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) January 27, 1997
TRUST CREATED BY MIDLAND REALTY ACCEPTANCE CORPORATION
(under a Pooling & Servicing Agreement
dated as of December 1, 1996, which Trust is
the issuer of Commercial Mortgage Pass-Through
=============Certificates, Series 1996-C2)=============
(Exact name of Registrant as specified in its Charter)
Missouri 333-03885-02 36-4122515
(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-C2
(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 January 27, 1997, 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
January 27, 1997.
Loan data file as of the January 1997 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 3.20 of the
Pooling & Servicing Agreement dated as of December
1, 1996
By: Midland Data Systems, Inc., its General
Partner
/s/ Lawrence D. Ashley
By: Lawrence D. Ashley
Title: Director of MBS Programs
Date: January 27, 1997
EXHIBIT INDEX
Sequential
Document Page Number
Monthly Statement to the Certificateholders 3
dated as of January 27, 1997
Loan data file as of January 1997 24
Page - 2
ABN AMRO Statement Date: 01/27/97
LaSalle National Bank Payment Date: 01/27/97
Administrator: Prior Payment: NA
Barbara Marik (800) 246-5761 Record Date: 12/31/96
135 S. LaSalle Street Suite 1740 WAC: 8.744290%
Chicago, IL 60603 WAMM: 119
Midland Realty Acceptance Corp.
Midland Loan Services, L.P. as Servicer
Midland Loan Services, L.P. as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C2
ABN AMRO Acct: 67-766490-6
<TABLE>
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-1 145,744,000.00 145,744,000.00 456,275.47
597706 AT 7 1000.000000000 1000.000000000 3.130663835
A-2 210,167,000.00 210,167,000.00 0.00
597706 AU 4 1000.000000000 1000.000000000 0.000000000
A-EC 512,101,998.44N 512,101,998.44 0.00
597706 AZ 3 1000.000000000 1000.000000000 0.000000000
B 30,727,000.00 30,727,000.00 0.00
597706 AV 2 1000.000000000 1000.000000000 0.000000000
C 28,166,000.00 28,166,000.00 0.00
597706 AW 0 1000.000000000 1000.000000000 0.000000000
D 23,045,000.00 23,045,000.00 0.00
597706 AX 8 1000.000000000 1000.000000000 0.000000000
E 7,682,000.00 7,682,000.00 0.00
597706 AY 6 1000.000000000 1000.000000000 0.000000000
F 15,364,000.00 15,364,000.00 0.00
597706 BA 7 1000.000000000 1000.000000000 0.000000000
G 12,803,000.00 12,803,000.00 0.00
597706 BB 5 1000.000000000 1000.000000000 0.000000000
H 5,122,000.00 5,122,000.00 0.00
597706 BC 3 1000.000000000 1000.000000000 0.000000000
J 12,803,000.00 12,803,000.00 0.00
597706 BD 1 1000.000000000 1000.000000000 0.000000000
K 7,682,000.00 7,682,000.00 0.00
597706 BE 9 1000.000000000 1000.000000000 0.000000000
L-1 12,796,998.44 12,796,998.44 0.00
597706 BF 6 1000.000000000 1000.000000000 0.000000000
L-2 12,796,998.44N 12,796,998.44 0.00
597706 BG 4 1000.000000000 1000.000000000 0.000000000
R-II 0.00 0.00 0.00
597706BJ8 1000.000000000 1000.000000000 0.000000000
512,101,998.44 512,101,998.44 456,275.47
<FN>
Notes: (1) N denotes notional balance not included in total
</FN>
</TABLE>
Page - 3
<PAGE>
REMIC II, Continued
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 0.00 0.00 145,287,724.53
597706 AT 7 0.000000000 0.000000000 996.869336165
A-2 0.00 0.00 210,167,000.00
597706 AU 4 0.000000000 0.000000000 1000.000000000
A-EC 0.00 0.00 511,645,722.97
597706 AZ 3 0.000000000 0.000000000 999.109014471
B 0.00 0.00 30,727,000.00
597706 AV 2 0.000000000 0.000000000 1000.000000000
C 0.00 0.00 28,166,000.00
597706 AW 0 0.000000000 0.000000000 1000.000000000
D 0.00 0.00 23,045,000.00
597706 AX 8 0.000000000 0.000000000 1000.000000000
E 0.00 0.00 7,682,000.00
597706 AY 6 0.000000000 0.000000000 1000.000000000
F 0.00 0.00 15,364,000.00
597706 BA 7 0.000000000 0.000000000 1000.000000000
G 0.00 0.00 12,803,000.00
597706 BB 5 0.000000000 0.000000000 1000.000000000
H 0.00 0.00 5,122,000.00
597706 BC 3 0.000000000 0.000000000 1000.000000000
J 0.00 0.00 12,803,000.00
597706 BD 1 0.000000000 0.000000000 1000.000000000
K 0.00 0.00 7,682,000.00
597706 BE 9 0.000000000 0.000000000 1000.000000000
L-1 0.00 0.00 12,796,998.44
597706 BF 6 0.000000000 0.000000000 1000.000000000
L-2 0.00 0.00 12,796,998.44
597706 BG 4 0.000000000 0.000000000 1000.000000000
R-II 0.00 0.00 0.00
597706BJ8 0.000000000 0.000000000 0.000000000
- ------------- ---------------- ---------------- ----------------
0.00 0.00 511,645,722.97
============= ================ ================ ================
Total P&I Payment 4,132,830.70
================
Page - 4
<PAGE>
<TABLE>
REMIC II, Continued
<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-1 852,602.40 0.00 7.02000000%
597706 AT 7 5.850000000 0.000000000 Fixed
A-2 1,266,781.59 0.00 7.23300000%
597706 AU 4 6.027499988 0.000000000 Fixed
A-EC 595,221.84 0.00 1.39477332%
597706 AZ 3 1.162311106 0.000000000 1.39455340%
B 187,998.03 0.00 7.34200000%
597706 AV 2 6.118333388 0.000000000 Fixed
C 174,652.67 0.00 7.44100000%
597706 AW 0 6.200833274 0.000000000 Fixed
D 146,643.02 0.00 7.63600000%
597706 AX 8 6.363333478 0.000000000 Fixed
E 51,398.98 0.00 8.02900000%
597706 AY 6 6.690833116 0.000000000 Fixed
F 92,606.51 0.00 7.23300000%
597706 BA 7 6.027500000 0.000000000 Fixed
G 77,170.08 0.00 7.23300000%
597706 BB 5 6.027499805 0.000000000 Fixed
H 30,872.86 0.00 7.23300000%
597706 BC 3 6.027500976 0.000000000 Fixed
J 77,170.08 0.00 7.23300000%
597706 BD 1 6.027499805 0.000000000 Fixed
K 46,303.26 0.00 7.23300000%
597706 BE 9 6.027500651 0.000000000 Fixed
L-1 0.00 0.00 None
597706 BF 6 0.000000000 0.000000000
L-2 77,133.91 0.00 7.23300000%
597706 BG 4 6.027500149 0.000000000 Fixed
R-II 0.00 0.00 None
597706BJ8 0.000000000 0.000000000
- ------------- ---------------- ---------------- ----------------
3,676,555.23 0.00
================ ================
<FN>
(2) Interest Paid minus Interest Adjustment minus Deferred Interest
equals Accrual
(3) Estimated
</FN>
</TABLE>
Page - 5
<PAGE>
Midland Realty Acceptance Corp.
Midland Loan Services, L.P. as Servicer
Midland Loan Services, L.P. as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C2
ABN AMRO Acct: 67-766490-6
<TABLE>
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>
A-L-1 145,744,000.00 145,744,000.00 456,275.47
None 1000.000000000 1000.000000000 3.130663835
A-L-2 210,167,000.00 210,167,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
B-L 30,727,000.00 30,727,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
C-L 28,166,000.00 28,166,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
D-L 23,045,000.00 23,045,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
E-L 7,682,000.00 7,682,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
F-L 15,364,000.00 15,364,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
G-L 12,803,000.00 12,803,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
H-L 5,122,000.00 5,122,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
J-L 12,803,000.00 12,803,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
K-L 7,682,000.00 7,682,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
L-L 12,796,998.44 12,796,998.44 0.00
None 1000.000000000 1000.000000000 0.000000000
R-I 0.00 0.00 0.00
597706 BH 2 1000.000000000 1000.000000000 0.000000000
- ------------- ---------------- ---------------- ----------------
512,101,998.44 512,101,998.44 456,275.47
================ ================ ================
<FN>
(1) N denotes notional balance not included in total
</FN>
</TABLE>
Page - 6
<PAGE>
REMIC I, Continued
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
A-L-1 0.00 0.00 145,287,724.53
None 0.000000000 0.000000000 996.869336165
A-L-2 0.00 0.00 210,167,000.00
None 0.000000000 0.000000000 1000.000000000
B-L 0.00 0.00 30,727,000.00
None 0.000000000 0.000000000 1000.000000000
C-L 0.00 0.00 28,166,000.00
None 0.000000000 0.000000000 1000.000000000
D-L 0.00 0.00 23,045,000.00
None 0.000000000 0.000000000 1000.000000000
E-L 0.00 0.00 7,682,000.00
None 0.000000000 0.000000000 1000.000000000
F-L 0.00 0.00 15,364,000.00
None 0.000000000 0.000000000 1000.000000000
G-L 0.00 0.00 12,803,000.00
None 0.000000000 0.000000000 1000.000000000
H-L 0.00 0.00 5,122,000.00
None 0.000000000 0.000000000 1000.000000000
J-L 0.00 0.00 12,803,000.00
None 0.000000000 0.000000000 1000.000000000
K-L 0.00 0.00 7,682,000.00
None 0.000000000 0.000000000 1000.000000000
L-L 0.00 0.00 12,796,998.44
None 0.000000000 0.000000000 1000.000000000
R-I 0.00 0.00 0.00
597706 BH 2 0.000000000 0.000000000 0.000000000
- ------------- ---------------- ---------------- ----------------
0.00 0.00 511,645,722.97
================ ================ ================
Total P&I Payment 4,132,830.70
================
Page - 7
<PAGE>
<TABLE>
REMIC I, Continued
<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 1,046,345.97 0.00 8.61521001%
None 7.179341654 0.000000000 8.61516884%
A-L-2 1,508,860.70 0.00 8.61521001%
None 7.179341666 0.000000000 8.61516884%
B-L 220,599.63 0.00 7.34200000%
None 7.179341621 0.000000000 7.34200000%
C-L 202,213.34 0.00 7.44100000%
None 7.179341760 0.000000000 7.44100000%
D-L 165,447.93 0.00 7.63600000%
None 7.179341723 0.000000000 7.63600000%
E-L 55,151.70 0.00 8.02900000%
None 7.179341317 0.000000000 8.02900000%
F-L 110,303.41 0.00 7.23300000%
None 7.179341968 0.000000000 7.23300000%
G-L 91,917.11 0.00 7.23300000%
None 7.179341561 0.000000000 7.23300000%
H-L 36,772.59 0.00 7.23300000%
None 7.179342054 0.000000000 7.23300000%
J-L 91,917.11 0.00 7.23300000%
None 7.179341561 0.000000000 7.23300000%
K-L 55,151.71 0.00 7.23300000%
None 7.179342619 0.000000000 7.23300000%
L-L 91,874.03 0.00 7.23300000%
None 7.179342127 0.000000000 7.23300000%
R-I 0.00 0.00 None
597706 BH 2 0.000000000 0.000000000
---------------- ---------------- ----------------
3,676,555.23 0.00
================ ================
<FN>
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual
(3) Estimated
</FN>
</TABLE>
Page - 8
<PAGE>
Midland Realty Acceptance Corp.
Midland Loan Services, L.P. as Servicer
Midland Loan Services, L.P. as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-C2
ABN AMRO Acct: 67-766490-6
OTHER RELATED INFORMATION
Total Available Funds 4,132,830.70
Principal Distribution Amount 456,275.47
Interest Distribution Amount 3,676,555.23
P&I ADVANCES
Servicer Trustee Fiscal Agent
Current 0.00 0.00 0.00
Unreimbursed 0.00 0.00 0.00
Totals : 0.00 0.00 0.00
SPECIALLY SERVICED LOANS
Property P&I
Advances Advances
Current 0.00 0.00
Unreimbursed 0.00 0.00
---- ----
Totals : 0.00 0.00
==== ====
Servicing Fee 55,084.95
Additional Servicing Compensation 0.00
Special Servicing Compensation 0.00
Disposition Fee 0.00
Workout Fee 0.00
Prepayment Premiums 0.00
Default Interest 0.00
REO PROPERTY INFORMATION
Date Final
Loan Updated Recovery
Property Became Principal Appraised Determination
Name REO Balance Value Date
Proceeds Cumulative Net
Deposited in REO REO Other
Property Collection Proceeds Proceeds Revenues
Name Account Collected Collected Collected
Page - 9
<PAGE>
CERTIFICATE INTEREST ALLOCATIONS
Beginning Ending
Accrued Interest Unpaid Unpaid
Class Interest Distributed Interest Interest
A-1 852,602.40 852,602.40 0.00 0.00
A-2 1,266,781.59 1,266,781.59 0.00 0.00
A-EC 595,221.84 595,221.84 0.00 0.00
B 187,998.03 187,998.03 0.00 0.00
C 174,652.67 174,652.67 0.00 0.00
D 146,643.02 146,643.02 0.00 0.00
E 51,398.98 51,398.98 0.00 0.00
F 92,606.51 92,606.51 0.00 0.00
G 77,170.08 77,170.08 0.00 0.00
H 30,872.86 30,872.86 0.00 0.00
J 77,170.08 77,170.08 0.00 0.00
K 46,303.26 46,303.26 0.00 0.00
L-2 77,133.91 77,133.91 0.00 0.00
------------ ------------ ---- ----
Totals : 3,676,555.23 3,676,555.23 0.00 0.00
============ ============ ==== ====
Current Realized Losses 0.00
Cumulative Realized Losses 0.00
Beginning Scheduled Principal Balance 512,101,998.44
<TABLE>
<CAPTION>
Distribution Delinq 1 Month Delinq 2 Months Delinq 3+ Months
Date # Balance # Balance # Balance
<S> <C> <C> <C> <C> <C> <C>
01/27/97 .. 0 0 0 0 0 0
/ ......... 0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
</TABLE>
<TABLE>
<CAPTION>
Distribution Foreclosure/Bankruptcy (1) REO (1)
Date # Balance # Balance
<S> <C> <C> <C> <C>
01/27/97 .... 0 0 0 0
/ ........... 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 Modifications Prepayments
Date # Balance # Balance
01/27/97 .... 0 0 0 0
/ ........... 0.00% 0.000% 0.00% 0.000%
Distribution Curr Weighted Avg.
