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: October 31, 1998
(Date of earliest event reported)
GS Mortgage Securities Corporation II
(Sponsor)
(Issuer in Respect of Commercial Mortgage Pass-Through
Certificates Series 1997-GL 1)
Exact name of registrant as specified in charter)
Delaware 33-99774-02 22-3442024
(State or other juris- (Commission (I.R.S. Employer
diction of organization) File No.) Identification No.)
85 Broad Street, New York, New York 10004
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code
(212) 902-1000
(Former name or former address, if changed since
last report.)
ITEM 5. OTHER EVENTS
This Current Report on Form 8-K relates to the
Trust Fund formed, and the Commercial Mortgage Pass-Through
Certificates Series 1997-GL1 issued pursuant to, a Pooling
and Servicing Agreement, dated as of August 11, 1997 (the
"Pooling and Servicing Agreement"), by and among GS Mortgage
Securities Corporation II, as sponsor, GMAC Commercial Mortgage
Corporation, as master servicer and special servicer, LaSalle
National Bank, as trustee and REMIC administrator, and ABN AMRO
Bank, N.V., as fiscal agent. The Class A-1, Class A-2A,
Class A-2B, Class A-2C, Class A-2D, Class X-1A and Class X-2
Certificates have been registered pursuant to the Act under a
Registration Statement on Form S-3 (File No.333-27083) (the
"Registration Statement").
Capitalized terms used herein and not defined herein
have the same meanings ascribed to such terms in the Pooling and
Servicing Agreement.
Pursuant to an EDGAR continuing hardship exemption
granted by the Securities and Exchange Commission by letter dated
November 5, 1997 as provided in Rule 202 of Regulation S-T,
certain information received from the borrowers under the loan
documents will be filed separately in paper format.
This Current Report is being filed by the Trustee, in
its capacity as such under the Pooling and Servicing Agreement, on
behalf of the Registrant. The information reported and contained
herein has been supplied to the Trustee by one or more of the Master
Servicer, the Special Servicer or other third parties without
independent review or investigation by the Trustee. Pursuant to
the Pooling and Servicing Agreement, the Trustee is not responsible
for the accuracy or completeness of such information.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND
Exhibits
Exhibit No. Description
99.1 * Certain information received from the borrowers
pursuant to the loan documents.
99.2 * Consent of KPMG LLP
*IN ACCORDANCE WITH RULE 202 OF REGULATION S-T,
THIS EXHIBIT IS BEING FILED IN PAPER PURSUANT TO A
CONTINUING HARDSHIP EXEMPTION.
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed
on behalf of the Registrant by the undersigned thereunto duly
authorized.
LASALLE NATIONAL BANK, IN ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND SERVICING AGREEMENT ON
BEHALF OF GS MORTGAGE SECURITIES CORPORATION II,
REGISTRANT
By: /s/ Russell Goldenberg
Russell Goldenberg,
Senior Vice President
Date: June 19, 1999
ABN AMRO
LaSalle Bank N.A.
Administrator:
Barbara Marik (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Corporation, as Servicer
AMRESCO Management Inc., as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1997-GL1
ABN AMRO Acct: 67-7793-002
Payment Date: 06/15/99
Prior Payment: 05/13/99
Record Date: 05/28/99
A-1 Record Date: 06/10/99
WAC: 8.078257%
0 0
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 5
Other Related Information 3
Asset Backed Facts Sheets 1
Delinquency Loan Detail
Mortgage Loan Characteristics
Loan Level Listing 1
#REF! #REF!
#REF!
