DLJ COMMERCIAL MORTGAGE CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,
SERIES 2000-CKP1
$1,174,599,000
(APPROXIMATE)
OFFERED CERTIFICATES
[LOGO] COLUMN FINANCIAL
[LOGO] KEY BANK
[LOGO] PRUDENTIAL
Prudential Securities Donaldson, Lufkin & Jenrette
Credit Suisse First Boston McDonald Investments Salomon Smith Barney
a KeyCorp Company
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
TRANSACTION OFFERINGS:
--------- ------------- --------------- ----------- --------- --------- ------ ---------- ------------ -------------- -------------
PERCENTAGE
INITIAL OF INITIAL INITIAL
AGGREGATE MORTGAGE PASS- WTD.
PRINCIPAL POOL CREDIT THROUGH AVG. PRINCIPAL
CLASS RATINGS(1) BALANCE BALANCE SUPPORT RATE(2) LIFE(3) MATURITY(3) WINDOW(3) LEGAL STATUS ERISA (4)
----- ------- ------- ---------- ------- --------- ---- -------- ------ ------------ -----
Publicly Offered Certificates:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1A Aaa/AAA $ 210,537,000 16.31% 22.50% % 5.7 8/09 12/00-8/09 Public Yes
A-1B Aaa/AAA 789,808,000 61.19% 22.50% % 9.6 8/10 8/09-8/10 Public Yes
A-2 Aa2/AA 51,631,000 4.00% 18.50% % 9.8 9/10 8/10-9/10 Public No
A-3 A2/A 58,084,000 4.50% 14.00% % 9.8 9/10 9/10-9/10 Public No
A-4 A3/A- 16,135,000 1.25% 12.75% % 9.8 9/10 9/10-9/10 Public No
B-1 Baa1/BBB+ 16,134,000 1.25% 11.50% % 9.9 10/10 9/10-10/10 Public No
B-2 Baa2/BBB 25,816,000 2.00% 9.50% % 9.9 10/10 10/10-10/10 Public No
B-3 Baa3/BBB- 6,454,000 0.50% 9.00% % 9.9 10/10 10/10-10/10 Public No
Privately Offered Certificates(5):
S -- -- -- -- -- -- -- -- Private-144A --
B-4 -- -- -- -- -- -- -- -- Private-144A --
B-5 -- -- -- -- -- -- -- -- Private-144A --
B-6 -- -- -- -- -- -- -- -- Private-144A --
B-7 -- -- -- -- -- -- -- -- Private-144A --
B-8 -- -- -- -- -- -- -- -- Private-144A --
B-9 -- -- -- -- -- -- -- -- Private-144A --
C -- -- -- -- -- -- -- -- Private-144A --
--------- ------------- ------------- ------------- --------- --------- ------ ---------- ------------ -------------- -------------
</TABLE>
(1) Moody's Investors Service, Inc. / Fitch, Inc.
(2) Classes _, _ and _ will be fixed rate. Classes _, _ and _ will be fixed
subject to the net WAC of the pool.
(3) Assumes 0% CPR, no defaults, no extensions and ARD Loans pay in full on
their anticipated repayment dates. Otherwise based on "Maturity
Assumptions" set forth in the prospectus supplement. Expressed in years.
(4) Expected to be eligible for each of the Underwriters' individual prohibited
transaction, if any, exemption under ERISA.
(5) Not offered herein. Classes B-4, B-5, B-6, B-7, B-8, B-9 and C have been
previously placed. Class S is being marketed privately. Privately offered
certificates will also include a class D and class R, neither of which has
a principal balance or accrues interest.
--------------------------------------------------------------------------------
Originator Profile:
------------------
94 of the mortgage loans, representing 40.2% of the initial mortgage pool
balance, were originated or acquired by Column Financial, Inc. ("Column").
Column was established in August 1993 and is an indirect wholly owned subsidiary
of Donaldson, Lufkin & Jenrette, Inc. (which has announced its agreement to be
acquired by Credit Suisse First Boston Group). Column has originated more than
2,100 commercial mortgage loans, totaling approximately $11.0 billion, since its
inception. Column sources, underwrites and closes various mortgage loan products
through 18 production offices located throughout the country. All of the Column
mortgage loans in this transaction were originated or acquired between 1998 and
2000.
86 of the mortgage loans, representing 28.5% of the initial mortgage pool
balance, were originated or acquired by KeyBank National Association
("KeyBank"). KeyBank, a wholly owned subsidiary of KeyCorp, is a national
banking association. KeyBank, headquartered in Cleveland, OH, provides financial
services, including commercial and multifamily real estate financing, throughout
the United States. As of June 30, 2000, KeyBank had total assets of
approximately $75.9 billion, total liabilities of approximately $69.7 billion
and approximately $6.2 billion in stockholder's equity. For the same period, Key
Commercial Real Estate, a division of KeyBank, had total assets of approximately
$7.8 billion comprised of construction and interim loans, CMBS investments, and
conduit and other fixed rate permanent loans. Key Commercial Mortgage, a
division of Key Commercial Real Estate, has originated over $2.6 billion in
commercial mortgage loans since its inception and has a current servicing
portfolio of $ 6.3 billion.
52 of the mortgage loans, representing 31.4% of the initial mortgage pool
balance, were originated or acquired by Prudential Mortgage Capital Company, LLC
("PMCC"). PMCC, an indirect wholly owned subsidiary of The Prudential Insurance
Company of America, was established in August 1997. PMCC has originated more
than 300 commercial mortgage loans totaling approximately $2.83 billion since
its inception. PMCC sources, underwrites and closes various mortgage loan
products through production offices in Atlanta, GA, Newark, NJ, San Francisco,
CA and Chicago, IL.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
COLLATERAL OVERVIEW:
<S> <C>
o Initial Mortgage Pool Balance: $1,290,768,164
o Average Cut-off Date
Principal Balance: $5,563,656
o Loans/Properties: 232 loans / 244 properties
o Property Type: Retail (30.7%), Multifamily (30.3%), Office (25.3%), Other (13.7%)
o Geographic Distribution: 40 States and the District of Columbia. CA (14.6%; South 10.3%/North 4.3%),
TX (12.4%), NY (9.5%), Other (63.5%)
o Amortization Types: Balloon (72.1%), ARD (23.8%), Fully Amortizing (4.1%)
o Wtd. Avg. U/W DSCR: 1.38x
o Wtd. Avg. Cut-off Date
LTV Ratio: 68.5%
o Appraisals: 100% of the appraisals state that they follow the guidelines set forth in
Title XI of FIRREA.
o Largest Loan: 6.8%
o Five Largest Loans: 20.6%
o Ten Largest Loans: 31.4%
o Wtd. Avg. Remaining
Term to Maturity(1): 117 months
o Wtd. Avg. Seasoning: 5 months
o Gross WAC: 8.297%
o Call Protection: All of the mortgage loans provide for either a prepayment lockout period
("Lockout"), a defeasance period ("Defeasance"), a yield maintenance premium
("YMP") period, a prepayment premium ("PP") period or a combination thereof.
o Defeasance: 86.8%
o Credit Tenant Lease: None
o Participation Loans: None
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 3
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
(1) In the case of ARD Loans, the anticipated repayment date is assumed to be
the maturity date for the purpose of this analysis.
COLLATERAL OVERVIEW (CONTINUED):
--------------------------------
<TABLE>
<S> <C>
o Loans with Secured
Subordinate Debt: 5.5%
o Leasehold: 13.0%
o Delinquency: None of the mortgage loans will be 30 days or more delinquent with
respect to any monthly debt service payment as of November 1,
2000 or at any time during the 12-month period preceding that date.
TRANSACTION OVERVIEW:
---------------------
o Structure: Senior/subordinated, sequential pay pass-through certificates.
o Co-Lead Managers: Donaldson, Lufkin & Jenrette Securities Corporation(1) and Prudential
Securities Incorporated
o Co-Managers: Credit Suisse First Boston Corporation, McDonald Investments Inc. and
Salomon Smith Barney Inc.
o Mortgage Loan Sellers: Column Financial, Inc., KeyBank National Association and Prudential
Mortgage Capital Funding, LLC ("PMCF")
o Rating Agencies: Moody's Investors Service, Inc. / Fitch, Inc.
o Master Servicer and
Special Sub-Servicer: Key Corporate Capital Inc. d/b/a Key Commercial Mortgage
o Special Servicer: Midland Loan Services, Inc.
o Trustee: Wells Fargo Bank Minnesota, N.A.
o Cut-off Date: November 1, 2000
o Settlement Date: On or about November 3, 2000
o Payment Date: The 10th day of the month, or if such day is not a business day, the
following business day, but no sooner than the 4th business day after
the 4th day of the month.
</TABLE>
(1) In connection with the announced acquisition of Donaldson Lufkin &
Jenrette, Inc. by the Credit Suisse First Boston, Inc., to the extent
required or permitted under applicable law or regulation, Donaldson
Lufkin & Jenrette Securities Corporation may act through or in
conjunction with Credit Suisse First Boston Corporation in performing
certain of its duties relating hereto.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 4
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
TRANSACTION OVERVIEW (CONTINUED):
<S> <C>
o Delivery: The Depository Trust Company ("DTC") through Cede & Co.
(in the United States) or Clearstream Banking, societe'
anonyme' or The Euroclear System (in Europe).
o ERISA: Classes A-1A, A-1B and S are expected to be eligible for each
of the underwriters' individual prohibited transaction exemptions
with respect to ERISA, subject to certain conditions of eligibility.
o Tax Treatment: REMIC
o Servicer Option to Terminate
Trust: 1%
o Analytics: Cashflows are expected to be available through Bloomberg, the Trepp
Group, Intex Solutions and Charter Research.
o Extensions: The special servicer will be responsible for performing
various functions with respect to mortgage loans in the
trust that, in general, are in default or as to which
default is imminent, and for administering any REO
properties. The pooling and servicing agreement will
generally permit the special servicer to modify, waive or
amend any term of any mortgage loan if it determines, in
accordance with the servicing standard, that it is
appropriate to do so. The special servicer will not be
permitted to grant any extension of the maturity of a
mortgage loan beyond 60 months after its stated maturity
date.
o Controlling Class: The controlling class may through a representative advise,
appoint and replace the special servicer. In general, the
controlling class will be the most subordinate class of
certificates which has a current total principal balance no
less than 25% of its original total principal balance.
o Advances: The master servicer will be obligated to make
advances of scheduled principal and interest payments,
excluding balloon payments, subject to recoverability
determination and appraisal reductions. If the master
servicer fails to make a required P & I advance and the
trustee is aware of the failure, the trustee will be
obligated to make that advance.
o Appraisal Reductions: In general, an Appraisal Reduction Amount will be the
amount, if any, by which the unpaid principal balance of a
specially serviced mortgage loan, plus other amounts overdue
in connection with that loan, exceeds 90% of the appraised
value of the related mortgaged real property. Any resulting
Appraisal Reduction Amount will reduce proportionately the
interest portion, but not the principal portion, of any
amount of P&I advances for the loan, which reduction will
likely result in a reduction of interest distributable to
the most subordinate interest-bearing class of series
2000-CKP1 certificates outstanding. In general, an Appraisal
Reduction Amount will be reduced to zero as of the date the
related mortgage loan has been brought current for at least
three consecutive months, paid in full, liquidated,
repurchased, or otherwise disposed of. Appraisal Reduction
Amounts will not effect class sizes for the purposes of
determining the series 2000-CKP1 controlling class.
</TABLE>
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 5
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
STRUCTURE DESCRIPTION:
----------------------
[GRAPHICS]
Based on the "Maturity Assumptions" set forth in the Prospectus Supplement and a
0% CPR (except ARD Loans paid in full on their respective anticipated repayment
dates).
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 6
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
INTEREST DISTRIBUTIONS:
-----------------------
Each interest-bearing class of series 2000-CKP1 certificates will be entitled on
each payment date to interest accrued at its pass-through rate on the total
principal balance or notional amount of that class outstanding immediately prior
to the related payment date. All classes will pay interest on a 30/360 basis.
PRINCIPAL DISTRIBUTIONS:
------------------------
Available principal will be paid on each payment date to the following classes
of series 2000-CKP1 certificates in the following sequential order: class A-1A,
A-1B, A-2, A-3, A-4, B-1, B-2, B-3, B-4, B-5, B-6, B-7, B-8, B-9 and C (the
"Principal Balance Certificates"). However, if classes A-2 through C have been
retired as a result of losses and additional trust fund expenses, classes A-1A
and A-1B will receive principal on a pro-rata basis.
REALIZED LOSSES AND EXPENSES:
-----------------------------
Realized losses from any mortgage loan in the trust and additional trust fund
expenses will be allocated to the outstanding classes of Principal Balance
Certificates in the following sequential order: class C, B-9, B-8, B-7, B-6,
B-5, B-4, B-3, B-2, B-1, A-4, A-3 and A-2. If Classes A-2 through C have been
reduced to $0 by losses and additional trust fund expenses, future losses and
additional trust fund expenses shall be applied to classes A-1A and A-1B
pro-rata.
CREDIT ENHANCEMENTS:
--------------------
Credit enhancement for each class of publicly registered certificates of series
2000-CKP1 will be provided by the classes of series 2000-CKP1 certificates which
are subordinate in priority with respect to payments of interest and principal.
ALLOCATION OF YIELD MAINTENANCE AND PERCENTAGE PREPAYMENT PREMIUMS:
-------------------------------------------------------------------
In the case of most mortgage loans that provide for the payment of prepayment
consideration in connection with a voluntary prepayment, that prepayment
consideration will generally equal:
o an amount calculated pursuant to a yield maintenance formula (a "Yield
Maintenance Premium Amount");
o the greater of (i) a Yield Maintenance Premium Amount and (ii) an amount
equal to either a specified dollar amount or a percentage of the subject
prepayment (a "Yield Maintenance Minimum Amount"); or
o an amount equal to a percentage of the subject prepayment, which percentage
may decline over time (a "Percentage Prepayment Premium Amount").
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 7
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
ALLOCATION OF YIELD MAINTENANCE AND PERCENTAGE PREPAYMENT PREMIUMS (CONTINUED):
-------------------------------------------------------------------------------
Any Yield Maintenance Premium Amount collected will be distributed to the
publicly class S certificates and the offered classes of the series 2000-CKP1
certificates as follows:
o the holders of each class of the class A-1A, A-1B, A-2, A-3, A-4, B-1, B-2
and B-3 certificates (the "Premium P&I Certificates") then entitled to
receive payments of principal will be entitled to receive a portion of such
Yield Maintenance Premium Amount equal to the product of (i) the entire
Yield Maintenance Premium Amount, multiplied by (ii) a fraction (not
greater than one or less than zero), the numerator of which is equal to the
pass-through rate for that class minus a discount rate based on then
current U.S. Treasury rates, and the denominator rate of which is equal to
the mortgage interest rate for the prepaid mortgage loan minus that same
discount rate, multiplied by (iii) a fraction (not greater than one or less
than zero), the numerator of which is the amount of principal payments to
which that class is then entitled, and the denominator of which is equal to
the total principal payments then payable with respect to all the series
2000-CKP1 certificates; and
o the holders of the class S certificates will be entitled to the remaining
portion of such Yield Maintenance Premium Amount.
Any Yield Maintenance Minimum Amount collected on the mortgage loans will be
distributed entirely to the holders of the class S certificates.
25% of any Percentage Prepayment Premium Amount collected on the mortgage loans
will be distributed among those classes of Premium P&I Certificates then
entitled to payments of principal, on a pro-rata basis in accordance with the
respective amounts of principal then payable on each of those classes. The
entire remaining amount of such Percentage Prepayment Premium Amount will be
distributed to the holders of the class S certificates.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 8
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
STRATIFICATION:
MORTGAGED REAL PROPERTIES BY STATE
<TABLE>
<CAPTION>
WEIGHTED
NUMBER OF PERCENTAGE OF AVERAGE WEIGHTED
MORTGAGED CUT-OFF DATE INITIAL MORTGAGE WEIGHTED AVERAGE
REAL PRINCIPAL MORTGAGE POOL INTEREST AVERAGE CUT-OFF DATE
STATE PROPERTIES BALANCE BALANCE RATES U/W DSCR LTV RATIO
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
California 18 $ 188,200,224 14.6% 8.076% 1.32x 69.4%
Texas 40 159,932,981 12.4% 8.526% 1.27 74.3%
New York 15 122,968,157 9.5% 8.599% 1.64 52.6%
Florida 16 67,146,580 5.2% 8.233% 1.38 68.0%
New Jersey 6 66,043,922 5.1% 8.099% 1.51 58.6%
Colorado 10 52,273,853 4.0% 8.108% 1.30 73.8%
Ohio 13 52,089,788 4.0% 8.365% 1.27 72.7%
Delaware 1 50,909,381 3.9% 6.810% 2.41 40.7%
Utah 5 46,253,523 3.6% 8.405% 1.29 76.2%
Virginia 4 45,907,613 3.6% 8.489% 1.35 70.8%
Michigan 10 35,362,012 2.7% 8.258% 1.24 73.1%
Massachusetts 4 35,171,289 2.7% 8.430% 1.21 76.2%
Louisiana 3 31,421,728 2.4% 8.407% 1.23 75.2%
Connecticut 11 31,031,050 2.4% 8.387% 1.24 78.2%
Arizona 10 30,957,930 2.4% 8.542% 1.30 73.2%
Washington 4 27,820,551 2.2% 8.588% 1.28 67.9%
Oklahoma 4 25,880,057 2.0% 8.304% 1.33 77.0%
Georgia 8 25,444,568 2.0% 8.498% 1.28 74.6%
Pennsylvania 12 22,819,796 1.8% 8.563% 1.26 75.6%
Illinois 5 19,451,298 1.5% 8.331% 1.31 74.5%
Indiana 8 16,675,658 1.3% 8.650% 1.27 73.1%
Minnesota 5 14,622,356 1.1% 8.600% 1.31 68.6%
Maine 2 12,923,718 1.0% 8.350% 1.41 68.4%
District of Columbia 1 12,534,362 1.0% 8.270% 1.29 61.4%
Nevada 1 11,587,542 0.9% 8.170% 1.31 78.6%
Wisconsin 5 11,261,357 0.9% 8.680% 1.34 69.1%
South Carolina 1 9,882,379 0.8% 8.420% 1.20 74.9%
North Carolina 2 9,635,401 0.7% 8.608% 1.40 69.9%
Tennessee 2 8,322,126 0.6% 8.319% 1.31 77.8%
Missouri 3 8,149,863 0.6% 8.285% 1.30 74.2%
Oregon 2 7,120,387 0.6% 8.343% 1.22 69.9%
Maryland 2 5,589,164 0.4% 8.535% 1.45 66.5%
Mississippi 3 5,297,751 0.4% 8.150% 1.34 72.1%
Kansas 1 4,988,040 0.4% 8.450% 1.33 54.8%
Kentucky 1 3,814,844 0.3% 8.130% 1.47 74.8%
Montana 1 3,169,044 0.2% 7.500% 1.54 68.2%
Alabama 1 3,123,994 0.2% 7.680% 1.22 55.3%
New Mexico 1 1,716,093 0.1% 8.620% 1.39 79.8%
North Dakota 1 1,477,856 0.1% 8.280% 1.26 44.2%
Alaska 1 1,386,265 0.1% 8.900% 1.20 66.8%
Nebraska 1 403,665 0.0% 9.590% 1.33 74.8%
-----------------------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AV 244 $1,290,768,164 100.0% 8.297% 1.38X 68.5%
=================================================================================================================
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 9
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
COLLATERAL AND STRUCTURAL TERM SHEET
MORTGAGED REAL PROPERTIES BY PROPERTY TYPE
WEIGHTED
NUMBER OF PERCENTAGE OF AVERAGE WEIGHTED
MORTGAGED CUT-OFF DATE INITIAL MORTGAGE WEIGHTED AVERAGE
REAL PRINCIPAL MORTGAGE POOL INTEREST AVERAGE CUT-OFF DATE
PROPERTY TYPE PROPERTIES BALANCE BALANCE RATES U/W DSCR LTV RATIO
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Retail 76 $ 397,867,821 30.7% 8.173% 1.28x 73.3%
Multifamily 90 391,574,144 30.3% 8.335% 1.30 73.1%
Office 32 326,064,543 25.3% 8.311% 1.61 56.9%
Hotel 8 55,330,859 4.3% 8.427% 1.52 60.6%
Industrial 10 49,700,687 3.9% 8.377% 1.27 74.9%
Mixed Use 9 20,289,777 1.6% 8.595% 1.28 67.9%
Manufactured Housing 7 17,143,349 1.3% 8.415% 1.29 75.8%
Self Storage 8 12,306,673 1.0% 8.675% 1.47 63.3%
Independent/Assisted Living 1 12,151,936 0.9% 8.900% 1.43 74.8%
Health Care 3 8,783,983 0.7% 8.114% 1.50 71.0%
Land 1 544,393 0.0% 8.940% 1.32 66.0%
-------------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 244 $1,290,768,164 100.0% 8.297% 1.38X 68.5%
=========================================================================================================
</TABLE>
<TABLE>
MORTGAGED REAL PROPERTIES BY PROPERTY SUB-TYPE
<CAPTION> Weighted
Number of Percentage of Average Weighted
Mortgaged Cut-off Date Initial Mortgage Weighted Average
Real Principal Mortgage Pool Interest Average Cut-off Date
Property Type Property Sub-Type Properties Balance Balance Rates U/W DSCR LTV Ratio
------------------------------------------------------------------------------------------------------------------------------------
Retail
<S> <C> <C> <C> <C> <C> <C> <C>
Anchored (1) 48 $ 350,202,326 27.1% 8.120% 1.27x 74.1%
Unanchored 27 46,665,495 3.6% 8.573% 1.35 67.4%
---------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 75 $ 396,867,821 30.7% 8.173% 1.28x 73.3%
=============================================================================================
(1) Includes shadow anchored properties.
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 10
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
ORIGINAL AMORTIZATION TERMS
WEIGHTED
NUMBER OF PERCENTAGE OF AVERAGE WEIGHTED
RANGE OF UNDERLYING CUT-OFF DATE INITIAL MORTGAGE WEIGHTED AVERAGE
ORIGINAL AMORTIZATION MORTGAGE PRINCIPAL MORTGAGE POOL INTEREST AVERAGE CUT-OFF DATE
TERMS (MONTHS) LOANS BALANCE BALANCE RATES U/W DSCR LTV RATIO
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
152 - 290 10 $ 81,413,722 6.3% 7.248% 2.07x 46.1%
291 - 300 59 193,255,770 15.0% 8.424% 1.46 62.9%
301 - 360 163 1,016,098,671 78.7% 8.357% 1.31 71.3%
------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 232 $1,290,768,164 100.0% 8.297% 1.38X 68.5%
====================================================================================
</TABLE>
MAXIMUM ORIGINAL AMORTIZATION TERM (MONTHS): 360
MINIMUM ORIGINAL AMORTIZATION TERM (MONTHS): 152
WTD. AVG. ORIGINAL AMORTIZATION TERM (MONTHS): 338
<TABLE>
<CAPTION>
ORIGINAL TERMS TO STATED MATURITY (1)
WEIGHTED
NUMBER OF PERCENTAGE OF AVERAGE WEIGHTED
RANGE OF UNDERLYING CUT-OFF DATE INITIAL MORTGAGE WEIGHTED AVERAGE
ORIGINAL TERMS MORTGAGE PRINCIPAL MORTGAGE POOL INTEREST AVERAGE CUT-OFF DATE
TO STATED MATURITY (MONTHS) LOANS BALANCE BALANCE RATES U/W DSCR LTV RATIO
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
60 - 100 4 $ 32,789,432 2.5% 7.874% 1.64x 56.1%
101 - 120 217 1,117,612,969 86.6% 8.424% 1.34 69.8%
121 - 240 11 140,365,764 10.9% 7.387% 1.68 60.5%
----------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 232 $1,290,768,164 100.0% 8.297% 1.38X 68.5%
==============================================================================================
</TABLE>
MAXIMUM ORIGINAL TERM TO STATED MATURITY (MONTHS): 240
MINIMUM ORIGINAL TERM TO STATED MATURITY (MONTHS): 60
WTD. AVG. ORIGINAL TERM TO STATED MATURITY (MONTHS): 122
(1) IN THE CASE OF ARD LOANS, THE ANTICIPATED REPAYMENT DATE IS ASSUMED TO BE
THE MATURITY DATE FOR THE PURPOSES OF THE FOREGOING TABLE.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 11
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
REMAINING AMORTIZATION TERMS
WEIGHTED
NUMBER OF PERCENTAGE OF AVERAGE WEIGHTED
RANGE OF UNDERLYING CUT-OFF DATE INITIAL MORTGAGE WEIGHTED AVERAGE
REMAINING AMORTIZATION MORTGAGE PRINCIPAL MORTGAGE POOL INTEREST AVERAGE CUT-OFF DATE
TERMS (MONTHS) LOANS BALANCE BALANCE RATES U/W DSCR LTV RATIO
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
151 - 290 19 $ 100,570,815 7.8% 7.381% 1.96x 48.4%
291 - 350 66 323,441,636 25.1% 8.161% 1.38 67.6%
351 - 360 147 866,755,713 67.2% 8.454% 1.32 71.1%
--------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 232 $1,290,768,164 100.0% 8.297% 1.38X 68.5%
==================================================================================================
</TABLE>
MAXIMUM REMAINING AMORTIZATION TERM (MONTHS): 360
MINIMUM REMAINING AMORTIZATION TERM (MONTHS): 151
WTD. AVG. REMAINING AMORTIZATION TERM (MONTHS): 333
<TABLE>
<CAPTION>
REMAINING TERMS TO STATED MATURITY (1)
WEIGHTED
NUMBER OF PERCENTAGE OF AVERAGE WEIGHTED
RANGE OF UNDERLYING CUT-OFF DATE INITIAL MORTGAGE WEIGHTED AVERAGE
REMAINING TERMS MORTGAGE PRINCIPAL MORTGAGE POOL INTEREST AVERAGE CUT-OFF DATE
TO STATED MATURITY (MONTHS) LOANS BALANCE BALANCE RATES U/W DSCR LTV RATIO
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
40 - 99 6 $ 39,067,314 3.0% 7.829% 1.61x 56.8%
100 - 120 216 1,125,295,384 87.2% 8.428% 1.34 70.0%
121 - 239 10 126,405,467 9.8% 7.276% 1.73 58.6%
-------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 232 $1,290,768,164 100.0% 8.297% 1.38x 68.5%
=================================================================================================
</TABLE>
MAXIMUM REMAINING TERM TO STATED MATURITY (MONTHS): 239
MINIMUM REMAINING TERM TO STATED MATURITY (MONTHS): 40
WTD. AVG. REMAINING TERM TO STATED MATURITY (MONTHS): 117
(1) IN THE CASE OF ARD LOANS, THE ANTICIPATED REPAYMENT DATE IS ASSUMED TO BE
THE MATURITY DATE FOR THE PURPOSES OF THE FOREGOING TABLE.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 12
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
UNDERWRITTEN DEBT SERVICE COVERAGE RATIOS
WEIGHTED
NUMBER OF PERCENTAGE OF AVERAGE WEIGHTED
UNDERLYING CUT-OFF DATE INITIAL MORTGAGE WEIGHTED AVERAGE
RANGE OF MORTGAGE PRINCIPAL MORTGAGE POOL INTEREST AVERAGE CUT-OFF DATE
U/W DSCRS LOANS BALANCE BALANCE RATES U/W DSCR LTV RATIO
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1.16x - 1.19 4 $ 32,499,958 2.5% 8.404% 1.18x 78.3%
1.20 - 1.22 44 250,668,765 19.4% 8.466% 1.21 75.4%
1.23 - 1.25 44 260,361,664 20.2% 8.356% 1.24 75.6%
1.26 - 1.29 43 187,659,636 14.5% 8.110% 1.27 72.7%
1.30 - 1.39 52 236,446,236 18.3% 8.392% 1.34 70.7%
1.40 - 1.49 21 84,275,854 6.5% 8.630% 1.43 68.5%
1.50 - 1.70 16 70,633,774 5.5% 8.137% 1.60 53.9%
1.71 - 2.77x 8 168,222,277 13.0% 7.909% 1.98 43.3%
------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 232 $1,290,768,164 100.0% 8.297% 1.38x 68.5%
================================================================================================
</TABLE>
MAXIMUM U/W DSCR: 2.77x
MINIMUM U/W DSCR: 1.16x
WTD. AVG. U/W DSCR: 1.38x
<TABLE>
<CAPTION>
CUT-OFF DATE LOAN-TO-VALUE RATIOS
WEIGHTED
NUMBER OF PERCENTAGE OF AVERAGE WEIGHTED
UNDERLYING CUT-OFF DATE INITIAL MORTGAGE WEIGHTED AVERAGE
RANGE OF CUT-OFF DATE MORTGAGE PRINCIPAL MORTGAGE POOL INTEREST AVERAGE CUT-OFF DATE
LOAN-TO-VALUE RATIOS LOANS BALANCE BALANCE RATES U/W DSCR LTV RATIO
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
40.10% - 55.00% 15 $ 221,926,430 17.2% 7.961% 1.88x 44.6%
55.10% - 65.00% 31 128,677,636 10.0% 8.551% 1.37 60.3%
65.10% - 67.50% 15 32,863,535 2.5% 8.382% 1.34 66.4%
67.60% - 70.00% 25 76,022,795 5.9% 8.536% 1.31 68.9%
70.10% - 72.50% 21 79,692,672 6.2% 8.556% 1.27 71.3%
72.60% - 75.00% 45 221,961,570 17.2% 8.117% 1.29 73.8%
75.10% - 77.50% 27 237,060,456 18.4% 8.482% 1.24 76.6%
77.60% - 78.50% 17 105,841,020 8.2% 8.294% 1.27 78.0%
78.60% - 79.50% 16 107,885,241 8.4% 8.304% 1.27 79.0%
79.60% - 80.00% 19 75,928,908 5.9% 8.241% 1.23 79.9%
80.10% - 80.80% 1 2,907,902 0.2% 8.380% 1.16 80.8%
--------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 232 $1,290,768,164 100.0% 8.297% 1.38x 68.5%
============================================================================================
</TABLE>
MAXIMUM CUT-OFF DATE LTV RATIO: 80.8%
MINIMUM CUT-OFF DATE LTV RATIO: 40.1%
WTD. AVG. CUT-OFF DATE LTV RATIO: 68.5%
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 13
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
CUT-OFF DATE PRINCIPAL BALANCES
WEIGHTED
NUMBER OF PERCENTAGE OF AVERAGE WEIGHTED
UNDERLYING CUT-OFF DATE INITIAL MORTGAGE WEIGHTED AVERAGE
RANGE OF CUT-OFF DATE MORTGAGE PRINCIPAL MORTGAGE POOL INTEREST AVERAGE CUT-OFF DATE
PRINCIPAL BALANCES LOANS BALANCE BALANCE RATES U/W DSCR LTV RATIO
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
$ 230,842 - 500,000 8 $ 2,955,007 0.2% 8.848% 1.35x 72.0%
500,001 - 750,000 14 8,337,909 0.6% 8.823% 1.33 71.1%
750,001 - 1,000,000 10 8,968,894 0.7% 8.731% 1.35 66.6%
1,000,001 - 1,250,000 17 18,974,109 1.5% 8.736% 1.32 72.4%
1,250,001 - 1,500,000 16 22,438,876 1.7% 8.621% 1.37 66.9%
1,500,001 - 1,750,000 8 13,068,391 1.0% 8.612% 1.33 71.6%
1,750,001 - 2,000,000 20 37,272,210 2.9% 8.583% 1.30 70.7%
2,000,001 - 3,000,000 30 74,231,642 5.8% 8.411% 1.30 71.0%
3,000,001 - 4,000,000 25 87,599,577 6.8% 8.396% 1.29 71.2%
4,000,001 - 5,000,000 13 58,043,231 4.5% 8.340% 1.38 69.0%
5,000,001 - 6,000,000 17 93,015,314 7.2% 8.475% 1.32 71.0%
6,000,001 - 8,500,000 12 85,772,101 6.6% 8.351% 1.34 70.0%
8,500,001 - 9,500,000 6 53,767,165 4.2% 8.196% 1.26 76.6%
9,500,001 - 10,000,000 6 58,539,725 4.5% 8.406% 1.30 77.2%
10,000,001 - 11,250,000 5 51,917,676 4.0% 8.318% 1.25 74.4%
11,250,001 - 12,000,000 4 46,240,167 3.6% 8.098% 1.42 67.7%
12,000,001 - 19,500,000 10 138,416,199 10.7% 8.380% 1.28 72.7%
19,500,001 - 34,500,000 6 164,783,680 12.8% 8.256% 1.33 71.7%
34,500,001 - $87,301,843 5 266,426,293 20.6% 8.002% 1.65 55.9%
----------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 232 $1,290,768,164 100.0% 8.297% 1.38x 68.5%
========================================================================================
</TABLE>
MAXIMUM CUT-OFF DATE PRINCIPAL BALANCE: $87,301,843
MINIMUM CUT-OFF DATE PRINCIPAL BALANCE: $ 230,842
WTD. AVG. CUT-OFF DATE PRINCIPAL BALANCE: $ 5,563,656
<TABLE>
UNDERLYING MORTGAGE LOANS BY AMORTIZATION TYPE
<CAPTION>
WEIGHTED
NUMBER OF PERCENTAGE OF AVERAGE WEIGHTED
UNDERLYING CUT-OFF DATE INITIAL MORTGAGE WEIGHTED AVERAGE
MORTGAGE PRINCIPAL MORTGAGE POOL INTEREST AVERAGE CUT-OFF DATE
LOAN TYPE LOANS BALANCE BALANCE RATES U/W DSCR LTV RATIO
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Balloon 193 $ 930,114,487 72.1% 8.443% 1.36x 69.0%
ARD 37 307,347,568 23.8% 8.102% 1.30 71.4%
Fully Amortizing 2 53,306,109 4.1% 6.885% 2.37 41.9%
----------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 232 $ 1,290,768,164 100.0% 8.297% 1.38x 68.5%
====================================================================================================
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 14
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
MORTGAGE INTEREST RATES
WEIGHTED
NUMBER OF PERCENTAGE OF AVERAGE WEIGHTED
UNDERLYING CUT-OFF DATE INITIAL MORTGAGE WEIGHTED AVERAGE
RANGE OF MORTGAGE PRINCIPAL MORTGAGE POOL INTEREST AVERAGE CUT-OFF DATE
MORTGAGE INTEREST RATES LOANS BALANCE BALANCE RATES U/W DSCR LTV RATIO
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
6.810% - 7.750% 9 $ 155,863,591 12.1% 7.197% 1.72x 58.5%
7.751% - 8.000% 6 29,999,333 2.3% 7.974% 1.52 62.1%
8.001% - 8.250% 36 282,161,329 21.9% 8.118% 1.32 73.0%
8.251% - 8.500% 71 315,280,601 24.4% 8.364% 1.28 72.7%
8.501% - 8.750% 61 359,204,486 27.8% 8.622% 1.39 64.6%
8.751% - 9.000% 31 105,768,440 8.2% 8.841% 1.34 72.1%
9.001% - 9.590% 18 42,490,383 3.3% 9.158% 1.30 71.3%
-------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 232 $1,290,768,164 100.0% 8.297% 1.38x 68.5%
===========================================================================================
</TABLE>
MAXIMUM MORTGAGE INTEREST RATE: 9.590%
MINIMUM MORTGAGE INTEREST RATE: 6.810%
WTD. AVG. MORTGAGE INTEREST RATE: 8.297%
<TABLE>
<CAPTION>
OCCUPANCY RATES AT UNDERWRITING (1)
WEIGHTED
NUMBER OF PERCENTAGE OF AVERAGE WEIGHTED
MORTGAGED CUT-OFF DATE INITIAL MORTGAGE WEIGHTED AVERAGE
RANGE OF REAL PRINCIPAL MORTGAGE POOL INTEREST AVERAGE CUT-OFF DATE
OCCUPANCY RATES AT U/W PROPERTIES BALANCE BALANCE RATES U/W DSCR LTV RATIO
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
76.0% - 84.9% 4 $ 10,511,689 0.8% 7.774% 1.66x 57.7%
85.0% - 89.9% 13 35,831,304 2.8% 8.477% 1.32 70.5%
90.0% - 94.9% 36 165,976,871 12.9% 8.385% 1.29 74.7%
95.0% - 97.4% 47 316,675,639 24.5% 8.395% 1.26 76.3%
97.5% - 100.0% 136 706,441,802 54.7% 8.221% 1.45 64.1%
----------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 236 $1,235,437,305 95.7% 8.291% 1.38x 68.8%
====================================================================================================
</TABLE>
MAXIMUM OCCUPANCY RATE AT U/W: 100.0%
MINIMUM OCCUPANCY RATE AT U/W: 76.0%
WTD. AVG. OCCUPANCY RATE AT U/W: 97.3%
(1) DOES NOT INCLUDE THE HOTEL PROPERTIES.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 15
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
YEARS BUILT/YEARS RENOVATED (1)
WEIGHTED
NUMBER OF PERCENTAGE OF AVERAGE WEIGHTED
MORTGAGED CUT-OFF DATE INITIAL MORTGAGE WEIGHTED AVERAGE
RANGE OF YEARS REAL PRINCIPAL MORTGAGE POOL INTEREST AVERAGE CUT-OFF DATE
BUILT/RENOVATED PROPERTIES BALANCE BALANCE RATES U/W DSCR LTV RATIO
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1920 - 1970 18 $ 48,167,234 3.7% 8.225% 1.46x 66.4%
1971 - 1980 20 38,854,139 3.0% 8.428% 1.37 70.3%
1981 - 1990 62 319,605,662 24.8% 8.113% 1.48 67.3%
1991 - 2000 144 884,141,129 68.5% 8.362% 1.35 68.9%
-----------------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 244 $1,290,768,164 100.0% 8.297% 1.38x 68.5%
===========================================================================================================
MOST RECENT YEAR BUILT/RENOVATED: 2000
OLDEST YEAR BUILT/RENOVATED: 1920
WTD. AVG. YEAR BUILT/RENOVATED: 1993
(1) YEAR BUILT/RENOVATED REFLECTS THE LATER OF THE YEAR BUILT OR THE YEAR RENOVATED.
