SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: May 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
4.2. Class A-1, Class A-2, Class A-3, Class B,
4.3. Class C, Class D, Class E and Class IO
4.4. (collectively, the "Underwritten Certificates"),
4.5. were registered under the Registrant's
4.6. registration statement on Form S-3 (no. 33-96378)
4.7. and sold to Lehman Brother's Inc. (the
4.8. "Underwriter") pursuant to an underwriting agreement
4.9. (the "Underwriting Agreement") entered into by and
4.10. between the Registrant and the Underwriter. The
4.11. underwriting Agreement is attached hereto as
4.12. 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: May 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
Series 1998-C1
ABN AMRO Acct: 677902702
Statement Date: 05/18/98
Payment Date: 05/18/98
Prior Payment: 04/20/98
Record Date: 04/30/98
WAC: 0.076030203
WAMM: 128.2977252
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
Series 1998-C1
ABN AMRO Acct: 677902702
Statement Date 05/18/98
Payment Date: 05/18/98
Prior Payment: 04/20/98
Record Date: 04/30/98
WAC: 0.076030203
WAMM: 128.2977252
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 267,810,000.00 264,478,800.16
501773AZ8 1000 987.5613314
A-2 308,000,000.00 308,000,000.00
501773BA2 1000 1000
A-3 642,291,000.00 642,291,000.00
501773BB0 1000 1000
B 86,390,000.00 86,390,000.00
501773BC8 1000 1000
C 86,390,000.00 86,390,000.00
501773BD6 1000 1000
D 90,710,000.00 90,710,000.00
501773BE4 1000 1000
E 34,556,000.00 34,556,000.00
501773BF1 1000 1000
F 51,834,000.00 51,834,000.00
501773BG9 1000 1000
G 34,556,000.00 34,556,000.00
501773BH7 1000 1000
IO 1,727,817,629.0N 1,724,486,429.16
501773AY1 1000 998.0720188
H 17,278,000.00 17,278,000.00
501773BJ3 1000 1000
J 43,195,000.00 43,195,000.00
501773BK0 1000 1000
K 17,278,000.00 17,278,000.00
501773BL8 1000 1000
L 17,278,000.00 17,278,000.00
501773BM6 1000 1000
M 30,251,629.00 30,251,629.00
501773BN4 1000 1000
1,727,817,629.00 1,724,486,429.16
Principal Principal Negative
Payment Adj. or Loss Amortization
Per $1,000 Per $1,000 Per $1,000
1,542,796.93 0.00 0.00
5.760789104 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
1,542,796.93 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)
262,936,003.23 1,395,125.67 0.00 0.0633
981.8005423 5.20938602 0 0.0633
308,000,000.00 1,642,666.67 0.00 0.064
1000 5.333333344 0 0.064
642,291,000.00 3,468,371.40 0.00 0.0648
1000 5.4 0 0.0648
86,390,000.00 474,425.08 0.00 0.0659
1000 5.491666628 0 0.0659
86,390,000.00 480,904.33 0.00 0.0668
1000 5.566666628 0 0.0668
90,710,000.00 527,629.83 0.00 0.0698
1000 5.81666663 0 0.0698
34,556,000.00 201,576.67 0.00 0.07
1000 5.83333343 0 0.07
51,834,000.00 272,128.50 0.00 0.063
1000 5.25 0 0.063
34,556,000.00 181,419.00 0.00 0.063
1000 5.25 0 0.063
############## 1,446,631.96 0.00 0.010066524
997.1791023 0.837259637 0 0.011955182
17,278,000.00 90,709.50 0.00 0.063
1000 5.25 0 0.063
43,195,000.00 226,773.75 0.00 0.063
1000 5.25 0 0.063
17,278,000.00 90,709.50 0.00 0.063
1000 5.25 0 0.063
17,278,000.00 90,709.50 0.00 0.063
1000 5.25 0 0.063
30,251,629.00 158,821.05 0.00 0.063
1000 5.249999926 0 0.063
############## 10,748,725.43 0.00
Total P&I Payment 12,291,522.36
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
Series 1998-C1
ABN AMRO Acct: 677902702
Statement Date 05/18/98
Payment Date: 05/18/98
Prior Payment: 04/20/98
Record Date: 04/30/98
WAC: 0.076030203
WAMM: 128.2977252
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
R-III 0.00 0.00
9ABSA999 0 0
1,727,817,629.00 1,724,486,429.16
Principal Principal Negative
Payment Adj. or Loss Amortization
Per $1,000 Per $1,000 Per $1,000
0.00 0.00 0.00
0 0 0
1,542,796.93 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)
0.00 123.02 0.00
0 7.11988E-05 0
############## 10,748,725.43
Total P&I Payment 12,291,522.36
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
Series 1998-C1
ABN AMRO Acct: 677902702
Statement Date 35933
Payment Date: 35933
Prior Payment: 35905
Record Date: 35915
WAC: 0.076030203
WAMM: 128.2977252
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 267,810,000.00 264,478,800.16
1000 987.5613314
A-2 308,000,000.00 308,000,000.00
1000 1000
A-3 642,291,000.00 642,291,000.00
1000 1000
B 86,390,000.00 86,390,000.00
1000 1000
C 86,390,000.00 86,390,000.00
1000 1000
D 90,710,000.00 90,710,000.00
1000 1000
E 34,556,000.00 34,556,000.00
1000 1000
F 51,834,000.00 51,834,000.00
1000 1000
G 34,556,000.00 34,556,000.00
1000 1000
H 17,278,000.00 17,278,000.00
1000 1000
J 43,195,000.00 43,195,000.00
1000 1000
K 17,278,000.00 17,278,000.00
1000 1000
L 17,278,000.00 17,278,000.00
1000 1000
M 30,251,629.00 30,251,629.00
1000 1000
R-II 0.00 0.00
9ABSA998 0 0
1,727,817,629.00 1,724,486,429.16
Principal Principal Negative
Payment Adj. or Loss Amortization
Per $1,000 Per $1,000 Per $1,000
1,542,796.93 0.00 0.00
5.760789104 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
0.00 0.00 0.00
0 0 0
1,542,796.93 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)
262,936,003.23 1,648,477.73 0.00 0.074795155
981.8005423 6.155400209 0 0.076683813
308,000,000.00 1,919,742.30 0.00 0.074795155
