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Previous: GO2NET INC, 424B3, 1998-10-02 |
Next: PIVOT RULES INC, DEFM14A, 1998-10-02 |
<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 1, 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 Exhibit 99.4 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
----------- -----------
99.4 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 1, 1998 By: /s/ Ed. L. Hurley
-----------------------------
Ed. L. Hurley,
Vice President, General
Counsel and 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>
Control Loan
Number Number Property Name Property Address
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 TBD1 VMS Roll-up
TBD1 VMS-Scothollow Apartments 203 Laurie Meadows Drive.
TBD1 VMS-The Bluffs Apartments 12601 SE River Road
TBD1 VMS-Buena Vista Apartments 300 E. Bellevue Drive
TBD1 VMS-Casa De Monterey 12301 Studebaker Road
TBD1 VMS-Chappelle Le Grande 200 West 75th Place
TBD1 VMS-Crosswood Park Apartments 6801 San Thomas Drive
TBD1 VMS-Forest Ridge Apartments 3720 Yaqui Drive
TBD1 VMS-Mountain View Apartments 650 E. Bonita Ave.
TBD1 VMS-North Park Apartments 1125 Wellington Dr.
TBD1 VMS-Pathfinder Village 39800 Fremont Blvd.
TBD1 VMS-Shadowood Apartments 1001 McKeen Place
TBD1 VMS-Terrace Gardens Apartments 10100 Grand Plaza
TBD1 VMS-Towers of Westchester 6200 Westchester Park Dr.
TBD1 VMS-Vista Village Apartments 10535 Montwood Drive
TBD1 VMS-Watergate Apartments 8101 Cantrell Road
2 M0514 Hobbits Grove Apartments 5320 Cedar Lane
3 09-0001123 Springdale Villa Apartments 6000 Garden Grove Boulevard
4 09-0001042 Briarwood Village Apartments 2215 Avenida La Quinta
5 M0171 Fremont Garden Apartments 4200 Bay Street
6 M0462 Cottonwood Cabanas Apartments 4653 Cotton Drive
7 09-0001082 Canterbury Village Apartments 7251 Chaucer Place
8 400029139 Redstone Apartments 500 South Prospect Street
9 400029257 Indian Lookout Apartments 98 Anderson Ferry Road
10 400029169 Braden Creek Apartments 4801 South Braden Avenue
11 400031048 Palm Springs Village Apartments 2720-2786 East Tahquitz Canyon
12 400029202 Villa Acapulco Apartments 9707 Braeburn Glen Road
13 M0330 Acadian House / Willow Bend Roll-up
M0330 Acadian House Apartments 710 South College Road
M0330 Willow Bend Apartments 4770 Johnston Street
14 09-0001160 Plaza at River Oaks Apartments 1020 West Gray and 1945 West B
15 400029299 Ogden Manor Apartments 395 West Ogden Avenue
16 400029232 Riverside Village Apartments 2800 - 5th Avenue NE
17 M0415 Northridge Villa Apartments 67,69,93,95,97 Castro Street
18 400029306 University Gardens Apartments 2212-2222 Rio Grande Street
19 400029252 Cimarron Apartments 850 East Commercial Boulevard
20 M0429 The Seasons Apartments and Townhouses 9100 Walker Road
21 400029137 Shirley Court Apartments 7201 Bradford Road
22 400029178 422 Mystic Avenue 422 Mystic Avenue
23 400028210 Royal Village Apartments 2838 - 2848 Royal Lane
24 400029227 800 - 802 Lexington Avenue 800-802 Lexington Avenue
25 M0263 Country Acres Apartments 209, 301, 309 11th Avenue East
26 400031128 Chateau Hilgard 962 Hilgard Avenue
27 09-0001045 Westbury Park Apartments 1295 Franklin Drive
28 09-0001107 Southgate Suites & Apartments 2339 Fort Benning Road
29 M0487 II Frances Place Apartments 1701 McKeen Place
30 400027560 Concord House/Concord Terrace 1001 Villa Drive/ 306 Park Dri
31 M0537 Cedar Shores Apartments 3434 Blanding Boulevard
32 400030868 The Cascade Apartments 1500 San Francisco Court
33 M0443 Tree House Apartments 1800 Park Avenue
34 400029183 Fairlawn Gardens Apartments 116 Fairlawn Gardens
35 09-0001084 Westwood Apartments 3254 Las Vegas Trail
36 400029208 Summit Apartments 411 West "K" Place
37 400028269 Westmoor Apartments 800-810 West Melrose Avenue
38 09-0001051 Town View Apartments 4999 S. Buckner Boulevard
39 400031123 Whitewood Oaks Apartments 200 Whitewood Drive
40 09-0001070 Sierra Trails Apartments 2800 Las Vegas Trail
41 400029185 Spring Heights Fourplexes 409C Summer Court
42 M0264 Executive East Apartments 1244, 1248, 1252 E. St. Germai
43 400029188 Lillian Cove Duplexes 2300-3305 Lillian Cove
44 400029168 The Eagle Crest Townhome Apts. 7200 South Presa Street
45 400029182 Chatham Street Apartments 333 Chatham St. & 5 Oakwood Av
46 M0262 Oakwood Heights Apartments 1615 - 7th Street SE
