<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 (Date of earliest event reported) October 28, 1998
DLJ Commercial Mortgage Corp.
- - -------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)
Delaware 333-59167 13-3956945
- - -------------------------------------------------------------------------------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
277 Park Avenue, New York, New York 10172
- - -------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 892-3000
--------------
- - -------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
===============================================================================
<PAGE>
Item 5. Other Events.
- - ------ ------------
It is expected that during November 1998, a single series of
certificates, entitled DLJ Commercial Mortgage Corp., Commercial Mortgage
Pass-Through Certificates, Series 1998-CF2 (the "Certificates"), will be issued
pursuant to a pooling and servicing agreement (the "Pooling and Servicing
Agreement"), to be entered into by and among DLJ Commercial Mortgage Corp. (the
"Registrant") and a Master Servicer, a Special Servicer, Trustee and REMIC
Administrator. The entities that will serve as the Master Servicer, Special
Servicer, Trustee and REMIC Administrator have not yet been designated. Certain
classes of the Certificates (the "Underwritten Certificates") will be registered
under the Registrant's registration statement on Form S-3 (no. 333-59167) and
sold to Donaldson, Lufkin & Jenrette Securities Corporation (the "Underwriter")
pursuant to an underwriting agreement (the "Underwriting Agreement") to be
entered into by and between the Registrant and the Underwriter.
In connection with the expected sale of the Underwritten Certificates,
the Underwriter has advised the Registrant that it has furnished to prospective
investors certain information attached hereto as Exhibit 99.1 that may be
considered "Computational Materials" (as defined in the no- action letter dated
May 20, 1994 issued by the Division of Corporation Finance of the Securities and
Exchange Commission (the "Commission") to Kidder, Peabody Acceptance Corporation
I, Kidder, Peabody & Co. Incorporated, and Kidder Structured Asset Corporation
and the no-action letter dated May 27, 1994 issued by the Division of
Corporation Finance of the Commission to the Public Securities Association) and
"ABS Term Sheets" (as defined in the no-action letter dated February 17, 1995
issued by the Division of Corporation Finance of the Commission to the Public
Securities Association).
The Computational Materials and ABS Term Sheets attached hereto have
been prepared and provided to the Registrant by the Underwriter. The information
in such Computational Materials and ABS Term Sheets is preliminary and will be
superseded by the final Prospectus Supplement relating to the Underwritten
Certificates and by any other information subsequently filed with the
Commission. To the extent any Computational Materials and ABS Term Sheets
previously filed by the Registrant with respect to the Underwritten Certificates
are inconsistent with the Computational Materials and ABS Term Sheets attached
hereto, such previously filed Computational Materials and ABS Term Sheets are
superseded by the Computational Materials and ABS Term Sheets attached hereto.
Item 7. Financial Statements and Exhibits.
- - ------- ----------------------------------
(a) Financial statements of businesses acquired:
Not applicable.
(b) Pro forma financial information:
Not applicable.
-2-
<PAGE>
(c) Exhibits:
Exhibit No. Description
99.1 Computational Materials and ABS Term Sheets, dated October 28, 1998,
prepared by Donaldson, Lufkin & Jenrette Securities Corporation.
-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, thereunto duly authorized.
Date: October 28, 1998
DLJ COMMERCIAL MORTGAGE CORP.
By: /s/ N. Dante LaRocca
-------------------------------------
Name: N. Dante LaRocca
Title: Senior Vice President
-4-
<PAGE>
EXHIBIT INDEX
-------------
The following exhibits are filed herewith:
Exhibit No. Page No.
- - ----------- --------
99.1 Computational Materials and ABS Term Sheets, dated
October 28, 1998, prepared by Donaldson, Lufkin & Jenrette
Securities Corporation.
-5-
<PAGE>
Donaldson, Lufkin & Jenrette PRELIMINARY
Donaldson, Lufkin & Jenrette
Securities Corporation 277 Park Avenue, New York, New York 10172
- - --------------------------------------------------------------------------------
Real Estate Finance Group
COMMERCIAL MORTGAGE TRADING
$1,150,838,323 (+/- 5%)
(Initial Mortgage Pool Balance)
"Column Conduit VIII"
DLJ COMMERCIAL MORTGAGE CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-CF2
** PRELIMINARY SUMMARY MEMORANDUM **
Dated October 28, 1998
This investment summary is a computational, structural and/or collateral term
sheet prepared solely for informational purposes. No offer to sell or
solicitation of any offer to purchase securities is being made hereby. This
summary is designed for use by Donaldson, Lufkin & Jenrette Securities
Corporation personnel to assist them in determining whether potential
investors wish to proceed with an in-depth investigation of the proposed
subject offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by Donaldson,
Lufkin & Jenrette Securities Corporation or any of its respective affiliates.
Therefore, none of Donaldson, Lufkin & Jenrette Securities Corporation nor any
of its respective affiliates make any representations or warranties with
respect to the information contained herein or as to the appropriateness,
usefulness or completeness of these materials. Any computational information
set forth herein (including without limitation any computations of yields and
weighted average life) is hypothetical and based on certain assumptions
(including without limitation assumptions regarding the rate and timing of
voluntary and involuntary prepayments of the mortgage loan/loans or
assumptions that the mortgage loan/loans will not be prepaid voluntarily or
involuntarily or liquidated). The actual characteristics and performance of
the mortgage loan/loans will differ from such assumptions and such differences
may be material. This document is subject to errors, omissions and changes in
the information and is subject to modification or withdrawal at any time with
or without notice. These materials and the information contained herein
supersedes any and all information contained in any previously furnished
computational, structural and/or collateral terms sheets and shall be
superseded by any subsequently furnished similar materials. These materials
and the information contained herein shall be superseded by a final prospectus
and prospectus supplement and by subsequent summary memoranda. No purchase of
any securities may be made unless and until a final prospectus, prospectus
supplement or similar private placement memorandum has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The contents herein are not to be reproduced without
the express written consent of Donaldson, Lufkin & Jenrette Securities
Corporation. Donaldson, Lufkin & Jenrette Securities Corporation and its
affiliates expressly reserve the right, at their sole discretion, to reject
any or all proposals or expressions of interest in the subject proposed
offering and to terminate discussions with any party at any time with or
without notice.
- - --------------------------------------------------------------------------------
<PAGE>
Donaldson, Lufkin & Jenrette PRELIMINARY
Donaldson, Lufkin & Jenrette
Securities Corporation 277 Park Avenue, New York, New York 10172
- - --------------------------------------------------------------------------------
Real Estate Finance Group
COMMERCIAL MORTGAGE TRADING
DLJ Commercial Mortgage Corp.
Commercial Mortgage Pass-Through Certificates, Series 1998-CF2
"Column Conduit VIII"
Preliminary Structure(1)
<TABLE>
<CAPTION>
||-----------------------------------------------------------------------------------------------------| |
||-----------------------------------------------------------------------------------------------------| |
|| Servicing Fee | |
||-----------------------------------------------------------------------------------------------------| |
|| | |
||-----------------------------------------------------------------------------------------------------| |
|| | |
|| Class S Aaa/AAA Public |-----------------| | |
|| | |------| |------| | |
|| |--------| |Public| |Public| | |
|| | |------| | | | | | |
|| | |Public| | | | | | |
|| | | | | | | | | |
|| |--------| | | | | | | | |
|| | |------| | | | | | | | |
|| |--------| |Public| | | | | | | | |
|| | |------| | | | | | | | | | |
|| | |Public| | | | | | | | | |-------| |-------| |-------| |-------| | |
|| | | | | | | | | | | | |-------| |-------| |-------| |-------| |-------| |
||------| | | | | | | | | | | |Private| |Private| |Private| |Private| |-------| |
||------| | | | | | | | | | | | | | | | | | | |Private| |
||Public| | | | | | | | | | | | | | | | | | | | | |
|| | | | | | | | | | | | | | | | | | | | | | |
|| | | | | | | | | | | | | | | | | | | | | | |
|| | | | | | | | | | | | | | | | | | | | | | |
|| | | | | | | | | | | | | | | | | | | | | | |
|| | | | | | | | | | | | | | | | | | | | | | |
|| | | | | | | | | | | | | | | | | | | | | | |
|| | | | | | | | | | | | | | | | | | | | | | |
|| | | | | | | | | | | | | | | | | | | | | | |
|| | | | | | | | | | | | | | | | | | | | | | |
|| | | | | | | | | | | | | | | | | | | | | | |
||Class | |Class | |Class | |Class | |Class | |Class | | Class | | Class | | Class | | Class | | Class | |
||A-1A | |A-1B | | A-2 | | A-3 | | B-1 | | B-2 | | B-3 | | B-4 | | B-5 | | B-6 | | C | |
|| | | | | | | | | | | | | | | | | | | | | | |
|| Aaa/ | | Aaa/ | | Aa2/ | | A2/ | |Baa2/ | |Baa3/ | | NR/ | | NR/ | | NR/- | | NR/ | | NR/ | |
|| AAA | | AAA | | AA | | A | | BBB | | BBB- | | BB | | BB- | | B | | B- | | NR | |
|| | | | | | | | | | | | | | | | | | | | | | |
||------| |------| |------| |------| |------| |------| |-------| |-------| |-------| |-------| |-------| |
||-----------------------------------------------------------------------------------------------------| |
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
</TABLE>
<TABLE>
<CAPTION>
Expected ($) (%) (%) Avg Price Approx. ERISA/
Class Ratings(2) Balance Balance Sub Life(3) Maturity(3) Talk Index Price Status SMMEA(4)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
S Aaa/AAA --- na na 9.4 Oct-23 --- --- --- Public Yes/Yes
A-1A Aaa/AAA --- --- --- 5.7 Jun-08 --- --- --- Public Yes/Yes
A-1B Aaa/AAA --- --- --- 9.7 Oct-08 --- --- --- Public Yes/Yes
A-2 Aa2/AA --- --- --- 9.9 Nov-08 --- --- --- Public No/Yes
A-3 A2/A --- --- --- 10.0 Nov-08 --- --- --- Public No
B-1 Baa2/BBB --- --- --- 10.0 Nov-08 --- --- --- Public No
B-2 Baa3/BBB- --- --- --- 10.0 Nov-08 --- --- --- Public No
B-3 NR/BB --- --- --- 10.7 Apr-12 --- --- --- Private No
B-4 NR/BB- --- --- --- 13.9 Apr-13 ****** Not Offered ****** Private No
B-5 NR/B --- --- --- 14.7 Oct-13 ****** Not Offered ****** Private No
B-6 NR/B- --- --- --- 14.9 Jun-14 ****** Not Offered ****** Private No
C NR/NR --- --- --- 18.3 Oct-23 ****** Not Offered ****** Private No
</TABLE>
(1) Subject to change.
(2) Moody's Investor Service, Inc. / Fitch IBCA, Inc.
(3) Reflects expected average life and maturity. Subject to change
based on final class sizes.
(4) Expected to be eligible for DLJ's individual prohibited transaction
exemption under ERISA.
This investment summary is a computational, structural and/or collateral term
sheet prepared solely for informational purposes. No offer to sell or
solicitation of any offer to purchase securities is being made hereby. This
summary is designed for use by Donaldson, Lufkin & Jenrette Securities
Corporation personnel to assist them in determining whether potential
investors wish to proceed with an in-depth investigation of the proposed
subject offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by Donaldson,
Lufkin & Jenrette Securities Corporation or any of its respective affiliates.
Therefore, none of Donaldson, Lufkin & Jenrette Securities Corporation nor any
of its respective affiliates make any representations or warranties with
respect to the information contained herein or as to the appropriateness,
usefulness or completeness of these materials. Any computational information
set forth herein (including without limitation any computations of yields and
weighted average life) is hypothetical and based on certain assumptions
(including without limitation assumptions regarding the rate and timing of
voluntary and involuntary prepayments of the mortgage loan/loans or
assumptions that the mortgage loan/loans will not be prepaid voluntarily or
involuntarily or liquidated). The actual characteristics and performance of
the mortgage loan/loans will differ from such assumptions and such differences
may be material. This document is subject to errors, omissions and changes in
the information and is subject to modification or withdrawal at any time with
or without notice. These materials and the information contained herein
supersedes any and all information contained in any previously furnished
computational, structural and/or collateral terms sheets and shall be
superseded by any subsequently furnished terms sheets. These materials
and the information contained herein shall be superseded by a final prospectus,
prospectus supplement or similar private placement memorandum. No purchase of
any securities may be made unless and until a final prospectus, prospectus
supplement or similar private placement memorandum has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The contents herein are not to be reproduced without
the express written consent of Donaldson, Lufkin & Jenrette Securities
Corporation. Donaldson, Lufkin & Jenrette Securities Corporation and its
affiliates expressly reserve the right, at their sole discretion, to reject
any or all proposals or expressions of interest in the subject proposed
offering and to terminate discussions with any party at any time with or
without notice.
<PAGE>
Donaldson, Lufkin & Jenrette PRELIMINARY
Donaldson, Lufkin & Jenrette
Securities Corporation 277 Park Avenue, New York, New York 10172
- - --------------------------------------------------------------------------------
Real Estate Finance Group
COMMERCIAL MORTGAGE TRADING
DLJ Commercial Mortgage Corp.
Commercial Mortgage Pass-Through Certificates, Series 1998-CF2
"Column Conduit VIII"
- - --------------------------------------------------------------------------------
Collateral The Trust Fund will consist of a pool of 318 fixed-rate,
Overview: monthly-pay mortgage loans with an aggregate balance of
approximately $1,150,838,323 as of November 1, 1998
(Cut-off Date), which are secured by a first lien on a
fee and/or leasehold interest in a multifamily or
commercial property. The properties are located
throughout 38 states and the District of Columbia with
the largest concentrations (by balance) in NY 13.5% (19
loans), CA 12.7% (40 loans) and TX 11.0% (49 loans).
o Property Type Diversification: Multifamily (28.4%),
Office (20.9%), Retail (20.7%), Hotel (13.6%)
o ARD Loans as % of Total: 15.0%
o CTL Loans as % of Total: 0.5%
o Appraisals: 100% of the mortgage loans follow the
guidelines set forth in Title XI of FIRREA.
o Call Protection: 90.7% of the mortgage loans provide for
an initial lockout period followed by a defeasance
period. 0.4% of the mortgage loans provide for a lockout
period only. The remaining 8.9% of the mortgage loans
provide for an initial lockout period followed by a
yield maintenance period.
- - --------------------------------------------------------------------------------
Mortgage Loan The mortgage loans, in general, were originated between
Origination: July 1997 and October 1998 by 2 participants in DLJ
Mortgage Capital, Inc.'s ("DLJMC") commercial and
multifamily mortgage loan conduit program. Approximately
90.8% (by balance) of the mortgage loans were
originated by Column Financial, Inc. The remaining
mortgage loans were originated by Union Capital
Investments LLC (7.9%) and Apple Bank (1.3%). All
mortgage loans were underwritten with third party due
diligence reports.
Column Financial, Inc. ("Column"), an indirect wholly
owned subsidiary of Donaldson, Lufkin & Jenrette, Inc.,
was created in August 1993. Column has originated $6.1
billion commercial and multifamily mortgage loans since
its inception. Column sources, underwrites and closes
mortgage loans through 14 regional offices located
throughout the country.
- - --------------------------------------------------------------------------------
Servicer: TBA Dealer: Donaldson, Lufkin &
Jenrette Securities
Corporation
- - --------------------------------------------------------------------------------
Special Servicer: TBA Settlement: November _, 1998
- - --------------------------------------------------------------------------------
Rating Moody's Investor Trustee: TBA
Agencies: Service, Inc.
Fitch IBCA, Inc.
- - --------------------------------------------------------------------------------
This investment summary is a computational, structural and/or collateral term
sheet prepared solely for informational purposes. No offer to sell or
solicitation of any offer to purchase securities is being made hereby. This
summary is designed for use by Donaldson, Lufkin & Jenrette Securities
Corporation personnel to assist them in determining whether potential
investors wish to proceed with an in-depth investigation of the proposed
subject offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by Donaldson,
Lufkin & Jenrette Securities Corporation or any of its respective affiliates.
Therefore, none of Donaldson, Lufkin & Jenrette Securities Corporation nor any
of its respective affiliates make any representations or warranties with
respect to the information contained herein or as to the appropriateness,
usefulness or completeness of these materials. Any computational information
set forth herein (including without limitation any computations of yields and
weighted average life) is hypothetical and based on certain assumptions
(including without limitation assumptions regarding the rate and timing of
voluntary and involuntary prepayments of the mortgage loan/loans or
assumptions that the mortgage loan/loans will not be prepaid voluntarily or
involuntarily or liquidated). The actual characteristics and performance of
the mortgage loan/loans will differ from such assumptions and such differences
may be material. This document is subject to errors, omissions and changes in
the information and is subject to modification or withdrawal at any time with
or without notice. These materials and the information contained herein
supersedes any and all information contained in any previously furnished
computational, structural and/or collateral terms sheets and shall be
superseded by any subsequently furnished terms sheets. These materials
and the information contained herein shall be superseded by a final prospectus,
prospectus supplement or similar private placement memorandum. No purchase of
any securities may be made unless and until a final prospectus, prospectus
supplement or similar private placement memorandum has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The contents herein are not to be reproduced without
the express written consent of Donaldson, Lufkin & Jenrette Securities
Corporation. Donaldson, Lufkin & Jenrette Securities Corporation and its
affiliates expressly reserve the right, at their sole discretion, to reject
any or all proposals or expressions of interest in the subject proposed
offering and to terminate discussions with any party at any time with or
without notice.
<PAGE>
Donaldson, Lufkin & Jenrette PRELIMINARY
Donaldson, Lufkin & Jenrette
Securities Corporation 277 Park Avenue, New York, New York 10172
- - --------------------------------------------------------------------------------
Real Estate Finance Group
COMMERCIAL MORTGAGE TRADING
DLJ Commercial Mortgage Corp.
Commercial Mortgage Pass-Through Certificates, Series 1998-CF2
"Column Conduit VIII"
Extensions: The Special Servicer will not be permitted to grant any
extension of the maturity of a mortgage loan beyond 60
months of such mortgage loan's stated maturity date.
- - --------------------------------------------------------------------------------
Controlling The Controlling Class of Certificateholders may appoint a
Class: Special Servicer and replace the existing Special
Servicer.
Controlling Class - will be the most subordinate class
of certificates which has a current aggregate
certificate principal amount greater than 25% (or in
the case of the Class C certificates, 20%) of its
original aggregate certificate principal balance.
- - --------------------------------------------------------------------------------
Advances: Advances subject to recoverability determination and
appraisal reductions.
- - --------------------------------------------------------------------------------
Prepayment All of the mortgage loans provide for either a prepayment
Protection and lockout period ("Lockout"), a defeasance period
Distribution of ("Defeasance"), and/or a yield maintenance premium ("YMP")
Premiums: period or a combination thereof.
The certificate yield maintenance amount ("CYMA") for
the Class A-1A, A-1B, A-2, A-3, B-1, B-2, B-3, B-4, B-5,
B-6, and/or C Certificates (collectively, "Sequential
Pay Certificates") equals the total yield maintenance
premium collected, multiplied by a fraction (not greater
than one or less than zero) which is based upon a
formula involving the relationship between the
Pass-Through Rate(s) of such Class(es) currently
receiving principal, the mortgage rate of the loan that
has prepaid, and current interest rates. In general, the
CYMA for any Distribution Date will be calculated in
respect of and payable to the class(es) of Sequential
Pay Certificates entitled to receive distributions of
principal on such Distribution Date.
CYMA (Pass-Through Rate - Discount Rate)
= -----------------------------------
Allocation % (Mortgage Rate - Discount Rate)
to Non-IO
Certificates
The yield maintenance amount passed to the interest
only certificates, Class S, will equal the total yield
maintenance premium less the CYMA as defined above.
- - --------------------------------------------------------------------------------
Analytics: Cashflows are expected to be available through: Bloomberg,
the Trepp Group, Intex Solutions and Charter Research.
- - --------------------------------------------------------------------------------
This investment summary is a computational, structural and/or collateral term
sheet prepared solely for informational purposes. No offer to sell or
solicitation of any offer to purchase securities is being made hereby. This
summary is designed for use by Donaldson, Lufkin & Jenrette Securities
Corporation personnel to assist them in determining whether potential
investors wish to proceed with an in-depth investigation of the proposed
subject offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by Donaldson,
Lufkin & Jenrette Securities Corporation or any of its respective affiliates.
Therefore, none of Donaldson, Lufkin & Jenrette Securities Corporation nor any
of its respective affiliates make any representations or warranties with
respect to the information contained herein or as to the appropriateness,
usefulness or completeness of these materials. Any computational information
set forth herein (including without limitation any computations of yields and
weighted average life) is hypothetical and based on certain assumptions
(including without limitation assumptions regarding the rate and timing of
voluntary and involuntary prepayments of the mortgage loan/loans or
assumptions that the mortgage loan/loans will not be prepaid voluntarily or
involuntarily or liquidated). The actual characteristics and performance of
the mortgage loan/loans will differ from such assumptions and such differences
may be material. This document is subject to errors, omissions and changes in
the information and is subject to modification or withdrawal at any time with
or without notice. These materials and the information contained herein
supersedes any and all information contained in any previously furnished
computational, structural and/or collateral terms sheets and shall be
superseded by any subsequently furnished terms sheets. These materials
and the information contained herein shall be superseded by a final prospectus,
prospectus supplement or similar private placement memorandum. No purchase of
any securities may be made unless and until a final prospectus, prospectus
supplement or similar private placement memorandum has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The contents herein are not to be reproduced without
the express written consent of Donaldson, Lufkin & Jenrette Securities
Corporation. Donaldson, Lufkin & Jenrette Securities Corporation and its
affiliates expressly reserve the right, at their sole discretion, to reject
any or all proposals or expressions of interest in the subject proposed
offering and to terminate discussions with any party at any time with or
without notice.
<PAGE>
Donaldson, Lufkin & Jenrette PRELIMINARY
Donaldson, Lufkin & Jenrette
Securities Corporation 277 Park Avenue, New York, New York 10172
- - --------------------------------------------------------------------------------
Real Estate Finance Group
COMMERCIAL MORTGAGE TRADING
DLJ Commercial Mortgage Corp.
Commercial Mortgage Pass-Through Certificates, Series 1998-CF2
"Column Conduit VIII"
- - --------------------------------------------------------------------------------
Priority of On each distribution date, interest will be distributed to
Interest: each of the classes in the following order of priority:
1. Class S, A-1A and A-1B, pro rata
2. Class A-2
3. Class A-3
4. Class B-1
5. Class B-2
6. Class B-3
7. Class B-4
8. Class B-5
9. Class B-6
10. Class C
- - --------------------------------------------------------------------------------
Priority of On each distribution date, principal will be distributed
Principal: and losses will be allocated to each of the classes in the
following order of priority:
Scheduled and Prepayments(1) Losses
---------------------------- --------------------------
1. Class A-1A 1. Class C
2. Class A-1B(2) 2. Class B-6
3. Class A-2 3. Class B-5
4. Class A-3 4. Class B-4
5. Class B-1 5. Class B-3
6. Class B-2 6. Class B-2
7. Class B-3 7. Class B-1
8. Class B-4 8. Class A-3
9. Class B-5 9. Class A-2
10. Class B-6 10. Class A-1A and A-1B,
11. Class C pro rata
(1) None of the following classes will receive any
principal distributions until all classes, if any,
listed above it are retired.
(2) Pro rata with Class A-1A if the balances of Classes
A-2 through C are reduced to zero on account of
losses.
- - --------------------------------------------------------------------------------
This investment summary is a computational, structural and/or collateral term
sheet prepared solely for informational purposes. No offer to sell or
solicitation of any offer to purchase securities is being made hereby. This
summary is designed for use by Donaldson, Lufkin & Jenrette Securities
Corporation personnel to assist them in determining whether potential
investors wish to proceed with an in-depth investigation of the proposed
subject offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by Donaldson,
Lufkin & Jenrette Securities Corporation or any of its respective affiliates.
Therefore, none of Donaldson, Lufkin & Jenrette Securities Corporation nor any
of its respective affiliates make any representations or warranties with
respect to the information contained herein or as to the appropriateness,
usefulness or completeness of these materials. Any computational information
set forth herein (including without limitation any computations of yields and
weighted average life) is hypothetical and based on certain assumptions
(including without limitation assumptions regarding the rate and timing of
voluntary and involuntary prepayments of the mortgage loan/loans or
assumptions that the mortgage loan/loans will not be prepaid voluntarily or
involuntarily or liquidated). The actual characteristics and performance of
the mortgage loan/loans will differ from such assumptions and such differences
may be material. This document is subject to errors, omissions and changes in
the information and is subject to modification or withdrawal at any time with
or without notice. These materials and the information contained herein
supersedes any and all information contained in any previously furnished
computational, structural and/or collateral terms sheets and shall be
superseded by any subsequently furnished terms sheets. These materials
and the information contained herein shall be superseded by a final prospectus,
prospectus supplement or similar private placement memorandum. No purchase of
any securities may be made unless and until a final prospectus, prospectus
supplement or similar private placement memorandum has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The contents herein are not to be reproduced without
the express written consent of Donaldson, Lufkin & Jenrette Securities
Corporation. Donaldson, Lufkin & Jenrette Securities Corporation and its
affiliates expressly reserve the right, at their sole discretion, to reject
any or all proposals or expressions of interest in the subject proposed
offering and to terminate discussions with any party at any time with or
without notice.
<PAGE>
Series 1998-CF2 Collateral Pool Summary
<TABLE>
<CAPTION>
Mortgage Loan Characteristics Mortgaged Properties Characteristics
- - ----------------------------- ------------------------------------
<S> <C> <C> <C>
Number of Loans: 318 Wtd. Avg. U/W DSCR: 1.45 x
Original Balance: $1,153,256,500 Wtd. Avg. Cut-off Date LTV: 71.7%
Cut-off Date Balance (1): $1,150,838,323
Average Cut-off Date Balance: $3,618,988
Wtd. Avg. Year Built/
Renovated (3): 1988
Number of States (4): 38
Wtd. Avg. Mortgage Rate: 7.120%
Wtd. Avg. Original Amort Term (Months): 315
Wtd. Avg. Original Term to Maturity (Months): 130
Wtd. Avg. Seasoning (Months): 2
</TABLE>
Top 5 States/Property Types:
Percentage of
Number Cut-off Date Cut-off Date
# State of Loans Balance (1) Balance
- - - ----- -------- ------------ ------------
1 New York 19 $154,801,544 13.5%
2 California 40 146,280,556 12.7%
3 Texas 49 126,669,319 11.0%
4 Florida 28 124,531,155 10.8%
5 Illinois 19 114,954,487 10.0%
--- ------------ ----
Total/ Weighted Average: 155 $667,237,061 58.0%
=== ============ ====
Percentage of
Number Cut-off Date Cut-off Date
# Property Type of Loans Balance (1) Balance
- - - ------------- -------- ------------ -------------
1 Multifamily 115 $ 326,719,842 28.4%
2 Office 45 239,993,623 20.9%
3 Retail 67 237,764,987 20.7%
4 Hotel 28 156,283,925 13.6%
5 Industrial 22 76,729,036 6.7%
--- -------------- ----
277 $1,037,491,413 90.2%
=== ============== ====
Top 5 Mortgage Loans (5):
<TABLE>
<CAPTION>
Percentage of
Property Cutoff Date Cut-off Date Appraised Cut-off Date
# Property Name Type State Balance (1) Balance Value LTV Ratio U/W NCF (2)
- - - ------------- ---- ----- ----------- ------------- --------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 Chanin Building Office NY $ 74,826,649 6.5% $105,000,000 71.3% $ 8,387,294
2 Heritage Point Multifamily IL 25,000,000 2.2% 36,000,000 69.4% 3,443,893
3 The Hughes Center at Rancho
Niguel (6) Retail CA 23,000,000 2.0% 28,500,000 80.7% 2,387,689
4 Best Western Inn of Chicago Hotel IL 21,924,346 1.9% 30,700,000 71.4% 3,279,579
5 Christiana Hilton Inn -
Newark, DE Hotel DE 21,477,544 1.9% 33,000,000 65.1% 3,251,846
------------ ---- ------------ ---- -----------
Total/Weighted Average: $166,228,538 14.4% $233,200,000 71.5% $20,750,301
============ ==== ============ ===== ===========
<CAPTION>
Year Built/
# Property Name U/W DSCR Renovated (3)
- - - ------------- -------- -------------
<S> <C> <C> <C>
1 Chanin Buildiing 1.33 x 1997
2 Heritage Point 1.60 1973
3 The Hughes Center at Rancho
Niguel (6) 1.35 1988
4 Best Western Inn of Chicago 1.55 1981
5 Christiana Hilton Inn -
Newark, DE 1.79 1997
===== ====
Total/Weighted Average: 1.46 x 1990
===== ====
</TABLE>
(1) Assumes a Cut-off Date of November 1, 1998.
(2) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves, U/W
LC's and TI's and FF&E.
(3) Year Built/Renovated denotes the later of the Year Built or the Year
Renovated.
(4) Includes the District of Columbia.
(5) Excludes groups of cross-collateralized loans, each of which might be larger
than the individual loans listed.
(6) The Mortgage Loan secured by The Hughes Center at Rancho Niguel is
cross-collateralized and cross-defaulted with The Edwards Center at Rancho
Niguel Loan.
<PAGE>
<TABLE>
<CAPTION>
Managers and Locations of the Mortgaged Properties
# Property Name Manager
- - --- ------------- -------
<S> <C> <C>
1 Chanin Building Colliers ABR
2 250 South Clinton Street (1A) American Real Estate Management, Inc.
3 Steelway North & South (1A) American Real Estate Management, Inc.
4 1001 and 1011 AIP Drive (1A) American Real Estate Management, Inc
5 Northeast Industrial Building # 21 (1A) American Real Estate Management, Inc
6 507 Plum Street (1A) American Real Estate Management, Inc.
7 3530 East Pike (1A) American Real Estate Management, Inc.
8 Northeast Industrial Building # 8 (1A) American Real Estate Management, Inc.
9 Northeast Industrial Building #22 (1A) American Real Estate Management, Inc.
10 4, 5 & 8 Marway Circle (1A) American Real Estate Management, Inc.
11 16725 Square Drive (1A) American Real Estate Management, Inc.
12 One Clinton Square (1A) American Real Estate Management, Inc.
13 The Hughes Center at Rancho Niguel (1B) Pacific West Asset Management
Corporation
14 The Edwards Center at Rancho Niguel (1B) Pacific West Asset Management
Corporation
15 Rivertree Court Shopping Center (1C) Inland REIT
16 Woodland Heights Shopping Center (1C) Inland REIT
17 Winnetka Commons Shopping Center (1C) Inland REIT
18 Berwyn Plaza Shopping Center (1C) Inland REIT
19 Walgreen's Store (1C) Inland REIT
20 Heritage Point Inland REIT
21 Best Western Inn of Chicago Shell Hospitality Group, Inc.
22 Christiana Hilton Inn - Newark, DE MJ Hotels of Wilmington, Inc.
23 Embassy Crossing Shopping Center (2) Infinity Property Management Corp.
24 Jefferson at Treetops JPI Apartment Management, LP
25 Dominion Tower & Parking Garage I.D.M. Management, Inc.
26 Holiday Inn Hurstborne Ridgewood Hotels, Inc.
27 Blue Ash Portfolio (1D) Community Management Corporation
28 Springdale Office Center (1D) Community Management Corporation
29 Executive Center East (1D) Community Management Corporation
30 McDonald's (1D) Community Management Corporation
31 11 Park Place Williams Real Estate Co., Inc.
32 Twin Creeks Apartments CPG Holdings, Inc.
33 Storage Box / Stowaway Storage (1E) Owner Managed
34 Maplewood MHP (1E) Owner Managed
35 Corporate Office Park I and II Chase Commercial Real Estate
Services, Ltd.
36 Knights Bridge II Apartments Grady Management, Inc.
37 Preston Stonebrook Center Netzer Management, Ltd.
38 Run in Foods DP #4 (1F) Owner Managed
39 Run in Foods Unit DP#7 (1F) Owner Managed
40 Run in Foods #401 (1F) Owner Managed
41 Run in Foods #406 (1F) Owner Managed
42 Run in Foods #402 (1F) Owner Managed
43 Run in Foods #403 (1F) Owner Managed
44 Run in Foods #404 (1F) Owner Managed
45 Run in Foods Unit #410 (1F) Owner Managed
46 Super 8-Midtown (1G) Owner Managed
47 Super 8-East (1G) Owner Managed
48 Super 8-West (1G) Owner Managed
49 Wellington Woods & Lakes Harbor Group Management Company
50 Hampton Inn - Indianapolis, IN Indy Dwtn, Inc.
51 Chidlaw Building Lars E. Akerberg d/b/a Fieldhill
Properties
52 Mahwah Business Park Owner Managed
53 Grandview Garden Apartments J & P Realty Corp.
54 Cornerstone Office Building Asset Management Associates, Inc.
55 160 Pine Street Trammell Crow NW, Inc.
56 River Run Apartments Harbor Group Management Company
57 180 North Michigan Avenue M & J Wilkow, Ltd.
