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Previous: SUPERIOR FINANCIAL CORP /AR/, 8-A12G, 1999-01-05 |
Next: MERRILL LYNCH MORTGAGE INVT INC MOR PA THR CR SR 1998-C1-CTL, 8-K, 1999-01-05 |
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 : December 16, 1998
(Date of earliest event reported)
Commission File No.: 333-38073
Merrill Lynch Mortgage Investors, Inc.
Mortgage Pass-Through Certificates, Series 1998-CT1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
52-2095939
52-2095940
52-2095942
(I.R.S. Employer Identification No.)
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, Maryland 21044
(Address of principal executive offices) (Zip Code)
(410) 884-2000
Registrant's Full Telephone Number
(Former name, former address and former fiscal year,
if changed since last report)
<PAGE>
ITEM 5. Other Events
On December 16,1998 a distribution was made to holders of Merrill Lynch Mortgage
Investors, Inc. Mortgage Pass-Through Certificates, Series 1998-CT1 Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-CT1 Trust, relating to the December
16, 1998 distribution
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Merrill Lynch Mortgage Investors, Inc.
Mortgage Pass-Through Certificates, Series 1998-CT1 Trust
January 1 ,1999 by Norwest Bank Minnesota, N.A., as Trustee
/s/ Sherri J. Sharps, Vice President
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-CT1 Trust, relating to the December
16, 1998 distribution
<TABLE>
<CAPTION>
Merrill Lynch Mortgage Investors, Inc.
Mortgage Pass- Through Certificates
Series 1998- CT1
Payment Date: 12/16/98
Record Date: 11/30/98
Norwest Bank Minnesota, N. A.
Corporate Trust Services
3 New York Plaza, 15th Floor
New York, NY 10004
For Additional Information, please contact
Leslie Gaskill
(212) 515-5254
Reports Available on the World Wide Web
@ www. securitieslink. net/ cmbs
DISTRIBUTION DATE STATEMENT
Table of Contents
STATEMENT SECTIONS PAGE( s)
Certificate Distribution Detail 2
Certificate Factor Detail 3
Reconciliation Detail 4
Other Required Information 5
Ratings Detail 6-7
Tenant/Guarantor Ratings Stratification Tables 8
Current Mortgage Loan and Property Stratification Tables 9-11
Mortgage Loan Detail 12-15
Principal Prepayment Detail 16
Historical Detail 17
Delinquency Loan Detail 18
Specially Serviced Loan Detail 19-20
Modified Loan Detail 21
Liquidated Loan Detail 22
Underwriter
Merrill Lynch, Pierce, Fenner & Smith Inc.
World Financial Center, North Tower
250 Vesey Street
New York, NY 10281
Contact: John E. Gluszak
Phone Number: (212) 449- 1000
Servicer
GMAC Commercial Mortgage Corporation
650 Dresher Road
Horsham, PA 10944-8015
Contact: Coral I. Horstmeyer
Phone Number: (215) 328-1790
Special Servicer
GMAC Commercial Mortgage Corporation
650 Dresher Road
Horsham, PA 10944-8015
Contact: Coral I. Horstmeyer
Phone Number: (215) 328-1790
This report has been compiled from information provided to Norwest by various
third parties, which may include the Servicer, Master Servicer, Special Servicer
and others. Norwest has not independently confirmed the accuracy of information
received from these third parties and assumes no duty to do so. Norwest
expressly disclaims any responsibility for the accuracy or completeness of
information furnished by third parties.
Copyright 1997, Norwest Bank Minnesota, N. A.
Certificate Distribution Detail
Class\ Pass-Thru Original Beginning Principal
Component CUSIP Rate Balance Balance Distribution
<S> <C> <C> <C> <C> <C>
A-1 589929PS1 6.310000% 132,820,333.40 126,706,158.54 769,121.18
A-2 589929PT9 6.480000% 82,098,000.00 82,098,000.00 0.00
A-3 589929PU6 6.720000% 235,868,000.00 235,868,000.00 0.00
A-PO 589929QU5 0.000000% 1,469,666.60 1,455,242.17 2,405.98
B 589929PV4 6.750000% 38,765,000.00 38,765,000.00 0.00
C 589929PW2 6.750000% 32,304,000.00 32,304,000.00 0.00
D 589929PX0 6.750000% 38,765,000.00 38,765,000.00 0.00
E 589929PY8 6.750000% 9,691,000.00 9,691,000.00 0.00
F 589929QP6 6.250000% 58,147,000.00 58,147,000.00 0.00
G 589929QQ4 6.250000% 3,230,000.00 3,230,000.00 0.00
H 589929QR2 6.250000% 4,846,000.00 4,846,000.00 0.00
J 589929QS0 6.250000% 1,615,000.00 1,615,000.00 0.00
K 589929QT8 6.250000% 6,461,530.05 6,461,530.05 0.00
R-I NA 0.000000% 0.00 0.00 0.00
R-II NA 0.000000% 0.00 0.00 0.00
R-III NA 0.000000% 0.00 0.00 0.00
Totals 646,080,530.05 639,951,930.76 771,527.16
</TABLE>
<TABLE>
<CAPTION>
Realized Loss/
Interest Prepayment Additional Trust Total
Class CUSIP Distribution Premium Fund Expenses Distribution
<C> <C> <C> <C> <C> <C>
A-1 589929PS1 666,263.22 0.00 0.00 1,435,384.40
A-2 589929PT9 443,329.20 0.00 0.00 443,329.20
A-3 589929PU6 1,320,860.80 0.00 0.00 1,320,860.80
A-PO 589929QU5 0.00 0.00 0.00 2,405.98
B 589929PV4 218,053.12 0.00 0.00 218,053.12
C 589929PW2 181,710.00 0.00 0.00 181,710.00
D 589929PX0 218,053.12 0.00 0.00 218,053.12
E 589929PY8 54,511.88 0.00 0.00 54,511.88
F 589929QP6 314,139.18 0.00 0.00 314,139.18
G 589929QQ4 33,645.84 0.00 0.00 33,645.84
H 589929QR2 39,191.70 0.00 0.00 39,191.70
J 589929QS0 0.00 0.00 0.00 0.00
K 589929QT8 0.00 0.00 0.00 0.00
R-I NA 0.00 0.00 0.00 0.00
R-II NA 0.00 0.00 0.00 0.00
R-III NA 0.00 0.00 0.00 0.00
Totals 3,489,758.06 0.00 0.00 4,261,285.22
Current
Ending Subordination
Class CUSIP Balance Level (1)
<S> <C> <C> <C>
A-1 589929PS1 125,937,037.36 30.32%
A-2 589929PT9 82,098,000.00 30.32%
A-3 589929PU6 235,868,000.00 30.32%
A-PO 589929QU5 1,452,836.19 30.32%
B 589929PV4 38,765,000.00 24.26%
C 589929PW2 32,304,000.00 19.21%
D 589929PX0 38,765,000.00 13.14%
E 589929PY8 9,691,000.00 11.62%
F 589929QP6 58,147,000.00 2.53%
G 589929QQ4 3,230,000.00 2.02%
H 589929QR2 4,846,000.00 1.26%
J 589929QS0 1,615,000.00 1.01%
K 589929QT8 6,461,530.05 0.00%
R-I NA 0.00 0.00%
R-II NA 0.00 0.00%
R-III NA 0.00 0.00%
Totals 639,180,403.60
Original Beginning
Pass-Through Notional Notional
Class Cusip Rate Amount Amount
<S> <C> <C> <C> <C>
IO 589929PZ5 0.901846% 644,610,863.45 638,496,688.64
Interest Prepayment Total
Class Cusip Distribution Premium Distribution
<S> <C> <C> <C> <C>
IO 589929PZ5 479,854.56 0.00 479,854.56
</TABLE>
<TABLE>
<CAPTION>
Ending
Notional
Class Cusip Amount
<S> <C> <C>
IO 589929PZ5 637,727,567.41
<FN>
(1) Calculated by taking (A) the sum of the ending certificate balance of all
classes less (B) the sum of (i) the ending certificate balance of the designated
class and (ii) the ending certificate balance of all classes which are not
subordinate to the designated class and dividing the result by (A).
