<PAGE>
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: October 7, 1998
(Date of earliest event reported)
AMRESCO COMMERCIAL MORTGAGE FUNDING I CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 333-19591 75-2683929
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
700 North Pearl Street
Suite 2400, L.B. 342
Dallas, Texas 75201
(Address of Principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (214) 953-7700
<PAGE>
Item 5. Other Events.
Reference is hereby made to the Registrant's Registration Statement on
Form S-3 (File No. 333-19591) filed with the Securities and Exchange Commission
(the "Commission"), as last amended by Amendment No. 4, which became effective
on June 10, 1997 (the "Registration Statement"), pursuant to which the
Registrant registered $2,000,000,000 aggregate principal amount of its mortgage
pass-through certificates, issuable in various series, for sale in accordance
with the provisions of the Securities Act of 1933, as amended (the "Act").
Reference is also hereby made to the Prospectus and the related Prospectus
Supplement (collectively, the "Prospectus"), which will be filed with the
Commission pursuant to Rule 424(b)(5), with respect to the Registrant's
Mortgage Pass-Through Certificates, Series 1998-C2 (the "Offered
Certificates").
The Registrant is filing this Current Report on Form 8-K to provide
prospective investors with certain materials which constitute "Preliminary
Structural and Collateral Term Sheets" as described in the no-action letter
dated February 27, 1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA Letter"), the filing
of which materials is a condition of the relief granted in such letter (such
materials being the "Collateral Term Sheets"). The Collateral Term Sheets were
prepared solely by Goldman, Sachs & Co. in connection with the offering of the
Offered Certificates, and the Registrant did not prepare or participate in the
preparation of the Collateral Term Sheets. The Collateral Term Sheets are set
forth in Exhibits 99.5, 99.6, 99.7 and 99.8 hereto.
The assumptions used in preparing the Collateral Term Sheets were
based upon a preliminary compilation of the underlying collateral and the
estimated principal amount and other features of the Offered Certificates. The
actual features of the Offered Certificates and a detailed description of the
final constituency of the underlying collateral will be set forth in the
Prospectus.
Due to the preliminary nature of the information regarding the
collateral and the structure of the Offered Certificates used in preparing the
Collateral Term Sheets, no assurance can be given as to either the Collateral
Term Sheets' or the underlying assumptions' accuracy, appropriateness or
completeness in any particular context; nor can assurance be given as to
whether the Collateral Term Sheets and/or the assumptions upon which they are
based reflect present market conditions or future market performance. These
Collateral Term Sheets should not be construed as either projections or
predictions or as legal, tax, financial or accounting advice.
Any yields or weighted average lives shown in the Collateral Term
Sheets are based on prepayment assumptions, and changes in such prepayment
assumptions may dramatically affect such yields or weighted average lives. In
addition, it is possible that prepayments on the collateral will occur at rates
slower or faster than the rates shown in the Collateral Term Sheets.
Furthermore, unless otherwise provided, the Collateral Term Sheets assume no
losses on the collateral and no interest shortfall. The specific
characteristics of the Offered Certificates may differ from those shown in the
Collateral Term Sheets due to differences between the actual collateral and the
hypothetical collateral used in preparing the Collateral Term Sheets. As noted
above, the principal amount and designation of any security described in the
Collateral Term Sheets are subject to change prior to issuance.
- 2 -
<PAGE>
Please be advised that mortgage-backed securities may not be
appropriate for all investors. Potential investors must be willing to assume,
among other things, market price volatility, mortgage prepayments, yield curve
and interest rate risks. Investors should make every effort to consider the
risks of these securities.
Any statement or information contained in the Collateral Term Sheets
shall be deemed to be modified or superseded for purposes of the Prospectus and
the Registration Statement by statements or information contained in the
Prospectus.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description
----------- -----------
99.5 Collateral Term Sheets provided by Goldman,
Sachs & Co.
99.6 Structural and Collateral Term Sheets provided
by Goldman, Sachs & Co.
99.7 Collateral Term Sheets provided by Goldman
Sachs & Co.
99.8 Collateral Term Sheets provided by Goldman
Sachs & Co.
- 3 -
<PAGE>
Signatures
----------
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 hereunto duly authorized.
AMRESCO COMMERCIAL MORTGAGE
FUNDING I CORPORATION
October 7, 1998 By: /s/ Michael L. McCoy
-----------------------------
Michael L. McCoy
Assistant Secretary
- 4 -
<PAGE>
Notice to Investor
AMRESCO COMMERCIAL MORTGAGE FUNDING I CORP. MORTGAGE
PASS-THROUGH CERTIFICATES AMRESCO / GOLDMAN
NOTICE TO ALL POTENTIAL INVESTORS
---------------------------------
This material is for your private information and we are not
soliciting any action based upon it. This material is not to be
construed as an offer to sell or the solicitation of any offer to
buy any security in any jurisdiction where such an offer or
solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent
that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it
will not distribute or provide the material to any other person.
The information contained in this material may be based on
assumptions regarding market conditions and other matters as
reflected therein. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of
such assumptions will coincide with actual market conditions or
events, and this material should not be relied upon for such
purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or
short positions in, and buy and sell, the securities mentioned
therein or derivatives thereof (including options). This 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.
INFORMATION CONTAINED IN THIS MATERIAL IS CURRENT AS OF THE DATE
APPEARING ON THIS MATERIAL ONLY. INFORMATION IN THIS MATERIAL
REGARDING ANY ASSETS BACKING ANY SECURITIES DISCUSSED HEREIN
SUPERSEDES ALL PRIOR INFORMATION REGARDING SUCH ASSETS. ALL
INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS
BACKING ANY SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE
SUPERSEDED BY THE INFORMATION CONTAINED IN ANY FINAL PROSPECTUS
FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
This material is furnished to you by Goldman, Sachs & Co. and not
by the issuer of the securities. Goldman, Sachs & Co. is acting as
the sole lead underwriter and not acting as agent for the issuer
or its affiliates in connection with the proposed transaction. The
issuer has not prepared or taken part in the preparation of these
materials.
Page 1
<PAGE>
<TABLE>
<CAPTION>
PROPERTY INFORMATION
loan property_type property_type2 property_name city state
ANUM PTYPE ptype2 PROPNM CITY STATE
LOANID Basic PROPTYPES Detailed property types PROPNAME PCITY PSTATE
LOANID PROPTYPE PROPTYPE2 PROPNAME PCITY PSTATE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
09-0001122 Anchored Retail Anchored Retail Sequoia Plaza Shopping Center Visalia CA
09-0001128 Anchored Retail Anchored Retail Factory Stores at Hershey Hershey PA
400028225 Anchored Retail Anchored Retail Airport Plaza Shopping Center Torrance CA
400028275 Anchored Retail Anchored Retail Cottonwood Plaza Cottonwood AZ
400028286 Anchored Retail Anchored Retail Oakview Plaza Shopping Center Zephyrhills FL
400029134 Anchored Retail Anchored Retail Middletown Shopping Center Middletown OH
400029154 Anchored Retail Anchored Retail K-Mart Dundas Dundas MN
400029181 Anchored Retail Anchored Retail Stuyvesant Plaza Buffalo NY
400029191 Anchored Retail Anchored Retail Staples - Burlington West Burlington IA
400029194 Anchored Retail Anchored Retail Mil Pine Plaza Niagara Falls NY
400029201 Anchored Retail Anchored Retail Hills Dunkirk Shopping Center Dunkirk NY
400029207 Anchored Retail Unanchored Retail Northway Plaza Shopping Center Queensbury NY
400030896 Anchored Retail Anchored Retail Bend Town Center Bend OR
R0315 Anchored Retail Anchored Retail Kroger Plaza Winchester KY
R0480 Anchored Retail Anchored Retail Best Buy Retail Facility Westland MI
09-0001040 Industrial Industrial 10 Elizabeth Avenue Chelmsford MA
09-0001085 Industrial Industrial Somerset Workshops Seattle WA
09-0001111 Industrial Industrial Figueroa Business Park Gardena CA
400029145 Industrial Industrial West Pacific Industrial Center Salinas CA
400029150 Industrial Industrial Building "R" Miami FL
400029197 Industrial Industrial 44 Campanelli Parkway Stoughton MA
400029205 Industrial Industrial Walden Hurd Business Complex Cheektowaga NY
400029206 Industrial Industrial 8304 Sherwick Court Warehouse Jessup MD
400029297 Industrial Industrial Herndon Office Building Herndon VA
400030893 Industrial Industrial Prospect Industrial North Brunswick NJ
09-0001065 Lodging Limited Svc. Hotel Best Western - Rio Rancho Rio Rancho NM
400029158 Lodging Limited Svc. Hotel Holiday Inn Express Overland Park KS
400029190 Lodging Limited Svc. Hotel Super 8 Universal Hotel Orlando FL
400030964 Lodging Full Service Hotel Holiday Inn - Hudson Hudson OH
400030965 Lodging Full Service Hotel Holiday Inn - Independence Independence OH
400030966 Lodging Limited Svc. Hotel Holiday Inn - North Canton North Canton OH
400030967 Lodging Limited Svc. Hotel Comfort Inn - Montrose West Copley Township OH
L0184 Lodging Limited Svc. Hotel Super 8 Motel - North Point North Myrtle Beach SC
400029157 Mixed Use Mixed Use Eubank Albuquerque NM
09-0001035 Multifamily Multifamily The Mason Apartments Dallas TX
09-0001036 Multifamily Multifamily McKinney Avenue Apartments Dallas TX
09-0001042 Multifamily Multifamily Briarwood Village Apartments Houston TX
09-0001045 Multifamily Multifamily Westbury Park Apartments Marietta GA
09-0001051 Multifamily Multifamily Town View Apartments Dallas TX
09-0001070 Multifamily Multifamily Sierra Trails Apartments Ft. Worth TX
09-0001075 Multifamily Multifamily Shadow Glen Apartments Dallas TX
09-0001082 Multifamily Multifamily Canterbury Village Apartments Dallas TX
09-0001084 Multifamily Multifamily Westwood Apartments Fort Worth TX
09-0001107 Multifamily Multifamily Southgate Suites & Apartments Columbus GA
09-0001123 Multifamily Multifamily Springdale Villa Apartments Westminister CA
400028269 Multifamily Multifamily Westmoor Apartments Findlay OH
400029137 Multifamily Multifamily Shirley Court Apartments Upper Darby PA
400029139 Multifamily Multifamily Redstone Apartments Burlington VT
400029168 Multifamily Multifamily The Eagle Crest Townhome Apts. San Antonio TX
400029169 Multifamily Multifamily Braden Creek Apartments Tulsa OK
400029178 Multifamily Multifamily 422 Mystic Avenue Sommerville MA
400029182 Multifamily Multifamily Chatham Street Apartments Lynn MA
400029183 Multifamily Multifamily Fairlawn Gardens Apartments Martinsburg WV
400029185 Multifamily Multifamily Spring Heights Fourplexes College Station TX
400029202 Multifamily Multifamily Villa Acapulco Apartments Houston TX
400029208 Multifamily Multifamily Summit Apartments Jenks OK
400029232 Multifamily Multifamily Riverside Village Apartments Puyallup WA
400029252 Multifamily Multifamily Cimarron Apartments Oakland Park FL
400029257 Multifamily Multifamily Indian Lookout Apartments Cincinnati OH
400029299 Multifamily Multifamily Ogden Manor Apartments Naperville IL
400029306 Multifamily Multifamily University Gardens Apartments Austin TX
400031048 Multifamily Multifamily Palm Springs Village Apartment Palm Springs CA
400031123 Multifamily Multifamily Whitewood Oaks Apartments San Antonio TX
M0171 Multifamily Multifamily Fremont Garden Apartments Fremont CA
M0172 Multifamily Multifamily Roxbury Crossing Apartments Boston MA
M0220 Multifamily Multifamily 121 Seaman Avenue New York NY
M0262 Multifamily Multifamily Oakwood Heights Apartments St. Cloud MN
M0263 Multifamily Multifamily Country Acres Apartments Sartell MN
M0264 Multifamily Multifamily Executive East Apartments St. Cloud MN
M0288 Multifamily Multifamily Southview Apartments Sartell MN
M0289 Multifamily Multifamily The Crossings Apartments St. Cloud MN
M0290 Multifamily Multifamily Geneva Apartments Sauk Rapids MN
M0330 Multifamily Multifamily Acadian House Apartments Lafayette LA
M0364 Multifamily Multifamily Riverchase Apartments Robinsonville MS
M0415 Multifamily Multifamily Northridge Villa Apartments Salinas CA
M0443 Multifamily Multifamily Tree House Apartments Orange Park FL
M0462 Multifamily Multifamily Cottonwood Cabanas Apartments Memphis TN
M0514 Multifamily Multifamily Hobbits Grove Apartments Columbia MD
M0537 Multifamily Multifamily Cedar Shores Apartments Jacksonville FL
TBD1 Multifamily Multifamily VMS-Scothollow Apartments San Mateo CA
09-0001106 Nursing Home, Skilled Nursing Home, Skilled Bay Area Rehab Coos Bay OR
09-0001063 Office Office Rivertech Corporate Center Renton WA
09-0001095 Office Office NZ Commercial Center Albuquerque NM
400029155 Office Office Hopedale Business Park Hopedale MA
400029156 Office Office 4300 Biscayne Boulevard Miami FL
400029161 Office Office Plaza West Office Building Danbury CT
400029162 Office Office Featherstone Professional Bld. Midlothian VA
400029163 Office Office CSPP Building Fresno CA
400029172 Office Office The Armory West Hartford CT
400029173 Office Office The Brownstone Hartford CT
400029192 Office Office Avery Suites Office Building Ridgeland MS
400029223 Office Office 560 Fifth Avenue New York NY
400029236 Office Office Lomond Place Office Park Utica NY
400029282 Office Office Michigan Heart and Vascular In Ann Arbor MI
400029290 Office Office Whitehall Professional Center Bowie MD
400029304 Office Office Gateway Office Park Cheektowaga NY
400029310 Office Office Airport Place Building SeaTac WA
400029311 Office Office Prime Plaza Boynton Beach FL
400030922 Office Office 666 Pennsylvania Avenue Office Washington DC
400030935 Office Office Heritage Place Office Building Nashville, TN
O0179 Office Office Sharp Mission Park Medical Ctr Vista CA
O0244 Office Office Commerce Center Memphis TN
400029250 Self-Storage Self-Storage Highland Business Park Springfield VA
400029200 Special Purpose Parking Garage Exchange St. Parking Ramp Buffalo NY
400029216 Special Purpose Mixed Use Jiffy Lube Building Omaha NE
09-0001087 Unanchored Retail Unanchored Retail Southlake Oaks Center Southlake TX
09-0001091 Unanchored Retail Unanchored Retail Larchmont Boulevard Building Los Angeles CA
09-0001168 Unanchored Retail Unanchored Retail The Original Outlet Mall Bristol WI
400029143 Unanchored Retail Unanchored Retail Marketplace East Shopping Ctr. Colorado Springs CO
400029147 Unanchored Retail Unanchored Retail Wilmette Commons Shopping Ctr. Wilmette IL
400029174 Unanchored Retail Unanchored Retail Partridge Square Rocky Hill CT
400029180 Unanchored Retail Unanchored Retail Blue Ash Shopping Center Blue Ash OH
400029186 Unanchored Retail Unanchored Retail Stornaway-Advance/Sylacauga Sylacauga AL
400029196 Unanchored Retail Unanchored Retail Little Neck Commons Little Neck NY
400029204 Unanchored Retail Unanchored Retail Fountain Plaza Shopping Center Bakersfield CA
400029218 Unanchored Retail Unanchored Retail 1276 Lexington Avenue New York NY
400029219 Unanchored Retail Unanchored Retail 147-149 West 57th Street New York NY
400029220 Unanchored Retail Unanchored Retail 196 Broadway New York NY
400029221 Unanchored Retail Unanchored Retail 250 East 65th Street New York NY
400029222 Unanchored Retail Unanchored Retail 507-11 3rd Avenue New York NY
400029224 Unanchored Retail Unanchored Retail 604 Fifth Avenue New York NY
400029225 Unanchored Retail Unanchored Retail 61 Fifth Avenue New York NY
400029226 Unanchored Retail Unanchored Retail 677 Lexington Avenue New York NY
400029228 Unanchored Retail Unanchored Retail Canyon Road Galleries Santa Fe NM
400029255 Unanchored Retail Unanchored Retail Woodward Village Shopping Cent Fresno CA
400029258 Unanchored Retail Unanchored Retail 790 Oak Grove Road Concord CA
400029309 Unanchored Retail Unanchored Retail Stop and Shop Center Las Vegas NV
400030913 Unanchored Retail Unanchored Retail 761 7th Avenue New York NY
400030925 Unanchored Retail Unanchored Retail Congress Pointe Shopping Cente Lake Worth FL
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
DATES
loan property_type effective_date origination_date ard_date
ANUM PTYPE DISTR ODATE ACT_FPDT ACT_MDT ardt
Anticipated
Actual first Repmt Date
EFFECTIVE DATE; ORIGINATION/ payment dates; for a hyperam
LOANID Basic PROPTYPES MM/01/YY FUNDDATE MM/DD/YY loan;MM/01/YY
- --------------------------------------------------------------------------------------------------------------------------
LOANID PROPTYPE EFFEC FUNDDATE FIRSTPAY MDT TURBODT
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
09-0001122 Anchored Retail 10/1/98 7/31/98 9/1/98 8/1/08
09-0001128 Anchored Retail 10/1/98 8/7/98 10/1/98 9/1/28 9/1/08
400028225 Anchored Retail 10/1/98 6/19/97 8/1/97 7/1/04
400028275 Anchored Retail 10/1/98 12/4/97 1/1/98 1/1/28 1/1/08
400028286 Anchored Retail 10/1/98 1/8/98 3/1/98 2/1/08
400029134 Anchored Retail 10/1/98 2/27/98 4/1/98 3/1/08
400029154 Anchored Retail 10/1/98 2/5/98 4/1/98 4/1/08
400029181 Anchored Retail 10/1/98 3/19/98 5/1/98 4/1/08
400029191 Anchored Retail 10/1/98 5/1/98 7/1/98 6/1/08
400029194 Anchored Retail 10/1/98 4/3/98 6/1/98 5/1/08
400029201 Anchored Retail 10/1/98 4/14/98 6/1/98 5/1/08
400029207 Anchored Retail 10/1/98 5/21/98 7/1/98 6/1/08
400030896 Anchored Retail 10/1/98 8/11/98 10/1/98 9/1/08
R0315 Anchored Retail 10/1/98 7/10/98 9/1/98 7/31/08
R0480 Anchored Retail 10/1/98 8/3/98 10/1/98 9/1/08
09-0001040 Industrial 10/1/98 4/16/98 6/1/98 5/1/08
09-0001085 Industrial 10/1/98 7/28/98 9/1/98 8/1/28 8/1/08
09-0001111 Industrial 10/1/98 8/11/98 10/1/98 9/1/08
400029145 Industrial 10/1/98 1/12/98 3/1/98 2/1/08
400029150 Industrial 10/1/98 12/22/97 2/1/98 1/1/08
400029197 Industrial 10/1/98 5/20/98 7/1/98 6/1/08
400029205 Industrial 10/1/98 4/3/98 6/1/98 5/1/08
400029206 Industrial 10/1/98 5/5/98 7/1/98 6/1/08
400029297 Industrial 10/1/98 6/19/98 8/1/98 7/1/08
400030893 Industrial 10/1/98 8/14/98 10/1/98 9/1/08
09-0001065 Lodging 10/1/98 5/8/98 7/1/98 6/1/08
400029158 Lodging 10/1/98 2/5/98 4/1/98 3/1/08
400029190 Lodging 10/1/98 3/31/98 5/1/98 4/1/08
400030964 Lodging 10/1/98 8/14/98 10/1/98 9/1/08
400030965 Lodging 10/1/98 8/14/98 10/1/98 9/1/08
400030966 Lodging 10/1/98 8/14/98 10/1/98 9/1/08
400030967 Lodging 10/1/98 8/14/98 10/1/98 9/1/08
L0184 Lodging 10/1/98 6/17/98 8/1/98 7/1/08
400029157 Mixed Use 10/1/98 1/23/98 3/1/98 2/1/08
09-0001035 Multifamily 10/1/98 3/19/98 5/1/98 4/1/08
09-0001036 Multifamily 10/1/98 3/19/98 5/1/98 4/1/08
09-0001042 Multifamily 10/1/98 4/8/98 5/10/98 4/10/08
09-0001045 Multifamily 10/1/98 4/16/98 6/1/98 5/1/08
09-0001051 Multifamily 10/1/98 6/9/98 8/1/98 7/1/08
09-0001070 Multifamily 10/1/98 6/4/98 8/1/98 7/1/08
09-0001075 Multifamily 10/1/98 6/9/98 8/1/98 7/1/08
09-0001082 Multifamily 10/1/98 6/16/98 8/1/98 7/1/08
09-0001084 Multifamily 10/1/98 6/30/98 8/1/98 7/1/08
09-0001107 Multifamily 10/1/98 7/13/98 9/1/98 8/1/08
09-0001123 Multifamily 10/1/98 7/31/98 9/1/98 8/1/08
400028269 Multifamily 10/1/98 3/13/98 5/1/98 4/1/08
400029137 Multifamily 10/1/98 2/25/98 4/1/98 3/1/08
400029139 Multifamily 10/1/98 2/23/98 4/1/98 3/1/25 3/1/08
400029168 Multifamily 10/1/98 2/13/98 4/1/98 3/1/08
400029169 Multifamily 10/1/98 1/28/98 3/1/98 2/1/08
400029178 Multifamily 10/1/98 3/10/98 5/1/98 4/1/08
400029182 Multifamily 10/1/98 4/2/98 6/1/98 5/1/08
400029183 Multifamily 10/1/98 3/20/98 5/1/98 4/1/08
400029185 Multifamily 10/1/98 3/12/98 5/1/98 4/1/08
400029202 Multifamily 10/1/98 3/4/98 5/1/98 4/1/08
400029208 Multifamily 10/1/98 3/19/98 5/1/98 4/1/08
400029232 Multifamily 10/1/98 5/15/98 7/1/98 6/1/08
400029252 Multifamily 10/1/98 5/8/98 7/1/98 6/1/08
400029257 Multifamily 10/1/98 5/28/98 7/1/98 6/1/08
400029299 Multifamily 10/1/98 6/30/98 8/1/98 7/1/08
400029306 Multifamily 10/1/98 7/2/98 9/1/98 8/1/08
400031048 Multifamily 10/1/98 7/31/98 9/1/98 8/1/08
400031123 Multifamily 10/1/98 7/31/98 9/1/98 8/1/08
M0171 Multifamily 10/1/98 4/28/98 6/1/98 5/1/08
M0172 Multifamily 10/1/98 4/8/98 6/1/98 5/1/08
M0220 Multifamily 10/1/98 3/31/98 5/1/98 4/1/08
M0262 Multifamily 10/1/98 3/26/98 5/1/98 4/1/08
M0263 Multifamily 10/1/98 3/25/98 5/1/98 4/1/08
M0264 Multifamily 10/1/98 3/25/98 5/1/98 4/1/08
M0288 Multifamily 10/1/98 3/25/98 5/1/98 4/1/08
M0289 Multifamily 10/1/98 3/25/98 5/1/98 4/1/08
M0290 Multifamily 10/1/98 3/26/98 5/1/98 4/1/08
M0330 Multifamily 10/1/98 7/20/98 9/1/98 8/1/08
M0364 Multifamily 10/1/98 8/7/98 10/1/98 9/1/08
M0415 Multifamily 10/1/98 5/29/98 7/1/98 6/1/08
M0443 Multifamily 10/1/98 8/27/98 10/1/98 9/1/08
M0462 Multifamily 10/1/98 8/5/98 10/1/98 9/1/08
M0514 Multifamily 10/1/98 9/1/98 10/1/98 9/1/08
M0537 Multifamily 10/1/98 8/27/98 10/1/98 9/1/08
TBD1 Multifamily 10/1/98 12/29/97 2/1/98 1/1/08
09-0001106 Nursing Home, Skilled 10/1/98 7/9/98 9/1/98 8/1/08
09-0001063 Office 10/1/98 5/28/98 7/1/98 6/1/08
09-0001095 Office 10/1/98 6/30/98 8/1/98 7/1/08
400029155 Office 10/1/98 2/12/98 4/1/98 3/1/08
400029156 Office 10/1/98 4/6/98 6/1/98 5/1/08
400029161 Office 10/1/98 4/23/98 6/1/98 5/1/08
400029162 Office 10/1/98 2/6/98 4/1/98 3/1/07
400029163 Office 10/1/98 3/2/98 5/1/98 4/1/05
400029172 Office 10/1/98 4/24/98 6/1/98 5/1/08
400029173 Office 10/1/98 4/24/98 6/1/98 5/1/08
400029192 Office 10/1/98 3/16/98 5/1/98 4/1/08
400029223 Office 10/1/98 5/8/98 7/1/98 6/1/08
400029236 Office 10/1/98 5/27/98 7/1/98 6/1/08
400029282 Office 10/1/98 6/19/98 8/1/98 7/1/08
400029290 Office 10/1/98 6/30/98 8/1/98 7/1/08
400029304 Office 10/1/98 7/15/98 9/1/98 8/1/08
400029310 Office 10/1/98 8/4/98 10/1/98 9/1/08
400029311 Office 10/1/98 7/2/98 9/1/98 8/1/08
400030922 Office 10/1/98 8/25/98 10/1/98 9/1/08
400030935 Office 10/1/98 8/12/98 10/1/98 9/1/08
O0179 Office 10/1/98 6/29/98 8/1/98 7/1/05
O0244 Office 10/1/98 2/27/98 4/1/98 2/28/08
400029250 Self-Storage 10/1/98 5/21/98 7/1/98 6/1/08
400029200 Special Purpose 10/1/98 4/30/98 6/1/98 5/1/08
400029216 Special Purpose 10/1/98 6/8/98 8/1/98 7/1/08
09-0001087 Unanchored Retail 10/1/98 7/24/98 9/1/98 8/1/08
09-0001091 Unanchored Retail 10/1/98 7/9/98 9/1/98 8/1/08
09-0001168 Unanchored Retail 10/1/98 9/15/98 11/1/98 10/1/08
400029143 Unanchored Retail 10/1/98 3/18/98 5/1/98 4/1/05
400029147 Unanchored Retail 10/1/98 2/27/98 4/1/98 3/1/08
400029174 Unanchored Retail 10/1/98 4/24/98 6/1/98 5/1/08
400029180 Unanchored Retail 10/1/98 2/18/98 4/1/98 3/1/08
400029186 Unanchored Retail 10/1/98 4/9/98 6/1/98 5/1/08
400029196 Unanchored Retail 10/1/98 5/13/98 7/1/98 6/1/08
400029204 Unanchored Retail 10/1/98 3/26/98 5/1/98 4/1/08
400029218 Unanchored Retail 10/1/98 5/8/98 7/1/98 6/1/08
400029219 Unanchored Retail 10/1/98 5/8/98 7/1/98 6/1/08
400029220 Unanchored Retail 10/1/98 5/8/98 7/1/98 6/1/08
400029221 Unanchored Retail 10/1/98 5/8/98 7/1/98 6/1/08
400029222 Unanchored Retail 10/1/98 5/8/98 7/1/98 6/1/08
400029224 Unanchored Retail 10/1/98 5/8/98 7/1/98 6/1/08
400029225 Unanchored Retail 10/1/98 5/8/98 7/1/98 6/1/08
400029226 Unanchored Retail 10/1/98 5/8/98 7/1/98 6/1/08
400029228 Unanchored Retail 10/1/98 4/24/98 6/1/98 5/1/08
400029255 Unanchored Retail 10/1/98 5/29/98 7/1/98 6/1/08
400029258 Unanchored Retail 10/1/98 6/5/98 8/1/98 7/1/08
400029309 Unanchored Retail 10/1/98 8/12/98 10/1/98 9/1/08
400030913 Unanchored Retail 10/1/98 8/20/98 10/1/98 9/1/08
400030925 Unanchored Retail 10/1/98 8/28/98 10/1/98 9/1/08
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
loan property_type stated_term_original amort_term_original term_amortization term_stated
ANUM PTYPE OTERM OATERM ATERM RTERM
original remaining
LOANID Basic PROPTYPES original term amortization term amortization term remaining term
LOANID PROPTYPE TERM AMTERM REMAMTERM REMTERM
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
09-0001122 Anchored Retail 120 360 358 118
09-0001128 Anchored Retail 360 360 359 119
400028225 Anchored Retail 84 360 345 69
400028275 Anchored Retail 361 360 350 111
400028286 Anchored Retail 120 240 232 112
400029134 Anchored Retail 120 360 353 113
400029154 Anchored Retail 121 360 353 114
400029181 Anchored Retail 120 300 294 114
400029191 Anchored Retail 120 360 356 116
400029194 Anchored Retail 120 300 295 115
400029201 Anchored Retail 120 300 295 115
400029207 Anchored Retail 120 360 356 116
400030896 Anchored Retail 120 300 299 119
R0315 Anchored Retail 120 360 358 118
R0480 Anchored Retail 120 360 359 119
09-0001040 Industrial 120 360 355 115
09-0001085 Industrial 360 360 358 118
09-0001111 Industrial 120 360 359 119
400029145 Industrial 120 300 292 112
400029150 Industrial 120 240 231 111
400029197 Industrial 120 300 296 116
400029205 Industrial 120 360 355 115
400029206 Industrial 120 240 236 116
400029297 Industrial 120 300 297 117
400030893 Industrial 120 360 359 119
09-0001065 Lodging 120 300 296 116
400029158 Lodging 120 300 293 113
400029190 Lodging 120 300 294 114
400030964 Lodging 120 300 299 119
400030965 Lodging 120 300 299 119
400030966 Lodging 120 300 299 119
400030967 Lodging 120 300 299 119
L0184 Lodging 120 300 297 117
400029157 Mixed Use 120 300 292 112
09-0001035 Multifamily 120 360 354 114
09-0001036 Multifamily 120 360 354 114
09-0001042 Multifamily 120 360 354 114
09-0001045 Multifamily 120 360 355 115
09-0001051 Multifamily 120 360 357 117
09-0001070 Multifamily 120 360 357 117
09-0001075 Multifamily 120 360 357 117
09-0001082 Multifamily 120 360 357 117
09-0001084 Multifamily 120 360 357 117
09-0001107 Multifamily 120 360 358 118
09-0001123 Multifamily 120 360 358 118
400028269 Multifamily 120 360 354 114
400029137 Multifamily 120 300 293 113
400029139 Multifamily 324 324 317 113
400029168 Multifamily 120 300 293 113
400029169 Multifamily 120 360 352 112
400029178 Multifamily 120 360 354 114
400029182 Multifamily 120 360 355 115
400029183 Multifamily 120 360 354 114
400029185 Multifamily 120 360 354 114
400029202 Multifamily 120 360 354 114
400029208 Multifamily 120 360 354 114
400029232 Multifamily 120 360 356 116
400029252 Multifamily 120 300 296 116
400029257 Multifamily 120 360 356 116
400029299 Multifamily 120 360 357 117
400029306 Multifamily 120 360 358 118
400031048 Multifamily 120 360 358 118
400031123 Multifamily 120 360 358 118
M0171 Multifamily 120 360 355 115
M0172 Multifamily 120 300 295 115
M0220 Multifamily 120 360 354 114
M0262 Multifamily 120 360 354 114
M0263 Multifamily 120 360 354 114
M0264 Multifamily 120 360 354 114
M0288 Multifamily 120 360 354 114
M0289 Multifamily 120 360 354 114
M0290 Multifamily 120 360 354 114
M0330 Multifamily 120 360 358 118
M0364 Multifamily 120 360 359 119
M0415 Multifamily 120 360 356 116
M0443 Multifamily 120 360 359 119
M0462 Multifamily 120 360 359 119
M0514 Multifamily 120 360 359 119
M0537 Multifamily 120 360 359 119
TBD1 Multifamily 120 320 311 111
09-0001106 Nursing Home, Skilled 120 300 298 118
09-0001063 Office 120 360 356 116
09-0001095 Office 120 360 357 117
400029155 Office 120 300 293 113
400029156 Office 120 360 355 115
400029161 Office 120 360 355 115
400029162 Office 108 360 353 101
400029163 Office 84 360 354 78
400029172 Office 120 360 355 115
400029173 Office 120 300 295 115
400029192 Office 120 360 354 114
400029223 Office 120 360 356 116
400029236 Office 120 288 284 116
400029282 Office 120 360 357 117
400029290 Office 120 300 297 117
400029304 Office 120 300 298 118
400029310 Office 120 300 299 119
400029311 Office 120 300 298 118
400030922 Office 120 360 359 119
400030935 Office 120 360 359 119
O0179 Office 84 360 357 81
O0244 Office 120 360 353 113
400029250 Self-Storage 120 300 296 116
400029200 Special Purpose 120 180 175 115
400029216 Special Purpose 120 300 297 117
09-0001087 Unanchored Retail 120 360 358 118
09-0001091 Unanchored Retail 120 360 358 118
09-0001168 Unanchored Retail 120 360 360 120
400029143 Unanchored Retail 84 360 354 78
400029147 Unanchored Retail 120 360 353 113
400029174 Unanchored Retail 120 360 355 115
400029180 Unanchored Retail 120 300 293 113
400029186 Unanchored Retail 120 360 355 115
400029196 Unanchored Retail 120 324 320 116
400029204 Unanchored Retail 120 360 354 114
400029218 Unanchored Retail 120 360 356 116
400029219 Unanchored Retail 120 360 356 116
400029220 Unanchored Retail 120 360 356 116
400029221 Unanchored Retail 120 360 356 116
400029222 Unanchored Retail 120 360 356 116
400029224 Unanchored Retail 120 360 356 116
400029225 Unanchored Retail 120 360 356 116
400029226 Unanchored Retail 120 360 356 116
400029228 Unanchored Retail 120 300 295 115
400029255 Unanchored Retail 120 360 356 116
400029258 Unanchored Retail 120 360 357 117
400029309 Unanchored Retail 120 240 239 119
400030913 Unanchored Retail 120 360 359 119
400030925 Unanchored Retail 120 300 299 119
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
loan property_type balance_original balance_scheduled payment_current loan_type
ANUM PTYPE OBAL PBAL PI lntype
LOANID Basic PROPTYPES ORIGBAL CURBAL payment per month loan type; e.gs
LOANID PROPTYPE ORIGBAL CURBAL PI LNTYPE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
09-0001122 Anchored Retail 14200000 14180655 96869.03 Amortizing Balloon
09-0001128 Anchored Retail 25600000 25580579 177074.61 Hyperamortizing
400028225 Anchored Retail 18968000 18780204 143434.75 Amortizing Balloon
400028275 Anchored Retail 10600000 10515356 72454.54 Hyperamortizing
400028286 Anchored Retail 2000000 1969496 15783.29 Amortizing Balloon
400029134 Anchored Retail 4500000 4474681 30515.00 Amortizing Balloon
400029154 Anchored Retail 3110000 3093076 21448.21 Amortizing Balloon
400029181 Anchored Retail 3487500 3461514 24771.42 Amortizing Balloon
400029191 Anchored Retail 1960000 1955115 13879.50 Amortizing Balloon
400029194 Anchored Retail 2300000 2287334 16461.91 Amortizing Balloon
400029201 Anchored Retail 2380000 2368055 17774.18 Amortizing Balloon
400029207 Anchored Retail 12800000 12765411 87840.08 Amortizing Balloon
400030896 Anchored Retail 4000000 3995148 28552.47 Amortizing Balloon
R0315 Anchored Retail 4200000 4193946 27999.14 Amortizing Balloon
R0480 Anchored Retail 1800000 1798672 12622.83 Amortizing Balloon
09-0001040 Industrial 12500000 12457214 84425.84 Amortizing Balloon
09-0001085 Industrial 1550000 1548047 10901.58 Hyperamortizing
