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 15, 1998
(Date of earliest event reported)
GS Mortgage Securities Corporation II
(Sponsor)
(Issuer in Respect of Commercial Mortgage Pass-Through
Certificates Series 1998-GL 2)
(Exact name of registrant as specified in charter)
Delaware 33-99774-0222-3442024
(State or other juris- (Commission (I.R.S. Employer
diction of organization) File No.) Identification No.)
85 Broad Street, New York, New York 10004
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code
(212) 902-1000
(Former name or former address, if changed since
last report.)
ITEM 5. OTHER EVENTS
This Current Report on Form 8-K relates
to the Trust Fund formed, and the Commercial Mortgage
Pass-Through Certificates Series 1997-GL 1 issued
pursuant to, a Pooling and Servicing Agreement, dated
as of August 11, 1997 (the "Pooling and Servicing
Agreement"), by and among GS Mortgage Securities
Corporation II, as sponsor, GMAC Commercial Mortgage
Corporation, as master servicer and special servicer,
LaSalle National Bank, as trustee and REMIC
administrator, and ABN AMRO Bank, N.V., as fiscal
agent. The Class A-1, Class A-2A, Class A-2B, Class A-2C,
Class A-2D, Class X-1A and Class X-2 Certificates have
been registered pursuant to the Act under a Registration
Statement on Form S-3 (File No.333-27083) (the
"Registration Statement").
Capitalized terms used herein and not defined
herein have the same meanings ascribed to such terms in
the Pooling and Servicing Agreement.
Pursuant to Section 3.20 of the Pooling and
Servicing Agreement, the Trustee is filing this Current
Report containing the June 15, 1998 monthly distribution
report prepared by the Trustee pursuant to Section 4.02
thereof.
Pursuant to an EDGAR continuing hardship
exemption granted by the Securities and Exchange
Commission
by letter dated May 5, 1998 as provided in Rule 202 of
Regulation S-T, certain information received from the
borrowers under the loan documents will be filed separately
in paper format.
This Current Report is being filed by the
Trustee, in its capacity as such under the Pooling and
Servicing Agreement, on behalf of the Registrant. The
information reported and contained herein has been
supplied to the Trustee by one or more of the Master
Servicer, the Special Servicer or other third parties
without independent review or investigation by the Trustee.
Pursuant to the Pooling and Servicing Agreement, the
Trustee is not responsible for the accuracy or
completeness of such information.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL I
NFORMATION AND
EXHIBITS
(c) Exhibits
Exhibit No. Description
99.1 Monthly distribution report pursuant to
99.2 Section 4.02 of the
Pooling and Servicing Agreement for the distribution
on June
24, 1998.
99.2* Certain information received from the borrowers
pursuant to
the loan documents.
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.
LASALLE NATIONAL BANK, IN
ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND
SERVICING AGREEMENT ON
BEHALF OF GS MORTGAGE
SECURITIES CORPORATION
II, REGISTRANT
By:
/s/ Russell Goldenberg
Russell Goldenberg,
Senior Vice President
Date: July 24, 1998
*IN ACCORDANCE WITH RULE 202 OF REGULATION S-T,
THIS EXHIBIT IS BEING
FILED IN PAPER PURSUANT TO A CONTINUING HARDSHIP
EXEMPTION.
Exhibit Index
Exhibit No. Description
99.1 Monthly distribution report pursuant to
99.2 Section 4.02 of the Pooling and
Servicing Agreement for the distribution on
June 24, 1998.
99.2* Certain information received from the
borrowers pursuant to the loan
documents.
* IN ACCORDANCE WITH RULE 202 OF
* REGULATION S-T, THIS
EXHIBIT IS BEING FILED IN PAPER PURSUANT
TO A CONTINUING
HARDSHIP EXEMPTION.