1000 6.232929545 0 0.076683813
642,291,000.00 4,003,354.55 0.00 0.074795155
1000 6.232929544 0 0.076683813
86,390,000.00 538,462.78 0.00 0.074795155
1000 6.232929506 0 0.076683813
86,390,000.00 538,462.78 0.00 0.074795155
1000 6.232929506 0 0.076683813
90,710,000.00 565,389.04 0.00 0.074795155
1000 6.232929556 0 0.076683813
34,556,000.00 215,385.11 0.00 0.074795155
1000 6.232929448 0 0.076683813
51,834,000.00 323,077.67 0.00 0.074795155
1000 6.232929544 0 0.076683813
34,556,000.00 215,385.11 0.00 0.074795155
1000 6.232929448 0 0.076683813
17,278,000.00 107,692.56 0.00 0.074795155
1000 6.232929737 0 0.076683813
43,195,000.00 269,231.39 0.00 0.074795155
1000 6.232929506 0 0.076683813
17,278,000.00 107,692.56 0.00 0.074795155
1000 6.232929737 0 0.076683813
17,278,000.00 107,692.56 0.00 0.074795155
1000 6.232929737 0 0.076683813
30,251,629.00 188,556.27 0.00 0.074795155
1000 6.232929473 0 0.076683813
0.00 123.02 0.00
0 7.11988E-05 0
############## 10,748,725.43 0.00
Total P&I Payment 12,291,522.36
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
Series 1998-C1
ABN AMRO Acct: 677902702
Statement Date 05/18/98
Payment Date: 05/18/98
Prior Payment: 04/20/98
Record Date: 04/30/98
WAC: 0.076030203
WAMM: 128.2977252
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Regular Intere1,727,837,364.17 1,724,506,164.33
1000 998.0720409
R-I 0.00 0.00
9ABSA997 0 0
1,727,837,364.17 1,724,506,164.33
Principal Principal Negative
Payment Adj. or Loss Amortization
Per $1,000 Per $1,000 Per $1,000
1,542,796.93 0.00 0.00
0.892906336 0 0
0.00 0.00 0.00
0 0 0
1,542,796.93 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)
############## 10,748,725.43 0.00 0.074795155
997.1791345 6.220912716 0 0.076683813
0.00 0.00 0.00
0 0 0
############## 10,748,725.43 0.00
Total P&I Payment 12,291,522.36
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
Series 1998-C1
ABN AMRO Acct: 677902702
Other Related Information
Statement Date: 05/18/98
Payment Date: 05/18/98
Prior Payment: 04/20/98
Record Date: 04/30/98
Accrued Prepayment Excess
CertificatePremiums and Prepayment
Class Interest Yld. Main. Int. Shortfalls
A-1 1,395,125.6 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 1,446,631.9 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 1,395,125.67
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 1,446,631.96
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 0.00 158,821.05
Component Mortgage Pool
Beginning Loan Count 259
Ending Loan Count 259
Beginning Scheduled Balance of the
Mortgage ############
Ending Scheduled Balance of the
Mortgage Loa############
Weighted Average Remaining Term to
Maturity 149 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
Series 1998-C1
ABN AMRO Acct: 677902702
Other Related Information
Statement Date: 35933
Payment Date: 35933
Prior Payment: 35905
Record Date: 35915
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 Per 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 Collecti 0.00
Prepayment Premiums and Yield Maintenance
Charges since Cutoff Da 0.00
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
Series 1998-C1
ABN AMRO Acct: 677902702
Other Related Information
Statement Date: 35933
Payment Date: 35933
Prior Payment: 35905
Record Date: 35915
Number of loans which have had their maturity
dates extended 0
Cut-off principal balance of loans which have
had their maturity 0.00
Number of loans in the process of having their
maturity dates ext 0
Cut-off principal balance of loans in the
process of having their 0.00
Number of loans in the process of having their
maturity dates re- 0
Cut-off principal balance of loans in the
process of having their 0.00
Cut-off principal balance of paid off loans
that never experience 0.00
Cut-off principal balance of paid off loans
that experienced matu 0.00
Weighted average extension period (in months)
of loans which have 0
Weighted average extension period of paid off
loans which have ex 0
date extensions
Weighted average extension period of loans
which have experienced 0
extensions and are process of being
re-extended 0.00
Weighted average anticipated extension period
of loans in the pro 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
Series 1998-C1
ABN AMRO Acct: 677902702
Statement Date: 05/18/98
Payment Date: 05/18/98
Prior Payment: 04/20/98
Record Date: 04/30/98
DistributiDelinq 1 Month
Date # Balance
05/18/98 0 0
0.00% 0.00%
04/20/98 0 0
0.00% 0.00%
03/18/98 0 0
0.00% 0.00%
01/00/00 0 0
0.00% 0.00%
01/00/00 0 0
0.00% 0.00%
01/00/00 0 0
0.00% 0.00%
01/00/00 0 0
0.00% 0.00%
01/00/00 0 0
0.00% 0.00%
01/00/00 0 0
0.00% 0.00%
01/00/00 0 0
0.00% 0.00%
01/00/00 0 0
0.00% 0.00%
01/00/00 0 0
0.00% 0.00%
01/00/00 0 0
0.00% 0.00%
01/00/00 0 0
0.00% 0.00%
01/00/00 0 0
0.00% 0.00%
01/00/00 0 0
0.00% 0.00%
Delinq 2 Months Delinq 3+ Months
# Balance # Balance
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
Foreclosure/BankruptREO
# Balance # Balance
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
Modifications Prepayments
# Balance # Balance
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
0.00% 0.00% 0.00% 0.00%
Curr Weighted Avg.
