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) January 15, 1999
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 January 15, 1999, 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
January 15, 1999.
Loan data file as of the January 1999 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, INC., 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 Loan Services, Inc.
/s/ Lawrence D. Ashley
By: Lawrence D. Ashley
Title: Senior Vice President
Date: January 15, 1999
EXHIBIT INDEX
Sequential
Document Page Number
Monthly Remittance Statement to the Certificateholders 3
dated as of January 15, 1999
Loan data file as of the January 1999 Determination Date. 17
Page - 2
ABN AMRO Statement Date: 01/15/99
LaSalle National Bank Payment Date: 01/15/99
Administrator: Prior Payment: 12/15/98
Harry Paik (800) 246-5761 Record Date: 12/31/98
135 S. LaSalle Street Suite 1625 WAC: 0.076712792
Chicago, IL 60674-4107 WAMM: 168.2699166
Commercial Mortgage Acceptance Corp.
Midland Loan Services, L.P., as Master Servicer
Commercial Mortgage Pass-Through Certificates
Series 1998-C1
LaSalle Web Site www.lnbabs.com
Servicer Website www.midlandls.com
LaSalle Bulletin Board (714) 282-3990
LaSalle ASAP Fax System (312) 904-2200
ASAP #: 338
Monthly Data File Name: 0338MMYY.EXE
<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 ............... 277,000,000.00 270,493,647.98 0.00
9ABSB562 .......... 1000.0000000 976.5113645 0.00000000
X ................. 1,192,237,748.76N 1,185,731,403.25 0.00
9ABSB563 .......... 1000.0000000 994.5427449 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 0.00 269,255,264.03
9ABSB562 .......... 0.000000000 0.000000000 972.040664368
X ................. 0.00 0.00 1,184,493,020.54
9ABSB563 .......... 0.000000000 0.000000000 993.504040421
V ................. 0.00 0.00 0.00
9ABSB564 .......... 0.000000000 0.000000000 0.000000000
- ------------------- ---------------- ---------------- ----------------
TOTAL ............. 0.00 0.00 277,000,000.00
================ ================ ================
<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 ............... 277,000,000.00 270,493,647.98 1,238,383.95
201728CT7 ......... 1000.000000000 976.5113645 4.470700181
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 1,185,731,403.25 0.00
201728CV2 ......... 1000.000000000 994.542744919 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 1,185,732,588.98 1,238,383.95
================ ================ ================
<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 0.00 269,255,264.03
201728CT7 ......... 0.000000000 0.000000000 972.040664368
A-2 ............... 0.00 0.00 581,412,000.00
201728CU4 ......... 0.000000000 0.000000000 1000.000000000
X ................. 0.00 0.00 1,184,493,020.54
201728CV2 ......... 0.000000000 0.000000000 993.504040421
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 .......... 0.000000000 0.000000000 0.000000000
- ------------------- ---------------- ---------------- ----------------
TOTAL ............. 0.00 0.00 1,184,494,205.03
================ ================ ================
Total P&I Payment 8,718,490.41
============
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 ............... 1,403,938.51 (374.35) 6.23000000%
201728CT7 ......... 5.068370072 -0.001351444 Fixed
A-2 ............... 3,143,631.68 (838.22) 6.49000000%
201728CU4 ......... 5.406891636 -0.001441697 Fixed
X ................. 1,086,563.13 (289.72) 1.09993160%
201728CV2 ......... 0.911364475 -0.000243005 1.00839129%
B ................. 327,773.10 (87.40) 6.60000000%
201728CW0 ......... 5.498533828 -0.001466172 Fixed
C ................. 335,724.75 (89.52) 6.76000000%
201728CX8 ......... 5.631831678 -0.001501711 Fixed
D ................. 372,850.54 (99.42) 7.15000000%
201728CY6 ......... 5.956745003 -0.001588357 Fixed
E ................. 130,215.96 (34.72) 7.49212986%
201728CZ3 ......... 6.241777394 -0.001664270 7.48976800%
F ................. 278,458.67 (74.25) 6.23000000%
201728DA7 ......... 5.190282759 -0.001383970 Fixed
G ................. 61,685.08 (16.45) 6.21000000%
201728DB5 ......... 5.173620733 -0.001379686 Fixed
H ................. 46,262.51 (12.34) 6.21000000%
201728DC3 ......... 5.173619996 -0.001380004 Fixed
J ................. 77,112.82 (20.56) 6.21000000%
201728DD1 ......... 5.173620933 -0.001379403 Fixed
K ................. 46,247.00 (12.33) 6.21000000%
201728DE9 ......... 5.17362121 -0.001379349 Fixed
L ................. 61,690.25 (16.45) 6.21000000%
201728DF6 ......... 5.173620429 -0.001379571 Fixed
M ................. 46,252.17 (12.33) 6.21000000%
201728DG4 ......... 5.173620805 -0.001379195 Fixed
N ................. 61,700.29 (16.45) 6.21000000%
201728DH2 ......... 5.173620262 -0.001379346 Fixed
R-III ............. 0.00 0.00 --
9ABSB557 .......... 0.000000000 0.000000000 --
- ------------------- ---------------- ---------------- ----------------
TOTAL ............. 7,480,106.46 (1,994.51) --
================ ================ ================
<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 ............ 277,000,000.00 270,493,647.98 1,238,383.95
NONE .............. 1000.000000000 976.51136455 4.470700181
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 1,185,731,403.25 0.00
NONE .............. 1000.000000000 994.542744919 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 1,185,732,588.98 1,238,383.95
================ ================ ================
<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 0.00 269,255,264.03
NONE .............. 0.000000000 0.000000000 972.040664368
A-2-II ............ 0.00 0.00 581,412,000.00
NONE .............. 0.000000000 0.000000000 1000.0000000
WAC-II ............ 0.00 0.00 1,184,493,020.54
NONE .............. 0.000000000 0.000000000 993.504040421
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 1,184,494,205.03
================ ================ ================
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 ............ 1,403,938.51 (374.35) 6.23000000%
NONE .............. 5.068370072 -0.001351444 Fixed
A-2-II ............ 3,143,631.68 (838.22) 6.49000000%
NONE .............. 5.406891636 -0.001441697 Fixed
WAC-II ............ 1,086,563.13 (289.72) 1.09993160%
NONE .............. 0.911364475 -0.000243005 1.00839129%
B-II .............. 327,773.10 (87.40) 6.60000000%
NONE .............. 5.498533828 -0.001466172 Fixed
C-II .............. 335,724.75 (89.52) 6.76000000%
NONE .............. 5.631831678 -0.001501711 Fixed
D-II .............. 372,850.54 (99.42) 7.15000000%
NONE .............. 5.956745003 -0.001588357 Fixed
E-II .............. 130,215.96 (34.72) 7.49212986%
NONE .............. 6.241777394 -0.001664270 7.48976800%
F-II .............. 278,458.67 (74.25) 6.23000000%
NONE .............. 5.190282759 -0.001383970 Fixed
G-II .............. 61,685.08 (16.45) 6.21000000%
NONE .............. 5.173620733 -0.001379686 Fixed
H-II .............. 46,262.51 (12.34) 6.21000000%
NONE .............. 5.173619996 -0.001380004 Fixed
J-II .............. 77,112.82 (20.56) 6.21000000%
NONE .............. 5.173620933 -0.001379403 Fixed
K-II .............. 46,247.00 (12.33) 6.21000000%
NONE .............. 5.17362121 -0.001379349 Fixed
L-II .............. 61,690.25 (16.45) 6.21000000%
NONE .............. 5.173620429 -0.001379571 Fixed
M-II .............. 46,252.17 (12.33) 6.21000000%
NONE .............. 5.173620805 -0.001379195 Fixed
N-II .............. 61,700.29 (16.45) 6.21000000%
NONE .............. 5.173620262 -0.001379346 Fixed
R-II .............. 0.00 0.00 --
9ABSB559 .......... 0.000000000 0.0000000000 --
- ------------------- ---------------- ---------------- ----------------
TOTAL ............. 7,480,106.46 -1994.510000000 --
================ ================ ================
<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 1,185,732,589.30 1,238,383.95
NONE .............. 1000.000000000 994.542745186 1.038704497
R-I ............... 0.00 0.00 0.00
9ABSB561 .......... 1000.000000000 0.000000000 0.000000000
- ------------------- ---------------- ---------------- ----------------
TOTAL ............. 1,192,238,941.00 1,185,732,589.30 1,238,383.95
================ ================ ================
<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 1,184,494,205.35
NONE .............. 0.000000000 0.000000000 993.504040689
R-I ............... 0.00 0.00 0.00
9ABSB561 .......... 0.000000000 0.000000000 0.00000000
- ------------------- ---------------- ---------------- ----------------
TOTAL ............. 0.00 0.00 1,184,494,205.35
================ ================ ================
<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 .. 7,480,106.44 (1,994.51) 7.57212986%
NONE .............. 6.273999433 -0.001672911 7.56976800%
R-I ............... 0.00 0.00 --
9ABSB561 .......... 0.000000000 0.000000000 --
- ------------------- ---------------- ---------------- ----------------
TOTAL ............. 7,480,106.44 (1,994.51) --
================ ================ ================
<FN>
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual
(3) Estimated
</FN>
</TABLE>
Total P&I Payment 8,718,490.39
============
OTHER RELATED INFORMATION
Distributable Beginning Ending
Certificate Prepayment PPIS Interest Interest
Class Interest Premiums Allocation Shortfall Shortfall
A-1 1,403,938.51 0.00 (374.35) 0.00 0.00
A-2 3,143,631.68 0.00 (838.22) 0.00 0.00
X 1,086,563.13 0.00 (289.72) 0.00 0.00
B 327,773.10 0.00 (87.40) 0.00 0.00
C 335,724.75 0.00 (89.52) 0.00 0.00
D 372,850.54 0.00 (99.42) 0.00 0.00
E 130,215.96 0.00 (34.72) 0.00 0.00
F 278,458.67 0.00 (74.25) 0.00 0.00
G 61,685.08 0.00 (16.45) 0.00 0.00
H 46,262.51 0.00 (12.34) 0.00 0.00
J 77,112.82 0.00 (20.56) 0.00 0.00
K 46,247.00 0.00 (12.33) 0.00 0.00
L 61,690.25 0.00 (16.45) 0.00 0.00
M 46,252.17 0.00 (12.33) 0.00 0.00
N 61,700.29 0.00 (16.45) 0.00 0.00
------------ ---------- ---------- ---------- ---------
TOTAL 7,480,106.46 0.00 (1,994.51) 0.00 0.00
============ ========== ========== ========== =========
Servicer Advances 0.00
Aggregate Servicing Compensation 94,610.88
Special Servicer Fees
Page - 10
<PAGE>
OTHER RELATED INFORMATION, Continued
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
1,185,732,589.30 1,184,494,205.35 0.00 0.00
ABN AMRO Acct: 67-7982-50-6
Distribution Delinq 1 Month Delinq 2 Months
Date # Balance # Balance
01/15/99 0 0 0 0
/ 0.00% 0.000% 0.00% 0.000%
12/15/98 1 2,126,211 0 0
/ 0.32% 0.179% 0.00% 0.000%
11/16/98 1 1,540,727 0 0
/ 0.32% 0.130% 0.00% 0.000%
10/15/98 1 2,102,956 0 0
/ 0.32% 0.177% 0.00% 0.000%
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
01/15/99 0 0 0 0
/ 0.00% 0.000% 0.00% 0.00%
12/15/98 0 0 0 0
/ 0.00% 0.000% 0.00% 0.00%
11/16/98 0 0 0 0
/ 0.00% 0.000% 0.00% 0.00%
10/15/98 0 0 0 0
/ 0.00% 0.000% 0.00% 0.00%
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
01/15/99 0 0 0 0
/ 0.00% 0.000% 0.00% 0.00%
12/15/98 0 0 0 0
/ 0.00% 0.000% 0.00% 0.00%
11/16/98 0 0 0 0
/ 0.00% 0.000% 0.00% 0.00%
10/15/98 0 0 0 0
/ 0.00% 0.000% 0.00% 0.00%
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
01/15/99 0 0 7.6713% 7.5721%
/ 0.00% 0.000% 0.00% 0
12/15/98 0 0 7.4535% 7.3550%
/ 0.00% 0.000% 0.00% 0
11/16/98 0 0 7.6733% 7.5741%
/ 0.00% 0.000% 0.00% 0
10/15/98 0 0 7.4537% 7.3553%
/ 0.00% 0.000% 0.00% 0
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 Foreclosure Bankruptcy REO
Control # Date Advance Advances(1) Advances Desc.(2) Transfer Date Date Date Date
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
108 12/01/98 30,233.53 30,233.53 0.00 B -- -- -- --
130 12/01/98 26,249.64 26,249.64 0.00 B -- -- -- --
213 12/01/98 4,854.38 4,854.38 0.00 B -- -- -- --
118 12/01/98 27,025.83 27,025.83 0.00 B -- -- -- --
116 12/01/98 28,788.01 28,788.01 0.00 B -- -- -- --
34 12/01/98 65,673.47 65,673.47 0.00 B -- -- -- --
321 12/01/98 4,920.34 4,920.34 0.00 B -- -- -- --
288 12/01/98 8,257.92 8,257.92 0.00 B -- -- -- --
303 12/01/98 7,053.65 7,053.65 0.00 B -- -- -- --
221 12/01/98 13,247.08 13,247.08 0.00 B -- -- -- --
287 12/01/98 8,257.92 8,257.92 0.00 B -- -- -- --
306 12/01/98 7,098.60 7,098.60 0.00 B -- -- -- --
179 12/01/98 18,021.56 18,021.56 0.00 B -- -- -- --
208 12/01/98 18,449.17 18,449.17 0.00 B -- -- -- --
240 12/01/98 13,894.65 13,894.65 0.00 B -- -- -- --
192 12/01/98 18,372.60 18,372.60 0.00 B -- -- -- --
204 12/01/98 24,401.12 24,401.12 0.00 B -- -- -- --
319 12/01/98 10,448.69 10,448.69 0.00 B -- -- -- --
220 12/01/98 15,084.95 15,084.95 0.00 B -- -- -- --
124 12/01/98 25,292.73 25,292.73 0.00 B -- -- -- --
128 12/01/98 24,371.31 24,371.31 0.00 B -- -- -- --
290 12/01/98 10,199.41 10,199.41 0.00 B -- -- -- --
224 12/01/98 13,242.03 13,242.03 0.00 B -- -- -- --
111 12/01/98 45,984.40 45,984.40 0.00 B -- -- -- --
234 12/01/98 12,984.81 12,984.81 0.00 B -- -- -- --
305 12/01/98 7,349.84 7,349.84 0.00 B -- -- -- --
129 12/01/98 27,380.53 27,380.53 0.00 B -- -- -- --
181 12/01/98 18,006.52 18,006.52 0.00 B -- -- -- --
252 12/01/98 10,698.39 10,698.39 0.00 B -- -- -- --
49 12/01/98 60,107.49 60,107.49 0.00 B -- -- -- --
73 12/01/98 47,288.14 47,288.14 0.00 B -- -- -- --
256 12/01/98 11,257.41 11,257.41 0.00 B -- -- -- --
215 12/01/98 15,455.10 15,455.10 0.00 B -- -- -- --
149 12/01/98 21,886.28 21,886.28 0.00 B -- -- -- --
-------- ---------- ---------- ---- -- ---------- ---------- ---------- ----------
Total -- 701,837.50 701,837.50 -- -- -- -- -- --
========== ========== ==== == ========== ========== ========== ==========
<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>
DISTRIBUTION OF PRINCIPAL BALANCES
Current Scheduled Number Scheduled Based on
Balances of Loans Balance Balance
$0 to $1,000,000 .............. 20 16,730,151 1.41%
$1,000,000 to $2,000,000 ...... 90 130,744,925 11.04%
$2,000,000 to $3,000,000 ...... 71 174,748,084 14.75%
$3,000,000 to $4,000,000 ...... 36 124,004,280 10.47%
$4,000,000 to $5,000,000 ...... 30 134,686,844 11.37%
$5,000,000 to $6,000,000 ...... 15 81,753,081 6.90%
$6,000,000 to $7,000,000 ...... 13 85,062,272 7.18%
$7,000,000 to $8,000,000 ...... 10 75,855,618 6.40%
$8,000,000 to $9,000,000 ...... 5 41,942,447 3.54%
$9,000,000 to $10,000,000 ..... 4 38,247,969 3.23%
$10,000,000 to $11,000,000 .... 6 62,567,426 5.28%
$11,000,000 to $12,000,000 .... 5 56,016,497 4.73%
$12,000,000 to $13,000,000 .... 1 12,682,690 1.07%
$13,000,000 to $14,000,000 .... 3 39,929,604 3.37%
$14,000,000 to $15,000,000 .... 1 14,885,134 1.26%
$15,000,000 to $20,000,000 .... 3 52,875,475 4.46%
$20,000,000 to $22,000,000 .... 0 0 0.00%
$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 41,761,709 3.53%
- ------------------------------- --- ------------- ------
Total ......................... 314 1,184,494,205 100.00%
=== ============= ======
Average Scheduled Balance is 3,772,275
Maximum Scheduled Balance is 41,761,709
Minimum Scheduled Balance is 534,250
DISTRIBUTION OF PROPERTY TYPES
Number Scheduled Based on
Property Types of Loans Balance Balance
Retail ........................ 93 374,013,809 31.58%
Multifamily ................... 104 345,442,226 29.16%
Office ........................ 36 143,647,833 12.13%
Lodging ....................... 26 105,406,841 8.90%
Industrial .................... 25 83,831,914 7.08%
Mixed Use ..................... 2 55,173,440 4.66%
Mobile Home ................... 15 36,028,969 3.04%
Self Storage .................. 9 24,019,056 2.03%
Other ......................... 2 10,249,429 0.87%
Health Care ................... 2 6,680,689 0.56%
--- ------------- ------
Total ......................... 314 1,184,494,205 100.00%
=== ============= ======
Page - 13
<PAGE>
GEOGRAPHIC DISTRIBUTION
Number Scheduled Based on
Geographic Location of Loans Balance Balance
California .................... 50 270,946,433 22.87%
Pennsylvania .................. 15 88,007,830 7.43%
New Jersey .................... 13 65,197,190 5.50%
North Carolina ................ 12 56,874,540 4.80%
Florida ....................... 15 50,830,152 4.29%
Illinois ...................... 12 49,921,560 4.21%
Texas ......................... 19 49,288,820 4.16%
Massachusetts ................. 9 42,324,522 3.57%
Ohio .......................... 19 42,244,031 3.57%
Georgia ....................... 13 40,068,948 3.38%
Arizona ....................... 12 34,521,598 2.91%
Washington .................... 7 32,272,602 2.72%
Various ....................... 4 26,880,807 2.27%
Colorado ...................... 10 26,710,810 2.26%
Oregon ........................ 10 25,758,956 2.17%
New York ...................... 6 24,867,123 2.10%
Kentucky ...................... 5 23,530,313 1.99%
Louisiana ..................... 10 21,991,550 1.86%
Missouri ...................... 11 21,854,094 1.85%
Indiana ....................... 3 21,320,124 1.80%
Oklahoma ...................... 6 20,363,790 1.72%
Nevada ........................ 4 17,593,146 1.49%
Maryland ...................... 7 16,363,404 1.38%
Michigan ...................... 7 15,596,573 1.32%
West Virginia ................. 2 14,295,635 1.21%
New Hampshire ................. 3 13,025,318 1.10%
Mississippi ................... 3 10,704,803 0.90%
Tennessee ..................... 2 9,241,569 0.78%
Virginia ...................... 3 6,871,268 0.58%
Iowa .......................... 3 6,204,068 0.52%
Other ......................... 19 38,822,629 3.28%
--- ------------- ------
Total ......................... 314 1,184,494,205 100.00%
=== ============= ======
DISTRIBUTION OF MORTGAGE INTEREST RATES
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
0.0675 or less ................ 2 7,062,234 0.60%
0.0675 to 0.0725 .............. 117 484,479,843 40.90%
0.0725 to 0.0775 .............. 117 419,604,008 35.42%
0.0775 to 0.0825 .............. 58 184,744,767 15.60%
0.0825 to 0.0875 .............. 16 64,417,757 5.44%
0.0875 to 0.0925 .............. 2 12,917,137 1.09%
0.0925 to 0.0975 .............. 0 0 0.00%
0.0975 to 0.1025 .............. 2 11,268,460 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 1,184,494,205 100.00%
=== ============= ======
W/Avg Mortgage Interest Rate is 7.4534%
Minimum 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 1,184,494,205 100.00%
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 1,184,494,205 100.00%
=== ============= ======
Weighted Average Seasoning is 0.5
