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Previous: INDUSTRIAL DISTRIBUTION GROUP INC, SC 13D/A, 1998-11-12 |
Next: CORIXA CORP, 10-Q, 1998-11-12 |
<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) November 9, 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 December 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"), Banc One Mortgage Capital Markets, LLC, as Master Servicer and
Special Servicer and Norwest Bank Minnesota, National Association as Trustee and
REMIC Administrator. 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 November 6, 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: November 9, 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
November 6, 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
================================================================================
$1,149,628,904 (+/- 5%)
(Initial Mortgage Pool Balance)
"Column Conduit VIII"
DLJ COMMERCIAL MORTGAGE CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-CF2
** PRELIMINARY SUMMARY MEMORANDUM **
Dated November 6, 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>
Expected (%) (%) Avg. Maturity Price Approx. ERISA/
Class Ratings(2) ($) Balance Balance Sub Life(3) (3) Talk Index Price Status SMMEA(4)
----- ---------- ----------- ------- --- ------- -------- ------ ----- ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
S Aaa/AAA 1,149,628,904 na Na 9.4 Oct-23 --- --- --- Public Yes/Yes
A-1A Aaa/AAA 226,315,000 19.70 29.50 5.7 Jun-08 --- --- --- Public Yes/Yes
A-1B Aaa/AAA 584,168,000 50.81 29.50 9.7 Oct-08 --- --- --- Public Yes/Yes
A-2 Aa2/AA 57,482,000 5.00 24.50 9.9 Nov-08 --- --- --- Public No/Yes
A-3 A2/A 71,852,000 6.25 18.25 9.9 Nov-08 --- --- --- Public No
B-1 Baa2/BBB 60,356,000 5.25 13.00 9.9 Nov-08 --- --- --- Public No
B-2 Baa3/BBB- 17,245,000 1.50 11.50 9.9 Nov-08 --- --- --- Public No
B-3 NR/BB 60,356,000 5.25 6.25 10.6 Apr-12 ****** Not Offered ****** Private-144A No
B-4 NR/BB- 8,623,000 0.75 5.50 13.9 Apr-13 ****** Not Offered ****** Private-144A No
B-5 NR/B 25,867,000 2.25 3.25 14.7 Oct-13 ****** Not Offered ****** Private-144A No
B-6 NR/B- 14,371,000 1.25 2.00 14.9 Jun-14 ****** Not Offered ****** Private-144A No
C NR/NR 22,993,904 2.00 0.00 18.3 Oct-23 ****** Not Offered ****** Private-144A 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 $1,149,628,904 as of December 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 (28.0%),
Retail (20.1%), Office (19.6%), 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: 92.6% of the mortgage loans provide
for an initial lockout period followed by a defeasance
period. 0.2% of the mortgage loans provide for a
lockout period only. The remaining 7.2% of the mortgage
loans provide for an initial lockout period followed by
a yield maintenance and/or prepayment premium period.
================================================================================
Mortgage Loan The mortgage loans, in general, were originated between July
Origination: 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 For
Savings (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: Banc One Mortgage Capital
Markets, LLC
Lead Manager: Donaldson, Lufkin & Jenrette Securities
Corporation, Sole Manager
================================================================================
Special Servicer: Banc One Mortgage Capital Settlement: December _, 1998
Markets, LLC
================================================================================
Rating Moody's Investor Service, Inc.
Agencies: Fitch IBCA, Inc.
Trustee: Norwest Bank Minnesota, National Association
================================================================================
- --------------------------------------------------------------------------------
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 Class: The Controlling Class of Certificateholders may appoint a
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"), a yield maintenance premium ("YMP") period
Premiums: and/or a prepayment premium ("PP") 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 % = -----------------------------------
to Non-IO Certificates (Mortgage Rate - Discount Rate)
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.
All PPs collected on the Mortgage Loans will be distributed
to the interest only certificates, Class S.
================================================================================
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 On each distribution date, principal will be distributed and
of Principal: 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, pro rata
11. Class C
(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: 71.6%
Cut-off Date Balance (1): $1,149,628,904
Average Cut-off Date Balance: $3,615,185
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): 3
Top 5 States/Property Types:
<CAPTION>
Percentage of Percentage of
Number Cut-off Date Cut-off Date Number Cut-off Date Cut-off Date
# State of Loans Balance (1) Balance # Property Type of Loans Balance (1) Balance
- ------------------------------------------------------------------ --------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 New York 19 $ 154,641,881 13.5% 1 Multifamily 114 $ 321,935,877 28.0%
2 California 40 146,120,586 12.7% 2 Retail 65 230,884,666 20.1%
3 Texas 49 126,540,415 11.0% 3 Office 39 225,732,494 19.6%
4 Florida 28 124,437,537 10.8% 4 Hotel 28 156,034,952 13.6%
5 Illinois 19 114,847,294 10.0% 5 Industrial 25 85,001,549 7.4%
------------------------------------ -------------------------------------
Total/ Weighted Average: 155 $ 666,587,712 58.0% 271 $1,019,589,539 88.7%
==================================== =====================================
</TABLE>
<TABLE>
<CAPTION>
Top 5 Mortgage Loans (5):
Percentage of
Property Cut-off Date Cut-off Date Appraised
# Property Name Type State Balance (1) Balance Value
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 Chanin Building Office NY $ 74,732,033 6.5% $ 105,000,000
2 Heritage Pointe Multifamily IL 24,982,355 2.2% 36,000,000
3 The Center at Rancho Niguel (6) Retail CA 22,979,767 2.0% 28,500,000
4 Best Western Inn of Chicago Hotel IL 21,883,901 1.9% 30,700,000
5 Christiana Hilton Inn - Newark, DE Hotel DE 21,450,788 1.9% 33,000,000
----------------------------------------------------------
Total/Weighted Average: $166,028,844 14.4% $ 233,200,000
==========================================================
<CAPTION>
Cut-off Date Year Built/
# Property Name LTV Ratio U/W NCF (2) U/W DSCR Renovated (3)
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 Chanin Building 71.2% $ 8,387,294 1.33 x 1997
2 Heritage Pointe 69.4% 3,450,664 1.61 1973
3 The Center at Rancho Niguel (6) 80.6% 2,387,689 1.35 1988
4 Best Western Inn of Chicago 71.3% 3,279,579 1.55 1981
5 Christiana Hilton Inn - Newark, DE 65.0% 3,251,846 1.79 1997
-------------------------------------------------------------------------
Total/Weighted Average: 71.4% $ 20,757,072 1.46 x 1990
=========================================================================
</TABLE>
(1) Assumes a Cut-off Date of December 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 or multi-property loans, each
of which might be larger than the individual loans listed.
(6) The Mortgage Loan secured by The Center at Rancho Niguel is
cross-collateralized and cross-defaulted with The Edwards Center at Rancho
Niguel Loan.
<PAGE>
Managers and Locations of the Mortgaged Properties
<TABLE>
<CAPTION>
# Property Name Manager
- ------------- -------
<S> <C> <C>
1 Chanin Building Colliers ABR, Inc.
2 250 South Clinton Street (1A) American Real Estate Management, Inc.
3 GATX Warehouse (1A) American Real Estate Management, Inc.
4 1001 and 1011 Airport Industrial Park (1A) American Real Estate Management, Inc.
5 Northeast Industrial Park Building # 21 (1A) American Real Estate Management, Inc.
6 507 Plum Street (1A) American Real Estate Management, Inc.
7 Zanesville (1A) American Real Estate Management, Inc.
8 Northeast Industrial Park Building # 8 (1A) American Real Estate Management, Inc.
9 Northeast Industrial Park Building # 22 (1A) American Real Estate Management, Inc.
10 4, 5 & 8 Marway Circle (1A) American Real Estate Management, Inc.
11 Marysville (1A) American Real Estate Management, Inc.
12 One Clinton Square (1A) American Real Estate Management, Inc.
13 The 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 Commercial Property Management, Inc.
16 Woodland Heights Shopping Center (1C) Inland Commercial Property Management, Inc.
17 Winnetka Commons Shopping Center (1C) Inland Commercial Property Management, Inc.
18 Berwyn Plaza Shopping Center (1C) Inland Commercial Property Management, Inc.
19 Walgreen's Store (1C) Inland Commercial Property Management, Inc.
20 Heritage Pointe Mid America Property Management
21 Best Western Inn of Chicago Shell Hospitality Group, Inc.
22 Christiana Hilton Inn - Newark, DE MJ Hotels of Wilmington, Inc.
23 Embassy Crossing (2) Infinity Property Management Corp.
24 Jefferson at Treetops Apartments JPI Apartment Management, LP
25 Dominion Tower & Parking Garage I.D.M. Management, Inc.
26 Holiday Inn Hurstbourne 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 Creek Apartments CPG Holdings, Inc.
33 Storage Box / Stowaway Storage (1E) Owner Managed
34 Maplewood Mobile Estates (1E) Owner Managed
35 Corporate Office Park Chase Commercial Real Estate Services, Inc.
36 Knights Bridge II Apartments Grady Holdings, LLP
37 Preston Stonebrooke Shopping Center Netzer Management, Inc.
38 Run in Foods DP #4 (1F) Owner Managed
39 Run in Foods 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 #410 (1F) Owner Managed
46 Super 8-Midtown (1G) DVC
47 Super 8-East (1G) DVC
48 Super 8-West (1G) DVC
49 Wellington Woods & Lakes Harbor Group Management Company
50 Hampton Inn - Indianapolis, IN Indy Downtown, Inc.
51 Chidlaw Building Fieldhill Properties
52 Mahwah Business Park Owner Managed
53 Grandview Garden Apartments J & P Realty Corp.
54 Cornerstone Office Park Asset Management Associates, Inc.
55 160 Pine Street Trammell Crow NW, Inc.
56 River Run Apartments Harbor Group Management Company
57 180 N. Michigan Avenue Office Building M & J Wilkow, Ltd.
58 Oak Hills Apartments Hartex Property Group, Inc.
59 145 Rosemary Street Twenty-First Century Corporation
60 Holiday Inn - Metroplex-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.
<CAPTION>
Zip
# Address City County State Code
- ------- ---- ------ ----- ----
<S> <C> <C> <C> <C> <C>
1 122 East 42nd Street New York New York NY 10168
2 250 South Clinton Street Syracuse Onondaga NY 13202
3 4472 and 4580 Steelway Boulevard Clay Onondaga NY 13080
4 1001 and 1011 Air Park Drive Swatara Dauphin PA 17057
5 Route 146 Guilderland Albany NY 12084
6 507 Plum Street Syracuse Onondaga NY 13204
7 3530 East Pike Zanesville Muskingum OH 43701
8 Route 146 Guilderland Albany NY 12084
9 Route 146 Guilderland Albany NY 12084
10 4, 5 & 8 Marway Circle Gates Monroe NY 14624
11 16725 Square Drive Marysville Union OH 43040
12 One Clinton Square Syracuse Onondaga NY 13202
13 28121-28141 Crown Valley Parkway &
28201-28251 Crown Valley Parkway Laguna Niguel Orange CA 92677
14 25461-25471 Rancho Niguel Road Laguna Niguel Orange CA 92677
15 701 N. Milwaukee Avenue Vernon Hills Lake IL 60061
16 225 Irving Park Road Streamwood Cook IL 60107
17 3540 Winnetka Avenue North New Hope Hennepin MN 55427
18 6901 West Ogden Avenue Berwyn Cook IL 60402
19 331 North Irving Woodstock McHenry IL 60098
20 10018 Holly Lane Des Plaines Cook IL 60016
21 162 East Ohio Street Chicago Cook IL 60611
22 100 Continental Drive Newark New Castle DE 19713
23 9570 U.S. Highway 19 Port Richey Pasco FL 34668
24 5217 Old Spicewood Springs Road Austin Travis TX 78759
25 1400 NW 10th Avenue Miami Dade FL 33128
26 1325 South Hurstbourne Parkway Louisville Jefferson KY 40222
27 10925 Reed Hartman Highway Blue Ash Hamilton OH 45242
28 230, 260 & 270 Northland Blvd. Springdale Hamilton OH 45246
29 4030 Mt. Carmel Tobasco Road Union Township Clermont OH 45255
30 5055 Old Taylor Mill Road Taylor Mill Kenton KY 41015
31 11 Park Place New York New York NY 10007
32 1111 James Donlon Boulevard Antioch Contra Costa CA 94509
33 810 Jimmy Ann Drive / 3742 Nova Road Daytona Beach/Port Orange Volusia FL 32119
34 5608 Newman Drive Port Orange Volusia FL 32127
35 4900-4970 Corporate Drive Huntsville Madison AL 35804
36 4000 Greencastle Road Silver Spring Montgomery MD 20866
37 SWC of Preston Road & Stonebrooke Parkway Frisco Collin TX 75034
38 1551 Florida State Route 559 Polk City Polk FL 33868
39 29502 Florida State Route 52 San Antonio Pasco FL 33576
40 11511 North U.S. Highway 301 Thonotosassa Hillsborough FL 33592
41 4911 N. 110th Avenue Pinellas Park Pinellas FL 33609
42 3002 North U.S. Highway 301 Tampa Hillsborough FL 33619
43 401 East Sligh Avenue Tampa Hillsborough FL 33604
44 18226 Powell Road Brooksville Hernando FL 33609
45 6513 W. 14th Street Bradenton Manatee FL 34207
46 2500 University Boulevard Albuquerque Bernalillo NM 87107
47 450 Paisano Street Albuquerque Bernalillo NM 87123
48 6030 Iliff Road Albuquerque Bernalillo NM 87121
49 136 Wellington Lakes Drive & 1704 Lafayette Boulevard Fredericksburg N/A VA 22401
50 105 S. Meridian Street Indianapolis Marion IN 46225
51 2221 E. Bijou Street Colorado Springs El Paso CO 80909
52 Ramapo Valley Road Mahwah Bergen NJ 07430
53 1500 S. Waterford Drive Florissant St. Louis MO 63033
54 1289-1335 S. Linden Road Flint Township Genesee MI 48532
55 160 Pine Street San Francisco San Francisco CA 94111
56 141 Old Orange Park Road Orange Park Clay FL 32073
57 180 N. Michigan Avenue Chicago Cook IL 60601
58 1913 Estrada Parkway Drive Irving Dallas TX 75061
59 145 Rosemary Street Needham Norfolk MA 02194
60 1620 Motor Inn Drive Youngstown Trumbull OH 44420
61 100 Pinellas Bayway Tierra Verde Pinellas FL 33715
62 1045 Firestone Parkway Nashville Davidson TN 37086
63 2160 Mayport Road Jacksonville Duval FL 32233
64 800 SW Jackson Street Topeka Shawnee KS 66612
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# Property Name Manager
- ------------- -------
<S> <C> <C>
65 Brook Forest Apartments Mid-America Management Corp.
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 Greens Corner Shopping Center (3) Infinity Property Management Corp.
71 Mountain Ridge Apartments Suncase Corporation
72 Radisson Suites - Huntsville, AL Yedla Management Company
73 Holiday Campground Owner Managed
74 Plantation Meadows Apartments Spyros Papageorge
75 Gresham Townhomes Seltzer-Doren Management Company, Inc.
76 Lakewood Apartments Mid-America Management Corp.
77 Imperial Plaza Shopping Center Continental Equities
78 Super 8 - Las Vegas, NV KVC
79 Thunder Hollow Harbor Group Management Company
80 Woodlake Village Apartments SJS Enterprises
81 K-Mart Montwood Point Owner Managed
82 Trabuco Marketplace O Hill Partners Inc.
83 Indian Valley Apartments CNC Investments, Inc.
84 Flamingo West Centre MDL Group
85 Mill Creek Shopping Center Richard J. McGoldrich
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 Motel Hotel Associates, Inc.
92 Country Inn & Suites Hotel Yedla Management Company
93 Center Ridge Apartments Westmark Management Company
94 The Marriott Building EEI Holding Corporation
95 Silicon Valley Inn Owner Managed
96 Best Western - Sunnyvale Owner Managed
97 Golden Valley Commons Tri-Star Management, Inc.
98 West Park Place Universal Management Corporation
99 Naperville Office Court M & J Wilkow, Ltd.
100 Holiday Inn Express Hotel & Suites - 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 North Denver Doramar Hotels, inc.
105 Windlands Shopping Center (4) Infinity Property Management Corp.
106 Northborough Woods Apartments CNC Investments, Inc.
107 Madison Building Owner Managed
108 Victory Townhomes Seltzer-Doren Management Company, Inc.
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 Place 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 Alton Management Corp.
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 Sanders & Associates
128 Glencoe Avenue 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 Russell Development, Inc.
134 Rio Commercial Center Owner Managed
135 Alexis Apartment Complex Greco Rentals Management Company, LLC
136 Beltway Plaza 4710 Kenwood Management Company, LLC
<CAPTION>
Zip
# Address City County State Code
- ------- ---- ------ ----- ----
<S> <C> <C> <C> <C> <C>
65 3300-3400 169th Street Hammond Lake IN 46323
66 201 Midfield Street Midfield/Birmingham Jefferson AL 35228
67 727 North Broadway Los Angeles Los Angeles CA 90012
68 2010 S. Caraway Road Jonesboro Craighead AR 72401
69 10611 Abercorn Extension Savannah Chatham GA 31419
70 4975 Jimmy Carter Boulevard Atlanta Gwinnett GA 30093
71 2626 Duncanville Road Dallas Dallas TX 75211
72 6000 S. Memorial Parkway Huntsville Madison AL 35802
73 10000 Park Boulevard Seminole Pinellas FL 33777
74 7221 NW 16th Street Plantation Broward FL 33313
75 21051 Gresham Street Canoga Park Los Angeles CA 91306
76 2121 Stone Lake Woodstock McHenry IL 60098
77 303-319 Havendale Boulevard Auburndale Polk FL 33823
78 4250 Koval Lane Las Vegas Clark NV 89109
79 3780 Idlebrook Circle Casselberry Seminole FL 32707
80 5080 Westerville Road Columbus Franklin OH 43081
81 11330-60 Montwood Drive El Paso El Paso TX 79936
82 21602, 21612 & 21702 Plano Trabuo Road Rancho Santa Margarita Orange CA 92679
83 3536 Indian Creek Road Clarkston Dekalb GA 30021
84 4850 West Flamingo Road Las Vegas Clark NV 89103
85 9 & 50 Market Street South Portland Cumberland ME 04112
86 5041 Alabama Street El Paso El Paso TX 79930
87 500 East Calaveras Street Milpitas Santa Clara CA 95035
88 16077 Ashland Avenue San Lorenzo Alameda CA 94502
89 1620 Bay Area Boulevard Houston Harris TX 77058
90 4525 West Twain Avenue Las Vegas Clark NV 89103
91 80 Newtown Road Danbury Fairfield CT 06810
92 4880 University Drive Huntsville Madison AL 35816
93 700 West Center Street Duncanville Dallas TX 75116
94 509 South Sixth Street Springfield Sangamon IL 62701
95 690 N. Mathilda Avenue Sunnyvale Santa Clara CA 94086
96 940 W. Weddell Drive Sunnyvale Santa Clara CA 94089
97 7700 Olson Memorial Highway Golden Valley Hennepin MN 55427
98 7400 West Greenfield Avenue West Allis Milwaukee WI 53214
99 1801-1813 N. Mill Street Naperville DuPage IL 60563
100 93 El Camino Real (SR 82) Mountain View Santa Clara CA 94040
101 1580 Southlake Parkway Morrow Clayton GA 30260
102 1307 8th Avenue Fort Worth Tarrant TX 76104
103 595 N. Mathilda Avenue Sunnyvale Santa Clara CA 94086
104 4849 Bannock Street Denver Denver CO 80216
105 3760 Nolensville Pike Nashville Davidson TN 37211
106 13502 Northborough Drive Houston Harris TX 77067
107 412 Madison Street Tampa Hillsborough FL 33602
108 22301 Victory Boulevard Woodland Hills Los Angeles CA 91303
109 1527-1561 N. Singleton Avenue Titusville Brevard FL 32796
110 71 Hall Street Concord Merrimack NH 03301
111 North Side of Old Country Road (Route 58) Riverhead Suffolk NY 11901
112 6310 Dumfries Drive Houston Harris TX 77096
113 7051 McCutcheon Road Chattanooga Hamilton TN 37421
114 2871-2891 US Highway 30 Hobart Lake IN 46342
115 531 West Deming Chicago Cook IL 60614
116 2906 Washtenaw Avenue Ypsilanti Township Washtenaw MI 48197
117 1455 North Perry Road Carrollton Dallas TX 75006
118 5301 Marvin D. Love Freeway Dallas Dallas TX 75232
119 1800-1884 Johns Drive Glenview Cook IL 60025
120 2041 Beltline Road Decatur Morgan AL 35601
121 4748 Mission Boulevard Ontario San Bernardino CA 91762
122 7101 Jurupa Avenue Riverside Riverside CA 92504
123 3074 Ross Clark Circle Dothan Houston AL 36301
124 3000 Vintage Drive, 3017-3025 Clinton Drive Juneau Juneau AK 99801
125 NWC US 72/Wall-Triana Highway Madison Madison AL 37558
126 US Highway 52 Darlington Darlington SC 29532
127 15817 Bernardo Center Drive San Diego San Diego CA 92127
128 4040 Del Rey Avenue and 4051 Glencoe Avenue Los Angeles Los Angeles CA 90292
129 1034 Elm Avenue Americus Sumter GA 31709
130 1008 E. 24th Avenue Cordele Crisp GA 31015
131 SWC Ramon Road & Sunrise Way Palm Springs Riverside CA 92264
132 9029 Jamacha Road Spring Valley San Diego CA 91977
133 NWC Telegraph Rd. & Lorain St. Monroe Monroe MI 48162
134 779-895 NE Dixie Highway Jensen Beach Martin FL 34957
135 3500 Foothills Road Las Cruces Dona Ana NM 88011
136 4710 Auth Place Camp Springs Prince George MD 20746
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# Property Name Manager
- ------------- -------
<S> <C> <C>
137 Casa Linda MHP Follett Investment Properties, Inc.
138 Mesa Ridge Apartments Owner Managed
139 Vintage Business Park II Owner Managed
140 Mountain Village Shopping Center Brantley Properties, Inc.
141 Rock River Tower Apartments Superior Investment Development Corp.
142 Durango Plaza Retail Center Crossroads Realty and Development
143 Beatrice Avenue Industrial William D. Feldman & Associates
144 Miller Apartments Jean McDaniel
145 University Square Outlet Mall Graham Associates, Ltd.
146 Ridgewood Plaza Mid-Northern Equities Management, Ltd.
147 Chase Village Apartments Carlisle Apartments, Inc.
148 Warsaw Village Shopping Center Barnett Properties, Inc.
149 Provident Place Office Building Regent Development Corporation
150 920 S. Waukegan Road New Horizons Management Company
151 Amberley Suite Hotel Yedla Management Company
152 Rite-Aid of Maine, Inc. (5) Commercial Properties, Inc.
153 Stuart Towne Apartments John M. Trask, Jr.
154 Santa Ana Villa 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 Hans Motel Investment Inc.
159 Aspen Business Center Crown Properties, LLC
160 Hampton Inn - Ft. Pierce, FL Owner Managed
161 Oak Tree Mobile Home Park Owner Managed
162 Walnut Square Apartments Laurence Wolf Properties
163 Royal Oaks Mobile Home Park Bruce E. Davis and Douglas M. Davis
164 Plymouth Square Apartments Dietz Management Company
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 Michael M. Seago
169 Breckenridge Condominiums 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 Park City Developments, Inc.
175 Hanover Village Apartments Westmark Management Company
176 Travelodge Hotel--Seatac Travelodge Hotels Inc.
177 Harlem Furniture 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 Mobile Estates Owner Managed
184 NationsBank Professional Center Kew Management Corporation
185 Belmeade Office Park 46 Corp.
186 Central Building Owner Managed
187 710 Amsterdam Avenue Weinstein Industries, Inc.
