 146,547 12/31/95
36 1.425 464,964 12/31/95
35 1.253 416,481 12/31/95
34 1.731 589,837 12/31/95
33 1.982 714,772 12/31/95
32 1.203 427,764 12/31/95
31 1.428 519,264 12/31/95
30 1.354 493,878 12/31/95
29 1.609 630,549 12/31/95
28 1.246 473,834 12/31/95
27 1.196 486,085 12/31/95
26 1.392 564,447 02/29/96
25 2.303 975,953 12/31/95
<FN>
(1) NOI and DSCR, if available and reportable under the terms of the
trust agreement, are based on information obtained from the related
borrower, and no other party to the agreement shall be held liable
for the accuracy or methodology used to determine such figures.
</FN>
</TABLE>
Page - 21
<PAGE>
<TABLE>
<CAPTION>
Operating
Disclosure Statement
Control # DSCR (1) NOI (1) Date
<S> <C> <C> <C>
24 1.043 411,237 12/31/95
23 1.404 565,464 12/31/95
22 0.920 415,979 12/31/95
21 1.466 688,928 12/31/95
20 1.740 886,178 12/31/95
19 1.038 549,623 12/31/95
18 1.384 733,489 09/01/96
17 1.335 659,803 12/31/95
16 1.507 819,088 12/31/95
15 2.020 1,176,471 12/31/95
14 1.000 N/A 12/31/95
13 1.722 903,048 12/31/95
12 1.238 727,590 12/31/95
11 1.927 1,406,936 12/31/95
10 1.292 794,247 12/31/95
9 1.372 966,841 12/31/95
8 1.000 741,510 09/01/96
7 1.400 910,155 12/31/95
6 1.328 965,274 09/01/96
5 1.474 1,209,636 09/01/96
4 1.704 1,295,267 12/31/95
3 1.454 1,407,000 12/31/95
2 1.556 1,691,446 06/30/96
1 1.342 2,260,558 12/31/95
- --- ----------- ----------- --------
- -- -- 56,671,779 --
===========
<FN>
(1) NOI and DSCR, if available and reportable under the terms of the
trust agreement, are based on information obtained from the related
borrower, and no other party to the agreement shall be held liable
for the accuracy or methodology used to determine such figures.
</FN>
</TABLE>
Page - 22
<PAGE>
Ending
Disclosure Principal Note Scheduled
Control # Balance Rate P&I
143 524,125 9.600% 8,339
142 559,746 9.900% 6,412
141 562,831 9.620% 5,320
140 607,699 9.250% 5,352
139 656,315 9.250% 5,781
138 663,953 9.375% 5,614
137 712,500 9.360% 5,558
136 720,709 8.700% 6,428
135 724,947 8.700% 6,466
134 743,817 8.700% 6,634
133 843,002 9.300% 7,286
132 846,377 8.700% 7,549
131 851,881 8.700% 7,598
130 856,476 8.700% 7,639
129 859,698 9.630% 7,614
128 872,523 8.700% 7,782
127 873,542 9.600% 13,898
126 881,435 8.700% 7,862
125 915,801 8.950% 7,689
124 919,012 8.750% 8,616
123 925,755 8.950% 7,773
122 928,527 9.090% 7,870
121 932,065 9.580% 8,774
120 943,843 8.910% 7,914
119 963,341 9.330% 9,744
118 966,365 8.580% 7,904
117 972,852 9.375% 8,650
116 987,581 9.590% 8,712
115 990,131 9.000% 8,127
114 997,654 9.830% 8,967
113 1,042,981 8.720% 8,611
112 1,046,514 9.500% 9,174
111 1,047,507 9.760% 9,364
110 1,098,895 9.420% 9,185
109 1,098,445 9.450% 10,218
108 1,102,390 9.790% 9,878
107 1,130,255 9.640% 10,009
106 1,131,419 8.180% 9,706
105 1,135,981 8.750% 11,149
104 1,144,445 7.960% 8,406
103 1,185,678 9.160% 12,700
102 1,189,164 8.460% 9,630
101 1,220,483 9.300% 10,549
100 1,238,288 8.230% 9,839
99 1,244,140 8.950% 10,772
98 1,264,642 8.700% 11,279
97 1,269,320 8.750% 10,770
96 1,288,205 8.430% 10,407
95 1,308,298 8.510% 10,159
94 1,330,559 9.300% 11,500
93 1,355,904 8.700% 12,093
92 1,361,869 8.700% 12,147
91 1,374,477 9.320% 11,868
90 1,390,628 9.650% 12,325
89 1,407,005 9.120% 11,966
88 1,417,087 8.890% 11,851
87 1,422,460 9.370% 13,255
86 1,427,136 8.970% 12,013
85 1,446,487 9.640% 12,810
84 1,451,538 9.110% 13,262
83 1,472,154 8.050% 10,921
82 1,469,839 9.330% 14,868
81 1,476,191 10.500% 14,163
Page - 23
<PAGE>
Ending
Disclosure Principal Note Scheduled
Control # Balance Rate P&I
80 1,488,954 9.250% 13,738
79 1,497,651 9.800% 13,420
78 1,544,732 9.360% 13,392
77 1,565,993 8.510% 12,160
76 1,577,170 8.780% 14,170
75 1,591,041 9.620% 15,040
74 1,656,113 9.130% 14,121
73 1,678,849 8.930% 14,060
72 1,709,369 9.360% 14,845
71 1,788,017 8.190% 13,447
70 1,793,654 9.140% 15,278
69 1,795,290 9.180% 15,328
68 1,797,185 9.260% 14,821
67 1,810,187 9.100% 15,356
66 1,861,269 8.800% 14,743
65 1,895,119 9.290% 16,324
64 2,029,179 9.250% 16,978
63 2,031,882 9.560% 17,896
62 2,040,916 9.130% 17,386
61 2,084,306 8.030% 16,250
60 2,176,003 9.875% 19,104
59 2,192,295 9.180% 18,734
58 2,282,036 11.437% 27,437
57 2,289,288 9.480% 20,019
56 2,294,061 9.260% 19,713
55 2,323,129 8.850% 20,873
54 2,383,294 8.460% 18,386
53 2,396,765 9.820% 22,875
52 2,462,409 9.800% 21,571
51 2,490,010 8.120% 18,554
50 2,530,065 9.240% 26,229
49 2,549,770 8.120% 18,999
48 2,548,531 9.080% 23,165
47 2,588,957 9.500% 24,235
46 2,593,071 9.070% 21,944
45 2,783,618 8.570% 22,679
44 2,827,777 9.340% 24,455
43 2,976,547 9.240% 30,858
42 3,082,642 9.620% 29,139
41 3,171,312 8.920% 26,512
40 3,270,283 8.675% 25,644
39 3,286,814 8.120% 24,491
38 3,303,620 9.300% 28,504
37 3,331,090 8.210% 32,906
36 3,372,631 8.420% 27,195
35 3,404,497 9.110% 27,708
34 3,479,590 8.590% 28,396
33 3,490,993 9.280% 30,046
32 3,537,042 8.930% 29,621
31 3,611,812 8.950% 30,297
30 3,615,211 8.990% 30,396
