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Previous: LASALLE REAL ESTATE SECURITIES FUND INC, N-1A EL, 1997-09-23 |
Next: DEUTSCHE PORTFOLIOS, N-8A, 1997-09-23 |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report: September 22, 1997
(Date of earliest event reported)
Asset Securitization Corporation
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 33-49370 13-3672337
- --------------------------------------------------------------------------------
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
Two World Financial Center, Building B, New York, New York 10281
- --------------------------------------------------------------------------------
Address of Principal Executive Office
Registrant's telephone number, including area code: (212) 667-9300
<PAGE>
Item 5. Other Events.
Attached as Exhibit 99.1 to this Current Report are certain materials (the
"Collateral and Structural Term Sheets") furnished to the Registrant by Nomura
Securities International, Inc. (the "Underwriter"), the underwriter in respect
of the Registrant's Commercial Mortgage Pass-Through Certificates, Series
1997-D5 (the "Certificates"). The Certificates are being offered pursuant to a
Prospectus and related Prospectus Supplement (together, the "Prospectus"), which
will be filed with the Commission pursuant to Rule 424(b)(5) under the
Securities Act of 1933, as amended (the "Act"). The Certificates have been
registered pursuant to the Act under a Registration Statement on Form S-3 (No.
33-99502) (the "Registration Statement"). The Registrant hereby incorporates the
Collateral and Structural Term Sheets by reference in the Registration
Statement.
The Collateral and Structural Term Sheets were prepared solely by the
Underwriter, and the Registrant did not prepare or participate in the
preparation of the Collateral/Structural Term Sheets.
Any statement or information contained in the Collateral and Structural
Term Sheets shall be deemed to be modified or superseded for purposes of the
Prospectus and the Registration Statement by statements or information contained
in the Prospectus.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit 99.1 Collateral and Structural Term Sheets.
<PAGE>
Pursuant to the requirements of the Securities Act of 1934, the Registrant
has duly caused this report to be signed on behalf of the Registrant by the
undersigned thereunto duly authorized.
ASSET SECURITIZATION CORPORATION
By: /s/ Perry Gershon
-------------------
Perry Gershon
Managing Director
Date: September 22, 1997
ASC 1997-D5-$1,700,000,000
Structural & Collateral Term Sheet
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and 9/19/97 prospectus supplement (the "Final Prospectus")
relating to the securities referred to herein in making their investment
decision. This Structural and Collateral Term Sheet does not include all
relevant information relating to the securities and collateral described herein,
particularly with respect to the risks and special considerations associated
with an investment in such securities. All structure and collateral information
contained herein is preliminary and it is anticipated that such information will
change. Any information contained herein will be more fully described in, and
will be fully superseded by, the description of the collateral and structure in
