<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) February 22, 1999
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
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(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 March 1999, a single series of
certificates, entitled DLJ Commercial Mortgage Corp., Commercial Mortgage
Pass-Through Certificates, Series 1999-CGI (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"), GE Capital Loan Services, Inc. as Master Servicer, Banc One
Mortgage Capital Markets, LLC, as 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 ("DLJ") and Merrill Lynch,
Pierce, Fenner & Smith Incorporated (together with DLJ, the "Underwriters")
pursuant to an underwriting agreement (the "Underwriting Agreement") to be
entered into by and between the Registrant and DLJ on behalf of the
Underwriters.
In connection with the expected sale of the Underwritten Certificates,
DLJ 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 DLJ. 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 February 22,
1999, 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: February 23, 1999
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
February 22, 1999, prepared by Donaldson, Lufkin & Jenrette
Securities Corporation.
-5-
<PAGE>
- --------------------------------------------------------------------------------
Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette Securities Corporation
277 Park Avenue, New York, New York 10172
- --------------------------------------------------------------------------------
Real Estate Finance Group
================================================================================
COMMERCIAL MORTGAGE TRADING
================================================================================
$1,252,685,456
(Approximate Mortgage Pool Balance)
"Column-GECA Conduit II"
DLJ COMMERCIAL MORTGAGE CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1999-CG1
Class S, Class A-1A, Class A-1B, Class A-2, Class A-3, Class B-1, Class B-2
Mortgage Loan Sellers
GE Capital Access, Inc. Column Financial, Inc.
** PRELIMINARY SUMMARY MEMORANDUM **
Dated February 22, 1999
================================================================================
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
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 1999-CG1
"Column-GECA Conduit II"
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Administrative Fee
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
[THE FOLLOWING TABLE WAS REPRESENTED BY A BAR CHART IN THE PRINTED MATERIAL.]
Class A-1A Aaa/AAA Public
Class A-1B Aaa/AAA Public
Class A-2 Aa2/AA Public
Class A-3 A2/A Public
Class B-1 Baa2/BBB Public
Class B-2 Baa3/BBB- Public
Class B-3 -- Private
Class B-4 -- Private
Class B-5 -- Private
Class B-6 -- Private
Class B-7 -- Private
Class C -- Private
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Expected (%) (%) Avg Price Approx.
Class Ratings(1) ($) Balance Balance Sub Life(2) Maturity(2) Talk Index Price Status ERISA(4)
----- ---------- ----------- ------- --- ------- ----------- ---- ----- ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
S Aaa/AAA -- NA NA -- -- -- -- -- Public Yes
A-1A Aaa/AAA -- -- -- -- -- -- -- -- Public Yes
A-1B Aaa/AAA -- -- -- -- -- -- -- -- Public Yes
A-2 Aa2/AA -- -- -- -- -- -- -- -- Public No
A-3 A2/A -- -- -- -- -- -- -- -- Public No
B-1 Baa2/BBB -- -- -- -- -- -- -- -- Public No
B-2 Baa3/BBB- -- -- -- -- -- -- -- -- Public No
B-3 -- -- -- -- -- -- ****** ** (3) ** ****** Private-144A No
B-4 -- -- -- -- -- -- ****** ** (3) ** ****** Private-144A No
B-5 -- -- -- -- -- -- ****** ** (3) ** ****** Private-144A No
B-6 -- -- -- -- -- -- ****** ** (3) ** ****** Private-144A No
B-7 -- -- -- -- -- -- ****** ** (3) ** ****** Private-144A No
C -- -- -- -- -- -- ****** ** (3) ** ****** Private-144A No
</TABLE>
(1) Moody's Investor Service, Inc. / Fitch IBCA, Inc.
(2) Reflects average life and maturity. Assumes 0% CPR (except ARD Loans pay in
full on the ARD), no defaults and no extensions.
(3) Sold.
(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
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 1999-CG1
"Column-GECA Conduit II"
- --------------------------------------------------------------------------------
Collateral The Trust Fund will consist of a pool of 279 fixed-rate,
Overview: monthly-pay mortgage loans with an aggregate balance of
approximately $1,252,685,456 as of March 1, 1999 (Cut-off Date),
which are each secured by a first lien on a fee and/or leasehold
interest in a multifamily or commercial property. The properties
are located throughout 36 states and the District of Columbia
with the largest concentrations (by balance) in TX 19.7% (53
loans), CA 13.5% (43 loans) and FL 9.9% (19 loans).
o Property Type Diversification: Multifamily (36.3%), Retail
(24.8%), Hotel (9.3%), Office (8.8%)
o Appraisals: 100% of the appraisals state that they follow
the guidelines set forth in Title XI of FIRREA.
o Call Protection: 91.6% of the mortgage loans provide for an
initial lockout period followed by a defeasance period and
0.1% of the mortgage loans provide for a lockout period
only. The remaining 8.3% of the mortgage loans provide for
an initial lockout period followed by a yield maintenance
period.
- --------------------------------------------------------------------------------
Mortgage Loan The mortgage loans were originated or acquired primarily between
Origination: January 1998 and February 1999 by affiliates of GE Capital
Access, Inc. (GECA) and Column Financial, Inc. (Column).
Approximately 70% (by balance) of the mortgage loans are being
contributed by GECA and 30% (by balance) are being contributed by
Column to the Trust Fund.
GECA is a wholly owned subsidiary of General Electric Capital
Corporation (GECC). Since its formation in 1996, GECA and its
affiliates, have originated or acquired approximately $5 billion
of commercial mortgage loans in connection with its capital
markets programs. Through its GE Capital Real Estate division,
GECC has been lending and investing in the commercial real estate
industry for over 25 years and has a portfolio of approximately
$15 billion of assets. GE Capital Real Estate originates and
acquires commercial mortgage loans through approximately 20
offices located throughout North America.
Column, an indirect wholly owned subsidiary of Donaldson, Lufkin
& Jenrette, Inc., was created in August 1993. Column has
originated $6.2 billion commercial mortgage loans since its
inception. Column sources, underwrites and closes mortgage loans
through 15 regional offices located throughout the country.
<TABLE>
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Servicer: TBA Lead Donaldson, Lufkin & Jenrette Securities
Manager: Corporation, Sole Manager
- --------------------------------------------------------------------------------------------------------------
Special TBA Settlement: TBA
Servicer:
- --------------------------------------------------------------------------------------------------------------
Rating Moody's Investor Service, Inc. Trustee: TBA
Agencies: Fitch IBCA, Inc.
- --------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
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
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 1999-CG1
"Column-GECA Conduit II"
<TABLE>
- --------------------------------------------------------------------------------------------------------------
<S> <C>
Extensions:
The Special Servicer will not be permitted to grant any extension of the maturity of a
mortgage loan beyond 60 months of such mortgage loan's stated maturity date.
- --------------------------------------------------------------------------------------------------------------
Controlling The Controlling Class of Certificateholders may advise and appoint a Special Servicer and
Class: replace the existing Special Servicer.
Controlling Class - will be the most subordinate class of certificates which has a
current aggregate certificate principal amount no less 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 lockout period ("Lockout"), a
Protection and defeasance period and ("Defeasance") and/or a yield maintenance premium ("YMP") period or a
Distribution of combination thereof.
Premiums
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, B-7 and/or C Certificates (collectively, "Principal Balance
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 allocation of principal among such Class(es) if more than one, 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 Principal Balance
Certificates entitled to receive distributions of principal on such Distribution Date.
============================================================
CYMA (Pass-Through Rate - Discount Rate)
= ------------------------------------
Allocation % (Mortgage Rate - Discount Rate)
to Non-IO Certificates
============================================================
The yield maintenance amount payable to the interest only certificates, Class S, will equal
the total yield maintenance premium less the CYMA as defined above.
- --------------------------------------------------------------------------------------------------------------
Analytics: Cashflows are expected to be available through: Bloomberg, the Trepp Group, Intex Solutions
and Charter Research.
- --------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
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
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 1999-CG1
"Column-GECA Conduit II"
<TABLE>
- --------------------------------------------------------------------------------------------------------------
<S> <C>
Priority of On each distribution date, interest will be distributed to each of the classes in the
Interest: 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 B-7
11. Class C
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------------------------
<S> <C>
Priority of On each distribution date, principal will be distributed and losses will be allocated to each
Principal: 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-7
3. Class A-2 3. Class B-6
4. Class A-3 4. Class B-5
5. Class B-1 5. Class B-4
6. Class B-2 6. Class B-3
7. Class B-3 7. Class B-2
8. Class B-4 8. Class B-1
9. Class B-5 9. Class A-3
10. Class B-6 10. Class A-2
11. Class B-7 11. Class A-1A and A-1B, pro rata
12. 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.
- --------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
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
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 1999-CG1
"Column-GECA Conduit II"
<TABLE>
- --------------------------------------------------------------------------------------------------------------
<S> <C>
Largest Loans/ Winston Loan - 14 properties located in 9 states
Borrowers: Hotel
o LTV: 43.6%
o DSCR: 2.54x
o Cut-off Date Balance: $70,750,763 (5.6%)
The Winston Portfolio is secured by mortgages on the fee interests on 14 branded limited
service hotels. All properties are cross-collateralized and cross-defaulted with diversified
flag affiliations. The hotels were built from 1968 to 1996, some of which have had substantial
upgrades and renovations.
The borrower is a single-purpose entity affiliated with Winston Hotels, Inc., a public REIT
(WXH: NYSE) based in Raleigh, North Carolina. The REIT is in the business of developing,
acquiring and rehabilitating premium limited service, full service, and high-end extended-stay
hotel properties.
The properties are operated by an affiliate of Meristar Hotel & Resorts, Inc. which currently
operates 212 hotels in North America. Meristar manages the portfolio under a 15 year operating
lease of which approximately 14 years are remaining.
Property Name City State Rooms Year Built/Renovated Allocated Loan Amount
------------- ----- ----- ----- -------------------- ---------------------
Hampton Inn Elmsford NY 156 1968/1996 $7,598,233
Courtyard by Marriott Ann Arbor MI 160 1989/1998 $6,277,885
Quality Suites Charleston SC 168 1989/1997 $6,277,885
Residence Inn Phoenix AZ 168 1988/1997 $6,277,885
Homewood Suites Cary NC 140 1994 $6,003,850
Hampton Inn & Suites Duluth GA 135 1996 $5,381,044
Hampton Inn Raleigh NC 141 1986/1996 $5,281,395
Comfort Suites Orlando FL 215 1990/1997 $5,156,834
Hampton Inn Atlanta GA 131 1996 $4,982,448
Hampton Inn Charlotte NC 125 1991/1997 $4,558,940
Courtyard by Marriott Wilmington NC 128 1996 $4,259,993
Hampton Inn West Springfield MA 126 1989/1998 $3,687,012
Homewood Suites Houston TX 92 1995 $3,437,889
Comfort Inn Charleston SC 128 1989/1997 $1,569,471
----- -----------
2,013 $70,750,763
- --------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
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
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 1999-CG1
"Column-GECA Conduit II"
<TABLE>
- --------------------------------------------------------------------------------------------------------------
<S> <C>
Swerdlow Loans - 3 properties located in Florida
2 Anchored Retail/ 1 Office
o LTV: 78.9%
o DSCR: 1.25x
o Cut-off Date Balance: $63,806,653 (5.1%)
The Swerdlow Loans are secured by fee simple interests in Cypress Creek Station, Kendale Lakes
Plaza and Oakwood Business Center. All properties are cross-collateralized and
cross-defaulted.
Kendale Lakes Plaza is a regional shopping center located in an in-fill location. The subject
is 98.7% leased. Primary access to the subject is provided by the Florida Turnpike. Anchor
tenants include K-Mart (114,000 sf), Syms (40,000 sf ), Marshall's (27,808 sf) and Office Max
(23,500 sf).
Cypress Creek Station contains two main buildings surrounded primarily by commercial and
hospitality properties. The subject is 98.7% leased with major tenants signing long-term
leases and the first roll-over for a major tenant occurring in 2007. Major tenants include
Regal Cinema (101,415 sf), Office Depot (36,929 sf) and Just for Feet (15,675 sf).
Oakwood Business Center is a suburban business office building with convenient access to
Interstate 95, Ft. Lauderdale CBD and the Ft. Lauderdale International Airport. The subject is
96% leased. Major tenants include Trader Publishing (16,816 sf) and KOS Pharmaceuticals
(23,499 sf).
The borrower is a single-purpose entity affiliated with Swerdlow Real Estate Group, Inc., a
recently formed private REIT specializing in development, leasing and management of commercial
properties in South Florida. The REIT was capitalized with a $173mm equity offering with major
institutional investors.
Square Year Built/
Property Name City State Footage Renovated Allocated Loan
------------- ---- ----- ------- --------- --------------
Kendale Lakes Plaza West Kendall FL 404,553 1977/1995 $29,580,387
Cypress Creek Station Ft. Lauderdale FL 229,009 1997 $23,829,728
Oakwood Business Center Hollywood FL 140,535 1987 $10,396,538
------- -----------
774,097 $63,806,653
- --------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
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
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 1999-CG1
"Column-GECA Conduit II"
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------
<S> <C>
Alliance Loans - 4 properties located in Texas and 1 in Florida
Multifamily
o LTV: 78.4%
o DSCR: 1.30x
o Cut-off Date Balance: $48,831,350 (3.9%)
The Alliance Loans are secured by mortgages on the fee simple interests in five multifamily
rental properties. All properties are cross-collateralized and cross-defaulted.
The subject properties' amenities include tennis courts, pools, parking, laundry facilities,
on-site management office and fitness centers. In general, the properties are 94.1% occupied.
Principals of the borrower, Alliance Holdings, include Andrew Schor and Steven Ivankovich. The
borrowers are affiliated with Alliance, a privately owned real estate investment, development,
and finance firm concentrated in the multifamily housing business. Alliance and its affiliates
own interests in and manages more than 24,000 units throughout Texas, in the Midwest and along
the Eastern Seaboard from Virginia to Florida.
Property Name City State Units Year Built/Renovated Allocated Loan Amount
------------- ---- ----- ----- -------------------- ---------------------
Westchase Ranch Apartments Houston TX 776 1977/1994 $22,529,265
Westwood Village Apartments Irving TX 320 1983/1996 $10,387,667
Normandy Woods Apartments Houston TX 268 1981/1997 $ 7,111,557
Savoy Manor Apartments Houston TX 192 1980/1997 $ 5,193,833
San Marin Apartments Tampa FL 193 1972/1997 $ 3,609,027
----- -----------
1,749 $48,831,349
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
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>
DLJCMC Series 1999-CG1 Collateral Pool Summary
<TABLE>
<CAPTION>
Mortgage Loan Characteristics Mortgaged Properties Characteristics
- ----------------------------- ------------------------------------
<S> <C> <C> <C>
Number of Loans: 279 Wtd. Avg. U/W DSCR: 1.39 x
Original Balance: $1,256,207,294 Wtd. Avg. Cut-off Date LTV: 73.2%
Cut-off Date Balance (1): $1,252,685,456 Wtd. Avg. Maturity/ARD LTV (3): 62.6%
Average Cut-off Date Balance: $4,489,912
Wtd. Avg. Year Built/Renovated (4): 1988
Number of States (5): 37
Wtd. Avg. Mortgage Rate: 7.317%
Wtd. Avg. Original Amort Term (Months) (2): 345
Wtd. Avg. Original Term to Maturity (Months): 125
Wtd. Avg. Seasoning (Months): 3
</TABLE>
Top 5 States/Property Types:
<TABLE>
<CAPTION>
Percentage of Percentage of
Number Cut-off Date Initial Pool Number Cut-off Date Initial Pool
# State of Loans Balance (1) Balance # Property Type of Loans Balance (1) Balance
- ------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 Texas 53 $247,283,354 19.7% 1 Multifamily 107 $ 455,089,577 36.3%
2 California 43 169,156,706 13.5% 2 Retail 59 310,401,887 24.8%
3 Florida 19 123,548,452 9.9% 3 Hotel 26 116,339,043 9.3%
4 Michigan 17 59,538,902 4.8% 4 Office 24 110,681,155 8.8%
5 Tennessee 2 45,946,295 3.7% 5 Mixed Use 18 103,267,224 8.2%
---------------------------------- -----------------------------------
Total/Weighted Average: 134 $645,473,709 51.5% 234 $1,095,778,886 87.5%
================================== ===================================
</TABLE>
Top 5 Mortgage Loans:
<TABLE>
<CAPTION>
Percentage of
Property Cut-off Date Initial Pool Appraised
# Property Name Type State Balance (1) Balance Value
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1 Winston Loan (7) Hotel Various $ 70,750,763 5.6% $ 162,120,000
2 Swerdlow Loans (8) Retail/Office FL 63,806,653 5.1% 80,900,000
3 Alliance Loans (9) Multifamily Various 48,831,350 3.9% 62,250,000
4 Country Squire Apartments - South Multifamily TN 30,446,295 2.4% 39,000,000
5 American Real Estate Loans (10) Industrial/Office Various 29,312,901 2.3% 36,750,000
---------------------------------------------
Total/Weighted Average: $243,147,962 19.4% $ 381,020,000
=============================================
Cut-off Date Year Built/
# Property Name LTV Ratio U/W NCF (6) U/W DSCR Renovated (4)
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 Winston Loan 43.6% $15,792,040 2.54 x 1996
2 Swerdlow Loans 78.9% 7,170,684 1.25 1994
3 Alliance Loans 78.4% 5,184,610 1.30 1995
4 Country Squire Apartments - South 78.1% 3,008,930 1.28 1987
5 American Real Estate Loans 79.8% 3,468,939 1.40 1991
-------------------------------------------------------------------
Total/Weighted Average: 68.5% $34,625,203 1.66 x 1994
===================================================================
</TABLE>
(1) Assumes a Cut-off Date of March 1, 1999.
(2) Excludes Mortgage Loans that require payment of interest only until
maturity.
(3) At maturity with respect to Balloon Loans, Fully Amortizing Loans or at the
ARD in the case of ARD Loans. There can be no assurance that the value of
any particular Mortgaged Property will not have declined from the original
appraised value. Weighted Average, Maximum and Minimum presented are
calculated without regard to any Fully Amortizing Loans.
(4) Year Built/Renovated denotes the later of the Year Built or the Year
Renovated.
(5) Includes the District of Columbia.
(6) U/W NCF reflects Net Cash Flow after U/W Replacement Reserves, U/W LC's and
TI's and FF&E.
(7) The Mortgage Loans secured by Hampton Inn - Elmsford, Quality Suites -
Charleston, Courtyard by Marriott - Ann Arbor, Residence Inn - Phoenix,
Homewood Suites - Cary, Hampton Inn & Suites - Gwinnett, Hampton Inn -
Raleigh, Comfort Suites - Orlando, Hampton Inn - Perimeter, Hampton Inn -
Charlotte, NC, Courtyard by Marriott - Wilmington, Hampton Inn - West
Springfield, Homewood Suites - Clear Lake and Comfort Inn - Charleston,
respectively, are cross-collateralized and cross-defaulted.
(8) The Mortgage Loans secured by Kendale Lakes Plaza, Cypress Creek Station
and Oakwood Business Center, respectively, are cross-collateralized and
cross-defaulted.
(9) The Mortgage Loans secured by Westchase Ranch Apartments, Westwood Village
Apartments, Normandy Woods Apartments, Savoy Manor Apartments and San Marin
Apartments, respectively, are cross-collateralized and cross-defaulted.
(10) The Mortgage Loans secured by 2294 Molly Pitcher Highway, 5015 Campuswood
Drive, 5010 Campuswood Drive and 5009 Campuswood Drive, respectively, are
cross-collateralized and cross-defaulted.
<PAGE>
Managers and Location of the Mortgaged Properties
<TABLE>
<CAPTION>
# Property Name Manager
- ------------- -------
<S> <C>
1 Hampton Inn - Elmsford (1A) Meristar Hotel & Resorts, Inc.
2 Quality Suites - Charleston (1A) Meristar Hotel & Resorts, Inc.
3 Courtyard by Marriott - Ann Arbor (1A) Meristar Hotel & Resorts, Inc.
4 Residence Inn - Phoenix (1A) Meristar Hotel & Resorts, Inc.
5 Homewood Suites - Cary (1A) Meristar Hotel & Resorts, Inc.
6 Hampton Inn & Suites - Gwinnett (1A) Meristar Hotel & Resorts, Inc.
7 Hampton Inn - Raleigh (1A) Meristar Hotel & Resorts, Inc.
8 Comfort Suites - Orlando (1A) Meristar Hotel & Resorts, Inc.
9 Hampton Inn - Perimeter (1A) Meristar Hotel & Resorts, Inc.
10 Hampton Inn - Charlotte, NC (1A) Meristar Hotel & Resorts, Inc.
11 Courtyard by Marriott - Wilmington (1A) Meristar Hotel & Resorts, Inc.
12 Hampton Inn - West Springfield (1A) Meristar Hotel & Resorts, Inc.
13 Homewood Suites - Clear Lake (1A) Meristar Hotel & Resorts, Inc.
14 Comfort Inn - Charleston (1A) Meristar Hotel & Resorts, Inc.
15 Kendale Lakes Plaza (1B) SREG Operating Limited Partnership
16 Cypress Creek Station (1B) SREG Operating Limited Partnership
17 Oakwood Business Center (1B) SREG Operating Limited Partnership
18 Westchase Ranch Apartments (1C) Alliance Residential Management, LLC
19 Westwood Village Apartments (1C) Alliance Residential Management, LLC
20 Normandy Woods Apartments (1C) Alliance Residential Management, LLC
21 Savoy Manor Apartments (1C) Alliance Residential Management, LLC
22 San Marin Apartments (1C) Alliance Residential Management, LLC
23 Country Squire Apartments - South Fogelman Management Group
24 2294 Molly Pitcher Highway (1D) American Real Estate Management, Inc.
25 5015 Campuswood Drive (1D) American Real Estate Management, Inc.
26 5010 Campuswood Drive (1D) American Real Estate Management, Inc.
27 5009 Campuswood Drive (1D) American Real Estate Management, Inc.
28 Fair Lakes Promenade H/P Management, L.P.
29 Keller Oaks Apartments (1E) Jupiter Realty Corporation
30 Sycamore Hill Apartments (1E) Jupiter Realty Corporation
31 Clarendon Apartments (1E) Jupiter Realty Corporation
32 Woodchase Condominiums (1E) Jupiter Realty Corporation
33 Dallas Design Center Roll-Up (2) Crow Design Centers, Ltd.
34 Assembly Square Office Building R. D. Management Corp.
35 Spicetree Apartments Hall Apartment Management
36 Lamplighter Mobile Home Park Owner Managed
37 White Station Tower Trammell Crow Company
38 Holiday Inn New Orleans Veterans Bray & Gillespie, Inc.
39 The Links at Bixby Lindsey Management Company
40 Southwood Apartments Intervest Resources, Inc.
41 The Shoppes at Longwood R.J. Waters & Associates, Inc.
42 Pines of Westbury The Pines Management Group
43 Edentree Apartments Hall Apartment Management
44 Becker Village Mall Brookhill Management Corp.
45 Tiffany Square TMP Management, Inc.
46 The Mint Apartments Barry S. Nussbaum Company
47 River Park Shopping Center Select Properties
48 Rancho Destino Apartments Juliet Property Company
49 Conestoga Mobile Home Park Thomas J. Horner Real Estate
50 Huntington Chase Apartments Landsouth
51 Parkshore Centre Office Building Durlach Corporation
52 Kenwood Pavilion Jeffrey R. Anderson Real Estate, Inc.
53 Newsome Park Apartments Great Atlantic Company
54 Princeton Court Apartments (1F) Princeton Properties
55 Pinewood Estates Apartments (1F) Princeton Properties
56 Arbor Court Apartments (1F) Princeton Properties
57 U-Store of Brighton Self Storage Facility (1G) North LLC
58 U-Store of South Lyon Self Storage Facility (1G) North LLC
59 U-Store of Saline Self Storage Facility (1G) North LLC
60 U-Store of Davison Self Storage Facility (1G) North LLC
61 U-Store of Holly Self Storage Facility (1G) North LLC
62 U-Store of Jackson Self Storage Facility (1G) North LLC
63 Birches Apartments Sigma Management
<CAPTION>
# Property Name Address
- ------------- -------
<S> <C>
1 Hampton Inn - Elmsford (1A) 200 Tarrytown Road
2 Quality Suites - Charleston (1A) 5224 N. Arco Ln
3 Courtyard by Marriott - Ann Arbor (1A) 3205 Boardwalk
4 Residence Inn - Phoenix (1A) 8242 N. Black Canyon
5 Homewood Suites - Cary (1A) 100 MacAlyson Ct.
6 Hampton Inn & Suites - Gwinnett (1A) 1725 Pineland Rd.
7 Hampton Inn - Raleigh (1A) 6209 Glenwood Drive
8 Comfort Suites - Orlando (1A) 9350 Turkey Ln
9 Hampton Inn - Perimeter (1A) 769 Hammond Drive
10 Hampton Inn - Charlotte, NC (1A) 8419 N. Tyron St
11 Courtyard by Marriott - Wilmington (1A) 151 Van Kampen Blvd.
12 Hampton Inn - West Springfield (1A) 1011 Riverdale St.
13 Homewood Suites - Clear Lake (1A) 401 Bay Area Blvd.
14 Comfort Inn - Charleston (1A) 144 Bee Street
15 Kendale Lakes Plaza (1B) 14091 North Kendall Drive (Southwest 88th Street)
16 Cypress Creek Station (1B) N/W/C Cypress Creek Road & North Andrews Avenue
17 Oakwood Business Center (1B) Various
18 Westchase Ranch Apartments (1C) 2101 Hayes
19 Westwood Village Apartments (1C) 4310 W. Northgate Drive
20 Normandy Woods Apartments (1C) 695 Normandy Drive
21 Savoy Manor Apartments (1C) 5915 Flintock Drive
22 San Marin Apartments (1C) 3501 W. Waters Avenue
23 Country Squire Apartments - South 8056 Country Squire Lane
24 2294 Molly Pitcher Highway (1D) 2294 Molly Pitcher Highway
25 5015 Campuswood Drive (1D) 5015 Campuswood Drive
26 5010 Campuswood Drive (1D) 5010 Campuswood Drive
27 5009 Campuswood Drive (1D) 5009 Campuswood Drive
28 Fair Lakes Promenade 12169-12249 Fair Lakes Parkway
29 Keller Oaks Apartments (1E) 2121 Marsh Lane
30 Sycamore Hill Apartments (1E) 7500 South Hulen St.
31 Clarendon Apartments (1E) 3800 N. Beltline Rd.
32 Woodchase Condominiums (1E) 4060 N. Beltline Rd.
33 Dallas Design Center Roll-Up (2) Various
34 Assembly Square Office Building 5 Middlesex Avenue
35 Spicetree Apartments 4854 Washtenaw Avenue
36 Lamplighter Mobile Home Park 4201 North First Street
37 White Station Tower 5050 Poplar Avenue
38 Holiday Inn New Orleans Veterans 6401 Veterans Boulevard
39 The Links at Bixby 11500 Links Court/11500 Block of South Memorial
40 Southwood Apartments 5601 Paramount Blvd.
41 The Shoppes at Longwood 823-883 E. Baltimore Pike
42 Pines of Westbury 12500 - 12600 Dunlap
43 Edentree Apartments 1721 E. Frankford Rd.
44 Becker Village Mall Becker Drive & East 10th Street
45 Tiffany Square 6805 Corporate Drive
46 The Mint Apartments 6700 Dairy Ashford Road
47 River Park Shopping Center 4240 East Judge Perez Rd.
48 Rancho Destino Apartments 4355 S. Durango Drive
49 Conestoga Mobile Home Park 1199 East Santa Fe
50 Huntington Chase Apartments 1010 S. Houston Lake Boulevard
51 Parkshore Centre Office Building 1 Poston Road
52 Kenwood Pavilion 8115-8133 Montgomery Rd.
53 Newsome Park Apartments 4801 Marshall Avenue
54 Princeton Court Apartments (1F) 31 Andrew Street
55 Pinewood Estates Apartments (1F) 135 English Village Rd.
56 Arbor Court Apartments (1F) 37 Hosmer Street
57 U-Store of Brighton Self Storage Facility (1G) 5850 Whitmore Lake Dr.
58 U-Store of South Lyon Self Storage Facility (1G) 271 Lottie St.
59 U-Store of Saline Self Storage Facility (1G) 1145 Industrial Park Dr.
60 U-Store of Davison Self Storage Facility (1G) 10026 Lapeer Rd.
61 U-Store of Holly Self Storage Facility (1G) 4228 Grange Hall Rd.
62 U-Store of Jackson Self Storage Facility (1G) 155 N. Dettman
63 Birches Apartments 195 Fries Mill Rd.
<CAPTION>
Zip
# Property Name City County State Code
- ------------- ---- ------ ----- ----
<S> <C> <C> <C> <C>
1 Hampton Inn - Elmsford (1A) Elmsford Westchester NY 10523
2 Quality Suites - Charleston (1A) Charleston Charleston SC 29418
3 Courtyard by Marriott - Ann Arbor (1A) Ann Arbor Washtenaw MI 48108
4 Residence Inn - Phoenix (1A) Phoenix Maricopa AZ 85051
5 Homewood Suites - Cary (1A) Cary Wake NC 27511
6 Hampton Inn & Suites - Gwinnett (1A) Duluth Gwinnett GA 30136
7 Hampton Inn - Raleigh (1A) Raleigh Wake NC 27612
8 Comfort Suites - Orlando (1A) Orlando Orange FL 32819
9 Hampton Inn - Perimeter (1A) Atlanta Fulton GA 30136
10 Hampton Inn - Charlotte, NC (1A) Charlotte Mecklenburg NC 28262
11 Courtyard by Marriott - Wilmington (1A) Wilmington New Hanover NC 28403
12 Hampton Inn - West Springfield (1A) West Springfield Hampden MA 01089
13 Homewood Suites - Clear Lake (1A) Houston Harris TX 77058
14 Comfort Inn - Charleston (1A) Charleston Charleston SC 29401
15 Kendale Lakes Plaza (1B) West Kendall Miami-Dade FL 33426
16 Cypress Creek Station (1B) Fort Lauderdale Broward FL 33309
17 Oakwood Business Center (1B) Hollywood Broward FL 33020
18 Westchase Ranch Apartments (1C) Houston Harris TX 77077
19 Westwood Village Apartments (1C) Irving Dallas TX 75062
20 Normandy Woods Apartments (1C) Houston Harris TX 77015
21 Savoy Manor Apartments (1C) Houston Harris TX 77040
22 San Marin Apartments (1C) Tampa Hillsborough FL 33614
23 Country Squire Apartments - South Cordova Shelby TN 38018
24 2294 Molly Pitcher Highway (1D) Chambersburg Franklin PA 17201
25 5015 Campuswood Drive (1D) East Syracuse Onondaga NY 13057
26 5010 Campuswood Drive (1D) East Syracuse Onondaga NY 13057
27 5009 Campuswood Drive (1D) East Syracuse Onondaga NY 13057
28 Fair Lakes Promenade Fair Oaks Fairfax VA 22033
29 Keller Oaks Apartments (1E) Carrollton Dallas TX 75006
30 Sycamore Hill Apartments (1E) Fort Worth Tarrant TX 76054
31 Clarendon Apartments (1E) Irving Dallas TX 75038
32 Woodchase Condominiums (1E) Irving Dallas TX 75038
33 Dallas Design Center Roll-Up (2) Dallas Dallas TX 75207
34 Assembly Square Office Building Somerville Middlesex MA 02145
35 Spicetree Apartments Ann Arbor Washtenaw MI 48108
36 Lamplighter Mobile Home Park San Jose Santa Clara CA 95134
37 White Station Tower Memphis Shelby TN 38157
38 Holiday Inn New Orleans Veterans Metairie Jefferson LA 70003
39 The Links at Bixby Bixby Tulsa OK 74008
40 Southwood Apartments Long Beach Los Angeles CA 90805
41 The Shoppes at Longwood Kennett Square Chester PA 19348
42 Pines of Westbury Houston Harris TX 77035
43 Edentree Apartments Carrollton Denton TX 75007
44 Becker Village Mall Roanoke Rapids Halifax NC 27870
45 Tiffany Square Colorado Springs El Paso CO 80919
46 The Mint Apartments Houston Harris TX 77072
47 River Park Shopping Center Mereaux St. Bernard Parish LA 70075
48 Rancho Destino Apartments Las Vegas Clark NV 89117
49 Conestoga Mobile Home Park Gardner Johnson KS 66030
50 Huntington Chase Apartments Warner Robins Houston GA 31088
51 Parkshore Centre Office Building Charleston Charleston SC 29407
52 Kenwood Pavilion Cincinnati Hamilton OH 45242
53 Newsome Park Apartments Newport News None VA 23607
54 Princeton Court Apartments (1F) Manchester Hillsborough NH 03104
55 Pinewood Estates Apartments (1F) Manchester Hillsborough NH 03102
56 Arbor Court Apartments (1F) Marlborough Middlesex MA 01752
57 U-Store of Brighton Self Storage Facility (1G) Brighton Livingston MI 48116
58 U-Store of South Lyon Self Storage Facility (1G) South Lyon Oakland MI 48178
59 U-Store of Saline Self Storage Facility (1G) Saline Washtenaw MI 48176
60 U-Store of Davison Self Storage Facility (1G) Davison Genesee MI 48423
61 U-Store of Holly Self Storage Facility (1G) Holly Oakland MI 48442
62 U-Store of Jackson Self Storage Facility (1G) Jackson Jackson MI 49202
63 Birches Apartments Washington Township Gloucester NJ 08012
</TABLE>
<PAGE>
Managers and Location of the Mortgaged Properties
<TABLE>
<CAPTION>
# Property Name Manager
- ------------- -------
<S> <C>
64 Hollywood Plaza Westport Realty, Inc.
65 50-60 Worcester Rd. A & C Associates, Inc.