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificate Factor Detail
Class\ Beginning Principal Interest
Component CUSIP Balance Distribution Distribution
<S> <C> <C> <C> <C>
A-1 589929PS1 953.96657497 5.79068852 5.01627426
A-2 589929PT9 1,000.00000000 0.00000000 5.40000000
A-3 589929PU6 1,000.00000000 0.00000000 5.60000000
A-PO 589929QU5 990.18523657 1.63709239 0.00000000
B 589929PV4 1,000.00000000 0.00000000 5.62499987
C 589929PW2 1,000.00000000 0.00000000 5.62500000
D 589929PX0 1,000.00000000 0.00000000 5.62499987
E 589929PY8 1,000.00000000 0.00000000 5.62500052
F 589929QP6 1,000.00000000 0.00000000 5.40250021
G 589929QQ4 1,000.00000000 0.00000000 10.41666873
H 589929QR2 1,000.00000000 0.00000000 8.08743293
J 589929QS0 1,000.00000000 0.00000000 0.00000000
K 589929QT8 1,000.00000000 0.00000000 0.00000000
R-I NA 0.00000000 0.00000000 0.00000000
R-II NA 0.00000000 0.00000000 0.00000000
R-III NA 0.00000000 0.00000000 0.00000000
Realized Loss/
Class\ Prepayment Additional Trust Ending
Component CUSIP Premium Fund Expenses Balance
<S> <C> <C> <C> <C>
A-1 589929PS1 0.00000000 0.00000000 948.17588645
A-2 589929PT9 0.00000000 0.00000000 1,000.00000000
A-3 589929PU6 0.00000000 0.00000000 1,000.00000000
A-PO 589929QU5 0.00000000 0.00000000 988.54814418
B 589929PV4 0.00000000 0.00000000 1,000.00000000
C 589929PW2 0.00000000 0.00000000 1,000.00000000
D 589929PX0 0.00000000 0.00000000 1,000.00000000
E 589929PY8 0.00000000 0.00000000 1,000.00000000
F 589929QP6 0.00000000 0.00000000 1,000.00000000
G 589929QQ4 0.00000000 0.00000000 1,000.00000000
H 589929QR2 0.00000000 0.00000000 1,000.00000000
J 589929QS0 0.00000000 0.00000000 1,000.00000000
K 589929QT8 0.00000000 0.00000000 1,000.00000000
R-I NA 0.00000000 0.00000000 0.00000000
R-II NA 0.00000000 0.00000000 0.00000000
R-III NA 0.00000000 0.00000000 0.00000000
</TABLE>
<TABLE>
<CAPTION>
Beginning Ending
Class Notional Interest Prepayment Notional
CUSIP Balance Distribution Premium Amount
<S> <C> <C> <C> <C> <C>
IO 589929PZ5 990.51493675 0.74440967 0.0000000 989.32178089
</TABLE>
<TABLE>
<CAPTION>
Reconciliation Detail
Advance Summary
<S> <C>
P & I Advances Outstanding 153,778.40
Servicing Advances Outstanding 0.00
Reimbursement for Interest on P& I 0.00
Advances paid from general collections
Reimbursement for Interest on Servicing 0.00
Advances paid from general collections
</TABLE>
<TABLE>
<CAPTION>
Master Servicing Fee Summary
<S> <C>
Current Period Accrued Master Servicing Fees 21,331.73
Less Master Servicing Fees on Delinquent Payments 683.01
Less Reductions to Master Servicing Fees 0.00
Plus Master Servicing Fees for Delinquent Payments Received 4,467.55
Plus Adjustments for Prior Master Servicing Calculation 0.00
Total Master Servicing Fees Collected 25,116.27
</TABLE>
<TABLE>
<CAPTION>
Certificate Interest Reconciliation
Accrued Net Aggregate Distributable Distributable
Certificate Prepayment Certificate Certificate Interest
Class Interest Interest Shortfall Interest Adjustment
<S> <C> <C> <C> <C>
A-1 666,263.22 0.00 666,263.22 0.00
A-2 443,329.20 0.00 443,329.20 0.00
A-3 1,320,860.80 0.00 1,320,860.80 0.00
IO 479,854.56 0.00 479,854.56 0.00
B 218,053.12 0.00 218,053.12 0.00
C 181,710.00 0.00 181,710.00 0.00
D 218,053.12 0.00 218,053.12 0.00
E 54,511.88 0.00 54,511.88 0.00
F 302,848.96 0.00 302,848.96 11,290.22
G 16,822.92 0.00 16,822.92 16,822.92
H 25,239.58 0.00 25,239.58 13,952.12
J 8,411.46 0.00 8,411.46 -8,411.46
K 33,653.80 0.00 33,653.80 -33,653.80
Total 3,969,612.62 0.00 3,969,612.62 0.00
</TABLE>
<TABLE>
<CAPTION>
Additional Remaining Unpaid
Trust Fund Interest Distributable
Class Expenses Distribution Certificate Interest
<S> <C> <C> <C>
A-1 0.00 666,263.12 0.00
A-2 0.00 443,329.20 0.00
A-3 0.00 1,320,860.80 0.00
IO 0.00 479,854.56 0.00
B 0.00 218,053.12 0.00
C 0.00 181,710.00 0.00
D 0.00 218,053.12 0.00
E 0.00 54,511.88 0.00
F 0.00 314,139.18 0.00
G 0.00 33,645.84 0.00
H 0.00 39,191.70 11,287.46
J 0.00 0.00 16,822.92
K 0.00 0.00 71,255.39
Total 0.00 3,969,612.62 99,365.77
</TABLE>
<TABLE>
<CAPTION>
Other Required Information
<S> <C>
Available Distribution Amount 4,741,139.78
Aggregate Number of Outstanding Loans 105
Aggregate Unpaid Principal Balance of Loans 639,206,833.69
Aggregate Stated Principal Balance of Loans 639,180,403.59
Aggregate Amount of Master Servicing Fee 25,116.27
Aggregate Amount of Special Servicing Fee 0.00
Aggregate Amount of Trustee Fee 2,666.45
Aggregate Trust Fund Expenses 0.00
Specially Serviced Loans not Delinquent
Number of Outstanding Loans 0
Aggregate Unpaid Principal Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
Appraisal Reduction Amount
Appraisal Date Appraisal
Loan Reduction Reduction
Number Effected Effected
<S> <C> <C>
None
</TABLE>
<TABLE>
<CAPTION>
Ratings Detail
Original Ratings Current Ratings (1)
Class CUSIP DCR Fitch Moody's S & P DCR Fitch Moody's S&P
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 589929PS1 NR X Aaa AAA NR X Aaa AAA
A-2 589929PT9 NR X Aaa AAA NR X Aaa AAA
A-3 589929PU6 NR X Aaa AAA NR X Aaa AAA
A-PO 589929QU5 NR X Aaa NR NR X Aaa NR
IO 589929PZ5 NR X Aaa AAAr NR X Aaa AAAr
B 589929PV4 NR X Aa2 AA NR X Aa2 AA
C 589929PW2 NR X A2 A NR X A2 A
D 589929PX0 NR X Baa2 BBB NR X Baa2 BBB
E 589929PY8 NR X Baa3 BBB- NR X Baa3 BBB-
F 589929QP6 BB X NR NR BB X NR NR
G 589929QQ4 BB- X NR NR BB- X NR NR
H 589929QR2 B X NR NR B X NR NR
J 589929QS0 B- X NR NR B- X NR NR
K 589929QT8 NR X NR NR NR X NR NR
<FN>
NR - Designates that the class was not rated by the above agency at the
time of original issuance.
