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Previous: CMP MEDIA INC, S-1MEF, 1997-07-24 |
Next: NETBANK INC, S-1/A, 1997-07-24 |
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: July 17, 1997
(Date of earliest event reported)
Asset Securitization Corporation
Commercial Mortgage Pass-Through Certificates, Series 1997-MDVII
(Exact Name of registrant as specified in its charter)
Delaware 33-49370-03 13-3672337
(State or Other Juris- (Commission (I.R.S. Employer
diction of Incorporation) File Number) Identification Number)
Two World Financial Center, Building B, New York, New York 10281
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code: 212-667-9300
This Document contains exactly 4 Pages.
The Exhibit Index is on Page 4.
<PAGE>
ITEM 5. OTHER EVENTS
This Current Report on Form 8-K relates to the Trust
Fund formed, and the Commercial Mortgage Pass-Through Certificates
Series 1997-MDVII issued pursuant to a Pooling and Servicing
Agreement, dated as of March 27, 1997 (the "Pooling and Servicing
Agreement"), by and among Asset Securitization Corporation (the
"Company"), as depositor, Pacific Mutual Life Insurance Company, as
servicer and special servicer, LaSalle National Bank, as trustee
and ABN AMRO Bank N.V., as fiscal agent.
Capitalized terms used herein and not defined herein have
the same meanings ascribed to such terms in the Pooling and
Servicing Agreement.
Pursuant to Section 3.22 of the Pooling and Servicing
Agreement, Servicer is filing this Current Report containing the
July 15, 1997 monthly distribution report prepared by the
Trustee pursuant to Section 4.02(a) thereof.
The Servicer has received and will make available, upon
receipt of a written request, the financial information required
pursuant to the Mortgage Loans. The following financial information
is available for the period ending March 31, 1997:
M&H II Insurance Company of the West
Innskeepers 101 Hudson
G&L Fairfield Inns
Design Center of the Americas
This Current Report is being filed by the Servicer, in
its capacity as such under the Pooling and Servicing Agreement, on
behalf of the Registrant. The information reported and contained
herein has been supplied to the Servicer by one or more of the
Borrowers or other third parties without independent review or
investigation by the Servicer. Pursuant to the Pooling and
Servicing Agreement, the Servicer is not responsible for the
accuracy or completeness of such information.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
5.1 99 Monthly distribution
report pursuant to
Section 4.02(a) dated
July 15, 1997.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
behalf of the Registrant by the undersigned thereunto duly
authorized.
Date: July 17,1997 PACIFIC MUTUAL LIFE INSURANCE
SERVICER UNDER THE POOLING AND
SERVICING AGREEMENT ON BEHALF OF
ASSET SECURITIZATION
CORPORATION, REGISTRANT
By: /s/ C. S. Dillion
Vice President
By: /s/ J. C. Stallings
Assistant Secretary
<PAGE>
EXHIBIT INDEX
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
5.1 99 Monthly distribution
report pursuant to
Section 4.02(a) dated
July 15, 1997.
ABN AMRO
LaSalle National Bank
Administrator:
Juliana Man (800) 246-5761
135 S. LaSalle Street Suite 1740
Chicago, IL 60603
Pacific Mutual Life Insurance Company, as Servicer
Commercial Mortgage Pass-Through Certificates
Series 1997-MD VII
ABN AMRO Acct: 67-7723-60-3
Payment Date: 07/15/97
Prior Payment: 06/13/97
Record Date: 07/10/97
WAC: 8.030471%
WAMM: 275
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 3
Other Related Information 4
Asset Backed Facts Sheets 1
Total Pages Included In This Package 9
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
Remic II
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1A 115,435,756.00 113,633,467.29
045424EG9 1000.000000000 984.387084449
A-1B 214,279,224.00 214,279,224.00
045424EH7 1000.000000000 1000.000000000
PS-1 499,568,151.79 N 497,765,863.08