ABN AMRO
LaSalle National Bank
Administrator:
Barbara Marik (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Corporation, as
Servicer
Commerical Mortgage Pass-Through
Certificates
Series 1998-GL II
Payment Date: 07/14/98
Prior Payment: 06/15/98
Record Date: 06/29/98
WAC: 7.046578%
WAMM: 292
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 4
Other Related Information 3
Asset Backed Facts Sheets 1
Delinquency Loan Detail
0
Loan Level Listing 1
Total Pages Included In This Package 10
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
LaSalle Web Site www.lnbabs.com
LaSalle Bulletin Board (714) 282-3990
LaSalle ASAP Fax System (312) 904-2200
ASAP #: 334
Monthly Data File Name: 0334MMYY.EXE
ABN AMRO Acct: 67-7936-601
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
Q 0.0001 0.00 0.00
9ABSB397 1000.000000000 0.000000000 0.000000000
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
Q 0.00 0.00 0.00
9ABSB397 0.000000000 0.000000000 0.00000000
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
Q 0.00 0.00 0.000000000%
9ABSB397 0.00000000 0.00000000 0.000000000%
ABN AMRO Acct: 67-7936-601
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
M 19,663,552.00 19,598,999.86 70,771.45
36228CBL6 1000.000000000 996.71716789 3.599118308
MX 19,663,552.00 19,598,999.86 0.00
36228CBN2 1000.000000000 996.717167885 0.000000000
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
M 0.00 0.00 19,528,228
36228CBL6 0.000000000 0.000000000 993.1180496
MX 0.00 0.00 19,528,228
36228CBN2 0.000000000 0.000000000 993.1180496
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
M 128,716.43 0.00 7.88100000%
36228CBL6 6.54593992 0.000000000 7.88100000%
MX 39 0.00 2.43500000%
36228CBN2 2.022505395 0.000000000 2.43500000%
ABN AMRO Acct: 67-7936-601
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 278,000,000.00 276,125,817.50 2,144,42
36228CAZ6 1000.000000000 993.258336331 7.71375964
A-2 694,315,00 694,315,000.00 0.00
36228CBA0 1000.000000000 1000.000000000 0.000000000
X 1,148,459,0001,146,584,817.50 0.00
36228CBB8 1000.000000000 998.368089327 0.000000000
B 91,595,0 91,595,000.00 0.00
36228CBC6 1000.000000000 1000.000000000 0.000000000
C 84,549,0 84,549,000.00 0.00
36228CBD4 1000.000000000 1000.000000000 0.000000000
D 98,641,0 98,641,000.00 0.00
36228CBE2 1000.000000000 1000.000000000 0.000000000
E 70,458,0 70,458,000.00 0.00
36228CBF9 1000.000000000 1000.000000000 0.000000000
F 63,411,0 63,411,000.00 0.00
36228CB67 1000.000000000 1000.000000000 0.000000000
G 28,183,9 28,183,997.00 0.00
36228CBJ1 1000.000000000 1000.000000000 0.000000000
R 0.00 0.00
9ABSB389 1000.000000000 0.000000000 0.000000000
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 0.00 0.00 273,981,392.32
36228CAZ6 0.000000000 0.000000000 985.5445767
A-2 0.00 0.00 694,315,000
36228CBA0 0.000000000 0.000000000 1000.000000000
X 0.00 0.00 1,144,440,392.
36228CBB8 0.000000000 0.000000000 996.5008697
B 0.00 0.00 91,595,000
36228CBC6 0.000000000 0.000000000 1000.000000000
C 0.00 0.00 84,549,000
36228CBD4 0.000000000 0.000000000 1000.000000000
D 0.00 0.00 98,641,000
36228CBE2 0.000000000 0.000000000 1000.000000000
E 0.00 0.00 70,458,000
36228CBF9 0.000000000 0.000000000 1000.000000000
F 0.00 0.00 63,411,000
36228CBG7 0.000000000 0.000000000 1000.000000000
G 0.00 0.00 28,183,997
36228CBJ1 0.000000000 0.000000000 1000.000000000
R 0.00 0.00 0.00
9ABSB389 0.000000000 0.000000000 0.000000000