66 Mahwah Business Park Owner Managed
67 Silvernail Shopping Center Marlin Properties, Inc.
68 Tech Center 29 Office/Warehouse Complex Cambridge Asset Advisors Limited Partnership
69 Centre North Shopping Center Centre Properties Management
70 Cranbrook Centre Apartments (1H) Amurcon Corporation
71 Cranbrook Centre Office Buildings (1H) Amurcon Corporation
72 Lubbock Shopping Parkade Richmond Realty LLC
73 Marin Club Apartments PMG Real Estate Management and Consulting
74 Prunedale Center Greg Burch
75 Lamplighter Ontario MHP Morgan Properties, Inc.
76 Marycrest Shopping Center (3) Infinity Property Management, Corp.
77 Elm Plaza Shopping Center Owner Managed
78 Century Plaza East Triple Net Properties, LLC
79 Keller Springs Tech Center Today Management, Inc.
80 Mobile Gardens/Holly View Mobile Home Park (1I) K.D.M. Development Corporation
81 Stony Chase/Rock Creek Mobile Home Park (1I) K.D.M. Development Corporation
82 Briarwood Manor (1I) K.D.M. Development Corporation
83 Tierra Verde Marine Center TPA Resorts, Inc.
84 Aurora Square ACF Property Management, Inc.
85 Merchant's Square (4) Infinity Property Management, Corp.
86 Northwood Hills Shopping Center Sabre Realty Management, Inc.
87 36th Street Office Center Eenhoorn, LLC
88 Fifth Avenue Apartments Anterra Management Corporation
89 The Watermill Apartments BMS Management, Inc.
90 Brooks Corner Owner Managed
91 Hollywood Ardmore Apartments David N. Schultz, Inc.
92 Chasewood Apartments Hall Apartment Management
93 Kingsgate North Graco Real Estate Development, Inc.
94 Fairfield Suites Pittsburgh/Airport Concord Hospitality Enterprises, Inc.
95 Seatree Apartments Hall Apartment Management
96 All Aboard Mini Storage - Alhambra Management Enterprises, Inc.
97 West Century Center PlazaCorp Realty Advisors, Inc.
98 Universal Plaza Rubin Pikus Associates, LP
99 Crestview Market Place Gulf Land, LLC
100 New Franklin Apartments Dube & Cabral Investments
101 Windjammer Apartments JMG Realty, Inc.
102 Woodlake Village Apartments SJS Enterprises
103 Comfort Inn - Hopewell, VA Sky Management, Inc.
104 Linens N Things Clinton International Group
105 The Woods Apartments JRD Management Corporation
106 Moonlight Garden Apartments Cove Properties
107 Sagamore Court Apartments Forest Properties Management, Inc.
108 Carriage Hill Apartments Capital Investment Group, Inc.
109 Dowling Office Building R. D. Management Corp.
110 Main Street Plaza Shopping Center KMI Real Estate Group, Inc.
111 Friendship Crossing Apartments CIH Uplands, L.P.
112 Spruce Properties (1J) Oak Grove Realty Services, Inc.
113 Oak Grove Apartments (1J) Oak Grove Realty Services, Inc.
114 Aldrich Apartments (1J) Oak Grove Realty Services, Inc.
115 One Bellemead Center U.L. Coleman Companies
116 Denver Tech Center #30 ACF Property Management, Inc.
117 Preston Racquet Club Condominiums and Apartments Leaders Property Management
118 Sand Lake Apartments A & M Properties, Inc.
119 Mobile Estate Mobile Home Park Horizon Management Co.
120 Colonia Shopping Center Rosen Associates Management Corp.
121 Vista Ridge Center III Strode Property Company
122 Parkside East Apartments Realty Management Services Inc.
123 Northpark Village GRACO Real Estate Development, Inc.
124 Breakers Apartments First Lake Properties, Inc.
125 Picnic Lawn Apartments Brandon M. Burress
126 32nd Street and McDowell Road Shopping Center Eagle Property Management, Inc.
<CAPTION>
# Property Name Address
- ------------- -------
<S> <C>
64 Hollywood Plaza 4627-4641 Santa Monica Blvd. & 1100-1134 N. Vermont Ave.
65 50-60 Worcester Rd. 50-60 Worcester Rd.
66 Mahwah Business Park Ramapo Valley Road
67 Silvernail Shopping Center 1900 Silvernail Rd.
68 Tech Center 29 Office/Warehouse Complex 12120 and 12140 Industrial Parkway
69 Centre North Shopping Center 8600 East 96th Street
70 Cranbrook Centre Apartments (1H) 18333 South Drive
71 Cranbrook Centre Office Buildings (1H) 30161, 30215, 30233 Southfield Road
72 Lubbock Shopping Parkade 7020 Quaker Avenue
73 Marin Club Apartments 2261 West Valley Blvd
74 Prunedale Center 7915-8093 San Miguel Canyon Rd. & 17760-17880 Moro Rd.
75 Lamplighter Ontario MHP 2139 East Fourth Street
76 Marycrest Shopping Center (3) 2126 West Jefferson Street
77 Elm Plaza Shopping Center 338 Main Street
78 Century Plaza East 1790-1884 Avenue J
79 Keller Springs Tech Center 3220 Keller Springs Rd.
80 Mobile Gardens/Holly View Mobile Home Park (1I) 601 N. Dual Highway & 1020 Brickyard Rd. / 1030 Brickyard Rd.
81 Stony Chase/Rock Creek Mobile Home Park (1I) ES Bouchelle Rd.
82 Briarwood Manor (1I) Trussum Pond Rd.
83 Tierra Verde Marine Center 100 Pinellas Bayway
84 Aurora Square 15801-15925 Westminister Way North
85 Merchant's Square (4) 7195 Highway 85
86 Northwood Hills Shopping Center 8010-8152 Spring Valley Rd.
87 36th Street Office Center 5251-3 36th Street
88 Fifth Avenue Apartments 11530 Vance Jackson Rd.
89 The Watermill Apartments 6505 Westheimer Road
90 Brooks Corner 136 Main Street
91 Hollywood Ardmore Apartments 1850 Whitley Avenue
92 Chasewood Apartments 3420 South Coulter
93 Kingsgate North 4010-4230 82nd Street
94 Fairfield Suites Pittsburgh/Airport 239 Summit Park Drive
95 Seatree Apartments 2800 Nasa Rd 1
96 All Aboard Mini Storage - Alhambra 2000 West Mission Rd.
97 West Century Center 5015-5063 West Main Street
98 Universal Plaza 2533-2793 NW 79th Avenue
99 Crestview Market Place 1308-1334 North Ferndon Blvd. (Hwy 85)
100 New Franklin Apartments Various
101 Windjammer Apartments 950 F.M. 1959
102 Woodlake Village Apartments 5080 Westerville Road
103 Comfort Inn - Hopewell, VA 5380 Oaklawn Boulevard (VSH 36)
104 Linens N Things U.S. Highway 441 at Glades Rd.
105 The Woods Apartments 2375 NE 173rd Street
106 Moonlight Garden Apartments 12227 Osborne Place
107 Sagamore Court Apartments 555-567 Sagamore Avenue
108 Carriage Hill Apartments 935 - 1385 Carraige Hill Lane
109 Dowling Office Building 6-22 Pleasant Street
110 Main Street Plaza Shopping Center 701-725 East Main Street
111 Friendship Crossing Apartments 17 - 127 Galveston St.
112 Spruce Properties (1J) 116 Oak Grove Street & 1400-1408 Spruce Place
113 Oak Grove Apartments (1J) 225, 227, and 233 Oak Grove St.
114 Aldrich Apartments (1J) 1926, 1928, 1930, 1934, and 1936 Aldrich Ave.
115 One Bellemead Center 6425 Youree Drive
116 Denver Tech Center #30 8301 East Prentice Ave
117 Preston Racquet Club Condominiums and Apartments 5840 Spring Valley Rd.
118 Sand Lake Apartments 1302 Coopers Town Ct.
119 Mobile Estate Mobile Home Park 16745 SE Division Street
120 Colonia Shopping Center 1250 Lincoln Highway
121 Vista Ridge Center III 2417 South Stemmons Freeway
122 Parkside East Apartments 710 Roeder Rd.
123 Northpark Village 401 Slide Rd.
124 Breakers Apartments 1309 Lake Avenue
125 Picnic Lawn Apartments 24137 Stateline Rd.
126 32nd Street and McDowell Road Shopping Center 3205-3297 E. McDowell Rd.
<CAPTION>
Zip
# Property Name City County State Code
- ------------- ---- ------ ----- ----
<S> <C> <C> <C> <C>
64 Hollywood Plaza Los Angeles Los Angeles CA 90029
65 50-60 Worcester Rd. Framingham Middlesex MA 01701
66 Mahwah Business Park Mahwah Bergen NJ 07430
67 Silvernail Shopping Center Waukesha Milwaukee WI 53072
68 Tech Center 29 Office/Warehouse Complex Silver Spring Montgomery MD 20904
69 Centre North Shopping Center Fishers Hamilton IN 46038
70 Cranbrook Centre Apartments (1H) Southfield Oakland MI 48076
71 Cranbrook Centre Office Buildings (1H) Southfield Oakland MI 48076
72 Lubbock Shopping Parkade Lubbock Lubbock TX 79424
73 Marin Club Apartments Pomona Los Angeles CA 91768
74 Prunedale Center Prunedale Monterey CA 93901
75 Lamplighter Ontario MHP Ontario Riverside CA 91764
76 Marycrest Shopping Center (3) Joliet Will IL 60435
77 Elm Plaza Shopping Center Waterville Kennebec ME 04901
78 Century Plaza East Lancaster Los Angeles CA 93535
79 Keller Springs Tech Center Carrollton Dallas TX 75006
80 Mobile Gardens/Holly View Mobile Home Park (1I) Seaford Hundred Sussex DE 19973
81 Stony Chase/Rock Creek Mobile Home Park (1I) Elkton Cecil MD 21921
82 Briarwood Manor (1I) Little Creek Hundred Sussex DE 19956
83 Tierra Verde Marine Center Tierra Verde Pinellas FL 33715
84 Aurora Square Seattle King WA 98133
85 Merchant's Square (4) Riverdale Clayton GA 30274
86 Northwood Hills Shopping Center Dallas Dallas TX 75240
87 36th Street Office Center Grand Rapids Kent MI 60521
88 Fifth Avenue Apartments San Antonio Bexar TX 75230
89 The Watermill Apartments Houston Harris TX 77057
90 Brooks Corner Westport Fairfield CT 06880
91 Hollywood Ardmore Apartments Los Angeles Los Angeles CA 90028
92 Chasewood Apartments Amarillo Randall TX 79109
93 Kingsgate North Lubbock Lubbock TX 79423
94 Fairfield Suites Pittsburgh/Airport Pittsburgh Allegheny PA 15275
95 Seatree Apartments Seabrook Harris TX 77586
96 All Aboard Mini Storage - Alhambra Alhambra Los Angeles CA 91803
97 West Century Center Oshtemo Township Kalamazoo MI 49009
98 Universal Plaza Miami Dade FL 33122
99 Crestview Market Place Crestview Okaloosa FL 32536
100 New Franklin Apartments Franklin/Tilton Belknap/Merrimack NH Various
101 Windjammer Apartments Houston Harris TX 77034
102 Woodlake Village Apartments Columbus Franklin OH 43081
103 Comfort Inn - Hopewell, VA Hopewell Price George VA 23875
104 Linens N Things Boca Raton Palm Beach FL 33428
105 The Woods Apartments North Miami Beach Dade FL 33160
106 Moonlight Garden Apartments Pacoima Los Angeles CA 91331
107 Sagamore Court Apartments Portsmouth Rockingham NH 03801
108 Carriage Hill Apartments Hamilton Butler OH 45013
109 Dowling Office Building Malden Middlesex MA 02148
110 Main Street Plaza Shopping Center Alhambra Los Angeles CA 91801
111 Friendship Crossing Apartments Washington District of Columbia DC 20032
112 Spruce Properties (1J) Minneapolis Hennepin MN 55403
113 Oak Grove Apartments (1J) Minneapolis Hennepin MN 55403
114 Aldrich Apartments (1J) Minneapolis Hennepin MN 55403
115 One Bellemead Center Shreveport Caddo LA 71105
116 Denver Tech Center #30 Englewood (Denver) Arapahoe CO 80111
117 Preston Racquet Club Condominiums and Apartments Dallas Dallas TX 75240
118 Sand Lake Apartments Tampa Hillsborough FL 33613
119 Mobile Estate Mobile Home Park Portland Multnomah OR 97233
120 Colonia Shopping Center Colonia Middlesex NJ 07067
121 Vista Ridge Center III Lewisville Denton TX 75067
122 Parkside East Apartments Silver Spring Montgomery MD 20910
123 Northpark Village Lubbock Lubbock TX 79416
124 Breakers Apartments Metairie Jefferson LA 70005
125 Picnic Lawn Apartments Bright Dearborn IN 47025
126 32nd Street and McDowell Road Shopping Center Phoenix Maricopa AZ 85008
</TABLE>
<PAGE>
Managers and Location of the Mortgaged Properties
<TABLE>
<CAPTION>
# Property Name Manager
- ------------- -------
<S> <C>
127 Triangle Corporate Center American Landmark Properties
128 One West Hills Office Owner Managed
129 Harper Regency Apartments Tri-Center Group, Inc.
130 Heritage Green Shopping Center Tedford Properties
131 Captain's Landing Apartments BH Management
132 All Aboard Mini Storage - Fremont Management Enterprises, Inc.
133 Century Plaza Strip Shopping Center (1K) Owner Managed
134 Albany Square Strip Shopping Center (1K) Owner Managed
135 Larrabee Complex MacBride Management, Inc.
136 Cedar Garden Apartments Sigma Management
137 All Aboard Mini Storage - Stanton Management Enterprises, Inc.
138 Windtree Apartments - Phase I Floyd Properties
139 Lake City Mini-Storage Owner Managed
140 Huntington Mobile Estates Marcare Group
141 Everhart Park Shopping Center LandLord Resources
142 Rafael North Executive Park Williams Development Company
143 Westwind Estates Bessire and Casenhiser, Inc.
144 Hewlett Shopping Center Jonathan Austern
145 Forest Park Village J. Hester Properties
146 2700 Richards Building Scott C. Hannah
147 Lincoln Park Center Milestone Property Management Corp.
148 Cedar Heights Apartments Evans Realty, Inc.
149 The North Oak Apartments Con Am Management
150 Arrowhead Court Apartments Halfpenny Management Company
151 The Citibank Building Gilles Bouchacourt
152 Petco/Starbucks S/C Owner Managed
153 1870 Ogden Drive Insignia Commercial Group of California, Inc.
154 Woodland Park Office Building P & K, Inc.
155 Costa Mesa Mobile Estates Owner Managed
156 Tree Top Apartments Floyd Properties
157 Greenville Village Mobile Home Park Wolff Holdings, Inc.
158 Brookwood Village Regency Realty Group, Inc.
159 Rose Grove Mobile Home Park Dorothy E. Royce
160 Little River Shopping Center Rosen Associates Management Corp.
161 The Amberton Apartments A&M Properties, Inc.
162 Best Western Worlds of Fun Pacifica Companies
163 All Aboard Mini Storage - Anaheim Management Enterprises, Inc.
164 Waterway Crossing Apartments Intersouth Management, Inc.
165 The Borders Building Westheimer Properties
166 Ken-Caryl Business Center ACF Property Management, Inc.
167 Alta Vista Mobile Home Park Alta Vista Associates, LLC
168 Palm Springs Self Storage G.T. Kelly General Contractors, Inc.
169 Holiday Inn Express Auburn C & D Management, Inc.
170 Caruth Haven Retail Center Cencor Realty Services, Inc.
171 3456 Ridge Property American Landmark Properties
172 Campus Plaza Shopping Center Kwok Yan Yee
173 All Aboard Mini Storage - San Gabriel Management Enterprises, Inc.
174 Point O' Woods Apartments Evans Realty
175 Williamsburg on the Lake Apartments Gene B. Glick Company
176 Airport Business Center Margolis Company
177 Staples - Wilmington Jeffrey R. Anderson Real Estate, Inc.
178 Felicita Junction James Crone & Associates
179 The Bordeaux Apartments Lanlord Resources, Inc.
180 High Point Village I Apartments Knudson Management Co.
181 Assured Self Storage Facility NAP
182 Staples - Valparaiso Jeffrey R. Anderson Real Estate, Inc.
183 Fruitland Grove Family Park Community Asset Management
184 Centennial Creek Office Park CC Management LP
185 Park Lane Village Apartments (1L) Craig A. Lane and Leon J. Parr
186 Rynearson Lane Village Apartments (1L) Craig A. Lane and Leon J. Parr
187 Holiday Inn Express Ottawa C & D Management, Inc.
188 Ross Apartments Charles and Holly Clifford
189 339 S. Ardmore Apartments Abra Management, Inc.
<CAPTION>
# Property Name Address
- ------------- -------
<S> <C>
127 Triangle Corporate Center 1400-1538 Elmhurst Rd.
128 One West Hills Office 3901 South Lamar Blvd.
129 Harper Regency Apartments 1428 N. Harper Avenue
130 Heritage Green Shopping Center 8203 South Holly Street
131 Captain's Landing Apartments 3102 69th Street
132 All Aboard Mini Storage - Fremont 3560 Washington Blvd.
133 Century Plaza Strip Shopping Center (1K) 355-385 W. Northwest Highway
134 Albany Square Strip Shopping Center (1K) 4445 N. Pulaski Road
135 Larrabee Complex 100 Main Street
136 Cedar Garden Apartments 1030 Cedar Bridge Rd.
137 All Aboard Mini Storage - Stanton 10741 Dale Ave.
138 Windtree Apartments - Phase I 409 Tradewinds Dr.
139 Lake City Mini-Storage 3116-3136 N.E. 130th Street
140 Huntington Mobile Estates 7652 Garfield Avenue
141 Everhart Park Shopping Center 6601 Everhart Rd.
142 Rafael North Executive Park 165,175, 185 North Redwood Drive
143 Westwind Estates 1399 Sacramento Ave.
144 Hewlett Shopping Center 1296-1318 Broadway
145 Forest Park Village 3423 Forest Lane
146 2700 Richards Building 2700 Richards Rd.
147 Lincoln Park Center 6800 Stirling Rd.
148 Cedar Heights Apartments 2600 N. Denton Rd.
149 The North Oak Apartments 225 Aldine Bender
150 Arrowhead Court Apartments 700 Cherry Tree Rd.
151 The Citibank Building 225-255 East Dania Beach Blvd.
152 Petco/Starbucks S/C 12800-12824 Ventura Boulevard
153 1870 Ogden Drive 1868-1870 Ogden Drive
154 Woodland Park Office Building 21731 Ventura Boulevard
155 Costa Mesa Mobile Estates 327 West Wilson Street
156 Tree Top Apartments 910-C Greenleaf Drive
157 Greenville Village Mobile Home Park 6509 Greenville Loop Road
158 Brookwood Village 1923 - 1943 Peachtree Rd.
159 Rose Grove Mobile Home Park 3839 Pacific Ave.
160 Little River Shopping Center 1699 Highway 17
161 The Amberton Apartments 1550 University Woods Place
162 Best Western Worlds of Fun 7100 NE Parvin Rd.
163 All Aboard Mini Storage - Anaheim 1705 S. State College Blvd.
164 Waterway Crossing Apartments 685 Burcale Rd.
165 The Borders Building 9633 Westheimer Rd.
166 Ken-Caryl Business Center 10499 & 10579 W. Bradford & 10394 W. Chatfield Ave.
167 Alta Vista Mobile Home Park 711 East Lake Mead Drive
168 Palm Springs Self Storage 4200 Forest Hill Blvd.
169 Holiday Inn Express Auburn 404 Touring Drive
170 Caruth Haven Retail Center 6101 Greenville Avenue
171 3456 Ridge Property 3456 Ridge Avenue
172 Campus Plaza Shopping Center 3601-3629 S. Vermont Ave.
173 All Aboard Mini Storage - San Gabriel 405 S. Del Mar Ave.
174 Point O' Woods Apartments 520 N. 38th Avenue
175 Williamsburg on the Lake Apartments 302 Village Drive
176 Airport Business Center 555 West Layton Avenue
177 Staples - Wilmington 1215 Rombach Avenue
178 Felicita Junction 1611-1677 S. Centre City Parkway
179 The Bordeaux Apartments 523 Airline Rd.
180 High Point Village I Apartments 139 South Clark Road
181 Assured Self Storage Facility 3003 Big Town Blvd.
182 Staples - Valparaiso 2106 Morthland Blvd. (U.S. 30)
183 Fruitland Grove Family Park 19850 E. Arrow Highway
184 Centennial Creek Office Park 2955 & 2975 Valmont Rd.
185 Park Lane Village Apartments (1L) 7746 Red Arrow Highway
186 Rynearson Lane Village Apartments (1L) 1386 Leisure Lane
187 Holiday Inn Express Ottawa 120 West Stevenson
188 Ross Apartments 1118 Sir Francis Drake Boulevard
189 339 S. Ardmore Apartments 339 South Ardmore Avenue
<CAPTION>
Zip
# Property Name City County State Code
- ------------- ---- ------ ----- ----
<S> <C> <C> <C> <C>
127 Triangle Corporate Center Elk Grove Village Cook IL 60007
128 One West Hills Office Austin Travis TX 78704
129 Harper Regency Apartments West Hollywood Los Angeles CA 90046
130 Heritage Green Shopping Center Littleton Unincorporated Arapahoe CO 80122
131 Captain's Landing Apartments Galveston Galveston TX 77551
132 All Aboard Mini Storage - Fremont Fremont Alameda CA 94539
133 Century Plaza Strip Shopping Center (1K) Palatine Cook IL 60067
134 Albany Square Strip Shopping Center (1K) Chicago Cook IL 60618
135 Larrabee Complex Westbrook Cumberland ME 04092
136 Cedar Garden Apartments Brick Ocean NJ 08723
137 All Aboard Mini Storage - Stanton Stanton Orange CA 90680
138 Windtree Apartments - Phase I Fayetteville Cumberland NC 28314
139 Lake City Mini-Storage Seattle King WA 98125
140 Huntington Mobile Estates Huntington Beach Orange CA 92648
141 Everhart Park Shopping Center Corpus Christi Nueces TX 78413
142 Rafael North Executive Park San Rafael Marin CA 94903
143 Westwind Estates West Sacramento Yolo CA 95605
144 Hewlett Shopping Center Hewlett Nassau NY 11557
145 Forest Park Village Dallas Dallas TX 75234
146 2700 Richards Building Bellevue King WA 98005
147 Lincoln Park Center Davie Broward FL 33024
148 Cedar Heights Apartments Dothan Houston AL 36303
149 The North Oak Apartments Houston Harris TX 77060
150 Arrowhead Court Apartments Upper Chichester Township Delaware PA 19014
151 The Citibank Building Dania Broward FL 33004
152 Petco/Starbucks S/C Studio City Los Angeles CA 91604
153 1870 Ogden Drive Burlingame San Mateo CA 94010
154 Woodland Park Office Building Woodland Hills Los Angeles CA 91364
155 Costa Mesa Mobile Estates Costa Mesa Orange CA 92627
156 Tree Top Apartments Fayetteville Cumberland NC 28304
157 Greenville Village Mobile Home Park Wilmington New Hanover NC 28409
158 Brookwood Village Atlanta Fulton GA 30309
159 Rose Grove Mobile Home Park Forest Grove Washington OR 97116
160 Little River Shopping Center Little River Horry SC 29566
161 The Amberton Apartments Tampa Hillsborough FL 33612
162 Best Western Worlds of Fun Kansas City Clay MO 64117
163 All Aboard Mini Storage - Anaheim Anaheim Orange CA 92806
164 Waterway Crossing Apartments Myrtle Beach Horry SC 29579
165 The Borders Building Houston Harris TX 77063
166 Ken-Caryl Business Center Littleton Jefferson CO 80127
167 Alta Vista Mobile Home Park Henderson Clark NV 89015
168 Palm Springs Self Storage Palm Springs Palm Beach FL 33406
169 Holiday Inn Express Auburn Auburn DeKalb IN 46706
170 Caruth Haven Retail Center Dallas Dallas TX 75206
171 3456 Ridge Property Arlington Heights Cook IL 60004
172 Campus Plaza Shopping Center Los Angeles Los Angeles CA 90007
173 All Aboard Mini Storage - San Gabriel San Gabriel Los Angeles CA 91776
174 Point O' Woods Apartments Hattiesburg Forrest and Lamar MS 39401
175 Williamsburg on the Lake Apartments Mishawaka St. Joseph IN 46545
176 Airport Business Center Milwaukee Milwaukee WI 53207
177 Staples - Wilmington Wilmington Clinton OH 45177
178 Felicita Junction Escondido San Diego CA 92025
179 The Bordeaux Apartments Corpus Christi Nueces TX 78412
180 High Point Village I Apartments Cedar Hill Dallas TX 75014
181 Assured Self Storage Facility Mesquite Dallas TX 75150
182 Staples - Valparaiso Valparaiso Porter IN 46383
183 Fruitland Grove Family Park Covina Los Angeles CA 91724
184 Centennial Creek Office Park Boulder Boulder CO 80301
185 Park Lane Village Apartments (1L) Watervliet Berrien MI 49098
186 Rynearson Lane Village Apartments (1L) Buchanan Berrien MI 49107
187 Holiday Inn Express Ottawa Ottawa LaSalle IL 61350
188 Ross Apartments Kentfield Marin CA 94904
189 339 S. Ardmore Apartments Los Angeles Los Angeles CA 90020
</TABLE>
<PAGE>
Managers and Location of the Mortgaged Properties
<TABLE>
<CAPTION>
# Property Name Manager
- ------------- -------
<S> <C>
190 Edgewater Beach Resort Yvonne Hanna
191 Fondren Hill Apartments Homewood Company, LLC
192 Cottonwood Plaza Partners Management and Consultants Inc.
193 Southport Shops Centre Properties Management
194 Hawthorne Hill Apartments Pache Management Company, Inc.
195 Days Inn Waccamaw Winner Hotels, Inc.
196 Turtle Oaks Apartments Performance Properties, LLC
197 Linden Place Mobile Home Park D.R.S. Realty Company
198 Moore Lake Commons Shopping Center Hexad Management Company
199 Imperial Manor West Apartments Southfield Management Inc.
200 Brown School Station Apts. Baltes Commercial Realty
201 South Street Seaport Office Center Beacon Management Group, LLC
202 Hathaway Commerce Center Walsworth Property Management
203 Corinthian Apartments L'Abri Management Co.
204 Walgreen's Drug Store - Swansea Owner Managed
205 Catalina Apartments J. Hester Properties
206 Devonshire Square Retail Center Westwood Financial
207 1440 N. Vine Street Worchell Properties
208 College Park Apartments Owner Managed
209 Country Brooke Apartments Baltes Commercial Realty
210 Hillside View Apartments Fox Creek Management
211 Benihana Restaurant GraeGrove One, LLC
212 Crosswinds Apartments National Realty Management, Inc.
213 Imperial Plaza Retail Center Abbas Satrap
214 Twin Lakes Mobile Home Park D.R.S. Realty Company
215 Antietam Village Center Fitzgerald & Matan Property Management, Inc.
216 Gateway Shoppes Morgan Real Estate, Inc.
217 Red Onion Building Owner Managed
218 526 South Ardmore Avenue Abra Management, Inc
219 All Aboard Mini Storage - Santa Ana Management Enterprises, Inc.
220 Villa East I & II Matrix Group, Inc.
221 Courtyard Apartments Christopher Homes, Inc.
222 Sunset View Village Apartments Owner Managed
223 Wilmington Plaza La Caze Development Company
224 The Nations Bank Building The Shear Companies
225 Quail Ridge Apartments Piper Management Co.
226 Best Western KCI Airport Pacifica Companies
227 Laurel Heights Apartments Property Management Professionals, Inc.
228 El Monte Mobile Air Mobile Home Park Community Asset Management
229 Harold Gilstrap Shopping Center Sierra Management Corp.
230 Lakeside Apartments Orphelia Hennes
231 Park Glen Apartments Tricap Management, Inc.
232 St. Lucie Mobile Village Owner Managed
233 Ravenscroft Apartments Owner Managed
234 Coach Country Corral MHP Owner Managed
235 Seaside Village Shopping Center WQ Real Estate Services, Inc.
236 Sherwood Park Apartments Great West Management Group, Inc.
237 Ravenna Plaza Emmco Corporation
238 Holiday Inn Express Oglesby C & D Management, Inc.
239 Central/Magnolia Retail Center H.S. Brown & Associates, Inc.
240 Rolling Hills Estates Team Properties
241 Saticoy-Royale Apartments G.H. Cooper Properties, Inc.
242 Holiday/Park Riviera Mobile Home Park McGlamry Properties
243 Gottschalk's Department Store Jack Baskin, Inc.
244 Justin Apartments Gaska, Inc. and Development
245 Fountain Square Apartments Drumm Real Estate Management, Inc.
246 383 St. Johns Place Certified Servicing Associates, Inc.