the prospectus supplement and Final Prospectus. Although the information
contained in this Structural and Collateral Term Sheet is based on sources which
Nomura Securities International, Inc. ("Nomura") believes to be reliable, Nomura
makes no representation or warranty that such information is accurate or
complete. Such information should not be viewed as projections, forecasts,
predications or opinions with respect to value, the actual rate or timing of
principal payments or prepayments on the underlying assets or the performance
characteristics of the securities. Nomura and its affiliates may in the future
have a position in the securities discussed herein and may purchase or sell the
same on a principal basis or as agent for another person. In addition, Nomura
may act as an underwriter of such securities, and Nomura and certain of its
affiliates may currently be providing investment banking and other services to
the issuer of such securities and the borrowers described herein and their
affiliates. Prior to making any investment decision, a prospective investor
shall receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
<TABLE>
<CAPTION>
Properties
Loan Name Property Name Loan Primary Address City State Zip DSCR Term LTV
--------- ------------- Amount Type ------- ---- --------- ---- ---- ---
------ ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Not Yet Closed 6,500,000 Warehouse Pottstown PA 1.40 300 58%
Not Yet Closed 2,800,000 Retail Houston TX 77049 1.60 360 65%
Not Yet Closed 45,000,000 Office New York NY 10022 1.74 518 46%
Not Yet Closed 14,500,000 Office Menands NY 12204 1.47 300 51%
Not Yet Closed Prop 17 1,382,711 Multifamily Cincinnati OH 45206 1.29 360 80%
Not Yet Closed Prop 16 1,628,787 Multifamily Cincinnati OH 45238 1.29 360 80%
Not Yet Closed Prop 15 2,289,343 Multifamily Cincinnati OH 45223 1.29 360 80%
Not Yet Closed Prop 14 2,567,436 Multifamily Cincinnati OH 45224 1.29 360 80%
Not Yet Closed Prop 13 2,725,642 Multifamily Cincinnati OH 45209 1.29 360 80%
Not Yet Closed Prop 12 2,761,165 Multifamily Dayton OH 45410 1.29 360 80%
Not Yet Closed Prop 11 3,510,381 Multifamily Cincinnati OH 45212 1.29 360 80%
Not Yet Closed Prop 10 3,764,085 Multifamily Dallas TX 75240 1.29 360 80%
Not Yet Closed Prop 9 4,116,811 Multifamily Cincinnati OH 45238 1.29 360 80%
Not Yet Closed Prop 8 4,776,291 Multifamily Cincinnati OH 45229 1.29 360 80%
Not Yet Closed Prop 7 4,856,833 Multifamily Cincinnati OH 45231 1.29 360 80%
Not Yet Closed Prop 6 5,408,490 Multifamily Cincinnati OH 45227 1.29 360 80%
Not Yet Closed Prop 5 6,464,949 Multifamily Erlanger KY 41018 1.29 360 80%
Not Yet Closed Prop 4 6,644,413 Multifamily Dallas TX 75231 1.29 360 80%
Not Yet Closed Prop 3 7,974,568 Multifamily Mt. Healthy OH 45231 1.29 360 80%
Not Yet Closed Prop 2 10,020,384 Multifamily Cincinnati OH 45211 1.29 360 80%
Not Yet Closed Prop 1 19,107,712 Multifamily Cincinnati OH 45238 1.29 360 80%
Not Yet Closed NYC Hotel 12,680,000 Hotel New York NY 10036 1.41 300 46%
Not Yet Closed Prop 3 7,500,000 Multifamily Waco TX 76710 1.30 360 80%
Not Yet Closed Prop 2 7,900,000 Multifamily Waco TX 76706 1.30 360 80%
Not Yet Closed Prop 1 8,600,000 Multifamily Waco TX 76708 1.30 360 80%
Not Yet Closed 6,300,000 Multifamily Hoover AL 35216 1.19 336 76%
Not Yet Closed 1,792,913 Hotel Cobleskill NY 12043 1.74 300 67%
Not Yet Closed 2,139,330 Hotel Auburn NY 13021 1.74 300 67%