Coupon Remit
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%
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
Series 1998-C1
ABN AMRO Acct: 677902702
Statement Date: 05/18/98
Payment Date: 05/18/98
Prior Payment: 04/20/98
Record Date: 04/30/98
Delinquent Loan Detail
Paid
Disclosure Doc Thru
Control # Date
85 04/01/98
232 04/01/98
207 04/01/98
33 04/01/98
23 04/01/98
20 04/01/98
38 04/01/98
218 04/01/98
92 04/01/98
130 04/01/98
242 04/01/98
162 04/01/98
46 04/01/98
137 04/01/98
65 04/01/98
13 04/01/98
120 04/01/98
139 04/01/98
217 04/01/98
44 04/01/98
210 04/01/98
166 04/01/98
1 04/01/98
19 04/01/98
255 04/01/98
123 04/01/98
76 04/01/98
Outstanding
Current P&P&I
Advance Advances**
50,052.66 50,052.66
14,428.59 14,428.59
21,313.13 21,313.13
84,188.60 84,188.60
97,014.85 97,014.85
105,358.45105,358.45
83,578.56 83,578.56
17,463.89 17,463.89
49,688.07 49,688.07
39,463.45 39,463.45
13,608.96 13,608.96
27,807.09 27,807.09
78,483.57 78,483.57
33,920.02 33,920.02
68,327.75 68,327.75
123,479.70123,479.70
36,594.15 36,594.15
30,782.23 30,782.23
15,502.37 15,502.37
77,825.11 77,825.11
17,197.36 17,197.36
29,839.45 29,839.45
435,760.75435,760.75
128,605.86128,605.86
7,438.40 7,438.40
34,959.52 34,959.52
51,019.09 51,019.09
####################
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 B
0.00 B
0.00 B
0.00 B
0.00 B
0.00 B
0.00 B
0.00 B
0.00 B
0.00 B
0.00 B
0.00 B
0.00 B
0.00 B
0.00 B
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
Series 1998-C1
ABN AMRO Acct: 677902702
Pool Total
Statement Date: 05/18/98
Payment Date: 05/18/98
Prior Payment: 04/20/98
Record Date: 04/30/98
Distribution of Principal Balances
Current Scheduled Number Scheduled Based on
Balances of Loans Balance Balance
$0 to $500,000 0 0 0.00%
$500,000 to $1,000,000 6 5,008,778 0.29%
$1,000,000to $1,500,000 7 8,598,336 0.50%
$1,500,000to $2,000,000 17 30,420,007 1.77%
$2,000,000to $2,500,000 30 68,154,672 3.96%
$2,500,000to $3,000,000 16 44,918,945 2.61%
$3,000,000to $3,500,000 13 42,602,675 2.47%
$3,500,000to $4,000,000 13 48,702,170 2.83%
$4,000,000to $5,000,000 34149,269,208 8.66%
$5,000,000to $6,000,000 27150,003,581 8.71%
$6,000,000to $7,000,000 19123,213,637 7.15%
$7,000,000to $8,000,000 8 59,854,884 3.47%
$8,000,000to $9,000,000 8 68,846,476 4.00%
$9,000,000to $10,000,000 12115,506,587 6.70%
##########to $11,000,000 5 51,721,777 3.00%
##########to $12,000,000 9105,369,917 6.12%
##########to $13,000,000 7 88,302,947 5.13%
##########to $14,000,000 2 26,950,577 1.56%
##########to $15,000,000 6 86,215,417 5.00%
##########& Above 20449,302,776 26.08%
Total 2591,722,963,36 100.00%
Average Scheduled Balance is 6,652,368
Maximum Scheduled Balance is 62,315,670
Minimum Scheduled Balance is 611,812
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Retail 103 792,797,052 46.01%
Multifamily 74 423,541,978 24.58%
Office 49 257,820,736 14.96%
Lodging 9 111,873,857 6.49%
Industrial 16 97,552,755 5.66%
Health Care 3 23,143,872 1.34%
Self Storage 3 11,101,114 0.64%
Mobile Home 1 2,888,799 0.17%
Other 1 2,243,204 0.13%
Total 2591,722,963,367 100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
0.07or less 6 67,931,368 3.94%
0.07to 0.07125 8 25,341,924 1.47%
0.07125to 0.07375 59492,004,259 28.56%
0.07375to 0.07625 77541,993,342 31.46%
0.07625to 0.07875 40236,437,183 13.72%
0.07875to 0.08125 38173,995,115 10.10%
0.08125to 0.08375 15 81,373,829 4.72%
0.08375to 0.08625 8 39,196,726 2.27%
0.08625to 0.08875 2 15,437,381 0.90%
0.08875to 0.09125 5 47,283,599 2.74%
0.09125to 0.09375 1 1,968,641 0.11%
0.09375to 0.09625 0 0 0.00%
0.09625to 0.09875 0 0 0.00%
0.09875to 0.10125 0 0 0.00%
0.10125& Above 0 0 0.00%
Total 2591,722,963,36 100.00%
W/Avg Mortgage Interest Rate is 0.07603
Minimum Mortgage Interest Rate is 0.0697
