COMMERCIAL MORTGAGE ACCEPTANCE CORP SERIES 1999-C1 TRUST
8-K, 1999-11-19
ASSET-BACKED SECURITIES
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported) November 15, 1999


         TRUST CREATED BY COMMERCIAL MORTGAGE ACCEPTANCE CORPORATION
                     (under a Pooling & Servicing Agreement
                  dated as of July 1, 1999, which Trust is
                the issuer of Commercial Mortgage Pass-Through
                          Certificates, Series 1999-C1)
            (Exact name of Registrant as specified in its Charter)





     New York                     333-51817-02                   52-2128227
(State or Other Jurisdiction      (Commission                 (I.R.S. Employer
of Formation)                      File No.)               Identification No.)

LaSalle Bank, N.A., Trustee,
Corporate Trust Department
135 S. LaSalle Street, Suite 1625
Chicago, IL                                                       60674-4107
Attention:  Asset-Backed Securities Trust Services                (Zip Code)
            CMAC Series 1999-C1
(Address of principal executive office)

Registrant's telephone number, including area code:   (800)246-5761


                         The Exhibit Index is on page 2.





                                    Page - 1
<PAGE>

ITEM 5.     OTHER EVENTS

      Attached hereto is a copy of the November 15, 1999, Monthly Remittance
Statement provided to the Certificateholders by the Trustee.


ITEM 7.     FINANCIAL STATEMENTS AND EXHIBITS

    Exhibits

    Monthly Remittance Statement to the Certificateholders dated as of
    November 15, 1999.

    Loan data files as of the November 1999 Determination Date

                                    SIGNATURE


      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.


                             MIDLAND LOAN SERVICES, INC., not in its individual
                             capacity but solely as a duly authorized  agent of
                             the  Registrant  pursuant  to Section 3.20 of the
                             Pooling & Servicing Agreement dated as of July
                             1, 1999

                             By:   Midland Loan Services,  Inc.,




                              /s/ Lawrence D. Ashley

                              By: Lawrence D. Ashley
                              Title: Senior Vice President

Date: November 15, 1999


                                  EXHIBIT INDEX

                                                                   Sequential
Document                                                           Page Number

Monthly Remittance Statement to the Certificateholders                   3
dated as of November 15, 1999

Loan data file as of the November 1999 Determination Date                29


                                    Page - 2

ABN AMRO                                         Statement Date       11/15/99
LaSalle Bank N.A.                                Payment Date:        11/15/99
Administrator:                                   Prior Payment:       10/15/99
  Kori Sumser  (800) 246-5761                    Record Date:         10/30/99
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107                       WAC:                  7.7369%
                                                 WAMM:                     164

                Commercial Mortgage Acceptance Corp., Depositor
                  Midland Loan Services, Inc., Master Servicer
            Orix Real Estate Capital Markets, LLC, Special Servicer
         Commercial Mortgage Pass-Through Certificates, Series 1999-C1

                          ABN AMRO Acct: 67-8184-70-6

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
Bloomberg                                  User Terminal

ASAP #:                                                427
Monthly Data File Name:                    0427MMYY.EXE

<TABLE>
                                   REMIC III
<CAPTION>
                          Original              Opening            Principal
Class                  Face Value (1)           Balance             Payment
CUSIP                    Per $1,000            Per $1,000         Per $1,000
<S>                   <C>                  <C>                <C>
A-1 ...............     133,500,000.00       131,653,206.34         573,604.98
201728DZ2 .........     1000.000000000        986.166339625        4.296666517
A-2 ...............     409,513,000.00       409,513,000.00               0.00
201728EA6 .........     1000.000000000       1000.000000000        0.000000000
X .................    733,801,915.00N       731,955,121.34               0.00
201728EG3 .........     1000.000000000        997.483253147        0.000000000
B .................      33,021,000.00        33,021,000.00               0.00
201728EB4 .........     1000.000000000       1000.000000000        0.000000000
C .................      34,856,000.00        34,856,000.00               0.00
201728EC2 .........     1000.000000000       1000.000000000        0.000000000
D .................      11,007,000.00        11,007,000.00               0.00
201728ED0 .........     1000.000000000       1000.000000000        0.000000000
E .................      23,848,000.00        23,848,000.00               0.00
201728EE8 .........     1000.000000000       1000.000000000        0.000000000
F .................      12,842,000.00        12,842,000.00               0.00
201728EF5 .........     1000.000000000       1000.000000000        0.000000000
G .................       1,834,000.00         1,834,000.00               0.00
201728EH1 .........     1000.000000000       1000.000000000        0.000000000
H .................      12,842,000.00        12,842,000.00               0.00
201728EJ7 .........     1000.000000000       1000.000000000        0.000000000
J .................      20,179,000.00        20,179,000.00               0.00
201728EK4 .........     1000.000000000       1000.000000000        0.000000000
K .................       5,504,000.00         5,504,000.00               0.00
201728EL2 .........     1000.000000000       1000.000000000        0.000000000
L .................       7,338,000.00         7,338,000.00               0.00
201728EM0 .........     1000.000000000       1000.000000000        0.000000000
M .................       9,172,000.00         9,172,000.00               0.00
201728EN8 .........     1000.000000000       1000.000000000        0.000000000
N .................       5,504,000.00         5,504,000.00               0.00
201728EP3 .........     1000.000000000       1000.000000000        0.000000000
O .................       3,669,000.00         3,669,000.00               0.00
201728EQ1 .........     1000.000000000       1000.000000000        0.000000000
P .................       9,172,915.00         9,172,915.00               0.00
201728ER9 .........     1000.000000000       1000.000000000        0.000000000
RIII ..............               0.00                 0.00               0.00
9ABSC620 ..........     1000.000000000          0.000000000        0.000000000
- -------------------   ----------------     ----------------   ----------------
                        733,801,915.00       731,955,121.34         573,604.98
                      ================     ================   ================
<FN>
(1) N denotes notional balance not included in total
</FN>
</TABLE>

                                    Page - 3
<PAGE>
                              REMIC III, Continued

                          Principal            Negative            Closing
Class                   Adj. or Loss         Amortization          Balance
CUSIP                    Per $1,000           Per $1,000         Per $1,000

A-1 ...............               0.00                 0.00     131,079,601.36
201728DZ2 .........        0.000000000          0.000000000      981.869673109
A-2 ...............               0.00                 0.00     409,513,000.00
201728EA6 .........        0.000000000          0.000000000     1000.000000000
X .................               0.00                 0.00     731,381,516.36
201728EG3 .........        0.000000000          0.000000000      996.701564018
B .................               0.00                 0.00      33,021,000.00
201728EB4 .........        0.000000000          0.000000000     1000.000000000
C .................               0.00                 0.00      34,856,000.00
201728EC2 .........        0.000000000          0.000000000     1000.000000000
D .................               0.00                 0.00      11,007,000.00
201728ED0 .........        0.000000000          0.000000000     1000.000000000
E .................               0.00                 0.00      23,848,000.00
201728EE8 .........        0.000000000          0.000000000     1000.000000000
F .................               0.00                 0.00      12,842,000.00
201728EF5 .........        0.000000000          0.000000000     1000.000000000
G .................               0.00                 0.00       1,834,000.00
201728EH1 .........        0.000000000          0.000000000     1000.000000000
H .................               0.00                 0.00      12,842,000.00
201728EJ7 .........        0.000000000          0.000000000     1000.000000000
J .................               0.00                 0.00      20,179,000.00
201728EK4 .........        0.000000000          0.000000000     1000.000000000
K .................               0.00                 0.00       5,504,000.00
201728EL2 .........        0.000000000          0.000000000     1000.000000000
L .................               0.00                 0.00       7,338,000.00
201728EM0 .........        0.000000000          0.000000000     1000.000000000
M .................               0.00                 0.00       9,172,000.00
201728EN8 .........        0.000000000          0.000000000     1000.000000000
N .................               0.00                 0.00       5,504,000.00
201728EP3 .........        0.000000000          0.000000000     1000.000000000
O .................               0.00                 0.00       3,669,000.00
201728EQ1 .........        0.000000000          0.000000000     1000.000000000
P .................               0.00                 0.00       9,172,915.00
201728ER9 .........        0.000000000          0.000000000     1000.000000000
RIII ..............               0.00                 0.00               0.00
9ABSC620 ..........        0.000000000          0.000000000        0.000000000
- -------------------   ----------------     ----------------   ----------------
                                  0.00                 0.00     731,381,516.36
                      ================     ================   ================

Total P&I Payment                                                 5,383,711.76
                                                                  ============

                                    Page - 4
<PAGE>
<TABLE>
                              REMIC III, Continued
<CAPTION>
                           Interest           Interest            Pass-Through
Class                      Payment            Adjustment            Rate (2)
CUSIP                     Per $1,000         Per $1,000           Next Rate (3)
<S>                   <C>                  <C>                <C>
A-1 ...............         744,937.73                 0.00         6.79000000%
201728DZ2 .........        5.580057903          0.000000000         6.79000000%
A-2 ...............       2,399,063.66                 0.00         7.03000000%
201728EA6 .........        5.858333337          0.000000000         7.03000000%
X .................         511,050.83                 0.00         0.83783962%
201728EG3 .........        0.696442486          0.000000000         0.61702117%
B .................         198,126.00                 0.00         7.20000000%
201728EB4 .........        6.000000000          0.000000000         7.20000000%
C .................         218,602.44                 0.00         7.52590443%
201728EC2 .........        6.271587101          0.000000000         7.27651355%
D .................          69,948.61                 0.00         7.62590443%
201728ED0 .........        6.354920505          0.000000000         7.37651355%
E .................         156,719.21                 0.00         7.88590443%
201728EE8 .........        6.571587135          0.000000000         7.63651355%
F .................          84,392.32                 0.00         7.88590443%
201728EF5 .........        6.571586980          0.000000000         7.63651355%
G .................          12,052.29                 0.00         7.88590443%
201728EH1 .........        6.571586696          0.000000000         7.63651355%
H .................          72,664.32                 0.00         6.79000000%
201728EJ7 .........        5.658333593          0.000000000         6.79000000%
J .................         114,179.51                 0.00         6.79000000%
201728EK4 .........        5.658333416          0.000000000         6.79000000%
K .................          31,143.47                 0.00         6.79000000%
201728EL2 .........        5.658333939          0.000000000         6.79000000%
L .................          41,520.85                 0.00         6.79000000%
201728EM0 .........        5.658333333          0.000000000         6.79000000%
M .................          51,898.23                 0.00         6.79000000%
201728EN8 .........        5.658332970          0.000000000         6.79000000%
N .................          31,143.47                 0.00         6.79000000%
201728EP3 .........        5.658333939          0.000000000         6.79000000%
O .................     20760.43000000                 0.00         6.79000000%
201728EQ1 .........               5.66          0.000000000         6.79000000%
P .................     51903.41000000                 0.00         6.79000000%
201728ER9 .........               5.66          0.000000000         6.79000000%
RIII ..............        0.000000000                 0.00
9ABSC620 ..........               0.00          0.000000000
                      ----------------     ----------------   ----------------
                          4,810,106.78                 0.00               0.00
                      ================     ================   ================
<FN>
(2)  Interest Paid minus Interest Adjustment minus Deferred Interest equals
     Accrual.
(3)  Estimated
</FN>
</TABLE>

                                    Page - 5
<PAGE>
<TABLE>
                                    REMIC II
<CAPTION>
                          Original              Opening            Principal
Class                  Face Value (1)           Balance             Payment
CUSIP                    Per $1,000            Per $1,000         Per $1,000
<S>                   <C>                  <C>                <C>
A-1-II ............     133,500,000.00       131,653,206.34         573,604.98
None ..............     1000.000000000        986.166339625        4.296666517
A-2-II ............     409,513,000.00       409,513,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
B-II ..............      33,021,000.00        33,021,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
C-II ..............      34,856,000.00        34,856,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
D-II ..............      11,007,000.00        11,007,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
E-II ..............      23,848,000.00        23,848,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
F-II ..............      12,842,000.00        12,842,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
G-II ..............       1,834,000.00         1,834,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
H-II ..............      12,842,000.00        12,842,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
J-II ..............      20,179,000.00        20,179,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
K-II ..............       5,504,000.00         5,504,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
L-II ..............       7,338,000.00         7,338,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
M-II ..............       9,172,000.00         9,172,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
N-II ..............       5,504,000.00         5,504,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
O-II ..............       3,669,000.00         3,669,000.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
P-II ..............       9,172,915.00         9,172,915.00               0.00
None ..............     1000.000000000       1000.000000000        0.000000000
RII ...............              0.00N                 0.00               0.00
9ABSC602 ..........     1000.000000000          0.000000000        0.000000000
- -------------------   ----------------     ----------------   ----------------
                        733,801,915.00       731,955,121.34         573,604.98
                      ================     ================   ================
<FN>
(1) N denotes notional balance not included in total
</FN>
</TABLE>

                                    Page - 6
<PAGE>
                               REMIC II, Continued

                          Principal            Negative            Closing
Class                   Adj. or Loss         Amortization          Balance
CUSIP                    Per $1,000           Per $1,000         Per $1,000

A-1-II ............               0.00                 0.00     131,079,601.36
None ..............        0.000000000          0.000000000      981.869673109
A-2-II ............               0.00                 0.00     409,513,000.00
None ..............        0.000000000          0.000000000     1000.000000000
B-II ..............               0.00                 0.00      33,021,000.00
None ..............        0.000000000          0.000000000     1000.000000000
C-II ..............               0.00                 0.00      34,856,000.00
None ..............        0.000000000          0.000000000     1000.000000000
D-II ..............               0.00                 0.00      11,007,000.00
None ..............        0.000000000          0.000000000     1000.000000000
E-II ..............               0.00                 0.00      23,848,000.00
None ..............        0.000000000          0.000000000     1000.000000000
F-II ..............               0.00                 0.00      12,842,000.00
None ..............        0.000000000          0.000000000     1000.000000000
G-II ..............               0.00                 0.00       1,834,000.00
None ..............        0.000000000          0.000000000     1000.000000000
H-II ..............               0.00                 0.00      12,842,000.00
None ..............        0.000000000          0.000000000     1000.000000000
J-II ..............               0.00                 0.00      20,179,000.00
None ..............        0.000000000          0.000000000     1000.000000000
K-II ..............               0.00                 0.00       5,504,000.00
None ..............        0.000000000          0.000000000     1000.000000000
L-II ..............               0.00                 0.00       7,338,000.00
None ..............        0.000000000          0.000000000     1000.000000000
M-II ..............               0.00                 0.00       9,172,000.00
None ..............        0.000000000          0.000000000     1000.000000000
N-II ..............               0.00                 0.00       5,504,000.00
None ..............        0.000000000          0.000000000     1000.000000000
O-II ..............               0.00                 0.00       3,669,000.00
None ..............        0.000000000          0.000000000     1000.000000000
P-II ..............               0.00                 0.00       9,172,915.00
None ..............        0.000000000          0.000000000     1000.000000000
RII ...............               0.00                 0.00               0.00
9ABSC602 ..........        0.000000000          0.000000000        0.000000000
- -------------------   ----------------     ----------------   ----------------
                                  0.00                 0.00     731,381,516.36
                      ================     ================   ================

Total P&I Payment                                                 5,376,949.99
                                                                  ============

                                    Page - 7
<PAGE>
<TABLE>
                              REMIC II, Continued
<CAPTION>
                           Interest           Interest            Pass-Through
Class                      Payment            Adjustment            Rate (2)
CUSIP                     Per $1,000         Per $1,000           Next Rate (3)
<S>                   <C>                  <C>                <C>
A-1-II ............         865,170.50                 0.00         7.88590443%
None ..............        6.480677903          0.000000000         7.63651355%
A-2-II ............       2,691,150.32                 0.00         7.88590443%
None ..............        6.571587031          0.000000000         7.63651355%
B-II ..............         217,000.38                 0.00         7.88590443%
None ..............        6.571587172          0.000000000         7.63651355%
C-II ..............         229,059.24                 0.00         7.88590443%
None ..............        6.571587101          0.000000000         7.63651355%
D-II ..............          72,333.46                 0.00         7.88590443%
None ..............        6.571587172          0.000000000         7.63651355%
E-II ..............         156,719.21                 0.00         7.88590443%
None ..............        6.571587135          0.000000000         7.63651355%
F-II ..............          84,392.32                 0.00         7.88590443%
None ..............        6.571586980          0.000000000         7.63651355%
G-II ..............          12,052.29                 0.00         7.88590443%
None ..............        6.571586696          0.000000000         7.63651355%
H-II ..............          84,392.32                 0.00         7.88590443%
None ..............        6.571586980          0.000000000         7.63651355%
J-II ..............         132,608.05                 0.00         7.88590443%
None ..............        6.571586798          0.000000000         7.63651355%
K-II ..............          36,170.01                 0.00         7.88590443%
None ..............        6.571586119          0.000000000         7.63651355%
L-II ..............          48,222.31                 0.00         7.88590443%
None ..............        6.571587626          0.000000000         7.63651355%
M-II ..............          60,274.60                 0.00         7.88590443%
None ..............        6.571587440          0.000000000         7.63651355%
N-II ..............          36,170.01                 0.00         7.88590443%
None ..............        6.571586119          0.000000000         7.63651355%
O-II ..............          24,111.15                 0.00         7.88590443%
None ..............        6.571586263          0.000000000         7.63651355%
P-II ..............          60,280.61                 0.00         7.88590443%
None ..............        6.571587113          0.000000000         7.63651355%
RII ...............               0.00                 0.00
9ABSC602 ..........        0.000000000          0.000000000
- -------------------   ----------------     ----------------   ----------------
                          4,810,106.78                 0.00
                      ================     ================   ================
<FN>
(2)  Interest Paid minus Interest Adjustment minus Deferred Interest equals
     Accrual.
(3)  Estimated
</FN>
</TABLE>

                                    Page - 8
<PAGE>
<TABLE>
                                     REMIC I
<CAPTION>
                          Original              Opening            Principal
Class                  Face Value (1)           Balance             Payment
CUSIP                    Per $1,000            Per $1,000         Per $1,000
<S>                   <C>                  <C>                <C>
Remic I Interest ..     733,801,915.00       731,955,121.34         573,604.98
None ..............     1000.000000000        997.483253147        0.781689129
RI ................              0.00N                 0.00               0.00
9ABSC601 ..........     1000.000000000          0.000000000        0.000000000
- -------------------   ----------------     ----------------   ----------------
                        733,801,915.00       731,955,121.34         573,604.98
                      ================     ================   ================
<FN>
(1) N denotes notional balance not included in total
</FN>
</TABLE>

                               REMIC I, Continued

                          Principal            Negative            Closing
Class                   Adj. or Loss         Amortization          Balance
CUSIP                    Per $1,000           Per $1,000         Per $1,000

Remic I Interest ..               0.00                 0.00     731,381,516.36
None ..............        0.000000000          0.000000000      996.701564018
RI ................               0.00                 0.00               0.00
9ABSC601 ..........        0.000000000          0.000000000        0.000000000
- -------------------   ----------------     ----------------   ----------------
                                  0.00                 0.00     731,381,516.36
                      ================     ================   ================

Total P&I Payment                                                 5,383,711.76
                                                                  ============

<TABLE>
                               REMIC I, Continued
<CAPTION>
                           Interest           Interest            Pass-Through
Class                      Payment            Adjustment            Rate (2)
CUSIP                     Per $1,000         Per $1,000           Next Rate (3)
<S>                   <C>                  <C>                <C>
Remic I Interest ..       4,810,106.78                 0.00         7.88590443%
None ..............        6.555048006          0.000000000         7.63651355%
RI ................               0.00                 0.00
9ABSC601 ..........        0.000000000          0.000000000
- -------------------   ----------------     ----------------   ----------------
                          4,810,106.78                 0.00               0.00
                      ================     ================   ================
<FN>
(2)  Interest Paid minus Interest Adjustment minus Deferred Interest equals
     Accrual.
(3)  Estimated
</FN>
</TABLE>

