<PAGE>
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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 (Date of earliest event reported) June 17, 1998
DLJ Commercial Mortgage Corp.
-----------------------------
(Exact Name of Registrant as Specified in Its Charter)
Delaware 333-32019 13-3956945
-------- --------- ----------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
277 Park Avenue, New York, New York 10172
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 892-3000
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(Former Name or Former Address, if Changed Since Last Report)
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<PAGE>
Item 5. Other Events.
It is expected that during June 1998, a single series of
certificates, entitled DLJ Commercial Mortgage Corp., Commercial Mortgage
Pass-Through Certificates, Series 1998-CG1 (the "Certificates"), will be
issued pursuant to a pooling and servicing agreement (the "Pooling and
Servicing Agreement"), to be entered into by and among DLJ Commercial Mortgage
Corp. (the "Registrant"), GE Capital Loan Services, Inc., as servicer (the
"Servicer"), Midland Loan Services, Inc., as special servicer (the "Special
Servicer") and Norwest Bank Minnesota, National Association, as trustee (the
"Trustee") and REMIC administrator ("REMIC Administrator"). Certain classes of
the Certificates (the "Underwritten Certificates") will be registered under
the Registrant's registration statement on Form S-3 (no. 333-32019) and sold
to Donaldson, Lufkin & Jenrette Securities Corporation (the "Underwriter")
pursuant to an underwriting agreement (the "Underwriting Agreement") to be
entered into by and between the Registrant and the Underwriter.
In connection with the expected sale of the Underwritten
Certificates, the Underwriter has advised the Registrant that it has furnished
to prospective investors certain information attached hereto as Exhibit 99.1
that may be considered "Computational Materials" (as defined in the no-action
letter dated May 20, 1994 issued by the Division of Corporation Finance of the
Securities and Exchange Commission (the "Commission") to Kidder, Peabody
Acceptance Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May 27, 1994
issued by the Division of Corporation Finance of the Commission to the Public
Securities Association) and "ABS Term Sheets" (as defined in the no-action
letter dated February 17, 1995 issued by the Division of Corporation Finance
of the Commission to the Public Securities Association).
The Computational Materials and ABS Term Sheets attached hereto have
been prepared and provided to the Registrant by the Underwriter. The
information in such Computational Materials and ABS Term Sheets is preliminary
and will be superseded by the final Prospectus Supplement relating to the
Underwritten Certificates and by any other information subsequently filed with
the Commission. To the extent any Computational Materials and ABS Term Sheets
previously filed by the Registrant with respect to the Underwritten
Certificates are inconsistent with the Computational Materials and ABS Term
Sheets attached hereto, such previously filed Computational Materials and ABS
Term Sheets are superseded by the Computational Materials and ABS Term Sheets
attached hereto.
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
- ----------- -----------
99.1 Computational Materials and ABS Term Sheets, dated June 17,
1998, prepared by Donaldson, Lufkin & Jenrette Securities
Corporation.
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<PAGE>
SIGNATURES
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, thereunto duly authorized.
Date: June 17, 1998
DLJ COMMERCIAL MORTGAGE CORP.
By: /s/ N. Dante LaRocca
------------------------------
Name: N. Dante LaRocca
Title: Senior Vice President
-3-
<PAGE>
EXHIBIT INDEX
The following exhibits are filed herewith:
Exhibit No. Page No.
- ----------- --------
99.1 Computational Materials and ABS Term Sheets,
dated June 17, 1998, prepared by Donaldson,
Lufkin & Jenrette Securities Corporation.
-4-
<PAGE>
DLJ Commercial Mortgage Corp.
Commercial Mortgage Pass-Through Certificates Series 1998-CG1
<TABLE>
<CAPTION>
Appraised Maturity Maturity
# Property Name Value Balance LTV
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 The Rivergate Apartments $151,800,000 $ 81,425,622 53.6%
2 Raritan Plaza I (1A) $ 37,000,000 $ 24,242,473 65.5%
3 Raritan Center Industrial Portfolio (1A) $ 34,120,000 $ 21,597,841 63.3%
4 Resurgens Plaza $ 72,000,000 $ 28,501,136 39.6%
5 The Camargue $ 44,700,000 $ 1,651,876 3.7%
6 Casa Arroyo Apartments $ 33,000,000 $ 20,904,435 63.3%
7 Ballena Village Apartments $ 35,100,000 $ 19,208,924 54.7%
8 Holiday Inn - Jacksonville Airport (1B) $ 27,100,000 $ 13,999,966 51.7%
9 Courtyard by Marriott (1B) $ 6,700,000 $ 3,701,140 55.2%
10 Magnolia Lake Apartments $ 26,500,000 $ 17,815,086 67.2%
11 Park Terrace $ 25,900,000 $ 17,117,806 66.1%