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
A-1 1,452,421.80 0.00 6.3120000%
36228CAZ6 5.224538849 0.000000000Fixed
A-2 3,796,7 0.00 6.5620000%
36228CBA0 5.468333336 0.000000000Fixed
X 432, 0.00 0.4531256%
36228CBB8 0.376988417 0.000000000 0.6726150%
B 502, 0.00 6.5776361%
36228CBC6 5.481363393 0.000000000 6.7975087%
C 475, 0.00 6.7446361%
36228CBD4 5.620530107 0.000000000 6.9645087%
D 572, 0.00 6.9696361%
36228CBE2 5.808030028 0.000000000 7.1895087%
E 409, 0.00 6.9696361%
36228CBF9 5.808030032 0.000000000 7.1895087%
F 368, 0.00 6.9696361%
36228CBG7 5.808029995 0.000000000 7.1895087%
G 163, 0.00 6.9696361%
36228CBJ1 5.808029997 0.000000000 7.1895087%
R 0.00 0.00 0.0000000%
9ABSB389 0.000000000 0.000000000 0.0000000%
ABN AMRO Acct: 67-7936-601
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
LA-1 278,000,00 276,125,817 2,144,42
None 1000.000000000 993.258336331 7.713759
LA-2 694,315,00 694,315,000 0.00
None 1000.000000000 1000.000000000 0.000000000
LB 91,595,0 91,595,000 0.00
None 1000.000000000 1000.000000000 0.000000000
LC 84,549,0 84,549,000 0.00
None 1000.000000000 1000.000000000 0.000000000
LD 98,641,0 98,641,000 0.00
None 1000.000000000 1000.000000000 0.000000000
LE 70,458,0 70,458,000 0.00
None 1000.000000000 1000.000000000 0.000000000
LF 63,411,0 63,411,000 0.00
None 1000.000000000 1000.000000000 0.000000000
LG 28,183,9 28,183,997 0.00
None 1000.000000000 1000.000000000 0.000000000
LR 0.00 0.00
9ABSB390 1000.000000000 0 0.000000000
LR
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
LA-1 0.00 0.00 273,981,392.32
None 0.000000000 0.000000000 985.544576691
LA-2 0.00 0.00 694,315,000.00
None 0.000000000 0.000000000 1000.000000000
LB 0.00 0.00 91,595,000.00
None 0.000000000 0.000000000 1000.000000000
LC 0.00 0.00 84,549,000.00
None 0.000000000 0.000000000 1000.000000000
LD 0.00 0.00 98,641,000.00
None 0.000000000 0.000000000 1000.000000000
LE 0.00 0.00 70,458,000.00
None 0.000000000 0.000000000 1000.000000000
LF 0.00 0.00 63,411,000.00
None 0.000000000 0.000000000 1000.000000000
LG 0.00 0.00 28,183,997.00
None 0.000000000 0.000000000 1000.000000000
LR 0.00 0.00 0.00
9ABSB390 0.000000000 0.000000000 0.000000000
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
LA-1 1,603,747.05 0.00 6.96963606%
None 5.768874281 0.000000000 7.18950871%
LA-2 4,032,6 0.00 6.96963606%
None 5.808030044 0.000000000 7.18950871%
LB 531, 0.00 6.96963606%
None 5.808030023 0.000000000 7.18950871%
LC 491, 0.00 6.96963606%
None 5.808030018 0.000000000 7.18950871%
LD 572, 0.00 6.96963606%
None 5.808030028 0.000000000 7.18950871%
LE 409, 0.00 6.96963606%
None 5.808030032 0.000000000 7.18950871%
LF 368, 0.00 6.96963606%
None 5.808029995 0.000000000 7.18950871%
LG 163, 0.00 6.96963606%
None 5.808030351 0.000000000 7.18950871%
LR 0.00 0.00 0.00000000%
9ABSB390 0.000000000 0.000000000 0.00000000%
Other Related Information
Stated Principal Balance Of The Mortgage Pool Prior to
Current Distribution Dat1,426,877,814.4
Stated Principal Balance Of The Mortgage Pool Subsequent
to Current Distributio1,424,662,617.8
Current Period Accrued Servicing Fees 36,834.41
Less Delinquent Servicing Fees 0.00
Plus Additional Servicing Fees 0.00
Less Reductions To Servicing Fees 0.00
Total Servicing Fees Collected 36,834.41
Special Servicing Fees 0.00
Trustee Fees 3,567.19
Advances (Interest at Gross)
Prior Outstanding
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal Agent: 0.00 0.00
