ABNAMRO LaSalle ABSTS 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: March 13, 1998
(Date of earliest event reported)
GS Mortgage Securities Corporation II
(Sponsor)
(Issuer in Respect of Commercial Mortgage Pass-Through Certificates
Series 1997-GL 1)
(Exact name of registrant as specified in charter)
Delaware 33-99774-02 22-3442024
(State or other juris- (Commission (I.R.S. Employer
diction of organization) File No.) Identification No.)
85 Broad Street, New York, New York 10004
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code
(212) 902-1000
(Former name or former address, if changed since last report.)
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-GL 1 issued pursuant to, a Pooling and Servicing Agreement,
dated as of August 11, 1997 (the "Pooling and Servicing Agreement"), by
and among GS Mortgage Securities Corporation II, as sponsor, GMAC
Commercial Mortgage Corporation, as master servicer and special servicer,
LaSalle National Bank, as trustee and REMIC administrator, and
ABN AMRO Bank, N.V., as fiscal agent. The Class A-1, Class A-2A,
Class A-2B, Class A-2C, Class A-2D, Class X-1A and Class X-2 Certificates
have been registered pursuant to the Act under a Registration Statement on
Form S-3 (File No.333-27083) (the "Registration Statement").
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 3.20 of the Pooling and Servicing Agreement
, the Trustee is filing this Current Report containing the December 15, 1997
monthly distribution report prepared by the Trustee pursuant to Section
4.02 thereof.
Pursuant to an EDGAR continuing hardship exemption granted
by the Securities and Exchange Commission by letter dated November 5,
1997 as provided in Rule 202 of Regulation S-T, certain information received
from the borrowers under the loan documents will be filed separately in
paper format.
This Current Report is being filed by the Trustee, 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 Trustee
by one or more of the Master Servicer, the Special Servicer or other
third parties without independent review or investigation by the Trustee.
Pursuant to the Pooling and Servicing Agreement, the Trustee is not
responsible for the accuracy or completeness of such information.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
(c) Exhibits
Exhibit No. Description
99.1 Monthly distribution report pursuant to
Section 4.02 of the Pooling and Servicing
Agreement for the distribution on
March 13, 1998.
99.2* Certain information received from the
borrowers pursuant to the loan documents.
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.
LASALLE NATIONAL BANK, IN
ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND
SERVICING AGREEMENT ON
BEHALF OF GS MORTGAGE
SECURITIES CORPORATION II, REGISTRANT
By:
/s/ Russell Goldenberg
Russell Goldenberg,
Senior Vice President
Date: March 26, 1998
*IN ACCORDANCE WITH RULE 202 OF REGULATION S-T,
THIS EXHIBIT IS BEING FILED IN PAPER PURSUANT TO
A CONTINUING HARDSHIP EXEMPTION.
Exhibit Index
Exhibit No. Description
99.1 Monthly distribution report pursuant to
Section 4.02 of the Pooling and Servicing
Agreement for the distribution on March 13, 1998.
99.2* Certain information received from the borrowers
pursuant to the loan documents.
* IN ACCORDANCE WITH RULE 202 OF REGULATION
S-T, THIS EXHIBIT IS BEING FILED IN PAPER
PURSUANT TO A CONTINUING HARDSHIP
EXEMPTION.