188 Sandstone Apartments & Vista North Apartments Owner Managed
189 Highland Park Place Shopping Center First Commercial Realty & Development Co., Inc.
190 Salem Creek Apartment Complex Carlisle Apartments, Inc.
191 Country Greens Apartments Alton Management Corp.
192 Quail Ridge Apartments Piper Management Co.
193 Harold Gilstrap Shopping Center Sierra Management Corp.
194 Sahara West Plaza Americana Commercial Group
195 Walgreen's Owner Managed
196 Econolodge - Bangor, ME Diamond Properties, Inc.
197 Comfort Inn - Bangor, ME C.C. Management, Inc.
198 Point Clinton Aram Papazian
199 Rite-Aid Pharmacy Baxter Property Management
200 Ravenscroft Apartments Owner Managed
201 Coach Country Corral MHP Owner Managed
202 Taft and Cleveland Paradise Apartments Owner Managed
203 Tyrone Village MHP Town & Country Investments, LLC
204 Steamboat Road Owner Managed
205 Kerr Station Village Graham Associates, Ltd.
206 Meadow Run Apartments Westmark Management Company
207 45 Church Street Amdour, Inc.
208 New Brunswick Apartments Kamson Corporation
<CAPTION>
Zip
# Address City County State Code
- ------- ---- ------ ----- ----
<S> <C> <C> <C> <C> <C>
137 5250 E. Lake Mead Boulevard Las Vegas Clark NV 89114
138 8000 Creek Bend Drive Houston Harris TX 77071
139 3030-3032 Vintage Drive Juneau Juneau AK 99801
140 749 E. Main Street Jefferson Ashe NC 28640
141 913 Main Street Rockford Winnebago IL 61103
142 4420-4450 South Durango Drive Las Vegas Clark NV 89117
143 12636 Beatrice Street Los Angeles Los Angeles CA 90066
144 2335 Stuart Avenue Albany Dougherty GA 31707
145 816 College Road Wilmington New Hanover NC 28402
146 SWC Ridge Rd. & Manor Ave. Munster Lake IN 46321
147 8028 Gessner Drive Austin Travis TX 78753
148 US Highway 360 Warsaw Richmond VA 22572
149 2220 San Jacinto Blvd. Denton Denton TX 76205
150 920 S. Waukegan Road Lake Forest Lake IL 60045
151 807 Bank St. Decatur Morgan AL 35601
152 37 Portland Street--U.S. Route 1 Kennebunk York ME 04043
153 1901 Old Shell Road Port Royal Beaufort SC 29935
154 2204 North Peach Avenue Clovis Fresno CA 93612
155 9310-9396 159th Street Orland Park Cook IL 60462
156 120 State Highway 332 Lake Jackson Brazoria TX 77566
157 Route 37 West Toms River Ocean NJ 08753
158 5601 Pacific Highway East Fife Pierce WA 98424
159 9942 and 9934 N. Alpine Road Machesney Park Winnebago IL 60115
160 2831 Reynolds Drive Ft. Pierce St. Lucie FL 34945
161 565 Diamond Road Jackson Township Ocean NJ 08527
162 1440 Linden Road Flint Genesee MI 48532
163 4069 South Pacific Highway Medford Jackson OR 97051
164 9421 Marguerite Road Plymouth Township Wayne MI 48170
165 650 Somerset Avenue North Plainfield Somerset NJ 07060
166 4, 20, 34, 42 & 45 Embassy Square Tonawanda Erie NY 14150
167 979 Main Street West Dundee Kane IL 60118
168 1400 Destrehan Avenue Harvey Jefferson LA 70058
169 1701 Big Sur Drive Arlington Tarrant TX 75007
170 3690 South Port Drive Rancho Cordova Sacramento CA 95670
171 272 North Dupont Highway Dover Kent DE 19901
172 16588 Bernardo Center Drive San Diego San Diego CA 92128
173 100 Apollo Avenue Fayetteville Fayette GA 30214
174 2223 NC Highway 54 Durham Durham NC 27713
175 S/W/S of Division Street Hanover Township Luzerne PA 18702
176 14845 Pacific Highway South Tukwila King WA 98168
177 2575 N. Elston Avenue Chicago Cook IL 60606
178 3421 Old Vineyard Road Winston-Salem Forsyth NC 27103
179 1506 School Road Carrollton Dallas TX 75006
180 10108 Malaga Way Rancho Cordova Sacramento CA 95670
181 1708-1724 West Chapman Avenue Orange Orange CA 92668
182 1717 Second St & 1722 Third St Sacramento Sacramento CA 95814
183 2101 Colonial Avenue Navarre Santa Rosa FL 32566
184 8181 W. Broward Blvd. Plantation Broward FL 33324
185 2910 Belmeade, 2410 & 2420 Tarpley Road Carrollton Dallas TX 75006
186 245 Main Street Salinas Monterey CA 93901
187 710 Amsterdam Avenue New York New York NY 10025
188 1502 and 1616 Calle Del Norte Laredo Webb TX 78041
189 14461-14529 Woodward Avenue Highland Park Wayne MI 48203
190 802-803 Flame Circle San Antonio Bexar TX 78221
191 630 Stevens Village Drive Dallas Dallas TX 75208
192 1001 North State Road Davison Genesee MI 48423
193 601 S. Main Street Salem Washington IN 47167
194 4601 West Sahara Avenue Las Vegas Clark NV 89108
195 2690 Mission Street San Francisco San Francisco CA 94110
196 327 Odlin Road Bangor Penobscot ME 04401
197 750 Hogan Road Bangor Penobscot ME 04401
198 186 Center Street Clinton Hunterdon NJ 08809
199 1623 White Mountain Highway - Routes 16 & 302 Conway Carroll NH 03818
200 25 Fairview Avenue Phillipsburg Warren NJ 08865
201 1921 208th Street East Spanaway Pierce WA 98387
202 2545 Taft Street & 1720 Cleveland Street Hollywood Broward FL 33020
203 13618 North Florida Avenue Tampa Hillsborough FL 33613
204 702-708 Steamboat Road Greenwich Fairfield CT 06830
205 S. Kerr Ave. & Franklin Wilmington New Hanover NC 28402
206 3301 Abbeville Highway Anderson Anderson SC 29624
207 45 Church Street Stamford Fairfield CT 06906
208 119 Livingston Ave. New Brunswick Middlesex NJ 13760
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# Property Name Manager
- ------------- -------
<S> <C> <C>
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 Investment Limited Partnership
213 Gottschalk's Department Store Jack Baskin, Inc.
214 Southport Place David A. Mack Properties, LLC
215 Bell Building EEI Holding Corporation
216 Days Inn - Bangor, ME Diamond Properties, Inc.
217 Stratford Shopping Center Robert Mark Associates
218 Country Aire Manor Owner Managed
219 Corlett Creek Apartments Mid-America Management Corp.
220 Anchor Bay Apartments Ivanhoe Investment Limited Partnership
221 Tall Pines Shopping Center Stanaland Realty Company
222 Skyline Professional Building Owner Managed
223 Southwood Acres MHP Owner Managed
224 Nalbert Apartments Owner Managed
225 1220 South University Avenue Suburban Campus Properties Inc.
226 Ware's Van & Storage Co. Owner Managed
227 49 Commerce Drive / 81 Ethan Allen Drive K.P.S. Management L.L.C.
228 3211 Battleground Kotis Properties, Inc.
229 Gardner Building Ashley North Avenue, Inc.
230 778 Main Street MacBride Management, Inc.
231 Briarwood Apartments CIH Properties, Inc.
232 Walton Village Shopping Center L.G. Bones, L.L.C.
233 Rancho Santa Fe Shopping Center Realty 2000, Inc.
234 Winston Place Apartments Westmark Management Company
235 Hondo Park Apartments Larry Jennings
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, Inc.
248 College Square Apartments National Realty Management, Inc.
249 Car Engineering Building DiFelice B.C. Inc.
250 Executive Townhomes Weeden Management, LLC
251 Parkside Place Apartments J & EE Property Management, Inc.
252 Hartford Crossing Retail Plaza Capstone Properties Inc.
253 Cypress Plaza Shopping Center Investment Concepts, Inc.
254 Sarasota Place Apartments Owner Managed
255 Clayton Forest Apartments DEL Development Corporation
256 Checker Auto Parts Store Owner Managed
257 Southpointe Center Investment Concepts, Inc.
258 Maple Court Apartments Kamson Corporation
259 Crestwood MHP Owner Managed
260 Hyde Park Place Apartments Eaglestar Group
261 Allen Medical Office Building Swearingen Realty Group
262 Canyon View Offices Owner Managed
263 Firehouse Square Key Investment Properties, Inc.
264 Plymouth Place Plaza Plymouth Plaza Investors, LLC
265 Meridian Mobile Estates Owner Managed
266 Country Mobile Estates Owner Managed
267 Village Apartments Owner Managed
268 Ackels Mobile Home Park Goodman/Maple Management Associates
269 Redford Manor Apartments Cormorant Company, Inc.
270 Doms Business Park Owner Managed
271 Bradfield Creek Townhomes Owner Managed
272 San Remo Apartments Burlington Ventures, Inc.
273 Consolidated Printing Owner Managed
274 Knightsbridge Apartments Habitat America, LLC
275 Whispering Meadows California Property Management Inc.
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 United Management Services Inc.
<CAPTION>
Zip
# Address City County State Code
- ------- ---- ------ ----- ----
<S> <C> <C> <C> <C> <C>
209 46421 Madison Street Indio Riverside CA 92201
210 813 East 86th Street Indianapolis Marion IN 46240
211 2746 North Oak Harbor Drive Oak Harbor Island WA 98277
212 25005 Lawrence Street Warren Macomb MI 48091
213 372 Elm Avenue Auburn Placer CA 95603
214 30 Jelliff Lane Southport Fairfield CT 06490
215 424 S. 5th Street Springfield Sangamon IL 62701
216 250 Odlin Road Bangor Penobscot ME 04401
217 25-41 South White Horse Pike Stratford Camden NJ 08084
218 17102 Meridian Street East Puyallup Pierce WA 98375
219 1105 N. Chipman St. Owosso Shiawassee MI 48867
220 50620 Jefferson Road New Baltimore Macomb MI 48047
221 905-911 Pine Crest Drive Marshall Harrison TX 75670
222 12940 Harriet Avenue South Burnsville Dakota MN 55337
223 Irish Hill Road & Lexington Mill Road Magnolia Kent DE 19962
224 1301, 1315, 1317 and 1319 Ft. Meyer Drive Arlington Arlington VA 22209
225 1220 South University Avenue Ann Arbor Washtenaw MI 48104
226 1344 North West Boulevard Vineland Cumberland NJ 08360
227 49 Commerce Dr. & 81 Ethan Allen Drive South Burlington Chittenden VT 05403
228 3211 Battleground Avenue Greensboro Guilford NC 27408
229 17-19 Gardner Road Fairfield Essex NJ 07004
230 778 Main Street South Portland Cumberland ME 04106
231 3500 Briarwood Drive Dumfries Prince William VA 22026
232 3021-3095 Walton Boulevard Auburn Hills Oakland MI 48321
233 5081 North Rainbow Boulevard Las Vegas Clark NV 89103
234 3108 Winston Place Manhattan Riley KS 66502
235 2544 Hondo Avenue Dallas Dallas TX 75219
236 12001-12021 Allegheny Street Sun Valley Los Angeles CA 91352
237 298-326 Auburn Street Portland Cumberland ME 04102
238 US Route 1 Yarmouth Cumberland ME 04096
239 13727-13749 Sylvan Street Los Angeles Los Angeles CA 91401
240 1214 Mertensia Road Farmington Ontario NY 14425
241 6000 Woodlake Parkway San Antonio Bexar TX 78244
242 1027 East Florence Avenue Vineland Cumberland NJ 08360
243 263 Rockland Avenue Portsmouth Rockingham NH 03101
244 70 Warren Avenue Chelsea Suffolk MA 01250
245 1966 Washington Valley Road Martinsville Somerset NJ 08836
246 7215 New Market Court Manassas Prince George's VA 22110
247 3947 Pleasant Run Road Irving Dallas TX 75038
248 6210-6220 South 51st Street Greendale Milwaukee WI 53129
249 51 Victor Heights Parkway Victor Ontario NY 14564
250 2501 N. Bishop Street San Marcos Hays TX 78666
251 2833 Community Drive Dallas Dallas TX 75220
252 550 Hartford Avenue Providence Providence RI 02903
253 9801-9969 Walker Street & 5481 Ball Road Cypress Orange CA 90630
254 4815-4845 Bradenton Road Sarasota Sarasota FL 34234
255 4711 Waldrop Drive Forest Park Clayton GA 30297
256 911 North Circle Drive and 1005 West Highway 50 Colorado Springs El Paso and
and Pueblo Pueblo CO Various
257 24021 Alessandro Boulevard Moreno Valley Riverside CA 92553
258 25 Teaneck Road Ridgefield Park Bergen NJ 07660
259 4404 Ruddell Road SE Lacey Thurston WA 98503
260 3627 Gillham Road Kansas City Jackson MO 64111
261 515 W. Main Street Allen Collin TX 75013
262 21308 Pathfinder Road Diamond Bar Los Angeles CA 91765
263 602/620 Auburn Way South Auburn King WA 98002
264 34706-34730 Plymouth Road Livonia Wayne MI 48150
265 202 27th Avenue SE Puyallup Pierce WA 98374
266 16308 B Street East Spanaway Pierce WA 98445
267 2458 Westgate Drive Commerce Hunt TX 75148
268 25151 Dequindre Road Madison Heights Oakland MI 48071
269 27000 Joy Road Redford Wayne MI 48239
270 41-995 Boardwalk Palm Desert Riverside CA 92211
271 2122 Woodnote Garland Dallas TX 75040
272 2204 San Gabriel Street Austin Travis TX 78705
273 1301-B Governor Court Abingdon Harford MD 21040
274 5906-5912 Park Heights Avenue Baltimore Baltimore MD 21215
275 640-660 South Porter Street Manchester Hillsborough NH 03103
276 3524 Buckingham Road Garland Dallas TX 75042
277 5401 56th Street Lubbock Lubbock TX 79414
278 11100 4th Avenue West Everett Snohomish WA 98204
279 1742 Woodvine Drive Houston Harris TX 77055
280 3700 Manchaca Road Austin Travis TX 78704
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# Property Name Manager
- ------------- -------
<S> <C> <C>
281 Wilshire Estates MHP VSOP, Inc.
282 Hollywood Video Owner Managed
283 5 Milk Street Fore River Company
284 Cardi Building DiFelice B.C. Inc.
285 Boulevard of Chevy Chase Apartments Town & Country Investments, LLC
286 10 McKinley Street B & B Realty, LLC
287 Londonaire Townhouses Vinod K. Luthra
288 Heon Court Apartments Theresa Dube
289 One Cameron Place Shopping Center British American Cattle Company
290 197 U.S. Route One Owner Managed
291 980 Forest Avenue Owner Managed
292 Chandler Crossing Apartments Cascavilla Properties
293 Kingswood Place Apartments Alori Properties
294 4525-4535 McEwen Road Owner Managed
295 Doms Metroplex Park EED Enterprises
296 Baxter Mills Apartments Owner Managed
297 Seven Eleven Mosbacher Properties, Inc.
298 Royal North Apartments SSL Investments, L.L.C.
299 3314 Mount Pleasant Apartments Owner Managed
300 Virginia Apartments Owner Managed
301 Pagewood Oval Apartments Lannan Company, Inc.
302 Creekview Condominiums Owner Managed
303 Park Hill Apartments Bhoopinder S. Mehta
304 Amherst Gardens Owner Managed
305 Arlington Arms Apartments Arlington Arms LLC
306 Rebecca Apartments Owner Managed
307 Barstow Plaza Owner Managed
308 Fleur de Lis Apartments Owner Managed
309 2602 Penny Lane 213 West 4th St. Partners G.P.
310 3246 Navarre Avenue Tom Helberg (husband of 50% of borrower)
311 Tara Apartments Owner Managed
312 Mark V Apartments 213 West 4th St. Partners G.P.
313 Hallmark Apartments Alori Properties Management
314 Mirage Apartments Kit Lane Condominiums
315 Main Street Studios Owner Managed
316 Summertree Apartments Bobby R. Collins
317 Prestige State Bank West Clinton Associates LLC
318 Masonic Temple Radhey Khanna
<CAPTION>
Zip
# Address City County State Code
- ------- ---- ------ ----- ----
<S> <C> <C> <C> <C> <C>
281 228 Billy Avenue Warner Robins Houston GA 31093
282 6473 Niles Street Bakersfield Kern CA 93301
283 5 Milk Street Portland Cumberland ME 04112
284 833 Phillips Road Victor Ontario NY 14564
285 4733 Bradley Boulevard Bethesda Montgomery MD 20815
286 10 McKinley Street Closter Bergen NJ 07624
287 6119 Strauss Road Lockport Niagara NY 14094
288 109-111 Allds Street Nashua Hillsborough NH 03060
289 7901 Cameron Road Austin Travis TX 78753
290 197 US Route 1 Scarborough Cumberland ME 04074
291 980 Forest Avenue Portland Cumberland ME 04103
292 809 N. Broad Chandler Henderson TX 75758
293 4318 Bull Creek Road Austin Travis TX 78731
294 4525-4535 McEwen Road Farmers Branch Dallas TX 75244
295 72-096 Dunham Way Thousand Palms Riverside CA 92211
296 80 Buffumsville Road Somersworth Strafford NH 03878
297 112-05/11 Liberty Avenue Ozone Park Queens NY 11419
298 4422 & 4525 Weaver Road Houston Harris TX 77016
299 3314 Mount Pleasant Washington Lucas DC 20010
300 2010 Betty Lane Richmond Henrico VA 23226
301 6 Page Road Litchfield N/A NH 03052
302 1601 Beltline Road Garland Dallas TX 75044
303 250 Johnson Street Palmyra Wayne NY 14522
304 464 Boston Post Road Amherst Hillsborough NH 03031
305 18 1/2 Arlington Street Nashua Hillsborough NH 03060
306 9707 Timberside Houston Harris TX 77025
307 1303-1311 E. Main Street Barstow San Bernardino CA 92311
308 100 South Williams Street Natchitoches Natchitoches LA 71457
309 2602 Penny Lane Austin Travis TX 78757
310 3246 Navarre Avenue Oregon Lucas OH 43616
311 65 Lambert Street Portland Cumberland ME 04102
312 3914 Avenue D Austin Travis TX 78751
313 710 W. 34th Street Austin Travis TX 78703
314 13343 Maham Road Dallas Dallas TX 75240
315 4311 Main Street Dallas Dallas TX 75226
316 312 Second Street Natchitoches Natchitoches LA 71457
317 92 Old Highway 22 (SR 173) Clinton Hunterdon NJ 08809
318 90 Washington Street Dover Strafford NH 03840
</TABLE>
(1A) The Mortgage Loans secured by 250 South Clinton Street, GATX Warehouse,
1001 and 1011 Airport Industrial Park, Northeast Industrial Building #
21, 507 Plum Street, Zanesville, Northeast Industrial Building # 8,
Northeast Industrial Building # 22, 4, 5 & 8 Marway Circle, Marysville
and One Clinton Square, respectively, are cross-collateralized and
cross-defaulted.
(1B) The Mortgage Loans secured by The 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. Such Mortgage Loans require
payments of interest only for their entire terms.
(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 Mobile Estates, 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 $12,240,000.
(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 has an interest only period of 24 months from
origination and thereafter is scheduled to amortize over 336 months.
(3) Green's Corner Shopping Center 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 of Maine, Inc. provides for an
increase in the amount of the monthly payment to $24,426.87 in July 2008.
The Underwritten DSCR presented herein with respect to the mortgage loan
is based on monthly payment in effect as of December 1, 1998.