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 .............. 4 7,307,661 0.62%
121 to 180 months ............. 4 27,912,871 2.36%
181 to 240 months ............. 27 71,410,666 6.03%
241 to 360 months ............. 2 19,954,003 1.68%
- ------------------------------- --- ------------- ------
37 126,585,201 10.69%
=== ============= ======
Weighted Average Months to Maturity is 210
<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 ................ 0 0 0.00%
0.7501 to 0.875 ............... 0 0 0.00%
0.8751 to 1 ................... 0 0 0.00%
1.0001 to 1.125 ............... 1 2,742,985 0.23%
1.1251 to 1.25 ................ 1 1,283,926 0.11%
1.2501 to 1.375 ............... 0 0 0.00%
1.3751 to 1.5 ................. 0 0 0.00%
1.5001 to 1.625 ............... 1 874,944 0.07%
1.6251 to 1.75 ................ 0 0 0.00%
1.7501 to 1.875 ............... 0 0 0.00%
1.8751 to 2 ................... 1 2,472,449 0.21%
2.0001 to 2.125 ............... 0 0 0.00%
2.1251 & above ................ 7 27,209,359 2.30%
Unknown ....................... 303 1,149,910,542 97.08%
--- ------------- ------
Total ......................... 314 1,184,494,205 100.00%
=== ============= ======
<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 2.318
Page - 15
<PAGE>
DISTRIBUTION OF AMORTIZATION TYPE
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing .............. 37 126,585,201 10.69%
Interest Only / B ............. 277 1,057,909,004 89.31%
--- ------------- ------
Total ......................... 314 1,184,494,205 100.00%
=== ============= ======
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 ............... 3 11,516,576 0.97%
37 to 48 months ............... 2 15,391,376 1.30%
49 to 60 months ............... 1 3,109,400 0.26%
61 to 120 months .............. 197 672,775,051 56.80%
121 to 180 months ............. 20 101,569,834 8.57%
181 to 240 months ............. 54 253,546,767 21.41%
- ------------------------------- --- ------------- ------
277 1,057,909,004 89.31%
=== ============= ======
Weighted Average Months to Maturity is 163
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 1,184,494,205 100.00%
--- ------------- ------
Total ......................... 314 1,184,494,205 100.00%
=== ============= ======
<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
MODIFIED LOAN DETAIL
Disclosure Modification Modification
Control # Date Description
Page - 16
<PAGE>
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
<TABLE>
MIDLAND LOAN SERVICES, L.P. - Master Servicer
Loan Portfolio Analysis System - Loan Status
PORTFOLIO: COMMERCIAL MTGE ACCEPT CORP 1998 C1
REPORTING PERIOD: January, 1999
DATE PRINTED: 19-Jan-99
<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 41,761,709 0 74.6% 1.60 N/A PERFORMING PERFORM TO MATURITY
002 19,987,591 0 33.3% 2.53 N/A PERFORMING PERFORM TO MATURITY
003 10,265,009 0 17.1% 3.41 N/A PERFORMING PERFORM TO MATURITY
004 4,702,260 0 69.2% 2.67 N/A PERFORMING PERFORM TO MATURITY
005 4,359,387 0 69.2% 2.35 N/A PERFORMING PERFORM TO MATURITY
006 4,016,514 0 70.5% 2.27 N/A PERFORMING PERFORM TO MATURITY
007 3,232,804 0 73.5% 2.25 N/A PERFORMING PERFORM TO MATURITY
008 2,865,440 0 73.5% 2.26 N/A PERFORMING PERFORM TO MATURITY
009 2,537,635 0 55.2% 3.44 N/A PERFORMING PERFORM TO MATURITY
010 2,742,985 0 72.7% 1.09 N/A PERFORMING PERFORM TO MATURITY
011 17,858,699 0 72.9% 1.32 N/A PERFORMING PERFORM TO MATURITY
012 15,029,185 0 75.9% 1.41 N/A PERFORMING PERFORM TO MATURITY
013 14,885,134 0 69.9% 0.55 N/A PERFORMING PERFORM TO MATURITY
014 11,057,680 0 48.1% 2.13 N/A PERFORMING PERFORM TO MATURITY
015 3,237,955 0 14.1% 3.89 N/A PERFORMING PERFORM TO MATURITY
016 3,689,345 0 64.7% 1.76 N/A PERFORMING PERFORM TO MATURITY
017 3,336,110 0 66.7% 1.96 N/A PERFORMING PERFORM TO MATURITY
018 2,502,082 0 65.0% 1.99 N/A PERFORMING PERFORM TO MATURITY
019 2,478,479 0 63.9% 2.24 N/A PERFORMING PERFORM TO MATURITY
020 2,060,538 0 49.1% 2.65 N/A PERFORMING PERFORM TO MATURITY
021 13,411,732 0 78.9% 1.39 N/A PERFORMING PERFORM TO MATURITY
022 13,246,932 0 56.5% 1.40 N/A PERFORMING PERFORM TO MATURITY
023 13,270,940 0 78.1% 1.59 N/A PERFORMING PERFORM TO MATURITY
024 12,682,690 0 74.6% 1.80 N/A PERFORMING PERFORM TO MATURITY
025 11,854,058 0 59.3% 1.83 N/A PERFORMING PERFORM TO MATURITY
026 11,042,937 0 74.6% 1.47 N/A PERFORMING PERFORM TO MATURITY
027 11,034,199 0 62.0% 1.39 N/A PERFORMING PERFORM TO MATURITY
028 11,027,623 0 74.0% 1.33 N/A PERFORMING PERFORM TO MATURITY
029 10,934,294 0 74.4% 1.47 N/A PERFORMING PERFORM TO MATURITY
030 10,771,556 0 69.5% 2.24 N/A PERFORMING PERFORM TO MATURITY
031 10,430,819 0 55.5% 1.30 N/A PERFORMING PERFORM TO MATURITY
032 10,136,574 0 76.2% 0.74 N/A PERFORMING PERFORM TO MATURITY
033 10,029,175 0 79.3% 1.58 N/A PERFORMING PERFORM TO MATURITY
034 9,955,691 10 73.7% 1.19 N/A PERFORMING PERFORM TO MATURITY
035 7,463,976 0 79.2% 1.42 N/A PERFORMING PERFORM TO MATURITY
036 2,435,196 0 48.7% 2.26 N/A PERFORMING PERFORM TO MATURITY
037 9,713,783 0 80.9% 1.34 N/A PERFORMING PERFORM TO MATURITY
038, 039, 9,437,047 0 74.3% 1.58 N/A PERFORMING PERFORM TO MATURITY
041 9,148,023 0 70.4% 1.72 N/A PERFORMING PERFORM TO MATURITY
042 8,737,279 0 72.8% 0.00 N/A PERFORMING PERFORM TO MATURITY
043 8,524,867 0 79.3% 1.49 N/A PERFORMING PERFORM TO MATURITY
044 5,746,752 0 57.3% 1.96 N/A PERFORMING PERFORM TO MATURITY
045 2,768,799 0 52.5% 1.67 N/A PERFORMING PERFORM TO MATURITY
046 8,332,956 0 79.4% 1.14 N/A PERFORMING PERFORM TO MATURITY
047 8,193,212 0 72.2% 1.59 N/A PERFORMING PERFORM TO MATURITY
048 8,154,134 0 70.9% 1.81 N/A PERFORMING PERFORM TO MATURITY
049 7,935,830 0 50.1% 2.06 N/A PERFORMING PERFORM TO MATURITY
050 7,920,827 0 66.0% 1.77 N/A PERFORMING PERFORM TO MATURITY
051, 052, 7,900,234 0 65.1% 1.64 N/A PERFORMING PERFORM TO MATURITY
055 7,700,385 0 79.2% 1.59 N/A PERFORMING PERFORM TO MATURITY
056 7,614,677 0 69.7% 1.34 N/A PERFORMING PERFORM TO MATURITY
057 7,599,306 0 68.8% 1.56 N/A PERFORMING PERFORM TO MATURITY
058 7,295,059 0 70.1% 1.52 N/A PERFORMING PERFORM TO MATURITY
059 7,285,375 0 79.4% 1.33 N/A PERFORMING PERFORM TO MATURITY
060 7,147,353 0 75.2% 1.52 N/A PERFORMING PERFORM TO MATURITY
061 6,951,447 0 53.1% 1.99 N/A PERFORMING PERFORM TO MATURITY
062 6,906,612 0 78.5% 1.41 N/A PERFORMING PERFORM TO MATURITY
063 6,856,803 0 77.4% 1.45 N/A PERFORMING PERFORM TO MATURITY
064 6,765,570 0 74.3% 1.45 N/A PERFORMING PERFORM TO MATURITY
065 6,710,841 0 73.7% 0.00 N/A PERFORMING PERFORM TO MATURITY
066, 067, 6,630,753 0 68.9% 1.39 N/A PERFORMING PERFORM TO MATURITY
069 6,605,957 0 74.4% 1.74 N/A PERFORMING PERFORM TO MATURITY
070 6,460,417 0 73.2% 1.28 N/A PERFORMING PERFORM TO MATURITY
071 6,399,107 0 79.0% 1.63 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 6,364,943 0 68.2% 1.07 N/A PERFORMING PERFORM TO MATURITY
073 6,200,629 0 70.4% 1.87 N/A PERFORMING PERFORM TO MATURITY
074 6,120,214 0 72.9% 1.78 N/A PERFORMING PERFORM TO MATURITY
075 6,094,660 0 69.3% 1.81 N/A PERFORMING PERFORM TO MATURITY
076 5,955,139 0 72.2% 1.68 N/A PERFORMING PERFORM TO MATURITY
077 5,752,425 0 77.7% 1.15 N/A PERFORMING PERFORM TO MATURITY
078 5,626,656 0 71.2% 1.59 N/A PERFORMING PERFORM TO MATURITY
079 5,550,770 0 52.9% 2.74 N/A PERFORMING PERFORM TO MATURITY
080 5,495,320 0 39.3% 2.76 N/A PERFORMING PERFORM TO MATURITY
081 5,450,229 0 72.5% 1.35 N/A PERFORMING PERFORM TO MATURITY
082 5,436,052 0 74.5% 1.49 N/A PERFORMING PERFORM TO MATURITY
083 5,352,817 0 63.7% 2.15 N/A PERFORMING PERFORM TO MATURITY
084 5,360,959 0 56.4% 3.16 N/A PERFORMING PERFORM TO MATURITY
085 5,369,750 0 75.6% 1.29 N/A PERFORMING PERFORM TO MATURITY
086 5,333,850 0 76.2% 1.25 N/A PERFORMING PERFORM TO MATURITY
087 5,176,008 0 76.4% 1.53 N/A PERFORMING PERFORM TO MATURITY
088 5,130,626 0 78.9% 1.56 N/A PERFORMING PERFORM TO MATURITY
089 5,015,727 0 79.6% 1.63 N/A PERFORMING PERFORM TO MATURITY
090 4,976,980 0 45.9% 3.00 N/A PERFORMING PERFORM TO MATURITY
091 4,974,432 0 68.3% 1.48 N/A PERFORMING PERFORM TO MATURITY
092 4,939,693 0 71.6% 2.01 N/A PERFORMING PERFORM TO MATURITY
093 4,931,503 0 57.0% 2.05 N/A PERFORMING PERFORM TO MATURITY
094 4,924,817 0 71.4% 1.40 N/A PERFORMING PERFORM TO MATURITY
095 4,846,105 0 78.8% 1.30 N/A PERFORMING PERFORM TO MATURITY
096 4,790,425 0 78.5% 1.51 N/A PERFORMING PERFORM TO MATURITY
097 4,772,419 0 73.4% 1.69 N/A PERFORMING PERFORM TO MATURITY
098 4,663,102 0 77.7% 2.14 N/A PERFORMING PERFORM TO MATURITY
099 4,610,272 0 72.6% 1.12 N/A PERFORMING PERFORM TO MATURITY
100 4,606,129 0 60.4% 2.08 N/A PERFORMING PERFORM TO MATURITY
101 4,561,559 0 60.0% 2.31 N/A PERFORMING PERFORM TO MATURITY
102 4,559,153 0 65.6% 1.77 N/A PERFORMING PERFORM TO MATURITY
103 2,683,012 0 73.5% 1.47 N/A PERFORMING PERFORM TO MATURITY
104 1,788,675 0 65.0% 1.90 N/A PERFORMING PERFORM TO MATURITY
105 4,460,791 0 79.7% 1.43 N/A PERFORMING PERFORM TO MATURITY
106 4,371,268 0 67.2% 1.54 N/A PERFORMING PERFORM TO MATURITY
107 4,356,617 0 79.2% 1.39 N/A PERFORMING PERFORM TO MATURITY
108 4,368,606 10 74.7% 1.10 N/A PERFORMING PERFORM TO MATURITY
109 4,331,041 0 78.7% 1.22 N/A PERFORMING PERFORM TO MATURITY
110 4,316,752 0 77.8% 1.36 N/A PERFORMING PERFORM TO MATURITY
111 4,187,785 0 64.0% 1.12 N/A PERFORMING PERFORM TO MATURITY
112 4,265,655 0 60.9% 1.46 N/A PERFORMING PERFORM TO MATURITY
113 4,194,552 0 61.7% 1.93 N/A PERFORMING PERFORM TO MATURITY
114 4,174,436 0 74.5% 2.25 N/A PERFORMING PERFORM TO MATURITY
115 4,170,720 0 78.7% 1.48 N/A PERFORMING PERFORM TO MATURITY
116 4,158,564 0 78.5% 1.12 N/A PERFORMING PERFORM TO MATURITY
117 4,059,156 0 78.1% 1.29 N/A PERFORMING PERFORM TO MATURITY
118 4,063,380 10 74.4% 1.48 N/A PERFORMING PERFORM TO MATURITY
119 3,977,016 0 79.5% 1.37 N/A PERFORMING PERFORM TO MATURITY
120 3,970,093 0 76.3% 1.49 N/A PERFORMING PERFORM TO MATURITY
121 3,934,263 0 78.7% 1.30 N/A PERFORMING PERFORM TO MATURITY
122 3,914,321 0 64.9% 1.42 N/A PERFORMING PERFORM TO MATURITY
123 3,799,646 0 69.1% 1.46 N/A PERFORMING PERFORM TO MATURITY
124 3,800,960 10 71.7% 1.09 N/A PERFORMING PERFORM TO MATURITY
125 3,757,185 0 67.1% 1.60 N/A PERFORMING PERFORM TO MATURITY
126 3,596,944 0 58.3% 1.77 N/A PERFORMING PERFORM TO MATURITY
127 3,613,218 0 74.3% 1.85 N/A PERFORMING PERFORM TO MATURITY
128 3,583,026 0 72.1% 1.47 N/A PERFORMING PERFORM TO MATURITY
129 3,571,888 0 74.4% 1.52 N/A PERFORMING PERFORM TO MATURITY
130 3,556,080 10 74.1% 1.62 N/A PERFORMING PERFORM TO MATURITY
131 3,551,722 0 76.4% 1.42 N/A PERFORMING PERFORM TO MATURITY
132 3,540,862 0 74.2% 1.42 N/A PERFORMING PERFORM TO MATURITY
133 3,496,392 0 69.9% 1.61 N/A PERFORMING PERFORM TO MATURITY
134 3,470,688 0 68.1% 1.71 N/A PERFORMING PERFORM TO MATURITY
135 3,454,542 0 69.1% 1.72 N/A PERFORMING PERFORM TO MATURITY
136 3,401,459 0 78.4% 1.05 N/A PERFORMING PERFORM TO MATURITY
137 3,285,015 0 72.2% 1.64 N/A PERFORMING PERFORM TO MATURITY
138 3,271,775 0 71.1% 1.84 N/A PERFORMING PERFORM TO MATURITY
139 3,268,667 0 70.3% 2.15 N/A PERFORMING PERFORM TO MATURITY
140 3,226,016 0 64.5% 1.21 N/A PERFORMING PERFORM TO MATURITY
141 3,251,009 0 79.3% 1.40 N/A PERFORMING PERFORM TO MATURITY
142 3,230,158 0 79.3% 1.19 N/A PERFORMING PERFORM TO MATURITY
143 3,195,504 0 87.5% 1.00 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>
144 3,186,486 0 52.2% 1.86 N/A PERFORMING PERFORM TO MATURITY
145 3,172,143 0 73.8% 1.52 N/A PERFORMING PERFORM TO MATURITY
146 3,155,998 0 57.6% 2.16 N/A PERFORMING PERFORM TO MATURITY
147 3,109,400 0 61.0% 1.63 N/A PERFORMING PERFORM TO MATURITY
148 3,082,108 0 73.4% 1.53 N/A PERFORMING PERFORM TO MATURITY
149 3,072,336 0 75.9% 1.40 N/A PERFORMING PERFORM TO MATURITY
150 3,025,940 0 79.6% 1.37 N/A PERFORMING PERFORM TO MATURITY
151 2,976,218 0 71.7% 1.86 N/A PERFORMING PERFORM TO MATURITY
152 2,980,650 0 40.8% 2.72 N/A PERFORMING PERFORM TO MATURITY
153 2,982,276 0 84.0% 1.19 N/A PERFORMING PERFORM TO MATURITY
154 2,970,032 0 74.3% 1.38 N/A PERFORMING PERFORM TO MATURITY
155 2,947,300 0 78.6% 1.16 N/A PERFORMING PERFORM TO MATURITY
156, 157 2,912,773 0 71.0% 1.37 N/A PERFORMING PERFORM TO MATURITY
158 2,802,883 0 55.0% 1.33 N/A PERFORMING PERFORM TO MATURITY
159 2,871,833 0 75.6% 2.46 N/A PERFORMING PERFORM TO MATURITY
160 2,785,453 0 61.9% 2.04 N/A PERFORMING PERFORM TO MATURITY
161 2,782,992 0 77.3% 1.18 N/A PERFORMING PERFORM TO MATURITY
162 2,771,922 0 69.3% 2.12 N/A PERFORMING PERFORM TO MATURITY
163 2,763,470 0 61.4% 1.75 N/A PERFORMING PERFORM TO MATURITY
164 2,654,242 0 72.7% 1.85 N/A PERFORMING PERFORM TO MATURITY
165 2,642,793 0 77.7% 1.38 N/A PERFORMING PERFORM TO MATURITY
166 2,652,127 0 72.2% 1.66 N/A PERFORMING PERFORM TO MATURITY
167 2,633,862 0 77.5% 1.54 N/A PERFORMING PERFORM TO MATURITY
168 2,591,276 0 46.3% 2.86 N/A PERFORMING PERFORM TO MATURITY
169 2,578,001 0 72.6% 1.39 N/A PERFORMING PERFORM TO MATURITY
170 2,559,455 0 69.0% 1.28 N/A PERFORMING PERFORM TO MATURITY
171 2,543,442 0 78.3% 1.32 N/A PERFORMING PERFORM TO MATURITY
172 2,559,359 0 71.1% 1.49 N/A PERFORMING PERFORM TO MATURITY
173 2,464,200 0 27.1% 0.83 N/A PERFORMING PERFORM TO MATURITY
174 2,530,834 0 79.1% 1.51 N/A PERFORMING PERFORM TO MATURITY
175 2,533,416 0 68.5% 1.04 N/A PERFORMING PERFORM TO MATURITY
176 2,505,759 0 78.3% 1.52 N/A PERFORMING PERFORM TO MATURITY
177 2,472,449 0 66.1% 1.93 N/A PERFORMING PERFORM TO MATURITY
178 2,503,427 0 75.9% 1.35 N/A PERFORMING PERFORM TO MATURITY
179 2,495,538 10 59.0% 1.90 N/A WATCH LIST PERFORM TO MATURITY
180 2,487,984 0 78.2% 1.55 N/A PERFORMING PERFORM TO MATURITY
181 2,471,959 0 64.9% 1.00 N/A PERFORMING PERFORM TO MATURITY
182 2,360,217 0 50.2% 1.58 N/A PERFORMING PERFORM TO MATURITY
183 2,418,959 0 74.4% 1.44 N/A PERFORMING PERFORM TO MATURITY
184 2,406,683 0 68.8% 1.49 N/A PERFORMING PERFORM TO MATURITY
185 2,384,405 0 74.5% 1.11 N/A PERFORMING PERFORM TO MATURITY
186 2,382,755 0 67.7% 1.74 N/A PERFORMING PERFORM TO MATURITY
187 2,336,437 0 74.2% 1.51 N/A PERFORMING PERFORM TO MATURITY
188 2,321,224 0 73.7% 1.10 N/A PERFORMING PERFORM TO MATURITY
189 2,323,960 0 59.6% 1.34 N/A PERFORMING PERFORM TO MATURITY
190 2,320,488 0 73.7% 1.63 N/A PERFORMING PERFORM TO MATURITY
191 2,320,334 0 74.8% 1.46 N/A PERFORMING PERFORM TO MATURITY
192 2,299,792 0 70.9% 1.25 N/A PERFORMING PERFORM TO MATURITY
193 2,280,517 0 73.6% 1.48 N/A PERFORMING PERFORM TO MATURITY
194 2,283,098 0 79.4% 1.31 N/A PERFORMING PERFORM TO MATURITY
195 2,258,881 0 75.5% 1.05 N/A PERFORMING PERFORM TO MATURITY
196 2,270,660 0 76.2% 1.65 N/A PERFORMING PERFORM TO MATURITY
197 2,254,562 0 64.4% 1.98 N/A PERFORMING PERFORM TO MATURITY
198 2,241,128 0 74.7% 1.71 N/A PERFORMING PERFORM TO MATURITY
199 2,223,005 0 74.1% 1.56 N/A PERFORMING PERFORM TO MATURITY
200 2,220,147 0 68.3% 1.61 N/A PERFORMING PERFORM TO MATURITY
201 2,189,252 0 77.6% 1.54 N/A PERFORMING PERFORM TO MATURITY
202 2,167,718 0 52.9% 1.64 N/A PERFORMING PERFORM TO MATURITY
203 2,159,367 0 62.6% 1.58 N/A PERFORMING PERFORM TO MATURITY
204 2,126,211 0 40.3% 1.48 N/A WATCH LIST PERFORM TO MATURITY
205 2,145,018 0 79.4% 1.63 N/A PERFORMING PERFORM TO MATURITY
206 2,107,986 0 70.3% 1.67 N/A PERFORMING PERFORM TO MATURITY
207 2,107,413 0 70.8% 2.02 N/A PERFORMING PERFORM TO MATURITY
208 2,094,810 0 77.3% 1.09 N/A PERFORMING PERFORM TO MATURITY
209 2,085,253 0 74.5% 1.35 N/A PERFORMING PERFORM TO MATURITY
210 2,078,818 0 74.2% 1.33 N/A PERFORMING PERFORM TO MATURITY
211 2,070,117 0 73.9% 1.14 N/A PERFORMING PERFORM TO MATURITY
212 1,342,924 0 75.4% 1.69 N/A PERFORMING PERFORM TO MATURITY
213 675,153 10 67.5% 1.33 N/A PERFORMING PERFORM TO MATURITY
214 2,017,072 0 68.6% 1.47 N/A PERFORMING PERFORM TO MATURITY
215 2,009,308 0 67.0% 2.15 N/A PERFORMING PERFORM TO MATURITY
216 1,991,801 0 77.8% 1.65 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>
217 1,985,062 0 64.0% 1.46 N/A PERFORMING PERFORM TO MATURITY
218 1,973,756 0 73.1% 2.30 N/A PERFORMING PERFORM TO MATURITY
219 1,980,574 0 61.9% 1.56 N/A PERFORMING PERFORM TO MATURITY
220 1,982,051 10 70.8% 1.51 N/A PERFORMING PERFORM TO MATURITY
221 1,913,724 10 61.7% 1.88 N/A PERFORMING PERFORM TO MATURITY
222 1,916,917 0 61.8% 1.86 N/A PERFORMING PERFORM TO MATURITY
223 1,877,694 0 55.2% 2.11 N/A PERFORMING PERFORM TO MATURITY
224 1,866,120 10 73.2% 0.28 N/A PERFORMING PERFORM TO MATURITY
225 1,840,376 0 78.8% 1.56 N/A PERFORMING PERFORM TO MATURITY
226 1,837,054 0 72.0% 1.74 N/A PERFORMING PERFORM TO MATURITY
227 1,836,083 0 78.8% 1.52 N/A PERFORMING PERFORM TO MATURITY
228 1,824,532 0 71.6% 1.69 N/A PERFORMING PERFORM TO MATURITY
229 1,816,691 0 73.3% 1.59 N/A PERFORMING PERFORM TO MATURITY
230 1,806,632 0 73.7% 1.46 N/A PERFORMING PERFORM TO MATURITY
231 1,237,629 0 57.7% 2.15 N/A PERFORMING PERFORM TO MATURITY
232 544,557 0 58.9% 1.41 N/A PERFORMING PERFORM TO MATURITY
233 1,781,546 0 60.4% 1.31 N/A PERFORMING PERFORM TO MATURITY
234 1,779,424 0 70.6% 1.72 N/A PERFORMING PERFORM TO MATURITY
235 1,725,874 0 44.3% 1.42 N/A PERFORMING PERFORM TO MATURITY
236 1,731,473 0 66.6% 1.78 N/A PERFORMING PERFORM TO MATURITY
237 1,727,372 0 61.7% 1.76 N/A PERFORMING PERFORM TO MATURITY
238 1,720,350 0 78.2% 1.21 N/A PERFORMING PERFORM TO MATURITY
239 1,681,304 0 78.2% 1.64 N/A PERFORMING PERFORM TO MATURITY
240 1,650,215 0 73.0% 1.06 N/A PERFORMING PERFORM TO MATURITY
241 1,653,010 0 74.0% 1.33 N/A PERFORMING PERFORM TO MATURITY
242 1,625,885 0 43.6% 2.45 N/A PERFORMING PERFORM TO MATURITY
243 1,617,673 0 65.8% 1.44 N/A PERFORMING PERFORM TO MATURITY
244 1,588,096 0 65.7% 1.45 N/A PERFORMING PERFORM TO MATURITY
245 1,584,195 0 73.7% 1.50 N/A PERFORMING PERFORM TO MATURITY
246 1,585,858 0 79.3% 1.36 N/A PERFORMING PERFORM TO MATURITY
247 1,564,941 0 74.2% 1.31 N/A PERFORMING PERFORM TO MATURITY
248 1,539,189 0 59.2% 2.45 N/A PERFORMING PERFORM TO MATURITY
249 1,538,268 0 78.9% 1.85 N/A PERFORMING PERFORM TO MATURITY
250 1,518,534 0 69.0% 2.13 N/A PERFORMING PERFORM TO MATURITY
251 1,446,774 0 65.8% 0.86 N/A PERFORMING PERFORM TO MATURITY
252 1,489,625 0 73.3% 1.28 N/A PERFORMING PERFORM TO MATURITY
253 1,486,670 0 78.2% 1.55 N/A PERFORMING PERFORM TO MATURITY
254 1,484,508 0 70.7% 1.27 N/A PERFORMING PERFORM TO MATURITY
255 1,482,194 0 76.0% 1.25 N/A PERFORMING PERFORM TO MATURITY