09-0001111 Industrial 3700000 3697091 25140.22 Amortizing Balloon
400029145 Industrial 2400000 2376404 17208.45 Amortizing Balloon
400029150 Industrial 1500000 1474882 12047.24 Amortizing Balloon
400029197 Industrial 3000000 2987166 21936.10 Amortizing Balloon
400029205 Industrial 6100000 6075342 41117.42 Amortizing Balloon
400029206 Industrial 1614000 1602131 12933.28 Amortizing Balloon
400029297 Industrial 1360000 1355305 10032.59 Amortizing Balloon
400030893 Industrial 2000000 1998409 13508.14 Amortizing Balloon
09-0001065 Lodging 5400000 5377414 39905.52 Amortizing Balloon
400029158 Lodging 2850000 2829759 21302.83 Amortizing Balloon
400029190 Lodging 3180000 3161534 24417.49 Amortizing Balloon
400030964 Lodging 13300000 13286218 103445.77 Amortizing Balloon
400030965 Lodging 21800000 21777411 169557.73 Amortizing Balloon
400030966 Lodging 5400000 5394404 42000.54 Amortizing Balloon
400030967 Lodging 3500000 3496373 27222.57 Amortizing Balloon
L0184 Lodging 2075000 2068993 15618.62 Amortizing Balloon
400029157 Mixed Use 2500000 2479427 19229.21 Amortizing Balloon
09-0001035 Multifamily 697000 693474 4604.44 Amortizing Balloon
09-0001036 Multifamily 590750 587761 3902.54 Amortizing Balloon
09-0001042 Multifamily 9800000 9756251 64805.22 Amortizing Balloon
09-0001045 Multifamily 3000000 2990018 20485.64 Amortizing Balloon
09-0001051 Multifamily 2040000 2036058 13957.93 Amortizing Balloon
09-0001070 Multifamily 1800000 1796427 12193.83 Amortizing Balloon
09-0001075 Multifamily 1064000 1061977 7323.42 Amortizing Balloon
09-0001082 Multifamily 5482500 5470880 36217.83 Amortizing Balloon
09-0001084 Multifamily 2275000 2270721 15720.61 Amortizing Balloon
09-0001107 Multifamily 2985000 2981475 21508.80 Amortizing Balloon
09-0001123 Multifamily 10050000 10035229 66458.42 Amortizing Balloon
400028269 Multifamily 2150000 2140966 14579.39 Amortizing Balloon
400029137 Multifamily 3600000 3568243 25398.14 Amortizing Balloon
400029139 Multifamily 5200000 5161627 35936.04 Hyperamortizing
400029168 Multifamily 1550000 1537778 11034.31 Amortizing Balloon
400029169 Multifamily 4750000 4720294 31729.57 Amortizing Balloon
400029178 Multifamily 3500000 3482939 23568.34 Amortizing Balloon
400029182 Multifamily 1500000 1494957 10202.14 Amortizing Balloon
400029183 Multifamily 2300000 2290025 15394.75 Amortizing Balloon
400029185 Multifamily 1760000 1752514 11875.27 Amortizing Balloon
400029202 Multifamily 4560000 4540699 30829.36 Amortizing Balloon
400029208 Multifamily 2200000 2190202 14562.85 Amortizing Balloon
400029232 Multifamily 4000000 3988673 26935.24 Amortizing Balloon
400029252 Multifamily 3850000 3830519 26965.89 Amortizing Balloon
400029257 Multifamily 4800000 4786473 32387.10 Amortizing Balloon
400029299 Multifamily 4000000 3991324 26183.67 Amortizing Balloon
400029306 Multifamily 3950000 3944024 25803.69 Amortizing Balloon
400031048 Multifamily 4600000 4592526 30789.50 Amortizing Balloon
400031123 Multifamily 1800000 1797348 11890.94 Amortizing Balloon
M0171 Multifamily 9400000 9370479 65597.48 Amortizing Balloon
M0172 Multifamily 625000 621814 4634.97 Amortizing Balloon
M0220 Multifamily 1325000 1319950 9337.28 Amortizing Balloon
M0262 Multifamily 1328000 1322392 8987.35 Amortizing Balloon
M0263 Multifamily 3100000 3087007 21042.43 Amortizing Balloon
M0264 Multifamily 1750000 1742665 11878.79 Amortizing Balloon
M0288 Multifamily 1050000 1045599 7127.28 Amortizing Balloon
M0289 Multifamily 1000000 995809 6787.88 Amortizing Balloon
M0290 Multifamily 1325000 1319405 8967.05 Amortizing Balloon
M0330 Multifamily 4500000 4493481 29938.61 Amortizing Balloon
M0364 Multifamily 960000 959266 6614.13 Amortizing Balloon
M0415 Multifamily 3960000 3949299 27175.53 Amortizing Balloon
M0443 Multifamily 2400000 2397966 15694.19 Amortizing Balloon
M0462 Multifamily 8740000 8732563 57036.49 Amortizing Balloon
M0514 Multifamily 11850000 11839014 73889.84 Amortizing Balloon
M0537 Multifamily 2720000 2717695 17786.75 Amortizing Balloon
TBD1 Multifamily 110000000 79649602 879519.87 Amortizing Balloon
09-0001106 Nursing Home, Skilled 2520000 2515134 19249.87 Amortizing Balloon
09-0001063 Office 4500000 4487381 30423.71 Amortizing Balloon
09-0001095 Office 1500000 1497093 10253.00 Amortizing Balloon
400029155 Office 1500000 1488536 11468.15 Amortizing Balloon
400029156 Office 2100000 2091693 14311.46 Amortizing Balloon
400029161 Office 5000000 4982842 33736.56 Amortizing Balloon
400029162 Office 2200000 2190120 15322.51 Amortizing Balloon
400029163 Office 2700000 2689284 18731.11 Amortizing Balloon
400029172 Office 5730000 5711230 39361.12 Amortizing Balloon
400029173 Office 4300000 4274867 31553.20 Amortizing Balloon
400029192 Office 2385000 2374905 16124.57 Amortizing Balloon
400029223 Office 3250000 3240105 22546.70 Amortizing Balloon
400029236 Office 2600000 2586639 19256.28 Amortizing Balloon
400029282 Office 8800000 8782994 60210.68 Amortizing Balloon
400029290 Office 1475000 1470571 10928.92 Amortizing Balloon
400029304 Office 1100000 1097591 7929.63 Amortizing Balloon
400029310 Office 2100000 2097493 15124.87 Amortizing Balloon
400029311 Office 1600000 1596614 11719.18 Amortizing Balloon
400030922 Office 5320000 5315613 35286.97 Amortizing Balloon
400030935 Office 8660000 8653258 59135.22 Amortizing Balloon
O0179 Office 10700000 10679600 73574.36 Amortizing Balloon
O0244 Office 6500000 6469538 44540.03 Amortizing Balloon
400029250 Self-Storage 3157000 3143720 23268.38 Amortizing Balloon
400029200 Special Purpose 4500000 4433463 41485.74 Amortizing Balloon
400029216 Special Purpose 2200000 2193085 15972.69 Amortizing Balloon
09-0001087 Unanchored Retail 2300000 2296828 15612.13 Amortizing Balloon
09-0001091 Unanchored Retail 1400000 1398102 9569.47 Amortizing Balloon
09-0001168 Unanchored Retail 21500000 21500000 141311.52 Amortizing Balloon
400029143 Unanchored Retail 3080000 3066250 20367.36 Amortizing Balloon
400029147 Unanchored Retail 4140000 4117998 28890.80 Amortizing Balloon
400029174 Unanchored Retail 1600000 1594759 10990.89 Amortizing Balloon
400029180 Unanchored Retail 1440000 1427640 10320.45 Amortizing Balloon
400029186 Unanchored Retail 2750000 2742574 20236.07 Amortizing Balloon
400029196 Unanchored Retail 1980000 1973591 14654.30 Amortizing Balloon
400029204 Unanchored Retail 2250000 2241532 15933.10 Amortizing Balloon
400029218 Unanchored Retail 5850000 5832189 40584.06 Amortizing Balloon
400029219 Unanchored Retail 2550000 2542236 17690.49 Amortizing Balloon
400029220 Unanchored Retail 6860000 6839114 47590.89 Amortizing Balloon
400029221 Unanchored Retail 6220000 6201063 43150.92 Amortizing Balloon
400029222 Unanchored Retail 3880000 3868187 26917.29 Amortizing Balloon
400029224 Unanchored Retail 9950000 9919707 69027.60 Amortizing Balloon
400029225 Unanchored Retail 1680000 1674885 11654.91 Amortizing Balloon
400029226 Unanchored Retail 4510000 4496269 31287.89 Amortizing Balloon
400029228 Unanchored Retail 1500000 1492202 11026.39 Amortizing Balloon
400029255 Unanchored Retail 6450000 6433298 45011.04 Amortizing Balloon
400029258 Unanchored Retail 1830000 1825876 12758.05 Amortizing Balloon
400029309 Unanchored Retail 2137000 2133001 16838.58 Amortizing Balloon
400030913 Unanchored Retail 14500000 14488530 98228.05 Amortizing Balloon
400030925 Unanchored Retail 1750000 1747809 12268.34 Amortizing Balloon
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
loan property_type ratetype coupon_current calendar_type user_value2 DSCR
ANUM PTYPE RATETYPE RATE INTCALC UWNCF DSCR
LOANID Basic PROPTYPES RATETYPE RATE INTCALC
LOANID PROPTYPE RATETYPE RATE INTCALC NCFUW DSCR
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
09-0001122 Anchored Retail Fixed 7.2500 Actual Days / 360 Year-Days 1556746 1.34
09-0001128 Anchored Retail Fixed 7.3900 Actual Days / 360 Year-Days 2810897 1.32
400028225 Anchored Retail Fixed 8.3200 30 Month-Days / 360 Year-Days 2011729 1.17
400028275 Anchored Retail Fixed 7.2700 30 Month-Days / 360 Year-Days 1050628 1.21
400028286 Anchored Retail Fixed 7.2300 Actual Days / 365 Year-Days 233916 1.24
400029134 Anchored Retail Fixed 7.1900 30 Month-Days / 360 Year-Days 495526 1.35
400029154 Anchored Retail Fixed 7.3600 30 Month-Days / 360 Year-Days 345576 1.34
400029181 Anchored Retail Fixed 7.0550 30 Month-Days / 360 Year-Days 378358 1.27
400029191 Anchored Retail Fixed 7.6300 Actual Days / 360 Year-Days 217066 1.30
400029194 Anchored Retail Fixed 7.1400 Actual Days / 360 Year-Days 250911 1.27
400029201 Anchored Retail Fixed 7.6200 Actual Days / 360 Year-Days 279708 1.31
400029207 Anchored Retail Fixed 7.3100 Actual Days / 360 Year-Days 1393459 1.32
400030896 Anchored Retail Fixed 7.1100 Actual Days / 360 Year-Days 436117 1.27
R0315 Anchored Retail Fixed 7.0200 Actual Days / 360 Year-Days 435594 1.30
R0480 Anchored Retail Fixed 7.5300 Actual Days / 360 Year-Days 200648 1.32
09-0001040 Industrial Fixed 7.1500 Actual Days / 360 Year-Days 1320583 1.30
09-0001085 Industrial Fixed 7.5600 Actual Days / 360 Year-Days 185671 1.42
09-0001111 Industrial Fixed 7.2100 Actual Days / 360 Year-Days 402811 1.34
400029145 Industrial Fixed 7.1600 30 Month-Days / 360 Year-Days 278869 1.35
400029150 Industrial Fixed 7.4600 30 Month-Days / 360 Year-Days 184174 1.27
400029197 Industrial Fixed 7.3800 Actual Days / 360 Year-Days 346490 1.32
400029205 Industrial Fixed 7.1300 30 Month-Days / 360 Year-Days 672944 1.36
400029206 Industrial Fixed 7.4300 30 Month-Days / 360 Year-Days 178727 1.15
400029297 Industrial Fixed 7.4800 30 Month-Days / 360 Year-Days 151389 1.26
400030893 Industrial Fixed 7.1500 Actual Days / 360 Year-Days 213161 1.32
09-0001065 Lodging Fixed 7.5000 Actual Days / 360 Year-Days 557903 1.17
400029158 Lodging Fixed 7.6300 Actual Days / 360 Year-Days 344425 1.35
400029190 Lodging Fixed 7.9400 Actual Days / 360 Year-Days 396853 1.35
400030964 Lodging Fixed 8.0900 Actual Days / 360 Year-Days 1550857 1.25
400030965 Lodging Fixed 8.0900 Actual Days / 360 Year-Days 2545470 1.25
400030966 Lodging Fixed 8.0900 Actual Days / 360 Year-Days 645024 1.28
400030967 Lodging Fixed 8.0900 Actual Days / 360 Year-Days 433633 1.33
L0184 Lodging Fixed 7.7100 Actual Days / 360 Year-Days 241681 1.29
400029157 Mixed Use Fixed 7.9600 Actual Days / 360 Year-Days 311270 1.35
09-0001035 Multifamily Fixed 6.9300 30 Month-Days / 360 Year-Days 94767 1.72
09-0001036 Multifamily Fixed 6.9300 30 Month-Days / 360 Year-Days 75886 1.62
09-0001042 Multifamily Fixed 6.9400 Actual Days / 360 Year-Days 1152535 1.48
09-0001045 Multifamily Fixed 7.2600 Actual Days / 360 Year-Days 368822 1.50
09-0001051 Multifamily Fixed 7.2800 Actual Days / 360 Year-Days 231587 1.38
09-0001070 Multifamily Fixed 7.1800 Actual Days / 360 Year-Days 187132 1.28
09-0001075 Multifamily Fixed 7.3400 Actual Days / 360 Year-Days 123544 1.41
09-0001082 Multifamily Fixed 6.9300 Actual Days / 360 Year-Days 712935 1.64
09-0001084 Multifamily Fixed 7.3800 Actual Days / 360 Year-Days 248676 1.32
09-0001107 Multifamily Fixed 7.8100 Actual Days / 360 Year-Days 482001 1.87
09-0001123 Multifamily Fixed 6.9400 Actual Days / 360 Year-Days 1042299 1.31
400028269 Multifamily Fixed 7.1900 Actual Days / 360 Year-Days 237653 1.36
400029137 Multifamily Fixed 6.9800 30 Month-Days / 360 Year-Days 426871 1.40
400029139 Multifamily Fixed 7.0500 30 Month-Days / 360 Year-Days 567731 1.32
400029168 Multifamily Fixed 7.0800 Actual Days / 360 Year-Days 197917 1.49
400029169 Multifamily Fixed 7.0400 Actual Days / 360 Year-Days 482232 1.27
400029178 Multifamily Fixed 7.1200 30 Month-Days / 360 Year-Days 394356 1.39
400029182 Multifamily Fixed 7.2200 Actual Days / 360 Year-Days 165691 1.35
400029183 Multifamily Fixed 7.0600 Actual Days / 360 Year-Days 249458 1.35
400029185 Multifamily Fixed 7.1400 Actual Days / 360 Year-Days 231334 1.62
400029202 Multifamily Fixed 7.1600 Actual Days / 360 Year-Days 549483 1.49
400029208 Multifamily Fixed 6.9500 Actual Days / 360 Year-Days 231015 1.32
400029232 Multifamily Fixed 7.1200 Actual Days / 360 Year-Days 412006 1.27
400029252 Multifamily Fixed 6.9000 30 Month-Days / 360 Year-Days 441877 1.37
400029257 Multifamily Fixed 7.1400 Actual Days / 360 Year-Days 493550 1.27
400029299 Multifamily Fixed 6.8400 Actual Days / 360 Year-Days 568071 1.81
400029306 Multifamily Fixed 6.8200 Actual Days / 360 Year-Days 407917 1.32
400031048 Multifamily Fixed 7.0600 30 Month-Days / 360 Year-Days 443231 1.20
400031123 Multifamily Fixed 6.9300 Actual Days / 360 Year-Days 183299 1.28
M0171 Multifamily Fixed 7.4800 Actual Days / 360 Year-Days 918305 1.17
M0172 Multifamily Fixed 7.5400 Actual Days / 360 Year-Days 88919 1.60
M0220 Multifamily Fixed 7.5800 Actual Days / 360 Year-Days 150558 1.34
M0262 Multifamily Fixed 7.1700 Actual Days / 360 Year-Days 144811 1.34
M0263 Multifamily Fixed 7.2000 Actual Days / 360 Year-Days 345238 1.37
M0264 Multifamily Fixed 7.2000 Actual Days / 360 Year-Days 215535 1.51
M0288 Multifamily Fixed 7.2000 Actual Days / 360 Year-Days 122122 1.43
M0289 Multifamily Fixed 7.2000 Actual Days / 360 Year-Days 119999 1.47
M0290 Multifamily Fixed 7.1700 Actual Days / 360 Year-Days 140425 1.31
M0330 Multifamily Fixed 7.0000 Actual Days / 360 Year-Days 556372 1.55
M0364 Multifamily Fixed 7.3500 Actual Days / 360 Year-Days 118418 1.49
M0415 Multifamily Fixed 7.3100 Actual Days / 360 Year-Days 449055 1.38
M0443 Multifamily Fixed 6.8300 Actual Days / 360 Year-Days 274079 1.46
M0462 Multifamily Fixed 6.8100 Actual Days / 360 Year-Days 1133567 1.66
M0514 Multifamily Fixed 6.3700 Actual Days / 360 Year-Days 1259836 1.42
M0537 Multifamily Fixed 6.8300 Actual Days / 360 Year-Days 297140 1.39
TBD1 Multifamily Fixed 8.5000 Actual Days / 360 Year-Days 4353732 1.39
09-0001106 Nursing Home, Skilled Fixed 7.8800 Actual Dayse/ 360 Year-Days 318209 1.38
09-0001063 Office Fixed 7.1600 Actual Days / 360 Year-Days 491358 1.35
09-0001095 Office Fixed 7.2700 Actual Days / 360 Year-Days 166897 1.36
400029155 Office Fixed 7.8900 30 Month-Days / 360 Year-Days 175907 1.28
400029156 Office Fixed 7.2400 30 Month-Days / 360 Year-Days 214285 1.25
400029161 Office Fixed 7.1400 Actual Days / 360 Year-Days 532628 1.32
400029162 Office Fixed 7.4600 Actual Days / 360 Year-Days 239168 1.30
400029163 Office Fixed 7.4200 Actual Days / 360 Year-Days 296972 1.32
400029172 Office Fixed 7.3200 Actual Days / 360 Year-Days 599049 1.27
400029173 Office Fixed 7.4200 30 Month-Days / 360 Year-Days 500282 1.32
400029192 Office Fixed 7.1600 Actual Days / 360 Year-Days 258711 1.34
400029223 Office Fixed 7.4200 30 Month-Days / 360 Year-Days 337003 1.25
400029236 Office Fixed 7.3600 30 Month-Days / 360 Year-Days 309852 1.34
400029282 Office Fixed 7.2800 Actual Days / 360 Year-Days 1019962 1.41
400029290 Office Fixed 7.5300 Actual Days / 360 Year-Days 166315 1.27
400029304 Office Fixed 7.2200 Actual Days / 360 Year-Days 125674 1.32
400029310 Office Fixed 7.2100 Actual Days / 360 Year-Days 235700 1.30
400029311 Office Fixed 7.4000 Actual Days / 360 Year-Days 173630 1.23
400030922 Office Fixed 6.9700 Actual Days / 360 Year-Days 544400 1.29
400030935 Office Fixed 7.2600 Actual Days / 360 Year-Days 799553 1.13
O0179 Office Fixed 7.3300 Actual Days / 360 Year-Days 1109060 1.26
O0244 Office Fixed 7.2950 Actual Days / 360 Year-Days 708340 1.33
400029250 Self-Storage Fixed 7.4700 Actual Days / 360 Year-Days 355086 1.27
400029200 Special Purpose Fixed 7.4100 Actual Days / 360 Year-Days 562166 1.13
400029216 Special Purpose Fixed 7.3000 Actual Days / 360 Year-Days 241036 1.26
09-0001087 Unanchored Retail Fixed 7.2000 Actual Days / 360 Year-Days 239686 1.28
09-0001091 Unanchored Retail Fixed 7.2700 Actual Days / 360 Year-Days 157719 1.37
09-0001168 Unanchored Retail Fixed 6.8800 Actual Days / 360 Year-Days 2605088 1.54
400029143 Unanchored Retail Fixed 6.9400 Actual Days / 360 Year-Days 312616 1.28
400029147 Unanchored Retail Fixed 7.4800 30 Month-Days / 360 Year-Days 455075 1.31
400029174 Unanchored Retail Fixed 7.3200 Actual Days / 360 Year-Days 173074 1.31
400029180 Unanchored Retail Fixed 7.1550 30 Month-Days / 360 Year-Days 164436 1.33
400029186 Unanchored Retail Fixed 8.0300 Actual Days / 360 Year-Days 320908 1.32
400029196 Unanchored Retail Fixed 7.7900 Actual Days / 360 Year-Days 225797 1.28
400029204 Unanchored Retail Fixed 7.6300 Actual Days / 360 Year-Days 257863 1.35
400029218 Unanchored Retail Fixed 7.4200 30 Month-Days / 360 Year-Days 635197 1.30
400029219 Unanchored Retail Fixed 7.4200 30 Month-Days / 360 Year-Days 272868 1.29
400029220 Unanchored Retail Fixed 7.4200 30 Month-Days / 360 Year-Days 735911 1.29
400029221 Unanchored Retail Fixed 7.4200 30 Month-Days / 360 Year-Days 775764 1.50
400029222 Unanchored Retail Fixed 7.4200 30 Month-Days / 360 Year-Days 413263 1.28
400029224 Unanchored Retail Fixed 7.4200 30 Month-Days / 360 Year-Days 1036003 1.25
400029225 Unanchored Retail Fixed 7.4200 30 Month-Days / 360 Year-Days 177351 1.27
400029226 Unanchored Retail Fixed 7.4200 30 Month-Days / 360 Year-Days 478097 1.27
400029228 Unanchored Retail Fixed 7.4400 Actual Days / 360 Year-Days 167401 1.27
400029255 Unanchored Retail Fixed 7.4800 Actual Days / 360 Year-Days 684429 1.27
400029258 Unanchored Retail Fixed 7.4700 30 Month-Days / 360 Year-Days 195886 1.28
400029309 Unanchored Retail Fixed 7.2100 Actual Days / 360 Year-Days 265378 1.31
400030913 Unanchored Retail Fixed 7.1800 Actual Days / 360 Year-Days 1588282 1.35
400030925 Unanchored Retail Fixed 6.9100 Actual Days / 360 Year-Days 195730 1.33
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
loan property_type LTV_current percent_occupied prepay_des loterm
ANUM PTYPE CLTV OCC_PCT PREPAY LOTERM
Prepay no of lockout
LOANID Basic PROPTYPES LTVUW OCC%UW description in text months
LOANID PROPTYPE LTVUW OCC%UW YM/DEF LOCKTM
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
09-0001122 Anchored Retail 81 99 Defeasance 36
09-0001128 Anchored Retail 80 91 Defeasance 36
400028225 Anchored Retail 77 95 Greater of YM or 1% 36
400028275 Anchored Retail 73 91 Greater of YM or 1% 48
400028286 Anchored Retail 75 91 Defeasance 36
400029134 Anchored Retail 73 91 Greater of YM or 1% 48
400029154 Anchored Retail 80 100 Greater of YM or 1% 48
400029181 Anchored Retail 75 80 Greater of YM or 1% 48
400029191 Anchored Retail 73 100 Greater of YM or 1% 48
400029194 Anchored Retail 60 94 Greater of YM or 1% 48
400029201 Anchored Retail 72 100 Greater of YM or 1% 48
400029207 Anchored Retail 77 90 Greater of YM or 1% 48
400030896 Anchored Retail 68 91 Greater of YM or 1% 48
R0315 Anchored Retail 74 100 Defeasance 36
R0480 Anchored Retail 75 100 Defeasance 36
09-0001040 Industrial 70 100 Defeasance 36
09-0001085 Industrial 78 98 Defeasance 36
09-0001111 Industrial 80 100 Defeasance 36
400029145 Industrial 65 100 Greater of YM or 1% 48
400029150 Industrial 75 100 Greater of YM or 1% 48
400029197 Industrial 74 100 Greater of YM or 1% 48
400029205 Industrial 73 100 Greater of YM or 1% 48
400029206 Industrial 73 100 Defeasance 60
400029297 Industrial 80 100 Greater of YM or 1% 48
400030893 Industrial 65 100 Greater of YM or 1% 48
09-0001065 Lodging 90 70 Defeasance 36
400029158 Lodging 67 80 Defeasance 96
400029190 Lodging 73 76 Greater of YM or 1% 48
400030964 Lodging 71 66 Defeasance 36
400030965 Lodging 86 65 Defeasance 36
400030966 Lodging 60 74 Defeasance 36
400030967 Lodging 64 62 Defeasance 36
L0184 Lodging 77 64 Defeasance 36
400029157 Mixed Use 69 100 Defeasance 36
09-0001035 Multifamily 80 99 Defeasance 36
09-0001036 Multifamily 80 100 Defeasance 36
09-0001042 Multifamily 81 93 Defeasance 36
09-0001045 Multifamily 70 94 Defeasance 36
09-0001051 Multifamily 85 94 Defeasance 28
09-0001070 Multifamily 86 93 Defeasance 36
09-0001075 Multifamily 87 94 Defeasance 36
09-0001082 Multifamily 90 87 Defeasance 36
09-0001084 Multifamily 77 95 Defeasance 36
09-0001107 Multifamily 62 88 Defeasance 36
09-0001123 Multifamily 79 97 Defeasance 36
400028269 Multifamily 79 100 Greater of YM or 1% 48
400029137 Multifamily 80 97 Greater of YM or 1% 48
400029139 Multifamily 79 100 Defeasance 36
400029168 Multifamily 72 92 Greater of YM or 1% 48
400029169 Multifamily 79 91 Defeasance 36
400029178 Multifamily 79 92 Yield Maintenance 48
400029182 Multifamily 75 92 Greater of YM or 1% 48
400029183 Multifamily 77 99 Greater of YM or 1% 48
400029185 Multifamily 77 93 Greater of YM or 1% 48
400029202 Multifamily 80 93 Defeasance 36
400029208 Multifamily 85 93 Defeasance 36
400029232 Multifamily 78 97 Greater of YM or 1% 48
400029252 Multifamily 74 99 Greater of YM or 1% 48
400029257 Multifamily 79 95 Greater of YM or 1% 48
400029299 Multifamily 62 98 Greater of YM or 1% 48
400029306 Multifamily 76 Defeasance 36
400031048 Multifamily 76 92 Defeasance 36
400031123 Multifamily 78 85 Defeasance 36
M0171 Multifamily 71 94 Defeasance 30
M0172 Multifamily 69 100 Defeasance 36
M0220 Multifamily 73 100 Greater of YM or 1% 36
M0262 Multifamily 80 97 Defeasance 31
M0263 Multifamily 79 100 Defeasance 31
M0264 Multifamily 76 97 Defeasance 31
M0288 Multifamily 73 96 Defeasance 31
M0289 Multifamily 75 100 Defeasance 31
M0290 Multifamily 80 96 Defeasance 31
M0330 Multifamily 79 98 Defeasance 36
M0364 Multifamily 80 96 Defeasance 36
M0415 Multifamily 81 99 Defeasance 36
M0443 Multifamily 80 98 Defeasance 36
M0462 Multifamily 77 99 Defeasance 36
M0514 Multifamily 74 96 Defeasance 26
M0537 Multifamily 80 95 Defeasance 36
TBD1 Multifamily 61 97 Lockout / 1 Year Ope 108
09-0001106 Nursing Home, Skilled 50 84 Greater of YM or 1% 27
09-0001063 Office 64 100 Defeasance 36
09-0001095 Office 71 100 Defeasance 36
400029155 Office 73 100 Defeasance 36
400029156 Office 75 100 Greater of YM or 1% 48
400029161 Office 61 96 Greater of YM or 1% 48
400029162 Office 71 100 Defeasance 36
400029163 Office 75 100 Defeasance 36
400029172 Office 76 90 Greater of YM or 1% 48
400029173 Office 64 39 Greater of YM or 1% 48
400029192 Office 72 100 Greater of YM or 1% 48
400029223 Office 60 100 Greater of YM or 1% 36
400029236 Office 74 92 Greater of YM or 1% 48
400029282 Office 79 100 Greater of YM or 1% 48
400029290 Office 75 100 Greater of YM or 1% 36
400029304 Office 65 100 Greater of YM or 1% 48
400029310 Office 78 97 Greater of YM or 1% 48
400029311 Office 75 87 Greater of YM or 1% 36
400030922 Office 72 100 Greater of YM or 1% 48
400030935 Office 81 95 Greater of YM or 1% 36
O0179 Office 80 100 Defeasance 36
O0244 Office 68 100 Defeasance 32
400029250 Self-Storage 77 89 Greater of YM or 1% 48
400029200 Special Purpose 73 100 Greater of YM or 1% 48
400029216 Special Purpose 70 100 Greater of YM or 1% 48
09-0001087 Unanchored Retail 82 93 Defeasance 36
09-0001091 Unanchored Retail 74 100 Defeasance 36
09-0001168 Unanchored Retail 79 86 Defeasance 36
400029143 Unanchored Retail 79 94 Greater of YM or 1% 48
400029147 Unanchored Retail 75 97 Greater of YM or 1% 48
400029174 Unanchored Retail 75 92 Greater of YM or 1% 48
400029180 Unanchored Retail 72 100 Greater of YM or 1% 48
400029186 Unanchored Retail 66 100 Greater of YM or 1% 60
400029196 Unanchored Retail 68 100 Greater of YM or 1% 48
400029204 Unanchored Retail 77 95 Greater of YM or 1% 48
400029218 Unanchored Retail 79 100 Greater of YM or 1% 36
400029219 Unanchored Retail 57 100 Greater of YM or 1% 36
400029220 Unanchored Retail 76 100 Greater of YM or 1% 36
400029221 Unanchored Retail 71 100 Greater of YM or 1% 36
400029222 Unanchored Retail 62 93 Greater of YM or 1% 36
400029224 Unanchored Retail 72 100 Greater of YM or 1% 36
400029225 Unanchored Retail 62 100 Greater of YM or 1% 36
400029226 Unanchored Retail 68 100 Greater of YM or 1% 36
400029228 Unanchored Retail 71 100 Defeasance 36
400029255 Unanchored Retail 79 87 Greater of YM or 1% 48
400029258 Unanchored Retail 80 100 Greater of YM or 1% 48
400029309 Unanchored Retail 75 100 Greater of YM or 1% 48
400030913 Unanchored Retail 72 100 Greater of YM or 1% 36
400030925 Unanchored Retail 74 97 Greater of YM or 1% 48
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
loan property_type LODATE defterm DFDATE ymterm YMTYPE YMDATE
ANUM PTYPE UNLOCKDT DEFTERM UNDEFDT YMTERM YMTYPE YMDT
no of months yield date when yield
no of months of date when of yield maintenance maintenance
LOANID Basic PROPTYPES unlock date defeasance defeasance expires maintenance type expires
LOANID PROPTYPE UNLOCK DEFTM DEXPIRE YMTM YMTYPE YEXPIRE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
09-0001122 Anchored Retail 8/1/01 81 5/1/08 0
09-0001128 Anchored Retail 9/1/01 324 9/1/08 0
400028225 Anchored Retail 8/1/00 0 42 1/1/04
400028275 Anchored Retail 1/1/02 0 307 7/1/07
400028286 Anchored Retail 3/1/01 78 8/1/07 0
400029134 Anchored Retail 4/1/02 0 66 9/1/07
400029154 Anchored Retail 4/1/02 0 67 10/1/07
400029181 Anchored Retail 5/1/02 0 66 10/1/07
400029191 Anchored Retail 7/1/02 0 66 12/1/07
400029194 Anchored Retail 6/1/02 0 66 11/1/07
400029201 Anchored Retail 6/1/02 0 66 11/1/07
400029207 Anchored Retail 7/1/02 0 66 12/1/07
400030896 Anchored Retail 10/1/02 0 66 3/1/08
R0315 Anchored Retail 8/1/01 84 7/31/08 0
R0480 Anchored Retail 9/1/01 78 3/1/08 0
09-0001040 Industrial 5/1/01 81 2/1/08 0
09-0001085 Industrial 8/1/01 321 5/1/08 0
09-0001111 Industrial 9/1/01 81 6/1/08 0
400029145 Industrial 3/1/02 0 66 8/1/07
400029150 Industrial 2/1/02 0 66 7/1/07
400029197 Industrial 7/1/02 0 66 12/1/07
400029205 Industrial 6/1/02 0 66 11/1/07
400029206 Industrial 7/1/03 54 12/1/07 0
400029297 Industrial 8/1/02 0 66 1/1/08
400030893 Industrial 10/1/02 0 66 3/1/08
09-0001065 Lodging 6/1/01 83 5/1/08 0
400029158 Lodging 4/1/06 24 3/1/08 0
400029190 Lodging 5/1/02 0 66 10/1/07
400030964 Lodging 10/1/01 81 6/1/08 0
400030965 Lodging 10/1/01 81 6/1/08 0
400030966 Lodging 10/1/01 81 6/1/08 0
400030967 Lodging 10/1/01 81 6/1/08 0
L0184 Lodging 7/1/01 78 1/1/08 0
400029157 Mixed Use 3/1/01 78 8/1/07 0
09-0001035 Multifamily 4/1/01 81 1/1/08 0
09-0001036 Multifamily 4/1/01 81 1/1/08 0
09-0001042 Multifamily 4/10/01 81 1/10/08 0
09-0001045 Multifamily 5/1/01 83 4/1/08 0
09-0001051 Multifamily 11/1/00 91 6/1/08 0
09-0001070 Multifamily 7/1/01 81 4/1/08 0
09-0001075 Multifamily 7/1/01 83 6/1/08 0
09-0001082 Multifamily 7/1/01 83 6/1/08 0
09-0001084 Multifamily 7/1/01 81 4/1/08 0
09-0001107 Multifamily 8/1/01 81 5/1/08 0
09-0001123 Multifamily 8/1/01 81 5/1/08 0
400028269 Multifamily 5/1/02 0 66 10/1/07
400029137 Multifamily 4/1/02 0 66 9/1/07
400029139 Multifamily 3/1/01 288 3/1/08 0
400029168 Multifamily 4/1/02 0 66 9/1/07
400029169 Multifamily 3/1/01 78 8/1/07 0
400029178 Multifamily 5/1/02 0 66 10/1/07
400029182 Multifamily 6/1/02 0 66 11/1/07
400029183 Multifamily 5/1/02 0 66 10/1/07
400029185 Multifamily 5/1/02 0 66 10/1/07
400029202 Multifamily 5/1/01 78 10/1/07 0
400029208 Multifamily 5/1/01 78 10/1/07 0
400029232 Multifamily 7/1/02 0 66 12/1/07
400029252 Multifamily 7/1/02 0 68 2/1/08
400029257 Multifamily 7/1/02 0 66 12/1/07
400029299 Multifamily 8/1/02 0 66 1/1/08
400029306 Multifamily 9/1/01 81 5/1/08 0
400031048 Multifamily 9/1/01 81 5/1/08 0
400031123 Multifamily 8/1/01 81 5/1/08 0
M0171 Multifamily 11/1/00 90 5/1/08 0
M0172 Multifamily 5/1/01 78 11/1/07 0
M0220 Multifamily 4/1/01 0 78 10/1/07
M0262 Multifamily 11/1/00 83 10/1/07 0
M0263 Multifamily 11/1/00 83 10/1/07 0
M0264 Multifamily 11/1/00 83 10/1/07 0
M0288 Multifamily 11/1/00 83 10/1/07 0
M0289 Multifamily 11/1/00 83 10/1/07 0
M0290 Multifamily 11/1/00 83 10/1/07 0
M0330 Multifamily 8/1/01 78 2/1/08 0
M0364 Multifamily 9/1/01 78 3/1/08 0
M0415 Multifamily 6/1/01 84 6/1/08 0
M0443 Multifamily 9/1/01 78 3/1/08 0
M0462 Multifamily 9/1/01 78 3/1/08 0
M0514 Multifamily 11/1/00 88 3/1/08 0
M0537 Multifamily 9/1/01 78 3/1/08 0
TBD1 Multifamily 1/1/07 0 0
09-0001106 Nursing Home, Skilled 11/1/00 0 92 7/1/08
09-0001063 Office 6/1/01 81 3/1/08 0
09-0001095 Office 7/1/01 81 4/1/08 0
400029155 Office 3/1/01 84 3/1/08 0
400029156 Office 6/1/02 0 66 11/1/07
400029161 Office 6/1/02 0 66 11/1/07
400029162 Office 4/1/01 66 9/1/06 0
400029163 Office 5/1/01 42 10/1/04 0
400029172 Office 6/1/02 0 66 11/1/07
400029173 Office 6/1/02 0 66 11/1/07
400029192 Office 5/1/02 0 66 10/1/07
400029223 Office 7/1/01 0 78 12/1/07
400029236 Office 7/1/02 0 66 12/1/07
400029282 Office 8/1/02 0 66 1/1/08
400029290 Office 8/1/01 0 78 1/1/08
400029304 Office 9/1/02 0 66 2/1/08
400029310 Office 10/1/02 0 66 3/1/08
400029311 Office 9/1/01 0 78 2/1/08
400030922 Office 10/1/02 0 66 3/1/08
400030935 Office 10/1/01 0 78 3/1/08
O0179 Office 7/1/01 42 1/1/05 0
O0244 Office 11/1/00 88 2/28/08 0
400029250 Self-Storage 7/1/02 0 66 12/1/07
400029200 Special Purpose 6/1/02 0 54 11/1/06
400029216 Special Purpose 8/1/02 0 66 1/1/08
09-0001087 Unanchored Retail 8/1/01 81 5/1/08 0
09-0001091 Unanchored Retail 8/1/01 83 7/1/08 0
09-0001168 Unanchored Retail 10/1/01 81 7/1/08 0
400029143 Unanchored Retail 5/1/02 0 30 10/1/04
400029147 Unanchored Retail 4/1/02 0 66 9/1/07
400029174 Unanchored Retail 6/1/02 0 66 11/1/07
400029180 Unanchored Retail 4/1/02 0 66 9/1/07
400029186 Unanchored Retail 6/1/03 0 54 11/1/07
400029196 Unanchored Retail 7/1/02 0 66 12/1/07
400029204 Unanchored Retail 5/1/02 0 66 10/1/07
400029218 Unanchored Retail 7/1/01 0 78 12/1/07
400029219 Unanchored Retail 7/1/01 0 78 12/1/07
400029220 Unanchored Retail 7/1/01 0 78 12/1/07
400029221 Unanchored Retail 7/1/01 0 78 12/1/07
400029222 Unanchored Retail 7/1/01 0 78 12/1/07
400029224 Unanchored Retail 7/1/01 0 78 12/1/07
400029225 Unanchored Retail 7/1/01 0 78 12/1/07
400029226 Unanchored Retail 7/1/01 0 78 12/1/07
400029228 Unanchored Retail 6/1/01 78 11/1/07 0
400029255 Unanchored Retail 7/1/02 0 66 12/1/07
400029258 Unanchored Retail 8/1/02 0 66 1/1/08
400029309 Unanchored Retail 10/1/02 0 66 3/1/08
400030913 Unanchored Retail 10/1/01 0 78 3/1/08
400030925 Unanchored Retail 10/1/02 0 66 3/1/08
</TABLE>
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
STRUCTURAL AND COLLATERAL TERM SHEET
OCTOBER 6, 1998
$1,512,973,000
AMRESCO COMMERCIAL MORTGAGE FUNDING I CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-C2
APPROX. SECURITIES STRUCTURE
APPROX. EXPECTED EXPECTED EXPECTED
EXPECTED FACE/NOTIONAL SUPPORT WEIGHTED PRINCIPAL
RATING AMT ($MM) (% OF UPB) AVERAGE PAYMENT
CLASS LIFE(a) WINDOW(a)
- ---------------------------------------------------------------------------
PUBLICLY OFFERED CLASSES
X AAA $1,879.5(b) 11/98-08/19
A1A AAA (FXD) 150.4 31.00% 4.92 11/98-05/07
A1B AAA (FLT) 150.4 31.00 4.92 11/98-05/07
A2A AAA (FXD) 498.1 31.00 9.52 05/07-07/08
A2B AAA (FLT) 498.1 31.00 9.52 05/07-07/08
B AA 112.8 25.00 9.79 07/08-08/08
C A 103.4 19.50 9.84 08/08-09/08
D BBB 84.6 15.00
E BBB- 37.6 13.00
Privately Placed Classes (c)
- ---------------------------------------------------------------------------
F BB 103.4 7.50
G B 65.8 4.00
H B- 18.8 3.00
J UR 56.4 -
Total Securities: $1,879.5
- ---------------------------------------------------------------------------
(a) Calculated at 0% CPR, no balloon extension and Hyper-Amortization Loans
pay in full on Anticipated Repayment Dates.