X- Designates that the above rating agency did not rate any classes
in this transaction at the time of original issuance.
N/A- Data not available this period.
1) For any class not rated at the time of original issuance by any particular
rating agency, no request has been made subsequent to issuance to obtain rating
information, if any, from such rating agency. The current ratings were
obtained directly from the applicable rating agency within 30 days of the
payment date listed above. The ratings may have changed since they were
obtained. Because the ratings may have changed, you may want to obtain
current ratings directly from the rating agencies.
Duff & Phelps Credit Rating Co.
55 East Monroe Street
Chicago, Illinois 60603
(312) 368- 3100
Fitch IBCA, Inc.
One State Street Plaza
New York, New York 10004
(212) 908- 0500
Moody's Investors Service
99 Church Street
New York, New York 10007
(212) 553- 0300
Standard & Poor's Rating Services
26 Broadway
New York, New York 10004
(212) 208- 8000
</FN>
</TABLE>
<TABLE>
<CAPTION>
TENANT/GUARANTOR RATINGS DETAIL
Ending Original Ratings
Scheduled
Tenant/Guarantor Balance Moody's (1) S&P (2)
<S> <C> <C> <C>
Rite Aid Corporation 116,784,777.59 Baa1 BBB+
Allegheny General Hospital 102,334,932.81 A3 A
Circuit City Stores 68,163,128.77 -3 -3
Nine West Group, Inc. 45,178,264.71 Ba2 BB
Fred Meyer, Inc. 44,435,523.40 Ba2 BB+
Q Clubs Inc. 43,115,495.37 -3 -3
Northwestern Human Services, Inc. 33,729,538.46 -3 BBB
Heilig-Meyers Company 32,214,887.99 Ba1 (4) BB+
Baptist Hospital, Inc. 23,095,057.95 Aa3 AA-
Kmart Corp. 22,445,192.87 Ba2 BB
Home Depot U.S.A., Inc. 20,958,188.72 -3 -3
Federal Insurance Company 17,517,529.98 Aaa AAA
County of Monroe 15,786,923.64 Aa2 AA
Health Insurance Plan of Greater New York 15,232,518.71 -3 BB-
The Golub Corporation (Price Chopper) 11,539,680.70 -3 -3
Allegheny Hospitals, Centennial 9,185,913.22 -3 BB
Giant Foods, Inc. 4,667,635.52 -3 -3
Office Depot, Inc. 4,472,333.17 Baa2 BB+
The Times Mirror Company 3,500,980.47 A2 A+
Time Warner Entertainment, L.P. 2,978,556.44 Baa3 BBB-
Eckerd Corp. 1,843,343.10 -3 A
</TABLE>
<TABLE>
<CAPTION>
Current Ratings
Moody's (1) S&P (2)
Tenant/Guarantor Ratings (5) Ratings (6)
<S> <C> <C>
Rite Aid Corporation Baa1 BBB+
Allegheny General Hospital B1 B X
Circuit City Stores (3) (3)
Nine West Group, Inc. Ba2 BB X
Fred Meyer, Inc. Ba2 X BB+ X
Q Clubs Inc. (3) (3)
Northwestern Human Services, Inc. (3) BBB
Heilig-Meyers Company Ba1 (4) BB+
Baptist Hospital, Inc. Aa3 AA-
Kmart Corp. Ba2 BB
Home Depot U.S.A., Inc. (3) (3)
Federal Insurance Company Aaa AAA
County of Monroe Aa2 AA
Health Insurance Plan of Greater New York (3) BB- X
The Golub Corporation (Price Chopper) (3) (3)
Allegheny Hospitals, Centennial (3) CCC
Giant Foods, Inc. (3) (3)
Office Depot, Inc. Baa2 X BB+ X
The Times Mirror Company A2 A+
Time Warner Entertainment, L.P. Baa2 BBB-
Eckerd Corp. (3) A X
<FN>
1) Long Term Debt Rating
2) Corporate Credit Rating
3) No public rating abailable
4) Such rating reflects the rating assigned to MacSaver Financial Services, Inc.
a subsidiary of Heilig-Meyers company, for which Heilig-Meyers company has
Guaranteed its long term debt.
5) "X" indicates tenant/guarantor is on Review (positive or negative)
6) "X" indicates tenant/guarantor is on Credit Watch (positive or negative)
Moody's Investors Service
99 Church Street
New York, New York 10007
(212)553-0300
Standard & Poor's Rating Services
26 Broadway
New York, New York 10004
(212)208-8000
</FN>
</TABLE>
<TABLE>
<CAPTION>
Tenant/Guarantor Ratings Stratification Tables
Moody's Ratings
% of
# of Scheduled Agg. WAM
Rating Loans Balance Bal. (1) WAC
<S> <C> <C> <C> <C> <C>
Aaa 1 17,517,529.98 2.74 163 6.9000
Aa2 1 15,786,923.64 2.47 237 6.6400
Aa3 2 23,095,057.95 3.61 263 6.9794
A1 0 0.00 0.00 0 0.0000
A2 1 3,500,980.47 0.55 149 6.6300
A3 0 0.00 0.00 0 0.0000
Baa1 42 116,784,777.59 18.27 250 6.7992
Baa2 2 7,450,889.61 1.17 200 8.2352
Baa3 0 0.00 0.00 0 0.0000
Investment Grade Subtotal 49 184,136,159.24 28.81 239 6.8726
Ba1 20 32,214,887.99 5.04 248 7.4800
Ba2 8 112,058,980.98 17.53 242 8.2429
Ba3 0 0.00 0.00 0 0.0000
B1 2 0.00 0.00 0 0.0000
B2 0 0.00 0.00 0 0.0000
B3 0 0.00 0.00 0 0.0000
Caa1 2 102,334,932.81 16.01 235 6.9381
Caa2 0 0.00 0.00 0 0.0000
Caa3 0 0.00 0.00 0 0.0000
Non-investment Grade Subtotal 30 246,608,801.78 38.58 240 7.6018
No Public Rating 26 208,435,442.57 32.61 226 7.8971
No Available Ratings Subtotal 26 208,435,442.57 32.61 226 7.8971
Totals 105 639,180,403.59 100.00 235 7.4880
</TABLE>
<TABLE>
<CAPTION>
Standard & Poors Ratings
% of
# of Scheduled Agg. WAM
Ratings Loans Balance Bal. (1) WAC
<S> <C> <C> <C> <C> <C>
AAA 1 17,517,529.98 2.74 163 6.9000
AA 1 15,786,923.64 2.47 237 6.6400
AA- 2 23,095,057.95 3.61 263 6.9794
A+ 1 3,500,980.47 0.55 149 6.6300
A 1 1,843,343.10 0.29 211 7.1900
A- 0 0.00 0.00 0 0.0000
BBB+ 42 116,784,777.59 18.27 250 6.7992
BBB 3 33,729,538.46 5.28 113 7.3190
BBB- 1 2,978,556.44 0.47 171 7.3600
Investment Grade Subtotal 52 215,236,707.63 33.67 219 6.9049
BB+ 24 81,122,744.56 12.69 252 7.6809
BB 5 67,623,457.58 10.58 230 8.5917
BB- 1 15,232,518.71 2.38 290 8.3500
B+ 0 0.00 0.00 0 0.0000
B 2 102,334,932.81 16.01 235 6.9381
B- 0 0.00 0.00 0 0.0000
