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: July 20, 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- (Commission (I.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
99Monthly distribution report pursuant to
Section 4.2 of the Pooling and Servicing
Agreement for the distribution
on July 20, 1998
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: August 21,1998
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.
99 Monthly distribution report pursuant to
Section 4.2 of the Pooling and Servicing
Agreement for the distribution on
July 20, 1998
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 07/20/98
Payment Date: 07/20/98
Prior Payment: 06/18/98
Record Date: 06/30/98
WAC: 7.60302731%
WAMM: 126.2816991
Number Of Pages
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 07/20/98
Payment Date: 07/20/98
Prior Payment: 06/18/98
Record Date: 06/30/98
WAC: 7.60302731%
WAMM: 126
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 267,810,000.00 261,660,679.05
501773AZ8 1,000.00000000 977.03849389
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 1,721,668,308.05
501773AY1 1,000.00000000 996.44098958
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 1,721,668,308.05
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 1,560,644.74 0.00 0.00
501773AZ8 5.827432657 0.000000000 0.000000000
A-2 0.00 0.00 0.00
501773BA2 0.000000000 0.000000000 0.000000000
A-3 0.00 0.00 0.00
501773BB0 0.000000000 0.000000000 0.000000000
B 0.00 0.00 0.00
501773BC8 0.000000000 0.000000000 0.000000000
C 0.00 0.00 0.00
501773BD6 0.000000000 0.000000000 0.000000000
D 0.00 0.00 0.00
501773BE4 0.000000000 0.000000000 0.000000000
E 0.00 0.00 0.00
501773BF1 0.000000000 0.000000000 0.000000000
F 0.00 0.00 0.00
501773BG9 0.000000000 0.000000000 0.000000000
G 0.00 0.00 0.00
501773BH7 0.000000000 0.000000000 0.000000000
IO 0.00 0.00 0.00
501773AY1 0.000000000 0.000000000 0.000000000
H 0.00 0.00 0.00
501773BJ3 0.000000000 0.000000000 0.000000000
J 0.00 0.00 0.00
501773BK0 0.000000000 0.000000000 0.000000000
K 0.00 0.00 0.00
501773BL8 0.000000000 0.000000000 0.000000000
L 0.00 0.00 0.00
501773BM6 0.000000000 0.000000000 0.000000000
M 0.00 0.00 0.00
501773BN4 0.000000000 0.000000000 0.000000000
1,560,644.74 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
A-1 260,100,034.31 1,380,260.08 0.00 6.33000000%
501773AZ8 971.211061237 5.153878048 0.00 6.33000000%
A-2 308,000,000.00 1,642,666.67 0.00 6.40000000%
501773BA2 1000.000000000 5.333333344 0.00 6.40000000%
A-3 642,291,000.00 3,468,371.40 0.00 6.48000000%
501773BB0 1000.000000000 5.400000000 0.00 6.48000000%
B 86,390,000.00 474,425.08 0.00 6.59000000%
501773BC8 1000.000000000 5.491666628 0.00 6.59000000%
C 86,390,000.00 480,904.33 0.00 6.68000000%
501773BD6 1000.000000000 5.566666628 0.00 6.68000000%
D 90,710,000.00 527,629.83 0.00 6.98000000%
501773BE4 1000.000000000 5.816666630 0.00 6.98000000%
E 34,556,000.00 201,576.67 0.00 7.00000000%
501773BF1 1000.000000000 5.833333430 0.00 7.00000000%
F 51,834,000.00 272,128.50 0.00 6.30000000%
501773BG9 1000.000000000 5.250000000 0.00 6.30000000%
G 34,556,000.00 181,419.00 0.00 6.30000000%
501773BH7 1000.000000000 5.250000000 0.00 6.30000000%
IO 1,720,107,663.3 1,443,946.95 0.00 1.00642867%
501773AY1 995.537743359 0.835705647 0.00 1.19782328%