58 Oak Hills Apartments Hartex Property Group, Inc.
59 145 Rosemary Street Twenty-First Century Corporation
60 Holiday Inn - Youngstown, OH Youngstown Management Corp.
61 Tierra Verde Marine Center TPA Resorts, Inc.
62 MCOM Building Owner Managed
63 Mayport Trace Apartments CNC Investments, Inc.
64 Mercantile Bank Building H.T. Paul Company, Inc.
65 Brook Forest Apartments Mid-America Management,Inc.
66 Midfield Shopping Center The Brookhill Group
67 Far East Plaza Pioneer West, Inc.
68 Highland Square Shopping Center Phillips Investments, Inc.
69 Spanish Villa Apartments Fulcrum Properties, Inc.
70 Green's Corner (3) Infinity Property Management Corp.
71 Mountain Ridge Apartments Suncase Corporation
</TABLE>
<TABLE>
<CAPTION>
Zip
# Property Name Address City State Code
- - --- ------------- ------- ---- ----- ----
<S> <C> <C> <C> <C> <C>
1 Chanin Building 122 East 42nd Street New York NY 10168
2 250 South Clinton Street (1A) 250 South Clinton Street Syracuse NY 13202
3 Steelway North & South (1A) 4472 and 4580 Steelway Boulevard Liverpool NY 13080
4 1001 and 1011 AIP Drive (1A) 1001 and 1011 Airpark Drive Swatara PA 17057
5 Northeast Industrial Building # 21 (1A) Route 146 Guilderland NY 12084
6 507 Plum Street (1A) 507 Plum Street Syracuse NY 13204
7 3530 East Pike (1A) 3530 East Pike Zanesville OH 43701
8 Northeast Industrial Building # 8 (1A) Route 146 Guilderland NY 12084
9 Northeast Industrial Building #22 (1A) Route 146 Guilderland NY 12084
10 4, 5 & 8 Marway Circle (1A) 4, 5, 8 Marway Circle Gates NY 14624
11 16725 Square Drive (1A) 16725 Square Drive Marysville OH 43040
12 One Clinton Square (1A) One Clinton Square Syracuse NY 13202
13 The Hughes Center at Rancho Niguel (1B) 25461-25471 Rancho Niguel Road Laguna Niguel CA 92677
& 28121-28251
Crown Valley Parkway
14 The Edwards Center at Rancho Niguel (1B) 25461-25471 Rancho Niguel Road Laguna Niguel CA 92677
15 Rivertree Court Shopping Center (1C) 701 North Milwaukee Aveneue Vernon Hills IL 60061
16 Woodland Heights Shopping Center (1C) 115-237 Irving Park Road Streamwood IL 60107
17 Winnetka Commons Shopping Center (1C) 3540 Winnetka Avenue North New Hope MN 55427
18 Berwyn Plaza Shopping Center (1C) 6901 West Ogden Avenue Berwyn IL 60402
19 Walgreen's Store (1C) 331 North Irving Avenue Woodstock IL 60098
20 Heritage Point 10018 Holly Lane Des Plaines IL 60016
21 Best Western Inn of Chicago 162 East Ohio Street Chicago IL 60611
22 Christiana Hilton Inn - Newark, DE 100 Continental Drive Newark DE 19713
23 Embassy Crossing Shopping Center (2) 9570 US Highway 19 Port Richey FL 32038
24 Jefferson at Treetops 5217 Old Spicewood Springs Road Austin TX 78731
25 Dominion Tower & Parking Garage 1400 NW 10th Avenue Miami FL 33136
26 Holiday Inn Hurstborne 1325 South Hurstbourne Parkway Louisville KY 40222
27 Blue Ash Portfolio (1D) Various Addresses Blue Ash OH 45242
28 Springdale Office Center (1D) 230, 260 & 270 Northland Blvd. Springdale OH 45246
29 Executive Center East (1D) 4030 Mt. Carmel Tobasco Road Union Township OH 45255
30 McDonald's (1D) 5055 Old Taylor Mill Road Taylor Mill KY 41015
31 11 Park Place 11 Park Place New York NY 10007
32 Twin Creeks Apartments 1111 James Donlon Boulevard Antioch CA 94509
33 Storage Box/Stowaway Storage (1E) 810 Jimmy Ann Drive Daytona Beach/Port Orange FL 32119
& 3742 S. Nova Road
34 Maplewood MHP (1E) 5608 Newman Drive Port Orange FL 32127
35 Corporate Office Park I and II 4900-4970 Corporate Drive Huntsville AL 35805
36 Knights Bridge II Apartments 4000 Greencastle Road Silver Springs MD 20866
37 Preston Stonebrook Center SWC Preston Road & Frisco TX 75034
Stonebrooke Parkway
38 Run in Foods DP #4 (1F) 1551 Florida State Route 559 Polk City FL 33868
39 Run in Foods Unit DP#7 (1F) 29502 Florida State Route 52 San Antonio FL 33576
40 Run in Foods #401 (1F) 11511 North U.S. Highway 301 Thonotosassa FL 33592
41 Run in Foods #406 (1F) 4911 N. 110th Avenue Pinellas Park FL 33609
42 Run in Foods #402 (1F) 3002 North U.S. Highway 301 Tampa FL 33619
43 Run in Foods #403 (1F) 401 East Sligh Avenue Tampa FL 33604
44 Run in Foods #404 (1F) 18226 Powell Road Brooksville FL 33609
45 Run in Foods Unit #410 (1F) 6513 W. 14th Street Bradenton FL 34207
46 Super 8-Midtown (1G) 2500 University Boulevard Northeast Albuquerque NM 87107
47 Super 8-East (1G) 450 Paisano Street, NE Albuquerque NM 00000
48 Super 8-West (1G) 6030 Iliff Road Norhtwest Albuquerque NM 87121
49 Wellington Woods & Lakes 136 Wellington Lakes Drive & Fredericksburg VA 22401
1704 Lafayette Blvd. (US BUS 1)
50 Hampton Inn - Indianapolis, IN 105 S. Meridan Street Indianapolis IN 46204
51 Chidlaw Building 2221 E. Bijou Street Colorado Springs CO 80909
52 Mahwah Business Park Ramapo Valley Road Mahwah NJ 07430
53 Grandview Garden Apartments 1500 S. Waterford Drive Florissant MO 63033
54 Cornerstone Office Building 1289-1335 S. Linden Road Flint Twonship MI 48532
55 160 Pine Street 160 Pine Street San Francisco CA 94111
56 River Run Apartments 141 Old Orange Park Road Orange Park FL 32073
57 180 North Michigan Avenue 180 N. Michigan Avenue Chicago IL 60601
58 Oak Hills Apartments 1913 Estrada Parkway Irving TX 75061
59 145 Rosemary Street 145 Rosemary Street Needham MA 02194
60 Holiday Inn - Youngstown, OH 1620 Motor Inn Drive Youngstown OH 44420
61 Tierra Verde Marine Center 100 Pinellas Bayway Tierra Verde FL 33715
62 MCOM Building 1045 Firestone Parkway Nashville TN 37086
63 Mayport Trace Apartments 2160 Mayport Road Jacksonville FL 32233
64 Mercantile Bank Building 800 SW Jackson Street Topeka KS 66612
65 Brook Forest Apartments 3300-3400 169th Street Hammond IN 46323
66 Midfield Shopping Center 201 Midfield Street Midfield/Birmingham AL 35228
67 Far East Plaza 727 North Broadway Los Angeles CA 90012
68 Highland Square Shopping Center 3406 Stadium Blvd. (SR 1) Jonesboro AR 72401
69 Spanish Villa Apartments 10611 Abercorn Extension Savannah GA 31419
70 Green's Corner (3) 4975 Jimmy Carter Boulevard Norcross GA 30093
(SR 140)
71 Mountain Ridge Apartments 2626 Duncanville Road Dallas TX 75211
</TABLE>
<PAGE>
Managers and Locations of the Mortgaged Properties
<TABLE>
<CAPTION>
# Property Name Manager
- - --- ------------- -------
<S> <C> <C>
72 Radisson Suites Yelda Management Company
73 Holiday Campground Owner Managed
74 Plantation Meadows Apartments Plantation Meadows Apartments, Inc.
75 Gresham Townhomes Seltzer-Doren Management Company
76 Lakewood Apartments Mid-America Property Management
77 Super 8 - Las Vegas, NV Owner Managed
78 Imperial Plaza Shopping Center Continental Equities
79 Thunder Hollow Harbor Group Management Company
80 K-Mart Owner Managed
81 Woodlake Village Apartments Owner Managed
82 Trabuco Marketplace O. Hill Partners Inc
83 Indian Valley Apartments CNC Investments, Inc.
84 Flamingo West Center MDL Group
85 Mill Creek Shopping Center Richard J. McGoldrick
86 High Vista Apartments EMES Management Corp.
87 Woodland Office Center Orvick Management Group
88 Bayfair Apartments Fuller Enterprises
89 University Green Apartments JMG Realty, Inc
90 El Dorado Mobile Home Estates Synergised Real Estate
91 Holiday Inn - Danbury, CT Hotel Motel Associates, Inc.
92 Country Inn & Suites Hotel Yedla Management Company
93 Center Ridge Apartments Westmark Management Company
94 Marriott Commerce Building EEI Holding Corporation
95 Silicon Valley Inn & Suites Owner Managed
96 Best Western - Sunnyvale Owner Managed
97 Golden Valley Commons Tri-Star Management, Inc.
98 West Park Place Universal Management
99 Naperville Office Court M & J Wilkow, Ltd.
100 Holiday Inn Express - Mountain View, CA Owner Managed
101 Best Buy / Drug Emporium Owner Managed
102 Medical Arts Building Butler Commercial Realty
103 Comfort Inn - Sunnyvale Owner Managed
104 Holiday Inn Denver North/Coliseum Doramar Hotels, inc.
105 Windlands Shopping Center (4) Infinity Property Management Corp.
106 Northborough Woods Apartments CNC Investments, Inc.
107 Victory Townhomes Seltzer-Doren Management Company
108 Madison Building Owner Managed
109 Dairy Plaza Shopping Center Vanguard Commercial Realty, Inc
110 Comfort Inn - Concord, NH Linchris Hotel Corporation
111 Peconic Plaza Volta Realty II, LLC
112 Bayou Village Apartments Tarantino Properties, Inc.
113 Country Suites - Chattanooga, TN Owner Managed
114 Southlake Plaza II Terraco, Inc.
115 531 West Deming The Hayman Company
116 Camelot Apartments Property Services Group, Inc.
117 Sevilla Apartments Suncase Corporation
118 The Way III Apartments Owner Managed
119 Glenview Office and Industrial Park Schmid Management, Inc.
120 Hampton Inn - Decatur, AL Yedla Management Company
121 Mission Industrial Park (1H) Birkeland Cooper & Associates
122 Jurupa Business Park (1H) Birkeland Cooper & Associates
123 Colony Square Shopping Center Larry Blumberg & Associates, Inc.
124 Vintage Business Park Owner Managed
125 Bruno's Shopping Center Owner Managed
126 Crossroads Shopping Center Collett & Associates, Inc.
127 High Country Plaza The Sanders Company
128 Marina Del Rey Industrial Owner Managed
129 St. Charles Apartments (1I) Owner Managed
130 St. James Apartments (1I) Owner Managed
131 Plaza at Sunrise Wessman Development Company
132 Shannon Arms III Apartments Owner Managed
133 River Valley Square Shopping Center Owner Managed
134 Rio Commercial Center Owner Managed
135 Alexis Apartments Greco Rentals Management Company, LLC
136 Beltway Plaza 4710 Kenwood Management Company, LLC
137 Casa Linda MHP Follett Investment Properties, Inc.
138 Mesa Ridge Apartments Owner Managed
139 Vintage Business Park II Vintage Realty
140 Mountain Village Shopping Center Brantley Properties, Inc.
141 Rock River Tower Apartments Superior Investment and Development
Corporation
142 Durango Plaza Retail Center Crossroads Realty and Development
143 Beatrice Avenue Industrial William D. Feldman & Associates
</TABLE>
Managers and Locations of the Mortgaged Properties
<TABLE>
<CAPTION>
Zip
# Property Name Address City State Code
- - --- ------------- ------- ---- ----- ----
<S> <C> <C> <C> <C> <C>
72 Radisson Suites 6000 S. Memorial Parkway Huntsville AL 35802
73 Holiday Campground 10000 Park Boulevard (CR 694) Seminole FL 33777
74 Plantation Meadows Apartments 7221 NW 16th Street Plantation FL 33313
75 Gresham Townhomes 21051 Gresham Street Canoga Park CA 91306
76 Lakewood Apartments 2121 Stonelake Road Woodstock IL 60098
77 Super 8 - Las Vegas, NV 4250 Koval Lane Las Vegas NV 89109
78 Imperial Plaza Shopping Center 303 Havendale Boulevard (SR 544) Auburndale FL 33823
79 Thunder Hollow 3780 Idlebrook Circle Casselberry FL 98168
80 K-Mart 11330-60 Montwood Drive El Paso TX 79936
81 Woodlake Village Apartments 5080 Westerville Road Columbus OH 43081
82 Trabuco Marketplace 21602 - 21702 Plano Trabuo Road Santa Margarita CA 92679
83 Indian Valley Apartments 3536 Indian Creek Road Clarkston GA 30021
84 Flamingo West Center 4850 West Flamingo Road Las Vegas NV 89103
85 Mill Creek Shopping Center 9 & 50 Market Road South Portland ME 04112
86 High Vista Apartments 5041 Alabama Street El Paso TX 79930
87 Woodland Office Center 500 East Calaveras Street Milpitas CA 95035
88 Bayfair Apartments 16077 Ashland Avenue San Lorenzo CA 94580
89 University Green Apartments 1620 Bay Area Boulevard Houston TX 77058
90 El Dorado Mobile Home Estates 4525 West Twain Avenue Las Vegas NV 89103
91 Holiday Inn - Danbury, CT 80 Newtown Road Danbury CT 06810
92 Country Inn & Suites Hotel 4880 University Drive Huntsville AL 35816
93 Center Ridge Apartments 700 West Center Duncanville TX 75116
94 Marriott Commerce Building 509 South Sixth Street Springfield IL 62702
95 Silicon Valley Inn & Suites 600 N. Mathilda Avenue Sunnyvale CA 94086
96 Best Western - Sunnyvale 940 Weddell Drive Sunnyvale CA 94089
97 Golden Valley Commons 7700 Olson Memorial Highway Golden Valley MN 55427
98 West Park Place 7400 W. Greenfield Ave. West Allis WI 53214
99 Naperville Office Court 1801 - 1813 North Mill Street Naperville IL 60563
100 Holiday Inn Express - Mountain View, CA 85 and 93 W. El Camino Real Mountain View CA 94040
101 Best Buy/Drug Emporium 1580 Southlake Parkway Morrow GA 30260
102 Medical Arts Building 1307 8th Avenue Fort Worth TX 76104
103 Comfort Inn - Sunnyvale 595 N. Mathilda Avenue Sunnyvale CA 94086
104 Holiday Inn Denver North/Coliseum 4849 Bannock Street Denver CO 80216
105 Windlands Shopping Center (4) 3760 Nolensville Pike (US 41A) Nashville TN 37211
106 Northborough Woods Apartments 13502 Northborough Drive Houston TX 77067
107 Victory Townhomes 22301 Victory Boulevard Woodland Hills CA 91303
108 Madison Building 412 Madison Street Tampa FL 33602
109 Dairy Plaza Shopping Center 1527-1561 N. Singleton Avenue Titusville FL 32796
110 Comfort Inn - Concord, NH 71 Hall Street Concord NH 03301
111 Peconic Plaza Old Country Road (Route 54) Riverhead NY 11901
112 Bayou Village Apartments 6310 Dumfries Drive Houston TX 77096
113 Country Suites - Chattanooga, TN 7051 McCutcheon Road Chattanooga TN 37421
114 Southlake Plaza II 2871-2891 US Highway 30 Hobart IN 46342
115 531 West Deming 531 West Deming Chicago IL 60614
116 Camelot Apartments 2906 Washtenaw Road (SR 17) Ypsilanti MI 48197
117 Sevilla Apartments 1455 N. Perry Road Carrollton TX 75006
118 The Way III Apartments 5301 Marvin D. Love Freeway Dallas TX 75214
(US 67)
119 Glenview Office and Industrial Park NEC Chestnut & John's Drive Glenview IL 60025
120 Hampton Inn - Decatur, AL 2041 Beltline Road Decatur AL 35601
121 Mission Industrial Park (1H) 4750 Mission Blvd. Montclair CA 91763
122 Jurupa Business Park (1H) 7101 Jurupa Avenue Riverside CA 92504
123 Colony Square Shopping Center 3074 Ross Clark Circle Dothan AL 36301
124 Vintage Business Park 3017 & 3025 Vintage Drive Juneau AK 99801
125 Bruno's Shopping Center 8020 & 8050 Highway 72 West Madison AL 35756
126 Crossroads Shopping Center US Highway 52 Darlington SC 25932
127 High Country Plaza 15817 Bernardo Center Drive San Diego CA 92127
128 Marina Del Rey Industrial 4040 Del Rey Los Angeles CA 90292
129 St. Charles Apartments (1I) 1034 Elm Avenue Americus GA 31709
130 St. James Apartments (1I) 1008 24th Avenue East Cordele GA 31015
131 Plaza at Sunrise SWC Ramon Road & Sunrise Way Palm Springs CA 92264
132 Shannon Arms III Apartments 9029 Jamacha Road Spring Valley CA 91977
133 River Valley Square Shopping Center 501-545 North Telegraph Road Monroe MI 48162
(US 24)
134 Rio Commercial Center 797 NE Dixie Highway (SR 707) Rio-Jensen Beach FL 34597
135 Alexis Apartments 3500 Foothills Road Las Cruces NM 88011
136 Beltway Plaza 4710 4710 Auth Place Camp Springs MD 20746
137 Casa Linda MHP 5250 E. Lake Mead Boulevard Las Vegas NV 89114
138 Mesa Ridge Apartments 8000 Creek Bend Drive Houston TX 77071
139 Vintage Business Park II 3030-3032 Vintage Drive Juneau AK 99801
140 Mountain Village Shopping Center 749 E. Main Street Jefferson NC 28640
141 Rock River Tower Apartments 913 Main Street Rockford IL 61103
142 Durango Plaza Retail Center 4420-4450 Durango Drive Las Vegas NV 89117
143 Beatrice Avenue Industrial 12636 Beatrice Street Los Angeles CA 90066
</TABLE>
<PAGE>
Managers and Locations of the Mortgaged Properties
<TABLE>
<CAPTION>
# Property Name Manager
- - --- ------------- -------
<S> <C> <C>
144 Miller Apartments Managed by an individual,
Jean McDaniel
145 University Square Outlet Mall grahm Associates, Ltd.
146 Ridgewood Plaza Shopping Center Mid Northern Equities, Inc.
147 Chase Village Apartments Carlisle Apartments, Inc.
148 Warsaw Village Barnett Properties
149 Provident Place Office Building Owner Managed
150 920 Waukegan Road New Horizons Management Company
151 Amberley Suites Yelda Management Company
152 Rite Aid - Kennebunk (5) Owner Managed
153 Stuart Towne Apartments Owner Managed
154 Santa Ana Villas Les Ayres dba Sequoia Real Estate
155 Orland Park Outlots Terraco, Inc.
156 Brazos Square Shopping Center DH Real Estate Investment Company
157 Community Mall Crossroads Realty, Inc.
158 Comfort Inn - Fife, WA Owner Managed
159 Aspen Business Park Crown Properties, LLC
160 Hampton Inn - Ft. Pierce, FL Owner Managed
161 Oak Tree Mobile Home Park Owner Managed
162 Walnut Square Apartments Owner Managed
163 Royal Oaks Mobile Home Park Bruce E. Davis and Douglas M. Davis
164 Plymouth Square Apartments Dietz Management
165 Watchung View Apartments Kamson Corporation
166 Embassy Apartments Vinod K. Luthra
167 Best Buy - West Dundee L and N Bolton Living Trust
168 1400 Destrehan Avenue Owner Managed
169 Breckenridge Apartments Sherron Associates of Texas, Inc.
170 Rosemont Terrace Apartments Saratoga Capital, Inc.
171 Days Inn - Dover, DE Owner Managed
172 Iberia Center Boardwalk Development, Inc.
173 Shadydale Village Mobile Home Park Love Properties, Inc.
174 Park Terrace Shopping Center Owner Managed
175 Hanover Village Apartments Westmark Management Company
176 Harlem Furniture Owner Managed
177 Travelodge Sea - Tac Owner Managed
178 Tree Tops Apartments Westmark Management Company
179 Old Town Place Apartments Owner Managed
180 The Meadows Apartments Saratoga Capital, Inc.
181 Chapman & Feldner Shopping Center Owner Managed
182 BCH Office Building Carson Development Co., Inc.
183 Colonial Pines MHP Owner Managed
184 NationsBank Professional Center Kew Management Corporation
185 Belmeade Office Warehouse 46 Corp.
186 Central Building Owner Managed
187 710 Amsterdam Avenue Weinstein Industries, Inc.
188 Sandstone Apartments & Vista Norte Apartments Owner Managed
189 Highland Park Place II Shopping Center First Commercial Realty &
Development Co., Inc.
190 Salem Creek Apartments Carlisle Apartments
191 Country Greens Apartments Alton Management Company
192 Quail Ridge Apartments Cardinal Properties Management
193 Harold Gilstrap Shopping Center Sierra Management Corp.
194 Sahara West Plaza Americana Commercial Group
195 Walgreens at Mission & 23rd Street Owner Managed
196 Comfort Inn - Bangor, ME Diamond Properties, Inc.
197 Econolodge - Bangor, ME Diamond Properties, Inc.
198 Point Clinton Aram Papazian
199 Rite Aid - North Conway Baxter Property Management
200 Ravenscroft Apartments Owner Managed
201 Coach Country Corral MHP Owner Managed
202 Taft and Cleveland Paradise Apartments Owner Managed
203 Kerr Station Village The Dunlea Group
204 700 1/2-708 Steamboat Road Owner Managed
205 Tyrone Village MHP Owner Managed
206 Meadow Run Apartments Westmark Management Company
207 45 Church Street Amdour, Inc.
208 New Brunswick Apartments Kamson Corporation
209 Fiesta RV Resort Owner Managed
210 Cedar Place Office Park David Epstein Company
211 Oak Hollow Mobile Home Park Owner Managed
212 Centerline Plaza Apartments Ivanhoe Companies
213 Gottschalk's Department Store Owner Managed
214 Southport Place David A. Mack Properties, LLC
215 Bell Building EEI Holding Corporation
</TABLE>
Managers and Locations of the Mortgaged Properties
<TABLE>
<CAPTION>
Zip
# Property Name Address City State Code
- - --- ------------- ------- ---- ----- ----
<S> <C> <C> <C> <C> <C>
144 Miller Apartments 2335 Stuart Avenue Albany GA 31707
145 University Square Outlet Mall 816 S. College Ave Wilmington NC 28402
146 Ridgewood Plaza Shopping Center 300-330 Ridge Road Munster IN 46321
147 Chase Village Apartments 8028 Gessner Drive Austin TX 78753
148 Warsaw Village US Highway 360 Warsaw VA 22572
149 Provident Place Office Building 2220 San Jacinto Blvd. Denton TX 76205
150 920 Waukegan Road 920 S. Waukegan Road Lake Forest IL 60045
151 Amberley Suites 807 Bank St. Decatur AL 35601
152 Rite Aid - Kennebunk (5) 37 Portland Street (US 1) Kennebunk ME 04043
153 Stuart Towne Apartments 1901 Old Shell Road Port Royal SC 29935
154 Santa Ana Villas 2204 North Peach Avenue Clovis CA 93612
155 Orland Park Outlots 9310 - 9396 159th Street (US 6) Orland Park IL 60462
156 Brazos Square Shopping Center 120 Highway 332 Lake Jackson TX 77566
157 Community Mall 77-83 Route 37 West Toms River NJ 08753
158 Comfort Inn - Fife, WA 5601 Pacific Highway East Fife WA 98424
159 Aspen Business Park 9934 & 9942 N. Alpine Road Machesney Park IL 60115
160 Hampton Inn - Ft. Pierce, FL 2831 Reynolds Drive Ft. Pierce FL 34945
161 Oak Tree Mobile Home Park 565 Diamond Road Jackson Township NJ 08527
162 Walnut Square Apartments 1440 N. Linden Road Flint MI 48532
163 Royal Oaks Mobile Home Park 4069 South Pacific Highway Medford OR 97051
164 Plymouth Square Apartments 9421 Marguerite Road Plymouth Township MI 48170
165 Watchung View Apartments 650 Somerset Avenue North Plainfield NJ 07060
166 Embassy Apartments 4, 20, 34, 42 & 45 Embassy Square Tonawanda NY 14150
167 Best Buy - West Dundee 979 Main Street West Dundee IL 60118
168 1400 Destrehan Avenue 1400 Destrehan Avenue Harvey LA 70058
169 Breckenridge Apartments 1701 Big Sur Drive Arlington TX 75007
170 Rosemont Terrace Apartments 3690 South Port Drive Rancho Cordova CA 95826
171 Days Inn - Dover, DE 272 North Dupont Highway Dover DE 19901
172 Iberia Center 16588 Bernardo Center Drive San Diego CA 92128
173 Shadydale Village Mobile Home Park 100 Apollo Drive Fayetteville GA 30214
174 Park Terrace Shopping Center 2223 NC Highway 54 Durham NC 27713
175 Hanover Village Apartments 311 Hanover Village Wilkes-Barre PA 18702
176 Harlem Furniture 2575 N. Elston Avenue Chicago IL 60606
177 Travelodge Sea - Tac 14845 Pacific Highway South (SR 99) Seattle WA 98168
178 Tree Tops Apartments 3421 Old Vineyard Road Winston-Salem NC 27103
179 Old Town Place Apartments 1506 School Road Carrollton TX 75006
180 The Meadows Apartments 10108 Malaga Way; 2807 LaLoma Rancho Cordova CA 95670
181 Chapman & Feldner Shopping Center 1708-1724 West Chapman Avenue Orange CA 92668
182 BCH Office Building 1717 Second St & 1722 Third St Sacramento CA 95814
183 Colonial Pines MHP 2101 Colonial Avenue Navarre FL 32566
184 NationsBank Professional Center 8181 W. Broward Blvd. Plantation FL 33324
185 Belmeade Office Warehouse 2910 Belmeade, 2410 & Carrolton TX 75006
2420 Tarpley Road
186 Central Building 245 Main Street Salinas CA 93902
187 710 Amsterdam Avenue 710 Amsterdam Avenue New York NY 10025
188 Sandstone Apartments & 1502 & 1616 Calle Del Norte Laredo TX 78041
Vista Norte Apartments
189 Highland Park Place II Shopping Center 14461 - 14529 Woodward Avenue Highland Park MI 48203
190 Salem Creek Apartments 802-803 Flame Circle San Antonio TX 78221
191 Country Greens Apartments 630 Stevens Village Drive Dallas TX 75208
192 Quail Ridge Apartments 1001 North State Road (SR 15) Davison MI 48423
193 Harold Gilstrap Shopping Center 601 South Main Street Salem IN 47167
194 Sahara West Plaza 5601 West Sahara Avenue (SR 589) Las Vegas NV 89108
195 Walgreens at Mission & 23rd Street 2690 Mission Street San Francisco CA 94110
196 Comfort Inn - Bangor, ME 750 Hogan Road Bangor ME 04401
197 Econolodge - Bangor, ME 327 Odlin Road Bangor ME 04401
198 Point Clinton 186 Center Street Clinton NJ 08809
199 Rite Aid - North Conway 1623 White Mountain Highway North Conway NH 03818
200 Ravenscroft Apartments 25 Fairview Avenue Phillipsburg NJ 08865
201 Coach Country Corral MHP 1921 208th Street East Spanaway WA 98387
202 Taft and Cleveland Paradise Apartments 1720 Cleveland Street & Hollywood FL 33021
2545 Taft Street
203 Kerr Station Village S. Kerr Ave. & Franklin Wilmington NC 28402
204 700 1/2-708 Steamboat Road 702-708 Steamboat Road Greenwich CT 06830
205 Tyrone Village MHP 13618 North Florida Avenue Tampa FL 33613
206 Meadow Run Apartments 3301 Abbeville Highway (SR 28) Anderson SC 29624
207 45 Church Street 45 Church Street Stamford CT 06906
208 New Brunswick Apartments 119 Livingston New Brunswick NJ 13760
209 Fiesta RV Resort 46421 Madison Street Indio CA 92201
210 Cedar Place Office Park 813 East 86th Street Indianapolis IN 46240
211 Oak Hollow Mobile Home Park 2746 Morth Oak Harbor Road Oak Harbor WA 98277
212 Centerline Plaza Apartments 25005 Lawrence Street Warren MI 48322
213 Gottschalk's Department Store 372 Elm Avenue Auburn CA 95603
214 Southport Place 30 Jelliff Lane Southport CT 06490
215 Bell Building 424 S. 5th Street Springfield IL 62702
</TABLE>
<PAGE>
Managers and Locations of the Mortgaged Properties
<TABLE>
<CAPTION>
# Property Name Manager
- - --- ------------- -------
<S> <C> <C>
216 Days Inn - Bangor, ME Diamond Properties, Inc.
217 Stratford Shopping Center Owner Managed
218 Country Aire Manor Owner Managed
219 Corlett Creek Apartments Mid America Management Corporation
220 Anchor Bay Apartments Ivanhoe Companies
221 Tall Pines Shopping Center Stanaland Realty Company
222 Skyline Professional Building Equity Holdings Inc
223 Southwood Acres MHP Owner Managed
224 Nalbert Apartments Owner Managed
225 Ware's Van & Storage Co. Owner Managed
226 1220 South University Avenue Suburban Campus Properties, Inc.
227 49 Commerce Drive/81 Ethan Allen Drive KPS Management LLC
228 3211 Battleground Kotis Properties, Inc.
229 Gardner Building West Essex, Inc.
230 778 Main Street MacBride Management, Inc.