</TABLE>
<TABLE>
<CAPTION>
MORTGAGE POOL PREPAYMENT PROFILE (1)
NUMBER OF
MONTHS SINCE MORTGAGE OUTSTANDING % OF POOL YIELD PREPAYMENT % OF POOL
DATE CUT-OFF DATE LOANS BALANCE (MM) LOCKOUT MAINTENANCE PREMIUM OPEN TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NOV-00 0 232 $1,290.8 94.60% 4.50% 0.90% 0.00% 100.0%
NOV-01 12 232 $1,279.9 94.68% 4.43% 0.88% 0.00% 100.0%
NOV-02 24 232 $1,268.0 92.15% 6.98% 0.00% 0.87% 100.0%
NOV-03 36 232 $1,254.7 89.60% 9.54% 0.00% 0.86% 100.0%
NOV-04 48 231 $1,230.1 89.63% 10.37% 0.00% 0.00% 100.0%
NOV-05 60 230 $1,206.8 88.61% 11.39% 0.00% 0.00% 100.0%
NOV-06 72 230 $1,190.3 88.73% 11.27% 0.00% 0.00% 100.0%
NOV-07 84 228 $1,160.4 88.85% 10.92% 0.00% 0.23% 100.0%
NOV-08 96 15 $1,134.3 89.55% 10.45% 0.00% 0.00% 100.0%
NOV-09 108 214 $1,061.1 81.11% 8.53% 0.00% 10.36% 100.0%
NOV-10 120 10 $ 84.2 72.18% 27.82% 0.00% 0.00% 100.0%
NOV-11 132 9 $ 72.6 78.83% 21.17% 0.00% 0.00% 100.0%
NOV-12 144 5 $ 50.8 83.23% 13.25% 0.00% 3.51% 100.0%
NOV-13 156 2 $ 3.0 54.44% 45.56% 0.00% 0.00% 100.0%
NOV-14 168 2 $ 2.8 55.94% 44.06% 0.00% 0.00% 100.0%
NOV-15 180 2 $ 2.6 57.85% 42.15% 0.00% 0.00% 100.0%
NOV-16 192 2 $ 2.3 60.35% 39.65% 0.00% 0.00% 100.0%
NOV-17 204 2 $ 2.0 63.79% 36.21% 0.00% 0.00% 100.0%
NOV-18 216 2 $ 1.7 68.76% 31.24% 0.00% 0.00% 100.0%
NOV-19 228 2 $ 1.4 76.58% 23.42% 0.00% 0.00% 100.0%
-----------------------------------------------------------------------------------------------------------------------------------
</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.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 16
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
PREPAYMENT PROVISION AS OF CUT-OFF DATE
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
AVERAGE AVERAGE AVERAGE
PERCENTAGE OF REMAINING REMAINING REMAINING WEIGHTED
RANGE OF NUMBER OF CUT-OFF DATE INITIAL LOCKOUT LOCKOUT LOCKOUT PLUS AVERAGE
REMAINING TERMS TO MORTGAGE PRINCIPAL MORTGAGE POOL PERIOD PLUS YM PERIOD PREMIUM PERIOD MATURITY
STATED MATURITY (YEARS) LOANS BALANCE BALANCE (YEARS) (YEARS) (YEARS) (YEARS) (1)
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
3.00 - 3.99 1 $ 11,555,033 0.9% 0.0 0.0 1.3 3.3
5.00 - 5.99 1 8,409,024 0.7% 1.5 4.7 4.7 5.0
6.00 - 6.99 2 12,825,375 1.0% 6.4 6.6 6.6 6.8
7.00 - 7.99 2 6,277,882 0.5% 2.4 7.0 7.0 7.5
8.00 - 8.99 11 53,392,916 4.1% 7.5 8.2 8.2 8.7
9.00 - 9.49 21 159,788,658 12.4% 8.3 8.9 8.9 9.4
9.50 - 9.99 184 912,113,811 70.7% 8.8 9.3 9.3 9.7
10.00 - 10.99 1 2,908,942 0.2% 10.5 10.5 10.5 10.8
11.00 - 14.99 7 118,933,324 9.2% 6.8 12.2 12.2 12.5
15.00 - 30.00 2 4,563,201 0.4% 11.2 19.3 19.3 19.8
---------------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 232 $1,290,768,164 100.0% 8.3 9.3 9.4 9.8
=========================================================================================================
</TABLE>
(1) IN THE CASE OF THE ARD LOANS, THE ANTICIPATED REPAYMENT DATE
IS ASSUMED TO BE THE MATURITY DATE FOR THE PURPOSES OF THE INDICATED COLUMN.
<TABLE>
<CAPTION>
PREPAYMENT OPTION
WEIGHTED WEIGHTED WEIGHTED
AVERAGE AVERAGE AVERAGE
PERCENTAGE OF REMAINING REMAINING REMAINING WEIGHTED
NUMBER OF CUT-OFF DATE INITIAL LOCKOUT LOCKOUT LOCKOUT PLUS AVERAGE
MORTGAGE PRINCIPAL MORTGAGE POOL PERIOD PLUS YM PERIOD PREMIUM PERIOD MATURITY
PREPAYMENT OPTION LOANS BALANCE BALANCE (YEARS) (YEARS) (YEARS) (YEARS)(1)
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Lockout / Defeasance 191 $ 1,120,302,737 86.8% 9.3 9.3 9.3 9.8
Lockout / Yield Maintenance 40 158,910,394 12.3% 1.8 10.0 10.0 10.3
Prepayment Premium 1 11,555,033 0.9% 0.0 0.0 1.3 3.3
------------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: 232 $1,290,768,164 100.0% 8.3 9.3 9.4 9.8
======================================================================================================
</TABLE>
(1) IN THE CASE OF THE ARD LOANS, THE ANTICIPATED REPAYMENT DATE IS ASSUMED
TO BE THE MATURITY DATE FOR THE PURPOSES OF THE INDICATED COLUMN.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 17
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
SIGNIFICANT MORTGAGE LOANS
<TABLE>
<CAPTION>
CUT-OFF PERCENTAGE
DATE OF INITIAL MORTGAGE CUT-OFF
PROPERTY UNITS/ PRINCIPAL MORTGAGE APPRAISED INTEREST DATE
# LOAN NAME TYPE SQUARE FEET BALANCE POOL BALANCE VALUE RATE U/W DSCR LTV
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1) 437 Madison Avenue Office 782,921 $ 87,301,843 6.8% $198,000,000 8.630% 1.75x 44.1%
2) Valencia Marketplace,
Power Center Retail 528,019 51,787,099 4.0% 71,000 000 7.240% 1.26 72.9%
3) Hercules Plaza Office 532,974 50,909,381 3.9% 125,000,000 6.810% 2.41 40.7%
4) Alliance GD FH F1 Loan Multifamily 1,544 39,491,001 3.1% 51,100,000 8.640% 1.22 77.3%
5) McCandless Towers II Office 214,080 36,936,969 2.9% 63,500,000 8.550% 1.35 58.2%
6) Alliance GD FH F2 Loan Multifamily 1,251 30,282,599 2.3% 39,200,000 8.640% 1.21 77.3%
7) Commons at Sugarhouse Retail 193,397 28,387,855 2.2% 36,000,000 8.130% 1.23 78.9%
8) Gateway at Randolph
Apartments Multifamily 903 27,870,175 2.2% 58,500,000 8.020% 1.63 47.6%
9) Metroplex Office 388,608 27,441,129 2.1% 36,400,000 8.810% 1.34 75.4%
10) Palm Plaza Shopping Center Retail 342,338 25,476,217 2.0% 34,750,000 7.570% 1.31 73.3%
------------------------------------------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE: $405,884,266 31.4% $713,450,000 8.088% 1.54x 61.0%
===========================================================================
</TABLE>
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 18
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
Significant Mortgage Loans
1. THE 437 MADISON AVENUE LOAN.
General Characteristics of the 437 Madison Avenue Loan.
------------------------------------------------------
<S> <C> <C> <C>
Cut-Off Date Principal Balance: $87,301,842 Property Type: Office
Loan Per Sq. Ft.: $111.51 Sq. Ft.: 782,921
% of Initial Mortgage Pool Balance: 6.8% Location: New York, NY
Mortgage Loan Seller/Originator: Column/Column Year Built/Renovated: 1967/1996
Mortgage Interest Rate: 8.630% Appraised Value: $198,000,000
Maturity Date: June 1, 2010 Appraisal Date: November 1, 1999
ARD Loan: No Encumbered Interest: Leasehold
Anticipated Repayment Date: N/A Cut-Off Date LTV Ratio: 44.1%
Amortization Term: 360 Maturity/ARD LTV Ratio: 37.0%
Interest Calculation: Actual/360 Occupancy Rate at U/W: 99%
Call Protection: L (9.75), O (0.25) Occupancy Date: July 1, 2000
Cross Collateralization/Default: No Property Manager: Sage Realty Corporation
Single Asset/Portfolio: Single Asset U/W DSCR: 1.75x
</TABLE>
Major Tenants at the 437 Madison Avenue Property.
------------------------------------------------
<TABLE>
<CAPTION>
IN-PLACE
% OF IN-PLACE ANNUALIZED
LEASE TOTAL ANNUALIZED BASE RENT
TENANT NAME EXPIRATION TENANT SF TENANT SF BASE RENT PER SQ. FT.
----------- ---------- --------- --------- --------- -----------
<S> <C> <C> <C> <C>
Omnicom Group, Inc. Various 316,995 40.5% $5,702,232 $17.98
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 19
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
Lease Expiration Schedule.
-------------------------
SQ. FT. OF % OF CUMULATIVE
YEAR OF NUMBER OF LEASES LEASES TOTAL % OF
EXPIRATION EXPIRING EXPIRING. SQ. FT. TOTAL SQ. FT.
---------- -------- -------- ------- -------------
<S> <C> <C> <C> <C>
2000 2 1,495 0.19% 0.19%
2001 4 13,728 1.75% 1.94%
2002 12 40,459 5.16% 7.10%
2003 6 43,540 5.55% 12.65%
2004 11 54,837 6.99% 19.65%
2005 9 48,417 6.17% 25.82%
2006 3 34,725 4.43% 30.25%
2007 2 20,390 2.60% 32.82%
2008 2 30,624 3.91% 36.76%
2009 4 67,141 8.56% 45.32%
2010 17 349,598 44.58% 89.90%
2012 3 27,571 3.52% 93.42%
2014 1 1,005 0.13% 93.54%
2022 1 3,651 0.47% 94.01%
2024 1 37,980 4.84% 98.85%
Escrow Schedule.
---------------
RESERVE TYPE INITIAL RESERVE DEPOSIT MONTHLY RESERVE DEPOSIT
------------ ----------------------- -----------------------
Engineering Escrow $49,783 $0
Real Estate Tax Escrow $2,923,501 $487,250
Insurance Escrow $50,418 $12,605
TI/LC Reserve $0 $27,807
Contractual Replacement Reserve $0 $15,606
Ground Lease Reserve $84,983 $83,333
Operating History.
-----------------
1997 1998 1999 UNDERWRITTEN
---- ---- ---- ------------
Effective Gross Income $26,951,612 $27,504,405 $29,391,870 $31,056,753
Net Operating Income $12,592,493 $13,009,017 $14,712,219 $15,593,901
Property Cash Flow $11,278,146 $11,694,670 $13,397,872 $14,279,554
</TABLE>
437 Madison Avenue Borrower. Madison Avenue Leasehold LLC is the borrower
under the 437 Madison Avenue Loan. It is--
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 20
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
I. a single purpose limited liability company formed under the laws of the
State of New York,
II. owned 50% by W-Madison Lease LLC, the managing member, and 50% by St. Paul
Fire and Marine Insurance Company, an insurance company currently rated A+
by S&P and A1 by Moody's, and
III. controlled, through the managing member and the property manager, by the
William Kaufman Organization, a major family owned real estate development
concern that was formed in 1924.
The 437 Madison Avenue Property. The 437 Madison Avenue Property is a 0.89
acre property located in Midtown Manhattan in New York, New York. It is improved
by a 40-story office building that was originally built in 1967 and was subject
to renovations in 1996. The improvements are comprised of 782,921 rentable
square feet of office space with some ground floor retail space and a 116 space
parking garage. Based on the July 1, 2000 rent roll, the 437 Madison Avenue
Property is 99% occupied by a total of 44 tenants, with the ten largest tenants
accounting for 655,935 square feet or approximately 83.78% of the property's
rentable area.
Property Management. The 437 Madison Avenue Property is subject to a
management agreement between the related borrower and Sage Realty Corporation,
an affiliate of the related borrower. Sage Realty Corporation is controlled by
Melvyn and Robert Kaufman, who actively control the related borrower through the
William Kaufman Organization and Sage Realty Corporation. Sage Realty
Corporation manages over 2.7 million square feet of office space in the borough
of Manhattan in New York, New York.
Cash Management/Lockbox. The borrower under the 437 Madison Avenue Loan
must cause all rents from the 437 Madison Avenue Property to be deposited into a
rent account within one business day of receipt. Unless and until an event of
default occurs under the 437 Madison Avenue Loan, the related borrower will have
access to those funds. During the one-year period immediately preceding the
maturity date, all excess cash flow will be trapped in a reserve unless on or
before the beginning of that period Omnicom has renewed its lease or the
borrower has relet the Omnicom space on terms acceptable to the lender.
Ground Lease. The related borrower holds its leasehold interest in the 437
Madison Avenue Property under a ground lease with an affiliate. The ground lease
provides for fixed monthly ground lease payments of $83,333.33 or $1,000,000
annually. The ground lease expires on December 31, 2040, with two successive
renewal options of 15 years each.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 21
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
2. VALENCIA MARKETPLACE--POWER CENTER LOAN.
General Characteristics of the Valencia Marketplace--Power Center Loan.
----------------------------------------------------------------------
<S> <C> <C> <C>
Cut-Off Date Principal Balance: $51,787,099 Property Type: Retail
Loan Per Sq. Ft.: $98.08 Sq. Ft.: 528,019
% of Initial Mortgage Pool Balance: 4.01% Location: Valencia, CA
Mortgage Loan Seller/Originator: PMCF/PMCC Year Built/Renovated: 1998/N/A
Mortgage Interest Rate: 7.240% Appraised Value: $71,000,000
Maturity Date: July 1, 2028 Appraisal Date: April 18, 1998
ARD Loan: Yes Encumbered Interest: Fee
Anticipated Repayment Date: July 1, 2013 Cut-Off Date LTV Ratio: 72.9%
Amortization Term: 336 Maturity/ARD LTV Ratio: 55.8%
Interest Calculation: 30/360 Occupancy Rate at U/W: 99%
Call Protection: L (12.42), O (0.58) Occupancy Date: July 1, 2000
Cross Collateralization/Default: No Property Manager: DSB Properties, Inc.
Single Asset/Portfolio: Single Asset U/W DSCR: 1.26x
<CAPTION>
Major Tenants at the Valencia Marketplace--Power Center Property.
----------------------------------------------------------------
IN-PLACE
% OF IN-PLACE ANNUALIZED
LEASE TOTAL ANNUALIZED BASE RENT
TENANT NAME EXPIRATION TENANT SF TENANT SF BASE RENT PER SQ. FT.
----------- ---------- --------- --------- --------- -----------
<S> <C> <C> <C> <C> <C>
Wal-Mart 10/25/16 149,429 28.3% $1,193,938 $7.99
Toys-R-Us 01/31/22 45,000 8.5% $250,000 $5.56
Bed, Bath & Beyond 01/31/09 41,500 7.9% $507,130 $12.22
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 22
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
Lease Expiration Schedule.
-------------------------
NUMBER OF SQ. FT. OF % OF CUMULATIVE
YEAR OF LEASES LEASES TOTAL % OF
EXPIRATION EXPIRING EXPIRING. SQ. FT. TOTAL SQ. FT.
---------- -------- -------- ------- -------------
2002 2 8,743 1.66% 1.66%
2003 3 14,400 2.73% 4.38%
2004 3 23,660 4.48% 8.86%
2005 3 6,700 1.27% 10.13%
2006 2 9,200 1.74% 11.88%
2007 3 17,800 3.37% 15.25%
2008 2 37,681 7.14% 22.38%
2009 3 75,900 14.37% 36.76%
2010 1 8,800 1.67% 38.42%
2011 1 24,435 4.63% 43.05%
2012 1 40,000 7.58% 50.63%
2013 1 20,680 3.92% 54.54%
2015 2 42,591 8.07% 62.61%
2016 1 149,429 28.30% 90.91%
2022 1 45,000 8.52% 99.43%
Operating History.
-----------------
<TABLE>
<CAPTION>
6 MONTHS
ANNUALIZED YE
1997 1998 1999 6/30/00 UNDERWRITTEN
---- ---- ---- ------------- ------------
<S> <C> <C> <C> <C> <C>
Effective Gross Income N/A $4,252,320 $7,616,684 $7,705,490 $7,496,080
Net Operating Income N/A $3,468,626 $6,096,238 $5,572,762 $5,670,040
Net Cash Flow N/A $3,468,626 $6,096,238 $5,572,762 $5,447,558
</TABLE>
VALENCIA MARKETPLACE--POWER CENTER BORROWER. Valencia Marketplace I, LLC is
the borrower under the Valencia Marketplace--Power Center Loan. It is--
IV. a single purpose limited liability company formed under the laws of
the State of California,
V. owned 49.5% by Samuel S. Mevorach and 49.5% by Samuel S. Mevorach,
Trustee of the Samuel S. Mevorach Trust as of April 13, 1990, and 1%
by Five Five I, Inc., the Managing Member, and
VI. controlled, through the managing member, Five Five I, Inc., a
California corporation.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 23
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
THE VALENCIA MARKETPLACE--POWER CENTER PROPERTY. The Valencia
Marketplace--Power Center Property is a 44.25 acre property located in Valencia,
California. It is improved by seven single-story buildings that were originally
built in 1998. The improvements are comprised of 528,019 square feet of retail
space and 2,720 parking spaces.
Based on the July 1, 2000 rent roll, the Valencia Marketplace--Power Center
Property is 99% leased by a total of 29 tenants, with the ten largest tenants
accounting for 429,316 square feet or approximately 81.31% of the property's
rentable area.
ESCROW INFORMATION. The Valencia Marketplace--Power Center Loan requires
monthly deposits into an escrow account in an amount estimated to be sufficient
to pay real estate taxes and insurance premiums when due, subject to a right in
favor of the related borrower to deposit an irrevocable letter of credit with
lender in lieu of making monthly tax and insurance reserve payments. As real
estate taxes in California are payable in equal semi-annual installments, the
initial amount of the letter of credit is equal to one-half the amount estimated
by the lender to be payable by the related borrower for annual tax and insurance
premiums. On each anniversary of the Valencia Marketplace--Power Center Loan,
the letter of credit will be increased by an amount equal to one-half of the
annual dollar increase of tax and insurance premiums. Following an event of
default under the Valencia Marketplace--Power Center Loan documents or the
related anticipated repayment date, the related borrower has no further right to
deposit the letter of credit and is required to escrow monthly with lender a tax
escrow and insurance escrow.
On or before each of January 10, 2007 and January 10, 2008, the borrower
under the Valencia Marketplace--Power Center Loan is required to deliver to
lender irrevocable letters of credit in the amount of $300,000 each as
additional collateral to secure against the effects of potential tenant rollover
exposure on the Valencia Marketplace--Power Center Property's debt service
coverage ratio. These letters of credit shall remain in effect until the later
to occur of--
1. January 10, 2009, or
2. the date upon which the Valencia Marketplace--Power Center Property
attains a debt service coverage ratio of at least 1.22x.
PROPERTY MANAGEMENT. The Valencia Marketplace--Power Center Property is
subject to a management agreement between the borrower and DSB Properties, Inc.
DSB Properties, Inc. has provided brokerage, property management and leasing
services to owners of commercial shopping centers throughout Los Angeles, Orange
and Ventura Counties since 1983.
CASH MANAGEMENT/LOCKBOX. The Valencia Marketplace--Power Center borrower
has agreed that from and after the earlier to occur of--
VII. an event of default under the Valencia Marketplace--Power Center Loan
documents, or
VIII. the anticipated repayment date,
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 24
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
AND CONTINUING UNTIL THE VALENCIA MARKETPLACE--POWER CENTER LOAN IS REPAID IN
FULL, ALL RENTS WILL BE DEPOSITED INTO AN ACCOUNT CONTROLLED BY THE LENDER WITH
A BANK APPROVED BY THE LENDER. UPON THE OCCURRENCE OF A CASH SWEEP EVENT AND AT
THE LENDER'S REQUEST, ALL FUNDS DEPOSITED IN THE ACCOUNT WILL BE TRANSFERRED BY
THE BANK TO AN ACCOUNT UNDER THE SOLE DOMINION AND CONTROL OF THE LENDER AND
WILL BE APPLIED BY THE LENDER IN ACCORDANCE WITH THE TERMS OF THE VALENCIA
MARKETPLACE--POWER CENTER LOAN DOCUMENTS.
Modifications to the Valencia Marketplace--Power Center Loan. The Valencia
Marketplace--Power Center Loan was originated on June 4, 1998, in the original
principal amount of $53,250,000.00 together with a second loan to an affiliated
borrower on the adjacent property, which loan was cross-collateralized with the
Valencia Marketplace--Power Center Loan. On June 30, 1999, in connection with
the release of the cross-collateralization, certain terms and conditions of the
Valencia Marketplace--Power Center Loan were modified, including a rebalancing
of the two loans which resulted in a decrease in the principal amount of the
Valencia Marketplace--Power Center Loan of $200,000. In connection with this
initial loan modification, the Valencia Marketplace--Power Center borrower
entered into additional mortgage loan documentation. On July 21, 2000, the
promissory note in connection with the Valencia Marketplace--Power Center Loan
was split into two amended and restated promissory notes, each in the principal
amount of $26,266,807.41. The two amended and restated promissory notes are
equal in priority with one another, and the holder of each has a 50% interest in
all obligations, rights and benefits under the Valencia Marketplace--Power
Center Loan. In connection with this second modification of the Valencia
Marketplace--Power Center Loan, the related borrower entered into additional
mortgage loan documentation, including an agreement modifying the related
mortgage to reflect the splitting of the original promissory note. Both notes
are being transferred to us in connection with the transaction described in this
prospectus supplement.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 25
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
3. HERCULES PLAZA LOAN.
General Characteristics of the Hercules Plaza Loan.
--------------------------------------------------
<S> <C> <C> <C>
Cut-Off Date Principal Balance: $50,909,381 Property Type: Office
Loan Per Sq. Ft.: $95.52 Sq. Ft. 532,974
% of Initial Mortgage Pool Balance: 3.94% Location: Wilmington, DE
Mortgage Loan Seller: PMCF Year Built/Renovated: 1984/N/A
Mortgage Interest Rate: 6.810% Appraised Value: $125,000,000
Maturity Date: June 1, 2013 Appraisal Date: July 10, 2000
ARD Loan: No Encumbered Interest: Leasehold
Anticipated Repayment Date: N/A Cut-Off Date LTV Ratio: 40.7%
Amortization Term: 152 Maturity/ARD LTV Ratio: 0.0%
Interest Calculation: 30/360 Occupancy Rate at U/W: 100%
Call Protection: L (12.58), O (0.08) Occupancy Date: July 1, 2000
Cross Collateralization/Default: No Property Manager: Binswanger Management Corp.
Single Asset/Portfolio: Single Asset U/W DSCR: 2.41x
</TABLE>
Major Tenants at the Hercules Plaza Property.
--------------------------------------------
<TABLE>
<CAPTION>
IN-PLACE
% OF IN-PLACE ANNUALIZED
LEASE TOTAL ANNUALIZED BASE RENT
TENANT NAME EXPIRATION TENANT SF TENANT SF BASE RENT PER SQ. FT.
----------- ---------- --------- --------- --------- -----------
<S> <C> <C> <C> <C> <C>
Hercules, Inc. 5/31/13 532,974 100% $14,239,461 $26.72
<CAPTION>
Lease Expiration Schedule.
-------------------------
SQ. FT. OF % OF CUMULATIVE
YEAR OF NUMBER OF LEASES LEASES TOTAL % OF
EXPIRATION EXPIRING EXPIRING. SQ. FT. TOTAL SQ. FT.
---------- -------- -------- ------- -------------
<C> <C> <C> <C> <C>
2013 1 532,974 100% 100%
<CAPTION>
Operating History.
-----------------
1997 1998 1999 UNDERWRITTEN
---- ---- ---- ------------
<S> <C> <C> <C> <C>
Effective Gross Income N/A N/A N/A $12,000,000
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 26
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
1997 1998 1999 UNDERWRITTEN
---- ---- ---- ------------
<S> <C> <C> <C> <C>
Net Operating Income N/A N/A N/A $11,284,500
Property Cash Flow N/A N/A N/A $11,284,500
</TABLE>
ORIGINATOR OF THE HERCULES PLAZA LOAN. The State of California Public
Employees' Retirement System originated the Hercules Plaza Loan on June 1, 1984.
The Hercules Plaza Loan was subsequently restructured by Capital Loan Funding,
L.P. and on October 5, 2000 was purchased by Prudential Mortgage Capital
Company, LLC.
HERCULES PLAZA BORROWER. D.C.L. Leasing Partners Limited Partnership, Ltd.
-- VI is the borrower under the Hercules Plaza Loan. It is--
IX. a single-purpose limited partnership formed under the laws of the
State of Delaware, and
X. owned indirectly 49.9% by Dana Corporation and 49.9% by Cilcorp, Inc.
ENCUMBERED INTEREST. The Hercules Plaza Loan is secured by a mortgage lien
on--
XI. the leasehold interest of the related borrower in the Hercules Plaza
Property, and
XII. the fee interest of the fee owner in the Hercules Plaza Property.
Notwithstanding such subordination of the fee interest, upon a foreclosure by
the lender, the fee interest must be deeded back to the ground lessor, Hercules
Incorporated.
THE HERCULES PLAZA PROPERTY. The Hercules Plaza Property is a 2.00 acre
property located in Wilmington, Delaware. It is improved by a 12-story office
building that was built in 1984. The improvements are comprised of 532,974
rentable square feet of office space and an underground parking garage with 135
parking spaces.
The entire Hercules Plaza Property is subleased by the related borrower
to Hercules Incorporated pursuant to a triple net lease .
PROPERTY MANAGEMENT. Due to the triple net nature of the sublease, the
related borrower does not directly manage the Hercules Plaza Property; however,
Investment Management Advisors, Inc., which has a 0.2% indirect ownership
interest in the borrower, does provide administrative services on behalf of the
related borrower and its affiliates.
CASH MANAGEMENT/LOCKBOX. The borrower under the Hercules Plaza Loan has
directed Hercules Incorporated, as subtenant, to deposit all rent payable under
its sublease directly into an account with the lender's servicer. The lender has
the right to apply such rent payments first to payments due and owing on the
Hercules Plaza Loan, then to payment of rent under the ground lease and then to
payment of amounts due under the subordinate loan, with the balance of such rent
payments being remitted to the related borrower. Following the occurrence of an
event of default, the
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 27
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
lender may apply such rent payments in such order and in such manner as the
lender may, in its sole discretion, determine.
SUBORDINATE DEBT. The Hercules Plaza Property is subject to a
subordinate mortgage in favor of Brandywine Gateway Corporation which secures an
interest-only note in the original principal amount of $12,160,000. Other than
this subordinate loan, the related borrower may not encumber the Hercules Plaza
Property with subordinate financing without the consent of the holder of the
Hercules Plaza Loan.
GROUND LEASE. The related borrower holds its leasehold interest in the
Hercules Plaza Property under a ground lease with Hercules Incorporated. The
ground lease provides for quarterly ground lease payments of $88,875 or $355,500
annually for the initial term and each of the first five optional renewal terms,
and monthly ground lease payments based upon the fair market value of the leased
premises for each of the four remaining optional renewal terms. The ground lease
expires on June 2, 2015, with nine successive renewal options of three years for
the first option term and five years for each of the remaining eight option
terms.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 28
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
4. THE ALLIANCE GD FH F1 PORTFOLIO LOAN.
General Characteristics of the Alliance GD FH F1 Portfolio Loan.
<S> <C> <C> <C>
Cut-Off Date Principal Balance: $39,491,001 Property Type: Multifamily
Loan Per Unit: $25,577 Units: 1,544
% of Initial Mortgage Pool Balance: 3.06% Location: Richmond, VA/
Dallas, TX
Mortgage Loan Seller/Originator: Column/Column Year Built/Renovated: 1965/1998 & 1979/1999
Mortgage Interest Rate: 8.640% Appraised Value: $51,100,000
Maturity Date: April 1, 2010 Appraisal Date: April 1, 2000 and March
6, 2000
ARD Loan: No Encumbered Interest: Fee
Anticipated Repayment Date: N/A Cut-Off Date LTV Ratio: 77.3%
Amortization Term: 360 Maturity/ARD LTV Ratio: 70.4%
Interest Calculation: Actual/360 Occupancy Rate at U/W: 95%/94%
Call Protection: L (9.5), O (0.5) Occupancy Date: August 25, 2000
Cross Collateralization/Default: Yes Property Manager: Alliance Residential
Management, LLC
Single Asset/Portfolio: Portfolio U/W DSCR: 1.22x
<CAPTION>
Portfolio Schedule.
------------------
YEAR
BUILT/ APPRAISED
PROPERTY NAME CITY STATE UNITS OCCUPANCY RENOVATED VALUE U/W NCF
------------- ---- ----- ----- --------- --------- ----- -------
<S> <C> <C> <C> <C> <C> <C> <C>
Seven Gables Apts. Richmond Virginia 1,184 95% 1965/1998 $38,500,000 $3,447,078
High Ridge Apts. Dallas Texas 360 94% 1979/1999 $12,600,000 $1,082,113
<CAPTION>
Unit Mix Schedule: Seven Gables Apartments.
-------------------------------------------
UNIT TYPE # UNITS AVERAGE RENT MAXIMUM RENT
--------- ------- ------------ ------------
<S> <C> <C> <C>
2 BR Units 1,184 $426 $515
Unit Mix Schedule: High Ridge Apartments.
-----------------------------------------
UNIT TYPE # UNITS AVERAGE RENT MAXIMUM RENT
--------- ------- ------------ ------------
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 29
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
Unit Mix Schedule: High Ridge Apartments.
-----------------------------------------
UNIT TYPE # UNITS AVERAGE RENT MAXIMUM RENT
--------- ------- ------------ ------------
1 BR Units 312 $469 $610
2 BR Units 48 $716 $760
<TABLE>
<CAPTION>
Escrow Schedule.
---------------
<CAPTION>
RESERVE TYPE INITIAL RESERVE DEPOSIT MONTHLY RESERVE DEPOSIT
------------ ----------------------- -----------------------
<S> <C> <C>
Engineering Escrow $302,563 $0
Real Estate Tax Escrow $153,374 $38,343
Insurance Escrow $69,651 $11,597
Contractual Replacement Reserve $0 $32,167
Operating History.
-----------------
<CAPTION>
TRAILING 12 MONTHS
1998 1999 (AS OF JUNE 30, 2000) UNDERWRITTEN
---- ---- --------------------- ------------
<S> <C> <C> <C> <C>
Effective Gross Income $6,512,005 $7,294,178 $7,662,199 $7,973,728
Net Operating Income $3,727,667 $4,279,593 $4,578,498 $4,915,191
Property Cash Flow $3,341,667 $3,893,593 $4,193,398 $4,529,191
</TABLE>
Alliance GD FH F1 Portfolio Borrower. Alliance GD FH F1 Limited Partnership
is the borrower under the Alliance GD FH F1 Portfolio Loan. It is a
single-purpose limited partnership formed under the laws of the State of
Delaware.
The Alliance GD FH F1 Properties. The Alliance GD FH F1 Properties are
comprised of:
XIII. a 85.720 acre property located in Richmond, Virginia, which is improved by
a 1,184-unit garden-style apartment complex known as the Seven Gables
Apartments; and
XIV. a 10.206 acre property located in Dallas, Texas, which is improved by a
360-unit garden-style apartment complex known as the High Ridge Apartments.
The Seven Gables property was constructed in phases between 1965 and 1975.
The property was substantially renovated between 1998 and 1999. Based on the May
24, 2000 rent roll, the Seven Gables property is 95% occupied. Amenities at the
property include two swimming pools, open parking, an on-site management office
and extensive landscaping.
The High Ridge Apartments property was built in 1979. The property consists
of 19 three-story buildings. The property was substantially renovated between
1998 and 1999. Based on the August 25, 2000 rent roll, the High Ridge Apartments
property is 94% occupied. Amenities at the High
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 30
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
Ridge Apartments property include a fitness center, two laundry areas, a
swimming pool, 544 parking spaces and limited access security gates.
Property Management. The Alliance GD FH F1 Properties are each subject to a
property management agreement between the related borrower and Alliance
Residential Management, LLC, an affiliate of the related borrower. Alliance
Residential Management, LLC manages 160 properties comprising over 45,000 units.
Cash Management/Lockbox. The borrower under the Alliance GD FH F1 Portfolio
Loan must cause all rents from the Alliance GD FH F1 Properties to be deposited
into a rent account controlled by the lender within one day of receipt. Unless
and until an event of default occurs under the Alliance GD FH F1 Portfolio Loan,
the related borrower will have access to those funds.
5. THE McCANDLESS TOWERS II LOAN.
<TABLE>
<CAPTION>
General Characteristics of the McCandless Towers II Loan.
<S> <C> <C> <C>
Cut-Off Date Principal Balance: $36,936,969 Property Type: Office
Loan Per Sq. Ft.: $172.54 Sq. Ft.: 214,080
% of Initial Mortgage Pool Balance: 2.86% Location: Santa Clara, CA
Mortgage Loan Seller/Originator: Column/Column Year Built/Renovated: 1998/N/A
Mortgage Interest Rate: 8.550% Appraised Value: $63,500,000
Maturity Date: July 1, 2025 Appraisal Date: May 17, 2000
ARD Loan: Yes Encumbered Interest: Fee
Anticipated Repayment Date: July 1, 2010 Cut-Off Date LTV Ratio: 58.2%
Amortization Term: 360 Maturity/ARD LTV Ratio: 52.8%
Interest Calculation: Actual/360 Occupancy Rate at U/W: 100%
Call Protection: L (9.5), O (0.5) Occupancy Date: May 17, 2000
Cross Collateralization/Default: No Property Manager: McCandless Management Corp.
Single Asset/Portfolio: Single Asset U/W DSCR: 1.35x
</TABLE>
Major Tenants at the McCandless Towers II Property.
<TABLE>
<CAPTION>
IN-PLACE
IN-PLACE ANNUALIZED
LEASE % OF TOTAL ANNUALIZED BASE RENT
TENANT NAME EXPIRATION TENANT SF TENANT SF BASE RENT PER SQ. FT.
----------- ---------- --------- --------- --------- -----------
<S> <C> <C> <C> <C> <C>
Network Associates, Inc. 3/31/13 208,368 97.3% $4,687,390 $22.50
(Nasdaq)
Birk's Cafe 3/31/09 5,712 2.7% $150,532 $26.35
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 31
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
Lease Expiration Schedule.
-------------------------
NUMBER OF SQ. FT. OF CUMULATIVE
YEAR LEASES LEASES % OF TOTAL % OF
EXPIRATION EXPIRING EXPIRING SQ. FT. TOTAL SQ. FT.
---------- -------- -------- ------- -------------
<S> <C> <C> <C> <C>
2009 1 5,712 2.67% 2.67%
2013 1 208,368 97.33% 100%
<CAPTION>
Escrow Schedule.
---------------
RESERVE TYPE INITIAL RESERVE DEPOSIT MONTHLY RESERVE DEPOSIT
------------ ----------------------- -----------------------
<S> <C> <C>
Real Estate Tax Escrow $163,755 $40,939
<CAPTION>
Operating History.
-----------------
TRAILING 12
MONTHS
(AS OF MAY 17,
1997 1998 1999 2000) UNDERWRITTEN
---- ---- ---- -------------- ------------
<S> <C> <C> <C> <C> <C>
Effective Gross Income N/A N/A N/A $5,845,249 $5,571,055
Net Operating Income N/A N/A N/A $4,746,756 $4,656,658
Property Cash Flow N/A N/A N/A $4,703,942 $4,613,844
</TABLE>
McCandless Towers II Borrower. Birk S. McCandless, LLC is the borrower
under the McCandless Towers II Loan. It is--
XV. a single purpose limited liability company formed under the laws of the
State of California,
XVI. owned 1% by 3965 Freedom Circle Corp., the managing member,
XVII. controlled, through the managing member and the property manager, by Birk
S. McCandless, a Silicon Valley office and R&D real estate developer.
THE McCANDLESS TOWERS II PROPERTY. The McCandless Towers II Property is
located in the 4.63 acre Marriott Business Park in Santa Clara, California. It
is improved by a 11-story steel frame class A office building that was built in
1998. The improvements are comprised of 214,080 rentable square feet. The
improvements at the McCandless Towers II Property also include a one-level,
below grade parking garage with 370 parking spaces and 377 surface parking
spaces.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 32
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
The McCandless Towers II Property is 100% leased to Informix Corporation
and subleased to Network Associates Inc. Under the sublease agreement both
Informix and Network Associates are responsible to perform under the original
lease. The lease commenced on April 1, 1998 and expires on March 31, 2013. The
tenant is responsible for all operating expenses, including management expenses,
at the McCandless Towers II Property.
PROPERTY MANAGEMENT. The McCandless Towers II Property is subject to a
management agreement between the related borrower and McCandless Management
Corp, an affiliate of the related borrower. McCandless Management Corp. is
controlled by Birk S. McCandless, who actively controls the related borrower.
Mr. McCandless has built and leased more than four million square feet of office
and R&D space in the Silicon Valley.
