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: June 18, 1998
(Date of earliest event reported)
Structured Asset Securities Corporation
Commercial Mortgage Pass-Through Certificates
LB Commercial Mortgage Trust
Series 1998-C1
(Exact name of registrant as specified
in charter)
Delaware 33-96378 74-2440858
(State or other juris- CommissionI.R.S. Employer
diction of organization)File No.)Identification No.)
200 Vesey Street, New York, New York 10285
(Address of principal executive offices)Zip Code)
Registrant's Telephone Number, including area code
(212) 526-7000
(Former name or former address, if changed since
last report.)
ITEM 5. OTHER EVENTS
On March 11, 1998, a single series
of certificates, entitled LB Commercial Mortgage
Trust, Commercial Mortgage Pass-Through Certificates,
Series 1998-C1 (the "Certificates"), was issued
pursuant to a pooling and servicing agreement (the
"Pooling and Servicing Agreement"), entered into by
and among Structured Asset Securities Corporation
(the "Registrant") as depositor, GMAC Commercial
Mortgage Corporation, as master servicer and special
servicer, La Salle National Bank as trustee and ABN
AMRO Bank N.V., as fiscal agent. The Pooling and
Servicing Agreement is attached hereto as Exhibit 4.1.
Certain classes of the certificates, designated
Class A-1, Class A-2, Class A-3, Class B, Class C,
Class D, Class E and Class IO (collectively, the
"Underwritten Certificates"), were registered under
the Registrant's registration statement on Form S-3
(no. 33-96378) and sold to Lehman Brother's Inc. (
the "Underwriter") pursuant to an underwriting agreement
(the "Underwriting Agreement") entered into by and
between the Registrant and the Underwriter. The
underwriting Agreement is attached hereto as
Exhibit 1.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of businesses acquired:
Not applicable
(b) Pro forma financial information
Not applicable
(c) Exhibits
Exhibit No. Description
1.1Underwriting Agreement, dated as of
March 9, 1998, between Structured Asset
Securities Corporation, as seller, and
Lehman Brother's Inc., as underwriter.
4.1Pooling and Servicing Agreement,
dated as of February 1, 1998, among
Structured Asset Securities Corporation,
as depositor, GMAC Commercial Mortgage
Corporation, as master servicer and
special servicer, LaSalle National Bank,
as trustee and ABN AMRO Bank N.V. as
fiscal agent.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly
caused this report to be signed on behalf of
the Registrant by the undersigned thereunto
duly authorized.
Date: June 18,1998
Structured Asset Securities Corporation
By: /s Russell Goldenberg
Russell Goldenberg,
Senior Vice President
EXHIBIT INDEX
The following exhibits are filed herewith:
Exhibit No. Page No.
1.1Underwriting Agreement, dated as of
March 9, 1998, between Structured Asset
Securities Corporation, as seller, and
Lehman Brother's Inc., as underwriter.
4.1Pooling and Servicing Agreement,
dated as of February 1, 1998, among
Structured Asset Securities Corporation,
as depositor, GMAC Commercial Mortgage
Corporation, as master servicer and
special servicer, LaSalle National Bank,
as trustee and ABN AMRO Bank N.V. as
fiscal agent
ABN AMRO
LaSalle National Bank
Administrator:
Lora Peloquin (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Structured Asset Securities Corporation
GMAC Commercial Mortgage Corporation, as
Master Servicer
Commercial Mortgage Pass-Through
Certificates
LB Commercial Mortgage Trust
Series 1998-C1
ABN AMRO Acct: 677902702
Statement Date 06/18/98
Payment Date: 06/18/98
Prior Payment: 05/18/98
Record Date: 05/29/98
WAC: 7.79756148%
WAMM: 127.3031297
Number Of Pages
0
Table Of Contents 1
REMIC Certificate Report 4
Other Related Information 3
Asset Backed Facts Sheets 1
Delinquency Loan Detail 1
Mortgage Loan Characteristics 2
Loan Level Listing 9
Total Pages Included In This Package 21
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
www.lnbabs.com
www.servicer.com
(714) 282-3990
(312) 904-2200
User Terminal
319
0319MMYY.EXE
ABN AMRO
LaSalle National Bank
Administrator:
Lora Peloquin (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Structured Asset Securities Corporation
GMAC Commercial Mortgage Corporation, as
Master Servicer
Commercial Mortgage Pass-Through Certificates
LB Commercial Mortgage Trust
Series 1998-C1
ABN AMRO Acct: 677902702
Statement Date 06/18/98
Payment Date: 06/18/98
Prior Payment: 05/18/98
Record Date: 05/29/98
WAC: 7.79756148%
WAMM: 127
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 267,810,000.00 262,936,003.23
501773AZ8 1,000.00000000 981.80054229
A-2 308,000,000.00 308,000,000.00
501773BA2 1,000.00000000 1,000.00000000
A-3 642,291,000.00 642,291,000.00
501773BB0 1,000.00000000 1,000.00000000
B 86,390,000.00 86,390,000.00
501773BC8 1,000.00000000 1,000.00000000
C 86,390,000.00 86,390,000.00
501773BD6 1,000.00000000 1,000.00000000
D 90,710,000.00 90,710,000.00
501773BE4 1,000.00000000 1,000.00000000
E 34,556,000.00 34,556,000.00
501773BF1 1,000.00000000 1,000.00000000
F 51,834,000.00 51,834,000.00
501773BG9 1,000.00000000 1,000.00000000
G 34,556,000.00 34,556,000.00
501773BH7 1,000.00000000 1,000.00000000
IO 1,727,817,629.N 1,722,943,632.23
501773AY1 1,000.00000000 997.17910230
H 17,278,000.00 17,278,000.00
501773BJ3 1,000.00000000 1,000.00000000
J 43,195,000.00 43,195,000.00
501773BK0 1,000.00000000 1,000.00000000
K 17,278,000.00 17,278,000.00
501773BL8 1,000.00000000 1,000.00000000
L 17,278,000.00 17,278,000.00
501773BM6 1,000.00000000 1,000.00000000
M 30,251,629.00 30,251,629.00
501773BN4 1,000.00000000 1,000.00000000
1,727,817,629.00 1,722,943,632.23
Principal Principal Negative
Payment Adj. or Loss Amortization
Per $1,000 Per $1,000 Per $1,000
1,275,324.18 0.00 0.00
4.762048393 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
1,275,324.18 0.00 0.00
Closing Interest Interest Pass-Through
Balance Payment Adjustment Rate (2)
Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
261,660,679.05 1,386,987.42 0.00 6.33000000%
