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 : August 17, 1998
(Date of earliest event reported)
Commission File No.: 333-45467
Morgan Stanley Capital I, Inc.
Commercial Mortgage Pass-Through Certificates
Series 1998-WF2
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
Pending
(I.R.S. Employer Identification No.)
c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way
Frederick, Maryland 21703
(Address of principal executive offices) (Zip Code)
(301) 696-7900
Registrant's Full Telephone Number
(Former name, former address and former fiscal year,
if changed since last report)
ITEM 5. Other Events
On August 17, 1998 a distribution was made to holders of Morgan Stanley Capital
I, Inc., Commercial Mortgage Pass-Through Certificates Series 1998-WF2
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial Mortgage
Pass-Through Certificates, Series 1998-WF2, relating to the
August 17, 1998 distribution
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Morgan Stanley Capital I, Inc.
Commercial Mortgage Pass-Through Certificates
Series 1998-WF2
August 28, 1998 by Norwest Bank Minnesota, N.A., as Trustee
/s/ Sherri J. Sharps, Vice President
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-WF2 Trust, relating to the August 17,
1998 distribution
Norwest Bank Minnesota, N. A.
Corporate Trust Services Morgan Stanley Capital I, Inc.
3 New York Plaza, 15th Floor Commercial Mortgage Pass-Through Certificates
New York, NY 10004 Series 1998-WF2
For Additional Information, please contact
Leslie Gaskill
(212)509-1630
Reports Available on the World Wide Web
@ www.securitieslink.net/cmbs
Payment Date: 8/17/98
Record Date: 7/31/98
DISTRIBUTION DATE STATEMENT
Table of Contents
STATEMENT SECTIONS PAGE(s)
Certificate Distribution Detail 2
Certificate Factor Detail 3
Reconciliation Detail 4
Other Required Information 5
Ratings Detail 6
Current Mortgage Loan and Property Stratification Tables 7-9
Mortgage Loan Detail 10-16
Principal Prepayment Detail 17
Historical Detail 18
Delinquency Loan Detail 19
Specially Serviced Loan Detail 20-21
Modified Loan Detail 22
Liquidated Loan Detail 23
This report has been compiled from information provided to Norwest by various
third parties, which may include the Servicer, Master Servicer, Special Servicer
and others. Norwest has not independently confirmed the accuracy of information
received from these third parties and assumes no duty to do so. Norwest
expressly disclaims any responsibility for the accuracy or completeness of
information furnished by third parties.
Underwriter
Morgan Stanley & Co., Incorporated
1585 Broadway
New York, NY 10036
Contact: General Information Number
Phone Number: (212) 761-4700
Master Servicer
Wells Fargo Bank, National Association
555 Montgomery Street, 17th Floor
San Francisco, CA 94111
Contact: Matilde Sanchez
Phone Number: (510) 677-5225
Special Servicer
CRIIMI MAE Services
Limited Partnership
11200 Rockville Pike
Rockville, MD 20852
Contact: Kathryn Parks
Phone Number: (301) 816-2300
Copyright 1997, Norwest Bank Minnesota, N.A.
<TABLE>
<CAPTION>
Certificate Distribution Detail
Class CUSIP Pass- Through Original Beginning Principal
Rate Balance Balance Distribution
<S> <C> <C> <C> <C> <C>
A-1 61745MGW7 6.340000% 221,000,000.00 219,839,909.33 1,023,712.63
A-2 61745MGX5 6.540000% 564,882,000.00 564,882,000.00 0.00
B 61745MGZ0 6.630000% 53,100,000.00 53,100,000.00 0.00
C 61745MHA4 6.770000% 47,790,000.00 47,790,000.00 0.00
D 61745MHB2 7.072251% 53,100,000.00 53,100,000.00 0.00
E 61745MHC0 7.292251% 21,240,000.00 21,240,000.00 0.00
F 61745MHD8 6.340000% 21,240,000.00 21,240,000.00 0.00
G 61745MHE6 6.340000% 23,896,000.00 23,896,000.00 0.00
H 61745MHF3 6.340000% 10,620,000.00 10,620,000.00 0.00
J 61745MHG1 6.340000% 7,965,000.00 7,965,000.00 0.00
K 61745MHH9 6.340000% 7,965,000.00 7,965,000.00 0.00
L 61745MHJ5 6.340000% 15,930,000.00 15,930,000.00 0.00
M 61745MHK2 6.340000% 5,310,000.00 5,310,000.00 0.00
N 61745MHL0 6.340000% 7,965,094.00 7,965,094.00 0.00
R-I N/A 0.000000% 0.00 0.00 0.00
R-II N/A 0.000000% 0.00 0.00 0.00
R-III N/A 0.000000% 0.00 0.00 0.00
Totals 1,062,003,094.00 1,060,843,003.33 1,023,712.63
</TABLE>
<TABLE>
<CAPTION>
Class CUSIP Interest Prepayment Realized Loss Total
Distribution Premiums Distribution
<S> <C> <C> <C> <C> <C>
A-1 61745MGW7 1,161,487.52 0.00 0.00 2,185,200.15
A-2 61745MGX5 3,078,606.90 0.00 0.00 3,078,606.90
B 61745MGZ0 293,377.50 0.00 0.00 293,377.50
C 61745MHA4 269,615.25 0.00 0.00 269,615.25
D 61745MHB2 312,947.11 0.00 0.00 312,947.11
E 61745MHC0 129,072.84 0.00 0.00 129,072.84
F 61745MHD8 112,218.00 0.00 0.00 112,218.00
G 61745MHE6 126,250.53 0.00 0.00 126,250.53
H 61745MHF3 56,109.00 0.00 0.00 56,109.00
J 61745MHG1 42,081.75 0.00 0.00 42,081.75
K 61745MHH9 42,081.75 0.00 0.00 42,081.75
L 61745MHJ5 84,163.50 0.00 0.00 84,163.50
M 61745MHK2 28,054.50 0.00 0.00 28,054.50
N 61745MHL0 42,082.25 0.00 0.00 42,082.25
R-I N/A 0.00 0.00 0.00 0.00
R-II N/A 0.00 0.00 0.00 0.00
R-III N/A 0.00 0.00 0.00 0.00
Totals 5,778,148.40 0.00 0.00 6,801,861.03
</TABLE>
<TABLE>
<CAPTION>
Current
Subordination
Class CUSIP Ending Bal Level(1)
<S> <C> <C> <C>
A-1 61745MGW7 218,816,196.70 26.05%
A-2 61745MGX5 564,882,000.00 26.05%
B 61745MGZ0 53,100,000.00 21.04%
C 61745MHA4 47,790,000.00 16.53%
D 61745MHB2 53,100,000.00 11.52%
E 61745MHC0 21,240,000.00 9.52%
F 61745MHD8 21,240,000.00 7.52%
G 61745MHE6 23,896,000.00 5.26%
H 61745MHF3 10,620,000.00 4.26%
J 61745MHG1 7,965,000.00 3.51%
K 61745MHH9 7,965,000.00 2.76%
L 61745MHJ5 15,930,000.00 1.25%
M 61745MHK2 5,310,000.00 0.75%
N 61745MHL0 7,965,094.00 0.00%
R-I N/A 0.00 0.00%
R-II N/A 0.00 0.00%
R-III N/A 0.00 0.00%
Totals 1,059,819,290.70
<FN>
Calculated by taking (A) the sum of the ending certificate balance of all
classes less (B) the sum of (I) the ending certificate balance of the designated
class and (ii) the ending certificate balance of all classes which are not
subordinate to the designated class and dividing the result by (A).