                                    Page - 9
<PAGE>
                           OTHER RELATED INFORMATION

<TABLE>
                               RATINGS INFORMATION
<CAPTION>
                                                               Ratings Change/Change Date (3)
                              Original Ratings (1) (2)      -----------------------------------
                            ----------------------------          DCR               Moody's
Class      CUSIP            DCR     Moody's  Fitch   S&P    ---------------     ---------------
<S>           <C>          <C>      <C>      <C>     <C>    <C>     <C>         <C>     <C>
A-1 ......    201728DZ2     AAA      Aaa      X       X         0    01/00/00       0    01/00/00
A-2 ......    201728EA6     AAA      Aaa      X       X         0    01/00/00       0    01/00/00
X ........    201728EG3     AAA      Aaa      X       X         0    01/00/00       0    01/00/00
B ........    201728EB4      AA      Aa2      X       X         0    01/00/00       0    01/00/00
C ........    201728EC2      A        A2      X       X         0    01/00/00       0    01/00/00
D ........    201728ED0      A-       A3      X       X         0    01/00/00       0    01/00/00
E ........    201728EE8     BBB      Baa2     X       X         0    01/00/00       0    01/00/00
F ........    201728EF5     BBB-     Baa3     X       X         0    01/00/00       0    01/00/00
G ........    201728EH1      NR       NR      X       X         0    01/00/00       0    01/00/00
H ........    201728EJ7      NR       NR      X       X         0    01/00/00       0    01/00/00
J ........    201728EK4      NR       NR      X       X         0    01/00/00       0    01/00/00
K ........    201728EL2      NR       NR      X       X         0    01/00/00       0    01/00/00
L ........    201728EM0      NR       NR      X       X         0    01/00/00       0    01/00/00
M ........    201728EN8      NR       NR      X       X         0    01/00/00       0    01/00/00
N ........    201728EP3      NR       NR      X       X         0    01/00/00       0    01/00/00
O ........    201728EQ1      NR       NR      X       X         0    01/00/00       0    01/00/00
P ........    201728ER9      NR       NR      X       X         0    01/00/00       0    01/00/00
<FN>
(1)  NR - Designates that the class was not rated by the rating agency
(2)  X - Designates that the rating agency did not rate any of the classes at the time of issuance
(3)  Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic
       transmission.  It shall be understood that this transmission will generally have been provided to LaSalle within 30 days
       of the payment date listed on this statement.  Because ratings may have changed during the 30 day window, or may not be
       being provided by the rating agency in an electronic format and therefore not being updated on this report, LaSalle
       recommends that investors obtain current rating information directly from the rating agency.
</FN>
</TABLE>

<TABLE>
                           OTHER RELATED INFORMATION
<CAPTION>
                      Accrued     Allocation of     Beginning      Payment of       Ending           Yield
                    Certificate  Prepay Interest     Unpaid       Prior Unpaid      Unpaid         Maintenance       Prepayment
Class                 Interest      Shortfall        Interest       Interest        Interest         Premium           Premiums
<S>                <C>             <C>             <C>             <C>             <C>             <C>              <C>
A-1 ......           744,937.73            0.00            0.00            0.00            0.00            0.00                0.00
A-2 ......         2,399,063.66            0.00            0.00            0.00            0.00            0.00                0.00
X ........           511,050.83            0.00            0.00            0.00            0.00            0.00                0.00
B ........           198,126.00            0.00            0.00            0.00            0.00            0.00                0.00
C ........           218,602.44            0.00            0.00            0.00            0.00            0.00                0.00
D ........            69,948.61            0.00            0.00            0.00            0.00            0.00                0.00
E ........           156,719.21            0.00            0.00            0.00            0.00            0.00                0.00
F ........            84,392.32            0.00            0.00            0.00            0.00            0.00                0.00
G ........            12,052.29            0.00            0.00            0.00            0.00            0.00                0.00
H ........            72,664.32            0.00            0.00            0.00            0.00            0.00                0.00
J ........           114,179.51            0.00            0.00            0.00            0.00            0.00                0.00
K ........            31,143.47            0.00            0.00            0.00            0.00            0.00                0.00
L ........            41,520.85            0.00            0.00            0.00            0.00            0.00                0.00
M ........            51,898.23            0.00            0.00            0.00            0.00            0.00                0.00
N ........            31,143.47            0.00            0.00            0.00            0.00            0.00                0.00
O ........            20,760.43            0.00            0.00            0.00            0.00            0.00                0.00
P ........            51,903.41            0.00          952.10            0.00          957.49            0.00                0.00
                   ------------    ------------    ------------    ------------    ------------    ------------        ------------
                   4,810,106.78            0.00          952.10            0.00          957.49            0.00                0.00
                   ============    ============    ============    ============    ============    ============        ============
</TABLE>

                                    Page - 10
<PAGE>
                                     LOSSES

       Prior Period              Current Period                  Total
 -----------------------    -----------------------    -----------------------
  Realized      Excess       Realized      Excess       Realized      Excess
   Losses       Losses        Losses       Losses        Losses       Losses

       0.00         0.00          0.00         0.00          0.00         0.00
 ==========   ==========    ==========   ==========    ==========   ==========

<TABLE>
                                    ADVANCES
<CAPTION>
                   Prior Outstanding            Current Period               Recovered                  Outstanding
                 Principal    Interest      Principal    Interest      Principal    Interest      Principal    Interest
<S>             <C>          <C>           <C>          <C>           <C>          <C>           <C>          <C>
Servicer ....    98,213.18   669,661.67    97,070.52   688,631.30    98,213.18   669,661.67    97,070.52   688,631.31
Trustee: ....         0.00         0.00         0.00         0.00         0.00         0.00         0.00         0.00
Fiscal Agent:         0.00         0.00         0.00         0.00         0.00         0.00         0.00         0.00
                ----------   ----------   ----------   ----------   ----------   ----------   ----------   ----------
                      0.00   669,661.67    97,070.52   688,631.30    98,213.18   669,661.67    97,070.52   688,631.31
                ==========   ==========   ==========   ==========   ==========   ==========   ==========   ==========
</TABLE>


Beginning Stated Principal Balance       731,955,122.06
  of the Mortgage Loans:

Ending Stated Principal Balance          731,381,517.08
  of the Mortgage Loans:


Principal Distribution Amount:              573,604.98

Prior Prepayments                                 0.00
Current Prepayments:                              0.00
Cumulative Prepayments:                           0.00

<TABLE>
                           SUMMARY OF REO PROPERTIES

No REO Properties as of The Most Recent Due Period
<CAPTION>
                                        Principal    Appraised   Date of Final     Amount       Aggregate Other
#        Property Name    Date of REO    Balance       Value       Recovery     of Proceeds      Rev. Collected
<S>       <C>             <C>          <C>          <C>           <C>           <C>             <C>

</TABLE>

                             SERVICING COMPENSATION

Current Period Master Servicing Fees Paid    61,346.64
Additional Master Servicing Compensation:         0.00
Current Period Special Servicing Fees Pai         0.00
Current Period Workout Fees Paid:                 0.00
Current Period Liquidation Fees Paid:             0.00
                                             ---------
                                             61,346.64
                                             =========

                        SUMMARY OF APPRAISAL REDUCTIONS

    Property                Principal    Appraisal     Appraisal     Date of
#     Name     Loan Number   Balance   Reduction Amt.    Date       Reduction

No Appraisal Reductions as of The Most Recent Due Period


                                    Page - 11
<PAGE>
                                  DELINQUENCIES

Dist.         Delinq 1 Month           Delinq 2 Months
Date         #           Balance     #           Balance
11/15/99    0                 0     0                 0
/ ......   0.000%         0.000%   0.000%         0.000%
10/15/99    0                 0    0.00               0
/ ......   0.000%         0.000%   0.000%         0.000%
09/15/99    0                 0    0.00               0
/ ......   0.000%         0.000%   0.000%         0.000%
08/16/99    0                 0    0.00               0
/ ......   0.000%         0.000%   0.000%         0.000%

<TABLE>
                            DELINQUENCIES, Continued
<CAPTION>
             Delinq 3+  Months   Foreclosure/Bankruptcy (1)      REO (1)              Modifications
             #        Balance        #         Balance       #         Balance      #         Balance
<S>        <C>      <C>            <C>      <C>            <C>      <C>            <C>      <C>
11/15/99    0                 0     0                 0     0                 0     0                 0
/ ......   0.000%         0.000%   0.000%         0.000%   0.000%         0.000%   0.000%         0.000%
10/15/99   0.00               0    0.00               0    0.00               0    0.00               0
/ ......   0.000%         0.000%   0.000%         0.000%   0.000%         0.000%   0.000%         0.000%
09/15/99   0.00               0    0.00               0    0.00               0    0.00               0
/ ......   0.000%         0.000%   0.000%         0.000%   0.000%         0.000%   0.000%         0.000%
08/16/99   0.00               0    0.00               0    0.00               0    0.00               0
/ ......   0.000%         0.000%   0.000%         0.000%   0.000%         0.000%   0.000%         0.000%
<FN>
(1)  Foreclosure and REO Totals are Included in the Appropriate Delinquency Aging Category
</FN>
</TABLE>

                            DELINQUENCIES, Continued

                Prepayments          Curr Weighted Avg.
            #         Balance      Coupon        Remit

11/15/99    0                 0    7.9895        7.8859%
/ ......   0.000%         0.000%   0.0000        0.0000%
10/15/99   0.00               0    7.7369        7.6365%
/ ......   0.000%         0.000%   0.0000        0.0000%
09/15/99   0.00               0    7.9895        7.8859%
/ ......   0.000%         0.000%   0.0000        0.0000%
08/16/99   0.00               0    7.9895        7.8859%
/ ......   0.000%         0.000%   0.0000        0.0000%


                                    Page - 12
<PAGE>
 <TABLE>
                             DELINQUENT LOAN DETAIL
<CAPTION>
Disc        Paid                     Outstanding    Out. Property  Special   Servicer
Doc         Thru       Current P&I       P&I         Protection    Advance   Transfer  Foreclosure Bankruptcy     REO
Control #   Date         Advance     Advances(1)      Advances    Desc. (2)   Date        Date        Date        Date
<S>        <C>         <C>           <C>            <C>              <C>  <C>         <C>          <C>         <C>
 55        10/01/99     27,206.53     27,206.53          0.00        A        --          --          --          --
 80        10/01/99     23,765.30     23,765.30          0.00        A        --          --          --          --
 52        10/01/99     32,500.49     32,500.49          0.00        A        --          --          --          --
 36        10/01/99     36,639.09     36,639.09          0.00        A        --          --          --          --
 34        10/01/99     36,009.06     36,009.06          0.00        A        --          --          --          --
 88        10/01/99     20,962.83     20,962.83          0.00        A        --          --          --          --
 35        10/01/99     45,089.73     45,089.73          0.00        A        --          --          --          --
 77        10/01/99     23,441.20     23,441.20          0.00        B        --          --          --          --
  2        10/01/99    167,646.30    167,646.30          0.00        A        --          --          --          --
 31        10/01/99     42,256.41     42,256.41          0.00        A        --          --          --          --
 99        10/01/99     17,602.59     17,602.59          0.00        A        --          --          --          --
123        10/01/99     16,424.66     16,424.66          0.00        B        --          --          --          --
 94        10/01/99     23,329.90     23,329.90          0.00        A        --          --          --          --
165        10/01/99     11,084.13     11,084.13          0.00        A        --          --          --          --
133        10/01/99     15,115.84     15,115.84          0.00        A        --          --          --          --
192        10/01/99      9,298.05      9,298.05          0.00        A        --          --          --          --
204        10/01/99      8,577.18      8,577.18          0.00        A        --          --          --          --
218        10/01/99      7,520.13      7,520.13          0.00        A        --          --          --          --
242        10/01/99      3,318.11      3,318.11          0.00        A        --          --          --          --
208        10/01/99      7,906.92      7,906.92          0.00        A        --          --          --          --
233        10/01/99      5,240.56      5,240.56          0.00        A        --          --          --          --
207        10/01/99      7,363.79      7,363.79          0.00        A        --          --          --          --
129        10/01/99     14,343.34     14,343.34          0.00        A        --          --          --          --
 73        10/01/99     29,284.87     29,284.87          0.00        A        --          --          --          --
 92        10/01/99     20,952.47     20,952.47          0.00        A        --          --          --          --
 59        10/01/99     29,332.31     29,332.31          0.00        A        --          --          --          --
 98        10/01/99     18,091.12     18,091.12          0.00        A        --          --          --          --
 56        10/01/99     30,841.69     30,841.69          0.00        A        --          --          --          --
 16        10/01/99     54,557.20     54,557.20          0.00        A        --          --          --          --
           --------    ----------    ----------    ----------    -----    --------    --------    --------    --------
Total                  785,701.80    785,701.80          0.00     --          --          --          --          --
                       ==========    ==========    ==========    =====    ========    ========    ========    ========
<FN>
(1)  A.  P&I Advance - Loan in Grace Period
     B.  P&I Advance - Late Payment but less one month delinq.
     1.  P&I Advance - Loan delinquent 1 month
     2.  P&I Advance - Loan delinquent 2 months
     3.  P&I Advance - Loan delinquent 3 months or more
     4.  Matured Balloon/Assumed Assumed Scheduled Payment
(2)  Outstanding P&I advances include the current period P&I Advance
</FN>
</TABLE>
                       DISTRIBUTION OF PRINCIPAL BALANCES
Scheduled                             Number       Scheduled         Based On
Balances                             of Loans      Balance            Balance
0 to 500,000 ..................         10         4,276,658.31        0.58%
500,000 to 1,000,000 ..........         31        25,993,068.55        3.55%
1,000,000 to 1,500,000 ........         37        45,356,458.35        6.20%
1,500,000 to 2,000,000 ........         40        70,072,439.99        9.58%
2,000,000 to 2,500,000 ........         26        58,080,438.53        7.94%
2,500,000 to 3,000,000 ........         17        47,370,025.58        6.48%
3,000,000 to 3,500,000 ........         13        42,825,144.61        5.86%
3,500,000 to 4,000,000 ........         11        42,285,600.94        5.78%
4,000,000 to 4,500,000 ........         10        41,911,957.37        5.73%
4,500,000 to 5,000,000 ........         15        71,431,819.01        9.77%
5,000,000 to 5,500,000 ........          7        37,358,524.60        5.11%
5,500,000 to 6,000,000 ........          3        17,073,164.63        2.33%
6,000,000 to 6,500,000 ........          4        25,106,318.38        3.43%
6,500,000 to 7,000,000 ........          3        20,529,793.75        2.81%
7,000,000 to 7,500,000 ........          2        14,857,632.62        2.03%
7,500,000 to 8,000,000 ........          2        15,319,363.62        2.09%
8,000,000 to 8,500,000 ........          2        16,498,350.20        2.26%
8,500,000 to 9,000,000 ........          1         8,670,197.37        1.19%
9,000,000 to 10,000,000 .......          2        19,426,049.99        2.66%
10,000,000 & Above ............          6       106,938,510.68       14.62%
- -------------------------------        ---       --------------      ------
Total .........................        242       731,381,517.08      100.00%
                                       ===       ==============      ======

Average Scheduled Balance is      3,022,238
Maximum  Scheduled Balance is    32,095,888
Minimum  Scheduled Balance is       359,694
                                 Page - 13
<PAGE>
                         DISTRIBUTION OF PROPERTY TYPES

                                     Number        Scheduled         Based on
Property Types                      of Loans        Balance          Balance
Multifamily ...................         93        238,015,211.2       32.54%
Retail ........................         57        196,073,880.8       26.81%
Office ........................         43        153,757,954.9       21.02%
Industrial ....................         25        88,476,791.95       12.10%
Other .........................          9        25,511,479.90        3.49%
Self Storage ..................          8        18,803,008.17        2.57%
Mobile Home ...................          6         8,976,545.15        1.23%
Mixed Use .....................          1         1,766,644.88        0.24%
                                       ---       --------------      ------
Total .........................        242        731,381,517.0      100.00%
                                       ===       ==============      ======

                            GEOGRAPHIC DISTRIBUTION

                                      Number       Scheduled         Based on
Geographic Location                 of Loans        Balance          Balance
New York ......................         16        103,504,731.0       14.15%
Texas .........................         39        93,548,500.05       12.79%
California ....................         26        76,752,891.25       10.49%
Pennsylvania ..................         13        54,541,746.71        7.46%
New Jersey ....................         17        50,754,681.44        6.94%
Florida .......................         16        41,992,427.19        5.74%
Illinois ......................          9        39,317,623.74        5.38%
Missouri ......................          7        23,010,856.56        3.15%
North Carolina ................          5        21,590,376.32        2.95%
Washington ....................          6        20,162,945.71        2.76%
Minnesota .....................          6        17,448,960.05        2.39%
Massachusetts .................          5        17,322,030.14        2.37%
Maryland ......................          5        12,742,878.57        1.74%
Ohio ..........................          6        11,822,453.65        1.62%
Nevada ........................          2        11,383,590.39        1.56%
Colorado ......................          6        10,651,336.87        1.46%
West Virginia .................          4        10,646,147.79        1.46%
Virginia ......................          4         9,703,127.01        1.33%
Oregon ........................          3         8,687,711.73        1.19%
Georgia .......................          4         7,989,402.56        1.09%
Oklahoma ......................          4         7,903,773.06        1.08%
Kentucky ......................          2         7,770,729.99        1.06%
Maine .........................          3         7,760,521.43        1.06%
New Mexico ....................          3         7,165,139.02        0.98%
Michigan ......................          3         6,528,641.97        0.89%
Virginia ......................          1         6,369,292.22        0.87%
Connecticut ...................          2         5,792,942.39        0.79%
New Hampshire .................          3         5,302,327.60        0.72%
Arizona .......................          3         5,158,097.13        0.71%
North Dakota ..................          1         4,974,343.73        0.68%
Other .........................         18        23,081,289.81        3.16%
                                       ---       --------------      ------
Total .........................        242        731,381,517.0      100.00%
                                       ===       ==============      ======

                                    Page - 14
<PAGE>
                     DISTRIBUTION OF MORTGAGE INTEREST RATES

Current Mortgage                   Number         Scheduled           Based on
Interest Rate                      of Loans       Balance             Balance

7.000% or less ................         10        31,958,845.18        4.37%
7.000% to 7.500% ..............         47       199,490,937.78       27.28%
7.500% to 8.000% ..............        114       334,308,392.99       45.71%
8.000% to 8.500% ..............         51       119,946,055.43       16.40%
8.500% to 9.000% ..............         16        35,995,015.00        4.92%
9.000% to 9.500% ..............          4         9,682,270.70        1.32%
9.500% to 10.000% .............          0                 0.00        0.00%
10.000% to 10.500% ............          0                 0.00        0.00%
10.500% to 11.000% ............          0                 0.00        0.00%
11.000% to 11.500% ............          0                 0.00        0.00%
11.500% to 12.000% ............          0                 0.00        0.00%
12.000% to 12.500% ............          0                 0.00        0.00%
12.500% to 13.000% ............          0                 0.00        0.00%
13.000% to 13.500% ............          0                 0.00        0.00%
13.500% & Above ...............          0                 0.00        0.00%
- -------------------------------        ---       --------------      ------
Total .........................        242       731,381,517.08      100.00%
                                       ===       ==============      ======


W/Avg Mortgage Interest Rate is                 7.7369%
Minimum Mortgage Interest Rate is               6.8100%
Maximum Mortgage Interest Rate is               9.1700%