ABN AMRO
LaSalle National Bank
Administrator:
Barbara Marik (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Corporation, as Servicer
AMRESCO Management Inc., as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1997-GL1
ABN AMRO Acct: 67-7793-002
Payment Date: 03/13/98
Prior Payment: 02/13/98
Record Date: 02/27/98
A-1 Record Date: 03/10/98
WAC: 7.568115%
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 5
Other Related Information 3
Asset Backed Facts Sheets 1
Delinquency Loan Detail
Mortgage Loan Characteristics
Loan Level Listing 1
Total Pages Included In This Package 11
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
Upper Tier
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 50,000,000.00 50,000,000.00 129,430.13
36228CAJ2 1000.000000000 1000.000000000 2.588602600
A-2A 131,100,000.00 127,050,314.80 1,047,281.92
36228CAK9 1000.000000000 969.109952708 7.988420442
A-2B 240,900,000.00 240,900,000.00 0.00
36228CAL7 1000.000000000 1000.000000000 0.000000000
A-2C 30,000,000.00 30,000,000.00 0.00
36228CAM5 1000.000000000 1000.000000000 0.000000000
A-2D 222,190,000.00 222,190,000.00 0.00
36228CAN3 1000.000000000 1000.000000000 0.000000000
X-1A 50,000,000.00 N50,000,000.00 0.00
36228CAX1 1000.000000000 1000.000000000 0.000000000
X-1B 50,000,000.00 N50,000,000.00 0.00
9ABSA668 1000.000000000 1000.000000000 0.000000000
X-2 892,890,000.00 N888,840,314.80 0.00
36228CAY9 1000.000000000 995.464519482 0.000000000
B 78,160,000.00 78,160,000.00 0.00
36228CAP8 1000.000000000 1000.000000000 0.000000000
C 14,660,000.00 14,660,000.00 0.00
36228CAQ6 1000.000000000 1000.000000000 0.000000000
D 53,750,000.00 53,750,000.00 0.00
36228CAR4 1000.000000000 1000.000000000 0.000000000
E 14,650,000.00 14,650,000.00 0.00
36228CAS2 1000.000000000 1000.000000000 0.000000000
F 48,860,000.00 48,860,000.00 0.00
36228CAT0 1000.000000000 1000.000000000 0.000000000
G 58,620,000.00 58,620,000.00 0.00
36228CAU7 1000.000000000 1000.000000000 0.000000000
H 34,208,999.00 34,208,999.00 0.00
36228CAW3 1000.000000000 1000.000000000 0.000000000
R 0.00 0.00 0.00
9ABSA679 1000.000000000 0.000000000 0.000000000
977,098,999.00 973,049,313.80 1,176,712.05
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 0.00 0.00 49,870,569.87
36228CAJ2 0.000000000 0.000000000 997.411397400
A-2A 0.00 0.00 126,003,032.88
36228CAK9 0.000000000 0.000000000 961.121532265
A-2B 0.00 0.00 240,900,000.00
36228CAL7 0.000000000 0.000000000 1000.000000000
A-2C 0.00 0.00 30,000,000.00
36228CAM5 0.000000000 0.000000000 1000.000000000
A-2D 0.00 0.00 222,190,000.00
36228CAN3 0.000000000 0.000000000 1000.000000000
X-1A 0.00 0.00 49,870,569.87
36228CAX1 0.000000000 0.000000000 997.411397400
X-1B 0.00 0.00 49,870,569.87
9ABSA668 0.000000000 0.000000000 997.411397400
X-2 0.00 0.00 887,793,032.88
36228CAY9 0.000000000 0.000000000 994.291606894
B 0.00 0.00 78,160,000.00
36228CAP8 0.000000000 0.000000000 1000.000000000
C 0.00 0.00 14,660,000.00
36228CAQ6 0.000000000 0.000000000 1000.000000000
D 0.00 0.00 53,750,000.00
36228CAR4 0.000000000 0.000000000 1000.000000000
E 0.00 0.00 14,650,000.00
36228CAS2 0.000000000 0.000000000 1000.000000000
F 0.00 0.00 48,860,000.00
36228CAT0 0.000000000 0.000000000 1000.000000000
G 0.00 0.00 58,620,000.00
36228CAU7 0.000000000 0.000000000 1000.000000000
H 0.00 0.00 34,208,999.00
36228CAW3 0.000000000 0.000000000 1000.000000000
R 0.00 0.00 0.00
9ABSA679 0.000000000 0.000000000 0.000000000
0.00 0.00 971,872,601.75
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