Maximum Mortgage Interest Rate is 0.0917
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
Series 1998-C1
ABN AMRO Acct: 677902702
Pool Total
Statement Date: 05/18/98
Payment Date: 05/18/98
Prior Payment: 04/20/98
Record Date: 04/30/98
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 2531,697,654,877 98.53%
1+ to 2 years 6 25,308,491 1.47%
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 2591,722,963,367 100.00%
Weighted Aver 0.3913965
Distribution of Remaining Term
Fully Amortizing
Fully Amortizing Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
60 months or less 1 62,315,670 3.62%
61 to 120 months 46331,457,518 19.24%
121 to 180 months 14138,735,894 8.05%
181 to 240 months 16 88,251,158 5.12%
241 to 360 months 7 46,444,733 2.70%
Total 84667,204,974 38.72%
Weighted Ave 149
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 0 0 0.00%
1.1251to 1.25 0 0 0.00%
1.2501to 1.375 0 0 0.00%
1.3751to 1.5 0 0 0.00%
1.5001to 1.625 0 0 0.00%
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 0 0 0.00%
2.1251& above 0 0 0.00%
Unknown 2591,722,963,36 100.00%
Total 2591,722,963,36 100.00%
Weighted Average Debt Service Coverage Ratio is 0
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 23134,695,892 7.82%
Amortizing Balloon 1731,045,128,39 60.66%
Interest Only / Amortizing / Ba 2 10,630,000 0.62%
Other 61532,509,082 30.91%
Total 2591,722,963,36 100.00%
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 12,971,264 0.75%
61 to 120 months 155916,059,373 53.17%
121 to 180 months 14103,036,200 5.98%
181 to 240 months 3 23,691,557 1.38%
Total 1751,055,758,39 61.28%
Weighted Ave 115
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 2591,722,963,36 100.00%
Total 2591,722,963,36 100.00%
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
Series 1998-C1
ABN AMRO Acct: 677902702
Loan Level Detail
Statement Date: 05/18/98
Payment Date: 05/18/98
Prior Payment: 04/20/98
Record Date: 04/30/98
Property
Disclosure Type Maturity
Control # Group Code Date DSCR
1SASC98C1 Retail 1/1/03 0
2SASC98C1 Retail 1/1/13 0
3SASC98C1 Multifamily 1/1/08 0
5SASC98C1 Retail 7/1/07 0
6SASC98C1 Lodging 12/1/07 0
7SASC98C1 Retail 1/1/08 0
8SASC98C1 Lodging 12/1/07 0
9SASC98C1 Retail 10/1/07 0
10SASC98C1 Retail 12/1/04 0
11SASC98C1 Retail 8/1/09 0
12SASC98C1 Office 12/1/07 0
13SASC98C1 Multifamily 1/1/11 0
14SASC98C1 Office 11/1/12 0
15SASC98C1 Lodging 11/1/07 0
16SASC98C1 Retail 12/1/07 0
17SASC98C1 Industrial 12/1/17 0
18SASC98C1 Lodging 11/1/07 0
19SASC98C1 Retail 11/1/04 0
20SASC98C1 Multifamily 1/1/05 0
22SASC98C1 Multifamily 10/1/07 0
23SASC98C1 Multifamily 1/1/05 0
24SASC98C1 Retail 6/1/12 0
25SASC98C1 Industrial 1/1/08 0
26SASC98C1 Multifamily 12/1/07 0
27SASC98C1 Retail 1/1/13 0
28SASC98C1 Retail 12/1/07 0
29SASC98C1 Multifamily 12/1/22 0
30SASC98C1 Retail 5/1/07 0
31SASC98C1 Retail 1/1/13 0
32SASC98C1 Lodging 1/1/13 0
33SASC98C1 Multifamily 1/1/05 0
34SASC98C1 Retail 12/1/12 0
35SASC98C1 Retail 11/1/17 0
36SASC98C1 Retail 1/1/08 0
37SASC98C1 Retail 11/1/07 0
38SASC98C1 Retail 2/1/28 0
39SASC98C1 Retail 1/1/08 0
40SASC98C1 Multifamily 1/1/23 0
41SASC98C1 Office 12/1/07 0
42SASC98C1 Multifamily 12/1/07 0
43SASC98C1 Office 1/1/08 0
44SASC98C1 Retail 11/1/04 0
45SASC98C1 Retail 1/1/08 0
46SASC98C1 Office 12/1/07 0
47SASC98C1 Multifamily 10/1/04 0
48SASC98C1 Lodging 1/1/18 0
49SASC98C1 Retail 12/1/07 0
50SASC98C1 Retail 12/1/07 0
51SASC98C1 Multifamily 1/1/08 0
52SASC98C1 Retail 1/1/13 0
53SASC98C1 Office 10/1/07 0
54SASC98C1 Multifamily 10/1/07 0
55SASC98C1 Industrial 10/1/07 0
56SASC98C1 Health Care 12/1/07 0
57SASC98C1 Multifamily 11/1/07 0
58SASC98C1 Office 1/1/08 0
59SASC98C1 Retail 11/1/07 0
60SASC98C1 Industrial 9/1/07 0
61SASC98C1 Retail 1/1/08 0
62SASC98C1 Office 10/1/07 0