                                 LOAN SEASONING

                                     Number        Scheduled         Based on
Number of Years                     of Loans        Balance           Balance

1 year or less ................          0                0.00         0.00%
1+ to 2 years .................          0                0.00         0.00%
2+ to 3 years .................          0                0.00         0.00%
3+ to 4 years .................          0                0.00         0.00%
4+ to 5 years .................          0                0.00         0.00%
5+ to 6 years .................          0                0.00         0.00%
6+ to 7 years .................          0                0.00         0.00%
7+ to 8 years .................          0                0.00         0.00%
8+ to 9 years .................          0                0.00         0.00%
9+ to 10 years ................          0                0.00         0.00%
10 years or more ..............          0                0.00         0.00%
- -------------------------------        ---       -------------       ------
Total .........................          0                0.00         0.00%
                                       ===       =============       ======

Weighted Average Seasoning is                    0.00%


                       DISTRIBUTION OF AMORTIZATION TYPE
                                      Number       Scheduled        Based on
Amortization Type                    of Loans       Balance          Balance
Amortizing Balance.............        242       731,381,517         100.00%
                                       ---       -----------         ------
Total .........................        242       731,381,517         100.00%
                                       ===       ===========         ======

                                    Page - 15
<PAGE>
                         DISTRIBUTION OF REMAINING TERM
                                 BALLOON LOANS

Balloon                              Number        Scheduled         Based on
Mortgage Loans                      of Loans        Balance          Balance

12 months or less .............          0                 0.00        0.00%
13 to 24 months ...............          0                 0.00        0.00%
25 to 36 months ...............          0                 0.00        0.00%
37 to 48 months ...............          1         1,931,170.81        0.26%
49 to 60 months ...............          1         5,403,593.68        0.74%
61 to 120 months ..............        192        514,817,285.6       70.39%
121 to 180 months .............         18        39,508,903.10        5.40%
181 to 240 months .............         30        169,720,563.8       23.21%
- -------------------------------        ---       --------------      ------
Total .........................        242        731,381,517.0      100.00%
                                       ===       ==============      ======

Weighted Average Months to Maturity is             163

                          DISTRIBUTION OF REMAINING TERM
                                FULLY AMORTIZING

Fully Amortizing                      Number        Scheduled      Based on
Mortgage Loans                       of Loans        Balance       Balance

60 months or less .............          0                 0.00        0.00%
61 to 120 months ..............          0                 0.00        0.00%
121 to 180 months .............          0                 0.00        0.00%
181 to 240 months .............          0                 0.00        0.00%
241 to 360 months .............          0                 0.00        0.00%
- -------------------------------        ---       --------------      ------
Total .........................          0                 0.00        0.00%
                                       ===       ==============      ======

Weighted Average Months to Maturity is   0

                                   NOI AGING

                                      Number          Scheduled     Based on
NOI Date                             of Loans          Balance       Balance

1 year or less ................        143        483,444,795.2       66.10%
1 to 2 years ..................          0                 0.00        0.00%
2 Years or More ...............          0                 0.00        0.00%
Unknown .......................          0                99.00        0.00%
                                       ---       --------------      ------
Total .........................        143        483,444,894.2       66.10%
                                       ===       ==============      ======

                                    Page - 16
<PAGE>
<TABLE>
                              DISTRIBUTION OF DSCR
<CAPTION>
Debt Service                         Number         Scheduled        Based on
Coverage Ratio (1)                  of Loans         Balance          Balance
<S>                                   <C>       <C>                  <C>
0.500 or less .................       1                 4,225,615.49                     0.58%
0.500 to 0.625 ................       3                10,450,985.44                     1.43%
0.625 to 0.750 ................       1                 2,250,564.88                     0.31%
0.750 to 0.875 ................       1                   819,720.09                     0.11%
0.875 to 1.000 ................       4                19,089,092.99                     2.61%
1.000 to 1.125 ................       5                18,489,037.43                     2.53%
1.125 to 1.250 ................       6                17,426,893.12                     2.38%
1.250 to 1.375 ................      10                26,019,732.76                     3.56%
1.375 to 1.500 ................      26                84,727,002.67                    11.58%
1.500 to 1.625 ................      23                89,814,370.46                    12.28%
1.625 to 1.750 ................      19                84,456,732.82                    11.55%
1.750 to 1.875 ................      16                58,375,897.49                     7.98%
1.875 to 2.000 ................      11                29,893,423.53                     4.09%
2.000 to 2.125 ................       4                 6,999,403.47                     0.96%
2.125 & above .................      11                22,054,540.06                     3.02%
Unknown .......................       0                       101.00                     0.00%
                                      -                       ------                     ----
Total .........................     141                475,093,113.70                   64.96%
                                    ===                ==============                   =====
<FN>
(1)  Debt Service Coverage Ratios are calculated as described in the prospectus,
     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.
</FN>
</TABLE>

Weighted Average Debt Service Coverage Ratio is       2.5803


                                    Page - 17
<PAGE>
<TABLE>
                                LOAN LEVEL DETAIL
<CAPTION>
                   Property                                Operating
Disc                 Type             Maturity             Statement
Ctrl#   Group        Code              Date      DSCR (1)     Date      State
<S>    <C>          <C>              <C>          <C>       <C>          <C>
  1    CMAC99C1     Office           10/01/08       1.64    12/31/98     NY
  2    CMAC99C1     Multifamily      04/01/09       1.52    12/31/98     PA
  3    CMAC99C1     Industrial       05/01/28       1.63    12/31/98     IL
  4    CMAC99C1     Office           05/01/26        1.9    12/31/98     NY
  5    CMAC99C1     Office           05/01/26       1.87    12/31/98     NY
  6    CMAC99C1     Industrial       07/01/09       1.55    12/31/98     IL
  7    CMAC99C1     Industrial       07/01/09       0.52    12/31/98     IL
  8    CMAC99C1     Industrial       07/01/09       1.54    12/31/98     IL
  9    CMAC99C1     Multifamily      05/01/29       --          --       NC
 10    CMAC99C1     Multifamily      03/01/09       1.46    12/31/98     TX
 11    CMAC99C1     Retail           01/01/29       --          --       NJ
 12    CMAC99C1     Multifamily      06/01/09       --          --       FL
 13    CMAC99C1     Multifamily      03/01/09       1.55    12/31/98     TX
 14    CMAC99C1     Retail           05/01/09       1.53    12/31/98     NY
 15    CMAC99C1     Retail           05/01/26       0.89    12/31/98     NY
 16    CMAC99C1     Office           04/01/09       1.03    12/31/98     MA
 17    CMAC99C1     Retail           06/01/29       1.38    12/31/98     FL
 18    CMAC99C1     Retail           06/01/29       1.45    12/31/98     MO
 19    CMAC99C1     Multifamily      05/01/09       --          --       WA
 20    CMAC99C1     Other            05/01/14       1.83    12/31/98     MN
 21    CMAC99C1     Retail           12/01/23       1.39    12/31/98     IL
 22    CMAC99C1     Retail           06/01/09        1.4    12/31/98     VI
 23    CMAC99C1     Multifamily      12/01/08        1.4    12/31/98     TX
 24    CMAC99C1     Industrial       07/01/09       --          --       CA
 25    CMAC99C1     Industrial       06/01/09       0.88    12/31/98     NV
 26    CMAC99C1     Retail           06/01/29       --          --       TX
 27    CMAC99C1     Retail           06/01/09       1.35    12/31/98     CA
 28    CMAC99C1     Industrial       10/01/26       --          --       FL
 29    CMAC99C1     Office           07/01/09       --          --       CA
 30    CMAC99C1     Industrial       05/01/09      1.830    12/31/98     CA
 31    CMAC99C1     Multifamily      02/01/09      1.560    12/31/98     PA
 32    CMAC99C1     Retail           07/01/04      1.350    12/31/98     NJ
 33    CMAC99C1     Retail           05/01/09      0.560    12/31/98     NV
 34    CMAC99C1     Office           11/01/28       --          --       MA
 35    CMAC99C1     Retail           06/01/15      1.570    12/31/98     PA
 36    CMAC99C1     Multifamily      06/01/24       --          --       ND
 37    CMAC99C1     Office           03/01/29      1.760    12/31/98     NY
 38    CMAC99C1     Industrial       04/01/09      1.510    12/31/98     VA
 39    CMAC99C1     Multifamily      02/01/09      1.430    12/31/98     TX
 40    CMAC99C1     Retail           07/01/09       --          --       OR
 41    CMAC99C1     Multifamily      06/01/29       --          --       NY
 42    CMAC99C1     Retail           01/01/09       --          --       WV
 43    CMAC99C1     Retail           06/01/18      1.230    12/31/98     MD
 44    CMAC99C1     Retail           01/01/09       --          --       OH
 45    CMAC99C1     Retail           06/01/09      1.750    12/31/98     MO
 46    CMAC99C1     Retail           06/01/14       --          --       TX
 47    CMAC99C1     Retail           05/01/09       --          --       NY
 48    CMAC99C1     Retail           03/01/09       --          --       CA
 49    CMAC99C1     Multifamily      02/01/09      1.450    12/31/98     TX
 50    CMAC99C1     Self Storage     01/01/14      1.810    12/31/98     NJ
 51    CMAC99C1     Other            06/01/24     106.180   12/31/98     KY
 52    CMAC99C1     Multifamily      06/01/09      1.870    2/28/99      CT
 53    CMAC99C1     Retail           04/01/24      0.010    12/31/98     CA
 54    CMAC99C1     Office           05/01/09      1.690    12/31/98     NY
 55    CMAC99C1     Office           09/01/28       --          --       WA
 56    CMAC99C1     Office           05/01/09      1.700    12/31/98     NC
 57    CMAC99C1     Retail           02/01/09      1.220    12/31/98     TX
 58    CMAC99C1     Multifamily      01/01/09       --          --       TX
<FN>
(1)  NOI and DSCR, if available and reportable under the terms of the trust
     agreement, are based on information obtained from the related borrower,
     and no other party to the agreement shall be held liable for the accuracy
     or methodology used to determine such figures.
</FN>
</TABLE>

                                    Page - 18
<PAGE>
<TABLE>
                          LOAN LEVEL DETAIL, Continued
<CAPTION>
                   Property                                Operating
Disc                 Type             Maturity             Statement
Ctrl#   Group        Code              Date      DSCR (1)     Date      State
<S>    <C>          <C>              <C>          <C>       <C>          <C>
 59    CMAC99C1     Industrial       03/01/09      --           --       CA
 60    CMAC99C1     Multifamily      02/01/09     1.800     12/31/98     PA
 61    CMAC99C1     Office           03/01/24      --       12/31/98     PA
 62    CMAC99C1     Office           02/01/09     1.110     12/31/98     NJ
 63    CMAC99C1     Multifamily      01/01/09      --           --       CO
 64    CMAC99C1     Industrial       06/01/09     1.060     02/28/99     NJ
 65    CMAC99C1     Industrial       04/01/24      --           --       CA
 66    CMAC99C1     Office           05/01/09      --           --       IL
 67    CMAC99C1     Office           05/01/09      --           --       IL
 68    CMAC99C1     Retail           05/01/29     1.640     12/31/98     NC
 69    CMAC99C1     Self Storage     03/01/09     1.410     12/31/98     NJ
 70    CMAC99C1     Office           04/01/09     1.000     12/31/98     NM
 71    CMAC99C1     Multifamily      12/01/08     2.570     12/31/98     WV
 72    CMAC99C1     Multifamily      05/01/09     1.360     12/31/98     CA
 73    CMAC99C1     Industrial       04/01/09      --           --       MN
 74    CMAC99C1     Multifamily      04/01/09      --           --       OH
 75    CMAC99C1     Other            06/01/24      --           --       KY
 76    CMAC99C1     Multifamily      05/01/09      --           --       NJ
 77    CMAC99C1     Multifamily      01/01/09      --           --       TX
 78    CMAC99C1     Retail           06/01/09      --           --       MI
 79    CMAC99C1     Multifamily      04/01/09      --           --       MO
 80    CMAC99C1     Industrial       05/01/09      --           --       FL
 81    CMAC99C1     Retail           04/01/09     1.400     12/31/98     ME
 82    CMAC99C1     Office           06/01/09      --           --       FL
 83    CMAC99C1     Office           05/01/09     1.230     12/31/98     NH
 84    CMAC99C1     Office           06/01/09     1.600     12/31/98     MD
 85    CMAC99C1     Multifamily      04/01/11     1.670     12/31/98     CA
 86    CMAC99C1     Office           08/01/28     1.490     12/31/98     MA
 87    CMAC99C1     Multifamily      01/01/09     1.590     12/31/98     CA
 88    CMAC99C1     Retail           01/01/09      --           --       PA
 89    CMAC99C1     Multifamily      02/01/09     1.880     12/31/98     TX
 90    CMAC99C1     Multifamily      04/01/09     1.570     12/31/98     WA
 91    CMAC99C1     Multifamily      04/01/09     1.760     12/31/98     ME
 92    CMAC99C1     Industrial       06/01/09     1.810     12/31/98     CA
 93    CMAC99C1     Other            06/01/14     2.640     12/31/98     MN
 94    CMAC99C1     Retail           06/01/09      --           --       NY
 95    CMAC99C1     Office           02/01/09     1.840     12/31/98     WA
 96    CMAC99C1     Retail           02/01/09      --           --       GA
 97    CMAC99C1     Retail           12/01/08     1.900     12/31/98     VT
 98    CMAC99C1     Retail           05/01/09      --           --       CA
 99    CMAC99C1     Multifamily      04/01/09     2.040     12/31/98     CA
100    CMAC99C1     Mobile Home      04/01/09     1.440     12/31/98     NJ
101    CMAC99C1     Multifamily      05/01/09     2.060     12/31/98     MO
102    CMAC99C1     Retail           12/01/08     2.430     12/31/98     FL
103    CMAC99C1     Office           04/01/09     1.790     12/31/98     CA
104    CMAC99C1     Self Storage     01/01/14     2.220     12/31/98     NJ
105    CMAC99C1     Multifamily      05/01/09     1.550     12/31/98     OK
106    CMAC99C1     Multifamily      06/01/09     1.680     12/31/98     TX
107    CMAC99C1     Industrial       12/01/08      --           --       CA
108    CMAC99C1     Industrial       12/01/08      --           --       CA
109    CMAC99C1     Multifamily      02/01/09     1.370     12/31/98     MO
110    CMAC99C1     Multifamily      05/01/09     0.750     12/31/98     TX
111    CMAC99C1     Retail           03/01/09      --           --       NJ
112    CMAC99C1     Multifamily      06/01/09     1.360     12/31/98     TX
113    CMAC99C1     Office           01/01/12      --           --       MN
114    CMAC99C1     Multifamily      01/01/09     1.750     12/31/98     OK
115    CMAC99C1     Retail           01/01/09     1.540     12/31/98     NJ
116    CMAC99C1     Industrial       12/01/08      --           --       MI
<FN>
(1)  NOI and DSCR, if available and reportable under the terms of the trust
     agreement, are based on information obtained from the related borrower,
     and no other party to the agreement shall be held liable for the accuracy
     or methodology used to determine such figures.
</FN>
</TABLE>

                                    Page - 19
<PAGE>
<TABLE>
                          LOAN LEVEL DETAIL, Continued
<CAPTION>
                   Property                                Operating
Disc                 Type             Maturity             Statement
Ctrl#   Group        Code              Date      DSCR (1)     Date      State
<S>    <C>          <C>              <C>          <C>       <C>          <C>
117    CMAC99C1     Retail           06/01/09      --           --       AZ
118    CMAC99C1     Multifamily      03/01/09     1.560     12/31/98     TX
119    CMAC99C1     Retail           07/01/09      --           --       CA
120    CMAC99C1     Retail           10/01/09      --           --       NC
121    CMAC99C1     Office           01/01/09     1.720     12/31/98     OR
122    CMAC99C1     Multifamily      06/01/09     1.360     12/31/98     NY
123    CMAC99C1     Retail           05/01/09      --           --       NJ
124    CMAC99C1     Multifamily      01/01/09     1.400     12/31/98     PA
125    CMAC99C1     Multifamily      07/01/08      --           --       GA
126    CMAC99C1     Office           05/01/09      --           --       MD
127    CMAC99C1     Retail           02/01/09      --           --       CA
128    CMAC99C1     Retail           06/01/09     1.550     12/31/98     CA
129    CMAC99C1     Multifamily      03/01/09      --           --       PA
130    CMAC99C1     Industrial       01/01/09      --           --       NJ
131    CMAC99C1     Self Storage     02/01/09     1.240     12/31/98     MS
132    CMAC99C1     Multifamily      10/01/08     1.460     12/31/98     WA
133    CMAC99C1     Multifamily      12/01/02     1.530     12/31/98     TX
134    CMAC99C1     Multifamily      12/01/08      --           --       GA
135    CMAC99C1     Retail           04/01/24      --           --       CA
136    CMAC99C1     Multifamily      11/01/08     1.740     12/31/98     LA
137    CMAC99C1     Multifamily      06/01/14     1.990     02/28/99     CA
138    CMAC99C1     Self Storage     06/01/09     1.570     12/31/98     OK
139    CMAC99C1     Retail           04/01/24      --           --       CA
140    CMAC99C1     Office           05/01/09     1.930     12/31/98     VA
141    CMAC99C1     Multifamily      04/01/09     1.230     12/31/98     TX
142    CMAC99C1     Other            05/01/09     22.990    12/31/98     SC
143    CMAC99C1     Retail           03/01/09      --           --       WI
144    CMAC99C1     Other            05/01/09     2.350     12/31/98     FL
145    CMAC99C1     Multifamily      01/01/09      --           --       CO
146    CMAC99C1     Office           11/01/08     1.280     12/31/98     ME
147    CMAC99C1     Office           04/01/09     1.550     12/31/98     VA
148    CMAC99C1     Mixed Use        05/01/09     1.440     12/31/98     NM
149    CMAC99C1     Self Storage     05/01/09     1.220     12/31/98     TX
150    CMAC99C1     Retail           11/01/13      --           --       TN
151    CMAC99C1     Multifamily      12/01/08      --           --       TX
152    CMAC99C1     Retail           06/01/09     2.440     12/31/98     NM
153    CMAC99C1     Other            03/01/09     2.210     12/31/98     MO
154    CMAC99C1     Multifamily      06/01/09     1.980     12/31/98     TX
155    CMAC99C1     Retail           04/01/09     1.470     12/31/98     OR
156    CMAC99C1     Mobile Home      06/01/09     1.370     12/31/98     IL
157    CMAC99C1     Retail           05/01/19      --           --       PA
158    CMAC99C1     Mobile Home      07/01/14     1.440     12/31/98     FL
159    CMAC99C1     Retail           12/01/08     2.440     12/31/98     AZ
160    CMAC99C1     Multifamily      04/01/11      --           --       CA
161    CMAC99C1     Multifamily      02/01/09     1.070     12/31/98     PA
162    CMAC99C1     Retail           11/01/08     1.970     12/31/98     MD
163    CMAC99C1     Office           03/01/09     1.780     12/31/98     CO
164    CMAC99C1     Other            03/01/09     1.000     12/31/98     KS
165    CMAC99C1     Multifamily      06/01/09     1.430     12/31/98     FL
166    CMAC99C1     Retail           05/01/09      --           --       FL
167    CMAC99C1     Multifamily      12/01/08     1.460     12/31/98     NY
168    CMAC99C1     Retail           05/01/09      --           --       ID
169    CMAC99C1     Office           11/01/13      --           --       WA
170    CMAC99C1     Industrial       06/01/09     1.080     12/31/98     CO
171    CMAC99C1     Industrial       04/01/09     1.660     12/31/98     CT
172    CMAC99C1     Multifamily      05/01/09     1.460     02/28/99     TX
173    CMAC99C1     Multifamily      05/01/09     1.440     02/28/99     TX
174    CMAC99C1     Retail           11/01/08      --           --       MD
175    CMAC99C1     Self Storage     06/01/09      --           --       CA
176    CMAC99C1     Retail           01/31/19      --           --       NY
177    CMAC99C1     Multifamily      01/01/09     1.910     12/31/98     OK
178    CMAC99C1     Multifamily      01/01/09      --           --       PA
179    CMAC99C1     Self Storage     05/01/09     1.630     12/31/98     AZ
<FN>
(1)  NOI and DSCR, if available and reportable under the terms of the trust
     agreement, are based on information obtained from the related borrower,
     and no other party to the agreement shall be held liable for the accuracy
     or methodology used to determine such figures.
</FN>
</TABLE>