A-1 227,694.44 0.00 5.855000000%
36228CAJ2 4.553888800 0.000000000 5.917500000%
A-2A 734,774.32 0.00 6.940000000%
36228CAK9 5.604685889 0.000000000 Fix
A-2B 1,377,145.00 0.00 6.860000000%
36228CAL7 5.716666667 0.000000000 Fix
A-2C 173,250.00 0.00 6.930000000%
36228CAM5 5.775000000 0.000000000 Fix
A-2D 1,284,998.83 0.00 6.940000000%
36228CAN3 5.783333318 0.000000000 Fix
X-1A 24,240.13 1,937.35 0.535266770%
36228CAX1 0.484802600 0.038747000 0.611545086%
X-1B 1,945.55 1,945.55
9ABSA668 0.038911000 0.038911000
X-2 529,512.38 0.00 0.714880780%
36228CAY9 0.593032042 0.000000000 1.037950270%
B 432,838.40 0.00 6.645420620%
36228CAP8 5.537850563 0.000000000 7.108625720%
C 81,673.56 0.00 6.685420620%
36228CAQ6 5.571184175 0.000000000 7.148625720%
D 300,346.97 0.00 6.705420620%
36228CAR4 5.587850605 0.000000000 7.168625720%
E 82,716.59 0.00 6.775420620%
36228CAS2 5.646183618 0.000000000 7.238625720%
F 278,722.71 0.00 6.845420620%
36228CAT0 5.704517192 0.000000000 7.308625720%
G 357,358.30 0.00 7.315420620%
36228CAU7 6.096183896 0.000000000 7.778625720%
H 216,811.52 0.00 7.605420620%
36228CAW3 6.337850459 0.000000000 8.068625720%
R 0.00 0.00
9ABSA679 0.000000000 0.000000000
6,104,028.70 3,882.90
Middle Tier
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
MA-1 50,000,000.00 50,000,000.00 129,430.13
None 1000.000000000 1000.000000000 2.588602600
MA-2A 131,100,000.00 127,050,314.80 1,047,281.92
None 1000.000000000 969.109952708 7.988420442
MA-2B 240,900,000.00 240,900,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MA-2C 30,000,000.00 30,000,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MA-2D 222,190,000.00 222,190,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MX-1B 50,000,000.00 N50,000,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MB 78,160,000.00 78,160,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MC 14,660,000.00 14,660,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MD 53,750,000.00 53,750,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
ME 14,650,000.00 14,650,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MF 48,860,000.00 48,860,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MG 58,620,000.00 58,620,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MH 34,208,999.00 34,208,999.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MR 0.00 0.00 0.00
9ABSA680 1000.000000000 0.000000000 0.000000000
977,098,999.00 973,049,313.80 1,176,712.05
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
MA-1 0.00 0.00 49,870,569.87
None 0.000000000 0.000000000 997.411397400
MA-2A 0.00 0.00 126,003,032.88
None 0.000000000 0.000000000 961.121532265
MA-2B 0.00 0.00 240,900,000.00
None 0.000000000 0.000000000 1000.000000000
MA-2C 0.00 0.00 30,000,000.00
None 0.000000000 0.000000000 1000.000000000
MA-2D 0.00 0.00 222,190,000.00
None 0.000000000 0.000000000 1000.000000000
MX-1B 0.00 0.00 49,870,569.87
None 0.000000000 0.000000000 997.411397400
MB 0.00 0.00 78,160,000.00
None 0.000000000 0.000000000 1000.000000000
MC 0.00 0.00 14,660,000.00
None 0.000000000 0.000000000 1000.000000000
MD 0.00 0.00 53,750,000.00
None 0.000000000 0.000000000 1000.000000000
ME 0.00 0.00 14,650,000.00
None 0.000000000 0.000000000 1000.000000000
MF 0.00 0.00 48,860,000.00
None 0.000000000 0.000000000 1000.000000000
MG 0.00 0.00 58,620,000.00
None 0.000000000 0.000000000 1000.000000000
MH 0.00 0.00 34,208,999.00
None 0.000000000 0.000000000 1000.000000000
MR 0.00 0.00 0.00
9ABSA680 0.000000000 0.000000000 0.000000000