256 1,463,570 0 69.7% 2.37 N/A PERFORMING PERFORM TO MATURITY
257 1,459,934 0 76.8% 1.49 N/A PERFORMING PERFORM TO MATURITY
258 1,442,367 0 75.9% 1.63 N/A PERFORMING PERFORM TO MATURITY
259 1,431,666 0 80.0% 1.49 N/A PERFORMING PERFORM TO MATURITY
260 1,420,245 0 71.0% 1.51 N/A PERFORMING PERFORM TO MATURITY
261 1,429,418 0 84.1% 1.45 N/A PERFORMING PERFORM TO MATURITY
262 1,420,118 0 71.0% 1.46 N/A PERFORMING PERFORM TO MATURITY
263 1,405,307 0 74.0% 1.51 N/A PERFORMING PERFORM TO MATURITY
264 1,391,388 0 73.2% 1.43 N/A PERFORMING PERFORM TO MATURITY
265 1,388,979 0 69.4% 1.50 N/A PERFORMING PERFORM TO MATURITY
266 1,347,979 0 79.3% 1.35 N/A PERFORMING PERFORM TO MATURITY
267 1,342,243 0 74.6% 1.47 N/A PERFORMING PERFORM TO MATURITY
268 1,338,026 0 58.8% 2.27 N/A PERFORMING PERFORM TO MATURITY
269 1,301,171 0 74.4% 1.70 N/A PERFORMING PERFORM TO MATURITY
270 1,284,516 0 51.4% 1.39 N/A PERFORMING PERFORM TO MATURITY
271 1,290,835 0 78.2% 1.53 N/A PERFORMING PERFORM TO MATURITY
272 1,286,549 0 73.5% 1.51 N/A PERFORMING PERFORM TO MATURITY
273 1,288,248 0 73.6% 1.49 N/A PERFORMING PERFORM TO MATURITY
274 1,283,926 0 70.2% 1.15 N/A PERFORMING PERFORM TO MATURITY
275 1,282,982 0 71.3% 1.69 N/A PERFORMING PERFORM TO MATURITY
276 1,271,122 0 79.4% 1.40 N/A PERFORMING PERFORM TO MATURITY
277 1,269,117 0 79.3% 1.63 N/A PERFORMING PERFORM TO MATURITY
278 1,254,187 0 77.2% 1.53 N/A PERFORMING PERFORM TO MATURITY
279 1,244,411 0 54.1% 2.20 N/A PERFORMING PERFORM TO MATURITY
280 1,243,402 0 76.5% 1.80 N/A PERFORMING PERFORM TO MATURITY
281 1,238,849 0 67.9% 1.56 N/A PERFORMING PERFORM TO MATURITY
282 1,229,402 0 76.4% 1.71 N/A PERFORMING PERFORM TO MATURITY
283 1,215,127 0 73.6% 1.88 N/A PERFORMING PERFORM TO MATURITY
284 1,203,047 0 75.2% 1.45 N/A PERFORMING PERFORM TO MATURITY
285 1,186,354 0 52.7% 1.66 N/A PERFORMING PERFORM TO MATURITY
286 1,182,199 0 38.9% 3.01 N/A PERFORMING PERFORM TO MATURITY
287 1,192,971 10 51.9% 2.74 N/A PERFORMING PERFORM TO MATURITY
288 1,192,971 10 59.6% 1.96 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>
289 1,192,469 0 64.5% 1.92 N/A PERFORMING PERFORM TO MATURITY
290 1,187,141 0 69.0% 1.78 N/A PERFORMING PERFORM TO MATURITY
291 1,186,653 0 71.9% 1.56 N/A PERFORMING PERFORM TO MATURITY
292 1,180,543 0 73.8% 1.55 N/A PERFORMING PERFORM TO MATURITY
293 1,184,279 0 73.6% 2.04 N/A PERFORMING PERFORM TO MATURITY
294 1,164,810 0 73.3% 1.42 N/A PERFORMING PERFORM TO MATURITY
295 1,124,232 0 78.9% 1.53 N/A PERFORMING PERFORM TO MATURITY
296 1,119,081 0 69.9% 1.44 N/A PERFORMING PERFORM TO MATURITY
297 1,094,194 0 79.6% 1.49 N/A PERFORMING PERFORM TO MATURITY
298 1,085,946 0 63.9% 1.66 N/A PERFORMING PERFORM TO MATURITY
299 1,076,909 0 74.3% 1.63 N/A PERFORMING PERFORM TO MATURITY
300 1,042,698 0 69.5% 1.64 N/A PERFORMING PERFORM TO MATURITY
301 1,032,090 0 59.0% 1.36 N/A PERFORMING PERFORM TO MATURITY
302 1,020,862 0 48.6% 3.06 N/A PERFORMING PERFORM TO MATURITY
303 1,018,996 10 63.7% 2.31 N/A PERFORMING PERFORM TO MATURITY
304 1,008,775 0 56.0% 1.57 N/A PERFORMING PERFORM TO MATURITY
305 991,591 0 72.6% 1.58 N/A PERFORMING PERFORM TO MATURITY
306 989,904 10 73.3% 1.81 N/A PERFORMING PERFORM TO MATURITY
307 987,590 0 31.4% 2.80 N/A PERFORMING PERFORM TO MATURITY
308 986,661 0 65.8% 1.94 N/A PERFORMING PERFORM TO MATURITY
309 971,668 0 79.3% 1.84 N/A PERFORMING PERFORM TO MATURITY
310 926,132 0 74.1% 1.98 N/A PERFORMING PERFORM TO MATURITY
311 909,495 0 75.8% 1.65 N/A PERFORMING PERFORM TO MATURITY
312 887,677 0 76.2% 1.42 N/A PERFORMING PERFORM TO MATURITY
313 890,417 0 74.2% 1.95 N/A PERFORMING PERFORM TO MATURITY
314 890,417 0 69.3% 1.33 N/A PERFORMING PERFORM TO MATURITY
315 889,598 0 32.3% 1.93 N/A PERFORMING PERFORM TO MATURITY
316 888,157 0 72.2% 1.26 N/A PERFORMING PERFORM TO MATURITY
317 874,944 0 72.9% 1.54 N/A PERFORMING PERFORM TO MATURITY
318 762,627 0 72.6% 1.42 N/A PERFORMING PERFORM TO MATURITY
319 703,436 0 43.4% 1.29 N/A PERFORMING PERFORM TO MATURITY
320 724,284 0 67.4% 2.13 N/A PERFORMING PERFORM TO MATURITY
321 710,812 10 64.6% 2.25 N/A PERFORMING PERFORM TO MATURITY
322 534,250 0 74.2% 1.51 N/A PERFORMING PERFORM TO MATURITY
- --- ------------- - ---- ---- --- ---------- -------------------
TOTAL 1,184,603,361
=============
</TABLE>
Page 22
<PAGE>
<TABLE>
MIDLAND LOAN SERVICES, L.P. - Master Servicer
Loan Portfolio Analysis System - Loan Terms
PORTFOLIO: COMMERCIAL MTGE ACCEPT CORP 1998 C1
REPORTING PERIOD: January, 1999
DATE PRINTED: 19-Jan-99
<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 41,761,709 4/9/98 5/1/28 352 7.020% F 279,991
002 19,987,591 9/28/71 10/1/11 153 8.750% F 232,485
003 10,265,009 12/15/78 1/1/14 153 9.000% F 104,294
004 4,702,260 12/29/97 1/1/18 108 7.870% F 39,762
005 4,359,387 12/29/97 1/1/18 108 7.870% F 36,862
006 4,016,514 12/29/97 1/1/18 108 7.870% F 33,963
007 3,232,804 12/29/97 1/1/18 108 7.870% F 27,336
008 2,865,440 12/29/97 1/1/18 108 7.870% F 24,230
009 2,537,635 12/29/97 1/1/14 108 7.870% F 24,034
010 2,742,985 12/29/97 1/1/18 108 7.870% F 23,194
011 17,858,699 4/10/98 5/1/28 352 7.440% F 124,772
012 15,029,185 2/17/98 3/1/23 290 7.770% F 115,010
013 14,885,134 4/1/98 4/1/28 111 7.250% F 102,173
014 11,057,680 2/23/82 7/1/28 114 7.390% F 76,777
015 3,237,955 6/19/98 7/1/28 114 7.390% F 22,482
016 3,689,345 1/23/98 2/1/18 109 7.850% F 31,100
017 3,336,110 1/23/98 2/1/18 109 7.850% F 28,122
018 2,502,082 1/22/98 2/1/18 109 7.850% F 21,092
019 2,478,479 2/12/98 3/1/18 110 7.850% F 20,844
020 2,060,538 1/23/98 2/1/18 109 7.850% F 17,370
021 13,411,732 12/22/97 1/1/28 168 7.390% F 93,552
022 13,246,932 2/27/98 3/1/18 110 6.910% F 103,937
023 13,270,940 5/13/98 6/1/28 41 6.900% F 87,857
024 12,682,690 5/15/98 6/1/28 113 6.820% F 83,290
025 11,854,058 12/30/97 1/1/23 288 7.910% F 91,904
026 11,042,937 4/22/98 5/1/28 112 7.400% F 76,854
027 11,034,199 4/7/98 5/1/28 352 7.100% F 74,568
028 11,027,623 2/6/98 3/1/28 110 7.400% F 76,854
029 10,934,294 4/9/98 5/1/23 136 7.520% F 81,617
030 10,771,556 5/26/98 6/1/23 113 7.540% F 80,463
031 10,430,819 2/25/98 3/1/28 110 7.360% F 72,414
032 10,136,574 2/20/98 3/1/28 170 7.580% F 71,879
033 10,029,175 1/14/98 2/1/28 349 7.010% F 67,363
034 9,955,691 5/26/98 6/1/28 113 6.970% F 66,329
035 7,463,976 3/5/98 4/1/23 291 7.160% F 54,063
036 2,435,196 3/5/98 4/1/23 291 7.160% F 17,639
037 9,713,783 12/16/97 1/1/28 108 7.180% F 66,389
038, 039, 9,437,047 3/2/98 4/1/28 111 6.960% F 62,949
041 9,148,023 1/1/92 1/1/02 36 10.250% A 78,139
042 8,737,279 9/18/97 10/1/27 225 8.300% F 66,610
043 8,524,867 12/8/97 1/1/28 348 7.210% F 58,434
044 5,746,752 6/2/98 7/1/28 114 7.160% F 39,010
045 2,768,799 6/2/98 7/1/28 114 7.160% F 18,795
046 8,332,956 1/22/98 2/1/28 73 7.280% F 57,474
047 8,193,212 2/23/98 3/1/28 110 7.190% F 55,944
048 8,154,134 5/22/98 6/1/28 353 7.220% F 55,772
049 7,935,830 3/17/98 4/1/23 111 7.790% F 60,637
050 7,920,827 3/4/98 4/1/23 111 7.260% F 57,876
051, 052, 7,900,234 1/20/98 2/1/23 109 7.330% F 58,238
055 7,700,385 2/25/98 3/2/28 134 7.470% F 54,030
056 7,614,677 2/10/98 3/1/23 110 7.190% F 55,359
057 7,599,306 3/16/98 4/1/28 111 6.960% F 50,690
058 7,295,059 8/14/97 9/1/17 224 7.900% F 62,267
059 7,285,375 2/24/98 3/1/28 110 7.180% F 49,697
060 7,147,353 2/24/98 3/1/28 110 6.950% F 47,660
061 6,951,447 2/6/98 3/2/28 110 7.160% F 47,326
062 6,906,612 1/27/98 2/1/23 109 6.940% F 49,207
063 6,856,803 3/18/98 4/1/28 351 7.190% F 46,790
064 6,765,570 5/27/98 6/1/28 113 6.990% F 45,195
065 6,710,841 3/2/98 4/1/28 111 7.490% F 47,151
066, 067, 6,630,753 5/20/98 6/1/28 113 7.200% F 45,226
069 6,605,957 2/24/98 3/1/28 350 7.340% F 45,771
070 6,460,417 3/2/98 4/1/28 111 7.300% F 44,562
071 6,399,107 12/31/97 2/1/28 109 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 6,364,943 3/20/98 4/1/28 111 7.710% F 45,674
073 6,200,629 3/24/98 4/1/23 111 7.870% F 47,702
074 6,120,214 12/18/97 1/1/23 108 7.600% F 46,222
075 6,094,660 2/3/98 3/1/23 110 7.420% F 45,202
076 5,955,139 2/4/98 3/1/28 110 6.860% F 39,356
077 5,752,425 1/2/98 2/1/28 349 7.160% F 39,213
078 5,626,656 1/20/98 2/1/23 289 7.150% F 40,833
079 5,550,770 3/7/98 4/1/23 111 7.880% F 42,777
080 5,495,320 1/30/98 2/1/18 229 7.890% F 46,458
081 5,450,229 2/17/98 3/1/18 230 7.220% F 43,765
082 5,436,052 2/26/98 3/1/28 110 7.060% F 36,646
083 5,352,817 3/2/98 3/1/18 230 7.550% F 44,072
084 5,360,959 5/26/98 6/1/23 113 7.540% F 40,046
085 5,369,750 4/28/98 5/1/28 112 7.070% F 36,181
086 5,333,850 7/31/97 8/1/27 103 7.910% F 39,285
087 5,176,008 2/4/98 3/1/28 110 6.860% F 34,207
088 5,130,626 1/27/98 2/1/23 109 6.940% F 36,554
089 5,015,727 5/28/98 6/1/28 113 7.190% F 34,177
090 4,976,980 6/15/98 7/1/28 174 6.640% F 32,065
091 4,974,432 5/14/98 6/1/28 113 6.950% F 33,097
092 4,939,693 1/27/98 2/1/23 109 7.520% F 37,015
093 4,931,503 12/29/97 1/1/23 168 7.250% F 36,140
094 4,924,817 9/9/97 10/1/22 285 8.600% F 40,599
095 4,846,105 2/4/98 3/1/28 230 7.510% F 34,134
096 4,790,425 3/12/98 4/1/28 111 7.270% F 32,946
097 4,772,419 4/20/98 5/1/28 172 6.970% F 31,838
098 4,663,102 12/10/97 1/1/28 348 7.660% F 33,380
099 4,610,272 11/10/97 12/1/27 107 7.590% F 32,801
100 4,606,129 2/3/98 3/1/28 110 6.840% F 30,380
101 4,561,559 4/3/98 5/1/23 112 7.440% F 33,814
102 4,559,153 12/18/97 1/1/28 108 7.140% F 31,038
103 2,683,012 3/24/98 4/1/28 351 7.170% F 18,272
104 1,788,675 3/20/98 4/1/28 351 7.170% F 12,182
105 4,460,791 11/25/97 12/1/27 167 7.510% F 31,495
106 4,371,268 3/12/98 4/1/28 135 7.020% F 29,332
107 4,356,617 3/18/98 4/1/23 111 7.280% F 31,889
108 4,368,606 1/7/98 2/1/28 349 7.420% F 30,525
109 4,331,041 3/17/98 4/1/18 171 7.470% F 35,365
110 4,316,752 12/30/97 1/1/28 168 7.770% F 31,224
111 4,187,785 12/30/97 1/1/10 132 7.430% F 46,264
112 4,265,655 11/17/97 12/1/27 347 7.860% F 31,133
113 4,194,552 1/12/98 2/1/23 109 7.070% F 30,228
114 4,174,436 2/19/98 3/1/28 350 7.660% F 29,829
115 4,170,720 2/4/98 3/1/28 350 7.140% F 28,339
116 4,158,564 2/17/98 3/1/28 110 7.430% F 29,062
117 4,059,156 1/23/98 6/1/24 305 7.860% F 30,764
118 4,063,380 2/12/98 3/1/28 110 7.030% F 27,293
119 3,977,016 4/20/98 5/1/28 112 6.970% F 26,532
120 3,970,093 2/4/98 3/1/28 110 6.860% F 26,237
121 3,934,263 3/13/98 4/1/18 230 7.120% F 31,301
122 3,914,321 4/7/98 5/1/28 352 6.960% F 26,087
123 3,799,646 12/30/97 1/1/23 288 7.510% F 28,476
124 3,800,960 4/29/98 5/1/28 112 7.050% F 25,543
125 3,757,185 12/31/97 1/1/23 108 8.320% F 30,139
126 3,596,944 2/12/98 3/1/18 230 7.530% F 29,552
127 3,613,218 3/2/98 4/1/28 111 6.930% F 24,030
128 3,583,026 4/2/98 5/1/28 112 7.270% F 24,607
129 3,571,888 3/26/98 4/1/23 111 7.930% F 27,619
130 3,556,080 12/19/97 1/1/23 288 7.450% F 26,487
131 3,551,722 12/29/97 1/1/23 228 7.370% F 26,300
132 3,540,862 3/30/98 4/1/23 111 7.450% F 26,303
133 3,496,392 11/7/97 12/1/27 347 7.760% F 25,314
134 3,470,688 12/30/97 1/1/28 108 7.390% F 24,209
135 3,454,542 12/24/97 1/1/23 108 8.050% F 27,130
136 3,401,459 10/31/96 11/1/16 214 8.150% F 30,195
137 3,285,015 5/6/98 6/1/28 113 7.420% F 22,894
138 3,271,775 4/7/98 5/1/23 112 7.320% F 24,002
139 3,268,667 3/23/98 4/1/23 111 7.480% F 24,344
140 3,226,016 11/15/93 12/1/14 191 8.625% F 32,052
141 3,251,009 12/19/97 1/1/28 348 7.160% F 22,176
142 3,230,158 3/5/98 4/1/28 111 7.290% F 22,259
</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>
143 3,195,504 1/14/98 2/1/23 289 6.770% F 22,426
144 3,186,486 6/2/98 7/1/28 113 6.980% F 21,247
145 3,172,143 3/4/98 4/1/23 111 7.930% F 24,550
146 3,155,998 10/9/97 11/1/22 105 8.100% F 24,910
147 3,109,400 4/27/98 5/1/28 52 7.510% F 21,872
148 3,082,108 2/25/98 3/1/28 110 7.510% F 21,697
149 3,072,336 3/20/98 4/1/23 111 7.220% F 22,347
150 3,025,940 12/23/97 1/1/28 348 7.640% F 21,619
151 2,976,218 3/29/96 4/1/21 87 7.750% F 23,416
152 2,980,650 3/2/98 4/1/28 111 7.070% F 20,100
153 2,982,276 2/11/98 3/1/28 170 7.770% F 21,534
154 2,970,032 3/27/98 4/1/23 111 7.210% F 21,607
155 2,947,300 12/30/97 1/1/28 168 7.770% F 21,319
156, 157 2,912,773 2/1/98 3/1/23 110 7.420% F 21,603
158 2,802,883 1/30/98 2/1/08 109 6.920% F 34,709
159 2,871,833 3/4/98 4/1/23 291 7.360% F 21,167
160 2,785,453 4/1/98 5/1/28 112 7.360% F 19,310
161 2,782,992 2/27/98 4/1/28 111 7.310% F 19,215
162 2,771,922 6/2/98 3/1/23 170 7.710% F 21,076
163 2,763,470 1/29/98 2/1/23 109 7.070% F 19,915
164 2,654,242 2/17/98 3/1/18 74 8.450% F 23,303
165 2,642,793 1/30/98 2/1/18 229 7.220% F 21,291
166 2,652,127 6/25/97 7/1/22 102 8.780% F 22,253
167 2,633,862 3/19/98 4/1/28 111 7.300% F 18,168
168 2,591,276 1/23/97 2/1/17 97 8.375% F 23,218
169 2,578,001 10/17/97 11/1/27 106 7.990% F 19,060
170 2,559,455 6/4/97 7/1/22 102 8.720% F 21,323
171 2,543,442 5/15/98 6/1/18 113 7.370% F 20,540
172 2,559,359 3/30/98 4/1/28 111 7.310% F 17,671
173 2,464,200 3/20/98 4/1/08 111 7.010% F 30,202
174 2,530,834 1/16/98 2/1/23 289 7.840% F 19,488
175 2,533,416 2/25/98 3/1/28 350 7.410% F 17,673
176 2,505,759 1/30/98 2/1/18 229 7.220% F 20,187
177 2,472,449 3/17/98 4/1/13 171 7.590% F 23,676
178 2,503,427 11/3/97 11/1/27 107 7.590% F 17,811
179 2,495,538 1/30/98 2/1/23 109 7.210% F 18,186
180 2,487,984 4/17/98 5/1/28 111 7.650% F 17,738
181 2,471,959 1/6/98 2/1/23 169 7.440% F 18,377
182 2,360,217 10/26/93 11/1/08 118 8.500% F 29,542
183 2,418,959 2/9/98 3/1/28 110 6.790% F 15,874
184 2,406,683 1/5/98 2/1/18 109 8.310% F 20,968
185 2,384,405 3/23/98 4/1/28 111 7.040% F 16,032
186 2,382,755 2/5/98 3/1/28 110 7.020% F 16,000
187 2,336,437 3/4/98 4/1/28 111 7.510% F 16,448
188 2,321,224 2/12/98 3/1/18 110 7.870% F 19,549
189 2,323,960 2/20/98 3/1/23 290 7.190% F 16,895
190 2,320,488 1/29/98 2/1/23 109 7.290% F 17,047
191 2,320,334 1/27/98 2/1/23 109 7.260% F 17,001
192 2,299,792 11/22/95 12/1/20 83 8.000% F 18,524
193 2,280,517 4/8/98 5/1/23 112 7.370% F 16,803
194 2,283,098 2/25/98 3/1/28 110 6.930% F 15,194
195 2,258,881 10/31/96 7/1/16 210 8.290% F 20,414
196 2,270,660 1/6/98 2/1/23 85 7.200% F 16,551
197 2,254,562 1/5/98 2/1/23 109 7.960% F 17,539
198 2,241,128 3/13/98 5/1/18 231 6.900% F 17,502
199 2,223,005 1/29/98 2/1/23 109 7.550% F 16,701
200 2,220,147 12/2/97 1/1/23 288 7.430% F 16,525
201 2,189,252 4/17/98 5/1/28 112 7.590% F 15,519
202 2,167,718 8/1/97 8/1/17 223 8.730% F 19,678
203 2,159,367 3/5/98 4/1/28 231 7.240% F 14,808
204 2,126,211 1/16/92 2/1/12 37 10.250% F 24,541
205 2,145,018 2/27/98 3/1/28 110 7.160% F 14,603
206 2,107,986 1/15/98 2/1/18 229 7.550% F 17,386
207 2,107,413 12/26/97 1/1/28 108 7.440% F 14,771
208 2,094,810 2/27/97 3/1/17 218 8.290% F 18,587
209 2,085,253 3/4/98 4/1/28 111 6.720% F 13,579
210 2,078,818 2/19/98 3/1/23 110 7.680% F 15,766
211 2,070,117 9/8/97 10/1/22 105 8.250% F 16,557
212 1,342,924 2/12/98 3/1/23 110 7.180% F 9,755
213 675,153 2/12/98 3/1/23 110 7.180% F 4,899
</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>
214 2,017,072 2/18/98 3/1/28 110 7.490% F 14,180
215 2,009,308 3/24/98 4/1/23 111 7.970% F 15,589
216 1,991,801 9/16/97 10/1/22 105 8.350% F 16,062
217 1,985,062 5/28/98 6/1/23 113 7.370% F 14,611
218 1,973,756 4/20/98 5/1/18 232 7.810% F 16,493
219 1,980,574 3/12/98 4/1/23 111 7.360% F 14,598
220 1,982,051 2/6/98 3/1/23 171 7.770% F 15,133
221 1,913,724 6/12/98 7/1/23 114 6.810% F 13,373
222 1,916,917 2/13/98 3/1/28 110 7.250% F 13,166
223 1,877,694 2/12/98 3/1/23 170 6.880% F 13,284
224 1,866,120 12/19/97 1/1/28 108 7.610% F 13,287
225 1,840,376 3/13/98 5/1/18 231 6.950% F 14,427
226 1,837,054 2/6/98 3/1/28 110 7.125% F 12,464
227 1,836,083 12/31/97 1/1/28 72 7.280% F 12,672
228 1,824,532 12/22/97 1/1/23 108 7.680% F 13,889
229 1,816,691 11/7/97 12/1/22 107 8.080% F 14,299
230 1,806,632 3/26/98 4/1/18 231 7.570% F 14,861
231 1,237,629 3/31/98 4/1/23 111 7.260% F 9,043
232 544,557 3/31/98 4/1/23 111 7.260% F 3,979
233 1,781,546 3/11/98 4/1/23 291 7.070% F 12,803
234 1,779,424 1/26/98 2/1/23 109 7.330% F 13,103
235 1,725,874 4/20/98 6/1/18 233 7.460% F 14,055
236 1,731,473 2/11/98 3/2/23 110 7.430% F 12,853
237 1,727,372 2/18/98 3/1/28 230 6.980% F 11,553
238 1,720,350 12/22/97 1/1/20 108 7.510% F 13,565
239 1,681,304 2/24/98 3/1/23 110 7.230% F 12,266
240 1,650,215 10/1/97 10/1/17 225 7.850% F 14,003
241 1,653,010 11/25/97 12/1/22 287 7.890% F 12,806
242 1,625,885 11/12/97 12/1/22 107 7.830% F 12,550
243 1,617,673 1/9/98 2/1/18 229 7.530% F 13,323
244 1,588,096 1/9/98 2/1/18 229 7.490% F 13,041
245 1,584,195 3/24/98 4/1/23 111 7.270% F 11,586
246 1,585,858 12/19/97 1/1/28 348 7.160% F 10,817
247 1,564,941 3/30/98 4/1/23 111 7.460% F 11,635
248 1,539,189 6/12/98 7/1/23 114 6.810% F 10,768
249 1,538,268 2/9/98 3/1/28 110 6.810% F 10,115
250 1,518,534 3/6/98 4/1/18 111 8.310% F 13,180
251 1,446,774 2/26/98 3/1/08 110 7.210% F 17,989
252 1,489,625 1/21/98 2/1/23 109 7.280% F 10,922
253 1,486,670 4/9/98 5/1/23 112 7.120% F 10,717
254 1,484,508 3/3/98 4/1/23 291 7.030% F 10,630
255 1,482,194 1/12/98 2/1/23 289 7.610% F 11,192
256 1,463,570 3/24/98 4/1/23 111 7.970% F 11,355
257 1,459,934 3/2/98 4/1/23 111 7.090% F 10,510
258 1,442,367 4/30/98 5/1/28 112 7.310% F 9,951
259 1,431,666 11/17/97 12/1/22 107 8.090% F 11,278
260 1,420,245 1/20/98 2/1/18 229 7.170% F 11,390
261 1,429,418 2/6/98 3/1/28 350 6.930% F 9,513
262 1,420,118 2/26/98 3/2/23 110 7.200% F 10,333
263 1,405,307 3/26/98 4/1/23 111 7.020% F 10,054
264 1,391,388 3/12/98 4/1/28 351 7.260% F 9,560
265 1,388,979 1/12/98 2/1/28 109 7.340% F 9,636
266 1,347,979 12/18/97 1/1/28 348 7.160% F 9,195
267 1,342,243 4/20/98 5/1/28 112 6.970% F 8,954
268 1,338,026 4/20/98 5/1/23 112 7.130% F 9,654
269 1,301,171 12/31/97 1/1/23 108 7.020% F 9,346
270 1,284,516 2/26/98 3/1/13 170 7.230% F 12,081
271 1,290,835 5/15/98 6/1/23 113 7.670% F 9,751
272 1,286,549 3/26/98 1/1/23 111 7.020% F 9,205
273 1,288,248 12/3/97 1/1/28 108 7.600% F 9,179
274 1,283,926 12/9/97 1/1/23 288 7.820% F 9,879
275 1,282,982 12/24/97 1/1/23 108 8.000% F 10,034
276 1,271,122 2/2/98 3/1/28 110 7.160% F 8,654
277 1,269,117 3/5/98 4/1/23 111 8.050% F 9,922
278 1,254,187 3/13/98 4/1/18 230 7.170% F 10,016
279 1,244,411 4/29/98 5/1/28 112 7.910% F 9,094
280 1,243,402 4/14/98 5/1/28 232 7.300% F 8,570
281 1,238,849 4/15/98 5/1/23 112 7.100% F 8,915
282 1,229,402 3/25/98 4/1/18 230 7.100% F 9,766
283 1,215,127 12/15/97 1/1/28 228 8.180% F 9,143
</TABLE>
Page 26