Totals: 0.00 0.00
Current Month
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal Agent: 0.00 0.00
Totals: 0.00 0.00
Recovered
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal Agent: 0.00 0.00
Totals: 0.00 0.00
Advances Outstanding
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal Agent: 0.00 0.00
Totals:
0.00
Accrued Prepayment Beginning
Certificate Interest Unpaid
Class Interest Shortfall Interest
A-1 1,452,421.80 0.00 0.00
A-2 3796745.86 0.00 0.00
X 432955.74 0.00 0.00
B 502,065.48 0.00 0.00
C 475,210.20 0.00 0.00
D 572,909.89 0.00 0.00
E 409,222.18 0.00 0.00
F 368,292.99 0.00 0.00
G 163,693.50 0.00 0.00
R 0.00 0.00 0.00
M 128,716.43 0.00 0.00
MX 39,769.64 0.00 0.00
Q 0.00 0.00 0.00
Ending
Interest Unpaid
Loss Expenses DistributablInterest
Class 0.00 0.00 1,452,421.80 0.00
A-1 0.00 0.00 3,796,745.86 0.00
A-2 0.00 0.00 432955.74 0.00
X 0.00 0.00 502065.48 0.00
B 0.00 0.00 475210.2 0.00
C 0.00 0.00 572909.89 0.00
D 0.00 0.00 409,222.18 0.00
E 0.00 0.00 368,292.99 0.00
F 0.00 0.00 163,693.50 0.00
G 0.00 0.00 0.00 0.00
R 0.00 0.00 128,716.43 0.00
M 0.00 0.00 39,769.64 0.00
MX 0.00 0.00 0.00 0.00
Q 0.00 0.00 0.00 0.00
Allocation of Additional Interest Proceeds
Net
Prepayment Default Default Excess
Class Premiums Interest Interest Interest
A-1 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00
X 0.00 0.00 0.00 0.00
B 0.00 0.00 0.00 0.00
C 0.00 0.00 0.00 0.00
D 0.00 0.00 0.00 0.00
E 0.00 0.00 0.00 0.00
F 0.00 0.00 0.00 0.00
G 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00
M 0.00 0.00 0.00 0.00
MX 0.00 0.00 0.00 0.00
Q 0.00 0.00 0.00 0.00
Distribution Delinq 1 Month Delinq 2 Months
Date # Balance # Balance
07/14/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution Delinq 3+ Months Foreclosure/Bankruptcy
Date # Balance # Balance
07/14/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution REO Modifications
Date # Balance # Balance
07/14/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution Prepayments Curr Weighted Avg.
Date # Balance Coupon Remit
07/14/98 0 0 7.047% 7.016%
0.00% 0.000%
Delinquent Loan Detail
Paid Outstanding
Disclosure Doc Thru Current P&I P&I
Control # Date Advance Advances**
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
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
** Outstanding P&I Advances include the current period P&I Advance
Out. Property Special
Disclosure Doc Protection Advance Servicer
Control # Advances Description (Transfer Date
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
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
** Outstanding P&I Advances include the current period P&I Advance
Disclosure Doc Foreclosure Bankruptcy REO
Control # Date Date Date
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
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
** Outstanding P&I Advances include the current period P&I Advance
Loan Level Detail
Property
Disclosure Type Maturity
Control # Group Code Date
4GO98GL2A Retail 02/11/28
1GO98GL2A Warehouse 05/11/23
5GO98GL2A Warehouse 05/11/23
3GO98GL2A Lodging 02/11/23
2GO98GL2A Lodging 02/11/23
6GO98GL2A Retail 02/11/28
7GO98GL2A Office 04/11/28
7GO98GL2A Office 09/11/02
8GO98GL2A Lodging 12/11/22
9GO98GL2A Retail 11/11/25
10GO98GL2A Office 11/11/27
11GO98GL2B Lodging 06/12/10
* NOI and DSCR, if available and reportable under the terms
* of the trust agreement, are b
accuracy or methodology used to determine such figures.