977.038493895 5.178997872 0.00 6.33000000%
308,000,000.00 1,642,666.67 0.00 6.40000000%
1000.000000000 5.333333344 0.00 6.40000000%
642,291,000.00 3,468,371.40 0.00 6.48000000%
1000.000000000 5.400000000 0.00 6.48000000%
86,390,000.00 474,425.08 0.00 6.59000000%
1000.000000000 5.491666628 0.00 6.59000000%
86,390,000.00 480,904.33 0.00 6.68000000%
1000.000000000 5.566666628 0.00 6.68000000%
90,710,000.00 527,629.83 0.00 6.98000000%
1000.000000000 5.816666630 0.00 6.98000000%
34,556,000.00 201,576.67 0.00 7.00000000%
1000.000000000 5.833333430 0.00 7.00000000%
51,834,000.00 272,128.50 0.00 6.30000000%
1000.000000000 5.250000000 0.00 6.30000000%
34,556,000.00 181,419.00 0.00 6.30000000%
1000.000000000 5.250000000 0.00 6.30000000%
1,721,668,308. 1,724,475.87 0.00 1.20106718%
996.440989577 0.998065908 0.00 1.00653459%
17,278,000.00 90,709.50 0.00 6.30000000%
1000.000000000 5.250000000 0.00 6.30000000%
43,195,000.00 226,773.75 0.00 6.30000000%
1000.000000000 5.250000000 0.00 6.30000000%
17,278,000.00 90,709.50 0.00 6.30000000%
1000.000000000 5.250000000 0.00 6.30000000%
17,278,000.00 90,709.50 0.00 6.30000000%
1000.000000000 5.250000000 0.00 6.30000000%
30,251,629.00 158,782.60 -38.45 6.30000000%
1000.000000000 5.248728920 0.00 6.30000000%
1,721,668,308. 11,018,269.62 -38.45
Total P&I Payment 12,293,593.80
Notes: (1) N denotes notional balance
not included in total (
2) Interest Paid minus Intere
Adjustment minus Deferred Interest equals Accrual
(3) Estimated
ABN AMRO
LaSalle National Bank
0
Administrator:
Lora Peloquin (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Structured Asset Securities Corporation
GMAC Commercial Mortgage Corporation, as
Master Servicer
Commercial Mortgage Pass-Through Certificates
LB Commercial Mortgage Trust
Series 1998-C1
ABN AMRO Acct: 677902702
Statement Date 06/18/98
Payment Date: 06/18/98
Prior Payment: 05/18/98
Record Date: 05/29/98
WAC: 7.79756148%
WAMM: 127.3031297
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
R-III 0.00 0.00
9ABSA999 0.000000000 0.000000000
1,727,817,629.00 1,722,943,632.23
Principal Principal Negative
Payment Adj. or Loss Amortization
Per $1,000 Per $1,000 Per $1,000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
1,275,324.18 0.00 0.00
Closing Interest Interest Pass-Through
Balance Payment Adjustment Rate (2)
Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
1,721,668,308. 11,018,269.62
Total P&I Payment 12,293,593.80
ABN AMRO
LaSalle National Bank
Administrator:
Lora Peloquin (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Structured Asset Securities Corporation
GMAC Commercial Mortgage Corporation, as
Master Servicer
Commercial Mortgage Pass-Through Certificates
LB Commercial Mortgage Trust
Series 1998-C1
ABN AMRO Acct: 677902702
Statement Date 06/18/98
Payment Date: 06/18/98
Prior Payment: 05/18/98
Record Date: 05/29/98
WAC: 7.79756148%
WAMM: 127.3031297
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 267,810,000.00 262,936,003.23
1000.000000000 981.800542287
A-2 308,000,000.00 308,000,000.00
1000.000000000 1000.000000000
A-3 642,291,000.00 642,291,000.00
1000.000000000 1000.000000000
B 86,390,000.00 86,390,000.00
1000.000000000 1000.000000000
C 86,390,000.00 86,390,000.00
1000.000000000 1000.000000000
D 90,710,000.00 90,710,000.00
1000.000000000 1000.000000000
E 34,556,000.00 34,556,000.00
1000.000000000 1000.000000000
F 51,834,000.00 51,834,000.00
1000.000000000 1000.000000000
G 34,556,000.00 34,556,000.00
1000.000000000 1000.000000000
H 17,278,000.00 17,278,000.00
1000.000000000 1000.000000000
J 43,195,000.00 43,195,000.00
1000.000000000 1000.000000000
K 17,278,000.00 17,278,000.00
1000.000000000 1000.000000000
L 17,278,000.00 17,278,000.00
1000.000000000 1000.000000000
M 30,251,629.00 30,251,629.00
1000.000000000 1000.000000000
R-II 0.00 0.00
9ABSA998 0.000000000 0.000000000
1,727,817,629.00 1,722,943,632.23
Principal Principal Negative
Payment Adj. or Loss Amortization
Per $1,000 Per $1,000 Per $1,000
1,275,324.18 0.00 0.00
4.762048393 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
1,275,324.18 0.00 0.00
Closing Interest Interest Pass-Through
Balance Payment Adjustment Rate (2)
Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
261,660,679.05 1,681,488.49 0.00 7.67405819%
977.038493895 6.278662074 0.000000000 7.47952560%
308,000,000.00 1,969,674.94 0.00 7.67405819%
1000.000000000 6.395048506 0.000000000 7.47952560%
642,291,000.00 4,107,482.09 0.00 7.67405819%
1000.000000000 6.395048490 0.000000000 7.47952560%
86,390,000.00 552,468.24 0.00 7.67405819%
1000.000000000 6.395048501 0.000000000 7.47952560%
86,390,000.00 552,468.24 0.00 7.67405819%
1000.000000000 6.395048501 0.000000000 7.47952560%
90,710,000.00 580,094.85 0.00 7.67405819%
1000.000000000 6.395048506 0.000000000 7.47952560%
34,556,000.00 220,987.30 0.00 7.67405819%
1000.000000000 6.395048617 0.000000000 7.47952560%
51,834,000.00 331,480.94 0.00 7.67405819%
1000.000000000 6.395048424 0.000000000 7.47952560%
34,556,000.00 220,987.30 0.00 7.67405819%
1000.000000000 6.395048617 0.000000000 7.47952560%
17,278,000.00 110,493.65 0.00 7.67405819%
1000.000000000 6.395048617 0.000000000 7.47952560%
43,195,000.00 276,234.12 0.00 7.67405819%
1000.000000000 6.395048501 0.000000000 7.47952560%
17,278,000.00 110,493.65 0.00 7.67405819%
1000.000000000 6.395048617 0.000000000 7.47952560%
17,278,000.00 110,493.65 0.00 7.67405819%
1000.000000000 6.395048617 0.000000000 7.47952560%
30,251,629.00 193,422.16 -38.47 7.67405819%
1000.000000000 6.393776679 -0.001271667 7.47952560%
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
1,721,668,308. 11,018,269.62 -38.47
Total P&I Payment 12,293,593.80
ABN AMRO
LaSalle National Bank
Administrator:
Lora Peloquin (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Structured Asset Securities Corporation
GMAC Commercial Mortgage Corporation, as
Master Servicer
Commercial Mortgage Pass-Through Certificates
LB Commercial Mortgage Trust
ABN AMRO Acct: 677902702
Statement Date 06/18/98
