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: December 22, 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 December 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
December 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: December 22, 1999
ABN AMRO
LaSalle National Bank
Administrator:
Barbara Marik (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60603-4107
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 12/22/99
Payment Date: 12/22/99
Prior Payment: 11/22/99
Record Date: 12/15/99
WAC: 7.4844%
WAMM: 214
Number Of Pages
0
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 60603-4107
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 12/22/99
Payment Date: 12/22/99
Prior Payment: 11/22/99
Record Date: 12/15/99
WAC: 7.4844%
WAMM: 214
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 67,442,170.28 905,068.40
63859CCD3 1000.00000000 896.30102040 12.02828626
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 484,640,398.39 0.00
63859CCG6 1000.00000000 984.15642348 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
492,491,697.00 484,688,867.28 905,068.40
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 66,537,101.88
63859CCD3 0.00000000 0.00000000 884.27273414
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 0.00483,735,420.50
63859CCG6 0.00000000 0.00000000 982.31869016
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 0.00483,783,798.88
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-1 355,926.05 0.00 6.3330%
63859CCD3 4.73022859 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 219,272.36 0.00 0.5429%
63859CCG6 0.44527510 0.00000000 0.5919%
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 15,390.39 0.00 5.0000%
63859CCN1 4.16667186 0.00000000FIXED
R 0.00 0.00
9ABSC224 0.00000000 0.00000000
2,965,175.82 0.00
Total P&I Paym 3,870,244.22
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 6,744.23 90.51 0.00
None 1000.00000000 896.30274437 12.02870623 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 492,442,448.00 484,640,398.55 904,977.89 0.00
None 1000.00000000 984.15642380 1.83773331 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
492,491,697.17 484,688,867.45 905,068.40 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 6,653.72 35.59 0.00
None 0.00000000 884.27403814 4.72988238 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 0.00 483,735,420.66 2,964,901.21 0.00
None 0.00000000 982.31869049 6.02080755 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 1.55 0.00
None 0.00000000 1000.00000000 4.19633430 0.00000000
LR 0.00 0.00 21.94 0.00
9ABSC225 0.00000000 0.00000000 0.00004455 0.00000000
0.00 483,783,799.05 2,965,197.75 0.00
Total P&I Payme 3,870,266.15
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 7.3912%
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 60603-4107
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 12/22/99
Payment Dat 12/22/99
Prior Payme 11/22/99
Record Date 12/15/99
P&I Advances made by:Beginning Current
UnreimbursePeriod
Servicer 17,625.32 114,968.60
Trustee 0.00 0.00
Total P&I Advances 17,625.32 114,968.60
P&I Advances made by: Ending
Reimbursed Unreimbursed
Servicer 17,625.32 114,968.60
Trustee 0.00 0.00
Total P&I Advances 17,625.32 114,968.60
Master Servicing Fee 51,747.30
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 Distribution Amount 0.00
Monthly Payments 905,068.40
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 905,068.40
Available Distribution Amount 3,870,266.15
Available Funds Allocable to Pri 905,068.40
Principal Distribution Amount 905,068.40
Available Funds Allocable to Int 2,965,197.75
Distributable Certificate Intere 2,965,175.82
Beginning Stated Principal Balan484,688,868.75
Ending Stated Principal Balance 483,783,800.35
Beginning Loan Count 128
Ending Loan Count 128
Certificate Interest Allocations
Accrued Interest
Class Interest Distributed
A-1 355,926.05 355,926.05
A-2 1,109,381.1,109,381.02
A-3 753,899.07 753,899.07
X 219,272.36 219,272.36
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
12/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
11/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
10/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
09/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
08/23/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
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%
DistributioDelinq 3+ Months Foreclosure/Bankruptcy
Date # Balance # Balance
12/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
11/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
10/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
09/22/99 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
12/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
11/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
10/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
09/22/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
08/23/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
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%
DistributioPrepayments Curr Weighted Avg.