Not Yet Closed 3,445,566 Hotel Oneonta NY 13820 1.74 300 67%
Not Yet Closed 4,272,411 Hotel Waterloo NY 13165 1.74 300 67%
Not Yet Closed 18,700,000 Retail Houston TX 1.22 360 89%
Not Yet Closed 18,700,000 Retail Houston TX 1.22 360 89%
Not Yet Closed 7,400,000 Multifamily Lexington KY 40517 1.29 360 80%
Not Yet Closed 14,400,000 Office Providence RI 02908 1.25 360 80%
Not Yet Closed 2,800,000 Multifamily Suitland MD 20746 1.37 300 58%
Not Yet Closed 2,700,000 Multifamily Baytown TX 77521 1.30 360 84%
Not Yet Closed 3,865,000 Retail Van Buren AR 72957 1.74 360 80%
Not Yet Closed 2,000,000 Hotel Olive Branch MS 38654 1.51 300 63%
Not Yet Closed 9,350,000 Hotel Atlantic NC 28512 1.43 240 59%
Beach
Not Yet Closed 4,500,000 Office Cerritos CA 90703 1.46 300 85%
Not Yet Closed 7,500,000 Office Southfield MI 1.35 300 73%
Not Yet Closed 973,185 Industrial Oakland NJ 07436 1.30 300 74%
Not Yet Closed 1,081,279 Industrial Fair Lawn NJ 07410 1.30 300 74%
Not Yet Closed 2,592,310 Industrial Fair Lawn NJ 07410 1.30 300 74%
Not Yet Closed 3,731,072 Industrial Fair Lawn NJ 07410 1.30 300 74%
Not Yet Closed 5,272,373 Industrial Fair Lawn NJ 07410 1.30 300 74%
Not Yet Closed 6,117,178 Industrial Oakland NJ 07436 1.30 300 74%
Not Yet Closed 511,050 Office Oakland NJ 07436 1.30 300 74%
Not Yet Closed 2,187,016 Office Fair Lawn NJ 07410 1.30 300 74%
Not Yet Closed 7,366,782 Office Oakland NJ 07436 1.30 300 74%
Not Yet Closed 15,675,700 Office Wayne NJ 07470 1.30 300 74%
Not Yet Closed 7,500,000 Office Cambridge MA 1.31 300 66%
Not Yet Closed 2,500,000 Multifamily Bellevue NE 68005 1.26 324 74%
Not Yet Closed 2,125,000 Retail Frederick MD 21702 1.46 300 66%
Not Yet Closed 110,000,000 Office Newark NJ 07102 1.28 293 79%
Not Yet Closed 9,695,552 Credit Norwalk CT 1.00 240 65%
Lease
Not Yet Closed 2,463,835 Retail Jacksonville NC 28546 1.29 360 70%
Not Yet Closed 710,094 Hotel Hyannis MA 2601 1.67 300 66%
Not Yet Closed 787,826 Hotel Falmouth MA 2540 1.67 300 66%
Not Yet Closed 1,308,263 Hotel S. Yarmouth MA 2664 1.67 300 66%
Not Yet Closed 1,991,176 Hotel Annapolis MD 21401 1.67 300 66%
Not Yet Closed 3,055,868 Hotel Dallas TX 75240 1.67 300 66%
Not Yet Closed 3,737,365 Hotel Coral Gables FL 33134 1.67 300 66%
Not Yet Closed 3,780,486 Hotel Warner GA 31093 1.67 300 66%
Robbins
Not Yet Closed 4,984,438 Hotel Rockland MA 2370 1.67 300 66%
Not Yet Closed 7,317,519 Hotel Key West FL 33040 1.67 300 66%
Not Yet Closed 7,816,968 Hotel Minnetonka MN 55305 1.67 300 66%
Not Yet Closed 18,000,000 Office Cambridge MA 02139 1.38 300 64%
Not Yet Closed 4,195,000 Retail Farmville VA 23901 1.25 360 79%
Not Yet Closed 11,100,000 Retail Roseburg OR 97470 1.28 360 79%
Not Yet Closed 4,040,000 Retail Zebulon NC 27597 1.39 360 76%
Not Yet Closed 1,500,000 Credit Rock Island IL 1.56 234 60%
Lease
Not Yet Closed 350,000 MHP Wattsburg PA 1.52 300 71%
Not Yet Closed 395,000 MHP Punxsutawney PA 15767 1.52 300 71%
Not Yet Closed 850,000 MHP Valencia PA 16059 1.52 300 71%
Not Yet Closed 1,120,000 MHP Corry PA 16407 1.52 300 71%
Not Yet Closed 4,122,500 Multifamily Hopewell VA 23860 1.26 360 77%
Not Yet Closed 2,007,046 Retail MD 1.50 360 61%
Not Yet Closed 2,094,047 Retail MD 1.50 360 61%
Not Yet Closed 5,638,844 Retail MD 1.50 360 61%
Not Yet Closed 8,148,475 Retail VA 1.50 360 61%
Not Yet Closed 8,851,382 Retail MD 1.50 360 61%
