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: February 11, 1999
(Date of earliest event reported)
NationsLink Funding Corporation
Sponsor)
(Issuer in Respect of Commercial Loan Pass-Through
Certificates Series 1999-LTL-1)
Exact name of registrant as specified in charter)
Delaware 333-66805 56-1950039
(State or other juris- (Commission (I.R.S. Employer
diction of organization) File No.) Identification No.)
100 North Tryon Street,Charlotte, NC 28255
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code
(704) 386-2400
(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 Loan Pass-Through Certificates
Series 1999-LTL-1 issued pursuant to, a Pooling and Servicing
Agreement, dated as of February 15, 1998 (the "Pooling and Servicing
Agreement"), by and among NationsLink Funding Corporation,
as sponsor, Midland Loan Services, Inc. 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-2, Class A-3, Class X, and Class B
Certificates have been registered pursuant to the Act under a
Registration Statement on Form S-3(File No.333-66805) 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 Section 3.20 of the Pooling and Servicing
Agreement, the Trustee is filing this Current Report containing
the July 22, 1999 monthly distribution report.
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 Monthly distribution report pursuant to
Section 4.02 of the Pooling and Servicing
Agreement for the distribution on
July 22, 1999.
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: July 22, 1999
ABN AMRO
LaSalle National Bank
Administrator:
Barbara Marik (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
NationsLink Funding Corporation, as Depositor
Bank of America, N.A., as Mortgage Loan Seller
Capital Lease Funding, L.P., as Mortgage Loan Seller
Midland Loan Services, Inc., as Master Servicer and Special
Servicer
Commercial Loan Pass-Through Certificates, Series 1999-LTL-1
ABN AMRO Acct: 67-8098-906
Statement Date 07/22/99
Payment Date: 07/22/99
Prior Payment: 06/22/99
Record Date: 07/15/99
WAC: 7.4844%
WAMM: 219
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 2
Other Related Information 2
Asset Backed Facts Sheets 1
Delinquency Loan Detail 1
Mortgage Loan Characteristics 2
Total Pages Included In This Package 9
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
Information is available for this issue from the following
Sources
LaSalle Web Site www.lnbabs.com
LaSalle Bulletin Board (714) 282-3990
LaSalle ASAP Fax System (714) 282-5518
ASAP #: 291
Monthly Data File Name: 0291MMYY.EXE
ABN AMRO
LaSalle National Bank
Administrator:
Barbara Marik (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
NationsLink Funding Corporation, as Depositor
Bank of America, N.A., as Mortgage Loan Seller
Capital Lease Funding, L.P., as Mortgage Loan Seller
Midland Loan Services, Inc., as Master Servicer and Special
Servicer
Commercial Loan Pass-Through Certificates, Series 1999-LTL-1
ABN AMRO Acct: 67-8098-906
Remic II
Statement Date 07/22/99
Payment Date: 07/22/99
