SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report : May 20, 1998
(Date of earliest event reported)
Commission File No.: 33-80625
NationsLink Funding Corporation
Commercial Mortgage Pass- Through Certificates
Series 1998-1
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
Pending
(I.R.S. Employer Identification No.)
c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way
Frederick, Maryland 21703
(Address of principal executive offices) (Zip Code)
(301) 696-7900
Registrant's Full Telephone Number
(Former name, former address and former fiscal year,
if changed since last report)
ITEM 5. Other Events
On May 20, 1998 a distribution was made to holders of NationsLink Funding
Corporation, Commercial Mortgage Pass-Through Certificates, Series 1998-1
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial Mortgage
Pass-Through Certificates, Series 1998-1, relating to the May 20, 1998
distribution
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NationsLink Funding Corporation
Commercial Mortgage Pass- Through Certificates
Series 1998-1
June 1, 1998 by Norwest Bank Minnesota, N.A., as Trustee
/s/ Sherri J. Sharps, Vice President
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Commercial Mortgage
Pass-Through Certificates, Series 1998-1, relating to the May 20, 1998
distribution
<TABLE>
<CAPTION>
Norwest Bank Minnesota, N. A.
Corporate Trust Services
3 New York Plaza, 15th Floor
New York, NY 10004
NationsLink Funding Corporation
Commercial Mortgage Pass- Through Certificates
Series 1998- 1
For Additional Information, please contact
Leslie Gaskill
(212) 509- 1630
Reports Available on the World Wide Web
@ www. securitieslink. net/ cmbs
Payment Date: 5/20/98
Record Date: 4/30/98
Distribution Date Statement
Table of Contents
STATEMENT SECTIONS PAGE( s)
Certificate Distribution Detail 2
Certificate Factor Detail 3
Other Required Information 4
Ratings Detail 5
Current Mortgage Loan and Property Stratification Tables 6- 8
Mortgage Loan Detail 9- 14
Principal Prepayment Detail 15
Historical Detail 16
Delinquency Loan Detail 17
Specially Serviced Loan Detail 18
Reconciliation Detail 19- 20
Modified Loan Detail 21
Liquidated Loan Detail 22
This report has been compiled from information provided to Norwest by various
third parties, which may include the Servicer, Master Servicer, Special Servicer
and others. Norwest has not independently confirmed the accuracy of information
received from these third parties and assumes no duty to do so. Norwest
expressly disclaims any responsibility for the accuracy or completeness of
information furnished by third parties.
Servicer
Midland Loan Services, L. P.
210 West 10th Street
Kansas City, Missouri 64105
Contact: Brad Hauger
Phone Number: (816) 435- 5175
Special Servicer
Lennar Partners, Inc.
700 N. W. 107th Avenue
Miami, Florida 33172
Contact: Steve Engel
Phone Number: (305) 229- 6407
Underwriter
NationsBanc Montgomery Securities, LLC
NationsBanc Corporate Center
100 North Tryon Street
Charlotte, North Carolina 28255
Contact: Scott Joel
Phone Number: (704) 388- 3023
Copyright 1997, Norwest Bank Minnesota, N. A.
Certificate Distribution Detail
Class CUSIP Pass-Through Original Beginning Principal
Rate Balance Balance Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 63859CAN3 6.484000% 199,017,108.00 198,293,318.58 946,736.19
A-2 63859CAP8 6.425000% 81,648,044.00 81,648,044.00 0.00
A-3 63859CAQ6 6.3950004 33,755,237.00 433,755,237.00 0.00
B 63859CAT0 6.436000% 53,581,529.00 53,581,529.00 0.00
C 63859CAU7 6.648000% 56,133,030.00 56,133,030.00 0.00
D 63859CAV5 6.803000% 48,478,526.00 48,478,526.00 0.00
E 63859CAW3 7.300000% 25,515,013.00 25,515,013.00 0.00
F 63859CAX1 7.050000% 51,030,027.00 51,030,027.00 0.00
G 63859CAY9 5.000000% 10,206,005.00 10,206,005.00 0.00
H 63859CAZ6 5.000000% 25,515,013.00 25,515,013.00 0.00
J 63859CBA0 5.000000% 12,247,206.00 12,247,206.00 0.00
K 63859CBB8 5.000000% 23,473,819.78 23,473,819.78 0.00
R-I N/A 0.000000% 0.00 0.00 0.00
R-II N/A 0.000000% 0.00 0.00 0.00
Totals 1,020,600,557.78 1,019,876,768.36 946,736.19
</TABLE>
<TABLE>
<CAPTION>
Class CUSIP Interest Prepayment Collateral Support Total
Distribution Penalties Deficit Distribution
Allocation/( Reimb)
<S> <C> <C> <C> <C> <C>
A-1 63859CAN3 1,071,444.90 0.00 0.00 2,018,181.09
A-2 63859CAP8 437,157.24 0.00 0.00 437,157.24
A-3 63859CAQ6 2,311,553.95 0.00 0.00 2,311,553.95
B 63859CAT0 287,375.60 0.00 0.00 287,375.60
C 63859CAU7 310,976.99 0.00 0.00 310,976.99
D 63859CAV5 274,832.84 0.00 0.00 274,832.84
E 63859CAW3 155,216.33 0.00 0.00 155,216.33
F 63859CAX1 299,801.41 0.00 0.00 299,801.41
G 63859CAY9 42,525.02 0.00 0.00 42,525.02
H 63859CAZ6 106,312.55 0.00 0.00 106,312.55
J 63859CBA0 51,030.03 0.00 0.00 51,030.03
K 63859CBB8 97,807.58 0.00 0.00 97,807.58
R-I N/A 70.94 0.00 0.00 70.94
R-II N/A 0.00 0.00 0.00 0.00
Totals 5,446,105.38 0.00 0.00 6,392,841.57
</TABLE>
<TABLE>
<CAPTION>
Ending Current
Class CUSIP Balance Subordination
Level (1)
<S> <C> <C> <C>
A-1 63859CAN3 197,346,582.39 30.05%
A-2 63859CAP8 81,648,044.00 30.05%
A-3 63859CAQ6 433,755,237.00 30.05%
B 63859CAT0 53,581,529.00 24.79%
C 63859CAU7 56,133,030.00 19.28%
D 63859CAV5 48,478,526.00 14.52%
E 63859CAW3 25,515,013.00 12.02%
F 63859CAX1 51,030,027.00 7.01%
G 63859CAY9 10,206,005.00 6.01%
H 63859CAZ6 25,515,013.00 3.51%
J 63859CBA0 12,247,206.00 2.30%
K 63859CBB8 23,473,819.78 0.00%
R-I N/A 0.00 0.00%
R-II N/A 0.00 0.00%
Totals 1,018,930,032.17
</TABLE>
<TABLE>
<CAPTION>
Class CUSIP Pass- Through Original Beginning
Rate Notional Notional
Amount Amount
<S> <C> <C> <C> <C>
X-1 63859CAR4 1.120267% 714,348,946.96 713,625,229.92
X-2 63859CAS2 1.171185% 306,149,550.76 306,149,550.76
<FN>
(1) Calculated by taking (A) the sum of the ending certificate balance of all
classes less
</FN>
</TABLE>
<TABLE>
<CAPTION>
Ending
Interest Prepayment Total Notional
Class CUSIP Distribution Penalties Distribution Amount
<S> <C> <C> <C> <C> <C>
X-1 63859CAR4 666,208.74 0.00 666208.74 712,678,588.40
X-2 63859CAS2 298,798.06 0.00 298798.06 306,149,550.76
<FN>
(1)Calculated by taking (A) the sum of the ending certificate balance of all
classes less (B) the sum of (i) the ending certificate balance of the designated
class and (ii) the ending certificate balance of all classes which are not
subordinate to the designated class and dividing the result by (A).