H 17,278,000.00 90,709.50 0.00 6.30000000%
501773BJ3 1000.000000000 5.250000000 0.00 6.30000000%
J 43,195,000.00 226,773.75 0.00 6.30000000%
501773BK0 1000.000000000 5.250000000 0.00 6.30000000%
K 17,278,000.00 90,709.50 0.00 6.30000000%
501773BL8 1000.000000000 5.250000000 0.00 6.30000000%
L 17,278,000.00 90,709.50 0.00 6.30000000%
501773BM6 1000.000000000 5.250000000 0.00 6.30000000%
M 30,251,629.00 158,859.50 38.45 6.30000000%
501773BN4 1000.000000000 5.251270932 0.00 6.30000000%
1,720,107,663.310,731,174.83 38.45
Total P&I Payment 12,291,819.57
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 07/20/98
Payment Date: 07/20/98
Prior Payment: 06/18/98
Record Date: 06/30/98
WAC: 7.60302731%
WAMM: 126.2816991
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 1,721,668,308.05
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
R-III 0.00 0.00 0.00
9ABSA999 0.000000000 0.000000000 0.000000000
1,560,644.74 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
R-III 0.00 84.57 0.00
9ABSA999 0.000000000 0.000048946 0.000000000
1,720,107,663.310,731,174.83
Total P&I Payment 12,291,819.57
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 07/20/98
Payment Date: 07/20/98
Prior Payment: 06/18/98
Record Date: 06/30/98
WAC: 7.60302731%
WAMM: 126.2816991
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 267,810,000.00 261,660,679.05
1000.000000000 977.038493895
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 1,721,668,308.05
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 1,560,644.74 0.00 0.00
5.827432657 0.000000000 0.000000000
A-2 0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
A-3 0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
B 0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
C 0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
D 0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
E 0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
F 0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
G 0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
H 0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
J 0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
K 0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
L 0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
M 0.00 0.00 0.00
0.000000000 0.000000000 0.000000000
R-II 0.00 0.00 0.00
9ABSA998 0.000000000 0.000000000 0.000000000
1,560,644.74 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
A-1 260,100,034.31 1,630,914.79 0.00 7.47952560%
971.211061237 6.089820358 0.000000000 7.67092021%
A-2 308,000,000.00 1,919,744.90 0.00 7.47952560%
1000.000000000 6.232937987 0.000000000 7.67092021%
A-3 642,291,000.00 4,003,359.98 0.00 7.47952560%
1000.000000000 6.232937999 0.000000000 7.67092021%
B 86,390,000.00 538,463.51 0.00 7.47952560%
1000.000000000 6.232937956 0.000000000 7.67092021%
C 86,390,000.00 538,463.51 0.00 7.47952560%
1000.000000000 6.232937956 0.000000000 7.67092021%
D 90,710,000.00 565,389.81 0.00 7.47952560%
1000.000000000 6.232938044 0.000000000 7.67092021%
E 34,556,000.00 215,385.41 0.00 7.47952560%
1000.000000000 6.232938129 0.000000000 7.67092021%
F 51,834,000.00 323,078.11 0.00 7.47952560%
1000.000000000 6.232938033 0.000000000 7.67092021%
G 34,556,000.00 215,385.41 0.00 7.47952560%
1000.000000000 6.232938129 0.000000000 7.67092021%