Prior Payment: 06/22/99
Record Date: 07/15/99
WAC: 7.4844%
WAMM: 219
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 75,245,000.00 71,809,068.27 872,325.69
63859CCD3 1000.00000000 954.33674357 11.59313828
A-2 193,863,000.00 193,863,000.00 0.00
63859CCE1 1000.00000000 1000.00000000 0.00000000
A-3 127,347,816.00 127,347,816.00 0.00
63859CCF8 1000.00000000 1000.00000000 0.00000000
X 492,442,448.00N 489,006,859.69 0.00
63859CCG6 1000.00000000 993.02337091 0.00000000
B 25,855,814.00 25,855,814.00 0.00
63859CCH4 1000.00000000 1000.00000000 0.00000000
C 20,930,897.00 20,930,897.00 0.00
63859CCJ0 1000.00000000 1000.00000000 0.00000000
D 30,780,731.00 30,780,731.00 0.00
63859CCK7 1000.00000000 1000.00000000 0.00000000
E 11,081,063.00 11,081,063.00 0.00
63859CCL5 1000.00000000 1000.00000000 0.00000000
F 3,693,687.00 3,693,687.00 0.00
63859CCM3 1000.00000000 1000.00000000 0.00000000
G 3,693,689.00 3,693,689.00 0.00
63859CCN1 1000.00000000 1000.00000000 0.00000000
R 0.00 0.00 0.00
9ABSC224 1000.00000000 0.00000000 0.00000000
492,491,697.00 489,055,765.27 872,325.69
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 70,936,742.58
63859CCD3 0.00000000 0.00000000 942.74360529
A-2 0.00 0.00193,863,000.00
63859CCE1 0.00000000 0.00000000 1000.00000000
A-3 0.00 0.00127,347,816.00
63859CCF8 0.00000000 0.00000000 1000.00000000
X 0.00 0.00488,134,621.24
63859CCG6 0.00000000 0.00000000 991.25212138
B 0.00 0.00 25,855,814.00
63859CCH4 0.00000000 0.00000000 1000.00000000
C 0.00 0.00 20,930,897.00
63859CCJ0 0.00000000 0.00000000 1000.00000000
D 0.00 0.00 30,780,731.00
63859CCK7 0.00000000 0.00000000 1000.00000000
E 0.00 0.00 11,081,063.00
63859CCL5 0.00000000 0.00000000 1000.00000000
F 0.00 0.00 3,693,687.00
63859CCM3 0.00000000 0.00000000 1000.00000000
G 0.00 0.00 3,693,689.00
63859CCN1 0.00000000 0.00000000 1000.00000000
R 0.00 0.00 0.00
9ABSC224 0.00000000 0.00000000 0.00000000
0.00 0.00488,183,439.58
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
A-1 378,972.36 0.00 6.3330%
63859CCD3 5.03651219 0.00000000FIXED
A-2 1,109,381.02 0.00 6.8670%
63859CCE1 5.72250001 0.00000000FIXED
A-3 753,899.07 0.00 7.1040%
63859CCF8 5.91999999 0.00000000FIXED
X 222,933.74 0.00 0.5471%
63859CCG6 0.45271024 0.00000000 0.5961%
B 155,242.62 0.00 7.2050%
63859CCH4 6.00416680 0.00000000FIXED
C 129,056.42 0.00 7.3990%
63859CCJ0 6.16583322 0.00000000FIXED
D 165,446.43 0.00 6.4500%
63859CCK7 5.37500003 0.00000000FIXED
E 46,171.10 0.00 5.0000%
63859CCL5 4.16666704 0.00000000FIXED
F 15,390.36 0.00 5.0000%
63859CCM3 4.16666599 0.00000000FIXED
G 15,390.37 0.00 5.0000%
63859CCN1 4.16666644 0.00000000FIXED
R 0.00 0.00
9ABSC224 0.00000000 0.00000000
2,991,883.49 0.00
Total P&I Paym 3,864,209.18
Original Opening Principal Principal
Class Face Value (1)Balance Payment Adj. or Loss
CUSIP Per $1,000 Per $1,000 Per $1,000 Per $1,000
LA-1 7,524.50 7,180.92 87.23 0.00
None 1000.00000000 954.33849425 11.59279686 0.00000000
LA-2 19,386.30 19,386.30 0.00 0.00
None 1000.00000000 1000.00000000 0.00000000 0.00000000