                                   Page - 20
<PAGE>
<TABLE>
                          LOAN LEVEL DETAIL, Continued
<CAPTION>
                   Property                                Operating
Disc                 Type             Maturity             Statement
Ctrl#   Group        Code              Date      DSCR (1)     Date      State
<S>    <C>          <C>              <C>          <C>       <C>          <C>
180    CMAC99C1     Multifamily      04/01/09     1.820     12/31/98     LA
181    CMAC99C1     Multifamily      11/01/08      --           --       GA
182    CMAC99C1     Retail           05/01/14     1.980     12/31/98     NY
183    CMAC99C1     Multifamily      12/01/08     1.610     12/31/98     WV
184    CMAC99C1     Multifamily      05/01/09     1.430     01/31/99     MO
185    CMAC99C1     Other            04/01/09     2.370     12/31/98     KS
186    CMAC99C1     Multifamily      07/01/08      --           --       OH
187    CMAC99C1     Office           05/01/09     1.650     12/31/98     UT
188    CMAC99C1     Office           03/01/09     0.520     12/31/98     NH
189    CMAC99C1     Mobile Home      12/01/08      --           --       NJ
190    CMAC99C1     Retail           12/01/08      --           --       TX
191    CMAC99C1     Retail           05/01/09      --           --       TX
192    CMAC99C1     Mobile Home      01/01/09      --           --       NC
193    CMAC99C1     Multifamily      11/01/08      --           --       TX
194    CMAC99C1     Office           05/01/09     1.620     12/31/98     VA
195    CMAC99C1     Multifamily      06/01/09      --           --       TX
196    CMAC99C1     Office           11/01/08     2.000     12/31/98     DC
197    CMAC99C1     Office           11/01/08     1.550     12/31/98     DC
198    CMAC99C1     Office           11/01/08     1.980     12/31/98     DC
199    CMAC99C1     Multifamily      06/01/09      --           --       TX
200    CMAC99C1     Multifamily      07/01/08      --           --       WV
201    CMAC99C1     Office           12/01/08     1.750     12/31/98     MN
202    CMAC99C1     Industrial       03/01/09     1.740     03/31/99     MI
203    CMAC99C1     Multifamily      10/01/08      --           --       MA
204    CMAC99C1     Industrial       01/01/09     2.100     12/31/98     NY
205    CMAC99C1     Multifamily      07/01/08     1.790     12/31/98     OH
206    CMAC99C1     Multifamily      05/01/09     1.480     12/31/98     TX
207    CMAC99C1     Multifamily      06/01/09      --           --       DC
208    CMAC99C1     Multifamily      04/01/14     1.540     12/31/98     FL
209    CMAC99C1     Multifamily      05/01/09     1.770     12/31/98     MN
210    CMAC99C1     Multifamily      05/01/09     1.540     12/31/98     FL
211    CMAC99C1     Multifamily      03/01/09     1.490     12/31/98     NJ
212    CMAC99C1     Office           11/01/13     3.640     12/31/98     TX
213    CMAC99C1     Office           05/01/09     1.740     12/31/98     CO
214    CMAC99C1     Retail           05/01/09     1.750     12/31/98     FL
215    CMAC99C1     Office           04/01/09      --           --       TX
216    CMAC99C1     Multifamily      10/01/08      --           --       TX
217    CMAC99C1     Office           05/01/09     1.430     12/31/98     NH
218    CMAC99C1     Multifamily      12/01/08      --           --       FL
219    CMAC99C1     Multifamily      05/01/09     1.320     12/31/98     CO
220    CMAC99C1     Multifamily      01/01/09      --           --       TX
221    CMAC99C1     Multifamily      12/01/08      --           --       LA
222    CMAC99C1     Office           12/01/08     2.060     12/31/98     IL
223    CMAC99C1     Multifamily      04/01/09      --           --       PA
224    CMAC99C1     Multifamily      06/01/09      --           --       TX
225    CMAC99C1     Office           12/01/08     1.420     12/31/98     PA
226    CMAC99C1     Mobile Home      04/01/09     0.760     12/31/98     IA
227    CMAC99C1     Multifamily      01/01/09      --           --       TX
228    CMAC99C1     Multifamily      07/01/08      --           --       OH
229    CMAC99C1     Retail           07/01/14      --           --       TX
230    CMAC99C1     Office           11/01/08      --           --       NY
231    CMAC99C1     Multifamily      11/01/08      --           --       TX
232    CMAC99C1     Industrial       03/01/09     1.630     12/31/98     FL
233    CMAC99C1     Multifamily      03/01/09      --           --       OH
234    CMAC99C1     Multifamily      01/01/09      --           --       LA
235    CMAC99C1     Multifamily      05/01/09     1.340     12/31/98     TX
236    CMAC99C1     Multifamily      02/01/08      --           --       TX
237    CMAC99C1     Multifamily      09/01/08      --           --       MA
238    CMAC99C1     Industrial       12/01/13     1.800     12/31/98     NJ
239    CMAC99C1     Multifamily      08/01/08      --           --       NJ
240    CMAC99C1     Multifamily      07/01/13      --           --       CA
241    CMAC99C1     Multifamily      06/01/18      --           --       FL
242    CMAC99C1     Multifamily      07/01/08      --           --       TX
<FN>
(1)  NOI and DSCR, if available and reportable under the terms of the trust
     agreement, are based on information obtained from the related borrower,
     and no other party to the agreement shall be held liable for the accuracy
     or methodology used to determine such figures.
</FN>
</TABLE>
                                   Page - 21
<PAGE>
<TABLE>
                          LOAN LEVEL DETAIL, Continued
<CAPTION>
            Ending                                                     Loan
Disc       Principal       Note      Scheduled            Prepayment  Status
Ctrl#       Balance        Rate         P&I     Prepayment  Date      Code (1)
<S>      <C>              <C>       <C>           <C>      <C>          <C>
  1        32,095,888      7.20%      219,927        0         --       --
  2        22,830,780      7.45%      169,221        0         --       A
  3        15,351,637      7.17%      105,277        0         --       --
  4        14,000,000      7.87%       94,877        0         --       --
  5        12,200,000      7.87%       82,679        0         --       --
  6         4,841,077      8.32%       36,675        0         --       --
  7         3,992,641      8.32%       30,248        0         --       --
  8         2,185,971      8.32%       16,561        0         --       --
  9        10,460,205      7.39%       72,628        0         --       --
 10         9,996,103      7.24%       68,491        0         --       --
 11         9,429,947      7.55%       66,751        0         --       --
 12         8,670,197      7.15%       58,760        0         --       --
 13         8,375,829      6.99%       55,989        0         --       --
 14         8,122,521      7.81%       58,726        0         --       --
 15         7,750,000      7.87%       52,521        0         --       --
 16         7,569,364      7.87%       55,079        0         --       A
 17         7,477,867      7.72%       53,550        0         --       --
 18         7,379,765      7.99%       54,247        0         --       --
 19         6,989,025      6.81%       45,812        0         --       --
 20         6,915,765      8.53%       56,104        0         --       --
 21         6,625,004      7.82%       50,915        0         --       --
 22         6,369,292      7.85%       48,762        0         --       --
 23         6,344,529      6.81%       41,766        0         --       --
 24         6,276,744      7.85%       48,000        0         --       --
 25         6,115,753      7.89%       44,532        0         --       --
 26         5,982,294      7.72%       42,840        0         --       --
 27         5,570,001      8.01%       43,228        0         --       --
 28         5,520,870      7.86%       41,121        0         --       --
 29         5,489,106      8.09%       40,703        0         --       --
 30         5,459,849      7.63%       42,332        0         --       --
 31         5,450,631      8.05%       42,632        0         --       A
 32         5,403,594      8.83%       43,584        0         --       --
 33         5,267,837      7.94%       38,559        0         --       --
 34         5,254,826      7.31%       36,371        0         --       A
 35         5,032,681      7.42%       45,437        0         --       A
 36         4,974,344      7.51%       36,982        0         --       A
 37         4,979,845      8.27%       37,634        0         --       --
 38         4,967,481      8.08%       38,856        0         --       --
 39         4,965,985      7.25%       34,109        0         --       --
 40         4,880,737      8.23%       36,668        0         --       --
 41         4,786,047      7.77%       34,454        0         --       --
 42         4,721,146      7.96%       34,721        0         --       --
 43         4,692,322      7.46%       38,953        0         --       --
 44         4,668,684      7.58%       33,121        0         --       --
 45         4,638,336      8.29%       35,065        0         --       --
 46         4,584,644      7.94%       44,277        0         --       --
 47         4,586,400      8.26%       34,574        0         --       --
 48         4,577,428      7.58%       32,400        0         --       --
 49         4,567,342      7.05%       30,759        0         --       --
 50         4,367,223      7.77%       42,409        0         --       --
 51         4,383,489      9.02%       36,985        0         --       --
 52         4,377,816      7.60%       32,802        0         --       A
 53         4,225,615      8.69%       34,768        0         --       --
 54         4,222,714      7.81%       30,530        0         --       --
<FN>
(1)  Legend:
     A.   P&I Adv - in Grace Period
     B.   P&I Adv - less one month delinquent
     1.   P&I Adv - delinquent one month
     2.   P&I Adv - delinquent two 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
     9.   REO
     10.  DPO
     11.  Modification
</FN>
</TABLE>

                                   Page - 22
<PAGE>
<TABLE>
                          LOAN LEVEL DETAIL, Continued
<CAPTION>
            Ending                                                     Loan
Disc       Principal       Note      Scheduled            Prepayment  Status
Ctrl#       Balance        Rate         P&I     Prepayment  Date      Code (1)
<S>      <C>              <C>       <C>           <C>      <C>          <C>
 55         4,153,281      6.84%       27,493        0         --       A
 56         4,093,155      7.76%       31,124        0         --       A
 57         4,047,957      7.22%       27,716        0         --       --
 58         4,024,099      7.75%       29,015        0         --       --
 59      4,016,607.69     7.510%       29,955        0         --       A
 60      3,973,455.01     7.220%       27,206        0         --       --
 61      3,968,293.87     7.710%       30,108        0         --       --
 62      3,961,025.67     7.590%       29,794        0         --       --
 63      3,954,478.96     7.250%       28,912        0         --       --
 64      3,889,663.73     8.100%       28,889        0         --       --
 65      3,826,147.84     8.320%       30,536        0         --       --
 66      2,954,621.99     8.450%       25,776        0         --       --
 67        827,829.85     8.450%        6,671        0         --       --
 68      3,727,712.57     7.900%       27,183        0         --       --
 69      3,720,862.00     7.810%       28,473        0         --       --
 70      3,697,621.86     7.770%       26,652        0         --       --
 71      3,573,698.23     7.530%       25,246        0         --       --
 72      3,497,019.60     7.480%       24,494        0         --       --
 73      3,462,086.46     8.250%       29,822        0         --       A
 74      3,444,965.86     7.590%       24,406        0         --       --
 75      3,387,241.27     9.020%       28,579        0         --       --
 76      3,337,440.86     7.430%       23,263        0         --       --
 77      3,318,379.12     7.700%       23,813        0         --       B
 78      3,280,006.49     7.990%       24,111        0         --       --
 79      3,256,824.94     7.660%       24,581        0         --       --
 80      3,234,721.79     7.760%       23,988        0         --       A
 81      3,203,174.23     7.880%       24,635        0         --       --
 82      3,185,580.33     8.160%       25,038        0         --       --
 83      3,181,989.12     7.900%       24,487        0         --       --
 84      3,035,714.54     7.970%       23,480        0         --       --
 85      2,986,964.66     7.590%       21,162        0         --       --
 86      2,969,490.61     7.480%       20,935        0         --       --
 87      2,928,353.38     7.170%       19,964        0         --       --
 88      2,921,424.99     7.800%       21,164        0         --       A
 89      2,880,273.38     7.110%       19,508        0         --       --
 90      2,877,541.72     7.620%       20,445        0         --       --
 91      2,780,254.83     7.670%       21,002        0         --       --
 92      2,761,685.30     7.850%       21,143        0         --       A
 93      2,754,229.86     8.850%       22,920        0         --       --
 94      2,729,117.26     8.300%       23,518        0         --       A
 95      2,702,594.80     7.420%       20,033        0         --       --
 96      2,693,890.68     7.700%       19,321        0         --       --
 97      2,665,823.80     7.640%       20,199        0         --       --
 98      2,620,486.00     7.560%       18,498        0         --       A
 99      2,612,322.09     7.180%       17,783        0         --       A
100      2,530,950.23     7.370%       18,629        0         --       --
101      2,485,549.65     7.770%       18,916        0         --       --
102      2,469,541.98     7.360%       18,248        0         --       --
103      2,458,414.86     7.930%       18,988        0         --       --
104      2,426,234.99     7.770%       23,561        0         --       --
105      2,445,722.89     7.750%       18,581        0         --       --
106      2,430,834.85     7.990%       17,869        0         --       --
107      1,372,832.27     7.950%       10,667        0         --       --
108        906,979.27     7.950%        7,047        0         --       --
<FN>
(1)  Legend:
     A.   P&I Adv - in Grace Period
     B.   P&I Adv - less one month delinquent
     1.   P&I Adv - delinquent one month
     2.   P&I Adv - delinquent two 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
     9.   REO
     10.  DPO
     11.  Modification
</FN>
</TABLE>

                                   Page - 23
<PAGE>
<TABLE>
                          LOAN LEVEL DETAIL, Continued
<CAPTION>
            Ending                                                     Loan
Disc       Principal       Note      Scheduled            Prepayment  Status
Ctrl#       Balance        Rate         P&I     Prepayment  Date      Code (1)
<S>      <C>              <C>       <C>           <C>      <C>          <C>
109      2,277,431.43     7.550%       17,072        0         --       --
110      2,250,564.88     7.640%       16,937        0         --       --
111      2,240,771.07     8.610%       18,285        0         --       --
112      2,239,461.55     7.970%       17,321        0         --       --
113      2,235,575.44     7.740%       16,104        0         --       --
114      2,231,411.28     7.410%       15,573        0         --       --
115      2,227,431.59     7.950%       17,291        0         --       --
116      2,206,974.92     7.100%       14,953        0         --       --
117      2,194,185.94     8.110%       16,312        0         --       --
118      2,188,627.02     7.380%       15,202        0         --       --
119      2,172,431.58     8.135%       17,021        0         --       --
120      2,169,415.35     8.210%       16,279        0         --       --
121      2,132,671.86     7.960%       16,570        0         --       --
122      2,120,401.94     8.160%       16,666        0         --       --
123      2,113,573.89     8.120%       16,570        0         --       B
124      2,076,894.93     7.440%       15,437        0         --       --
125      2,074,617.88     7.000%       13,971        0         --       --
126      2,018,576.23     8.020%       14,887        0         --       --
127      2,007,149.46     8.150%       15,831        0         --       --
128      1,990,480.41     7.890%       15,291        0         --       --
129      1,990,926.94     7.860%       14,481        0         --       A
130      1,978,152.03     7.480%       14,754        0         --       --
131      1,967,611.54     7.430%       16,026        0         --       --
132      1,961,193.58     7.150%       13,373        0         --       --
133      1,931,170.81     8.625%       15,245        0         --       A
134      1,905,765.33     7.470%       13,386        0         --       --
135      1,888,228.86     8.320%       15,070        0         --       --
136      1,872,950.63     7.030%       13,465        0         --       --
137      1,848,492.94     7.880%       17,789        0         --       --
138      1,841,850.38     8.270%       14,611        0         --       --
139      1,838,538.57     8.320%       14,673        0         --       --
140      1,829,450.91     7.810%       13,971        0         --       --
141      1,794,024.85     7.520%       12,625        0         --       --
142      1,791,996.82     8.990%       15,093        0         --       --
143      1,792,505.59     8.160%       13,409        0         --       --
144      1,785,077.78     8.880%       16,056        0         --       --
145      1,784,458.66     7.250%       13,047        0         --       --
146      1,777,092.37     7.660%       13,490        0         --       --
147      1,774,719.06     7.720%       13,464        0         --       --
148      1,766,644.88     7.730%       13,399        0         --       --
149      1,742,988.06     7.850%       14,557        0         --       --
150      1,735,335.74     7.120%       12,574        0         --       --
151      1,731,375.11     8.090%       13,611        0         --       --
152      1,700,872.28     7.990%       16,475        0         --       --
153      1,714,568.94     9.000%       14,476        0         --       --
154      1,697,540.59     8.140%       12,655        0         --       --
155      1,674,302.98     8.200%       13,229        0         --       --
156      1,667,606.04     8.260%       13,218        0         --       --
157      1,641,038.78     8.090%       13,949        0         --       --
158      1,634,594.33     8.370%       13,062        0         --       --
159      1,621,556.54     8.090%       12,748        0         --       --
160      1,592,637.78     7.370%       11,045        0         --       --
161      1,590,014.99     7.490%       11,176        0         --       --
162      1,585,431.42     7.030%       10,677        0         --       --
<FN>
(1)  Legend:
     A.   P&I Adv - in Grace Period
     B.   P&I Adv - less one month delinquent
     1.   P&I Adv - delinquent one month
     2.   P&I Adv - delinquent two 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
     9.   REO
     10.  DPO
     11.  Modification
</FN>
</TABLE>
                                   Page - 24
<PAGE>
<TABLE>
                          LOAN LEVEL DETAIL, Continued
<CAPTION>
            Ending                                                     Loan
Disc       Principal       Note      Scheduled            Prepayment  Status
Ctrl#       Balance        Rate         P&I     Prepayment  Date      Code (1)
<S>      <C>              <C>       <C>           <C>      <C>          <C>
163      1,552,741.04     8.170%       11,626        0         --       --
164      1,525,717.94     9.000%       12,882        0         --       --
165      1,525,786.78     7.965%       11,189        0         --       A
166      1,524,914.86     7.860%       11,078        0         --       --
167      1,502,082.85     6.960%       10,718        0         --       --
168      1,490,118.32     7.110%       10,707        0         --       --
169      1,479,309.87     7.210%       10,803        0         --       --
170      1,478,969.42     7.920%       11,391        0         --       --
171      1,415,125.95     7.760%       10,773        0         --       --
172        967,048.06     7.840%        7,404        0         --       --
173        447,435.85     7.840%        3,426        0         --       --
174      1,410,834.21     6.950%       10,072        0         --       --
175      1,393,883.65     8.310%       11,094        0         --       --
176      1,386,369.63     7.800%       11,537        0         --       --
177      1,384,788.51     7.510%       10,355        0         --       --
178      1,376,032.00     7.940%       10,673        0         --       --
179      1,342,354.65     7.870%       10,304        0         --       --
180      1,340,700.39     7.790%       10,232        0         --       --
181      1,315,128.67     7.450%        9,219        0         --       --
182      1,267,452.18     8.010%       12,326        0         --       --
183      1,259,728.60     7.530%        8,899        0         --       --
184      1,258,380.36     7.520%        8,848        0         --       --
185      1,253,394.03     9.110%       10,669        0         --       --
186      1,227,539.33     7.625%        9,347        0         --       --
187      1,227,948.38     7.830%        9,393        0         --       --
188      1,190,507.04     7.720%        9,040        0         --       --
189      1,183,785.94     8.550%       10,100        0         --       --
190      1,175,330.84     7.075%        9,358        0         --       --
191      1,143,692.57     8.025%        8,895        0         --       --
192      1,139,888.52     8.650%        9,377        0         --       A
193      1,133,685.15     7.050%        8,165        0         --       --
194      1,131,475.62     7.810%        8,641        0         --       --
195      1,133,331.30     8.510%        8,743        0         --       --
196        374,475.93     6.910%        2,664        0         --       --
197        374,475.93     6.910%        2,664        0         --       --
198        359,693.87     6.910%        2,559        0         --       --
199      1,094,615.85     7.750%        8,309        0         --       --
200      1,091,575.44     7.625%        7,821        0         --       --
201        1,086,851.44   7.465%        8,104        0         --       --
202        1,041,660.56   7.700%        7,897        0         --       --
203        1,035,351.98   7.560%        7,800        0         --       --
204        1,030,296.89   8.900%        8,648        0         --       A
205        1,026,383.66   7.625%        7,815        0         --       --
206        1,018,794.20   7.540%        7,601        0         --       --
207        1,012,216.75   7.980%        7,434        0         --       A
208        1,006,124.18   8.240%        7,976        0         --       A
209          994,452.31   7.970%        7,698        0         --       --
210          993,981.80   7.570%        7,436        0         --       --
211          992,214.35   7.800%        7,586        0         --       --
212          963,368.61   7.450%        9,242        0         --       --
213          955,445.30   7.770%        7,271        0         --       --
214          944,923.96   8.150%        7,427        0         --       --
215          944,126.44   8.330%        7,541        0         --       --
216          932,870.09   7.875%        7,294        0         --       --
<FN>
(1)  Legend:
     A.   P&I Adv - in Grace Period
     B.   P&I Adv - less one month delinquent
     1.   P&I Adv - delinquent one month
     2.   P&I Adv - delinquent two 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
     9.   REO
     10.  DPO
     11.  Modification
</FN>
</TABLE>