(1) Legend:
A. P&I Adv - in Grace Period
B. P&I Adv - < one month delinq
1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months
3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I
5. Prepaid in Full
6. Specially Serviced
7. Foreclosure
8. Bankruptcy
9. REO
10. DPO
11. Modification
Operating
Disclosure Statement
Control # DSCR Date State
4 NY
1 AL
5 CO
3 AR
2 CO
6 CA
7 PA
7
8 CA
9 NV
10 VA
11 AL
Ending
Disclosure Principal Note Scheduled
Control # Balance Rate P&I
4159,252,092.70 6.75% 1,047,747.33
1 252,380,789. 6.89%1,786,497.40
5 148,136,550. 6.89%1,048,596.30
3 178,220,857. 6.88%1,265,463.44
2 182,888,853. 6.88%1,299,195.88
6 116,484,781. 7.11% 794,634.38
7 79,633,942 7.00% 705,032.26
7 30,609,400 7.00% 537,202.33
8 102,194,487. 7.80% 788,726.24
9 78,857,686 7.52% 573,552.91
10 76,474,946 6.90% 507,328.13
11 19,528,228 10.37% 240,057.81
Disclosure Prepayment Status
Control # Prepayment Date Code (1)
4 0
1 0
5 0
3 0
2 0
6 0
7 0
7 0
8 0
9 0
10 0
11 0
Specially Serviced Loan Detail
Beginning
Disclosure Scheduled Interest Maturity
Control # Balance Rate Date
Disclosure Property Serviced
Control # Type Status Code (Comments
(1) Legend :
1) Request for waiver of Prepayment Penalty
2) Payment default
3) Request for Loan Modification or Workout
4) Loan with Borrower Bankruptcy
5) Loan in Process of Foreclosure
6) Loan now REO Property
7) Loans Paid Off
8) Loans Returned to Master Servicer
Modified Loan Detail
Disclosure Modification Modification
Control # Date Description
Realized Loss Detail
Disclosure Dist. Disclosure Appraisal Appraisal
Control # Date Control # Date Value
Current Total
Cumulative
Beginning Gross ProceeAggregate
Disclosure Scheduled Gross as a % of Liquidation
Control # Balance Proceeds Sched PrinciExpenses *
Current Total
Cumulative
Net Net Proceeds
Disclosure Liquidation as a % of Realized
Control # Proceeds Sched. BalancLoss
Current Total
Cumulative
* Aggregate liquidation expenses also include
* outstanding P&I advances and unpaid service
_
ABN AMRO
LaSalle National Bank
Administrator:
Barbara Marik (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Corporation, as Servicer
Commerical Mortgage Pass-Through Certificates
Series 1998-GL II
Payment Date: 06/15/98
Prior Payment: NA
Record Date: 05/28/98
WAC: 7.269204%
WAMM: 118
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 4
Other Related Information 3
Asset Backed Facts Sheets 1
Delinquency Loan Detail
0
Loan Level Listing 1
Total Pages Included In This Package 10
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
LaSalle Web Site www.lnbabs.com
LaSalle Bulletin Board (714) 282-3990
LaSalle ASAP Fax System (312) 904-2200
ASAP #: 334
Monthly Data File Name: 0334MMYY.EXE
ABN AMRO Acct: 67-7936-601
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
Q 0.0001 0.00 0.00
9ABSB397 1000.000000000 1000.000000000 0.000000000
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
Q 0.00 0.00 0.00
9ABSB397 0.000000000 0.000000000 0.00000000
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
Q 0.00 0.00 0.000000000%
9ABSB397 0.00000000 0.00000000 0.000000000%
ABN AMRO Acct: 67-7936-601
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
M 19,663,552.00 19,663,552.00 64,552.14
36228CBL6 1000.000000000 1,000.00000000 3.282832115
MX 19,663,552.00 19,663,552.00 0.00
36228CBN2 1000.000000000 1,000.000000000 0.000000000
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
M 0.00 0.00 19,598,999
36228CBL6 0.000000000 0.000000000 996.7171679
MX 0.00 0.00 19,598,999
36228CBN2 0.000000000 0.000000000 996.7171679
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
M 129,140.38 0.00 7.88100000%
36228CBL6 6.567500114 0.000000000 7.88100000%
MX 45 0.00 2.78050000%
36228CBN2 2.317082895 0.000000000 2.78050000%
ABN AMRO Acct: 67-7936-601
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 278,000,000.00 278,000,000.00 1,874,18
36228CAZ6 1000.000000000 1000.000000000 6.741663669
A-2 694,315,00 694,315,000.00 0.00
36228CBA0 1000.000000000 1000.000000000 0.000000000
X 1,148,459,0001,148,459,000.00 0.00
36228CBB8 1000.000000000 1000.000000000 0.000000000
B 91,595,0 91,595,000.00 0.00
36228CBC6 1000.000000000 1000.000000000 0.000000000
C 84,549,0 84,549,000.00 0.00
36228CBD4 1000.000000000 1000.000000000 0.000000000
D 98,641,0 98,641,000.00 0.00
36228CBE2 1000.000000000 1000.000000000 0.000000000
E 70,458,0 70,458,000.00 0.00
36228CBF9 1000.000000000 1000.000000000 0.000000000
F 63,411,0 63,411,000.00 0.00
36228CB67 1000.000000000 1000.000000000 0.000000000
G 28,183,9 28,183,997.00 0.00
36228CBJ1 1000.000000000 1000.000000000 0.000000000
R 0.00 0.00
9ABSB389 1000.000000000 999.000999001 0.000000000
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 0.00 0.00 276,125,817.50
36228CAZ6 0.000000000 0.000000000 993.2583363
A-2 0.00 0.00 694,315,000
36228CBA0 0.000000000 0.000000000 1000.000000000
X 0.00 0.00 1,146,584,817.