Payment Date: 06/18/98
Prior Payment: 05/18/98
Record Date: 05/29/98
WAC: 7.79756148%
WAMM: 127.3031297
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Regular Intere1,727,837,364.17 1,722,963,367.40
1000.000000000 997.179134523
R-I 0.00 0.00
9ABSA997 0.000000000 0.000000000
1,727,837,364.17 1,722,963,367.40
Principal Principal Negative
Payment Adj. or Loss Amortization
Per $1,000 Per $1,000 Per $1,000
1,275,324.18 0.00 0.00
0.738104295 0.000000000 0.000000000
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
1,275,324.18 0.00 0.00
Closing Interest Interest Pass-Through
Balance Payment Adjustment Rate (2)
Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
1,721,688,043. 11,018,269.62 0.00 7.67405819%
996.441030228 6.376913620 0.000000000 7.47952560%
0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
1,721,688,043. 11,018,269.62 0.00
Total P&I Payment 12,293,593.80
ABN AMRO
LaSalle National Bank
Administrator:
Lora Peloquin (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Structured Asset Securities Corporation
GMAC Commercial Mortgage Corporation,
as Master Servicer
Commercial Mortgage Pass-Through Certificates
LB Commercial Mortgage Trust
Series 1998-C1
ABN AMRO Acct: 677902702
Other Related Information
Statement Date: 06/18/98
Payment Date: 06/18/98
Prior Payment: 05/18/98
Record Date: 05/29/98
Accrued Prepayment Excess
CertificatePremiums and Prepayment
Class Interest Yld. Main. Int. Shortfalls
A-1 1,386,987.4 0.00 0.00
A-2 1,642,666.6 0.00 0.00
A-3 3,468,371.4 0.00 0.00
B 474,425.08 0.00 0.00
C 480,904.33 0.00 0.00
D 527,629.83 0.00 0.00
E 201,576.67 0.00 0.00
F 272,128.50 0.00 0.00
G 181,419.00 0.00 0.00
IO 1,724,475.8 0.00 0.00
H 90,709.50 0.00 0.00
J 226,773.75 0.00 0.00
K 90,709.50 0.00 0.00
L 90,709.50 0.00 0.00
M 158,821.05 0.00 0.00
Interest Prior Ending Actual
Reduction Unpaid Unpaid Distribution
Amounts Interest Interest Interest
0.00 0.00 0.00 1,386,987.42
0.00 0.00 0.00 1,642,666.67
0.00 0.00 0.00 3,468,371.40
0.00 0.00 0.00 474,425.08
0.00 0.00 0.00 480,904.33
0.00 0.00 0.00 527,629.83
0.00 0.00 0.00 201,576.67
0.00 0.00 0.00 272,128.50
0.00 0.00 0.00 181,419.00
0.00 0.00 0.00 1,724,475.87
0.00 0.00 0.00 90,709.50
0.00 0.00 0.00 226,773.75
0.00 0.00 0.00 90,709.50
0.00 0.00 0.00 90,709.50
0.00 0.00 38.45 158,782.60
Component Mortgage Pool
Beginning Loan Count 259
Ending Loan Count 259
Beginning Scheduled Balance of the
Mortgage 1,722,963,367.40
Ending Scheduled Balance of the
Mortgage Loa1,721,688,043.22
Weighted Average Remaining Term to
Maturity 148 months
ABN AMRO
LaSalle National Bank
Administrator:
Lora Peloquin (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Structured Asset Securities Corporation
GMAC Commercial Mortgage Corporation,
as Master Servicer
Commercial Mortgage Pass-Through Certificates
LB Commercial Mortgage Trust
Series 1998-C1
ABN AMRO Acct: 677902702
Other Related Information
Statement Date: 06/18/98
Payment Date: 06/18/98
Prior Payment: 05/18/98
Record Date: 05/29/98
Beg. Realized Cur. Realized
Losses & Trust Losses & Trust
Class Fund Expenses Fund Expenses
A-1 0.00 0.00
A-2 0.00 0.00
A-3 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
IO 0.00 0.00
H 0.00 0.00
J 0.00 0.00
K 0.00 0.00
L 0.00 0.00
M 0.00 0.00
Current month End. Realized
Reimbursement Losses & Trust
Fund Expenses
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
Aggregate of Realized Losses during
Collection Period 0.00
Aggregate of Additional Trust Fund
Expenses during Collection Period 0.00
Available Distribution Amount
########
Principal Distribution Amount
########
Aggregate amount of servicing compensation
to Master Servicer ########
Aggregate amount of servicing compensation
to Special Servicer 0.00
Prepayment Premiums and Yield Maintenance
Charges during Collection 0.00
Prepayment Premiums and Yield Maintenance
Charges since Cutoff Date 0.00
ABN AMRO
LaSalle National Bank
Administrator:
Lora Peloquin (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Structured Asset Securities Corporation
GMAC Commercial Mortgage Corporation,
as Master Servicer
Commercial Mortgage Pass-Through Certificates
LB Commercial Mortgage Trust
Series 1998-C1
ABN AMRO Acct: 677902702
Other Related Information
Statement Date: 06/18/98
Payment Date: 06/18/98
Prior Payment: 05/18/98
Record Date: 05/29/98
Maturity Date Extensions (
Since Deal Origination)
Maturity Date Number of
Status Loans
Extended 0
In Process * 0
Paid Off ** 0
Paid Off - Extended 0
In Process - Extende 0
Total 0
* In the process of extending at the
* Special Servicer
** Scheduled Principal Balance as of deal
origination
*** Currently Paid Off but had previously
been extended
**** Previously extended, in the process
of being extended again
Cut-off Principal Weighted Average
Balance Extension
0 0
0 0
0 0
0 0
0 0
0 0
ABN AMRO
LaSalle National Bank
Administrator:
Lora Peloquin (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Structured Asset Securities Corporation
GMAC Commercial Mortgage Corporation,
as Master Servicer
Commercial Mortgage Pass-Through
Certificates
LB Commercial Mortgage Trust
Series 1998-C1
ABN AMRO Acct: 677902702
Statement Date: 06/18/98
Payment Date: 06/18/98
Prior Payment: 05/18/98
Record Date: 05/29/98
DistributiDelinq 1 Month
Date # Balance
06/18/98 0 0
0.00% 0.000%
05/18/98 0 0
0.00% 0.000%
04/20/98 0 0
0.00% 0.000%
03/18/98 0 0
0.00% 0.000%
01/00/00 0 0
0.00% 0.000%
01/00/00 0 0
0.00% 0.000%
01/00/00 0 0
0.00% 0.000%
01/00/00 0 0
0.00% 0.000%
01/00/00 0 0
0.00% 0.000%
01/00/00 0 0
0.00% 0.000%
01/00/00 0 0
0.00% 0.000%
01/00/00 0 0
0.00% 0.000%
01/00/00 0 0
0.00% 0.000%
01/00/00 0 0
0.00% 0.000%
01/00/00 0 0
0.00% 0.000%
01/00/00 0 0
0.00% 0.000%
Delinq 2 Months Delinq 3+ Months
# Balance # Balance
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
Foreclosure/BankruptREO
# Balance # Balance
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
Modifications Prepayments
# Balance # Balance
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
Curr Weighted Avg.