CASH MANAGEMENT/LOCKBOX. The borrower under the McCandless Towers II Loan
must cause all rents from the McCandless Towers II Property to be deposited
directly into a rent account. During the six-month period immediately preceding
the anticipated repayment date, all excess cash flow will be trapped in a TI/LC
reserve unless on or before the beginning of that period an executed refinance
commitment is delivered to the lender.
MEZZANINE DEBT. Principals of the related borrower are expressly permitted
to incur mezzanine debt provided that the certain conditions in the mortgage
instrument are satisfied.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 33
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
6. THE ALLIANCE GD FH F2 PORTFOLIO LOAN.
General Characteristics of the Alliance GD FH F2 Portfolio Loan.
<S> <C> <C> <C>
Cut-Off Date Principal Balance: $30,282,599 Property Type: Multifamily
Loan Per Unit: $24,206.71 Units: 1,251
% of Initial Mortgage Pool Balance: 2.35% Location: Dallas, TX/
Richmond VA
Mortgage Loan Seller/Originator: Column/Column Year Built/Renovated: 1974/1999 & 1969/1999
Mortgage Interest Rate: 8.640% Appraised Value: $39,200,000
Maturity Date: April 1, 2010 Appraisal Date: March 6, 2000 and
April 1, 2000
ARD Loan: No Encumbered Interest: Fee
Anticipated Repayment Date: N/A Cut-Off Date LTV Ratio: 77.3%
Amortization Term: 360 Maturity/ARD LTV Ratio: 65.0%
Interest Calculation: Actual/360 Occupancy Rate at U/W: 96%/95%
Call Protection: L (9.5), O (0.5) Occupancy Date: May 24, 2000 &
July 18, 2000
Cross Collateralization/Default: Yes Property Manager: Alliance Residential
Management, LLC
Single Asset/Portfolio: Portfolio U/W DSCR: 1.21x
<CAPTION>
Portfolio Schedule.
------------------
YEAR
BUILT/ APPRAISED
PROPERTY NAME CITY STATE UNITS OCCUPANCY RENOVATED VALUE U/W NCF
------------- ---- ----- ----- --------- --------- ----- -------
<S> <C> <C> <C> <C> <C> <C> <C>
Timbercreek Apartments Dallas Texas 1,083 96% 1974/1999 $35,000,000 $3,060,316
Deering Manor Apartments Richmond Virginia 168 95% 1969/1999 $4,200,000 $365,276
<CAPTION>
Unit Mix Schedule: Timbercreek Apartments.
------------------------------------------
UNIT TYPE # UNITS AVERAGE RENT MAXIMUM RENT
--------- ------- ------------ ------------
<S> <C> <C> <C>
Studio Units 125 $385 $460
1 BR Units 763 $489 $655
2 BR Units 195 $653 $850
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 34
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
Unit Mix Schedule: Deering Manor.
---------------------------------
UNIT TYPE # UNITS AVERAGE RENT MAXIMUM RENT
--------- ------- ------------ ------------
<C> <C> <C> <C>
2 BR Units 168 $417 $475
Escrow Schedule.
---------------
<CAPTION>
RESERVE TYPE INITIAL RESERVE DEPOSIT MONTHLY RESERVE DEPOSIT
------------ ----------------------- -----------------------
<S> <C> <C>
Engineering Escrow $135,688 $0
Real Estate Tax Escrow $277,293 $69,323
Insurance Escrow $47,939 $8,794
Contractual Replacement Reserve $0 $26,063
Operating History.
-----------------
<CAPTION>
TRAILING 12 MONTHS
1998 1999 (AS OF JUNE 30, 2000) UNDERWRITTEN
---- ---- --------------------- ------------
<S> <C> <C> <C> <C>
Effective Gross Income $ 6,385,985 $ 6,855,198 $ 6,979,903 $ 7,170,688
Net Operating Income $ 3,307,488 $ 3,382,391 $ 3,503,988 $ 3,738,342
Property Cash Flow $ 2,994,738 $ 3,069,641 $ 3,191,238 $ 3,425,592
</TABLE>
ALLIANCE GD FH F2 PORTFOLIO BORROWER. Alliance GD FH F2 Limited Partnership
is the borrower under the Alliance GD FH F2 Portfolio Loan. It is a
single-purpose limited partnership formed under the laws of the State of
Delaware.
THE ALLIANCE GD FH F2 PROPERTIES. The Alliance GD FH F2 Properties are
comprised of:
XVIII. a 44.46 acre property located in Dallas, Texas, which is improved by a
1,083-unit garden-style apartment complex known as the Timbercreek
Apartments; and
XIX. a 14.70 acre property located in Richmond, Virginia, which is improved by
a 168-unit garden-style apartment complex known as the Deering Manor
Apartments.
The Timbercreek Apartments property was constructed in phases between 1974
and 1977. The property consists of 77 two-story and three-story buildings. The
property was substantially renovated between 1998 and 1999. Based on the May 24,
2000 rent roll, the Timbercreek
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 35
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
Apartments property is 96% occupied. Amenities at the property include an
exercise room, business center, four laundry areas, four swimming pools and
1,400 parking spaces.
The Deering Manor property was built in 1969. The property consists of 23
two-story buildings. The property was substantially renovated between 1998 and
1999. Based on the July 18, 2000 rent roll, the Deering Manor property is 95%
occupied. Amenities at the Deering Manor property include a swimming pool, open
parking, landscaping and an on-site management office.
PROPERTY MANAGEMENT. The Alliance GD FH F2 Properties are each subject to a
property management agreement between the related borrower and Alliance
Residential Management, L.L.C., an affiliate of the related borrower. Alliance
Residential Management, L.L.C. manages 160 properties comprising over 45,000
units.
CASH MANAGEMENT/LOCKBOX. The borrower under the Alliance GD FH F2 Portfolio
Loan must cause all rents from the Alliance GD FH F2 Properties to be deposited
into a rent account controlled by the lender within one day of receipt. Unless
and until an event of default occurs under the Alliance GD FH F2 Portfolio Loan,
the related borrower will have access to those funds.
7. THE COMMONS AT SUGARHOUSE LOAN.
<TABLE>
<CAPTION>
General Characteristics of the Commons at Sugarhouse Loan.
---------------------------------------------------------
<S> <C> <C> <C>
Cut-Off Date Principal Balance: $28,387,855 Property Type: Retail
Loan Per Sq. Ft.: $146.79 Sq. Ft.: 193,397
% of Initial Mortgage Pool Balance: 2.20% Location: Salt Lake City, UT
Mortgage Loan Seller/Originator: Column/Column Year Built/Renovated: 1999/N/A
Mortgage Interest Rate: 8.130% Appraised Value: $36,000,000
Maturity Date: October 1, 2010 Appraisal Date: February 21, 2000
ARD Loan: No Encumbered Interest: Fee
Anticipated Repayment Date: N/A Cut-Off Date LTV Ratio: 77.3%
Amortization Term: 360 Maturity/ARD LTV Ratio: 65.0%
Interest Calculation: Actual/360 Occupancy Rate at U/W: 97%
Call Protection: L (9.5), O (0.5) Occupancy Date: August 1, 2000
Cross Collateralization/Default: No Property Manager: Johansen-Thackeray Commercial
Real Estate Services, LC and
The Boyer Company
Single Asset/Portfolio: Single Asset U/W DSCR: 1.23x
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 36
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
Major Tenants at The Commons at Sugarhouse Property.
---------------------------------------------------
<TABLE>
<CAPTION>
IN-PLACE
IN-PLACE ANNUALIZED
LEASE % OF TOTAL ANNUALIZED BASE RENT
TENANT NAME EXPIRATION TENANT SF TENANT SF BASE RENT PER SQ. FT.
----------- ---------- --------- --------- --------- -----------
<S> <C> <C> <C> <C> <C>
Barnes & Noble
Booksellers, Inc. 11/01/13 26,702 13.8% $499,861 $18.72
Wild Oats Markets, Inc. 04/01/19 23,570 12.2% $353,550 $15.00
Bed, Bath & Beyond, Inc. 12/01/09 21,127 10.9% $445,216 $21.07
Other tenants at The Commons at Sugarhouse Property include Old Navy Inc.
and Petco Animal Supplies, Inc.
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 37
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
Lease Expiration Schedule.
-------------------------
NUMBER OF SQ. FT. CUMULATIVE
YEAR LEASES OF LEASES % OF TOTAL % OF
EXPIRATION EXPIRING EXPIRING SQ. FT. TOTAL SQ. FT.
---------- -------- -------- ------- -------------
2002 1 9,000 4.65% 4.65%
2004 7 15,759 8.15% 12.80%
2005 1 2,343 1.21% 14.01%
2007 1 6,000 3.10% 17.12%
2009 10 76,640 39.63% 56.74%
2010 2 13,079 6.76% 63.51%
2013 1 26,702 13.81% 77.31%
2015 1 14,820 7.66% 84.98%
2019 1 23,570 12.19% 97.16%
Escrow Schedule.
---------------
RESERVE TYPE INITIAL RESERVE DEPOSIT MONTHLY RESERVE DEPOSIT
------------ ----------------------- -----------------------
Real Estate Tax Escrow $390,000 $32,500
Insurance Escrow $22,917 $2,083
TI/LC Reserve $1,137,500 $2,000
Operating History.
-----------------
<TABLE>
<CAPTION>
TRAILING 12 MONTHS
(AS OF FEBRUARY 21,
1997 1998 1999 2000) UNDERWRITTEN
---- ---- ---- ------------------- ------------
<S> <C> <C> <C> <C> <C>
Effective Gross Income N/A N/A N/A $4,473,159 $4,141,665
Net Operating Income N/A N/A N/A $3,522,259 $3,265,478
Property Cash Flow N/A N/A N/A $3,367,436 $3,110,655
</TABLE>
THE COMMONS AT SUGARHOUSE BORROWER. The Commons at Sugarhouse, L.C. is the
borrower under The Commons at Sugarhouse Loan. It is--
XX. a single purpose limited liability company formed under the laws of the
State of Utah, and
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 38
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
XXI. controlled, through its managers, by The Boyer Company and
Johansen-Thackeray Commercial Real Estate Services, LC.
THE BOYER COMPANY HAS DEVELOPED OVER 11 MILLION SQUARE FEET OF RETAIL, OFFICE
AND MEDICAL OFFICE SPACE. JOHANSEN-THACKERAY HAS DEVELOPED AND/OR MANAGED 12
MULTIFAMILY AND 18 COMMERCIAL PROJECTS.
THE COMMONS AT SUGARHOUSE PROPERTY. The Commons at Sugarhouse Property is a
9.61 acre property located in Salt Lake City, Utah. It is improved by a
16-building retail project. Fifteen of the buildings were built during 1998 and
1999. One building, Guild Hall, was originally built in 1920 and was subject to
major renovations in 1994. The improvements are comprised of 43,246 square feet
of office space, 158,128 square feet of retail, a 177-space parking garage and
471 spaces of surface parking. Based on the August 1, 2000 rent roll, The
Commons at Sugarhouse Property is 97% occupied by a total of 23 tenants.
PROPERTY MANAGEMENT. The Commons at Sugarhouse Property is subject to a
management agreement between the related borrower and Johansen-Thackeray
Commercial Real Estate Services, LC and The Boyer Company, affiliates of the
related borrower.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 39
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
8. GATEWAY AT RANDOLPH APARTMENTS LOAN.
General Characteristics of the Gateway at Randolph Apartments Loan.
------------------------------------------------------------------
<S> <C> <C> <C>
Cut-Off Date Principal Balance: $27,870,175 Property Type: Multifamily
Loan per Unit: 30,863.98 Units: 903
% of Initial Mortgage Pool Balance: 2.16% Location: Randolph Township, NJ
Mortgage Loan Seller/Originator: PMCF/PMCC Year Built/Renovated: 1975/1999
Mortgage Interest Rate: 8.020% Appraised Value: $58,500,000
Maturity Date: June 1, 2010 Appraisal Date: April 14, 2000
ARD Loan: No Encumbered Interest: Fee
Anticipated Repayment Date: N/A Cut-Off Date LTV Ratio: 47.6%
Amortization Term: 300 Maturity/ARD LTV Ratio: 39.5%
Interest Calculation: Actual/360 Occupancy Rate at U/W: 100%
Call Protection: L (9.58), O (0.42) Occupancy Date: May 17, 2000
Cross Collateralization/Default: No Property Manager: Value Realty, Inc.
Single Asset/Portfolio: Single Asset U/W DSCR: 1.63x
<CAPTION>
Unit Mix Schedule.
-----------------
UNIT TYPE # UNITS AVERAGE RENT MAXIMUM RENT
--------- ------- ------------ ------------
<S> <C> <C> <C>
1 BR Units 787 $807 $995
2 BR Units 116 $997 $1,410
<CAPTION>
Operating History.
-----------------
1997 1998 1999 UNDERWRITTEN
---- ---- ---- ------------
<S> <C> <C> <C> <C>
Effective Gross Income $8,673,217 $8,673,645 $8,999,044 $8,643,278
Net Operating Income $4,927,912 $4,930,810 $5,125,526 $4,536,398
Property Cash Flow $4,858,673 $4,480,901 $4,621,466 $4,242,923
</TABLE>
GATEWAY AT RANDOLPH APARTMENTS BORROWER. Center Grove Associates, LLC is
the borrower under the Gateway at Randolph Apartments Loan. It is--
XXII. a single purpose limited liability company formed under the laws of the
State of New Jersey, and
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 40
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
XXIII. owned 100% by Center Grove Holdings, LLC, a New Jersey limited liability
company.
THE GATEWAY AT RANDOLPH APARTMENTS PROPERTY. The Gateway at Randolph
Apartments Property is a 63.90 acre property located in Randolph Township,
Morris County, New Jersey. It is improved by a 903 unit garden apartment
project. Based on the May 17, 2000 rent roll, the Gateway at Randolph Apartments
Property is 100% occupied.
ESCROW INFORMATION. The Gateway at Randolph Apartments Loan does not
require monthly payments into any real estate tax, insurance, or replacement
reserves provided that--
1. no event of default has occurred, and
2. the debt service coverage ratio is at least 1.40x.
IN THE EVENT THE RELATED BORROWER FAILS TO PROVIDE PROOF OF PAYMENT OF THE REAL
ESTATE TAXES OR INSURANCE PREMIUMS IN A TIMELY MANNER OR UPON THE OCCURRENCE OF
AN EVENT OF DEFAULT OR IN THE EVENT THE DEBT SERVICE COVERAGE RATIO FALLS BELOW
1.40X, THE LENDER MAY REQUIRE THE BORROWER TO COMMENCE MONTHLY DEPOSITS TO AN
IMPOUND ACCOUNT IN THE AMOUNTS OF $91,756.67 FOR REAL ESTATE TAXES AND $6,772.50
FOR INSURANCE PREMIUMS. UPON THE OCCURRENCE OF AN EVENT OF DEFAULT OR IN THE
EVENT THE DEBT SERVICE COVERAGE RATIO FALLS BELOW 1.40X, THE LENDER MAY REQUIRE
THE RELATED BORROWER TO COMMENCE MONTHLY DEPOSITS IN THE AMOUNT OF $22,575 FOR
THE FUTURE REPAIR OR REPLACEMENT OF THOSE ITEMS IDENTIFIED IN THE ENGINEERING
REPORT.
PROPERTY MANAGEMENT. The management arrangement between the related
borrower and Value Realty, Inc. is under an oral agreement. Value Realty, Inc.
has confirmed in a letter to the lender that the management fees are 5-1/2% of
gross revenue.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 41
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
9. THE METROPLEX LOAN.
<TABLE>
<CAPTION>
General Characteristics of the Metroplex Loan.
---------------------------------------------
<S> <C> <C> <C>
Cut-Off Date Principal Balance: $27,441,129 Property Type: Office
Loan Per Sq. Ft.: $70.61 Sq. Ft.: 388,608
% of Initial Mortgage Pool Balance: 2.16% Location: Los Angeles, CA
Mortgage Loan Seller/Originator: Column/Column Year Built/Renovated: 1985/N/A
Mortgage Interest Rate: 8.810% Appraised Value: $36,400,000
Maturity Date: June 1, 2010 Appraisal Date: January 5, 2000
ARD Loan: No Encumbered Interest: Fee
Anticipated Repayment Date: N/A Cut-Off Date LTV Ratio: 75.4%
Amortization Term: 360 Maturity/ARD LTV Ratio: 68.8%
Interest Calculation: Actual/360 Occupancy Rate at U/W: 83%
Call Protection: L (9.5), O (0.5) Occupancy Date: August 1, 2000
Cross Collateralization/Default: No Property Manager: Jamison Properties, Inc.
Single Asset/Portfolio: Single Asset U/W DSCR: 1.34x
<CAPTION>
Major Tenants at the Metroplex Property.
---------------------------------------
IN-PLACE
IN-PLACE ANNUALIZED
LEASE % OF TOTAL ANNUALIZED BASE RENT
TENANT NAME EXPIRATION TENANT SF TENANT SF BASE RENT PER SQ. FT.
----------- ---------- --------- --------- --------- -----------
<S> <C> <C> <C> <C> <C>
L.A. Care 4/1/01 100,966 26.0% $140,018.55 $1.39
<CAPTION>
Lease Expiration Schedule.
-------------------------
NUMBER OF SQ. FT. CUMULATIVE
YEAR LEASES OF LEASES % OF TOTAL % OF
EXPIRATION EXPIRING EXPIRING SQ. FT. TOTAL SQ. FT.
---------- -------- -------- ------- -------------
<C> <C> <C> <C> <C>
2000 1 2,971 0.77% 0.77%
2001 9 161,442 41.82% 42.58%
2002 8 26,449 6.85% 49.44%
2003 9 26,957 6.98% 56.42%
2004 5 24,957 6.46% 62.88%
2005 10 73,361 19.00% 81.88%
2007 3 21,982 5.69% 87.58%
2008 2 23,524 6.09% 93.67%
2010 1 2,550 0.66% 94.33%
2011 1 - 0.00% 94.33%
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 42
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
<TABLE>
<CAPTION>
Escrow Schedule.
---------------
RESERVE TYPE INITIAL RESERVE DEPOSIT MONTHLY RESERVE DEPOSIT
------------ ----------------------- -----------------------
<S> <C> <C>
Real Estate Taxes Reserve $146,533 $29,307
Insurance Escrow $0 $3,862
L.A Care Reserve $0 $40,000
Environmental Escrow $625 $0
TI & LC Reserve $0 $20,000
<CAPTION>
Operating History.
-----------------
TRAILING 12 MONTHS
(AS OF APRIL 30,
1997 1998 2000) UNDERWRITTEN
---- ---- ------------------ ------------
<S> <C> <C> <C> <C>
Effective Gross Income $6,833,978 $5,538,478 $5,913,894 $6,244,993
Net Operating Income $3,987,238 $3,073,724 $4,029,734 $4,036,626
Property Cash Flow $3,446,309 $2,532,795 $3,488,805 $3,495,697
</TABLE>
METROPLEX BORROWER. Metroplex, LLC is the borrower under the Metroplex
Loan. It is--
XXIV. a single purpose limited liability company formed under the laws of the
State of California, and
XXV. owned 21% by Dr. David Lee, the managing member.
DR. DAVID LEE OWNS AND OPERATES OVER SEVEN MILLION SQUARE FEET OF OFFICE SPACE
IN THE LOS ANGELES MARKET.
THE METROPLEX PROPERTY. The Metroplex Property is an 18-story office
building that was built in 1985 and is located in Los Angeles, California. The
improvements are comprised of approximately 388,608 rentable square feet of
offices, with some ground level retail space. The improvements at the Metroplex
Property also include a seven-level parking garage with 850 parking spaces.
Based on the August 1, 2000 rent roll, the Metroplex Property is 94% occupied by
a total of 42 tenants.
PROPERTY MANAGEMENT. The Metroplex Property is subject to a management
agreement between the related borrower and Jamison Properties, Inc., an
affiliate of the related borrower.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 43
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
Jamison Properties Inc. is controlled by Dr. David Lee and currently manages
over seven million square feet of office space in the Mid-Wilshire District of
Los Angeles, California.
CASH MANAGEMENT/LOCKBOX. The borrower under the Metroplex Loan must cause
all rents from the Metroplex Property to be deposited into a rent account within
one business day of receipt. Unless and until an event of default occurs under
the Metroplex Loan, the related borrower will have access to those funds.
10. PALM PLAZA SHOPPING CENTER LOAN
<TABLE>
<CAPTION>
General Characteristics of the Palm Plaza Shopping Center Loan.
--------------------------------------------------------------
<S> <C> <C> <C>
Cut-Off Date Principal Balance: $25,476,217 Property Type: Retail
Loan Per Sq. Ft.: $74.42 Sq. Ft.: 342,338
% of Initial Mortgage Pool Balance: 1.97% Location: Temecula, CA
Mortgage Loan Seller/Originator: PMCF/PMCC Year Built/Renovated: 1990/N/A
Mortgage Interest Rate: 7.570% Appraised Value: $34,750,000
Maturity Date: June 1, 2029 Appraisal Date: March 15, 1999
ARD Loan: Yes Encumbered Interest: Fee
Anticipated Repayment Date: June 1, 2009 Cut-Off Date LTV Ratio: 73.3%
Amortization Term: 360 Maturity/ARD LTV Ratio: 65.6%
Interest Calculation: Actual/360 Occupancy Rate at U/W: 94%
Call Protection: L (9.42), O (0.58) Occupancy Date: August 8, 2000
Cross Collateralization/Default: No Property Manager: Kimco Realty Corporation
Single Asset/Portfolio: Single Asset U/W DSCR: 1.31x
<CAPTION>
Major Tenants at the Palm Plaza Shopping Center Property.
--------------------------------------------------------
IN-PLACE
% OF IN-PLACE ANNUALIZED
LEASE TOTAL ANNUALIZED BASE RENT
TENANT NAME EXPIRATION TENANT SF TENANT SF BASE RENT PER SQ. FT.
----------- ---------- --------- --------- --------- -----------
<S> <C> <C> <C> <C> <C>
Kmart 11/30/17 86,479 25.3% $207,000 $2.39
Food 4 Less 12/31/10 52,640 15.4% $425,000 $8.07
</TABLE>
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 44
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
Lease Expiration Schedule.
-------------------------
SQ. FT. OF % OF CUMULATIVE
YEAR OF NUMBER OF LEASES LEASES TOTAL % OF
EXPIRATION EXPIRING EXPIRING. SQ. FT. TOTAL SQ. FT.
---------- -------- -------- ------- -------------
2000 5 6,676 1.95% 1.95%
2001 8 18,242 5.33% 7.28%
2002 12 34,267 10.01% 17.29%
2003 5 7,652 2.24% 19.52%
2004 3 11,637 3.40% 22.92%
2005 5 16,415 4.79% 27.72%
2006 2 34,355 10.04% 37.75%
2007 1 14,200 4.15% 41.90%
2010 1 52,640 15.38% 57.28%
2011 1 4,500 1.31% 58.59%
2013 1 6,000 1.75% 60.35%
2017 1 86,479 25.26% 85.61%
2025 2 - 0.00% 85.61%
2029 1 29,650 8.66% 94.27%
Escrow Schedule.
---------------
RESERVE TYPE INITIAL RESERVE MONTHLY RESERVE DEPOSIT
------------ --------------- -----------------------
Real Estate Taxes Reserve $130,832 $45,466
TI & LC Reserve $200,000 $0
Replacement Reserve $0 $2,500
<TABLE>
<CAPTION>
Operating History.
-----------------
1997 1998 1999 T-12 2000 UNDERWRITTEN
---- ---- ---- --------- ------------
<S> <C> <C> <C> <C> <C>
Effective Gross Income $4,201,102 $4,425,442 $4,518,541 $4,404,197 $4,398,085
Net Operating Income $3,024,088 $3,085,810 $3,334,407 $3,234,180 $3,051,642
Net Cash Flow $2,887,534 $2,872,486 $3,307,501 $2,726,492 $2,842,851
</TABLE>
PALM PLAZA SHOPPING CENTER BORROWER. KIR Temecula L.P. is the borrower
under the Palm Plaza Shopping Center Loan. It is--
XXVI. a single purpose limited partnership formed under the laws of the State
of California,
XXVII. owned 0.5% by KIR Temecula 762 L.L.C., a Delaware limited liability
company and its general partner, and 99.5% by Kimco Income Operating
Partnership, L.P., a Delaware limited partnership, and
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 45
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
XXVIII. controlled by Kimco Income REIT, a Maryland real estate investment
trust.
THE PALM PLAZA SHOPPING CENTER PROPERTY. The Palm Plaza Shopping Center
Property is a 37.78 acre property located in Temecula, California. It is
improved by a single story anchored community shopping center that was built in
1990. The improvements are comprised of 342,338 rentable square feet.
Based on a rent roll provided by the related borrower dated August 8, 2000,
the Palm Plaza Shopping Center Property is 94.3% occupied. The Palm Plaza
Shopping Center Property is occupied by 48 tenants, with the ten largest tenants
accounting for 255,838 square feet or approximately 74.7% of the property's
rentable area.
ESCROW INFORMATION. The Palm Plaza Shopping Center Loan requires monthly
deposits into an escrow account in an amount estimated to be sufficient to pay
real estate taxes when due, except that prior to its anticipated repayment date
and if no event of default is continuing under the Palm Plaza Shopping Center
Loan documents, no deposits will be required for the proportionate share of
taxes payable by either Kmart or Union Bank, but only so long as the applicable
tenant is not in default under its lease and is both required to pay, and is
actually paying, its share of the taxes directly to the taxing authority.
The Palm Plaza Shopping Center Loan requires monthly deposits into an
escrow account in an amount estimated to be sufficient to pay insurance premiums
when due, but provides that, prior to the occurrence of a cash sweep event, if
the related borrower prepays the insurance premiums, and provides evidence of
payment to the lender, no such deposits will be collected.
The borrower under the Palm Plaza Shopping Center Loan is obligated to make
monthly payments of $10,000 during each ten month period prior to the expiration
of the TJ Maxx lease. The borrower has deposited $200,000 into a second leasing
reserve for the payment of leasing costs associated with the re-leasing of that
portion of the Palm Plaza Shopping Center Property not occupied by TJ Maxx. The
borrower may apply for disbursements of funds from this reserve in an amount
equal to the lesser of the actual leasing costs incurred in connection with a
new lease or $5.00 per rentable square foot of space leased under the new lease.
All funds in the reserve shall be disbursed to the related borrower upon request
at the time that both the TJ Maxx space and the portion of the space currently
leased to Pier One Imports have been leased at specified minimum rents for a
term ending on or after May 1, 2006.
PROPERTY MANAGEMENT. The Palm Plaza Shopping Center Property is subject to
a management agreement between the related borrower and Kimco Realty
Corporation, an affiliate of the related borrower. Kimco Realty Corporation,
together with its affiliates, is one of the nation's largest owners of
neighborhood and community shopping centers. As of March 1, 2000, Kimco's
portfolio included 400 shopping centers with approximately 62 million square
feet of leasable area in 41 states throughout the United States.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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 46
<PAGE>
DLJCMC SERIES 2000-CKP1 COLLATERAL AND STRUCTURAL TERM SHEET OCTOBER 16, 2000
CASH MANAGEMENT/LOCKBOX. The borrower under the Palm Plaza Shopping Center
Loan has agreed that from and after the earliest to occur of:
1. an event of default under the Palm Plaza Shopping Center Loan
documents,
2. three months prior to the anticipated repayment date, unless, by that
date, the Palm Plaza Shopping Center Borrower has a commitment for a
loan to refinance the Palm Plaza Shopping Center Loan,
3. the termination or expiration of the commitment letter referenced in
clause 2. above, or
4. the anticipated repayment date, and
CONTINUING UNTIL THE PALM PLAZA SHOPPING CENTER LOAN IS REPAID IN FULL, ALL
RENTS FROM THE PALM PLAZA SHOPPING CENTER PROPERTY WILL BE DEPOSITED INTO AN
ACCOUNT CONTROLLED BY LENDER WITH A BANK APPROVED BY LENDER. AFTER THE
OCCURRENCE OF A CASH SWEEP EVENT, AND AT THE LENDER'S REQUEST, ALL FUNDS
DEPOSITED IN THE ACCOUNT WILL BE TRANSFERRED BY THE BANK TO AN ACCOUNT UNDER THE
SOLE DOMINION AND CONTROL OF LENDER, TO BE APPLIED BY THE LENDER IN ACCORDANCE
WITH THE TERMS OF THE PALM PLAZA SHOPPING CENTER LOAN DOCUMENTS.
--------------------------------------------------------------------------------
This investment summary is prepared solely for informational purposes and no
offer to sell or solicitation of any offer to purchase securities is being made
hereby. This summary is for use by Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc.
(collectively, the "Underwriters") and their personnel to assist in determining
whether potential investors wish to proceed with an in-depth investigation of
the proposed offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by the
Underwriters or any of their respective affiliates, and those entities make no
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 lives, is hypothetical and based on
certain assumptions, including, without limitation, assumptions regarding the
absence of voluntary and involuntary prepayments or the timing of such
occurrences. The actual characteristics and performance of the mortgage loans
will differ from those assumptions and those 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. The
contents herein are not to be reproduced without the express written consent of
the Underwriters. THE INFORMATION CONTAINED HEREIN SUPERSEDES ANY AND ALL
INFORMATION CONTAINED IN ANY PREVIOUSLY FURNISHED SUMMARIES, MEMORANDA OR TERM
SHEETS AND WILL BE SUPERSEDED BY ANY SUBSEQUENTLY FURNISHED SIMILAR MATERIALS.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY A FINAL PROSPECTUS AND
PROSPECTUS SUPPLEMENT. No purchase of any securities may be made unless and
until a final prospectus and prospectus supplement has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The Underwriters 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.
47
<PAGE>
INFORMATION CONTAINED ON THIS DISKETTE DATED, OCTOBER 18, 2000, IS SUBJECT TO
COMPLETION OR AMENDMENT.
This diskette relates to the DLJ Commercial Mortgage Corp., Commercial Mortgage
Pass-Through Certificates, Series 2000-CKP1, Class A-1A, Class A-1B, Class A-2,
Class A-3, Class A-4, Class B-1, Class B-2 and Class B-3 (the "Offered
Certificates"). The information contained on this diskette is provided to
facilitate your review of the collateral underlying the Offered Certificates.
The information on this diskette constitutes a collateral term sheet prepared
solely for informational purposes. No offer to sell or solicitation of any offer
to purchase securities is being made hereby. While the information contained
hereon is from sources believed to be reliable, it has not been independently
verified by Donaldson, Lufkin & Jenrette Securities Corporation, Prudential
Securities Incorporated, Credit Suisse First Boston Corporation, McDonald
Investments Inc. and Salomon Smith Barney Inc. or any of their respective
affiliates. Therefore, none of Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc., Salomon Smith Barney Inc. nor any of
their respective affiliates makes any representations or warranties with respect
to the information contained hereon or as to the appropriateness, usefulness or
completeness of these materials. The information on this diskette is subject to
errors, omissions and changes and is subject to modification or withdrawal at
any time with or without notice. The information on this diskette supersedes any
and all information contained in any previously furnished collateral term sheets
and shall be superseded by any subsequently furnished similar materials. The
information on this diskette shall be superseded by a final prospectus and
prospectus supplement with respect to the Offered Certificates. No purchase of
any securities may be made unless and until a final prospectus and prospectus
supplement with respect to the Offered Certificates has been received by a
potential investor and such investor has complied with all additional related
offering requirements. The contents of this diskette are not to be reproduced
without the express written consent of Donaldson, Lufkin & Jenrette Securities
Corporation, Prudential Securities Incorporated, Credit Suisse First Boston
Corporation, McDonald Investments Inc. and Salomon Smith Barney Inc. Donaldson,
Lufkin & Jenrette Securities Corporation, Prudential Securities Incorporated,
Credit Suisse First Boston Corporation, McDonald Investments Inc. and Salomon
Smith Barney Inc. and their 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.
Prospective investors are advised to read carefully, and should rely solely on,
the final prospectus and prospectus supplement relating to the Offered
Certificates in making their investment decisions.
<PAGE>
DLJ COMMERCIAL MORTGAGE CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-CKP1
PRELIMINARY INFORMATION
OCTOBER 16, 2000
<TABLE>
<CAPTION>
# Property Name Management Company
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 437 Madison Avenue Sage Realty Corporation
2 Valencia Marketplace, Power Center DSB Properties, Inc.
3 Hercules Plaza (1) Binswanger Management Corp.
4 Alliance GD FH F1
4a Seven Gables Apartments Alliance Residential Management, L.L.C.
4b High Ridge Apartments Alliance Residential Management, L.L.C.
5 McCandless Towers II McCandless Management Corporation
6 Alliance GD FH F2
6a Timbercreek Apartments Alliance Residential Management, L.L.C.
6b Deering Manor Apartments Alliance Residential Management, L.L.C
7 Commons at Sugarhouse Johansen-Thackeray Commercial Real
Estate Services, LC and The Boyer Company
8 Gateway at Randolph Apartments Value Realty, Inc.
9 Metroplex Jamison Properties, Inc.
10 Palm Plaza Shopping Center Kimco Realty Corporation
11 Page Field Commons Starwood Wasserman Management
12 Poly Foam (2A) Owner Managed
13 Poly-Foam International, Inc. (2A) Owner Managed
14 The Genesis Loan
14a Autumn Ridge Apartments Genesis Realty Management, Inc.
14b Summer Glen Apartments Genesis Realty Management, Inc.
15 Sterling University Crescent Owner Managed
16 Oakbrook Apartments R.W. Day & Associates, Inc.
17 One Bulfinch Place Intercontinental Management
18 Sandhurst Apartments Scott Management Company
19 Chandler Sunset Plaza Mileski Development LLC
20 Saddle Brook Apartments Value Realty, Inc.
21 Railway Express Building Potomac Development Corp
22 Hillcroft Apartments Ceebraid-Signal Management Group
23 Radisson Inn Harbourwalk (2B) Graves Hospitality Corporation
24 Radisson Suite Hotel (2B) St. Cloud Suite Hotel, Inc.
25 Highland Cove Retirement Community American Lifestyles, Inc.
26 Regency Warehouse Levco Development Corp.
27 Silverado Ranch Center Silverado Ranch Centre Mgmt. Co.
28 Holiday Inn Orlando Dimension Development Company, Inc.
29 Carlton Village Apartments Owner Managed
30 Glenridge Apartments Bridge Property Management
31 2200 First Avenue South Owner Managed
32 Windmill Apartments Bridge Property Management
33 Kent Hill Plaza Gramor Development Washington
34 Cheyenne Crest Apartments Bridge Property Management
35 Big Kmart - Midwest City Kimco Realty Corporation
36 Westgate Crossing Shopping Center CBL & Associates Management Inc.
37 Big Kmart - Edmond Kimco Realty Corporation
38 One Cameron Place Powers Companies, Inc.,d/b/a Madison
Commercial Group
39 Roseland Shopping Center The Widewaters Group
40 Big Kmart - Chicago Kimco Realty Corporation
41 Crystal Mountain Office Park (2C) Libitzky Management Corporation
42 Lake Pointe Center II (2C) Richard Berns Investments and
Libitzky Manangement Corporation
43 DoubleTree Hotel Erin Inc.
44 Twelve Oaks Shopping Center A.J.&C Garfunkel Company
45 Streetsboro Market Square The Coral Company
46 Ravenswood Apartments Fore Property Company
47 Pembroke Office Park Owner Managed
48 Candlewood Hotel - Sacramento Larkspur Hospitality
49 Royal Jetstar Tech Center Trinity Interests
50 North Reading Plaza Spaulding & Slye
51 Cypress Springs Apartments Elkor Properties, Inc.
52 Sterling University Peaks Owner Managed
53 Kmart - Allen Owner Managed
54 Hartville Center Owner Managed
55 Pony Express Building Owner Managed
56 Willow Pond Apartments Homes for America Holdings, Inc.
57 Standard Dairy Apartments WCR
58 Edward's Office Portfolio
58a 200 Newport Center Drive Newport Center Management Co.
58b 359 San Miguel Drive Newport Center Management Co.
58c 363 San Miguel Drive Newport Center Management Co.
59 Garfield Suites Hotel Owner Managed
60 Larry's Market Owner Managed
61 Big-K Plaza Torrington Associates, LLC
62 Granite Retail Portfolio
62a Campbell Park Shopping Center Cedar Creek Realty, L.C.
62b Frankford Crest Shopping Center Cedar Creek Realty, L.C.
62c Midway Village Shopping Center Cedar Creek Realty, L.C.
62d Campbell Square Shopping Center Cedar Creek Realty, L.C.