</FN>
</TABLE>
<TABLE>
<CAPTION>
Original Beginning
Pass-Through Notional Notional
Class CUSIP Rate Amount Amount
<S> <C> <C> <C> <C>
X 61745MGY3 0.826149% 1,062,003,094.00 1,060,843,003.33
</TABLE>
<TABLE>
<CAPTION>
Interest Prepayment Total Ending
Class CUSIP Distribution Premiums Distribution Notional
Amount
<S> <C> <C> <C> <C> <C>
X 61745MGY3 730,345.41 0.00 730345.41 1,059,819,290.70
</TABLE>
<TABLE>
<CAPTION>
Certificate Factor Detail
Beginning Principal Interest Prepayment Realized Ending
Class CUSIP Balance Distribution Distribution Premiums Loss Balance
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 61745MGW7 994.75072095 4.63218385 5.25559964 0.00000000 0.00000000 990.11853710
A-2 61745MGX5 1,000.00000000 0.00000000 5.45000000 0.00000000 0.00000000 1,000.00000000
B 61745MGZ0 1,000.00000000 0.00000000 5.52500000 0.00000000 0.00000000 1,000.00000000
C 61745MHA4 1,000.00000000 0.00000000 5.64166667 0.00000000 0.00000000 1,000.00000000
D 61745MHB2 1,000.00000000 0.00000000 5.89354256 0.00000000 0.00000000 1,000.00000000
E 61745MHC0 1,000.00000000 0.00000000 6.07687571 0.00000000 0.00000000 1,000.00000000
F 61745MHD8 1,000.00000000 0.00000000 5.28333333 0.00000000 0.00000000 1,000.00000000
G 61745MHE6 1,000.00000000 0.00000000 5.28333319 0.00000000 0.00000000 1,000.00000000
H 61745MHF3 1,000.00000000 0.00000000 5.28333333 0.00000000 0.00000000 1,000.00000000
J 61745MHG1 1,000.00000000 0.00000000 5.28333333 0.00000000 0.00000000 1,000.00000000
K 61745MHH9 1,000.00000000 0.00000000 5.28333333 0.00000000 0.00000000 1,000.00000000
L 61745MHJ5 1,000.00000000 0.00000000 5.28333333 0.00000000 0.00000000 1,000.00000000
M 61745MHK2 1,000.00000000 0.00000000 5.28333333 0.00000000 0.00000000 1,000.00000000
N 61745MHL0 1,000.00000000 0.00000000 5.28333376 0.00000000 0.00000000 1,000.00000000
R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
</TABLE>
<TABLE>
<CAPTION>
Beginnning Ending
Notional Interest Prepayment Notional
Class CUSIP Amount Distribution Premiums Amount
<S> <C> <C> <C> <C> <C>
X 61745MGY3 98.90763909 0.68770554 0.00000000 997.94369403
</TABLE>
<TABLE>
<CAPTION>
Reconciliation Detail
Advance Summary
<S> <C>
P & I Advances Outstanding 42,625.41
Servicing Advances Outstanding 0.00
Reimbursement for Interest on Advances
paid from general collections 0.00
</TABLE>
<TABLE>
<CAPTION>
Servicing Fee Breakdowns
<S> <C>
Current Period Accrued Servicing Fees 48,725.05
Less Delinquent Servicing Fees 437.34
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 2,529.16
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 50,816.87
</TABLE>
<TABLE>
<CAPTION>
Certificate Interest Reconciliation
Class Accrued Net Aggregate Realized Previously Unpaid Distributable Distributable Interest Remaining
Certificate Prepayment Losses/ Interest (including Certificate Certif. Int Distrib. Unpaid
Interest Interest Shortfall Expense Losses Interest thereon) Interest Adjustment Interest
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 1,161,487.52 0.00 0.00 0.00 1,161,487.52 0.00 1,161,487.52 0.00
A-2 3,078,606.90 0.00 0.00 0.00 3,078,606.90 0.00 3,078,606.90 0.00
X 730,345.41 0.00 0.00 0.00 730,345.41 0.00 730,345.41 0.00
B 293,377.50 0.00 0.00 0.00 293,377.50 0.00 293,377.50 0.00
C 269,615.25 0.00 0.00 0.00 269,615.25 0.00 269,615.25 0.00
D 312,947.11 0.00 0.00 0.00 312,947.11 0.00 312,947.11 0.00
E 129,072.84 0.00 0.00 0.00 129,072.84 0.00 129,072.84 0.00
F 112,218.00 0.00 0.00 0.00 112,218.00 0.00 112,218.00 0.00
G 126,250.53 0.00 0.00 0.00 126,250.53 0.00 126,250.53 0.00
H 56,109.00 0.00 0.00 0.00 56,109.00 0.00 56,109.00 0.00
J 42,081.75 0.00 0.00 0.00 42,081.75 0.00 42,081.75 0.00
K 42,081.75 0.00 0.00 0.00 42,081.75 0.00 42,081.75 0.00
L 84,163.50 0.00 0.00 0.00 84,163.50 0.00 84,163.50 0.00
M 28,054.50 0.00 0.00 0.00 28,054.50 0.00 28,054.50 0.00
N 42,082.25 0.00 0.00 0.00 42,082.25 0.00 42,082.25 0.00
Totals 6,508,493.81 0.00 0.00 0.00 6,508,493.81 0.00 6,508,493.81 0.00
</TABLE>
<TABLE>
<CAPTION>
Other Required Information
<S> <C>
Available Distribution Amount 7,532,206.44
Principal Distribution Amount 1,023,712.63
(a) Principal portion of scheduled payment 1,023,712.63
and any Assumed Scheduled Payments
(b) Principal payments 0.00
(c) Principal portion of balloon payments 0.00
(d) Liquidation, condemnation, purchase, 0.00
and insurance proceeds and REO income
received on a mortgage loan
Aggregate Number of Outstanding Mortgage Loans 219
Aggregate Unpaid Principal Balance of the Mortgage Loans 1,059,823,732.34
Aggregate scheduled principal balance of the mortgage loans 1,059,819,290.46
Total servicing and special servicing fee paid 50,816.87
Servicing fee paid 43,794.36
Special servicing fee paid 0.00
Special servicing standby fee paid 4,493.35
Trustee Fee Paid 2,711.32
Expense losses (additional trust fund expenses) 0.00
(i) Special servicing and liquidation feed 0.00
(ii) Advance interest 0.00
(iii) Indemmnification expenses 0.00
(iv) Taxes imposed on the trust 0.00
(v) Amount of any advance not recovered 0.00
upon a final recovery determination
</TABLE>
<TABLE>
<CAPTION>
Appraisal Reduction Amount
Appraisal Date Appraisal
Loan Reduction Reduction
Number Effected Effected
<S> <C> <C>
None
Total
</TABLE>
<TABLE>
<CAPTION>
Ratings Detail
Original Ratings
Class Cusip DCR Fitch Moody's S&P
<S> <C> <C> <C> <C> <C>
A-1 61745MGW7 AAA AAA X X
A-2 61745MGX5 AAA AAA X X
X 61745MGY3 AAA AAA X X
B 61745MGZ0 AA AA X X
C 61745MHA4 A A X X
D 61745MHB2 BBB BBB X X
E 61745MHC0 BBB- NR X X
F 61745MHD8 BB+ BB+ X X
G 61745MHE6 BB BB X X
H 61745MHF3 BB- BB- X X
J 61745MHG1 B+ B+ X X
K 61745MHH9 B B X X
L 61745MHJ5 NR B- X X
M 61745MHK2 NR CCC X X
N 61745MHL0 NR NR X X
</TABLE>
<TABLE>
<CAPTION>
Current Ratings (1)
Class Cusip DCR Fitch Moody's S&P
<S> <C> <C> <C> <C> <C>
A-1 61745MGW7 AAA AAA X X
A-2 61745MGX5 AAA AAA X X
X 61745MGY3 AAA AAA X X
B 61745MGZ0 AA AA X X
C 61745MHA4 A A X X
D 61745MHB2 BBB BBB X X
E 61745MHC0 BBB- NR X X
F 61745MHD8 BB+ BB+ X X
G 61745MHE6 BB BB X X
H 61745MHF3 BB- BB- X X
J 61745MHG1 B+ B+ X X
K 61745MHH9 B B X X
L 61745MHJ5 NR B- X X
M 61745MHK2 NR CCC X X
N 61745MHL0 NR NR X X
<FN>
NR - Designates that the class was not rated by the above agency at the time of
original issuance.
X - Designates that the above rating agency did not rate any classes in this
transaction at the time of original issuance.
N/A - Data not available this period.
1) For any class not rated at the time of original issuance by any particular
rating agency, no request has been made subsequent to issuance to obtain rating
information, if any, from such rating agency. The current ratings were obtained
directly from the applicable rating agency within 30 days of the payment date
listed above. The ratings may have changed since they were obtained. Because the
ratings may have changed, you may want to obtain current ratings directly from
the rating agencies.
Duff & Phelps Credit Rating Co.
55 East Monroe Street
Chicago, Illinois 60603
(312) 368- 3100
Fitch IBCA, Inc.