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificate Factor Detail
Class CUSIP Beginning Principal Interest
Balance Distribution Distribution
<S> <C> <C> <C> <C>
A-1 63859CAN3 996.36317989 4.75705933 5.38368239
A-2 63859CAP8 1,000.00000000 0.00000000 5.35416672
A-3 63859CAQ6 1,000.00000000 0.00000000 5.32916667
B 63859CAT0 1,000.00000000 0.00000000 5.36333332
C 63859CAU7 1,000.00000000 0.00000000 5.54000007
D 63859CAV5 1,000.00000000 0.00000000 5.66916659
E 63859CAW3 1,000.00000000 0.00000000 6.08333337
F 63859CAX1 1,000.00000000 0.00000000 5.87500003
G 63859CAY9 1,000.00000000 0.00000000 4.16666659
H 63859CAZ6 1,000.00000000 0.00000000 4.16666650
J 63859CBA0 1,000.00000000 0.00000000 4.16666707
K 63859CBB8 1,000.00000000 0.00000000 4.16666656
R-I N/A 0.00000000 0.00000000 0.00000000
R-II N/A 0.00000000 0.00000000 0.00000000
</TABLE>
<TABLE>
<CAPTION>
Certificate Factor Detail
Prepayment Collateral Support Ending
Class Cusip Penalties Deficit Balance
Allocation/(Reimb)
<S> <C> <C> <C> <C>
A-1 63859CAN3 0.00000000 0.00000000 991.60612057
A-2 63859CAP8 0.00000000 0.00000000 1,000.00000000
A-3 63859CAQ6 0.00000000 0.00000000 1,000.00000000
B 63859CAT0 0.00000000 0.00000000 1,000.00000000
C 63859CAU7 0.00000000 0.00000000 1,000.00000000
D 63859CAV5 0.00000000 0.00000000 1,000.00000000
E 63859CAW3 0.00000000 0.00000000 1,000.00000000
F 63859CAX1 0.00000000 0.00000000 1,000.00000000
G 63859CAY9 0.00000000 0.00000000 1,000.00000000
H 63859CAZ6 0.00000000 0.00000000 1,000.00000000
J 63859CBA0 0.00000000 0.00000000 1,000.00000000
K 63859CBB8 0.00000000 0.00000000 1,000.00000000
R-I N/A 0.00000000 0.00000000 0.00000000
R-II N/A 0.00000000 0.00000000 0.00000000
</TABLE>
<TABLE>
<CAPTION>
Beginnning Ending
Class CUSIP Notional Interest Prepayment Notional
Amount Distribution Penalties Amount
<S> <C> <C> <C> <C> <C>
X-1 63859CAR4 998.98688583 0.93260968 0.00000000 997.66170502
X-2 63859CAS2 1,000.00000000 0.97598726 0.00000000 1,000.00000000
</TABLE>
<TABLE>
<CAPTION>
Other Required Information
<S> <C>
Sec 4.02( a)( iii)
Available Distribution Amount 7,357,848.37
Sec 4.02( a)( xiii)
Principal Distribution Amount 946,736.19
(a) Principal portion of Monthly Payments 946,736.19
and any Assumed Monthly Payments
(b) Principal Prepayments 0.00
(c) Collection of Principal on a Balloon 0.00
Loan after its Stated Maturity Date
(d) Liquidation Proceeds and Insurance
Proceeds received on a Mortgage Loan 0.00
(e) Liquidation Proceeds, Insurance Proceeds,
or REO Revenues received on an REO 0.00
Plus the excess of the prior Principal Distribution
Amount over the principal paid to the Sequential
Pay Certificates 0.00
Sec 4.02( a)( v) and (vi)
Aggregate Number of Outstanding Loans 201
Aggregate Stated Principal Balance of the Mortgage
Pool before distribution 1,019,876,768.36
Aggregate Stated Principal Balance of the Mortgage
Pool after distribution 1,018,930,032.17
Sec 4.02( a)( xiii)
Total Servicing and Special Servicing Fee paid 149,358.65
Servicing Fee paid 149,358.68
Special Servicing Fee paid 0.00
Trustee Fee paid 2,974.68
Sec 4.02( a)( xiv)
Additional Trust Fund Expenses 0.00
(i) Fees paid to Special Servicer 0.00
(ii) Interest on Advances 0.00
(iii) Cost of opinions of counsel 0.00
(iv) Unanticipated expenses of the Trust 0.00
(v) Cost to remedy adverse environmental 0.00
(vi) Other expenses of the Trust Fund not 0.00
conditions of a defaulted Mortgage Loan
included in the calculation of "Realized Loss"
</TABLE>
<TABLE>
<CAPTION>
Appraisal Reduction Amount
Appraisal Date Appraisal
Loan Reduction Reduction
Number Effected Effected
<S> <C> <C>
None
Total
</TABLE>
<TABLE>
<CAPTION>
Ratings Detail
Original Ratings
Class Cusip DCR Fitch Moody's S&P
<S> <C> <C> <C> <C> <C>
A-1 63859CAN3 AAA NR Aaa X
A-2 63859CAP8 AAA NR Aaa X
A-3 63859CAQ6 AAA NR Aaa X
X-1 63859CAR4 AAA NR Aaa X
X-2 63859CAS2 AAA AAA Aaa X
B 63859CAT0 AA AA Aa2 X
C 63859CAU7 A A A2 X
D 63859CAV5 BBB BBB Baa2 X
E 63859CAW3 NR NR Baa3 X
F 63859CAX1 BB NR NR X
G 63859CAY9 BB- NR NR X
H 63859CAZ6 B NR NR X
J 63859CBA0 NR B- NR X
K 63859CBB8 NR NR NR X
</TABLE>
<TABLE>
<CAPTION>
Current Ratings
Class DCR Fitch Moody's S&P
<S> <C> <C> <C> <C>
A-1 AAA NR Aaa X
A-2 AAA NR Aaa X
A-3 AAA NR Aaa X
X-1 AAA NR Aaa X
X-2 AAA AAA Aaa X
B AA AA Aa2 X
C A A A2 X
D BBB BBB Baa2 X
E NR NR Baa3 X
F BB NR NR X
G BB- NR NR X
H B NR NR X
J NR B- NR X
K NR NR NR X
<FN>
NR - Designates that the class was not rated by the above agency at the time of
original issuance.
X - Designates that the above rating agency did not
rate any classes in this transaction at the time of original issuance.
N/A - Data not available this period.
1) For any class not rated at the time of original issuance by any particular
rating agency, no request has been made subsequent to issuance to obtain rating
information, if any, from such rating agency. The current ratings were obtained
directly from the applicable rating agency within 30 days of the payment date
listed above. The ratings may have changed since they were obtained. Because the
ratings may have changed, you may want to obtain current ratings directly from
the rating agencies.
Duff & Phelps Credit Rating Co.
55 East Monroe Street
Chicago, Illinois 60603
(312) 368- 3100
Fitch IBCA, Inc.
