COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES SERIES 1998 C1
8-K, 1998-09-24
ASSET-BACKED SECURITIES
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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) September 15, 1998


         TRUST CREATED BY COMMERCIAL MORTGAGE ACCEPTANCE CORPORATION
                     (under a Pooling & Servicing Agreement
                  dated as of August 1, 1998, which Trust is
                the issuer of Commercial Mortgage Pass-Through
                          Certificates, Series 1998-C1)
            (Exact name of Registrant as specified in its Charter)





     New York                     333-51817-01                      36-4243002
(State or Other Jurisdiction      (Commission                 (I.R.S. Employer
of Formation)                      File No.)               Identification No.)

LaSalle National Bank, Trustee, 135 South LaSalle Street
Suite 1625, Chicago, Illinois                                        60647
Attention:  Asset-backed Securities Trust Services                (Zip Code)
            CMAC Series 1998-C1
(Address of principal executive office)

Registrant's telephone number, including area code:   (800) 246-5761


                         The Exhibit Index is on page 2.









                                    Page - 1
<PAGE>

ITEM 5.     OTHER EVENTS

      Attached hereto is a copy of the September 15, 1998, Monthly Remittance
Statement provided to the Certificateholders by the Trustee.


ITEM 7.     FINANCIAL STATEMENTS AND EXHIBITS

    Exhibits

    Monthly Remittance Statement to the Certificateholders dated as of 
    September 15, 1998.

    Loan data fileas of the September 1998 Determination Date.


                                    SIGNATURE


      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.


                             MIDLAND LOAN SERVICES, L.P., not in its individual
                             capacity but solely as a duly authorized  agent of
                             the  Registrant  pursuant  to Section  3.20 of the
                             Pooling & Servicing Agreement dated as of August
                             1, 1998

                             By:   Midland Data  Systems,  Inc.,  its General
                             Partner




                              /s/ Lawrence D. Ashley

                              By: Lawrence D. Ashley
                              Title: Senior Vice President

Date: September 15, 1998


                                  EXHIBIT INDEX

                                                                   Sequential
Document                                                           Page Number

Monthly Remittance Statement to the Certificateholders                   3
dated as of September 15, 1998

Loan data file as of the Spetember 1998 Determination Date.             18

                                    Page - 2

ABN AMRO                                        Statement Date:        09/15/98
LaSalle National Bank                           Payment Date:          09/15/98
Administrator:                                  Prior Payment:         08/15/98
  Harry Paik  (800) 246-5761                    Record Date:           08/31/98
  135 S. LaSalle Street   Suite 1625                                           
  Chicago, IL   60674-4107                      WAC:                0.076734904
                                                WAMM:               172.2430221

                      Commercial Mortgage Acceptance Corp.
                Midland Loan Services, L.P., as Master Servicer
                 Commercial Mortgage Pass-Through Certificates
                                 Series 1998-C1
                          
<TABLE>
                                  Grantor Trust
                           ABN AMRO Acct:67-7982-51-4
<CAPTION>
                          Original             Opening              Principal
Class                    Face Value (1)        Balance               Payment
CUSIP                     Per $1,000          Per $1,000            Per $1,000
<S>                   <C>                  <C>                <C>       
A-1 ...............     277,000,000.00       275,779,938.10               0.00
9ABSB562 ..........       1000.0000000        995.595444404         0.00000000
X .................   1,192,237,748.76N    1,191,017,688.08               0.00
9ABSB563 ..........       1000.0000000        998.976663270         0.00000000
V .................               0.00                 0.00               0.00
9ABSB564 ..........       1000.0000000           0.00000000         0.00000000
- -------------------   ----------------     ----------------   ----------------
TOTAL .............     277,000,000.00       277,000,000.00               0.00
                      ================     ================   ================
<FN>
(1)  N denotes notional balance not included in total
</FN>
</TABLE>


                            Grantor Trust, Continued

                           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     274,574,825.83
9ABSB562 ..........        0.000000000          0.000000000      991.244858592
X .................               0.00                 0.00   1,189,812,577.02
9ABSB563 ..........        0.000000000          0.000000000      997.965865662
V .................               0.00                 0.00               0.00
9ABSB564 ..........        0.000000000          0.000000000        0.000000000
- -------------------   ----------------     ----------------   ----------------
TOTAL .............               0.00                 0.00     277,000,000.00
                      ================     ================   ================

Total P&I Payment           0.00
                            ====

<TABLE>
                            Grantor Trust, Continued
<CAPTION>
                           Interest              Interest         Pass-Through
Class                       Payment             Adjustment           Rate (2)
CUSIP                     Per $1,000            Per $1,000        Next Rate (3)
<S>                   <C>                  <C>                <C>      
A-1 ...............               0.00                 0.00               --
9ABSB562 ..........        0.000000000          0.000000000               --
X .................               0.00                 0.00               --
9ABSB563 ..........        0.000000000          0.000000000               --
V .................               0.00                 0.00               --
9ABSB564 ..........        0.000000000          0.000000000               --
- -------------------   ----------------     ----------------   ----------------
TOTAL .............               0.00                 0.00               --
                      ================     ================   ================
<FN>
(2)  Interest Paid minus Interest Adjustment minus Deferred
     Interest equals Accrual
(3)  Estimated
</FN>
</TABLE>

                                    Page - 3
<PAGE>
<TABLE>
                                   Remic III
                          ABN AMRO Acct: 67-7982-50-6
<CAPTION>
                          Original             Opening              Principal
Class                    Face Value (1)        Balance               Payment
CUSIP                     Per $1,000          Per $1,000            Per $1,000
<S>                   <C>                  <C>                <C>       
A-1 ...............     277,000,000.00       275,779,938.10       1,205,112.27
201728CT7 .........     1000.000000000        995.595444404        4.350585812
A-2 ...............     581,412,000.00       581,412,000.00               0.00
201728CU4 .........     1000.000000000        1000.00000000        0.000000000
X .................   1,192,237,748.76N    1,191,017,688.08               0.00
201728CV2 .........     1000.000000000        998.976663270        0.000000000
B .................      59,611,000.00        59,611,000.00               0.00
201728CW0 .........     1000.000000000        1000.00000000        0.000000000
C .................      59,612,000.00        59,612,000.00               0.00
201728CX8 .........     1000.000000000        1000.00000000        0.000000000
D .................      62,593,000.00        62,593,000.00               0.00
201728CY6 .........     1000.000000000        1000.00000000        0.000000000
E .................      20,862,000.00        20,862,000.00               0.00
201728CZ3 .........     1000.000000000        1000.00000000        0.000000000
F .................      53,650,000.00        53,650,000.00               0.00
201728DA7 .........     1000.000000000        1000.00000000        0.000000000
G .................      11,923,000.00        11,923,000.00               0.00
201728DB5 .........     1000.000000000        1000.00000000        0.000000000
H .................       8,942,000.00         8,942,000.00               0.00
201728DC3 .........     1000.000000000        1000.00000000        0.000000000
J .................      14,905,000.00        14,905,000.00               0.00
201728DD1 .........     1000.000000000        1000.00000000        0.000000000
K .................       8,939,000.00         8,939,000.00               0.00
201728DE9 .........     1000.000000000        1000.00000000        0.000000000
L .................      11,924,000.00        11,924,000.00               0.00
201728DF6 .........     1000.000000000        1000.00000000        0.000000000
M .................       8,940,000.00         8,940,000.00               0.00
201728DG4 .........     1000.000000000        1000.00000000        0.000000000
N .................      11,925,941.00        11,925,941.00               0.00
201728DH2 .........     1000.000000000        1000.00000000        0.000000000
R-III .............               0.00                 0.00               0.00
9ABSB557 ..........     1000.000000000          0.000000000        0.000000000
- -------------------   ----------------     ----------------   ----------------
TOTAL .............   1,192,238,941.00     1,191,018,879.10       1,205,112.27
                      ================     ================   ================
<FN>
(1)  N denotes notional balance not included in total
</FN>
</TABLE>

                                    Page - 4
<PAGE>
                              Remic III, Continued

                           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     274,574,825.83
201728CT7 .........        0.000000000          0.000000000      991.244858592
A-2 ...............               0.00                 0.00     581,412,000.00
201728CU4 .........        0.000000000          0.000000000     1000.000000000
X .................               0.00                 0.00   1,189,812,577.02
201728CV2 .........        0.000000000          0.000000000      997.965865662
B .................               0.00                 0.00      59,611,000.00
201728CW0 .........        0.000000000          0.000000000     1000.000000000
C .................               0.00                 0.00      59,612,000.00
201728CX8 .........        0.000000000          0.000000000     1000.000000000
D .................               0.00                 0.00      62,593,000.00
201728CY6 .........        0.000000000          0.000000000     1000.000000000
E .................               0.00                 0.00      20,862,000.00
201728CZ3 .........        0.000000000          0.000000000     1000.000000000
F .................               0.00                 0.00      53,650,000.00
201728DA7 .........        0.000000000          0.000000000     1000.000000000
G .................               0.00                 0.00      11,923,000.00
201728DB5 .........        0.000000000          0.000000000     1000.000000000
H .................               0.00                 0.00       8,942,000.00
201728DC3 .........        0.000000000          0.000000000     1000.000000000
J .................               0.00                 0.00      14,905,000.00
201728DD1 .........        0.000000000          0.000000000     1000.000000000
K .................               0.00                 0.00       8,939,000.00
201728DE9 .........        0.000000000          0.000000000     1000.000000000
L .................               0.00                 0.00      11,924,000.00
201728DF6 .........        0.000000000          0.000000000     1000.000000000
M .................               0.00                 0.00       8,940,000.00
201728DG4 .........        0.000000000          0.000000000     1000.000000000
N .................               0.00                 0.00      11,925,941.00
201728DH2 .........        0.000000000          0.000000000     1000.000000000
R-III .............               0.00                 0.00               0.00
9ABSB557 ..........               --                   --                 --
- -------------------   ----------------     ----------------   ----------------
TOTAL .............               0.00                 0.00   1,189,813,766.83
                      ================     ================   ================

Total P&I Payment                                                 8,722,748.11
                                                                  ============
                                    Page - 5
<PAGE>
<TABLE>
                              Remic III, Continued
<CAPTION>
                           Interest              Interest         Pass-Through
Class                       Payment             Adjustment           Rate (2)
CUSIP                     Per $1,000            Per $1,000        Next Rate (3)
<S>                   <C>                  <C>                <C>      
A-1 ...............       1,431,757.51                 0.00         6.23000000%
201728CT7 .........        5.168799675          0.000000000              Fixed
A-2 ...............       3,144,469.90                 0.00         6.49000000%
201728CU4 .........        5.408333333          0.000000000              Fixed
X .................       1,094,904.93                 0.00         1.10316241%
201728CV2 .........        0.918361234          0.000000000         0.81311829%
B .................         327,860.50                 0.00         6.60000000%
201728CW0 .........        5.500000000          0.000000000              Fixed
C .................         335,814.27                 0.00         6.76000000%
201728CX8 .........        5.633333389          0.000000000              Fixed
D .................         372,949.96                 0.00         7.15000000%
201728CY6 .........        5.958333360          0.000000000              Fixed
E .................         130,288.82                 0.00         7.49432412%
201728CZ3 .........        6.245269869          0.000000000         7.27528227%
F .................         278,532.92                 0.00         6.23000000%
201728DA7 .........        5.191666729          0.000000000              Fixed
G .................          61,701.53                 0.00         6.21000000%
201728DB5 .........        5.175000419          0.000000000              Fixed
H .................          46,274.85                 0.00         6.21000000%
201728DC3 .........        5.175000000          0.000000000              Fixed
J .................          77,133.38                 0.00         6.21000000%
201728DD1 .........        5.175000335          0.000000000              Fixed
K .................          46,259.33                 0.00         6.21000000%
201728DE9 .........        5.175000559          0.000000000              Fixed
L .................          61,706.70                 0.00         6.21000000%
201728DF6 .........        5.175000000          0.000000000              Fixed
M .................          46,264.50                 0.00         6.21000000%
201728DG4 .........        5.175000000          0.000000000              Fixed
N .................          61,716.74                 0.00         6.21000000%
201728DH2 .........        5.174999608          0.000000000              Fixed
R-III .............               0.00                 0.00
9ABSB557 ..........               --                   --                 --   
- -------------------   ----------------     ----------------   ----------------
TOTAL .............       7,517,635.84                 0.00               0.00
                      ================     ================   ================
<FN>
(2)  Interest Paid minus Interest Adjustment minus Deferred
     Interest equals Accrual
(3)  Estimated
</FN>
</TABLE>

                                    Page - 6
<PAGE>
<TABLE>
                                    Remic II
                          ABN AMRO Acct: 67-7982-50-6
<CAPTION>
                          Original             Opening              Principal
Class                    Face Value (1)        Balance               Payment
CUSIP                     Per $1,000          Per $1,000            Per $1,000
<S>                   <C>                  <C>                <C>       
A-1-II ............     277,000,000.00       275,779,938.10       1,205,112.27
NONE ..............     1000.000000000        995.595444404        4.350585812
A-2-II ............     581,412,000.00       581,412,000.00               0.00
NONE ..............     1000.000000000       1000.000000000        0.000000000
WAC-II ............   1,192,237,748.76N    1,191,017,688.08               0.00
NONE ..............     1000.000000000        998.976663270        0.000000000
B-II ..............      59,611,000.00        59,611,000.00               0.00
NONE ..............     1000.000000000       1000.000000000        0.000000000
C-II ..............      59,612,000.00        59,612,000.00               0.00
NONE ..............     1000.000000000       1000.000000000        0.000000000
D-II ..............      62,593,000.00        62,593,000.00               0.00
NONE ..............     1000.000000000       1000.000000000        0.000000000
E-II ..............      20,862,000.00        20,862,000.00               0.00
NONE ..............     1000.000000000       1000.000000000        0.000000000
F-II ..............      53,650,000.00        53,650,000.00               0.00
NONE ..............     1000.000000000       1000.000000000        0.000000000
G-II ..............      11,923,000.00        11,923,000.00               0.00
NONE ..............     1000.000000000       1000.000000000        0.000000000
H-II ..............       8,942,000.00         8,942,000.00               0.00
NONE ..............     1000.000000000       1000.000000000        0.000000000
J-II ..............      14,905,000.00        14,905,000.00               0.00
NONE ..............     1000.000000000       1000.000000000        0.000000000
K-II ..............       8,939,000.00         8,939,000.00               0.00
NONE ..............     1000.000000000       1000.000000000        0.000000000
L-II ..............      11,924,000.00        11,924,000.00               0.00
NONE ..............     1000.000000000       1000.000000000        0.000000000
M-II ..............       8,940,000.00         8,940,000.00               0.00
NONE ..............     1000.000000000       1000.000000000        0.000000000
N-II ..............      11,925,941.00        11,925,941.00               0.00
NONE ..............     1000.000000000       1000.000000000        0.000000000
R-II ..............               0.00                 0.00               0.00
9ABSB559 ..........     1000.000000000          0.000000000        0.000000000
- -------------------   ----------------     ----------------   ----------------
TOTAL .............   1,192,238,941.00     1,191,018,879.10       1,205,112.27
                      ================     ================   ================
<FN>
(1)  N denotes notional balance not included in total
</FN>
</TABLE>

                                    Page - 7
<PAGE>
                               Remic II, Continued

                           Principal            Negative           Closing
Class                     Adj. or Loss        Amortization         Balance
CUSIP                      Per $1,000          Per $1,000         Per $1,000

A-1-II ............               0.00                 0.00     274,574,825.83
NONE ..............        0.000000000          0.000000000      991.244858592
A-2-II ............               0.00                 0.00     581,412,000.00
NONE ..............        0.000000000          0.000000000       1000.0000000
WAC-II ............               0.00                 0.00   1,189,812,577.02
NONE ..............        0.000000000          0.000000000      997.965865662
B-II ..............               0.00                 0.00      59,611,000.00
NONE ..............        0.000000000          0.000000000       1000.0000000
C-II ..............               0.00                 0.00      59,612,000.00
NONE ..............        0.000000000          0.000000000       1000.0000000
D-II ..............               0.00                 0.00      62,593,000.00
NONE ..............        0.000000000          0.000000000       1000.0000000
E-II ..............               0.00                 0.00      20,862,000.00
NONE ..............        0.000000000          0.000000000       1000.0000000
F-II ..............               0.00                 0.00      53,650,000.00
NONE ..............        0.000000000          0.000000000       1000.0000000
G-II ..............               0.00                 0.00      11,923,000.00
NONE ..............        0.000000000          0.000000000       1000.0000000
H-II ..............               0.00                 0.00       8,942,000.00
NONE ..............        0.000000000          0.000000000       1000.0000000
J-II ..............               0.00                 0.00      14,905,000.00
NONE ..............        0.000000000          0.000000000       1000.0000000
K-II ..............               0.00                 0.00       8,939,000.00
NONE ..............        0.000000000          0.000000000       1000.0000000
L-II ..............               0.00                 0.00      11,924,000.00
NONE ..............        0.000000000          0.000000000       1000.0000000
M-II ..............               0.00                 0.00       8,940,000.00
NONE ..............        0.000000000          0.000000000       1000.0000000
N-II ..............               0.00                 0.00      11,925,941.00
NONE ..............        0.000000000          0.000000000       1000.0000000
R-II ..............               0.00                 0.00               0.00
9ABSB559 ..........        0.000000000          0.000000000        0.000000000
- -------------------   ----------------     ----------------   ----------------
TOTAL .............               0.00                 0.00   1,189,813,766.83
                      ================     ================   ================

Total P&I Payment                                                 8,722,748.11
                                                                  ============

                                    Page - 8
<PAGE>
<TABLE>
                               Remic II, Continued
<CAPTION>
                           Interest              Interest         Pass-Through
Class                       Payment             Adjustment           Rate (2)
CUSIP                     Per $1,000            Per $1,000        Next Rate (3)
<S>                   <C>                  <C>                <C>      
A-1-II ............       1,431,757.51                 0.00         6.23000000%
NONE ..............        5.168799675          0.000000000              Fixed
A-2-II ............       3,144,469.90                 0.00         6.49000000%
NONE ..............        5.408333333          0.000000000              Fixed
WAC-II ............       1,094,904.93                 0.00         1.10316241%
NONE ..............        0.918361234          0.000000000         0.81311829%
B-II ..............         327,860.50                 0.00         6.60000000%
NONE ..............        5.500000000          0.000000000              Fixed
C-II ..............         335,814.27                 0.00         6.76000000%
NONE ..............        5.633333389          0.000000000              Fixed
D-II ..............         372,949.96                 0.00         7.15000000%
NONE ..............         5.95833336          0.000000000              Fixed
E-II ..............         130,288.82                 0.00         7.49432412%
NONE ..............        6.245269869          0.000000000         7.27528227%
F-II ..............         278,532.92                 0.00         6.23000000%
NONE ..............        5.191666729          0.000000000              Fixed
G-II ..............          61,701.53                 0.00         6.21000000%
NONE ..............        5.175000419          0.000000000              Fixed
H-II ..............          46,274.85                 0.00         6.21000000%
NONE ..............        5.175000000          0.000000000              Fixed
J-II ..............          77,133.38                 0.00         6.21000000%
NONE ..............        5.175000335          0.000000000              Fixed
K-II ..............          46,259.33                 0.00         6.21000000%
NONE ..............        5.175000559          0.000000000              Fixed
L-II ..............          61,706.70                 0.00         6.21000000%
NONE ..............        5.175000000          0.000000000              Fixed
M-II ..............          46,264.50                 0.00         6.21000000%
NONE ..............        5.175000000          0.000000000              Fixed
N-II ..............          61,716.74                 0.00         6.21000000%
NONE ..............        5.174999608          0.000000000              Fixed
R-II ..............               0.00                 0.00
9ABSB559 ..........        0.000000000                 --                 --   
- -------------------   ----------------     ----------------   ----------------
TOTAL .............       7,517,635.84          0.000000000               --
                      ================     ================   ================
<FN>
(2)  Interest Paid minus Interest Adjustment minus Deferred
     Interest equals Accrual
(3)  Estimated
</FN>
</TABLE>

<TABLE>
                                    REMIC I
<CAPTION>
                          Original             Opening              Principal
Class                    Face Value (1)        Balance               Payment
CUSIP                     Per $1,000          Per $1,000            Per $1,000
<S>                   <C>                  <C>                <C>       
REGULAR INTEREST ..   1,192,238,941.00     1,191,018,879.10       1,205,112.27
NONE ..............     1000.000000000        998.976663269        1.010797608
R-I ...............               0.00                 0.00               0.00
9ABSB561 ..........     1000.000000000          0.000000000        0.000000000
- -------------------   ----------------     ----------------   ----------------
TOTAL .............   1,192,238,941.00     1,191,018,879.10       1,205,112.27
                      ================     ================   ================
<FN>
(1)  N denotes notional balance not included in total
</FN>
</TABLE>

                                    Page - 9
<PAGE>
                               REMIC I, Continued

                           Principal            Negative           Closing
Class                     Adj. or Loss        Amortization         Balance
CUSIP                      Per $1,000          Per $1,000         Per $1,000