                                   Page - 25
<PAGE>
<TABLE>
                          LOAN LEVEL DETAIL, Continued
<CAPTION>
            Ending                                                     Loan
Disc       Principal       Note      Scheduled            Prepayment  Status
Ctrl#       Balance        Rate         P&I     Prepayment  Date      Code (1)
<S>      <C>              <C>       <C>           <C>      <C>          <C>
217          929,831.44   7.780%        7,726        0         --       --
218          932,635.57   8.500%        7,584        0         --       A
219          925,243.49   7.700%        6,999        0         --       --
220          919,012.09   7.700%        6,595        0         --       --
221          883,676.53   7.150%        6,412        0         --       --
222          871,234.84   7.350%        6,432        0         --       --
223          868,140.95   7.790%        6,634      551         --       --
224          829,098.44   7.970%        6,413        0         --       --
225          821,431.83   8.250%        6,544        0         --       --
226          819,720.09   8.160%        6,455        0         --       --
227          819,576.00   8.200%        6,497        0         --       --
228          802,904.91   7.625%        6,113        0         --       --
229          791,742.86   8.630%        7,939        0         --       --
230          725,595.10   7.630%        5,494        0         --       --
231          671,486.43   7.750%        5,136        0         --       --
232          658,146.68   9.170%        5,633        0         --       --
233          651,975.42   8.500%        5,286        0         --       A
234          592,927.53   7.050%        4,260        0         --       --
235          541,881.79   7.820%        4,142        0         --       --
236          513,566.52   8.000%        4,052        0         --       --
237          492,997.59   8.000%        3,859        0         --       --
238          484,717.21   8.410%        4,897        0         --       --
239          467,094.42   8.125%        3,698        0         --       --
240          434,491.45   7.625%        3,302        0         --       --
241          427,462.56   8.625%        3,845        0         --       --
242          413,813.50   8.375%        3,347        0         --       A
- ---      --------------   -----     ---------     ----     --------     ---
         731,381,517.08    --            --        551         --       --
         ==============   =====     =========     ====     ========     ===
<FN>
(1)  Legend:
     A.   P&I Adv - in Grace Period
     B.   P&I Adv - less one month delinquent
     1.   P&I Adv - delinquent one month
     2.   P&I Adv - delinquent two 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
     9.   REO
     10.  DPO
     11.  Modification
</FN>
</TABLE>

                                   Page - 26
<PAGE>
<TABLE>
                         SPECIALLY SERVICED LOAN DETAIL
<CAPTION>
                                                         Specially
              Beginning                                  Serviced
Disclosure    Schedule   Interest   Maturity  Property   Status
Control #      Balance     Rate      Date       Type     Code (1)     Comments
<S>         <C>           <C>      <C>        <C>        <C>          <C>


<FN>
(1)  Legend :
     1)  Request for waiver of Prepayment Penalty
     2)   Payment default
     3)   Request for Loan Modification or Workout
     4)  Loan with Borrower Bankruptcy
     5)  Loan in Process of Foreclosure
     6)  Loan now REO Property
     7)  Loans Paid Off
     8)  Loans Returned to Master Servicer
</FN>
</TABLE>


                              MODIFIED LOAN DETAIL

Disclosure   Modification      Modification
Control #       Date           Description




                              REALIZED LOSS DETAIL


                                         Beginning            Gross Proceeds
Dist.  Disclosure  Appraisal  Appraisal  Scheduled   Gross      as a % of
Date   Control #     Date       Value     Balance   Proceeds  Sched Principal



Current Total
Cumulative


<TABLE>
                         REALIZED LOSS DETAIL, Continued
<CAPTION>
         Aggregate       Net        Net Proceeds
Dist.   Liquidation   Liquidation    as a % of      Realized
Date    Expenses (1)   Proceeds     Sched. Balance    Loss
<S>     <C>           <C>           <C>             <C>


Current Total
Cumulative
<FN>
(1)  Aggregate liquidation expenses also include outstanding P&I advances and
     unpaid servicing fees, unpaid trustee fees, etc..
</FN>
</TABLE>

                                   Page - 27

                 MIDLAND LOAN SERVICES, L.P. - Master Servicer
                  Loan Portfolio Analysis System - Loan Status
                    PORTFOLIO: COMM MTGE ACCEPT CORP 1999 C1
                        REPORTING PERIOD: November, 1999
                            DATE PRINTED: 16-Nov-99
<TABLE>
<CAPTION>
               CURRENT
               PRINCIPAL      DAYS                      ENVIRON
ASSET NO       BALANCE       DELINQ     LTV      DSCR    ISSUES      ASSET STATUS                  RESOLUTION TYPE
<S>        <C>                <C>      <C>       <C>      <C>        <C>                           <C>
001           32,095,888       0        68.0%    1.64     N/A        PERFORMING                    PERFORM TO MATURITY
002           22,853,390       7        76.2%    1.52     N/A        PERFORMING                    PERFORM TO MATURITY
003           15,351,637       0        80.4%    1.70     N/A        PERFORMING                    PERFORM TO MATURITY
004           14,000,000       0        70.0%    1.84     N/A        PERFORMING                    PERFORM TO MATURITY
005           12,200,000       0        67.8%    1.81     N/A        PERFORMING                    PERFORM TO MATURITY
006            4,841,077       0        72.3%    1.55     N/A        PERFORMING                    PERFORM TO MATURITY
007            3,992,641       0        71.3%    0.52     N/A        PERFORMING                    PERFORM TO MATURITY
008            2,185,971       0        78.1%    1.54     N/A        PERFORMING                    PERFORM TO MATURITY
009           10,460,205       0        75.7%    1.34     N/A        PERFORMING                    PERFORM TO MATURITY
010            9,996,103       0        79.3%    1.46     N/A        PERFORMING                    PERFORM TO MATURITY
011            9,429,947       0        78.6%    1.37     N/A        PERFORMING                    PERFORM TO MATURITY
012            8,670,197       0        79.6%    1.03     N/A        PERFORMING                    PERFORM TO MATURITY
013            8,375,829       0        79.4%    1.55     N/A        PERFORMING                    PERFORM TO MATURITY
014            8,122,521       0        67.7%    1.53     N/A        PERFORMING                    PERFORM TO MATURITY
015            7,750,000       0        70.5%    0.86     N/A        PERFORMING                    PERFORM TO MATURITY
016            7,573,120       7        69.2%    1.03     N/A        PERFORMING                    PERFORM TO MATURITY
017            7,477,867       0        74.8%    1.38     N/A        PERFORMING                    PERFORM TO MATURITY
018            7,379,765       0        71.0%    1.45     N/A        PERFORMING                    PERFORM TO MATURITY
019            6,989,025       0        79.4%    1.41     N/A        PERFORMING                    PERFORM TO MATURITY
020            6,915,765       0        70.4%    1.81     N/A        PERFORMING                    ORIGINATION
021            6,625,004       0        77.9%    1.39     N/A        PERFORMING                    PERFORM TO MATURITY
022            6,369,292       0        72.8%    1.42     N/A        PERFORMING                    PERFORM TO MATURITY
023            6,344,529       0        79.2%    1.40     N/A        PERFORMING                    PERFORM TO MATURITY
024            6,276,744       0        61.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
025            6,115,753       0        72.3%    0.92     N/A        PERFORMING                    PERFORM TO MATURITY
026            5,982,294       0        72.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
027            5,570,001       0        77.8%    1.35     N/A        PERFORMING                    PERFORM TO MATURITY
028            5,520,870       0        74.6%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
029            5,489,106       0        69.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
030            5,459,849       0        70.8%    1.83     N/A        PERFORMING                    PERFORM TO MATURITY
031            5,455,447       7        62.0%    1.56     N/A        PERFORMING                    PERFORM TO MATURITY
032            5,403,594       0        75.6%    1.35     N/A        PERFORMING                    PERFORM TO MATURITY
033            5,267,837       0        74.8%    0.56     N/A        PERFORMING                    PERFORM TO MATURITY
034            5,258,099       0        69.2%    1.50     N/A        PERFORMING                    PERFORM TO MATURITY
035            5,045,899       7        67.3%    1.57     N/A        PERFORMING                    PERFORM TO MATURITY
036            4,979,126       0        77.8%    1.28     N/A        PERFORMING                    PERFORM TO MATURITY
037            4,979,845       0        74.3%    1.76     N/A        PERFORMING                    PERFORM TO MATURITY
038            4,967,481       0        57.8%    1.51     N/A        PERFORMING                    PERFORM TO MATURITY
039            4,965,985       0        79.2%    1.43     N/A        PERFORMING                    PERFORM TO MATURITY
040            4,880,737       0        77.0%    1.28     N/A        PERFORMING                    PERFORM TO MATURITY
041            4,786,047       0        74.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
042            4,721,146       0        70.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
043            4,692,322       0        67.0%    1.23     N/A        PERFORMING                    PERFORM TO MATURITY
044            4,668,684       0        77.3%    1.64     N/A        PERFORMING                    PERFORM TO MATURITY
045            4,638,336       0        72.2%    1.77     N/A        PERFORMING                    PERFORM TO MATURITY
046            4,584,644       0        59.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
047            4,586,400       0        67.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
048            4,577,428       0        65.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
049            4,567,342       0        78.7%    1.45     N/A        PERFORMING                    PERFORM TO MATURITY
050            4,367,223       0        55.3%    1.81     N/A        PERFORMING                    PERFORM TO MATURITY
051            4,383,489       0        69.6%    1.92     N/A        PERFORMING                    PERFORM TO MATURITY
052            4,381,941       0        79.7%    1.87     N/A        PERFORMING                    PERFORM TO MATURITY
053            4,225,615       0        64.8%    1.80     N/A        PERFORMING                    PERFORM TO MATURITY
054            4,222,714       0        74.1%    1.62     N/A        PERFORMING                    PERFORM TO MATURITY
055            4,156,293       0        71.0%    1.30     N/A        PERFORMING                    PERFORM TO MATURITY
056            4,096,902       0        66.7%    1.70     N/A        PERFORMING                    PERFORM TO MATURITY
057            4,047,957       0        78.6%    1.22     N/A        PERFORMING                    PERFORM TO MATURITY
058            4,024,099       0        74.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
059            4,020,562       7        74.5%    1.40     N/A        PERFORMING                    PERFORM TO MATURITY
060            3,973,455       0        68.9%    1.80     N/A        PERFORMING                    PERFORM TO MATURITY
061            3,968,294       0        69.6%    1.78     N/A        PERFORMING                    PERFORM TO MATURITY
062            3,961,026       0        73.4%    1.11     N/A        PERFORMING                    PERFORM TO MATURITY
063            3,954,479       0        77.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
064            3,889,664       0        76.3%    1.06     N/A        PERFORMING                    PERFORM TO MATURITY
</TABLE>
                                   Page - 28
<PAGE>
<TABLE>
<CAPTION>
               CURRENT
               PRINCIPAL      DAYS                      ENVIRON
ASSET NO       BALANCE       DELINQ     LTV      DSCR    ISSUES      ASSET STATUS                  RESOLUTION TYPE
<S>        <C>                <C>      <C>       <C>      <C>        <C>                           <C>
065            3,826,148       0        65.1%    1.62     N/A        PERFORMING                    PERFORM TO MATURITY
066            2,954,622       0        71.1%    1.54     N/A        PERFORMING                    PERFORM TO MATURITY
067              827,830       0        72.0%    1.34     N/A        PERFORMING                    PERFORM TO MATURITY
068            3,727,713       0        72.4%    1.64     N/A        PERFORMING                    PERFORM TO MATURITY
069            3,720,862       0        74.4%    1.41     N/A        PERFORMING                    PERFORM TO MATURITY
070            3,697,622       0        73.6%    0.99     N/A        PERFORMING                    PERFORM TO MATURITY
071            3,573,698       0        77.1%    2.57     N/A        PERFORMING                    PERFORM TO MATURITY
072            3,497,020       0        73.1%    1.34     N/A        PERFORMING                    PERFORM TO MATURITY
073            3,467,277       0        56.7%    1.49     N/A        PERFORMING                    PERFORM TO MATURITY
074            3,444,966       0        73.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
075            3,387,241       0        60.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
076            3,337,441       0        74.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
077            3,320,177       7        79.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
078            3,280,006       0        73.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
079            3,256,825       0        73.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
080            3,237,079       0        70.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
081            3,203,174       0        71.0%    1.40     N/A        PERFORMING                    PERFORM TO MATURITY
082            3,185,580       0        70.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
083            3,181,989       0        66.0%    1.23     N/A        PERFORMING                    PERFORM TO MATURITY
084            3,035,715       0        73.3%    1.55     N/A        PERFORMING                    PERFORM TO MATURITY
085            2,986,965       0        58.2%    1.55     N/A        PERFORMING                    ORIGINATION
086            2,969,491       0        66.0%    1.49     N/A        PERFORMING                    PERFORM TO MATURITY
087            2,928,353       0        79.4%    1.59     N/A        PERFORMING                    PERFORM TO MATURITY
088            2,922,957       7        76.9%    1.28     N/A        PERFORMING                    PERFORM TO MATURITY
089            2,880,273       0        66.2%    1.88     N/A        PERFORMING                    PERFORM TO MATURITY
090            2,877,542       0        72.8%    1.57     N/A        PERFORMING                    PERFORM TO MATURITY
091            2,780,255       0        78.7%    1.76     N/A        PERFORMING                    PERFORM TO MATURITY
092            2,764,143       7        66.8%    1.76     N/A        PERFORMING                    PERFORM TO MATURITY
093            2,754,230       0        66.5%    2.55     N/A        PERFORMING                    PERFORM TO MATURITY
094            2,733,101       7        62.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
095            2,702,595       0        70.1%    1.84     N/A        PERFORMING                    PERFORM TO MATURITY
096            2,693,891       0        68.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
097            2,665,824       0        69.4%    1.90     N/A        PERFORMING                    PERFORM TO MATURITY
098            2,621,915       7        74.0%    1.33     N/A        PERFORMING                    PERFORM TO MATURITY
099            2,613,943       0        74.7%    2.04     N/A        PERFORMING                    PERFORM TO MATURITY
100            2,530,950       0        72.0%    1.44     N/A        PERFORMING                    PERFORM TO MATURITY
101            2,485,550       0        72.2%    2.06     N/A        PERFORMING                    PERFORM TO MATURITY
102            2,469,542       0        72.5%    2.43     N/A        PERFORMING                    PERFORM TO MATURITY
103            2,458,415       0        67.9%    1.74     N/A        PERFORMING                    PERFORM TO MATURITY
104            2,426,235       0        44.1%    2.22     N/A        PERFORMING                    PERFORM TO MATURITY
105            2,445,723       0        69.8%    1.55     N/A        PERFORMING                    PERFORM TO MATURITY
106            2,430,835       0        75.5%    1.68     N/A        PERFORMING                    PERFORM TO MATURITY
107            1,372,832       0        72.2%    1.37     N/A        PERFORMING                    PERFORM TO MATURITY
108              906,979       0        71.9%    1.37     N/A        PERFORMING                    PERFORM TO MATURITY
109            2,277,431       0        78.0%    1.37     N/A        PERFORMING                    PERFORM TO MATURITY
110            2,250,565       0        77.5%    0.75     N/A        PERFORMING                    PERFORM TO MATURITY
111            2,240,771       0        71.1%    1.42     N/A        PERFORMING                    PERFORM TO MATURITY
112            2,239,462       0        74.6%    1.35     N/A        PERFORMING                    PERFORM TO MATURITY
113            2,235,575       0        66.7%    1.49     N/A        PERFORMING                    PERFORM TO MATURITY
114            2,231,411       0        76.9%    1.75     N/A        PERFORMING                    PERFORM TO MATURITY
115            2,227,432       0        66.5%    1.54     N/A        PERFORMING                    PERFORM TO MATURITY
116            2,206,975       0        78.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
117            2,194,186       0        73.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
118            2,188,627       0        77.6%    1.56     N/A        PERFORMING                    PERFORM TO MATURITY
119            2,172,432       0        54.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
120            2,169,415       0        72.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
121            2,132,672       0        68.6%    1.72     N/A        PERFORMING                    PERFORM TO MATURITY
122            2,120,402       0        57.3%    1.36     N/A        PERFORMING                    PERFORM TO MATURITY
123            2,115,353       7        66.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
124            2,076,895       0        77.6%    1.40     N/A        PERFORMING                    PERFORM TO MATURITY
125            2,074,618       0        78.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
126            2,018,576       0        72.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
127            2,007,149       0        69.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
128            1,990,480       0        71.3%    1.46     N/A        PERFORMING                    PERFORM TO MATURITY
129            1,991,925       0        74.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
130            1,978,152       0        79.1%    1.47     N/A        PERFORMING                    PERFORM TO MATURITY
131            1,967,612       0        73.2%    1.24     N/A        PERFORMING                    PERFORM TO MATURITY
132            1,961,194       0        78.4%    1.46     N/A        PERFORMING                    PERFORM TO MATURITY
133            1,932,525       0        78.9%    1.53     N/A        PERFORMING                    PERFORM TO MATURITY
134            1,905,765       0        77.4%    1.91     N/A        PERFORMING                    PERFORM TO MATURITY
</TABLE>