One State Street Plaza
New York, New York 10004
(212) 908- 0500
Moodys Investors Service
99 Church Street
New York, New York 10007
(212) 553- 0300
Standard & Poors Rating Services
26 Broadway
New York, New York 10004
(212) 208- 8000
</FN>
</TABLE>
<TABLE>
<CAPTION>
Current Mortgage Loan and Property Stratification Tables
Scheduled Balance
% of
Scheduled # of Scheduled Agg WAM Weighted
Balance Loans Balance Bal. (2) WAC Avg DSCR(1)
<S> <C> <C> <C> <C> <C> <C>
Below 1,000,000 17 14,445,880.38 1.36 123 7.3719 1.738138
1,000,001 to 2,000,000 52 80,794,949.09 7.62 146 7.2682 1.581935
2,000,001 to 3,000,000 40 96,913,853.59 9.14 130 7.2964 1.616735
3,000,001 to 4,000,000 33 117,043,006.05 11.04 121 7.1509 1.592604
4,000,001 to 5,000,000 27 120,267,035.86 11.35 127 7.3498 1.612610
5,000,001 to 6,000,000 12 65,216,522.36 6.15 120 7.3650 1.582417
6,000,001 to 7,000,000 3 19,331,137.67 1.82 114 7.1870 1.651936
7,000,001 to 8,000,000 5 38,084,211.30 3.59 95 6.9951 1.531670
8,000,001 to 9,000,000 7 60,377,461.32 5.70 124 7.4341 1.504771
9,000,001 to 10,000,000 2 18,430,966.94 1.74 117 7.0202 1.666788
10,000,001 to 15,000,000 9 103,671,453.07 9.78 108 7.1679 1.672199
15,000,001 to 20,000,000 4 67,301,425.82 6.35 182 7.7100 1.634625
20,000,001 to 25,000,000 1 20,758,217.58 1.96 177 7.6800 1.560000
25,000,001 and greater 7 237,183,169.43 22.38 154 7.1058 1.442419
Totals 219 1,059,819,290.46 100.00 135 7.2583 1.569008
</TABLE>
<TABLE>
<CAPTION>
State (3)
# of Scheduled % of Weighted
State Props. Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
Alabama 1 5,268,215.08 0.50 55 6.6850 2.700000
Arizona 9 41,841,816.92 3.95 117 7.0889 1.696412
California 100 392,993,404.54 37.08 133 7.2729 1.648370
Colorado 11 75,981,527.80 7.17 145 7.0794 1.637411
Florida 15 57,868,643.89 5.46 111 7.3129 1.386371
Georgia 5 15,483,352.63 1.46 124 7.2795 1.432115
Illinois 2 5,282,235.91 0.50 115 7.2338 1.260949
Indiana 6 28,919,696.08 2.73 130 7.1262 1.410270
Kansas 1 2,588,053.09 0.24 113 7.7600 1.310000
Maine 2 5,701,949.28 0.54 114 7.6050 1.458293
Maryland 3 22,953,203.63 2.17 114 7.6040 1.512356
Massachusetts 2 4,630,850.62 0.44 115 7.4664 1.697219
Michigan 4 19,800,009.57 1.87 131 7.2372 1.423574
Minnesota 3 19,157,440.52 1.81 116 7.3654 1.535693
Missouri 2 7,814,675.26 0.74 116 7.4484 1.506570
Nevada 6 9,749,975.00 0.92 122 7.3215 1.600066
New Hampshire 1 8,552,923.92 0.81 114 7.6050 1.470000
New Jersey 3 58,098,662.05 5.48 114 7.1798 1.390599
New Mexico 1 8,344,781.24 0.79 114 7.6550 1.510000
New York 1 17,383,845.08 1.64 133 8.0500 2.560000
North Carolina 5 12,092,381.56 1.14 114 7.2277 1.379853
Ohio 7 25,037,366.60 2.36 127 7.2801 1.386146
Oregon 3 5,277,180.09 0.50 115 7.1269 1.683108
Rhode Island 1 13,561,090.80 1.28 116 7.0800 1.390000
South Carolina 2 3,101,524.52 0.29 185 7.1489 1.228806
Texas 11 38,922,014.45 3.67 125 6.8003 1.837318
Utah 3 9,155,956.20 0.86 145 7.3432 1.436981
Vermont 1 3,285,400.91 0.31 114 7.3900 1.350000
Virginia 3 41,222,692.58 3.89 113 7.1455 1.324361
Washington 5 15,370,011.41 1.45 117 7.1591 1.622380
Washington, DC 1 51,780,776.23 4.89 296 7.4600 1.270000
West Virginia 1 5,277,144.84 0.50 114 7.7400 1.430000
Wisconsin 6 27,320,488.16 2.58 115 7.2615 1.500656
Totals 227 1,059,819,290.46 100.00 135 7.2583 1.569008
</TABLE>
<TABLE>
<CAPTION>
Debt Service Coverage Ratio
Debt Service # of Scheduled % of Weighted
Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
1.15 or less 2 2,975,179.00 0.28 209 7.2432 1.083236
1.16 to 1.25 14 65,148,270.85 6.15 159 7.7950 1.218606
1.26 to 1.35 28 212,148,294.13 20.02 171 7.3526 1.289632
1.36 to 1.50 72 356,695,850.61 33.66 119 7.2251 1.429209
1.51 to 1.75 54 210,045,182.73 19.82 131 7.2327 1.587586
1.76 to 2.00 22 99,944,645.58 9.43 121 6.9933 1.877908
2.01 and above 27 112,861,867.56 10.65 116 7.1585 2.442939
Totals 219 1,059,819,290.46 100.00 135 7.2583 1.569008
</TABLE>
<TABLE>
<CAPTION>
Note Rate
Note # of Scheduled % of Weighted
Rate Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
6.75014or less 14 98,035,155.75 9.25 112 6.6767 1.897395
6.751% to 7.001% 43 197,988,280.47 18.68 127 6.9244 1.704473
7.001% to 7.250% 54 271,093,969.21 25.58 116 7.1262 1.506033
7.251% to 7.500% 48 242,882,402.02 22.92 158 7.3796 1.441843
7.501% to 7.750% 39 158,435,484.36 14.95 144 7.6137 1.477158
7.751% to 8.000% 13 36,022,033.11 3.40 128 7.8840 1.361705
8.001% to 8.250% 5 28,454,649.91 2.68 128 8.0738 2.247797
8.251% to 8.500% 3 26,907,315.63 2.54 208 8.2768 1.258670
Totals 219 1,059,819,290.46 100.00 135 7.2583 1.569008
</TABLE>
<TABLE>
<CAPTION>
Property Type(3)
Property # of Scheduled % of Weighted
Type Props Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
Industrial 37 97,192,751.81 9.17 117 7.2615 1.544002
Lodging 20 125,264,344.42 11.82 121 7.6258 1.657990
Mobil Home Park 8 27,856,510.81 2.63 102 7.1668 1.521952
Multi-Family 61 274,427,560.71 25.89 125 7.0236 1.549546
Office 25 187,764,741.62 17.72 165 7.2633 1.494708
Other 2 22,617,605.23 2.13 213 7.5848 1.285951
Retail 61 276,322,638.16 26.07 135 7.3350 1.594073
Self Storage 13 48,373,137.70 4.56 119 7.0737 1.803916
Totals 227 1,059,819,290.46 100.00 135 7.2583 1.569008
</TABLE>
<TABLE>
<CAPTION>
Seasoning
# of Scheduled % of Weighted
Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
12 months or less 218 1,057,548,532.79 99.79 135 7.2568 1.569049
13 to 24 months 0 0.00 0.00 0 0.0000 0.000000
25 to 36 months 1 2,270,757.67 0.21 55 7.9600 1.550000
37 to 48 months 0 0.00 0.00 0 0.0000 0.000000
49 and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 219 1,059,819,290.46 100.00 135 7.2583 1.569008
</TABLE>
<TABLE>
<CAPTION>
Anticipated Remaining Term (ARD and Balloon Loans)
Anticipated # of Scheduled % of Weighted
Remaining Term(2) Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
60 months or less 5 29,137,940.75 2.75 55 7.1902 2.070993
61 to 120 months 170 807,818,076.19 76.22 115 7.1811 1.553368
121 to 180 months 14 76,357,743.28 7.20 163 7.6110 1.837849
181 to 240 months 5 29,651,062.29 2.80 232 7.9888 1.313320
241 to 300 months 0 0.00 0.00 0 0.0000 0.000000
Totals 194 942,964,822.51 88.97 120 7.2416 1.584851
</TABLE>
<TABLE>
<CAPTION>
Remaining Stated Term (Fully Amortizing Loans)
Remaining # of Scheduled % of Weighted
Stated Term(2) Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
60 months or less 0 0.00 0.00 0 0.0000 0.000000
61 to 120 months 1 2,049,897.23 0.19 114 6.9100 1.290000
121 to 180 months 12 22,853,509.65 2.16 176 7.3403 1.900990
181 to 240 months 11 40,170,284.84 3.79 236 7.3617 1.407921
241 to 300 months 1 51,780,776.23 4.89 296 7.4600 1.270000
Totals 25 116,854,467.95 11.03 249 7.3932 1.441167
</TABLE>
<TABLE>
<CAPTION>
Remaining Amortization Term (ARD and Balloon Loans)
Remaining # of Scheduled % of Weighted
Amortization Term Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
60 months or less 0 0.00 0.00 0 0.0000 0.000000
61 to 120 months 1 2,205,187.90 0.21 53 6.8000 2.580000
121 to 180 months 2 1,477,618.20 0.14 116 6.8813 2.039832
181 to 240 months 16 40,882,369.24 3.86 117 7.4231 1.626146
241 to 300 months 85 345,320,371.07 32.58 117 7.3392 1.640575
301 months or greater 90 553,079,276.10 52.19 123 7.1699 1.541823
Totals 194 942,964,822.51 88.97 120 7.2416 1.584851
</TABLE>
<TABLE>
<CAPTION>
Age of Most Recent NOI
Age of Most # of Scheduled % of Weighted
Recent NOI Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
1 year or less 219 1,059,819,290.46 100.00 135 7.2583 1.569008
1 to 2 years 0 0.00 0.00 0 0.0000 0.000000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 219 1,059,819,290.46 100.00 135 7.2583 1.569008
<FN>
(1) Debt Service Coverage Ratios are calculated as described in the prospectus,
values are updated periodically as new NOI figures become available from
borrowers on an asset level. The Trustee makes no representations as to the
accuracy of the data provided by the borrower for this calculation. "NAP" means
not applicable and relates to the ommission of credit lease loans in the
calculation of DSCR.
