MORGAN STANLEY
28 records
Balance: 218,785,231
PNCMA 2000-C2
MSDWMC
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Selection Criteria: MSDWMC
Table of Contents
1
Seller
2
Current Balances ($)
3
States
4
Property Types
5
Mortgage Rates (%)
6
Seasoning (mos)
7
Original Terms to Stated Maturity (mos)
8
Remaining Terms to Stated Maturities (mos)
9
Original Amortization Terms (mos)
10
Original Amortization Terms -Balloon Loans (mos)
11
Loans (mos)
12
Remaining Amortization Terms (mos)
13
Debt Service Coverage Ratios (x)
14
Current Loan-to-Value Ratios (%)
15
Balloon Loan-to-Value Ratios (%)
16
Balloon Loan
17
Hyper Amort
18
Ownership Type
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<PAGE>
1. Seller
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Number of Aggregate Aggregate Average Remaining Weighted Average Average
Mortgage Current Current Mortgage Term to Average Current Balloon
Seller Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
MSDWMC 28 218,785,231 100 8.551 109 1.3 71 63.2
------------------------------------------------------------------------------------------------------------------------
Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
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2. Current Balances ($)
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Number of Aggregate Aggregate Average Remaining Weighted Average Average
Mortgage Current Current Mortgage Term to Average Current Balloon
Current Balances ($) Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
1 - 1,000,000 1 946,839 0.43 8.54 113 1.25 72.8 66.2
-------------------------------------------------------------------------------------------------------------------------------
1,000,001 - 2,000,000 2 3,555,582 1.63 8.578 116 1.22 76.6 69.6
-------------------------------------------------------------------------------------------------------------------------------
2,000,001 - 3,000,000 8 19,767,532 9.04 8.47 109 1.33 65.4 57.4
-------------------------------------------------------------------------------------------------------------------------------
3,000,001 - 4,000,000 5 16,882,438 7.72 8.516 109 1.31 65.1 57.9
-------------------------------------------------------------------------------------------------------------------------------
4,000,001 - 5,000,000 1 4,993,722 2.28 8.73 117 1.26 70 63.7
-------------------------------------------------------------------------------------------------------------------------------
5,000,001 - 6,000,000 1 5,986,809 2.74 8.72 115 1.27 69 62.9
-------------------------------------------------------------------------------------------------------------------------------
6,000,001 - 7,000,000 1 6,584,520 3.01 8.51 115 1.27 74 67.1
-------------------------------------------------------------------------------------------------------------------------------
8,000,001 - 9,000,000 4 33,431,719 15.28 8.465 101 1.27 71.5 65.7
-------------------------------------------------------------------------------------------------------------------------------
10,000,001 - 15,000,000 2 23,844,918 10.9 8.613 146 1.25 72.6 50.6
-------------------------------------------------------------------------------------------------------------------------------
20,000,001 - 25,000,000 1 20,948,014 9.57 8.33 115 1.23 74.8 67.6
-------------------------------------------------------------------------------------------------------------------------------
25,000,001 >= 2 81,843,136 37.41 8.631 98 1.35 71.5 66.6
-------------------------------------------------------------------------------------------------------------------------------
Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
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</TABLE>
Min: 946,839
Max: 49,000,000
Average: 7,813,758
<PAGE>
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3. States
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Number of Aggregate Aggregate Average Remaining Weighted Average Average
Mortgage Current Current Mortgage Term to Average Current Balloon
States Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------------
California 6 92,397,369 42.23 8.407 117 1.29 72.9 62.9
--------------------------------------------------------------------------------------------------------------------------------
Connecticut 1 32,843,136 15.01 9.17 75 1.39 67 64
--------------------------------------------------------------------------------------------------------------------------------
New York 2 29,430,869 13.45 8.356 115 1.25 74.3 67.2
--------------------------------------------------------------------------------------------------------------------------------
Arizona 3 14,179,343 6.48 8.583 115 1.27 71.7 65.2
-------------------------------------------------------------------------------------------------------------------------------
Georgia 4 11,562,782 5.28 8.481 107 1.3 68.1 60.1
--------------------------------------------------------------------------------------------------------------------------------
Michigan 1 8,582,702 3.92 8.43 116 1.27 70.9 64.2
--------------------------------------------------------------------------------------------------------------------------------
Virginia 2 7,490,583 3.42 8.73 117 1.26 70 63.7
--------------------------------------------------------------------------------------------------------------------------------
Florida 2 5,987,969 2.74 8.593 116 1.32 69.2 62.9
--------------------------------------------------------------------------------------------------------------------------------
North Carolina 1 3,202,774 1.46 8.25 99 1.39 58.2 49.3
--------------------------------------------------------------------------------------------------------------------------------