LA-3 12,734.78 12,734.78 0.00 0.00
None 1000.00000000 1000.00000000 0.00000000 0.00000000
LWAC 492,442,448.00 489,006,859.85 872,238.46 0.00
None 1000.00000000 993.02337123 1.77124954 0.00000000
LB 2,585.58 2,585.58 0.00 0.00
None 1000.00000000 1000.00000000 0.00000000 0.00000000
LC 2,093.09 2,093.09 0.00 0.00
None 1000.00000000 1000.00000000 0.00000000 0.00000000
LD 3,078.07 3,078.07 0.00 0.00
None 1000.00000000 1000.00000000 0.00000000 0.00000000
LE 1,108.11 1,108.11 0.00 0.00
None 1000.00000000 1000.00000000 0.00000000 0.00000000
LF 369.37 369.37 0.00 0.00
None 1000.00000000 1000.00000000 0.00000000 0.00000000
LG 369.37 369.37 0.00 0.00
None 1000.00000000 1000.00000000 0.00000000 0.00000000
LR 0.00 0.00 0.00 0.00
9ABSC225 1000.00000000 0.00000000 0.00000000 0.00000000
492,491,697.17 489,055,765.44 872,325.69 0.00
Negative Closing Interest Interest
Class Amortization Balance Payment Adjustment
CUSIP Per $1,000 Per $1,000 Per $1,000 Per $1,000
LA-1 0.00 7,093.69 37.90 0.00
None 0.00000000 942.74569739 5.03687953 0.00000000
LA-2 0.00 19,386.30 110.94 0.00
None 0.00000000 1000.00000000 5.72259792 0.00000000
LA-3 0.00 12,734.78 75.39 0.00
None 0.00000000 1000.00000000 5.92000804 0.00000000
LWAC 0.00 488,134,621.39 2,991,606.58 0.00
None 0.00000000 991.25212169 6.07503799 0.00000000
LB 0.00 2,585.58 15.52 0.00
None 0.00000000 1000.00000000 6.00252168 0.00000000
LC 0.00 2,093.09 12.91 0.00
None 0.00000000 1000.00000000 6.16791442 0.00000000
LD 0.00 3,078.07 16.54 0.00
None 0.00000000 1000.00000000 5.37349703 0.00000000
LE 0.00 1,108.11 4.62 0.00
None 0.00000000 1000.00000000 4.16926117 0.00000000
LF 0.00 369.37 1.54 0.00
None 0.00000000 1000.00000000 4.16926117 0.00000000
LG 0.00 369.37 1.54 0.00
None 0.00000000 1000.00000000 4.16926117 0.00000000
LR 0.00 0.00 22.30 0.00
9ABSC225 0.00000000 0.00000000 0.00004528 0.00000000
0.00 488,183,439.75 2,991,905.78 0.00
Total P&I Payme 3,864,231.47
Pass-Through
Class Rate (2)
CUSIP Next Rate (3)
LA-1 6.3330%
None FIXED
LA-2 6.8670%
None FIXED
LA-3 7.1040%
None FIXED
LWAC 7.3413%
None 7.3911%
LB 7.2050%
None FIXED
LC 7.3990%
None FIXED
LD 6.4500%
None FIXED
LE 5.0000%
None FIXED
LF 5.0000%
None FIXED
LG 5.0000%
None FIXED
LR
9ABSC225
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
ABN AMRO
LaSalle National Bank
Administrator:
Barbara Marik (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
NationsLink Funding Corporation, as Depositor
Bank of America, N.A., as Mortgage Loan Seller
Capital Lease Funding, L.P., as Mortgage Loan Seller
Midland Loan Services, Inc., as Master Servicer and Special
Servicer
Commercial Loan Pass-Through Certificates, Series 1999-LTL-1
ABN AMRO Acct: 67-8098-906
Other Related Information
Statement D 07/22/99
Payment Dat 07/22/99
Prior Payme 06/22/99
Record Date 07/15/99
P&I Advances made by:Beginning Current
UnreimbursePeriod
Servicer 90,403.14 15,723.07
Trustee 0.00 0.00
Total P&I Advances 90,403.14 15,723.07
P&I Advances made by: Ending
Reimbursed Unreimbursed
Servicer 90,403.14 15,723.07