(2)Anticipated Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro- rata the current loan
information to the properties based upon the Cut- off Date Balance of each
property as disclosed in the offering document.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Mortgage Loan Detail
Loan Property Interest Principal Gross
Number ODCR Type (1) City State Payment Payment Coupon
<S> <C> <C> <C> <C> <C> <C> <C>
700851733 1 OF Washington DC 332,954.95 49,968.53 7.460%
700851674 2 OF Arlington VA 211,681.44 29,048.10 7.190%
310851088 3 SS San Juan Capistrano CA 206,515.76 36,707.09 6.940%
310850886 10 RT Westminster CO 174,357.09 21,605.81 6.690%
310851076 11 RT Los Angeles CA 172,135.71 25,384.14 6.897%
600870150 12 OF Secaucus NJ 181,456.10 18,941.21 7.040%
310850772 13 MF Blackwood NJ 155,337.50 0.00 7.310%
310850797 14.1 RT Santa Ana CA 36,291.41 3,562.98 8.260%
310850695 14.2 RT Santa Ana CA 114,352.16 11,226.82 8.260%
310850983 15 LO San Diego CA 137,405.00 18,748.71 7.680%
310851086 16 OT Highlands Ranch CO 116,996.41 29,037.39 7.520%
600870151 17 RT Long Island City NY 120,562.47 8,456.83 8.050%
310851040 18 MF West Lafayette IN 91,490.45 9,787.58 6.950%
700851744 19 RT Cranston RI 82,729.17 8,483.84 7.080%
310851046 20 LO San Francisco CA 73,027.72 14,251.02 7.320%
600870152 21 MF Madison WI 72,239.99 7,757.56 7.020%
600870153 22 MF Harrison Township MI 70,527.13 7,248.38 7.120%
310850981 23 OF Cupertino CA 65,862.29 9,800.02 6.890%
310850947 24 MF Mesa AZ 61,905.25 10,450.85 6.540%
600870154 25 RT Bel Air MD 70,125.55 6,336.62 7.440%
600870155 26 MF Minnetonka MN 65,420.54 6,331.00 7.210%
310850933 27 LO San Diego CA 71,856.87 9,114.31 7.990%
310850899 28 RT Cameron Park CA 52,972.57 10,473.20 7.350%
310851058 29 RT Cameron Park CA 7,216.97 1,193.01 7.890%
310851023 30 MF Mesquite TX 53,809.45 6,355.71 6.725%
310850880 31 IN Lodi CA 55,854.21 11,059.49 7.320%
310851024 32 MF Dallas TX 51,784.36 6,116.52 6.725%
600880000 33 LO College Park MD 57,903.68 8,167.17 7.655%
700851739 34 LO San Diego CA 56,712.80 7,925.52 7.660%
600880001 35 LO Portsmouth NH 56,064.35 8,152.00 7.605%
310850881 36 IN Fairfield CA 52,865.85 10,240.55 7.420%
600880002 37 LO Albuquerque NM 55,059.02 7,865.60 7.655%
310851028 38 MF Lancaster TX 45,709.10 5,398.94 6.725%
310850859 39 IN Union City CA 47,565.28 9,418.09 7.370%
700851713 40 MF Vista CA 44,295.60 5,441.88 6.710%
310850869 41 MH Nokomis FL 44,797.35 9,268.29 7.220%
600870156 42 MF Parma OH 44,165.09 4,868.66 6.960%
600870157 43 RT Orlando FL 41,263.73 4,363.97 7.070%
310850964 44 OF Los Gatos CA 38,290.22 8,045.10 7.095%
600870158 45 MF Statesboro GA 38,905.37 3,530.91 7.415%
310850980 47 MF Madison WI 36,369.59 3,730.05 7.045%
310851069 48 MH Pleasanton CA 36,941.80 3,623.15 7.160%
700851715 49 MH Bakersfield CA 37,103.23 3,664.69 7.210%
310851031 50 MF Puyallup WA 31,430.84 7,004.55 6.875%
700851703 51 RT Lake Havasu City AZ 33,702.10 3,328.76 7.210%
310850727 52 OF Charleston WV 34,062.55 3,870.68 7.740%
310850907 53 RT Huntsville AL 30,361.39 6,039.67 6.685%
310851090 54 MF SeaTac WA 31,511.97 6,334.43 7.220%
310850998 55 OF Brea CA 30,772.62 6,345.60 7.110%
600870159 56 MF Durham NC 20,675.12 2,211.29 7.000%
600870160 57 MF Durham NC 9,997.34 1,142.07 6.850%
310851054 58 RT Ponte Vedra Beach FL 33,686.80 2,603.84 7.680%
600870162 59 RT Placentia CA 35,086.06 5,466.28 8.350%
600870161 60 LO Columbia MO 32,429.14 8,043.96 7.550%
600870163 61 RT Aspen CO 30,741.37 3,062.76 7.160%
310850945 62 MF Gainesville FL 30,247.96 5,250.85 7.050%
600870164 63 LO Lake Forest CA 32,889.92 4,614.29 7.670%
310850858 64 RT Healdsburg CA 30,490.57 6,037.23 7.370%
600870165 65 LO Jensen Beach FL 30,925.02 5,086.81 7.255%
600870166 66 OF Ft. Lauderdale FL 29,745.74 2,570.82 7.460%
600870167 67 LO Port St. Lucie FL 30,315.24 4,330.76 7.655%
600870168 68 OT Mayfield Heights OH 30,930.62 2,310.89 7.840%
310850919 69 MF Indianapolis IN 26,807.39 5,119.93 6.800%
600870169 70 RT Coral Springs FL 19,594.33 3,069.34 7.360%
600870170 71 RT Coral Springs FL 8,803.25 1,378.98 7.360%
310850828 72 LO Tempe AZ 30,182.76 7,906.39 8.160%
310850923 73 MF Los Angeles CA 25,568.22 8,634.73 6.990%
310851050 74 MF Tucson AZ 27,773.40 2,511.80 7.340%
600870171 75 LO Eagan MN 28,547.03 7,060.67 7.560%
310850938 76 IN American Canyon CA 26,331.23 4,603.26 7.030%
600880003 77 LO Bangor ME 28,260.08 4,109.14 7.605%
310850860 78 OF Salt Lake City UT 26,555.39 7,615.42 7.170%
310850974 79 MF Los Angeles CA 24,539.96 3,738.13 6.840%
700851687 80 OF Windsor CA 27,818.09 2,380.74 7.545%
600870172 81 LO Rochester MN 27,666.82 6,862.68 7.550%
310850987 82 RT Highlands Ranch CO 25,874.66 2,548.96 7.170%
600870173 83 RT Glenwood Springs CO 25,838.45 2,557.02 7.160%
310850972 84 RT San Jose CA 25,258.76 4,800.27 7.410%
310850959 85 MF Tucson AZ 24,712.62 2,619.88 7.020%
600870174 86 MF Lancaster OH 27,320.76 2,108.83 7.770%
310850903 87 LO La Jolla CA 23,688.98 13,162.98 7.000%
600870175 88 RT Bakersfield CA 25,215.06 2,413.08 7.250%
310851015 89 MF Sierra Vista AZ 24,007.23 2,551.35 6.980%
310851016 90 MF Sierra Vista AZ 24,007.23 2,551.35 6.980%
600870176 91 RT Aspen CO 24,455.03 2,480.21 7.120%
310850892 92 MF Sacramento CA 18,886.10 8,211.94 7.630%
310850891 93 OF Sacramento CA 7,588.95 2,974.09 8.080%
310850982 94 IN Buena Park CA 23,120.48 4,923.11 7.050%
310850879 95 MF Concord CA 23,537.95 4,175.89 7.060%
600870177 96 RT Oshkosh WI 25,132.87 2,051.01 7.600%
600870178 97 IN Hollywood FL 23,756.16 2,283.32 7.190%
310850901 98 MF Victorville CA 22,333.08 3,255.21 6.990%
310850973 99 RT Arvada CO 22,886.14 2,421.08 7.010%
700851734 100 MF Roanoke VA 21,870.48 2,650.37 6.700%
600870179 101 MF Fairview Heights IL 23,429.03 2,313.49 7.180%
600870180 102 OF Holyoke MA 23,197.19 2,074.68 7.400%