29 3,641,392 9.800% 32,654
28 3,877,331 8.610% 31,693
27 3,883,531 9.420% 33,858
26 3,931,822 9.260% 33,786
25 3,966,429 9.630% 35,310
Page - 24
<PAGE>
Ending
Disclosure Principal Note Scheduled
Control # Balance Rate P&I
24 4,040,244 8.560% 32,857
23 4,311,667 8.540% 33,571
22 4,317,840 9.470% 37,697
21 4,409,363 9.680% 39,172
20 4,883,429 9.390% 42,437
19 4,953,132 9.720% 44,141
18 5,046,600 9.390% 44,169
17 5,234,581 8.720% 41,189
16 5,252,200 9.280% 45,283
15 5,430,067 8.730% 48,534
14 5,438,765 12.350% 76,880
13 5,490,652 8.860% 43,701
12 5,738,919 9.170% 48,959
11 6,693,638 8.920% 60,832
10 6,779,512 7.640% 51,246
9 6,981,128 9.000% 58,744
8 6,983,012 9.630% 61,793
7 7,201,735 8.190% 54,161
6 7,324,437 8.500% 60,578
5 8,277,469 8.700% 68,366
4 8,443,107 8.163% 63,339
3 9,383,909 9.270% 80,630
2 10,391,411 9.460% 90,575
1 17,759,261 8.780% 140,335
- --- ----------- ------ ---------
370,743,511 3,202,643
=========== =========
Page - 25
<PAGE>
<TABLE>
<CAPTION>
Disclosure Prepayment
Control # Prepayment Date
<S> <C> <C>
143 -- --
142 -- --
141 -- --
140 -- --
139 -- --
138 -- --
137 -- --
136 -- --
135 -- --
134 -- --
133 -- --
132 -- --
131 -- --
130 -- --
129 -- --
128 -- --
127 -- --
126 -- --
125 -- --
124 -- --
123 -- --
122 -- --
121 -- --
120 -- --
119 -- --
118 -- --
117 -- --
116 -- --
115 -- --
114 -- --
113 -- --
112 -- --
111 -- --
110 -- --
109 -- --
108 -- --
107 -- --
106 -- --
105 -- --
104 -- --
103 -- --
102 -- --
101 -- --
100 -- --
99 -- --
98 -- --
<FN>
(1) Legend:
A. P&I Adv - in Grace Period
B. P&I Adv - less one month delinq
1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months
3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I
5. Prepaid in Full
6. Specially Serviced
7. Foreclosure
8. Bankruptcy
9. REO
10. DPO
11. Modification
</FN>
</TABLE>
Page - 26
<PAGE>
<TABLE>
<CAPTION>
Disclosure Prepayment
Control # Prepayment Date
<S> <C> <C>
97 -- --
96 -- --
95 -- --
94 -- --
93 -- --
92 -- --
91 -- --
90 -- --
89 -- --
88 -- --
87 -- --
86 -- --
85 -- --
84 -- --
83 -- --
82 -- --
81 -- --
80 -- --
79 -- --
78 -- --
77 -- --
76 -- --
75 -- --
74 -- --
73 -- --
72 -- --
71 -- --
70 -- --
69 -- --
68 -- --
67 -- --
66 -- --
65 -- --
64 -- --
63 -- --
62 -- --
61 -- --
60 -- --
59 -- --
58 -- --
57 -- --
56 -- --
55 -- --
54 -- --
53 -- --
52 -- --
51 -- --
50 -- --
49 -- --
48 -- --
47 -- --
46 -- --
45 -- --
44 -- --
43 -- --
<FN>
(1) Legend:
A. P&I Adv - in Grace Period
B. P&I Adv - less one month delinq
1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months
3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I
5. Prepaid in Full
6. Specially Serviced
7. Foreclosure
8. Bankruptcy
9. REO
10. DPO
11. Modification
</FN>
</TABLE>
Page - 27
<PAGE>
<TABLE>
<CAPTION>
Disclosure Prepayment
Control # Prepayment Date
<S> <C> <C>
42 -- --
41 -- --
40 -- --
39 -- --
38 -- --
37 -- --
36 -- --
35 -- --
34 -- --
33 -- --
32 -- --
31 -- --
30 -- --
29 -- --
28 -- --
27 -- --
26 -- --
25 -- --
24 -- --
23 -- --
22 -- --
21 -- --
20 -- --
19 -- --
18 -- --
17 -- --
16 -- --
15 -- --
14 -- --
13 -- --
12 -- --
11 -- --
10 -- --
9 -- --
8 -- --
7 -- --
6 -- --
5 -- --
4 -- --
3 -- --
2 -- --
1 -- --
<FN>
(1) Legend:
A. P&I Adv - in Grace Period
B. P&I Adv - less one month delinq
1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months
3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I
5. Prepaid in Full
6. Specially Serviced
7. Foreclosure
8. Bankruptcy
9. REO
10. DPO
11. Modification
</FN>
</TABLE>
Page - 28
<PAGE>
Midland Realty Acceptance Corp.
Midland Loan Services, L.P. as Servicer and Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C1
ABN AMRO Acct: 67-7617-409
SPECIALLY SERVICED LOAN DETAIL
Beginning
Disclosure Scheduled Interest
Control # Balance Rate
Disclosure Maturity Property
Control # Date Type
<TABLE>
<CAPTION>
Specially
Disclosure Serviced
Control # Status Code (1) Comments
<S> <C> <C>
0 0
0 0
<FN>
Legend :
1) Request for waiver of Prepayment Penalty
2) Payment default
3) Request for Loan Modification or Workout
4) Loan with Borrower Bankruptcy
5) Loan in Process of Foreclosure
6) Loan now REO Property
7) Loans Paid Off
8) Loans Returned to Master Servicer
</FN>
</TABLE>
Page - 29
<PAGE>
Midland Loan Services, L.P. as Servicer and Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C1
ABN AMRO Acct: 67-7617-409
MODIFIED LOAN DETAIL
Disclosure Modification Modification
Control # Date Description
REALIZED LOSS DETAIL
Dist. Disclosure Appraisal Appraisal
Date Control # Date Value
Beginning Gross Proceeds
Dist. Scheduled Gross as a % of
Date Balance Proceeds Sched Principal
<TABLE>
<CAPTION>
Aggregate Net Net Proceeds
Dist. Liquidation Liquidation as a % of Realized
Date Expenses (1) Proceeds Sched. Balance Loss
<S> <C> <C> <C> <C>
<FN>
(1) Aggregate liquidation expenses also include outstanding P&I advances
and unpaid servicing fees, unpaid trustee fees, etc..