12 Autumn Chase Apartments $ 26,000,000 $ 14,964,198 57.6%
13 Embassy Square Suites $ 39,500,000 $ 14,614,784 37.0%
14 101 Commerce Drive $ 25,000,000 $ 14,830,808 59.3%
15 Courtyard by Marriott - Pensacola (1C) $ 7,500,000 $ 4,206,314 56.1%
16 Courtyard by Marriott - Tuscaloosa (1C) $ 5,060,000 $ 3,125,702 61.8%
17 Fairfield Inn - Pensacola (1C) $ 4,800,000 $ 2,523,789 52.6%
18 Fairfield Inn - Birmingham (1C) $ 3,200,000 $ 1,925,196 60.2%
19 Fairfield Inn - Tuscaloosa (1C) $ 2,590,000 $ 1,558,813 60.2%
20 Doctors Medical Complex $ 24,000,000 $ 12,591,534 52.5%
21 Chandler Place Apartments $ 23,000,000 $ 13,674,983 59.5%
22 Summer Cove Apartments (2) $ 18,600,000 $ 13,564,905 72.9%
23 Lake & Racquet Apartments $ 19,500,000 $ 11,607,533 59.5%
24 Stone Ends Apartments $ 17,800,000 $ 12,401,903 69.7%
25 Canyon Club Apartments $ 21,000,000 $ 11,566,896 55.1%
26 BLN Office Park II $ 19,700,000 $ 10,485,534 53.2%
27 Royal Plaza Hotel - Marlborough (1D) $ 20,400,000 $ 8,553,837 41.9%
28 Royal Plaza Hotel - Fitchburg (1D) $ 4,300,000 $ 2,118,094 49.3%
29 Hannaford Plaza AKA Rotterdam Mall $ 17,000,000 $ 11,483,373 67.5%
30 Highland Pavilion Shopping Center (1E) $ 8,950,000 $ 4,918,149 55.0%
31 Highland Pavilion Cinema (1E) $ 7,650,000 $ 4,854,458 63.5%
32 Plumtree Apartments $ 15,700,000 $ 10,892,004 69.4%
33 Ventura Libbit Building $ 18,250,000 $ 467,829 2.6%
34 Carroll Park Industrial Center $ 16,000,000 $ 10,493,115 65.6%
35 Randall Lane, Park Place I & II and
Park Newport Apartments $ 15,000,000 $ 10,108,372 67.4%
36 Plaza Mobile Village $ 14,340,000 $ 10,511,766 73.3%
37 Town & Country Shopping Center $ 14,600,000 $ 9,847,921 67.5%
38 Golden Triangle Shopping Center $ 13,500,000 $ 8,745,527 64.8%
39 Jasper Mall Shopping Center $ 13,350,000 $ 9,234,506 69.2%
40 Lincoln Village Shopping Center $ 14,700,000 $ 9,255,869 63.0%
41 Dominick's Food Store & Multi-Tenant Retail $ 13,000,000 $ 9,081,248 69.9%
42 Suncrest Plaza Shopping Center $ 13,800,000 $ 8,776,405 63.6%
43 Fabyan Crossing Shopping Center $ 12,300,000 $ 7,605,901 61.8%
44 Forest Glen Apartments $ 12,800,000 $ 8,462,742 66.1%
45 Legacy Drive Village Shopping Center $ 15,520,000 $ 8,509,509 54.8%
46 Friendly Village MHC $ 12,100,000 $ 8,314,236 68.7%
47 Breckenridge Apartments $ 12,700,000 $ 8,407,397 66.2%
48 Days Inn - Inner Harbor $ 20,500,000 $ 7,397,754 36.1%
49 Courtyard by Marriott Richmond $ 12,700,000 $ 7,229,816 56.9%
50 Barnes Crossing $ 10,650,000 $ 6,813,494 64.0%
51 Elmwood Regal Center $ 12,100,000 $ 184,557 1.5%
52 520 Franklin Avenue Medical Building $ 11,150,000 $ 7,291,326 65.4%
53 Holiday Inn & Suites $ 14,500,000 $ 6,716,782 46.3%
54 Aspen Ridge Apartments $ 10,275,000 $ 7,078,527 68.9%
55 Parkway Towers Apartments $ 10,800,000 $ 6,866,605 63.6%
56 BLN Office Park I $ 12,750,000 $ 6,167,961 48.4%
57 Garden Plaza Shopping Center $ 10,150,000 $ 6,478,047 63.8%
58 One Phillips Drive $ 10,850,000 $ 6,543,080 60.3%
59 Comfort Inn - Hollywood $ 11,240,000 $ 5,941,198 52.9%
60 Ideal Professional Park $ 9,000,000 $ 6,353,582 70.6%
61 Cypress Pointe Apartments $ 9,000,000 $ 6,298,918 70.0%
62 The Shops at Lionville Station $ 8,750,000 $ 6,123,059 70.0%
63 Cabot Lodge - Gainesville $ 12,100,000 $ 5,632,170 46.5%
64 Hampton Inn & Suites $ 10,000,000 $ 5,627,932 56.3%
65 Mercado Del Rancho Shopping Center $ 9,000,000 $ 6,095,598 67.7%
66 Bancroft Hall Apartments $ 9,000,000 $ 5,670,844 63.0%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Appraised Maturity Maturity
# Property Name Value Balance LTV
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
67 Padonia Commerce Building $ 10,100,000 $ 3 0.0%
68 Anaheim Shores Estates $ 9,650,000 $ 6,061,656 62.8%
69 Tower Square Shopping Center $ 9,000,000 $ 5,991,722 66.6%
70 West Garrett Place $ 9,400,000 $ 5,991,147 63.7%
71 Elmonica Court Apartments $ 9,325,000 $ 5,913,394 63.4%
72 Chesterfield Commons $ 8,500,000 $ 5,942,723 69.9%
73 Plum Tree Apartments $ 9,120,000 $ 5,832,697 64.0%
74 Meadow Central Market $ 9,530,000 $ 393,943 4.1%
75 Mount Kisco Square Shopping Center $ 8,800,000 $ 5,293,945 60.2%
76 Las Brisas Apartments $ 9,600,000 $ 5,600,185 58.3%
77 Freedom Village Shopping Center $ 8,800,000 $ 6,152,388 69.9%
78 Waldan Pond & Waldan Chase Apts $ 8,550,000 $ 5,397,688 63.1%
79 Aspen Park Apartments $ 7,777,000 $ 5,442,268 70.0%
80 Young Circle Shopping Center $ 7,650,000 $ 5,307,664 69.4%
81 Sherwood Knoll Comfort Inn $ 9,000,000 $ 3,938,562 43.8%
82 Bridgepoint Apartments $ 7,500,000 $ 5,253,850 70.1%
83 Holiday Inn Center City $ 11,900,000 $ 4,856,389 40.8%
84 Rainbow Design Center $ 8,000,000 $ 5,148,682 64.4%
85 Flower Hill Professional Center (1F) $ 6,700,000 $ 4,430,374 66.1%
86 Flower Hill McDonald's (1F) $ 1,400,000 $ 556,727 39.8%
87 Blue Ash Hotel & Conference Center $ 11,000,000 $ 4,564,048 41.5%
88 Ultra Plaza Shopping Center (3) $ 7,100,000 $ 5,070,121 71.4%
89 Sinagua Plaza $ 9,100,000 $ 4,973,091 54.6%