REGULAR INTEREST ..               0.00                 0.00   1,189,813,766.83
NONE ..............        0.000000000          0.000000000      997.965865661
R-I ...............               0.00                 0.00               0.00
9ABSB561 ..........        0.000000000          0.000000000         0.00000000
- -------------------   ----------------     ----------------   ----------------
TOTAL .............               0.00                 0.00   1,189,813,766.83
                      ================     ================   ================

Total P&I Payment                                                 8,722,748.11
                                                                  ============

<TABLE>
                               REMIC I, Continued
<CAPTION>
                           Interest              Interest         Pass-Through
Class                       Payment             Adjustment           Rate (2)
CUSIP                     Per $1,000            Per $1,000        Next Rate (3)
<S>                   <C>                  <C>                <C>      
REGULAR INTEREST ..       7,517,635.84                 0.00         7.57432412%
NONE ..............        6.305477519          0.000000000         7.35528227%
R-I ...............               0.00                 0.00               --
9ABSB561 ..........        0.000000000          0.000000000               --
- -------------------   ----------------     ----------------   ----------------
TOTAL .............       7,517,635.84                 0.00               --
                      ================     ================   ================
<FN>
(2)  Interest Paid minus Interest Adjustment minus Deferred
     Interest equals Accrual
(3)  Estimated
</FN>
</TABLE>


                           OTHER RELATED INFORMATION

             Distributable                               Beginning     Ending
              Certificate   Prepayment       PPIS        Interest     Interest
Class          Interest      Premiums     Allocation     Shortfall    Shortfall

A-1          1,431,757.51         0.00          0.00           0.00        0.00
A-2          3,144,469.90         0.00          0.00           0.00        0.00
X            1,094,904.93         0.00          0.00           0.00        0.00
B              327,860.50         0.00          0.00           0.00        0.00
C              335,814.27         0.00          0.00           0.00        0.00
D              372,949.96         0.00          0.00           0.00        0.00
E              130,288.82         0.00          0.00           0.00        0.00
F              278,532.92         0.00          0.00           0.00        0.00
G               61,701.53         0.00          0.00           0.00        0.00
H               46,274.85         0.00          0.00           0.00        0.00
J               77,133.38         0.00          0.00           0.00        0.00
K               46,259.33         0.00          0.00           0.00        0.00
L               61,706.70         0.00          0.00           0.00        0.00
M               46,264.50         0.00          0.00           0.00        0.00
N               61,716.74         0.00          0.00           0.00        0.00
             ------------   ----------    ----------     ----------   ---------
TOTAL        7,517,635.84         0.00          0.00           0.00        0.00
             ============   ==========    ==========     ==========   =========

                                    Page - 10
<PAGE>
                      OTHER RELATED INFORMATION, Continued

Servicer Advances                                             0.00

Aggregate Servicing Compensation                         95,049.54

                             SPECIAL SERVICER FEES

   Special                    Workout       Disposition
Servicer Fees                  Fees            Fees

     0.00                       0.00            0.00


                              APPRAISAL REDUCTIONS
                                                    Reduction in
Principal      Appraisal          Principal            P & I
 Balance     Reduction Amt.    Distribution Amt.      Advances

  $0.00          0.00                0.00              $0.00



             Pool Balance                   Delinquency Advances by
    Beginning           Ending             Trustee       Fiscal Agent
 1,191,018,879.42    1,189,813,767.          0.00           0.00


                          ABN AMRO Acct: 67-7982-50-6

Distribution            Delinq 1 Month                Delinq 2 Months
Date                  #           Balance           #            Balance
09/15/98                  2      13,088,361               0            0
/                      0.64%          1.099%           0.00%       0.000%
08/15/98                  0               0               0            0
/                      0.00%          0.000%           0.00%       0.000%


Distribution             Delinq 3+  Months          Foreclosure/Bankruptcy
Date                  #           Balance           #            Balance
09/15/98                  0               0               0            0
/                      0.00%          0.000%           0.00%        0.00%
08/15/98                  0               0               0            0
/                      0.00%          0.000%           0.00%        0.00%

Distribution                 REO                        Modifications
Date                  #           Balance             #          Balance
09/15/98                  0               0               0            0
/                      0.00%          0.000%           0.00%        0.00%
08/15/98                  0               0               0            0
/                      0.00%          0.000%           0.00%        0.00%

Distribution              Prepayments                 Curr Weighted Avg.
Date                  #           Balance             Coupon       Remit
09/15/98                  0               0          7.6735%      7.5743%
/                      0.00%          0.000%           0.00%           0
08/15/98                  0               0          7.6737%      7.5745%
/                      0.00%          0.000%           0.00%           0

                                    Page - 11
<PAGE>
<TABLE>
                             DELINQUENT LOAN DETAIL
<CAPTION>
Disclosure     Paid                          Outstanding    Out. Property               Special
Doc            Thru         Current P&I         P&I          Protection    Advance      Servicer
Control #      Date           Advance        Advances(1)      Advances    Desc. (2)   Transfer Date
<S>          <C>          <C>              <C>                <C>            <C>         <C>
112          08/01/98        30,847.99        30,847.99           0.00        B             --   
241          08/01/98        12,695.34        12,695.34           0.00        B             --   
 25          08/01/98        91,109.38        91,109.38           0.00        B             --   
214          08/01/98        14,046.93        14,046.93           0.00        B             --   
 96          08/01/98        32,629.86        32,629.86           0.00        B             --   
116          08/01/98        28,787.28        28,787.28           0.00        B             --   
173          08/01/98        30,034.36        30,034.36           0.00        B             --   
279          08/01/98         9,011.59         9,011.59           0.00        B             --   
306          08/01/98         7,098.30         7,098.30           0.00        B             --   
146          08/01/98        24,701.68        24,701.68           0.00        B             --   
179          08/01/98        18,020.80        18,020.80           0.00        B             --   
197          08/01/98        17,389.48        17,389.48           0.00        B             --   
136          08/01/98        29,968.83        29,968.83           0.00        B             --   
195          08/01/98        20,263.98        20,263.98           0.00        B             --   
208          07/01/98        18,448.10        36,895.93           0.00        1             --
319          08/01/98        10,447.21        10,447.21           0.00        B             --   
 82          08/01/98        36,514.35        36,514.35           0.00        B             --   
 27          08/01/98        74,300.25        74,300.25           0.00        B             --   
122          08/01/98        25,992.34        25,992.34           0.00        B             --   
 22          08/01/98       103,056.76       103,056.76           0.00        B             --   
125          08/01/98        29,756.57        29,756.57           0.00        B             --   
222          08/01/98        13,039.36        13,039.36           0.00        B             --   
207          08/01/98        14,720.00        14,720.00           0.00        B             --   
 38          08/01/98        62,719.83        62,719.83           0.00        B             --   
198          08/01/98        17,447.08        17,447.08           0.00        B             --   
177          08/01/98        23,299.66        23,299.66           0.00        B             --   
 76          08/01/98        38,708.00        38,708.00           0.00        B             --   
 87          08/01/98        33,643.71        33,643.71           0.00        B             --   
120          08/01/98        25,805.33        25,805.33           0.00        B             --   
129          08/01/98        27,379.58        27,379.58           0.00        B             --   
262          08/01/98        10,238.07        10,238.07           0.00        B             --   
253          08/01/98        10,617.11        10,617.11           0.00        B             --   
296          08/01/98         8,672.45         8,672.45           0.00        B             --   
 62          08/01/98        48,164.71        48,164.71           0.00        B             --   
218          08/01/98        16,360.39        16,360.39           0.00        B             --   
310          08/01/98         6,859.87         6,859.87           0.00        B             --   
 29          07/01/98        80,884.47       161,768.25           0.00        1             --
251          08/01/98        17,765.50        17,765.50           0.00        B             --   
 69          08/01/98        45,329.49        45,329.49           0.00        B             --   
- ---        ----------     ------------     ------------     ----------       --       ----------
Total             --      1,166,775.99     1,266,107.60           0.00       --             --   
           ==========     ============     ============     ==========       ==       ==========
<FN>
(1)  Outstanding P&I Advances include the current period P&I Advance
(2)  Advance Description:                               
     A.  P&I Advance - Loan in Grace Period            
     B.  P&I Advance - Late Payment but less 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        
     4.  Matured Balloon/Assumed Scheduled Payment
</FN>
</TABLE>

                                   Page - 12
<PAGE>
                        DELINQUENT LOAN DETAIL, Continued

Disclosure
Doc         Foreclosure       Bankruptcy             REO
Control #      Date              Date                Date

112              --                  --                  --
241              --                  --                  --
 25              --                  --                  --
214              --                  --                  --
 96              --                  --                  --
116              --                  --                  --
173              --                  --                  --
279              --                  --                  --
306              --                  --                  --
146              --                  --                  --
179              --                  --                  --
197              --                  --                  --
136              --                  --                  --
195              --                  --                  --
208              --                  --                  --
319              --                  --                  --
 82              --                  --                  --
 27              --                  --                  --
122              --                  --                  --
 22              --                  --                  --
125              --                  --                  --
222              --                  --                  --
207              --                  --                  --
 38              --                  --                  --
198              --                  --                  --
177              --                  --                  --
 76              --                  --                  --
 87              --                  --                  --
120              --                  --                  --
129              --                  --                  --
262              --                  --                  --
253              --                  --                  --
296              --                  --                  --
 62              --                  --                  --
218              --                  --                  --
310              --                  --                  --
 29              --                  --                  --
251              --                  --                  --
 69              --                  --                  --


                       DISTRIBUTION OF PRINCIPAL BALANCES


Current Scheduled                   Number        Scheduled        Based on 
Balances                           of Loans        Balance          Balance 

$0 to $1,000,000 ..............         20          16,819,635         1.41%
$1,000,000 to $2,000,000 ......         90         131,398,933        11.04%
$2,000,000 to $3,000,000 ......         71         175,748,574        14.77%
$3,000,000 to $4,000,000 ......         36         124,546,414        10.47%
$4,000,000 to $5,000,000 ......         30         135,260,279        11.37%
$5,000,000 to $6,000,000 ......         15          82,100,401         6.90%
$6,000,000 to $7,000,000 ......         13          85,343,429         7.17%
$7,000,000 to $8,000,000 ......         10          76,170,687         6.40%
$8,000,000 to $9,000,000 ......          5          42,065,988         3.54%
$9,000,000 to $10,000,000 .....          4          38,335,416         3.22%
$10,000,000 to $11,000,000 ....          6          62,854,130         5.28%
$11,000,000 to $12,000,000 ....          5          56,188,013         4.72%
$12,000,000 to $13,000,000 ....          1          12,722,170         1.07%
$13,000,000 to $14,000,000 ....          3          40,111,926         3.37%
$14,000,000 to $15,000,000 ....          1          14,927,475         1.25%
$15,000,000 to $20,000,000 ....          2          33,005,614         2.77%
$20,000,000 to $22,000,000 ....          1          20,328,326         1.71%
$22,000,000 to $24,000,000 ....          0                   0         0.00%
$24,000,000 to $25,000,000 ....          0                   0         0.00%
$25,000,000 & Above ...........          1          41,886,360         3.52%
- -------------------------------        ---       -------------       ------
Total .........................        314       1,189,813,767       100.00%
                                       ===       =============       ======

Average Scheduled Balance is        3,789,216
Maximum  Scheduled Balance is      41,886,360
Minimum  Scheduled Balance is         536,638

                                   Page - 13
<PAGE>
                         DISTRIBUTION OF PROPERTY TYPES

                                   Number        Scheduled        Based on 
Property Types                    of Loans        Balance          Balance 
                              
Retail ........................         93         375,832,698        31.59%
Multifamily ...................        104         346,822,789        29.15%
Office ........................         36         144,235,625        12.12%
Lodging .......................         26         106,005,848         8.91%
Industrial ....................         25          84,222,288         7.08%
Mixed Use .....................          2          55,335,844         4.65%
Mobile Home ...................         15          36,204,141         3.04%
Self Storage ..................          9          24,136,317         2.03%
Other .........................          2          10,291,707         0.86%
Health Care ...................          2           6,726,511         0.57%
                                       ---       -------------       ------
Total .........................        314       1,189,813,767       100.00%
                                       ===       =============       ======

                            GEOGRAPHIC DISTRIBUTION

                                    Number        Scheduled        Based on 
Geographic Location                of Loans        Balance          Balance 
                               
California ....................         50         272,265,181        22.88%
Pennsylvania ..................         15          88,301,251         7.42%
New Jersey ....................         13          65,454,325         5.50%
North Carolina ................         12          57,171,878         4.81%
Florida .......................         15          50,994,993         4.29%
Illinois ......................         12          50,137,082         4.21%
Texas .........................         19          49,565,649         4.17%
Massachusetts .................          9          42,460,378         3.57%
Ohio ..........................         19          42,414,165         3.56%
Georgia .......................         13          40,198,749         3.38%
Arizona .......................         12          34,640,895         2.91%
Washington ....................          7          32,432,082         2.73%
Various .......................          4          26,977,556         2.27%
Colorado ......................         10          26,831,644         2.26%
Oregon ........................         10          25,977,254         2.18%
New York ......................          6          24,977,074         2.10%
Kentucky ......................          5          23,634,297         1.99%
Louisiana .....................         10          22,244,311         1.87%
Missouri ......................         11          21,963,176         1.85%
Indiana .......................          3          21,412,561         1.80%
Oklahoma ......................          6          20,443,616         1.72%
Nevada ........................          4          17,664,862         1.48%
Maryland ......................          7          16,433,814         1.38%
Michigan ......................          7          15,652,881         1.32%
West Virginia .................          2          14,334,068         1.20%
New Hampshire .................          3          13,075,736         1.10%
Mississippi ...................          3          10,734,716         0.90%
Tennessee .....................          2           9,273,465         0.78%
Virginia ......................          3           6,894,850         0.58%
Iowa ..........................          3           6,244,590         0.52%
Other .........................         19          39,006,667         3.28%
                                       ---       -------------       ------
Total .........................        314       1,189,813,767       100.00%
                                       ===       =============       ======

                    DISTRIBUTION OF MORTGAGE INTEREST RATES

Current Mortgage                   Number        Scheduled        Based on 
Interest Rate                     of Loans        Balance          Balance 
                              
0.0675 or less ................          2           7,085,014         0.60%
0.0675 to 0.0725 ..............        117         486,434,870        40.88%
0.0725 to 0.0775 ..............        117         421,237,269        35.40%
0.0775 to 0.0825 ..............         58         185,689,986        15.61%
0.0825 to 0.0875 ..............         16          65,038,644         5.47%
0.0875 to 0.0925 ..............          2          13,035,533         1.10%
0.0925 to 0.0975 ..............          0                   0         0.00%
0.0975 to 0.1025 ..............          2          11,292,452         0.95%
0.1025 to 0.1075 ..............          0                   0         0.00%
0.1075 to 0.1125 ..............          0                   0         0.00%
0.1125 to 0.1175 ..............          0                   0         0.00%
0.1175 to 0.1225 ..............          0                   0         0.00%
0.1225 to 0.1275 ..............          0                   0         0.00%
0.1275 to 0.1325 ..............          0                   0         0.00%
0.1325 & Above ................          0                   0         0.00%
- -------------------------------        ---       -------------       ------
Total .........................        314       1,189,813,767       100.00%
                                       ===       =============       ======

W/Avg  Mortgage Interest Rate is        7.4538%
Mninmum Mortgage Interest Rate is       6.6400%
Maximum Mortgage Interest Rate is       10.2500%

                                   Page - 14
<PAGE>
                                 LOAN SEASONING

                                    Number        Scheduled        Based on 
Number of Years                    of Loans        Balance          Balance 
                               
1 year or less ................        314       1,189,813,767       100.00%
1+ to 2 years .................          0                   0         0.00%
2+ to 3 years .................          0                   0         0.00%
3+ to 4 years .................          0                   0         0.00%
4+ to 5 years .................          0                   0         0.00%
5+ to 6 years .................          0                   0         0.00%
6+ to 7 years .................          0                   0         0.00%
7+ to 8 years .................          0                   0         0.00%
8+ to 9 years .................          0                   0         0.00%
9+ to 10 years ................          0                   0         0.00%
10 years or more ..............          0                   0         0.00%
- -------------------------------        ---       -------------       ------
Total .........................        314       1,189,813,767       100.00%
                                       ===       =============       ======

Weighted Average Seasoning is   0.2


                         DISTRIBUTION OF REMAINING TERM
                                FULLY AMORTIZING

Fully Amortizing                    Number        Scheduled        Based on 
Mortgage Loans                     of Loans        Balance          Balance 
                               
60 months or less .............          0                   0         0.00%
61 to 120 months ..............          3           5,079,307         0.43%
121 to 180 months .............          5          30,789,200         2.59%
181 to 240 months .............         27          71,954,715         6.05%
241 to 360 months .............          2          20,044,497         1.68%
- -------------------------------        ---       -------------       ------
                                        37         127,867,719        10.75%
                                       ===       =============       ======

Weighted Average Months to Maturity          214
                               

<TABLE>
                              DISTRIBUTION OF DSCR
<CAPTION>
Debt Service                        Number        Scheduled        Based on 
Coverage Ratio (1)                 of Loans        Balance          Balance 
<S>                                   <C>        <C>                  <C>
0.5 or less ...................          0                   0         0.00%
0.5001 to 0.625 ...............          0                   0         0.00%
0.6251 to 0.75 ................          1          10,163,290         0.85%
0.7501 to 0.875 ...............          0                   0         0.00%
0.8751 to 1 ...................          3          20,790,999         1.75%
1.0001 to 1.125 ...............          1           4,378,123         0.37%
1.1251 to 1.25 ................          3          12,232,427         1.03%
1.2501 to 1.375 ...............          7          17,553,306         1.48%
1.3751 to 1.5 .................         13          50,359,298         4.23%
1.5001 to 1.625 ...............         14          44,366,302         3.73%
1.6251 to 1.75 ................         10          33,480,550         2.81%
1.7501 to 1.875 ...............          2           4,713,626         0.40%
1.8751 to 2 ...................          2           4,031,389         0.34%
2.0001 to 2.125 ...............          2          12,915,692         1.09%
2.1251 & above ................          6          18,472,920         1.55%
Unknown .......................        250         956,355,844        80.38%
                                       ---       -------------       ------
Total .........................        314       1,189,813,767       100.00%
                                       ===       =============       ======
<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.  Neither the Trustee, Servicer, Special
     Servicer or Underwriter makes any representation as to the accuracy of the
     data provided by the borrower for this calculation.
</FN>
</TABLE>

Weighted Average Debt Service Coverage Ratio        1.517

                                   Page - 15
<PAGE>
                       DISTRIBUTION OF AMORTIZATION TYPE

                                    Number        Scheduled        Based on
Amortization Type                  of Loans        Balance          Balance

Fully Amortizing ..............         37         127,867,719        10.75%
Interest Only / Balloon .......        277       1,061,946,049        89.25%
                                       ---       -------------       ------
Total .........................        314       1,189,813,767       100.00%
                                       ===       =============       ======

                         DISTRIBUTION OF REMAINING TERM
                                 BALLOON LOANS

Balloon                             Number         Scheduled        Based on
Mortgage Loans                     of Loans         Balance          Balance

12 months or less .............          0                   0         0.00%
13 to 24 months ...............          0                   0         0.00%
25 to 36 months ...............          2           2,394,412         0.20%
37 to 48 months ...............          3          24,603,925         2.07%
49 to 60 months ...............          1           3,117,625         0.26%
61 to 120 months ..............        197         675,444,007        56.77%
121 to 180 months .............         20         101,994,086         8.57%
181 to 240 months .............         54         254,391,995        21.38%
- -------------------------------        ---       -------------       ------
                                       277       1,061,946,049        89.25%
                                       ===       =============       ======

Weighted Average Months to Maturity is          167

                                   NOI AGING

                                   Number         Scheduled        Based on 
NOI Date                          of Loans         Balance          Balance 
                              
1 year or less ................          0                   0         0.00%
1 to 2 years ..................          0                   0         0.00%
2 Years or More ...............          0                   0         0.00%
Unknown .......................        314       1,189,813,767       100.00%
                                       ---       -------------       ------
Total .........................        314       1,189,813,767       100.00%
                                       ===       =============       ======

<TABLE>
                         SPECIALLY SERVICED LOAN DETAIL
<CAPTION>
                Beginning                                        Specially
Disclosure      Scheduled   Interest   Maturity  Property        Serviced
Control #        Balance      Rate      Date       Type       Status Code (1)
<S>            <C>          <C>       <C>         <C>          <C>           
                                                      

<FN>
(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
</FN>
</TABLE>

                    SPECIALLY SERVICED LOAN DETAIL, Continued

Disclosure      
Control #       Comments



                                   Page - 16
<PAGE>
                              MODIFIED LOAN DETAIL

Disclosure       Modification      Modification
Control #        Date              Description


                              REALIZED LOSS DETAIL

Dist.            Disclosure        Appraisal          Appraisal
Date             Control #         Date               Value