CCC+ 0 0.00 0.00 0 0.0000
CCC 1 9,185,913.22 1.44 226 7.8700
CCC- 0 0.00 0.00 0 0.0000
Non-Investment Grade Subtotal 33 275,499,566.88 43.10 242 7.6718
No Public rating 20 148,444,129.08 23.22 245 7.9925
No Available ratings Subtotal 20 148,444,129.08 23.22 245 7.9925
Totals 105 639,180,403.59 100.00 235 7.4880
<FN>
(1) Anticipated Remainging Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Current Mortgage Loan and Property Stratification Tables
Scheduled Balance
% of
Scheduled # of Scheduled Agg WAM Weighted
Balance Loans Balance Bal. (2) WAC Avg DCSR (1)
<S> <C> <C> <C> <C> <C> <C>
Below 1,000,000 2 1,730,119.30 0.27 248 7.4800 NAP
1,000,001 to 2,000,000 26 41,985,917.39 6.57 244 7.3081 NAP
2,000,001 to 3,000,000 22 55,354,098.24 8.66 246 6.8489 NAP
3,000,001 to 4,000,000 13 43,943,210.32 6.87 232 6.9684 NAP
4,000,001 to 5,000,000 8 35,973,283.17 5.63 252 7.3691 NAP
5,000,001 to 6,000,000 7 39,212,748.07 6.13 256 7.8206 NAP
6,000,001 to 7,000,000 6 39,945,443.35 6.25 255 8.2527 NAP
7,000,001 to 8,000,000 2 14,853,258.17 2.32 220 8.2394 NAP
8,000,001 to 9,000,000 3 24,627,184.78 3.85 242 8.3893 NAP
9,000,001 to 10,000,000 2 18,601,192.90 2.91 235 7.7536 NAP
10,000,001 to 15,000,000 4 52,638,110.85 8.24 220 7.5360 NAP
15,000,001 to 20,000,000 6 101,844,450.81 15.93 221 7.3378 NAP
20,000,001 to 25,000,000 1 20,958,188.72 3.28 226 6.9600 NAP
25,000,001 to 30,000,000 0 0.00 0.00 0 0.0000 0.000000
30,000,001 to 40,000,000 1 35,164,844.72 5.50 214 7.0300 NAP
40,000,001 to 50,000,000 1 45,178,264.71 7.07 219 9.0000 NAP
50,000,001 to 60,000,000 0 0.00 0.00 0 0.0000 0.000000
60,000,001 and greater 1 67,170,088.09 10.51 246 6.8900 NAP
Totals 105 639,180,403.59 100.00 235 7.4880 0.000000
</TABLE>
<TABLE>
<CAPTION>
State (3)
% of
# of Scheduled Agg WAM Weighted
State Props. Balance Bal. (2) WAC Avg DCSR (1)
<S> <C> <C> <C> <C> <C> <C>
California 11 39,274,810.42 6.14 239 7.2297 NAP
Colorado 1 6,803,499.18 1.06 250 8.6100 NAP
Connecticut 1 2,846,072.63 0.45 252 6.7390 NAP
Florida 6 40,224,606.91 6.29 235 8.0574 NAP
Idaho 3 7,158,276.32 1.12 250 7.0736 NAP
Illinois 4 29,109,977.69 4.55 233 7.2977 NAP
Iowa 4 7,793,697.56 1.22 248 7.4800 NAP
Kansas 1 5,661,653.16 0.89 250 8.6100 NAP
Kentucky 2 4,298,551.42 0.67 252 6.7390 NAP
Louisiana 1 788,469.74 0.12 248 7.4800 NAP
Maine 1 1,792,197.60 0.28 216 7.6200 NAP
Michigan 5 24,806,968.17 3.88 250 7.5551 NAP
Montana 1 941,649.56 0.15 248 7.4800 NAP
Nevada 1 4,907,020.89 0.77 252 6.7390 NAP
New Hampshire 2 4,318,178.33 0.68 252 6.7390 NAP
New Jersey 5 22,982,617.37 3.60 176 6.9008 NAP
New York 10 96,266,570.81 15.06 241 8.1036 NAP
Ohio 7 22,363,376.09 3.50 243 7.3948 NAP
Oregon 7 32,907,426.20 5.15 255 7.4280 NAP
Pennsylvania 44 161,198,083.42 25.22 211 7.1137 NAP
South Carolina 1 3,294,187.20 0.52 243 7.6400 NAP
Tennessee 3 24,998,982.48 3.91 263 6.9611 NAP
Texas 4 26,640,507.63 4.17 241 8.7600 NAP
Utah 1 3,336,775.01 0.52 252 6.7390 NAP
Vermont 3 9,536,830.29 1.49 274 7.5051 NAP
Virginia 4 12,420,729.04 1.94 263 7.0701 NAP
Washington 8 41,281,933.25 6.46 256 7.4419 NAP
West Virginia 1 1,226,755.22 0.19 252 6.7390 NAP
Totals 142 639,180,403.59 100.00 235 7.4880 0.000000
</TABLE>
<TABLE>
<CAPTION>
Note Rate
% of
Note # of Scheduled Agg WAM Weighted
Rate Loans Balance Bal. (2) WAC Avg DCSR (1)
<S> <C> <C> <C> <C> <C> <C>
6.999% or Less 43 235,793,207.40 36.89 229 6.8029 NAP
7.000% to 7.499% 29 128,838,026.35 20.16 203 7.2341 NAP
7.500% to 7.999% 21 149,137,406.14 23.33 252 7.7060 NAP
8.000% to 8.499% 1 15,232,518.71 2.38 290 8.3500 NAP
8.500% to 8.999% 10 65,000,980.28 10.17 242 8.7238 NAP
9.000% to 9.499% 1 45,178,264.71 7.07 219 9.0000 NAP
9.500% to 9.999% 0 0.00 0.00 0 0.0000 0.000000
10.000% or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 105 639,180,403.59 100.00 235 7.4880 0.000000
</TABLE>
<TABLE>
<CAPTION>
Seasoning
% of
# of Scheduled Agg WAM Weighted
Seasoning Loans Balance Bal. (2) WAC Avg DCSR (1
<S> <C> <C> <C> <C> <C> <C>
12 months or less 56 324,233,695.04 50.73 241 7.2447 NAP
13 to 24 months 49 314,946,708.55 49.27 228 7.7386 NAP
25 to 36 months 0 0.00 0.00 0 0.0000 0.000000
37 to 48 months 0 0.00 0.00 0 0.0000 0.000000
49 and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 105 639,180,403.59 100.00 235 7.4880 0.000000
</TABLE>
<TABLE>
<CAPTION>
Property Type (3)
% of
Property # of Scheduled Agg WAM Weighted
Type Props. Balance Bal. (2) WAC Avg DCSR (1)
<S> <C> <C> <C> <C> <C> <C>
Office 11 234,810,677.93 36.74 231 7.4448 NAP
Other 40 33,729,538.46 5.28 113 7.3190 NAP
Retail 91 370,640,187.20 57.99 249 7.5308 NAP
Totals 142 639,180,403.59 100.00 235 7.4880 0.000000
</TABLE>
<TABLE>
<CAPTION>
Anticipated Remaining Term (ARD and Balloon Loans)
% of
Anticipated Remaining # of Scheduled Agg WAM Weighted
Term (2) Loans Balance Bal (2) WAC Avg DCSR (1)
<S> <C> <C> <C> <C> <C> <C>
72 months or less 0 0.00 0.00 0 0.0000 0.000000
73 to 84 months 0 0.00 0.00 0 0.0000 0.000000
85 to 96 months 0 0.00 0.00 0 0.0000 0.000000
97 to 108 months 2 19,593,984.11 3.07 104 7.4482 NAP
109 to 120 months 0 0.00 0.00 0 0.0000 0.000000
121 to 180 months 1 14,135,554.35 2.21 126 7.1400 NAP
181 to 204 months 0 0.00 0.00 0 0.0000 0.000000
205 months or greater 38 128,421,960.21 20.09 248 6.7751 NAP