310850956 103 RT Torrance CA 21,635.00 3,797.64 6.995%
310850939 104 MF Concord CA 21,107.37 2,421.92 6.825%
310850795 105 SS Redwood City CA 22,655.96 3,574.19 7.340%
310850884 106 MF Santa Ana CA 21,409.53 2,396.47 6.940%
310850871 107 IN Sunnyvale CA 22,153.77 3,728.28 7.190%
310851003 108 IN Ontario CA 21,266.34 2,830.62 7.200%
600870181 109 RT Wallburg NC 21,854.87 2,092.56 7.280%
310850942 110 IN Spring Valley CA 20,183.65 4,453.24 6.955%
310850936 111 OF Marietta GA 21,749.41 3,480.17 7.300%
310850739 112 RT Wixom MI 20,953.69 4,017.41 7.430%
700851731 113 MF Valdosta GA 18,979.56 2,314.61 6.700%
600870182 114 MF South Burlington VT 20,919.15 1,906.88 7.390%
310851006 115 IN Rockville MD 22,387.23 3,855.10 8.020%
600870184 116 RT Boca Raton FL 20,554.56 1,859.17 7.360%
600870183 117 LO Stevens Point WI 20,945.92 5,255.73 7.510%
310851010 118 MF Anaheim CA 17,744.49 4,273.00 6.620%
600870185 119 RT Blue Ash OH 19,674.48 1,960.16 7.160%
310850895 120 OF Citrus Heights CA 20,113.39 3,222.99 7.350%
600870186 121 MF Cincinnati OH 18,850.62 2,042.98 6.970%
310850943 122 IN Culver City CA 18,278.53 3,541.15 7.320%
310850921 123 MF Redlands CA 17,364.44 5,894.53 7.000%
310851045 124 SS Lakeside CA 18,019.16 2,797.08 7.340%
600870187 125 MF Kansas City MO 17,763.91 2,872.82 7.270%
310850992 126 IN Las Vegas NV 17,249.52 2,716.39 7.300%
310850946 127 RT Tucson AZ 17,337.74 1,609.47 7.350%
600870188 128 RT Lansing MI 18,098.88 4,166.78 7.810%
600870189 129 RT Manalapan NJ 17,352.61 1,526.18 7.500%
600870190 130 RT Norcross GA 17,488.94 1,420.21 7.660%
310851059 131 MF Springfield OR 15,479.66 2,780.48 6.930%
600870191 132 MF Pittsburg KS 17,302.91 1,341.77 7.760%
310850897 133 SS Garden Grove CA 16,158.80 3,071.88 7.510%
310850693 134 RT Fishers IN 16,781.35 2,349.32 7.940%
700851719 135 RT Taylorsville City UT 15,711.74 2,487.48 7.330%
310850810 136 MF Isla Vista CA 14,528.48 8,037.01 7.100%
310850874 137 RT Vero Beach FL 14,284.53 2,047.29 7.060%
310850963 138 IN Ventura CA 14,488.10 2,889.99 7.270%
310850931 139 RT Indianapolis IN 14,594.12 7,470.46 7.365%
310850887 140 RT Orem UT 15,699.90 1,269.09 7.670%
310850914 141 IN San Leandro CA 14,155.81 4,682.56 7.160%
310850944 142 OF Bellevue WA 14,038.52 1,881.09 7.180%
310851005 143 MF Santa Clarita CA 12,831.64 2,130.31 6.570%
600870192 144 LO Waupun WI 16,276.88 1,914.97 8.160%
310850817 146 MF Fresno CA 13,816.04 1,543.10 6.930%
310850915 147 SS Vista CA 14,311.23 2,700.53 7.510%
700851613 148 MF Broomfield CO 15,082.55 2,992.86 7.960%
700851727 149 MH Birch Run MI 13,228.69 2,473.46 6.860%
310850890 150 IN Vista CA 12,991.52 13,476.96 6.800%
310851012 151 IN San Jose CA 13,547.44 4,132.92 7.320%
310850888 152 RT Stockton CA 13,199.83 2,433.38 6.900%
310851009 153 OF Danville CA 13,176.38 2,344.36 6.980%
310850877 154 RT Boca Raton FL 13,775.30 1,307.26 7.300%
600870194 155 RT Indianapolis IN 14,317.99 1,200.48 7.590%
310850916 156 IN Manassas Park VA 12,821.93 2,649.23 7.200%
310851000 157 MF Las Vegas NV 12,625.62 1,383.85 6.910%
310850967 158 OF Sacramento CA 11,521.70 2,802.57 6.610%
310850893 159 IN San Angelo TX 11,877.11 12,697.49 6.910%
310851011 160 IN San Jose CA 12,329.69 3,761.42 7.320%
310851049 161 MF Los Angeles CA 11,946.29 1,655.46 7.100%
700851720 162 MF Winston-Salem NC 12,900.67 1,097.32 7.510%
310850993 163 RT Rock Hill SC 11,967.05 4,166.52 7.210%
310850894 164 MF Duncanville TX 11,796.09 1,335.81 6.870%
310850940 165 MH Chico CA 12,350.49 1,225.27 7.200%
310850900 166 IN Santee CA 11,527.11 2,557.48 6.960%
600870195 167 RT Modesto CA 13,606.16 1,763.98 7.950%
310850930 168 RT Indianapolis IN 12,219.91 6,206.87 7.400%
310850855 169 MF Bedford TX 11,419.49 1,332.04 6.830%
310850802 170 RT Canon City CO 11,962.42 3,663.29 7.430%
310851004 171 IN Livermore CA 12,059.26 3,142.42 7.410%
600870196 172 RT Gainesville FL 11,644.40 1,807.80 7.440%
600870197 173 OF Temecula CA 10,989.23 1,119.48 7.110%
600870198 174 OF Danville CA 11,976.22 2,175.09 7.790%
310850925 175 OF San Jose CA 10,251.19 3,390.17 7.070%
310851042 176 IN Las Vegas NV 11,100.08 1,621.76 7.510%
310850913 177 IN Pomona CA 10,577.86 1,996.05 7.510%
310850927 178 OF Austin TX 10,741.81 4,757.11 7.470%
310850911 179 IN Soquel CA 9,634.14 3,321.97 6.970%
310850958 180 MF Temple TX 10,046.38 2,855.18 7.110%
310850847 181 RT Broomfield CO 9,866.59 983.19 7.190%
310850922 182 MF Glendale CA 9,247.72 3,147.46 6.990%
310850839 183 IN Culver City CA 9,101.25 3,188.55 6.880%
310851022 184 SS Escondido CA 9,814.02 4,786.43 7.500%
310850999 185 MH Bakersfield CA 8,910.48 1,308.44 6.910%
310850950 186 IN Newbury Park CA 8,740.19 1,354.16 6.790%
310850861 187 IN Corona CA 10,036.56 1,488.47 7.570%
310850932 188 RT Bradley IL 9,494.26 860.88 7.370%
310850920 189 RT Danville CA 8,673.69 1,680.51 6.740%
600870199 190 RT Asheville NC 9,878.83 794.89 7.680%
600870200 191 MF Parma OH 8,972.23 1,619.89 6.990%
310850961 192 RT Stockton CA 8,903.33 4,739.35 7.190%
310850918 193 RT Tracy CA 9,526.62 2,732.14 7.690%
600870201 194 IN Woodinville WA 9,675.58 794.72 7.620%
310850906 195 RT Mesa AZ 8,935.54 1,498.50 7.200%
310850986 196 OF Lighthouse Point FL 9,351.96 1,364.34 7.540%
310851039 197 MF Irving TX 8,335.20 1,497.26 6.930%
310850912 198 MH Eugene OR 8,363.96 1,504.17 6.970%
310850934 199 OF San Jose CA 8,200.96 2,712.13 7.070%
600880004 200 LO Bar Harbor ME 9,116.15 1,325.53 7.605%
310850836 201 MH Clackamas OR 8,572.88 686.64 7.690%
310850910 202 IN Soquel CA 7,045.86 2,429.51 6.970%
310850978 203 RT Fremont OH 6,912.62 1,015.04 6.930%
310850953 204 MF Tyler TX 6,783.37 2,227.10 6.590%
310850909 205 IN Commerce CA 6,990.48 3,849.20 7.080%
310850811 206 IN Van Nuys CA 7,435.05 3,723.22 7.550%
310850867 207 IN Carson City NV 7,403.89 1,186.14 7.330%
600870202 208 MF Greenville SC 6,757.40 724.10 7.040%