Current Total
Cumulative

                         REALIZED LOSS DETAIL, Continued

                 Beginning                            Gross Proceeds
Disclosure       Scheduled         Gross              as a % of
Control #        Balance           Proceeds           Sched Principal


Current Total
Cumulative


<TABLE>
                         REALIZED LOSS DETAIL, Continued
<CAPTION>
                  Aggregate        Net       Net Proceeds
Disclosure       Liquidation   Liquidation     as a % of      Realized
Control #        Expenses (1)    Proceeds    Sched. Balance     Loss
<S>              <C>           <C>            <C>             <C>


Current Total
Cumulative   
<FN>
(1)  Aggregate Liquidation expenses also include outstanding P & I advances and unpaid
     servicing fees, unpaid trustee fees, etc.
</FN>
</TABLE>

                                   Page - 17
<PAGE>

                 MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
                  LOAN PORTFOLIO ANALYSIS SYSTEM - LOAN STATUS
                 PORTFOLIO: COMMERCIAL MTGE ACCEPT CORP 1998 C1
                          REPORTING PERIOD: SEPTEMBER,
                            DATE PRINTED: 17-SEP-98
<TABLE>
<CAPTION>
            CURRENT
ASSET      PRINCIPAL       DAYS                          ENVIRON
NO          BALANCE       DELINQ         LTV     DSCR    ISSUES      ASSET STATUS                  RESOLUTION TYPE
<S>      <C>               <C>         <C>      <C>      <C>         <C>                           <C>
001         41,886,360       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
002         20,328,326       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
003         10,372,218       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
004          4,735,350       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
005          4,390,064       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
006          4,044,778       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
007          3,255,553       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
008          2,885,604       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
009          2,565,626       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
010          2,762,288       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
011         17,906,777       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
012         15,098,837       0           N/A     0.93     N/A        PERFORMING                    PERFORM TO MATURITY
013         14,927,475       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
014         11,087,408       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
015          3,246,660       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
016          3,715,174       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
017          3,359,466       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
018          2,519,023       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
019          2,495,637       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
020          2,074,964       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
021         13,449,485       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
022         13,375,319       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
023         13,311,473       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
024         12,722,170       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
025         11,913,861       8          59.6%    1.83     N/A        PERFORMING                    PERFORM TO MATURITY
026         11,072,965       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
027         11,073,369       8           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
028         11,058,029       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
029         11,002,184      39           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
030         10,817,453       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
031         10,459,866       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
032         10,163,290       0          76.4%    0.74     N/A        PERFORMING                    PERFORM TO MATURITY
033         10,059,929       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
034          9,978,998       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
035          7,498,604       0          79.6%    1.42     N/A        PERFORMING                    PERFORM TO MATURITY
036          2,446,494       0          48.9%    2.26     N/A        PERFORMING                    PERFORM TO MATURITY
037          9,742,554       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
038, 039,    9,472,020       8           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
041          9,148,023       0           N/A     1.72     N/A        PERFORMING                    PERFORM TO MATURITY
042          8,761,565       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
043          8,549,935       0           N/A     1.49     N/A        PERFORMING                    PERFORM TO MATURITY
044          5,763,109       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
045          2,776,680       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
046          8,356,909       0          79.6%    1.14     N/A        PERFORMING                    PERFORM TO MATURITY
047          8,217,000       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
048          8,180,579       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
049          7,961,140       0           N/A     2.06     N/A        PERFORMING                    PERFORM TO MATURITY
050          7,956,907       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
051, 052,    7,936,387       0          65.6%    1.64     N/A        PERFORMING                    PERFORM TO MATURITY
055          7,721,250       0           N/A     1.59     N/A        PERFORMING                    PERFORM TO MATURITY
056          7,650,043       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
057          7,622,492       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
058          7,347,948       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
059          7,306,579       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
060          7,169,339       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
061          6,971,777       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
062          6,948,197       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
063          6,876,595       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
064          6,785,793       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
065          6,728,828       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
066, 067,    6,649,588       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
069          6,628,321       8           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
070          6,478,569       0          73.1%    1.28     N/A        PERFORMING                    PERFORM TO MATURITY
071          6,417,279       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
</TABLE>
                                    Page 18
<PAGE>
<TABLE>
<CAPTION>
            CURRENT
ASSET      PRINCIPAL       DAYS                          ENVIRON
NO          BALANCE       DELINQ         LTV     DSCR    ISSUES      ASSET STATUS                  RESOLUTION TYPE
<S>      <C>               <C>         <C>      <C>      <C>         <C>                           <C>
072          6,381,078       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
073          6,220,121       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
074          6,147,047       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
075          6,121,795       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
076          5,977,896       0           N/A     1.68     N/A        PERFORMING                    PERFORM TO MATURITY
077          5,769,445       0           N/A     1.15     N/A        PERFORMING                    PERFORM TO MATURITY
078          5,653,257       0           N/A     1.59     N/A        PERFORMING                    PERFORM TO MATURITY
079          5,573,282       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
080          5,533,585       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
081          5,491,312       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
082          5,455,817       8           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
083          5,392,652       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
084          5,383,802       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
085          5,385,586       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
086          5,350,086       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
087          5,195,788       0           N/A     1.53     N/A        PERFORMING                    PERFORM TO MATURITY
088          5,155,810       0           N/A     1.56     N/A        PERFORMING                    PERFORM TO MATURITY
089          5,030,009       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
090          4,993,028       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
091          4,989,445       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
092          4,961,525       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
093          4,954,553       0           N/A     2.05     N/A        PERFORMING                    PERFORM TO MATURITY
094          4,945,660       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
095          4,859,105       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
096          4,806,838       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
097          4,786,836       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
098          4,675,379       0           N/A     2.14     N/A        PERFORMING                    PERFORM TO MATURITY
099          4,622,696       0          72.8%    1.12     N/A        PERFORMING                    PERFORM TO MATURITY
100          4,620,672       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
101          4,581,496       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
102          4,572,787       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
103          2,690,795       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
104          1,793,863       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
105          4,473,054       0          79.9%    1.43     N/A        PERFORMING                    PERFORM TO MATURITY
106          4,384,415       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
107          4,376,390       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
108          4,378,123       0           N/A     1.10     N/A        PERFORMING                    PERFORM TO MATURITY
109          4,362,372       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
110          4,327,805       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
111          4,247,178       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
112          4,278,567       8           N/A     1.46     N/A        PERFORMING                    PERFORM TO MATURITY
113          4,214,670       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
114          4,185,218       0           N/A     2.25     N/A        PERFORMING                    PERFORM TO MATURITY
115          4,182,977       0           N/A     1.48     N/A        PERFORMING                    PERFORM TO MATURITY
116          4,169,916       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
117          4,073,851       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
118          4,072,939       0          74.6%    1.48     N/A        PERFORMING                    PERFORM TO MATURITY
119          3,989,030       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
120          3,985,264       0           N/A     1.49     N/A        PERFORMING                    PERFORM TO MATURITY
121          3,964,092       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
122          3,928,715       8           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
123          3,816,583       0           N/A     1.45     N/A        PERFORMING                    PERFORM TO MATURITY
124          3,809,748       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
125          3,774,654       8           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
126          3,622,954       0           N/A     1.77     N/A        PERFORMING                    PERFORM TO MATURITY
127          3,624,322       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
128          3,590,905       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
129          3,586,126       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
130          3,568,417       0           N/A     1.62     N/A        PERFORMING                    PERFORM TO MATURITY
131          3,567,965       0           N/A     1.42     N/A        PERFORMING                    PERFORM TO MATURITY
132          3,556,435       0           N/A     1.42     N/A        PERFORMING                    PERFORM TO MATURITY
133          3,507,035       0           N/A     1.60     N/A        PERFORMING                    PERFORM TO MATURITY
134          3,480,458       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
135          3,470,102       0           N/A     1.72     N/A        PERFORMING                    PERFORM TO MATURITY
136          3,436,215       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
137          3,293,851       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
138          3,286,397       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
139          3,282,963       0           N/A     2.15     N/A        PERFORMING                    PERFORM TO MATURITY
140          3,259,329       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
141          3,260,685       0           N/A     1.40     N/A        PERFORMING                    PERFORM TO MATURITY
142          3,239,257       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
143          3,211,667       0           N/A     1.00     N/A        PERFORMING                    PERFORM TO MATURITY
144          3,195,962       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
</TABLE>
                                    Page 19
<PAGE>
<TABLE>
<CAPTION>
            CURRENT
ASSET      PRINCIPAL       DAYS                          ENVIRON
NO          BALANCE       DELINQ         LTV     DSCR    ISSUES      ASSET STATUS                  RESOLUTION TYPE
<S>      <C>               <C>         <C>      <C>      <C>         <C>                           <C>
145          3,184,885       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
146          3,171,581       8           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
147          3,117,625       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
148          3,090,328       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
149          3,083,174       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
150          3,033,946       0           N/A     1.37     N/A        PERFORMING                    PERFORM TO MATURITY
151          2,994,054       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
152          2,989,508       0          41.0%    2.72     N/A        PERFORMING                    PERFORM TO MATURITY
153          2,989,764       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
154          2,983,685       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
155          2,954,846       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
156, 157     2,925,741       0          71.4%    1.37     N/A        PERFORMING                    PERFORM TO MATURITY
158          2,876,009       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
159          2,884,676       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
160          2,793,103       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
161          2,790,792       0          77.5%    1.18     N/A        PERFORMING                    PERFORM TO MATURITY
162          2,783,613       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
163          2,776,724       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
164          2,671,147       0          73.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
165          2,664,033       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
166          2,663,315       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
167          2,641,263       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
168          2,611,455       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
169          2,584,332       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
170          2,568,940       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
171          2,561,792       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
172          2,566,532       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
173          2,540,425       8           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
174          2,541,373       0           N/A     1.51     N/A        PERFORMING                    PERFORM TO MATURITY
175          2,540,384       0           N/A     1.04     N/A        PERFORMING                    PERFORM TO MATURITY
176          2,525,898       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
177          2,510,339       0           N/A     1.93     N/A        PERFORMING                    PERFORM TO MATURITY
178          2,510,174       0          76.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
179          2,507,125       8           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
180          2,494,335       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
181          2,480,494       0           N/A     1.00     N/A        PERFORMING                    PERFORM TO MATURITY
182          2,409,514       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
183          2,426,687       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
184          2,422,504       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
185          2,391,542       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
186          2,389,963       0          67.9%    1.74     N/A        PERFORMING                    PERFORM TO MATURITY
187          2,342,668       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
188          2,337,250       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
189          2,334,753       0          68.7%    0.57     N/A        PERFORMING                    PERFORM TO MATURITY
190          2,331,185       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
191          2,331,088       0           N/A     1.46     N/A        PERFORMING                    PERFORM TO MATURITY
192          2,308,736       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
193          2,290,615       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
194          2,290,155       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
195          2,282,436       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
196          2,281,299       0           N/A     1.65     N/A        PERFORMING                    PERFORM TO MATURITY
197          2,265,755       8           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
198          2,262,538       8           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
199          2,232,776       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
200          2,230,190       0           N/A     1.61     N/A        PERFORMING                    PERFORM TO MATURITY
201          2,194,927       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
202          2,183,071       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
203          2,165,524       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
204          2,144,429       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
205          2,151,291       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
206          2,123,352       0           N/A     1.67     N/A        PERFORMING                    PERFORM TO MATURITY
207          2,114,498       8           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
208          2,114,967      39           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
209          2,091,986       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
210          2,087,635       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
211          2,078,330       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
212          1,349,172       0          75.8%    1.69     N/A        PERFORMING                    PERFORM TO MATURITY
213            677,567       0          67.8%    1.33     N/A        PERFORMING                    PERFORM TO MATURITY
214          2,023,639       8          68.8%    1.47     N/A        PERFORMING                    PERFORM TO MATURITY
215          2,015,512       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
216          1,999,553       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
217          1,993,794       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
218          1,990,375       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
</TABLE>
                                    Page 20
<PAGE>
<TABLE>
<CAPTION>
            CURRENT
ASSET      PRINCIPAL       DAYS                          ENVIRON
NO          BALANCE       DELINQ         LTV     DSCR    ISSUES      ASSET STATUS                  RESOLUTION TYPE
<S>      <C>               <C>         <C>      <C>      <C>         <C>                           <C>
219          1,989,432       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
220          1,988,436       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
221          1,920,819       0          62.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
222          1,923,559       8           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
223          1,886,917       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
224          1,870,034       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
225          1,854,530       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
226          1,842,472       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
227          1,841,391       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
228          1,833,239       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
229          1,824,019       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
230          1,819,526       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
231          1,243,267       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
232            547,037       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
233          1,789,948       0          60.7%    1.31     N/A        PERFORMING                    PERFORM TO MATURITY
234          1,785,687       0           N/A     1.72     N/A        PERFORMING                    PERFORM TO MATURITY
235          1,738,270       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
236          1,739,168       0           N/A     1.78     N/A        PERFORMING                    PERFORM TO MATURITY
237          1,732,647       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
238          1,730,664       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
239          1,689,056       0          78.6%    1.64     N/A        PERFORMING                    PERFORM TO MATURITY
240          1,659,715       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
241          1,661,440       8           N/A     1.33     N/A        PERFORMING                    PERFORM TO MATURITY
242          1,633,523       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
243          1,629,497       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
244          1,599,766       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
245          1,591,398       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
246          1,590,578       0           N/A     1.36     N/A        PERFORMING                    PERFORM TO MATURITY
247          1,571,811       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
248          1,546,633       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
249          1,543,159       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
250          1,528,320       0          69.5%    1.99     N/A        PERFORMING                    PERFORM TO MATURITY
251          1,491,561       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
252          1,494,914       0          70.5%    1.28     N/A        PERFORMING                    PERFORM TO MATURITY
253          1,495,113       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
254          1,491,560       0           N/A     1.27     N/A        PERFORMING                    PERFORM TO MATURITY
255          1,488,637       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
256          1,468,089       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
257          1,466,794       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
258          1,446,378       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
259          1,437,431       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
260          1,431,133       0           N/A     1.51     N/A        PERFORMING                    PERFORM TO MATURITY
261          1,433,836       0          84.3%    1.45     N/A        PERFORMING                    PERFORM TO MATURITY
262          1,428,180       0           N/A     1.46     N/A        PERFORMING                    PERFORM TO MATURITY
263          1,411,995       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
264          1,395,336       0          73.4%    1.43     N/A        PERFORMING                    PERFORM TO MATURITY
265          1,392,914       0           N/A     1.42     N/A        PERFORMING                    PERFORM TO MATURITY
266          1,351,991       0           N/A     1.35     N/A        PERFORMING                    PERFORM TO MATURITY
267          1,346,298       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
268          1,344,219       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
269          1,307,509       0          74.7%    1.70     N/A        PERFORMING                    PERFORM TO MATURITY
270          1,301,113       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
271          1,296,201       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
272          1,292,671       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
273          1,292,265       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
274          1,289,330       0           N/A     1.62     N/A        PERFORMING                    PERFORM TO MATURITY
275          1,288,806       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
276          1,274,839       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
277          1,274,099       0          79.6%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
278          1,263,633       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
279          1,247,973       8          54.3%    2.20     N/A        PERFORMING                    PERFORM TO MATURITY
280          1,246,869       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
281          1,244,615       0          68.2%    1.56     N/A        PERFORMING                    PERFORM TO MATURITY
282          1,238,748       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
283          1,218,508       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
284          1,206,682       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
285          1,199,144       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
286          1,195,268       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
287          1,197,393       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
288          1,197,393       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
289          1,195,919       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
290          1,192,926       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
291          1,192,184       0           N/A     1.56     N/A        PERFORMING                    PERFORM TO MATURITY
</TABLE>
                                    Page 21
<PAGE>
<TABLE>
<CAPTION>
            CURRENT
ASSET      PRINCIPAL       DAYS                          ENVIRON
NO          BALANCE       DELINQ         LTV     DSCR    ISSUES      ASSET STATUS                  RESOLUTION TYPE
<S>      <C>               <C>         <C>      <C>      <C>         <C>                           <C>
292          1,189,375       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
293          1,190,119       0           N/A     2.04     N/A        PERFORMING                    PERFORM TO MATURITY
294          1,167,873       0          73.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
295          1,129,622       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
296          1,128,490       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
297          1,097,244       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
298          1,090,672       0          64.2%    1.66     N/A        PERFORMING                    PERFORM TO MATURITY
299          1,084,726       0           N/A     1.16     N/A        PERFORMING                    PERFORM TO MATURITY
300          1,046,975       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
301          1,034,719       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
302          1,024,143       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
303          1,022,774       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
304          1,015,960       0           N/A     1.57     N/A        PERFORMING                    PERFORM TO MATURITY
305            994,897       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
306            994,502       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
307            991,762       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
308            991,149       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
309            970,732       0           N/A     1.53     N/A        PERFORMING                    PERFORM TO MATURITY
310            931,165       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
311            913,844       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
312            894,011       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
313            894,396       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
314            894,396       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
315            893,359       0           N/A     4.10     N/A        PERFORMING                    PERFORM TO MATURITY
316            892,455       0           N/A     2.09     N/A        PERFORMING                    PERFORM TO MATURITY
317            877,587       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
318            764,665       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
319            725,960       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
320            727,519       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
321            713,447       0           N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
322            536,638       0           N/A     1.51     N/A        PERFORMING                    PERFORM TO MATURITY
- --       -------------     ---        ------     ----     ---        -------------------------     ------------------------------
TOTAL    1,190,006,419
         =============
</TABLE>
                                    Page 22
<PAGE>
                 MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
                  LOAN PORTFOLIO ANALYSIS SYSTEM - LOAN TERMS
                 PORTFOLIO: COMMERCIAL MTGE ACCEPT CORP 1998 C1
                          REPORTING PERIOD: SEPTEMBER,
                            DATE PRINTED: 17-SEP-98
<TABLE>
<CAPTION>
                                                          REMAIN
            CURRENT           ORIG                         LOAN                  INT
ASSET      PRINCIPAL          NOTE         LOAN AMORT     TERM IN     INT        RATE
NO          BALANCE           DATE           DATE         MONTHS      RATE       TYPE       PAYMENT
<S>       <C>                <C>            <C>            <C>      <C>           <C>       <C>
001        41,886,360        4/9/98         5/1/28         356        7.020%      A          279,991
002        20,328,326        9/28/71        10/1/11        157        8.750%      F          232,485
003        10,372,218        12/15/78       1/1/14         157        9.000%      F          104,294
004         4,735,350        12/29/97       1/1/18         112        7.870%      F           39,762
005         4,390,064        12/29/97       1/1/18         112        7.870%      F           36,862
006         4,044,778        12/29/97       1/1/18         112        7.870%      F           33,963
007         3,255,553        12/29/97       1/1/18         112        7.870%      F           27,336
008         2,885,604        12/29/97       1/1/18         112        7.870%      F           24,230
009         2,565,626        12/29/97       1/1/14         112        7.870%      F           24,034
010         2,762,288        12/29/97       1/1/18         112        7.870%      F           23,194
011        17,906,777        4/10/98        5/1/28         356        7.440%      A          124,772
012        15,098,837        2/17/98        3/1/23         294        7.770%      F          115,010
013        14,927,475        4/1/98         4/1/28         115        7.250%      F          102,173
014        11,087,408        2/23/82        7/1/28         118        7.390%      F           76,777
015         3,246,660        6/19/98        7/1/28         118        7.390%      F           22,482
016         3,715,174        1/23/98        2/1/18         113        7.850%      F           31,100
017         3,359,466        1/23/98        2/1/18         113        7.850%      F           28,122
018         2,519,023        1/22/98        2/1/18         113        7.850%      F           21,092
019         2,495,637        2/12/98        3/1/18         114        7.850%      F           20,844
020         2,074,964        1/23/98        2/1/18         113        7.850%      F           17,370
021        13,449,485        12/22/97       1/1/28         172        7.390%      F           93,552
022        13,375,319        2/27/98        3/1/18         114        6.910%      F          103,937
023        13,311,473        5/13/98        6/1/28          45        6.900%      F           87,857
024        12,722,170        5/15/98        6/1/28         117        6.820%      F           83,290
025        11,913,861        12/30/97       1/1/23         292        7.910%      A           91,904
026        11,072,965        4/22/98        5/1/28         116        7.400%      F           76,854
027        11,073,369        4/7/98         5/1/28         356        7.100%      A           74,568
028        11,058,029        2/6/98         3/1/28         114        7.400%      F           76,854
029        11,002,184        4/9/98         5/1/23         140        7.520%      F           81,617
030        10,817,453        5/26/98        6/1/23         117        7.540%      F           80,463
031        10,459,866        2/25/98        3/1/28         114        7.360%      F           72,414
032        10,163,290        2/20/98        3/1/28         174        7.580%      F           71,879
033        10,059,929        1/14/98        2/1/28         353        7.010%      A           67,363
034         9,978,998        5/26/98        6/1/28         117        6.970%      F           66,329
035         7,498,604        3/5/98         4/1/23         295        7.160%      A           54,063
036         2,446,494        3/5/98         4/1/23         295        7.160%      A           17,639
037         9,742,554        12/16/97       1/1/28         112        7.180%      F           66,389
038, 039,   9,472,020        3/2/98         4/1/28         115        6.960%      F           62,949
041         9,148,023        1/1/92         1/1/02          40       10.250%      A                0
042         8,761,565        9/18/97        10/1/27        229        8.300%      F           66,610
043         8,549,935        12/8/97        1/1/28         352        7.210%      A           58,434
044         5,763,109        6/2/98         7/1/28         118        7.160%      F           39,010
045         2,776,680        6/2/98         7/1/28         118        7.160%      F           18,795
046         8,356,909        1/22/98        2/1/28          77        7.280%      F           57,474
047         8,217,000        2/23/98        3/1/28         114        7.190%      F           55,944
048         8,180,579        5/22/98        6/1/28         357        7.220%      A           55,772
049         7,961,140        3/17/98        4/1/23         115        7.790%      F           60,637
050         7,956,907        3/4/98         4/1/23         115        7.260%      F           57,876
051, 052,   7,936,387        1/20/98        2/1/23         113        7.330%      F           58,238
055         7,721,250        2/25/98        3/2/28         138        7.470%      F           54,030
056         7,650,043        2/10/98        3/1/23         114        7.190%      F           55,359
057         7,622,492        3/16/98        4/1/28         115        6.960%      F           50,690
058         7,347,948        8/14/97        9/1/17         228        7.900%      F           62,267
059         7,306,579        2/24/98        3/1/28         114        7.180%      F           49,697
060         7,169,339        2/24/98        3/1/28         114        6.950%      F           47,660
061         6,971,777        2/6/98         3/2/28         114        7.160%      F           47,326
062         6,948,197        1/27/98        2/1/23         113        6.940%      F           49,207
063         6,876,595        3/18/98        4/1/28         355        7.190%      A           46,790
064         6,785,793        5/27/98        6/1/28         117        6.990%      F           45,195
065         6,728,828        3/2/98         4/1/28         115        7.490%      F           47,151
066, 067,   6,649,588        5/20/98        6/1/28         117        7.200%      F           45,226
069         6,628,321        2/24/98        3/1/28         354        7.340%      A           45,771
070         6,478,569        3/2/98         4/1/28         115        7.300%      F           44,562
071         6,417,279        12/31/97       2/1/28         113        7.330%      F           44,351
</TABLE>
                                    Page 23
<PAGE>
<TABLE>
<CAPTION>
                                                          REMAIN
            CURRENT           ORIG                         LOAN                  INT
ASSET      PRINCIPAL          NOTE         LOAN AMORT     TERM IN     INT        RATE
NO          BALANCE           DATE           DATE         MONTHS      RATE       TYPE       PAYMENT
<S>       <C>                <C>            <C>            <C>      <C>           <C>       <C>
072         6,381,078        3/20/98        4/1/28         115        7.710%      F           45,674
073         6,220,121        3/24/98        4/1/23         115        7.870%      F           47,702
074         6,147,047        12/18/97       1/1/23         112        7.600%      F           46,222
075         6,121,795        2/3/98         3/1/23         114        7.420%      F           45,202
076         5,977,896        2/4/98         3/1/28         114        6.860%      F           39,356
077         5,769,445        1/2/98         2/1/28         353        7.160%      A           39,213
078         5,653,257        1/20/98        2/1/23         293        7.150%      A           40,833
079         5,573,282        3/7/98         4/1/23         115        7.880%      F           42,777
080         5,533,585        1/30/98        2/1/18         233        7.890%      F           46,458
081         5,491,312        2/17/98        3/1/18         234        7.220%      F           43,765
082         5,455,817        2/26/98        3/1/28         114        7.060%      F           36,646
083         5,392,652        3/2/98         3/1/18         234        7.550%      F           44,072
084         5,383,802        5/26/98        6/1/23         117        7.540%      F           40,046
085         5,385,586        4/28/98        5/1/28         116        7.070%      F           36,181
086         5,350,086        7/31/97        8/1/27         107        7.910%      F           39,285
087         5,195,788        2/4/98         3/1/28         114        6.860%      F           34,207
088         5,155,810        1/27/98        2/1/23         113        6.940%      F           36,554
089         5,030,009        5/28/98        6/1/28         117        7.190%      F           34,177
090         4,993,028        6/15/98        7/1/28         178        6.640%      F           32,065
091         4,989,445        5/14/98        6/1/28         117        6.950%      F           33,097
092         4,961,525        1/27/98        2/1/23         113        7.520%      F           37,015
093         4,954,553        12/29/97       1/1/23         172        7.250%      F           36,140
094         4,945,660        9/9/97         10/1/22        289        8.600%      F           40,599
095         4,859,105        2/4/98         3/1/28         234        7.510%      F           34,134
096         4,806,838        3/12/98        4/1/28         115        7.270%      F           32,946
097         4,786,836        4/20/98        5/1/28         176        6.970%      F           31,838
098         4,675,379        12/10/97       1/1/28         352        7.660%      A           33,380
099         4,622,696        11/10/97       12/1/27        111        7.590%      F           32,801
100         4,620,672        2/3/98         3/1/28         114        6.840%      F           30,380
101         4,581,496        4/3/98         5/1/23         116        7.440%      F           33,814
102         4,572,787        12/18/97       1/1/28         112        7.140%      F           31,038
103         2,690,795        3/24/98        4/1/28         355        7.170%      A           18,272
104         1,793,863        3/20/98        4/1/28         355        7.170%      A           12,182
105         4,473,054        11/25/97       12/1/27        171        7.510%      F           31,495
106         4,384,415        3/12/98        4/1/28         139        7.020%      F           29,332
107         4,376,390        3/18/98        4/1/23         115        7.280%      F           31,889
108         4,378,123        1/7/98         2/1/28         353        7.420%      A           30,525
109         4,362,372        3/17/98        4/1/18         175        7.470%      F           35,365
110         4,327,805        12/30/97       1/1/28         172        7.770%      F           31,224
111         4,247,178        12/30/97       1/1/10         136        7.430%      F           46,264
112         4,278,567        11/17/97       12/1/27        351        7.860%      A           31,133
113         4,214,670        1/12/98        2/1/23         113        7.070%      F           30,228
114         4,185,218        2/19/98        3/1/28         354        7.660%      A           29,829
115         4,182,977        2/4/98         3/1/28         354        7.140%      A           28,339
116         4,169,916        2/17/98        3/1/28         114        7.430%      F           29,062
117         4,073,851        1/23/98        6/1/24         309        7.860%      A           30,764
118         4,072,939        2/12/98        3/1/28         114        7.030%      F           27,293
119         3,989,030        4/20/98        5/1/28         116        6.970%      F           26,532
120         3,985,264        2/4/98         3/1/28         114        6.860%      F           26,237
121         3,964,092        3/13/98        4/1/18         234        7.120%      F           31,301
122         3,928,715        4/7/98         5/1/28         356        6.960%      A           26,087
123         3,816,583        12/30/97       1/1/23         292        7.510%      A           28,476
124         3,809,748        4/29/98        5/1/28         116        7.050%      F           25,543
125         3,774,654        12/31/97       1/1/23         112        8.320%      F           30,139
126         3,622,954        2/12/98        3/1/18         234        7.530%      F           29,552
127         3,624,322        3/2/98         4/1/28         115        6.930%      F           24,030
128         3,590,905        4/2/98         5/1/28         116        7.270%      F           24,607
129         3,586,126        3/26/98        4/1/23         115        7.930%      F           27,619
130         3,568,417        12/19/97       1/1/23         292        7.450%      A           26,487
131         3,567,965        12/29/97       1/1/23         232        7.370%      F           26,300
132         3,556,435        3/30/98        4/1/23         115        7.450%      F           26,303
133         3,507,035        11/7/97        12/1/27        351        7.760%      A           25,314
134         3,480,458        12/30/97       1/1/28         112        7.390%      F           24,209
135         3,470,102        12/24/97       1/1/23         112        8.050%      F           27,130
136         3,436,215        10/31/96       11/1/16        218        8.150%      F           30,195
137         3,293,851        5/6/98         6/1/28         117        7.420%      F           22,894
138         3,286,397        4/7/98         5/1/23         116        7.320%      F           24,002
139         3,282,963        3/23/98        4/1/23         115        7.480%      F           24,344
140         3,259,329        11/15/93       12/1/14        195        8.625%      F           32,052
141         3,260,685        12/19/97       1/1/28         352        7.160%      A           22,176
142         3,239,257        3/5/98         4/1/28         115        7.290%      F           22,259
143         3,211,667        1/14/98        2/1/23         293        6.770%      A           22,426
144         3,195,962        6/2/98         7/1/28         117        6.980%      F           21,247
</TABLE>
                                    Page 24
<PAGE>
<TABLE>