47 M0220 121 Seaman Avenue 121 Seaman Avenue
48 M0290 Geneva Apartments 110 & 120 15th Street Court
49 400030869 The Park Square Apartments 4019 Park Square Drive
50 09-0001075 Shadow Glen Apartments 3435 St. Francis Street
51 M0288 Southview Apartments 1000-1st Street NE and 200-11t
52 M0289 The Crossings Apartments #3-14th Avenue NE
53 M0364 Riverchase Apartments 1565 Fitzgerald's Boulevard
54 400030870 Park Ridge Apartments 1620 South Pecan Drive
55 09-0001035 The Mason Apartments 4302-4306 McKinney Avenue
56 M0172 Roxbury Crossing Apartments 1458-1460 Tremont Street/1715
57 09-0001036 McKinney Avenue Apartments 4238 McKinney Avenue
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Control Loan Property
Number Number City State Zip Type
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 TBD1
TBD1 San Mateo CA 94403 Multifamily
TBD1 Milwaukee OR 97222 Multifamily
TBD1 Pasadena CA 91101 Multifamily
TBD1 Norwalk CA 90650 Multifamily
TBD1 Merrillville IN 46410 Multifamily
TBD1 Citrus Heights CA 95621 Multifamily
TBD1 Flagstaff AZ 86001 Multifamily
TBD1 San Dimas CA 91773 Multifamily
TBD1 Evansville IN 47710 Multifamily
TBD1 Fremont CA 94538 Multifamily
TBD1 Monroe LA 71201 Multifamily
TBD1 Omaha NE 68134 Multifamily
TBD1 College Park MD 20740 Multifamily
TBD1 El Paso TX 79935 Multifamily
TBD1 Little Rock AR 72227 Multifamily
2 M0514 Columbia MD 21044 Multifamily
3 09-0001123 Westminister CA 92683 Multifamily
4 09-0001042 Houston TX 77077 Multifamily
5 M0171 Fremont CA 94538 Multifamily
6 M0462 Memphis TN 38118 Multifamily
7 09-0001082 Dallas TX 75237 Multifamily
8 400029139 Burlington VT 05401 Multifamily
9 400029257 Cincinnati OH 45238 Multifamily
10 400029169 Tulsa OK 74135 Multifamily
11 400031048 Palm Springs CA 92262 Multifamily
12 400029202 Houston TX 77074 Multifamily
13 M0330
M0330 Lafayette LA 70503 Multifamily
M0330 Lafayette LA 70506 Multifamily
14 09-0001160 Houston TX 77027 Multifamily
15 400029299 Naperville IL 60540 Multifamily
16 400029232 Puyallup WA 98372 Multifamily
17 M0415 Salinas CA 93906 Multifamily
18 400029306 Austin TX 78705 Multifamily
19 400029252 Oakland Park FL 33334 Multifamily
20 M0429 Monroe LA 71203 Multifamily
21 400029137 Upper Darby PA 19082 Multifamily
22 400029178 Sommerville MA 02145 Multifamily
23 400028210 Dallas TX 75229 Multifamily
24 400029227 New York NY Multifamily
25 M0263 Sartell MN 56379 Multifamily
26 400031128 Los Angeles CA 90024 Multifamily
27 09-0001045 Marietta GA 30067 Multifamily
28 09-0001107 Columbus GA 31903 Multifamily
29 M0487 Monroe LA 71201 Multifamily
30 400027560 Euless TX 77804 Multifamily
31 M0537 Jacksonville FL 33210 Multifamily
32 400030868 Arlington TX 76012 Multifamily
33 M0443 Orange Park FL 32073 Multifamily
34 400029183 Martinsburg WV 25401 Multifamily
35 09-0001084 Fort Worth TX 76116 Multifamily
36 400029208 Jenks OK 74037 Multifamily
37 400028269 Findlay OH 45840 Multifamily
38 09-0001051 Dallas TX 75227 Multifamily
39 400031123 San Antonio TX 78242 Multifamily
40 09-0001070 Ft. Worth TX 76116 Multifamily
41 400029185 College Station TX 77840 Multifamily
42 M0264 St. Cloud MN 56304 Multifamily
43 400029188 Conway AR 72302 Multifamily
44 400029168 San Antonio TX 78223 Multifamily
45 400029182 Lynn MA 01902 Multifamily
46 M0262 St. Cloud MN 56304 Multifamily
47 M0220 New York NY 10034 Multifamily
48 M0290 Sauk Rapids MN 56379 Multifamily
49 400030869 Arlington TX 76013 Multifamily
50 09-0001075 Dallas TX 75228 Multifamily
51 M0288 Sartell MN 56377 Multifamily
52 M0289 St. Cloud MN 56304 Multifamily
53 M0364 Robinsonville MS 38664 Multifamily
54 400030870 Arlington TX 76013 Multifamily
55 09-0001035 Dallas TX 75205 Multifamily
56 M0172 Roxbury MA 02120 Multifamily
57 09-0001036 Dallas TX UAV Multifamily
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Control Loan Original Cut-Off Balance at
Number Number Balance Date Balance Maturity
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 TBD1 110,000,000 109,149,602.00 91,914,717.03
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
2 M0514 11,850,000 11,850,000.00 10,854,845.32
3 09-0001123 10,050,000 10,043,601.50 8,752,248.58
4 09-0001042 9,800,000 9,764,584.39 8,535,018.24
5 M0171 9,400,000 9,377,622.52 8,303,361.89
6 M0462 8,740,000 8,740,000.00 7,583,811.83
7 09-0001082 5,482,500 5,475,477.09 4,773,943.49