Trustee 0.00 0.00
Total P&I Advances 90,403.14 15,723.07
Master Servicing Fee 52,211.59
Special Servicing Compensation 0.00
Additional Servicing Compensatio 0.00
Current Realized Losses 0.00
Cumulative Realized Losses 0.00
Current Additional Trust Fund Ex 0.00
Principal Distribuiton Amount 0.00
Monthly Payments 872,325.69
Curtailments 0.00
Other Principal Adjusments 0.00
Prepayments in Full 0.00
Liquidation Proceeds 0.00
REO Proceeds 0.00
Other Principal Proceeds 0.00
Total Principal Distribution Amo 872,325.69
Available Distribution Amount 3,864,231.47
Available Funds Allocable to Pri 872,325.69
Principal Distribution Amount 872,325.69
Available Funds Allocable to Int 2,991,905.78
Distributable Certificate Intere 2,991,883.49
Beginning Stated Principal Balan489,055,766.74
Ending Stated Principal Balance 488,183,441.05
Beginning Loan Count 128
Ending Loan Count 128
Certificate Interest Allocations
Accrued Interest
Class Interest Distributed
A-1 378,972.36 378,972.36
A-2 1,109,381.1,109,381.02
A-3 753,899.07 753,899.07
X 222,933.74 222,933.74
B 155,242.62 155,242.62
C 129,056.42 129,056.42
D 165,446.43 165,446.43
E 46,171.10 46,171.10
F 15,390.36 15,390.36
Certificate Interest Allocations
Beginning Ending
Unpaid Unpaid Prepayment
Class Interest Interest Premiums
A-1 0.00 0.00 0.00
A-2 0.00 0.00 0.00
A-3 0.00 0.00 0.00
X 0.00 0.00 0.00
B 0.00 0.00 0.00
C 0.00 0.00 0.00
D 0.00 0.00 0.00
E 0.00 0.00 0.00
F 0.00 0.00 0.00
G 0.00 0.00 0.00
R 0.00 0.00 0.00
Totals 0.00 0.00 0.00
DistributioDelinq 1 Month Delinq 2 Months
Date # Balance # Balance
07/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
06/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
05/24/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
04/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
03/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributioDelinq 3+ Months Foreclosure/Bankruptcy
Date # Balance # Balance
07/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
06/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
05/24/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
04/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
0 0 0 0
01/00/00 0.00% 0.00% 0.00% 0.00%
0 0 0 0
01/00/00 0.00% 0.00% 0.00% 0.00%
0 0 0 0
01/00/00 0.00% 0.00% 0.00% 0.00%
0 0 0 0
01/00/00 0.00% 0.00% 0.00% 0.00%
0 0 0 0
01/00/00 0.00% 0.00% 0.00% 0.00%
0 0 0 0
01/00/00 0.00% 0.00% 0.00% 0.00%
0 0 0 0
01/00/00 0.00% 0.00% 0.00% 0.00%
0 0 0 0
01/00/00 0.00% 0.00% 0.00% 0.00%
0 0 0 0
01/00/00 0.00% 0.00% 0.00% 0.00%
0 0 0 0
01/00/00 0.00% 0.00% 0.00% 0.00%
0 0 0 0
01/00/00 0.00% 0.00% 0.00% 0.00%
0 0 0 0
01/00/00 0.00% 0.00% 0.00% 0.00%
DistributioREO Modifications
Date # Balance # Balance
07/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
06/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
05/24/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
04/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
03/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributioPrepayments Curr Weighted Avg.