H 17,278,000.00 107,692.70 0.00 7.47952560%
1000.000000000 6.232937840 0.000000000 7.67092021%
J 43,195,000.00 269,231.76 0.00 7.47952560%
1000.000000000 6.232938072 0.000000000 7.67092021%
K 17,278,000.00 107,692.70 0.00 7.47952560%
1000.000000000 6.232937840 0.000000000 7.67092021%
L 17,278,000.00 107,692.70 0.00 7.47952560%
1000.000000000 6.232937840 0.000000000 7.67092021%
M 30,251,629.00 188,595.00 38.47 7.47952560%
1000.000000000 6.234209735 0.001271667 7.67092021%
R-II 0.00 84.54 0.00
9ABSA998 0.000000000 0.000048928 0.000000000
1,720,107,663.310,731,174.83 38.47
Total P&I Payment 12,291,819.57
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 07/20/98
Payment Date: 07/20/98
Prior Payment: 06/18/98
Record Date: 06/30/98
WAC: 7.60302731%
WAMM: 126.2816991
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Regular Intere1,727,837,364.17 1,721,688,043.22
1000.000000000 996.441030228
R-I 0.00 0.00
9ABSA997 0.000000000 0.000000000
1,727,837,364.17 1,721,688,043.22
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
Regular Intere 1,560,644.74 0.00 0.00
0.903235902 0.000000000 0.000000000
R-I 0.00 0.00 0.00
9ABSA997 0.000000000 0.000000000 0.000000000
1,560,644.74 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
Regular Intere1,720,127,398.410,731,174.83 0.00 7.47952560%
995.537794326 6.210755163 0.000000000 7.67092021%
R-I 0.00 0.00 0.00
9ABSA997 0.000000000 0.000000000 0.000000000
1,720,127,398.410,731,174.83 0.00
Total P&I Payment 12,291,819.57
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: 07/20/98
Payment Date: 07/20/98
Prior Payment: 06/18/98
Record Date: 06/30/98
Accrued Prepayment Excess
CertificatePremiums and Prepayment
Class Interest Yld. Main. Int. Shortfalls
A-1 1,380,260.0 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 1,443,946.9 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
Class Amounts Interest Interest Interest
A-1 0.00 0.00 0.00 1,380,260.08
A-2 0.00 0.00 0.00 1,642,666.67
A-3 0.00 0.00 0.00 3,468,371.40
B 0.00 0.00 0.00 474,425.08
C 0.00 0.00 0.00 480,904.33
D 0.00 0.00 0.00 527,629.83
E 0.00 0.00 0.00 201,576.67
F 0.00 0.00 0.00 272,128.50
G 0.00 0.00 0.00 181,419.00
IO 0.00 0.00 0.00 1,443,946.95
H 0.00 0.00 0.00 90,709.50
J 0.00 0.00 0.00 226,773.75
K 0.00 0.00 0.00 90,709.50
L 0.00 0.00 0.00 90,709.50
M 0.00 38.45 0.00 158,859.50
Component Mortgage Pool
Beginning Loan Count 259
Ending Loan Count 259
Beginning Scheduled Balance of the Mortgage 1,721,688,043.22
Ending Scheduled Balance of the Mortgage Loa1,720,127,398.48
Weighted Average Remaining Term to Maturity 147 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: 07/20/98
Payment Date: 07/20/98
Prior Payment: 06/18/98
Record Date: 06/30/98
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
Class 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
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: 07/20/98
Payment Date: 07/20/98
Prior Payment: 06/18/98
Record Date: 06/30/98
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
Extended 0.00 0
In Process * 0.00 0
Paid Off ** 0.00 0
Paid Off - Extended 0.00 0
In Process - Extende 0.00 0
Total 0.00 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: 07/20/98
Payment Date: 07/20/98
Prior Payment: 06/18/98
Record Date: 06/30/98
DistributiDelinq 1 Month