</FN>
</TABLE>
Page - 30
<TABLE>
MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
LOAN PORTFOLIO ANALYSIS SYSTEM - LOAN STATUS
PORTFOLIO: MIDLAND REALTY ACCEPT CORP SER 1996 C1
REPORTING PERIOD: OCTOBER, 1996
DATE PRINTED: 04-NOV-96
<CAPTION>
CURRENT
ASSET PRINCIPAL DAYS ENVIRON
NO BALANCE DELINQ LTV DSCR ISSUES ASSET STATUS RESOLUTION TYPE
<S> <C> <C> <C> <C> <C> <C> <C>
001 17,759,261 0 78.9% 1.34 N/A PERFORMING PERFORM TO MATURITY
002 10,391,411 0 65.4% 1.55 N/A PERFORMING PERFORM TO MATURITY
003 9,383,909 0 56.9% 1.45 N/A PERFORMING PERFORM TO MATURITY
004 8,443,107 0 73.4% 1.70 N/A PERFORMING PERFORM TO MATURITY
005 8,285,763 16 N/A 1.47 N/A PERFORMING N/A
006 7,333,071 16 N/A 1.32 N/A PERFORMING N/A
007 7,201,735 0 74.6% 1.40 N/A PERFORMING PERFORM TO MATURITY
008 6,983,012 0 65.3% 1.00 N/A PERFORMING PERFORM TO MATURITY
009 6,981,128 0 71.4% 1.37 N/A PERFORMING PERFORM TO MATURITY
010 6,779,512 0 73.7% 1.29 N/A PERFORMING PERFORM TO MATURITY
011 6,704,632 0 68.4% 1.92 N/A PERFORMING PERFORM TO MATURITY
012 5,738,919 0 74.5% 1.23 N/A PERFORMING PERFORM TO MATURITY
013 5,490,652 0 63.8% 1.72 N/A PERFORMING PERFORM TO MATURITY
014 5,438,765 -15 70.0% 0.00 N/A PERFORMING PERFORM TO MATURITY
015 5,439,032 0 60.4% 2.02 N/A PERFORMING PERFORM TO MATURITY
016 5,252,200 0 72.9% 1.50 N/A PERFORMING PERFORM TO MATURITY
017 5,234,581 0 77.0% 1.33 N/A PERFORMING PERFORM TO MATURITY
018 5,046,600 0 65.5% 1.38 N/A PERFORMING PERFORM TO MATURITY
019 4,953,132 0 73.4% 1.03 N/A PERFORMING PERFORM TO MATURITY
020 4,883,429 0 77.9% 1.74 N/A PERFORMING PERFORM TO MATURITY
021 4,409,363 0 65.8% 1.46 N/A PERFORMING PERFORM TO MATURITY
022 4,317,840 0 71.3% 0.91 N/A PERFORMING PERFORM TO MATURITY
023 4,311,667 0 70.7% 1.40 N/A PERFORMING PERFORM TO MATURITY
024 4,040,244 0 67.3% 1.04 N/A PERFORMING PERFORM TO MATURITY
025 3,966,429 0 68.4% 2.30 N/A PERFORMING PERFORM TO MATURITY
026 3,931,822 0 70.8% 1.39 N/A PERFORMING PERFORM TO MATURITY
027 3,883,531 0 69.3% 1.19 N/A PERFORMING PERFORM TO MATURITY
028 3,877,331 0 66.9% 1.24 N/A PERFORMING PERFORM TO MATURITY
029 3,641,392 0 56.0% 1.60 N/A PERFORMING PERFORM TO MATURITY
030 3,615,211 0 73.8% 1.35 N/A PERFORMING PERFORM TO MATURITY
031 3,611,812 0 70.5% 1.42 N/A PERFORMING PERFORM TO MATURITY
032 3,537,042 0 72.9% 1.20 N/A PERFORMING PERFORM TO MATURITY
033 3,490,993 0 34.5% 1.98 N/A PERFORMING PERFORM TO MATURITY
034 3,479,590 0 65.5% 1.73 N/A PERFORMING PERFORM TO MATURITY
035 3,404,497 0 72.1% 1.25 N/A PERFORMING PERFORM TO MATURITY
036 3,372,631 0 74.1% 1.42 N/A PERFORMING PERFORM TO MATURITY
037 3,331,090 0 72.4% 0.37 N/A PERFORMING PERFORM TO MATURITY
038 3,303,620 0 54.2% 2.52 N/A PERFORMING PERFORM TO MATURITY
039 3,286,814 0 60.9% 1.94 N/A PERFORMING PERFORM TO MATURITY
040 3,270,283 0 68.8% 1.31 N/A PERFORMING PERFORM TO MATURITY
041 3,171,312 0 72.9% 1.41 N/A PERFORMING PERFORM TO MATURITY
042 3,078,215 0 62.2% 1.54 N/A PERFORMING PERFORM TO MATURITY
043 2,976,547 0 63.3% 1.35 N/A PERFORMING PERFORM TO MATURITY
044 2,827,777 0 73.4% 1.56 N/A PERFORMING PERFORM TO MATURITY
045 2,783,618 0 69.6% 1.22 N/A PERFORMING PERFORM TO MATURITY
046 2,593,071 0 68.7% 1.39 N/A PERFORMING PERFORM TO MATURITY
047 2,588,957 0 61.6% 2.01 N/A PERFORMING PERFORM TO MATURITY
048 2,548,531 0 61.3% 1.82 N/A PERFORMING PERFORM TO MATURITY
049 2,549,770 0 67.1% 1.99 N/A PERFORMING PERFORM TO MATURITY
050 2,536,761 0 54.0% 1.46 N/A PERFORMING PERFORM TO MATURITY
051 2,490,010 0 42.2% 2.41 N/A PERFORMING PERFORM TO MATURITY
052 2,462,409 0 67.3% 1.81 N/A PERFORMING PERFORM TO MATURITY
053 2,396,765 0 64.8% 2.74 N/A PERFORMING PERFORM TO MATURITY
054 2,383,294 0 68.9% 1.37 N/A PERFORMING PERFORM TO MATURITY
055 2,323,129 0 69.3% 1.11 N/A PERFORMING PERFORM TO MATURITY
056 2,294,061 0 74.7% 1.44 N/A PERFORMING PERFORM TO MATURITY
057 2,289,288 0 71.5% 1.35 N/A PERFORMING PERFORM TO MATURITY
058 2,287,670 16 49.7% 1.36 N/A PERFORMING N/A
059 2,192,295 0 70.3% 1.41 N/A PERFORMING PERFORM TO MATURITY
060 2,176,003 0 65.0% 1.56 N/A PERFORMING PERFORM TO MATURITY
061 2,084,306 0 64.1% 1.40 N/A PERFORMING PERFORM TO MATURITY
062 2,040,916 0 66.9% 1.73 N/A PERFORMING PERFORM TO MATURITY
063 2,031,882 0 63.5% 1.31 N/A PERFORMING PERFORM TO MATURITY
064 2,029,179 0 67.6% 1.66 N/A PERFORMING PERFORM TO MATURITY
</TABLE>
Page - 31
<PAGE>
<TABLE>
<CAPTION>
CURRENT
ASSET PRINCIPAL DAYS ENVIRON
NO BALANCE DELINQ LTV DSCR ISSUES ASSET STATUS RESOLUTION TYPE
<S> <C> <C> <C> <C> <C> <C> <C>
065 1,895,119 0 70.5% 1.61 N/A PERFORMING PERFORM TO MATURITY
066 1,861,269 0 67.7% 1.48 N/A PERFORMING PERFORM TO MATURITY
067 1,810,187 0 74.8% 1.48 N/A PERFORMING PERFORM TO MATURITY