63SASC98C1 Retail 6/1/07 0
64SASC98C1 Industrial 1/1/18 0
65SASC98C1 Multifamily 4/1/07 0
66SASC98C1 Multifamily 12/1/07 0
67SASC98C1 Retail 8/1/07 0
68SASC98C1 Multifamily 1/1/23 0
69SASC98C1 Retail 1/1/08 0
70SASC98C1 Office 12/1/07 0
71SASC98C1 Retail 8/1/07 0
72SASC98C1 Retail 12/1/07 0
73SASC98C1 Multifamily 12/1/04 0
74SASC98C1 Retail 12/1/12 0
75SASC98C1 Health Care 12/1/07 0
76SASC98C1 Multifamily 9/1/07 0
77SASC98C1 Retail 1/1/08 0
78SASC98C1 Multifamily 1/1/08 0
79SASC98C1 Retail 12/1/07 0
80SASC98C1 Retail 1/1/08 0
81SASC98C1 Retail 12/1/07 0
82SASC98C1 Retail 12/1/12 0
83SASC98C1 Lodging 12/1/07 0
84SASC98C1 Retail 1/1/08 0
85SASC98C1 Retail 3/1/04 0
86SASC98C1 Retail 1/1/08 0
87SASC98C1 Retail 6/1/07 0
88SASC98C1 Office 11/1/07 0
89SASC98C1 Retail 11/1/07 0
90SASC98C1 Industrial 11/1/04 0
91SASC98C1 Retail 12/1/12 0
92SASC98C1 Multifamily 10/1/17 0
93SASC98C1 Office 7/1/07 0
94SASC98C1 Office 8/1/07 0
95SASC98C1 Retail 5/1/07 0
96SASC98C1 Retail 8/1/07 0
97SASC98C1 Retail 11/1/07 0
98SASC98C1 Retail 1/1/13 0
99SASC98C1 Retail 2/1/08 0
100SASC98C1 Retail 2/1/18 0
101SASC98C1 Office 1/1/08 0
102SASC98C1 Health Care 1/1/13 0
103SASC98C1 Retail 1/1/08 0
104SASC98C1 Retail 11/1/12 0
105SASC98C1 Office 10/1/07 0
106SASC98C1 Multifamily 3/1/04 0
107SASC98C1 Multifamily 11/1/07 0
108SASC98C1 Retail 12/1/07 0
109SASC98C1 Office 8/1/07 0
110SASC98C1 Office 1/1/08 0
111SASC98C1 Industrial 11/1/07 0
112SASC98C1 Retail 3/1/17 0
113SASC98C1 Multifamily 3/1/04 0
114SASC98C1 Office 1/1/03 0
115SASC98C1 Office 8/1/07 0
116SASC98C1 Multifamily 12/1/04 0
117SASC98C1 Retail 11/1/17 0
118SASC98C1 Retail 11/1/07 0
119SASC98C1 Multifamily 12/1/07 0
120SASC98C1 Multifamily 9/1/07 0
121SASC98C1 Multifamily 12/1/22 0
122SASC98C1 Retail 12/1/07 0
123SASC98C1 Retail 1/1/05 0
124SASC98C1 Office 1/1/03 0
125SASC98C1 Multifamily 10/1/07 0
126SASC98C1 Office 11/1/07 0
127SASC98C1 Retail 11/1/07 0
128SASC98C1 Office 1/1/18 0
129SASC98C1 Retail 11/1/07 0
130SASC98C1 Self Storag 8/1/07 0
131SASC98C1 Lodging 11/1/17 0
132SASC98C1 Office 12/1/04 0
133SASC98C1 Office 12/1/04 0
134SASC98C1 Retail 12/1/07 0
135SASC98C1 Retail 12/1/07 0
136SASC98C1 Multifamily 12/1/04 0
137SASC98C1 Self Storag 12/1/07 0
138SASC98C1 Office 8/1/07 0
139SASC98C1 Office 12/1/07 0
140SASC98C1 Office 12/1/04 0
141SASC98C1 Multifamily 1/1/08 0
142SASC98C1 Retail 12/1/07 0
143SASC98C1 Industrial 1/1/08 0
144SASC98C1 Retail 10/1/12 0
145SASC98C1 Retail 1/1/08 0
146SASC98C1 Office 10/1/04 0
147SASC98C1 Retail 1/1/08 0
148SASC98C1 Multifamily 1/1/05 0
149SASC98C1 Office 8/1/07 0
150SASC98C1 Multifamily 1/1/05 0
151SASC98C1 Retail 1/1/08 0
152SASC98C1 Retail 1/1/08 0
153SASC98C1 Multifamily 12/1/07 0
154SASC98C1 Retail 12/1/07 0
155SASC98C1 Multifamily 10/1/07 0
156SASC98C1 Retail 12/1/04 0
157SASC98C1 Industrial 1/1/05 0
158SASC98C1 Retail 11/1/04 0
159SASC98C1 Office 1/1/18 0
160SASC98C1 Retail 1/1/08 0
161SASC98C1 Office 1/1/08 0
162SASC98C1 Multifamily 9/1/07 0
163SASC98C1 Multifamily 9/1/04 0
164SASC98C1 Retail 11/1/07 0
165SASC98C1 Retail 11/1/07 0
166SASC98C1 Retail 6/1/07 0
167SASC98C1 Multifamily 12/1/07 0
168SASC98C1 Industrial 11/1/12 0
169SASC98C1 Retail 1/1/13 0
170SASC98C1 Multifamily 12/1/04 0
171SASC98C1 Multifamily 11/1/12 0
172SASC98C1 Multifamily 11/1/07 0
173SASC98C1 Office 12/1/07 0
174SASC98C1 Office 1/1/08 0
175SASC98C1 Retail 11/1/07 0
176SASC98C1 Retail 1/1/08 0
177SASC98C1 Retail 10/1/07 0
178SASC98C1 Retail 11/1/07 0
179SASC98C1 Multifamily 12/1/04 0
180SASC98C1 Multifamily 7/1/04 0
181SASC98C1 Industrial 12/1/17 0
182SASC98C1 Retail 12/1/07 0
183SASC98C1 Retail 12/1/07 0
184SASC98C1 Multifamily 1/1/08 0
185SASC98C1 Multifamily 11/1/07 0
186SASC98C1 Multifamily 2/1/08 0
187SASC98C1 Office 12/1/07 0