(b) Notional amount on interest only class.
(c) Not offered hereby.
KEY FEATURES:
- -------------
Lead Manager: Goldman, Sachs & Co.
Co-Manager: TBD
Mortgage Loan Sellers: GSMC [of which: GSMC Large Loans ($390mm),
Archon ($588mm), CPC ($300 MM),] Amresco
($590mm), Falcon ($1.5mm)
Master Servicer: Amresco Services
Special Servicer: TBD
Trustee: TBD
Fiscal Agent: TBD
Bond Type: Floaters - A1B, A2B; Fixed - all others
Pricing: On or about October 22
Closing: On or about October 29
Settlement: TBD
Cut-Off Date: October 1, 1998
Distribution Date: [ ] of each month, or following business day
(commencing November 1998)
ERISA Eligible: Classes A1A, A1B, A2A, A2B and X are expected to
be ERISA eligible subject to certain conditions
for eligibility
Representations & Warranties: Provided by applicable Mortgage Loan Sellers
Structure: Sequential pay
Day Count: 30/360, Actual/360 for floaters
Tax Treatment: REMIC/Grantor Trust
Rated Final Distribution Date: TBD
Clean up Call: 1.0%
Minimum Denominations: Publicly Offered Classes except Class X:
$10,000 & $1
Class X: $1,000,000 Notional Amount & $1
SWAP for classes A1B and A2B: Through appropriate rated counterparty
- -------------------------------------------------------------------------------
COLLATERAL FACTS
- ----------------
INITIAL POOL BALANCE: $1,883,742,960
NUMBER OF MORTGAGE LOANS: 327
AVERAGE CUT-OFF DATE BALANCE: $5,761,005
WEIGHTED AVERAGE CURRENT MORTGAGE RATE(a): 7.369%
WEIGHTED AVERAGE U/W DSCR (b): 1.52x
WEIGHTED AVERAGE CUT-OFF DATE LTV RATIO: 68.8%
WEIGHTED AVERAGE REMAINING TERM TO MATURITY(c): 128 mos.
WEIGHTED AVERAGE REMAINING AMORTIZATION TERM: 320 mos.
WEIGHTED AVERAGE SEASONING: 3 mos.
TEN LARGEST LOANS AS % OF TOTAL: 33.40%
(a) Gross Coupon.
(b) U/W DSCR is the ratio of Underwritten NCF over the annualized debt service
payments.
(c) Anticipated Repayment Date for loans with Hyper-Amortization. All
information presented herein with respect to Hyper-Amortization Loans
assumes that they mature on their respective Anticipated Repayment Dates.
Ten Largest Loans By Property Name
Property Name Balance (mm)% by UPB Wtd. Avg. DSC Prop Type
- ------------------------------------------------------------------------------
AMERICOLD 147.8 7.84% 1.94x Industrial
INSIGNIA MULTIFAMILY 9.3 5.80 1.53 Multi-Family
EPT 104.8 5.56 2.06 Movie Theater
SKYLINE 87.5 4.64 1.51 Office
ANA HOTEL 51.0 2.71 1.41 Lodging
FIRST PLACE TOWER 32.9 1.75 1.40 Office
FACTORY STORES - HERSHEY 25.6 1.36 1.32 Anchored Retail
WEST COAST BENSON HOTEL 24.5 1.30 1.51 Lodging
KENOSHA FACTORY OUTLET 24.0 1.27 1.44 Anchored Retail
HOLIDAY INN - INDEPENDENCE 21.8 1.16 1.27 Lodging
---- ---- ----
TOTAL\WTD. AVG. 629.2 33.40% 1.52x
- ------------------------------------------------------------------------------
SELECTED LOAN DATA:
- -------------------
Cut-Off Date Balance
(as of Oct 1, 1998)(a)
Number of -----------------------------------
Geographic Mortgaged % by Wtd. Avg.
Distribution Properties (mm) Balance DSCR
- --------------------------------------------------------------------------
CALIFORNIA 41 $ 294.3 15.62 % 1.51x
NEW YORK 30 163.6 8.68 1.59
TEXAS 49 159.8 8.48 1.66
VIRGINIA 22 128.1 6.80 1.39
OHIO 19 98.4 5.22 1.46
WASHINGTON 13 83.9 4.45 1.63
FLORIDA 26 73.4 3.90 1.40
OTHER 226 882.3 46.85 1.51
--- -------- ------- ----
TOTAL\WTD. AVG. 426 $1,883.7 100.00 % 1.52x
- --------------------------------------------------------------------------
Cut-Off Date Balance
(as of Oct 1, 1998)(a)
Number of -----------------------------------
Mortgaged % by Wtd. Avg.
Property Type Properties (mm) Balance DSCR
- --------------------------------------------------------------------------
RETAIL 111 $ 451.5 23.97 1.36x
LODGING 73 316.1 16.78 1.50
OFFICE 52 301.4 16.00 1.41
MULTIFAMILY 72 294.2 15.62 1.39
INDUSTRIAL 56 244.2 12.79 1.72
HEALTHCARE 11 93.7 4.97 2.04
OTHER 45 182.5 9.69 1.84
-- ----- ---- ----
TOTAL\WTD. AVG. 426 $1,883.7 100.00 % 1.52x
- --------------------------------------------------------------------------
(a) Column totals may not add due to rounding.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
STRUCTURAL AND COLLATERAL TERM SHEET
- -------------------------------------------------------------------------------
APPROXIMATE SECURITIES STRUCTURE
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Expected Expected Wgtd Expected
Approx. Size Credit Pass- Average Life Principal
Class Expected Rating ($mm) Support Through Rate Delivery (yrs.)(a) Payment Window(a)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
PUBLICLY OFFERED CLASSES:
X AAA $1,879.5 (b) WAC IO(c) DTC 11/98-08/19
A1A AAA (FXD) 150.4 31.00 % Fixed DTC 4.92 11/98-05/07
A1B AAA (FLT) 150.4 31.00 Float DTC 4.92 11/98-05/07
A2A AAA (FXD) 498.1 31.00 Fixed DTC 9.52 05/07-07/08
A2B AAA (FLT) 498.1 31.00 Float DTC 9.52 05/07-07/08
B AA 112.8 25.00 Fixed DTC 9.79 07/08-08/08
C A 103.4 19.50 Fixed DTC 9.84 08/08-09/08
D BBB 84.6 15.00 Fixed
E BBB- 37.6 13.00 Fixed
PRIVATELY PLACED CLASSES (d):
- ------------------------------------------------------------------------------------------------------------------------------------
F BB 103.4 7.50 Fixed
G B 65.8 4.00 Fixed
H B- 18.8 3.00 Fixed
J UR 56.4 - Fixed
-----
TOTAL SECURITIES: $1,879.5
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Calculated at 0% CPR, no balloon extension and Hyper-Amortization Loans
pay in full on Anticipated Repayment Dates.
(b) Notional amount on interest only class.
(c) The Class X pass-through rate is calculated, in general, as the excess of
(i) the weighted average Net Mortgage Rate, determined without regard to
any modifications of the mortgage loans, in effect from time to time on
the mortgage loans over (ii) the weighted average of the Pass-Through
Rates in effect from time to time on the Class A1A through Class J
Certificates.
(d) Not offered hereby.
STRUCTURAL OVERVIEW
[GRAPHIC OMITTED]
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
STRUCTURAL AND COLLATERAL TERM SHEET
- -------------------------------------------------------------------------------
STRUCTURAL OVERVIEW - CONT.
- -------------------------------------------------------------------------------
O The Mortgage Pool will be comprised of one Loan Group
-- Principal will be allocated sequentially to A1A, A1B, A2A, A2B, B, C,
D, E, F, G, H, and J Certificates (If all classes other than classes
A1A, A1B, A2A and A2B have been reduced to zero, principal will be
allocated to Class A1A, A1B, A2A and A2B pro-rata)
O Class X will be entitled to receive payments of interest only and will not
receive any payments of principal. Class X will be entitled to payments of
interest pro-rata (based on interest entitlements) with the Class A1A,
A1B, A2A, and Class A2B Certificates each month
O Each class (other than Class A1A, A1B, A2A, A2B and X) will be subordinate
to the Class A1A, A1B, A2A, A2B and X and to each class with an earlier
alphabetic designation than such class. Each of the class A1A, A1B, A2A,
A2B and Class X certificates will be of equal priority.
O All classes will pay interest on a 30/360 basis except A1B and A2B which
will pay interest on an actual/360 basis
O Shortfalls resulting from Master Servicer and Special Servicer
modifications, Special Servicer compensation or other extraordinary trust
fund expenses will be allocated in reverse alphabetical order to Classes
other than to the class X among the outstanding certificates
- -------------------------------------------------------------------------------
MORTGAGE POOL OVERVIEW
- -------------------------------------------------------------------------------
O The Mortgage Pool is comprised of 327 multifamily and commercial loans
with an aggregate Cut-Off Date Balance of approximately $1,884,120,606
O All of the Mortgage Loans are secured by first mortgage liens on
multifamily and commercial properties
O The Mortgage Pool's average Cut-Off Date Balance is approximately
$5,761,005
O The Mortgage Pool's weighted average Cut-Off Date Underwritten Debt
Service Coverage Ratio is 1.52x (a)
O The Mortgage Pool's Cut-Off Date LTV is 68.8%
O The Mortgage Pool's Cut-Off weighted average Mortgage Rate is
approximately 7.369% per annum
(a) Debt Service Coverage Ratios the ratio of Underwritten NCF over the
annualized debt service payments.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
STRUCTURAL AND COLLATERAL TERM SHEET
- -------------------------------------------------------------------------------
ALLOCATION OF PREPAYMENT PENALTIES
- -------------------------------------------------------------------------------
Allocation of Prepayment Premiums
Prepayment premiums will be allocated between the Certificates then entitled to
principal distributions and the Class X Certificates as follows:
o A percentage of all prepayment premiums (either fixed prepayment
premiums or yield maintenance amount) will be allocated to each class
of the Certificates then entitled to principal distributions, which
percentage will be equal to the product of (a) the percentage of the
total principal distribution that such Class receives, and (b) a
percentage (which can be no greater than 100%), the numerator of
which is the excess of the Pass-Through Rate of the Class of the
Certificates currently receiving principal over the relevant Discount
Rate, and the denominator of which is the excess of the Mortgage Rate
of the related Mortgage Loan over the Discount Rate.
- -------------------------------------------------------------------------
Prepayment (Pass-Through Rate - Discount Rate )
Premium Allocation = --------------------------------------------
Percentage (Mortgage Rate - Discount Rate)
- -------------------------------------------------------------------------
o The remaining percentage of the prepayment premiums will be allocated
to the Class X Certificates
o In general, this formula provides for an increase in the allocation
of prepayment premiums to the Certificates then entitled to principal
distributions relative to the Class X Certificates as Discount Rates
decrease and a decrease in the allocation to such Classes as Discount
Rates rise
Allocation of Prepayment Premiums Example
Discount Rate Fraction Methodology:
Mortgage Rate = 9%
Bond Class Rate = 7%
Treasury Rate = 6%
BOND CLASS ALLOCATION CLASS X ALLOCATION
- -------------------------------------------------------------------------
7% - 6%
------- = 33 1/3% Receives excess premiums = 66 2/3% thereof
9% - 6%
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
STRUCTURAL AND COLLATERAL TERM SHEET
- -------------------------------------------------------------------------------
PREPAYMENT PROVISIONS
- -------------------------------------------------------------------------------
o Approximately 99% the Initial Pool Balance is locked out from prepayment
as of the Cut-Off Date
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT LOCK-OUT/ PREMIUM ANALYSIS (a)
- -----------------------------------------------------------------------------------------------------------------------------------
Percentage of Mortgage Pool by Prepayment Restriction Assuming No Prepayment (b)
--------------------------------------------------------------------------------------------------------------
Prepayment October October October October October October October October October October October
Restrictions 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Locked Out 99.42% 99.43% 73.31% 24.96% 8.70% 7.99% 7.49% 6.74% 6.26% 0.06% 0.00%
Defeasance 0.00 0.00 24.98 68.26 68.26 68.41 68.97 69.00 69.18 65.58 66.60
Yield Maintenance 0.58% 0.57% 1.71% 6.49% 22.76% 23.32% 22.84% 23.54% 23.73% 18.22% 26.51%
- -----------------------------------------------------------------------------------------------------------------------------------
SUBTOTAL 100.00% 100.00% 100.00% 99.71% 97.72% 97.72% 99.30% 99.28% 99.17% 83.86% 93.11%
% Premium
7.00-99.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
6.00-6.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
5.00-5.99% 0.00% 0.00% 0.00% 0.28% 0.00% 0.00% 0.10% 0.05% 0.00% 0.00% 0.00%
4.00-4.99% 0.00% 0.00% 0.00% 0.00% 0.28% 0.00% 0.00% 0.10% 0.05% 0.00% 0.00%
3.00-3.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.28% 0.00% 0.28% 0.38% 0.05% 0.00%
2.00 - 2.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.28% 0.00% 0.00% 0.37% 3.23%
1.00 - 1.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.28% 0.27% 0.27% 3.65%
0.00 - 0.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Open 0.00% 0.00% 0.00% 0.00% 2.00% 2.00% 0.32% 0.00% 0.13% 15.45% 0.00%
- -----------------------------------------------------------------------------------------------------------------------------------
TOTALS (b) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
UPB ($ mm) $1,879.47 $1,856.28 $1,831.65 $1,804.77 $1,775.83 $1,744.65 $1,693.85 $1642.81 $1,604.40 $1,552.14 $148.12
% of UPB 100.00% 98.77% 97.46% 96.03% 94.49% 92.83% 90.12% 87.41% 85.36% 82.58% 7.88%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Totals may not equal due to rounding.
(b) Table calculated using modeling assumptions and assuming no prepayments of
principal.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
STRUCTURAL AND COLLATERAL TERM SHEET
- -------------------------------------------------------------------------------
DISTRIBUTION OF CUT-OFF DATE BALANCE (a)
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Weighted Weighted
Percentage Average Average
of Aggregate Average Current Debt Weighted Remaining Weighted
Number of Current Current Current Service Average Term to Average
Range of Current Mortgage Principal Principal Principal Coverage Mortgage Maturity Current
Principal Balances Loans Balance Balance Balance Ratio Interest Rate (mos) LTV
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
$ 500,000 - 999,999 13 $ 9,901,166 0.53% $ 761,628 1.60x 7.384% 144.9 71.0%
1,000,000 - 1,999,999 90 138,380,787 7.35 1,537,564 1.48 7.504 153.0 71.2
2,000,000 - 2,999,999 68 168,177,932 8.93 2,473,205 1.44 7.533 140.7 71.7
3,000,000 - 3,999,999 49 170,244,124 9.04 3,474,370 1.41 7.337 141.1 72.5
4,000,000 - 4,999,999 30 135,382,270 7.19 4,512,742 1.41 7.227 125.9 72.1
5,000,000 - 5,999,999 16 87,329,881 4.64 5,458,118 1.40 7.478 132.3 73.1
6,000,000 - 6,999,999 10 65,378,388 3.47 6,537,839 1.43 7.255 128.3 71.2
7,000,000 - 7,999,999 6 46,059,869 2.45 7,676,645 1.56 7.518 116.0 69.6
8,000,000 - 8,999,999 5 42,415,649 2.25 8,483,130 1.40 7.404 116.9 77.2
9,000,000 - 9,999,999 6 57,251,687 3.04 9,541,948 1.51 7.330 138.2 72.0
10,000,000 - 11,999,999 8 84,813,081 4.50 10,601,635 1.50 7.350 121.3 71.2
12,000,000 - 13,999,999 7 89,960,415 4.78 12,851,488 1.41 7.404 126.2 70.4
14,000,000 - 16,999,999 3 43,684,824 2.32 14,561,608 1.39 7.110 117.3 68.0
17,000,000 - 147,797,179 16 744,762,887 39.54 46,547,680 1.65 7.342 118.6 64.2
-- ----------- ----- ---------- ---- ----- ----- ----
TOTAL/WEIGHTED AVERAGE 327 $1,883,742,960 100.00% $ 5,760,682 1.52x 7.369% 127.7 68.8%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Column totals may not add due to rounding.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
STRUCTURAL AND COLLATERAL TERM SHEET
- -------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION BY CUT-OFF DATE BALANCE (a)
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Weighted Weighted
Percentage Average Average
of Aggregate Average Current Debt Weighted Remaining Weighted
Number of Current Current Current Service Average Term to Average
Mortgage Principal Principal Principal Coverage Mortgage Maturity Current
State Properties Balance Balance Balance Ratio Interest Rate (mos) LTV
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
California 41 $294,276,427 15.62% $ 7,177,474 1.51x 7.527% 117.4 68.8%
New York 30 163,555,580 8.68 5,451,853 1.59 7.712 120.9 67.6
Texas 49 159,770,732 8.48 3,260,627 1.66 7.255 136.3 70.2
Virginia 22 128,102,329 6.80 5,822,833 1.39 7.199 124.6 72.6
Ohio 19 98,416,189 5.22 5,179,799 1.46 7.580 118.9 71.6
Washington 13 83,885,174 4.45 6,452,706 1.63 7.188 117.5 64.5
Florida 26 73,394,134 3.90 2,822,851 1.40 7.542 139.3 73.3
Oregon 8 63,016,478 3.35 7,877,060 1.68 7.208 117.3 63.4
Maryland 14 58,737,634 3.12 4,195,545 1.44 7.430 126.7 69.6
District of Columbia 2 56,320,000 2.99 28,160,000 1.40 6.128 120.0 47.3
Michigan 9 52,219,593 2.77 5,802,177 1.42 7.637 159.1 70.7
Massachusetts 13 51,623,922 2.74 3,971,071 1.67 7.045 115.9 64.0
Pennsylvania 5 50,707,486 2.69 10,141,497 1.55 7.229 126.1 71.3
Tennessee 12 44,533,749 2.36 3,711,146 1.45 7.282 143.6 72.6
New Mexico 25 42,741,948 2.27 1,709,678 1.52 7.860 132.4 71.7
Oklahoma 3 39,852,342 2.12 13,284,114 1.38 7.225 116.4 74.7
Puerto Rico 2 38,404,885 2.04 19,202,442 1.62 7.893 114.9 67.1
Georgia 10 37,043,145 1.97 3,704,314 1.58 7.305 156.4 69.8
Louisiana 9 33,993,705 1.80 3,777,078 1.46 7.331 141.9 74.1
Wisconsin 4 32,550,879 1.73 8,137,720 1.57 6.934 119.1 76.6
Connecticut 11 28,867,836 1.53 2,624,349 1.56 7.279 115.3 63.8
Arizona 6 22,147,608 1.18 3,691,268 1.36 7.680 121.9 67.7
Kentucky 9 20,333,663 1.08 2,259,296 1.45 7.517 213.7 72.7
Minnesota 9 20,043,522 1.06 2,227,058 1.46 7.278 115.5 72.6
Illinois 7 19,524,790 1.04 2,789,256 1.46 7.145 140.4 70.5
Colorado 8 19,074,747 1.01 2,384,343 1.50 7.116 111.3 71.8
Idaho 3 16,590,180 0.88 5,530,060 1.83 6.949 115.8 60.3
Arkansas 5 15,932,112 0.85 3,186,422 1.42 7.631 125.2 69.9
Indiana 4 14,662,124 0.78 3,665,531 1.44 8.139 144.6 65.7
Missouri 2 13,498,425 0.72 6,749,213 1.95 6.901 136.1 62.9
Nebraska 7 12,792,516 0.68 1,827,502 1.37 7.644 171.4 67.2
Utah 4 11,622,821 0.62 2,905,705 1.79 7.159 116.2 60.4
South Carolina 4 10,108,734 0.54 2,527,183 1.44 7.371 209.8 73.5
New Hampshire 2 8,085,096 0.43 4,042,548 1.26 6.353 239.6 71.6
Iowa 3 7,393,196 0.39 2,464,399 1.77 7.089 116.3 61.5
Nevada 3 6,930,203 0.37 2,310,068 1.46 7.281 119.4 61.8
Alabama 9 5,955,042 0.32 661,671 1.61 7.745 155.7 63.1
Rhode Island 3 5,767,717 0.31 1,922,572 1.46 7.153 118.1 75.2
Vermont 1 5,167,205 0.27 5,167,205 1.32 7.050 114.0 79.2
Kansas 2 3,983,049 0.21 1,991,524 1.40 7.578 115.7 65.1
Mississippi 3 3,336,309 0.18 1,112,103 1.38 7.215 116.4 74.5
West Virginia 1 2,291,935 0.12 2,291,935 1.35 7.060 115.0 76.7
North Carolina 1 2,097,695 0.11 2,097,695 1.50 7.760 119.0 67.7
New Jersey 1 2,000,000 0.11 2,000,000 1.32 7.150 120.0 64.5
Delaware 1 1,348,801 0.07 1,348,801 1.69 7.710 119.0 73.0
Maine 1 1,041,301 0.06 1,041,301 1.69 10.510 233.0 65.6
--- -------------- ------ ---------- ---- ----- ----- ----
TOTAL/WEIGHTED AVG 426 $1,883,742,960 100.00% $4,421,932 1.52x 7.369% 127.7 68.8%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Column totals may not sum due to rounding. Information in this table is
presented on the mortgaged property level based on allocated loan amounts
and therefore may differ from information presented on the mortgage loan
level.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
STRUCTURAL AND COLLATERAL TERM SHEET
- -------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION BY CUT-OFF DATE BALANCE
- -------------------------------------------------------------------------------
[THE NARRATIVE AND/OR TABULAR INFORMATION BELOW IS A FAIR AND ACCURATE
DESCRIPTION OF GRAPHIC OR IMAGE MATERIAL OMITTED FOR THE
PURPOSE OF EDGAR FILING.]
[MAP OF AMERICA]
WA NE IL PA RI
4.45% 0.68% 1.04% 2.69% 0.31%
OR KS MS WV CT
3.35% 0.21% 0.18% 0.12% 1.53%
CA OK MI VA NJ
15.62% 2.12% 2.77% 6.80% 0.11%
ID TX IN NC DE
0.88% 8.48% 0.78% 0.11% 0.07%
NV MN KY SC MD
0.37% 1.06% 1.08% 0.54% 3.12%
MT IA TN GA DC
0.1% 0.39% 2.36% 1.97% 2.99%
UT MO AL FL PR
0.62% 0.72% 0.32% 3.90% 2.04%
AZ AK OH ME
1.18% 0.85% 5.22% 0.06%
CO LA VT NH
1.01% 1.80% 0.27% 0.43%
NM WI NY MA
2.27% 1.73% 8.68% 2.74%
[THE NARRATIVE AND/OR TABULAR INFORMATION BELOW IS A FAIR AND ACCURATE
DESCRIPTION OF GRAPHIC OR IMAGE MATERIAL OMITTED FOR THE
PURPOSE OF EDGAR FILING.]
[PIE CHART]
California Ohio
15.62% 5.22%
New York Washington
8.68% 4.45%
Texas Florida
8.48% 3.90%
Virginia Other
6.80% 46.85%
Totals may not sum due to rounding.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
STRUCTURAL AND COLLATERAL TERM SHEET
- -------------------------------------------------------------------------------
PROPERTY TYPE DISTRIBUTION BY CUT-OFF DATE BALANCE (a)
- -------------------------------------------------------------------------------
[THE NARRATIVE AND/OR TABULAR INFORMATION BELOW IS A FAIR AND ACCURATE
DESCRIPTION OF GRAPHIC OR IMAGE MATERIAL OMITTED FOR THE
PURPOSE OF EDGAR FILING.]
[PIE CHART]
Healthcare Multifamily
4.97% 15.62%
Other Industrial
9.69% 12.97%
Lodging Retail
16.78% 23.97%
Office
16.00%
<TABLE>
<CAPTION>
Weighted Weighted
Percentage Average Average
of Aggregate Current Cut-off Debt Weighted Remaining Weighted
Number of Current Current Principal Service Average Term to Average
Mortgaged Principal Principal Balance Coverage Mortgage Maturity Current
Property Type Properties Balance Balance Average Ratio Interest Rate (mos) LTV
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Retail 111 $451,478,361 23.97% $7,906,863 1.36x 7.247% 133.6 74.4%
Lodging 73 316,140,511 16.78 4,330,692 1.50 7.366 140.3 66.8
Office 52 301,399,229 16.00 5,796,139 1.41 7.219 115.1 71.9
Multifamily 72 294,246,864 15.62 4,086,762 1.39 7.610 121.4 71.5
Industrial 56 244,244,625 12.97 4,361,511 1.72 7.068 128.9 61.6
Healthcare 11 93,701,160 4.97 28,248,433 2.04 8.374 117.5 60.3
Other 45 182,532,209 9.69 35,968,520 1.84 7.155 126.2 62.3
-- ----------- ---- ---------- ---- ----- ----- ----
TOTAL/WEIGHTED AVERAGE 426 $1,883,742,960 100.00% $ 4,421,932 1.52x 7.369% 127.7 68.8%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Column totals may not sum due to rounding.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
- -------------------------------------------------------------------------------
DEBT SERVICE COVERAGE RATIO (a)
- -------------------------------------------------------------------------------
o Weighted Average Current Debt Service Coverage Ratio: 1.52x
o 95.56% of the Portfolio has Debt Service Coverage Ratio greater than or
equal to 1.20x
<TABLE>
<CAPTION>
Weighted Weighted
Percentage Average Average
Approximate of Aggregate Average Current Debt Weighted Remaining Weighted
Range of Current Number of Current Current Current Service Average Term to Average
Debt Service Mortgage Principal Principal Principal Coverage Mortgage Maturity Current
Coverage Ratios Loans Balance Balance Balance Ratio Interest Rate (mos) LTV
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1.00-1.09 4 $ 6,938,468 0.37% $1,734,617 1.02x 6.924% 217.2 92.2%
1.10-1.19 12 77,107,420 4.09 6,425,618 1.16 7.659 128.4 78.4
1.20-1.29 51 218,850,514 11.62 4,291,187 1.26 7.506 136.1 74.2
1.30-1.39 88 551,073,911 29.25 6,262,204 1.35 7.530 127.7 70.8
1.40-1.49 62 336,510,213 17.86 5,427,584 1.43 7.076 123.4 68.3
1.50-1.59 44 214,271,647 11.37 4,869,810 1.54 7.339 126.0 71.0
1.60-1.69 32 79,658,845 4.23 2,489,339 1.65 7.385 138.6 70.5
1.70-1.79 11 27,034,031 1.44 2,457,639 1.73 7.739 172.3 66.7
1.80-1.89 8 38,822,477 2.06 4,852,810 1.82 7.898 127.7 61.4
1.90-2.99 5 170,931,455 9.07 34,186,291 1.94 6.935 118.4 57.5
2.00-2.09 1 104,845,860 5.57 104,845,860 2.06 6.772 118.0 61.8
2.10-2.19 1 7,996,123 0.42 7,996,123 2.19 7.220 113.0 49.4
2.20-2.29 3 20,326,921 1.08 6,775,640 2.27 8.616 118.0 56.3
2.30-2.39 2 3,641,230 0.19 1,820,615 2.32 9.384 232.0 54.3
2.40-2.49 1 1,395,829 0.07 1,395,829 2.41 7.130 180.0 45.9
2.50-2.85 2 24,338,014 1.29 12,169,007 2.81 9.062 119.1 60.2
--- ---------- ---- ---------- ---- ----- ----- ----
TOTAL/WEIGHTED AVG. 327 $1,883,742,960 100.00% $5,760,682 1.52x 7.369% 127.7 68.8%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Column totals may not add due to rounding.
- -------------------------------------------------------------------------------
CUT-OFF DATE LOAN TO VALUE RATIO (a)
- -------------------------------------------------------------------------------
o Weighted Average Cut-off Date Loan to Value Ratio: 68.75%(b)
<TABLE>
<CAPTION>
Weighted Weighted
Percentage Average Average
of Aggregate Average Current Debt Weighted Remaining Weighted
Number of Current Current Current Service Average Term to Average
Range of Mortgage Mortgage Principal Principal Principal Coverage Mortgage Maturity Current
Rates Loans Balance Balance Balance Ratio Interest Rate (mos) LTV
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
6.040%-6.999% 39 $ 484,571,446 25.72% $12,424,909 1.74x 6.746% 121.8 62.7%
7.000%-7.499% 183 884,462,386 46.95 4,833,128 1.40 7.250 125.0 72.6
7.500%-7.999% 77 236,928,505 12.58 3,076,994 1.50 7.678 157.6 70.0
8.000%-8.499% 17 115,584,437 6.14 6,799,085 1.40 8.219 114.8 71.6
8.500%-8.999% 4 116,643,535 6.19 29,160,884 1.39 8.512 115.1 62.5
9.000%-9.499% 3 37,100,412 1.97 12,366,804 2.45 9.461 136.1 58.9
9.500%-10.738% 4 8,452,239 0.45 2,113,060 1.73 10.266 230.4 62.5
--- --------- ---- --------- ---- ------ ----- ----
TOTAL/WEIGHTED AVG. 327 $1,883,742,960 100.00% $ 5,760,682 1.52x 7.369% 127.7 68.8%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Column totals may not add due to rounding.
(b) Ratio of Cut-Off Date Balance over appraised value at origination.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
- -------------------------------------------------------------------------------
REMAINING AMORTIZATION TERM (IN MONTHS) (a)
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Weighted Weighted
Percentage Average Average
of Aggregate Average Current Debt Weighted Remaining Weighted
Range of Number of Current Current Current Service Average Term to Average
Amortization Terms Mortgage Principal Principal Principal Coverage Mortgage Maturity Current
(months) Loans Balance Balance Balance Ratio Interest Rate (mos) LTV
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Interest Only 2 $ 22,989,165 1.22% $ 11,494,582 1.72x 7.018% 113 51.3%
111 - 130 1 5,320,000 0.28 5,320,000 1.29 6.970 120 71.9
131 - 150 1 1,185,648 0.06 1,185,648 1.68 8.170 141 59.3
171 - 190 6 13,653,454 0.72 2,275,576 1.37 7.143 157 67.4
211 - 230 6 11,604,812 0.62 1,934,135 1.40 8.088 223 78.5
231 - 250 55 153,760,184 8.16 2,795,640 1.46 7.626 222 68.5
251 - 270 2 11,322,837 0.60 5,661,418 1.32 7.327 249 78.1
271 - 290 5 18,989,486 1.01 3,797,897 1.36 8.210 121 76.6
291 - 310 95 594,553,368 31.56 6,258,457 1.64 7.327 118 64.1
311 - 330 3 116,292,228 6.17 38,764,076 1.39 8.424 112 62.6
331 - 360 151 934,071,778 49.59 6,185,906 1.48 7.210 118 72.6
--- ----------- ----- --------- ---- ----- --- ----
TOTAL/WEIGHTED AVG 327 $1,883,742,960 100.00% $ 5,760,682 1.52x 7.369% 128 68.8%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Column totals may not add due to rounding.