068 1,797,185 0 71.9% 0.95 N/A PERFORMING PERFORM TO MATURITY
069 1,795,290 0 67.7% 1.30 N/A PERFORMING PERFORM TO MATURITY
070 1,793,654 0 56.5% 1.71 N/A PERFORMING PERFORM TO MATURITY
071 1,788,017 0 74.5% 1.54 N/A PERFORMING PERFORM TO MATURITY
072 1,709,369 0 74.5% 1.23 N/A PERFORMING PERFORM TO MATURITY
073 1,678,849 0 72.2% 1.40 N/A PERFORMING PERFORM TO MATURITY
074 1,656,113 0 38.4% 1.84 N/A PERFORMING PERFORM TO MATURITY
075 1,588,756 0 61.7% 1.59 N/A PERFORMING PERFORM TO MATURITY
076 1,577,170 0 61.8% 1.54 N/A PERFORMING PERFORM TO MATURITY
077 1,565,993 0 74.6% 2.12 N/A PERFORMING PERFORM TO MATURITY
078 1,544,732 0 67.2% 1.53 N/A PERFORMING PERFORM TO MATURITY
079 1,497,651 0 58.3% 1.30 N/A PERFORMING PERFORM TO MATURITY
080 1,488,954 0 66.2% 1.48 N/A PERFORMING PERFORM TO MATURITY
081 1,476,191 0 64.5% 1.64 N/A PERFORMING PERFORM TO MATURITY
082 1,469,839 0 70.0% 1.60 N/A PERFORMING PERFORM TO MATURITY
083 1,472,154 0 74.5% 1.84 N/A PERFORMING PERFORM TO MATURITY
084 1,451,538 0 74.4% 1.52 N/A PERFORMING PERFORM TO MATURITY
085 1,446,487 0 72.6% 1.61 N/A PERFORMING PERFORM TO MATURITY
086 1,427,136 0 62.0% 1.81 N/A PERFORMING PERFORM TO MATURITY
087 1,422,460 0 53.7% 1.89 N/A PERFORMING PERFORM TO MATURITY
088 1,417,087 0 74.6% 1.42 N/A PERFORMING PERFORM TO MATURITY
089 1,407,005 0 69.3% 1.52 N/A PERFORMING PERFORM TO MATURITY
090 1,390,628 0 61.8% 2.29 N/A PERFORMING PERFORM TO MATURITY
091 1,374,477 0 63.9% 1.62 N/A PERFORMING PERFORM TO MATURITY
092 1,361,869 0 58.0% 1.58 N/A PERFORMING PERFORM TO MATURITY
093 1,355,904 0 57.7% 1.58 N/A PERFORMING PERFORM TO MATURITY
094 1,330,559 0 66.5% 1.49 N/A PERFORMING PERFORM TO MATURITY
095 1,308,298 0 67.1% 1.39 N/A PERFORMING PERFORM TO MATURITY
096 1,288,205 0 50.7% 1.52 N/A PERFORMING PERFORM TO MATURITY
097 1,269,320 0 69.9% 2.24 N/A PERFORMING PERFORM TO MATURITY
098 1,264,642 0 60.8% 1.58 N/A PERFORMING PERFORM TO MATURITY
099 1,244,140 0 74.1% 1.00 N/A PERFORMING PERFORM TO MATURITY
100 1,238,288 0 67.7% 1.79 N/A PERFORMING PERFORM TO MATURITY
101 1,220,483 0 52.5% 1.89 N/A PERFORMING PERFORM TO MATURITY
102 1,189,164 0 65.2% 1.75 N/A PERFORMING PERFORM TO MATURITY
103 1,185,678 0 69.7% 0.72 N/A PERFORMING PERFORM TO MATURITY
104 1,144,445 0 71.5% 1.86 N/A PERFORMING PERFORM TO MATURITY
105 1,135,981 0 70.1% 1.25 N/A PERFORMING PERFORM TO MATURITY
106 1,131,419 0 73.0% 1.29 N/A PERFORMING PERFORM TO MATURITY
107 1,130,255 0 53.8% 1.69 N/A PERFORMING PERFORM TO MATURITY
108 1,102,390 0 50.8% 1.72 N/A PERFORMING PERFORM TO MATURITY
109 1,098,445 0 63.9% 1.27 N/A PERFORMING PERFORM TO MATURITY
110 1,098,895 0 70.9% 1.42 N/A PERFORMING PERFORM TO MATURITY
111 1,047,507 0 64.7% 1.81 N/A PERFORMING PERFORM TO MATURITY
112 1,046,514 0 42.7% 1.99 N/A PERFORMING PERFORM TO MATURITY
113 1,042,981 0 74.0% 1.47 N/A PERFORMING PERFORM TO MATURITY
114 997,654 0 53.9% 1.94 N/A PERFORMING PERFORM TO MATURITY
115 990,131 0 68.3% 2.56 N/A PERFORMING PERFORM TO MATURITY
116 987,581 0 61.7% 1.46 N/A PERFORMING PERFORM TO MATURITY
117 972,852 0 67.8% 1.67 N/A PERFORMING PERFORM TO MATURITY
118 966,365 0 60.4% 1.45 N/A PERFORMING PERFORM TO MATURITY
119 963,341 0 66.4% 1.64 N/A PERFORMING PERFORM TO MATURITY
120 943,843 0 62.9% 1.73 N/A PERFORMING PERFORM TO MATURITY
121 932,065 0 71.7% 1.53 N/A PERFORMING PERFORM TO MATURITY
122 928,527 0 64.0% 1.95 N/A PERFORMING PERFORM TO MATURITY
123 925,755 0 57.1% 1.38 N/A PERFORMING PERFORM TO MATURITY
124 919,012 0 73.5% 1.82 N/A PERFORMING PERFORM TO MATURITY
125 915,801 0 57.6% 1.42 N/A PERFORMING PERFORM TO MATURITY
126 881,435 0 61.6% 1.58 N/A PERFORMING PERFORM TO MATURITY
127 880,492 0 43.2% 0.39 N/A PERFORMING PERFORM TO MATURITY
128 872,523 0 51.3% 1.62 N/A PERFORMING PERFORM TO MATURITY
129 858,983 0 73.4% 1.69 N/A PERFORMING PERFORM TO MATURITY
130 856,476 0 53.5% 1.58 N/A PERFORMING PERFORM TO MATURITY
131 851,881 0 53.2% 1.58 N/A PERFORMING PERFORM TO MATURITY
132 846,377 0 69.1% 1.58 N/A PERFORMING PERFORM TO MATURITY
133 843,002 0 43.8% 2.31 N/A PERFORMING PERFORM TO MATURITY
134 743,817 0 55.5% 1.58 N/A PERFORMING PERFORM TO MATURITY
</TABLE>
Page - 32
<PAGE>
<TABLE>
<CAPTION>
CURRENT
ASSET PRINCIPAL DAYS ENVIRON
NO BALANCE DELINQ LTV DSCR ISSUES ASSET STATUS RESOLUTION TYPE
<S> <C> <C> <C> <C> <C> <C> <C>
135 724,947 0 58.5% 1.58 N/A PERFORMING PERFORM TO MATURITY
136 720,709 0 54.4% 1.58 N/A PERFORMING PERFORM TO MATURITY
137 711,902 0 74.9% N/A N/A PERFORMING PERFORM TO MATURITY
138 663,953 0 75.1% 1.49 N/A PERFORMING PERFORM TO MATURITY
139 656,315 0 62.5% 1.51 N/A PERFORMING PERFORM TO MATURITY
140 607,699 0 64.0% 1.63 N/A PERFORMING PERFORM TO MATURITY