231 Walton Village Plaza Shopping Cener L.G. Bones, L.L.C.
232 Briarwood Apartments CIH Properties, Inc.
233 Rancho Santa Fe Shopping Center Realty 2000, Inc.
234 Winston Place Apartments Westmark Management Company
235 Hondo Park Apartments Owner Managed
236 Allegheny Apartments MJW Investments, Inc.
237 Huntington North Apartments Owner Managed
238 Rite Aid - Yarmouth Owner Managed
239 Sylvan Apartments MJW Investments, Inc.
240 Finger Lakes/Farmington Court Apartments Indus Associates
241 Woodlake Resort Village Apartments Owner Managed
242 Walnut Villas Apartments Westmark Management Company
243 Portsmouth Place Apartments Portsmouth Housing Authority
244 70 Warren Avenue Owner Managed
245 Martinsville Plaza Owner Managed
246 Route 66 Business World Owner Managed
247 Woodwinds Condominiums Sherron Associates of Texas, Inc.
248 Car Engineering Building Owner Managed
249 Executive Townhomes Owner Managed
250 Parkside Place Apartments Owner Managed
251 College Square Apartments National Realty Mangement, Inc.
252 Hartford Crossing Shopping Center Capstone Properties, Inc.
253 Cypress Plaza Shopping Center Investment Concepts, Inc.
254 Sarasota Place Apartments Owner Managed
255 Clayton Forest Apartments CF Management Corporation
256 Checker Auto Parts Owner Managed
257 Southpointe Shopping Center Investment Concepts, Inc.
258 Maple Court Apartments Kamson Corporation
259 Crestwood MHP Owner Managed
260 Hyde Park Apartments Eagle Star Group
261 Allen Medical Building Swearingen Realty Group
262 Canyon View Offices Owner Managed
263 Firehouse Square Key Investment Properties, Inc.
264 Plymouth Place Plaza Owner Managed
265 Meridian Mobile Home Park Owner Managed
266 Country Mobile Estates Owner Managed
267 Village Apartments Owner Managed
268 Ackels Mobile Home Park West Maple Management Associates
269 Redford Manor Apartments Lakesview Plaza Associates LP
270 Doms Business Park Owner Managed
271 Bradfield Creek Apartments Owner Managed
272 San Remo Apartments Burlington Ventures, Inc.
273 Consolidated Printing Owner Managed
274 Knightsbridge Apartments Eaton Hall Limited Partnership
275 Whispering Meadows Owner Managed
276 Buckingham Court Apartments Owner Managed
277 Homestead Apartments Westmark Management Company
278 4th Avenue West Estates Owner Managed
279 Long Point Plaza Apartments Owner Managed
280 Treaty Oaks Apartments Owner Managed
281 Wilshire Estates MHP VSOP, Inc.
282 Hollywood Video Owner Managed
283 5 Milk Street Owner Managed
284 Cardi Building Owner Managed
285 Boulevard of Chevy Chase Apartments Town & Country Investments, LLC
286 10 McKinley Street Owner Managed
287 Londonaire Townhouses Indus Associates
</TABLE>
<TABLE>
<CAPTION>
Zip
# Property Name Address City State Code
- - --- ------------- ------- ---- ----- ----
<S> <C> <C> <C> <C> <C>
216 Days Inn - Bangor, ME 250 Odlin Road Bangor ME 04401
217 Stratford Shopping Center 414 South White Horse (US 30) Stratford NJ 35061
218 Country Aire Manor 17102 Meridian Street East (SR 161) Puyallup WA 98375
219 Corlett Creek Apartments 1105 N. Chipman St. Owosso MI 48867
220 Anchor Bay Apartments 50620 Jefferson Road New Baltimore MI 48047
221 Tall Pines Shopping Center 905-911 Pine Crest Drive Marshall TX 75670
222 Skyline Professional Building 12940 Harriet Avenue South Burnesville MN 55337
223 Southwood Acres MHP Irish Hill Road & Magnolia DE 19962
Lexington Mill Road
224 Nalbert Apartments 1301-1319 Fort Myer Drive Arlington VA 22209
225 Ware's Van & Storage Co. 1344 North West Boulevard Vineland NJ 08360
226 1220 South University Avenue 1220 South University Avenue Ann Arbor MI 48104
227 49 Commerce Drive/81 Ethan Allen Drive 49 Commerce Dr. & South Burlington VT 05403
81 Ethan Allen Drive
228 3211 Battleground 3211 Battleground Avenue (US 220) Greensboro NC 27408
229 Gardner Building 17-19 Gardner Road Fairfield NJ 07004
230 778 Main Street 778 Main Street South Portland ME 04106
231 Walton Village Plaza Shopping Cener 3021-395 Walton Boulevard Auburn Hills MI 48321
232 Briarwood Apartments 3500 Briarwood Drive Dumfries VA 22026
233 Rancho Santa Fe Shopping Center 5081 North Rainbow Boulevard Las Vegas NV 89118
234 Winston Place Apartments 3108 Winston Place Manhattan KS 66502
235 Hondo Park Apartments 2544 Hondo Avenue Dallas TX 75219
236 Allegheny Apartments 12001-12021 Allegheny Street Los Angeles CA 90056
237 Huntington North Apartments 298-326 Auburn Street Portland ME 04102
238 Rite Aid - Yarmouth US Route 1 Yarmouth ME 04096
239 Sylvan Apartments 13727 - 13749 Sylvan Street Los Angeles CA 91401
240 Finger Lakes/Farmington Court Apartments 1214 Mertensia Road Farmington NY 14425
241 Woodlake Resort Village Apartments 6000 Woodlake Pkwy. San Antonio TX 78244
242 Walnut Villas Apartments 1027 East Florence Avenue Vineland NJ 08360
243 Portsmouth Place Apartments 263 Rockland Avenue Portsmouth NH 03101
244 70 Warren Avenue 70 Warren Avenue Chelsea MA 01250
245 Martinsville Plaza 1966 Washington Valley Road Martinsville NJ 08836
246 Route 66 Business World 7215 New Market Court Manassas VA 22110
247 Woodwinds Condominiums 3947 Pleasant Run Road Irving TX 75038
248 Car Engineering Building 51 Victor Heights Parkway Victor NY 14564
249 Executive Townhomes 2501 N. Bishop Street San Marcos TX 78666
250 Parkside Place Apartments 2833 Community Drive Dallas TX 75220
251 College Square Apartments 6210-6220 South 51st Street Greendale WI 53129
252 Hartford Crossing Shopping Center 550 Hartford Avenue Providence RI 02909
253 Cypress Plaza Shopping Center 9801-9969 Walker Street & Cypress CA 90630
5481 Ball Road
254 Sarasota Place Apartments 4815-4845 Bradenton Road Sarasota FL 34234
255 Clayton Forest Apartments 4711 Waldrop Drive Forest Park GA 30297
256 Checker Auto Parts 911 North Circle Drive Colorado Springs/Pueblo CO 00000
and 1005 West Highway 50
257 Southpointe Shopping Center 24021 Alessandro Blvd. Moreno Valley CA 92553
258 Maple Court Apartments 25 Teaneck Road Ridgefield Park NJ 07660
259 Crestwood MHP 4404 Ruddell Road, SE Lacey WA 98503
260 Hyde Park Apartments 3627 Gillham Road Kansas City MO 64111
261 Allen Medical Building 515 Main St. Allen TX 75013
262 Canyon View Offices 21308 Pathfinder Road Diamond Bar CA 91765
263 Firehouse Square 602/620 Auburn Way South Auburn WA 98002
264 Plymouth Place Plaza 34706-34730 Plymouth Road Livonia MI 48150
265 Meridian Mobile Home Park 202 27th Avenue SE Puyallup WA 98374
266 Country Mobile Estates 16308 B Street East Spanaway WA 98445
267 Village Apartments 2458 Westgate Drive Commerce TX 75148
268 Ackels Mobile Home Park 25151 Dequindre Road Madison Heights MI 48071
269 Redford Manor Apartments 27000 Joy Road Redford MI 48239
270 Doms Business Park 41-995 Boardwalk Palm Desert CA 92211
271 Bradfield Creek Apartments 2122 Woodnote Garland TX 75040
272 San Remo Apartments 2204 San Gabriel Street Austin TX 78705
273 Consolidated Printing 1301-B Governors Court Abingdon MD 21040
274 Knightsbridge Apartments 5906-5912 Park Heights Avenue Baltimore MD 21215
275 Whispering Meadows 640 S. Porter Street Manchester NH 03103
276 Buckingham Court Apartments 3524 Buckingham Road Garland TX 75042
277 Homestead Apartments 5401 56th Street Lubbock TX 79414
278 4th Avenue West Estates 11100 4th Avenue West Everett WA 98204
279 Long Point Plaza Apartments 1742 Woodvine Drive Houston TX 77055
280 Treaty Oaks Apartments 3700 Manchaca Road Austin TX 78704
281 Wilshire Estates MHP 228 Billy Avenue Warner Robins GA 31093
282 Hollywood Video 6473 Niles Street Bakersfield CA 93301
283 5 Milk Street 5 Milk Street Portland ME 04112
284 Cardi Building 833 Phillips Road Victor NY 14564
285 Boulevard of Chevy Chase Apartments 4733 Bradley Boulevard (SR 191) Bethesda MD 20815
286 10 McKinley Street 10 McKinley Street Closter NJ 07624
287 Londonaire Townhouses 6119 Strauss Road Lockport NY 14094
</TABLE>
<PAGE>
Managers and Locations of the Mortgaged Properties
<TABLE>
<CAPTION>
# Property Name Manager
- - --- ------------- -------
<S> <C> <C>
288 Heon Court Apartments Dube & Cabral Investments
289 One Cameron Place Owner Managed
290 197 U.S. Route One Owner Managed
291 980 Forest Avenue Owner Managed
292 Chandler's Crossing Apartments Owner Managed
293 Kingswood Apartments Owner Managed
294 4525-4535 McEwen Road Owner Managed
295 Doms Metroplex Park Owner Managed
296 Baxter Mills Apartments Owner Managed
297 Seven Eleven Mosbacher Properties, Inc.
298 Royal North Apartments Owner Managed
299 3314 Mount Pleasant Apartments Owner Managed
300 Virginia Apartments Owner Managed
301 Pagewood Oval Apartments Owner Managed
302 Creekview Condominiums Owner Managed
303 Park Hill Apartments Bhoopinder Mehta
304 Amherst Gardens Owner Managed
305 Arlington Arms Apartments Dube & Cabral Investments
306 Rebecca Apartments Owner Managed
307 Barstow Plaza Owner Managed
308 Fleur de Lis Apartments Owner Managed
309 2602 Penny Lane Owner Managed
310 3246 Navarre Avenue Owner Managed
311 Tara Apartments Owner Managed
312 Mark V Apartments Owner Managed
313 Hallmark Apartments Owner Managed
314 Mirage Apartments Owner Managed
315 Main Street Studios Owner Managed
316 Summertree Apartments Owner Managed
317 Prestige State Bank Owner Managed
318 Masonic Temple Owner Managed
</TABLE>
<TABLE>
<CAPTION>
Zip
# Property Name Address City State Code
- - --- ------------- ------- ---- ----- ----
<S> <C> <C> <C> <C> <C>
288 Heon Court Apartments 109-111 Allds St. Nashua NH 03060
and 1-20 Heon Court
289 One Cameron Place 7901 Cameron Road Austin TX 78753
290 197 U.S. Route One 197 US Route 1 Scarborough ME 04074
291 980 Forest Avenue 980 Forest Avenue Portland ME 04103
292 Chandler's Crossing Apartments 809 N. Broad Chandler TX 75758
293 Kingswood Apartments 4318 Bull Creek Road Austin TX 78731
294 4525-4535 McEwen Road 4525-4535 McEwen Road Farmers Branch TX 75244
295 Doms Metroplex Park 72-096 Dunham Way Thousand Palms CA 92211
296 Baxter Mills Apartments 80 Buffumsville Road Somersworth NH 03878
297 Seven Eleven 112-05/11 Liberty Avenue Ozone Park NY 11419
298 Royal North Apartments 4422 & 4525 Weaver Road Houston TX 77016
299 3314 Mount Pleasant Apartments 3314 Mount Pleasant Washington DC 20010
300 Virginia Apartments 2010 Betty Lane Richmond VA 23226
301 Pagewood Oval Apartments 6 Page Road Litchfield NH 03052
302 Creekview Condominiums 1601 Beltline Road Garland TX 75044
303 Park Hill Apartments 250 Johnson Street Palmyra NY 14522
304 Amherst Gardens 464 Boston Post Road Amherst NH 03031
305 Arlington Arms Apartments 18 1/2 Arlington Street Nashua NH 03060
306 Rebecca Apartments 9707 Timberside Drive Houston TX 77025
307 Barstow Plaza 1303-1311 E. Main Street Barstow CA 92311
308 Fleur de Lis Apartments 100 South Williams Street Natchitoches LA 71457
309 2602 Penny Lane 2602 Penny Lane Austin TX 78757
310 3246 Navarre Avenue 3246 Navarre Avenue Oregon OH 43616
311 Tara Apartments 65 Lambert Street Portland ME 04102
312 Mark V Apartments 3914 Avenue D Austin TX 78751
313 Hallmark Apartments 710 W. 34th Street Austin TX 78703
314 Mirage Apartments 13343 Maham Road Dallas TX 75240
315 Main Street Studios 4311 Main Street Dallas TX 75226
316 Summertree Apartments 312 Second Street Natchitoches LA 71457
317 Prestige State Bank 92 Old Highway 22 (SR 173) Clinton NJ 08809
318 Masonic Temple 90 Washington Street Dover NH 03840
</TABLE>
(1A) The Mortgage Loans secured by 250 South Clinton, Steelway North &
South, 1001 and 1011 AIP Drive, Northeast Industrial Building #21, 507
Plum Street, 3530 East Pike, Northeast Industrial Building #8,
Northeast Industrial Building #22, 4, 5 & 8 Marway, 16725 Square Drive
and One Clinton Square, respectively, are cross-collateralized and
cross-defaulted.
(1B) The Mortgage Loans secured by The Hughes Center at Rancho Niguel and
The Edwards Center at Rancho Niguel, respectively, are
cross-collateralized and cross-defaulted.
(1C) The Mortgage Loans secured by Rivertree Court Shopping Center,
Woodland Heights Shopping Center, Winnetka Commons Shopping Center,
Berwyn Plaza Shopping Center and Walgreen's Store, respectively,
are cross-collateralized and cross-defaulted in a 10 Year Interest
Only Loan.
(1D) The Mortgage Loans secured by Blue Ash Portfolio, Springdale Office
Center, Executive Center East and McDonald's, respectively, are
cross-collateralized and cross-defaulted.
(1E) The Mortgage Loans secured by Strorage Box/Stowaway Storage and
Maplewood MHP, respectively, are cross-collateralized and
cross-defaulted.
(1F) The Mortgage Loans secured by Run in Foods DP #4, Run in Foods Unit
DP#7, Run in Foods #401, Run in Foods #406, Run in Foods #402, Run in
Foods #403, Run in Foods # 404, Run in Foods Unit #410, respectively,
are cross-collateralized and cross-defaulted. The appraised value of
each such Mortgage Loan includes as estimated enterprise value and an
appraised real estate value. The aggregate of the appraised real
estate values of such Mortgage Loans is $8,910,000.
(1G) The Mortgage Loans secured by Super 8-Midtown, Super 8-East and
Super 8-West, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by Mission Industrial Park and Jurupa
Business Park, respectively, are cross-collateralized and
cross-defaulted.
(1I) The Mortgage Loans secured by St. Charles Apartments and St. James
Apartments, respectively, are cross-collateralized and cross-defaulted.
(2) Embassy Crossing Shopping Center has an interest only period of
24 months from origination and thereafter is scheduled to amortize
over 336 months.
(3) Green's Corner has an interest only period of 24 months from
origination and thereafter is scheduled to amortize over 336 months.
(4) Windlands Shopping Center has an interest only period of 24 months
from origination and thereafter is scheduled to amortize over
336 months.
(5) The Mortgage Loan secured by Rite Aid - Kennebunk provides for an
increase in the amount of the monthly payment in June 2008. The
Underwritten DSCR presented herein with respect to the mortgage loan
is based on monthly payment in effect as of November 1, 1998.
<PAGE>
Characteristics of the Mortgage Loans
<TABLE>
<CAPTION>
Original Percentage of
Principal Cut-off Date Initial
# Property Name (1) Balance Balance (6) Pool Balance
- - --- ----------------- ----------- ------------ -------------
<S> <C> <C> <C> <C>
1 Chanin Building $75,000,000 $74,826,649 6.5%
2 250 South Clinton Street (1A) $16,560,000 $16,560,000 1.4%
3 Steelway North & South (1A) $11,120,000 $11,120,000 1.0%
4 1001 and 1011 AIP Drive (1A) $ 7,280,000 $ 7,280,000 0.6%
5 Northeast Industrial Building # 21 (1A) $ 5,280,000 $ 5,280,000 0.5%
6 507 Plum Street (1A) $ 5,200,000 $ 5,200,000 0.5%
7 3530 East Pike (1A) $ 4,600,000 $ 4,600,000 0.4%
8 Northeast Industrial Building # 8 (1A) $ 4,320,000 $ 4,320,000 0.4%
9 Northeast Industrial Building #22 (1A) $ 3,680,000 $ 3,680,000 0.3%
10 4, 5 & 8 Marway Circle (1A) $ 3,540,000 $ 3,540,000 0.3%
11 16725 Square Drive (1A) $ 2,240,000 $ 2,240,000 0.2%
12 One Clinton Square (1A) $ 1,680,000 $ 1,680,000 0.1%
13 The Hughes Center at Rancho Niguel (1B) $23,000,000 $23,000,000 2.0%
14 The Edwards Center at Rancho Niguel (1B) $ 5,700,000 $ 5,700,000 0.5%
15 Rivertree Court Shopping Center (1C) $18,190,000 $18,190,000 1.6%
16 Woodland Heights Shopping Center (1C) $ 3,100,000 $ 3,100,000 0.3%
17 Winnetka Commons Shopping Center (1C) $ 2,375,000 $ 2,375,000 0.2%
18 Berwyn Plaza Shopping Center (1C) $ 740,000 $ 740,000 0.1%
19 Walgreen's Store (1C) $ 595,000 $ 595,000 0.1%
20 Heritage Point $25,000,000 $25,000,000 2.2%
21 Best Western Inn of Chicago $22,000,000 $21,924,346 1.9%
22 Christiana Hilton Inn - Newark, DE $21,500,000 $21,477,544 1.9%
23 Embassy Crossing Shopping Center (2) $20,000,000 $20,000,000 1.7%
24 Jefferson at Treetops $19,600,000 $19,557,134 1.7%
25 Dominion Tower & Parking Garage $18,700,000 $18,623,256 1.6%
26 Holiday Inn Hurstborne $18,500,000 $18,424,846 1.6%
27 Blue Ash Portfolio (1D) $10,839,000 $10,823,361 0.9%
28 Springdale Office Center (1D) $ 3,766,000 $ 3,760,566 0.3%
29 Executive Center East (1D) $ 1,120,000 $ 1,118,384 0.1%
30 McDonald's (1D) $ 275,000 $ 274,603 0.0%
31 11 Park Place $15,000,000 $14,958,883 1.3%
32 Twin Creeks Apartments $12,800,000 $12,763,483 1.1%
33 Storage Box / Stowaway Storage (1E) $ 6,160,000 $ 6,140,513 0.5%
34 Maplewood MHP (1E) $ 5,840,000 $ 5,827,487 0.5%
35 Corporate Office Park I and II $11,300,000 $11,231,408 1.0%
36 Knights Bridge II Apartments $ 9,650,000 $ 9,623,406 0.8%
37 Preston Stonebrook Center $ 8,900,000 $ 8,893,669 0.8%
38 Run in Foods DP #4 (1F) $ 2,604,000 $ 2,581,199 0.2%
39 Run in Foods Unit DP#7 (1F) $ 2,429,000 $ 2,407,731 0.2%
40 Run in Foods #401 (1F) $ 882,000 $ 874,277 0.1%
41 Run in Foods #406 (1F) $ 859,675 $ 852,147 0.1%
42 Run in Foods #402 (1F) $ 782,000 $ 775,153 0.1%
43 Run in Foods #403 (1F) $ 632,000 $ 626,466 0.1%
44 Run in Foods #404 (1F) $ 443,850 $ 439,964 0.0%
45 Run in Foods Unit #410 (1F) $ 67,475 $ 66,884 0.0%
46 Super 8-Midtown (1G) $ 5,800,000 $ 5,789,994 0.5%
47 Super 8-East (1G) $ 1,600,000 $ 1,597,240 0.1%
48 Super 8-West (1G) $ 1,200,000 $ 1,197,930 0.1%
49 Wellington Woods & Lakes $ 8,200,000 $ 8,170,673 0.7%
50 Hampton Inn - Indianapolis, IN $ 8,050,000 $ 8,016,829 0.7%
51 Chidlaw Building $ 8,000,000 $ 7,984,025 0.7%
52 Mahwah Business Park $ 8,000,000 $ 7,974,442 0.7%
53 Grandview Garden Apartments $ 7,750,000 $ 7,738,544 0.7%
54 Cornerstone Office Building $ 7,500,000 $ 7,500,000 0.7%
55 160 Pine Street $ 7,500,000 $ 7,489,671 0.7%
56 River Run Apartments $ 7,500,000 $ 7,473,176 0.6%
57 180 North Michigan Avenue $ 7,300,000 $ 7,285,307 0.6%
58 Oak Hills Apartments $ 7,240,000 $ 7,202,981 0.6%
59 145 Rosemary Street $ 7,000,000 $ 6,992,657 0.6%
60 Holiday Inn - Youngstown, OH $ 7,000,000 $ 6,985,531 0.6%
61 Tierra Verde Marine Center $ 6,900,000 $ 6,871,625 0.6%
62 MCOM Building $ 6,900,000 $ 6,849,565 0.6%
63 Mayport Trace Apartments $ 6,800,000 $ 6,795,710 0.6%
64 Mercantile Bank Building $ 6,800,000 $ 6,784,681 0.6%
65 Brook Forest Apartments $ 6,600,000 $ 6,586,610 0.6%
66 Midfield Shopping Center $ 6,500,000 $ 6,495,481 0.6%
67 Far East Plaza $ 6,500,000 $ 6,493,020 0.6%
68 Highland Square Shopping Center $ 6,350,000 $ 6,323,887 0.5%
69 Spanish Villa Apartments $ 6,300,000 $ 6,292,223 0.5%
70 Green's Corner (3) $ 6,240,000 $ 6,240,000 0.5%
71 Mountain Ridge Apartments $ 6,200,000 $ 6,183,772 0.5%
72 Radisson Suites $ 6,050,000 $ 6,031,740 0.5%
73 Holiday Campground $ 6,000,000 $ 5,985,725 0.5%
<CAPTION>
Original Remaining Original Remaining
Amortization Amortization Term to Term to
Term Term Maturity Maturity Mortgage
# Property Name (1) (months) (months) (months)(7) (months)(7) Rate
--- ----------------- ------------ ------------ ----------- ----------- ------
<S> <C> <C> <C> <C> <C> <C>
1 Chanin Building 300 298 120 118 6.930%
2 250 South Clinton Street (1A) 360 360 120 120 7.500%
3 Steelway North & South (1A) 360 360 120 120 7.500%
4 1001 and 1011 AIP Drive (1A) 360 360 120 120 7.500%
5 Northeast Industrial Building # 21 (1A) 360 360 120 120 7.500%
6 507 Plum Street (1A) 360 360 120 120 7.500%
7 3530 East Pike (1A) 360 360 120 120 7.500%
8 Northeast Industrial Building # 8 (1A) 360 360 120 120 7.500%
9 Northeast Industrial Building #22 (1A) 360 360 120 120 7.500%
10 4, 5 & 8 Marway Circle (1A) 360 360 120 120 7.500%
11 16725 Square Drive (1A) 360 360 120 120 7.500%
12 One Clinton Square (1A) 360 360 120 120 7.500%
13 The Hughes Center at Rancho Niguel (1B) 360 360 120 120 6.640%
14 The Edwards Center at Rancho Niguel (1B) 360 360 120 120 6.640%
15 Rivertree Court Shopping Center (1C) IO IO 120 120 7.000%
16 Woodland Heights Shopping Center (1C) IO IO 120 120 7.000%
17 Winnetka Commons Shopping Center (1C) IO IO 120 120 7.000%
18 Berwyn Plaza Shopping Center (1C) IO IO 120 120 7.000%
19 Walgreen's Store (1C) IO IO 120 120 7.000%
20 Heritage Point 360 360 120 120 7.750%
21 Best Western Inn of Chicago 240 238 120 118 7.450%
22 Christiana Hilton Inn - Newark, DE 300 299 120 119 6.980%
23 Embassy Crossing Shopping Center (2) 336 336 120 117 7.090%
24 Jefferson at Treetops 360 357 120 117 6.810%
25 Dominion Tower & Parking Garage 300 296 120 116 7.340%
26 Holiday Inn Hurstborne 300 296 120 116 7.390%
27 Blue Ash Portfolio (1D) 360 358 120 118 7.020%
28 Springdale Office Center (1D) 360 358 120 118 7.020%
29 Executive Center East (1D) 360 358 120 118 7.020%
30 McDonald's (1D) 360 358 120 118 7.020%
31 11 Park Place 360 356 120 116 6.970%
32 Twin Creeks Apartments 360 356 120 116 6.820%
33 Storage Box/Stowaway Storage (1E) 300 297 120 117 7.270%
34 Maplewood MHP (1E) 360 357 120 117 6.890%
35 Corporate Office Park I and II 360 351 120 111 7.610%
36 Knights Bridge II Apartments 360 356 120 116 6.950%
37 Preston Stonebrook Center 360 359 120 119 6.560%
38 Run in Foods DP #4 (1F) 240 234 120 114 8.520%
39 Run in Foods Unit DP#7 (1F) 240 234 120 114 8.520%
40 Run in Foods #401 (1F) 240 234 120 114 8.520%
41 Run in Foods #406 (1F) 240 234 120 114 8.520%
42 Run in Foods #402 (1F) 240 234 120 114 8.520%
43 Run in Foods #403 (1F) 240 234 120 114 8.520%
44 Run in Foods #404 (1F) 240 234 120 114 8.520%
45 Run in Foods Unit #410 (1F) 240 234 120 114 8.520%
46 Super 8-Midtown (1G) 240 239 240 239 7.000%
47 Super 8-East (1G) 240 239 240 239 7.000%
48 Super 8-West (1G) 240 239 240 239 7.000%
49 Wellington Woods & Lakes 360 355 120 115 6.980%
50 Hampton Inn - Indianapolis, IN 300 296 120 116 7.320%
51 Chidlaw Building 360 357 120 117 7.160%
52 Mahwah Business Park 300 297 120 117 7.220%
53 Grandview Garden Apartments 360 358 180 178 6.920%
54 Cornerstone Office Building 360 360 120 120 6.850%
55 160 Pine Street 360 358 120 118 7.210%
56 River Run Apartments 360 355 120 115 6.980%
57 180 North Michigan Avenue 360 357 120 117 7.130%
58 Oak Hills Apartments 360 351 84 75 8.330%
59 145 Rosemary Street 300 299 120 119 6.960%
60 Holiday Inn - Youngstown, OH 300 298 120 118 7.530%
61 Tierra Verde Marine Center 300 296 120 116 7.330%
62 MCOM Building 240 236 240 236 7.480%
63 Mayport Trace Apartments 360 359 120 119 6.970%
64 Mercantile Bank Building 300 298 120 118 7.070%
65 Brook Forest Apartments 360 357 120 117 7.100%
66 Midfield Shopping Center 360 359 120 119 6.640%
67 Far East Plaza 300 299 180 179 6.850%
68 Highland Square Shopping Center 300 296 120 116 7.330%
69 Spanish Villa Apartments 300 299 300 299 7.000%
70 Green's Corner (3) 336 336 120 116 7.350%
71 Mountain Ridge Apartments 360 356 120 116 7.140%
72 Radisson Suites 180 179 180 179 6.810%
73 Holiday Campground 360 356 120 116 7.480%
<CAPTION>
First
Monthly Payment Maturity Prepayment Provision Defeasance
# Property Name (1) Payment Date Date ARD (8) as of Origination Option
--- ----------------- ------- ------- -------- ------- -------------------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
1 Chanin Building $526,739.98 10/1/98 6/1/22 9/1/08 L (9.5), O (0.5) Yes
2 250 South Clinton Street (1A) $115,789.92 12/1/98 11/1/08 L (9.5), O (0.5) Yes
3 Steelway North & South (1A) $ 77,752.65 12/1/98 11/1/08 L (9.5), O (0.5) Yes
4 1001 and 1011 AIP Drive (1A) $ 50,902.82 12/1/98 11/1/08 L (9.5), O (0.5) Yes
5 Northeast Industrial Building # 21 (1A) $ 36,918.53 12/1/98 11/1/08 L (9.5), O (0.5) Yes
6 507 Plum Street (1A) $ 36,359.15 12/1/98 11/1/08 L (9.5), O (0.5) Yes
7 3530 East Pike (1A) $ 32,163.87 12/1/98 11/1/08 L (9.5), O (0.5) Yes
8 Northeast Industrial Building # 8 (1A) $ 30,206.07 12/1/98 11/1/08 L (9.5), O (0.5) Yes
9 Northeast Industrial Building #22 (1A) $ 25,731.09 12/1/98 11/1/08 L (9.5), O (0.5) Yes
10 4, 5 & 8 Marway Circle (1A) $ 24,752.19 12/1/98 11/1/08 L (9.5), O (0.5) Yes
11 16725 Square Drive (1A) $ 15,662.40 12/1/98 11/1/08 L (9.5), O (0.5) Yes
12 One Clinton Square (1A) $ 11,746.80 12/1/98 11/1/08 L (9.5), O (0.5) Yes
13 The Hughes Center at Rancho Niguel (1B) $147,499.71 12/1/98 11/1/08 L (9.5), O (0.5) Yes
14 The Edwards Center at Rancho Niguel (1B) $ 36,554.28 12/1/98 11/1/08 L (9.5), O (0.5) Yes
15 Rivertree Court Shopping Center (1C) $106,108.33 12/1/98 11/1/08 L (9.5), O (0.5) Yes
16 Woodland Heights Shopping Center (1C) $ 18,083.33 12/1/98 11/1/08 L (9.5), O (0.5) Yes
17 Winnetka Commons Shopping Center (1C) $ 13,854.17 12/1/98 11/1/08 L (9.5), O (0.5) Yes
18 Berwyn Plaza Shopping Center (1C) $ 4,316.67 12/1/98 11/1/08 L (9.5), O (0.5) Yes
19 Walgreen's Store (1C) $ 3,470.83 12/1/98 11/1/08 L (9.5), O (0.5) Yes
20 Heritage Point $179,103.06 12/1/98 11/1/08 L (9.5), O (0.5) Yes
21 Best Western Inn of Chicago $176,558.50 10/1/98 9/1/18 9/01/08 L (9.5), O (0.5) Yes
22 Christiana Hilton Inn - Newark, DE $151,683.33 11/1/98 10/1/23 10/1/08 L (9.5), O (0.5) Yes
23 Embassy Crossing Shopping Center (2) $137,109.41 9/1/98 8/1/08 L (9.5), O (0.5) Yes
24 Jefferson at Treetops $127,907.92 9/1/98 8/1/08 L (9.5), O (0.5) Yes
25 Dominion Tower & Parking Garage $136,251.07 8/1/98 7/1/08 L (9.5), O (0.5) Yes
26 Holiday Inn Hurstborne $135,392.43 8/1/98 7/1/23 7/1/08 L (9.5), O (0.5) Yes
27 Blue Ash Portfolio (1D) $ 72,257.78 10/1/98 9/1/08 L (9.5), O (0.5) Yes
28 Springdale Office Center (1D) $ 25,105.90 10/1/98 9/1/08 L (9.5), O (0.5) Yes
29 Executive Center East (1D) $ 7,466.44 10/1/98 9/1/08 L (9.5), O (0.5) Yes
30 McDonald's (1D) $ 1,833.28 10/1/98 9/1/08 L (9.5), O (0.5) Yes
31 11 Park Place $ 99,493.34 8/1/98 7/1/08 L (9.5), O (0.5) Yes
32 Twin Creeks Apartments $ 83,617.02 8/1/98 7/1/08 L (9.5), O (0.5) Yes
33 Storage Box / Stowaway Storage (1E) $ 44,604.31 9/1/98 8/1/08 L (9.5), O (0.5) Yes
34 Maplewood MHP (1E) $ 38,423.19 9/1/98 8/1/08 L (9.5), O (0.5) Yes
35 Corporate Office Park I and II $ 79,864.12 3/1/98 2/1/08 L (10) Yes
36 Knights Bridge II Apartments $ 63,877.97 8/1/98 7/1/08 L (5), YM 1% (4.5), O (0.5) No
37 Preston Stonebrook Center $ 56,605.70 11/1/98 10/1/08 L (9.5), O (0.5) Yes
38 Run in Foods DP #4 (1F) $ 22,631.09 6/1/98 5/1/08 L (9.42), O (0.58) Yes
39 Run in Foods Unit DP#7 (1F) $ 21,110.18 6/1/98 5/1/08 L (9.42), O (0.58) Yes
40 Run in Foods #401 (1F) $ 7,665.37 6/1/98 5/1/08 L (9.42), O (0.58) Yes
41 Run in Foods #406 (1F) $ 7,471.34 6/1/98 5/1/08 L (9.42), O (0.58) Yes
42 Run in Foods #402 (1F) $ 6,796.28 6/1/98 5/1/08 L (9.42), O (0.58) Yes
43 Run in Foods #403 (1F) $ 5,492.65 6/1/98 5/1/08 L (9.42), O (0.58) Yes
44 Run in Foods #404 (1F) $ 3,857.45 6/1/98 5/1/08 L (9.42), O (0.58) Yes
45 Run in Foods Unit #410 (1F) $ 586.42 6/1/98 5/1/08 L (9.42), O (0.58) Yes
46 Super 8-Midtown (1G) $ 44,967.34 11/1/98 10/1/18 L (19.5), O (0.5) Yes
47 Super 8-East (1G) $ 12,404.78 11/1/98 10/1/18 L (19.5), O (0.5) Yes
48 Super 8-West (1G) $ 9,303.59 11/1/98 10/1/18 L (19.5), O (0.5) Yes
49 Wellington Woods & Lakes $ 54,444.71 7/1/98 6/1/08 L (5), YM 1% (4.42), O (0.58) No
50 Hampton Inn - Indianapolis, IN $ 58,549.49 8/1/98 7/1/23 7/1/08 L (9.5), O (0.5) Yes