8 400029139 5,200,000 5,167,205.39 4,265,188.76
9 400029257 4,800,000 4,790,357.82 4,202,455.89
10 400029169 4,750,000 4,724,308.04 4,145,041.63
11 400031048 4,600,000 4,596,273.83 4,018,780.87
12 400029202 4,560,000 4,544,413.09 3,994,540.03
13 M0330 4,500,000 4,497,186.39 3,925,182.01
M0330 - - -
M0330 - - -
14 09-0001160 4,050,000 4,050,000.00 3,488,469.25
15 400029299 4,000,000 3,994,737.21 3,474,620.18
16 400029232 4,000,000 3,991,922.33 3,500,213.57
17 M0415 3,960,000 3,952,397.91 3,482,336.95
18 400029306 3,950,000 3,947,393.78 3,428,862.97
19 400029252 3,850,000 3,835,431.38 3,018,862.43
20 M0429 3,760,000 3,753,898.75 138,076.98
21 400029137 3,600,000 3,572,859.17 2,829,212.42
22 400029178 3,500,000 3,485,824.41 3,011,857.27
23 400028210 3,525,000 3,473,921.89 2,319,917.41
24 400029227 3,270,000 3,263,907.06 2,883,657.37
25 M0263 3,100,000 3,089,511.79 2,718,418.23
26 400031128 3,000,000 3,000,000.00 2,483,382.42
27 09-0001045 3,000,000 2,992,400.01 2,635,143.64
28 09-0001107 2,985,000 2,983,566.15 2,657,899.89
29 M0487 2,945,000 2,945,000.00 96,907.21
30 400027560 2,800,000 2,752,584.72 -
31 M0537 2,720,000 2,720,000.00 2,369,693.42
32 400030868 2,660,000 2,658,356.95 2,039,157.09
33 M0443 2,400,000 2,400,000.00 2,090,906.29
34 400029183 2,300,000 2,291,935.47 2,009,508.79
35 09-0001084 2,275,000 2,272,466.01 2,004,426.92
36 400029208 2,200,000 2,192,069.46 1,916,536.66
37 400028269 2,150,000 2,142,707.21 1,884,864.64
38 09-0001051 2,040,000 2,037,653.87 1,792,768.11
39 400031123 1,800,000 1,798,850.56 1,567,148.79
40 09-0001070 1,800,000 1,797,863.76 1,577,755.55
41 400029185 1,760,000 1,753,953.17 1,540,946.58
42 M0264 1,750,000 1,744,079.24 1,534,591.09
43 400029188 1,680,000 1,661,183.80 43,856.84
44 400029168 1,550,000 1,539,727.50 1,243,484.38
45 400029182 1,500,000 1,496,157.54 1,316,206.30
46 M0262 1,328,000 1,323,472.27 1,163,626.28
47 M0220 1,325,000 1,320,942.56 1,173,211.44
48 M0290 1,325,000 1,320,482.49 1,160,997.11
49 400030869 1,100,000 1,099,320.54 843,260.78
50 09-0001075 1,064,000 1,062,799.52 936,495.89
51 M0288 1,050,000 1,046,447.51 920,753.60
52 M0289 1,000,000 996,616.72 876,909.25
53 M0364 960,000 959,461.87 844,908.83
54 400030870 900,000 899,452.53 691,506.94
55 09-0001035 697,000 694,070.04 597,123.33
56 M0172 625,000 622,537.01 508,474.16
57 09-0001036 590,750 588,266.69 506,098.99
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
First
Control Loan Loan Mortgage Note Payment
Number Number Type Rate Date Date
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 TBD1 Balloon 8.5000 12/29/97 2/1/98
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
2 M0514 Balloon 6.3700 9/1/98 10/1/98
3 09-0001123 Balloon 6.9400 7/31/98 9/1/98
4 09-0001042 Balloon 6.9400 4/8/98 5/10/98
5 M0171 Balloon 7.4800 4/28/98 6/1/98
6 M0462 Balloon 6.8100 8/5/98 10/1/98
7 09-0001082 Balloon 6.9300 6/16/98 8/1/98
8 400029139 Hyperamortizing 7.0500 2/23/98 4/1/98
9 400029257 Balloon 7.1400 5/28/98 7/1/98
10 400029169 Balloon 7.0400 1/28/98 3/1/98
11 400031048 Balloon 7.0600 7/31/98 9/1/98
12 400029202 Balloon 7.1600 3/4/98 5/1/98
13 M0330 Balloon 7.0000 7/20/98 9/1/98
M0330 -
M0330 -
14 09-0001160 Balloon 6.6000 9/4/98 11/1/98
15 400029299 Balloon 6.8400 6/30/98 8/1/98
16 400029232 Balloon 7.1200 5/15/98 7/1/98
17 M0415 Balloon 7.3100 5/29/98 7/1/98
18 400029306 Balloon 6.8200 7/2/98 9/1/98
19 400029252 Balloon 6.9000 5/8/98 7/1/98
20 M0429 Fully Amortizing 7.4000 7/27/98 9/1/98
21 400029137 Balloon 6.9800 2/25/98 4/1/98
22 400029178 Balloon 7.1200 3/10/98 5/1/98
23 400028210 Balloon 8.8320 5/20/97 7/1/97
24 400029227 Balloon 7.4200 5/8/98 7/1/98
25 M0263 Balloon 7.2000 3/25/98 5/1/98
26 400031128 Balloon 6.7900 8/20/98 10/1/98
27 09-0001045 Balloon 7.2600 4/16/98 6/1/98
28 09-0001107 Balloon 7.8100 7/13/98 9/1/98
29 M0487 Fully Amortizing 7.0800 8/24/98 10/1/98
30 400027560 Fully Amortizing 8.2700 10/31/97 12/1/97
31 M0537 Balloon 6.8300 8/27/98 10/1/98
32 400030868 Balloon 7.0400 7/28/98 9/1/98
33 M0443 Balloon 6.8300 8/27/98 10/1/98
34 400029183 Balloon 7.0600 3/20/98 5/1/98
35 09-0001084 Balloon 7.3800 6/30/98 8/1/98
36 400029208 Balloon 6.9500 3/19/98 5/1/98
37 400028269 Balloon 7.1900 3/13/98 5/1/98
38 09-0001051 Balloon 7.2800 6/9/98 8/1/98
39 400031123 Balloon 6.9300 7/31/98 9/1/98
40 09-0001070 Balloon 7.1800 6/4/98 8/1/98