Ohio 1 2,742,437 1.25 8.25 99 1.39 58.2 49.3
--------------------------------------------------------------------------------------------------------------------------------
Indiana 1 2,693,465 1.23 8.25 99 1.39 58.2 49.3
--------------------------------------------------------------------------------------------------------------------------------
Tennessee 1 2,487,340 1.14 8.63 114 1.3 69.1 58.3
--------------------------------------------------------------------------------------------------------------------------------
Pennsylvania 1 2,198,004 1 8.76 118 1.2 70.9 64.6
--------------------------------------------------------------------------------------------------------------------------------
Texas 1 2,039,618 0.93 8.8 115 1.25 74.8 68.3
--------------------------------------------------------------------------------------------------------------------------------
New Jersey 1 946,839 0.43 8.54 113 1.25 72.8 66.2
--------------------------------------------------------------------------------------------------------------------------------
Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
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</TABLE>
<PAGE>
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4. Property Types
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Number of Aggregate Aggregate Average Remaining Weighted Average Average
Mortgage Current Current Mortgage Term to Average Current Balloon
Property Types Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------------
Retail 12 114,455,060 52.31 8.476 112 1.28 74 67.6
--------------------------------------------------------------------------------------------------------------------------------
Office 6 41,994,725 19.19 8.476 131 1.26 70.8 55.5
--------------------------------------------------------------------------------------------------------------------------------
Industrial 2 33,789,976 15.44 9.152 76 1.39 67.2 64.1
--------------------------------------------------------------------------------------------------------------------------------
Hospitality 5 14,858,131 6.79 8.25 99 1.39 58.2 49.3
--------------------------------------------------------------------------------------------------------------------------------
Multifamily 3 13,687,339 6.26 8.256 112 1.28 69.9 63.2
--------------------------------------------------------------------------------------------------------------------------------
Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
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5. Mortgage Rates (%)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Number of Aggregate Aggregate Average Remaining Weighted Average Average
Mortgage Current Current Mortgage Term to Average Current Balloon
Mortgage Rates (%) Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500 14 128,618,831 58.79 8.297 118 1.3 71.5 61.8
------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000 13 57,323,264 26.2 8.768 109 1.26 72.1 66
------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500 1 32,843,136 15.01 9.17 75 1.39 67 64
------------------------------------------------------------------------------------------------------------------------------
Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
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</TABLE>
Min: 8.180
Max: 9.170
Weighted Average Coupon: 8.551
<PAGE>
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6. Seasoning (mos)
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Number of Aggregate Aggregate Average Remaining Weighted Average Average
Mortgage Current Current Mortgage Term to Average Current Balloon
Seasoning (mos) Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
12-Jan 23 203,927,100 93.21 8.573 110 1.3 71.9 64.2
-------------------------------------------------------------------------------------------------------------------------------
13 - 24 5 14,858,131 6.79 8.25 99 1.39 58.2 49.3
-------------------------------------------------------------------------------------------------------------------------------
Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Min: 2
Max: 21
Weighted Average: 7
<PAGE>
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7. Original Terms to Stated Maturity (mos)
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Original Terms Number of Aggregate Aggregate Average Remaining Weighted Average Average
to Stated Maturity Mortgage Current Current Mortgage Term to Average Current Balloon
(mos) Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
61 - 120 26 194,940,313 89.1 8.544 105 1.31 70.8 64.7
-------------------------------------------------------------------------------------------------------------------------------
121 - 180 2 23,844,918 10.9 8.613 146 1.25 72.6 50.6
-------------------------------------------------------------------------------------------------------------------------------
Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
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</TABLE>
Min: 66
Max: 180
Weighted Average: 116
<PAGE>
--------------------------------------------------------------------------------
8. Remaining Terms to Stated Maturities (mos)
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Remaining Terms Number of Aggregate Aggregate Average Remaining Weighted Average Average
to Stated Maturities Mortgage Current Current Mortgage Term to Average Current Balloon
(mos) Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
61 - 120 26 194,940,313 89.1 8.544 105 1.31 70.8 64.7
-------------------------------------------------------------------------------------------------------------------------------