90 Holiday Plaza $ 6,900,000 $ 4,922,748 71.3%
91 Olde Mill Shopping Center $ 8,000,000 $ 2,211,915 27.6%
92 Regal Cinemas Center-Lancaster $ 7,900,000 $ 174,653 2.2%
93 Temescal Business Center $ 10,700,000 $ 4,699,738 43.9%
94 Houston Centre $ 6,560,000 $ 4,527,447 69.0%
95 Pellcare Nursing Home - Winston-Salem (1G) $ 4,520,000 $ 2,447,692 54.2%
96 Pellcare Nursing Home - Hickory (1G) $ 3,140,000 $ 1,700,938 54.2%
97 Vista Mar Apartments $ 6,600,000 $ 4,558,741 69.1%
98 Cherokee Shopping Center $ 7,500,000 $ 317,961 4.2%
99 Super 8 Geary Street $ 7,400,000 $ 202,767 2.7%
100 Cabot Lodge - Tallahassee $ 8,100,000 $ 4,022,978 49.7%
101 Kessel Foods $ 6,750,000 $ 4,033,738 59.8%
102 South Pointe Apartments $ 6,150,000 $ 4,326,100 70.3%
103 Wyoming-Enzie Properties (1H) $ 4,058,000 $ 2,384,168 58.8%
104 Mesa Properties (1H) $ 2,364,500 $ 1,145,436 48.4%
105 Mervyn's Plaza $ 6,800,000 $ 4,274,812 62.9%
106 Bartlett Commons $ 7,200,000 $ 3,815,144 53.0%
107 Crowley Village Shopping Center $ 6,000,000 $ 4,183,763 69.7%
108 Tivoli Condominiums (1I) $ 2,625,000 $ 1,840,772 70.1%
109 Cross Creek Apartments (1I) $ 1,850,000 $ 1,297,305 70.1%
110 Tamara Hills Townhomes (1I) $ 1,775,000 $ 937,917 52.8%
111 The Bell Rock Inn $ 6,500,000 $ 3,777,516 58.1%
112 Howard Johnson Hotel $ 6,760,000 $ 3,754,671 55.5%
113 Camelot Apartments $ 6,250,000 $ 4,015,833 64.3%
114 Canyon Ridge MHP $ 6,400,000 $ 4,035,708 63.1%
115 Westlake Crossing Shopping Center $ 7,600,000 $ 3,438,296 45.2%
116 Days Hotel Timonium $ 8,800,000 $ 3,502,128 39.8%
117 Heritage Square Apartments $ 5,500,000 $ 1,819,838 33.1%
118 Constitution Square $ 6,050,000 $ 3,701,890 61.2%
119 Oxford Square $ 5,600,000 $ 3,838,726 68.5%
120 Spring Villas $ 5,450,000 $ 3,716,408 68.2%
121 Sierra Point Apartments $ 5,800,000 $ 3,822,867 65.9%
122 Menlo Avenue Office Building $ 6,400,000 $ 3,778,016 59.0%
123 Henderson Marketplace $ 5,840,000 $ 2,927,087 50.1%
124 Stone Creek Apartments $ 5,400,000 $ 3,719,822 68.9%
125 Florida Avenue Apartments $ 6,000,000 $ 3,673,944 61.2%
126 Homewood Village Shopping Center $ 5,500,000 $ 3,695,513 67.2%
127 Common Wealth Avenue Apartments $ 6,600,000 $ 3,357,957 50.9%
128 Sunrise Square Shopping Center $ 5,610,000 $ 3,425,344 61.1%
129 Stein Mart Plaza $ 5,200,000 $ 3,628,272 69.8%
130 1500 Plaza Office Building $ 6,400,000 $ 3,608,110 56.4%
131 New West Village Apartments $ 5,500,000 $ 3,794,816 69.0%
132 Brookside Apartments $ 5,100,000 $ 3,569,848 70.0%
133 Vinyard Gardens $ 5,100,000 $ 3,495,814 68.5%
134 Hidden Bay Village Apartments $ 5,000,000 $ 3,483,582 69.7%
135 Raintree Apartments $ 5,000,000 $ 3,483,582 69.7%
136 The Office Centre at Dunwoody Village $ 5,625,000 $ 3,508,059 62.4%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Appraised Maturity Maturity
# Property Name Value Balance LTV
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
137 Seminary Plaza $ 5,500,000 $ 3,531,102 64.2%
138 Longbranch Apartments $ 5,600,000 $ 3,474,336 62.0%
139 The Market at Merrill Shopping Center $ 6,700,000 $ 1,629,054 24.3%
140 Comfort Inn - Dothan $ 8,350,000 $ 3,154,278 37.8%
141 Wind River Office Building $ 5,250,000 $ 3,421,509 65.2%
142 Pass Christian Village $ 5,100,000 $ 3,123,136 61.2%
143 Marriott Courtyard - Dothan $ 5,200,000 $ 3,000,608 57.7%
144 Tivoli Apartments $ 4,750,000 $ 3,222,313 67.8%
145 Sun Plaza Shopping Center $ 6,800,000 $ 78,723 1.2%
146 Holiday Inn Express - Washington $ 6,500,000 $ 2,983,671 45.9%
147 Mariner Crossing Shopping Center $ 5,200,000 $ 3,147,436 60.5%
148 Mt. Dora Marketplace $ 4,600,000 $ 3,136,593 68.2%
149 Aspen Village Apartments $ 4,800,000 $ 3,168,186 66.0%
150 Sherman Oaks $ 6,000,000 $ 3,131,551 52.2%
151 South Plains Apartments $ 4,590,000 $ 3,247,048 70.7%
152 Royal Oaks Apartments $ 4,400,000 $ 3,050,454 69.3%
153 Northwinds Apartment Complex $ 4,695,000 $ 2,855,412 60.8%
154 The Park Shopping Center $ 4,400,000 $ 3,070,349 69.8%
155 Lloyd Office Plaza $ 5,725,000 $ 3,080,094 53.8%
156 Bridge Street Lodge (1J) $ 4,150,000 $ - 0.0%
157 P & R Building (1J) $ 1,675,000 $ - 0.0%
158 Holiday Inn - Dothan $ 4,900,000 $ 2,749,883 56.1%
159 Hampton North Townhomes & Apartments $ 4,300,000 $ 2,961,151 68.9%
160 Holiday Inn - Lake Havasu $ 4,300,000 $ 2,767,156 64.4%
161 University Shoppes $ 4,470,000 $ 128,443 2.9%
162 Galleria Mall $ 5,050,000 $ 2,273,420 45.0%
163 Park 219 Business Park $ 5,050,000 $ 2,655,625 52.6%
164 One Energy Square $ 4,350,000 $ 2,854,294 65.6%
165 Orchard Plaza Shopping Center $ 4,100,000 $ 2,854,743 69.6%
166 The Mark Mobile Home Park $ 6,700,000 $ 2,552,539 38.1%
167 Rivershores Apartments $ 4,230,000 $ 2,771,743 65.5%
168 Perry Hall Mini-Storage $ 7,500,000 $ 2,135,413 28.5%
169 Governor's Palace, Ridgmar Americana &
Ridgmar West Apartments $ 4,200,000 $ 2,725,456 64.9%
170 Brookhollow Apartments $ 4,200,000 $ 2,728,777 65.0%
171 Cedarfield Plaza (1K) $ 2,060,000 $ 1,363,430 66.2%