41 400029185 Balloon 7.1400 3/12/98 5/1/98
42 M0264 Balloon 7.2000 3/25/98 5/1/98
43 400029188 Fully Amortizing 6.9700 3/4/98 5/1/98
44 400029168 Balloon 7.0800 2/13/98 4/1/98
45 400029182 Balloon 7.2200 4/2/98 6/1/98
46 M0262 Balloon 7.1700 3/26/98 5/1/98
47 M0220 Balloon 7.5800 3/31/98 5/1/98
48 M0290 Balloon 7.1700 3/26/98 5/1/98
49 400030869 Balloon 7.0400 7/28/98 9/1/98
50 09-0001075 Balloon 7.3400 6/9/98 8/1/98
51 M0288 Balloon 7.2000 3/25/98 5/1/98
52 M0289 Balloon 7.2000 3/25/98 5/1/98
53 M0364 Balloon 7.3500 8/7/98 10/1/98
54 400030870 Balloon 7.0900 7/28/98 9/1/98
55 09-0001035 Balloon 6.9300 3/19/98 5/1/98
56 M0172 Balloon 7.5400 4/8/98 6/1/98
57 09-0001036 Balloon 6.9300 3/19/98 5/1/98
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Interest Original Term Original
Control Loan Accrual Monthly to Maturity Amortization
Number Number Method Payment (Months) Term (Months)
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 TBD1 Actual Days / 360 Year-Days 879,519.87 120 319
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
TBD1 - - -
2 M0514 Actual Days / 360 Year-Days 73,889.84 120 360
3 09-0001123 Actual Days / 360 Year-Days 66,458.42 120 360
4 09-0001042 Actual Days / 360 Year-Days 64,805.22 120 360
5 M0171 Actual Days / 360 Year-Days 65,597.48 120 360
6 M0462 Actual Days / 360 Year-Days 57,036.49 120 360
7 09-0001082 Actual Days / 360 Year-Days 36,217.83 120 360
8 400029139 30 Month-Days / 360 Year-Days 35,936.04 120 324
9 400029257 Actual Days / 360 Year-Days 32,387.10 120 360
10 400029169 Actual Days / 360 Year-Days 31,729.57 120 360
11 400031048 30 Month-Days / 360 Year-Days 30,789.50 120 360
12 400029202 Actual Days / 360 Year-Days 30,829.36 120 360
13 M0330 Actual Days / 360 Year-Days 29,938.61 120 360
M0330 - - -
M0330 - - -
14 09-0001160 Actual Days / 360 Year-Days 25,865.68 120 360
15 400029299 Actual Days / 360 Year-Days 26,183.67 120 360
16 400029232 Actual Days / 360 Year-Days 26,935.24 120 360
17 M0415 Actual Days / 360 Year-Days 27,175.53 120 360
18 400029306 Actual Days / 360 Year-Days 25,803.69 120 360
19 400029252 30 Month-Days / 360 Year-Days 26,965.89 120 300
20 M0429 Actual Days / 360 Year-Days 30,060.81 240 240
21 400029137 30 Month-Days / 360 Year-Days 25,398.14 120 300
22 400029178 30 Month-Days / 360 Year-Days 23,568.34 120 360
23 400028210 30 Month-Days / 360 Year-Days 29,177.20 180 300
24 400029227 Actual Days / 360 Year-Days 22,685.45 120 360
25 M0263 Actual Days / 360 Year-Days 21,042.43 120 360
26 400031128 Actual Days / 360 Year-Days 19,537.78 144 360
27 09-0001045 Actual Days / 360 Year-Days 20,485.64 120 360
28 09-0001107 Actual Days / 360 Year-Days 21,508.80 120 360
29 M0487 Actual Days / 360 Year-Days 22,974.19 240 240
30 400027560 30 Month-Days / 360 Year-Days 23,893.00 240 240
31 M0537 Actual Days / 360 Year-Days 17,786.75 120 360
32 400030868 Actual Days / 360 Year-Days 17,768.56 180 360
33 M0443 Actual Days / 360 Year-Days 15,694.19 120 360
34 400029183 Actual Days / 360 Year-Days 15,394.75 120 360
35 09-0001084 Actual Days / 360 Year-Days 15,720.61 120 360
36 400029208 Actual Days / 360 Year-Days 14,562.85 120 360
37 400028269 Actual Days / 360 Year-Days 14,579.39 120 360
38 09-0001051 Actual Days / 360 Year-Days 13,957.93 120 360
39 400031123 Actual Days / 360 Year-Days 11,890.94 120 360
40 09-0001070 Actual Days / 360 Year-Days 12,193.83 120 360
41 400029185 Actual Days / 360 Year-Days 11,875.27 120 360
42 M0264 Actual Days / 360 Year-Days 11,878.79 120 360
43 400029188 Actual Days / 360 Year-Days 13,671.01 216 216
44 400029168 Actual Days / 360 Year-Days 11,034.31 120 300
45 400029182 Actual Days / 360 Year-Days 10,202.14 120 360
46 M0262 Actual Days / 360 Year-Days 8,987.35 120 360
47 M0220 Actual Days / 360 Year-Days 9,337.28 120 360
48 M0290 Actual Days / 360 Year-Days 8,967.05 120 360
49 400030869 Actual Days / 360 Year-Days 7,347.90 180 360
50 09-0001075 Actual Days / 360 Year-Days 7,323.42 120 360
51 M0288 Actual Days / 360 Year-Days 7,127.28 120 360
52 M0289 Actual Days / 360 Year-Days 6,787.88 120 360
53 M0364 Actual Days / 360 Year-Days 6,614.13 120 360
54 400030870 Actual Days / 360 Year-Days 6,042.22 180 360
55 09-0001035 30 Month-Days / 360 Year-Days 4,604.44 120 360
56 M0172 Actual Days / 360 Year-Days 4,634.97 120 300
57 09-0001036 30 Month-Days / 360 Year-Days 3,902.54 120 360