One State Street Plaza
New York, New York 10004
(212) 908- 0500
Moodys Investors Service
99 Church Street
New York, New York 10007
(212) 553- 0300
Standard & Poors Rating Services
26 Broadway
New York, New York 10004
(212) 208- 8000
</FN>
</TABLE>
<TABLE>
<CAPTION>
Current Mortgage Loan and Property Stratification Tables
Scheduled Balance
% Of
Scheduled # of Scheduled Agg WAM Weighted
Balance Loans Balance Bal. (2) WAC Avg DSCR(1)
<S> <C> <C> <C> <C> <C> <C>
Below 500,000 0 0.00 0.00 0 0.0000 0.000000
500,001 to 1,000,000 6 4,706,353.05 0.46 112 8.5224 1.606034
1,000,001 to 1,500,000 16 19,491,574.95 1.91 111 8.1321 1.513515
1,500,001 to 2,000,000 20 35,847,239.57 3.52 112 7.8266 1.498178
2,000,001 to 2,500,000 28 63,448,763.81 6.23 112 8.1041 1.571406
2,500,001 to 3,000,000 24 67,337,284.72 6.61 113 8.1367 1.528035
3,000,001 to 3,500,000 18 58,180,958.95 5.71 111 7.9190 1.496367
3,500,001 to 4,000,000 9 34,487,032.10 3.38 114 7.6854 1.571805
4,000,001 to 4,500,000 18 76,980,164.81 7.56 110 7.9431 1.576941
4,500,001 to 5,000,000 13 61,756,035.29 6.06 115 7.7029 1.436304
5,000,001 to 6,000,000 11 59,657,319.20 5.85 115 7.3680 1.457616
6,000,001 to 7,000,000 6 39,795,033.51 3.91 98 7.4729 1.479158
7,000,001 to 8,000,000 5 38,297,712.10 3.76 104 8.3271 1.490085
8,000,001 to 9,000,000 4 32,812,276.19 3.22 105 7.7771 1.354653
9,000,001 to 10,000,000 2 19,071,950.99 1.87 115 7.1162 1.358328
10,000,001 to 15,000,000 5 56,120,645.95 5.51 115 7.8810 1.492339
15,000,001 to 20,000,000 9 157,320,428.93 15.44 97 7.5476 1.384814
20,000,001 to 25,000,000 2 43,804,656.17 4.30 81 7.1000 1.351858
25,000,001 to 30,000,000 4 113,399,364.96 11.13 106 7.5214 1.399174
30,000,001 to 35,000,000 0 0.00 0.00 0 0.0000 0.000000
35,000,001 and greater 1 36,415,236.92 3.57 116 6.9150 1.710000
Totals 201 1,018,930,032.17 100.00 107 7.7006 1.471867
</TABLE>
<TABLE>
<CAPTION>
State (3)
# of Scheduled % of Weighted
State Props. Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
Arizona 2 20,165,783.30 1.98 112 7.7980 1.379615
California 21 157,967,264.40 15.50 104 7.4302 1.389558
Colorado 3 22,214,172.00 2.18 115 7.2198 1.621527
Connecticut 3 10,301,395.49 1.01 91 7.5809 1.378329
Delaware 1 3,951,623.13 0.39 114 8.2950 1.250000
Florida 36 227,777,613.62 22.35 102 7.7909 1.494386
Georgia 11 50,812,576.49 4.99 111 7.5513 1.445124
Indiana 16 49,502,992.38 4.86 114 8.2608 1.545029
Kansas 1 1,990,602.49 0.20 116 7.3700 1.470000
Louisiana 8 45,408,253.55 4.46 115 7.3203 1.435258
Maryland 6 16,312,453.70 1.60 115 7.7975 1.477058
Massachusetts 6 14,809,494.42 1.45 112 7.6419 1.454911
Michigan 2 7,683,859.80 0.75 108 9.1310 1.377400
Mississippi 1 10,135,803.60 0.99 114 7.9000 1.440000
Missouri 8 28,553,919.09 2.80 116 7.5234 1.441164
Nebraska 1 4,474,258.87 0.44 115 7.3300 4.240000
Nevada 5 32,896,417.78 3.23 110 7.9009 1.408861
New Jersey 1 2,887,331.12 0.28 113 7.9650 1.400000
New Mexico 7 22,982,100.82 2.26 113 7.7949 1.450430
New York 9 30,728,321.98 3.02 108 8.4936 1.665099
North Carolina 10 101,016,251.75 9.91 100 7.3291 1.406484
Ohio 1 3,387,332.99 0.33 115 7.2700 1.460000
Oklahoma 2 9,973,614.13 0.98 84 8.5201 1.604084
Oregon 3 11,836,434.66 1.16 80 8.0530 1.532060
South Carolina 4 9,305,221.17 0.91 112 8.1973 1.473797
Tennessee 3 8,824,712.93 0.87 114 7.9876 1.678804
Texas 10 40,122,784.67 3.94 111 8.1225 1.389435
Utah 7 22,262,210.52 2.18 113 7.3378 1.451934
Virginia 9 36,596,213.89 3.59 113 7.7513 1.515049
Washington 3 9,917,946.60 0.97 116 7.2085 1.427008
Washington, DC 1 4,131,070.83 0.41 113 7.7800 1.370000
Totals 201 1,018,930,032.17 100.00 107 7.7006 1.471867
</TABLE>
<TABLE>
<CAPTION>
Note Rate
Note # of Scheduled % of Weighted
Rate Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
6.999% or Less 11 131,732,171.17 12.93 110 6.8568 1.545424
7.000% to 7.499% 56 332,759,308.27 32.66 106 7.2026 1.466100
7.500% to 7.999% 60 261,673,568.44 25.68 109 7.7082 1.413744
8.000% to 8.499% 37 136,367,588.36 13.38 112 8.3184 1.477184
8.500% to 8.999% 22 105,413,021.58 10.35 97 8.7356 1.511903
9.000% to 9.499% 10 42,470,943.80 4.17 108 9.2134 1.516594
9.500% to 9.999% 5 8,513,430.55 0.84 102 9.7365 1.541553
10.000% or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 201 1,018,930,032.17 100.00 107 7.7006 1.471867
</TABLE>
<TABLE>
<CAPTION>
Seasoning
# of Scheduled % of Weighted
Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
12 months or less 201 1,018,930,032.17 100.00 107 7.7006 1.471867
13 to 24 months 0 0.00 0.00 0 0.0000 0.000000
25 to 36 months 0 0.00 0.00 0 0.0000 0.000000
37 to 48 months 0 0.00 0.00 0 0.0000 0.000000
49 and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 201 1,018,930,032.17 100.00 107 7.7006 1.471867
</TABLE>
<TABLE>
<CAPTION>
Debt Service Coverage Ratio
Debt Service # of Scheduled % of Weighted
Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
.99 or less 0 0.00 0.00 0 0.0000 0.000000
1.0 to 1.19 1 4,021,937.93 0.39 104 8.8300 1.190000
1.2 to 1.29 7 49,956,371.05 4.90 114 7.6794 1.240997
1.3 to 1.39 62 434,559,298.99 42.65 104 7.5486 1.353274
1.4 to 1.49 64 237,198,128.00 23.28 110 7.6382 1.440286
1.5 to 1.59 26 98,952,379.95 9.71 112 8.0919 1.546576
1.6 to 1.69 21 103,052,532.72 10.11 101 8.2504 1.641174
1.7 to 1.79 8 56,285,733.69 5.52 115 7.4135 1.720284
1.8 to 1.99 5 14,211,966.64 1.39 112 8.3166 1.855100
2.0 and greater 7 20,691,683.20 2.03 114 7.1901 2.797270
Totals 201 1,018,930,032.17 100.00 107 7.7006 1.471867
</TABLE>
<TABLE>
<CAPTION>
Property Type(3)
Property # of Scheduled % of Weighted
Type Props Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
Health Care 8 40,644,056.03 3.99 115 8.5597 1.917762
Industrial 2 43,804,656.17 4.30 81 7.1000 1.351858
Lodging 7 49,846,051.03 4.89 91 8.7895 1.673606
Multi-Family 100 495,704,657.88 48.65 107 7.4968 1.413354
Office 13 42,812,842.32 4.20 113 7.9091 1.550016
Other 1 3,260,959.65 0.32 114 8.3700 1.6
Retail 69 338,834,871.16 33.25 112 7.7671 1.482059
Self Storage 1 4,021,937.93 0.39 104 8.8300 1.190000
Totals 201 1,018,930,032.17 100.00 107 7.7006 1.471867
</TABLE>
<TABLE>
<CAPTION>
Anticipated Remaining Term (ARD and Balloon Loans)
Anticipated # of Scheduled % of Weighted
Remaining Term(2) Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
60 months or less 3 28,930,507.42 2.84 54 7.5020 1.354821
61 to 72 months 2 5,461,502.74 0.54 68 9.3625 1.444861
73 to 84 months 10 135,874,084.78 13.33 79 7.5281 1.463216
85 to 96 months 0 0.00 0.00 0 0.0000 0.000000
97 to 108 months 13 72,875,572.03 7.15 105 8.6194 1.39039
109 months or greater 172 774,908,868.05 76.05 115 7.6403 1.484939
Totals 200 1,018,050,535.02 99.91 107 7.7007 1.471359
</TABLE>
<TABLE>
<CAPTION>
Remaining Stated Term (Fully Amortizing Loans)
Stated # of Scheduled % of Weighted
Remaining Term(2) Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
60 months or less 0 0.00 0.00 0 0.0000 0.000000
61 to 72 months 0 0.00 0.00 0 0.0000 0.000000
73 to 84 months 0 0.00 0.00 0 0.0000 0.000000
85 to 96 months 0 0.00 0.00 0 0.0000 0.000000
97 to 108 months 0 0.00 0.00 0 0.0000 0.000000
109 months or greater 1 879,497.15 0.09 116 7.6200 2.060000
Totals 1 879,497.15 0.09 116 7.6200 2.060000
</TABLE>
<TABLE>
<CAPTION>
Remaining Amortization Term (ARD and Balloon Loans)
Remaining # of Scheduled % of Weighted
Amortization Term Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
180 months or less 1 3,101,996.52 0.30 115 7.3800 1.420000
181 to 192 months 0 0.00 0.00 0 0.0000 0.000000
193 to 204 months 1 2,976,125.02 0.29 114 8.4500 1.770000
205 to 228 months 1 2,742,969.70 0.27 114 8.4500 1.690000
229 to 240 months 17 46,745,000.72 4.59 114 8.3038 1.587182
241 to 252 months 0 0.00 0.00 0 0.0000 0.000000
253 to 288 months 0 0.00 0.00 0 0.0000 0.000000
289 to 300 months 65 302,466,686.56 29.68 110 8.0132 1.582606
301 months or greater 115 660,017,756.50 64.78 105 7.5098 1.410175
Totals 200 1,018,050,535.02 99.91 107 7.7007 1.471359
</TABLE>
<TABLE>
<CAPTION>
Age of Most Recent NOI
Age of Most # of Scheduled % of Weighted
Recent NOI Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
1 year or less 201 1,018,930,032.17 100.00 107 7.7006 1.471867
1 to 2 years 0 0.00 0.00 0 0.0000 0.000000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 201 1,018,930,032.17 100.00 107 7.7006 1.471867
<FN>
(1) Debt Service Coverage Ratios are calculated as described in the prospectus,
values are updated periodically as new NOI figures become available from
borrowers on an asset level. The Trustee makes no representations as to the
accuracy of the data provided by the borrower for this calculation.