Coupon Remit
7.7976% 7.6741%
7.6030% 7.4795%
7.7950% 7.6715%
7.2191% 7.0956%
0.0000% 0.0000%
0.0000% 0.0000%
0.0000% 0.0000%
0.0000% 0.0000%
0.0000% 0.0000%
0.0000% 0.0000%
0.0000% 0.0000%
0.0000% 0.0000%
0.0000% 0.0000%
0.0000% 0.0000%
0.0000% 0.0000%
0.0000% 0.0000%
ABN AMRO
LaSalle National Bank
Administrator:
Lora Peloquin (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Structured Asset Securities Corporation
GMAC Commercial Mortgage Corporation,
as Master Servicer
Commercial Mortgage Pass-Through Certificates
LB Commercial Mortgage Trust
Series 1998-C1
ABN AMRO Acct: 677902702
Statement Date: 06/18/98
Payment Date: 06/18/98
Prior Payment: 05/18/98
Record Date: 05/29/98
Delinquent Loan Detail
Paid
Disclosure Doc Thru
Control # Date
218 05/01/98
162 05/01/98
102 05/01/98
139 05/01/98
19 05/01/98
255 05/01/98
Outstanding
Current P&P&I
Advance Advances**
17,464.16 17,464.16
27,807.33 27,807.33
44,308.19 44,308.19
30,782.48 30,782.48
128,606.59128,606.59
7,438.46 7,438.46
256,407.21256,407.21
Out. Property Special
ProtectionAdvance Servicer
Advances DescriptioTransfer Date
0.00 B
0.00 B
0.00 B
0.00 B
0.00 B
0.00 B
0.00
ForeclosurBankruptcyREO
Date Date Date
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
ABN AMRO
LaSalle National Bank
Administrator:
Lora Peloquin (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Structured Asset Securities Corporation
GMAC Commercial Mortgage Corporation,
as Master Servicer
Commercial Mortgage Pass-Through Certificates
LB Commercial Mortgage Trust
Series 1998-C1
ABN AMRO Acct: 677902702
Pool Total
Statement Date: 06/18/98
Payment Date: 06/18/98
Prior Payment: 05/18/98
Record Date: 05/29/98
Distribution of Principal Balances
Current Scheduled Number Scheduled Based on
Balances of Loans Balance Balance
0to 500,000 0 0 0.00%
500,000to 1,000,000 6 5,003,892 0.29%
1,000,000to 1,500,000 7 8,589,853 0.50%
1,500,000to 2,000,000 17 30,395,012 1.77%
2,000,000to 2,500,000 30 68,103,020 3.96%
2,500,000to 3,000,000 16 44,880,608 2.61%
3,000,000to 3,500,000 13 42,570,618 2.47%
3,500,000to 4,000,000 13 48,671,708 2.83%
4,000,000to 5,000,000 34 149,151,611 8.66%
5,000,000to 6,000,000 27 149,892,360 8.71%
6,000,000to 7,000,000 19 123,125,615 7.15%
7,000,000to 8,000,000 8 59,813,849 3.47%
8,000,000to 9,000,000 8 68,793,357 4.00%
9,000,000to 10,000,000 12 115,427,745 6.70%
10,000,000to 11,000,000 5 51,676,032 3.00%
11,000,000to 12,000,000 9 105,299,202 6.12%
12,000,000to 13,000,000 7 88,228,007 5.12%
13,000,000to 14,000,000 2 26,925,762 1.56%
14,000,000to 15,000,000 6 86,155,474 5.00%
15,000,000& Above 20 448,984,321 26.08%
Total 259 1,721,688,043 100.00%
Average Scheduled Balance is 6,647,444
Maximum Scheduled Balance is 62,281,980
Minimum Scheduled Balance is 611,161
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Retail 103 792,276,429 46.02%
Multifamily 74 423,242,036 24.58%
Office 49 257,639,114 14.96%
Lodging 9 111,750,253 6.49%
Industrial 16 97,440,221 5.66%
Health Care 3 23,123,822 1.34%
Self Storage 3 11,088,903 0.64%
Mobile Home 1 2,885,785 0.17%
Other 1 2,241,479 0.13%
Total 2591,721,688,043 100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
7.00%or less 6 67,878,573 3.94%
7.00%to 7.13% 8 25,330,687 1.47%
7.13%to 7.38% 59 491,643,853 28.56%
7.38%to 7.63% 77 541,583,965 31.46%
7.63%to 7.88% 40 236,245,561 13.72%
7.88%to 8.13% 38 173,872,631 10.10%
8.13%to 8.38% 15 81,319,933 4.72%
8.38%to 8.63% 8 39,168,804 2.28%
8.63%to 8.88% 2 15,427,526 0.90%
8.88%to 9.13% 5 47,250,538 2.74%
9.13%to 9.38% 1 1,965,972 0.11%
9.38%to 9.63% 0 0 0.00%
9.63%to 9.88% 0 0 0.00%
9.88%to 10.13% 0 0 0.00%
10.13%& Above 0 0 0.00%
Total 259 1,721,688,043 100.00%
W/Avg Mortgage Interest Rate is 7.60%
Minimum Mortgage Interest Rate is 6.97%
Maximum Mortgage Interest Rate is 9.17%
ABN AMRO
LaSalle National Bank
Administrator:
Lora Peloquin (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Structured Asset Securities Corporation
GMAC Commercial Mortgage Corporation,
as Master Servicer
Commercial Mortgage Pass-Through Certificates
LB Commercial Mortgage Trust
Series 1998-C1
ABN AMRO Acct: 677902702
Pool Total
Statement Date: 06/18/98
Payment Date: 06/18/98
Prior Payment: 05/18/98
Record Date: 05/29/98
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 2521,687,561,319 98.02%
1+ to 2 years 7 34,126,724 1.98%
2+ to 3 years 0 0 0.00%
3+ to 4 years 0 0 0.00%
4+ to 5 years 0 0 0.00%
5+ to 6 years 0 0 0.00%
6+ to 7 years 0 0 0.00%
7+ to 8 years 0 0 0.00%
8+ to 9 years 0 0 0.00%
9+ to 10 years 0 0 0.00%
10 years or more 0 0 0.00%
Total 2591,721,688,043 100.00%
Weighted Aver 47.47%
Distribution of Remaining Term
Fully Amortizing