121 - 180 2 23,844,918 10.9 8.613 146 1.25 72.6 50.6
-------------------------------------------------------------------------------------------------------------------------------
Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
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</TABLE>
Min: 61
Max: 172
Non-Zero Weighted Average: 109
<PAGE>
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9. Original Amortization Terms (mos)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Original Number of Aggregate Aggregate Average Remaining Weighted Average Average
Amortization Mortgage Current Current Mortgage Term to Average Current Balloon
Terms (mos) Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
181 - 240 1 11,451,777 5.23 8.26 172 1.23 70.5 31.9
------------------------------------------------------------------------------------------------------------------------------
241 - 360 27 207,333,454 94.77 8.567 106 1.31 71 64.9
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Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
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</TABLE>
Min: 240
Max: 360
Weighted Average: 341
<PAGE>
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10. Original Amortization Terms -Balloon Loans (mos)
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
Weighted
Original Percent by Weighted Average Weighted Weighted
Amortization Number of Aggregate Aggregate Average Remaining Weighted Average Average
Terms-Balloon Mortgage Current Current Mortgage Term to Average Current Balloon
Loans (mos) Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------
240 1 11,451,777 5.23 8.26 172 1.23 70.5 31.9
-----------------------------------------------------------------------------------------------------------------------------
300 6 17,345,471 7.93 8.304 101 1.38 59.7 50.6
-----------------------------------------------------------------------------------------------------------------------------
301-359 1 49,000,000 22.4 8.27 114 1.33 74.6 68.4
-----------------------------------------------------------------------------------------------------------------------------
360 20 140,987,984 64.44 8.703 103 1.29 71.2 65.5
-----------------------------------------------------------------------------------------------------------------------------
Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Min: 240
Max: 360
Weighted Average: 341
<PAGE>
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11. Loans (mos)
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12. Remaining Amortization Terms (mos)
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Remaining Number of Aggregate Aggregate Average Remaining Weighted Average Average
Amortization Mortgage Current Current Mortgage Term to Average Current Balloon
Terms (mos) Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
181 - 240 1 11,451,777 5.23 8.26 172 1.23 70.5 31.9
-------------------------------------------------------------------------------------------------------------------------------
241 - 300 6 17,345,471 7.93 8.304 101 1.38 59.7 50.6
-------------------------------------------------------------------------------------------------------------------------------
301 - 360 21 189,987,984 86.84 8.591 106 1.3 72 66.2
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Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
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</TABLE>
Min: 232
Max: 359
Weighted Average: 335
<PAGE>
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13. Debt Service Coverage Ratios (x)
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Number of Aggregate Aggregate Average Remaining Weighted Average Average
Debt Service Mortgage Current Current Mortgage Term to Average Current Balloon
Coverage Ratios (x) Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
1.16 - 1.25 10 60,901,757 27.84 8.437 118 1.23 73.2 60.8
-------------------------------------------------------------------------------------------------------------------------------
1.26 - 1.35 11 107,814,837 49.28 8.476 116 1.3 72.8 66.3
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1.36 - 1.50 7 50,068,638 22.88 8.853 84 1.39 64.5 59.5
-------------------------------------------------------------------------------------------------------------------------------
Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
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</TABLE>
Min: 1.20
Max: 1.39
Non-Zero Weighted Average: 1.30
<PAGE>
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14. Current Loan-to-Value Ratios (%)
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Current Number of Aggregate Aggregate Average Remaining Weighted Average Average
Loan-to-Value Mortgage Current Current Mortgage Term to Average Current Balloon
Ratios (%) Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
50.1 - 60.0 6 18,044,419 8.25 8.289 101 1.37 58.3 50
------------------------------------------------------------------------------------------------------------------------------
60.1 - 70.0 6 55,537,738 25.38 8.985 83 1.34 67.6 63.6
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70.1 - 80.0 16 145,203,074 66.37 8.418 120 1.28 73.8 64.7
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Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
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</TABLE>
Min: 58.2
Max: 79.8
Non-Zero Weighted Average: 71.0
<PAGE>
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15. Balloon Loan-to-Value Ratios (%)
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Number of Aggregate Aggregate Average Remaining Weighted Average Average