51 Chidlaw Building $ 54,086.60 9/1/98 8/1/08 L (9.5), O (0.5) Yes
52 Mahwah Business Park $ 57,670.02 9/1/98 8/1/08 L (9.5), O (0.5) Yes
53 Grandview Garden Apartments $ 51,145.23 10/1/98 9/1/13 L (14.5), O (0.5) Yes
54 Cornerstone Office Building $ 49,144.44 12/1/98 11/1/08 L (9.5), O (0.5) Yes
55 160 Pine Street $ 50,959.90 10/1/98 9/1/08 L (9.5), O (0.5) Yes
56 River Run Apartments $ 49,796.99 7/1/98 6/1/08 L (5), YM 1% (4.42), O (0.58) No
57 180 North Michigan Avenue $ 49,206.09 9/1/98 8/1/08 L (9.5), O (0.5) Yes
58 Oak Hills Apartments $ 54,799.42 3/1/98 2/1/05 L (2), YM 1% (3), O (2) No
59 145 Rosemary Street $ 49,296.07 11/1/98 10/1/08 L (9.5), O (0.5) Yes
60 Holiday Inn - Youngstown, OH $ 51,866.06 10/1/98 9/1/23 9/1/08 L (9.5), O (0.5) Yes
61 Tierra Verde Marine Center $ 50,229.86 8/1/98 7/1/23 7/1/08 L (9.5), O (0.5) Yes
62 MCOM Building $ 55,501.58 8/1/98 7/1/18 L (19.5), O (0.5) Yes
63 Mayport Trace Apartments $ 45,103.65 11/1/98 10/1/08 L (9.5), O (0.5) Yes
64 Mercantile Bank Building $ 48,365.07 10/1/98 9/1/08 L (9.5), O (0.5) Yes
65 Brook Forest Apartments $ 44,354.11 9/1/98 8/1/08 L (9.5), O (0.5) Yes
66 Midfield Shopping Center $ 41,684.70 11/1/98 10/1/08 L (9.5), O (0.5) Yes
67 Far East Plaza $ 45,320.55 11/1/98 10/1/13 L (14.5), O (0.5) Yes
68 Highland Square Shopping Center $ 46,226.03 8/1/98 7/1/08 L (9.5), O (0.5) Yes
69 Spanish Villa Apartments $ 44,527.09 11/1/98 10/1/23 L (24.5), O (0.5) Yes
70 Green's Corner (3) $ 43,856.09 8/1/98 7/1/08 L (9.5), O (0.5) Yes
71 Mountain Ridge Apartments $ 41,833.34 8/1/98 7/1/08 L (9.5), O (0.5) Yes
72 Radisson Suites $ 53,738.48 11/1/98 10/1/13 L (14.5), O (0.5) Yes
73 Holiday Campground $ 41,870.73 8/1/98 7/1/08 L (9.5), O (0.5) Yes
</TABLE>
<PAGE>
Characteristics of the Mortgage Loans
<TABLE>
<CAPTION>
Original Percentage of
Principal Cut-off Date Initial
# Property Name (1) Balance Balance (6) Pool Balance
- - --- ----------------- ----------- ------------ -------------
<S> <C> <C> <C> <C>
74 Plantation Meadows Apartments $5,850,000 $5,837,336 0.5%
75 Gresham Townhomes $5,650,000 $5,629,230 0.5%
76 Lakewood Apartments $5,600,000 $5,588,639 0.5%
77 Super 8 - Las Vegas, NV $5,400,000 $5,390,684 0.5%
78 Imperial Plaza Shopping Center $5,400,000 $5,380,784 0.5%
79 Thunder Hollow $5,400,000 $5,380,687 0.5%
80 K-Mart $5,250,000 $5,238,817 0.5%
81 Woodlake Village Apartments $5,240,000 $5,236,378 0.5%
82 Trabuco Marketplace $5,200,000 $5,196,301 0.5%
83 Indian Valley Apartments $5,200,000 $5,189,086 0.5%
84 Flamingo West Center $5,200,000 $5,188,393 0.5%
85 Mill Creek Shopping Center $5,200,000 $5,165,612 0.4%
86 High Vista Apartments $5,100,000 $5,092,624 0.4%
87 Woodland Office Center $5,100,000 $5,087,820 0.4%
88 Bayfair Apartments $5,100,000 $5,082,663 0.4%
89 University Green Apartments $5,000,000 $4,996,623 0.4%
90 El Dorado Mobile Home Estates $5,000,000 $4,991,969 0.4%
91 Holiday Inn - Danbury, CT $5,000,000 $4,984,919 0.4%
92 Country Inn & Suites Hotel $5,000,000 $4,984,909 0.4%
93 Center Ridge Apartments $4,816,000 $4,799,545 0.4%
94 Marriott Commerce Building $4,800,000 $4,790,154 0.4%
95 Silicon Valley Inn & Suites $4,700,000 $4,700,000 0.4%
96 Best Western - Sunnyvale $4,600,000 $4,600,000 0.4%
97 Golden Valley Commons $4,550,000 $4,547,181 0.4%
98 West Park Place $4,500,000 $4,489,389 0.4%
99 Naperville Office Court $4,500,000 $4,488,189 0.4%
100 Holiday Inn Express - Mountain View, CA $4,400,000 $4,392,849 0.4%
101 Best Buy / Drug Emporium $4,230,000 $4,216,592 0.4%
102 Medical Arts Building $4,150,000 $4,139,984 0.4%
103 Comfort Inn - Sunnyvale $4,100,000 $4,100,000 0.4%
104 Holiday Inn Denver North/Coliseum $4,100,000 $4,084,378 0.4%
105 Windlands Shopping Center (4) $3,900,000 $3,900,000 0.3%
106 Northborough Woods Apartments $3,900,000 $3,883,525 0.3%
107 Victory Townhomes $3,850,000 $3,836,265 0.3%
108 Madison Building $3,850,000 $3,833,812 0.3%
109 Dairy Plaza Shopping Center $3,760,000 $3,747,799 0.3%
110 Comfort Inn - Concord, NH $3,750,000 $3,746,083 0.3%
111 Peconic Plaza $3,675,000 $3,666,948 0.3%
112 Bayou Village Apartments $3,600,000 $3,597,742 0.3%
113 Country Suites - Chattanooga, TN $3,550,000 $3,546,549 0.3%
114 Southlake Plaza II $3,540,000 $3,528,242 0.3%
115 531 West Deming $3,500,000 $3,497,657 0.3%
116 Camelot Apartments $3,500,000 $3,490,586 0.3%
117 Sevilla Apartments $3,500,000 $3,487,608 0.3%
118 The Way III Apartments $3,500,000 $3,484,655 0.3%
119 Glenview Office and Industrial Park $3,460,000 $3,457,677 0.3%
120 Hampton Inn - Decatur, AL $3,450,000 $3,439,587 0.3%
121 Mission Industrial Park (1H) $1,850,000 $1,850,000 0.2%
122 Jurupa Business Park (1H) $1,545,000 $1,544,089 0.1%
123 Colony Square Shopping Center $3,400,000 $3,392,578 0.3%
124 Vintage Business Park $3,400,000 $3,385,589 0.3%
125 Bruno's Shopping Center $3,300,000 $3,248,912 0.3%
126 Crossroads Shopping Center $3,225,000 $3,207,299 0.3%
127 High Country Plaza $3,200,000 $3,200,000 0.3%
128 Marina Del Rey Industrial $3,200,000 $3,197,975 0.3%
129 St. Charles Apartments (1I) $1,595,000 $1,592,143 0.1%
130 St. James Apartments (1I) $1,595,000 $1,592,143 0.1%
131 Plaza at Sunrise $3,050,000 $3,040,218 0.3%
132 Shannon Arms III Apartments $3,050,000 $3,039,283 0.3%
133 River Valley Square Shopping Center $2,975,000 $2,967,341 0.3%
134 Rio Commercial Center $2,962,500 $2,955,802 0.3%
135 Alexis Apartments $2,950,000 $2,942,363 0.3%
136 Beltway Plaza 4710 $2,925,000 $2,920,810 0.3%
137 Casa Linda MHP $2,880,000 $2,878,333 0.3%
138 Mesa Ridge Apartments $2,850,000 $2,847,193 0.2%
139 Vintage Business Park II $2,850,000 $2,846,607 0.2%
140 Mountain Village Shopping Center $2,850,000 $2,837,774 0.2%
141 Rock River Tower Apartments $2,800,000 $2,797,911 0.2%
142 Durango Plaza Retail Center $2,800,000 $2,797,218 0.2%
143 Beatrice Avenue Industrial $2,750,000 $2,744,064 0.2%
144 Miller Apartments $2,715,000 $2,715,000 0.2%
145 University Square Outlet Mall $2,700,000 $2,700,000 0.2%
146 Ridgewood Plaza Shopping Center $2,700,000 $2,694,537 0.2%
147 Chase Village Apartments $2,700,000 $2,693,221 0.2%
<CAPTION>
Original Remaining Original Remaining
Amortization Amortization Term to Term to
Term Term Maturity Maturity Mortgage
# Property Name (1) (months) (months) (months)(7) (months)(7) Rate
--- ----------------- ------------ ------------ ----------- ----------- --------
<S> <C> <C> <C> <C> <C> <C>
74 Plantation Meadows Apartments 360 357 120 117 6.850%
75 Gresham Townhomes 360 355 120 115 6.870%
76 Lakewood Apartments 360 357 120 117 7.100%
77 Super 8 - Las Vegas, NV 240 239 240 239 7.000%
78 Imperial Plaza Shopping Center 360 355 120 115 7.000%
79 Thunder Hollow 360 355 120 115 6.980%
80 K-Mart 216 215 216 215 6.990%
81 Woodlake Village Apartments 360 359 120 119 6.660%
82 Trabuco Marketplace 360 359 180 179 6.560%
83 Indian Valley Apartments 360 357 120 117 6.970%
84 Flamingo West Center 300 298 120 118 7.120%
85 Mill Creek Shopping Center 240 236 240 236 7.550%
86 High Vista Apartments 360 358 120 118 7.010%
87 Woodland Office Center 300 298 120 118 6.750%
88 Bayfair Apartments 360 355 120 115 7.180%
89 University Green Apartments 360 359 120 119 6.740%
90 El Dorado Mobile Home Estates 360 358 120 118 6.570%
91 Holiday Inn - Danbury, CT 300 297 120 117 7.510%
92 Country Inn & Suites Hotel 180 179 180 179 6.810%
93 Center Ridge Apartments 360 355 120 115 7.160%
94 Marriott Commerce Building 228 227 144 143 6.500%
95 Silicon Valley Inn & Suites 300 300 120 120 7.340%
96 Best Western - Sunnyvale 300 300 120 120 7.460%
97 Golden Valley Commons 360 359 180 179 7.030%
98 West Park Place 300 298 120 118 6.820%
99 Naperville Office Court 360 356 120 116 7.130%
100 Holiday Inn Express - Mountain View, CA 240 239 240 239 7.390%
101 Best Buy / Drug Emporium 300 297 120 117 7.260%
102 Medical Arts Building 360 356 60 56 7.430%
103 Comfort Inn - Sunnyvale 300 300 120 120 7.460%
104 Holiday Inn Denver North/Coliseum 300 296 120 116 7.700%
105 Windlands Shopping Center (4) 336 336 120 116 7.260%
106 Northborough Woods Apartments 360 354 120 114 6.980%
107 Victory Townhomes 360 355 120 115 6.990%
108 Madison Building 300 296 120 116 7.220%
109 Dairy Plaza Shopping Center 300 297 120 117 7.140%
110 Comfort Inn - Concord, NH 300 299 120 119 6.980%
111 Peconic Plaza 300 298 120 118 7.220%
112 Bayou Village Apartments 360 359 120 119 6.990%
113 Country Suites - Chattanooga, TN 300 299 120 119 7.310%
114 Southlake Plaza II 360 355 120 115 7.270%
115 531 West Deming 360 359 120 119 6.770%
116 Camelot Apartments 360 356 120 116 7.040%
117 Sevilla Apartments 360 355 120 115 7.020%
118 The Way III Apartments 300 296 180 176 7.010%
119 Glenview Office and Industrial Park 360 359 120 119 6.760%
120 Hampton Inn - Decatur, AL 180 179 180 179 6.810%
121 Mission Industrial Park (1H) 300 300 120 120 6.750%
122 Jurupa Business Park (1H) 360 359 120 119 7.190%
123 Colony Square Shopping Center 300 298 120 118 7.240%
124 Vintage Business Park 300 296 120 116 7.180%
125 Bruno's Shopping Center 264 253 180 169 7.680%
126 Crossroads Shopping Center 300 295 180 175 7.160%
127 High Country Plaza 360 360 120 120 6.890%
128 Marina Del Rey Industrial 360 359 120 119 6.960%
129 St. Charles Apartments (1I) 240 239 120 119 6.750%
130 St. James Apartments (1I) 240 239 120 119 6.750%
131 Plaza at Sunrise 300 297 120 117 7.200%
132 Shannon Arms III Apartments 360 355 120 115 7.050%
133 River Valley Square Shopping Center 360 356 120 116 7.200%
134 Rio Commercial Center 300 298 120 118 7.050%
135 Alexis Apartments 360 356 180 176 7.180%
136 Beltway Plaza 4710 360 358 120 118 7.050%
137 Casa Linda MHP 360 359 120 119 7.250%
138 Mesa Ridge Apartments 300 299 120 119 7.250%
139 Vintage Business Park II 300 299 120 119 6.350%
140 Mountain Village Shopping Center 300 296 120 116 7.120%
141 Rock River Tower Apartments 360 359 120 119 6.390%
142 Durango Plaza Retail Center 300 299 120 119 7.210%
143 Beatrice Avenue Industrial 300 298 120 118 7.300%
144 Miller Apartments 360 360 120 120 7.000%
145 University Square Outlet Mall 300 300 120 120 6.850%
146 Ridgewood Plaza Shopping Center 360 357 120 117 7.110%
147 Chase Village Apartments 360 356 120 116 7.290%
<CAPTION>
First
Monthly Payment Maturity Prepayment Provision Defeasance
# Property Name (1) Payment Date Date ARD (8) as of Origination Option
--- ----------------- ------- ------- -------- ------- -------------------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
74 Plantation Meadows Apartments $38,332.66 9/1/98 8/1/08 L (9.5), O (0.5) Yes
75 Gresham Townhomes $37,097.60 7/1/98 6/1/08 L (9.5), O (0.5) Yes
76 Lakewood Apartments $37,633.79 9/1/98 8/1/08 L (9.5), O (0.5) Yes
77 Super 8 - Las Vegas, NV $41,866.14 11/1/98 10/1/18 L (19.5), O (0.5) Yes
78 Imperial Plaza Shopping Center $35,926.33 7/1/98 6/1/08 L (3), YM 1% (6.5), O (0.5) No
79 Thunder Hollow $35,853.83 7/1/98 6/1/08 L (5), YM 1% (4.42), O (0.58) No
80 K-Mart $42,783.20 11/1/98 10/1/16 L (17.5), O (0.5) Yes
81 Woodlake Village Apartments $33,673.65 11/1/98 10/1/08 L (9.5), O (0.5) Yes
82 Trabuco Marketplace $33,072.99 11/1/98 10/1/08 L (14.5), O (0.5) Yes
83 Indian Valley Apartments $34,491.02 9/1/98 8/1/08 L (9.5), O (0.5) Yes
84 Flamingo West Center $37,151.54 10/1/98 9/1/08 L (9.5), O (0.5) Yes
85 Mill Creek Shopping Center $42,049.97 8/1/98 7/1/18 L (19.5), O (0.5) Yes
86 High Vista Apartments $33,964.69 10/1/98 9/1/08 L (9.5), O (0.5) Yes
87 Woodland Office Center $35,236.49 10/1/98 9/1/23 9/1/08 L (9.5), O (0.5) Yes
88 Bayfair Apartments $34,549.18 7/1/98 6/1/08 L (9.5), O (0.5) Yes
89 University Green Apartments $32,396.68 11/1/98 10/1/08 L (9.5), O (0.5) Yes
90 El Dorado Mobile Home Estates $31,833.93 10/1/98 9/1/08 L (9.5), O (0.5) Yes
91 Holiday Inn - Danbury, CT $36,982.09 9/1/98 8/1/23 8/1/08 L (9.5), O (0.5) Yes
92 Country Inn & Suites Hotel $44,411.97 11/1/98 10/1/13 L (14.5), O (0.5) Yes
93 Center Ridge Apartments $32,560.13 7/1/98 6/1/08 L (9.5), O (0.5) Yes
94 Marriott Commerce Building $36,713.09 11/1/98 10/1/10 L (11.5), O (0.5) Yes
95 Silicon Valley Inn & Suites $34,244.92 12/1/98 11/1/08 L (9.5), O (0.5) Yes
96 Best Western - Sunnyvale $33,874.00 12/1/98 11/1/08 L (9.5), O (0.5) Yes
97 Golden Valley Commons $30,362.99 11/1/98 10/1/13 L (14.5), O (0.5) Yes
98 West Park Place $31,290.22 10/1/98 9/1/08 L (9.5), O (0.5) Yes
99 Naperville Office Court $30,332.52 8/1/98 7/1/08 L (9.5), O (0.5) Yes
100 Holiday Inn Express - Mountain View, CA $35,150.74 11/1/98 10/1/18 L (19.5), O (0.5) Yes
101 Best Buy / Drug Emporium $30,601.99 9/1/98 8/1/08 L (9.5), O (0.5) Yes
102 Medical Arts Building $28,818.74 8/1/98 7/1/03 L (4.5), O (0.5) Yes
103 Comfort Inn - Sunnyvale $30,192.04 12/1/98 11/1/08 L (9.5), O (0.5) Yes
104 Holiday Inn Denver North/Coliseum $30,834.02 8/1/98 7/1/23 7/1/08 L (9.5), O (0.5) Yes
105 Windlands Shopping Center (4) $27,176.07 8/1/98 7/1/08 L (9.5), O (0.5) Yes
106 Northborough Woods Apartments $25,894.43 6/1/98 5/1/08 L (9.5), O (0.5) Yes
107 Victory Townhomes $25,588.29 7/1/98 6/1/08 L (9.5), O (0.5) Yes
108 Madison Building $27,753.70 8/1/98 7/1/08 L (9.5), O (0.5) Yes
109 Dairy Plaza Shopping Center $26,911.64 9/1/98 8/1/08 L (9.5), O (0.5) Yes
110 Comfort Inn - Concord, NH $26,456.39 11/1/98 10/1/08 L (9.5), O (0.5) Yes
111 Peconic Plaza $26,492.16 10/1/98 9/1/08 L (9.5), O (0.5) Yes
112 Bayou Village Apartments $23,926.72 11/1/98 10/1/08 L (9.5), O (0.5) Yes
113 Country Suites - Chattanooga, TN $25,797.03 1/1/98 10/1/08 L (9.5), O (0.5) Yes
114 Southlake Plaza II $24,197.08 7/1/98 6/1/08 L (9.5), O (0.5) Yes
115 531 West Deming $22,747.48 11/1/98 10/1/08 L (9.5), O (0.5) Yes
116 Camelot Apartments $23,379.69 8/1/98 7/1/08 L (9.5), O (0.5) Yes
117 Sevilla Apartments $23,332.62 7/1/98 6/1/08 L (9.5), O (0.5) Yes
118 The Way III Apartments $24,759.60 8/1/98 7/1/13 L (14.5), O (0.5) Yes
119 Glenview Office and Industrial Park $22,464.50 11/1/98 10/1/08 L (9.5), O (0.5) Yes
120 Hampton Inn - Decatur, AL $30,644.26 11/1/98 10/1/13 L (14.5), O (0.5) Yes
121 Mission Industrial Park (1H) $12,781.86 12/1/98 11/1/08 L (9.5), O (0.5) Yes
122 Jurupa Business Park (1H) $10,476.82 11/1/98 9/1/08 L (9.5), O (0.5) Yes
123 Colony Square Shopping Center $24,553.53 10/1/98 9/1/08 L (9.5), O (0.5) Yes
124 Vintage Business Park $24,422.31 8/1/98 7/1/08 L (9.5), O (0.5) Yes
125 Bruno's Shopping Center $25,932.88 1/1/98 12/1/12 L (14.5), O (0.5) Yes
126 Crossroads Shopping Center $23,123.85 7/1/98 6/1/13 L (14.5), O (0.5) Yes
127 High Country Plaza $21,053.80 12/1/98 11/1/08 L (9.5), O (0.5) Yes
128 Marina Del Rey Industrial $21,203.78 11/1/98 10/1/08 L (9.5), O (0.5) Yes
129 St. Charles Apartments (1I) $12,127.81 11/1/98 10/1/08 L (9.5), O (0.5) Yes
130 St. James Apartments (1I) $12,127.81 11/1/98 10/1/08 L (9.5), O (0.5) Yes
131 Plaza at Sunrise $21,947.46 9/1/98 8/1/08 L (9.5), O (0.5) Yes
132 Shannon Arms III Apartments $20,394.25 7/1/98 6/1/08 L (9.5), O (0.5) Yes
133 River Valley Square Shopping Center $20,193.95 8/1/98 7/1/08 L (9.5), O (0.5) Yes
134 Rio Commercial Center $21,032.92 10/1/98 9/1/08 L (9.5), O (0.5) Yes
135 Alexis Apartments $19,984.33 8/1/98 7/1/13 L (14.5), O (0.5) Yes
136 Beltway Plaza 4710 $19,558.42 10/1/98 9/1/08 L (9.5), O (0.5) Yes
137 Casa Linda MHP $19,646.68 11/1/98 10/1/08 L (9.5), O (0.5) Yes
138 Mesa Ridge Apartments $20,600.00 11/1/98 10/1/08 L (9.5), O (0.5) Yes
139 Vintage Business Park II $18,977.13 11/1/98 10/1/08 L (9.5), O (0.5) Yes
140 Mountain Village Shopping Center $20,361.90 18/1/98 7/1/08 L (9.5), O (0.5) Yes
141 Rock River Tower Apartments $17,495.84 11/1/98 10/1/08 L (9.5), O (0.5) Yes
142 Durango Plaza Retail Center $20,166.49 11/1/98 10/1/08 L (9.5), O (0.5) Yes
143 Beatrice Avenue Industrial $19,965.86 10/1/98 9/1/08 L (9.5), O (0.5) Yes
144 Miller Apartments $18,062.96 12/1/98 11/1/08 L (9.5), O (0.5) Yes
145 University Square Outlet Mall $18,825.46 12/1/98 11/1/08 L (9.5), O (0.5) Yes
146 Ridgewood Plaza Shopping Center $18,163.07 9/1/98 8/1/08 L (9.5), O (0.5) Yes
147 Chase Village Apartments $18,492.07 8/1/98 7/1/08 L (9.5), O (0.5) Yes
</TABLE>
<PAGE>
Characteristics of the Mortgage Loans
<TABLE>
<CAPTION>
Original Percentage of
Principal Cut-off Date Initial
# Property Name (1) Balance Balance (6) Pool Balance
- - --- ----------------- ----------- ------------ -------------
<S> <C> <C> <C> <C>
148 Warsaw Village $2,650,000 $2,650,000 0.2%
149 Provident Place Office Building $2,650,000 $2,648,246 0.2%
150 920 Waukegan Road $2,650,000 $2,646,800 0.2%
151 Amberley Suites $2,650,000 $2,642,002 0.2%
152 Rite Aid - Kennebunk (5) $2,625,000 $2,611,175 0.2%
153 Stuart Towne Apartments $2,600,000 $2,583,051 0.2%
154 Santa Ana Villas $2,550,000 $2,548,252 0.2%
155 Orland Park Outlots $2,500,000 $2,491,804 0.2%
156 Brazos Square Shopping Center $2,500,000 $2,491,584 0.2%
157 Community Mall $2,500,000 $2,478,260 0.2%
158 Comfort Inn - Fife, WA $2,450,000 $2,447,718 0.2%
159 Aspen Business Park $2,425,000 $2,423,534 0.2%
160 Hampton Inn - Ft. Pierce, FL $2,400,000 $2,400,000 0.2%
161 Oak Tree Mobile Home Park $2,400,000 $2,397,307 0.2%
162 Walnut Square Apartments $2,400,000 $2,393,062 0.2%
163 Royal Oaks Mobile Home Park $2,350,000 $2,350,000 0.2%
164 Plymouth Square Apartments $2,340,000 $2,332,436 0.2%
165 Watchung View Apartments $2,310,000 $2,306,707 0.2%
166 Embassy Apartments $2,270,000 $2,268,226 0.2%
167 Best Buy - West Dundee $2,250,000 $2,246,808 0.2%
168 1400 Destrehan Avenue $2,225,000 $2,222,457 0.2%
169 Breckenridge Apartments $2,130,000 $2,128,561 0.2%
170 Rosemont Terrace Apartments $2,130,000 $2,124,161 0.2%
171 Days Inn - Dover, DE $2,100,000 $2,100,000 0.2%
172 Iberia Center $2,100,000 $2,098,687 0.2%
173 Shadydale Village Mobile Home Park $2,100,000 $2,097,867 0.2%
174 Park Terrace Shopping Center $2,100,000 $2,096,881 0.2%
175 Hanover Village Apartments $2,100,000 $2,095,638 0.2%
176 Harlem Furniture $2,100,000 $2,092,547 0.2%
177 Travelodge Sea - Tac $2,100,000 $2,092,215 0.2%
178 Tree Tops Apartments $2,100,000 $2,086,622 0.2%
179 Old Town Place Apartments $2,080,000 $2,077,219 0.2%
180 The Meadows Apartments $2,065,000 $2,059,340 0.2%
181 Chapman & Feldner Shopping Center $2,000,000 $1,998,030 0.2%
182 BCH Office Building $2,000,000 $1,995,428 0.2%
183 Colonial Pines MHP $2,000,000 $1,994,459 0.2%
184 NationsBank Professional Center $1,950,000 $1,948,713 0.2%
185 Belmeade Office Warehouse $1,950,000 $1,948,007 0.2%
186 Central Building $1,925,000 $1,925,000 0.2%
187 710 Amsterdam Avenue $1,915,000 $1,913,729 0.2%
188 Sandstone Apartments & $1,900,000 $1,898,583 0.2%
Vista Norte Apartments
189 Highland Park Place II Shopping Center $1,850,000 $1,847,924 0.2%
190 Salem Creek Apartments $1,850,000 $1,845,264 0.2%
191 Country Greens Apartments $1,850,000 $1,842,048 0.2%
192 Quail Ridge Apartments $1,840,000 $1,836,078 0.2%
193 Harold Gilstrap Shopping Center $1,800,000 $1,795,862 0.2%
194 Sahara West Plaza $1,800,000 $1,795,569 0.2%
195 Walgreens at Mission & 23rd Street $1,800,000 $1,795,129 0.2%
196 Comfort Inn - Bangor, ME $1,800,000 $1,794,668 0.2%
197 Econolodge - Bangor, ME $1,800,000 $1,794,668 0.2%
198 Point Clinton $1,800,000 $1,793,767 0.2%
199 Rite Aid - North Conway $1,760,000 $1,750,426 0.2%
200 Ravenscroft Apartments $1,750,000 $1,747,170 0.2%
201 Coach Country Corral MHP $1,750,000 $1,742,597 0.2%
202 Taft and Cleveland Paradise Apartments $1,750,000 $1,740,684 0.2%
203 Kerr Station Village $1,700,000 $1,700,000 0.1%
204 700 1/2-708 Steamboat Road $1,700,000 $1,700,000 0.1%
205 Tyrone Village MHP $1,700,000 $1,700,000 0.1%
206 Meadow Run Apartments $1,700,000 $1,694,251 0.1%
207 45 Church Street $1,700,000 $1,693,178 0.1%
208 New Brunswick Apartments $1,675,000 $1,672,612 0.1%
209 Fiesta RV Resort $1,650,000 $1,648,403 0.1%
210 Cedar Place Office Park $1,650,000 $1,647,619 0.1%
211 Oak Hollow Mobile Home Park $1,650,000 $1,646,165 0.1%
212 Centerline Plaza Apartments $1,645,000 $1,641,475 0.1%
213 Gottschalk's Department Store $1,610,000 $1,610,000 0.1%
214 Southport Place $1,600,000 $1,600,000 0.1%
215 Bell Building $1,600,000 $1,598,114 0.1%
216 Days Inn - Bangor, ME $1,600,000 $1,596,699 0.1%
217 Stratford Shopping Center $1,600,000 $1,594,809 0.1%
218 Country Aire Manor $1,600,000 $1,594,519 0.1%
219 Corlett Creek Apartments $1,580,000 $1,576,192 0.1%
220 Anchor Bay Apartments $1,560,000 $1,556,657 0.1%
221 Tall Pines Shopping Center $1,550,000 $1,535,181 0.1%
<CAPTION>
Original Remaining Original Remaining
Amortization Amortization Term to Term to
Term Term Maturity Maturity Mortgage
# Property Name (1) (months) (months) (months)(7) (months)(7) Rate
--- ----------------- ------------ ------------ ----------- ----------- -------
<S> <C> <C> <C> <C> <C> <C>
148 Warsaw Village 300 300 120 120 6.500%
149 Provident Place Office Building 360 359 120 119 6.810%
150 920 Waukegan Road 300 299 120 119 6.280%
151 Amberley Suites 180 179 180 179 6.810%
152 Rite Aid - Kennebunk (5) 244 239 240 235 7.080%
153 Stuart Towne Apartments 252 248 120 116 6.960%
154 Santa Ana Villas 360 359 120 119 6.690%
155 Orland Park Outlots 360 355 120 115 7.320%
156 Brazos Square Shopping Center 300 297 120 117 6.950%
157 Community Mall 144 142 144 142 7.060%
158 Comfort Inn - Fife, WA 300 299 120 119 7.500%
159 Aspen Business Park 360 359 120 119 7.110%
160 Hampton Inn - Ft. Pierce, FL 276 276 120 120 7.000%
161 Oak Tree Mobile Home Park 300 299 120 119 6.640%
162 Walnut Square Apartments 360 356 120 116 6.770%
163 Royal Oaks Mobile Home Park 360 360 120 120 6.375%
164 Plymouth Square Apartments 300 297 180 177 7.160%
165 Watchung View Apartments 360 358 180 178 7.070%
166 Embassy Apartments 360 359 120 119 6.220%
167 Best Buy - West Dundee 360 358 204 202 7.090%
168 1400 Destrehan Avenue 300 299 120 119 6.550%
169 Breckenridge Apartments 360 359 120 119 6.740%
170 Rosemont Terrace Apartments 360 356 120 116 6.970%
171 Days Inn - Dover, DE 300 300 120 120 7.430%
172 Iberia Center 360 359 120 119 7.000%
173 Shadydale Village Mobile Home Park 300 299 120 119 7.110%
174 Park Terrace Shopping Center 360 358 120 118 6.900%
175 Hanover Village Apartments 360 357 120 117 7.010%
176 Harlem Furniture 240 238 240 238 7.220%
177 Travelodge Sea - Tac 300 296 120 116 7.830%
178 Tree Tops Apartments 360 351 84 75 7.400%
179 Old Town Place Apartments 360 358 120 118 7.330%
180 The Meadows Apartments 360 356 120 116 6.970%
181 Chapman & Feldner Shopping Center 300 299 120 119 7.250%
182 BCH Office Building 300 298 120 118 6.990%
183 Colonial Pines MHP 360 356 120 116 6.930%
184 NationsBank Professional Center 360 359 120 119 6.820%
185 Belmeade Office Warehouse 300 299 120 119 7.080%
186 Central Building 240 240 120 120 7.500%
187 710 Amsterdam Avenue 360 359 120 119 6.800%
188 Sandstone Apartments & 360 359 120 119 6.390%
Vista Norte Apartments
189 Highland Park Place II Shopping Center 300 299 120 119 6.640%
190 Salem Creek Apartments 360 356 120 116 7.220%
191 Country Greens Apartments 300 296 180 176 7.110%
192 Quail Ridge Apartments 360 357 120 117 6.910%
193 Harold Gilstrap Shopping Center 300 298 120 118 6.960%
194 Sahara West Plaza 360 356 120 116 7.360%
195 Walgreens at Mission & 23rd Street 276 274 240 238 7.090%
196 Comfort Inn - Bangor, ME 300 297 120 117 7.600%
197 Econolodge - Bangor, ME 300 297 120 117 7.600%
198 Point Clinton 240 238 120 118 7.400%
199 Rite Aid - North Conway 240 237 240 237 6.950%
200 Ravenscroft Apartments 360 358 120 118 6.540%
201 Coach Country Corral MHP 300 296 120 116 7.190%
202 Taft and Cleveland Paradise Apartments 300 295 180 175 7.320%
203 Kerr Station Village 300 300 120 120 6.850%
204 700 1/2-708 Steamboat Road 300 300 120 120 7.250%
205 Tyrone Village MHP 360 360 120 120 7.000%
206 Meadow Run Apartments 360 355 120 115 7.200%
207 45 Church Street 300 296 120 116 7.450%
208 New Brunswick Apartments 360 358 180 178 7.070%
209 Fiesta RV Resort 300 299 120 119 7.330%
210 Cedar Place Office Park 360 358 120 118 7.020%
211 Oak Hollow Mobile Home Park 300 298 120 118 6.900%
212 Centerline Plaza Apartments 360 357 120 117 6.890%
213 Gottschalk's Department Store 300 300 120 120 7.500%
214 Southport Place 240 240 120 120 6.890%
215 Bell Building 300 299 132 131 6.400%
216 Days Inn - Bangor, ME 300 298 120 118 7.540%
217 Stratford Shopping Center 360 355 120 115 7.360%
218 Country Aire Manor 360 355 120 115 7.150%
219 Corlett Creek Apartments 300 298 120 118 6.700%
220 Anchor Bay Apartments 360 357 120 117 6.890%
221 Tall Pines Shopping Center 240 235 120 115 7.130%
<CAPTION>
First
Monthly Payment Maturity Prepayment Provision Defeasance
# Property Name (1) Payment Date Date ARD (8) as of Origination Option
--- ----------------- ------- ------- -------- ------- -------------------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
148 Warsaw Village $17,892.99 12/1/98 11/1/08 L (9.5), O (0.5) Yes
149 Provident Place Office Building $17,293.67 11/1/98 10/1/08 L (9.5), O (0.5) Yes
150 920 Waukegan Road $17,530.41 11/1/98 10/1/08 L (9.5), O (0.5) Yes
151 Amberley Suites $23,538.34 11/1/98 10/1/13 L (14.5), O (0.5) Yes
152 Rite Aid - Kennebunk (5) $18,528.39 7/1/98 6/1/18 L (19.5), O (0.5) Yes
153 Stuart Towne Apartments $19,657.07 8/1/98 7/1/08 L (9.5), O (0.5) Yes
154 Santa Ana Villas $16,437.68 11/1/98 10/1/08 L (9.5), O (0.5) Yes
155 Orland Park Outlots $17,173.27 7/1/98 6/1/08 L (9.5), O (0.5) Yes
156 Brazos Square Shopping Center $17,589.82 9/1/98 8/1/08 L (9.5), O (0.5) Yes
157 Community Mall $25,789.56 10/1/98 9/1/10 L (11.5), O (0.5) Yes
158 Comfort Inn - Fife, WA $18,105.28 11/1/98 10/1/08 L (9.5), O (0.5) Yes
159 Aspen Business Park $16,313.13 11/1/98 10/1/08 L (9.5), O (0.5) Yes
160 Hampton Inn - Ft. Pierce, FL $17,518.06 12/1/98 11/1/08 L (9.5), O (0.5) Yes
161 Oak Tree Mobile Home Park $16,415.55 11/1/98 10/1/08 L (9.5), O (0.5) Yes
162 Walnut Square Apartments $15,598.27 8/1/98 7/1/08 L (9.5), O (0.5) Yes
163 Royal Oaks Mobile Home Park $14,660.94 12/1/98 11/1/08 L (9.5), O (0.5) Yes
164 Plymouth Square Apartments $16,778.24 9/1/98 8/1/13 L (7), YM 1% (5), O (3) No
165 Watchung View Apartments $15,477.24 10/1/98 9/1/13 L (14.5), O (0.5) Yes
166 Embassy Apartments $13,932.52 11/1/98 10/1/08 L (9.5), O (0.5) Yes
167 Best Buy - West Dundee $15,105.55 10/1/98 9/1/15 L (16.5), O (0.5) Yes
168 1400 Destrehan Avenue $15,092.95 11/1/98 10/1/08 L (9.5), O (0.5) Yes
169 Breckenridge Apartments $13,800.98 11/1/98 10/1/08 L (9.5), O (0.5) Yes
170 Rosemont Terrace Apartments $14,128.05 8/1/98 7/1/08 L (5), YM 1% (4.5), O (0.5) No
171 Days Inn - Dover, DE $15,423.32 12/1/98 11/1/08 L (9.5), O (0.5) Yes
172 Iberia Center $13,971.35 11/1/98 10/1/08 L (9.5), O (0.5) Yes
173 Shadydale Village Mobile Home Park $14,990.05 11/1/98 10/1/08 L (9.5), O (0.5) Yes