Date Coupon Remit
01/27/97 8.7443% 8.6152%
<TABLE>
DELINQUENT LOAN DETAIL
<CAPTION>
Special
Disclosure Paid Outstanding Out. Prop. Servicer
Doc Thru Current P&I P&I Protection Advance Transfer
Control # Date Advance Advances (1) Advances Desc.(2) Date
<S> <C> <C> <C> <C> <C> <C>
69 12/01/96 19,961.68 19,961.68 0.00 B
60 12/01/96 23,207.60 23,207.60 0.00 B
76 12/01/96 24,865.85 24,865.85 0.00 B
-- -------- --------- --------- ---- ---
Total 68,035.13 68,035.13 0.00
========= ========= ====
<FN>
(1) Outstanding P&I Advances include the current period P&I Advance
(2) Advance Description:
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 - 10
<PAGE>
DELINQUENT LOAN DETAIL, Continued
Disclosure
Doc Foreclosure Bankruptcy REO
Control # Date Date Date
69
60
76
Total
POOL TOTAL
DISTRIBUTION OF PRINCIPAL BALANCES
Current Scheduled Number Scheduled Based on
Balances of Loans Balance Balance
$0 to $499,999 .............. 0 0 0.00%
$500,000 to $749,999 ........ 4 2,756,952 0.54%
$750,000 to $999,999 ........ 15 13,745,235 2.69%
$1,000,000 to $1,499,999 .... 23 28,671,748 5.60%
$1,500,000 to $1,999,999 .... 19 33,524,923 6.55%
$2,000,000 to $2,499,999 .... 10 22,862,327 4.47%
$2,500,000 to $2,999,999 .... 8 21,620,053 4.23%
$3,000,000 to $3,999,999 .... 12 39,405,464 7.70%
$4,000,000 to $4,999,999 .... 14 64,219,179 12.55%
$5,000,000 to $5,999,999 .... 6 32,114,493 6.28%
$6,000,000 to $6,999,999 .... 3 19,330,333 3.78%
$7,000,000 to $7,999,999 .... 7 53,145,336 10.39%
$8,000,000 to $8,999,999 .... 5 43,453,559 8.49%
$9,000,000 to $9,999,999 .... 1 9,793,544 1.91%
$10,000,000 to $10,999,999 .. 4 41,199,834 8.05%
$11,000,000 to $11,999,999 .. 1 11,688,551 2.28%
$12,000,000 to $14,999,999 .. 1 12,326,247 2.41%
$15,000,000 to $16,999,999 .. 1 16,879,705 3.30%
$17,000,000 to $22,999,999 .. 1 17,637,318 3.45%
$23,000,000 & Above ......... 1 27,270,921 5.33%
- ----------------------------- --- ----------- ------
Total ....................... 136 511,645,723 100.00%
=== =========== ======
Average Scheduled Balance is 3,762,101
Maximum Scheduled Balance is 27,270,921
Minimum Scheduled Balance is 620,000
DISTRIBUTION OF PROPERTY TYPES
Number Scheduled Based on
Property Types of Loans Balance Balance
MF- Housing ................. 58 198,211,084 38.74%
Office ...................... 16 60,297,359 11.78%
Retail Facility ............. 16 58,259,673 11.39%
Retail-Anchored ............. 9 52,332,276 10.23%
Retail-Single Tenant ........ 14 48,718,911 9.52%
Industrial/Warehouse ........ 8 22,166,140 4.33%
Mixed Use ................... 1 16,879,705 3.30%
R&D ......................... 2 14,825,534 2.90%
Office/Retail ............... 2 13,924,869 2.72%
Hospitality ................. 1 7,837,083 1.53%
Warehouse ................... 4 5,669,835 1.11%
Other ....................... 5 12,523,255 2.45%
--- ----------- ------
Total ....................... 136 511,645,723 100.00%
=== =========== ======
Page - 11
<PAGE>
DISTRIBUTION OF MORTGAGE INTEREST RATES
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
7.500% or less .............. 0 0 0.00%
7.500% to 7.625% ............ 1 27,270,921 5.33%
7.625% to 7.750% ............ 0 0 0.00%
7.750% to 7.875% ............ 1 8,389,123 1.64%
7.875% to 8.000% ............ 0 0 0.00%
8.000% to 8.125% ............ 2 15,439,814 3.02%
8.125% to 8.250% ............ 2 11,294,911 2.21%
8.250% to 8.375% ............ 2 4,747,756 0.93%
8.375% to 8.500% ............ 14 79,404,648 15.52%
8.500% to 8.625% ............ 5 38,422,052 7.51%
8.625% to 8.750% ............ 18 39,379,876 7.70%
8.750% to 9.000% ............ 39 149,905,113 29.30%
9.000% to 9.125% ............ 11 20,118,881 3.93%
9.125% to 9.500% ............ 34 105,195,736 20.56%
9.500% & Above .............. 7 12,076,892 2.36%
- ----------------------------- --- ----------- ------
Total ....................... 136 511,645,723 100.00%
=== =========== ======
W/Avg Mortgage Interest Rate is 8.7443%
Minimum Mortgage Interest Rate is 7.6100%
Maximum Mortgage Interest Rate is 9.7000%
GEOGRAPHIC DISTRIBUTION
Geographic Number Scheduled Based on
Location of Loans Balance Balance
Texas ....................... 31 87,828,233 17.17%
California .................. 15 78,023,669 15.25%
Florida ..................... 14 50,831,902 9.93%
Colorado .................... 5 36,044,821 7.04%
Michigan .................... 9 31,039,919 6.07%
New York .................... 5 27,632,787 5.40%
Maryland .................... 6 27,241,967 5.32%
Massachusetts ............... 4 20,625,800 4.03%
Pennsylvania ................ 3 20,478,689 4.00%
Missouri .................... 2 18,576,620 3.63%
Arizona ..................... 7 15,750,304 3.08%
New Jersey .................. 4 14,266,981 2.79%
Virginia .................... 4 12,090,234 2.36%
Connecticut ................. 3 11,778,343 2.30%
Nevada ...................... 2 11,741,807 2.29%
Washington .................. 2 11,558,313 2.26%
Minnesota ................... 7 9,959,463 1.95%
Oklahoma .................... 4 8,270,417 1.62%
New Mexico .................. 2 5,897,329 1.15%
Georgia ..................... 2 3,357,398 0.66%
Utah ........................ 1 2,883,407 0.56%
Various ..................... 1 2,396,163 0.47%
Montana ..................... 2 2,272,401 0.44%
Oregon ...................... 1 1,098,756 0.21%
--- ----------- ------
Total ....................... 136 511,645,723 100.00%
=== =========== ======
Page 12
<PAGE>
LOAN SEASONING
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less .............. 134 505,461,253 98.79%
1+ to 2 years ............... 2 6,184,470 1.21%
2+ to 3 years ............... 0 0 0.00%
3+ to 4 years ............... 0 0 0.00%
4+ to 5 years ............... 0 0 0.00%
5+ to 6 years ............... 0 0 0.00%
6+ to 7 years ............... 0 0 0.00%
7+ to 8 years ............... 0 0 0.00%
8+ to 9 years ............... 0 0 0.00%
9+ to 10 years .............. 0 0 0.00%
10 years or more ............ 0 0 0.00%
- ----------------------------- --- ----------- ------
Total ....................... 136 511,645,723 100.00%
=== =========== ======
Weighted Average Seasoning is 0.2
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 ............ 3 4,219,769 0.82%
121 to 180 months ........... 6 12,088,348 2.36%
181 to 240 months ........... 0 0 0.00%
241 to 360 months ........... 1 3,678,069 0.72%
- ----------------------------- --- ----------- ------
Total ....................... 10 19,986,186 3.91%
=== =========== ======
Weighted Average Months to Maturity is 178
<TABLE>
DISTRIBUTION OF DSCR
<CAPTION>
Debt Service Number Scheduled Based on
Coverage Ratio (1) of Loans Balance Balance
<S> <C> <C> <C>
1.000 or less ............... 2 3,671,641 0.72%
1.001 to 1.125 .............. 5 35,489,543 6.94%
1.126 to 1.250 .............. 9 40,542,650 7.92%
1.251 to 1.375 .............. 23 139,183,283 27.20%
1.376 to 1.500 .............. 27 75,234,367 14.70%
1.501 to 1.625 .............. 32 108,280,844 21.16%
1.626 to 1.750 .............. 17 51,492,522 10.06%
1.751 to 1.875 .............. 7 24,680,898 4.82%
1.876 to 2.000 .............. 6 8,424,488 1.65%
2.001 to 2.125 .............. 2 4,034,228 0.79%
2.126 to 2.250 .............. 2 7,915,458 1.55%
2.251 to 2.375 .............. 2 4,185,000 0.82%
2.376 to 2.500 .............. 0 0 0.00%
2.501 to 2.625 .............. 0 0 0.00%
2.626 & above ............... 2 8,510,801 1.66%
Unknown ..................... 0 0 0.00%
--- ----------- ------
Total ....................... 136 511,645,723 100.00%
=== =========== ======
<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 1.480
Page - 13
<PAGE>
DISTRIBUTION OF AMORTIZATION TYPE
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing ............ 10 19,986,186 3.91%
Amortizing Balloon .......... 126 491,659,537 96.09%
--- ----------- ------
Total ....................... 136 511,645,723 100.00%
=== =========== ======
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 ............. 0 0 0.00%
37 to 48 months ............. 0 0 0.00%
49 to 60 months ............. 2 12,859,772 2.51%
61 to 120 months ............ 95 383,049,023 74.87%
121 to 180 months ........... 28 94,477,752 18.47%
181 to 240 months ........... 1 1,272,989 0.25%
- ----------------------------- --- ----------- ------
Total ....................... 126 491,659,537 96.09%
=== =========== ======
Weighted Average Months to Maturity is 116
NOI AGING
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less .............. 19 94,343,356 18.44%
1 to 2 years ................ 93 339,804,542 66.41%
2 Years or More ............. 1 4,804,044 0.94%
Unknown ..................... 23 72,693,782 14.21%
--- ----------- ------
Total ....................... 136 511,645,723 100.00%
=== =========== ======
LOAN LEVEL DETAIL
Property
Disclosure Type Maturity
Control # Group Code Date
1 MRAC96C2 MF- Housing 02/01/06
2 MRAC96C2 Retail-Anchored 04/01/03
3 MRAC96C2 Mixed Use 12/01/06
4 MRAC96C2 Office/Retail 03/01/03
5 MRAC96C2 R&D 12/01/06
6 MRAC96C2 Retail-Single Tenant 11/30/06
7 MRAC96C2 Industrial/Warehouse 11/08/02
8 MRAC96C2 Retail-Anchored 01/01/07
9 MRAC96C2 Office 10/01/06
10 MRAC96C2 MF- Housing 12/01/06
11 MRAC96C2 MF- Housing 11/01/11
12 MRAC96C2 Retail Facility 01/01/09
13 MRAC96C2 Retail-Single Tenant 06/01/06
14 MRAC96C2 Retail-Anchored 01/01/09
15 MRAC96C2 MF- Housing 12/01/01
16 MRAC96C2 Hospitality 12/01/05
17 MRAC96C2 Office 12/01/06
18 MRAC96C2 MF- Housing 08/01/06
19 MRAC96C2 Retail-Anchored 12/01/06
20 MRAC96C2 Retail-Single Tenant 01/01/09
21 MRAC96C2 MF- Housing 11/01/11
22 MRAC96C2 Office 11/01/08
23 MRAC96C2 Retail-Single Tenant 09/01/06
24 MRAC96C2 MF- Housing 01/01/04
25 MRAC96C2 Retail Facility 10/01/06
26 MRAC96C2 MF- Housing 12/01/06