Fully Amortizing Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
60 months or less 1 62,281,980 3.62%
61 to 120 months 46 331,234,757 19.24%
121 to 180 months 14 138,648,504 8.05%
181 to 240 months 16 88,091,884 5.12%
241 to 360 months 7 46,397,455 2.69%
Total 84 666,654,580 38.72%
Weighted Averag 148
Distribution of DSCR
Debt Servi 0Number Scheduled Based on
Coverage R 0of Loans Balance Balance
0.5or less 0 0 0.00%
0.5001to 0.625 0 0 0.00%
0.6251to 0.75 0 0 0.00%
0.7501to 0.875 0 0 0.00%
0.8751to 1 0 0 0.00%
1.0001to 1.125 2 11,105,919 0.65%
1.1251to 1.25 1 6,723,554 0.39%
1.2501to 1.375 1 14,049,180 0.82%
1.3751to 1.5 0 0 0.00%
1.5001to 1.625 2 20,094,326 1.17%
1.6251to 1.75 0 0 0.00%
1.7501to 1.875 0 0 0.00%
1.8751to 2 0 0 0.00%
2.0001to 2.125 1 9,711,487 0.56%
2.1251& above 1 9,330,180 0.54%
Unknown 251 1,650,673,398 95.88%
Total 259 1,721,688,043 100.00%
Weighted Average Debt Service Coverage Ratio is 1.549354
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 23 134,489,339 7.81%
Amortizing Balloon 173 1,044,403,463 60.66%
Interest Only / Amortizing / Ba 2 10,630,000 0.62%
Other 61 532,165,242 30.91%
Total 259 1,721,688,043 100.00%
Distribution of Remaining Term
Balloon Loans
Balloon Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
12 months or less 0 0 0.00%
13 to 24 months 0 0 0.00%
25 to 36 months 0 0 0.00%
37 to 48 months 0 0 0.00%
49 to 60 months 3 12,969,862 0.75%
61 to 120 months 155 915,430,042 53.17%
121 to 180 months 14 102,962,349 5.98%
181 to 240 months 3 23,671,210 1.37%
Total 175 1,055,033,463 61.28%
Weighted Averag 114.1900
NOI Aging
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 0 0 0.00%
1 to 2 years 0 0 0.00%
2 Years or More 0 0 0.00%
Unknown 259 1,721,688,043 100.00%
Total 259 1,721,688,043 100.00%
ABN AMRO
LaSalle National Bank
Administrator:
Lora Peloquin (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Structured Asset Securities Corporation
GMAC Commercial Mortgage Corporation, as
Master Servicer
Commercial Mortgage Pass-Through Certificates
LB Commercial Mortgage Trust
Series 1998-C1
ABN AMRO Acct: 677902702
Loan Level Detail
Statement Date: 06/18/98
Payment Date: 06/18/98
Prior Payment: 05/18/98
Record Date: 05/29/98
Property
Disclosure Type Maturity
Control # Group Code Date DSCR
1SASC98C1 Retail 01/01/03
2SASC98C1 Retail 01/01/13
3SASC98C1 Multifamily 01/01/08
5SASC98C1 Retail 07/01/07
6SASC98C1 Lodging 12/01/07
7SASC98C1 Retail 01/01/08
8SASC98C1 Lodging 12/01/07
9SASC98C1 Retail 10/01/07
10SASC98C1 Retail 12/01/04
11SASC98C1 Retail 08/01/09
12SASC98C1 Office 12/01/07
13SASC98C1 Multifamily 01/01/11
14SASC98C1 Office 11/01/12
15SASC98C1 Lodging 11/01/07 1.59
16SASC98C1 Retail 12/01/07
17SASC98C1 Industrial 12/01/17
18SASC98C1 Lodging 11/01/07
19SASC98C1 Retail 11/01/04
20SASC98C1 Multifamily 01/01/05
22SASC98C1 Multifamily 10/01/07
23SASC98C1 Multifamily 01/01/05
24SASC98C1 Retail 06/01/12
25SASC98C1 Industrial 01/01/08
26SASC98C1 Multifamily 12/01/07
27SASC98C1 Retail 01/01/13 1.36
28SASC98C1 Retail 12/01/07
29SASC98C1 Multifamily 12/01/22
30SASC98C1 Retail 05/01/07
31SASC98C1 Retail 01/01/13
32SASC98C1 Lodging 01/01/13
33SASC98C1 Multifamily 01/01/05
34SASC98C1 Retail 12/01/12
35SASC98C1 Retail 11/01/17
36SASC98C1 Retail 01/01/08
37SASC98C1 Retail 11/01/07
38SASC98C1 Retail 02/01/28
39SASC98C1 Retail 01/01/08
40SASC98C1 Multifamily 01/01/23
41SASC98C1 Office 12/01/07
42SASC98C1 Multifamily 12/01/07
43SASC98C1 Office 01/01/08
44SASC98C1 Retail 11/01/04
45SASC98C1 Retail 01/01/08
46SASC98C1 Office 12/01/07
47SASC98C1 Multifamily 10/01/04
48SASC98C1 Lodging 01/01/18
49SASC98C1 Retail 12/01/07
50SASC98C1 Retail 12/01/07
51SASC98C1 Multifamily 01/01/08
52SASC98C1 Retail 01/01/13
53SASC98C1 Office 10/01/07
54SASC98C1 Multifamily 10/01/07
55SASC98C1 Industrial 10/01/07
56SASC98C1 Health Care 12/01/07 2.05
57SASC98C1 Multifamily 11/01/07
58SASC98C1 Office 01/01/08
59SASC98C1 Retail 11/01/07
60SASC98C1 Industrial 09/01/07
61SASC98C1 Retail 01/01/08
62SASC98C1 Office 10/01/07 2.13
63SASC98C1 Retail 06/01/07
64SASC98C1 Industrial 01/01/18
65SASC98C1 Multifamily 04/01/07
66SASC98C1 Multifamily 12/01/07
67SASC98C1 Retail 08/01/07
68SASC98C1 Multifamily 01/01/23 1.01
69SASC98C1 Retail 01/01/08
70SASC98C1 Office 12/01/07
71SASC98C1 Retail 08/01/07
72SASC98C1 Retail 12/01/07
73SASC98C1 Multifamily 12/01/04
74SASC98C1 Retail 12/01/12
75SASC98C1 Health Care 12/01/07
76SASC98C1 Multifamily 09/01/07
77SASC98C1 Retail 01/01/08
78SASC98C1 Multifamily 01/01/08
79SASC98C1 Retail 12/01/07
80SASC98C1 Retail 01/01/08
81SASC98C1 Retail 12/01/07
82SASC98C1 Retail 12/01/12
83SASC98C1 Lodging 12/01/07