141 562,831 0 63.6% 1.48 N/A PERFORMING PERFORM TO MATURITY
142 559,746 0 28.8% 2.21 N/A PERFORMING PERFORM TO MATURITY
143 528,296 0 54.1% 0.52 N/A PERFORMING PERFORM TO MATURITY
- -- ----------- -- ------ ---- ---- ------------------------- ------------------------------
TOTAL 370,795,825
===========
</TABLE>
Page - 33
<PAGE>
<TABLE>
MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
LOAN PORTFOLIO ANALYSIS SYSTEM - LOAN TERMS
PORTFOLIO: MIDLAND REALTY ACCEPT CORP SER 1996 C1
REPORTING PERIOD: OCTOBER, 1996
DATE PRINTED: 04-NOV-96
<CAPTION>
REMAIN
CURRENT ORIG LOAN INT
ASSET PRINCIPAL NOTE LOAN AMORT TERM IN INT RATE
NO BALANCE DATE DATE MONTHS RATE TYPE PAYMENT
<S> <C> <C> <C> <C> <C> <C> <C>
001 17,759,261 6/25/96 7/1/2026 57 8.780% F 140,335
002 10,391,411 8/21/96 9/1/2021 83 9.460% F 90,575
003 9,383,909 7/15/96 8/1/2021 82 9.270% F 80,630
004 8,443,107 11/22/95 12/1/2025 73 8.163% F 63,339
005 8,285,763 12/6/95 1/1/2021 111 8.700% F 68,366
006 7,333,071 12/6/95 9/1/2019 111 8.500% F 60,578
007 7,201,735 10/19/95 12/1/2025 110 8.190% F 54,161
008 6,983,012 6/27/96 7/1/2021 177 9.630% F 61,793
009 6,981,128 6/27/96 7/1/2021 117 9.000% F 58,744
010 6,779,512 12/12/95 1/1/2021 74 7.640% F 51,246
011 6,704,632 12/1/95 12/1/2015 170 8.920% F 60,832
012 5,738,919 6/20/96 7/1/2021 141 9.170% F 48,959
013 5,490,652 6/18/96 7/1/2026 81 8.860% F 43,701
014 5,438,765 10/1/93 4/1/08 138 12.350% F 76,880
015 5,439,032 1/30/96 2/1/2016 172 8.730% F 48,534
016 5,252,200 4/18/96 5/1/2021 115 9.280% F 45,283
017 5,234,581 4/16/96 5/1/2026 79 8.720% F 41,189
018 5,046,600 9/29/95 10/1/2020 168 9.390% F 44,169
019 4,953,132 6/11/96 7/1/2021 117 9.720% F 44,141
020 4,883,429 5/31/96 6/1/2021 116 9.390% F 42,437
021 4,409,363 6/28/96 7/1/2021 117 9.680% F 39,172
022 4,317,840 6/28/96 8/1/2021 142 9.470% F 37,697
023 4,311,667 7/10/95 8/1/2025 106 8.540% F 33,571
024 4,040,244 4/4/96 5/1/2021 115 8.560% F 32,857
025 3,966,429 9/22/95 10/1/2020 108 9.630% F 35,310
026 3,931,822 6/26/96 7/1/2021 117 9.260% F 33,786
027 3,883,531 4/8/96 5/1/2021 115 9.420% F 33,858
028 3,877,331 3/4/96 4/1/2021 138 8.610% F 31,693
029 3,641,392 6/20/96 7/1/2021 117 9.800% F 32,654
030 3,615,211 6/27/96 7/1/2021 117 8.990% F 30,396
031 3,611,812 5/20/96 6/1/2021 116 8.950% F 30,297
032 3,537,042 5/6/96 6/1/2021 115 8.930% F 29,621
033 3,490,993 6/28/96 7/1/2021 177 9.280% F 30,046
034 3,479,590 3/26/96 4/1/2021 114 8.590% F 28,396
035 3,404,497 6/26/96 7/1/2026 81 9.110% F 27,708
036 3,372,631 1/30/96 2/1/2021 112 8.420% F 27,195
037 3,331,090 2/5/96 3/1/2011 173 8.210% F 32,906
038 3,303,620 5/30/96 6/1/2021 176 9.300% F 28,504
039 3,286,814 3/21/96 4/1/2026 114 8.120% F 24,491
040 3,270,283 3/21/96 4/1/2026 114 8.675% F 25,644
041 3,171,312 6/27/96 7/1/2021 117 8.920% F 26,512
042 3,078,215 5/14/96 6/1/2016 176 9.620% F 29,139
043 2,976,547 6/27/96 7/1/2011 177 9.240% F 30,858
044 2,827,777 6/25/96 7/1/2021 117 9.340% F 24,455
045 2,783,618 3/29/96 4/1/2021 114 8.570% F 22,679
046 2,593,071 6/21/96 7/1/2021 141 9.070% F 21,944
047 2,588,957 6/4/96 7/1/2016 177 9.500% F 24,235
048 2,548,531 6/19/96 7/1/2016 141 9.080% F 23,165
049 2,549,770 3/8/96 4/1/2026 114 8.120% F 18,999
050 2,536,761 6/27/96 7/1/2011 177 9.240% F 26,229
051 2,490,010 3/22/96 4/1/2026 114 8.120% F 18,554
052 2,462,409 4/20/94 5/1/2024 91 9.800% F 21,571
053 2,396,765 8/9/96 9/1/2016 119 9.820% F 22,875
054 2,383,294 10/26/95 11/1/2025 108 8.460% F 18,386
055 2,323,129 3/22/96 4/1/2016 138 8.850% F 20,873
056 2,294,061 6/26/96 7/1/2021 117 9.260% F 19,713
057 2,289,288 6/27/96 7/1/2021 141 9.480% F 20,019
058 2,287,670 4/14/89 5/1/2014 30 11.380% F 24,185
059 2,192,295 5/20/96 6/1/2021 176 9.180% F 18,734
060 2,176,003 11/23/94 12/1/2024 62 9.875% F 19,104
061 2,084,306 2/27/96 3/1/2021 113 8.030% F 16,250
062 2,040,916 4/29/96 5/1/2021 79 9.130% F 17,386
063 2,031,882 5/3/96 6/1/2021 116 9.560% F 17,896
064 2,029,179 4/7/94 5/1/2001 55 9.250% F 16,978
</TABLE>
Page - 34
<PAGE>
<TABLE>
<CAPTION>
REMAIN
CURRENT ORIG LOAN INT
ASSET PRINCIPAL NOTE LOAN AMORT TERM IN INT RATE
NO BALANCE DATE DATE MONTHS RATE TYPE PAYMENT
<S> <C> <C> <C> <C> <C> <C> <C>
065 1,895,119 6/21/96 7/1/2021 177 9.290% F 16,324
066 1,861,269 4/2/96 6/1/2026 80 8.800% F 14,743
067 1,810,187 6/28/96 7/1/2021 141 9.100% F 15,356
068 1,797,185 6/25/96 7/1/2026 177 9.260% F 14,821
069 1,795,290 6/27/96 7/1/2021 117 9.180% F 15,328
070 1,793,654 5/2/96 6/1/2021 176 9.140% F 15,278
071 1,788,017 10/19/95 12/1/2025 110 8.190% F 13,447
072 1,709,369 3/22/96 4/1/2021 138 9.360% F 14,845
073 1,678,849 5/6/96 6/1/2021 115 8.930% F 14,060
074 1,656,113 3/28/96 4/1/2021 138 9.130% F 14,121