172 Greece Mini Storage (1K) $ 1,930,000 $ 1,212,078 62.8%
173 Gander Mountain / JoAnn Fabrics Center $ 4,100,000 $ 2,113,610 51.6%
174 The Colonnade at Turtle Creek Apartments $ 3,875,000 $ 2,641,002 68.2%
175 601 Franklin Avenue Medical Building $ 4,150,000 $ 2,635,419 63.5%
176 Valdosta Storage Rollup $ 3,790,000 $ 2,442,870 64.5%
177 All Aboard Mini-Storage $ 4,000,000 $ 2,382,534 59.6%
178 Brea Center $ 5,100,000 $ 2,654,105 52.0%
179 Holiday Inn Express $ 4,600,000 $ 2,451,702 53.3%
180 Seaport Villas $ 4,160,000 $ 2,576,349 61.9%
181 Park Central Office Park $ 4,075,000 $ 2,594,650 63.7%
182 Drug Emporium Shopping Center $ 3,800,000 $ 2,538,030 66.8%
183 Langley Place $ 4,100,000 $ 2,463,431 60.1%
184 Red Lion Apartments $ 3,600,000 $ 178,870 5.0%
185 The Woodlands Shopping Center $ 3,750,000 $ 2,514,431 67.1%
186 St. Marys Plaza $ 4,560,000 $ 2,498,870 54.8%
187 Mountain Park Pavilions II $ 3,945,000 $ - 0.0%
188 Shady Banks Shopping Center $ 3,500,000 $ 2,460,104 70.3%
189 Pavilion in the Park Shopping Center $ 3,750,000 $ 1,144,463 30.5%
190 Riverview Business Plaza $ 3,675,000 $ 2,446,177 66.6%
191 Cumberland Station Shopping Center $ 3,550,000 $ 2,440,149 68.7%
192 509-511 Amsterdam Avenue $ 3,700,000 $ 2,394,659 64.7%
193 Westover Pointe Center $ 3,375,000 $ 2,393,997 70.9%
194 Towne East Village Apartments $ 3,400,000 $ 2,378,487 70.0%
195 Super Crown Books & LaJolla Patio $ 4,500,000 $ - 0.0%
196 Bent Oak Apartments $ 3,525,000 $ 2,307,873 65.5%
197 Summit Apartments $ 3,312,000 $ 2,292,886 69.2%
198 Jefferson Square Mall $ 4,000,000 $ 2,114,852 52.9%
199 Sandalwood Center $ 4,550,000 $ 2,123,134 46.7%
200 Encino Village Center $ 4,900,000 $ 2,116,061 43.2%
201 Willamette Terrace $ 3,200,000 $ 2,219,734 69.4%
202 4 Hartwell Place $ 3,900,000 $ 2,062,711 52.9%
203 79 Worth Street $ 3,200,000 $ 2,215,192 69.2%
204 Stewart Creek Shopping Center $ 3,400,000 $ 2,016,651 59.3%
205 Plantation Village Shopping Center $ 3,950,000 $ 2,272,314 57.5%
206 Lookout Ridge Apartments $ 3,700,000 $ 2,186,485 59.1%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Appraised Maturity Maturity
# Property Name Value Balance LTV
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
207 Orangethorpe Beach Shopping Center $ 3,500,000 $ 2,211,126 63.2%
208 Orchard Supply $ 5,000,000 $ 47,595 1.0%
209 Waterford Village Shopping Center $ 3,350,000 $ 2,023,569 60.4%
210 Governor's Terrace $ 3,430,000 $ 1,891,236 55.1%
211 Esplanade Mini-Storage $ 3,900,000 $ 1,981,892 50.8%
212 Sterling Industrial Park $ 3,500,000 $ 1,942,203 55.5%
213 Mabelvale Plaza Shopping Center $ 3,100,000 $ 1,933,931 62.4%
214 Woodlawn Village Shopping Center $ 2,900,000 $ 2,030,424 70.0%
215 Bolton-Moore's Mill Shopping Center $ 2,900,000 $ 2,035,770 70.2%
216 Omni Plaza Shopping Center $ 3,500,000 $ 2,023,406 57.8%
217 Shield Street Plaza $ 4,000,000 $ 1,870,788 46.8%
218 Viewmont Estates Mobile Home Park $ 3,400,000 $ 1,726,270 50.8%
219 1731, 1741 and 1751 Washington Street $ 2,750,000 $ 1,764,588 64.2%
220 Penninsula Professional Building $ 2,800,000 $ 1,937,913 69.2%
221 Creekside Mobile Estates $ 3,415,000 $ 1,922,645 56.3%
222 Alexandria Square $ 3,355,000 $ 1,029,073 30.7%
223 Advo Building $ 2,800,000 $ 1,898,693 67.8%
224 White Pines Plaza $ 2,700,000 $ 1,849,198 68.5%
225 North Shore Estates $ 3,050,000 $ 1,834,981 60.2%
226 River's Edge Apartments $ 3,075,000 $ 1,848,463 60.1%
227 109-111 Grant Avenue $ 3,050,000 $ 1,839,384 60.3%
228 Royal Oaks Senior Community Park $ 3,640,000 $ 1,838,772 50.5%
229 Parker Marketplace Phase II $ 2,950,000 $ 1,829,392 62.0%
230 Summer Creek Apartments $ 2,575,000 $ 1,794,045 69.7%
231 Robarts Mobile Home Park $ 2,720,000 $ 1,785,385 65.6%
232 Woodcrest Townhome Apartments $ 2,700,000 $ 1,359,155 50.3%
233 Planters Trace Apartments $ 2,500,000 $ 1,734,062 69.4%
234 Stone Oak Apartments $ 2,600,000 $ 1,740,908 67.0%
235 Hidden Hills Mobile Home Park $ 3,025,000 $ 1,735,994 57.4%
236 Tiger Mart $ 2,425,000 $ 57,058 2.4%
237 Quail Hollow Business Park $ 2,700,000 $ 1,625,715 60.2%
238 Campus Square Apartments $ 2,900,000 $ 1,297,158 44.7%
239 Bridgeport Professional Building $ 2,850,000 $ 1,618,855 56.8%
240 Park Lane Terrace Apartments $ 2,600,000 $ 1,837,870 70.7%
241 Brigham's Landing Shopping Center $ 3,800,000 $ 1,619,667 42.6%
242 Boulevard Shoppes II $ 2,910,000 $ 76,685 2.6%
243 The Clusters Apartments $ 5,000,000 $ 928,065 18.6%
244 Fairfield Inn - Dothan $ 3,000,000 $ 1,609,783 53.7%
245 Valley Manor $ 2,620,000 $ 1,598,462 61.0%
246 Sunrise Village Apartments $ 2,925,000 $ 1,577,753 53.9%
247 Ridgewood Apartments $ 2,400,000 $ 1,178,503 49.1%
248 Bella Vista Terrace $ 2,600,000 $ 1,659,344 63.8%
249 Ramada Limited $ 3,150,000 $ 1,552,685 49.3%
250 Secluded Oaks Villas Apartments $ 2,680,000 $ 1,667,858 62.2%
251 Colonial Mobile Home Park $ 3,100,000 $ 1,535,444 49.5%
252 Plaza North Medical Building $ 2,460,000 $ 1,470,400 59.8%