Totals 41 162,151,498.67 25.37 220 6.8882 0.000000
</TABLE>
<TABLE>
<CAPTION>
Remaining Stated Term (Fully Amortizing Loans)
% of
Remaining # of Scheduled Agg WAM Weighted
Stated Term Loans Balance Bal. (2) WAC Avg DCSR (1)
<S> <C> <C> <C> <C> <C> <C>
108 months or less 0 0.00 0.00 0 0.0000 0.000000
109 to 120 months 0 0.00 0.00 0 0.0000 0.000000
121 to 228 months 11 130,542,453.61 20.42 206 7.8629 NAP
229 to 240 months 2 18,451,276.00 2.89 236 6.7887 NAP
241 to 258 months 40 217,379,646.76 34.01 245 7.6639 NAP
259 to 280 months 7 79,390,015.42 12.42 263 7.5480 NAP
281 to 292 months 4 31,265,513.13 4.89 288 8.0717 NAP
293 months or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 64 477,028,904.92 74.63 240 7.6919 0.000000
</TABLE>
<TABLE>
<CAPTION>
Remaining Amortization Term (ARD and Balloon Loans)
% of
Remaining # of Scheduled Agg WAM Weighted
Amortization Term Loans Balance Bal. (2) WAC Avg DCSR (1)
<S> <C> <C> <C> <C> <C> <C>
180 months or less 0 0.00 0.00 0 0.0000 0.000000
181 to 192 months 0 0.00 0.00 0 0.0000 0.000000
193 to 204 months 0 0.00 0.00 0 0.0000 0.000000
205 to 228 months 0 0.00 0.00 0 0.0000 0.000000
229 to 240 months 3 33,729,538.46 5.28 113 7.3190 NAP
241 to 252 months 0 0.00 0.00 0 0.0000 0.000000
253 to 288 months 37 107,463,771.49 16.81 252 6.7390 NAP
289 months or greater 1 20,958,188.72 3.28 226 6.9600 NAP
Totals 41 162,151,498.67 25.37 220 6.8882 0.000000
<FN>
(1) Debt Service Coverage Ratios are calculated as described in the prospectus,
values are updated periodically as new NOI figures become available from
borrowers on an asset level. The Trustee makes no representations as to the
accuracy of the data provided by the borrower for this calculation. "NAP" means
not applicable and relates to the ommission of credit lease loans in the
calculation of DSCR.
(2) Anticipated Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro- rata the current loan
information to the properties based upon the Cut- off Date balance of each
property as disclosed in the offering document.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Mortgage Loan Detail
Loan Interest Principal Gross
Number ODCR Type City State Payment Payment Coupon
<S> <C> <C> <C> <C> <C> <C> <C>
987004863 1 OF Wayne PA 60,244.28 0.00 7.870%
987004864 2 OF Pittsburgh PA 206,007.38 0.00 7.030%
987004865 3 OF Pittsburgh PA 385,668.26 0.00 6.890%
987004866 4 OF Nashville TN 115,915.17 30,909.44 7.050%
987004867 5 OF Nashville TN 18,625.31 6,158.84 6.570%
987004868 6 RT Denver CO 48,885.03 9,744.97 8.610%
987004869 7 RT Orlando FL 76,158.08 20,557.67 7.640%
987004870 8 RT West Palm Beach FL 44,555.85 12,027.15 7.640%
987004871 9 RT Crystal Lake IL 35,552.75 7,087.25 8.610%
987004872 10 RT Wichita KS 40,680.55 8,109.45 8.610%
987004873 11 RT Westland MI 51,991.67 14,034.33 7.640%
987004874 12 RT Kentwood MI 35,570.94 9,601.81 7.640%
987004875 13 RT Boardman OH 34,331.64 9,267.28 7.640%
987004876 14 RT Wilkins Township PA 60,047.14 16,208.78 7.640%
987004877 15 RT Anderson SC 21,009.10 5,671.07 7.640%
987004878 16 RT Neptune Beach FL 11,067.28 3,769.12 7.190%
987004879 17 OF Florham Park NJ 100,984.21 44,941.36 6.900%
987004880 18 RT Portland OR 115,313.38 26,759.12 7.730%
987004881 19 RT Vancouver WA 85,782.66 20,065.51 7.700%
987004882 20 RT Bonney Lake WA 84,907.33 19,860.75 7.700%
987004883 21 RT Fairfax VA 29,677.19 5,938.23 7.620%
987004884 24 OF Forest Hills NY 106,054.08 8,786.78 8.350%
987004885 25 RT Antioch CA 14,786.99 3,997.90 7.480%
987004886 26 RT Vallejo CA 7,564.46 2,045.17 7.480%
987004887 27 RT Redding CA 7,950.28 2,149.49 7.480%
987004888 28 RT Burlington IA 19,540.54 5,283.11 7.480%
987004889 29 RT Cedar Rapids IA 10,258.26 2,773.49 7.480%
987004890 30 RT Dubuque IA 9,222.76 2,493.52 7.480%
987004891 31 RT Waterloo IA 9,641.16 2,606.65 7.480%
987004892 32 RT Twin Falls ID 7,805.04 2,110.22 7.480%
987004893 33 RT Boise ID 12,379.22 3,346.92 7.480%
987004894 34 RT Moline IL 9,938.50 2,687.03 7.480%
987004895 35 RT Quincy IL 10,065.51 2,721.37 7.480%
987004896 36 RT Baton Rouge LA 4,923.09 1,331.04 7.480%
987004897 37 RT Billings MT 5,879.52 1,589.63 7.480%
987004898 38 RT Tigard OR 10,409.49 2,814.37 7.480%
987004899 39 RT Eugene OR 10,409.49 2,814.37 7.480%
987004900 40 RT Hillsboro OR 10,409.49 2,814.37 7.480%
987004901 41 RT Salem OR 10,549.67 2,852.28 7.480%
987004902 42 RT Vancouver WA 10,068.05 2,722.06 7.480%
987004903 43 RT North Spokane WA 11,778.19 3,184.43 7.480%
987004904 44 RT Yakima WA 7,565.43 2,045.44 7.480%
987004905 45 RT Bedford Park IL 121,696.40 23,949.25 6.960%
987004906 48 RT Taft CA 34,743.40 6,151.74 7.810%
987004907 49 RT Ukiah CA 47,434.25 18,407.78 7.710%
987004908 50 RT Riverside CA 19,606.77 3,907.66 7.800%
987004909 51 RT Sterling Heights MI 43,788.55 9,170.18 7.790%
987004910 52 OF Laguna Hills CA 19,391.28 8,753.74 6.630%
987004911 53 OF Rochester NY 87,534.38 32,542.18 6.640%
987004912 54 OF White Plains NY 339,446.77 81,304.22 9.000%
987004913 55 OT Various PA 23,850.42 7,384.36 7.400%
987004914 56 OT Various PA 98,005.70 31,258.03 7.460%
987004915 57 OT Northumberland PA 84,106.55 (35,970.01) 7.140%
987004916 58 RT Brooklyn OH 32,877.72 1,840.30 8.818%