174 Park Terrace Shopping Center $13,830.60 10/1/98 9/1/08 L (9.5), O (0.5) Yes
175 Hanover Village Apartments $13,985.46 9/1/98 8/1/08 L (9.5), O (0.5) Yes
176 Harlem Furniture $16,559.75 10/1/98 9/1/18 L (19.5), O (0.5) Yes
177 Travelodge Sea - Tac $15,972.36 8/1/98 7/1/08 L (9.5), O (0.5) Yes
178 Tree Tops Apartments $14,539.98 3/1/98 2/1/05 L (5), O (2) No
179 Old Town Place Apartments $14,302.31 10/1/98 9/1/08 L (9.5), O (0.5) Yes
180 The Meadows Apartments $13,696.92 8/1/98 7/1/08 L (5), YM 1% (4.5), O (0.5) No
181 Chapman & Feldner Shopping Center $14,456.14 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
182 BCH Office Building $14,122.83 10/1/98 9/1/08 L (9.5), O (0.5) Yes
183 Colonial Pines MHP $13,212.16 8/1/98 7/1/08 L (9.5), O (0.5) Yes
184 NationsBank Professional Center $12,738.53 11/1/98 10/1/08 L (9.5), O (0.5) Yes
185 Belmeade Office Warehouse $13,881.87 11/1/98 10/1/08 L (9.5), O (0.5) Yes
186 Central Building $15,507.67 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
187 710 Amsterdam Avenue $12,484.37 11/1/98 10/1/08 L (9.5), O (0.5) Yes
188 Sandstone Apartments & $11,872.17 11/1/98 10/1/08 L (9.5), O (0.5) Yes
Vista Norte Apartments
189 Highland Park Place II Shopping Center $12,653.65 11/1/98 10/1/08 L (9.5), O (0.5) Yes
190 Salem Creek Apartments $12,582.64 8/1/98 7/1/08 L (9.5), O (0.5) Yes
191 Country Greens Apartments $13,205.52 8/1/98 7/1/13 L (14.5), O (0.5) Yes
192 Quail Ridge Apartments $12,130.55 9/1/98 8/1/08 L (9.5), O (0.5) Yes
193 Harold Gilstrap Shopping Center $12,676.13 10/1/98 9/1/08 L (9.5), O (0.5) Yes
194 Sahara West Plaza $12,413.76 8/1/98 7/1/08 L (9.5), O (0.5) Yes
195 Walgreens at Mission & 23rd Street $13,239.70 10/1/98 9/1/18 L (19.5), O (0.5) Yes
196 Comfort Inn - Bangor, ME $13,419.14 9/1/98 8/1/08 L (9.5), O (0.5) Yes
197 Econolodge - Bangor, ME $13,419.14 9/1/98 8/1/08 L (9.5), O (0.5) Yes
198 Point Clinton $14,390.81 10/1/98 9/1/08 L (9.5), O (0.5) Yes
199 Rite Aid - North Conway $13,592.49 9/1/98 8/1/18 L (19.5), O (0.5) Yes
200 Ravenscroft Apartments $11,107.27 10/1/98 9/1/08 L (9.5), O (0.5) Yes
201 Coach Country Corral MHP $12,581.55 8/1/98 7/1/08 L (9.5), O (0.5) Yes
202 Taft and Cleveland Paradise Apartments $12,728.15 7/1/98 6/1/13 L (14.5), O (0.5) Yes
203 Kerr Station Village $11,853.07 12/1/98 11/1/08 L (9.5), O (0.5) Yes
204 700 1/2-708 Steamboat Road $12,287.72 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
205 Tyrone Village MHP $11,310.14 12/1/98 11/1/08 L (9.5), O (0.5) Yes
206 Meadow Run Apartments $11,539.40 7/1/98 6/1/08 L (9.5), O (0.5) Yes
207 45 Church Street $12,507.61 8/1/98 7/1/08 L (9.5), O (0.5) Yes
208 New Brunswick Apartments $11,222.67 10/1/98 9/1/13 L (14.5), O (0.5) Yes
209 Fiesta RV Resort $12,011.49 11/1/98 10/1/08 L (9.5), O (0.5) Yes
210 Cedar Place Office Park $10,999.66 10/1/98 9/1/08 L (9.5), O (0.5) Yes
211 Oak Hollow Mobile Home Park $11,556.81 10/1/98 9/1/08 L (9.5), O (0.5) Yes
212 Centerline Plaza Apartments $10,822.97 9/1/98 8/1/08 L (9.5), O (0.5) Yes
213 Gottschalk's Department Store $11,897.76 12/1/98 11/1/08 L (3.0), YM 1% (6.5), O (0.5No
214 Southport Place $12,299.36 12/1/98 11/1/08 L (9.5), O (0.5) Yes
215 Bell Building $10,703.55 11/1/98 10/1/09 L (10.5), O (0.5) Yes
216 Days Inn - Bangor, ME $11,865.52 10/1/98 9/1/08 L (9.5), O (0.5) Yes
217 Stratford Shopping Center $11,034.45 7/1/98 6/1/08 L (9.5), O (0.5) Yes
218 Country Aire Manor $10,806.51 7/1/98 6/1/08 L (9.5), O (0.5) Yes
219 Corlett Creek Apartments $10,866.57 10/1/98 9/1/08 L (9.5), O (0.5) Yes
220 Anchor Bay Apartments $10,263.73 9/1/98 8/1/08 L (9.5), O (0.5) Yes
221 Tall Pines Shopping Center $12,138.38 7/1/98 6/1/08 L (9.5), O (0.5) Yes
</TABLE>
<PAGE>
Characteristics of the Mortgage Loans
<TABLE>
<CAPTION>
Original Percentage of
Principal Cut-off Date Initial
# Property Name (1) Balance Balance (6) Pool Balance
- - --- ----------------- ----------- ------------ -------------
<S> <C> <C> <C> <C>
222 Skyline Professional Building $1,525,000 $1,520,332 0.1%
223 Southwood Acres MHP $1,520,000 $1,516,659 0.1%
224 Nalbert Apartments $1,520,000 $1,516,657 0.1%
225 Ware's Van & Storage Co. $1,500,000 $1,500,000 0.1%
226 1220 South University Avenue $1,500,000 $1,499,056 0.1%
227 49 Commerce Drive/81 Ethan Allen Drive $1,500,000 $1,495,445 0.1%
228 3211 Battleground $1,500,000 $1,490,516 0.1%
229 Gardner Building $1,466,000 $1,466,000 0.1%
230 778 Main Street $1,450,000 $1,450,000 0.1%
231 Walton Village Plaza Shopping Cener $1,450,000 $1,450,000 0.1%
232 Briarwood Apartments $1,450,000 $1,448,960 0.1%
233 Rancho Santa Fe Shopping Center $1,450,000 $1,446,752 0.1%
234 Winston Place Apartments $1,440,000 $1,437,794 0.1%
235 Hondo Park Apartments $1,425,000 $1,425,000 0.1%
236 Allegheny Apartments $1,425,000 $1,421,020 0.1%
237 Huntington North Apartments $1,420,000 $1,417,678 0.1%
238 Rite Aid - Yarmouth $1,420,000 $1,417,259 0.1%
239 Sylvan Apartments $1,400,000 $1,399,054 0.1%
240 Finger Lakes/Farmington Court Apartments $1,400,000 $1,398,944 0.1%
241 Woodlake Resort Village Apartments $1,400,000 $1,398,119 0.1%
242 Walnut Villas Apartments $1,400,000 $1,397,855 0.1%
243 Portsmouth Place Apartments $1,400,000 $1,395,150 0.1%
244 70 Warren Avenue $1,372,000 $1,370,722 0.1%
245 Martinsville Plaza $1,350,000 $1,348,009 0.1%
246 Route 66 Business World $1,322,000 $1,322,000 0.1%
247 Woodwinds Condominiums $1,305,000 $1,304,119 0.1%
248 Car Engineering Building $1,300,000 $1,300,000 0.1%
249 Executive Townhomes $1,300,000 $1,300,000 0.1%
250 Parkside Place Apartments $1,300,000 $1,300,000 0.1%
251 College Square Apartments $1,300,000 $1,300,000 0.1%
252 Hartford Crossing Shopping Center $1,300,000 $1,295,859 0.1%
253 Cypress Plaza Shopping Center $1,300,000 $1,285,090 0.1%
254 Sarasota Place Apartments $1,275,000 $1,269,767 0.1%
255 Clayton Forest Apartments $1,250,000 $1,248,125 0.1%
256 Checker Auto Parts $1,250,000 $1,243,618 0.1%
257 Southpointe Shopping Center $1,250,000 $1,234,206 0.1%
258 Maple Court Apartments $1,225,000 $1,223,254 0.1%
259 Crestwood MHP $1,225,000 $1,221,487 0.1%
260 Hyde Park Apartments $1,220,000 $1,217,359 0.1%
261 Allen Medical Building $1,225,000 $1,214,437 0.1%
262 Canyon View Offices $1,200,000 $1,200,000 0.1%
263 Firehouse Square $1,200,000 $1,198,815 0.1%
264 Plymouth Place Plaza $1,200,000 $1,196,234 0.1%
265 Meridian Mobile Home Park $1,200,000 $1,196,076 0.1%
266 Country Mobile Estates $1,175,000 $1,170,040 0.1%
267 Village Apartments $1,125,000 $1,123,952 0.1%
268 Ackels Mobile Home Park $1,100,000 $1,100,000 0.1%
269 Redford Manor Apartments $1,096,000 $1,093,747 0.1%
270 Doms Business Park $1,080,000 $1,080,000 0.1%
271 Bradfield Creek Apartments $1,050,000 $1,049,022 0.1%
272 San Remo Apartments $1,040,000 $1,037,845 0.1%
273 Consolidated Printing $1,025,000 $1,025,000 0.1%
274 Knightsbridge Apartments $1,000,000 $1,000,000 0.1%
275 Whispering Meadows $1,000,000 $ 997,845 0.1%
276 Buckingham Court Apartments $1,000,000 $ 997,552 0.1%
277 Homestead Apartments $1,000,000 $ 997,317 0.1%
278 4th Avenue West Estates $1,000,000 $ 996,994 0.1%
279 Long Point Plaza Apartments $ 960,000 $ 958,466 0.1%
280 Treaty Oaks Apartments $ 950,000 $ 950,000 0.1%
281 Wilshire Estates MHP $ 950,000 $ 944,297 0.1%
282 Hollywood Video $ 925,000 $ 921,823 0.1%
283 5 Milk Street $ 900,000 $ 900,000 0.1%
284 Cardi Building $ 900,000 $ 900,000 0.1%
285 Boulevard of Chevy Chase Apartments $ 900,000 $ 897,670 0.1%
286 10 McKinley Street $ 850,000 $ 850,000 0.1%
287 Londonaire Townhouses $ 850,000 $ 849,359 0.1%
288 Heon Court Apartments $ 840,000 $ 839,126 0.1%
289 One Cameron Place $ 825,000 $ 825,000 0.1%
290 197 U.S. Route One $ 825,000 $ 824,196 0.1%
291 980 Forest Avenue $ 809,000 $ 808,226 0.1%
292 Chandler's Crossing Apartments $ 800,000 $ 798,312 0.1%
293 Kingswood Apartments $ 785,000 $ 783,802 0.1%
294 4525-4535 McEwen Road $ 750,000 $ 750,000 0.1%
295 Doms Metroplex Park $ 750,000 $ 750,000 0.1%
<CAPTION>
Original Remaining Original Remaining
Amortization Amortization Term to Term to
Term Term Maturity Maturity Mortgage
# Property Name (1) (months) (months) (months)(7) (months)(7) Rate
--- ----------------- ------------ ------------ ----------- ----------- --------
<S> <C> <C> <C> <C> <C> <C>
222 Skyline Professional Building 360 355 180 175 7.580%
223 Southwood Acres MHP 360 357 120 117 6.790%
224 Nalbert Apartments 300 298 120 118 7.200%
225 Ware's Van & Storage Co. 300 300 120 120 7.750%
226 1220 South University Avenue 360 359 120 119 6.980%
227 49 Commerce Drive / 81 Ethan Allen Drive 180 179 180 179 6.750%
228 3211 Battleground 216 213 120 117 7.370%
229 Gardner Building 300 300 120 120 7.250%
230 778 Main Street 300 300 120 120 6.750%
231 Walton Village Plaza Shopping Cener 180 180 120 120 7.000%
232 Briarwood Apartments 360 359 120 119 6.530%
233 Rancho Santa Fe Shopping Center 300 298 120 118 7.100%
234 Winston Place Apartments 360 358 120 118 6.770%
235 Hondo Park Apartments 360 360 120 120 7.150%
236 Allegheny Apartments 360 356 120 116 6.900%
237 Huntington North Apartments 240 239 240 239 7.350%
238 Rite Aid - Yarmouth 240 239 240 239 6.240%
239 Sylvan Apartments 360 359 120 119 6.740%
240 Finger Lakes/Farmington Court Apartments 360 359 120 119 6.350%
241 Woodlake Resort Village Apartments 360 358 120 118 7.310%
242 Walnut Villas Apartments 360 358 120 118 6.770%
243 Portsmouth Place Apartments 300 297 120 117 6.800%
244 70 Warren Avenue 300 299 120 119 7.500%
245 Martinsville Plaza 360 358 120 118 6.930%
246 Route 66 Business World 300 300 120 120 7.500%
247 Woodwinds Condominiums 360 359 120 119 6.740%
248 Car Engineering Building 300 300 120 120 7.500%
249 Executive Townhomes 300 300 120 120 7.500%
250 Parkside Place Apartments 240 240 120 120 7.250%
251 College Square Apartments 360 360 120 120 5.780%
252 Hartford Crossing Shopping Center 360 355 120 115 7.430%
253 Cypress Plaza Shopping Center 120 118 120 118 7.190%
254 Sarasota Place Apartments 300 296 120 116 7.340%
255 Clayton Forest Apartments 360 358 120 118 6.860%
256 Checker Auto Parts 240 237 240 237 7.400%
257 Southpointe Shopping Center 144 141 144 141 7.430%
258 Maple Court Apartments 360 358 180 178 7.070%
259 Crestwood MHP 360 356 120 116 6.800%
260 Hyde Park Apartments 360 357 120 117 6.850%
261 Allen Medical Building 180 177 180 177 7.590%
262 Canyon View Offices 300 300 120 120 7.750%
263 Firehouse Square 300 299 60 59 7.240%
264 Plymouth Place Plaza 300 297 120 117 7.310%
265 Meridian Mobile Home Park 300 297 120 117 7.100%
266 Country Mobile Estates 300 296 180 176 7.200%
267 Village Apartments 300 299 120 119 7.500%
268 Ackels Mobile Home Park 300 300 120 120 6.400%
269 Redford Manor Apartments 360 357 120 117 7.050%
270 Doms Business Park 300 300 120 120 7.500%
271 Bradfield Creek Apartments 300 299 120 119 7.500%
272 San Remo Apartments 360 357 120 117 7.020%
273 Consolidated Printing 300 300 120 120 8.150%
274 Knightsbridge Apartments 312 312 120 120 7.400%
275 Whispering Meadows 300 298 120 118 7.310%
276 Buckingham Court Apartments 360 356 120 116 7.380%
277 Homestead Apartments 360 356 120 116 7.050%
278 4th Avenue West Estates 180 179 180 179 6.850%
279 Long Point Plaza Apartments 240 239 120 119 7.500%
280 Treaty Oaks Apartments 300 300 120 120 7.500%
281 Wilshire Estates MHP 180 178 180 178 7.230%
282 Hollywood Video 240 238 120 118 7.460%
283 5 Milk Street 300 300 120 120 7.500%
284 Cardi Building 300 300 120 120 7.500%
285 Boulevard of Chevy Chase Apartments 360 356 120 116 7.180%
286 10 McKinley Street 300 300 120 120 7.500%
287 Londonaire Townhouses 360 359 120 119 6.350%
288 Heon Court Apartments 300 299 120 119 7.000%
289 One Cameron Place 300 300 120 120 7.500%
290 197 U.S. Route One 300 299 120 119 7.300%
291 980 Forest Avenue 300 299 120 119 7.380%
292 Chandler's Crossing Apartments 300 298 120 118 7.420%
293 Kingswood Apartments 240 239 120 119 7.790%
294 4525-4535 McEwen Road 300 300 120 120 7.700%
295 Doms Metroplex Park 300 300 120 120 7.500%
<CAPTION>
First
Monthly Payment Maturity Prepayment Provision Defeasance
# Property Name (1) Payment Date Date ARD (8) as of Origination Option
--- ----------------- ------- ------- -------- ------- -------------------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
222 Skyline Professional Building $10,746.69 7/1/98 6/1/13 L (14.5), O (0.5) Yes
223 Southwood Acres MHP $ 9,899.14 9/1/98 8/1/08 L (9.5), O (0.5) Yes
224 Nalbert Apartments $10,937.75 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
225 Ware's Van & Storage Co. $11,329.93 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
226 1220 South University Avenue $ 9,959.40 11/1/98 10/1/08 L (5), YM 1% (4.5), O (0.5) No
227 49 Commerce Drive/81 Ethan Allen Drive $13,273.64 11/1/98 10/1/13 L (14.5), O (0.5) Yes
228 3211 Battleground $12,558.91 9/1/98 8/1/08 L (9.5), O (0.5) Yes
229 Gardner Building $10,596.35 12/1/98 11/1/08 L (3.0), YM 1% (6.5), O (0.5) No
230 778 Main Street $10,018.22 12/1/98 11/1/08 L (9.5), O (0.5) Yes
231 Walton Village Plaza Shopping Cener $13,033.01 12/1/98 11/1/08 L (9.5), O (0.5) Yes
232 Briarwood Apartments $ 9,193.61 11/1/98 10/1/08 L (9.5), O (0.5) Yes
233 Rancho Santa Fe Shopping Center $10,340.98 10/1/98 9/1/08 L (9.5), O (0.5) Yes
234 Winston Place Apartments $ 9,358.96 10/1/98 9/1/08 L (9.5), O (0.5) Yes
235 Hondo Park Apartments $ 9,624.55 12/1/98 11/1/08 L (9.5), O (0.5) Yes
236 Allegheny Apartments $ 9,385.05 8/1/98 7/1/08 L (9.5), O (0.5) Yes
237 Huntington North Apartments $11,309.54 11/1/98 10/1/18 L (10), YM 1% (9.5), O (0.5) No
238 Rite Aid - Yarmouth $10,370.91 11/1/98 10/1/18 L (19.5), O (0.5) Yes
239 Sylvan Apartments $ 9,071.07 11/1/98 10/1/08 L (9.5), O (0.5) Yes
240 Finger Lakes/Farmington Court Apartments $ 8,711.30 11/1/98 10/1/08 L (9.5), O (0.5) Yes
241 Woodlake Resort Village Apartments $ 9,607.51 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
242 Walnut Villas Apartments $ 9,098.99 10/1/98 9/1/08 L (9.5), O (0.5) Yes
243 Portsmouth Place Apartments $ 9,717.01 9/1/98 8/1/08 L (9.5), O (0.5) Yes
244 70 Warren Avenue $10,138.96 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
245 Martinsville Plaza $ 8,918.21 10/1/98 9/1/08 L (9.5), O (0.5) Yes
246 Route 66 Business World $ 9,769.46 12/1/98 11/1/08 L (9.5), O (0.5) No
247 Woodwinds Condominiums $ 8,455.53 11/1/98 10/1/08 L (9.5), O (0.5) Yes
248 Car Engineering Building $ 9,606.89 12/1/98 11/1/08 L (3.0), YM 1 % (6.5), O (0.5) No
249 Executive Townhomes $ 9,606.89 12/1/98 11/1/08 L (2), YM 1% (7.5), O (0.5) No
250 Parkside Place Apartments $10,274.89 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
251 College Square Apartments $ 7,611.24 12/1/98 11/1/08 L (9.5), O (0.5) Yes
252 Hartford Crossing Shopping Center $ 9,027.56 7/1/98 6/1/08 L (9.5), O (0.5) Yes
253 Cypress Plaza Shopping Center $15,221.71 10/1/98 9/1/08 L (9.5), O (0.5) Yes
254 Sarasota Place Apartments $ 9,289.85 8/1/98 7/1/08 L (3), YM 1% (6.5), O (0.5) No
255 Clayton Forest Apartments $ 8,199.09 10/1/98 9/1/08 L (9.5), O (0.5) Yes
256 Checker Auto Parts $ 9,993.62 9/1/98 8/1/18 L (19.5), O (0.5) Yes
257 Southpointe Shopping Center $13,143.06 9/1/98 8/1/10 L (11.5), O (0.5) Yes
258 Maple Court Apartments $ 8,207.63 10/1/98 9/1/13 L (14.5), O (0.5) Yes
259 Crestwood MHP $ 7,986.08 8/1/98 7/1/08 L (9.5), O (0.5) Yes
260 Hyde Park Apartments $ 7,994.16 9/1/98 8/1/08 L (9.5), O (0.5) Yes
261 Allen Medical Building $11,418.64 9/1/98 8/1/13 L (14.5), O (0.5) Yes
262 Canyon View Offices $ 9,063.95 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
263 Firehouse Square $ 8,665.95 11/1/98 10/1/03 L (4.5), O (0.5) Yes
264 Plymouth Place Plaza $ 8,720.12 9/1/98 8/1/08 L (9.5), O (0.5) Yes
265 Meridian Mobile Home Park $ 8,558.06 9/1/98 8/1/08 L (9.5), O (0.5) Yes
266 Country Mobile Estates $ 8,455.17 8/1/98 7/1/13 L (14.5), O (0.5) Yes
267 Village Apartments $ 8,313.65 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
268 Ackels Mobile Home Park $ 7,358.69 12/1/98 11/1/08 L (9.5), O (0.5) Yes
269 Redford Manor Apartments $ 7,328.56 9/1/98 8/1/08 L (9.5), O (0.5) Yes
270 Doms Business Park $ 7,981.10 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
271 Bradfield Creek Apartments $ 7,759.41 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
272 San Remo Apartments $ 6,933.12 9/1/98 8/1/08 L (9.5), O (0.5) Yes
273 Consolidated Printing $ 8,013.24 12/1/98 11/1/08 L(2), YM 1% (7.5), O (0.5) No
274 Knightsbridge Apartments $ 7,228.43 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
275 Whispering Meadows $ 7,266.77 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
276 Buckingham Court Apartments $ 6,910.16 8/1/98 7/1/08 L (9.5), O (0.5) Yes
277 Homestead Apartments $ 6,686.64 8/1/98 7/1/08 L (9.5), O (0.5) Yes
278 4th Avenue West Estates $ 8,904.63 11/1/98 10/1/13 L (14.5), O (0.5) Yes
279 Long Point Plaza Apartments $ 7,733.69 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
280 Treaty Oaks Apartments $ 7,020.42 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
281 Wilshire Estates MHP $ 8,661.49 10/1/98 9/1/13 L (14.5), O (0.5) Yes
282 Hollywood Video $ 7,429.13 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
283 5 Milk Street $6,650.92 12/1/98 11/1/08 L (3.0), YM 1% (6.5), O(0.5) No
284 Cardi Building $6,650.92 12/1/98 11/1/08 L (3.0), YM 1 % (6.5), O (0.5) No
285 Boulevard of Chevy Chase Apartments $6,096.91 8/1/98 7/1/08 L (9.5), O (0.5) Yes
286 10 McKinley Street $6,281.43 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
287 Londonaire Townhouses $5,289.00 11/1/98 10/1/08 L (9.5), O (0.5) Yes
288 Heon Court Apartments $5,936.95 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
289 One Cameron Place $6,096.68 12/1/98 11/1/08 L(9.5), O(0.5) No
290 197 U.S. Route One $5,989.76 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
291 980 Forest Avenue $5,915.44 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
292 Chandler's Crossing Apartments $5,870.36 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
293 Kingswood Apartments $6,463.83 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
294 4525-4535 McEwen Road $5,640.37 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
295 Doms Metroplex Park $5,542.43 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
</TABLE>
<PAGE>
Characteristics of the Mortgage Loans
<TABLE>
<CAPTION>
Original Percentage of
Principal Cut-off Date Initial
# Property Name (1) Balance Balance (6)) Pool Balance
- - --- ----------------- ----------- ------------ -------------
<S> <C> <C> <C> <C>
296 Baxter Mills Apartments $740,000 $739,295 0.1%
297 Seven Eleven $725,000 $724,270 0.1%
298 Royal North Apartments $722,500 $721,149 0.1%
299 3314 Mount Pleasant Apartments $710,000 $708,625 0.1%
300 Virginia Apartments $700,000 $700,000 0.1%
301 Pagewood Oval Apartments $675,000 $673,543 0.1%
302 Creekview Condominiums $630,000 $629,413 0.1%
303 Park Hill Apartments $615,000 $614,536 0.1%
304 Amherst Gardens $600,000 $599,409 0.1%
305 Arlington Arms Apartments $585,000 $584,392 0.1%
306 Rebecca Apartments $525,000 $522,720 0.0%
307 Barstow Plaza $500,000 $500,000 0.0%
308 Fleur de Lis Apartments $500,000 $498,725 0.0%
309 2602 Penny Lane $484,000 $483,578 0.0%
310 3246 Navarre Avenue $457,500 $457,074 0.0%
311 Tara Apartments $450,000 $449,264 0.0%
312 Mark V Apartments $420,000 $419,631 0.0%
313 Hallmark Apartments $400,000 $399,261 0.0%
314 Mirage Apartments $388,000 $387,276 0.0%
315 Main Street Studios $380,000 $379,564 0.0%
316 Summertree Apartments $371,000 $370,054 0.0%
317 Prestige State Bank $360,000 $359,716 0.0%
318 Masonic Temple $350,000 $349,696 0.0%
Total/Weighted Average 1,153,256,500 1,150,838,323 100.0%
============================================
Maximum: $75,000,000 $74,826,649 6.5%
Minimum: $67,475 $66,884 0.0%
<CAPTION>
Original Remaining Original Remaining
Amortization Amortization Term to Term to
Term Term Maturity Maturity Mortgage
# Property Name (1) (months) (months) (months)(7) (months)(7) Rate
--- ----------------- ------------ ------------ ----------- ----------- ------
<S> <C> <C> <C> <C> <C> <C>
296 Baxter Mills Apartments 300 299 120 119 7.400%
297 Seven Eleven 300 299 120 119 7.150%
298 Royal North Apartments 300 298 120 118 8.050%
299 3314 Mount Pleasant Apartments 300 298 120 118 7.870%
300 Virginia Apartments 300 300 120 120 7.375%
301 Pagewood Oval Apartments 300 298 120 118 7.300%
302 Creekview Condominiums 300 299 120 119 7.500%
303 Park Hill Apartments 360 359 120 119 6.350%
304 Amherst Gardens 300 299 120 119 7.250%
305 Arlington Arms Apartments 300 299 120 119 7.000%
306 Rebecca Apartments 240 237 240 237 8.500%
307 Barstow Plaza 300 300 120 120 7.850%
308 Fleur de Lis Apartments 300 297 120 117 8.320%
309 2602 Penny Lane 300 299 120 119 7.790%
310 3246 Navarre Avenue 300 299 120 119 7.500%
311 Tara Apartments 240 239 240 239 7.350%
312 Mark V Apartments 300 299 120 119 7.750%
313 Hallmark Apartments 300 298 120 118 8.110%
314 Mirage Apartments 300 298 120 118 8.060%
315 Main Street Studios 360 358 120 118 7.920%
316 Summertree Apartments 300 297 120 117 8.320%
317 Prestige State Bank 300 299 120 119 8.200%
318 Masonic Temple 300 299 120 119 7.800%
Total/Weighted Average 315 312 130 127 7.1202%
===================================================================
Maximum: 360 360 300 299 8.5200%
Minimum: 120 118 60 56 5.7800%
<CAPTION>
First
Monthly Payment Maturity Prepayment Provision Defeasance
# Property Name (1) Payment Date Date ARD (8) as of Origination Option
--- ----------------- ------- ------- -------- ------- -------------------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
296 Baxter Mills Apartments $5,420.49 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
297 Seven Eleven $5,193.73 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
298 Royal North Apartments $5,600.32 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
299 3314 Mount Pleasant Apartments $5,418.89 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
300 Virginia Apartments $5,116.16 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
301 Pagewood Oval Apartments $4,900.71 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
302 Creekview Condominiums $4,655.64 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
303 Park Hill Apartments $3,826.75 11/1/98 10/1/08 L (9.5), O (0.5) Yes
304 Amherst Gardens $4,336.84 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
305 Arlington Arms Apartments $4,134.66 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
306 Rebecca Apartments $4,556.07 9/1/98 8/1/18 L (3), YM 1% (6.5), O (10.5) No
307 Barstow Plaza $3,809.53 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
308 Fleur de Lis Apartments $3,965.67 9/1/98 8/1/08 L (3), YM 1% (6.5), O (0.5) No
309 2602 Penny Lane $3,668.51 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
310 3246 Navarre Avenue $3,380.88 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
311 Tara Apartments $3,584.01 11/1/98 10/1/18 L (10), YM 1% (9.5), O (0.5) No
312 Mark V Apartments $3,172.38 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
313 Hallmark Apartments $3,116.47 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
314 Mirage Apartments $3,010.09 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
315 Main Street Studios $2,767.14 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
316 Summertree Apartments $2,942.52 9/1/98 8/1/08 L (3), YM 1% (6.5), O (0.5) No
317 Prestige State Bank $2,826.40 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
318 Masonic Temple $2,655.15 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
Total/Weighted Average $ 84,636 09/22/98 06/28/11
==============================
Maximum: $526,740 12/01/98 10/01/23
Minimum: $ 586 01/01/98 07/01/03
</TABLE>
(1A) The Mortgage Loans secured by 250 South Clinton, Steelway North &
South, 1001 and 1011 AIP Drive, Northeast Industrial Building #21, 507
Plum Street, 3530 East Pike, Northeast Industrial Building #8,
Northeast Industrial Building #22, 4, 5 & 8 Marway, 16725 Square Drive
and One Clinton Square, respectively, are cross-collateralized and
cross-defaulted.
(1B) The Mortgage Loans secured by The Hughes Center at Rancho Niguel and
The Edwards Center at Rancho Niguel, respectively, are
cross-collateralized and cross-defaulted.
(1C) The Mortgage Loans secured by Rivertree Court Shopping Center, Woodland
Heights Shopping Center, Winnetka Commons Shopping Center, Berwyn Plaza
Shopping Center and Walgreen's Store, respectively, are
cross-collateralized and cross-defaulted in a 10 Year Interest Only
Loan.
(1D) The Mortgage Loans secured by Blue Ash Portfolio, Springdale Office
Center, Executive Center East and McDonald's, respectively, are
cross-collateralized and cross-defaulted.
(1E) The Mortgage Loans secured by Storage Box / Stowaway Storage and
Maplewood MHP, respectively, are cross-collateralized and
cross-defaulted.
(1F) The Mortgage Loans secured by Run in Foods DP #4, Run in Foods Unit
DP#7, Run in Foods #401, Run in Foods #406, Run in Foods #402, Run in
Foods #403, Run in Foods # 404, Run in Foods Unit #410, respectively,
are cross-collateralized and cross-defaulted. The appraised value of
each such Mortgage Loan includes as estimated enterprise value and an
appraised real estate value. The aggregate of the appraised real estate
values of such Mortgage Loans is $8,910,000.
(1G) The Mortgage Loans secured by Super 8-Midtown, Super 8-East and Super
8-West, respectively, are cross-collateralized and cross-defaulted.
(1H) The Mortgage Loans secured by Mission Industrial Park and Jurupa
Business Park, respectively, are cross-collateralized and
cross-defaulted.
(1I) The Mortgage Loans secured by St. Charles Apartments and St. James
Apartments, respectively, are cross-collateralized and cross-defaulted.
(2) Embassy Crossing Shopping Center has an interest only period of 24
months from origination and thereafter is scheduled to amortize over
336 months.
(3) Green's Corner has an interest only period of 24 months from
origination and thereafter is scheduled to amortize over 336 months.
(4) Windlands Shopping Center has an interest only period of 24 months from
origination and thereafter is scheduled to amortize over 336 months.
(5) The Mortgage Loan secured by Rite Aid - Kennebunk provides for an
increase in the amount of the monthly payment in June 2008. The
Underwritten DSCR presented herein with respect to the mortgage loan is
based on monthly payment in effect as of November 1, 1998.
(6) Assumes a Cut-off Date of November 1, 1998.
(7) In the case of the Anticipated Repayment Date loans, the Anticipated
Repayment Date is assumed to be the maturity date for the purposes of
the indicated column.
(8) Anticipated Repayment Date.