Total Pages Included In This Package 11
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
Upper Tier
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 50,000,000.00 42,635,038.11 0.00
36228CAJ2 1000.000000000 852.700762200 0.000000000
A-2A 131,100,000.00 115,346,102.83 725,488.63
36228CAK9 1000.000000000 879.832973532 5.533856827
A-2B 240,900,000.00 240,900,000.00 0.00
36228CAL7 1000.000000000 1000.000000000 0.000000000
A-2C 30,000,000.00 30,000,000.00 0.00
36228CAM5 1000.000000000 1000.000000000 0.000000000
A-2D 222,190,000.00 222,190,000.00 0.00
36228CAN3 1000.000000000 1000.000000000 0.000000000
X-1A 50,000,000.00 N42,635,038.11 0.00
36228CAX1 1000.000000000 852.700762200 0.000000000
X-1B 50,000,000.00 N42,635,038.11 0.00
9ABSA668 1000.000000000 852.700762200 0.000000000
X-2 892,890,000.00 N877,136,102.83 0.00
36228CAY9 1000.000000000 982.356284458 0.000000000
B 78,160,000.00 78,160,000.00 0.00
36228CAP8 1000.000000000 1000.000000000 0.000000000
C 14,660,000.00 14,660,000.00 0.00
36228CAQ6 1000.000000000 1000.000000000 0.000000000
D 53,750,000.00 53,750,000.00 0.00
36228CAR4 1000.000000000 1000.000000000 0.000000000
E 14,650,000.00 14,650,000.00 0.00
36228CAS2 1000.000000000 1000.000000000 0.000000000
F 48,860,000.00 48,860,000.00 0.00
36228CAT0 1000.000000000 1000.000000000 0.000000000
G 58,620,000.00 58,620,000.00 0.00
36228CAU7 1000.000000000 1000.000000000 0.000000000
H 34,208,999.00 34,208,999.00 0.00
36228CAW3 1000.000000000 1000.000000000 0.000000000
R 0.00 0.00 0.00
9ABSA679 1000.000000000 0.000000000 0.000000000
977,098,999.00 953,980,139.94 725,488.63
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 42,635,038.11
36228CAJ2 0.000000000 0.000000000 852.700762200
A-2A 0.00 0.00 114,620,614.20
36228CAK9 0.000000000 0.000000000 874.299116705
A-2B 0.00 0.00 240,900,000.00
36228CAL7 0.000000000 0.000000000 1000.000000000
A-2C 0.00 0.00 30,000,000.00
36228CAM5 0.000000000 0.000000000 1000.000000000
A-2D 0.00 0.00 222,190,000.00
36228CAN3 0.000000000 0.000000000 1000.000000000
X-1A 0.00 0.00 42,635,038.11
36228CAX1 0.000000000 0.000000000 852.700762200
X-1B 0.00 0.00 42,635,038.11
9ABSA668 0.000000000 0.000000000 852.700762200
X-2 0.00 0.00 876,410,614.20
36228CAY9 0.000000000 0.000000000 981.543767093
B 0.00 0.00 78,160,000.00
36228CAP8 0.000000000 0.000000000 1000.000000000
C 0.00 0.00 14,660,000.00
36228CAQ6 0.000000000 0.000000000 1000.000000000
D 0.00 0.00 53,750,000.00
36228CAR4 0.000000000 0.000000000 1000.000000000
E 0.00 0.00 14,650,000.00
36228CAS2 0.000000000 0.000000000 1000.000000000
F 0.00 0.00 48,860,000.00
36228CAT0 0.000000000 0.000000000 1000.000000000
G 0.00 0.00 58,620,000.00
36228CAU7 0.000000000 0.000000000 1000.000000000
H 0.00 0.00 34,208,999.00
36228CAW3 0.000000000 0.000000000 1000.000000000
R 0.00 0.00 0.00
9ABSA679 0.000000000 0.000000000 0.000000000
0.00 0.00 953,254,651.31
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
A-1 200,588.97 0.00 5.132500000%
36228CAJ2 4.011779400 0.000000000 5.217500000%
A-2A 667,084.96 0.00 6.940000000%
36228CAK9 5.088367353 0.000000000 Fix
A-2B 1,377,145.00 0.00 6.860000000%
36228CAL7 5.716666667 0.000000000 Fix
A-2C 173,250.00 0.00 6.930000000%
36228CAM5 5.775000000 0.000000000 Fix
A-2D 1,284,998.83 0.00 6.940000000%
36228CAN3 5.783333318 0.000000000 Fix
X-1A 21,954.51 0.00 0.617928780%
36228CAX1 0.439090200 0.000000000 0.524303159%
X-1B 0.00 0.00
9ABSA668 0.000000000 0.000000000
X-2 780,047.90 0.00 1.067174730%
36228CAY9 0.873621499 0.000000000 0.930026350%
B 465,856.05 0.00 7.152344610%
36228CAP8 5.960287231 0.000000000 6.954681450%
C 87,866.48 0.00 7.192344610%
36228CAQ6 5.993620737 0.000000000 6.994681450%
D 323,052.94 0.00 7.212344610%
36228CAR4 6.010287256 0.000000000 7.014681450%
E 88,905.29 0.00 7.282344610%
36228CAS2 6.068620478 0.000000000 7.084681450%
F 299,362.96 0.00 7.352344610%