36228CBB8 0.000000000 0.000000000 998.3680893
B 0.00 0.00 91,595,000
36228CBC6 0.000000000 0.000000000 1000.000000000
C 0.00 0.00 84,549,000
36228CBD4 0.000000000 0.000000000 1000.000000000
D 0.00 0.00 98,641,000
36228CBE2 0.000000000 0.000000000 1000.000000000
E 0.00 0.00 70,458,000
36228CBF9 0.000000000 0.000000000 1000.000000000
F 0.00 0.00 63,411,000
36228CBG7 0.000000000 0.000000000 1000.000000000
G 0.00 0.00 28,183,997
36228CBJ1 0.000000000 0.000000000 1000.000000000
R 0.00 0.00 0.00
9ABSB389 0.000000000 0.000000000 0.000000000
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
A-1 1,462,280.00 0.00 6.3120000%
36228CAZ6 5.260000000 0.000000000Fixed
A-2 3,796,7 0.00 6.5620000%
36228CBA0 5.468333336 0.000000000Fixed
X 612, 0.00 0.6404155%
36228CBB8 0.533679548 0.000000000 0.4192013%
B 518, 0.00 6.7984611%
36228CBC6 5.665384246 0.000000000 6.5776361%
C 490, 0.00 6.9654611%
36228CBD4 5.804550852 0.000000000 6.7446361%
D 591, 0.00 7.1904611%
36228CBE2 5.992050871 0.000000000 6.9696361%
E 422, 0.00 7.1904611%
36228CBF9 5.992050867 0.000000000 6.9696361%
F 379, 0.00 7.1904611%
36228CBG7 5.992050906 0.000000000 6.9696361%
G 168, 0.00 7.1904611%
36228CBJ1 5.992050737 0.000000000 6.9696361%
R 0.00 0.00 0.0000000%
9ABSB389 0.000000000 0.000000000 0.0000000%
ABN AMRO Acct: 67-7936-601
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
LA-1 278,000,00 278,000,000 1,874,18
None 1000.000000000 1000.000000000 6.741663
LA-2 694,315,00 694,315,000 0.00
None 1000.000000000 1000.000000000 0.000000000
LB 91,595,0 91,595,000 0.00
None 1000.000000000 1000.000000000 0.000000000
LC 84,549,0 84,549,000 0.00
None 1000.000000000 1000.000000000 0.000000000
LD 98,641,0 98,641,000 0.00
None 1000.000000000 1000.000000000 0.000000000
LE 70,458,0 70,458,000 0.00
None 1000.000000000 1000.000000000 0.000000000
LF 63,411,0 63,411,000 0.00
None 1000.000000000 1000.000000000 0.000000000
LG 28,183,9 28,183,997 0.00
None 1000.000000000 1000.000000000 0.000000000
LR 0.00 0.00
9ABSB390 1000.000000000 990.0990099 0.000000000
LR
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
LA-1 0.00 0.00 276,125,817.50
None 0.000000000 0.000000000 993.258336331
LA-2 0.00 0.00 694,315,000.00
None 0.000000000 0.000000000 1000.000000000
LB 0.00 0.00 91,595,000.00
None 0.000000000 0.000000000 1000.000000000
LC 0.00 0.00 84,549,000.00
None 0.000000000 0.000000000 1000.000000000
LD 0.00 0.00 98,641,000.00
None 0.000000000 0.000000000 1000.000000000
LE 0.00 0.00 70,458,000.00
None 0.000000000 0.000000000 1000.000000000
LF 0.00 0.00 63,411,000.00
None 0.000000000 0.000000000 1000.000000000
LG 0.00 0.00 28,183,997.00
None 0.000000000 0.000000000 1000.000000000
LR 0.00 0.00 0.00
9ABSB390 0.000000000 0.000000000 0.000000000
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
LA-1 1,665,790.15 0.00 7.19046108%
None 5.992050899 0.000000000 6.96963606%
LA-2 4,160,3 0.00 7.19046108%
None 5.992050899 0.000000000 6.96963606%
LB 548, 0.00 7.19046108%
None 5.992050876 0.000000000 6.96963606%
