<PAGE>
===============================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) February 17,1998
DLJ Commercial Mortgage Corp.
- - -------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)
Delaware 333-32019 13-3956945
- - -------------------------------------------------------------------------------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
277 Park Avenue, New York, New York 10172
- - -------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 892-3000
--------------
- - -------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
===============================================================================
<PAGE>
Item 5. Other Events.
It is expected that during late February or early March of 1998, a
single series of certificates, entitled DLJ Commercial Mortgage Corp.,
Commercial Mortgage Pass-Through Certificates, Series 1998-CF1 (the
"Certificates"), will be issued pursuant to a pooling and servicing agreement
(the "Pooling and Servicing Agreement"), to be entered into by and among DLJ
Commercial Mortgage Corp. (the "Registrant"), Banc One Mortgage Capital Markets,
LLC, as servicer (the "Servicer"), Clarion Capital, as special servicer (the
"Special Servicer") and Norwest Bank Minnesota, National Association, as trustee
(the "Trustee") and REMIC administrator ("REMIC Administrator"). Certain classes
of the Certificates (the "Underwritten Certificates") will be registered under
the Registrant's registration statement on Form S-3 (no. 333-32019) and sold to
Donaldson, Lufkin & Jenrette Securities Corporation (the "Underwriter") pursuant
to an underwriting agreement (the "Underwriting Agreement") to be entered into
by and between the Registrant and the Underwriter.
In connection with the expected sale of the Underwritten Certificates,
the Underwriter has advised the Registrant that it has furnished to prospective
investors certain information attached hereto as Exhibits 99.1 and 99.2 that may
be considered "Computational Materials" (as defined in the no-action letter
dated May 20, 1994 issued by the Division of Corporation Finance of the
Securities and Exchange Commission (the "Commission") to Kidder, Peabody
Acceptance Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May 27, 1994 issued
by the Division of Corporation Finance of the Commission to the Public
Securities Association) and "ABS Term Sheets" (as defined in the no-action
letter dated February 17, 1995 issued by the Division of Corporation Finance of
the Commission to the Public Securities Association).
The Computational Materials and ABS Term Sheets attached hereto have
been prepared and provided to the Registrant by the Underwriter. The information
in such Computational Materials and ABS Term Sheets is preliminary and will be
superseded by the final Prospectus Supplement relating to the Underwritten
Certificates and by any other information subsequently filed with the
Commission. To the extent any Computational Materials and ABS Term Sheets
previously filed by the Registrant with respect to the Underwritten Certificates
are inconsistent with the Computational Materials and ABS Term Sheets attached
hereto, such previously filed Computational Materials and ABS Term Sheets are
superseded by the Computational Materials and ABS Term Sheets attached hereto.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired:
Not applicable.
(b) Pro forma financial information:
Not applicable.
-2-
<PAGE>
(c) Exhibits:
Exhibit No. Description
99.1 Computational Materials and ABS Term Sheets, dated February
17, 1998, prepared by Donaldson, Lufkin & Jenrette Securities
Corporation.
99.2 Computational Materials and ABS Term Sheets, dated February
17, 1998, prepared by Donaldson, Lufkin & Jenrette Securities
Corporation.
-3-
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: February 17, 1998
DLJ COMMERCIAL MORTGAGE CORP.
By: /s/ N. Dante LaRocca
------------------------------
Name: N. Dante LaRocca
Title: Senior Vice President
-4-
<PAGE>
EXHIBIT INDEX
The following exhibits are filed herewith:
Exhibit No. Page No.
99.1 Computational Materials and ABS Term Sheets,
dated February 17, 1998, prepared by Donaldson,
Lufkin & Jenrette Securities Corporation.
99.2 Computational Materials and ABS Term Sheets, dated February
17, 1998, prepared by Donaldson, Lufkin & Jenrette Securities
Corporation.
-5-
<PAGE>
Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette Securities Corporation
277 Park Avenue, New York, New York 10172
- - --------------------------------------------------------------------------------
Real Estate Finance Group
COMMERCIAL MORTGAGE TRADING
$838,796,331 (+/- 5%)
(Initial Mortgage Pool Balance)
"Column Conduit VII"
DLJ COMMERCIAL MORTGAGE CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-CF1
Class CP, Class S, Class A-1A, Class A-1B, Class A-2, Class A-3,
Class B-1, Class B-2
** PRELIMINARY SUMMARY MEMORANDUM **
Dated February 17, 1998
This investment summary is a computational, structural and/or collateral
term sheet prepared solely for informational purposes. No offer to sell or
solicitation of any offer to purchase securities is being made hereby. This
summary is designed for use by Donaldson, Lufkin & Jenrette Securities
Corporation personnel to assist them in determining whether potential
investors wish to proceed with an in-depth investigation of the proposed
subject offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by
Donaldson, Lufkin & Jenrette Securities Corporation or any of its respective
affiliates. Therefore, none of Donaldson, Lufkin & Jenrette Securities
Corporation nor any of its respective affiliates make any representations or
warranties with respect to the information contained herein or as to the
appropriateness, usefulness or completeness of these materials. Any
computational information set forth herein (including without limitation any
computations of yields and weighted average life) is hypothetical and based
on certain assumptions (including without limitation assumptions regarding
the rate and timing of voluntary and involuntary prepayments of the mortgage
loan/loans or assumptions that the mortgage loan/loans will not be prepaid
voluntarily or involuntarily or liquidated). The actual characteristics and
performance of the mortgage loan/loans will differ from such assumptions and
such differences may be material. This document is subject to errors,
omissions and changes in the information and is subject to modification or
withdrawal at any time with or without notice. These materials and the
information contained herein supersedes any and all information contained in
any previously furnished computational, structural and/or collateral terms
sheets and shall be superseded by any subsequently furnished similar
materials. These materials and the information contained herein shall be
superseded by a final prospectus and prospectus supplement and by subsequent
summary memoranda. NO PURCHASE OF ANY SECURITIES MAY BE MADE UNLESS AND
UNTIL A FINAL PROSPECTUS, PROSPECTUS SUPPLEMENT OR SIMILAR PRIVATE PLACEMENT
MEMORANDUM HAS BEEN RECEIVED BY A POTENTIAL INVESTOR AND SUCH INVESTOR HAS
COMPLIED WITH ALL ADDITIONAL RELATED OFFERING REQUIREMENTS. The contents
herein are not to be reproduced without the express written consent of
Donaldson, Lufkin & Jenrette Securities Corporation. Donaldson, Lufkin &
Jenrette Securities Corporation and its affiliates expressly reserve the
right, at their sole discretion, to reject any or all proposals or
expressions of interest in the subject proposed offering and to terminate
discussions with any party at any time with or without notice.
- - --------------------------------------------------------------------------------
<PAGE>
Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette Securities Corporation
277 Park Avenue, New York, New York 10172
- - --------------------------------------------------------------------------------
Real Estate Finance Group
COMMERCIAL MORTGAGE TRADING
DLJ Commercial Mortgage Corp.
Commercial Mortgage Pass-Through Certificates, Series 1998-CF1
"Column Conduit VII"
<TABLE>
<CAPTION>
- - -----------------------------------------------------------------------------------------------------------------------------------
| -------------------------------------------------------------------------------------------------------------------------------- |
| | Servicing Fee | |
| -------------------------------------------------------------------------------------------------------------------------------- |
| -------------------------------------------------------------------------------------------------------------------------------- |
| | Class S Public | |
| | ------------------------------------------------------ | |
| | | ------------------------------------------------- | | |
| | | | | | | |
| | | | Class CP Public | | | |
| | | | ------------ | | |
| | | | | --------- | | |
| | | | ------------ |Public | | | |
| | | | | --------- | | | | |
| | | | ------------ |Public | | | ---------------------------------- | |
| | | | | --------- | | | | --------- --------- --------- | | |
| | | | ------------ |Public | | | | | |Private| |Private| |Private| ----------------------------| |
| | | | | --------- | | | | | | | | | | | | -------- -------- --------| |
| | ----- ----- |Public | | | | | | | | | | | | | |Private| |Private| |Private| |
| | | --------- | | | | | | | | | | | | | | | | | | | | |
| --------- |Public | | | | | | | | | | | | | | | | | | | | | |
| --------- | | | | | | | | | | | | | | | | | | | | | | |
| |Public | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | Class | | Class | | Class | | Class | | Class | | Class | | Class | | Class | | Class | | Class | | Class | | Class | |
| | A-1A | | A-1B | | A-2 | | A-3 | | B-1 | | B-2 | | B-3 | | B-4 | | B-5 | | B-6 | | B-7 | | C | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- |
- - ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
Expected ($) (%) (%) Avg Prin Price Price Aprx ERISA/
Class SP/FT/MD Balance Balance Sub Life(1) Mat(1) Win(1) Talk Index Price Status SMMEA
- - ----- -------- ------- ------- --- ------- ------ ------ ----- ----- ----- ------ ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CP AAA/AAA/Aaa 482,300,000 na na 7.1 Apr-05 na 80-85 Curve 5-04 Public Yes/Yes
S AAA/AAA/Aaa 838,796,331 na na 9.9 Jan-18 na 325 Area Curve 4-14 Public Yes/Yes
A-1A AAA/AAA/Aaa 125,000,000 14.90 29.50 5.2 Oct-06 103 65 Area 5 Yr UST 100-08 Public Yes/Yes
A-1B AAA/AAA/Aaa 466,300,000 55.59 29.50 9.7 Feb-08 17 75 Area 10 Yr UST 101-00 Public Yes/Yes
A-2 AA/AA/Aa2 50,400,000 6.01 23.50 9.9 Feb-08 1 88-93 10 Yr UST 101-00 Public No/Yes
A-3 A/A/A2 50,300,000 6.00 17.50 9.9 Feb-08 1 98-103 10 Yr UST 101-00 Public No/No
B-1 BBB/BBB/Baa2 41,900,000 5.00 12.51 10.1 Nov-09 22 135-140 10 Yr UST 101-00 Public No/No
B-2 BBB-/nr/Baa3 14,700,000 1.75 10.75 11.8 Jan-10 3 155-165 Curve 101-00 Public No/No
B-3 BB+/BB+/Ba1 10,000,000 1.19 9.56 11.9 Jun-10 6 ****** ** (2) ** ****** Private No/No
B-4 BB/BBB/nr 27,100,000 3.23 6.33 14.3 Jan-13 32 ****** ** (2) ** ****** Private No/No
B-5 BB-/nr/nr 15,000,000 1.79 4.54 17.2 Sep-17 57 ****** ** (3) ** ****** Private No/No
B-6 B/nr/nr 15,000,000 1.79 2.75 19.7 Nov-17 3 ****** ** (3) ** ****** Private No/No
B-7 nr/B-/nr 6,300,000 0.75 2.00 19.7 Nov-17 1 ****** ** (3) ** ****** Private No/No
C nr/nr/nr 16,796,331 2.00 0.00 19.7 Jan-18 3 ****** ** (3) ** ****** Private No/No
----------- ------
Total 838,796,331 100.00
=========== ======
</TABLE>
(1) Reflects average life, maturity and principal window. Assumes 0% CPR, no
defaults and no extensions.
(2) Not Publicly Offered
(3) Sold
This investment summary is a computational, structural and/or collateral
term sheet prepared solely for informational purposes. No offer to sell or
solicitation of any offer to purchase securities is being made hereby. This
summary is designed for use by Donaldson, Lufkin & Jenrette Securities
Corporation personnel to assist them in determining whether potential
investors wish to proceed with an in-depth investigation of the proposed
subject offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by
Donaldson, Lufkin & Jenrette Securities Corporation or any of its respective
affiliates. Therefore, none of Donaldson, Lufkin & Jenrette Securities
Corporation nor any of its respective affiliates make any representations or
warranties with respect to the information contained herein or as to the
appropriateness, usefulness or completeness of these materials. Any
computational information set forth herein (including without limitation any
computations of yields and weighted average life) is hypothetical and based
on certain assumptions (including without limitation assumptions regarding
the rate and timing of voluntary and involuntary prepayments of the mortgage
loan/loans or assumptions that the mortgage loan/loans will not be prepaid
voluntarily or involuntarily or liquidated). The actual characteristics and
performance of the mortgage loan/loans will differ from such assumptions and
such differences may be material. This document is subject to errors,
omissions and changes in the information and is subject to modification or
withdrawal at any time with or without notice. These materials and the
information contained herein supersedes any and all information contained in
any previously furnished computational, structural and/or collateral terms
sheets and shall be superseded by any subsequently furnished similar
materials. These materials and the information contained herein shall be
superseded by a final prospectus and prospectus supplement or similar private
placement memorandum. NO PURCHASE OF ANY SECURITIES MAY BE MADE UNLESS AND
UNTIL A FINAL PROSPECTUS, PROSPECTUS SUPPLEMENT OR SIMILAR PRIVATE PLACEMENT
MEMORANDUM HAS BEEN RECEIVED BY A POTENTIAL INVESTOR AND SUCH INVESTOR HAS
COMPLIED WITH ALL ADDITIONAL RELATED OFFERING REQUIREMENTS. The contents
herein are not to be reproduced without the express written consent of
Donaldson, Lufkin & Jenrette Securities Corporation. Donaldson, Lufkin &
Jenrette Securities Corporation and its affiliates expressly reserve the
right, at their sole discretion, to reject any or all proposals or
expressions of interest in the subject proposed offering and to terminate
discussions with any party at any time with or without notice.
- - --------------------------------------------------------------------------------
<PAGE>
Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette Securities Corporation
277 Park Avenue, New York, New York 10172
- - --------------------------------------------------------------------------------
Real Estate Finance Group
COMMERCIAL MORTGAGE TRADING
DLJ Commercial Mortgage Corp.
Commercial Mortgage Pass-Through Certificates, Series 1998-CF1
"Column Conduit VII"
- - --------------------------------------------------------------------------------
Collateral: The Trust Fund will consist of a pool of 168
fixed-rate, monthly-pay mortgage loans with an
aggregate balance of approximately $838,796,331, each
of which is, in general, secured by a first lien on a
fee and/or leashold interest in a multifamily or
commercial property. The properties are located
throughout 31 states and the District of Columbia
with the largest concentrations (by balance) in NJ
13.3% (5 loans), CA 10.3% (19 loans) and MN 7.6% (9
loans).
- - --------------------------------------------------------------------------------
Mortgage Loan The mortgage loans were originated between July 1997 and
Origination: January 1998 by 4 participants in DLJ Mortgage Capital,
Inc.'s ("DLJMC") commercial and multifamily mortgage
loan conduit program. Approximately 89.7% of the
mortgage loans were originated by Column Financial,
Inc. The remaining mortgage loans were originated by
Union Capital Investments LLC (8.0%), ARCS Commercial
Mortgage (2.1%) and GMAC Commercial Mortgage
Corporation (0.2%). All mortgage loans were
underwritten with third party due diligence reports.
Column Financial, Inc. ("Column"), formed in 1993, is
a wholly owned subsidiary of DLJMC. Column is a
commercial conduit for sourcing, underwriting and
closing multifamily and commercial mortgage loans.
Mortgage loans closed by Column are originated
primarily through a nationwide network of commercial
mortgage correspondents in local markets.
- - --------------------------------------------------------------------------------
Servicer: Banc One Mortgage Capital Dealer: Donaldson, Lufkin &
Markets, LLC Jenrette Securities
- - --------------------------------------------------------------------------------
Special Clarion Partners, LLC Expected March 5, 1998
Servicer: Settlement:
- - --------------------------------------------------------------------------------
Rating S&P, Fitch & Moody's Trustee: Norwest Bank
Agency: Minnesota, National
Association
- - --------------------------------------------------------------------------------
Extensions: The Special Servicer will not be permitted to grant any
extension of the maturity of a mortgage loan beyond 36
months of such mortgage loan's stated maturity date.
- - --------------------------------------------------------------------------------
Controlling The Controlling Class of certificateholders may appoint a
Class: Special Servicer and replace the existing Special Servicer.
Controlling Class - will be the most subordinate class of
certificates which has an aggregate certificate principal
amount greater than 25% (or in the case of the Class C
certificates, 20%) of its original aggregate certificate
principal amount.
- - --------------------------------------------------------------------------------
- - --------------------------------------------------------------------------------
This investment summary is a computational, structural and/or collateral
term sheet prepared solely for informational purposes. No offer to sell or
solicitation of any offer to purchase securities is being made hereby. This
summary is designed for use by Donaldson, Lufkin & Jenrette Securities
Corporation personnel to assist them in determining whether potential
investors wish to proceed with an in-depth investigation of the proposed
subject offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by
Donaldson, Lufkin & Jenrette Securities Corporation or any of its respective
affiliates. Therefore, none of Donaldson, Lufkin & Jenrette Securities
Corporation nor any of its respective affiliates make any representations or
warranties with respect to the information contained herein or as to the
appropriateness, usefulness or completeness of these materials. Any
computational information set forth herein (including without limitation any
computations of yields and weighted average life) is hypothetical and based
on certain assumptions (including without limitation assumptions regarding
the rate and timing of voluntary and involuntary prepayments of the mortgage
loan/loans or assumptions that the mortgage loan/loans will not be prepaid
voluntarily or involuntarily or liquidated). The actual characteristics and
performance of the mortgage loan/loans will differ from such assumptions and
such differences may be material. This document is subject to errors,
omissions and changes in the information and is subject to modification or
withdrawal at any time with or without notice. These materials and the
information contained herein supersedes any and all information contained in
any previously furnished computational, structural and/or collateral terms
sheets and shall be superseded by any subsequently furnished similar
materials. These materials and the information contained herein shall be
superseded by a final prospectus and prospectus supplement and by subsequent
summary memoranda. NO PURCHASE OF ANY SECURITIES MAY BE MADE UNLESS AND
UNTIL A FINAL PROSPECTUS, PROSPECTUS SUPPLEMENT OR SIMILAR PRIVATE PLACEMENT
MEMORANDUM HAS BEEN RECEIVED BY A POTENTIAL INVESTOR AND SUCH INVESTOR HAS
COMPLIED WITH ALL ADDITIONAL RELATED OFFERING REQUIREMENTS. The contents
herein are not to be reproduced without the express written consent of
Donaldson, Lufkin & Jenrette Securities Corporation. Donaldson, Lufkin &
Jenrette Securities Corporation and its affiliates expressly reserve the
right, at their sole discretion, to reject any or all proposals or
expressions of interest in the subject proposed offering and to terminate
discussions with any party at any time with or without notice.
- - --------------------------------------------------------------------------------
<PAGE>
Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette Securities Corporation
277 Park Avenue, New York, New York 10172
- - --------------------------------------------------------------------------------
Real Estate Finance Group
COMMERCIAL MORTGAGE TRADING
DLJ Commercial Mortgage Corp.
Commercial Mortgage Pass-Through Certificates, Series 1998-CF1
"Column Conduit VII"
- - --------------------------------------------------------------------------------
Advances: Advances subject to recoverability determination and
appraisal reductions.
- - --------------------------------------------------------------------------------
Priority of On each distribution date, interest will be distributed to
Interest: each of the classes in the following order of priority:
1. Class S, CP(1), A-1A and A-1B, pro rata
2. Class A-2
3. Class A-3
4. Class B-1
5. Class B-2
6. Class B-3
7. Class B-4
8. Class B-5
8. Class B-6
8. Class B-7
9. Class C
(1) The Class CP is not entitled to receive interest
after _____ (subject to change based on pricing).
- - --------------------------------------------------------------------------------
Priority of On each distribution date, principal will be distributed and
Principal: losses will be allocated to each of the classes in the
following order of priority:
Scheduled and Prepayments(1) Losses
---------------------------- ------------------
1. Class A-1A 1. Class C
2. Class A-1B(2) 2. Class B-7
3. Class A-2 3. Class B-6
4. Class A-3 4. Class B-5
5. Class B-1 5. Class B-4
6. Class B-2 6. Class B-3
7. Class B-3 7. Class B-2
8. Class B-4 8. Class B-1
9. Class B-5 9. Class A-3
10. Class B-6 10. Class A-2
11. Class B-7 11. Class A-1A and
12. Class C A-1B, pro rata
(1) None of the following classes will receive any principal
distributions until all classes, if any, listed above it are
retired.
(2) Pro rata with Class A-1A if Classes A-2 through C are gone.
- - -------------------------------------------------------------------------------
This investment summary is a computational, structural and/or collateral
term sheet prepared solely for informational purposes. No offer to sell or
solicitation of any offer to purchase securities is being made hereby. This
summary is designed for use by Donaldson, Lufkin & Jenrette Securities
Corporation personnel to assist them in determining whether potential
investors wish to proceed with an in-depth investigation of the proposed
subject offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by
Donaldson, Lufkin & Jenrette Securities Corporation or any of its respective
affiliates. Therefore, none of Donaldson, Lufkin & Jenrette Securities
Corporation nor any of its respective affiliates make any representations or
warranties with respect to the information contained herein or as to the
appropriateness, usefulness or completeness of these materials. Any
computational information set forth herein (including without limitation any
computations of yields and weighted average life) is hypothetical and based
on certain assumptions (including without limitation assumptions regarding
the rate and timing of voluntary and involuntary prepayments of the mortgage
loan/loans or assumptions that the mortgage loan/loans will not be prepaid
voluntarily or involuntarily or liquidated). The actual characteristics and
performance of the mortgage loan/loans will differ from such assumptions and
such differences may be material. This document is subject to errors,
omissions and changes in the information and is subject to modification or
withdrawal at any time with or without notice. These materials and the
information contained herein supersedes any and all information contained in
any previously furnished computational, structural and/or collateral terms
sheets and shall be superseded by any subsequently furnished similar
materials. These materials and the information contained herein shall be
superseded by a final prospectus and prospectus supplement and by subsequent
summary memoranda. No purchase of any securities may be made unless and
until a final prospectus, prospectus supplement or similar private placement
memorandum has been received by a potential investor and such investor has
complied with all additional related offering requirements. The contents
herein are not to be reproduced without the express written consent of
Donaldson, Lufkin & Jenrette Securities Corporation. Donaldson, Lufkin &
Jenrette Securities Corporation and its affiliates expressly reserve the
right, at their sole discretion, to reject any or all proposals or
expressions of interest in the subject proposed offering and to terminate
discussions with any party at any time with or without notice.
- - -------------------------------------------------------------------------------
<PAGE>
Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette Securities Corporation
277 Park Avenue, New York, New York 10172
- - -------------------------------------------------------------------------------
Real Estate Finance Group
COMMERCIAL MORTGAGE TRADING
DLJ Commercial Mortgage Corp.
Commercial Mortgage Pass-Through Certificates, Series 1998-CF1
"Column Conduit VII"
- - -------------------------------------------------------------------------------
Prepayment All of the mortgage loans provide for either a prepayment
Protection and lockout period ("Lockout"), a defeasance period
Distribution: ("Defeasance"), a yield maintenance premium ("YMP") period
and/or a prepayment premium ("PP") period or a combination
thereof.
All YMPs collected on the mortgage loans will be
distributed as described below:
I. Class CP Notional Amount Not Effected by Prepayment
<TABLE>
<S> <C> <C>
-------------------------- -------------------------- --------------------------
| | | | | |
| CYMA Due | | Total YMP Collected | 100% | Class S |
| P&I Classes |------| Less |------| Additional Interest |
| | | CYMA Paid | | |
| | | | | |
-------------------------- -------------------------- --------------------------
</TABLE>
II. Class CP Notional Amount Effected by Prepayment
<TABLE>
<S> <C> <C>
--------------------------
75% | |
-------------------------- -------------------------- ---------| Class CP |
| | | | | | Additional Interest |
| CYMA Due | | Total YMP Collected | Split | --------------------------
| P&I Classes |------| Less |-------|
| | | CYMA Paid | | --------------------------
| | | | | 25% | |
-------------------------- -------------------------- ---------| Class S |
| Additional Interest |
--------------------------
</TABLE>
Note: All PPs collected will be distributed to the Class S
and/or Class CP certificates as described above.
The certificate yield maintenance amount ("CYMA") for the
P&I classes equals the lessor of (a) 25% of the total yield
maintenance premium collected and (b) fraction (not
greater than one or less than zero) of which, (i) the
numerator is equal to the excess of a specified class
pass-through rate over the relevant discount rate and
(ii) the denominator is equal to the excess of the
mortgage rate on the related loan over the relevant
discount rate.
- - -------------------------------------------------------------------------------
This investment summary is a computational, structural and/or collateral
term sheet prepared solely for informational purposes. No offer to sell or
solicitation of any offer to purchase securities is being made hereby. This
summary is designed for use by Donaldson, Lufkin & Jenrette Securities
Corporation personnel to assist them in determining whether potential
investors wish to proceed with an in-depth investigation of the proposed
subject offering. While the information contained herein is from sources
believed to be reliable, it has not been independently verified by Donaldson,
Lufkin & Jenrette Securities Corporation or any of its respective affiliates.
Therefore, none of Donaldson, Lufkin & Jenrette Securities Corporation nor any
of its respective affiliates make any representations or warranties with
respect to the information contained herein or as to the appropriateness,
usefulness or completeness of these materials. Any computational information
set forth herein (including without limitation any computations of yields and
weighted average life) is hypothetical and based on certain assumptions
(including without limitation assumptions regarding the rate and timing of
voluntary and involuntary prepayments of the mortgage loan/loans or
assumptions that the mortgage loan/loans will not be prepaid voluntarily or
involuntarily or liquidated). The actual characteristics and performance of
the mortgage loan/loans will differ from such assumptions and such differences
may be material. This document is subject to errors, omissions and changes in
the information and is subject to modification or withdrawal at any time with
or without notice. These materials and the information contained herein
supersedes any and all information contained in any previously furnished
computational, structural and/or collateral terms sheets and shall be
superseded by any subsequently furnished terms sheets. These materials and the
information contained herein shall be superseded by a final prospectus,
prospectus supplement or similar private placement memorandum. NO PURCHASE OF
ANY SECURITIES MAY BE MADE UNLESS AND UNTIL A FINAL PROSPECTUS, PROSPECTUS
SUPPLEMENT OR SIMILAR PRIVATE PLACEMENT MEMORANDUM HAS BEEN RECEIVED BY A
POTENTIAL INVESTOR AND SUCH INVESTOR HAS COMPLIED WITH ALL ADDITIONAL RELATED
OFFERING REQUIREMENTS. The contents herein are not to be reproduced without
the express written consent of Donaldson, Lufkin & Jenrette Securities
Corporation. Donaldson, Lufkin & Jenrette Securities Corporation and its
affiliates expressly reserve the right, at their sole discretion, to reject
any or all proposals or expressions of interest in the subject proposed
offering and to terminate discussions with any party at any time with or
without notice.