<PAGE>
Descriptions of the Mortgaged Properties
<TABLE>
<CAPTION>
Units/
Sq. Ft./
Rooms/ Fee Simple/
# Property Name (1) Property Type Pads Leasehold
--- ----------------- ------------- -------- -----------
<S> <C> <C> <C> <C>
1 Chanin Building Office 848,562 Leasehold
2 250 South Clinton Street (1A) Office 183,206 Fee/Leasehold
3 Steelway North & South (1A) Industrial 655,500 Fee
4 1001 and 1011 AIP Drive (1A) Industrial 285,466 Fee
5 Northeast Industrial Building # 21 (1A) Industrial 100,000 Fee
6 507 Plum Street (1A) Office 71,449 Fee
7 3530 East Pike (1A) Industrial 300,000 Fee
8 Northeast Industrial Building # 8 (1A) Industrial 192,645 Fee
9 Northeast Industrial Building #22 (1A) Industrial 104,000 Fee
10 4, 5 & 8 Marway Circle (1A) Industrial 171,155 Fee
11 16725 Square Drive (1A) Industrial 133,500 Fee
12 One Clinton Square (1A) Office 39,610 Fee
13 The Hughes Center at Rancho Niguel (1B) Retail 120,867 Fee
14 The Edwards Center at Rancho Niguel (1B) Retail 35,600 Fee
15 Rivertree Court Shopping Center (1C) Retail 299,055 Fee
16 Woodland Heights Shopping Center (1C) Retail 120,436 Fee
17 Winnetka Commons Shopping Center (1C) Retail 42,415 Fee
18 Berwyn Plaza Shopping Center (1C) Retail 18,132 Fee
19 Walgreen's Store (1C) Retail 15,856 Fee
20 Heritage Point Multifamily 924 Fee
21 Best Western Inn of Chicago Hotel 358 Fee
22 Christiana Hilton Inn - Newark, DE Hotel 266 Fee
23 Embassy Crossing Shopping Center (2) Retail 336,777 Fee
24 Jefferson at Treetops Multifamily 240 Fee
25 Dominion Tower & Parking Garage Mixed Use 209,313 Fee
26 Holiday Inn Hurstborne Hotel 267 Fee
27 Blue Ash Portfolio (1D) Mixed Use 232,526 Fee
28 Springdale Office Center (1D) Office 88,040 Fee
29 Executive Center East (1D) Office 25,591 Fee
30 McDonald's (1D) Retail 87,120 Fee
31 11 Park Place Office 189,530 Fee
32 Twin Creeks Apartments Multifamily 240 Fee
33 Storage Box / Stowaway Storage (1E) Self Storage 148,992 Fee
34 Maplewood MHP (1E) Manufactured Housing 268 Fee
35 Corporate Office Park I and II Office 184,844 Fee
36 Knights Bridge II Apartments Multifamily 208 Fee
37 Preston Stonebrook Center Retail 61,853 Fee
38 Run in Foods DP #4 (1F) Other 11,163 Fee
39 Run in Foods Unit DP#7 (1F) Other 12,069 Fee
40 Run in Foods #401 (1F) Other 6,837 Fee
41 Run in Foods #406 (1F) Other 5,386 Fee
42 Run in Foods #402 (1F) Other 9,292 Fee
43 Run in Foods #403 (1F) Other 3,912 Fee
44 Run in Foods #404 (1F) Other 3,933 Fee
45 Run in Foods Unit #410 (1F) Other 3,825 Leasehold
46 Super 8-Midtown (1G) Hotel 243 Fee
47 Super 8-East (1G) Hotel 100 Fee
48 Super 8-West (1G) Hotel 98 Fee
49 Wellington Woods & Lakes Multifamily 274 Fee
50 Hampton Inn - Indianapolis, IN Hotel 180 Fee
51 Chidlaw Building Office 281,561 Fee
52 Mahwah Business Park Industrial 401,074 Fee
53 Grandview Garden Apartments Multifamily 424 Fee
54 Cornerstone Office Building Office 93,633 Fee
55 160 Pine Street Office 96,476 Fee
56 River Run Apartments Multifamily 284 Fee
57 180 North Michigan Avenue Office 210,353 Fee
58 Oak Hills Apartments Multifamily 244 Fee
59 145 Rosemary Street Office 86,269 Fee
60 Holiday Inn - Youngstown, OH Hotel 153 Fee
61 Tierra Verde Marine Center Mixed Use 82,271 Fee/Leasehold
62 MCOM Building Industrial 172,825 Fee
63 Mayport Trace Apartments Multifamily 203 Fee
64 Mercantile Bank Building Office 109,271 Fee
65 Brook Forest Apartments Multifamily 353 Fee
66 Midfield Shopping Center Retail 166,180 Fee
67 Far East Plaza Retail 46,300 Fee
68 Highland Square Shopping Center Retail 214,550 Fee
69 Spanish Villa Apartments Multifamily 232 Fee
70 Green's Corner (3) Retail 193,467 Fee
71 Mountain Ridge Apartments Multifamily 236 Fee
72 Radisson Suites Hotel 153 Fee
73 Holiday Campground Manufactured Housing 650 Fee
<CAPTION>
Later of Occupancy
Year Built/ Rate at
# Property Name (1) Year Renovated U/W (6)
--- ----------------- -------------- ---------
<S> <C> <C> <C>
1 Chanin Building 1997 96.0%
2 250 South Clinton Street (1A) 1991 100.0%
3 Steelway North & South (1A) 1978 100.0%
4 1001 and 1011 AIP Drive (1A) 1991 100.0%
5 Northeast Industrial Building # 21 (1A) 1988 100.0%
6 507 Plum Street (1A) 1991 100.0%
7 3530 East Pike (1A) 1992 100.0%
8 Northeast Industrial Building # 8 (1A) 1992 100.0%
9 Northeast Industrial Building #22 (1A) 1989 100.0%
10 4, 5 & 8 Marway Circle (1A) 1975 98.0%
11 16725 Square Drive (1A) 1987 100.0%
12 One Clinton Square (1A) 1996 100.0%
13 The Hughes Center at Rancho Niguel (1B) 1988 100.0%
14 The Edwards Center at Rancho Niguel (1B) 1988 100.0%
15 Rivertree Court Shopping Center (1C) 1988 99.0%
16 Woodland Heights Shopping Center (1C) 1997 86.0%
17 Winnetka Commons Shopping Center (1C) 1990 100.0%
18 Berwyn Plaza Shopping Center (1C) 1983 100.0%
19 Walgreen's Store (1C) 1985 100.0%
20 Heritage Point 1973 98.0%
21 Best Western Inn of Chicago 1981 N/A
22 Christiana Hilton Inn - Newark, DE 1997 N/A
23 Embassy Crossing Shopping Center (2) 1993 90.0%
24 Jefferson at Treetops 1996 93.0%
25 Dominion Tower & Parking Garage 1989 99.0%
26 Holiday Inn Hurstborne 1986 N/A
27 Blue Ash Portfolio (1D) 1996 96.0%
28 Springdale Office Center (1D) 1973 96.0%
29 Executive Center East (1D) 1987 100.0%
30 McDonald's (1D) 1993 100.0%
31 11 Park Place 1993 93.0%
32 Twin Creeks Apartments 1986 100.0%
33 Storage Box/Stowaway Storage (1E) 1996 73.0%
34 Maplewood MHP (1E) 1972 100.0%
35 Corporate Office Park I and II 1985 88.0%
36 Knights Bridge II Apartments 1996 96.0%
37 Preston Stonebrook Center 1997 96.0%
38 Run in Foods DP #4 (1F) 1988 100.0%
39 Run in Foods Unit DP#7 (1F) 1990 100.0%
40 Run in Foods #401 (1F) 1988 100.0%
41 Run in Foods #406 (1F) 1988 100.0%
42 Run in Foods #402 (1F) 1984 100.0%
43 Run in Foods #403 (1F) 1985 100.0%
44 Run in Foods #404 (1F) 1976 100.0%
45 Run in Foods Unit #410 (1F) 1986 100.0%
46 Super 8-Midtown (1G) 1985 N/A
47 Super 8-East (1G) 1996 N/A
48 Super 8-West (1G) 1990 N/A
49 Wellington Woods & Lakes 1997 97.0%
50 Hampton Inn - Indianapolis, IN 1996 N/A
51 Chidlaw Building 1995 82.0%
52 Mahwah Business Park 1996 89.0%
53 Grandview Garden Apartments 1997 96.0%
54 Cornerstone Office Building 1996 92.0%
55 160 Pine Street 1987 98.0%
56 River Run Apartments 1997 92.0%
57 180 North Michigan Avenue 1985 97.0%
58 Oak Hills Apartments 1983 94.0%
59 145 Rosemary Street 1995 96.0%
60 Holiday Inn - Youngstown, OH 1990 N/A
61 Tierra Verde Marine Center 1994 90.0%
62 MCOM Building 1997 100.0%
63 Mayport Trace Apartments 1988 93.0%
64 Mercantile Bank Building 1992 96.0%
65 Brook Forest Apartments 1969 89.0%
66 Midfield Shopping Center 1977 89.0%
67 Far East Plaza 1980 94.0%
68 Highland Square Shopping Center 1980 100.0%
69 Spanish Villa Apartments 1998 99.0%
70 Green's Corner (3) 1986 90.0%
71 Mountain Ridge Apartments 1993 94.0%
72 Radisson Suites 1989 N/A
73 Holiday Campground 1986 76.0%
<CAPTION>
Appraised Cut-off Date U/W U/W
# Property Name (1) Value LTV Ratio NCF(7) DSCR(8)
--- ----------------- --------- ------------ ------ -------
<S> <C> <C> <C> <C> <C>
1 Chanin Building $105,000,000 71.3% $8,387,294 1.33x
2 250 South Clinton Street (1A) $ 20,700,000 80.0% $2,093,634 1.51x
3 Steelway North & South (1A) $ 13,900,000 80.0% $1,324,630 1.42x
4 1001 and 1011 AIP Drive (1A) $ 9,100,000 80.0% $ 813,025 1.33x
5 Northeast Industrial Building # 21 (1A) $ 6,600,000 80.0% $ 650,172 1.47x
6 507 Plum Street (1A) $ 6,500,000 80.0% $ 668,968 1.53x
7 3530 East Pike (1A) $ 5,750,000 80.0% $ 477,390 1.24x
8 Northeast Industrial Building # 8 (1A) $ 5,400,000 80.0% $ 524,124 1.45x
9 Northeast Industrial Building #22 (1A) $ 4,600,000 80.0% $ 430,785 1.40x
10 4, 5 & 8 Marway Circle (1A) $ 4,425,000 80.0% $ 418,896 1.41x
11 16725 Square Drive (1A) $ 2,800,000 80.0% $ 270,593 1.44x
12 One Clinton Square (1A) $ 2,170,000 77.4% $ 170,590 1.21x
13 The Hughes Center at Rancho Niguel (1B) $ 28,500,000 80.7% $2,387,689 1.35x
14 The Edwards Center at Rancho Niguel (1B) $ 7,100,000 80.3% $ 611,938 1.40x
15 Rivertree Court Shopping Center (1C) $ 32,500,000 56.0% $2,935,214 2.31x
16 Woodland Heights Shopping Center (1C) $ 9,650,000 32.1% $ 516,533 2.38x
17 Winnetka Commons Shopping Center (1C) $ 4,700,000 50.5% $ 394,135 2.37x
18 Berwyn Plaza Shopping Center (1C) $ 1,900,000 38.9% $ 123,043 2.38x
19 Walgreen's Store (1C) $ 1,200,000 49.6% $ 98,931 2.38x
20 Heritage Point $ 36,000,000 69.4% $3,443,893 1.60x
21 Best Western Inn of Chicago $ 30,700,000 71.4% $3,279,579 1.55x
22 Christiana Hilton Inn - Newark, DE $ 33,000,000 65.1% $3,251,846 1.79x
23 Embassy Crossing Shopping Center (2) $ 25,000,000 80.0% $2,239,065 1.36x
24 Jefferson at Treetops $ 24,800,000 78.9% $2,044,305 1.33x
25 Dominion Tower & Parking Garage $ 23,500,000 79.2% $2,117,226 1.29x
26 Holiday Inn Hurstborne $ 25,000,000 73.7% $2,536,354 1.56x
27 Blue Ash Portfolio (1D) $ 15,380,000 70.4% $1,318,412 1.52x
28 Springdale Office Center (1D) $ 5,380,000 69.9% $ 558,353 1.85x
29 Executive Center East (1D) $ 1,600,000 69.9% $ 161,426 1.80x
30 McDonald's (1D) $ 550,000 49.9% $ 38,933 1.77x
31 11 Park Place $ 20,500,000 73.0% $1,592,867 1.33x
32 Twin Creeks Apartments $ 16,000,000 79.8% $1,293,138 1.29x
33 Storage Box/Stowaway Storage (1E) $ 8,850,000 69.4% $ 725,163 1.35x
34 Maplewood MHP (1E) $ 7,300,000 79.8% $ 601,539 1.30x
35 Corporate Office Park I and II $ 14,800,000 75.9% $1,214,662 1.27x
36 Knights Bridge II Apartments $ 12,200,000 78.9% $1,004,695 1.31x
37 Preston Stonebrook Center $ 11,500,000 77.3% $ 950,413 1.40x
38 Run in Foods DP #4 (1F) $ 3,630,000 71.1% $ 412,783 1.52x
39 Run in Foods Unit DP#7 (1F) $ 3,425,000 70.3% $ 385,173 1.52x
40 Run in Foods #401 (1F) $ 1,250,000 69.9% $ 139,435 1.52x
41 Run in Foods #406 (1F) $ 1,220,000 69.8% $ 136,676 1.52x
42 Run in Foods #402 (1F) $ 1,100,000 70.5% $ 124,248 1.52x
43 Run in Foods #403 (1F) $ 900,000 69.6% $ 100,780 1.53x
44 Run in Foods #404 (1F) $ 620,000 71.0% $ 70,467 1.52x
45 Run in Foods Unit #410 (1F) $ 95,000 70.4% $ 11,043 1.57x
46 Super 8-Midtown (1G) $ 10,350,000 55.9% $1,035,700 1.92x
47 Super 8-East (1G) $ 2,900,000 55.1% $ 186,214 1.25x
48 Super 8-West (1G) $ 3,100,000 38.6% $ 271,737 2.43x
49 Wellington Woods & Lakes $ 11,200,000 73.0% $ 893,565 1.37x
50 Hampton Inn - Indianapolis, IN $ 13,500,000 59.4% $1,202,613 1.71x
51 Chidlaw Building $ 11,350,000 70.3% $ 890,623 1.37x
52 Mahwah Business Park $ 13,850,000 57.6% $ 867,326 1.25x
53 Grandview Garden Apartments $ 9,775,000 79.2% $ 903,278 1.47x
54 Cornerstone Office Building $ 9,600,000 78.1% $ 821,236 1.39x
55 160 Pine Street $ 17,000,000 44.1% $ 842,920 1.38x
56 River Run Apartments $ 9,450,000 79.1% $ 818,454 1.37x
57 180 North Michigan Avenue $ 9,500,000 76.7% $ 801,532 1.36x
58 Oak Hills Apartments $ 9,200,000 78.3% $ 879,980 1.34x
59 145 Rosemary Street $ 9,600,000 72.8% $ 740,305 1.25x
60 Holiday Inn - Youngstown, OH $ 10,100,000 69.2% $ 863,480 1.39x
61 Tierra Verde Marine Center $ 9,300,000 73.9% $ 813,284 1.35x
62 MCOM Building $ 9,515,000 72.0% $ 929,357 1.40x
63 Mayport Trace Apartments $ 9,140,000 74.4% $ 728,348 1.35x
64 Mercantile Bank Building $ 9,250,000 73.3% $ 733,973 1.26x
65 Brook Forest Apartments $ 11,300,000 58.3% $ 766,997 1.44x
66 Midfield Shopping Center $ 8,200,000 79.2% $ 682,357 1.36x
67 Far East Plaza $ 9,080,000 71.5% $ 805,777 1.48x
68 Highland Square Shopping Center $ 10,353,000 61.1% $ 875,698 1.58x
69 Spanish Villa Apartments $ 8,400,000 74.9% $ 732,501 1.37x
70 Green's Corner (3) $ 7,850,000 79.5% $ 675,021 1.28x
71 Mountain Ridge Apartments $ 7,790,000 79.4% $ 724,155 1.44x
72 Radisson Suites $ 9,500,000 63.5% $1,060,022 1.64x
73 Holiday Campground $ 8,510,000 70.3% $ 709,750 1.41x
</TABLE>
<PAGE>
Descriptions of the Mortgaged Properties
<TABLE>
<CAPTION>
Units
Sq. Ft./
Rooms/ Fee Simple/
# Property Name (1) Property Type Pads Leasehold
--- ----------------- ------------- -------- -----------
<S> <C> <C> <C> <C>
74 Plantation Meadows Apartments Multifamily 170 Fee
75 Gresham Townhomes Multifamily 81 Fee
76 Lakewood Apartments Multifamily 320 Fee
77 Super 8 - Las Vegas, NV Hotel 290 Fee
78 Imperial Plaza Shopping Center Retail 126,040 Fee
79 Thunder Hollow Multifamily 160 Fee
80 K-Mart Retail 102,067 Fee
81 Woodlake Village Apartments Multifamily 237 Fee
82 Trabuco Marketplace Retail 26,697 Fee
83 Indian Valley Apartments Multifamily 208 Fee
84 Flamingo West Center Retail 69,369 Fee
85 Mill Creek Shopping Center Retail 72,471 Fee
86 High Vista Apartments Multifamily 242 Fee
87 Woodland Office Center Office 47,270 Fee
88 Bayfair Apartments Multifamily 135 Fee
89 University Green Apartments Multifamily 194 Fee
90 El Dorado Mobile Home Estates Manufactured Housing 295 Fee
91 Holiday Inn - Danbury, CT Hotel 114 Fee
92 Country Inn & Suites Hotel Hotel 170 Fee
93 Center Ridge Apartments Multifamily 224 Fee
94 Marriott Commerce Building Office 94,586 Fee
95 Silicon Valley Inn & Suites Hotel 101 Fee
96 Best Western - Sunnyvale Hotel 88 Fee
97 Golden Valley Commons Retail 37,955 Fee
98 West Park Place Multifamily 131 Fee
99 Naperville Office Court Office 66,738 Fee
100 Holiday Inn Express - Mountain View, CA Hotel 58 Fee
101 Best Buy / Drug Emporium Retail 73,799 Fee
102 Medical Arts Building Office 88,804 Fee
103 Comfort Inn - Sunnyvale Hotel 52 Fee
104 Holiday Inn Denver North/Coliseum Hotel 204 Fee
105 Windlands Shopping Center (4) Retail 106,634 Fee
106 Northborough Woods Apartments Multifamily 240 Fee
107 Victory Townhomes Multifamily 45 Fee
108 Madison Building Office 94,490 Leasehold
109 Dairy Plaza Shopping Center Retail 82,200 Fee
110 Comfort Inn - Concord, NH Hotel 100 Fee
111 Peconic Plaza Retail 38,108 Fee
112 Bayou Village Apartments Multifamily 314 Fee
113 Country Suites - Chattanooga, TN Hotel 82 Fee
114 Southlake Plaza II Retail 29,320 Fee
115 531 West Deming Multifamily 90 Fee
116 Camelot Apartments Multifamily 135 Fee
117 Sevilla Apartments Multifamily 104 Fee
118 The Way III Apartments Multifamily 200 Fee
119 Glenview Office and Industrial Park Mixed Use 83,285 Fee
120 Hampton Inn - Decatur, AL Hotel 91 Fee
121 Mission Industrial Park (1H) Industrial 100,602 Fee
122 Jurupa Business Park (1H) Industrial 51,014 Fee
123 Colony Square Shopping Center Retail 48,047 Fee
124 Vintage Business Park Office 27,563 Fee
125 Bruno's Shopping Center Retail 68,400 Fee
126 Crossroads Shopping Center Retail 44,800 Fee
127 High Country Plaza Retail 20,582 Fee
128 Marina Del Rey Industrial Industrial 41,030 Fee
129 St. Charles Apartments (1I) Multifamily 42 Fee
130 St. James Apartments (1I) Multifamily 36 Fee
131 Plaza at Sunrise Retail 41,825 Fee
132 Shannon Arms III Apartments Multifamily 80 Fee
133 River Valley Square Shopping Center Retail 36,838 Fee
134 Rio Commercial Center Mixed Use 106,150 Fee
135 Alexis Apartments Multifamily 94 Fee
136 Beltway Plaza 4710 Office 71,429 Fee
137 Casa Linda MHP Manufactured Housing 107 Fee
138 Mesa Ridge Apartments Multifamily 257 Fee
139 Vintage Business Park II Office 26,657 Fee
140 Mountain Village Shopping Center Retail 103,135 Fee
141 Rock River Tower Apartments Multifamily 110 Fee
142 Durango Plaza Retail Center Retail 28,980 Fee
143 Beatrice Avenue Industrial Industrial 44,750 Fee
144 Miller Apartments Multifamily 120 Fee
145 University Square Outlet Mall Retail 48,438 Fee
146 Ridgewood Plaza Shopping Center Retail 36,455 Fee
147 Chase Village Apartments Multifamily 128 Fee
<CAPTION>
Later of Occupancy
Year Built/ Rate at
# Property Name (1) Year Renovated U/W (6)
--- ----------------- -------------- ---------
<S> <C> <C> <C>
74 Plantation Meadows Apartments 1990 99.0%
75 Gresham Townhomes 1982 98.0%
76 Lakewood Apartments 1973 98.0%
77 Super 8 - Las Vegas, NV 1989 N/A
78 Imperial Plaza Shopping Center 1998 89.0%
79 Thunder Hollow 1985 91.0%
80 K-Mart 1992 99.0%
81 Woodlake Village Apartments 1995 96.0%
82 Trabuco Marketplace 1992 100.0%
83 Indian Valley Apartments 1997 95.0%
84 Flamingo West Center 1986 95.0%
85 Mill Creek Shopping Center 1996 99.0%
86 High Vista Apartments 1974 93.0%
87 Woodland Office Center 1985 100.0%
88 Bayfair Apartments 1974 100.0%
89 University Green Apartments 1987 99.0%
90 El Dorado Mobile Home Estates 1974 98.0%
91 Holiday Inn - Danbury, CT 1996 N/A
92 Country Inn & Suites Hotel 1997 N/A
93 Center Ridge Apartments 1996 95.0%
94 Marriott Commerce Building 1996 100.0%
95 Silicon Valley Inn & Suites 1996 N/A
96 Best Western - Sunnyvale 1996 N/A
97 Golden Valley Commons 1996 97.0%
98 West Park Place 1984 95.0%
99 Naperville Office Court 1980 99.0%
100 Holiday Inn Express - Mountain View, CA 1997 N/A
101 Best Buy / Drug Emporium 1993 100.0%
102 Medical Arts Building 1985 88.0%
103 Comfort Inn - Sunnyvale 1996 N/A
104 Holiday Inn Denver North/Coliseum 1980 N/A
105 Windlands Shopping Center (4) 1975 98.0%
106 Northborough Woods Apartments 1992 98.0%
107 Victory Townhomes 1985 100.0%
108 Madison Building 1971 79.0%
109 Dairy Plaza Shopping Center 1996 95.0%
110 Comfort Inn - Concord, NH 1989 N/A
111 Peconic Plaza 1987 97.0%
112 Bayou Village Apartments 1990 89.0%
113 Country Suites - Chattanooga, TN 1994 N/A
114 Southlake Plaza II 1996 100.0%
115 531 West Deming 1965 98.0%
116 Camelot Apartments 1987 96.0%
117 Sevilla Apartments 1983 92.0%
118 The Way III Apartments 1997 99.0%
119 Glenview Office and Industrial Park 1987 98.0%
120 Hampton Inn - Decatur, AL 1994 N/A
121 Mission Industrial Park (1H) 1975 100.0%
122 Jurupa Business Park (1H) 1987 91.0%
123 Colony Square Shopping Center 1988 100.0%
124 Vintage Business Park 1996 94.0%
125 Bruno's Shopping Center 1993 100.0%
126 Crossroads Shopping Center 1997 100.0%
127 High Country Plaza 1987 100.0%
128 Marina Del Rey Industrial 1985 100.0%
129 St. Charles Apartments (1I) 1996 100.0%
130 St. James Apartments (1I) 1996 100.0%
131 Plaza at Sunrise 1990 87.0%
132 Shannon Arms III Apartments 1985 100.0%
133 River Valley Square Shopping Center 1991 100.0%
134 Rio Commercial Center 1980 99.0%
135 Alexis Apartments 1996 99.0%
136 Beltway Plaza 4710 1988 96.0%
137 Casa Linda MHP 1975 98.0%
138 Mesa Ridge Apartments 1996 90.0%
139 Vintage Business Park II 1985 100.0%
140 Mountain Village Shopping Center 1998 100.0%
141 Rock River Tower Apartments 1964 96.0%
142 Durango Plaza Retail Center 1997 77.0%
143 Beatrice Avenue Industrial 1996 100.0%
144 Miller Apartments 1978 97.0%
145 University Square Outlet Mall 1983 94.0%
146 Ridgewood Plaza Shopping Center 1997 65.0%
147 Chase Village Apartments 1980 99.0%
<CAPTION>
Appraised Cut-off Date U/W U/W
# Property Name (1) Value LTV Ratio NCF(7) DSCR(8)
--- ----------------- --------- ------------ ------ -------
<S> <C> <C> <C> <C> <C>
74 Plantation Meadows Apartments $ 7,300,000 80.0% $ 647,710 1.41x
75 Gresham Townhomes $ 7,200,000 78.2% $ 604,764 1.36x
76 Lakewood Apartments $ 9,300,000 60.1% $ 752,027 1.67x
77 Super 8 - Las Vegas, NV $13,150,000 41.0% $1,147,400 2.28x
78 Imperial Plaza Shopping Center $ 6,950,000 77.4% $ 563,328 1.31x
79 Thunder Hollow $ 7,100,000 75.8% $ 560,489 1.30x
80 K-Mart $ 6,750,000 77.6% $ 616,502 1.20x
81 Woodlake Village Apartments $ 6,750,000 77.6% $ 538,702 1.33x
82 Trabuco Marketplace $ 7,300,000 71.2% $ 582,125 1.47x
83 Indian Valley Apartments $ 7,100,000 73.1% $ 585,852 1.42x
84 Flamingo West Center $ 7,700,000 67.4% $ 804,767 1.81x
85 Mill Creek Shopping Center $ 7,200,000 71.7% $ 653,397 1.29x
86 High Vista Apartments $ 6,900,000 73.8% $ 625,704 1.54x
87 Woodland Office Center $ 8,300,000 61.3% $ 554,375 1.31x
88 Bayfair Apartments $ 7,000,000 72.6% $ 562,480 1.36x
89 University Green Apartments $ 6,300,000 79.3% $ 509,363 1.31x
90 El Dorado Mobile Home Estates $10,300,000 48.5% $ 839,709 2.20x
91 Holiday Inn - Danbury, CT $ 7,330,000 68.0% $ 681,493 1.54x
92 Country Inn & Suites Hotel $ 9,600,000 51.9% $ 738,031 1.38x
93 Center Ridge Apartments $ 6,320,000 75.9% $ 531,420 1.36x
94 Marriott Commerce Building $ 7,825,000 61.2% $ 601,615 1.37x
95 Silicon Valley Inn & Suites $ 8,550,000 55.0% $ 691,843 1.68x
96 Best Western - Sunnyvale $ 7,700,000 59.7% $ 694,251 1.71x
97 Golden Valley Commons $ 6,100,000 74.5% $ 480,378 1.32x
98 West Park Place $ 7,000,000 64.1% $ 577,860 1.54x
99 Naperville Office Court $ 5,935,000 75.6% $ 546,704 1.50x
100 Holiday Inn Express - Mountain View, CA $ 7,000,000 62.8% $ 673,560 1.60x
101 Best Buy / Drug Emporium $ 5,680,000 74.2% $ 499,976 1.36x
102 Medical Arts Building $ 5,200,000 79.6% $ 432,481 1.25x
103 Comfort Inn - Sunnyvale $ 5,900,000 69.5% $ 606,091 1.67x
104 Holiday Inn Denver North/Coliseum $12,000,000 34.0% $ 485,279 1.31x
105 Windlands Shopping Center (4) $ 4,900,000 79.6% $ 414,798 1.27x
106 Northborough Woods Apartments $ 5,500,000 70.6% $ 396,203 1.28x
107 Victory Townhomes $ 4,850,000 79.1% $ 414,388 1.35x
108 Madison Building $ 5,200,000 73.7% $ 399,771 1.20x
109 Dairy Plaza Shopping Center $ 4,700,000 79.7% $ 433,916 1.34x
110 Comfort Inn - Concord, NH $ 5,000,000 74.9% $ 613,068 1.93x
111 Peconic Plaza $ 4,950,000 74.1% $ 415,316 1.31x
112 Bayou Village Apartments $ 4,900,000 73.4% $ 410,978 1.43x
113 Country Suites - Chattanooga, TN $ 5,330,000 66.5% $ 504,628 1.63x
114 Southlake Plaza II $ 4,700,000 75.1% $ 437,246 1.51x
115 531 West Deming $ 4,800,000 72.9% $ 390,537 1.43x
116 Camelot Apartments $ 4,300,000 81.2% $ 396,220 1.41x
117 Sevilla Apartments $ 4,400,000 79.3% $ 358,395 1.28x
118 The Way III Apartments $ 5,150,000 67.7% $ 476,844 1.60x
119 Glenview Office and Industrial Park $ 4,500,000 76.8% $ 345,103 1.28x
120 Hampton Inn - Decatur, AL $ 5,450,000 63.1% $ 531,020 1.44x
121 Mission Industrial Park (1H) $ 2,470,000 74.9% $ 236,480 1.54x
122 Jurupa Business Park (1H) $ 2,060,000 75.0% $ 185,326 1.47x
123 Colony Square Shopping Center $ 4,950,000 68.5% $ 373,469 1.27x
124 Vintage Business Park $ 4,755,000 71.2% $ 474,225 1.62x
125 Bruno's Shopping Center $ 5,050,000 64.3% $ 385,943 1.24x
126 Crossroads Shopping Center $ 4,160,000 77.1% $ 364,317 1.31x
127 High Country Plaza $ 4,350,000 73.6% $ 376,116 1.49x
128 Marina Del Rey Industrial $ 4,400,000 72.7% $ 361,154 1.42x
129 St. Charles Apartments (1I) $ 2,150,000 74.1% $ 191,952 1.32x
130 St. James Apartments (1I) $ 1,900,000 83.8% $ 163,167 1.12x
131 Plaza at Sunrise $ 4,875,000 62.4% $ 423,549 1.61x
132 Shannon Arms III Apartments $ 3,850,000 78.9% $ 335,465 1.37x
133 River Valley Square Shopping Center $ 3,900,000 76.1% $ 361,606 1.49x
134 Rio Commercial Center $ 4,040,000 73.2% $ 339,988 1.35x
135 Alexis Apartments $ 4,111,000 71.6% $ 327,592 1.37x
136 Beltway Plaza 4710 $ 4,000,000 73.0% $ 375,454 1.60x
137 Casa Linda MHP $ 3,630,000 79.3% $ 315,848 1.34x
138 Mesa Ridge Apartments $ 3,650,000 78.0% $ 303,816 1.23x
139 Vintage Business Park II $ 3,833,000 74.3% $ 348,556 1.53x
140 Mountain Village Shopping Center $ 3,845,000 73.8% $ 321,965 1.32x
141 Rock River Tower Apartments $ 3,500,000 79.9% $ 301,933 1.44x
142 Durango Plaza Retail Center $ 4,830,000 57.9% $ 365,732 1.51x
143 Beatrice Avenue Industrial $ 4,100,000 66.9% $ 345,962 1.44x
144 Miller Apartments $ 4,150,000 65.4% $ 282,282 1.30x
145 University Square Outlet Mall $ 4,100,000 65.9% $ 315,462 1.40x
146 Ridgewood Plaza Shopping Center $ 4,900,000 55.0% $ 357,430 1.64x
147 Chase Village Apartments $ 3,500,000 76.9% $ 293,486 1.32x
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Units
Sq. Ft./
Rooms/ Fee Simple/
# Property Name (1) Property Type Pads Leasehold
--- ----------------- ------------- -------- -----------
<S> <C> <C> <C> <C>
148 Warsaw Village Retail 60,300 Fee
149 Provident Place Office Building Office 40,394 Fee
150 920 Waukegan Road Office 18,939 Fee
151 Amberley Suites Hotel 110 Fee
152 Rite Aid - Kennebunk (5) Credit Tenant Lease 12,240 Fee
153 Stuart Towne Apartments Multifamily 96 Fee
154 Santa Ana Villas Multifamily 130 Fee
155 Orland Park Outlots Retail 21,200 Fee
156 Brazos Square Shopping Center Retail 65,423 Fee
157 Community Mall Office 38,746 Fee
158 Comfort Inn - Fife, WA Hotel 70 Fee
159 Aspen Business Park Office 51,500 Fee
160 Hampton Inn - Ft. Pierce, FL Hotel 72 Fee
161 Oak Tree Mobile Home Park Manufactured Housing 260 Fee
162 Walnut Square Apartments Multifamily 92 Fee
163 Royal Oaks Mobile Home Park Manufactured Housing 141 Fee
164 Plymouth Square Apartments Multifamily 68 Fee
165 Watchung View Apartments Multifamily 68 Fee
166 Embassy Apartments Multifamily 106 Fee
167 Best Buy - West Dundee Retail 36,262 Fee
168 1400 Destrehan Avenue Industrial 87,609 Fee
169 Breckenridge Apartments Multifamily 68 Fee
170 Rosemont Terrace Apartments Multifamily 100 Fee
171 Days Inn - Dover, DE Hotel 81 Fee
172 Iberia Center Retail 9,872 Fee
173 Shadydale Village Mobile Home Park Manufactured Housing 214 Fee
174 Park Terrace Shopping Center Retail 24,813 Fee
175 Hanover Village Apartments Multifamily 152 Fee
176 Harlem Furniture Retail 20,198 Fee
177 Travelodge Sea - Tac Hotel 72 Fee
178 Tree Tops Apartments Multifamily 102 Fee
179 Old Town Place Apartments Multifamily 88 Fee
180 The Meadows Apartments Multifamily 88 Fee
181 Chapman & Feldner Shopping Center Retail 15,557 Fee
182 BCH Office Building Office 40,068 Fee
183 Colonial Pines MHP Manufactured Housing 176 Fee
184 NationsBank Professional Center Office 25,619 Fee
185 Belmeade Office Warehouse Mixed Use 58,800 Fee
186 Central Building Office 30,804 Fee
187 710 Amsterdam Avenue Multifamily 18 Fee
188 Sandstone Apartments & Vista Norte
Apartments Multifamily 97 Fee
189 Highland Park Place II Shopping Center Retail 22,280 Fee
190 Salem Creek Apartments Multifamily 78 Fee
191 Country Greens Apartments Multifamily 116 Fee
192 Quail Ridge Apartments Multifamily 104 Fee
193 Harold Gilstrap Shopping Center Retail 83,131 Leasehold
194 Sahara West Plaza Retail 29,156 Fee
195 Walgreens at Mission & 23rd Street Retail 23,000 Fee
196 Comfort Inn - Bangor, ME Hotel 96 Fee
197 Econolodge - Bangor, ME Hotel 127 Fee
198 Point Clinton Office 20,296 Fee
199 Rite Aid - North Conway Credit Tenant Lease 11,180 Fee
200 Ravenscroft Apartments Multifamily 75 Fee
201 Coach Country Corral MHP Manufactured Housing 82 Fee
202 Taft and Cleveland Paradise Apartments Multifamily 70 Fee
203 Kerr Station Village Mixed Use 37,297 Fee
204 700 1/2-708 Steamboat Road Multifamily 29 Fee
205 Tyrone Village MHP Manufactured Housing 110 Fee
206 Meadow Run Apartments Multifamily 96 Fee
207 45 Church Street Office 24,978 Fee
208 New Brunswick Apartments Multifamily 71 Fee
209 Fiesta RV Resort Manufactured Housing 200 Fee
210 Cedar Place Office Park Office 29,013 Fee
211 Oak Hollow Mobile Home Park Manufactured Housing 88 Fee
212 Centerline Plaza Apartments Multifamily 61 Fee
213 Gottschalk's Department Store Retail 40,000 Fee
214 Southport Place Office 16,182 Fee
215 Bell Building Office 25,066 Fee