<PAGE>
Characteristics of the Mortgage Loans
<TABLE>
<CAPTION>
Original Remaining
Original Percentage of Amortization Amortization
Principal Cut-off Date Initial Term Term
# Property Name (1) Balance Balance (6) Pool Balance (months) (months)
- ----------------- ------- ----------- ------------ -------- --------
<S> <C> <C> <C> <C> <C> <C>
1 Chanin Building $75,000,000 $74,732,033 6.5% 300 297
2 250 South Clinton Street (1A) $16,560,000 $16,547,710 1.4% 360 359
3 GATX Warehouse (1A) $11,120,000 $11,111,747 1.0% 360 359
4 1001 and 1011 Airport Industrial Park (1A) $7,280,000 $7,274,597 0.6% 360 359
5 Northeast Industrial Park Building # 21 (1A) $5,280,000 $5,276,081 0.5% 360 359
6 507 Plum Street (1A) $5,200,000 $5,196,141 0.5% 360 359
7 Zanesville (1A) $4,600,000 $4,596,586 0.4% 360 359
8 Northeast Industrial Park Building # 8 (1A) $4,320,000 $4,316,794 0.4% 360 359
9 Northeast Industrial Park Building # 22 (1A) $3,680,000 $3,677,269 0.3% 360 359
10 4, 5 & 8 Marway Circle (1A) $3,540,000 $3,537,373 0.3% 360 359
11 Marysville (1A) $2,240,000 $2,238,338 0.2% 360 359
12 One Clinton Square (1A) $1,680,000 $1,678,753 0.1% 360 359
13 The Center at Rancho Niguel (1B) $23,000,000 $22,979,767 2.0% 360 359
14 The Edwards Center at Rancho Niguel (1B) $5,700,000 $5,694,986 0.5% 360 359
15 Rivertree Court Shopping Center (1C) $18,190,000 $18,190,000 1.6% IO IO
16 Woodland Heights Shopping Center (1C) $3,100,000 $3,100,000 0.3% IO IO
17 Winnetka Commons Shopping Center (1C) $2,375,000 $2,375,000 0.2% IO IO
18 Berwyn Plaza Shopping Center (1C) $740,000 $740,000 0.1% IO IO
19 Walgreen's Store (1C) $595,000 $595,000 0.1% IO IO
20 Heritage Pointe $25,000,000 $24,982,355 2.2% 360 359
21 Best Western Inn of Chicago $22,000,000 $21,883,901 1.9% 240 237
22 Christiana Hilton Inn - Newark, DE $21,500,000 $21,450,788 1.9% 300 298
23 Embassy Crossing (2) $20,000,000 $20,000,000 1.7% 336 336
24 Jefferson at Treetops Apartments $19,600,000 $19,540,212 1.7% 360 356
25 Dominion Tower & Parking Garage $18,700,000 $18,600,917 1.6% 300 295
26 Holiday Inn Hurstbourne $18,500,000 $18,402,920 1.6% 300 295
27 Blue Ash Portfolio (1D) $10,839,000 $10,814,420 0.9% 360 357
28 Springdale Office Center (1D) $3,766,000 $3,757,460 0.3% 360 357
29 Executive Center East (1D) $1,120,000 $1,117,460 0.1% 360 357
30 McDonald's (1D) $275,000 $274,376 0.0% 360 357
31 11 Park Place $15,000,000 $14,946,276 1.3% 360 355
32 Twin Creek Apartments $12,800,000 $12,752,406 1.1% 360 355
33 Storage Box / Stowaway Storage (1E) $6,160,000 $6,133,110 0.5% 300 296
34 Maplewood Mobile Estates (1E) $5,840,000 $5,822,523 0.5% 360 356
35 Corporate Office Park $11,300,000 $11,222,769 1.0% 360 350
36 Knights Bridge II Apartments $9,650,000 $9,615,263 0.8% 360 355
37 Preston Stonebrooke Shopping Center $8,900,000 $8,885,682 0.8% 360 358
38 Run in Foods DP #4 (1F) $2,604,000 $2,576,894 0.2% 240 233
39 Run in Foods DP #7 (1F) $2,429,000 $2,403,716 0.2% 240 233
40 Run in Foods #401 (1F) $882,000 $872,819 0.1% 240 233
41 Run in Foods #406 (1F) $859,675 $850,726 0.1% 240 233
42 Run in Foods #402 (1F) $782,000 $773,860 0.1% 240 233
43 Run in Foods #403 (1F) $632,000 $625,421 0.1% 240 233
44 Run in Foods #404 (1F) $443,850 $439,230 0.0% 240 233
45 Run in Foods #410 (1F) $67,475 $66,773 0.0% 240 233
46 Super 8-Midtown (1G) $5,800,000 $5,778,801 0.5% 240 238
47 Super 8-East (1G) $1,600,000 $1,594,152 0.1% 240 238
48 Super 8-West (1G) $1,200,000 $1,195,614 0.1% 240 238
49 Wellington Woods & Lakes $8,200,000 $8,163,754 0.7% 360 354
50 Hampton Inn - Indianapolis, IN $8,050,000 $8,007,182 0.7% 300 295
51 Chidlaw Building $8,000,000 $7,977,577 0.7% 360 356
52 Mahwah Business Park $8,000,000 $7,964,752 0.7% 300 296
53 Grandview Garden Apartments $7,750,000 $7,732,025 0.7% 360 357
54 Cornerstone Office Park $7,500,000 $7,493,668 0.7% 360 359
55 160 Pine Street $7,500,000 $7,483,711 0.7% 360 357
56 River Run Apartments $7,500,000 $7,466,848 0.6% 360 354
57 180 N. Michigan Avenue Office Building $7,300,000 $7,279,388 0.6% 360 356
58 Oak Hills Apartments $7,240,000 $7,198,183 0.6% 360 350
59 145 Rosemary Street $7,000,000 $6,983,919 0.6% 300 298
60 Holiday Inn - Metroplex-Youngstown, OH $7,000,000 $6,977,499 0.6% 300 297
61 Tierra Verde Marine Center $6,900,000 $6,863,370 0.6% 300 295
62 MCOM Building $6,900,000 $6,836,759 0.6% 240 235
63 Mayport Trace Apartments $6,800,000 $6,790,078 0.6% 360 358
64 Mercantile Bank Building $6,800,000 $6,776,289 0.6% 300 297
<CAPTION>
Original Remaining
Term to Term to First
Maturity Maturity Mortgage Monthly Payment Maturity Prepayment Provision Defeasance
# (months) (7) months) (7) Rate Payment Date Date ARD (8) as of Origination Option (9)
- ------------ ----------- ---- ------- ---- ---- ------- ----------------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 120 117 6.930% $526,739.98 10/1/98 6/1/22 9/1/08 L (9.5), O (0.5) Yes
2 120 119 7.500% $115,789.92 12/1/98 11/1/08 L (9.5), O (0.5) Yes
3 120 119 7.500% $77,752.65 12/1/98 11/1/08 L (9.5), O (0.5) Yes
4 120 119 7.500% $50,902.82 12/1/98 11/1/08 L (9.5), O (0.5) Yes
5 120 119 7.500% $36,918.53 12/1/98 11/1/08 L (9.5), O (0.5) Yes
6 120 119 7.500% $36,359.15 12/1/98 11/1/08 L (9.5), O (0.5) Yes
7 120 119 7.500% $32,163.87 12/1/98 11/1/08 L (9.5), O (0.5) Yes
8 120 119 7.500% $30,206.07 12/1/98 11/1/08 L (9.5), O (0.5) Yes
9 120 119 7.500% $25,731.09 12/1/98 11/1/08 L (9.5), O (0.5) Yes
10 120 119 7.500% $24,752.19 12/1/98 11/1/08 L (9.5), O (0.5) Yes
11 120 119 7.500% $15,662.40 12/1/98 11/1/08 L (9.5), O (0.5) Yes
12 120 119 7.500% $11,746.80 12/1/98 11/1/08 L (9.5), O (0.5) Yes
13 120 119 6.640% $147,499.71 12/1/98 11/1/08 L (9.5), O (0.5) Yes
14 120 119 6.640% $36,554.28 12/1/98 11/1/08 L (9.5), O (0.5) Yes
15 120 119 7.000% $106,108.33 12/1/98 11/1/08 L (9.5), O (0.5) Yes
16 120 119 7.000% $18,083.33 12/1/98 11/1/08 L (9.5), O (0.5) Yes
17 120 119 7.000% $13,854.17 12/1/98 11/1/08 L (9.5), O (0.5) Yes
18 120 119 7.000% $4,316.67 12/1/98 11/1/08 L (9.5), O (0.5) Yes
19 120 119 7.000% $3,470.83 12/1/98 11/1/08 L (9.5), O (0.5) Yes
20 120 119 7.750% $179,103.06 12/1/98 11/1/08 L (9.5), O (0.5) Yes
21 120 117 7.450% $176,558.50 10/1/98 9/1/18 9/1/08 L (9.5), O (0.5) Yes
22 120 118 6.980% $151,683.33 11/1/98 10/1/23 0/1/08 L (9.5), O (0.5) Yes
23 120 116 7.090% $137,109.41 9/1/98 8/1/08 L (9.5), O (0.5) Yes
24 120 116 6.810% $127,907.92 9/1/98 8/1/08 L (9.5), O (0.5) Yes
25 120 115 7.340% $136,251.07 8/1/98 7/1/08 L (9.5), O (0.5) Yes
26 120 115 7.390% $135,392.43 8/1/98 7/1/23 7/1/08 L (9.5), O (0.5) Yes
27 120 117 7.020% $72,257.78 10/1/98 9/1/08 L (9.5), O (0.5) Yes
28 120 117 7.020% $25,105.90 10/1/98 9/1/08 L (9.5), O (0.5) Yes
29 120 117 7.020% $7,466.44 10/1/98 9/1/08 L (9.5), O (0.5) Yes
30 120 117 7.020% $1,833.28 10/1/98 9/1/08 L (9.5), O (0.5) Yes
31 120 115 6.970% $99,493.34 8/1/98 7/1/08 L (9.5), O (0.5) Yes
32 120 115 6.820% $83,617.02 8/1/98 7/1/08 L (9.5), O (0.5) Yes
33 120 116 7.270% $44,604.31 9/1/98 8/1/08 L (9.5), O (0.5) Yes
34 120 116 6.890% $38,423.19 9/1/98 8/1/08 L (9.5), O (0.5) Yes
35 120 110 7.610% $79,864.12 3/1/98 1/31/08 L (10) Yes
36 120 115 6.950% $63,877.97 8/1/98 7/1/08 L (5), YM 1% (4.5), O (0.5) No
37 120 118 6.560% $56,605.70 11/1/98 10/1/08 L (9.5), O (0.5) Yes
38 120 113 8.520% $22,631.09 6/1/98 5/1/08 L (9.42), O (0.58) Yes
39 120 113 8.520% $21,110.18 6/1/98 5/1/08 L (9.42), O (0.58) Yes
40 120 113 8.520% $7,665.37 6/1/98 5/1/08 L (9.42), O (0.58) Yes
41 120 113 8.520% $7,471.34 6/1/98 5/1/08 L (9.42), O (0.58) Yes
42 120 113 8.520% $6,796.28 6/1/98 5/1/08 L (9.42), O (0.58) Yes
43 120 113 8.520% $5,492.65 6/1/98 5/1/08 L (9.42), O (0.58) Yes
44 120 113 8.520% $3,857.45 6/1/98 5/1/08 L (9.42), O (0.58) Yes
45 120 113 8.520% $586.42 6/1/98 5/1/08 L (9.42), O (0.58) Yes
46 240 238 7.000% $44,967.34 11/1/98 10/1/18 L (19.42), O (0.58) Yes
47 240 238 7.000% $12,404.78 11/1/98 10/1/18 L (19.42), O (0.58) Yes
48 240 238 7.000% $9,303.59 11/1/98 10/1/18 L (19.42), O (0.58) Yes
49 120 114 6.980% $54,444.71 7/1/98 6/1/08 L (5), YM 1% (4.42), O (0.58) Both
50 120 115 7.320% $58,549.49 8/1/98 7/1/23 7/1/08 L (9.5), O (0.5) Yes
51 120 116 7.160% $54,086.60 9/1/98 8/1/08 L (9.5), O (0.5) Yes
52 120 116 7.220% $57,670.02 9/1/98 8/1/08 L (9.5), O (0.5) Yes
53 180 177 6.920% $51,145.23 10/1/98 9/1/13 L (14.5), O (0.5) Yes
54 120 119 6.850% $49,144.44 12/1/98 11/1/08 L (9.5), O (0.5) Yes
55 120 117 7.210% $50,959.90 10/1/98 9/1/08 L (9.5), O (0.5) Yes
56 120 114 6.980% $49,796.99 7/1/98 6/1/08 L (5), YM 1% (4.42), O (0.58) Both
57 120 116 7.130% $49,206.09 9/1/98 8/1/08 L (9.5), O (0.5) Yes
58 84 74 8.330% $54,799.42 3/1/98 2/1/05 L (2), 1% (3), O (2) No
59 120 118 6.960% $49,296.07 11/1/98 10/1/08 L (9.5), O (0.5) Yes
60 120 117 7.530% $51,866.06 10/1/98 9/1/23 9/1/08 L (9.5), O (0.5) Yes
61 120 115 7.330% $50,229.86 8/1/98 7/1/23 7/1/08 L (9.5), O (0.5) Yes
62 240 235 7.480% $55,501.58 8/1/98 7/1/18 L (19.5), O (0.5) Yes
63 120 118 6.970% $45,103.65 11/1/98 10/1/08 L (9.5), O (0.5) Yes
64 120 117 7.070% $48,365.07 10/1/98 9/1/08 L (9.5), O (0.5) Yes
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Original Remaining
Original Percentage of Amortization Amortization
Principal Cut-off Date Initial Term Term
# Property Name (1) Balance Balance (6) Pool Balance (months) (months)
- ----------------- ------- ----------- ------------ -------- --------
<S> <C> <C> <C> <C> <C> <C>
65 Brook Forest Apartments $6,600,000 $6,581,227 0.6% 360 356
66 Midfield Shopping Center $6,500,000 $6,489,738 0.6% 360 358
67 Far East Plaza $6,500,000 $6,484,764 0.6% 300 298
68 Highland Square Shopping Center $6,350,000 $6,336,379 0.6% 300 298
69 Spanish Villa Apartments $6,300,000 $6,284,400 0.5% 300 298
70 Greens Corner Shopping Center (3) $6,240,000 $6,240,000 0.5% 336 336
71 Mountain Ridge Apartments $6,200,000 $6,178,732 0.5% 360 355
72 Radisson Suites - Huntsville, AL $6,050,000 $6,012,231 0.5% 180 178
73 Holiday Campground $6,000,000 $5,981,166 0.5% 360 355
74 Plantation Meadows Apartments $5,850,000 $5,832,325 0.5% 360 356
75 Gresham Townhomes $5,650,000 $5,624,359 0.5% 360 354
76 Lakewood Apartments $5,600,000 $5,584,071 0.5% 360 356
77 Imperial Plaza Shopping Center $5,400,000 $5,395,465 0.5% 356 355
78 Super 8 - Las Vegas, NV $5,400,000 $5,380,263 0.5% 240 238
79 Thunder Hollow $5,400,000 $5,376,131 0.5% 360 354
80 Woodlake Village Apartments $5,240,000 $5,231,766 0.5% 360 358
81 K-Mart Montwood Point $5,250,000 $5,226,550 0.5% 216 214
82 Trabuco Marketplace $5,200,000 $5,191,635 0.5% 360 358
83 Indian Valley Apartments $5,200,000 $5,184,735 0.5% 360 356
84 Flamingo West Centre $5,200,000 $5,182,026 0.5% 300 297
85 Mill Creek Shopping Center $5,200,000 $5,156,062 0.4% 240 235
86 High Vista Apartments $5,100,000 $5,088,408 0.4% 360 357
87 Woodland Office Center $5,100,000 $5,081,203 0.4% 300 297
88 Bayfair Apartments $5,100,000 $5,078,525 0.4% 360 354
89 University Green Apartments $5,000,000 $4,992,290 0.4% 360 358
90 El Dorado Mobile Home Estates $5,000,000 $4,987,467 0.4% 360 357
91 Holiday Inn - Danbury, CT $5,000,000 $4,979,134 0.4% 300 296
92 Country Inn & Suites Hotel $5,000,000 $4,968,786 0.4% 180 178
93 Center Ridge Apartments $4,816,000 $4,795,622 0.4% 360 354
94 The Marriott Building $4,800,000 $4,779,387 0.4% 228 226
95 Silicon Valley Inn $4,700,000 $4,694,503 0.4% 300 299
96 Best Western - Sunnyvale $4,600,000 $4,594,723 0.4% 300 299
97 Golden Valley Commons $4,550,000 $4,543,457 0.4% 360 358
98 West Park Place $4,500,000 $4,483,613 0.4% 300 297
99 Naperville Office Court $4,500,000 $4,484,524 0.4% 360 355
100 Holiday Inn Express Hotel & Suites
- Mountain View, CA $4,400,000 $4,384,751 0.4% 240 238
101 Best Buy / Drug Emporium $4,230,000 $4,211,500 0.4% 300 296
102 Medical Arts Building $4,150,000 $4,136,799 0.4% 360 355
103 Comfort Inn - Sunnyvale $4,100,000 $4,095,296 0.4% 300 299
104 Holiday Inn North Denver $4,100,000 $4,079,752 0.4% 300 295
105 Windlands Shopping Center (4) $3,900,000 $3,900,000 0.3% 336 336
106 Northborough Woods Apartments $3,900,000 $3,880,220 0.3% 360 353
107 Madison Building $3,850,000 $3,829,125 0.3% 300 295
108 Victory Townhomes $3,850,000 $3,833,023 0.3% 360 354
109 Dairy Plaza Shopping Center $3,760,000 $3,743,186 0.3% 300 296
110 Comfort Inn - Concord, NH $3,750,000 $3,741,417 0.3% 300 298
111 Peconic Plaza $3,675,000 $3,662,519 0.3% 300 297
112 Bayou Village Place Apartments $3,600,000 $3,594,772 0.3% 360 358
113 Country Suites - Chattanooga, TN $3,550,000 $3,542,357 0.3% 300 298
114 Southlake Plaza II $3,540,000 $3,525,421 0.3% 360 354
115 531 West Deming $3,500,000 $3,494,642 0.3% 360 358
116 Camelot Apartments $3,500,000 $3,487,684 0.3% 360 355
117 Sevilla Apartments $3,500,000 $3,484,678 0.3% 360 354
118 The Way III Apartments $3,500,000 $3,480,251 0.3% 300 295
119 Glenview Office and Industrial Park $3,460,000 $3,454,690 0.3% 360 358
120 Hampton Inn - Decatur, AL $3,450,000 $3,428,463 0.3% 180 178
121 Mission Industrial Park (1H) $1,850,000 $1,847,624 0.2% 300 299
122 Jurupa Business Park (1H) $1,545,000 $1,542,864 0.1% 360 358
123 Colony Square Shopping Center $3,400,000 $3,388,493 0.3% 300 297
124 Vintage Business Park $3,400,000 $3,381,424 0.3% 300 295
125 Bruno's Shopping Center $3,300,000 $3,243,772 0.3% 264 252
126 Crossroads Shopping Center $3,225,000 $3,203,312 0.3% 300 294
127 High Country Plaza $3,200,000 $3,197,320 0.3% 360 359
128 Glencoe Avenue Industrial $3,200,000 $3,195,319 0.3% 360 358
129 St. Charles Apartments (1I) $1,595,000 $1,588,971 0.1% 240 238
130 St. James Apartments (1I) $1,595,000 $1,588,971 0.1% 240 238
131 Plaza at Sunrise $3,050,000 $3,036,512 0.3% 300 296
132 Shannon Arms III Apartments $3,050,000 $3,036,744 0.3% 360 354
133 River Valley Square Shopping Center $2,975,000 $2,964,951 0.3% 360 355
134 Rio Commercial Center $2,962,500 $2,952,134 0.3% 300 297
135 Alexis Apartment Complex $2,950,000 $2,939,984 0.3% 360 355
136 Beltway Plaza 4710 $2,925,000 $2,918,412 0.3% 360 357
<CAPTION>
Original Remaining
Term to Term to First
Maturity Maturity Mortgage Monthly Payment Maturity Prepayment Provision Defeasance
# (months) (7) months) (7) Rate Payment Date Date ARD (8) as of Origination Option (9)
- ------------ ----------- ---- ------- ---- ---- ------- ----------------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
65 120 116 7.100% $44,354.11 9/1/98 8/1/08 L (9.5), O (0.5) Yes
66 120 118 6.640% $41,684.70 11/1/98 10/1/08 L (9.5), O (0.5) Yes
67 180 178 6.850% $45,320.55 11/1/98 10/1/13 L (14.5), O (0.5) Yes
68 120 118 7.330% $46,226.03 11/1/98 10/1/08 L (9.5), O (0.5) Yes
69 300 298 7.000% $44,527.09 11/1/98 10/1/23 L (24.5), O (0.5) Yes
70 120 115 7.350% $43,856.09 8/1/98 7/1/08 L (9.5), O (0.5) Yes
71 120 115 7.140% $41,833.34 8/1/98 7/1/08 L (9.5), O (0.5) Yes
72 180 178 6.810% $53,738.48 11/1/98 10/1/13 L (14.5), O (0.5) Yes
73 120 115 7.480% $41,870.73 8/1/98 7/1/08 L (9.5), O (0.5) Yes
74 120 116 6.850% $38,332.66 9/1/98 8/1/08 L (9.5), O (0.5) Yes
75 120 114 6.870% $37,097.60 7/1/98 6/1/08 L (9.5), O (0.5) Yes
76 120 116 7.100% $37,633.79 9/1/98 8/1/08 L (9.5), O (0.5) Yes
77 115 114 7.000% $36,035.41 12/1/98 6/1/08 L (3), YM 1% (6.5), O (0.08) No
78 240 238 7.000% $41,866.14 11/1/98 10/1/18 L (19.42), O (0.58) Yes
79 120 114 6.980% $35,853.83 7/1/98 6/1/08 L (5), YM 1% (4.42), O (0.58) Both
80 120 118 6.660% $33,673.65 11/1/98 10/1/08 L (9.5), O (0.5) Yes
81 216 214 6.990% $42,783.20 11/1/98 10/1/16 L (17.5), O (0.5) Yes
82 180 178 6.560% $33,072.99 11/1/98 10/1/13 L (14.5), O (0.5) Yes
83 120 116 6.970% $34,491.02 9/1/98 8/1/08 L (9.5), O (0.5) Yes
84 120 117 7.120% $37,151.54 10/1/98 9/1/08 L (9.5), O (0.5) Yes