- - -------------------------------------------------------------------------------
<PAGE>
Donaldson, Lufkin & Jenrette - Real Estate Finance Group
DLJCMC-1998CF1V5 S
Default / Loss Table (Flat File Coll, Ppy Lock, Lockout thru YMP,
Lockout thru Ppy Pen. period)
- - -------------------------------------------------------------------------------
Current Balance : $838,796,331.18 Current WAM : 336
Pass-Thru Rate : 0.7215 Settlement : 03/05/98
Accrued Days Delay / Days : 4 / 14
- - -------------------------------------------------------------------------------
Price: 4.43290 4-14
<TABLE>
<CAPTION>
Prepayments (Workout: 6 months)
-------------------------------------------------------------------------
Default Loss 0.0% CPR 25.0% CPR
---------------------------------- ----------------------------------
Assumption Severity WAL Spd WAL ModDur Coll Loss WAL Spd WAL ModDur Coll Loss
- - -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0.00% CDR 30.0% 325 9.89 4.91 0 306 9.77 4.89 0
D Vect 1 30.0% 202 9.54 4.88 20,191,428 185 9.44 4.86 19,928,776
D Vect 2 30.0% 67 9.22 4.81 38,730,071 52 9.12 4.80 38,258,568
D Vect 3 30.0% -76 8.91 4.71 55,755,863 -93 8.83 4.69 55,120,400
D Vect 4 30.0% -168 8.62 4.76 71,395,811 -187 8.54 4.74 70,633,743
<CAPTION>
Prepayments (Workout: 6 months)
--------------------------------------------------------------------------
Default 65.0% CPR 100.0% CPR
----------------------------------- ----------------------------------
Assumption WAL Spd WAL ModDur Coll Loss WAL Spd WAL ModDur Coll Loss
- - --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0.00% CDR 281 9.63 4.85 0 210 9.35 4.79 0
D Vect 1 159 9.31 4.83 19,607,452 87 9.05 4.77 18,957,251
D Vect 2 28 9.01 4.78 37,678,182 -46 8.77 4.72 36,483,943
D Vect 3 -118 8.72 4.67 54,333,501 -194 8.50 4.61 52,688,345
D Vect 4 -214 8.45 4.72 69,684,592 -297 8.25 4.64 67,670,081
</TABLE>
Treasury Curve: 1 Yr 5.2700%; 2 Yr 5.3700%; 3 Yr 5.3900%; 5 Yr 5.4300%;
10 Yr 5.5600%; 30 Yr 5.8400%.
<TABLE>
<S> <C>
1. Default Vector (Relative to Settle Date): 1-18 mo = 0.00% CDR; 19-life = 1.00% CDR.
2. Default Vector (Relative to Settle Date): 1-18 mo = 0.00% CDR; 19-life = 2.00% CDR.
3. Default Vector (Relative to Settle Date): 1-18 mo = 0.00% CDR; 19-life = 3.00% CDR.
4. Default Vector (Relative to Settle Date): 1-18 mo = 0.00% CDR; 19-life = 4.00% CDR.
</TABLE>
The analyses, calculations, and valuations herein are based on certain
assumptions and data provided by third parties which may vary from the actual
characteristics of the pool. Donaldson, Lufkin and Jenrette Securities
Corporation makes no representation that such analyses or calculations are
accurate or that such valuations represent levels where actual trades may
occur. Investors should rely on the information contained in or filed in
connection with the prospectus / prospectus supplement.
<PAGE>
Donaldson, Lufkin & Jenrette - Real Estate Finance Group
<TABLE>
<CAPTION>
DLJCMC-1998CF1V5 CP
Default / Loss Table (Flat File Coll, Ppy Lock, Lockout thru YMP, Lockout thru Ppy Pen. period)
- - -----------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Current Balance : $482,300,000.00 Current WAM : 336
Pass-Thru Rate : 0.9200 Settlement : 03/05/98
Accrued Days / Delay Days : 4 / 14
- - ------------------------------------------------------------------------------------------------
Price: 5.12220 5-04
<CAPTION>
- - -----------------------------------------------------------------------------------------------
Prepayments (Workout: 6 months)
-------------------------------------------------------------------------
Default Loss 0.0% CPR 25.0% CPR
---------------------------------- ----------------------------------
Assumption Severity WAL Spd WAL ModDur Coll Loss WAL Spd WAL ModDur Coll Loss
- - -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0.00% CDR 30.0% 85 7.11 3.24 0 85 7.11 3.24 0
D Vect 1 30.0% 85 7.11 3.24 20,191,428 85 7.11 3.24 19,928,776
D Vect 2 30.0% 85 7.11 3.24 38,730,071 85 7.11 3.24 38,258,568
D Vect 3 30.0% 85 7.11 3.24 71,395,811 85 7.11 3.24 70,633,743
D Vect 4 30.0% 85 7.11 3.24 98,969,397 85 7.11 3.24 98,041,739
D Vect 5 30.0% 85 7.11 3.24 122,255,313 84 7.11 3.24 121,247,289
D Vect 6 30.0% 75 7.08 3.23 141,992,411 73 7.07 3.23 140,891,212
<CAPTION>
Prepayments (Workout: 6 months)
--------------------------------------------------------------------------
Default 65.0% CPR 100.0% CPR
----------------------------------- ----------------------------------
Assumption WAL Spd WAL ModDur Coll Loss WAL Spd WAL ModDur Coll Loss
- - --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0.00% CDR 85 7.11 3.24 0 85 7.11 3.24 0
D Vect 1 85 7.11 3.24 19,607,452 85 7.11 3.24 18,957,251
D Vect 2 85 7.11 3.24 37,678,182 85 7.11 3.24 36,483,943
D Vect 3 85 7.11 3.24 69,684,592 85 7.11 3.24 67,670,031
D Vect 4 85 7.11 3.24 96,873,657 85 7.11 3.24 94,325,323
D Vect 5 84 7.11 3.24 119,965,296 84 7.11 3.24 117,100,860
D Vect 6 70 7.07 3.23 139,567,977 66 7.06 3.23 136,551,178
</TABLE>
Treasury Curve: 1 Yr 5.2700%; 2 Yr 5.3700%; 3 Yr 5.3900%; 5 Yr 5.4300%;
10 Yr 5.560Q%; 30 Yr 5.8400%.
<TABLE>
<S> <C>
1. Default Vector (Relative to Settle Date): 1-18 mo = 0.00%; CDR; 19-life = 1.00% CDR.
2. Default Vector (Relative to Settle Date): 1-18 mo = 0.00%; CDR; 19-life = 2.00% CDR.
3. Default Vector (Relative to Settle Date): 1-18 mo = 0.00%; CDR; 19-life = 4.00% CDR.
4. Default Vector (Relative to Settle Date): 1-18 mo = 0.00%; CDR; 19-life = 6.00% CDR.
5. Default Vector (Relative to Settle Date): 1-18 mo = 0.00%; CDR; 19-life = 8.00% CDR.
6. Default Vector (Relative to Settle Date): 1-18 mo = 0.00%; CDR; 19-life = 10.00% CDR.
</TABLE>
The analyses, calculations, and valuations herein are based on certain
assumptions and data provided by third parties which may vary from the actual
characteristics of the pool. Donaldson, Lufkin and Jenrette Securities
Corporation makes no representation that such analyses or calculations are
accurate or that such valuations represent levels where actual trades may occur.
Investors should rely on the information contained in or filed in connection
with the prospectus/prospectus supplement.
<PAGE>
Donaldson, Lufkin & Jenrette - Real Estate Finance Group
<TABLE>
<CAPTION>
DLJCMC-1998CF1V5 A1A
Yield Table (Flat File Coll, Ppy Lock, Lockout thru YMP, Lockout thru Ppy Pen. period)
-------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Current Balance : $125,000,000.00 Current WAM : 336
Pass-Thru Rate : 6.1200 Settlement : 03/05/98
Accrued Days / Delay Days : 4 / 14
-------------------------------------------------------------------------------------------------------------
<CAPTION>
Prepayments
--------------------------------------------------------------------------------------------------------------------
0.0% CPR 25.0% CPR 50.0% CPR 75.0% CPR 100.0% CPR
Price ----------------- --------------- ----------------- -------------- -----------------
Yield ModDur Yield ModDur Yield ModDur Yield ModDur Yield ModDur
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
98.25000 98-08 6.56 4.20 6.57 4.12 6.57 4.06 6.58 4.01 6.59 3.92
98.37500 98-12 6.53 6.54 6.54 6.55 6.55
98.50000 98-16 6.50 6.51 6.51 6.51 6.52
98.62500 98-20 6.47 6.48 6.48 6.48 6.49
98.75000 98-24 6.44 6.44 6.45 6.45 6.46
98.87500 98-28 6.41 6.41 6.42 6.42 6.43
99.00000 99-00 6.38 6.38 6.39 6.39 6.39
99.12500 99-04 6.35 6.35 6.36 6.36 6.36
99.25000 99-08 6.32 4.22 6.32 4.14 6.32 4.08 6.33 4.03 6.33 3.94
99.37500 99-12 6.29 6.29 6.29 6.29 6.30
99.50000 99-16 6.26 6.26 6.26 6.26 6.27
99.62500 99-20 6.23 6.23 6.23 6.23 6.23
99.75000 99-24 6.20 6.20 6.20 6.20 6.20
99.87500 99-28 6.17 6.17 6.17 6.17 6.17
100.00000 100-00 6.14 6.14 6.14 6.14 6.14
100.12500 100-04 6.11 6.11 6.11 6.11 6.11
100.25000 100-08 6.08 4.24 6.08 4.15 6.08 4.09 6.08 4.05 6.08 3.96
100.37500 100-12 6.05 6.05 6.05 6.05 6.04
100.50000 100-16 6.02 6.02 6.02 6.02 6.01
100.62500 100-20 6.00 5.99 5.99 5.99 5.98
100.75000 100-24 5.97 5.96 5.96 5.96 5.95
100.87500 100-28 5.94 5.93 5.93 5.92 5.92
101.00000 101-00 5.91 5.90 5.90 5.89 5.89
101.12500 101-04 5.88 5.87 5.87 5.86 5.86
101.25000 101-08 5.85 4.25 5.84 4.17 5.84 4.11 5.83 4.06 5.83 3.97
101.37500 101-12 5.82 5.81 5.81 5.80 5.79
101.50000 101-16 5.79 5.78 5.78 5.77 5.76
101.62500 101-20 5.76 5.75 5.75 5.74 5.73
101.75000 101-24 5.73 5.73 5.72 5.71 5.70
101.87500 101-28 5.71 5.70 5.69 5.68 5.67
102.00000 102-00 5.68 5.67 5.66 5.65 5.64
102.12500 102-04 5.65 5.64 5.63 5.62 5.61
---------------------------------------------------------------------------------------------------------------------
<CAPTION>
Avg Life 5.21 5.09 4.99 4.92 4.79
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
First Pay 04/15/98 04/15/98 04/15/98 04/15/98 04/15/98
Last Pay 10/15/06 07/15/06 05/15/06 05/15/06 05/15/06
Prin. Window 103 100 98 98 98
---------------------------------------------------------------------------------------------------------------------
</TABLE>
The analyses, calculations, and valuations herein are based on certain
assumptions and data provided by third parties which may vary from the actual
characteristics of the pool. Donaldson, Lufkin and Jenrette Securities
Corporation makes no representation that such analyses or calculations are
accurate or that such valuations represent levels where actual trades may
occur. Investors should rely on the information contained in or filed in
connection with the prospectus/prospectus supplement.
Page 1
<PAGE>
Donaldson, Lufkin & Jenrette - Real Estate Finance Group
<TABLE>
<CAPTION>
DLJCMC-1998CF1V5 A1B
Yield Table (Flat File Coll, Ppy Lock, Lockout thru YMP, Lockout thru Ppy Pen. period)
- - ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Current Balance : $466,300,000.00 Current WAM : 336
Pass-Thru Rate : 6.4000 Settlement : 03/05/98
Accrued Days / Delay Days : 4 / 14
- - ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
Prepayments
--------------------------------------------------------------------------------------------------------------
0.0% CPR 25.0% CPR 50.0% CPR 75.0% CPR 100.0% CPR
Price ---------------- --------------- --------------- --------------- ----------------
Yield ModDur Yield ModDur Yield ModDur Yield ModDur Yield ModDur
--------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
99.00000 99-00 6.59 7.03 6.59 7.00 6.59 6.98 6.59 6.95 6.60 6.81
99.12500 99-04 6.58 6.58 6.58 6.58 6.58
99.25000 99-08 6.56 6.56 6.56 6.56 6.56
99.37500 99-12 6.54 6.54 6.54 6.54 6.54
99.50000 99-16 6.52 6.52 6.52 6.52 6.52
99.62500 99-20 6.50 6.50 6.50 6.50 6.50
99.75000 99-24 6.49 6.49 6.49 6.49 6.49
99.87500 99-28 6.47 6.47 6.47 6.47 6.47
100.00000 100-00 6.45 7.05 6.45 7.02 6.45 7.00 6.45 6.97 6.45 6.83
100.12500 100-04 6.43 6.43 6.43 6.43 6.43
100.25000 100-08 6.42 6.42 6.41 6.41 6.41
100.37500 100-12 6.40 6.40 6.40 6.40 6.39
100.50000 100-16 6.38 6.38 6.38 6.38 6.38
100.62500 100-20 6.36 6.36 6.36 6.36 6.36
100.75000 100-24 6.34 6.34 6.34 6.34 6.34
100.87500 100-28 6.33 6.33 6.33 6.33 6.32
101.00000 101-00 6.31 7.07 6.31 7.04 6.31 7.02 6.31 6.99 6.30 6.84
101.12500 101-04 6.29 6.29 6.29 6.29 6.29
101.25000 101-08 6.27 6.27 6.27 6.27 6.27
101.37500 101-12 6.26 6.26 6.26 6.25 6.25
101.50000 101-16 6.24 6.24 6.24 6.24 6.23
101.62500 101-20 6.22 6.22 6.22 6.22 6.21
101.75000 101-24 6.21 6.20 6.20 6.20 6.20
101.87500 101-28 6.19 6.19 6.19 6.18 6.18
102.00000 102-00 6.17 7.09 6.17 7.06 6.17 7.03 6.17 7.00 6.16 6.86
102.12500 102-04 6.15 6.15 6.15 6.15 6.14
102.25000 102-08 6.14 6.13 6.13 6.13 6.12
102.37500 102-12 6.12 6.12 6.12 6.11 6.11
102.50000 102-16 6.10 6.10 6.10 6.10 6.09
102.62500 102-20 6.08 6.08 6.08 6.08 6.07
102.75000 102-24 6.07 6.07 6.06 6.06 6.05
102.87500 102-28 6.05 6.05 6.05 6.05 6.04
<CAPTION>
---------------------------------------------------------------------------------------------------------
Avg Life 9.72 9.67 9.62 9.56 9.30
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
First Pay 10/15/06 07/15/06 05/15/06 05/15/06 05/15/06
Last Pay 02/15/08 02/15/08 02/15/08 01/15/08 09/15/07
Prin. Window 17 20 22 21 17
</TABLE>
The analyses, calculations, and valuations herein are based on certain
assumptions and data provided by third parties which may vary from the actual
characteristics of the pool. Donaldson, Lufkin and Jenrette Securities
Corporation makes no representation that such analyses or calculations are
accurate or that such valuations represent levels where actual trades may
occur. Investors should rely on the information contained in or filed in
connection with the prospectus / prospectus supplement.
Page 1
<PAGE>
Donaldson, Lufkin & Jenrette - Real Estate Finance Group
<TABLE>
<CAPTION>
DLJCMC-1998CF1V5 A2
Yield Table (Flat File Coll, Ppy Lock, Lockout thru YMP, Lockout thru Ppy Pen. period)
- - ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Current Balance : $50,400,000.00 Current WAM : 336
Pass-Thru Rate : 6.5500 Settlement : 03/05/98
Accrued Days / Delay Days : 4 / 14
- - ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
Prepayments
- - ------------------------------------------------------------------------------------------------------------------------------------
0.0% CPR 25.0% CPR 50.0% CPR 75.0% CPR 100% CPR
--------------------------------------------------------------------------------------------------------------
Price Yield ModDur Yield ModDur Yield ModDur Yield ModDur Yield ModDur
- - ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
99.00000 99-00 6.75 7.10 6.75 7.10 6.75 7.10 6.75 7.08 6.75 6.89
99.12500 99-04 6.73 6.73 6.73 6.73 6.73
99.25000 99-08 6.71 6.71 6.71 6.71 6.71
99.37500 99-12 6.69 6.69 6.69 6.69 6.69
99.50000 99-16 6.67 6.67 6.67 6.67 6.68
99.62500 99-20 6.66 6.66 6.66 6.66 6.66
99.75000 99-24 6.64 6.64 6.64 6.64 6.64
99.87500 99-28 6.62 6.62 6.62 6.62 6.62
100.00000 100-00 6.60 7.12 6.60 7.12 6.60 7.12 6.60 7.10 6.60 6.91
100.12500 100-04 6.59 6.59 6.59 6.59 6.59
100.25000 100-08 6.57 6.57 6.57 6.57 6.57
100.37500 100-12 6.55 6.55 6.55 6.55 6.55
100.50000 100-16 6.53 6.53 6.53 6.53 6.53
100.62500 100-20 6.52 6.52 6.52 6.52 6.51
100.75000 100-24 6.50 6.50 6.50 6.50 6.50
100.87500 100-28 6.48 6.48 6.48 6.48 6.48
101.00000 101-00 6.46 7.14 6.46 7.14 6.46 7.14 6.46 7.12 6.46 6.93
101.12500 101-04 6.45 6.45 6.45 6.45 6.44
101.25000 101-08 6.43 6.43 6.43 6.43 6.42
101.37500 101-12 6.41 6.41 6.41 6.41 6.41
101.50000 101-16 6.40 6.40 6.40 6.40 6.39
101.62500 101-20 6.38 6.38 6.38 6.38 6.37
101.75000 101-24 6.36 6.36 6.36 6.36 6.35
101.87500 101-28 6.34 6.34 6.34 6.34 6.34
102.00000 102-00 6.33 7.15 6.33 7.15 6.33 7.15 6.33 7.14 6.32 6.94
102.12500 102-04 6.31 6.31 6.31 6.31 6.30
102.25000 102-08 6.29 6.29 6.29 6.29 6.28
102.37500 102-12 6.28 6.28 6.28 6.28 6.26
102.50000 102-16 6.26 6.26 6.26 6.26 6.25
102.62500 102-20 6.24 6.24 6.24 6.24 6.23
102.75000 102-24 6.22 6.22 6.22 6.22 6.21
102.87500 102-28 6.21 6.21 6.21 6.21 6.19
- - ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
Avg Life 9.94 9.94 9.94 9.92 9.54
- - ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
First Pay 02/15/08 02/15/08 02/15/08 01/15/08 09/15/07
Last Pay 02/15/08 02/15/08 02/15/08 02/15/08 10/15/07
Prin. Window 1 1 1 2 2
- - ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
The analyses, calculations, and valuations herein are based on certain
assumptions and data provided by third parties which may vary from the actual
characteristics of the pool. Donaldson, Lufkin and Jenrette Securities
Corporation makes no representation that such analyses or calculations are
accurate or that such valuations represent levels where actual trades may
occur. Investors should rely on the information contained in or filed in
connection with the prospectus/prospectus supplement.
Page 1
<PAGE>
Donaldson, Lufkin & Jenrette - Real Estate Finance Group
<TABLE>
<CAPTION>
DLJCMC-1998CF1V5 A3
Yield Table (Flat File Coll, Ppy Lock, Lockout thru YMP, Lockout thru Ppy Pen. period)
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Current Balance : $50,300,000.00 Current WAM : 336
Pass-Thru Rate : 6.7000 Settlement : 03/05/98
Accrued Days / Delay Days : 4 / 14
-------------------------------------------------------------------------------------------------------------------
<CAPTION>
Prepayments
-----------------------------------------------------------------------------------------------------------
0.0% CPR 25.0% CPR 50.0% CPR 75.0% CPR 100.0% CPR
----------------------------------------------------------------------------------
Price Yield ModDur Yield ModDur Yield ModDur Yield ModDur Yield ModDur
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
99.00000 99-00 6.90 7.04 6.90 7.04 6.90 7.04 6.90 7.04 6.90 7.00
99.12500 99-04 6.88 6.88 6.88 6.88 6.88
99.25000 99-08 6.86 6.86 6.86 6.86 6.86
99.37500 99-12 6.85 6.85 6.85 6.85 6.85
99.50000 99-16 6.83 6.83 6.83 6.83 6.83
99.62500 99-20 6.81 6.81 6.81 6.81 6.81
99.75000 99-24 6.79 6.79 6.79 6.79 6.79
99.87500 99-28 6.78 6.78 6.78 6.78 6.77
100.00000 100-00 6.76 7.06 6.76 7.06 6.76 7.06 6.76 7.06 6.76 7.02
100.12500 100-04 6.74 6.74 6.74 6.74 6.74
100.25000 100-08 6.72 6.72 6.72 6.72 6.72
100.37500 100-12 6.70 6.70 6.70 6.70 6.70
100.50000 100-16 6.69 6.69 6.69 6.69 6.69
100.62500 100-20 6.67 6.67 6.67 6.67 6 67
100.75000 100-24 6.65 6.65 6.65 6.65 6.65
100.87500 100-28 6.63 6.63 6.63 6.63 6.63
101.00000 101-00 6.62 7.08 6.62 7.08 6.62 7.08 6.62 7.08 6.62 7.04
101.12500 101-04 6.60 6.60 6.60 6.60 6.60
101.25000 101-08 6.58 6.58 6.58 6.58 6.58
101.37500 101-12 6.56 6.56 6.56 6.56 6.56
101.50000 101-16 6.55 6.55 6.55 6.55 6.55
101.62500 101-20 6.53 6.53 6.53 6.53 6.53
101.75000 101-24 6.51 6.51 6.51 6.51 6.51
101.87500 101-28 6.50 6.50 6.50 6.50 6.49
102.00000 102-00 6.48 7.10 6.48 7.10 6.48 7.10 6.48 7.10 6.48 7.06
102.12500 102-04 6.46 6.46 6.46 6.46 6.46
102.25000 102-08 6.44 6.44 6.44 6.44 6.44
102.37500 102-12 6.43 6.43 6.43 6.43 6.42
102.50000 102-16 6.41 6.41 6.41 6.41 6.41
102.62500 102-20 6.39 6.39 6.39 6.39 6.39
102.75000 102-24 6.38 6.38 6.38 6.38 6.37
102.87500 102-28 6.36 6.36 6.36 6.36 6.36
<CAPTION>
--------------------------------------------------------------------------------------------------------------
Avg Life 9.94 9.94 9.94 9.94 9.86
--------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
First Pay 02/15/08 02/15/08 02/15/08 02/15/08 10/15/07
Last Pay 02/15/08 02/15/08 02/15/08 02/15/08 02/15/08
Prin. Window 1 1 1 1 5
--------------------------------------------------------------------------------------------------------------
</TABLE>
The analyses, calculations, and valuations herein are based on certain
assumptions and data provided by third parties which may vary from the actual
characteristics of the pool. Donaldson, Lufkin and Jenrette Securities
Corporation makes no representation that such analyses or calculations are
accurate or that such valuations represent levels where actual trades may occur.
Investors should rely on the information contained in or filed in connection
with the prospectus/prospectus supplement.
Page 1
<PAGE>
Donaldson, Lufkin & Jenrette - Real Estate Finance Group
<TABLE>
<CAPTION>
DLJCMC-1998CF1V5 B1
Yield Table (Flat File Coll, Ppy Lock, Lockout thru YMP, Lockout thru Ppy Pen. period)
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Current Balance : $41,900,000.00 Current WAM : 336
Pass-Thru Rate : 7.0400 Settlement : 03/05/98
Accrued Days / Delay Days : 4 / 14
--------------------------------------------------------------------------------------------------------
<CAPTION>
Prepayments
----------------------------------------------------------------------------------------------------------
Price 0.0% CPR 25.0% CPR 50.0% CPR 75.0% CPR 100.0% CPR
----------------------------------------------------------------------------------------
Yield ModDur Yield ModDur Yield ModDur Yield ModDur Yield ModDur
----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
99.00000 99-00 7.25 7.00 7.25 6.94 7.25 6.93 7.25 6.93 7.25 6.93
99.12500 99-04 7.23 7.23 7.23 7.23 7.23
99.25000 99-08 7.21 7.21 7.21 7.21 7.21
99.37500 99-12 7.19 7 19 7.19 7.19 7.19
99.50000 99-16 7.18 7.18 7.18 7.18 7.18
99.62500 99-20 7.16 7.16 7.16 7.16 7.16
99.75000 99-24 7.14 7.14 7.14 7.14 7.14
99.87500 99-28 7.12 7.12 7.12 7.12 7.12
100.00000 100-00 7.11 7.02 7.10 6.97 7.10 6.95 7.10 6.95 7.10 6.95
100.12500 100-04 7.09 7.09 7.09 7.09 7.09
100.25000 100-08 7.07 7.07 7.07 7.07 7.07
100.37500 100-12 7.05 7.05 7.05 7.05 7.05
100.50000 100-16 7.03 7.03 7.03 7.03 7.03
100.62500 100-20 7.02 7.02 7.02 7.02 7.02
100.75000 100-24 7.00 7.00 7.00 7.00 7.00
100.87500 100-28 6.98 6.98 6.98 6.98 6.98
101.00000 101-00 6.96 7.04 6.96 6.99 6.96 6.97 6.96 6.97 6.96 6.97
101.12500 101-04 6.95 6.94 6.94 6.94 6.94
101.25000 101-08 6 93 6.93 6.93 6.93 6.93
101.37500 101-12 6.91 6.91 6.91 6.91 6.91
101.50000 101-16 6.89 6.89 6.89 6.89 6.89
101.62500 101-20 6.88 6.87 6.87 6.87 6.87
101.75000 101-24 6.86 6.86 6.86 6.86 6.86
101.87500 101-28 6.84 6.84 6.84 6.84 6.84
102.00000 102-00 6.82 7.06 6.82 7.01 6.82 6.99 6.82 6.99 6.82 6.99
102.12500 102-04 6.81 6.80 6.80 6.80 6.80
102.25000 102-08 6.79 6.79 6.79 6.79 6.79
102.37500 102-12 6.77 6.77 6.77 6.77 6.77
102.50000 102-16 6.75 6.75 6.75 6.75 6.75
102.62500 102-20 6.74 6.73 6.73 6.73 6.73
102.75000 102-24 6.72 6.72 6.72 6.72 6.72
102.87500 102-28 6.70 6.70 6.70 6.70 6.70
<CAPTION>
--------------------------------------------------------------------------------------------------------
Avg Life 10.09 9.98 9.95 9.94 9.94
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
First Pay 02/15/08 02/15/08 02/15/08 02/15/08 02/15/08
Last Pay 11/15/09 09/15/08 04/15/08 02/15/08 02/15/08
Prin. Window 22 8 3 1 1
--------------------------------------------------------------------------------------------------------
</TABLE>
The analyses, calculations, and valuations herein are based on certain
assumptions and data provided by third parties which may vary from the actual
characteristics of the pool. Donaldson, Lufkin and Jenrette Securities
Corporation makes no representation that such analyses or calculations are
accurate or that such valuations represent levels where actual trades may
occur. Investors should rely on the information contained in or filed in
connection with the prospectus/prospectus supplement.
Page 1
<PAGE>
Donaldson, Lufkin & Jenrette - Real Estate Finance Group
<TABLE>
<CAPTION>
DLJCMC-1998CFlV5 B2
Yield Table (Flat File Coll, Ppy Lock, Lockout thru YMP, Lockout thru Ppy Pen. period)
------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Current Balance : $14,700,000.00 Current WAM : 336
Pass-Thru Rate : 7.3000 Settlement : 03/05/98
Accrued Days / Delay Days : 4 / 14
------------------------------------------------------------------------------------------------
<CAPTION>
Prepayments
------------------------------------------------------------------------------------------------
0.0% CPR 25.0% CPR 50.0% CPR 75.0% CPR 100.0% CPR
----------------------------------------------------------------------------
Price Yield ModDur Yield ModDur Yield ModDur Yield ModDur Yield ModDur
------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
99,00000 99-00 7.50 7.67 7.50 7.50 7.50 7.30 7.50 7.12 7.51 6.98
99.12500 99-04 7.48 7.48 7.48 7.49 7.49
99.25000 99-08 7.46 7.47 7.47 7.47 7.47
99.37500 99-12 7.45 7.45 7.45 7.45 7.45
99.50000 99-16 7.43 7.43 7.43 7.43 7.43
99.62500 99-20 7.42 7.42 7.42 7.42 7.42
99.75000 99-24 7.40 7.40 7.40 7.40 7.40
99.87500 99-28 7.38 7.38 7.38 7.38 7.38
100.00000 100-00 7.37 7.69 7.37 7.53 7.36 7.32 7.36 7.14 7.36 7.00
100.12500 100-04 7.35 7.35 7.35 7.35 7.34
100.25000 100-08 7.33 7.33 7.33 7.33 7.33
100.37500 100-12 7.32 7.32 7.31 7.31 7.31
100.50000 100-16 7.30 7.30 7.30 7.29 7.29
100.62500 100-20 7.29 7.28 7.28 7.28 7.27
100.75000 100-24 7.27 7.27 7.26 7.26 7.26
100.87500 100-28 7.25 7.25 7.25 7.24 7.24
101.00000 101-00 7.24 7.72 7.23 7.55 7.23 7.34 7.22 7.17 7.22 7.02
101.12500 101-04 7.22 7.22 7.21 7.21 7.20
101.25000 101-08 7.21 7.20 7.20 7.19 7.19
101.37500 101-12 7.19 7.19 7.18 7.17 7.17
101.50000 101-16 7.17 7.17 7.16 7.16 7.15
101.62500 101-20 7.16 7.15 7.15 7.14 7.13
101.75000 101-24 7.14 7.14 7.13 7.12 7.12
101.87500 101-28 7.13 7.12 7.11 7.10 7.10
102.00000 102-00 7.11 7.74 7.10 7.58 7.10 7.37 7.09 7.19 7.08 7.04
102.12500 102-04 7.09 7.09 7.08 7.07 7.06
102.25000 102-08 7.08 7.07 7.06 7.05 7.05
102.37500 102-12 7.06 7.06 7.05 7.04 7.03
102.50000 102-16 7.05 7.04 7.03 7.02 7.01
102.62500 102-20 7.03 7.02 7.01 7.00 6.99
102.75000 102-24 7.02 7.01 7.00 6.99 6.98
102.87500 102-28 7.00 6.99 6.98 6.97 6.96
<CAPTION>
------------------------------------------------------------------------------------------------
Avg Life 11.82 11.43 10.95 10.55 10.23
------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
First Pay 11/15/09 9/15/08 04/15/08 02/15/08 02/15/08
Last Pay 01/15/10 12/15/09 12/15/09 08/15/09 07/15/09
Prin. Window 3 16 21 19 18
------------------------------------------------------------------------------------------------
</TABLE>
The analyses, calculations, and valuations herein are based on certain
assumptions and data provided by third parties which may vary from the actual
characteristics of the pool. Donaldson, Lufkin and Jenrette Securities
Corporation makes no representation that such analyses or calculations are
accurate or that such valuations represent levels where actual trades may
occur. Investors should rely on the information contained in or filed in
connection with the prospectus/prospectus supplement.