<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>
284 1,203,047 4/20/98 5/1/28 112 6.970% F 8,026
285 1,186,354 1/13/94 2/1/14 26 8.000% F 11,292
286 1,182,199 1/13/94 2/1/14 26 7.750% F 11,083
287 1,192,971 6/12/98 7/1/23 114 6.810% F 8,336
288 1,192,971 6/12/98 7/1/23 114 6.810% F 8,336
289 1,192,469 3/12/98 4/1/28 111 7.180% F 8,129
290 1,187,141 4/28/98 5/1/18 112 8.320% F 10,278
291 1,186,653 2/3/98 3/1/23 290 7.170% F 8,612
292 1,180,543 3/13/98 4/1/18 230 7.220% F 9,463
293 1,184,279 1/16/98 2/1/23 109 7.420% F 8,806
294 1,164,810 5/5/98 6/1/28 114 7.510% F 8,189
295 1,124,232 12/19/97 1/1/23 108 7.650% F 8,536
296 1,119,081 1/21/98 2/1/19 109 7.280% F 8,842
297 1,094,194 4/14/98 5/1/28 232 7.300% F 7,541
298 1,085,946 12/23/97 1/1/23 108 7.640% F 8,229
299 1,076,909 12/29/97 1/1/18 228 7.640% F 8,956
300 1,042,698 5/5/98 6/1/23 173 7.740% F 7,924
301 1,032,090 12/8/97 1/1/28 72 7.790% F 7,479
302 1,020,862 1/27/98 2/1/28 109 6.810% F 6,722
303 1,018,996 6/12/98 7/1/23 114 6.810% F 7,121
304 1,008,775 12/29/97 1/1/18 228 7.780% F 8,475
305 991,591 3/17/98 4/1/23 111 7.540% F 7,416
306 989,904 2/19/98 3/1/23 110 7.150% F 7,164
307 987,590 12/23/97 1/1/23 108 7.800% F 7,586
308 986,661 12/23/97 1/1/23 108 7.400% F 7,325
309 971,668 3/5/98 4/1/23 111 8.050% F 7,596
310 926,132 1/29/98 2/1/23 109 7.490% F 6,922
311 909,495 2/25/98 3/1/23 110 7.030% F 6,520
312 887,677 4/20/98 6/1/18 233 7.510% F 7,256
313 890,417 2/19/98 3/1/23 110 7.400% F 6,592
314 890,417 2/25/98 3/1/23 110 7.400% F 6,592
315 889,598 1/16/98 2/1/23 133 7.760% F 6,804
316 888,157 1/30/98 2/1/23 289 7.020% F 6,373
317 874,944 4/20/98 5/1/28 112 6.970% F 5,837
318 762,627 12/22/97 1/1/28 108 7.600% F 5,428
319 703,436 4/24/96 5/1/06 88 8.000% F 10,495
320 724,284 12/23/97 1/1/23 108 7.500% F 5,423
321 710,812 6/12/98 7/1/23 114 6.810% F 4,967
322 534,250 2/27/98 3/1/23 110 7.400% F 3,955
- -- ------------- ------- ------ --- ------ - ------
TOTAL 1,184,603,361
=============
</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: January, 1999
DATE PRINTED: 19-Jan-99
<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 1982 N/A 285,887 56,000,000 03/10/98 MAI APPRAISAL
002 1 RETAIL SAN JOSE CA 95101 1971 N/A 960,222 60,000,000 04/15/98 MAI APPRAISAL
003 1 RETAIL SAN JOSE CA 95101 1971 N/A 960,222 60,000,000 05/13/98 MAI APPRAISAL
004 1 LODGING BEAVERTON OR 97006 1997 98 62,339 6,800,000 10/06/97 MAI APPRAISAL
005 1 LODGING VANCOUVER WA 98684 1996 98 N/A 6,300,000 10/08/97 MAI APPRAISAL
006 1 LODGING SALEM OR 97302 1990 88 47,252 5,700,000 09/30/97 MAI APPRAISAL
007 1 LODGING LAKE OSWEGO OR 97034 1993 62 37,540 4,400,000 10/02/97 MAI APPRAISAL
008 1 LODGING TIGARD OR 97223 1995 56 33,350 3,900,000 10/06/97 MAI APPRAISAL
009 1 LODGING EUGENE OR 97403 1994 97 57,020 4,600,000 09/30/97 MAI APPRAISAL
010 1 LODGING WILSONVILLE OR 97070 1997 56 33,979 3,775,000 10/02/97 MAI APPRAISAL
011 1 RETAIL SAN DIEGO CA 92130 1990 N/A 137,522 24,500,000 02/18/98 MAI APPRAISAL
012 1 RETAIL SHREWSBURY NJ 07702 1970 33 224,963 19,800,000 12/23/97 MAI APPRAISAL
013 1 RETAIL SCOTTSDALE AZ 85255 1996 N/A 110,302 21,300,000 10/08/97 MAI APPRAISAL
014 1 RETAIL MOUNT HOPE WV 25880 1982 N/A 450,329 23,000,000 04/14/98 PROSPECTUS
015 1 RETAIL BECKLEY WV 25700 1982 N/A 450,329 23,000,000 04/14/98 MAI APPRAISAL
016 1 LODGING COLORADO SPRINGS CO 80906 1996 72 52,080 5,700,000 12/24/97 MAI APPRAISAL
017 1 LODGING COLORADO SPRINGS CO 80906 1996 85 39,510 5,000,000 12/24/97 MAI APPRAISAL
018 1 LODGING KANSAS CITY MO 64153 1995 85 39,510 3,850,000 12/24/97 MAI APPRAISAL
019 1 LODGING OLATHE KS 66062 1995 85 39,510 3,880,000 12/24/97 MAI APPRAISAL
020 1 LODGING BRANSON MO 65616 1994 85 N/A 4,200,000 12/17/97 MAI APPRAISAL
021 1 RETAIL RIVERSIDE CA 92507 1997 N/A 101,148 17,000,000 08/18/97 MAI APPRAISAL
022 1 MULTI-FAMILY CHARLOTTE NC 28273 1995 420 N/A 23,435,000 02/04/98 PROSPECTUS
023 1 RETAIL MT LAUREL NJ 08054 1997 N/A 89,411 17,000,000 02/06/98 MAI APPRAISAL
024 1 MULTI-FAMILY GREENVILLE NC 27835 1988 360 N/A 17,000,000 04/07/98 MAI APPRAISAL
025 1 LODGING INDIANAPOLIS IN 46268 1985 221 N/A 20,000,000 09/30/97 MAI APPRAISAL
026 1 RETAIL OXNARD CA 93030 1988 12 105,083 14,800,000 01/09/98 MAI APPRAISAL
027 1 OFFICE SAN FRANCISCO CA 94103 1997 N/A 131,637 17,800,000 12/26/97 PROSPECTUS
028 1 INDUSTRIAL CARPINTERIA CA 93013 1989 N/A 88,223 14,900,000 10/13/97 MAI APPRAISAL
029 1 OFFICE TUKWILA WA 98168 1987 N/A 172,516 14,700,000 10/01/97 MAI APPRAISAL
030 1 LODGING BEDFORD PARK IL 60638 1990 167 87,556 15,500,000 02/26/98 MAI APPRAISAL
031 1 OFFICE MALDEN MA 02108 1988 N/A 171,898 18,800,000 12/02/97 MAI APPRAISAL
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 1987 18 12,910 630,000 11/04/97 MAI APPRAISAL
033 2 MULTI-FAMILY CONCORD NH 03301 1920 21 18,700 795,000 11/04/97 MAI APPRAISAL
033 3 MULTI-FAMILY CONCORD NH 03301 1985 66 45,110 2,180,000 11/04/97 MAI APPRAISAL
033 4 MULTI-FAMILY CONCORD NH 03301 1987 67 51,468 2,475,000 11/04/97 MAI APPRAISAL
033 5 MULTI-FAMILY CONCORD NH 03301 1986 24 N/A 715,000 11/04/97 MAI APPRAISAL
033 6 MULTI-FAMILY CONCORD NH 03301 1988 21 17,930 925,000 11/04/97 MAI APPRAISAL
033 7 MULTI-FAMILY CONCORD NH 03301 1972 120 94,073 3,850,000 11/04/97 MAI APPRAISAL
033 8 MULTI-FAMILY CONCORD NH 03246 1973 42 N/A 1,075,000 11/06/97 MAI APPRAISAL
034 1 OFFICE ATLANTA GA 30328 1996 N/A 83,558 13,500,000 04/06/98 MAI APPRAISAL
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 1994 N/A 75,441 12,000,000 01/01/98 PROSPECTUS
038, 0 1, MULTI-FAMILY MORGANTOWN WV 26505 1991 120 99,360 6,666,230 01/09/98 MAI APPRAISAL
038, 0 2, MULTI-FAMILY MORGANTOWN WV 26505 1971 95 78,624 3,731,260 01/09/98 MAI APPRAISAL
038, 0 3, MULTI-FAMILY MORGANTOWN WV 26505 1985 59 45,000 2,302,510 01/09/98 MAI APPRAISAL
041 1 OTHER ULSTER NY 12487 1981 N/A 201,612 13,000,000 04/17/98 PROSPECTUS
042 1 RETAIL ST PETERSBURG FL 33710 1990 7 12,040 12,010,000 07/15/97 PROSPECTUS
042 2 RETAIL ST PETERSBURG FL 33710 1971 2 3,614 N/A N/A N/A
042 3 RETAIL ST PETERSBURG FL 33710 1990 2 4,750 N/A N/A N/A
042 4 RETAIL ST PETERSBURG FL 33710 1989 5 8,400 N/A N/A N/A
042 5 RETAIL ST PETERSBURG FL 33710 1990 4 11,180 N/A N/A N/A
042 6 RETAIL ST PETERSBURG FL 33710 1954 2 3,825 N/A N/A N/A
042 7 RETAIL ST PETERSBURG FL 33710 1980 6 8,070 N/A N/A N/A
042 8 RETAIL ST PETERSBURG FL 33710 1988 2 7,800 N/A N/A N/A
042 9 RETAIL ST PETERSBURG FL 33710 1988 1 7,900 N/A N/A N/A
042 10 RETAIL ST PETERSBURG FL 33710 1988 2 16,000 N/A N/A N/A
042 11 RETAIL TAMPA FL 33757 1991 1 800 N/A N/A N/A
042 12 RETAIL BRANDENTON FL 33700 1989 1 7,000 N/A N/A N/A
042 13 RETAIL TAMPA FL 33757 1981 1 2,000 N/A N/A N/A
042 14 RETAIL TAMPA FL 33757 1987 1 5,033 N/A N/A N/A
043 1 MULTI-FAMILY FLORENCE KY 41042 1990 264 N/A 10,750,000 05/23/97 PROSPECTUS
044 1 WAREHOUSE OLIVE BRANCH MS 38654 1992 N/A 372,875 10,025,000 04/09/98 MAI APPRAISAL
045 1 WAREHOUSE OLIVE BRANCH MS 38654 1992 N/A 193,800 5,275,000 04/09/98 MAI APPRAISAL
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 1974 N/A 448,461 11,350,000 11/10/97 MAI APPRAISAL
048 1 OFFICE HOBOKEN NJ 07030 1987 19 92,771 11,500,000 03/31/98 MAI APPRAISAL
</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>
049 1 MULTI-FAMILY LAS VEGAS NV 89109 1985 398 138,717 15,830,000 12/08/97 MAI APPRAISAL
050 1 MIXED USE BERKELEY CA 94123 1927 N/A 252,766 12,000,000 10/28/97 MAI APPRAISAL
051, 0 1, WAREHOUSE COPPELL TX 75019 1987 770 87,080 4,400,000 11/21/97 APPRAISAL
051, 0 2, WAREHOUSE ARLINGTON TX 76012 1985 424 49,630 2,539,500 11/20/97 APPRAISAL
051, 0 3, WAREHOUSE MIDLAND TX 79705 1996 381 48,650 2,100,000 11/23/97 APPRAISAL
051, 0 4, WAREHOUSE MIDLAND TX 79703 1984 626 92,857 3,100,000 11/23/97 APPRAISAL
055 1 OFFICE SAN DIEGO CA 92101 1985 N/A 78,502 9,725,000 11/26/97 PROSPECTUS
056 1 OFFICE BARRINTON IL 60010 1988 N/A 99,267 10,930,000 01/01/98 MAI APPRAISAL
057 1 MULTI-FAMILY SACRAMENTO CA 95826 1988 240 N/A 11,040,000 12/02/97 MAI APPRAISAL
058 1 WAREHOUSE SYOSSET NY 11791 1962 N/A 260,870 10,400,000 08/01/97 MAI APPRAISAL
059 1 MULTI-FAMILY DAVIS CA 95616 1991 112 132,744 9,170,000 11/14/97 MAI APPRAISAL
060 1 MULTI-FAMILY WILSON NC 27893 1977 376 395,972 9,500,000 11/12/97 MAI APPRAISAL
061 1 RETAIL ASPEN CO 81611 1982 N/A 28,450 13,100,000 12/09/97 PROSPECTUS
062 1 MULTI-FAMILY INDIANAPOLIS IN 46201 1972 240 272,880 8,800,000 12/04/97 MAI APPRAISAL
063 1 OFFICE TAMPA FL 33619 1981 N/A 97,740 8,855,000 11/27/97 PROSPECTUS
064 1 MULTI-FAMILY SAN JOSE CA 95121 1981 106 75,645 9,100,000 02/09/98 MAI APPRAISAL
065 1 RETAIL POWAY CA 92064 1986 N/A 100,972 9,100,000 01/05/98 PROSPECTUS
066, 0 1, MULTI-FAMILY ERLANGER KY 41018 1974 153 130,959 3,600,000 12/17/97 MAI APPRAISAL
066, 0 2, MULTI-FAMILY CINCINNATI OH 45223 1973 100 248,582 3,150,000 12/15/97 MAI APPRAISAL
066, 0 3, MULTI-FAMILY BURLINGTON KY 41005 1975 129 24,000 2,875,000 12/17/97 MAI APPRAISAL
069 1 MULTI-FAMILY TAMPA FL 33940 1972 296 N/A 8,880,000 12/22/97 MAI APPRAISAL
070 1 MANUFACTURED STOCKTON CA 95208 1972 256 327,600 8,830,000 11/21/97 APPRAISAL
071 1 MULTI-FAMILY OAKLAND CA 94606 1976 178 149,084 8,100,000 10/01/97 MAI APPRAISAL
072 1 RETAIL RANCHO SANTA FE CA 92111 1987 50 52,146 9,330,000 12/02/97 PROSPECTUS
073 1 MULTI-FAMILY LAS VEGAS NV 89101 1979 305 98,688 8,810,000 12/05/97 MAI APPRAISAL
074 1 MULTI-FAMILY ST LOUIS MO 63125 1966 304 258,560 8,400,000 10/15/97 MAI APPRAISAL
075 1 LODGING LIVERMORE CA 94550 1970 125 N/A 8,800,000 11/21/97 MAI APPRAISAL
076 1 MULTI-FAMILY TULSA OK 74136 1973 284 605,920 8,250,000 11/04/97 PROSPECTUS
077 1 MANUFACTURED BEACH PARK IL 60099 1987 208 N/A 7,400,000 09/28/97 PROSPECTUS
078 1 OFFICE LOUISVILLE KY 40202 1911 N/A 173,999 7,900,000 10/23/97 PROSPECTUS
079 1 LODGING PALM SPRINGS CA 92264 1972 255 133,600 10,500,000 01/28/98 MAI APPRAISAL
080 1 HEALTH CARE EL CAJON CA 95217 1986 305 79,212 14,000,000 10/20/97 MAI APPRAISAL
081 1 RETAIL WILMINGTON NC 28405 1997 N/A 73,260 7,515,000 11/17/97 MAI APPRAISAL
082 1 RETAIL LAKE ISABELLA CA 93240 1986 N/A 128,245 7,300,000 12/05/97 PROSPECTUS
083 1 LODGING MILLBRAE CA 94030 1986 100 42,053 8,400,000 05/15/97 MAI APPRAISAL
084 1 LODGING BEDFORD PARK IL 60638 1995 120 130,680 9,500,000 02/26/98 MAI APPRAISAL
085 1 MULTI-FAMILY COLLEGE PARK GA 30349 1987 168 161,200 7,100,000 03/25/98 MAI APPRAISAL
086 1 RETAIL MONROVIA CA 90071 1985 N/A 43,530 7,000,000 07/01/97 PROSPECTUS
087 1 MULTI-FAMILY TULSA OK 74135 1971 384 456,944 6,775,000 11/04/97 PROSPECTUS
088 1 MULTI-FAMILY OMAHA NE 68137 1973 148 178,648 6,500,000 12/01/97 MAI APPRAISAL
089 1 OFFICE PEMBROKE PARK FL 33026 1988 N/A 164,565 6,300,000 01/14/98 MAI APPRAISAL
090 1 MULTI-FAMILY NEW MILFORD NJ 07646 1997 200 151,360 10,850,000 03/04/98 PROSPECTUS
091 1 OFFICE SANTA BARBARA CA 93105 1973 N/A 34,983 7,280,000 11/12/97 MAI APPRAISAL
092 1 MIXED USE DALLAS TX 75228 1955 N/A 197,365 6,900,000 12/01/97 MAI APPRAISAL
093 1 WAREHOUSE BELLEVUE WA 98005 1978 1,146 102,078 8,650,000 11/28/97 PROSPECTUS
094 1 RETAIL NASHVILLE TN 37203 1969 N/A 445,250 6,900,000 06/12/97 PROSPECTUS
095 1 RETAIL MADISON HEIGHTS MI 48071 1996 N/A 45,520 6,150,000 01/14/98 MAI APPRAISAL
096 1 MULTI-FAMILY PONTOON BEACH IL 62040 1990 128 115,188 6,100,000 01/23/98 MAI APPRAISAL
097 1 MULTI-FAMILY BRUNSWICK OH 44212 1973 246 192,732 6,500,000 02/12/98 MAI APPRAISAL
098 1 OFFICE RIVER EDGE NJ 07661 1987 N/A 70,000 6,000,000 11/07/97 MAI APPRAISAL
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 141 100,297 7,620,000 11/17/97 PROSPECTUS
101 1 LODGING AUSTIN TX 78753 1968 188 N/A 7,600,000 01/29/98 MAI APPRAISAL
102 1 RETAIL BELLEVUE WA 98005 1977 N/A 58,996 6,950,000 10/20/97 MAI APPRAISAL
103 1 MULTI-FAMILY HUDSON FL 34667 1985 136 N/A 3,650,000 01/07/98 MAI APPRAISAL
104 1 MULTI-FAMILY PORT RICHEY FL 34668 1985 92 N/A 2,750,000 01/07/98 MAI APPRAISAL
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 1986 114 71,328 6,500,000 10/26/97 MAI APPRAISAL
107 1 RETAIL MCMURRAY PA 15317 1997 N/A 44,800 5,500,000 02/21/98 PROSPECTUS
108 1 RETAIL CARAOPOLIS PA 15108 1989 N/A 47,363 5,850,000 10/03/97 PROSPECTUS
109 1 INDUSTRIAL HOUSTON TX 77027 1997 N/A 72,296 5,500,000 12/15/97 MAI APPRAISAL
110 1 MULTI-FAMILY MURFREESBORO TN 37130 1997 144 141,880 5,550,000 12/16/97 PROSPECTUS
111 1 OFFICE LUBBOCK TX 79407 1997 N/A 67,808 6,540,000 12/17/97 PROSPECTUS
112 1 RETAIL STUART FL 34996 1975 36 78,783 7,000,000 09/01/97 PROSPECTUS
113 1 MULTI-FAMILY TROTWOOD OH 45426 1974 312 225,186 6,800,000 12/06/97 PROSPECTUS
114 1 RETAIL SILVER SPRINGS MD 20904 1987 N/A 43,828 5,600,000 08/28/97 PROSPECTUS
115 1 HEALTH CARE MILCREEK PA 16506 1991 64 80,886 5,300,000 12/17/97 PROSPECTUS
116 1 MULTI-FAMILY PHILADELPHIA PA 19151 1964 158 132,988 5,300,000 11/12/97 APPRAISAL
117 1 RETAIL YORBA LINDA CA 92687 1997 N/A 46,449 5,200,000 11/19/97 MAI APPRAISAL
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 1994 52 106,745 5,000,000 12/12/97 MAI APPRAISAL
</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>
120 1 MULTI-FAMILY TULSA OK 74105 1971 180 N/A 5,200,000 11/04/97 PROSPECTUS
121 1 MULTI-FAMILY ALEXANDRIA LA 71303 1974 229 N/A 5,000,000 12/04/97 PROSPECTUS
122 1 MULTI-FAMILY SAN FRANCISCO CA 94109 1931 57 N/A 6,030,000 12/17/97 PROSPECTUS
123 1 MIXED USE CARPENTERSVILLE IL 60110 1988 N/A 82,103 5,500,000 11/11/97 MAI APPRAISAL
124 1 MULTI-FAMILY ATLANTA GA 30309 1996 56 64,940 5,300,000 02/16/98 MAI APPRAISAL
125 1 LODGING LOUISVILLE KY 40220 1997 144 35,568 5,600,000 10/08/97 MAI APPRAISAL
126 1 RETAIL DUBUQUE IA 52002 1990 N/A 67,326 6,175,000 01/09/98 PROSPECTUS
127 1 MULTI-FAMILY GLENDORA CA 91740 1963 98 64,559 4,860,000 12/23/97 MAI APPRAISAL
128 1 OFFICE WILMINGTON NC 28403 1993 22 62,474 4,970,000 01/07/98 MAI APPRAISAL
129 1 INDUSTRIAL AVENEL NJ 07001 1970 N/A 160,254 4,800,000 12/05/97 UNDERWRITERS
130 1 RETAIL BALTIMORE MD 21224 1987 N/A 56,109 4,800,000 07/25/97 MAI APPRAISAL
131 1 MULTI-FAMILY HUMBLE TX 77346 1984 141 127,500 4,650,000 11/20/97 MAI APPRAISAL
132 1 OFFICE CORNING NY 14830 1989 N/A 42,187 4,770,000 11/13/97 PROSPECTUS
133 1 RETAIL BRUNSWICK OH 44212 1975 N/A 128,369 5,000,000 07/02/97 PROSPECTUS
134 1 RETAIL PHILADELPHIA PA 19114 1962 N/A 71,358 5,100,000 09/18/97 PROSPECTUS
135 1 OFFICE CARAOPOLIS PA 15108 1978 N/A 53,510 5,000,000 06/11/97 MAI APPRAISAL
136 1 RETAIL LOUISVILLE KY 40207 1996 N/A 13,905 4,340,000 12/07/97 MAI APPRAISAL
137 1 OFFICE ATLANTA GA 30338 1974 N/A 71,063 4,550,000 04/02/98 UNDERWRITERS
138 1 RETAIL GRANDVIEW MO 64030 1987 N/A 94,047 4,600,000 02/05/98 MAI APPRAISAL
139 1 OFFICE CITY OF INDUSTRY CA 91745 1959 N/A 49,280 4,650,000 10/29/97 PROSPECTUS
140 1 RETAIL WENATCHEE WA 98801 1993 N/A 61,761 5,000,000 10/22/93 MAI APPRAISAL
141 1 MANUFACTURED DIAMOND IL 60416 1966 242 N/A 4,100,000 10/13/97 PROSPECTUS
142 1 MULTI-FAMILY LYNNWOOD WA 98036 1980 64 71,824 4,075,000 12/03/97 MAI APPRAISAL
143 1 MIXED USE PHILADELPHIA PA 19102 1936 58 46,000 3,650,000 10/21/97 MAI APPRAISAL
144 1 RETAIL NAPA CA 94558 1998 N/A 65,379 6,100,000 01/23/98 MAI APPRAISAL
145 1 RETAIL MIAMISBURG OH 45342 1987 N/A 76,128 4,300,000 10/10/97 MAI APPRAISAL
146 1 RETAIL SAN DIEGO CA 92111 1974 N/A 49,953 5,480,000 08/29/97 MAI APPRAISAL
147 1 RETAIL PAGE AZ 86040 1991 N/A 81,519 5,100,000 03/16/98 MAI APPRAISAL
148 1 OFFICE WAYNE NJ 07470 1986 N/A 33,453 4,200,000 11/25/97 MAI APPRAISAL
149 1 MULTI-FAMILY LANHAM MD 20737 1965 142 116,176 4,050,000 02/06/98 MAI APPRAISAL
150 1 RETAIL KENDALL FL 33173 1985 N/A 23,864 3,800,000 10/01/97 MAI APPRAISAL
151 1 INDUSTRIAL PHOENIX AZ 85040 1981 N/A 136,572 4,150,000 06/25/96 MAI APPRAISAL
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 1993 128 N/A 3,550,000 12/09/97 MAI APPRAISAL
154 1 RETAIL FALL RIVER MA 02720 1955 N/A 45,000 4,000,000 01/07/98 MAI APPRAISAL
155 1 MULTI-FAMILY MARION OH 43302 1992 116 N/A 3,750,000 12/09/97 PROSPECTUS
156, 1 1 RETAIL SAN ANTONIO TX 78201 1978 N/A 31,488 2,000,000 01/19/98 MAI APPRAISAL
156, 1 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 5,100,000 11/17/97 MAI APPRAISAL
159 1 MULTI-FAMILY MANCHESTER CT 06040 1967 105 93,450 3,800,000 02/20/98 PROSPECTUS
160 1 OTHER SAN FRANCISCO CA 94965 1919 N/A 46,707 4,500,000 01/23/98 MAI APPRAISAL
161 1 MULTI-FAMILY ODESSA TX 79762 1983 196 N/A 3,600,000 01/10/98 MAI APPRAISAL
162 1 LODGING ALAMOGORDO NM 88310 1958 100 N/A 4,000,000 11/24/97 MAI APPRAISAL
163 1 MULTI-FAMILY COLUMBUS OH 43229 1995 134 N/A 4,500,000 01/02/98 PROSPECTUS
164 1 LODGING CHANDLER AZ 85226 1995 66 N/A 3,650,000 01/08/98 MAI APPRAISAL
165 1 MULTI-FAMILY SHREVEPORT LA 71105 1968 129 120,560 3,400,000 11/17/97 MAI APPRAISAL
166 1 INDUSTRIAL MELROSE PARK IL 60160 1992 14 149,348 3,675,000 04/16/97 PROSPECTUS
166 2 INDUSTRIAL MELROSE PARK IL 60160 1992 N/A 149,348 N/A N/A N/A
167 1 RETAIL AMELIA VA 23002 1990 N/A 65,450 3,400,000 11/19/97 MAI APPRAISAL
168 1 RETAIL KISSIMMEE FL 34741 1967 N/A 81,120 5,600,000 10/09/96 MAI APPRAISAL
169 1 RETAIL SAN JOSE CA 95113 1988 N/A 16,443 3,550,000 08/19/97 MAI APPRAISAL
170 1 RETAIL INDIANAPOLIS IN 46268 1988 N/A 51,028 3,710,000 04/15/97 PROSPECTUS
171 1 RETAIL BANNER ELK NC 28604 1996 N/A 39,714 3,250,000 04/07/98 MAI APPRAISAL
172 1 RETAIL TAYLORSVILLE UT 84118 1984 N/A 45,803 3,600,000 11/04/97 MAI APPRAISAL
173 1 MANUFACTURED LOS ANGELES CA 90272 1962 158 N/A 9,100,000 12/19/97 PROSPECTUS
174 1 RETAIL SPRINGDALE OH 45246 1990 N/A 23,552 3,200,000 10/06/97 PROSPECTUS
175 1 MULTI-FAMILY MILLCREEK TWNSHP PA 16506 1995 49 N/A 3,700,000 10/20/97 PROSPECTUS
176 1 MULTI-FAMILY PINEVILLE LA 71360 1995 152 N/A 3,200,000 11/17/97 MAI APPRAISAL
177 1 RETAIL JAMESTOWN NY 14701 1956 N/A 59,640 3,740,000 08/04/97 PROSPECTUS
178 1 MULTI-FAMILY MARIETTA GA 30354 1966 104 N/A 3,300,000 09/22/97 MAI APPRAISAL
179 1 RETAIL ARCATA CA 95521 1979 N/A 98,975 4,230,000 11/10/97 MAI APPRAISAL
180 1 RETAIL KANNAPOLIS NC 28081 1989 N/A 47,940 3,180,000 03/10/98 PROSPECTUS
181 1 MULTI-FAMILY OKLAHOMA CITY OK 73107 1968 114 89,900 3,810,000 11/12/97 PROSPECTUS
182 1 RETAIL SHREVEPORT LA 71101 1955 N/A 124,957 4,700,000 06/30/93 MAI APPRAISAL
183 1 MULTI-FAMILY WOODLAND CA 95695 1986 72 59,000 3,250,000 12/23/97 MAI APPRAISAL