045424EJ3 1000.000000000 996.392306628
CS-1 115,435,756.00 N 113,633,467.29
045424EK0 1000.000000000 984.387084449
A-2 42,463,292.00 42,463,292.00
045424EL8 1000.000000000 1000.000000000
A-3 39,965,452.00 39,965,452.00
045424EM6 1000.000000000 1000.000000000
A-4 37,467,611.00 37,467,611.00
045424EN4 1000.000000000 1000.000000000
A-5 27,476,248.00 27,476,248.00
045424EP9 1000.000000000 1000.000000000
A-6 9,991,363.00 9,991,363.00
045424EQ7 1000.000000000 1000.000000000
B-1 12,488,205.00 12,488,205.00
045424FB9, 1000.000000000 1000.000000000
B-1H 1,000.79 1,000.79
9ABSA339 1000.000000000 1000.000000000
R 0.00 0.00
045424FC7 1000.000000000 0.000000000
499,568,151.79 497,765,863.08
Notes: (1) N denotes notional balance not included in total
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1A 676,723.15 0.00 0.00
045424EG9 5.862335670 0.000000000 0.000000000
A-1B 0.00 0.00 0.00
045424EH7 0.000000000 0.000000000 0.000000000
PS-1 0.00 0.00 0.00
045424EJ3 0.000000000 0.000000000 0.000000000
CS-1 0.00 0.00 0.00
045424EK0 0.000000000 0.000000000 0.000000000
A-2 0.00 0.00 0.00
045424EL8 0.000000000 0.000000000 0.000000000
A-3 0.00 0.00 0.00
045424EM6 0.000000000 0.000000000 0.000000000
A-4 0.00 0.00 0.00
045424EN4 0.000000000 0.000000000 0.000000000
A-5 0.00 0.00 0.00
045424EP9 0.000000000 0.000000000 0.000000000
A-6 0.00 0.00 0.00
045424EQ7 0.000000000 0.000000000 0.000000000
B-1 0.00 0.00 0.00
045424FB9, 0.000000000 0.000000000 0.000000000
B-1H 0.00 0.00 0.00
9ABSA339 0.000000000 0.000000000 0.000000000
R 0.00 0.00 0.00
045424FC7 0.000000000 0.000000000 0.000000000
676,723.15 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
A-1A 112,956,744.14 693,164.15 0.00 7.32000000%
045424EG9 978.524748779 6.004761211 0.000000000Fixed
A-1B 214,279,224.00 1,323,174.21 0.00 7.41000000%
045424EH7 1000.000000000 6.175000008 0.000000000Fixed
PS-1 497,089,139.93 137,879.54 0.00 0.33239614%
045424EJ3 995.037690351 0.275997458 0.000000000 0.44821672%
CS-1 112,956,744.14 62,069.56 0.00 0.65547122%
045424EK0 978.524748779 0.537697869 0.000000000 0.92310431%
A-2 42,463,292.00 264,881.46 0.00 7.48547122%
045424EL8 1000.000000000 6.237892719 0.000000000 7.75310431%
A-3 39,965,452.00 252,297.61 0.00 7.57547122%
045424EM6 1000.000000000 6.312892695 0.000000000 7.84310431%
A-4 37,467,611.00 242,773.61 0.00 7.77547122%
045424EN4 1000.000000000 6.479559372 0.000000000 8.04310431%
A-5 27,476,248.00 182,613.35 0.00 7.97547122%
045424EP9 1000.000000000 6.646225860 0.000000000 8.24310431%
A-6 9,991,363.00 66,404.86 0.00 7.97547122%
045424EQ7 1000.000000000 6.646226346 0.000000000 8.24310431%
B-1 12,488,205.00 82,999.43 0.00 7.97547122%
045424FB9, 1000.000000000 6.646225779 0.000000000 8.24310431%
B-1H 1,000.79 6.66 0.00 7.97547122%
9ABSA339 1000.000000000 6.654742753 0.000000000 8.24310431%
R 0.00 0.00 0.00
045424FC7 0.000000000 0.000000000 0.000000000
497,089,139.93 3,308,264.44 0.00
Total P&I Payment 3,984,987.59
(2)Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Remic I
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1A-L 115,435,756.00 113,633,467.29
None 1000.000000000 984.387084449
A-1B-L 214,279,224.00 214,279,224.00
None 1000.000000000 1000.000000000
A-2-L 42,463,292.00 42,463,292.00
None 1000.000000000 1000.000000000
A-3-L 39,965,452.00 39,965,452.00
None 1000.000000000 1000.000000000
A-4-L 37,467,611.00 37,467,611.00
None 1000.000000000 1000.000000000
A-5-L 27,476,248.00 27,476,248.00
None 1000.000000000 1000.000000000
A-6-L 9,991,363.00 9,991,363.00
None 1000.000000000 1000.000000000
B-1-L 12,488,205.00 12,488,205.00
None 1000.000000000 1000.000000000
B-1H-L 1,000.79 1,000.79
None 1000.000000000 1000.000000000
LR 0.00 0.00
9ABSA343 1000.000000000 0.000000000
499,568,151.79 497,765,863.08
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1A-L 676,723.15 0.00 0.00
None 5.862335670 0.000000000 0.000000000