Page 1
<PAGE>
Mortgage Rates
<TABLE>
<CAPTION>
Weighted
Weighted Average Weighted
Aggregate Percentage Aggregate Average Weighted Occupancy Average
Range of Number Cut-off Date of Initial Appraised Cut-off Date Aggregate Average Rate at Year Built/
Mortgage Rates of Loans Balance Pool Balance Value LTV Ratio U/W NOI U/W DSCR U/W(1) Renovated(2)
- - -------------- -------- ------------ ------------ --------- ------------ --------- -------- -------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
6.500%-7.499% 45 $378,894,177 45.2% $ 842,618,000 56.4% $42,837,520 1.36x 97.8% 1989
7.500%-7.999% 66 285,996,926 34.1% 396,340,000 73.2% 33,448,528 1.33 97.7% 1990
8.000%-8.499% 45 143,083,045 17.1% 197,605,000 72.7% 18,205,464 1.34 97.9% 1985
8.500%-8.999% 10 25,157,144 3.0% 37,965,000 66.6% 3,481,924 1.37 98.9% 1989
9.000%-9.500% 2 5,665,040 0.7% 7,100,000 79.9% 732,609 1.29 100.0% 1992
-----------------------------------------------------------------------------------------------------------------
Total/Weighted
Average: 168 $838,796,331 100.0% $1,481,628,000 65.4% $98,706,045 1.35x 97.8% 1989
=================================================================================================================
</TABLE>
Maximum Mortgage
Rate: 9.25% per annum
Minimum Mortgage
Rate: 6.98% per annum
Wtd. Avg.
Mortgage Rate: 7.64% per annum
(1) Does not reflect any Mortgage Loans secured by hotel properties.
(2) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
Cut-off Date Balances
<TABLE>
<CAPTION>
Weighted
Weighted Average
Weighted Average Year
Number Aggregate Percentage Aggregate Average Weighted Occupancy Built/
Range of of Cut-off Date of Initial Appraised Cut-off Aggregate Average Rate at Renovated
Mortgage Rates Loans Balance Pool Balance Value LTV Ratio U/W NOI U/W DSCR U/W(1) (2)
- - ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
$ 500,000- 1,499,999 29 $ 34,881,849 4.2% $ 52,695,000 68.9% $ 4,667,423 1.38x 98.3% 1983
1,500,000- 2,499,999 37 73,890,123 8.8% 105,680,000 70.6% 9,068,891 1.34 97.5% 1984
2,500,000- 3,499,999 26 78,305,668 9.3% 107,040,000 73.7% 9,324,733 1.33 98.3% 1990
3,500,000- 4,499,999 21 83,720,342 10.0% 124,760,000 69.7% 10,765,142 1.44 97.8% 1980
4,500,000- 5,499,999 12 60,023,426 7.2% 84,255,000 72.2% 7,103,112 1.34 98.9% 1991
5,500,000- 6,499,999 7 41,257,656 4.9% 53,775,000 76.9% 4,771,170 1.35 95.9% 1988
6,500,000- 7,499,999 11 79,406,278 9.5% 111,740,000 72.1% 9,558,153 1.39 97.2% 1989
7,500,000- 9,999,999 14 121,860,490 14.5% 172,900,000 71.3% 14,848,721 1.42 96.8% 1990
10,000,000- 14,999,999 5 62,036,508 7.4% 86,083,000 72.3% 6,928,727 1.29 99.8% 1991
15,000,000- 28,499,999 4 69,587,375 8.3% 91,700,000 76.0% 7,660,628 1.30 97.8% 1990
28,500,000-$100,000,000 2 133,826,615 16.0% 491,000,000 29.4% 14,009,345 1.26 N/A 1994
---------------------------------------------------------------------------------------------------------
Total/Weighted Average: 168 $838,796,331 100.0% $1,481,628,000 65.4% $98,706,045 1.35x 97.8% 1989
=========================================================================================================
</TABLE>
Maximum Cut-off Date
Balance: $ 99,880,087
Minimum Cut-off Date
Balance: $ 507,458
Average Cut-off Date
Balance: $ 4,992,835
(1) Does not reflect any Mortgage Loans secured by hotel properties.
(2) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
Original Amortization Terms
<TABLE>
<CAPTION>
Weighted
Range of Weighted Average Weighted
Original Aggregate Percentage of Aggregate Average Weighted Occupancy Average
Amortization Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average Rate at Year Built/
Terms(Months) of Loans Balance Pool Balance Value LTV Ratio U/W NOI U/W DSCR U/W(1) Renovated(2)
- - ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
156 - 216 4 $ 9,250,638 1.1% $ 14,875,000 63.4% $ 1,425,146 1.35x 98.9% 1995
217 - 264 15 29,156,979 3.5% 43,650,000 67.8% 3,976,935 1.33 99.8% 1988
265 - 300 49 208,738,562 24.9% 324,935,000 66.7% 27,318,773 1.43 98.3% 1988
301 - 336 2 11,214,744 1.3% 16,350,000 68.6% 1,524,260 1.55 95.1% 1992
337 - 360 98 580,435,408 69.2% 1,081,818,000 64.8% 64,460,931 1.32 97.6% 1989
------------------------------------------------------------------------------------------------------------------
Total/Weighted
Average: 168 $838,796,331 100.0% $1,481,628,000 65.4% $98,706,045 1.35x 97.8% 1989
==================================================================================================================
</TABLE>
Maximum Original Amortization
Term (Months): 360
Minimum Original Amortization
Term (Months): 156
Wtd. Avg. Original Amortization
Term (Months): 339
(1) Does not reflect any Mortgage Loans secured by hotel properties.
(2) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
Original Terms to Stated Maturity (1)
<TABLE>
<CAPTION>
Weighted
Range of Weighted Average Weighted
Original Terms Aggregate Percentage of Aggregate Average Weighted Occupancy Average
to Maturity Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average Rate at Year Built/
(Months) of Loans Balance Pool Balance Value LTV Ratio U/W NOI U/W DSCR U/W(2) Renovated (3)
- - ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
84 - 108 9 $ 27,247,191 3.2% $ 38,950,000 71.2% $ 2,934,193 1.27x 98.2% 1986
109 - 120 128 675,930,797 80.6% 1,243,313,000 64.2% 79,064,941 1.35 97.5% 1988
121 - 168 3 28,079,155 3.3% 38,750,000 73.1% 3,136,369 1.27 98.1% 1992
169 - 240 28 107,539,188 12.8% 160,615,000 69.4% 13,570,542 1.38 99.0% 1991
------------------------------------------------------------------------------------------------------------------
Total/Weighted
Average: 168 $838,796,331 100.0% $1,481,628,000 65.4% $98,706,045 1.35x 97.8% 1989
==================================================================================================================
</TABLE>
Maximum Original Term to Maturity
(Months): 240
Minimum Original Term to Maturity
(Months): 84
Wtd. Avg. Original Term to Maturity
(Months): 133
(1) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest
and Viking Conference Center, Holiday Inn Express Hotel, AMC Theater
Complex, and the Comfort Inn - Cleveland, the maturity date is assumed
to be the Anticipated Repayment Date. See "Description of the Mortgage
Pool - General" in the Prospectus Supplement.
(2) Does not reflect any Mortgage Loans secured by hotel properties.
(3) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
Remaining Amortization Terms
<TABLE>
<CAPTION>
Weighted
Weighted Average Weighted
Range of Remaining Aggregate Percentage of Aggregate Average Weighted Occupancy Average
Amort. Terms Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average Rate at Year Built/
(Months) of Loans Balance Pool Balance Value LTV Ratio U/W NOI U/W DSCR U/W (1) Renovated (2)
- - ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
144 - 204 3 $ 4,291,112 0.5% $ 7,825,000 55.4% $ 748,162 1.45x 97.6% 1992
205 - 228 1 4,959,525 0.6% 7,050,000 70.4% 676,984 1.26 100.0% 1997
229 - 240 14 26,267,071 3.1% 40,250,000 65.9% 3,687,614 1.36 99.7% 1987
241 - 276 1 2,889,908 0.3% 3,400,000 85.0% 289,321 1.05 100.0% 1996
277 - 300 49 208,738,562 24.9% 324,935,000 66.7% 27,318,773 1.43 98.3% 1988
301 - 348 2 11,214,744 1.3% 16,350,000 68.6% 1,524,260 1.55 95.1% 1992
349 - 360 98 580,435,408 69.2% 1,081,818,000 64.8% 64,460,931 1.32 97.6% 1989
--------------------------------------------------------------------------------------------------------------
Total/Weighted
Average: 168 $838,796,331 100.0% $ 1,481,628,000 65.4% $ 98,706,045 1.35x 97.8% 1989
==============================================================================================================
</TABLE>
Maximum Remaining Amortization Term (Months): 359
Minimum Remaining Amortization Term (Months): 152
Wtd. Avg. Remaining Amortization Term (Months): 336
(1) Does not reflect any Mortgage Loans secured by hotel properties.
(2) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
Remaining Terms to Stated Maturity (1)
<TABLE>
<CAPTION>
Weighted
Weighted Average Weighted
Range of Remaining Aggregate Percentage of Aggregate Average Weighted Occupancy Average
Terms to Stated Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average Rate at Year Built/
Maturity (Months) of Loans Balance Pool Balance Value LTV Ratio U/W NOI U/W DSCR U/W (2) Renovated (3)
- - ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
72 - 108 9 $ 27,247,191 3.2% $ 38,950,000 71.2% $ 2,934,193 1.27x 98.2% 1986
109 - 120 128 675,930,797 80.6% 1,243,313,000 64.2% 79,064,941 1.35 97.5% 1988
121 - 144 2 26,601,624 3.2% 35,700,000 74.5% 2,826,855 1.25 97.9% 1992
145 - 168 1 1,477,531 0.2% 3,050,000 48.4% 309,514 1.68 100.0% 1996
169 - 216 9 34,236,562 4.1% 53,865,000 64.7% 4,534,280 1.37 97.7% 1990
217 - 240 19 73,302,625 8.7% 106,750,000 71.6% 9,036,262 1.38 99.6% 1991
--------------------------------------------------------------------------------------------------------------
Total/Weighted
Average: 168 $ 838,796,331 100.0% $ 1,481,628,000 65.4% $ 98,706,045 1.35x 97.8% 1989
==============================================================================================================
</TABLE>
Maximum Remaining Term to Maturity (Months): 238
Minimum Remaining Term to Maturity (Months): 77
Wtd. Avg. Remaining Term to Maturity (Months): 130
(1) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest and
Viking Conference Center, Holiday Inn Express Hotel, AMC Theater Complex,
and the Comfort Inn - Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the Mortgage Pool -
General" in the Prospectus Supplement.
(2) Does not reflect any Mortgage Loans secured by hotel properties.
(3) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
Years Built/Years Renovated(1)
<TABLE>
<CAPTION>
Weighted
Weighted Average Weighted
Range of Aggregate Percentage of Aggregate Average Aggregate Weighted Occupancy Average
Years Number Cut-off Date Initial Appraised Cut-off Date Underwriting Average Rate at Year Built/
Built/Renovated of Loans Balance Pool Balance Value LTV Ratio U/W NOI U/W DSCR U/W(2) Renovated
- - -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1920 - 1950 1 $ 3,787,272 0.5% $ 4,700,000 80.6% $ 424,292 1.30 97.0% 1938
1951 - 1960 1 3,739,241 0.4% 5,000,000 74.8% 432,738 1.35 94.0% 1959
1961 - 1970 21 56,890,634 6.8% 81,540,000 71.8% 7,261,178 1.42 97.5% 1968
1971 - 1980 25 67,901,160 8.1% 101,670,000 69.7% 8,547,540 1.42 97.0% 1976
1981 - 1990 47 264,558,863 31.5% 377,255,000 71.1% 31,376,889 1.37 97.7% 1987
1991 - 1997 73 441,919,161 52.7% 911,463,000 60.3% 50,663,408 1.31 98.3% 1995
----------------------------------------------------------------------------------------------------------------
Total/Weighted
Average: 168 $ 838,796,331 100.0% $1,481,628,000 65.4% $ 98,706,045 1.35x 97.8% 1989
================================================================================================================
</TABLE>
Most Recent Year Built/Renovated: 1997
Oldest Year Built/Renovated: 1938
Wtd. Avg. Year Built/Renovated: 1989
(1) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
(2) Does not reflect any Mortgage Loans secured by hotel properties.
Occupancy Rates at Underwriting(1)
<TABLE>
<CAPTION>
Weighted
Weighted Average Weighted
Range of Aggregate Percentage of Aggregate Average Weighted Occupancy Average
Occupancy Number Cut-off Date Initial Appraised Cut-off Date Aggregate Average Rate at Year Built/
Rates at U/W of Loans Balance Pool Balance Value LTV Ratio U/W NOI U/W DSCR U/W Renovated(2)
- - -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
80.0% - 84.9% 2 $ 4,229,693 0.5% $ 6,100,000 69.5% $ 508,495 1.32x 82.6% 1989
85.0% - 89.9% 3 14,806,012 1.8% 20,650,000 71.9% 1,732,720 1.34 88.2% 1981
90.0% - 94.9% 16 74,826,166 8.9% 106,440,000 71.4% 9,192,626 1.40 92.3% 1988
95.0% - 100.0% 141 577,959,250 68.9% 810,538,000 72.4% 68,762,433 1.35 98.9% 1987
----------------------------------------------------------------------------------------------------------------
Total/Weighted
Average: 162 $ 671,821,121 80.1% $ 943,728,000 72.3% $ 80,196,274 1.36x 97.8% 1987
================================================================================================================
</TABLE>
Maximum Occupancy Rate at Underwriting: 100.0%
Minimum Occupancy Rate at Underwriting: 82.0%
Wtd. Avg. Occupancy Rate at Underwriting: 97.8%
(1) Does not reflect any Mortgage Loans secured by hotel properties.
(2) Year Built/Renovated reflects the later of the Year Built or the
Year Renovated.
<PAGE>
<TABLE>
<CAPTION>
Underwriting Debt Service Coverage Ratios
Weighted Average Weighted
Aggregate Percentage Aggregate Average Weighted Occupancy Average
Range of Number Cut-off Date of Initial Appraised Cut-off Date Aggregate Average Rate at Year Built/
U/W DSCRs of Loans Balance Pool Balance Value LTV Ratio U/W NOI U/W DSCR U/W (1) Renovated (2)
- - ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1.000x - 1.090 1 $ 2,889,908 0.3% $ 3,400,000 85.0% $ 289,321 1.05x 100.0% 1996
1.100 - 1.190 2 102,672,915 12.2% 419,800,000 25.4% 9,479,112 1.14 100.0% 1994
1.200 - 1.290 69 298,666,835 35.6% 404,340,000 74.5% 33,293,513 1.26 97.8% 1989
1.300 - 1.390 50 206,104,138 24.6% 280,773,000 73.7% 24,067,647 1.34 97.4% 1987
1.400 - 1.490 23 108,775,000 13.0% 155,015,000 71.0% 13,957,561 1.43 98.6% 1988
1.500 - 1.590 11 49,781,448 5.9% 77,265,000 65.4% 6,837,739 1.55 99.0% 1987
1.600 - 1.690 7 49,389,235 5.9% 98,850,000 51.7% 7,221,773 1.64 99.7% 1993
1.700 - 1.790 1 1,491,051 0.2% 2,000,000 74.6% 255,955 1.77 100.0% 1967
1.800 - 1.890 1 1,496,585 0.2% 3,190,000 46.9% 228,817 1.83 100.0% 1975
1.900 - 1.990 2 13,705,799 1.6% 25,840,000 53.3% 2,218,059 1.94 92.4% 1984
2.000 - 3.000 x 1 3,823,417 0.5% 11,155,000 34.3% 856,548 2.67 99.0% 1972
-----------------------------------------------------------------------------------------------------------
Total/Weighted Average: 168 $838,796,331 100.0% $1,481,628,000 65.4% $ 98,706,045 1.35x 97.8% 1989
===========================================================================================================
</TABLE>
Maximum Underwriting DSCR: 2.67 x
Minimum Underwriting DSCR: 1.05 x
Wtd. Avg. Underwriting DSCR: 1.35 x
(1) Does not reflect any Mortgage Loans secured by hotel properties.
(2) Year Built/Renovated reflects the later of the Year Built or the
Year Renovated.
<TABLE>
<CAPTION>
Cut-off Date Loan-to-Value Ratios
Weighted
Weighted Average Weighted
Range of Aggregate Percentage Aggregate Average Weighted Occupancy Average
Cut-off Date Number Cut-off Date of Initial Appraised Cut-off Date Aggregate Average Rate at Year Built/
LTV Ratios of Loans Balance Pool Balance Value LTV Ratio U/W NOI U/W DSCR U/W (1) Renovated (2)
- - ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
20.00% - 29.99% 2 $100,578,424 12.0% $ 418,750,000 24.0% $ 9,265,231 1.14x 100.0% 1994
30.00% - 39.99% 1 3,823,417 0.5% 11,155,000 34.3% 856,548 2.67 99.0% 1972
40.00% - 49.99% 4 40,649,349 4.8% 89,080,000 45.6% 5,982,058 1.66 99.4% 1992
50.00% - 59.99% 9 37,488,892 4.5% 69,290,000 54.2% 5,337,054 1.58 96.1% 1985
60.00% - 69.99% 32 122,605,397 14.6% 186,428,000 65.9% 15,552,498 1.42 97.1% 1991
70.00% - 79.99% 114 512,891,056 61.1% 681,325,000 75.4% 59,385,120 1.32 98.0% 1988
80.00% - 90.00% 6 20,759,797 2.5% 25,600,000 81.1% 2,327,536 1.24 99.5% 1985
-----------------------------------------------------------------------------------------------------------
Total/Weighted Average: 168 $838,796,331 100.0% $1,481,628,000 65.4% $98,706,045 1.35x 97.8% 1989
===========================================================================================================
</TABLE>
Maximum Cut-off Date LTV Ratio: 85.0%
Minimum Cut-off Date LTV Ratio: 24.0%
Wtd. Avg. Cut-off Date LTV Ratio: 65.4%
(1) Does not reflect any Mortgage Loans secured by hotel properties.
(2) Year Built/Renovated reflects the later of the Year Built or the
Year Renovated.
<PAGE>
<TABLE>
<CAPTION>
Mortgage Loans by State
Weighted
Aggregate Percentage of Aggregate Average
Number Cut-off Date Initial Appraised Cut-off Date Aggregate
State of Loans Balance Pool Balance Value LTV Ratio U/W NOI
- - ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
New Jersey 5 $111,574,714 13.3% $432,915,000 28.9% $10,581,385
California 19 86,001,420 10.3% 117,055,000 73.9% 10,064,501
Minnesota 9 63,783,440 7.6% 85,870,000 74.7% 7,555,720
Illinois 10 62,539,201 7.5% 85,290,000 73.4% 7,002,443
Texas 20 55,693,380 6.6% 75,555,000 74.0% 6,680,433
Georgia 12 50,785,935 6.1% 68,100,000 75.1% 6,192,009
Florida 10 49,139,088 5.9% 65,000,000 75.7% 5,658,491
New York 12 48,555,822 5.8% 71,900,000 68.5% 6,423,379
North Carolina 8 35,629,019 4.2% 49,300,000 73.5% 3,815,563
District of Columbia 2 35,443,428 4.2% 77,100,000 46.4% 4,996,292
Missouri 6 29,842,655 3.6% 52,245,000 62.3% 4,372,623
Michigan 6 29,782,074 3.6% 44,150,000 68.5% 3,653,638
Oregon 4 21,152,519 2.5% 31,113,000 68.4% 2,306,288
Virginia 2 21,078,325 2.5% 26,800,000 78.7% 2,273,744
Maryland 4 16,149,353 1.9% 22,500,000 72.1% 2,020,255
Massachusetts 3 14,098,639 1.7% 23,190,000 62.8% 1,921,641
Colorado 5 13,020,897 1.6% 19,050,000 68.4% 1,610,889
Delaware 2 12,777,191 1.5% 21,200,000 60.3% 1,621,594
Ohio 3 12,248,634 1.5% 18,010,000 69.8% 1,681,304
Nevada 4 11,642,726 1.4% 15,600,000 75.2% 1,391,994
South Carolina 2 9,002,744 1.1% 12,100,000 74.4% 1,052,482
Washington 3 8,486,499 1.0% 11,500,000 74.2% 937,249
Mississippi 4 7,164,625 0.9% 9,320,000 76.9% 861,112
Pennsylvania 1 6,877,403 0.8% 11,100,000 62.0% 802,766
Arizona 2 5,829,834 0.7% 7,500,000 78.3% 621,813
Tennessee 3 5,170,082 0.6% 6,800,000 76.0% 614,637
Indiana 2 4,635,676 0.6% 6,400,000 72.5% 595,219
Louisiana 1 2,832,998 0.3% 3,800,000 74.6% 364,824
Arkansas 1 2,348,406 0.3% 3,150,000 74.6% 286,412
Vermont 1 2,042,910 0.2% 3,365,000 60.7% 251,946
Iowa 1 1,751,985 0.2% 2,350,000 74.6% 240,060
Connecticut 1 1,714,709 0.2% 2,300,000 74.6% 253,339
------------------------------------------------------------------------------------------------
Total/Weighted Average: 168 $838,796,331 100.0% $1,481,628,000 65.4% $98,706,045
================================================================================================
<CAPTION>
Weighted
Average Weighted
Weighted Occupancy Average
Average Rate at Year Built/
State U/W DSCR U/W (1) Renovated (2)
- - ------------------------------------------------------------------------------------
<S> <C> <C> <C>
New Jersey 1.16x 97.1% 1992
California 1.34 98.9% 1987
Minnesota 1.35 99.2% 1991
Illinois 1.28 97.8% 1986
Texas 1.34 97.9% 1991
Georgia 1.35 97.1% 1985
Florida 1.32 98.2% 1992
New York 1.50 97.8% 1988
North Carolina 1.30 96.7% 1982
District of Columbia 1.61 100.0% 1995
Missouri 1.62 99.6% 1986
Michigan 1.43 94.9% 1985
Oregon 1.32 99.4% 1993
Virginia 1.27 95.6% 1989
Maryland 1.38 98.7% 1991
Massachusetts 1.46 100.0% 1984
Colorado 1.31 92.0% 1991
Delaware 1.56 98.4% 1989
Ohio 1.51 95.0% 1988
Nevada 1.34 94.7% 1996
South Carolina 1.34 100.0% 1993
Washington 1.27 96.2% 1993
Mississippi 1.35 99.6% 1984
Pennsylvania 1.28 93.0% 1987
Arizona 1.16 99.0% 1991
Tennessee 1.32 99.5% 1991
Indiana 1.45 100.0% 1986
Louisiana 1.33 100.0% 1976
Arkansas 1.26 100.0% 1987
Vermont 1.29 100.0% 1994
Iowa 1.42 100.0% 1972
Connecticut 1.53 100.0% 1979
--------------------------------------------------
Total/Weighted Average: 1.35x 97.8% 1989
==================================================
</TABLE>
(1) Does not reflect any Mortgage Loans secured by hotel properties.
(2) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
<TABLE>
<CAPTION>
Mortgage Loans by Property Type
Aggregate Percentage of Aggregate
Number Cut-off Date Initial Appraised
Property Type of Loans Balance Pool Balance Value
- - -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Retail 56 $267,703,187 31.9% $ 372,530,000
Multifamily 45 161,040,755 19.2% 215,565,000
Office 19 118,207,066 14.1% 165,370,000
Hotel & Casino 1 99,880,087 11.9% 416,000,000
Hotel 5 67,095,124 8.0% 121,900,000
Industrial 23 58,642,423 7.0% 84,275,000
Mobile Home Park 5 26,517,366 3.2% 48,338,000
Mixed Use 5 19,201,359 2.3% 27,950,000
Other Commercial 7 10,829,699 1.3% 16,700,000
Senior Housing 1 7,224,844 0.9% 9,600,000
Self Storage 1 2,454,422 0.3% 3,400,000
----------------------------------------------------------------
Total/Weighted Average: 168 $838,796,331 100.0% $1,481,628,000
================================================================
<CAPTION>
Weighted Average Weighted
Average Weighted Occupancy Average
Cut-off Date Aggregate Average Rate at Year Built/
Property Type LTV Ratio U/W NOI U/W DSCR U/W (1) Renovated(2)
- - ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Retail 72.8% $ 31,791,905 1.35x 97.5% 1991
Multifamily 75.2% 17,996,887 1.31 97.4% 1985
Office 71.9% 13,801,842 1.35 97.9% 1987
Hotel & Casino 24.0% 9,182,326 1.14 N/A 1994
Hotel 57.9% 9,327,445 1.54 N/A 1995
Industrial 70.8% 7,957,578 1.42 99.6% 1978
Mobile Home Park 58.4% 3,594,708 1.64 99.1% 1987
Mixed Use 69.6% 2,293,523 1.39 97.6% 1992
Other Commercial 65.0% 1,588,205 1.36 100.0% 1983
Senior Housing 75.3% 866,932 1.36 100.0% 1996
Self Storage 72.2% 304,694 1.34 83.0% 1996
---------------------------------------------------------------------------
Total/Weighted Average: 65.4% $ 98,706,045 1.35x 97.8% 1989
===========================================================================
</TABLE>
(1) Does not reflect any Mortgage Loans secured by hotel properties.
(2) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
Prepayment Provision as of the Cut-off Date (1)
<TABLE>
<CAPTION>
Weighted Weighted
Average Average
Remaining Remaining Weighted
Range of Aggregate Percentage Lockout Lockout Plus Average
Remaining Terms to Number of Cut-off Date Initial Period Premium Period Maturity
Stated Maturity (years) Loans Balance Pool Balance (years) (years) (years) (1)
- - -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
6.0 - 6.9 9 $ 27,247,191 3.2% 4.1 5.7 6.8
9.0 - 9.9 128 675,930,797 80.6% 8.1 9.3 9.8
11.0 - 11.9 2 26,601,624 3.2% 6.9 9.9 11.8
12.0 - 12.9 1 1,477,531 0.2% 12.2 12.2 12.7
14.0 - 14.9 9 34,236,562 4.1% 8.9 12.5 14.8
19.0 - 19.9 19 73,302,625 8.7% 17.5 17.5 19.7
================================================================================================
Total/Weighted Average: 168 $838,796,331 100.0% 8.8 10.0 10.8
================================================================================================
</TABLE>
(1) In the case of the Showboat Hotel & Casino, Atlantic City,
Washington Marriott Hotel, Hampton Inn - Houston Galleria,
Holiday Inn Southwest and Viking Conference Center, Holiday
Inn Express Hotel, AMC Theater Complex, and the Comfort Inn
- Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the
Mortgage Pool - General" in the Prospectus Supplement.