63 Walnut Creek Apartments Betz Realty Management, L.C.
64 Royal Freeport Tech Center Holt Companies
65 100 Demarest Drive Owner Managed
66 Indian Run Village Continental Communities Mgmt.
67 210 Main Street Owner Managed
68 Clearbrook Village Apartments Alliance Residential Management, L.L.C.
69 Brookdale Shopping Center Owner Managed
70 Courtyard by Marriott Hotel SREE Incorporated
71 Hamilton Park Apartments Owner Managed
72 Brookwood Shopping Center Precor Realty Advisors, Inc.
73 6329 Glenwood Office Building Triple Net Properties, LLC
74 Landmark Garden Apartments Landmark Redevelopment, Inc.
75 Applecreek Apartments Genesis Realty Management, Inc.
76 Plaza At The Pointe Shopping Center Equitable Realty, Inc.
77 Ramblewood Apartments Gold Crown Management Company
78 Scottsdale Airpark II Owner Managed
79 New Market Square Shopping Center Plaza Associates, Inc.
80 Maple Leaf Apartments Westco Equities, Inc.
81 The Shops at Fair Lakes Peterson Retail Management LC
82 Sunpark Apartments Barron & Builders Management
83 Carol Oaks Apartments Price Realty Corporation
84 Florida Computer Center Ross Realty Investments, Inc.
85 Tonawanda Manor Braunview Associates
86 Woodridge Apartments CNC Investments, Inc.
87 Dunwoody Plaza The Simpson Organization, Inc.
88 Schaumburg Plaza Centrum Properties, Inc.
89 Whispering Oaks Mobile Home Park Buckner Finance Company
90 Harbor Technology Center Essex Realty Management, Inc.
91 Stove Works Office Building Owner Managed
92 Holy Cross Professional Center Rollins Real Estate Management, Co.
93 Augusta Plaza Shopping Center Dirigo Housing Associates
94 Banana Republic Walnut Capital Management
95 Forest Hills Apartments Owner Managed
96 West Marietta Retail Center Coro Realty Advisors, LLC
97 Regency Centre Office Complex Polacorp, Inc.
98 Southtowne Center Owner Managed
99 Pinetree Village Apartments Owner Managed
100 Weston Shoppes Olympia Partners
101 Pine Trails Apartments Kirkland Management Company, Inc
102 Old County Road Owner Managed
103 Cambridge Court Retirement Community Leisure Care
104 Bryn Mawr Suites Apartments Woodward Properties Inc.
105 Bruno's Shopping Center Owner Managed
106 Laddins Rock Owner Managed
107 Christine Place Apartments Owned Managed
108 Best Western Siesta Beach Resort Owner Managed
109 Richland Hills Apartments S&S Property Management Co., Inc.
110 Star Wholesale Florist, Inc. International Captial, Inc.
111 Office Depot Ari-El Enterprises, Inc.
112 CVS Plaza - East Hartford Berkshire Development
113 CVS Plaza - Queensbury Owner Managed
114 Warehouse X/Lock-It Lockers Equity Management Corporation
115 Lazy Acres Estates Continental Communities Mgmt.
116 214 Main Street Owner Managed
117 Office Depot at Woodhaven Village Square Rosen & Associates
118 Winder Village Manufactured Housing Community (2D) Follett Investment Properties, Inc.
119 Russell Village Manufactured Housing Community (2D) Follett Investment Properties, Inc.
120 Northway Plaza Shopping Center Selective Development Company
121 Phoenix Park Apartments Owner Managed
122 Eckerd's Drug Store - S. Main Owner Managed
123 Chabot Office Plaza ADG Development & Investments, Inc.
124 Middlefield Market Square Shopping Center Owner Managed
125 Eckerd's Drug Store - N. Main Owner Managed
126 Gentry Plaza Columbus Pacific Properties
127 The Meadows Apartments Julian Investment Group II
128 Miggy's Mall Shopping Center Owner Managed
129 Colony Square Apartments White Property Management, Inc
130 Eckerd's Drug Store - Kingston Owner Managed
131 Pueblo Point Ace Hardware Owner Managed
132 Five Star Business Park Birkeland Cooper & Associates, LLC
133 Eckerd's Drug Store - Half Moon Owner Managed
134 Oaks Apartments Brothers Management Company
135 New England Place Apartments BDB Properties
136 1025 East Maple Office Building Dietz Management
137 Jaffe Eye Office Building Ross Realty Investments, Inc.
138 Calder Square, Phase II Apartments Barron Builders & Management
139 North Mall County East Management Corp.
140 Wekiva Executive Center Robson Daniels Inc.
141 The Kirkland Loan
141a Lakeview Arms Apartments Kirkland Management Company, Inc.
141b Jackson Square Apartments Kirkland Management Company, Inc.
142 Office Max - Northwood Carnegie Mgt & Development Corp.
143 Office Max - Alexandria Carnegie Management & Development Corp
144 Foxpoint Commons VN Property Management, LLC
145 Continental Terrace Apartments Midwest Property Services, Inc.
146 Cheyenne Mountain Center Griffiths-Blessing, Inc.
147 Circle K Plaza Sperry Van Ness Mullin
148 Flamingo West Apartments Owner Managed
149 Big K Store EIG Realty
150 St. Agnes Apartments Stallard & Associates
151 Richfield Court Apartments Princeton Enterprises, L.L.C.
152 Peconic Mini Storage Mini-Storage Companies
153 Heritage Estates Manufactured Housing Community Great Lakes Community Management Group, L.L.C.
154 Academy Apartments Owner Managed
155 North By Northeast II Shoppes Olympia Partners
156 Warehouse II/Lock-It Lockers Equity Management Corporation
157 Mission Hill Apartments Owner Managed
158 Boston Square Shopping Center Terry Properties, Ltd.
159 Gaithersburg Shopping Center Pinnacle Realty Management Co.
160 Iteq Building Owner Managed
161 Coliseum Self Storage Turtle Creek Management, Inc
162 Centre Square Apartments R Squared Enterprises, LLC
163 Emerald Lake Apartments Trizel Commercial Real Estate Services, Inc.
164 The Sun Prairie Apartments Tarentino Properties
165 7th Street Grocery Jahansen-Thackeray, Inc.
166 Eagle's Nest Office Building Owner Managed
167 New Augusta Shoppes Olympia Partners
168 Lakedale Apartments (2E) Owner Managed
169 Liberty Apartments (2E) Owner Managed
170 Sunshine Care Homes JMS Properties
171 1-9 Flatbush Avenue Bullard Puchsing and Sales
172 Pathmark Store No. 550 Mosbacher Properties Group
173 Kmart Plaza - Minot Coldwell Banker 1st Minot Realty & Management
174 Villa Del Rio Apartments Owner Managed
175 Winchester Arms & Fox Chase Apartments Owner Managed
176 Old Orchard II Apartments Garfield Investment
177 55-65 Merrick Road Owner Managed
178 5055 California Avenue Owner Managed
179 Castle Store & Lock Owner Managed
180 The Monterey/Sherbrooke Loan
180a Monterey Apartments Owner Managed
180b Sherbrooke Apartments Owner Managed
181 Arctic Office Building Owner Managed
182 Lockheed Martin Building FINSA Development Corporation
183 Renton Highlands Center Owner Managed
184 Lansing Square Apartments Owner Managed
185 CVS #0742-01 Owner Managed
186 Pinewood Village Apartments Styles Holdings II, Inc.
187 Midway Commercial Building Progressive Management Investments, Inc.
188 Jersey Street Apartments Owner Managed
189 Preston Office Park Owner Managed
190 Fairmont Oaks Apartments Owner Managed
191 Premier Plaza Shopping Center Owner Managed
192 4404-4418 Walnut Street Owner Managed
193 Cumberland Technical Center Cumberland Property Management
194 Orchard Park Apartments Owner Managed
195 Quarry Ridge Apartments Owner Managed
196 Stoney Creek Apartments William Penn Realty Group
197 Plaza Apartments Owner Managed
198 Gordon Portfolio
198a Mulberry Court Apartments Owner Managed
198b 6919 Walker Street Owner Managed
198c 5711 Erdrick Street Owner Managed
199 Warehouse I/Lock-It Lockers Equity Management Corporation
200 Park City Plaza Owner Managed
201 Sunny Townhomes Owner Managed
202 Town & Country Shopping Center Zamagias Properties
203 The Majestic Building Owner Managed
204 Royal Park Apartments Owner Managed
205 Greensburg Plaza Owner Managed
206 Wilson Heights Apartments Owner Managed
207 Northway Court Shopping Center Graves Hospitality Corporation
208 Goodwill Retail Center Owner Managed
209 Warehouse IV/Lock-It Lockers Equity Management Corporation
210 Warehouse IX/Lock-It Lockers Equity Management Corporation
211 Morello Building Owner Managed
212 Town North Villa Apartments Owner Managed
213 1137 North 13th Street Apartments (2F) Owner Managed
214 949-969 North 27th Street (2F) Owner Managed
215 Summit Plaza Owner Managed
216 Turney Square Apartments Owner Managed
217 1735 Central Avenue The Howard Group Management
218 Lake Street Apartments Owner Managed
219 Atwood & Barker Apartments Owner Managed
220 162 Myrtle Avenue Owner Managed
221 Summit Heights Apartments Owner Managed
222 40 Scitico Road Owner Managed
223 Sunnyvale Trailer Park Sunnydale Management
224 Woodhaven Village Square Noral Inc.
225 North Gate Apartments (2G) Courtney's Real Estate & Auction Sales
226 Salem Apartments (2G) Courtney's Real Estate & Auction Sales
227 St. John's Office Building Owner Managed
228 Southlake Center Owner Managed
229 Country Villa Apartments Owner Managed
230 Coach Light Apartments Owner Managed
231 4425 South 87th Street Owner Managed
232 Cosmos Apartments Owner Managed
Total
/Weighted
Average:
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
# Address City County State
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 437 Madison Avenue New York New York NY
2 25420-25710 The Old Road Valencia Los Angeles CA
3 1313 North Market Street Wilmington New Castle DE
4
4a 11 Laburnam Avenue Richmond Henrico VA
4b 8111 Manderville Lane Dallas Dallas TX
5 3965 Freedom Circle Santa Clara Santa Clara CA
6
6a 6001 Skillman Street Dallas Dallas TX
6b 2720 Hopkins Road Richmond Chesterfield VA
7 2100 South Highland Drive Salt Lake City Salt Lake City UT
8 44 Center Grove Road Randolph Township Morris NJ
9 3530 Wilshire Boulevard Los Angeles Los Angeles CA
10 26479 Ynez Road Temecula Riverside CA
11 5043 South Cleveland Avenue Fort Myers Lee FL
12 1311 Majestic Drive Fremont Sandusky OH
13 1411 Majestic Drive Fremont Sandusky OH
14
14a 9607 Wickersham Road Dallas Dallas TX
14b 9624 Rolling Rock Lane Dallas Dallas TX
15 4500 Burbank Drive Baton Rouge East Baton Rouge Parish LA
16 5055 Nicholson Drive Baton Rouge East Baton Rouge Parish LA
17 One Bulfinch Place Boston Suffolk MA
18 30582 Sandhurst Drive Roseville Macomb MI
19 Northeast Corner of Ray and Rural Roads Chandler Maricopa AZ
20 49 Finnigan Avenue Saddle Brook Township Bergen NJ
21 900 Second Street, N.E. Washington N/A DC
22 10 Clapboard Ridge Road Danbury Fairfield CT
23 223 Gaslight Circle Racine Racine WI
24 404 W. St. Germain St. Cloud Stearns MN
25 3750 South Highland Drive Salt Lake City Salt Lake UT
26 100 Adams Street Clinton Worcester MA
27 9715, 9725, 9775, 9785 S. Maryland Parkway Las Vegas Clark NV
28 5905 South Kirkman Road Orlando Orange FL
29 3331 Route 94 South Hardyston Township Sussex NJ
30 4770 Nightingale Drive Colorado Springs El Paso CO
31 2200 First Avenue South Seattle King WA
32 4165 Lacy Lane Colorado Springs El Paso CO
33 25610-26004 104th Avenue, SE Kent King WA
34 4008 Westmeadow Drive Colorado Springs El Paso CO
35 5701 East Reno Avenue Midwest City Oklahoma OK
36 660 Spartan Boulevard Spartanburg Spartanburg SC
37 2501 South Broadway Edmond Oklahoma OK
38 7901 Cameron Road Austin Travis TX
39 3225 Route 364 Canandaigua Ontario NY
40 1710 North Kostner Avenue Chicago Cook IL
41 9433 Bee Caves Road Austin Travis TX
42 11612 Bee Caves Road Austin Travis TX
43 1230 Congress Street Portland Cumberland ME
44 5500 Abercorn Street Savannah Chatham GA
45 9240-9298 Market Square Drive & 9424 State Route 14 Streetsboro Portage OH
46 401 West Pine Avenue Lompoc Santa Barbara CA
47 281 Independence Boulevard Virginia Beach Virginia Beach City VA
48 555 Howe Avenue Sacramento Sacramento CA
49 4040 Royal Lane Irving Dallas TX
50 72 Main Street North Reading Middlesex MA
51 210 Welcome Way Fern Park Seminole FL
52 2985 E. Aurora Avenue Boulder Boulder CO
53 111 North Central Expressway Allen Collin TX
54 839-907 West Maple Hartville Stark OH
55 2236 Lower Lake Road & 2307 Alabama Street St. Joseph Buchanan MO
56 6003 Abrams Road Dallas Dallas TX
57 2808 Northeast Martin Luther King Jr. Boulevard Portland Multnomah OR
58
58a 200 Newport Center Drive Newport Beach Orange CA
58b 359 San Miguel Drive Newport Beach Orange CA
58c 363 San Miguel Drive Newport Beach Orange CA
59 2 Garfield Place Cincinnati Hamilton OH
60 12323 120th Place NE Kirkland King WA
61 681 Main Street Torrington Litchfield CT
62
62a 3443 W. Campbell Road (Big Spring Road) Garland Dallas TX
62b 6911 Frankford Road Dallas Collin TX
62c 19021 Midway Road Dallas Denton TX
62d 955 East Campbell Road Richardson Dallas TX
63 11411 Green Plaza Drive Houston Harris TX
64 4343 Royal Lane Irving Dallas TX
65 100 Demarest Drive Wayne Township Passaic NJ
66 1 Lenape Way Honey Brook Chester PA
67 210 Main Street Hackensack Bergen NJ
68 3516 Tall Oaks Circle Memphis Shelby TN
69 2500 8th Street South Moorhead Clay MN
70 16700 Northcross Drive Huntersville Mecklenburg NC
71 6300 Ranchester Drive Houston Harris TX
72 9000 South Western Avenue Oklahoma City Cleveland OK
73 6329 Glenwood Avenue Overland Park Johnson KS
74 1551 West Airport Freeway Irving Dallas TX
75 9874 Dalecrest Drive Dallas Dallas TX
76 35248-35324 23 Mile Road New Baltimore Macomb MI
77 155 Briarwood Road Fort Collins Larimer CO
78 16001 North Greenway-Hayden Loop and 16000 North 80th Street Scottsdale Maricopa AZ
79 1040 Henderson Drive Jacksonville Onslow NC
80 7150, 7170 & 7190 North Maple Avenue Fresno Fresno CA
81 12701-12735 Shoppes Lane Fairfax Fairfax VA
82 2205 North Frazier Conroe Montgomery TX
83 7412 Ederville Road Fort Worth Tarrant TX
84 7841-7919 Pines Boulevard Pembroke Pines Broward FL
85 111 Ensminger Road Tonawanda Erie NY
86 301 North FM 1417 Sherman Grayson TX
87 1410 Dunwoody Village Parkway Atlanta Dekalb GA
88 1443 West Schaumburg Road Schaumburg Cook IL
89 315 Barricks Road Brooks Bullitt KY
90 20280-20300 Del Amo Boulevard Torrance Los Angeles CA
91 112 Krog Street Atlanta Fulton GA
92 2415 Musgrove Road Silver Spring Montgomery MD
93 48-54 Western Avenue Augusta Kennebec ME
94 5542 Walnut Street Pittsburgh Allegheny PA
95 5003-5017 & 5049 West 159th Street Oak Forest Cook IL
96 Dallas Highway & Villa Rica Road Marietta Cobb GA
97 8202 Clearvista Parkway Indianapolis Marion IN
98 10331 and 10317 South State Street Sandy Salt Lake UT
99 7500 Broadway Denver Adams CO
100 4000 West 106th Street Carmel Hamilton IN
101 552 Spring Ridge Road Clinton Hinds MS
102 1725 Old County Road San Carlos San Mateo CA
103 1109 Sixth Avenue North Great Falls Cascade MT
104 5100 Lebanon Avenue Philadelphia Philadelphia PA
105 8020 & 8050 Highway 72 West Madison Madison AL
106 497-501 West Main Street Stamford Fairfield CT
107 248 North MacDonald Street and 239 North Robson Street Mesa Maricopa AZ
108 5311 Ocean Boulevard Sarasota Sarasota FL
109 5800 Maudina Drive Nashville Davidson TN
110 8223 Stemmons Freeway Dallas Dallas TX
111 41690 Ford Road Canton Wayne MI
112 Main Street & Burnside Avenue East Hartford Hartford CT
113 216 Quaker Road Queensbury Warren NY
114 1560 Frazee Road San Diego San Diego CA
115 5510 Stettin Drive Wausau Marathon WI
116 214 Main Street Hackensack Bergen NJ
117 23420 Allen Road Woodhaven Wayne MI
118 398 Fairview Avenue Winder Barrow GA
119 1025 Midland Avenue Winder Barrow GA
120 5300 - 5348 Dixie Highway Waterford Township Oakland MI
121 369 Long Hill Road Groton New London CT
122 209 Mount Zoar a/k/a 400-404 South Main Street Elmira Chemung NY
123 4780 Chabot Drive Pleasanton Alameda CA
124 15401-15439 West High Street Middlefield Geauga OH
125 119 Second Street a/k/a 350 - 368 North Main Street Elmira Chemung NY
126 980-1018 Morse Road Columbus Franklin OH
127 341 Stelton Road Xenia Greene OH
128 9 Fox Run Center East Stroudsburg Monroe PA
129 3020 Colquitt Road Shreveport Caddo Parish LA
130 479 Broadway Kingston Ulster NY
131 13811 North Tatum Boulevard Phoenix Maricopa AZ
132 13914-13932 Valley Boulevard La Puente Los Angeles CA
133 1483 U.S. Route 9 Halfmoon Saratoga NY
134 1912 South 5th Street Waco McLennan TX
135 707-829 West Maple Clawson Oakland MI
136 1025 East Maple Road Birmingham Oakland MI
137 18999 Biscayne Boulevard Aventura Miami-Dade FL
138 1111 West Main Street League City Galveston TX
139 68-100 Old Riverhead Road Westhampton Beach Suffolk NY
140 1706 East Semoran Boulevard Apopka Orange FL
141
141a 800 Magee Drive Brookhaven Lincoln MS
141b 730 North Jackson Street Brookhaven Lincoln MS
142 2802 Curtice Road Northwood Wood OH
143 4525 Highway 29 South Alexandria Douglas MN
144 13701-13795 West Jewell Avenue Lakewood Jefferson CO
145 3315 East Longview Avenue Bloomington Monroe IN
146 1650 and 1660 East Cheyenne Mountain Boulevard Colorado Springs El Paso CO
147 4355 East University Drive Mesa Maricopa AZ
148 3707 West Idlewild Avenue Tampa Hillsborough FL
149 431 N.E. 19th Avenue Ruskin Hillsborough FL
150 1350 North Meridian Street Indianapolis Marion IN
151 3281 Richfield Road Flint Genesee MI
152 345 Flanders Road Flanders Suffolk NY
153 600 South Maplewood Drive Rantoul Champaign IL
154 9115 Academy Road Philadelphia Philadelphia PA
155 8200 Block East 96th Street Fishers Hamilton IN
156 3636 East Washington Street Phoenix Maricopa AZ
157 256 Parker Hill Avenue & 197 Calumet Street Roxbury Suffolk MA
158 19600-19654 West 130th Street Strongsville Cuyahoga OH
159 841-861 Russell Avenue Gaithersburg Montgomery MD
160 4422 FM-1960 Houston Harris TX
161 1121 North Coliseum Boulevard Fort Wayne Allen IN
162 2135 Payne Street Las Cruces Dona Ana NM
163 1700 Northeast 133rd Street North Miami Dade FL
164 911 Sun Prairie Drive Houston Harris TX
165 7645 South 700 East Sandy Salt Lake UT
166 4420 Hotel Circle Court San Diego San Diego CA
167 7111 Georgetown Road Indianapolis Marion IN
168 2921 Kendale Drive Dallas Dallas TX
169 2530 Community Drive Dallas Dallas TX
170 12725-12750 Monte Vista Road Poway San Diego CA
171 1-9 Flatbush Avenue Brooklyn Kings NY
172 176-182 West Chelten Avenue Philadelphia Philadelphia PA
173 One 20th Avenue Southeast Minot Ward ND
174 5817 Boca Raton Boulevard Fort Worth Tarrant TX
175 1706 and 3408 Rhawn Street, Philadelphia Philadelphia PA
417-19 Chandler Street,
304-6 Loney Street and
7312-14 Rockwell Street
176 4330 Keller Road Holt Ingham MI
177 55-65 Merrick Road Amityville Suffolk NY
178 5055 California Avenue Bakersfield Kern CA
179 1861 Dixie Highway Hamilton Butler OH
180
180a 748-768 New Britain Avenue Hartford Hartford CT
180b 90-118 Sherbrooke Avenue Hartford Hartford CT
181 3940 Arctic Boulevard Anchorage Anchorage AK
182 2717 Airport Drive Harlingen Cameron TX
183 1190 Sunset Boulevard NE Renton King WA
184 11152 East 16th Street Aurora Adams CO
185 90 Garth Road Scarsdale Westchester NY
186 1258 Sunset Boulevard Jesup Wayne GA
187 2470-2512 University Avenue West St. Paul Ramsey MN
188 136 Jersey Street Waterbury New Haven CT
189 9741 Preston Road Frisco Collin TX
190 4210 Young Street Pasadena Harris TX
191 601 West Parker Road Plano Collin TX
192 4404-4418 Walnut Street Philadelphia Philadelphia PA
193 4311 West Waters Avenue Tampa Hillsborough FL
194 1327 East 64th Street Tulsa Tulsa OK
195 1031 South Brookside Independence Jackson MO
196 410 East Hinckley Avenue Ridley Park Borough Delaware PA
197 130, 140 & 150 Southwest 8th Street Pompano Beach Broward FL
and 840 Southwest 3rd Avenue
198
198a 4015 Devereaux Street Philadelphia Philadelphia PA
198b 6919 Walker Street Philadelphia Philadelphia PA
198c 5711 Erdrick Street Philadelphia Philadelphia PA
199 1135 West Broadway Road Tempe Maricopa AZ
200 8600 State Road 84 Davie Broward FL
201 8731 North 30th Street Tampa Hillsborough FL
202 106 East Parker Street Baxley Appling GA
203 7 East Bijou Street Colorado Springs El Paso CO
204 75 and 100 Southwest 10th Street Fort Lauderdale Boward FL
and 100 Southwest 9th Street
205 1807 North Broadway Street Greensburg Decatur IN
206 4908 36th Avenue Kenosha Kenosha WI
207 1501 Northway Drive St. Cloud Stearns MN
208 17450 Meinig Avenue Sandy Clackamas OR
209 2825 North 1st Avenue Tucson Pima AZ
210 4115 East Speedway Boulevard Tucson Pima AZ
211 2565 Northwest 1st Avenue Boca Raton Palm Beach FL
212 1805 North Frances Street Terrell Kaufman TX
213 1137 North 13th Street Milwaukee Milwaukee WI
214 949-969 North 27th Street Milwaukee Milwaukee WI
215 894-896 Summit Street Round Rock Williamson TX
216 301 West Turney Avenue Phoenix Maricopa AZ
217 1735 Central Avenue Colonie Albany NY
218 2199-2207 South Lake Street Salt Lake City Salt Lake UT
219 22 Atwood Street and 185 Barker Street Hartford Hartford CT
220 162 Myrtle Avenue Stamford Fairfield CT
221 3727-3735 Summit Street and Kansas City Jackson MO
712-722 West 38th Street
222 40 Scitico Road Somers Tolland CT
223 1360 New Louden Road Latham Albany NY
224 23200 Allen Road Woodhaven Wayne MI
225 1323 North Fourth Street Toronto Jefferson OH
226 837-849 East 3rd Street Salem Columbiana OH
227 1811 St. Johns Avenue Highland Park Lake IL
228 2303-2339 Kirkwood Drive Houston Harris TX
229 1099 Lago Vista Boulevard Eastland Eastland TX
230 2405 East Park Row Drive Arlington Tarrant TX
231 4425 South 87th Street Omaha Douglas NE
232 1510 Avenue L Plano Collin TX
Total
/Weighted
Average:
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Units/
Sq. Ft./
Zip Property Mortgage Rooms/ Fee Simple/ Year Year
# Code Property Type Sub-type Loan Seller Pads Leasehold Built Renovated
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 10022 Office Column 782,921 Leasehold 1967 1996
2 91381 Retail Anchored PMCF 528,019 Fee 1998 N/A
3 19801 Office PMCF 532,974 Leasehold 1984 N/A
4 Column
4a 23223 Multifamily 1,184 Fee 1965 1998
4b 75231 Multifamily 360 Fee 1979 1999
5 95054 Office Column 214,080 Fee 1998 N/A
6 Column
6a 75231 Multifamily 1,083 Fee 1974 1999
6b 23234 Multifamily 168 Fee 1969 1999
7 84106 Retail Anchored Column 193,397 Fee 1999 N/A
8 07869 Multifamily PMCF 903 Fee 1975 1999
9 90010 Office Column 388,608 Fee 1985 N/A
10 92591 Retail Anchored PMCF 342,338 Fee 1990 N/A
11 33907 Retail Anchored KeyBank 264,399 Leasehold 1999 N/A
12 43420 Industrial KeyBank 431,852 Fee 1993 N/A
13 43420 Industrial KeyBank 407,872 Fee 1995 N/A
14 Column
14a 75238 Multifamily 288 Fee 1974 1993
14b 75238 Multifamily 206 Fee 1974 1992
15 70820 Multifamily KeyBank 196 Fee 1999 N/A
16 70820 Multifamily KeyBank 240 Fee 1975 1999
17 02114 Office PMCF 82,726 Fee 1973 1998
18 48066 Multifamily PMCF 328 Fee 1990 N/A
19 85226 Retail Shadow Anchored KeyBank 126,218 Fee 1999 N/A
20 07663 Multifamily PMCF 368 Fee 1966 N/A
21 20002 Office KeyBank 108,606 Fee 1905 1989
22 06811 Multifamily KeyBank 192 Fee 1972 1999
23 53403 Hotel Limited Service PMCF 121 Fee 1994 1997
24 56301 Hotel Full Service PMCF 103 Fee 1990 N/A
25 84106 Independent/Assisted Living Column 270 Fee/Leasehold 1986 N/A
26 01510 Industrial Column 344,000 Fee 2000 N/A
27 89123 Retail Anchored KeyBank 92,163 Fee 2000 N/A
28 32819 Hotel Full Service Column 390 Fee/Leasehold 1972 1998
29 07419 Multifamily KeyBank 240 Fee 1968 N/A
30 80918 Multifamily PMCF 220 Fee 1984 N/A
31 98134 Office KeyBank 93,119 Fee 1909 1999
32 80916 Multifamily PMCF 304 Fee 1984 N/A
33 98031 Retail Anchored PMCF 108,045 Fee 1987 2000
34 80906 Multifamily PMCF 208 Fee 1985 N/A
35 73110 Retail Anchored PMCF 99,433 Fee 1983 N/A
36 29301 Retail Anchored KeyBank 157,247 Fee 1987 2000
37 73013 Retail Anchored PMCF 97,527 Fee 1994 N/A
38 78752 Office Column 112,225 Fee 1986 1999
39 14424 Retail Anchored KeyBank 199,193 Fee 1988 N/A
40 60639 Retail Anchored PMCF 109,441 Fee 1978 1998
41 78733 Office Column 56,507 Fee 1997 N/A
42 78733 Office Column 41,112 Fee 1998 N/A
43 04102 Hotel Full Service PMCF 149 Fee 1973 1998
44 31405 Retail Anchored KeyBank 105,529 Fee 1984 1994
45 44241 Retail Anchored KeyBank 135,410 Fee 1997 N/A
46 93436 Multifamily KeyBank 204 Fee 1985 N/A
47 23462 Office Column 294,896 Fee 1978 1995
48 95825 Hotel Limited Service PMCF 126 Fee 1998 N/A
49 75063 Office KeyBank 92,630 Fee 1999 N/A
50 01867 Retail Anchored PMCF 153,935 Fee 1971 1997
51 32730 Multifamily PMCF 272 Fee 1973 1999
52 80303 Multifamily KeyBank 192 Fee 1965 1998
53 75002 Retail Anchored Column 119,000 Fee 1999 N/A
54 44632 Retail Anchored KeyBank 109,396 Fee 1988 N/A
55 64504 Industrial KeyBank 410,000 Fee 1999 N/A
56 75231 Multifamily KeyBank 386 Fee 1974 1998
57 97212 Multifamily PMCF 64 Fee 2000 N/A
58 PMCF
58a 92660 Office 25,608 Fee 1974 N/A
58b 92660 Office 19,010 Fee 1970 N/A
58c 92660 Office 6,849 Fee 1971 N/A
59 45202 Hotel Limited Service Column 153 Fee/Leasehold 1982 1994
60 98034 Retail Anchored KeyBank 60,939 Fee 1989 N/A
61 06790 Retail Anchored Column 162,343 Fee 1980 1992
62 PMCF
62a 75042 Retail Unanchored 33,740 Fee 1987 N/A
62b 75225 Retail Unanchored 13,334 Fee 1997 N/A
62c 75287 Retail Unanchored 16,499 Fee 1985 N/A
62d 75081 Retail Unanchored 12,540 Fee 1995 N/A
63 77038 Multifamily PMCF 280 Fee 1980 1998
64 75038 Mixed Use Office/Industrial KeyBank 80,500 Fee 1998 N/A
65 07470 Industrial KeyBank 117,340 Fee 1990 N/A
66 19344 Manufactured Housing PMCF 236 Fee 1973 N/A
67 07601 Office Column 87,597 Fee 1926 1985
68 38118 Multifamily Column 176 Fee 1974 1999
69 56560 Retail Anchored Column 80,707 Fee 1999 N/A
70 28078 Hotel Full Service Column 90 Fee 1998 N/A
71 77036 Multifamily Column 326 Fee 1978 1994
72 73139 Retail Anchored Column 130,072 Fee 1970 1984
73 66202 Office PMCF 64,134 Fee 1998 N/A
74 75062 Multifamily Column 168 Fee 1969 1998
75 75220 Multifamily Column 216 Fee 1972 2000
76 48047 Retail Anchored Column 84,344 Fee 1989 N/A
77 80521 Multifamily KeyBank 281 Fee 1970 1998
78 85260 Mixed Use Office/Warehouse Column 52,271 Fee 2000 N/A
79 27540 Retail Anchored Column 197,058 Fee 1971 1989
80 93720 Multifamily Column 120 Fee 1986 N/A
81 22033 Retail Shadow Anchored PMCF 22,015 Fee 1989 N/A
82 77301 Multifamily KeyBank 168 Fee 1982 1999
83 76112 Multifamily KeyBank 224 Fee 1978 N/A
84 33024 Retail Shadow Anchored PMCF 92,139 Fee 1990 N/A
85 14150 Health Care KeyBank 120 Fee 1993 N/A
86 75092 Multifamily Column 200 Fee 1979 1996
87 30338 Retail Anchored Column 51,473 Fee 1977 1998
88 60194 Mixed Use Office/Retail Column 66,526 Fee 1972 1993
89 40229 Manufactured Housing KeyBank 372 Fee 1970 N/A
90 90502 Office Column 61,400 Fee 1985 1992
91 30307 Office Column 55,146 Fee 1915 2000
92 20904 Office KeyBank 36,194 Fee 1987 N/A
93 04330 Retail Anchored PMCF 150,456 Fee 1970 1999
94 15232 Retail Unanchored KeyBank 14,853 Fee 2000 N/A
95 60452 Multifamily Column 160 Fee 1965 1999
96 30064 Retail Shadow Anchored PMCF 25,713 Fee 1999 N/A
97 46256 Office PMCF 53,600 Fee 1998 N/A
98 84070 Retail Shadow Anchored KeyBank 50,239 Leasehold 1999 N/A
99 80221 Multifamily KeyBank 116 Fee 1972 1995
100 46032 Retail Shadow Anchored KeyBank 32,600 Fee 1998 N/A
101 39056 Multifamily Column 120 Fee 1974 2000
102 94070 Industrial KeyBank 36,928 Fee 1955 N/A
103 59401 Health Care KeyBank 106 Fee 1929 1984
104 19131 Multifamily PMCF 105 Fee 1959 2000
105 35758 Retail Anchored Column 68,331 Fee 1993 N/A
106 06902 Multifamily Column 24 Fee 2000 N/A
107 85201 Multifamily Column 94 Fee 1987 N/A
108 34242 Hotel Limited Service Column 53 Fee 1948 1997
109 37209 Multifamily Column 200 Fee 1971 N/A
110 75247 Retail Unanchored KeyBank 69,917 Fee 1997 N/A
111 48187 Retail Anchored KeyBank 30,177 Fee 1999 N/A
112 06108 Retail Anchored KeyBank 19,125 Fee 1999 N/A
113 14203 Retail Anchored KeyBank 25,008 Fee 1997 N/A
114 92108 Self Storage PMCF 737 Fee 1978 N/A
115 54401 Manufactured Housing PMCF 182 Fee 1994 N/A
116 07601 Office Column 36,184 Fee 1912 1985
117 48183 Retail Anchored KeyBank 30,000 Fee 1999 N/A
118 30680 Manufactured Housing Column 109 Fee 1975 N/A
119 30680 Manufactured Housing Column 73 Fee 1988 N/A
120 48329 Retail Unanchored PMCF 42,670 Fee 1988 N/A
121 06340 Multifamily Column 96 Fee 1973 N/A
122 14904 Retail Unanchored KeyBank 10,908 Fee 1999 N/A
123 94588 Office Column 23,322 Fee 1999 N/A
124 44062 Retail Shadow Anchored PMCF 35,650 Fee 1998 N/A
125 14901 Retail Anchored KeyBank 10,908 Fee 1999 N/A
126 43229 Retail Anchored KeyBank 41,309 Fee 1966 1999
127 45385 Multifamily PMCF 88 Fee 1969 N/A
128 18301 Retail Anchored Column 55,908 Fee 1988 1995
129 71118 Multifamily PMCF 184 Fee 1973 N/A
130 12401-4629 Retail Unanchored KeyBank 10,908 Fee 1999 N/A
131 85254 Retail Unanchored KeyBank 25,500 Fee 1980 1999
132 91744 Industrial Column 57,902 Fee 1978 1988
133 12065 Retail Unanchored KeyBank 11,397 Fee 1998 N/A
134 76706 Multifamily Column 137 Fee 1976 N/A