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Remaining Term Lockout
Control Loan to Maturity Maturity Cross Collateralized / Expiration
Number Number (Months) Date Defaulted Date
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 TBD1 112 1/1/08 Yes 1/1/07
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
TBD1 -
2 M0514 120 9/1/08 No 9/1/00
3 09-0001123 119 8/1/08 No 8/1/01
4 09-0001042 115 4/10/08 No 4/10/01
5 M0171 116 5/1/08 No 5/1/00
6 M0462 120 9/1/08 No 9/1/01
7 09-0001082 118 7/1/08 No 7/1/01
8 400029139 114 3/1/08 No 3/1/01
9 400029257 117 6/1/08 No 7/1/02
10 400029169 113 2/1/08 No 3/1/01
11 400031048 119 8/1/08 No 8/1/01
12 400029202 115 4/1/08 No 5/1/01
13 M0330 119 8/1/08 No 8/1/01
M0330 -
M0330 -
14 09-0001160 120 10/1/08 No 10/1/01
15 400029299 118 7/1/08 No 8/1/02
16 400029232 117 6/1/08 No 7/1/02
17 M0415 117 6/1/08 No 6/1/01
18 400029306 119 8/1/08 No 9/1/01
19 400029252 117 6/1/08 No 7/1/02
20 M0429 239 8/1/18 No 8/1/01
21 400029137 114 3/1/08 No 4/1/02
22 400029178 115 4/1/08 No 5/1/02
23 400028210 165 6/1/12 No 7/1/01
24 400029227 117 6/1/08 No 7/1/01
25 M0263 115 4/1/08 No 9/1/00
26 400031128 144 9/1/10 No 9/1/02
27 09-0001045 116 5/1/08 No 5/1/01
28 09-0001107 119 8/1/08 No 8/1/01
29 M0487 240 9/1/18 No 9/1/01
30 400027560 230 11/1/17 No 12/1/01
31 M0537 120 9/1/08 Yes 9/1/01
32 400030868 179 8/1/13 No 9/1/05
33 M0443 120 9/1/08 Yes 9/1/01
34 400029183 115 4/1/08 No 5/1/02
35 09-0001084 118 7/1/08 No 7/1/01
36 400029208 115 4/1/08 No 5/1/01
37 400028269 115 4/1/08 No 5/1/02
38 09-0001051 118 7/1/08 No 11/1/00
39 400031123 119 8/1/08 No 8/1/01
40 09-0001070 118 7/1/08 No 7/1/01
41 400029185 115 4/1/08 No 5/1/02
42 M0264 115 4/1/08 No 9/1/00
43 400029188 211 4/1/16 No 5/1/02
44 400029168 114 3/1/08 No 4/1/02
45 400029182 116 5/1/08 No 6/1/02
46 M0262 115 4/1/08 No 9/1/00
47 M0220 115 4/1/08 No 4/1/01
48 M0290 115 4/1/08 No 9/1/00
49 400030869 179 8/1/13 No 9/1/05
50 09-0001075 118 7/1/08 No 7/1/01
51 M0288 115 4/1/08 No 9/1/00
52 M0289 115 4/1/08 No 9/1/00
53 M0364 120 9/1/08 No 9/1/01
54 400030870 179 8/1/13 No 9/1/05
55 09-0001035 115 4/1/08 No 4/1/01
56 M0172 116 5/1/08 No 5/1/01
57 09-0001036 115 4/1/08 No 4/1/01
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Cut-Off
Control Loan Appraised Appraisal Date LTV
Number Number Prepayment Penalty Description (Months) Value Date Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 TBD1 Lock/108_0%12 154,975,000 -
TBD1 55,500,000 8/28/98 71.00
TBD1 5,925,000 9/1/98 71.00
TBD1 8,500,000 8/29/98 71.00
TBD1 5,700,000 8/31/98 71.00
TBD1 4,350,000 8/27/98 71.00
TBD1 10,000,000 8/28/98 71.00
TBD1 8,600,000 8/31/98 71.00
TBD1 10,650,000 8/28/98 71.00
TBD1 8,400,000 9/1/98 71.00
TBD1 2,600,000 8/28/98 71.00
TBD1 3,350,000 9/2/98 71.00
TBD1 6,250,000 8/31/98 71.00
TBD1 17,000,000 8/31/98 71.00
TBD1 3,650,000 9/1/98 71.00
TBD1 4,500,000 8/29/98 71.00
2 M0514 Lock/24_Defeasance/90_0%/6 16,000,000 8/1/98 74.10
3 09-0001123 Lock/36_81/Defeasance_0%/3 12,670,000 6/23/98 79.30
4 09-0001042 Lock/36_Defeasance/81_0%/3 12,120,000 3/9/98 80.90
5 M0171 Lock/24_Defeasance/96 13,250,000 10/9/97 70.90
6 M0462 Lockout/36_Defeasance/78_0%/6 11,285,000 6/29/98 77.50
7 09-0001082 Lock/36_Defeasance/83_0%/1 6,100,000 4/23/98 89.90
8 400029139 Lock/36_Defeasance/324 6,570,000 11/1/97 79.20
9 400029257 Lock/48_ greater than YM or 1%/66_0%/6 6,050,000 3/17/98 79.30
10 400029169 Lock/36_Defeasance/78_0%/6 5,950,000 12/29/97 79.80
11 400031048 Lock/36_Defeasance/81_0%/3 6,050,000 6/23/98 76.00
12 400029202 Lock/36_Defeasance/78_0%/6 5,700,000 12/18/97 80.00
13 M0330 Lockout/36_Defeasance/78_0%/6 5,700,000 -
M0330 2,600,000 4/15/98 79.00
M0330 3,100,000 4/15/98 79.00
14 09-0001160 Lockout/36_Defeasance/81_0%/3 4,950,000 8/3/98 81.80
15 400029299 Lock/48_ greater than YM or 1%/66_0%/6 6,480,000 5/1/98 61.70
16 400029232 Lock/48_ greater than YM or 1%/66_0%/6 5,100,000 4/10/98 78.40
17 M0415 Lock/36_Defeasance/84 4,900,000 4/21/98 80.80
18 400029306 Lock/36_Defeasance/81_0%/3 5,200,000 5/21/98 76.00
19 400029252 Lock/48_ greater than YM or 1%/68_0%/4 5,175,000 3/26/98 74.40
20 M0429 Lockout/36_Defeasance/198_0%/6 4,714,000 5/28/98 79.80
21 400029137 Lock/48_ greater than YM or 1%/66_0%/6 4,500,000 11/12/97 80.00
22 400029178 Lock/48_ greater than YM/66_0%/6 4,390,000 1/15/98 79.70