<PAGE>
Mortgage Pool Prepayment Profile (1)
<TABLE>
<CAPTION>
Prepayment Provision % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool
As of Cut-off Date Mar-98 Mar-99 Mar-00 Mar-01 Mar-02 Mar-03 Mar-04
- - ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Lock out 100.0% 99.8% 99.8% 94.7% 92.2% 74.3% 73.8%
Yield Maint. Premium 0.0% 0.2% 0.2% 5.0% 7.5% 23.4% 23.9%
1% to 4% Prepayment Premium 0.0% 0.0% 0.0% 0.2% 0.2% 0.0% 0.0%
Other 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Open Period 0.0% 0.0% 0.0% 0.1% 0.1% 2.3% 2.3%
---------------------------------------------------------------------------------------------------
Total: 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
===================================================================================================
Outstanding
Balance (mm): $838.8 $830.1 $820.9 $810.9 $800.0 $788.2 $775.6
Number of Loans: 168 168 168 168 168 168 168
<CAPTION>
Prepayment Provision % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool
As of Cut-off Date Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11
- - ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Lock out 73.8% 73.9% 73.6% 69.7% 69.9% 80.8% 81.3%
Yield Maint. Premium 25.1% 25.1% 24.1% 15.8% 15.5% 0.0% 0.0%
1% to 4% Prepayment Premium 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Other 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Open Period 1.0% 1.0% 2.3% 14.4% 14.6% 19.2% 18.7%
---------------------------------------------------------------------------------------------------
Total: 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
===================================================================================================
Outstanding
Balance (mm): $736.9 $722.5 $706.9 $111.2 $107.5 $80.9 $77.2
Number of Loans: 159 159 159 31 31 29 28
<CAPTION>
Prepayment Provision % of Pool % of Pool % of Pool % of Pool % of Pool % of Pool
As of Cut-off Date Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17
- - --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Lock out 82.0% 89.1% 88.9% 32.2% 30.6% 28.6%
Yield Maint. Premium 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
1% to 4% Prepayment Premium 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Other 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Open Period 18.0% 10.9% 11.1% 67.8% 69.4% 71.4%
--------------------------------------------------------------------------------------
Total: 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
======================================================================================
Outstanding
Balance (mm): $73.3 $51.5 $48.9 $46.1 $43.1 $39.8
Number of Loans: 28 19 19 19 19 19
</TABLE>
(1) Calculated assuming that no Mortgage Loan prepays prior to stated
maturity, except that the Mortgage Loans secured by the Showboat Hotel &
Casino, Atlantic City, Washington Marriott Hotel, Hampton Inn - Houston
Galleria, Holiday Inn Southwest Conference Center, Holiday Inn Express
Hotel, AMC Theater Complex, and the Comfort Inn - Cleveland,
respectively, are assumed to pay in full on their respective Anticipated
Repayment Dates. Otherwise calculated based on Modeling Assumptions. See
"Description of the Mortgage Pool - General" and "Yield and Maturity
Considerations" in the Prospectus Supplement.
<PAGE>
INFORMATION CONTAINED ON THIS DISKETTE DATED FEBRUARY 17, 1998, IS SUBJECT TO
COMPLETION OR AMENDMENT.
This diskette relates to the DLJ Commercial Mortgage Corp., Commercial Mortgage
Pass-Through Certificates, Series 1998-CF1, Class A-1A, Class A-1B, Class A-2,
Class A-3, Class B-1, and Class B-2 (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 or any of its respective affiliates.
Therefore, none of Donaldson, Lufkin & Jenrette Securities Corporation nor any
of its 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. Donaldson, Lufkin & Jenrette Securities
Corporation and its affiliates expressly reserve the right, at their sole
discretion, to reject any or all proposals or expressions of interest in the
subject proposed offering and to terminate discussions with any party at any
time with or without notice.
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 decision.
<PAGE>
DLJ Commercial Mortgage Corp.
Commercial Mortgage Pass-Through Certificates Series 1998-CF1
<TABLE>
<CAPTION>
# Property Name(1) Manager
<S> <C> <C>
1 Showboat Hotel & Casino, Atlantic City Showboat, Inc.
2 Stone Container - Santa Fe Springs (1A) Stone Container Corporation/Owner Occupied
3 Stone Container - Mansfield (1A) Stone Container Corporation/Owner Occupied
4 Stone Container - San Jose (1A) Stone Container Corporation/Owner Occupied
5 Stone Container - Minneapolis (1A) Stone Container Corporation/Owner Occupied
6 Stone Container - Springfield (1A) Stone Container Corporation/Owner Occupied
7 Stone Container - Salinas (1A) Stone Container Corporation/Owner Occupied
8 Stone Container - Harahan (1A) Stone Container Corporation/Owner Occupied
9 Stone Container - Rogers (1A) Stone Container Corporation/Owner Occupied
10 Stone Container - Keokuk (1A) Stone Container Corporation/Owner Occupied
11 Stone Container - Portland (1A) Stone Container Corporation/Owner Occupied
12 Stone Container - Saltillo (1A) Stone Container Corporation/Owner Occupied
13 Stone Container - Columbus (1A) Stone Container Corporation/Owner Occupied
14 Stone Container - North Tonawanda (1A) Stone Container Corporation/Owner Occupied
15 Stone Container - St. Cloud (1A) Stone Container Corporation/Owner Occupied
16 Stone Container - Jackson (1A) Stone Container Corporation/Owner Occupied
17 Stone Container - Collierville (1A) Stone Container Corporation/Owner Occupied
18 Stone Container - Bloomington (1A) Stone Container Corporation/Owner Occupied
19 Stone Container - Danville (1A) Stone Container Corporation/Owner Occupied
20 Washington Marriott Hotel Marriott Hotel Services, Inc.
21 Willow Creek Apartments (Foster Portfolio) (1B) Foster Management Co
22 Lake Park Apartments (1B) Foster Management Co
23 Plaza South Apartments (1B) Foster Management Co
24 Farmwood Apartments (1B) Foster Management Co
25 Colony Apartments (1B) Foster Management Co
26 Southwest Plaza I and II Shopping Center Charles E. Robbins, Realtor
27 The Rosedale Corporate Plaza Texas Property Advisors, Inc.
28 Bayvue Apartments Southern Management Corporation
29 Lake Calhoun Executive Center Texas Property Advisors, Inc.
30 Pebble Creek Apartments (1C) Gainesville Real Estate Management Company, Inc.
31 Homestead Apartments (1C) Gainesville R/E Management Company, Inc.
32 Shops at Lyndale Phase II (1D) CSM Corporation
33 Shops at Lyndale Phase II - TIF (1D) CSM Corporation
34 Walgreens - Kirkland (1E) Walgreens
35 Walgreens Retail Pharmacy Store-San Francisco (1E) Walgreens
36 Walgreens Retail Pharmacy Store-Charleston/Torrey (1E) Walgreens
37 Walgreens Retail Pharmacy Store-Las Vegas Boulevard (1E) Walgreens
38 Walgreens Retail/Pharmacy Store-Paradise (1E) Walgreens
39 Country Village MHP Owner Managed
40 414 N. Orleans St. Spectrum Real Estate Services Incorporated
41 Two Greenville Crossing (1F) E.B.D. Management, Inc.
42 One Greenville Crossing (1F) E.B.D. Management, Inc.
43 Wesley Chapel Square Akin Venture, Ltd.
44 Mercado del Lago Shopping Center Westwood Financial Inc.
45 Curry Honda Automobile Dealership (1G) 3854 Crompond Road Corp. and 727 Central Avenue
46 Curry Chevrolet Automobile Dealership (1G) 3854 Crompond Road Corp. and 727 Central Avenue
47 Curry Acura Automobile Dealership (1G) 3854 Crompond Road Corp. and 727 Central Avenue
48 Curry Ford/Subaru Automobile Dealership (1G) 3854 Crompond Road Corp. and 727 Central Avenue
49 Curry Mitsubishi Automobile Dealership (1G) 3854 Crompond Road Corp. and 727 Central Avenue
<PAGE>
50 Curry Office Building (1G) 3854 Crompond Road Corp. and 727 Central Avenue
51 708 Broadway / 404 Lafayette Street Firstmark Management Corporation
52 360-386 East Fordham Road Marco Realty Associates, L.P.
53 Hampton Inn - Houston Galleria Ridgewood Hotels, Inc.
54 Holiday Inn Southwest and Viking Conference Center Owner Managed
55 Valley Central Center Henry Investments
56 Centrum Office Building Summit Property Management Corp.
57 237-269 East Fordham Road Val-Ford Realty Inc.
58 Dietrich Meadows S/C Midland Development Group, Inc.
59 Schaumburg Villas Apartments Mid-America Management Corp.
60 Vista Ridge Retail Center International Capital, Inc.
61 Trade Centre South Hughes Richardson Realty, Inc.
62 Loehman's Plaza Titan Management, L.P.
63 Southwind Plaza Slewa Investment, Inc.
64 127th Street Shopping Center Kovens Construction & Mgmt
65 Filene's Basement Distribution Center Liberty Properties Corp
66 Holiday Inn Express Hotel Richfield Hospitality Services, Inc.
67 Forest Pines Retirement Residence Holiday Retirement Corp.
68 Hammond Springs Shopping Center The Simpson Organization, Inc.
69 AMC Theater Complex Owner Managed
70 Roosevelt Plaza Shopping Center The Cotswold Group, Inc.
71 Johnson Square Office Park Pinnacle Realty Management Company, Inc.
72 Comfort Inn - Cleveland Pietro Properties Limited Partnership
73 Gateway Business Center Ambricourt Management Associates, LP
74 Good Samaritan Medical Plaza Santa Clara Valley Corporation
75 Spring Tree Apartments ConAm Management Corporation
76 Walgreen's Plaza Imwalle Stegner
77 Candler McAfee Shopping Center Infinity Property Management Corp.
78 Heritage Hills Apartments Real Estate Equities / Village Green, LLC
79 Big V Supermarket Columbia Management Group
80 1333 N. Kingsbury Street Planned Realty Management, Inc.
81 Wellington Place North Summit Property Management Corp.
82 Woodstock Square Shopping Center Ackerman & Co.
83 Willow Creek Apartments ConAm Management Corporation
84 Rainforest Cafe Property Owner Managed
85 Randall's Store Tenant Managed
86 34-38 Industrial Way East (Eatontown) North Jersey Management Corp.
87 Red Cedar Building Polinger Shannon and Luchs Company
88 Vineyard Crossing Apartments Westmark Management Company
89 Ojai Oaks Mobile Home Park Star Mobile Home Park Management
90 Highlands Ranch Town Center Westwood Financial Corp.
91 Greyberry Apartments of Wayne Owner Managed
92 Sunset Pecos Plaza The Equity Group
93 Carls Furniture/Sound Advice Myron Roberts Investments Company
94 Eldorado Estates Mobile Home Park Missouri Modular Park Corporation
95 North Plank Road ShopRite Center Empire Potomac Management Inc.
96 Colony Plaza Shopping Center Gregory Commercial, Inc.
97 10 North Ridgewood Road Roseland Management Co., L.L.C.
98 Doral Centre Shopping Plaza Larkin Schmidt Weidenbaum Commercial Real Estate
99 Carmel Woods Apartments Con Am Management Corporation
100 Seven Corners Professional Buildings Ominex, Inc.
101 Sunnydale MHP Missouri Modular Park, Corp.
102 Provence North Apartments First Communities Management, Inc.
<PAGE>
103 Courtyard Garden Apartments Roybal Properties, Inc.
104 Walgreens - Seattle Walgreens
105 Apache Village Apartments Midwest Management, Inc.
106 Walgreens Retail Building - Gresham Walgreens
107 Westridge Plaza Barry J. Sands & Brian L. Burton
108 University Village Apartments Self Managed
109 The Plaza at Stonebridge Christon Property Management Inc.
110 Henderson Plaza HPSC Management Company, L.L.C.
111 East Town Plaza Intra-State Property Management, L.L.C.
112 Lake Chabot Medical Center Thomas R. Powers
113 Garden City Town Center David M. Tisdale Management Company
114 Las Brisas Apartments Tucson Realty & Trust Co.
115 Bear Ground Apartments I, II, III Brothers Management Company
116 Walgreens Retail Building - Tucson Transmark Company, Inc.
117 Mark Apartments Hughes Management, Inc.
118 Bank Properties Wareham Property Group, Inc.
119 4646 Bronze Way (1H) Owner Managed
120 4647 Bronze Way (1H) Owner Managed
121 Aspenwood Apartments LEDIC Management Group, Inc.
122 Lauderdale Parc Apartments FEIT Management Company
123 West County Plaza Center Management Company
124 Sheldon Plaza Retail Center Jennings & Co. Property Management, Inc.
125 Olde Falls Village Indus Associates
126 The Highland Office Building Sinco International Investments, Inc.
127 A-1 Storage of Lafayette Owner Managed
128 The Gaither Center Greater Potomac, Inc.
129 Willowbrook North Townhome Apartment Complex Carlisle Apartments, Inc.
130 Casual Male Corporate Office Building Owner Managed
131 Walgreens Retail Building - Portland Walgreens
132 Lake Placid Village Apartments Capital Management Group, Inc.
133 Cumberland Apartments Mid America Management, Inc.
134 Rainbow Shopping Center NKE, Inc.
135 Snowfall Plaza Owner Managed
136 Finley Terrace Apartments Hartex Property Group, Inc.
137 417 W. Barry Avenue/3030 N. Sheridan Road Water Tower Realty Management Company
138 Bradford Gwinnett Apartments Jupiter Western National, L.L.C.
139 Furr's Grocery Store Owner Managed
140 South Brunswick Industrial Park Quick Property Management Inc
141 Villager Square Shopping Center Sevo Miller, Inc.
142 Flint Hill Building MJB Enterprises, Inc.
143 Peppertree Apartments Fulcrum Properties, Inc.
144 Star Ranch Plaza Griffis/Blessing, Inc.
145 Morehead Hills Apartments Westmark Management Company
146 Forest Park Apartments Westmark Management Company
147 Freeway Plaza Building Coldwell Banker Commercial Grand Realty
148 Coconut Creek Apartments Diversified Managed Investments, Inc.
149 The Colonial Arms Apartments Brothers Management Company, Inc.
150 Norwood Park North Office Building Myers Commercial, Inc.
151 Chevy Chase Arcade Zuckerman Gravely Management, Inc.
152 Holcombe Medical Building The Centra Group, L.L.C.
153 Youngstown Mobile Home Park Owner Managed
154 Kinston Marketplace Koll Management Services, Inc.
155 Versailles Apartments Coastal Property Services, Inc.
<PAGE>
156 Chaparral Apartments Hardin Properties, Inc.
157 Revco Drug Store Richard W. McKee Revocable Trust
158 Oakwood Estates Apartments Fulcrum Properties, Inc.
159 Innsbruck Villa Apartments Midwest Management, Inc.
160 The Pathmark Grocery Store Commerce Management Corp.
161 La Carre Apartments Fulcrum Properties, Inc.
162 Westside Plaza Shopping Center Larry A. Brotman
163 Woodhollow Apartments Barge Properties Mangement Company, Ltd.
164 Park View Place Apartments S&S Property Management, Inc.
165 2500 Packard Road Dietz Management Company
166 K-Mart Plaza Roebling of New York, Inc.
167 Portland Contessa Apartments Westmark Management Company
168 Lovers Lane Animal Hospital/Clinic Pinnacle Management Company
</TABLE>
(1A) The Mortgage Loans secured by the 18 Stone Container industrial
properties, respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Willow Creek Apartments (Foster Portfolio),
Lake Park Apartments, Plaza South Apartments, Farmwood Apartments, and
Colony Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Pebble Creek Apartments and Homestead
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by Shops at Lyndale Phase II and Shops at
Lyndale Phase II - TIF, respectively, are cross-collateralized and
cross-defaulted.
(1E) The Mortgage Loans secured by Walgreens - Kirkland, Walgreens Retail
Pharmacy Store - San Francisco, Walgreens Retail Pharmacy Store -
Charleston/Torrey, Walgreens Retail Pharmacy Store - Las Vegas Boulevard,
and Walgreens/Pharmacy Store - Paradise, respectively, are
cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Two Greenville Crossing and One Greenville
Crossing, respectively, are cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by Curry Honda Automobile Dealership, Curry
Chevrolet Automobile Dealership, Curry Acura Automobile Dealership, Curry
Ford/Subaru Automobile Dealership, Curry Mitsubishi Automobile Dealership,
and Curry Office Building, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by 4646 Bronze Way and 4647 Bronze Way,
respectively, are cross-collateralized and cross-defaulted.
(2) The Appraised Value for the Showboat Hotel & Casino, Atlantic City and the
aggregate Appraised Value of all the Mortgaged Properties set forth above
reflects, and the Cut-off Date LTV Ratio of the Showboat Loan and the
weighted average Cut-off Date LTV Ratio of the Mortgage Pool set forth
above is based upon, the unencumbered fee simple value of the Showboat
Hotel & Casino, Atlantic City under a foreclosure scenario, assuming that
such property is free and clear of the Showboat Ground Lease. The
estimated value (based upon an income capitalization approach) of the
property securing the Showboat Loan, taking into account the Showboat
Ground Lease, is approximately $110 million. Based upon such value, the
aggregate appraised value of all the Mortgaged Properties would be
$1,175,628,000, the Cut-off Date LTV Ratio of the Showboat Loan would be
90.8% and the weighted average Cut-off Date LTV Ratio of the Mortgage Pool
would be 73.4%.
(3) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest and
Viking Conference Center, Holdiay Inn Express Hotel, AMC Theater Complex,
and the Comfort Inn - Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the Mortgage
Pool - General" in the Prospectus Supplement.
<PAGE>
<TABLE>
<CAPTION>
Zip
Address City State Code
<S> <C> <C> <C> <C>
1 801 Boardwalk Atlantic City NJ 08401
2 13833 East Freeway Drive Santa Fe Springs CA 90670
3 47 Maple Street Mansfield MA 02048
4 1901 Junction Ave. San Jose CA 95131
5 50 37th Avenue N.E. Minneapolis MN 55421
6 2705 West Battlefield Road Springfield MO 65807
7 1078 Merrill Street Salinas CA 93912
8 5301 Jefferson Highway Harahan LA 70123
9 2021 South Fifth Street Rogers AR 72756
10 3972 Main Street Keokuk IA 52832
11 74 Pickering Street Portland CT 06480
12 Turner Industrial Park Saltillo MS 38866
13 3101 State Street Columbus IN 47201
14 7393 Shawnee Road North Tonawanda NY 14120
15 655 41st Avenue North St. Cloud MN 56303
16 1345 Flowood Drive Jackson MS 39208
17 550 South Street East Collierville TN 38017
18 Route 150 South Bloomington IL 61702
19 1501 East Voorhees Street Danville IL 61832
20 1221 22nd Street, N.W. Washington DC 20037
21 100 Stagecoach Road Winston-Salem NC 27105
22 549 Arbor Hill Road Kernersville NC 27284
23 3501 Plaza Hollow Drive Winston-Salem NC 27107
24 120 Farmwood Drive Kernersville NC 37284
25 4240 Brownsboro Road Winston-Salem NC 27105
26 SWC Veterans Parkway & Wabash Avenue Springfield IL 62704
27 2685 Long Lake Road Roseville MN 55113
28 1293 Bayside Avenue Woodbridge VA 22191
29 3033 Excelsior Boulevard Minneapolis MN 55416
30 2360 SW Archer Road Gainesville FL 32608
31 3611 SW 34th Street Gainesville FL 32608
32 NWC Interstate 494 and Lyndale Avenue Richfield MN 55423
33 NWC Interstate 494 and Lyndale Avenue Richfield MN 55423
34 12405 NE 85TH Street Kirkland WA 98033
35 1189 Potrero Avenue San Francisco CA 94110
36 6401 Charleston Boulevard Las Vegas NV 89102
37 2280 Las Vegas Boulevard Las Vegas NV 89030
38 7576 Skyway Paradise CA 95969
39 1463 South Village Court Oregon City OR 97045
40 414 N. Orleans St. Chicago IL 60610
41 4001 Kennett Pike Greenville DE 19807
42 4007-4025 Kennett Pike Greenville DE 19807
43 2375 Wesley Chapel Road Decatur GA 30035
44 NWC of Santa Margarita & Antonio Parkways Rancho Santa Margarita CA 92688
45 5525 Peachtree Industrial Boulevard Chamblee GA 30341
46 3845 Crompond Road Yorktown NY 10598
47 685 Central Park Avenue Scarsdale NY 10583
48 3493 Crompond Road Yorktown NY 10598
49 3505 Crompond Road Yorktown NY 10598
<PAGE>
50 721 Central Park Avenue Scarsdale NY 10583
51 708 Broadway New York NY 10003
52 360-386 East Fordham Road Bronx NY 10458
53 4500 Post Oak Parkway Houston TX 77027
54 10709 Watson Road Sunset Hills MO 63127
55 NWC of Valley Central Way and Avenue J Lancaster CA 93536
56 24901 Northwestern Highway Southfield MI 48075
57 237-269 East Fordham Road Bronx NY 10458
58 13918-13952 Manchester Road St. Louis MO 63011
59 1010 Knollwood Drive Schaumburg IL 60194
60 2403 S. Stemmons Freeway Lewisville TX 75067
61 100 Trade Centre Drive Champaign IL 61820
62 4076-4128 PGA Boulevard Palm Beach Gardens FL 33480
63 917/921 West Holmes & 3525/3615 South MLK Blvd Lansing MI 48910
64 12700 Biscayne Boulevard North Miami FL 33181
65 26 Millbury Street Auburn MA 01501
66 1401 Bloomfield Ave. Baltimore MD 21227
67 1720 Devonshire Drive Columbia SC 29204
68 5975 Roswell Road Sandy Springs GA 30328
69 1310 Third Street Santa Monica CA 90404
70 6501 Roosevelt Boulevard Philadelphia PA 19149
71 1501 - 1523 Johnson Ferry Road Marietta GA 30062
72 1800 Euclid Avenue Cleveland OH 44115
73 1333 and 1335 Gateway Drive Melbourne FL 32901
74 393 Blossom Hill Road San Jose CA 95123
75 1423 Graves Avenue El Cajon CA 92020
76 3860-3954 Decoto Road Fremont CA 94555
77 1950 Candler Road Atlanta GA 30317
78 3901 and 3909 Heritage Hills Drive Bloomington MN 55437
79 486-496 Albany Post Road Hyde Park NY 12538
80 1333 N. Kingsbury Street Chicago IL 60622
81 30445 Northwestern Hwy. Farmington Hills MI 48334
82 Highway 92 / Alabama Road Woodstock GA 30188
83 13656 Hilleary Place Poway CA 92064
84 605 N. Clark Street Chicago IL 60610
85 5800 New Territory Blvd. Sugar Land TX 77479
86 34-38 Industrial Way East Eatontown NJ 07724
87 44425 Pecan Court California MD 20619
88 3411 Old Vineyard Road Winston-Salem NC 27103
89 950 Woodland Avenue Ojai CA 93105
90 SWC of S. Broadway & Highlands Ranch Parkway Highlands Ranch CO 80126
91 3609 Hannan Road Wayne MI 48184
92 3460 Sunset Road and 6420 South Pecos Road Las Vegas NV 89120
93 17651 N. Biscayne Blvd. Aventura FL 33160
94 1 Eldorado Court St. Peters MO 63376
95 NW Corner of Route 32 and Chestnut Lane Newburgh NY 12550
96 State Highway 121 at Main Street The Colony TX 75056
97 10 North Ridgewood Road South Orange NJ 07079
98 9555 NW 41st Street Miami FL 33178
99 3500 San Clemente Avenue Modesto CA 95356
100 6305 & 6319 Castle Place & 2946 Sleepy Hollow Rd Falls Church VA 22042
101 301 Sunnydale Drive St. Charles MO 63301
102 6558 Roswell Road Atlanta GA 30328
<PAGE>
103 4040 Badillo Circle Baldwin Park CA 91706
104 14330-14350 Lake City Way Northeast Seattle WA 98125
105 3839 Hart Boulevard Columbia Heights MN 55241
106 1950 N.E. Burnside Road Gresham OR 97030
107 25001-25099 Center Ridge Road Westlake OH 44145
108 659 Elm Street Terre Haute IN 47807
109 NEC of El Dorado Parkway and Lake Forest Drive McKinney TX 75070
110 2307 U.S Highway 79 Henderson TX 75654
111 1126 Elida Avenue Delphos OH 45833
112 20055 Lake Chabot Road Castro Valley CA 94546
113 5836-5940 Middlebelt Road Garden City MI 48135
114 2200 Las Brisas Way Sierra Vista AZ 85635
115 South 2nd and 5th Street Waco TX 76706
116 1550 West Valencia Road Tucson AZ 85746
117 3315 North Hills Street Meridian MS 39305
118 1120 Nye Street San Rafael CA 94901
119 4646 Bronze Way Dallas TX 75236
120 4647 Bronze Way Dallas TX 75236
121 3235 S. Mendenhall Road Memphis TN 38115
122 3333 Davie Boulevard Fort Lauderdale FL 33312
123 1613 Northwest County Road Odessa TX 79763
124 1502-1590 Coburg Road Eugene OR 97401
125 245 East Street Village of Honeoye Falls NY 14472
126 885 Arapahoe Avenue Boulder CO 80302
127 530 Stacy Court Lafayette CO 80026
128 9083 Gaither Rd. & 15900-15944 Luanne Drive Gaithersburg MD 20877
129 2018 W. Rundberg Austin TX 78758
130 437 Turnpike Street Canton MA 02021
131 3 N.E. 82ND Avenue Portland OR 97220
132 5801 Kingsport Drive Atlanta GA 30342
133 4600 N. Cumberland Avenue Chicago IL 60656
134 NEC of Rainbow Blvd & Spring Mountain Rd Las Vegas NV 89102
135 Route 7A Manchester VT 05255
136 2504 Finley Road Irving TX 75062
137 417 W. Barry Avenue/3030 N. Sheridan Road Chicago IL 60657
138 100 Castor Drive Norcross GA 30071
139 5514 Alameda Avenue El Paso TX 79905
140 110 Melrich Road South Brunswick NJ 08846
141 9012-9142 West Ken Caryl Ave. Littleton CO 80127
142 11601-11631 Nebel Street Rockville MD 20852
143 4203 Buford Highway Atlanta GA 30345
144 3647 Star Ranch Road Colorado Springs CO 80906
145 500 Cobb Street Durham NC 27701
146 33 Cunningham Road Taylors SC 29687
147 West 1500 Fourth Avenue Spokane WA 99204
148 370 Sunshine Drive Coconut Creek FL 33066
149 5901, 5817, 5701 Edmond Waco TX 76710
150 1550 Norwood Drive Hurst TX 76054
151 5520 Connecticut Avenue, N.W. Washington DC 20015
152 2201 W. Holcombe Houston TX 77030
153 911 N. McDowell Boulevard Petaluma CA 94952
154 1030 New Bern Road Kinston NC 28501
155 1110 West Poplar Street Griffin GA 30344
<PAGE>
156 603 W. Eagle Denton TX 76201
157 Keith Street at Tucker Street Cleveland TN 37311
158 1457 Oakwood Drive Greenville MS 38701
159 2395 Third Street Northwest New Brighton MN 55112
160 407-411 Valley Street S. Orange Village Township NJ 07079
161 700 N. Indian Creek Drive Clarkston GA 30021
162 400-440 S. Ventura Road Oxnard CA 93030
163 2451 Lake Road Huntsville TX 77340
164 6226 Barnes Road South Jacksonville FL 32216
165 2500 Packard Road Ann Arbor MI 48104
166 4545 South Noland Road Independence MO 64051
167 410 Lang Road Portland TX 78374
168 4660 West Lovers Lane Dallas TX 75207
</TABLE>
(1A) The Mortgage Loans secured by the 18 Stone Container industrial
properties, respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Willow Creek Apartments (Foster Portfolio),
Lake Park Apartments, Plaza South Apartments, Farmwood Apartments, and
Colony Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Pebble Creek Apartments and Homestead
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by Shops at Lyndale Phase II and Shops at
Lyndale Phase II - TIF, respectively, are cross-collateralized and
cross-defaulted.