253 Camelot Apartments $ 2,400,000 $ 1,593,150 66.4%
254 Northlake Quadrangle $ 2,600,000 $ 1,439,876 55.4%
255 Gordon Street Apartments $ 2,800,000 $ 1,567,238 56.0%
256 Northgate Apartments $ 3,030,000 $ 1,438,412 47.5%
257 Sepulveda Crest Apartments $ 2,260,000 $ 1,569,926 69.5%
258 Morningstar Mini-Storage $ 3,850,000 $ 61,073 1.6%
259 Chateaux Verde Apartments $ 2,600,000 $ 1,116,342 42.9%
260 Homestead Corner Shopping Center $ 2,320,000 $ 1,353,525 58.3%
261 Lake Villa Apartments $ 2,270,000 $ 1,487,634 65.5%
262 F & H Warehouse $ 4,200,000 $ 36,782 0.9%
263 Avian Plaza Shopping Center $ 2,300,000 $ 1,389,185 60.4%
264 Port Orchard Mini Storage $ 2,380,000 $ 1,338,745 56.2%
265 Sequoia Grove Apartments $ 2,250,000 $ 1,414,452 62.9%
266 The Miller Center $ 2,300,000 $ 1,116,484 48.5%
267 Emerald Park Apartments $ 2,000,000 $ 1,372,998 68.6%
268 Rancho San Diego Town & Country $ 2,200,000 $ 1,355,625 61.6%
269 French Quarters East Apartments $ 1,875,000 $ 1,354,552 72.2%
270 The Forest Apartments $ 2,000,000 $ 1,341,179 67.1%
271 Oakhill Apartments $ 1,900,000 $ 1,323,408 69.7%
272 STOR-N-LOCK $ 2,155,000 $ 1,207,432 56.0%
273 Autumn Ridge Apartments $ 2,000,000 $ 1,380,758 69.0%
274 701 Franklin Center $ 1,950,000 $ 1,186,031 60.8%
275 Savoy Condominiums $ 2,960,000 $ 1,251,157 42.3%
276 Meriden East Apartments $ 2,000,000 $ 1,313,131 65.7%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Appraised Maturity Maturity
# Property Name Value Balance LTV
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
277 Hyde Park Mobile Estates $ 2,730,000 $ 2,110 0.1%
278 Courtyard Plaza $ 2,400,000 $ 1,127,781 47.0%
279 Tradewinds Apartments $ 1,775,000 $ 1,219,254 68.7%
280 Regency Manor Apartments $ 2,280,000 $ 1,231,637 54.0%
281 Hood Chalet Mobile Estates $ 2,475,000 $ 899,350 36.3%
282 Mauna Kea Apartments $ 1,795,000 $ 1,229,957 68.5%
283 Deer Creek Apartments $ 1,990,000 $ 556,546 28.0%
284 Evergreen Place Condominiums $ 1,650,000 $ 1,158,617 70.2%
285 Autumn Creek Apartments $ 1,675,000 $ 1,129,729 67.4%
286 Midtown at Main $ 1,650,000 $ 897,819 54.4%
287 Park Place Center $ 1,860,000 $ 999,104 53.7%
288 International Self Storage $ 2,140,000 $ 971,137 45.4%
289 Villa Catalina Apartments $ 1,560,000 $ 1,023,812 65.6%
290 Loc-'N-Stor Self-Storage $ 1,630,000 $ 916,076 56.2%
291 Rancho Villa $ 1,475,000 $ 893,136 60.6%
292 Timberline Mobile Home Park $ 1,770,000 $ 885,841 50.0%
293 Timberland Ridge Apartments $ 1,520,000 $ 882,050 58.0%
294 Leewood Apartments $ 1,500,000 $ 966,300 64.4%
295 Glen Mark Apartments $ 1,425,000 $ 896,355 62.9%
296 Pinecroft Mobile Home Park $ 2,370,000 $ 805,310 34.0%
297 Eckerds Drugstore $ 3,050,000 $ 29,210 1.0%
298 Eastern Promenade Apartments $ 1,200,000 $ 771,222 64.3%
299 Belle Meade Apartments $ 1,275,000 $ 772,881 60.6%
300 Riverview Plaza II $ 1,650,000 $ 629,463 38.1%
301 Westmoreland Warehouse $ 1,000,000 $ 398,892 39.9%
==============================================================
Total/Weighted Average: $2,283,791,500 $1,227,863,005 46.8%
==============================================================
</TABLE>
<PAGE>
Dondalson, Lufkin & Jenrette 6/17/98
Real Estate Finance Group
Maturity Loan-to-Value Ratios
<TABLE>
<CAPTION>
Weighted
Range of Aggregate Percentage of Aggregate Average
Maturity Date Number Cut-Off Initial Appraised Maturity Date
LTV Ratios of Loans Balance (1) Pool Balance Value LTV Ratio
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
0.00% - 19.99% 23 $ 112,857,797 7.2% $ 175,785,000 2.8%
20.00% - 39.99% 18 $ 99,380,320 6.4% $ 201,540,000 36.1%
40.00% - 59.99% 99 $ 546,149,895 34.9% $ 847,642,500 53.2%
60.00% - 73.30% 161 $ 805,865,420 51.5% $1,058,824,000 66.3%
=========================================================================
Total/Weighted Average: 301 $ 1,564,253,433 100.0% $ 2,283,791,500 55.2%
==========================================================================
</TABLE>
Maturity Loan-to-Value Ratios
<TABLE>
<CAPTION>
Weighted
Average Weighted
Range of Weighted Occupancy Average
Maturity Date Aggregate Average Rate at Year Built/
LTV Ratios U/W NCF (2) U/W DSCR U/W (1) Renovated (3)
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
0.00% - 19.99% $ 15,334,824 1.40 x 97.5% 1985
20.00% - 39.99% $ 15,619,227 1.86 x 96.2% 1989
40.00% - 59.99% $ 69,438,827 1.52 x 96.5% 1988
60.00% - 73.30% $ 88,600,654 1.34 x 96.4% 1988
======================================================
Total/Weighted Average: $ 188,993,532 1.44 x 96.5% 1988
======================================================
</TABLE>
<TABLE>
<S> <C>
Maximum Maturity Date LTV Ratio: 73.3%
Minimum Maturity Date LTV Ratio: 0.0%
Wtd. Avg. Maturity Date LTV Ratio: 55.2%
</TABLE>
(1) Assumes a Cut-off Date of June 1, 1998.
(2) Underwriting NCF reflects Net Cash Flow after U/W Replacement Reserves,
U/W LC's and TI's and FF&E.
(3) Year Built/Renovated reflects the later of the Year Built or the Year
Renovated.