27 MRAC96C2 MF- Housing 01/01/07
Page - 14
<PAGE>
LOAN LEVEL DETAIL, Continued
Property
Disclosure Type Maturity
Control # Group Code Date
28 MRAC96C2 MF- Housing 07/01/06
29 MRAC96C2 Office 09/01/08
30 MRAC96C2 MF- Housing 11/01/06
31 MRAC96C2 Office 11/01/08
32 MRAC96C2 MF- Housing 12/01/06
33 MRAC96C2 Retail Facility 12/01/06
34 MRAC96C2 Office 01/01/04
35 MRAC96C2 Retail Facility 08/14/05
36 MRAC96C2 Retail Facility 09/01/06
37 MRAC96C2 MF- Housing 09/01/06
38 MRAC96C2 Retail Facility 09/01/06
39 MRAC96C2 MF- Housing 09/01/06
40 MRAC96C2 MF- Housing 09/01/06
41 MRAC96C2 MF- Housing 04/01/11
42 MRAC96C2 Congregate Care 12/01/01
43 MRAC96C2 Industrial/Warehouse 11/01/03
44 MRAC96C2 Retail Facility 12/31/05
45 MRAC96C2 MF- Housing 11/01/06
46 MRAC96C2 MF- Housing 07/01/21
47 MRAC96C2 MF- Housing 11/01/06
48 MRAC96C2 Retail-Single Tenant 12/01/08
49 MRAC96C2 Retail Facility 11/01/06
50 MRAC96C2 Retail Facility 01/01/07
51 MRAC96C2 MF- Housing 12/01/06
52 MRAC96C2 Office 12/01/07
53 MRAC96C2 Retail Facility 12/01/06
54 MRAC96C2 Industrial 01/01/04
55 MRAC96C2 MF- Housing 11/01/06
56 MRAC96C2 R&D 03/01/06
57 MRAC96C2 Retail-Single Tenant 12/01/08
58 MRAC96C2 MF- Housing 10/01/08
59 MRAC96C2 Retail-Anchored 12/01/06
60 MRAC96C2 Office 09/01/06
61 MRAC96C2 MF- Housing 09/01/06
62 MRAC96C2 Retail Facility 11/01/06
63 MRAC96C2 Warehouse 01/01/07
64 MRAC96C2 Office 01/01/07
65 MRAC96C2 Office 09/01/06
66 MRAC96C2 MF- Housing 12/01/06
67 MRAC96C2 MF- Housing 09/01/06
68 MRAC96C2 MF- Housing 12/01/08
69 MRAC96C2 MF- Housing 08/01/06
70 MRAC96C2 MF- Housing 06/01/06
71 MRAC96C2 MF- Housing 12/01/06
72 MRAC96C2 Office 10/01/06
73 MRAC96C2 MF- Housing 11/01/11
74 MRAC96C2 MF- Housing 05/01/06
75 MRAC96C2 Retail Facility 12/01/06
76 MRAC96C2 Mobile Home Park 11/01/06
77 MRAC96C2 Office 12/01/06
78 MRAC96C2 Retail Facility 10/01/08
79 MRAC96C2 Office\MF\Retail 01/01/05
80 MRAC96C2 Industrial/Warehouse 12/01/06
81 MRAC96C2 MF- Housing 12/01/08
82 MRAC96C2 MF- Housing 10/01/10
83 MRAC96C2 MF- Housing 12/01/08
84 MRAC96C2 Industrial/Warehouse 09/01/08
85 MRAC96C2 Retail-Anchored 01/01/07
86 MRAC96C2 Retail-Single Tenant 06/01/03
87 MRAC96C2 MF- Housing 12/01/06
88 MRAC96C2 MF- Housing 10/01/06
89 MRAC96C2 MF- Housing 07/01/06
90 MRAC96C2 Office 10/01/08
91 MRAC96C2 MF- Housing 07/01/06
92 MRAC96C2 Office/Retail 12/01/06
Page - 15
<PAGE>
LOAN LEVEL DETAIL, Continued
Property
Disclosure Type Maturity
Control # Group Code Date
93 MRAC96C2 Retail Facility 06/01/06
94 MRAC96C2 MF- Housing 01/01/07
95 MRAC96C2 MF- Housing 12/01/11
96 MRAC96C2 MF- Housing 08/01/06
97 MRAC96C2 MF- Housing 11/01/11
98 MRAC96C2 Office 09/01/08
99 MRAC96C2 Retail-Anchored 09/18/02
100 MRAC96C2 Retail-Anchored 11/01/06
101 MRAC96C2 Industrial/Warehouse 10/01/08
102 MRAC96C2 Retail-Single Tenant 02/01/06
103 MRAC96C2 MF- Housing 01/01/07
104 MRAC96C2 Retail-Single Tenant 02/01/06
105 MRAC96C2 MF- Housing 10/01/16
106 MRAC96C2 Warehouse 12/01/08
107 MRAC96C2 MF- Housing 12/01/06
108 MRAC96C2 MF- Housing 10/01/06
109 MRAC96C2 MF- Housing 08/01/06
110 MRAC96C2 Office 10/01/06
111 MRAC96C2 MF- Housing 11/01/08
112 MRAC96C2 MF- Housing 12/01/11
113 MRAC96C2 MF- Housing 11/01/11
114 MRAC96C2 MF- Housing 09/01/11
115 MRAC96C2 Warehouse 10/01/08
116 MRAC96C2 MF- Housing 08/01/06
117 MRAC96C2 MF- Housing 10/01/11
118 MRAC96C2 MF- Housing 12/01/11
119 MRAC96C2 MF- Housing 09/01/06
120 MRAC96C2 Retail Facility 09/01/08
121 MRAC96C2 Retail Facility 10/01/06
122 MRAC96C2 Mobile Home Park 12/01/06
123 MRAC96C2 Retail-Anchored 10/01/06
124 MRAC96C2 Retail-Single Tenant 02/01/06
125 MRAC96C2 Industrial/Warehouse 01/01/04
126 MRAC96C2 Industrial/Warehouse 01/01/07
127 MRAC96C2 MF- Housing 09/01/06
128 MRAC96C2 Retail-Single Tenant 02/01/06
129 MRAC96C2 MF- Housing 10/01/06
130 MRAC96C2 Retail-Single Tenant 02/01/06
131 MRAC96C2 MF- Housing 08/01/06
132 MRAC96C2 Office 12/01/06
133 MRAC96C2 Warehouse 12/01/06
134 MRAC96C2 Retail-Single Tenant 02/01/06
135 MRAC96C2 Retail-Single Tenant 04/01/06
136 MRAC96C2 Industrial/Warehouse 01/01/07
<TABLE>
<CAPTION>
Operating Ending
Disclosure Statement Principal Note
Control # DSCR (1) NOI (1) Date Balance Rate
<S> <C> <C> <C> <C> <C>
1 1.351 3,151,253 12/31/95 27,270,921 7.610%
2 1.291 2,713,770 12/31/95 17,637,318 8.590%
3 1.231 1,913,575 12/31/95 16,879,705 8.470%
4 1.287 1,553,293 12/31/95 12,326,247 8.540%
5 1.508 1,696,800 09/30/96 11,688,551 8.440%
6 1.325 1,449,580 07/31/96 10,688,113 8.890%
7 1.504 1,684,104 10/31/96 10,281,698 8.830%
8 1.726 1,484,472 12/31/95 10,200,000 8.430%
9 1.017 1,001,938 12/31/95 10,030,023 9.180%
10 1.371 1,193,607 -- 9,793,544 8.090%
<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 - 16
<PAGE>
<TABLE>
<CAPTION>
Operating Ending
Disclosure Statement Principal Note
Control # DSCR (1) NOI (1) Date Balance Rate
<S> <C> <C> <C> <C> <C>
11 1.057 902,552 12/31/95 8,999,680 8.790%
12 1.865 1,438,355 12/31/95 8,916,000 8.650%
13 1.347 1,227,239 12/31/95 8,648,756 9.490%
14 1.775 1,274,901 06/30/96 8,500,000 8.450%
15 1.595 1,155,732 -- 8,389,123 7.790%
16 2.974 2,568,611 -- 7,837,083 9.000%
17 1.260 988,959 12/31/95 7,842,892 8.910%
18 1.311 994,295 09/30/96 7,704,399 9.188%
19 1.550 1,185,393 12/31/95 7,692,935 8.830%
20 1.657 1,103,688 -- 7,500,000 8.880%
21 1.124 804,063 04/30/96 7,464,634 8.900%
22 2.208 1,689,955 05/31/96 7,103,394 8.930%
23 1.385 966,216 -- 6,974,195 8.870%
24 1.025 526,185 12/31/95 6,300,000 8.150%
25 1.535 952,979 12/31/95 6,056,138 9.190%
26 1.476 739,781 12/31/95 5,646,270 8.080%
27 1.733 827,613 12/31/95 5,625,000 8.490%
28 1.328 757,070 12/31/95 5,520,910 9.240%
29 1.426 696,513 12/31/95 5,186,928 9.420%
30 1.184 571,718 12/31/95 5,094,147 8.780%
31 1.558 804,893 12/31/95 5,041,239 9.190%
32 1.402 660,351 12/31/95 4,994,911 8.200%
33 1.582 783,588 12/31/95 4,995,390 8.800%
34 1.598 658,804 12/31/95 4,850,000 8.500%
35 1.130 565,165 12/31/94 4,804,044 9.230%
36 1.471 704,162 12/31/95 4,633,956 9.270%
37 1.257 547,813 12/31/95 4,634,036 8.680%
38 1.553 735,821 06/30/96 4,613,839 9.200%
39 1.745 808,421 12/31/95 4,543,843 9.110%
40 1.611 696,864 12/31/95 4,541,561 8.820%
41 1.379 772,901 12/31/95 4,499,151 8.970%
42 1.443 623,120 12/31/95 4,470,650 8.480%
43 1.327 603,694 -- 4,392,543 9.330%
44 1.533 629,284 12/31/95 4,150,344 8.640%
45 1.488 557,774 12/31/95 4,094,912 8.400%
46 1.639 585,659 -- 3,678,069 8.490%
47 1.443 461,434 12/31/95 3,435,886 8.580%
48 1.515 520,812 08/31/96 3,412,948 8.990%
49 1.459 508,871 12/31/95 3,394,141 9.230%
50 2.259 636,463 11/30/96 3,250,000 8.670%
51 1.494 460,028 -- 3,236,756 8.300%
52 1.504 490,920 09/30/96 3,197,221 9.160%
53 1.202 380,555 03/31/96 3,197,039 8.780%
54 1.310 451,892 12/31/95 3,200,000 8.900%
55 1.280 405,036 12/31/95 3,169,191 8.870%
56 1.376 456,369 12/31/95 3,136,983 9.550%
57 1.527 476,171 -- 3,097,230 8.990%
58 1.234 349,704 12/31/95 2,883,407 9.180%
59 0.944 268,032 12/31/95 2,872,331 8.760%
60 1.532 433,653 12/31/95 2,789,980 9.050%
61 1.393 390,805 12/31/95 2,724,504 9.230%
62 1.013 276,522 12/31/95 2,695,205 9.050%
63 1.516 348,497 12/31/95 2,625,000 8.760%
64 1.937 416,208 10/31/96 2,525,000 8.510%
65 1.732 517,584 12/31/95 2,504,625 9.440%
66 1.706 414,223 -- 2,497,601 8.560%
67 1.749 421,716 12/31/95 2,428,380 8.780%
68 1.466 365,798 12/31/95 2,396,163 8.480%
69 1.150 277,670 12/31/95 2,349,663 9.200%
70 1.349 313,421 12/31/95 2,309,932 8.910%
71 1.355 294,086 12/31/95 2,247,813 8.480%
72 1.186 283,015 04/30/96 2,239,588 9.670%
73 1.323 283,594 -- 2,185,845 8.650%
74 2.015 428,429 12/31/95 2,109,228 8.920%
<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 - 17
<PAGE>
<TABLE>
<CAPTION>
Operating Ending
Disclosure Statement Principal Note
Control # DSCR (1) NOI (1) Date Balance Rate
<S> <C> <C> <C> <C> <C>
75 1.552 327,147 12/31/95 2,098,114 8.960%
76 1.733 522,919 07/31/96 1,979,042 8.820%
77 1.793 352,405 10/31/96 1,948,264 9.010%
78 1.371 273,349 12/31/95 1,944,906 9.190%
79 2.029 341,058 05/31/96 1,925,000 8.730%
80 1.484 280,855 12/31/95 1,898,268 8.870%
81 1.239 241,451 12/31/95 1,847,108 8.660%
82 1.302 234,274 12/31/95 1,836,057 9.150%
83 1.766 328,434 12/31/95 1,797,089 8.390%
84 1.654 303,526 12/31/95 1,768,932 9.325%
85 1.570 238,399 12/31/95 1,760,000 8.630%
86 1.313 262,157 12/31/95 1,742,720 9.700%
87 1.937 322,110 09/30/96 1,727,913 8.440%
88 1.511 281,152 12/31/95 1,717,184 8.990%
89 1.691 289,041 12/31/95 1,696,915 8.980%
90 1.998 346,737 12/31/95 1,645,935 9.540%
91 1.581 268,261 12/31/95 1,641,380 9.260%
92 1.720 281,836 12/31/95 1,598,622 9.210%
93 1.593 248,074 12/31/95 1,538,589 8.970%
94 1.453 183,752 -- 1,511,000 8.370%
95 1.841 328,921 12/31/95 1,495,902 8.630%
96 1.476 215,926 12/31/95 1,428,662 9.150%
97 1.432 244,870 -- 1,392,613 9.060%
98 1.420 201,820 12/31/95 1,385,140 9.190%
99 1.457 206,358 -- 1,380,426 9.055%
100 1.685 230,937 12/31/95 1,347,623 9.100%
101 1.571 265,977 12/31/95 1,339,700 9.510%
102 1.589 223,321 -- 1,306,820 8.700%
103 1.628 183,240 12/31/95 1,300,000 8.660%
104 1.589 220,903 -- 1,292,671 8.700%
105 1.528 191,878 12/31/95 1,272,989 9.220%
106 1.396 190,798 12/31/95 1,248,171 9.180%
107 1.469 177,176 12/31/95 1,248,785 8.480%
108 1.202 145,468 12/31/95 1,247,949 9.030%
109 1.516 189,994 12/31/95 1,244,294 8.950%
110 1.556 192,260 12/31/95 1,207,821 9.160%
111 1.715 187,981 12/31/95 1,158,663 8.760%
112 1.497 171,115 12/31/95 1,098,652 8.920%
113 1.337 140,129 -- 1,098,756 8.850%
114 1.585 173,102 12/31/95 1,056,349 9.280%
115 1.273 138,524 12/31/95 1,047,329 9.350%
116 1.692 178,227 12/31/95 1,045,207 8.950%
117 1.854 192,471 12/31/95 1,027,228 9.010%
118 1.333 124,611 12/31/95 999,411 8.640%