- -------------------------------------------------------------------------------
CURRENT MORTGAGE RATES (a)
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Weighted Weighted
Percentage Average Average
of Aggregate Average Current Debt Weighted Remaining Weighted
Number of Current Current Current Service Average Term to Average
Range of Mortgage Mortgage Principal Principal Principal Coverage Mortgage Maturity Current
Rates Loans Balance Balance Balance Ratio Interest Rate (mos) LTV
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
6.040% - 6.999% 39 $ 484,571,446 25.72% $12,424,909 1.74x 6.746% 121.8 62.7%
7.000%- 7.499% 183 884,462,386 46.95 4,833,128 1.40 7.250 125.0 72.6
7.500% - 7.999% 77 236,928,505 12.58 3,076,994 1.50 7.678 157.6 70.0
8.000% - 8.499% 17 115,584,437 6.14 6,799,085 1.40 8.219 114.8 71.6
8.500% - 8.999% 4 116,643,535 6.19 29,160,884 1.39 8.512 115.1 62.5
9.000% - 9.499% 3 37,100,412 1.97 12,366,804 2.45 9.461 136.1 58.9
9.500% - 10.738% 4 8,452,239 0.45 2,113,060 1.73 10.266 230.4 62.5
--- -------------- ------ ----------- ---- ------ ----- ----
TOTAL/WEIGHTED AVG 327 $1,883,742,960 100.00% $ 5,760,682 1.52x 7.369% 127.7 68.8%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Column totals may not add due to rounding.
Note: There is at least one loan that is a floater.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
- -------------------------------------------------------------------------------
AMORTIZATION TYPES (a)
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Weighted Weighted
Percentage Average Average
of Aggregate Average Current Debt Weighted Remaining Weighted
Number of Current Current Current Service Average Term to Average
Mortgaged Principal Principal Principal Coverage Mortgage Maturity Current
Amortization Type Loans Balance Balance Balance Ratio Interest Rate (mos) LTV
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Balloon 247 $1,154,870,748 61.31% $ 4,675,590 1.45x 7.514% 117.6 71.4%
Fully Amortizing 60 167,556,716 8.89 2,792,612 1.44 7.615 232.9 70.0
Hyperamortizing 20 561,315,495 29.80 28,065,775 1.70 6.998 117.3 63.0
--- -------------- ------ ----------- ---- ----- ----- ----
TOTAL/WEIGHTED AVG 327 $1,883,742,960 100.00% $ 5,760,682 1.52x 7.369% 127.7 68.8%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Column totals may not add due to rounding.
- -------------------------------------------------------------------------------
REMAINING TERM TO MATURITY (IN MONTHS) (a) (b)
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Weighted Weighted
Percentage Average Average
of Aggregate Average Current Debt Weighted Remaining Weighted
Range of Original Number of Current Current Current Service Average Term to Average
Term to Maturity Mortgage Principal Principal Principal Coverage Mortgage Maturity Current
(months) Loans Balance Balance Balance Ratio Interest Rate (mos) LTV
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
84 4 $ 35,241,470 1.87 $8,810,367 1.22x 7.831% 75.1 78.0%
85 - 121 253 1,637,753,792 86.94 6,473,335 1.54 7.331 116.9 68.2
133 - 240 67 195,272,600 10.37 2,914,516 1.41 7.620 218.4 70.8
241 - 251 3 15,475,099 0.82 5,158,366 1.34 7.220 249.2 77.0
--- -------------- ------ ---------- ---- ----- ----- ----
TOTAL/WEIGHTED AVG 327 $1,883,742,960 100.00% $5,760,682 1.52x 7.369% 127.7 68.8%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Column totals may not add due to rounding.
(b) "Maturity" means the stated maturity date or, with respect to any
Hyper-Amortization Loan, its Anticipated Repayment Date.
- -------------------------------------------------------------------------------
YEAR OF ORIGINATION (a)
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Weighted Weighted
Percentage Average Average
of Aggregate Average Current Debt Weighted Remaining Weighted
Number of Current Current Current Service Average Term to Average
Origination Mortgage Principal Principal Principal Coverage Mortgage Maturity Current
Year Loans Balance Balance Balance Ratio Interest Rate (mos) LTV
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1997 18 $ 219,500,835 11.65% $12,194,491 1.35x 8.270% 140.8 66.3%
1998 309 1,664,242,125 88.35 5,385,897 1.55 7.250 126.0 69.1
--- -------------- ------ ----------- ---- ----- ----- ----
TOTAL/WEIGHTED AVG. 327 $1,883,742,960 100.00% $ 5,760,682 1.52x 7.369% 127.7 68.8%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Column totals may not add due to rounding.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
- -------------------------------------------------------------------------------
COLLATERAL TERM SHEET
AMERICOLD POOL LOAN
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Loan Information
- -------------------------------------------------------------------------------
Principal Balance (1): ORIGINAL CUT-OFF DATE (2)
$ 148,500,000 $ 147,797,179
Origination Date: April 22, 1998
Interest Rate: 6.894% (Act/360)
Amortization: 25 years
Hyperamortization: After the ARD, interest rate increases to 8.894%
and all excess cash flow is used to reduce
outstanding principal balance; the additional 2%
interest is accrued until principal balance is zero
Anticipated Repayment
Date ("ARD"):
May 11, 2008
Maturity Date: May 11, 2023
The Borrower/Sponsor: Americold Real Estate, L.P., a limited-purpose
entity affiliated with Vornado Realty L.P. and
Crescent Real Estate Equities Company
Call Protection: Two-year prepayment lockout from the date of
securitization with U.S. Treasury defeasance
thereafter until one payment date prior to the ARD
Cut-Off Date
Loan/SF (3): $50
Up-Front Reserves (3): Deferred Maintenance: $1,948,178
Ongoing Reserves (3): CapEx: $6,534,838/year
Low Debt Service: cash flow in excess of debt
service is escrowed if the DSCR falls below 1.25x.
Collection Account: Hard Lockbox
Cross-Collateralization/
Default:
Yes
Partner Loans: None
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Property Information
- -------------------------------------------------------------------------------
Single Asset/Portfolio: Portfolio of 29 assets
Property Type: Refrigerated Distribution / Warehouse
Property Location by Allocated
Loan Amount:
[THE NARRATIVE AND/OR TABULAR INFORMATION BELOW IS A FAIR AND ACCURATE
DESCRIPTION OF GRAPHIC OR IMAGE MATERIAL OMITTED FOR THE
PURPOSE OF EDGAR FILING.]
Oregon Utah
19.13% 5.34%
Washington Illinois
17.23% 4.73%
Pennslyvania Iowa
11.06% 3.68%
Idaho Georgia
10.66% 2.06%
Wisconsin Colorado
9.18% 1.19%
Massachusetts Florida
8.55% 0.55%
California
6.65%
YEARS BUILT: 1946-1996
THE COLLATERAL: 29 cold storage warehouses
SF: 5,897,736
Cubic Feet: 155,507,330
Property Management: Americold Corporation
(dba Americold Logistics)
1997 Net Operating Income (3): $56,460,577
Underwritten Net Cash Flow (3): $48,889,852
Appraised Value: $520,600,000
Appraised By: Landauer Associates
Appraisal Date: March 1, 1998
Cut-Off Date LTV (3): 56.8%
DSCR (4): 1.94x
- -------------------------------------------------------------------------------
(1) A single note, representing 50% of the $297,000,000 loan (Note B), is
being contributed to the trust, the other 50% note (Note A) was
securitized in GS Mortgage Securities Corporation II's Commercial
Mortgage Pass-Through Certificates, Series 1998-GL II. Notes A & B are
pari-passu.
(2) October 1, 1998 (after giving effect to the payment due
October 11, 1998).
(3) Assuming a $295,594,358 Cut-Off Date Loan Amount (combined Notes A & B).
(4) Based on Underwritten Net Cash Flow and the actual loan constant.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
- -------------------------------------------------------------------------------
COLLATERAL TERM SHEET
AMERICOLD POOL LOAN
- -------------------------------------------------------------------------------
PROPERTY DESCRIPTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
YEAR BUILT /
PROPERTY LOCATION PROPERTY TYPE RENOVATED SQUARE FOOTAGE CUBIC FOOTAGE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1. Ash Street Denver, CO Regional Distribution 1976/1980 114,222 2,750,000
2. Bettendorf Bettendorf, IA Regional Distribution 1973/1977 336,000 8,848,000
3. Boston Boston, MA Regional Distribution 1969 188,007 3,067,994
4. Burley Burley, ID Captive Production 1959/1996 277,626 10,722,101
5. Burlington Burlington, WA Captive Production 1965/1968 194,000 4,655,000
6. Clearfield Clearfield, UT National Distribution 1973/1978 358,400 8,601,600
7. Connell Connell, WA Captive Production 1969/1971 235,200 5,644,800
8. Main Street Gloucester, MA Regional Production 1961/1973 63,952 1,862,768
9. Fogelsville Fogelsville, PA National Distribution 1976/1997 683,914 21,623,336
10. Ft. Dodge Fort Dodge, IA Regional Distribution 1979/1980 155,811 3,739,464
11. Hermiston Hermiston, OR Captive Production 1975 168,000 4,032,000
12. Jesse St. Los Angeles, CA National Distribution 1954/1980 141,600 2,682,400
13. Lois Avenue Tampa, FL Regional Distribution 1953 21,820 400,000
14. Milwaukie Milwaukie, OR Regional Distribution 1958/1986 163,026 4,688,624
15. Moses Lake Moses Lake, WA Captive Production 1967/1979 302,400 7,257,600
16. Nampa Nampa, ID Regional Production 1946/1974 364,000 7,981,000
17. Plant City Plant City, FL Regional Production 1956 33,600 750,000
18. Plover Plover, WI Captive Production 1978/1981 384,400 9,363,200
19. Rail Road Ave. Gloucester, MA Regional Production 1964 11,923 270,480
20. Rochelle Rochelle, IL National Distribution 1995 179,712 6,020,352
21. Rogers St. Gloucester, MA Regional Production 1967 96,606 2,823,256
22. Rowe Square Gloucester, MA Regional Production 1955/1969 74,713 2,387,465
23. Salem Salem, OR Regional Production 1963/1981 498,400 12,487,600
24. Southgate Atlanta, GA National Distribution 1996 100,714 3,726,418
25. Turlock 2 Turlock, CA Regional Production 1985 106,400 3,024,000
26. Walla Walla Walla Walla, WA Regional Production 1960/1968 140,000 3,136,000
27. Wallula Wallula, WA Captive Production 1981 40,000 1,200,000
28. Watsonville Watsonville, CA Captive Production 1985 185,980 5,448,500
29. Woodburn Woodburn, OR Regional Production 1952/1979 277,440 6,313,372
------- -----------
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL 5,897,736 155,507,330
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
- -------------------------------------------------------------------------------
COLLATERAL TERM SHEET
AMERICOLD POOL LOAN
- -------------------------------------------------------------------------------
PROPERTY DESCRIPTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
CUT-OFF DATE ALLOCATED WTD. AVG. UNDERWRITTEN
PROPERTY LOAN AMOUNT APPRAISED VALUE CUT-OFF DATE LTV (1) NET CASH FLOW DSCR
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1. Ash Street $1,760,166 $ 6,200,000 56.8% $ 462,849 1.55x
2. Bettendorf 4,088,128 14,400,000 56.8 1,088,267 1.57
3. Boston 2,100,844 7,400,000 56.8 606,267 1.70
4. Burley 9,964,811 35,100,000 56.8 4,653,746 2.75
5. Burlington 4,485,585 15,800,000 56.8 1,783,553 2.34
6. Clearfield 7,892,358 27,800,000 56.8 3,016,924 2.25
7. Connell 6,501,259 22,900,000 56.8 2,368,940 2.14
8. Main Street 2,356,352 8,300,000 56.8 714,605 1.78
9. Fogelsville 16,352,512 57,600,000 56.8 2,139,954 0.77
10. Ft. Dodge 1,348,514 4,750,000 56.8 346,861 1.51
11. Hermiston 6,671,598 23,500,000 56.8 2,739,870 2.41
12. Jesse St. 2,072,454 7,300,000 56.8 685,951 1.95
13. Lois Avenue 127,754 450,000 56.8 67,936 3.13
14. Milwaukie 5,365,668 18,900,000 56.8 2,131,188 2.34
15. Moses Lake 9,709,303 34,200,000 56.8 3,561,526 2.16
16. Nampa 5,791,515 20,400,000 56.8 680,270 0.69
17. Plant City 681,355 2,400,000 56.8 186,202 1.61
18. Plover 13,570,313 47,800,000 56.8 5,024,753 2.18
19. Rail Road Ave. 652,965 2,300,000 56.8 164,781 1.48
20. Rochelle 6,983,885 24,600,000 56.8 2,872,681 2.42
21. Rogers St. 3,463,553 12,200,000 56.8 1,064,918 1.81
22. Rowe Square 4,059,738 14,300,000 56.8 1,321,472 1.91
23. Salem 9,255,067 32,600,000 56.8 3,364,696 2.14
24. Southgate 3,037,706 10,700,000 56.8 352,282 0.68
25. Turlock 2 2,583,470 9,100,000 56.8 942,005 2.14
26. Walla Walla 2,838,978 10,000,000 56.8 973,992 2.02
27. Wallula 1,930,505 6,800,000 56.8 833,766 2.53
28. Watsonville 5,166,940 18,200,000 56.8 2,001,777 2.28
29. Woodburn 6,983,885 24,600,000 56.8 2,737,821 2.30
--------- ---------- ---- --------- ----
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED
AVERAGE $147,797,179 $520,600,000 (2) 56.8% $48,889,852 1.94x
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) Assuming a $295,594,358 Cut-Off Date Loan Amount (combined Notes A & B).
(2) March 1, 1998 appraisal date.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
- -------------------------------------------------------------------------------
COLLATERAL TERM SHEET
INSIGNIA MULTIFAMILY POOL LOAN
- -------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
LOAN INFORMATION
- -------------------------------------------------------------------------------
PRINCIPAL BALANCE: ORIGINAL CUT-OFF DATE (1)
$110,000,000 $109,149,600
ORIGINATION DATE: December 29, 1997 (Amendment Date)
INTEREST RATE: 8.50% (Act / 360)
TERM / AMORTIZATION: 120 Months / 319 months
HYPERAMORTIZATION: None
ANTICIPATED REPAYMENT
DATE ("ARD"): NA
MATURITY DATE: January 1, 2008
THE BORROWER / VMS National Properties, an Illinois general
SPONSOR (2): partnership formed for the purpose of owning,
operating, maintaining and managing the Properties.
The Borrower is ultimately owned by Insignia
Financial Group
CALL PROTECTION: Nine-year prepayment lockout from the date of
origination; freely prepayable thereafter
CUT-OFF DATE LOAN / UNIT: $36,887 / unit
RESERVES: Upfront Cap Ex Reserve: $2,046,765
Ongoing Cap Ex Reserve: Monthly, in an amount
equivalent to 1/12th of $300 / unit
COLLECTION ACCOUNT: Modified Lockbox
CROSS-COLLATERALIZATION/
CROSS-DEFAULT: Yes / No
MEZZANINE DEBT: $30,403,848 (as of the Cut-Off Date) second
mortgage financing, payable from free cash flow only
PHANTOM DEBT: $42,224,512 (as of the Cut-Off Date) arising from
debt forgiven pursuant to a previously approved
bankruptcy reorganization plan. Assuming the
Senior Debt and the Mezzanine Debt are repaid as
agreed at maturity, Phantom Debt will be
extinguished. Phantom Debt becomes due and payable
after an event of default
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Property Information
- -------------------------------------------------------------------------------
SINGLE ASSET / PORTFOLIO: Portfolio of 15 assets
PROPERTY TYPE: Multi-Family
PROPERTY LOCATION BY
ALLOCATED LOAN AMOUNT:
[THE NARRATIVE AND/OR TABULAR INFORMATION BELOW IS A FAIR AND ACCURATE
DESCRIPTION OF GRAPHIC OR IMAGE MATERIAL OMITTED FOR THE
PURPOSE OF EDGAR FILING.]
[PIE CHART]
Southeast
4.7%
East
11.2%
West
71.3%
Midwest
12.8%
YEARS BUILT: 1968 - 1978
THE COLLATERAL: 15 multifamily properties located in California,
Arizona, Oregon, Texas, Indiana, Arkansas,
Louisiana, Nebraska and Maryland
Units: 2,959
NET LEASE LESSEE: Insignia Residential Group, L.P.
UNDERWRITTEN NET CASH FLOW: $14,695,605
APPRAISED VALUE: $178,350,000
APPRAISED BY: Dannis Crosson, Inc.
APPRAISAL DATE: September, 1998
SENIOR
CUT-OFF DATE LTV (3): 61.2%
COMBINED
CUT-OFF DATE LTV (3): 78.3%
SENIOR DSCR (4)(5): 1.39x
- -------------------------------------------------------------------------------
(1) October 1, 1998 (after giving effect to the payment due October 1, 1998).
(2) While VMS National Properties is currently ultimately owned by Insignia
Financial Group (NYSE: IFS), Insignia has recently announced its
intention to merge with Apartment Investment & Management Co. (AIMCO,
NYSE: AIV), which would create the largest manager of apartment
communities in the US
(3) Calculated using Senior Principal Balance as of the Cut-Off Date and
Appraised Value
(4) Calculated using Senior Principal Balance and Mezzanine Principal Balance
as of the Cut-Off Date and Appraised Value
(5) Calculated using Underwritten Net Cash Flow and the actual senior loan
constant.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
- -------------------------------------------------------------------------------
COLLATERAL TERM SHEET
INSIGNIA MULTI-FAMILY POOL LOAN
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PROPERTY DESCRIPTION
- ------------------------------------------------------------------------------------------------------------------------------------
CUT-OFF DATE
YEAR BUILT/ ALLOCATED APPRAISED CUT-OFF DATE UNDERWRITTEN
PROPERTY LOCATION RENOVATED LOAN AMOUNT VALUE LTV NET CASH FLOW DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Scotchollow Apts. San Mateo, CA 1971 $29,312,804 $55,500,000 52.8% $4,353,732 1.54x
Pathfinder Apts. Fremont, CA 1971 13,543,952 26,000,000 52.1 1,761,592 1.35
Towers of Westchester College Park, MD 1968 12,191,075 17,000,000 71.7 1,575,196 1.34
Mountain View Apts. San Dimas, CA 1978 7,200,564 10,650,000 67.6 968,936 1.39
North Park Apts. Evansville, IN 1970/74 6,290,057 8,400,000 74.9 816,008 1.34
Forest Ridge Apts. Flagstaff, AZ 1968/75 5,935,726 8,600,000 69.0 757,292 1.32
Crosswood Park Apts. Citrus Heights, CA 1977 5,601,533 10,000,000 56.0 864,990 1.60
Buena Vista Apts. Pasadena, CA 1973 4,983,690 8,500,000 58.6 696,815 1.45
Terrace Garden Townhomes Omaha, NE 1971 4,466,847 6,250,000 71.5 598,065 1.39
Casa De Monterey Norwalk, CA 1970 4,126,447 5,700,000 72.4 440,107 1.10
The Bluffs Apts. Milwaukie, OR 1969 3,746,170 5,925,000 63.3 523,941 1.45
Vista Village Apts. El Paso, TX 1971 3,341,728 3,650,000 91.6 236,604 0.73
Chapelle La Grande Merrillville, IN 1973 3,228,160 4,300,000 75.1 380,549 1.22
Watergate Apts. Little Rock, AR 1973 2,915,638 4,500,000 64.8 368,468 1.31
Shadow-Wood Apts. Monroe, LA 1974 2,265,209 3,350,000 67.6 353,310 1.61
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL/ WTD. AVG. 1968-1978 $109,149,600 $178,350,000(1) 61.2% $14,695,605 1.39X
- ------------------------------------------------------------------------------------------------------------------------------------
(1) September 1998, Appraisal Date
</TABLE>
<TABLE>
<CAPTION>
PROPERTY DESCRIPTION
- -------------------------------------------------------------------------------------------------------------------------------
8/31/1998 NUMBER AVG. RENTAL % ONE % TWO % THREE
PROPERTY OCCUPANCY OF UNITS RATE/UNIT BEDROOM BEDROOM BEDROOM % OTHER
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Scotchollow Apts. 97.0% 418 $1,336 74.6% 16.8% - 8.6%
Pathfinder Apts. 97.0 246 1,221 - 57.7 42.3% -
Towers of Westchester Apts. 98.0 301 981 59.8 40.2 - -
Mountain View Apts. 99.4 168 913 - 73.8 26.2 -
North Park Apts. 98.9 284 525 47.9 52.1 - -
Forest Ridge Apts. 91.0 278 636 60.4 34.5 5.1 -
Crosswood Park Apts. 95.0 180 792 36.7 51.7 11.7 -
Buena Vista Apts. 98.9 92 1,090 55.4 44.6 - -
Terrace Garden Townhomes 95.0 126 773 - 50.0 50.0 -
Casa De Monterey Apts. 95.8 144 681 77.8 22.2 - -
The Bluffs Apts. 97.1 137 586 63.4 36.6 - -
Vista Village Apts. 96.0 220 549 38.6 61.4 - -
Chapelle La Grande Apts. 92.0 105 721 53.3 46.7 - -
Watergate Apts. 88.0 140 610 20.0 50.0 30.0 -
Shadow-Wood Apts. 97.0 120 543 53.4 20.0 23.3 3.3
- -------------------------------------------------------------------------------------------------------------------------------
TOTAL / WTD. AVG. 96.0% 2,959 $ 797 44.4% 41.8% 10.9% 2.9%
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
- -------------------------------------------------------------------------------
COLLATERAL TERM SHEET
INSIGNIA MULTI-FAMILY POOL LOAN
- -------------------------------------------------------------------------------
LOCATION MAP
[THE NARRATIVE AND/OR TABULAR INFORMATION BELOW IS A FAIR AND ACCURATE
DESCRIPTION OF GRAPHIC OR IMAGE MATERIAL OMITTED FOR THE
PURPOSE OF EDGAR FILING.]
[MAP OF AMERICA]
OR AR
1 1
CA LA
6 1
AZ IN
1 2
TX MD
1 1
NE
1
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
- -------------------------------------------------------------------------------
COLLATERAL TERM SHEET
ENTERTAINMENT PROPERTIES TRUST POOL LOAN
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
LOAN INFORMATION
- -------------------------------------------------------------------------------
PRINCIPAL BALANCE: ORIGINAL CUT-OFF DATE (1)
$105,000,000 $104,845,860
ORIGINATION DATE: June 29, 1998
INTEREST RATE: 6.772% (Act/360)
AMORTIZATION: 30 years
HYPERAMORTIZATION: After the ARD, the interest rate increases to the
greater of: (i) 8.772%, and (ii) the 10 Yr UST as
of the ARD plus 2.0%. After the ARD, all excess
cash flow is used to reduce outstanding principal
balance; the additional 2% interest is accrued
until principal balance is zero
ANTICIPATED REPAYMENT
DATE ("ARD"): July 11, 2008
MATURITY DATE: June 11, 2028
THE BORROWER/SPONSOR: EPT DownREIT II, a bankruptcy remote,
special-purpose Missouri corporation wholly-owned
by Entertainment Properties Trust (NYSE: EPR)
CALL PROTECTION: Two-year prepayment lockout from the date of
securitization with U.S. Treasury defeasance
thereafter until the ARD
CUT-OFF DATE LOAN/NRSF: $126
RESERVES: Cap Ex Reserve: Monthly, in an amount equivalent
to 1/12th of the product of $0.10/SF and 834,720
USF
Low Debt Service Reserve: Cash flow in excess of
debt service is escrowed if annual net operating
income falls below 85% of NOI at Closing
Master Lease Rollover Reserve: Upon assignment by
Borrower of two (2) or more master leases
(subject to Lender approval and rating agency
affirmation), Borrower shall deposit an amount
equal to the product of $5.00/USF and the usable
square footage of each property subject to an
assigned master lease
COLLECTION ACCOUNT: Hard lockbox
CROSS-COLLATERALIZATION/
CROSS-DEFAULT: Yes
PARTNER LOANS: None
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Property Information
- -------------------------------------------------------------------------------
SINGLE ASSET/PORTFOLIO: Portfolio of eight assets
PROPERTY TYPE: Megaplex Movie Theatre Complexes
PROPERTY LOCATION BY
ALLOCATED LOAN AMOUNT:
[THE NARRATIVE AND/OR TABULAR INFORMATION BELOW IS A FAIR AND ACCURATE
DESCRIPTION OF GRAPHIC OR IMAGE MATERIAL OMITTED FOR THE
PURPOSE OF EDGAR FILING.]
[PIE CHART]
Ohio
7.7%
California
44.0%
Texas
37.4%
Missouri
10.9%
YEARS BUILT: 1995 - 1997
THE COLLATERAL: Eight net-leased megaplex movie theatre complexes
located in California, Texas, Missouri and Ohio
Screens: 184
Seats: 35,445
NRSF: 834,720
NET LEASE LESSEE: American Multi-Cinema, Inc., an affiliate of AMC
Entertainment Inc. (NYSE: AEN)
UNDERWRITTEN NET
OPERATING INCOME: $17,083,500
UNDERWRITTEN
NET CASH FLOW: $17,000,028
APPRAISED VALUE: $169,900,000
APPRAISED BY: Cushman & Wakefield
APPRAISAL DATE: May & June 1998
CUT-OFF DATE LTV: 61.7%
UWNCF DSCR (5): 2.06x
- -------------------------------------------------------------------------------
(1) October 1, 1998 (after giving effect to the payment due October 11, 1998).
(2) Calculated using Underwritten Net Cash Flow and the actual loan constant.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
- -------------------------------------------------------------------------------
COLLATERAL TERM SHEET
ENTERTAINMENT PROPERTIES TRUST POOL LOAN
- -------------------------------------------------------------------------------
PROPERTY DESCRIPTION
<TABLE>
<CAPTION>
CUT-OFF DATE WTD. AVG. UNDERWRITTEN
NUMBER OF NUMBER OF ALLOCATED LOAN APPRAISED CUT-OFF NET CASH
THEATRE COMPLEX LOCATION BUILT SCREENS SEATS AMOUNT VALUE DATE LTV FLOW DSCR
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMC Promenade 16 Los Angeles, CA 1996 16 2,860 $19,164,043 $31,000,000 61.8% $2,979,518 1.97x
AMC Ontario Mills 30 Los Angeles, CA 1996 30 5,496 17,000,361 27,500,000 61.8 2,643,347 1.97
AMC Studio 30 Houston, TX 1997 30 6,032 16,073,068 26,000,000 61.8 2,758,385 2.18
AMC Grand 24 Dallas, TX 1995 24 5,067 12,425,718 20,100,000 61.8 1,943,183 1.99
AMC West Olive 16 St. Louis, MO 1997 16 2,817 11,498,425 18,600,000 61.8 1,862,958 2.06
AMC Huebner Oaks 24 San Antonio, TX 1997 24 4,400 10,756,592 17,400,000 61.8 1,764,900 2.08
AMC Mission Valley 20 San Diego, CA 1995 20 4,361 9,891,118 16,300,000 60.7 1,703,065 2.19
AMC Lennox 24 Columbus, OH 1996 24 4,412 8,036,534 13,000,000 61.8 1,344,674 2.12
- ------------- -- ----- --------- ---------- ---- --------- ----
TOTAL/WEIGHTED AVERAGE 184 35,445 $104,845,860 $169,900,000(a) 61.7% $17,000,028 2.06x
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
CUT-OFF DATE WTD. AVG. UNDERWRITTEN
NUMBER OF NUMBER OF ALLOCATED LOAN APPRAISED CUT-OFF NET CASH
STATE BUILT SCREENS SEATS AMOUNT VALUE DATE LTV FLOW DSCR
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
California 1995-1996 66 12,717 $46,055,522 $74,800,000 61.6% $7,325,929 2.02x
Texas 1995-1997 78 15,499 39,255,378 63,500,000 61.8 6,466,466 2.09
Missouri 1997 16 2,817 11,498,425 18,600,000 61.8 1,862,958 2.06
Ohio 1996 24 4,412 8,036,534 13,000,000 61.8 1,344,674 2.12
- ---- -- ----- --------- ---------- ---- --------- ----
TOTAL/WEIGHTED AVERAGE 184 35,445 $104,845,860 $169,900,000(a) 61.7% $17,000,028 2.06x
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) May and June 1998 Appraisal Date.
LOCATION MAP
[THE NARRATIVE AND/OR TABULAR INFORMATION BELOW IS A FAIR AND ACCURATE
DESCRIPTION OF GRAPHIC OR IMAGE MATERIAL OMITTED FOR THE
PURPOSE OF EDGAR FILING.]
AMC Promenade 16
AMC Ontario Mills 30
AMC Mission Valley 20
AMC Huebner Oaks 24
AMC Studio 30
AMC Gravel 24
AMC Lennox 24
AMC West Olive 16
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
- -------------------------------------------------------------------------------
COLLATERAL TERM SHEET
SKYLINE CITY POOL LOAN
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
LOAN INFORMATION:
- -------------------------------------------------------------------------------
PRINCIPAL BALANCE ORIGINAL CUT-OFF DATE (1)
$87,700,000 $87,502,092
ORIGINATION DATE: May 14, 1998
INTEREST RATE: 7.049% (Act/360)
AMORTIZATION: 30 years
HYPERAMORTIZATION: After the ARD, the interest rate increases to the
greater of: (i) 9.049%, and (ii) the 10 Yr UST as
of the ARD plus 2.0%. After the ARD, all excess
cash flow is used to reduce outstanding principal
balance; the additional 2% interest is accrued
until principal balance is zero
ANTICIPATED REPAYMENT
DATE ("ARD"): August 11, 2008
MATURITY DATE: June 11, 2028
THE BORROWERS: Ninth Skyline Associates Limited Partnership and
Fifteenth Skyline Associates Limited Partnership,
whose general partners are bankruptcy remote,
special-purpose limited liability companies
CALL PROTECTION: Two-year prepayment lockout from the date of
securitization with U.S. Treasury defeasance
thereafter until one payment date prior to the
ARD
CUT-OFF DATE LOAN / SF: $120
RESERVES: TI/Leasing Commissions: Monthly, according to a
schedule outlined in the Loan Agreement,
averaging $75,232 per month throughout initial
term (prior to ARD)
Cap Ex: Monthly, in an amount equivalent to
1/12th of the product of $0.20/SF and 728,668 RSF
Debt Service: Monthly, in an amount sufficient to
cover monthly debt service payment amount,
$592,148
Low Debt Service: Cash flow in excess of debt
service is escrowed if annual net operating
income falls below $8,400,000
COLLECTION ACCOUNT: Soft lockbox, springing to hard lockbox if (i)
net operating income falls below $8,400,000, (ii)
after ARD or (iii) after an event of default
CROSS-COLLATERALIZATION/
CROSS-DEFAULT: Yes
PARTNER LOANS: None
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Property Information
- -------------------------------------------------------------------------------
SINGLE ASSET/PORTFOLIO: Portfolio of two assets
PROPERTY TYPE: Office
LOCATION: Fairfax County, Virginia
YEARS BUILT: 1980 and 1987
OCCUPANCY: 97.3% (as of 8/1/98)
THE COLLATERAL (3): One Class A and one Class B office buildings,
comprising approximately 728,668 SF, located in
the Skyline City master planned office park in
Fairfax County, Northern Virginia
Office: 724,614 NRSF
Storage: 4,054 NRSF
Total Space: 728,668 NRSF
Garage Space: 1,997 spaces
MAJOR TENANTS NRSF EXPIRATION
------------- ---- ----------
U.S. Government 410,824 SF '99,'02, '09
Science Applications 87,737 SF 8/03
Birch and Davis 30,886 SF 1/00
Booz, Allen & Hamilton 19,683 SF 3/02
PROPERTY MANAGEMENT: Charles E. Smith Real Estate Services, L.P.
UNDERWRITTEN
NET OPERATING INCOME: $10,860,379
UNDERWRITTEN NET CASH FLOW: $10,714,646
APPRAISED VALUE: $122,600,000
APPRAISED BY: Cushman & Wakefield
APPRAISAL DATE: April 1998
CUT-OFF DATE LTV: 71.4%
DSCR (2): 1.51x
- -------------------------------------------------------------------------------
(1) August 11, 1998.
(2) Based on Underwritten Net Cash Flow and actual loan constant.
(3) While the Properties are currently owned by limited partnerships not
directly affiliated with The Charles E. Smith companies, Charles E. Smith
Commercial Realty L.P. has made an offer, by way of a private placement
memorandum, to purchase the Properties in exchange for Operating
Partnership units. The acquisition is expected to take place October 31,
1998.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
- -------------------------------------------------------------------------------
COLLATERAL TERM SHEET
SKYLINE CITY POOL LOAN
- -------------------------------------------------------------------------------
LEASE EXPIRATION SCHEDULE
<TABLE>
<CAPTION>
YEAR ENDING DEC. 31 EXPIRING SF % OF TOTAL SF ANNUALIZED TENANT BASE RENT % OF TOTAL BASE RENT (1)
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MO/MO
1998 30,674 4.2% $690,579 4.4%
1999 119,948 16.4% 2,582,369 16.6%
2000 56,906 7.8% 1,188,829 7.6%
2001 24,894 3.4% 585,039 3.7%
2002 91,586 12.5% 1,736,695 11.2%
2003 97,120 13.3% 2,248,515 14.5%
2004 - - - -
2005 - - - -
2006 - - - -
2007 - - - -
Thereafter 289,377 39.7% 6,468,649 41.7%
Vacant 18,163 2.7% - -
------ ---- -- --
TOTAL 728,668 100.0% $15,500,675 100.0%
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) Total Base Rent does not include income from rooftop antennae leases
totaling $408,932 per year
LOCATION MAP
[THE NARRATIVE AND/OR TABULAR INFORMATION BELOW IS A FAIR AND ACCURATE
DESCRIPTION OF GRAPHIC OR IMAGE MATERIAL OMITTED FOR THE
PURPOSE OF EDGAR FILING.]
[MAP]
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
GOLDMAN, SACHS & CO.