<CAPTION>
                                                          REMAIN
            CURRENT           ORIG                         LOAN                  INT
ASSET      PRINCIPAL          NOTE         LOAN AMORT     TERM IN     INT        RATE
NO          BALANCE           DATE           DATE         MONTHS      RATE       TYPE       PAYMENT
<S>       <C>                <C>            <C>            <C>      <C>           <C>       <C>

145         3,184,885        3/4/98         4/1/23         115        7.930%      F           24,550
146         3,171,581        10/9/97        11/1/22        109        8.100%      F           24,910
147         3,117,625        4/27/98        5/1/28          56        7.510%      F           21,872
148         3,090,328        2/25/98        3/1/28         114        7.510%      F           21,697
149         3,083,174        3/20/98        4/1/23         115        7.220%      F           22,347
150         3,033,946        12/23/97       1/1/28         352        7.640%      A           21,619
151         2,994,054        3/29/96        4/1/21          91        7.750%      F           23,416
152         2,989,508        3/2/98         4/1/28         115        7.070%      F           20,100
153         2,989,764        2/11/98        3/1/28         174        7.770%      F           21,534
154         2,983,685        3/27/98        4/1/23         115        7.210%      F           21,607
155         2,954,846        12/30/97       1/1/28         172        7.770%      F           21,319
156, 157    2,925,741        2/1/98         3/1/23         114        7.420%      F           21,603
158         2,876,009        1/30/98        2/1/08         113        6.920%      F           34,709
159         2,884,676        3/4/98         4/1/23         295        7.360%      A           21,167
160         2,793,103        4/1/98         5/1/28         116        7.360%      F           19,310
161         2,790,792        2/27/98        4/1/28         115        7.310%      F           19,215
162         2,783,613        6/2/98         3/1/23         174        7.710%      F           21,076
163         2,776,724        1/29/98        2/1/23         113        7.070%      F           19,915
164         2,671,147        2/17/98        3/1/18          78        8.450%      F           23,303
165         2,664,033        1/30/98        2/1/18         233        7.220%      F           21,291
166         2,663,315        6/25/97        7/1/22         106        8.780%      F           22,253
167         2,641,263        3/19/98        4/1/28         115        7.300%      F           18,168
168         2,611,455        1/23/97        2/1/17         101        8.375%      F           23,218
169         2,584,332        10/17/97       11/1/27        110        7.990%      F           19,060
170         2,568,940        6/4/97         7/1/22         106        8.720%      F           21,323
171         2,561,792        5/15/98        6/1/18         117        7.370%      F           20,540
172         2,566,532        3/30/98        4/1/28         115        7.310%      F           17,671
173         2,540,425        3/20/98        4/1/08         115        7.010%      F           30,202
174         2,541,373        1/16/98        2/1/23         293        7.840%      A           19,488
175         2,540,384        2/25/98        3/1/28         354        7.410%      A           17,673
176         2,525,898        1/30/98        2/1/18         233        7.220%      F           20,187
177         2,510,339        3/17/98        4/1/13         175        7.590%      F           23,676
178         2,510,174        11/3/97        11/1/27        111        7.590%      F           17,811
179         2,507,125        1/30/98        2/1/23         113        7.210%      F           18,186
180         2,494,335        4/17/98        5/1/28         115        7.650%      F           17,738
181         2,480,494        1/6/98         2/1/23         173        7.440%      F           18,377
182         2,409,514        10/26/93       11/1/08        122        8.500%      F           29,542
183         2,426,687        2/9/98         3/1/28         114        6.790%      F           15,874
184         2,422,504        1/5/98         2/1/18         113        8.310%      F           20,968
185         2,391,542        3/23/98        4/1/28         115        7.040%      F           16,032
186         2,389,963        2/5/98         3/1/28         114        7.020%      F           16,000
187         2,342,668        3/4/98         4/1/28         115        7.510%      F           16,448
188         2,337,250        2/12/98        3/1/18         114        7.870%      F           19,549
189         2,334,753        2/20/98        3/1/23         294        7.190%      A           16,895
190         2,331,185        1/29/98        2/1/23         113        7.290%      F           17,047
191         2,331,088        1/27/98        2/1/23         113        7.260%      F           17,001
192         2,308,736        11/22/95       12/1/20         87        8.000%      F           18,524
193         2,290,615        4/8/98         5/1/23         116        7.370%      F           16,803
194         2,290,155        2/25/98        3/1/28         114        6.930%      F           15,194
195         2,282,436        10/31/96       7/1/16         214        8.290%      F           20,414
196         2,281,299        1/6/98         2/1/23          89        7.200%      F           16,551
197         2,265,755        1/5/98         2/1/23         113        7.960%      F           17,539
198         2,262,538        3/13/98        5/1/18         235        6.900%      F           17,502
199         2,232,776        1/29/98        2/1/23         113        7.550%      F           16,701
200         2,230,190        12/2/97        1/1/23         292        7.430%      A           16,525
201         2,194,927        4/17/98        5/1/28         116        7.590%      F           15,519
202         2,183,071        8/1/97         8/1/17         227        8.730%      F           19,678
203         2,165,524        3/5/98         4/1/28         235        7.240%      F           14,808
204         2,144,429        1/16/92        2/1/12          42       10.250%      F           24,541
205         2,151,291        2/27/98        3/1/28         114        7.160%      F           14,603
206         2,123,352        1/15/98        2/1/18         233        7.550%      F           17,386
207         2,114,498        12/26/97       1/1/28         112        7.440%      F           14,771
208         2,114,967        2/27/97        3/1/17         222        8.290%      F           18,587
209         2,091,986        3/4/98         4/1/28         115        6.720%      F           13,579
210         2,087,635        2/19/98        3/1/23         114        7.680%      F           15,766
211         2,078,330        9/8/97         10/1/22        109        8.250%      F           16,557
212         1,349,172        2/12/98        3/1/23         114        7.180%      F            9,755
213           677,567        2/12/98        3/1/23         114        7.180%      F            4,899
214         2,023,639        2/18/98        3/1/28         114        7.490%      F           14,180
215         2,015,512        3/24/98        4/1/23         115        7.970%      F           15,589
216         1,999,553        9/16/97        10/1/22        109        8.350%      F           16,062
217         1,993,794        5/28/98        6/1/23         117        7.370%      F           14,611
218         1,990,375        4/20/98        5/1/18         236        7.810%      F           16,493
</TABLE>
                                    Page 25
<PAGE>
<TABLE>
<CAPTION>
                                                          REMAIN
            CURRENT           ORIG                         LOAN                  INT
ASSET      PRINCIPAL          NOTE         LOAN AMORT     TERM IN     INT        RATE
NO          BALANCE           DATE           DATE         MONTHS      RATE       TYPE       PAYMENT
<S>       <C>                <C>            <C>            <C>      <C>           <C>       <C>
219         1,989,432        3/12/98        4/1/23         115        7.360%      F           14,598
220         1,988,436        2/6/98         3/1/23         175        7.770%      F           15,133
221         1,920,819        6/12/98        7/1/23         118        6.810%      F           13,373
222         1,923,559        2/13/98        3/1/28         114        7.250%      F           13,166
223         1,886,917        2/12/98        3/1/23         174        6.880%      F           13,284
224         1,870,034        12/19/97       1/1/28         112        7.610%      F           13,287
225         1,854,530        3/13/98        5/1/18         235        6.950%      F           14,427
226         1,842,472        2/6/98         3/1/28         114        7.125%      F           12,464
227         1,841,391        12/31/97       1/1/28          76        7.280%      F           12,672
228         1,833,239        12/22/97       1/1/23         112        7.680%      F           13,889
229         1,824,019        11/7/97        12/1/22        111        8.080%      F           14,299
230         1,819,526        3/26/98        4/1/18         235        7.570%      F           14,861
231         1,243,267        3/31/98        4/1/23         115        7.260%      F            9,043
232           547,037        3/31/98        4/1/23         115        7.260%      F            3,979
233         1,789,948        3/11/98        4/1/23         295        7.070%      A           12,803
234         1,785,687        1/26/98        2/1/23         113        7.330%      F           13,103
235         1,738,270        4/20/98        6/1/18         237        7.460%      F           14,055
236         1,739,168        2/11/98        3/2/23         114        7.430%      F           12,853
237         1,732,647        2/18/98        3/1/28         234        6.980%      F           11,553
238         1,730,664        12/22/97       1/1/20         112        7.510%      F           13,565
239         1,689,056        2/24/98        3/1/23         114        7.230%      F           12,266
240         1,659,715        10/1/97        10/1/17        229        7.850%      F           14,003
241         1,661,440        11/25/97       12/1/22        291        7.890%      A           12,806
242         1,633,523        11/12/97       12/1/22        111        7.830%      F           12,550
243         1,629,497        1/9/98         2/1/18         233        7.530%      F           13,323
244         1,599,766        1/9/98         2/1/18         233        7.490%      F           13,041
245         1,591,398        3/24/98        4/1/23         115        7.270%      F           11,586
246         1,590,578        12/19/97       1/1/28         352        7.160%      A           10,817
247         1,571,811        3/30/98        4/1/23         115        7.460%      F           11,635
248         1,546,633        6/12/98        7/1/23         118        6.810%      F           10,768
249         1,543,159        2/9/98         3/1/28         114        6.810%      F           10,115
250         1,528,320        3/6/98         4/1/18         115        8.310%      F           13,180
251         1,491,561        2/26/98        3/1/08         114        7.210%      F           17,989
252         1,494,914        1/21/98        2/1/23         113        7.280%      F           10,922
253         1,495,113        4/9/98         5/1/23         116        7.120%      F           10,717
254         1,491,560        3/3/98         4/1/23         295        7.030%      A           10,630
255         1,488,637        1/12/98        2/1/23         293        7.610%      F           11,192
256         1,468,089        3/24/98        4/1/23         115        7.970%      F           11,355
257         1,466,794        3/2/98         4/1/23         115        7.090%      F           10,510
258         1,446,378        4/30/98        5/1/28         116        7.310%      F            9,951
259         1,437,431        11/17/97       12/1/22        111        8.090%      F           11,278
260         1,431,133        1/20/98        2/1/18         233        7.170%      F           11,390
261         1,433,836        2/6/98         3/1/28         354        6.930%      A            9,513
262         1,428,180        2/26/98        3/2/23         114        7.200%      F           10,333
263         1,411,995        3/26/98        4/1/23         115        7.020%      F           10,054
264         1,395,336        3/12/98        4/1/28         355        7.260%      A            9,560
265         1,392,914        1/12/98        2/1/28         113        7.340%      F            9,636
266         1,351,991        12/18/97       1/1/28         352        7.160%      A            9,195
267         1,346,298        4/20/98        5/1/28         116        6.970%      F            8,954
268         1,344,219        4/20/98        5/1/23         116        7.130%      F            9,654
269         1,307,509        12/31/97       1/1/23         112        7.020%      F            9,346
270         1,301,113        2/26/98        3/1/13         174        7.230%      F           12,081
271         1,296,201        5/15/98        6/1/23         117        7.670%      F            9,751
272         1,292,671        3/26/98        1/1/23         115        7.020%      F            9,205
273         1,292,265        12/3/97        1/1/28         112        7.600%      F            9,179
274         1,289,330        12/9/97        1/1/23         292        7.820%      A            9,879
275         1,288,806        12/24/97       1/1/23         112        8.000%      F           10,034
276         1,274,839        2/2/98         3/1/28         114        7.160%      F            8,654
277         1,274,099        3/5/98         4/1/23         115        8.050%      F            9,922
278         1,263,633        3/13/98        4/1/18         234        7.170%      F           10,016
279         1,247,973        4/29/98        5/1/28         116        7.910%      F            9,094
280         1,246,869        4/14/98        5/1/28         236        7.300%      F            8,570
281         1,244,615        4/15/98        5/1/23         116        7.100%      F            8,915
282         1,238,748        3/25/98        4/1/18         234        7.100%      F            9,766
283         1,218,508        12/15/97       1/1/28         232        8.180%      F            9,143
284         1,206,682        4/20/98        5/1/28         116        6.970%      F            8,026
285         1,199,144        1/13/94        2/1/14          30        8.000%      F           11,292
286         1,195,268        1/13/94        2/1/14          30        7.750%      F           11,083
287         1,197,393        6/12/98        7/1/23         118        6.810%      F            8,336
288         1,197,393        6/12/98        7/1/23         118        6.810%      F            8,336
289         1,195,919        3/12/98        4/1/28         115        7.180%      F            8,129
290         1,192,926        4/28/98        5/1/18         116        8.320%      F           10,278
291         1,192,184        2/3/98         3/1/23         294        7.170%      A            8,612
</TABLE>
                                    Page 26
<PAGE>
<TABLE>
                                                                                                                        REMAIN
<CAPTION>
                                                          REMAIN
            CURRENT           ORIG                         LOAN                  INT
ASSET      PRINCIPAL          NOTE         LOAN AMORT     TERM IN     INT        RATE
NO          BALANCE           DATE           DATE         MONTHS      RATE       TYPE       PAYMENT
<S>       <C>                <C>            <C>            <C>      <C>           <C>       <C>
292           1,189,375      3/13/98        4/1/18         234        7.220%      F            9,463
293           1,190,119      1/16/98        2/1/23         113        7.420%      F            8,806
294           1,167,873      5/5/98         6/1/28         118        7.510%      F            8,189
295           1,129,622      12/19/97       1/1/23         112        7.650%      F            8,536
296           1,128,490      1/21/98        2/1/19         113        7.280%      F            8,842
297           1,097,244      4/14/98        5/1/28         236        7.300%      F            7,541
298           1,090,672      12/23/97       1/1/23         112        7.640%      F            8,229
299           1,084,726      12/29/97       1/1/18         232        7.640%      F            8,956
300           1,046,975      5/5/98         6/1/23         177        7.740%      F            7,924
301           1,034,719      12/8/97        1/1/28          76        7.790%      F            7,479
302           1,024,143      1/27/98        2/1/28         113        6.810%      F            6,722
303           1,022,774      6/12/98        7/1/23         118        6.810%      F            7,121
304           1,015,960      12/29/97       1/1/18         232        7.780%      F            8,475
305             994,897      3/17/98        4/1/23         115        7.540%      F            7,416
306             994,502      2/19/98        3/1/23         114        7.150%      F            7,164
307             991,762      12/23/97       1/1/23         112        7.800%      F            7,586
308             991,149      12/23/97       1/1/23         112        7.400%      F            7,325
309             970,732      3/5/98         4/1/23         115        8.050%      F            7,596
310             931,165      1/29/98        2/1/23         113        7.490%      F            6,922
311             913,844      2/25/98        3/1/23         114        7.030%      F            6,520
312             894,011      4/20/98        6/1/18         237        7.510%      F            7,256
313             894,396      2/19/98        3/1/23         114        7.400%      F            6,592
314             894,396      2/25/98        3/1/23         114        7.400%      F            6,592
315             893,359      1/16/98        2/1/23         137        7.760%      F            6,804
316             892,455      1/30/98        2/1/23         293        7.020%      A            6,373
317             877,587      4/20/98        5/1/28         116        6.970%      F            5,837
318             764,665      12/22/97       1/1/28         112        7.600%      F            5,428
319             725,960      4/24/96        5/1/06          92        8.000%      F           10,495
320             727,519      12/23/97       1/1/23         112        7.500%      F            5,423
321             713,447      6/12/98        7/1/23         118        6.810%      F            4,967
322             536,638      2/27/98        3/1/23         114        7.400%      F            3,955
- --        -------------      ----------     ----------    ----     --------       ---        -------
TOTAL     1,190,006,419
          =============
</TABLE>
                                    Page 27
<PAGE>
<TABLE>