119 1.834 185,259 12/31/95 996,416 9.040%
120 1.470 164,504 12/31/95 994,322 9.510%
121 1.491 155,507 12/31/95 977,646 9.690%
122 1.445 147,384 12/31/95 948,563 8.920%
123 1.348 132,960 -- 941,643 9.460%
124 1.589 160,590 -- 939,735 8.700%
125 2.321 188,387 12/31/95 935,000 8.680%
126 1.921 158,842 12/31/95 930,000 8.890%
127 1.427 128,632 08/31/96 896,715 8.930%
128 1.589 152,746 -- 893,830 8.700%
129 1.924 180,608 -- 846,306 9.320%
130 1.589 142,568 -- 834,275 8.700%
131 2.147 179,523 12/31/95 812,064 9.220%
132 -0.720 -58,949 12/31/95 799,310 9.200%
133 1.952 147,773 12/31/95 749,334 9.030%
134 1.589 121,997 12/31/95 713,899 8.700%
135 2.772 208,512 -- 673,719 9.280%
136 1.743 94,978 12/31/95 620,000 8.790%
<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 - 18
<PAGE>
<TABLE>
LOAN LEVEL DETAIL, Continued
<CAPTION>
Loan
Disclosure Scheduled Prepayment Status
Control # P&I Prepayment Date Code (1)
<S> <C> <C> <C> <C>
1 194,343 -- -- --
2 175,208 367 -- --
3 129,511 -- -- --
4 100,587 -- -- --
5 93,739 -- -- --
6 91,156 -- -- --
7 93,326 -- -- --
8 71,655 -- -- --
9 82,137 -- -- --
10 72,525 -- -- --
11 71,139 -- -- --
12 64,270 -- -- --
13 75,951 -- -- --
14 59,854 -- -- --
15 60,375 -- -- --
16 71,978 -- -- --
17 65,394 -- -- --
18 63,202 -- -- --
19 63,724 -- -- --
20 55,500 -- -- --
21 59,593 -- -- --
22 63,785 -- -- --
23 58,122 -- -- --
24 42,788 -- -- --
25 51,748 -- -- --
26 41,773 -- -- --
27 39,797 -- -- --
28 47,491 -- -- --
29 40,717 -- -- --
30 40,231 -- -- --
31 43,038 -- -- --
32 39,256 -- -- --
33 41,277 -- -- --
34 34,354 -- -- --
35 41,681 -- -- --
36 39,886 -- -- --
37 36,310 -- -- --
38 39,491 -- -- --
39 38,611 -- -- --
40 36,038 -- -- --
41 46,701 -- -- --
42 35,974 -- -- --
43 37,924 -- -- --
44 34,217 -- -- --
45 31,235 -- -- --
46 29,768 -- -- --
47 26,646 -- -- --
48 28,644 -- -- --
49 29,070 -- -- --
50 23,481 -- -- --
51 25,654 -- -- --
52 27,206 -- -- --
53 26,374 -- -- --
<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 - 19
<PAGE>
<TABLE>
LOAN LEVEL DETAIL, Continued
<CAPTION>
Loan
Disclosure Scheduled Prepayment Status
Control # P&I Prepayment Date Code (1)
<S> <C> <C> <C> <C>
54 23,733 -- -- --
55 26,362 -- -- --
56 27,631 -- -- --
57 25,994 -- -- --
58 23,613 -- -- --
59 23,656 -- -- --
60 23,593 -- -- B
61 23,376 -- -- --
62 22,751 -- -- --
63 19,163 -- -- --
64 17,906 -- -- --
65 24,897 -- -- --
66 20,232 -- -- --
67 20,089 -- -- --
68 20,797 -- -- --
69 20,129 -- -- B
70 19,368 -- -- --
71 18,087 -- -- --
72 19,880 -- -- --
73 17,856 -- -- --
74 17,717 -- -- --
75 17,566 -- -- --
76 25,141 -- -- B
77 16,378 -- -- --
78 16,619 -- -- --
79 14,004 -- -- --
80 15,776 -- -- --
81 16,243 -- -- --
82 14,996 -- -- --
83 15,496 -- -- --
84 15,293 -- -- --
85 12,657 -- -- --
86 16,636 -- -- --
87 13,857 -- -- --
88 15,509 -- -- --
89 14,245 -- -- --
90 14,462 -- -- --
91 14,142 -- -- --
92 13,658 -- -- --
93 12,976 -- -- --
94 10,539 -- -- --
95 14,886 -- -- --
96 12,190 -- -- --
97 14,250 17 -- --
98 11,846 -- -- --
99 11,802 -- -- --
<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 - 20
<PAGE>
<TABLE>
LOAN LEVEL DETAIL, Continued
<CAPTION>
Loan
Disclosure Scheduled Prepayment Status
Control # P&I Prepayment Date Code (1)
<S> <C> <C> <C> <C>
100 11,422 -- -- --
101 14,105 -- -- --
102 11,715 -- -- --
103 9,382 -- -- --
104 11,588 -- -- --
105 10,461 -- -- --
106 11,392 -- -- --
107 10,049 -- -- --
108 10,085 -- -- --
109 10,447 -- -- --
110 10,296 -- -- --
111 9,134 -- -- --
112 9,525 -- -- --
113 8,732 -- -- --
114 9,100 -- -- --
115 9,065 -- -- --
116 8,776 -- -- --
117 8,651 -- -- --
118 7,789 -- -- --
119 8,419 -- -- --
120 9,328 -- -- --
121 8,692 -- -- --
122 8,499 -- -- --
123 8,221 -- -- --
124 8,424 -- -- --
125 6,763 -- -- --
126 6,890 -- -- --
127 7,510 -- -- --
128 8,013 -- -- --
129 7,823 -- -- --
130 7,479 -- -- --
131 6,968 -- -- --
132 6,823 -- -- --
133 6,309 -- -- --
134 6,400 -- -- --
135 6,268 -- -- --
136 4,542 -- -- --
<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 - 21
<PAGE>
SPECIALLY SERVICED LOAN DETAIL
Beginning
Disclosure Scheduled Interest Maturity Property
Control # Balance Rate Date Type
<TABLE>
SPECIALLY SERVICED LOAN DETAIL, Continued
<CAPTION>
Specially
Disclosure Serviced
Control # Status Code (1) Comments
<S> <C> <C>
<FN>
(1) 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>
MODIFIED LOAN DETAIL
Disclosure Modification Modification
Control # Date Description
REALIZED LOSS DETAIL
Beginning
Dist. Disclosure Appraisal Appraisal Scheduled
Date Control # Date Value Balance
<TABLE>
REALIZED LOSS DETAIL, Continued
<CAPTION>
Gross Proceeds Aggregate Net
Disclosure Gross as a % of Liquidation Liquidation
Control # Proceeds Sched Principal Expenses (1) Proceeds
<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>
Net Proceeds
Disclosure as a % of Realized
Control # Sched. Balance Loss
Page - 23
<TABLE>
MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
LOAN PORTFOLIO ANALYSIS SYSTEM - LOAN STATUS
PORTFOLIO: MIDLAND REALTY ACCEPT CORP 1996 C2
REPORTING PERIOD: JANUARY, 1997
DATE PRINTED: 03-FEB-97
<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 27,270,921 0 77.9% 1.41 N/A PERFORMING PERFORM TO MATURITY
002 17,637,318 0 55.1% 1.29 N/A PERFORMING PERFORM TO MATURITY
003 16,879,705 0 75.7% 1.11 N/A PERFORMING PERFORM TO MATURITY
004 12,326,247 0 N/A 1.28 N/A PERFORMING PERFORM TO MATURITY
005 11,688,551 0 64.7% 1.50 N/A PERFORMING PERFORM TO MATURITY
006 10,688,113 0 71.3% 1.32 N/A PERFORMING PERFORM TO MATURITY
007 10,281,698 0 60.1% 1.36 N/A PERFORMING PERFORM TO MATURITY
008 10,200,000 0 72.3% 2.08 N/A PERFORMING PERFORM TO MATURITY
009 10,030,023 0 74.9% 1.01 N/A PERFORMING PERFORM TO MATURITY
010 9,793,544 0 79.6% 1.13 N/A PERFORMING PERFORM TO MATURITY
011 8,999,680 0 84.9% 1.05 N/A PERFORMING PERFORM TO MATURITY
012 8,916,000 0 58.7% 1.86 N/A PERFORMING PERFORM TO MATURITY
013 8,648,756 0 70.9% 1.34 N/A PERFORMING PERFORM TO MATURITY
014 8,500,000 0 70.8% 1.77 N/A PERFORMING PERFORM TO MATURITY
015 8,389,123 0 74.7% 1.49 N/A PERFORMING PERFORM TO MATURITY
016 7,837,083 0 40.8% 2.97 N/A PERFORMING PERFORM TO MATURITY
017 7,842,892 0 74.7% 1.29 N/A PERFORMING PERFORM TO MATURITY
018 7,704,399 0 78.2% 1.31 N/A PERFORMING PERFORM TO MATURITY
019 7,692,935 0 72.7% 1.55 N/A PERFORMING PERFORM TO MATURITY
020 7,500,000 0 62.5% 1.65 N/A PERFORMING PERFORM TO MATURITY
021 7,464,634 0 78.6% 1.12 N/A PERFORMING PERFORM TO MATURITY
022 7,103,394 0 67.7% 2.20 N/A PERFORMING PERFORM TO MATURITY
023 6,974,195 0 65.8% 1.38 N/A PERFORMING PERFORM TO MATURITY
024 6,300,000 0 79.7% 1.02 N/A PERFORMING PERFORM TO MATURITY
025 6,056,138 0 73.0% 1.53 N/A PERFORMING PERFORM TO MATURITY
026 5,646,270 0 74.3% 1.43 N/A PERFORMING PERFORM TO MATURITY
027 5,625,000 0 67.8% 1.73 N/A PERFORMING PERFORM TO MATURITY
028 5,520,910 0 73.1% 1.32 N/A PERFORMING PERFORM TO MATURITY
029 5,186,928 0 67.8% 1.42 N/A PERFORMING PERFORM TO MATURITY
030 5,094,147 0 78.6% 1.18 N/A PERFORMING PERFORM TO MATURITY
031 5,041,239 0 34.3% 1.55 N/A PERFORMING PERFORM TO MATURITY
032 4,994,911 0 78.0% 1.40 N/A PERFORMING PERFORM TO MATURITY
033 4,995,390 0 71.4% 1.58 N/A PERFORMING PERFORM TO MATURITY
034 4,850,000 0 65.5% 1.59 N/A PERFORMING PERFORM TO MATURITY
035 4,804,044 0 64.1% 1.12 N/A PERFORMING PERFORM TO MATURITY
036 4,633,956 0 76.0% 1.47 N/A PERFORMING PERFORM TO MATURITY
037 4,634,036 0 79.2% 1.25 N/A PERFORMING PERFORM TO MATURITY
038 4,613,839 0 66.9% 1.55 N/A PERFORMING PERFORM TO MATURITY
039 4,543,843 0 N/A 1.74 N/A PERFORMING PERFORM TO MATURITY
040 4,541,561 0 73.3% 1.61 N/A PERFORMING PERFORM TO MATURITY
041 4,499,151 0 69.2% 1.38 N/A PERFORMING PERFORM TO MATURITY
042 4,470,650 0 72.4% 1.44 N/A PERFORMING PERFORM TO MATURITY
043 4,392,543 0 66.0% 1.43 N/A PERFORMING PERFORM TO MATURITY
044 4,150,344 0 66.9% 1.50 N/A PERFORMING PERFORM TO MATURITY
045 4,094,912 0 73.6% 1.48 N/A PERFORMING PERFORM TO MATURITY
046 3,678,069 0 54.2% 1.63 N/A PERFORMING PERFORM TO MATURITY
047 3,435,886 0 70.1% 1.44 N/A PERFORMING PERFORM TO MATURITY
048 3,412,948 0 N/A 1.51 N/A PERFORMING PERFORM TO MATURITY
049 3,394,141 0 72.2% 1.45 N/A PERFORMING PERFORM TO MATURITY
050 3,250,000 0 53.3% 1.97 N/A PERFORMING PERFORM TO MATURITY
051 3,236,756 0 N/A 1.51 N/A PERFORMING PERFORM TO MATURITY
052 3,197,221 0 69.5% 1.54 N/A PERFORMING PERFORM TO MATURITY
053 3,197,039 0 73.5% 1.04 N/A PERFORMING PERFORM TO MATURITY
054 3,200,000 16 67.4% 1.80 N/A PERFORMING
055 3,169,191 0 72.5% 1.28 N/A PERFORMING PERFORM TO MATURITY
056 3,136,983 0 68.5% 1.34 N/A PERFORMING PERFORM TO MATURITY
057 3,097,230 0 N/A 1.52 N/A PERFORMING PERFORM TO MATURITY
</TABLE>
Page - 24
<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>
058 2,883,407 0 84.6% 1.23 N/A PERFORMING PERFORM TO MATURITY
059 2,872,331 0 73.6% 0.94 N/A PERFORMING PERFORM TO MATURITY
060 2,792,514 16 55.9% 1.53 N/A PERFORMING PERFORM TO MATURITY
061 2,724,504 0 76.7% 1.39 N/A PERFORMING PERFORM TO MATURITY
062 2,695,205 0 67.4% 1.01 N/A PERFORMING PERFORM TO MATURITY
063 2,625,000 0 73.9% 1.51 N/A PERFORMING PERFORM TO MATURITY
064 2,525,000 0 63.1% 1.93 N/A PERFORMING PERFORM TO MATURITY
065 2,504,625 0 56.0% 1.73 N/A PERFORMING PERFORM TO MATURITY
066 2,497,601 0 73.5% 1.70 N/A PERFORMING PERFORM TO MATURITY
067 2,428,380 0 71.4% 1.74 N/A PERFORMING PERFORM TO MATURITY
068 2,396,163 0 79.9% 1.46 N/A PERFORMING PERFORM TO MATURITY
069 2,351,762 16 64.4% 1.14 N/A PERFORMING PERFORM TO MATURITY
070 2,309,932 0 71.1% 1.34 N/A PERFORMING PERFORM TO MATURITY
071 2,247,813 0 73.0% 1.35 N/A PERFORMING PERFORM TO MATURITY