135 48017 Multifamily KeyBank 68 Fee 1964 N/A
136 48009 Office PMCF 18,544 Fee 1968 2000
137 33180 Office PMCF 19,332 Fee 1982 N/A
138 77573 Multifamily KeyBank 80 Fee 1984 N/A
139 11978 Retail Unanchored PMCF 25,560 Fee 1990 N/A
140 32703 Office KeyBank 44,400 Fee 1986 N/A
141 Column
141a 39601 Multifamily 64 Fee 1970 1997
141b 39601 Multifamily 32 Fee 1970 1998
142 43619 Retail Unanchored KeyBank 23,500 Fee 1999 N/A
143 56308 Retail Unanchored KeyBank 23,500 Fee 1999 N/A
144 80228 Mixed Use Office/Retail Column 55,018 Fee 1985 N/A
145 47401 Multifamily KeyBank 78 Fee 1964 N/A
146 80906 Retail Shadow Anchored KeyBank 20,002 Fee 1999 N/A
147 85205 Retail Unanchored KeyBank 20,566 Fee 1988 N/A
148 33614 Multifamily Column 72 Fee 1972 1995
149 33570 Retail Anchored KeyBank 68,337 Fee 1981 1994
150 46202 Multifamily KeyBank 79 Fee 1925 1999
151 48506 Multifamily PMCF 136 Fee 1969 1999
152 11901 Self Storage KeyBank 405 Fee 1996 N/A
153 61866 Manufactured Housing Column 208 Fee 1960 1985
154 19136 Multifamily Column 80 Fee 1962 N/A
155 46038 Retail Shadow Anchored KeyBank 12,240 Fee 1999 N/A
156 85034 Self Storage PMCF 595 Fee 1974 N/A
157 02120 Multifamily Column 33 Fee 1965 1995
158 44136 Retail Anchored Column 38,525 Fee 1986 N/A
159 20879 Retail Shadow Anchored PMCF 13,692 Fee 1999 N/A
160 77068 Office Column 37,438 Fee 1982 N/A
161 46805 Self Storage KeyBank 599 Fee 1996 N/A
162 88001 Multifamily KeyBank 52 Fee 1997 N/A
163 33181 Multifamily Column 54 Fee 1968 2000
164 77090 Multifamily KeyBank 80 Fee 1984 1999
165 84047 Retail Shadow Anchored KeyBank 14,133 Fee 1998 N/A
166 92108 Office Column 29,463 Fee 1979 N/A
167 46268 Retail Unanchored KeyBank 15,600 Fee 1999 N/A
168 75220 Multifamily Column 80 Fee 1974 N/A
169 75220 Multifamily Column 50 Fee 1970 1996
170 92064 Health Care KeyBank 24 Fee 1989 N/A
171 11217 Retail Unanchored KeyBank 11,200 Fee 1920 N/A
172 19144 Retail Unanchored KeyBank 30,000 Fee 1968 2000
173 58701 Retail Anchored Column 113,550 Fee 1970 1995
174 76112 Multifamily Column 108 Fee 1974 1997
175 19136 Multifamily Column 60 Fee 1965 1985
176 48842 Multifamily KeyBank 72 Fee 1967 1999
177 11701 Retail Unanchored Column 14,319 Fee 1987 N/A
178 93309 Office Column 26,639 Fee 1982 N/A
179 45011 Self Storage KeyBank 473 Fee 1989 1996
180 Column
180a 06106 Multifamily 52 Fee 1958 1997
180b 06106 Multifamily 38 Fee 1960 1997
181 99503 Office KeyBank 25,825 Fee 1984 N/A
182 78550 Industrial PMCF 62,419 Leasehold 1999 N/A
183 98056 Retail Unanchored PMCF 13,095 Fee 1964 1999
184 80010 Multifamily KeyBank 55 Fee 1972 N/A
185 10583 Retail Unanchored KeyBank 9,400 Fee 1928 1984
186 31545 Multifamily PMCF 64 Fee 1983 N/A
187 55114 Mixed Use Retail/Office Column 65,573 Fee 1915 1992
188 06706 Multifamily Column 42 Fee 1966 2000
189 75034 Mixed Use Office/Retail Column 21,915 Fee 1983 N/A
190 77504 Multifamily Column 60 Fee 1984 N/A
191 75023 Retail Unanchored Column 17,292 Fee 1984 N/A
192 19104 Multifamily Column 52 Fee 1920 1986
193 33614 Retail Unanchored KeyBank 22,885 Fee 1987 N/A
194 74136 Multifamily Column 58 Fee 1965 1995
195 64053 Multifamily Column 48 Fee 1973 N/A
196 19078 Multifamily PMCF 35 Fee 1965 N/A
197 33060 Multifamily Column 40 Fee 1969 1999
198 Column
198a 19135 Multifamily 27 Fee 1973 1999
198b 19035 Multifamily 11 Fee 1960 1997
198c 19135 Multifamily 11 Fee 1960 1997
199 85282 Self Storage PMCF 478 Fee 1973 N/A
200 33324 Retail Unanchored Column 20,335 Fee 1983 1998
201 33604 Multifamily Column 40 Fee 1984 N/A
202 31513 Retail Anchored KeyBank 62,586 Fee 1966 N/A
203 80903 Mixed Use Retail/Office KeyBank 17,289 Fee 1900 1986
204 33301 Multifamily Column 32 Fee 1974 N/A
205 47240 Retail Shadow Anchored Column 17,600 Fee 1993 N/A
206 53140 Multifamily Column 36 Fee 1962 1998
207 56303 Retail Unanchored PMCF 17,052 Fee 1983 N/A
208 97055 Retail Unanchored KeyBank 19,900 Fee 1965 2000
209 85719 Self Storage PMCF 503 Fee 1974 N/A
210 85712 Self Storage PMCF 463 Fee 1977 N/A
211 33431 Industrial Column 16,030 Fee 1974 2000
212 75160 Multifamily Column 32 Fee 1983 1997
213 53208 Multifamily KeyBank 27 Fee 1927 2000
214 53208 Multifamily KeyBank 15 Fee 1920 N/A
215 78664 Office KeyBank 14,753 Fee 1985 N/A
216 85013 Multifamily Column 32 Fee 1950 1990
217 12205 Office KeyBank 11,824 Fee 1987 N/A
218 84106 Multifamily Column 22 Fee 1972 1987
219 06105 Multifamily Column 35 Fee 1959 1999
220 06902 Multifamily Column 8 Fee 1920 1989
221 64111 Multifamily Column 36 Fee 1920 1998
222 06071 Industrial Column 48,000 Fee 1974 1997
223 12110 Manufactured Housing KeyBank 39 Fee 1957 N/A
224 48183 Land KeyBank 5,000 Fee 1999 N/A
225 43964 Multifamily KeyBank 15 Fee 1976 N/A
226 44460 Multifamily KeyBank 12 Fee 1970 N/A
227 60035 Mixed Use Office/Retail Column 8,275 Fee 1910 1996
228 77077 Retail Unanchored Column 13,059 Fee 1980 1997
229 76448 Multifamily Column 40 Fee 1985 N/A
230 76010 Multifamily Column 40 Fee 1966 N/A
231 68127 Mixed Use Office/Industrial KeyBank 20,000 Fee 1969 N/A
232 75074 Multifamily KeyBank 12 Fee 1967 N/A
Total
/Weighted ----------------
Average: 1981 1997
================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Maturity/
Occupancy Date of Cut-off ARD Engineering
Rate at Occupancy Appraised Date LTV Date LTV U/W U/W U/W Reserve at
# U/W (3) Rate Value Ratio (4) Ratio (4) (5) NOI NCF (6) DSCR (7) Origination
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 99% 07/01/2000 $ 198,000,000 44.1% 40.1% $15,593,901 $ 14,279,554 1.75x $49,783
2 99% 07/01/2000 71,000,000 72.9% 55.8% 5,670,040 5,447,558 1.26 N/A
3 100% 07/01/2000 125,000,000 40.7% 0.0% 11,284,500 11,284,500 2.41 N/A
4 51,100,000 77.3% 70.4% 4,915,191 4,529,191 1.22 $302,563
4a 95% 05/24/2000 38,500,000 3,743,078 3,447,078
4b 94% 08/25/2000 12,600,000 1,172,113 1,082,113
5 100% 06/07/2000 63,500,000 58.2% 52.8% 4,656,658 4,613,844 1.35 N/A
6 39,200,000 77.3% 70.3% 3,738,342 3,425,592 1.21 $135,688
6a 96% 05/24/2000 35,000,000 3,331,066 3,060,316
6b 95% 07/18/2000 4,200,000 407,276 365,276
7 97% 08/01/2000 36,000,000 78.9% 70.8% 3,265,478 3,110,655 1.23 N/A
8 100% 05/17/2000 58,500,000 47.6% 39.5% 4,536,398 4,242,923 1.63 N/A
9 94% 08/01/2000 36,400,000 75.4% 68.8% 4,036,626 3,495,697 1.34 N/A
10 94% 08/08/2000 34,750,000 73.3% 65.6% 3,051,642 2,842,851 1.31 N/A
11 96% 09/15/2000 32,500,000 77.9% 70.4% 3,022,063 2,867,711 1.25 N/A
12 100% 06/30/2000 11,900,000 77.0% 69.4% 1,142,548 1,053,909 1.25 $17,750
13 100% 06/30/2000 11,300,000 77.0% 69.4% 1,037,473 957,603 1.25 $10,000
14 22,300,000 76.7% 69.6% 2,127,883 2,004,383 1.25 $67,250
14a 94% 09/18/2000 14,100,000 1,333,593 1,261,593
14b 96% 06/25/2000 8,200,000 794,290 742,790
15 90% 06/19/2000 18,300,000 80.0% 74.1% 1,651,845 1,588,894 1.21 N/A
16 99% 08/31/2000 20,050,000 71.7% 66.9% 1,655,685 1,612,965 1.20 $4,563
17 96% 04/01/2000 18,700,000 76.9% 70.0% 1,619,481 1,575,803 1.17 $151,788
18 99% 06/16/2000 18,500,000 75.5% 67.7% 1,590,710 1,508,710 1.22 N/A
19 96% 07/01/2000 18,000,000 77.6% 69.9% 1,711,547 1,617,497 1.26 N/A
20 100% 05/17/2000 26,000,000 49.8% 41.2% 2,149,505 2,029,905 1.68 $15,063
21 100% 07/01/2000 20,400,000 61.4% 51.3% 1,716,455 1,539,227 1.29 $42,469
22 95% 06/30/2000 15,600,000 79.2% 71.7% 1,389,391 1,341,391 1.19 $21,562
23 N/A N/A 10,600,000 64.7% 54.5% 1,071,022 952,380 1.40 N/A
24 N/A N/A 8,300,000 64.7% 54.5% 884,474 737,244 1.40 N/A
25 96% 05/31/2000 16,250,000 74.8% 63.4% 1,812,162 1,744,662 1.43 $6,250
26 100% 06/26/2000 15,500,000 74.9% 68.1% 1,487,846 1,350,470 1.24 N/A
27 96% 08/01/2000 14,750,000 78.6% 70.6% 1,397,768 1,362,485 1.31 N/A
28 N/A N/A 28,300,000 40.8% 37.7% 2,559,060 2,085,139 1.89 N/A
29 99% 08/03/2000 15,000,000 76.6% 71.9% 1,326,267 1,266,267 1.23 N/A
30 98% 06/22/2000 13,750,000 76.3% 68.5% 1,250,942 1,184,722 1.26 $265,937
31 100% 06/08/2000 15,300,000 68.5% 62.4% 1,392,571 1,228,385 1.25 N/A
32 97% 06/22/2000 13,250,000 78.8% 70.8% 1,231,959 1,165,991 1.25 $201,500
33 99% 05/31/2000 14,600,000 70.5% 62.5% 1,296,820 1,196,488 1.26 N/A
34 97% 07/05/2000 13,150,000 77.7% 69.8% 1,194,152 1,135,288 1.24 $320,000
35 100% 06/28/2000 12,700,000 78.6% 70.5% 1,254,631 1,219,895 1.38 N/A
36 89% 06/30/2000 13,200,000 74.9% 67.7% 1,163,078 1,086,335 1.20 N/A
37 100% 03/14/2000 12,500,000 78.2% 70.3% 1,212,581 1,197,952 1.37 N/A
38 100% 05/01/2000 12,300,000 79.2% 72.7% 1,328,842 1,193,506 1.26 $29,763
39 99% 06/01/2000 13,000,000 74.2% 67.5% 1,233,676 1,120,864 1.25 N/A
40 100% 06/09/2000 12,200,000 78.0% 70.2% 1,189,435 1,162,075 1.36 N/A
41 100% 06/01/2000 7,450,000 73.3% 66.2% 700,511 625,329 1.23 N/A
42 100% 05/31/2000 5,300,000 73.3% 66.2% 469,011 423,060 1.23 N/A
43 N/A N/A 13,200,000 69.3% 56.9% 1,432,091 1,244,073 1.41 N/A
44 100% 07/31/2000 11,400,000 79.8% 72.8% 1,054,305 1,000,456 1.23 N/A
45 93% 06/30/2000 11,500,000 77.0% 68.5% 1,034,530 977,569 1.22 $143,540
46 97% 07/27/2000 11,000,000 79.9% 71.6% 1,005,465 941,817 1.21 $12,500
47 98% 04/01/2000 18,500,000 45.5% 42.7% 1,805,376 1,442,607 1.91 N/A
48 N/A N/A 11,900,000 70.6% 59.6% 1,297,510 1,182,528 1.42 N/A
49 93% 06/30/2000 11,000,000 73.3% 66.6% 1,022,413 926,832 1.24 N/A
50 100% 02/29/2000 9,435,000 78.2% 70.4% 845,329 815,690 1.23 $5,000
51 95% 04/10/2000 9,300,000 78.5% 71.7% 883,010 815,010 1.20 $6,500
52 96% 06/30/2000 8,700,000 80.0% 74.1% 790,399 756,799 1.21 $1,475
53 100% 08/09/2000 9,650,000 69.9% 63.1% 860,941 843,023 1.37 N/A
54 87% 06/20/2000 9,200,000 70.4% 58.8% 796,259 750,606 1.21 N/A
55 100% 04/30/2000 8,650,000 74.6% 62.3% 846,501 786,062 1.28 N/A
56 97% 07/31/2000 9,650,000 66.8% 57.5% 846,807 703,215 1.24 $150,000
57 100% 08/21/2000 8,800,000 71.0% 61.3% 731,329 703,763 1.21 N/A
58 9,090,000 65.9% 59.6% 829,295 736,197 1.34 $76,762
58a 100% 06/09/2000 4,270,000 423,030 381,388
58b 88% 08/21/2000 3,520,000 328,440 292,908
58c 100% 09/10/2000 1,300,000 77,825 61,901
59 N/A N/A 10,100,000 56.8% 48.6% 1,052,305 868,085 1.47 $2,250
60 100% 06/13/2000 8,950,000 63.6% 57.6% 765,037 724,727 1.38 N/A
61 97% 07/01/2000 7,200,000 78.9% 71.2% 695,695 644,288 1.25 $11,875
62 9,550,000 59.0% 52.8% 820,931 741,124 1.50 $1,150
62a 89% 08/02/2000 3,550,000 306,668 270,071
62b 100% 08/02/2000 2,150,000 181,538 167,232
62c 88% 08/02/2000 2,000,000 169,851 154,766
62d 100% 08/02/2000 1,850,000 162,874 149,055
63 96% 08/25/2000 7,000,000 79.9% 69.2% 694,215 624,215 1.23 $23,463
64 100% 06/30/2000 8,100,000 68.9% 62.6% 747,075 675,179 1.30 N/A
65 100% 07/03/2000 7,400,000 74.9% 67.3% 659,689 622,906 1.26 N/A
66 95% 05/31/2000 7,200,000 76.4% 70.2% 629,446 607,734 1.20 $30,250
67 100% 01/01/2000 7,500,000 73.2% 66.1% 724,110 688,050 1.37 $1,813
68 92% 09/25/2000 6,700,000 78.0% 70.6% 689,139 645,139 1.35 $85,394
69 94% 09/01/2000 6,900,000 75.2% 67.8% 617,675 588,545 1.25 N/A
70 N/A N/A 7,100,000 72.5% 61.2% 811,949 726,389 1.42 N/A
71 99% 05/12/2000 6,750,000 75.8% 68.4% 659,184 577,684 1.24 $112,375
72 98% 05/01/2000 7,000,000 71.6% 65.7% 647,434 584,694 1.20 $7,938
73 100% 03/31/2000 9,100,000 54.8% 49.7% 725,205 608,749 1.33 N/A
74 91% 08/31/2000 6,250,000 79.5% 72.3% 694,424 652,424 1.42 N/A
75 97% 07/25/2000 6,500,000 75.6% 69.3% 700,778 646,778 1.36 $291,250
76 97% 08/30/2000 7,150,000 68.7% 62.6% 656,145 588,248 1.27 $12,875
77 76% 06/25/2000 9,800,000 45.9% 37.9% 825,391 755,141 1.89 N/A
78 100% 04/24/2000 6,050,000 74.3% 67.1% 548,490 514,660 1.25 N/A
79 99% 04/01/2000 6,700,000 67.0% 60.5% 688,007 559,121 1.37 $146,875
80 100% 03/08/2000 6,000,000 69.9% 63.2% 489,210 459,090 1.20 $4,375
81 100% 07/31/2000 6,000,000 69.8% 63.0% 512,209 485,223 1.28 N/A
82 98% 06/25/2000 5,200,000 79.7% 71.8% 491,652 453,852 1.21 N/A
83 92% 06/30/2000 5,150,000 79.7% 71.5% 520,920 459,672 1.27 $300,000
84 99% 05/09/2000 7,000,000 58.4% 52.8% 652,328 578,116 1.55 N/A
85 96% 07/31/2000 5,430,000 74.8% 62.6% 655,483 607,483 1.55 N/A
86 96% 06/24/2000 5,160,000 77.4% 70.1% 530,156 480,156 1.30 N/A
87 85% 04/01/2000 5,000,000 79.9% 72.9% 500,185 464,523 1.22 $4,500
88 90% 09/01/1999 6,200,000 62.8% 57.8% 528,245 462,245 1.26 $144,188
89 97% 06/13/2000 5,100,000 74.8% 62.0% 544,659 526,059 1.47 N/A
90 97% 05/15/2000 5,600,000 67.8% 61.9% 513,802 436,457 1.21 N/A
91 95% 04/01/2000 6,000,000 63.3% 57.9% 574,126 509,901 1.39 N/A
92 93% 06/30/2000 5,450,000 69.6% 63.4% 534,363 472,973 1.32 N/A
93 99% 06/01/2000 5,700,000 66.1% 59.7% 560,475 475,644 1.40 $1,563
94 100% 08/16/2000 4,775,000 77.4% 70.4% 417,542 415,650 1.20 N/A
95 100% 03/01/2000 4,700,000 78.5% 70.9% 460,794 420,794 1.26 $19,713
96 100% 02/21/2000 4,885,000 74.3% 62.3% 442,383 437,167 1.25 N/A
97 92% 07/14/2000 4,700,000 74.4% 67.6% 467,163 393,245 1.20 $1,000
98 100% 06/30/2000 5,400,000 63.9% 58.2% 418,960 392,074 1.21 N/A
99 100% 06/30/2000 4,700,000 73.3% 62.1% 419,622 388,882 1.21 N/A
100 100% 06/30/2000 4,500,000 72.8% 64.7% 429,292 396,223 1.25 N/A
101 100% 09/30/2000 4,500,000 71.1% 63.8% 391,530 361,530 1.27 $4,500
102 100% 08/01/2000 4,650,000 68.7% 57.6% 490,964 462,740 1.49 N/A
103 83% 07/24/2000 4,650,000 68.2% 57.6% 477,660 451,160 1.54 N/A
104 96% 04/18/2000 3,960,000 79.3% 71.0% 382,896 351,396 1.28 $6,250
105 100% 08/31/1999 5,650,000 55.3% 31.3% 397,000 379,847 1.22 N/A
106 100% 07/01/2000 3,900,000 80.0% 71.5% 366,562 360,562 1.31 N/A
107 96% 06/01/2000 4,175,000 74.5% 67.5% 370,014 346,514 1.20 N/A
108 N/A N/A 5,900,000 52.7% 44.3% 468,728 405,940 1.41 N/A
109 94% 07/01/2000 4,000,000 77.5% 69.6% 392,244 342,244 1.23 N/A
110 100% 06/30/2000 5,100,000 57.0% 35.1% 416,761 385,531 1.25 N/A
111 100% 07/01/2000 3,600,000 80.8% 73.0% 312,067 307,540 1.16 N/A
112 100% 06/01/2000 3,600,000 79.2% 71.4% 333,453 326,348 1.19 N/A
113 100% 06/01/2000 3,650,000 78.1% 70.5% 322,452 310,273 1.20 N/A
114 99% 06/07/2000 5,200,000 53.7% 45.3% 456,852 442,875 1.60 $57,138
115 97% 06/26/2000 3,700,000 74.5% 68.3% 312,765 303,665 1.20 $16,812
116 100% 01/01/2000 3,650,000 74.5% 67.3% 347,846 338,800 1.37 N/A
117 100% 08/01/2000 3,600,000 74.9% 67.6% 309,003 305,991 1.25 N/A
118 100% 04/15/2000 1,950,000 79.3% 72.0% 198,534 193,020 1.33 $23,373
119 100% 07/27/2000 1,420,000 79.3% 72.0% 141,723 138,073 1.33 $5,571
120 97% 04/30/2000 4,300,000 61.8% 44.4% 407,197 358,585 1.30 $13,175
121 93% 05/03/2000 3,400,000 76.7% 69.2% 320,415 296,665 1.25 $31,063
122 100% 05/31/2000 3,190,000 79.8% 72.1% 280,667 279,031 1.20 N/A
123 100% 05/01/2000 4,800,000 53.0% 47.7% 402,473 342,534 1.50 N/A
124 96% 04/07/2000 3,385,000 75.1% 68.2% 309,668 296,757 1.26 N/A
125 100% 05/31/2000 3,140,000 79.8% 72.1% 276,307 274,671 1.20 N/A
126 100% 07/21/2000 3,400,000 72.5% 65.4% 298,850 268,215 1.20 N/A
127 98% 06/21/2000 3,100,000 79.0% 71.1% 310,140 279,516 1.26 $875
128 100% 05/31/2000 3,570,000 68.2% 62.6% 350,861 297,913 1.26 N/A
129 94% 07/10/2000 3,550,000 67.5% 3.3% 426,407 371,207 1.49 $41,094
130 100% 07/19/2000 3,100,000 77.3% 70.1% 267,993 266,902 1.20 $3,125
131 100% 08/17/2000 3,700,000 62.4% 52.4% 359,613 337,902 1.49 N/A
132 92% 08/24/2000 3,250,000 70.5% 64.0% 300,330 264,011 1.25 $17,750
133 100% 06/30/2000 2,915,000 77.7% 70.6% 254,549 252,913 1.20 N/A
134 95% 06/01/2000 3,625,000 62.4% 55.8% 389,309 341,359 1.72 $15,880
135 96% 07/31/2000 2,960,000 75.6% 62.2% 277,462 257,062 1.26 N/A
136 100% 08/07/2000 3,150,000 68.8% 31.8% 298,931 269,058 1.25 N/A
137 100% 05/04/2000 3,160,000 68.0% 62.4% 263,777 242,975 1.22 N/A
138 98% 07/31/2000 2,750,000 77.9% 70.2% 260,547 240,547 1.24 N/A
139 100% 04/01/2000 3,800,000 56.3% 47.3% 356,920 320,729 1.55 $2,250
140 89% 06/27/2000 2,915,000 73.4% 58.7% 337,862 267,789 1.26 N/A
141 2,850,000 73.7% 66.1% 294,766 270,766 1.44 N/A
141a 97% 07/31/2000 2,100,000 211,389 195,389
141b 100% 08/31/2000 750,000 83,377 75,377
142 100% 06/30/2000 2,700,000 73.4% 53.0% 258,627 255,102 1.25 N/A
143 100% 06/30/2000 3,070,000 64.2% 47.4% 261,439 257,914 1.20 N/A
144 94% 02/01/2000 3,400,000 57.7% 52.3% 292,679 233,426 1.29 $8,375
145 94% 09/06/2000 2,440,000 79.6% 72.1% 246,503 227,003 1.28 $1,875
146 100% 06/25/2000 2,700,000 71.2% 60.0% 250,458 233,406 1.26 $2,500
147 86% 06/30/2000 2,575,000 74.5% 68.4% 259,298 241,731 1.29 N/A
148 99% 07/19/2000 2,400,000 79.9% 72.5% 254,648 236,648 1.33 $625
149 100% 06/30/2000 3,240,000 58.8% 50.8% 280,407 245,058 1.22 $14,000
150 96% 06/30/2000 2,400,000 78.3% 65.5% 248,341 232,541 1.28 N/A
151 96% 07/30/2000 2,560,000 71.6% 64.7% 251,310 216,766 1.32 N/A
152 92% 07/17/2000 2,450,000 74.8% 62.7% 259,734 253,659 1.43 N/A
153 88% 06/30/2000 2,450,000 74.6% 67.4% 218,177 207,777 1.25 N/A
154 100% 05/22/2000 2,350,000 77.6% 70.5% 252,489 232,489 1.36 $13,375
155 100% 06/30/2000 2,500,000 72.2% 63.5% 237,451 222,574 1.32 N/A
156 77% 06/07/2000 2,500,000 72.2% 61.3% 249,980 239,266 1.31 $39,544
157 94% 05/17/2000 2,540,000 70.8% 64.2% 210,465 200,570 1.20 $24,125
158 100% 01/01/2000 3,000,000 59.9% 54.3% 240,136 208,189 1.25 $6,250
159 100% 05/31/2000 3,000,000 59.8% 53.8% 282,614 273,760 1.71 N/A
160 98% 03/15/2000 2,300,000 77.7% 71.0% 233,454 209,133 1.22 N/A
161 99% 06/30/2000 2,755,000 64.2% 45.3% 281,257 251,307 1.35 N/A
162 100% 08/17/2000 2,150,000 79.8% 72.6% 236,482 223,482 1.39 N/A
163 98% 05/01/2000 2,140,000 79.3% 72.3% 207,452 193,952 1.21 $176,643
164 95% 06/30/2000 2,350,000 72.1% 65.1% 228,780 205,130 1.33 N/A
165 100% 08/08/2000 2,500,000 66.1% 60.4% 220,156 209,252 1.34 N/A
166 97% 04/18/2000 2,700,000 59.7% 54.4% 256,037 219,208 1.44 N/A
167 100% 06/30/2000 2,300,000 69.0% 60.8% 204,153 188,447 1.26 N/A
168 100% 05/31/2000 1,575,000 65.6% 55.1% 155,252 135,252 1.33 $108,850
169 92% 05/31/2000 800,000 65.6% 55.1% 79,528 67,028 1.33 $13,038
170 100% 06/30/2000 2,335,000 66.5% 55.2% 205,127 199,127 1.31 N/A
171 89% 05/31/2000 3,732,000 40.1% 33.5% 412,760 398,470 2.77 $6,563
172 100% 07/14/2000 2,000,000 74.0% 62.4% 198,618 181,910 1.25 N/A
173 97% 01/01/1999 3,340,000 44.2% 37.3% 202,439 179,197 1.26 $13,750
174 90% 05/31/2000 2,250,000 65.7% 60.0% 203,517 176,517 1.25 $5,250
175 98% 05/02/2000 2,000,000 72.4% 65.8% 177,037 162,037 1.20 N/A
176 96% 05/31/2000 1,950,000 73.1% 60.9% 189,693 170,829 1.26 N/A
177 94% 01/24/2000 1,900,000 73.6% 68.0% 192,167 175,413 1.25 N/A
178 94% 03/23/2000 1,900,000 73.5% 67.1% 204,659 173,185 1.31 N/A
179 91% 08/02/2000 2,000,000 69.6% 58.4% 188,496 178,554 1.33 $16,250
180 2,050,000 67.6% 58.1% 205,955 183,455 1.29 $15,909
180a 92% 06/30/2000 1,150,000 108,959 95,959
180b 97% 06/30/2000 900,000 96,996 87,496
181 89% 09/01/2000 2,075,000 66.8% 57.0% 196,722 167,881 1.20 N/A
182 100% 08/31/2000 1,900,000 72.0% 64.7% 171,501 156,524 1.28 N/A
183 100% 08/23/2000 2,200,000 61.7% 52.5% 187,849 178,570 1.30 N/A
184 98% 08/24/2000 1,850,000 73.4% 61.0% 192,198 178,448 1.38 N/A
185 100% 06/30/2000 1,700,000 78.7% 74.3% 154,350 153,390 1.23 $625
186 95% 08/01/2000 1,850,000 67.7% 61.1% 165,805 148,205 1.31 N/A
187 93% 07/17/2000 1,800,000 69.4% 63.0% 200,252 156,874 1.34 N/A
188 98% 07/01/2000 1,550,000 79.9% 72.0% 155,594 143,319 1.28 $82,875
189 97% 07/01/2000 1,900,000 63.1% 57.5% 165,371 142,907 1.25 $2,188
190 100% 03/01/2000 1,600,000 74.5% 68.5% 165,059 150,059 1.28 $15,281
191 91% 01/01/2000 1,560,000 74.9% 69.0% 158,213 144,379 1.25 N/A
192 100% 09/01/1999 1,550,000 74.1% 67.8% 184,968 169,368 1.53 $23,750
193 92% 06/30/2000 1,570,000 72.7% 62.3% 170,607 149,398 1.27 N/A
194 95% 04/30/2000 1,460,000 76.0% 69.0% 139,427 124,927 1.21 $6,888
195 100% 07/01/2000 1,450,000 75.8% 68.5% 138,945 126,945 1.26 $8,000
196 100% 08/10/2000 1,500,000 73.3% 65.6% 143,730 133,230 1.37 N/A
197 98% 03/01/2000 1,435,000 73.1% 66.5% 130,560 120,560 1.22 N/A
198 1,350,000 77.5% 71.3% 147,788 133,485 1.30 N/A
198a 100% 11/01/1999 685,000 78,409 71,659
198b 100% 11/01/1999 350,000 34,967 31,198
198c 91% 11/01/1999 315,000 34,412 30,628
199 78% 06/07/2000 2,025,000 51.5% 43.4% 173,176 164,975 1.60 $54,294
200 100% 05/11/2000 1,500,000 68.1% 61.9% 142,087 123,427 1.29 $3,500
201 100% 04/06/2000 1,275,000 79.9% 72.5% 140,987 128,837 1.36 $31,250
202 100% 06/30/2000 2,200,000 45.3% 38.2% 186,204 144,182 1.46 $5,888
203 100% 04/26/2000 1,325,000 74.3% 62.6% 140,484 120,463 1.25 N/A
204 100% 06/06/2000 1,185,000 79.9% 72.4% 118,506 107,287 1.22 $41,738
205 100% 06/01/2000 1,300,000 71.1% 64.7% 126,095 109,375 1.25 $1,000
206 100% 02/07/2000 1,150,000 79.9% 72.9% 119,414 110,414 1.26 $5,938
207 100% 06/30/2000 1,420,000 61.6% 55.9% 124,587 108,963 1.33 $36,300
208 100% 08/31/2000 1,400,000 62.1% 52.6% 127,884 110,179 1.27 $250
209 99% 06/07/2000 1,425,000 59.9% 50.5% 147,029 136,701 1.62 N/A
210 91% 06/07/2000 1,450,000 56.4% 47.6% 140,803 132,177 1.64 N/A
211 100% 07/31/2000 1,045,000 75.0% 63.4% 105,708 98,573 1.26 $3,775
212 97% 05/08/2000 915,000 79.9% 73.6% 96,654 88,654 1.22 N/A
213 100% 06/24/2000 460,000 77.6% 65.4% 64,196 57,446 1.43 N/A
214 100% 06/30/2000 440,000 77.6% 65.4% 47,393 40,718 1.43 $1,265
215 100% 07/31/2000 1,000,000 65.8% 55.9% 111,529 95,289 1.46 N/A
216 100% 03/13/2000 857,000 75.7% 69.3% 83,757 75,757 1.21 $8,200
217 88% 08/08/2000 900,000 68.7% 60.5% 93,047 75,753 1.26 N/A
218 100% 07/01/2000 835,000 73.0% 66.8% 82,090 76,590 1.30 N/A
219 100% 08/10/2000 850,000 70.5% 63.8% 95,291 86,541 1.57 $313
220 100% 01/20/2000 760,000 78.8% 71.8% 74,516 71,401 1.26 $12,681
221 97% 02/29/2000 900,000 66.6% 60.1% 92,916 83,916 1.54 $24,375
222 100% 04/05/2000 815,000 72.9% 61.6% 101,319 82,065 1.39 N/A
223 100% 06/01/2000 800,000 71.5% 60.5% 75,208 72,205 1.27 N/A
224 100% 08/01/2000 840,000 66.0% 56.0% 73,720 73,720 1.32 N/A
225 100% 03/31/2000 405,000 69.0% 57.9% 41,651 37,901 1.31 N/A
226 92% 06/30/2000 355,000 69.0% 57.9% 31,821 28,821 1.31 N/A
227 100% 06/30/2000 750,000 69.3% 62.8% 71,752 61,822 1.28 $11,625
228 91% 04/01/2000 750,000 67.9% 62.8% 72,421 63,903 1.25 N/A
229 88% 06/01/2000 780,000 64.0% 58.3% 68,621 58,621 1.24 $1,250
230 100% 04/01/2000 650,000 76.8% 70.6% 72,255 62,255 1.27 $29,375
231 100% 05/01/2000 540,000 74.8% 64.5% 67,905 56,737 1.33 $625
232 92% 08/10/2000 500,000 66.1% 55.6% 54,263 51,263 1.59 N/A
Total
/Weighted ---------- --------------------------------------------------------------------------
Average: 97% $ 1,967,294,000 68.5% 59.2% $178,220,720 $165,279,776
========== ==========================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Contractual U/W
Recurring Contractual Recurring Percentage of
Replacement Recurring Replacement U/W Original Cut-off Initial Maturity
# Reserve LC&TI Reserve LC&TI Balance Balance (8) Pool Balance Balance
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 $187,271 $333,679 $187,271 $1,127,076 $ 87,500,000 $ 87,301,843 6.8% $ 79,388,956
2 N/A N/A $72,452 $150,030 51,980,517 51,787,099 4.0% 39,623,638
3 N/A N/A N/A N/A 51,010,324 50,909,381 3.9% --
4 $386,000 N/A $386,000 N/A 39,619,141 39,491,001 3.1% 35,956,346
4a
4b
5 N/A N/A $42,814 N/A 37,000,000 36,936,969 2.9% 33,515,681
6 $312,750 N/A $312,750 N/A 30,380,859 30,282,599 2.3% 27,572,145
6a
6b
7 N/A $24,000 $29,010 $125,813 28,400,000 28,387,855 2.2% 25,471,681
8 N/A N/A $293,475 N/A 28,000,000 27,870,175 2.2% 23,089,618
9 N/A $240,000 $58,557 $482,372 27,500,000 27,441,129 2.1% 25,050,268
10 $30,000 N/A $52,476 $156,315 25,762,500 25,476,217 2.0% 22,806,772
11 $39,127 N/A $39,127 $115,225 25,400,000 25,325,706 2.0% 22,872,878
12 N/A N/A $43,185 $45,454 9,350,000 9,332,630 0.7% 8,419,389
13 N/A N/A $40,787 $39,083 8,550,000 8,533,752 0.7% 7,686,467
14 $123,500 N/A $123,500 N/A 17,100,000 17,094,039 1.3% 15,516,706
14a
14b
15 $49,000 N/A $62,951 N/A 14,640,000 14,640,000 1.1% 13,554,570
16 $60,000 N/A $42,720 N/A 14,385,000 14,385,000 1.1% 13,422,487
17 $16,632 N/A $16,633 $27,045 14,500,000 14,383,000 1.1% 13,085,427
18 N/A N/A $82,000 N/A 14,000,000 13,971,656 1.1% 12,526,842
19 $18,933 N/A $18,933 $75,117 14,000,000 13,960,297 1.1% 12,587,094
20 N/A N/A $119,600 N/A 13,000,000 12,939,724 1.0% 10,720,179
21 N/A N/A $27,586 $149,642 12,600,000 12,534,362 1.0% 10,466,904
22 $47,808 N/A $48,000 N/A 12,400,000 12,356,185 1.0% 11,177,416
23 4.0% N/A 5.0% N/A 6,900,000 6,888,821 0.5% 5,806,843
24 4.0% N/A 5.0% N/A 5,350,000 5,341,332 0.4% 4,502,407
25 N/A N/A $67,500 N/A 12,187,500 12,151,936 0.9% 10,300,820
26 N/A $51,600 $51,600 $85,776 11,625,000 11,609,943 0.9% 10,549,209
27 $2,778 N/A $13,816 $21,467 11,600,000 11,587,542 0.9% 10,412,115
28 4.0% N/A 5.0% N/A 12,000,000 11,555,033 0.9% 10,663,115
29 $60,000 N/A $60,000 N/A 11,500,000 11,487,650 0.9% 10,780,960
30 $62,040 N/A $66,220 N/A 10,500,000 10,488,631 0.8% 9,418,150
31 $3,336 $77,040 $18,624 $145,562 10,500,000 10,482,959 0.8% 9,541,045
32 $65,968 N/A $65,968 N/A 10,453,000 10,437,167 0.8% 9,377,841
33 $16,212 N/A $16,207 $84,125 10,300,000 10,287,425 0.8% 9,122,547
34 $58,864 N/A $58,864 N/A 10,237,000 10,221,494 0.8% 9,184,058
35 N/A N/A $34,736 N/A 10,000,000 9,984,394 0.8% 8,950,293
36 N/A N/A $15,764 $60,979 9,900,000 9,882,379 0.8% 8,941,299
37 N/A N/A $14,629 N/A 9,790,000 9,770,974 0.8% 8,786,821
38 $24,457 $232,345 $24,457 $110,879 9,750,000 9,736,383 0.8% 8,938,892
39 $33,863 $31,200 $33,863 $78,949 9,676,000 9,644,137 0.7% 8,769,678
40 N/A N/A $27,360 N/A 9,540,000 9,521,460 0.7% 8,562,438
41 N/A N/A $11,301 $63,881 5,550,000 5,547,872 0.4% 5,010,097
42 N/A N/A $8,222 $37,729 3,800,000 3,798,543 0.3% 3,430,336
43 3.0% N/A 4.0% N/A 9,200,000 9,154,171 0.7% 7,507,573
44 $16,713 N/A $16,713 $47,277 9,100,000 9,100,000 0.7% 8,303,767
45 N/A N/A $13,541 $43,420 8,951,000 8,856,454 0.7% 7,873,166
46 $63,654 N/A $63,648 N/A 8,800,000 8,790,158 0.7% 7,871,013
47 $240,000 N/A $67,692 $295,077 8,600,000 8,409,024 0.7% 7,892,871
48 4.5% N/A 5.0% N/A 8,415,000 8,401,451 0.7% 7,087,563
49 N/A $18,000 $13,895 $81,686 8,083,000 8,061,206 0.6% 7,322,176
50 $23,136 $26,400 $23,138 $6,501 7,400,000 7,380,723 0.6% 6,642,275
51 $68,000 N/A $68,000 N/A 7,300,000 7,300,000 0.6% 6,664,532
52 $48,000 N/A $33,600 N/A 6,960,000 6,960,000 0.5% 6,443,975
53 N/A N/A $17,918 N/A 6,750,000 6,743,159 0.5% 6,088,222
54 N/A N/A $16,409 $29,244 6,500,000 6,478,527 0.5% 5,412,991
55 N/A N/A $26,600 $33,839 6,485,000 6,451,145 0.5% 5,385,613
56 $108,080 N/A $143,592 N/A 6,450,000 6,447,095 0.5% 5,550,123
57 $22,748 N/A $18,073 $9,493 6,260,000 6,250,949 0.5% 5,398,230
58 $12,867 $36,000 $12,867 $80,231 6,000,000 5,991,636 0.5% 5,416,598
58a
58b
58c
59 5.0% N/A 5.0% N/A 5,750,000 5,734,657 0.4% 4,907,712
60 $9,141 N/A $9,141 $31,169 5,700,000 5,692,227 0.4% 5,153,962
61 N/A N/A $24,351 $27,056 5,700,000 5,679,332 0.4% 5,127,329
62 $12,456 N/A $12,455 $67,352 5,640,000 5,633,625 0.4% 5,039,811
62a
62b
62c
62d
63 $69,996 N/A $70,000 N/A 5,600,000 5,591,998 0.4% 4,845,977
64 N/A N/A $12,075 $59,821 5,600,000 5,584,901 0.4% 5,072,893
65 $11,734 N/A $11,734 $25,049 5,550,000 5,541,644 0.4% 4,981,481
66 N/A N/A $21,712 N/A 5,500,000 5,500,000 0.4% 5,052,749
67 N/A N/A $36,060 N/A 5,500,000 5,486,446 0.4% 4,958,635
68 $44,000 N/A $44,000 N/A 5,238,272 5,223,417 0.4% 4,727,983
69 N/A $5,200 $12,106 $17,024 5,200,000 5,186,918 0.4% 4,680,604
70 4.0% N/A 4.0% N/A 5,150,000 5,146,556 0.4% 4,345,484
71 $81,500 N/A $81,500 N/A 5,125,000 5,117,675 0.4% 4,618,204
72 N/A $52,176 $19,511 $43,229 5,025,000 5,015,079 0.4% 4,602,169
73 N/A $74,988 $12,827 $103,629 5,000,000 4,988,040 0.4% 4,518,161
74 $42,000 N/A $42,000 N/A 5,000,000 4,966,737 0.4% 4,516,962
75 $54,000 N/A $54,000 N/A 4,925,000 4,915,179 0.4% 4,507,692
76 N/A N/A $12,610 $55,287 4,920,000 4,909,199 0.4% 4,473,845
77 $53,483 N/A $70,250 N/A 4,600,000 4,495,042 0.3% 3,710,100
78 N/A N/A $5,227 $28,603 4,500,000 4,493,668 0.3% 4,059,665
79 N/A $24,000 $49,333 $79,553 4,500,000 4,488,844 0.3% 4,055,200
80 $30,120 N/A $30,120 N/A 4,205,000 4,194,729 0.3% 3,793,711
81 $6,605 $24,000 $6,605 $20,381 4,200,000 4,187,640 0.3% 3,780,376
82 $37,800 N/A $37,800 N/A 4,150,000 4,145,664 0.3% 3,733,685
83 N/A N/A $61,248 N/A 4,120,000 4,106,698 0.3% 3,681,347
84 $18,420 N/A $18,428 $55,784 4,100,000 4,089,866 0.3% 3,695,588
85 $16,044 N/A $48,000 N/A 4,072,000 4,061,927 0.3% 3,399,690
86 $50,000 N/A $50,000 N/A 4,000,000 3,994,580 0.3% 3,618,452
87 N/A $22,800 $7,721 $27,941 4,000,000 3,993,801 0.3% 3,645,122
88 N/A N/A $11,000 $55,000 3,894,691 3,893,397 0.3% 3,581,954
89 N/A N/A $18,600 N/A 3,825,000 3,814,844 0.3% 3,163,988
90 N/A $60,000 $13,508 $63,837 3,804,000 3,795,831 0.3% 3,464,376