85 BROAD STREET
NEW YORK, N.Y. 10004
REAL ESTATE FINANCE MORTGAGE SALES AND TRADING
- ------------------- --------------------------
Rolf Edwards Phone: (212) 902-5637 Mark Kogan Phone: (212) 902-2565
Vice President Fax: (212) 346-3594 Managing Director Fax: (212) 902-1691
Brian Landau Phone: (212) 902-8139 Dan Sparks Phone: (212) 902-2914
Associate Fax: (212) 346-3594 Vice President Fax: (212) 902-1691
Corey Owens Phone: (212) 902-4825 Heath Forusz Phone: (212) 902-2858
Associate Fax: (212) 346-3594 Analyst Fax: (212) 902-1691
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. Information contained in this material is current as of
the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. All information in this Term Sheet,
whether regarding the assets backing any securities discussed herein or
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
AMRESCO COMMERCIAL MORTGAGE FUNDING I CORP. MORTGAGE PASS-THROUGH
CERTIFICATES SERIES 1998-C-2
AMRESCO / GOLDMAN
NOTICE TO ALL POTENTIAL INVESTORS
---------------------------------
THIS MATERIAL IS FOR YOUR PRIVATE INFORMATION AND WE ARE NOT SOLICITING ANY
ACTION BASED UPON IT. THIS MATERIAL IS NOT TO BE CONSTRUED AS AN OFFER TO SELL
OR THE SOLICITATION OF ANY OFFER TO BUY ANY SECURITY IN ANY JURISDICTION WHERE
SUCH AN OFFER OR SOLICITATION WOULD BE ILLEGAL. THIS MATERIAL IS BASED ON
INFORMATION THAT WE CONSIDER RELIABLE, BUT WE DO NOT REPRESENT THAT IT IS
ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. BY ACCEPTING
THIS MATERIAL THE RECIPIENT AGREES THAT IT WILL NOT DISTRIBUTE OR PROVIDE THE
MATERIAL TO ANY OTHER PERSON. THE INFORMATION CONTAINED IN THIS MATERIAL MAY BE
BASED ON ASSUMPTIONS REGARDING MARKET CONDITIONS AND OTHER MATTERS AS REFLECTED
THEREIN. WE MAKE NO REPRESENTATIONS REGARDING THE REASONABLENESS OF SUCH
ASSUMPTIONS OR THE LIKELIHOOD THAT ANY OF SUCH ASSUMPTIONS WILL COINCIDE WITH
ACTUAL MARKET CONDITIONS OR EVENTS, AND THIS MATERIAL SHOULD NOT BE RELIED UPON
FOR SUCH PURPOSES. WE AND OUR AFFILIATES, OFFICERS, DIRECTORS, PARTNERS AND
EMPLOYEES, INCLUDING PERSONS INVOLVED IN THE PREPARATION OR ISSUANCE OF THIS
MATERIAL MAY, FROM TIME TO TIME, HAVE LONG OR SHORT POSITIONS IN, AND BUY AND
SELL, THE SECURITIES MENTIONED THEREIN OR DERIVATIVES THEREOF (INCLUDING
OPTIONS). THIS 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. INFORMATION CONTAINED IN THIS MATERIAL IS CURRENT AS OF
THE DATE APPEARING ON THIS MATERIAL ONLY. INFORMATION IN THIS MATERIAL
REGARDING ANY ASSETS BACKING ANY SECURITIES DISCUSSED HEREIN SUPERSEDES ALL
PRIOR INFORMATION REGARDING SUCH ASSETS. ALL INFORMATION IN THIS TERM SHEET,
WHETHER REGARDING THE ASSETS BACKING ANY SECURITIES DISCUSSED HEREIN OR
OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION CONTAINED IN ANY FINAL
PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
THIS MATERIAL IS FURNISHED TO YOU BY GOLDMAN, SACHS & CO. AND NOT BY THE ISSUER
OF THE SECURITIES. GOLDMAN, SACHS & CO. IS ACTING AS THE SOLE LEAD UNDERWRITER
AND NOT ACTING AS AGENT FOR THE ISSUER OR ITS AFFILIATES IN CONNECTION WITH THE
PROPOSED TRANSACTION. THE ISSUER HAS NOT PREPARED OR TAKEN PART IN THE
PREPARATION OF THESE MATERIALS.
<PAGE>
<TABLE>
<CAPTION>
LOANID Basic Property Types Property Name CITY
ANUM PTYPE PROPNM CITY
========================================================================================================
<S> <C> <C> <C>
TBD1B Multifamily VMS-The Bluffs Apartments Milwaukee
TBD1C Multifamily VMS-Buena Vista Apartments Pasadena
TBD1D Multifamily VMS-Casa De Monterey Norwalk
TBD1E Multifamily VMS-Chappelle Le Grande Merrillville
TBD1F Multifamily VMS-Crosswood Park Apartments Citrus Heights
TBD1G Multifamily VMS-Forest Ridge Apartments Flagstaff
TBD1H Multifamily VMS-Mountain View Apartments San Dimas
TBD1I Multifamily VMS-North Park Apartments Evansville
TBD1J Multifamily VMS-Pathfinder Village Fremont
TBD1K Multifamily VMS-Shadowood Apartments Monroe
TBD1L Multifamily VMS-Terrace Gardens Apartments Omaha
TBD1M Multifamily VMS-Towers of Westchester College Park
TBD1N Multifamily VMS-Vista Village Apartments El Paso
TBD1O Multifamily VMS-Watergate Apartments Little Rock
400029191 Anchored Retail Staples - Burlington West Burlington
R0315 Anchored Retail Kroger Plaza Winchester
400029201 Anchored Retail Hills Dunkirk Shopping Center Dunkirk
09-0001128 Anchored Retail Factory Stores at Hershey Hershey
400029207 Anchored Retail Northway Plaza Shopping Center Queensbury
R0480 Anchored Retail Best Buy Retail Facility Westland
09-0001122 Anchored Retail Sequoia Plaza Shopping Center Visalia
400029154 Anchored Retail K-Mart Dundas Dundas
400029134 Anchored Retail Middletown Shopping Center Middletown
R0254 Anchored Retail Silver Spring Plaza Providence
400029121 Anchored Retail Saxon Center Orange City
R0304 Anchored Retail Alturas Plaza Hailey
400029148 Anchored Retail Kentwood Marketplace Kentwood
R0514 Anchored Retail Metzerott Plaza Adelphi
400029274 Anchored Retail Valley Oaks Shopping Center Valley Springs
R0464 Anchored Retail Sunshine Heights Shopping Cent West Monroe
R0412 Anchored Retail Galion West Shopping Center Galion
09-0001037 Anchored Retail Wenatchee Valley Mall East Wenatchee
R0463 Anchored Retail Ruston Center Ruston
400030893 Industrial Prospect Industrial North Brunswick
09-0001111 Industrial Figueroa Business Park Gardena
400029145 Industrial West Pacific Industrial Center Salinas
400029205 Industrial Walden Hurd Business Complex Cheektowaga
09-0001085 Industrial Somerset Workshops Seattle
MU0114 Industrial Murphy Road Business Center Stafford
400029149 Industrial Ames Business Center Burnsville
09-0001086 Industrial OM Bernardo Industrial Complex San Diego
400029184 Industrial Alford Refrigerated Warehouse La Porte
400028305 Industrial Bowman Business Park Little Rock
400029294 Industrial 5775 Polaris/3475 Russell Las Vegas
09-0001065 Lodging Best Western - Rio Rancho Rio Rancho
400030964 Lodging Holiday Inn - Hudson Hudson
400030965 Lodging Holiday Inn - Independence Independence
400030966 Lodging Holiday Inn - North Canton North Canton
L0184 Lodging Super 8 Motel - North Point North Myrtle Beach
400030967 Lodging Comfort Inn - Montrose West Copley Township
400029158 Lodging Holiday Inn Express Overland Park
400029190 Lodging Super 8 Universal Hotel Orlando
400029157 Mixed Use Eubank Albuquerque
M0171 Multifamily Fremont Garden Apartments Fremont
400031048 Multifamily Palm Springs Village Apartment Palm Springs
400029169 Multifamily Braden Creek Apartments Tulsa
400029232 Multifamily Riverside Village Apartments Puyallup
400029257 Multifamily Indian Lookout Apartments Cincinnati
09-0001070 Multifamily Sierra Trails Apartments Ft. Worth
400031123 Multifamily Whitewood Oaks Apartments San Antonio
09-0001123 Multifamily Springdale Villa Apartments Westminister
M0290 Multifamily Geneva Apartments Sauk Rapids
09-0001084 Multifamily Westwood Apartments Fort Worth
400029139 Multifamily Redstone Apartments Burlington
400029208 Multifamily Summit Apartments Jenks
400029306 Multifamily University Gardens Apartments Austin
M0220 Multifamily 121 Seaman Avenue New York
M0262 Multifamily Oakwood Heights Apartments St. Cloud
400029182 Multifamily Chatham Street Apartments Lynn
400029183 Multifamily Fairlawn Gardens Apartments Martinsburg
400028269 Multifamily Westmoor Apartments Findlay
400029252 Multifamily Cimarron Apartments Oakland Park
M0263 Multifamily Country Acres Apartments Sartell
09-0001051 Multifamily Town View Apartments Dallas
M0415 Multifamily Northridge Villa Apartments Salinas
400029178 Multifamily 422 Mystic Avenue Sommerville
M0537 Multifamily Cedar Shores Apartments Jacksonville
400029137 Multifamily Shirley Court Apartments Upper Darby
09-0001075 Multifamily Shadow Glen Apartments Dallas
M0514 Multifamily Hobbits Grove Apartments Columbia
M0288 Multifamily Southview Apartments Sartell
M0443 Multifamily Tree House Apartments Orange Park
M0289 Multifamily The Crossings Apartments St. Cloud
09-0001042 Multifamily Briarwood Village Apartments Houston
400029168 Multifamily The Eagle Crest Townhome Apts. San Antonio
400029202 Multifamily Villa Acapulco Apartments Houston
M0364 Multifamily Riverchase Apartments Robinsonville
09-0001045 Multifamily Westbury Park Apartments Marietta
M0264 Multifamily Executive East Apartments St. Cloud
M0330 Multifamily Acadian House Apartments Lafayette
M0172 Multifamily Roxbury Crossing Apartments Boston
09-0001036 Multifamily McKinney Avenue Apartments Dallas
400029185 Multifamily Spring Heights Fourplexes College Station
09-0001082 Multifamily Canterbury Village Apartments Dallas
M0462 Multifamily Cottonwood Cabanas Apartments Memphis
09-0001035 Multifamily The Mason Apartments Dallas
400029299 Multifamily Ogden Manor Apartments Naperville
09-0001107 Multifamily Southgate Suites & Apartments Columbus
09-0001106 Nursing Home, Skilled Bay Area Rehab Coos Bay
400030935 Office Heritage Place Office Building Nashville,
400029311 Office Prime Plaza Boynton Beach
400029156 Office 4300 Biscayne Boulevard Miami
400029223 Office 560 Fifth Avenue New York
O0179 Office Sharp Mission Park Medical Ctr Vista
400029172 Office The Armory West Hartford
O0359 Office CED Office Building Maitland
400029253 Office 1616 West Shaw Fresno
400029235 Office The Arbour Building Pompano Beach
O0259 Office Harbor Bay Biotech Building Alameda
400030934 Office Woodwinds Office Center Livonia
O0422 Office 25 Enterprise Center Middletown
400029119 Office Horizon Office Portfolio Mt. Pleasant
400029210 Office Litchfield Park Plaza Avondale
O0541 Office Leawood Corporate Manor IV Leawood
O0253 Office Country Club Court - Building Provo
O0311 Office Dunwoody Office Park Atlanta
400029129 Office Century Medical Center Hawthorne
400029262 Office Colwell Building Minneapolis
O0148 Office Laurel Executive Building Laurel
O0265 Office Westport Corporate Office Park Westport
400029250 Self-Storage Highland Business Park Springfield
400029200 Special Purpose Exchange St. Parking Ramp Buffalo
400029216 Special Purpose Jiffy Lube Building Omaha
400029180 Unanchored Retail Blue Ash Shopping Center Blue Ash
400029204 Unanchored Retail Fountain Plaza Shopping Center Bakersfield
400030913 Unanchored Retail 761 7th Avenue New York
400029187 Unanchored Retail Advance Auto Parts - Anniston Anniston
400028277 Unanchored Retail South Park Centre Miami
09-0001091 Unanchored Retail Larchmont Boulevard Building Los Angeles
400029246 Unanchored Retail Columbia East Dundee Shopping East Dundee
400029189 Unanchored Retail 25 E. 83rd Street New York
400030915 Unanchored Retail The Saddlery Office Building Milwaukee
09-0001072 Unanchored Retail Angleton Plaza Angleton
400029209 Unanchored Retail Centennial Square Shopping Cen Littleton
400029251 Unanchored Retail Laurelwood Collection Shopping Memphis
R0497 Unanchored Retail The Canary Creek Shoppes Franklin
R0297 Unanchored Retail Parc City Centre Sterling
400029171 Unanchored Retail Malibu Canyon Commercial Ctr. Calabasas
400029221 Unanchored Retail 250 East 65th Street New York
R0311 Unanchored Retail Lakes Specialty Center Folsom
09-0001056 Unanchored Retail Sonesta West Shopping Center Austin
400030867 Unanchored Retail Arcadia Landmark Arcadia
09-0001038 Unanchored Retail Brandon Lakes Plaza Brandon
09-0001168 Unanchored Retail The Original Outlet Mall Bristol
R0886 Unanchored Retail Plaza del Oro Shopping Center Houston
R0887 Unanchored Retail Southside Village Shopping Cen Conroe
400029126 Unanchored Retail Shiloh Place Shopping Center Kennesaw
R0597 Unanchored Retail Benchmark Shopping Center Columbus
MU0036 Unanchored Retail Bear Creek Specialty Center Houston
09-0001073 Unanchored Retail Ridgecrest Shopping Center Houston
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Actual original remaining
ORIGINATION/ Maturity hyperamortization original amortization amortization
STATE FUNDDATE Date flag term term term
STATE ODATE ACT_MDT HYPERAM OTERM OATERM ATERM
===========================================================================================================
<S> <C> <C> <C> <C> <C> <C>
OR 12/29/97 01/01/08 0 120 320 311
CA 12/29/97 01/01/08 0 120 320 311
CA 12/29/97 01/01/08 0 120 320 311
IN 12/29/97 01/01/08 0 120 320 311
CA 12/29/97 01/01/08 0 120 320 311
AZ 12/29/97 01/01/08 0 120 320 311
CA 12/29/97 01/01/08 0 120 320 311
IN 12/29/97 01/01/08 0 120 320 311
CA 12/29/97 01/01/08 0 120 320 311
LA 12/29/97 01/01/08 0 120 320 311
NE 12/29/97 01/01/08 0 120 320 311
MD 12/29/97 01/01/08 0 120 320 311
TX 12/29/97 01/01/08 0 120 320 311
AR 12/29/97 01/01/08 0 120 320 311
IA 05/01/98 06/01/08 0 120 360 356
KY 07/10/98 07/31/08 0 120 360 358
NY 04/14/98 05/01/08 0 120 300 295
PA 08/07/98 09/01/08 1 360 360 359
NY 05/21/98 06/01/08 0 120 360 356
MI 08/03/98 09/01/08 0 120 360 359
CA 07/31/98 08/01/08 0 120 360 358
MN 02/05/98 04/01/08 0 121 360 353
OH 02/27/98 03/01/08 0 120 360 353
RI 03/05/98 04/01/08 0 120 360 354
FL 02/06/98 03/01/08 0 120 360 353
ID 03/16/98 04/01/08 0 120 360 354
MI 02/26/98 03/01/08 0 120 360 353
MD 06/29/98 07/01/08 0 120 360 357
CA 06/16/98 07/01/08 0 120 360 357
LA 06/25/98 07/01/08 0 120 360 357
OH 05/04/98 06/01/08 0 120 300 296
WA 04/30/98 05/01/08 0 120 360 355
LA 09/15/98 10/01/08 0 120 360 360
NJ 08/14/98 09/01/08 0 120 360 359
CA 08/11/98 09/01/08 0 120 360 359
CA 01/12/98 02/01/08 0 120 300 292
NY 04/03/98 05/01/08 0 120 360 355
WA 07/28/98 08/01/08 1 360 360 358
TX 09/04/98 10/01/08 0 120 300 300
MN 02/27/98 03/01/08 0 120 360 353
CA 06/30/98 07/01/08 1 360 360 357
TX 02/06/98 03/01/08 0 120 300 293
AR 02/06/98 03/01/08 0 120 360 353
NV 06/16/98 07/01/08 0 120 240 237
NM 05/08/98 06/01/08 0 120 300 296
OH 08/14/98 09/01/08 0 120 300 299
OH 08/14/98 09/01/08 0 120 300 299
OH 08/14/98 09/01/08 0 120 300 299
SC 06/17/98 07/01/08 0 120 300 297
OH 08/14/98 09/01/08 0 120 300 299
KS 02/05/98 03/01/08 0 120 300 293
FL 03/31/98 04/01/08 0 120 300 294
NM 01/23/98 02/01/08 0 120 300 292
CA 04/28/98 05/01/08 0 120 360 355
CA 07/31/98 08/01/08 0 120 360 358
OK 01/28/98 02/01/08 0 120 360 352
WA 05/15/98 06/01/08 0 120 360 356
OH 05/28/98 06/01/08 0 120 360 356
TX 06/04/98 07/01/08 0 120 360 357
TX 07/31/98 08/01/08 0 120 360 358
CA 07/31/98 08/01/08 0 120 360 358
MN 03/26/98 04/01/08 0 120 360 354
TX 06/30/98 07/01/08 0 120 360 357
VT 02/23/98 03/01/08 1 324 324 317
OK 03/19/98 04/01/08 0 120 360 354
TX 07/02/98 08/01/08 0 120 360 358
NY 03/31/98 04/01/08 0 120 360 354
MN 03/26/98 04/01/08 0 120 360 354
MA 04/02/98 05/01/08 0 120 360 355
WV 03/20/98 04/01/08 0 120 360 354
OH 03/13/98 04/01/08 0 120 360 354
FL 05/08/98 06/01/08 0 120 300 296
MN 03/25/98 04/01/08 0 120 360 354
TX 06/09/98 07/01/08 0 120 360 357
CA 05/29/98 06/01/08 0 120 360 356
MA 03/10/98 04/01/08 0 120 360 354
FL 08/27/98 09/01/08 0 120 360 359
PA 02/25/98 03/01/08 0 120 300 293
TX 06/09/98 07/01/08 0 120 360 357
MD 09/01/98 09/01/08 0 120 360 359
MN 03/25/98 04/01/08 0 120 360 354
FL 08/27/98 09/01/08 0 120 360 359
MN 03/25/98 04/01/08 0 120 360 354
TX 04/08/98 04/10/08 0 120 360 354
TX 02/13/98 03/01/08 0 120 300 293
TX 03/04/98 04/01/08 0 120 360 354
MS 08/07/98 09/01/08 0 120 360 359
GA 04/16/98 05/01/08 0 120 360 355
MN 03/25/98 04/01/08 0 120 360 354
LA 07/20/98 08/01/08 0 120 360 358
MA 04/08/98 05/01/08 0 120 300 295
TX 03/19/98 04/01/08 0 120 360 354
TX 03/12/98 04/01/08 0 120 360 354
TX 06/16/98 07/01/08 0 120 360 357
TN 08/05/98 09/01/08 0 120 360 359
TX 03/19/98 04/01/08 0 120 360 354
IL 06/30/98 07/01/08 0 120 360 357
GA 07/13/98 08/01/08 0 120 360 358
OR 07/09/98 08/01/08 0 120 300 298
TN 08/12/98 09/01/08 0 120 360 359
FL 07/02/98 08/01/08 0 120 300 298
FL 04/06/98 05/01/08 0 120 360 355
NY 05/08/98 06/01/08 0 120 360 356
CA 06/29/98 07/01/05 0 84 360 357
CT 04/24/98 05/01/08 0 120 360 355
FL 08/18/98 09/01/08 0 120 360 359
CA 07/23/98 08/01/08 0 120 360 358
FL 05/15/98 06/01/08 0 120 300 296
CA 02/02/98 02/28/08 0 120 360 353
MI 08/25/98 09/01/08 0 120 300 299
RI 09/04/98 10/01/08 0 120 360 360
WI 02/26/98 03/01/08 0 120 360 353
AZ 05/18/98 06/01/08 0 120 360 356
KS 08/19/98 09/01/08 0 120 300 299
UT 06/09/98 07/01/08 0 120 300 297
GA 04/06/98 05/01/08 0 120 360 355
CA 01/07/98 02/01/08 0 120 360 352
MN 06/30/98 07/01/08 0 120 300 297
MD 02/17/98 02/28/08 0 120 360 353
CT 01/27/98 02/01/08 0 120
VA 05/21/98 06/01/08 0 120 300 296
NY 04/30/98 05/01/08 0 120 180 175
NE 06/08/98 07/01/08 0 120 300 297
OH 02/18/98 03/01/08 0 120 300 293
CA 03/26/98 04/01/08 0 120 360 354
NY 08/20/98 09/01/08 0 120 360 359
AL 04/09/98 05/01/08 0 120 360 355
FL 11/13/97 12/01/07 0 120 360 350
CA 07/09/98 08/01/08 0 120 360 358
IL 06/10/98 07/05/08 0 120 360 357
NY 03/24/98 04/01/08 0 120 360 354
WI 08/03/98 09/01/08 0 120 360 359
TX 06/17/98 07/01/08 0 120 360 357
CO 05/06/98 06/01/08 0 120 300 296
TN 06/30/98 07/01/08 0 120 360 357
IN 08/24/98 09/01/08 0 120 360 359
VA 05/04/98 06/01/08 0 120 360 356
CA 02/27/98 03/01/08 0 120 360 353
NY 05/08/98 06/01/08 0 120 360 356
CA 05/22/98 06/01/08 0 120 360 356
TX 05/06/98 06/01/08 0 120 360 356
CA 07/24/98 08/01/08 0 120 300 298
FL 04/02/98 05/01/08 0 120 360 355
WI 09/15/98 10/01/08 0 120 360 360
TX 09/04/98 10/01/08 0 120 300 300
TX 09/04/98 10/01/08 0 120 300 300
GA 02/13/98 03/01/08 0 120 300 293
OH 08/17/98 09/01/08 0 120 360 359
TX 09/04/98 10/01/08 0 120 300 300
TX 06/17/98 07/01/08 0 120 300 297
149
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
payment
remaining Original Current per loan
term Balance Balance month type RATETYPE
RTERM OBAL PBAL PI LNTYPE RATETYPE
==================================================================================================================
<S> <C> <C> <C> <C> <C>
111 3,775,357.00 3,746,170.13 29860.04 Amortizing Balloon Fixed
111 5,022,519.00 4,983,690.45 39724.09 Amortizing Balloon Fixed
111 4,158,597.00 4,126,447.34 32891.16 Amortizing Balloon Fixed
111 3,253,311.00 3,228,160.01 25731.08 Amortizing Balloon Fixed
111 5,645,175.00 5,601,532.77 44648.80 Amortizing Balloon Fixed
111 5,981,972.00 5,935,726.03 47312.59 Amortizing Balloon Fixed
111 7,256,664.00 7,200,563.52 57394.38 Amortizing Balloon Fixed
111 6,339,064.00 6,290,057.39 50136.90 Amortizing Balloon Fixed
111 13,649,475.00 13,543,952.40 107956.38 Amortizing Balloon Fixed
111 2,282,858.00 2,265,209.47 18055.57 Amortizing Balloon Fixed
111 4,501,649.00 4,466,847.24 35604.43 Amortizing Balloon Fixed
111 12,286,057.00 12,191,074.83 97172.84 Amortizing Balloon Fixed
111 3,367,764.00 3,341,728.18 26636.31 Amortizing Balloon Fixed
111 2,938,354.00 2,915,637.91 23240.02 Amortizing Balloon Fixed
116 1,960,000.00 1,955,115.00 13,879.50 Amortizing Balloon Fixed
118 4,200,000.00 4,193,946.00 27,999.14 Amortizing Balloon Fixed
115 2,380,000.00 2,368,055.00 17,774.18 Amortizing Balloon Fixed
119 25,600,000.00 25,580,579.00 177,074.61 Hyperamortizing Fixed
116 12,800,000.00 12,765,411.00 87,840.08 Amortizing Balloon Fixed
119 1,800,000.00 1,798,672.00 12,622.83 Amortizing Balloon Fixed
118 14,200,000.00 14,180,655.00 96,869.03 Amortizing Balloon Fixed
114 3,110,000.00 3,093,076.00 21,448.21 Amortizing Balloon Fixed
113 4,500,000.00 4,474,681.00 30,515.00 Amortizing Balloon Fixed
114 2,175,000.00 2,165,973.00 14,822.58 Amortizing Balloon Fixed
113 3,740,000.00 3,723,852.00 26,432.90 Amortizing Balloon Fixed
114 3,600,000.00 3,584,725.00 24,314.64 Amortizing Balloon Fixed
113 2,250,000.00 2,237,141.00 15,135.89 Amortizing Balloon Fixed
117 5,120,000.00 5,109,619.00 34,408.04 Amortizing Balloon Fixed
117 4,880,000.00 4,869,949.00 32,597.96 Amortizing Balloon Fixed
117 4,500,000.00 4,491,719.00 31,341.49 Amortizing Balloon Fixed
116 1,475,000.00 1,468,981.00 11,025.15 Amortizing Balloon Fixed
115 10,200,000.00 10,165,354.00 69,098.35 Amortizing Balloon Fixed
120 4,850,000.00 4,850,000.00 32,560.85 Amortizing Balloon Fixed
119 2,000,000.00 1,998,409.00 13,508.14 Amortizing Balloon Fixed
119 3,700,000.00 3,697,091.00 25,140.22 Amortizing Balloon Fixed
112 2,400,000.00 2,376,404.00 17,208.45 Amortizing Balloon Fixed
115 6,100,000.00 6,075,342.00 41,117.42 Amortizing Balloon Fixed
118 1,550,000.00 1,548,047.00 10,901.58 Hyperamortizing Fixed
120 615,000.00 615,000.00 4,401.77 Amortizing Balloon Fixed
113 2,950,000.00 2,933,499.00 20,064.21 Amortizing Balloon Fixed
117 3,451,000.00 3,443,724.00 22,843.82 Hyperamortizing Fixed
113 5,400,000.00 5,366,848.00 42,973.99 Amortizing Balloon Fixed
113 3,650,000.00 3,628,728.00 24,308.06 Amortizing Balloon Fixed
117 2,000,000.00 1,989,379.00 15,650.37 Amortizing Balloon Fixed
116 5,400,000.00 5,377,414.00 39,905.52 Amortizing Balloon Fixed
119 13,300,000.00 13,286,218.00 103,445.77 Amortizing Balloon Fixed
119 21,800,000.00 21,777,411.00 169,557.73 Amortizing Balloon Fixed
119 5,400,000.00 5,394,404.00 42,000.54 Amortizing Balloon Fixed
117 2,075,000.00 2,068,993.00 15,618.62 Amortizing Balloon Fixed
119 3,500,000.00 3,496,373.00 27,222.57 Amortizing Balloon Fixed
113 2,850,000.00 2,829,759.00 21,302.83 Amortizing Balloon Fixed
114 3,180,000.00 3,161,534.00 24,417.49 Amortizing Balloon Fixed
112 2,500,000.00 2,479,427.00 19,229.21 Amortizing Balloon Fixed
115 9,400,000.00 9,370,479.00 65,597.48 Amortizing Balloon Fixed
118 4,600,000.00 4,592,526.00 30,789.50 Amortizing Balloon Fixed
112 4,750,000.00 4,720,294.00 31,729.57 Amortizing Balloon Fixed
116 4,000,000.00 3,988,673.00 26,935.24 Amortizing Balloon Fixed
116 4,800,000.00 4,786,473.00 32,387.10 Amortizing Balloon Fixed
117 1,800,000.00 1,796,427.00 12,193.83 Amortizing Balloon Fixed
118 1,800,000.00 1,797,348.00 11,890.94 Amortizing Balloon Fixed
118 10,050,000.00 10,035,229.00 66,458.42 Amortizing Balloon Fixed
114 1,325,000.00 1,319,405.00 8,967.05 Amortizing Balloon Fixed
117 2,275,000.00 2,270,721.00 15,720.61 Amortizing Balloon Fixed
113 5,200,000.00 5,161,627.00 35,936.04 Hyperamortizing Fixed
114 2,200,000.00 2,190,202.00 14,562.85 Amortizing Balloon Fixed
118 3,950,000.00 3,944,024.00 25,803.69 Amortizing Balloon Fixed
114 1,325,000.00 1,319,950.00 9,337.28 Amortizing Balloon Fixed
114 1,328,000.00 1,322,392.00 8,987.35 Amortizing Balloon Fixed
115 1,500,000.00 1,494,957.00 10,202.14 Amortizing Balloon Fixed
114 2,300,000.00 2,290,025.00 15,394.75 Amortizing Balloon Fixed
114 2,150,000.00 2,140,966.00 14,579.39 Amortizing Balloon Fixed
116 3,850,000.00 3,830,519.00 26,965.89 Amortizing Balloon Fixed
114 3,100,000.00 3,087,007.00 21,042.43 Amortizing Balloon Fixed
117 2,040,000.00 2,036,058.00 13,957.93 Amortizing Balloon Fixed
116 3,960,000.00 3,949,299.00 27,175.53 Amortizing Balloon Fixed
114 3,500,000.00 3,482,939.00 23,568.34 Amortizing Balloon Fixed
119 2,720,000.00 2,717,695.00 17,786.75 Amortizing Balloon Fixed
113 3,600,000.00 3,568,243.00 25,398.14 Amortizing Balloon Fixed
117 1,064,000.00 1,061,977.00 7,323.42 Amortizing Balloon Fixed
119 11,850,000.00 11,839,014.00 73,889.84 Amortizing Balloon Fixed
114 1,050,000.00 1,045,599.00 7,127.28 Amortizing Balloon Fixed
119 2,400,000.00 2,397,966.00 15,694.19 Amortizing Balloon Fixed
114 1,000,000.00 995,809.00 6,787.88 Amortizing Balloon Fixed
114 9,800,000.00 9,756,251.00 64,805.22 Amortizing Balloon Fixed
113 1,550,000.00 1,537,778.00 11,034.31 Amortizing Balloon Fixed
114 4,560,000.00 4,540,699.00 30,829.36 Amortizing Balloon Fixed
119 960,000.00 959,266.00 6,614.13 Amortizing Balloon Fixed
115 3,000,000.00 2,990,018.00 20,485.64 Amortizing Balloon Fixed
114 1,750,000.00 1,742,665.00 11,878.79 Amortizing Balloon Fixed
118 4,500,000.00 4,493,481.00 29,938.61 Amortizing Balloon Fixed
115 625,000.00 621,814.00 4,634.97 Amortizing Balloon Fixed
114 590,750.00 587,761.00 3,902.54 Amortizing Balloon Fixed
114 1,760,000.00 1,752,514.00 11,875.27 Amortizing Balloon Fixed
117 5,482,500.00 5,470,880.00 36,217.83 Amortizing Balloon Fixed
119 8,740,000.00 8,732,563.00 57,036.49 Amortizing Balloon Fixed
114 697,000.00 693,474.00 4,604.44 Amortizing Balloon Fixed
117 4,000,000.00 3,991,324.00 26,183.67 Amortizing Balloon Fixed
118 2,985,000.00 2,981,475.00 21,508.80 Amortizing Balloon Fixed
118 2,520,000.00 2,515,134.00 19,249.87 Amortizing Balloon Fixed
119 8,660,000.00 8,653,258.00 59,135.22 Amortizing Balloon Fixed
118 1,600,000.00 1,596,614.00 11,719.18 Amortizing Balloon Fixed
115 2,100,000.00 2,091,693.00 14,311.46 Amortizing Balloon Fixed
116 3,250,000.00 3,240,105.00 22,546.70 Amortizing Balloon Fixed
81 10,700,000.00 10,679,600.00 73,574.36 Amortizing Balloon Fixed
115 5,730,000.00 5,711,230.00 39,361.12 Amortizing Balloon Fixed
119 4,500,000.00 4,496,384.00 30,241.44 Amortizing Balloon Fixed
118 1,100,000.00 1,098,549.00 7,601.18 Amortizing Balloon Fixed
116 1,250,000.00 1,244,632.00 9,123.86 Amortizing Balloon Fixed
113 3,375,000.00 3,358,673.00 22,840.60 Amortizing Balloon Fixed
119 1,400,000.00 1,398,310.00 10,020.29 Amortizing Balloon Fixed
120 3,600,000.00 3,600,000.00 24,193.15 Amortizing Balloon Fixed
113 2,600,000.00 2,585,169.00 17,507.91 Amortizing Balloon Fixed
116 1,050,000.00 1,047,308.00 7,356.14 Amortizing Balloon Fixed
119 1,150,000.00 1,148,679.00 8,461.03 Amortizing Balloon Fixed
117 1,350,000.00 1,346,225.00 10,312.43 Amortizing Balloon Fixed
115 9,500,000.00 9,467,897.00 64,484.88 Amortizing Balloon Fixed
112 3,700,000.00 3,675,091.00 24,541.69 Amortizing Balloon Fixed
117 4,500,000.00 4,486,242.00 33,079.18 Amortizing Balloon Fixed
113 6,600,000.00 6,563,801.00 45,337.42 Amortizing Balloon Fixed
112 8,000,000.00 8,000,000.00 49,737.78 Interest Only Balloon Fixed
116 3,157,000.00 3,143,720.00 23,268.38 Amortizing Balloon Fixed
115 4,500,000.00 4,433,463.00 41,485.74 Amortizing Balloon Fixed
117 2,200,000.00 2,193,085.00 15,972.69 Amortizing Balloon Fixed
113 1,440,000.00 1,427,640.00 10,320.45 Amortizing Balloon Fixed
114 2,250,000.00 2,241,532.00 15,933.10 Amortizing Balloon Fixed
119 14,500,000.00 14,488,530.00 98,228.05 Amortizing Balloon Fixed
115 2,425,000.00 2,418,452.00 17,844.53 Amortizing Balloon Fixed
110 7,700,000.00 7,641,681.00 54,050.58 Amortizing Balloon Fixed
118 1,400,000.00 1,398,102.00 9,569.47 Amortizing Balloon Fixed
117 525,000.00 524,068.00 3,703.28 Amortizing Balloon Fixed
114 3,025,000.00 3,011,912.00 20,267.81 Amortizing Balloon Fixed
119 2,500,000.00 2,498,077.00 17,173.27 Amortizing Balloon Fixed
117 1,690,000.00 1,686,725.00 11,551.71 Amortizing Balloon Fixed
116 2,650,000.00 2,638,535.00 19,274.05 Amortizing Balloon Fixed
117 5,350,000.00 5,338,720.00 35,414.21 Amortizing Balloon Fixed
119 1,475,000.00 1,473,865.00 10,132.22 Amortizing Balloon Fixed
116 6,500,000.00 6,482,783.00 44,960.35 Amortizing Balloon Fixed
113 5,000,000.00 4,975,196.00 33,500.51 Amortizing Balloon Fixed
116 6,220,000.00 6,201,063.00 43,150.92 Amortizing Balloon Fixed
116 5,250,000.00 5,236,093.00 36,314.13 Amortizing Balloon Fixed
116 2,950,000.00 2,942,496.00 20,727.92 Amortizing Balloon Fixed
118 5,470,000.00 5,458,001.00 39,396.68 Amortizing Balloon Fixed
115 2,360,000.00 2,352,188.00 16,147.41 Amortizing Balloon Fixed
120 21,500,000.00 21,500,000.00 141,311.52 Amortizing Balloon Fixed
120 560,000.00 560,000.00 4,008.12 Amortizing Balloon Fixed
120 1,145,000.00 1,145,000.00 8,195.17 Amortizing Balloon Fixed
113 1,200,000.00 1,190,197.00 8,844.49 Amortizing Balloon Fixed