LC 506, 0.00 7.19046108%
None 5.992050882 0.000000000 6.96963606%
LD 591, 0.00 7.19046108%
None 5.992050871 0.000000000 6.96963606%
LE 422, 0.00 7.19046108%
None 5.992050867 0.000000000 6.96963606%
LF 379, 0.00 7.19046108%
None 5.992050906 0.000000000 6.96963606%
LG 168, 0.00 7.19046108%
None 5.992050737 0.000000000 6.96963606%
LR 0.00 0.00 0.00000000%
9ABSB390 0.000000000 0.000000000 0.00000000%
Other Related Information
Stated Prinicipal Balance Of The Mortgage Pool Subseque1,428,816,549.09
Current Distribution Date:
Stated Principal Balance Of The Mortgage Pool Subsequen1,426,877,814.45
Current Distribution Date:
Current Period Accrued Servicing Fees 36,879.89
Less Delinquent Servicing Fees 0.00
Plus Additional Servicing Fees 0.00
Less Reductions To Servicing Fees 0.00
Total Servicing Fees Collected 36,879.89
Special Servicing Fees 0.00
Trustee Fees 3,572.04
Advances (Interest at Gross)
Prior Outstanding
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal A 0.00 0.00
Totals: 0.00 0.00
Current Month
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal A 0.00 0.00
Totals: 0.00 0.00
Recovered
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal A 0.00 0.00
Totals: 0.00 0.00
Advances Outstanding
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal A 0.00 0.00
Totals:
0.00
Accrued Prepayment Beginning
Certificate Interest Unpaid
Class Interest Shortfall Interest
A-1 1,462,280.00 0.00 0.00
A-2 3796745.86 0.00 0.00
X 612909.08 0.00 0.00
B 518,920.87 0.00 0.00
C 490,768.97 0.00 0.00
D 591,061.89 0.00 0.00
E 422,187.92 0.00 0.00
F 379,961.94 0.00 0.00
G 168,879.94 0.00 0.00
R 0.00 0.00 0.00
M 129,140.38 0.00 0.00
MX 45,562.09 0.00 0.00
Q 0.00 0.00 0.00
Ending
Interest Unpaid
Loss Expenses DistributableInterest
Class 0.00 0.00 1,462,280.00 0.00
A-1 0.00 0.00 3,796,745.86 0.00
A-2 0.00 0.00 612909.08 0.00
X 0.00 0.00 518920.87 0.00
B 0.00 0.00 490768.97 0.00
C 0.00 0.00 591061.89 0.00
D 0.00 0.00 422,187.92 0.00
E 0.00 0.00 379,961.94 0.00
F 0.00 0.00 168,879.94 0.00
G 0.00 0.00 0.00 0.00
R 0.00 0.00 129,140.38 0.00
M 0.00 0.00 45,562.08 0.00
MX 0.00 0.00 0.00 0.00
Q 0.00 0.00 0.00 0.00
Allocation of Additional Interest Proceeds
Net
Prepayment Default Default Excess
Class Premiums Interest Interest Interest
A-1 0.00 0.00 0.00 0.00
A-2 0.00 0.00 0.00 0.00
X 0.00 0.00 0.00 0.00
B 0.00 0.00 0.00 0.00
C 0.00 0.00 0.00 0.00
D 0.00 0.00 0.00 0.00
E 0.00 0.00 0.00 0.00
F 0.00 0.00 0.00 0.00
G 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00
M 0.00 0.00 0.00 0.00
MX 0.00 0.00 0.00 0.00
Q 0.00 0.00 0.00 0.00
Distribution Delinq 1 Month Delinq 2 Months
Date # Balance # Balance
06/15/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution Delinq 3+ Months Foreclosure/Bankruptcy
Date # Balance # Balance
06/15/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution REO Modifications
Date # Balance # Balance
06/15/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution Prepayments Curr Weighted Avg.