91 N/A $28,080 $8,272 $55,953 3,800,000 3,795,609 0.3% 3,474,096
92 $9,048 N/A $9,049 $52,341 3,800,000 3,793,962 0.3% 3,457,538
93 $37,596 N/A $37,591 $47,240 3,790,000 3,769,547 0.3% 3,404,204
94 N/A N/A $1,485 $407 3,706,000 3,697,607 0.3% 3,362,461
95 $40,000 N/A $40,000 N/A 3,700,000 3,689,211 0.3% 3,332,647
96 $3,852 N/A $3,857 $1,359 3,650,000 3,631,507 0.3% 3,043,169
97 $11,796 $45,000 $11,792 $62,126 3,500,000 3,495,482 0.3% 3,176,813
98 $2,526 N/A $7,536 $19,350 3,460,000 3,452,236 0.3% 3,141,361
99 $30,740 N/A $30,740 N/A 3,450,000 3,444,402 0.3% 2,919,483
100 $4,896 $27,000 $4,890 $28,179 3,288,000 3,274,601 0.3% 2,911,306
101 $30,000 N/A $30,000 N/A 3,200,000 3,198,642 0.2% 2,871,395
102 $5,479 N/A $5,539 $22,685 3,200,000 3,194,576 0.2% 2,676,920
103 $13,583 N/A $26,500 N/A 3,300,000 3,169,044 0.2% 2,679,377
104 N/A N/A $31,500 N/A 3,150,000 3,141,216 0.2% 2,811,399
105 N/A N/A $10,260 $6,893 3,300,000 3,123,994 0.2% 1,769,106
106 $6,000 N/A $6,000 N/A 3,120,000 3,118,605 0.2% 2,790,373
107 $23,500 N/A $23,500 N/A 3,115,000 3,110,793 0.2% 2,818,507
108 4.0% N/A 5.0% N/A 3,200,000 3,108,838 0.2% 2,613,734
109 $14,070 N/A $50,000 N/A 3,100,000 3,098,709 0.2% 2,784,916
110 N/A N/A $6,992 $24,238 2,985,000 2,908,942 0.2% 1,792,524
111 N/A N/A $4,527 N/A 2,912,000 2,907,902 0.2% 2,627,052
112 $1,427 N/A $1,913 $5,192 2,859,900 2,852,871 0.2% 2,570,304
113 $1,900 N/A $2,501 $9,678 2,860,000 2,851,609 0.2% 2,574,854
114 $13,977 N/A $13,977 N/A 2,800,000 2,793,488 0.2% 2,355,733
115 $9,096 N/A $9,100 N/A 2,755,000 2,755,000 0.2% 2,526,967
116 N/A N/A $9,046 N/A 2,725,000 2,718,284 0.2% 2,456,778
117 $2,052 N/A $3,012 N/A 2,700,000 2,695,000 0.2% 2,431,822
118 N/A N/A $5,514 N/A 1,560,000 1,556,390 0.1% 1,413,175
119 N/A N/A $3,650 N/A 1,120,000 1,117,409 0.1% 1,014,588
120 $14,928 N/A $14,935 $33,677 2,675,000 2,659,332 0.2% 1,910,132
121 $23,750 N/A $23,750 N/A 2,611,000 2,606,244 0.2% 2,354,373
122 $663 N/A $1,636 N/A 2,552,000 2,545,673 0.2% 2,299,749
123 N/A $38,150 $4,709 $55,230 2,550,000 2,543,376 0.2% 2,289,429
124 N/A N/A $3,565 $9,346 2,550,000 2,543,014 0.2% 2,307,369
125 $647 N/A $1,636 N/A 2,512,000 2,505,773 0.2% 2,263,702
126 $4,542 N/A $6,196 $24,439 2,470,000 2,466,426 0.2% 2,223,698
127 $30,636 N/A $30,624 N/A 2,450,000 2,447,454 0.2% 2,205,241
128 N/A N/A $11,016 $41,932 2,438,000 2,435,280 0.2% 2,233,660
129 $49,140 N/A $55,200 N/A 2,400,000 2,396,728 0.2% 118,311
130 $550 N/A $1,091 N/A 2,400,000 2,395,898 0.2% 2,173,500
131 N/A N/A $3,825 $17,886 2,312,000 2,308,168 0.2% 1,939,911
132 N/A N/A $9,021 $27,298 2,300,000 2,291,190 0.2% 2,078,417
133 $581 N/A $1,636 N/A 2,273,000 2,265,448 0.2% 2,058,707
134 $41,100 N/A $47,950 N/A 2,268,000 2,261,675 0.2% 2,024,207
135 N/A N/A $20,400 N/A 2,250,000 2,238,943 0.2% 1,839,841
136 $4,080 $21,000 $4,080 $25,793 2,175,000 2,166,473 0.2% 1,002,955
137 $4,836 N/A $4,833 $15,969 2,150,000 2,150,000 0.2% 1,971,757
138 $18,837 N/A $20,000 N/A 2,145,000 2,142,752 0.2% 1,929,374
139 N/A N/A $5,112 $31,079 2,150,000 2,140,954 0.2% 1,796,615
140 N/A $18,000 $15,300 $54,773 2,150,000 2,138,636 0.2% 1,710,616
141 $24,000 N/A $24,000 N/A 2,100,000 2,099,109 0.2% 1,884,353
141a
141b
142 N/A N/A $3,525 N/A 2,025,000 1,982,013 0.2% 1,431,094
143 N/A N/A $3,525 N/A 1,997,000 1,971,098 0.2% 1,453,719
144 N/A N/A $8,253 $51,000 1,965,000 1,962,338 0.2% 1,777,564
145 N/A N/A $19,500 N/A 1,950,000 1,943,149 0.2% 1,758,546
146 $1,005 N/A $3,000 $14,052 1,946,000 1,922,979 0.1% 1,619,618
147 $3,084 N/A $3,085 $14,482 1,921,000 1,917,257 0.1% 1,760,856
148 N/A N/A $18,000 N/A 1,920,000 1,916,763 0.1% 1,740,367
149 $18,073 $33,996 $17,768 $17,581 1,916,000 1,903,501 0.1% 1,645,320
150 N/A N/A $15,800 N/A 1,885,000 1,878,870 0.1% 1,572,841
151 $27,360 N/A $34,544 N/A 1,845,000 1,833,914 0.1% 1,656,283
152 $744 N/A $6,075 N/A 1,837,500 1,833,004 0.1% 1,536,244
153 $10,400 N/A $10,400 N/A 1,830,000 1,827,417 0.1% 1,650,553
154 $20,000 N/A $20,000 N/A 1,827,500 1,824,450 0.1% 1,657,635
155 $1,836 $13,044 $1,836 $13,041 1,810,000 1,805,197 0.1% 1,586,610
156 $10,714 N/A $10,714 N/A 1,809,000 1,805,034 0.1% 1,532,639
157 $9,895 N/A $9,895 N/A 1,800,000 1,797,623 0.1% 1,631,237
158 N/A $19,260 $5,779 $26,168 1,800,000 1,797,584 0.1% 1,629,406
159 $2,052 N/A $2,054 $6,800 1,800,000 1,795,202 0.1% 1,612,649
160 N/A $50,012 $5,602 $18,719 1,790,000 1,786,253 0.1% 1,633,037
161 N/A N/A $29,950 N/A 1,780,000 1,768,566 0.1% 1,247,003
162 N/A N/A $13,000 N/A 1,720,000 1,716,093 0.1% 1,560,211
163 $13,500 N/A $13,500 N/A 1,700,000 1,697,327 0.1% 1,547,817
164 $23,652 N/A $23,650 N/A 1,700,000 1,695,028 0.1% 1,530,862
165 $1,555 N/A $2,120 $8,784 1,660,000 1,652,195 0.1% 1,510,388
166 N/A N/A $7,366 $29,463 1,615,000 1,612,388 0.1% 1,467,830
167 $2,340 $12,276 $2,340 $13,366 1,590,000 1,585,956 0.1% 1,398,988
168 $20,000 N/A $20,000 N/A 1,035,000 1,034,268 0.1% 868,358
169 $12,500 N/A $12,500 N/A 525,000 524,629 0.0% 440,471
170 N/A N/A $6,000 N/A 1,579,000 1,553,012 0.1% 1,289,907
171 N/A N/A $2,240 $12,050 1,500,000 1,495,078 0.1% 1,250,201
172 N/A N/A $4,500 $12,208 1,486,000 1,479,970 0.1% 1,247,574
173 $35,087 N/A $20,792 $2,450 1,500,000 1,477,856 0.1% 1,247,004
174 $27,000 N/A $27,000 N/A 1,480,000 1,477,748 0.1% 1,350,170
175 $15,000 N/A $15,000 N/A 1,450,000 1,447,605 0.1% 1,316,106
176 N/A N/A $18,864 N/A 1,430,000 1,425,202 0.1% 1,188,518
177 N/A N/A $2,434 $14,320 1,400,000 1,398,250 0.1% 1,291,101
178 N/A $33,299 $4,836 $26,638 1,400,000 1,396,974 0.1% 1,274,447
179 $913 N/A $9,942 N/A 1,400,000 1,392,907 0.1% 1,167,243
180 $22,500 N/A $22,500 N/A 1,402,000 1,386,387 0.1% 1,190,428
180a
180b
181 N/A N/A $4,912 $23,929 1,400,000 1,386,265 0.1% 1,183,282
182 $9,372 N/A $9,363 $5,614 1,370,000 1,368,517 0.1% 1,228,845
183 $1,968 N/A $1,964 $7,315 1,360,000 1,357,940 0.1% 1,154,356
184 $13,750 N/A $13,750 N/A 1,360,000 1,357,566 0.1% 1,129,182
185 N/A N/A $960 N/A 1,340,000 1,337,725 0.1% 1,263,660
186 $17,604 N/A $17,600 N/A 1,257,500 1,252,888 0.1% 1,130,108
187 N/A N/A $9,836 $33,542 1,250,000 1,248,833 0.1% 1,134,826
188 $10,500 N/A $12,275 N/A 1,240,000 1,238,715 0.1% 1,116,379
189 N/A N/A $4,713 $17,751 1,200,000 1,198,928 0.1% 1,093,030
190 $15,000 N/A $15,000 N/A 1,194,000 1,191,735 0.1% 1,096,316
191 N/A N/A $2,594 $11,240 1,170,000 1,167,848 0.1% 1,076,311
192 $13,000 N/A $15,600 N/A 1,150,000 1,149,012 0.1% 1,050,439
193 $8,605 $15,360 $8,467 $12,742 1,150,000 1,141,935 0.1% 978,671
194 $14,500 N/A $14,500 N/A 1,110,000 1,109,611 0.1% 1,007,000
195 $12,000 N/A $12,000 N/A 1,100,000 1,099,578 0.1% 992,991
196 $7,464 N/A $10,500 N/A 1,100,000 1,098,780 0.1% 984,575
197 $10,000 N/A $10,000 N/A 1,050,000 1,048,302 0.1% 954,315
198 $13,517 N/A $14,303 N/A 1,050,000 1,045,877 0.1% 962,598
198a
198b
198c
199 $8,201 N/A $8,201 N/A 1,045,000 1,042,570 0.1% 879,194
200 N/A N/A $5,442 $13,218 1,023,000 1,022,042 0.1% 928,535
201 N/A N/A $12,150 N/A 1,020,000 1,018,666 0.1% 924,989
202 N/A N/A $15,647 $26,375 1,000,000 996,963 0.1% 841,320
203 N/A N/A $3,458 $16,563 989,000 984,234 0.1% 829,843
204 $11,219 N/A $11,219 N/A 948,000 946,728 0.1% 858,153
205 N/A $18,000 $3,520 $13,200 925,000 923,837 0.1% 841,076
206 $9,000 N/A $9,000 N/A 920,000 919,178 0.1% 837,989
207 $3,792 $11,844 $3,782 $11,842 875,000 874,174 0.1% 793,674
208 N/A N/A $2,985 $14,720 872,000 869,437 0.1% 736,417
209 $10,328 N/A $10,328 N/A 855,000 853,012 0.1% 719,340
210 $8,626 N/A $8,626 N/A 820,000 818,093 0.1% 689,893
211 N/A N/A $2,325 $4,810 783,750 783,239 0.1% 662,912
212 $8,000 N/A $8,000 N/A 732,000 731,246 0.1% 673,764
213 N/A N/A $6,750 N/A 370,000 369,132 0.0% 310,956
214 N/A N/A $3,750 N/A 330,000 329,226 0.0% 277,339
215 N/A N/A $2,949 $13,291 665,000 657,670 0.1% 558,858
216 $8,000 N/A $8,000 N/A 650,000 649,039 0.1% 594,011
217 N/A N/A $2,365 $14,929 624,000 618,551 0.0% 544,441
218 $5,500 N/A $5,500 N/A 610,000 609,300 0.0% 557,923
219 $8,750 N/A $8,750 N/A 600,000 599,405 0.0% 542,161
220 $2,395 N/A $3,115 N/A 600,000 599,255 0.0% 546,043
221 $9,000 N/A $9,000 N/A 600,000 599,140 0.0% 540,543
222 N/A $15,652 $7,254 $12,000 595,000 594,052 0.0% 501,816
223 N/A N/A $3,003 N/A 574,000 572,289 0.0% 483,966
224 N/A N/A N/A N/A 556,000 554,393 0.0% 470,433
225 N/A N/A $3,750 N/A 295,000 293,528 0.0% 246,435
226 N/A N/A $3,000 N/A 232,000 230,842 0.0% 193,806
227 N/A N/A $1,655 $8,275 520,000 519,815 0.0% 471,328
228 N/A N/A $1,988 $6,530 510,000 509,125 0.0% 471,104
229 $10,000 N/A $10,000 N/A 500,000 499,208 0.0% 455,041
230 $10,000 N/A $10,000 N/A 500,000 499,042 0.0% 458,804
231 N/A N/A $4,000 $7,168 405,000 403,665 0.0% 348,454
232 N/A N/A $3,000 N/A 332,000 330,365 0.0% 277,805
Total
/Weighted --------------------------------------------------------------------
Average: $1,295,324,953 $1,290,768,164 98.9% $1,096,230,636
====================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Interest Interest Calculation
Orig Rem. Orig Rem. Only (30/360 / First
Amort. Amort. Term to Term to Period Interest Actual/360 Monthly Payment
# Term Term Maturity (9) Maturity (9) (Months) Rate /Actual/365) Payment (10) Date
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 360 355 120 115 0 8.630% Actual/360 $ 680,877.32 07/01/2000
2 336 332 156 152 0 7.240% 30/360 361,534.76 08/01/2000
3 152 151 152 151 0 6.810% 30/360 390,426.55 11/01/2000
4 360 353 120 113 0 8.640% Actual/360 308,576.54 05/01/2000
4a
4b
5 360 356 120 116 0 8.550% Actual/360 285,810.13 08/01/2000
6 360 353 120 113 0 8.640% Actual/360 236,623.51 05/01/2000
6a
6b
7 360 359 120 119 0 8.130% Actual/360 210,968.62 11/01/2000
8 300 295 120 115 0 8.020% Actual/360 216,479.64 07/01/2000
9 360 355 120 115 0 8.810% Actual/360 217,522.13 07/01/2000
10 360 343 120 103 0 7.570% Actual/360 181,371.61 07/01/1999
11 360 354 120 114 0 8.290% Actual/360 191,536.45 06/01/2000
12 360 356 120 116 0 8.290% Actual/360 70,506.33 08/01/2000
13 360 356 120 116 0 8.220% Actual/360 64,053.06 08/01/2000
14 360 359 120 119 0 8.640% Actual/360 133,184.58 11/01/2000
14a
14b
15 360 360 120 113 24 8.180% Actual/360 109,265.82 05/01/2000
16 360 360 120 112 24 8.625% Actual/360 111,885.05 04/01/2000
17 334 334 120 116 30 8.380% Actual/360 112,212.51 08/01/2000
18 360 356 120 116 0 8.020% Actual/360 102,922.30 08/01/2000
19 360 354 123 117 0 8.390% Actual/360 106,558.38 06/01/2000
20 300 295 120 115 0 8.020% Actual/360 100,508.41 07/01/2000
21 300 294 120 114 0 8.270% Actual/360 99,513.17 06/01/2000
22 360 353 120 113 0 8.340% Actual/360 93,942.78 05/01/2000
23 300 298 120 118 0 8.760% Actual/360 56,774.80 10/01/2000
24 300 298 120 118 0 8.760% Actual/360 44,021.04 10/01/2000
25 300 296 120 116 0 8.900% Actual/360 101,443.77 08/01/2000
26 360 357 120 117 0 8.640% Actual/360 90,542.15 09/01/2000
27 360 358 120 118 0 8.170% Actual/360 86,495.40 10/01/2000
28 264 244 60 40 0 7.410% Actual/360 91,991.97 04/01/1999
29 360 358 84 82 0 8.170% Actual/360 85,749.75 10/01/2000
30 360 358 120 118 0 8.140% Actual/360 78,072.50 10/01/2000
31 360 356 120 116 0 8.690% Actual/360 82,153.99 08/01/2000
32 360 357 120 117 0 8.140% Actual/360 77,723.03 09/01/2000
33 360 358 120 118 0 8.480% 30/360 79,052.14 10/01/2000
34 360 357 120 117 0 8.140% Actual/360 76,116.97 09/01/2000
35 360 357 120 117 0 8.040% Actual/360 73,655.50 09/01/2000
36 360 356 120 116 0 8.420% Actual/360 75,561.85 08/01/2000
37 360 356 120 116 0 8.150% Actual/360 72,861.89 08/01/2000
38 360 356 120 116 0 9.100% Actual/360 79,153.26 08/01/2000
39 360 353 120 113 0 8.580% Actual/360 74,949.35 05/01/2000
40 360 356 120 116 0 8.150% Actual/360 71,001.27 08/01/2000
41 360 359 120 119 0 8.410% Actual/360 42,321.20 11/01/2000
42 360 359 120 119 0 8.410% Actual/360 28,976.68 11/01/2000
43 300 295 120 115 0 8.416% 30/360 73,560.83 07/01/2000
44 360 360 120 118 12 8.190% Actual/360 67,981.80 10/01/2000
45 344 328 120 104 0 8.030% Actual/360 66,634.46 08/01/1999
46 360 358 120 118 0 8.020% Actual/360 64,694.02 10/01/2000
47 360 330 90 60 0 8.000% Actual/365 63,103.75 06/10/1998
48 300 298 120 118 0 8.790% Actual/360 69,412.22 10/01/2000
49 360 354 120 114 0 8.550% Actual/360 62,437.93 06/01/2000
50 360 355 120 115 0 8.160% Actual/360 55,126.22 07/01/2000
51 336 336 120 114 24 8.430% Actual/360 56,676.05 06/01/2000
52 360 360 120 113 24 8.180% Actual/360 51,946.05 05/01/2000
53 360 358 120 118 0 8.380% Actual/360 51,328.70 10/01/2000
54 300 296 120 116 0 8.360% Actual/360 51,727.95 08/01/2000
55 300 294 120 114 0 8.260% Actual/360 51,174.33 06/01/2000
56 360 359 144 143 0 7.990% Actual/360 47,282.86 11/01/2000
57 324 322 120 118 0 8.270% Actual/360 48,367.53 10/01/2000
58 360 357 120 117 0 8.410% Actual/360 45,752.65 09/01/2000
58a
58b
58c
59 300 296 120 116 0 9.270% Actual/360 49,321.33 08/01/2000
60 360 357 120 117 0 8.480% Actual/360 43,747.30 09/01/2000
61 360 353 120 113 0 8.250% Actual/360 42,822.20 05/01/2000
62 360 358 120 118 0 7.980% Actual/360 41,305.71 10/01/2000
62a
62b
62c
62d
63 330 328 120 118 0 8.090% Actual/360 42,367.32 10/01/2000
64 360 354 120 114 0 8.550% Actual/360 43,257.75 06/01/2000
65 360 357 120 117 0 8.160% Actual/360 41,344.67 09/01/2000
66 360 360 120 116 12 8.510% Actual/360 42,329.23 08/01/2000
67 360 355 120 115 0 8.350% Actual/360 41,706.95 07/01/2000
68 360 354 120 114 0 8.390% Actual/360 39,870.13 06/01/2000
69 360 355 120 115 0 8.280% Actual/360 39,175.59 07/01/2000
70 300 299 120 119 0 8.850% Actual/360 42,690.85 11/01/2000
71 360 357 120 117 0 8.330% Actual/360 38,791.03 09/01/2000
72 360 355 120 115 0 9.060% Actual/360 40,649.41 07/01/2000
73 360 355 120 115 0 8.450% Actual/360 38,268.64 07/01/2000
74 360 347 120 107 0 8.420% Actual/360 38,162.55 11/01/1999
75 360 355 120 115 0 9.030% Actual/360 39,734.02 07/01/2000
76 360 355 120 115 0 8.730% Actual/360 38,635.40 07/01/2000
77 300 280 120 100 0 7.250% Actual/360 33,249.12 04/01/1999
78 360 357 120 117 0 8.380% Actual/360 34,219.13 09/01/2000
79 360 355 120 115 0 8.330% Actual/360 34,060.41 07/01/2000
80 360 355 120 115 0 8.380% Actual/360 31,975.88 07/01/2000
81 360 354 120 114 0 8.270% Actual/360 31,612.27 06/01/2000
82 360 358 120 118 0 8.270% Actual/360 31,235.93 10/01/2000
83 360 354 120 114 0 7.960% Actual/360 30,116.29 06/01/2000
84 360 355 120 115 0 8.340% Actual/360 31,061.72 07/01/2000
85 300 297 120 117 0 8.460% Actual/360 32,679.16 09/01/2000
86 360 357 120 117 0 8.500% Actual/360 30,756.54 09/01/2000
87 360 356 120 116 0 8.820% Actual/360 31,668.21 08/01/2000
88 360 359 111 110 0 8.750% Actual/360 30,639.55 11/01/2000
89 300 297 120 117 0 8.130% Actual/360 29,852.13 09/01/2000
90 360 355 120 115 0 8.800% Actual/360 30,062.03 07/01/2000
91 360 357 120 117 0 8.980% Actual/360 30,520.99 09/01/2000
92 360 356 120 116 0 8.750% Actual/360 29,894.62 08/01/2000
93 360 350 120 110 0 8.190% Actual/360 28,322.18 02/01/2000
94 360 355 120 115 0 8.630% Actual/360 28,838.08 07/01/2000
95 360 354 120 114 0 8.300% Actual/360 27,927.03 06/01/2000
96 300 294 120 114 0 8.400% Actual/360 29,145.23 06/01/2000
97 360 357 120 117 0 8.650% Actual/360 27,284.92 09/01/2000
98 360 355 120 115 0 8.660% Actual/360 26,997.75 07/01/2000
99 312 310 120 118 0 8.230% Actual/360 26,843.28 10/01/2000
100 360 351 144 135 0 8.980% Actual/360 26,408.69 03/01/2000
101 360 359 120 119 0 8.150% Actual/360 23,815.94 11/01/2000
102 300 298 120 118 0 8.540% Actual/360 25,853.58 10/01/2000
103 300 266 120 86 0 7.500% Actual/360 24,386.71 02/01/1998
104 360 355 120 115 0 7.920% Actual/360 22,938.15 07/01/2000
105 264 229 180 145 0 7.680% Actual/360 25,932.88 01/01/1998
106 360 359 120 119 0 8.010% Actual/360 22,915.21 11/01/2000
107 360 357 120 117 0 8.510% Actual/360 23,973.73 09/01/2000
108 300 274 120 94 0 7.690% Actual/360 24,044.61 10/01/1998
109 360 359 120 119 0 8.200% Actual/360 23,180.39 11/01/2000
110 240 225 144 129 0 8.390% 30/360 25,697.08 09/01/1999
111 360 357 120 117 0 8.380% Actual/360 22,143.59 09/01/2000
112 346 341 120 115 0 8.830% Actual/360 22,848.79 07/01/2000
113 360 354 120 114 0 8.280% Actual/360 21,546.57 06/01/2000
114 300 297 120 117 0 8.740% Actual/360 23,001.00 09/01/2000
115 360 360 120 116 12 8.430% Actual/360 21,047.04 08/01/2000
116 360 355 120 115 0 8.350% Actual/360 20,663.90 07/01/2000
117 360 356 120 116 0 8.300% Actual/360 20,379.17 08/01/2000
118 360 355 120 115 0 8.560% Actual/360 12,061.45 07/01/2000
119 360 355 120 115 0 8.560% Actual/360 8,659.50 07/01/2000
120 240 236 120 116 0 8.360% Actual/360 22,977.79 08/01/2000
121 360 356 120 116 0 8.350% Actual/360 19,799.43 08/01/2000
122 360 355 120 115 0 8.330% Actual/360 19,316.04 07/01/2000
123 360 355 120 115 0 8.170% Actual/360 19,014.07 07/01/2000
124 360 354 120 114 0 8.500% Actual/360 19,607.29 06/01/2000
125 360 355 120 115 0 8.330% Actual/360 19,013.28 07/01/2000
126 360 357 120 117 0 8.290% Actual/360 18,625.79 09/01/2000
127 360 358 120 118 0 8.290% Actual/360 18,474.97 10/01/2000
128 360 357 120 117 0 9.080% Actual/360 19,757.30 09/01/2000
129 240 239 240 239 0 8.480% Actual/360 20,797.39 11/01/2000
130 360 356 120 116 0 8.540% Actual/360 18,522.00 08/01/2000
131 300 298 120 118 0 8.650% Actual/360 18,851.13 10/01/2000
132 360 352 120 112 0 8.440% Actual/360 17,587.30 04/01/2000
133 360 353 120 113 0 8.550% Actual/360 17,558.01 05/01/2000
134 360 355 120 115 0 7.920% Actual/360 16,515.47 07/01/2000
135 300 295 120 115 0 7.730% Actual/360 16,965.36 07/01/2000
136 300 295 240 235 0 8.820% Actual/360 17,985.18 07/01/2000
137 324 324 120 115 36 8.300% Actual/360 16,655.95 07/01/2000
138 360 358 120 118 0 8.260% Actual/360 16,129.75 10/01/2000
139 300 295 120 115 0 8.490% Actual/360 17,297.90 07/01/2000
140 276 271 120 115 0 8.470% Actual/360 17,718.43 07/01/2000
141 360 359 120 119 0 8.150% Actual/360 15,629.21 11/01/2000
141a
141b
142 240 227 120 107 0 8.050% Actual/360 17,000.98 11/01/1999
143 240 231 120 111 0 8.950% Actual/360 17,903.36 03/01/2000
144 360 357 120 117 0 8.500% Actual/360 15,109.15 09/01/2000
145 360 353 120 113 0 8.360% Actual/360 14,800.77 05/01/2000
146 300 287 120 107 0 8.330% Actual/360 15,447.41 11/01/1999
147 360 355 120 115 0 9.100% Actual/360 15,595.22 07/01/2000
148 360 356 120 116 0 8.580% Actual/360 14,872.13 08/01/2000
149 300 291 120 111 0 9.520% Actual/360 16,766.67 03/01/2000
150 300 296 120 116 0 8.430% Actual/360 15,089.71 08/01/2000
151 360 349 120 109 0 8.150% Actual/360 13,731.38 01/01/2000
152 300 297 120 117 0 8.510% Actual/360 14,808.43 09/01/2000
153 360 357 120 117 0 8.370% Actual/360 13,902.86 09/01/2000
154 360 356 120 116 0 8.610% Actual/360 14,194.61 08/01/2000
155 360 354 144 138 0 8.600% Actual/360 14,045.81 06/01/2000
156 300 297 120 117 0 9.000% Actual/360 15,181.06 09/01/2000
157 360 357 120 117 0 8.580% Actual/360 13,942.63 09/01/2000
158 360 357 120 117 0 8.530% Actual/360 13,878.73 09/01/2000
159 360 355 120 115 0 8.080% Actual/360 13,308.29 07/01/2000
160 360 355 120 115 0 8.880% Actual/360 14,248.46 07/01/2000
161 240 236 120 116 0 8.530% 30/360 15,481.07 08/01/2000
162 360 355 120 115 0 8.620% Actual/360 13,371.87 07/01/2000
163 360 356 120 116 0 8.780% Actual/360 13,410.35 08/01/2000
164 360 354 120 114 0 8.290% Actual/360 12,819.37 06/01/2000
165 360 350 120 110 0 8.750% Actual/360 13,059.23 02/01/2000
166 360 356 120 116 0 8.700% Actual/360 12,647.58 08/01/2000
167 360 354 144 138 0 8.730% Actual/360 12,485.83 06/01/2000
168 300 299 120 119 0 8.640% Actual/360 8,431.97 11/01/2000
169 300 299 120 119 0 8.640% Actual/360 4,277.09 11/01/2000
170 300 284 120 104 0 8.460% 30/360 12,672.00 08/01/1999
171 300 296 120 116 0 8.390% Actual/360 11,967.42 08/01/2000
172 300 295 120 115 0 8.660% Actual/360 12,126.32 07/01/2000
173 300 284 120 104 0 8.280% Actual/360 11,856.84 08/01/1999
174 360 356 120 116 0 8.870% Actual/360 11,770.24 08/01/2000
175 360 356 120 116 0 8.640% Actual/360 11,293.43 08/01/2000
176 300 296 120 116 0 8.290% Actual/360 11,313.09 08/01/2000
177 360 356 120 116 0 9.380% Actual/360 11,649.58 08/01/2000
178 360 355 120 115 0 8.780% Actual/360 11,043.82 07/01/2000
179 300 294 120 114 0 8.400% Actual/360 11,178.99 06/01/2000
180 300 286 120 106 0 9.070% Actual/360 11,832.81 10/01/1999
180a
180b
181 300 288 120 108 0 8.900% Actual/360 11,653.06 12/01/1999
182 360 358 120 118 0 8.140% Actual/360 10,186.60 10/01/2000
183 300 298 120 118 0 9.080% Actual/360 11,487.67 10/01/2000
184 300 298 120 118 0 8.270% Actual/360 10,741.10 10/01/2000
185 360 356 84 80 0 8.560% Actual/360 10,360.47 08/01/2000
186 360 353 120 113 0 8.210% Actual/360 9,411.84 05/01/2000
187 360 358 120 118 0 8.670% Actual/360 9,762.42 10/01/2000
188 360 358 120 118 0 8.300% Actual/360 9,359.33 10/01/2000
189 360 358 120 118 0 8.820% Actual/360 9,500.46 10/01/2000
190 360 355 120 115 0 9.180% Actual/360 9,762.24 07/01/2000
191 360 355 120 115 0 9.270% Actual/360 9,642.26 07/01/2000
192 360 358 120 118 0 8.950% Actual/360 9,211.82 10/01/2000
193 300 291 120 111 0 9.170% Actual/360 9,784.85 03/01/2000
194 360 359 120 119 0 8.630% Actual/360 8,637.42 11/01/2000
195 360 359 120 119 0 8.410% Actual/360 8,387.99 11/01/2000
196 360 358 120 118 0 8.050% Actual/360 8,109.79 10/01/2000
197 360 356 120 116 0 8.700% Actual/360 8,222.89 08/01/2000
198 360 351 120 111 0 9.110% Actual/360 8,531.78 03/01/2000
198a
198b
198c
199 300 297 120 117 0 8.740% Actual/360 8,584.30 09/01/2000
200 360 358 120 118 0 8.660% Actual/360 7,982.28 10/01/2000
201 360 357 120 117 0 8.610% Actual/360 7,922.57 09/01/2000
202 300 296 120 116 0 8.730% Actual/360 8,207.85 08/01/2000
203 300 294 120 114 0 8.630% Actual/360 8,050.52 06/01/2000
204 360 357 120 117 0 8.530% Actual/360 7,309.47 09/01/2000
205 360 357 120 117 0 8.730% Actual/360 7,263.77 09/01/2000
206 360 358 120 118 0 8.820% Actual/360 7,283.69 10/01/2000
207 360 358 120 118 0 8.630% Actual/360 6,808.77 10/01/2000
208 300 296 120 116 0 8.870% Actual/360 7,240.32 08/01/2000
209 300 297 120 117 0 8.740% Actual/360 7,023.52 09/01/2000
210 300 297 120 117 0 8.740% Actual/360 6,736.01 09/01/2000
211 300 299 120 119 0 8.940% Actual/360 6,545.03 11/01/2000
212 360 357 120 117 0 9.300% Actual/360 6,048.53 09/01/2000
213 300 297 120 117 0 8.700% Actual/360 3,029.37 09/01/2000
214 300 297 120 117 0 8.700% Actual/360 2,701.87 09/01/2000
215 300 287 120 107 0 8.680% Actual/360 5,435.70 11/01/1999
216 360 356 120 116 0 8.950% Actual/360 5,206.68 08/01/2000
217 324 311 120 107 0 8.700% Actual/360 5,005.96 11/01/1999
218 360 357 120 117 0 9.000% Actual/360 4,908.20 09/01/2000
219 360 358 120 118 0 8.460% Actual/360 4,596.48 10/01/2000
220 360 357 120 117 0 8.770% Actual/360 4,728.78 09/01/2000
221 360 357 120 117 0 8.320% Actual/360 4,537.16 09/01/2000
222 300 298 120 118 0 8.840% Actual/360 4,928.19 10/01/2000
223 300 296 120 116 0 8.810% Actual/360 4,742.53 08/01/2000
224 300 296 120 116 0 8.940% Actual/360 4,643.11 08/01/2000
225 300 294 120 114 0 8.470% Actual/360 2,369.46 06/01/2000
226 300 294 120 114 0 8.470% Actual/360 1,863.44 06/01/2000
227 360 359 120 119 0 8.590% Actual/360 4,031.56 11/01/2000
228 360 355 120 115 0 9.470% Actual/360 4,277.20 07/01/2000
229 360 356 120 116 0 8.760% Actual/360 3,937.07 08/01/2000
230 360 355 120 115 0 9.150% Actual/360 4,077.19 07/01/2000
231 300 295 120 115 0 9.590% Actual/360 3,563.84 07/01/2000
232 300 294 120 114 0 8.530% Actual/360 2,680.07 06/01/2000
Total
/Weighted
-------------------------------------------------------------- -----------------
Average: 338 333 122 117 8.297% $9,947,086.10
============================================================== =================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Original Original
Original Yield Prepayment Original
Lockout Maintenance Premium Open
Maturity Prepayment Provision Period Period Period Period
# Date ARD (11) Seasoning as of Origination (12) (Months) (Months) (Months) (Months)
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 06/01/2010 5 L (9.75), O (0.25) 117 0 0 3
2 07/01/2028 07/01/2013 4 L (12.42), O (0.58) 149 0 0 7
3 06/01/2013 1 YM 1% (12.58), O (0.08) 0 151 0 1
4 04/01/2010 7 L (9.5), O (0.5) 114 0 0 6
4a
4b
5 07/01/2025 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
6 04/01/2010 7 L (9.5), O (0.5) 114 0 0 6
6a
6b
7 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
8 06/01/2010 5 L (9.58), O (0.42) 115 0 0 5
9 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
10 06/01/2029 06/01/2009 17 L (9.42), O (0.58) 113 0 0 7
11 05/01/2030 04/30/2010 6 L (2.42), YM 1% (7.25), O (0.33) 29 87 0 4
12 07/01/2010 4 L (9.67), O (0.33) 116 0 0 4
13 07/01/2010 4 L (9.67), O (0.33) 116 0 0 4
14 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
14a
14b
15 04/01/2010 7 L (9.67), O (0.33) 116 0 0 4
16 03/01/2010 8 L (9.42), O (0.58) 113 0 0 7
17 07/01/2030 07/01/2010 4 L (9.67), O (0.33) 116 0 0 4
18 07/01/2010 4 L (9.42), O (0.58) 113 0 0 7
19 08/31/2010 6 L (10), O (0.25) 120 0 0 3
20 06/01/2010 5 L (9.58), O (0.42) 115 0 0 5
21 05/01/2010 6 L (9.67), O (0.33) 116 0 0 4
22 04/01/2010 7 L (9.67), O (0.33) 116 0 0 4
23 09/01/2010 2 L (9.67), O (0.33) 116 0 0 4
24 09/01/2010 2 L (9.67), O (0.33) 116 0 0 4
25 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
26 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
27 09/01/2010 2 L (9.75), O (0.25) 117 0 0 3
28 03/01/2004 20 3% (1.0), 2% (1.0), 1% (1.0), O (2.0) 0 0 36 24
29 09/01/2007 2 L (6.75), O (0.25) 81 0 0 3
30 09/01/2010 2 L (9.67), O (0.33) 116 0 0 4
31 07/01/2030 07/01/2010 4 L (9.67), O (0.33) 116 0 0 4
32 08/01/2010 3 L (9.67), O (0.33) 116 0 0 4
33 09/01/2010 2 L (9.67), O (0.33) 116 0 0 4
34 08/01/2010 3 L (9.67), O (0.33) 116 0 0 4
35 08/01/2030 08/01/2010 3 L (9.42), O (0.58) 113 0 0 7
36 07/01/2030 07/01/2010 4 L (9.67), O (0.33) 116 0 0 4
37 07/01/2030 07/01/2010 4 L (9.42), O (0.58) 113 0 0 7
38 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
39 04/01/2030 04/01/2010 7 L (2.92), YM 1% (6.5), O (0.58) 35 78 0 7
40 07/01/2030 07/01/2010 4 L (9.42), O (0.58) 113 0 0 7
41 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
42 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
43 06/01/2010 5 L (9.67), O (0.33) 116 0 0 4
44 09/01/2030 09/01/2010 2 L (9.75), O (0.25) 117 0 0 3
45 07/01/2009 16 L (9.75), O (0.25) 117 0 0 3
46 09/01/2010 2 L (9.67), O (0.33) 116 0 0 4
47 11/10/2005 30 L (4), YM 1% (3.17), O (0.33) 48 38 0 4
48 09/01/2010 2 L (9.42), O (0.58) 113 0 0 7
49 05/01/2010 6 L (9.67), O (0.33) 116 0 0 4
50 06/01/2030 06/01/2010 5 L (9.67), O (0.33) 116 0 0 4
51 05/01/2030 05/01/2010 6 L (9.67), O (0.33) 116 0 0 4
52 04/01/2010 7 L (9.67), O (0.33) 116 0 0 4
53 09/01/2010 2 L (9.5), O (0.5) 114 0 0 6
54 07/01/2010 4 L (9.67), O (0.33) 116 0 0 4
55 05/01/2010 6 L (9.67), O (0.33) 116 0 0 4
56 10/01/2012 1 L (11.67), O (0.33) 140 0 0 4
57 09/01/2010 2 L (9.67), O (0.33) 116 0 0 4
58 08/01/2030 8/1/10 3 L (9.67), O (0.33) 116 0 0 4
58a
58b
58c
59 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
60 08/01/2030 08/01/2010 3 L (9.75), O (0.25) 117 0 0 3
61 04/01/2010 7 L (9.5), O (0.5) 114 0 0 6
62 09/01/2010 2 L (9.67), O (0.33) 116 0 0 4
62a
62b
62c
62d
63 09/01/2010 2 L (9.42), O (0.58) 113 0 0 7
64 05/01/2010 6 L (9.67), O (0.33) 116 0 0 4
65 08/01/2010 3 L (2.92), YM 1% (6.75), O (0.33) 35 81 0 4
66 07/01/2010 4 L (9.67), O (0.33) 116 0 0 4
67 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
68 05/01/2010 6 L (9.5), O (0.5) 114 0 0 6
69 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
70 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
71 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
72 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
73 06/01/2030 06/01/2010 5 L (9.58), O (0.42) 115 0 0 5
74 10/01/2009 13 L (9.5), O (0.5) 114 0 0 6
75 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
76 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
77 03/01/2011 02/28/2009 20 L (4.92), YM 1% (4.75), O (0.33) 59 57 0 4
78 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
79 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
80 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
81 05/01/2030 05/01/2010 6 L (9.67), O (0.33) 116 0 0 4
82 09/01/2010 2 L (9.75), O (0.25) 117 0 0 3
83 05/01/2010 6 L (2.92), YM 1% (6.75), O (0.33) 35 81 0 4
84 06/01/2030 06/01/2010 5 L (9.67), O (0.33) 116 0 0 4
85 08/01/2010 3 L (9.67), O (0.33) 116 0 0 4