184 1 LODGING DENVER CO 80216 1969 106 N/A 3,500,000 10/31/97 MAI APPRAISAL
185 1 RETAIL FALLBROOK CA 92028 1985 N/A 30,263 3,200,000 12/02/97 MAI APPRAISAL
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 1988 N/A 21,732 3,150,000 12/04/97 MAI APPRAISAL
188 1 RETAIL FRESNO CA 93726 1978 9 46,807 3,150,000 10/21/97 MAI APPRAISAL
189 1 MANUFACTURED JACKSON NJ 08527 1978 160 N/A 3,900,000 09/03/97 MAI APPRAISAL
190 1 WAREHOUSE SPRINGFIELD VA 22150 1960 N/A 70,670 3,150,000 12/13/97 MAI APPRAISAL
</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>
191 1 MULTI-FAMILY OVERLAND PARK KS 66212 1967 80 82,850 3,100,000 12/01/97 MAI APPRAISAL
192 1 RETAIL MELROSE PARK IL 60160 1990 N/A 87,000 3,245,000 09/29/95 MAI APPRAISAL
193 1 MIXED USE DUXBURY MA 02332 1984 N/A 36,504 3,100,000 02/06/98 MAI APPRAISAL
194 1 MULTI-FAMILY ATLANTA GA 30303 1929 35 34,380 2,875,000 11/26/97 MAI APPRAISAL
195 1 RETAIL TULSA OK 74136 1996 N/A 13,905 2,990,000 12/07/97 MAI APPRAISAL
196 1 MULTI-FAMILY HOUSTON TX 77080 1962 122 111,842 2,980,000 11/03/97 PROSPECTUS
197 1 LODGING DENVER CO 80204 1963 N/A 57,374 3,500,000 11/13/97 MAI APPRAISAL
198 1 MULTI-FAMILY ALEXANDRIA LA 71303 1995 119 N/A 3,000,000 12/04/97 PROSPECTUS
199 1 RETAIL GREENVILLE SC 29605 1988 N/A 23,276 3,000,000 11/21/97 MAI APPRAISAL
200 1 WAREHOUSE LOUISVILLE KY 40216 1986 644 67,575 3,250,000 09/18/97 PROSPECTUS
201 1 RETAIL NATCHEZ MS 39120 1982 N/A 92,580 2,820,000 11/26/97 PROSPECTUS
202 1 RETAIL HOUSTON TX 77077 1984 N/A 75,620 4,100,000 03/31/97 MAI APPRAISAL
203 1 RETAIL LAKELAND FL 33801 1997 N/A 15,930 3,450,000 02/12/98 MAI APPRAISAL
204 1 OFFICE ENGLEWOOD CLIFFS NJ 07632 1964 N/A 55,013 5,275,000 01/03/92 MAI APPRAISAL
205 1 MULTI-FAMILY COLORADO SPRINGS CO 80917 1972 102 55,915 2,700,000 01/28/98 MAI APPRAISAL
206 1 MIXED USE NASHUA NH 03060 1986 N/A 10,938 3,000,000 12/01/97 PROSPECTUS
206 2 RETAIL NASHUA NH 03060 1986 N/A 12,224 N/A N/A N/A
206 3 RETAIL NASHUA NH 03060 1986 N/A 12,224 N/A N/A N/A
207 1 RETAIL MILFORD CT 06460 1988 N/A 83,161 2,975,000 10/21/97 MAI APPRAISAL
208 1 RETAIL AKRON OH 44310 1996 N/A 16,500 2,710,000 12/07/97 MAI APPRAISAL
209 1 MULTI-FAMILY ORANGE PARK FL 32073 1974 104 80,440 2,800,000 01/15/98 MAI APPRAISAL
210 1 MIXED USE BEVERLY FARMS MA 01915 1960 N/A 32,543 2,800,000 12/12/97 MAI APPRAISAL
211 1 RETAIL SANTA CLARITA CA 91380 1989 N/A 41,896 2,800,000 07/15/97 PROSPECTUS
212 1 MANUFACTURED WHITEHALL MI 49451 1956 104 2,144,023 1,780,000 12/29/97 MAI APPRAISAL
213 1 MANUFACTURED ALBION MI 49224 1972 73 N/A 1,000,000 12/29/97 MAI APPRAISAL
214 1 MANUFACTURED UPLAND CA 91786 1980 69 N/A 2,940,000 01/12/98 APPRAISAL
215 1 MULTI-FAMILY LAS VEGAS NV 89101 1980 129 34,776 3,000,000 12/05/97 MAI APPRAISAL
216 1 RETAIL BAKERSFIELD CA 93301 1985 N/A 40,687 2,560,000 08/04/97 MAI APPRAISAL
217 1 RETAIL ASHLAND MA 01721 1980 N/A 34,021 3,100,000 03/11/98 MAI APPRAISAL
218 1 LODGING KANSAS CITY MO 64153 1986 59 N/A 2,700,000 02/03/98 MAI APPRAISAL
219 1 OFFICE WAYNE MI 48184 1990 N/A 59,200 3,200,000 01/28/98 PROSPECTUS
220 1 INDUSTRIAL RANCHO DOMINGUEZ CA 90220 1986 N/A 36,526 2,800,000 09/10/97 UNDERWRITERS
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 1974 N/A 52,217 3,100,000 10/30/97 MAI APPRAISAL
223 1 MULTI-FAMILY ST LOUIS PARK MN 55430 1994 120 75,600 3,400,000 12/30/97 MAI APPRAISAL
224 1 OFFICE PHOENIX AZ 85148 1985 N/A 31,530 2,550,000 11/10/97 MAI APPRAISAL
225 1 MULTI-FAMILY WEST MONROE LA 71402 1991 120 N/A 2,335,000 11/17/97 MAI APPRAISAL
226 1 MULTI-FAMILY MARINA CA 93933 1979 47 N/A 2,550,000 11/03/97 PROSPECTUS
227 1 MULTI-FAMILY PHOENIX AZ 85023 1984 55 51,425 2,330,000 10/30/97 PROSPECTUS
228 1 INDUSTRIAL AUSTIN TX 78721 1996 N/A 52,707 2,550,000 09/18/97 PROSPECTUS
229 1 OFFICE LOS GATOS CA 95032 1976 N/A 19,961 2,480,000 08/13/97 MAI APPRAISAL
230 1 RETAIL CHATHAM NJ 07928 1960 N/A 39,070 2,450,000 12/22/97 MAI APPRAISAL
231 1 MANUFACTURED CANON CITY CO 81212 1974 139 N/A 2,145,000 03/15/98 MAI APPRAISAL
232 1 MANUFACTURED FLORENCE CO 81226 1971 66 N/A 924,000 03/15/98 MAI APPRAISAL
233 1 MANUFACTURED BOWLING GREEN OH 43402 1989 179 N/A 2,950,000 12/10/97 MAI APPRAISAL
234 1 RETAIL IDAHO FALLS ID 83404 1995 N/A 17,436 2,520,000 12/02/97 PROSPECTUS
235 1 RETAIL ROCKVILLE MD 20850 1968 N/A 22,926 3,900,000 03/03/98 PROSPECTUS
236 1 RETAIL PHOENIX AZ 85712 1987 N/A 27,459 2,600,000 12/17/97 PROSPECTUS
237 1 RETAIL ARLINGTON TX 76010 1996 1 13,905 2,800,000 01/06/98 MAI APPRAISAL
238 1 RETAIL NEW BERN NC 28560 1990 N/A 24,000 2,200,000 11/12/97 PROSPECTUS
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 1997 N/A 11,180 2,260,000 02/13/97 MAI APPRAISAL
241 1 MIXED USE PORTLAND ME 04101 1912 N/A 41,860 2,235,000 09/23/97 PROSPECTUS
242 1 RETAIL GAINESVILLE GA 30501 1984 16 63,361 3,725,000 06/24/97 MAI APPRAISAL
243 1 WAREHOUSE SPRINGFIELD OR 97477 1994 420 59,385 2,460,000 12/03/97 PROSPECTUS
244 1 WAREHOUSE MEDFORD OR 97501 1980 719 95,150 2,417,000 10/25/97 PROSPECTUS
245 1 RETAIL LILBURN GA 30087 1986 N/A 24,135 2,150,000 02/03/98 MAI APPRAISAL
246 1 MANUFACTURED SENECA IL 61360 1974 124 N/A 2,000,000 10/13/97 PROSPECTUS
247 1 RETAIL BALTIMORE MD 21206 1950 N/A 37,090 2,110,000 02/12/98 MAI APPRAISAL
248 1 MULTI-FAMILY VERMILION OH 44089 1973 102 88,460 2,600,000 11/04/97 MAI APPRAISAL
249 1 MULTI-FAMILY DAYTON OH 45419 1976 57 52,534 1,950,000 12/02/97 PROSPECTUS
250 1 LODGING KISSIMMEE FL 34746 1984 60 31,650 2,200,000 01/01/98 MAI APPRAISAL
251 1 OFFICE ESTACADA OR 97023 1984 N/A 15,220 2,200,000 02/10/98 MAI APPRAISAL
252 1 OFFICE URBANDALE IA 50322 1995 3 18,881 2,032,000 12/15/97 MAI APPRAISAL
253 1 MULTI-FAMILY ROWLETT TX 75088 1984 28 34,900 1,900,000 02/06/98 PROSPECTUS
254 1 MULTI-FAMILY FITCHBURG MA 01420 1967 90 91,260 2,100,000 12/18/97 PROSPECTUS
255 1 OFFICE MIDDLETOWN RI 02840 1970 1 10,567 1,950,000 10/14/97 MAI APPRAISAL
256 1 MULTI-FAMILY LAS VEGAS NV 89101 1978 75 21,000 2,100,000 11/25/97 PROSPECTUS
257 1 MULTI-FAMILY SENECA SC 29678 1970 80 70,050 1,900,000 01/07/98 PROSPECTUS
258 1 MULTI-FAMILY PHOENIX AZ 85009 1981 42 33,516 1,900,000 03/16/98 MAI APPRAISAL
259 1 RETAIL WOODSTOCK GA 30188 1989 13 28,000 1,790,000 08/25/97 MAI APPRAISAL
260 1 OFFICE BRIGHAM CITY UT 84302 1978 N/A 19,807 2,000,000 11/25/97 PROSPECTUS
</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>
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 1972 104 61,650 2,000,000 12/04/97 PROSPECTUS
263 1 INDUSTRIAL ORION TOWNSHIP MI 48360 1997 N/A 28,635 1,900,000 11/26/97 PROSPECTUS
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 1991 N/A 26,970 2,000,000 11/21/97 PROSPECTUS
266 1 MANUFACTURED MANTENO IL 60950 1966 108 N/A 1,700,000 10/13/97 PROSPECTUS
267 1 MULTI-FAMILY BEAVER PA 15057 1977 35 32,581 1,800,000 12/12/97 MAI APPRAISAL
268 1 OFFICE COLUMBUS GA 31904 1988 N/A 29,596 2,275,000 02/19/98 MAI APPRAISAL
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 1985 N/A 44,350 2,500,000 01/05/98 PROSPECTUS
271 1 RETAIL SPARTANBURG SC 29302 1959 N/A 20,884 1,650,000 12/10/97 MAI APPRAISAL
272 1 INDUSTRIAL LAKE ORION MI 48360 1997 N/A 27,685 1,750,000 11/26/97 PROSPECTUS
273 1 RETAIL HOUSTON TX 77021 1997 N/A 9,600 1,750,000 10/17/97 MAI APPRAISAL
274 1 WAREHOUSE HOBBS NM 88240 1985 541 93,000 1,830,000 09/24/97 PROSPECTUS
275 1 OFFICE MINNEAPOLIS MN 55401 1926 N/A 24,300 1,800,000 11/01/97 MAI APPRAISAL
276 1 MULTI-FAMILY NORTHRIDGE CA 91325 1968 36 28,669 1,600,000 12/10/97 MAI APPRAISAL
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 1972 80 N/A 1,625,000 12/04/97 PROSPECTUS
279 1 OFFICE LAWRENCE MA 01840 1905 N/A 75,363 2,300,000 12/15/97 MAI APPRAISAL
280 1 MULTI-FAMILY GLASTONE MO 64118 1965 80 51,135 1,625,000 02/23/98 PROSPECTUS
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 1,610,000 12/04/97 PROSPECTUS
283 1 RETAIL PALM HARBOR FL 34684 1987 N/A 13,858 1,650,000 10/17/97 MAI APPRAISAL
284 1 MULTI-FAMILY ALIQUIPPA PA 15001 1984 31 36,440 1,600,000 12/12/97 MAI APPRAISAL
285 1 OFFICE GREENSBORO NC 27407 1981 N/A 67,950 2,250,000 07/12/93 MAI APPRAISAL
286 1 OFFICE GREENSBORO NC 27407 1982 N/A 80,410 3,040,000 11/29/93 MAI APPRAISAL
287 1 MULTI-FAMILY HURON OH 44839 1974 96 75,270 2,300,000 11/04/97 MAI APPRAISAL
288 1 MULTI-FAMILY ELYRIA OH 44035 1975 90 63,228 2,000,000 11/04/97 MAI APPRAISAL
289 1 RETAIL LAGUNA HILLS CA 92653 1997 6 7,505 1,850,000 04/11/97 PROSPECTUS
290 1 HEALTH CARE FAYETTEVILLE NC 28306 1967 47 14,610 1,720,000 02/06/98 MAI APPRAISAL
291 1 MULTI-FAMILY WYLIE TX 75098 1984 76 N/A 1,650,000 12/11/97 PROSPECTUS
292 1 MULTI-FAMILY SHREVEPORT LA 71105 1970 110 83,820 1,600,000 12/23/97 MAI APPRAISAL
293 1 MANUFACTURED BRAINTREE VT 05060 1969 96 N/A 1,610,000 09/09/97 MAI APPRAISAL
294 1 INDUSTRIAL LAFAYETTE CA 80026 1997 N/A 16,760 1,590,000 04/30/98 MAI APPRAISAL
295 1 MULTI-FAMILY BASTROP TX 78602 1986 56 55,512 1,425,000 10/16/97 MAI APPRAISAL
296 1 OFFICE DES MOINES IA 50313 1994 N/A 41,600 1,600,000 11/25/97 PROSPECTUS
297 1 MULTI-FAMILY GLADSTONE MO 64118 1965 56 51,440 1,375,000 02/23/98 PROSPECTUS
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 1980 N/A 15,275 1,450,000 11/24/97 MAI APPRAISAL
300 1 OFFICE LONGWOOD FL 32750 1983 N/A 39,800 1,500,000 03/18/98 PROSPECTUS
301 1 MULTI-FAMILY SEATTLE WA 98121 1990 31 14,386 1,750,000 10/02/97 MAI APPRAISAL
302 1 MULTI-FAMILY DAYTON OH 45419 1966 67 56,549 2,100,000 12/02/97 MAI APPRAISAL
303 1 MULTI-FAMILY NORWALK OH 44857 1979 72 49,540 1,600,000 11/05/97 MAI APPRAISAL
304 1 WAREHOUSE ALBANY OR 97321 1990 419 51,750 1,800,000 12/12/97 PROSPECTUS
305 1 RETAIL UNION NY 13790 1960 N/A 22,799 1,365,000 12/01/97 PROSPECTUS
305 2 OFFICE VESTAL NY 13850 1979 N/A 4,200 N/A N/A N/A
306 1 RETAIL DECATUR GA 30035 1977 N/A 17,527 1,350,000 02/02/98 MAI APPRAISAL
307 1 OFFICE CLAYTON MO 63105 1964 N/A 43,107 3,150,000 10/16/97 MAI APPRAISAL
308 1 MULTI-FAMILY BELLEFONTAINE MO 63137 1966 60 49,700 1,500,000 10/30/97 MAI APPRAISAL
309 1 RETAIL MESA AZ 85203 1981 21 16,000 1,225,000 01/16/98 MAI APPRAISAL
310 1 MULTI-FAMILY HOUSTON TX 77266 1962 37 29,407 1,250,000 12/20/97 MAI APPRAISAL
311 1 MULTI-FAMILY ARLINGTON TX 76010 1985 91 50,881 1,200,000 11/17/97 PROSPECTUS
312 1 RETAIL BOWIE MD 20715 1997 1 10,315 1,165,000 03/05/98 PROSPECTUS
313 1 MULTI-FAMILY PHOENIX AZ 85015 1984 54 26,424 1,200,000 12/05/97 MAI APPRAISAL
314 1 MULTI-FAMILY PHOENIX AZ 85016 1967 54 42,141 1,285,000 12/18/97 MAI APPRAISAL
315 1 OFFICE ST LOUIS MO 63112 1925 N/A 22,564 2,750,000 06/16/97 PROSPECTUS
316 1 MULTI-FAMILY MANCHESTER NH 03101 1986 32 27,310 1,230,000 11/25/97 MAI APPRAISAL
317 1 MULTI-FAMILY PITTSBURGH PA 15285 1971 36 28,464 1,200,000 12/12/97 MAI APPRAISAL
318 1 RETAIL BAYTOWN TX 77522 1997 N/A 8,368 1,050,000 12/04/97 PROSPECTUS
319 1 INDUSTRIAL ADDISON IL 60101 1974 N/A 45,000 1,620,000 02/08/96 MAI APPRAISAL
320 1 MULTI-FAMILY ST LOUIS MO 63114 1966 44 29,216 1,075,000 10/30/97 MAI APPRAISAL
321 1 MULTI-FAMILY ORRVILLE OH 44667 1972 54 42,747 1,100,000 11/17/97 MAI APPRAISAL
322 1 MULTI-FAMILY NORMAN OK 73069 1974 40 22,750 720,000 11/19/97 PROSPECTUS
</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: January, 1999
DATE PRINTED: 19-Jan-99
<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 5,382,671 12/31/97 FILE 1,390,867 7/1/98 9/30/98 BORROWER 99.6% 10/29/98
002 1 7,064,914 12/31/97 FILE 4,277,311 1/1/98 9/30/98 BORROWER 73.5% 9/30/98
003 1 4,275,094 12/31/97 FILE 2,184,946 1/1/98 9/30/98 BORROWER 73.5% 9/30/98
004 1 1,278,605 9/30/98 SUB-SERVICER N/A N/A N/A N/A 84.9% 9/30/98
005 1 1,040,592 9/30/98 SUB-SERVICER N/A N/A N/A N/A 72.8% 9/30/98
006 1 928,019 9/30/98 SUB-SERVICER N/A N/A N/A N/A 82.2% 9/30/98
007 1 739,036 9/30/98 SUB-SERVICER N/A N/A N/A N/A 88.0% 9/30/98
008 1 658,206 9/30/98 SUB-SERVICER N/A N/A N/A N/A 82.3% 9/30/98
009 1 992,779 9/30/98 SUB-SERVICER N/A N/A N/A N/A 87.2% 9/30/98
010 1 304,781 9/30/98 SUB-SERVICER N/A N/A N/A N/A 69.9% 9/30/98
011 1 1,977,217 12/31/97 PROSPECTUS 1,788,863 1/1/98 9/30/98 BORROWER 95.4% 9/17/98
012 1 1,949,575 12/31/97 BORROWER 1,288,598 1/1/98 9/30/98 BORROWER 98.1% 10/21/98
013 1 678,455 12/31/97 PROSPECTUS N/A N/A N/A N/A 97.0% 4/20/98
014 1 1,970,900 12/31/97 FILE 974,958 5/15/98 9/30/98 BORROWER 91.8% 10/29/98
015 1 1,049,581 12/31/97 FILE 591,073 5/15/98 9/30/98 BORROWER 91.8% 10/29/98
016 1 656,976 12/31/97 BORROWER 666,497 1/1/98 9/30/98 BORROWER 70.6% 11/27/98
017 1 664,144 12/31/97 BORROWER 599,259 1/1/98 9/30/98 BORROWER 54.2% 11/27/98
018 1 505,607 12/31/97 BORROWER 370,028 1/1/98 9/30/98 BORROWER 79.5% 10/30/98
019 1 561,623 12/31/97 BORROWER 357,792 1/1/98 9/30/98 BORROWER 84.8% 11/27/98
020 1 552,897 12/31/97 BORROWER 297,656 1/1/98 9/30/98 BORROWER 81.1% 11/27/98
021 1 1,566,759 7/1/98 PROSPECTUS 483,401 1/1/98 6/30/98 BORROWER 97.8% 9/1/98
022 1 1,748,048 12/31/97 PROSPECTUS 1,574,967 1/1/98 11/30/98 BORROWER 93.8% 11/30/98
023 1 1,677,690 N/A UNDERWRITER 383,214 1/1/98 3/31/98 FILE 100.0% 1/1/98
024 1 1,799,691 12/31/97 PROSPECTUS 187,472 11/1/98 11/30/98 BORROWER 95.6% 11/30/98
025 1 2,018,552 12/31/96 BORROWER 1,723,149 1/1/98 6/30/98 BORROWER 65.2% 3/31/98
026 1 1,364,190 N/A UNDERWRITER 1,074,865 1/1/98 9/30/98 BORROWER 97.1% 9/30/98
027 1 1,252,189 12/31/97 PROSPECTUS 912,069 1/1/98 9/30/98 BORROWER 99.8% 11/1/98
028 1 1,235,603 N/A UNDERWRITER 936,370 2/1/98 9/30/98 BORROWER 100.0% 11/1/98
029 1 1,449,417 12/31/97 BORROWER 1,280,819 1/1/98 9/30/98 BORROWER 100.0% 10/31/98
030 1 2,172,430 N/A UNDERWRITER N/A N/A N/A N/A 90.1% 1/28/98
031 1 1,137,784 N/A UNDERWRITER N/A N/A N/A N/A 95.8% 4/1/98
032 1 643,604 12/31/97 BORROWER N/A N/A N/A N/A 100.0% 4/30/98
033 1 67,175 12/31/97 FILE 40,984 1/1/98 9/30/98 BORROWER 94.4% 11/30/98
033 2 80,589 12/31/97 FILE 54,683 1/1/98 9/30/98 BORROWER 100.0% 11/30/98
033 3 221,844 12/31/97 FILE 148,303 1/1/98 9/30/98 BORROWER 100.0% 11/30/98
033 4 271,819 12/31/97 FILE 195,909 1/1/98 9/30/98 BORROWER 100.0% 11/30/98
033 5 61,555 N/A UNDERWRITER 41,934 1/1/98 9/30/98 BORROWER 91.7% 11/30/97
033 6 100,066 12/31/97 FILE 69,847 1/1/98 9/30/98 BORROWER 100.0% 11/30/98
033 7 363,532 12/31/97 FILE 256,357 1/1/98 9/30/98 BORROWER 98.3% 11/30/98
033 8 117,662 N/A UNDERWRITER 17,867 1/1/98 9/30/98 BORROWER 95.2% 11/30/98
034 1 948,523 UNDERWRITER 918,238 1/1/98 9/30/98 BORROWER 92.3% 10/30/98
035 1 922,177 12/31/97 BORROWER 714,787 1/1/98 9/30/98 BORROWER 95.0% 8/1/98
036 1 479,112 12/31/97 BORROWER 342,003 1/1/98 9/30/98 BORROWER 96.1% 8/1/98
037 1 1,071,321 N/A UNDERWRITER 912,824 1/1/98 9/20/98 BORROWER 100.0% 9/30/98
038, 1 624,889 12/31/97 FILE 377,605 3/1/98 10/31/98 SUB-SERVICER 100.0% 9/30/98
038, 2 356,405 12/31/97 FILE 203,980 3/1/98 10/31/98 SUB-SERVICER 100.0% 9/30/98
038, 3 215,581 12/31/97 FILE 125,306 3/1/98 10/31/98 SUB-SERVICER 100.0% 9/30/98
041 1 1,621,268 12/31/97 BORROWER N/A N/A N/A N/A 82.6% 5/6/98
042 1 N/A N/A N/A 108,020 1/1/98 9/30/98 BORROWER 100.0% 1/1/98
042 2 N/A N/A N/A 35,813 1/1/98 9/30/98 BORROWER 100.0% 1/1/98
042 3 N/A N/A N/A 51,155 1/1/98 9/30/98 BORROWER 100.0% 5/1/98
</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 4 N/A N/A N/A 94,240 1/1/98 9/30/98 BORROWER 100.0% 5/1/98
042 5 N/A N/A N/A 94,794 1/1/98 9/30/98 BORROWER 75.0% 5/1/98
042 6 N/A N/A N/A 39,589 1/1/98 9/30/98 BORROWER 100.0% 5/1/98
042 7 N/A N/A N/A 97,263 1/1/98 9/30/98 BORROWER 100.0% 5/1/98
042 8 N/A N/A N/A 100,743 1/1/98 10/5/98 BORROWER 100.0% 5/1/98
042 9 N/A N/A N/A 97,395 1/1/98 9/30/98 BORROWER 100.0% 5/1/98
042 10 N/A N/A N/A 67,520 1/1/98 9/30/98 BORROWER 100.0% 5/1/98
042 11 N/A N/A N/A 21,285 1/1/98 10/5/98 BORROWER 100.0% 5/1/98
042 12 N/A N/A N/A 77,456 1/1/98 10/5/98 BORROWER 100.0% 5/1/98
042 13 N/A N/A N/A 18,804 1/1/98 9/30/98 BORROWER 100.0% 5/1/98
042 14 N/A N/A N/A 43,820 1/1/98 9/30/98 BORROWER 100.0% 5/1/98
043 1 1,050,175 12/31/97 BORROWER 782,953 1/1/98 9/30/98 BORROWER 94.0% 9/30/98
044 1 920,203 12/31/97 PROSPECTUS N/A N/A N/A N/A 100.0% 5/1/98
045 1 378,145 12/31/97 PROSPECTUS N/A N/A N/A N/A 100.0% 5/1/98
046 1 787,399 12/31/97 FILE 873,805 1/1/98 11/30/98 BORROWER 95.3% 9/30/98
047 1 1,071,244 7/1/98 PROSPECTUS 835,248 3/1/98 9/30/98 BORROWER 100.0% 9/30/98
048 1 1,211,817 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 5/1/98
049 1 1,500,673 12/31/97 BORROWER 753,480 1/1/98 9/30/98 BORROWER 82.9% 9/30/98
050 1 1,234,349 12/31/97 FILE N/A N/A N/A N/A 100.0% 11/1/97
051, 1 346,938 N/A UNDERWRITER 264,559 1/1/98 9/30/98 BORROWER 81.0% 10/28/98
051, 2 268,403 N/A UNDERWRITER 163,594 1/1/98 9/30/98 BORROWER 81.0% 10/28/98
051, 3 234,381 N/A UNDERWRITER 189,481 1/1/98 9/30/98 BORROWER 89.0% 10/28/98
051, 4 303,370 N/A UNDERWRITER 226,896 1/1/98 9/30/98 BORROWER 78.0% 10/28/98
055 1 1,035,905 12/31/97 BORROWER 817,092 1/1/98 9/30/98 BORROWER 89.4% 11/17/97
056 1 896,061 12/31/97 FILE 693,930 1/1/98 10/27/98 BORROWER 94.7% 1/16/98
057 1 954,605 12/31/97 FILE 792,521 1/1/98 9/30/98 BORROWER 98.3% 9/30/98
058 1 1,141,861 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 8/15/97
059 1 796,293 12/31/97 FILE 453,273 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
060 1 873,378 12/31/97 FILE N/A N/A N/A N/A 84.6% 2/19/98
061 1 1,135,394 12/31/97 FILE 876,264 1/1/98 9/30/98 BORROWER 95.4% 9/30/98
062 1 835,397 12/30/97 FILE 590,449 1/1/98 9/30/98 BORROWER 81.7% 9/30/98
063 1 814,824 N/A UNDERWRITER 653,990 1/1/98 9/30/98 PROPERTY 100.0% 10/1/98
064 1 786,939 12/31/97 BORROWER 688,517 1/1/98 9/30/98 BORROWER 97.2% 11/10/98
065 1 917,463 7/1/98 PROSPECTUS 520,451 1/1/98 9/30/98 SUB-SERVICER 96.2% 11/1/98
066, 1 252,631 12/31/97 PROSPECTUS N/A N/A N/A N/A 88.0% 3/31/98
066, 2 308,228 12/31/97 PROSPECTUS N/A N/A N/A N/A 85.6% 1/30/98
066, 3 198,456 12/31/97 PROSPECTUS N/A N/A N/A N/A 81.4% 1/30/98
069 1 956,355 12/31/97 FILE 610,338 1/1/98 9/30/98 PROPERTY 86.1% 10/19/98
070 1 687,105 N/A UNDERWRITER 368,032 1/1/98 6/30/98 BORROWER 96.9% 3/31/98
071 1 872,660 12/31/97 PROSPECTUS 661,450 1/1/98 9/30/98 BORROWER 99.4% 1/10/98
072 1 586,668 N/A UNDERWRITER 631,711 1/1/98 9/30/98 SUB-SERVICER 100.0% 11/2/98
073 1 1,072,282 N/A UNDERWRITER 517,355 1/1/98 9/30/98 BORROWER 88.8% 9/30/98
074 1 987,605 12/31/97 FILE 641,816 1/1/98 9/30/98 BORROWER 92.8% 9/30/98