85 240 235 7.550% $42,049.97 8/1/98 7/1/18 L (19.5), O (0.5) Yes
86 120 117 7.010% $33,964.69 10/1/98 9/1/08 L (9.5), O (0.5) Yes
87 120 117 6.750% $35,236.49 10/1/98 9/1/23 9/1/08 L (9.5), O (0.5) Yes
88 120 114 7.180% $34,549.18 7/1/98 6/1/08 L (9.5), O (0.5) Yes
89 120 118 6.740% $32,396.68 11/1/98 10/1/08 L (9.5), O (0.5) Yes
90 120 117 6.570% $31,833.93 10/1/98 9/1/08 L (9.5), O (0.5) Yes
91 120 116 7.510% $36,982.09 9/1/98 8/1/23 8/1/08 L (9.5), O (0.5) Yes
92 180 178 6.810% $44,411.97 11/1/98 10/1/13 L (14.5), O (0.5) Yes
93 120 114 7.160% $32,560.13 7/1/98 6/1/08 L (9.5), O (0.5) Yes
94 144 142 6.500% $36,713.09 11/1/98 10/1/10 L (11.5), O (0.5) Yes
95 120 119 7.340% $34,244.92 12/1/98 11/1/08 L (9.5), O (0.5) Yes
96 120 119 7.460% $33,874.00 12/1/98 11/1/08 L (9.5), O (0.5) Yes
97 180 178 7.030% $30,362.99 11/1/98 10/1/13 L (14.5), O (0.5) Yes
98 120 117 6.820% $31,290.22 10/1/98 9/1/08 L (9.5), O (0.5) Yes
99 120 115 7.130% $30,332.52 8/1/98 7/1/08 L (9.5), O (0.5) Yes
100 240 238 7.390% $35,150.74 11/1/98 10/1/18 L (19.5), O (0.5) Yes
101 120 116 7.260% $30,601.99 9/1/98 8/1/08 L (9.5), O (0.5) Yes
102 60 55 7.430% $28,818.74 8/1/98 7/1/03 L (4.5), O (0.5) Yes
103 120 119 7.460% $30,192.04 12/1/98 11/1/08 L (9.5), O (0.5) Yes
104 120 115 7.700% $30,834.02 8/1/98 7/1/23 7/1/08 L (9.5), O (0.5) Yes
105 120 115 7.260% $27,176.07 8/1/98 7/1/08 L (9.5), O (0.5) Yes
106 120 113 6.980% $25,894.43 6/1/98 5/1/08 L (9.5), O (0.5) Yes
107 120 115 7.220% $27,753.70 8/1/98 7/1/08 L (9.5), O (0.5) Yes
108 120 114 6.990% $25,588.29 7/1/98 6/1/08 L (9.5), O (0.5) Yes
109 120 116 7.140% $26,911.64 9/1/98 8/1/08 L (9.5), O (0.5) Yes
110 120 118 6.980% $26,456.39 11/1/98 10/1/08 L (9.5), O (0.5) Yes
111 120 117 7.220% $26,492.16 10/1/98 9/1/08 L (9.5), O (0.5) Yes
112 120 118 6.990% $23,926.72 11/1/98 10/1/08 L (9.5), O (0.5) Yes
113 120 118 7.310% $25,797.03 11/1/98 10/1/08 L (9.5), O (0.5) Yes
114 120 114 7.270% $24,197.08 7/1/98 6/1/08 L (9.5), O (0.5) Yes
115 120 118 6.770% $22,747.48 11/1/98 10/1/08 L (9.5), O (0.5) Yes
116 120 115 7.040% $23,379.69 8/1/98 7/1/08 L (9.5), O (0.5) Yes
117 120 114 7.020% $23,332.62 7/1/98 6/1/08 L (9.5), O (0.5) Yes
118 180 175 7.010% $24,759.60 8/1/98 7/1/13 L (14.5), O (0.5) Yes
119 120 118 6.760% $22,464.50 11/1/98 10/1/08 L (9.5), O (0.5) Yes
120 180 178 6.810% $30,644.26 11/1/98 10/1/13 L (14.5), O (0.5) Yes
121 120 119 6.750% $12,781.86 12/1/98 11/1/08 L (9.5), O (0.5) Yes
122 120 118 7.190% $10,476.82 11/1/98 10/1/08 L (9.5), O (0.5) Yes
123 120 117 7.240% $24,553.53 10/1/98 9/1/08 L (9.5), O (0.5) Yes
124 120 115 7.180% $24,422.31 8/1/98 7/1/08 L (9.5), O (0.5) Yes
125 180 168 7.680% $25,932.88 1/1/98 12/1/12 L (14.5), O (0.5) Yes
126 180 174 7.160% $23,123.85 7/1/98 6/1/13 L (14.5), O (0.5) Yes
127 120 119 6.890% $21,053.80 12/1/98 11/1/08 L (9.5), O (0.5) Yes
128 120 118 6.960% $21,203.78 11/1/98 10/1/08 L (9.5), O (0.5) Yes
129 120 118 6.750% $12,127.81 11/1/98 10/1/08 L (9.5), O (0.5) Yes
130 120 118 6.750% $12,127.81 11/1/98 10/1/08 L (9.5), O (0.5) Yes
131 120 116 7.200% $21,947.46 9/1/98 8/1/08 L (9.5), O (0.5) Yes
132 120 114 7.050% $20,394.25 7/1/98 6/1/08 L (9.5), O (0.5) Yes
133 120 115 7.200% $20,193.95 8/1/98 7/1/08 L (9.5), O (0.5) Yes
134 120 117 7.050% $21,032.92 10/1/98 9/1/08 L (9.5), O (0.5) Yes
135 180 175 7.180% $19,984.33 8/1/98 7/1/13 L (14.5), O (0.5) Yes
136 120 117 7.050% $19,558.42 10/1/98 9/1/08 L (9.5), O (0.5) Yes
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Original Remaining
Original Percentage of Amortization Amortization
Principal Cut-off Date Initial Term Term
# Property Name (1) Balance Balance (6) Pool Balance (months) (months)
- ----------------- ------- ----------- ------------ -------- --------
<S> <C> <C> <C> <C> <C> <C>
137 Casa Linda MHP $2,880,000 $2,876,077 0.3% 360 358
138 Mesa Ridge Apartments $2,850,000 $2,843,795 0.2% 300 298
139 Vintage Business Park II $2,850,000 $2,842,693 0.2% 300 298
140 Mountain Village Shopping Center $2,850,000 $2,834,250 0.2% 300 295
141 Rock River Tower Apartments $2,800,000 $2,795,314 0.2% 360 358
142 Durango Plaza Retail Center $2,800,000 $2,793,858 0.2% 300 298
143 Beatrice Avenue Industrial $2,750,000 $2,740,791 0.2% 300 297
144 Miller Apartments $2,715,000 $2,712,775 0.2% 360 359
145 University Square Outlet Mall $2,700,000 $2,696,587 0.2% 300 299
146 Ridgewood Plaza $2,700,000 $2,692,339 0.2% 360 356
147 Chase Village Apartments $2,700,000 $2,691,090 0.2% 360 355
148 Warsaw Village Shopping Center $2,650,000 $2,646,461 0.2% 300 299
149 Provident Place Office Building $2,650,000 $2,645,982 0.2% 360 358
150 920 S. Waukegan Road $2,650,000 $2,643,121 0.2% 300 298
151 Amberley Suite Hotel $2,650,000 $2,633,457 0.2% 180 178
152 Rite-Aid of Maine, Inc. (5) $2,625,000 $2,608,053 0.2% 307 301
153 Stuart Towne Apartments $2,600,000 $2,578,376 0.2% 252 247
154 Santa Ana Villa $2,550,000 $2,546,021 0.2% 360 358
155 Orland Park Outlots $2,500,000 $2,489,830 0.2% 360 354
156 Brazos Square Shopping Center $2,500,000 $2,488,424 0.2% 300 296
157 Community Mall $2,500,000 $2,467,051 0.2% 144 141
158 Comfort Inn - Fife, WA $2,450,000 $2,444,911 0.2% 300 298
159 Aspen Business Center $2,425,000 $2,421,580 0.2% 360 358
160 Hampton Inn - Ft. Pierce, FL $2,400,000 $2,396,482 0.2% 276 275
161 Oak Tree Mobile Home Park $2,400,000 $2,394,157 0.2% 300 298
162 Walnut Square Apartments $2,400,000 $2,390,965 0.2% 360 355
163 Royal Oaks Mobile Home Park $2,350,000 $2,347,823 0.2% 360 359
164 Plymouth Square Apartments $2,340,000 $2,329,575 0.2% 300 296
165 Watchung View Apartments $2,310,000 $2,304,820 0.2% 360 357
166 Embassy Apartments $2,270,000 $2,266,050 0.2% 360 358
167 Best Buy - West Dundee $2,250,000 $2,244,978 0.2% 360 357
168 1400 Destrehan Avenue $2,225,000 $2,219,495 0.2% 300 298
169 Breckenridge Condominiums $2,130,000 $2,126,716 0.2% 360 358
170 Rosemont Terrace Apartments $2,130,000 $2,122,371 0.2% 360 355
171 Days Inn - Dover, DE $2,100,000 $2,097,579 0.2% 300 299
172 Iberia Center $2,100,000 $2,096,958 0.2% 360 358
173 Shadydale Village Mobile Home Park $2,100,000 $2,095,307 0.2% 300 298
174 Park Terrace Shopping Center $2,100,000 $2,095,107 0.2% 360 357
175 Hanover Village Apartments $2,100,000 $2,093,895 0.2% 360 356
176 Travelodge Hotel--Seatac $2,100,000 $2,089,894 0.2% 300 295
177 Harlem Furniture $2,100,000 $2,088,578 0.2% 240 237
178 Tree Tops Apartments $2,100,000 $2,084,949 0.2% 360 350
179 Old Town Place Apartments $2,080,000 $2,075,606 0.2% 360 357
180 The Meadows Apartments $2,065,000 $2,057,604 0.2% 360 355
181 Chapman & Feldner Shopping Center $2,000,000 $1,995,645 0.2% 300 298
182 BCH Office Building $2,000,000 $1,992,928 0.2% 300 297
183 Colonial Pines Mobile Estates $2,000,000 $1,992,764 0.2% 360 355
184 NationsBank Professional Center $1,950,000 $1,947,050 0.2% 360 358
185 Belmeade Office Park $1,950,000 $1,945,618 0.2% 300 298
186 Central Building $1,925,000 $1,921,524 0.2% 240 239
187 710 Amsterdam Avenue $1,915,000 $1,912,089 0.2% 360 358
188 Sandstone Apartments & Vista North Apartments $1,900,000 $1,896,820 0.2% 360 358
189 Highland Park Place Shopping Center $1,850,000 $1,845,496 0.2% 300 298
190 Salem Creek Apartment Complex $1,850,000 $1,843,783 0.2% 360 355
191 Country Greens Apartments $1,850,000 $1,839,757 0.2% 300 295
192 Quail Ridge Apartments $1,840,000 $1,834,520 0.2% 360 356
193 Harold Gilstrap Shopping Center $1,800,000 $1,793,602 0.2% 300 297
194 Sahara West Plaza $1,800,000 $1,794,168 0.2% 360 355
195 Walgreen's $1,800,000 $1,792,496 0.2% 276 273
196 Econolodge - Bangor, ME $1,800,000 $1,792,615 0.2% 300 296
197 Comfort Inn - Bangor, ME $1,800,000 $1,792,615 0.2% 300 296
198 Point Clinton $1,800,000 $1,790,438 0.2% 240 237
199 Rite-Aid Pharmacy $1,760,000 $1,746,971 0.2% 240 236
200 Ravenscroft Apartments $1,750,000 $1,745,584 0.2% 360 357
201 Coach Country Corral MHP $1,750,000 $1,740,457 0.2% 300 295
202 Taft and Cleveland Paradise Apartments $1,750,000 $1,738,574 0.2% 300 294
203 Tyrone Village MHP $1,700,000 $1,698,607 0.1% 360 359
204 Steamboat Road $1,700,000 $1,697,983 0.1% 300 299
205 Kerr Station Village $1,700,000 $1,697,851 0.1% 300 299
206 Meadow Run Apartments $1,700,000 $1,692,877 0.1% 360 354
207 45 Church Street $1,700,000 $1,691,182 0.1% 300 295
208 New Brunswick Apartments $1,675,000 $1,671,244 0.1% 360 357
<CAPTION>
Original Remaining
Term to Term to First
Maturity Maturity Mortgage Monthly Payment Maturity Prepayment Provision Defeasance
# (months) (7) months) (7) Rate Payment Date Date ARD (8) as of Origination Option (9)
- ------------ ----------- ---- ------- ---- ---- ------- ----------------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
137 120 118 7.250% $19,646.68 11/1/98 10/1/08 L (9.5), O (0.5) Yes
138 120 118 7.250% $20,600.00 11/1/98 10/1/08 L (9.5), O (0.5) Yes
139 120 118 6.350% $18,977.13 11/1/98 10/1/08 L (9.5), O (0.5) Yes
140 120 115 7.120% $20,361.90 8/1/98 7/1/08 L (9.5), O (0.5) Yes
141 120 118 6.390% $17,495.84 11/1/98 10/1/08 L (9.5), O (0.5) Yes
142 120 118 7.210% $20,166.49 11/1/98 10/1/08 L (9.5), O (0.5) Yes
143 120 117 7.300% $19,965.86 10/1/98 9/1/08 L (9.5), O (0.5) Yes
144 120 119 7.000% $18,062.96 12/1/98 11/1/08 L (9.5), O (0.5) Yes
145 120 119 6.850% $18,825.46 12/1/98 11/1/08 L (9.5), O (0.5) Yes
146 120 116 7.110% $18,163.07 9/1/98 8/1/08 L (9.5), O (0.5) Yes
147 120 115 7.290% $18,492.07 8/1/98 7/1/08 L (9.5), O (0.5) Yes
148 120 119 6.500% $17,892.99 12/1/98 11/1/08 L (9.5), O (0.5) Yes
149 120 118 6.810% $17,293.67 11/1/98 10/1/08 L (9.5), O (0.5) Yes
150 120 118 6.280% $17,530.41 11/1/98 10/1/08 L (9.5), O (0.5) Yes
151 180 178 6.810% $23,538.34 11/1/98 10/1/13 L (14.5), O (0.5) Yes
152 240 234 7.080% $18,528.39 7/1/98 6/1/18 L (19.5), O (0.5) Yes
153 120 115 6.960% $19,657.07 8/1/98 7/1/08 L (9.5), O (0.5) Yes
154 120 118 6.690% $16,437.68 11/1/98 10/1/08 L (9.5), O (0.5) Yes
155 120 114 7.320% $17,173.27 7/1/98 6/1/08 L (9.5), O (0.5) Yes
156 120 116 6.950% $17,589.82 9/1/98 8/1/08 L (9.5), O (0.5) Yes
157 144 141 7.060% $25,789.56 10/1/98 9/1/10 L (11.5), O (0.5) Yes
158 120 118 7.500% $18,105.28 11/1/98 10/1/08 L (9.5), O (0.5) Yes
159 120 118 7.110% $16,313.13 11/1/98 10/1/08 L (9.5), O (0.5) Yes
160 120 119 7.000% $17,518.06 12/1/98 11/1/08 L (9.5), O (0.5) Yes
161 120 118 6.640% $16,415.55 11/1/98 10/1/08 L (9.5), O (0.5) Yes
162 120 115 6.770% $15,598.27 8/1/98 7/1/08 L (9.5), O (0.5) Yes
163 120 119 6.375% $14,660.94 12/1/98 11/1/08 L (9.5), O (0.5) Yes
164 180 176 7.160% $16,778.24 9/1/98 8/1/13 L (7), YM 1% (5), O (3) No
165 180 177 7.070% $15,477.24 10/1/98 9/1/13 L (14.5), O (0.5) Yes
166 120 118 6.220% $13,932.52 11/1/98 10/1/08 L (9.5), O (0.5) Yes
167 204 201 7.090% $15,105.55 10/1/98 9/1/15 L (16.5), O (0.5) Yes
168 120 118 6.550% $15,092.95 11/1/98 10/1/08 L (9.5), O (0.5) Yes
169 120 118 6.740% $13,800.98 11/1/98 10/1/08 L (9.5), O (0.5) Yes
170 120 115 6.970% $14,128.05 8/1/98 7/1/08 L (5), YM 1% (4.5), O (0.5) No
171 120 119 7.430% $15,423.32 12/1/98 11/1/08 L (9.5), O (0.5) Yes
172 120 118 7.000% $13,971.35 11/1/98 10/1/08 L (9.5), O (0.5) Yes
173 120 118 7.110% $14,990.05 11/1/98 10/1/08 L (9.5), O (0.5) Yes
174 120 117 6.900% $13,830.60 10/1/98 9/1/08 L (9.5), O (0.5) Yes
175 120 116 7.010% $13,985.46 9/1/98 8/1/08 L (9.5), O (0.5) Yes
176 120 115 7.830% $15,972.36 8/1/98 7/1/08 L (9.5), O (0.5) Yes
177 240 237 7.220% $16,559.75 10/1/98 9/1/18 L (19.5), O (0.5) Yes
178 84 74 7.400% $14,539.98 3/1/98 2/1/05 L (5), O (2) No
179 120 117 7.330% $14,302.31 10/1/98 9/1/08 L (9.5), O (0.5) Yes
180 120 115 6.970% $13,696.92 8/1/98 7/1/08 L (5), YM 1% (4.5), O (0.5) No
181 120 118 7.250% $14,456.14 11/1/98 10/1/08 L (3), YM 1% (6.58), O (0.42) No
182 120 117 6.990% $14,122.83 10/1/98 9/1/08 L (9.5), O (0.5) Yes
183 120 115 6.930% $13,212.16 8/1/98 7/1/08 L (9.5), O (0.5) Yes
184 120 118 6.820% $12,738.53 11/1/98 10/1/08 L (9.5), O (0.5) Yes
185 120 118 7.080% $13,881.87 11/1/98 10/1/08 L (9.5), O (0.5) Yes
186 120 119 7.500% $15,507.67 12/1/98 11/1/08 L (3), YM 1% (6.58), O (0.42) No
187 120 118 6.800% $12,484.37 11/1/98 10/1/08 L (9.5), O (0.5) Yes
188 120 118 6.390% $11,872.17 11/1/98 10/1/08 L (9.5), O (0.5) Yes
189 120 118 6.640% $12,653.65 11/1/98 10/1/08 L (9.5), O (0.5) Yes
190 120 115 7.220% $12,582.64 8/1/98 7/1/08 L (9.5), O (0.5) Yes
191 180 175 7.110% $13,205.52 8/1/98 7/1/13 L (14.5), O (0.5) Yes
192 120 116 6.910% $12,130.55 9/1/98 8/1/08 L (9.5), O (0.5) Yes
193 120 117 6.960% $12,676.13 10/1/98 9/1/08 L (9.5), O (0.5) Yes
194 120 115 7.360% $12,413.76 8/1/98 7/1/08 L (9.5), O (0.5) Yes
195 240 237 7.090% $13,239.70 10/1/98 9/1/18 L (19.5), O (0.5) Yes
196 120 116 7.600% $13,419.14 9/1/98 8/1/08 L (9.5), O (0.5) Yes
197 120 116 7.600% $13,419.14 9/1/98 8/1/08 L (9.5), O (0.5) Yes
198 120 117 7.400% $14,390.81 10/1/98 9/1/08 L (9.5), O (0.5) Yes
199 240 236 6.950% $13,592.49 9/1/98 8/1/18 L (19.5), O (0.5) Yes
200 120 117 6.540% $11,107.27 10/1/98 9/1/08 L (9.5), O (0.5) Yes
201 120 115 7.190% $12,581.55 8/1/98 7/1/08 L (9.5), O (0.5) Yes
202 180 174 7.320% $12,728.15 7/1/98 6/1/13 L (14.5), O (0.5) Yes
203 120 119 7.000% $11,310.14 12/1/98 11/1/08 L (9.5), O (0.5) Yes
204 120 119 7.250% $12,287.72 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
205 120 119 6.850% $11,853.07 12/1/98 11/1/08 L (9.5), O (0.5) Yes
206 120 114 7.200% $11,539.40 7/1/98 6/1/08 L (9.5), O (0.5) Yes
207 120 115 7.450% $12,507.61 8/1/98 7/1/08 L (9.5), O (0.5) Yes
208 180 177 7.070% $11,222.67 10/1/98 9/1/13 L (14.5), O (0.5) Yes
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Original Remaining
Original Percentage of Amortization Amortization
Principal Cut-off Date Initial Term Term
# Property Name (1) Balance Balance (6) Pool Balance (months) (months)
- ----------------- ------- ----------- ------------ -------- --------
<S> <C> <C> <C> <C> <C> <C>
209 Fiesta RV Resort $1,650,000 $1,646,461 0.1% 300 298
210 Cedar Place Office Park $1,650,000 $1,646,258 0.1% 360 357
211 Oak Hollow Mobile Home Park $1,650,000 $1,644,074 0.1% 300 297
212 Centerline Plaza Apartments $1,645,000 $1,640,077 0.1% 360 356
213 Gottschalk's Department Store $1,610,000 $1,608,165 0.1% 300 299
214 Southport Place $1,600,000 $1,596,887 0.1% 240 239
215 Bell Building $1,600,000 $1,595,934 0.1% 300 298
216 Days Inn - Bangor, ME $1,600,000 $1,594,866 0.1% 300 297
217 Stratford Shopping Center $1,600,000 $1,593,556 0.1% 360 354
218 Country Aire Manor $1,600,000 $1,593,213 0.1% 360 354
219 Corlett Creek Apartments $1,580,000 $1,574,126 0.1% 300 297
220 Anchor Bay Apartments $1,560,000 $1,555,331 0.1% 360 356
221 Tall Pines Shopping Center $1,550,000 $1,532,164 0.1% 240 234
222 Skyline Professional Building $1,525,000 $1,523,886 0.1% 360 359
223 Southwood Acres MHP $1,520,000 $1,515,341 0.1% 360 356
224 Nalbert Apartments $1,520,000 $1,514,819 0.1% 300 297
225 1220 South University Avenue $1,500,000 $1,497,817 0.1% 360 358
226 Ware's Van & Storage Co. $1,500,000 $1,497,373 0.1% 240 239
227 49 Commerce Drive / 81 Ethan Allen Drive $1,500,000 $1,490,301 0.1% 180 178
228 3211 Battleground $1,500,000 $1,487,111 0.1% 216 212
229 Gardner Building $1,466,000 $1,464,261 0.1% 300 299
230 778 Main Street $1,450,000 $1,448,138 0.1% 300 299
231 Briarwood Apartments $1,450,000 $1,447,651 0.1% 360 358
232 Walton Village Shopping Center $1,450,000 $1,445,425 0.1% 180 179
233 Rancho Santa Fe Shopping Center $1,450,000 $1,444,971 0.1% 300 297
234 Winston Place Apartments $1,440,000 $1,436,546 0.1% 360 357
235 Hondo Park Apartments $1,425,000 $1,423,866 0.1% 360 359
236 Allegheny Apartments $1,425,000 $1,419,806 0.1% 360 355
237 Huntington North Apartments $1,420,000 $1,415,052 0.1% 240 238