86 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
87 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
88 01/01/2010 1 L (8.75), O (0.5) 105 0 0 6
89 08/01/2010 3 L (9.75), O (0.25) 117 0 0 3
90 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
91 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
92 07/01/2010 4 L (9.75), O (0.25) 117 0 0 3
93 01/01/2030 01/01/2010 10 L (9.67), O (0.33) 116 0 0 4
94 06/01/2010 5 L (9.67), O (0.33) 116 0 0 4
95 05/01/2010 6 L (9.5), O (0.5) 114 0 0 6
96 05/01/2025 05/01/2010 6 L (9.67), O (0.33) 116 0 0 4
97 08/01/2010 3 L (9.67), O (0.33) 116 0 0 4
98 06/01/2010 5 L (9.67), O (0.33) 116 0 0 4
99 09/01/2010 2 L (2.92), YM 1% (6.75), O (0.33) 35 81 0 4
100 02/01/2012 9 L (11.75), O (0.25) 141 0 0 3
101 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
102 09/01/2025 09/01/2010 2 L (9.75), O (0.25) 117 0 0 3
103 01/01/2008 34 L (4.92), YM 1% (4.5), O (0.58) 59 54 0 7
104 06/01/2030 06/01/2010 5 L (4), YM 1% (5.42), O (0.58) 48 65 0 7
105 12/01/2012 35 L (14.5), O (0.5) 174 0 0 6
106 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
107 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
108 09/01/2008 26 L (4.92), YM (4.75), O (0.33) 59 57 0 4
109 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
110 08/01/2011 15 L (11.75), O (0.25) 141 0 0 3
111 08/01/2030 08/01/2010 3 L (9.67), O (0.33) 116 0 0 4
112 06/01/2010 5 L (5), YM 1% (4.42), O (0.58) 60 53 0 7
113 05/01/2010 6 L (4.92), YM 1% (4.75), O (0.33) 59 57 0 4
114 08/01/2010 3 L (9.67), O (0.33) 116 0 0 4
115 07/01/2010 4 L (9.67), O (0.33) 116 0 0 4
116 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
117 07/01/2010 4 L (9.67), O (0.33) 116 0 0 4
118 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
119 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
120 07/01/2010 4 L (9.67), O (0.33) 116 0 0 4
121 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
122 06/01/2030 06/01/2010 5 L (9.67), O (0.33) 116 0 0 4
123 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
124 05/01/2010 6 L (9.67), O (0.33) 116 0 0 4
125 06/01/2030 06/01/2010 5 L (9.67), O (0.33) 116 0 0 4
126 08/01/2030 08/01/2010 3 L (9.67), O (0.33) 116 0 0 4
127 09/01/2010 2 L (9.67), O (0.33) 116 0 0 4
128 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
129 10/01/2020 1 L (4.08), YM 1% (15.33), O (0.58) 49 184 0 7
130 07/01/2030 07/01/2010 4 L (9.67), O (0.33) 116 0 0 4
131 09/01/2010 2 L (9.75), O (0.25) 117 0 0 3
132 03/01/2010 8 L (9.5), O (0.5) 114 0 0 6
133 04/01/2010 7 L (9.67), O (0.33) 116 0 0 4
134 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
135 06/01/2010 5 L (9.75), O (0.25) 117 0 0 3
136 06/01/2020 5 L (19.67), O (0.33) 236 0 0 4
137 06/01/2030 06/01/2010 5 L (9.42), O (0.58) 113 0 0 7
138 09/01/2010 2 L (9.75), O (0.25) 117 0 0 3
139 06/01/2010 5 L (9.42), O (0.58) 113 0 0 7
140 06/01/2010 5 YM 5% (9.67), O (0.33) 0 116 0 4
141 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
141a
141b
142 10/01/2019 10/01/2009 13 L (3.92), YM 3% (5), YM 1% (0.75), O (0.33) 47 69 0 4
143 02/01/2020 02/01/2010 9 L (3.92), YM 3% (5), YM 1% (0.75), O (0.33) 47 69 0 4
144 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
145 04/01/2010 7 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
146 10/01/2009 13 L (9.67), O (0.33) 116 0 0 4
147 06/01/2010 5 L (9.75), O (0.25) 117 0 0 3
148 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
149 02/01/2025 02/01/2010 9 L (2.92), YM 1% (6.75), O (0.33) 35 81 0 4
150 07/01/2010 4 YM 5% (9.67), O (0.33) 0 116 0 4
151 12/01/2029 12/01/2009 11 L (9.67), O (0.33) 116 0 0 4
152 08/01/2010 3 L (9.67), O (0.33) 116 0 0 4
153 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
154 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
155 05/01/2012 6 L (11.67), O (0.33) 140 0 0 4
156 08/01/2010 3 L (9.67), O (0.33) 116 0 0 4
157 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
158 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
159 06/01/2030 06/01/2010 5 L (9.67), O (0.33) 116 0 0 4
160 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
161 07/01/2010 4 YM 5% (9.67), O (0.33) 0 116 0 4
162 06/01/2010 5 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
163 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
164 05/01/2010 6 L (9.67), O (0.33) 116 0 0 4
165 01/01/2010 10 L (9.67), O (0.33) 116 0 0 4
166 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
167 05/01/2012 6 L (11.67), O (0.33) 140 0 0 4
168 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
169 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
170 07/01/2009 16 L (9.75), O (0.25) 117 0 0 3
171 07/01/2010 4 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
172 06/01/2025 06/01/2010 5 L (9.75), O (0.25) 117 0 0 3
173 07/01/2009 16 L (9.5), O (0.5) 114 0 0 6
174 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
175 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
176 07/01/2010 4 YM 5% (9.67), O (0.33) 0 116 0 4
177 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
178 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
179 05/01/2010 6 L (9.67), O (0.33) 116 0 0 4
180 09/01/2009 14 L (9.5), O (0.5) 114 0 0 6
180a
180b
181 11/01/2009 12 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
182 09/01/2010 2 L (9.42), O (0.58) 113 0 0 7
183 09/01/2010 2 L (9.67), O (0.33) 116 0 0 4
184 09/01/2010 2 L (2.92), YM 1% (6.75), O (0.33) 35 81 0 4
185 07/01/2007 4 L (5), YM 1% (1.67), O (0.33) 60 20 0 4
186 04/01/2030 04/01/2010 7 L (9.42), O (0.58) 113 0 0 7
187 09/01/2010 2 L (9.5), O (0.5) 114 0 0 6
188 09/01/2010 2 L (9.5), O (0.5) 114 0 0 6
189 09/01/2010 2 L (9.5), O (0.5) 114 0 0 6
190 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
191 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
192 09/01/2010 2 L (9.5), O (0.5) 114 0 0 6
193 02/01/2010 9 L (9.67), O (0.33) 116 0 0 4
194 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
195 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
196 09/01/2010 2 L (9.42), O (0.58) 113 0 0 7
197 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
198 02/01/2010 9 L (9.5), O (0.5) 114 0 0 6
198a
198b
198c
199 08/01/2010 3 L (9.67), O (0.33) 116 0 0 4
200 09/01/2010 2 L (9.5), O (0.5) 114 0 0 6
201 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
202 07/01/2010 4 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
203 05/01/2010 6 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
204 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
205 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
206 09/01/2010 2 L (9.5), O (0.5) 114 0 0 6
207 09/01/2010 2 L (9.67), O (0.33) 116 0 0 4
208 07/01/2010 4 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
209 08/01/2010 3 L (9.67), O (0.33) 116 0 0 4
210 08/01/2010 3 L (9.67), O (0.33) 116 0 0 4
211 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
212 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
213 08/01/2010 3 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
214 08/01/2010 3 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
215 10/01/2009 13 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
216 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
217 10/01/2009 13 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
218 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
219 09/01/2010 2 L (9.5), O (0.5) 114 0 0 6
220 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
221 08/01/2010 3 L (9.5), O (0.5) 114 0 0 6
222 09/01/2010 2 L (9.5), O (0.5) 114 0 0 6
223 07/01/2010 4 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
224 07/01/2010 4 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
225 05/01/2010 6 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
226 05/01/2010 6 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
227 10/01/2010 1 L (9.5), O (0.5) 114 0 0 6
228 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
229 07/01/2010 4 L (9.5), O (0.5) 114 0 0 6
230 06/01/2010 5 L (9.5), O (0.5) 114 0 0 6
231 06/01/2010 5 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
232 05/01/2010 6 L (5), YM 1% (4.67), O (0.33) 60 56 0 4
Total
/Weighted ----------
Average: 5
==========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Yield Prepayment
Lockout Maintenance Premium Utilities
Expiration Expiration Expiration Hotel Multifamily Tenant Multifamily
# Defeasance (13) Date Date Date Franchise Pays Elevators
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 Yes 03/01/2010 N/A N/A N/A N/A N/A
2 Yes 12/01/2012 N/A N/A N/A N/A N/A
3 No N/A 05/01/2013 N/A N/A N/A N/A
4 Yes 10/01/2009 N/A N/A
4a N/A Electric 0
4b N/A Electric 0
5 Yes 01/01/2010 N/A N/A N/A N/A N/A
6 Yes 10/01/2009 N/A N/A
6a N/A Electric 0
6b N/A Electric 0
7 Yes 04/01/2010 N/A N/A N/A N/A N/A
8 Yes 01/01/2010 N/A N/A N/A Electric 0
9 Yes 12/01/2009 N/A N/A N/A N/A N/A
10 Yes 11/01/2008 N/A N/A N/A N/A N/A
11 No 10/01/2002 01/01/2010 N/A N/A N/A N/A
12 Yes 03/01/2010 N/A N/A N/A N/A N/A
13 Yes 03/01/2010 N/A N/A N/A N/A N/A
14 Yes 04/01/2010 N/A N/A
14a N/A Electric/Gas/Water/Sewer 0
14b N/A Electric 0
15 Yes 12/01/2009 N/A N/A N/A Electric 0
16 Yes 08/01/2009 N/A N/A N/A Electric 0
17 Yes 03/01/2010 N/A N/A N/A N/A N/A
18 Yes 12/01/2009 N/A N/A N/A Electric/Gas 0
19 Yes 05/01/2010 N/A N/A N/A N/A N/A
20 Yes 01/01/2010 N/A N/A N/A Electric 0
21 Yes 01/01/2010 N/A N/A N/A N/A N/A
22 Yes 12/01/2009 N/A N/A N/A Electric 0
23 Yes 05/01/2010 N/A N/A Radisson Hotels Worldwide N/A N/A
24 Yes 05/01/2010 N/A N/A Radisson Hotels Worldwide N/A N/A
25 Yes 01/01/2010 N/A N/A N/A N/A N/A
26 Yes 02/01/2010 N/A N/A N/A N/A N/A
27 Yes 06/01/2010 N/A N/A N/A N/A N/A
28 No N/A N/A 03/01/2002 Holiday Inn N/A N/A
29 Yes 06/01/2007 N/A N/A N/A Electric/Water/Sewer 0
30 Yes 05/01/2010 N/A N/A N/A Electric/Gas 0
31 Yes 03/01/2010 N/A N/A N/A N/A N/A
32 Yes 04/01/2010 N/A N/A N/A Electric/Gas 0
33 Yes 05/01/2010 N/A N/A N/A N/A N/A
34 Yes 04/01/2010 N/A N/A N/A Electric/Gas 0
35 Yes 01/01/2010 N/A N/A N/A N/A N/A
36 Yes 03/01/2010 N/A N/A N/A N/A N/A
37 Yes 12/01/2009 N/A N/A N/A N/A N/A
38 Yes 01/01/2010 N/A N/A N/A N/A N/A
39 No 03/01/2003 09/01/2009 N/A N/A N/A N/A
40 Yes 12/01/2009 N/A N/A N/A N/A N/A
41 Yes 04/01/2010 N/A N/A N/A N/A N/A
42 Yes 04/01/2010 N/A N/A N/A N/A N/A
43 Yes 02/01/2010 N/A N/A DoubleTree Hotel N/A N/A
44 Yes 06/01/2010 N/A N/A N/A N/A N/A
45 Yes 04/01/2009 N/A N/A N/A N/A N/A
46 Yes 05/01/2010 N/A N/A N/A Electric/Sewer 0
47 No 05/10/2002 07/10/2005 N/A N/A N/A N/A
48 Yes 02/01/2010 N/A N/A Candlewood Suites N/A N/A
49 Yes 01/01/2010 N/A N/A N/A N/A N/A
50 Yes 02/01/2010 N/A N/A N/A N/A N/A
51 Yes 01/01/2010 N/A N/A N/A Electric/Gas 0
52 Yes 12/01/2009 N/A N/A N/A Electric 0
53 Yes 03/01/2010 N/A N/A N/A N/A N/A
54 Yes 03/01/2010 N/A N/A N/A N/A N/A
55 Yes 01/01/2010 N/A N/A N/A N/A N/A
56 Yes 06/01/2012 N/A N/A N/A None 0
57 Yes 05/01/2010 N/A N/A N/A Electric 1
58 Yes 04/01/2010 N/A N/A
58a N/A N/A N/A
58b N/A N/A N/A
58c N/A N/A N/A
59 Yes 01/01/2010 N/A N/A N/A N/A N/A
60 Yes 05/01/2010 N/A N/A N/A N/A N/A
61 Yes 10/01/2009 N/A N/A N/A N/A N/A
62 Yes 05/01/2010 N/A N/A
62a N/A N/A N/A
62b N/A N/A N/A
62c N/A N/A N/A
62d N/A N/A N/A
63 Yes 02/01/2010 N/A N/A N/A Electric/Gas 0
64 Yes 01/01/2010 N/A N/A N/A N/A N/A
65 No 07/01/2003 04/01/2010 N/A N/A N/A N/A
66 Yes 03/01/2010 N/A N/A N/A N/A N/A
67 Yes 12/01/2009 N/A N/A N/A N/A N/A
68 Yes 11/01/2009 N/A N/A N/A Electric 0
69 Yes 12/01/2009 N/A N/A N/A N/A N/A
70 Yes 04/01/2010 N/A N/A Marriott Courtyard N/A N/A
71 Yes 02/01/2010 N/A N/A N/A Electric 0
72 Yes 12/01/2009 N/A N/A N/A N/A N/A
73 Yes 01/01/2010 N/A N/A N/A N/A N/A
74 Yes 04/01/2009 N/A N/A N/A Electric 0
75 Yes 12/01/2009 N/A N/A N/A None 0
76 Yes 12/01/2009 N/A N/A N/A N/A N/A
77 No 02/01/2004 11/01/2008 N/A N/A None 0
78 Yes 02/01/2010 N/A N/A N/A N/A N/A
79 Yes 12/01/2009 N/A N/A N/A N/A N/A
80 Yes 12/01/2009 N/A N/A N/A Electric/Gas 0
81 Yes 01/01/2010 N/A N/A N/A N/A N/A
82 Yes 06/01/2010 N/A N/A N/A Electric 0
83 No 04/01/2003 01/01/2010 N/A N/A Electric 0
84 Yes 02/01/2010 N/A N/A N/A N/A N/A
85 Yes 04/01/2010 N/A N/A N/A N/A N/A
86 Yes 02/01/2010 N/A N/A N/A Electric 0
87 Yes 01/01/2010 N/A N/A N/A N/A N/A
88 Yes 07/01/2009 N/A N/A N/A N/A N/A
89 Yes 05/01/2010 N/A N/A N/A N/A N/A
90 Yes 12/01/2009 N/A N/A N/A N/A N/A
91 Yes 02/01/2010 N/A N/A N/A N/A N/A
92 Yes 04/01/2010 N/A N/A N/A N/A N/A
93 Yes 09/01/2009 N/A N/A N/A N/A N/A
94 Yes 02/01/2010 N/A N/A N/A N/A N/A
95 Yes 11/01/2009 N/A N/A N/A Electric 0
96 Yes 01/01/2010 N/A N/A N/A N/A N/A
97 Yes 04/01/2010 N/A N/A N/A N/A N/A
98 Yes 02/01/2010 N/A N/A N/A N/A N/A
99 No 08/01/2003 05/01/2010 N/A N/A Electric 0
100 Yes 11/01/2011 N/A N/A N/A N/A N/A
101 Yes 04/01/2010 N/A N/A N/A Electric 0
102 Yes 06/01/2010 N/A N/A N/A N/A N/A
103 No 12/01/2002 06/01/2007 N/A N/A N/A N/A
104 No 06/01/2004 11/01/2009 N/A N/A Electric 2
105 Yes 06/01/2012 N/A N/A N/A N/A N/A
106 Yes 04/01/2010 N/A N/A N/A Electric, Gas 1
107 Yes 02/01/2010 N/A N/A N/A Electric/Gas/ Water/Sewer 2
108 No 08/01/2003 05/01/2008 N/A Best Western N/A N/A
109 Yes 04/01/2010 N/A N/A N/A Electric 0
110 Yes 05/01/2011 N/A N/A N/A N/A N/A
111 Yes 04/01/2010 N/A N/A N/A N/A N/A
112 No 06/01/2005 11/01/2009 N/A N/A N/A N/A
113 No 04/01/2005 01/01/2010 N/A N/A N/A N/A
114 Yes 04/01/2010 N/A N/A N/A N/A N/A
115 Yes 03/01/2010 N/A N/A N/A N/A N/A
116 Yes 12/01/2009 N/A N/A N/A N/A N/A
117 Yes 03/01/2010 N/A N/A N/A N/A N/A
118 Yes 12/01/2009 N/A N/A N/A N/A N/A
119 Yes 12/01/2009 N/A N/A N/A N/A N/A
120 Yes 03/01/2010 N/A N/A N/A N/A N/A
121 Yes 01/01/2010 N/A N/A N/A Electric 0
122 Yes 02/01/2010 N/A N/A N/A N/A N/A
123 Yes 12/01/2009 N/A N/A N/A N/A N/A
124 Yes 01/01/2010 N/A N/A N/A N/A N/A
125 Yes 02/01/2010 N/A N/A N/A N/A N/A
126 Yes 04/01/2010 N/A N/A N/A N/A N/A
127 Yes 05/01/2010 N/A N/A N/A Electric 0
128 Yes 02/01/2010 N/A N/A N/A N/A N/A
129 No 11/01/2004 03/01/2020 N/A N/A Electric/Gas 0
130 Yes 03/01/2010 N/A N/A N/A N/A N/A
131 Yes 06/01/2010 N/A N/A N/A N/A N/A
132 Yes 09/01/2009 N/A N/A N/A N/A N/A
133 Yes 12/01/2009 N/A N/A N/A N/A N/A
134 Yes 12/01/2009 N/A N/A N/A Electric 0
135 Yes 03/01/2010 N/A N/A N/A Electric 0
136 Yes 02/01/2020 N/A N/A N/A N/A N/A
137 Yes 11/01/2009 N/A N/A N/A N/A N/A
138 Yes 06/01/2010 N/A N/A N/A Electric 0
139 Yes 11/01/2009 N/A N/A N/A N/A N/A
140 No N/A 02/01/2010 N/A N/A N/A N/A
141 Yes 04/01/2010 N/A N/A
141a N/A Electric 0
141b N/A Electric 0
142 No 09/01/2003 06/01/2009 N/A N/A N/A N/A
143 No 01/01/2004 10/01/2009 N/A N/A N/A N/A
144 Yes 02/01/2010 N/A N/A N/A N/A N/A
145 No 04/01/2005 12/01/2009 N/A N/A Electric 0
146 Yes 06/01/2009 N/A N/A N/A N/A N/A
147 Yes 03/01/2010 N/A N/A N/A N/A N/A
148 Yes 01/01/2010 N/A N/A N/A None 0
149 No 01/01/2003 10/01/2009 N/A N/A N/A N/A
150 No N/A 03/01/2010 N/A N/A Electric 1
151 Yes 08/01/2009 N/A N/A N/A Electric/Gas 0
152 Yes 04/01/2010 N/A N/A N/A N/A N/A
153 Yes 02/01/2010 N/A N/A N/A N/A N/A
154 Yes 01/01/2010 N/A N/A N/A Electric 0
155 Yes 01/01/2012 N/A N/A N/A N/A N/A
156 Yes 04/01/2010 N/A N/A N/A N/A N/A
157 Yes 02/01/2010 N/A N/A N/A Electric 0
158 Yes 02/01/2010 N/A N/A N/A N/A N/A
159 Yes 02/01/2010 N/A N/A N/A N/A N/A
160 Yes 12/01/2009 N/A N/A N/A N/A N/A
161 No N/A 03/01/2010 N/A N/A N/A N/A
162 No 06/01/2005 02/01/2010 N/A N/A Electric/Water/Sewer 0
163 Yes 01/01/2010 N/A N/A N/A Electric 1
164 Yes 01/01/2010 N/A N/A N/A Electric/Water/Sewer 0
165 Yes 09/01/2009 N/A N/A N/A N/A N/A
166 Yes 01/01/2010 N/A N/A N/A N/A N/A
167 Yes 01/01/2012 N/A N/A N/A N/A N/A
168 Yes 04/01/2010 N/A N/A N/A Electric 0
169 Yes 04/01/2010 N/A N/A N/A Electric 0
170 Yes 04/01/2009 N/A N/A N/A N/A N/A
171 No 07/01/2005 03/01/2010 N/A N/A N/A N/A
172 Yes 03/01/2010 N/A N/A N/A N/A N/A
173 Yes 01/01/2009 N/A N/A N/A N/A N/A
174 Yes 01/01/2010 N/A N/A N/A Electric 0
175 Yes 01/01/2010 N/A N/A N/A Electric 1
176 No N/A 03/01/2010 N/A N/A Electric/Water/Sewer 0
177 Yes 01/01/2010 N/A N/A N/A N/A N/A
178 Yes 12/01/2009 N/A N/A N/A N/A N/A
179 Yes 01/01/2010 N/A N/A N/A N/A N/A
180 Yes 03/01/2009 N/A N/A
180a N/A Electric 0
180b N/A Electric 0
181 No 11/01/2004 07/01/2009 N/A N/A N/A N/A
182 Yes 02/01/2010 N/A N/A N/A N/A N/A
183 Yes 05/01/2010 N/A N/A N/A N/A N/A
184 No 08/01/2003 05/01/2010 N/A N/A Electric 0
185 No 07/01/2005 03/01/2007 N/A N/A N/A N/A
186 Yes 09/01/2009 N/A N/A N/A Electric/Gas 0
187 Yes 03/01/2010 N/A N/A N/A N/A N/A
188 Yes 03/01/2010 N/A N/A N/A Electric 0
189 Yes 03/01/2010 N/A N/A N/A N/A N/A
190 Yes 12/01/2009 N/A N/A N/A Electric 0
191 Yes 12/01/2009 N/A N/A N/A N/A N/A
192 Yes 03/01/2010 N/A N/A N/A Electric/Gas 0
193 Yes 10/01/2009 N/A N/A N/A N/A N/A
194 Yes 04/01/2010 N/A N/A N/A Electric 0
195 Yes 04/01/2010 N/A N/A N/A Electric/Gas 0
196 Yes 02/01/2010 N/A N/A N/A Electric 0
197 Yes 01/01/2010 N/A N/A N/A Electric 0
198 Yes 08/01/2009 N/A N/A
198a N/A Electric/Gas/Sewer 0
198b N/A Electric/Gas/Water/Sewer 0
198c N/A Electric/Gas/Water/Sewer 0
199 Yes 04/01/2010 N/A N/A N/A N/A N/A
200 Yes 03/01/2010 N/A N/A N/A N/A N/A
201 Yes 02/01/2010 N/A N/A N/A Electric 0
202 No 07/01/2005 03/01/2010 N/A N/A N/A N/A
203 No 05/01/2005 01/01/2010 N/A N/A N/A N/A
204 Yes 02/01/2010 N/A N/A N/A Electric 0
205 Yes 02/01/2010 N/A N/A N/A N/A N/A
206 Yes 03/01/2010 N/A N/A N/A Electric 0
207 Yes 05/01/2010 N/A N/A N/A N/A N/A
208 No 07/01/2005 03/01/2010 N/A N/A N/A N/A
209 Yes 04/01/2010 N/A N/A N/A N/A N/A
210 Yes 04/01/2010 N/A N/A N/A N/A N/A
211 Yes 04/01/2010 N/A N/A N/A N/A N/A
212 Yes 02/01/2010 N/A N/A N/A Electric 0
213 No 08/01/2005 04/01/2010 N/A N/A Electric 0
214 No 08/01/2005 04/01/2010 N/A N/A Electric 0
215 No 10/01/2004 06/01/2009 N/A N/A N/A N/A
216 Yes 01/01/2010 N/A N/A N/A Electric 0
217 No 10/01/2004 06/01/2009 N/A N/A N/A N/A
218 Yes 02/01/2010 N/A N/A N/A Electric/Gas 0
219 Yes 03/01/2010 N/A N/A N/A Electric 0
220 Yes 02/01/2010 N/A N/A N/A Electric/Gas 0
221 Yes 02/01/2010 N/A N/A N/A Electric 0
222 Yes 03/01/2010 N/A N/A N/A N/A N/A
223 No 07/01/2005 03/01/2010 N/A N/A N/A N/A
224 No 07/01/2005 03/01/2010 N/A N/A N/A N/A
225 No 05/01/2005 01/01/2010 N/A N/A Electric 0
226 No 05/01/2005 01/01/2010 N/A N/A None 0
227 Yes 04/01/2010 N/A N/A N/A N/A N/A
228 Yes 12/01/2009 N/A N/A N/A N/A N/A
229 Yes 01/01/2010 N/A N/A N/A Electric 0
230 Yes 12/01/2009 N/A N/A N/A None 0
231 No 06/01/2005 02/01/2010 N/A N/A N/A N/A
232 No 05/01/2005 01/01/2010 N/A N/A Electric/Water/Sewer 0
Total
/Weighted
Average:
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Subject Subject Subject Subject Subject Subject Subject Subject Subject Subject Subject Subject
Studio Studio Studio 1 BR 1 BR 1 BR 2 BR 2 BR 2 BR 3 BR 3 BR 3 BR
# Units Avg. Rent Max. Rent Units Avg. Rent Max. Rent Units Avg. Rent Max. Rent Units Avg. Rent Max. Rent
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
2 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
4
4a N/A N/A N/A N/A N/A N/A 1184 $426 $515 N/A N/A N/A
4b N/A N/A N/A 312 $469 $610 48 $716 $760 N/A N/A N/A
5 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
6
6a 125 $385 $460 763 $489 $655 195 $653 $850 N/A N/A N/A
6b N/A N/A N/A N/A N/A N/A 168 $417 $475 N/A N/A N/A
7 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
8 N/A N/A N/A 787 $807 $995 116 $997 $1,410 N/A N/A N/A
9 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
10 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
11 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
12 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
13 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
14
14a N/A N/A N/A 80 $596 $600 144 $688 $720 64 $800 $875
14b 40 $414 $415 72 $545 $573 74 $643 $691 20 $754 $770
15 N/A N/A N/A N/A N/A N/A 53 $761 $1,080 80 $1,056 $1,185
16 30 $552 $610 60 $636 $725 96 $948 $1,180 36 $1,520 $1,650
17 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
18 N/A N/A N/A 128 $683 $715 200 $823 $850 N/A N/A N/A
19 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
20 N/A N/A N/A 294 $806 $930 74 $974 $980 N/A N/A N/A
21 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
22 4 $735 $745 94 $851 $875 82 $971 $1,100 12 $1,137 $1,165
23 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
24 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
25 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
26 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
27 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
28 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
29 64 $594 $665 115 $655 $670 61 $783 $810 N/A N/A N/A
30 N/A N/A N/A 93 $636 $702 127 $751 $801 N/A N/A N/A
31 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
32 N/A N/A N/A 240 $473 $575 64 $637 $715 N/A N/A N/A
33 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
34 N/A N/A N/A 88 $573 $650 120 $734 $795 N/A N/A N/A
35 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
36 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
37 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
38 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
39 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
40 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
41 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
42 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
43 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
44 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
45 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
46 N/A N/A N/A 120 $594 $633 84 $687 $725 N/A N/A N/A
47 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
48 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
49 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
50 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
51 92 $474 $535 96 $515 $590 84 $644 $720 N/A N/A N/A
52 N/A N/A N/A N/A N/A N/A 192 $558 $620 N/A N/A N/A
53 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
54 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
55 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
56 72 $394 $675 174 $481 $650 95 $671 $800 45 $830 $950
57 9 $739 $1,250 3 $867 $1,100 40 $851 $2,100 10 $1,074 $1,150
58
58a N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
58b N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
58c N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
59 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
60 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
61 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
62
62a N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
62b N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
62c N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
62d N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
63 N/A N/A N/A 224 $390 $500 56 $519 $555 N/A N/A N/A
64 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
65 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
66 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
67 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
68 N/A N/A N/A 48 $462 $469 128 $567 $694 N/A N/A N/A
69 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
70 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
71 N/A N/A N/A 266 $370 $530 60 $505 $565 N/A N/A N/A
72 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
73 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
74 N/A N/A N/A 100 $567 $639 52 $673 $739 16 $830 $875
75 N/A N/A N/A 90 $499 $565 116 $654 $685 10 $803 $815
76 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
77 N/A N/A N/A 66 $424 $475 66 $583 $630 149 $631 $693
78 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
79 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
80 N/A N/A N/A 12 $515 $530 108 $582 $630 N/A N/A N/A
81 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
82 N/A N/A N/A N/A N/A N/A 168 $540 $540 N/A N/A N/A
83 36 $365 $365 128 $436 $525 48 $589 $630 12 $755 $755
84 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
85 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
86 N/A N/A N/A 120 $386 $410 80 $490 $545 N/A N/A N/A
87 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
88 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
89 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
90 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
91 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
92 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
93 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
94 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
95 80 $432 $465 80 $526 $550 N/A N/A N/A N/A N/A N/A
96 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
97 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
98 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
99 N/A N/A N/A 116 $512 $530 N/A N/A N/A N/A N/A N/A
100 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
101 N/A N/A N/A 16 $479 $479 72 $539 $539 32 $598 $598
102 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
103 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
104 22 $414 $440 40 $531 $550 37 $629 $650 6 $862 $1,050
105 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
106 N/A N/A N/A 2 $1,400 $1,400 22 $1,749 $1,800 N/A N/A N/A
107 N/A N/A N/A 86 $729 $825 8 $928 $935 N/A N/A N/A
108 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
109 N/A N/A N/A 40 $386 $410 128 $414 $445 32 $445 $490
110 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
111 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
112 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
113 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
114 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
115 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
116 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
117 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
118 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
119 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
120 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
121 N/A N/A N/A 96 $538 $695 N/A N/A N/A N/A N/A N/A
122 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
123 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
124 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
125 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
126 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
127 N/A N/A N/A 8 $375 $375 32 $463 $485 48 $519 $553
128 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
129 N/A N/A N/A 96 $377 $435 80 $418 $535 8 $454 $535
130 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
131 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
132 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
133 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
134 N/A N/A N/A 66 $388 $510 71 $498 $600 N/A N/A N/A
135 N/A N/A N/A N/A N/A N/A 65 $654 $700 3 $755 $775
136 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
137 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
138 N/A N/A N/A 38 $553 $575 42 $672 $700 N/A N/A N/A
139 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
140 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
141
141a N/A N/A N/A 8 $425 $425 48 $475 $475 8 $550 $550
141b N/A N/A N/A 16 $375 $375 16 $425 $425 N/A N/A N/A
142 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
143 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
144 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
145 N/A N/A N/A N/A N/A N/A 78 $463 $575 N/A N/A N/A
146 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
147 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
148 N/A N/A N/A 7 $403 $450 58 $541 $600 7 $646 $685
149 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
150 22 $414 $520 56 $539 $695 1 $695 $695 N/A N/A N/A
151 8 $298 $320 16 $357 $380 112 $401 $440 N/A N/A N/A
152 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
153 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
154 16 $373 $400 40 $459 $470 24 $548 $600 N/A N/A N/A
155 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
156 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
157 3 $550 $625 N/A N/A N/A 30 $888 $1,000 N/A N/A N/A
158 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
159 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
160 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