A-1B-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-2-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-3-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-4-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-5-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-6-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
B-1-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
B-1H-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
LR 0.00 0.00 0.00
9ABSA343 0.000000000 0.000000000 0.000000000
676,723.15 0.00 0.00
Class Closing Interest Interest Pass-Through
CUSIP Balance Payment Adjustment Rate (2)
Per $1,000 Per $1,000 Per $1,000 Next Rate
(3)
A-1A-L 112,956,744.14 755,233.71 0.00 7.97547122%
None 978.524748779 6.542459080 0.000000000 8.24310431%
A-1B-L 214,279,224.00 1,424,148.15 0.00 7.97547122%
None 1000.000000000 6.646226001 0.000000000 8.24310431%
A-2-L 42,463,292.00 282,220.64 0.00 7.97547122%
None 1000.000000000 6.646226110 0.000000000 8.24310431%
A-3-L 39,965,452.00 265,619.43 0.00 7.97547122%
None 1000.000000000 6.646226095 0.000000000 8.24310431%
A-4-L 37,467,611.00 249,018.21 0.00 7.97547122%
None 1000.000000000 6.646225990 0.000000000 8.24310431%
A-5-L 27,476,248.00 182,613.35 0.00 7.97547122%
None 1000.000000000 6.646225860 0.000000000 8.24310431%
A-6-L 9,991,363.00 66,404.86 0.00 7.97547122%
None 1000.000000000 6.646226346 0.000000000 8.24310431%
B-1-L 12,488,205.00 82,999.43 0.00 7.97547122%
None 1000.000000000 6.646225779 0.000000000 8.24310431%
B-1H-L 1,000.79 6.66 0.00 7.97547122%
None 1000.000000000 6.654742753 0.000000000 8.24310431%
LR 0.00 0.00 0.00
9ABSA343 0.000000000 0.000000000 0.000000000
497,089,139.93 3,308,264.44 0.00
Total P&I Payment 0.00
(2)Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Grantor Trust
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
V-1 0.00 0.00
9ABSA340 1000.000000000 0.000000000
V-2 0.00 0.00
9ABSA341 1000.000000000 0.000000000
0.00 0.00
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
V-1 0.00 0.00 0.00
9ABSA340 0.000000000 0.000000000 0.000000000
V-2 0.00 0.00 0.00
9ABSA341 0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
Closing Interest Interest Pass-
Through
Class Balance Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate
(3)
V-1 0.00 0.00 0.00
9ABSA340 0.000000000 0.000000000 0.000000000
V-2 0.00 0.00 0.00
9ABSA341 0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
Total P&I Payment 0.00
(2)Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Distribution Delinq 1 Month
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution Delinq 2 Months
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution Delinq 3+ Months
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution Foreclosure/Bankruptcy
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution REO
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution Modifications
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution Prepayments
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution Curr Weighted Avg.
Date Coupon Remit
7/15/97 8.0305% 7.9755%
6/13/97 8.2982% 8.2432%
5/14/97 8.0306% 7.9756%
4/15/97 8.0306% 7.9756%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
Specially Serviced Loan Detail
Beginning
Disclosure Scheduled Interest Maturity
Control # Balance Rate Date
Specially
Disclosure Property Serviced
Control # Type Status Code (1) Comments
(1) Legend :
1) Request for waiver of Prepayment Penalty
2) Payment default
3) Request for Loan Modification or Workout
4) Loan with Borrower Bankruptcy
5) Loan in Process of Foreclosure
6) Loan now REO Property
7) Loans Paid Off
8) Loans Returned to Master Servicer
Modified Loan Detail
Disclosure Modification
Control # Date
Realized Loss Detail
Dist. Disclosure Appraisal
Date Control # Date
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Current Total 0
Cumulative 0
Aggregate liquidation expenses also include outstanding
P&I advances and unpaid servicing fees, unpaid trustee fees, etc..