36228CAT0 6.126953745 0.000000000 7.154681450%
G 382,121.53 0.00 7.822344610%
36228CAU7 6.518620437 0.000000000 7.624681450%
H 231,262.66 0.00 8.112344610%
36228CAW3 6.760287257 0.000000000 7.914681450%
R 0.00 0.00
9ABSA679 0.000000000 0.000000000
6,383,498.08 0.00
Middle Tier
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
MA-1 50,000,000.00 42,635,038.11 0.00
None 1000.000000000 852.700762200 0.000000000
MA-2A 131,100,000.00 115,346,102.83 725,488.63
None 1000.000000000 879.832973532 5.533856827
MA-2B 240,900,000.00 240,900,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MA-2C 30,000,000.00 30,000,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MA-2D 222,190,000.00 222,190,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MX-1B 50,000,000.00 N42,635,038.11 0.00
None 1000.000000000 852.700762200 0.000000000
MB 78,160,000.00 78,160,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MC 14,660,000.00 14,660,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MD 53,750,000.00 53,750,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
ME 14,650,000.00 14,650,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MF 48,860,000.00 48,860,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MG 58,620,000.00 58,620,000.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MH 34,208,999.00 34,208,999.00 0.00
None 1000.000000000 1000.000000000 0.000000000
MR 0.00 0.00 0.00
9ABSA680 1000.000000000 0.000000000 0.000000000
977,098,999.00 953,980,139.94 725,488.63
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
MA-1 0.00 0.00 42,635,038.11
None 0.000000000 0.000000000 852.700762200
MA-2A 0.00 0.00 114,620,614.20
None 0.000000000 0.000000000 874.299116705
MA-2B 0.00 0.00 240,900,000.00
None 0.000000000 0.000000000 1000.000000000
MA-2C 0.00 0.00 30,000,000.00
None 0.000000000 0.000000000 1000.000000000
MA-2D 0.00 0.00 222,190,000.00
None 0.000000000 0.000000000 1000.000000000
MX-1B 0.00 0.00 42,635,038.11
None 0.000000000 0.000000000 852.700762200
MB 0.00 0.00 78,160,000.00
None 0.000000000 0.000000000 1000.000000000
MC 0.00 0.00 14,660,000.00
None 0.000000000 0.000000000 1000.000000000
MD 0.00 0.00 53,750,000.00
None 0.000000000 0.000000000 1000.000000000
ME 0.00 0.00 14,650,000.00
None 0.000000000 0.000000000 1000.000000000
MF 0.00 0.00 48,860,000.00
None 0.000000000 0.000000000 1000.000000000
MG 0.00 0.00 58,620,000.00
None 0.000000000 0.000000000 1000.000000000
MH 0.00 0.00 34,208,999.00
None 0.000000000 0.000000000 1000.000000000
MR 0.00 0.00 0.00
9ABSA680 0.000000000 0.000000000 0.000000000
0.00 0.00 953,254,651.31
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
MA-1 200,588.97 0.00 5.132500000%
None 4.011779400 0.000000000 5.217500000%
MA-2A 779,772.78 0.00 8.112344610%
None 5.947923570 0.000000000 7.914681450%
MA-2B 1,628,553.18 0.00 8.112344610%
None 6.760287173 0.000000000 7.914681450%
MA-2C 202,808.62 0.00 8.112344610%
None 6.760287333 0.000000000 7.914681450%
MA-2D 1,502,068.21 0.00 8.112344610%
None 6.760287187 0.000000000 7.914681450%
MX-1B 0.00 0.00
None 0.000000000 0.000000000
MB 528,384.05 0.00 8.112344610%
None 6.760287231 0.000000000 7.914681450%
MC 99,105.81 0.00 8.112344610%
None 6.760287176 0.000000000 7.914681450%
MD 363,365.44 0.00 8.112344610%
None 6.760287256 0.000000000 7.914681450%
ME 99,038.21 0.00 8.112344610%
None 6.760287372 0.000000000 7.914681450%
MF 330,307.61 0.00 8.112344610%
None 6.760286738 0.000000000 7.914681450%
MG 396,288.03 0.00 8.112344610%
None 6.760287103 0.000000000 7.914681450%
MH 231,262.66 0.00 8.112344610%
None 6.760287257 0.000000000 7.801940710%
MR 0.00 0.00
9ABSA680 0.000000000 0.000000000
6,361,543.57 0.00
Lower Tier
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
LA-1T 49,500,000.00 42,208,687.73 0.00
None 1000.000000000 852.700762222 0.000000000
LA-1S 500,000.00 426,350.38 0.00