075 1,588,756 5/14/96 6/1/2011 176 9.620% F 15,040
076 1,577,170 12/7/95 1/1/2016 171 8.780% F 14,170
077 1,565,993 7/5/95 8/1/2025 71 8.510% F 12,160
078 1,544,732 5/7/96 6/1/2021 80 9.360% F 13,392
079 1,497,651 7/17/96 8/1/2021 118 9.800% F 13,420
080 1,488,954 4/16/96 5/1/2016 139 9.250% F 13,738
081 1,476,191 12/5/94 1/1/2020 63 10.500% F 14,163
082 1,469,839 6/19/96 7/1/2012 189 9.330% F 14,868
083 1,472,154 11/28/95 1/1/2026 63 8.050% F 10,921
084 1,451,538 4/30/96 2/1/2016 115 9.110% F 13,262
085 1,446,487 6/27/96 7/1/2021 141 9.640% F 12,810
086 1,427,136 3/28/96 4/1/2021 138 8.970% F 12,013
087 1,422,460 3/22/96 4/1/2016 114 9.370% F 13,255
088 1,417,087 3/25/96 4/1/2021 113 8.890% F 11,851
089 1,407,005 5/24/96 6/1/2021 140 9.120% F 11,966
090 1,390,628 6/21/96 7/1/2021 117 9.650% F 12,325
091 1,374,477 6/28/96 7/1/2008 141 9.320% F 11,868
092 1,361,869 1/26/96 2/1/2016 112 8.700% F 12,147
093 1,355,904 1/26/96 2/1/2016 112 8.700% F 12,093
094 1,330,559 3/28/96 4/1/2021 174 9.300% F 11,500
095 1,308,298 7/5/95 8/1/2025 71 8.510% F 10,159
096 1,288,205 12/7/95 1/1/2021 110 8.430% F 10,407
097 1,269,320 3/23/94 4/1/2019 54 8.750% F 10,770
098 1,264,642 1/26/96 2/1/2016 112 8.700% F 11,279
099 1,244,140 5/30/96 12/1/2018 176 8.950% F 10,772
100 1,238,288 12/20/95 1/1/2021 171 8.230% F 9,839
101 1,220,483 3/28/96 4/1/2021 174 9.300% F 10,549
102 1,189,164 12/15/95 1/1/2021 111 8.460% F 9,630
103 1,185,678 5/20/96 6/1/2010 164 9.160% F 12,700
104 1,144,445 2/12/96 3/1/2026 77 7.960% F 8,406
105 1,135,981 4/3/96 5/1/2012 187 8.750% F 11,149
106 1,131,419 2/8/96 3/1/2016 113 8.180% F 9,706
107 1,130,255 6/27/96 7/1/2021 117 9.640% F 10,009
108 1,102,390 6/27/96 7/1/2021 141 9.790% F 9,878
109 1,098,445 8/14/96 9/1/2016 179 9.450% F 10,218
110 1,098,895 7/12/96 8/1/2026 118 9.420% F 9,185
111 1,047,507 6/7/96 7/1/2021 141 9.760% F 9,364
112 1,046,514 5/22/96 6/1/2021 140 9.500% F 9,174
113 1,042,981 2/22/96 3/1/2021 137 8.720% F 8,611
114 997,654 6/26/96 7/1/2021 141 9.830% F 8,967
115 990,131 1/31/94 2/1/2024 53 9.000% F 8,127
116 987,581 6/28/96 7/1/2021 117 9.590% F 8,712
117 972,852 4/18/94 5/1/2019 55 9.375% F 8,650
118 966,365 12/20/95 1/1/2021 135 8.580% F 7,904
119 963,341 6/19/96 7/1/2012 189 9.330% F 9,744
120 943,843 2/23/96 3/1/2021 137 8.910% F 7,914
121 932,065 6/28/96 7/1/2016 141 9.580% F 8,774
122 928,527 6/6/96 7/1/2021 117 9.090% F 7,870
123 925,755 4/29/96 5/1/2021 175 8.950% F 7,773
124 919,012 12/3/93 1/1/2014 51 8.750% F 8,616
125 915,801 4/29/96 5/1/2021 175 8.950% F 7,689
126 881,435 1/26/96 2/1/2016 112 8.700% F 7,862
127 880,492 4/15/93 4/15/2008 138 9.600% F 10,529
128 872,523 1/26/96 2/1/2016 112 8.700% F 7,782
129 858,983 5/23/96 6/1/2021 116 9.630% F 7,614
130 856,476 1/26/96 2/1/2016 112 8.700% F 7,639
131 851,881 1/26/96 2/1/2016 112 8.700% F 7,598
132 846,377 1/26/96 2/1/2016 112 8.700% F 7,549
133 843,002 3/28/96 4/1/2021 174 9.300% F 7,286
</TABLE>
Page - 35
<PAGE>
<TABLE>
<CAPTION>
REMAIN
CURRENT ORIG LOAN INT
ASSET PRINCIPAL NOTE LOAN AMORT TERM IN INT RATE
NO BALANCE DATE DATE MONTHS RATE TYPE PAYMENT
<S> <C> <C> <C> <C> <C> <C> <C>
134 743,817 1/26/96 2/1/2016 112 8.700% F 6,634
135 724,947 1/26/96 2/1/2016 112 8.700% F 6,466
136 720,709 1/26/96 2/1/2016 112 8.700% F 6,428
137 711,902 9/10/96 10/1/2021 138 9.360% F 6,156
138 663,953 4/18/94 5/1/2024 55 9.375% F 5,614
139 656,315 4/4/94 5/1/2019 55 9.250% F 5,781
140 607,699 4/4/94 5/1/2019 55 9.250% F 5,352
141 562,831 5/23/96 6/1/2016 116 9.620% F 5,320
142 559,746 9/1/94 9/1/2009 155 9.900% A 6,412
143 528,296 4/15/93 4/15/2008 138 9.600% F 6,318
- -- ----------- -------- --------- --- ------ -- -------
TOTAL 370,795,825
===========
</TABLE>
Page - 36
<PAGE>
<TABLE>
MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
LOAN PORTFOLIO ANALYSIS SYSTEM - PROPERTY DESCRIPTION
PORTFOLIO: MIDLAND REALTY ACCEPT CORP SER 1996 C1
REPORTING PERIOD: OCTOBER, 1996
DATE PRINTED: 04-NOV-96
<CAPTION>
ASSET PROP YEAR PROPERTY VALUATION VALUATION
NO NO PROPERTY TYPE CITY STATE ZIP BUILT UNITS NET SF VALUE DATE SOURCE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
001 1 MULTI-FAMILY LAS VEGAS NV 81901 1984 489 393,039 22,500,000 01/09/96 MAI APPRAISAL
002 1 OFFICE BOSTON MA 02118 1902 N/A 187,143 15,900,000 05/01/96 MAI APPRAISAL
003 1 MANUFACTURED HOU CHICAGO IL 60633 1970 654 N/A 16,500,000 05/23/96 MAI APPRAISAL
004 1 MULTI-FAMILY SAN BERNARDINO CA 92407 1988 304 248,368 11,500,000 08/28/95 MAI APPRAISAL
005 1 RETAIL CAGUAS PR 62500 1995 N/A 98,806 13,400,000 09/26/95 MAI APPRAISAL
006 1 RETAIL CAGUAS PR 62500 1995 N/A 109,800 10,400,000 09/26/95 N/A
007 1 MULTI-FAMILY CHAMPAIGN IL 61820 1965 285 253,840 9,650,000 05/30/95 MAI APPRAISAL