Not Yet Closed 9,735,965 Retail MD 1.50 360 61%
Not Yet Closed 22,117,738 Retail MD 1.50 360 61%
Not Yet Closed 23,250,960 Retail NC 1.50 360 61%
Not Yet Closed 42,425,632 Retail VA 1.50 360 61%
101 Lucas Valley Road 101 Lucas Valley Road 3,259,000 Office 101 Lucas Valley San Rafael CA 94903 1.35 300 61%
Rd
14 Walkup Drive 14 Walkup Drive 3,480,000 Industrial 14 Walkup Drive Westborough MA 05181 1.32 300 62%
160 State Street 160 State Street 3,130,000 Office 160 State Street Boston MA 02109 1.29 300 70%
30 Oak Hollow (Bosc) 30 Oak Hollow 9,975,000 Office 30 Oak Hollow Southfield MI 48034 1.37 360 74%
Drive
5 & 7 East 17th Street 5 & 7 East 17th Street 4,725,000 Office 5 & 7 East 17th New York NY 10003 1.55 300 64%
St
Alderman Plaza Alderman Plaza 4,000,000 Retail 3533 Highway 19N Palm Harbor FL 34684 1.30 360 71%
Am South Am South 57,205,555 Office 1901 Sixth Avenue Birmingham AL 35203 1.31 360 68%
Amberson Plaza Amberson Plaza 4,200,000 Multifamily 5030 Centre Pittsburgh PA 15213 1.39 300 70%
Avenue
Amherst (aka Cliffside 8,200,000 Multifamily 248 Amherst Road Sunderland MA 01375 1.21 360 74%
northland/boulders)
Amherst (aka Boulders 9,800,000 Multifamily 188 East Hadley Amherst MA 01002 1.21 360 74%
northland/boulders) Rd
Argosy Apartments Argosy Apartments 8,800,000 Multifamily 1003 Justin Lane Austin TX 78757 1.19 360 79%
Avalon Center Avalon Center 2,830,000 Retail 20220 Avalon Blvd Carson CA 90746 1.53 300 54%
AVCO Center Corp. AVCO Center 12,600,000 Office 10850 Wilshire Westwood CA 90024 1.28 324 54%
Blvd.
Benstein Business Center Benstein Business 1,600,000 Industrial 1006 Benstein Rd Walled Lake MI 48390 1.38 300 67%
Center
Best Western - Old Best Western - Old 2,555,000 Hotel 1849 Hwy. 45 Jackson TN 38035 1.63 240 76%
Hickory Inn Hickory Inn Bypass
Best Western Needles Best Western - 1,800,000 Hotel 2371 West Needles CA 92363 1.39 240 67%
(Colorado River Inn) Needles (Colorado Broadway
River Inn)
Blaisdell Apartments 2200 Blaisdell 3,000,000 Multifamily 2200 Blaisdell Minneapolis MN 55404 1.53 300 75%
Apartments Road
Brainard Medical Building Brainard Medical 13,458,000 Office 29001 Cedar Road Lyndhurst OH 44124 1.41 300 71%
Building
Bridgeport Suite Bridgeport Suite 1,850,000 Multifamily 330 West 3rd Bridgeport PA 19405 1.64 300 54%
Apartments Apartments Street
Brittany Place Brittany Place 18,584,000 Multifamily 8501 Green Belt Greenbelt MD 20770 1.45 360 77%
Rd.
Broadway Shopping Center Broadway Shopping 2,200,000 Retail Broadway & 47th Wichita KS 67216 1.47 324 73%
Center St.
Carlton Place Carlton Place 1,600,000 Multifamily 6464 E WT Harris Charlotte NC 28205 1.25 300 80%
Bl
Cherry Hill MHP Cherry Hill MHP 2,980,000 Mobile 2917 West 19th Kennewick WA 99337 1.27 360 73%
Home Park Avenue
Circle Marina Shopping Circle Marina Shop 11,275,000 Office 4542 PCH Hwy Long Beach CA 90804 1.29 300 75%
Center Center
Circuit City - California Circuit City - 4,264,831 Credit 905 Playa Ave. Sand City CA 93955 1.00 265 97%
California Lease
Circuit City - Michigan Circuit City - 4,943,327 Credit 14105 Hall Rd. Shelby MI 48315 1.00 265 97%
Michigan Lease Township
Circuit City - Circuit City - 4,264,831 Credit 5800 Carlisle Hampden PA 1.00 265 97%
Pennsylvania Pennsylvania Lease Place Township
Circuit City - Tennessee Circuit City - 5,621,823 Credit 2206 Hamilton Chattanooga TN 37421 1.00 265 97%
Tennessee Lease Place Blvd.