(2)Anticipated Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro- rata the current loan
information to the properties based upon the Cut- off Date Balance of the
related mortgage loan as disclosed in the offering document.
Note: There are no Hyper- Amortization Loans included in the Mortgage Pool.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Mortgage Loan Detail
Loan Property Interest Principal Gross
Number ODCR Type City State Payment Payment Coupon
<S> <C> <C> <C> <C> <C> <C> <C>
30218550 50002 RT Lake Worth FL 19412.60 2025.13 9.780%
30218526 50005 MF Las Vegas NV 116888.04 11961.23 8.240%
30218595 50006 MF Bronx NY 23229.01 1884.32 9.040%
30218583 50007 RT Pasadena TX 17644.61 1487.26 8.850%
30218538 50012 SS Amarillo TX 29625.23 4140.27 8.830%
30218616 50014 MF Albemarle NC 15199.09 1171.12 9.070%
30218615 50020 MF Charlotte NC 53429.96 4684.69 8.740%
30218646 50021 RT Orlando FL 114476.27 9879.27 8.790%
30218610 50022 HC Pompano Beach FL 13171.26 1366.65 9.800%
30218649 50023 OF Edgewood MD 5546.29 570.85 9.830%
30218529 50027 LO Hollywood Beach FL 57582.66 6711.86 9.370%
30218503 50028 MF Riverdale GA 19191.99 1541.39 8.900%
30218648 50038 LO Sellersburg IN 20069.80 3659.57 9.760%
30218511 50043 RT Farmville VA 14239.10 1171.25 8.800%
30218564 50048 MF San Jose CA 58658.97 5406.20 8.470%
30218502 50049 MF Clinton Township MI 33865.95 4237.43 9.110%
30218548 50051 RT Tamarac FL 21203.87 2601.17 9.160%
30218565 50054 MF Moreno Valley CA 47170.01 4433.58 8.385%
30218578 50055 RT Plano TX 33353.77 4052.76 9.195%
30218588 50056 MF Miami FL 47532.08 4345.66 8.495%
30218501 50057 MF Rochester Hills MI 24657.08 3024.78 9.160%
30218618 50059 MF Dania FL 7781.79 668.34 8.690%
30218619 50060 MF Hollywood FL 6560.32 545.71 8.790%
30218652 50061 RT Atlanta GA 9973.81 1177.10 9.270%
30218617 50063 MF Colorado Springs CO 9410.59 797.95 8.730%
30218546 50066 RT Killeen TX 21240.95 3075.90 8.700%
30218600 50067 MF Albuquerque NM 31104.84 4607.28 8.595%
30218655 50079 LO Edgewood MD 10954.82 2099.68 9.500%
30218622 50080 MF Vero Beach FL 7324.91 696.31 8.350%
30218621 50081 MF Vero Beach FL 5859.93 557.04 8.350%
30218602 50087 MF Provo UT 19613.47 2112.42 7.950%
30218597 50091 MF New York NY 15419.43 1461.03 8.360%
30218594 50092 HC Portland OR 26837.88 3171.72 9.265%
30218596 50093 MF Bronx NY 20466.79 1939.29 8.360%
30218647 50095 RT Greenville SC 16413.49 2191.87 8.820%
30218654 50113 RT Aiken SC 24338.36 2362.72 8.270%
30218650 50115 RT Atlanta GA 13034.75 1763.84 8.750%
30218659 50116 RT Framingham MA 19497.20 3340.21 7.840%
30218536 50120 MF Hartford CT 26648.06 3122.63 7.640%
30218661 50128 RT Indianapolis IN 18963.43 3052.22 8.010%
30218662 50131 RT Houston TX 97981.69 11165.81 7.740%
30218651 50132 RT Indianapolis IN 49287.32 6157.65 7.410%
30218653 50134 RT Nashville TN 30316.01 4352.23 8.515%
30218656 50138 RT Apopka FL 30698.13 3014.01 8.220%
30218552 50140 MF Rego Park NY 14411.66 1410.41 8.230%
30218604 50144 RT Las Vegas NV 17526.18 2416.98 8.630%
30218657 50146 LO New Market VA 18007.32 4021.68 8.710%
30218620 50147 MF Savage MD 14050.03 2315.89 7.975%
30218605 50152 OF Mesa AZ 16950.67 2423.32 8.530%
30218512 50153 RT Tulsa OK 58657.97 4735.71 8.830%
30218665 50158 RT Savannah GA 14564.19 2756.27 7.470%
30218664 50161 RT Greencastle IN 19398.59 2387.70 7.470%
30218623 50163 MF Staten Island NY 14297.03 2134.54 6.880%
30218575 50165 MF San Diego CA 174730.35 21337.39 7.515%
30218549 50168 RT Venice FL 17483.28 4741.89 7.910%
30218660 50185 OF Shrewsbury MA 7419.22 1217.70 7.990%
30218603 50186 RT Albuquerque NM 18322.87 2383.81 8.840%
30218523 50191 LO Kissimmee FL 212325.31 28674.81 8.735%
30218543 50197 MF Bethpage NY 21506.33 2273.08 7.970%
30218515 50199 RT Newport News VA 25611.23 4661.22 7.630%
30218632 50200 MF Roanoke VA 12431.80 1525.11 7.480%
30218513 50201 RT Dallas TX 7007.32 651.59 8.350%
30218587 50204 MF Phoenix AZ 114196.56 13280.72 7.700%
30218663 50205 RT Brandon FL 10157.33 1495.86 8.395%
30218537 50209 MF Washington DC 26802.65 3014.54 7.780%
30218624 50215 MF Albuquerque NM 5616.46 5175.05 7.620%
30218626 50217 MF North Charleston SC 7676.18 879.34 7.700%
30218625 50218 MF Mt. Pleasant SC 15182.80 1724.53 7.750%
30218577 50219 MF Burbank CA 28889.80 3286.58 7.730%
30218540 50220 MF Shreveport LA 26005.49 2730.76 7.990%
30218628 50222 MF Charlotte NC 28840.17 3481.34 7.550%
30218627 50223 MF Charlotte NC 29467.13 3557.02 7.550%
30218666 50227 RT Thonotosassa FL 12366.07 2174.01 7.750%
30218500 50230 MF Hermosa Beach CA 111588.26 15388.21 7.150%
30218667 50239 OF High Point NC 25916.97 4079.05 8.110%
30218611 50241 HC Brooklyn NY 80468.98 9378.67 9.240%
30218547 50242 MF Jersey City NJ 19178.14 2030.32 7.965%
30218668 50243 RT Roanoke VA 66944.18 8618.19 7.320%
30218561 50245 RT Pompano Beach FL 3811.70 606.55 8.050%
30218531 50246 RT Gainesville FL 36025.27 6505.91 7.610%
30218592 50247 LO St. Joseph MO 33011.46 5430.42 7.955%
30218557 50248 RT Orlando FL 11588.65 1382.11 7.550%
30218573 50249 MF Reno NV 17812.15 2073.53 7.660%
30218629 50250 MF Bartlett TN 16633.73 5588.03 7.010%
30218516 50252 RT Leesburg VA 31319.25 3400.83 7.850%
30218510 50253 MF Baton Rouge LA 13359.17 1385.89 8.050%
30218630 50254 MF Tamarac FL 17396.44 3050.64 7.780%
30218631 50260 MF Davie FL 10597.42 1264.64 7.600%
30218514 50262 RT Fredericksburg VA 32722.38 6044.04 7.600%
30218589 50264 MF Lake Oswego OR 41359.60 5092.64 7.490%
30218669 50266 RT Boca Raton FL 20198.58 3194.89 8.120%
30218670 50270 RT Suitland MD 6083.87 829.43 8.620%
30218671 50271 RT Salisbury MD 19137.85 9848.65 7.380%