Date # Balance Coupon Remit
06/15/98 0 0 7.269% 7.238%
0.00% 0.000%
Delinquent Loan Detail
Paid Outstanding
Disclosure Doc Thru Current P&IP&I
Control # Date Advance Advances**
0 01/00/00 0.00 0.00
01/00/00
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
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
** Outstanding P&I Advances include the current period P&I Advance
Out. Property Special
Disclosure Doc Protection Advance Servicer
Control # Advances DescriptionTransfer Date
0 0.00 0 01/00/00
0 01/00/00
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
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
** Outstanding P&I Advances include the current period P&I Advance
Disclosure Doc Foreclosure Bankruptcy REO
Control # Date Date Date
0 01/00/00 01/00/00 01/00/00
01/00/00 01/00/00 01/00/00
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
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
** Outstanding P&I Advances include the current period P&I Advance
Loan Level Detail
Property
Disclosure Type Maturity
Control # Group Code Date
4GO98GL2A Retail 02/11/08
1GO98GL2A Warehouse 05/11/08
5GO98GL2A Warehouse 05/11/08
3GO98GL2A Lodging 02/11/08
2GO98GL2A Lodging 02/11/08
6GO98GL2A Retail 02/11/08
7GO98GL2A Office 04/11/08
7GO98GL2A Office
8GO98GL2A Lodging 06/11/10
9GO98GL2A Retail 11/11/07
10GO98GL2A Office 11/11/08
11GO98GL2B Lodging 06/12/10
0 0 0 01/00/00
* NOI and DSCR if available and reportable under the terms of the
argreement, are based on information obtained from the related
and no other party to the agreement shall be held liable for th
and methodology used to determine such figures.
(1) Legend:
A. P&I Adv - in Grace Period
B. P&I Adv - < one month delinq
1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months
3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I
5. Prepaid in Full
6. Specially Serviced
7. Foreclosure
8. Bankruptcy
9. REO
10. DPO
11. Modification
Operating
Disclosure Statement
Control # DSCR Date State
4 NY
1 AL
5 CO
3 AR
2 CO
6 CA
7 PA
7
8 CA
9 NV
10 VA
11 AL
Ending
Disclosure Principal Note Scheduled
Control # Balance Rate P&I
4159,403,197.00 6.75% 1,047,747.33
1 252,715,437. 6.89% 1,786,497.00
5 148,332,974. 6.89% 1,048,596.30
3 178,463,723. 6.88% 1,265,463.44
2 183,138,664. 6.88% 1,299,195.88
6 116,588,918. 7.11% 794,634.38
7 79,873,379 7.00% 537,202.33
7 30,966,096 7.00% 705,032.26
8 102,318,145. 7.80% 788,726.24
9 78,936,374 7.52% 573,552.91
10 76,541,903 6.90% 507,328.13
11 19,598,999 10.37% 240,057.80
Disclosure Prepayment Status
Control # Prepayment Date Code (1)
4 0
1 0
5 0
3 0
2 0
6 0
7 0
7 0
8 0
9 0
10 0
11 0
Specially Serviced Loan Detail
Beginning
Disclosure Scheduled Interest Maturity
Control # Balance Rate Date
0
Disclosure Property Serviced
Control # Type Status CodeComments
0 0
0 0
0 0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
(1) Legend :
1) Request for waiver of Prepayment Penalty
2) Payment default
3) Request for Loan Modification or Workout
4) Loan with Borrower Bankruptcy
5) Loan in Process of Foreclosure
6) Loan now REO Property
7) Loans Paid Off
8) Loans Returned to Master Servicer
Modified Loan Detail
Disclosure Modification Modification
Control # Date Description
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
Realized Loss Detail
Dist. Disclosure Appraisal Appraisal
Date Control # Date Value
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
01/00/00 0 01/00/00 0.00
Current Total
Cumulative
Beginning Gross ProceedAggregate
Disclosure Scheduled Gross as a % of Liquidation
Control # Balance Proceeds Sched PrincipExpenses *
0 0.00 0.00 0.00
0 0.00 0.00 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
0 0.00 0.00 0.00% 0.00
Current Total
Cumulative
Net Net Proceeds
Disclosure Liquidation as a % of Realized
Control # Proceeds Sched. BalaLoss
0
0
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
0 0.00 0.00% 0.00
Current Total
Cumulative
* Aggregate liquidation expenses also include
* outstanding P & I a
unpaid servicing fees, unpaid trustees fees,
etc.