Date # Balance
07/20/98 0 0
0.00% 0.000%
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%
DistributiDelinq 2 Months Delinq 3+ Months
Date # Balance # Balance
07/20/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
06/18/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
05/18/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
04/20/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
03/18/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
DistributiForeclosure/BankruptcREO
Date # Balance # Balance
07/20/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
06/18/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
05/18/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
04/20/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
03/18/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
DistributiModifications Prepayments
Date # Balance # Balance
07/20/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
06/18/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
05/18/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
04/20/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
03/18/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0
0.00% 0.000% 0.00% 0.000%
DistributiCurr Weighted Avg.
Date Coupon Remit
07/20/98 7.6030% 7.4795%
06/18/98 7.7976% 7.6741%
05/18/98 7.6030% 7.4795%
04/20/98 7.7950% 7.6715%
03/18/98 7.2191% 7.0956%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 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: 07/20/98
Payment Date: 07/20/98
Prior Payment: 06/18/98
Record Date: 06/30/98
Delinquent Loan Detail
Paid
Disclosure Doc Thru
Control # Date
243 06/01/98
232 06/01/98
69 06/01/98
44 06/01/98
166 06/01/98
1 06/01/98
216 06/01/98
19 06/01/98
Outstanding
DisclosureCurrent P&P&I
Control # Advance Advances**
243 12,020.16 12,020.16
232 14,428.87 14,428.87
69 58,550.43 58,550.43
44 77,826.33 77,826.33
166 29,839.71 29,839.71
1435,766.77 435,766.77
216 17,500.57 17,500.57
19128,607.34 128,607.34
Total 774,540.18 774,540.18
Out. Property Special
DisclosureProtectionAdvance Servicer
Control # Advances DescriptionTransfer Date
243 0.00 B
232 0.00 B
69 0.00 B
44 0.00 B
166 0.00 B
1 0.00 B
216 0.00 B
19 0.00 B
Total 0.00
DisclosureForeclosurBankruptcy REO
Control # Date Date Date
243
232
69
44
166
1
216
19
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: 07/20/98
Payment Date: 07/20/98
Prior Payment: 06/18/98
Record Date: 06/30/98
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 4,998,227 0.29%
1,000,000to 1,500,000 7 8,580,008 0.50%
1,500,000to 2,000,000 17 30,364,408 1.77%
2,000,000to 2,500,000 30 68,039,723 3.96%
2,500,000to 3,000,000 16 44,836,761 2.61%
3,000,000to 3,500,000 13 42,532,098 2.47%
3,500,000to 4,000,000 13 48,631,354 2.83%
4,000,000to 5,000,000 34 149,009,393 8.66%
5,000,000to 6,000,000 27 149,759,205 8.71%
6,000,000to 7,000,000 19 123,020,547 7.15%
7,000,000to 8,000,000 8 59,763,369 3.47%
8,000,000to 9,000,000 8 68,729,058 4.00%
9,000,000to 10,000,000 12 115,323,533 6.70%
10,000,000to 11,000,000 5 51,623,661 3.00%
11,000,000to 12,000,000 9 105,211,490 6.12%
12,000,000to 13,000,000 7 88,139,571 5.12%
13,000,000to 14,000,000 3 40,892,465 2.38%
14,000,000to 15,000,000 5 72,091,890 4.19%
15,000,000& Above 20 448,580,636 26.08%
Total 259 1,720,127,398 100.00%