                 MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
             LOAN PORTFOLIO ANALYSIS SYSTEM - PROPERTY DESCRIPTION
                 PORTFOLIO: COMMERCIAL MTGE ACCEPT CORP 1998 C1
                       REPORTING PERIOD: SEPTEMBER, 1998
                            DATE PRINTED: 17-SEP-98
<CAPTION>
ASSET PROP                                                    YEAR                          PROPERTY    VALUATION    VALUATION
NO     NO  PROPERTY TYPE      CITY            STATE   ZIP     BUILT  UNITS      NET SF        VALUE        DATE       SOURCE
<S>   <C>  <C>                <C>               <C>  <C>      <C>     <C>       <C>        <C>           <C>        <C>
001    1   MIXED USE          PITTSBURGH        PA   15219    N/A     N/A           N/A           N/A    N/A        N/A
002    1   RETAIL             SAN JOSE          CA   95101    N/A     N/A           N/A           N/A    N/A        N/A
003    1   RETAIL             SAN JOSE          CA   95101    N/A     N/A           N/A           N/A    N/A        N/A
004    1   LODGING            BEAVERTON         OR   97006    N/A     N/A           N/A           N/A    N/A        N/A
005    1   LODGING            VANCOUVER         WA   98684    N/A     N/A           N/A           N/A    N/A        N/A
006    1   LODGING            SALEM             OR   97302    N/A     N/A           N/A           N/A    N/A        N/A
007    1   LODGING            LAKE OSWEGO       OR   97034    N/A     N/A           N/A           N/A    N/A        N/A
008    1   LODGING            TIGARD            OR   97223    N/A     N/A           N/A           N/A    N/A        N/A
009    1   LODGING            EUGENE            OR   97403    N/A     N/A           N/A           N/A    N/A        N/A
010    1   LODGING            WILSONVILLE       OR   97070    N/A     N/A           N/A           N/A    N/A        N/A
011    1   RETAIL             SAN DIEGO         CA   92130    N/A     N/A           N/A           N/A    N/A        N/A
012    1   RETAIL             SHREWSBURY        NJ   07702    1970    N/A           N/A           N/A    N/A        N/A
013    1   RETAIL             SCOTTSDALE        AZ   85255    N/A     N/A           N/A           N/A    N/A        N/A
014    1   RETAIL             MOUNT HOPE        WV   25880    N/A     N/A           N/A           N/A    N/A        N/A
015    1   RETAIL             BECKLEY           WV   25700    N/A     N/A           N/A           N/A    N/A        N/A
016    1   LODGING            COLORADO SPRINGS  CO   80906    N/A     N/A           N/A           N/A    N/A        N/A
017    1   LODGING            COLORADO SPRINGS  CO   80906    N/A     N/A           N/A           N/A    N/A        N/A
018    1   LODGING            KANSAS CITY       MO   64153    N/A     N/A           N/A           N/A    N/A        N/A
019    1   LODGING            OLATHE            KS   66062    N/A     N/A           N/A           N/A    N/A        N/A
020    1   LODGING            BRANSON           MO   65616    N/A     N/A           N/A           N/A    N/A        N/A
021    1   RETAIL             RIVERSIDE         CA   92507    N/A     N/A           N/A           N/A    N/A        N/A
022    1   MULTI-FAMILY       CHARLOTTE         NC   28273    1995    420           N/A           N/A    N/A        N/A
023    1   RETAIL             MT LAUREL         NJ   08054    N/A     N/A           N/A           N/A    N/A        N/A
024    1   MULTI-FAMILY       GREENVILLE        NC   27835    1997    360           N/A           N/A    N/A        N/A
025    1   LODGING            INDIANAPOLIS      IN   46268    1985    221           N/A    20,000,000    09/30/97   MAI APPRAISAL
026    1   RETAIL             OXNARD            CA   93030    N/A     N/A           N/A           N/A    N/A        N/A
027    1   OFFICE             SAN FRANCISCO     CA   94103    N/A     N/A           N/A           N/A    N/A        N/A
028    1   MULTI-FAMILY       CARPINTERIA       CA   93013    N/A     N/A           N/A           N/A    N/A        N/A
029    1   OFFICE             TUKWILA           WA   98168    N/A     N/A           N/A           N/A    N/A        N/A
030    1   LODGING            BEDFORD PARK      IL   60638    N/A     N/A           N/A           N/A    N/A        N/A
031    1   OFFICE             MALDEN            MA   02108    N/A     N/A           N/A           N/A    N/A        N/A
032    1   OFFICE             BOSTON            MA   02108    1996    N/A        68,358    13,300,000    11/01/97   MAI APPRAISAL
033    1   MULTI-FAMILY       CONCORD           NH   03301       0    N/A           N/A           N/A    N/A        N/A
034    1   OFFICE             ATLANTA           GA   30328    N/A     N/A           N/A           N/A    N/A        N/A
035    1   OTHER              PHILADELPHIA      PA   19106    1989    N/A       192,322     9,425,000    10/22/97   MAI APPRAISAL
036    1   OFFICE             PENNSAUKEN        NJ   08109    1972    N/A       104,562     5,000,000    10/16/97   MAI APPRAISAL
037    1   RETAIL             SAUGUS            MA   01960    N/A     N/A           N/A           N/A    N/A        N/A
038,   1   MULTI-FAMILY       MORGANTOWN        WV   26505    N/A     N/A           N/A           N/A    N/A        N/A
038,   2   MULTI-FAMILY       MORGANTOWN        WV   26505    N/A     N/A           N/A           N/A    N/A        N/A
038,   3   MULTI-FAMILY       MORGANTOWN        WV   26505    N/A     N/A           N/A           N/A    N/A        N/A
041    1   OTHER              ULSTER            NY   12487    N/A     N/A           N/A           N/A    N/A        N/A
042    1   RETAIL             ST PETERSBURG     FL   33710    N/A     N/A           N/A           N/A    N/A        N/A
042    2   RETAIL             ST PETERSBURG     FL   33710    N/A     N/A           N/A           N/A    N/A        N/A
042    3   RETAIL             ST PETERSBURG     FL   33710    N/A     N/A           N/A           N/A    N/A        N/A
042    4   RETAIL             ST PETERSBURG     FL   33710    N/A     N/A           N/A           N/A    N/A        N/A
042    5   RETAIL             ST PETERSBURG     FL   33710    N/A     N/A           N/A           N/A    N/A        N/A
042    6   RETAIL             ST PETERSBURG     FL   33710    N/A     N/A           N/A           N/A    N/A        N/A
042    7   RETAIL             ST PETERSBURG     FL   33710    N/A     N/A           N/A           N/A    N/A        N/A
042    8   RETAIL             ST PETERSBURG     FL   33710    N/A     N/A           N/A           N/A    N/A        N/A
042    9   RETAIL             ST PETERSBURG     FL   33710    N/A     N/A           N/A           N/A    N/A        N/A
042   10   RETAIL             ST PETERSBURG     FL   33710    N/A     N/A           N/A           N/A    N/A        N/A
042   11   RETAIL             TAMPA             FL   33757    N/A     N/A           N/A           N/A    N/A        N/A
042   12   RETAIL             BRANDENTON        FL   33700    N/A     N/A           N/A           N/A    N/A        N/A
042   13   RETAIL             TAMPA             FL   33757    N/A     N/A           N/A           N/A    N/A        N/A
042   14   RETAIL             TAMPA             FL   33757    N/A     N/A           N/A           N/A    N/A        N/A
043    1   MULTI-FAMILY       FLORENCE          KY   41042    1992    264           N/A           N/A    N/A        N/A
044    1   WAREHOUSE          OLIVE BRANCH      MS   38654    N/A     N/A           N/A           N/A    N/A        N/A
045    1   WAREHOUSE          OLIVE BRANCH      MS   38654    N/A     N/A           N/A           N/A    N/A        N/A
046    1   MULTI-FAMILY       SAN BERNARDINO    CA   92407    1987    254       214,534    10,500,000    10/16/97   MAI APPRAISAL
047    1   WAREHOUSE          FORT WORTH        TX   76118    N/A     N/A           N/A           N/A    N/A        N/A
048    1   OFFICE             HOBOKEN           NJ   07030    N/A     N/A           N/A           N/A    N/A        N/A
049    1   MULTI-FAMILY       LAS VEGAS         NV   89109    N/A     N/A           N/A           N/A    N/A        N/A
050    1   MIXED USE          BERKELEY          CA   94123    N/A     N/A           N/A           N/A    N/A        N/A
051,   1   WAREHOUSE          COPPELL           TX   75019    1987    732        87,080     4,400,000    11/21/97   APPRAISAL
051,   2   WAREHOUSE          ARLINGTON         TX   76012    1985    424        49,630     2,500,000    11/20/97   APPRAISAL
051,   3   WAREHOUSE          MIDLAND           TX   79705    1996    380        48,650     2,100,000    11/23/97   APPRAISAL
051,   4   WAREHOUSE          MIDLAND           TX   79703    1984    621        92,857     3,100,000    11/23/97   APPRAISAL
055    1   OFFICE             SAN DIEGO         CA   92101    N/A     N/A           N/A           N/A    N/A        N/A
</TABLE>
                                    Page 28
<PAGE>
<TABLE>
<CAPTION>
ASSET PROP                                                    YEAR                          PROPERTY    VALUATION    VALUATION
NO     NO  PROPERTY TYPE      CITY            STATE   ZIP     BUILT  UNITS      NET SF        VALUE        DATE       SOURCE
<S>   <C>  <C>                <C>               <C>  <C>      <C>     <C>       <C>        <C>           <C>        <C>
056    1   OFFICE             BARRINTON         IL   60010    N/A     N/A           N/A           N/A    N/A        N/A
057    1   MULTI-FAMILY       SACRAMENTO        CA   95826    N/A     N/A           N/A           N/A    N/A        N/A
058    1   WAREHOUSE          SYOSSET           NY   11791    N/A     N/A           N/A           N/A    N/A        N/A
059    1   MULTI-FAMILY       DAVIS             CA   95616    N/A     N/A           N/A           N/A    N/A        N/A
060    1   MULTI-FAMILY       WILSON            NC   27893    N/A     N/A           N/A           N/A    N/A        N/A
061    1   RETAIL             ASPEN             CO   81611    N/A     N/A           N/A           N/A    N/A        N/A
062    1   MULTI-FAMILY       INDIANAPOLIS      IN   46201    N/A     N/A           N/A           N/A    N/A        N/A
063    1   OFFICE             TAMPA             FL   33619       0    N/A           N/A           N/A    N/A        N/A
064    1   MULTI-FAMILY       SAN JOSE          CA   95121    N/A     N/A           N/A           N/A    N/A        N/A
065    1   RETAIL             POWAY             CA   92064    N/A     N/A           N/A           N/A    N/A        N/A
066,   1   MULTI-FAMILY       ERLANGER          KY   41018    N/A     N/A           N/A           N/A    N/A        N/A
066,   2   MULTI-FAMILY       CINCINNATI        OH   45223    N/A     N/A           N/A           N/A    N/A        N/A
066,   3   MULTI-FAMILY       BURLINGTON        KY   41005    N/A     N/A           N/A           N/A    N/A        N/A
069    1   MULTI-FAMILY       TAMPA             FL   33940    N/A     N/A           N/A           N/A    N/A        N/A
070    1   MANUFACTURED       STOCKTON          CA   95208    1972    N/A       327,600     8,860,000    11/21/97   APPRAISAL
071    1   MULTI-FAMILY       OAKLAND           CA   94606    N/A     N/A           N/A           N/A    N/A        N/A
072    1   RETAIL             RANCHO SANTA FE   CA   92111    N/A     N/A           N/A           N/A    N/A        N/A
073    1   MULTI-FAMILY       LAS VEGAS         NV   89101    N/A     N/A           N/A           N/A    N/A        N/A
074    1   MULTI-FAMILY       ST LOUIS          MO   63125    1965    304       258,560           N/A    N/A        N/A
075    1   LODGING            LIVERMORE         CA   94550    N/A     N/A           N/A           N/A    N/A        N/A
076    1   MULTI-FAMILY       TULSA             OK   74136    N/A     N/A           N/A           N/A    N/A        N/A
077    1   MANUFACTURED       BEACH PARK        IL   60099       0    208           N/A           N/A    N/A        N/A
078    1   OFFICE             LOUISVILLE        KY   40202    1911    N/A       198,000           N/A    N/A        N/A
079    1   LODGING            PALM SPRINGS      CA   92264    N/A     N/A           N/A           N/A    N/A        N/A
080    1   HEALTH CARE        EL CAJON          CA   95217    N/A     N/A           N/A           N/A    N/A        N/A
081    1   RETAIL             WILMINGTON        NC   28405    N/A     N/A           N/A           N/A    N/A        N/A
082    1   RETAIL             LAKE ISABELLA     CA   93240    N/A     N/A           N/A           N/A    N/A        N/A
083    1   LODGING            MILLBRAE          CA   94030    N/A     N/A           N/A           N/A    N/A        N/A
084    1   LODGING            BEDFORD PARK      IL   60638    N/A     N/A           N/A           N/A    N/A        N/A
085    1   MULTI-FAMILY       COLLEGE PARK      GA   30349    N/A     N/A           N/A           N/A    N/A        N/A
086    1   RETAIL             MONROVIA          CA   90071    N/A     N/A           N/A           N/A    N/A        N/A
087    1   MULTI-FAMILY       TULSA             OK   74135    N/A     N/A           N/A           N/A    N/A        N/A
088    1   MULTI-FAMILY       OMAHA             NE   68137    N/A     N/A           N/A           N/A    N/A        N/A
089    1   OFFICE             PEMBROKE PARK     FL   33026    N/A     N/A           N/A           N/A    N/A        N/A
090    1   MULTI-FAMILY       NEW MILFORD       NJ   07646    1997    200           N/A           N/A    N/A        N/A
091    1   MULTI-FAMILY       SANTA BARBARA     CA   93105    N/A     N/A           N/A           N/A    N/A        N/A
092    1   MIXED USE          DALLAS            TX   75228    1955    N/A       132,849           N/A    N/A        N/A
093    1   WAREHOUSE          BELLEVUE          WA   98005    N/A     N/A           N/A           N/A    N/A        N/A
094    1   RETAIL             NASHVILLE         TN   37203    N/A     N/A           N/A           N/A    N/A        N/A
095    1   RETAIL             MADISON HEIGHTS   MI   48071    N/A     N/A           N/A           N/A    N/A        N/A
096    1   MULTI-FAMILY       PONTOON BEACH     IL   62040    1990    128       115,188           N/A    N/A        N/A
097    1   MULTI-FAMILY       BRUNSWICK         OH   44212    N/A     N/A           N/A           N/A    N/A        N/A
098    1   OFFICE             RIVER EDGE        NJ   07661    1987    N/A        70,000           N/A    N/A        N/A
099    1   MULTI-FAMILY       ATLANTA           GA   30345    1971    180       207,900     6,350,000    09/22/97   MAI APPRAISAL
100    1   MULTI-FAMILY       TORRANCE          CA   90505    1963    141           N/A           N/A    N/A        N/A
101    1   LODGING            AUSTIN            TX   78753    N/A     N/A           N/A           N/A    N/A        N/A
102    1   RETAIL             BELLEVUE          WA   98005    N/A     N/A           N/A           N/A    N/A        N/A
103    1   MULTI-FAMILY       HUDSON            FL   34667    N/A     N/A           N/A           N/A    N/A        N/A
104    1   MULTI-FAMILY       PORT RICHEY       FL   34668    N/A     N/A           N/A           N/A    N/A        N/A
105    1   RETAIL             HICKORY           NC   28601    1995      8        56,943     5,600,000    10/21/97   MAI APPRAISAL
106    1   MULTI-FAMILY       LOS ANGELES       CA   90012    N/A     N/A           N/A           N/A    N/A        N/A
107    1   RETAIL             MCMURRAY          PA   15317    N/A     N/A           N/A           N/A    N/A        N/A
108    1   RETAIL             CARAOPOLIS        PA   15108           1989        47,699           N/A    N/A        N/A
109    1   INDUSTRIAL         HOUSTON           TX   77027    N/A     N/A           N/A           N/A    N/A        N/A
110    1   MULTI-FAMILY       MURFREESBORO      TN   37130    N/A     N/A           N/A           N/A    N/A        N/A
111    1   OFFICE             LUBBOCK           TX   79407    N/A     N/A           N/A           N/A    N/A        N/A
112    1   RETAIL             STUART            FL   34996    1975    N/A        78,783           N/A    N/A        N/A
113    1   MULTI-FAMILY       TROTWOOD          OH   45426    N/A     N/A           N/A           N/A    N/A        N/A
114    1   RETAIL             SILVER SPRINGS    MD   20904    1986    N/A        41,028           N/A    N/A        N/A
115    1   HEALTH CARE        MILCREEK          PA   16506    1991     64           N/A           N/A    N/A        N/A
116    1   MULTI-FAMILY       PHILADELPHIA      PA   19151    N/A     N/A           N/A           N/A    N/A        N/A
117    1   RETAIL             YORBA LINDA       CA   92687    N/A     N/A           N/A           N/A    N/A        N/A
118    1   MANUFACTURED       ALMONT            MI   48003    1968    233        59,020     5,460,000    12/31/97   MAI APPRAISAL
119    1   MULTI-FAMILY       BEAVER FALLS      PA   10510    N/A     N/A           N/A           N/A    N/A        N/A
120    1   MULTI-FAMILY       TULSA             OK   74105    N/A     N/A           N/A           N/A    N/A        N/A
121    1   MULTI-FAMILY       ALEXANDRIA        LA   71303    1997    229           N/A           N/A    N/A        N/A
122    1   MULTI-FAMILY       SAN FRANCISCO     CA   94109    N/A     N/A           N/A           N/A    N/A        N/A
123    1   MIXED USE          CARPENTERSVILLE   IL   60110    1988    N/A        80,986           N/A    N/A        N/A
124    1   MULTI-FAMILY       ATLANTA           GA   30309    N/A     N/A           N/A           N/A    N/A        N/A
125    1   LODGING            LOUISVILLE        KY   40220    N/A     N/A           N/A           N/A    N/A        N/A
126    1   RETAIL             DUBUQUE           IA   52002    N/A     N/A           N/A           N/A    N/A        N/A
127    1   MULTI-FAMILY       GLENDORA          CA   91740    N/A     N/A           N/A           N/A    N/A        N/A
128    1   RETAIL             WILMINGTON        NC   28403    N/A     N/A           N/A           N/A    N/A        N/A
129    1   INDUSTRIAL         AVENEL            NJ   07001    N/A     N/A           N/A           N/A    N/A        N/A
</TABLE>
                                    Page 29
<PAGE>
<TABLE>
<CAPTION>
ASSET PROP                                                    YEAR                          PROPERTY    VALUATION    VALUATION
NO     NO  PROPERTY TYPE      CITY            STATE   ZIP     BUILT  UNITS      NET SF        VALUE        DATE       SOURCE
<S>   <C>  <C>                <C>               <C>  <C>      <C>     <C>       <C>        <C>           <C>        <C>
130    1   RETAIL             BALTIMORE         MD   21224           1987        56,109           N/A    N/A        N/A
131    1   MULTI-FAMILY       HUMBLE            TX   77346    N/A     N/A           N/A           N/A    N/A        N/A
132    1   OFFICE             CORNING           NY   14830    N/A     N/A           N/A           N/A    N/A        N/A
133    1   RETAIL             BRUNSWICK         OH   44212    N/A    1975       130,776           N/A    N/A        N/A
134    1   RETAIL             PHILADELPHIA      PA   19114    N/A     N/A           N/A           N/A    N/A        N/A
135    1   OFFICE             CARAOPOLIS        PA   15108    N/A    1978        53,510           N/A    N/A        N/A
136    1   RETAIL             LOUISVILLE        KY   40207    N/A     N/A           N/A           N/A    N/A        N/A
137    1   OFFICE             ATLANTA           GA   30338    1995    N/A        71,063           N/A    N/A        N/A
138    1   RETAIL             GRANDVIEW         MO   64030    N/A     N/A           N/A           N/A    N/A        N/A
139    1   OFFICE             CITY OF INDUSTRY  CA   91745    N/A     N/A           N/A           N/A    N/A        N/A
140    1   RETAIL             WENATCHEE         WA   98801    N/A     N/A           N/A           N/A    N/A        N/A
141    1   MANUFACTURED       DIAMOND           IL   60416    N/A     N/A          1966           N/A    N/A        N/A
142    1   MULTI-FAMILY       LYNNWOOD          WA   98036    N/A     N/A           N/A           N/A    N/A        N/A
143    1   MIXED USE          PHILADELPHIA      PA   19102    1936     58        46,000           N/A    N/A        N/A
144    1   RETAIL             NAPA              CA   94558    N/A     N/A           N/A           N/A    N/A        N/A
145    1   RETAIL             MIAMISBURG        OH   45342    N/A     N/A           N/A           N/A    N/A        N/A
146    1   RETAIL             SAN DIEGO         CA   92111    N/A     N/A           N/A           N/A    N/A        N/A
147    1   RETAIL             PAGE              AZ   86040    N/A     N/A           N/A           N/A    N/A        N/A
148    1   OFFICE             WAYNE             NJ   07470    N/A     N/A           N/A           N/A    N/A        N/A
149    1   MULTI-FAMILY       LANHAM            MD   20737    N/A     N/A           N/A           N/A    N/A        N/A
150    1   RETAIL             KENDALL           FL   33173    N/A    1985        23,864           N/A    N/A        N/A
151    1   INDUSTRIAL         PHOENIX           AZ   85040    N/A     N/A           N/A           N/A    N/A        N/A
152    1   RETAIL             ASPEN             CO   81611    1987    N/A        13,030     7,300,000    01/27/98   MAI APPRAISAL
153    1   MULTI-FAMILY       DELAWARE          OH   43015    N/A     N/A           N/A           N/A    N/A        N/A
154    1   RETAIL             FALL RIVER        MA   02720    N/A     N/A           N/A           N/A    N/A        N/A