072 2,239,588 0 74.7% 1.18 N/A PERFORMING PERFORM TO MATURITY
073 2,185,845 0 72.9% 1.32 N/A PERFORMING PERFORM TO MATURITY
074 2,109,228 0 56.2% 1.25 N/A PERFORMING PERFORM TO MATURITY
075 2,098,114 0 69.9% 1.55 N/A PERFORMING PERFORM TO MATURITY
076 1,989,559 16 44.4% 1.73 N/A PERFORMING PERFORM TO MATURITY
077 1,948,264 0 64.9% 1.79 N/A PERFORMING PERFORM TO MATURITY
078 1,944,906 0 71.0% 1.37 N/A PERFORMING PERFORM TO MATURITY
079 1,925,000 0 67.8% 2.02 N/A PERFORMING PERFORM TO MATURITY
080 1,898,268 0 73.0% 1.44 N/A PERFORMING PERFORM TO MATURITY
081 1,847,108 0 74.6% 1.24 N/A PERFORMING PERFORM TO MATURITY
082 1,836,057 0 76.8% 1.30 N/A PERFORMING PERFORM TO MATURITY
083 1,797,089 0 66.6% 1.76 N/A PERFORMING PERFORM TO MATURITY
084 1,768,932 0 65.5% 1.65 N/A PERFORMING PERFORM TO MATURITY
085 1,760,000 0 67.7% 1.56 N/A PERFORMING PERFORM TO MATURITY
086 1,742,720 0 74.2% 1.31 N/A PERFORMING PERFORM TO MATURITY
087 1,727,913 0 69.1% 1.93 N/A PERFORMING PERFORM TO MATURITY
088 1,717,184 0 70.1% 1.51 N/A PERFORMING PERFORM TO MATURITY
089 1,696,915 0 70.7% 1.69 N/A PERFORMING PERFORM TO MATURITY
090 1,645,935 0 56.8% 1.99 N/A PERFORMING PERFORM TO MATURITY
091 1,641,380 0 63.1% 1.58 N/A PERFORMING PERFORM TO MATURITY
092 1,598,622 0 62.7% 1.71 N/A PERFORMING PERFORM TO MATURITY
093 1,538,589 0 68.1% 1.59 N/A PERFORMING PERFORM TO MATURITY
094 1,511,000 0 68.7% 1.45 N/A PERFORMING PERFORM TO MATURITY
095 1,495,902 0 59.4% 1.06 N/A PERFORMING PERFORM TO MATURITY
096 1,428,662 0 72.9% 1.47 N/A PERFORMING PERFORM TO MATURITY
097 1,392,613 0 63.3% 1.43 N/A PERFORMING PERFORM TO MATURITY
098 1,385,140 0 N/A 1.41 N/A PERFORMING PERFORM TO MATURITY
099 1,380,426 0 67.3% 1.45 N/A PERFORMING PERFORM TO MATURITY
100 1,347,623 0 59.9% 1.68 N/A PERFORMING PERFORM TO MATURITY
101 1,339,700 0 56.5% 1.57 N/A PERFORMING PERFORM TO MATURITY
102 1,306,820 0 59.4% 1.58 N/A PERFORMING PERFORM TO MATURITY
103 1,300,000 0 N/A 1.62 N/A PERFORMING PERFORM TO MATURITY
104 1,292,671 0 57.5% 1.58 N/A PERFORMING PERFORM TO MATURITY
105 1,272,989 0 84.9% 1.52 N/A PERFORMING PERFORM TO MATURITY
106 1,248,171 0 66.8% 1.39 N/A PERFORMING PERFORM TO MATURITY
107 1,248,785 0 73.5% 1.46 N/A PERFORMING PERFORM TO MATURITY
108 1,247,949 0 69.3% 1.20 N/A PERFORMING PERFORM TO MATURITY
109 1,244,294 0 63.9% 1.51 N/A PERFORMING PERFORM TO MATURITY
110 1,207,821 0 61.9% 1.55 N/A PERFORMING PERFORM TO MATURITY
111 1,158,663 0 64.4% 1.71 N/A PERFORMING PERFORM TO MATURITY
112 1,098,652 0 74.7% 1.49 N/A PERFORMING PERFORM TO MATURITY
113 1,098,756 0 52.1% 1.33 N/A PERFORMING PERFORM TO MATURITY
114 1,056,349 0 66.4% 0.72 N/A PERFORMING PERFORM TO MATURITY
115 1,047,329 0 67.6% 1.27 N/A PERFORMING PERFORM TO MATURITY
</TABLE>
Page - 25
<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>
116 1,045,207 0 62.9% 1.69 N/A PERFORMING PERFORM TO MATURITY
117 1,027,228 0 67.6% 1.85 N/A PERFORMING PERFORM TO MATURITY
118 999,411 0 38.5% 1.33 N/A PERFORMING PERFORM TO MATURITY
119 996,416 0 39.9% 1.83 N/A PERFORMING PERFORM TO MATURITY
120 994,322 0 58.5% 1.46 N/A PERFORMING PERFORM TO MATURITY
121 977,646 0 72.4% 1.49 N/A PERFORMING PERFORM TO MATURITY
122 948,563 0 67.8% 1.44 N/A PERFORMING PERFORM TO MATURITY
123 941,643 0 73.9% 1.34 N/A PERFORMING PERFORM TO MATURITY
124 939,735 0 58.4% 1.58 N/A PERFORMING PERFORM TO MATURITY
125 935,000 0 N/A 2.32 N/A PERFORMING PERFORM TO MATURITY
126 930,000 0 74.4% 1.92 N/A PERFORMING PERFORM TO MATURITY
127 896,715 0 74.7% 1.42 N/A PERFORMING PERFORM TO MATURITY
128 893,830 0 59.6% 1.58 N/A PERFORMING PERFORM TO MATURITY
129 846,306 0 44.5% 1.92 N/A PERFORMING PERFORM TO MATURITY
130 834,275 0 55.3% 1.58 N/A PERFORMING PERFORM TO MATURITY
131 812,064 0 71.9% 2.14 N/A PERFORMING PERFORM TO MATURITY
132 799,310 0 66.6% 1.51 N/A PERFORMING PERFORM TO MATURITY
133 749,334 0 66.6% 1.98 N/A PERFORMING PERFORM TO MATURITY
134 713,899 0 56.0% 1.58 N/A PERFORMING PERFORM TO MATURITY
135 673,719 0 32.1% 2.77 N/A PERFORMING PERFORM TO MATURITY
136 620,000 0 56.4% 1.74 N/A PERFORMING PERFORM TO MATURITY
- -- ----------- -- ------ ---- ---- ------------------------- ------------------------------
TOTAL 511,660,873
===========
</TABLE>
Page - 26
<PAGE>
<TABLE>
MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
LOAN PORTFOLIO ANALYSIS SYSTEM - LOAN TERMS
PORTFOLIO: MIDLAND REALTY ACCEPT CORP 1996 C2
REPORTING PERIOD: JANUARY, 1997
DATE PRINTED: 03-FEB-97
<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 27,270,921 1/4/96 2/1/2026 109 7.610% F 194,343
002 17,637,318 3/13/96 4/1/2011 75 8.590% F 175,493
003 16,879,705 11/12/96 12/1/2026 119 8.470% F 129,511
004 12,326,247 2/29/96 3/1/2021 74 8.540% F 100,587
005 11,688,551 11/22/96 12/1/2021 119 8.440% F 93,739
006 10,688,113 11/22/96 12/1/2019 119 8.890% F 91,156
007 10,281,698 11/8/95 12/1/2015 70 8.830% F 93,326
008 10,200,000 12/5/96 1/1/2022 120 8.430% F 81,653
009 10,030,023 9/27/96 10/1/2026 117 9.180% F 82,137
010 9,793,544 11/22/96 12/1/2026 119 8.090% F 72,525
011 8,999,680 10/11/96 11/1/2026 178 8.790% F 71,139
012 8,916,000 12/9/96 1/1/2022 144 8.650% F 72,698
013 8,648,756 5/22/96 6/1/2021 113 9.490% F 75,951
014 8,500,000 11/27/96 1/1/2022 144 8.450% F 68,158
015 8,389,123 11/25/96 12/1/2026 59 7.790% F 60,375
016 7,837,083 11/2/95 12/1/2015 107 9.000% F 71,978
017 7,842,892 11/13/96 12/1/2021 119 8.910% F 65,394
018 7,704,399 7/31/96 8/1/2026 115 9.188% F 63,202
019 7,692,935 11/21/96 12/1/2021 119 8.830% F 63,724
020 7,500,000 12/5/96 1/1/2017 144 8.880% F 66,902
021 7,464,634 10/31/96 11/1/2026 178 8.900% F 59,593
022 7,103,394 10/11/96 11/1/2016 142 8.930% F 63,785
023 6,974,195 8/23/96 9/1/2021 116 8.870% F 58,122
024 6,300,000 12/4/96 1/1/2027 84 8.150% F 46,888
025 6,056,138 9/20/96 10/1/2021 117 9.190% F 51,748
026 5,646,270 11/23/96 12/1/2026 119 8.080% F 41,773
027 5,625,000 12/3/96 1/1/2027 120 8.490% F 43,212
028 5,520,910 6/14/96 7/1/2021 114 9.240% F 47,491
029 5,186,928 9/19/96 10/1/2021 141 9.420% F 45,143
030 5,094,147 10/24/96 11/1/2026 118 8.780% F 40,231
031 5,041,239 1/3/96 11/1/2021 142 9.190% F 43,038
032 4,994,911 11/26/96 12/1/2021 119 8.200% F 39,256
033 4,995,390 11/22/96 12/1/2021 119 8.800% F 41,277
034 4,850,000 12/5/96 1/1/2022 84 8.500% F 39,054
035 4,804,044 8/10/95 9/1/2020 103 9.230% F 41,681
036 4,633,956 8/16/96 9/1/2021 116 9.270% F 39,886
037 4,634,036 8/9/96 9/1/2026 116 8.680% F 36,310
038 4,613,839 8/19/96 9/1/2021 116 9.200% F 39,491
039 4,543,843 8/30/96 9/1/2021 116 9.110% F 38,611
040 4,541,561 8/23/96 9/1/2026 116 8.820% F 36,038
041 4,499,151 10/3/96 4/1/2011 171 8.970% F 46,701
042 4,470,650 11/6/96 12/1/2021 59 8.480% F 35,974
043 4,392,543 10/8/96 11/1/2021 82 9.330% F 37,924
044 4,150,344 12/26/95 1/1/2021 107 8.640% F 34,217
045 4,094,912 10/31/96 11/1/2026 118 8.400% F 31,235
046 3,678,069 6/3/96 7/1/2021 294 8.490% F 29,768
047 3,435,886 10/24/96 11/1/2026 118 8.580% F 26,646
048 3,412,948 11/22/96 12/1/2021 143 8.990% F 28,644
049 3,394,141 10/24/96 11/1/2021 118 9.230% F 29,070
050 3,250,000 12/4/96 1/1/2022 120 8.670% F 26,543
051 3,236,756 11/25/96 12/1/2021 119 8.300% F 25,654
052 3,197,221 11/1/96 12/1/2021 131 9.160% F 27,206
053 3,197,039 11/22/96 12/1/2021 119 8.780% F 26,374
054 3,200,000 12/13/96 1/1/2022 84 8.900% F 26,635
</TABLE>
Page - 27
<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>
055 3,169,191 10/24/96 11/1/2021 118 8.870% F 26,362
056 3,136,983 7/26/96 8/1/2021 110 9.550% F 27,631
057 3,097,230 11/22/96 12/1/2021 143 8.990% F 25,994
058 2,883,407 9/27/96 10/1/2026 141 9.180% F 23,613
059 2,872,331 11/21/96 12/1/2021 119 8.760% F 23,656
060 2,792,514 8/16/96 9/1/2021 116 9.050% F 23,593
061 2,724,504 8/7/96 9/1/2021 116 9.230% F 23,376
062 2,695,205 10/21/96 11/1/2021 118 9.050% F 22,751
063 2,625,000 12/4/96 1/1/2022 120 8.760% F 21,599
064 2,525,000 12/4/96 1/1/2022 120 8.510% F 20,349
065 2,504,625 8/26/96 9/1/2013 116 9.440% F 24,897
066 2,497,601 11/14/96 12/1/2021 119 8.560% F 20,232
067 2,428,380 8/16/96 9/1/2021 116 8.780% F 20,089
068 2,396,163 11/15/96 12/1/2016 143 8.480% F 20,797
069 2,351,762 7/12/96 8/1/2021 115 9.200% F 20,129
070 2,309,932 5/3/96 6/1/2021 113 8.910% F 19,368
071 2,247,813 11/14/96 12/1/2021 119 8.480% F 18,087
072 2,239,588 9/13/96 10/1/2021 117 9.670% F 19,880
073 2,185,845 10/31/96 11/1/2021 178 8.650% F 17,856
074 2,109,228 4/17/96 5/1/2021 112 8.920% F 17,717
075 2,098,114 11/6/96 12/1/2021 119 8.960% F 17,566
076 1,989,559 10/25/96 11/1/2006 118 8.820% F 25,141
077 1,948,264 11/25/96 12/1/2021 119 9.010% F 16,378
078 1,944,906 9/27/96 10/1/2021 141 9.190% F 16,619
079 1,925,000 11/26/96 1/1/2022 96 8.730% F 15,800
080 1,898,268 11/19/96 12/1/2021 119 8.870% F 15,776
081 1,847,108 11/11/96 12/1/2016 143 8.660% F 16,243
082 1,836,057 9/27/96 10/1/2026 165 9.150% F 14,996
083 1,797,089 11/25/96 12/1/2016 143 8.390% F 15,496
084 1,768,932 8/5/96 9/1/2021 140 9.325% F 15,293
085 1,760,000 12/4/96 1/1/2022 120 8.630% F 14,327
086 1,742,720 5/31/96 6/1/2016 77 9.700% F 16,636
087 1,727,913 11/27/96 12/1/2021 119 8.440% F 13,857
088 1,717,184 9/27/96 10/1/2016 117 8.990% F 15,509
089 1,696,915 7/1/96 7/1/2021 114 8.980% F 14,295
090 1,645,935 9/25/96 10/1/2021 141 9.540% F 14,462
091 1,641,380 6/7/96 7/1/2021 114 9.260% F 14,142
092 1,598,622 11/14/96 12/1/2021 119 9.210% F 13,658
093 1,538,589 4/4/96 5/1/2021 113 8.970% F 12,976
094 1,511,000 12/6/96 1/1/2022 120 8.370% F 12,035
095 1,495,902 11/22/96 12/1/2011 179 8.630% F 14,886
096 1,428,662 7/11/96 8/1/2021 115 9.150% F 12,190
097 1,392,613 10/30/96 11/1/2011 178 9.060% F 14,250
098 1,385,140 8/14/96 9/1/2021 140 9.190% F 11,846