Average Scheduled Balance is 6,641,419
Maximum Scheduled Balance is 62,234,957
Minimum Scheduled Balance is 610,506
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Retail 103 791,613,932 46.02%
Multifamily 74 422,887,037 24.58%
Office 49 257,415,062 14.96%
Lodging 9 111,606,292 6.49%
Industrial 16 97,308,701 5.66%
Health Care 3 23,100,307 1.34%
Self Storage 3 11,074,143 0.64%
Mobile Home 1 2,882,183 0.17%
Other 1 2,239,742 0.13%
Total 2591,720,127,398 100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
7.00%or less 6 67,820,768 3.94%
7.00%to 7.13% 8 25,317,313 1.47%
7.13%to 7.38% 59 491,196,219 28.56%
7.38%to 7.63% 77 541,075,324 31.46%
7.63%to 7.88% 40 236,014,341 13.72%
7.88%to 8.13% 38 173,718,325 10.10%
8.13%to 8.38% 15 81,251,103 4.72%
8.38%to 8.63% 8 39,139,522 2.28%
8.63%to 8.88% 2 15,415,402 0.90%
8.88%to 9.13% 5 47,216,299 2.74%
9.13%to 9.38% 1 1,962,782 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 1,720,127,398 100.00%
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: 07/20/98
Payment Date: 07/20/98
Prior Payment: 06/18/98
Record Date: 06/30/98
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 2491,650,476,026 95.95%
1+ to 2 years 10 69,651,372 4.05%
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 2591,720,127,398 100.00%
Weighted Aver 55.81%
Distribution of Remaining Term
Fully Amortizing
Fully Amortizing Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
60 months or less 1 62,234,957 3.62%
61 to 120 months 46 330,948,443 19.24%
121 to 180 months 14 138,532,338 8.05%
181 to 240 months 16 87,925,914 5.11%
241 to 360 months 7 46,347,074 2.69%
Total 84 665,988,726 38.72%
Weighted Averag 147
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 11,090,808 0.64%
1.1251to 1.25 1 6,718,660 0.39%
1.2501to 1.375 1 14,038,253 0.82%
1.3751to 1.5 0 0 0.00%
1.5001to 1.625 2 20,070,326 1.17%
1.6251to 1.75 1 2,161,757 0.13%
1.7501to 1.875 0 0 0.00%
1.8751to 2 0 0 0.00%
2.0001to 2.125 1 9,704,234 0.56%
2.1251& above 1 9,320,359 0.54%
Unknown 250 1,647,023,001 95.75%
Total 259 1,720,127,398 100.00%
Weighted Average Debt Service Coverage Ratio is 1.552646
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 23 134,272,989 7.81%
Amortizing Balloon 173 1,043,508,673 60.66%
Interest Only / Amortizing / Ba 2 10,630,000 0.62%
Other 61 531,715,737 30.91%
Total 259 1,720,127,398 100.00%
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 12,967,978 0.75%
61 to 120 months 155 914,650,843 53.17%
121 to 180 months 14 102,869,124 5.98%
181 to 240 months 3 23,650,728 1.37%
Total 175 1,054,138,673 61.28%
Weighted Averag 113.1900
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 1,720,127,398 100.00%
Total 259 1,720,127,398 100.00%
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: 07/20/98
Payment Date: 07/20/98
Prior Payment: 06/18/98
Record Date: 06/30/98
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 1.66
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
DisclosureStatement Principal Note
Control # Date State Balance Rate
1 MD 62,234,957 7.5800%
2 OH 41,806,870 7.2000%
3 PA 33,047,013 7.1900%
5 NY 22,545,667 8.2200%
6 IL 20,259,280 7.3600%
7 CA 19,911,288 7.3700%
8 FL 19,846,417 7.5200%
9 WA 19,392,210 7.9900%
10 TX 19,146,516 6.9700%
11 TN 18,873,806 8.0400%
12 NY 18,399,922 7.3900%