075 1 986,380 12/31/97 PROSPECTUS 633,746 1/1/98 9/30/98 BORROWER 69.6% 12/31/97
076 1 793,956 N/A UNDERWRITER 735,559 1/1/98 9/30/98 BORROWER 94.0% 9/30/98
077 1 545,281 12/31/96 PNC 491,207 1/1/98 9/30/98 BORROWER 97.6% 9/30/98
078 1 779,232 12/31/97 BORROWER 222,668 1/1/98 3/31/98 BORROWER 92.0% 4/3/98
079 1 1,410,923 N/A UNDERWRITER 1,128,375 1/1/98 9/30/98 BORROWER 67.7% 10/30/98
080 1 1,541,174 6/30/98 BORROWER N/A N/A N/A N/A 94.1% 10/20/97
081 1 710,765 12/31/97 APPRAISAL N/A N/A N/A N/A 93.3% 1/1/98
082 1 656,798 12/31/97 FILE 583,348 1/1/98 9/30/98 BORROWER 97.7% 10/1/98
083 1 1,140,614 N/A UNDERWRITER N/A N/A N/A N/A 88.0% 12/31/97
084 1 1,522,604 N/A UNDERWRITER N/A N/A N/A N/A 91.5% 5/1/98
085 1 560,162 N/A UNDERWRITER 321,057 1/1/98 9/30/98 BORROWER 89.9% 9/30/98
086 1 593,682 N/A UNDERWRITER 452,205 1/1/98 9/30/98 BORROWER 79.8% 9/30/98
087 1 631,748 12/31/97 BORROWER 559,571 1/1/98 9/30/98 BORROWER 93.0% 9/30/98
</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>
088 1 685,489 12/31/97 BORROWER 447,871 1/1/98 9/30/98 BORROWER 94.0% 9/30/98
089 1 672,301 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 4/1/98
090 1 1,154,533 12/31/97 FILE 913,357 1/1/98 10/31/98 BORROWER 100.0% 9/30/98
091 1 589,086 N/A UNDERWRITER 463,990 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
092 1 895,082 12/31/97 FILE 419,060 1/1/98 9/30/98 BORROWER 86.0% 6/30/98
093 1 889,395 12/31/97 BORROWER 636,707 1/1/98 9/30/98 BORROWER 81.8% 9/30/98
094 1 683,909 12/31/97 FILE 596,390 1/1/98 9/30/98 BORROWER 100.0% 10/21/98
095 1 535,377 N/A UNDERWRITER 427,500 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
096 1 599,248 12/31/97 FILE N/A N/A N/A N/A 96.1% 1/30/98
097 1 648,137 N/A UNDERWRITER 392,979 1/1/98 9/30/98 BORROWER 78.9% 11/1/98
098 1 857,332 12/31/97 BORROWER 576,883 1/1/98 9/30/98 BORROWER 94.1% 11/1/98
099 1 441,820 12/31/96 FILE 311,181 1/1/98 6/30/98 BORROWER 97.2% 6/30/98
100 1 759,871 N/A UNDERWRITER 581,441 1/1/98 9/30/98 BORROWER 98.6% 9/30/98
101 1 939,455 N/A UNDERWRITER N/A N/A N/A N/A 82.4% 12/31/97
102 1 662,940 N/A UNDERWRITER 477,546 1/1/98 9/30/98 SUB-SERVICER 90.1% 9/30/98
103 1 324,079 12/31/97 BORROWER 289,497 1/1/98 9/30/98 PROPERTY 86.0% 10/22/98
104 1 278,290 12/31/97 FILE 186,916 1/1/98 9/30/98 PROPERTY 91.3% 10/22/98
105 1 541,287 12/31/97 BORROWER 398,135 1/1/98 9/30/98 BORROWER 100.0% 3/31/98
106 1 544,427 N/A UNDERWRITER N/A N/A N/A N/A 98.2% 2/3/98
107 1 534,918 7/1/98 BORROWER 427,480 1/1/98 9/30/98 SUB-SERVICER 94.2% 11/11/98
108 1 404,131 12/31/97 BORROWER 527,607 1/1/98 9/30/98 BORROWER 91.2% 11/30/98
109 1 518,875 7/1/98 BORROWER 382,635 1/1/98 9/30/98 SUB-SERVICER 100.0% 10/6/98
110 1 511,409 7/1/98 BORROWER 345,582 1/1/98 9/30/98 SUB-SERVICER 93.1% 10/30/98
111 1 623,971 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 1/21/96
112 1 547,364 12/31/96 PNC 235,409 6/1/98 9/30/98 SUB-SERVICER 95.0% 4/3/98
113 1 700,614 N/A UNDERWRITER 512,332 1/1/98 9/30/98 SUB-SERVICER 97.8% 9/29/98
114 1 808,469 12/31/97 BORROWER 458,478 1/1/98 9/30/98 BORROWER 96.9% 9/30/98
115 1 505,875 12/31/97 BORROWER 370,080 1/1/98 9/30/98 BORROWER 98.4% 9/30/98
116 1 390,950 N/A UNDERWRITER 416,236 1/1/98 9/30/98 BORROWER 96.2% 11/25/98
117 1 479,859 7/1/98 FILE N/A N/A N/A N/A 100.0% 3/11/98
118 1 485,903 N/A UNDERWRITER 345,059 1/1/98 9/30/98 BORROWER 99.6% 9/23/98
119 1 438,378 12/31/97 FILE N/A N/A N/A N/A 98.1% 11/30/97
120 1 469,463 12/31/97 BORROWER 460,769 1/1/98 9/30/98 BORROWER 96.7% 9/30/98
121 1 492,038 12/31/97 FILE 376,721 1/1/98 9/30/98 SUB-SERVICER 93.9% 9/30/98
122 1 447,395 12/31/97 FILE N/A N/A N/A N/A 96.5% 2/24/98
123 1 501,911 12/31/97 BORROWER 396,811 1/1/98 9/30/98 BORROWER 95.1% 11/1/98
124 1 336,744 12/31/97 FILE N/A N/A N/A N/A 92.9% 4/25/98
125 1 580,223 7/1/98 FILE 505,808 1/1/98 9/30/98 BORROWER 84.8% 9/30/98
126 1 630,280 12/31/97 BORROWER 456,560 1/1/98 9/30/98 BORROWER 97.0% 9/30/98
127 1 535,171 12/31/97 FILE 316,456 2/18/98 9/30/98 PROPERTY 99.0% 10/21/98
128 1 435,605 12/31/97 FILE 387,427 1/1/98 9/30/98 BORROWER 100.0% 11/1/98
129 1 504,775 7/1/98 FILE N/A N/A N/A N/A 100.0% 10/19/97
130 1 516,251 12/31/96 PNC 437,402 1/1/98 9/30/98 BORROWER 100.0% 10/22/98
131 1 448,235 12/31/97 BORROWER 432,575 1/1/98 9/30/98 BORROWER 92.9% 9/30/98
132 1 448,386 N/A UNDERWRITER 452,582 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
133 1 489,421 12/31/97 BORROWER 411,362 1/1/98 9/30/98 BORROWER 87.5% 12/11/98
134 1 497,771 N/A UNDERWRITER N/A N/A N/A N/A 97.1% 4/17/98
135 1 560,168 12/31/97 BORROWER 351,617 1/1/98 9/30/98 BORROWER 89.4% 9/30/98
136 1 382,600 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 12/20/97
137 1 451,723 N/A UNDERWRITER 309,391 1/1/98 9/30/98 BORROWER 94.3% 10/1/98
138 1 531,788 N/A UNDERWRITER N/A N/A N/A N/A 86.0% 5/31/98
139 1 629,909 N/A UNDERWRITER 545,161 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
140 1 466,459 N/A UNDERWRITER 372,397 1/1/98 9/30/98 BORROWER 100.0% 4/21/98
141 1 374,100 12/31/97 BORROWER 349,684 1/1/98 9/30/98 BORROWER 99.2% 9/30/98
142 1 320,299 N/A UNDERWRITER 260,879 1/1/98 9/30/98 SUB-SERVICER 98.4% 10/1/98
143 1 271,569 12/31/97 BORROWER 263,554 1/1/98 9/30/98 BORROWER 96.7% 9/30/98
</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>
144 1 476,027 N/A UNDERWRITER 375,000 1/1/98 9/30/98 BORROWER 100.0% 1/31/98
145 1 448,800 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 12/1/97
146 1 646,225 12/31/97 BORROWER 516,643 1/1/98 9/30/98 BORROWER 79.3% 9/25/97
147 1 429,130 N/A UNDERWRITER 188,725 5/1/98 9/30/98 BORROWER 78.1% 9/30/98
148 1 398,985 N/A UNDERWRITER 280,388 1/1/98 9/30/98 SUB-SERVICER 100.0% 10/1/98
149 1 376,313 N/A UNDERWRITER 271,193 1/1/98 9/30/98 BORROWER 93.7% 11/1/98
150 1 357,577 12/31/97 BORROWER 237,712 1/1/98 9/30/98 BORROWER 100.0% 10/1/98
151 1 524,140 12/31/97 FILE 379,873 1/1/98 9/30/98 BORROWER 97.4% 10/1/98
152 1 656,432 12/31/97 FILE 525,815 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
153 1 309,797 N/A UNDERWRITER 268,037 1/1/98 9/30/98 SUB-SERVICER 93.8% 9/30/98
154 1 359,286 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 4/8/98
155 1 296,944 N/A UNDERWRITER 233,379 1/1/98 9/30/98 SUB-SERVICER 88.8% 9/29/98
156, 157 1 166,512 N/A UNDERWRITER 144,950 2/1/98 9/30/98 BORROWER 88.4% 10/31/98
156, 157 2 188,729 N/A UNDERWRITER 134,730 2/1/98 9/30/98 BORROWER 71.3% 10/31/98
158 1 555,087 12/31/97 PROSPECTUS 302,295 1/1/98 9/30/98 SUB-SERVICER 96.0% 9/30/98
159 1 625,378 12/31/97 FILE N/A N/A N/A N/A 90.5% 2/17/98
160 1 474,844 12/31/97 PROSPECTUS 336,271 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
161 1 272,117 N/A UNDERWRITER 236,996 1/1/98 9/30/98 BORROWER 95.4% 10/2/98
162 1 538,538 12/31/97 BORROWER 742,611 1/1/98 9/30/98 BORROWER 62.0% 11/30/98
163 1 418,431 12/31/97 PROSPECTUS 324,541 1/1/98 9/30/98 SUB-SERVICER 97.8% 9/30/98
164 1 519,785 12/31/97 FILE 337,604 1/1/98 9/30/98 BORROWER 67.8% 9/30/98
165 1 353,191 12/31/97 PROSPECTUS 156,957 1/1/98 9/30/98 SUB-SERVICER 87.7% 9/30/98
166 1 443,814 12/31/97 PROSPECTUS N/A N/A N/A N/A 87.6% 4/14/98
166 2 N/A N/A N/A N/A N/A N/A N/A 87.6% 4/14/98
167 1 337,453 12/31/97 PROSPECTUS N/A N/A N/A N/A 100.0% 3/19/98
168 1 798,075 12/31/97 PROSPECTUS N/A N/A N/A N/A 91.8% 4/1/98
169 1 318,295 12/31/97 PROSPECTUS 318,495 1/1/98 9/30/98 BORROWER 72.9% 4/1/98
170 1 329,558 12/31/97 PROSPECTUS 271,937 1/1/98 9/30/98 SUB-SERVICER 92.7% 9/30/98
171 1 326,572 12/31/97 .PROSPECTUS N/A N/A N/A N/A 100.0% 5/31/98
172 1 317,399 12/31/97 PROSPECTUS 321,447 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
173 1 302,030 12/31/97 FILE 377,318 3/1/98 9/30/98 BORROWER 100.0% 9/30/98
174 1 355,277 12/31/97 BORROWER N/A N/A N/A N/A 89.7% 12/22/97
175 1 220,910 N/A UNDERWRITER 94,134 7/1/98 9/30/98 BORROWER 100.0% 11/16/98
176 1 369,307 12/31/97 PROSPECTUS 219,737 1/1/98 9/30/98 SUB-SERVICER 96.7% 9/30/98
177 1 550,778 3/31/98 BORROWER 197,853 4/1/98 9/30/98 BORROWER 95.1% 10/30/98
178 1 289,864 12/31/97 BORROWER 149,021 1/1/98 6/30/98 BORROWER 100.0% 6/30/98
179 1 415,864 N/A UNDERWRITER 348,993 1/1/98 9/30/98 BORROWER 98.4% 12/1/98
180 1 331,361 N/A UNDERWRITER 310,657 1/1/98 11/30/98 BORROWER 100.0% 10/1/98
181 1 221,391 12/31/97 BORROWER 322,216 1/1/98 9/30/98 BORROWER 100.0% 6/30/98
182 1 562,396 N/A UNDERWRITER N/A N/A N/A N/A 89.9% 4/24/98
183 1 275,363 12/31/97 FILE 179,885 3/1/98 9/30/98 BORROWER 100.0% 12/1/97
184 1 375,750 N/A UNDERWRITER 111,543 5/1/98 9/30/98 BORROWER 69.1% 9/30/98
185 1 213,955 N/A UNDERWRITER 200,511 4/1/98 9/30/98 BORROWER 97.0% 10/6/98
186 1 334,826 12/31/97 LOAN 264,712 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
187 1 298,417 N/A UNDERWRITER 264,562 1/1/98 9/30/98 BORROWER 100.0% 11/25/98
188 1 260,177 12/31/97 FILE 246,124 1/1/98 9/30/98 BORROWER 94.8% 10/13/98
189 1 272,920 7/1/98 PNC 134,629 3/1/98 9/30/98 BORROWER 96.9% 9/30/98
190 1 333,645 N/A UNDERWRITER 241,462 1/1/98 9/30/98 BORROWER 100.0% 10/1/98
191 1 299,633 12/31/97 BORROWER 246,303 1/1/98 9/30/98 BORROWER 93.8% 10/1/98
192 1 279,115 12/31/97 FILE N/A N/A N/A N/A 100.0% 12/1/97
193 1 299,163 N/A UNDERWRITER 191,866 1/1/98 9/30/98 BORROWER 99.3% 11/25/98
194 1 240,187 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 2/16/98
195 1 259,329 N/A UNDERWRITER 192,723 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
196 1 329,349 12/31/97 FILE 256,748 1/1/98 9/30/98 BORROWER 99.2% 7/1/98
197 1 418,404 12/31/97 FILE 322,306 1/1/98 9/30/98 BORROWER 72.2% 9/30/98
198 1 359,975 N/A UNDERWRITER 221,674 1/1/98 9/30/98 SUB-SERVICER 93.3% 9/30/98
</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>
199 1 313,078 N/A UNDERWRITER 231,171 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
200 1 319,701 12/31/97 BORROWER 133,982 1/1/98 9/30/98 BORROWER 67.8% 9/30/98
201 1 287,841 N/A UNDERWRITER 72,442 7/1/98 9/30/98 SUB-SERVICER 100.0% 9/30/98
202 1 388,885 N/A UNDERWRITER 168,314 1/1/98 6/30/98 BORROWER 85.1% 2/28/98
203 1 281,337 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 1/1/98
204 1 436,156 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 9/30/98
205 1 286,384 12/31/97 FILE 267,975 1/1/98 9/30/98 BORROWER 90.2% 9/30/98
206 1 350,137 12/31/97 BORROWER 262,622 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
206 2 N/A N/A N/A N/A N/A N/A N/A 100.0% 6/30/98
206 3 N/A N/A N/A N/A N/A N/A N/A 100.0% 6/30/98
207 1 359,277 N/A UNDERWRITER N/A N/A N/A N/A 74.0% 10/31/97
208 1 243,483 7/1/98 FILE N/A N/A N/A N/A 100.0% 12/20/97
209 1 220,791 N/A UNDERWRITER 213,483 1/1/98 9/30/98 BORROWER 96.2% 9/30/98
210 1 253,055 N/A UNDERWRITER 127,814 1/1/98 9/30/98 BORROWER 97.5% 11/25/98
211 1 227,147 N/A UNDERWRITER 192,835 1/1/98 9/30/98 BORROWER 84.4% 12/1/98
212 1 198,278 N/A UNDERWRITER 125,646 1/1/98 9/30/98 BORROWER 98.9% 9/23/98
213 1 78,670 N/A UNDERWRITER 48,898 1/1/98 9/30/98 BORROWER 97.3% 9/23/98
214 1 251,201 N/A UNDERWRITER 165,357 3/1/98 9/30/98 BORROWER 98.5% 10/1/98
215 1 402,239 N/A UNDERWRITER 227,546 1/1/98 9/30/98 BORROWER 71.5% 9/30/98
216 1 318,920 12/31/97 FILE 182,201 1/1/98 9/30/98 BORROWER 82.4% 4/1/98
217 1 257,096 12/31/97 PROSPECTUS 194,606 1/1/98 9/30/98 BORROWER 100.0% 11/25/98
218 1 455,999 N/A UNDERWRITER 293,211 1/1/98 8/31/98 BORROWER 78.0% 9/30/98
219 1 274,219 12/31/97 PROSPECTUS N/A N/A N/A N/A 100.0% 1/21/98
220 1 275,646 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 1/1/98
221 1 301,908 12/31/97 PROSPECTUS 233,832 1/1/98 9/30/98 BORROWER 93.8% 10/1/98
222 1 294,748 12/31/97 FILE 215,777 1/1/98 9/30/98 BORROWER 93.6% 11/4/98
223 1 336,622 12/31/97 PROSPECTUS 248,718 1/1/98 9/30/98 BORROWER 100.0% 10/5/98
224 1 45,381 12/31/97 PROSPECTUS 132,928 1/1/98 9/30/98 SUB-SERVICER 100.0% 11/30/98
225 1 271,770 12/31/97 PROSPECTUS 50,451 1/1/98 9/30/98 SUB-SERVICER 85.8% 9/30/98
226 1 260,698 12/31/97 PROSPECTUS 78,285 7/1/98 9/30/98 BORROWER 100.0% 9/30/98
227 1 232,023 12/31/97 FILE 172,978 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
228 1 282,369 12/31/97 PROSPECTUS 251,292 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
229 1 274,520 12/31/97 FILE 211,005 1/1/98 9/30/98 BORROWER 100.0% 10/1/98
230 1 260,563 12/31/97 PROSPECTUS 134,886 3/1/98 9/30/98 SUB-SERVICER 100.0% 9/30/98
231 1 234,025 N/A UNDERWRITER 98,201 1/1/98 9/30/98 BORROWER 84.2% 9/30/98
232 1 67,693 N/A UNDERWRITER 59,378 1/1/98 9/30/98 BORROWER 98.5% 9/30/98
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 1 240,547 12/31/97 PROSPECTUS 235,533 1/1/98 11/30/98 BORROWER 87.8% 5/11/98
236 1 275,098 N/A UNDERWRITER 193,012 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
237 1 245,175 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 12/23/97
238 1 197,290 N/A UNDERWRITER 190,300 1/1/98 11/30/98 BORROWER 100.0% 12/22/97
239 1 242,406 N/A UNDERWRITER 94,355 4/1/98 9/30/98 BORROWER 94.0% 2/13/98
240 1 178,209 N/A UNDERWRITER 132,399 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
241 1 205,809 12/31/95 PNC N/A N/A N/A N/A 97.1% 4/3/98
242 1 369,336 N/A UNDERWRITER 321,468 1/1/98 9/30/98 BORROWER 91.4% 11/16/98
243 1 230,510 N/A UNDERWRITER 71,422 1/1/98 3/31/98 BORROWER 97.1% 10/31/98
244 1 227,254 N/A UNDERWRITER 184,200 1/1/97 9/30/97 UNDERWRITER 95.3% 10/31/98
245 1 209,531 N/A UNDERWRITER 156,025 1/1/98 9/30/98 BORROWER 100.0% 10/29/98
246 1 177,443 12/31/97 BORROWER 149,825 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
247 1 184,066 N/A UNDERWRITER 146,735 1/1/98 9/30/98 BORROWER 100.0% 10/8/98
248 1 317,126 12/31/97 BORROWER 258,938 1/1/98 10/31/98 BORROWER 90.7% 10/1/98
249 1 225,728 N/A UNDERWRITER N/A N/A N/A N/A 93.0% 3/25/98
250 1 337,629 N/A UNDERWRITER N/A N/A N/A N/A 82.2% 12/1/97
251 1 186,467 12/31/97 BORROWER 17,095 9/1/98 9/30/98 BORROWER 100.0% 1/1/98
252 1 169,068 12/31/97 BORROWER N/A N/A N/A N/A 100.0% 12/8/97
</TABLE>
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<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>
253 1 199,516 12/31/90 BORROWER N/A N/A N/A N/A 96.4% 1/30/98
254 1 162,107 N/A UNDERWRITER 141,978 1/1/97 10/31/97 UNDERWRITER 92.2% 2/19/98
255 1 168,107 12/31/97 FILE 127,897 1/1/98 9/30/98 BORROWER 100.0% 1/12/98
256 1 323,772 N/A UNDERWRITER 213,458 1/1/98 9/30/98 BORROWER 96.0% 9/30/98
257 1 188,004 N/A UNDERWRITER 120,901 1/1/98 9/30/98 BORROWER 78.7% 10/1/98
258 1 194,721 N/A UNDERWRITER 74,985 5/1/98 9/30/98 BORROWER 97.6% 8/1/98
259 1 202,465 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 11/1/98
260 1 207,276 12/31/97 BORROWER 154,658 1/1/98 9/30/98 BORROWER 100.0% 12/1/98
261 1 166,402 12/31/97 BORROWER 139,018 1/1/98 10/31/98 BORROWER 93.1% 10/31/98
262 1 181,856 12/31/97 BORROWER 113,972 1/1/98 9/30/98 BORROWER 100.0% 10/1/98
263 1 183,382 N/A UNDERWRITER 116,204 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
264 1 164,681 N/A UNDERWRITER 84,818 4/1/98 8/31/98 BORROWER 100.0% 10/12/98
265 1 174,348 N/A UNDERWRITER 180,941 1/1/97 9/30/97 UNDERWRITER 97.7% 10/17/97
266 1 149,415 12/31/97 BORROWER 126,219 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
267 1 158,403 12/31/97 BORROWER N/A N/A N/A N/A 94.3% 11/1/97
268 1 264,093 12/31/97 BORROWER 165,662 1/1/98 9/30/98 BORROWER 96.9% 11/5/98
269 1 191,439 N/A UNDERWRITER 170,809 1/1/98 11/17/98 BORROWER 95.8% 11/12/98
270 1 202,064 12/31/97 FILE 120,917 1/1/98 9/30/98 BORROWER 100.0% 5/5/98
271 1 179,916 N/A UNDERWRITER 130,642 1/1/98 9/30/98 BORROWER 99.4% 9/30/98
272 1 167,138 7/1/98 BORROWER 111,021 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
273 1 164,221 N/A UNDERWRITER 131,266 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
274 1 136,995 9/30/98 SUB-SERVICER N/A N/A N/A N/A 87.4% 9/30/98
275 1 203,703 12/31/96 FILE 249,524 1/1/98 9/30/98 BORROWER 97.1% 3/24/98
276 1 146,030 N/A UNDERWRITER 110,704 3/1/98 9/30/98 BORROWER 100.0% 9/30/98
277 1 194,624 N/A UNDERWRITER 181,800 1/1/98 10/31/98 BORROWER 100.0% 3/31/98
278 1 184,083 N/A UNDERWRITER 110,986 1/1/98 9/30/98 SUB-SERVICER 96.3% 9/30/98
279 1 240,081 12/31/96 FILE 222,357 1/1/97 10/31/97 FILE 90.5% 8/26/98
280 1 185,898 12/31/97 BORROWER 152,279 1/1/98 9/30/98 BORROWER 90.0% 9/30/98
281 1 167,845 12/31/97 FILE 48,537 7/1/98 9/30/98 BORROWER 100.0% 3/20/98
282 1 200,642 N/A UNDERWRITER 132,296 1/1/98 9/30/98 SUB-SERVICER 98.8% 9/30/98
283 1 206,697 12/31/97 BORROWER 157,745 1/1/98 9/30/98 BORROWER 100.0% 10/1/98
284 1 139,766 12/31/97 BORROWER N/A N/A N/A N/A 96.8% 1/31/98
285 1 225,147 12/31/97 FILE 195,137 1/1/98 9/30/98 BORROWER 96.2% 11/17/98
286 1 400,362 N/A UNDERWRITER 304,470 1/1/98 9/30/98 BORROWER 96.8% 11/17/98
287 1 274,833 N/A UNDERWRITER 248,019 1/1/98 9/30/98 BORROWER 99.0% 10/1/98
288 1 196,577 12/31/97 BORROWER 156,309 1/1/98 9/30/98 BORROWER 94.4% 10/1/98
289 1 187,832 N/A UNDERWRITER 77,809 1/1/98 6/30/98 SUB-SERVICER 100.0% 6/29/98
290 1 220,660 12/31/97 PROSPECTUS N/A N/A N/A N/A 97.9% 3/12/98
291 1 162,033 12/31/97 BORROWER 124,831 1/1/98 9/30/98 BORROWER 97.3% 9/30/98
292 1 176,593 12/31/97 PROSPECTUS 95,781 1/1/98 9/30/98 SUB-SERVICER 90.0% 9/30/98
293 1 216,224 12/31/96 PNC 94,175 1/1/97 9/30/97 PNC 98.0% 4/3/98
294 1 139,721 7/1/98 PROSPECTUS 46,089 7/1/98 9/30/98 BORROWER 100.0% 7/9/98
295 1 157,059 12/31/97 FILE 129,153 1/1/98 9/30/98 BORROWER 96.4% 10/31/98
296 1 152,920 7/1/98 PROSPECTUS N/A N/A N/A N/A 100.0% 12/8/97
297 1 135,338 12/31/97 PROSPECTUS 116,244 1/1/98 9/30/98 BORROWER 94.6% 9/30/98
298 1 164,410 12/31/97 BORROWER 128,976 1/1/98 9/30/98 BORROWER 35.0% 3/1/98
299 1 175,293 12/31/97 BORROWER 128,404 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
300 1 156,358 12/31/97 PROSPECTUS 50,446 5/1/98 9/30/98 BORROWER 100.0% 4/1/98
301 1 122,574 12/31/97 PROSPECTUS 99,845 1/1/98 9/30/98 BORROWER 100.0% 9/30/98
302 1 246,875 12/31/97 PROSPECTUS 171,926 1/1/98 9/30/98 BORROWER 97.1% 11/10/98
303 1 197,899 12/31/97 PROSPECTUS 141,508 1/1/98 9/30/98 BORROWER 88.9% 10/30/98
304 1 160,292 12/31/97 BORROWER 41,978 1/1/98 3/31/98 BORROWER 74.9% 10/31/98
305 1 80,554 7/1/98 PROSPECTUS N/A N/A N/A N/A 100.0% 12/1/97
305 2 60,906 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 12/1/97
306 1 155,717 N/A UNDERWRITER 100,207 3/1/98 9/30/98 BORROWER 100.0% 9/30/98
307 1 255,335 12/31/97 FILE 187,064 1/1/98 9/30/98 BORROWER 85.1% 9/30/98