099 1,380,426 9/18/95 10/1/2020 68 9.055% F 11,802
100 1,347,623 10/31/96 11/1/2021 118 9.100% F 11,422
101 1,339,700 9/3/96 10/1/2011 141 9.510% F 14,105
102 1,306,820 1/26/96 2/1/2016 109 8.700% F 11,715
103 1,300,000 12/6/96 1/1/2022 120 8.660% F 10,608
104 1,292,671 1/26/96 2/1/2016 109 8.700% F 11,588
105 1,272,989 9/27/96 10/1/2026 237 9.220% F 10,461
106 1,248,171 11/15/96 12/1/2016 143 9.180% F 11,392
107 1,248,785 11/21/96 12/1/2021 119 8.480% F 10,049
108 1,247,949 9/12/96 10/1/2026 117 9.030% F 10,085
109 1,244,294 7/11/96 8/1/2021 115 8.950% F 10,447
110 1,207,821 9/30/96 10/1/2021 117 9.160% F 10,296
111 1,158,663 10/28/96 11/1/2026 142 8.760% F 9,134
112 1,098,652 11/6/96 12/1/2018 179 8.920% F 9,525
113 1,098,756 10/21/96 11/1/2026 178 8.850% F 8,732
114 1,056,349 8/29/96 9/1/2021 176 9.280% F 9,100
115 1,047,329 9/26/96 10/1/2021 141 9.350% F 9,065
</TABLE>
Page - 28
<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>
116 1,045,207 7/11/96 8/1/2021 115 8.950% F 8,776
117 1,027,228 9/27/96 10/1/2021 177 9.010% F 8,651
118 999,411 11/13/96 12/1/2026 179 8.640% F 7,789
119 996,416 8/20/96 9/1/2021 116 9.040% F 8,419
120 994,322 8/27/96 9/1/2016 140 9.510% F 9,328
121 977,646 9/10/96 10/1/2021 117 9.690% F 8,692
122 948,563 11/20/96 12/1/2016 119 8.920% F 8,499
123 941,643 9/26/96 10/1/2021 117 9.460% F 8,221
124 939,735 1/26/96 2/1/2016 109 8.700% F 8,424
125 935,000 12/4/96 1/1/2017 84 8.680% F 8,221
126 930,000 12/3/96 1/1/2022 120 8.890% F 7,735
127 896,715 8/22/96 12/1/2014 116 8.930% F 7,510
128 893,830 1/26/96 2/1/2016 109 8.700% F 8,013
129 846,306 9/5/96 10/1/2016 117 9.320% F 7,823
130 834,275 1/26/96 2/1/2016 109 8.700% F 7,479
131 812,064 7/29/96 8/1/2021 115 9.220% F 6,968
132 799,310 11/15/96 12/1/2021 119 9.200% F 6,823
133 749,334 11/13/96 12/1/2021 119 9.030% F 6,309
134 713,899 1/26/96 2/1/2016 109 8.700% F 6,400
135 673,719 3/14/96 4/1/2016 111 9.280% F 6,268
136 620,000 12/9/96 1/1/2022 120 8.790% F 5,114
- -- ----------- -------- --------- --- ------ -- -----------
TOTAL 511,660,873
===========
</TABLE>
Page - 29
<PAGE>
<TABLE>
MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
LOAN PORTFOLIO ANALYSIS SYSTEM - PROPERTY DESCRIPTION
PORTFOLIO: MIDLAND REALTY ACCEPT CORP 1996 C2
REPORTING PERIOD: JANUARY, 1997
DATE PRINTED: 03-FEB-97
<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 DENVER CO 80074 1974 958 663,979 35,000,000 12/12/95 MAI APPRAISAL
002 1 RETAIL WAYNE PA 19087 1967 N/A N/A 32,000,000 10/25/96 MAI APPRAISAL
003 1 MIXED USE ST LOUIS MO 63102 1965 411 N/A 22,300,000 07/30/96 APPRAISAL (NON-
004 1 MIXED USE KENDALL FL 33143 1972 N/A 119,179 N/A N/A N/A
005 1 INDUSTRIAL FREMONT CA 94538 1987 1 N/A 18,060,000 10/11/96 MAI APPRAISAL
006 1 RETAIL BRONX NY 10476 1994 N/A N/A 15,000,000 10/01/96 MAI APPRAISAL
007 1 WAREHOUSE PERTH AMBOY NJ 08861 1945 N/A N/A 17,100,000 09/01/95 MAI APPRAISAL
008 1 RETAIL LAREDO TX 78041 1992 N/A 206,524 14,100,000 10/25/96 MAI APPRAISAL
009 1 OFFICE FULLERTON CA 92835 1992 N/A 69,699 13,400,000 08/21/96 MAI APPRAISAL
010 1 MULTI-FAMILY HENDERSON NV 89105 1985 260 246,816 12,300,000 11/01/96 MAI APPRAISAL
011 1 MULTI-FAMILY PALMDALE CA 93550 1993 304 283,300 10,600,000 08/31/96 MAI APPRAISAL
012 1 RETAIL BOURNE MA 02561 1972 N/A 96,049 15,200,000 10/17/96 MAI APPRAISAL
013 1 RETAIL PORT HURON MI 48060 1993 1 193,950 12,200,000 02/26/96 MAI APPRAISAL
014 1 RETAIL GARDEN GROVE CA 92643 N/A N/A 131,323 12,000,000 09/27/96 MAI APPRAISAL
015 1 MULTI-FAMILY EVERETT WA 98208 1986 264 227,568 11,225,000 11/14/96 MAI APPRAISAL
016 1 LODGING ANAHEIM CA 92802 1968 313 N/A 19,200,000 07/26/95 MAI APPRAISAL
017 1 OFFICE RIVERSIDE CA 92507 1988 N/A 110,209 10,500,000 08/19/96 MAI APPRAISAL
018 1 MULTI-FAMILY LAUREL MD 20707 1969 218 201,704 9,850,000 06/27/96 MAI APPRAISAL
019 1 RETAIL MALONE NY 14226 1991 N/A 179,247 10,580,000 10/03/96 MAI APPRAISAL
020 1 RETAIL LIVONIA MI 48152 1995 N/A N/A 12,000,000 11/01/96 MAI APPRAISAL
021 1 MULTI-FAMILY WINTER PARK FL 32792 1986 238 196,316 9,500,000 10/07/96 MAI APPRAISAL
022 1 OFFICE BALTIMORE MD 21201 1963 N/A 290,176 10,500,000 09/23/96 MAI APPRAISAL
023 1 RETAIL STONEHAM MA 02810 N/A 1 N/A 10,600,000 04/08/96 MAI APPRAISAL
024 1 MULTI-FAMILY ORLANDO FL 32839 1973 318 276,145 7,900,000 11/05/96 MAI APPRAISAL
025 1 RETAIL YUMA AZ 85634 1970 N/A N/A 8,300,000 04/15/96 MAI APPRAISAL
026 1 MULTI-FAMILY BEDFORD TX 76021 1984 284 202,956 7,600,000 11/13/96 MAI APPRAISAL
027 1 MULTI-FAMILY HOUSTON TX 77058 1979 244 226,704 8,300,000 10/12/96 MAI APPRAISAL
028 1 MULTI-FAMILY AUBURN HILLS MI 48326 1971 280 232,000 7,550,000 11/30/95 MAI APPRAISAL
029 1 INDUSTRIAL RANCHO BERNARDO CA 92127 N/A 1 N/A 7,650,000 07/15/96 MAI APPRAISAL
030 1 MULTI-FAMILY GRAPEVINE TX 76051 1983 200 167,840 6,480,000 08/01/96 MAI APPRAISAL
031 1 OFFICE SAN ANTONIO TX 78216 1981 N/A N/A 14,700,000 07/20/96 MAI APPRAISAL
032 1 MULTI-FAMILY WETHERSFIELD CT 06109 1963 163 140,990 6,400,000 10/16/96 MAI APPRAISAL
033 1 RETAIL QUEENSBURY NY 12845 N/A N/A 52,230 7,000,000 10/11/96 MAI APPRAISAL
034 1 OFFICE ALBUQUERQUE NM 87110 1983 N/A 77,488 7,400,000 11/06/96 MAI APPRAISAL
035 1 RETAIL MIDLOTHIAN VA 23113 1991 N/A 65,429 7,500,000 07/24/96 MAI APPRAISAL
036 1 RETAIL HOUSTON TX 77090 1981 N/A 126,429 6,100,000 07/26/96 MAI APPRAISAL
037 1 MULTI-FAMILY TULSA OK 74105 1977 232 140,104 5,850,000 07/16/96 MAI APPRAISAL
038 1 RETAIL LANGLEY PARK MD 20783 N/A N/A 76,475 6,900,000 07/25/96 APPRAISAL (NON-
039 1 MULTI-FAMILY BRISTOL CT 06010 N/A N/A N/A N/A N/A N/A
040 1 MULTI-FAMILY LEON VALLEY TX 78238 N/A 250 193,394 6,200,000 07/09/96 MAI APPRAISAL
041 1 MULTI-FAMILY MIAMI FL 33157 1981 210 115,920 6,500,000 11/26/95 MAI APPRAISAL
042 1 MULTI-FAMILY FALLBROOK CA 92028 1990 N/A N/A 6,175,000 07/16/96 MAI APPRAISAL
043 2 INDUSTRIAL HIALEAH FL 33142 1959 N/A 237,795 6,660,000 02/15/96 MAI APPRAISAL
044 1 RETAIL CARROLLTON TX 75006 1986 N/A 71,990 6,200,000 09/14/95 MAI APPRAISAL
045 1 MULTI-FAMILY SAN ANTONIO TX 78232 1984 204 140,184 5,560,000 07/30/96 MAI APPRAISAL
046 1 MULTI-FAMILY MIAMI FL 33173 N/A 334 206,402 6,780,000 04/04/96 MAI APPRAISAL
047 1 MULTI-FAMILY SAN ANTONIO TX 78233 1982 164 148,060 4,900,000 07/30/96 MAI APPRAISAL
048 1 RETAIL WESTMINSTER CO 80030 1994 1 N/A N/A N/A N/A
049 1 RETAIL CORPUS CHRISTI TX 78412 1986 16 51,120 4,700,000 09/05/96 MAI APPRAISAL
050 1 RETAIL STERLING VA 20166 1989 N/A 71,704 6,100,000 11/10/96 MAI APPRAISAL
051 1 MULTI-FAMILY TEXAS CITY TX 77590 N/A N/A N/A N/A N/A N/A
052 1 OFFICE LANDOVER MD 20785 1988 N/A 58,245 4,600,000 10/10/96 MAI APPRAISAL
053 1 RETAIL DALLAS TX 75287 1986 N/A 53,551 4,350,000 10/31/96 MAI APPRAISAL
054 1 INDUSTRIAL ORANGEBURG NY 10962 1961 N/A 102,560 4,750,000 09/23/96 MAI APPRAISAL
055 1 MULTI-FAMILY SPOKANE WA 99204 1995 102 84,708 4,370,000 08/19/96 MAI APPRAISAL
056 1 INDUSTRIAL CANTON MA 02021 1991 N/A N/A 4,580,000 03/29/96 MAI APPRAISAL
057 1 RETAIL GLENDALE AZ 85308 N/A 1 N/A N/A N/A N/A
058 1 MIXED USE SALT LAKE CITY UT 84111 1910 N/A 62,048 3,410,000 09/10/96 MAI APPRAISAL
059 1 RETAIL BAKERSFIELD CA 93306 1984 N/A 39,460 3,900,000 09/09/96 MAI APPRAISAL
060 1 OFFICE ROSEVILLE MN 55113 1974 N/A 83,364 5,000,000 07/31/96 MAI APPRAISAL
061 1 MULTI-FAMILY WESTLAND MI 48185 1974 144 103,200 3,550,000 11/29/95 MAI APPRAISAL
062 1 RETAIL DILLON CO 80435 1982 N/A 24,029 4,000,000 09/01/96 MAI APPRAISAL
</TABLE>
Page - 30
<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>
063 1 OFFICE WEST ST PAUL MN 55118 1988 N/A 64,417 3,550,000 10/24/96 MAI APPRAISAL
064 1 OFFICE BETHESDA MD 20817 1982 N/A 23,599 4,000,000 11/01/96 MAI APPRAISAL
065 1 MIXED USE DAVIS CA 95616 N/A N/A N/A 4,470,000 05/24/96 MAI APPRAISAL
066 1 MULTI-FAMILY NEWPORT NEWS VA 23608 1970 140 136,320 3,400,000 10/04/96 MAI APPRAISAL
067 1 MULTI-FAMILY CARROLLTON TX 75006 1969 172 N/A 3,400,000 07/25/96 MAI APPRAISAL
068 1 MULTI-FAMILY RINGGOLD GA 30736 1990 69 N/A 1,500,000 09/26/96 MAI APPRAISAL
068 3 MULTI-FAMILY EAST RIDGE TN 37412 1989 60 36,000 1,500,000 09/26/96 MAI APPRAISAL
069 1 MULTI-FAMILY ORLANDO FL 32810 1975 176 166,832 3,650,000 04/15/96 MAI APPRAISAL
070 1 MULTI-FAMILY ANN ARBOR MI 48104 1972 120 90,020 3,250,000 12/28/95 MAI APPRAISAL
071 1 MULTI-FAMILY EULESS TX 76040 1968 N/A 146,056 3,080,000 10/30/96 MAI APPRAISAL
072 1 OFFICE BLOOMFIELD CT 06002 1989 N/A 43,049 3,000,000 07/25/96 MAI APPRAISAL
073 1 MULTI-FAMILY WINTER PARK FL 32792 1973 111 93,800 3,000,000 10/02/96 MAI APPRAISAL
074 1 MULTI-FAMILY EAST POINT GA 30344 1969 128 184,104 3,750,000 12/19/95 MAI APPRAISAL
075 1 RETAIL GAITHERSBURG MD 20879 1991 N/A 16,400 3,000,000 10/16/96 MAI APPRAISAL
076 1 MANUFACTURED HOU GLENN HEIGHTS TX 75154 N/A N/A N/A 4,480,000 09/30/96 MAI APPRAISAL
077 1 OFFICE LAS VEGAS NV 89121 1983 N/A 35,178 3,000,000 10/20/96 MAI APPRAISAL
078 1 RETAIL SAN ANTONIO TX 78216 1975 N/A 29,609 2,740,000 07/17/96 MAI APPRAISAL
079 1 RETAIL HOUSTON TX 77035 1982 N/A 142,370 2,840,000 10/18/96 MAI APPRAISAL
080 1 WAREHOUSE IRWINDALE CA 91010 1978 N/A 69,304 2,600,000 07/26/96 MAI APPRAISAL
081 1 MULTI-FAMILY TEMPE AZ 85252 1980 82 57,984 2,475,000 08/22/96 MAI APPRAISAL
082 1 MIXED USE SANTA ROSA CA 95401 1922 77 N/A 2,390,000 09/05/96 MAI APPRAISAL
083 1 MULTI-FAMILY STILLWATER OK 74074 1972 125 94,388 2,700,000 10/25/96 MAI APPRAISAL
084 1 INDUSTRIAL COMMERCE CA 90040 1953 N/A N/A 2,700,000 07/03/96 MAI APPRAISAL
085 1 RETAIL DUNCANVILLE TX 75116 1979 N/A N/A 2,600,000 10/22/96 MAI APPRAISAL
086 1 RETAIL WASHINGTON TOWN PA 16412 1988 2 N/A 2,350,000 02/27/96 MAI APPRAISAL
087 1 MULTI-FAMILY LAND O LAKES FL 34639 1988 120 117,600 2,500,000 10/21/96 MAI APPRAISAL