84SASC98C1 Retail 01/01/08
85SASC98C1 Retail 03/01/04 1.15
86SASC98C1 Retail 01/01/08
87SASC98C1 Retail 06/01/07
88SASC98C1 Office 11/01/07
89SASC98C1 Retail 11/01/07
90SASC98C1 Industrial 11/01/04
91SASC98C1 Retail 12/01/12
92SASC98C1 Multifamily 10/01/17
93SASC98C1 Office 07/01/07
94SASC98C1 Office 08/01/07
95SASC98C1 Retail 05/01/07
96SASC98C1 Retail 08/01/07
97SASC98C1 Retail 11/01/07
98SASC98C1 Retail 01/01/13
99SASC98C1 Retail 02/01/08
100SASC98C1 Retail 02/01/18
101SASC98C1 Office 01/01/08
102SASC98C1 Health Care 01/01/13
103SASC98C1 Retail 01/01/08
104SASC98C1 Retail 11/01/12
105SASC98C1 Office 10/01/07
106SASC98C1 Multifamily 03/01/04
107SASC98C1 Multifamily 11/01/07
108SASC98C1 Retail 12/01/07
109SASC98C1 Office 08/01/07
110SASC98C1 Office 01/01/08
111SASC98C1 Industrial 11/01/07
112SASC98C1 Retail 03/01/17
113SASC98C1 Multifamily 03/01/04
114SASC98C1 Office 01/01/03
115SASC98C1 Office 08/01/07
116SASC98C1 Multifamily 12/01/04
117SASC98C1 Retail 11/01/17
118SASC98C1 Retail 11/01/07
119SASC98C1 Multifamily 12/01/07
120SASC98C1 Multifamily 09/01/07
121SASC98C1 Multifamily 12/01/22
122SASC98C1 Retail 12/01/07
123SASC98C1 Retail 01/01/05
124SASC98C1 Office 01/01/03
125SASC98C1 Multifamily 10/01/07
126SASC98C1 Office 11/01/07
127SASC98C1 Retail 11/01/07
128SASC98C1 Office 01/01/18
129SASC98C1 Retail 11/01/07
130SASC98C1 Self Storag 08/01/07
131SASC98C1 Lodging 11/01/17
132SASC98C1 Office 12/01/04
133SASC98C1 Office 12/01/04
134SASC98C1 Retail 12/01/07
135SASC98C1 Retail 12/01/07
136SASC98C1 Multifamily 12/01/04
137SASC98C1 Self Storag 12/01/07
138SASC98C1 Office 08/01/07
139SASC98C1 Office 12/01/07
140SASC98C1 Office 12/01/04
141SASC98C1 Multifamily 01/01/08
142SASC98C1 Retail 12/01/07
143SASC98C1 Industrial 01/01/08
144SASC98C1 Retail 10/01/12
145SASC98C1 Retail 01/01/08
146SASC98C1 Office 10/01/04
147SASC98C1 Retail 01/01/08
148SASC98C1 Multifamily 01/01/05
149SASC98C1 Office 08/01/07
150SASC98C1 Multifamily 01/01/05
151SASC98C1 Retail 01/01/08
152SASC98C1 Retail 01/01/08
153SASC98C1 Multifamily 12/01/07
154SASC98C1 Retail 12/01/07
155SASC98C1 Multifamily 10/01/07
156SASC98C1 Retail 12/01/04
157SASC98C1 Industrial 01/01/05
158SASC98C1 Retail 11/01/04
159SASC98C1 Office 01/01/18
160SASC98C1 Retail 01/01/08
161SASC98C1 Office 01/01/08
162SASC98C1 Multifamily 09/01/07
163SASC98C1 Multifamily 09/01/04
164SASC98C1 Retail 11/01/07
165SASC98C1 Retail 11/01/07
166SASC98C1 Retail 06/01/07
167SASC98C1 Multifamily 12/01/07
168SASC98C1 Industrial 11/01/12
169SASC98C1 Retail 01/01/13
170SASC98C1 Multifamily 12/01/04
171SASC98C1 Multifamily 11/01/12
172SASC98C1 Multifamily 11/01/07
173SASC98C1 Office 12/01/07
174SASC98C1 Office 01/01/08
175SASC98C1 Retail 11/01/07
176SASC98C1 Retail 01/01/08
177SASC98C1 Retail 10/01/07
178SASC98C1 Retail 11/01/07
179SASC98C1 Multifamily 12/01/04
180SASC98C1 Multifamily 07/01/04
181SASC98C1 Industrial 12/01/17
182SASC98C1 Retail 12/01/07
183SASC98C1 Retail 12/01/07
184SASC98C1 Multifamily 01/01/08
185SASC98C1 Multifamily 11/01/07
186SASC98C1 Multifamily 02/01/08
187SASC98C1 Office 12/01/07
188SASC98C1 Retail 11/01/07
189SASC98C1 Office 12/01/17
190SASC98C1 Multifamily 06/01/07
191SASC98C1 Mobile Home 02/01/08
192SASC98C1 Multifamily 01/01/08
193SASC98C1 Multifamily 12/01/04
194SASC98C1 Multifamily 03/01/04
195SASC98C1 Multifamily 11/01/07
196SASC98C1 Multifamily 03/01/04
197SASC98C1 Lodging 01/01/21
198SASC98C1 Retail 11/01/07
199SASC98C1 Multifamily 12/01/22
200SASC98C1 Retail 01/01/13
201SASC98C1 Office 08/01/07
202SASC98C1 Office 12/01/07
203SASC98C1 Industrial 01/01/08
204SASC98C1 Multifamily 12/01/04
205SASC98C1 Multifamily 10/01/12
206SASC98C1 Retail 08/01/04
207SASC98C1 Multifamily 07/01/07 1.08
208SASC98C1 Office 01/01/05
209SASC98C1 Industrial 02/01/08
210SASC98C1 Retail 10/01/07
211SASC98C1 Multifamily 12/01/07
212SASC98C1 Office 12/01/02
213SASC98C1 Industrial 10/01/07
214SASC98C1 Retail 12/01/07
215SASC98C1 Multifamily 11/01/07
216SASC98C1 Retail 11/01/07
217SASC98C1 Other 01/01/08
218SASC98C1 Office 11/01/07 1.62
219SASC98C1 Office 01/01/08
220SASC98C1 Multifamily 01/01/08
221SASC98C1 Office 12/01/17
222SASC98C1 Office 02/01/08
223SASC98C1 Retail 10/01/07
224SASC98C1 Multifamily 11/01/07
225SASC98C1 Multifamily 02/01/08
226SASC98C1 Retail 12/01/07
227SASC98C1 Retail 10/01/07
228SASC98C1 Office 01/01/08
229SASC98C1 Retail 01/01/08
230SASC98C1 Multifamily 01/01/08
231SASC98C1 Multifamily 01/01/08
232SASC98C1 Self Storag 12/01/07
233SASC98C1 Multifamily 12/01/07
234SASC98C1 Multifamily 10/01/07
235SASC98C1 Office 06/01/17
236SASC98C1 Retail 11/01/07
237SASC98C1 Multifamily 11/01/07
238SASC98C1 Multifamily 12/01/07