13 NJ 18,236,468 7.2400%
14 CT 18,201,014 7.6900%
15 12/31/97UT 17,837,919 7.4300%
16 MO 17,664,499 7.5700%
17 NY 17,574,415 7.5000%
18 NJ 16,355,699 7.6000%
19 PA 16,117,357 8.9200%
20 NV 16,019,340 6.9800%
22 IL 15,109,980 7.7000%
23 NV 14,750,727 6.9800%
24 CA 14,671,290 9.0500%
25 MA 14,496,781 7.4700%
26 NV 14,134,838 7.1300%
27 12/31/97CA 14,038,253 7.4300%
28 FL 13,991,680 7.3500%
29 GA 13,619,246 7.5500%
30 PA 13,281,539 8.5240%
31 IN 12,940,850 7.2500%
32 UT 12,911,070 7.4100%
33 NV 12,800,547 6.9800%
34 NY 12,541,263 7.6900%
35 GA 12,419,224 7.7400%
36 MA 12,292,850 7.1700%
37 PA 12,233,768 7.7100%
38 PA 11,956,062 7.6300%
39 TN 11,946,773 7.3700%
40 FL 11,946,790 7.6000%
41 IL 11,939,973 7.3800%
42 NC 11,939,703 7.3600%
43 FL 11,417,658 7.1350%
44 MA 11,431,862 7.2800%
45 MN 11,387,173 7.1800%
46 NJ 11,245,497 7.5410%
47 TX 10,525,379 7.3600%
48 OH 10,382,678 7.3750%
49 AZ 10,350,734 7.6200%
50 FL 10,260,565 7.3500%
51 CA 10,104,304 7.3000%
52 NC 9,955,075 7.3100%
53 CT 9,941,580 7.7580%
54 NV 9,938,377 7.5300%
55 NY 9,850,321 8.0200%
56 12/31/97FL 9,704,234 7.6600%
57 CA 9,694,849 7.4900%
58 FL 9,532,669 7.2600%
59 DE 9,448,150 7.6500%
60 NY 9,442,498 8.1200%
61 AZ 9,357,321 7.2600%
62 12/31/97MD 9,320,359 8.3500%
63 TX 9,138,100 8.6410%
64 MD 8,805,886 7.8300%
65 CA 8,831,030 8.5700%
66 GA 8,716,574 7.4200%
67 TX 8,693,017 8.1200%
68 12/31/97NC 8,637,860 7.1500%
69 CA 8,561,610 7.3400%
70 NY 8,432,892 7.4100%
71 AZ 8,050,190 8.3500%
72 AL 7,960,252 7.4100%
73 OH 7,955,863 7.2900%
74 VA 7,711,233 7.3800%
75 CA 7,435,366 7.1300%
76 TX 7,288,276 7.5500%
77 AZ 7,168,938 7.5000%
78 FL 7,166,892 7.2000%
79 IN 7,076,550 7.6500%
80 OR 6,966,011 7.1400%
81 TX 6,965,533 7.4500%
82 FL 6,845,274 7.3400%
83 MD 6,750,198 7.7900%
84 NY 6,721,925 7.6700%
85 12/31/97TX 6,718,660 8.1500%
86 TX 6,570,160 7.2800%
87 CO 6,550,264 8.9300%
88 WA 6,488,824 7.5800%
89 AR 6,445,470 7.8400%
90 NJ 6,443,252 7.6100%
91 IN 6,369,194 7.5500%
92 NC 6,340,514 8.2800%
93 NY 6,277,302 8.8400%
94 MN 6,207,018 8.5200%
95 TX 6,150,437 9.0230%
96 MD 6,107,940 7.9200%
97 CA 6,100,006 8.0200%
98 IN 6,002,564 7.2500%
99 NY 5,977,060 7.4200%
100 NY 5,941,732 7.2800%
101 WA 5,972,526 7.2200%
102 NY 5,960,706 7.6700%
103 WV 5,953,318 7.7700%
104 MD 5,945,324 7.3600%
105 AZ 5,866,127 7.7800%
106 FL 5,853,166 8.0000%
107 FL 5,766,973 7.4600%
108 CA 5,673,732 7.7400%
109 CT 5,588,277 8.1100%
110 GA 5,575,892 7.5100%
111 FL 5,570,251 7.7700%
112 MO 5,508,688 7.5300%
113 FL 5,501,371 8.0000%
114 CA 5,520,000 7.0300%
115 CT 5,440,949 8.3050%
116 MI 5,370,788 7.3900%
117 CA 5,363,424 8.0700%
118 AZ 5,320,735 7.6400%
119 TX 5,249,377 7.5100%
120 TX 5,227,617 7.5500%
121 TX 5,160,346 7.5600%
122 AL 5,160,764 7.9700%
123 TX 5,112,077 7.3400%
124 CA 5,110,000 7.0300%
125 TN 5,067,985 7.4500%
126 CT 4,974,329 7.9200%
127 TX 4,954,746 7.4000%
128 MO 4,796,812 7.5300%
129 CA 4,673,532 7.5100%
130 MA 4,615,505 8.1700%
131 TN 4,584,006 7.8300%
132 VA 4,576,362 7.2600%
133 TX 4,477,133 7.3100%
134 AZ 4,476,461 7.5600%
135 MO 4,476,414 7.5500%
136 OK 4,474,681 7.1900%
137 FL 4,467,333 7.8400%
138 CT 4,470,622 8.1100%
139 TN 4,428,336 7.5000%
140 SC 4,427,489 7.3300%
141 TX 4,378,719 7.1600%
142 FL 4,378,335 7.4500%
143 IN 4,345,221 7.4400%
144 MA 4,324,419 7.7300%
145 OH 4,305,652 7.3300%