155    1   MULTI-FAMILY       MARION            OH   43302    N/A     N/A           N/A           N/A    N/A        N/A
156,   1   RETAIL             SAN ANTONIO       TX   78201    1978    N/A        31,488     2,000,000    01/19/98   MAI APPRAISAL
156,   2   RETAIL             SAN ANTONIO       TX   78201    1978    N/A        29,328     2,100,000    01/19/98   MAI APPRAISAL
158    1   MULTI-FAMILY       PINEVILLE         LA   71360    1979    248           N/A           N/A    N/A        N/A
159    1   MULTI-FAMILY       MANCHESTER        CT   06040    N/A     N/A             0           N/A    N/A        N/A
160    1   OTHER              SAN FRANCISCO     CA   94965    N/A     N/A           N/A           N/A    N/A        N/A
161    1   MULTI-FAMILY       ODESSA            TX   79762    1983    196           N/A     3,600,000    01/19/98   MAI APPRAISAL
162    1   LODGING            ALAMOGORDO        NM   88310    N/A     N/A           N/A           N/A    N/A        N/A
163    1   MULTI-FAMILY       COLUMBUS          OH   43229    N/A     N/A           N/A           N/A    N/A        N/A
164    1   LODGING            CHANDLER          AZ   85226    1995    N/A           N/A     3,650,000    01/08/98   MAI APPRAISAL
165    1   MULTI-FAMILY       SHREVEPORT        LA   71105    1990    129           N/A           N/A    N/A        N/A
166    1   INDUSTRIAL         MELROSE PARK      IL   60160    N/A     N/A           N/A           N/A    N/A        N/A
166    2   RETAIL             MELROSE PARK      IL   60160    N/A     N/A           N/A           N/A    N/A        N/A
167    1   RETAIL             AMELIA            VA   23002    N/A     N/A           N/A           N/A    N/A        N/A
168    1   RETAIL             KISSIMMEE         FL   34741    N/A     N/A           N/A           N/A    N/A        N/A
169    1   RETAIL             SAN JOSE          CA   95113    N/A     N/A           N/A           N/A    N/A        N/A
170    1   RETAIL             INDIANAPOLIS      IN   46268    N/A     N/A           N/A           N/A    N/A        N/A
171    1   RETAIL             BANNER ELK        NC   28604    N/A     N/A           N/A           N/A    N/A        N/A
172    1   RETAIL             TAYLORSVILLE      UT   84118    N/A     N/A           N/A           N/A    N/A        N/A
173    1   MANUFACTURED       LOS ANGELES       CA   90272    N/A     N/A           N/A           N/A    N/A        N/A
174    1   RETAIL             SPRINGDALE        OH   45246    N/A     N/A          1992           N/A    N/A        N/A
175    1   MULTI-FAMILY       MILLCREEK TWNSHP  PA   16506    N/A    1996            50           N/A    N/A        N/A
176    1   MULTI-FAMILY       PINEVILLE         LA   71360    1995    152           N/A           N/A    N/A        N/A
177    1   RETAIL             JAMESTOWN         NY   14701    N/A     N/A           N/A           N/A    N/A        N/A
178    1   MULTI-FAMILY       MARIETTA          GA   30354    1996    104           N/A     3,300,000    09/22/97   MAI APPRAISAL
179    1   RETAIL             ARCATA            CA   95521    N/A     N/A           N/A           N/A    N/A        N/A
180    1   RETAIL             KANNAPOLIS        NC   28081    1989    N/A        47,940           N/A    N/A        N/A
181    1   MULTI-FAMILY       OKLAHOMA CITY     OK   73107    N/A     N/A           N/A           N/A    N/A        N/A
182    1   RETAIL             SHREVEPORT        LA   71101    N/A     N/A           N/A           N/A    N/A        N/A
183    1   MULTI-FAMILY       WOODLAND          CA   95695    N/A     N/A           N/A           N/A    N/A        N/A
184    1   LODGING            DENVER            CO   80216    N/A     N/A           N/A           N/A    N/A        N/A
185    1   RETAIL             FALLBROOK         CA   92028    N/A     N/A           N/A           N/A    N/A        N/A
186    1   WAREHOUSE          REDLANDS          CA   92374    1982    589        65,340     3,520,000    12/17/97   MAI APPRAISAL
187    1   RETAIL             WEST CALDWELL     NJ   07006    N/A     N/A           N/A           N/A    N/A        N/A
188    1   RETAIL             FRESNO            CA   93726    N/A     N/A           N/A           N/A    N/A        N/A
189    1   MANUFACTURED       JACKSON           NJ   08527           1978           160     3,400,000    09/03/97   MAI APPRAISAL
190    1   WAREHOUSE          SPRINGFIELD       VA   22150    N/A     N/A           N/A           N/A    N/A        N/A
191    1   MULTI-FAMILY       OVERLAND PARK     KS   66212    N/A     N/A           N/A           N/A    N/A        N/A
192    1   RETAIL             MELROSE PARK      IL   60160    N/A     N/A           N/A           N/A    N/A        N/A
193    1   MIXED USE          DUXBURY           MA   02332    N/A     N/A           N/A           N/A    N/A        N/A
194    1   MULTI-FAMILY       ATLANTA           GA   30303    N/A     N/A           N/A           N/A    N/A        N/A
195    1   RETAIL             TULSA             OK   74136    N/A     N/A           N/A           N/A    N/A        N/A
196    1   MULTI-FAMILY       HOUSTON           TX   77080    N/A     N/A           N/A           N/A    N/A        N/A
197    1   LODGING            DENVER            CO   80204    N/A     N/A           N/A           N/A    N/A        N/A
198    1   MULTI-FAMILY       ALEXANDRIA        LA   71303    1995    119           N/A           N/A    N/A        N/A
199    1   RETAIL             GREENVILLE        SC   29605    N/A     N/A           N/A           N/A    N/A        N/A
200    1   WAREHOUSE          LOUISVILLE        KY   40216    1986    644        67,575           N/A    N/A        N/A
201    1   RETAIL             NATCHEZ           MS   39120    N/A     N/A           N/A           N/A    N/A        N/A
202    1   RETAIL             HOUSTON           TX   77077    N/A     N/A           N/A           N/A    N/A        N/A
</TABLE>
                                    Page 30
<PAGE>
<TABLE>
<CAPTION>
ASSET PROP                                                    YEAR                          PROPERTY    VALUATION    VALUATION
NO     NO  PROPERTY TYPE      CITY            STATE   ZIP     BUILT  UNITS      NET SF        VALUE        DATE       SOURCE
<S>   <C>  <C>                <C>               <C>  <C>      <C>     <C>       <C>        <C>           <C>        <C>
203    1   RETAIL             LAKELAND          FL   33801    N/A     N/A           N/A           N/A    N/A        N/A
204    1   OFFICE             ENGLEWOOD CLIFFS  NJ   07632    N/A     N/A           N/A           N/A    N/A        N/A
205    1   MULTI-FAMILY       COLORADO SPRINGS  CO   80917    1972    102        55,915           N/A    N/A        N/A
206    1   OFFICE             NASHUA            NH   03060    N/A     N/A           N/A           N/A    N/A        N/A
206    2   RETAIL             NASHUA            NH   03060    N/A     N/A           N/A           N/A    N/A        N/A
206    3   RETAIL             NASHUA            NH   03060    N/A     N/A           N/A           N/A    N/A        N/A
207    1   RETAIL             MILFORD           CT   06460    N/A     N/A           N/A           N/A    N/A        N/A
208    1   RETAIL             AKRON             OH   44310    N/A     N/A           N/A           N/A    N/A        N/A
209    1   MULTI-FAMILY       ORANGE PARK       FL   32073    N/A     N/A           N/A           N/A    N/A        N/A
210    1   MIXED USE          BEVERLY FARMS     MA   01915    N/A     N/A           N/A           N/A    N/A        N/A
211    1   RETAIL             SANTA CLARITA     CA   91380    N/A     N/A           N/A           N/A    N/A        N/A
212    1   MANUFACTURED       WHITEHALL         MI   49451    1956    176       2,144,023   1,780,000    12/30/97   MAI APPRAISAL
213    1   MANUFACTURED       ALBION            MI   49224    1972    N/A           N/A     1,000,000    12/29/97   MAI APPRAISAL
214    1   MANUFACTURED       UPLAND            CA   91786    1979    156           N/A     2,940,000    01/12/98   APPRAISAL
215    1   MULTI-FAMILY       LAS VEGAS         NV   89101    N/A     N/A           N/A           N/A    N/A        N/A
216    1   RETAIL             BAKERSFIELD       CA   93301    N/A     N/A           N/A           N/A    N/A        N/A
217    1   RETAIL             ASHLAND           MA   01721    N/A     N/A           N/A           N/A    N/A        N/A
218    1   LODGING            KANSAS CITY       MO   64153    N/A     N/A           N/A           N/A    N/A        N/A
219    1   OFFICE             WAYNE             MI   48184    N/A     N/A           N/A           N/A    N/A        N/A
220    1   OFFICE             RANCHO DOMINGUEZ  CA   90220    N/A     N/A           N/A           N/A    N/A        N/A
221    1   MULTI-FAMILY       ELYRIA            OH   44035    1978    144       103,368     3,100,000    11/04/97   MAI APPRAISAL
222    1   OFFICE             ROANOKE           VA   24018    N/A     N/A           N/A           N/A    N/A        N/A
223    1   MULTI-FAMILY       ST LOUIS PARK     MN   55430    N/A     N/A           N/A           N/A    N/A        N/A
224    1   OFFICE             PHOENIX           AZ   85148    N/A     N/A           N/A           N/A    N/A        N/A
225    1   MULTI-FAMILY       WEST MONROE       LA   71402    1991    120           N/A           N/A    N/A        N/A
226    1   MULTI-FAMILY       MARINA            CA   93933    N/A     N/A           N/A           N/A    N/A        N/A
227    1   MULTI-FAMILY       PHOENIX           AZ   85023    1984     55        51,425           N/A    N/A        N/A
228    1   INDUSTRIAL         AUSTIN            TX   78721    N/A     N/A           N/A           N/A    N/A        N/A
229    1   OFFICE             LOS GATOS         CA   95032    N/A     N/A           N/A           N/A    N/A        N/A
230    1   RETAIL             CHATHAM           NJ   07928    N/A     N/A           N/A           N/A    N/A        N/A
231    1   MANUFACTURED       CANON CITY        CO   81212    N/A     N/A           N/A           N/A    N/A        N/A
232    1   MANUFACTURED       FLORENCE          CO   81226    N/A     N/A           N/A           N/A    N/A        N/A
233    1   MANUFACTURED       BOWLING GREEN     OH   43402    1986    179           N/A     2,950,000    12/10/97   MAI APPRAISAL
234    1   RETAIL             IDAHO FALLS       ID   83404    N/A     N/A           N/A           N/A    N/A        N/A
235    1   RETAIL             ROCKVILLE         MD   20850    N/A     N/A           N/A           N/A    N/A        N/A
236    1   RETAIL             PHOENIX           AZ   85712    N/A     N/A           N/A           N/A    N/A        N/A
237    1   RETAIL             ARLINGTON         TX   76010    N/A     N/A           N/A           N/A    N/A        N/A
238    1   RETAIL             NEW BERN          NC   28560    N/A     N/A           N/A           N/A    N/A        N/A
239    1   MULTI-FAMILY       PHILADELPHIA      PA   19115    1960     82           N/A     2,150,000    01/16/94   MAI APPRAISAL
240    1   RETAIL             LINCOLN           ME   01773    N/A     N/A           N/A           N/A    N/A        N/A
241    1   MIXED USE          PORTLAND          ME   04101    1912    N/A           N/A           N/A    N/A        N/A
242    1   RETAIL             GAINESVILLE       GA   30501    N/A     N/A           N/A           N/A    N/A        N/A
243    1   WAREHOUSE          SPRINGFIELD       OR   97477    N/A     N/A           N/A           N/A    N/A        N/A
244    1   WAREHOUSE          MEDFORD           OR   97501    N/A     N/A           N/A           N/A    N/A        N/A
245    1   RETAIL             LILBURN           GA   30087    N/A     N/A           N/A           N/A    N/A        N/A
246    1   MANUFACTURED       SENECA            IL   61360    1974    N/A           N/A           N/A    N/A        N/A
247    1   RETAIL             BALTIMORE         MD   21206    N/A     N/A           N/A           N/A    N/A        N/A
248    1   MULTI-FAMILY       VERMILION         OH   44089    N/A     N/A           N/A           N/A    N/A        N/A
249    1   MULTI-FAMILY       DAYTON            OH   45419    N/A     N/A           N/A           N/A    N/A        N/A
250    1   LODGING            KISSIMMEE         FL   34746    1985     61        31,650     2,200,000    01/01/98   MAI APPRAISAL
251    1   OFFICE             ESTACADA          OR   97023    1984    N/A        15,000           N/A    N/A        N/A
252    1   OFFICE             URBANDALE         IA   50322    1995      3        18,881     2,120,000    12/15/97   MAI APPRAISAL
253    1   MULTI-FAMILY       ROWLETT           TX   75088    N/A     N/A           N/A           N/A    N/A        N/A
254    1   MULTI-FAMILY       FITCHBURG         MA   01420    1977     90           N/A           N/A    N/A        N/A
255    1   OFFICE             MIDDLETOWN        RI   02840    1970      1        10,567           N/A    N/A        N/A
256    1   MULTI-FAMILY       LAS VEGAS         NV   89101    N/A     N/A           N/A           N/A    N/A        N/A
257    1   MULTI-FAMILY       SENECA            SC   29678    N/A     N/A           N/A           N/A    N/A        N/A
258    1   MULTI-FAMILY       PHOENIX           AZ   85009    N/A     N/A           N/A           N/A    N/A        N/A
259    1   RETAIL             WOODSTOCK         GA   30188    N/A     N/A           N/A           N/A    N/A        N/A
260    1   OFFICE             BRIGHAM CITY      UT   84302    N/A     N/A           N/A           N/A    N/A        N/A
261    1   MULTI-FAMILY       PENNSVILLE        NJ   08070    1960     72        56,112     1,700,000    12/01/97   MAI APPRAISAL
262    1   MULTI-FAMILY       FREDONIA          NY   14063    N/A     N/A           N/A           N/A    N/A        N/A
263    1   INDUSTRIAL         ORION TOWNSHIP    MI   48360    N/A     N/A           N/A           N/A    N/A        N/A
264    1   RETAIL             CINCINNATI        OH   45245    1989    N/A        23,158     1,900,000    12/02/97   MAI APPRAISAL
265    1   OFFICE             GLEN BURNIE       MD   21061    N/A     N/A           N/A           N/A    N/A        N/A
266    1   MANUFACTURED       MANTENO           IL   60950    1987    108           N/A           N/A    N/A        N/A
267    1   MULTI-FAMILY       BEAVER            PA   15057    N/A     N/A           N/A           N/A    N/A        N/A
268    1   OFFICE             COLUMBUS          GA   31904    N/A     N/A           N/A           N/A    N/A        N/A
269    1   MULTI-FAMILY       ROSWELL           GA   30075    1964     48           N/A     1,750,000    10/29/97   MAI APPRAISAL
270    1   INDUSTRIAL         HUNTINGTON BEACH  CA   92648    N/A     N/A           N/A           N/A    N/A        N/A
271    1   RETAIL             SPARTANBURG       SC   29302    N/A     N/A           N/A           N/A    N/A        N/A
272    1   INDUSTRIAL         LAKE ORION        MI   48360    N/A     N/A           N/A           N/A    N/A        N/A
273    1   RETAIL             HOUSTON           TX   77021    N/A     N/A           N/A           N/A    N/A        N/A
274    1   WAREHOUSE          HOBBS             NM   88240    1985    541           N/A           N/A    N/A        N/A
</TABLE>
                                    Page 31
<PAGE>
<TABLE>
<CAPTION>
ASSET PROP                                                    YEAR                          PROPERTY    VALUATION    VALUATION
NO     NO  PROPERTY TYPE      CITY            STATE   ZIP     BUILT  UNITS      NET SF        VALUE        DATE       SOURCE
<S>   <C>  <C>                <C>               <C>  <C>      <C>     <C>       <C>        <C>           <C>        <C>
275    1   OFFICE             MINNEAPOLIS       MN   55401    1926    N/A        24,300           N/A    N/A        N/A
276    1   MULTI-FAMILY       NORTHRIDGE        CA   91325    N/A     N/A           N/A           N/A    N/A        N/A
277    1   RETAIL             TEMPE             AZ   85281    1980      9        19,827     1,600,000    01/15/98   MAI APPRAISAL
278    1   MULTI-FAMILY       PINEVILLE         LA   71303    1996     80           N/A           N/A    N/A        N/A
279    1   OFFICE             LAWRENCE          MA   01840    1905    N/A        75,000     2,300,000    12/15/97   MAI APPRAISAL
280    1   MULTI-FAMILY       GLASTONE          MO   64118    N/A     N/A           N/A           N/A    N/A        N/A
281    1   MULTI-FAMILY       CORAL SPRINGS     FL   33065    1974     40        36,400     1,825,000    12/31/97   MAI APPRAISAL
282    1   MULTI-FAMILY       PINEVILLE         LA   71360    1979     80           N/A           N/A    N/A        N/A
283    1   RETAIL             PALM HARBOR       FL   34684    N/A     N/A           N/A           N/A    N/A        N/A
284    1   MULTI-FAMILY       ALIQUIPPA         PA   15001    N/A     N/A           N/A           N/A    N/A        N/A
285    1   OFFICE             GREENSBORO        NC   27407    N/A     N/A           N/A           N/A    N/A        N/A
286    1   OFFICE             GREENSBORO        NC   27407    N/A     N/A           N/A           N/A    N/A        N/A
287    1   MULTI-FAMILY       HURON             OH   44839    N/A     N/A           N/A           N/A    N/A        N/A
288    1   MULTI-FAMILY       ELYRIA            OH   44035    N/A     N/A           N/A           N/A    N/A        N/A
289    1   RETAIL             LAGUNA HILLS      CA   92653    N/A     N/A           N/A           N/A    N/A        N/A
290    1   HEALTH CARE        FAYETTEVILLE      NC   28306    N/A     N/A           N/A           N/A    N/A        N/A
291    1   MULTI-FAMILY       WYLIE             TX   75098    1984     76           N/A           N/A    N/A        N/A
292    1   MULTI-FAMILY       SHREVEPORT        LA   71105    1970    110           N/A           N/A    N/A        N/A
293    1   MANUFACTURED       BRAINTREE         VT   05060    1969     96           N/A           N/A    N/A        N/A
294    1   OFFICE             LAFAYETTE         CA   80026    1997    N/A        16,760     1,590,000    04/30/98   MAI APPRAISAL
295    1   MULTI-FAMILY       BASTROP           TX   78602    1986    566        55,512           N/A    N/A        N/A
296    1   OFFICE             DES MOINES        IA   50313    N/A     N/A           N/A           N/A    N/A        N/A
297    1   MULTI-FAMILY       GLADSTONE         MO   64118    N/A     N/A           N/A           N/A    N/A        N/A
298    1   WAREHOUSE          ROWLETT           TX   75088    1995    314        40,550     1,700,000    12/08/97   MAI APPRAISAL
299    1   OFFICE             SAN DIEGO         CA   92131    N/A     N/A           N/A           N/A    N/A        N/A
300    1   OFFICE             LONGWOOD          FL   32750    N/A     N/A           N/A           N/A    N/A        N/A
301    1   MULTI-FAMILY       SEATTLE           WA   98121    N/A     N/A           N/A           N/A    N/A        N/A
302    1   MULTI-FAMILY       DAYTON            OH   45419    N/A     N/A           N/A           N/A    N/A        N/A
303    1   MULTI-FAMILY       NORWALK           OH   44857    N/A     N/A           N/A           N/A    N/A        N/A
304    1   WAREHOUSE          ALBANY            OR   97321    N/A     N/A           N/A           N/A    N/A        N/A
305    1   RETAIL             UNION             NY   13790    N/A     N/A           N/A           N/A    N/A        N/A
305    2   OFFICE             VESTAL            NY   13850    N/A     N/A           N/A           N/A    N/A        N/A
306    1   RETAIL             DECATUR           GA   30035    N/A     N/A           N/A           N/A    N/A        N/A
307    1   OFFICE             CLAYTON           MO   63105    1964    N/A        43,473           N/A    N/A        N/A
308    1   MULTI-FAMILY       BELLEFONTAINE     MO   63137    1966     60        49,700           N/A    N/A        N/A
309    1   RETAIL             MESA              AZ   85203    1981    N/A        16,200           N/A    N/A        N/A
310    1   MULTI-FAMILY       HOUSTON           TX   77266    N/A     N/A           N/A           N/A    N/A        N/A
311    1   MULTI-FAMILY       ARLINGTON         TX   76010    N/A     N/A           N/A           N/A    N/A        N/A
312    1   RETAIL             BOWIE             MD   20715    1997    N/A        10,315           N/A    N/A        N/A
313    1   MULTI-FAMILY       PHOENIX           AZ   85015    1983     54        26,424           N/A    N/A        N/A
314    1   MULTI-FAMILY       PHOENIX           AZ   85016    1967     54        42,141           N/A    N/A        N/A
315    1   OFFICE             ST LOUIS          MO   63112    N/A     N/A           N/A           N/A    N/A        N/A
316    1   MULTI-FAMILY       MANCHESTER        NH   03101    1986     32        27,310           N/A    N/A        N/A
317    1   MULTI-FAMILY       PITTSBURGH        PA   15285    N/A     N/A           N/A           N/A    N/A        N/A
318    1   RETAIL             BAYTOWN           TX   77522    N/A     N/A           N/A           N/A    N/A        N/A
319    1   WAREHOUSE          ADDISON           IL   60101    N/A     N/A           N/A           N/A    N/A        N/A
320    1   MULTI-FAMILY       ST LOUIS          MO   63114    1966     44        29,216           N/A    N/A        N/A
321    1   MULTI-FAMILY       ORRVILLE          OH   44667    N/A     N/A           N/A           N/A    N/A        N/A
322    1   MULTI-FAMILY       NORMAN            OK   73069    N/A     N/A           N/A           N/A    N/A        N/A
</TABLE>
                                    Page 32
<PAGE>
<TABLE>