0.00 0.00 971,872,601.75
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
MA-1 231,577.34 3,882.90 5.855000000%
None 4.631546800 0.077658000 5.917500000%
MA-2A 805,225.90 0.00 7.605420620%
None 6.142073989 0.000000000 8.068625720%
MA-2B 1,526,788.19 0.00 7.605420620%
None 6.337850519 0.000000000 8.068625720%
MA-2C 190,135.52 0.00 7.605420620%
None 6.337850667 0.000000000 8.068625720%
MA-2D 1,408,207.01 0.00 7.605420620%
None 6.337850533 0.000000000 8.068625720%
MX-1B 0.00 0.00
None 0.000000000 0.000000000
MB 495,366.40 0.00 7.605420620%
None 6.337850563 0.000000000 8.068625720%
MC 92,912.89 0.00 7.605420620%
None 6.337850614 0.000000000 8.068625720%
MD 340,659.47 0.00 7.605420620%
None 6.337850605 0.000000000 8.068625720%
ME 92,849.51 0.00 7.605420620%
None 6.337850512 0.000000000 8.068625720%
MF 309,667.37 0.00 7.605420620%
None 6.337850389 0.000000000 8.068625720%
MG 371,524.80 0.00 7.605420620%
None 6.337850563 0.000000000 8.068625720%
MH 216,811.52 0.00 7.605420620%
None 6.337850459 0.000000000 8.009867170%
MR 0.00 0.00
9ABSA680 0.000000000 0.000000000
6,081,725.92 3,882.90
Lower Tier
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
LA-1T 49,500,000.00 49,500,000.00 128,135.83
None 1000.000000000 1000.000000000 2.588602626
LA-1S 500,000.00 500,000.00 1,294.30
None 1000.000000000 1000.000000000 2.588600000
LF-T 917,828,010.00 913,818,821.64 1,036,809.10
None 1000.000000000 995.631874037 1.129633318
LF-S 9,270,990.00 9,230,493.16 10,472.82
None 1000.000000000 995.631875344 1.129633405
LR 0.00 0.00 0.00
9ABSA691 1000.000000000 0.000000000 0.000000000
977,098,999.00 973,049,313.80 1,176,712.05
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
LA-1T 0.00 0.00 49,371,864.17
None 0.000000000 0.000000000 997.411397374
LA-1S 0.00 0.00 498,705.70
None 0.000000000 0.000000000 997.411400000
LF-T 0.00 0.00 912,782,012.54
None 0.000000000 0.000000000 994.502240719
LF-S 0.00 0.00 9,220,020.34
None 0.000000000 0.000000000 994.502241940
LR 0.00 0.00 0.00
9ABSA691 0.000000000 0.000000000 0.000000000
0.00 0.00 971,872,601.75
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
LA-1T 229,261.57 3,844.07 0.000000000%
None 4.631546869 0.077657980 5.855000000%
LA-1S 2,315.77 38.83 5.917500000%
None 4.631540000 0.077660000 5.855000000%
LF-T 5,791,647.09 0.00 5.917500000%
None 6.310165986 0.000000000 7.605420620%
LF-S 58,501.49 0.00 8.068625720%
None 6.310166444 0.000000000 7.605420620%
LR 0.00 0.00 8.068625720%
9ABSA691 0.000000000 0.000000000
6,104,028.70 3,882.90
Grantor Trust
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
Q 0.00 0.00 0.00
9ABSA678 1000.000000000 0.000000000 0.000000000
0.00 0.00 0.00
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
Q 0.00 0.00 0.00
9ABSA678 0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
Q 0.00 0.00
9ABSA678 0.000000000 0.000000000
0.00 0.00 0.000000000%
Grantor Trust
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
M 10,276,354.00 10,239,747.39 12,506.67
36228CAV5 1000.000000000 996.437782311 1.217033785
10,276,354.00 10,239,747.39 12,506.67
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
M 0.00 0.00 10,227,240.72
36228CAV5 0.000000000 0.000000000 995.220748526
0.00 0.00 10,227,240.72
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
M 65,199.32 0.00 8.186500000%
36228CAV5 6.344596687 0.000000000
65,199.32 0.00
Other Related Information
Stated Principal Balance Of The Mortgage Pool Prior to Current
Distribution973,049,313.9