30218609 50276 OF Las Vegas NV 9138.04 1542.48 7.865%
30218504 50277 MF Orem UT 16060.33 1824.07 7.735%
30218551 50283 RT Boca Raton FL 13825.30 1756.33 7.375%
30218527 50284 OF Flowood MS 66801.43 11249.32 7.900%
30218532 50286 OF Cambridge MA 34408.52 3711.88 7.870%
30218517 50288 OF Ogden UT 20264.41 2201.98 7.870%
30218672 50289 RT New Haven CT 28206.41 3265.46 7.640%
30218673 50293 RT Pembroke Pines FL 33535.16 5048.49 8.295%
30218633 50299 MF Albuquerque NM 23719.15 3039.39 7.360%
30218674 50301 RT EL Cerrito CA 33658.40 5297.47 8.110%
30218675 50302 RT Chattanooga TN 11866.29 1786.39 8.295%
30218676 50303 RT Newark DE 27344.05 4116.47 8.295%
30218634 50304 MF Belton MO 27788.70 8680.16 7.290%
30218635 50305 MF Albuquerque NM 10239.58 1312.11 7.360%
30218636 50306 MF Shawnee KS 12240.18 2370.94 7.370%
30218545 50308 HC Brooklyn NY 19867.35 5225.85 8.000%
30218509 50309 MF Baton Rouge LA 9911.09 1232.55 7.460%
30218677 50314 RT Miami FL 27629.93 3010.07 7.840%
30218585 50318 MF Austin TX 6445.37 777.71 7.530%
30218593 50325 MF Jacksonville FL 28113.18 3626.53 7.365%
30218542 50326 MF Seattle WA 20110.90 2602.71 7.340%
30218519 50328 RT Atlanta GA 54922.46 5738.88 7.990%
30218518 50329 RT Dallas TX 19786.15 2101.44 7.940%
30218528 50333 MF Studio City CA 57796.45 8132.56 7.070%
30218535 50334 MF Jacksonville FL 30074.05 3636.28 7.545%
30218539 50335 MF Metairie LA 23636.52 3123.41 7.257%
30218533 50337 MF Garland TX 32528.85 4023.91 7.476%
30218530 50338 MF Baton Rouge LA 37091.33 4484.74 7.545%
30218559 50339 MF Berkeley MO 9774.07 1181.79 7.545%
30218544 50340 MF Baton Rouge LA 17881.19 2507.60 7.080%
30218569 50342 MF Downey CA 26813.95 3339.03 7.435%
30218607 50343 HC Portland OR 11304.12 1945.17 7.777%
30218658 50344 RT Columbus IN 21593.86 5132.82 8.450%
30218678 50345 RT Carmel IN 22425.19 5330.44 8.450%
30218679 50346 RT Muncie IN 21004.14 6711.38 8.450%
30218680 50347 RT Kokomo IN 22320.40 5305.53 8.450%
30218681 50350 RT Indianapolis IN 19931.18 4737.61 8.450%
30218682 50351 RT Franklin IN 17660.71 4197.93 8.450%
30218683 50352 RT Crawfordsville IN 16361.31 3889.06 8.450%
30218684 50353 RT Fishers IN 17716.60 4211.21 8.450%
30218685 50355 RT Plainfield IN 18436.16 4382.25 8.450%
30218686 50356 RT Speedway IN 19354.10 5541.12 8.450%
30218687 50357 RT Anderson IN 19274.49 4581.51 8.450%
30218688 50359 RT New Castle IN 17493.05 4158.07 8.450%
30218525 50362 MF San Francisco CA 106211.26 16212.12 6.815%
30218638 50363 MF Albuquerque NM 47014.24 9188.74 7.360%
30218579 50365 MF Manteca CA 25415.83 3510.54 7.110%
30218534 50367 OF Atlanta GA 33559.04 5786.36 7.770%
30218508 50368 MF Miami Lakes FL 113802.74 13828.38 7.530%
30218612 50370 HC North Hollywood CA 75517.82 11358.76 8.270%
30218613 50371 HC Omaha NE 27363.22 5395.38 7.330%
30218580 50373 MF Stockton CA 25840.80 3239.15 7.400%
30218558 50377 MF Jennings MO 11277.77 1363.60 7.545%
30218689 50390 OF Virgina Beach VA 12573.73 2297.28 7.570%
30218637 50392 MF Atlanta GA 17691.52 2177.58 7.470%
30218690 50396 OF LaDue MO 24234.61 2605.80 7.880%
30218574 50397 LO San Diego CA 13537.77 2216.62 7.950%
30218598 50399 MF New York NY 8016.14 928.08 7.655%
30218639 50404 MF Kansas City MO 11122.64 1311.34 7.600%
30218691 50405 OF Albuquerque NM 13435.39 2371.41 7.710%
30218520 50407 OT Hartwood VA 22768.60 3356.12 8.370%
30218571 50408 MF Placentia CA 21525.54 3888.37 7.630%
30218582 50410 MF Gainesville FL 17555.03 2114.58 7.520%
30218506 50412 MF Pensacola FL 8003.16 866.19 7.860%
30218505 50414 MF Fort Walton Beach FL 13589.04 1470.75 7.860%
30218566 50416 MF North Highlands CA 31793.84 4253.72 7.220%
30218563 50417 MF Reno NV 55395.79 7511.32 7.165%
30218640 50420 MF Baton Rouge LA 35058.25 4690.47 7.210%
30218692 50429 RT Atlanta GA 27779.47 2991.74 7.860%
30218606 50430 MF St. George UT 12490.34 2315.51 7.520%
30218541 50431 MF Cincinnati OH 20537.96 2702.17 7.270%
30218568 50432 MF Lacey WA 27493.27 3684.29 7.185%
30218694 50442 RT Creve Coeur MO 28524.83 5188.11 7.530%
30218695 50443 RT Newnan GA 13928.77 1808.11 7.280%
30218642 50446 MF Kennesaw GA 79219.24 17303.84 6.965%
30218555 50450 MF Cambridge MA 12614.79 1656.87 7.260%
30218590 50451 MF Rocklin CA 29977.82 4521.58 6.850%
30218591 50452 MF Davis CA 29977.82 4521.58 6.850%
30218562 50453 MF Denver CO 100835.70 13811.21 7.135%
30218507 50462 MF Jacksonville FL 13998.21 1885.43 7.200%
30218696 50464 RT Pembroke Pines FL 48861.06 6450.17 7.260%
30218567 50465 MF Huntington Beach CA 29289.21 3938.25 7.190%
30218570 50468 MF Simi Valley CA 22338.56 3223.89 6.980%
30218586 50469 MF Austin TX 6186.93 805.89 7.300%
30218693 50471 RT Aspen CO 23522.00 4979.24 7.090%
30218697 50474 OF Tulsa OK 12200.41 1586.46 7.290%
30218522 50481 RT Sandestin FL 210111.27 46588.71 6.915%
30218614 50485 HC Advance NC 35688.42 4876.64 8.590%
30218524 50488 RT Shreveport LA 114271.83 15767.79 7.113%
30218608 50489 MF St. George UT 10148.40 1881.35 7.520%
30218560 50490 MF Dennis (Dennisport)MA 8074.26 988.84 7.470%
30218641 50494 MF College Park GA 36189.23 5491.36 6.790%
30218584 50501 MF San Bernardino CA 8631.30 1137.46 7.250%
30218556 50503 MF Seattle WA 12021.75 1685.86 7.050%
30218601 50513 RT Logan UT 20486.50 4362.52 7.050%
30218698 50518 RT Windsor Locks CT 10276.58 2044.01 7.280%
30218643 50530 MF Raleigh NC 149404.06 22826.89 6.770%
30218645 50546 MF Unincorporated St.LMO 33473.85 4678.36 7.060%
30218644 50555 MF Baltimore MD 50386.77 9701.46 7.370%
30218553 50569 MF Boston(Charlestown)MA 12377.35 1721.16 7.090%
30218572 50587 MF Dixon CA 19560.23 2683.62 7.130%