                 MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
             LOAN PORTFOLIO ANALYSIS SYSTEM - PROPERTY PERFORMANCE
                 PORTFOLIO: COMMERCIAL MTGE ACCEPT CORP 1998 C1
                       REPORTING PERIOD: SEPTEMBER, 1998
                            DATE PRINTED: 17-SEP-98
<CAPTION>
             BASELINE OR                                   MOST        YTD       YTD
ASSET  PROP  MOST RECENT    NOI                        RECENT YTD     PERIOD     PERIOD     YTD NOI              PERCENT
NO      NO   ANNUAL  NOI   AS OF    NOI SOURCE             NOI        BEGIN      ENDING     SOURCE               OCCUPIED  AS OF
<S>    <C>   <C>         <C>        <C>                  <C>         <C>        <C>        <C>                   <C>       <C>
001      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
002      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
003      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
004      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
005      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
006      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
007      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
008      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
009      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
010      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
011      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
012      1   1,294,328   N/A        UNDERWRITER                N/A   N/A        N/A        N/A                      97.0%  6/15/98
013      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
014      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
015      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
016      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
017      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
018      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
019      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
020      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
021      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
022      1         N/A   N/A        N/A                  1,010,375   1/1/98     7/31/98    BORROWER                 96.0%  7/31/98
023      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
024      1         N/A   N/A        N/A                     67,615   7/1/98     7/31/98    BORROWER                 98.6%  7/31/98
025      1   2,018,552   12/31/96   BORROWER             1,723,149   1/1/98     6/30/98    BORROWER                  N/A   N/A
026      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
027      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
028      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
029      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
030      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
031      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
032      1     643,604   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                     100.0%  4/30/98
033      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
034      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
035      1     922,177   12/31/97   BORROWER               532,541   1/1/98     6/30/98    BORROWER                 95.0%  8/1/98
036      1     479,112   12/31/97   BORROWER               126,049   1/1/98     3/31/98    BORROWER                 99.6%  6/1/98
037      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
038,     1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
038,     2         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
038,     3         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
041      1   1,621,268   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                     100.0%  12/31/97
042      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
042      2         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
042      3         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
042      4         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
042      5         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
042      6         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
042      7         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
042      8         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
042      9         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
042     10         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
</TABLE>
                                    Page 33
<PAGE>
<TABLE>
<CAPTION>
             BASELINE OR                                   MOST        YTD       YTD
ASSET  PROP  MOST RECENT    NOI                        RECENT YTD     PERIOD     PERIOD     YTD NOI              PERCENT
NO      NO   ANNUAL  NOI   AS OF    NOI SOURCE             NOI        BEGIN      ENDING     SOURCE               OCCUPIED  AS OF
<S>    <C>   <C>         <C>        <C>                  <C>         <C>        <C>        <C>                   <C>       <C>
042     11         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
042     12         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
042     13         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
042     14         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
043      1   1,050,175   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                      92.0%  12/31/97
044      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
045      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
046      1     787,399   12/31/97   FILE                   506,467   1/1/98     7/31/98    BORROWER                 91.3%  5/27/98
047      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
048      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
049      1   1,500,673   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                       N/A   N/A
050      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
051,     1     346,938   N/A        UNDERWRITER            134,863   1/1/98     6/30/98    BORROWER                 80.0%  7/29/98
051,     2     268,403   N/A        UNDERWRITER             91,392   1/1/98     6/30/98    BORROWER                 87.0%  7/29/98
051,     3     234,381   N/A        UNDERWRITER            118,482   1/1/98     6/30/98    BORROWER                 96.0%  7/29/98
051,     4     303,370   N/A        UNDERWRITER            138,246   1/1/98     6/30/98    BORROWER                 81.0%  7/29/98
055      1   1,035,905   12/31/97   BORROWER               262,488   1/1/98     3/31/98    BORROWER                  N/A   N/A
056      1         N/A   N/A        N/A                     69,439   1/1/98     3/31/98    BORROWER                  N/A   N/A
057      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
058      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
059      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
060      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
061      1         N/A   N/A        N/A                     85,252   5/1/98     5/31/98    BORROWER                100.0%  4/30/98
062      1         N/A   N/A        N/A                    228,343   1/1/98     3/31/98    BORROWER                 83.0%  12/31/97
063      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
064      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
065      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
066,     1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
066,     2         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
066,     3         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
069      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
070      1     687,105   N/A        UNDERWRITER            368,032   1/1/98     6/30/98    BORROWER                 96.0%  3/31/98
071      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
072      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
073      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
074      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
075      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
076      1     793,956   N/A        UNDERWRITER            378,109   1/1/98     5/31/98    BORROWER                 94.4%  6/30/98
077      1     545,281   12/31/96   PNC                    174,555   1/1/98     3/31/98    BORROWER                 98.6%  4/3/98
078      1     779,232   12/31/97   BORROWER               222,668   1/1/98     3/31/98    BORROWER                 92.0%  4/3/98
079      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
080      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
081      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
082      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
083      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
084      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
085      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
086      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
087      1     631,748   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                       N/A   N/A
088      1     685,489   12/31/97   BORROWER               175,944   1/1/98     3/31/98    BORROWER                 95.0%  3/31/98
089      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
090      1         N/A   N/A        N/A                    536,182   1/1/98     6/30/98    BORROWER                100.0%  6/30/98
091      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
092      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
093      1     889,395   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                       N/A   N/A
094      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
</TABLE>
                                    Page 34
<PAGE>
<TABLE>
<CAPTION>
             BASELINE OR                                   MOST        YTD       YTD
ASSET  PROP  MOST RECENT    NOI                        RECENT YTD     PERIOD     PERIOD     YTD NOI              PERCENT
NO      NO   ANNUAL  NOI   AS OF    NOI SOURCE             NOI        BEGIN      ENDING     SOURCE               OCCUPIED  AS OF
<S>    <C>   <C>         <C>        <C>                  <C>         <C>        <C>        <C>                   <C>       <C>
095      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
096      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
097      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
098      1     857,332   12/31/97   BORROWER               195,358   1/1/98     3/31/98    BORROWER                 97.1%  4/3/98
099      1     441,820   12/31/96   FILE                   311,181   1/1/98     6/30/98    BORROWER                 97.2%  6/30/98
100      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
101      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
102      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
103      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
104      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
105      1     541,287   12/31/97   BORROWER               293,094   1/1/98     7/31/98    BORROWER                100.0%  3/31/98
106      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
107      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
108      1     404,131   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                      95.5%  4/3/98
109      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
110      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
111      1       0,000   N/A        UNDERWRITER                N/A   N/A        N/A        N/A                       N/A   N/A
112      1     547,364   12/31/96   PNC                        N/A   N/A        N/A        N/A                      95.0%  4/3/98
113      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
114      1     808,469   12/31/97   BORROWER               157,705   1/1/98     3/31/98    BORROWER                100.0%  4/3/98
115      1     505,875   12/31/97   BORROWER               114,246   1/1/98     3/31/98    BORROWER                 98.4%  4/3/98
116      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
117      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
118      1     485,903   N/A        UNDERWRITER            155,575   1/1/98     6/30/98    BORROWER                100.0%  7/24/98
119      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
120      1     469,463   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                       N/A   N/A
121      1         N/A   N/A        N/A                    224,389   1/1/98     6/30/98    BORROWER                 93.0%  6/30/98
122      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
123      1     496,502   12/31/96   PNC                        N/A   N/A        N/A        N/A                      94.6%  4/3/98
124      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
125      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
126      1     630,280   12/31/97   BORROWER               161,907   1/1/98     3/31/98    BORROWER                  N/A   N/A
127      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
128      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
129      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
130      1     516,251   12/31/96   PNC                    145,555   1/1/98     3/31/98    BORROWER                100.0%  4/3/98
131      1     448,235   12/31/97   BORROWER               117,855   1/1/98     3/31/98    BORROWER                 96.0%  3/31/98
132      1     448,386   N/A        UNDERWRITER                N/A   N/A        N/A        N/A                       N/A   N/A
133      1     488,000   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                      90.8%  4/3/98
134      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
135      1     560,168   12/31/97   BORROWER                93,821   1/1/98     3/31/98    BORROWER                 94.3%  12/31/97
136      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
137      1         N/A   N/A        N/A                    190,820   1/1/98     6/30/98    BORROWER                100.0%  6/3/98
138      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
139      1     629,909   N/A        UNDERWRITER            157,294   1/1/98     3/31/98    BORROWER                100.0%  3/31/98
140      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
141      1     374,100   12/31/97   BORROWER               111,656   1/1/98     3/31/98    BORROWER                 97.5%  4/3/98
142      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
143      1     271,569   12/31/97   BORROWER               118,746   1/1/98     3/31/98    BORROWER                 95.0%  4/3/98
144      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
145      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
146      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
147      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
148      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
149      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
150      1     357,577   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                     100.0%  4/3/98
</TABLE>
                                    Page 35
<PAGE>
<TABLE>
<CAPTION>
             BASELINE OR                                   MOST        YTD       YTD
ASSET  PROP  MOST RECENT    NOI                        RECENT YTD     PERIOD     PERIOD     YTD NOI              PERCENT
NO      NO   ANNUAL  NOI   AS OF    NOI SOURCE             NOI        BEGIN      ENDING     SOURCE               OCCUPIED  AS OF
<S>    <C>   <C>         <C>        <C>                  <C>         <C>        <C>        <C>                   <C>       <C>
151      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
152      1     656,432   12/31/97   FILE                    52,198   5/1/98     5/31/98    BORROWER                 88.0%  4/30/98
153      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
154      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
155      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
156,     1     156,358   N/A        UNDERWRITER                N/A   N/A        N/A        N/A                      94.1%  4/30/98
156,     2     200,412   N/A        UNDERWRITER             35,793   2/20/98    3/31/98    BORROWER                 71.3%  4/30/98
158      1         N/A   N/A        N/A                    165,989   1/1/98     6/30/98    BORROWER                 96.8%  6/30/98
159      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
160      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
161      1     272,117   N/A        UNDERWRITER             66,652   1/1/98     3/31/98    BORROWER                 93.0%  4/30/98
162      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
163      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
164      1         N/A   N/A        N/A                    331,243   1/1/98     6/30/98    BORROWER                 76.1%  6/30/98
165      1         N/A   N/A        N/A                     95,793   1/1/98     6/30/98    BORROWER                 84.3%  6/30/98
166      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
166      2         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
167      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
168      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
169      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
170      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
171      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
172      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
173      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
174      1     355,277   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                       N/A   N/A
175      1     220,910   N/A        UNDERWRITER             66,428   1/1/98     3/31/98    BORROWER                 98.0%  3/31/98
176      1         N/A   N/A        N/A                    131,768   1/1/98     6/30/98    BORROWER                 99.3%  6/30/98
177      1     550,778   3/31/98    BORROWER                   N/A   N/A        N/A        N/A                     100.0%  7/24/98
178      1         N/A   N/A        N/A                    149,021   1/1/98     6/30/98    BORROWER                100.0%  6/30/98
179      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
180      1         N/A   N/A        N/A                    140,898   1/1/98     5/31/98    BORROWER                  N/A   N/A
181      1     221,391   12/31/97   BORROWER               133,030   1/1/98     3/31/98    BORROWER                100.0%  3/31/98
182      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
183      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
184      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
185      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
186      1     334,826   12/31/97   LOAN                    87,169   1/1/98     3/31/98    BORROWER                100.0%  4/1/98
187      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
188      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
189      1     116,205   12/31/96   PNC                     71,166   3/1/98     6/30/98    BORROWER                 96.8%  6/30/98
190      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
191      1     299,633   12/31/97   BORROWER                82,329   1/1/98     3/31/98    BORROWER                 95.0%  3/31/98
192      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
193      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
194      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
195      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
196      1     329,349   12/31/97   BORROWER                93,302   1/1/98     3/31/98    BORROWER                 98.0%  4/1/98
197      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
198      1         N/A   N/A        N/A                    151,679   1/1/98     6/30/98    BORROWER                 96.7%  6/30/98
199      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
200      1     319,701   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                      75.0%  12/31/97
201      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
202      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
203      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
204      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
205      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
</TABLE>
                                    Page 36
<PAGE>
<TABLE>
<CAPTION>
             BASELINE OR                                   MOST        YTD       YTD
ASSET  PROP  MOST RECENT    NOI                        RECENT YTD     PERIOD     PERIOD     YTD NOI              PERCENT
NO      NO   ANNUAL  NOI   AS OF    NOI SOURCE             NOI        BEGIN      ENDING     SOURCE               OCCUPIED  AS OF
<S>    <C>   <C>         <C>        <C>                  <C>         <C>        <C>        <C>                   <C>       <C>
206      1     350,137   12/31/97   BORROWER               174,789   1/1/98     6/30/98    BORROWER                100.0%  6/30/98
206      2         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
206      3         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
207      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
208      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
209      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
210      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
211      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
212      1     198,278   N/A        UNDERWRITER             75,968   1/1/98     6/30/98    BORROWER                 98.3%  7/24/98
213      1      78,670   N/A        UNDERWRITER             39,015   1/1/98     6/30/98    BORROWER                 94.5%  7/24/98
214      1     251,201   N/A        UNDERWRITER                N/A   N/A        N/A        N/A                     100.0%  5/1/98
215      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
216      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
217      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
218      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
219      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
220      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
221      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
222      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
223      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
224      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
225      1         N/A   N/A        N/A                     21,188   1/1/98     6/30/98    BORROWER                 85.0%  6/30/98
226      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
227      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
228      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
229      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
230      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
231      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
232      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
233      1     202,481   N/A        UNDERWRITER            185,473   1/1/97     9/30/97    UNDERWRITER              80.0%  1/28/98
234      1     271,917   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                     100.0%  4/10/98
235      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
236      1     275,098   N/A        UNDERWRITER            136,587   5/1/97     9/30/97    UNDERWRITER               N/A   N/A
237      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
238      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
239      1     242,406   N/A        UNDERWRITER                N/A   N/A        N/A        N/A                      94.0%  2/13/98
240      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
241      1     205,809   12/31/95   PNC                        N/A   N/A        N/A        N/A                      97.1%  4/3/98
242      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
243      1         N/A   N/A        N/A                     71,422   1/1/98     3/31/98    BORROWER                 87.0%  3/31/98
244      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
245      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
246      1     177,443   12/31/97   BORROWER                36,791   1/1/98     3/31/98    BORROWER                 98.3%  4/3/98
247      1         N/A   N/A        N/A                     58,069   1/1/98     3/31/98    BORROWER                  N/A   N/A
248      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
249      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
250      1     315,862   N/A        UNDERWRITER                N/A   N/A        N/A        N/A                       N/A   N/A
251      1       0,000   N/A        UNDERWRITER            110,098   1/1/98     6/30/98    BORROWER                  N/A   N/A
252      1     169,068   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                       N/A   N/A
253      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
254      1     162,107   N/A        UNDERWRITER            141,978   1/1/97     10/31/97   UNDERWRITER              95.6%  1/1/28
255      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
256      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
257      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
258      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
259      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
</TABLE>
                                    Page 37
<PAGE>
<TABLE>
<CAPTION>
             BASELINE OR                                   MOST        YTD       YTD
ASSET  PROP  MOST RECENT    NOI                        RECENT YTD     PERIOD     PERIOD     YTD NOI              PERCENT
NO      NO   ANNUAL  NOI   AS OF    NOI SOURCE             NOI        BEGIN      ENDING     SOURCE               OCCUPIED  AS OF
<S>    <C>   <C>         <C>        <C>                  <C>         <C>        <C>        <C>                   <C>       <C>
260      1     207,276   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                       N/A   N/A
261      1     166,402   12/31/97   BORROWER                92,469   1/1/98     6/30/98    BORROWER                 86.1%  7/31/98
262      1     181,856   12/31/97   BORROWER                51,952   1/1/98     4/30/98    BORROWER                 85.0%  4/30/98
263      1         N/A   N/A        N/A                     37,723   1/1/98     3/31/98    BORROWER                100.0%  3/31/98
264      1     164,681   N/A        UNDERWRITER            141,488   1/1/97     10/31/97   UNDERWRITER              95.5%  3/31/98
265      1     164,848   N/A        UNDERWRITER            180,941   1/1/97     9/30/97    UNDERWRITER               N/A   N/A
266      1     149,415   12/31/97   BORROWER                41,897   1/1/98     3/31/98    BORROWER                100.0%  4/3/98
267      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
268      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
269      1     191,439   N/A        UNDERWRITER             51,706   1/1/98     3/31/98    BORROWER                 98.0%  3/31/98
270      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
271      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
272      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
273      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
274      1     192,735   N/A        UNDERWRITER             91,288   10/1/97    3/31/98    BORROWER                 86.7%  6/30/97
275      1         N/A   N/A        N/A                     48,491   1/1/98     3/31/98    BORROWER                  N/A   N/A
276      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
277      1         N/A   N/A        N/A                     34,897   1/1/98     2/28/98    BORROWER                100.0%  3/31/98
278      1         N/A   N/A        N/A                     69,229   1/1/98     6/30/98    BORROWER                 97.5%  6/30/98
279      1     240,081   12/31/96   FILE                   222,357   1/1/97     10/31/97   FILE                     90.5%  8/26/98
280      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
281      1     167,845   12/31/97   FILE                    45,130   4/1/98     6/30/98    BORROWER                100.0%  3/20/98
282      1         N/A   N/A        N/A                     88,336   1/1/98     6/30/98    BORROWER                100.0%  6/30/98
283      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
284      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
285      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
286      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
287      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
288      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
289      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
290      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
291      1     162,033   12/31/97   BORROWER                29,313   1/1/98     3/31/98    BORROWER                 94.7%  4/3/98
292      1         N/A   N/A        N/A                     31,259   1/1/98     6/30/98    BORROWER                 86.4%  6/30/98
293      1     216,224   12/31/96   PNC                     94,175   1/1/97     9/30/97    PNC                      98.0%  4/3/98
294      1         N/A   N/A        N/A                     29,809   5/5/98     6/30/98    BORROWER                100.0%  7/9/98
295      1         N/A   10/31/97   BORROWER                   N/A   N/A        N/A        N/A                      92.9%  11/30/97
296      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
297      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
298      1     164,410   12/31/97   BORROWER                48,129   1/1/98     3/31/98    BORROWER                 35.0%  3/1/98
299      1     124,727   12/31/97   BORROWER                33,816   1/1/98     3/31/98    BORROWER                  N/A   N/A
300      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
301      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
302      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
303      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
304      1     160,292   12/31/97   BORROWER                41,978   1/1/98     3/31/98    BORROWER                 84.4%  3/31/98
305      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
305      2         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
306      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
307      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
308      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
309      1     140,339   12/31/97   BORROWER                82,152   1/1/98     7/31/98    BORROWER                 93.8%  6/30/98
310      1         N/A   N/A        N/A                     23,014   1/1/98     3/31/98    BORROWER                  N/A   N/A
311      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
312      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
313      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
314      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
</TABLE>
                                    Page 38
<PAGE>
<TABLE>
<CAPTION>
             BASELINE OR                                   MOST        YTD       YTD
ASSET  PROP  MOST RECENT    NOI                        RECENT YTD     PERIOD     PERIOD     YTD NOI              PERCENT
NO      NO   ANNUAL  NOI   AS OF    NOI SOURCE             NOI        BEGIN      ENDING     SOURCE               OCCUPIED  AS OF
<S>    <C>   <C>         <C>        <C>                  <C>         <C>        <C>        <C>                   <C>       <C>
315      1     334,938   12/31/97   BORROWER                85,175   1/1/98     3/31/98    BORROWER                100.0%  3/31/98
316      1                160,008   UNDERWRITER             27,722   1/1/98     3/31/98    BORROWER                100.0%  4/30/98
317      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
318      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
319      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
320      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
321      1         N/A   N/A        N/A                        N/A   N/A        N/A        N/A                       N/A   N/A
322      1      71,737   12/31/97   BORROWER                   N/A   N/A        N/A        N/A                      90.0%  12/31/97
</TABLE>
                                    Page 39
<PAGE>
                 MIDLAND LOAN SERVICES, L.P. - MASTER SERVICER
                LOAN PORTFOLIO ANALYSIS SYSTEM - ASSET COMMENTS