188SASC98C1 Retail 11/1/07 0
189SASC98C1 Office 12/1/17 0
190SASC98C1 Multifamily 6/1/07 0
191SASC98C1 Mobile Home 2/1/08 0
192SASC98C1 Multifamily 1/1/08 0
193SASC98C1 Multifamily 12/1/04 0
194SASC98C1 Multifamily 3/1/04 0
195SASC98C1 Multifamily 11/1/07 0
196SASC98C1 Multifamily 3/1/04 0
197SASC98C1 Lodging 1/1/21 0
198SASC98C1 Retail 11/1/07 0
199SASC98C1 Multifamily 12/1/22 0
200SASC98C1 Retail 1/1/13 0
201SASC98C1 Office 8/1/07 0
202SASC98C1 Office 12/1/07 0
203SASC98C1 Industrial 1/1/08 0
204SASC98C1 Multifamily 12/1/04 0
205SASC98C1 Multifamily 10/1/12 0
206SASC98C1 Retail 8/1/04 0
207SASC98C1 Multifamily 7/1/07 0
208SASC98C1 Office 1/1/05 0
209SASC98C1 Industrial 2/1/08 0
210SASC98C1 Retail 10/1/07 0
211SASC98C1 Multifamily 12/1/07 0
212SASC98C1 Office 12/1/02 0
213SASC98C1 Industrial 10/1/07 0
214SASC98C1 Retail 12/1/07 0
215SASC98C1 Multifamily 11/1/07 0
216SASC98C1 Retail 11/1/07 0
217SASC98C1 Other 1/1/08 0
218SASC98C1 Office 11/1/07 0
219SASC98C1 Office 1/1/08 0
220SASC98C1 Multifamily 1/1/08 0
221SASC98C1 Office 12/1/17 0
222SASC98C1 Office 2/1/08 0
223SASC98C1 Retail 10/1/07 0
224SASC98C1 Multifamily 11/1/07 0
225SASC98C1 Multifamily 2/1/08 0
226SASC98C1 Retail 12/1/07 0
227SASC98C1 Retail 10/1/07 0
228SASC98C1 Office 1/1/08 0
229SASC98C1 Retail 1/1/08 0
230SASC98C1 Multifamily 1/1/08 0
231SASC98C1 Multifamily 1/1/08 0
232SASC98C1 Self Storag 12/1/07 0
233SASC98C1 Multifamily 12/1/07 0
234SASC98C1 Multifamily 10/1/07 0
235SASC98C1 Office 6/1/17 0
236SASC98C1 Retail 11/1/07 0
237SASC98C1 Multifamily 11/1/07 0
238SASC98C1 Multifamily 12/1/07 0
239SASC98C1 Retail 1/1/13 0
240SASC98C1 Multifamily 3/1/04 0
241SASC98C1 Multifamily 11/1/07 0
242SASC98C1 Office 10/1/07 0
243SASC98C1 Multifamily 11/1/07 0
244SASC98C1 Industrial 11/1/07 0
245SASC98C1 Office 11/1/22 0
246SASC98C1 Retail 11/1/07 0
247SASC98C1 Office 1/1/13 0
248SASC98C1 Retail 11/1/12 0
249SASC98C1 Retail 12/1/17 0
250SASC98C1 Retail 1/1/13 0
251SASC98C1 Multifamily 6/1/04 0
252SASC98C1 Retail 12/1/16 0
253SASC98C1 Office 8/1/07 0
254SASC98C1 Industrial 11/1/12 0
255SASC98C1 Multifamily 9/1/07 0
256SASC98C1 Multifamily 11/1/17 0
257SASC98C1 Multifamily 12/1/07 0
258SASC98C1 Retail 10/1/07 0
259SASC98C1 Retail 11/1/12 0
260SASC98C1 Retail 12/1/07 0
261SASC98C1 Office 12/1/07 0
Operating Ending
Statement Principal Note
Date State Balance Rate
MD 62315669.92 7.5800%
OH 41866435.01 7.2000%
PA 33094211.67 7.1900%
NY 22571472.64 8.2200%
IL 20303993.24 7.3600%
CA 19938499.79 7.3700%
FL 19889222.05 7.5200%
WA 19415311.93 7.9900%
TX 19175513.54 6.9700%
TN 18896326.61 8.0400%
NY 18428955.77 7.3900%
NJ 18262198.28 7.2400%
CT 18224299.61 7.6900%
UT 17877358.67 7.4300%
MO 17702244.22 7.5700%
NY 17637250.35 7.5000%
NJ 16390740.18 7.6000%
PA 16137158.1 8.9200%
NV 16046538.98 6.9800%
IL 15129375.39 7.7000%
NV 14775772.69 6.9800%
CA 14699932.89 9.0500%
MA 14516107.74 7.4700%
NV 14155440.33 7.1300%
CA 14057155.33 7.4300%
FL 14011008.27 7.3500%
GA 13651387.71 7.5500%
PA 13299188.96 8.5240%
IN 12959064.39 7.2500%
UT 12939302.7 7.4100%
NV 12822281 6.9800%
NY 12557173.62 7.6900%
GA 12465293.34 7.7400%
MA 12310492.58 7.1700%
PA 12249339.65 7.7100%
PA 11973804.55 7.6300%
TN 11963099.88 7.3700%
FL 11964751.02 7.6000%
IL 11956345.64 7.3800%
NC 11956155.59 7.3600%
FL 11443918.7 7.1350%
MA 11448054.77 7.2800%
MN 11403475.73 7.1800%
NJ 11260311.48 7.5410%
TX 10542318.03 7.3600%
OH 10422265.8 7.3750%
AZ 10364101.08 7.6200%
FL 10274739.39 7.3500%
CA 10118353.05 7.3000%
NC 9968882.37 7.3100%
CT 9954154.6 7.7580%
NV 9951691.11 7.5300%
NY 9883648.11 8.0200%
FL 9716640.21 7.6600%
CA 9707889.99 7.4900%
FL 9554099.17 7.2600%
DE 9460360.07 7.6500%
NY 9453466.1 8.1200%
AZ 9370458.84 7.2600%
MD 9337782.75 8.3500%
TX 9147514.03 8.6410%
MD 8837665.98 7.8300%