Clematis Corridor 218-230 Clematis 1,663,000 Retail 218-230 Clematis Palm Beach FL 33401 1.49 300 61%
Portfolio St.
Clematis Corridor 330 Clematis 1,847,000 Retail 330 Clematis West Palm FL 33401 1.49 300 61%
Portfolio Street Beach
Comsat-A Comsat 47,800,000 Credit 22300 Comsat Clarksburg MD 20871 1.00 300 62%
Lease Drive
Coral Hills Apartments Coral Hills Apartments 3,950,000 Multifamily 6363 Beverly Hill Houston TX 77057 1.50 360 79%
Creekside Business Mall Creekside Business 3,100,000 Office 1475 Bascom Campbell CA 95008 1.54 300 69%
Office Bldg Mall Avenue
Crescent Manor Apartments Crescent Manor 1,014,000 Multifamily 1744 Crescent Waterford MI 48054 1.40 300 68%
Apartments Lake Township
Cressona Mall Cressona Mall 6,547,000 Retail Route 61 Pottsville PA 17901 1.26 300 78%
Crystal Park Plaza Crystal Park Plaza 3,504,000 Office 2700 Highway 6 College TX 77845 1.37 324 67%
East Station
Days Inn - Monterey Days Inn - Monterey 1,900,000 Hotel 1288 Munras Monterey CA 93940 1.63 300 45%
Avenue
Dayton Mall Dayton Mall 61,500,000 Retail 2700 Route 725 Dayton OH 45459 1.31 360 66%
Emerson Mills Apts. Emerson Mill 1,481,000 Multifamily 100 Main Street Pembroke NH 03275 1.30 324 80%
Apartments
First National Bank First National Bank 8,407,000 Office 107 St Francis Mobile AL 36601 1.50 300 67%
Building Bldg. St.
Forest Park MHP Forest Park 1,280,000 MH 27901 Norris Road Bozeman MT 59715 1.41 120 71%
Harbourtown MHP Harbourtown MHP 2,750,000 MHP 6320 Poorman Road Vermillion OH 44128 2.02 360 50%
Township
Healthcare @ Hyde Park Healthcare @ Hyde Park 50,000,000 Healthcare 5800 South Chicago IL 60637 2.12 240 74%
Stoney Island Ave
Holland MHP Holland Mobile Home 1,140,000 MHP 1308 S.W. 21 Lane Ft FL 33312 1.30 180 75%
Park Lauderdale
Hotel Wales Hotel Wales 13,129,129 Hotel 1295 Madison Ave. New York NY 10128 1.49 300 50%
Hungarybrook Shopping Hungarybrook 3,900,000 Retail Brook Rd at Richmond VA 23227 1.36 300 75%
Ctr Shopping Ctr Parham
Huntington Atrium Huntington Atrium 5,200,000 Office 775 Park Avenue Huntington NY 11743 1.61 300 56%
JRK Crossed Multis La Privada Apartments 4,000,000 Multifamily 9030 Betel El Paso TX 79907 1.35 360 72%
JRK Crossed Multis Lake Fairway 4,200,000 Multifamily 1642 Lomaland El Paso TX 79935 1.35 360 72%
Apartments
JRK Crossed Multis The Cliffs of Lakewood 7,200,000 Multifamily 1388 Garrison Lakewood CO 80215 1.35 360 72%
Street
JRK Crossed Multis The Waterways 9,500,000 Multifamily 4937 Waterways Ct Orlando FL 32839 1.35 360 72%
Apartments
JRK Crossed Multis Cliffs at Sixth Avenue 11,100,000 Multifamily 12 S. Holman Way Golden CO 80401 1.35 360 72%
JRK Oceana Hotel JRK Oceana Hotel 11,500,000 Hotel 849 Ocean Avenue Santa Monica CA 90403 1.49 300 64%
K-Mart Plaza Shopping K-Mart Plaza Shopping 3,975,000 Retail 4221 John Marr Annandale VA 22003 1.28 300 80%
Ctr. Ctr. Dr.