                 PORTFOLIO: COMMERCIAL MTGE ACCEPT CORP 1998 C1
                       REPORTING PERIOD: SEPTEMBER, 1998
                            DATE PRINTED: 17-SEP-98

LOAN 001 - 1:

LOAN 002 - 1:

LOAN 003 - 1:

LOAN 004 - 1:

LOAN 005 - 1:

LOAN 006 - 1:

LOAN 007 - 1:

LOAN 008 - 1:

LOAN 009 - 1:

LOAN 010 - 1:

LOAN 011 - 1:

LOAN 012 - 1:

LOAN 013 - 1:

LOAN 014 - 1:

LOAN 015 - 1:

LOAN 016 - 1:

LOAN 017 - 1:

LOAN 018 - 1:

LOAN 019 - 1:

LOAN 020 - 1:

LOAN 021 - 1:

LOAN 022 - 1:

LOAN 023 - 1:

LOAN 024 - 1:

LOAN  025 - 1:     Partial Year Statement Comment:  6/30/98 - A RENT EXPENSE OF
$738,578 AND A PERCENTAGE RENT EXPENSE OF $661,879 WERE PAID TO THE PARTNERSHIP
AND WERE NOT INCLUDED IN THE OPERATING EXPENSES.  NORMALIZED PROPERTY TAX PER
LOAN SERVICING INFORMATION.

LOAN 026 - 1:

LOAN 027 - 1:

LOAN 028 - 1:

LOAN 029 - 1:

LOAN 030 - 1:

LOAN 031 - 1:

LOAN  032 - 1:     Latest Annual Statement Comment: 12/31/97 - DEVELOPERS FEE
SHOULD BE A ONE TIME EXPENSE. (PER C.P.A.)

LOAN 033 - 1:

LOAN 034 - 1:

LOAN  035 - 1:     Latest Annual Statement Comment: 12/31/97 - GARAGE INCOME
DERIVED FROM TENANT & TRANSIENT PARKING, RETAIL AND UTILITY REVENUE.   Partial
Year Statement Comment:  6/30/98 - NORMALIZED PROPETY TAXES PER LOAN SERVICING
INFORMATION.
                                    Page 40
<PAGE>
LOAN 036 - 1:

LOAN 037 - 1:

LOAN 038, 039, 040 - 2:

LOAN 038, 039, 040 - 3:

LOAN 038, 039, 040 - 1:

LOAN 041 - 1:

LOAN 042 - 7:

LOAN 042 - 3:

LOAN 042 - 5:

LOAN 042 - 6:

LOAN 042 - 8:

LOAN 042 - 1:

LOAN 042 - 9:

LOAN 042 - 2:

LOAN 042 - 11:

LOAN 042 - 4:

LOAN 042 - 12:

LOAN 042 - 13:

LOAN 042 - 14:

LOAN 042 - 10:

LOAN 043 - 1:

LOAN 044 - 1:

LOAN 045 - 1:

LOAN  046 - 1:  Partial Year Statement Comment:  7/31/98 - NORMALIZED PROPERTY
 TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.

LOAN 047 - 1:

LOAN 048 - 1:

LOAN 049 - 1:

LOAN 050 - 1:

LOAN  051, 052, 053, 054 - 1:     Latest Annual Statement Comment: 12/31/97 -
DEBT SERVICE WAS PRORATED BASED ON NUMBER OF PROPERTY UNITS.     Partial Year
Statement Comment:  6/30/98 - DEBT SERVICE WAS PRORATED BASED ON NUMBER OF
PROPERTY UNITS. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.  CONFIRMED HIGH PROPERTY MANAGEMENT FEES WITH THE BORROWER.


LOAN  051, 052, 053, 054 - 2:     Latest Annual Statement Comment: 12/31/97 -
DEBT SERVICE WAS PRORATED BASED ON NUMBER OF PROPERTY UNITS     Partial Year
Statement Comment:  6/30/98 - DEBT SERVICE WAS PRORATED BASED ON NUMBER OF
PROPERTY UNITS.  NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.  CONFIRMED HIGH PROPERTY MANAGEMENT FEES WITH THE BORROWER.


LOAN  051, 052, 053, 054 - 3:     Latest Annual Statement Comment: 12/31/97 -
DEBT SERVICE WAS PRORATED BASED ON NUMBER OF PROPERTY UNITS     Partial Year
Statement Comment:  6/30/98 - DEBT SERVICE WAS PRORATED BASED ON NUMBER OF
PROPERTY UNITS.  NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.  CONFIRMED HIGH PROPERTY MANAGEMENT FEES WITH THE BORROWER.


LOAN  051, 052, 053, 054 - 4:     Latest Annual Statement Comment: 12/31/97 -
DEBT SERVICE WAS PRORATED BASED ON NUMBER OF PROPERTY UNITS     Partial Year
Statement Comment:  6/30/98 - DEBT SERVICE WAS PRORATED BASED ON NUMBER OF
PROPERTY UNITS.  NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.  CONFIRMED HIGH PROPERTY MANAGEMENT FEES WITH THE BORROWER.
                                    Page 41
<PAGE>
LOAN 055 - 1:

LOAN 056 - 1:

LOAN 057 - 1:

LOAN 058 - 1:

LOAN 059 - 1:

LOAN 060 - 1:

LOAN 061 - 1:

LOAN 062 - 1:

LOAN 063 - 1:

LOAN 064 - 1:

LOAN 065 - 1:

LOAN 066, 067, 068 - 3:

LOAN 066, 067, 068 - 2:

LOAN 066, 067, 068 - 1:

LOAN 069 - 1:

LOAN  070 - 1:  Partial Year Statement Comment:  6/30/98 - NORMALIZED PROPERTY
 TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.

LOAN 071 - 1:

LOAN 072 - 1:

LOAN 073 - 1:

LOAN 074 - 1:

LOAN 075 - 1:

LOAN 076 - 1:

LOAN 077 - 1:

LOAN 078 - 1:

LOAN 079 - 1:

LOAN 080 - 1:

LOAN 081 - 1:

LOAN 082 - 1:

LOAN 083 - 1:

LOAN 084 - 1:

LOAN 085 - 1:

LOAN 086 - 1:

LOAN 087 - 1:

LOAN 088 - 1:

LOAN 089 - 1:

LOAN 090 - 1:

LOAN 091 - 1:

LOAN 092 - 1:

LOAN 093 - 1:

LOAN 094 - 1:

LOAN 095 - 1:

LOAN 096 - 1:
                                    Page 42
<PAGE>
LOAN 097 - 1:

LOAN 098 - 1:

LOAN  099 - 1:  Partial Year Statement Comment:  6/30/98 - NORMALIZED PROPERTY
 TAX PER LOAN SERVICING INFORMATION.

LOAN 100 - 1:

LOAN 101 - 1:

LOAN 102 - 1:

LOAN 103 - 1:

LOAN 104 - 1:

LOAN  105 - 1:  Latest Annual Statement Comment: 12/31/97 - PARTICIPATION FEES
 OF $64,228 WERE NOT INCLUDED IN THE OPERATING EXPENSES.     Partial Year
Statement Comment:  7/31/98 - NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN
SERVICING INFORMATION.

LOAN 106 - 1:

LOAN 107 - 1:

LOAN 108 - 1:

LOAN 109 - 1:

LOAN 110 - 1:

LOAN 111 - 1:

LOAN  112 - 1:     Status Comment: Loan was reactivated on July 22, 1998.


LOAN 113 - 1:

LOAN 114 - 1:

LOAN 115 - 1:

LOAN 116 - 1:

LOAN 117 - 1:

LOAN 118 - 1:

LOAN 119 - 1:

LOAN 120 - 1:

LOAN 121 - 1:

LOAN 122 - 1:

LOAN 123 - 1:

LOAN 124 - 1:

LOAN 125 - 1:

LOAN 126 - 1:

LOAN 127 - 1:

LOAN 128 - 1:

LOAN 129 - 1:

LOAN 130 - 1:

LOAN 131 - 1:

LOAN 132 - 1:

LOAN 133 - 1:

LOAN 134 - 1:

LOAN 135 - 1:

LOAN 136 - 1:
                                    Page 43
<PAGE>
LOAN 137 - 1:

LOAN 138 - 1:

LOAN 139 - 1:

LOAN 140 - 1:

LOAN 141 - 1:

LOAN 142 - 1:

LOAN 143 - 1:

LOAN 144 - 1:

LOAN 145 - 1:

LOAN 146 - 1:

LOAN 147 - 1:

LOAN 148 - 1:

LOAN 149 - 1:

LOAN 150 - 1:

LOAN 151 - 1:

LOAN 152 - 1:

LOAN 153 - 1:

LOAN 154 - 1:

LOAN 155 - 1:

LOAN  156, 157 - 2:  Latest Annual Statement Comment: 12/31/97 - PRORATED DEBT
 SERVICE BETWEEN THE 2 PROPERTIES BASED ON UNDERWRITTEN NOI.     Partial Year
Statement Comment:  3/31/98 - THIS STAMENT REFLECTS ACTIVITY FROM FEB. 20-MARCH
31, 1998. FEB. 20, 1998 IS THE DATE THAT NPFS, LP TOOK OWNERSHIP OF THE
PROPERTIES.

LOAN  156, 157 - 1:   Latest Annual Statement Comment: 12/31/97 - PRORATED DEBT
 SERVICE BETWEEN THE 2 PROPERTIES BASED ON UNDERWRITTEN NOI.


LOAN 158 - 1:

LOAN 159 - 1:

LOAN 160 - 1:

LOAN  161 - 1:    Latest Annual Statement Comment: 11/30/97 - PER UNDERWRITING,
OCCUPANCY WAS 94.4% AS OF 1/10/98.   Partial Year Statement Comment:  3/31/98 -
 NORMALIZED PROPERTY TAX AND INSURANCE EXPENSES UTILIZING LOAN SERVICING
INFORMATION.

LOAN 162 - 1:

LOAN 163 - 1:

LOAN 164 - 1:

LOAN 165 - 1:

LOAN 166 - 2:

LOAN 166 - 1:

LOAN 167 - 1:

LOAN 168 - 1:

LOAN 169 - 1:

LOAN 170 - 1:

LOAN 171 - 1:

LOAN 172 - 1:

LOAN 173 - 1:
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LOAN 174 - 1:

LOAN 175 - 1:

LOAN 176 - 1:

LOAN  177 - 1:    Latest Annual Statement Comment: 3/31/98 - HIGHER DSCR DUE TO
HIGHER REVENUES.

LOAN 178 - 1:

LOAN 179 - 1:

LOAN 180 - 1:

LOAN 181 - 1:

LOAN 182 - 1:

LOAN 183 - 1:

LOAN 184 - 1:

LOAN 185 - 1:

LOAN  186 - 1:   Latest Annual Statement Comment: 12/31/97 - PROPERTY TAXES PER
 LOAN SERVICING SYSTEM.

LOAN 187 - 1:

LOAN 188 - 1:

LOAN  189 - 1:   Partial Year Statement Comment:  6/30/98 - NORMALIZED PROPERTY
 TAX AND INSURANCE PER LOAN SERVICING INFORMATION.

LOAN 190 - 1:

LOAN 191 - 1:

LOAN 192 - 1:

LOAN 193 - 1:

LOAN 194 - 1:

LOAN 195 - 1:

LOAN 196 - 1:

LOAN 197 - 1:

LOAN 198 - 1:

LOAN 199 - 1:

LOAN  200 - 1:     Latest Annual Statement Comment: 12/31/97 - DEBT SERVICE
NORMALIZED PER STRATEGY

LOAN 201 - 1:

LOAN 202 - 1:

LOAN 203 - 1:

LOAN 204 - 1:

LOAN 205 - 1:

LOAN 206 - 3:

LOAN 206 - 1:

LOAN 206 - 2:

LOAN 207 - 1:

LOAN 208 - 1:

LOAN 209 - 1:

LOAN 210 - 1:

LOAN 211 - 1:

                                    Page 45
<PAGE>
LOAN  212 - 1:  Partial Year Statement Comment:  6/30/98 - NORMALIZED PROPERTY
 TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.

LOAN  213 - 1:     Partial Year Statement Comment:  6/30/98 - LEGAL FEES OF
$7,166 FOR REFINANCING WERE NOT INCLUDED IN THE OPERATING EXPENSES.  WATER
TESTING FEES OF $4,969 WERE INCLUDED IN THE OTHER EXPENSES.  ORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.

LOAN  214 - 1:    Latest Annual Statement Comment: 12/31/97 - PER UNDERWRITING,
OCCUPANCY WAS 100% AS OF 1/12/98.

LOAN 215 - 1:

LOAN 216 - 1:

LOAN 217 - 1:

LOAN 218 - 1:

LOAN 219 - 1:

LOAN 220 - 1:

LOAN 221 - 1:

LOAN 222 - 1:

LOAN 223 - 1:

LOAN 224 - 1:

LOAN 225 - 1:

LOAN 226 - 1:

LOAN 227 - 1:

LOAN 228 - 1:

LOAN 229 - 1:

LOAN 230 - 1:

LOAN 231 - 1:

LOAN 232 - 1:

LOAN 233 - 1:

LOAN 234 - 1:

LOAN 235 - 1:

LOAN  236 - 1:    Latest Annual Statement Comment: 4/30/97 - THE PROPERTY HAS A
YEAR-END OF 4/30    Partial Year Statement Comment:  9/30/97 - THE PROPERTY HAS
A YEAR-END OF 4/30

LOAN 237 - 1:

LOAN 238 - 1:

LOAN  239 - 1:     Latest Annual Statement Comment: 12/31/97 - 12 MONTH TRAIL.
DEBT SERVICE PER STRATEGY.  RENT ROLL DATED 2/13/98 LISTED OCCUPANCY AS 94%.


LOAN 240 - 1:

LOAN 241 - 1:

LOAN 242 - 1:

LOAN 243 - 1:

LOAN 244 - 1:

LOAN 245 - 1:

LOAN 246 - 1:

LOAN 247 - 1:

LOAN 248 - 1:

LOAN 249 - 1:
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LOAN 250 - 1:

LOAN 251 - 1:

LOAN 252 - 1:

LOAN 253 - 1:

LOAN 254 - 1:

LOAN 255 - 1:

LOAN 256 - 1:

LOAN 257 - 1:

LOAN 258 - 1:

LOAN 259 - 1:

LOAN 260 - 1:

LOAN 261 - 1:

LOAN  262 - 1:     Latest Annual Statement Comment: 12/31/97 - MANAGEMENT FEES
ARE BASED ON 7% OD GROSS INCOME AND ALSO INCLUDE BACK MANAGEMENT FEES OWED.


LOAN 263 - 1:

LOAN 264 - 1:

LOAN 265 - 1:

LOAN 266 - 1:

LOAN 267 - 1:

LOAN 268 - 1:

LOAN 269 - 1:

LOAN 270 - 1:

LOAN 271 - 1:

LOAN 272 - 1:

LOAN 273 - 1:

LOAN  274 - 1:     Status Comment: Loan was reactivated on July 22, 1998.


LOAN 275 - 1:

LOAN 276 - 1:

LOAN 277 - 1:

LOAN 278 - 1:

LOAN 279 - 1:

LOAN 280 - 1:

LOAN  281 - 1:   Partial Year Statement Comment:  6/30/98 - NORMALIZED PROPERTY
 TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.

LOAN 282 - 1:

LOAN 283 - 1:

LOAN 284 - 1:

LOAN 285 - 1:

LOAN 286 - 1:

LOAN 287 - 1:

LOAN 288 - 1:

LOAN 289 - 1:

LOAN 290 - 1:
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LOAN 302 - 1:

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LOAN 304 - 1:

LOAN 305 - 1:

LOAN 305 - 2:

LOAN 306 - 1:

LOAN 307 - 1:

LOAN 308 - 1:

LOAN  309 - 1:   Partial Year Statement Comment:  7/31/98 - NORMALIZED PROPERTY
 TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.

LOAN 310 - 1:

LOAN 311 - 1:

LOAN 312 - 1:

LOAN 313 - 1:

LOAN 314 - 1:

LOAN 315 - 1:

LOAN 316 - 1:

LOAN 317 - 1:

LOAN 318 - 1:

LOAN 319 - 1:

LOAN 320 - 1:

LOAN 321 - 1:

LOAN 322 - 1:



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