238 Rite Aid - Yarmouth $1,420,000 $1,414,258 0.1% 240 238
239 Sylvan Apartments $1,400,000 $1,397,841 0.1% 360 358
240 Finger Lakes/Farmington Court Apartments $1,400,000 $1,397,635 0.1% 360 358
241 Woodlake Resort Village Apartments $1,400,000 $1,397,029 0.1% 360 357
242 Walnut Villas Apartments $1,400,000 $1,396,642 0.1% 360 357
243 Portsmouth Place Apartments $1,400,000 $1,393,339 0.1% 300 296
244 70 Warren Avenue $1,372,000 $1,369,150 0.1% 300 298
245 Martinsville Plaza $1,350,000 $1,346,876 0.1% 360 357
246 Route 66 Business World $1,322,000 $1,320,493 0.1% 300 299
247 Woodwinds Condominiums $1,305,000 $1,302,988 0.1% 360 358
248 College Square Apartments $1,300,000 $1,298,650 0.1% 360 359
249 Car Engineering Building $1,300,000 $1,298,518 0.1% 300 299
250 Executive Townhomes $1,300,000 $1,298,518 0.1% 300 299
251 Parkside Place Apartments $1,300,000 $1,297,579 0.1% 240 239
252 Hartford Crossing Retail Plaza $1,300,000 $1,294,855 0.1% 360 354
253 Cypress Plaza Shopping Center $1,300,000 $1,277,569 0.1% 120 117
254 Sarasota Place Apartments $1,275,000 $1,268,244 0.1% 300 295
255 Clayton Forest Apartments $1,250,000 $1,247,061 0.1% 360 357
256 Checker Auto Parts Store $1,250,000 $1,241,293 0.1% 240 236
257 Southpointe Center $1,250,000 $1,228,185 0.1% 144 140
258 Maple Court Apartments $1,225,000 $1,222,253 0.1% 360 357
259 Crestwood MHP $1,225,000 $1,220,422 0.1% 360 355
260 Hyde Park Place Apartments $1,220,000 $1,216,314 0.1% 360 356
261 Allen Medical Office Building $1,225,000 $1,210,700 0.1% 180 176
262 Canyon View Offices $1,200,000 $1,198,686 0.1% 300 299
263 Firehouse Square $1,200,000 $1,197,382 0.1% 300 298
264 Plymouth Place Plaza $1,200,000 $1,194,801 0.1% 300 296
265 Meridian Mobile Estates $1,200,000 $1,194,594 0.1% 300 296
266 Country Mobile Estates $1,175,000 $1,167,889 0.1% 300 295
267 Village Apartments $1,125,000 $1,122,663 0.1% 300 298
268 Ackels Mobile Home Park $1,100,000 $1,098,508 0.1% 300 299
269 Redford Manor Apartments $1,096,000 $1,092,844 0.1% 360 356
270 Doms Business Park $1,080,000 $1,078,769 0.1% 300 299
271 Bradfield Creek Townhomes $1,050,000 $1,047,819 0.1% 300 298
272 San Remo Apartments $1,040,000 $1,036,984 0.1% 360 356
273 Consolidated Printing $1,025,000 $1,023,948 0.1% 300 299
274 Knightsbridge Apartments $1,000,000 $998,938 0.1% 312 311
275 Whispering Meadows $1,000,000 $996,657 0.1% 300 297
276 Buckingham Court Apartments $1,000,000 $996,777 0.1% 360 355
277 Homestead Apartments $1,000,000 $996,490 0.1% 360 355
278 4th Avenue West Estates $1,000,000 $993,781 0.1% 180 178
279 Long Point Plaza Apartments $960,000 $956,723 0.1% 240 238
280 Treaty Oaks Apartments $950,000 $948,917 0.1% 300 299
<CAPTION>
Original Remaining
Term to Term to First
Maturity Maturity Mortgage Monthly Payment Maturity Prepayment Provision Defeasance
# (months) (7) months) (7) Rate Payment Date Date ARD (8) as of Origination Option (9)
- ------------ ----------- ---- ------- ---- ---- ------- ----------------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
209 120 118 7.330% $12,011.49 11/1/98 10/1/08 L (9.5), O (0.5) Yes
210 120 117 7.020% $10,999.66 10/1/98 9/1/08 L (9.5), O (0.5) Yes
211 120 117 6.900% $11,556.81 10/1/98 9/1/08 L (9.5), O (0.5) Yes
212 120 116 6.890% $10,822.97 9/1/98 8/1/08 L (9.5), O (0.5) Yes
213 120 119 7.500% $11,897.76 12/1/98 11/1/08 L (3), YM 1% (6.58), O (0.42) No
214 120 119 6.890% $12,299.36 12/1/98 11/1/08 L (9.5), O (0.5) Yes
215 132 130 6.400% $10,703.55 11/1/98 10/1/09 L (10.5), O (0.5) Yes
216 120 117 7.540% $11,865.52 10/1/98 9/1/08 L (9.5), O (0.5) Yes
217 120 114 7.360% $11,034.45 7/1/98 6/1/08 L (9.5), O (0.5) Yes
218 120 114 7.150% $10,806.51 7/1/98 6/1/08 L (9.5), O (0.5) Yes
219 120 117 6.700% $10,866.57 10/1/98 9/1/08 L (9.5), O (0.5) Yes
220 120 116 6.890% $10,263.73 9/1/98 8/1/08 L (9.5), O (0.5) Yes
221 120 114 7.130% $12,138.38 7/1/98 6/1/08 L (9.5), O (0.5) Yes
222 180 179 7.580% $10,746.69 12/1/98 11/1/13 L (14.5), O (0.5) Yes
223 120 116 6.790% $9,899.14 9/1/98 8/1/08 L (9.5), O (0.5) Yes
224 120 117 7.200% $10,937.75 10/1/98 9/1/08 L (3), YM 1% (6.58), O (0.42) No
225 120 118 6.980% $9,959.40 11/1/98 10/1/08 L (5), YM 1% (4.5), O (0.5) No
226 120 119 7.750% $12,314.23 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
227 180 178 6.750% $13,273.64 11/1/98 10/1/13 L (14.5), O (0.5) Yes
228 120 116 7.370% $12,558.91 9/1/98 8/1/08 L (9.5), O (0.5) Yes
229 120 119 7.250% $10,596.35 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
230 120 119 6.750% $10,018.22 12/1/98 11/1/08 L (9.5), O (0.5) Yes
231 120 118 6.530% $9,193.61 11/1/98 10/1/08 L (9.5), O (0.5) Yes
232 120 119 7.000% $13,033.01 12/1/98 11/1/08 L (9.5), O (0.5) Yes
233 120 117 7.100% $10,340.98 10/1/98 9/1/08 L (9.5), O (0.5) Yes
234 120 117 6.770% $9,358.96 10/1/98 9/1/08 L (9.5), O (0.5) Yes
235 120 119 7.150% $9,624.55 12/1/98 11/1/08 L (9.5), O (0.5) Yes
236 120 115 6.900% $9,385.05 8/1/98 7/1/08 L (9.5), O (0.5) Yes
237 240 238 7.350% $11,309.54 11/1/98 10/1/18 L (10), YM 1% (9.5), O (0.5) No
238 240 238 6.240% $10,370.91 11/1/98 10/1/18 L (19.5), O (0.5) Yes
239 120 118 6.740% $9,071.07 11/1/98 10/1/08 L (9.5), O (0.5) Yes
240 120 118 6.350% $8,711.30 11/1/98 10/1/08 L (9.5), O (0.5) Yes
241 120 117 7.310% $9,607.51 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
242 120 117 6.770% $9,098.99 10/1/98 9/1/08 L (9.5), O (0.5) Yes
243 120 116 6.800% $9,717.01 9/1/98 8/1/08 L (9.5), O (0.5) Yes
244 120 118 7.500% $10,138.96 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
245 120 117 6.930% $8,918.21 10/1/98 9/1/08 L (9.5), O (0.5) Yes
246 120 119 7.500% $9,769.46 12/1/98 11/1/08 L (3), YM 1% (6.58), O (0.42) No
247 120 118 6.740% $8,455.53 11/1/98 10/1/08 L (9.5), O (0.5) Yes
248 120 119 5.780% $7,611.24 12/1/98 11/1/08 L (9.5), O (0.5) Yes
249 120 119 7.500% $9,606.89 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
250 120 119 7.500% $9,606.89 12/1/98 11/1/08 L (3), YM 1% (6.58), O (0.42) No
251 120 119 7.250% $10,274.89 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
252 120 114 7.430% $9,027.56 7/1/98 6/1/08 L (9.5), O (0.5) Yes
253 120 117 7.190% $15,221.71 10/1/98 9/1/08 L (9.5), O (0.5) Yes
254 120 115 7.340% $9,289.85 8/1/98 7/1/08 L (3), YM 1% (6.5), O (0.5) No
255 120 117 6.860% $8,199.09 10/1/98 9/1/08 L (9.5), O (0.5) Yes
256 240 236 7.400% $9,993.62 9/1/98 8/1/18 L (19.5), O (0.5) Yes
257 144 140 7.430% $13,143.06 9/1/98 8/1/10 L (11.5), O (0.5) Yes
258 180 177 7.070% $8,207.63 10/1/98 9/1/13 L (14.5), O (0.5) Yes
259 120 115 6.800% $7,986.08 8/1/98 7/1/08 L (9.5), O (0.5) Yes
260 120 116 6.850% $7,994.16 9/1/98 8/1/08 L (9.5), O (0.5) Yes
261 180 176 7.590% $11,418.64 9/1/98 8/1/13 L (14.5), O (0.5) Yes
262 120 119 7.750% $9,063.95 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
263 60 58 7.240% $8,665.95 11/1/98 10/1/03 L (4.5), O (0.5) Yes
264 120 116 7.310% $8,720.12 9/1/98 8/1/08 L (9.5), O (0.5) Yes
265 120 116 7.100% $8,558.06 9/1/98 8/1/08 L (9.5), O (0.5) Yes
266 180 175 7.200% $8,455.17 8/1/98 7/1/13 L (14.5), O (0.5) Yes
267 120 118 7.500% $8,313.65 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
268 120 119 6.400% $7,358.69 12/1/98 11/1/08 L (9.5), O (0.5) Yes
269 120 116 7.050% $7,328.56 9/1/98 8/1/08 L (9.5), O (0.5) Yes
270 120 119 7.500% $7,981.10 12/1/98 11/1/08 L (3), YM 1% (6.58), O (0.42) No
271 120 118 7.500% $7,759.41 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
272 120 116 7.020% $6,933.12 9/1/98 8/1/08 L (9.5), O (0.5) Yes
273 120 119 8.150% $8,013.24 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
274 120 119 7.400% $7,228.43 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
275 120 117 7.310% $7,266.77 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
276 120 115 7.380% $6,910.16 8/1/98 7/1/08 L (9.5), O (0.5) Yes
277 120 115 7.050% $6,686.64 8/1/98 7/1/08 L (9.5), O (0.5) Yes
278 180 178 6.850% $8,904.63 11/1/98 10/1/13 L (14.5), O (0.5) Yes
279 120 118 7.500% $7,733.69 11/1/98 10/1/08 L (3), YM 1% (6.58), O (0.42) No
280 120 119 7.500% $7,020.42 12/1/98 11/1/08 L (3), YM 1% (6.58), O (0.42) No
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Original Remaining
Original Percentage of Amortization Amortization
Principal Cut-off Date Initial Term Term
# Property Name (1) Balance Balance (6) Pool Balance (months) (months)
- ----------------- ------- ----------- ------------ -------- --------
<S> <C> <C> <C> <C> <C> <C>
281 Wilshire Estates MHP $950,000 $941,325 0.1% 180 177
282 Hollywood Video $925,000 $920,125 0.1% 240 237
283 5 Milk Street $900,000 $898,974 0.1% 300 299
284 Cardi Building $900,000 $898,974 0.1% 300 299
285 Boulevard of Chevy Chase Apartments $900,000 $896,944 0.1% 360 355
286 10 McKinley Street $850,000 $849,031 0.1% 300 299
287 Londonaire Townhouses $850,000 $848,564 0.1% 360 358
288 Heon Court Apartments $840,000 $838,084 0.1% 300 298
289 One Cameron Place Shopping Center $825,000 $824,060 0.1% 300 299
290 197 U.S. Route One $825,000 $823,220 0.1% 300 298
291 980 Forest Avenue $809,000 $807,281 0.1% 300 298
292 Chandler Crossing Apartments $800,000 $797,377 0.1% 300 297
293 Kingswood Place Apartments $785,000 $782,426 0.1% 240 238
294 4525-4535 McEwen Road $750,000 $749,172 0.1% 300 299
295 Doms Metroplex Park $750,000 $749,145 0.1% 300 299
296 Baxter Mills Apartments $740,000 $738,433 0.1% 300 298
297 Seven Eleven $725,000 $723,392 0.1% 300 298
298 Royal North Apartments $722,500 $720,387 0.1% 300 297
299 3314 Mount Pleasant Apartments $710,000 $707,854 0.1% 300 297
300 Virginia Apartments $700,000 $699,186 0.1% 300 299
301 Pagewood Oval Apartments $675,000 $672,740 0.1% 300 297
302 Creekview Condominiums $630,000 $628,691 0.1% 300 298
303 Park Hill Apartments $615,000 $613,961 0.1% 360 358
304 Amherst Gardens $600,000 $598,694 0.1% 300 298
305 Arlington Arms Apartments $585,000 $583,666 0.1% 300 298
306 Rebecca Apartments $525,000 $521,866 0.0% 240 236
307 Barstow Plaza $500,000 $499,461 0.0% 300 299
308 Fleur de Lis Apartments $500,000 $498,217 0.0% 300 296
309 2602 Penny Lane $484,000 $483,049 0.0% 300 298
310 3246 Navarre Avenue $457,500 $456,550 0.0% 300 298
311 Tara Apartments $450,000 $448,432 0.0% 240 238
312 Mark V Apartments $420,000 $419,168 0.0% 300 298
313 Hallmark Apartments $400,000 $398,843 0.0% 300 297
314 Mirage Apartments $388,000 $386,867 0.0% 300 297
315 Main Street Studios $380,000 $379,302 0.0% 360 357
316 Summertree Apartments $371,000 $369,677 0.0% 300 296
317 Prestige State Bank $360,000 $359,347 0.0% 300 298
318 Masonic Temple $350,000 $349,314 0.0% 300 298
<CAPTION>
Original Remaining
Term to Term to First
Maturity Maturity Mortgage Monthly Payment Maturity Prepayment Provision Defeasance
# (months) (7) months) (7) Rate Payment Date Date ARD (8) as of Origination Option (9)
- ------------ ----------- ---- ------- ---- ---- ------- ----------------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
281 180 177 7.230% $8,661.49 10/1/98 9/1/13 L (14.5), O (0.5) Yes
282 120 117 7.460% $7,429.13 10/1/98 9/1/08 L (3), YM 1% (6.58), O (0.42) No
283 120 119 7.500% $6,650.92 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
284 120 119 7.500% $6,650.92 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
285 120 115 7.180% $6,096.91 8/1/98 7/1/08 L (9.5), O (0.5) Yes
286 120 119 7.500% $6,281.43 12/1/98 11/1/08 L (3.08), YM 1% (6.42), O (0.5) No
287 120 118 6.350% $5,289.00 11/1/98 10/1/08 L (9.5), O (0.5) Yes
288 120 118 7.000% $5,936.95 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
289 120 119 7.500% $6,096.68 12/1/98 11/1/08 L (3), YM 1% (6.58), O (0.42) No
290 120 118 7.300% $5,989.76 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
291 120 118 7.380% $5,915.44 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
292 120 117 7.420% $5,870.36 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
293 120 118 7.790% $6,463.83 11/1/98 10/1/08 L (3), YM 1% (6.58), O (0.42) No
294 120 119 7.700% $5,640.47 12/1/98 11/1/08 L (3), YM 1% (6.5), O (0.5) No
295 120 119 7.500% $5,542.43 12/1/98 11/1/08 L (3), YM 1% (6.58), O (0.42) No
296 120 118 7.400% $5,420.49 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
297 120 118 7.150% $5,193.73 11/1/98 10/1/08 L (3), YM 1% (6.58), O (0.42) No
298 120 117 8.050% $5,600.32 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
299 120 117 7.870% $5,418.89 10/1/98 9/1/08 L (3), YM 1% (6.58), O (0.42) No
300 120 119 7.375% $5,116.16 12/1/98 11/1/08 L (3), YM 1% (6.58), O (0.42) No
301 120 117 7.300% $4,900.71 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
302 120 118 7.500% $4,655.64 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
303 120 118 6.350% $3,826.75 11/1/98 10/1/08 L (9.5), O (0.5) Yes
304 120 118 7.250% $4,336.84 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
305 120 118 7.000% $4,134.66 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
306 240 236 8.500% $4,556.07 9/1/98 8/1/18 L (3), YM 1% (6.5), O (10.5) No
307 120 119 7.850% $3,809.53 12/1/98 11/1/08 L (3), YM 1% (6.58), O (0.42) No
308 120 116 8.320% $3,965.67 9/1/98 8/1/08 L (3), YM 1% (6.5), O (0.5) No
309 120 118 7.790% $3,668.51 11/1/98 10/1/08 L (3), YM 1% (6.58), O (0.42) No
310 120 118 7.500% $3,380.88 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
311 240 238 7.350% $3,584.01 11/1/98 10/1/18 L (10), YM 1% (9.5), O (0.5) No
312 120 118 7.750% $3,172.28 11/1/98 10/1/08 L (3), YM 1% (6.58), O (0.42) No
313 120 117 8.110% $3,116.47 10/1/98 9/1/08 L (3), YM 1% (6.58), O (0.42) No
314 120 117 8.060% $3,010.09 10/1/98 9/1/08 L (3), YM 1% (6.5), O (0.5) No
315 120 117 7.920% $2,767.14 10/1/98 9/1/08 L (3), YM 1% (6.58), O (0.42) No
316 120 116 8.320% $2,942.52 9/1/98 8/1/08 L (3), YM 1% (6.5), O (0.5) No
317 120 118 8.200% $2,826.40 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
318 120 118 7.800% $2,655.15 11/1/98 10/1/08 L (3), YM 1% (6.5), O (0.5) No
</TABLE>
<TABLE>
<CAPTION>
Total/Weighted Average 1153256500 1149628904 100.0% 314.686722 311.5969 129.51 126.2848 7.1203%
======================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Maximum: $75,000,000 $74,732,033 6.5% 360 359 300 298 8.5200%
Minimum: $67,475 $66,773 0.0% 120 117 60 55 5.7800%
<CAPTION>
Total/Weighted Average $84,635 09/24/98 07/07/11
========================================
<S> <C> <C> <C> <C> <C>
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 Street, GATX Warehouse,
1001 and 1011 Airport Industrial Park, Northeast Industrial Building #
21,507 Plum Street, Zanesville, Northeast Industrial Building # 8,
Northeast Industrial Building # 22, 4, 5 & 8 Marway Circle, Marysville
and One Clinton Square, respectively, are cross-collateralized and
cross-defaulted.
(1B) The Mortgage Loans secured by The 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. Such Mortgage Loans require
payments of interest only for their entire terms.
(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 Mobile Estates, 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 $12,240,000.
(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 has an interest only period of 24 months from
origination and thereafter is scheduled to amortize over 336 months.
(3) Green's Corner Shopping Center 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 of Maine, Inc. provides for an
increase in the amount of the monthly payment to $24,426.87 in July 2008.
The Underwritten DSCR presented herein with respect to the mortgage loan
is based on monthly payment in effect as of December 1, 1998.
(6) Assumes a Cut-off Date of December 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.
(9) In the case of certain loans a defeasance option exists before a yield
maintenace option.