                                   Page - 29
<PAGE>
<TABLE>
<CAPTION>
               CURRENT
               PRINCIPAL      DAYS                      ENVIRON
ASSET NO       BALANCE       DELINQ     LTV      DSCR    ISSUES      ASSET STATUS                  RESOLUTION TYPE
<S>        <C>                <C>      <C>       <C>      <C>        <C>                           <C>
135            1,888,229       0        60.9%    1.52     N/A        PERFORMING                    PERFORM TO MATURITY
136            1,872,951       0        77.9%    1.74     N/A        PERFORMING                    PERFORM TO MATURITY
137            1,848,493       0        51.4%    1.96     N/A        PERFORMING                    PERFORM TO MATURITY
138            1,841,850       0        72.8%    1.54     N/A        PERFORMING                    PERFORM TO MATURITY
139            1,838,539       0        60.9%    1.57     N/A        PERFORMING                    PERFORM TO MATURITY
140            1,829,451       0        68.8%    2.00     N/A        PERFORMING                    PERFORM TO MATURITY
141            1,794,025       0        75.8%    1.24     N/A        PERFORMING                    PERFORM TO MATURITY
142            1,791,997       0        63.4%    2.30     N/A        PERFORMING                    PERFORM TO MATURITY
143            1,792,506       0        52.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
144            1,785,078       0        58.3%    2.35     N/A        PERFORMING                    PERFORM TO MATURITY
145            1,784,459       0        71.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
146            1,777,092       0        71.0%    1.28     N/A        PERFORMING                    PERFORM TO MATURITY
147            1,774,719       0        77.7%    1.55     N/A        PERFORMING                    PERFORM TO MATURITY
148            1,766,645       0        66.7%    1.44     N/A        PERFORMING                    PERFORM TO MATURITY
149            1,742,988       0        71.1%    1.22     N/A        PERFORMING                    PERFORM TO MATURITY
150            1,735,336       0        73.8%    1.39     N/A        PERFORMING                    PERFORM TO MATURITY
151            1,731,375       0        73.7%    1.49     N/A        PERFORMING                    PERFORM TO MATURITY
152            1,700,872       0        59.6%    2.44     N/A        PERFORMING                    PERFORM TO MATURITY
153            1,714,569       0        66.3%    2.21     N/A        PERFORMING                    PERFORM TO MATURITY
154            1,697,541       0        72.2%    1.98     N/A        PERFORMING                    PERFORM TO MATURITY
155            1,674,303       0        64.1%    1.47     N/A        PERFORMING                    PERFORM TO MATURITY
156            1,667,606       0        68.8%    1.37     N/A        PERFORMING                    PERFORM TO MATURITY
157            1,641,039       0        78.3%    1.14     N/A        PERFORMING                    PERFORM TO MATURITY
158            1,634,594       0        71.1%    1.44     N/A        PERFORMING                    PERFORM TO MATURITY
159            1,621,557       0        69.2%    2.44     N/A        PERFORMING                    PERFORM TO MATURITY
160            1,592,638       0        62.7%    1.60     N/A        PERFORMING                    ORIGINATION
161            1,590,015       0        76.8%    1.07     N/A        PERFORMING                    PERFORM TO MATURITY
162            1,585,431       0        63.4%    1.97     N/A        PERFORMING                    PERFORM TO MATURITY
163            1,552,741       0        71.6%    1.78     N/A        PERFORMING                    PERFORM TO MATURITY
164            1,525,718       0        72.8%    1.00     N/A        PERFORMING                    PERFORM TO MATURITY
165            1,526,506       7        78.3%    1.43     N/A        PERFORMING                    PERFORM TO MATURITY
166            1,524,915       0        71.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
167            1,502,083       0        72.3%    1.46     N/A        PERFORMING                    PERFORM TO MATURITY
168            1,490,118       0        67.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
169            1,479,310       0        53.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
170            1,478,969       0        72.1%    1.07     N/A        PERFORMING                    PERFORM TO MATURITY
171            1,415,126       0        73.7%    1.66     N/A        PERFORMING                    PERFORM TO MATURITY
172              967,048       0        71.8%    1.46     N/A        PERFORMING                    PERFORM TO MATURITY
173              447,436       0        71.0%    1.43     N/A        PERFORMING                    PERFORM TO MATURITY
174            1,410,834       0        69.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
175            1,393,884       0        70.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
176            1,386,370       0        69.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
177            1,384,789       0        73.5%    1.91     N/A        PERFORMING                    PERFORM TO MATURITY
178            1,376,032       0        77.4%    1.51     N/A        PERFORMING                    PERFORM TO MATURITY
179            1,342,355       0        70.9%    1.64     N/A        PERFORMING                    PERFORM TO MATURITY
180            1,340,700       0        73.3%    1.79     N/A        PERFORMING                    PERFORM TO MATURITY
181            1,315,129       0        73.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
182            1,267,452       0        60.1%    1.93     N/A        PERFORMING                    PERFORM TO MATURITY
183            1,259,729       0        74.6%    1.61     N/A        PERFORMING                    PERFORM TO MATURITY
184            1,258,380       0        76.9%    1.45     N/A        PERFORMING                    PERFORM TO MATURITY
185            1,253,394       0        69.6%    2.37     N/A        PERFORMING                    PERFORM TO MATURITY
186            1,227,539       0        71.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
187            1,227,948       0        72.5%    1.65     N/A        PERFORMING                    PERFORM TO MATURITY
188            1,190,507       0        74.2%    0.52     N/A        PERFORMING                    PERFORM TO MATURITY
189            1,183,786       0        62.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
190            1,175,331       0        49.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
191            1,143,693       0        68.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
192            1,140,768       0        67.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
193            1,133,685       0        66.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
194            1,131,476       0        68.0%    1.62     N/A        PERFORMING                    PERFORM TO MATURITY
195            1,133,331       0        79.8%    1.61     N/A        PERFORMING                    PERFORM TO MATURITY
196              374,476       0        69.7%    2.00     N/A        PERFORMING                    PERFORM TO MATURITY
197              374,476       0        68.5%    1.55     N/A        PERFORMING                    PERFORM TO MATURITY
198              359,694       0        68.9%    1.98     N/A        PERFORMING                    PERFORM TO MATURITY
199            1,094,616       0        73.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
200            1,091,575       0        64.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
201            1,086,851       0        70.0%    1.75     N/A        PERFORMING                    PERFORM TO MATURITY
202            1,041,661       0        70.6%    1.74     N/A        PERFORMING                    PERFORM TO MATURITY
203            1,035,352       0        76.7%    1.72     N/A        PERFORMING                    PERFORM TO MATURITY
204            1,031,043       7        69.9%    1.05     N/A        PERFORMING                    PERFORM TO MATURITY
205            1,026,384       0        70.8%    1.79     N/A        PERFORMING                    PERFORM TO MATURITY
</TABLE>

                                   Page - 30
<PAGE>
<TABLE>
<CAPTION>
               CURRENT
               PRINCIPAL      DAYS                      ENVIRON
ASSET NO       BALANCE       DELINQ     LTV      DSCR    ISSUES      ASSET STATUS                  RESOLUTION TYPE
<S>        <C>                <C>      <C>       <C>      <C>        <C>                           <C>
206            1,018,794       0        75.1%    1.44     N/A        PERFORMING                    PERFORM TO MATURITY
207            1,012,691       0        74.5%    1.27     N/A        PERFORMING                    PERFORM TO MATURITY
208            1,006,956       0        65.0%    1.54     N/A        PERFORMING                    PERFORM TO MATURITY
209              994,452       0         N/A     1.69     N/A        PERFORMING                    PERFORM TO MATURITY
210              993,982       0        72.8%    1.55     N/A        PERFORMING                    ORIGINATION
211              992,214       0        50.9%    1.49     N/A        PERFORMING                    PERFORM TO MATURITY
212              963,369       0        38.9%    3.64     N/A        PERFORMING                    PERFORM TO MATURITY
213              955,445       0        72.1%    1.74     N/A        PERFORMING                    ORIGINATION
214              944,924       0        63.0%    1.75     N/A        PERFORMING                    ORIGINATION
215              944,126       0        62.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
216              932,870       0        64.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
217              929,831       0        89.6%    1.31     N/A        PERFORMING                    PERFORM TO MATURITY
218              933,388       0        71.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
219              925,243       0        73.4%    1.32     N/A        PERFORMING                    PERFORM TO MATURITY
220              919,012       0        74.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
221              883,677       0        65.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
222              871,235       0        65.8%    2.06     N/A        PERFORMING                    PERFORM TO MATURITY
223              868,141       0        69.5%    1.68     N/A        PERFORMING                    PERFORM TO MATURITY
224              829,098       0        72.3%    1.59     N/A        PERFORMING                    PERFORM TO MATURITY
225              821,432       0        60.8%    1.42     N/A        PERFORMING                    PERFORM TO MATURITY
226              819,720       0        72.7%    0.76     N/A        PERFORMING                    PERFORM TO MATURITY
227              819,576       0        77.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
228              802,905       0        71.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
229              791,743       0        54.6%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
230              725,595       0        71.2%    1.40     N/A        PERFORMING                    PERFORM TO MATURITY
231              671,486       0        68.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
232              658,147       0        71.2%    1.63     N/A        PERFORMING                    PERFORM TO MATURITY
233              652,485       0        70.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
234              592,928       0        62.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
235              541,882       0        72.3%    1.33     N/A        PERFORMING                    PERFORM TO MATURITY
236              513,567       0        68.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
237              492,998       0        73.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
238              484,717       0        57.6%    1.80     N/A        PERFORMING                    PERFORM TO MATURITY
239              467,094       0        68.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
240              434,491       0        73.6%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
241              427,463       0        61.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
242              414,173       7        74.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
- ---        -------------     ---      ------     ----     ---        -------------------------     ------------------------------
TOTAL        731,478,588
           =============
</TABLE>

                                   Page - 31
<PAGE>
                 MIDLAND LOAN SERVICES, L.P. - Master Servicer
                  Loan Portfolio Analysis System - Loan Terms
                    PORTFOLIO: COMM MTGE ACCEPT CORP 1999 C1
                        REPORTING PERIOD: November, 1999
                            DATE PRINTED: 16-Nov-99
<TABLE>
<CAPTION>
                                                              REMAIN
                CURRENT         ORIG                          LOAN TERM               INT
                PRINCIPAL       NOTE         LOAN AMORT       IN         INT          RATE
ASSET NO        BALANCE         DATE            DATE          MONTHS     RATE         TYPE            PAYMENT
<S>          <C>               <C>            <C>             <C>        <C>            <C>           <C>
001            32,095,888      09/09/1998     10/01/2028      107        7.200%         F             219,927
002            22,853,390      03/17/1999     04/01/2024      113        7.450%         F             169,221
003            15,351,637      07/27/1999     05/01/2028      342        7.170%         F             105,277
004            14,000,000      04/16/1999     05/01/2026      318        7.870%         F              91,817
005            12,200,000      04/16/1999     05/01/2026      318        7.870%         F              80,012
006             4,841,077      06/24/1999     07/01/2029      116        8.320%         F              36,675
007             3,992,641      06/24/1999     07/01/2029      116        8.320%         F              30,248
008             2,185,971      06/24/1999     07/01/2029      116        8.320%         F              16,561
009            10,460,205      04/22/1999     05/01/2029      354        7.390%         F              72,628
010             9,996,103      02/17/1999     03/01/2029      112        7.240%         F              68,491
011             9,429,947      04/23/1998     01/01/2029      350        7.550%         F              66,751
012             8,670,197      05/04/1999     06/01/2029      115        7.150%         F              58,760
013             8,375,829      02/18/1999     03/01/2029      112        6.990%         F              55,989
014             8,122,521      04/26/1999     05/01/2029      114        7.810%         F              58,726
015             7,750,000      04/16/1999     05/01/2026      318        7.870%         F              50,827
016             7,573,120      03/30/1999     04/01/2029      113        7.870%         F              55,079
017             7,477,867      05/07/1999     06/01/2029      355        7.715%         F              53,550
018             7,379,765      05/20/1999     06/01/2029      355        7.990%         F              54,247
019             6,989,025      04/21/1999     05/01/2029      114        6.810%         F              45,812
020             6,915,765      04/23/1999     05/01/2024      174        8.530%         F              56,104
021             6,625,004      03/31/1998     12/01/2023      289        7.820%         F              50,915
022             6,369,292      05/19/1999     06/01/2024      115        7.850%         F              48,762
023             6,344,529      11/23/1998     12/01/2008      109        6.810%         F              41,766
024             6,276,744      06/14/1999     07/01/2024      116        7.850%         F              48,000
025             6,115,753      05/27/1999     06/01/2029      115        7.890%         F              44,532
026             5,982,294      05/07/1999     06/01/2029      355        7.715%         F              42,840
027             5,570,001      05/12/1999     06/01/2024      115        8.010%         F              43,228
028             5,520,870      03/31/1999     10/01/2026      323        7.860%         F              41,121
029             5,489,106      06/03/1999     07/01/2029      116        8.090%         F              40,703
030             5,459,849      04/08/1999     05/01/2022      114        7.630%         F              42,332
031             5,455,447      01/06/1999     02/01/2024      111        8.050%         F              42,632
032             5,403,594      06/02/1997     07/01/2027       56        8.830%         F              43,584
033             5,267,837      04/09/1999     05/01/2029      114        7.940%         F              38,559
034             5,258,099      07/27/1998     11/01/2028      348        7.310%         F              36,371
035             5,045,899      05/07/1999     06/01/2015      187        7.415%         F              45,437
036             4,979,126      05/24/1999     06/01/2024      295        7.510%         F              36,982
037             4,979,845      02/04/1999     03/01/2029      352        8.270%         F              37,634
038             4,967,481      03/23/1999     04/01/2024      113        8.080%         F              38,856
039             4,965,985      02/02/1999     02/01/2029      111        7.250%         F              34,109
040             4,880,737      06/09/1999     07/01/2029      116        8.230%         F              36,668
041             4,786,047      07/21/1998     06/01/2029      355        7.770%         F              34,454
042             4,721,146      12/17/1998     01/01/2029      110        7.960%         F              34,721
043             4,692,322      04/20/1998     06/01/2018      223        7.460%         F              38,953
044             4,668,684      12/23/1998     01/01/2029      110        7.580%         F              33,121
045             4,638,336      05/11/1999     06/01/2029      115        8.290%         F              35,065
046             4,584,644      05/28/1999     06/01/2014      175        7.940%         F              44,277
047             4,586,400      04/29/1999     05/01/2029      114        8.255%         F              34,574
048             4,577,428      02/17/1999     03/01/2029      112        7.575%         F              32,400
049             4,567,342      02/02/1999     02/01/2029      111        7.050%         F              30,759
050             4,367,223      12/08/1998     01/01/2014      170        7.770%         F              42,409
051             4,383,489      05/24/1999     06/01/2024      295        9.020%         F              36,985
052             4,381,941      05/21/1999     06/01/2024      115        7.600%         F              32,802
053             4,225,615      04/01/1999     04/01/2024      293        8.690%         F              34,768
054             4,222,714      04/09/1999     05/01/2029      114        7.810%         F              30,530
055             4,156,293      08/20/1998     09/01/2028      346        6.840%         F              27,493
056             4,096,902      04/21/1999     05/01/2024      114        7.760%         F              31,124
057             4,047,957      01/14/1999     02/01/2029      111        7.220%         F              27,716
058             4,024,099      12/28/1998     01/01/2029      110        7.750%         F              29,015
059             4,020,562      02/03/1999     03/01/2024      112        7.510%         F              29,955
060             3,973,455      01/13/1999     02/01/2029      111        7.220%         F              27,206
061             3,968,294      02/12/1999     03/01/2024      292        7.710%         F              30,108
062             3,961,026      01/15/1999     02/01/2024      111        7.590%         F              29,794
063             3,954,479      12/17/1998     01/01/2024      110        7.250%         F              28,912
064             3,889,664      05/11/1999     06/01/2029      115        8.100%         F              28,889
</TABLE>

                                   Page - 32
<PAGE>
<TABLE>
<CAPTION>
                                                              REMAIN
                CURRENT         ORIG                          LOAN TERM               INT
                PRINCIPAL       NOTE         LOAN AMORT       IN         INT          RATE
ASSET NO        BALANCE         DATE            DATE          MONTHS     RATE         TYPE            PAYMENT
<S>          <C>               <C>            <C>             <C>        <C>            <C>           <C>
065             3,826,148      03/15/1999     04/01/2024      293        8.320%         F              30,536
066             2,954,622      04/06/1999     05/01/2019      114        8.450%         F              25,776
067               827,830      04/06/1999     05/01/2024      114        8.450%         F               6,671
068             3,727,713      04/16/1999     05/01/2029      354        7.900%         F              27,183
069             3,720,862      02/08/1999     03/01/2024      112        7.810%         F              28,473
070             3,697,622      03/30/1999     04/01/2029      113        7.770%         F              26,652
071             3,573,698      11/11/1998     12/01/2028      109        7.530%         F              25,246
072             3,497,020      04/29/1999     05/01/2029      114        7.480%         F              24,494
073             3,467,277      03/12/1999     04/01/2019      113        8.250%         F              29,822
074             3,444,966      03/03/1999     04/01/2029      113        7.590%         F              24,406
075             3,387,241      05/24/1999     06/01/2024      295        9.020%         F              28,579
076             3,337,441      04/21/1999     05/01/2029      114        7.430%         F              23,263
077             3,320,177      12/29/1998     01/01/2029      110        7.700%         F              23,813
078             3,280,006      05/28/1999     06/01/2029      115        7.990%         F              24,111
079             3,256,825      03/26/1999     04/01/2024      113        7.660%         F              24,581
080             3,237,079      04/21/1999     05/01/2026      114        7.760%         F              23,988
081             3,203,174      03/06/1999     04/01/2024      113        7.880%         F              24,635
082             3,185,580      05/05/1999     06/01/2024      115        8.160%         F              25,038
083             3,181,989      04/07/1999     05/01/2024      114        7.900%         F              24,487
084             3,035,715      05/14/1999     06/01/2009      115        7.970%         F              23,480
085             2,986,965      03/09/1999     03/01/2029      137        7.590%         F              21,162
086             2,969,491      07/07/1998     08/01/2028      345        7.480%         F              20,935
087             2,928,353      12/17/1998     01/01/2029      110        7.170%         F              19,964
088             2,922,957      12/23/1998     01/01/2029      110        7.800%         F              21,164
089             2,880,273      01/28/1999     02/01/2029      111        7.110%         F              19,508
090             2,877,542      03/31/1999     04/01/2029      113        7.620%         F              20,445
091             2,780,255      03/03/1999     04/01/2024      113        7.670%         F              21,002
092             2,764,143      05/05/1999     06/01/2024      115        7.850%         F              21,143
093             2,754,230      05/01/1999     06/01/2024      175        8.850%         F              22,920
094             2,733,101      05/07/1999     06/01/2019      115        8.300%         F              23,518
095             2,702,595      01/28/1999     02/01/2024      111        7.420%         F              20,033
096             2,693,891      01/06/1999     02/01/2029      111        7.700%         F              19,321
097             2,665,824      11/30/1998     12/01/2008      109        7.640%         F              20,199
098             2,621,915      04/21/1999     05/01/2029      114        7.560%         F              18,498
099             2,613,943      03/15/1999     04/01/2029      113        7.180%         F              17,783
100             2,530,950      03/23/1999     04/01/2024      113        7.370%         F              18,629
101             2,485,550      04/22/1999     05/01/2024      114        7.770%         F              18,916
102             2,469,542      11/23/1998     12/01/2008      109        7.360%         F              18,248
103             2,458,415      03/31/1999     04/01/2024      113        7.930%         F              18,988
104             2,426,235      12/08/1998     01/01/2014      170        7.770%         F              23,561
105             2,445,723      04/27/1999     05/01/2024      114        7.750%         F              18,581
106             2,430,835      05/11/1999     06/01/2029      115        7.990%         F              17,869
107             1,372,832      11/09/1998     12/01/2023      109        7.950%         F              10,667
108               906,979      11/09/1998     12/01/2023      109        7.950%         F               7,047
109             2,277,431      01/29/1999     02/01/2024      111        7.550%         F              17,072
110             2,250,565      04/29/1999     05/01/2024      114        7.640%         F              16,937
111             2,240,771      05/21/1999     06/01/2024      112        8.610%         F              18,285
112             2,239,462      04/30/1999     06/01/2024      115        7.970%         F              17,321
113             2,235,575      12/04/1998     01/01/2029      146        7.740%         F              16,104
114             2,231,411      12/30/1998     01/01/2029      110        7.410%         F              15,573
115             2,227,432      12/11/1988     01/01/2024      110        7.950%         F              17,291
116             2,206,975      11/23/1998     12/01/2028      109        7.100%         F              14,953
117             2,194,186      05/05/1999     06/01/2029      115        8.110%         F              16,312
118             2,188,627      02/23/1999     03/01/2029      112        7.380%         F              15,202
119             2,172,432      06/03/1999     07/01/2024      116        8.135%         F              17,021
120             2,169,415      05/12/1999     06/01/2029      119        8.210%         F              16,279
121             2,132,672      12/30/1998     01/01/2024      110        7.960%         F              16,570
122             2,120,402      05/21/1999     06/01/2024      115        8.160%         F              16,666
123             2,115,353      04/15/1999     05/01/2024      114        8.120%         F              16,570
124             2,076,895      12/21/1998     01/01/2024      110        7.440%         F              15,437
125             2,074,618      06/30/1998     07/01/2028      104        7.000%         F              13,971
126             2,018,576      04/30/1999     05/01/2029      114        8.020%         F              14,887
127             2,007,149      01/08/1999     02/01/2024      111        8.150%         F              15,831
128             1,990,480      05/17/1999     06/01/2024      115        7.890%         F              15,291
129             1,991,925      02/26/1999     03/01/2029      112        7.860%         F              14,481
130             1,978,152      12/16/1998     01/01/2024      110        7.480%         F              14,754
131             1,967,612      01/27/1999     02/01/2019      111        7.430%         F              16,026
132             1,961,194      09/30/1998     10/01/2028      107        7.150%         F              13,373
133             1,932,525      11/25/1997     12/01/2027       37        8.625%         F              15,245
</TABLE>