None 1000.000000000 852.700760000 0.000000000
LF-T 917,828,010.00 902,231,651.80 718,233.74
None 1000.000000000 983.007319421 0.782536305
LF-S 9,270,990.00 9,113,451.03 7,254.89
None 1000.000000000 983.007319607 0.782536709
LR 0.00 0.00 0.00
9ABSA691 1000.000000000 0.000000000 0.000000000
977,099,000.00 953,980,140.94 725,488.63
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
LA-1T 0.00 0.00 42,208,687.73
None 0.000000000 0.000000000 852.700762222
LA-1S 0.00 0.00 426,350.38
None 0.000000000 0.000000000 852.700760000
LF-T 0.00 0.00 901,513,418.06
None 0.000000000 0.000000000 982.224783116
LF-S 0.00 0.00 9,106,196.14
None 0.000000000 0.000000000 982.224782898
LR 0.00 0.00 0.00
9ABSA691 0.000000000 0.000000000 0.000000000
0.00 0.00 953,254,652.31
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
LA-1T 198,583.08 0.00 0.000000000%
None 4.011779394 0.000000000 5.132500000%
LA-1S 2,005.89 0.00 5.217500000%
None 4.011780000 0.000000000 5.132500000%
LF-T 6,099,345.05 0.00 5.217500000%
None 6.645411759 0.000000000 8.112344610%
LF-S 61,609.55 0.00 7.914681450%
None 6.645412194 0.000000000 8.112344610%
LR 0.00 0.00 7.914681450%
9ABSA691 0.000000000 0.000000000
6,361,543.57 0.00
Grantor Trust
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
Q 0.00 0.00 0.00
9ABSA678 1000.000000000 0.000000000 0.000000000
0.00 0.00 0.00
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
Q 0.00 0.00 0.00
9ABSA678 0.000000000 0.000000000 0.000000000
0.00 0.00 0.00
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
Q 0.00 0.00
9ABSA678 0.000000000 0.000000000
0.00 0.00 0.000000000%
Grantor Trust
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
M 10,276,354.00 10,126,431.97 6,271.85
36228CAV5 1000.000000000 985.410970661 0.610318601
10,276,354.00 10,126,431.97 6,271.85
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
M 0.00 0.00 10,120,160.12
36228CAV5 0.000000000 0.000000000 984.800652060
0.00 0.00 10,120,160.12
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
M 71,386.15 0.00 8.186500000%
36228CAV5 6.946641548 0.000000000
71,386.15 0.00
Other Related Information
Stated Principal Balance Of The Mortgage Pool Prior to Current Distribution
953,980,140.1
Stated Principal Balance Of The Mortgage Pool Subsequent to Current Distrib95
3,254,651.4
Servicing Fee Breakdown
Current Period Accrued Servicing Fees 38,582.92
Less Delinquent Servicing Fees 0.00
Plus Additional Servicing Fees 0.00
Less Reductions To Servicing Fees 0.00
Total Servicing Fees Collected 38,582.92
Special Servicing Fees 0.00
Trustee Fees 4,131.49
Advances (Interest at Gross)
Prior Outstanding
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal Agent: 0.00 0.00
Totals: 0.00 0.00
Current Month
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal Agent: 0.00 0.00
Totals: 0.00 0.00
Recovered
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal Agent: 0.00 0.00
Totals: 0.00 0.00
Advances Outstanding
Principal Interest
Master Servicer: 0.00 0.00
Special Servicer 0.00 0.00
Trustee/Fiscal Agent: 0.00 0.00
Totals: 0.00 0.00
Allocation Of Interest Shortfalls, Losses & Expenses
Accrued Prepayment Beginning
Certificate Interest Unpaid
Class Interest Shortfall Interest
A-1 200,588.97 0.00 0.00
A-2A 667,084.96 0.00 0.00
A-2B 1,377,145.00 0.00 0.00
A-2C 173,250.00 0.00 0.00
A-2D 1,284,998.83 0.00 0.00
X-1A 21,954.51 0.00 0.00
X-1B 0.00 0.00 0.00
X-2 780,047.90 0.00 0.00
B 465,856.05 0.00 0.00
C 87,866.48 0.00 0.00
D 323,052.94 0.00 0.00
E 88,905.29 0.00 0.00
F 299,362.96 0.00 0.00
G 382,121.53 0.00 0.00
H 231,262.66 0.00 0.00
6,383,498.08 0.00 0.00
Ending
Interest Unpaid
Class Loss Expenses DistributabInterest
A-1 0.00 0.00 200,588.97 0.00
A-2A 0.00 0.00 667,084.96 0.00
A-2B 0.00 0.00 1,377,145.0 0.00
A-2C 0.00 0.00 173,250.00 0.00
A-2D 0.00 0.00 1,284,998.8 0.00
X-1A 0.00 0.00 21,954.51 0.00