(1E) The Mortgage Loans secured by Walgreens - Kirkland, Walgreens Retail
Pharmacy Store - San Francisco, Walgreens Retail Pharmacy Store -
Charleston/Torrey, Walgreens Retail Pharmacy Store - Las Vegas Boulevard,
and Walgreens/Pharmacy Store - Paradise, respectively, are
cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Two Greenville Crossing and One Greenville
Crossing, respectively, are cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by Curry Honda Automobile Dealership, Curry
Chevrolet Automobile Dealership, Curry Acura Automobile Dealership, Curry
Ford/Subaru Automobile Dealership, Curry Mitsubishi Automobile Dealership,
and Curry Office Building, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by 4646 Bronze Way and 4647 Bronze Way,
respectively, are cross-collateralized and cross-defaulted.
(2) The Appraised Value for the Showboat Hotel & Casino, Atlantic City and the
aggregate Appraised Value of all the Mortgaged Properties set forth above
reflects, and the Cut-off Date LTV Ratio of the Showboat Loan and the
weighted average Cut-off Date LTV Ratio of the Mortgage Pool set forth
above is based upon, the unencumbered fee simple value of the Showboat
Hotel & Casino, Atlantic City under a foreclosure scenario, assuming that
such property is free and clear of the Showboat Ground Lease. The
estimated value (based upon an income capitalization approach) of the
property securing the Showboat Loan, taking into account the Showboat
Ground Lease, is approximately $110 million. Based upon such value, the
aggregate appraised value of all the Mortgaged Properties would be
$1,175,628,000, the Cut-off Date LTV Ratio of the Showboat Loan would be
90.8% and the weighted average Cut-off Date LTV Ratio of the Mortgage Pool
would be 73.4%.
(3) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest and
Viking Conference Center, Holdiay Inn Express Hotel, AMC Theater Complex,
and the Comfort Inn - Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the Mortgage
Pool - General" in the Prospectus Supplement.
<PAGE>
<TABLE>
<CAPTION>
Units/
Square Occupancy
Footage/ Fee Simple/ Year Year Rate at
# Property Type Rooms Leasehold Built Renovated U/W
- ------------- ------- ---------- ----- --------- ------
<S> <C> <C> <C> <C> <C> <C>
1 Hotel & Casino 516 Fee 1984 1994 N/A
2 Industrial 200,460 Fee 1966 N/A 100%
3 Industrial 167,368 Fee 1971 N/A 100%
4 Industrial 164,100 Fee 1967 N/A 100%
5 Industrial 250,750 Fee 1955 1980 100%
6 Industrial 200,880 Fee 1959 1968 100%
7 Industrial 183,000 Fee 1954 1969 100%
8 Industrial 138,355 Fee 1967 1976 100%
9 Industrial 185,260 Fee 1963 1987 100%
10 Industrial 180,803 Fee 1955 1972 100%
11 Industrial 163,868 Fee 1942 1979 100%
12 Industrial 168,034 Fee 1981 1989 100%
13 Industrial 136,112 Fee 1968 N/A 100%
14 Industrial 156,710 Fee 1927 1967 100%
15 Industrial 202,200 Fee 1960 1992 100%
16 Industrial 157,955 Fee 1960 1970 100%
17 Industrial 79,300 Fee 1980 N/A 100%
18 Industrial 58,560 Fee 1965 1971 100%
19 Industrial 52,980 Fee 1960 1967 100%
20 Hotel 418 Fee 1981 1995 N/A
21 Multifamily 302 Fee 1978 N/A 95%
22 Multifamily 210 Fee 1983 N/A 97%
23 Multifamily 239 Fee 1978 1995 97%
24 Multifamily 254 Fee 1974 N/A 96%
25 Multifamily 119 Fee 1974 N/A 96%
26 Retail 225,889 Fee 1989 N/A 97%
27 Office 233,987 Fee 1987 N/A 100%
28 Multifamily 670 Fee 1959 1996 96%
29 Office 156,149 Fee/Leasehold 1955 1989 98%
30 Multifamily 168 Fee 1996 N/A 99%
31 Multifamily 253 Fee 1981 1994 96%
32 Retail 114,640 Fee 1996 N/A 100%
33 Retail 114,640 Fee 1996 N/A 100%
34 Retail 13,905 Fee 1997 N/A 100%
35 Retail 14,026 Fee 1996 N/A 100%
36 Retail 13,905 Fee 1996 N/A 100%
37 Retail 15,120 Fee 1996 N/A 100%
38 Retail 13,905 Fee 1996 N/A 100%
39 Mobile Home Park 477 Fee 1988 1995 99%
40 Office 185,717 Fee 1908 1985 100%
41 Mixed Use 66,177 Fee 1990 N/A 100%
42 Retail 63,012 Fee 1950 1988 96%
43 Retail 215,096 Fee 1987 N/A 100%
44 Retail 68,055 Fee 1989 N/A 100%
45 Other Commercial 49,973 Fee 1967 1994 100%
46 Other Commercial 32,340 Fee 1964 N/A 100%
47 Other Commercial 14,632 Fee 1950 1980 100%
48 Other Commercial 28,065 Fee 1966 1986 100%
49 Other Commercial 16,073 Fee 1956 1990 100%
<PAGE>
50 Other Commercial 14,460 Fee 1964 N/A 100%
51 Office 148,778 Fee 1915 1988 100%
52 Retail 46,480 Fee 1927 1990 90%
53 Hotel 176 Fee 1995 N/A N/A
54 Hotel 212 Fee 1972 1997 N/A
55 Retail 110,870 Fee 1990 N/A 94%
56 Office 193,665 Fee 1971 1995 98%
57 Retail 24,200 Fee 1920 1992 100%
58 Retail 70,325 Fee 1997 N/A 100%
59 Multifamily 300 Fee 1970 N/A 98%
60 Retail 52,280 Fee 1996 N/A 100%
61 Office 101,945 Fee/Leasehold 1990 N/A 93%
62 Retail 99,059 Fee 1982 1992 100%
63 Retail 133,044 Fee 1969 N/A 89%
64 Retail 167,612 Leasehold 1959 1989 100%
65 Industrial 456,920 Fee 1972 1987 100%
66 Hotel 177 Fee 1985 1993 N/A
67 Senior Housing 115 Fee 1996 N/A 100%
68 Retail 62,414 Fee 1987 N/A 92%
69 Retail 35,000 Fee 1989 N/A 100%
70 Retail 121,595 Fee 1951 1987 93%
71 Office 116,325 Fee 1980 N/A 91%
72 Hotel 130 Leasehold 1961 1995 N/A
73 Mixed Use 116,010 Fee 1986 1993 94%
74 Office 44,000 Fee 1995 N/A 100%
75 Multifamily 148 Fee 1986 N/A 98%
76 Retail 35,797 Fee 1994 N/A 100%
77 Retail 167,784 Fee 1957 1992 100%
78 Multifamily 135 Fee 1975 1996 98%
79 Retail 52,500 Fee 1997 N/A 100%
80 Office 96,008 Fee 1900 1990 99%
81 Office 93,974 Fee 1986 N/A 99%
82 Retail 77,411 Fee 1988 N/A 100%
83 Multifamily 107 Fee 1985 N/A 100%
84 Retail 20,322 Fee 1997 N/A 100%
85 Retail 59,000 Fee 1996 N/A 100%
86 Industrial 105,858 Fee 1988 N/A 95%
87 Office 58,948 Fee 1997 N/A 100%
88 Multifamily 192 Fee 1981 N/A 97%
89 Mobile Home Park 125 Fee 1975 1996 99%
90 Retail 39,089 Fee 1997 N/A 87%
91 Multifamily 124 Fee 1991 N/A 100%
92 Retail 36,456 Fee 1997 N/A 90%
93 Retail 57,000 Fee 1996 N/A 100%
94 Mobile Home Park 400 Fee 1972 N/A 99%
95 Retail 54,776 Fee 1972 1984 100%
96 Retail 33,494 Fee 1997 N/A 100%
97 Multifamily 66 Fee 1938 N/A 97%
98 Retail 35,032 Fee 1996 N/A 100%
99 Multifamily 120 Fee 1985 N/A 96%
100 Office 56,027 Fee 1959 N/A 94%
101 Mobile Home Park 296 Fee 1967 N/A 99%
102 Multifamily 112 Fee 1966 N/A 96%
<PAGE>
103 Multifamily 87 Fee 1963 1995 100%
104 Retail 13,905 Fee 1996 N/A 100%
105 Multifamily 145 Fee 1970 1994 99%
106 Retail 13,905 Fee 1997 N/A 100%
107 Retail 98,833 Fee 1975 N/A 95%
108 Multifamily 47 Fee 1994 N/A 100%
109 Retail 33,700 Fee 1997 N/A 94%
110 Retail 120,050 Fee 1968 N/A 100%
111 Retail 79,425 Fee 1989 N/A 95%
112 Office 26,195 Leasehold 1985 N/A 100%
113 Retail 44,747 Fee 1989 N/A 88%
114 Multifamily 132 Fee 1986 N/A 98%
115 Multifamily 188 Fee 1974 1993 95%
116 Retail 17,089 Fee 1996 N/A 100%
117 Multifamily 96 Fee 1986 N/A 100%
118 Office 22,879 Fee 1903 1984 100%
119 Industrial 85,376 Fee 1969 1997 100%
120 Industrial 57,804 Fee 1972 1997 100%
121 Multifamily 120 Fee 1970 1992 99%
122 Multifamily 120 Fee 1971 1992 99%
123 Retail 111,789 Fee 1970 1994 93%
124 Retail 59,201 Fee 1975 N/A 100%
125 Multifamily 112 Fee 1969 1989 98%
126 Office 15,660 Fee 1892 1979 100%
127 Self Storage 73,876 Fee 1993 1996 83%
128 Retail 36,280 Fee 1978 N/A 100%
129 Multifamily 76 Fee 1985 N/A 99%
130 Mixed Use 53,000 Fee 1979 1997 100%
131 Retail 13,737 Fee 1997 N/A 100%
132 Multifamily 98 Fee 1970 N/A 96%
133 Multifamily 84 Fee 1971 N/A 96%
134 Retail 19,875 Fee 1980 1994 90%
135 Retail 15,510 Fee 1980 1994 100%
136 Multifamily 142 Fee 1968 1993 96%
137 Multifamily 50 Fee 1920 1995 100%
138 Multifamily 196 Fee 1981 1995 98%
139 Retail 45,096 Fee 1972 1995 100%
140 Industrial 117,430 Fee 1985 N/A 100%
141 Retail 37,455 Fee 1983 1994 100%
142 Mixed Use 19,950 Fee 1983 N/A 94%
143 Multifamily 61 Fee 1978 N/A 98%
144 Retail 35,204 Fee 1986 N/A 96%
145 Multifamily 75 Fee 1979 N/A 100%
146 Multifamily 80 Fee 1979 N/A 100%
147 Office 40,016 Fee 1980 N/A 82%
148 Multifamily 66 Fee 1973 N/A 95%
149 Multifamily 123 Fee 1964 N/A 98%
150 Office 42,716 Fee 1981 N/A 95%
151 Mixed Use 12,318 Fee 1925 1996 100%
152 Office 26,767 Fee 1983 N/A 97%
153 Mobile Home Park 102 Fee 1975 N/A 100%
154 Retail 52,230 Fee 1986 1997 100%
155 Multifamily 80 Fee 1970 1988 98%
<PAGE>
156 Multifamily 172 Fee 1966 1994 93%
157 Retail 10,722 Fee 1997 N/A 100%
158 Multifamily 80 Fee 1975 1990 98%
159 Multifamily 74 Fee 1965 1994 95%
160 Retail 46,500 Fee 1971 1986 100%
161 Multifamily 50 Fee 1970 N/A 100%
162 Retail 10,673 Fee 1996 N/A 91%
163 Multifamily 84 Fee 1973 N/A 95%
164 Multifamily 68 Fee 1967 N/A 96%
165 Office 24,227 Fee 1969 N/A 91%
166 Retail 104,000 Fee 1967 N/A 100%
167 Multifamily 64 Fee 1973 1994 97%
168 Other Commercial 7,020 Fee 1991 N/A 100%
</TABLE>
(1A) The Mortgage Loans secured by the 18 Stone Container industrial
properties, respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Willow Creek Apartments (Foster Portfolio),
Lake Park Apartments, Plaza South Apartments, Farmwood Apartments, and
Colony Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Pebble Creek Apartments and Homestead
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by Shops at Lyndale Phase II and Shops at
Lyndale Phase II - TIF, respectively, are cross-collateralized and
cross-defaulted.
(1E) The Mortgage Loans secured by Walgreens - Kirkland, Walgreens Retail
Pharmacy Store - San Francisco, Walgreens Retail Pharmacy Store -
Charleston/Torrey, Walgreens Retail Pharmacy Store - Las Vegas Boulevard,
and Walgreens/Pharmacy Store - Paradise, respectively, are
cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Two Greenville Crossing and One Greenville
Crossing, respectively, are cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by Curry Honda Automobile Dealership, Curry
Chevrolet Automobile Dealership, Curry Acura Automobile Dealership, Curry
Ford/Subaru Automobile Dealership, Curry Mitsubishi Automobile Dealership,
and Curry Office Building, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by 4646 Bronze Way and 4647 Bronze Way,
respectively, are cross-collateralized and cross-defaulted.
(2) The Appraised Value for the Showboat Hotel & Casino, Atlantic City and the
aggregate Appraised Value of all the Mortgaged Properties set forth above
reflects, and the Cut-off Date LTV Ratio of the Showboat Loan and the
weighted average Cut-off Date LTV Ratio of the Mortgage Pool set forth
above is based upon, the unencumbered fee simple value of the Showboat
Hotel & Casino, Atlantic City under a foreclosure scenario, assuming that
such property is free and clear of the Showboat Ground Lease. The
estimated value (based upon an income capitalization approach) of the
property securing the Showboat Loan, taking into account the Showboat
Ground Lease, is approximately $110 million. Based upon such value, the
aggregate appraised value of all the Mortgaged Properties would be
$1,175,628,000, the Cut-off Date LTV Ratio of the Showboat Loan would be
90.8% and the weighted average Cut-off Date LTV Ratio of the Mortgage Pool
would be 73.4%.
(3) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest and
Viking Conference Center, Holdiay Inn Express Hotel, AMC Theater Complex,
and the Comfort Inn - Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the Mortgage
Pool - General" in the Prospectus Supplement.
<PAGE>
<TABLE>
<CAPTION>
Cut-off
Appraised Value Date LTV U/W
# (2) Ratio (2) U/W NOI DSCR
<S> <C> <C> <C> <C>
1 $416,000,000 24.0% $9,182,326 1.14
2 6,000,000 74.6% 631,913 1.46
3 5,800,000 74.6% 589,938 1.41
4 5,650,000 74.6% 518,728 1.27
5 5,150,000 74.6% 520,462 1.40
6 4,700,000 74.6% 529,771 1.56
7 4,025,000 74.6% 442,677 1.52
8 3,800,000 74.6% 364,824 1.33
9 3,150,000 74.6% 286,412 1.26
10 2,350,000 74.6% 240,060 1.42
11 2,300,000 74.6% 253,339 1.53
12 2,020,000 74.6% 191,323 1.31
13 2,000,000 74.6% 236,835 1.64
14 2,000,000 74.6% 255,955 1.77
15 2,000,000 74.6% 224,341 1.55
16 1,850,000 74.6% 175,252 1.31
17 1,500,000 74.6% 130,290 1.20
18 1,050,000 74.6% 103,314 1.36
19 850,000 74.6% 81,907 1.34
20 75,000,000 45.3% 4,827,019 1.62
21 9,600,000 74.7% 725,870 1.23
22 8,600,000 79.9% 788,705 1.40
23 7,350,000 79.9% 627,486 1.30
24 7,325,000 79.9% 622,969 1.30
25 3,175,000 69.2% 224,623 1.25
26 24,500,000 74.4% 1,900,809 1.24
27 24,500,000 73.4% 2,051,784 1.42
28 21,800,000 79.5% 1,841,006 1.25
29 20,900,000 76.8% 1,867,029 1.29
30 9,900,000 75.6% 843,466 1.33
31 9,450,000 77.0% 793,316 1.28
32 17,750,000 74.7% 1,489,606 1.28
33 3,050,000 48.4% 309,514 1.68
34 4,300,000 80.0% 375,939 1.26
35 4,600,000 73.9% 371,562 1.26
36 3,400,000 80.7% 299,309 1.25
37 3,400,000 80.7% 299,188 1.25
38 2,450,000 74.5% 199,884 1.26
39 20,313,000 64.9% 1,419,941 1.35
40 17,470,000 74.3% 1,417,274 1.24
41 12,600,000 60.2% 950,141 1.54
42 8,600,000 60.4% 671,453 1.59
43 15,950,000 71.1% 1,415,979 1.32
44 14,600,000 77.2% 1,185,927 1.26
45 5,100,000 65.4% 503,369 1.41
46 3,500,000 59.7% 299,258 1.33
47 2,500,000 65.7% 226,767 1.29
48 2,400,000 68.4% 232,697 1.32
49 1,500,000 64.4% 136,147 1.31
<PAGE>
50 $ 1,000,000 64.7% $ 96,845 1.39
51 14,000,000 71.3% 1,193,749 1.38
52 18,000,000 55.4% 1,601,351 1.93
53 14,300,000 69.8% 1,306,619 1.44
54 14,600,000 66.5% 1,360,645 1.43
55 11,700,000 79.8% 1,004,496 1.26
56 13,300,000 67.6% 1,192,679 1.53
57 11,400,000 76.7% 963,000 1.36
58 11,200,000 74.9% 926,046 1.26
59 11,200,000 71.3% 900,112 1.39
60 9,900,000 79.8% 878,008 1.31
61 10,900,000 72.3% 876,951 1.29
62 9,800,000 79.8% 863,378 1.28
63 10,000,000 75.9% 831,546 1.34
64 $10,200,000 73.4% $ 843,953 1.39
65 14,340,000 52.2% 1,065,682 1.54
66 10,000,000 74.8% 978,132 1.41
67 9,600,000 75.3% 866,932 1.36
68 8,950,000 79.1% 848,901 1.39
69 10,000,000 69.8% 1,000,430 1.69
70 11,100,000 62.0% 802,766 1.28
71 8,200,000 78.9% 746,511 1.39
72 8,000,000 74.9% 855,030 1.58
73 7,600,000 77.4% 677,230 1.28
74 8,200,000 68.8% 648,695 1.28
75 7,100,000 78.3% 593,249 1.27
76 7,000,000 74.2% 571,007 1.31
77 6,400,000 80.6% 639,487 1.26
78 6,400,000 79.5% 555,466 1.27
79 6,900,000 73.7% 652,383 1.43
80 6,700,000 74.8% 576,466 1.29
81 9,500,000 52.6% 618,998 1.43
82 6,550,000 76.2% 577,210 1.38
83 6,750,000 73.7% 520,356 1.24
84 7,050,000 70.4% 676,984 1.26
85 6,165,000 77.7% 552,112 1.31
86 6,240,000 73.6% 491,190 1.25
87 6,100,000 71.9% 482,355 1.28
88 8,000,000 53.7% 462,119 1.29
89 5,840,000 73.4% 472,694 1.28
90 6,350,000 66.7% 523,830 1.32
91 5,650,000 74.1% 502,607 1.45
92 6,150,000 66.5% 550,772 1.48
93 5,700,000 70.7% 536,495 1.35
94 11,155,000 34.3% 856,548 2.67
95 5,100,000 74.4% 441,511 1.33
96 5,200,000 72.9% 421,268 1.29
97 4,700,000 80.6% 424,292 1.30
98 5,200,000 72.8% 462,021 1.37
99 4,900,000 77.2% 402,932 1.27
100 5,000,000 74.8% 432,738 1.35
101 7,840,000 47.6% 616,708 1.97
102 4,575,000 79.4% 385,440 1.25
<PAGE>
103 4,700,000 74.3% 396,332 1.33
104 4,500,000 72.7% 357,509 1.26
105 4,290,000 75.1% 366,050 1.35
106 4,150,000 76.9% 348,779 1.26
107 6,050,000 52.7% 434,253 1.48
108 4,400,000 71.5% 358,384 1.36
109 4,190,000 74.9% 366,056 1.34
110 4,175,000 74.6% 355,816 1.29
111 3,960,000 77.5% 392,021 1.40
112 4,600,000 65.1% 425,159 1.63
113 4,300,000 69.4% 377,344 1.37
114 4,100,000 71.7% 332,492 1.27
115 3,800,000 76.1% 321,819 1.28
116 3,400,000 85.0% 289,321 1.05
117 3,650,000 77.9% 337,062 1.43
118 3,800,000 73.5% 296,786 1.17
119 2,200,000 72.9% 206,074 1.36
120 1,500,000 72.4% 131,977 1.29
121 3,400,000 76.2% 309,669 1.43
122 3,500,000 72.3% 315,448 1.33
123 3,450,000 73.0% 287,565 1.30
124 3,700,000 67.4% 287,712 1.29
125 3,600,000 69.2% 323,716 1.51
126 3,800,000 65.4% 306,668 1.21
127 3,400,000 72.2% 304,694 1.34
128 3,800,000 61.6% 328,910 1.55
129 3,000,000 77.2% 253,500 1.31
130 3,050,000 75.2% 266,021 1.29
131 2,950,000 77.4% 249,856 1.26
132 2,800,000 74.9% 226,499 1.31
133 2,850,000 73.5% 237,987 1.35
134 2,650,000 78.2% 242,725 1.28
135 3,365,000 60.7% 251,946 1.29
136 2,600,000 78.5% 243,786 1.29
137 2,720,000 73.4% 230,639 1.38
138 3,500,000 56.9% 329,694 1.67
139 2,800,000 71.2% 279,236 1.43
140 3,800,000 52.3% 285,314 1.42
141 2,800,000 69.8% 247,847 1.42
142 2,600,000 74.8% 230,858 1.30
143 2,375,000 79.9% 198,244 1.29
144 2,700,000 70.1% 227,850 1.26
145 3,050,000 61.9% 193,460 1.25
146 2,500,000 71.1% 185,550 1.27
147 2,700,000 65.8% 203,801 1.29
148 2,200,000 79.7% 198,292 1.23
149 2,125,000 79.8% 204,304 1.45
150 2,200,000 69.1% 169,345 1.26
151 2,100,000 71.3% 169,273 1.30
152 2,100,000 71.3% 164,390 1.28
153 3,190,000 46.9% 228,817 1.83
154 2,200,000 68.0% 170,331 1.33
155 2,050,000 72.9% 187,324 1.24
<PAGE>
156 2,600,000 57.0% 240,385 1.39
157 1,900,000 76.8% 174,678 1.22
158 1,800,000 79.8% 157,475 1.26
159 1,830,000 74.9% 171,468 1.49
160 2,175,000 61.2% 198,263 1.25
161 1,650,000 78.7% 133,351 1.25
162 1,950,000 66.3% 152,857 1.23
163 1,550,000 77.2% 138,331 1.26
164 1,450,000 74.7% 124,892 1.32
165 1,400,000 74.6% 130,464 1.26
166 2,750,000 25.4% 82,905 1.29
167 1,000,000 63.9% 66,720 1.25
168 700,000 72.5% 93,122 1.65
$1,481,628,000 (2) 65.4% (2) $98,706,045 1.35
================================================
</TABLE>
(1A) The Mortgage Loans secured by the 18 Stone Container industrial
properties, respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Willow Creek Apartments (Foster Portfolio),
Lake Park Apartments, Plaza South Apartments, Farmwood Apartments, and
Colony Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Pebble Creek Apartments and Homestead
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by Shops at Lyndale Phase II and Shops at
Lyndale Phase II - TIF, respectively, are cross-collateralized and
cross-defaulted.
(1E) The Mortgage Loans secured by Walgreens - Kirkland, Walgreens Retail
Pharmacy Store - San Francisco, Walgreens Retail Pharmacy Store -
Charleston/Torrey, Walgreens Retail Pharmacy Store - Las Vegas Boulevard,
and Walgreens/Pharmacy Store - Paradise, respectively, are
cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Two Greenville Crossing and One Greenville
Crossing, respectively, are cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by Curry Honda Automobile Dealership, Curry
Chevrolet Automobile Dealership, Curry Acura Automobile Dealership, Curry
Ford/Subaru Automobile Dealership, Curry Mitsubishi Automobile Dealership,
and Curry Office Building, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by 4646 Bronze Way and 4647 Bronze Way,
respectively, are cross-collateralized and cross-defaulted.
(2) The Appraised Value for the Showboat Hotel & Casino, Atlantic City and the
aggregate Appraised Value of all the Mortgaged Properties set forth above
reflects, and the Cut-off Date LTV Ratio of the Showboat Loan and the
weighted average Cut-off Date LTV Ratio of the Mortgage Pool set forth
above is based upon, the unencumbered fee simple value of the Showboat
Hotel & Casino, Atlantic City under a foreclosure scenario, assuming that
such property is free and clear of the Showboat Ground Lease. The
estimated value (based upon an income capitalization approach) of the
property securing the Showboat Loan, taking into account the Showboat
Ground Lease, is approximately $110 million. Based upon such value, the
aggregate appraised value of all the Mortgaged Properties would be
$1,175,628,000, the Cut-off Date LTV Ratio of the Showboat Loan would
be 90.8% and the weighted average Cut-off Date LTV Ratio of the
Mortgage Pool would be 73.4%.
(3) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest
and Viking Conference Center, Holiday Inn Express Hotel, AMC
Theater Complex, and the Comfort Inn - Cleveland, the maturity date is
assumed to be the Anticipated Repayment Date. See "Description of
the Mortgage Pool - General" in the Prospectus Supplement.