23 400028210 Lock/49_ greater than YM or 1%/125_0%/6 4,750,000 4/7/97 74.20
24 400029227 Lock/36_ greater than YM or 1%/78_0%/6 4,500,000 12/17/97 72.70
25 M0263 Lock/29_Defeasance/85_0%/6 3,900,000 2/20/98 79.50
26 400031128 Lock/48_ greater than YM or 1%/90_0%/6 3,975,000 6/26/98 75.50
27 09-0001045 Lock/36_Defeasance/83_0%/1 4,300,000 4/14/98 69.80
28 09-0001107 Lock/36_Defeasance/81_0%/3 4,800,000 2/19/98 62.20
29 M0487 Lock/36_Defeasance/198_0%/6 3,847,000 7/24/98 76.50
30 400027560 Lock/49_ greater than YM or 1%/65_0%/6 3,700,000 8/28/97 75.70
31 M0537 Lock/36_Defeasance/78_0%/6 3,400,000 7/8/98 80.00
32 400030868 Lock/84_ greater than YM or 1%/90_0%/6 3,325,000 6/24/98 80.00
33 M0443 Lock/36_Defeasance/78_0%/6 3,000,000 7/8/98 80.00
34 400029183 Lock/48_ greater than YM or 1%/66_0%/6 3,000,000 10/20/97 76.70
35 09-0001084 Lock/36_Defeasance/81_0%/3 2,950,000 4/7/98 77.10
36 400029208 Lock/36_Defeasance/78_0%/6 2,600,000 2/17/98 84.60
37 400028269 Lock/48_ greater than YM or 1%/66_0%/6 2,735,000 6/18/97 78.60
38 09-0001051 Lock/28_Defeasance/91_0%/1 2,400,000 3/22/98 85.00
39 400031123 Lock/36_Defeasance/81_0%/? 2,300,000 6/3/98 78.30
40 09-0001070 Lock/36_Defeasance/81_0%/3 2,100,000 4/7/98 85.70
41 400029185 Lock/48_ greater than 1% or YM/66_0%/6 2,300,000 2/5/98 76.50
42 M0264 Lock/29_Defeasance/85_0%/6 2,300,000 2/20/98 76.10
43 400029188 Lock/48_ greater than YM or 1%/162_0%/6 2,100,000 1/5/98 80.00
44 400029168 Lock/48_ greater than YM or 1%/66_0%/6 2,145,000 10/24/97 72.30
45 400029182 Lock/48_ greater than YM or 1%/66_0%/6 1,990,000 2/2/98 75.40
46 M0262 Lock/29_Defeasance/85_0%/6 1,650,000 2/20/98 80.50
47 M0220 Lock/36_Defeasance/78_0%/6 1,800,000 11/16/97 73.60
48 M0290 Lock/29_Defeasance/85_0%/6 1,660,000 3/8/98 79.80
49 400030869 Lock/84_ greater than YM or 1%/90_0%/6 1,825,000 6/24/98 60.30
50 09-0001075 Lock/36_Defeasance/83_0%/1 1,230,000 5/7/98 86.50
51 M0288 Lock/29_Defeasance/85_0%/6 1,435,000 3/8/98 73.20
52 M0289 Lock/29_Defeasance/85_0%/6 1,340,000 3/8/98 74.60
53 M0364 Lockout/36_Defeasance/78_0%/6 1,200,000 5/21/98 80.00
54 400030870 Lock/84_ greater than YM or 1%/90_0%/6 1,290,000 6/24/98 69.80
55 09-0001035 Lock/36_Defeasance/81_0%/3 875,000 3/1/98 79.70
56 M0172 Lock/36_Defeasance/78_0%/6 900,000 1/1/98 69.40
57 09-0001036 Lock/36_Defeasance/81_0%/3 740,000 3/1/98 79.80
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Total Units/ SF/ Net
Control Loan Year Built/ Rooms Units/Rooms/ Rentable
Number Number Renovated Beds Beds Area (SF)
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 TBD1 2,959 2,622,111
TBD1 1971 418 Units 324,235
TBD1 1967, 1971 137 Units 101,071
TBD1 1973 92 Units 77,858
TBD1 1970 144 Units 107,744
TBD1 1973 105 Units 86,745
TBD1 1977 180 Units 192,232
TBD1 1968-1975 278 Units 189,528
TBD1 1978 168 Units 167,336
TBD1 1970-1974 284 Units 257,000
TBD1 1971 246 Units 227,628
TBD1 1974 120 Units 106,920
TBD1 1971 126 Units 145,482
TBD1 1968 301 Units 332,026
TBD1 1971 220 Units 156,150
TBD1 1973 140 Units 150,156
2 M0514 1990 170 Units 177,284
3 09-0001123 1969-70 216 Units 153,622
4 09-0001042 1983 / 1998 342 Units 280,268
5 M0171 1980 160 Units 110,640
6 M0462 1965 384 Units 261,856
7 09-0001082 1970 348 Units 302,600
8 400029139 1992 to 1993 81 Units 91,508
9 400029257 1980 / 1993-1997 135 Units 111,777
10 400029169 1971 / 1996 304 Units 219,088
11 400031048 1972 / 1994 156 Units 123,330
12 400029202 1979 / 1997 292 Units 232,692
13 M0330 201 178,365
M0330 1975 / 1991 & 1996 92 Units 84,460
M0330 1975 / 1991 & 1996 109 Units 93,905
14 09-0001160 1997 44 Units 40,984
15 400029299 1979 / 1994-95 108 Units 72,185
16 400029232 1988 / 1996 120 Units 97,240
17 M0415 1986 / 1997 104 Units 72,306
18 400029306 1969 / 1996 100 Units 65,719
19 400029252 1973 / 1997-1998 106 Units 98,000
20 M0429 1984 / 1992 149 Units 145,650
21 400029137 1932 150 Units 80,780
22 400029178 1986 and 1987 50 Units 47,966
23 400028210 1972 and 1974 / 1990 to 1996 300 Units 202,340
24 400029227 1932 13 Units 13,000
25 M0263 1991 105 Units 88,413
26 400031128 1989 24 Units 18,136
27 09-0001045 1981 / 1996 128 Units 104,360
28 09-0001107 1955 / 1995-96 104 Units 93,195
29 M0487 1985 / 1997 100 Units 99,704
30 400027560 1967 / 1994-96 322 Units 255,022
31 M0537 1968 / 1997 103 Units 100,912
32 400030868 1980 120 Units 101,837
33 M0443 1974 / 1996 92 Units 85,280