K-Mart Store K-Mart Store 2,600,000 Retail 2376 Main St. Billings MT 59105 1.28 174 65%
Keegan and Willow Willow Park Shopping 2,808,600 Retail 14147 NW Frwy Houston TX 77040 1.46 360 73%
Ctr
Keegan and Willow Keegan's Village 3,191,400 Retail 11873 Bissonnet Houston TX 77099 1.46 360 73%
Shopping Center Drive
Kingsbrooke Townhomes Kingsbrooke Townhomes 896,000 Multifamily 3250 Kingsbrooke Jackson MI 49202 1.27 360 67%
Knights Inn - Atlanta Knights Inn - Atlanta 1,800,000 Hotel 5230 South Cobb Smyrna GA 30080 1.56 240 69%
Dr.
Knights Inn - Bridgeville Knights Inn - 1,610,000 Hotel 111 Hickory Bridgeville PA 15017 1.61 240 64%
Bridgeville Grade Road
Lakeview Apartments Lakeview Apartments 2,200,000 Multifamily 3161 Willow Prescott AZ 86301 1.44 360 73%
Creek Rd.
Lancers Center Lancers Center 5,939,000 Retail SC Highway 9 Lancaster SC 29720 1.23 360 74%
LazyLand Mobile Home Lazy Land Mobile Home 1,840,000 MHP 4111 S.W. 25th Fort FL 33317 1.29 360 80%
Park St. Lauderdale
Longwood 6-GSS Green Acres Lodge 1,000,000 Nursing 8101 E. Hill Rosemead CA 91770 2.13 180 53%
Investments Drive
Longwood 6-GSS Shea Convalescent 1,450,000 Nursing 7716 S. Whittier CA 90602 2.13 180 53%
Investments Pickering Ave
Longwood 6-GSS Sunnyview Conv. 1,929,000 Nursing 2000 W. Los Angeles CA 90018 2.13 180 53%
Investments Washington Blvd
Longwood 8-Burlington Burilington 3,573,000 Nursing 845 S. Los Angeles CA 90057 1.97 180 67%
Convalescent Convalescent Burlington Ave.
Los Arcos Apartments Los Arcos 780,000 Multifamily 7440 E. 22nd Tucson AZ 85710 1.32 360 69%
Street
Main Street Galleria Main Street Galleria 4,350,000 Retail 45 East Main Newark DE 19715 1.23 360 73%
Street
Market Square S.C. Market Square S.C. 10,250,000 Retail Route Wilmington DE 19803 1.45 360 72%
202/Concord Pike
Mayhew Tech Center Mayhew Tech Center 4,200,000 Office 9323 Tech Center Sacramento CA 91106 1.35 300 74%
Dr
Mediterranean Apartments Mediterranean 10,075,000 Multifamily 11555 S. Santa Whittier CA 90604 1.21 360 80%
Apartments Gertrude
Milford Plaza Milford Plaza 2,600,000 Retail Nemway Drive Milford MA 01603 1.20 336 68%
Mission Pointe Mission Pointe 1,115,000 Retail 3051 Jet Wing Dr. Colorado CO 80903 1.45 300 71%
Springs
Mission Terrace Office Mission Terrace 1,476,000 Office 1313 S.E. San Antonio TX 78213 1.54 324 69%
Park Office Park Military Dr
North Main Market North Main Market 3,450,000 Retail 1317 North Main Summerville SC 29483 1.29 300 73%
St.