Date # Balance Coupon Remit
07/22/99 0 0 7.48% 7.34%
0.00% 0.00% 0.00% 0.00%
06/22/99 0 0 7.54% 7.39%
0.00% 0.00% 0.00% 0.00%
05/24/99 0 0 7.48% 7.34%
0.00% 0.00% 0.00% 0.00%
04/22/99 0 0 7.54% 7.39%
0.00% 0.00% 0.00% 0.00%
03/22/99 0 0 7.38% 7.24%
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
Paid Outstanding Out. Property
Disclosure Thru Current P&IP&I Protection
Control # Date Advance Advances** Advances
1889 36326 15,723.07 15,723.07 0.00
Total 15,723.07 15,723.07 0.00
Special
Disclosure Advance Servicer Foreclosure Bankruptcy REO
Control # DescriptioTransfer DaDate Date Date
1889 B
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
Distribution of Principal Balances
Current Scheduled Number Scheduled Based on
Balances of Loans Balance Balance
$0to $500,000 0 0 0.00%
$500,000to $1,000,000 8 7,213,197 1.48%
$1,000,000to $1,250,000 10 11,906,905 2.44%
$1,250,000to $1,500,000 18 24,564,204 5.03%
$1,500,000to $1,750,000 13 21,647,601 4.43%
$1,750,000to $2,000,000 8 14,971,969 3.07%
$2,000,000to $2,250,000 12 24,801,493 5.08%
$2,250,000to $2,500,000 6 14,348,814 2.94%
$2,500,000to $3,000,000 10 26,860,639 5.50%
$3,000,000to $3,500,000 6 19,508,539 4.00%
$3,500,000to $4,000,000 4 14,848,194 3.04%
$4,000,000to $5,000,000 6 27,878,473 5.71%
$5,000,000to $5,500,000 8 42,922,193 8.79%
$5,500,000to $6,000,000 2 11,449,804 2.35%
$6,000,000to $7,000,000 2 12,736,943 2.61%
$7,000,000to $9,000,000 3 24,456,979 5.01%
$9,000,000to $10,000,000 1 9,381,790 1.92%
$10,000,000to $15,000,000 7 80,857,750 16.56%
$15,000,000to $20,000,000 3 54,736,972 11.21%
$20,000,000& Above 1 43,090,982 8.83%
Total 128 488,183,441 100.00%
Average Scheduled Balance is 3,813,933
Maximum Scheduled Balance is 43,090,982
Minimum Scheduled Balance is 725,595
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Retail 103 355,526,834 72.83%
Office 12 98,005,192 20.08%
Industrial 2 14,708,212 3.01%
Other 7 10,845,261 2.22%
Mobile Home 4 9,097,942 1.86%
Total 128 488,183,441 100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
6.500%or less 0 0 0.00%
6.500%to 6.750% 1 4,462,541 0.91%
6.750%to 7.000% 16 56,844,764 11.64%
7.000%to 7.250% 25 105,654,301 21.64%
7.250%to 7.500% 38 123,065,962 25.21%
7.500%to 7.750% 18 42,395,407 8.68%
7.750%to 8.000% 20 103,798,796 21.26%
8.000%to 8.250% 9 46,580,774 9.54%
8.250%to 8.500% 1 5,380,896 1.10%
8.500%to 8.750% 0 0 0.00%
8.750%to 9.000% 0 0 0.00%
9.000%to 9.250% 0 0 0.00%
9.250%to 9.500% 0 0 0.00%
9.500%to 9.750% 0 0 0.00%
0.0975& Above 0 0 0.00%
Total 128 488,183,441 100.00%
W/Avg Mortgage Interest Rate is 7.48%
Minimum Mortgage Interest Rate is 6.73%
Maximum Mortgage Interest Rate is 8.32%
Geographic Distribution
Number Scheduled Based on
Geographic Location of Loans Balance Balance
Texas 9 56,108,418 11.49%
Massachusetts 11 55,971,991 11.47%
New York 19 54,715,998 11.21%
South Carolina 3 50,050,084 10.25%
Florida 8 44,027,899 9.02%
Georgia 5 40,304,168 8.26%
Pennsylvania 10 24,750,984 5.07%
California 4 18,258,497 3.74%
North Carolina 9 17,426,068 3.57%
Virginia 9 17,408,462 3.57%
Maryland 3 17,380,967 3.56%
Michigan 7 14,050,582 2.88%
Tennessee 5 10,946,811 2.24%
New Jersey 4 10,560,054 2.16%
Ohio 2 8,900,577 1.82%
Connecticut 3 6,208,812 1.27%
Illinois 2 5,548,117 1.14%
New Mexico 1 5,467,119 1.12%
Nebraska 1 5,445,586 1.12%
Arkansas 1 3,893,611 0.80%
New Hampshire 2 3,842,970 0.79%
Nevada 2 3,791,060 0.78%