Date # Balance Coupon Remit
12/22/99 0 0 7.48% 7.34%
0.00% 0.00% 0.00% 0.00%
11/22/99 0 0 7.54% 7.39%
0.00% 0.00% 0.00% 0.00%
10/22/99 0 0 7.48% 7.34%
0.00% 0.00% 0.00% 0.00%
09/22/99 0 0 7.54% 7.39%
0.00% 0.00% 0.00% 0.00%
08/23/99 0 0 7.54% 7.39%
0.00% 0.00% 0.00% 0.00%
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%
Paid Outstanding Out. Property
Disclosure Thru Current P&IP&I Protection
Control # Date Advance Advances** Advances
2558 36479 15,129.59 15,129.59 0.00
1920NB 36479 17,625.77 17,625.77 0.00
2264 36479 38,554.86 38,554.86 0.00
50663 36465 26,078.99 26,078.99 0.00
50849 36465 17,579.39 17,579.39 0.00
Total 114,968.60 114,968.60 0.00
Special
Disclosure Advance Servicer Foreclosure Bankruptcy REO
Control # DescriptioTransfer DaDate Date Date
2558 B
1920NB B
2264 B
50663 B
50849 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 7,163,758 1.48%
$1,000,000to $1,250,000 10 11,803,773 2.44%
$1,250,000to $1,500,000 18 24,324,070 5.03%
$1,500,000to $1,750,000 13 21,463,186 4.44%
$1,750,000to $2,000,000 9 16,833,058 3.48%
$2,000,000to $2,250,000 11 22,603,056 4.67%
$2,250,000to $2,500,000 6 14,230,434 2.94%
$2,500,000to $3,000,000 10 26,629,543 5.50%
$3,000,000to $3,500,000 7 22,760,201 4.70%
$3,500,000to $4,000,000 3 11,137,692 2.30%
$4,000,000to $5,000,000 6 27,711,254 5.73%
$5,000,000to $5,500,000 8 42,540,826 8.79%
$5,500,000to $6,000,000 2 11,355,485 2.35%
$6,000,000to $7,000,000 2 12,642,480 2.61%
$7,000,000to $9,000,000 3 24,220,108 5.01%
$9,000,000to $10,000,000 2 19,316,267 3.99%
$10,000,000to $15,000,000 6 70,178,970 14.51%
$15,000,000to $20,000,000 3 54,223,589 11.21%
$20,000,000& Above 1 42,646,052 8.82%
Total 128 483,783,800 100.00%
Average Scheduled Balance is 3,779,561
Maximum Scheduled Balance is 42,646,052
Minimum Scheduled Balance is 722,552
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Retail 103 352,628,180 72.89%
Office 12 96,776,694 20.00%
Industrial 2 14,649,357 3.03%
Other 7 10,729,589 2.22%
Mobile Home 4 8,999,981 1.86%
Total 128 483,783,800 100.00%
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 4,397,248 0.91%
6.750%to 7.000% 16 56,364,869 11.65%
7.000%to 7.250% 25 104,606,088 21.62%
7.250%to 7.500% 38 122,067,868 25.23%
7.500%to 7.750% 18 41,959,833 8.67%
7.750%to 8.000% 20 102,758,009 21.24%
8.000%to 8.250% 9 46,277,209 9.57%
8.250%to 8.500% 1 5,352,676 1.11%
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 128 483,783,800 100.00%
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 55,604,794 11.49%
Massachusetts 11 55,521,624 11.48%
New York 19 54,060,026 11.17%
South Carolina 3 49,574,891 10.25%
Florida 8 43,686,418 9.03%
Georgia 5 40,107,230 8.29%
Pennsylvania 10 24,432,136 5.05%
California 4 18,090,458 3.74%
North Carolina 9 17,296,581 3.58%
Maryland 3 17,285,746 3.57%
Virginia 9 17,245,869 3.56%
Michigan 7 13,943,020 2.88%
Tennessee 5 10,873,650 2.25%
New Jersey 4 10,434,120 2.16%
Ohio 2 8,801,348 1.82%
Connecticut 3 6,148,266 1.27%
Illinois 2 5,494,492 1.14%
New Mexico 1 5,414,232 1.12%
Nebraska 1 5,398,221 1.12%
Arkansas 1 3,855,930 0.80%
New Hampshire 2 3,801,592 0.79%
Nevada 2 3,761,117 0.78%
Maine 2 3,718,417 0.77%
Kansas 1 3,356,088 0.69%
District of Columbia 2 2,422,505 0.50%
Alabama 1 1,332,766 0.28%
Missouri 1 1,232,855 0.25%
Washington 1 889,409 0.18%
Total 128 483,783,800 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 1 722,552 0.15%
1+ to 2 years 77 237,218,276 49.03%
2+ to 3 years 50 245,842,972 50.82%
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 128 483,783,800 100.00%
Weighted Average Seasoning is 1.967657833
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 118 441,241,684 91.21%
Amortizing Balloon 10 42,542,116 8.79%
Total 128 483,783,800 100.00%
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 13,558,638 2.80%
121 to 180 months 15 62,186,667 12.85%
181 to 240 months 81 248,408,684 51.35%
241 to 360 months 20 117,087,695 24.20%
Total 118 441,241,684 91.21%
Weighted Average Months to Maturity is 219.49
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 42,542,116 8.79%
181 to 240 months 0 0 0.00%
Total 10 42,542,116 8.79%
Weighted Average Months to Maturity is 158.97
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 1 2,068,073 0.43%
0.8751to 1 3 15,562,622 3.22%
1.0001to 1.125 4 4,928,464 1.02%
1.1251to 1.25 1 3,855,930 0.80%
1.2501to 1.375 2 5,731,566 1.18%
1.3751to 1.5 2 6,059,971 1.25%
1.5001to 1.625 0 0 0.00%
1.6251to 1.75 2 5,372,084 1.11%
1.7501to 1.875 0 0 0.00%
1.8751to 2 1 42,646,052 8.82%
2.0001to 2.125 0 0 0.00%
2.1251& above 3 7,113,322 1.47%
Unknown 109 390,445,716 80.71%
Total 128 483,783,800 100.00%
Weighted Average Debt Service Coverage Ratio is 1.745724
NOI Aging
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 0 0 0.00%
1 to 2 years 19 93,338,084 19.29%
2 Years or More 0 0 0.00%
Unknown 109 390,445,716 80.71%
Total 128 483,783,800 100.00%
(1) Debt Service Coverage Ratios are calculated as described
(2) 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 borrowe
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..
_