30218581 50597 MF Winter Park FL 24028.50 3386.72 7.050%
30218699 50604 RT Miami FL 174927.86 24864.41 7.010%
30218576 50606 MF Gainesville FL 38567.39 5670.89 6.910%
30218521 50612 RT High Point NC 20136.04 2671.44 7.230%
30218599 50699 RT Provo UT 37206.40 8699.45 6.720%
30218700 50704 IN Durham NC 137726.67 18991.18 7.100%
30218701 50727 IN Durham NC 121662.50 16776.08 7.100%
</TABLE>
<TABLE>
<CAPTION>
Loan Anticipated Neg Beginning Ending Paid
Number Repayment Maturity Amort Scheduled Scheduled Thru
Date Date (Y/N) Balance Balance Date
<S> <C> <C> <C> <C> <C> <C>
30218550 N/A 5/1/2004 N 2381914.66 2379889.53 5/1/1998
30218526 N/A 2/1/2007 N 17022529.93 17010568.70 5/1/1998
30218595 N/A 10/1/2003 N 3083497.53 3081613.21 4/1/1998
30218583 N/A 2/1/2007 N 2392489.04 2391001.78 5/1/1998
30218538 N/A 1/1/2007 N 4026078.2 4021937.93 5/1/1998
30218616 N/A 4/1/2007 N 2010905.31 2009734.19 4/1/1998
30218615 N/A 1/1/2007 N 7335921.39 7331236.70 5/1/1998
30218646 N/A 1/1/2007 N 15628159.50 15618280.23 5/1/1998
30218610 N/A 5/1/2007 N 1612807.84 1611441.19 4/1/1998
30218649 N/A 5/1/2007 N 677065.31 676494.46 5/1/1998
30218529 N/A 5/1/2007 N 7374513.23 7367801.37 5/1/1998
30218503 N/A 6/1/2007 N 2587684.53 2586143.14 5/1/1998
30218648 N/A 6/1/2007 N 2467598.11 2463938.54 5/1/1998
30218511 N/A 7/1/2007 N 1941695.18 1940523.93 5/1/1998
30218564 N/A 6/1/2007 N 8310597.22 8305191.02 5/1/1998
30218502 N/A 5/1/2007 N 4460937.35 4456699.92 5/1/1998
30218548 N/A 6/1/2007 N 2777800.09 2775198.92 5/1/1998
30218565 N/A 7/1/2007 N 6750628.16 6746194.58 5/1/1998
30218578 N/A 6/1/2007 N 4352857.90 4348805.14 5/1/1998
30218588 N/A 6/1/2007 N 6714361.22 6710015.56 5/1/1998
30218501 N/A 6/1/2007 N 3230184.66 3227159.88 5/1/1998
30218618 N/A 6/1/2007 N 1074584.90 1073916.56 5/1/1998
30218619 N/A 6/1/2007 N 895607.32 895061.61 5/1/1998
30218652 N/A 7/1/2007 N 1291107.80 1289930.70 5/1/1998
30218617 N/A 6/1/2007 N 1293551.49 1292753.54 5/1/1998
30218546 N/A 1/1/2007 N 2929785.85 2926709.95 5/1/1998
30218600 N/A 2/1/2007 N 4342735.37 4338128.09 5/1/1998
30218655 N/A 7/1/2007 N 1383766.51 1381666.83 5/1/1998
30218622 N/A 7/1/2007 N 1052682.27 1051985.96 5/1/1998
30218621 N/A 7/1/2007 N 842145.44 841588.40 5/1/1998
30218602 N/A 8/1/2007 N 2960523.32 2958410.90 5/1/1998
30218597 N/A 7/1/2007 N 2213314.77 2211853.74 4/1/1998
30218594 N/A 7/1/2007 N 3476034.56 3472862.84 5/1/1998
30218596 N/A 7/1/2007 N 2937817.09 2935877.80 4/1/1998
30218647 N/A 7/1/2007 N 2233128.40 2230936.53 5/1/1998
30218654 N/A 8/1/2007 N 3531563.34 3529200.62 5/1/1998
30218650 N/A 8/1/2007 N 1787623.22 1785859.38 5/1/1998
30218659 N/A 11/1/2007 N 2984265.16 2980924.95 5/1/1998
30218536 N/A 11/1/2002 N 4185559.65 4182437.02 5/1/1998
30218661 N/A 1/1/2008 N 2840963.87 2837911.65 5/1/1998
30218662 N/A 10/1/2007 N 15190960.01 15179794.20 5/1/1998
30218651 N/A 1/1/2008 N 7981751.93 7975594.28 5/1/1998
30218653 N/A 9/1/2007 N 4272368.28 4268016.05 5/1/1998
30218656 N/A 9/1/2007 N 4481478.73 4478464.72 5/1/1998
30218552 N/A 9/1/2007 N 2101336.31 2099925.90 4/1/1998
30218604 N/A 10/1/2007 N 2437012.91 2434595.93 5/1/1998
30218657 N/A 11/1/2007 N 2480917.02 2476895.34 5/1/1998
30218620 N/A 11/1/2007 N 2114111.70 2111795.81 5/1/1998
30218605 N/A 9/1/2007 N 2384620.09 2382196.77 5/1/1998
30218512 N/A 9/1/2004 N 7971638.66 7966902.95 5/1/1998
30218665 N/A 12/1/2007 N 2339628.73 2336872.46 5/1/1998
30218664 N/A 12/1/2007 N 3116240.08 3113852.38 5/1/1998
30218623 N/A 1/1/2008 N 2493668.88 2491534.34 5/1/1998
30218575 N/A 11/1/2007 N 27901053.40 27879716.01 5/1/1998
30218549 N/A 11/1/2007 N 2652331.04 2647589.15 5/1/1998
30218660 N/A 11/1/2004 N 1114276.15 1113058.45 5/1/1998
30218603 N/A 10/1/2007 N 2487267.36 2484883.55 5/1/1998
30218523 N/A 9/1/2004 N 29168903.25 29140228.44 5/1/1998
30218543 N/A 10/1/2007 N 3238091.91 3235818.83 5/1/1998
30218515 N/A 11/1/2007 N 4027978.07 4023316.85 5/1/1998
30218632 N/A 12/1/2007 N 1994406.19 1992881.08 5/1/1998
30218513 N/A 11/1/2007 N 1007039.71 1006388.12 5/1/1998
30218587 N/A 9/1/2007 N 17796867.25 17783586.53 5/1/1998
30218663 N/A 10/1/2007 N 1451911.28 1450415.42 5/1/1998
30218537 N/A 10/1/2007 N 4134085.37 4131070.83 5/1/1998
30218624 N/A 1/1/2008 N 884672.20 879497.15 5/1/1998
30218626 N/A 12/1/2007 N 1196802.92 1195923.58 5/1/1998
30218625 N/A 10/1/2007 N 2350884.97 2349160.44 5/1/1998
30218577 N/A 11/1/2007 N 4484832.62 4481546.04 5/1/1998
30218540 N/A 10/1/2007 N 3905706.28 3902975.52 5/1/1998
30218628 N/A 11/1/2007 N 4583868.56 4580387.22 5/1/1998
30218627 N/A 11/1/2007 N 4683517.88 4679960.86 5/1/1998
30218666 N/A 11/1/2007 N 1914745.82 1912571.81 5/1/1998
30218500 N/A 11/1/2004 N 18728100.24 18712712.03 5/1/1998
30218667 N/A 12/1/2007 N 3834816.76 3830737.71 4/1/1998
30218611 N/A 10/1/2007 N 10450516.30 10441137.63 5/1/1998
30218547 N/A 10/1/2007 N 2889361.44 2887331.12 5/1/1998
30218668 N/A 1/1/2008 N 10974456.44 10965838.25 5/1/1998
30218561 N/A 1/1/2008 N 568204.43 567597.88 5/1/1998
30218531 N/A 1/1/2008 N 5680726.54 5674220.63 5/1/1998
30218592 N/A 12/1/2007 N 4979730.53 4974300.11 5/1/1998
30218557 N/A 1/1/2008 N 1841905.08 1840522.97 5/1/1998
30218573 N/A 11/1/2007 N 2790415.47 2788341.94 5/1/1998
30218629 N/A 1/1/2008 N 2847429.60 2841841.57 5/1/1998
30218516 N/A 11/1/2007 N 4787655.51 4784254.68 5/1/1998
30218510 N/A 9/1/2007 N 1991429.32 1990043.43 5/1/1998
30218630 N/A 10/1/2007 N 2683254.99 2680204.35 5/1/1998
30218631 N/A 10/1/2007 N 1673277.40 1672012.76 5/1/1998
30218514 N/A 10/1/2007 N 5166691.46 5160647.42 5/1/1998
30218589 N/A 11/1/2002 N 6626371.41 6621278.77 5/1/1998
30218669 N/A 11/1/2007 N 2985011.27 2981816.38 5/1/1998