310850868 209 IN Carson City NV 6,748.67 956.98 7.640%
310850977 210 SS Vista CA 6,170.25 1,019.49 7.190%
310850988 211 IN Rancho Cucamonga CA 6,028.37 1,206.34 7.260%
310850905 212 IN Truckee CA 6,534.85 933.29 7.620%
310850876 213 IN San Diego CA 6,128.33 625.74 7.150%
600880005 214 RT Watertown MA 6,595.98 931.07 7.710%
310850971 215 MF Sacramento CA 6,035.21 3,127.60 7.310%
310850898 216 RT San Diego CA 6,328.36 1,684.82 7.430%
310850989 217 MF Reno NV 6,192.70 1,113.60 7.600%
310850960 218 MF San Angelo TX 5,501.81 2,926.19 6.790%
310850962 219 IN Ventura CA 5,282.96 1,118.29 7.070%
310850803 220 RT Santee CA 5,413.22 824.04 7.420%
310850951 221 OF Kennewick WA 5,632.71 758.05 7.765%
310850926 222 RT Englewood CO 4,683.70 1,129.43 7.030%
310850924 223 RT Victorville CA 3,862.87 673.04 7.760%
310850966 224 OF Santa Ana CA 3,579.94 517.22 7.590%
310850904 225 RT Poway CA 3,669.97 872.42 7.830%
310850957 226 MF Oxnard CA 3,281.16 1,674.53 7.040%
Totals 6,559,930.27 1,023,712.63
</TABLE>
<TABLE>
<CAPTION>
Loan Anticipated Neg Beginning Ending Paid
Number ODRC Repayment Maturity Amort Scheduled Scheduled Thru
Date Date (Y/N) Balance Balance Date
<S> <C> <C> <C> <C> <C> <C> <C>
700851733 1 N/A 4/1/2023 N 51,830,744.76 51,780,776.23 8/1/98
700851674 2 1/1/2008 1/1/2028 N 35,329,308.77 35,300,260.67 8/1/98
310851088 3 N/A 6/1/2008 N 34,556,880.48 34,520,173.39 8/1/98
310850886 10 N/A 2/1/2008 N 30,265,950.11 30,244,344.30 8/1/98
310851076 11 N/A 5/1/2008 N 29,949,666.07 29,924,281.93 8/1/98
600870150 12 N/A 4/1/2008 N 29,932,274.12 29,913,332.91 8/1/98
310850772 13 N/A 11/1/2007 N 25,500,000.00 25,500,000.00 8/1/98
310850797 14.1 N/A 11/1/2017 N 5,272,359.15 5,268,796.17 8/1/98
310850695 14.2 N/A 11/1/2017 N 16,612,905.19 16,601,678.37 8/1/98
310850983 15 N/A 5/1/2013 N 20,776,966.29 20,758,217.58 8/1/98
310851086 16 N/A 6/1/2018 N 18,067,392.87 18,038,355.48 8/1/98
600870151 17 N/A 9/1/2009 N 17,392,301.91 17,383,845.08 8/1/98
310851040 18 N/A 6/1/2008 N 15,287,334.47 15,277,546.89 8/1/98
700851744 19 N/A 4/1/2008 N 13,569,574.64 13,561,090.80 8/1/98
310851046 20 N/A 4/1/2003 N 11,971,756.64 11,957,505.62 8/1/98
600870152 21 N/A 2/1/2008 N 11,950,371.11 11,942,613.55 8/1/98
600870153 22 N/A 2/1/2008 N 11,503,156.88 11,495,908.50 8/1/98
310850981 23 N/A 4/1/2008 N 11,470,935.12 11,461,135.10 8/1/98
310850947 24 N/A 3/1/2008 N 11,358,760.99 11,348,310.14 8/1/98
600870154 25 N/A 12/1/2007 N 10,945,714.99 10,939,378.37 8/1/98
600870155 26 N/A 4/1/2008 N 10,537,065.38 10,530,734.38 8/1/98
310850933 27 N/A 2/1/2008 N 10,443,890.92 10,434,776.61 8/1/98
310850899 28 N/A 2/1/2013 N 8,648,582.52 8,638,109.32 8/1/98
310851058 29 N/A 2/1/2013 N 1,097,637.30 1,096,444.29 8/1/98
310851023 30 N/A 6/1/2008 N 9,291,953.59 9,285,597.88 8/1/98
310850880 31 N/A 3/1/2008 N 9,156,428.55 9,145,369.06 8/1/98
310851024 32 N/A 6/1/2008 N 8,942,256.41 8,936,139.89 8/1/98
600880000 33 N/A 3/1/2008 N 8,784,191.88 8,776,024.71 8/1/98
700851739 34 4/1/2008 4/1/2023 N 8,597,914.77 8,589,989.25 8/1/98
600880001 35 N/A 2/1/2008 N 8,561,075.92 8,552,923.92 8/1/98
310850881 36 N/A 2/1/2008 N 8,549,733.54 8,539,492.99 8/1/98
600880002 37 N/A 2/1/2008 N 8,352,646.84 8,344,781.24 8/1/98
310851028 38 N/A 6/1/2008 N 7,893,164.88 7,887,765.94 8/1/98
310850859 39 N/A 1/1/2005 N 7,744,686.54 7,735,268.45 8/1/98
700851713 40 N/A 2/1/2008 N 7,666,177.64 7,660,735.76 8/1/98
310850869 41 N/A 1/1/2003 N 7,445,542.77 7,436,274.48 8/1/98
600870156 42 N/A 2/1/2008 N 7,369,035.33 7,364,166.67 8/1/98
600870157 43 N/A 1/1/2008 N 6,777,817.07 6,773,453.10 8/1/98
310850964 44 N/A 4/1/2008 N 6,476,147.32 6,468,102.22 8/1/98
600870158 45 N/A 1/1/2008 N 6,093,113.26 6,089,582.35 8/1/98
310850980 47 N/A 6/1/2008 N 5,995,125.36 5,991,395.31 8/1/98
310851069 48 N/A 5/1/2008 N 5,991,642.12 5,988,018.97 8/1/98
700851715 49 N/A 2/1/2008 N 5,976,091.38 5,972,426.69 8/1/98
310851031 50 N/A 5/1/2008 N 5,486,110.38 5,479,105.83 8/1/98
700851703 51 N/A 2/1/2008 N 5,428,283.01 5,424,954.25 8/1/98
310850727 52 N/A 2/1/2008 N 5,281,015.52 5,277,144.84 8/1/98
310850907 53 N/A 3/1/2003 N 5,274,254.75 5,268,215.08 8/1/98
310851090 54 N/A 5/1/2008 N 5,237,445.90 5,231,111.47 8/1/98
310850998 55 N/A 6/1/2008 N 5,193,691.78 5,187,346.18 8/1/98
600870159 56 N/A 3/1/2008 N 3,429,974.43 3,427,763.14 8/1/98
600870160 57 N/A 3/1/2008 N 1,694,863.56 1,693,721.49 8/1/98
310851054 58 N/A 5/1/2008 N 5,093,770.32 5,091,166.48 8/1/98
600870162 59 N/A 8/1/2007 N 5,042,307.37 5,036,841.09 8/1/98
600870161 60 N/A 5/1/2008 N 4,988,033.13 4,979,989.17 8/1/98
600870163 61 N/A 3/1/2008 N 4,985,985.43 4,982,922.67 8/1/98
310850945 62 N/A 4/1/2008 N 4,982,504.98 4,977,254.13 8/1/98
600870164 63 N/A 3/1/2008 N 4,979,758.67 4,975,144.38 8/1/98
310850858 64 N/A 1/1/2013 N 4,964,542.67 4,958,505.44 8/1/98
600870165 65 N/A 2/1/2008 N 4,950,092.97 4,945,006.16 8/1/98
600870166 66 N/A 4/1/2008 N 4,630,488.21 4,627,917.39 8/1/98
600870167 67 N/A 2/1/2008 N 4,598,927.56 4,594,596.80 8/1/98
600870168 68 N/A 1/1/2008 N 4,581,560.64 4,579,249.75 8/1/98
310850919 69 N/A 3/1/2008 N 4,578,112.86 4,572,992.93 8/1/98
600870169 70 N/A 3/1/2008 N 3,091,671.46 3,088,602.12 8/1/98
600870170 71 N/A 3/1/2008 N 1,389,011.81 1,387,632.83 8/1/98
310850828 72 N/A 11/1/2007 N 4,438,641.48 4,430,735.09 8/1/98
310850923 73 N/A 4/1/2018 N 4,389,394.70 4,380,759.97 8/1/98
310851050 74 N/A 5/1/2010 N 4,394,139.38 4,391,627.58 8/1/98
600870171 75 N/A 5/1/2008 N 4,385,104.73 4,378,044.06 8/1/98
310850938 76 N/A 4/1/2008 N 4,349,673.26 4,345,070.00 8/1/98
600880003 77 N/A 2/1/2008 N 4,315,339.07 4,311,229.93 8/1/98
310850860 78 N/A 1/1/2008 N 4,301,048.07 4,293,432.65 8/1/98
310850974 79 N/A 3/1/2008 N 4,305,256.78 4,301,518.65 8/1/98
700851687 80 N/A 1/1/2008 N 4,281,627.38 4,279,246.64 8/1/98
600870172 81 N/A 5/1/2008 N 4,255,524.76 4,248,662.08 8/1/98