X-1B 0.00 0.00 0.00 0.00
X-2 0.00 0.00 780,047.90 0.00
B 0.00 0.00 465,856.05 0.00
C 0.00 0.00 87,866.48 0.00
D 0.00 0.00 323,052.94 0.00
E 0.00 0.00 88,905.29 0.00
F 0.00 0.00 299,362.96 0.00
G 0.00 0.00 382,121.53 0.00
H 0.00 0.00 231,262.66 0.00
0.00 0.00 6,383,498.0 0.00
Allocation Of Additonal Interest Proceeds
Net
Prepayment Default Default Excess
Class Premiums Interest Interest Interest
A-1 0.00 0.00 0.00 0.00
A-2A 0.00 0.00 0.00 0.00
A-2B 0.00 0.00 0.00 0.00
A-2C 0.00 0.00 0.00 0.00
A-2D 0.00 0.00 0.00 0.00
X-1A 0.00 0.00 0.00 0.00
X-1B 0.00 0.00 0.00 0.00
X-2 0.00 0.00 0.00 0.00
B 0.00 0.00 0.00 0.00
C 0.00 0.00 0.00 0.00
D 0.00 0.00 0.00 0.00
E 0.00 0.00 0.00 0.00
F 0.00 0.00 0.00 0.00
G 0.00 0.00 0.00 0.00
H 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
Distribution Delinq 1 Month Delinq 2 Months
Date # Balance # Balance
06/15/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
05/13/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
04/13/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
03/15/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
02/16/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/13/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
12/15/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
11/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
10/14/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
09/15/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
08/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
07/14/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
06/15/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
05/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
04/14/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
03/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution Delinq 3+ Months Foreclosure/Bankruptcy
Date # Balance # Balance
06/15/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
05/13/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
04/13/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
03/15/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
02/16/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/13/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
12/15/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
11/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
10/14/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
09/15/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
08/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
07/14/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
06/15/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
05/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
04/14/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
03/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution REO Modifications
Date # Balance # Balance
06/15/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
05/13/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
04/13/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
03/15/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
02/16/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/13/99 0 0 0 0
0.00% 0.000% 0.00% 0.000%
12/15/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
11/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
10/14/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
09/15/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
08/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
07/14/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
06/15/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
05/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
04/14/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
03/13/98 0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution Prepayments Curr Weighted Avg.