146 SC 4,304,477 7.7200%
147 PA 4,281,882 7.6100%
148 AZ 4,276,618 7.2900%
149 CT 4,271,928 8.1100%
150 OR 4,231,547 7.4700%
151 WA 4,181,529 7.4100%
152 IN 4,180,793 7.2260%
153 SC 4,178,562 7.2900%
154 CO 4,181,206 8.3400%
155 TN 4,133,886 7.4500%
156 KY 4,080,266 7.5500%
157 IA 4,049,579 7.4400%
158 AL 4,046,566 7.4100%
159 NY 4,004,447 7.3200%
160 PA 3,983,146 7.6100%
161 TX 3,982,068 7.3200%
162 TX 3,972,354 7.5500%
163 NY 3,875,324 7.9574%
164 PA 3,780,445 7.9100%
165 MA 3,730,791 7.9300%
166 KY 3,726,952 8.9800%
167 SC 3,681,114 7.2900%
168 CT 3,625,824 8.0400%
169 FL 3,584,402 7.4800%
170 TN 3,580,333 7.3400%
171 CA 3,578,996 7.3500%
172 AL 3,529,605 7.4200%
173 NJ 3,485,242 8.1200%
174 MN 3,475,289 7.2200%
175 FL 3,405,669 7.5000%
176 TX 3,384,628 7.2800%
177 WA 3,340,760 7.7300%
178 KS 3,296,006 7.7900%
179 KS 3,281,213 7.1300%
180 TX 3,258,043 8.2800%
181 CA 3,160,440 7.8400%
182 TX 3,135,044 7.6100%
183 IL 3,121,812 8.1300%
184 MN 3,105,409 7.1200%
185 OH 3,082,543 7.5100%
186 TX 2,987,496 6.9800%
187 FL 2,978,871 8.0100%
188 FL 2,983,918 7.7300%
189 AR 2,962,301 7.7050%
190 CT 2,974,995 8.4300%
191 VA 2,882,183 7.1100%
192 CA 2,786,988 7.1500%
193 CO 2,784,703 7.3400%
194 TX 2,768,389 8.0000%
195 NE 2,725,280 7.4400%
196 TX 2,689,292 8.0000%
197 SC 2,679,024 7.9700%
198 CO 2,685,031 7.5800%
199 NY 2,677,699 7.4000%
200 TX 2,637,891 7.2300%
201 CT 2,632,700 8.1100%
202 FL 2,487,912 7.5300%
203 NY 2,474,205 7.8600%
204 SC 2,486,207 7.2900%
205 AZ 2,485,778 7.8700%
206 NE 2,486,058 8.4600%
207 12/31/97TX 2,452,947 8.4400%
208 FL 2,464,092 7.4000%
209 NV 2,390,209 7.0900%
210 TX 2,386,314 7.8600%
211 TX 2,338,455 7.4600%
212 TX 2,337,978 7.2800%
213 NJ 2,328,066 7.8180%
214 GA 2,283,451 7.8900%
215 GA 2,285,904 7.4500%
216 FL 2,281,270 8.0100%
217 NY 2,239,742 7.4600%
218 12/31/97FL 2,232,407 8.2400%
219 FL 2,187,669 7.5200%
220 MO 2,189,276 7.1200%
221 12/31/97MD 2,161,757 7.4900%
222 NY 2,142,130 7.6400%
223 GA 2,138,678 8.1900%
224 KS 2,136,052 7.1600%
225 TX 2,116,143 6.9800%
226 VA 2,115,826 8.0200%
227 PA 2,108,644 8.1200%
228 NY 2,091,360 7.7200%
229 FL 2,090,960 7.5100%
230 FL 2,090,179 7.1200%
231 MO 2,030,056 7.1200%
232 LA 1,991,304 7.9900%
233 OH 1,989,928 7.3500%
234 TN 1,987,445 7.4500%
235 AZ 1,962,782 9.1700%
236 AZ 1,964,320 8.0800%
237 SC 1,939,452 7.6900%
238 CO 1,841,055 7.5300%
239 TX 1,816,819 7.3200%
240 VA 1,740,130 8.0000%
241 TX 1,735,216 7.8000%
242 CA 1,734,758 8.2000%
243 GA 1,734,288 7.5600%
244 CA 1,660,602 7.7000%
245 CA 1,616,837 8.4000%
246 MA 1,590,970 7.5000%
247 GA 1,540,336 7.9600%
248 FL 1,518,167 8.0800%
249 SC 1,441,906 7.5400%
250 TX 1,344,263 7.5700%
251 TX 1,289,099 8.4000%
252 TX 1,233,328 8.0500%
253 CT 1,117,656 8.1100%
254 FL 1,091,152 8.0800%
255 TX 1,062,605 7.5500%
256 FL 985,514 7.6600%
257 CA 955,326 7.5000%
258 FL 941,847 8.2800%
259 FL 843,163 8.0800%
260 IN 661,871 7.6500%
261 AL 610,506 8.1700%
Loan
DisclosureScheduled Prepayment Status
Control # P&I Prepayment Date Code (1)
1 440,438 0 B
2 285,091 0
3 225,133 0
5 170,059 0
6 148,901 0
7 138,067 0
8 148,059 0
9 142,948 0
10 127,696 0
11 139,945 0
12 127,964 0
13 124,850 0
14 130,346 0
15 132,200 0
16 132,352 0
17 143,396 0
18 123,009 1
19 129,817 0 B
20 106,898 0
22 108,370 0
23 98,432 0
24 125,130 0
25 101,507 0
26 95,783 0