008 1 OFFICE NEW YORK NY 10022 1904 N/A 13,349 10,700,000 05/17/96 MAI APPRAISAL
009 1 MULTI-FAMILY MERRILLVILLE IN 46410 1974 376 N/A 9,780,000 02/14/96 APPRAISAL (NON-
010 1 RETAIL NEWARK NY 14513 1974 N/A 178,248 9,200,000 07/27/95 MAI APPRAISAL
011 1 LODGING KANSAS CITY MO 64112 1927 123 N/A 9,800,000 11/10/95 MAI APPRAISAL
012 1 RETAIL LEBANON PA 17046 1989 N/A 104,092 7,700,000 05/24/96 MAI APPRAISAL
013 1 MULTI-FAMILY GARLAND TX 75042 1983 298 N/A 8,600,000 06/01/96 MAI APPRAISAL
014 1 RETAIL LAS VEGAS NV 89103 1983 N/A 105,245 7,800,000 02/14/95 MAI APPRAISAL
015 1 LODGING CHICAGO IL 60611 1925 172 N/A 9,000,000 11/22/95 MAI APPRAISAL
016 1 MIXED USE WASHINGTON DC 20005 1959 N/A 64,543 7,200,000 03/05/96 MAI APPRAISAL
017 1 MULTI-FAMILY MARINA CA 93933 1986 134 101,580 6,800,000 11/28/95 MAI APPRAISAL
018 1 RETAIL ANTIOCH CA 94509 1989 N/A 90,537 7,700,000 09/12/95 MAI APPRAISAL
019 1 RETAIL DOVER DE 19901 1989 N/A 113,687 6,750,000 05/21/96 MAI APPRAISAL
020 1 OFFICE SOLON OH 44139 1954 N/A 326,480 6,265,000 04/17/96 MAI APPRAISAL
021 1 RETAIL SPRINGFIELD VA 22151 1970 N/A 85,850 6,700,000 05/21/96 MAI APPRAISAL
022 1 RETAIL FOUNTAIN VALLEY CA 92728 1987 N/A 39,600 6,060,000 04/04/96 MAI APPRAISAL
023 1 MULTI-FAMILY KANSAS CITY KS 66103 1968 372 N/A 6,100,000 03/17/95 MAI APPRAISAL
024 1 MULTI-FAMILY LAKELAND FL 33801 1984 126 79,731 6,000,000 02/27/96 MAI APPRAISAL
025 1 HEALTH CARE ESCONDIDO CA 92026 1989 105 32,438 5,800,000 01/01/95 MAI APPRAISAL
026 1 MULTI-FAMILY SYLVANIA OH 43560 1970 210 N/A 5,550,000 05/17/96 MAI APPRAISAL
027 1 MIXED USE TEMPE AZ 85012 1985 N/A 80,854 5,600,000 03/18/96 MAI APPRAISAL
028 1 OFFICE SAN DIEGO CA 92108 1982 N/A 79,956 5,800,000 09/08/95 MAI APPRAISAL
029 1 MIXED USE FONTANA CA 92335 1988 N/A 71,740 6,500,000 05/24/96 MAI APPRAISAL
030 1 MULTI-FAMILY TUCSON AZ 85741 1985 144 N/A 4,900,000 01/10/96 MAI APPRAISAL
031 1 MULTI-FAMILY SYLVANIA OH 43623 1989 87 N/A 5,120,000 04/17/96 MAI APPRAISAL
032 1 RETAIL HINESVILLE GA 31313 1989 N/A 76,123 4,850,000 02/01/96 MAI APPRAISAL
033 1 MULTI-FAMILY PASADENA TX 77505 1972 698 569,612 10,130,000 02/26/96 MAI APPRAISAL
034 1 MULTI-FAMILY STILLWATER OK 74074 1984 140 116,340 3,400,000 02/09/96 MAI APPRAISAL
034 2 MULTI-FAMILY STILLWATER OK 74075 1971 104 77,768 1,910,000 02/09/96 MAI APPRAISAL
035 1 MANUFACTURED HOU PACIFICA CA 94044 1959 93 N/A 4,725,000 04/27/96 MAI APPRAISAL
036 1 RETAIL DELRAY BEACH FL 33483 1982 N/A 45,189 4,550,000 10/25/95 MAI APPRAISAL
037 1 RETAIL AMHERST NY 14221 1984 N/A 84,425 4,600,000 10/13/95 MAI APPRAISAL
038 1 OFFICE RAMSEY NJ 07446 1972 N/A 73,700 6,100,000 04/10/96 MAI APPRAISAL
039 1 MULTI-FAMILY COLUMBUS OH 43232 1983 120 N/A 5,400,000 01/30/96 MAI APPRAISAL
040 1 MULTI-FAMILY INDIANAPOLIS IN 46240 1973 214 N/A 4,750,000 12/21/95 MAI APPRAISAL
041 1 MULTI-FAMILY BATON ROUGE LA 70815 1975 203 N/A 4,350,000 05/09/96 MAI APPRAISAL
042 1 MULTI-FAMILY LOS ALAMOS NM 87544 1970 105 90,373 4,950,000 03/18/96 MAI APPRAISAL
043 1 MULTI-FAMILY HOUSTON TX 77054 1978 264 N/A 4,700,000 05/17/96 MAI APPRAISAL
044 1 MULTI-FAMILY KILLEEN TX 76542 1975 150 N/A 3,850,000 06/08/96 MAI APPRAISAL
045 1 HEALTH CARE WEATHERFORD TX 76086 1989 81 N/A 4,000,000 03/03/96 MAI APPRAISAL
046 1 INDUSTRIAL COLUMBUS OH 43224 1988 N/A 149,900 3,775,000 06/11/96 MAI APPRAISAL
047 1 LODGING OREGON OH 43616 1988 78 N/A 4,200,000 11/02/95 MAI APPRAISAL
048 1 MULTI-FAMILY STILLWATER OK 74074 1983 162 N/A 4,155,000 05/08/96 MAI APPRAISAL
049 1 MULTI-FAMILY BELLEVILLE IL 62220 1984 76 40,698 3,800,000 01/16/96 MAI APPRAISAL
050 1 MULTI-FAMILY HOUSTON TX 77054 1978 256 N/A 4,700,000 05/17/96 MAI APPRAISAL
051 1 MULTI-FAMILY FINDLAY OH 45840 1983 73 N/A 3,300,000 01/23/96 MAI APPRAISAL
051 2 MULTI-FAMILY SPRINGFIELD OH 45503 1983 77 N/A 2,600,000 01/15/96 MAI APPRAISAL
052 1 MULTI-FAMILY WESTMINISTER CO 80209 1973 180 N/A 3,660,000 03/19/94 MAI APPRAISAL
053 1 LODGING WHITEHALL PA 18052 1969 122 69,696 3,700,000 04/24/96 MAI APPRAISAL
054 1 MULTI-FAMILY ESSEXVILLE MI 48732 1976 150 90,750 3,460,000 09/08/95 MAI APPRAISAL
055 1 RETAIL LONG ISLAND CIT NY 11103 1945 N/A 7,100 3,350,000 02/13/96 MAI APPRAISAL
056 1 MULTI-FAMILY TOLEDO OH 43615 1973 100 N/A 3,070,000 05/24/96 MAI APPRAISAL
057 1 MANUFACTURED HOU GREEN RIVER WY 82935 1979 307 N/A 3,200,000 05/30/96 MAI APPRAISAL
058 1 MIXED USE NEW YORK NY 10012 1892 N/A 26,300 4,600,000 05/07/96 MAI APPRAISAL
059 1 MULTI-FAMILY MOORE OK 73160 1984 96 N/A 3,120,000 02/12/96 MAI APPRAISAL
060 1 MULTI-FAMILY PHOENIX AZ 85013 1984 132 113,898 3,350,000 08/16/94 MAI APPRAISAL
</TABLE>
Page - 37
<PAGE>
<TABLE>
<CAPTION>
ASSET PROP YEAR PROPERTY VALUATION VALUATION