Stated Principal Balance Of The Mortgage Pool Subsequent to Current
Distrib971,872,601.9
Servicing Fee Breakdown
Current Period Accrued Servicing Fees 36,645.18
Less Delinquent Servicing Fees 0.00
Plus Additional Servicing Fees 0.00
Less Reductions To Servicing Fees 0.00
Total Servicing Fees Collected 36,645.18
Special Servicing Fees 0.00
Trustee Fees 3,932.31
Advances (Interest at Gross)
Prior Outstanding
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal Agent: 0.00 0.00
Totals: 0.00 0.00
Current Month
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal Agent: 0.00 0.00
Totals: 0.00 0.00
Recovered
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal Agent: 0.00 0.00
Totals: 0.00 0.00
Advances Outstanding
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal Agent: 0.00 0.00
Totals: 0.00 0.00
Allocation Of Interest Shortfalls, Losses & Expenses
Accrued Prepayment Beginning
Certificate Interest Unpaid
Class Interest Shortfall Interest
A-1 227,694.44 0.00 0.00
A-2A 734,774.32 0.00 0.00
A-2B 1,377,145.00 0.00 0.00
A-2C 173,250.00 0.00 0.00
A-2D 1,284,998.83 0.00 0.00
X-1A 22,302.78 0.00 0.00
X-1B 0.00 0.00 0.00
X-2 529,512.38 0.00 0.00
B 432,838.40 0.00 0.00
C 81,673.56 0.00 0.00
D 300,346.97 0.00 0.00
E 82,716.59 0.00 0.00
F 278,722.71 0.00 0.00
G 357,358.30 0.00 0.00
H 216,811.52 0.00 0.00
6,100,145.80 0.00 0.00
Ending
Interest Unpaid
Class Loss Expenses DistributabInterest
A-1 0.00 0.00 227,694.44 0.00
A-2A 0.00 0.00 734,774.32 0.00
A-2B 0.00 0.00 1,377,145.0 0.00
A-2C 0.00 0.00 173,250.00 0.00
A-2D 0.00 0.00 1,284,998.8 0.00
X-1A 0.00 0.00 24,240.13 0.00
X-1B 0.00 0.00 1,945.55 0.00
X-2 0.00 0.00 529,512.38 0.00
B 0.00 0.00 432,838.40 0.00
C 0.00 0.00 81,673.56 0.00
D 0.00 0.00 300,346.97 0.00
E 0.00 0.00 82,716.59 0.00
F 0.00 0.00 278,722.71 0.00
G 0.00 0.00 357,358.30 0.00
H 0.00 0.00 216,811.52 0.00
0.00 0.00 6,104,028.7 0.00
Allocation Of Additonal Interest Proceeds
Net
Prepayment Default Default Excess
Class Premiums Interest Interest Interest
A-1 0.00 0.00 0.00 0.00
A-2A 0.00 0.00 0.00 0.00
A-2B 0.00 0.00 0.00 0.00
A-2C 0.00 0.00 0.00 0.00
A-2D 0.00 0.00 0.00 0.00
X-1A 0.00 0.00 0.00 0.00
X-1B 0.00 0.00 0.00 0.00
X-2 0.00 0.00 0.00 0.00
B 0.00 0.00 0.00 0.00
C 0.00 0.00 0.00 0.00
D 0.00 0.00 0.00 0.00
E 0.00 0.00 0.00 0.00
F 0.00 0.00 0.00 0.00
G 0.00 0.00 0.00 0.00
H 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
Distribution Delinq 1 Month Delinq 2 Months
Date # Balance # Balance
03/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
02/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
12/15/97 0 0 0 0
0.00% 0.000% 0.00% 0.000%
11/13/97 0 0 0 0
0.00% 0.000% 0.00% 0.000%
10/15/97 0 0 0 0
0.00% 0.000% 0.00% 0.000%
09/15/97 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution Delinq 3+ Months Foreclosure/Bankruptcy
Date # Balance # Balance
03/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
02/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
12/15/97 0 0 0 0
0.00% 0.000% 0.00% 0.000%
11/13/97 0 0 0 0
0.00% 0.000% 0.00% 0.000%
10/15/97 0 0 0 0
0.00% 0.000% 0.00% 0.000%
09/15/97 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution REO Modifications
Date # Balance # Balance
03/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
02/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
12/15/97 0 0 0 0
0.00% 0.000% 0.00% 0.000%
11/13/97 0 0 0 0
0.00% 0.000% 0.00% 0.000%
10/15/97 0 0 0 0
0.00% 0.000% 0.00% 0.000%
09/15/97 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution Prepayments Curr Weighted Avg.