119 2,460,000.00 2,458,119.00 16,948.71 Amortizing Balloon Fixed
120 1,930,000.00 1,930,000.00 13,813.69 Amortizing Balloon Fixed
117 1,370,000.00 1,365,668.00 9,920.11 Amortizing Balloon Fixed
650,223,615.67
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Underwritten net
cashflows submitted
interest no of months to rating agency,
only when loan is balloon else as of
flag an I/O flag RATE Interest Accrual Method origination
IOF IOPER BF RATE INTCALC UWNCF
================================================================================================================
<S> <C> <C> <C> <C> <C>
0 0 1 8.5000 Actual Days / 360 Year-Days 523941
0 0 1 8.5000 Actual Days / 360 Year-Days 696815
0 0 1 8.5000 Actual Days / 360 Year-Days 440107
0 0 1 8.5000 Actual Days / 360 Year-Days 380549
0 0 1 8.5000 Actual Days / 360 Year-Days 864990
0 0 1 8.5000 Actual Days / 360 Year-Days 757292
0 0 1 8.5000 Actual Days / 360 Year-Days 968936
0 0 1 8.5000 Actual Days / 360 Year-Days 816008
0 0 1 8.5000 Actual Days / 360 Year-Days 1761592
0 0 1 8.5000 Actual Days / 360 Year-Days 353310
0 0 1 8.5000 Actual Days / 360 Year-Days 598065
0 0 1 8.5000 Actual Days / 360 Year-Days 1575196
0 0 1 8.5000 Actual Days / 360 Year-Days 236604
0 0 1 8.5000 Actual Days / 360 Year-Days 368468
0 0 1 7.63 Actual Days / 360 Year-Days 217066
0 0 1 7.02 Actual Days / 360 Year-Days 435594
0 0 1 7.62 Actual Days / 360 Year-Days 279708
0 0 2 7.39 Actual Days / 360 Year-Days 2810897
0 0 1 7.31 Actual Days / 360 Year-Days 1393459
0 0 1 7.53 Actual Days / 360 Year-Days 200648
0 0 1 7.25 Actual Days / 360 Year-Days 1556746
0 0 1 7.36 30 Month-Days / 360 Year-Days 345576
0 0 1 7.19 30 Month-Days / 360 Year-Days 495526
0 0 1 7.24 Actual Days / 360 Year-Days 248326
0 0 1 7.61 Actual Days / 360 Year-Days 442503
0 0 1 7.15 Actual Days / 360 Year-Days 418557
0 0 1 7.11 30 Month-Days / 360 Year-Days 262742
0 0 1 7.1 Actual Days / 360 Year-Days 599367
0 0 1 7.04 Actual Days / 360 Year-Days 579656
0 0 1 7.46 Actual Days / 360 Year-Days 568559
0 0 1 7.63 Actual Days / 360 Year-Days 202056
0 0 1 7.18 Actual Days / 360 Year-Days 1320264
0 0 1 7.09 Actual Days / 360 Year-Days 718087
0 0 1 7.15 Actual Days / 360 Year-Days 213161
0 0 1 7.21 Actual Days / 360 Year-Days 402811
0 0 1 7.16 30 Month-Days / 360 Year-Days 278869
0 0 1 7.13 30 Month-Days / 360 Year-Days 672944
0 0 2 7.56 Actual Days / 360 Year-Days 185671
0 0 1 7.14 Actual Days / 360 Year-Days 78536
0 0 1 7.22 30 Month-Days / 360 Year-Days 365786
0 0 2 6.95 Actual Days / 360 Year-Days 420173
0 0 1 8.36 Actual Days / 360 Year-Days 801194
0 0 1 7.01 30 Month-Days / 360 Year-Days 467499
0 0 1 7.12 Actual Days / 360 Year-Days 320461
0 0 1 7.5 Actual Days / 360 Year-Days 557903
0 0 1 8.09 Actual Days / 360 Year-Days 1550857
0 0 1 8.09 Actual Days / 360 Year-Days 2545470
0 0 1 8.09 Actual Days / 360 Year-Days 645024
0 0 1 7.71 Actual Days / 360 Year-Days 241681
0 0 1 8.09 Actual Days / 360 Year-Days 433633
0 0 1 7.63 Actual Days / 360 Year-Days 344425
0 0 1 7.94 Actual Days / 360 Year-Days 396853
0 0 1 7.96 Actual Days / 360 Year-Days 311270
0 0 1 7.48 Actual Days / 360 Year-Days 918305
0 0 1 7.06 30 Month-Days / 360 Year-Days 443231
0 0 1 7.04 Actual Days / 360 Year-Days 482232
0 0 1 7.12 Actual Days / 360 Year-Days 412006
0 0 1 7.14 Actual Days / 360 Year-Days 493550
0 0 1 7.18 Actual Days / 360 Year-Days 187132
0 0 1 6.93 Actual Days / 360 Year-Days 183299
0 0 1 6.94 Actual Days / 360 Year-Days 1042299
0 0 1 7.17 Actual Days / 360 Year-Days 140425
0 0 1 7.38 Actual Days / 360 Year-Days 248676
0 0 2 7.05 30 Month-Days / 360 Year-Days 567731
0 0 1 6.95 Actual Days / 360 Year-Days 231015
0 0 1 6.82 Actual Days / 360 Year-Days 407917
0 0 1 7.58 Actual Days / 360 Year-Days 150558
0 0 1 7.17 Actual Days / 360 Year-Days 144811
0 0 1 7.22 Actual Days / 360 Year-Days 165691
0 0 1 7.06 Actual Days / 360 Year-Days 249458
0 0 1 7.19 Actual Days / 360 Year-Days 237653
0 0 1 6.9 30 Month-Days / 360 Year-Days 441877
0 0 1 7.2 Actual Days / 360 Year-Days 345238
0 0 1 7.28 Actual Days / 360 Year-Days 231587
0 0 1 7.31 Actual Days / 360 Year-Days 449055
0 0 1 7.12 30 Month-Days / 360 Year-Days 394356
0 0 1 6.83 Actual Days / 360 Year-Days 297140
0 0 1 6.98 30 Month-Days / 360 Year-Days 426871
0 0 1 7.34 Actual Days / 360 Year-Days 123544
0 0 1 6.37 Actual Days / 360 Year-Days 1259836
0 0 1 7.2 Actual Days / 360 Year-Days 122122
0 0 1 6.83 Actual Days / 360 Year-Days 274079
0 0 1 7.2 Actual Days / 360 Year-Days 119999
0 0 1 6.94 Actual Days / 360 Year-Days 1152535
0 0 1 7.08 Actual Days / 360 Year-Days 197917
0 0 1 7.16 Actual Days / 360 Year-Days 549483
0 0 1 7.35 Actual Days / 360 Year-Days 118418
0 0 1 7.26 Actual Days / 360 Year-Days 368822
0 0 1 7.2 Actual Days / 360 Year-Days 215535
0 0 1 7 Actual Days / 360 Year-Days 556372
0 0 1 7.54 Actual Days / 360 Year-Days 88919
0 0 1 6.93 30 Month-Days / 360 Year-Days 75886
0 0 1 7.14 Actual Days / 360 Year-Days 231334
0 0 1 6.93 Actual Days / 360 Year-Days 712935
0 0 1 6.81 Actual Days / 360 Year-Days 1133567
0 0 1 6.93 30 Month-Days / 360 Year-Days 94767
0 0 1 6.84 Actual Days / 360 Year-Days 568071
0 0 1 7.81 Actual Days / 360 Year-Days 482001
0 0 1 7.88 Actual Days / 360 Year-Days 318209
0 0 1 7.26 Actual Days / 360 Year-Days 799553
0 0 1 7.4 Actual Days / 360 Year-Days 173630
0 0 1 7.24 30 Month-Days / 360 Year-Days 214285
0 0 1 7.42 30 Month-Days / 360 Year-Days 337003
0 0 1 7.33 Actual Days / 360 Year-Days 1109060
0 0 1 7.32 Actual Days / 360 Year-Days 599049
0 0 1 7.1 Actual Days / 360 Year-Days 529163
0 0 1 7.38 Actual Days / 360 Year-Days 133699
0 0 1 7.36 Actual Days / 360 Year-Days 161324
0 0 1 7.17 Actual Days / 360 Year-Days 406738
0 0 1 7.14 Actual Days / 360 Year-Days 180758
0 0 1 7.1 Actual Days / 360 Year-Days 434129
0 0 1 7.12 30 Month-Days / 360 Year-Days 317149
0 0 1 7.52 Actual Days / 360 Year-Days 134005
0 0 1 7.45 Actual Days / 360 Year-Days 156102
0 0 1 7.88 Actual Days / 360 Year-Days 194199
0 0 1 7.2 Actual Days / 360 Year-Days 1218992
0 0 1 6.97 30 Month-Days / 360 Year-Days 481508
0 0 1 7.44 Actual Days / 360 Year-Days 656664
0 0 1 7.32 Actual Days / 365 Year-Days 956689
1 120 1 7.22 Actual Days / 360 Year-Days 1279737
0 0 1 7.47 Actual Days / 360 Year-Days 355086
0 0 1 7.41 Actual Days / 360 Year-Days 562166
0 0 1 7.3 Actual Days / 360 Year-Days 241036
0 0 1 7.155 30 Month-Days / 360 Year-Days 164436
0 0 1 7.63 Actual Days / 360 Year-Days 257863
0 0 1 7.18 Actual Days / 360 Year-Days 1588282
0 0 1 8.03 Actual Days / 360 Year-Days 290477
0 0 1 7.54 30 Month-Days / 360 Year-Days 879087
0 0 1 7.27 Actual Days / 360 Year-Days 157719
0 0 1 7.59 Actual Days / 360 Year-Days 61192
0 0 1 7.07 Actual Days / 360 Year-Days 340713
0 0 1 7.32 Actual Days / 360 Year-Days 290006
0 0 1 7.27 Actual Days / 360 Year-Days 196010
0 0 1 7.32 Actual Days / 360 Year-Days 331265
0 0 1 6.95 Actual Days / 360 Year-Days 626447
0 0 1 7.32 Actual Days / 360 Year-Days 181840
0 0 1 7.39 Actual Days / 360 Year-Days 806731
0 0 1 7.07 Actual Days / 360 Year-Days 601335
0 0 1 7.42 30 Month-Days / 360 Year-Days 775764
0 0 1 7.39 Actual Days / 360 Year-Days 662818
0 0 1 7.55 Actual Days / 360 Year-Days 379561
0 0 1 7.21 Actual Days / 360 Year-Days 730037
0 0 1 7.28 Actual Days / 360 Year-Days 298296
0 0 1 6.88 Actual Days / 360 Year-Days 2605088
0 0 1 7.14 Actual Days / 360 Year-Days 76299
0 0 1 7.14 Actual Days / 360 Year-Days 158115
0 0 1 7.47 30 Month-Days / 360 Year-Days 171166
0 0 1 7.35 Actual Days / 360 Year-Days 335023
0 0 1 7.14 Actual Days / 360 Year-Days 274628
0 0 1 7.27 Actual Days / 360 Year-Days 202264
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
dscr submitted Prepay description no of lockout date when prepayment
to rating agency LTVUW OCC%UW in text months lockout expires
DSCR CLTV OCC_PCT PREPAY LOTERM UNLOCKDT
================================================================================================================
<S> <C> <C> <C> <C> <C>
1.39 61 97 Lockout / 1 Year Open 108 1/1/07
1.39 61 99 Lockout / 1 Year Open 108 1/1/07
1.39 61 96 Lockout / 1 Year Open 108 1/1/07
1.39 61 92 Lockout / 1 Year Open 108 1/1/07
1.39 61 95 Lockout / 1 Year Open 108 1/1/07
1.39 61 91 Lockout / 1 Year Open 108 1/1/07
1.39 61 99 Lockout / 1 Year Open 108 1/1/07
1.39 61 99 Lockout / 1 Year Open 108 1/1/07
1.39 61 97 Lockout / 1 Year Open 108 1/1/07
1.39 61 97 Lockout / 1 Year Open 108 1/1/07
1.39 61 95 Lockout / 1 Year Open 108 1/1/07
1.39 61 98 Lockout / 1 Year Open 108 1/1/07
1.39 61 100 Lockout / 1 Year Open 108 1/1/07
1.39 61 88 Lockout / 1 Year Open 108 1/1/07
1.30 73 100 Greater of YM or 1% 48 07/01/02
1.30 74 100 Defeasance 36 08/01/01
1.31 72 100 Greater of YM or 1% 48 06/01/02
1.32 80 91 Defeasance 36 09/01/01
1.32 77 90 Greater of YM or 1% 48 07/01/02
1.32 75 100 Defeasance 36 09/01/01
1.34 81 99 Defeasance 36 08/01/01
1.34 80 100 Greater of YM or 1% 48 04/01/02
1.35 73 91 Greater of YM or 1% 48 04/01/02
1.40 75 100 Defeasance 31 11/01/00
1.40 70 100 Greater of YM or 1% 36 04/01/01
1.43 72 98 Defeasance 31 11/01/00
1.45 69 76 Greater of YM or 1% 48 04/01/02
1.45 80 100 Defeasance 36 07/01/01
1.48 80 92 Greater of YM or 1% 48 08/01/02
1.51 75 99 Defeasance 36 07/01/01
1.53 73 97 Defeasance 36 06/01/01
1.59 68 96 Defeasance 36 05/01/01
1.84 71 100 Defeasance 36 10/01/01
1.32 65 100 Greater of YM or 1% 48 10/01/02
1.34 80 100 Defeasance 36 09/01/01
1.35 65 100 Greater of YM or 1% 48 03/01/02
1.36 73 100 Greater of YM or 1% 48 06/01/02
1.42 78 98 Defeasance 36 08/01/01
1.49 62 100 Defeasance 36 10/01/01
1.52 74 98 Greater of YM or 1% 48 04/01/02
1.53 73 100 Defeasance 36 07/01/01
1.55 69 100 Greater of YM or 1% 72 04/01/04
1.60 67 100 Defeasance 36 04/01/01
1.71 60 100 Greater of YM or 1% 48 08/01/02
1.17 90 70 Defeasance 36 06/01/01
1.25 71 66 Defeasance 36 10/01/01
1.25 86 65 Defeasance 36 10/01/01
1.28 60 74 Defeasance 36 10/01/01
1.29 77 64 Defeasance 36 07/01/01
1.33 64 62 Defeasance 36 10/01/01
1.35 67 80 Defeasance 96 04/01/06
1.35 73 76 Greater of YM or 1% 48 05/01/02
1.35 69 100 Defeasance 36 03/01/01
1.17 71 94 Defeasance 30 11/01/00
1.20 76 92 Defeasance 36 09/01/01
1.27 79 91 Defeasance 36 03/01/01
1.27 78 97 Greater of YM or 1% 48 07/01/02
1.27 79 95 Greater of YM or 1% 48 07/01/02
1.28 86 93 Defeasance 36 07/01/01
1.28 78 85 Defeasance 36 08/01/01
1.31 79 97 Defeasance 36 08/01/01
1.31 80 96 Defeasance 31 11/01/00
1.32 77 95 Defeasance 36 07/01/01
1.32 79 100 Defeasance 36 03/01/01
1.32 85 93 Defeasance 36 05/01/01
1.32 76 Defeasance 36 09/01/01
1.34 73 100 Greater of YM or 1% 36 04/01/01
1.34 80 97 Defeasance 31 11/01/00
1.35 75 92 Greater of YM or 1% 48 06/01/02
1.35 77 99 Greater of YM or 1% 48 05/01/02
1.36 79 100 Greater of YM or 1% 48 05/01/02
1.37 74 99 Greater of YM or 1% 48 07/01/02
1.37 79 100 Defeasance 31 11/01/00
1.38 85 94 Defeasance 28 11/01/00
1.38 81 99 Defeasance 36 06/01/01
1.39 79 92 Yield Maintenance 48 05/01/02
1.39 80 95 Defeasance 36 09/01/01
1.40 80 97 Greater of YM or 1% 48 04/01/02
1.41 87 94 Defeasance 36 07/01/01
1.42 74 96 Defeasance 26 11/01/00
1.43 73 96 Defeasance 31 11/01/00
1.46 80 98 Defeasance 36 09/01/01
1.47 74 100 Defeasance 31 11/01/00
1.48 81 93 Defeasance 36 04/10/01
1.49 72 92 Greater of YM or 1% 48 04/01/02
1.49 80 93 Defeasance 36 05/01/01
1.49 80 96 Defeasance 36 09/01/01
1.50 70 94 Defeasance 36 05/01/01
1.51 76 97 Defeasance 31 11/01/00
1.55 79 98 Defeasance 36 08/01/01
1.60 69 100 Defeasance 36 05/01/01
1.62 80 100 Defeasance 36 04/01/01
1.62 77 93 Greater of YM or 1% 48 05/01/02
1.64 90 87 Defeasance 36 07/01/01
1.66 77 99 Defeasance 36 09/01/01
1.72 80 99 Defeasance 36 04/01/01
1.81 62 98 Greater of YM or 1% 48 08/01/02
1.87 62 88 Defeasance 36 08/01/01
1.38 50 84 Greater of YM or 1% 27 11/01/00
1.13 81 95 Greater of YM or 1% 36 10/01/01
1.23 75 87 Greater of YM or 1% 36 09/01/01
1.25 75 100 Greater of YM or 1% 48 06/01/02
1.25 60 100 Greater of YM or 1% 36 07/01/01
1.26 80 100 Defeasance 36 07/01/01
1.27 76 90 Greater of YM or 1% 48 06/01/02
1.46 75 100 Defeasance 36 09/01/01
1.47 71 96 Greater of YM or 1% 48 09/01/02
1.47 75 100 Greater of YM or 1% 48 07/01/02
1.48 67 100 Defeasance 36 03/01/01
1.50 72 90 Defeasance 36 10/01/01
1.50 75 100 Defeasance 25 11/01/00
1.51 73 91 Greater of YM or 1% 48 04/01/02
1.52 62 100 Defeasance 36 07/01/01
1.54 61 100 Greater of YM or 1% 36 09/01/01
1.57 64 100 Defeasance 36 07/01/01
1.58 70 94 Defeasance 30 11/01/00
1.64 67 78 Greater of YM or 1% 48 03/01/02
1.65 55 100 Greater of YM or 1% 48 08/01/02
1.76 66 88 Defeasance 36 03/01/01
2.14 49 100 Defeasance 33 11/01/00
1.27 77 89 Greater of YM or 1% 48 07/01/02
1.13 73 100 Greater of YM or 1% 48 06/01/02
1.26 70 100 Greater of YM or 1% 48 08/01/02
1.33 72 100 Greater of YM or 1% 48 04/01/02
1.35 77 95 Greater of YM or 1% 48 05/01/02
1.35 72 100 Greater of YM or 1% 36 10/01/01
1.36 65 100 Greater of YM or 1% 60 06/01/03
1.36 74 94 Defeasance 36 01/01/01
1.37 74 100 Defeasance 36 08/01/01
1.38 73 100 Greater of YM or 1% 48 08/05/02
1.40 73 100 Greater of YM or 1% 48 05/01/02
1.41 83 97 Greater of YM or 1% 48 10/01/02
1.41 59 99 Defeasance 28 11/01/00
1.43 74 100 Greater of YM or 1% 48 07/01/02
1.47 68 86 Defeasance 36 08/01/01
1.50 68 100 Defeasance 36 09/01/01
1.50 80 89 Defeasance 36 06/01/01
1.50 68 94 Greater of YM or 1% 36 04/01/01
1.50 71 100 Greater of YM or 1% 36 07/01/01
1.52 76 95 Defeasance 36 06/01/01
1.53 75 83 Defeasance 36 06/01/01
1.54 55 96 Greater of YM or 1% 48 09/01/02
1.54 75 89 Defeasance 36 05/01/01
1.54 79 86 Defeasance 36 10/01/01
1.59 68 89 Defeasance 36 10/01/01
1.61 74 100 Defeasance 36 10/01/01
1.61 75 86 Greater of YM or 1% 48 04/01/02
1.65 72 100 Defeasance 36 09/01/01
1.66 69 95 Defeasance 36 10/01/01
1.70 55 85 Defeasance 28 11/01/00
1.42
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
date when no of months yield date when yield no of months
no of months of defeasance of yield maintenace maintenace when loan is
defeasance expires maintenance type expires open to prepay
DEFTERM UNDEFDT YMTERM YMTYPE YMDT OPEN
========================================================================================================
<S> <C> <C> <C> <C> <C>
0 0 12
0 0 12
0 0 12
0 0 12
0 0 12
0 0 12
0 0 12
0 0 12
0 0 12
0 0 12
0 0 12
0 0 12
0 0 12
0 0 12
0 66 12/01/07 6
84 07/31/08 0 0
0 66 11/01/07 6
324 09/01/08 0 0
0 66 12/01/07 6
78 03/01/08 0 6
81 05/01/08 0 3
0 67 10/01/07 6
0 66 09/01/07 6
85 12/01/07 0 4
0 78 09/01/07 6
83 10/01/07 0 6
0 66 09/01/07 6
78 01/01/08 0 6
0 66 01/01/08 6
78 01/01/08 0 6
78 12/01/07 0 6
81 02/01/08 0 3
78 04/01/08 0 6
0 66 03/01/08 6
81 06/01/08 0 3
0 66 08/01/07 6
0 66 11/01/07 6
321 05/01/08 0 3
78 04/01/08 0 6
0 66 09/01/07 6
323 06/01/08 0 1
0 42 09/01/07 6
78 09/01/07 0 6
0 66 01/01/08 6
83 05/01/08 0 1
81 06/01/08 0 3
81 06/01/08 0 3
81 06/01/08 0 3
78 01/01/08 0 6
81 06/01/08 0 3
24 03/01/08 0 0
0 66 10/01/07 6
78 08/01/07 0 6
90 05/01/08 0 0
81 05/01/08 0 3
78 08/01/07 0 6
0 66 12/01/07 6
0 66 12/01/07 6
81 04/01/08 0 3
81 05/01/08 0 3
81 05/01/08 0 3
83 10/01/07 0 6
81 04/01/08 0 3
288 03/01/08 0 0
78 10/01/07 0 6
81 05/01/08 0 3
0 78 10/01/07 6
83 10/01/07 0 6
0 66 11/01/07 6
0 66 10/01/07 6
0 66 10/01/07 6
0 68 02/01/08 4
83 10/01/07 0 6
91 06/01/08 0 1
84 06/01/08 0 0
0 66 10/01/07 6
78 03/01/08 0 6
0 66 09/01/07 6
83 06/01/08 0 1
88 03/01/08 0 6
83 10/01/07 0 6
78 03/01/08 0 6
83 10/01/07 0 6
81 01/10/08 0 3
0 66 09/01/07 6
78 10/01/07 0 6
78 03/01/08 0 6
83 04/01/08 0 1
83 10/01/07 0 6
78 02/01/08 0 6
78 11/01/07 0 6
81 01/01/08 0 3
0 66 10/01/07 6
83 06/01/08 0 1
78 03/01/08 0 6
81 01/01/08 0 3
0 66 01/01/08 6
81 05/01/08 0 3
0 92 07/01/08 1
0 78 03/01/08 6
0 78 02/01/08 6
0 66 11/01/07 6
0 78 12/01/07 6
42 01/01/05 0 6
0 66 11/01/07 6
78 03/01/08 0 6
0 66 02/01/08 6
0 66 12/01/07 6
84 02/28/08 0 0
78 03/01/08 0 6
89 04/01/08 0 6
0 66 09/01/07 6
78 12/01/07 0 6
0 78 03/01/08 6
78 01/01/08 0 6
84 11/01/07 0 6
0 66 08/01/07 6
0 66 01/01/08 6
84 02/28/08 0 0
81 08/01/07 0 6
0 66 12/01/07 6
0 54 11/01/06 18
0 66 01/01/08 6
0 66 09/01/07 6
0 66 10/01/07 6
0 78 03/01/08 6
0 54 11/01/07 6
78 06/01/07 0 6
83 07/01/08 0 1
0 66 01/05/08 6
0 66 10/01/07 6
0 66 03/01/08 6
91 06/01/08 0 1
0 66 12/01/07 6
78 01/01/08 0 6
78 03/01/08 0 6
78 11/04/07 0 6
0 78 09/01/07 6
0 78 12/01/07 6
78 12/01/07 0 6
83 05/01/08 0 1
0 66 02/01/08 6
81 02/01/08 0 3
81 07/01/08 0 3
78 04/01/08 0 6
78 04/01/08 0 6
0 66 09/01/07 6
78 03/01/08 0 6
78 04/01/08 0 6
91 06/01/08 0 1
</TABLE>
<PAGE>
AMRESCO Commercial Mortgage Funding I Corp. Mortgage Pass-Through
Certificates Series 1998-C-2
Amresco / Goldman
NOTICE TO ALL POTENTIAL INVESTORS
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This 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. INFORMATION CONTAINED IN THIS MATERIAL IS CURRENT AS OF
THE DATE APPEARING ON THIS MATERIAL ONLY. INFORMATION IN THIS MATERIAL
REGARDING ANY ASSETS BACKING ANY SECURITIES DISCUSSED HEREIN SUPERSEDES ALL
PRIOR INFORMATION REGARDING SUCH ASSETS. ALL INFORMATION IN THIS TERM SHEET,
WHETHER REGARDING THE ASSETS BACKING ANY SECURITIES DISCUSSED HEREIN OR
OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION CONTAINED IN ANY FINAL
PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
This material is furnished to you by Goldman, Sachs & Co. and not by the issuer
of the securities. Goldman, Sachs & Co. is acting as the sole lead underwriter
and not acting as agent for the issuer or its affiliates in connection with the
proposed transaction. The issuer has not prepared or taken part in the
preparation of these materials.
<PAGE>
<TABLE>
<CAPTION>
LOANID Basic Property Types Property Name CITY STATE
ANUM PTYPE PROPNM CITY STATE
==============================================================================================================================
<S> <C> <C> <C> <C>
TBD1B Multifamily VMS-The Bluffs Apartments Milwaukee OR
TBD1C Multifamily VMS-Buena Vista Apartments Pasadena CA
TBD1D Multifamily VMS-Casa De Monterey Norwalk CA
TBD1E Multifamily VMS-Chappelle Le Grande Merrillville IN
TBD1F Multifamily VMS-Crosswood Park Apartments Citrus Heights CA
TBD1G Multifamily VMS-Forest Ridge Apartments Flagstaff AZ
TBD1H Multifamily VMS-Mountain View Apartments San Dimas CA
TBD1I Multifamily VMS-North Park Apartments Evansville IN
TBD1J Multifamily VMS-Pathfinder Village Fremont CA
TBD1K Multifamily VMS-Shadowood Apartments Monroe LA
TBD1L Multifamily VMS-Terrace Gardens Apartments Omaha NE
TBD1M Multifamily VMS-Towers of Westchester College Park MD
TBD1N Multifamily VMS-Vista Village Apartments El Paso TX
TBD1O Multifamily VMS-Watergate Apartments Little Rock AR
400029191 Anchored Retail Staples - Burlington West Burlington IA
R0315 Anchored Retail Kroger Plaza Winchester KY
400029201 Anchored Retail Hills Dunkirk Shopping Center Dunkirk NY
09-0001128 Anchored Retail Factory Stores at Hershey Hershey PA
400029207 Anchored Retail Northway Plaza Shopping Center Queensbury NY
R0480 Anchored Retail Best Buy Retail Facility Westland MI
09-0001122 Anchored Retail Sequoia Plaza Shopping Center Visalia CA
400029154 Anchored Retail K-Mart Dundas Dundas MN
400029134 Anchored Retail Middletown Shopping Center Middletown OH
R0254 Anchored Retail Silver Spring Plaza Providence RI
400029121 Anchored Retail Saxon Center Orange City FL
R0304 Anchored Retail Alturas Plaza Hailey ID
400029148 Anchored Retail Kentwood Marketplace Kentwood MI
R0514 Anchored Retail Metzerott Plaza Adelphi MD
400029274 Anchored Retail Valley Oaks Shopping Center Valley Springs CA
R0464 Anchored Retail Sunshine Heights Shopping Cent West Monroe LA
R0412 Anchored Retail Galion West Shopping Center Galion OH
09-0001037 Anchored Retail Wenatchee Valley Mall East Wenatchee WA
R0463 Anchored Retail Ruston Center Ruston LA
400030893 Industrial Prospect Industrial North Brunswick NJ
09-0001111 Industrial Figueroa Business Park Gardena CA
400029145 Industrial West Pacific Industrial Center Salinas CA
400029205 Industrial Walden Hurd Business Complex Cheektowaga NY
09-0001085 Industrial Somerset Workshops Seattle WA
MU0114 Industrial Murphy Road Business Center Stafford TX
400029149 Industrial Ames Business Center Burnsville MN
09-0001086 Industrial OM Bernardo Industrial Complex San Diego CA
400029184 Industrial Alford Refrigerated Warehouse La Porte TX
400028305 Industrial Bowman Business Park Little Rock AR
400029294 Industrial 5775 Polaris/3475 Russell Las Vegas NV
09-0001065 Lodging Best Western - Rio Rancho Rio Rancho NM
400030964 Lodging Holiday Inn - Hudson Hudson OH
400030965 Lodging Holiday Inn - Independence Independence OH
400030966 Lodging Holiday Inn - North Canton North Canton OH
L0184 Lodging Super 8 Motel - North Point North Myrtle Beach SC
400030967 Lodging Comfort Inn - Montrose West Copley Township OH
400029158 Lodging Holiday Inn Express Overland Park KS
400029190 Lodging Super 8 Universal Hotel Orlando FL
400029157 Mixed Use Eubank Albuquerque NM
M0171 Multifamily Fremont Garden Apartments Fremont CA
400031048 Multifamily Palm Springs Village Apartment Palm Springs CA
400029169 Multifamily Braden Creek Apartments Tulsa OK
400029232 Multifamily Riverside Village Apartments Puyallup WA
400029257 Multifamily Indian Lookout Apartments Cincinnati OH
09-0001070 Multifamily Sierra Trails Apartments Ft. Worth TX
400031123 Multifamily Whitewood Oaks Apartments San Antonio TX
09-0001123 Multifamily Springdale Villa Apartments Westminister CA
M0290 Multifamily Geneva Apartments Sauk Rapids MN
09-0001084 Multifamily Westwood Apartments Fort Worth TX
400029139 Multifamily Redstone Apartments Burlington VT
400029208 Multifamily Summit Apartments Jenks OK
400029306 Multifamily University Gardens Apartments Austin TX
M0220 Multifamily 121 Seaman Avenue New York NY
M0262 Multifamily Oakwood Heights Apartments St. Cloud MN
400029182 Multifamily Chatham Street Apartments Lynn MA
400029183 Multifamily Fairlawn Gardens Apartments Martinsburg WV
400028269 Multifamily Westmoor Apartments Findlay OH
400029252 Multifamily Cimarron Apartments Oakland Park FL
M0263 Multifamily Country Acres Apartments Sartell MN
09-0001051 Multifamily Town View Apartments Dallas TX
M0415 Multifamily Northridge Villa Apartments Salinas CA
400029178 Multifamily 422 Mystic Avenue Sommerville MA
M0537 Multifamily Cedar Shores Apartments Jacksonville FL
400029137 Multifamily Shirley Court Apartments Upper Darby PA
09-0001075 Multifamily Shadow Glen Apartments Dallas TX
M0514 Multifamily Hobbits Grove Apartments Columbia MD
M0288 Multifamily Southview Apartments Sartell MN
M0443 Multifamily Tree House Apartments Orange Park FL
M0289 Multifamily The Crossings Apartments St. Cloud MN
09-0001042 Multifamily Briarwood Village Apartments Houston TX
400029168 Multifamily The Eagle Crest Townhome Apts. San Antonio TX
400029202 Multifamily Villa Acapulco Apartments Houston TX
M0364 Multifamily Riverchase Apartments Robinsonville MS
09-0001045 Multifamily Westbury Park Apartments Marietta GA
M0264 Multifamily Executive East Apartments St. Cloud MN
M0330 Multifamily Acadian House Apartments Lafayette LA
M0172 Multifamily Roxbury Crossing Apartments Boston MA
09-0001036 Multifamily McKinney Avenue Apartments Dallas TX
400029185 Multifamily Spring Heights Fourplexes College Station TX
09-0001082 Multifamily Canterbury Village Apartments Dallas TX
M0462 Multifamily Cottonwood Cabanas Apartments Memphis TN
09-0001035 Multifamily The Mason Apartments Dallas TX
400029299 Multifamily Ogden Manor Apartments Naperville IL
09-0001107 Multifamily Southgate Suites & Apartments Columbus GA
09-0001106 Nursing Home, Skilled Bay Area Rehab Coos Bay OR
400030935 Office Heritage Place Office Building Nashville, TN
400029311 Office Prime Plaza Boynton Beach FL
400029156 Office 4300 Biscayne Boulevard Miami FL
400029223 Office 560 Fifth Avenue New York NY
O0179 Office Sharp Mission Park Medical Ctr Vista CA
400029172 Office The Armory West Hartford CT
O0359 Office CED Office Building Maitland FL
400029253 Office 1616 West Shaw Fresno CA
400029235 Office The Arbour Building Pompano Beach FL
O0259 Office Harbor Bay Biotech Building Alameda CA
400030934 Office Woodwinds Office Center Livonia MI
O0422 Office 25 Enterprise Center Middletown RI
400029119 Office Horizon Office Portfolio Mt. Pleasant WI
400029210 Office Litchfield Park Plaza Avondale AZ
O0541 Office Leawood Corporate Manor IV Leawood KS
O0253 Office Country Club Court - Building Provo UT
O0311 Office Dunwoody Office Park Atlanta GA
400029129 Office Century Medical Center Hawthorne CA
400029262 Office Colwell Building Minneapolis MN
O0148 Office Laurel Executive Building Laurel MD
O0265 Office Westport Corporate Office Park Westport CT
400029250 Self-Storage Highland Business Park Springfield VA
400029200 Special Purpose Exchange St. Parking Ramp Buffalo NY
400029216 Special Purpose Jiffy Lube Building Omaha NE
400029180 Unanchored Retail Blue Ash Shopping Center Blue Ash OH
400029204 Unanchored Retail Fountain Plaza Shopping Center Bakersfield CA
400030913 Unanchored Retail 761 7th Avenue New York NY
400029187 Unanchored Retail Advance Auto Parts - Anniston Anniston AL
400028277 Unanchored Retail South Park Centre Miami FL
09-0001091 Unanchored Retail Larchmont Boulevard Building Los Angeles CA
400029246 Unanchored Retail Columbia East Dundee Shopping East Dundee IL
400029189 Unanchored Retail 25 E. 83rd Street New York NY
400030915 Unanchored Retail The Saddlery Office Building Milwaukee WI
09-0001072 Unanchored Retail Angleton Plaza Angleton TX
400029209 Unanchored Retail Centennial Square Shopping Cen Littleton CO
400029251 Unanchored Retail Laurelwood Collection Shopping Memphis TN
R0497 Unanchored Retail The Canary Creek Shoppes Franklin IN
R0297 Unanchored Retail Parc City Centre Sterling VA
400029171 Unanchored Retail Malibu Canyon Commercial Ctr. Calabasas CA
400029221 Unanchored Retail 250 East 65th Street New York NY
R0311 Unanchored Retail Lakes Specialty Center Folsom CA
09-0001056 Unanchored Retail Sonesta West Shopping Center Austin TX
400030867 Unanchored Retail Arcadia Landmark Arcadia CA
09-0001038 Unanchored Retail Brandon Lakes Plaza Brandon FL
09-0001168 Unanchored Retail The Original Outlet Mall Bristol WI
R0886 Unanchored Retail Plaza del Oro Shopping Center Houston TX
R0887 Unanchored Retail Southside Village Shopping Cen Conroe TX
400029126 Unanchored Retail Shiloh Place Shopping Center Kennesaw GA
R0597 Unanchored Retail Benchmark Shopping Center Columbus OH
MU0036 Unanchored Retail Bear Creek Specialty Center Houston TX
09-0001073 Unanchored Retail Ridgecrest Shopping Center Houston TX
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
LOANID Basic Property Types ORIGINATION/FUNDDATE Actual Maturity Date hyperamortization flag original term
ANUM PTYPE ODATE ACT_MDT hyperam OTERM
==================================================================================================================================
<S> <C> <C> <C> <C> <C>
TBD1B Multifamily 12/29/97 01/01/08 0 120
TBD1C Multifamily 12/29/97 01/01/08 0 120
TBD1D Multifamily 12/29/97 01/01/08 0 120
TBD1E Multifamily 12/29/97 01/01/08 0 120
TBD1F Multifamily 12/29/97 01/01/08 0 120
TBD1G Multifamily 12/29/97 01/01/08 0 120
TBD1H Multifamily 12/29/97 01/01/08 0 120