<PAGE>
<TABLE>
<CAPTION>
Original Remaining
Percentage Amortiz- Amortiz-
Original Cut-off of Initial ation ation
Principal Date Pool Period Period
# Balance Balance Balance (months) (months)
<S> <C> <C> <C> <C> <C>
1 $100,000,000 $99,880,087 11.9% 360 359
2 4,500,000 4,473,154 0.5% 300 294
3 4,350,000 4,324,049 0.5% 300 294
4 4,237,500 4,212,220 0.5% 300 294
5 3,862,500 3,839,457 0.5% 300 294
6 3,525,000 3,503,971 0.4% 300 294
7 3,018,750 3,000,741 0.4% 300 294
8 2,850,000 2,832,998 0.3% 300 294
9 2,362,500 2,348,406 0.3% 300 294
10 1,762,500 1,751,985 0.2% 300 294
11 1,725,000 1,714,709 0.2% 300 294
12 1,515,000 1,505,962 0.2% 300 294
13 1,500,000 1,491,051 0.2% 300 294
14 1,500,000 1,491,051 0.2% 300 294
15 1,500,000 1,491,051 0.2% 300 294
16 1,387,500 1,379,222 0.2% 300 294
17 1,125,000 1,118,288 0.1% 300 294
18 787,500 782,802 0.1% 300 294
19 637,500 633,697 0.1% 300 294
20 34,000,000 33,946,529 4.0% 300 299
21 7,180,000 7,167,328 0.9% 360 358
22 6,880,000 6,867,858 0.8% 360 358
23 5,880,000 5,869,623 0.7% 360 358
24 5,860,000 5,849,658 0.7% 360 358
25 2,200,000 2,196,117 0.3% 360 358
26 18,250,000 18,218,954 2.2% 360 358
27 18,000,000 17,978,284 2.1% 360 359
28 17,400,000 17,339,084 2.1% 360 355
29 16,100,000 16,051,053 1.9% 360 355
30 7,500,000 7,479,928 0.9% 300 298
31 7,300,000 7,280,463 0.9% 300 298
32 13,300,000 13,263,359 1.6% 360 356
33 1,500,000 1,477,531 0.2% 156 152
34 3,450,000 3,440,377 0.4% 360 356
35 3,410,000 3,400,488 0.4% 360 356
36 2,750,000 2,742,329 0.3% 360 356
37 2,750,000 2,742,329 0.3% 360 356
38 1,830,000 1,824,895 0.2% 360 356
39 13,200,000 13,184,033 1.6% 360 359
40 13,000,000 12,973,451 1.5% 360 357
41 7,600,000 7,586,457 0.9% 360 358
42 5,200,000 5,190,734 0.6% 360 358
43 11,400,000 11,341,188 1.4% 300 295
44 11,300,000 11,274,478 1.3% 360 357
45 3,350,000 3,334,572 0.4% 240 237
46 2,100,000 2,090,328 0.2% 240 237
47 1,650,000 1,642,401 0.2% 240 237
48 1,650,000 1,642,401 0.2% 240 237
49 970,000 965,533 0.1% 240 237
<PAGE>
50 650,000 647,006 0.1% 240 237
51 10,000,000 9,988,136 1.2% 300 299
52 10,000,000 9,977,096 1.2% 360 357
53 10,000,000 9,975,993 1.2% 300 298
54 9,750,000 9,705,557 1.2% 300 295
55 9,360,000 9,339,649 1.1% 360 357
56 9,000,000 8,987,509 1.1% 360 358
57 8,750,000 8,739,535 1.0% 360 359
58 8,400,000 8,382,670 1.0% 360 357
59 8,000,000 7,987,281 1.0% 360 358
60 7,920,000 7,896,817 0.9% 360 356
61 7,900,000 7,883,369 0.9% 360 357
62 7,850,000 7,823,899 0.9% 360 355
63 7,600,000 7,586,522 0.9% 360 358
64 $7,500,000 $7,491,030 0.9% 360 359
65 7,500,000 7,482,356 0.9% 300 298
66 7,500,000 7,476,221 0.9% 300 297
67 7,250,000 7,224,844 0.9% 300 297
68 7,100,000 7,079,914 0.8% 360 356
69 7,000,000 6,978,933 0.8% 324 321
70 6,900,000 6,877,403 0.8% 300 297
71 6,480,000 6,468,853 0.8% 360 358
72 6,000,000 5,990,825 0.7% 300 299
73 5,900,000 5,882,185 0.7% 360 355
74 5,650,000 5,638,966 0.7% 360 357
75 5,570,000 5,557,546 0.7% 360 357
76 5,200,000 5,191,154 0.6% 360 358
77 5,170,000 5,157,582 0.6% 360 355
78 5,110,000 5,089,022 0.6% 360 354
79 5,100,000 5,087,488 0.6% 300 298
80 5,025,000 5,009,336 0.6% 360 355
81 5,000,000 4,993,061 0.6% 360 358
82 5,000,000 4,991,453 0.6% 360 358
83 4,985,000 4,973,854 0.6% 360 357
84 5,000,000 4,959,525 0.6% 216 212
85 4,800,000 4,790,197 0.6% 360 357
86 4,600,000 4,590,019 0.5% 360 357
87 4,400,000 4,387,331 0.5% 360 356
88 4,300,000 4,294,977 0.5% 360 359
89 4,300,000 4,284,628 0.5% 360 355
90 4,250,000 4,235,811 0.5% 324 320
91 4,200,000 4,187,000 0.5% 360 356
92 4,100,000 4,086,934 0.5% 360 355
93 4,050,000 4,028,322 0.5% 240 237
94 3,835,000 3,823,417 0.5% 360 356
95 3,800,000 3,793,970 0.5% 360 358
96 3,800,000 3,789,211 0.5% 360 356
97 3,800,000 3,787,272 0.5% 360 355
98 3,800,000 3,784,662 0.5% 360 354
99 3,790,000 3,781,526 0.5% 360 357
100 3,750,000 3,739,241 0.4% 360 356
101 3,740,000 3,728,703 0.4% 360 356
102 3,650,000 3,634,487 0.4% 360 354
<PAGE>
103 3,500,000 3,492,436 0.4% 360 357
104 3,280,000 3,270,851 0.4% 360 356
105 3,235,000 3,223,550 0.4% 360 355
106 3,200,000 3,191,074 0.4% 360 356
107 3,200,000 3,189,605 0.4% 300 297
108 3,150,000 3,144,624 0.4% 360 358
109 3,150,000 3,139,728 0.4% 360 355
110 3,125,000 3,115,214 0.4% 360 355
111 3,080,000 3,068,204 0.4% 360 354
112 3,000,000 2,995,195 0.4% 360 358
113 3,000,000 2,983,679 0.4% 300 295
114 2,950,000 2,939,927 0.4% 300 297
115 2,900,000 2,890,437 0.3% 360 355
116 2,900,000 2,889,908 0.3% 252 250
117 2,850,000 2,843,433 0.3% 360 357
118 2,800,000 2,792,828 0.3% 360 356
119 1,610,000 1,603,376 0.2% 300 296
120 1,090,000 1,085,515 0.1% 300 296
121 2,600,000 2,592,037 0.3% 360 356
122 2,550,000 2,531,065 0.3% 300 293
123 2,525,000 2,518,042 0.3% 360 356
124 2,500,000 2,493,800 0.3% 300 298
125 2,500,000 2,490,876 0.3% 300 297
126 2,500,000 2,483,249 0.3% 240 236
127 $2,465,000 $2,454,422 0.3% 300 296
128 2,350,000 2,342,218 0.3% 300 297
129 2,320,000 2,314,750 0.3% 360 357
130 2,300,000 2,292,234 0.3% 300 297
131 2,290,000 2,283,612 0.3% 360 356
132 2,100,000 2,096,318 0.2% 360 358
133 2,100,000 2,095,286 0.2% 360 357
134 2,075,000 2,071,134 0.2% 360 357
135 2,050,000 2,042,910 0.2% 360 354
136 2,050,000 2,042,133 0.2% 360 353
137 2,000,000 1,995,501 0.2% 360 357
138 2,000,000 1,992,538 0.2% 240 238
139 2,000,000 1,992,432 0.2% 240 238
140 2,000,000 1,986,343 0.2% 240 236
141 1,960,000 1,955,119 0.2% 300 298
142 1,950,000 1,943,583 0.2% 300 297
143 1,900,000 1,896,571 0.2% 360 358
144 1,900,000 1,892,296 0.2% 300 296
145 1,890,000 1,887,770 0.2% 360 359
146 1,780,000 1,777,900 0.2% 360 359
147 1,780,000 1,775,271 0.2% 360 356
148 1,760,000 1,754,320 0.2% 300 297
149 1,700,000 1,696,083 0.2% 360 357
150 1,525,000 1,520,873 0.2% 360 356
151 1,500,000 1,496,899 0.2% 360 357
152 1,500,000 1,496,758 0.2% 360 357
153 1,500,000 1,496,585 0.2% 360 357
154 1,500,000 1,495,688 0.2% 360 356
155 1,510,000 1,494,732 0.2% 240 234
<PAGE>
156 1,500,000 1,482,588 0.2% 180 176
157 1,465,000 1,459,757 0.2% 240 238
158 1,440,000 1,436,008 0.2% 360 356
159 1,375,000 1,370,133 0.2% 360 355
160 1,350,000 1,330,993 0.2% 180 175
161 1,300,000 1,297,728 0.2% 360 358
162 1,300,000 1,292,143 0.2% 300 294
163 1,200,000 1,196,524 0.1% 360 355
164 1,087,000 1,083,214 0.1% 360 355
165 1,050,000 1,044,303 0.1% 300 294
166 700,000 698,338 0.1% 300 298
167 640,000 639,252 0.1% 360 359
168 512,000 507,458 0.1% 240 234
$841,060,250 $838,796,331 100.0% 339 336
=========================================================
</TABLE>
(1A) The Mortgage Loans secured by the 18 Stone Container industrial
properties, respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Willow Creek Apartments (Foster Portfolio),
Lake Park Apartments, Plaza South Apartments, Farmwood Apartments, and
Colony Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Pebble Creek Apartments and Homestead
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by Shops at Lyndale Phase II and Shops at
Lyndale Phase II - TIF, respectively, are cross-collateralized and
cross-defaulted.
(1E) The Mortgage Loans secured by Walgreens - Kirkland, Walgreens Retail
Pharmacy Store - San Francisco, Walgreens Retail Pharmacy Store -
Charleston/Torrey, Walgreens Retail Pharmacy Store - Las Vegas Boulevard,
and Walgreens/Pharmacy Store - Paradise, respectively, are
cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Two Greenville Crossing and One Greenville
Crossing, respectively, are cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by Curry Honda Automobile Dealership, Curry
Chevrolet Automobile Dealership, Curry Acura Automobile Dealership, Curry
Ford/Subaru Automobile Dealership, Curry Mitsubishi Automobile Dealership,
and Curry Office Building, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by 4646 Bronze Way and 4647 Bronze Way,
respectively, are cross-collateralized and cross-defaulted.
(2) The Appraised Value for the Showboat Hotel & Casino, Atlantic City and the
aggregate Appraised Value of all the Mortgaged Properties set forth above
reflects, and the Cut-off Date LTV Ratio of the Showboat Loan and the
weighted average Cut-off Date LTV Ratio of the Mortgage Pool set forth
above is based upon, the unencumbered fee simple value of the Showboat
Hotel & Casino, Atlantic City under a foreclosure scenario, assuming that
such property is free and clear of the Showboat Ground Lease. The
estimated value (based upon an income capitalization approach) of the
property securing the Showboat Loan, taking into account the Showboat
Ground Lease, is approximately $110 million. Based upon such value, the
aggregate appraised value of all the Mortgaged Properties would be
$1,175,628,000, the Cut-off Date LTV Ratio of the Showboat Loan would be
90.8% and the weighted average Cut-off Date LTV Ratio of the Mortgage Pool
would be 73.4%.
(3) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest and
Viking Conference Center, Holdiay Inn Express Hotel, AMC Theater Complex,
and the Comfort Inn - Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the Mortgage
Pool - General" in the Prospectus Supplement.
<PAGE>
<TABLE>
<CAPTION>
Original Remaining
Term to Term to
Stated Stated Mort- First
Maturity Maturity Day Monthly gage Payment Maturity
(months)(3) (months)(3) Count Payment Rate Date Date(3)
<S> <C> <C> <C> <C> <C> <C> <C>
1 120 119 Actual/360 $671,358 7.09% 3/1/98 2/1/08
2 120 114 30/360 36,084 8.45% 10/1/97 8/31/07
3 120 114 30/360 34,881 8.45% 10/1/97 8/31/07
4 120 114 30/360 33,979 8.45% 10/1/97 8/31/07
5 120 114 30/360 30,972 8.45% 10/1/97 8/31/07
6 120 114 30/360 28,266 8.45% 10/1/97 8/31/07
7 120 114 30/360 24,206 8.45% 10/1/97 8/31/07
8 120 114 30/360 22,853 8.45% 10/1/97 8/31/07
9 120 114 30/360 18,944 8.45% 10/1/97 8/31/07
10 120 114 30/360 14,133 8.45% 10/1/97 8/31/07
11 120 114 30/360 13,832 8.45% 10/1/97 8/31/07
12 120 114 30/360 12,148 8.45% 10/1/97 8/31/07
13 120 114 30/360 12,028 8.45% 10/1/97 8/31/07
14 120 114 30/360 12,028 8.45% 10/1/97 8/31/07
15 120 114 30/360 12,028 8.45% 10/1/97 8/31/07
16 120 114 30/360 11,126 8.45% 10/1/97 8/31/07
17 120 114 30/360 9,021 8.45% 10/1/97 8/31/07
18 120 114 30/360 6,315 8.45% 10/1/97 8/31/07
19 120 114 30/360 5,112 8.45% 10/1/97 8/31/07
20 120 119 Actual/360 248,499 7.37% 3/1/98 2/1/08
21 120 118 Actual/360 48,980 7.25% 2/1/98 1/1/08
22 120 118 Actual/360 46,934 7.25% 2/1/98 1/1/08
23 120 118 Actual/360 40,112 7.25% 2/1/98 1/1/08
24 120 118 Actual/360 39,976 7.25% 2/1/98 1/1/08
25 120 118 Actual/360 15,008 7.25% 2/1/98 1/1/08
26 144 142 Actual/360 127,357 7.48% 2/1/98 1/1/10
27 120 119 Actual/360 119,996 7.02% 3/1/98 2/1/08
28 120 115 Actual/360 122,260 7.55% 11/1/97 10/1/07
29 120 115 Actual/360 120,163 8.18% 11/1/97 10/1/07
30 120 118 Actual/360 52,913 6.98% 2/1/98 1/1/08
31 120 118 Actual/360 51,502 6.98% 2/1/98 1/1/08
32 240 236 30/360 96,850 7.92% 12/1/97 11/1/17
33 156 152 30/360 15,362 7.84% 12/1/97 11/1/10
34 240 236 Actual/360 24,955 7.85% 12/1/97 11/1/17
35 240 236 Actual/360 24,666 7.85% 12/1/97 11/1/17
36 240 236 Actual/360 19,892 7.85% 12/1/97 11/1/17
37 240 236 Actual/360 19,892 7.85% 12/1/97 11/1/17
38 240 236 Actual/360 13,237 7.85% 12/1/97 11/1/17
39 120 119 Actual/360 87,731 6.99% 3/1/98 2/1/08
40 120 117 Actual/360 94,937 7.95% 1/1/98 12/1/07
41 120 118 Actual/360 51,536 7.19% 2/1/98 1/1/08
42 120 118 Actual/360 35,262 7.19% 2/1/98 1/1/08
43 240 235 30/360 89,503 8.20% 11/1/97 10/1/17
44 120 117 Actual/360 78,625 7.45% 1/1/98 12/1/07
45 120 117 Actual/360 29,818 8.85% 1/1/98 12/1/07
46 120 117 Actual/360 18,692 8.85% 1/1/98 12/1/07
47 120 117 Actual/360 14,687 8.85% 1/1/98 12/1/07
48 120 117 Actual/360 14,687 8.85% 1/1/98 12/1/07
49 120 117 Actual/360 8,634 8.85% 1/1/98 12/1/07
<PAGE>
50 120 117 Actual/360 5,786 8.85% 1/1/98 12/1/07
51 120 119 30/360 72,281 7.25% 3/1/98 2/1/08
52 120 117 Actual/360 69,102 7.38% 1/1/98 12/1/07
53 120 118 Actual/360 75,730 7.78% 2/1/98 1/1/08
54 120 115 Actual/360 79,366 8.63% 11/1/97 10/1/07
55 120 117 Actual/360 66,346 7.64% 1/1/98 12/1/07
56 120 118 30/360 65,100 7.85% 2/1/98 1/1/08
57 120 119 Actual/360 58,921 7.12% 3/1/98 2/1/08
58 144 141 Actual/360 61,052 7.90% 1/1/98 12/1/09
59 120 118 30/360 54,141 7.17% 2/1/98 1/1/08
60 120 116 Actual/360 55,976 7.61% 12/1/97 11/1/07
61 120 117 Actual/360 56,870 7.80% 1/1/98 12/1/07
62 120 115 Actual/360 56,417 7.78% 11/1/97 10/1/07
63 120 118 Actual/360 51,691 7.22% 2/1/98 1/1/08
64 120 119 Actual/360 50,504 7.12% 3/1/98 2/1/08
65 180 178 Actual/360 57,539 7.93% 2/1/98 1/1/13
66 120 117 Actual/360 57,886 8.00% 1/1/98 12/1/07
67 120 117 Actual/360 53,294 7.44% 1/1/98 12/1/07
68 120 116 Actual/360 51,013 7.78% 12/1/97 11/1/07
69 120 117 Actual/360 49,340 7.26% 1/1/98 12/1/07
70 180 177 Actual/360 52,344 7.80% 1/1/98 12/1/12
71 120 118 Actual/360 44,910 7.41% 2/1/98 1/1/08
72 120 119 Actual/360 45,202 7.72% 3/1/98 2/1/08
73 120 115 Actual/360 44,159 8.21% 11/1/97 10/1/07
74 120 117 Actual/360 42,129 8.17% 1/1/98 12/1/07
75 84 81 30/360 38,984 7.51% 1/1/98 12/1/04
76 120 118 Actual/360 36,288 7.48% 2/1/98 1/1/08
77 115 110 Actual/360 42,270 9.18% 11/1/97 5/1/07
78 120 114 Actual/360 36,503 7.72% 10/1/97 9/1/07
79 180 178 Actual/360 38,088 7.62% 2/1/98 1/1/13
80 120 115 Actual/360 37,117 8.07% 11/1/97 10/1/07
81 120 118 30/360 36,167 7.85% 2/1/98 1/1/08
82 120 118 Actual/360 34,790 7.45% 2/1/98 1/1/08
83 84 81 Actual/360 34,890 7.51% 1/1/98 12/1/04
84 180 176 Actual/360 44,813 8.35% 12/1/97 11/1/12
85 240 237 Actual/360 35,054 7.95% 1/1/98 12/1/17
86 120 117 Actual/360 32,638 7.65% 1/1/98 12/1/07
87 120 116 30/360 31,370 7.70% 12/1/97 11/1/07
88 84 83 Actual/360 29,772 7.40% 3/1/98 2/1/05
89 120 115 30/360 30,806 7.75% 11/1/97 10/1/07
90 120 116 Actual/360 32,983 8.32% 12/1/97 11/1/07
91 120 116 Actual/360 28,880 7.33% 12/1/97 11/1/07
92 120 115 30/360 31,004 8.32% 11/1/97 10/1/07
93 180 177 30/360 32,999 7.65% 1/1/98 12/1/12
94 240 236 30/360 26,710 7.46% 12/1/97 11/1/17
95 120 118 Actual/360 27,671 7.92% 2/1/98 1/1/08
96 120 116 30/360 27,276 7.77% 12/1/97 11/1/07
97 120 115 Actual/360 27,224 7.75% 11/1/97 10/1/07
98 120 114 30/360 28,069 8.07% 10/1/97 9/1/07
99 84 81 30/360 26,526 7.51% 1/1/98 12/1/04
100 120 116 Actual/360 26,762 7.71% 12/1/97 11/1/07
101 240 236 Actual/360 26,048 7.46% 12/1/97 11/1/17
102 120 114 Actual/360 25,671 7.56% 10/1/97 9/1/07
<PAGE>
103 120 117 Actual/360 24,881 7.67% 1/1/98 12/1/07
104 240 236 Actual/360 23,725 7.85% 12/1/97 11/1/17
105 120 115 Actual/360 22,620 7.50% 11/1/97 10/1/07
106 240 236 Actual/360 23,147 7.85% 12/1/97 11/1/17
107 120 117 Actual/360 24,381 7.85% 1/1/98 12/1/07
108 120 118 Actual/360 21,939 7.46% 2/1/98 1/1/08
109 240 235 Actual/360 22,829 7.87% 11/1/97 10/1/17
110 120 115 Actual/360 23,039 8.05% 11/1/97 10/1/07
111 120 114 30/360 23,312 8.33% 10/1/97 9/1/07
112 120 118 Actual/360 21,721 7.86% 2/1/98 1/1/08
113 120 115 30/360 22,897 7.87% 11/1/97 10/1/07
114 120 117 Actual/360 21,877 7.54% 1/1/98 12/1/07
115 120 115 Actual/360 20,916 7.82% 11/1/97 10/1/07
116 240 238 Actual/360 22,976 7.55% 2/1/98 1/1/18
117 120 117 Actual/360 19,636 7.35% 1/1/98 12/1/07
118 120 116 Actual/360 21,095 8.28% 12/1/97 11/1/07
119 120 116 Actual/360 12,630 8.19% 12/1/97 11/1/07
120 120 116 Actual/360 8,550 8.19% 12/1/97 11/1/07
121 120 116 30/360 17,984 7.39% 12/1/97 11/1/07
122 120 113 30/360 19,800 8.07% 9/1/97 8/1/07
123 120 116 Actual/360 18,369 7.91% 12/1/97 11/1/07
124 120 118 Actual/360 18,540 7.54% 2/1/98 1/1/08
125 120 117 30/360 17,877 7.13% 1/1/98 12/1/07
126 240 236 30/360 21,208 8.19% 12/1/97 11/1/17
127 120 116 Actual/360 $18,911 7.93% 12/1/97 11/1/07
128 120 117 30/360 17,735 7.74% 1/1/98 12/1/07
129 120 117 Actual/360 16,127 7.44% 1/1/98 12/1/07
130 84 81 Actual/360 17,162 7.61% 1/1/98 12/1/04
131 240 236 Actual/360 16,564 7.85% 12/1/97 11/1/17
132 120 118 Actual/360 14,383 7.29% 2/1/98 1/1/98
133 120 117 30/360 14,669 7.49% 1/1/98 12/1/07
134 120 117 Actual/360 15,808 8.40% 1/1/98 12/1/07
135 120 114 30/360 16,245 8.83% 10/1/97 9/1/07
136 84 77 Actual/360 15,763 8.50% 9/1/97 8/1/04
137 120 117 Actual/360 13,943 7.47% 1/1/98 12/1/07
138 120 118 Actual/360 16,407 7.74% 2/1/98 1/1/08
139 240 238 Actual/360 16,247 7.61% 2/1/98 1/1/18
140 120 116 Actual/360 16,766 8.03% 12/1/97 11/1/07
141 120 118 Actual/360 14,497 7.51% 2/1/98 1/1/08
142 180 177 Actual/360 14,755 7.77% 1/1/98 12/1/12
143 120 118 Actual/360 12,781 7.11% 2/1/98 1/1/08
144 120 116 Actual/360 15,019 8.28% 12/1/97 11/1/07
145 84 83 Actual/360 12,932 7.28% 3/1/98 2/1/05
146 84 83 Actual/360 12,179 7.28% 3/1/98 2/1/05
147 120 116 30/360 13,185 8.10% 12/1/97 11/1/07
148 120 117 30/360 13,468 7.90% 1/1/98 12/1/07
149 120 117 Actual/360 11,713 7.35% 1/1/98 12/1/07
150 120 116 Actual/360 11,190 8.00% 12/1/97 11/1/07
151 120 117 Actual/360 10,892 7.89% 1/1/98 12/1/07
152 120 117 Actual/360 10,663 7.67% 1/1/98 12/1/07
153 120 117 30/360 10,406 7.42% 1/1/98 12/1/07
154 120 116 Actual/360 10,694 7.70% 12/1/97 11/1/07
155 240 234 Actual/360 12,640 8.01% 10/1/97 9/1/17
<PAGE>
156 180 176 Actual/360 14,387 8.06% 12/1/97 11/1/12
157 240 238 30/360 11,892 7.60% 2/1/98 1/1/18
158 120 116 Actual/360 10,446 7.88% 12/1/97 11/1/07
159 120 115 Actual/360 9,614 7.50% 11/1/97 10/1/07
160 180 175 30/360 13,254 8.45% 11/1/97 10/1/12
161 120 118 Actual/360 8,921 7.31% 2/1/98 1/1/08
162 120 114 30/360 10,354 8.37% 10/1/97 9/1/07
163 120 115 Actual/360 9,134 8.39% 11/1/97 10/1/07
164 120 115 30/360 7,885 7.88% 11/1/97 10/1/07
165 180 174 Actual/360 8,633 8.75% 10/1/97 9/1/12
166 120 118 Actual/360 5,338 7.86% 2/1/98 1/1/08
167 84 83 Actual/360 4,431 7.40% 3/1/98 2/1/05
168 120 114 30/360 4,689 9.25% 10/1/97 9/1/07
133 130 $6,095,112 7.64%
==================================================================================
</TABLE>
(1A) The Mortgage Loans secured by the 18 Stone Container industrial
properties, respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Willow Creek Apartments (Foster Portfolio),
Lake Park Apartments, Plaza South Apartments, Farmwood Apartments, and
Colony Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Pebble Creek Apartments and Homestead
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by Shops at Lyndale Phase II and Shops at
Lyndale Phase II - TIF, respectively, are cross-collateralized and
cross-defaulted.
(1E) The Mortgage Loans secured by Walgreens - Kirkland, Walgreens Retail
Pharmacy Store - San Francisco, Walgreens Retail Pharmacy Store -
Charleston/Torrey, Walgreens Retail Pharmacy Store - Las Vegas Boulevard,
and Walgreens/Pharmacy Store - Paradise, respectively, are
cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Two Greenville Crossing and One Greenville
Crossing, respectively, are cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by Curry Honda Automobile Dealership, Curry
Chevrolet Automobile Dealership, Curry Acura Automobile Dealership, Curry
Ford/Subaru Automobile Dealership, Curry Mitsubishi Automobile Dealership,
and Curry Office Building, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by 4646 Bronze Way and 4647 Bronze Way,
respectively, are cross-collateralized and cross-defaulted.
(2) The Appraised Value for the Showboat Hotel & Casino, Atlantic City and the
aggregate Appraised Value of all the Mortgaged Properties set forth above
reflects, and the Cut-off Date LTV Ratio of the Showboat Loan and the
weighted average Cut-off Date LTV Ratio of the Mortgage Pool set forth
above is based upon, the unencumbered fee simple value of the Showboat
Hotel & Casino, Atlantic City under a foreclosure scenario, assuming that
such property is free and clear of the Showboat Ground Lease. The
estimated value (based upon an income capitalization approach) of the
property securing the Showboat Loan, taking into account the Showboat
Ground Lease, is approximately $110 million. Based upon such value, the
aggregate appraised value of all the Mortgaged Properties would be
$1,175,628,000, the Cut-off Date LTV Ratio of the Showboat Loan would be
90.8% and the weighted average Cut-off Date LTV Ratio of the Mortgage Pool
would be 73.4%.
(3) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest and
Viking Conference Center, Holdiay Inn Express Hotel, AMC Theater Complex,
and the Comfort Inn - Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the Mortgage
Pool - General" in the Prospectus Supplement.