247 Days Inn Owner Managed
248 Market Plaza Real Estate Alliance Company Ltd., LLC
249 Michigan Plaza & Bender Plaza Owner Managed
250 Mockingbird Park Retail Building Corrigan Real Estate Services
251 Poolesville Village Center Darnestown Management Corporation, Inc.
252 Executive Park Offices REMA, Inc.
<CAPTION>
# Property Name Address
- ------------- -------
<S> <C>
190 Edgewater Beach Resort 95 Chase Avenue
191 Fondren Hill Apartments 770 Lakeland
192 Cottonwood Plaza 7250-7356 North Oracle Rd.
193 Southport Shops 7225 US 31 South
194 Hawthorne Hill Apartments 3200-3361 & 3419-3498 Valerie Arms Drive
195 Days Inn Waccamaw 3650 Highway 501
196 Turtle Oaks Apartments 4111-21, 4140 & 4141 Newton Ave
197 Linden Place Mobile Home Park G-4192 South Linden Road
198 Moore Lake Commons Shopping Center 1001 East Moore Lake Drive
199 Imperial Manor West Apartments 19200 Appleton
200 Brown School Station Apts. 402-A Brown School Rd.
201 South Street Seaport Office Center 19 Fulton Street & 133 Beekman Street
202 Hathaway Commerce Center 1004 - 1010 South Hathaway Street
203 Corinthian Apartments 9063 Florence Ave.
204 Walgreen's Drug Store - Swansea 2532 North Illinois Street
205 Catalina Apartments 815 W. Abram Street
206 Devonshire Square Retail Center 16913-16933 Devonshire Street
207 1440 N. Vine Street 1400-1440 Vine Street
208 College Park Apartments 401 College Drive
209 Country Brooke Apartments 2980 Stop Eight Rd.
210 Hillside View Apartments 243 Pleasant Street
211 Benihana Restaurant 4250 Birch Street
212 Crosswinds Apartments 4355 South Jones Blvd.
213 Imperial Plaza Retail Center 8847 Imperial Highway
214 Twin Lakes Mobile Home Park 7001 Lakes Boulevard
215 Antietam Village Center 1595 Opposumtown Pike
216 Gateway Shoppes 1001-27 North Federal Highway
217 Red Onion Building 420 and 422 East Cooper Avenue
218 526 South Ardmore Avenue 526 South Ardmore Avenue
219 All Aboard Mini Storage - Santa Ana 1030 E. Fourth Street
220 Villa East I & II 363 and 393 South Harlan St.
221 Courtyard Apartments 1620 Carol Sue Ave.
222 Sunset View Village Apartments 7510 SW 152nd Avenue
223 Wilmington Plaza 311 Pacific Coast Highway
224 The Nations Bank Building 4000 Garth Road
225 Quail Ridge Apartments 1001 North State Road
226 Best Western KCI Airport 11900 NW Plaza Circle
227 Laurel Heights Apartments 483 Laurel Lane
228 El Monte Mobile Air Mobile Home Park 1517-1601 Merced Avenue
229 Harold Gilstrap Shopping Center 601 S. Main Street
230 Lakeside Apartments 1355 West Maple Avenue
231 Park Glen Apartments Parke West Drive
232 St. Lucie Mobile Village 11500 SW Kanner Highway
233 Ravenscroft Apartments 25 Fairview Avenue
234 Coach Country Corral MHP 1921 208th Street East
235 Seaside Village Shopping Center 4908 Seawall Boulevard
236 Sherwood Park Apartments 2300 - 2470 62nd Avenue East
237 Ravenna Plaza 1139-49 East Main Street
238 Holiday Inn Express Oglesby 900 Holiday Street
239 Central/Magnolia Retail Center 4100 Central Avenue
240 Rolling Hills Estates 4457 Popps Ferry Rd.
241 Saticoy-Royale Apartments 14630 Saticoy Street
242 Holiday/Park Riviera Mobile Home Park 319 Brady Drive
243 Gottschalk's Department Store 372 Elm Avenue
244 Justin Apartments 1039 Justin Avenue
245 Fountain Square Apartments 1925 8th Avenue
246 383 St. Johns Place 383 St. Johns Place
247 Days Inn 2117 Aerotech Drive
248 Market Plaza 2015 - 79 West 25th Street
249 Michigan Plaza & Bender Plaza 726-32 E. Michigan / 205-225 E. Bender
250 Mockingbird Park Retail Building 5706 E. Mockingbird Lane
251 Poolesville Village Center 19710 Fisher Avenue
252 Executive Park Offices 921-925 East Executive Park Drive
<CAPTION>
Zip
# Property Name City County State Code
- ------------- ---- ------ ----- ----
<S> <C> <C> <C> <C>
190 Edgewater Beach Resort Dennisport Barnstable MA 02639
191 Fondren Hill Apartments Jackson Hinds MS 39216
192 Cottonwood Plaza Tucson Pima AZ 85704
193 Southport Shops Indianapolis Marion IN 46227
194 Hawthorne Hill Apartments Dayton Montgomery OH 45405
195 Days Inn Waccamaw Myrtle Beach Horry SC 29577
196 Turtle Oaks Apartments Dallas Dallas TX 75219
197 Linden Place Mobile Home Park Flint Genessee MI 48507
198 Moore Lake Commons Shopping Center Fridley Anoka MN 55432
199 Imperial Manor West Apartments Detroit Wayne MI 48219
200 Brown School Station Apts. Vandalia Montgomery OH 45377
201 South Street Seaport Office Center New York New York NY 10038
202 Hathaway Commerce Center Santa Ana Orange CA 92705
203 Corinthian Apartments Downey Los Angeles CA 90240
204 Walgreen's Drug Store - Swansea Swansea St. Clair IL 62226
205 Catalina Apartments Arlington Tarrant TX 76013
206 Devonshire Square Retail Center Granada Hills Los Angeles CA 91344
207 1440 N. Vine Street Los Angeles Los Angeles CA 90028
208 College Park Apartments Hanceville Cullman AL 35055
209 Country Brooke Apartments Dayton Montgomery OH 45414
210 Hillside View Apartments Concord Merrimack NH 03301
211 Benihana Restaurant Newport Beach Orange CA 92660
212 Crosswinds Apartments Las Vegas Clark NV 89103
213 Imperial Plaza Retail Center Downey Los Angeles CA 90242
214 Twin Lakes Mobile Home Park Fort Mill York SC 29715
215 Antietam Village Center Frederick Frederick MD 21702
216 Gateway Shoppes Fort Lauderdale Broward FL 33304
217 Red Onion Building Aspen Pitkin CO 81611
218 526 South Ardmore Avenue Los Angeles Los Angeles CA 90020
219 All Aboard Mini Storage - Santa Ana Santa Ana Orange CA 92701
220 Villa East I & II Lakewood Jefferson CO 80226
221 Courtyard Apartments Gretna Jefferson LA 70056
222 Sunset View Village Apartments Miami Dade FL 33193
223 Wilmington Plaza Wilmington Los Angeles CA 90744
224 The Nations Bank Building Baytown Harris TX 77521
225 Quail Ridge Apartments Davison Genesee MI 48423
226 Best Western KCI Airport Kansas City Platte MO 64153
227 Laurel Heights Apartments New Braunfels Comal TX 78130
228 El Monte Mobile Air Mobile Home Park South El Monte Los Angeles CA 91733
229 Harold Gilstrap Shopping Center Salem Washington IN 47167
230 Lakeside Apartments Mundelein Lake IL 61941
231 Park Glen Apartments Glen Burnie Anne Arundel MD 21061
232 St. Lucie Mobile Village Indiantown Martin FL 34956
233 Ravenscroft Apartments Phillipsburg Warren NJ 08865
234 Coach Country Corral MHP Spanaway Pierce WA 98387
235 Seaside Village Shopping Center Galveston Galveston TX 77551
236 Sherwood Park Apartments Fife Pierce WA 98424
237 Ravenna Plaza Ravenna Portage OH 44266
238 Holiday Inn Express Oglesby Oglesby LaSalle IL 61348
239 Central/Magnolia Retail Center Riverside Riverside CA 92506
240 Rolling Hills Estates D'Iberville Harrison MS 39532
241 Saticoy-Royale Apartments Van Nuys Los Angeles CA 91405
242 Holiday/Park Riviera Mobile Home Park Warner Robins Houston GA 31088
243 Gottschalk's Department Store Auburn Placer CA 95603
244 Justin Apartments Glendale Los Angeles CA 91201
245 Fountain Square Apartments Tuscaloosa Tuscaloosa AL 35401
246 383 St. Johns Place Brooklyn Kings NY 11238
247 Days Inn Colorado Springs El Paso CO 80916
248 Market Plaza Cleveland Cuyahoga OH 44113
249 Michigan Plaza & Bender Plaza Hobbs Lea NM 88240
250 Mockingbird Park Retail Building Dallas Dallas TX 75206
251 Poolesville Village Center Poolesville Montgomery MD 20837
252 Executive Park Offices Murray Salt Lake UT 84117
</TABLE>
<PAGE>
Managers and Location of the Mortgaged Properties
<TABLE>
<CAPTION>
# Property Name Manager
- ------------- -------
<S> <C>
253 Citadel Square Shopping Center (5) Infinity Property Management, Corp.
254 Sherwood Mobile Home Estates D.R.S. Realty Company
255 Ware's Van & Storage Co. Owner Managed
256 Sunrise Terrace Mobile Home Park Owner Managed
257 Best Western Country Inn North Pacifica Companies
258 Woodlake Resort Village Apartments Owner Managed
259 Plantation Pines Apartments Owner Managed
260 Pacific Mini Storage Owner Managed
261 Sunridge Apartments Owner Managed
262 Parkside Place Apartments J & EE Property Management, Inc.
263 Courtyards of Granbury Las Brisas Nuevo, LLC
264 University Apartments Polo Club Management
265 Isaqueena Village Apartments P.I.C. Properties
266 Turtle Dove I Apartments Owner Managed
267 Carson Gardens Mobile Home Park Community Asset Management
268 Valerie Apartments J.L. & G.
269 Huddersfield Apartments Huddersfield Properties, LLC
270 1457 & 1519 - 1527 Park Road, NW 1457 Park Road, LLC
271 Winter Garden Village Apartments Affirmative Management Inc.
272 Long Point Plaza Apartments Owner Managed
273 The Place of Tempe Apartments Owner Managed
274 Valley Garden Apartments Valley Garden, LLC
275 Devereaux Apartments Owner Managed
276 Bloomingdale Shopping Center Bloomingdale Plaza Associates, LLC
277 Cottonwood Apartments Invest America
278 Royal North Apartments SSL Investments, LLC
279 Turtle Dove II Apartments G & G Properties
<CAPTION>
# Property Name Address
- ------------- -------
<S> <C>
253 Citadel Square Shopping Center (5) 5060 Memorial Drive
254 Sherwood Mobile Home Estates 314 Tallman Circle
255 Ware's Van & Storage Co. 1344 North West Boulevard
256 Sunrise Terrace Mobile Home Park 7311 Chambers Creek Road West
257 Best Western Country Inn North 2633 N.E. 43rd Street
258 Woodlake Resort Village Apartments 6000 Woodlake Parkway
259 Plantation Pines Apartments 2713 South Broadway
260 Pacific Mini Storage 5120 Pacific Highway
261 Sunridge Apartments 6608 South Freeway
262 Parkside Place Apartments 2833 Community Drive
263 Courtyards of Granbury 905 Paluxy Road
264 University Apartments 3512 South University Drive
265 Isaqueena Village Apartments 843 Isaqueena Trail
266 Turtle Dove I Apartments 3516 Matilda Street
267 Carson Gardens Mobile Home Park 437 West Carson St.
268 Valerie Apartments 6226 Valerie Street
269 Huddersfield Apartments 197 Pine Street
270 1457 & 1519 - 1527 Park Road, NW 1457 & 1519 - 1527 Park Road, NW
271 Winter Garden Village Apartments 521 South Park Avenue
272 Long Point Plaza Apartments 1742 Woodvine Drive
273 The Place of Tempe Apartments 607-627 West 19th Street
274 Valley Garden Apartments 5236 & 5286 East Tropicana Avenue
275 Devereaux Apartments 3616-3636 Warwick Boulevard
276 Bloomingdale Shopping Center 47 Main Street
277 Cottonwood Apartments 1714 Patton Lane
278 Royal North Apartments 4422 & 4525 Weaver Road
279 Turtle Dove II Apartments 5737 McCommas Street
<CAPTION>
Zip
# Property Name City County State Code
- ------------- ---- ------ ----- ----
<S> <C> <C> <C> <C>
253 Citadel Square Shopping Center (5) Stone Mountain DeKalb GA 30083
254 Sherwood Mobile Home Estates Midway Park Onslow NC 28544
255 Ware's Van & Storage Co. Vineland Cumberland NJ 08360
256 Sunrise Terrace Mobile Home Park University Place Pierce WA 98467
257 Best Western Country Inn North Kansas City Clay MO 64117
258 Woodlake Resort Village Apartments San Antonio Bexar TX 78244
259 Plantation Pines Apartments Tyler Smith TX 75701
260 Pacific Mini Storage Ferndale Whatcom WA 98248
261 Sunridge Apartments Forth Worth Tarrant TX 76134
262 Parkside Place Apartments Dallas Dallas TX 75220
263 Courtyards of Granbury Granbury Hood TX 76048
264 University Apartments Fort Worth Tarrant TX 76109
265 Isaqueena Village Apartments Central Pickens SC 29630
266 Turtle Dove I Apartments Dallas Dallas TX 75206
267 Carson Gardens Mobile Home Park Carson Los Angeles CA 90745
268 Valerie Apartments Houston Harris TX 77081
269 Huddersfield Apartments Portland Cumberland ME 04103
270 1457 & 1519 - 1527 Park Road, NW Washington District of Columbia DC 20010
271 Winter Garden Village Apartments Winter Garden Orange FL 34787
272 Long Point Plaza Apartments Houston Harris TX 77055
273 The Place of Tempe Apartments Tempe Maricopa AZ 85281
274 Valley Garden Apartments Las Vegas Clark NV 89122
275 Devereaux Apartments Kansas City Jackson MO 64111
276 Bloomingdale Shopping Center Bloomingdale Passaic NJ 07403
277 Cottonwood Apartments Austin Travis TX 78723
278 Royal North Apartments Houston Harris TX 77016
279 Turtle Dove II Apartments Dallas Dallas TX 75206
</TABLE>
(1A) The Mortgage Loans secured by Hampton Inn - Elmsford, Quality Suites -
Charleston, Courtyard by Marriott - Ann Arbor, Residence Inn - Phoenix,
Homewood Suites - Cary, Hampton Inn & Suites - Gwinnett, Hampton Inn -
Raleigh, Comfort Suites - Orlando, Hampton Inn - Perimeter, Hampton Inn -
Charlotte, NC, Courtyard by Marriott - Wilmington, Hampton Inn - West
Springfield, Homewood Suites - Clear Lake and Comfort Inn - Charleston,
respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Kendal Lakes Plaza, Cypress Creek Station and
Oakwood Business Center, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Westchase Ranch Apartments, Westwood Village
Apartments, Normandy Woods Apartments, Savoy Manor Apartments and San Marin
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by 2294 Molly Pitcher Highway, 5015 Campuswood
Drive, 5010 Campuswood Drive and 5009 Campuswood Drive, respectively, are
cross-collateralized and cross-defaulted.
(1E) The Mortgage Loans secured by Keller Oaks Apartments, Sycamore Hill
Apartments, Claredon Apartments and Woodchase Condominiums, respectively,
are cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Princeton Court Apartments, Pinewood Estates
Apartments and Arbor Court Apartments, resepectively, are
cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by U-Store of Brighton Self Storage Facility,
U-Store of South Lyon Self Storage Facility, U-Store of Saline Self Storage
Facility, U-Store of Davison Self Storage Facility, U-Store of Holly Self
Storage Facility and U-Store of Jackson Self Storage Facility,
respectively, are cross-collateralized and cross-defaulted.
(1H) The Mortgage Loans secured by Cranbrook Centre Apartments and Cranbrook
Centre Office Buildings, respectively, are cross-collateralized and
cross-defaulted.
(1I) The Mortgage Loans secured by Mobile Gardens/Holly View Mobile Home Park,
Stony Chase/Rock Creek Mobile Home Park and Briarwood Manor, respectively
are cross-collateralized and cross-defaulted.
(1J) The Mortgage Loans secured by Spruce Properties, Oak Grove Apartments and
Aldrich Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1K) The Mortgage Loans secured by Century Plaza Strip Shopping Center and
Alabany Square Strip Shopping Center, respectively, are
cross-collateralized and cross-defaulted.
(1L) The Mortgage Loans secured by Park Lane Village Apartments and Rynearson
Lane Village Apartments, respectively, are cross-collateralized and
cross-defaulted.
(2) The Mortgage Loan secured by Dallas Design Center Roll-Up is secured by 18
buildings that are operated as a single property.
(3) Marycrest Shopping Center has an interest only period of 24 months from
origination and thereafter is scheduled to amortize over 360 months with
the payment presented reflecting the amount due during the amortization
term.
(4) Merchant's Square has an interest only period of 24 months from origination
and thereafter is scheduled to amortize over 336 months with the payment
presented reflecting the amount due during the amortization term.
(5) Citadel Square Shopping Center has an interest only period of 36 months
from origination and thereafter is scheduled to amortize over 300 months
with the payment presented reflecting the amount due during the
amortization term.
<PAGE>
Characteristics of the Mortgage Loans
<TABLE>
<CAPTION>
Original Remaining
Original Cut-off Percentage of Amortization Amortization
Principal Date Initial Term Term
# Property Name Balance Balance (6) Pool Balance (months) (months)
- ------------- ------- ----------- ------------ -------- --------
<S> <C> <C> <C> <C> <C>
1 Hampton Inn - Elmsford (1A) $7,625,000 $7,598,233 0.6% 300 297
2 Quality Suites - Charleston (1A) 6,300,000 6,277,885 0.5% 300 297
3 Courtyard by Marriott - Ann Arbor (1A) 6,300,000 6,277,885 0.5% 300 297
4 Residence Inn - Phoenix (1A) 6,300,000 6,277,885 0.5% 300 297
5 Homewood Suites - Cary (1A) 6,025,000 6,003,850 0.5% 300 297
6 Hampton Inn & Suites - Gwinnett (1A) 5,400,000 5,381,044 0.4% 300 297
7 Hampton Inn - Raleigh (1A) 5,300,000 5,281,395 0.4% 300 297
8 Comfort Suites - Orlando (1A) 5,175,000 5,156,834 0.4% 300 297
9 Hampton Inn - Perimeter (1A) 5,000,000 4,982,448 0.4% 300 297
10 Hampton Inn - Charlotte, NC (1A) 4,575,000 4,558,940 0.4% 300 297
11 Courtyard by Marriott - Wilmington (1A) 4,275,000 4,259,993 0.3% 300 297
12 Hampton Inn - West Springfield (1A) 3,700,000 3,687,012 0.3% 300 297
13 Homewood Suites - Clear Lake (1A) 3,450,000 3,437,889 0.3% 300 297
14 Comfort Inn - Charleston (1A) 1,575,000 1,569,471 0.1% 300 297
15 Kendale Lakes Plaza (1B) 29,613,000 29,580,388 2.4% 360 359
16 Cypress Creek Station (1B) 23,856,000 23,829,728 1.9% 360 359
17 Oakwood Business Center (1B) 10,408,000 10,396,538 0.8% 360 359
18 Westchase Ranch Apartments (1C) 22,556,014 22,529,265 1.8% 360 359
19 Westwood Village Apartments (1C) 10,400,000 10,387,667 0.8% 360 359
20 Normandy Woods Apartments (1C) 7,120,000 7,111,557 0.6% 360 359
21 Savoy Manor Apartments (1C) 5,200,000 5,193,833 0.4% 360 359
22 San Marin Apartments (1C) 3,613,312 3,609,027 0.3% 360 359
23 Country Squire Apartments - South 30,500,000 30,446,295 2.4% 360 358
24 2294 Molly Pitcher Highway (1D) 17,200,000 17,149,044 1.4% 360 356
25 5015 Campuswood Drive (1D) 7,200,000 7,178,670 0.6% 360 356
26 5010 Campuswood Drive (1D) 4,483,200 4,469,918 0.4% 360 356
27 5009 Campuswood Drive (1D) 516,800 515,269 0.0% 360 356
28 Fair Lakes Promenade 21,000,000 20,950,739 1.7% 360 357
29 Keller Oaks Apartments (1E) 7,167,501 7,143,351 0.6% 360 356
30 Sycamore Hill Apartments (1E) 6,210,476 6,189,551 0.4% 360 356
31 Clarendon Apartments (1E) 4,561,137 4,545,769 0.4% 360 356
32 Woodchase Condominiums (1E) 2,410,887 2,402,764 0.2% 360 356
33 Dallas Design Center Roll-Up (2) 17,500,000 17,479,737 1.4% 360 359
34 Assembly Square Office Building 16,782,000 16,753,085 1.3% 360 358
35 Spicetree Apartments 16,640,000 16,582,208 1.3% 360 356
36 Lamplighter Mobile Home Park 16,000,000 15,971,898 1.3% 360 358
37 White Station Tower 15,500,000 15,500,000 1.2% 360 360
38 Holiday Inn New Orleans Veterans 15,000,000 14,977,561 1.2% 300 299
39 The Links at Bixby 14,700,000 14,487,822 1.2% 300 288
40 Southwood Apartments 14,500,000 14,474,162 1.2% 360 358
41 The Shoppes at Longwood 14,200,000 14,163,600 1.1% 300 298
42 Pines of Westbury 13,000,000 12,967,894 1.0% 360 357
43 Edentree Apartments 11,480,000 11,480,000 0.9% 360 360
44 Becker Village Mall 11,344,000 11,319,037 0.9% 360 357
45 Tiffany Square 11,250,000 11,230,709 0.9% 360 358
46 The Mint Apartments 11,150,000 11,136,789 0.9% 360 359
47 River Park Shopping Center 10,950,000 10,925,904 0.9% 360 357
48 Rancho Destino Apartments 10,200,000 10,181,999 0.8% 360 358
49 Conestoga Mobile Home Park 9,875,000 9,841,203 0.8% 360 356
50 Huntington Chase Apartments 9,700,000 9,666,997 0.8% 360 356
51 Parkshore Centre Office Building 9,300,000 9,267,733 0.7% 360 356
52 Kenwood Pavilion 8,880,000 8,869,751 0.7% 360 359
53 Newsome Park Apartments 8,500,000 8,459,047 0.7% 360 354
54 Princeton Court Apartments (1F) 3,884,214 3,877,564 0.3% 360 358
55 Pinewood Estates Apartments (1F) 2,390,286 2,386,193 0.2% 360 358
56 Arbor Court Apartments (1F) 2,091,500 2,087,919 0.2% 360 358
57 U-Store of Brighton Self Storage Facility (1G) 2,871,590 2,867,278 0.2% 300 299
58 U-Store of South Lyon Self Storage Facility (1G) 1,525,067 1,522,777 0.1% 300 299
59 U-Store of Saline Self Storage Facility (1G) 1,391,159 1,389,070 0.1% 300 299
60 U-Store of Davison Self Storage Facility (1G) 996,873 995,376 0.1% 300 299
61 U-Store of Holly Self Storage Facility (1G) 922,480 921,094 0.1% 300 299
62 U-Store of Jackson Self Storage Facility (1G) 572,830 571,970 0.0% 300 299
63 Birches Apartments 8,186,000 8,172,163 0.7% 360 358
<CAPTION>
Original Remaining
Term to Term to First
Maturity Maturity Mortgage Monthly Payment
# Property Name (months)(7) (months)(7) Rate Payment Date
- ------------- ----------- ----------- ---- ------- ----
<S> <C> <C> <C> <C> <C>
1 Hampton Inn - Elmsford (1A) 120 117 7.375% $55,729.57 01/01/99
2 Quality Suites - Charleston (1A) 120 117 7.375% 46,045.42 01/01/99
3 Courtyard by Marriott - Ann Arbor (1A) 120 117 7.375% 46,045.42 01/01/99
4 Residence Inn - Phoenix (1A) 120 117 7.375% 46,045.42 01/01/99
5 Homewood Suites - Cary (1A) 120 117 7.375% 44,035.50 01/01/99
6 Hampton Inn & Suites - Gwinnett (1A) 120 117 7.375% 39,467.50 01/01/99
7 Hampton Inn - Raleigh (1A) 120 117 7.375% 38,736.62 01/01/99
8 Comfort Suites - Orlando (1A) 120 117 7.375% 37,823.02 01/01/99
9 Hampton Inn - Perimeter (1A) 120 117 7.375% 36,543.98 01/01/99
10 Hampton Inn - Charlotte, NC (1A) 120 117 7.375% 33,437.74 01/01/99
11 Courtyard by Marriott - Wilmington (1A) 120 117 7.375% 31,245.11 01/01/99
12 Hampton Inn - West Springfield (1A) 120 117 7.375% 27,042.55 01/01/99
13 Homewood Suites - Clear Lake (1A) 120 117 7.375% 25,215.35 01/01/99
14 Comfort Inn - Charleston (1A) 120 117 7.375% 11,511.35 01/01/99
15 Kendale Lakes Plaza (1B) 120 119 8.180% 221,016.99 03/01/99
16 Cypress Creek Station (1B) 120 119 8.180% 178,049.55 03/01/99
17 Oakwood Business Center (1B) 120 119 8.180% 77,680.24 03/01/99
18 Westchase Ranch Apartments (1C) 120 119 7.220% 153,413.07 03/01/99
19 Westwood Village Apartments (1C) 120 119 7.220% 70,734.84 03/01/99
20 Normandy Woods Apartments (1C) 120 119 7.220% 48,426.16 03/01/99
21 Savoy Manor Apartments (1C) 120 119 7.220% 35,367.42 03/01/99
22 San Marin Apartments (1C) 120 119 7.220% 24,575.68 03/01/99
23 Country Squire Apartments - South 120 118 6.650% 195,799.29 02/01/99
24 2294 Molly Pitcher Highway (1D) 120 116 7.550% 120,854.33 12/01/98
25 5015 Campuswood Drive (1D) 120 116 7.550% 50,590.18 12/01/98
26 5010 Campuswood Drive (1D) 120 116 7.550% 31,500.82 12/01/98
27 5009 Campuswood Drive (1D) 120 116 7.550% 3,631.25 12/01/98
28 Fair Lakes Promenade 120 117 7.260% 143,399.48 01/01/99
29 Keller Oaks Apartments (1E) 120 116 6.900% 47,205.17 12/01/98
30 Sycamore Hill Apartments (1E) 120 116 6.900% 40,902.21 12/01/98
31 Clarendon Apartments (1E) 120 116 6.900% 30,039.65 12/01/98
32 Woodchase Condominiums (1E) 120 116 6.900% 15,878.10 12/01/98
33 Dallas Design Center Roll-Up (2) 120 119 7.510% 122,482.39 03/01/99
34 Assembly Square Office Building 120 118 7.400% 116,195.18 02/01/99
35 Spicetree Apartments 84 80 6.750% 107,926.72 12/01/98
36 Lamplighter Mobile Home Park 120 118 7.280% 109,473.97 02/01/99
37 White Station Tower 120 120 7.410% 107,424.63 04/01/99
38 Holiday Inn New Orleans Veterans 120 119 8.000% 115,772.43 03/01/99
39 The Links at Bixby 300 288 6.940% 103,334.57 04/01/98
40 Southwood Apartments 84 82 7.190% 98,326.15 02/01/99
41 The Shoppes at Longwood 240 238 6.780% 98,378.61 02/01/99
42 Pines of Westbury 120 117 7.000% 86,489.32 01/01/99
43 Edentree Apartments 120 120 7.290% 78,625.54 04/01/99
44 Becker Village Mall 120 117 7.580% 79,941.24 01/01/99
45 Tiffany Square 120 118 7.430% 78,123.10 02/01/99
46 The Mint Apartments 120 119 7.230% 75,911.46 03/01/99
47 River Park Shopping Center 120 117 7.580% 77,164.72 01/01/99
48 Rancho Destino Apartments 120 118 7.250% 69,581.98 02/01/99
49 Conestoga Mobile Home Park 120 116 6.820% 64,509.22 12/01/98
50 Huntington Chase Apartments 120 116 6.850% 63,560.14 12/01/98
51 Parkshore Centre Office Building 120 116 6.750% 60,319.62 12/01/98
52 Kenwood Pavilion 120 119 7.550% 62,394.56 03/01/99
53 Newsome Park Apartments 120 114 6.970% 56,379.56 10/01/98
54 Princeton Court Apartments (1F) 120 118 7.440% 26,999.59 02/01/99
55 Pinewood Estates Apartments (1F) 120 118 7.440% 16,615.13 02/01/99
56 Arbor Court Apartments (1F) 120 118 7.440% 14,538.24 02/01/99
57 U-Store of Brighton Self Storage Facility (1G) 120 119 7.950% 22,068.37 03/01/99
58 U-Store of South Lyon Self Storage Facility (1G) 120 119 7.950% 11,720.25 03/01/99
59 U-Store of Saline Self Storage Facility (1G) 120 119 7.950% 10,691.15 03/01/99
60 U-Store of Davison Self Storage Facility (1G) 120 119 7.950% 7,661.04 03/01/99
61 U-Store of Holly Self Storage Facility (1G) 120 119 7.950% 7,089.32 03/01/99
62 U-Store of Jackson Self Storage Facility (1G) 120 119 7.950% 4,402.24 03/01/99
63 Birches Apartments 120 118 7.520% 57,349.85 02/01/99
<CAPTION>
Maturity Prepayment Provision Defeasance
# Property Name Date ARD(8) as of Origination (9) Option(10)
- ------------- ---- ------ --------------------- ----------
<S> <C> <C> <C> <C>
1 Hampton Inn - Elmsford (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
2 Quality Suites - Charleston (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
3 Courtyard by Marriott - Ann Arbor (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
4 Residence Inn - Phoenix (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
5 Homewood Suites - Cary (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
6 Hampton Inn & Suites - Gwinnett (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
7 Hampton Inn - Raleigh (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
8 Comfort Suites - Orlando (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
9 Hampton Inn - Perimeter (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
10 Hampton Inn - Charlotte, NC (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
11 Courtyard by Marriott - Wilmington (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
12 Hampton Inn - West Springfield (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
13 Homewood Suites - Clear Lake (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
14 Comfort Inn - Charleston (1A) 12/01/23 12/01/08 L (9.75), O (0.25) Yes
15 Kendale Lakes Plaza (1B) 02/01/29 02/01/09 L (9.75), O (0.25) Yes
16 Cypress Creek Station (1B) 02/01/29 02/01/09 L (9.75), O (0.25) Yes
17 Oakwood Business Center (1B) 02/01/29 02/01/09 L (9.75), O (0.25) Yes