216 Days Inn - Bangor, ME Hotel 101 Fee
217 Stratford Shopping Center Retail 31,500 Fee
218 Country Aire Manor Manufactured Housing 69 Fee
219 Corlett Creek Apartments Multifamily 77 Fee
220 Anchor Bay Apartments Multifamily 58 Fee
221 Tall Pines Shopping Center Retail 50,246 Fee
<CAPTION>
Later of Occupancy
Year Built/ Rate at
# Property Name (1) Year Renovated U/W (6)
--- ----------------- -------------- ---------
<S> <C> <C> <C>
148 Warsaw Village 1992 100.0%
149 Provident Place Office Building 1986 100.0%
150 920 Waukegan Road 1991 100.0%
151 Amberley Suites 1998 N/A
152 Rite Aid - Kennebunk (5) 1998 100.0%
153 Stuart Towne Apartments 1968 97.0%
154 Santa Ana Villas 1972 94.0%
155 Orland Park Outlots 1996 86.0%
156 Brazos Square Shopping Center 1985 92.0%
157 Community Mall 1978 100.0%
158 Comfort Inn - Fife, WA 1990 N/A
159 Aspen Business Park 1997 97.0%
160 Hampton Inn - Ft. Pierce, FL 1993 N/A
161 Oak Tree Mobile Home Park 1968 99.0%
162 Walnut Square Apartments 1973 98.0%
163 Royal Oaks Mobile Home Park 1962 100.0%
164 Plymouth Square Apartments 1992 98.0%
165 Watchung View Apartments 1996 96.0%
166 Embassy Apartments 1970 94.0%
167 Best Buy - West Dundee 1993 100.0%
168 1400 Destrehan Avenue 1980 100.0%
169 Breckenridge Apartments 1985 96.0%
170 Rosemont Terrace Apartments 1970 91.0%
171 Days Inn - Dover, DE 1997 N/A
172 Iberia Center 1997 100.0%
173 Shadydale Village Mobile Home Park 1973 93.0%
174 Park Terrace Shopping Center 1987 95.0%
175 Hanover Village Apartments 1972 100.0%
176 Harlem Furniture 1998 100.0%
177 Travelodge Sea - Tac 1997 N/A
178 Tree Tops Apartments 1983 88.0%
179 Old Town Place Apartments 1984 100.0%
180 The Meadows Apartments 1971 92.0%
181 Chapman & Feldner Shopping Center 1985 100.0%
182 BCH Office Building 1977 100.0%
183 Colonial Pines MHP 1995 80.0%
184 NationsBank Professional Center 1982 100.0%
185 Belmeade Office Warehouse 1983 100.0%
186 Central Building 1989 100.0%
187 710 Amsterdam Avenue 1984 100.0%
188 Sandstone Apartments & Vista Norte
Apartments 1986 97.0%
189 Highland Park Place II Shopping Center 1996 100.0%
190 Salem Creek Apartments 1986 97.0%
191 Country Greens Apartments 1974 100.0%
192 Quail Ridge Apartments 1996 94.0%
193 Harold Gilstrap Shopping Center 1982 97.0%
194 Sahara West Plaza 1974 97.0%
195 Walgreens at Mission & 23rd Street 1998 100.0%
196 Comfort Inn - Bangor, ME 1996 N/A
197 Econolodge - Bangor, ME 1997 N/A
198 Point Clinton 1992 94.0%
199 Rite Aid - North Conway 1998 100.0%
200 Ravenscroft Apartments 1965 92.0%
201 Coach Country Corral MHP 1971 100.0%
202 Taft and Cleveland Paradise Apartments 1969 100.0%
203 Kerr Station Village 1987 91.0%
204 700 1/2-708 Steamboat Road 1960 97.0%
205 Tyrone Village MHP 1970 96.0%
206 Meadow Run Apartments 1980 98.0%
207 45 Church Street 1997 93.0%
208 New Brunswick Apartments 1932 97.0%
209 Fiesta RV Resort 1983 35.0%
210 Cedar Place Office Park 1986 100.0%
211 Oak Hollow Mobile Home Park 1960 99.0%
212 Centerline Plaza Apartments 1970 95.0%
213 Gottschalk's Department Store 1994 100.0%
214 Southport Place 1985 100.0%
215 Bell Building 1997 100.0%
216 Days Inn - Bangor, ME 1996 N/A
217 Stratford Shopping Center 1997 100.0%
218 Country Aire Manor 1984 100.0%
219 Corlett Creek Apartments 1997 99.0%
220 Anchor Bay Apartments 1970 93.0%
221 Tall Pines Shopping Center 1982 93.0%
<CAPTION>
Appraised Cut-off Date U/W U/W
# Property Name (1) Value LTV Ratio NCF(7) DSCR(8)
--- ----------------- --------- ------------ ------ -------
<S> <C> <C> <C> <C> <C>
148 Warsaw Village $3,635,000 72.9% $317,284 1.48x
149 Provident Place Office Building $3,550,000 74.6% $280,033 1.35x
150 920 Waukegan Road $3,575,000 74.0% $298,729 1.42x
151 Amberley Suites $4,100,000 64.4% $450,185 1.59x
152 Rite Aid - Kennebunk (5) $2,860,000 91.3% $248,105 1.12x
153 Stuart Towne Apartments $3,266,000 79.1% $290,983 1.23x
154 Santa Ana Villas $3,535,000 72.1% $284,014 1.44x
155 Orland Park Outlots $3,700,000 67.3% $273,197 1.33x
156 Brazos Square Shopping Center $4,700,000 53.0% $412,383 1.95x
157 Community Mall $3,700,000 67.0% $396,980 1.28x
158 Comfort Inn - Fife, WA $3,400,000 72.0% $353,535 1.63x
159 Aspen Business Park $3,260,000 74.3% $255,209 1.30x
160 Hampton Inn - Ft. Pierce, FL $3,250,000 73.8% $300,937 1.43x
161 Oak Tree Mobile Home Park $3,590,000 66.8% $302,298 1.53x
162 Walnut Square Apartments $3,100,000 77.2% $263,608 1.41x
163 Royal Oaks Mobile Home Park $3,300,000 71.2% $253,374 1.44x
164 Plymouth Square Apartments $2,925,000 79.7% $254,139 1.26x
165 Watchung View Apartments $2,975,000 77.5% $255,005 1.37x
166 Embassy Apartments $2,925,000 77.5% $271,706 1.63x
167 Best Buy - West Dundee $4,000,000 56.2% $333,746 1.84x
168 1400 Destrehan Avenue $2,775,000 80.1% $234,239 1.29x
169 Breckenridge Apartments $2,950,000 72.2% $227,096 1.37x
170 Rosemont Terrace Apartments $3,010,000 70.6% $234,290 1.38x
171 Days Inn - Dover, DE $3,050,000 68.9% $274,488 1.48x
172 Iberia Center $3,000,000 70.0% $249,946 1.49x
173 Shadydale Village Mobile Home Park $2,970,000 70.6% $224,851 1.25x
174 Park Terrace Shopping Center $2,700,000 77.7% $224,109 1.35x
175 Hanover Village Apartments $3,450,000 60.7% $250,903 1.50x
176 Harlem Furniture $2,800,000 74.7% $268,835 1.35x
177 Travelodge Sea - Tac $3,100,000 67.5% $301,595 1.57x
178 Tree Tops Apartments $4,200,000 49.7% $239,256 1.37x
179 Old Town Place Apartments $2,850,000 72.9% $267,705 1.56x
180 The Meadows Apartments $2,630,000 78.3% $214,137 1.30x
181 Chapman & Feldner Shopping Center $2,900,000 68.9% $237,244 1.37x
182 BCH Office Building $2,750,000 72.6% $235,567 1.39x
183 Colonial Pines MHP $2,890,000 69.0% $210,868 1.33x
184 NationsBank Professional Center $2,650,000 73.5% $209,516 1.37x
185 Belmeade Office Warehouse $2,630,000 74.1% $226,176 1.36x
186 Central Building $3,000,000 64.2% $243,777 1.31x
187 710 Amsterdam Avenue $2,500,000 76.5% $209,662 1.40x
188 Sandstone Apartments & Vista Norte
Apartments $2,550,000 74.5% $212,489 1.49x
189 Highland Park Place II Shopping Center $2,450,000 75.4% $236,321 1.56x
190 Salem Creek Apartments $2,375,000 77.7% $225,165 1.49x
191 Country Greens Apartments $2,420,000 76.1% $234,150 1.48x
192 Quail Ridge Apartments $2,410,000 76.2% $195,528 1.34x
193 Harold Gilstrap Shopping Center $2,600,000 69.1% $260,497 1.71x
194 Sahara West Plaza $2,500,000 71.8% $218,878 1.47x
195 Walgreens at Mission & 23rd Street $3,400,000 52.8% $264,270 1.66x
196 Comfort Inn - Bangor, ME $2,700,000 66.5% $245,290 1.52x
197 Econolodge - Bangor, ME $2,750,000 65.3% $264,514 1.64x
198 Point Clinton $2,400,000 74.7% $211,385 1.22x
199 Rite Aid - North Conway $1,960,000 89.3% $172,524 1.06x
200 Ravenscroft Apartments $2,350,000 74.3% $179,789 1.35x
201 Coach Country Corral MHP $2,375,000 73.4% $198,945 1.32x
202 Taft and Cleveland Paradise Apartments $2,180,000 79.8% $197,084 1.29x
203 Kerr Station Village $2,650,000 64.2% $188,451 1.32x
204 700 1/2-708 Steamboat Road $2,200,000 77.3% $198,831 1.35x
205 Tyrone Village MHP $2,100,000 81.0% $196,751 1.45x
206 Meadow Run Apartments $2,100,000 80.7% $208,972 1.51x
207 45 Church Street $2,500,000 67.7% $205,288 1.37x
208 New Brunswick Apartments $2,425,000 69.0% $197,755 1.47x
209 Fiesta RV Resort $2,200,000 74.9% $212,765 1.48x
210 Cedar Place Office Park $2,400,000 68.7% $183,644 1.39x
211 Oak Hollow Mobile Home Park $2,300,000 71.6% $200,748 1.45x
212 Centerline Plaza Apartments $2,330,000 70.4% $178,938 1.38x
213 Gottschalk's Department Store $2,300,000 70.0% $195,623 1.37x
214 Southport Place $2,150,000 74.4% $185,686 1.26x
215 Bell Building $2,140,000 74.7% $174,229 1.36x
216 Days Inn - Bangor, ME $2,285,000 69.9% $221,866 1.56x
217 Stratford Shopping Center $2,200,000 72.5% $196,996 1.49x
218 Country Aire Manor $2,050,000 77.8% $164,663 1.27x
219 Corlett Creek Apartments $1,960,000 80.4% $190,460 1.46x
220 Anchor Bay Apartments $2,160,000 72.1% $163,121 1.32x
221 Tall Pines Shopping Center $2,000,000 76.8% $217,293 1.49x
</TABLE>
<PAGE>
Descriptions of the Mortgaged Properties
<TABLE>
<CAPTION>
Units/
Sq. Ft./
Rooms/ Fee Simple/
# Property Name (1) Property Type Pads Leasehold
--- ----------------- ------------- -------- -----------
<S> <C> <C> <C> <C>
222 Skyline Professional Building Office 24,881 Fee
223 Southwood Acres MHP Manufactured Housing 101 Fee
224 Nalbert Apartments Multifamily 34 Fee
225 Ware's Van & Storage Co. Industrial 56,600 Fee
226 1220 South University Avenue Retail 20,023 Fee
227 49 Commerce Drive / 81 Ethan Allen Drive Industrial 44,425 Fee
228 3211 Battleground Retail 10,000 Fee
229 Gardner Building Industrial 56,400 Fee
230 778 Main Street Office 28,837 Fee
231 Walton Village Plaza Shopping Cener Retail 40,126 Fee
232 Briarwood Apartments Multifamily 70 Fee
233 Rancho Santa Fe Shopping Center Retail 13,727 Fee
234 Winston Place Apartments Multifamily 80 Fee
235 Hondo Park Apartments Multifamily 67 Fee
236 Allegheny Apartments Multifamily 54 Fee
237 Huntington North Apartments Multifamily 48 Fee
238 Rite Aid - Yarmouth Credit Tenant Lease 11,180 Leasehold
239 Sylvan Apartments Multifamily 48 Fee
240 Finger Lakes/Farmington Court Apartments Multifamily 64 Fee
241 Woodlake Resort Village Apartments Multifamily 50 Fee
242 Walnut Villas Apartments Multifamily 100 Fee
243 Portsmouth Place Apartments Multifamily 48 Fee
244 70 Warren Avenue Multifamily 36 Fee
245 Martinsville Plaza Retail 11,750 Fee
246 Route 66 Business World Retail 21,825 Fee
247 Woodwinds Condominiums Multifamily 53 Fee
248 Car Engineering Building Industrial 37,000 Leasehold
249 Executive Townhomes Multifamily 61 Fee
250 Parkside Place Apartments Multifamily 84 Fee
251 College Square Apartments Multifamily 70 Fee
252 Hartford Crossing Shopping Center Retail 40,272 Fee
253 Cypress Plaza Shopping Center Retail 91,637 Fee
254 Sarasota Place Apartments Multifamily 48 Fee
255 Clayton Forest Apartments Multifamily 64 Fee
256 Checker Auto Parts Retail 14,000 Fee
257 Southpointe Shopping Center Retail 42,648 Fee
258 Maple Court Apartments Multifamily 34 Fee
259 Crestwood MHP Manufactured Housing 60 Fee
260 Hyde Park Apartments Multifamily 60 Fee
261 Allen Medical Building Office 15,000 Fee
262 Canyon View Offices Office 15,531 Fee
263 Firehouse Square Retail 21,020 Fee
264 Plymouth Place Plaza Retail 17,400 Fee
265 Meridian Mobile Home Park Manufactured Housing 51 Fee
266 Country Mobile Estates Manufactured Housing 78 Fee
267 Village Apartments Multifamily 100 Leasehold
268 Ackels Mobile Home Park Manufactured Housing 116 Fee
269 Redford Manor Apartments Multifamily 32 Fee
270 Doms Business Park Office 25,854 Fee
271 Bradfield Creek Apartments Multifamily 26 Fee
272 San Remo Apartments Multifamily 16 Fee
273 Consolidated Printing Industrial 21,600 Fee
274 Knightsbridge Apartments Multifamily 54 Fee
275 Whispering Meadows Multifamily 31 Fee
276 Buckingham Court Apartments Multifamily 52 Fee
277 Homestead Apartments Multifamily 100 Fee
278 4th Avenue West Estates Manufactured Housing 35 Fee
279 Long Point Plaza Apartments Multifamily 85 Fee
280 Treaty Oaks Apartments Multifamily 48 Fee
281 Wilshire Estates MHP Manufactured Housing 172 Fee
282 Hollywood Video Retail 7,000 Fee
283 5 Milk Street Office 25,106 Fee
284 Cardi Building Office 20,548 Fee
285 Boulevard of Chevy Chase Apartments Multifamily 14 Fee
286 10 McKinley Street Office 12,180 Fee
287 Londonaire Townhouses Multifamily 48 Fee
288 Heon Court Apartments Multifamily 24 Fee
289 One Cameron Place Retail 8,732 Fee
290 197 U.S. Route One Mixed Use 22,965 Fee
291 980 Forest Avenue Office 19,108 Fee
292 Chandler's Crossing Apartments Multifamily 46 Fee
293 Kingswood Apartments Multifamily 32 Fee
294 4525-4535 McEwen Road Industrial 36,122 Fee
295 Doms Metroplex Park Industrial 23,573 Fee
<CAPTION>
Later of Occupancy
Year Built/ Rate at
# Property Name (1) Year Renovated U/W (6)
--- ----------------- -------------- ---------
<S> <C> <C> <C>
222 Skyline Professional Building 1989 99.0%
223 Southwood Acres MHP 1992 95.0%
224 Nalbert Apartments 1949 100.0%
225 Ware's Van & Storage Co. 1986 100.0%
226 1220 South University Avenue 1986 100.0%
227 49 Commerce Drive / 81 Ethan Allen Drive 1997 93.0%
228 3211 Battleground 1997 100.0%
229 Gardner Building 1995 100.0%
230 778 Main Street 1988 100.0%
231 Walton Village Plaza Shopping Cener 1989 100.0%
232 Briarwood Apartments 1974 99.0%
233 Rancho Santa Fe Shopping Center 1996 100.0%
234 Winston Place Apartments 1975 98.0%
235 Hondo Park Apartments 1998 95.0%
236 Allegheny Apartments 1997 100.0%
237 Huntington North Apartments 1973 100.0%
238 Rite Aid - Yarmouth 1998 100.0%
239 Sylvan Apartments 1997 96.0%
240 Finger Lakes/Farmington Court Apartments 1966 98.0%
241 Woodlake Resort Village Apartments 1994 94.0%
242 Walnut Villas Apartments 1971 99.0%
243 Portsmouth Place Apartments 1987 100.0%
244 70 Warren Avenue 1993 100.0%
245 Martinsville Plaza 1994 100.0%
246 Route 66 Business World 1994 100.0%
247 Woodwinds Condominiums 1983 98.0%
248 Car Engineering Building 1997 100.0%
249 Executive Townhomes 1978 97.0%
250 Parkside Place Apartments 1997 99.0%
251 College Square Apartments 1971 97.0%
252 Hartford Crossing Shopping Center 1998 97.0%
253 Cypress Plaza Shopping Center 1967 75.0%
254 Sarasota Place Apartments 1991 100.0%
255 Clayton Forest Apartments 1993 94.0%
256 Checker Auto Parts 1998 100.0%
257 Southpointe Shopping Center 1990 78.0%
258 Maple Court Apartments 1965 100.0%
259 Crestwood MHP 1987 100.0%
260 Hyde Park Apartments 1965 100.0%
261 Allen Medical Building 1984 100.0%
262 Canyon View Offices 1977 95.0%
263 Firehouse Square 1988 71.0%
264 Plymouth Place Plaza 1986 100.0%
265 Meridian Mobile Home Park 1981 100.0%
266 Country Mobile Estates 1968 100.0%
267 Village Apartments 1970 92.0%
268 Ackels Mobile Home Park 1995 99.0%
269 Redford Manor Apartments 1961 100.0%
270 Doms Business Park 1987 100.0%
271 Bradfield Creek Apartments 1982 100.0%
272 San Remo Apartments 1993 100.0%
273 Consolidated Printing 1998 100.0%
274 Knightsbridge Apartments 1989 100.0%
275 Whispering Meadows 1986 100.0%
276 Buckingham Court Apartments 1983 100.0%
277 Homestead Apartments 1972 100.0%
278 4th Avenue West Estates 1996 100.0%
279 Long Point Plaza Apartments 1960 95.0%
280 Treaty Oaks Apartments 1963 92.0%
281 Wilshire Estates MHP 1972 100.0%
282 Hollywood Video 1997 100.0%
283 5 Milk Street 1982 100.0%
284 Cardi Building 1985 100.0%
285 Boulevard of Chevy Chase Apartments 1989 100.0%
286 10 McKinley Street 1975 93.0%
287 Londonaire Townhouses 1998 92.0%
288 Heon Court Apartments 1997 100.0%
289 One Cameron Place 1986 100.0%
290 197 U.S. Route One 1974 95.0%
291 980 Forest Avenue 1976 91.0%
292 Chandler's Crossing Apartments 1998 98.0%
293 Kingswood Apartments 1968 100.0%
294 4525-4535 McEwen Road 1996 100.0%
295 Doms Metroplex Park 1990 100.0%
<CAPTION>
Appraised Cut-off Date U/W U/W
# Property Name (1) Value LTV Ratio NCF(7) DSCR(8)
--- ----------------- --------- ------------ ------ -------
<S> <C> <C> <C> <C> <C>
222 Skyline Professional Building $2,050,000 74.2% $184,180 1.43x
223 Southwood Acres MHP $2,325,000 65.2% $236,617 1.99x
224 Nalbert Apartments $1,900,000 79.8% $185,003 1.41x
225 Ware's Van & Storage Co. $2,000,000 75.0% $183,158 1.35x
226 1220 South University Avenue $2,350,000 63.8% $167,102 1.40x
227 49 Commerce Drive/81 Ethan Allen Drive $2,000,000 74.8% $215,809 1.35x
228 3211 Battleground $2,000,000 74.5% $182,744 1.21x
229 Gardner Building $2,325,000 63.1% $214,245 1.68x
230 778 Main Street $1,950,000 74.4% $156,331 1.30x
231 Walton Village Plaza Shopping Cener $3,575,000 40.6% $269,224 1.72x
232 Briarwood Apartments $2,050,000 70.7% $173,713 1.57x
233 Rancho Santa Fe Shopping Center $2,040,000 70.9% $153,310 1.24x
234 Winston Place Apartments $1,850,000 77.7% $162,495 1.45x
235 Hondo Park Apartments $2,090,000 68.2% $146,241 1.27x
236 Allegheny Apartments $1,850,000 76.8% $156,527 1.39x
237 Huntington North Apartments $1,878,000 75.5% $175,824 1.30x
238 Rite Aid - Yarmouth $1,620,000 87.5% $142,495 1.14x
239 Sylvan Apartments $1,850,000 75.6% $179,016 1.64x
240 Finger Lakes/Farmington Court Apartments $1,900,000 73.6% $164,818 1.58x
241 Woodlake Resort Village Apartments $1,800,000 77.7% $153,811 1.33x
242 Walnut Villas Apartments $2,000,000 69.9% $167,156 1.53x
243 Portsmouth Place Apartments $1,750,000 79.7% $166,053 1.42x
244 70 Warren Avenue $1,730,000 79.2% $171,244 1.41x
245 Martinsville Plaza $2,050,000 65.8% $134,690 1.26x
246 Route 66 Business World $1,800,000 73.4% $155,566 1.33x
247 Woodwinds Condominiums $2,450,000 53.2% $155,449 1.53x
248 Car Engineering Building $1,750,000 74.3% $174,441 1.51x
249 Executive Townhomes $2,100,000 61.9% $178,812 1.55x
250 Parkside Place Apartments $1,800,000 72.2% $164,658 1.34x
251 College Square Apartments $2,100,000 61.9% $177,402 1.94x
252 Hartford Crossing Shopping Center $1,760,000 73.6% $135,737 1.25x
253 Cypress Plaza Shopping Center $5,010,000 25.7% $361,394 1.98x
254 Sarasota Place Apartments $1,625,000 78.1% $155,842 1.40x
255 Clayton Forest Apartments $1,600,000 78.0% $129,267 1.31x
256 Checker Auto Parts $2,037,000 61.1% $159,183 1.33x
257 Southpointe Shopping Center $2,350,000 52.5% $212,607 1.35x
258 Maple Court Apartments $1,650,000 74.1% $142,890 1.45x
259 Crestwood MHP $1,700,000 71.9% $125,378 1.31x
260 Hyde Park Apartments $1,525,000 79.8% $166,704 1.74x
261 Allen Medical Building $1,950,000 62.3% $176,220 1.29x
262 Canyon View Offices $1,700,000 70.6% $169,489 1.56x
263 Firehouse Square $1,500,000 79.9% $145,895 1.40x
264 Plymouth Place Plaza $1,600,000 74.8% $142,544 1.36x
265 Meridian Mobile Home Park $1,630,000 73.4% $127,952 1.25x
266 Country Mobile Estates $2,300,000 50.9% $190,203 1.87x
267 Village Apartments $1,665,000 67.5% $152,975 1.53x
268 Ackels Mobile Home Park $2,500,000 44.0% $246,133 2.79x
269 Redford Manor Apartments $1,400,000 78.1% $121,735 1.38x
270 Doms Business Park $1,730,000 62.4% $131,645 1.37x
271 Bradfield Creek Apartments $1,540,000 68.1% $130,983 1.41x
272 San Remo Apartments $1,300,000 79.8% $126,351 1.52x
273 Consolidated Printing $1,400,000 73.2% $135,244 1.41x
274 Knightsbridge Apartments $1,260,000 79.4% $115,110 1.33x
275 Whispering Meadows $1,250,000 79.8% $114,626 1.31x
276 Buckingham Court Apartments $1,420,000 70.3% $121,543 1.47x
277 Homestead Apartments $1,300,000 76.7% $102,777 1.28x
278 4th Avenue West Estates $1,600,000 62.3% $132,903 1.24x
279 Long Point Plaza Apartments $1,240,000 77.3% $123,475 1.33x
280 Treaty Oaks Apartments $1,300,000 73.1% $118,484 1.41x
281 Wilshire Estates MHP $1,360,000 69.4% $139,610 1.34x
282 Hollywood Video $1,260,000 73.2% $114,457 1.28x
283 5 Milk Street $1,775,000 50.7% $113,342 1.42x
284 Cardi Building $1,300,000 69.2% $106,667 1.34x
285 Boulevard of Chevy Chase Apartments $1,150,000 78.1% $ 95,177 1.30x
286 10 McKinley Street $1,160,000 73.3% $ 96,493 1.28x
287 Londonaire Townhouses $1,100,000 77.2% $ 97,434 1.54x
288 Heon Court Apartments $1,060,000 79.2% $101,399 1.42x
289 One Cameron Place $1,160,000 71.1% $ 96,834 1.32x
290 197 U.S. Route One $1,100,000 74.9% $101,481 1.41x
291 980 Forest Avenue $1,130,000 71.5% $ 89,544 1.26x
292 Chandler's Crossing Apartments $1,000,000 79.8% $ 94,648 1.34x
293 Kingswood Apartments $1,150,000 68.2% $ 95,122 1.23x
294 4525-4535 McEwen Road $1,140,000 65.8% $ 90,309 1.33x
295 Doms Metroplex Park $1,330,000 56.4% $ 89,803 1.35x
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Units/
Sq. Ft./
Rooms/ Fee Simple/
# Property Name (1) Property Type Pads Leasehold
--- ----------------- ------------- -------- -----------
<S> <C> <C> <C> <C>
296 Baxter Mills Apartments Multifamily 25 Fee
297 Seven Eleven Retail 7,800 Fee
298 Royal North Apartments Multifamily 85 Fee
299 3314 Mount Pleasant Apartments Multifamily 36 Fee
300 Virginia Apartments Multifamily 31 Fee
301 Pagewood Oval Apartments Multifamily 30 Fee
302 Creekview Condominiums Multifamily 22 Fee
303 Park Hill Apartments Multifamily 32 Fee
304 Amherst Gardens Manufactured Housing 53 Fee
305 Arlington Arms Apartments Multifamily 19 Fee
306 Rebecca Apartments Multifamily 50 Fee
307 Barstow Plaza Retail 64,874 Fee
308 Fleur de Lis Apartments Multifamily 31 Fee
309 2602 Penny Lane Multifamily 20 Fee
310 3246 Navarre Avenue Office 9,816 Fee
311 Tara Apartments Multifamily 16 Fee
312 Mark V Apartments Multifamily 16 Fee
313 Hallmark Apartments Multifamily 16 Fee
314 Mirage Apartments Multifamily 18 Fee
315 Main Street Studios Multifamily 5 Fee
316 Summertree Apartments Multifamily 48 Fee
317 Prestige State Bank Retail 3,305 Fee
318 Masonic Temple Office 17,074 Fee
Total/Weighted Average
Maximum:
Minimum:
<CAPTION>
Later of Occupancy
Year Built/ Rate at
# Property Name (1) Year Renovated U/W (6)
--- ----------------- -------------- ---------
<S> <C> <C> <C>
296 Baxter Mills Apartments 1990 100.0%
297 Seven Eleven 1996 100.0%
298 Royal North Apartments 1997 98.0%
299 3314 Mount Pleasant Apartments 1922 100.0%
300 Virginia Apartments 1996 100.0%
301 Pagewood Oval Apartments 1998 100.0%
302 Creekview Condominiums 1984 100.0%
303 Park Hill Apartments 1986 100.0%
304 Amherst Gardens 1950 100.0%
305 Arlington Arms Apartments 1996 100.0%
306 Rebecca Apartments 1992 92.0%
307 Barstow Plaza 1974 85.0%
308 Fleur de Lis Apartments 1973 100.0%
309 2602 Penny Lane 1995 100.0%
310 3246 Navarre Avenue 1988 100.0%
311 Tara Apartments 1980 100.0%
312 Mark V Apartments 1969 100.0%
313 Hallmark Apartments 1997 100.0%
314 Mirage Apartments 1998 100.0%
315 Main Street Studios 1997 100.0%
316 Summertree Apartments 1974 96.0%
317 Prestige State Bank 1997 100.0%
318 Masonic Temple 1971 94.0%
Total/Weighted Average 1988 95.9%
==============================================
Maximum: 1998 100.0% 100.0% 100.0%
Minimum: 1922 35.0% 0.0% 35.0%
<CAPTION>
Appraised Cut-off Date U/W U/W
# Property Name (1) Value LTV Ratio NCF(7) DSCR(8)
--- ----------------- --------- ------------ ------ -------
<S> <C> <C> <C> <C> <C>
296 Baxter Mills Apartments $925,000 79.9% $92,454 1.42x
297 Seven Eleven $985,000 73.5% $84,552 1.36x
298 Royal North Apartments $980,000 73.6% $92,310 1.37x
299 3314 Mount Pleasant Apartments $950,000 74.6% $87,541 1.35x
300 Virginia Apartments $880,000 79.5% $87,729 1.43x
301 Pagewood Oval Apartments $960,000 70.2% $86,977 1.48x
302 Creekview Condominiums $790,000 79.7% $80,206 1.44x
303 Park Hill Apartments $940,000 65.4% $72,749 1.58x
304 Amherst Gardens $1,000,000 59.9% $94,905 1.82x
305 Arlington Arms Apartments $740,000 79.0% $66,559 1.34x
306 Rebecca Apartments $700,000 74.7% $72,425 1.32x
307 Barstow Plaza $2,000,000 25.0% $107,050 2.34x
308 Fleur de Lis Apartments $625,000 79.8% $60,581 1.27x
309 2602 Penny Lane $605,000 79.9% $61,456 1.40x
310 3246 Navarre Avenue $610,000 74.9% $51,751 1.28x
311 Tara Apartments $630,000 71.3% $54,332 1.26x
312 Mark V Apartments $560,000 74.9% $49,057 1.29x
313 Hallmark Apartments $510,000 78.3% $51,245 1.37x
314 Mirage Apartments $485,000 79.9% $46,134 1.28x
315 Main Street Studios $600,000 63.3% $42,386 1.28x
316 Summertree Apartments $525,000 70.5% $46,162 1.31x
317 Prestige State Bank $500,000 71.9% $43,276 1.28x
318 Masonic Temple $560,000 62.4% $44,497 1.40x
Total/Weighted Average $ 16,928,855 71.7% $1,443,870 1.45x
======================================================
Maximum: $ 105,000,000 91.3% $8,387,294 2.79x
Minimum: $ 95,000 25.0% $ 11,043 1.06x
</TABLE>
(1A) The Mortgage Loans secured by 250 South Clinton, Steelway North & South,
1001 and 1011 AIP Drive, Northeast Industrial Building #21, 507 Plum
Street, 3530 East Pike, Northeast Industrial Building #8, Northeast
Industrial Building #22, 4, 5 & 8 Marway, 16725 Square Drive and One
Clinton Square, respectively, are cross-collateralized and
cross-defaulted.
(1B) The Mortgage Loans secured by The Hughes Center at Rancho Niguel and The
Edwards Center at Rancho Niguel, respectively, are cross-collateralized
and cross-defaulted.
(1C) The Mortgage Loans secured by Rivertree Court Shopping Center, Woodland
Heights Shopping Center, Winnetka Commons Shopping Center, Berwyn Plaza
Shopping Center and Walgreen's Store, respectively, are
cross-collateralized and cross-defaulted in a 10 Year Interest Only Loan.
(1D) The Mortgage Loans secured by Blue Ash Portfolio, Springdale Office
Center, Executive Center East and McDonald's, respectively, are
cross-collateralized and cross-defaulted.
(1E) The Mortgage Loans secured by Storage Box/Stowaway Storage and
Maplewood MHP, respectively, are cross-collateralized and
cross-defaulted.
(1F) The Mortgage Loans secured by Run in Foods DP #4, Run in Foods Unit DP#7,
Run in Foods #401, Run in Foods #406, Run in Foods #402, Run in Foods
#403, Run in Foods # 404, Run in Foods Unit #410, respectively, are
cross-collateralized and cross-defaulted. The appraised value of each
such Mortgage Loan includes as estimated enterprise value and an
appraised real estate value. The aggregate of the appraised real estate
values of such Mortgage Loans is $8,910,000.
(1G) The Mortgage Loans secured by Super 8-Midtown, Super 8-East and Super
8-West, respectively, are cross-collateralized and cross-defaulted.
(1H) The Mortgage Loans secured by Mission Industrial Park and Jurupa Business
Park, respectively, are cross-collateralized and cross-defaulted.
(1I) The Mortgage Loans secured by St. Charles Apartments and St. James
Apartments, respectively, are cross-collateralized and cross-defaulted.
(2) Embassy Crossing Shopping Center has an interest only period of 24 months
from origination and thereafter is scheduled to amortize over 336 months.
(3) Green's Corner has an interest only period of 24 months from origination
and thereafter is scheduled to amortize over 336 months.
(4) Windlands Shopping Center has an interest only period of 24 months from
origination and thereafter is scheduled to amortize over 336 months.
(5) The Mortgage Loan secured by Rite Aid - Kennebunk provides for an
increase in the amount of the monthly payment in June 2008. The
Underwritten DSCR presented herein with respect to the mortgage loan is
based on monthly payment in effect as of November 1, 1998.
(6) Does not include any Mortgage Loans secured by hotel properties.
(7) Underwriting NCF reflects the Net Cash Flow after U/W Replacement
Reserves, U/W LC's and TI's and FF&E.
(8) In the case of Rivertree Court Shopping Center, Woodland Heights Shopping
Center, Winnetka Commons Shopping Center, Berwyn Plaza Shopping Center,
Walgreen's Store, Embassy Crossing Shopping Center, Green's Corner and
Windlands Shopping Center the U/W DSCR is based on the amount of the
monthly payments in effect during the interest only period.