CA 8842750.91 8.5700%
GA 8728408.41 7.4200%
TX 8703173.88 8.1200%
NC 8657673.51 7.1500%
CA 8573397.25 7.3400%
NY 8444369.59 7.4100%
AZ 8059036.21 8.3500%
AL 7971086.33 7.4100%
OH 7968664.99 7.2900%
VA 7721806.53 7.3800%
CA 7454109.41 7.1300%
TX 7298070.63 7.5500%
AZ 7178424.15 7.5000%
FL 7177103.15 7.2000%
IN 7085619.27 7.6500%
OR 6977475.2 7.1400%
TX 6974920.06 7.4500%
FL 6854753.24 7.3400%
MD 6764037.13 7.7900%
NY 6730446.89 7.6700%
TX 6728414.07 8.1500%
TX 6579340.15 7.2800%
CO 6558230.76 8.9300%
WA 6497358.91 7.5800%
AR 6458670.63 7.8400%
NJ 6457030.66 7.6100%
IN 6377565.88 7.5500%
NC 6354053.37 8.2800%
NY 6289867.15 8.8400%
MN 6215083.69 8.5200%
TX 6157839.87 9.0230%
MD 6115458.91 7.9200%
CA 6112078.52 8.0200%
IN 6011012.19 7.2500%
NY 5985080.7 7.4200%
NY 5964036.3 7.2800%
WA 5980994.41 7.2200%
NY 5973122.69 7.6700%
WV 5968220.75 7.7700%
MD 5958638.91 7.3600%
AZ 5874759.78 7.7800%
FL 5861913.93 8.0000%
FL 5774788.25 7.4600%
CA 5680839.4 7.7400%
CT 5594824.16 8.1100%
GA 5583252.11 7.5100%
FL 5577233.96 7.7700%
MO 5531068.95 7.5300%
FL 5509593.04 8.0000%
CA 5520000 7.0300%
CT 5447000.97 8.3050%
MI 5379262.76 7.3900%
CA 5372752.42 8.0700%
AZ 5327628.1 7.6400%
TX 5256346.6 7.5100%
TX 5234642.84 7.5500%
TX 5171393.35 7.5600%
AL 5172160.18 7.9700%
TX 5119115.7 7.3400%
CA 5110000 7.0300%
TN 5074910.66 7.4500%
CT 4980328.71 7.9200%
TX 4965761.71 7.4000%
MO 4814763.91 7.5300%
CA 4679787.78 7.5100%
MA 4631066.5 8.1700%
TN 4600827.83 7.8300%
VA 4582825.2 7.2600%
TX 4483379.21 7.3100%
AZ 4483292.1 7.5600%
MO 4483258.81 7.5500%
OK 4482023.31 7.1900%
FL 4476405.32 7.8400%
CT 4475859.31 8.1100%
TN 4434229.49 7.5000%
SC 4433634.94 7.3300%
TX 4385897.21 7.1600%
FL 4384235.5 7.4500%
IN 4354670.15 7.4400%
MA 4329927.8 7.7300%
OH 4311594.78 7.3300%
SC 4309973.9 7.7200%
PA 4287393.77 7.6100%
AZ 4282578.86 7.2900%
CT 4276932.27 8.1100%
OR 4237188.04 7.4700%
WA 4187186.99 7.4100%
IN 4186711.82 7.2260%
SC 4184420 7.2900%
CO 4186669.35 8.3400%
TN 4139534.95 7.4500%
KY 4085629.15 7.5500%
IA 4059285.3 7.4400%
AL 4052118 7.4100%
NY 4019816.34 7.3200%
PA 3988273.24 7.6100%
TX 3987577.56 7.3200%
TX 3977692.22 7.5500%
NY 3880034.56 7.9574%
PA 3785017 7.9100%
MA 3735278.88 7.9300%
KY 3730437.19 8.9800%
SC 3686274.78 7.2900%
CT 3637962.2 8.0400%
FL 3589169.06 7.4800%
TN 3586037.79 7.3400%
CA 3583979.17 7.3500%
AL 3534435.96 7.4200%
NJ 3489195.32 8.1200%
MN 3483159.2 7.2200%
FL 3410239.2 7.5000%
TX 3389357.04 7.2800%
WA 3348541.09 7.7300%
KS 3300846.73 7.7900%
KS 3286660.68 7.1300%
TX 3261712.26 8.2800%
CA 3171927.31 7.8400%
TX 3139102.79 7.6100%
IL 3125344.01 8.1300%
MN 3109920.43 7.1200%
OH 3086668.54 7.5100%
TX 2991957.88 6.9800%
FL 2984726.66 8.0100%
FL 2987697.35 7.7300%
AR 2973244.92 7.7050%
CT 2978991.27 8.4300%
VA 2888799.33 7.1100%
CA 2791007.49 7.1500%
CO 2789140.5 7.3400%
TX 2772526.86 8.0000%
NE 2731294.46 7.4400%
TX 2693311.78 8.0000%
SC 2686109.02 7.9700%
CO 2688562.29 7.5800%
NY 2684168.59 7.4000%
TX 2641622.41 7.2300%
CT 2635783.85 8.1100%
FL 2491198.16 7.5300%
NY 2482554.4 7.8600%
SC 2490207.79 7.2900%
AZ 2488833.02 7.8700%
NE 2488693.51 8.4600%
TX 2460980.14 8.4400%
FL 2467434.49 7.4000%
NV 2393686.27 7.0900%
TX 2389254.64 7.8600%
TX 2341598.61 7.4600%
TX 2341263.75 7.2800%
NJ 2332885.91 7.8180%
GA 2288044.22 7.8900%
GA 2289493.55 7.4500%
FL 2285793.7 8.0100%
NY 2243204 7.4600%
FL 2236641.33 8.2400%
FL 2191525.55 7.5200%
MO 2192892.86 7.1200%
MD 2169952.04 7.4900%
NY 2144850.38 7.6400%
GA 2141094.91 8.1900%
KS 2139601.35 7.1600%
TX 2119303.5 6.9800%
VA 2118290.11 8.0200%
PA 2111071.53 8.1200%
NY 2093977.31 7.7200%
FL 2093719.53 7.5100%
FL 2093215.76 7.1200%
MO 2033409.75 7.1200%
LA 1993642 7.9900%
OH 1992676.74 7.3500%
TN 1990161.03 7.4500%
AZ 1968640.67 9.1700%
AZ 1967044.22 8.0800%