987004917 59 RT Wallkill NY 34,768.66 4,352.26 7.571%
987004918 60 RT St. Albans VT 39,996.30 3,959.95 7.950%
987004919 61 RT Coral Springs FL 61,158.83 12,705.68 8.760%
987004920 62 RT Plantation FL 59,291.25 12,317.70 8.760%
987004921 64 RT Mesquite TX 47,237.89 9,813.62 8.760%
987004922 65 RT Richardson TX 50,630.35 10,518.40 8.760%
987004923 66 RT Plano TX 54,752.02 11,374.68 8.760%
987004924 67 RT Willow Brook TX 42,150.83 8,756.79 8.760%
987004925 68 RT Brentwood CA 25,939.61 6,412.45 6.739%
987004926 69 RT Elk Grove CA 22,628.17 5,593.84 6.739%
987004927 70 RT Newman CA 18,212.92 4,502.36 6.739%
987004928 74 RT Truckee CA 18,764.82 4,638.80 6.739%
987004929 75 RT Watertown CT 16,005.29 3,956.62 6.739%
987004930 76 RT Caldwell ID 22,076.26 5,457.41 6.739%
987004931 77 RT Carrolton KY 12,693.85 3,138.01 6.739%
987004932 78 RT Salyersville KY 11,479.66 2,837.85 6.739%
987004933 79 RT Madison Hgts. MI 15,729.34 3,888.40 6.739%
987004934 80 RT Merrimack NH 11,314.08 2,796.92 6.739%
987004935 81 RT Milford NH 12,969.80 3,206.23 6.739%
987004936 82 RT Carteret NJ 23,731.98 5,866.71 6.739%
987004937 83 RT Las Vegas NV 27,595.32 6,821.76 6.739%
987004938 84 RT Brentwood NY 19,868.63 4,911.67 6.739%
987004939 85 RT Brooklyn NY 17,109.10 4,229.49 6.739%
987004940 86 RT Catskill NY 13,521.71 3,342.66 6.739%
987004941 87 RT Champlain NY 10,486.22 2,592.27 6.739%
987004942 88 RT Ravena NY 11,590.04 2,865.14 6.739%
987004943 89 RT Cleveland OH 14,487.55 3,581.42 6.739%
987004944 90 RT Dayton OH 15,177.43 3,751.97 6.739%
987004945 91 RT N. Ridgeville OH 14,487.55 3,581.42 6.739%
987004946 92 RT Woodmere OH 16,833.15 4,161.27 6.739%
987004947 93 RT Lake Oswego OR 13,245.76 3,274.44 6.739%
987004948 94 RT Salem OR 33,666.29 8,322.55 6.739%
987004949 95 RT Bethel Park PA 14,597.93 3,608.71 6.739%
987004950 96 RT Philadelphia PA 14,156.40 3,499.56 6.739%
987004951 97 RT Elizbethton TN 10,706.99 2,646.84 6.739%
987004952 98 RT West Valley UT 18,764.82 4,638.80 6.739%
987004953 99 RT Roanoke VA 14,349.57 3,547.31 6.739%
987004954 100 RT Staunton VA 13,245.76 3,274.44 6.739%
987004955 101 RT Virginia Beach VA 16,005.29 3,956.62 6.739%
987004956 102 RT Essex Junction VT 10,596.60 2,619.56 6.739%
987004957 103 RT Middlebury VT 9,106.46 2,251.18 6.739%
987004958 104 RT Ellensburg WA 18,764.82 4,638.80 6.739%
987004959 105 RT Pullman WA 14,349.57 3,547.31 6.739%
987004960 106 RT Yakima WA 23,180.07 5,730.28 6.739%
987004961 107 RT Belle WV 6,898.83 1,705.44 6.739%
987004962 108 RT Vermilion OH 9,789.97 2,989.49 7.050%
987004963 109 RT Traverse City MI 9,354.32 3,525.76 7.253%
987004964 110 RT Old Orchard Beach ME 11,405.01 3,866.74 7.620%
987004965 111 RT Landsdale PA 17,047.27 2,756.28 7.670%
987004966 112 RT Schenectady NY 10,705.10 2,771.36 7.740%
987004967 113 OF Auburndale FL 18,328.84 9,840.74 7.360%
Totals 3,993,610.89 771,527.16
</TABLE>
<TABLE>
<CAPTION>
Mortgage Loan Detail
Anticipated Beginning Ending Paid
Loan Repayment Maturity Neg Amort Scheduled Scheduled Thru
Number Date Date (Y/N) Balance Balance Date
<S> <C> <C> <C> <C> <C> <C>
987004863 N/A 10/10/2017 N 9,185,913.22 9,185,913.22 07/10/1998
987004864 N/A 10/01/2016 N 35,164,844.72 35,164,844.72 10/01/1998
987004865 N/A 06/10/2019 N 67,170,088.09 67,170,088.09 09/10/1998
987004866 N/A 01/10/2021 N 19,730,242.38 19,699,332.94 12/10/1998
987004867 N/A 10/2/2020 N 3,401,883.85 3,395,725.01 11/10/1998
987004868 N/A 10/5/2019 N 6,813,244.15 6,803,499.18 12/05/1998
987004869 N/A 03/5/2019 N 11,962,002.73 11,941,445.06 12/05/1998
987004870 N/A 03/5/2019 N 6,998,301.72 6,986,274.57 12/05/1998
987004871 N/A 10/5/2019 N 4,955,086.65 4,947,999.40 12/05/1998
987004872 N/A 10/5/2019 N 5,669,762.61 5,661,653.16 12/05/1998
987004873 N/A 03/5/2019 N 8,166,231.37 8,152,197.04 12/05/1998
987004874 N/A 03/5/2019 N 5,587,058.54 5,577,456.73 12/05/1998
987004875 N/A 03/5/2019 N 5,392,404.03 5,383,136.75 12/05/1998
987004876 N/A 03/5/2019 N 9,431,488.46 9,415,279.68 12/05/1998
987004877 N/A 03/5/2019 N 3,299,858.27 3,294,187.20 12/05/1998
987004878 N/A 07/1/2016 N 1,847,112.22 1,843,343.10 11/01/1998
987004879 N/A 07/1/2012 N 17,562,471.34 17,517,529.98 12/01/1998
987004880 N/A 07/1/2020 N 17,901,171.08 17,874,411.96 12/01/1998
987004881 N/A 07/1/2020 N 13,368,726.60 13,348,661.09 12/01/1998
987004882 N/A 07/1/2020 N 13,232,311.10 13,212,450.35 12/01/1998
987004883 N/A 06/1/2022 N 4,673,573.75 4,667,635.52 12/01/1998
987004884 N/A 02/1/2023 N 15,241,305.49 15,232,518.71 11/01/1998
987004885 N/A 08/10/2019 N 2,372,243.75 2,368,245.85 12/10/1998
987004886 N/A 08/10/2019 N 1,213,549.01 1,211,503.84 12/10/1998
987004887 N/A 08/10/2019 N 1,275,446.20 1,273,296.71 12/10/1998
987004888 N/A 08/10/2019 N 3,134,846.62 3,129,563.51 12/10/1998
987004889 N/A 08/10/2019 N 1,645,710.35 1,642,936.86 12/10/1998
987004890 N/A 08/10/2019 N 1,479,586.61 1,477,093.09 12/10/1998
987004891 N/A 08/10/2019 N 1,546,710.75 1,544,104.10 12/10/1998
987004892 N/A 08/10/2019 N 1,252,145.40 1,250,035.18 12/10/1998
987004893 N/A 08/10/2019 N 1,985,970.50 1,982,623.58 12/10/1998
987004894 N/A 08/10/2019 N 1,594,410.97 1,591,723.94 12/10/1998
987004895 N/A 08/10/2019 N 1,614,787.00 1,612,065.63 12/10/1998