18 Westchase Ranch Apartments (1C) 02/01/09 L (9.5), O (0.5) Yes
19 Westwood Village Apartments (1C) 02/01/09 L (9.5), O (0.5) Yes
20 Normandy Woods Apartments (1C) 02/01/09 L (9.5), O (0.5) Yes
21 Savoy Manor Apartments (1C) 02/01/09 L (9.5), O (0.5) Yes
22 San Marin Apartments (1C) 02/01/09 L (9.5), O (0.5) Yes
23 Country Squire Apartments - South 01/01/09 L (3), YM 1% (6.5), O (0.5) No
24 2294 Molly Pitcher Highway (1D) 11/01/08 L (9.5), O (0.5) Yes
25 5015 Campuswood Drive (1D) 11/01/08 L (9.5), O (0.5) Yes
26 5010 Campuswood Drive (1D) 11/01/08 L (9.5), O (0.5) Yes
27 5009 Campuswood Drive (1D) 11/01/08 L (9.5), O (0.5) Yes
28 Fair Lakes Promenade 12/01/08 L (9.75), O (0.25) Yes
29 Keller Oaks Apartments (1E) 11/01/28 11/01/08 L (9.75), O (0.25) Yes
30 Sycamore Hill Apartments (1E) 11/01/28 11/01/08 L (9.75), O (0.25) Yes
31 Clarendon Apartments (1E) 11/01/28 11/01/08 L (9.75), O (0.25) Yes
32 Woodchase Condominiums (1E) 11/01/28 11/01/08 L (9.75), O (0.25) Yes
33 Dallas Design Center Roll-Up (2) 02/01/09 L (9.75), O (0.25) Yes
34 Assembly Square Office Building 01/01/09 L (9.75), O (0.25) Yes
35 Spicetree Apartments 11/01/28 11/01/05 L (6.67), O (0.33) Yes
36 Lamplighter Mobile Home Park 01/01/09 L (9.5), O (0.5) Yes
37 White Station Tower 03/01/09 L (9.5), O (0.5) Yes
38 Holiday Inn New Orleans Veterans 02/01/09 L (9.5), O (0.5) Yes
39 The Links at Bixby 03/01/23 L (9.92), YM 1% (10.08), O (5) No
40 Southwood Apartments 01/01/06 L (6.5), O (0.5) Yes
41 The Shoppes at Longwood 01/01/19 L (10), YM 1% (9.75), O (0.25) No
42 Pines of Westbury 12/01/28 12/01/08 L (9.75), O (0.25) Yes
43 Edentree Apartments 03/01/09 L (9.75), O (0.25) Yes
44 Becker Village Mall 12/01/08 L (9.75), O (0.25) Yes
45 Tiffany Square 01/01/09 L (9.5), O (0.5) Yes
46 The Mint Apartments 02/01/09 L (9.5), O (0.5) Yes
47 River Park Shopping Center 12/01/08 L (9.75), O (0.25) Yes
48 Rancho Destino Apartments 01/01/09 L (9.75), O (0.25) Yes
49 Conestoga Mobile Home Park 11/01/08 L (9.5), O (0.5) Yes
50 Huntington Chase Apartments 11/01/08 L (9.75), O (0.25) Yes
51 Parkshore Centre Office Building 11/01/08 L (9.5), O (0.5) Yes
52 Kenwood Pavilion 02/01/09 L (9.75), O (0.25) Yes
53 Newsome Park Apartments 09/01/28 09/01/08 L (9.75), O (0.25) Yes
54 Princeton Court Apartments (1F) 01/01/09 L (9.75), O (0.25) Yes
55 Pinewood Estates Apartments (1F) 01/01/09 L (9.75), O (0.25) Yes
56 Arbor Court Apartments (1F) 01/01/09 L (9.75), O (0.25) Yes
57 U-Store of Brighton Self Storage Facility (1G) 02/01/09 L (9.75), O (0.25) Yes
58 U-Store of South Lyon Self Storage Facility (1G) 02/01/09 L (9.75), O (0.25) Yes
59 U-Store of Saline Self Storage Facility (1G) 02/01/09 L (9.75), O (0.25) Yes
60 U-Store of Davison Self Storage Facility (1G) 02/01/09 L (9.75), O (0.25) Yes
61 U-Store of Holly Self Storage Facility (1G) 02/01/09 L (9.75), O (0.25) Yes
62 U-Store of Jackson Self Storage Facility (1G) 02/01/09 L (9.75), O (0.25) Yes
63 Birches Apartments 01/01/09 L (9.75), O (0.25) Yes
</TABLE>
<PAGE>
Characteristics of the Mortgage Loans
<TABLE>
<CAPTION>
Original Remaining
Original Cut-off Percentage of Amortization Amortization
Principal Date Initial Term Term
# Property Name Balance Balance (6) Pool Balance (months) (months)
- ------------- ------- ----------- ------------ -------- --------
<S> <C> <C> <C> <C> <C>
64 Hollywood Plaza 8,100,000 8,074,019 0.6% 360 356
65 50-60 Worcester Rd. 8,000,000 7,990,860 0.6% 360 359
66 Mahwah Business Park 8,000,000 7,935,363 0.6% 300 293
67 Silvernail Shopping Center 7,808,000 7,798,787 0.6% 360 359
68 Tech Center 29 Office/Warehouse Complex 7,600,000 7,588,003 0.6% 300 299
69 Centre North Shopping Center 7,600,000 7,576,100 0.6% 360 356
70 Cranbrook Centre Apartments (1H) 4,925,000 4,916,622 0.4% 360 358
71 Cranbrook Centre Office Buildings (1H) 2,500,000 2,495,747 0.2% 360 358
72 Lubbock Shopping Parkade 7,378,000 7,365,975 0.6% 360 358
73 Marin Club Apartments 7,360,000 7,347,967 0.6% 360 358
74 Prunedale Center 7,273,000 7,250,128 0.6% 360 356
75 Lamplighter Ontario MHP 7,150,000 7,137,562 0.6% 360 358
76 Marycrest Shopping Center (3) 7,000,000 7,000,000 0.6% 360 360
77 Elm Plaza Shopping Center 7,000,000 6,980,077 0.6% 360 356
78 Century Plaza East 6,937,000 6,919,868 0.6% 360 357
79 Keller Springs Tech Center 6,900,000 6,888,130 0.5% 360 358
80 Mobile Gardens/Holly View Mobile Home Park (1I) 3,640,000 3,627,197 0.3% 360 356
81 Stony Chase/Rock Creek Mobile Home Park (1I) 1,920,000 1,913,247 0.2% 360 356
82 Briarwood Manor (1I) 1,340,000 1,335,287 0.1% 360 356
83 Tierra Verde Marine Center 6,900,000 6,838,329 0.5% 300 292
84 Aurora Square 6,720,000 6,703,404 0.5% 360 357
85 Merchant's Square (4) 6,600,000 6,600,000 0.5% 336 336
86 Northwood Hills Shopping Center 6,500,000 6,492,510 0.5% 360 359
87 36th Street Office Center 6,500,000 6,489,065 0.5% 360 358
88 Fifth Avenue Apartments 6,400,000 6,388,541 0.5% 360 358
89 The Watermill Apartments 6,400,000 6,379,593 0.5% 360 356
90 Brooks Corner 6,300,000 6,300,000 0.5% 300 300
91 Hollywood Ardmore Apartments 6,250,000 6,236,842 0.5% 360 357
92 Chasewood Apartments 6,160,000 6,149,198 0.5% 360 358
93 Kingsgate North 5,880,000 5,860,574 0.5% 360 356
94 Fairfield Suites Pittsburgh/Airport 5,840,000 5,831,027 0.5% 300 299
95 Seatree Apartments 5,840,000 5,829,759 0.5% 360 358
96 All Aboard Mini Storage - Alhambra 5,680,000 5,658,494 0.5% 360 355
97 West Century Center 5,600,000 5,593,651 0.4% 360 359
98 Universal Plaza 5,560,000 5,550,794 0.4% 360 358
99 Crestview Market Place 5,500,000 5,481,829 0.4% 360 356
100 New Franklin Apartments 5,400,000 5,345,280 0.4% 216 212
101 Windjammer Apartments 5,226,000 5,219,925 0.4% 360 359
102 Woodlake Village Apartments 5,240,000 5,217,795 0.4% 360 355
103 Comfort Inn - Hopewell, VA 5,200,000 5,181,769 0.4% 300 297
104 Linens N Things 5,200,000 5,142,115 0.4% 324 313
105 The Woods Apartments 5,048,000 5,039,048 0.4% 360 358
106 Moonlight Garden Apartments 4,987,000 4,978,846 0.4% 360 358
107 Sagamore Court Apartments 4,970,000 4,960,750 0.4% 360 358
108 Carriage Hill Apartments 4,940,000 4,927,800 0.4% 360 357
109 Dowling Office Building 4,810,000 4,801,712 0.4% 360 358
110 Main Street Plaza Shopping Center 4,772,000 4,756,234 0.4% 360 356
111 Friendship Crossing Apartments 4,611,000 4,603,093 0.4% 360 358
112 Spruce Properties (1J) 1,975,000 1,970,671 0.2% 360 357
113 Oak Grove Apartments (1J) 1,475,000 1,471,767 0.1% 360 357
114 Aldrich Apartments (1J) 1,050,000 1,047,699 0.1% 360 357
115 One Bellemead Center 4,497,000 4,487,741 0.4% 360 357
116 Denver Tech Center #30 4,475,000 4,463,948 0.4% 360 357
117 Preston Racquet Club Condominiums and Apartments 4,390,000 4,385,027 0.4% 360 359
118 Sand Lake Apartments 4,400,000 4,364,206 0.3% 360 349
119 Mobile Estate Mobile Home Park 4,300,000 4,289,993 0.3% 360 357
120 Colonia Shopping Center 4,284,000 4,279,036 0.3% 360 359
121 Vista Ridge Center III 4,275,000 4,268,033 0.3% 360 358
122 Parkside East Apartments 4,200,000 4,190,128 0.3% 360 357
123 Northpark Village 4,120,000 4,106,388 0.3% 360 356
124 Breakers Apartments 4,096,000 4,079,323 0.3% 360 355
125 Picnic Lawn Apartments 4,000,000 3,993,174 0.3% 360 358
126 32nd Street and McDowell Road Shopping Center 4,000,000 3,987,170 0.3% 360 356
<CAPTION>
Original Remaining
Term to Term to First
Maturity Maturity Mortgage Monthly Payment
# Property Name (months)(7) (months)(7) Rate Payment Date
- ------------- ----------- ----------- ---- ------- ----
<S> <C> <C> <C> <C> <C>
64 Hollywood Plaza 120 116 7.150% 54,707.95 12/01/98
65 50-60 Worcester Rd. 120 119 7.680% 56,926.49 03/01/99
66 Mahwah Business Park 120 113 7.220% 57,670.02 09/01/98
67 Silvernail Shopping Center 120 119 7.280% 53,423.29 03/01/99
68 Tech Center 29 Office/Warehouse Complex 120 119 7.330% 55,325.64 03/01/99
69 Centre North Shopping Center 120 116 7.250% 51,845.40 12/01/98
70 Cranbrook Centre Apartments (1H) 120 118 7.480% 34,368.89 02/01/99
71 Cranbrook Centre Office Buildings (1H) 120 118 7.480% 17,446.14 02/01/99
72 Lubbock Shopping Parkade 120 118 7.750% 52,856.90 02/01/99
73 Marin Club Apartments 120 118 7.730% 52,626.26 02/01/99
74 Prunedale Center 120 116 7.250% 49,614.68 12/01/98
75 Lamplighter Ontario MHP 60 58 7.340% 49,212.83 02/01/99
76 Marycrest Shopping Center (3) 120 117 7.780% 50,294.05 01/01/99
77 Elm Plaza Shopping Center 120 116 7.750% 50,148.86 12/01/98
78 Century Plaza East 120 117 7.000% 46,152.03 01/01/99
79 Keller Springs Tech Center 120 118 7.410% 47,821.29 02/01/99
80 Mobile Gardens/Holly View Mobile Home Park (1I) 120 116 6.680% 23,439.85 12/01/98
81 Stony Chase/Rock Creek Mobile Home Park (1I) 120 116 6.680% 12,363.88 12/01/98
82 Briarwood Manor (1I) 120 116 6.680% 8,628.96 12/01/98
83 Tierra Verde Marine Center 120 112 7.330% 50,229.86 08/01/98
84 Aurora Square 120 117 7.000% 44,708.33 01/01/99
85 Merchant's Square (4) 120 118 7.150% 45,508.18 02/01/99
86 Northwood Hills Shopping Center 120 119 7.570% 45,760.91 03/01/99
87 36th Street Office Center 120 118 7.550% 45,671.69 02/01/99
88 Fifth Avenue Apartments 120 118 7.160% 43,269.28 02/01/99
89 The Watermill Apartments 120 116 7.180% 43,355.83 12/01/98
90 Brooks Corner 120 120 7.610% 47,008.15 04/01/99
91 Hollywood Ardmore Apartments 120 117 7.800% 44,991.91 01/01/99
92 Chasewood Apartments 120 118 7.290% 42,189.31 02/01/99
93 Kingsgate North 120 116 7.000% 39,119.79 12/01/98
94 Fairfield Suites Pittsburgh/Airport 120 119 7.660% 43,766.70 03/01/99
95 Seatree Apartments 120 118 7.290% 39,997.66 02/01/99
96 All Aboard Mini Storage - Alhambra 120 115 7.190% 38,516.73 11/01/98
97 West Century Center 120 119 7.780% 40,235.24 03/01/99
98 Universal Plaza 120 118 7.650% 39,449.00 02/01/99
99 Crestview Market Place 120 116 7.000% 36,591.64 12/01/98
100 New Franklin Apartments 120 116 6.250% 41,703.84 12/01/98
101 Windjammer Apartments 120 119 7.460% 36,397.92 03/01/99
102 Woodlake Village Apartments 120 115 6.660% 33,673.65 11/01/98
103 Comfort Inn - Hopewell, VA 120 117 7.375% 38,005.74 01/01/99
104 Linens N Things 240 229 6.950% 35,597.06 05/01/98
105 The Woods Apartments 120 118 7.220% 34,333.60 02/01/99
106 Moonlight Garden Apartments 120 118 7.730% 35,658.58 02/01/99
107 Sagamore Court Apartments 120 118 6.920% 32,798.94 02/01/99
108 Carriage Hill Apartments 120 117 7.000% 32,865.94 01/01/99
109 Dowling Office Building 120 118 7.400% 33,303.47 02/01/99
110 Main Street Plaza Shopping Center 120 116 7.000% 31,748.24 12/01/98
111 Friendship Crossing Apartments 120 118 7.430% 32,020.05 02/01/99
112 Spruce Properties (1J) 120 117 7.600% 13,944.98 01/01/99
113 Oak Grove Apartments (1J) 120 117 7.600% 10,414.60 01/01/99
114 Aldrich Apartments (1J) 120 117 7.600% 7,413.78 01/01/99
115 One Bellemead Center 120 117 7.910% 32,715.69 01/01/99
116 Denver Tech Center #30 120 117 7.000% 29,772.29 01/01/99
117 Preston Racquet Club Condominiums and Apartments 120 119 7.790% 31,571.93 03/01/99
118 Sand Lake Apartments 300 289 7.180% 29,807.13 05/01/98
119 Mobile Estate Mobile Home Park 180 177 7.300% 29,479.55 01/01/99
120 Colonia Shopping Center 120 119 7.500% 29,954.35 03/01/99
121 Vista Ridge Center III 120 118 7.750% 30,626.62 02/01/99
122 Parkside East Apartments 120 117 7.250% 28,651.40 01/01/99
123 Northpark Village 120 116 7.000% 27,410.46 12/01/98
124 Breakers Apartments 120 115 6.850% 26,839.42 11/01/98
125 Picnic Lawn Apartments 120 118 7.460% 27,859.10 02/01/99
126 32nd Street and McDowell Road Shopping Center 120 116 7.150% 27,016.27 12/01/98
<CAPTION>
Maturity Prepayment Provision Defeasance
# Property Name Date ARD(8) as of Origination (9) Option(10)
- ------------- ---- ------ --------------------- ----------
<S> <C> <C> <C> <C>
64 Hollywood Plaza 11/01/28 11/01/08 L (9.75), O (0.25) Yes
65 50-60 Worcester Rd. 02/01/09 L (9.75), O (0.25) Yes
66 Mahwah Business Park 08/01/08 L (9.5), O (0.5) Yes
67 Silvernail Shopping Center 02/01/09 L (9.67), O (0.33) Yes
68 Tech Center 29 Office/Warehouse Complex 02/01/09 L (9.5), O (0.5) Yes
69 Centre North Shopping Center 11/01/08 L (9.75), O (0.25) Yes
70 Cranbrook Centre Apartments (1H) 01/01/09 L (9.5), O (0.5) Yes
71 Cranbrook Centre Office Buildings (1H) 01/01/09 L (9.5), O (0.5) Yes
72 Lubbock Shopping Parkade 01/01/09 L (9.75), O (0.25) Yes
73 Marin Club Apartments 01/01/09 L (9.75), O (0.25) Yes
74 Prunedale Center 11/01/28 11/01/08 L (9.75), O (0.25) Yes
75 Lamplighter Ontario MHP 01/01/04 L (4.75), O (0.25) Yes
76 Marycrest Shopping Center (3) 12/01/08 L (9.5), O (0.5) Yes
77 Elm Plaza Shopping Center 11/01/08 L (9.5), O (0.5) Yes
78 Century Plaza East 12/01/08 L (9.75), O (0.25) Yes
79 Keller Springs Tech Center 01/01/09 L (9.75), O (0.25) Yes
80 Mobile Gardens/Holly View Mobile Home Park (1I) 11/01/28 11/01/08 L (9.75), O (0.25) Yes
81 Stony Chase/Rock Creek Mobile Home Park (1I) 11/01/28 11/01/08 L (9.75), O (0.25) Yes
82 Briarwood Manor (1I) 11/01/28 11/01/08 L (9.75), O (0.25) Yes
83 Tierra Verde Marine Center 07/01/23 07/01/08 L (9.5), O (0.5) Yes
84 Aurora Square 12/01/08 L (9.75), O (0.25) Yes
85 Merchant's Square (4) 01/01/09 L (9.5), O (0.5) Yes
86 Northwood Hills Shopping Center 02/01/09 L (9.5), O (0.5) Yes
87 36th Street Office Center 01/01/09 L (9.75), O (0.25) Yes
88 Fifth Avenue Apartments 01/01/09 L (9.5), O (0.5) Yes
89 The Watermill Apartments 11/01/08 L (9.5), O (0.5) Yes
90 Brooks Corner 03/01/09 L (9.5), O (0.5) Yes
91 Hollywood Ardmore Apartments 12/01/08 L (9.5), O (0.5) Yes
92 Chasewood Apartments 01/01/09 L (9.75), O (0.25) Yes
93 Kingsgate North 11/01/08 L (9.75), O (0.25) Yes
94 Fairfield Suites Pittsburgh/Airport 02/01/09 L (9.75), O (0.25) Yes
95 Seatree Apartments 01/01/09 L (9.75), O (0.25) Yes
96 All Aboard Mini Storage - Alhambra 10/01/28 10/01/08 L (9.75), O (0.25) Yes
97 West Century Center 02/01/09 L (9.75), O (0.25) Yes
98 Universal Plaza 01/01/09 L (9.75), O (0.25) Yes
99 Crestview Market Place 11/01/08 L (9.75), O (0.25) Yes
100 New Franklin Apartments 11/01/08 L (9.5), O (0.5) Yes
101 Windjammer Apartments 02/01/09 L (9.5), O (0.5) Yes
102 Woodlake Village Apartments 10/01/08 L (9.5), O (0.5) Yes
103 Comfort Inn - Hopewell, VA 12/01/08 L (9.5), O (0.5) Yes
104 Linens N Things 04/01/25 04/01/18 L (9.92), YM 1% (9.58), O (0.5) No
105 The Woods Apartments 01/01/09 L (9.75), O (0.25) Yes
106 Moonlight Garden Apartments 01/01/09 L (9.75), O (0.25) Yes
107 Sagamore Court Apartments 01/01/09 L (9.5), O (0.5) Yes
108 Carriage Hill Apartments 12/01/08 L (9.5), O (0.5) Yes
109 Dowling Office Building 01/01/09 L (9.75), O (0.25) Yes
110 Main Street Plaza Shopping Center 11/01/08 11/01/08 L (9.75), O (0.25) Yes
111 Friendship Crossing Apartments 01/01/09 L (9.75), O (0.25) Yes
112 Spruce Properties (1J) 12/01/08 L (9.5), O (0.5) Yes
113 Oak Grove Apartments (1J) 12/01/08 L (9.5), O (0.5) Yes
114 Aldrich Apartments (1J) 12/01/08 L (9.5), O (0.5) Yes
115 One Bellemead Center 12/01/08 L (9.67), O (0.33) Yes
116 Denver Tech Center #30 01/01/09 L (9.75), O (0.25) Yes
117 Preston Racquet Club Condominiums and Apartments 02/01/09 L (9.75), O (0.25) Yes
118 Sand Lake Apartments 04/01/23 L (9.92), YM 1% (14.83), O (0.25) No
119 Mobile Estate Mobile Home Park 12/01/13 L (14.5), O (0.5) Yes
120 Colonia Shopping Center 02/01/09 L (9.67), O (0.33) Yes
121 Vista Ridge Center III 01/01/09 L (9.75), O (0.25) Yes
122 Parkside East Apartments 12/01/08 L (9.75), O (0.25) Yes
123 Northpark Village 11/01/08 L (9.75), O (0.25) Yes
124 Breakers Apartments 10/01/28 10/01/08 L (9.5), O (0.5) Yes
125 Picnic Lawn Apartments 01/01/09 L (9.75), O (0.25) Yes
126 32nd Street and McDowell Road Shopping Center 11/01/08 L (9.75), O (0.25) Yes
</TABLE>
<PAGE>
Characteristics of the Mortgage Loans
<TABLE>
<CAPTION>
Original Remaining
Original Cut-off Percentage of Amortization Amortization
Principal Date Initial Term Term
# Property Name Balance Balance (6) Pool Balance (months) (months)
- ------------- ------- ----------- ------------ -------- --------
<S> <C> <C> <C> <C> <C>
127 Triangle Corporate Center 4,000,000 3,985,516 0.3% 360 356
128 One West Hills Office 3,950,000 3,943,084 0.3% 360 358
129 Harper Regency Apartments 3,975,000 3,942,885 0.3% 360 349
130 Heritage Green Shopping Center 3,850,000 3,843,471 0.3% 360 358
131 Captain's Landing Apartments 3,811,000 3,802,289 0.3% 360 357
132 All Aboard Mini Storage - Fremont 3,800,000 3,785,612 0.3% 360 355
133 Century Plaza Strip Shopping Center (1K) 2,100,000 2,088,575 0.2% 300 296
134 Albany Square Strip Shopping Center (1K) 1,700,000 1,690,751 0.1% 300 296
135 Larrabee Complex 3,700,000 3,685,680 0.3% 300 297
136 Cedar Garden Apartments 3,680,000 3,673,780 0.3% 360 358
137 All Aboard Mini Storage - Stanton 3,680,000 3,666,066 0.3% 360 355
138 Windtree Apartments - Phase I 3,600,000 3,593,944 0.3% 360 358
139 Lake City Mini-Storage 3,600,000 3,582,501 0.3% 300 296
140 Huntington Mobile Estates 3,500,000 3,488,993 0.3% 360 356
141 Everhart Park Shopping Center 3,500,000 3,488,424 0.3% 360 356
142 Rafael North Executive Park 3,500,000 3,484,424 0.3% 324 320
143 Westwind Estates 3,448,000 3,440,039 0.3% 360 357
144 Hewlett Shopping Center 3,400,000 3,392,008 0.3% 360 357
145 Forest Park Village 3,280,000 3,273,025 0.3% 360 357
146 2700 Richards Building 3,243,000 3,239,230 0.3% 360 359
147 Lincoln Park Center 3,219,000 3,211,916 0.3% 360 357
148 Cedar Heights Apartments 3,100,000 3,096,364 0.2% 360 359
149 The North Oak Apartments 3,100,000 3,096,333 0.2% 360 359
150 Arrowhead Court Apartments 3,100,000 3,089,758 0.2% 360 356
151 The Citibank Building 3,100,000 3,089,758 0.2% 360 356
152 Petco/Starbucks S/C 3,085,000 3,078,211 0.2% 360 357
153 1870 Ogden Drive 3,080,000 3,076,465 0.2% 360 359
154 Woodland Park Office Building 3,050,000 3,043,676 0.2% 360 357
155 Costa Mesa Mobile Estates 3,000,000 2,996,361 0.2% 360 359
156 Tree Top Apartments 3,000,000 2,996,535 0.2% 360 359
157 Greenville Village Mobile Home Park 3,000,000 2,992,519 0.2% 300 298
158 Brookwood Village 3,000,000 2,989,241 0.2% 360 356
159 Rose Grove Mobile Home Park 3,000,000 2,987,966 0.2% 360 355
160 Little River Shopping Center 2,960,000 2,956,573 0.2% 360 359
161 The Amberton Apartments 2,900,000 2,890,880 0.2% 360 356
162 Best Western Worlds of Fun 2,897,000 2,890,249 0.2% 300 298
163 All Aboard Mini Storage - Anaheim 2,900,000 2,889,020 0.2% 360 355
164 Waterway Crossing Apartments 2,850,000 2,824,908 0.2% 360 349
165 The Borders Building 2,850,000 2,823,462 0.2% 180 177
166 Ken-Caryl Business Center 2,830,000 2,819,285 0.2% 360 355
167 Alta Vista Mobile Home Park 2,800,000 2,795,415 0.2% 360 358
168 Palm Springs Self Storage 2,800,000 2,790,696 0.2% 300 297
169 Holiday Inn Express Auburn 2,800,000 2,789,581 0.2% 300 297
170 Caruth Haven Retail Center 2,800,000 2,789,237 0.2% 360 355
171 3456 Ridge Property 2,800,000 2,788,732 0.2% 360 356
172 Campus Plaza Shopping Center 2,750,000 2,741,352 0.2% 360 356
173 All Aboard Mini Storage - San Gabriel 2,740,000 2,729,625 0.2% 360 355
174 Point O' Woods Apartments 2,720,000 2,716,809 0.2% 360 359
175 Williamsburg on the Lake Apartments 2,743,468 2,694,425 0.2% 300 285
176 Airport Business Center 2,700,000 2,693,962 0.2% 360 357
177 Staples - Wilmington 2,680,000 2,676,919 0.2% 360 359
178 Felicita Junction 2,675,000 2,671,870 0.2% 360 359
179 The Bordeaux Apartments 2,680,000 2,666,424 0.2% 360 355
180 High Point Village I Apartments 2,650,000 2,650,000 0.2% 360 360
181 Assured Self Storage Facility 2,650,000 2,643,825 0.2% 300 298
182 Staples - Valparaiso 2,560,000 2,557,057 0.2% 360 359
183 Fruitland Grove Family Park 2,520,000 2,505,622 0.2% 360 352
184 Centennial Creek Office Park 2,500,000 2,493,826 0.2% 360 357
185 Park Lane Village Apartments (1L) 1,350,000 1,345,453 0.1% 300 297
186 Rynearson Lane Village Apartments (1L) 1,150,000 1,146,126 0.1% 300 297
187 Holiday Inn Express Ottawa 2,500,000 2,490,697 0.2% 300 297
188 Ross Apartments 2,500,000 2,488,010 0.2% 360 355
189 339 S. Ardmore Apartments 2,500,000 2,487,451 0.2% 360 354
<CAPTION>
Original Remaining
Term to Term to First
Maturity Maturity Mortgage Monthly Payment
# Property Name (months)(7) (months)(7) Rate Payment Date
- ------------- ----------- ----------- ---- ------- ----
<S> <C> <C> <C> <C> <C>
127 Triangle Corporate Center 120 116 6.530% 25,361.69 12/01/98
128 One West Hills Office 120 118 7.300% 27,080.05 02/01/99
129 Harper Regency Apartments 300 289 7.210% 27,008.75 05/01/98
130 Heritage Green Shopping Center 120 118 7.500% 26,919.76 02/01/99
131 Captain's Landing Apartments 89 86 7.390% 26,360.60 01/01/99
132 All Aboard Mini Storage - Fremont 120 115 7.190% 25,768.23 11/01/98
133 Century Plaza Strip Shopping Center (1K) 120 116 6.430% 14,087.63 12/01/98
134 Albany Square Strip Shopping Center (1K) 120 116 6.430% 11,404.27 12/01/98
135 Larrabee Complex 120 117 6.750% 25,563.73 01/01/99
136 Cedar Garden Apartments 120 118 7.520% 25,781.51 02/01/99
137 All Aboard Mini Storage - Stanton 120 115 7.190% 24,954.50 11/01/98
138 Windtree Apartments - Phase I 120 118 7.550% 25,295.09 02/01/99
139 Lake City Mini-Storage 120 116 7.150% 25,789.57 12/01/98
140 Huntington Mobile Estates 120 116 7.250% 23,876.17 12/01/98
141 Everhart Park Shopping Center 120 116 7.000% 23,285.59 12/01/98
142 Rafael North Executive Park 120 116 6.680% 23,348.17 12/01/98
143 Westwind Estates 120 117 7.340% 23,732.29 01/01/99
144 Hewlett Shopping Center 120 117 7.250% 23,193.99 01/01/99
145 Forest Park Village 120 117 7.750% 23,498.32 01/01/99
146 2700 Richards Building 120 119 7.460% 22,586.77 03/01/99
147 Lincoln Park Center 120 117 7.580% 22,684.31 01/01/99
148 Cedar Heights Apartments 120 119 7.350% 21,358.14 03/01/99
149 The North Oak Apartments 120 119 7.250% 21,147.46 03/01/99
150 Arrowhead Court Apartments 120 116 7.000% 20,624.38 12/01/98
151 The Citibank Building 120 116 7.000% 20,624.38 12/01/98
152 Petco/Starbucks S/C 120 117 7.580% 21,740.02 01/01/99
153 1870 Ogden Drive 120 119 7.620% 21,789.45 03/01/99
154 Woodland Park Office Building 120 117 7.875% 22,114.62 01/01/99
155 Costa Mesa Mobile Estates 120 119 6.960% 19,878.55 03/01/99
156 Tree Top Apartments 120 119 7.540% 21,058.67 03/01/99
157 Greenville Village Mobile Home Park 120 118 7.500% 22,169.74 02/01/99
158 Brookwood Village 120 116 6.580% 19,120.15 12/01/98
159 Rose Grove Mobile Home Park 120 115 6.920% 19,798.15 11/01/98
160 Little River Shopping Center 144 143 7.510% 20,717.02 03/01/99
161 The Amberton Apartments 120 116 7.250% 19,783.11 12/01/98
162 Best Western Worlds of Fun 120 118 8.000% 22,359.52 02/01/99
163 All Aboard Mini Storage - Anaheim 120 115 7.190% 19,665.23 11/01/98
164 Waterway Crossing Apartments 180 169 6.830% 18,636.86 05/01/98
165 The Borders Building 120 117 7.250% 26,016.59 01/01/99
166 Ken-Caryl Business Center 120 115 7.190% 19,190.55 11/01/98
167 Alta Vista Mobile Home Park 84 82 7.720% 20,001.53 02/01/99
168 Palm Springs Self Storage 120 117 7.710% 21,075.73 01/01/99
169 Holiday Inn Express Auburn 120 117 7.000% 19,789.82 01/01/99
170 Caruth Haven Retail Center 120 115 7.120% 18,854.67 11/01/98
171 3456 Ridge Property 120 116 5.980% 16,751.43 12/01/98
172 Campus Plaza Shopping Center 120 116 7.250% 18,759.85 12/01/98
173 All Aboard Mini Storage - San Gabriel 120 115 7.190% 18,580.25 11/01/98
174 Point O' Woods Apartments 120 119 7.350% 18,740.04 03/01/99
175 Williamsburg on the Lake Apartments 120 105 7.500% 20,275.53 01/01/98
176 Airport Business Center 120 117 7.500% 18,878.79 01/01/99
177 Staples - Wilmington 120 119 7.600% 18,922.80 03/01/99
178 Felicita Junction 120 119 7.380% 18,484.68 03/01/99
179 The Bordeaux Apartments 120 115 5.960% 15,999.10 11/01/98
180 High Point Village I Apartments 120 120 7.630% 18,765.65 04/01/99
181 Assured Self Storage Facility 120 118 8.000% 20,453.13 02/01/99
182 Staples - Valparaiso 120 119 7.600% 18,075.51 03/01/99
183 Fruitland Grove Family Park 120 112 7.280% 17,242.15 08/01/98
184 Centennial Creek Office Park 120 117 7.000% 16,632.56 01/01/99
185 Park Lane Village Apartments (1L) 120 117 7.625% 10,086.40 01/01/99
186 Rynearson Lane Village Apartments (1L) 120 117 7.625% 8,592.12 01/01/99
187 Holiday Inn Express Ottawa 120 117 7.000% 17,669.48 01/01/99
188 Ross Apartments 120 115 6.060% 15,085.34 11/01/98
189 339 S. Ardmore Apartments 120 114 6.970% 16,582.22 10/01/98
<CAPTION>
Maturity Prepayment Provision Defeasance
# Property Name Date ARD(8) as of Origination (9) Option(10)
- ------------- ---- ------ --------------------- ----------
<S> <C> <C> <C> <C>
127 Triangle Corporate Center 11/01/28 11/01/08 L (9.75), O (0.25) Yes
128 One West Hills Office 01/01/09 L (9.75), O (0.25) Yes
129 Harper Regency Apartments 04/01/23 L (7.92), YM 1% (16.83), O (0.25) No
130 Heritage Green Shopping Center 01/01/09 L (9.75), O (0.25) Yes
131 Captain's Landing Apartments 05/01/06 L (4), YM 1% (2.92), O (0.5) No
132 All Aboard Mini Storage - Fremont 10/01/28 10/01/08 L (9.75), O (0.25) Yes
133 Century Plaza Strip Shopping Center (1K) 11/01/08 L (9.5), O (0.5) Yes
134 Albany Square Strip Shopping Center (1K) 11/01/08 L (9.5), O (0.5) Yes
135 Larrabee Complex 12/01/08 L (9.5), O (0.5) Yes
136 Cedar Garden Apartments 01/01/09 L (9.75), O (0.25) Yes
137 All Aboard Mini Storage - Stanton 10/01/28 10/01/08 L (9.75), O (0.25) Yes
138 Windtree Apartments - Phase I 01/01/09 L (9.75), O (0.25) Yes
139 Lake City Mini-Storage 11/01/08 L (9.75), O (0.25) Yes
140 Huntington Mobile Estates 11/01/28 11/01/08 L (9.75), O (0.25) Yes
141 Everhart Park Shopping Center 11/01/28 11/01/08 L (9.67), O (0.33) Yes
142 Rafael North Executive Park 11/01/08 L (9.75), O (0.25) Yes
143 Westwind Estates 12/01/28 12/01/08 L (9.75), O (0.25) Yes
144 Hewlett Shopping Center 12/01/08 L (9.75), O (0.25) Yes
145 Forest Park Village 12/01/08 L (9.75), O (0.25) Yes