239SASC98C1 Retail 01/01/13
240SASC98C1 Multifamily 03/01/04
241SASC98C1 Multifamily 11/01/07
242SASC98C1 Office 10/01/07
243SASC98C1 Multifamily 11/01/07
244SASC98C1 Industrial 11/01/07
245SASC98C1 Office 11/01/22
246SASC98C1 Retail 11/01/07
247SASC98C1 Office 01/01/13
248SASC98C1 Retail 11/01/12
249SASC98C1 Retail 12/01/17
250SASC98C1 Retail 01/01/13
251SASC98C1 Multifamily 06/01/04
252SASC98C1 Retail 12/01/16
253SASC98C1 Office 08/01/07
254SASC98C1 Industrial 11/01/12
255SASC98C1 Multifamily 09/01/07
256SASC98C1 Multifamily 11/01/17
257SASC98C1 Multifamily 12/01/07
258SASC98C1 Retail 10/01/07
259SASC98C1 Retail 11/01/12
260SASC98C1 Retail 12/01/07
261SASC98C1 Office 12/01/07
Operating Ending
Statement Principal Note
Date State Balance Rate
MD 62,281,980 7.5800%
OH 41,840,916 7.2000%
PA 33,073,978 7.1900%
NY 22,561,182 8.2200%
IL 20,283,774 7.3600%
CA 19,926,970 7.3700%
FL 19,869,957 7.5200%
WA 19,405,946 7.9900%
TX 19,162,908 6.9700%
TN 18,887,207 8.0400%
NY 18,414,483 7.3900%
NJ 18,251,202 7.2400%
CT 18,214,634 7.6900%
12/31/97UT 17,859,539 7.4300%
MO 17,685,286 7.5700%
NY 17,607,762 7.5000%
NJ 16,375,000 7.6000%
PA 16,127,294 8.9200%
NV 16,032,979 6.9800%
IL 15,121,322 7.7000%
NV 14,763,286 6.9800%
CA 14,685,665 9.0500%
MA 14,507,976 7.4700%
NV 14,146,567 7.1300%
12/31/97CA 14,049,180 7.4300%
FL 14,002,800 7.3500%
GA 13,635,367 7.5500%
PA 13,290,395 8.5240%
IN 12,951,286 7.2500%
UT 12,926,557 7.4100%
NV 12,811,445 6.9800%
NY 12,550,580 7.6900%
GA 12,442,333 7.7400%
MA 12,302,920 7.1700%
PA 12,242,886 7.7100%
PA 11,964,961 7.6300%
TN 11,956,182 7.3700%
FL 11,955,799 7.6000%
IL 11,949,406 7.3800%
NC 11,949,173 7.3600%
FL 11,431,958 7.1350%
MA 11,441,137 7.2800%
MN 11,396,482 7.1800%
NJ 11,254,103 7.5410%
TX 10,533,874 7.3600%
OH 10,402,533 7.3750%
AZ 10,358,532 7.6200%
FL 10,268,720 7.3500%
CA 10,112,373 7.3000%
NC 9,963,009 7.3100%
CT 9,948,957 7.7580%
NV 9,946,093 7.5300%
NY 9,868,137 8.0200%
12/31/97FL 9,711,487 7.6600%
CA 9,702,397 7.4900%
FL 9,544,377 7.2600%
DE 9,455,276 7.6500%
NY 9,449,063 8.1200%
AZ 9,364,851 7.2600%
12/31/97MD 9,330,180 8.3500%
TX 9,143,918 8.6410%
MD 8,821,827 7.8300%
CA 8,836,912 8.5700%
GA 8,723,406 7.4200%
TX 8,699,091 8.1200%
12/31/97NC 8,648,654 7.1500%
CA 8,568,393 7.3400%
NY 8,439,515 7.4100%
AZ 8,055,560 8.3500%
AL 7,966,504 7.4100%
OH 7,962,283 7.2900%
VA 7,717,325 7.3800%
CA 7,444,766 7.1300%
TX 7,293,951 7.5500%
AZ 7,174,441 7.5000%
FL 7,172,728 7.2000%
IN 7,081,849 7.6500%
OR 6,971,760 7.1400%
TX 6,970,961 7.4500%
FL 6,850,725 7.3400%
MD 6,757,870 7.7900%
NY 6,726,914 7.6700%
12/31/97TX 6,723,554 8.1500%
TX 6,575,427 7.2800%
CO 6,554,262 8.9300%
WA 6,493,787 7.5800%
AR 6,452,793 7.8400%
NJ 6,450,843 7.6100%
IN 6,374,060 7.5500%
NC 6,347,307 8.2800%
NY 6,283,608 8.8400%
MN 6,211,065 8.5200%
TX 6,154,152 9.0230%
MD 6,112,382 7.9200%
CA 6,106,741 8.0200%
IN 6,007,404 7.2500%
NY 5,981,697 7.4200%
NY 5,953,519 7.2800%
WA 5,977,371 7.2200%
NY 5,967,568 7.6700%
WV 5,961,435 7.7700%
MD 5,952,609 7.3600%
AZ 5,870,457 7.7800%
FL 5,857,554 8.0000%
FL 5,771,489 7.4600%
CA 5,677,906 7.7400%
CT 5,592,190 8.1100%
GA 5,580,164 7.5100%
FL 5,574,354 7.7700%
MO 5,519,913 7.5300%
FL 5,505,496 8.0000%
CA 5,520,000 7.0300%
CT 5,444,612 8.3050%
MI 5,375,038 7.3900%
CA 5,368,104 8.0700%
AZ 5,324,756 7.6400%
TX 5,253,419 7.5100%
TX 5,231,688 7.5500%
TX 5,166,428 7.5600%
AL 5,166,481 7.9700%
TX 5,116,128 7.3400%
CA 5,110,000 7.0300%
TN 5,071,982 7.4500%
CT 4,977,885 7.9200%
TX 4,960,780 7.4000%
MO 4,805,816 7.5300%
CA 4,677,156 7.5100%
MA 4,623,836 8.1700%
TN 4,592,444 7.8300%
VA 4,580,064 7.2600%
TX 4,480,720 7.3100%
AZ 4,479,887 7.5600%
MO 4,479,847 7.5500%
OK 4,478,363 7.1900%
FL 4,472,370 7.8400%
CT 4,473,752 8.1100%
TN 4,431,752 7.5000%
SC 4,431,021 7.3300%
TX 4,382,319 7.1600%
FL 4,381,747 7.4500%
IN 4,350,409 7.4400%
MA 4,327,646 7.7300%
OH 4,309,070 7.3300%
SC 4,307,695 7.7200%
PA 4,285,099 7.6100%
AZ 4,280,040 7.2900%
CT 4,274,918 8.1100%
OR 4,234,814 7.4700%
WA 4,184,796 7.4100%
IN 4,184,180 7.2260%
SC 4,181,922 7.2900%
CO 4,183,947 8.3400%
TN 4,137,146 7.4500%
KY 4,083,383 7.5500%
IA 4,054,865 7.4400%
AL 4,049,766 7.4100%
NY 4,012,155 7.3200%
PA 3,986,138 7.6100%
TX 3,985,235 7.3200%
TX 3,975,447 7.5500%
NY 3,878,115 7.9574%
PA 3,783,153 7.9100%
MA 3,733,452 7.9300%
KY 3,729,164 8.9800%
SC 3,684,075 7.2900%
CT 3,632,318 8.0400%
FL 3,587,165 7.4800%
TN 3,583,194 7.3400%
CA 3,581,860 7.3500%
AL 3,532,391 7.4200%
NJ 3,487,617 8.1200%
MN 3,479,584 7.2200%
FL 3,408,316 7.5000%
TX 3,387,341 7.2800%
WA 3,344,663 7.7300%
KS 3,298,434 7.7900%
KS 3,283,945 7.1300%
TX 3,260,258 8.2800%
CA 3,166,202 7.8400%
TX 3,137,410 7.6100%