161 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
162 N/A N/A N/A N/A N/A N/A 52 $520 $560 N/A N/A N/A
163 2 $375 $400 39 $508 $560 13 $657 $695 N/A N/A N/A
164 N/A N/A N/A N/A N/A N/A 80 $544 $560 N/A N/A N/A
165 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
166 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
167 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
168 8 $365 $370 48 $431 $490 24 $506 $600 N/A N/A N/A
169 10 $331 $350 38 $366 $400 2 $400 $420 N/A N/A N/A
170 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
171 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
172 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
173 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
174 N/A N/A N/A 68 $387 $495 40 $493 $550 N/A N/A N/A
175 2 $455 $515 43 $480 $570 15 $640 $695 N/A N/A N/A
176 N/A N/A N/A 6 $393 $400 66 $485 $500 N/A N/A N/A
177 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
178 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
179 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
180
180a N/A N/A N/A N/A N/A N/A 52 $603 $650 N/A N/A N/A
180b N/A N/A N/A 17 $462 $500 15 $656 $745 6 $749 $827
181 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
182 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
183 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
184 N/A N/A N/A 37 $494 $535 18 $633 $675 N/A N/A N/A
185 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
186 5 $349 $399 47 $347 $449 12 $452 $469 N/A N/A N/A
187 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
188 N/A N/A N/A N/A N/A N/A 42 $647 $675 N/A N/A N/A
189 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
190 N/A N/A N/A 29 $445 $475 31 $541 $575 N/A N/A N/A
191 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
192 N/A N/A N/A 2 $518 $550 46 $544 $625 4 $625 $625
193 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
194 N/A N/A N/A 29 $347 $375 29 $439 $500 N/A N/A N/A
195 N/A N/A N/A N/A N/A N/A 48 $432 $450 N/A N/A N/A
196 1 $450 $450 11 $585 $605 17 $703 $785 5 $787 $830
197 3 $476 $519 27 $477 $525 10 $595 $600 N/A N/A N/A
198
198a N/A N/A N/A 17 $405 $465 10 $474 $490 N/A N/A N/A
198b N/A N/A N/A 11 $373 $390 N/A N/A N/A N/A N/A N/A
198c N/A N/A N/A 11 $385 $425 N/A N/A N/A N/A N/A N/A
199 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
200 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
201 N/A N/A N/A N/A N/A N/A 40 $490 $525 N/A N/A N/A
202 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
203 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
204 N/A N/A N/A 8 $471 $480 24 $565 $580 N/A N/A N/A
205 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
206 N/A N/A N/A N/A N/A N/A 28 $474 $485 8 $595 $610
207 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
208 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
209 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
210 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
211 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
212 N/A N/A N/A N/A N/A N/A 32 $500 $550 N/A N/A N/A
213 18 $292 $315 9 $359 $395 N/A N/A N/A N/A N/A N/A
214 2 $275 $280 9 $324 $350 4 $431 $450 N/A N/A N/A
215 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
216 N/A N/A N/A 16 $379 $381 16 $456 $456 N/A N/A N/A
217 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
218 N/A N/A N/A 22 $499 $508 N/A N/A N/A N/A N/A N/A
219 7 $417 $450 25 $509 $550 3 $663 $675 N/A N/A N/A
220 N/A N/A N/A N/A N/A N/A N/A N/A N/A 8 $1,158 $1,200
221 N/A N/A N/A 36 $405 $450 N/A N/A N/A N/A N/A N/A
222 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
223 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
224 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
225 N/A N/A N/A 15 $334 $350 N/A N/A N/A N/A N/A N/A
226 N/A N/A N/A 12 $435 $475 N/A N/A N/A N/A N/A N/A
227 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
228 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
229 N/A N/A N/A 16 $291 $300 24 $380 $515 N/A N/A N/A
230 N/A N/A N/A 12 $376 $380 28 $479 $480 N/A N/A N/A
231 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
232 N/A N/A N/A N/A N/A N/A 12 $604 $640 N/A N/A N/A
Total
/Weighted
Average:
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Subject Subject Subject Major Major Major
4 BR 4 BR 4 BR Tenant #1 Tenant #1 Tenant #1 Lease
# Units Avg. Rent Max. Rent Name Sq. Ft. Expiration Date
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1 N/A N/A N/A Omnicom Group, Inc. 316,995 12/31/2010
2 N/A N/A N/A Wal-Mart 149,429 10/25/2016
3 N/A N/A N/A Hercules, Inc. 532,974 05/31/2013
4
4a N/A N/A N/A N/A N/A N/A
4b N/A N/A N/A N/A N/A N/A
5 N/A N/A N/A Network Associates, Inc. 208,368 03/31/2013
6
6a N/A N/A N/A N/A N/A N/A
6b N/A N/A N/A N/A N/A N/A
7 N/A N/A N/A Barnes & Noble 26,702 11/01/2013
8 N/A N/A N/A N/A N/A N/A
9 N/A N/A N/A L.A. Care 100,966 04/01/2001
10 N/A N/A N/A Kmart (Ground Lease) 86,479 11/30/2017
11 N/A N/A N/A Best Buy 45,745 01/31/2015
12 N/A N/A N/A Poly-Foam International 143,400 03/31/2009
13 N/A N/A N/A GMH Enterprises 181,350 04/30/2011
14
14a N/A N/A N/A N/A N/A N/A
14b N/A N/A N/A N/A N/A N/A
15 60 $1,177 $1,350 N/A N/A N/A
16 18 $1,861 $2,080 N/A N/A N/A
17 N/A N/A N/A Suffolk County Dist. Attorney 54,091 12/06/2013
18 N/A N/A N/A N/A N/A N/A
19 N/A N/A N/A Cort Furniture 37,052 01/15/2015
20 N/A N/A N/A N/A N/A N/A
21 N/A N/A N/A Amtrak 22,704 12/31/2006
22 N/A N/A N/A N/A N/A N/A
23 N/A N/A N/A N/A N/A N/A
24 N/A N/A N/A N/A N/A N/A
25 N/A N/A N/A N/A N/A N/A
26 N/A N/A N/A Regency Warehousing & Distribution, Inc. 258,096 12/08/2014
27 N/A N/A N/A Albertson's 57,949 04/24/2020
28 N/A N/A N/A N/A N/A N/A
29 N/A N/A N/A N/A N/A N/A
30 N/A N/A N/A N/A N/A N/A
31 N/A N/A N/A Cobalt Group 76,073 12/31/2005
32 N/A N/A N/A N/A N/A N/A
33 N/A N/A N/A Fabri-Centers of America, Inc. 18,067 10/31/2002
34 N/A N/A N/A N/A N/A N/A
35 N/A N/A N/A Kmart 99,433 01/31/2024
36 N/A N/A N/A Toys R Us 48,770 01/31/2011
37 N/A N/A N/A Kmart 97,527 01/31/2024
38 N/A N/A N/A Department of Protective Services - State of Texas 68,883 08/31/2003
39 N/A N/A N/A AMES-#2217 78,823 10/31/2008
40 N/A N/A N/A Kmart 109,441 06/28/2020
41 N/A N/A N/A Collective Technologies/PSA 30,295 06/13/2005
42 N/A N/A N/A EVSX, Inc. 26,428 08/31/2003
43 N/A N/A N/A N/A N/A N/A
44 N/A N/A N/A Publix Super Market #05 47,955 04/30/2015
45 N/A N/A N/A Giant Eagle, Inc. 49,109 09/30/2015
46 N/A N/A N/A N/A N/A N/A
47 N/A N/A N/A N/A N/A N/A
48 N/A N/A N/A N/A N/A N/A
49 N/A N/A N/A e-talk corporation 45,000 02/28/2005
50 N/A N/A N/A Wal-Mart 105,855 09/30/2007
51 N/A N/A N/A N/A N/A N/A
52 N/A N/A N/A N/A N/A N/A
53 N/A N/A N/A Kmart of Texas L.P. 119,000 09/01/2025
54 N/A N/A N/A GE 64,745 02/28/2020
55 N/A N/A N/A Pony Express 230,000 12/30/2014
56 N/A N/A N/A N/A N/A N/A
57 2 $963 $975 N/A N/A N/A
58
58a N/A N/A N/A Edwards Theatres Management 8,812 06/30/2005
58b N/A N/A N/A Vintage Senior Housing, LLC 2,526 12/31/2001
58c N/A N/A N/A Gerald Phillips 3,732 08/31/2005
59 N/A N/A N/A N/A N/A N/A
60 N/A N/A N/A Larry's Market 60,939 08/30/2015
61 N/A N/A N/A Kmart Corp. 87,407 03/31/2005
62
62a N/A N/A N/A Firestone Tire 5,729 01/31/2003
62b N/A N/A N/A Fit Health Club 6,903 06/30/2004
62c N/A N/A N/A Firestone Tire 5,729 02/28/2008
62d N/A N/A N/A Smokin Tom's Bar-B-Q 3,700 06/30/2001
63 N/A N/A N/A N/A N/A N/A
64 N/A N/A N/A Flowserve Corporation 24,188 12/17/2008
65 N/A N/A N/A Zanders 64,000 05/31/2005
66 N/A N/A N/A N/A N/A N/A
67 N/A N/A N/A Summit Bank 87,597 12/31/2011
68 N/A N/A N/A N/A N/A N/A
69 N/A N/A N/A Nash Finch 60,000 05/25/2019
70 N/A N/A N/A N/A N/A N/A
71 N/A N/A N/A N/A N/A N/A
72 N/A N/A N/A Hobby Lobby 66,416 05/31/2005
73 N/A N/A N/A Employers Reinsurance Corp. 28,737 12/31/2003
74 N/A N/A N/A N/A N/A N/A
75 N/A N/A N/A N/A N/A N/A
76 N/A N/A N/A VG Supermarket 33,413 11/01/2009
77 N/A N/A N/A N/A N/A N/A
78 N/A N/A N/A N/A N/A N/A
79 N/A N/A N/A Kmart 89,815 01/01/2007
80 N/A N/A N/A N/A N/A N/A
81 N/A N/A N/A The Blue Iguana 3,977 09/09/2005
82 N/A N/A N/A N/A N/A N/A
83 N/A N/A N/A N/A N/A N/A
84 N/A N/A N/A Florida Computer School 30,000 07/01/2009
85 N/A N/A N/A N/A N/A N/A
86 N/A N/A N/A N/A N/A N/A
87 N/A N/A N/A Harry's Farmers Market 20,281 05/01/2009
88 N/A N/A N/A N/A N/A N/A
89 N/A N/A N/A N/A N/A N/A
90 N/A N/A N/A MGC Communications 9,784 11/30/2002
91 N/A N/A N/A Xceed, Inc. 15,200 01/01/2005
92 N/A N/A N/A Sports & Orthopedic Therapy 3,689 07/31/2007
93 N/A N/A N/A Kmart 85,808 08/31/2017
94 N/A N/A N/A Banana Republic 14,853 07/31/2014
95 N/A N/A N/A N/A N/A N/A
96 N/A N/A N/A Staples 24,049 09/24/2014
97 N/A N/A N/A N/A N/A N/A
98 N/A N/A N/A Petsmart 25,239 02/28/2015
99 N/A N/A N/A N/A N/A N/A
100 N/A N/A N/A Health Clubs of America 7,200 07/31/2006
101 N/A N/A N/A N/A N/A N/A
102 N/A N/A N/A B&H Eng. 13,564 12/31/2015
103 N/A N/A N/A N/A N/A N/A
104 N/A N/A N/A N/A N/A N/A
105 N/A N/A N/A Bruno's, Inc. 60,000 12/21/2014
106 N/A N/A N/A N/A N/A N/A
107 N/A N/A N/A N/A N/A N/A
108 N/A N/A N/A N/A N/A N/A
109 N/A N/A N/A N/A N/A N/A
110 N/A N/A N/A Michaels Stores, Inc. 69,917 10/31/2011
111 N/A N/A N/A Office Depot 30,177 03/31/2015
112 N/A N/A N/A CVS #1089 10,125 01/31/2020
113 N/A N/A N/A CVS #419 10,125 01/13/2018
114 N/A N/A N/A N/A N/A N/A
115 N/A N/A N/A N/A N/A N/A
116 N/A N/A N/A Summit Bank 36,184 12/31/2011
117 N/A N/A N/A Office Depot, Inc. 30,000 12/31/2014
118 N/A N/A N/A N/A N/A N/A
119 N/A N/A N/A N/A N/A N/A
120 N/A N/A N/A Murray's Discount Auto Stores 8,000 06/30/2008
121 N/A N/A N/A N/A N/A N/A
122 N/A N/A N/A Eckerds 10,908 05/13/2019
123 N/A N/A N/A Purple Tie.com, Inc. 17,277 09/30/2002
124 N/A N/A N/A Tractor Supply Company 19,050 04/12/2013
125 N/A N/A N/A Eckerds 10,908 03/31/2019
126 N/A N/A N/A Office Depot 25,434 06/30/2014
127 N/A N/A N/A N/A N/A N/A
128 N/A N/A N/A Great Valu 25,000 12/31/2017
129 N/A N/A N/A N/A N/A N/A
130 N/A N/A N/A Eckerd 10,908 06/14/2020
131 N/A N/A N/A ACE Hardware 25,500 12/31/2015
132 N/A N/A N/A Morris Hall Mailing Service 7,091 MTM
133 N/A N/A N/A Eckerds 11,397 03/31/2009
134 N/A N/A N/A N/A N/A N/A
135 N/A N/A N/A N/A N/A N/A
136 N/A N/A N/A Coomes Dudek, Inc. 7,089 01/31/2010
137 N/A N/A N/A Jaffe Eye Institute 7,473 04/30/2012
138 N/A N/A N/A N/A N/A N/A
139 N/A N/A N/A Stevens Appliance 5,448 03/31/2001
140 N/A N/A N/A State of Florida 17,600 03/31/2002
141
141a N/A N/A N/A N/A N/A N/A
141b N/A N/A N/A N/A N/A N/A
142 N/A N/A N/A Office Max #1053 23,500 01/31/2020
143 N/A N/A N/A Office Max #1152 23,500 01/31/2021
144 N/A N/A N/A N/A N/A N/A
145 N/A N/A N/A N/A N/A N/A
146 N/A N/A N/A PetCo Animal Supplies Inc #9 15,000 04/30/2014
147 N/A N/A N/A Smile Dental Center 3,312 01/31/2005
148 N/A N/A N/A N/A N/A N/A
149 N/A N/A N/A K-Mart #7517 68,337 03/31/2007
150 N/A N/A N/A N/A N/A N/A
151 N/A N/A N/A N/A N/A N/A
152 N/A N/A N/A N/A N/A N/A
153 N/A N/A N/A N/A N/A N/A
154 N/A N/A N/A N/A N/A N/A
155 N/A N/A N/A Knead Bread, LLC 3,960 10/31/2004
156 N/A N/A N/A N/A N/A N/A
157 N/A N/A N/A N/A N/A N/A
158 N/A N/A N/A Rego's Hunt Road Market 15,000 02/28/2010
159 N/A N/A N/A Merchant's Tire 6,264 08/23/2019
160 N/A N/A N/A Iteq Storage Systems, Inc. 10,514 04/30/2001
161 N/A N/A N/A N/A N/A N/A
162 N/A N/A N/A N/A N/A N/A
163 N/A N/A N/A N/A N/A N/A
164 N/A N/A N/A N/A N/A N/A
165 N/A N/A N/A Hollywood Video 6,000 03/31/2014
166 N/A N/A N/A Best MSO 11,657 09/30/2002
167 N/A N/A N/A Hollywood Entertainment Corp 4,800 11/17/2009
168 N/A N/A N/A N/A N/A N/A
169 N/A N/A N/A N/A N/A N/A
170 N/A N/A N/A N/A N/A N/A
171 N/A N/A N/A Fulton Food Court 2,400 05/07/2009
172 N/A N/A N/A Pathmark 30,000 02/28/2012
173 N/A N/A N/A Kmart Corporation 108,000 07/01/2002
174 N/A N/A N/A N/A N/A N/A
175 N/A N/A N/A N/A N/A N/A
176 N/A N/A N/A N/A N/A N/A
177 N/A N/A N/A Gymbore 3,143 08/01/2008
178 N/A N/A N/A KAISER Foundation Health Plan 13,955 03/31/2002
179 N/A N/A N/A N/A N/A N/A
180
180a N/A N/A N/A N/A N/A N/A
180b N/A N/A N/A N/A N/A N/A
181 N/A N/A N/A Schlumberger Technology Corporation 14,162 01/01/2004
182 N/A N/A N/A Lockheed Martin 62,419 03/31/2006
183 N/A N/A N/A Food Mart 3,240 05/08/2007
184 N/A N/A N/A N/A N/A N/A
185 N/A N/A N/A CVS #742 Scarsdale 9,400 01/01/2020
186 N/A N/A N/A N/A N/A N/A
187 N/A N/A N/A N/A N/A N/A
188 N/A N/A N/A N/A N/A N/A
189 N/A N/A N/A N/A N/A N/A
190 N/A N/A N/A N/A N/A N/A
191 N/A N/A N/A Rama Llama Comic 3,142 09/30/2004
192 N/A N/A N/A N/A N/A N/A
193 N/A N/A N/A Cumberland Casualty 8,775 05/31/2009
194 N/A N/A N/A N/A N/A N/A
195 N/A N/A N/A N/A N/A N/A
196 N/A N/A N/A N/A N/A N/A
197 N/A N/A N/A N/A N/A N/A
198
198a N/A N/A N/A N/A N/A N/A
198b N/A N/A N/A N/A N/A N/A
198c N/A N/A N/A N/A N/A N/A
199 N/A N/A N/A N/A N/A N/A
200 N/A N/A N/A Southland Corp. (7-Eleven) 2,738 05/31/2002
201 N/A N/A N/A N/A N/A N/A
202 N/A N/A N/A Winn Dixie #133 29,371 10/28/2007
203 N/A N/A N/A Partners in Housing 2,125 10/30/2001
204 N/A N/A N/A N/A N/A N/A
205 N/A N/A N/A Fashion Bug 9,600 01/01/2004
206 N/A N/A N/A N/A N/A N/A
207 N/A N/A N/A HealthEast Med Home, Ltd. 5,834 07/14/2001
208 N/A N/A N/A Goodwill Industries 10,000 05/31/2004
209 N/A N/A N/A N/A N/A N/A
210 N/A N/A N/A N/A N/A N/A
211 N/A N/A N/A Gator Fire 8,000 09/30/2004
212 N/A N/A N/A N/A N/A N/A
213 N/A N/A N/A N/A N/A N/A
214 N/A N/A N/A N/A N/A N/A
215 N/A N/A N/A Dr. Brown 5,255 09/30/2000
216 N/A N/A N/A N/A N/A N/A
217 N/A N/A N/A The Howard Group 3,000 04/30/2001
218 N/A N/A N/A N/A N/A N/A
219 N/A N/A N/A N/A N/A N/A
220 N/A N/A N/A N/A N/A N/A
221 N/A N/A N/A N/A N/A N/A
222 N/A N/A N/A Carbon Products 18,000 10/31/2002
223 N/A N/A N/A N/A N/A N/A
224 N/A N/A N/A N/A N/A N/A
225 N/A N/A N/A N/A N/A N/A
226 N/A N/A N/A N/A N/A N/A
227 N/A N/A N/A HPI Printing 2,675 03/31/2005
228 N/A N/A N/A Liberty Cleaners 2,379 06/08/2006
229 N/A N/A N/A N/A N/A N/A
230 N/A N/A N/A N/A N/A N/A
231 N/A N/A N/A Intestate Electric 12,800 06/30/2002
232 N/A N/A N/A N/A N/A N/A
Total
/Weighted
Average:
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Major Major Major
Tenant #2 Tenant #2 Tenant #2 Lease
# Name Sq. Ft. Expiration Date
----------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 N/A N/A N/A
2 N/A N/A N/A
3 N/A N/A N/A
4
4a N/A N/A N/A
4b N/A N/A N/A
5 N/A N/A N/A
6
6a N/A N/A N/A
6b N/A N/A N/A
7 Wild Oats 23,570 04/01/2019
8 N/A N/A N/A
9 N/A N/A N/A
10 Food 4 Less 52,640 12/31/2010
11 Linens 'n Things 09 36,009 01/31/2015
12 American National Can 139,703 11/30/2018
13 Polyfoam International, Inc. (Style Crest) 126,250 04/30/2014
14
14a N/A N/A N/A
14b N/A N/A N/A
15 N/A N/A N/A
16 N/A N/A N/A
17 Town Sports 17,531 01/31/2015
18 N/A N/A N/A
19 Bally's Total Fitness 25,106 10/14/2014
20 N/A N/A N/A
21 ACS of D.C., Inc. 9,650 05/14/2009
22 N/A N/A N/A
23 N/A N/A N/A
24 N/A N/A N/A
25 N/A N/A N/A
26 Ryder Integrated Logistics, Inc. 85,904 06/30/2005
27 Sav-On 15,638 04/24/2020
28 N/A N/A N/A
29 N/A N/A N/A
30 N/A N/A N/A
31 Starbucks 17,046 12/31/2006
32 N/A N/A N/A
33 Factory 2 U 15,600 12/04/2008
34 N/A N/A N/A
35 N/A N/A N/A
36 Goody's Family Clothing 40,000 04/30/2008
37 N/A N/A N/A
38 Department of Human Resources - State of Texas 40,845 08/31/2003
39 Penn Traffic Company 37,915 12/31/2009
40 N/A N/A N/A
41 Edelman/GTT 6,968 08/31/2004
42 Profutures, Inc. 6,445 09/30/2003
43 N/A N/A N/A
44 S &S Cafeterias 9,600 06/30/2010
45 Fashion Bug 9,600 09/30/2005
46 N/A N/A N/A
47 N/A N/A N/A
48 N/A N/A N/A
49 Entact Partners, LLC 15,340 03/31/2005
50 Marshall's 32,000 11/30/2008
51 N/A N/A N/A
52 N/A N/A N/A
53 N/A N/A N/A
54 Freda's 8,450 05/31/2010
55 Verdant 180,000 11/15/2004
56 N/A N/A N/A
57 N/A N/A N/A
58
58a Spa Gregories (Arbaji) 5,207 09/30/2007
58b N/A N/A N/A
58c Pendleton & Neville 1,217 MTM
59 N/A N/A N/A
60 N/A N/A N/A
61 Shop Rite Supermarket 33,072 03/31/2005
62
62a K-9 University Academy 4,906 05/31/2003
62b Dr. Norton Animal Hospital 2,831 09/30/2007
62c Polo Press Cleaners 2,000 01/31/2003
62d Alpha Graphics 2,470 08/31/2001
63 N/A N/A N/A
64 Olsten Health Services, Inc. 17,901 02/28/2005
65 Schindler 53,340 02/14/2015
66 N/A N/A N/A
67 N/A N/A N/A
68 N/A N/A N/A
69 N/A N/A N/A
70 N/A N/A N/A
71 N/A N/A N/A
72 Crafter's Mall 14,250 07/31/2006
73 First Excess and Reinsurance 22,578 10/31/2003
74 N/A N/A N/A
75 N/A N/A N/A
76 Fashion Bug 10,125 10/01/2010
77 N/A N/A N/A
78 N/A N/A N/A
79 Harris Teeter 29,280 03/01/2004
80 N/A N/A N/A
81 Alliance Bank (Pad Site) 3,818 07/31/2008
82 N/A N/A N/A
83 N/A N/A N/A
84 Beverly's Pet Store 14,752 07/31/2001
85 N/A N/A N/A
86 N/A N/A N/A
87 David Long Interiors 6,940 11/01/2004
88 N/A N/A N/A
89 N/A N/A N/A
90 Quantim Link 8,043 02/01/2003
91 Intellysis Group, Inc. 6,523 11/01/2004
92 Pediatric Associates 2,757 01/31/2003
93 N/A N/A N/A
94 N/A N/A N/A
95 N/A N/A N/A
96 N/A N/A N/A
97 N/A N/A N/A
98 Staples 25,000 06/30/2014
99 N/A N/A N/A
100 Wooden Key 6,000 01/31/2005
101 N/A N/A N/A
102 RHI 13,564 12/31/2015
103 N/A N/A N/A
104 N/A N/A N/A
105 N/A N/A N/A
106 N/A N/A N/A
107 N/A N/A N/A
108 N/A N/A N/A
109 N/A N/A N/A
110 N/A N/A N/A
111 N/A N/A N/A
112 Tommy K Video 1210 A 4,500 11/15/2004
113 Hollywood Videos 7,500 06/09/2007
114 N/A N/A N/A
115 N/A N/A N/A
116 N/A N/A N/A
117 N/A N/A N/A
118 N/A N/A N/A
119 N/A N/A N/A
120 Pet Supplies Plus 7,530 11/30/2004
121 N/A N/A N/A
122 N/A N/A N/A
123 Northwestern Title Company 3,600 07/14/2006
124 Advanced Auto Parts 7,200 04/19/2005
125 N/A N/A N/A
126 Women's Aerobic Center 8,375 08/31/2002
127 N/A N/A N/A
128 CVS 8,775 01/31/2006
129 N/A N/A N/A
130 N/A N/A N/A
131 N/A N/A N/A
132 Praise Chapel 6,048 MTM
133 N/A N/A N/A
134 N/A N/A N/A
135 N/A N/A N/A
136 Dietz Organization 6,971 12/31/2011
137 BankAtlantic 3,525 07/31/2002
138 N/A N/A N/A
139 Southampton Hospital (Sports) 4,344 03/31/2005
140 Rachael Internatl 3,200 08/31/2000
141
141a N/A N/A N/A
141b N/A N/A N/A
142 N/A N/A N/A
143 N/A N/A N/A
144 N/A N/A N/A
145 N/A N/A N/A
146 The Mattress Firm 5,002 03/31/2004
147 Circle K 3,024 06/30/2003
148 N/A N/A N/A
149 N/A N/A N/A
150 N/A N/A N/A
151 N/A N/A N/A
152 N/A N/A N/A
153 N/A N/A N/A
154 N/A N/A N/A
155 Neighborhood Dry Cleaners 2,160 12/31/2004
156 N/A N/A N/A
157 N/A N/A N/A
158 N/A N/A N/A
159 Watkin's Mill Beer & Wine 2,012 12/31/2009
160 Enerva Corporation 4,041 10/31/2004
161 N/A N/A N/A
162 N/A N/A N/A
163 N/A N/A N/A
164 N/A N/A N/A
165 Taylor Family Dentist 2,863 09/30/2006
166 N/A N/A N/A
167 Mango's Inc. 3,600 01/31/2005
168 N/A N/A N/A
169 N/A N/A N/A
170 N/A N/A N/A
171 Atlantic Professional Mgt. 1,600 04/30/2003
172 N/A N/A N/A
173 N/A N/A N/A
174 N/A N/A N/A
175 N/A N/A N/A
176 N/A N/A N/A
177 N/A N/A N/A
178 National Mentor Healthcare Inc 3,154 08/31/2001
179 N/A N/A N/A
180
180a N/A N/A N/A
180b N/A N/A N/A
181 Appraisal Company of Alaska 2,389 02/01/2004
182 N/A N/A N/A
183 Hot Pho (Minh Chung) 2,350 05/31/2002
184 N/A N/A N/A
185 N/A N/A N/A
186 N/A N/A N/A
187 N/A N/A N/A
188 N/A N/A N/A
189 N/A N/A N/A
190 N/A N/A N/A
191 Dry Clean Express 2,000 04/30/2002
192 N/A N/A N/A
193 Qualex 2,450 05/31/2009
194 N/A N/A N/A
195 N/A N/A N/A
196 N/A N/A N/A
197 N/A N/A N/A
198
198a N/A N/A N/A
198b N/A N/A N/A
198c N/A N/A N/A
199 N/A N/A N/A
200 Dry Clean USA 2,190 10/31/2003
201 N/A N/A N/A
202 B.C. Moore & Sons 14,605 09/16/2005
203 Comstock & Associates 1,950 10/14/2000
204 N/A N/A N/A
205 American Rental 4,000 06/01/2001
206 N/A N/A N/A
207 Tom Thumb 3,750 10/31/2001
208 Shape Up Shack 8,700 07/31/2004
209 N/A N/A N/A
210 N/A N/A N/A
211 Courtesy Collision, Inc 5,285 01/01/2008
212 N/A N/A N/A
213 N/A N/A N/A
214 N/A N/A N/A
215 ITE 1,834 12/14/2000
216 N/A N/A N/A
217 White Mtn Ins. 2,962 04/30/2001
218 N/A N/A N/A
219 N/A N/A N/A
220 N/A N/A N/A
221 N/A N/A N/A
222 H.A. Denunzio 18,000 09/30/2003
223 N/A N/A N/A
224 N/A N/A N/A
225 N/A N/A N/A
226 N/A N/A N/A
227 Lotus International 1,900 09/30/2004
228 Chanell's 2,084 04/30/2001
229 N/A N/A N/A
230 N/A N/A N/A
231 Auto Kleen, Inc. 4,800 06/30/2002
232 N/A N/A N/A
Total
/Weighted
Average:
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Major Major Major
Tenant #3 Tenant #3 Tenant #3 Lease
# Name Sq. Ft. Expiration Date
-------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 N/A N/A N/A
2 N/A N/A N/A
3 N/A N/A N/A
4
4a N/A N/A N/A
4b N/A N/A N/A
5 N/A N/A N/A
6
6a N/A N/A N/A
6b N/A N/A N/A
7 Bed, Bath & Beyond, Inc. 21,127 12/01/2009
8 N/A N/A N/A
9 N/A N/A N/A
10 N/A N/A N/A
11 Petsmart, Inc. 26,040 01/31/2015
12 Poly-Foam International, Inc. (Style Crest) 76,464 04/30/2014
13 Poly-Foam International, Inc. (Style Crest) 100,272 04/30/2009
14
14a N/A N/A N/A
14b N/A N/A N/A
15 N/A N/A N/A
16 N/A N/A N/A
17 N/A N/A N/A
18 N/A N/A N/A
19 Chandler Library 21,475 01/31/2020
20 N/A N/A N/A
21 Cambrian Communications 6,769 05/07/2010
22 N/A N/A N/A
23 N/A N/A N/A
24 N/A N/A N/A
25 N/A N/A N/A
26 N/A N/A N/A
27 Blockbuster 4,800 07/31/2010
28 N/A N/A N/A
29 N/A N/A N/A
30 N/A N/A N/A
31 N/A N/A N/A
32 N/A N/A N/A
33 N/A N/A N/A
34 N/A N/A N/A
35 N/A N/A N/A
36 The Gap Inc. 25,000 05/31/2005
37 N/A N/A N/A
38 N/A N/A N/A
39 J.C. Penney Company 34,471 09/01/2004
40 N/A N/A N/A
41 N/A N/A N/A
42 N/A N/A N/A
43 N/A N/A N/A
44 Pier 1 Imports Store #31 9,550 12/31/2004
45 CVS 8,450 10/31/2005
46 N/A N/A N/A
47 N/A N/A N/A
48 N/A N/A N/A
49 Rockwell Collins, Inc. 13,000 02/28/2005
50 N/A N/A N/A
51 N/A N/A N/A
52 N/A N/A N/A
53 N/A N/A N/A
54 United States Postal Service 6,463 02/13/2019
55 N/A N/A N/A
56 N/A N/A N/A
57 N/A N/A N/A
58
58a N/A N/A N/A
58b N/A N/A N/A
58c Gary Hamilton 1,067 06/30/2005
59 N/A N/A N/A
60 N/A N/A N/A
61 N/A N/A N/A
62
62a Desperado's Mexican Restaurant 4,200 MTM
62b Hill Park Cleaners 2,200 06/08/2002
62c Uncle Chow's 1,820 06/30/2001
62d Quizno's 2,080 06/30/2006
63 N/A N/A N/A
64 Electronic Data Systems 15,525 01/12/2004
65 N/A N/A N/A
66 N/A N/A N/A
67 N/A N/A N/A
68 N/A N/A N/A
69 N/A N/A N/A
70 N/A N/A N/A
71 N/A N/A N/A
72 N/A N/A N/A
73 Bates Turner, LLC 12,819 10/31/2003
74 N/A N/A N/A
75 N/A N/A N/A
76 Blockbuster Video 8,640 01/01/2006
77 N/A N/A N/A
78 N/A N/A N/A
79 N/A N/A N/A
80 N/A N/A N/A
81 Tosco Corp. (dba Mobil) 2,273 09/30/2003
82 N/A N/A N/A
83 N/A N/A N/A
84 New Life Assembly Church 10,594 09/30/2004
85 N/A N/A N/A
86 N/A N/A N/A
87 N/A N/A N/A
88 N/A N/A N/A
89 N/A N/A N/A
90 N/A N/A N/A
91 Restore Therapeutics 6,270 04/01/2003
92 Friedland & Singh, M.D. 2,707 10/31/2009
93 N/A N/A N/A
94 N/A N/A N/A
95 N/A N/A N/A
96 N/A N/A N/A
97 N/A N/A N/A
98 N/A N/A N/A
99 N/A N/A N/A
100 Blockbuster Video 5,000 01/31/2006
101 N/A N/A N/A
102 SamTrans/Peninsula Corridor 9,800 05/23/2001
103 N/A N/A N/A
104 N/A N/A N/A
105 N/A N/A N/A
106 N/A N/A N/A
107 N/A N/A N/A
108 N/A N/A N/A
109 N/A N/A N/A
110 N/A N/A N/A
111 N/A N/A N/A
112 Soap Box 1210 C 3,150 02/27/2010
113 Rentway 3,135 09/27/2004
114 N/A N/A N/A
115 N/A N/A N/A
116 N/A N/A N/A
117 N/A N/A N/A
118 N/A N/A N/A
119 N/A N/A N/A
120 World of Floors 6,150 10/31/2004
121 N/A N/A N/A
122 N/A N/A N/A
123 Corporate America Family Credit Union 2,445 07/31/2004
124 Sherwin Williams 4,500 07/26/2003
125 N/A N/A N/A
126 Arhaus Furniture 7,500 11/30/2003
127 N/A N/A N/A
128 N/A N/A N/A
129 N/A N/A N/A
130 N/A N/A N/A
131 N/A N/A N/A
132 N/A N/A N/A
133 N/A N/A N/A
134 N/A N/A N/A
135 N/A N/A N/A
136 N/A N/A N/A
137 Jewish Family Services 2,896 02/28/2001
138 N/A N/A N/A
139 Southampton Hospital (Primary) 3,804 03/31/2001
140 Secret Products 3,000 07/31/2001
141
141a N/A N/A N/A
141b N/A N/A N/A
142 N/A N/A N/A
143 N/A N/A N/A
144 N/A N/A N/A
145 N/A N/A N/A
146 N/A N/A N/A
147 Orthodonic Center 2,270 12/31/2002
148 N/A N/A N/A
149 N/A N/A N/A
150 N/A N/A N/A
151 N/A N/A N/A
152 N/A N/A N/A
153 N/A N/A N/A
154 N/A N/A N/A
155 Omnipoint Communication 1,800 10/31/2004
156 N/A N/A N/A
157 N/A N/A N/A
158 N/A N/A N/A
159 CitiFinancial 1,555 09/30/2004
160 N/A N/A N/A
161 N/A N/A N/A
162 N/A N/A N/A
163 N/A N/A N/A
164 N/A N/A N/A
165 Country Wide 2,416 07/31/2004
166 N/A N/A N/A
167 Neighborhood Dry Cleaning Co 3,000 09/30/2004
168 N/A N/A N/A
169 N/A N/A N/A
170 N/A N/A N/A
171 Dr. Niderman 1,100 03/19/2001
172 N/A N/A N/A
173 N/A N/A N/A
174 N/A N/A N/A
175 N/A N/A N/A
176 N/A N/A N/A
177 N/A N/A N/A
178 Washington Mutual Bank 2,978 09/23/2003
179 N/A N/A N/A
180
180a N/A N/A N/A
180b N/A N/A N/A
181 Meridian Management, Inc. 1,721 12/01/2004
182 N/A N/A N/A
183 No Bull Saloon (Flight's Pub) 2,343 02/21/2006
184 N/A N/A N/A
185 N/A N/A N/A
186 N/A N/A N/A
187 N/A N/A N/A
188 N/A N/A N/A
189 N/A N/A N/A
190 N/A N/A N/A
191 Accident & Injury 1,900 06/30/2001
192 N/A N/A N/A
193 Cumberland Mgt 1,575 05/31/2009
194 N/A N/A N/A
195 N/A N/A N/A
196 N/A N/A N/A
197 N/A N/A N/A
198
198a N/A N/A N/A
198b N/A N/A N/A
198c N/A N/A N/A
199 N/A N/A N/A
200 American TKA Martial Arts, Inc. 2,182 09/30/2004
201 N/A N/A N/A
202 CVS #7294-01 (REVCO) 8,450 08/31/2004
203 Zeeso's 1,750 07/31/2003
204 N/A N/A N/A
205 Cellular One 2,800 07/01/2004
206 N/A N/A N/A
207 Prometheus Communications, Inc 2,392 03/31/2001
208 Mt. Moka 1,200 05/31/2005
209 N/A N/A N/A
210 N/A N/A N/A
211 Extreme Hummer, LLC 2,745 08/08/2002
212 N/A N/A N/A
213 N/A N/A N/A
214 N/A N/A N/A
215 Dr. Nelson 1,710 06/30/2004
216 N/A N/A N/A
217 Interim Health Care 1,962 12/31/2000
218 N/A N/A N/A
219 N/A N/A N/A
220 N/A N/A N/A
221 N/A N/A N/A
222 Star Steel 12,000 08/30/2002
223 N/A N/A N/A
224 N/A N/A N/A
225 N/A N/A N/A
226 N/A N/A N/A
227 Midwest Diversified 1,225 04/30/2002
228 Chateau Le Pat 2,049 10/31/2000
229 N/A N/A N/A
230 N/A N/A N/A
231 J10 2,400 03/31/2003
232 N/A N/A N/A
Total
/Weighted
Average:
</TABLE>
<PAGE>
(1) The Underlying Mortgage Loan secured by Hercules Plaza follows the
following amortization schedule:
Payments 1-92 are based on a 239 month amortization of principal
Payments 93-152 are based on a 60 month amortization of principal
(2A) The Underlying Mortgage Loans secured by Poly Foam and Poly-Foam
International, Inc. are cross-collateralized and cross-defaulted,
respectively.
(2B) The Underlying Mortgage Loans secured by Radisson Inn Harbourwalk and
Radisson Suite Hotel are cross-collateralized and cross-defaulted,
respectively.
(2C) The Underlying Mortgage Loans secured by Crystal Mountain Office Park and
Lake Pointe Center II are cross-collateralized and cross-defaulted,
respectively.
(2D) The Underlying Mortgage Loans secured by Winder Village Manufactured
Housing Community and Russell Village Manufactured Housing Community are
cross-collateralized and cross-defaulted, respectively.
(2E) The Underlying Mortgage Loans secured by Lakedale Apartments and Liberty
Apartments are cross-collateralized and cross-defaulted, respectively.
(2F) The Underlying Mortgage Loans secured by 1137 North 13th Street Apartments
and 949-969 North 27th Street are cross-collateralized and cross-defaulted,
respectively.
(2G) The Underlying Mortgage Loans secured by North Gate Apartments and Salem
Apartments are cross-collateralized and cross-defaulted, respectively.
(3) Does not include the hotel properties.
(4) In the case of cross-collateralized and cross-defaulted Underlying Mortgage
Loans, the combined LTV is presented for each and every related Underlying
Mortgage Loan.
(5) At maturity with respect to Balloon 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 appraisal value.
(6) Underwritten NCF reflects the Net Cash Flow after U/W Replacement Reserves,
U/W LC's and TI's and U/W FF&E.
(7) U/W DSCR is based on the amount of the monthly payments presented. In the
case of cross-collateralized and cross-defaulted Underlying Mortgage Loans
the combined U/W DSCR is presented for each and every related Underlying
Mortgage Loan.
(8) Assumes a Cut-off Date of November 1, 2000.
(9) In the case of the ARD Loans, the anticipated repayment date is assumed to
be the maturity date for the purposes of the indicated column.
(10) In the case of Loans with Interest Only Periods, the monthly payment
presented herein reflects the amount due during the respective amortization
terms.
(11) Anticipated Repayment Date.
(12) 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
A% (x) = A% Prepayment Penalty of Unpaid Principal Balance for x years
O (x) = Prepayable at par for x years
(13) "Yes" means that defeasance is permitted notwithstanding the Lockout
Period.