146 2700 Richards Building 02/01/09 L (9.75), O (0.25) Yes
147 Lincoln Park Center 12/01/08 L (9.5), O (0.5) Yes
148 Cedar Heights Apartments 02/01/09 L (9.75), O (0.25) Yes
149 The North Oak Apartments 02/01/09 L (9.75), O (0.25) Yes
150 Arrowhead Court Apartments 11/01/08 L (9.75), O (0.25) Yes
151 The Citibank Building 11/01/28 11/01/08 L (9.75), O (0.25) Yes
152 Petco/Starbucks S/C 12/01/08 L (9.75), O (0.25) Yes
153 1870 Ogden Drive 02/01/09 L (9.75), O (0.25) Yes
154 Woodland Park Office Building 12/01/08 L (9.5), O (0.5) Yes
155 Costa Mesa Mobile Estates 02/01/09 L (9.5), O (0.5) Yes
156 Tree Top Apartments 02/01/09 L (9.75), O (0.25) Yes
157 Greenville Village Mobile Home Park 01/01/09 L (9.5), O (0.5) Yes
158 Brookwood Village 11/01/08 L (9.75), O (0.25) Yes
159 Rose Grove Mobile Home Park 10/01/28 10/01/08 L (9.5), O (0.5) Yes
160 Little River Shopping Center 02/01/11 L (11.67), O (0.33) Yes
161 The Amberton Apartments 11/01/08 L (9.5), O (0.5) Yes
162 Best Western Worlds of Fun 01/01/09 L (9.75), O (0.25) Yes
163 All Aboard Mini Storage - Anaheim 10/01/28 10/01/08 L (9.75), O (0.25) Yes
164 Waterway Crossing Apartments 04/01/28 04/01/13 L (4.92), YM 1% (9.83), O (0.25) No
165 The Borders Building 12/01/08 L (9.75), O (0.25) Yes
166 Ken-Caryl Business Center 10/01/28 10/01/08 L (9.75), O (0.25) Yes
167 Alta Vista Mobile Home Park 01/01/06 L (6.75), O (0.25) Yes
168 Palm Springs Self Storage 12/01/08 L (9.75), O (0.25) Yes
169 Holiday Inn Express Auburn 12/01/08 L (9.5), O (0.5) Yes
170 Caruth Haven Retail Center 10/01/28 10/01/08 L (9.75), O (0.25) Yes
171 3456 Ridge Property 11/01/28 11/01/08 L (9.75), O (0.25) Yes
172 Campus Plaza Shopping Center 11/01/28 11/01/08 L (3), YM 1% (6.5), O (0.5) No
173 All Aboard Mini Storage - San Gabriel 10/01/28 10/01/08 L (9.75), O (0.25) Yes
174 Point O' Woods Apartments 02/01/09 L (9.75), O (0.25) Yes
175 Williamsburg on the Lake Apartments 12/01/07 L (3), YM 1% (7) No
176 Airport Business Center 12/01/08 L (9.5), O (0.5) Yes
177 Staples - Wilmington 02/01/09 L (9.75), O (0.25) Yes
178 Felicita Junction 02/01/09 L (9.75), O (0.25) Yes
179 The Bordeaux Apartments 10/01/28 10/01/08 L (9.67), O (0.33) Yes
180 High Point Village I Apartments 03/01/09 L (9.5), O (0.5) Yes
181 Assured Self Storage Facility 01/01/09 L (9.75), O (0.25) Yes
182 Staples - Valparaiso 02/01/09 L (9.75), O (0.25) Yes
183 Fruitland Grove Family Park 07/01/28 07/01/08 L (4), YM 1% (5.75), O (0.25) No
184 Centennial Creek Office Park 12/01/08 L (9.75), O (0.25) Yes
185 Park Lane Village Apartments (1L) 12/01/08 L (9.5), O (0.5) Yes
186 Rynearson Lane Village Apartments (1L) 12/01/08 L (9.5), O (0.5) Yes
187 Holiday Inn Express Ottawa 12/01/08 L (9.5), O (0.5) Yes
188 Ross Apartments 10/01/28 10/01/08 L (9.75), O (0.25) Yes
189 339 S. Ardmore Apartments 09/01/28 09/01/08 L (9.75), O (0.25) Yes
</TABLE>
<PAGE>
Characteristics of the Mortgage Loans
<TABLE>
<CAPTION>
Original Remaining
Original Cut-off Percentage of Amortization Amortization
Principal Date Initial Term Term
# Property Name Balance Balance (6) Pool Balance (months) (months)
- ------------- ------- ----------- ------------ -------- --------
<S> <C> <C> <C> <C> <C>
190 Edgewater Beach Resort 2,493,000 2,487,007 0.2% 300 298
191 Fondren Hill Apartments 2,450,000 2,438,627 0.2% 360 355
192 Cottonwood Plaza 2,400,000 2,394,370 0.2% 360 357
193 Southport Shops 2,400,000 2,392,453 0.2% 360 356
194 Hawthorne Hill Apartments 2,400,000 2,389,375 0.2% 360 355
195 Days Inn Waccamaw 2,400,000 2,387,655 0.2% 300 296
196 Turtle Oaks Apartments 2,344,000 2,341,262 0.2% 360 359
197 Linden Place Mobile Home Park 2,325,000 2,313,654 0.2% 300 296
198 Moore Lake Commons Shopping Center 2,300,000 2,295,187 0.2% 360 357
199 Imperial Manor West Apartments 2,300,000 2,281,127 0.2% 300 293
200 Brown School Station Apts. 2,260,000 2,249,293 0.2% 360 354
201 South Street Seaport Office Center 2,250,000 2,242,342 0.2% 300 297
202 Hathaway Commerce Center 2,200,000 2,195,081 0.2% 360 357
203 Corinthian Apartments 2,200,000 2,187,615 0.2% 360 353
204 Walgreen's Drug Store - Swansea 2,190,000 2,184,954 0.2% 360 357
205 Catalina Apartments 2,176,000 2,172,345 0.2% 360 358
206 Devonshire Square Retail Center 2,125,000 2,118,371 0.2% 300 297
207 1440 N. Vine Street 2,100,000 2,093,062 0.2% 360 356
208 College Park Apartments 2,100,000 2,088,510 0.2% 360 353
209 Country Brooke Apartments 2,067,000 2,055,765 0.2% 360 353
210 Hillside View Apartments 2,050,000 2,038,134 0.2% 240 237
211 Benihana Restaurant 2,000,000 1,996,924 0.2% 300 299
212 Crosswinds Apartments 2,000,000 1,996,476 0.2% 360 358
213 Imperial Plaza Retail Center 2,000,000 1,995,314 0.2% 300 298
214 Twin Lakes Mobile Home Park 2,000,000 1,992,704 0.2% 300 297
215 Antietam Village Center 2,000,000 1,990,431 0.2% 300 296
216 Gateway Shoppes 2,000,000 1,989,534 0.2% 300 296
217 Red Onion Building 2,000,000 1,989,353 0.2% 300 296
218 526 South Ardmore Avenue 2,000,000 1,985,158 0.2% 360 351
219 All Aboard Mini Storage - Santa Ana 1,894,000 1,886,829 0.2% 360 355
220 Villa East I & II 1,870,000 1,867,888 0.1% 360 359
221 Courtyard Apartments 1,850,000 1,846,761 0.1% 360 358
222 Sunset View Village Apartments 1,852,000 1,845,711 0.1% 360 356
223 Wilmington Plaza 1,845,000 1,841,901 0.1% 360 358
224 The Nations Bank Building 1,850,000 1,840,216 0.1% 240 237
225 Quail Ridge Apartments 1,840,000 1,829,799 0.1% 360 353
226 Best Western KCI Airport 1,826,000 1,821,745 0.1% 300 298
227 Laurel Heights Apartments 1,800,000 1,790,996 0.1% 360 354
228 El Monte Mobile Air Mobile Home Park 1,800,000 1,789,682 0.1% 360 352
229 Harold Gilstrap Shopping Center 1,800,000 1,786,750 0.1% 300 294
230 Lakeside Apartments 1,800,000 1,781,950 0.1% 216 212
231 Park Glen Apartments 1,750,000 1,744,104 0.1% 360 356
232 St. Lucie Mobile Village 1,750,000 1,743,616 0.1% 300 297
233 Ravenscroft Apartments 1,750,000 1,740,783 0.1% 360 354
234 Coach Country Corral MHP 1,750,000 1,733,966 0.1% 300 292
235 Seaside Village Shopping Center 1,725,000 1,722,395 0.1% 300 299
236 Sherwood Park Apartments 1,700,000 1,696,004 0.1% 360 357
237 Ravenna Plaza 1,701,000 1,695,492 0.1% 300 297
238 Holiday Inn Express Oglesby 1,700,000 1,693,674 0.1% 300 297
239 Central/Magnolia Retail Center 1,695,000 1,688,244 0.1% 360 355
240 Rolling Hills Estates 1,700,000 1,686,359 0.1% 300 293
241 Saticoy-Royale Apartments 1,670,000 1,664,748 0.1% 360 356
242 Holiday/Park Riviera Mobile Home Park 1,645,000 1,637,436 0.1% 300 296
243 Gottschalk's Department Store 1,610,000 1,602,597 0.1% 300 296
244 Justin Apartments 1,600,000 1,597,176 0.1% 360 358
245 Fountain Square Apartments 1,600,000 1,595,872 0.1% 300 298
246 383 St. Johns Place 1,600,000 1,594,755 0.1% 360 356
247 Days Inn 1,600,000 1,592,690 0.1% 300 296
248 Market Plaza 1,575,000 1,563,876 0.1% 252 248
249 Michigan Plaza & Bender Plaza 1,550,000 1,546,334 0.1% 300 298
250 Mockingbird Park Retail Building 1,540,000 1,534,709 0.1% 360 356
251 Poolesville Village Center 1,525,000 1,520,437 0.1% 360 356
252 Executive Park Offices 1,501,000 1,499,290 0.1% 360 359
<CAPTION>
Original Remaining
Term to Term to First
Maturity Maturity Mortgage Monthly Payment
# Property Name (months)(7) (months)(7) Rate Payment Date
- ------------- ----------- ----------- ---- ------- ----
<S> <C> <C> <C> <C> <C>
190 Edgewater Beach Resort 120 118 7.770% 18,863.09 02/01/99
191 Fondren Hill Apartments 120 115 6.220% 15,037.30 11/01/98
192 Cottonwood Plaza 120 117 7.260% 16,388.51 01/01/99
193 Southport Shops 120 116 7.250% 16,372.23 12/01/98
194 Hawthorne Hill Apartments 120 115 6.450% 15,090.80 11/01/98
195 Days Inn Waccamaw 120 116 6.790% 16,642.55 12/01/98
196 Turtle Oaks Apartments 120 119 7.400% 16,229.38 03/01/99
197 Linden Place Mobile Home Park 120 116 7.125% 16,618.48 12/01/98
198 Moore Lake Commons Shopping Center 120 117 7.830% 16,604.81 01/01/99
199 Imperial Manor West Apartments 120 113 7.130% 16,447.16 09/01/98
200 Brown School Station Apts. 120 114 7.050% 15,111.80 10/01/98
201 South Street Seaport Office Center 120 117 7.560% 16,715.21 01/01/99
202 Hathaway Commerce Center 120 117 7.500% 15,382.72 01/01/99
203 Corinthian Apartments 120 113 6.840% 14,401.02 09/01/98
204 Walgreen's Drug Store - Swansea 120 117 7.350% 15,088.49 01/01/99
205 Catalina Apartments 120 118 7.560% 15,304.41 02/01/99
206 Devonshire Square Retail Center 120 117 8.100% 16,542.11 01/01/99
207 1440 N. Vine Street 120 116 7.000% 13,971.35 12/01/98
208 College Park Apartments 120 113 6.970% 13,929.07 09/01/98
209 Country Brooke Apartments 120 113 7.000% 13,751.80 09/01/98
210 Hillside View Apartments 240 237 7.000% 15,893.63 01/01/99
211 Benihana Restaurant 120 119 7.650% 14,975.51 03/01/99
212 Crosswinds Apartments 120 118 7.260% 13,657.09 02/01/99
213 Imperial Plaza Retail Center 120 118 7.960% 15,383.37 02/01/99
214 Twin Lakes Mobile Home Park 120 117 7.125% 14,295.46 01/01/99
215 Antietam Village Center 120 116 7.250% 14,456.14 12/01/98
216 Gateway Shoppes 120 116 6.680% 13,729.95 12/01/98
217 Red Onion Building 120 116 6.570% 13,591.75 12/01/98
218 526 South Ardmore Avenue 120 111 7.090% 13,427.16 07/01/98
219 All Aboard Mini Storage - Santa Ana 120 115 7.190% 12,843.43 11/01/98
220 Villa East I & II 120 119 7.830% 13,500.44 03/01/99
221 Courtyard Apartments 120 118 7.300% 12,683.06 02/01/99
222 Sunset View Village Apartments 120 116 6.860% 12,147.77 12/01/98
223 Wilmington Plaza 120 118 7.560% 12,976.39 02/01/99
224 The Nations Bank Building 120 117 7.740% 15,176.14 01/01/99
225 Quail Ridge Apartments 120 113 6.910% 12,130.55 09/01/98
226 Best Western KCI Airport 120 118 8.000% 14,093.36 02/01/99
227 Laurel Heights Apartments 120 114 6.790% 11,722.67 10/01/98
228 El Monte Mobile Air Mobile Home Park 120 112 7.260% 12,291.38 08/01/98
229 Harold Gilstrap Shopping Center 120 114 6.960% 12,676.13 10/01/98
230 Lakeside Apartments 180 176 6.350% 14,003.72 12/01/98
231 Park Glen Apartments 120 116 6.900% 11,525.50 12/01/98
232 St. Lucie Mobile Village 120 117 7.125% 12,508.53 01/01/99
233 Ravenscroft Apartments 120 114 6.540% 11,107.27 10/01/98
234 Coach Country Corral MHP 120 112 7.190% 12,581.55 08/01/98
235 Seaside Village Shopping Center 120 119 7.880% 13,176.99 03/01/99
236 Sherwood Park Apartments 180 177 7.250% 11,597.00 01/01/99
237 Ravenna Plaza 120 117 7.870% 12,982.44 01/01/99
238 Holiday Inn Express Oglesby 120 117 7.000% 12,015.25 01/01/99
239 Central/Magnolia Retail Center 120 115 6.950% 11,220.02 11/01/98
240 Rolling Hills Estates 120 113 7.260% 12,298.67 09/01/98
241 Saticoy-Royale Apartments 120 116 7.250% 11,392.34 12/01/98
242 Holiday/Park Riviera Mobile Home Park 120 116 7.500% 12,156.40 12/01/98
243 Gottschalk's Department Store 120 116 7.500% 11,897.76 12/01/98
244 Justin Apartments 120 118 7.250% 10,914.82 02/01/99
245 Fountain Square Apartments 120 118 7.250% 11,564.91 02/01/99
246 383 St. Johns Place 120 116 7.040% 10,687.86 12/01/98
247 Days Inn 120 116 7.540% 11,865.52 12/01/98
248 Market Plaza 120 116 7.000% 11,945.93 12/01/98
249 Michigan Plaza & Bender Plaza 120 118 7.890% 11,850.42 02/01/99
250 Mockingbird Park Retail Building 120 116 6.800% 10,039.65 12/01/98
251 Poolesville Village Center 120 116 7.500% 10,663.02 12/01/98
252 Executive Park Offices 120 119 7.720% 10,722.25 03/01/99
<CAPTION>
Maturity Prepayment Provision Defeasance
# Property Name Date ARD(8) as of Origination (9) Option(10)
- ------------- ---- ------ --------------------- ----------
<S> <C> <C> <C> <C>
190 Edgewater Beach Resort 01/01/09 L (9.75), O (0.25) Yes
191 Fondren Hill Apartments 10/01/28 10/01/08 L (9.75), O (0.25) Yes
192 Cottonwood Plaza 12/01/08 L (9.75), O (0.25) Yes
193 Southport Shops 11/01/08 L (9.75), O (0.25) Yes
194 Hawthorne Hill Apartments 10/01/28 10/01/08 L (9.75), O (0.25) Yes
195 Days Inn Waccamaw 11/01/08 L (9.75), O (0.25) Yes
196 Turtle Oaks Apartments 02/01/09 L (9.75), O (0.25) Yes
197 Linden Place Mobile Home Park 11/01/08 L (9.5), O (0.5) Yes
198 Moore Lake Commons Shopping Center 12/01/08 L (9.5), O (0.5) Yes
199 Imperial Manor West Apartments 08/01/23 08/01/08 L (9.75), O (0.25) Yes
200 Brown School Station Apts. 09/01/28 09/01/08 L (9.75), O (0.25) Yes
201 South Street Seaport Office Center 12/01/08 L (9.5), O (0.5) Yes
202 Hathaway Commerce Center 12/01/08 L (9.5), O (0.5) Yes
203 Corinthian Apartments 08/01/28 08/01/08 L (9.75), O (0.25) Yes
204 Walgreen's Drug Store - Swansea 12/01/08 L (9.75), O (0.25) Yes
205 Catalina Apartments 01/01/09 L (9.75), O (0.25) Yes
206 Devonshire Square Retail Center 12/01/08 L (9.5), O (0.5) Yes
207 1440 N. Vine Street 11/01/08 L (9.75), O (0.25) Yes
208 College Park Apartments 08/01/28 08/01/08 L (9.75), O (0.25) Yes
209 Country Brooke Apartments 08/01/28 08/01/08 L (9.75), O (0.25) Yes
210 Hillside View Apartments 12/01/18 L (9.5), O (10.5) Yes
211 Benihana Restaurant 02/01/09 L (9.5), O (0.5) Yes
212 Crosswinds Apartments 01/01/09 L (9.5), O (0.5) Yes
213 Imperial Plaza Retail Center 01/01/09 L (4), YM 1% (5.75), O (0.25) No
214 Twin Lakes Mobile Home Park 12/01/08 L (9.5), O (0.5) Yes
215 Antietam Village Center 11/01/08 L (9.5), O (0.5) Yes
216 Gateway Shoppes 11/01/23 11/01/08 L (9.75), O (0.25) Yes
217 Red Onion Building 11/01/23 11/01/08 L (9.75), O (0.25) Yes
218 526 South Ardmore Avenue 06/01/08 L (9.75), O (0.25) Yes
219 All Aboard Mini Storage - Santa Ana 10/01/28 10/01/08 L (9.75), O (0.25) Yes
220 Villa East I & II 02/01/09 L (9.75), O (0.25) Yes
221 Courtyard Apartments 01/01/09 L (9.75), O (0.25) Yes
222 Sunset View Village Apartments 11/01/08 L (9.75), O (0.25) Yes
223 Wilmington Plaza 01/01/09 L (9.75), O (0.25) Yes
224 The Nations Bank Building 12/01/08 L (9.5), O (0.5) Yes
225 Quail Ridge Apartments 08/01/08 L (9.5), O (0.5) Yes
226 Best Western KCI Airport 01/01/09 L (9.75), O (0.25) Yes
227 Laurel Heights Apartments 09/01/28 09/01/08 L (9.75), O (0.25) Yes
228 El Monte Mobile Air Mobile Home Park 07/01/28 07/01/08 L (3.92), YM 1% (5.83), O (0.25) No
229 Harold Gilstrap Shopping Center 09/01/08 L (9.5), O (0.5) Yes
230 Lakeside Apartments 11/01/13 L (14.5), O (0.5) Yes
231 Park Glen Apartments 11/01/08 L (9.5), O (0.5) Yes
232 St. Lucie Mobile Village 12/01/08 L (9.5), O (0.5) Yes
233 Ravenscroft Apartments 09/01/08 L (9.5), O (0.5) Yes
234 Coach Country Corral MHP 07/01/08 L (9.5), O (0.5) Yes
235 Seaside Village Shopping Center 02/01/09 L (9.5), O (0.5) Yes
236 Sherwood Park Apartments 12/01/13 L (14.5), O (0.5) Yes
237 Ravenna Plaza 12/01/08 L (9.75), O (0.25) Yes
238 Holiday Inn Express Oglesby 12/01/08 L (9.5), O (0.5) Yes
239 Central/Magnolia Retail Center 10/01/28 10/01/08 L (9.75), O (0.25) Yes
240 Rolling Hills Estates 08/01/08 L (3), YM 1% (6.75), O (0.25) No
241 Saticoy-Royale Apartments 11/01/08 L (9.5), O (0.5) Yes
242 Holiday/Park Riviera Mobile Home Park 11/01/08 L (9.5), O (0.5) Yes
243 Gottschalk's Department Store 11/01/08 L (3), YM 1% (6.58), O (0.42) No
244 Justin Apartments 01/01/09 L (9.5), O (0.5) Yes
245 Fountain Square Apartments 01/01/09 L (9.5), O (0.5) Yes
246 383 St. Johns Place 11/01/08 L (9.75), O (0.25) Yes
247 Days Inn 11/01/08 L (9.75), O (0.25) Yes
248 Market Plaza 11/01/08 L (9.5), O (0.5) Yes
249 Michigan Plaza & Bender Plaza 01/01/09 L (9.5), O (0.5) Yes
250 Mockingbird Park Retail Building 11/01/08 L (9.5), O (0.5) Yes
251 Poolesville Village Center 11/01/08 L (9.5), O (0.5) Yes
252 Executive Park Offices 02/01/09 L (9.75), O (0.25) Yes
</TABLE>
<PAGE>
Characteristics of the Mortgage Loans
<TABLE>
<CAPTION>
Original Remaining
Original Cut-off Percentage of Amortization Amortization
Principal Date Initial Term Term
# Property Name Balance Balance (6) Pool Balance (months) (months)
- ------------- ------- ----------- ------------ -------- --------
<S> <C> <C> <C> <C> <C>
253 Citadel Square Shopping Center (5) 1,500,000 1,500,000 0.1% 300 300
254 Sherwood Mobile Home Estates 1,500,000 1,492,680 0.1% 300 296
255 Ware's Van & Storage Co. 1,500,000 1,489,399 0.1% 240 236
256 Sunrise Terrace Mobile Home Park 1,450,000 1,445,275 0.1% 360 356
257 Best Western Country Inn North 1,448,000 1,444,626 0.1% 300 298
258 Woodlake Resort Village Apartments 1,400,000 1,393,722 0.1% 360 354
259 Plantation Pines Apartments 1,350,000 1,347,949 0.1% 300 299
260 Pacific Mini Storage 1,350,000 1,345,706 0.1% 300 297
261 Sunridge Apartments 1,345,000 1,341,749 0.1% 300 298
262 Parkside Place Apartments 1,300,000 1,290,235 0.1% 240 236
263 Courtyards of Granbury 1,300,000 1,296,871 0.1% 300 298
264 University Apartments 1,260,000 1,258,018 0.1% 300 299
265 Isaqueena Village Apartments 1,250,000 1,243,760 0.1% 360 354
266 Turtle Dove I Apartments 1,225,000 1,225,000 0.1% 300 300
267 Carson Gardens Mobile Home Park 1,200,000 1,192,300 0.1% 360 351
268 Valerie Apartments 1,072,000 1,070,329 0.1% 300 299
269 Huddersfield Apartments 1,060,000 1,058,366 0.1% 300 299
270 1457 & 1519 - 1527 Park Road, NW 1,050,000 1,048,398 0.1% 300 299
271 Winter Garden Village Apartments 1,000,000 997,506 0.1% 300 298
272 Long Point Plaza Apartments 960,000 951,432 0.1% 240 235
273 The Place of Tempe Apartments 900,000 898,616 0.1% 300 299
274 Valley Garden Apartments 900,000 896,907 0.1% 300 297
275 Devereaux Apartments 888,000 886,649 0.1% 300 299
276 Bloomingdale Shopping Center 800,000 798,005 0.1% 300 298
277 Cottonwood Apartments 800,000 797,234 0.1% 240 238
278 Royal North Apartments 722,500 718,072 0.1% 300 294
279 Turtle Dove II Apartments 675,000 675,000 0.1% 300 300
--------------------------------------------------------------------------
Total/Weighted Average $1,256,207,294 $1,252,685,456 100.0% 345 342
==========================================================================
Maximum: $ 30,500,000 $ 30,446,295 2.4% 360 360
Minimum: $ 516,800 $ 515,269 0.0% 180 177
<CAPTION>
Original Remaining
Term to Term to First
Maturity Maturity Mortgage Monthly Payment
# Property Name (months)(7) (months)(7) Rate Payment Date
- ------------- ----------- ----------- ---- ------- ----
<S> <C> <C> <C> <C> <C>
253 Citadel Square Shopping Center (5) 120 116 8.250% 11,826.75 12/01/98
254 Sherwood Mobile Home Estates 120 116 7.125% 10,721.60 12/01/98
255 Ware's Van & Storage Co. 120 116 7.750% 12,314.23 12/01/98
256 Sunrise Terrace Mobile Home Park 120 116 7.070% 9,715.15 12/01/98
257 Best Western Country Inn North 120 118 8.000% 11,175.90 02/01/99
258 Woodlake Resort Village Apartments 120 114 7.310% 9,607.51 10/01/98
259 Plantation Pines Apartments 120 119 7.800% 10,241.29 03/01/99
260 Pacific Mini Storage 120 117 7.980% 10,401.64 01/01/99
261 Sunridge Apartments 120 118 7.730% 10,141.52 02/01/99
262 Parkside Place Apartments 120 116 7.250% 10,274.89 12/01/98
263 Courtyards of Granbury 84 82 7.760% 9,827.81 02/01/99
264 University Apartments 120 119 7.375% 9,209.08 03/01/99
265 Isaqueena Village Apartments 120 114 6.800% 8,149.06 10/01/98
266 Turtle Dove I Apartments 120 120 7.650% 9,172.50 04/01/99
267 Carson Gardens Mobile Home Park 120 111 7.350% 8,267.67 07/01/98
268 Valerie Apartments 120 119 7.480% 7,908.04 03/01/99
269 Huddersfield Apartments 120 119 7.620% 7,916.23 03/01/99
270 1457 & 1519 - 1527 Park Road, NW 120 119 7.750% 7,930.95 03/01/99
271 Winter Garden Village Apartments 120 118 7.500% 7,389.91 02/01/99
272 Long Point Plaza Apartments 120 115 7.500% 7,733.69 11/01/98
273 The Place of Tempe Apartments 120 119 7.650% 6,738.98 03/01/99
274 Valley Garden Apartments 120 117 7.500% 6,650.92 01/01/99
275 Devereaux Apartments 120 119 7.780% 6,724.82 03/01/99
276 Bloomingdale Shopping Center 120 118 7.500% 5,911.93 02/01/99
277 Cottonwood Apartments 240 238 8.440% 6,912.24 02/01/99
278 Royal North Apartments 120 114 8.050% 5,600.32 10/01/98
279 Turtle Dove II Apartments 120 120 7.650% 5,054.23 04/01/99
--------------------------------------------------------------------
Total/Weighted Average 125 122 7.317% $8,766,320 01/02/99
====================================================================
Maximum: 300 289 8.440% $ 221,017 04/01/99
Minimum: 60 58 5.960% $ 3,631 01/01/98
<CAPTION>
Maturity Prepayment Provision Defeasance
# Property Name Date ARD(8) as of Origination (9) Option(10)
- ------------- ---- ------ --------------------- ----------
<S> <C> <C> <C> <C>
253 Citadel Square Shopping Center (5) 11/01/08 L (9.5), O (0.5) Yes
254 Sherwood Mobile Home Estates 11/01/08 L (9.5), O (0.5) Yes
255 Ware's Van & Storage Co. 11/01/08 L (3), YM 1% (6.5), O (0.5) No
256 Sunrise Terrace Mobile Home Park 11/01/08 L (2), O (8) No
257 Best Western Country Inn North 01/01/09 L (9.75), O (0.25) Yes
258 Woodlake Resort Village Apartments 09/01/08 L (3), YM 1% (6.5), O (0.5) No
259 Plantation Pines Apartments 02/01/09 L (9.5), O (0.5) Yes
260 Pacific Mini Storage 12/01/08 L (9.75), O (0.25) Yes
261 Sunridge Apartments 01/01/09 L (9.5), O (0.5) Yes
262 Parkside Place Apartments 11/01/08 L (3), YM 1% (6.5), O (0.5) No
263 Courtyards of Granbury 01/01/06 L (6.5), O (0.5) Yes
264 University Apartments 02/01/09 L (9.5), O (0.5) Yes
265 Isaqueena Village Apartments 09/01/28 09/01/08 L (9.75), O (0.25) Yes
266 Turtle Dove I Apartments 03/01/09 L (3), YM 1% (6.5), O (0.5) No
267 Carson Gardens Mobile Home Park 06/01/28 06/01/08 L (3.92), YM 1% (5.83), O (0.25) No
268 Valerie Apartments 02/01/09 L (9.5), O (0.5) Yes
269 Huddersfield Apartments 02/01/09 L (9.5), O (0.5) Yes
270 1457 & 1519 - 1527 Park Road, NW 02/01/09 L (9.5), O (0.5) Yes
271 Winter Garden Village Apartments 01/01/09 L (9.5), O (0.5) Yes
272 Long Point Plaza Apartments 10/01/08 L (3), YM 1% (6.58), O (0.42) No
273 The Place of Tempe Apartments 02/01/09 L (9.5), O (0.5) Yes
274 Valley Garden Apartments 12/01/08 L (3), YM 1% (6.5), O (0.5) No
275 Devereaux Apartments 02/01/09 L (9.5), O (0.5) Yes
276 Bloomingdale Shopping Center 01/01/09 L (9.5), O (0.5) Yes
277 Cottonwood Apartments 01/01/19 L (19.5), O (0.5) Yes
278 Royal North Apartments 09/01/08 L (3), YM 1% (6.5), O (0.5) No
279 Turtle Dove II Apartments 03/01/09 L (3), YM 1% (6.5), O (0.5) No
--------
Total/Weighted Average 02/09/14
========
Maximum: 02/01/29
Minimum: 01/01/04
</TABLE>
(1A) The Mortgage Loans secured by Hampton Inn - Elmsford, Quality Suites -
Charleston, Courtyard by Marriott - Ann Arbor, Residence Inn - Phoenix,
Homewood Suites - Cary, Hampton Inn & Suites - Gwinnett, Hampton Inn -
Raleigh, Comfort Suites - Orlando, Hampton Inn - Perimeter, Hampton Inn -
Charlotte, NC, Courtyard by Marriott - Wilmington, Hampton Inn - West
Springfield, Homewood Suites - Clear Lake and Comfort Inn - Charleston,
respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Kendal Lakes Plaza, Cypress Creek Station and
Oakwood Business Center, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Westchase Ranch Apartments, Westwood Village
Apartments, Normandy Woods Apartments, Savoy Manor Apartments and San Marin
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by 2294 Molly Pitcher Highway, 5015 Campuswood
Drive, 5010 Campuswood Drive and 5009 Campuswood Drive, respectively, are
cross-collateralized and cross-defaulted.
(1E) The Mortgage Loans secured by Keller Oaks Apartments, Sycamore Hill
Apartments, Claredon Apartments and Woodchase Condominiums, respectively,
are cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Princeton Court Apartments, Pinewood Estates
Apartments and Arbor Court Apartments, resepectively, are
cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by U-Store of Brighton Self Storage Facility,
U-Store of South Lyon Self Storage Facility, U-Store of Saline Self Storage
Facility, U-Store of Davison Self Storage Facility, U-Store of Holly Self
Storage Facility and U-Store of Jackson Self Storage Facility,
respectively, are cross-collateralized and cross-defaulted.
(1H) The Mortgage Loans secured by Cranbrook Centre Apartments and Cranbrook
Centre Office Buildings, respectively, are cross-collateralized and
cross-defaulted.
(1I) The Mortgage Loans secured by Mobile Gardens/Holly View Mobile Home Park,
Stony Chase/Rock Creek Mobile Home Park and Briarwood Manor, respectively
are cross-collateralized and cross-defaulted.
(1J) The Mortgage Loans secured by Spruce Properties, Oak Grove Apartments and
Aldrich Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1K) The Mortgage Loans secured by Century Plaza Strip Shopping Center and
Alabany Square Strip Shopping Center, respectively, are
cross-collateralized and cross-defaulted.
(1L) The Mortgage Loans secured by Park Lane Village Apartments and Rynearson
Lane Village Apartments, respectively, are cross-collateralized and
cross-defaulted.
(2) The Mortgage Loan secured by Dallas Design Center Roll-Up is secured by 18
buildings that are operated as a single property.
(3) Marycrest Shopping Center has an interest only period of 24 months from
origination and thereafter is scheduled to amortize over 360 months with
the payment presented reflecting the amount due during the amortization
term.
(4) Merchant's Square has an interest only period of 24 months from origination
and thereafter is scheduled to amortize over 336 months with the payment
presented reflecting the amount due during the amortization term.
(5) Citadel Square Shopping Center has an interest only period of 36 months
from origination and thereafter is scheduled to amortize over 300 months
with the payment presented reflecting the amount due during the
amortization term.
(6) Assumes a Cut-off Date of March 1, 1999.
(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) Prepayment Provision as of Origination:
L (x) = Lockout or Defeasance for x years
YM A% (x) = Greater of Yield Maintenance Premium and A% Prepayment for x
years
O (x) = Prepayable at par for x years
(10) "Yes" means that defeasance is permitted notwithstanding the Lockout
Period.