34 400029183 1970 / 1996/1997 112 Units 95,779
35 09-0001084 1970 / 1996 167 Units 165,058
36 400029208 1983 and 1986 96 Units 84,340
37 400028269 1970's & 1996 56 Units 55,744
38 09-0001051 1984 127 Units 73,134
39 400031123 1963-1965 / 1995-1996 130 Units 99,150
40 09-0001070 1970 / 1995 116 Units 106,680
41 400029185 1981 to 1983 76 Units 68,396
42 M0264 1989 72 Units 64,962
43 400029188 1994 - 1996 42 Units 44,310
44 400029168 1974 / 1997 135 Units 79,185
45 400029182 1975/1979 66 Units 45,500
46 M0262 1996 38 Units 33,852
47 M0220 1932 41 Units 36,793
48 M0290 1990 48 Units 44,532
49 400030869 1984 / 1997 106 Units 60,060
50 09-0001075 1984 / 1994 48 Units 43,860
51 M0288 1990 48 Units 38,746
52 M0289 1989 39 Units 33,440
53 M0364 1995 24 Units 21,232
54 400030870 1985 42 Units 42,866
55 09-0001035 1955 25 Units 16,660
56 M0172 1893 / 1990, 1995-1996 12 Units
57 09-0001036 1979 / 1996 19 Units 11,530
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Control Loan Occupancy Utilities Paid Studios
Number Number Occupancy as of Date County by Tenant Unit Rent
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 TBD1 - - -
TBD1 97 8/28/98 San Mateo Electric only - -
TBD1 97 9/1/98 Clackamas Electric only 19 475
TBD1 99 8/29/98 Los Angeles Electric only - -
TBD1 96 8/31/98 Los Angeles Electric only - -
TBD1 92 8/27/98 Lake Electric only - -
TBD1 95 8/28/98 Sacramento Electric only - -
TBD1 91 8/31/98 Coconino Electric only - -
TBD1 99 8/28/98 Los Angeles Electric only - -
TBD1 99 9/1/98 Henderson Electric only - -
TBD1 97 8/31/98 Alemeda Electric only - -
TBD1 97 9/2/98 Quachita Parish Electric only - -
TBD1 95 8/31/98 Douglas Electric only - -
TBD1 98 8/31/98 Prince George's County No utilities 30 695
TBD1 100 9/1/98 El Paso No utilities 10 445
TBD1 88 8/27/98 Pulaski Electric only - -
2 M0514 96 8/28/98 Howard Electric only - -
3 09-0001123 96 7/21/98 Orange Electric only 22 608
4 09-0001042 93 3/25/98 Harris Electric only - -
5 M0171 94 4/30/98 Alameda Electric only 24 800
6 M0462 99 6/22/98 Shelby Electricity/Gas - -
7 09-0001082 87 5/31/98 Dallas No utilities - -
8 400029139 100 2/18/98 Chittenden Electric only - -
9 400029257 95 5/20/98 Hamilton County Electric only - -
10 400029169 91 1/31/98 Tulsa Electricity/Gas 24 275
11 400031048 92 7/6/98 Riverside Electric only - -
12 400029202 93 3/1/98 Harris Electric only - -
13 M0330 - - -
M0330 98 6/25/98 Lafayette Parish Electric only - -
M0330 100 4/30/98 Lafayette Parish Electric only 1 670
14 09-0001160 92 8/31/98 Harris, Fort Bend, Montgomery All utilities - -
15 400029299 98 6/1/98 Dupage Electricity/Gas - -
16 400029232 97 4/30/98 Pierce Electricity/Gas - -
17 M0415 99 5/1/98 Monterey Water/Electricity - -
18 400029306 6/10/98 Travis County Electric only - -
19 400029252 99 4/21/98 Broward All utilities - -
20 M0429 95 7/27/98 Ouachita All utilities - -
21 400029137 97 2/9/98 Delaware No utilities 6 435
22 400029178 92 3/4/98 Middlesex Electric only - -
23 400028210 97 4/30/97 Dallas Electricity/Gas 92 402
24 400029227 100 12/17/97 New York Electricity Only - -
25 M0263 100 4/28/98 Benton Electricity/Gas - -
26 400031128 100 7/14/98 Los Angeles Electricity/Gas - -
27 09-0001045 94 4/14/98 Cobb All utilities - -
28 09-0001107 88 6/30/98 Muscogee No utilities - -
29 M0487 94 7/31/98 Ouachita Parish Electric only - -
30 400027560 95 9/10/97 Tarrant Electricity/Gas 9 295
31 M0537 95 8/1/98 Duval Water/Electricity - -
32 400030868 100 6/30/98 Tarrant Electric only 2 380
33 M0443 98 6/22/98 Clay Electric only 8 415
34 400029183 99 3/4/98 Berkeley Electric only - -
35 09-0001084 96 4/7/98 Tarrant Electric only - -
36 400029208 93 2/23/98 Tulsa Electric only - -
37 400028269 100 2/19/98 Hancock Electricity/Gas - -
38 09-0001051 94 3/25/98 Dallas Electric only 6 255
39 400031123 85 7/20/98 Bexar Electricity/Gas 34 347
40 09-0001070 93 5/18/98 Tarrant County No utilities 1 350
41 400029185 99 2/17/98 Brazos Electric only - -
42 M0264 97 4/28/98 Benton Electricity/Gas - -
43 400029188 100 2/9/98 Faulkner All utilities - -
44 400029168 90 1/23/98 Bexar Electric only - -
45 400029182 92 3/18/98 Essex Electric only 1 450
46 M0262 97 3/1/98 Benton Electricity/Gas - -
47 M0220 95 5/28/98 New York Electric only - -
48 M0290 96 2/1/98 Benton Electricity/Gas - -
49 400030869 89 6/9/88 Tarrant Electric only - -