310850987 82 N/A 4/1/2008 N 4,190,794.23 4,188,245.27 8/1/98
600870173 83 N/A 4/1/2008 N 4,190,773.42 4,188,216.40 8/1/98
310850972 84 N/A 5/1/2008 N 4,090,487.66 4,085,687.39 8/1/98
310850959 85 N/A 3/1/2008 N 4,088,108.72 4,085,488.84 8/1/98
600870174 86 N/A 1/1/2013 N 4,083,312.69 4,081,203.86 8/1/98
310850903 87 N/A 4/1/2013 N 4,060,967.31 4,047,804.33 8/1/98
600870175 88 N/A 3/1/2008 N 4,038,897.38 4,036,484.30 8/1/98
310851015 89 N/A 5/1/2008 N 3,994,177.63 3,991,626.28 8/1/98
310851016 90 N/A 5/1/2008 N 3,994,177.63 3,991,626.28 8/1/98
600870176 91 N/A 3/1/2008 N 3,988,677.90 3,986,197.69 8/1/98
310850892 92 N/A 4/1/2013 N 2,874,474.56 2,866,262.62 8/1/98
310850891 93 N/A 4/1/2013 N 1,090,714.82 1,087,740.73 8/1/98
310850982 94 N/A 4/1/2008 N 3,935,401.35 3,930,478.24 8/1/98
310850879 95 N/A 1/1/2008 N 3,871,727.91 3,867,552.02 8/1/98
600870177 96 N/A 3/1/2008 N 3,840,336.17 3,838,285.16 8/1/98
600870178 97 N/A 6/1/2008 N 3,836,968.52 3,834,685.20 8/1/98
310850901 98 N/A 2/1/2013 N 3,834,004.53 3,830,749.32 8/1/98
310850973 99 N/A 4/1/2008 N 3,791,363.21 3,788,942.13 8/1/98
700851734 100 N/A 4/1/2008 N 3,790,742.52 3,788,092.15 8/1/98
600870179 101 N/A 3/1/2008 N 3,789,401.19 3,787,087.70 8/1/98
600870180 102 N/A 3/1/2008 N 3,640,361.34 3,638,286.66 8/1/98
310850956 103 N/A 5/1/2008 N 3,591,782.58 3,587,984.94 8/1/98
310850939 104 N/A 4/1/2018 N 3,591,470.72 3,589,048.80 8/1/98
310850795 105 N/A 2/1/2008 N 3,584,488.71 3,580,914.52 8/1/98
310850884 106 N/A 1/1/2008 N 3,582,518.26 3,580,121.79 8/1/98
310850871 107 N/A 2/1/2008 N 3,578,158.44 3,574,430.16 8/1/98
310851003 108 N/A 5/1/2008 N 3,544,389.24 3,541,558.62 8/1/98
600870181 109 N/A 2/1/2008 N 3,486,243.79 3,484,151.23 7/1/98
310850942 110 N/A 3/1/2008 N 3,482,442.21 3,477,988.97 8/1/98
310850936 111 N/A 3/1/2008 N 3,459,915.08 3,456,434.91 8/1/98
310850739 112 N/A 3/1/2008 N 3,384,176.06 3,380,158.65 8/1/98
700851731 113 N/A 3/1/2008 N 3,289,667.99 3,287,353.38 8/1/98
600870182 114 N/A 2/1/2008 N 3,287,307.79 3,285,400.91 8/1/98
310851006 115 N/A 5/1/2008 N 3,241,655.65 3,237,800.55 8/1/98
600870184 116 N/A 4/1/2008 N 3,243,181.10 3,241,321.93 8/1/98
600870183 117 N/A 5/1/2008 N 3,238,921.41 3,233,665.68 8/1/98
310851010 118 N/A 5/1/2008 N 3,216,523.06 3,212,250.06 8/1/98
600870185 119 N/A 3/1/2008 N 3,191,030.69 3,189,070.53 8/1/98
310850895 120 N/A 1/1/2008 N 3,177,889.48 3,174,666.49 8/1/98
600870186 121 N/A 3/1/2008 N 3,140,752.82 3,138,709.84 8/1/98
310850943 122 N/A 6/1/2008 N 2,996,480.32 2,992,939.17 8/1/98
310850921 123 N/A 3/1/2018 N 2,976,761.78 2,970,867.25 8/1/98
310851045 124 N/A 5/1/2008 N 2,850,882.90 2,848,085.82 8/1/98
600870187 125 N/A 3/1/2008 N 2,837,558.91 2,834,686.09 8/1/98
310850992 126 N/A 5/1/2008 N 2,744,068.01 2,741,351.62 8/1/98
310850946 127 N/A 2/1/2008 N 2,739,339.93 2,737,730.46 8/1/98
600870188 128 N/A 5/1/2018 N 2,691,172.69 2,687,005.91 8/1/98
600870189 129 N/A 12/1/2007 N 2,686,855.32 2,685,329.14 8/1/98
600870190 130 N/A 1/1/2013 N 2,651,402.20 2,649,981.99 8/1/98
310851059 131 N/A 5/1/2008 N 2,593,993.83 2,591,213.35 8/1/98
600870191 132 N/A 1/1/2008 N 2,589,394.86 2,588,053.09 8/1/98
310850897 133 N/A 1/1/2008 N 2,581,965.81 2,578,893.93 8/1/98
310850693 134 N/A 1/1/2008 N 2,536,224.88 2,533,875.56 7/1/98
700851719 135 N/A 3/1/2008 N 2,489,208.14 2,486,720.66 8/1/98
310850810 136 N/A 2/1/2013 N 2,455,518.52 2,447,481.51 8/1/98
310850874 137 N/A 1/1/2008 N 2,427,965.27 2,425,917.98 8/1/98
310850963 138 N/A 4/1/2008 N 2,391,433.20 2,388,543.21 8/1/98
310850931 139 N/A 4/1/2013 N 2,377,860.93 2,370,390.47 8/1/98
310850887 140 N/A 1/1/2018 N 2,377,071.98 2,375,802.89 8/1/98
310850914 141 N/A 1/1/2011 N 2,372,482.15 2,367,799.59 8/1/98
310850944 142 N/A 5/1/2008 N 2,346,270.99 2,344,389.90 8/1/98
310851005 143 N/A 4/1/2008 N 2,343,678.42 2,341,548.11 8/1/98
600870192 144 N/A 3/1/2008 N 2,316,443.43 2,314,528.46 8/1/98
310850817 146 N/A 2/1/2008 N 2,315,214.20 2,313,671.10 8/1/98
310850915 147 N/A 2/1/2008 N 2,286,747.18 2,284,046.65 8/1/98
700851613 148 N/A 3/1/2003 N 2,273,750.53 2,270,757.67 8/1/98
700851727 149 N/A 3/1/2008 N 2,239,409.97 2,236,936.51 8/1/98
310850890 150 N/A 1/1/2003 N 2,218,664.86 2,205,187.90 8/1/98
310851012 151 N/A 5/1/2008 N 2,220,892.14 2,216,759.22 8/1/98
310850888 152 N/A 3/1/2008 N 2,221,570.70 2,219,137.32 8/1/98
310851009 153 N/A 4/1/2008 N 2,192,207.27 2,189,862.91 8/1/98
310850877 154 N/A 2/1/2008 N 2,191,387.19 2,190,079.93 8/1/98
600870194 155 N/A 1/1/2013 N 2,190,690.88 2,189,490.40 8/1/98
310850916 156 N/A 2/1/2008 N 2,136,988.99 2,134,339.76 8/1/98
310851000 157 N/A 5/1/2008 N 2,121,854.00 2,120,470.15 8/1/98
310850967 158 N/A 4/1/2005 N 2,091,685.02 2,088,882.45 8/1/98
310850893 159 N/A 2/1/2008 N 2,062,594.72 2,049,897.23 8/1/98
310851011 160 N/A 5/1/2008 N 2,021,261.39 2,017,499.97 8/1/98
310851049 161 N/A 4/1/2008 N 2,019,091.10 2,017,435.64 8/1/98
700851720 162 N/A 3/1/2008 N 1,994,863.25 1,993,765.93 8/1/98
310850993 163 N/A 6/1/2017 N 1,991,741.46 1,987,574.94 8/1/98
310850894 164 N/A 3/1/2008 N 1,993,985.95 1,992,650.14 8/1/98
310850940 165 N/A 2/1/2008 N 1,992,014.83 1,990,789.56 8/1/98
310850900 166 N/A 2/1/2008 N 1,987,432.11 1,984,874.63 8/1/98
600870195 167 N/A 1/1/2008 N 1,987,509.02 1,985,745.04 8/1/98
310850930 168 N/A 4/1/2013 N 1,981,606.70 1,975,399.83 8/1/98
310850855 169 N/A 1/1/2008 N 1,941,631.47 1,940,299.43 8/1/98
310850802 170 N/A 2/1/2018 N 1,932,018.91 1,928,355.62 8/1/98
310851004 171 N/A 4/1/2018 N 1,889,920.05 1,886,777.63 8/1/98
600870196 172 N/A 1/1/2018 N 1,817,543.86 1,815,736.06 8/1/98
600870197 173 N/A 3/1/2008 N 1,794,892.58 1,793,773.10 8/1/98
600870198 174 N/A 1/1/2008 N 1,785,349.51 1,783,174.42 8/1/98
310850925 175 N/A 4/1/2008 N 1,739,948.18 1,736,558.01 8/1/98
310851042 176 N/A 5/1/2008 N 1,716,433.79 1,714,812.03 8/1/98