Date # Balance Coupon Remit
06/15/99 0 0 8.0783% 8.0297%
0.00% 0.000%
05/13/99 0 0 7.8637% 7.8166%
0.00% 0.000%
04/13/99 0 0 8.0279% 7.9796%
0.00% 0.000%
03/15/99 0 0 7.5241% 7.4790%
0.00% 0.000%
02/16/99 0 0 8.0408% 7.9924%
0.00% 0.000%
01/13/99 0 0 8.0167% 7.9688%
0.00% 0.000%
12/15/98 0 0 7.8880% 7.8407%
0.00% 0.000%
11/13/98 0 0 8.0624% 8.0140%
0.00% 0.000%
10/14/98 0 0 7.8721% 7.8250%
0.00% 0.000%
09/15/98 0 0 8.1085% 8.0598%
0.00% 0.000%
08/13/98 0 0 8.0754% 8.0270%
0.00% 0.000%
07/14/98 0 0 7.8755% 7.8284%
0.00% 0.000%
06/15/98 0 0 8.1083% 8.0596%
0.00% 0.000%
05/13/98 0 0 7.8756% 7.8285%
0.00% 0.000%
04/14/98 0 0 8.0996% 8.0510%
0.00% 0.000%
03/13/98 0 0 7.5681% 7.5229%
0.00% 0.000%
Delinquent Loan Detail
Paid Outstanding
Disclosure Doc Thru Current P&I P&I
Control # Date Advance Advances**
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the current period P&I Advance
Out. Property Special
Disclosure Doc Protection Advance Servicer
Control # Advances Description (Transfer Date
Disclosure Doc Foreclosure Bankruptcy REO
Control # Date Date Date
01/00/00 01/00/00 01/00/00
Loan Level Detail
Property Operating
Type Maturity Statement
Name Code Date DSCR Date
AAPT Libor Component AMixed Use 07/11/14
AAPT Libor Component BMixed Use 07/11/27
Whitehall Pool Mixed Use 09/10/00 2.56012/31/98
Cadillac Fairview PoolRetail 11/26/26 2.01012/31/98
Montehiedra Retail 05/11/27 1.68012/31/98
Ritz Plaza Multifamily 04/24/27 1.99012/31/98
380 Madison Office 06/11/14
CAP Pool Mixed Use 07/11/27 2.13012/31/98
Century Plaza Towers Office 03/09/27 2.38012/31/98
AAPT Fixed Mixed Use 07/11/27 3.67012/31/98
* NOI and DSCR, if available and reportable under the terms of the trust
agreement,accuracy or methodology used to determine such figures.
(1) Legend:
A. P&I Adv - in Grace Period
B. P&I Adv - < one month delinq
1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months
3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I
5. Prepaid in Full
6. Specially Serviced
7. Foreclosure
8. Bankruptcy
Ending
Principal Note
Name State Balance Rate
AAPT Libor Component AVarious 22,635,038 5.833%
AAPT Libor Component BVarious 20,000,000 5.663%
Whitehall Pool Various 70,493,665 8.680%
Cadillac Fairview PoolVarious 254,125,763 7.935%
Montehiedra Puerto Rico 51,777,696 8.230%
Ritz Plaza New York 61,398,046 8.135%
380 Madison New York 89,000,000 7.848%
CAP Pool Virginia 86,425,324 7.480%
Century Plaza Towers California 225,653,568 8.039%
AAPT Fixed Various 71,745,551 7.480%
0
Loan
Scheduled Prepayment Status
Name P&I Prepayment Date Code (1)
AAPT Libor Component A 121,017 0
AAPT Libor Component B 103,813 0
Whitehall Pool 527,462 75,098
Cadillac Fairview Pool 1,737,639 178,350
Montehiedra 367,174 32,243
Ritz Plaza 430,376 39,078
380 Madison 601,462 0
CAP Pool 557,083 63,289
Century Plaza Towers 1,512,927 181,009
AAPT Fixed 463,129 156,423
_