<PAGE>
Descriptions of the Mortgaged Properties
<TABLE>
<CAPTION>
Units/
Sq. Ft./ Later of
Rooms/ Fee Simple/ Year Built/
# Property Name (1) Property Type Pads Leasehold Year Renovated
- ----------------- ------------- ---- --------- --------------
<S> <C> <C> <C> <C> <C>
1 Chanin Building Office 848,562 Leasehold 1997
2 250 South Clinton Street (1A) Office 182,446 Fee/Leasehold 1991
3 GATX Warehouse (1A) Industrial 655,500 Fee 1978
4 1001 and 1011 Airport Industrial Park (1A) Industrial 284,262 Fee 1991
5 Northeast Industrial Park Building # 21 (1A) Industrial 100,000 Fee 1988
6 507 Plum Street (1A) Office 71,449 Leasehold 1991
7 Zanesville (1A) Industrial 300,000 Fee 1992
8 Northeast Industrial Park Building # 8 (1A) Industrial 192,645 Fee 1992
9 Northeast Industrial Park Building # 22 (1A) Industrial 104,000 Fee 1989
10 4, 5 & 8 Marway Circle (1A) Industrial 171,155 Fee 1975
11 Marysville (1A) Industrial 133,500 Fee 1987
12 One Clinton Square (1A) Office 39,610 Fee 1997
13 The Center at Rancho Niguel (1B) Retail 120,867 Fee 1988
14 The Edwards Center at Rancho Niguel (1B) Retail 35,600 Fee 1988
15 Rivertree Court Shopping Center (1C) Retail 299,055 Fee 1988
16 Woodland Heights Shopping Center (1C) Retail 120,436 Fee 1997
17 Winnetka Commons Shopping Center (1C) Retail 42,415 Fee 1990
18 Berwyn Plaza Shopping Center (1C) Retail 18,138 Fee 1983
19 Walgreen's Store (1C) Retail 15,856 Fee 1985
20 Heritage Pointe Multifamily 924 Fee 1973
21 Best Western Inn of Chicago Hotel 358 Fee 1981
22 Christiana Hilton Inn - Newark, DE Hotel 266 Fee 1997
23 Embassy Crossing (2) Retail 336,777 Fee 1993
24 Jefferson at Treetops Apartments Multifamily 240 Fee 1996
25 Dominion Tower & Parking Garage Mixed Use 209,313 Fee 1989
26 Holiday Inn Hurstbourne Hotel 267 Fee 1986
27 Blue Ash Portfolio (1D) Mixed Use 232,526 Fee 1996
28 Springdale Office Center (1D) Office 88,040 Fee 1973
29 Executive Center East (1D) Office 25,260 Fee 1987
30 McDonald's (1D) Retail 4,575 Fee 1993
31 11 Park Place Office 189,530 Fee 1991
32 Twin Creek Apartments Multifamily 240 Fee 1986
33 Storage Box / Stowaway Storage (1E) Self Storage 148,992 Fee 1995
34 Maplewood Mobile Estates (1E) Manufactured Housing 268 Fee 1972
35 Corporate Office Park Office 184,844 Fee 1988
36 Knights Bridge II Apartments Multifamily 208 Fee 1985
37 Preston Stonebrooke Shopping Center Retail 61,853 Fee 1997
38 Run in Foods DP #4 (1F) Other 11,163 Fee 1988
39 Run in Foods DP #7 (1F) Other 12,069 Fee 1990
40 Run in Foods #401 (1F) Other 6,837 Fee 1988
41 Run in Foods #406 (1F) Other 5,106 Fee 1988
42 Run in Foods #402 (1F) Other 9,292 Fee 1984
43 Run in Foods #403 (1F) Other 3,912 Fee 1985
44 Run in Foods #404 (1F) Other 3,963 Fee 1976
45 Run in Foods #410 (1F) Other 3,825 Leasehold 1986
46 Super 8-Midtown (1G) Hotel 243 Fee 1994
47 Super 8-East (1G) Hotel 100 Fee 1996
48 Super 8-West (1G) Hotel 98 Fee 1990
49 Wellington Woods & Lakes Multifamily 274 Fee 1997
50 Hampton Inn - Indianapolis, IN Hotel 180 Fee 1996
51 Chidlaw Building Office 281,561 Fee 1995
52 Mahwah Business Park Industrial 401,074 Fee 1997
53 Grandview Garden Apartments Multifamily 424 Fee 1997
54 Cornerstone Office Park Office 93,633 Fee 1996
55 160 Pine Street Mixed Use 97,436 Fee 1987
56 River Run Apartments Multifamily 284 Fee 1997
57 180 N. Michigan Avenue Office Building Office 210,353 Fee 1985
58 Oak Hills Apartments Multifamily 244 Fee 1983
59 145 Rosemary Street Office 86,269 Fee 1995
60 Holiday Inn - Metroplex-Youngstown, OH Hotel 153 Fee 1990
61 Tierra Verde Marine Center Mixed Use 82,418 Fee/Leasehold 1994
62 MCOM Building Industrial 172,825 Fee 1997
63 Mayport Trace Apartments Multifamily 203 Fee 1988
64 Mercantile Bank Building Office 109,271 Fee 1992
65 Brook Forest Apartments Multifamily 353 Fee 1969
66 Midfield Shopping Center Retail 166,180 Fee 1977
67 Far East Plaza Retail 46,314 Fee 1979
68 Highland Square Shopping Center Retail 214,550 Fee 1980
69 Spanish Villa Apartments Multifamily 232 Fee 1998
70 Greens Corner Shopping Center (3) Retail 193,467 Fee 1986
71 Mountain Ridge Apartments Multifamily 236 Fee 1993
72 Radisson Suites - Huntsville, AL Hotel 153 Fee 1989
73 Holiday Campground Other 0 Fee 1987
74 Plantation Meadows Apartments Multifamily 170 Fee 1990
75 Gresham Townhomes Multifamily 81 Fee 1982
76 Lakewood Apartments Multifamily 320 Fee 1973
77 Imperial Plaza Shopping Center Retail 125,010 Fee 1998
78 Super 8 - Las Vegas, NV Hotel 290 Fee 1989
79 Thunder Hollow Multifamily 160 Fee 1985
80 Woodlake Village Apartments Multifamily 237 Fee 1995
81 K-Mart Montwood Point Retail 102,017 Fee 1992
82 Trabuco Marketplace Retail 24,311 Fee 1992
<CAPTION>
Occupancy
Rate at Appraised Cut-off Date U/W U/W
# U/W (6) Value LTV Ratio NCF (7) DSCR (8)
- ------- ----- --------- ------- --------
<S> <C> <C> <C> <C> <C>
1 95.0% $105,000,000 71.2% $8,387,294 1.33 x
2 100.0% $20,700,000 79.9% $2,093,634 1.51 x
3 100.0% $13,900,000 79.9% $1,324,630 1.42 x
4 100.0% $9,100,000 79.9% $813,025 1.33 x
5 100.0% $6,600,000 79.9% $650,172 1.47 x
6 100.0% $6,500,000 79.9% $668,968 1.53 x
7 100.0% $5,750,000 79.9% $477,390 1.24 x
8 100.0% $5,400,000 79.9% $524,124 1.45 x
9 100.0% $4,600,000 79.9% $430,785 1.40 x
10 98.0% $4,425,000 79.9% $418,896 1.41 x
11 100.0% $2,800,000 79.9% $270,593 1.44 x
12 100.0% $2,170,000 77.4% $170,590 1.21 x
13 100.0% $28,500,000 80.6% $2,387,689 1.35 x
14 100.0% $7,100,000 80.2% $611,938 1.40 x
15 99.0% $32,500,000 56.0% $2,935,214 2.31 x
16 86.0% $9,650,000 32.1% $516,533 2.38 x
17 100.0% $4,700,000 50.5% $394,135 2.37 x
18 100.0% $1,900,000 38.9% $123,043 2.38 x
19 100.0% $1,200,000 49.6% $98,931 2.38 x
20 96.0% $36,000,000 69.4% $3,450,664 1.61 x
21 N/A $30,700,000 71.3% $3,279,579 1.55 x
22 N/A $33,000,000 65.0% $3,251,846 1.79 x
23 90.0% $25,000,000 79.7% $2,239,065 1.36 x
24 93.0% $24,800,000 78.8% $2,044,305 1.33 x
25 100.0% $23,500,000 79.1% $2,117,226 1.29 x
26 N/A $25,000,000 73.6% $2,536,354 1.56 x
27 95.0% $15,380,000 70.3% $1,292,436 1.49 x
28 94.0% $5,380,000 69.8% $558,353 1.85 x
29 97.0% $1,600,000 69.8% $161,426 1.80 x
30 100.0% $550,000 49.9% $38,933 1.77 x
31 93.0% $20,500,000 72.9% $1,592,867 1.33 x
32 100.0% $16,000,000 79.7% $1,293,138 1.29 x
33 83.0% $8,300,000 73.9% $725,163 1.35 x
34 100.0% $7,300,000 79.7% $601,539 1.30 x
35 86.0% $14,800,000 75.8% $1,214,662 1.27 x
36 96.0% $12,200,000 78.8% $1,004,695 1.31 x
37 96.0% $11,500,000 77.3% $950,413 1.40 x
38 100.0% $3,630,000 70.9% $412,783 1.52 x
39 100.0% $3,425,000 70.1% $385,173 1.52 x
40 100.0% $1,250,000 69.8% $139,435 1.52 x
41 100.0% $1,220,000 69.7% $136,676 1.52 x
42 100.0% $1,100,000 70.3% $124,248 1.52 x
43 100.0% $900,000 69.4% $100,780 1.53 x
44 100.0% $620,000 70.8% $70,467 1.52 x
45 100.0% $95,000 70.2% $11,043 1.57 x
46 N/A $10,350,000 55.8% $1,035,700 1.92 x
47 N/A $2,900,000 55.0% $186,214 1.25 x
48 N/A $3,100,000 38.6% $271,737 2.43 x
49 92.0% $11,200,000 72.8% $893,565 1.37 x
50 N/A $13,500,000 59.3% $1,192,057 1.70 x
51 82.0% $11,350,000 70.3% $890,623 1.37 x
52 89.0% $13,850,000 57.5% $867,326 1.25 x
53 96.0% $9,775,000 79.1% $903,278 1.47 x
54 92.0% $9,600,000 78.1% $821,236 1.39 x
55 97.0% $17,000,000 44.0% $842,920 1.38 x
56 92.0% $9,450,000 79.0% $818,454 1.37 x
57 95.0% $9,500,000 76.6% $801,532 1.36 x
58 96.0% $9,200,000 78.2% $879,980 1.34 x
59 100.0% $9,600,000 72.7% $740,305 1.25 x
60 N/A $10,100,000 69.1% $863,480 1.39 x
61 100.0% $9,300,000 73.8% $761,824 1.26 x
62 100.0% $9,515,000 71.9% $929,357 1.40 x
63 93.0% $9,140,000 74.3% $728,348 1.35 x
64 96.0% $9,250,000 73.2% $733,973 1.26 x
65 89.0% $11,300,000 58.2% $766,997 1.44 x
66 89.0% $8,200,000 79.1% $682,357 1.36 x
67 94.0% $9,080,000 71.4% $805,777 1.48 x
68 100.0% $10,900,000 58.1% $875,698 1.58 x
69 99.0% $8,400,000 74.8% $732,501 1.37 x
70 90.0% $7,850,000 79.1% $675,021 1.28 x
71 94.0% $7,790,000 79.3% $724,155 1.44 x
72 N/A $9,500,000 63.3% $1,060,022 1.64 x
73 76.0% $8,510,000 70.2% $709,750 1.41 x
74 99.0% $7,300,000 79.9% $647,710 1.41 x
75 98.0% $7,200,000 78.1% $604,764 1.36 x
76 98.0% $9,300,000 60.0% $752,027 1.67 x
77 91.0% $6,950,000 77.6% $563,328 1.30 x
78 N/A $13,150,000 40.9% $1,147,400 2.28 x
79 91.0% $7,100,000 75.7% $560,489 1.30 x
80 97.0% $6,750,000 77.5% $538,702 1.33 x
81 99.0% $6,750,000 77.4% $616,502 1.20 x
82 100.0% $7,300,000 71.1% $582,125 1.47 x
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Units/
Sq. Ft./ Later of
Rooms/ Fee Simple/ Year Built/
# Property Name (1) Property Type Pads Leasehold Year Renovated
- ----------------- ------------- ---- --------- --------------
<S> <C> <C> <C> <C> <C>
83 Indian Valley Apartments Multifamily 208 Fee 1997
84 Flamingo West Centre Retail 69,369 Fee 1986
85 Mill Creek Shopping Center Retail 72,471 Fee 1996
86 High Vista Apartments Multifamily 242 Fee 1974
87 Woodland Office Center Office 47,270 Fee 1985
88 Bayfair Apartments Multifamily 135 Fee 1974
89 University Green Apartments Multifamily 194 Fee 1997
90 El Dorado Mobile Home Estates Manufactured Housing 295 Fee 1974
91 Holiday Inn - Danbury, CT Hotel 114 Fee 1997
92 Country Inn & Suites Hotel Hotel 170 Fee 1996
93 Center Ridge Apartments Multifamily 224 Fee 1996
94 The Marriott Building Office 94,586 Fee 1996
95 Silicon Valley Inn Hotel 101 Fee 1996
96 Best Western - Sunnyvale Hotel 88 Fee 1998
97 Golden Valley Commons Retail 37,955 Fee 1996
98 West Park Place Other 42,618 Fee 1984
99 Naperville Office Court Office 66,738 Fee 1980
100 Holiday Inn Express Hotel & Suites
- Mountain View, CA Hotel 58 Fee 1998
101 Best Buy / Drug Emporium Retail 73,799 Fee 1993
102 Medical Arts Building Office 88,804 Fee 1985
103 Comfort Inn - Sunnyvale Hotel 52 Fee 1996
104 Holiday Inn North Denver Hotel 204 Fee 1980
105 Windlands Shopping Center (4) Retail 106,634 Fee 1975
106 Northborough Woods Apartments Multifamily 240 Fee 1992
107 Madison Building Office 94,554 Leasehold 1971
108 Victory Townhomes Multifamily 45 Fee 1985
109 Dairy Plaza Shopping Center Retail 82,200 Fee 1996
110 Comfort Inn - Concord, NH Hotel 100 Fee 1989
111 Peconic Plaza Mixed Use 38,108 Fee 1987
112 Bayou Village Place Apartments Multifamily 313 Fee 1990
113 Country Suites - Chattanooga, TN Hotel 82 Fee 1994
114 Southlake Plaza II Retail 29,320 Fee 1996
115 531 West Deming Multifamily 90 Fee 1965
116 Camelot Apartments Multifamily 135 Fee 1987
117 Sevilla Apartments Multifamily 104 Fee 1983
118 The Way III Apartments Multifamily 200 Fee 1997
119 Glenview Office and Industrial Park Industrial 83,672 Fee 1987
120 Hampton Inn - Decatur, AL Hotel 91 Fee 1994
121 Mission Industrial Park (1H) Industrial 100,602 Fee 1993
122 Jurupa Business Park (1H) Industrial 51,014 Fee 1987
123 Colony Square Shopping Center Retail 48,047 Fee 1988
124 Vintage Business Park Office 27,700 Fee 1996
125 Bruno's Shopping Center Retail 68,400 Fee 1993
126 Crossroads Shopping Center Retail 44,800 Fee 1997
127 High Country Plaza Retail 20,582 Fee 1993
128 Glencoe Avenue Industrial Industrial 41,030 Fee 1985
129 St. Charles Apartments (1I) Multifamily 42 Fee 1996
130 St. James Apartments (1I) Multifamily 36 Fee 1996
131 Plaza at Sunrise Mixed Use 41,495 Fee 1990
132 Shannon Arms III Apartments Multifamily 80 Fee 1985
133 River Valley Square Shopping Center Retail 36,838 Fee 1991
134 Rio Commercial Center Industrial 105,400 Fee 1980
135 Alexis Apartment Complex Multifamily 94 Fee 1996
136 Beltway Plaza 4710 Office 71,429 Fee 1988
137 Casa Linda MHP Manufactured Housing 107 Fee 1975
138 Mesa Ridge Apartments Multifamily 257 Fee 1995
139 Vintage Business Park II Office 26,657 Leasehold 1985
140 Mountain Village Shopping Center Retail 103,135 Fee 1998
141 Rock River Tower Apartments Multifamily 110 Fee 1964
142 Durango Plaza Retail Center Retail 28,980 Fee 1997
143 Beatrice Avenue Industrial Industrial 44,750 Fee 1996
144 Miller Apartments Multifamily 120 Fee 1978
145 University Square Outlet Mall Retail 48,358 Fee 1983
146 Ridgewood Plaza Retail 36,307 Fee 1997
147 Chase Village Apartments Multifamily 128 Fee 1980
148 Warsaw Village Shopping Center Retail 60,300 Fee 1992
149 Provident Place Office Building Office 40,394 Fee 1986
150 920 S. Waukegan Road Office 19,072 Fee 1991
151 Amberley Suite Hotel Hotel 110 Fee 1998
152 Rite-Aid of Maine, Inc. (5) Credit Tenant Lease 12,240 Fee 1998
153 Stuart Towne Apartments Multifamily 96 Fee 1968
154 Santa Ana Villa Multifamily 130 Fee 1972
155 Orland Park Outlots Retail 21,200 Fee 1996
156 Brazos Square Shopping Center Retail 65,423 Fee 1985
157 Community Mall Office 38,746 Fee 1978
158 Comfort Inn - Fife, WA Hotel 70 Fee 1990
159 Aspen Business Center Office 51,500 Fee 1997
160 Hampton Inn - Ft. Pierce, FL Hotel 72 Fee 1993
161 Oak Tree Mobile Home Park Manufactured Housing 260 Fee 1968
162 Walnut Square Apartments Multifamily 92 Fee 1973
163 Royal Oaks Mobile Home Park Manufactured Housing 144 Fee 1962
164 Plymouth Square Apartments Multifamily 68 Fee 1992
165 Watchung View Apartments Multifamily 68 Fee 1996
166 Embassy Apartments Multifamily 106 Fee 1970
167 Best Buy - West Dundee Retail 36,262 Fee 1993
168 1400 Destrehan Avenue Industrial 88,962 Fee 1980
169 Breckenridge Condominiums Multifamily 68 Fee 1985
170 Rosemont Terrace Apartments Multifamily 100 Fee 1970
171 Days Inn - Dover, DE Hotel 81 Fee 1997
172 Iberia Center Retail 9,872 Fee 1997
<CAPTION>
Occupancy
Rate at Appraised Cut-off Date U/W U/W
# U/W (6) Value LTV Ratio NCF (7) DSCR (8)
- ------- ----- --------- ------- --------
<S> <C> <C> <C> <C> <C>
83 95.0% $7,100,000 73.0% $585,852 1.42 x
84 95.0% $7,700,000 67.3% $804,767 1.81 x
85 99.0% $7,580,000 68.0% $653,397 1.29 x
86 93.0% $6,900,000 73.7% $625,704 1.54 x
87 100.0% $8,300,000 61.2% $554,375 1.31 x
88 100.0% $7,000,000 72.5% $562,480 1.36 x
89 99.0% $6,300,000 79.2% $509,363 1.31 x
90 98.0% $10,300,000 48.4% $839,709 2.20 x
91 N/A $7,330,000 67.9% $681,493 1.54 x
92 N/A $9,600,000 51.7% $738,031 1.38 x
93 95.0% $6,320,000 75.8% $531,420 1.36 x
94 100.0% $7,825,000 61.1% $601,615 1.37 x
95 N/A $8,550,000 54.9% $727,234 1.77 x
96 N/A $7,800,000 58.9% $726,781 1.79 x
97 97.0% $6,100,000 74.5% $480,378 1.32 x
98 95.0% $7,000,000 64.0% $577,860 1.54 x
99 99.0% $5,935,000 75.5% $546,704 1.50 x
100 N/A $7,000,000 62.6% $673,560 1.60 x
101 100.0% $5,680,000 74.1% $499,976 1.36 x
102 90.0% $5,200,000 79.5% $432,481 1.25 x
103 N/A $5,900,000 69.4% $611,071 1.69 x
104 N/A $9,650,000 42.2% $485,279 1.31 x
105 98.0% $4,900,000 79.2% $414,798 1.27 x
106 98.0% $5,500,000 70.5% $396,203 1.28 x
107 81.0% $5,200,000 73.6% $399,771 1.20 x
108 100.0% $4,850,000 79.0% $414,388 1.35 x
109 98.0% $4,700,000 79.6% $433,916 1.34 x
110 N/A $5,000,000 74.8% $613,068 1.93 x
111 97.0% $4,950,000 74.0% $415,316 1.31 x
112 88.0% $4,900,000 73.3% $410,978 1.43 x
113 N/A $5,330,000 66.4% $504,628 1.63 x
114 100.0% $4,700,000 75.0% $437,246 1.51 x
115 98.0% $4,800,000 72.8% $390,537 1.43 x
116 96.0% $4,300,000 81.1% $396,220 1.41 x
117 92.0% $4,400,000 79.2% $358,395 1.28 x
118 99.0% $5,150,000 67.5% $476,844 1.60 x
119 100.0% $4,500,000 76.8% $345,103 1.28 x
120 N/A $5,450,000 62.9% $531,020 1.44 x
121 99.0% $2,470,000 74.8% $236,480 1.54 x
122 87.0% $2,060,000 74.9% $185,326 1.47 x
123 100.0% $4,950,000 68.4% $373,469 1.27 x
124 94.0% $4,755,000 71.1% $474,225 1.62 x
125 100.0% $5,050,000 64.2% $385,943 1.24 x
126 100.0% $4,160,000 77.0% $364,317 1.31 x
127 100.0% $4,350,000 73.5% $376,116 1.49 x
128 100.0% $4,400,000 72.6% $361,154 1.42 x
129 100.0% $2,150,000 73.9% $191,952 1.32 x
130 100.0% $1,900,000 83.6% $163,167 1.12 x
131 93.0% $4,875,000 62.3% $423,549 1.61 x
132 100.0% $3,850,000 78.8% $335,465 1.37 x
133 100.0% $3,900,000 76.0% $361,606 1.49 x
134 99.0% $4,040,000 73.1% $339,988 1.35 x
135 99.0% $4,111,000 71.5% $327,592 1.37 x
136 94.0% $4,000,000 72.9% $375,454 1.60 x
137 98.0% $3,630,000 79.2% $315,848 1.34 x
138 90.0% $3,650,000 77.9% $303,816 1.23 x
139 100.0% $3,833,000 74.2% $348,556 1.53 x
140 100.0% $3,845,000 73.7% $321,965 1.32 x
141 93.0% $3,500,000 79.9% $301,933 1.44 x
142 77.0% $4,830,000 57.8% $365,732 1.51 x
143 100.0% $4,100,000 66.8% $345,962 1.44 x
144 97.0% $4,150,000 65.4% $282,282 1.30 x
145 94.0% $4,100,000 65.8% $315,462 1.40 x
146 65.0% $4,900,000 54.9% $357,430 1.64 x
147 99.0% $3,500,000 76.8% $293,486 1.32 x
148 100.0% $3,635,000 72.8% $317,284 1.48 x
149 100.0% $3,550,000 74.5% $280,033 1.35 x
150 100.0% $3,575,000 73.9% $298,729 1.42 x
151 N/A $4,100,000 64.2% $450,185 1.59 x
152 100.0% $2,860,000 91.1% $248,105 1.12 x
153 97.0% $3,266,000 78.9% $290,983 1.23 x
154 94.0% $3,535,000 72.0% $284,014 1.44 x
155 86.0% $3,700,000 67.3% $273,197 1.33 x
156 92.0% $4,700,000 52.9% $412,383 1.95 x
157 100.0% $3,700,000 66.7% $396,980 1.28 x
158 N/A $3,400,000 71.9% $353,535 1.63 x
159 97.0% $3,260,000 74.3% $255,209 1.30 x
160 N/A $3,250,000 73.7% $300,937 1.43 x
161 99.0% $3,590,000 66.7% $302,298 1.53 x
162 98.0% $3,100,000 77.1% $263,608 1.41 x