SC 1941933.59 7.6900%
CO 1843486.66 7.5300%
TX 1819332.23 7.3200%
VA 1742731.15 8.0000%
TX 1738797.04 7.8000%
CA 1738097.45 8.2000%
GA 1736580.15 7.5600%
CA 1664094.01 7.7000%
CA 1620196.6 8.4000%
MA 1593104.46 7.5000%
GA 1543372.44 7.9600%
FL 1526116.3 8.0800%
SC 1447028.8 7.5400%
TX 1346010.52 7.5700%
TX 1290841.11 8.4000%
TX 1238171.13 8.0500%
CT 1118964.86 8.1100%
FL 1093286.68 8.0800%
TX 1064032.68 7.5500%
FL 989204.71 7.6600%
CA 956597.82 7.5000%
FL 943631.57 8.2800%
FL 844812.45 8.0800%
IN 662719.66 7.6500%
AL 611811.81 8.1700%
###########
Loan
Scheduled Prepayment Status
P&I PrepaymentDate Code (1)
440437.92 0 B
285091.05 0
225132.98 0
170059.01 0
148901.41 0
138066.88 0
148058.52 0
142948.18 0
127696.39 0
139945.44 0
127964.08 0
124850.46 0 B
130345.5 0
132199.92 0
132351.97 0
143395.59 0
123008.82 0
129816.88 0 B
106897.54 0 B
108369.95 0
98432.05 0 B
125129.51 0
101506.69 0
95783.37 0
97914.28 0
96886.7 0
101910.45 0
103262.41 0
88682.92 0
95309.11 0
85418.44 0 B
89746.08 0
103361.8 0
83579.68 0
87778.96 0
84976.53 0 B
82840.13 0
84728.97 0
82921.91 0
82758.38 0
82272.67 0
78684.41 0 B
77498.54 0
79328.73 0 B
73103.23 0
83786.56 0
73574.77 0
71050.25 0
69585.45 0
68625.06 0
71696.52 0
70126.99 0
83768.52 0
69244.79 0
68106.66 0
69451.32 0
67403.86 0
70503.98 0
64188.34 0
74743.53 0
71661.41 0
73504.31 0
68991.39 0 B
60772.03 0
64937.88 0
62324.77 0
59193.06 0
58737.01 0
61422.97 0
55444.97 0
54791.32 0
53553.74 0
53632.84 0
51566.86 0 B
50343.44 0
48872.75 0
50446.47 0
47231.19 0
48705.58 0
47354.45 0
51541.06 0
47985.2 0
50557.65 0 B
45158.01 0
52773.01 0
45981.72 0
49481.07 0
48500.47 0
44969.05 0
50589.18 0 B
52594.96 0
48145.71 0
49989.24 0
44784.01 0
47548.21 0
41135.23 0
41624.68 0
47905.18 0
40808.56 0
45005.06 0
46717.87 0
43794.53 0
42390.7 0
43438.87 0
40395.7 0
40796.12 0
41706.41 0
39194.37 0
40196.51 0
45863.05 0
40828.05 0
32338 0
41343.73 0
37351.68 0
40780.51 0
37922.19 0
36919.69 0
36987.05 0 B
38630.72 0
40031.16 0
35343.76 0 B
29936.08 0
35485.49 0
36409.77 0
36624.95 0
39160.29 0
32895.27 0
39811.4 0 B
38403.94 0
31411.32 0
30881.28 0
31649.74 0
31618.87 0
30515.01 0
34256.12 0 B
33365.13 0
31115.05 0 B
30598.68 0
29747.63 0
30614.93 0
32160.31 0
31103.83 0
29739.17 0
30930.93 0
30390.77 0
29422.94 0
31882.23 0
29629.36 0
29108.61 0
28583.07 0
28765.44 0
31819.33 0
28945.03 0
28808.3 0
30426.64 0
28207.63 0
32182.22 0
28270.49 0
27477.22 0
28105.65 0 B
28506.7 0
27645.01 0
27333.4 0
30119.4 0 B
25340.98 0
30830.72 0
25122.44 0
24778.49 0
24803 0
24627.94 0
25975.15 0
25230.63 0
23948.1 0
23263.22 0
25448.05 0
23840.76 0
22243.85 0
24710.76 0
26448.32 0
22263.01 0
23288.26 0
21009.49 0
21696.88 0
19918.8 0
23174.36 0
21450.92 0
24545.24 0
22918.74 0
20700.54 0
18911.39 0
19272.16 0
20545.41 0
20215.05 0
19958.4 0
21370.84 0
19026.92 0
19777.47 0
18041.74 0
19648.35 0
17531.75 0
20693.7 0
17122.29 0
18118.06 0
19152.01 0
21600.74 0 B
17136.4 0
16112.59 0
17376.69 0 B
16367.23 0
16078.99 0
17855.27 0
17584.5 0
16003.26 0
17767.01 0
15670.74 0 B
17725.1 0 B
15885.4 0
14814.38 0
17629.1 0
15239.79 0
16061.63 0
14535.77 0
14109.15 0
15622.13 0
15733.52 0
15001.15 0
14697.89 0
14140.92 0
13736.97 0
14661.35 0 B
13779.44 0
13915.88 0
18213.76 0
14602.15 0
13889.27 0
12973.49 0
12536.49 0
12914.26 0
13275.75 0
13739.46 0 B
12266.04 0
12596.82 0
13015.54 0
11187.43 0
11922.11 0
14409.18 0
11797.4 0
9504.19 0
9903.89 0
10719.66 0
8341.28 0
8548.36 0
7518.26 0 B
8154.05 0
6712.46 0
7509.33 0
6605.55 0
4718.27 0
4816.14 0
(0)
* NOI and DSCR, if available and reportable
* under the terms of the t
are based on information obtained from the
related borrower, and no othe
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
8. 11. Modification
8. Bankruptcy
9. REO
10. DPO