<PAGE>
Descriptions of the Mortgaged Properties
<TABLE>
<CAPTION>
Units/
Sq. Ft./
Property Rooms/ Fee Simple/ Year
# Property Name Type Pads Leasehold Built
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 Hampton Inn - Elmsford (1A) Hotel 156 Fee 1968
2 Quality Suites - Charleston (1A) Hotel 168 Fee 1989
3 Courtyard by Marriott - Ann Arbor (1A) Hotel 160 Fee 1989
4 Residence Inn - Phoenix (1A) Hotel 168 Fee 1988
5 Homewood Suites - Cary (1A) Hotel 140 Fee 1994
6 Hampton Inn & Suites - Gwinnett (1A) Hotel 135 Fee 1996
7 Hampton Inn - Raleigh (1A) Hotel 141 Fee 1986
8 Comfort Suites - Orlando (1A) Hotel 215 Fee 1990
9 Hampton Inn - Perimeter (1A) Hotel 131 Fee 1996
10 Hampton Inn - Charlotte, NC (1A) Hotel 125 Fee 1991
11 Courtyard by Marriott - Wilmington (1A) Hotel 128 Fee 1996
12 Hampton Inn - West Springfield (1A) Hotel 126 Fee 1989
13 Homewood Suites - Clear Lake (1A) Hotel 92 Fee 1995
14 Comfort Inn - Charleston (1A) Hotel 128 Fee 1989
15 Kendale Lakes Plaza (1B) Retail 404,553 Fee 1977
16 Cypress Creek Station (1B) Retail 229,009 Fee 1997
17 Oakwood Business Center (1B) Office 140,535 Fee 1987
18 Westchase Ranch Apartments (1C) Multifamily 776 Fee 1977
19 Westwood Village Apartments (1C) Multifamily 320 Fee 1983
20 Normandy Woods Apartments (1C) Multifamily 268 Fee 1981
21 Savoy Manor Apartments (1C) Multifamily 192 Fee 1980
22 San Marin Apartments (1C) Multifamily 193 Fee 1972
23 Country Squire Apartments - South Multifamily 726 Fee 1984
24 2294 Molly Pitcher Highway (1D) Industrial 621,400 Fee 1960
25 5015 Campuswood Drive (1D) Office 99,476 Fee 1992
26 5010 Campuswood Drive (1D) Office 70,163 Fee 1989
27 5009 Campuswood Drive (1D) Office 6,584 Fee 1987
28 Fair Lakes Promenade Retail 143,789 Fee 1996
29 Keller Oaks Apartments (1E) Multifamily 220 Fee 1985
30 Sycamore Hill Apartments (1E) Multifamily 264 Fee 1983
31 Clarendon Apartments (1E) Multifamily 192 Fee 1979
32 Woodchase Condominiums (1E) Multifamily 74 Fee 1983
33 Dallas Design Center Roll-Up (2) Mixed Use 355,826 Fee/Leasehold 1951
34 Assembly Square Office Building Mixed Use 202,616 Fee 1960
35 Spicetree Apartments Multifamily 551 Fee 1971
36 Lamplighter Mobile Home Park Manufactured Housing 265 Fee 1971
37 White Station Tower Office 247,718 Fee 1967
38 Holiday Inn New Orleans Veterans Hotel 222 Fee 1973
39 The Links at Bixby Multifamily 324 Fee 1997
40 Southwood Apartments Multifamily 358 Fee 1964
41 The Shoppes at Longwood Retail 136,200 Fee 1991
42 Pines of Westbury Multifamily 940 Fee 1972
43 Edentree Apartments Multifamily 360 Fee 1983
44 Becker Village Mall Retail 305,629 Fee 1979
45 Tiffany Square Office 179,910 Fee 1984
46 The Mint Apartments Multifamily 592 Fee 1980
47 River Park Shopping Center Retail 230,659 Fee 1989
48 Rancho Destino Apartments Multifamily 184 Fee 1998
49 Conestoga Mobile Home Park Manufactured Housing 581 Fee 1972
50 Huntington Chase Apartments Multifamily 200 Fee 1997
51 Parkshore Centre Office Building Office 117,151 Fee 1985
52 Kenwood Pavilion Retail 57,144 Fee 1998
53 Newsome Park Apartments Multifamily 650 Fee 1967
54 Princeton Court Apartments (1F) Multifamily 90 Fee 1973
55 Pinewood Estates Apartments (1F) Multifamily 144 Fee 1972
56 Arbor Court Apartments (1F) Multifamily 108 Fee 1963
57 U-Store of Brighton Self Storage Facility (1G) Self Storage 91,650 Fee 1988
58 U-Store of South Lyon Self Storage Facility (1G) Self Storage 51,450 Fee 1988
59 U-Store of Saline Self Storage Facility (1G) Self Storage 63,900 Fee 1988
60 U-Store of Davison Self Storage Facility (1G) Self Storage 46,500 Fee 1988
61 U-Store of Holly Self Storage Facility (1G) Self Storage 46,700 Fee 1988
62 U-Store of Jackson Self Storage Facility (1G) Self Storage 32,400 Fee 1988
63 Birches Apartments Multifamily 296 Fee 1968
<CAPTION>
Occupancy Cut-off Maturity/
Year Rate at Appraised Date LTV ARD
# Property Name Renovated U/W (6) Value Ratio Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 Hampton Inn - Elmsford (1A) 1996 N/A $15,300,000 49.7% $ 6,058,067
2 Quality Suites - Charleston (1A) 1997 N/A 14,000,000 44.8% 5,005,354
3 Courtyard by Marriott - Ann Arbor (1A) 1998 N/A 13,900,000 45.2% 5,005,354
4 Residence Inn - Phoenix (1A) 1997 N/A 16,300,000 38.5% 5,005,354
5 Homewood Suites - Cary (1A) N/A N/A 11,800,000 50.9% 4,786,866
6 Hampton Inn & Suites - Gwinnett (1A) N/A N/A 11,300,000 47.6% 4,290,303
7 Hampton Inn - Raleigh (1A) 1996 N/A 11,200,000 47.2% 4,210,853
8 Comfort Suites - Orlando (1A) 1997 N/A 12,500,000 41.3% 4,111,541
9 Hampton Inn - Perimeter (1A) N/A N/A 10,300,000 48.4% 3,972,503
10 Hampton Inn - Charlotte, NC (1A) 1997 N/A 9,600,000 47.5% 3,634,840
11 Courtyard by Marriott - Wilmington (1A) N/A N/A 9,300,000 45.8% 3,396,490
12 Hampton Inn - West Springfield (1A) 1998 N/A 8,220,000 44.9% 2,939,652
13 Homewood Suites - Clear Lake (1A) N/A N/A 8,700,000 39.5% 2,741,027
14 Comfort Inn - Charleston (1A) 1997 N/A 9,700,000 16.2% 1,251,338
15 Kendale Lakes Plaza (1B) 1995 98.0% 36,100,000 81.9% 26,589,367
16 Cypress Creek Station (1B) N/A 99.0% 30,800,000 77.4% 21,420,185
17 Oakwood Business Center (1B) N/A 97.0% 14,000,000 74.3% 9,345,292
18 Westchase Ranch Apartments (1C) 1994 96.0% 29,150,000 77.3% 19,781,228
19 Westwood Village Apartments (1C) 1996 92.0% 13,000,000 79.9% 9,120,617
20 Normandy Woods Apartments (1C) 1997 95.0% 9,000,000 79.0% 6,244,115
21 Savoy Manor Apartments (1C) 1997 97.0% 6,500,000 79.9% 4,560,309
22 San Marin Apartments (1C) 1997 86.0% 4,600,000 78.5% 3,168,811
23 Country Squire Apartments - South 1987 94.0% 39,000,000 78.1% 25,953,265
24 2294 Molly Pitcher Highway (1D) 1991 100.0% 21,500,000 79.8% 15,214,068
25 5015 Campuswood Drive (1D) N/A 100.0% 9,000,000 79.8% 6,368,680
26 5010 Campuswood Drive (1D) N/A 94.0% 5,600,000 79.8% 3,965,565
27 5009 Campuswood Drive (1D) N/A 100.0% 650,000 79.3% 457,130
28 Fair Lakes Promenade N/A 100.0% 26,700,000 78.5% 18,441,363
29 Keller Oaks Apartments (1E) N/A 98.0% 8,800,000 81.2% 6,234,223
30 Sycamore Hill Apartments (1E) 1991 96.0% 7,625,000 81.2% 5,401,813
31 Clarendon Apartments (1E) N/A 95.0% 5,600,000 81.2% 3,967,233
32 Woodchase Condominiums (1E) N/A 99.0% 2,960,000 81.2% 2,096,966
33 Dallas Design Center Roll-Up (2) 1995 98.0% 26,400,000 66.2% 15,460,793
34 Assembly Square Office Building 1979 100.0% 22,800,000 73.5% 14,787,835
35 Spicetree Apartments 1977 96.0% 21,300,000 77.9% 15,107,036
36 Lamplighter Mobile Home Park N/A 100.0% 20,030,000 79.7% 14,055,615
37 White Station Tower 1996 93.0% 22,100,000 70.1% 13,669,002
38 Holiday Inn New Orleans Veterans 1996 N/A 20,100,000 74.5% 12,360,062
39 The Links at Bixby N/A 98.0% 18,400,000 78.7% 790,074
40 Southwood Apartments 1998 94.0% 18,200,000 79.5% 13,387,849
41 The Shoppes at Longwood N/A 100.0% 17,800,000 79.6% 4,994,453
42 Pines of Westbury 1996 83.0% 18,100,000 71.6% 11,338,706
43 Edentree Apartments N/A 96.0% 14,350,000 80.0% 10,092,763
44 Becker Village Mall N/A 99.0% 14,180,000 79.8% 10,043,045
45 Tiffany Square 1995 100.0% 16,200,000 69.3% 9,920,727
46 The Mint Apartments 1982 93.0% 15,100,000 73.8% 9,780,878
47 River Park Shopping Center 1997 94.0% 13,800,000 79.2% 9,694,230
48 Rancho Destino Apartments N/A 100.0% 12,980,000 78.4% 8,953,537
49 Conestoga Mobile Home Park 1998 96.0% 12,700,000 77.5% 8,570,727
50 Huntington Chase Apartments N/A 96.0% 12,150,000 79.6% 8,425,652
51 Parkshore Centre Office Building 1986 100.0% 12,000,000 77.2% 8,056,376
52 Kenwood Pavilion N/A 100.0% 11,100,000 79.9% 7,853,093
53 Newsome Park Apartments N/A 97.0% 10,700,000 79.1% 7,407,263
54 Princeton Court Apartments (1F) N/A 97.0% 6,500,000 59.7% 3,426,131
55 Pinewood Estates Apartments (1F) N/A 95.0% 4,000,000 59.7% 2,108,388
56 Arbor Court Apartments (1F) 1995 94.0% 3,500,000 59.7% 1,844,840
57 U-Store of Brighton Self Storage Facility (1G) N/A 92.0% 3,860,000 74.3% 2,362,801
58 U-Store of South Lyon Self Storage Facility (1G) N/A 94.0% 2,050,000 74.3% 1,254,855
59 U-Store of Saline Self Storage Facility (1G) N/A 88.0% 1,870,000 74.3% 1,144,673
60 U-Store of Davison Self Storage Facility (1G) N/A 94.0% 1,340,000 74.3% 820,247
61 U-Store of Holly Self Storage Facility (1G) N/A 86.0% 1,240,000 74.3% 759,035
62 U-Store of Jackson Self Storage Facility (1G) N/A 86.0% 770,000 74.3% 471,336
63 Birches Apartments N/A 94.0% 10,250,000 79.7% 7,235,138
<CAPTION>
Maturity/ARD U/W U/W
# Property Name LTV Ratio (7) NCF (8) DSCR (9)
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 Hampton Inn - Elmsford (1A) 39.6% $1,374,994 2.54 x
2 Quality Suites - Charleston (1A) 35.8% 1,271,697 2.54
3 Courtyard by Marriott - Ann Arbor (1A) 36.0% 1,216,246 2.54
4 Residence Inn - Phoenix (1A) 30.7% 1,920,777 2.54
5 Homewood Suites - Cary (1A) 40.6% 1,452,430 2.54
6 Hampton Inn & Suites - Gwinnett (1A) 38.0% 1,114,219 2.54
7 Hampton Inn - Raleigh (1A) 37.6% 1,000,261 2.54
8 Comfort Suites - Orlando (1A) 32.9% 1,205,152 2.54
9 Hampton Inn - Perimeter (1A) 38.6% 1,067,607 2.54
10 Hampton Inn - Charlotte, NC (1A) 37.9% 920,667 2.54
11 Courtyard by Marriott - Wilmington (1A) 36.5% 824,922 2.54
12 Hampton Inn - West Springfield (1A) 35.8% 769,690 2.54
13 Homewood Suites - Clear Lake (1A) 31.5% 755,838 2.54
14 Comfort Inn - Charleston (1A) 12.9% 897,540 2.54
15 Kendale Lakes Plaza (1B) 73.7% 3,241,994 1.25
16 Cypress Creek Station (1B) 69.5% 2,700,441 1.25
17 Oakwood Business Center (1B) 66.8% 1,228,249 1.25
18 Westchase Ranch Apartments (1C) 67.9% 2,332,825 1.30
19 Westwood Village Apartments (1C) 70.2% 1,092,658 1.30
20 Normandy Woods Apartments (1C) 69.4% 849,348 1.30
21 Savoy Manor Apartments (1C) 70.2% 540,292 1.30
22 San Marin Apartments (1C) 68.9% 369,487 1.30
23 Country Squire Apartments - South 66.5% 3,008,930 1.28
24 2294 Molly Pitcher Highway (1D) 70.8% 1,791,007 1.40
25 5015 Campuswood Drive (1D) 70.8% 972,949 1.40
26 5010 Campuswood Drive (1D) 70.8% 639,225 1.40
27 5009 Campuswood Drive (1D) 70.3% 65,758 1.40
28 Fair Lakes Promenade 69.1% 2,223,209 1.29
29 Keller Oaks Apartments (1E) 70.8% 762,660 1.24
30 Sycamore Hill Apartments (1E) 70.8% 516,741 1.24
31 Clarendon Apartments (1E) 70.8% 471,616 1.24
32 Woodchase Condominiums (1E) 70.8% 249,140 1.24
33 Dallas Design Center Roll-Up (2) 58.6% 1,917,103 1.30
34 Assembly Square Office Building 64.9% 1,757,340 1.26
35 Spicetree Apartments 70.9% 1,706,242 1.32
36 Lamplighter Mobile Home Park 70.2% 1,584,956 1.21
37 White Station Tower 61.9% 1,656,723 1.29
38 Holiday Inn New Orleans Veterans 61.5% 1,975,611 1.42
39 The Links at Bixby 4.3% 1,580,202 1.27
40 Southwood Apartments 73.6% 1,486,121 1.26
41 The Shoppes at Longwood 28.1% 1,520,138 1.29
42 Pines of Westbury 62.6% 1,249,652 1.20
43 Edentree Apartments 70.3% 1,150,799 1.22
44 Becker Village Mall 70.8% 1,209,229 1.26
45 Tiffany Square 61.2% 1,220,026 1.30
46 The Mint Apartments 64.8% 1,238,164 1.36
47 River Park Shopping Center 70.2% 1,171,613 1.27
48 Rancho Destino Apartments 69.0% 1,002,185 1.20
49 Conestoga Mobile Home Park 67.5% 1,085,388 1.40
50 Huntington Chase Apartments 69.3% 972,130 1.27
51 Parkshore Centre Office Building 67.1% 999,241 1.38
52 Kenwood Pavilion 70.7% 932,783 1.25
53 Newsome Park Apartments 69.2% 837,903 1.24
54 Princeton Court Apartments (1F) 52.7% 221,950 1.23
55 Pinewood Estates Apartments (1F) 52.7% 178,233 1.23
56 Arbor Court Apartments (1F) 52.7% 455,933 1.23
57 U-Store of Brighton Self Storage Facility (1G) 61.2% 320,352 1.30
58 U-Store of South Lyon Self Storage Facility (1G) 61.2% 191,789 1.30
59 U-Store of Saline Self Storage Facility (1G) 61.2% 180,049 1.30
60 U-Store of Davison Self Storage Facility (1G) 61.2% 130,795 1.30
61 U-Store of Holly Self Storage Facility (1G) 61.2% 96,173 1.30
62 U-Store of Jackson Self Storage Facility (1G) 61.2% 70,634 1.30
63 Birches Apartments 70.6% 825,589 1.20
</TABLE>
<PAGE>
Descriptions of the Mortgaged Properties
<TABLE>
<CAPTION>
Units/
Sq. Ft./
Property Rooms/ Fee Simple/ Year
# Property Name Type Pads Leasehold Built
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
64 Hollywood Plaza Retail 59,383 Fee 1970
65 50-60 Worcester Rd. Mixed Use 59,965 Fee 1986
66 Mahwah Business Park Mixed Use 401,074 Fee 1902
67 Silvernail Shopping Center Retail 110,425 Fee 1985
68 Tech Center 29 Office/Warehouse Complex Industrial 176,914 Fee 1971
69 Centre North Shopping Center Retail 80,897 Fee 1997
70 Cranbrook Centre Apartments (1H) Multifamily 132 Fee 1969
71 Cranbrook Centre Office Buildings (1H) Office 74,816 Fee 1969
72 Lubbock Shopping Parkade Retail 160,393 Fee 1985
73 Marin Club Apartments Multifamily 220 Fee 1971
74 Prunedale Center Mixed Use 103,852 Fee 1974
75 Lamplighter Ontario MHP Manufactured Housing 246 Fee 1970
76 Marycrest Shopping Center (3) Retail 172,030 Fee 1955
77 Elm Plaza Shopping Center Retail 292,426 Leasehold 1969
78 Century Plaza East Retail 121,192 Fee 1990
79 Keller Springs Tech Center Industrial 80,000 Fee 1998
80 Mobile Gardens/Holly View Mobile Home Park (1I) Manufactured Housing 277 Fee 1950
81 Stony Chase/Rock Creek Mobile Home Park (1I) Manufactured Housing 104 Fee 1970
82 Briarwood Manor (1I) Manufactured Housing 99 Fee 1960
83 Tierra Verde Marine Center Mixed Use 82,271 Fee/Leasehold 1963
84 Aurora Square Retail 65,348 Fee 1987
85 Merchant's Square (4) Retail 102,734 Fee 1987
86 Northwood Hills Shopping Center Retail 117,287 Fee 1963
87 36th Street Office Center Office 158,737 Fee 1986
88 Fifth Avenue Apartments Multifamily 198 Fee 1982
89 The Watermill Apartments Multifamily 191 Fee 1970
90 Brooks Corner Mixed Use 23,839 Fee 1960
91 Hollywood Ardmore Apartments Multifamily 161 Fee 1962
92 Chasewood Apartments Multifamily 224 Fee 1984
93 Kingsgate North Mixed Use 92,057 Fee 1989
94 Fairfield Suites Pittsburgh/Airport Hotel 102 Fee 1997
95 Seatree Apartments Multifamily 220 Fee 1983
96 All Aboard Mini Storage - Alhambra Self Storage 76,085 Fee 1993
97 West Century Center Retail 57,176 Fee 1990
98 Universal Plaza Retail 43,836 Fee 1997
99 Crestview Market Place Retail 66,882 Fee 1998
100 New Franklin Apartments Multifamily 171 Fee 1978
101 Windjammer Apartments Multifamily 200 Fee 1982
102 Woodlake Village Apartments Multifamily 237 Fee 1974
103 Comfort Inn - Hopewell, VA Hotel 126 Fee 1987
104 Linens N Things Retail 41,520 Fee 1997
105 The Woods Apartments Multifamily 156 Fee 1969
106 Moonlight Garden Apartments Multifamily 108 Fee 1991
107 Sagamore Court Apartments Multifamily 123 Fee 1973
108 Carriage Hill Apartments Multifamily 224 Fee 1972
109 Dowling Office Building Mixed Use 90,046 Fee 1900
110 Main Street Plaza Shopping Center Retail 31,377 Fee 1963
111 Friendship Crossing Apartments Multifamily 223 Fee 1947
112 Spruce Properties (1J) Multifamily 90 Fee 1903
113 Oak Grove Apartments (1J) Multifamily 78 Fee 1919
114 Aldrich Apartments (1J) Multifamily 47 Fee 1905
115 One Bellemead Center Office 87,275 Fee 1987
116 Denver Tech Center #30 Office 55,664 Fee 1974
117 Preston Racquet Club Condominiums and Apartments Multifamily 111 Fee 1982
118 Sand Lake Apartments Multifamily 212 Fee 1987
119 Mobile Estate Mobile Home Park Manufactured Housing 207 Fee 1962
120 Colonia Shopping Center Retail 59,709 Fee 1965
121 Vista Ridge Center III Retail 15,444 Fee 1998
122 Parkside East Apartments Multifamily 104 Fee 1967
123 Northpark Village Retail 70,600 Fee 1990
124 Breakers Apartments Multifamily 72 Fee 1998
125 Picnic Lawn Apartments Multifamily 146 Fee 1986
126 32nd Street and McDowell Road Shopping Center Retail 63,987 Fee 1955
<CAPTION>
Occupancy Cut-off Maturity/
Year Rate at Appraised Date LTV ARD
# Property Name Renovated U/W (6) Value Ratio Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
64 Hollywood Plaza 1977 98.0% 10,130,000 79.7% 7,091,987
65 50-60 Worcester Rd. 1986 100.0% 10,000,000 79.9% 7,097,668
66 Mahwah Business Park 1997 88.0% 13,850,000 57.3% 6,444,228
67 Silvernail Shopping Center N/A 92.0% 10,400,000 75.0% 6,858,064
68 Tech Center 29 Office/Warehouse Complex N/A 86.0% 13,000,000 58.4% 6,139,888
69 Centre North Shopping Center N/A 97.0% 9,700,000 78.1% 6,671,488
70 Cranbrook Centre Apartments (1H) 1988 94.0% 7,000,000 70.2% 4,348,556
71 Cranbrook Centre Office Buildings (1H) 1973 95.0% 3,700,000 67.5% 2,207,389
72 Lubbock Shopping Parkade N/A 100.0% 9,950,000 74.0% 6,558,224
73 Marin Club Apartments N/A 99.0% 9,200,000 79.9% 6,539,022
74 Prunedale Center 1989 99.0% 9,500,000 76.3% 6,384,439
75 Lamplighter Ontario MHP N/A 96.0% 9,720,000 73.4% 6,798,572
76 Marycrest Shopping Center (3) 1998 90.0% 8,750,000 80.0% 6,433,091
77 Elm Plaza Shopping Center 1997 100.0% 11,400,000 61.2% 6,222,464
78 Century Plaza East N/A 93.0% 9,100,000 76.0% 6,050,508
79 Keller Springs Tech Center N/A 96.0% 8,630,000 79.8% 6,081,632
80 Mobile Gardens/Holly View Mobile Home Park (1I) 1989 100.0% 4,550,000 79.7% 3,147,228
81 Stony Chase/Rock Creek Mobile Home Park (1I) N/A 100.0% 2,400,000 79.7% 1,660,076
82 Briarwood Manor (1I) 1984 78.0% 1,675,000 79.7% 1,158,595
83 Tierra Verde Marine Center 1994 100.0% 9,300,000 73.5% 5,577,855
84 Aurora Square N/A 96.0% 8,500,000 78.9% 5,861,239
85 Merchant's Square (4) N/A 100.0% 8,800,000 75.0% 5,871,653
86 Northwood Hills Shopping Center 1992 98.0% 9,000,000 72.1% 5,751,187
87 36th Street Office Center N/A 100.0% 9,800,000 66.2% 5,749,292
88 Fifth Avenue Apartments N/A 98.0% 8,000,000 79.9% 5,604,821
89 The Watermill Apartments 1987 98.0% 8,000,000 79.7% 5,607,923
90 Brooks Corner 1996 96.0% 9,000,000 70.0% 5,136,871
91 Hollywood Ardmore Apartments N/A 100.0% 8,500,000 73.4% 5,563,329
92 Chasewood Apartments N/A 91.0% 7,700,000 79.9% 5,412,802
93 Kingsgate North N/A 93.0% 8,200,000 71.5% 5,128,005
94 Fairfield Suites Pittsburgh/Airport N/A N/A 8,000,000 72.9% 4,764,798
95 Seatree Apartments N/A 91.0% 7,300,000 79.9% 5,131,618
96 All Aboard Mini Storage - Alhambra N/A 97.0% 7,100,000 79.7% 4,979,081
97 West Century Center N/A 90.0% 7,000,000 79.9% 4,980,534
98 Universal Plaza N/A 94.0% 6,950,000 79.9% 4,930,089
99 Crestview Market Place N/A 98.0% 6,900,000 79.4% 4,796,603
100 New Franklin Apartments 1980 100.0% 6,750,000 79.2% 3,201,212
101 Windjammer Apartments N/A 97.0% 6,900,000 75.7% 4,611,243
102 Woodlake Village Apartments 1995 95.0% 6,750,000 77.3% 4,528,735
103 Comfort Inn - Hopewell, VA 1997 N/A 6,900,000 75.1% 4,208,252
104 Linens N Things N/A 100.0% 7,000,000 73.5% 2,559,142
105 The Woods Apartments N/A 94.0% 6,310,000 79.9% 4,427,691
106 Moonlight Garden Apartments N/A 99.0% 6,250,000 79.7% 4,430,720
107 Sagamore Court Apartments 1997 98.0% 6,870,000 72.2% 4,325,037
108 Carriage Hill Apartments 1976 97.0% 6,600,000 74.7% 4,308,708
109 Dowling Office Building 1993 89.0% 6,500,000 73.9% 4,238,439
110 Main Street Plaza Shopping Center 1997 93.0% 6,300,000 75.5% 4,161,707
111 Friendship Crossing Apartments 1992 97.0% 5,800,000 79.4% 4,066,176
112 Spruce Properties (1J) 1970 99.0% 2,580,000 76.4% 1,749,374
113 Oak Grove Apartments (1J) 1976 100.0% 1,920,000 76.7% 1,306,495
114 Aldrich Apartments (1J) 1997 100.0% 1,303,000 80.4% 930,047
115 One Bellemead Center N/A 95.0% 5,900,000 76.1% 4,013,609
116 Denver Tech Center #30 N/A 98.0% 6,250,000 71.4% 3,903,132
117 Preston Racquet Club Condominiums and Apartments N/A 97.0% 5,560,000 78.9% 3,905,333
118 Sand Lake Apartments N/A 97.0% 5,500,000 79.3% 1,777,726
119 Mobile Estate Mobile Home Park N/A 100.0% 5,374,000 79.8% 3,334,689
120 Colonia Shopping Center N/A 97.0% 5,500,000 77.8% 3,783,854
121 Vista Ridge Center III N/A 90.0% 5,350,000 79.8% 3,800,001
122 Parkside East Apartments 1989 96.0% 5,300,000 79.1% 3,687,321
123 Northpark Village N/A 95.0% 5,150,000 79.7% 3,593,092
124 Breakers Apartments N/A 100.0% 5,120,000 79.7% 3,558,376
125 Picnic Lawn Apartments 1997 100.0% 5,400,000 73.9% 3,530,044
126 32nd Street and McDowell Road Shopping Center 1971 98.0% 5,010,000 79.6% 3,502,216
<CAPTION>
Maturity/ARD U/W U/W
# Property Name LTV Ratio (7) NCF (8) DSCR (9)
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
64 Hollywood Plaza 70.0% 858,507 1.31
65 50-60 Worcester Rd. 71.0% 857,491 1.26
66 Mahwah Business Park 46.5% 949,154 1.37
67 Silvernail Shopping Center 65.9% 801,780 1.25
68 Tech Center 29 Office/Warehouse Complex 47.2% 1,116,490 1.68
69 Centre North Shopping Center 68.8% 797,131 1.28
70 Cranbrook Centre Apartments (1H) 62.1% 558,574 1.35
71 Cranbrook Centre Office Buildings (1H) 59.7% 279,678 1.35
72 Lubbock Shopping Parkade 65.9% 814,392 1.28
73 Marin Club Apartments 71.1% 788,055 1.25
74 Prunedale Center 67.2% 743,912 1.25
75 Lamplighter Ontario MHP 69.9% 766,229 1.30
76 Marycrest Shopping Center (3) 73.5% 787,474 1.30
77 Elm Plaza Shopping Center 54.6% 744,969 1.24
78 Century Plaza East 66.5% 819,901 1.48
79 Keller Springs Tech Center 70.5% 729,895 1.27
80 Mobile Gardens/Holly View Mobile Home Park (1I) 69.2% 400,244 1.35
81 Stony Chase/Rock Creek Mobile Home Park (1I) 69.2% 181,846 1.35
82 Briarwood Manor (1I) 69.2% 140,316 1.35
83 Tierra Verde Marine Center 60.0% 718,951 1.19
84 Aurora Square 69.0% 672,017 1.25
85 Merchant's Square (4) 66.7% 757,642 1.39
86 Northwood Hills Shopping Center 63.9% 746,198 1.36
87 36th Street Office Center 58.7% 684,578 1.25
88 Fifth Avenue Apartments 70.1% 652,519 1.26
89 The Watermill Apartments 70.1% 651,109 1.25
90 Brooks Corner 57.1% 713,267 1.26
91 Hollywood Ardmore Apartments 65.5% 658,696 1.22
92 Chasewood Apartments 70.3% 637,768 1.26
93 Kingsgate North 62.5% 628,782 1.34
94 Fairfield Suites Pittsburgh/Airport 59.6% 735,487 1.40
95 Seatree Apartments 70.3% 602,905 1.26
96 All Aboard Mini Storage - Alhambra 70.1% 669,076 1.45
97 West Century Center 71.2% 613,803 1.27
98 Universal Plaza 70.9% 647,013 1.37
99 Crestview Market Place 69.5% 567,639 1.29
100 New Franklin Apartments 47.4% 669,840 1.34
101 Windjammer Apartments 66.8% 556,029 1.27
102 Woodlake Village Apartments 67.1% 565,278 1.40
103 Comfort Inn - Hopewell, VA 61.0% 742,101 1.63
104 Linens N Things 36.6% 618,984 1.45
105 The Woods Apartments 70.2% 581,081 1.41
106 Moonlight Garden Apartments 70.9% 513,492 1.20
107 Sagamore Court Apartments 63.0% 534,766 1.36
108 Carriage Hill Apartments 65.3% 548,218 1.39
109 Dowling Office Building 65.2% 499,635 1.25
110 Main Street Plaza Shopping Center 66.1% 483,188 1.27
111 Friendship Crossing Apartments 70.1% 480,828 1.25
112 Spruce Properties (1J) 67.8% 243,299 1.43
113 Oak Grove Apartments (1J) 68.0% 180,059 1.43
114 Aldrich Apartments (1J) 71.4% 123,685 1.43
115 One Bellemead Center 68.0% 490,702 1.25
116 Denver Tech Center #30 62.5% 446,359 1.25
117 Preston Racquet Club Condominiums and Apartments 70.2% 454,730 1.20
118 Sand Lake Apartments 32.3% 493,672 1.38
119 Mobile Estate Mobile Home Park 62.1% 471,208 1.33
120 Colonia Shopping Center 68.8% 474,687 1.32
121 Vista Ridge Center III 71.0% 442,929 1.21
122 Parkside East Apartments 69.6% 418,053 1.22
123 Northpark Village 69.8% 415,499 1.26
124 Breakers Apartments 69.5% 410,544 1.27
125 Picnic Lawn Apartments 65.4% 427,029 1.28
126 32nd Street and McDowell Road Shopping Center 69.9% 426,854 1.32
</TABLE>
<PAGE>
Descriptions of the Mortgaged Properties
<TABLE>
<CAPTION>
Units/
Sq. Ft./
Property Rooms/ Fee Simple/ Year
# Property Name Type Pads Leasehold Built
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
127 Triangle Corporate Center Mixed Use 77,404 Fee 1985
128 One West Hills Office Office 57,967 Fee 1985
129 Harper Regency Apartments Multifamily 38 Fee 1991
130 Heritage Green Shopping Center Retail 66,984 Fee 1983
131 Captain's Landing Apartments Multifamily 174 Fee 1983
132 All Aboard Mini Storage - Fremont Self Storage 62,165 Fee 1997
133 Century Plaza Strip Shopping Center (1K) Retail 36,622 Fee 1988
134 Albany Square Strip Shopping Center (1K) Retail 30,479 Fee 1988
135 Larrabee Complex Mixed Use 100,304 Fee 1970
136 Cedar Garden Apartments Multifamily 90 Fee 1963
137 All Aboard Mini Storage - Stanton Self Storage 63,705 Fee 1995
138 Windtree Apartments - Phase I Multifamily 126 Fee 1980
139 Lake City Mini-Storage Self Storage 48,808 Fee 1988
140 Huntington Mobile Estates Manufactured Housing 105 Fee 1961
141 Everhart Park Shopping Center Retail 63,277 Fee 1985
142 Rafael North Executive Park Office 30,503 Fee/Easement 1981
143 Westwind Estates Manufactured Housing 156 Leasehold 1985
144 Hewlett Shopping Center Retail 32,800 Fee 1953
145 Forest Park Village Multifamily 138 Fee 1971
146 2700 Richards Building Office 31,962 Fee 1991
147 Lincoln Park Center Retail 46,190 Fee 1987
148 Cedar Heights Apartments Multifamily 256 Fee 1977
149 The North Oak Apartments Multifamily 256 Fee 1974
150 Arrowhead Court Apartments Multifamily 126 Fee 1968
151 The Citibank Building Office 62,632 Fee 1955
152 Petco/Starbucks S/C Retail 12,016 Fee 1990
153 1870 Ogden Drive Office 25,995 Fee 1964
154 Woodland Park Office Building Office 51,231 Fee 1978
155 Costa Mesa Mobile Estates Manufactured Housing 104 Fee 1950
156 Tree Top Apartments Multifamily 146 Fee 1976
157 Greenville Village Mobile Home Park Manufactured Housing 223 Fee 1986
158 Brookwood Village Retail 28,774 Fee 1920
159 Rose Grove Mobile Home Park Manufactured Housing 332 Fee 1960
160 Little River Shopping Center Retail 51,560 Fee 1985
161 The Amberton Apartments Multifamily 112 Fee 1986
162 Best Western Worlds of Fun Hotel 86 Fee 1986
163 All Aboard Mini Storage - Anaheim Self Storage 54,130 Fee 1994
164 Waterway Crossing Apartments Multifamily 102 Fee 1986
165 The Borders Building Retail 80,000 Fee 1973
166 Ken-Caryl Business Center Office 50,636 Fee 1981
167 Alta Vista Mobile Home Park Manufactured Housing 140 Fee 1961
168 Palm Springs Self Storage Self Storage 68,327 Fee 1998
169 Holiday Inn Express Auburn Hotel 69 Fee 1995
170 Caruth Haven Retail Center Retail 16,800 Fee 1976
171 3456 Ridge Property Mixed Use 100,207 Fee 1983
172 Campus Plaza Shopping Center Retail 26,457 Fee 1995
173 All Aboard Mini Storage - San Gabriel Self Storage 40,059 Fee 1991
174 Point O' Woods Apartments Multifamily 150 Fee 1979
175 Williamsburg on the Lake Apartments Multifamily 150 Fee 1977
176 Airport Business Center Mixed Use 41,660 Fee 1990
177 Staples - Wilmington Retail 29,049 Fee 1998
178 Felicita Junction Retail 41,682 Leasehold 1997
179 The Bordeaux Apartments Multifamily 102 Fee 1968
180 High Point Village I Apartments Multifamily 168 Fee 1980
181 Assured Self Storage Facility Self Storage 87,400 Fee 1996
182 Staples - Valparaiso Retail 24,049 Fee 1998
183 Fruitland Grove Family Park Manufactured Housing 99 Fee 1956
184 Centennial Creek Office Park Office 28,540 Fee 1984
185 Park Lane Village Apartments (1L) Multifamily 75 Fee 1975
186 Rynearson Lane Village Apartments (1L) Multifamily 78 Fee 1971
187 Holiday Inn Express Ottawa Hotel 70 Fee 1994
188 Ross Apartments Multifamily 31 Fee 1954
189 339 S. Ardmore Apartments Multifamily 84 Fee 1972
<CAPTION>
Occupancy Cut-off Maturity/
Year Rate at Appraised Date LTV ARD
# Property Name Renovated U/W (6) Value Ratio Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
127 Triangle Corporate Center N/A 84.0% 5,600,000 71.2% 3,444,193
128 One West Hills Office N/A 100.0% 5,300,000 74.4% 3,471,762
129 Harper Regency Apartments N/A 97.0% 4,970,000 79.3% 1,611,618
130 Heritage Green Shopping Center N/A 100.0% 5,400,000 71.2% 3,401,088
131 Captain's Landing Apartments 1998 93.0% 5,350,000 71.1% 3,508,099
132 All Aboard Mini Storage - Fremont N/A 92.0% 5,150,000 73.5% 3,331,075
133 Century Plaza Strip Shopping Center (1K) N/A 100.0% 2,900,000 72.0% 1,649,552
134 Albany Square Strip Shopping Center (1K) N/A 100.0% 2,270,000 74.5% 1,335,352
135 Larrabee Complex 1975 100.0% 5,640,000 65.3% 2,936,804
136 Cedar Garden Apartments N/A 96.0% 4,600,000 79.9% 3,252,542