Northland Square Northland Square 1,663,000 Multifamily 4565 Northland Columbus OH 43231 1.46 300 75%
Apartments Apartment Sq.
Oakland Corners Oakland Corners 1,110,000 Retail 4109-4123 E Fort Worth TX 76103 1.43 252 65%
Lancaster Av
One Enterprise Road One Enterprise Road 3,400,000 Warehouse One Enterprise Billerica MA 01821 1.30 312 60%
Road
Park East Apartments Park East Apartments 4,350,000 Multifamily 2022 Kelbourne Baltimore MD 21237 1.44 360 75%
Rd.
Pavillion Apartments Pavilion Apartments 23,900,000 Multifamily 2207 Summerhouse Maryland MO 63146 1.29 360 79%
Dr Heights
PHP Properties Mount Laurel 2,355,293 Office 150 Century Mount Laurel NJ 08054 1.23 198 76%
Parkway
PHP Properties Paramus 2,538,783 Office 80 Eisenhower Paramus NJ 07652 1.23 198 76%
Drive
PHP Properties Burlington 2,617,975 Office 2103 Mount Holly Burlington NJ 08016 1.23 198 76%
Rd
PHP Properties Hamilton 2,633,250 Office 4622 Black Horse Hamilton NJ 08609 1.23 198 76%
Pike
PHP Properties Eatontown 2,895,349 Office 274 Highway 35 Eatontown NJ 07724 1.23 198 76%
PHP Properties Cranford 2,959,350 Office 16 Commerce Cranford NJ 07016 1.23 198 76%
Drive
Pine Grove MHP Pine Grove MHP 3,750,000 MHP 1100 John Rhodes Melbourne FL 32934 1.47 360 74%
Blvd
Pinetree Mobile Home Park Pine Tree Estates 2,400,000 MHP Route 25 Standish ME 04084 1.29 300 75%
Plaza de Ville I&II Plaza de Ville I&II 7,182,000 Multifamily 5903 Eckhert Road San Antonio TX 78240 1.37 360 83%
Pointe O' Woods Pointe O' Woods Apts 2,115,000 Multifamily 4065 Pointe O' Grand Rapids MI 49508 1.52 360 78%
Apartments Woods Dr
Port Royal Plaza Port Royal Plaza 6,500,000 Retail 95 Matthews Drive Hilton Head SC 29926 1.36 300 69%
Queen Anne Hotel Queen Anne Hotel 2,450,000 Hotel 1590 Sutter St. San CA 94109 1.59 300 47%
Francisco
Quioccasin Station Quioccasin Station 4,600,000 Retail Quioccasin Road Richmond VA 23229 1.40 300 74%
Shopping Ctr. & Sterling Drive
Security Square Mall Security Square Mall 36,000,000 Retail 6901Security Baltimore MD 1.34 360 77%
Square Blvd
Seminole Mobile Home Park Seminole Mobile Home 900,000 MHP 5015 Seminole St. FL 33708 1.29 300 75%
Park Blvd Petersburg
Sheraton Ocean City Sheraton Fontainebleau 16,500,000 Hotel 10100 Coastal Hwy Ocean City MD 21842 1.43 300 68%
Sherwood Commons Sherwood Commons 1,120,000 Multifamily 48 Sunny Valley New Milford CT 06776 1.57 300 75%
Rd & 115/125
Fort Hill
Southern Meadows Southern Meadows 19,800,000 Multifamily 100 Terrace Road Bayport NY 11705 1.29 360 76%
St. Gregory Office St. Gregory Office 3,823,000 Office 1101&1111 St. Cincinnati OH 45202 1.36 336 70%
Building Building Gregory
Steeplechase Apartments Steeplechase Apts 6,793,000 Multifamily 305 Lindenhurst Lexington KY 40509 1.43 360 77%
Dr
Steward Towers Steward Towers 2,450,000 Multifamily 200 Fort Meade Laurel MD 20706 1.42 240 61%
Road
Sunset Estates MHP Sunset Estates MHP 2,900,000 MHP 2102 N. Steptoe Kennewick WA 99336 1.24 360 74%
Tampa Plaza Shopping Tampa Plaza Shopping 12,000,000 Retail 8951 Tampa Avenue Los Angeles CA 91324 1.34 360 63%
Plaza Ctr.