310850913 177 N/A 2/1/2008 N 1,690,204.44 1,688,208.39 8/1/98
310850927 178 N/A 6/1/2013 N 1,669,927.96 1,665,170.85 8/1/98
310850911 179 N/A 2/1/2008 N 1,658,675.71 1,655,353.74 8/1/98
310850958 180 N/A 4/1/2018 N 1,640,895.43 1,638,040.25 8/1/98
310850847 181 N/A 3/1/2008 N 1,593,599.32 1,592,616.13 8/1/98
310850922 182 N/A 3/1/2018 N 1,587,591.39 1,584,443.93 8/1/98
310850839 183 N/A 3/1/2018 N 1,587,426.52 1,584,237.97 8/1/98
310851022 184 N/A 6/1/2013 N 1,570,243.30 1,565,456.87 8/1/98
310850999 185 N/A 5/1/2013 N 1,547,406.30 1,546,097.86 8/1/98
310850950 186 N/A 3/1/2008 N 1,544,658.29 1,543,304.13 8/1/98
310850861 187 N/A 1/1/2008 N 1,539,676.91 1,538,188.44 8/1/98
310850932 188 N/A 3/1/2008 N 1,496,009.09 1,495,148.21 8/1/98
310850920 189 N/A 4/1/2008 N 1,494,461.88 1,492,781.37 8/1/98
600870199 190 N/A 1/1/2008 N 1,493,774.66 1,492,979.77 8/1/98
600870200 191 N/A 2/1/2013 N 1,490,609.73 1,488,989.84 8/1/98
310850961 192 N/A 4/1/2013 N 1,485,952.30 1,481,212.95 8/1/98
310850918 193 N/A 2/1/2018 N 1,486,598.03 1,483,865.89 8/1/98
600870201 194 N/A 2/1/2008 N 1,474,560.78 1,473,766.06 8/1/98
310850906 195 N/A 2/1/2008 N 1,441,216.50 1,439,718.00 8/1/98
310850986 196 N/A 4/1/2008 N 1,440,363.64 1,438,999.30 8/1/98
310851039 197 N/A 5/1/2008 N 1,396,765.98 1,395,268.72 8/1/98
310850912 198 N/A 3/1/2008 N 1,393,541.21 1,392,037.04 8/1/98
310850934 199 N/A 4/1/2008 N 1,391,958.53 1,389,246.40 8/1/98
600880004 200 N/A 2/1/2008 N 1,392,044.88 1,390,719.35 8/1/98
310850836 201 N/A 1/1/2008 N 1,294,616.34 1,293,929.70 8/1/98
310850910 202 N/A 2/1/2008 N 1,213,061.30 1,210,631.79 8/1/98
310850978 203 N/A 4/1/2008 N 1,196,991.15 1,195,976.11 8/1/98
310850953 204 N/A 5/1/2008 N 1,195,366.34 1,193,139.24 8/1/98
310850909 205 N/A 3/1/2013 N 1,184,827.66 1,180,978.46 8/1/98
310850811 206 N/A 2/1/2013 N 1,181,730.19 1,178,006.97 8/1/98
310850867 207 N/A 2/1/2008 N 1,172,996.83 1,171,810.69 8/1/98
600870202 208 N/A 1/1/2008 N 1,114,673.68 1,113,949.58 8/1/98
310850868 209 N/A 3/1/2008 N 1,025,806.36 1,024,849.38 8/1/98
310850977 210 N/A 4/1/2008 N 996,586.01 995,566.52 8/1/98
310850988 211 N/A 4/1/2008 N 996,425.12 995,218.78 8/1/98
310850905 212 N/A 3/1/2008 N 995,912.96 994,979.67 8/1/98
310850876 213 N/A 1/1/2008 N 995,352.92 994,727.18 8/1/98
600880005 214 N/A 1/1/2008 N 993,495.03 992,563.96 8/1/98
310850971 215 N/A 4/1/2013 N 990,731.66 987,604.06 8/1/98
310850898 216 N/A 1/1/2008 N 989,106.37 987,421.55 8/1/98
310850989 217 N/A 5/1/2013 N 977,794.73 976,681.13 8/1/98
310850960 218 N/A 4/1/2008 N 940,971.07 938,044.88 8/1/98
310850962 219 N/A 4/1/2008 N 896,684.25 895,565.96 8/1/98
310850803 220 N/A 4/1/2008 N 847,213.55 846,389.51 8/1/98
310850951 221 N/A 4/1/2008 N 842,396.20 841,638.15 8/1/98
310850926 222 N/A 2/1/2008 N 773,703.87 772,574.44 8/1/98
310850924 223 N/A 3/1/2008 N 597,350.80 596,677.76 8/1/98
310850966 224 N/A 3/1/2008 N 547,739.73 547,222.51 8/1/98
310850904 225 N/A 1/1/2008 N 544,303.42 543,431.00 8/1/98
310850957 226 N/A 3/1/2008 N 541,247.85 539,573.32 8/1/98
Totals 1,060,843,003.09 1,059,819,290.46
<FN>
(1) Property Type Code
MF- Multi-Family
RT- Retail
HC- Health Care
IN- Industrial
WH- Warehouse
MH- Mobile Home Park
OF- Office
MU- Mixed Use
LO- Lodging
SS- Self Storage
OT- Other
(2) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Server
10- Deed In Lieu of Foreclosure
(3) Modification Code
1- Maturity Date Extension
2- Amortization Change
3- Principal Write- Off
4- Combination
</FN>
</TABLE>
Principal Payment Detail
No Principal Prepayments this Period
<TABLE>
<CAPTION>
Historical Detail
Delinquencies
Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure REO Modifications
Date # Balance # Balance # Balance # Balance # Balance # Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
8/17/98 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
7/15/98 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
</TABLE>
<TABLE>
<CAPTION>
Prepayments
Distribution Curtailments Payoff
Date # Amount # Amount
<S> <C> <C> <C> <C>
8/17/98 0 $0.00 0 $0.00
7/15/98 0 $0.00 0 $0.00
</TABLE>
<TABLE>
<CAPTION>
Rate and Maturities
Distribution Next Weighted Avg. WAM
Date Coupon Remit
<S> <C> <C> <C>
8/17/98 7.258269% 7.201477% 135
7/15/98 7.641123% 7.538331% 136
<FN>
Note: Foreclosure and REO Totals are excluded from the delinquencies aging
categories.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Delinquency Loan Detail
Offering # of Current Outstanding
Loan Number Document Months Paid Through P & I P & I
Cross- Reference Delinq. Date Advances Advances**
<S> <C> <C> <C> <C> <C>
600870181 109 0 7/1/98 23,596.19 23,596.19
310850693 134 0 7/1/98 19,029.22 19,029.22
Totals 45,625.41 42,625.41
</TABLE>
<TABLE>
<CAPTION>
Status of Resolution Current
Loan Number Mortgage Strategy Servicing Foreclosure Servicing
Loan(1) Code Transfer Date Date Advances
<S> <C> <C> <C> <C> <C>
600870181 B
310850693 B
Totals 0.00
</TABLE>
<TABLE>
<CAPTION>
Outstanding
Loan Number Servicing Bankruptcy REO
Advances Date Date
<S> <C> <C> <C>
600870181
310850693
Totals 0.00
<FN>
(1) Status of Mortgage Loan
A- Payment Not Received But Still in Grace Period
B- Late Payment But Less Than 1 Month Delinquent
0- Current
1- One Month Delinquent
2- Two Months Delinquent
3- Three Or More Months Delinquent
4- Assumed Scheduled Payment (Performing Matured Balloon)
7- Foreclosure
9- REO
(2) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Servicer
10-Deed In Lieu Of Foreclosure
** Outstanding P & I Advances include the current period advance
</FN>
</TABLE>
Specially Serviced Loan Detail - Part 1
No Specially Serviced Loans this Period
Specially Serviced Loan Detail - Part 2
No Specially Serviced Loans this Period
Modified Loan Detail
No Modified Loans
Liquidated Loan Detail
No Liquidated Loans this Period