30218670 N/A 12/1/2007 N 846942.98 846113.55 5/1/1998
30218671 N/A 12/1/2007 N 3111845.17 3101996.52 5/1/1998
30218609 N/A 12/1/2007 N 1394233.55 1392691.07 5/1/1998
30218504 N/A 11/1/2007 N 2491583.00 2489758.93 5/1/1998
30218551 N/A 12/1/2007 N 2249540.40 2247784.07 5/1/1998
30218527 N/A 11/1/2007 N 10147052.92 10135803.60 5/1/1998
30218532 N/A 12/1/2007 N 5246534.49 5242822.61 5/1/1998
30218517 N/A 11/1/2006 N 3089871.47 3087669.49 5/1/1998
30218672 N/A 1/1/2008 N 4430326.51 4427061.05 5/1/1998
30218673 N/A 11/1/2007 N 4851378.77 4846330.28 5/1/1998
30218633 N/A 12/1/2007 N 3868843.16 3865803.77 5/1/1998
30218674 N/A 12/1/2007 N 4980281.52 4974984.05 5/1/1998
30218675 N/A 11/1/2007 N 1716641.70 1714855.31 5/1/1998
30218676 N/A 11/1/2007 N 3955739.60 3951623.13 5/1/1998
30218634 N/A 1/1/2008 N 4574272.24 4565592.08 5/1/1998
30218635 N/A 12/1/2007 N 1670183.58 1668871.47 5/1/1998
30218636 N/A 1/1/2008 N 1992973.43 1990602.49 5/1/1998
30218545 N/A 12/1/2007 N 2980102.25 2974876.40 5/1/1998
30218509 N/A 11/1/2007 N 1594277.59 1593045.04 5/1/1998
30218677 N/A 12/1/2007 N 4229070.68 4226060.61 5/1/1998
30218585 N/A 12/1/2007 N 1027151.35 1026373.64 5/1/1998
30218593 N/A 10/1/2007 N 4580558.24 4576931.71 5/1/1998
30218542 N/A 11/1/2007 N 3287885.68 3285282.97 5/1/1998
30218519 N/A 11/1/2007 N 8248680.05 8242941.17 5/1/1998
30218518 N/A 11/1/2007 N 2990350.36 2988248.92 5/1/1998
30218528 N/A 12/1/2007 N 9809863.41 9801730.85 5/1/1998
30218535 N/A 11/1/2007 N 4783148.73 4779512.45 5/1/1998
30218539 N/A 12/1/2007 N 3908478.01 3905354.60 5/1/1998
30218533 N/A 11/1/2007 N 5221324.43 5217300.52 5/1/1998
30218530 N/A 11/1/2007 N 5899216.78 5894732.04 5/1/1998
30218559 N/A 11/1/2007 N 1554523.33 1553341.54 5/1/1998
30218544 N/A 12/1/2007 N 3030709.86 3028202.26 5/1/1998
30218569 N/A 12/1/2007 N 4327738.52 4324399.49 5/1/1998
30218607 N/A 1/1/2008 N 1744238.22 1742293.05 4/1/1998
30218658 N/A 11/1/2007 N 3066583.06 3061450.24 5/1/1998
30218678 N/A 11/1/2007 N 3184643.02 3179312.58 5/1/1998
30218679 N/A 11/1/2007 N 2982836.40 2976125.02 5/1/1998
30218680 N/A 11/1/2007 N 3169761.52 3164455.99 5/1/1998
30218681 N/A 11/1/2007 N 2830463.09 2825725.48 5/1/1998
30218682 N/A 11/1/2007 N 2508030.40 2503832.47 5/1/1998
30218683 N/A 11/1/2007 N 2323499.67 2319610.61 5/1/1998
30218684 N/A 11/1/2007 N 2515967.22 2511756.01 5/1/1998
30218685 N/A 11/1/2007 N 2618153.59 2613771.34 5/1/1998
30218686 N/A 11/1/2007 N 2748510.82 2742969.70 5/1/1998
30218687 N/A 11/1/2007 N 2737205.68 2732624.17 5/1/1998
30218688 N/A 11/1/2007 N 2484219.99 2480061.92 5/1/1998
30218525 N/A 1/1/2005 N 18701909.02 18685696.90 5/1/1998
30218638 N/A 12/1/2007 N 7665365.54 7656176.80 5/1/1998
30218579 N/A 1/1/2008 N 4289591.49 4286080.95 4/1/1998
30218534 N/A 1/1/2008 N 5182862.64 5177076.28 5/1/1998
30218508 N/A 11/1/2002 N 18135895.48 18122067.10 5/1/1998
30218612 N/A 12/1/2007 N 10957845.18 10946486.42 5/1/1998
30218613 N/A 12/1/2007 N 4479654.25 4474258.87 5/1/1998
30218580 N/A 1/1/2008 N 4190400.70 4187161.55 4/1/1998
30218558 N/A 11/1/2007 N 1793680.79 1792317.19 5/1/1998
30218689 N/A 1/1/2005 N 1993193.97 1990896.69 5/1/1998
30218637 N/A 12/1/2007 N 2842010.94 2839833.36 5/1/1998
30218690 N/A 12/1/2007 N 3690549.82 3687944.02 5/1/1998
30218574 N/A 1/1/2008 N 2043437.02 2041220.40 5/1/1998
30218598 N/A 12/1/2007 N 1256612.21 1255684.13 4/1/1998
30218639 N/A 12/1/2007 N 1756205.86 1754894.52 5/1/1998
30218691 N/A 12/1/2007 N 2091111.40 2088739.99 5/1/1998
30218520 N/A 11/1/2007 N 3264315.77 3260959.65 5/1/1998
30218571 N/A 12/1/2007 N 3385406.29 3381517.92 5/1/1998
30218582 N/A 1/1/2008 N 2801334.61 2799220.03 5/1/1998
30218506 N/A 12/1/2007 N 1221856.81 1220990.62 5/1/1998
30218505 N/A 12/1/2007 N 2074663.00 2073192.25 5/1/1998
30218566 N/A 12/1/2007 N 5284293.99 5280040.27 5/1/1998
30218563 N/A 1/1/2008 N 9277731.46 9270220.14 5/1/1998
30218640 N/A 1/1/2008 N 5836109.08 5831418.61 5/1/1998
30218692 N/A 1/1/2008 N 4241140.53 4238148.79 5/1/1998
30218606 N/A 1/1/2008 N 1993139.39 1990823.88 5/1/1998
30218541 N/A 12/1/2007 N 3390035.16 3387332.99 5/1/1998
30218568 N/A 2/1/2008 N 4591777.94 4588093.65 5/1/1998
30218694 N/A 3/1/2008 N 4545790.02 4540601.91 5/1/1998
30218695 N/A 2/1/2008 N 2295950.78 2294142.67 5/1/1998
30218642 N/A 1/1/2008 N 13648683.89 13631380.05 5/1/1998
30218555 N/A 1/1/2008 N 2085088.69 2083431.82 5/1/1998
30218590 N/A 1/1/2008 N 5251588.13 5247066.55 5/1/1998
30218591 N/A 1/1/2008 N 5251588.13 5247066.55 5/1/1998
30218562 N/A 1/1/2008 N 16959052.40 16945241.19 5/1/1998
30218507 N/A 12/1/2007 N 2333035.02 2331149.59 5/1/1998
30218696 N/A 12/1/2004 N 8076207.64 8069757.47 5/1/1998
30218567 N/A 1/1/2008 N 4888324.91 4884386.66 5/1/1998
30218570 N/A 1/1/2008 N 3840439.35 3837215.46 5/1/1998
30218586 N/A 12/1/2007 N 1017030.36 1016224.47 5/1/1998
30218693 N/A 12/1/2007 N 3981156.51 3976177.27 5/1/1998
30218697 N/A 1/1/2008 N 2008297.64 2006711.18 5/1/1998
30218522 N/A 1/1/2008 N 36461825.63 36415236.92 5/1/1998
30218614 N/A 1/1/2008 N 4985576.27 4980699.63 5/1/1998
30218524 N/A 1/1/2008 N 19278249.84 19262482.05 5/1/1998
30218608 N/A 1/1/2008 N 1619425.77 1617544.42 4/1/1998
30218560 N/A 1/1/2008 N 1297069.88 1296081.04 5/1/1998
30218641 N/A 3/1/2005 N 6395739.85 6390248.49 5/1/1998
30218584 N/A 1/1/2008 N 1428628.28 1427490.82 5/1/1998
30218556 N/A 2/1/2008 N 2046255.84 2044569.98 5/1/1998
30218601 N/A 1/1/2008 N 3487064.37 3482701.85 5/1/1998
30218698 N/A 1/1/2008 N 1693941.43 1691897.42 5/1/1998
30218643 N/A 3/1/2008 N 26482256.69 26459429.80 5/1/1998
30218645 N/A 2/1/2008 N 5689606.08 5684927.72 5/1/1998