Date # Balance Coupon Remit
03/13/98 0 0 7.5681% 7.5229%
0.00% 0.000%
02/13/98 0 0 8.0420% 7.9939%
0.00% 0.000%
01/13/98 0 0 8.0389% 7.9910%
0.00% 0.000%
12/15/97 0 0 7.9090% 7.8616%
0.00% 0.000%
11/13/97 0 0 8.0629% 8.0146%
0.00% 0.000%
10/15/97 0 0 7.8868% 7.8396%
0.00% 0.000%
09/15/97 0 0 8.1083% 8.0609%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
Delinquent Loan Detail
Paid Outstanding
Disclosure Doc Thru Current P&I P&I
Control # Date Advance Advances**
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the current period P&I Advance
Out. Property Special
Disclosure Doc Protection Advance Servicer
Control # Advances Description (Transfer Date
Disclosure Doc Foreclosure Bankruptcy REO
Control # Date Date Date
01/00/00 01/00/00 01/00/00
Loan Level Detail
Property Operating
Type Maturity Statement
Name Code Date DSCR Date
AAPT Libor Component AMixed Use 07/11/14 2.248 12/31/97
AAPT Libor Component BMixed Use 07/11/27 0.000
Whitehall Pool Mixed Use 09/10/00 2.502 12/31/97
Cadillac Fairview PoolRetail 11/26/26 1.883 12/31/97
Montehiedra Retail 05/11/27 1.410 12/31/97
Ritz Plaza Multifamily 04/24/27 1.665 11/30/97
380 Madison Office 07/11/27 2.260 12/31/96
CAP Pool Mixed Use 03/09/27 1.853 12/31/97
Century Plaza Towers Office 03/09/27 1.564 12/31/97
AAPT Fixed Mixed Use 07/11/27 0.000
* NOI and DSCR, if available and reportable under the terms of the
trust agreement, accuracy or methodology used to determine such figures.
(1) Legend:
A. P&I Adv - in Grace Period
B. P&I Adv - < one month delinq
1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months
3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I
5. Prepaid in Full
6. Specially Serviced
7. Foreclosure
8. Bankruptcy
Ending
Principal Note
Name State Balance Rate
AAPT Libor Component AVarious 29,870,570 6.555%
AAPT Libor Component BVarious 20,000,000 6.385%
Whitehall Pool Various 71,691,772 8.680%
Cadillac Fairview PoolVarious 257,101,699 7.935%
Montehiedra Puerto Rico 52,327,603 8.230%
Ritz Plaza New York 62,061,357 8.135%
380 Madison New York 89,000,000 7.848%
CAP Pool Virginia 87,469,745 7.480%
Century Plaza Towers California 228,245,799 8.039%
AAPT Fixed Various 74,104,057 7.480%
0
Loan
Scheduled Prepayment Status
Name P&I Prepayment Date Code (1)
AAPT Libor Component A 152,950 129,430
AAPT Libor Component B 99,322 0
Whitehall Pool 602,560 0
Cadillac Fairview Pool 1,915,988 0
Montehiedra 399,417 0
Ritz Plaza 469,453 0
380 Madison 543,256 0
CAP Pool 656,766 0
Century Plaza Towers 1,693,936 0
AAPT Fixed 650,424 0