</TABLE>
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<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>
308 1 171,079 12/31/96 FILE 121,737 1/1/98 9/30/98 BORROWER 96.7% 9/30/98
309 1 167,743 N/A UNDERWRITER 82,152 1/1/98 7/31/98 BORROWER 93.8% 6/30/98
310 1 164,911 N/A UNDERWRITER 23,014 1/1/98 3/31/98 BORROWER 97.3% 12/18/97
311 1 129,763 N/A UNDERWRITER 20,782 7/1/98 9/30/98 BORROWER 95.6% 10/30/98
312 1 123,996 N/A UNDERWRITER 126,973 1/1/98 11/30/98 BORROWER 100.0% 9/30/98
313 1 154,282 12/31/97 FILE 113,031 1/1/98 10/31/98 BORROWER 96.3% 11/11/98
314 1 105,896 12/31/96 FILE 82,223 3/1/98 9/30/98 BORROWER 94.4% 10/31/98
315 1 158,176 N/A UNDERWRITER 117,369 1/1/98 9/30/98 BORROWER 100.0% 10/20/98
316 1 96,815 N/A UNDERWRITER 27,722 1/1/98 3/31/98 BORROWER 100.0% 4/30/98
317 1 107,981 2/28/98 BORROWER N/A N/A N/A N/A 83.3% 3/20/98
318 1 92,644 N/A UNDERWRITER 79,907 1/1/98 9/30/98 BORROWER 71.9% 10/28/98
319 1 162,771 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 12/31/97
320 1 138,750 12/31/97 FILE 90,535 1/1/98 9/30/98 BORROWER 95.5% 9/30/98
321 1 134,296 N/A UNDERWRITER 80,108 1/1/98 9/30/98 BORROWER 90.7% 10/1/98
322 1 71,737 12/31/97 BORROWER 47,637 1/1/98 9/30/98 BORROWER 95.0% 9/30/98
</TABLE>
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<PAGE>
MIDLAND LOAN SERVICES, L.P. - Master Servicer
Loan Portfolio Analysis System - Asset Comments
PORTFOLIO: COMMERCIAL MTGE ACCEPT CORP 1998 C1
REPORTING PERIOD: January, 1999
DATE PRINTED: 19-Jan-99
LOAN 001 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 002 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY SERVES AS
COLLATERAL FOR RELATED LOAN #003. JUNIOR DEBT SERVICE REFLECTS THE DEBT SERVICE
FROM LOAN #003. Partial Year Statement Comment: 9/30/98 - TENANT
REIMBURSEMENT INCOME HAS NOT BEEN FULLY COLLECTED CAUSING REVENUE TO DECREASE.
BORROWER DID NOT REPORT INSURANCE EXPENSE. PROPERTY SERVES AS COLLATERAL FOR
RELATED LOAN #003. JUNIOR DEBT SERVICE REFLECTS THE DEBT SERVICE FROM LOAN
#003.
LOAN 003 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY SERVES AS
COLLATERAL FOR RELATED LOAN #002. OTHER OPERATING EXPENSE CATEGORY INCLUDES
SENIOR DEBT SERVICE FROM LOAN #002. Partial Year Statement Comment: 9/30/98
- - REIMBURSEMENT INCOME HAS NOT BEEN FULLY COLLECTED CAUSING REVENUE TO
DECREASE. BORROWER DID NOT REPORT INSURANCE EXPENSE. PROPERTY SERVES AS
COLLATERAL FOR RELATED LOAN #002. OTHER OPERATING EXPENSE CATEGORY INCLUDES
SENIOR DEBT SERVICE FROM LOAN #002.
LOAN 004 - 1: Latest Annual Statement Comment: 9/30/98 - SUBSERVICED LOAN.
THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 005 - 1: Latest Annual Statement Comment: 9/30/98 - INCREASE IN DSCR IS
COMPARABLE TO OTHER PROPERTIES OPERATED BY THE BORROWER. THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 006 - 1: Latest Annual Statement Comment: 9/30/98 - SUBSERVICED LOAN.
THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 007 - 1: Latest Annual Statement Comment: 9/30/98 - SUBSERVICED LOAN.
THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 008 - 1: Latest Annual Statement Comment: 9/30/98 - SUBSERVICED LOAN.
THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 009 - 1: Latest Annual Statement Comment: 9/30/98 - SUBSERVICED LOAN.
THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 010 - 1: Latest Annual Statement Comment: 9/30/98 - SUBSERVICED LOAN.
THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 011 - 1: Partial Year Statement Comment: 9/30/98 - HIGH DSCR DUE TO
INCREASE IN RENT REVENUE. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION.
LOAN 012 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION. BORROWER DID NOT REPORT INSURANCE
EXPENSE, AND NO INSURANCE IS ESCROWED IN THE SYSTEM.
LOAN 013 - 1: Latest Annual Statement Comment: 12/31/97 - CONSTRUCTION OF
THE PROPERTY BEGAN IN 1996, AND ITS LEASE-UP BEGAN PRIMARILY IN 1997.
THEREFORE, 1997 STATEMENT IS NOT A REPRESENTATIVE OF THE STABILIZED OPERATIONS
OF THE PROPERTY. UPDATED FINANCIALS HAVE BEEN REQUESTED.
LOAN 014 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY SERVES AS
COLLATERAL FOR RELATED LOAN #015. JUNIOR DEBT SERVICE REFLECTS THE DEBT SERVICE
FROM LOAN #015. PROPERTY TAXES WAS NOT REPORTED. Partial Year Statement
Comment: 9/30/98 - PROPERTY SERVES AS COLLATERAL FOR RELATED LOAN #015. JUNIOR
DEBT SERVICE REFLECTS THE DEBT SERVICE FROM LOAN #015.
LOAN 015 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY SERVES AS
COLLATERAL FOR RELATED LOAN #014. OTHER OPERATING EXPENSE CATEGORY INCLUDES
SENIOR DEBT SERVICE FROM LOAN #014. PROPERTY TAXES WAS NOT REPORTED. Partial
Year Statement Comment: 9/30/98 - PROPERTY SERVES AS COLLATERAL FOR RELATED
LOAN #014. OTHER OPERATING EXPENSE CATEGORY INCLUDES SENIOR DEBT SERVICE FROM
LOAN #014.
LOAN 016 - 1: Partial Year Statement Comment: 9/30/98 - INCREASE IN REVENUE
DUE TO INCREASE IN AVERAGE DAILY RATE.
LOAN 017 - 1: Partial Year Statement Comment: 9/30/98 - INCREASE IN REVENUE
DUE TO INCREASE IN AVERAGE DAILY RATE.
Page 40
<PAGE>
LOAN 018 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 019 - 1:
LOAN 020 - 1: Partial Year Statement Comment: 9/30/98 - PROPERTY
PERFORMANCE IS IN-LINE WITH UNDERWRITING CONCLUSION. NORMALIZED PROPERTY TAXES
PER LOAN SERVICING INFORMATION..
LOAN 021 - 1: Status Comment: Updated financials have been requested.
LOAN 022 - 1: Partial Year Statement Comment: 11/30/98 - NORMALIZED
PROPERTY TAXES PER LOAN SERVICING INFORMATION.
LOAN 023 - 1:
LOAN 024 - 1: Partial Year Statement Comment: 11/30/98 - THE STATEMENT
REFLECTS ONLY A ONE-MONTH OPERATION WHICH MIGHT BE MISLEADING. NORMALIZED
PROPERTY TAXES PER LOAN SERVICING INFORMATION.
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: Partial Year Statement Comment: 9/30/98 - PROFESSIONAL FEES
INCLUDE LEGAL FEES RELATED TO THE CLOSING OF THE LOAN. NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION.
LOAN 027 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 028 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 029 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION. THERE IS NO ESCROW FOR INSURANCE.
LOAN 030 - 1:
LOAN 031 - 1:
LOAN 032 - 1: Latest Annual Statement Comment: 12/31/97 - DEVELOPER FEES
SHOULD BE A ONE TIME EXPENSE (PER CPA). YTD OPERATING STATEMENT AND RENT ROLL
HAVE BEEN REQUESTED.
LOAN 033 - 1: Latest Annual Statement Comment: 12/31/97 - DEBT SERVICE WAS
PRORATED BASED ON UNDERWRITTEN NOI. Partial Year Statement Comment: 9/30/98
- - DEBT SERVICE WAS PRORATED BASED ON UNDERWRITTEN NOI.
LOAN 033 - 7: Latest Annual Statement Comment: 12/31/97 - DEBT SERVICE WAS
PRORATED BASED ON UNDERWRITTEN NOI. Partial Year Statement Comment: 9/30/98
- - DEBT SERVICE WAS PRORATED BASED ON UNDERWRITTEN NOI.
LOAN 033 - 6: Latest Annual Statement Comment: 12/31/97 - DEBT SERVICE WAS
PRORATED BASED ON UNDERWRITTEN NOI. Partial Year Statement Comment: 9/30/98
- - DEBT SERVICE WAS PRORATED BASED ON UNDERWRITTEN NOI.
LOAN 033 - 5: Partial Year Statement Comment: 9/30/98 - DEBT SERVICE WAS
PRORATED BASED ON UNDERWRITTEN NOI.
LOAN 033 - 4: Latest Annual Statement Comment: 12/31/97 - DEBT SERVICE WAS
PRORATED BASED ON UNDERWRITTEN NOI. Partial Year Statement Comment: 9/30/98
- - DEBT SERVICE WAS PRORATED BASED ON UNDERWRITTEN NOI.
LOAN 033 - 3: Latest Annual Statement Comment: 12/31/97 - DEBT SERVICE WAS
PRORATED BASED ON UNDERWRITTEN NOI. Partial Year Statement Comment: 9/30/98
- - DEBT SERVICE WAS PRORATED BASED ON UNDERWRITTEN NOI.
LOAN 033 - 2: Latest Annual Statement Comment: 12/31/97 - DEBT SERVICE WAS
PRORATED BASED ON NOI OF THE UNDERWRITING. Partial Year Statement Comment:
9/30/98 - DEBT SERVICE WAS PRORATED BASED ON UNDERWRITTEN NOI.
LOAN 033 - 8: Partial Year Statement Comment: 9/30/98 - MAJOR RENOVATION
HAS CAUSED SEVERAL UNITS DOWN, THE REVENUE TO DECREASE AND EXPENSES TO
INCREASE. MUCH R&M AND PAYROLL EXPENSES WERE RELATED TO THE RENOVATION. DEBT
SERVICE WAS PRORATED BASED ON UNDERWRITTEN NOI.
Page 41
<PAGE>
LOAN 034 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY WAS
CONSTRUCTED IN 1996. LOW REVENUE DUE TO VACANCY AT THE START OF THE BUSINESS
AND RENT CONCESSIONS GIVEN TO TENANTS. Partial Year Statement Comment:
9/30/98 - PROPERTY WAS CONSTRUCTED IN 1996. 1997 LOW REVENUE DUE TO VACANCY AT
THE START OF THE BUSINESS AND RENT CONCESSIONS GIVEN TO TENANTS. NORMALIZED
PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
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: 9/30/98 - BASE RENT INCLUDES GARAGE INCOME DERIVED
FROM TENANT & TRANSIENT PARKING. NORMALIZED PROPERTY TAXES PER LOAN SERVICING
INFORMATION.
LOAN 036 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION.
LOAN 037 - 1: Partial Year Statement Comment: 9/20/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 038, 039, 040 - 2: Latest Annual Statement Comment: 12/31/97 - DEBT
SERVICE WAS PRORATED BASED ON UNDERWRITEN NOI. Partial Year Statement
Comment: 10/31/98 - DEBT SERVICE WAS PRORATED BASED ON UNDERWRITEN NOI. THERE
IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 038, 039, 040 - 3: Latest Annual Statement Comment: 12/31/97 - DEBT
SERVICE WAS PRORATED BASED ON UNDERWRITEN NOI. Partial Year Statement
Comment: 10/31/98 - DEBT SERVICE WAS PRORATED BASED ON UNDERWRITEN NOI. THERE
IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 038, 039, 040 - 1: Latest Annual Statement Comment: 12/31/97 - DEBT
SERVICE WAS PRORATED BASED ON UNDERWRITEN NOI. Partial Year Statement
Comment: 10/31/98 - DEBT SERVICE WAS PRORATED BASED ON UNDERWRITEN NOI. THERE
IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 041 - 1:
LOAN 042 - 4:
LOAN 042 - 8:
LOAN 042 - 10:
LOAN 042 - 11:
LOAN 042 - 6:
LOAN 042 - 3:
LOAN 042 - 5:
LOAN 042 - 9:
LOAN 042 - 14:
LOAN 042 - 7:
LOAN 042 - 13:
LOAN 042 - 2:
LOAN 042 - 1:
LOAN 042 - 12:
LOAN 043 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 044 - 1:
LOAN 045 - 1:
LOAN 046 - 1: Partial Year Statement Comment: 11/30/98 - NORMALIZED
PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 047 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT INSURANCE EXPENSE. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION. PROPERTY WAS ACQUIRED BY BORROWER IN EARLY 1998. 1997
OPERATING RESULT WAS COMBINED WITH PREVIOUS OWNER'S OTHER BUSINESS.
LOAN 048 - 1:
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<PAGE>
LOAN 049 - 1: Partial Year Statement Comment: 9/30/98 - PER CONVERSATION
WITH THE BORROWER, DECREASE IN OCCUPANCY DUE TO HIGH COMPETITION IN THE AREA.
NORMALIZED PROPERTY TAXES PER LOAN SERVICING INFORMATION.
LOAN 050 - 1:
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: 9/30/98 - DEBT SERVICE WAS PRORATED BASED ON UNDERWRITTEN
NOI. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION,
PRORATED BASED ON UNDERWRITTEN NOI. 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: 9/30/98 - DEBT SERVICE WAS PRORATED BASED ON UNDERWRITTEN
NOI. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION,
PRORATED BASED ON UNDERWRITTEN NOI. 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: 9/30/98 - DEBT SERVICE WAS PRORATED BASED ON UNDERWRITTEN
NOI. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION,
PRORATED BASED ON UNDERWRITTEN NOI. CONFIRMED HIGH PROPERTY MANAGEMENT FEES
WITH THE BORROWER.
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: 9/30/98 - DEBT SERVICE WAS PRORATED BASED ON UNDERWRITTEN
NOI. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION,
PRORATED BASED ON UNDERWRITTEN NOI. CONFIRMED HIGH PROPERTY MANAGEMENT FEES
WITH THE BORROWER.
LOAN 055 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 056 - 1: Partial Year Statement Comment: 10/27/98 - NORMALIZED
PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 057 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 058 - 1:
LOAN 059 - 1: Partial Year Statement Comment: 9/30/98 - LOW DSCR DUE TO
HIGH REPAIR & MAINTENANCE EXPENSE IN PAINTING AND PROPERTY IMPROVEMENT.
BORROWER REPORTED A COMBINED PROPERTY TAXES AND INSURANCE. NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 060 - 1:
LOAN 061 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 062 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 063 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES. THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 064 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 065 - 1: Partial Year Statement Comment: 9/30/98 - LOW DSCR DUE TO LOW
REVENUE. SUBSERVICER HAS BEEN CONTACTED REGARDING LOW REVENUE, NO ANSWER HAS
BEEN OBTAINED YET. THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 066, 067, 068 - 2: Latest Annual Statement Comment: 12/31/97 - DEBT
SERVICE WAS PRORATED BASED ON UNDERWRITTEN NOI.
LOAN 066, 067, 068 - 3: Latest Annual Statement Comment: 12/31/97 - DEBT
SERVICE WAS PRORATED BASED ON UNDERWRITTEN NOI.
LOAN 066, 067, 068 - 1: Latest Annual Statement Comment: 12/31/97 - DEBT
SERVICE WAS PRORATED BASED ON UNDERWRITTEN NOI.
LOAN 069 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES. THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
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LOAN 070 - 1: Partial Year Statement Comment: 6/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 071 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 072 - 1: Latest Annual Statement Comment: 12/31/97 - INSURANCE EXPENSE
WAS NOT REPORTED. Partial Year Statement Comment: 9/30/98 - STATEMENT IS
IN-LINE WITH UNDERWRITING CONCLUSION. 1997 STATEMENT WAS TAKEN FROM
UNDERWRITING. BORROWER DID NOT REPORT PROPERTY TAXES. THERE IS NO ESCROW FOR
PROPERTY TAXES AND INSURANCE.
LOAN 073 - 1: Partial Year Statement Comment: 9/30/98 - PER CONVERSATION
WITH THE BORROWER, OCCUPANCY RATE DECREASES DUE TO HIGH COMPETITION IN THE
AREA . NORMALIZED PROPERTY TAXES PER LOAN SERVICING INFORMATION.
LOAN 074 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 075 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 076 - 1: Partial Year Statement Comment: 9/30/98 - HIGH DSCR DUE TO
INCREASE IN RENT REVENUE. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION.
LOAN 077 - 1: Partial Year Statement Comment: 9/30/98 - 1997 FINANCIAL
STATEMENT IS NOT AVAILABLE FOR COMPARISON, BECAUSE BORROWER ACQUIRED THE
PROPERTY IN LATE 1997. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION.
LOAN 078 - 1:
LOAN 079 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 080 - 1: Latest Annual Statement Comment: 6/30/98 - NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION.
LOAN 081 - 1:
LOAN 082 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 083 - 1:
LOAN 084 - 1:
LOAN 085 - 1: Partial Year Statement Comment: 9/30/98 - $82,665 PRIOR YEAR
PROPERTY TAXES WAS INCLUDED IN THE PROPERTY TAXES, CAUSING DSCR TO DECREASE.
NORMALIZED INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 086 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES AND INSURANCE. NORMALIZED PROPERTY TAXES AND INSURANCE
PER LOAN SERVICING INFORMATION.
LOAN 087 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 088 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER SERVICING.
LOAN 089 - 1:
LOAN 090 - 1: Partial Year Statement Comment: 10/31/98 - NORMALIZED
PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 091 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 092 - 1: Partial Year Statement Comment: 9/30/98 - LEGAL AND
PROFESSIONAL FEES INCLUDE FEES RELATED TO THE LOAN CLOSING TRANSACTION.
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 093 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION.
LOAN 094 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 095 - 1: Partial Year Statement Comment: 9/30/98 - THE PROPERTY IS
OCCUPIED BY A SINGLE TENANT WITH A TRIPLE NET LEASE BASIS. THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
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LOAN 096 - 1:
LOAN 097 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY TAXES,
INSURANCE AND DEBT SERVICE PER UNDERWRITER. Partial Year Statement Comment:
9/30/98 - NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.
LOAN 098 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 099 - 1: Partial Year Statement Comment: 6/30/98 - NORMALIZED PROPERTY
TAX PER LOAN SERVICING INFORMATION. THIRD QUARTER OPERATING STATEMENT AND RENT
ROLL HAVE BEEN REQUESTED.
LOAN 100 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 101 - 1:
LOAN 102 - 1: Partial Year Statement Comment: 9/30/98 - SUBSERVICED LOAN.
THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 103 - 1: Latest Annual Statement Comment: 12/31/97 - SUBSERVICED LOAN.
Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT REPORT PROPERTY
TAXES. THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 104 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES. THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
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: 9/30/98 - NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN
SERVICING INFORMATION.
LOAN 106 - 1:
LOAN 107 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 108 - 1: Partial Year Statement Comment: 9/30/98 - 1998 REVENUE
INCLUDES PART OF 1997 REIMBURSEMENT INCOME. 1997 REVENUE WAS LOW DUE TO LOW
OCCUPANCY RATE IN THE EARLY PART OF THE YEAR. NORMALIZED PROPERTY TAXES AND
INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 109 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 110 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 111 - 1:
LOAN 112 - 1: Status Comment: Loan was reactivated on July 22, 1998.
Partial Year Statement Comment:9/30/98 - BORROWER DID NOT REPORT PROPERTY TAXES
AND THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 113 - 1: Partial Year Statement Comment: 9/30/98 - INSURANCE AND
PROPERTY TAXES ARE NOT ESCROWED FOR THIS PROPERTY.
LOAN 114 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 115 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPETY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 116 - 1: Partial Year Statement Comment: 9/30/98 - PROPERTY
PERFORMANCE IS IN-LINE WITH UNDERWRITING CONCLUSION. HISTORICAL STATEMENTS WERE
TAKEN FROM UNDERWRITING. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION.