30218644 N/A 2/1/2008 N 8204087.99 8194386.53 5/1/1998
30218553 N/A 1/1/2008 N 2094896.71 2093175.55 5/1/1998
30218572 N/A 1/1/2008 N 3292043.50 3289359.88 4/1/1998
30218581 N/A 1/1/2008 N 4089957.63 4086570.91 5/1/1998
30218699 N/A 2/1/2008 N 29944855.12 29919990.71 5/1/1998
30218576 N/A 2/1/2008 N 6697665.95 6691995.06 5/1/1998
30218521 N/A 1/1/2008 N 3342080.91 3339409.47 5/1/1998
30218599 N/A 2/1/2008 N 6644000.50 6635301.05 5/1/1998
30218700 N/A 2/1/2005 N 23277747.59 23258756.41 5/1/1998
30218701 N/A 2/1/2005 N 20562675.84 20545899.76 5/1/1998
<FN>
(1) Property Type Code
SS- Self Storage
MF- Multi- Family
RT- Retail
HC- Health Care
IN- Industrial
WH- Warehouse
MH- Mobile Home Park
OF- Office
LO- Lodging
MU- Mixed Use
OT- Other
(2) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Server
10- Deed In Lieu of Foreclosure
(3) Modification Code
1- Maturity Date Extension
2- Amortization Change
3- Principal Write- Off
4- Combination
</FN>
</TABLE>
Principal Prepayment Detail
No Principal Prepayments this Period
<TABLE>
<CAPTION>
Historical Detail
5/20/98 4/20/98
Delinquencies # Balance # Balance
<S> <C> <C> <C> <C>
30- 59 Days $0.00 0 $0.00 0
60- 89 Days $0.00 0 $0.00 0
90 Days or More $0.00 0 $0.00 0
Foreclosure $0.00 0 $0.00 0
REO $0.00 0 $0.00 0
Modifications $0.00 0 $0.00 0
</TABLE>
<TABLE>
<CAPTION>
Prepayments # Balance # Balance
<S> <C> <C> <C> <C>
Curtailments $0.00 0 $0.00 0
Payoff $0.00 0 $0.00 0
</TABLE>
<TABLE>
<CAPTION>
Rate and Maturities
<S> <C> <C>
Next Weighted Avg. 5/20/98 4/20/98
Coupon 7.700632% 7.700635%
Remit 7.543425% 7.543427%
WAM 107 108
<FN>
Note: Foreclosure and REO Totals are excluded from the delinquencies aging
categories.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Reconciliation Detail
Advance Summary
<S> <C>
P & I Advances Outstanding 255,599.51
Servicing Advances Outstanding 0.00
Reimbursement for Interest on Advances
paid from general collections 0.00
</TABLE>
<TABLE>
<CAPTION>
Servicing Fee Breakdowns
<S> <C>
Current Period Accrued Servicing Fees 130,636.21
Less Delinquent Servicing Fees 5,107.61
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 23,830.04
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 149,358.65
</TABLE>
<TABLE>
<CAPTION>
Certificate Interest Reconciliation
Class Accrued Net Aggregate Distributable Distributable
Certificate Prepayment Certificate Certificate Interest
Interest Interest Shortfall Interest Adjustment
<S> <C> <C> <C> <C>
A-1 1,071,444.90 0.00 1,071,444.90 0.00
A-2 437,157.24 0.00 437,157.24 0.00
A-3 2,311,553.95 0.00 2,311,553.95 0.00
X-1 666,208.74 0.00 666,208.74 0.00
X-2 298,798.06 0.00 298,798.06 0.00
B 287,375.60 0.00 287,375.60 0.00
C 310,976.99 0.00 310,976.99 0.00
D 274,832.84 0.00 274,832.84 0.00
E 155,216.33 0.00 155,216.33 0.00
F 299,801.41 0.00 299,801.41 0.00
G 42,525.02 0.00 42,525.02 0.00
H 106,312.55 0.00 106,312.55 0.00
J 51,030.03 0.00 51,030.03 0.00
K 97,807.58 0.00 97,807.58 0.00
Totals 6,411,04.24 0.00 6,411,041.24 0.00
</TABLE>
<TABLE>
<CAPTION>
Additional Remaining Unpaid
Trust Fund Interest Distributable
Class Expenses Distribution Certificate Interest
<S> <C> <C> <C>
A-1 0.00 1,071,444.90 0.00
A-2 0.00 437,157.24 0.00
A-3 0.00 2,311,553.95 0.00
X-1 0.00 666,208.74 0.00
X-2 0.00 298,798.06 0.00
B 0.00 287,375.60 0.00
C 0.00 310,976.99 0.00
D 0.00 274,832.84 0.00
E 0.00 155,216.33 0.00
F 0.00 299,801.41 0.00
G 0.00 42,525.02 0.00
H 0.00 106,312.55 0.00
J 0.00 51,030.03 0.00
K 0.00 97,807.58 0.00
Totals 0.00 6,411,041.24 0.00
</TABLE>
<TABLE>
<CAPTION>
Delinquency Loan Detail
Offering # of Current Outstanding
Loan Number Document Months Paid Through P & I P & I
Cross- Reference Delinq. Date Advances Advances**
<S> <C> <C> <C> <C> <C>
30218595 50006 0 4/1/98 25,113.33 25,113.33
30218616 50014 0 4/1/98 16,370.21 16,370.21
30218610 50022 0 4/1/98 14,537.91 14,537.91
30218597 50091 0 4/1/98 16,880.46 16,880.46
30218596 50093 0 4/1/98 22,406.08 22,406.08
30218552 50140 0 4/1/98 15,822.07 15,822.07
30218667 50239 0 4/1/98 29,996.02 29,996.02
30218607 50343 0 4/1/98 13,249.29 13,249.29
30218579 50365 0 4/1/98 28,926.37 28,926.37
30218580 50373 0 4/1/98 29,079.95 29,079.95
30218598 50399 0 4/1/98 8,944.22 8,944.22
30218608 50489 0 4/1/98 12,029.75 12,029.75
30218572 50587 0 4/1/98 22,243.85 22,243.85
Totals 255,599.51 255,599.51
</TABLE>
<TABLE>
<CAPTION>
Status of Resolution Current
Loan Number Mortgage Strategy Servicing Foreclosure Servicing
Loan(1) Code Transfer Date Date Advances
<S> <C> <C> <C> <C> <C>
30218595 B
30218616 A
30218610 A
30218597 B
30218596 B
30218552 B
30218667 A
30218607 B
30218579 B
30218580 B
30218598 B
30218608 B
30218572 B
</TABLE>
<TABLE>
<CAPTION>
Outstanding
Loan Number Servicing Bankruptcy REO
Advances Date Date
<S> <C> <C> <C>
30218595
30218616
30218610
30218597
30218596
30218552
30218667
30218607
30218579
30218580
30218598
30218608
30218572
<FN>
(1) Status of Mortgage Loan
A- Payment Not Received But Still in Grace Period
B- Late Payment But Less Than 1 Month Delinquent
0- Current
1- One Month Delinquent
2- Two Months Delinquent
3- Three Or More Months Delinquent
4- Assumed Scheduled Payment (Performing Matured Balloon)
7- Foreclosure
9- REO
(2) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Server
10-Deed In Lieu Of Foreclosure
** Outstanding P & I Advances include the current period advance
</FN>
</TABLE>
Specially Serviced Loan Detail - Part 1
No Specially Serviced Loans this Period
Specially Serviced Loan Detail - Part 2
No Specially Serviced Loans this Period
Modified Loan Detail
No Modified Loans
Liquidated Loan Detail
No Liquidated Loans this Period