<PAGE>
Mortgage Loans by State
<TABLE>
<CAPTION>
Weighted Weighted
Percentage Average Average Weighted
Aggregate of Initial Aggregate Cut-off Weighted Occupancy Average
Number Cut-off Date Pool Appraised Date Aggregate Average Rate at Year Built/
State of Loans Balance (1) Balance Value LTV Ratio U/W NCF (2) U/W DSCR U/W (3) Renovated (4)
- - ----- -------- -------------- ---------- -------------- --------- ------------ --------- --------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
New York 19 $ 154,801,544 13.5% $ 208,145,000 74.6% $ 17,859,305 1.38 x 97.1% 1992
California 40 146,280,556 12.7% 215,390,000 70.5% 17,483,012 1.43 97.2% 1987
Texas 49 126,669,319 11.0% 169,520,000 75.2% 14,580,446 1.38 95.4% 1989
Florida 28 124,531,155 10.8% 163,275,000 76.5% 14,349,634 1.35 92.1% 1989
Illinois 19 114,954,487 10.0% 176,785,000 66.9% 15,740,589 1.67 97.7% 1982
Alabama 8 41,466,616 3.6% 61,650,000 68.4% 5,435,689 1.38 91.5% 1988
Ohio 8 35,221,293 3.1% 48,370,000 73.1% 4,240,107 1.47 97.2% 1991
Michigan 15 33,480,789 2.9% 46,560,000 74.0% 4,007,915 1.46 96.5% 1988
Georgia 10 32,127,477 2.8% 43,160,000 74.7% 3,624,479 1.33 96.1% 1990
New Jersey 15 30,109,909 2.6% 45,175,000 67.4% 3,589,442 1.36 95.5% 1983
Delaware 3 25,094,202 2.2% 38,375,000 65.4% 3,762,951 1.78 95.0% 1997
Nevada 7 24,488,918 2.1% 44,150,000 58.6% 3,845,644 1.84 94.2% 1984
Indiana 6 24,269,700 2.1% 39,400,000 62.2% 3,208,427 1.58 89.4% 1987
Maine 12 20,229,446 1.8% 27,878,000 73.8% 2,466,521 1.34 98.9% 1992
Kentucky 2 18,699,449 1.6% 25,550,000 73.4% 2,575,287 1.56 100.0% 1986
Virginia 6 15,808,290 1.4% 21,465,000 73.7% 1,812,860 1.41 98.4% 1989
Maryland 5 15,466,886 1.3% 20,010,000 77.4% 1,725,680 1.37 96.8% 1994
Washington 10 15,306,626 1.3% 21,955,000 70.6% 1,941,817 1.45 96.6% 1983
Tennessee 3 14,296,114 1.2% 19,745,000 72.7% 1,848,783 1.42 99.3% 1990
Colorado 3 13,312,021 1.2% 25,387,000 58.3% 1,535,085 1.35 84.4% 1991
North Carolina 6 12,911,793 1.1% 19,495,000 67.7% 1,471,987 1.34 94.8% 1989
New Hampshire 10 11,674,965 1.0% 15,205,000 77.5% 1,553,062 1.54 99.7% 1989
New Mexico 4 11,527,526 1.0% 20,461,000 58.0% 1,821,243 1.74 99.0% 1990
Connecticut 4 9,978,097 0.9% 14,180,000 70.6% 1,271,298 1.43 96.6% 1988
Pennsylvania 2 9,375,638 0.8% 12,550,000 75.7% 1,063,928 1.37 100.0% 1987
Missouri 2 8,955,903 0.8% 11,300,000 79.3% 1,069,982 1.51 96.5% 1993
Minnesota 3 8,442,513 0.7% 12,850,000 67.7% 1,058,693 1.64 98.2% 1993
Massachusetts 2 8,363,379 0.7% 11,330,000 73.8% 911,549 1.28 96.7% 1995
Kansas 2 8,222,475 0.7% 11,100,000 74.1% 896,468 1.29 96.3% 1989
South Carolina 3 7,484,601 0.7% 9,526,000 78.6% 864,272 1.33 98.5% 1983
Arkansas 1 6,323,887 0.5% 10,353,000 61.1% 875,698 1.58 100.0% 1980
Alaska 2 6,232,196 0.5% 8,588,000 72.6% 822,781 1.58 96.7% 1991
Wisconsin 2 5,789,389 0.5% 9,100,000 63.6% 755,262 1.63 95.4% 1981
Louisiana 3 3,091,236 0.3% 3,925,000 78.9% 340,982 1.29 99.5% 1978
Oregon 1 2,350,000 0.2% 3,300,000 71.2% 253,374 1.44 100.0% 1962
Vermont 1 1,495,445 0.1% 2,000,000 74.8% 215,809 1.35 93.0% 1997
Rhode Island 1 1,295,859 0.1% 1,760,000 73.6% 135,737 1.25 97.0% 1998
District of Columbia 1 708,625 0.1% 950,000 74.6% 87,541 1.35 100.0% 1922
--- -------------- ----- -------------- ---- ------------ ---- ---- ----
Total/Weighted Average: 318 $1,150,838,323 100.0% $1,639,918,000 71.7% $141,103,339 1.45 x 95.9% 1988
=== ============== ===== ============== ==== ============ ==== ==== ====
</TABLE>
(1) Assumes a Cut-off Date of November 1, 1998.
(2) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves,
U/W LC's and TI's and FF&E.
(3) Does not reflect any Mortgage Loans secured by hotel properties.
(4) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
Mortgage Loans by Property Type
<TABLE>
<CAPTION>
Weighted
Aggregate Percentage of Aggregate Average
Number Cut-off Date Initial Appraised Cut-off Date Aggregate
Property Type of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2)
- - ------------- -------- ----------- ------------ ----- --------- -----------
<S> <C> <C> <C> <C> <C> <C>
Multifamily 115 $ 326,719,842 28.4% $ 441,050,000 74.6% $ 37,552,791
Office 45 239,993,623 20.9% 337,988,000 71.8% 27,611,766
Retail 67 237,764,987 20.7% 348,835,000 70.7% 29,454,872
Hotel 28 156,283,925 13.6% 249,795,000 64.4% 23,466,619
Industrial 22 76,729,036 6.7% 103,690,000 74.9% 9,172,468
Mixed Use 8 47,203,923 4.1% 63,100,000 75.0% 5,450,121
Manufactured Housing 21 45,599,793 4.0% 67,930,000 69.0% 5,725,810
Other 8 8,623,821 0.7% 12,240,000 70.5% 1,380,605
Self Storage 1 6,140,513 0.5% 8,850,000 69.4% 725,163
Credit Tenant Lease 3 5,778,860 0.5% 6,440,000 89.8% 563,124
--- -------------- ----- -------------- ---- ------------
Total/Weighted Average: 318 $1,150,838,323 100.0% $1,639,918,000 71.7% $141,103,339
=== ============== ===== ============== ==== ============
<CAPTION>
Weighted
Average Weighted
Weighted Occupancy Average
Average Rate at Year Built/
Property Type U/W DSCR U/W (3) Renovated (4)
- - ------------- --------- -------- --------------
<S> <C> <C> <C>
Multifamily 1.41 x 96.4% 1984
Office 1.37 95.5% 1991
Retail 1.51 95.7% 1990
Hotel 1.64 - 1991
Industrial 1.39 98.4% 1989
Mixed Use 1.36 96.6% 1990
Manufactured Housing 1.53 92.5% 1977
Other 1.52 100.0% 1987
Self Storage 1.35 73.0% 1996
Credit Tenant Lease 1.11 100.0% 1998
---- ----- ----
Total/Weighted Average: 1.45 x 95.9% 1988
==== ===== ====
</TABLE>
(1) Assumes a Cut-off Date of November 1, 1998.
(2) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves, U/W
LC's and TI's and FF&E.
(3) Does not reflect any Mortgage Loans secured by hotel properties.
(4) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
Underwriting Debt Service Coverage Ratios
<TABLE>
<CAPTION>
Weighted
Aggregate Percentage of Aggregate Average
Range of Number Cut-off Date Initial Appraised Cut-off Date
U/W DSCRs of Loans Balance (1) Pool Balance Value LTV Ratio
--------- -------- ----------- ------------ ----- ---------
<S> <C> <C> <C> <C> <C>
1.060 x - 1.190 4 $ 7,371,003 0.6% $ 8,340,000 88.5%
1.200 - 1.290 50 157,251,987 13.7% 212,516,000 74.6%
1.300 - 1.390 105 453,304,314 39.4% 628,236,000 73.3%
1.400 - 1.490 70 196,457,907 17.1% 264,550,000 74.7%
1.500 - 1.590 42 149,170,940 13.0% 209,451,000 71.7%
1.600 - 1.690 18 80,056,381 7.0% 121,910,000 66.2%
1.700 - 1.790 7 38,832,197 3.4% 62,450,000 62.9%
1.800 - 1.890 6 14,083,601 1.2% 21,980,000 64.8%
1.900 - 1.990 6 16,129,410 1.4% 29,485,000 58.8%
2.000 - 2.790 x 10 38,180,583 3.3% 81,000,000 48.9%
--- -------------- ----- -------------- ----
Total/Weighted Average: 318 $1,150,838,323 100.0% $1,639,918,000 71.7%
=== ============== ===== ============== ====
</TABLE>
<TABLE>
<CAPTION>
Average Weighted
Weighted Occupancy Average
Range of Aggregate Average Rate at Year Built/
U/W DSCRs U/W NCF (2) U/W DSCR U/W (3) Renovated (4)
--------- ----------- -------- ------- -------------
<S> <C> <C> <C> <C>
1.060 x - 1.190 $ 726,291 1.11 x 100.0% 1998
1.200 - 1.290 17,351,440 1.26 95.9% 1988
1.300 - 1.390 50,678,435 1.34 95.3% 1991
1.400 - 1.490 23,324,857 1.44 96.2% 1985
1.500 - 1.590 20,091,547 1.54 97.8% 1986
1.600 - 1.690 11,386,852 1.63 95.3% 1985
1.700 - 1.790 5,884,068 1.76 98.9% 1995
1.800 - 1.890 2,143,400 1.83 97.1% 1981
1.900 - 1.990 2,836,564 1.94 90.4% 1984
2.000 - 2.790 x 6,679,885 2.32 97.5% 1987
------------ ---- ---- ----
Total/Weighted Average: $141,103,339 1.45 x 95.9% 1988
============ ==== ==== ====
Maximum Underwriting DSCR: 2.79 x
Minimum Underwriting DSCR: 1.06 x
Wtd. Avg. Underwriting DSCR: 1.45 x
</TABLE>
(1) Assumes a Cut-off Date of November 1, 1998.
(2) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves, U/W
LC's and TI's and FF&E.
(3) Does not reflect any Mortgage Loans secured by hotel properties.
(4) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
Cut-off Date Loan-to-Value Ratios
<TABLE>
<CAPTION>
Weighted
Range of Aggregate Percentage of Aggregate Average
Cut-off Date Number Cut-off Date Initial Appraised Cut-off Date
LTV Ratios of Loans Balance (1) Pool Balance Value LTV Ratio
---------- -------- ----------- ------------ ----- ---------
<S> <C> <C> <C> <C> <C>
25.00% - 49.99% 14 $ 34,285,947 3.0% $ 86,135,000 41.0%
50.00% - 59.99% 21 82,798,073 7.2% 147,985,000 56.1%
60.00% - 69.99% 67 204,717,299 17.8% 310,365,000 66.1%
70.00% - 74.99% 107 395,506,560 34.4% 546,159,000 72.4%
75.00% - 79.99% 86 297,118,620 25.8% 380,024,000 78.2%
80.00% - 91.30% 23 136,411,825 11.9% 169,250,000 80.6%
--- -------------- ----- -------------- ----
Total/Weighted Average: 318 $1,150,838,323 100.0% $1,639,918,000 71.7%
=== ============== ===== ============== ====
</TABLE>
<TABLE>
<CAPTION>
Weighted
Average Weighted
Range of Weighted Occupancy Average
Cut-off Date Aggregate Average Rate at Year Built/
LTV Ratios U/W NCF (2) U/W DSCR U/W (3) Renovated (4)
---------- ----------- -------- ------- -------------
<S> <C> <C> <C> <C>
25.00% - 49.99% $ 5,587,542 1.90 x 94.3% 1985
50.00% - 59.99% 12,102,194 1.77 92.7% 1990
60.00% - 69.99% 27,814,073 1.54 96.3% 1987
70.00% - 74.99% 47,193,682 1.40 95.6% 1989
75.00% - 79.99% 32,894,296 1.35 95.7% 1988
80.00% - 91.30% 15,511,552 1.39 98.3% 1989
------------ ---- ---- ----
Total/Weighted Average: $141,103,339 1.45 x 95.9% 1988
============ ==== ==== ====
Maximum Cut-off Date LTV Ratio: 91.3%
Minimum Cut-off Date LTV Ratio: 25.0%
Wtd. Avg. Cut-off Date LTV Ratio: 71.7%
</TABLE>
(1) Assumes a Cut-off Date of November 1, 1998.
(2) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves, U/W
LC's and TI's and FF&E.
(3) Does not reflect any Mortgage Loans secured by hotel properties.
(4) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
Original Amortization Terms (1)
<TABLE>
<CAPTION>
Weighted
Range of Weighted Average
Original Aggregate Percentage of Aggregate Average Weighted Occupancy
Amortization Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average Rate at
Terms (Months) of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3) U/W DSCR U/W (4)
- - -------------- -------- ----------- ------------ ----- ------------ ----------- -------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
120 - 239 15 $ 39,716,454 3.5% $ 66,770,000 62.4% $ 6,084,866 1.42 x 96.7%
240 - 299 38 96,466,145 8.4% 144,656,000 68.8% 13,804,377 1.50 99.2%
300 - 311 122 404,230,431 35.1% 587,321,000 69.9% 50,418,569 1.45 95.6%
312 - 360 138 585,425,294 50.9% 791,221,000 74.8% 66,727,671 1.41 95.7%
--- -------------- ---- -------------- ---- ------------ ---- ----
Total/Weighted Average: 313 $1,125,838,323 97.8% $1,589,968,000 72.1% $137,035,483 1.43 x 95.9%
=== ============== ==== ============== ==== ============ ===== =====
<CAPTION>
Range of Weighted
Original Average
Amortization Year Built/
Terms (Months) Renovated (5)
- - -------------- -------------
<S> <C>
120 - 239 1991
240 - 299 1988
300 - 311 1990
312 - 360 1986
----
Total/Weighted Average: 1988
====
</TABLE>
Maximum Original Amortization Term (Months): 360
Minimum Original Amortization Term (Months): 120
Wtd. Avg. Original Amortization Term (Months): 322
(1) Excludes Mortgage Loans that require payment of interest only until
maturity.
(2) Assumes a Cut-off Date of November 1, 1998.
(3) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves,
U/W LC's and TI's and FF&E.
(4) Does not reflect any Mortgage Loans secured by hotel properties.
(5) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
Original Terms to Stated Maturity (1)
<TABLE>
<CAPTION>
Weighted
Weighted Average
Range of Aggregate Percentage of Aggregate Average Weighted Occupancy
Original Terms Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average Rate at
to Maturity (Months) of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3) U/W DSCR U/W (4)
- - -------------------- -------- ------------ ------------ ----- ------------ ----------- -------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
60 - 108 4 $ 14,628,403 1.3% $ 20,100,000 74.7% $ 1,697,612 1.32 x 89.6%
109 - 120 267 996,231,849 86.6% 1,408,342,000 2.1% 120,456,729 1.45 95.7%
121 - 204 29 84,763,343 7.4% 125,226,000 68.7% 11,144,637 1.44 97.8%
205 - 300 18 55,214,729 4.8% 86,250,000 67.4% 7,804,361 1.51 99.4%
--- -------------- ----- -------------- ---- ------------ ---- ----
Total/Weighted Average: 318 $1,150,838,323 100.0% $1,639,918,000 71.7% $141,103,339 1.45 x 95.9%
=== ============== ===== ============== ===== ============ ==== ====
<CAPTION>
Weighted
Range of Average
Original Terms Year Built/
to Maturity (Months) Renovated (5)
- - -------------------- -------------
<S> <C>
60 - 108 1984
109 - 120 1988
121 - 204 1990
205 - 300 1994
----
1988
====
</TABLE>
Maximum Original Term to Maturity (Months): 300
Minimum Original Term to Maturity (Months): 60
Wtd. Avg. Original Term to Maturity (Months): 130
(1) In the case of the Anticipated Repayment Date loans, the Anticipated
Repayment Date is assumed to be the maturity date for the purposes of the
table.
(2) Assumes a Cut-off Date of November 1, 1998.
(3) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves, U/W
LC's and TI's and FF&E.
(4) Does not reflect any Mortgage Loans secured by hotel properties.
(5) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
Remaining Amortization Terms (1)
<TABLE>
<CAPTION>
Weighted
Weighted Average Weighted
Aggregate Percentage of Aggregate Average Weighted Occupancy Average
Range of Remaining Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average Rate at Year Built/
Amort. Terms (Months) of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3) U/W DSCR U/W (4) Renovated(5)
- - --------------------- -------- ------------ ------------- --------- ------------ ---------- -------- -------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
118 - 177 4 $ 6,211,994 0.5% $ 13,010,000 54.7% $ 1,147,201 1.44 x 90.5% 1979
178 - 237 25 59,195,401 5.1% 89,412,000 67.5% 8,522,449 1.41 99.1% 1993
238 - 273 22 66,580,075 5.8% 102,354,000 67.7% 9,654,386 1.53 99.1% 1986
274 - 297 35 138,013,685 12.0% 204,403,000 69.5% 17,466,931 1.44 94.3% 1990
298 - 333 90 271,411,875 23.6% 390,828,000 70.1% 33,631,955 1.45 96.2% 1991
334 - 355 24 120,544,264 10.5% 158,330,000 76.5% 13,302,724 1.34 93.5% 1989
356 - 360 113 463,881,029 40.3% 631,631,000 74.4% 53,309,837 1.43 96.2% 1986
--- -------------- ---- -------------- ---- ------------ ---- ---- ----
Total/Weighted Average: 313 $1,125,838,323 97.8% $1,589,968,000 72.1% $137,035,483 1.43 x 95.9% 1988
=== ============== ==== ============== ==== ============ ==== ==== ====
Maximum Remaining Amortization Term (Months): 360
Minimum Remaining Amortization Term (Months): 118
Wtd. Avg. Remaining Amortization Term (Months): 319
</TABLE>
(1) Excludes Mortgage Loans that require payment of interest only until
maturity.
(2) Assumes a Cut-off Date of November 1, 1998.
(3) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves,
U/W LC's and TI's and FF&E.
(4) Does not reflect any Mortgage Loans secured by hotel properties.
(5) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
Remaining Terms to Stated Maturity (1)
<TABLE>
<CAPTION>
Weighted
Weighted Average Weighted
Range of Remaining Aggregate Percentage of Aggregate Average Weighted Occupancy Average
Terms to Stated Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average Rate at Year Built/
Maturity (Months) of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3) U/W DSCR U/W (4) Renovated(5)
- - --------------------- -------- ------------ ------------- --------- ------------ ---------- -------- -------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
56 - 91 4 $ 14,628,403 1.3% $ 20,100,000 74.7% $ 1,697,612 1.32 x 89.6% 1984
92 - 127 267 996,231,849 86.6% 1,408,342,000 72.1% 120,456,729 1.45 95.7% 1988
128 - 163 4 10,100,734 0.9% 16,015,000 63.7% 1,385,431 1.34 97.3% 1991
164 - 187 24 72,415,800 6.3% 105,211,000 69.8% 9,425,460 1.44 97.8% 1989
188 - 300 19 57,461,537 5.0% 90,250,000 66.9% 8,138,107 1.52 99.5% 1994
--- -------------- ---- -------------- ---- ------------ ---- ---- ----
Total/Weighted Average: 318 $1,150,838,323 100.0% $1,639,918,000 71.7% $141,103,339 1.45 x 95.9% 1988
=== ============== ==== ============== ==== ============ ==== ==== ====
Maximum Remaining Term to Maturity (Months): 299
Minimum Remaining Term to Maturity (Months): 56
Wtd. Avg. Remaining Term to Maturity (Months): 127
</TABLE>
(1) In the case of the Anticipated Repayment Date loans, the Anticipated
Repayment Date is assumed to be the maturity date for the purposes of the
table.
(2) Assumes a Cut-off Date of November 1, 1998.
(3) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves, U/W
LC's and TI's and FF&E.
(4) Does not reflect any Mortgage Loans secured by hotel properties.
(5) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
Mortgage Rates
<TABLE>
<CAPTION>
Weighted
Aggregate Percentage of Aggregate Average
Range of Number Cut-off Date Initial Appraised Cut-off Date
Mortgage Rates of Loans Balance (1) Pool Balance Value LTV Ratio
-------------- -------- ----------- ------------ ----- ---------
<S> <C> <C> <C> <C> <C>
5.780% - 6.499% 13 $ 23,086,339 2.0% $ 31,983,000 73.5%
6.500% - 6.749% 20 90,570,572 7.9% 123,370,000 74.7%
6.750% - 6.999% 69 355,720,449 30.9% 491,821,000 72.9%
7.000% - 7.249% 89 297,084,055 25.8% 451,586,000 68.4%
7.250% - 7.499% 57 199,229,167 17.3% 281,788,000 71.4%
7.500% - 7.999% 53 165,037,040 14.3% 232,205,000 72.9%
8.000% - 8.520% 17 20,110,702 1.7% 27,165,000 74.2%
--- -------------- ----- -------------- ----
Total/Weighted Average: 318 $1,150,838,323 100.0% $1,639,918,000 71.7%
=== ============== ===== ============== ====
<CAPTION>
Weighted
Average Weighted
Weighted Occupancy Average
Range of Aggregate Average Rate at Year Built/
Mortgage Rates U/W NCF (2) U/W DSCR U/W (3) Renovated (4)
-------------- ----------- -------- ------- -------------
<S> <C> <C> <C> <C>
5.780% - 6.499% $ 2,762,047 1.56 x 98.0% 1980
6.500% - 6.749% 10,183,590 1.44 97.9% 1987
6.750% - 6.999% 41,475,746 1.40 96.0% 1991
7.000% - 7.249% 37,537,505 1.53 94.8% 1988
7.250% - 7.499% 25,676,149 1.45 93.7% 1988
7.500% - 7.999% 20,660,340 1.44 98.2% 1985
8.000% - 8.520% 2,807,962 1.42 97.5% 1987
------------ ---- ---- ----
Total/Weighted Average: $141,103,339 1.45 x 95.9% 1988
============ ==== ==== ====
</TABLE>
Maximum Mortgage Rate: 8.520% per annum
Minimum Mortgage Rate: 5.780% per annum
Wtd. Avg. Mortgage Rate: 7.120% per annum
(1) Assumes a Cut-off Date of November 1, 1998.
(2) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves, U/W
LC's and TI's and FF&E.
(3) Does not reflect any Mortgage Loans secured by hotel properties.
(4) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
Cut-off Date Balances (1)
<TABLE>
<CAPTION>
Weighted
Aggregate Percentage of Aggregate Average
Range of Number Cut-off Date Initial Appraised Cut-off Date
Cut-off Date Balances of Loans Balance (1) Pool Balance Value LTV Ratio
--------------------- -------- ----------- ------------ ----- ---------
<S> <C> <C> <C> <C> <C>
$ 66,820 - 749,999 29 $ 15,014,106 1.3% $ 23,325,000 68.8%
750,000 - 1,249,999 46 46,431,094 4.0% 68,892,000 69.3%
1,250,000 - 1,999,999 80 127,909,110 11.1% 182,168,000 71.9%
2,000,000 - 2,999,999 52 128,671,273 11.2% 183,475,000 71.2%
3,000,000 - 3,999,999 28 97,937,154 8.5% 139,075,000 72.4%
4,000,000 - 4,999,999 18 82,226,680 7.1% 129,890,000 66.3%
5,000,000 - 5,999,999 21 113,468,259 9.9% 162,360,000 71.7%
6,000,000 - 9,999,999 28 200,699,738 17.4% 285,453,000 71.6%
10,000,000 - 14,999,999 5 60,897,135 5.3% 80,580,000 75.8%
15,000,000 - 19,999,999 5 91,355,236 7.9% 126,500,000 73.6%
20,000,000 - 24,999,999 4 86,401,890 7.5% 117,200,000 74.3%
25,000,000 - $75,000,000 2 99,826,649 8.7% 141,000,000 70.8%
--- -------------- ----- -------------- ----
Total/Weighted Average: 318 $1,150,838,323 100.0% $1,639,918,000 71.7%
=== ============== ===== ============== ====
<CAPTION>
Weighted
Average Weighted
Weighted Occupancy Average
Range of Aggregate Average Rate at Year Built/
Cut-off Date Balances U/W NCF (2) U/W DSCR U/W (3) Renovated (4)
--------------------- ----------- -------- ------- -------------
<S> <C> <C> <C> <C>
$ 66,820 - 749,999 $ 2,019,531 1.53 x 98.9% 1983
750,000 - 1,249,999 6,118,158 1.47 97.3% 1983
1,250,000 - 1,999,999 15,606,555 1.42 96.7% 1985
2,000,000 - 2,999,999 15,726,696 1.45 96.0% 1986
3,000,000 - 3,999,999 11,957,236 1.46 96.0% 1987
4,000,000 - 4,999,999 10,591,568 1.49 97.4% 1991
5,000,000 - 5,999,999 14,077,689 1.48 96.1% 1986
6,000,000 - 9,999,999 23,546,098 1.39 93.4% 1991
10,000,000 - 14,999,999 6,743,709 1.36 95.4% 1988
15,000,000 - 19,999,999 11,726,733 1.60 97.6% 1990
20,000,000 - 24,999,999 11,158,179 1.51 95.3% 1990
25,000,000 - $75,000,000 11,831,187 1.40 96.5% 1991
------------ ---- ---- ----
Total/Weighted Average: $141,103,339 1.45 x 95.9% 1988
============ ==== ==== ====
</TABLE>
Maximum Cut-off Date Balance: $74,826,649
Minimum Cut-off Date Balance: $66,884
Average Cut-off Date Balance: $3,618,988
(1) Assumes a Cut-off Date of November 1, 1998.
(2) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves, U/W
LC's and TI's and FF&E.
(3) Does not reflect any Mortgage Loans secured by hotel properties.
(4) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
Years Built/Years Renovated (1)
<TABLE>
<CAPTION>
Weighted
Range of Aggregate Percentage of Aggregate Average Weighted
Years Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
Built/Renovated of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3) U/W DSCR
--------------- -------- ----------- ------------ ----- --------- ----------- --------
<S> <C> <C> <C> <C> <C> <C> <C>
1922 - 1950 4 $ 4,497,304 0.4% $ 6,275,000 72.3% $ 565,204 1.48 x
1951 - 1960 3 4,304,632 0.4% 5,740,000 75.1% 523,054 1.38
1961 - 1970 23 43,656,728 3.8% 65,271,000 69.9% 5,291,183 1.46
1971 - 1980 51 160,213,866 13.9% 232,956,000 70.8% 19,888,828 1.48
1981 - 1990 105 382,571,841 33.2% 548,978,000 71.5% 48,176,869 1.49
1991 - 1998 132 555,593,952 48.3% 780,698,000 72.2% 66,658,201 1.42
--- -------------- ----- -------------- ---- ------------ ----
Total/Weighted Average: 318 $1,150,838,323 100.0% $1,639,918,000 71.7% $141,103,339 1.45 x
=== ============== ===== ============== ==== ============ ====
<CAPTION>
Weighted
Average Weighted
Range of Occupancy Average
Years Rate at Year Built/
Built/Renovated U/W (4) Renovated (1)
--------------- -------- -------------
<S> <C> <C>
1922 - 1950 98.9% 1939
1951 - 1960 97.3% 1960
1961 - 1970 94.8% 1967
1971 - 1980 97.1% 1975
1981 - 1990 96.3% 1986
1991 - 1998 95.3% 1995
---- ----
Total/Weighted Average: 95.9% 1988
==== ====
</TABLE>
Most Recent Year Built/Renovated: 1998
Oldest Year Built/Renovated: 1922
Wtd. Avg. Year Built/Renovated: 1988
(1) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
(2) Assumes a Cut-off Date of November 1, 1998.
(3) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves, U/W
LC's and TI's and FF&E.
(4) Does not reflect any Mortgage Loans secured by hotel properties.
Occupancy Rates at Underwriting (1)
<TABLE>
<CAPTION>
Weighted
Range of Aggregate Percentage of Aggregate Average
Occupancy Number Cut-off Date Initial Appraised Cut-off Date
Rates at U/W of Loans Balance (2) Pool Balance Value LTV Ratio
- - --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
35.0% - 69.9% 2 $ 4,342,940 0.4% $ 7,100,000 62.6%
70.0% - 79.9% 7 22,475,379 2.0% 36,250,000 66.1%
80.0% - 89.9% 14 66,603,579 5.8% 103,865,000 67.4%
90.0% - 100.0% 267 901,132,500 78.3% 1,242,908,000 73.4%
--- ------------ ---- --------------- ----
Total/Weighted Average: 290 $994,554,398 86.4% $ 1,390,123,000 72.8%
=== ============ ==== =============== ====
<CAPTION>
Weighted
Average Weighted
Range of Weighted Occupancy Average
Occupancy Aggregate Average Rate at Year Built/
Rates at U/W U/W NCF (3) U/W DSCR U/W (1) Renovated (4)
- - ------------------------------- ----------- -------- ------- -------------
<S> <C> <C> <C> <C>
35.0% - 69.9% $ 570,195 1.58 x 53.6% 1992
70.0% - 79.9% 2,920,312 1.40 75.6% 1987
80.0% - 89.9% 7,599,205 1.40 87.3% 1988
90.0% - 100.0% 106,547,008 1.42 97.3% 1988
------------- ---- ---- ----
Total/Weighted Average: $ 117,636,720 1.42 x 95.9% 1988
============= ==== ==== ====
</TABLE>
Maximum Occupancy Rate at Underwriting: 100.0%
Minimum Occupancy Rate at Underwriting: 35.0%
Wtd. Avg. Occupancy Rate at Underwriting: 95.9%
(1) Does not include any Mortgage Loans secured by hotel properties.
(2) Assumes a Cut-off Date of November 1, 1998.
(3) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves, U/W
LC's and TI's and FF&E.
(4) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
Prepayment Provision as of the Cutoff Date
<TABLE>
<CAPTION>
Weighted Weighted
Average Average
Remaining Remaining Weighted
Range of Aggregate Percentage of Lockout Lockout Plus Average
Remaining Terms to Number of Cut-off Date Initial Period Plus YM Period Maturity
Stated Maturity (years) (1) Loans Balance (2) Pool Balance (years) (years) (years)
--------------------------- ----- ------------ ------------ ------- -------------- ---------
<S> <C> <C> <C> <C> <C> <C>
4.0 - 4.9 2 $ 5,338,800 0.5% 4.2 4.2 4.7
6.0 - 6.9 2 9,289,603 0.8% 1.9 4.3 6.3
9.0 - 9.9 206 774,588,849 67.3% 8.8 9.3 9.8
10.0 - 10.9 62 223,241,114 19.4% 8.8 9.5 10.0
11.0 - 11.9 3 8,502,620 0.7% 11.4 11.4 11.9
14.0 - 14.9 24 72,415,800 6.3% 14.1 14.2 14.8
16.0 - 16.9 1 2,246,808 0.2% 16.3 16.3 16.8
17.0 - 17.9 1 5,238,817 0.5% 17.4 17.4 17.9
19.0 - 19.9 16 43,683,689 3.8% 18.7 19.2 19.8
24.0 - 24.9 1 6,292,223 0.5% 24.4 24.4 24.9
--- -------------- ------ ---- ---- ----
Total/Weighted Average: 318 $1,150,838,323 100.0% 9.6 10.1 10.6
=== ============== ====== ==== ==== ====
</TABLE>
(1) In the case of the Anticipated Repayment Date loans, the Anticipated
Repayment Date is assumed to be the maturity date for the purposes of the
table.
(2) Assumes a Cut-off Date of November 1, 1998.
Prepayment Type as of the Cutoff Date
<TABLE>
<CAPTION>
Weighted Weighted
Average Average
Remaining Remaining Weighted
Aggregate Percentage of Lockout Lockout Average
Number of Cut-off Date Initial Period Plus YM Period Maturity
Prepayment Type (1) Loans Balance (2) Pool Balance (years) (years) (years)
------------------- --------- ------------ ------------- ------- -------------- --------
<S> <C> <C> <C> <C> <C> <C>
Lockout 3 $ 4,233,622 0.4% 6.9 6.9 8.2
Lockout/Defeasance 249 1,044,119,603 90.7% 10.2 10.2 10.7
Lockout/Yield Maintenance 66 102,485,098 8.9% 3.6 9.2 9.9
--- -------------- ----- ---- ---- ----
Total/Weighted Average: 318 $1,150,838,323 100.0% 9.6 10.1 10.6
=== ============== ===== ==== ==== ====
</TABLE>
(1) In the case of the Anticipated Repayment Date loans, the Anticipated
Repayment Date is assumed to be the maturity date for the purposes of the
table.
(2) Assumes a Cut-off Date of November 1, 1998.
<PAGE>
Mortgage Pool Prepayment Profile (1)
<TABLE>
<CAPTION>
Prepayment Provision % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool
As of Cut-off Date Nov-98 Nov-99 Nov-00 Nov-01 Nov-02 Nov-03 Nov-04 Nov-05
- - ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Lock out 100.0% 100.0% 99.4% 96.4% 94.6% 91.2% 91.2% 91.7%
Yield Maint. Premium 0.0% 0.0% 0.6% 3.6% 5.4% 8.0% 8.0% 8.3%
1% to 5% Prepayment Premium 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Other 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Open Period 0.0% 0.0% 0.0% 0.0% 0.0% 0.8% 0.8% 0.0%
=================================================================================================================================
Total: 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
=================================================================================================================================
Outstanding
Balance (mm): $1,150.8 $1,136.4 $1,121.1 $1,104.1 $1,085.9 $1,061.2 $1,040.5 $1,009.3
Number of Loans: 318 318 318 318 318 316 316 314
<CAPTION>
Prepayment Provision % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool
As of Cut-off Date Nov-06 Nov-07 Nov-08 Nov-09 Nov-10 Nov-11 Nov-12 Nov-13
- - ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Lock out 91.7% 91.0% 96.4% 96.3% 96.1% 96.1% 93.4% 96.0%
Yield Maint. Premium 8.3% 8.3% 3.2% 3.3% 1.4% 1.3% 1.3% 3.1%
1% to 5% Prepayment Premium 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Other 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Open Period 0.0% 0.7% 0.4% 0.4% 2.5% 2.6% 5.3% 0.9%
=================================================================================================================================
Total: 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
=================================================================================================================================
Outstanding
Balance (mm): $985.2 $959.3 $97.4 $90.0 $81.0 $74.7 $67.9 $25.6
Number of Loans: 314 314 47 46 43 43 43 19
<CAPTION>
Prepayment Provision % of Pool % of Pool % of Pool % of Pool
As of Cut-off Date Nov-14 Nov-15 Nov-16 Nov-17
- - ----------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Lock out 96.1% 95.9% 96.0% 96.6%
Yield Maint. Premium 3.0% 3.2% 3.1% 2.6%
1% to 5% Prepayment Premium 0.0% 0.0% 0.0% 0.0%
Other 0.0% 0.0% 0.0% 0.0%
Open Period 0.9% 0.9% 0.9% 0.8%
==============================================================================
Total: 100.0% 100.0% 100.0% 100.0%
==============================================================================
Outstanding
Balance (mm): $22.0 $16.5 $12.3 $8.4
Number of Loans: 19 18 17 17
</TABLE>
(1) Calculated assuming that no Mortgage Loan prepays, defaults or is
repurchased prior to stated maturity, except that the ARD Loans are assumed
to pay in full on their respective Final Anticipated Repayment Dates.
Otherwise calculated based on Modeling Assumptions to be set forth.