987004896 N/A 08/10/2019 N 789,800.78 788,469.74 12/10/1998
987004897 N/A 08/10/2019 N 943,239.19 941,649.56 12/10/1998
987004898 N/A 08/10/2019 N 1,669,970.88 1,667,156.51 12/10/1998
987004899 N/A 08/10/2019 N 1,669,970.88 1,667,156.51 12/10/1998
987004900 N/A 08/10/2019 N 1,669,970.88 1,667,156.51 12/10/1998
987004901 N/A 08/10/2019 N 1,692,460.92 1,689,608.64 12/10/1998
987004902 N/A 08/10/2019 N 1,615,194.90 1,612,472.84 12/10/1998
987004903 N/A 08/10/2019 N 1,889,549.63 1,886,365.20 12/10/1998
987004904 N/A 08/10/2019 N 1,213,705.63 1,211,660.19 12/10/1998
987004905 N/A 10/10/2017 N 20,982,137.97 20,958,188.72 12/10/1998
987004906 N/A 03/5/2023 N 5,338,293.95 5,332,142.21 12/05/1998
987004907 N/A 06/5/2015 N 7,382,763.37 7,364,355.59 12/05/1998
987004908 N/A 12/5/2021 N 3,016,425.47 3,012,517.81 12/05/1998
987004909 N/A 06/5/2021 N 6,745,347.44 6,736,177.26 12/05/1998
987004910 N/A 05/1/2011 N 3,509,734.21 3,500,980.47 12/01/1998
987004911 N/A 09/1/2018 N 15,819,465.82 15,786,923.64 12/01/1998
987004912 N/A 03/1/2017 N 45,259,568.93 45,178,264.71 12/01/1998
987004913 N/A 10/5/2007 N 3,867,634.89 3,860,250.53 12/05/1998
987004914 N/A 07/5/2007 N 15,764,991.61 15,733,733.58 12/10/1998
987004915 N/A 06/5/2009 N 14,099,584.34 14,135,554.35 12/05/1998
987004916 N/A 04/1/2017 N 4,474,173.47 4,472,333.17 12/01/1998
987004917 N/A 09/1/2021 N 5,510,816.27 5,506,464.01 12/01/1998
987004918 N/A 10/1/2022 N 6,037,176.64 6,033,216.69 12/01/1998
987004919 N/A 01/10/2019 N 8,377,921.57 8,365,215.89 12/10/1998
987004920 N/A 01/10/2019 N 8,122,089.55 8,109,771.85 12/10/1998
987004921 N/A 01/10/2019 N 6,470,943.56 6,461,129.94 12/10/1998
987004922 N/A 01/10/2019 N 6,935,664.11 6,925,145.71 12/10/1998
987004923 N/A 01/10/2019 N 7,500,277.26 7,488,902.58 12/10/1998
987004924 N/A 01/10/2019 N 5,774,086.19 5,765,329.40 12/10/1998
987004925 N/A 12/10/2019 N 4,619,012.79 4,612,600.34 12/10/1998
987004926 N/A 12/10/2019 N 4,029,351.61 4,023,757.77 12/10/1998
987004927 N/A 12/10/2019 N 3,243,137.18 3,238,634.82 12/10/1998
987004928 N/A 12/10/2019 N 3,341,413.81 3,336,775.01 12/10/1998
987004929 N/A 12/10/2019 N 2,850,029.25 2,846,072.63 12/10/1998
987004930 N/A 12/10/2019 N 3,931,074.97 3,925,617.56 12/10/1998
987004931 N/A 12/10/2019 N 2,260,368.06 2,257,230.05 12/10/1998
987004932 N/A 12/10/2019 N 2,044,159.22 2,041,321.37 12/10/1998
987004933 N/A 12/10/2019 N 2,800,890.93 2,797,002.53 12/10/1998
987004934 N/A 12/10/2019 N 2,014,675.10 2,011,878.18 12/10/1998
987004935 N/A 12/10/2019 N 2,309,506.38 2,306,300.15 12/10/1998
987004936 N/A 12/10/2019 N 4,225,904.85 4,220,038.14 12/10/1998
987004937 N/A 12/10/2019 N 4,913,842.65 4,907,020.89 12/10/1998
987004938 N/A 12/10/2019 N 3,537,967.04 3,533,055.37 12/10/1998
987004939 N/A 12/10/2019 N 3,046,582.50 3,042,353.01 12/10/1998
987004940 N/A 12/10/2019 N 2,407,783.03 2,404,440.37 12/10/1998
987004941 N/A 12/10/2019 N 1,867,260.14 1,864,667.87 12/10/1998
987004942 N/A 12/10/2019 N 2,063,814.82 2,060,949.68 12/10/1998
987004943 N/A 12/10/2019 N 2,579,767.83 2,576,186.41 12/10/1998
987004944 N/A 12/10/2019 N 2,702,614.31 2,698,862.34 12/10/1998
987004945 N/A 12/10/2019 N 2,579,767.83 2,576,186.41 12/10/1998
987004946 N/A 12/10/2019 N 2,997,444.19 2,993,282.92 12/10/1998
987004947 N/A 12/10/2019 N 2,358,644.70 2,355,370.26 12/10/1998
987004948 N/A 12/10/2019 N 5,994,888.36 5,986,565.81 12/10/1998
987004949 N/A 12/10/2019 N 2,599,423.42 2,595,814.71 12/10/1998
987004950 N/A 12/10/2019 N 2,520,800.99 2,517,301.43 12/10/1998
987004951 N/A 12/10/2019 N 1,906,571.37 1,903,924.53 12/10/1998
987004952 N/A 12/10/2019 N 3,341,413.81 3,336,775.01 12/10/1998
987004953 N/A 12/10/2019 N 2,555,197.94 2,551,650.63 12/10/1998
987004954 N/A 12/10/2019 N 2,358,644.70 2,355,370.26 12/10/1998
987004955 N/A 12/10/2019 N 2,850,029.25 2,846,072.63 12/10/1998
987004956 N/A 12/10/2019 N 1,886,915.76 1,884,296.20 12/10/1998
987004957 N/A 12/10/2019 N 1,621,568.58 1,619,317.40 12/10/1998
987004958 N/A 12/10/2019 N 3,341,413.81 3,336,775.01 12/10/1998
987004959 N/A 12/10/2019 N 2,555,197.94 2,551,650.63 12/10/1998
987004960 N/A 12/10/2019 N 4,127,628.22 4,121,897.94 12/10/1998
987004961 N/A 12/10/2019 N 1,228,460.66 1,226,755.22 12/10/1998
987004962 N/A 07/10/2019 N 1,666,377.58 1,663,388.09 12/10/1998
987004963 N/A 10/10/2016 N 1,547,660.37 1,544,134.61 12/10/1998
987004964 N/A 12/01/2016 N 1,796,064.34 1,792,197.60 12/01/1998
987004965 N/A 01/01/2018 N 2,667,108.64 2,664,352.36 12/01/1998
987004966 N/A 05/10/2019 N 1,659,704.80 1,656,933.44 12/10/1998
987004967 N/A 03/10/2013 N 2,988,397.18 2,978,556.44 12/10/1998
Totals 639,951,930.75 639,180,403.59
<FN>
(1) Property Type Code
SS- Self Storage
MF- Multi- Family
RT- Retail
HC- Health Care
IC- Industrial
WH- Warehouse
MH- Mobile Home Park
OF- Office
LO- Lodging
MU- Mixed Use
OT- Other
(2) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Servicer
10- Deed In Lieu Of Foreclosure
(3) Modification Code
1- Maturity Date Extension
2- Amortization Change
3- Principal Write- Off
4- Combination
</FN>
</TABLE>
Principal Prepayment Detail
No Principal Prepayments this Period
<TABLE>
<CAPTION>
Historical Detail
Delinquencies
Distribution 30-59 Days 60-89 Days 90 Days+ Foreclosure REO Modifications