Maine 2 3,767,445 0.77%
Kansas 1 3,415,987 0.70%
District of Columbia 2 2,454,206 0.50%
Alabama 1 1,349,726 0.28%
Missouri 1 1,238,039 0.25%
Washington 1 899,205 0.18%
Total 128 488,183,441 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 31 87,099,153 17.84%
1+ to 2 years 80 325,357,060 66.65%
2+ to 3 years 17 75,727,228 15.51%
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 128 488,183,441 100.00%
Weighted Average Seasoning is 1.551736417
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 118 445,405,160 91.24%
Amortizing Balloon 10 42,778,281 8.76%
Total 128 488,183,441 100.00%
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 2 13,980,105 2.86%
121 to 180 months 14 62,021,403 12.70%
181 to 240 months 81 239,489,787 49.06%
241 to 360 months 21 129,913,865 26.61%
Total 118 445,405,160 91.24%
Weighted Average Months to Maturity is 224.28
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 0 0 0.00%
37 to 48 months 0 0 0.00%
49 to 60 months 0 0 0.00%
61 to 120 months 0 0 0.00%
121 to 180 months 10 42,778,281 8.76%
181 to 240 months 0 0 0.00%
Total 10 42,778,281 8.76%
Weighted Average Months to Maturity is 163.98
Distribution of DSCR
Debt Service Number Scheduled Based on
Coverage Ratio (1) of Loans Balance Balance
0.5or less 0 0 0.00%
0.5001to 0.625 0 0 0.00%
0.6251to 0.75 0 0 0.00%
0.7501to 0.875 0 0 0.00%
0.8751to 1 3 5,405,194 1.11%
1.0001to 1.125 2 2,155,873 0.44%
1.1251to 1.25 1 3,893,611 0.80%
1.2501to 1.375 0 0 0.00%
1.3751to 1.5 0 0 0.00%
1.5001to 1.625 0 0 0.00%
1.6251to 1.75 1 3,415,987 0.70%
1.7501to 1.875 0 0 0.00%
1.8751to 2 0 0 0.00%
2.0001to 2.125 0 0 0.00%
2.1251& above 2 2,236,533 0.46%
Unknown 119 471,076,244 96.50%
Total 128 488,183,441 100.00%
Weighted Average Debt Service Coverage Ratio is 1.471128
NOI Aging
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 9 18,417,830 3.77%
1 to 2 years 0 0 0.00%
2 Years or More 0 0 0.00%
Unknown 119 469,765,611 96.23%
Total 128 488,183,441 100.00%
(1) Debt Service Coverage Ratios are calculated as described in
the prosp values are updated periodically as new NOI figures
became 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.
Specially Serviced Loan Detail
Beginning
Disclosure Scheduled Interest Maturity
Control # Balance Rate Date
0
Specially
Disclosure Property Serviced
Control # Type Status CodeComments
0 0
0 0
0 0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
(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
Modified Loan Detail
Disclosure ModificatiModification
Control # Date Description
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
Realized Loss Detail
Beginning
Dist. DisclosureAppraisal Appraisal Scheduled
Date Control # Date Value Balance
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
0 0 01/00/00 0.00 0.00
Current Total 0.00
Cumulative 0.00
Gross ProceedAggregate
Dist. DisclosureGross as a % of Liquidation
Date Control # Proceeds Sched PrincipExpenses *
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
0 0 0.00 0.00
Current Total 0.00 0.00
Cumulative 0.00 0.00
Net Net Proceeds
Dist. DisclosureLiquidationas a % of Realized
Date Control # Proceeds Sched. BalancLoss
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Current Total 0.00 0.00
Cumulative 0.00 0.00
* Aggregate liquidation expenses also include outstanding
P&I advances and unpaid servicing fees, unpaid trustee fees, etc..
_