TBD1I Multifamily 12/29/97 01/01/08 0 120
TBD1J Multifamily 12/29/97 01/01/08 0 120
TBD1K Multifamily 12/29/97 01/01/08 0 120
TBD1L Multifamily 12/29/97 01/01/08 0 120
TBD1M Multifamily 12/29/97 01/01/08 0 120
TBD1N Multifamily 12/29/97 01/01/08 0 120
TBD1O Multifamily 12/29/97 01/01/08 0 120
400029191 Anchored Retail 05/01/98 06/01/08 0 120
R0315 Anchored Retail 07/10/98 07/31/08 0 120
400029201 Anchored Retail 04/14/98 05/01/08 0 120
09-0001128 Anchored Retail 08/07/98 09/01/08 1 360
400029207 Anchored Retail 05/21/98 06/01/08 0 120
R0480 Anchored Retail 08/03/98 09/01/08 0 120
09-0001122 Anchored Retail 07/31/98 08/01/08 0 120
400029154 Anchored Retail 02/05/98 04/01/08 0 121
400029134 Anchored Retail 02/27/98 03/01/08 0 120
R0254 Anchored Retail 03/05/98 04/01/08 0 120
400029121 Anchored Retail 02/06/98 03/01/08 0 120
R0304 Anchored Retail 03/16/98 04/01/08 0 120
400029148 Anchored Retail 02/26/98 03/01/08 0 120
R0514 Anchored Retail 06/29/98 07/01/08 0 120
400029274 Anchored Retail 06/16/98 07/01/08 0 120
R0464 Anchored Retail 06/25/98 07/01/08 0 120
R0412 Anchored Retail 05/04/98 06/01/08 0 120
09-0001037 Anchored Retail 04/30/98 05/01/08 0 120
R0463 Anchored Retail 09/15/98 10/01/08 0 120
400030893 Industrial 08/14/98 09/01/08 0 120
09-0001111 Industrial 08/11/98 09/01/08 0 120
400029145 Industrial 01/12/98 02/01/08 0 120
400029205 Industrial 04/03/98 05/01/08 0 120
09-0001085 Industrial 07/28/98 08/01/08 1 360
MU0114 Industrial 09/04/98 10/01/08 0 120
400029149 Industrial 02/27/98 03/01/08 0 120
09-0001086 Industrial 06/30/98 07/01/08 1 360
400029184 Industrial 02/06/98 03/01/08 0 120
400028305 Industrial 02/06/98 03/01/08 0 120
400029294 Industrial 06/16/98 07/01/08 0 120
09-0001065 Lodging 05/08/98 06/01/08 0 120
400030964 Lodging 08/14/98 09/01/08 0 120
400030965 Lodging 08/14/98 09/01/08 0 120
400030966 Lodging 08/14/98 09/01/08 0 120
L0184 Lodging 06/17/98 07/01/08 0 120
400030967 Lodging 08/14/98 09/01/08 0 120
400029158 Lodging 02/05/98 03/01/08 0 120
400029190 Lodging 03/31/98 04/01/08 0 120
400029157 Mixed Use 01/23/98 02/01/08 0 120
M0171 Multifamily 04/28/98 05/01/08 0 120
400031048 Multifamily 07/31/98 08/01/08 0 120
400029169 Multifamily 01/28/98 02/01/08 0 120
400029232 Multifamily 05/15/98 06/01/08 0 120
400029257 Multifamily 05/28/98 06/01/08 0 120
09-0001070 Multifamily 06/04/98 07/01/08 0 120
400031123 Multifamily 07/31/98 08/01/08 0 120
09-0001123 Multifamily 07/31/98 08/01/08 0 120
M0290 Multifamily 03/26/98 04/01/08 0 120
09-0001084 Multifamily 06/30/98 07/01/08 0 120
400029139 Multifamily 02/23/98 03/01/08 1 324
400029208 Multifamily 03/19/98 04/01/08 0 120
400029306 Multifamily 07/02/98 08/01/08 0 120
M0220 Multifamily 03/31/98 04/01/08 0 120
M0262 Multifamily 03/26/98 04/01/08 0 120
400029182 Multifamily 04/02/98 05/01/08 0 120
400029183 Multifamily 03/20/98 04/01/08 0 120
400028269 Multifamily 03/13/98 04/01/08 0 120
400029252 Multifamily 05/08/98 06/01/08 0 120
M0263 Multifamily 03/25/98 04/01/08 0 120
09-0001051 Multifamily 06/09/98 07/01/08 0 120
M0415 Multifamily 05/29/98 06/01/08 0 120
400029178 Multifamily 03/10/98 04/01/08 0 120
M0537 Multifamily 08/27/98 09/01/08 0 120
400029137 Multifamily 02/25/98 03/01/08 0 120
09-0001075 Multifamily 06/09/98 07/01/08 0 120
M0514 Multifamily 09/01/98 09/01/08 0 120
M0288 Multifamily 03/25/98 04/01/08 0 120
M0443 Multifamily 08/27/98 09/01/08 0 120
M0289 Multifamily 03/25/98 04/01/08 0 120
09-0001042 Multifamily 04/08/98 04/10/08 0 120
400029168 Multifamily 02/13/98 03/01/08 0 120
400029202 Multifamily 03/04/98 04/01/08 0 120
M0364 Multifamily 08/07/98 09/01/08 0 120
09-0001045 Multifamily 04/16/98 05/01/08 0 120
M0264 Multifamily 03/25/98 04/01/08 0 120
M0330 Multifamily 07/20/98 08/01/08 0 120
M0172 Multifamily 04/08/98 05/01/08 0 120
09-0001036 Multifamily 03/19/98 04/01/08 0 120
400029185 Multifamily 03/12/98 04/01/08 0 120
09-0001082 Multifamily 06/16/98 07/01/08 0 120
M0462 Multifamily 08/05/98 09/01/08 0 120
09-0001035 Multifamily 03/19/98 04/01/08 0 120
400029299 Multifamily 06/30/98 07/01/08 0 120
09-0001107 Multifamily 07/13/98 08/01/08 0 120
09-0001106 Nursing Home, Skilled 07/09/98 08/01/08 0 120
400030935 Office 08/12/98 09/01/08 0 120
400029311 Office 07/02/98 08/01/08 0 120
400029156 Office 04/06/98 05/01/08 0 120
400029223 Office 05/08/98 06/01/08 0 120
O0179 Office 06/29/98 07/01/05 0 84
400029172 Office 04/24/98 05/01/08 0 120
O0359 Office 08/18/98 09/01/08 0 120
400029253 Office 07/23/98 08/01/08 0 120
400029235 Office 05/15/98 06/01/08 0 120
O0259 Office 02/02/98 02/28/08 0 120
400030934 Office 08/25/98 09/01/08 0 120
O0422 Office 09/04/98 10/01/08 0 120
400029119 Office 02/26/98 03/01/08 0 120
400029210 Office 05/18/98 06/01/08 0 120
O0541 Office 08/19/98 09/01/08 0 120
O0253 Office 06/09/98 07/01/08 0 120
O0311 Office 04/06/98 05/01/08 0 120
400029129 Office 01/07/98 02/01/08 0 120
400029262 Office 06/30/98 07/01/08 0 120
O0148 Office 02/17/98 02/28/08 0 120
O0265 Office 01/27/98 02/01/08 0 120
400029250 Self-Storage 05/21/98 06/01/08 0 120
400029200 Special Purpose 04/30/98 05/01/08 0 120
400029216 Special Purpose 06/08/98 07/01/08 0 120
400029180 Unanchored Retail 02/18/98 03/01/08 0 120
400029204 Unanchored Retail 03/26/98 04/01/08 0 120
400030913 Unanchored Retail 08/20/98 09/01/08 0 120
400029187 Unanchored Retail 04/09/98 05/01/08 0 120
400028277 Unanchored Retail 11/13/97 12/01/07 0 120
09-0001091 Unanchored Retail 07/09/98 08/01/08 0 120
400029246 Unanchored Retail 06/10/98 07/05/08 0 120
400029189 Unanchored Retail 03/24/98 04/01/08 0 120
400030915 Unanchored Retail 08/03/98 09/01/08 0 120
09-0001072 Unanchored Retail 06/17/98 07/01/08 0 120
400029209 Unanchored Retail 05/06/98 06/01/08 0 120
400029251 Unanchored Retail 06/30/98 07/01/08 0 120
R0497 Unanchored Retail 08/24/98 09/01/08 0 120
R0297 Unanchored Retail 05/04/98 06/01/08 0 120
400029171 Unanchored Retail 02/27/98 03/01/08 0 120
400029221 Unanchored Retail 05/08/98 06/01/08 0 120
R0311 Unanchored Retail 05/22/98 06/01/08 0 120
09-0001056 Unanchored Retail 05/06/98 06/01/08 0 120
400030867 Unanchored Retail 07/24/98 08/01/08 0 120
09-0001038 Unanchored Retail 04/02/98 05/01/08 0 120
09-0001168 Unanchored Retail 09/15/98 10/01/08 0 120
R0886 Unanchored Retail 09/04/98 10/01/08 0 120
R0887 Unanchored Retail 09/04/98 10/01/08 0 120
400029126 Unanchored Retail 02/13/98 03/01/08 0 120
R0597 Unanchored Retail 08/17/98 09/01/08 0 120
MU0036 Unanchored Retail 09/04/98 10/01/08 0 120
09-0001073 Unanchored Retail 06/17/98 07/01/08 0 120
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
original remaining
amortization amortization remaining
LOANID Basic Property Types term term term Original Balance
ANUM PTYPE OATERM ATERM RTERM OBAL
================================================================================================================================
<S> <C> <C> <C> <C> <C>
TBD1B Multifamily 320 311 111 3,775,357.00
TBD1C Multifamily 320 311 111 5,022,519.00
TBD1D Multifamily 320 311 111 4,158,597.00
TBD1E Multifamily 320 311 111 3,253,311.00
TBD1F Multifamily 320 311 111 5,645,175.00
TBD1G Multifamily 320 311 111 5,981,972.00
TBD1H Multifamily 320 311 111 7,256,664.00
TBD1I Multifamily 320 311 111 6,339,064.00
TBD1J Multifamily 320 311 111 13,649,475.00
TBD1K Multifamily 320 311 111 2,282,858.00
TBD1L Multifamily 320 311 111 4,501,649.00
TBD1M Multifamily 320 311 111 12,286,057.00
TBD1N Multifamily 320 311 111 3,367,764.00
TBD1O Multifamily 320 311 111 2,938,354.00
400029191 Anchored Retail 360 356 116 1,960,000.00
R0315 Anchored Retail 360 358 118 4,200,000.00
400029201 Anchored Retail 300 295 115 2,380,000.00
09-0001128 Anchored Retail 360 359 119 25,600,000.00
400029207 Anchored Retail 360 356 116 12,800,000.00
R0480 Anchored Retail 360 359 119 1,800,000.00
09-0001122 Anchored Retail 360 358 118 14,200,000.00
400029154 Anchored Retail 360 353 114 3,110,000.00
400029134 Anchored Retail 360 353 113 4,500,000.00
R0254 Anchored Retail 360 354 114 2,175,000.00
400029121 Anchored Retail 360 353 113 3,740,000.00
R0304 Anchored Retail 360 354 114 3,600,000.00
400029148 Anchored Retail 360 353 113 2,250,000.00
R0514 Anchored Retail 360 357 117 5,120,000.00
400029274 Anchored Retail 360 357 117 4,880,000.00
R0464 Anchored Retail 360 357 117 4,500,000.00
R0412 Anchored Retail 300 296 116 1,475,000.00
09-0001037 Anchored Retail 360 355 115 10,200,000.00
R0463 Anchored Retail 360 360 120 4,850,000.00
400030893 Industrial 360 359 119 2,000,000.00
09-0001111 Industrial 360 359 119 3,700,000.00
400029145 Industrial 300 292 112 2,400,000.00
400029205 Industrial 360 355 115 6,100,000.00
09-0001085 Industrial 360 358 118 1,550,000.00
MU0114 Industrial 300 300 120 615,000.00
400029149 Industrial 360 353 113 2,950,000.00
09-0001086 Industrial 360 357 117 3,451,000.00
400029184 Industrial 300 293 113 5,400,000.00
400028305 Industrial 360 353 113 3,650,000.00
400029294 Industrial 240 237 117 2,000,000.00
09-0001065 Lodging 300 296 116 5,400,000.00
400030964 Lodging 300 299 119 13,300,000.00
400030965 Lodging 300 299 119 21,800,000.00
400030966 Lodging 300 299 119 5,400,000.00
L0184 Lodging 300 297 117 2,075,000.00
400030967 Lodging 300 299 119 3,500,000.00
400029158 Lodging 300 293 113 2,850,000.00
400029190 Lodging 300 294 114 3,180,000.00
400029157 Mixed Use 300 292 112 2,500,000.00
M0171 Multifamily 360 355 115 9,400,000.00
400031048 Multifamily 360 358 118 4,600,000.00
400029169 Multifamily 360 352 112 4,750,000.00
400029232 Multifamily 360 356 116 4,000,000.00
400029257 Multifamily 360 356 116 4,800,000.00
09-0001070 Multifamily 360 357 117 1,800,000.00
400031123 Multifamily 360 358 118 1,800,000.00
09-0001123 Multifamily 360 358 118 10,050,000.00
M0290 Multifamily 360 354 114 1,325,000.00
09-0001084 Multifamily 360 357 117 2,275,000.00
400029139 Multifamily 324 317 113 5,200,000.00
400029208 Multifamily 360 354 114 2,200,000.00
400029306 Multifamily 360 358 118 3,950,000.00
M0220 Multifamily 360 354 114 1,325,000.00
M0262 Multifamily 360 354 114 1,328,000.00
400029182 Multifamily 360 355 115 1,500,000.00
400029183 Multifamily 360 354 114 2,300,000.00
400028269 Multifamily 360 354 114 2,150,000.00
400029252 Multifamily 300 296 116 3,850,000.00
M0263 Multifamily 360 354 114 3,100,000.00
09-0001051 Multifamily 360 357 117 2,040,000.00
M0415 Multifamily 360 356 116 3,960,000.00
400029178 Multifamily 360 354 114 3,500,000.00
M0537 Multifamily 360 359 119 2,720,000.00
400029137 Multifamily 300 293 113 3,600,000.00
09-0001075 Multifamily 360 357 117 1,064,000.00
M0514 Multifamily 360 359 119 11,850,000.00
M0288 Multifamily 360 354 114 1,050,000.00
M0443 Multifamily 360 359 119 2,400,000.00
M0289 Multifamily 360 354 114 1,000,000.00
09-0001042 Multifamily 360 354 114 9,800,000.00
400029168 Multifamily 300 293 113 1,550,000.00
400029202 Multifamily 360 354 114 4,560,000.00
M0364 Multifamily 360 359 119 960,000.00
09-0001045 Multifamily 360 355 115 3,000,000.00
M0264 Multifamily 360 354 114 1,750,000.00
M0330 Multifamily 360 358 118 4,500,000.00
M0172 Multifamily 300 295 115 625,000.00
09-0001036 Multifamily 360 354 114 590,750.00
400029185 Multifamily 360 354 114 1,760,000.00
09-0001082 Multifamily 360 357 117 5,482,500.00
M0462 Multifamily 360 359 119 8,740,000.00
09-0001035 Multifamily 360 354 114 697,000.00
400029299 Multifamily 360 357 117 4,000,000.00
09-0001107 Multifamily 360 358 118 2,985,000.00
09-0001106 Nursing Home, Skilled 300 298 118 2,520,000.00
400030935 Office 360 359 119 8,660,000.00
400029311 Office 300 298 118 1,600,000.00
400029156 Office 360 355 115 2,100,000.00
400029223 Office 360 356 116 3,250,000.00
O0179 Office 360 357 81 10,700,000.00
400029172 Office 360 355 115 5,730,000.00
O0359 Office 360 359 119 4,500,000.00
400029253 Office 360 358 118 1,100,000.00
400029235 Office 300 296 116 1,250,000.00
O0259 Office 360 353 113 3,375,000.00
400030934 Office 300 299 119 1,400,000.00
O0422 Office 360 360 120 3,600,000.00
400029119 Office 360 353 113 2,600,000.00
400029210 Office 360 356 116 1,050,000.00
O0541 Office 300 299 119 1,150,000.00
O0253 Office 300 297 117 1,350,000.00
O0311 Office 360 355 115 9,500,000.00
400029129 Office 360 352 112 3,700,000.00
400029262 Office 300 297 117 4,500,000.00
O0148 Office 360 353 113 6,600,000.00
O0265 Office 112 8,000,000.00
400029250 Self-Storage 300 296 116 3,157,000.00
400029200 Special Purpose 180 175 115 4,500,000.00
400029216 Special Purpose 300 297 117 2,200,000.00
400029180 Unanchored Retail 300 293 113 1,440,000.00
400029204 Unanchored Retail 360 354 114 2,250,000.00
400030913 Unanchored Retail 360 359 119 14,500,000.00
400029187 Unanchored Retail 360 355 115 2,425,000.00
400028277 Unanchored Retail 360 350 110 7,700,000.00
09-0001091 Unanchored Retail 360 358 118 1,400,000.00
400029246 Unanchored Retail 360 357 117 525,000.00
400029189 Unanchored Retail 360 354 114 3,025,000.00
400030915 Unanchored Retail 360 359 119 2,500,000.00
09-0001072 Unanchored Retail 360 357 117 1,690,000.00
400029209 Unanchored Retail 300 296 116 2,650,000.00
400029251 Unanchored Retail 360 357 117 5,350,000.00
R0497 Unanchored Retail 360 359 119 1,475,000.00
R0297 Unanchored Retail 360 356 116 6,500,000.00
400029171 Unanchored Retail 360 353 113 5,000,000.00
400029221 Unanchored Retail 360 356 116 6,220,000.00
R0311 Unanchored Retail 360 356 116 5,250,000.00
09-0001056 Unanchored Retail 360 356 116 2,950,000.00
400030867 Unanchored Retail 300 298 118 5,470,000.00
09-0001038 Unanchored Retail 360 355 115 2,360,000.00
09-0001168 Unanchored Retail 360 360 120 21,500,000.00
R0886 Unanchored Retail 300 300 120 560,000.00
R0887 Unanchored Retail 300 300 120 1,145,000.00
400029126 Unanchored Retail 300 293 113 1,200,000.00
R0597 Unanchored Retail 360 359 119 2,460,000.00
MU0036 Unanchored Retail 300 300 120 1,930,000.00
09-0001073 Unanchored Retail 300 297 117 1,370,000.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
payment
LOANID Basic Property Types Current Balance per month loan type RATETYPE
ANUM PTYPE pbal pi lntype RATETYPE
===================================================================================================================================
<S> <C> <C> <C> <C> <C>
TBD1B Multifamily 3,746,170.13 29,860.04 Amortizing Balloon Fixed
TBD1C Multifamily 4,983,690.45 39,724.09 Amortizing Balloon Fixed
TBD1D Multifamily 4,126,447.34 32,891.16 Amortizing Balloon Fixed
TBD1E Multifamily 3,228,160.01 25,731.08 Amortizing Balloon Fixed
TBD1F Multifamily 5,601,532.77 44,648.80 Amortizing Balloon Fixed
TBD1G Multifamily 5,935,726.03 47,312.59 Amortizing Balloon Fixed
TBD1H Multifamily 7,200,563.52 57,394.38 Amortizing Balloon Fixed
TBD1I Multifamily 6,290,057.39 50,136.90 Amortizing Balloon Fixed
TBD1J Multifamily 13,543,952.40 107,956.38 Amortizing Balloon Fixed
TBD1K Multifamily 2,265,209.47 18,055.57 Amortizing Balloon Fixed
TBD1L Multifamily 4,466,847.24 35,604.43 Amortizing Balloon Fixed
TBD1M Multifamily 12,191,074.83 97,712.84 Amortizing Balloon Fixed
TBD1N Multifamily 3,341,728.18 26,636.31 Amortizing Balloon Fixed
TBD1O Multifamily 2,915,637.91 23,240.02 Amortizing Balloon Fixed
400029191 Anchored Retail 1,955,115.00 13,879.50 Amortizing Balloon Fixed
R0315 Anchored Retail 4,193,946.00 27,999.14 Amortizing Balloon Fixed
400029201 Anchored Retail 2,368,055.00 17,774.18 Amortizing Balloon Fixed
09-0001128 Anchored Retail 25,580,579.00 177,074.61 Hyperamortizing Fixed
400029207 Anchored Retail 12,765,411.00 87,840.08 Amortizing Balloon Fixed
R0480 Anchored Retail 1,798,672.00 12,622.83 Amortizing Balloon Fixed
09-0001122 Anchored Retail 14,180,655.00 96,869.03 Amortizing Balloon Fixed
400029154 Anchored Retail 3,093,076.00 21,448.21 Amortizing Balloon Fixed
400029134 Anchored Retail 4,474,681.00 30,515.00 Amortizing Balloon Fixed
R0254 Anchored Retail 2,165,973.00 14,822.58 Amortizing Balloon Fixed
400029121 Anchored Retail 3,723,852.00 26,432.90 Amortizing Balloon Fixed
R0304 Anchored Retail 3,584,725.00 24,314.64 Amortizing Balloon Fixed
400029148 Anchored Retail 2,237,141.00 15,135.89 Amortizing Balloon Fixed
R0514 Anchored Retail 5,109,619.00 34,408.04 Amortizing Balloon Fixed
400029274 Anchored Retail 4,869,949.00 32,597.96 Amortizing Balloon Fixed
R0464 Anchored Retail 4,491,719.00 31,341.49 Amortizing Balloon Fixed
R0412 Anchored Retail 1,468,981.00 11,025.15 Amortizing Balloon Fixed
09-0001037 Anchored Retail 10,165,354.00 69,098.35 Amortizing Balloon Fixed
R0463 Anchored Retail 4,850,000.00 32,560.85 Amortizing Balloon Fixed
400030893 Industrial 1,998,409.00 13,508.14 Amortizing Balloon Fixed
09-0001111 Industrial 3,697,091.00 25,140.22 Amortizing Balloon Fixed
400029145 Industrial 2,376,404.00 17,208.45 Amortizing Balloon Fixed
400029205 Industrial 6,075,342.00 41,117.42 Amortizing Balloon Fixed
09-0001085 Industrial 1,548,047.00 10,901.58 Hyperamortizing Fixed
MU0114 Industrial 615,000.00 4,401.77 Amortizing Balloon Fixed
400029149 Industrial 2,933,499.00 20,064.21 Amortizing Balloon Fixed
09-0001086 Industrial 3,443,724.00 22,843.82 Hyperamortizing Fixed
400029184 Industrial 5,366,848.00 42,973.99 Amortizing Balloon Fixed
400028305 Industrial 3,628,728.00 24,308.06 Amortizing Balloon Fixed
400029294 Industrial 1,989,379.00 15,650.37 Amortizing Balloon Fixed
09-0001065 Lodging 5,377,414.00 39,905.52 Amortizing Balloon Fixed
400030964 Lodging 13,286,218.00 103,445.77 Amortizing Balloon Fixed
400030965 Lodging 21,777,411.00 169,557.73 Amortizing Balloon Fixed
400030966 Lodging 5,394,404.00 42,000.54 Amortizing Balloon Fixed
L0184 Lodging 2,068,993.00 15,618.62 Amortizing Balloon Fixed
400030967 Lodging 3,496,373.00 27,222.57 Amortizing Balloon Fixed
400029158 Lodging 2,829,759.00 21,302.83 Amortizing Balloon Fixed
400029190 Lodging 3,161,534.00 24,417.49 Amortizing Balloon Fixed
400029157 Mixed Use 2,479,427.00 19,229.21 Amortizing Balloon Fixed
M0171 Multifamily 9,370,479.00 65,597.48 Amortizing Balloon Fixed
400031048 Multifamily 4,592,526.00 30,789.50 Amortizing Balloon Fixed
400029169 Multifamily 4,720,294.00 31,729.57 Amortizing Balloon Fixed
400029232 Multifamily 3,988,673.00 26,935.24 Amortizing Balloon Fixed
400029257 Multifamily 4,786,473.00 32,387.10 Amortizing Balloon Fixed
09-0001070 Multifamily 1,796,427.00 12,193.83 Amortizing Balloon Fixed
400031123 Multifamily 1,797,348.00 11,890.94 Amortizing Balloon Fixed
09-0001123 Multifamily 10,035,229.00 66,458.42 Amortizing Balloon Fixed
M0290 Multifamily 1,319,405.00 8,967.05 Amortizing Balloon Fixed
09-0001084 Multifamily 2,270,721.00 15,720.61 Amortizing Balloon Fixed
400029139 Multifamily 5,161,627.00 35,936.04 Hyperamortizing Fixed
400029208 Multifamily 2,190,202.00 14,562.85 Amortizing Balloon Fixed
400029306 Multifamily 3,944,024.00 25,803.69 Amortizing Balloon Fixed
M0220 Multifamily 1,319,950.00 9,337.28 Amortizing Balloon Fixed
M0262 Multifamily 1,322,392.00 8,987.35 Amortizing Balloon Fixed
400029182 Multifamily 1,494,957.00 10,202.14 Amortizing Balloon Fixed
400029183 Multifamily 2,290,025.00 15,394.75 Amortizing Balloon Fixed
400028269 Multifamily 2,140,966.00 14,579.39 Amortizing Balloon Fixed
400029252 Multifamily 3,830,519.00 26,965.89 Amortizing Balloon Fixed
M0263 Multifamily 3,087,007.00 21,042.43 Amortizing Balloon Fixed
09-0001051 Multifamily 2,036,058.00 13,957.93 Amortizing Balloon Fixed
M0415 Multifamily 3,949,299.00 27,175.53 Amortizing Balloon Fixed
400029178 Multifamily 3,482,939.00 23,568.34 Amortizing Balloon Fixed
M0537 Multifamily 2,717,695.00 17,786.75 Amortizing Balloon Fixed
400029137 Multifamily 3,568,243.00 25,398.14 Amortizing Balloon Fixed
09-0001075 Multifamily 1,061,977.00 7,323.42 Amortizing Balloon Fixed
M0514 Multifamily 11,839,014.00 73,889.84 Amortizing Balloon Fixed
M0288 Multifamily 1,045,599.00 7,127.28 Amortizing Balloon Fixed
M0443 Multifamily 2,397,966.00 15,694.19 Amortizing Balloon Fixed
M0289 Multifamily 995,809.00 6,787.88 Amortizing Balloon Fixed
09-0001042 Multifamily 9,756,251.00 64,805.22 Amortizing Balloon Fixed
400029168 Multifamily 1,537,778.00 11,034.31 Amortizing Balloon Fixed
400029202 Multifamily 4,540,699.00 30,829.36 Amortizing Balloon Fixed
M0364 Multifamily 959,266.00 6,614.13 Amortizing Balloon Fixed
09-0001045 Multifamily 2,990,018.00 20,485.64 Amortizing Balloon Fixed
M0264 Multifamily 1,742,665.00 11,878.79 Amortizing Balloon Fixed
M0330 Multifamily 4,493,481.00 29,938.61 Amortizing Balloon Fixed
M0172 Multifamily 621,814.00 4,634.97 Amortizing Balloon Fixed
09-0001036 Multifamily 587,761.00 3,902.54 Amortizing Balloon Fixed
400029185 Multifamily 1,752,514.00 11,875.27 Amortizing Balloon Fixed
09-0001082 Multifamily 5,470,880.00 36,217.83 Amortizing Balloon Fixed
M0462 Multifamily 8,732,563.00 57,036.49 Amortizing Balloon Fixed
09-0001035 Multifamily 693,474.00 4,604.44 Amortizing Balloon Fixed
400029299 Multifamily 3,991,324.00 26,183.67 Amortizing Balloon Fixed
09-0001107 Multifamily 2,981,475.00 21,508.80 Amortizing Balloon Fixed
09-0001106 Nursing Home, Skilled 2,515,134.00 19,249.87 Amortizing Balloon Fixed
400030935 Office 8,653,258.00 59,135.22 Amortizing Balloon Fixed
400029311 Office 1,596,614.00 11,719.18 Amortizing Balloon Fixed
400029156 Office 2,091,693.00 14,311.46 Amortizing Balloon Fixed
400029223 Office 3,240,105.00 22,546.70 Amortizing Balloon Fixed
O0179 Office 10,679,600.00 73,574.36 Amortizing Balloon Fixed
400029172 Office 5,711,230.00 39,361.12 Amortizing Balloon Fixed
O0359 Office 4,496,384.00 30,241.44 Amortizing Balloon Fixed
400029253 Office 1,098,549.00 7,601.18 Amortizing Balloon Fixed
400029235 Office 1,244,632.00 9,123.86 Amortizing Balloon Fixed
O0259 Office 3,358,673.00 22,840.60 Amortizing Balloon Fixed
400030934 Office 1,398,310.00 10,020.29 Amortizing Balloon Fixed
O0422 Office 3,600,000.00 24,193.15 Amortizing Balloon Fixed
400029119 Office 2,585,169.00 17,507.91 Amortizing Balloon Fixed
400029210 Office 1,047,308.00 7,356.14 Amortizing Balloon Fixed
O0541 Office 1,148,679.00 8,461.03 Amortizing Balloon Fixed
O0253 Office 1,346,225.00 10,312.43 Amortizing Balloon Fixed
O0311 Office 9,467,897.00 64,484.88 Amortizing Balloon Fixed
400029129 Office 3,675,091.00 24,541.69 Amortizing Balloon Fixed
400029262 Office 4,486,242.00 33,079.18 Amortizing Balloon Fixed
O0148 Office 6,563,801.00 45,337.42 Amortizing Balloon Fixed
O0265 Office 8,000,000.00 49,737.78 Interest Only Balloon Fixed
400029250 Self-Storage 3,143,720.00 23,268.38 Amortizing Balloon Fixed
400029200 Special Purpose 4,433,463.00 41,485.74 Amortizing Balloon Fixed
400029216 Special Purpose 2,193,085.00 15,972.69 Amortizing Balloon Fixed
400029180 Unanchored Retail 1,427,640.00 10,320.45 Amortizing Balloon Fixed
400029204 Unanchored Retail 2,241,532.00 15,933.10 Amortizing Balloon Fixed
400030913 Unanchored Retail 14,488,530.00 98,228.05 Amortizing Balloon Fixed
400029187 Unanchored Retail 2,418,452.00 17,844.53 Amortizing Balloon Fixed
400028277 Unanchored Retail 7,641,681.00 54,050.58 Amortizing Balloon Fixed
09-0001091 Unanchored Retail 1,398,102.00 9,569.47 Amortizing Balloon Fixed
400029246 Unanchored Retail 524,068.00 3,703.28 Amortizing Balloon Fixed
400029189 Unanchored Retail 3,011,912.00 20,267.81 Amortizing Balloon Fixed
400030915 Unanchored Retail 2,498,077.00 17,173.27 Amortizing Balloon Fixed
09-0001072 Unanchored Retail 1,686,725.00 11,551.71 Amortizing Balloon Fixed
400029209 Unanchored Retail 2,638,535.00 19,274.05 Amortizing Balloon Fixed
400029251 Unanchored Retail 5,338,720.00 35,414.21 Amortizing Balloon Fixed
R0497 Unanchored Retail 1,473,865.00 10,132.22 Amortizing Balloon Fixed
R0297 Unanchored Retail 6,482,783.00 44,960.35 Amortizing Balloon Fixed
400029171 Unanchored Retail 4,975,196.00 33,500.51 Amortizing Balloon Fixed
400029221 Unanchored Retail 6,201,063.00 43,150.92 Amortizing Balloon Fixed
R0311 Unanchored Retail 5,236,093.00 36,314.13 Amortizing Balloon Fixed
09-0001056 Unanchored Retail 2,942,496.00 20,727.92 Amortizing Balloon Fixed
400030867 Unanchored Retail 5,458,001.00 39,396.68 Amortizing Balloon Fixed
09-0001038 Unanchored Retail 2,352,188.00 16,147.41 Amortizing Balloon Fixed
09-0001168 Unanchored Retail 21,500,000.00 141,311.52 Amortizing Balloon Fixed
R0886 Unanchored Retail 560,000.00 4,008.12 Amortizing Balloon Fixed
R0887 Unanchored Retail 1,145,000.00 8,195.17 Amortizing Balloon Fixed
400029126 Unanchored Retail 1,190,197.00 8,844.49 Amortizing Balloon Fixed
R0597 Unanchored Retail 2,458,119.00 16,948.71 Amortizing Balloon Fixed
MU0036 Unanchored Retail 1,930,000.00 13,813.69 Amortizing Balloon Fixed
09-0001073 Unanchored Retail 1,365,668.00 9,920.11 Amortizing Balloon Fixed
650,223,615.67
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
interest no of months when
LOANID Basic Property Types only flag loan is an I/O balloon flag RATE
ANUM PTYPE iof ioper bf RATE
==================================================================================================================================
<S> <C> <C> <C> <C> <C>
TBD1B Multifamily 0 0 1 8.5000
TBD1C Multifamily 0 0 1 8.5000
TBD1D Multifamily 0 0 1 8.5000
TBD1E Multifamily 0 0 1 8.5000
TBD1F Multifamily 0 0 1 8.5000
TBD1G Multifamily 0 0 1 8.5000
TBD1H Multifamily 0 0 1 8.5000
TBD1I Multifamily 0 0 1 8.5000
TBD1J Multifamily 0 0 1 8.5000
TBD1K Multifamily 0 0 1 8.5000
TBD1L Multifamily 0 0 1 8.5000
TBD1M Multifamily 0 0 1 8.5000
TBD1N Multifamily 0 0 1 8.5000
TBD1O Multifamily 0 0 1 8.5000
400029191 Anchored Retail 0 0 1 7.63
R0315 Anchored Retail 0 0 1 7.02
400029201 Anchored Retail 0 0 1 7.62
09-0001128 Anchored Retail 0 0 2 7.39
400029207 Anchored Retail 0 0 1 7.31
R0480 Anchored Retail 0 0 1 7.53
09-0001122 Anchored Retail 0 0 1 7.25
400029154 Anchored Retail 0 0 1 7.36
400029134 Anchored Retail 0 0 1 7.19
R0254 Anchored Retail 0 0 1 7.24
400029121 Anchored Retail 0 0 1 7.61
R0304 Anchored Retail 0 0 1 7.15
400029148 Anchored Retail 0 0 1 7.11
R0514 Anchored Retail 0 0 1 7.1
400029274 Anchored Retail 0 0 1 7.04
R0464 Anchored Retail 0 0 1 7.46
R0412 Anchored Retail 0 0 1 7.63
09-0001037 Anchored Retail 0 0 1 7.18
R0463 Anchored Retail 0 0 1 7.09
400030893 Industrial 0 0 1 7.15
09-0001111 Industrial 0 0 1 7.21
400029145 Industrial 0 0 1 7.16
400029205 Industrial 0 0 1 7.13
09-0001085 Industrial 0 0 2 7.56
MU0114 Industrial 0 0 1 7.14
400029149 Industrial 0 0 1 7.22
09-0001086 Industrial 0 0 2 6.95
400029184 Industrial 0 0 1 8.36
400028305 Industrial 0 0 1 7.01
400029294 Industrial 0 0 1 7.12
09-0001065 Lodging 0 0 1 7.5
400030964 Lodging 0 0 1 8.09
400030965 Lodging 0 0 1 8.09
400030966 Lodging 0 0 1 8.09
L0184 Lodging 0 0 1 7.71
400030967 Lodging 0 0 1 8.09
400029158 Lodging 0 0 1 7.63
400029190 Lodging 0 0 1 7.94
400029157 Mixed Use 0 0 1 7.96
M0171 Multifamily 0 0 1 7.48
400031048 Multifamily 0 0 1 7.06
400029169 Multifamily 0 0 1 7.04
400029232 Multifamily 0 0 1 7.12
400029257 Multifamily 0 0 1 7.14
09-0001070 Multifamily 0 0 1 7.18
400031123 Multifamily 0 0 1 6.93
09-0001123 Multifamily 0 0 1 6.94
M0290 Multifamily 0 0 1 7.17
09-0001084 Multifamily 0 0 1 7.38
400029139 Multifamily 0 0 2 7.05
400029208 Multifamily 0 0 1 6.95
400029306 Multifamily 0 0 1 6.82
M0220 Multifamily 0 0 1 7.58
M0262 Multifamily 0 0 1 7.17
400029182 Multifamily 0 0 1 7.22
400029183 Multifamily 0 0 1 7.06