NO NO PROPERTY TYPE CITY STATE ZIP BUILT UNITS NET SF VALUE DATE SOURCE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
061 1 MULTI-FAMILY FORT WORTH TX 76120 1985 124 89,280 3,250,000 02/01/96 MAI APPRAISAL
062 1 RETAIL SAGINAW MI 48602 1963 N/A 144,991 3,050,000 11/30/95 MAI APPRAISAL
063 1 RETAIL MERIDIAN ID 83651 1975 N/A 68,652 3,200,000 02/01/96 MAI APPRAISAL
064 1 MULTI-FAMILY TULSA OK 74135 1966 136 92,462 3,000,000 12/29/93 MAI APPRAISAL
065 1 MULTI-FAMILY OKLAHOMA CITY OK 73120 1974 126 132,436 2,690,000 05/22/96 MAI APPRAISAL
066 1 MULTI-FAMILY DALLAS TX 75277 1984 120 88,360 2,750,000 09/12/95 MAI APPRAISAL
067 1 MULTI-FAMILY BEAUMONT TX 77703 1969 122 N/A 2,420,000 06/05/96 MAI APPRAISAL
068 1 MULTI-FAMILY BILLINGS MT 59105 1994 60 N/A 2,500,000 06/15/96 MAI APPRAISAL
069 1 MULTI-FAMILY RICHARDSON TX 75082 1980 88 72,292 2,650,000 06/05/96 MAI APPRAISAL
070 1 MULTI-FAMILY OKLAHOMA CITY OK 73135 1974 224 N/A 3,175,000 03/19/96 MAI APPRAISAL
071 1 MULTI-FAMILY CHAMPAIGN IL 61821 1965 84 67,250 2,400,000 05/30/95 MAI APPRAISAL
072 1 INDUSTRIAL ROSEVILLE MI 48066 1969 N/A 21,700 895,000 02/12/96 MAI APPRAISAL
072 2 INDUSTRIAL ROSEVILLE MI 48066 1972 N/A 43,962 1,400,000 02/12/96 MAI APPRAISAL
073 1 RETAIL POOLER GA 31322 1989 N/A 44,000 2,325,000 02/02/96 MAI APPRAISAL
074 1 OFFICE COLORADO SPRING CO 80918 1982 N/A 22,837 2,878,000 01/17/96 MAI APPRAISAL
074 2 OFFICE COLORADO SPRING CO 80918 1981 N/A 33,278 1,432,000 01/17/96 MAI APPRAISAL
075 1 MULTI-FAMILY LOS ALAMOS NM 87544 1953 76 47,880 2,575,000 03/18/96 MAI APPRAISAL
076 1 WAREHOUSE FALLS CHURCH VA 22041 1986 688 27,566 2,550,000 10/10/95 MAI APPRAISAL
077 1 MULTI-FAMILY PHOENIX AZ 85021 1986 117 86,336 2,100,000 12/05/94 MAI APPRAISAL
078 1 OFFICE HOUSTON TX 77073 1984 N/A 49,640 2,300,000 03/21/96 MAI APPRAISAL
079 1 RETAIL UNIVERSAL CITY TX 78148 1988 N/A 65,287 2,570,000 06/18/96 MAI APPRAISAL
080 1 MANUFACTURED HOU WEST WENDOVER NV 89883 1983 164 N/A 2,250,000 02/12/96 MAI APPRAISAL
081 1 MULTI-FAMILY LAKEWOOD CO 80226 1961 46 33,476 1,300,000 11/11/94 MAI APPRAISAL
081 2 MULTI-FAMILY LITTLETON CO 80120 1961 35 22,309 990,000 11/11/94 MAI APPRAISAL
082 1 OTHER BROOKLYN NY 11228 1927 66 60,000 2,100,000 12/11/95 MAI APPRAISAL
083 1 MULTI-FAMILY DALLAS TX 75219 1972 120 86,044 1,975,000 08/01/95 MAI APPRAISAL
084 1 MULTI-FAMILY DALLAS TX 75228 1956 172 N/A 1,950,000 03/29/96 MAI APPRAISAL
085 1 RETAIL ROSEDA CA 91335 1986 N/A 20,191 1,992,000 05/17/96 MAI APPRAISAL
086 1 MULTI-FAMILY BRYAN TX 77801 1963 60 50,837 1,200,000 03/26/96 MAI APPRAISAL
086 2 MULTI-FAMILY BRYAN TX 77802 1971 48 42,432 1,100,000 03/26/96 MAI APPRAISAL
087 1 MIXED USE COLORADO SPRING CO 80905 1985 338 72,584 2,650,000 10/18/95 MAI APPRAISAL
088 1 RETAIL LIVE OAK FL 32060 1988 N/A 34,425 1,900,000 11/08/95 MAI APPRAISAL
089 1 MULTI-FAMILY FLINT TOWNSHIP MI 48532 1972 99 51,785 2,030,000 03/18/96 MAI APPRAISAL
090 1 OFFICE VIRGINIA BEACH VA 23452 1986 N/A 31,587 2,250,000 04/17/96 MAI APPRAISAL
091 1 MULTI-FAMILY TAMPA FL 33616 1986 112 N/A 2,150,000 05/31/96 MAI APPRAISAL
092 1 RETAIL BRIDGEWATER NJ 08807 1985 N/A 20,656 2,350,000 08/20/95 MAI APPRAISAL
093 1 RETAIL STATEN ISLAND NY 10306 1984 N/A 14,560 2,350,000 08/19/95 MAI APPRAISAL
094 1 RETAIL SEBRING FL 33870 1985 N/A 33,896 2,000,000 03/25/96 MAI APPRAISAL
095 1 MULTI-FAMILY GLENDALE AZ 85301 1984 72 69,786 1,950,000 01/28/95 MAI APPRAISAL
096 1 MULTI-FAMILY COLLEGE PARK GA 30337 1971 124 134,900 2,540,000 09/28/95 MAI APPRAISAL
097 1 MULTI-FAMILY LITTLE ROCK AR 72209 1974 133 85,540 1,815,000 03/07/94 MAI APPRAISAL
098 1 RETAIL DEPTFORD NJ 08096 1984 N/A 18,739 2,080,000 08/25/95 MAI APPRAISAL
099 1 RETAIL ORCHARD PARK NY 14127 1977 N/A 29,631 1,680,000 10/12/95 MAI APPRAISAL
100 1 OTHER OKLAHOMA CITY OK 73139 1979 62 61,380 1,830,000 10/24/95 MAI APPRAISAL
101 1 RETAIL CRYSTAL RIVER FL 34429 1987 N/A 40,895 2,325,000 03/25/96 MAI APPRAISAL
102 1 RETAIL CHESAPEAKE VA 23321 1988 N/A 18,150 1,825,000 11/25/95 MAI APPRAISAL
103 1 MULTI-FAMILY KANSAS CITY MO 64109 1914 85 52,060 1,700,000 05/03/96 MAI APPRAISAL
104 1 MULTI-FAMILY IRVING TX 75061 1965 76 51,336 1,600,000 12/12/95 MAI APPRAISAL
105 1 MULTI-FAMILY ALAMOGORDO NM 88310 1986 56 N/A 1,620,000 01/19/96 MAI APPRAISAL
106 1 MULTI-FAMILY KANSAS CITY MO 64137 1968 74 55,668 1,550,000 01/03/96 MAI APPRAISAL
107 1 OFFICE SILVER SPRINGS MD 20901 1968 N/A 20,150 2,100,000 05/17/96 MAI APPRAISAL
108 1 OFFICE NEWPORT BEACH CA 92660 1976 N/A 26,072 2,170,000 06/03/96 MAI APPRAISAL
109 1 MANUFACTURED HOU HOUSTON TX 77396 1971 231 N/A 1,720,000 06/03/96 MAI APPRAISAL
110 1 MULTI-FAMILY MONTCLAIR NJ 07042 1920 27 19,