163 100.0% $3,300,000 71.1% $253,374 1.44 x
164 97.0% $2,925,000 79.6% $254,139 1.26 x
165 96.0% $2,975,000 77.5% $255,005 1.37 x
166 94.0% $2,925,000 77.5% $271,706 1.63 x
167 100.0% $4,000,000 56.1% $333,746 1.84 x
168 100.0% $2,775,000 80.0% $234,239 1.29 x
169 94.0% $2,950,000 72.1% $227,096 1.37 x
170 91.0% $3,010,000 70.5% $234,290 1.38 x
171 N/A $3,050,000 68.8% $274,488 1.48 x
172 100.0% $3,000,000 69.9% $249,946 1.49 x
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Units/
Sq. Ft./ Later of
Rooms/ Fee Simple/ Year Built/
# Property Name (1) Property Type Pads Leasehold Year Renovated
- ----------------- ------------- ---- --------- --------------
<S> <C> <C> <C> <C> <C>
173 Shadydale Village Mobile Home Park Manufactured Housing 214 Fee 1973
174 Park Terrace Shopping Center Retail 24,813 Fee 1987
175 Hanover Village Apartments Multifamily 152 Fee 1972
176 Travelodge Hotel--Seatac Hotel 72 Fee 1994
177 Harlem Furniture Retail 20,198 Fee 1998
178 Tree Tops Apartments Multifamily 102 Fee 1983
179 Old Town Place Apartments Multifamily 88 Fee 1984
180 The Meadows Apartments Multifamily 88 Fee 1971
181 Chapman & Feldner Shopping Center Retail 15,557 Fee 1985
182 BCH Office Building Mixed Use 38,531 Fee 1977
183 Colonial Pines Mobile Estates Manufactured Housing 176 Fee 1995
184 NationsBank Professional Center Office 25,619 Fee 1982
185 Belmeade Office Park Industrial 58,800 Fee 1983
186 Central Building Mixed Use 30,804 Fee 1988
187 710 Amsterdam Avenue Multifamily 18 Fee 1984
188 Sandstone Apartments & Vista North Apartments Multifamily 97 Fee 1986
189 Highland Park Place Shopping Center Retail 22,280 Fee 1996
190 Salem Creek Apartment Complex Multifamily 78 Fee 1986
191 Country Greens Apartments Multifamily 116 Fee 1974
192 Quail Ridge Apartments Multifamily 104 Fee 1996
193 Harold Gilstrap Shopping Center Retail 83,131 Fee/Leasehold 1982
194 Sahara West Plaza Retail 29,156 Fee 1974
195 Walgreen's Retail 23,000 Fee 1998
196 Econolodge - Bangor, ME Hotel 127 Fee 1997
197 Comfort Inn - Bangor, ME Hotel 96 Fee 1996
198 Point Clinton Mixed Use 20,296 Fee 1992
199 Rite-Aid Pharmacy Credit Tenant Lease 11,180 Fee 1998
200 Ravenscroft Apartments Multifamily 75 Fee 1965
201 Coach Country Corral MHP Manufactured Housing 82 Fee 1971
202 Taft and Cleveland Paradise Apartments Multifamily 70 Fee 1969
203 Tyrone Village MHP Manufactured Housing 110 Fee 1970
204 Steamboat Road Multifamily 29 Fee 1960
205 Kerr Station Village Mixed Use 37,297 Fee 1987
206 Meadow Run Apartments Multifamily 96 Fee 1980
207 45 Church Street Office 24,978 Fee 1997
208 New Brunswick Apartments Multifamily 71 Fee 1932
209 Fiesta RV Resort Other 0 Fee 1983
210 Cedar Place Office Park Office 29,013 Fee 1986
211 Oak Hollow Mobile Home Park Manufactured Housing 88 Fee 1960
212 Centerline Plaza Apartments Multifamily 61 Fee 1970
213 Gottschalk's Department Store Retail 40,000 Fee 1994
214 Southport Place Office 16,182 Fee 1985
215 Bell Building Office 25,066 Fee 1997
216 Days Inn - Bangor, ME Hotel 101 Fee/Leasehold 1996
217 Stratford Shopping Center Retail 31,500 Fee 1997
218 Country Aire Manor Manufactured Housing 69 Fee 1984
219 Corlett Creek Apartments Multifamily 77 Fee 1997
220 Anchor Bay Apartments Multifamily 58 Fee 1970
221 Tall Pines Shopping Center Retail 50,246 Fee 1982
222 Skyline Professional Building Office 24,881 Fee 1989
223 Southwood Acres MHP Manufactured Housing 101 Fee 1992
224 Nalbert Apartments Multifamily 34 Fee 1949
225 1220 South University Avenue Retail 20,023 Fee 1986
226 Ware's Van & Storage Co. Industrial 56,600 Fee 1986
227 49 Commerce Drive / 81 Ethan Allen Drive Industrial 44,351 Fee 1997
228 3211 Battleground Retail 10,000 Fee 1997
229 Gardner Building Industrial 56,400 Fee 1997
230 778 Main Street Office 28,837 Fee 1988
231 Briarwood Apartments Multifamily 70 Fee 1974
232 Walton Village Shopping Center Retail 40,849 Fee 1988
233 Rancho Santa Fe Shopping Center Retail 13,727 Fee 1996
234 Winston Place Apartments Multifamily 80 Fee 1975
235 Hondo Park Apartments Multifamily 67 Fee 1992
236 Allegheny Apartments Multifamily 54 Fee 1997
237 Huntington North Apartments Multifamily 48 Fee 1973
238 Rite Aid - Yarmouth Credit Tenant Lease 11,180 Leasehold 1998
239 Sylvan Apartments Multifamily 48 Fee 1997
240 Finger Lakes/Farmington Court Apartments Multifamily 64 Fee 1966
241 Woodlake Resort Village Apartments Multifamily 50 Fee 1994
242 Walnut Villas Apartments Multifamily 100 Fee 1971
243 Portsmouth Place Apartments Multifamily 48 Fee 1987
244 70 Warren Avenue Multifamily 36 Fee 1994
245 Martinsville Plaza Retail 11,750 Fee 1994
246 Route 66 Business World Retail 21,825 Fee 1994
247 Woodwinds Condominiums Multifamily 53 Fee 1983
248 College Square Apartments Multifamily 70 Fee 1971
249 Car Engineering Building Industrial 37,000 Fee 1997
250 Executive Townhomes Multifamily 61 Fee 1978
251 Parkside Place Apartments Multifamily 84 Fee 1997
252 Hartford Crossing Retail Plaza Retail 40,272 Fee 1997
253 Cypress Plaza Shopping Center Retail 91,637 Fee 1967
254 Sarasota Place Apartments Multifamily 48 Fee 1991
255 Clayton Forest Apartments Multifamily 64 Fee 1993
256 Checker Auto Parts Store Retail 14,000 Fee 1998
257 Southpointe Center Retail 42,648 Fee 1990
258 Maple Court Apartments Multifamily 34 Fee 1965
259 Crestwood MHP Manufactured Housing 60 Fee 1987
260 Hyde Park Place Apartments Multifamily 60 Fee 1965
261 Allen Medical Office Building Office 15,000 Fee 1984
262 Canyon View Offices Office 15,531 Fee 1977
<CAPTION>
Occupancy
Rate at Appraised Cut-off Date U/W U/W
# U/W (6) Value LTV Ratio NCF (7) DSCR (8)
- ------- ----- --------- ------- --------
<S> <C> <C> <C> <C> <C>
173 93.0% $2,970,000 70.5% $218,298 1.21 x
174 95.0% $2,700,000 77.6% $224,109 1.35 x
175 100.0% $3,450,000 60.7% $250,903 1.50 x
176 N/A $3,100,000 67.4% $301,595 1.57 x
177 100.0% $2,800,000 74.6% $268,835 1.35 x
178 88.0% $4,200,000 49.6% $239,256 1.37 x
179 100.0% $2,850,000 72.8% $267,705 1.56 x
180 92.0% $2,630,000 78.2% $214,137 1.30 x
181 100.0% $2,900,000 68.8% $237,244 1.37 x
182 100.0% $2,750,000 72.5% $235,567 1.39 x
183 80.0% $2,890,000 68.9% $210,868 1.33 x
184 100.0% $2,650,000 73.5% $209,516 1.37 x
185 100.0% $2,630,000 74.0% $226,176 1.36 x
186 100.0% $3,000,000 64.1% $243,777 1.31 x
187 100.0% $2,500,000 76.5% $209,662 1.40 x
188 97.0% $2,550,000 74.4% $212,489 1.49 x
189 100.0% $2,450,000 75.3% $236,321 1.56 x
190 97.0% $2,375,000 77.6% $225,165 1.49 x
191 100.0% $2,420,000 76.0% $234,150 1.48 x
192 94.0% $2,410,000 76.1% $195,528 1.34 x
193 97.0% $2,600,000 69.0% $260,497 1.71 x
194 97.0% $2,500,000 71.7% $218,878 1.47 x
195 100.0% $3,400,000 52.7% $264,270 1.66 x
196 N/A $2,750,000 65.2% $264,514 1.64 x
197 N/A $2,700,000 66.4% $245,290 1.52 x
198 94.0% $2,400,000 74.6% $211,385 1.22 x
199 100.0% $1,960,000 89.1% $172,524 1.06 x
200 92.0% $2,350,000 74.3% $179,789 1.35 x
201 100.0% $2,375,000 73.2% $198,945 1.32 x
202 100.0% $2,180,000 79.7% $197,084 1.29 x
203 96.0% $2,130,000 79.7% $196,751 1.45 x
204 97.0% $2,200,000 77.2% $198,831 1.35 x
205 91.0% $2,650,000 64.1% $188,451 1.32 x
206 98.0% $2,100,000 80.6% $208,972 1.51 x
207 93.0% $2,500,000 67.6% $205,288 1.37 x
208 97.0% $2,425,000 68.9% $197,755 1.47 x
209 30.0% $2,200,000 74.8% $212,765 1.48 x
210 100.0% $2,400,000 68.6% $183,644 1.39 x
211 99.0% $2,300,000 71.5% $200,748 1.45 x
212 95.0% $2,330,000 70.4% $178,938 1.38 x
213 100.0% $2,300,000 69.9% $195,623 1.37 x
214 100.0% $2,150,000 74.3% $185,686 1.26 x
215 100.0% $2,140,000 74.6% $174,229 1.36 x
216 N/A $2,285,000 69.8% $221,866 1.56 x
217 100.0% $2,200,000 72.4% $196,996 1.49 x
218 100.0% $2,050,000 77.7% $164,663 1.27 x
219 99.0% $1,960,000 80.3% $190,460 1.46 x
220 93.0% $2,160,000 72.0% $163,121 1.32 x
221 93.0% $2,000,000 76.6% $217,293 1.49 x
222 98.0% $2,050,000 74.3% $184,180 1.43 x
223 95.0% $2,325,000 65.2% $236,617 1.99 x
224 100.0% $1,900,000 79.7% $185,003 1.41 x
225 92.0% $2,350,000 63.7% $167,102 1.40 x
226 100.0% $2,000,000 74.9% $183,158 1.24 x
227 95.0% $2,000,000 74.5% $215,809 1.35 x
228 100.0% $2,000,000 74.3% $182,744 1.21 x
229 100.0% $2,325,000 63.0% $214,245 1.68 x
230 100.0% $1,950,000 74.3% $156,331 1.30 x
231 99.0% $2,050,000 70.6% $173,713 1.57 x
232 100.0% $3,575,000 40.4% $269,224 1.72 x
233 100.0% $2,040,000 70.8% $153,310 1.24 x
234 96.0% $1,850,000 77.6% $162,495 1.45 x
235 97.0% $2,090,000 68.1% $146,241 1.27 x
236 100.0% $1,850,000 76.7% $156,527 1.39 x
237 100.0% $1,878,000 75.3% $175,824 1.30 x
238 100.0% $1,620,000 87.3% $142,495 1.14 x
239 97.0% $1,850,000 75.5% $179,016 1.64 x
240 98.0% $1,900,000 73.5% $164,818 1.58 x
241 94.0% $1,800,000 77.6% $153,811 1.33 x
242 99.0% $2,000,000 69.8% $167,156 1.53 x
243 100.0% $1,750,000 79.6% $166,053 1.42 x
244 100.0% $1,730,000 79.1% $171,244 1.41 x
245 100.0% $2,050,000 65.7% $134,690 1.26 x
246 100.0% $1,800,000 73.4% $155,566 1.33 x
247 96.0% $2,450,000 53.2% $155,449 1.53 x
248 97.0% $2,100,000 61.8% $177,402 1.94 x
249 100.0% $1,750,000 74.2% $174,441 1.51 x
250 97.0% $2,100,000 61.8% $178,812 1.55 x
251 99.0% $1,800,000 72.1% $164,658 1.34 x
252 97.0% $1,760,000 73.5% $135,737 1.25 x
253 75.0% $5,010,000 25.5% $361,394 1.98 x
254 100.0% $1,625,000 78.0% $155,842 1.40 x
255 94.0% $1,600,000 77.9% $129,267 1.31 x
256 100.0% $2,037,000 60.9% $159,183 1.33 x
257 78.0% $2,350,000 52.3% $212,607 1.35 x
258 100.0% $1,650,000 74.1% $142,890 1.45 x
259 100.0% $1,700,000 71.7% $125,378 1.31 x
260 100.0% $1,525,000 79.7% $166,704 1.74 x
261 100.0% $1,950,000 62.1% $176,220 1.29 x
262 95.0% $1,700,000 70.5% $169,489 1.56 x
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Units/
Sq. Ft./ Later of
Rooms/ Fee Simple/ Year Built/
# Property Name (1) Property Type Pads Leasehold Year Renovated
- ----------------- ------------- ---- --------- --------------
<S> <C> <C> <C> <C> <C>
263 Firehouse Square Retail 21,020 Fee 1988
264 Plymouth Place Plaza Retail 17,400 Fee 1986
265 Meridian Mobile Estates Manufactured Housing 51 Fee 1981
266 Country Mobile Estates Manufactured Housing 78 Fee 1968
267 Village Apartments Multifamily 100 Fee 1970
268 Ackels Mobile Home Park Manufactured Housing 116 Fee 1995
269 Redford Manor Apartments Multifamily 32 Fee 1961
270 Doms Business Park Office 25,854 Fee 1987
271 Bradfield Creek Townhomes Multifamily 26 Fee 1982
272 San Remo Apartments Multifamily 16 Fee 1993
273 Consolidated Printing Industrial 21,600 Fee 1998
274 Knightsbridge Apartments Multifamily 54 Fee 1989
275 Whispering Meadows Multifamily 31 Fee 1986
276 Buckingham Court Apartments Multifamily 52 Fee 1983
277 Homestead Apartments Multifamily 100 Fee 1972
278 4th Avenue West Estates Manufactured Housing 35 Fee 1996
279 Long Point Plaza Apartments Multifamily 84 Fee 1960
280 Treaty Oaks Apartments Multifamily 48 Fee 1963
281 Wilshire Estates MHP Manufactured Housing 172 Fee 1972
282 Hollywood Video Retail 7,000 Fee 1997
283 5 Milk Street Office 25,106 Fee 1982
284 Cardi Building Office 20,548 Fee 1985
285 Boulevard of Chevy Chase Apartments Multifamily 14 Fee 1989
286 10 McKinley Street Office 12,180 Fee 1975
287 Londonaire Townhouses Multifamily 48 Fee 1998
288 Heon Court Apartments Multifamily 24 Fee 1997
289 One Cameron Place Shopping Center Retail 8,732 Fee 1986
290 197 U.S. Route One Mixed Use 22,965 Fee 1974
291 980 Forest Avenue Office 17,548 Fee 1976
292 Chandler Crossing Apartments Multifamily 46 Fee 1998
293 Kingswood Place Apartments Multifamily 32 Fee 1968
294 4525-4535 McEwen Road Industrial 36,122 Fee 1996
295 Doms Metroplex Park Industrial 23,573 Fee 1990
296 Baxter Mills Apartments Multifamily 25 Fee 1995
297 Seven Eleven Retail 6,500 Fee 1996
298 Royal North Apartments Multifamily 85 Fee 1997
299 3314 Mount Pleasant Apartments Multifamily 36 Fee 1922
300 Virginia Apartments Multifamily 31 Fee 1996
301 Pagewood Oval Apartments Multifamily 30 Fee 1997
302 Creekview Condominiums Multifamily 22 Fee 1984
303 Park Hill Apartments Multifamily 32 Fee 1986
304 Amherst Gardens Manufactured Housing 53 Fee 1950
305 Arlington Arms Apartments Multifamily 19 Fee 1997
306 Rebecca Apartments Multifamily 50 Fee 1992
307 Barstow Plaza Retail 64,874 Fee 1974
308 Fleur de Lis Apartments Multifamily 31 Fee 1973
309 2602 Penny Lane Multifamily 20 Fee 1995
310 3246 Navarre Avenue Mixed Use 9,816 Fee 1988
311 Tara Apartments Multifamily 16 Fee 1980
312 Mark V Apartments Multifamily 16 Fee 1969
313 Hallmark Apartments Multifamily 16 Fee 1997
314 Mirage Apartments Multifamily 18 Fee 1998
315 Main Street Studios Multifamily 5 Fee 1997
316 Summertree Apartments Multifamily 48 Fee 1974
317 Prestige State Bank Retail 3,305 Fee 1997
318 Masonic Temple Mixed Use 17,074 Fee 1971
<CAPTION>
Occupancy
Rate at Appraised Cut-off Date U/W U/W
# U/W (6) Value LTV Ratio NCF (7) DSCR (8)
- ------- ----- --------- ------- --------
<S> <C> <C> <C> <C> <C>
263 71.0% $1,500,000 79.8% $145,895 1.40 x
264 100.0% $1,600,000 74.6% $142,544 1.36 x
265 100.0% $1,630,000 73.3% $127,952 1.25 x
266 100.0% $2,300,000 50.8% $190,203 1.87 x
267 92.0% $1,665,000 67.4% $152,975 1.53 x
268 99.0% $2,500,000 43.9% $246,133 2.79 x
269 100.0% $1,400,000 78.0% $121,735 1.38 x
270 100.0% $1,730,000 62.4% $131,645 1.37 x
271 100.0% $1,540,000 68.0% $130,983 1.41 x
272 100.0% $1,300,000 79.7% $126,351 1.52 x
273 100.0% $1,400,000 73.1% $135,244 1.41 x
274 100.0% $1,260,000 79.3% $115,110 1.33 x
275 100.0% $1,250,000 79.7% $114,626 1.31 x
276 100.0% $1,420,000 70.2% $121,543 1.47 x
277 100.0% $1,300,000 76.6% $102,777 1.28 x
278 100.0% $1,600,000 62.1% $132,903 1.24 x
279 96.0% $1,240,000 77.1% $123,475 1.33 x
280 92.0% $1,300,000 73.0% $118,484 1.41 x
281 100.0% $1,360,000 69.2% $139,610 1.34 x
282 100.0% $1,260,000 73.0% $114,457 1.28 x
283 100.0% $1,775,000 50.6% $113,342 1.42 x
284 100.0% $1,300,000 69.2% $106,667 1.34 x
285 100.0% $1,150,000 77.9% $95,177 1.30 x
286 93.0% $1,160,000 73.2% $96,493 1.28 x
287 92.0% $1,100,000 77.1% $97,434 1.54 x
288 100.0% $1,060,000 79.0% $101,399 1.42 x
289 100.0% $1,160,000 71.0% $98,433 1.35 x
290 100.0% $1,100,000 74.8% $101,481 1.41 x
291 91.0% $1,130,000 71.4% $89,544 1.26 x
292 98.0% $1,000,000 79.7% $94,648 1.34 x
293 100.0% $1,150,000 68.0% $95,122 1.23 x
294 100.0% $1,140,000 65.7% $90,309 1.33 x
295 100.0% $1,330,000 56.3% $89,803 1.35 x
296 92.0% $925,000 79.8% $92,454 1.42 x
297 100.0% $985,000 73.4% $84,552 1.36 x
298 98.0% $980,000 73.5% $92,310 1.37 x
299 100.0% $950,000 74.5% $87,541 1.35 x
300 100.0% $880,000 79.5% $87,729 1.43 x
301 100.0% $960,000 70.1% $86,977 1.48 x
302 100.0% $790,000 79.6% $80,206 1.44 x
303 100.0% $940,000 65.3% $72,749 1.58 x
304 100.0% $1,000,000 59.9% $94,905 1.82 x
305 100.0% $740,000 78.9% $66,559 1.34 x
306 92.0% $700,000 74.5% $72,425 1.32 x
307 85.0% $2,000,000 25.0% $107,050 2.34 x
308 100.0% $625,000 79.7% $60,581 1.27 x
309 100.0% $605,000 79.8% $61,456 1.40 x
310 100.0% $610,000 74.8% $51,751 1.28 x
311 100.0% $630,000 71.2% $54,332 1.26 x
312 100.0% $560,000 74.8% $49,057 1.29 x
313 100.0% $510,000 78.2% $51,245 1.37 x
314 100.0% $485,000 79.7% $46,134 1.28 x
315 100.0% $600,000 63.2% $42,386 1.28 x
316 96.0% $525,000 70.4% $46,162 1.31 x
317 100.0% $500,000 71.9% $42,660 1.26 x
318 94.0% $560,000 62.4% $44,497 1.40 x
</TABLE>
<TABLE>
<CAPTION>
Total/Weighted Average 1988 95.9%
================================================================================
<S> <C> <C> <C> <C> <C> <C>
Maximum: 1998 100.0% 7473203281.0% 100.0% 100.0% 0.0%
Minimum: 1922 30.0% 0.0% 0.0% 30.0% 0.0%
<CAPTION>
Total/Weighted Average $ 16,922,329 71.6% 55.1% $1,443,634 1.45 x
=============================================================================================
<S> <C> <C> <C> <C> <C> <C>
Maximum: $ 105,000,000 $ - 91.1% 75.5% $ 8,387,294 2.79 x
Minimum: $ 95,000 $ - 25.0% 0.0% $ 11,043 1.06 x
</TABLE>
(1A) The Mortgage Loans secured by 250 South Clinton Street, GATX Warehouse,
1001 and 1011 Airport Industrial Park, Northeast Industrial Building #
21, 507 Plum Street, Zanesville, Northeast Industrial Building # 8,
Northeast Industrial Building # 22, 4, 5 & 8 Marway Circle, Marysville
and One Clinton Square, respectively, are cross-collateralized and
cross-defaulted.
(1B) The Mortgage Loans secured by The 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. Such Mortgage Loans require
payments of interest only for their entire terms.
(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 Mobile Estates, 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 $12,240,000.
(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 has an interest only period of 24 months from
origination and thereafter is scheduled to amortize over 336 months.
(3) Green's Corner Shopping Center 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 of Maine, Inc. provides for an
increase in the amount of the monthly payment to $24,426.87 in July 2008.