<PAGE>
<TABLE>
<CAPTION>
Contractual U/W U/W
Engineering Recurring Recurring LC&TI
Reserve at Replacement Replacement Per
# Origination Reserve Reserve Sq. Ft.
<S> <C> <C> <C> <C>
1 N/A N/A $0.00 N/A
2 148,673 N/A 0.20 N/A
3 N/A N/A 0.20 N/A
4 22,500 N/A 0.20 N/A
5 20,625 N/A 0.20 N/A
6 198,750 N/A 0.20 N/A
7 45,313 N/A 0.20 N/A
8 N/A N/A 0.20 N/A
9 262,500 N/A 0.20 N/A
10 N/A N/A 0.20 N/A
11 N/A N/A 0.20 N/A
12 N/A N/A 0.20 N/A
13 N/A N/A 0.20 N/A
14 357,813 N/A 0.20 N/A
15 97,188 N/A 0.20 N/A
16 60,625 N/A 0.20 N/A
17 118,500 N/A 0.20 N/A
18 N/A N/A 0.20 N/A
19 N/A N/A 0.20 N/A
20 42,500 N/A 5.0% N/A
21 20,500 250 250 N/A
22 34,629 250 250 N/A
23 14,125 250 250 N/A
24 10,813 250 250 N/A
25 57,465 250 250 N/A
26 17,500 N/A 0.15 0.34
27 N/A 0.15 0.15 1.06
28 10,000 250 250 N/A
29 27,913 0.15 0.15 1.73
30 N/A 200 250 N/A
31 6,250 250 300 N/A
32 N/A N/A 0.10 0.40
33 N/A N/A 0.00 N/A
34 N/A N/A 0.10 N/A
35 N/A N/A 0.10 N/A
36 N/A N/A 0.10 N/A
37 N/A N/A 0.10 N/A
38 N/A N/A 0.10 N/A
39 N/A N/A 50 N/A
40 18,750 N/A 0.15 1.05
41 1,250 N/A 0.30 1.51
42 1,875 N/A 0.09 0.88
43 23,750 N/A 0.12 0.23
44 10,000 0.20 0.18 0.70
45 394,533 0.29 0.15 0.71
46 255,322 0.29 0.15 0.71
47 115,519 0.29 0.15 0.71
48 221,571 0.29 0.15 0.72
49 126,895 0.29 0.15 0.71
<PAGE>
50 114,161 0.29 0.00 0.71
51 N/A 0.16 0.16 1.12
52 N/A N/A 0.15 2.45
53 N/A N/A 5.0% N/A
54 37,742 4.0% 4.0% N/A
55 N/A 0.12 0.10 0.29
56 12,188 N/A 0.15 1.15
57 15,250 N/A 0.15 3.44
58 N/A N/A 0.10 0.27
59 N/A 250 250 N/A
60 N/A N/A 0.10 0.62
61 3,688 N/A 0.15 1.00
62 N/A 0.15 0.15 0.55
63 22,250 0.15 0.15 0.32
64 5,500 0.15 0.18 0.37
65 27,500 N/A 0.17 0.42
66 27,450 4.0% 4.0% N/A
67 N/A 200 300 N/A
68 87,500 N/A 0.35 1.34
69 N/A N/A 0.14 N/A
70 17,000 N/A 0.13 0.92
71 44,063 N/A 0.20 1.23
72 18,650 4.0% 4.0% N/A
73 16,500 0.10 0.10 0.71
74 1,250 N/A 0.21 1.19
75 6,250 250 250 N/A
76 N/A N/A 0.15 0.79
77 6,125 0.15 0.16 0.28
78 87,500 250 250 N/A
79 N/A N/A 0.10 N/A
80 6,000 N/A 0.15 0.89
81 N/A N/A 0.15 1.07
82 N/A 0.20 0.20 0.45
83 N/A 250 250 N/A
84 N/A N/A 0.05 N/A
85 N/A N/A 0.10 N/A
86 N/A N/A 0.15 0.60
87 N/A N/A 0.10 1.31
88 13,750 250 250 N/A
89 13,625 50 50 N/A
90 N/A N/A 0.10 1.15
91 4,531 200 250 N/A
92 303,000 N/A 0.10 1.13
93 N/A N/A 0.15 0.72
94 N/A N/A 50 N/A
95 28,650 0.15 0.15 0.24
96 1,313 N/A 0.15 1.36
97 340,000 250 250 N/A
98 1,375 0.15 0.15 1.22
99 1,875 250 250 N/A
100 48,625 N/A 0.23 1.95
101 N/A N/A 50 N/A
102 53,250 250 250 N/A
<PAGE>
103 21,063 250 250 N/A
104 N/A N/A 0.10 N/A
105 89,000 250 250 N/A
106 N/A N/A 0.10 N/A
107 3,031 N/A 0.15 0.76
108 3,500 300 300 N/A
109 N/A N/A 0.15 1.16
110 28,508 0.15 0.15 0.61
111 61,500 N/A 0.15 0.44
112 N/A N/A 0.25 1.37
113 19,178 N/A 0.15 0.92
114 N/A 250 250 N/A
115 10,625 250 250 N/A
116 N/A N/A 0.10 N/A
117 6,250 250 352 N/A
118 N/A N/A 0.21 1.62
119 131,188 N/A 0.15 0.24
120 9,750 N/A 0.28 0.24
121 63,813 250 272 N/A
122 11,250 250 250 N/A
123 N/A 0.15 0.15 0.25
124 105,023 N/A 0.23 0.62
125 55,675 250 250 N/A
126 N/A N/A 0.23 0.58
127 N/A N/A 0.15 N/A
128 N/A 0.14 0.23 0.96
129 18,325 250 257 N/A
130 10,000 0.25 0.25 N/A
131 N/A N/A 0.10 N/A
132 19,875 255 255 N/A
133 2,750 250 250 N/A
134 N/A 0.33 0.33 1.13
135 N/A 0.20 0.17 1.33
136 48,125 250 250 N/A
137 2,500 250 250 N/A
138 24,063 250 300 N/A
139 3,438 N/A 0.15 N/A
140 37,188 N/A 0.22 0.41
141 56,875 0.32 0.32 0.80
142 N/A N/A 0.36 0.95
143 8,438 250 250 N/A
144 1,500 N/A 0.28 0.78
145 21,438 250 250 N/A
146 32,438 250 250 N/A
147 N/A 0.20 0.20 1.02
148 N/A 250 250 N/A
149 16,250 250 250 N/A
150 8,000 N/A 0.18 0.98
151 4,750 N/A 0.15 0.97
152 1,125 N/A 0.22 1.50
153 N/A 35 50 N/A
154 9,775 N/A 0.21 0.20
155 39,750 250 267 N/A
<PAGE>
156 9,625 250 300 N/A
157 N/A N/A 0.15 N/A
158 133,750 250 250 N/A
159 77,125 250 250 N/A
160 8,475 N/A 0.00 N/A
161 98,750 250 250 N/A
162 N/A N/A 0.12 0.95
163 100,560 275 300 N/A
164 126,625 250 250 N/A
165 18,569 N/A 0.17 0.73
166 352,625 0.15 0.15 N/A
167 154,313 250 250 N/A
168 12,850 N/A 0.15 1.29
$6,189,428
==========
</TABLE>
(1A) The Mortgage Loans secured by the 18 Stone Container industrial
properties, respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Willow Creek Apartments (Foster Portfolio),
Lake Park Apartments, Plaza South Apartments, Farmwood Apartments, and
Colony Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Pebble Creek Apartments and Homestead
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by Shops at Lyndale Phase II and Shops at
Lyndale Phase II - TIF, respectively, are cross-collateralized and
cross-defaulted.
(1E) The Mortgage Loans secured by Walgreens - Kirkland, Walgreens Retail
Pharmacy Store - San Francisco, Walgreens Retail Pharmacy Store -
Charleston/Torrey, Walgreens Retail Pharmacy Store - Las Vegas Boulevard,
and Walgreens/Pharmacy Store - Paradise, respectively, are
cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Two Greenville Crossing and One Greenville
Crossing, respectively, are cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by Curry Honda Automobile Dealership, Curry
Chevrolet Automobile Dealership, Curry Acura Automobile Dealership, Curry
Ford/Subaru Automobile Dealership, Curry Mitsubishi Automobile Dealership,
and Curry Office Building, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by 4646 Bronze Way and 4647 Bronze Way,
respectively, are cross-collateralized and cross-defaulted.
(2) The Appraised Value for the Showboat Hotel & Casino, Atlantic City and the
aggregate Appraised Value of all the Mortgaged Properties set forth above
reflects, and the Cut-off Date LTV Ratio of the Showboat Loan and the
weighted average Cut-off Date LTV Ratio of the Mortgage Pool set forth
above is based upon, the unencumbered fee simple value of the Showboat
Hotel & Casino, Atlantic City under a foreclosure scenario, assuming that
such property is free and clear of the Showboat Ground Lease. The
estimated value (based upon an income capitalization approach) of the
property securing the Showboat Loan, taking into account the Showboat
Ground Lease, is approximately $110 million. Based upon such value, the
aggregate appraised value of all the Mortgaged Properties would be
$1,175,628,000, the Cut-off Date LTV Ratio of the Showboat Loan would be
90.8% and the weighted average Cut-off Date LTV Ratio of the Mortgage Pool
would be 73.4%.
(3) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest and
Viking Conference Center, Holdiay Inn Express Hotel, AMC Theater Complex,
and the Comfort Inn - Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the Mortgage
Pool - General" in the Prospectus Supplement.
<PAGE>
<TABLE>
<CAPTION>
Remaining Yield Prepayment
Lockout Maintenance Premium
Seasoning Period Period Period
# (months) (months)(3) (months)(3) (months)(3)
<S> <C> <C> <C> <C>
1 1 119 0 0
2 6 30 78 0
3 6 30 78 0
4 6 30 78 0
5 6 30 78 0
6 6 30 78 0
7 6 30 78 0
8 6 30 78 0
9 6 30 78 0
10 6 30 78 0
11 6 30 78 0
12 6 30 78 0
13 6 30 78 0
14 6 30 78 0
15 6 30 78 0
16 6 30 78 0
17 6 30 78 0
18 6 30 78 0
19 6 30 78 0
20 1 113 0 0
21 2 112 0 0
22 2 112 0 0
23 2 112 0 0
24 2 112 0 0
25 2 112 0 0
26 2 58 54 0
27 1 113 0 0
28 5 115 0 0
29 5 109 0 0
30 2 112 0 0
31 2 112 0 0
32 4 200 0 0
33 4 146 0 0
34 4 199 0 0
35 4 199 0 0
36 4 199 0 0
37 4 199 0 0
38 4 199 0 0
39 1 113 0 0
40 3 111 0 0
41 2 111 0 0
42 2 111 0 0
43 5 229 0 0
44 3 111 0 0
45 3 110 0 0
46 3 110 0 0
47 3 110 0 0
48 3 110 0 0
49 3 110 0 0
<PAGE>
50 3 110 0 0
51 1 112 0 0
52 3 111 0 0
53 2 112 0 0
54 5 55 54 0
55 3 111 0 0
56 2 58 53 0
57 1 113 0 0
58 3 135 0 0
59 2 112 0 0
60 4 110 0 0
61 3 57 54 0
62 5 109 0 0
63 2 112 0 0
64 1 59 0 0
65 2 82 60 0
66 3 111 0 0
67 3 45 66 0
68 4 110 0 0
69 3 110 0 0
70 3 171 0 0
71 2 112 0 0
72 1 59 54 0
73 5 109 0 0
74 3 57 54 0
75 3 45 30 0
76 2 112 0 0
77 5 50 54 0
78 6 54 54 0
79 2 82 60 0
80 5 55 54 0
81 2 58 54 0
82 2 112 0 0
83 3 45 30 0
84 4 68 72 0
85 3 231 0 0
86 3 111 0 0
87 4 116 0 0
88 1 59 0 0
89 5 109 0 0
90 4 110 0 0
91 4 110 0 0
92 5 55 54 0
93 3 81 60 0
94 4 176 0 0
95 2 112 0 0
96 4 56 54 0
97 5 55 54 0
98 6 54 54 0
99 3 45 30 0
100 4 56 54 0
101 4 176 0 0
102 6 108 0 0
<PAGE>
103 3 111 0 0
104 4 200 0 0
105 5 55 54 0
106 4 200 0 0
107 3 57 54 0
108 2 58 54 0
109 5 229 0 0
110 5 55 54 0
111 6 54 54 0
112 2 58 54 0
113 5 55 54 0
114 3 111 0 0
115 5 109 0 0
116 2 232 0 0
117 3 111 0 0
118 4 110 0 0
119 4 110 0 0
120 4 110 0 0
121 4 110 0 0
122 7 106 0 0
123 4 56 54 0
124 2 112 0 0
125 3 111 0 0
126 4 230 0 0
127 4 110 0 0
128 3 57 54 0
129 3 111 0 0
130 3 75 0 0
131 4 200 0 0
132 2 112 0 0
133 3 57 48 0
134 3 111 0 0
135 6 54 54 0
136 7 5 24 24
137 3 111 0 0
138 2 112 0 0
139 2 232 0 0
140 4 110 0 0
141 2 112 0 0
142 3 171 0 0
143 2 112 0 0
144 4 110 0 0
145 1 59 0 0
146 1 59 0 0
147 4 110 0 0
148 3 110 0 0
149 3 111 0 0
150 4 110 0 0
151 3 111 0 0
152 3 111 0 0
153 3 111 0 0
154 4 110 0 0
155 6 228 0 0
<PAGE>
156 4 170 0 0
157 2 232 0 0
158 4 56 54 0
159 5 55 54 0
160 5 79 60 0
161 2 112 0 0
162 6 54 54 0
163 5 55 54 0
164 5 109 0 0
165 6 78 60 0
166 2 34 0 0
167 1 58 0 0
168 6 55 52 0
</TABLE>
(1A) The Mortgage Loans secured by the 18 Stone Container industrial
properties, respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Willow Creek Apartments (Foster Portfolio),
Lake Park Apartments, Plaza South Apartments, Farmwood Apartments, and
Colony Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Pebble Creek Apartments and Homestead
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by Shops at Lyndale Phase II and Shops at
Lyndale Phase II - TIF, respectively, are cross-collateralized and
cross-defaulted.
(1E) The Mortgage Loans secured by Walgreens - Kirkland, Walgreens Retail
Pharmacy Store - San Francisco, Walgreens Retail Pharmacy Store -
Charleston/Torrey, Walgreens Retail Pharmacy Store - Las Vegas Boulevard,
and Walgreens/Pharmacy Store - Paradise, respectively, are
cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Two Greenville Crossing and One Greenville
Crossing, respectively, are cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by Curry Honda Automobile Dealership, Curry
Chevrolet Automobile Dealership, Curry Acura Automobile Dealership, Curry
Ford/Subaru Automobile Dealership, Curry Mitsubishi Automobile Dealership,
and Curry Office Building, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by 4646 Bronze Way and 4647 Bronze Way,
respectively, are cross-collateralized and cross-defaulted.
(2) The Appraised Value for the Showboat Hotel & Casino, Atlantic City and the
aggregate Appraised Value of all the Mortgaged Properties set forth above
reflects, and the Cut-off Date LTV Ratio of the Showboat Loan and the
weighted average Cut-off Date LTV Ratio of the Mortgage Pool set forth
above is based upon, the unencumbered fee simple value of the Showboat
Hotel & Casino, Atlantic City under a foreclosure scenario, assuming that
such property is free and clear of the Showboat Ground Lease. The
estimated value (based upon an income capitalization approach) of the
property securing the Showboat Loan, taking into account the Showboat
Ground Lease, is approximately $110 million. Based upon such value, the
aggregate appraised value of all the Mortgaged Properties would be
$1,175,628,000, the Cut-off Date LTV Ratio of the Showboat Loan would be
90.8% and the weighted average Cut-off Date LTV Ratio of the Mortgage Pool
would be 73.4%.
(3) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest and
Viking Conference Center, Holdiay Inn Express Hotel, AMC Theater Complex,
and the Comfort Inn - Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the Mortgage
Pool - General" in the Prospectus Supplement.
<PAGE>
<TABLE>
<CAPTION>
Remaining
Open Lockout
Period Expiration
# (months)(3) Date
<S> <C> <C>
1 0 2/1/08
2 6 9/1/00
3 6 9/1/00
4 6 9/1/00
5 6 9/1/00
6 6 9/1/00
7 6 9/1/00
8 6 9/1/00
9 6 9/1/00
10 6 9/1/00
11 6 9/1/00
12 6 9/1/00
13 6 9/1/00
14 6 9/1/00
15 6 9/1/00
16 6 9/1/00
17 6 9/1/00
18 6 9/1/00
19 6 9/1/00
20 6 8/1/07
21 6 6/1/07
22 6 6/1/07
23 6 6/1/07
24 6 6/1/07
25 6 6/1/07
26 30 12/1/02
27 6 8/1/07
28 0 9/1/07
29 6 3/1/07
30 6 6/1/07
31 6 6/1/07
32 36 11/1/14
33 6 5/1/10
34 37 9/1/14
35 37 9/1/14
36 37 9/1/14
37 37 9/1/14
38 37 9/1/14
39 6 8/1/07
40 6 6/1/07
41 7 6/1/07
42 7 6/1/07
43 6 3/1/17
44 6 6/1/07
45 7 5/1/07
46 7 5/1/07
47 7 5/1/07
48 7 5/1/07
49 7 5/1/07
<PAGE>
50 7 5/1/07
51 7 6/1/07
52 6 6/1/07
53 6 6/1/07
54 6 9/1/02
55 6 6/1/07
56 7 12/1/02
57 6 8/1/07
58 6 6/1/09
59 6 6/1/07
60 6 5/1/07
61 6 12/1/02
62 6 3/1/07
63 6 6/1/07
64 60 2/1/03
65 36 12/1/04
66 6 6/1/07
67 6 12/1/01
68 6 5/1/07
69 7 5/1/07
70 6 6/1/12
71 6 6/1/07
72 6 2/1/03
73 6 3/1/07
74 6 12/1/02
75 6 12/1/01
76 6 6/1/07
77 6 5/1/02
78 6 9/1/02
79 36 12/1/04
80 6 9/1/02
81 6 12/1/02
82 6 6/1/07
83 6 12/1/01
84 36 11/1/03
85 6 6/1/17
86 6 6/1/07
87 0 11/1/07
88 24 2/1/03
89 6 3/1/07
90 6 5/1/07
91 6 5/1/07
92 6 9/1/02
93 36 12/1/04
94 60 11/1/12
95 6 6/1/07
96 6 11/1/02
97 6 9/1/02
98 6 9/1/02
99 6 12/1/01
100 6 11/1/02
101 60 11/1/12
102 6 3/1/07
<PAGE>
103 6 6/1/07
104 36 11/1/14
105 6 9/1/02
106 36 11/1/14
107 6 12/1/02
108 6 12/1/02
109 6 3/1/17
110 6 9/1/02
111 6 9/1/02
112 6 12/1/02
113 6 9/1/02
114 6 6/1/07
115 6 3/1/07
116 6 6/1/17
117 6 6/1/07
118 6 5/1/07
119 6 5/1/07
120 6 5/1/07
121 6 5/1/07
122 7 12/1/06
123 6 11/1/02
124 6 6/1/07
125 6 6/1/07
126 6 5/1/17
127 6 5/1/07
128 6 12/1/02
129 6 6/1/07
130 6 6/1/04
131 36 11/1/14
132 6 6/1/07
133 12 12/1/02
134 6 6/1/07
135 6 9/1/02
136 24 8/1/98
137 6 6/1/07
138 6 6/1/07
139 6 6/1/17
140 6 5/1/07
141 6 6/1/07
142 6 6/1/12
143 6 6/1/07
144 6 5/1/07
145 24 2/1/03
146 24 2/1/03
147 6 5/1/07
148 7 5/1/07
149 6 6/1/07
150 6 5/1/07
151 6 6/1/07
152 6 6/1/07
153 6 6/1/07
154 6 5/1/07
155 6 3/1/17
<PAGE>
156 6 5/1/12
157 6 6/1/17
158 6 11/1/02
159 6 9/1/02
160 36 9/1/04
161 6 6/1/07
162 6 9/1/02
163 6 9/1/02
164 6 3/1/07
165 36 9/1/04
166 84 12/1/00
167 25 12/1/02
168 7 9/1/02
</TABLE>
(1A) The Mortgage Loans secured by the 18 Stone Container industrial
properties, respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Willow Creek Apartments (Foster Portfolio),
Lake Park Apartments, Plaza South Apartments, Farmwood Apartments, and
Colony Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Pebble Creek Apartments and Homestead
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by Shops at Lyndale Phase II and Shops at
Lyndale Phase II - TIF, respectively, are cross-collateralized and
cross-defaulted.
(1E) The Mortgage Loans secured by Walgreens - Kirkland, Walgreens Retail
Pharmacy Store - San Francisco, Walgreens Retail Pharmacy Store -
Charleston/Torrey, Walgreens Retail Pharmacy Store - Las Vegas Boulevard,
and Walgreens/Pharmacy Store - Paradise, respectively, are
cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Two Greenville Crossing and One Greenville
Crossing, respectively, are cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by Curry Honda Automobile Dealership, Curry
Chevrolet Automobile Dealership, Curry Acura Automobile Dealership, Curry
Ford/Subaru Automobile Dealership, Curry Mitsubishi Automobile Dealership,
and Curry Office Building, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by 4646 Bronze Way and 4647 Bronze Way,
respectively, are cross-collateralized and cross-defaulted.
(2) The Appraised Value for the Showboat Hotel & Casino, Atlantic City and the
aggregate Appraised Value of all the Mortgaged Properties set forth above
reflects, and the Cut-off Date LTV Ratio of the Showboat Loan and the
weighted average Cut-off Date LTV Ratio of the Mortgage Pool set forth
above is based upon, the unencumbered fee simple value of the Showboat
Hotel & Casino, Atlantic City under a foreclosure scenario, assuming that
such property is free and clear of the Showboat Ground Lease. The
estimated value (based upon an income capitalization approach) of the
property securing the Showboat Loan, taking into account the Showboat
Ground Lease, is approximately $110 million. Based upon such value, the
aggregate appraised value of all the Mortgaged Properties would be
$1,175,628,000, the Cut-off Date LTV Ratio of the Showboat Loan would be
90.8% and the weighted average Cut-off Date LTV Ratio of the Mortgage Pool
would be 73.4%.
(3) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest and
Viking Conference Center, Holdiay Inn Express Hotel, AMC Theater Complex,
and the Comfort Inn - Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the Mortgage
Pool - General" in the Prospectus Supplement.
<PAGE>
<TABLE>
<CAPTION>
Yield Maintenance
or
Prepayment Premium Prepayment
# Expiration Date Provisions @ Cut-off (3)
<S> <C> <C>
1 2/1/08 L (9.92)
2 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
3 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
4 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
5 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
6 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
7 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
8 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
9 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
10 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
11 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
12 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
13 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
14 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
15 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
16 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
17 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
18 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
19 3/1/07 L (2.5), YM 1% (6.5), O (0.5)
20 8/1/07 L (9.42), O (0.5)
21 6/1/07 L (9.33), O (0.5)
22 6/1/07 L (9.33), O (0.5)
23 6/1/07 L (9.33), O (0.5)
24 6/1/07 L (9.33), O (0.5)
25 6/1/07 L (9.33), O (0.5)
26 6/1/07 L (4.83), YM 1% (4.5), O (2.5)
27 8/1/07 L (9.42), O (0.5)
28 9/1/07 L (9.58)
29 3/1/07 L (9.08), O (0.5)
30 6/1/07 L (9.33), O (0.5)
31 6/1/07 L (9.33), O (0.5)
32 11/1/14 L (16.67), O (3)
33 5/1/10 L (12.17), O (0.5)
34 9/1/14 L (16.58), O (3.08)
35 9/1/14 L (16.58), O (3.08)
36 9/1/14 L (16.58), O (3.08)
37 9/1/14 L (16.58), O (3.08)
38 9/1/14 L (16.58), O (3.08)
39 8/1/07 L (9.42), O (0.5)
40 6/1/07 L (9.25), O (0.5)
41 6/1/07 L (9.25), O (0.58)
42 6/1/07 L (9.25), O (0.58)
43 3/1/17 L (19.08), O (0.5)
44 6/1/07 L (9.25), O (0.5)
45 5/1/07 L (9.17), O (0.58)
46 5/1/07 L (9.17), O (0.58)
47 5/1/07 L (9.17), O (0.58)
48 5/1/07 L (9.17), O (0.58)
49 5/1/07 L (9.17), O (0.58)
<PAGE>
50 5/1/07 L (9.17), O (0.58)
51 6/1/07 L (9.33), O (0.58)
52 6/1/07 L (9.25), O (0.5)
53 6/1/07 L (9.33), O (0.5)
54 3/1/07 L (4.58), YM 1% (4.5), O (0.5)
55 6/1/07 L (9.25), O (0.5)
56 6/1/07 L (4.83), YM 1% (4.42), O (0.58)
57 8/1/07 L (9.42), O (0.5)
58 6/1/09 L (11.25), O (0.5)
59 6/1/07 L (9.33), O (0.5)
60 5/1/07 L (9.17), O (0.5)
61 6/1/07 L (4.75), YM 1% (4.5), O (0.5)
62 3/1/07 L (9.08), O (0.5)
63 6/1/07 L (9.33), O (0.5)
64 2/1/03 L (4.92), O (5)
65 12/1/09 L (6.83), YM 1% (5), O (3)
66 6/1/07 L (9.25), O (0.5)
67 6/1/07 L (3.75), YM 1% (5.5), O (0.5)
68 5/1/07 L (9.17), O (0.5)
69 5/1/07 L (9.17), O (0.58)
70 6/1/12 L (14.25), O (0.5)
71 6/1/07 L (9.33), O (0.5)
72 8/1/07 L (4.92), YM 1% (4.5), O (0.5)
73 3/1/07 L (9.08), O (0.5)
74 6/1/07 L (4.75), YM 1% (4.5), O (0.5)
75 6/1/04 L (3.75), YM 1% (2.5), O (0.5)
76 6/1/07 L (9.33), O (0.5)
77 11/1/06 L (4.17), YM 1% (4.5), O (0.5)
78 3/1/07 L (4.5), YM 1% (4.5), O (0.5)
79 12/1/09 L (6.83), YM 1% (5), O (3)
80 3/1/07 L (4.58), YM 1% (4.5), O (0.5)
81 6/1/07 L (4.83), YM 1% (4.5), O (0.5)
82 6/1/07 L (9.33), O (0.5)
83 6/1/04 L (3.75), YM 1% (2.5), O (0.5)
84 11/1/09 L (5.67), YM 1% (6), O (3)
85 6/1/17 L (19.25), O (0.5)
86 6/1/07 L (9.25), O (0.5)
87 11/1/07 L (9.67)
88 2/1/03 L (4.92), O (2)
89 3/1/07 L (9.08), O (0.5)
90 5/1/07 L (9.17), O (0.5)
91 5/1/07 L (9.17), O (0.5)
92 3/1/07 L (4.58), YM 1% (4.5), O (0.5)
93 12/1/09 L (6.75), YM 1% (5), O (3)
94 11/1/12 L (14.67), O (5)
95 6/1/07 L (9.33), O (0.5)
96 5/1/07 L (4.67), YM 1% (4.5), O (0.5)
97 3/1/07 L (4.58), YM 1% (4.5), O (0.5)
98 3/1/07 L (4.5), YM 1% (4.5), O (0.5)
99 6/1/04 L (3.75), YM 1% (2.5), O (0.5)
100 5/1/07 L (4.67), YM 1% (4.5), O (0.5)
101 11/1/12 L (14.67), O (5)
102 3/1/07 L (9), O (0.5)
<PAGE>
103 6/1/07 L (9.25), O (0.5)
104 11/1/14 L (16.67), O (3)
105 3/1/07 L (4.58), YM 1% (4.5), O (0.5)
106 11/1/14 L (16.67), O (3)
107 6/1/07 L (4.75), YM 1% (4.5), O (0.5)
108 6/1/07 L (4.83), YM 1% (4.5), O (0.5)
109 3/1/17 L (19.08), O (0.5)
110 3/1/07 L (4.58), YM 1% (4.5), O (0.5)
111 3/1/07 L (4.5), YM 1% (4.5), O (0.5)
112 6/1/07 L (4.83), YM 1% (4.5), O (0.5)
113 3/1/07 L (4.58), YM 1% (4.5), O (0.5)
114 6/1/07 L (9.25), O (0.5)
115 3/1/07 L (9.08), O (0.5)
116 6/1/17 L (19.33), O (0.5)
117 6/1/07 L (9.25), O (0.5)
118 5/1/07 L (9.17), O (0.5)
119 5/1/07 L (9.17), O (0.5)
120 5/1/07 L (9.17), O (0.5)
121 5/1/07 L (9.17), O (0.5)
122 12/1/06 L (8.83), O (0.58)
123 5/1/07 L (4.67), YM 1% (4.5), O (0.5)
124 6/1/07 L (9.33), O (0.5)
125 6/1/07 L (9.25), O (0.5)
126 5/1/17 L (19.17), O (0.5)
127 5/1/07 L (9.17), O (0.5)
128 6/1/07 L (4.75), YM 1% (4.5), O (0.5)
129 6/1/07 L (9.25), O (0.5)
130 6/1/04 L (6.25), O (0.5)
131 11/1/14 L (16.67), O (3)
132 6/1/07 L (9.33), O (0.5)
133 12/1/06 L (4.75), > YM 1% (2),
< YM 2% (2), O (1)
134 6/1/07 L (9.25), O (0.5)
135 3/1/07 L (4.5), YM 1% (4.5), O (0.5)
136 8/1/02 L (0.42), YM 1% (2), 1% (2), O (2)
137 6/1/07 L (9.25), O (0.5)
138 6/1/07 L (9.33), O (0.5)
139 6/1/17 L (19.33), O (0.5)
140 5/1/07 L (9.17), O (0.5)
141 6/1/07 L (9.33), O (0.5)
142 6/1/12 L (14.25), O (0.5)
143 6/1/07 L (9.33), O (0.5)
144 5/1/07 L (9.17), O (0.5)
145 2/1/03 L (4.92), O (2)
146 2/1/03 L (4.92), O (2)
147 5/1/07 L (9.17), O (0.5)
148 5/1/07 L (9.17), O (0.58)
149 6/1/07 L (9.25), O (0.5)
150 5/1/07 L (9.17), O (0.5)
151 6/1/07 L (9.25), O (0.5)
152 6/1/07 L (9.25), O (0.5)
153 6/1/07 L (9.25), O (0.5)
154 5/1/07 L (9.17), O (0.5)
155 3/1/17 L (19), O (0.5)
<PAGE>
156 5/1/12 L (14.17), O (0.5)
157 6/1/17 L (19.33), O (0.5)
158 5/1/07 L (4.67), YM 1% (4.5), O (0.5)
159 3/1/07 L (4.58), YM 1% (4.5), O (0.5)
160 9/1/09 L (6.58), YM 1% (5), O (3)
161 6/1/07 L (9.33), O (0.5)
162 3/1/07 L (4.5), YM 1% (4.5), O (0.5)
163 3/1/07 L (4.58), YM 1% (4.5), O (0.5)
164 3/1/07 L (9.08), O (0.5)
165 9/1/09 L (6.5), YM 1% (5), O (3)
166 12/1/00 L (2.83), O (7)
167 12/1/02 L (4.83), O (2.08)
168 1/1/07 L (4.58), YM 1% (4.33), O (0.58)
Total/Weighted Average:
</TABLE>
(1A) The Mortgage Loans secured by the 18 Stone Container industrial
properties, respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Willow Creek Apartments (Foster Portfolio),
Lake Park Apartments, Plaza South Apartments, Farmwood Apartments, and
Colony Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Pebble Creek Apartments and Homestead
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by Shops at Lyndale Phase II and Shops at
Lyndale Phase II - TIF, respectively, are cross-collateralized and
cross-defaulted.