Date # Balance # Balance # Balance # Balance # Balance # Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
12/16/1998 1 $9,185,913.22 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
11/17/1998 0 $0.00 0 $0.00 1 $9,185,913.22 0 $0.00 0 $0.00 0 $0.00
10/19/1998 0 $0.00 0 $0.00 1 $9,185,913.22 0 $0.00 0 $0.00 0 $0.00
09/16/1998 0 $0.00 1 $9,193,628.58 0 $0.00 0 $0.00 0 $0.00 0 $0.00
08/17/1998 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
07/16/1998 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
06/16/1998 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
05/15/1998 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
04/16/1998 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
Prepayments
Distribution Curtailments Payoff
Date # Amount # Amount
<C> <C> <C> <C> <C>
12/16/1998 0 $0.00 0 $0.00
11/17/1998 0 $0.00 0 $0.00
10/19/1998 0 $0.00 0 $0.00
09/16/1998 0 $0.00 0 $0.00
08/17/1998 0 $0.00 0 $0.00
07/16/1998 0 $0.00 0 $0.00
06/16/1998 0 $0.00 0 $0.00
05/15/1998 0 $0.00 0 $0.00
04/16/1998 0 $0.00 0 $0.00
</TABLE>
<TABLE>
<CAPTION>
Rate and Maturities
Distribution Next Weighted Avg.
Date Coupon Remit WAM
<S> <C> <C> <C>
12/16/1998 7.488044% 7.443044% 235
11/17/1998 7.488181% 7.443181% 236
10/19/1998 7.488278% 7.443278% 237
09/16/1998 7.488355% 7.443355% 238
08/17/1998 7.488531% 7.443531% 239
07/16/1998 7.488705% 7.443704% 240
06/16/1998 7.488838% 7.443835% 241
05/15/1998 7.489007% 7.444007% 242
04/16/1998 7.489177% 7.444177% 243
<FN>
Note: Foreclosure and REO Totals are excluded from the delinquencies aging
categories.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Delinquency Loan Detail
Offering # of Current Outstanding Status of
Loan Number Document Months Paid Through P&I P&I Mortgage
Cross Reference Delinq. Date Advances Advances** Loan(1)
<S> <C> <C> <C> <C> <C> <C>
987004863 1 4 07/10/1998 0.00 0.00 1
987004867 5 0 11/10/1998 24,760.75 24,760.75 B
987004878 16 0 11/01/1998 14,774.83 14,774.83 B
987004884 24 0 11/01/1998 114,332.82 114,332.82 B
Totals 4 153,778.40 153,778.40
</TABLE>
<TABLE>
<CAPTION>
Resolution Servicing Foreclosuse Current
Loan Number Strategy Transfer Date Date Servicing
Code(2) Advances
<S> <C> <C> <C> <C>
987004863 09/10/1998
987004867
987004878
987004884
Totals
</TABLE>
<TABLE>
<CAPTION>
Outstanding
Servicing Bankruptcy REO
Loan Number Advances Date Date
<S> <C> <C> <C>
987004863
987004867
987004878
987004884
Totals
<FN>
(1) Status of Mortgage Loan
A- Payment Not Received But Still in Grace Period
B- Late Payment But Less Than 1 Month Delinquent
0- Current
1- One Month Delinquent
2- Two Months Delinquent
3- Three Or More Months Delinquent
4- Assumed Scheduled Payment (Performing Matured Balloon)
7- Foreclosure
9- REO
(2) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Servicer
10- Deed In Lieu Of Foreclosure
** Outstanding P & I Advances include the current period advance
</FN>
</TABLE>
<TABLE>
<CAPTION>
Specially Serviced Loan Detail - Part 1
Offering Servicing Resolution
Distribution Loan Document Transfer Strategy Scheduled Property Interest Actual
Date Number Cross-Reference Date Code (1) Balance Type (2) State Rate Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
12/16/1998 987004863 1 09/10/1998 9,185,913.22 OF PA 7.870% 9,193,628.58
Net Remaining
Distribution Loan Operating NOI DSCR Note Maturity Amortization
Date Number Income Date Date Date Term
<S> <C> <C> <C> <C> <C> <C> <C>
12/16/1998 987004863 10/10/2017 225
<FN>
(1) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Servicer
10- Deed In Lieu Of Foreclosure
(2) Property Type Code
SS- Self Storage
MF- Multi- Family
RT- Retail
HC- Health Care
IC- Industrial
WH- Warehouse
MH- Mobile Home Park
OF- Office
LO- Lodging
MU- Mixed Use
OT- Other
</FN>
</TABLE>
Specially Serviced Loan Detail - Part 2
Offering Resolution Site
Distribution Loan Document Strategy Inspection
Date Number Cross-Reference Code(1) Date
12/16/1998 987004863 1
Distribution Loan Phase 1 date Appraisal Appraisal Other REO
Date Number Date Value Property Revenue
12/16/1998 987004863
Distribution Loan Comment
Date Number
12/16/1998 987004863 Lesee under CTL filed Chapter 11 on 7/21/98
Loan Accelerated on 9/21/98 and motion
filed in BK Court to compel payment of post
petition rent with hearing scheduled for
11/4/98.Relief motion filed in order to
serve tenant. LTM NOI reflects Tenants non-
payment of rent due to BK.The Borrower is
negotiating the cure amount under the lease
while negotiations for reinstatement of the
loan continue. Process delayed due to
appointment of Trustee over AHERF.Appraisal
obtained 11/10/98 of $7.5M does not take
Tenet's assumption of the lease into
account. Thus,the appraiser is in process
of revising appraisal to reflect Tenet's
assumption based on specific entity.
However,specific disclosure of the Tenet
entity has not been made.Consequently,an
Appraisal Reduction Amount can not be
accurately calculated until such revised
appraisal is issued.
(1) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Servicer
10- Deed In Lieu Of Foreclosure
Modified Loan Detail
No Modified Loans
Liquidated Loan Detail
No Liquidated Loans this Period
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