Disclosure Appraisal Scheduled Gross
Control # Value Balance Proceeds
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0
Gross Proceeds Aggregate Net
Disclosure as a % of Liquidation Liquidation
Control # Sched Principal Expenses * Proceeds
0 0
0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
Net Proceeds
Disclosure as a % of Realized
Control # Sched. Balance Loss
0
0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Other Related Information
Accrued Prepayment Current
Certificate Interest Prepayment Interest
Class Interest Shortfall Premiums Shortfall
A-1A 693,164.15 0.00 0.00 0.00
A-1B 1,323,174.21 0.00 0.00 0.00
PS-1 137,879.54 0.00 0.00 0.00
CS-1 62,069.56 0.00 0.00 0.00
A-2 264,881.46 0.00 0.00 0.00
A-3 252,297.61 0.00 0.00 0.00
A-4 242,773.61 0.00 0.00 0.00
A-5 182,613.35 0.00 0.00 0.00
A-6 66,404.86 0.00 0.00 0.00
B-1 82,999.43 0.00 0.00 0.00
B-1H 6.65 0.00 0.00 0.00
Totals: 3,308,264.43 0.00 0.00 0.00
Prior Ending Actual
Unpaid Unpaid Distribution
Class Interest Interest of Interest
A-1A 0.00 0.00 693,164.15
A-1B 0.00 0.00 1,323,174.21
PS-1 0.00 0.00 137,879.54
CS-1 0.00 0.00 62,069.56
A-2 0.00 0.00 264,881.46
A-3 0.00 0.00 252,297.61
A-4 0.00 0.00 242,773.61
A-5 0.00 0.00 182,613.35
A-6 0.00 0.00 66,404.86
B-1 0.00 0.00 82,999.43
B-1H 0.00 0.00 6.66
Totals: 0.00 0.00 3,308,264.44
Advances
Prior Outstanding
Principal Interest
0.00 0.00
Made by Servicer: 0.00 0.00
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
Current Month
Principal Interest
Made by Servicer: 0.00 0.00
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
Recovered
Principal Interest
Made by Servicer: 0.00 0.00
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
Advances Outstanding
Principal Interest
Made by Servicer: 0.00 0.00
Made by Trustee: 0.00 0.00
Made by Fiscal Agent: 0.00 0.00
Servicing Compensat
Compensation Servicer Trustee Servicer
Current Accrued Fees: 20,740.24 2,074.02 0.00
Addl. Servicing Compensation 0.00 0.00 0.00
Interest on Advances 0.00 0.00 0.00
Totals: 20,740.24 2,074.02 0.00
REO Property Information
Principal Appraisal
# Collateral Id Date of REO Balance Value
1.
2. No REO Information to
Report as of the
3.
REO Property Information
Other Reven Date of Amount of
# Collateral Id Collected Final Recovery Proceeds
1.
2.
3.
Repurchased Loans
Outstanding Repurchase
# Collateral Id Balance Price
1. 0.00 0.00
2. 0.00 0.00
3. 0.00 0.00
Totals: 0.00 0.00
Realized Principal Losses
Current Cumulative
Mortgage Pool 0.00 0.00
Certificates 0.00 0.00
0.00 0.00
Totals: 0.00 0.00
Fairfield Inns by Marriott
Ground Rent Reserve Account: 134,166.65
Tax & Insurance Reserve: 2,047,152.29
Debt Service Reserve Account: 3,087,344.94
Capital Expenditure and FF&E Reserve Accoun 5,458,789.01
Subordinated Rental Obligations: 0.00
Incentive Management Fees: 0.00
ADA Compliance Reserve: 235,406.00
Environmental Reserve: 111,750.00
Deferred Maintenance Reserve: 3,552,260.00
Earthquake Restoration Reserve Account: 300,000.00
101 Hudson Street
Tax & Insurance Account: 408,376.86
Debt Service Reserve Account: 0.00
Capital Expenditure Reserve Account: 112,974.00
Lease Rollover Reserve Account: 195,000.00
ADA Compliance Reserve: 99,000.00
Deferred Maintenance Reserve: 62,500.00
Additional Amortization Reserve Account: 0.00
UDC Reserve Account: 0.00
M&H Retail
Basic Carrying Costs Sub-Account: 635,000.00
Debt Service Payment Sub-Account: 408,341.27
Extraordinary Operating Expense Sub-Account 101,102.39
Tenant Improvement Sub-Account: 400,000.00
Operating Expense Sub-Account: 0.00
Innkeepers
Tax and Insurance Escrow Fund: 536,855.00
Monthly Debt Service Payment: 285,250.00
Capital Reserve Fund: 490,560.50
Additional Capital Reserve Fund: 700,000.00
Approved Operating Expenses: 0.00
Required Repair Account: 2,916,219.00
Design Center of the Americas
Tax & Insurance Reserve: 745,681.24
Debt Service Reserve: 294,816.36
Alternative Tax & Insurance Fund: 0.00
Capital Reserve Fund: 0.00
Special Escrow Fund: 0.00
Alternative Capital Reserve Fund: 589,632.72
Casualty/Condemnation: 171,335.00
G&L Medical Office
Basic Carrying Costs: 295,184.01
Security Deposit: 411,215.06
Debt Service Reserve: 284,640.81
Capital Reserve : 66,193.50
Leasing Reserve: 525,000.00
Cigna Replacement Lease Reserve: 0.00
Insurance Company of the West
Debt Service Payment: 28.10
Balance of the Mortgage Loans at the Beginning of the Interest Accrual
Period:
497,765,863.08
Balance of the Mortgage Loans at the End of the Interest Accrual Period:
497,089,139.93
Prepayment Interest Shortfalls: 0.00
Servicer Prepayment Interest Shortfalls: 0.00
Prepayment Premiums: 0.00
Default Interest: 0.00
Net Default Interest: 0.00
Excess Interest: 0.00
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