(1E) The Mortgage Loans secured by Walgreens - Kirkland, Walgreens Retail
Pharmacy Store - San Francisco, Walgreens Retail Pharmacy Store -
Charleston/Torrey, Walgreens Retail Pharmacy Store - Las Vegas Boulevard,
and Walgreens/Pharmacy Store - Paradise, respectively, are
cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Two Greenville Crossing and One Greenville
Crossing, respectively, are cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by Curry Honda Automobile Dealership, Curry
Chevrolet Automobile Dealership, Curry Acura Automobile Dealership, Curry
Ford/Subaru Automobile Dealership, Curry Mitsubishi Automobile Dealership,
and Curry Office Building, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by 4646 Bronze Way and 4647 Bronze Way,
respectively, are cross-collateralized and cross-defaulted.
(2) The Appraised Value for the Showboat Hotel & Casino, Atlantic City and the
aggregate Appraised Value of all the Mortgaged Properties set forth above
reflects, and the Cut-off Date LTV Ratio of the Showboat Loan and the
weighted average Cut-off Date LTV Ratio of the Mortgage Pool set forth
above is based upon, the unencumbered fee simple value of the Showboat
Hotel & Casino, Atlantic City under a foreclosure scenario, assuming that
such property is free and clear of the Showboat Ground Lease. The
estimated value (based upon an income capitalization approach) of the
property securing the Showboat Loan, taking into account the Showboat
Ground Lease, is approximately $110 million. Based upon such value, the
aggregate appraised value of all the Mortgaged Properties would be
$1,175,628,000, the Cut-off Date LTV Ratio of the Showboat Loan would be
90.8% and the weighted average Cut-off Date LTV Ratio of the Mortgage Pool
would be 73.4%.
(3) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest and
Viking Conference Center, Holdiay Inn Express Hotel, AMC Theater Complex,
and the Comfort Inn - Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the Mortgage
Pool - General" in the Prospectus Supplement.
<PAGE>
<TABLE>
<CAPTION>
Major Tenant #1 Major Tenant #1
# Name Sq. Ft.
<S> <C> <C>
1 Atlantic City Showboat, Inc. 453,024
2 N/A N/A
3 N/A N/A
4 N/A N/A
5 N/A N/A
6 N/A N/A
7 N/A N/A
8 N/A N/A
9 N/A N/A
10 N/A N/A
11 N/A N/A
12 N/A N/A
13 N/A N/A
14 N/A N/A
15 N/A N/A
16 N/A N/A
17 N/A N/A
18 N/A N/A
19 N/A N/A
20 N/A N/A
21 N/A N/A
22 N/A N/A
23 N/A N/A
24 N/A N/A
25 N/A N/A
26 Best Buy 58,000
27 Secure Computing Corp. 65,546
28 N/A N/A
29 John Ryan Company 43,000
30 N/A N/A
31 N/A N/A
32 Baby Superstore 42,050
33 Baby Superstore 42,050
34 Walgreen Co. 13,905
35 Walgreen Co. 14,026
36 Walgreen Co. 13,905
37 Walgreen Co. 15,120
38 Walgreen Co. 13,905
39 N/A N/A
40 N/A N/A
41 N/A N/A
42 Janssen's 14,693
43 K-Mart 104,231
44 Payless Drugs 23,714
45 The Curry Corporation d/b/a Curry Honda 49,973
46 B.F. Curry Inc. d/b/a/ Chevrolette/Geo 32,340
47 Scarsdale Motors, Inc. d/b/a Curry Acura 14,632
48 Mohansic Corp., d/b/a Curry Ford-Subaru 28,065
49 Yorktown Motors Inc. 16,073
<PAGE>
50 The Curry Corporation 14,460
51 708 Gym Corp. 33,900
52 Fordham Kiddie Fashions 10,100
53 N/A N/A
54 N/A N/A
55 Foot 4 Less 52,924
56 Sinai Hospital of Greater Detroit 32,364
57 Discovery Zone 12,500
58 Designer Shoe Warehouse 25,700
59 N/A N/A
60 Borders, Inc. 25,000
61 Wolfram Research 39,551
62 Loehmann's Inc. 23,350
63 Kroger 60,214
64 S. Florida Center Supplied Research 50,213
65 Filene's Basement Corp. 456,920
66 N/A N/A
67 N/A N/A
68 Kinko's 8,100
69 American Multi-Cinema, Inc. 35,000
70 Bingo Hall 20,000
71 N/A N/A
72 N/A N/A
73 Computer Task Group, Inc. 12,954
74 Columbia - GSH 9,357
75 N/A N/A
76 Walgreen's 14,400
77 Heilig Meyers 45,600
78 N/A N/A
79 ShopRite 52,500
80 M & L International 24,284
81 A.J. Etkin Construction 22,534
82 Ingles 32,000
83 N/A N/A
84 Rain Forest Cafe 20,322
85 Randall's Food & Drug 59,000
86 Algen Design 31,117
87 McDonnell Douglas 14,600
88 N/A N/A
89 N/A N/A
90 Bacchus Wine & Spirits 6,117
91 N/A N/A
92 Panini Restaurant 5,240
93 Carl's Furniture 42,000
94 N/A N/A
95 Big V Supermarket 41,676
96 Lady of America 4,509
97 N/A N/A
98 Blockbuster Video 6,000
99 N/A N/A
100 N/A N/A
101 N/A N/A
<PAGE>
102 N/A N/A
103 N/A N/A
104 Walgreen Co. 13,905
105 N/A N/A
106 Walgreen Co. 13,905
107 Leisure Time Warehouse 18,540
108 N/A N/A
109 Video Update 5,500
110 Tractor Supply Co. 34,762
111 Chief Supermarket 33,119
112 N/A N/A
113 Craftique 8,973
114 N/A N/A
115 N/A N/A
116 Walgreen Arizona Drug Co. 17,089
117 N/A N/A
118 Pacific Coast Title 10,004
119 NEI Webworld, Inc. 85,376
120 NEI Webworld, Inc. 57,804
121 N/A N/A
122 N/A N/A
123 Fiesta Foods 31,200
124 Thrifty Payless 27,900
125 N/A N/A
126 Sinco International 1,950
127 N/A N/A
128 Lawrence Lomax Antiques 6,000
129 N/A N/A
130 The Casual Male Big & Tall 53,000
131 Walgreen Co. 13,737
132 N/A N/A
133 N/A N/A
134 Mahoney's Inc. 3,600
135 Bass Shoe 7,760
136 N/A N/A
137 N/A N/A
138 N/A N/A
139 Furr's Supermarkets, Inc. 45,096
140 Mercury Marine 58,900
141 Pedal & Pleasure 4,400
142 Tempchin/Tash 2,500
143 N/A N/A
144 Broadmoor Medical Clinic 5,600
145 N/A N/A
146 N/A N/A
147 State of Washington 10,490
148 N/A N/A
149 N/A N/A
150 U.S. Food Service, Inc. 8,263
151 Heritage Area Planners, Inc. 2,393
152 The HMS Houston General 5,107
153 N/A N/A
154 Food Lion 30,720
155 N/A N/A
<PAGE>
156 N/A N/A
157 Revco Discount Drug Centers, Inc. 10,722
158 N/A N/A
159 N/A N/A
160 Pathmark Stores, Inc. 46,500
161 N/A N/A
162 Blockbuster Video 6,000
163 N/A N/A
164 N/A N/A
165 Future Problem SP 2,740
166 Kmart 104,000
167 N/A N/A
168 Lovers Lane Animal Medical Center, L.L.P. 7,020
</TABLE>
(1A) The Mortgage Loans secured by the 18 Stone Container industrial
properties, respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Willow Creek Apartments (Foster Portfolio),
Lake Park Apartments, Plaza South Apartments, Farmwood Apartments, and
Colony Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Pebble Creek Apartments and Homestead
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by Shops at Lyndale Phase II and Shops at
Lyndale Phase II - TIF, respectively, are cross-collateralized and
cross-defaulted.
(1E) The Mortgage Loans secured by Walgreens - Kirkland, Walgreens Retail
Pharmacy Store - San Francisco, Walgreens Retail Pharmacy Store -
Charleston/Torrey, Walgreens Retail Pharmacy Store - Las Vegas Boulevard,
and Walgreens/Pharmacy Store - Paradise, respectively, are
cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Two Greenville Crossing and One Greenville
Crossing, respectively, are cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by Curry Honda Automobile Dealership, Curry
Chevrolet Automobile Dealership, Curry Acura Automobile Dealership, Curry
Ford/Subaru Automobile Dealership, Curry Mitsubishi Automobile Dealership,
and Curry Office Building, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by 4646 Bronze Way and 4647 Bronze Way,
respectively, are cross-collateralized and cross-defaulted.
(2) The Appraised Value for the Showboat Hotel & Casino, Atlantic City and the
aggregate Appraised Value of all the Mortgaged Properties set forth above
reflects, and the Cut-off Date LTV Ratio of the Showboat Loan and the
weighted average Cut-off Date LTV Ratio of the Mortgage Pool set forth
above is based upon, the unencumbered fee simple value of the Showboat
Hotel & Casino, Atlantic City under a foreclosure scenario, assuming that
such property is free and clear of the Showboat Ground Lease. The
estimated value (based upon an income capitalization approach) of the
property securing the Showboat Loan, taking into account the Showboat
Ground Lease, is approximately $110 million. Based upon such value, the
aggregate appraised value of all the Mortgaged Properties would be
$1,175,628,000, the Cut-off Date LTV Ratio of the Showboat Loan would be
90.8% and the weighted average Cut-off Date LTV Ratio of the Mortgage Pool
would be 73.4%.
(3) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest and
Viking Conference Center, Holdiay Inn Express Hotel, AMC Theater Complex,
and the Comfort Inn - Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the Mortgage
Pool - General" in the Prospectus Supplement.
<PAGE>
<TABLE>
<CAPTION>
Major Tenant #1 Major Tenant #2
# Lease Expiration Date Name
<S> <C> <C>
1 01/01/82 N/A
2 N/A N/A
3 N/A N/A
4 N/A N/A
5 N/A N/A
6 N/A N/A
7 N/A N/A
8 N/A N/A
9 N/A N/A
10 N/A N/A
11 N/A N/A
12 N/A N/A
13 N/A N/A
14 N/A N/A
15 N/A N/A
16 N/A N/A
17 N/A N/A
18 N/A N/A
19 N/A N/A
20 N/A N/A
21 N/A N/A
22 N/A N/A
23 N/A N/A
24 N/A N/A
25 N/A N/A
26 06/30/10 Barnes & Noble
27 02/01/06 MN State Lottery
28 N/A N/A
29 12/31/99 A.M. Miller & Assoc
30 N/A N/A
31 N/A N/A
32 09/01/11 Border's Books
33 09/01/11 Border's Books
34 04/01/57 N/A
35 07/01/66 N/A
36 09/01/56 N/A
37 05/01/56 N/A
38 07/01/56 N/A
39 N/A N/A
40 N/A N/A
41 N/A N/A
42 12/01/08 Happy Harry, Inc.
43 04/01/16 Kroger
44 01/31/14 N/A
45 08/31/17 N/A
46 08/31/17 N/A
47 08/31/17 N/A
48 08/31/17 N/A
49 04/01/02 N/A
<PAGE>
50 08/31/17 N/A
51 10/01/08 Workman Publishing
52 04/01/03 Easy Pickins
53 N/A N/A
54 N/A N/A
55 05/01/10 Petsmart
56 02/01/01 N/A
57 04/01/04 J. Baker / Casual Male
58 08/01/09 Tandy Corporation
59 N/A N/A
60 08/31/16 Larry's Shoes
61 03/01/02 N/A
62 10/01/13 General Cinema
63 03/01/13 N/A
64 01/31/13 Publix Supermarket
65 04/30/02 N/A
66 N/A N/A
67 N/A N/A
68 05/01/99 N/A
69 01/01/25 N/A
70 MTM N/A
71 N/A N/A
72 N/A N/A
73 08/31/00 N/A
74 01/01/02 Unimed - SJMG
75 N/A N/A
76 07/01/44 Hollywood Video
77 09/01/09 U.S. Corp Flea Market
78 N/A N/A
79 10/01/22 N/A
80 03/01/02 Communicate Direct
81 03/01/04 Dragun Corporation
82 08/31/08 Big B Drugs / Revco
83 N/A N/A
84 01/09/12 N/A
85 11/01/22 N/A
86 05/01/00 Telecom Analysis Systems
87 08/31/02 Jorge Scientific Corp.
88 N/A N/A
89 N/A N/A
90 04/01/07 Julie's Hallmark
91 N/A N/A
92 09/30/02 Osaka Restaurant
93 09/30/16 Sound Advise
94 N/A N/A
95 05/01/08 Just A Buck
96 06/30/02 N/A
97 N/A N/A
98 10/01/01 Lady of America Fitness
99 N/A N/A
100 N/A N/A
101 N/A N/A
102 N/A N/A
<PAGE>
103 N/A N/A
104 10/01/56 N/A
105 N/A N/A
106 07/01/56 N/A
107 08/01/01 EPA
108 N/A N/A
109 09/01/07 Dr. Nelson
110 04/01/07 Baskins Department Store
111 02/01/10 Val Department Store
112 N/A N/A
113 02/01/02 Autoworks
114 N/A N/A
115 N/A N/A
116 06/01/56 N/A
117 N/A N/A
118 03/31/99 Wareham Property Group
119 09/30/17 N/A
120 09/30/17 N/A
121 N/A N/A
122 N/A N/A
123 05/01/04 C.R. Anthony's
124 10/01/12 Champion Factory Outlet
125 N/A N/A
126 01/01/98 Cell Port Labs
127 N/A N/A
128 08/31/02 Community Psychiatric Clinic, Inc.
129 N/A N/A
130 01/01/08 N/A
131 07/01/56 N/A
132 N/A N/A
133 N/A N/A
134 02/01/00 Avanti Italian
135 03/01/98 11/30
136 N/A N/A
137 N/A N/A
138 N/A N/A
139 09/01/17 N/A
140 11/01/98 Fitzpak
141 03/31/01 Movie Reel
142 10/01/99 Daycon Products Co.
143 N/A N/A
144 05/31/99 China Doll Restaurant
145 N/A N/A
146 N/A N/A
147 05/31/99 John L. Scott
148 N/A N/A
149 N/A N/A
150 01/01/01 Soft Thoughts Systems, Inc.
151 01/01/00 Avant Garde Custom Framing & Art Gallery
152 12/01/04 Rheumatology Associates
153 N/A N/A
154 11/01/05 Family Dollar Stores of NC, Inc.
155 N/A N/A
<PAGE>
156 N/A N/A
157 10/01/17 N/A
158 N/A N/A
159 N/A N/A
160 01/01/02 N/A
161 N/A N/A
162 09/01/06 Dry Cleaners
163 N/A N/A
164 N/A N/A
165 11/01/01 N/A
166 04/30/01 N/A
167 N/A N/A
168 07/01/17 N/A
</TABLE>
(1A) The Mortgage Loans secured by the 18 Stone Container industrial
properties, respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Willow Creek Apartments (Foster Portfolio),
Lake Park Apartments, Plaza South Apartments, Farmwood Apartments, and
Colony Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Pebble Creek Apartments and Homestead
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by Shops at Lyndale Phase II and Shops at
Lyndale Phase II - TIF, respectively, are cross-collateralized and
cross-defaulted.
(1E) The Mortgage Loans secured by Walgreens - Kirkland, Walgreens Retail
Pharmacy Store - San Francisco, Walgreens Retail Pharmacy Store -
Charleston/Torrey, Walgreens Retail Pharmacy Store - Las Vegas Boulevard,
and Walgreens/Pharmacy Store - Paradise, respectively, are
cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Two Greenville Crossing and One Greenville
Crossing, respectively, are cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by Curry Honda Automobile Dealership, Curry
Chevrolet Automobile Dealership, Curry Acura Automobile Dealership, Curry
Ford/Subaru Automobile Dealership, Curry Mitsubishi Automobile Dealership,
and Curry Office Building, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by 4646 Bronze Way and 4647 Bronze Way,
respectively, are cross-collateralized and cross-defaulted.
(2) The Appraised Value for the Showboat Hotel & Casino, Atlantic City and the
aggregate Appraised Value of all the Mortgaged Properties set forth above
reflects, and the Cut-off Date LTV Ratio of the Showboat Loan and the
weighted average Cut-off Date LTV Ratio of the Mortgage Pool set forth
above is based upon, the unencumbered fee simple value of the Showboat
Hotel & Casino, Atlantic City under a foreclosure scenario, assuming that
such property is free and clear of the Showboat Ground Lease. The
estimated value (based upon an income capitalization approach) of the
property securing the Showboat Loan, taking into account the Showboat
Ground Lease, is approximately $110 million. Based upon such value, the
aggregate appraised value of all the Mortgaged Properties would be
$1,175,628,000, the Cut-off Date LTV Ratio of the Showboat Loan would be
90.8% and the weighted average Cut-off Date LTV Ratio of the Mortgage Pool
would be 73.4%.
(3) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest and
Viking Conference Center, Holdiay Inn Express Hotel, AMC Theater Complex,
and the Comfort Inn - Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the Mortgage
Pool - General" in the Prospectus Supplement.
<PAGE>
<TABLE>
<CAPTION>
Major Tenant #2
# Lease Expiration Date
<S> <C>
1 N/A
2 N/A
3 N/A
4 N/A
5 N/A
6 N/A
7 N/A
8 N/A
9 N/A
10 N/A
11 N/A
12 N/A
13 N/A
14 N/A
15 N/A
16 N/A
17 N/A
18 N/A
19 N/A
20 N/A
21 N/A
22 N/A
23 N/A
24 N/A
25 N/A
26 01/31/09
27 05/01/03
28 N/A
29 05/01/01
30 N/A
31 N/A
32 04/01/17
33 04/01/17
34 N/A
35 N/A
36 N/A
37 N/A
38 N/A
39 N/A
40 N/A
41 N/A
42 01/01/01
43 02/01/07
44 N/A
45 N/A
46 N/A
47 N/A
48 N/A
49 N/A
<PAGE>
50 N/A
51 04/01/03
52 02/01/06
53 N/A
54 N/A
55 02/01/09
56 N/A
57 02/01/03
58 10/01/12
59 N/A
60 10/31/06
61 N/A
62 03/01/03
63 N/A
64 06/02/12
65 N/A
66 N/A
67 N/A
68 N/A
69 N/A
70 N/A
71 N/A
72 N/A
73 N/A
74 01/01/07
75 N/A
76 06/01/04
77 05/01/09
78 N/A
79 N/A
80 02/01/99
81 01/01/00
82 08/01/08
83 N/A
84 N/A
85 N/A
86 11/01/98
87 08/31/04
88 N/A
89 N/A
90 04/01/02
91 N/A
92 09/01/07
93 11/11/11
94 N/A
95 02/01/09
96 N/A
97 N/A
98 03/01/02
99 N/A
100 N/A
101 N/A
102 N/A
<PAGE>
103 N/A
104 N/A
105 N/A
106 N/A
107 08/01/05
108 N/A
109 09/01/02
110 05/01/02
111 07/01/04
112 N/A
113 08/01/00
114 N/A
115 N/A
116 N/A
117 N/A
118 12/01/02
119 N/A
120 N/A
121 N/A
122 N/A
123 01/01/01
124 07/10/98
125 N/A
126 09/01/97
127 N/A
128 10/01/02
129 N/A
130 N/A
131 N/A
132 N/A
133 N/A
134 08/01/05
135 08/01/98
136 N/A
137 N/A
138 N/A
139 N/A
140 05/01/02
141 01/31/01
142 10/01/98
143 N/A
144 07/31/02
145 N/A
146 N/A
147 02/28/01
148 N/A
149 N/A
150 11/01/99
151 04/01/02
152 02/01/02
153 N/A
154 12/01/02
155 N/A
<PAGE>
156 N/A
157 N/A
158 N/A
159 N/A
160 N/A
161 N/A
162 02/21/06
163 N/A
164 N/A
165 N/A
166 N/A
167 N/A
168 N/A
Total/Weighted Average:
</TABLE>
<TABLE>
<CAPTION>
Major Tenant #3 Major Tenant #3 Major Tenant
# Name Sq. Ft. #3 Lease
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 N/A N/A N/A
5 N/A N/A N/A
6 N/A N/A N/A
7 N/A N/A N/A
8 N/A N/A N/A
9 N/A N/A N/A
10 N/A N/A N/A
11 N/A N/A N/A
12 N/A N/A N/A
13 N/A N/A N/A
14 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 N/A N/A N/A
20 N/A N/A N/A
21 N/A N/A N/A
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 Office Depot 27,352 12/31/05
27 N/A N/A N/A
28 N/A N/A N/A
29 Burnett Realty, Inc. 28,553 07/01/03
30 N/A N/A N/A
31 N/A N/A N/A
32 David's Bridal, Inc. 11,690 10/01/06
33 David's Bridal, Inc. 11,690 10/01/06
34 N/A N/A N/A
35 N/A N/A N/A
36 N/A N/A N/A
37 N/A N/A N/A
38 N/A N/A N/A
39 N/A N/A N/A
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 N/A N/A N/A
45 N/A N/A N/A
46 N/A N/A N/A
47 N/A N/A N/A
48 N/A N/A N/A
49 N/A N/A N/A
<PAGE>
50 N/A N/A N/A
51 City of New York
Department of Transportation 24,150 01/01/05
52 Paramount Silk 5,900 01/01/01
53 N/A N/A N/A
54 N/A N/A N/A
55 N/A N/A N/A
56 N/A N/A N/A
57 Kinney Shoes / Foot Locker 2,700 01/01/03
58 Party City Corporation 10,400 08/01/07
59 N/A N/A N/A
60 N/A N/A N/A
61 N/A N/A N/A
62 N/A N/A N/A
63 N/A N/A N/A
64 Parkway Medical Center 18,000 08/14/02
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 N/A N/A N/A
74 N/A N/A N/A
75 N/A N/A N/A
76 N/A N/A N/A
77 Wayfield Foods 26,250 04/01/00
78 N/A N/A N/A
79 N/A N/A N/A
80 Superior Lighting 13,000 03/01/01
81 Swistak and Levine 9,823 11/01/00
82 N/A N/A N/A
83 N/A N/A N/A
84 N/A N/A N/A
85 N/A N/A N/A
86 Magnet Resources 11,074 04/01/99
87 Delex Systems, Inc. 6,916 08/31/02
88 N/A N/A N/A
89 N/A N/A N/A
90 N/A N/A N/A
91 N/A N/A N/A
92 N/A N/A N/A
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 N/A N/A N/A
101 N/A N/A N/A
102 N/A N/A N/A
<PAGE>
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 USA Baby 12,000 08/01/98
108 N/A N/A N/A
109 N/A N/A N/A
110 Beall's 16,800 12/01/02
111 N/A N/A N/A
112 N/A N/A N/A
113 N/A N/A N/A
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 N/A N/A N/A
121 N/A N/A N/A
122 N/A N/A N/A
123 Perry's 14,040 02/01/00
124 N/A N/A N/A
125 N/A N/A N/A
126 N/A N/A N/A
127 N/A N/A N/A
128 J. Beard, A. Pappano
and V. Pappano 7,300 12/31/08
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 Perfect Press 2,400 06/01/99
135 G. Beene 2,850 04/01/00
136 N/A N/A N/A
137 N/A N/A N/A
138 N/A N/A N/A
139 N/A N/A N/A
140 Scholar's Bookshelf 17,000 11/01/97
141 N/A N/A N/A
142 N/A N/A N/A
143 N/A N/A N/A
144 Star Ranch Video 4,935 01/31/99
145 N/A N/A N/A
146 N/A N/A N/A
147 City University 4,850 06/30/02
148 N/A N/A N/A
149 N/A N/A N/A
150 Lucent Technologies Inc. 5,975 03/01/98
151 CL Photo, Inc. 1,235 03/31/06
152 N/A N/A N/A
153 N/A N/A N/A
154 N/A N/A N/A
155 N/A N/A N/A
<PAGE>
156 N/A N/A N/A
157 N/A N/A N/A
158 N/A N/A N/A
159 N/A N/A N/A
160 N/A N/A N/A
161 N/A N/A N/A
162 Masters Donuts 1,190 03/31/06
163 N/A N/A N/A
164 N/A N/A N/A
165 N/A N/A N/A
166 N/A N/A N/A
167 N/A N/A N/A
168 N/A N/A N/A
Total/Weighted Average:
</TABLE>
(1A) The Mortgage Loans secured by the 18 Stone Container industrial
properties, respectively, are cross-collateralized and cross-defaulted.
(1B) The Mortgage Loans secured by Willow Creek Apartments (Foster Portfolio),
Lake Park Apartments, Plaza South Apartments, Farmwood Apartments, and
Colony Apartments, respectively, are cross-collateralized and
cross-defaulted.
(1C) The Mortgage Loans secured by Pebble Creek Apartments and Homestead
Apartments, respectively, are cross-collateralized and cross-defaulted.
(1D) The Mortgage Loans secured by Shops at Lyndale Phase II and Shops at
Lyndale Phase II - TIF, respectively, are cross-collateralized and
cross-defaulted.
(1E) The Mortgage Loans secured by Walgreens - Kirkland, Walgreens Retail
Pharmacy Store - San Francisco, Walgreens Retail Pharmacy Store -
Charleston/Torrey, Walgreens Retail Pharmacy Store - Las Vegas Boulevard,
and Walgreens/Pharmacy Store - Paradise, respectively, are
cross-collateralized and cross-defaulted.
(1F) The Mortgage Loans secured by Two Greenville Crossing and One Greenville
Crossing, respectively, are cross-collateralized and cross-defaulted.
(1G) The Mortgage Loans secured by Curry Honda Automobile Dealership, Curry
Chevrolet Automobile Dealership, Curry Acura Automobile Dealership, Curry
Ford/Subaru Automobile Dealership, Curry Mitsubishi Automobile Dealership,
and Curry Office Building, respectively, are cross-collateralized and
cross-defaulted.
(1H) The Mortgage Loans secured by 4646 Bronze Way and 4647 Bronze Way,
respectively, are cross-collateralized and cross-defaulted.
(2) The Appraised Value for the Showboat Hotel & Casino, Atlantic City and the
aggregate Appraised Value of all the Mortgaged Properties set forth above
reflects, and the Cut-off Date LTV Ratio of the Showboat Loan and the
weighted average Cut-off Date LTV Ratio of the Mortgage Pool set forth
above is based upon, the unencumbered fee simple value of the Showboat
Hotel & Casino, Atlantic City under a foreclosure scenario, assuming that
such property is free and clear of the Showboat Ground Lease. The
estimated value (based upon an income capitalization approach) of the
property securing the Showboat Loan, taking into account the Showboat
Ground Lease, is approximately $110 million. Based upon such value, the
aggregate appraised value of all the Mortgaged Properties would be
$1,175,628,000, the Cut-off Date LTV Ratio of the Showboat Loan would be
90.8% and the weighted average Cut-off Date LTV Ratio of the Mortgage Pool
would be 73.4%.
(3) In the case of the Showboat Hotel & Casino, Atlantic City, Washington
Marriott Hotel, Hampton Inn - Houston Galleria, Holiday Inn Southwest and
Viking Conference Center, Holdiay Inn Express Hotel, AMC Theater Complex,
and the Comfort Inn - Cleveland, the maturity date is assumed to be the
Anticipated Repayment Date. See "Description of the Mortgage
Pool - General" in the Prospectus Supplement.