<PAGE>
Donaldson, Lufkin & Jenrette 6/17/98
Real Estate Finance Group
DLJCMC 1998-CG1
<TABLE>
<CAPTION>
First
Cut-off Payment
Property Name Property Type Originator Balance (1) Date
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 The Rivergate Apartments Multifamily G.E. Capital $94,602,207.92 02/01/98
4 Resurgens Plaza Office G.E. Capital $32,859,589.46 02/01/98
6 Casa Arroyo Apartments Multifamily G.E. Capital $23,984,720.00 06/01/98
7 Ballena Village Apartments Multifamily G.E. Capital $21,954,540.64 04/01/98
8 Holiday Inn - Jacksonville Airport Hotel Column $17,361,591.77 05/01/98
9 Courtyard by Marriott Hotel Column $4,589,846.09 05/01/98
10 Magnolia Lake Apartments Multifamily G.E. Capital $20,500,000.00 07/01/98
11 Park Terrace Multifamily G.E. Capital $19,966,397.92 05/01/98
12 Autumn Chase Apartments Multifamily G.E. Capital $19,472,136.74 05/01/98
13 Embassy Square Suites Hotel Column $17,899,848.05 02/01/98
20 Doctors Medical Complex Office G.E. Capital $15,991,794.70 06/01/98
21 Chandler Place Apartments Multifamily G.E. Capital $15,690,004.32 06/01/98
23 Lake & Racquet Apartments Multifamily G.E. Capital $14,979,511.12 05/01/98
24 Stone Ends Apartments Multifamily G.E. Capital $14,219,051.98 05/01/98
25 Canyon Club Apartments Multifamily G.E. Capital $13,558,247.68 06/01/98
27 Royal Plaza Hotel - Marlborough Hotel Column $10,478,542.04 05/01/98
28 Royal Plaza Hotel - Fitchburg Hotel Column $2,594,686.61 05/01/98
29 Hannaford Plaza AKA Rotterdam Mall Retail G.E. Capital $12,993,014.52 06/01/98
30 Highland Pavilion Shopping Center Retail G.E. Capital $6,332,000.00 07/01/98
31 Highland Pavilion Cinema Retail G.E. Capital $6,250,000.00 07/01/98
32 Plumtree Apartments Multifamily G.E. Capital $12,500,000.00 07/01/98
36 Plaza Mobile Village Manufactured Housing G.E. Capital $11,308,631.20 02/01/98
38 Golden Triangle Shopping Center Retail G.E. Capital $10,777,077.44 05/01/98
39 Jasper Mall Shopping Center Retail G.E. Capital $10,535,181.09 05/01/98
40 Lincoln Village Shopping Center Retail G.E. Capital $10,456,137.37 01/01/98
44 Forest Glen Apartments Multifamily G.E. Capital $9,743,547.96 06/01/98
45 Legacy Drive Village Shopping Center Retail G.E. Capital $9,711,785.79 02/01/98
46 Friendly Village MHC Manufactured Housing G.E. Capital $9,494,274.36 06/01/98
48 Days Inn - Inner Harbor Hotel G.E. Capital $9,329,683.68 01/01/98
50 Barnes Crossing Retail G.E. Capital $8,500,000.00 07/01/98
53 Holiday Inn & Suites Hotel G.E. Capital $8,300,000.00 07/01/98
54 Aspen Ridge Apartments Multifamily G.E. Capital $8,074,630.55 03/01/98
59 Comfort Inn - Hollywood Hotel Column $7,317,233.98 04/01/98
60 Ideal Professional Park Office G.E. Capital $7,196,080.04 06/01/98
61 Cypress Pointe Apartments Multifamily G.E. Capital $7,189,836.92 05/01/98
62 The Shops at Lionville Station Retail G.E. Capital $6,995,754.98 06/01/98
63 Cabot Lodge - Gainesville Hotel Column $6,984,548.42 05/01/98
64 Hampton Inn & Suites Hotel Column $6,977,328.82 04/01/98
66 Bancroft Hall Apartments Multifamily G.E. Capital $6,953,647.48 06/01/98
69 Tower Square Shopping Center Retail G.E. Capital $6,939,015.59 05/01/98
71 Elmonica Court Apartments Multifamily G.E. Capital $6,795,592.34 06/01/98
72 Chesterfield Commons Retail G.E. Capital $6,790,307.24 05/01/98
73 Plum Tree Apartments Multifamily G.E. Capital $6,695,708.69 06/01/98
76 Las Brisas Apartments Multifamily G.E. Capital $6,564,310.04 06/01/98
78 Waldan Pond & Waldan Chase Apts Multifamily G.E. Capital $6,446,088.52 06/01/98
79 Aspen Park Apartments Multifamily G.E. Capital $6,192,234.29 01/01/98
81 Sherwood Knoll Comfort Inn Hotel G.E. Capital $6,017,065.72 06/01/98
82 Bridgepoint Apartments Multifamily G.E. Capital $5,996,406.12 06/01/98
83 Holiday Inn Center City Hotel G.E. Capital $5,994,244.97 06/01/98
84 Rainbow Design Center Retail G.E. Capital $5,846,571.90 03/01/98
87 Blue Ash Hotel & Conference Center Hotel G.E. Capital $5,736,509.77 05/01/98
89 Sinagua Plaza Retail G.E. Capital $5,646,822.68 06/01/98
90 Holiday Plaza Manufactured Housing G.E. Capital $5,596,800.08 06/01/98
100 Cabot Lodge - Tallahassee Hotel Column $4,988,963.15 05/01/98
102 South Pointe Apartments Multifamily G.E. Capital $4,917,197.58 06/01/98
105 Mervyn's Plaza Retail G.E. Capital $4,883,861.70 03/01/98
111 The Bell Rock Inn Hotel Column $4,635,918.10 04/01/98
112 Howard Johnson Hotel Hotel Column $4,595,858.82 06/01/98
114 Canyon Ridge MHP Manufactured Housing G.E. Capital $4,582,725.54 02/01/98
115 Westlake Crossing Shopping Center Retail G.E. Capital $4,482,136.51 02/01/98
116 Days Hotel Timonium Hotel G.E. Capital $4,416,711.95 01/01/98
119 Oxford Square Retail G.E. Capital $4,390,836.71 04/01/98
120 Spring Villas Multifamily G.E. Capital $4,356,224.01 06/01/98
126 Homewood Village Shopping Center Retail G.E. Capital $4,187,035.43 03/01/98
127 Common Wealth Avenue Apartments Multifamily G.E. Capital $4,179,055.17 03/01/98
129 Stein Mart Plaza Retail G.E. Capital $4,157,391.08 06/01/98
132 Brookside Apartments Multifamily G.E. Capital $4,061,787.12 01/01/98
133 Vinyard Gardens Multifamily G.E. Capital $4,017,863.67 06/01/98
138 Longbranch Apartments Multifamily G.E. Capital $3,993,972.73 05/01/98
139 The Market at Merrill Shopping Center Retail G.E. Capital $3,950,000.00 07/01/98
142 Pass Christian Village Retail G.E. Capital $3,828,469.39 02/01/98
148 Mt. Dora Marketplace Retail G.E. Capital $3,592,404.82 04/01/98
149 Aspen Village Apartments Multifamily G.E. Capital $3,590,501.15 10/01/97
154 The Park Shopping Center Retail G.E. Capital $3,497,948.85 06/01/98
160 Holiday Inn - Lake Havasu Hotel Column $3,381,337.87 02/01/98
163 Park 219 Business Park Industrial G.E. Capital $3,289,374.55 04/01/98
168 Perry Hall Mini-Storage Self Storage G.E. Capital $3,138,857.10 01/01/98
176 Valdosta Storage Rollup Self Storage G.E. Capital $2,997,249 06/01/98
177 All Aboard Mini-Storage Self Storage G.E. Capital $2,996,503 06/01/98
179 Holiday Inn Express Hotel Column $2,991,274 04/01/98
180 Seaport Villas Multifamily G.E. Capital $2,948,178 06/01/98
182 Drug Emporium Shopping Center Retail G.E. Capital $2,898,252 06/01/98
189 Pavilion in the Park Shopping Center Retail G.E. Capital $2,775,000 07/01/98
192 509-511 Amsterdam Avenue Multifamily G.E. Capital $2,748,244 06/01/98
199 Sandalwood Center Retail G.E. Capital $2,594,767 05/01/98
200 Encino Village Center Retail G.E. Capital $2,585,729 02/01/98