LOAN 117 - 1:
LOAN 118 - Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 119 - 1:
LOAN 120 - 1: Partial Year Statement Comment: 9/30/98 - HIGH DSCR DUE TO
INCREASE IN RENT REVENUE. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION.
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LOAN 121 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 122 - 1:
LOAN 123 - 1 Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 124 - 1:
LOAN 125 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED
INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 126 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 127 - 1: Partial Year Statement Comment: 9/30/98 - PROPERTY WAS
ACQUIRED IN FEB 18, 1998. NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN
SERVICING INFORMATION.
LOAN 128 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 129 - 1:
LOAN 130 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 131 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 132 - 1: Partial Year Statement Comment: 9/30/98 - HIGH DSCR DUE TO
INCREASE IN RENT REVENUE. BORROWER DID NOT REPORT PROPERTY TAXES AND INSURANCE.
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 133 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION.
LOAN 134 - 1:
LOAN 135 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE EXPENSE PER LOAN SERVICING INFORMATION.
LOAN 136 - 1: Latest Annual Statement Comment: 7/1/98 - THE PROPERTY IS
OCCUPIED BY A SINGLE TENANT WITH A TRIPLE NET LEASE BASIS.
LOAN 137 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION.
LOAN 138 - 1:
LOAN 139 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES AND INSURANCE. NORMALIZED PROPERTY TAXES AND INSURANCE
PER LOAN SERVICING INFORMATION.
LOAN 140 - 1: Partial Year Statement Comment: 9/30/98 - PER BORROWER'S
LETTER, THE PROPERTY IS OCCUPIED BY A SINGLE TENANT WITH A TRIPLE NET LEASE
BASIS. THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 141 - 1: Partial Year Statement Comment:9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 142 - 1: Partial Year Statement Comment: 9/30/98 - PER NOTE FROM
BORROWER, CAPITAL IMPROVEMENTS INCLUDE ROOF REPLACEMENT ON ALL BUILDINGS. THERE
IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 143 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAX AND INSURANCE USING LOAN SERVICING INFORMATION. WITH A SLIGHT INCREASE IN
OCCUPANCY, BASE RENT IS UP COMPARED TO LAST YR, RESULTING IN IMPROVED DSCRS.
LOAN 144 - 1: Partial Year Statement Comment: 9/30/98 - THE PROPERTY IS A
TRIPLE NET LEASE. BORROWER DID NOT REPORT MANAGEMENT FEES, AND THERE IS NO
ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 145 - 1:
LOAN 146 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 147 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
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LOAN 148 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 149 - 1: Partial Year Statement Comment: 9/30/98 - PROFESSIONAL FEE
INCLUDES LEGAL FEES RELATED TO THE CLOSING OF THE LOAN. NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 150 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION.
LOAN 151 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 152 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 153 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 154 - 1:
LOAN 155 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 156, 157 - 2: Latest Annual Statement Comment: 12/31/97 - PRORATED DEBT
SERVICE BETWEEN TWO PROPERTIES BASED ON UNDERWRITTEN NOI. Partial Year
Statement Comment: 9/30/98 - PROPERTY TAXES, INSURANCE AND DEBT SERVICE WERE
PRORATED BASED ON UNDERWRITTEN NOI. NORMALIZED PROPERTY TAXES AND INSURANCE PER
LOAN SERVICING INFORMATION.
LOAN 156, 157 - 1: Latest Annual Statement Comment: 12/31/97 - DEBT SERVICE
WAS PRORATED BASED ON UNDERWRITTEN NOI. Partial Year Statement Comment:
9/30/98 - PROPERTY TAXES, INSURANCE AND DEBT SERVICE WERE PRORATED BASED ON
UNDERWRITTEN NOI. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.
LOAN 158 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE. SUBSERVICER WAS CONTACTED TO VERIFY HIGH
REPAIRS AND MAINTENANCE EXPENSE.
LOAN 159 - 1:
LOAN 160 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION.
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: 9/30/98 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 162 - 1: Partial Year Statement Comment: 9/30/98 - PER CONVERSATION
WITH BORROWER, HIGH REVENUE DUE TO INCREASE IN OCCUPANCY, AND MORE PEOPLE
VISITING THE AREA. BORROWER DID NOT REPORT PROPERTY TAXES. NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 163 - 1: Partial Year Statement Comment: 9/30/98 - SUBSERVICED LOAN.
THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 164 - 1: Partial Year Statement Comment: 9/30/98 - REFINANCE COST OF
$47,440 WAS NOT INCLUDED IN THE OPERATING EXPENSES. NORMALIZED PROPERTY TAX AND
INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 165 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE. LOW DSCR WAS CAUSED BY LOW OCCUPANCY.
LOAN 166 - 2:
LOAN 166 - 1:
LOAN 167 - 1:
LOAN 168 - 1:
LOAN 169 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT INSURANCE EXPENSE. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION.
LOAN 170 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT INSURANCE EXPENSE. THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 171 - 1:
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LOAN 172 - 1: Partial Year Statement Comment: 9/30/98 - HIGHER DSCR DUE TO
INCREASE IN RENT REVENUE. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION.
LOAN 173 - 1: Latest Annual Statement Comment: 12/31/97 - OPERATING EXPENSES
INCLUDE EXPENSES OF OTHER BUSINESS OWNED BY THE BORROWER. Partial Year
Statement Comment: 9/30/98 - INCREASE IN PROFESSIONAL FEES IS DUE TO LOAN
CLOSING COST. 1997 OPERATING EXPENSES INCLUDE EXPENSES OF OTHER BUSINESS OWNED
BY THE BORROWER. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.
LOAN 174 - 1:
LOAN 175 - 1: Partial Year Statement Comment: 9/30/98 - THE INCREASE IN
RENTAL INCOME OCCURED WHEN PHASE II WAS COMPLETED AND BECAME FULLY LEASED IN
JULY 1997. FYI IS 6/30. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION.
LOAN 176 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 177 - 1: Latest Annual Statement Comment: 3/31/98 - HIGHER DSCR DUE TO
HIGHER REVENUES. Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT INSURANCE EXPENSE AND THERE IS NO ESCROW FOR PROPERTY TAXES AND
INSURANCE.
LOAN 178 - 1: Partial Year Statement Comment: 6/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 179 - 1: Status Comment: Consistently delinquent. Partial Year
Statement Comment: 9/30/98 - NORMALIZED PROPERTY TAXES PER LOAN SERVICING
INFORMATION.
LOAN 180 - 1: Partial Year Statement Comment: 11/30/98 - NORMALIZED
PROPERTY TAXES PER LOAN SERVICING INFORMATION.
LOAN 181 - 1: Latest Annual Statement Comment: 12/31/97 - JUNE 1, 1997 WAS
THE FIRST MONTH THAT THE PROPERTY WAS COMPLETELY OPERATED AS A CORPORATE/FAA
COMPLEX. Partial Year Statement Comment: 9/30/98 - INCREASE IN REVENUE
DUE TO 100% OCCUPANCY AND PROPERTY RENOVATION FROM MULTIFAMILY COMPLEX TO FAA
COMPLEX. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.
LOAN 182 - 1:
LOAN 183 - 1: Partial Year Statement Comment: 9/30/98 - PER CONVERSATION
WITH PROPERTY MANAGEMENT THE STATEMENT REFLECTS SEVEN-MONTH OPERATION.
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 184 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION. MANAGEMENT FEE IS
CALCULATED AT 15% OF THE TOTAL INDIRECT OVERHEAD LABOR COSTS. DUE TO
SEASONALITY OF BUSINESS BOTH OF REVENUE AND EXPENSES ARE HIGER THAN NORMAL.
LOAN 185 - 1: Latest Annual Statement Comment: 12/31/97 - CURRENT MGMT. CO.
TOOK OVER THE PROPETY IN 08/96. PRIOR TO THIS DATE, THE PROPERTY WAS IN
FORECLOSURE DUE TO POOR MANAGEMENT/OWNERSHIP. Partial Year Statement Comment:
9/30/98 - INCREASE IN REVENUE DUE TO INCREASE IN OCCUPANCY AND BETTER PROPERTY
MANAGEMENT. BEFORE CURRENT MGMT. CO. TOOK OVER PROPERTY, IT WAS IN FORECLOSURE
AND POORLY MANAGED. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.
LOAN 186 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY TAXES PER
LOAN SERVICING SYSTEM. Partial Year Statement Comment: 9/30/98 - NORMALIZED
PROPERTY TAXES PER LOAN SERVICING INFORMATION.
LOAN 187 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 188 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 189 - 1: Partial Year Statement Comment: 9/30/98 - PER CONVERSATION
WITH BORROWER, PROPERTY WAS ACQUIRED IN EARLY 1998. PROPERTY MANAGEMENT EXPENSE
INCLUDES EMPLOYEE PAYROLL EXPENSE. NORMALIZED PROPERTY TAXES AND INSURANCE PER
LOAN SERVICING INFORMATION.
LOAN 190 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 191 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
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LOAN 192 - 1:
LOAN 193 - 1: Latest Annual Statement Comment: 12/31/97 - NORMALIZED
PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION. Partial Year
Statement Comment: 9/30/98 - NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION.
LOAN 194 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY TAXES WAS
NOT REPORTED.
LOAN 195 - 1: Latest Annual Statement Comment: 7/1/98 - THE PROPERTY IS
OCCUPIED BY A SINGLE TENANT WITH A TRIPLE NET LEASE BASIS. Partial Year
Statement Comment: 9/30/98 - THE PROPERTY IS OCCUPIED BY A SINGLE TENANT WITH
A TRIPLE NET LEASE BASIS.
LOAN 196 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED
INSURANCE EXPENSE PER LOAN SERVICING INFORMATION.
LOAN 197 - 1: Partial Year Statement Comment: 9/30/98 - MANAGEMENT FEES
INCLUDE PAYROLL EXP. TO MANAGEMENT. NORMALIZED INSURANCE PER LOAN SERVICING
INFORMATION.
LOAN 198 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 199 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAX AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 200 - 1: Partial Year Statement Comment: 9/30/98 - NEW COMPETITOR NEAR
THE PROPERTY LOWER THE RENTAL RATE AND CAUSED REVENUE AND OCCUPANCY RATE TO GO
DOWN. HIGH PAYROLL EXPENSE DUE TO OUTSIDE MANAGEMENT.
LOAN 201 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 202 - 1: Partial Year Statement Comment: 6/30/98 - INSURANCE EXPENSE
WAS NOT REPORTED. PROPERTY TAX EXPENSE PER BORROWER.
LOAN 203 - 1:
LOAN 204 - 1: Status Comment: The borrower issued a stop-pay for 5/1 pay.
The replacement check came to MLS instead of previous servicer, which resulted
in acct being prepaid. MLS reversed payment & issued funds to previous
servicer 11/10. To remit 11/1 & 12/1 by 12/10.
LOAN 205 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES AND INSURANCE EXPENSE. NORMALIZED PROPERTY TAXES AND
INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 206 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES. THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 206 - 2:
LOAN 206 - 3:
LOAN 207 - 1:
LOAN 208 - 1: Latest Annual Statement Comment: 7/1/98 - THE PROPERTY IS
OCCUPIED BY A SINGLE TENANT WITH A TRIPLE NET LEASE.
LOAN 209 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES. NORMALIZED PROPERTY TAXES PER LOAN SERVICING
INFORMATION.
LOAN 210 - 1: Partial Year Statement Comment: 9/30/98 - LOW DSCR DUE TO
HIGH PROFESSIONAL FEES WHICH MIGHT INCLUDE LEGAL FEES RELATED WITH THE LOAN
CLOSING. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.
LOAN 211 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION.
LOAN 212 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 213 - 1: Partial Year Statement Comment: 9/30/98 - LEGAL FEES OF
$7,166 FOR REFINANCING WERE NOT INCLUDED IN THE OPERATING EXPENSES. NORMALIZED
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. UPDATED FINANCIALS HAVE BEEN REQUESTED.
Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY TAXES AND
INSURANCE PER LOAN SERVICING INFORMATION.
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LOAN 215 - 1: Partial Year Statement Comment: 9/30/98 - PER CONVERSATION
WITH THE BORROWER, DECREASE IN OCCUPANCY IS DUE TO HIGH COMPETITION IN THE AREA.
NORMALIZED PROPERTY TAXES PER LOAN SERVICING INFORMATION.
LOAN 216 - 1: Partial Year Statement Comment: 9/30/98 - PER CONVERSATION
WITH THE BORROWER, THE PROPERTY WAS ACQUIRED IN SEPT 1997. NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION.
LOAN 217 - 1: Latest Annual Statement Comment: 12/31/97 - THE CURRENT OWNER
PURCHASED THE PROPERTY ON DEC. 18, 1996. THE PROPERTY WAS EXPANDED AND
RENOVATED IN 1997. Partial Year Statement Comment: 9/30/98 - NORMALIZED
PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 218 - 1: Partial Year Statement Comment: 8/31/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 219 - 1:
LOAN 220 - 1:
LOAN 221 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 222 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 223 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 224 - 1: Latest Annual Statement Comment: 12/31/97 - LOW DSCR DUE TO
AVERAGE OCCUPANCY RATE OF 52.73% DURING THE COURSE OF THE YEAR. LEASES FOR 2
FORMER TENANTS WHO OCCUPIED 82% OF NRA WERE EXPIRED IN THE FOURTH QUARTER OF
1996. Partial Year Statement Comment: 9/30/98 - LOW DSCR IN 1997 DUE TO
AVERAGE OCCUPANCY RATE OF 52.73% DURING THE COURSE OF THE YEAR. THERE IS NO
ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 225 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE. SUBSERVICER WAS CONTACTED TO VERIFY HIGH
REPAIRS AND MAINTENANCE EXPENSE. LOW DSCR WAS PARTLY CAUSED BY LOW OCCUPANCY.
LOAN 226 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION. BORROWER DID NOT REPORT
PROPERTY TAX EXPENSES.
LOAN 227 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 228 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES AND INSURANCE EXPENSES. NORMALIZED PROPERTY TAXES AND
INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 229 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 230 - 1: Partial Year Statement Comment: 9/30/98 - INSURANCE AND
PROPERTY TAXES ARE NOT ESCROWED FOR THIS PROPERTY.
LOAN 231 - 1: Latest Annual Statement Comment: 12/31/97 - DECREASE IN
OPERATING EXPENSES DUE IN LARGE PART TO A DECREASE IN REPAIRS AND MAINTENANCE
EXPENSE. Partial Year Statement Comment: 9/30/98 - REVENUE DECREASES DUE TO
THE SALES OF COACH UNITS. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION.
LOAN 232 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION.
LOAN 233 - 1: Partial Year Statement Comment: 9/30/97 - UPDATED FINANCIALS
HAVE BEEN REQUESTED. BORROWER HAS NOT RESPONDED TO OUR REQUEST YET.
LOAN 234 - 1:
LOAN 235 - 1: Partial Year Statement Comment: 11/30/98 - NORMALIZED
PROPERTY TAXES PER LOAN SERVICING INFORMATION.
LOAN 236 - 1: Latest Annual Statement Comment: 4/30/97 - THE PROPERTY HAS A
YEAR-END OF 4/30 Partial Year Statement Comment: 9/30/98 - NORMALIZED
PROPERTY TAX AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 237 - 1:
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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%.
Partial Year Statement Comment: 9/30/98 - MANAGEMENT FEES ARE 5% FLAT FEES
THAT INCLUDES PAYROLL, LANDSCAPING AND OTHER EXPENSES STATING IN MGMT
AGREEMENT. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.
LOAN 240 - 1: Latest Annual Statement Comment: 7/1/98 - THE LOAN WAS
UNDERWRITTEN WITH A DSCR OF 1.05. THE PROPERTY IS OCCUPIED BY A SINGLE TENANT
WITH A TRIPLE NET LEASE. Partial Year Statement Comment: 9/30/98 - THE
PROPERTY IS OCCUPIED BY A SINGLE TENANT WITH A TRIPLE NET LEASE.
LOAN 241 - 1:
LOAN 242 - 1: Latest Annual Statement Comment: 12/31/97 - DEBT SERVICE,
PROPERTY TAXES AND INSURANCE PER UNDERWRITER. Partial Year Statement Comment:
9/30/98 - NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.
LOAN 243 - 1: Latest Annual Statement Comment: 7/1/98 - PROPERTY TAXES AND
INSURANCE PER UNDERWRITER.
LOAN 244 - 1: Latest Annual Statement Comment: 12/31/96 - PROPERTY TAXES AND
INSURANCE PER UNDERWRITER. Partial Year Statement Comment: 9/30/97 -
PROPERTY TAXES AND INSURANCE PER UNDERWRITER.
LOAN 245 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY TAXES AND
INSURANCE PER UNDERWRITER. Partial Year Statement Comment: 9/30/98 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 246 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 247 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 248 - 1: Latest Annual Statement Comment: 12/31/97 - BORROWER DID NOT
REPORT PROPERTY TAXES OR INSURANCE. Partial Year Statement Comment: 10/31/98
- BORROWER DID NOT REPORT PROPERTY TAXES. NORMALIZED PROPERTY TAXES AND
INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 249 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY TAXES,
INSURANCE AND DEBT SERVICE PER UNDERWRITER.
LOAN 250 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY TAXES,
INSURANCE AND DEBT SERVICE PER UNDERWRITER.
LOAN 251 - 1: Latest Annual Statement Comment: 12/31/97 - THE LOAN IS A
10-YEAR FULLY AMORTIZING LOAN, WITH A NON-CANCELABLE LEASE. THEREFORE THE LOW
DSCR WAS APPROVED. Partial Year Statement Comment: 9/30/98 - THE LOAN IS A
10-YEAR FULLY AMORTIZING LOAN, WITH A NON-CANCELABLE LEASE. UNDERWRITTEN DSCR
OF 1.05. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.
LOAN 252 - 1:
LOAN 253 - 1:
LOAN 254 - 1:
LOAN 255 - 1: Latest Annual Statement Comment: 12/31/97 - THE PROPERTY WAS
EXPANDED TO 10,567 SF IN LATE 1996 AND A NEW, 25 YEAR LEASE WAS EXECUTED FOR
$16.62 PSF. THE OLD LEASE RATE WAS $3.41 PSF. Partial Year Statement
Comment: 9/30/98 - BORROWER DID NOT REPORT PROPERTY TAXES. NORMALIZED
PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 256 - 1: Partial Year Statement Comment: 9/30/98 - PER CONVERSATION
WITH THE BORROWER, DECREASE IN OCCUPANCY IS DUE TO HIGH COMPETITION IN THE
AREA. NORMALIZED PROPERTY TAXES PER LOAN SERVICING INFORMATION.
LOAN 257 - 1: Partial Year Statement Comment: 9/30/98 - $29,007.50 LEGAL
EXPENSE RELATED TO THE CLOSING OF THE LOAN IS NOT INCLUDED IN THE PROFESSIONAL
FEES. LARGE CAPITAL EXPENSE INCLUDES CARPETS AND BUILDING IMPROVEMENT.
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 258 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
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LOAN 259 - 1:
LOAN 260 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
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.
Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY TAXES AND
INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 263 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 264 - 1: Partial Year Statement Comment: 8/31/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 265 - 1: Latest Annual Statement Comment: 12/31/96 - THE LANDLORD
PROVIDED TENANT IMPROVEMENTS FOR 7 TENANTS CONTAINING 13,563 SF. Partial Year
Statement Comment: 9/30/97 - UPDATED FINANCIALS HAVE BEEN REQUESTED.
LOAN 266 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 267 - 1:
LOAN 268 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 269 - 1: Partial Year Statement Comment: 11/17/98 - NORMALIZED
PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 270 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 271 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 272 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 273 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 274 - 1: Status Comment: Loan was reactivated on July 22, 1998.
Latest Annual Statement Comment: 9/30/98 - PROFESSIONAL FEES INCLUDE LEGAL FEES
RELATED TO THE CLOSING OF THE LOAN. DEFFERED MAINTENANCE EXP. WAS INCLUDED IN
THE REPAIR AND MAINTENACE EXP. CONFIRMED HIGH MANAGEMENT FEES WITH THE
SUBSERVICER. THERE IS NO ESCROW FOR PROPERTY TAXES AND INSURANCE.
LOAN 275 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION. HIGHER DSCR DUE TO BACK
PAYMENTS MADE BY TENANTS FOR 1997 EXPENSES.
LOAN 276 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION. HIGHER DSCR DUE TO INCREASE IN OCCUPANCY RATE.
LOAN 277 - 1: Partial Year Statement Comment: 10/31/98 - NORMALIZED
PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 278 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 279 - 1:
LOAN 280 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES AND INSURANCE. NORMALIZED PROPERTY TAXES AND INSURANCE
PER LOAN SERVICING INFORMATION.
LOAN 281 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES AND INSURANCE. NORMALIZED PROPERTY TAXES AND INSURANCE
PER LOAN SERVICING INFORMATION.
LOAN 282 - 1: Partial Year Statement Comment: 9/30/98 - THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 283 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES. NORMALIZED PROPERTY TAXES PER LOAN SERVICING
INFORMATION.
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LOAN 284 - 1:
LOAN 285 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION.
LOAN 286 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION.
LOAN 287 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 288 - 1: Latest Annual Statement Comment: 12/31/97 - BORROWER DID NOT
REPORT PROPERTY TAXES. Partial Year Statement Comment: 9/30/98 - NORMALIZED
PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 289 - 1:
LOAN 290 - 1:
LOAN 291 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION. BORROWER DID NOT REPORT
ANY PROPERTY TAXES.
LOAN 292 - 1: Partial Year Statement Comment: 9/30/98 - SUBSERVICER WAS
CONTACTED TO VERIFY HIGH REPAIRS AND MAINTENANCE EXPENSE. THERE IS NO ESCROW
FOR PROPERTY TAXES AND INSURANCE.
LOAN 293 - 1: Partial Year Statement Comment: 9/30/97 - UPDATED FINANCIALS
HAVE BEEN REQUESTED. BORROWER HAS NOT RESPONDED TO OUR REQUEST YET.
LOAN 294 - 1: Partial Year Statement Comment: 9/30/98 - TRIPLE NET LEASE.
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 295 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 296 - 1:
LOAN 297 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER DID NOT
REPORT PROPERTY TAXES AND INSURANCE. NORMALIZED PROPERTY TAXES AND INSURANCE
PER LOAN SERVICING INFORMATION.
LOAN 298 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 299 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION. LETTER FROM BORROWER
STATES THAT RENT INCREASE 4% PER YEAR.
LOAN 300 - 1: Partial Year Statement Comment: 9/30/98 - PER CONVERSATION
WITH BORROWER, THE PROPERTY WAS ACQUIRED IN MAY 1998. NORMALIZED PROPERTY TAXES
AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 301 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 302 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES PER LOAN SERVICING INFORMATION.
LOAN 303 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 304 - 1:
LOAN 305 - 2:
LOAN 305 - 1:
LOAN 306 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY TAXES,
INSURANCE AND DEBT SERVICE PER UNDERWRITER. Partial Year Statement Comment:
9/30/98 - NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 307 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 308 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 309 - 1: Partial Year Statement Comment: 7/31/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
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LOAN 310 - 1: Partial Year Statement Comment: 3/31/98 - THIRD QUARTER YTD
OPERATING STATEMENT WAS REQUESTED. NORMALIZED PROPERTY TAXES AND INSURANCE PER
LOAN SERVICING INFORMATION.
LOAN 311 - 1: Latest Annual Statement Comment: 12/31/96 - PROPERTY TAXES,
INSURANCE AND DEBT SERVICE PER UNDERWRITER. Partial Year Statement Comment:
9/30/98 - PER CONVERSATION WITH BORROWER, PROPERTY WAS ACQUIRED IN FEB.,
ADVERTISING EXPENSES WOULD NOT GREATER THAN $5,000, AND ALL UTILITIES ARE PAID
BY BORROWER. FISCAL YEAR END IS 06/30. NORMALIZED PROPERTY TAXES AND INSURANCE
PER LOAN SERVICING INFORMATION.
LOAN 312 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY TAXES AND
INSURANCE PER UNDERWRITER. Partial Year Statement Comment: 11/30/98 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 313 - 1: Latest Annual Statement Comment: 12/31/97 - BORROWER PURCHASED
THE PROPERTY IN FEBRUARY 1997. THE STATEMENT REPRESENTS 10 MONTH ANNUALIZED
OPERATION. Partial Year Statement Comment: 10/31/98 - NORMALIZED INSURANCE
PER LOAN SERVICING INFORMATION.
LOAN 314 - 1: Partial Year Statement Comment: 9/30/98 - HISTORICAL
STATEMENTS WERE PROVIDED BY PREVIOUS OWNER. BORROWER ACQUIRED THE PROPERTY ON
FEB. 25, 1998. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.
LOAN 315 - 1: Partial Year Statement Comment: 9/30/98 - BORROWER REPORTED A
COMBINED PROPERTY TAXES AND INSURANCE EXPENSE. NORMALIZED PROPERTY TAXES AND
INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 316 - 1:
LOAN 317 - 1:
LOAN 318 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY TAXES,
INSURANCE AND DEBT SERVICE PER UNDERWRITER.
LOAN 319 - 1:
LOAN 320 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 321 - 1: Latest Annual Statement Comment: 12/31/97 - PROPERTY TAXES,
INSURANCE AND DEBT SERVICE PER UNDERWRITER. Partial Year Statement Comment:
9/30/98 - CLOSING OF A LOCAL FACTORY IN EARLY 1998 CAUSED OCCUPANCY RATE AND
REVENUE TO DECREASE. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN
SERVICING INFORMATION.
LOAN 322 - 1: Partial Year Statement Comment: 9/30/98 - NORMALIZED PROPERTY
TAXES AND INSURANCE EXPENSE PER LOAN SERVICING INFORMATION.
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