IL 3,123,936 8.1300%
MN 3,107,978 7.1200%
OH 3,084,933 7.5100%
TX 2,990,022 6.9800%
FL 2,982,139 8.0100%
FL 2,986,134 7.7300%
AR 2,967,790 7.7050%
CT 2,977,000 8.4300%
VA 2,885,785 7.1100%
CA 2,789,280 7.1500%
CO 2,786,929 7.3400%
TX 2,770,465 8.0000%
NE 2,728,578 7.4400%
TX 2,691,309 8.0000%
SC 2,682,578 7.9700%
CO 2,687,084 7.5800%
NY 2,680,943 7.4000%
TX 2,640,027 7.2300%
CT 2,634,543 8.1100%
FL 2,489,820 7.5300%
NY 2,478,663 7.8600%
SC 2,488,214 7.2900%
AZ 2,487,582 7.8700%
NE 2,487,672 8.4600%
12/31/97TX 2,457,265 8.4400%
FL 2,466,021 7.4000%
NV 2,392,188 7.0900%
TX 2,388,049 7.8600%
TX 2,340,274 7.4600%
TX 2,339,862 7.2800%
NJ 2,330,736 7.8180%
GA 2,286,005 7.8900%
GA 2,287,704 7.4500%
FL 2,283,793 8.0100%
NY 2,241,479 7.4600%
12/31/97FL 2,234,786 8.2400%
FL 2,189,832 7.5200%
MO 2,191,090 7.1200%
MD 2,165,867 7.4900%
NY 2,143,721 7.6400%
GA 2,140,133 8.1900%
KS 2,137,832 7.1600%
TX 2,117,933 6.9800%
VA 2,117,297 8.0200%
PA 2,110,099 8.1200%
NY 2,092,896 7.7200%
FL 2,092,562 7.5100%
FL 2,091,909 7.1200%
MO 2,031,738 7.1200%
LA 1,992,697 7.9900%
OH 1,991,509 7.3500%
TN 1,989,013 7.4500%
AZ 1,965,972 9.1700%
AZ 1,965,687 8.0800%
SC 1,940,904 7.6900%
CO 1,842,467 7.5300%
TX 1,818,264 7.3200%
VA 1,741,435 8.0000%
TX 1,737,200 7.8000%
CA 1,736,631 8.2000%
GA 1,735,619 7.5600%
CA 1,662,531 7.7000%
CA 1,618,522 8.4000%
MA 1,592,206 7.5000%
GA 1,542,029 7.9600%
FL 1,522,326 8.0800%
SC 1,444,627 7.5400%
TX 1,345,280 7.5700%
TX 1,289,973 8.4000%
TX 1,235,758 8.0500%
CT 1,118,438 8.1100%
FL 1,092,345 8.0800%
TX 1,063,432 7.5500%
FL 987,365 7.6600%
CA 956,063 7.5000%
FL 942,850 8.2800%
FL 844,085 8.0800%
IN 662,367 7.6500%
AL 611,161 8.1700%
###########
Loan
Scheduled Prepayment Status
P&I PrepaymentDate Code (1)
440,438 0
285,091 0
225,133 0
170,059 0
148,901 0
138,067 0
148,059 0
142,948 0
127,696 0
139,945 0
127,964 0
124,850 0
130,346 0
132,200 0
132,352 0
143,396 0
123,009 -1
129,817 0 B
106,898 0
108,370 0
98,432 0
125,130 0
101,507 0
95,783 0
97,914 0
96,887 0
101,910 0
103,262 0
88,683 0
95,309 0
85,418 0
89,746 0
103,362 0
83,580 0
87,779 0
84,977 0
82,840 0
84,729 0
82,922 0
82,758 0
82,273 0
78,684 0
77,499 0
79,329 0
73,103 0
83,787 0
73,575 0
71,050 0
69,585 0
68,625 0
71,697 0
70,127 0
83,769 0
69,245 0
68,107 0
69,451 0
67,404 0
70,504 0
64,188 0
74,744 0
71,661 0
73,504 0
68,991 0
60,772 0
64,938 0
62,325 0
59,193 0
58,737 0
61,423 0
55,445 0
54,791 0
53,554 0
53,633 0
51,567 0
50,343 0
48,873 0
50,446 0
47,231 0
48,706 0
47,354 0
51,541 0
47,985 0
50,558 0
45,158 0
52,773 0
45,982 0
49,481 0
48,500 0
44,969 0
50,589 0
52,595 0
48,146 0
49,989 0
44,784 0
47,548 0
41,135 0
41,625 0
47,905 0
40,809 0
45,005 0 B
46,718 0
43,795 0
42,391 0
43,439 0
40,396 0
40,796 0
41,706 0
39,194 0
40,197 0
45,863 0
40,828 0
33,416 0
41,344 0
37,352 0
40,781 0
37,922 0
36,920 0
36,987 0
38,631 0
40,031 0
35,344 0
30,934 0
35,485 0
36,410 0
36,625 0
39,160 0
32,895 0
39,811 0
38,404 0
31,411 0
30,881 0
31,650 0
31,619 0
30,515 0
34,256 0
33,365 0
31,115 0 B
30,599 0
29,748 0
30,615 0
32,160 0
31,104 0
29,739 0
30,931 0
30,391 0
29,423 0
31,882 0
29,629 0
29,109 0
28,583 0
28,765 0
31,819 0
28,945 0
28,808 0
30,427 0
28,208 0
32,182 0
28,270 0
27,477 0
28,106 0 B
28,507 0
27,645 0
27,333 0
30,119 0
25,341 0
30,831 0
25,122 0
24,778 0
24,803 0
24,628 0
25,975 0
25,231 0
23,948 0
23,263 0
25,448 0
23,841 0
22,244 0
24,711 0
26,448 0
22,263 0
23,288 0
21,009 0
21,697 0
19,919 0
23,174 0
21,451 0
24,545 0
22,919 0
20,701 0
18,911 0
19,272 0
20,545 0
20,215 0
19,958 0
21,371 0
19,027 0
19,777 0
18,042 0
19,648 0
17,532 0
20,694 0
17,122 0
18,118 0
19,152 0
21,601 0
17,136 0
16,113 0
17,377 0
16,367 0
16,079 0
17,855 0
17,585 0
16,003 0
17,767 0
15,671 0
17,725 0 B
15,885 0
14,814 0
17,629 0
15,240 0
16,062 0
14,536 0
14,109 0
15,622 0
15,734 0
15,001 0
14,698 0
14,141 0
13,737 0
14,661 0
13,779 0
13,916 0
18,214 0
14,602 0
13,889 0
12,973 0
12,536 0
12,914 0
13,276 0
13,739 0
12,266 0
12,597 0
13,016 0
11,187 0
11,922 0
14,409 0
11,797 0
9,504 0
9,904 0
10,720 0
8,341 0
8,548 0
7,518 0 B
8,154 0
6,712 0
7,509 0
6,606 0
4,718 0
4,816 0
(1)
* NOI and DSCR, if available and reportable
* under the terms of the trus
are based on information obtained from the related
borrower, and no other p
shall be held liable for the
accuracy or methodology used to determine
such figures.
(1) Legend:
A. P&I Adv - in Grace Period
B. 3. P&I Adv - delinquent 3+ months
C. P&I Adv - < one month deli
D. 4. Mat. Balloon/Assumed P&I
1. P&I Adv - delinquent 1 mon
2. 5. Prepaid in Full
3. P&I Adv - delinquent 2 mon
4. 6. Specially Serviced
7. Foreclosure 11. Modification
8. Bankruptcy
9. REO
10. DPO
_