201 Willamette Terrace Multifamily G.E. Capital $2,551,182 03/01/98
203 79 Worth Street Multifamily G.E. Capital $2,544,466 04/01/98
205 Plantation Village Shopping Center Retail G.E. Capital $2,536,796 02/01/98
</TABLE>
<TABLE>
<CAPTION>
Maturity
Property Name Date (2) ARD (3) Additional Interest Rate
----------------------------------------------------------------------- -------------------------------------------------------
<S> <C> <C> <C>
1 The Rivergate Apartments 01/01/28 01/01/08 5% + Contract Rate
4 Resurgens Plaza 01/01/28 01/01/08 5% + Contract Rate
6 Casa Arroyo Apartments 05/01/28 05/01/08 Greater of 2% + Contract Rate or 3.34% + U.S. Treasury
7 Ballena Village Apartments 03/01/28 03/01/08 Contract Rate + 5%
8 Holiday Inn - Jacksonville Airport 04/01/23 04/01/08 2%
9 Courtyard by Marriott 04/01/23 04/01/08 2%
10 Magnolia Lake Apartments 06/01/28 06/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
11 Park Terrace 04/01/28 04/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
12 Autumn Chase Apartments 04/01/28 04/01/13 2% + (Greater of Contract Rate or U.S. Treasury)
13 Embassy Square Suites 01/01/23 01/01/08 10 Yr Treasury Rate + 2.5% note rate - Applicable
Interest Rate
20 Doctors Medical Complex 05/01/28 05/01/13 2% + (Greater of Contract Rate or U.S. Treasury)
21 Chandler Place Apartments 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
23 Lake & Racquet Apartments 04/01/28 04/01/13 2% + (Greater of Contract Rate or U.S. Treasury)
24 Stone Ends Apartments 04/01/28 04/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
25 Canyon Club Apartments 05/01/28 05/01/08 Greater of 2% + Contract Rate or 3.17% + U.S. Treasury
27 Royal Plaza Hotel - Marlborough 04/01/23 04/01/08 10 Yr Treasury Rate + 5% note rate - Applicable
Interest Rate
28 Royal Plaza Hotel - Fitchburg 04/01/23 04/01/08 10 Yr Treasury Rate + 5% note rate - Applicable
Interest Rate
29 Hannaford Plaza AKA Rotterdam Mall 05/01/28 05/01/08 U.S. Treasury + 1.5%
30 Highland Pavilion Shopping Center 06/01/28 06/01/13 2% + (Greater of Contract Rate or U.S. Treasury)
31 Highland Pavilion Cinema 06/01/28 06/01/13 2% + (Greater of Contract Rate or U.S. Treasury)
32 Plumtree Apartments 06/01/28 06/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
36 Plaza Mobile Village 01/01/28 01/01/05 2% + (Greater of Contract Rate or U.S. Treasury)
38 Golden Triangle Shopping Center 04/01/23 04/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
39 Jasper Mall Shopping Center 04/01/28 04/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
40 Lincoln Village Shopping Center 12/01/27 12/01/07 Lesser of max. non-usurious amt allowed by law and 2%
+ (Greater of Contract Rate or U.S. Treasury)
44 Forest Glen Apartments 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
45 Legacy Drive Village Shopping Center 01/01/28 01/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
46 Friendly Village MHC 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
48 Days Inn - Inner Harbor 12/01/22 12/01/07 Contract Rate + 5%
50 Barnes Crossing 06/01/23 06/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
53 Holiday Inn & Suites 06/01/23 06/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
54 Aspen Ridge Apartments 02/01/28 02/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
59 Comfort Inn - Hollywood 03/01/23 03/01/08 10 Yr Treasury Rate + 4% note rate - Applicable
Interest Rate
60 Ideal Professional Park 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
61 Cypress Pointe Apartments 04/01/28 04/01/08 Greater of 2% + Contract Rate or 3.45% + U.S. Treasury
62 The Shops at Lionville Station 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
63 Cabot Lodge - Gainesville 04/01/23 04/01/08 2%
64 Hampton Inn & Suites 03/01/23 03/01/08 2%
66 Bancroft Hall Apartments 05/01/23 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
69 Tower Square Shopping Center 04/01/28 04/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
71 Elmonica Court Apartments 05/01/28 05/01/08 Greater of 2% + Contract Rate or 3.2% + U.S. Treasury
72 Chesterfield Commons 04/01/28 04/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
73 Plum Tree Apartments 05/01/28 05/01/08 Greater of 2% + Contract Rate or 3.6% + U.S. Treasury
76 Las Brisas Apartments 05/01/28 05/01/08 Greater of 2% + Contract Rate or 3.17% + U.S. Treasury
78 Waldan Pond & Waldan Chase Apts 05/01/28 05/01/10 2% + (Greater of Contract Rate or U.S. Treasury)
79 Aspen Park Apartments 12/01/27 12/01/07 Greater of 2% + Contract Rate or 3.25% + U.S. Treasury
81 Sherwood Knoll Comfort Inn 05/01/23 05/01/13 2% + (Greater of Contract Rate or U.S. Treasury)
82 Bridgepoint Apartments 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
83 Holiday Inn Center City 05/01/23 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
84 Rainbow Design Center 02/01/28 02/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
87 Blue Ash Hotel & Conference Center 04/01/23 04/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
89 Sinagua Plaza 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
90 Holiday Plaza 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
100 Cabot Lodge - Tallahassee 04/01/23 04/01/08 2%
102 South Pointe Apartments 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
105 Mervyn's Plaza 02/01/28 02/01/08 Greater of 2% + Contract Rate or 4% + U.S. Treasury
111 The Bell Rock Inn 03/01/23 03/01/08 (20 Yr Treasury Rate + 2% annum over note rate) or 5%
112 Howard Johnson Hotel 05/01/23 05/01/08 2%
114 Canyon Ridge MHP 01/01/28 01/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
115 Westlake Crossing Shopping Center 01/01/28 01/01/13 2% + (Greater of Contract Rate or U.S. Treasury)
116 Days Hotel Timonium 12/01/22 12/01/07 Contract Rate + 5%
119 Oxford Square 03/01/28 03/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
120 Spring Villas 05/01/28 05/01/08 Greater of 2% + Contract Rate or 3.17% + U.S. Treasury
126 Homewood Village Shopping Center 02/01/28 02/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
127 Common Wealth Avenue Apartments 02/01/23 02/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
129 Stein Mart Plaza 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
132 Brookside Apartments 12/01/27 12/01/07 Greater of 2% + Contract Rate or 3.25% + U.S. Treasury
133 Vinyard Gardens 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
138 Longbranch Apartments 04/01/28 04/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