The Bellaire The Bellaire 3,500,000 Congregate 12621 Hale Street Riverview MI 48192 1.42 180 69%
Care
The Borgata The Borgata 16,300,000 Retail 6166 North Scottsdale AZ 1.54 360 65%
Scottsdale Road
The Century Building The Century Building 50,775,000 Office 2341 Jefferson Crystal City VA 22202 1.26 360 73%
Davis Hwy
The Diamondhead Building The Diamondhead 3,500,000 Office 200 Sheffield Mountainside NJ 07092 1.51 300 53%
Building Street
The Plaza Shopping Center The Plaza Shopping 7,200,000 Retail Memorial Avenue Lynchburg VA 1.59 300 65%
Center & SW Lakeside
Drive
The Village at Townridge Village at Townridge 3,230,000 Retail 4112 Pleasant Raleigh NC 27612 1.43 300 65%
Valley Road
University Village University Village 929,000 Multifamily 1310,1228,1218 Kalamazoo MI 49006 1.44 300 74%
Apartments II Apartments II CA & 2918 Redwood
Value City - 2560 Value City - 2560 16,321,328 Credit 2560 ValueWay Columbus OH 43224 1.00 239 96%
Valueway Valueway
Value City - 3140 Value City - 1,187,129 Credit 3140 Westerville Westerville OH 43224 1.00 239 97%
Westerville Westerville Lease Rd.
Value City - Alliance Value City - Alliance 2,393,835 Credit 1425 E. State Alliance OH 44601 1.00 239 96%
Lease Street
Value City - Bay Road Value City - Bay Road 8,561,111 Credit 3828 Bay Road Saginaw MI 48605 1.00 239 96%
Crossing Crossing Lease
Value City - Carol Stream Value City - Carol 5,470,928 Credit 1175 N. Gary Carol Stream IL 60188 1.00 239 96%
Stream Lease Avenue
Value City - Euclid Value City - Euclid 2,711,267 Credit 22400 Shore Euclid OH 44123 1.00 239 96%
Lease Center Drive
Value City - Gurnee Value City - Gurnee 4,062,585 Credit 6116 Grand Avenue Gurnee IL 60031 1.00 239 96%
Lease
Value City - Indianapolis Value City - 3,753,044 Credit 6002 E. 38th Indianapolis IN 46226 1.00 239 96%
Indianapolis Lease Street
Wagon Wheel MHP Wagon Wheel MHP 756,000 MHP 1119 North 46th Phoenix AZ 85008 1.41 180 60%
St.
Walnut Hills I & II Walnut Hills I & II 8,750,000 Multifamily 2626 Babcock Road San Antonio TX 78229 1.31 360 75%
Wells Fargo Building Wells Fargo Building 6,500,000 Office 333 Hegenberger Oakland CA 94621 1.50 300 65%
Rd
West Ridge Green MHP West Ridge Green MHP 4,250,000 MHP 9235 West Ridge Elyria OH 44146 1.77 360 57%
Rd
Westchester Key Westchester Key 5,500,000 Multifamily 706 Westchester High Point NC 27262 1.56 360 69%
Apartments Apartment Dr
Western Palms Western Palms MHP 4,820,000 MHP 500 North 67th Phoenix AZ 85043 1.25 360 74%
Ave.
Westin - G.C. Westin Casuarina 50,000,000 Hotel Seven Mile Beach Grand Cayman GC 1.83 240 58%
Resort
Westin Peachtree Hotel Westin Peachtree Plaza 75,000,000 Hotel 210 Peachtree Atlanta GA 30343 1.64 300 54%
Street
Westland Square Westland Square 4,050,000 Retail 4788 West Broad Columbus OH 43228 1.31 300 78%
St.
</TABLE>
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