The Underwritten DSCR presented herein with respect to the mortgage loan
is based on monthly payment in effect as of December 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, Green's Corner Shopping Center 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
Aggregate Percentage of Aggregate Average
Number Cut-off Date Initial Appraised Cut-off Date
State of Loans Balance (1) Pool Balance Value LTV Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
New York 19 $ 154,641,881 13.5% $ 208,145,000 74.5%
California 40 146,120,586 12.7% 215,490,000 70.4%
Texas 49 126,540,415 11.0% 169,520,000 75.1%
Florida 28 124,437,537 10.8% 162,755,000 76.5%
Illinois 19 114,847,294 10.0% 176,785,000 66.9%
Alabama 8 41,387,710 3.6% 61,650,000 68.3%
Ohio 8 35,190,077 3.1% 48,370,000 73.0%
Michigan 15 33,445,788 2.9% 46,560,000 73.9%
Georgia 10 32,095,046 2.8% 43,160,000 74.5%
New Jersey 15 30,067,386 2.6% 45,175,000 67.3%
Delaware 3 25,063,708 2.2% 38,375,000 65.3%
Nevada 7 24,458,829 2.1% 44,150,000 58.5%
Indiana 6 24,246,029 2.1% 39,400,000 62.1%
Maine 12 20,199,567 1.8% 28,258,000 72.8%
Kentucky 2 18,677,296 1.6% 25,550,000 73.3%
Virginia 6 15,792,365 1.4% 21,465,000 73.6%
Maryland 5 15,453,506 1.3% 20,010,000 77.3%
Washington 10 15,286,618 1.3% 21,955,000 70.5%
Tennessee 3 14,279,115 1.2% 19,745,000 72.5%
Colorado 3 13,298,622 1.2% 23,037,000 60.8%
North Carolina 6 12,895,856 1.1% 19,495,000 67.6%
New Hampshire 10 11,659,314 1.0% 15,205,000 77.4%
New Mexico 4 11,508,552 1.0% 20,461,000 57.9%
Connecticut 4 9,965,187 0.9% 14,180,000 70.5%
Pennsylvania 2 9,368,492 0.8% 12,550,000 75.6%
Missouri 2 8,948,338 0.8% 11,300,000 79.2%
Minnesota 3 8,442,343 0.7% 12,850,000 67.7%
Massachusetts 2 8,353,069 0.7% 11,330,000 73.7%
Kansas 2 8,212,836 0.7% 11,100,000 74.0%
South Carolina 3 7,474,564 0.7% 9,526,000 78.5%
Arkansas 1 6,336,379 0.6% 10,900,000 58.1%
Alaska 2 6,224,117 0.5% 8,588,000 72.5%
Wisconsin 2 5,782,263 0.5% 9,100,000 63.5%
Louisiana 3 3,087,389 0.3% 3,925,000 78.8%
Oregon 1 2,347,823 0.2% 3,300,000 71.1%
Vermont 1 1,490,301 0.1% 2,000,000 74.5%
Rhode Island 1 1,294,855 0.1% 1,760,000 73.5%
District of Columbia 1 707,854 0.1% 950,000 74.5%
------------------------------------------------------------------------------------------------
Total/Weighted Average: 318 $ 1,149,628,904 100.0% $ 1,638,075,000 71.6%
================================================================================================
<CAPTION>
Weighted
Average Weighted
Weighted Occupancy Average
Aggregate Average Rate at Year Built/
State U/W NCF (2) U/W DSCR U/W (3) Renovated (4)
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
New York $ 17,859,305 1.38 x 96.6% 1992
California 17,555,913 1.44 97.2% 1987
Texas 14,582,045 1.38 95.5% 1989
Florida 14,298,174 1.35 93.5% 1989
Illinois 15,747,360 1.67 97.0% 1982
Alabama 5,435,689 1.38 90.6% 1989
Ohio 4,214,131 1.46 96.6% 1991
Michigan 4,007,915 1.46 96.1% 1988
Georgia 3,617,926 1.32 96.1% 1990
New Jersey 3,588,826 1.36 95.5% 1983
Delaware 3,762,951 1.78 95.0% 1997
Nevada 3,845,644 1.84 94.2% 1984
Indiana 3,197,871 1.57 89.4% 1987
Maine 2,466,521 1.34 99.2% 1992
Kentucky 2,575,287 1.56 100.0% 1986
Virginia 1,812,860 1.41 95.8% 1989
Maryland 1,725,680 1.37 96.4% 1987
Washington 1,941,817 1.45 96.6% 1982
Tennessee 1,848,783 1.42 99.3% 1990
Colorado 1,535,085 1.35 84.4% 1991
North Carolina 1,471,987 1.34 94.8% 1989
New Hampshire 1,553,062 1.54 99.0% 1989
New Mexico 1,821,243 1.74 99.0% 1994
Connecticut 1,271,298 1.43 96.6% 1989
Pennsylvania 1,063,928 1.37 100.0% 1987
Missouri 1,069,982 1.51 96.5% 1993
Minnesota 1,058,693 1.64 98.0% 1993
Massachusetts 911,549 1.28 100.0% 1995
Kansas 896,468 1.29 96.0% 1989
South Carolina 864,272 1.33 98.5% 1983
Arkansas 875,698 1.58 100.0% 1980
Alaska 822,781 1.58 96.7% 1991
Wisconsin 755,262 1.63 95.4% 1981
Louisiana 340,982 1.29 99.5% 1978
Oregon 253,374 1.44 100.0% 1962
Vermont 215,809 1.35 95.0% 1997
Rhode Island 135,737 1.25 97.0% 1997
District of Columbia 87,541 1.35 100.0% 1922
---------------------------------------------------------------------------
Total/Weighted Average: $141,089,449 1.45 x 95.9% 1988
===========================================================================
</TABLE>
(1) Assumes a Cut-off Date of December 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 Weighted Weighted
Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
Property Type of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Multifamily 114 $ 321,935,877 28.0% $ 434,050,000 74.7% $ 36,981,702 1.41 x
Retail 65 230,884,666 20.1% 339,937,000 70.5% 28,616,990 1.51
Office 39 225,732,494 19.6% 311,668,000 72.7% 25,981,869 1.37
Hotel 28 156,034,952 13.6% 247,545,000 64.5% 23,528,964 1.65
Industrial 25 85,001,549 7.4% 114,860,000 74.8% 10,083,735 1.38
Mixed Use 13 59,493,273 5.2% 88,075,000 69.8% 6,930,180 1.36
Manufactured Housing 19 37,923,023 3.3% 57,250,000 68.4% 4,796,742 1.55
Other 11 20,720,678 1.8% 29,950,000 69.3% 2,880,980 1.49
Self Storage 1 6,133,110 0.5% 8,300,000 73.9% 725,163 1.35
Credit Tenant Lease 3 5,769,282 0.5% 6,440,000 89.6% 563,124 1.11
----------------------------------------------------------------------------------------------------------
Total/Weighted Average: 318 $1,149,628,904 100.0% $1,638,075,000 71.6% $ 141,089,449 1.45 x
==========================================================================================================
<CAPTION>
Weighted
Average Weighted
Occupancy Average
Rate at Year Built/
Property Type U/W (3) Renovated (4)
- ----------------------------------------------------
<S> <C> <C>
Multifamily 96.1% 1984
Retail 95.8% 1990
Office 95.0% 1992
Hotel N/A 1991
Industrial 98.5% 1989
Mixed Use 97.7% 1990
Manufactured Housing 97.6% 1975
Other 86.4% 1986
Self Storage 83.0% 1995
Credit Tenant Lease 100.0% 1998
--------------------------
Total/Weighted Average: 95.9% 1988
==========================
</TABLE>
(1) Assumes a Cut-off Date of December 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 Aggregate
U/W DSCRs of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2)
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1.060 x - 1.190 4 $ 7,358,253 0.6% $ 8,340,000 88.3% $ 726,291
1.200 - 1.290 52 165,424,376 14.4% 224,196,000 74.3% 18,289,253
1.300 - 1.390 103 444,494,116 38.7% 614,036,000 73.4% 49,683,592
1.400 - 1.490 71 207,079,613 18.0% 279,960,000 74.4% 24,617,293
1.500 - 1.590 41 138,197,437 12.0% 194,618,000 71.6% 18,773,135
1.600 - 1.690 17 75,268,173 6.5% 113,360,000 66.8% 10,706,760
1.700 - 1.790 8 43,476,914 3.8% 71,100,000 61.9% 6,633,276
1.800 - 1.890 6 14,068,507 1.2% 21,980,000 64.7% 2,143,400
1.900 - 1.990 6 16,100,202 1.4% 29,485,000 58.7% 2,836,564
2.000 - 2.790 x 10 38,161,313 3.3% 81,000,000 48.9% 6,679,885
------------------------------------------------------------------------------------------
Total/Weighted Average: 318 $1,149,628,904 100.0% $ 1,638,075,000 71.6% $ 141,089,449
==========================================================================================
<CAPTION>
Average Weighted
Weighted Occupancy Average
Range of Average Rate at Year Built/
U/W DSCRs U/W DSCR U/W (3) Renovated (4)
- --------------------------------------------------------------------------------------
<S> <C> <C> <C>
1.060 x - 1.190 1.11 x 100.0% 1998
1.200 - 1.290 1.26 96.4% 1988
1.300 - 1.390 1.34 95.3% 1990
1.400 - 1.490 1.44 95.9% 1986
1.500 - 1.590 1.54 98.0% 1986
1.600 - 1.690 1.63 94.6% 1985
1.700 - 1.790 1.76 98.9% 1995
1.800 - 1.890 1.83 96.3% 1981
1.900 - 1.990 1.94 90.4% 1987
2.000 - 2.790 x 2.32 97.5% 1987
----------------------------------------------------
Total/Weighted Average: 1.45 x 95.9% 1988
====================================================
</TABLE>
Maximum Underwriting DSCR: 2.79 x
Minimum Underwriting DSCR: 1.06 x
Wtd. Avg. Underwriting DSCR: 1.45 x
(1) Assumes a Cut-off Date of December 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 Aggregate
LTV Ratios of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2)
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
25.00% - 50.00% 14 $ 34,242,096 3.0% $ 83,785,000 41.9% $ 5,587,542
50.01% - 60.00% 23 94,627,546 8.2% 168,285,000 56.3% 13,787,284
60.01% - 70.00% 67 195,270,856 17.0% 294,742,000 66.4% 26,571,902
70.01% - 75.00% 108 398,880,958 34.7% 550,719,000 72.4% 47,542,603
75.01% - 80.00% 97 383,819,756 33.4% 488,244,000 78.6% 43,078,548
80.01% 85.00% 6 37,018,411 3.2% 45,860,000 80.7% 3,958,446
85.01% - 91.20% 3 5,769,282 0.5% 6,440,000 89.6% 563,124
--------------------------------------------------------------------------------------------
Total/Weighted Average: 318 $1,149,628,904 100.0% $ 1,638,075,000 71.6% $141,089,449
============================================================================================
<CAPTION>
Weighted
Average Weighted
Range of Weighted Occupancy Average
Cut-off Date Average Rate at Year Built/
LTV Ratios U/W DSCR U/W (3) Renovated (4)
- --------------------------------------------------------------------------------------
<S> <C> <C> <C>
25.00% - 50.00% 1.90 x 94.0% 1985
50.01% - 60.00% 1.76 93.8% 1989
60.01% - 70.00% 1.54 97.0% 1987
70.01% - 75.00% 1.40 95.2% 1989
75.01% - 80.00% 1.36 96.2% 1988
80.01% 85.00% 1.37 99.5% 1988
85.01% - 91.20% 1.11 100.0% 1998
------------------------------------------
Total/Weighted Average: 1.45 x 95.9% 1988
==========================================
</TABLE>
Maximum Cut-off Date LTV Ratio: 91.1%
Minimum Cut-off Date LTV Ratio: 25.0%
Wtd. Avg. Cut-off Date LTV Ratio: 71.6%
(1) Assumes a Cut-off Date of December 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>
Range of Weighted
Original Aggregate Percentage of Aggregate Average
Amortization Number Cut-off Date Initial Appraised Cut-off Date Aggregate
Terms (Months) of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
120 - 239 15 $ 39,590,321 3.4% $ 66,770,000 62.2% $ 6,084,866
240 - 299 38 95,180,501 8.3% 144,176,000 68.0% 13,739,430
300 - 311 122 404,865,265 35.2% 585,928,000 70.0% 50,488,831
312 - 360 138 584,992,818 50.9% 791,251,000 74.7% 66,708,466
------------------------------------------------------------------------------------------------------
Total/Weighted Average: 313 $1,124,628,904 97.8% $1,588,125,000 72.0% $ 137,021,593
======================================================================================================
<CAPTION>
Weighted
Range of Average Weighted
Original Weighted Occupancy Average
Amortization Average Rate at Year Built/
Terms (Months) U/W DSCR U/W (4) Renovated (5)
- -------------------------------------------------------------------------------------
<S> <C> <C> <C>
120 - 239 1.42 x 96.8% 1991
240 - 299 1.50 99.2% 1989
300 - 311 1.45 96.0% 1991
312 - 360 1.41 95.4% 1986
--------------------------------------------------------
Total/Weighted Average: 1.43 x 95.8% 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 December 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
Range of Aggregate Percentage of Aggregate Average
Original Terms Number Cut-off Date Initial Appraised Cut-off Date Aggregate
to Maturity (Months) of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
60 - 108 4 $ 14,617,313 1.3% $ 20,100,000 74.6% $ 1,697,612
109 - 120 267 995,285,463 86.6% 1,406,119,000 72.0% 120,442,839
121 - 204 29 84,611,776 7.4% 125,226,000 68.6% 11,144,637
205 - 300 18 55,114,352 4.8% 86,630,000 66.9% 7,804,361
--------------------------------------------------------------------------------------------------------
Total/Weighted Average: 318 $ 1,149,628,904 100.0% $1,638,075,000 71.6% $141,089,449
========================================================================================================
<CAPTION>
Weighted
Range of Average Weighted
Original Weighted Occupancy Average
Amortization Average Rate at Year Built/
Terms (Months) U/W DSCR U/W (4) Renovated (5)
- -------------------------------------------------------------------------------------
<S> <C> <C> <C>
60 - 108 1.32 x 91.1% 1984
109 - 120 1.45 95.7% 1988
121 - 204 1.44 97.8% 1990
205 - 300 1.51 99.4% 1995
----------------------------------------------------
Total/Weighted Average: 1.45 x 95.9% 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 December 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
Aggregate Percentage of Aggregate Average
Range of Remaining Number Cut-off Date Initial Appraised Cut-off Date Aggregate
Amort. Terms (Months) of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
117 - 176 4 $ 6,183,504 0.5% $ 13,010,000 54.4% $ 1,147,201
177 - 236 25 59,051,371 5.1% 89,792,000 67.1% 8,522,449
237 - 272 22 65,346,969 5.7% 101,494,000 66.8% 9,589,439
273 - 296 34 131,529,530 11.4% 191,150,000 70.2% 16,529,217
297 - 332 91 278,523,651 24.2% 402,688,000 69.8% 34,639,931
333 - 355 45 206,881,992 18.0% 272,151,000 76.2% 22,769,586
356 - 360 92 377,111,888 32.8% 517,840,000 73.9% 43,823,770
-----------------------------------------------------------------------------------------------------
Total/Weighted Average: 313 $ 1,124,628,904 97.8% $1,588,125,000 72.0% $ 137,021,593
=====================================================================================================
<CAPTION>
Weighted
Average Weighted
Weighted Occupancy Average
Range of Remaining Average Rate at Year Built/
Amort. Terms (Months) U/W DSCR U/W (4) Renovated (5)
- -------------------------------------------------------------------------------------
<S> <C> <C> <C>
117 - 176 1.44 x 90.5% 1979
177 - 236 1.41 99.2% 1993
237 - 272 1.54 99.1% 1987
273 - 296 1.43 95.9% 1990
297 - 332 1.45 96.1% 1991
333 - 355 1.35 93.7% 1988
356 - 360 1.45 96.3% 1985
-------------------------------------------------------
Total/Weighted Average: 1.43 x 95.8% 1988
=======================================================
</TABLE>
Maximum Remaining Amortization Term (Months): 359
Minimum Remaining Amortization Term (Months): 117
Wtd. Avg. Remaining Amortization Term (Months): 319
(1) Excludes Mortgage Loans that require payment of interest only until
maturity.
(2) Assumes a Cut-off Date of December 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
Aggregate Percentage of Aggregate Average
Range of Remaining Terms Number Cut-off Date Initial Appraised Cut-off Date Aggregate
to Stated Maturity (Months) of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
55 - 90 4 $ 14,617,313 1.3% $ 20,100,000 74.6% $ 1,697,612
91 - 126 267 995,285,463 86.6% 1,406,119,000 72.0% 120,442,839
127 - 162 4 10,070,557 0.9% 16,015,000 63.5% 1,385,431
163 - 186 24 72,296,241 6.3% 105,211,000 69.7% 9,425,460
187 - 300 19 57,359,329 5.0% 90,630,000 66.5% 8,138,107
-----------------------------------------------------------------------------------------------------
Total/Weighted Average: 318 $ 1,149,628,904 100.0% $1,638,075,000 71.6% $141,089,449
=====================================================================================================
<CAPTION>
Weighted
Average Weighted
Weighted Occupancy Average
Range of Remaining Terms Average Rate at Year Built/
to Stated Maturity (Months) U/W DSCR U/W (4) Renovated (5)
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C>
55 - 90 1.32 x 91.1% 1984
91 - 126 1.45 95.7% 1988
127 - 162 1.34 97.3% 1991
163 - 186 1.44 97.8% 1989
187 - 300 1.52 99.5% 1995
-------------------------------------------------------------
Total/Weighted Average: 1.45 x 95.9% 1988
=============================================================
</TABLE>
Maximum Remaining Term to Maturity (Months): 298
Minimum Remaining Term to Maturity (Months): 55
Wtd. Avg. Remaining Term to Maturity (Months): 126
(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 December 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> <C>
5.780% - 6.499% 13 $ 23,059,334 2.0% $ 31,983,000 73.4%
6.500% - 6.749% 20 90,479,254 7.9% 123,370,000 74.6%
6.750% - 6.999% 69 355,295,324 30.9% 491,821,000 72.8%
7.000% - 7.249% 89 296,818,463 25.8% 451,616,000 68.3%
7.250% - 7.499% 57 199,005,046 17.3% 281,885,000 71.4%
7.500% - 7.999% 53 164,884,709 14.3% 230,235,000 72.9%
8.000% - 8.520% 17 20,086,774 1.7% 27,165,000 74.1%
-------------------------------------------------------------------------------------------------
Total/Weighted Average: 318 $ 1,149,628,904 100.0% $ 1,638,075,000 71.6%
=================================================================================================
<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> <C>
5.780% - 6.499% $ 2,762,047 1.56 x 97.7% 1980
6.500% - 6.749% 10,183,590 1.44 97.9% 1987
6.750% - 6.999% 41,475,746 1.40 95.6% 1991
7.000% - 7.249% 37,504,976 1.53 94.8% 1988
7.250% - 7.499% 25,687,034 1.45 94.8% 1988
7.500% - 7.999% 20,668,710 1.44 97.7% 1985
8.000% - 8.520% 2,807,346 1.42 98.2% 1987
---------------------------------------------------------------------------
Total/Weighted Average: $141,089,449 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 December 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 Aggregate
Cut-off Date Balances of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
$ 66,772 - 749,999 31 $ 16,496,213 1.4% $ 25,795,000 68.0% $ 2,199,027
750,000 - 1,249,999 44 44,866,265 3.9% 66,422,000 69.4% 5,939,645
1,250,000 - 1,999,999 80 127,750,257 11.1% 182,198,000 71.8% 15,606,555
2,000,000 - 2,999,999 52 128,521,172 11.2% 183,475,000 71.1% 15,720,143
3,000,000 - 3,999,999 28 97,837,443 8.5% 139,075,000 72.3% 11,957,236
4,000,000 - 4,999,999 18 82,124,985 7.1% 127,640,000 66.5% 10,664,469
5,000,000 - 5,999,999 21 113,363,223 9.9% 162,740,000 71.4% 14,077,689
6,000,000 - 9,999,999 28 200,511,124 17.4% 285,450,000 71.6% 23,484,082
10,000,000 - 14,999,999 5 60,847,618 5.3% 80,580,000 75.7% 6,717,733
15,000,000 - 19,999,999 5 91,281,760 7.9% 126,500,000 73.5% 11,726,733
20,000,000 - 24,999,999 5 111,296,811 9.7% 153,200,000 73.1% 14,608,843
25,000,000 - $75,000,000 1 74,732,033 6.5% 105,000,000 71.2% 8,387,294
-----------------------------------------------------------------------------------------------
Total/Weighted Average: 318 $ 1,149,628,904 100.0% $ 1,638,075,000 71.6% $ 141,089,449
===============================================================================================
<CAPTION>
Weighted
Average Weighted
Weighted Occupancy Average
Range of Average Rate at Year Built/
Cut-off Date Balances U/W DSCR U/W (3) Renovated (4)
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C>
$ 66,772 - 749,999 1.51 x 98.6% 1984
750,000 - 1,249,999 1.47 97.2% 1983
1,250,000 - 1,999,999 1.42 96.5% 1985
2,000,000 - 2,999,999 1.45 95.9% 1986
3,000,000 - 3,999,999 1.46 96.4% 1987
4,000,000 - 4,999,999 1.50 97.6% 1992
5,000,000 - 5,999,999 1.48 96.3% 1987
6,000,000 - 9,999,999 1.39 94.0% 1990
10,000,000 - 14,999,999 1.36 94.8% 1988
15,000,000 - 19,999,999 1.60 97.9% 1990
20,000,000 - 24,999,999 1.53 95.6% 1986
25,000,000 - $75,000,000 1.33 95.0% 1997
--------------------------------------------------------
Total/Weighted Average: 1.45 x 95.9% 1988
========================================================
</TABLE>
Maximum Cut-off Date Balance: $74,732,033
Minimum Cut-off Date Balance: $66,773
Average Cut-off Date Balance: $3,615,185
(1) Assumes a Cut-off Date of December 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
Years Number Cut-off Date Initial Appraised Cut-off Date
Built/Renovated of Loans Balance (2) Pool Balance Value LTV Ratio
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1922 - 1950 4 $ 4,492,611 0.4% $ 6,275,000 72.2%
1951 - 1960 3 4,298,780 0.4% 5,740,000 75.0%
1961 - 1970 23 43,605,813 3.8% 65,301,000 69.8%
1971 - 1980 50 158,230,236 13.8% 228,683,000 70.7%
1981 - 1990 102 377,075,250 32.8% 539,253,000 71.6%
1991 - 1998 136 561,926,214 48.9% 792,823,000 71.9%
---------------------------------------------------------------------------------------
Total/Weighted Average: 318 $ 1,149,628,904 100.0% $ 1,638,075,000 71.6%
=======================================================================================
<CAPTION>
Weighted
Average Weighted
Range of Weighted Occupancy Average
Years Aggregate Average Rate at Year Built/
Built/Renovated U/W NCF (3) U/W DSCR U/W (4) Renovated (1)
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1922 - 1950 $ 565,204 1.48 x 98.9% 1939
1951 - 1960 523,054 1.38 97.5% 1960
1961 - 1970 5,291,183 1.46 94.7% 1967
1971 - 1980 19,652,566 1.48 96.7% 1975
1981 - 1990 47,169,530 1.48 96.2% 1986
1991 - 1998 67,887,912 1.42 95.5% 1995
-----------------------------------------------------------------------
Total/Weighted Average: $ 141,089,449 1.45 x 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 December 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 Aggregate
Rates at U/W of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
30.0% - 69.9% 2 $ 4,338,800 0.4% $ 7,100,000 62.5% $ 570,195
70.0% - 79.9% 5 12,478,159 1.1% 22,200,000 62.0% 1,795,378
80.0% - 89.9% 14 65,502,939 5.7% 102,400,000 67.2% 7,490,107
90.0% - 100.0% 269 911,274,055 79.3% 1,258,830,000 73.3% 107,704,805
----------------------------------------------------------------------------------------------
Total/Weighted Average: 290 $ 993,593,952 86.4% $ 1,390,530,000 72.7% $ 117,560,485
==============================================================================================
<CAPTION>
Weighted
Average Weighted
Range of Weighted Occupancy Average
Occupancy Average Rate at Year Built/
Rates at U/W U/W DSCR U/W (1) Renovated (4)
- -------------------------------------------------------------------------------------
<S> <C> <C> <C>
30.0% - 69.9% 1.58 x 51.7% 1992
70.0% - 79.9% 1.48 75.8% 1988
80.0% - 89.9% 1.39 85.9% 1987
90.0% - 100.0% 1.42 97.1% 1988
-----------------------------------------------
Total/Weighted Average: 1.42 x 95.9% 1988
===============================================
</TABLE>
Maximum Occupancy Rate at Underwriting: 100.0%
Minimum Occupancy Rate at Underwriting: 30.0%
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 December 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 Cut-off Date
<TABLE>
<CAPTION>
Weighted
Average
Remaining
Range of Aggregate Percentage of Lockout
Remaining Terms to Number of Cut-off Date Initial Mortgage Period
Stated Maturity (years) (1) Loans Balance (2) Pool Balance Rate (years)
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
4.0 - 4.9 2 $ 5,334,181 0.5% 5.76% 4.1
6.0 - 6.9 2 9,283,132 0.8% 6.46% 1.8
9.0 - 9.9 267 995,285,463 86.6% 5.91% 8.7
10.0 - 10.9 1 1,595,934 0.1% 0.00% 10.3
11.0 - 11.9 3 8,474,623 0.7% 5.72% 11.3
14.0 - 14.9 24 72,296,241 6.3% 5.62% 14.0
16.0 - 16.9 1 2,244,978 0.2% 0.00% 16.3
17.0 - 17.9 1 5,226,550 0.5% 6.99% 17.3
19.0 - 19.9 16 43,603,401 3.8% 5.47% 18.6
24.0 - 24.9 1 6,284,400 0.5% 7.00% 24.3
-------------------------------------------------------------------------------
Total/Weighted Average: 318 $1,149,628,904 100.0% 5.14% 9.5
===============================================================================
<CAPTION>
Weighted
Average
Remaining Weighted
Range of Lockout Average
Remaining Terms to Plus YM Period Maturity
Stated Maturity (years) (1) (years) (years)
- ---------------------------------------------------------------------------------
<S> <C> <C>
4.0 - 4.9 4.1 4.6
6.0 - 6.9 1.8 6.2
9.0 - 9.9 9.2 9.7
10.0 - 10.9 10.3 10.8
11.0 - 11.9 11.3 11.8
14.0 - 14.9 14.1 14.7
16.0 - 16.9 16.3 16.8
17.0 - 17.9 17.3 17.8
19.0 - 19.9 19.1 19.7
24.0 - 24.9 24.3 24.8
-------------------------------------
Total/Weighted Average: 10.0 10.5
=====================================
</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 December 1, 1998.
Prepayment Type as of the Cut-off 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 / Defeasance 249 $ 1,043,002,466 90.7% 10.1 10.1 10.6
Lockout / Yield Maintenance 64 76,336,573 6.6% 3.5 9.6 10.2
Defeasance / Yield Maintenance 3 21,006,733 1.8% 4.5 8.9 9.5
Lockout / Prepayment Penalty 1 7,198,183 0.6% 1.2 1.2 6.2
Lockout 1 2,084,949 0.2% 4.2 4.2 6.2
---------------------------------------------------------------------------------------------
Total/Weighted Average: 318 $ 1,149,628,904 100.0% 9.5 10.0 10.5
=============================================================================================
</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 December 1, 1998.
(3) "Defeasance / Yield Maintenance" means that the Mortgage Loan provides for
a Lockout Period followed by a period during which defeasance is permitted.
The two periods are together presented as a Lockout Period during which
defeasance is permitted.
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