                                   Page - 33
<PAGE>
<TABLE>
<CAPTION>
                                                               REMAIN
                CURRENT         ORIG                          LOAN TERM               INT
                PRINCIPAL       NOTE         LOAN AMORT       IN         INT          RATE
ASSET NO        BALANCE         DATE            DATE          MONTHS     RATE         TYPE            PAYMENT
<S>          <C>               <C>            <C>             <C>        <C>            <C>           <C>
134             1,905,765      11/30/1998     12/01/2008      109        7.470%         F              13,386
135             1,888,229      03/15/1999     04/01/2024      293        8.320%         F              15,070
136             1,872,951      10/27/1998     11/01/2023      108        7.030%         F              13,465
137             1,848,493      05/06/1999     06/01/2014      175        7.880%         F              17,789
138             1,841,850      05/06/1999     06/01/2024      115        8.270%         F              14,611
139             1,838,539      03/15/1999     04/01/2024      293        8.320%         F              14,673
140             1,829,451      04/30/1999     05/01/2024      114        7.810%         F              13,971
141             1,794,025      03/25/1999     04/01/2029      113        7.520%         F              12,625
142             1,791,997      04/13/1999     05/01/2024      114        8.990%         F              15,093
143             1,792,506      02/18/1999     03/01/2029      112        8.160%         F              13,409
144             1,785,078      04/06/1999     05/01/2019      114        8.880%         F              16,056
145             1,784,459      12/17/1998     01/01/2024      110        7.250%         F              13,047
146             1,777,092      10/27/1998     11/01/2023      108        7.660%         F              13,490
147             1,774,719      03/29/1999     04/01/2024      113        7.720%         F              13,464
148             1,766,645      04/16/1999     05/01/2024      114        7.730%         F              13,399
149             1,742,988      04/29/1999     05/01/2019      114        7.850%         F              14,557
150             1,735,336      10/26/1998     11/01/2023      168        7.120%         F              12,574
151             1,731,375      11/30/1998     12/01/2008      109        8.090%         F              13,611
152             1,700,872      05/04/1999     06/01/2014      115        7.990%         F              16,475
153             1,714,569      02/25/1999     03/01/2024      112        9.000%         F              14,476
154             1,697,541      05/11/1999     06/01/2029      115        8.140%         F              12,655
155             1,674,303      03/22/1999     04/01/2024      113        8.200%         F              13,229
156             1,667,606      05/12/1999     06/01/2024      115        8.260%         F              13,218
157             1,641,039      04/05/1999     05/01/2019      234        8.090%         F              13,949
158             1,634,594      06/11/1999     07/01/2024      176        8.370%         F              13,062
159             1,621,557      11/17/1998     12/01/2023      109        8.090%         F              12,748
160             1,592,638      03/30/1999     04/01/2029      137        7.370%         F              11,045
161             1,590,015      01/18/1999     02/01/2029      111        7.490%         F              11,176
162             1,585,431      10/15/1998     11/01/2028      108        7.030%         F              10,677
163             1,552,741      02/12/1999     03/01/2029      112        8.170%         F              11,626
164             1,525,718      02/25/1999     03/01/2024      112        9.000%         F              12,882
165             1,526,506      05/27/1999     06/01/2029      115        7.965%         F              11,189
166             1,524,915      04/20/1999     05/01/2029      114        7.860%         F              11,078
167             1,502,083      11/02/1998     12/01/2023      109        6.960%         F              10,718
168             1,490,118      04/20/1999     05/01/2024      114        7.110%         F              10,707
169             1,479,310      10/19/1998     11/01/2023      168        7.210%         F              10,803
170             1,478,969      05/06/1999     06/01/2024      115        7.920%         F              11,391
171             1,415,126      03/23/1999     04/01/2024      113        7.760%         F              10,773
172               967,048      04/05/1999     05/01/2024      114        7.840%         F               7,404
173               447,436      04/05/1999     05/01/2024      114        7.840%         F               3,426
174             1,410,834      10/27/1998     11/01/2023      108        6.950%         F              10,072
175             1,393,884      05/06/1999     06/01/2024      115        8.310%         F              11,094
176             1,386,370      04/08/1999     01/31/2019      230        7.800%         F              11,537
177             1,384,789      12/30/1998     01/01/2024      110        7.510%         F              10,355
178             1,376,032      12/02/1998     01/01/2009      110        7.940%         F              10,673
179             1,342,355      04/28/1999     05/01/2024      114        7.870%         F              10,304
180             1,340,700      03/26/1999     04/01/2024      113        7.790%         F              10,232
181             1,315,129      11/06/1998     12/01/2028      108        7.450%         F               9,219
182             1,267,452      04/16/1999     05/01/2014      174        8.010%         F              12,326
183             1,259,729      11/11/1998     12/01/2028      109        7.530%         F               8,899
184             1,258,380      04/28/1999     02/01/2059      114        7.520%         F               8,848
185             1,253,394      03/12/1999     04/01/2024      113        9.110%         F              10,669
186             1,227,539      06/30/1998     07/01/2023      104        7.625%         F               9,347
187             1,227,948      04/07/1999     05/01/2024      114        7.830%         F               9,393
188             1,190,507      02/09/1999     03/01/2024      112        7.720%         F               9,040
189             1,183,786      11/10/1998     12/01/2022      109        8.550%         F              10,100
190             1,175,331      11/23/1998     12/01/2018      109        7.075%         F               9,358
191             1,143,693      04/16/1999     05/01/2024      114        8.025%         F               8,895
192             1,140,768      12/18/1998     01/01/2024      110        8.650%         F               9,377
193             1,133,685      10/14/1998     11/01/2023      108        7.050%         F               8,165
194             1,131,476      04/30/1999     05/01/2024      114        7.810%         F               8,641
195             1,133,331      05/11/1999     06/01/2029      115        8.510%         F               8,743
196               374,476      10/28/1998     11/01/2023      108        6.910%         F               2,664
197               374,476      10/28/1998     11/01/2023      108        6.910%         F               2,664
198               359,694      10/28/1998     11/01/2023      108        6.910%         F               2,559
199             1,094,616      05/21/1999     06/01/2024      115        7.750%         F               8,309
200             1,091,575      06/30/1998     07/01/2028      104        7.625%         F               7,821
201             1,086,851      11/06/1998     12/01/2023      109        7.465%         F               8,104
202             1,041,661      02/12/1999     03/01/2024      112        7.700%         F               7,897
203             1,035,352      09/10/1998     10/01/2023      107        7.560%         F               7,800
</TABLE>

                                   Page - 34
<PAGE>
<TABLE>
<CAPTION>
                                                               REMAIN
                CURRENT         ORIG                          LOAN TERM               INT
                PRINCIPAL       NOTE         LOAN AMORT       IN         INT          RATE
ASSET NO        BALANCE         DATE            DATE          MONTHS     RATE         TYPE            PAYMENT
<S>          <C>               <C>            <C>             <C>        <C>            <C>           <C>
204             1,031,043      12/31/1998     01/01/2024      110        8.900%         F               8,648
205             1,026,384      06/30/1998     07/01/2023      104        7.625%         F               7,815
206             1,018,794      04/08/1999     05/01/2024      114        7.540%         F               7,601
207             1,012,691      05/27/1999     06/01/2029      115        7.980%         F               7,434
208             1,006,956      03/29/1999     04/01/2024      173        8.240%         F               7,976
209               994,452      04/20/1999     05/01/2024      114        7.970%         F               7,698
210               993,982      04/16/1999     05/01/2024      114        7.570%         F               7,436
211               992,214      02/12/1999     03/01/2024      112        7.800%         F               7,586
212               963,369      10/23/1998     11/01/2013      168        7.450%         F               9,242
213               955,445      04/27/1999     05/01/2024      114        7.770%         F               7,271
214               944,924      04/16/1999     05/01/2024      114        8.150%         F               7,427
215               944,126      03/16/1999     04/01/2024      113        8.330%         F               7,541
216               932,870      09/10/1998     10/01/2022      107        7.875%         F               7,294
217               929,831      04/12/1999     05/01/2019      114        7.780%         F               7,726
218               933,388      12/01/1998     12/01/2023      109        8.500%         F               7,584
219               925,243      04/21/1999     05/01/2024      114        7.700%         F               6,999
220               919,012      12/08/1998     01/01/2029      110        7.700%         F               6,595
221               883,677      11/20/1998     12/01/2023      109        7.150%         F               6,412
222               871,235      11/13/1998     12/01/2023      109        7.350%         F               6,432
223               868,141      03/17/1999     04/01/2024      113        7.790%         F               6,632
224               829,098      04/30/1999     06/01/2024      115        7.970%         F               6,413
225               821,432      11/03/1998     12/01/2023      109        8.250%         F               6,544
226               819,720      03/25/1999     04/01/2024      113        8.160%         F               6,455
227               819,576      12/31/1998     01/01/2024      110        8.200%         F               6,497
228               802,905      06/30/1998     07/01/2023      104        7.625%         F               6,113
229               791,743      06/18/1999     07/01/2014      176        8.630%         F               7,939
230               725,595      10/26/1998     11/01/2008      108        7.630%         F               5,494
231               671,486      10/06/1998     11/01/2023      108        7.750%         F               5,136
232               658,147      02/26/1999     03/01/2024      112        9.170%         F               5,633
233               652,485      02/19/1999     03/01/2024      112        8.500%         F               5,286
234               592,928      12/08/1998     01/01/2024      110        7.050%         F               4,260
235               541,882      04/14/1999     05/01/2024      114        7.820%         F               4,142
236               513,567      01/27/1998     02/01/2023       99        8.000%         F               4,052
237               492,998      08/25/1998     09/01/2023      106        8.000%         F               3,859
238               484,717      11/11/1998     12/01/2013      169        8.410%         F               4,897
239               467,094      07/07/1998     08/01/2023      105        8.125%         F               3,698
240               434,491      06/09/1998     07/01/2023      164        7.625%         F               3,302
241               427,463      05/18/1998     06/01/2018      223        8.625%         F               3,845
242               414,173      06/04/1998     07/01/2023      104        8.375%         F               3,347
- ---         -------------      ----------     ----------     ----     --------          -----     -----------
TOTAL         731,478,588
              ===========
</TABLE>

                                   Page -35
<PAGE>
                 MIDLAND LOAN SERVICES, L.P. - Master Servicer
             Loan Portfolio Analysis System - Property Description
                    PORTFOLIO: COMM MTGE ACCEPT CORP 1999 C1
                        REPORTING PERIOD: November, 1999
                            DATE PRINTED: 16-Nov-99
<TABLE>
<CAPTION>
ASSET   PROP                                                    YEAR                         PROPERTY    VALUATION  VALUATION
 NO     NO   PROPERTY TYPE      CITY             STATE   ZIP    BUILT   UNITS      NET SF     VALUE        DATE       SOURCE
<S>     <C>  <C>                <C>               <C>   <C>     <C>    <C>        <C>       <C>          <C>        <C>
001      1   Office             NEW YORK           NY   10001   1931     N/A      344,091   47,200,000   04/01/99   PROSPECTUS
002      1   Multifamily        PHILADELPHIA       PA   19144   1950     572      427,920   30,000,000   02/09/99   PROSPECTUS
003      1   Warehouse          SCHAUMBURG         IL   60173   1970     N/A       50,400    4,700,000   04/27/99   PROSPECTUS
003      2   Warehouse          HILLSIDE           IL   60162   1980     N/A      127,129    4,500,000   11/08/99   UNDERWRITERS
003      3   Warehouse          ELMHURST           IL   60126   1989     N/A       67,935    3,200,000   04/26/99   PROSPECTUS
003      4   Warehouse          CAROL STREAM       IL   60188   1996     N/A       44,575    3,000,000   04/27/99   PROSPECTUS
003      5   Warehouse          ELMHURST           IL   60126   1989     N/A       30,084    1,900,000   04/26/99   PROSPECTUS
003      6   Warehouse          ELMHURST           IL   60126   1979     N/A       40,920    1,800,000   04/26/99   PROSPECTUS
004      1   Office             NEW YORK           NY   10019   1924     N/A      111,455   20,000,000   02/11/99   PROSPECTUS
005      1   Office             NEW YORK           NY   10018   1923     N/A      151,005   18,000,000   02/11/99   PROSPECTUS
006      1   Industrial         BEDFORD PARK       IL   60638   1952     N/A      310,752    6,700,000   04/01/99   PROSPECTUS
007      1   Warehouse          ELK GROVE          IL   60007   1963     N/A      213,390    5,600,000   04/01/99   PROSPECTUS
008      1   Warehouse          CHICAGO            IL   60609   1979     N/A      109,728    2,800,000   04/01/99   PROSPECTUS
009      1   Multifamily        CHARLOTTE          NC   28213   1998     130          N/A   13,820,000   02/23/99   PROSPECTUS
010      1   Multifamily        EL PASO            TX   79924   1996     320      257,176   12,600,000   02/22/99   UNDERWRITERS
011      1   Retail             CAPE MAY           NJ   08204   1971     N/A      150,548   12,000,000   12/21/98   PROSPECTUS
012      1   Multifamily        FORT MYERS         FL   33907   1987     230      183,588   10,887,000   03/05/99   PROSPECTUS
013      1   Multifamily        EL PASO            TX   79915   1993     336          N/A   10,550,000   02/01/99   MAI APPRAISAL
014      1   Retail             ONEIDA             NY   13421   1989     N/A      218,166   12,000,000   01/06/99   PROSPECTUS
015      1   Retail             NEW YORK           NY   10017   1962     N/A       40,144   11,000,000   02/16/99   PROSPECTUS
016      1   Office             BOSTON             MA   02109   1916     N/A       62,347   10,948,000   03/17/99   UNDERWRITERS
017      1   Retail             PORT RICHEY        FL   34668   1990      12      101,696   10,000,000   03/30/99   PROSPECTUS
018      1   Retail             JOPLIN             MO   64755   1992     N/A      143,559   10,400,000   03/31/99   PROSPECTUS
019      1   Multifamily        SPOKANE            WA   99217   1998     192      178,180    8,974,000   04/06/99   UNDERWRITERS
020      1   Lodging            EAGAN              MN   55122   1994     120          N/A    9,822,000   04/21/99   UNDERWRITERS
021      1   Mixed Use          ROUND LAKE         IL   90073   1998     N/A       72,621    8,500,000   12/01/98   PROSPECTUS
022      1   Retail             CHARLOTTE AMAL     VI   00801   1850     N/A       32,863    8,744,000   03/23/99   UNDERWRITERS
023      1   Multifamily        AUSTIN             TX   78750   1971     170          N/A    8,014,188   05/11/99   UNDERWRITERS
024      1   Industrial         SANTA CRUZ         CA   95060   1995     N/A       90,026   10,180,000   03/10/99   PROSPECTUS
025      1   Industrial         RENO               NV   89511   1997     N/A      104,400    8,455,000   05/13/99   UNDERWRITERS
026      1   Retail             HOUSTON            TX   77074   1974       5       84,189    8,300,000   03/25/99   PROSPECTUS
027      1   Retail             CORONA             CA   91719   1984     N/A       58,342    7,160,000   04/01/99   UNDERWRITERS
028      1   Warehouse          PLANTATION         FL   33313   1979     N/A       99,072    7,400,000   02/15/99   PROSPECTUS
029      1   Office             SAN JOSE           CA   95119   1983     N/A       48,653    7,850,000   04/19/99   PROSPECTUS
030      1   Industrial         VERNON             CA   90058   1938     N/A      390,382    7,712,000   11/06/98   UNDERWRITERS
031      1   Multifamily        LEVITTOWN          PA   19055   1968     245          N/A    8,800,000   10/07/98   PROSPECTUS
032      1   Retail             GIBBSTOWN          NJ   08027   1987     N/A      100,694    7,150,000   10/06/98   PROSPECTUS
033      1   Retail             LAS VEGAS          NV   89102   1998     N/A       43,770    7,047,000   03/30/99   UNDERWRITERS
034      1   Office             FRAMINGHAM         MA   01701   1969     N/A       84,420    7,600,000   03/10/99   PROSPECTUS
035      1   Retail             BRISTOL            PA   19030   1983     N/A       76,545    7,500,000   02/10/99   PROSPECTUS
036      1   Multifamily        FARGO              ND   58103   1998     144          N/A    6,400,000   03/10/99   PROSPECTUS
037      1   Office             MOUNT VERNON       NY   10550   1922     N/A      169,822    6,700,000   12/30/98   PROSPECTUS
038      1   Industrial         ALEXANDRIA         VA   22304   1964     N/A       89,654    8,600,000   03/08/99   PROSPECTUS
039      1   Multifamily        CORPUS CHRISTI     TX   78410   1983     200      177,824    6,270,000   01/19/99   MAI APPRAISAL
040      1   Mixed Use          BEND               OR   97701   1995     N/A       54,588    6,335,000   03/25/99   PROSPECTUS
041      1   Multifamily        NEW YORK           NY   10001   1997      28          N/A    6,450,000   04/28/99   PROSPECTUS
041      2   Multifamily        NEW YORK           NY   10003   1998       8          N/A          N/A   N/A        N/A
042      1   Retail             PRINCETON          WV   24740   1983     N/A       94,810    6,670,000   08/17/98   PROSPECTUS
043      1   Retail             ROCKVILLE          MD   20852   1991     N/A       20,703    7,000,000   03/03/98   PROSPECTUS
044      1   Retail             CINCINNATI         OH   45236   1991     N/A       47,411    6,042,000   10/31/98   UNDERWRITERS
045      1   Retail             ST CHARLES         MO   63303   1985     N/A      121,103    6,425,000   03/10/99   UNDERWRITERS
046      1   Retail             HOUSTON            TX   77062   1990     N/A       52,061    7,700,000   02/15/99   PROSPECTUS
047      1   Retail             GREENVALE          NY   11548   1952     N/A       21,086    6,750,000   01/01/99   PROSPECTUS
047      2   Retail             GREENVALE          NY   11548   1952     N/A          N/A          N/A   N/A        N/A
047      3   Retail             GREENVALE          NY   11548   1952     N/A          N/A          N/A   N/A        N/A
048      1   Mixed Use          VACAVILLE          CA   95687   1998     N/A       29,060    7,000,000   10/07/98   PROSPECTUS
049      1   Multifamily        TEMPLE             TX   76504   1983     200          N/A    5,800,000   01/22/99   MAI APPRAISAL
050      1   Self Storage       HAMILTON           NJ   08619   1980     942          N/A    7,893,000   10/27/98   UNDERWRITERS
051      1   Lodging            OWENSBORO          KY   42303   1997     N/A          N/A    6,300,000   05/07/99   PROSPECTUS
052      1   Multifamily        EAST HAVEN         CT   06512   1962     120          N/A    5,500,000   03/31/99   PROSPECTUS
053      1   Retail             DANA POINT         CA   92677   1990     N/A       31,377    6,525,000   02/19/99   PROSPECTUS
054      1   Office             AMHERST            NY   14228   1992     N/A       39,304    5,700,000   01/27/99   MAI APPRAISAL
055      1   Office             BELLEVUE           WA   98004   1983      11       48,773    5,850,000   07/27/98   PROSPECTUS
056      1   Office             DURHAM             NC   22703   1987     N/A       60,000    6,145,000   03/08/99   UNDERWRITERS
057      1   Retail             SPRINGTOWN         TX   76082   1997     N/A       62,718    5,150,000   02/10/99   UNDERWRITERS
058      1   Multifamily        HOUSTON            TX   77032   1984     240          N/A    5,400,000   10/09/98   PROSPECTUS
</TABLE>