088 1 MULTI-FAMILY COLORADO SPRING CO 80910 1965 54 59,260 2,450,000 09/09/96 MAI APPRAISAL
089 1 MULTI-FAMILY KANSAS CITY MO 64131 1967 166 N/A 2,400,000 05/03/96 MAI APPRAISAL
090 1 OFFICE DALLAS TX 75219 1986 N/A 34,725 2,900,000 08/21/96 MAI APPRAISAL
091 1 MULTI-FAMILY KALAMAZOO MI 49006 1966 132 119,680 2,600,000 11/28/95 MAI APPRAISAL
092 1 MIXED USE WORCESTER MA 01603 1988 N/A 40,913 2,550,000 09/03/96 APPRAISAL (NON-
093 1 RETAIL GLOUCESTER VA 23061 1994 7 24,075 2,260,000 11/01/95 MAI APPRAISAL
094 1 MULTI-FAMILY BAYTOWN TX 77520 1972 138 138,042 2,200,000 09/16/96 MAI APPRAISAL
095 1 MULTI-FAMILY FLAGSTAFF AZ 86001 1994 104 N/A 2,520,000 10/23/96 MAI APPRAISAL
096 1 MIXED USE HARLINGEN TX 78550 1973 72 N/A 1,961,000 06/10/96 MAI APPRAISAL
097 1 MULTI-FAMILY PLAINFIELD NJ 07601 1929 84 N/A 2,200,000 08/05/96 APPRAISAL (NON-
098 1 OFFICE SCOTTSDALE AZ 85253 1976 N/A 25,444 N/A N/A N/A
099 1 RETAIL LAKE WORTH FL 33463 1973 N/A 57,254 2,050,000 05/15/95 MAI APPRAISAL
100 1 RETAIL CALLAHAN FL 32011 1972 N/A N/A 2,250,000 08/12/96 MAI APPRAISAL
101 1 INDUSTRIAL EL CAJON CA 92020 1961 N/A N/A 2,370,000 07/01/96 APPRAISAL (NON-
102 1 RETAIL BLOOMFIELD MI 48301 1992 N/A 23,111 2,200,000 08/21/95 MAI APPRAISAL
103 1 MULTI-FAMILY HACKENSACK NJ 07601 1993 28 25,600 N/A N/A N/A
104 1 RETAIL BRICKTOWN NJ 08723 1985 N/A 20,877 2,250,000 08/21/95 MAI APPRAISAL
105 1 MULTI-FAMILY GREAT FALLS MT 59404 1916 40 N/A 1,500,000 09/05/96 MAI APPRAISAL
106 1 WAREHOUSE RINGGOLD GA 30736 N/A N/A N/A 1,234,000 09/26/96 MAI APPRAISAL
106 2 WAREHOUSE ROSSVILLE GA 30741 N/A N/A N/A 635,000 09/26/96 MAI APPRAISAL
107 1 MULTI-FAMILY TEMPE AZ 85281 1981 55 38,606 1,700,000 10/04/96 MAI APPRAISAL
108 1 MULTI-FAMILY STUDIO CITY CA 91604 N/A 16 N/A 1,800,000 07/03/96 MAI APPRAISAL
109 1 MULTI-FAMILY HARLINGEN TX 78550 1973 104 81,992 1,948,000 06/06/96 MAI APPRAISAL
110 1 OFFICE BOCA RATON FL 33486 1985 N/A 24,519 1,950,000 06/11/96 MAI APPRAISAL
111 1 MULTI-FAMILY DALLAS TX 75228 1983 104 63,456 1,800,000 05/14/96 MAI APPRAISAL
112 1 MULTI-FAMILY PHILADELPHIA PA 19119 1961 66 N/A 1,470,000 09/25/96 MAI APPRAISAL
113 1 MULTI-FAMILY KLAMATH FALLS OR 97603 1995 49 84,708 2,110,000 08/19/96 MAI APPRAISAL
114 1 MULTI-FAMILY NIAGARA FALLS NY 14304 1992 12 N/A 300,000 06/11/96 APPRAISAL (NON-
114 2 MULTI-FAMILY LEWISTON NY 14312 1992 16 N/A 500,000 06/11/96 APPRAISAL (NON-
114 3 MULTI-FAMILY WHEATFIELD NY 14301 1993 24 N/A 790,000 06/11/96 APPRAISAL (NON-
115 1 OFFICE ALBUQUERQUE NM 87106 1990 N/A 29,972 1,550,000 04/19/96 MAI APPRAISAL
116 1 MULTI-FAMILY HARLINGEN TX 78552 N/A 69 N/A 1,662,000 06/04/96 MAI APPRAISAL
117 1 MULTI-FAMILY OKLAHOMA CITY OK 73135 1984 104 72,616 1,520,000 08/23/96 MAI APPRAISAL
118 1 MULTI-FAMILY HELENA MT 59601 1995 36 32,556 2,593,500 09/05/96 MAI APPRAISAL
119 1 MULTI-FAMILY HOUSTON TX 77000 1961 156 109,200 2,500,000 07/03/96 MAI APPRAISAL
120 1 RETAIL UNION PARK FL 32807 1980 N/A 37,200 1,700,000 07/01/96 MAI APPRAISAL
121 1 RETAIL MIAMI FL 33184 N/A 12 N/A 1,350,000 06/28/96 MAI APPRAISAL
122 1 MANUFACTURED HOU ALAMOSA CO 81101 N/A 185 N/A 1,400,000 09/05/96 MAI APPRAISAL
123 1 RETAIL NEW ULM MN 56073 1977 N/A 51,297 1,275,000 08/28/96 MAI APPRAISAL
124 1 RETAIL ROSEVILLE MN 55113 1981 N/A 18,491 1,610,000 08/21/95 MAI APPRAISAL
125 1 MIXED USE WEST ST PAUL MN 55118 1960 33 N/A N/A N/A N/A
126 1 INDUSTRIAL EL PASO TX 79907 1988 N/A N/A 1,250,000 10/24/96 MAI APPRAISAL
127 1 MULTI-FAMILY IRVING TX 75061 1974 55 52,994 1,200,000 10/10/96 MAI APPRAISAL
</TABLE>
Page - 31
<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>
128 1 RETAIL EDEN PRAIRIE MN 55344 1990 N/A 18,569 1,500,000 08/22/95 MAI APPRAISAL
129 1 MULTI-FAMILY HOUSTON TX 77055 1969 138 143,560 1,900,000 06/20/96 MAI APPRAISAL
130 1 RETAIL EAGAN MN 55123 1990 N/A 18,558 1,510,000 08/22/95 MAI APPRAISAL
131 1 MULTI-FAMILY SAPULPA OK 74066 N/A 40 35,624 560,000 05/17/96 MAI APPRAISAL
131 2 MULTI-FAMILY SAPULPA OK 74066 N/A 56 39,447 570,000 05/17/96 MAI APPRAISAL
132 1 OFFICE AMARILLO TX 79101 1980 N/A 21,758 1,200,000 10/07/96 MAI APPRAISAL
133 1 OFFICE GRAND PRAIRIE TX 75053 1981 N/A 55,700 1,125,000 09/18/96 MAI APPRAISAL
134 1 RETAIL BATTLE CREEK MI 49015 1986 N/A 18,100 1,275,000 08/22/95 MAI APPRAISAL
135 1 RETAIL GRAND RAPIDS MI 49508 1969 N/A 30,060 2,100,000 08/25/95 MAI APPRAISAL
136 1 INDUSTRIAL TUCSON AZ 85717 N/A N/A N/A 1,100,000 09/23/96 MAI APPRAISAL
</TABLE>
Page - 32
<PAGE>
<TABLE>
MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
LOAN PORTFOLIO ANALYSIS SYSTEM - PROPERTY PERFORMANCE
PORTFOLIO: MIDLAND REALTY ACCEPT CORP 1996 C2
REPORTING PERIOD: JANUARY, 1997
DATE PRINTED: 03-FEB-97
<CAPTION>
BASELINE OR MOST YTD YTD
ASSET PROP MOST RECENT NOI RECENT YTD PERIOD PERIOD PERCENT
NO NO ANNUAL NOI AS OF NOI SOURCE NOI BEGIN ENDING YTD NOI SOURCE OCCUPIED AS OF
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
001 1 3,309,978 N/A UNDERWRITER 3,309,978 7/1/95 6/30/96 UNDERWRITER 91.5% 12/29/95
002 1 2,713,770 N/A UNDERWRITER 1,172,763 1/1/96 6/30/96 UNDERWRITER 92.3% 11/6/96
003 1 1,738,130 N/A UNDERWRITER 1,738,130 1/1/95 12/31/95 UNDERWRITER 87.0% 10/24/96
004 1 1,553,293 N/A UNDERWRITER 761,559 1/1/96 6/30/96 UNDERWRITER 99.4% 7/3/96
005 1 1,696,800 N/A UNDERWRITER 1,696,800 1/1/95 12/31/95 UNDERWRITER 100.0 10/1/96
006 1 1,449,580 N/A UNDERWRITER 1,449,580 11/1/95 10/31/96 UNDERWRITER 100.0 10/10/96
007 1 1,530,136 N/A UNDERWRITER 1,602,422 1/1/95 10/30/95 UNDERWRITER 100.0 11/11/96
008 1 1,790,203 N/A UNDERWRITER 1,034,008 1/1/96 7/31/96 UNDERWRITER 94.6% 11/11/96
009 1 1,001,938 N/A UNDERWRITER 1,001,938 7/1/95 6/30/96 UNDERWRITER 99.7% 10/8/96
010 1 988,947 N/A UNDERWRITER 972,317 1/1/96 9/30/96 UNDERWRITER 95.8% 10/28/96
011 1 902,552 N/A UNDERWRITER 902,552 1/1/95 12/31/95 UNDERWRITER 89.8% 7/31/96
012 1 1,438,355 N/A UNDERWRITER 1,171,622 1/1/96 9/30/96 UNDERWRITER 100.0 6/1/96
013 1 1,227,239 N/A UNDERWRITER 1,022,699 1/1/96 12/31/96 UNDERWRITER 100.0 1/1/96
014 1 1,274,901 N/A UNDERWRITER 1,274,901 9/1/95 8/31/96 UNDERWRITER 100.0 8/25/96
015 1 1,081,431 N/A UNDERWRITER 965,930 1/1/96 10/31/96 UNDERWRITER 93.6% 10/19/96
016 1 2,568,611 12/31/95 BORROWER 895,198 1/1/96 4/30/96 BORROWER 73.1% 4/30/96
017 1 1,019,427 N/A UNDERWRITER 1,019,427 6/1/95 5/31/96 UNDERWRITER 83.9% 10/23/96
018 1 994,295 N/A UNDERWRITER 994,295 10/1/95 9/30/96 UNDERWRITER 93.6% 11/4/96
019 1 1,185,393 12/31/95 BORROWER 629,362 1/1/96 6/30/96 BORROWER 97.8% 8/28/96
020 1 1,103,688 N/A UNDERWRITER 878,655 1/1/96 9/30/96 UNDERWRITER 100.0 10/15/95
021 1 804,063 N/A UNDERWRITER 439,155 1/1/96 6/30/96 UNDERWRITER 97.1% 9/27/96
022 1 1,689,955 N/A UNDERWRITER 1,689,955 8/1/95 7/31/96 UNDERWRITER 82.1% 10/1/96
023 1 966,216 N/A UNDERWRITER N/A N/A N/A N/A 99.8% 11/1/96
024 1 526,185 N/A UNDERWRITER 441,261 1/1/96 8/31/96 UNDERWRITER 91.5% 10/21/96
025 1 952,979 N/A UNDERWRITER 727,865 1/1/96 9/30/96 UNDERWRITER 100.0 7/31/96
026 1 717,927 N/A UNDERWRITER 551,955 1/1/96 9/30/96 UNDERWRITER 98.6% 11/1/96
027 1 827,613 N/A UNDERWRITER 620,158 1/1/96 8/31/96 UNDERWRITER N/A
028 1 757,070 N/A UNDERWRITER 532,135 1/1/96 9/30/96 UNDERWRITER 93.2% 9/30/96
029 1 696,513 N/A UNDERWRITER 696,513 1/1/95 12/31/95 UNDERWRITER 100.0 8/12/96
030 1 571,718 12/31/95 N/A 415,877 1/1/96 9/30/96 N/A 94.0% 8/28/96
031 1 804,893 12/31/95 PROSPECTUS 735,588 1/1/96 9/30/96 PROSPECTUS 97.5% 4/28/96
032 1 660,351 N/A UNDERWRITER 379,420 1/1/96 7/31/96 UNDERWRITER 98.8% 10/8/96
033 1 783,588 N/A UNDERWRITER 418,103 1/1/96 6/30/96 UNDERWRITER 100.0 8/9/96
034 1 658,804 N/A UNDERWRITER 649,662 1/1/96 9/30/96 UNDERWRITER 100.0 10/24/96
035 1 565,165 N/A UNDERWRITER 565,591 1/1/96 10/31/96 UNDERWRITER 100.0 6/30/95
036 1 704,162 N/A UNDERWRITER 168,592 1/1/96 3/31/96 UNDERWRITER 86.0% 5/1/96
037 1 547,813 N/A UNDERWRITER 239,284 1/1/96 5/31/96 UNDERWRITER 94.0% 8/1/96
038 1 735,820 N/A UNDERWRITER 735,820 1/1/95 12/31/95 UNDERWRITER 100.0 6/1/96
039 1 808,421 N/A UNDERWRITER 808,421 1/1/95 12/31/95 UNDERWRITER N/A
040 1 696,864 N/A UNDERWRITER 696,864 5/1/95 4/30/96 UNDERWRITER 96.4% 8/1/96
041 1 774,142 11/30/95 BORROWER 774,142 12/1/94 11/30/95 BORROWER 99.5% 10/15/96
042 1 623,120 N/A UNDERWRITER 434,213 1/1/96 9/30/96 UNDERWRITER 97.3% 10/10/96
043 2 653,936 N/A UNDERWRITER N/A N/A N/A N/A 100.0 8/8/96
044 1 617,199 N/A UNDERWRITER 304,289 1/1/96 6/20/96 UNDERWRITER 100.0 10/20/95
045 1 557,774 N/A UNDERWRITER 266,011 1/1/96 6/30/96 UNDERWRITER 92.7% 8/16/96
046 1 585,659 N/A UNDERWRITER 70,913 1/1/96 9/30/96 BORROWER 92.8% 8/10/96
047 1 461,434 N/A UNDERWRITER 217,472 1/1/96 6/30/96 UNDERWRITER 95.4% 8/16/96
048 1 520,812 N/A UNDERWRITER N/A N/A N/A N/A 100.0 11/1/96
049 1 508,871 N/A UNDERWRITER 194,198 1/1/96 5/31/96 UNDERWRITER 95.2% 9/1/96
050 1 557,179 N/A UNDERWRITER 349,150 3/1/96 8/31/96 UNDERWRITER 100.0 9/1/96
051 1 466,405 N/A UNDERWRITER 466,405 1/1/95 12/31/95 UNDERWRITER 87.0% 11/14/96
052 1 504,887 N/A UNDERWRITER N/A N/A N/A N/A 98.0% 10/1/96
053 1 332,257 N/A UNDERWRITER 380,554 10/31/95 9/30/96 UNDERWRITER 95.5% 10/31/96
054 1 512,800 N/A UNDERWRITER 512,800 1/1/96 12/31/96 UNDERWRITER 100.0 11/25/96
055 1 405,035 N/A UNDERWRITER N/A N/A N/A N/A 95.1% 8/1/96
056 1 446,552 N/A UNDERWRITER 446,552 1/1/96 12/31/96 UNDERWRITER 100.0 11/1/96
057 1 476,171 N/A UNDERWRITER N/A N/A N/A N/A 100.0 11/1/96
058 1 349,704 N/A UNDERWRITER 349,704 1/1/95 12/31/95 UNDERWRITER 91.0% 8/20/96
059 1 268,032 N/A UNDERWRITER 268,032 1/1/95 12/31/95 UNDERWRITER 88.4% 11/1/96
060 1 433,653 N/A UNDERWRITER 433,653 1/1/95 12/31/95 UNDERWRITER 96.4% 10/20/96