139 The Market at Merrill Shopping Center 06/01/23 06/01/18 2% + (Greater of Contract Rate or U.S. Treasury)
142 Pass Christian Village 01/01/23 01/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
148 Mt. Dora Marketplace 03/01/28 03/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
149 Aspen Village Apartments 09/01/27 09/01/07 Greater of 2% + Contract Rate or 3.70% + U.S. Treasury
154 The Park Shopping Center 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
160 Holiday Inn - Lake Havasu 01/01/23 01/01/08 10 Yr Treasury Rate + 4% note rate - Applicable
Interest Rate
163 Park 219 Business Park 03/01/23 03/01/08 Greater of 2% + Contract Rate or 3.55% + U.S. Treasury
168 Perry Hall Mini-Storage 12/01/17 12/01/07 Contract Rate + 5%
176 Valdosta Storage Rollup 05/01/23 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
177 All Aboard Mini-Storage 05/01/23 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
179 Holiday Inn Express 03/01/23 03/01/08 2%
180 Seaport Villas 04/30/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
182 Drug Emporium Shopping Center 05/01/28 05/01/08 Greater of 2% + Contract Rate or 3.45% + U.S. Treasury
189 Pavilion in the Park Shopping Center 06/01/23 06/01/18 2% + (Greater of Contract Rate or U.S. Treasury)
192 509-511 Amsterdam Avenue 05/01/23 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
199 Sandalwood Center 04/01/23 04/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
200 Encino Village Center 01/01/23 01/01/08 Greater of 2% + Contract Rate or 4% + U.S. Treasury
201 Willamette Terrace 02/01/28 02/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
203 79 Worth Street 03/01/28 03/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
205 Plantation Village Shopping Center 01/01/23 01/01/05 Greater of 2.15% + Contract Rate or 2% + U.S. Treasury
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
First
Cut-off Payment
Property Name Property Type Originator Balance (1) Date
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
211 Esplanade Mini-Storage Self Storage G.E. Capital $2,442,371 04/01/98
213 Mabelvale Plaza Shopping Center Retail G.E. Capital $2,400,000 07/01/98
218 Viewmont Estates Mobile Home Park Manufactured Housing G.E. Capital $2,248,614 06/01/98
219 1731, 1741 and 1751 Washington Street Multifamily G.E. Capital $2,200,000 07/01/98
224 White Pines Plaza Retail G.E. Capital $2,115,925 03/01/98
225 North Shore Estates Manufactured Housing G.E. Capital $2,098,711 06/01/98
231 Robarts Mobile Home Park Manufactured Housing G.E. Capital $2,046,984 05/01/98
233 Planters Trace Apartments Multifamily G.E. Capital $1,998,661 06/01/98
247 Ridgewood Apartments Multifamily G.E. Capital $1,900,000 07/01/98
248 Bella Vista Terrace Multifamily G.E. Capital $1,898,826 06/01/98
249 Ramada Limited Hotel Column $1,898,305.21 06/01/98
253 Camelot Apartments Multifamily G.E. Capital $1,808,982 06/01/98
255 Gordon Street Apartments Multifamily G.E. Capital $1,797,346 05/01/98
256 Northgate Apartments Multifamily G.E. Capital $1,795,862 05/01/98
264 Port Orchard Mini Storage Self Storage G.E. Capital $1,648,445 06/01/98
268 Rancho San Diego Town & Country Retail G.E. Capital $1,594,320 02/01/98
271 Oakhill Apartments Multifamily G.E. Capital $1,520,000 07/01/98
273 Autumn Ridge Apartments Multifamily G.E. Capital $1,491,294 02/01/98
274 701 Franklin Center Retail G.E. Capital $1,454,307 02/01/98
276 Meriden East Apartments Multifamily G.E. Capital $1,416,840.10 02/01/98
281 Hood Chalet Mobile Estates Manufactured Housing G.E. Capital $1,398,630 06/01/98
287 Park Place Center Retail G.E. Capital $1,225,099 02/01/98
288 International Self Storage Self Storage G.E. Capital $1,197,443 05/01/98
290 Loc-'N-Stor Self-Storage Self Storage G.E. Capital $1,123,969 06/01/98
$816,885,799
</TABLE>
<TABLE>
<CAPTION>
Maturity
Property Name Date (2) ARD (3) Additional Interest Rate
---------------------------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
211 Esplanade Mini-Storage 03/01/23 03/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
213 Mabelvale Plaza Shopping Center 06/01/23 06/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
218 Viewmont Estates Mobile Home Park 05/01/28 05/01/13 Greater of 2% + Contract Rate or 3.4% + U.S.
Treasury
219 1731, 1741 and 1751 Washington Street 06/01/23 06/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
224 White Pines Plaza 02/01/28 02/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
225 North Shore Estates 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
231 Robarts Mobile Home Park 04/01/28 04/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
233 Planters Trace Apartments 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
247 Ridgewood Apartments 06/01/28 06/01/18 2% + (Greater of Contract Rate or U.S. Treasury)
248 Bella Vista Terrace 04/30/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
249 Ramada Limited 05/01/23 05/01/08 2%
253 Camelot Apartments 05/01/28 05/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
255 Gordon Street Apartments 04/01/28 04/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
256 Northgate Apartments 04/01/23 04/01/08 Greater of 2% + Contract Rate or 3.4% + U.S.
Treasury
264 Port Orchard Mini Storage 05/01/23 05/01/08 Greater of 2% + Contract Rate or 3.8% + U.S.
Treasury
268 Rancho San Diego Town & Country 01/01/28 01/01/10 Greater of 2% + Contract Rate or 4% + U.S.
Treasury
271 Oakhill Apartments 06/01/28 06/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
273 Autumn Ridge Apartments 01/01/23 01/01/03 2% + (Greater of Contract Rate or U.S. Treasury)
274 701 Franklin Center 01/01/23 01/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
276 Meriden East Apartments 01/01/23 01/01/03 2% + (Greater of Contract Rate or U.S. Treasury)
281 Hood Chalet Mobile Estates 05/01/23 05/01/13 Greater of 2% + Contract Rate or 3.4% + U.S.
Treasury
287 Park Place Center 01/01/23 01/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
288 International Self Storage 04/01/23 04/01/08 2% + (Greater of Contract Rate or U.S. Treasury)
290 Loc-'N-Stor Self-Storage 05/01/23 05/01/08 Greater of 2% + Contract Rate or 3.85% + U.S.
Treasury
</TABLE>
(1) Assumes a Cut-off Date of June 1, 1998.
(2) In the case of the Anticipated Repayment Date loans, the Anticipated
Repayment Date is assumed to be the maturity date for the purposes of
the indicated column.
(3) Anticipated Repayment Date.