137 All Aboard Mini Storage - Stanton N/A 92.0% 4,800,000 76.4% 3,225,884
138 Windtree Apartments - Phase I 1993 100.0% 5,200,000 69.1% 3,184,223
139 Lake City Mini-Storage 1989 100.0% 5,150,000 69.6% 2,893,055
140 Huntington Mobile Estates 1995 100.0% 4,600,000 75.8% 3,072,396
141 Everhart Park Shopping Center N/A 98.0% 4,400,000 79.3% 3,003,433
142 Rafael North Executive Park N/A 100.0% 4,590,000 75.9% 2,887,686
143 Westwind Estates N/A 99.0% 4,310,000 79.8% 3,034,126
144 Hewlett Shopping Center N/A 100.0% 5,650,000 60.0% 2,984,974
145 Forest Park Village 1994 96.0% 4,100,000 79.8% 2,916,071
146 2700 Richards Building N/A 100.0% 4,250,000 76.2% 2,861,512
147 Lincoln Park Center N/A 100.0% 4,240,000 75.8% 2,849,838
148 Cedar Heights Apartments N/A 100.0% 4,100,000 75.5% 2,727,725
149 The North Oak Apartments 1993 92.0% 4,400,000 70.4% 2,720,749
150 Arrowhead Court Apartments N/A 98.0% 3,900,000 79.2% 2,703,540
151 The Citibank Building 1985 79.0% 4,350,000 71.0% 2,703,540
152 Petco/Starbucks S/C N/A 100.0% 4,100,000 75.1% 2,731,205
153 1870 Ogden Drive N/A 100.0% 3,850,000 79.9% 2,728,561
154 Woodland Park Office Building 1991 100.0% 5,000,000 60.9% 2,719,852
155 Costa Mesa Mobile Estates 1985 96.0% 3,890,000 77.0% 2,613,095
156 Tree Top Apartments N/A 95.0% 4,500,000 66.6% 2,652,410
157 Greenville Village Mobile Home Park 1987 99.0% 4,300,000 69.6% 2,436,535
158 Brookwood Village 1997 100.0% 4,300,000 69.5% 2,586,734
159 Rose Grove Mobile Home Park N/A 97.0% 9,150,000 32.7% 2,611,136
160 Little River Shopping Center 1996 100.0% 3,700,000 79.9% 2,508,391
161 The Amberton Apartments N/A 94.0% 3,640,000 79.4% 2,545,699
162 Best Western Worlds of Fun N/A N/A 4,300,000 67.2% 2,387,656
163 All Aboard Mini Storage - Anaheim N/A 92.0% 4,450,000 64.9% 2,542,136
164 Waterway Crossing Apartments N/A 64.0% 3,800,000 74.3% 2,164,148
165 The Borders Building 1995 50.0% 8,000,000 35.3% 1,341,480
166 Ken-Caryl Business Center N/A 100.0% 4,000,000 70.5% 2,480,775
167 Alta Vista Mobile Home Park N/A 95.0% 3,700,000 75.6% 2,607,622
168 Palm Springs Self Storage N/A 96.0% 4,640,000 60.1% 2,288,777
169 Holiday Inn Express Auburn N/A N/A 4,500,000 62.0% 2,240,018
170 Caruth Haven Retail Center 1991 96.0% 3,750,000 74.4% 2,449,997
171 3456 Ridge Property N/A 100.0% 3,820,000 73.0% 2,373,224
172 Campus Plaza Shopping Center N/A 90.0% 4,000,000 68.5% 2,414,025
173 All Aboard Mini Storage - San Gabriel N/A 95.0% 3,450,000 79.1% 2,401,881
174 Point O' Woods Apartments N/A 98.0% 3,400,000 79.9% 2,393,359
175 Williamsburg on the Lake Apartments N/A 96.0% 4,500,000 59.9% 2,186,749
176 Airport Business Center 1993 84.0% 3,575,000 75.4% 2,385,573
177 Staples - Wilmington N/A 100.0% 3,350,000 79.9% 2,373,026
178 Felicita Junction N/A 100.0% 3,640,000 73.4% 2,355,559
179 The Bordeaux Apartments 1997 97.0% 3,350,000 79.6% 2,240,377
180 High Point Village I Apartments N/A 93.0% 3,450,000 76.8% 2,349,951
181 Assured Self Storage Facility 1998 89.0% 3,550,000 74.5% 2,184,083
182 Staples - Valparaiso N/A 100.0% 3,200,000 79.9% 2,266,771
183 Fruitland Grove Family Park N/A 93.0% 3,150,000 79.5% 2,214,596
184 Centennial Creek Office Park N/A 100.0% 3,300,000 75.6% 2,180,520
185 Park Lane Village Apartments (1L) N/A 95.0% 1,630,000 82.5% 1,100,746
186 Rynearson Lane Village Apartments (1L) 1973 95.0% 1,570,000 73.0% 937,672
187 Holiday Inn Express Ottawa 1995 N/A 4,000,000 62.3% 2,000,016
188 Ross Apartments 1998 97.0% 4,225,000 58.9% 2,124,171
189 339 S. Ardmore Apartments N/A 96.0% 3,250,000 76.5% 2,143,793
<CAPTION>
Maturity/ARD U/W U/W
# Property Name LTV Ratio (7) NCF (8) DSCR (9)
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
127 Triangle Corporate Center 61.5% 430,309 1.41
128 One West Hills Office 65.5% 404,673 1.25
129 Harper Regency Apartments 32.4% 420,535 1.30
130 Heritage Green Shopping Center 63.0% 418,221 1.29
131 Captain's Landing Apartments 65.6% 379,610 1.20
132 All Aboard Mini Storage - Fremont 64.7% 419,044 1.36
133 Century Plaza Strip Shopping Center (1K) 56.9% 233,802 1.47
134 Albany Square Strip Shopping Center (1K) 58.8% 216,883 1.47
135 Larrabee Complex 52.1% 470,600 1.53
136 Cedar Garden Apartments 70.7% 383,413 1.24
137 All Aboard Mini Storage - Stanton 67.2% 406,330 1.36
138 Windtree Apartments - Phase I 61.2% 400,132 1.32
139 Lake City Mini-Storage 56.2% 422,341 1.36
140 Huntington Mobile Estates 66.8% 386,163 1.35
141 Everhart Park Shopping Center 68.3% 381,992 1.37
142 Rafael North Executive Park 62.9% 360,744 1.29
143 Westwind Estates 70.4% 344,733 1.21
144 Hewlett Shopping Center 52.8% 421,364 1.51
145 Forest Park Village 71.1% 343,163 1.22
146 2700 Richards Building 67.3% 338,887 1.25
147 Lincoln Park Center 67.2% 354,000 1.30
148 Cedar Heights Apartments 66.5% 320,314 1.25
149 The North Oak Apartments 61.8% 319,862 1.26
150 Arrowhead Court Apartments 69.3% 313,250 1.27
151 The Citibank Building 62.2% 344,452 1.39
152 Petco/Starbucks S/C 66.6% 326,170 1.25
153 1870 Ogden Drive 70.9% 328,356 1.26
154 Woodland Park Office Building 54.4% 323,640 1.22
155 Costa Mesa Mobile Estates 67.2% 329,715 1.38
156 Tree Top Apartments 58.9% 323,814 1.28
157 Greenville Village Mobile Home Park 56.7% 392,445 1.48
158 Brookwood Village 60.2% 323,517 1.41
159 Rose Grove Mobile Home Park 28.5% 598,395 2.52
160 Little River Shopping Center 67.8% 316,754 1.27
161 The Amberton Apartments 69.9% 302,350 1.27
162 Best Western Worlds of Fun 55.5% 375,710 1.40
163 All Aboard Mini Storage - Anaheim 57.1% 326,011 1.38
164 Waterway Crossing Apartments 57.0% 348,203 1.56
165 The Borders Building 16.8% 380,785 1.22
166 Ken-Caryl Business Center 62.0% 289,277 1.26
167 Alta Vista Mobile Home Park 70.5% 325,939 1.36
168 Palm Springs Self Storage 49.3% 363,027 1.44
169 Holiday Inn Express Auburn 49.8% 435,968 1.84
170 Caruth Haven Retail Center 65.3% 289,029 1.28
171 3456 Ridge Property 62.1% 295,618 1.47
172 Campus Plaza Shopping Center 60.4% 319,976 1.42
173 All Aboard Mini Storage - San Gabriel 69.6% 303,478 1.36
174 Point O' Woods Apartments 70.4% 297,240 1.32
175 Williamsburg on the Lake Apartments 48.6% 424,033 1.74
176 Airport Business Center 66.7% 298,101 1.32
177 Staples - Wilmington 70.8% 277,738 1.22
178 Felicita Junction 64.7% 276,898 1.25
179 The Bordeaux Apartments 66.9% 312,189 1.63
180 High Point Village I Apartments 68.1% 284,086 1.26
181 Assured Self Storage Facility 61.5% 319,385 1.30
182 Staples - Valparaiso 70.8% 263,712 1.22
183 Fruitland Grove Family Park 70.3% 269,093 1.30
184 Centennial Creek Office Park 66.1% 259,636 1.30
185 Park Lane Village Apartments (1L) 67.5% 158,897 1.28
186 Rynearson Lane Village Apartments (1L) 59.7% 128,642 1.28
187 Holiday Inn Express Ottawa 50.0% 389,479 1.84
188 Ross Apartments 50.3% 270,732 1.50
189 339 S. Ardmore Apartments 66.0% 256,182 1.29
</TABLE>
<PAGE>
Descriptions of the Mortgaged Properties
<TABLE>
<CAPTION>
Units/
Sq. Ft./
Property Rooms/ Fee Simple/ Year
# Property Name Type Pads Leasehold Built
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
190 Edgewater Beach Resort Hotel 86 Fee 1962
191 Fondren Hill Apartments Multifamily 96 Fee 1974
192 Cottonwood Plaza Mixed Use 45,778 Fee 1980
193 Southport Shops Retail 17,763 Fee 1997
194 Hawthorne Hill Apartments Multifamily 168 Fee 1968
195 Days Inn Waccamaw Hotel 159 Leasehold 1985
196 Turtle Oaks Apartments Multifamily 81 Fee 1962
197 Linden Place Mobile Home Park Manufactured Housing 162 Fee 1970
198 Moore Lake Commons Shopping Center Retail 64,905 Fee 1965
199 Imperial Manor West Apartments Multifamily 164 Fee 1963
200 Brown School Station Apts. Multifamily 112 Fee 1971
201 South Street Seaport Office Center Office 48,177 Leasehold 1750
202 Hathaway Commerce Center Industrial 67,214 Fee 1987
203 Corinthian Apartments Multifamily 55 Fee 1969
204 Walgreen's Drug Store - Swansea Retail 13,905 Fee 1997
205 Catalina Apartments Multifamily 120 Fee 1969
206 Devonshire Square Retail Center Retail 16,725 Fee 1965
207 1440 N. Vine Street Retail 14,401 Fee 1978
208 College Park Apartments Multifamily 88 Fee 1994
209 Country Brooke Apartments Multifamily 108 Fee 1968
210 Hillside View Apartments Multifamily 92 Fee 1986
211 Benihana Restaurant Retail 8,284 Fee 1977
212 Crosswinds Apartments Multifamily 64 Fee 1977
213 Imperial Plaza Retail Center Retail 26,337 Fee 1989
214 Twin Lakes Mobile Home Park Manufactured Housing 254 Fee 1970
215 Antietam Village Center Retail 26,789 Fee 1984
216 Gateway Shoppes Retail 21,920 Fee 1986
217 Red Onion Building Mixed Use 8,200 Fee 1892
218 526 South Ardmore Avenue Multifamily 63 Fee 1972
219 All Aboard Mini Storage - Santa Ana Self Storage 44,830 Fee 1995
220 Villa East I & II Office 49,725 Fee 1981
221 Courtyard Apartments Multifamily 84 Fee 1985
222 Sunset View Village Apartments Multifamily 48 Fee 1989
223 Wilmington Plaza Retail 54,401 Leasehold 1990
224 The Nations Bank Building Office 33,726 Fee 1983
225 Quail Ridge Apartments Multifamily 104 Fee 1973
226 Best Western KCI Airport Hotel 43 Fee 1987
227 Laurel Heights Apartments Multifamily 72 Fee 1984
228 El Monte Mobile Air Mobile Home Park Manufactured Housing 77 Fee 1951
229 Harold Gilstrap Shopping Center Retail 83,131 Fee 1982
230 Lakeside Apartments Multifamily 39 Fee 1995
231 Park Glen Apartments Multifamily 174 Fee 1971
232 St. Lucie Mobile Village Manufactured Housing 226 Fee 1970
233 Ravenscroft Apartments Multifamily 75 Fee 1965
234 Coach Country Corral MHP Manufactured Housing 82 Fee 1971
235 Seaside Village Shopping Center Retail 50,144 Fee 1985
236 Sherwood Park Apartments Multifamily 72 Fee 1979
237 Ravenna Plaza Retail 87,644 Fee 1978
238 Holiday Inn Express Oglesby Hotel 68 Fee 1995
239 Central/Magnolia Retail Center Mixed Use 17,556 Fee 1940
240 Rolling Hills Estates Manufactured Housing 217 Fee 1971
241 Saticoy-Royale Apartments Multifamily 65 Fee 1972
242 Holiday/Park Riviera Mobile Home Park Manufactured Housing 263 Fee 1970
243 Gottschalk's Department Store Retail 40,000 Fee 1979
244 Justin Apartments Multifamily 25 Fee 1993
245 Fountain Square Apartments Multifamily 120 Fee 1974
246 383 St. Johns Place Multifamily 16 Fee 1930
247 Days Inn Hotel 44 Fee 1997
248 Market Plaza Retail 22,534 Fee 1988
249 Michigan Plaza & Bender Plaza Office 63,331 Fee 1978
250 Mockingbird Park Retail Building Mixed Use 46,802 Leasehold 1986
251 Poolesville Village Center Retail 16,715 Fee 1989
252 Executive Park Offices Office 23,274 Fee 1983
<CAPTION>
Occupancy Cut-off Maturity/
Year Rate at Appraised Date LTV ARD
# Property Name Renovated U/W (6) Value Ratio Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
190 Edgewater Beach Resort 1980 N/A 4,000,000 62.2% 2,041,014
191 Fondren Hill Apartments 1996 99.0% 3,300,000 73.9% 2,091,383
192 Cottonwood Plaza N/A 100.0% 4,980,000 48.1% 2,107,584
193 Southport Shops N/A 91.0% 3,200,000 74.8% 2,106,786
194 Hawthorne Hill Apartments N/A 95.0% 3,920,000 61.0% 2,062,154
195 Days Inn Waccamaw 1997 N/A 4,100,000 58.2% 1,907,139
196 Turtle Oaks Apartments 1998 99.0% 3,190,000 73.4% 2,065,133
197 Linden Place Mobile Home Park N/A 98.0% 3,100,000 74.6% 1,866,992
198 Moore Lake Commons Shopping Center 1988 98.0% 3,300,000 69.6% 2,048,800
199 Imperial Manor West Apartments N/A 92.0% 2,900,000 78.7% 1,847,590
200 Brown School Station Apts. N/A 94.0% 2,825,000 79.6% 1,973,635
201 South Street Seaport Office Center 1997 99.0% 4,500,000 49.8% 1,831,031
202 Hathaway Commerce Center N/A 99.0% 3,020,000 72.7% 1,943,800
203 Corinthian Apartments N/A 95.0% 3,810,000 57.4% 1,910,779
204 Walgreen's Drug Store - Swansea 1997 100.0% 2,800,000 78.0% 1,927,620
205 Catalina Apartments N/A 100.0% 2,840,000 76.5% 1,925,166
206 Devonshire Square Retail Center 1998 100.0% 2,915,000 72.7% 1,756,798
207 1440 N. Vine Street N/A 100.0% 2,900,000 72.2% 1,831,430
208 College Park Apartments N/A 99.0% 2,750,000 75.9% 1,830,291
209 Country Brooke Apartments 1995 94.0% 2,625,000 78.3% 1,802,967
210 Hillside View Apartments N/A 98.0% 2,900,000 70.3% 66,344
211 Benihana Restaurant N/A 100.0% 2,650,000 75.4% 1,631,298
212 Crosswinds Apartments 1978 98.0% 2,700,000 73.9% 1,756,048
213 Imperial Plaza Retail Center N/A 92.0% 2,710,000 73.6% 1,646,466
214 Twin Lakes Mobile Home Park 1976 99.0% 2,600,000 76.6% 1,606,232
215 Antietam Village Center N/A 86.0% 2,700,000 73.7% 1,612,189
216 Gateway Shoppes N/A 100.0% 2,680,000 74.2% 1,583,730
217 Red Onion Building 1984 100.0% 4,100,000 48.5% 1,578,148
218 526 South Ardmore Avenue N/A 97.0% 2,500,000 79.4% 1,719,864
219 All Aboard Mini Storage - Santa Ana N/A 95.0% 2,680,000 70.4% 1,660,278
220 Villa East I & II N/A 100.0% 2,900,000 64.4% 1,665,162
221 Courtyard Apartments N/A 100.0% 2,365,000 78.1% 1,626,015
222 Sunset View Village Apartments N/A 92.0% 2,320,000 79.6% 1,609,124
223 Wilmington Plaza N/A 100.0% 2,800,000 65.8% 1,632,322
224 The Nations Bank Building N/A 100.0% 3,400,000 54.1% 1,293,130
225 Quail Ridge Apartments 1996 94.0% 2,410,000 75.9% 1,601,116
226 Best Western KCI Airport N/A N/A 2,750,000 66.2% 1,504,957
227 Laurel Heights Apartments N/A 97.0% 2,250,000 79.6% 1,561,038
228 El Monte Mobile Air Mobile Home Park N/A 96.0% 2,300,000 77.8% 1,581,037
229 Harold Gilstrap Shopping Center N/A 97.0% 2,600,000 68.7% 1,438,078
230 Lakeside Apartments N/A 100.0% 2,775,000 64.2% 488,843
231 Park Glen Apartments 1992 99.0% 2,700,000 64.6% 1,522,133
232 St. Lucie Mobile Village N/A 90.0% 2,800,000 62.3% 1,405,453
233 Ravenscroft Apartments N/A 92.0% 2,350,000 74.1% 1,507,295
234 Coach Country Corral MHP N/A 100.0% 2,375,000 73.0% 1,408,622
235 Seaside Village Shopping Center N/A 83.0% 3,000,000 57.4% 1,416,495
236 Sherwood Park Apartments N/A 99.0% 2,600,000 65.2% 1,315,427
237 Ravenna Plaza 1998 100.0% 2,860,000 59.3% 1,396,965
238 Holiday Inn Express Oglesby N/A N/A 2,900,000 58.4% 1,360,011
239 Central/Magnolia Retail Center 1989 100.0% 2,260,000 74.7% 1,476,474
240 Rolling Hills Estates N/A 92.0% 2,340,000 72.1% 1,371,077
241 Saticoy-Royale Apartments N/A 100.0% 2,200,000 75.7% 1,465,972
242 Holiday/Park Riviera Mobile Home Park N/A 99.0% 2,060,000 79.5% 1,336,089
243 Gottschalk's Department Store 1994 100.0% 2,300,000 69.7% 1,307,662
244 Justin Apartments N/A 100.0% 2,425,000 65.9% 1,404,476
245 Fountain Square Apartments N/A 83.0% 2,200,000 72.5% 1,289,701
246 383 St. Johns Place 1998 96.0% 2,000,000 79.7% 1,396,851
247 Days Inn N/A N/A 2,750,000 57.9% 1,301,094
248 Market Plaza 1989 100.0% 2,500,000 62.6% 1,118,106
249 Michigan Plaza & Bender Plaza 1992 90.0% 2,625,000 58.9% 1,273,429
250 Mockingbird Park Retail Building N/A 96.0% 3,000,000 51.2% 1,335,877
251 Poolesville Village Center 1990 100.0% 1,910,000 79.6% 1,347,233
252 Executive Park Offices N/A 95.0% 1,925,000 77.9% 1,333,008
<CAPTION>
Maturity/ARD U/W U/W
# Property Name LTV Ratio (7) NCF (8) DSCR (9)
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
190 Edgewater Beach Resort 51.0% 317,175 1.40
191 Fondren Hill Apartments 63.4% 239,799 1.33
192 Cottonwood Plaza 42.3% 377,424 1.92
193 Southport Shops 65.8% 249,897 1.27
194 Hawthorne Hill Apartments 52.6% 270,357 1.49
195 Days Inn Waccamaw 46.5% 294,722 1.48
196 Turtle Oaks Apartments 64.7% 233,715 1.20
197 Linden Place Mobile Home Park 60.2% 277,440 1.39
198 Moore Lake Commons Shopping Center 62.1% 245,905 1.23
199 Imperial Manor West Apartments 63.7% 284,864 1.44
200 Brown School Station Apts. 69.9% 219,798 1.21
201 South Street Seaport Office Center 40.7% 353,923 1.76
202 Hathaway Commerce Center 64.4% 249,639 1.35
203 Corinthian Apartments 50.2% 346,996 2.01
204 Walgreen's Drug Store - Swansea 68.8% 220,044 1.22
205 Catalina Apartments 67.8% 238,787 1.30
206 Devonshire Square Retail Center 60.3% 262,983 1.32
207 1440 N. Vine Street 63.2% 260,240 1.55
208 College Park Apartments 66.6% 202,138 1.21
209 Country Brooke Apartments 68.7% 219,014 1.33
210 Hillside View Apartments 2.3% 239,606 1.26
211 Benihana Restaurant 61.6% 228,878 1.27
212 Crosswinds Apartments 65.0% 227,211 1.39
213 Imperial Plaza Retail Center 60.8% 263,199 1.43
214 Twin Lakes Mobile Home Park 61.8% 271,848 1.58
215 Antietam Village Center 59.7% 232,782 1.34
216 Gateway Shoppes 59.1% 232,300 1.41
217 Red Onion Building 38.5% 227,410 1.39
218 526 South Ardmore Avenue 68.8% 222,603 1.38
219 All Aboard Mini Storage - Santa Ana 62.0% 202,980 1.32
220 Villa East I & II 57.4% 206,609 1.28
221 Courtyard Apartments 68.8% 213,784 1.40
222 Sunset View Village Apartments 69.4% 175,789 1.21
223 Wilmington Plaza 58.3% 194,476 1.25
224 The Nations Bank Building 38.0% 273,705 1.50
225 Quail Ridge Apartments 66.4% 195,528 1.34
226 Best Western KCI Airport 54.7% 236,864 1.40
227 Laurel Heights Apartments 69.4% 206,258 1.47
228 El Monte Mobile Air Mobile Home Park 68.7% 218,879 1.48
229 Harold Gilstrap Shopping Center 55.3% 259,819 1.71
230 Lakeside Apartments 17.6% 231,063 1.38
231 Park Glen Apartments 56.4% 193,547 1.40
232 St. Lucie Mobile Village 50.2% 214,430 1.43
233 Ravenscroft Apartments 64.1% 192,877 1.45
234 Coach Country Corral MHP 59.3% 198,945 1.32
235 Seaside Village Shopping Center 47.2% 204,940 1.30
236 Sherwood Park Apartments 50.6% 188,722 1.36
237 Ravenna Plaza 48.8% 195,219 1.25
238 Holiday Inn Express Oglesby 46.9% 247,822 1.72
239 Central/Magnolia Retail Center 65.3% 181,971 1.35
240 Rolling Hills Estates 58.6% 224,339 1.52
241 Saticoy-Royale Apartments 66.6% 184,516 1.35
242 Holiday/Park Riviera Mobile Home Park 64.9% 209,835 1.44
243 Gottschalk's Department Store 56.9% 195,623 1.37
244 Justin Apartments 57.9% 158,407 1.21
245 Fountain Square Apartments 58.6% 190,882 1.38
246 383 St. Johns Place 69.8% 162,275 1.27
247 Days Inn 47.3% 201,447 1.41
248 Market Plaza 44.7% 220,836 1.54
249 Michigan Plaza & Bender Plaza 48.5% 189,622 1.33
250 Mockingbird Park Retail Building 44.5% 154,133 1.28
251 Poolesville Village Center 70.5% 171,998 1.34
252 Executive Park Offices 69.2% 160,925 1.25
</TABLE>
<PAGE>
Descriptions of the Mortgaged Properties
<TABLE>
<CAPTION>
Units/
Sq. Ft./
Property Rooms/ Fee Simple/ Year
# Property Name Type Pads Leasehold Built
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
253 Citadel Square Shopping Center (5) Retail 50,173 Fee 1977
254 Sherwood Mobile Home Estates Manufactured Housing 206 Fee 1968
255 Ware's Van & Storage Co. Industrial 56,600 Fee 1973
256 Sunrise Terrace Mobile Home Park Manufactured Housing 54 Fee 1962
257 Best Western Country Inn North Hotel 44 Fee 1988
258 Woodlake Resort Village Apartments Multifamily 50 Fee 1986
259 Plantation Pines Apartments Multifamily 88 Fee 1973
260 Pacific Mini Storage Self Storage 65,763 Fee 1967
261 Sunridge Apartments Multifamily 99 Fee 1971
262 Parkside Place Apartments Multifamily 84 Fee 1971
263 Courtyards of Granbury Mixed Use 47,340 Fee 1985
264 University Apartments Multifamily 62 Fee 1954
265 Isaqueena Village Apartments Multifamily 60 Fee 1972
266 Turtle Dove I Apartments Multifamily 79 Fee 1972
267 Carson Gardens Mobile Home Park Manufactured Housing 98 Fee 1934
268 Valerie Apartments Multifamily 64 Fee 1964
269 Huddersfield Apartments Multifamily 31 Fee 1940
270 1457 & 1519 - 1527 Park Road, NW Multifamily 78 Fee 1909
271 Winter Garden Village Apartments Multifamily 64 Fee 1972
272 Long Point Plaza Apartments Multifamily 85 Fee 1960
273 The Place of Tempe Apartments Multifamily 30 Fee 1964
274 Valley Garden Apartments Multifamily 48 Fee 1962
275 Devereaux Apartments Multifamily 59 Fee 1968
276 Bloomingdale Shopping Center Retail 11,000 Fee 1989
277 Cottonwood Apartments Multifamily 30 Fee 1983
278 Royal North Apartments Multifamily 85 Fee 1973
279 Turtle Dove II Apartments Multifamily 40 Fee 1968
Total/Weighted Average:
Maximum:
Minimum:
<CAPTION>
Occupancy Cut-off Maturity/
Year Rate at Appraised Date LTV ARD
# Property Name Renovated U/W (6) Value Ratio Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
253 Citadel Square Shopping Center (5) N/A 98.0% 2,150,000 69.8% 1,344,797
254 Sherwood Mobile Home Estates 1985 94.0% 1,900,000 78.6% 1,204,511
255 Ware's Van & Storage Co. 1986 100.0% 2,000,000 74.5% 1,048,641
256 Sunrise Terrace Mobile Home Park 1965 100.0% 1,850,000 78.1% 1,266,897
257 Best Western Country Inn North N/A N/A 2,100,000 68.8% 1,193,416
258 Woodlake Resort Village Apartments 1994 94.0% 1,800,000 77.4% 1,230,898
259 Plantation Pines Apartments 1996 95.0% 2,000,000 67.4% 1,105,985
260 Pacific Mini Storage 1994 86.0% 2,200,000 61.2% 1,112,243
261 Sunridge Apartments 1996 95.0% 1,830,000 73.3% 1,099,857
262 Parkside Place Apartments 1997 99.0% 1,800,000 71.7% 892,843
263 Courtyards of Granbury 1992 96.0% 1,800,000 72.0% 1,155,032
264 University Apartments 1998 92.0% 1,700,000 74.0% 1,019,315
265 Isaqueena Village Apartments 1994 90.0% 1,730,000 71.9% 1,084,348
266 Turtle Dove I Apartments 1997 100.0% 1,730,000 70.8% 1,000,027
267 Carson Gardens Mobile Home Park 1955 99.0% 1,550,000 76.9% 1,056,337
268 Valerie Apartments N/A 100.0% 1,340,000 79.9% 869,968
269 Huddersfield Apartments 1998 100.0% 1,500,000 70.6% 863,822
270 1457 & 1519 - 1527 Park Road, NW 1997 96.0% 1,580,000 66.4% 858,954
271 Winter Garden Village Apartments N/A 98.0% 1,425,000 70.0% 812,178
272 Long Point Plaza Apartments N/A 96.0% 1,240,000 76.7% 665,405
273 The Place of Tempe Apartments 1998 100.0% 1,200,000 74.9% 734,084
274 Valley Garden Apartments 1998 96.0% 1,500,000 59.8% 731,099
275 Devereaux Apartments 1998 95.0% 1,130,000 78.5% 727,068
276 Bloomingdale Shopping Center N/A 91.0% 1,100,000 72.5% 649,743
277 Cottonwood Apartments 1997 93.0% 1,160,000 68.7% 38,784
278 Royal North Apartments 1997 98.0% 980,000 73.3% 596,383
279 Turtle Dove II Apartments N/A 95.0% 1,000,000 67.5% 551,035
--------------------------------------------------------
Total/Weighted Average: 96.2% $1,758,067,000 73.2% $1,054,815,909
========================================================
Maximum: 100.0% $ 39,000,000 82.5% $ 26,589,367
Minimum: 50.0% $ 650,000 16.2% $ 38,784
<CAPTION>
Maturity/ARD U/W U/W
# Property Name LTV Ratio (7) NCF (8) DSCR (9)
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
253 Citadel Square Shopping Center (5) 62.5% 193,811 1.37
254 Sherwood Mobile Home Estates 63.4% 184,157 1.43
255 Ware's Van & Storage Co. 52.4% 183,158 1.24
256 Sunrise Terrace Mobile Home Park 68.5% 157,819 1.35
257 Best Western Country Inn North 56.8% 187,874 1.40
258 Woodlake Resort Village Apartments 68.4% 157,372 1.37
259 Plantation Pines Apartments 55.3% 156,306 1.27
260 Pacific Mini Storage 50.6% 179,744 1.44
261 Sunridge Apartments 60.1% 147,157 1.21
262 Parkside Place Apartments 49.6% 164,658 1.34
263 Courtyards of Granbury 64.2% 141,596 1.20
264 University Apartments 60.0% 157,654 1.43
265 Isaqueena Village Apartments 62.7% 151,341 1.55
266 Turtle Dove I Apartments 57.8% 146,577 1.33
267 Carson Gardens Mobile Home Park 68.2% 138,047 1.39
268 Valerie Apartments 64.9% 146,951 1.55
269 Huddersfield Apartments 57.6% 132,650 1.40
270 1457 & 1519 - 1527 Park Road, NW 54.4% 125,535 1.32
271 Winter Garden Village Apartments 57.0% 111,930 1.26
272 Long Point Plaza Apartments 53.7% 123,475 1.33
273 The Place of Tempe Apartments 61.2% 109,070 1.35
274 Valley Garden Apartments 48.7% 117,741 1.48
275 Devereaux Apartments 64.3% 110,125 1.36
276 Bloomingdale Shopping Center 59.1% 91,276 1.29
277 Cottonwood Apartments 3.3% 111,566 1.35
278 Royal North Apartments 60.9% 100,651 1.50
279 Turtle Dove II Apartments 55.1% 90,279 1.49
---------------------------------------
Total/Weighted Average: 62.6% $146,507,174 1.39 x
=======================================
Maximum: 73.7% $ 3,241,994 2.54 x
Minimum: 12.9% $ 65,758 1.19 x
</TABLE>
(1A) The Mortgage Loans secured by Hampton Inn - Elmsford, Quality Suites -
Charleston, Courtyard by Marriott - Ann Arbor, Residence Inn - Phoenix,
Homewood Suites - Cary, Hampton Inn & Suites - Gwinnett, Hampton Inn -
Raleigh, Comfort Suites - Orlando, Hampton Inn - Perimeter, Hampton Inn -
Charlotte, NC, Courtyard by Marriott - Wilmington, Hampton Inn - West
Springfield, Homewood Suites - Clear Lake and Comfort Inn - Charleston,
respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Kendal Lakes Plaza, Cypress Creek Station and
Oakwood Business Center, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Westchase Ranch Apartments, Westwood Village
Apartments, Normandy Woods Apartments, Savoy Manor Apartments and San Marin
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by 2294 Molly Pitcher Highway, 5015 Campuswood
Drive, 5010 Campuswood Drive and 5009 Campuswood Drive, respectively, are
cross-collateralized and cross-defaulted.
(1E) The Mortgage Loans secured by Keller Oaks Apartments, Sycamore Hill
Apartments, Claredon Apartments and Woodchase Condominiums, respectively,
are cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Princeton Court Apartments, Pinewood Estates
Apartments and Arbor Court Apartments, resepectively, are
cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by U-Store of Brightion Self Storage Facility,
U-Store of South Lyon Self Storage Facility, U-Store of Saline Self Storage
Facility, U-Store of Davison Self Storage Facility, U-Store of Holly Self
Storage Facility and U-Store of Jackson Self Storage Facility,
respectively, are cross-collateralized and cross-defaulted.
(1H) The Mortgage Loans secured by Cranbrook Centre Apartments and Cranbrook
Centre Office Buildings, respectively, are cross-collateralized and
cross-defaulted.
(1I) The Mortgage Loans secured by Mobile Gardens/Holly View Mobile Home Park,
Stony Chase/Rock Creek Mobile Home Park and Briarwood Manor, respectively
are cross-collateralized and cross-defaulted.
(1J) The Mortgage Loans secured by Spruce Properties, Oak Grove Apartments and
Aldrich Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1K) The Mortgage Loans secured by Century Plaza Strip Shopping Center and
Alabany Square Strip Shopping Center, respectively, are
cross-collateralized and cross-defaulted.
(1L) The Mortgage Loans secured by Park Lane Village Apartments and Rynearson
Lane Village Apartments, respectively, are cross-collateralized and
cross-defaulted.
(2) The Mortgage Loan secured by Dallas Design Center Roll-Up is secured by 18
buildings that are operated as a single property.
(3) Marycrest Shopping Center has an interest only period of 24 months from
origination and thereafter is scheduled to amortize over 360 months with
the payment presented reflecting the amount due during the amortization
term.
(4) Merchant's Square has an interest only period of 24 months from origination
and thereafter is scheduled to amortize over 336 months with the payment
presented reflecting the amount due during the amortization term.
(5) Citadel Square Shopping Center has an interest only period of 36 months
from origination and thereafter is scheduled to amortize over 300 months
with the payment presented reflecting the amount due during the
amortization term.
(6) Does not include any Mortgage Loans secured by hotel properties.
(7) At maturity with respect to Balloon Loans, Fully Amortizing Loans or at the
ARD in the case of ARD Loans. There can be no assurance that the value of
any particular Mortgaged Property will not have declined from the original
appraised value. Weighted Average, Maximum and Minimum presented are
calculated without regard to any Fully Amortizing Loans.
(8) Underwriting NCF reflects the Net Cash Flow after U/W Replacement Reserves,
U/W LC's and TI's and FF&E.
(9) U/W DSCR is based on the amount of the monthly payments presented. In the
case of cross-collaterlized and cross-defaulted Mortgage Loans the combined
U/W DSCR is presented for each and every related Mortgage Loans.