Balloon Loan-to-Value Mortgage Current Current Mortgage Term to Average Current Balloon
Ratios (%) Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
30.1 - 40.0 1 11,451,777 5.23 8.26 172 1.23 70.5 31.9
-------------------------------------------------------------------------------------------------------------------------------
40.1 - 50.0 5 14,858,131 6.79 8.25 99 1.39 58.2 49.3
-------------------------------------------------------------------------------------------------------------------------------
50.1 - 60.0 2 5,673,628 2.59 8.54 113 1.29 63.4 55.6
-------------------------------------------------------------------------------------------------------------------------------
60.1 - 70.0 18 181,458,368 82.94 8.589 106 1.3 72 66.3
-------------------------------------------------------------------------------------------------------------------------------
70.1 - 80.0 2 5,343,327 2.44 8.75 117 1.2 79.8 72.7
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Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
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</TABLE>
Min: 31.9
Max: 72.7
Weighted Average: 63.2
<PAGE>
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16. Balloon Loan
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Number of Aggregate Aggregate Average Remaining Weighted Average Average
Mortgage Current Current Mortgage Term to Average Current Balloon
Balloon Loan Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
Yes 28 218,785,231 100 8.551 109 1.3 71 63.2
-------------------------------------------------------------------------------------------------------------------------------
Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
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17. Hyper Amort
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Number of Aggregate Aggregate Average Remaining Weighted Average Average
Mortgage Current Current Mortgage Term to Average Current Balloon
Hyper Amort Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------------
No 23 112,188,062 51.28 8.533 116 1.28 69.8 59.8
--------------------------------------------------------------------------------------------------------------------------------
Yes 5 106,597,169 48.72 8.571 102 1.32 72.2 66.8
--------------------------------------------------------------------------------------------------------------------------------
Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
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18. Ownership Type
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Weighted
Percent by Weighted Average Weighted Weighted
Number of Aggregate Aggregate Average Remaining Weighted Average Average
Mortgage Current Current Mortgage Term to Average Current Balloon
Ownership Type Loans Balance Balance (%) Rate(%) Maturity (mos) DSCR LTV (%) LTV (%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
Fee Simple 27 169,785,231 77.6 8.633 108 1.29 69.9 61.7
-------------------------------------------------------------------------------------------------------------------------------
Leasehold 1 49,000,000 22.4 8.27 114 1.33 74.6 68.4
-------------------------------------------------------------------------------------------------------------------------------
Total: 28 218,785,231 100 8.551 109 1.3 71 63.2
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</TABLE>
<PAGE>
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. No representation or warranty can be given
with respect to the accuracy or completeness of the information, or with respect
to the terms of any future offer of securities conforming to the terms hereof.
Any such offer of securities would be made pursuant to a definitive Prospectus
or Private Placement Memorandum, as the case may be, prepared by the issuer
which could contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its entirety
by such Prospectus or Private Placement Memorandum. Such Prospectus or Private
Placement Memorandum will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities should
be made solely in reliance upon such Prospectus or Private Placement Memorandum.
Certain assumptions may have been made in this analysis which have resulted in
any returns detailed herein. No representation is made that any returns
indicated will be achieved. Changes to the assumptions may have a material
impact on any returns detailed. Morgan Stanley & Co. Incorporated, Goldman,
Sachs & Co. and Norwest Investment Services, Inc. (collectively the
"Underwriters") disclaim any and all liability relating to this information,
including without limitation any express or implied representations and
warranties for, statements contained in, and omissions from, this information.
Additional information is available upon request. The Underwriters and others
associated with them may have positions in, and may effect transaction in,
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material may be filed with the Securities and Exchange Commission (the "SEC")
and incorporated by reference into an effective registration statement
previously filed with the SEC under Rule 415 of the Securities Act of 1933,
including in cases where the material does not pertain to securities that are
ultimately offered for sale pursuant to such registration statement. To Morgan
Stanley's readers worldwide: In addition, please note that this publication has
been issued by Morgan Stanley & Co. Incorporated, approved by Morgan Stanley
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advice of their Morgan Stanley & Co. Incorporated, Morgan Stanley International
or Morgan Stanley Japan Ltd. representative about the investments concerned.
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