061 1 390,805 N/A UNDERWRITER 390,805 1/1/95 12/31/95 UNDERWRITER 93.1% 9/30/96
062 1 276,523 N/A UNDERWRITER 292,872 1/1/96 9/30/96 UNDERWRITER 87.6% 9/1/96
063 1 348,497 N/A UNDERWRITER 269,907 1/1/96 9/30/96 UNDERWRITER 88.2% 9/5/96
064 1 416,208 N/A UNDERWRITER 237,746 1/1/96 8/31/96 UNDERWRITER 100.0 10/31/96
065 1 517,584 N/A UNDERWRITER 138,501 1/1/96 3/31/96 UNDERWRITER 100.0 10/22/96
066 1 414,223 6/30/96 BORROWER 414,223 7/1/95 6/30/96 BORROWER 96.4% 7/1/96
067 1 421,716 N/A UNDERWRITER 421,716 1/1/95 12/31/95 UNDERWRITER 94.8% 6/1/96
068 1 210,334 12/31/95 BORROWER 210,334 1/1/95 12/31/95 BORROWER 91.3% 10/8/96
</TABLE>
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<PAGE>
<TABLE>
<CAPTION>
BASELINE OR MOST YTD YTD
ASSET PROP MOST RECENT NOI RECENT YTD PERIOD PERIOD PERCENT
NO NO ANNUAL NOI AS OF NOI SOURCE NOI BEGIN ENDING YTD NOI SOURCE OCCUPIED AS OF
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
068 3 155,464 12/31/95 BORROWER 155,464 1/1/95 12/31/95 BORROWER 98.3% 10/8/96
069 1 277,670 N/A UNDERWRITER 277,670 1/1/95 12/31/95 UNDERWRITER 90.9% 9/1/96
070 1 313,421 N/A UNDERWRITER 200,533 1/1/96 9/30/96 UNDERWRITER 81.7% 9/30/96
071 1 294,086 N/A UNDERWRITER 244,571 1/1/96 8/31/96 UNDERWRITER 89.6% 10/8/96
072 1 283,015 N/A UNDERWRITER 105,362 1/1/96 4/30/96 UNDERWRITER 87.8% 9/5/96
073 1 283,594 N/A UNDERWRITER 156,645 1/1/96 6/30/96 UNDERWRITER 98.2% 9/27/96
074 1 267,332 N/A UNDERWRITER 198,923 1/1/96 9/30/96 UNDERWRITER 94.5% 9/30/96
075 1 327,147 N/A UNDERWRITER 182,879 1/1/96 7/31/96 UNDERWRITER 99.4% 10/31/96
076 1 522,919 12/31/95 N/A 221,507 1/1/96 5/31/96 N/A 84.2% 9/30/96
077 1 352,405 N/A UNDERWRITER 277,378 1/1/96 10/31/96 UNDERWRITER 93.6% 11/1/96
078 1 273,349 12/31/95 BORROWER 308,316 1/1/96 9/30/96 BORROWER 100.0 8/3/96
079 1 341,058 12/31/95 BORROWER 218,961 1/1/96 8/31/96 BORROWER 94.0% 10/9/96
080 1 273,495 N/A UNDERWRITER 273,495 1/1/95 12/31/95 UNDERWRITER 92.0% 10/16/96
081 1 242,104 5/31/96 BORROWER 241,451 6/1/95 5/31/96 BORROWER 96.3% 9/30/96
082 1 234,274 N/A UNDERWRITER 149,054 1/1/96 7/31/96 UNDERWRITER 100.0 9/1/96
083 1 328,434 N/A UNDERWRITER 212,806 1/1/96 9/30/96 UNDERWRITER 98.4% 10/15/96
084 1 303,526 N/A UNDERWRITER 303,526 1/1/95 12/31/95 UNDERWRITER 100.0 7/26/96
085 1 238,399 N/A UNDERWRITER 143,346 1/1/96 8/31/96 UNDERWRITER 91.5% 9/13/96
086 1 262,157 N/A UNDERWRITER 262,157 1/1/95 12/31/95 UNDERWRITER 100.0 4/25/96
087 1 322,110 N/A UNDERWRITER 179,878 4/1/96 9/30/96 UNDERWRITER 95.8% 10/10/96
088 1 281,152 N/A UNDERWRITER 124,730 1/1/96 5/31/96 UNDERWRITER 94.4% 9/30/96
089 1 289,041 N/A UNDERWRITER 99,223 1/1/96 4/30/96 UNDERWRITER 89.8% 6/1/96
090 1 346,737 N/A UNDERWRITER 346,737 1/1/95 12/31/95 UNDERWRITER 100.0 9/13/96
091 1 268,260 12/31/95 N/A 212,407 1/1/96 9/30/96 N/A 95.5% 8/31/96
092 1 281,836 N/A UNDERWRITER 281,836 1/1/95 12/31/95 UNDERWRITER 100.0 5/1/96
093 1 248,074 N/A UNDERWRITER 123,685 1/1/96 6/30/96 UNDERWRITER 100.0 9/29/96
094 1 183,752 N/A UNDERWRITER N/A N/A N/A N/A 92.0% 10/31/96
095 1 190,529 N/A UNDERWRITER 328,921 1/1/96 8/31/96 UNDERWRITER 98.1% 9/30/96
096 1 215,925 N/A UNDERWRITER 163,135 1/1/96 9/30/96 UNDERWRITER 88.9% 9/20/96
097 1 244,871 N/A UNDERWRITER N/A N/A N/A N/A 95.2% 10/10/96
098 1 201,820 N/A UNDERWRITER 201,820 1/1/95 12/31/95 UNDERWRITER 99.0% 10/28/96
099 1 206,358 N/A UNDERWRITER 209,680 1/1/96 10/31/96 BORROWER 77.1% 12/9/96
100 1 230,937 12/31/95 N/A 230,937 1/1/95 12/31/95 N/A 90.4% 8/1/96
101 1 265,978 N/A UNDERWRITER N/A N/A N/A N/A 95.1% 7/25/96
102 1 223,321 N/A UNDERWRITER 603,168 1/30/95 1/28/96 BORROWER 100.0 11/21/96
103 1 183,240 N/A UNDERWRITER 144,561 1/1/96 9/30/96 UNDERWRITER 82.1% 10/28/96
104 1 220,902 N/A UNDERWRITER 357,570 1/30/95 1/28/96 BORROWER 100.0 11/21/96
105 1 191,878 N/A UNDERWRITER 90,686 1/1/96 6/30/96 UNDERWRITER 100.0 8/29/96
106 1 141,610 N/A UNDERWRITER 141,610 1/1/95 12/31/95 UNDERWRITER 81.9% 10/8/96
106 2 49,188 N/A UNDERWRITER 49,188 1/1/95 12/31/95 UNDERWRITER 66.7% 10/8/96
107 1 177,176 N/A UNDERWRITER 177,176 6/1/95 5/31/96 UNDERWRITER 92.7% 10/1/96
108 1 145,467 N/A UNDERWRITER 45,549 1/1/96 4/30/96 UNDERWRITER 100.0 8/15/96
109 1 189,994 N/A UNDERWRITER 56,973 1/1/96 3/31/96 UNDERWRITER 80.8% 9/20/96
110 1 192,260 N/A UNDERWRITER 103,236 1/1/96 6/30/96 UNDERWRITER 100.0 9/24/96
111 1 187,981 N/A UNDERWRITER 115,701 1/1/96 6/30/96 UNDERWRITER 93.3% 9/30/96
112 1 171,115 12/31/95 BORROWER 70,037 1/1/96 5/31/96 BORROWER 93.9% 5/29/96
113 1 140,129 N/A UNDERWRITER 46,835 1/1/96 7/31/96 UNDERWRITER 100.0 9/20/96
114 1 79,162 N/A UNDERWRITER 79,162 1/1/95 12/31/95 UNDERWRITER 87.5% 8/9/96
114 2 N/A N/A N/A N/A N/A N/A N/A N/A
114 3 N/A N/A N/A N/A N/A N/A N/A N/A
115 1 138,524 5/31/95 BORROWER 140,765 6/1/95 4/30/96 BORROWER 100.0 8/26/96
116 1 178,227 N/A UNDERWRITER 166,259 1/1/96 9/30/96 UNDERWRITER 97.1% 9/18/96
117 1 192,471 N/A UNDERWRITER 53,019 1/1/96 5/31/96 UNDERWRITER 94.2% 8/1/96
118 1 124,612 N/A UNDERWRITER 6,272 1/1/96 7/31/96 UNDERWRITER 94.4% 8/28/96
119 1 185,259 N/A UNDERWRITER 62,516 1/1/96 4/30/96 UNDERWRITER 90.4% 7/22/96
120 1 164,504 N/A UNDERWRITER 164,504 1/1/95 12/31/95 UNDERWRITER 100.0 8/1/96
121 1 155,507 N/A UNDERWRITER 155,507 1/1/95 12/31/95 UNDERWRITER 100.0 7/31/96
122 1 147,384 N/A UNDERWRITER 123,828 1/1/96 9/30/96 UNDERWRITER 99.5% 9/30/96
123 1 132,960 N/A UNDERWRITER 132,960 1/1/95 12/31/95 UNDERWRITER 100.0 9/13/96
124 1 160,590 N/A UNDERWRITER 675,945 1/30/95 1/28/96 BORROWER 100.0 11/21/96
125 1 188,387 N/A UNDERWRITER 110,217 3/1/96 9/30/96 UNDERWRITER 78.1% 10/1/96
126 1 158,842 N/A UNDERWRITER 101,437 1/1/96 8/31/96 UNDERWRITER 97.5% 11/8/96
127 1 128,632 N/A UNDERWRITER 128,632 1/1/95 12/31/95 UNDERWRITER 96.4% 6/30/96
128 1 152,747 N/A UNDERWRITER 561,248 1/30/95 1/28/96 BORROWER 100.0 11/21/96
129 1 180,607 N/A UNDERWRITER 180,607 1/1/95 12/31/95 UNDERWRITER 87.0% 7/31/96
130 1 142,568 N/A UNDERWRITER 270,746 1/30/95 1/28/96 BORROWER 100.0 11/21/96
131 1 91,647 N/A UNDERWRITER 91,647 1/1/95 12/31/95 UNDERWRITER 95.0% 6/30/96
131 2 87,876 N/A UNDERWRITER 87,876 1/1/95 12/31/95 UNDERWRITER 91.1% 6/30/96
132 1 124,391 N/A UNDERWRITER 72,162 1/1/96 5/31/96 UNDERWRITER 100.0 10/22/96
133 1 150,138 12/31/95 BORROWER 147,773 1/1/95 12/31/95 BORROWER 100.0 6/1/96
134 1 121,997 N/A UNDERWRITER 317,067 1/30/95 1/28/96 BORROWER 100.0 11/21/96
135 1 208,512 N/A UNDERWRITER 470,351 1/30/95 1/28/96 BORROWER 100.0 11/21/96
136 1 94,978 N/A UNDERWRITER 94,978 4/1/95 3/31/96 UNDERWRITER 96.3% 9/1/96
</TABLE>
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<PAGE>
MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
LOAN PORTFOLIO ANALYSIS SYSTEM - ASSET COMMENTS
PORTFOLIO: MIDLAND REALTY ACCEPT CORP 1996 C2
REPORTING PERIOD: JANUARY, 1997
DATE PRINTED: 03-FEB-97
LOAN 001 - 1:
LOAN 002 - 1:
LOAN 003 - 1:
LOAN 004 - 1:
LOAN 005 - 1:
LOAN 006 - 1:
LOAN 007 - 1:
LOAN 008 - 1:
LOAN 009 - 1:
LOAN 010 - 1:
LOAN 011 - 1:
LOAN 012 - 1:
LOAN 013 - 1:
LOAN 014 - 1:
LOAN 015 - 1:
LOAN 016 - 1:
LOAN 017 - 1:
LOAN 018 - 1:
LOAN 019 - 1:
LOAN 020 - 1:
LOAN 021 - 1:
LOAN 022 - 1:
LOAN 023 - 1:
LOAN 024 - 1:
LOAN 025 - 1:
LOAN 026 - 1:
LOAN 027 - 1:
LOAN 028 - 1:
LOAN 029 - 1:
LOAN 030 - 1:
LOAN 031 - 1:
LOAN 032 - 1:
LOAN 033 - 1:
LOAN 034 - 1:
LOAN 035 - 1:
LOAN 036 - 1:
LOAN 037 - 1:
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<PAGE>
LOAN 038 - 1:
LOAN 039 - 1:
LOAN 040 - 1:
LOAN 041 - 1:
LOAN 042 - 1:
LOAN 043 - 2:
LOAN 044 - 1:
LOAN 045 - 1:
LOAN 046 - 1:
LOAN 047 - 1:
LOAN 048 - 1: Latest Annual Statement Comment: - NO HISTORICAL FIGURES
ARE AVAILABLE SINCE THE PROPERTY WAS OWNER OCCUPIED. LEASE IS ABSOLUTE NET,
HOWEVER A MANAGEMENT, RESERVE, TENANT IMPROVEMENT AND LEASING COMMISSION
ALLOWANCE HAS BEEN DEDUCTED.
LOAN 049 - 1:
LOAN 050 - 1:
LOAN 051 - 1:
LOAN 052 - 1:
LOAN 053 - 1:
LOAN 054 - 1:
LOAN 055 - 1:
LOAN 056 - 1:
LOAN 057 - 1: Latest Annual Statement Comment: - NO HISTORICAL FIGURES
ARE AVAILABLE SINCE THE PROPERTY WAS OWNER OCCUPIED. LEASE IS ABSOLUTE NET,
HOWEVER A MANAGEMENT, RESERVE, TENANT IMPROVEMENT AND LEASING COMMISSION
ALLOWANCE HAS BEEN DEDUCTED.
LOAN 058 - 1:
LOAN 059 - 1:
LOAN 060 - 1:
LOAN 061 - 1:
LOAN 062 - 1:
LOAN 063 - 1:
LOAN 064 - 1:
LOAN 065 - 1:
LOAN 066 - 1:
LOAN 067 - 1:
LOAN 068 - 3:
LOAN 068 - 1:
LOAN 069 - 1:
LOAN 070 - 1:
LOAN 071 - 1:
LOAN 072 - 1:
LOAN 073 - 1:
LOAN 074 - 1:
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<PAGE>
LOAN 075 - 1:
LOAN 076 - 1:
LOAN 077 - 1:
LOAN 078 - 1:
LOAN 079 - 1:
LOAN 080 - 1:
LOAN 081 - 1:
LOAN 082 - 1:
LOAN 083 - 1:
LOAN 084 - 1:
LOAN 085 - 1:
LOAN 086 - 1:
LOAN 087 - 1:
LOAN 088 - 1:
LOAN 089 - 1:
LOAN 090 - 1:
LOAN 091 - 1:
LOAN 092 - 1:
LOAN 093 - 1:
LOAN 094 - 1:
LOAN 095 - 1:
LOAN 096 - 1:
LOAN 097 - 1: Latest Annual Statement Comment: - THE HISTORICAL
FINANCIAL STATEMENTS ON PLAINFIELD REALTY ASSOCIATES, LLC WERE NOT AVAILABLE
AT THE TIME OF WRITE-UP PER UNDERWRITING STATEMENT.
LOAN 098 - 1:
LOAN 099 - 1:
LOAN 100 - 1:
LOAN 101 - 1:
LOAN 102 - 1:
LOAN 103 - 1:
LOAN 104 - 1:
LOAN 105 - 1:
LOAN 106 - 2:
LOAN 106 - 1:
LOAN 107 - 1:
LOAN 108 - 1:
LOAN 109 - 1:
LOAN 110 - 1:
LOAN 111 - 1:
LOAN 112 - 1:
LOAN 113 - 1:
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<PAGE>
LOAN 114 - 1:
LOAN 114 - 3:
LOAN 114 - 2:
LOAN 115 - 1:
LOAN 116 - 1:
LOAN 117 - 1:
LOAN 118 - 1:
LOAN 119 - 1:
LOAN 120 - 1:
LOAN 121 - 1:
LOAN 122 - 1:
LOAN 123 - 1:
LOAN 124 - 1:
LOAN 125 - 1:
LOAN 126 - 1:
LOAN 127 - 1:
LOAN 128 - 1:
LOAN 129 - 1:
LOAN 130 - 1:
LOAN 131 - 2:
LOAN 131 - 1:
LOAN 132 - 1:
LOAN 133 - 1:
LOAN 134 - 1:
LOAN 135 - 1:
LOAN 136 - 1:
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