27 97,914 0
28 96,887 0
29 101,910 0
30 103,262 0
31 88,683 0
32 95,309 0
33 85,418 0
34 89,746 0
35 103,362 0
36 83,580 0
37 87,779 0
38 84,977 0
39 82,840 0
40 84,729 0
41 82,922 0
42 82,758 0
43 82,273 0
44 78,684 0 B
45 77,499 0
46 79,329 0
47 73,103 0
48 83,787 0
49 73,575 0
50 71,050 0
51 69,585 0
52 68,625 0
53 71,697 0
54 70,127 0
55 83,769 0
56 69,245 0
57 68,107 0
58 69,451 0
59 67,404 0
60 70,504 0
61 64,188 0
62 74,744 0
63 71,661 0
64 73,504 0
65 68,991 0
66 60,772 0
67 64,938 0
68 62,325 0
69 59,193 0 B
70 58,737 0
71 61,423 0
72 55,445 0
73 54,791 0
74 53,554 0
75 53,633 2
76 51,567 0
77 50,343 0
78 48,873 0
79 50,446 0
80 47,231 0
81 48,706 0
82 47,354 0
83 51,541 0
84 47,985 0
85 50,558 0
86 45,158 0
87 52,773 0
88 45,982 0
89 49,481 0
90 48,500 0
91 44,969 0
92 50,589 0
93 52,595 0
94 48,146 0
95 49,989 0
96 44,784 0
97 47,548 0
98 41,135 0
99 41,625 0
100 47,905 0
101 40,809 0
102 45,005 0
103 46,718 0
104 43,795 0
105 42,391 0
106 43,439 0
107 40,396 0
108 40,796 0
109 41,706 0
110 39,194 0
111 40,197 0
112 45,863 0
113 40,828 0
114 32,338 0
115 41,344 0
116 37,352 0
117 40,781 0
118 37,922 0
119 36,920 0
120 36,987 0
121 38,631 0
122 40,031 0
123 35,344 0
124 29,936 0
125 35,485 0
126 36,410 0
127 36,625 0
128 39,160 0
129 32,895 0
130 39,811 0
131 38,404 0
132 31,411 0
133 30,881 0
134 31,650 0
135 31,619 0
136 30,515 0
137 34,256 0
138 33,365 0
139 31,115 0
140 30,599 0
141 29,748 0
142 30,615 0
143 32,160 0
144 31,104 0
145 29,739 0
146 30,931 0
147 30,391 0
148 29,423 0
149 31,882 0
150 29,629 0
151 29,109 0
152 28,583 0
153 28,765 0
154 31,819 0
155 28,945 0
156 28,808 0
157 30,427 0
158 28,208 0
159 32,182 0
160 28,270 0
161 27,477 0
162 28,106 0
163 28,507 0
164 27,645 0
165 27,333 0
166 30,119 0 B
167 25,341 0
168 30,831 0
169 25,122 0
170 24,778 0
171 24,803 0
172 24,628 0
173 25,975 0
174 25,231 0
175 23,948 0
176 23,263 0
177 25,448 0
178 23,841 0
179 22,244 0
180 24,711 0
181 26,448 0
182 22,263 0
183 23,288 0
184 21,009 0
185 21,697 0
186 19,919 0
187 23,174 0
188 21,451 0
189 24,545 0
190 22,919 0
191 20,701 0
192 18,911 0
193 19,272 0
194 20,545 0
195 20,215 0
196 19,958 0
197 21,371 0
198 19,027 0
199 19,777 0
200 18,042 0
201 19,648 0
202 17,532 0
203 20,694 0
204 17,122 0
205 18,118 0
206 19,152 0
207 21,601 0
208 17,136 0
209 16,113 0
210 17,377 0
211 16,367 0
212 16,079 0
213 17,855 0
214 17,585 0
215 16,003 0
216 17,767 0 B
217 15,671 0
218 17,725 0
219 15,885 0
220 14,814 0
221 17,629 0
222 15,240 0
223 16,062 0
224 14,536 0
225 14,109 0
226 15,622 0
227 15,734 0
228 15,001 0
229 14,698 0
230 14,141 0
231 13,737 0
232 14,661 0 B
233 13,779 0
234 13,916 0
235 18,214 0
236 14,602 0
237 13,889 0
238 12,973 0
239 12,536 0
240 12,914 0
241 13,276 0
242 13,739 0
243 12,266 0 B
244 12,597 0
245 13,016 0
246 11,187 0
247 11,922 0
248 14,409 0
249 11,797 0
250 9,504 0
251 9,904 0
252 10,720 0
253 8,341 0
254 8,548 0
255 7,518 0
256 8,154 0
257 6,712 0
258 7,509 0
259 6,606 0
260 4,718 0
261 4,816 0
* 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 3. P&I Adv - delinquent 3+ months
B. P&I Adv - < one month deli4. Mat. Balloon/Assumed P&I
1. P&I Adv - delinquent 1 mon5. Prepaid in Full
2. P&I Adv - delinquent 2 mon6. Specially Serviced
7. Foreclosure 11. Modification
8. Bankruptcy
9. REO
10. DPO
_