400028269 Multifamily 0 0 1 7.19
400029252 Multifamily 0 0 1 6.9
M0263 Multifamily 0 0 1 7.2
09-0001051 Multifamily 0 0 1 7.28
M0415 Multifamily 0 0 1 7.31
400029178 Multifamily 0 0 1 7.12
M0537 Multifamily 0 0 1 6.83
400029137 Multifamily 0 0 1 6.98
09-0001075 Multifamily 0 0 1 7.34
M0514 Multifamily 0 0 1 6.37
M0288 Multifamily 0 0 1 7.2
M0443 Multifamily 0 0 1 6.83
M0289 Multifamily 0 0 1 7.2
09-0001042 Multifamily 0 0 1 6.94
400029168 Multifamily 0 0 1 7.08
400029202 Multifamily 0 0 1 7.16
M0364 Multifamily 0 0 1 7.35
09-0001045 Multifamily 0 0 1 7.26
M0264 Multifamily 0 0 1 7.2
M0330 Multifamily 0 0 1 7
M0172 Multifamily 0 0 1 7.54
09-0001036 Multifamily 0 0 1 6.93
400029185 Multifamily 0 0 1 7.14
09-0001082 Multifamily 0 0 1 6.93
M0462 Multifamily 0 0 1 6.81
09-0001035 Multifamily 0 0 1 6.93
400029299 Multifamily 0 0 1 6.84
09-0001107 Multifamily 0 0 1 7.81
09-0001106 Nursing Home, Skilled 0 0 1 7.88
400030935 Office 0 0 1 7.26
400029311 Office 0 0 1 7.4
400029156 Office 0 0 1 7.24
400029223 Office 0 0 1 7.42
O0179 Office 0 0 1 7.33
400029172 Office 0 0 1 7.32
O0359 Office 0 0 1 7.1
400029253 Office 0 0 1 7.38
400029235 Office 0 0 1 7.36
O0259 Office 0 0 1 7.17
400030934 Office 0 0 1 7.14
O0422 Office 0 0 1 7.1
400029119 Office 0 0 1 7.12
400029210 Office 0 0 1 7.52
O0541 Office 0 0 1 7.45
O0253 Office 0 0 1 7.88
O0311 Office 0 0 1 7.2
400029129 Office 0 0 1 6.97
400029262 Office 0 0 1 7.44
O0148 Office 0 0 1 7.32
O0265 Office 1 120 1 7.22
400029250 Self-Storage 0 0 1 7.47
400029200 Special Purpose 0 0 1 7.41
400029216 Special Purpose 0 0 1 7.3
400029180 Unanchored Retail 0 0 1 7.155
400029204 Unanchored Retail 0 0 1 7.63
400030913 Unanchored Retail 0 0 1 7.18
400029187 Unanchored Retail 0 0 1 8.03
400028277 Unanchored Retail 0 0 1 7.54
09-0001091 Unanchored Retail 0 0 1 7.27
400029246 Unanchored Retail 0 0 1 7.59
400029189 Unanchored Retail 0 0 1 7.07
400030915 Unanchored Retail 0 0 1 7.32
09-0001072 Unanchored Retail 0 0 1 7.27
400029209 Unanchored Retail 0 0 1 7.32
400029251 Unanchored Retail 0 0 1 6.95
R0497 Unanchored Retail 0 0 1 7.32
R0297 Unanchored Retail 0 0 1 7.39
400029171 Unanchored Retail 0 0 1 7.07
400029221 Unanchored Retail 0 0 1 7.42
R0311 Unanchored Retail 0 0 1 7.39
09-0001056 Unanchored Retail 0 0 1 7.55
400030867 Unanchored Retail 0 0 1 7.21
09-0001038 Unanchored Retail 0 0 1 7.28
09-0001168 Unanchored Retail 0 0 1 6.88
R0886 Unanchored Retail 0 0 1 7.14
R0887 Unanchored Retail 0 0 1 7.14
400029126 Unanchored Retail 0 0 1 7.47
R0597 Unanchored Retail 0 0 1 7.35
MU0036 Unanchored Retail 0 0 1 7.14
09-0001073 Unanchored Retail 0 0 1 7.27
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Underwritten net
cashflows submitted
to rating agency, else dscr submitted to
LOANID Basic Property Types Interest Accrual Method as of origination rating agency
ANUM PTYPE INTCALC UWNCF dscr
==================================================================================================================================
<S> <C> <C> <C> <C>
TBD1B Multifamily Actual Days / 360 Year-Days 523941 1.39
TBD1C Multifamily Actual Days / 360 Year-Days 696815 1.39
TBD1D Multifamily Actual Days / 360 Year-Days 440107 1.39
TBD1E Multifamily Actual Days / 360 Year-Days 380549 1.39
TBD1F Multifamily Actual Days / 360 Year-Days 864990 1.39
TBD1G Multifamily Actual Days / 360 Year-Days 757292 1.39
TBD1H Multifamily Actual Days / 360 Year-Days 968936 1.39
TBD1I Multifamily Actual Days / 360 Year-Days 816008 1.39
TBD1J Multifamily Actual Days / 360 Year-Days 1761592 1.39
TBD1K Multifamily Actual Days / 360 Year-Days 353310 1.39
TBD1L Multifamily Actual Days / 360 Year-Days 598065 1.39
TBD1M Multifamily Actual Days / 360 Year-Days 1575196 1.39
TBD1N Multifamily Actual Days / 360 Year-Days 236604 1.39
TBD1O Multifamily Actual Days / 360 Year-Days 368468 1.39
400029191 Anchored Retail Actual Days / 360 Year-Days 217066 1.30
R0315 Anchored Retail Actual Days / 360 Year-Days 435594 1.30
400029201 Anchored Retail Actual Days / 360 Year-Days 279708 1.31
09-0001128 Anchored Retail Actual Days / 360 Year-Days 2810897 1.32
400029207 Anchored Retail Actual Days / 360 Year-Days 1393459 1.32
R0480 Anchored Retail Actual Days / 360 Year-Days 200648 1.32
09-0001122 Anchored Retail Actual Days / 360 Year-Days 1556746 1.34
400029154 Anchored Retail 30 Month-Days / 360 Year-Days 345576 1.34
400029134 Anchored Retail 30 Month-Days / 360 Year-Days 495526 1.35
R0254 Anchored Retail Actual Days / 360 Year-Days 248326 1.40
400029121 Anchored Retail Actual Days / 360 Year-Days 442503 1.40
R0304 Anchored Retail Actual Days / 360 Year-Days 418557 1.43
400029148 Anchored Retail 30 Month-Days / 360 Year-Days 262742 1.45
R0514 Anchored Retail Actual Days / 360 Year-Days 599367 1.45
400029274 Anchored Retail Actual Days / 360 Year-Days 579656 1.48
R0464 Anchored Retail Actual Days / 360 Year-Days 568559 1.51
R0412 Anchored Retail Actual Days / 360 Year-Days 202056 1.53
09-0001037 Anchored Retail Actual Days / 360 Year-Days 1320264 1.59
R0463 Anchored Retail Actual Days / 360 Year-Days 718087 1.84
400030893 Industrial Actual Days / 360 Year-Days 213161 1.32
09-0001111 Industrial Actual Days / 360 Year-Days 402811 1.34
400029145 Industrial 30 Month-Days / 360 Year-Days 278869 1.35
400029205 Industrial 30 Month-Days / 360 Year-Days 672944 1.36
09-0001085 Industrial Actual Days / 360 Year-Days 185671 1.42
MU0114 Industrial Actual Days / 360 Year-Days 78536 1.49
400029149 Industrial 30 Month-Days / 360 Year-Days 365786 1.52
09-0001086 Industrial Actual Days / 360 Year-Days 420173 1.53
400029184 Industrial Actual Days / 360 Year-Days 801194 1.55
400028305 Industrial 30 Month-Days / 360 Year-Days 467499 1.60
400029294 Industrial Actual Days / 360 Year-Days 320461 1.71
09-0001065 Lodging Actual Days / 360 Year-Days 557903 1.17
400030964 Lodging Actual Days / 360 Year-Days 1550857 1.25
400030965 Lodging Actual Days / 360 Year-Days 2545470 1.25
400030966 Lodging Actual Days / 360 Year-Days 645024 1.28
L0184 Lodging Actual Days / 360 Year-Days 241681 1.29
400030967 Lodging Actual Days / 360 Year-Days 433633 1.33
400029158 Lodging Actual Days / 360 Year-Days 344425 1.35
400029190 Lodging Actual Days / 360 Year-Days 396853 1.35
400029157 Mixed Use Actual Days / 360 Year-Days 311270 1.35
M0171 Multifamily Actual Days / 360 Year-Days 918305 1.17
400031048 Multifamily 30 Month-Days / 360 Year-Days 443231 1.20
400029169 Multifamily Actual Days / 360 Year-Days 482232 1.27
400029232 Multifamily Actual Days / 360 Year-Days 412006 1.27
400029257 Multifamily Actual Days / 360 Year-Days 493550 1.27
09-0001070 Multifamily Actual Days / 360 Year-Days 187132 1.28
400031123 Multifamily Actual Days / 360 Year-Days 183299 1.28
09-0001123 Multifamily Actual Days / 360 Year-Days 1042299 1.31
M0290 Multifamily Actual Days / 360 Year-Days 140425 1.31
09-0001084 Multifamily Actual Days / 360 Year-Days 248676 1.32
400029139 Multifamily 30 Month-Days / 360 Year-Days 567731 1.32
400029208 Multifamily Actual Days / 360 Year-Days 231015 1.32
400029306 Multifamily Actual Days / 360 Year-Days 407917 1.32
M0220 Multifamily Actual Days / 360 Year-Days 150558 1.34
M0262 Multifamily Actual Days / 360 Year-Days 144811 1.34
400029182 Multifamily Actual Days / 360 Year-Days 165691 1.35
400029183 Multifamily Actual Days / 360 Year-Days 249458 1.35
400028269 Multifamily Actual Days / 360 Year-Days 237653 1.36
400029252 Multifamily 30 Month-Days / 360 Year-Days 441877 1.37
M0263 Multifamily Actual Days / 360 Year-Days 345238 1.37
09-0001051 Multifamily Actual Days / 360 Year-Days 231587 1.38
M0415 Multifamily Actual Days / 360 Year-Days 449055 1.38
400029178 Multifamily 30 Month-Days / 360 Year-Days 394356 1.39
M0537 Multifamily Actual Days / 360 Year-Days 297140 1.39
400029137 Multifamily 30 Month-Days / 360 Year-Days 426871 1.40
09-0001075 Multifamily Actual Days / 360 Year-Days 123544 1.41
M0514 Multifamily Actual Days / 360 Year-Days 1259836 1.42
M0288 Multifamily Actual Days / 360 Year-Days 122122 1.43
M0443 Multifamily Actual Days / 360 Year-Days 274079 1.46
M0289 Multifamily Actual Days / 360 Year-Days 119999 1.47
09-0001042 Multifamily Actual Days / 360 Year-Days 1152535 1.48
400029168 Multifamily Actual Days / 360 Year-Days 197917 1.49
400029202 Multifamily Actual Days / 360 Year-Days 549483 1.49
M0364 Multifamily Actual Days / 360 Year-Days 118418 1.49
09-0001045 Multifamily Actual Days / 360 Year-Days 368822 1.50
M0264 Multifamily Actual Days / 360 Year-Days 215535 1.51
M0330 Multifamily Actual Days / 360 Year-Days 556372 1.55
M0172 Multifamily Actual Days / 360 Year-Days 88919 1.60
09-0001036 Multifamily 30 Month-Days / 360 Year-Days 75886 1.62
400029185 Multifamily Actual Days / 360 Year-Days 231334 1.62
09-0001082 Multifamily Actual Days / 360 Year-Days 712935 1.64
M0462 Multifamily Actual Days / 360 Year-Days 1133567 1.66
09-0001035 Multifamily 30 Month-Days / 360 Year-Days 94767 1.72
400029299 Multifamily Actual Days / 360 Year-Days 568071 1.81
09-0001107 Multifamily Actual Days / 360 Year-Days 482001 1.87
09-0001106 Nursing Home, Skilled Actual Days / 360 Year-Days 318209 1.38
400030935 Office Actual Days / 360 Year-Days 799553 1.13
400029311 Office Actual Days / 360 Year-Days 173630 1.23
400029156 Office 30 Month-Days / 360 Year-Days 214285 1.25
400029223 Office 30 Month-Days / 360 Year-Days 337003 1.25
O0179 Office Actual Days / 360 Year-Days 1109060 1.26
400029172 Office Actual Days / 360 Year-Days 599049 1.27
O0359 Office Actual Days / 360 Year-Days 529163 1.46
400029253 Office Actual Days / 360 Year-Days 133699 1.47
400029235 Office Actual Days / 360 Year-Days 161324 1.47
O0259 Office Actual Days / 360 Year-Days 406738 1.48
400030934 Office Actual Days / 360 Year-Days 180758 1.50
O0422 Office Actual Days / 360 Year-Days 434129 1.50
400029119 Office 30 Month-Days / 360 Year-Days 317149 1.51
400029210 Office Actual Days / 360 Year-Days 134005 1.52
O0541 Office Actual Days / 360 Year-Days 156102 1.54
O0253 Office Actual Days / 360 Year-Days 194199 1.57
O0311 Office Actual Days / 360 Year-Days 1218992 1.58
400029129 Office 30 Month-Days / 360 Year-Days 481508 1.64
400029262 Office Actual Days / 360 Year-Days 656664 1.65
O0148 Office Actual Days / 365 Year-Days 956689 1.76
O0265 Office Actual Days / 360 Year-Days 1279737 2.14
400029250 Self-Storage Actual Days / 360 Year-Days 355086 1.27
400029200 Special Purpose Actual Days / 360 Year-Days 562166 1.13
400029216 Special Purpose Actual Days / 360 Year-Days 241036 1.26
400029180 Unanchored Retail 30 Month-Days / 360 Year-Days 164436 1.33
400029204 Unanchored Retail Actual Days / 360 Year-Days 257863 1.35
400030913 Unanchored Retail Actual Days / 360 Year-Days 1588282 1.35
400029187 Unanchored Retail Actual Days / 360 Year-Days 290477 1.36
400028277 Unanchored Retail 30 Month-Days / 360 Year-Days 879087 1.36
09-0001091 Unanchored Retail Actual Days / 360 Year-Days 157719 1.37
400029246 Unanchored Retail Actual Days / 360 Year-Days 61192 1.38
400029189 Unanchored Retail Actual Days / 360 Year-Days 340713 1.40
400030915 Unanchored Retail Actual Days / 360 Year-Days 290006 1.41
09-0001072 Unanchored Retail Actual Days / 360 Year-Days 196010 1.41
400029209 Unanchored Retail Actual Days / 360 Year-Days 331265 1.43
400029251 Unanchored Retail Actual Days / 360 Year-Days 626447 1.47
R0497 Unanchored Retail Actual Days / 360 Year-Days 181840 1.50
R0297 Unanchored Retail Actual Days / 360 Year-Days 806731 1.50
400029171 Unanchored Retail Actual Days / 360 Year-Days 601335 1.50
400029221 Unanchored Retail 30 Month-Days / 360 Year-Days 775764 1.50
R0311 Unanchored Retail Actual Days / 360 Year-Days 662818 1.52
09-0001056 Unanchored Retail Actual Days / 360 Year-Days 379561 1.53
400030867 Unanchored Retail Actual Days / 360 Year-Days 730037 1.54
09-0001038 Unanchored Retail Actual Days / 360 Year-Days 298296 1.54
09-0001168 Unanchored Retail Actual Days / 360 Year-Days 2605088 1.54
R0886 Unanchored Retail Actual Days / 360 Year-Days 76299 1.59
R0887 Unanchored Retail Actual Days / 360 Year-Days 158115 1.61
400029126 Unanchored Retail 30 Month-Days / 360 Year-Days 171166 1.61
R0597 Unanchored Retail Actual Days / 360 Year-Days 335023 1.65
MU0036 Unanchored Retail Actual Days / 360 Year-Days 274628 1.66
09-0001073 Unanchored Retail Actual Days / 360 Year-Days 202264 1.70
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
LOANID Basic Property Types LTVUW OCC%UW Prepay description in text no of lockout months
ANUM PTYPE CLTV OCC_PCT PREPAY LOTERM
==================================================================================================================================
<S> <C> <C> <C> <C> <C>
TBD1B Multifamily 61 97 Lockout / 1 Year Open 108
TBD1C Multifamily 61 99 Lockout / 1 Year Open 108
TBD1D Multifamily 61 96 Lockout / 1 Year Open 108
TBD1E Multifamily 61 92 Lockout / 1 Year Open 108
TBD1F Multifamily 61 95 Lockout / 1 Year Open 108
TBD1G Multifamily 61 91 Lockout / 1 Year Open 108
TBD1H Multifamily 61 99 Lockout / 1 Year Open 108
TBD1I Multifamily 61 99 Lockout / 1 Year Open 108
TBD1J Multifamily 61 97 Lockout / 1 Year Open 108
TBD1K Multifamily 61 97 Lockout / 1 Year Open 108
TBD1L Multifamily 61 95 Lockout / 1 Year Open 108
TBD1M Multifamily 61 98 Lockout / 1 Year Open 108
TBD1N Multifamily 61 100 Lockout / 1 Year Open 108
TBD1O Multifamily 61 88 Lockout / 1 Year Open 108
400029191 Anchored Retail 73 100 Greater of YM or 1% 48
R0315 Anchored Retail 74 100 Defeasance 36
400029201 Anchored Retail 72 100 Greater of YM or 1% 48
09-0001128 Anchored Retail 80 91 Defeasance 36
400029207 Anchored Retail 77 90 Greater of YM or 1% 48
R0480 Anchored Retail 75 100 Defeasance 36
09-0001122 Anchored Retail 81 99 Defeasance 36
400029154 Anchored Retail 80 100 Greater of YM or 1% 48
400029134 Anchored Retail 73 91 Greater of YM or 1% 48
R0254 Anchored Retail 75 100 Defeasance 31
400029121 Anchored Retail 70 100 Greater of YM or 1% 36
R0304 Anchored Retail 72 98 Defeasance 31
400029148 Anchored Retail 69 76 Greater of YM or 1% 48
R0514 Anchored Retail 80 100 Defeasance 36
400029274 Anchored Retail 80 92 Greater of YM or 1% 48
R0464 Anchored Retail 75 99 Defeasance 36
R0412 Anchored Retail 73 97 Defeasance 36
09-0001037 Anchored Retail 68 96 Defeasance 36
R0463 Anchored Retail 71 100 Defeasance 36
400030893 Industrial 65 100 Greater of YM or 1% 48
09-0001111 Industrial 80 100 Defeasance 36
400029145 Industrial 65 100 Greater of YM or 1% 48
400029205 Industrial 73 100 Greater of YM or 1% 48
09-0001085 Industrial 78 98 Defeasance 36
MU0114 Industrial 62 100 Defeasance 36
400029149 Industrial 74 98 Greater of YM or 1% 48
09-0001086 Industrial 73 100 Defeasance 36
400029184 Industrial 69 100 Greater of YM or 1% 72
400028305 Industrial 67 100 Defeasance 36
400029294 Industrial 60 100 Greater of YM or 1% 48
09-0001065 Lodging 90 70 Defeasance 36
400030964 Lodging 71 66 Defeasance 36
400030965 Lodging 86 65 Defeasance 36
400030966 Lodging 60 74 Defeasance 36
L0184 Lodging 77 64 Defeasance 36
400030967 Lodging 64 62 Defeasance 36
400029158 Lodging 67 80 Defeasance 96
400029190 Lodging 73 76 Greater of YM or 1% 48
400029157 Mixed Use 69 100 Defeasance 36
M0171 Multifamily 71 94 Defeasance 30
400031048 Multifamily 76 92 Defeasance 36
400029169 Multifamily 79 91 Defeasance 36
400029232 Multifamily 78 97 Greater of YM or 1% 48
400029257 Multifamily 79 95 Greater of YM or 1% 48
09-0001070 Multifamily 86 93 Defeasance 36
400031123 Multifamily 78 85 Defeasance 36
09-0001123 Multifamily 79 97 Defeasance 36
M0290 Multifamily 80 96 Defeasance 31
09-0001084 Multifamily 77 95 Defeasance 36
400029139 Multifamily 79 100 Defeasance 36
400029208 Multifamily 85 93 Defeasance 36
400029306 Multifamily 76 Defeasance 36
M0220 Multifamily 73 100 Greater of YM or 1% 36
M0262 Multifamily 80 97 Defeasance 31
400029182 Multifamily 75 92 Greater of YM or 1% 48
400029183 Multifamily 77 99 Greater of YM or 1% 48
400028269 Multifamily 79 100 Greater of YM or 1% 48
400029252 Multifamily 74 99 Greater of YM or 1% 48
M0263 Multifamily 79 100 Defeasance 31
09-0001051 Multifamily 85 94 Defeasance 28
M0415 Multifamily 81 99 Defeasance 36
400029178 Multifamily 79 92 Yield Maintenance 48
M0537 Multifamily 80 95 Defeasance 36
400029137 Multifamily 80 97 Greater of YM or 1% 48
09-0001075 Multifamily 87 94 Defeasance 36
M0514 Multifamily 74 96 Defeasance 26
M0288 Multifamily 73 96 Defeasance 31
M0443 Multifamily 80 98 Defeasance 36
M0289 Multifamily 74 100 Defeasance 31
09-0001042 Multifamily 81 93 Defeasance 36
400029168 Multifamily 72 92 Greater of YM or 1% 48
400029202 Multifamily 80 93 Defeasance 36
M0364 Multifamily 80 96 Defeasance 36
09-0001045 Multifamily 70 94 Defeasance 36
M0264 Multifamily 76 97 Defeasance 31
M0330 Multifamily 79 98 Defeasance 36
M0172 Multifamily 69 100 Defeasance 36
09-0001036 Multifamily 80 100 Defeasance 36
400029185 Multifamily 77 93 Greater of YM or 1% 48
09-0001082 Multifamily 90 87 Defeasance 36
M0462 Multifamily 77 99 Defeasance 36
09-0001035 Multifamily 80 99 Defeasance 36
400029299 Multifamily 62 98 Greater of YM or 1% 48
09-0001107 Multifamily 62 88 Defeasance 36
09-0001106 Nursing Home, Skilled 50 84 Greater of YM or 1% 27
400030935 Office 81 95 Greater of YM or 1% 36
400029311 Office 75 87 Greater of YM or 1% 36
400029156 Office 75 100 Greater of YM or 1% 48
400029223 Office 60 100 Greater of YM or 1% 36
O0179 Office 80 100 Defeasance 36
400029172 Office 76 90 Greater of YM or 1% 48
O0359 Office 75 100 Defeasance 36
400029253 Office 71 96 Greater of YM or 1% 48
400029235 Office 75 100 Greater of YM or 1% 48
O0259 Office 67 100 Defeasance 36
400030934 Office 72 90 Defeasance 36
O0422 Office 75 100 Defeasance 25
400029119 Office 73 91 Greater of YM or 1% 48
400029210 Office 62 100 Defeasance 36
O0541 Office 61 100 Greater of YM or 1% 36
O0253 Office 64 100 Defeasance 36
O0311 Office 70 94 Defeasance 30
400029129 Office 67 78 Greater of YM or 1% 48
400029262 Office 55 100 Greater of YM or 1% 48
O0148 Office 66 88 Defeasance 36
O0265 Office 49 100 Defeasance 33
400029250 Self-Storage 77 89 Greater of YM or 1% 48
400029200 Special Purpose 73 100 Greater of YM or 1% 48
400029216 Special Purpose 70 100 Greater of YM or 1% 48
400029180 Unanchored Retail 72 100 Greater of YM or 1% 48
400029204 Unanchored Retail 77 95 Greater of YM or 1% 48
400030913 Unanchored Retail 72 100 Greater of YM or 1% 36
400029187 Unanchored Retail 65 100 Greater of YM or 1% 60
400028277 Unanchored Retail 74 94 Defeasance 36
09-0001091 Unanchored Retail 74 100 Defeasance 36
400029246 Unanchored Retail 73 100 Greater of YM or 1% 48
400029189 Unanchored Retail 73 100 Greater of YM or 1% 48
400030915 Unanchored Retail 83 97 Greater of YM or 1% 48
09-0001072 Unanchored Retail 59 99 Defeasance 28
400029209 Unanchored Retail 74 100 Greater of YM or 1% 48
400029251 Unanchored Retail 68 86 Defeasance 36
R0497 Unanchored Retail 68 100 Defeasance 36
R0297 Unanchored Retail 80 89 Defeasance 36
400029171 Unanchored Retail 68 94 Greater of YM or 1% 36
400029221 Unanchored Retail 71 100 Greater of YM or 1% 36
R0311 Unanchored Retail 76 95 Defeasance 36
09-0001056 Unanchored Retail 75 83 Defeasance 36
400030867 Unanchored Retail 55 96 Greater of YM or 1% 48
09-0001038 Unanchored Retail 75 89 Defeasance 36
09-0001168 Unanchored Retail 79 86 Defeasance 36
R0886 Unanchored Retail 68 89 Defeasance 36
R0887 Unanchored Retail 74 100 Defeasance 36
400029126 Unanchored Retail 75 86 Greater of YM or 1% 48
R0597 Unanchored Retail 72 100 Defeasance 36
MU0036 Unanchored Retail 69 95 Defeasance 36
09-0001073 Unanchored Retail 55 85 Defeasance 28
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
date when date when
prepayment no of months of defeasance
LOANID Basic Property Types lockout expires defeasance expires
ANUM PTYPE UNLOCKDT DEFTERM UNDEFDT
===============================================================================================================
<S> <C> <C> <C> <C>
TBD1B Multifamily 1/1/07 0
TBD1C Multifamily 1/1/07 0
TBD1D Multifamily 1/1/07 0
TBD1E Multifamily 1/1/07 0
TBD1F Multifamily 1/1/07 0
TBD1G Multifamily 1/1/07 0
TBD1H Multifamily 1/1/07 0
TBD1I Multifamily 1/1/07 0
TBD1J Multifamily 1/1/07 0
TBD1K Multifamily 1/1/07 0
TBD1L Multifamily 1/1/07 0
TBD1M Multifamily 1/1/07 0
TBD1N Multifamily 1/1/07 0
TBD1O Multifamily 1/1/07 0
400029191 Anchored Retail 07/01/02 0
R0315 Anchored Retail 08/01/01 84 07/31/08
400029201 Anchored Retail 06/01/02 0
09-0001128 Anchored Retail 09/01/01 324 09/01/08
400029207 Anchored Retail 07/01/02 0
R0480 Anchored Retail 09/01/01 78 03/01/08
09-0001122 Anchored Retail 08/01/01 81 05/01/08
400029154 Anchored Retail 04/01/02 0
400029134 Anchored Retail 04/01/02 0
R0254 Anchored Retail 11/01/00 85 12/01/07
400029121 Anchored Retail 04/01/01 0
R0304 Anchored Retail 11/01/00 83 10/01/07
400029148 Anchored Retail 04/01/02 0
R0514 Anchored Retail 07/01/01 78 01/01/08
400029274 Anchored Retail 08/01/02 0
R0464 Anchored Retail 07/01/01 78 01/01/08
R0412 Anchored Retail 06/01/01 78 12/01/07
09-0001037 Anchored Retail 05/01/01 81 02/01/08
R0463 Anchored Retail 10/01/01 78 04/01/08
400030893 Industrial 10/01/02 0
09-0001111 Industrial 09/01/01 81 06/01/08
400029145 Industrial 03/01/02 0
400029205 Industrial 06/01/02 0
09-0001085 Industrial 08/01/01 321 05/01/08
MU0114 Industrial 10/01/01 78 04/01/08
400029149 Industrial 04/01/02 0
09-0001086 Industrial 07/01/01 323 06/01/08
400029184 Industrial 04/01/04 0
400028305 Industrial 04/01/01 78 09/01/07
400029294 Industrial 08/01/02 0
09-0001065 Lodging 06/01/01 83 05/01/08
400030964 Lodging 10/01/01 81 06/01/08
400030965 Lodging 10/01/01 81 06/01/08
400030966 Lodging 10/01/01 81 06/01/08
L0184 Lodging 07/01/01 78 01/01/08
400030967 Lodging 10/01/01 81 06/01/08
400029158 Lodging 04/01/06 24 03/01/08
400029190 Lodging 05/01/02 0
400029157 Mixed Use 03/01/01 78 08/01/07
M0171 Multifamily 11/01/00 90 05/01/08
400031048 Multifamily 09/01/01 81 05/01/08
400029169 Multifamily 03/01/01 78 08/01/07
400029232 Multifamily 07/01/02 0
400029257 Multifamily 07/01/02 0
09-0001070 Multifamily 07/01/01 81 04/01/08
400031123 Multifamily 08/01/01 81 05/01/08
09-0001123 Multifamily 08/01/01 81 05/01/08
M0290 Multifamily 11/01/00 83 10/01/07
09-0001084 Multifamily 07/01/01 81 04/01/08
400029139 Multifamily 03/01/01 288 03/01/08
400029208 Multifamily 05/01/01 78 10/01/07
400029306 Multifamily 09/01/01 81 05/01/08
M0220 Multifamily 04/01/01 0
M0262 Multifamily 11/01/00 83 10/01/07
400029182 Multifamily 06/01/02 0
400029183 Multifamily 05/01/02 0
400028269 Multifamily 05/01/02 0
400029252 Multifamily 07/01/02 0
M0263 Multifamily 11/01/00 83 10/01/07
09-0001051 Multifamily 11/01/00 91 06/01/08
M0415 Multifamily 06/01/01 84 06/01/08
400029178 Multifamily 05/01/02 0
M0537 Multifamily 09/01/01 78 03/01/08
400029137 Multifamily 04/01/02 0
09-0001075 Multifamily 07/01/01 83 06/01/08
M0514 Multifamily 11/01/00 88 03/01/08
M0288 Multifamily 11/01/00 83 10/01/07
M0443 Multifamily 09/01/01 78 03/01/08
M0289 Multifamily 11/01/00 83 10/01/07
09-0001042 Multifamily 04/10/01 81 01/10/08
400029168 Multifamily 04/01/02 0
400029202 Multifamily 05/01/01 78 10/01/07
M0364 Multifamily 09/01/01 78 03/01/08
09-0001045 Multifamily 05/01/01 83 04/01/08
M0264 Multifamily 11/01/00 83 10/01/07
M0330 Multifamily 08/01/01 78 02/01/08
M0172 Multifamily 05/01/01 78 11/01/07
09-0001036 Multifamily 04/01/01 81 01/01/08
400029185 Multifamily 05/01/02 0
09-0001082 Multifamily 07/01/01 83 06/01/08
M0462 Multifamily 09/01/01 78 03/01/08
09-0001035 Multifamily 04/01/01 81 01/01/08
400029299 Multifamily 08/01/02 0
09-0001107 Multifamily 08/01/01 81 05/01/08
09-0001106 Nursing Home, Skilled 11/01/00 0
400030935 Office 10/01/01 0
400029311 Office 09/01/01 0
400029156 Office 06/01/02 0
400029223 Office 07/01/01 0
O0179 Office 07/01/01 42 01/01/05
400029172 Office 06/01/02 0
O0359 Office 09/01/01 78 03/01/08
400029253 Office 09/01/02 0
400029235 Office 07/01/02 0
O0259 Office 03/01/01 84 02/28/08
400030934 Office 10/01/01 78 03/01/08
O0422 Office 11/01/00 89 04/01/08
400029119 Office 04/01/02 0
400029210 Office 07/01/01 78 12/01/07
O0541 Office 09/01/01 0
O0253 Office 07/01/01 78 01/01/08
O0311 Office 11/01/00 84 11/01/07
400029129 Office 03/01/02 0
400029262 Office 08/01/02 0
O0148 Office 03/01/01 84 02/28/08
O0265 Office 11/01/00 81 08/01/07
400029250 Self-Storage 07/01/02 0
400029200 Special Purpose 06/01/02 0
400029216 Special Purpose 08/01/02 0
400029180 Unanchored Retail 04/01/02 0
400029204 Unanchored Retail 05/01/02 0
400030913 Unanchored Retail 10/01/01 0
400029187 Unanchored Retail 06/01/03 0
400028277 Unanchored Retail 01/01/01 78 06/01/07
09-0001091 Unanchored Retail 08/01/01 83 07/01/08
400029246 Unanchored Retail 08/05/02 0
400029189 Unanchored Retail 05/01/02 0
400030915 Unanchored Retail 10/01/02 0
09-0001072 Unanchored Retail 11/01/00 91 06/01/08
400029209 Unanchored Retail 07/01/02 0
400029251 Unanchored Retail 08/01/01 78 01/01/08
R0497 Unanchored Retail 09/01/01 78 03/01/08
R0297 Unanchored Retail 06/01/01 78 11/04/07
400029171 Unanchored Retail 04/01/01 0
400029221 Unanchored Retail 07/01/01 0
R0311 Unanchored Retail 06/01/01 78 12/01/07
09-0001056 Unanchored Retail 06/01/01 83 05/01/08
400030867 Unanchored Retail 09/01/02 0
09-0001038 Unanchored Retail 05/01/01 81 02/01/08
09-0001168 Unanchored Retail 10/01/01 81 07/01/08
R0886 Unanchored Retail 10/01/01 78 04/01/08
R0887 Unanchored Retail 10/01/01 78 04/01/08
400029126 Unanchored Retail 04/01/02 0
R0597 Unanchored Retail 09/01/01 78 03/01/08
MU0036 Unanchored Retail 10/01/01 78 04/01/08
09-0001073 Unanchored Retail 11/01/00 91 06/01/08
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
no of months yield date when yield no of months
yield maintenance maintenance when loan is open
LOANID Basic Property Types maintenance type expires to repay
ANUM PTYPE YMTERM YMTYPE YMDT OPEN
=====================================================================================================================
<S> <C> <C> <C> <C> <C>
TBD1B Multifamily 0 12
TBD1C Multifamily 0 12
TBD1D Multifamily 0 12
TBD1E Multifamily 0 12
TBD1F Multifamily 0 12
TBD1G Multifamily 0 12
TBD1H Multifamily 0 12
TBD1I Multifamily 0 12
TBD1J Multifamily 0 12
TBD1K Multifamily 0 12
TBD1L Multifamily 0 12
TBD1M Multifamily 0 12
TBD1N Multifamily 0 12
TBD1O Multifamily 0 12
400029191 Anchored Retail 66 12/01/07 6
R0315 Anchored Retail 0 0
400029201 Anchored Retail 66 11/01/07 6
09-0001128 Anchored Retail 0 0
400029207 Anchored Retail 66 12/01/07 6
R0480 Anchored Retail 0 6
09-0001122 Anchored Retail 0 3
400029154 Anchored Retail 67 10/01/07 6
400029134 Anchored Retail 66 09/01/07 6
R0254 Anchored Retail 0 4
400029121 Anchored Retail 78 09/01/07 6
R0304 Anchored Retail 0 6
400029148 Anchored Retail 66 09/01/07 6
R0514 Anchored Retail 0 6
400029274 Anchored Retail 66 01/01/08 6
R0464 Anchored Retail 0 6
R0412 Anchored Retail 0 6
09-0001037 Anchored Retail 0 3
R0463 Anchored Retail 0 6
400030893 Industrial 66 03/01/08 6
09-0001111 Industrial 0 3
400029145 Industrial 66 08/01/07 6
400029205 Industrial 66 11/01/07 6
09-0001085 Industrial 0 3
MU0114 Industrial 0 6
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MU0036 Unanchored Retail 0 6
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</TABLE>