50 09-0001075 94 6/1/98 Dallas Electric only - -
51 M0288 96 4/28/98 Benton Electricity/Gas - -
52 M0289 100 4/28/98 Benton Electricity/Gas 1 300
53 M0364 96 7/31/98 Tunica Electricity/Gas - -
54 400030870 100 6/30/98 Tarrant Electric only - -
55 09-0001035 99 1/20/98 Dallas No utilities 5 550
56 M0172 100 4/8/98 Suffolk Electricity/Gas - -
57 09-0001036 100 1/20/98 Dallas No utilities 4 475
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Control Loan 1 Bedroom 2 Bedroom
Number Number Units Rent Units Rent
- -------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 TBD1 - - - -
TBD1 240 1,211 127 1,617
TBD1 64 520 48 634
TBD1 51 999 35 1,174
TBD1 112 636 32 840
TBD1 34 626 59 726
TBD1 66 660 93 838
TBD1 168 576 96 727
TBD1 - - 124 876
TBD1 136 446 148 590
TBD1 - - 142 1,132
TBD1 64 485 52 601
TBD1 - - 63 748
TBD1 123 802 103 1,011
TBD1 75 496 135 586
TBD1 28 477 70 586
2 M0514 48 934 74 1,048
3 09-0001123 150 680 44 855
4 09-0001042 254 524 88 645
5 M0171 52 935 84 1,118
6 M0462 80 395 304 435
7 09-0001082 120 440 160 575
8 400029139 8 700 46 897
9 400029257 75 535 60 680
10 400029169 184 331 96 421
11 400031048 107 515 48 623
12 400029202 240 360 40 465
13 M0330 - - - -
M0330 24 413 60 505
M0330 48 420 60 515
14 09-0001160 30 765 14 1,900
15 400029299 80 770 19 880
16 400029232 48 488 56 572
17 M0415 52 548 52 627
18 400029306 100 666 - -
19 400029252 4 575 86 668
20 M0429 42 385 107 475
21 400029137 126 531 18 626
22 400029178 - - 42 994
23 400028210 96 480 80 594
24 400029227 13 665 - -
25 M0263 41 423 51 508
26 400031128 20 1,491 4 1,919
27 09-0001045 44 495 84 594
28 09-0001107 1 380 102 583
29 M0487 24 453 76 520
30 400027560 133 380 168 466
31 M0537 30 473 62 541
32 400030868 73 449 45 579
33 M0443 40 495 24 595
34 400029183 29 464 72 514
35 09-0001084 54 353 112 466
36 400029208 20 375 52 446
37 400028269 8 400 40 632
38 09-0001051 89 403 32 535
39 400031123 30 417 60 512
40 09-0001070 64 352 51 490
41 400029185 20 415 56 511
42 M0264 18 400 36 480
43 400029188 - - 42 559
44 400029168 105 335 30 435
45 400029182 30 550 35 650
46 M0262 10 440 28 578
47 M0220 39 574 2 761
48 M0290 2 395 34 465
49 400030869 76 345 30 425
50 09-0001075 - - 48 588
51 M0288 11 390 34 460
52 M0289 17 410 18 510
53 M0364 - - 24 568
54 400030870 - - 20 495
55 09-0001035 20 659 - -
56 M0172 - - 1 930
57 09-0001036 10 587 5 880
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Control Loan 3 Bedroom 4 Bedroom
Number Number Units Rent Units Rent Elevators
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1 TBD1 - - - -
TBD1 1 1,800 - - Yes
TBD1 6 750 - - No
TBD1 6 1,375 - - Yes
TBD1 - - - - No
TBD1 12 957 - - No
TBD1 21 1,000 - - No
TBD1 14 890 - - No
TBD1 44 1,020 - - No
TBD1 - - - - No
TBD1 104 1,343 - - No
TBD1 4 725 - - No
TBD1 63 799 - - No
TBD1 45 1,325 - - Yes
TBD1 - - - - No
TBD1 42 737 - - No
2 M0514 48 1,208 - - No
3 09-0001123 - - - - Yes
4 09-0001042 - - - - No
5 M0171 - - - - No
6 M0462 - - - - No
7 09-0001082 68 691 - - No
8 400029139 8 1,200 19 1,435 No
9 400029257 - - - - No
10 400029169 - - - - No
11 400031048 - - - - Yes
12 400029202 12 550 - - No
13 M0330 - - - -
M0330 8 625 - - No
M0330 - - - - No
14 09-0001160 - - - - No
15 400029299 9 959 - - Yes
16 400029232 16 690 - - No
17 M0415 - - - - Yes
18 400029306 - - - - Yes
19 400029252 16 846 - - No
20 M0429 - - - - No
21 400029137 - - - - Yes
22 400029178 8 1,206 - - Yes
23 400028210 32 725 - - No
24 400029227 - - - - No
25 M0263 13 620 - - Yes
26 400031128 - - - - Yes
27 09-0001045 - - - - No
28 09-0001107 1 660 - - No
29 M0487 - - - - No
30 400027560 12 590 - - No
31 M0537 11 638 - - No
32 400030868 - - - - No
33 M0443 20 705 - - No
34 400029183 11 631 - - No
35 09-0001084 1 640 - - No
36 400029208 24 534 - - No
37 400028269 8 550 - - No
38 09-0001051 - - - - No
39 400031123 6 575 - - No
40 09-0001070 - - - - No
41 400029185 - - - - No
42 M0264 18 600 - - No
43 400029188 - - - - No
44 400029168 - - - - No
45 400029182 - - - - No
46 M0262 - - - - Yes
47 M0220 - - - - Yes
48 M0290 12 585 - - No
49 400030869 - - - - No
50 09-0001075 - - - - No
51 M0288 3 575 - - No
52 M0289 3 600 - - No
53 M0364 - - - - No
54 400030870 22 595 - - No
55 09-0001035 - - - - No
56 M0172 8 945 3 1,165 No
57 09-0001036 - - - - No
</TABLE>
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