<PAGE>
Mortgage Loans by State
<TABLE>
<CAPTION>
Weighted
Aggregate Percentage of Aggregate Average Weighted
Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
State of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Texas 53 $ 247,283,354 19.7% $ 336,735,000 74.8% $ 26,830,147 1.30 x
California 43 169,156,706 13.5% 224,475,000 75.7% 18,349,370 1.31
Florida 19 123,548,452 9.9% 166,055,000 75.9% 14,470,940 1.34
Michigan 17 59,538,902 4.8% 85,440,000 71.6% 7,094,284 1.44
Tennessee 2 45,946,295 3.7% 61,100,000 75.4% 4,665,653 1.28
North Carolina 9 42,498,892 3.4% 71,980,000 62.2% 6,708,057 1.89
Pennsylvania 4 40,233,429 3.2% 51,200,000 78.7% 4,359,882 1.35
Massachusetts 6 37,807,595 3.0% 55,020,000 70.6% 4,657,265 1.39
Louisiana 5 36,317,290 2.9% 47,285,000 76.9% 4,262,254 1.34
Virginia 3 34,591,554 2.8% 44,300,000 78.1% 3,803,213 1.33
Georgia 7 32,757,166 2.6% 51,060,000 67.3% 4,638,761 1.72
Ohio 9 31,646,065 2.5% 42,530,000 75.2% 3,449,242 1.33
Colorado 8 30,301,170 2.4% 44,900,000 68.2% 3,268,985 1.30
South Carolina 8 28,520,688 2.3% 51,630,000 64.8% 4,551,345 1.74
New Jersey 7 28,088,527 2.2% 39,650,000 72.3% 3,100,154 1.29
New York 7 26,991,196 2.2% 42,700,000 66.3% 3,990,488 1.76
Illinois 9 25,704,850 2.1% 35,815,000 72.5% 3,052,494 1.44
Indiana 7 23,789,539 1.9% 33,100,000 72.6% 2,857,589 1.42
Washington 7 19,746,085 1.6% 26,925,000 73.8% 2,158,475 1.31
Maryland 6 18,946,349 1.5% 28,010,000 69.0% 2,314,716 1.46
New Hampshire 5 18,607,922 1.5% 27,020,000 69.8% 1,844,395 1.30
Nevada 4 15,870,796 1.3% 20,880,000 76.3% 1,673,076 1.27
Oklahoma 1 14,487,822 1.2% 18,400,000 78.7% 1,580,202 1.27
Arizona 4 13,558,040 1.1% 27,490,000 54.7% 2,834,125 1.99
Maine 3 11,724,123 0.9% 18,540,000 63.3% 1,348,219 1.35
Wisconsin 2 10,492,750 0.8% 13,975,000 75.1% 1,099,881 1.27
Kansas 1 9,841,203 0.8% 12,700,000 77.5% 1,085,388 1.40
Oregon 2 7,277,959 0.6% 14,524,000 60.5% 1,069,603 1.82
Missouri 4 7,043,268 0.6% 10,280,000 68.7% 910,573 1.39
Mississippi 3 6,841,796 0.5% 9,040,000 75.8% 761,378 1.37
Minnesota 4 6,785,324 0.5% 9,103,000 74.8% 792,948 1.36
Alabama 3 6,780,746 0.5% 9,050,000 74.9% 713,334 1.27
Connecticut 1 6,300,000 0.5% 9,000,000 70.0% 713,267 1.26
District of Columbia 2 5,651,491 0.5% 7,380,000 77.0% 606,363 1.26
Delaware 2 4,962,484 0.4% 6,225,000 79.7% 540,560 1.35
New Mexico 1 1,546,334 0.1% 2,625,000 58.9% 189,622 1.33
Utah 1 1,499,290 0.1% 1,925,000 77.9% 160,925 1.25
------------------------------------------------------------------------------------------------------
Total/Weighted Average: 279 $ 1,252,685,456 100.0% $ 1,758,067,000 73.2% $ 146,507,174 1.39 x
======================================================================================================
<CAPTION>
Weighted
Average Weighted
Occupancy Average
Rate at Year Built/
State U/W (3) Renovated (4)
- -----------------------------------------------------
<S> <C> <C>
Texas 94.5% 1990
California 97.1% 1984
Florida 96.8% 1992
Michigan 94.6% 1983
Tennessee 93.7% 1990
North Carolina 98.3% 1989
Pennsylvania 99.8% 1990
Massachusetts 97.9% 1985
Louisiana 95.9% 1995
Virginia 99.1% 1989
Georgia 98.1% 1992
Ohio 97.5% 1989
Colorado 99.7% 1987
South Carolina 93.6% 1991
New Jersey 93.1% 1976
New York 98.2% 1988
Illinois 93.8% 1992
Indiana 97.1% 1993
Washington 97.6% 1985
Maryland 91.9% 1980
New Hampshire 98.0% 1983
Nevada 98.6% 1989
Oklahoma 98.0% 1997
Arizona 98.9% 1986
Maine 100.0% 1990
Wisconsin 89.9% 1987
Kansas 96.0% 1998
Oregon 98.8% 1961
Missouri 95.0% 1988
Mississippi 96.9% 1983
Minnesota 99.0% 1982
Alabama 95.7% 1982
Connecticut 96.0% 1996
District of Columbia 96.8% 1993
Delaware 94.1% 1988
New Mexico 90.0% 1992
Utah 95.0% 1983
---------------------
Total/Weighted Average: 96.2% 1988
=====================
</TABLE>
(1) Assumes a Cut-off Date of March 1, 1999.
(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 include 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
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 107 $ 455,089,577 36.3% $ 597,813,000 76.5% $ 48,435,252 1.30 x
Retail 59 310,401,887 24.8% 411,345,000 76.3% 34,215,081 1.30
Hotel 26 116,339,043 9.3% 228,520,000 54.5% 21,932,302 2.13
Office 24 110,681,155 8.8% 155,190,000 71.9% 12,517,937 1.31
Mixed Use 18 103,267,224 8.2% 150,325,000 69.7% 11,362,797 1.32
Manufactured Housing 24 82,350,974 6.6% 112,424,000 75.4% 9,372,408 1.38
Industrial 5 35,309,656 2.8% 48,150,000 74.5% 4,070,189 1.42
Self Storage 16 39,245,939 3.1% 54,300,000 72.8% 4,601,207 1.36
-----------------------------------------------------------------------------------------------------
Total/Weighted Average: 279 $1,252,685,456 100.0% $1,758,067,000 73.2% $146,507,174 1.39 x
=====================================================================================================
<CAPTION>
Weighted
Average Weighted
Occupancy Average
Rate at Year Built/
Property Type U/W (3) Renovated (4)
- -------------------------------------------------------
<S> <C> <C>
Multifamily 95.4% 0 1986
Retail 97.0% 1991
Hotel N/A 1995
Office 97.3% 1988
Mixed Use 96.4% 1989
Manufactured Housing 97.4% 1976
Industrial 96.1% 1988
Self Storage 93.4% 1993
---------------------------
Total/Weighted Average: 96.2% 1988
===========================
</TABLE>
(1) Assumes a Cut-off Date of March 1, 1999.
(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 include 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 Sub-Type
<TABLE>
<CAPTION>
Weighted
Aggregate Percentage of Aggregate Average
Number Cut-off Date Initial Appraised Cut-off Date Aggregate
Property Type Property Sub-Type of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Hotel
Limited Service 23 $ 92,969,978 7.4% $ 192,520,000 51.5% $ 18,209,538
Full Service 3 23,369,066 1.9% 36,000,000 66.8% 3,722,763
------------------------------------------------------------------------------------------
Total/Weighted Average: 26 $ 116,339,043 9.3% $ 228,520,000 54.5% $ 21,932,302
==========================================================================================
Retail
Anchored 34 $ 235,441,576 18.8% $ 311,520,000 76.5% $ 25,774,251
Unanchored 25 74,960,311 6.0% 99,825,000 75.5% 8,440,831
------------------------------------------------------------------------------------------
Total/Weighted Average: 59 $ 310,401,887 24.8% $ 411,345,000 76.3% $ 34,215,081
==========================================================================================
Mixed Use
Office/Retail 10 $ 43,495,630 3.5% $ 63,180,000 70.4% $ 4,854,625
Office/Showroom 1 17,479,737 1.4% 26,400,000 66.2% 1,917,103
Office/Industrial 4 17,403,573 1.4% 26,845,000 65.8% 1,973,182
Office/Theater 1 16,753,085 1.3% 22,800,000 73.5% 1,757,340
Marina/Retail 1 6,838,329 0.5% 9,300,000 73.5% 718,951
Multifamily/Self Storage 1 1,296,871 0.1% 1,800,000 72.0% 141,596
------------------------------------------------------------------------------------------
Total/Weighted Average: 18 $ 103,267,224 8.2% $ 150,325,000 69.7% $ 11,362,797
==========================================================================================
<CAPTION>
Weighted
Average Weighted
Weighted Occupancy Average
Average Rate at Year Built/
Property Type Property Sub-Type U/W DSCR U/W (3) Renovated (4)
- --------------------------------------------------------------------------------
Hotel
<S> <C> <C> <C>
Limited Service 2.24 x N/A 1995
Full Service 1.71 N/A 1996
--------------------------------------
Total/Weighted Average: 2.13 x N/A 1995
======================================
Retail
Anchored 1.29 x 97.3% 1992
Unanchored 1.33 95.9% 1988
--------------------------------------
Total/Weighted Average: 1.30 x 97.0% 1991
======================================
Mixed Use
Office/Retail 1.34 x 97.0% 1988
Office/Showroom 1.30 98.0% 1995
Office/Industrial 1.39 88.4% 1991
Office/Theater 1.26 100.0% 1979
Marina/Retail 1.19 100.0% 1994
Multifamily/Self Storage 1.20 96.0% 1992
--------------------------------------
Total/Weighted Average: 1.32 x 96.4% 1989
======================================
</TABLE>
(1) Assumes a Cut-off Date of March 1, 1999.
(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 include 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 Weighted
Range of Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
U/W DSCRs of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1.190 x - 1.290 108 $ 631,478,078 50.4% $ 832,015,000 76.5% $ 66,218,793 1.25 x
1.300 - 1.390 87 334,357,110 26.7% 452,359,000 74.4% 37,112,178 1.33
1.400 - 1.490 46 154,796,906 12.4% 210,278,000 74.2% 18,618,715 1.42
1.500 - 1.590 12 24,598,983 2.0% 37,105,000 67.1% 3,160,809 1.53
1.600 - 2.540 x 26 107,454,379 8.6% 226,310,000 50.2% 21,396,679 2.29
---------------------------------------------------------------------------------------------------
Total/Weighted Average: 279 $1,252,685,456 100.0% $1,758,067,000 73.2% $146,507,174 1.39 x
===================================================================================================
<CAPTION>
Average Weighted
Occupancy Average
Range of Rate at Year Built/
U/W DSCRs U/W (3) Renovated (4)
- -----------------------------------------------------------
<S> <C> <C>
1.190 x - 1.290 96.6% 1988
1.300 - 1.390 95.7% 1987
1.400 - 1.490 96.4% 1989
1.500 - 1.590 94.4% 1978
1.600 - 2.540 x 93.8% 1992
-------------------
Total/Weighted Average: 96.2% 1988
===================
</TABLE>
Maximum Underwriting DSCR: 2.54 x
Minimum Underwriting DSCR: 1.19 x
Wtd. Avg. Underwriting DSCR: 1.39 x
(1) Assumes a Cut-off Date of March 1, 1999.
(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 include 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 Weighted
Cut-off Date Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
LTV Ratios of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
16.20% - 50.00% 18 $ 77,184,406 6.2% $ 181,050,000 44.1% $ 16,277,547 2.42 x
50.01% - 60.00% 19 55,551,024 4.4% 96,970,000 57.4% 7,716,668 1.59
60.01% - 70.00% 41 125,826,621 10.0% 190,465,000 66.2% 14,717,161 1.36
70.01% - 75.00% 73 279,229,072 22.3% 382,560,000 73.0% 31,157,755 1.32
75.01% - 80.00% 121 662,639,360 52.9% 843,004,000 78.6% 71,113,311 1.30
80.01% - 82.50% 7 52,254,974 4.2% 64,018,000 81.6% 5,524,733 1.25
---------------------------------------------------------------------------------------------------
Total/Weighted Average: 279 $1,252,685,456 100.0% $1,758,067,000 73.2% $146,507,174 1.39 x
===================================================================================================
<CAPTION>
Weighted
Average Weighted
Range of Occupancy Average
Cut-off Date Rate at Year Built/
LTV Ratios U/W (3) Renovated (4)
- ----------------------------------------------------------
<S> <C> <C>
16.20% - 50.00% 87.7% 1994
50.01% - 60.00% 92.7% 1984
60.01% - 70.00% 97.9% 1990
70.01% - 75.00% 94.9% 1988
75.01% - 80.00% 96.8% 1987
80.01% - 82.50% 97.5% 1991
-------------------
Total/Weighted Average: 96.2% 1988
===================
</TABLE>
Maximum Cut-off Date LTV Ratio: 82.5%
Minimum Cut-off Date LTV Ratio: 16.2%
Wtd. Avg. Cut-off Date LTV Ratio: 73.2%
(1) Assumes a Cut-off Date of March 1, 1999.
(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 include 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 Weighted
Range of Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
U/W DSCRs of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1.190 x - 1.290 108 $ 631,478,078 50.4% $ 832,015,000 76.5% $ 66,218,793 1.25 x
1.300 - 1.390 87 334,357,110 26.7% 452,359,000 74.4% 37,112,178 1.33
1.400 - 1.490 46 154,796,906 12.4% 210,278,000 74.2% 18,618,715 1.42
1.500 - 1.590 12 24,598,983 2.0% 37,105,000 67.1% 3,160,809 1.53
1.600 - 2.540 x 26 107,454,379 8.6% 226,310,000 50.2% 21,396,679 2.29
---------------------------------------------------------------------------------------------------
Total/Weighted Average: 279 $1,252,685,456 100.0% $1,758,067,000 73.2% $146,507,174 1.39 x
===================================================================================================
<CAPTION>
Average Weighted
Occupancy Average
Range of Rate at Year Built/
U/W DSCRs U/W (3) Renovated (4)
- -----------------------------------------------------------
<S> <C> <C>
1.190 x - 1.290 96.6% 1988
1.300 - 1.390 95.7% 1987
1.400 - 1.490 96.4% 1989
1.500 - 1.590 94.4% 1978
1.600 - 2.540 x 93.8% 1992
-------------------
Total/Weighted Average: 96.2% 1988
===================
</TABLE>
Maximum Underwriting DSCR: 2.54 x
Minimum Underwriting DSCR: 1.19 x
Wtd. Avg. Underwriting DSCR: 1.39 x
(1) Assumes a Cut-off Date of March 1, 1999.
(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 include 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 Weighted
Cut-off Date Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
LTV Ratios of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
16.20% - 50.00% 18 $ 77,184,406 6.2% $ 181,050,000 44.1% $ 16,277,547 2.42 x
50.01% - 60.00% 19 55,551,024 4.4% 96,970,000 57.4% 7,716,668 1.59
60.01% - 70.00% 41 125,826,621 10.0% 190,465,000 66.2% 14,717,161 1.36
70.01% - 75.00% 73 279,229,072 22.3% 382,560,000 73.0% 31,157,755 1.32
75.01% - 80.00% 121 662,639,360 52.9% 843,004,000 78.6% 71,113,311 1.30
80.01% - 82.50% 7 52,254,974 4.2% 64,018,000 81.6% 5,524,733 1.25
---------------------------------------------------------------------------------------------------
Total/Weighted Average: 279 $1,252,685,456 100.0% $1,758,067,000 73.2% $146,507,174 1.39 x
===================================================================================================
<CAPTION>
Weighted
Average Weighted
Range of Occupancy Average
Cut-off Date Rate at Year Built/
LTV Ratios U/W (3) Renovated (4)
- ----------------------------------------------------------
<S> <C> <C>
16.20% - 50.00% 87.7% 1994
50.01% - 60.00% 92.7% 1984
60.01% - 70.00% 97.9% 1990
70.01% - 75.00% 94.9% 1988
75.01% - 80.00% 96.8% 1987
80.01% - 82.50% 97.5% 1991
-------------------
Total/Weighted Average: 96.2% 1988
===================
</TABLE>
Maximum Cut-off Date LTV Ratio: 82.5%
Minimum Cut-off Date LTV Ratio: 16.2%
Wtd. Avg. Cut-off Date LTV Ratio: 73.2%
(1) Assumes a Cut-off Date of March 1, 1999.
(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 include 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
<TABLE>
<CAPTION>
Range of Weighted
Original Aggregate Percentage of Aggregate Average Weighted
Amortization Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
Terms (Months) of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
180 - 239 3 $ 9,950,692 0.8% $ 17,525,000 64.1% $ 1,281,688 1.31 x
240 - 299 7 9,970,526 0.8% 15,000,000 67.4% 1,317,004 1.37
300 - 311 86 264,096,668 21.1% 441,230,000 63.5% 39,812,842 1.71
312 - 360 183 968,667,570 77.3% 1,284,312,000 76.0% 104,095,639 1.30
---------------------------------------------------------------------------------------------------
Total/Weighted Average: 279 $1,252,685,456 100.0% $1,758,067,000 73.2% $146,507,174 1.39 x
===================================================================================================
<CAPTION>
Weighted
Range of Average Weighted
Original Occupancy Average
Amortization Rate at Year Built/
Terms (Months) U/W (3) Renovated (4)
- ------------------------------------------------------------
<S> <C> <C>
180 - 239 85.8% 1987
240 - 299 98.5% 1986
300 - 311 95.5% 1991
312 - 360 96.4% 1987
------------------------------
Total/Weighted Average: 96.2% 1988
==============================
</TABLE>
Maximum Original Amortization Term (Months): 360
Minimum Original Amortization Term (Months): 180
Wtd. Avg. Original Amortization Term (Months): 345
(1) Assumes a Cut-off Date of March 1, 1999.
(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.
Original Terms to Stated Maturity (1)
<TABLE>
<CAPTION>
Weighted
Range of Aggregate Percentage of Aggregate Average Weighted
Original Terms Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
to Maturity (Months) of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
60 - 108 6 $ 46,088,506 3.7% $ 60,070,000 76.8% $ 4,805,737 1.29 x
109 - 120 261 1,148,111,527 91.7% 1,622,018,000 72.8% 135,160,785 1.40
121 - 204 5 13,549,427 1.1% 18,249,000 74.8% 1,555,949 1.38
205 - 300 7 44,935,996 3.6% 57,730,000 77.9% 4,984,703 1.31
--------------------------------------------------------------------------------------------------
Total/Weighted Average: 279 $1,252,685,456 100.0% $1,758,067,000 73.2% $146,507,174 1.39 x
==================================================================================================
<CAPTION>
Weighted
Average Weighted
Range of Occupancy Average
Original Terms Rate at Year Built/
to Maturity (Months) U/W (4) Renovated (5)
- -------------------------------------------------------------
<S> <C> <C>
60 - 108 95.1% 1984
109 - 120 96.2% 1988
121 - 204 92.4% 1981
205 - 300 98.6% 1993
------------------------------
Total/Weighted Average: 96.2% 1988
==============================
</TABLE>
Maximum Original Term to Maturity (Months): 300
Minimum Original Term to Maturity (Months): 60
Wtd. Avg. Original Term to Maturity (Months): 125
(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 March 1, 1999.
(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
<TABLE>
<CAPTION>
Weighted
Aggregate Percentage of Aggregate Average Weighted
Range of Remaining Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
Amort. Terms (Months) of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
177 - 239 9 $ 18,357,342 1.5% $ 30,025,000 66.0% $ 2,377,856 1.32 x
240 - 299 83 255,960,545 20.4% 429,850,000 63.2% 38,889,744 1.72
300 - 313 5 14,842,115 1.2% 20,880,000 71.1% 1,762,918 1.35
314 - 360 182 963,525,455 76.9% 1,277,312,000 76.0% 103,476,656 1.30
-----------------------------------------------------------------------------------------------------
Total/Weighted Average: 279 $1,252,685,456 100.0% $1,758,067,000 73.2% $146,507,174 1.39 x
=====================================================================================================
<CAPTION>
Weighted
Average Weighted
Occupancy Average
Range of Remaining Rate at Year Built/
Amort. Terms (Months) U/W (3) Renovated (4)
- --------------------------------------------------------------
<S> <C> <C>
177 - 239 91.5% 1986
240 - 299 95.5% 1991
300 - 313 97.9% 1993
314 - 360 96.4% 1987
--------------------------------
Total/Weighted Average: 96.2% 1988
================================
</TABLE>
Maximum Remaining Amortization Term (Months): 360
Minimum Remaining Amortization Term (Months): 177
Wtd. Avg. Remaining Amortization Term (Months): 342
(1) Assumes a Cut-off Date of March 1, 1999.
(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 include any Mortgage Loans secured by hotel properties.
(4) 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 Weighted
Range of Remaining Terms Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
to Stated Maturity (Months) of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
58 - 108 7 $ 48,782,931 3.9% $ 64,570,000 75.9% $ 5,229,770 0 1.31 x
109 - 120 260 1,145,417,102 91.4% 1,617,518,000 72.9% 134,736,751 1.40
121 - 204 5 13,549,427 1.1% 18,249,000 74.8% 1,555,949 1.38
205 - 289 7 44,935,996 3.6% 57,730,000 77.9% 4,984,703 1.31
-----------------------------------------------------------------------------------------------------
Total/Weighted Average: 279 $1,252,685,456 100.0% $1,758,067,000 73.2% $146,507,174 1.39 x
=====================================================================================================
<CAPTION>
Weighted
Average Weighted
Occupancy Average
Range of Remaining Terms Rate at Year Built/
to Stated Maturity (Months) U/W (4) Renovated (5)
- --------------------------------------------------------------
<S> <C> <C>
58 - 108 95.1% 1983
109 - 120 96.2% 1988
121 - 204 92.4% 1981
205 - 289 98.6% 1993
--------------------------------
Total/Weighted Average: 96.2% 1988
================================
</TABLE>
Maximum Remaining Term to Maturity (Months): 289
Minimum Remaining Term to Maturity (Months): 58
Wtd. Avg. Remaining Term to Maturity (Months): 122
(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 March 1, 1999.
(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 include 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 Weighted
Range of Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
Mortgage Rates of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
5.960% - 6.499% 9 $ 23,677,724 1.9% $ 33,310,000 71.9% $ 2,740,283 1.44 x
6.500% - 6.749% 11 58,718,671 4.7% 77,995,000 75.9% 6,063,772 1.33
6.750% - 6.999% 30 152,042,451 12.1% 204,685,000 75.9% 16,631,033 1.36
7.000% - 7.249% 55 258,866,516 20.7% 344,875,000 75.5% 28,365,262 1.34
7.250% - 7.499% 74 359,148,517 28.7% 557,384,000 68.2% 47,038,823 1.54
7.500% - 7.999% 88 307,513,241 24.5% 418,913,000 74.1% 34,732,862 1.31
8.000% - 8.440% 12 92,718,334 7.4% 120,905,000 76.9% 10,935,139 1.30
------------------------------------------------------------------------------------------------------
Total/Weighted Average: 279 $1,252,685,456 100.0% $1,758,067,000 73.2% $146,507,174 1.39 x
======================================================================================================
<CAPTION>
Weighted
Average Weighted
Occupancy Average
Range of Rate at Year Built/
Mortgage Rates U/W (3) Renovated (4)
- ---------------------------------------------------------------
<S> <C> <C>
5.960% - 6.499% 98.7% 1987
6.500% - 6.749% 94.6% 1986
6.750% - 6.999% 96.8% 1987
7.000% - 7.249% 94.6% 1988
7.250% - 7.499% 96.2% 1988
7.500% - 7.999% 97.1% 1987
8.000% - 8.440% 97.9% 1994
---------------------------------
Total/Weighted Average: 96.2% 1988
=================================
</TABLE>
Maximum Mortgage Rate: 8.440% per annum
Minimum Mortgage Rate: 5.960% per annum
Wtd. Avg. Mortgage Rate: 7.317% per annum
(1) Assumes a Cut-off Date of March 1, 1999.
(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 include 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 Weighted
Range of Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
Cut-off Date Balances of Loans Balance (1) Pool Balance Value LTV Ratio U/W NCF (2) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
$ 515,267 - 749,999 4 $ 2,480,311 0.2% $ 3,400,000 73.2% $ 327,322 1.43 x
750,000 - 1,249,999 17 17,174,799 1.4% 23,638,000 73.0% 2,095,579 1.37
1,250,000 - 1,999,999 63 104,815,403 8.4% 157,495,000 70.0% 13,167,284 1.39
2,000,000 - 2,999,999 60 152,593,198 12.2% 226,625,000 69.6% 18,160,119 1.41
3,000,000 - 3,999,999 33 116,312,485 9.3% 165,980,000 71.8% 13,133,390 1.38
4,000,000 - 4,999,999 22 99,675,950 8.0% 140,724,000 73.0% 12,061,120 1.46
5,000,000 - 5,999,999 17 91,965,164 7.3% 133,560,000 71.9% 12,057,941 1.57
6,000,000 - 9,999,999 39 282,766,080 22.6% 404,555,000 72.3% 34,459,002 1.44
10,000,000 - 14,999,999 13 158,129,681 12.6% 206,210,000 76.8% 17,124,648 1.28
15,000,000 - 19,999,999 6 99,435,972 7.9% 134,130,000 74.5% 10,413,371 1.30
20,000,000 - 24,999,999 3 67,309,732 5.4% 86,650,000 77.7% 7,256,475 1.28
25,000,000 - $ 30,446,295 2 60,026,682 4.8% 75,100,000 80.0% 6,250,924 1.27
----------------------------------------------------------------------------------------------------
Total/Weighted Average: 279 $1,252,685,456 100.0% $1,758,067,000 73.2% $146,507,174 1.39 x
====================================================================================================
<CAPTION>
Weighted
Average Weighted
Occupancy Average
Range of Rate at Year Built/
Cut-off Date Balances U/W (3) Renovated (4)
- ---------------------------------------------------------------
<S> <C> <C>
$ 515,267 - 749,999 94.8% 1985
750,000 - 1,249,999 96.0% 1986
1,250,000 - 1,999,999 96.0% 1984
2,000,000 - 2,999,999 94.8% 1986
3,000,000 - 3,999,999 96.6% 1985
4,000,000 - 4,999,999 95.8% 1988
5,000,000 - 5,999,999 95.4% 1991
6,000,000 - 9,999,999 96.5% 1988
10,000,000 - 14,999,999 95.5% 1992
15,000,000 - 19,999,999 97.9% 1985
20,000,000 - 24,999,999 98.3% 1996
25,000,000 - $ 30,446,295 96.0% 1991
---------------------------------
Total/Weighted Average: 96.2% 1988
=================================
</TABLE>
Maximum Cut-off Date Balance: $30,446,295
Minimum Cut-off Date Balance: $515,269
Average Cut-off Date Balance: $4,489,912
(1) Assumes a Cut-off Date of March 1, 1999.
(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 include any Mortgage Loans secured by hotel properties.
(4) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
Years Built/Years Renovated (1)
<TABLE>
<CAPTION>
Weighted
Range of Aggregate Percentage of Aggregate Average Weighted
Years Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
Built/Renovated of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1951 - 1960 6 $ 12,819,010 1.0% $ 23,040,000 62.7% 0 $ 1,769,253 1.68 x
1961 - 1970 24 79,789,581 6.4% 105,354,000 76.2% 8,822,132 1.33
1971 - 1980 40 168,025,746 13.4% 229,455,000 74.1% 18,525,757 1.33
1981 - 1990 83 330,990,240 26.4% 441,525,000 75.4% 36,229,066 1.31
1991 - 1998 126 661,060,879 52.8% 958,693,000 71.7% 81,160,966 1.44
-------------------------------------------------------------------------------------------------------
Total/Weighted Average: 279 $1,252,685,456 100.0% $1,758,067,000 73.2% $146,507,174 1.39 x
=======================================================================================================
<CAPTION>
Weighted
Average Weighted
Range of Occupancy Average
Years Rate at Year Built/
Built/Renovated U/W (4) Renovated (1)
- ---------------------------------------------------------
<S> <C> <C>
1951 - 1960 97.0% 1956
1961 - 1970 96.7% 1967
1971 - 1980 97.3% 1976
1981 - 1990 95.7% 1986
1991 - 1998 96.1% 1996
-----------------------------
Total/Weighted Average: 96.2% 1988
=============================
</TABLE>
Most Recent Year Built/Renovated: 1998
Oldest Year Built/Renovated: 1951
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 March 1, 1999.
(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 include any Mortgage Loans secured by hotel properties.
Occupancy Rates at Underwriting (1)
<TABLE>
<CAPTION>
Weighted
Range of Aggregate Percentage of Aggregate Average Weighted
Occupancy Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average
Rates at U/W of Loans Balance (2) Pool Balance Value LTV Ratio U/W NCF (3) U/W DSCR
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
44.0% - 69.9% 2 $ 5,648,370 0.5% $ 11,800,000 54.8% $ 728,988 1.39 x
70.0% - 79.9% 2 4,425,045 0.4% 6,025,000 73.6% 484,768 1.38
80.0% - 89.9% 15 55,761,841 4.5% 82,755,000 68.3% 6,387,418 1.35
90.0% - 94.9% 50 239,045,962 19.1% 315,045,000 76.2% 26,132,176 1.31
95.0% - 100.0% 184 831,465,195 66.4% 1,113,922,000 75.4% 90,841,523 1.31
-------------------------------------------------------------------------------------------------------
Total/Weighted Average: 253 $1,136,346,413 90.7% $1,529,547,000 75.1% $124,574,872 1.31 x
=======================================================================================================
<CAPTION>
Weighted
Average Weighted
Range of Occupancy Average
Occupancy Rate at Year Built/
Rates at U/W U/W (1) Renovated (4)
- ---------------------------------------------------------
<S> <C> <C>
44.0% - 69.9% 57.0% 1990
70.0% - 79.9% 78.7% 1985
80.0% - 89.9% 85.6% 1990
90.0% - 94.9% 92.8% 1989
95.0% - 100.0% 98.3% 1987
-----------------------------
Total/Weighted Average: 96.2% 1987
=============================
</TABLE>
Maximum Occupancy Rate at Underwriting: 100.0%
Minimum Occupancy Rate at Underwriting: 50.0%
Wtd. Avg. Occupancy Rate at Underwriting: 96.2%
(1) Does not include any Mortgage Loans secured by hotel properties.
(2) Assumes a Cut-off Date of March 1, 1999.
(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 Weighted
Average Average
Remaining Remaining Weighted
Range of Aggregate Percentage of Lockout Lockout Average
Remaining Terms to Number of Cut-off Date Initial Period Plus YM Period Maturity
Stated Maturity (Years) (1) Loans Balance (2) Pool Balance (Years) (Years) (Years)
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
4.0 - 4.9 1 $ 7,137,562 0.6% 4.6 4.6 4.8
6.0 - 6.9 4 35,148,655 2.8% 6.4 6.4 6.8
7.0 - 7.9 1 3,802,289 0.3% 3.8 6.7 7.2
8.0 - 8.9 1 2,694,425 0.2% 1.8 8.8 8.8
9.0 - 9.9 254 1,107,587,102 88.4% 9.1 9.4 9.8
10.0 - 10.9 6 37,830,000 3.0% 9.2 9.6 10.0
11.0 - 11.9 1 2,956,573 0.2% 11.6 11.6 11.9
14.0 - 14.9 4 10,592,854 0.8% 11.5 14.1 14.6
19.0 - 19.9 4 22,141,083 1.8% 9.9 18.4 19.7
24.0 - 24.9 3 22,794,913 1.8% 8.6 20.8 24.0
-----------------------------------------------------------------------------------------
Total/Weighted Average: 279 $ 1,252,685,456 100.0% 9.0 9.7 10.1
=========================================================================================
</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 March 1, 1999.
Prepayment Option
<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 Option Loans Balance (1) Pool Balance (Years) (Years) (Years) (2)
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Lockout / Defeasance 254 $ 1,147,218,645 91.6% 9.4 9.4 9.7
Lockout / Yield Maintenance 24 104,021,536 8.3% 5.4 13.7 14.7
Lockout 1 1,445,275 0.1% 1.7 1.7 9.7
-----------------------------------------------------------------------------------------
Total/Weighted Average: 279 $ 1,252,685,456 100.0% 9.0 9.7 10.1
=========================================================================================
</TABLE>
(1) Assumes a Cut-off Date of March 1, 1999.
(2) 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.
<PAGE>
Mortgage Pool Prepayment Profile (1)
<TABLE>
<CAPTION>
Prepayment Provision % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool
As of the Cut-off Date Mar-99 Mar-00 Mar-01 Mar-02 Mar-03 Mar-04 Mar-05 Mar-06
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Lockout 100.0% 100.0% 99.7% 96.2% 95.2% 95.0% 95.0% 94.8%
Yield Maint. Premium 0.0% 0.0% 0.2% 3.6% 4.7% 4.9% 4.9% 4.7%
Open 0.0% 0.0% 0.1% 0.1% 0.1% 0.1% 0.1% 0.4%
------------------------------------------------------------------------------------------------
Total: 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
================================================================================================
Outstanding
Balance (mm): $1,252.7 $1,240.2 $1,226.6 $1,211.8 $1,195.8 $1,172.1 $1,153.8 $1,101.9
Number of Loans: 279 279 279 279 279 278 278 274
<CAPTION>
Prepayment Provision % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool
As of the Cut-off Date Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Lockout 94.8% 92.5% 20.1% 20.2% 15.4% 15.4% 15.4% 1.3%
Yield Maint. Premium 5.1% 6.0% 77.0% 77.0% 81.7% 81.9% 76.2% 95.8%
Open 0.1% 1.6% 2.9% 2.8% 2.9% 2.7% 8.4% 2.9%
------------------------------------------------------------------------------------------------
Total: 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
================================================================================================
Outstanding
Balance (mm): $1,077.8 $1,053.6 $47.0 $45.4 $41.1 $39.2 $37.3 $28.0
Number of Loans: 273 272 12 12 11 11 11 7
<CAPTION>
Prepayment Provision % of Pool % of Pool % of Pool % of Pool
As of the Cut-off Date Mar-15 Mar-16 Mar-17 Mar-18
- -----------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Lockout 1.1% 1.0% 0.8% 0.5%
Yield Maint. Premium 96.3% 96.8% 97.5% 85.3%
Open 2.6% 2.2% 1.7% 14.2%
-----------------------------------------------
Total: 100.0% 100.0% 100.0% 100.0%
===============================================
Outstanding
Balance (mm): $26.1 $24.1 $21.9 $19.6
Number of Loans: 7 7 7 7
</TABLE>
(1) Calculated assuming that no Mortgage Loan prepays, defaults or is
repurchased prior to stated maturity, except that the ARD Loans are assumed
to pay in full on their respective Anticipated Repayment Dates. Otherwise
calculated based on Maturity Assumptions to be set forth in the final
prospectus supplement.