                                   Page - 36
<PAGE>
<TABLE>
<CAPTION>
ASSET   PROP                                                    YEAR                         PROPERTY    VALUATION  VALUATION
 NO     NO   PROPERTY TYPE      CITY             STATE   ZIP    BUILT   UNITS      NET SF     VALUE        DATE       SOURCE
<S>     <C>  <C>                <C>               <C>   <C>     <C>    <C>        <C>       <C>          <C>        <C>
059      1   Industrial         SANTA CLARITA      CA   91355   1988     N/A       85,302    5,400,000   12/30/98   MAI APPRAISAL
060      1   Multifamily        PHILADELPHIA       PA   19127   1840      71       58,413    5,766,000   05/24/99   UNDERWRITERS
061      1   Office             PITTSBURGH         PA   15222   1904     N/A      121,650    5,700,000   01/26/99   PROSPECTUS
062      1   Office             PLAINSBORO         NJ   08536   1984     N/A       55,000    5,400,000   07/20/98   MAI APPRAISAL
063      1   Multifamily        COLORADO SPRINGS   CO   80910   1972     150      138,840    5,100,000   08/13/98   PROSPECTUS
064      1   Industrial         WEST CALDWELL      NJ   07006   1985     N/A       92,913    5,100,000   04/19/99   PROSPECTUS
065      1   Industrial         SAN FRANCISCO      CA   94103   1925     N/A       55,140    5,880,000   11/10/98   PROSPECTUS
066      1   Office             ROCKFORD           IL   61107   1994     N/A       18,008    4,154,000   02/01/99   UNDERWRITERS
067      1   Office             LOVES PARK         IL   61111   1973     N/A       12,574    1,150,000   04/22/99   UNDERWRITERS
068      1   Retail             WHITEVILLE         NC   28474   1994     N/A       93,624    5,150,000   04/06/99   PROSPECTUS
069      1   Self Storage       HALEDON            NJ   07508   1930     702       65,138    5,000,000   01/26/99   PROSPECTUS
070      1   Office             SANTA FE           NM   87502   1997     N/A       31,567    5,026,000   02/23/99   UNDERWRITERS
071      1   Multifamily        MORGANTOWN         WV   26505   1988      91          N/A    4,637,000   09/18/98   UNDERWRITERS
072      1   Multifamily        AZUSA              CA   91702   1989      88          N/A    4,784,000   04/09/99   UNDERWRITERS
073      1   Industrial         ST LOUIS PARK      MN   55416   1968     N/A      180,684    6,120,000   05/15/98   MAI APPRAISAL
074      1   Multifamily        RIVERSIDE          OH   45431   1961     163      133,100    4,700,000   12/02/98   PROSPECTUS
075      1   Lodging            BOWLING GREEN      KY   42104   1997     N/A          N/A    5,600,000   05/06/99   PROSPECTUS
076      1   Multifamily        VICTORY GARDEN     NJ   07801   1975      82       58,275    4,500,000   01/12/99   PROSPECTUS
077      1   Multifamily        TEXAS CITY         TX   77590   1981     152          N/A    4,200,000   10/31/98   PROSPECTUS
078      1   Retail             GRAND HAVEN        MI   49417   1997     N/A       40,280    4,450,000   03/31/99   PROSPECTUS
079      1   Multifamily        ST LOUIS           MO   63108   1921     133          N/A    4,420,000   01/05/99   PROSPECTUS
079      2   Multifamily        ST LOUIS           MO   63108   N/A      N/A          N/A          N/A   N/A        N/A
080      1   Office             HIALEAH GARDENS    FL   33016   1978     N/A      161,800    4,580,000   03/12/99   PROSPECTUS
081      1   Retail             YARMOUTH           ME   04096   1900     N/A       46,355    4,509,000   03/04/99   UNDERWRITERS
082      1   Office             MIAMI              FL   33184   1990     N/A       33,875    4,500,000   01/07/99   PROSPECTUS
083      1   Office             CONCORD            NH   03301   1980     N/A      163,824    4,818,000   04/06/99   UNDERWRITERS
084      1   Office             GERMANTOWN         MD   20874   1990     N/A       50,159    4,141,000   04/13/99   UNDERWRITERS
085      1   Multifamily        RANCHO CORDOVA     CA   95670   1979     112       94,400    5,131,000   02/26/99   UNDERWRITERS
086      1   Office             NEEDHAM            MA   02194   1954       5       39,928    4,500,000   04/28/99   PROSPECTUS
087      1   Multifamily        LANCASTER          CA   93536   1989      70       76,380    3,690,000   11/05/98   UNDERWRITERS
088      1   Retail             ARDMORE            PA   19003   1998     N/A       11,740    3,800,000   12/01/98   PROSPECTUS
089      1   Multifamily        DEER PARK          TX   77536   1972     216          N/A    4,349,000   12/29/98   UNDERWRITERS
090      1   Multifamily        TUKWILA            WA   98188   1978      81          N/A    3,950,000   02/12/99   MAI APPRAISAL
091      1   Multifamily        WATERVILLE         ME   04901   1973     132          N/A    3,531,000   02/24/99   UNDERWRITERS
092      1   Industrial         SAN LEANDRO        CA   94577   1957     N/A       85,416    4,138,000   03/23/99   UNDERWRITERS
093      1   Lodging            NEW ULM            MN   56073   1981     N/A          N/A    4,139,000   04/22/99   UNDERWRITERS
094      1   Retail             MONSEY             NY   10952   1955     N/A       31,975    4,400,000   01/21/99   PROSPECTUS
095      1   Office             SILVERDALE         WA   98383   1993     N/A       42,274    3,856,000   12/08/98   UNDERWRITERS
096      1   Retail             SAVANNAH           GA   31406   1958     N/A       62,913    3,950,000   09/20/98   PROSPECTUS
097      1   Retail             BRATTLEBORO        VT   05301   1972     N/A      136,003    3,841,000   10/01/98   UNDERWRITERS
098      1   Retail             SANTA MARIA        CA   93454   1998     N/A       24,197    3,541,000   04/05/99   UNDERWRITERS
099      1   Multifamily        VENICE             CA   90291   1913      58          N/A    3,500,000   08/20/98   PROSPECTUS
100      1   Manufactured       MULLICA TOWNSHIP   NJ   08215   1986      90          N/A    3,515,000   12/22/98   UNDERWRITERS
101      1   Multifamily        KANSAS CITY        MO   64114   1972      90       90,700    3,444,000   06/15/99   UNDERWRITERS
102      1   Retail             TALLAHASSEE        FL   32301   1987     N/A       76,476    3,405,000   09/28/98   UNDERWRITERS
103      1   Office             BURBANK            CA   91505   1974     N/A       23,078    3,619,000   02/18/99   UNDERWRITERS
104      1   Self Storage       HILLSBOROUGH       NJ   08876   1980     629       61,150    5,500,000   05/15/99   UNDERWRITERS
105      1   Multifamily        OKLAHOMA CITY      OK   73159   1971     192      144,000    3,504,000   05/26/99   UNDERWRITERS
106      1   Multifamily        KINGSVILLE         TX   78363   1985     119       97,776    3,221,000   04/28/99   UNDERWRITERS
107      1   Industrial         MOORPARK           CA   93021   1985     N/A       29,622    1,902,000   11/12/98   UNDERWRITERS
108      1   Industrial         MOORPARK           CA   93021   1988     N/A       20,803    1,262,000   10/02/98   UNDERWRITERS
109      1   Multifamily        ST LOUIS           MO   63112   1908      53       53,140    2,920,000   12/15/98   PROSPECTUS
110      1   Multifamily        SAN ANTONIO        TX   78242   1963     152      105,888    2,904,000   04/08/99   UNDERWRITERS
111      1   Retail             BURLINGTON         NJ   08016   1999     N/A       46,378    3,150,000   04/21/99   PROSPECTUS
112      1   Multifamily        BAYTOWN            TX   77520   1984     138      135,492    3,000,000   02/25/99   UNDERWRITERS
113      1   Office             EDEN PRAIRIE       MN   55344   1998     N/A       17,583    3,350,000   11/01/98   MAI APPRAISAL
114      1   Multifamily        NORMAN             OK   73072   1984     128       69,440    2,900,000   11/03/98   MAI APPRAISAL
115      1   Retail             EAST ORANGE        NJ   07018   1988     N/A       47,900    3,350,000   08/25/98   PROSPECTUS
116      1   Warehouse          ROMULUS            MI   48180   1997     N/A          N/A          N/A   N/A        N/A
116      2   Industrial         TAYLOR             MI   48180   1978     N/A       69,615    2,830,000   09/24/98   PROSPECTUS
117      1   Retail             PEORIA             AZ   85382   1998     N/A       13,714    3,000,000   04/01/99   PROSPECTUS
118      1   Multifamily        FORT WORTH         TX   76116   1983      60       64,280    2,820,000   01/21/99   MAI APPRAISAL
119      1   Retail             RIALTO             CA   92376   1989     N/A       52,684    4,000,000   02/04/99   PROSPECTUS
120      1   Retail             LEXINGTON          NC   27292   1969      20       82,155    3,000,000   03/01/99   PROSPECTUS
121      1   Office             MEDFORD            OR   97504   1965     N/A       27,639    3,109,000   10/22/99   UNDERWRITERS
122      1   Multifamily        VESTAL             NY   13850   1968     185          N/A    3,700,000   02/25/99   PROSPECTUS
123      1   Retail             DEPTFORD           NJ   08096   1984     N/A       25,600    3,200,000   03/02/99   PROSPECTUS
124      1   Multifamily        DEVON              PA   19087   1850      63          N/A    2,677,000   10/19/98   UNDERWRITERS
125      1   Multifamily        ATLANTA            GA   30329   1965      64          N/A    2,650,000   06/24/98   PROSPECTUS
126      1   Office             SILVER SPRINGS     MD   20904   1966     N/A       21,919    2,800,000   03/04/99   PROSPECTUS
127      1   Retail             SAN DIEGO          CA   92120   1980     N/A       25,485    2,870,000   09/03/98   PROSPECTUS
128      1   Retail             LAGUNA BEACH       CA   92651   1937     N/A        6,213    2,790,000   04/08/99   UNDERWRITERS
</TABLE>

                                   Page - 37
<PAGE>
<TABLE>
<CAPTION>
ASSET   PROP                                                    YEAR                         PROPERTY    VALUATION  VALUATION
 NO     NO   PROPERTY TYPE      CITY             STATE   ZIP    BUILT   UNITS      NET SF     VALUE        DATE       SOURCE
<S>     <C>  <C>                <C>               <C>   <C>     <C>    <C>        <C>       <C>          <C>        <C>
129      1   Multifamily        BLAKELY            PA   18447   1977     100          N/A    2,675,000   12/21/98   PROSPECTUS
130      1   Industrial         WASHINGTON         NJ   08012   1998     N/A       31,900    2,500,000   10/30/98   UNDERWRITERS
131      1   Self Storage       OCEAN SPRINGS      MS   39564   1994     614       66,526    2,689,000   11/19/98   UNDERWRITERS
132      1   Multifamily        LACEY              WA   98503   1983     105       62,525    2,500,000   07/28/98   PROSPECTUS
133      1   Multifamily        HOUSTON            TX   77072   1985      72      100,934    2,450,000   10/08/97   PROSPECTUS
134      1   Multifamily        VALDOSTA           GA   31602   1985      96       96,320    2,463,000   11/30/98   UNDERWRITERS
135      1   Retail             SAUSALITO          CA   94965   1925     N/A        6,192    3,100,000   11/11/98   PROSPECTUS
136      1   Multifamily        HOUMA              LA   70364   1972     108       78,880    2,405,000   09/28/98   UNDERWRITERS
137      1   Multifamily        BELLFLOWER         CA   90706   1962     107       81,188    3,599,000   04/07/99   UNDERWRITERS
138      1   Self Storage       NORMAN             OK   73072   1995     718       80,100    2,531,000   03/26/99   UNDERWRITERS
139      1   Retail             SAN FRANCISCO      CA   93401   1927     N/A       10,190    3,020,000   12/02/98   PROSPECTUS
140      1   Office             FALLS CHURCH       VA   22042   1964     N/A       46,641    2,658,000   02/22/99   UNDERWRITERS
141      1   Multifamily        SHERMAN            TX   75092   1977     140      109,040    2,368,000   03/24/99   UNDERWRITERS
142      1   Lodging            ANDERSON           SC   29625   1992     N/A          N/A    2,825,000   01/22/99   PROSPECTUS
143      1   Retail             PEWAUKEE           WI   53072   1997     N/A       13,956    3,400,000   10/01/98   PROSPECTUS
143      2   Retail             KENOSHA            WI   53072   1998     N/A          N/A          N/A   N/A        N/A
144      1   Lodging            MARY ESTHER        FL   32569   1997     N/A          N/A    3,060,000   03/23/99   PROSPECTUS
145      1   Multifamily        COLORADO SPRINGS   CO   80910   1968      92       57,167    2,500,000   08/13/98   PROSPECTUS
146      1   Office             FALMOUTH           ME   04105   1977     N/A       32,520    2,504,000   08/17/98   UNDERWRITERS
147      1   Office             STERLING           VA   20165   1990     N/A       14,066    2,285,000   02/26/99   UNDERWRITERS
148      1   Mixed Use          ALBUQUERQUE        NM   87102   1951     N/A       24,280    2,650,000   09/16/98   PROSPECTUS
149      1   Self Storage       LOCKHART           TX   78644   1986     572          N/A    1,434,000   04/02/99   UNDERWRITERS
149      2   Self Storage       SAN MARCOS         TX   78666   1985     262          N/A    1,016,000   04/02/99   UNDERWRITERS
150      1   Retail             KNOXVILLE          TN   37919   1990     N/A       36,000    2,350,000   09/17/98   UNDERWRITERS
151      1   Multifamily        WACO               TX   76710   1974     144      129,916    2,350,000   11/03/98   UNDERWRITERS
152      1   Retail             ALBUQUERQUE        NM   87108   1970     N/A       89,375    2,852,000   05/24/99   UNDERWRITERS
153      1   Lodging            COLUMBIA           MO   65201   1986     N/A          N/A    2,586,000   11/10/98   UNDERWRITERS
154      1   Multifamily        BROWNSVILLE        TX   78521   1984     117          N/A    2,350,000   01/27/99   MAI APPRAISAL
155      1   Retail             SPRINGFIELD        OR   97478   1980     N/A       61,486    2,612,000   04/21/99   UNDERWRITERS
156      1   Manufactured       CALUMET PARK       IL   60643   1958      98          N/A    2,425,000   10/21/98   UNDERWRITERS
157      1   Retail             HANOVER            PA   18002   1998     N/A       11,050    2,097,000   02/24/99   UNDERWRITERS
158      1   Manufactured       HOBE SOUND         FL   33455   1955     127          N/A    2,300,000   03/09/99   PROSPECTUS
159      1   Retail             SCOTTSDALE         AZ   85259   1988     N/A       16,014    2,343,000   10/08/98   UNDERWRITERS
160      1   Multifamily        EL DORADO          CA   95623   1988      48          N/A    2,475,000   03/04/99   UNDERWRITERS
161      1   Multifamily        MILLCREEK          PA   16506   1997      27          N/A    2,070,000   10/06/98   MAI APPRAISAL
162      1   Retail             BLADENSBURG        MD   20710   1990     N/A       25,137    2,500,000   06/12/98   PROSPECTUS
163      1   Office             EDWARDS            CO   81632   1997     N/A       10,618    2,169,000   01/28/99   UNDERWRITERS
164      1   Lodging            HUTCHINSON         KS   67501   1981     N/A          N/A    2,097,174   05/11/99   UNDERWRITERS
165      1   Multifamily        FT LAUDERDALE      FL   33301   1960      13       10,985    1,950,000   03/24/99   PROSPECTUS
166      1   Retail             TAMPA              FL   33606   1986     N/A       20,464    2,125,000   02/15/99   PROSPECTUS
167      1   Multifamily        MAYBROOK           NY   12543   1973      60          N/A    2,078,000   09/10/98   UNDERWRITERS
168      1   Retail             REXBURG            ID   83440   1999     N/A       24,000    2,200,000   03/01/99   PROSPECTUS
169      1   Office             SEATTLE            WA   98121   1925     N/A       20,565    2,750,000   08/05/98   PROSPECTUS
170      1   Warehouse          COLORADO SPRINGS   CO   80906   1996     N/A       42,636    2,052,000   03/29/99   UNDERWRITERS
171      1   Industrial         WALLINGFORD        CT   06492   1990     N/A       24,982    1,919,000   03/22/99   UNDERWRITERS
172      1   Multifamily        DALLAS             TX   75227   1982      71          N/A    1,346,000   03/17/99   UNDERWRITERS
173      1   Multifamily        DALLAS             TX   75227   1984      26          N/A      630,000   03/17/99   UNDERWRITERS
174      1   Retail             FREDERICK          MD   21702   1950     N/A       16,618    2,025,000   06/08/98   PROSPECTUS
174      2   Retail             FREDERICK          MD   21702   1981     N/A          N/A          N/A   N/A        N/A
174      3   Retail             FREDERICK          MD   21702   1984     N/A          N/A          N/A   N/A        N/A
175      1   Self Storage       HESPERIA           CA   92345   1989     N/A       70,629    1,970,000   03/09/99   PROSPECTUS
176      1   Retail             SMITHTOWN          NY   11787   1998     N/A       10,125    2,000,000   02/01/99   PROSPECTUS
177      1   Multifamily        DEL CITY           OK   73135   1969     157          N/A    1,883,000   11/02/98   UNDERWRITERS
178      1   Multifamily        UPPER DARBY        PA   19082   1935      74          N/A    1,777,000   11/19/98   UNDERWRITERS
179      1   Self Storage       YUMA               AZ   85364   1985     459          N/A    1,892,000   04/06/99   UNDERWRITERS
180      1   Multifamily        BATON ROUGE        LA   70806   1970     191          N/A    1,830,000   03/16/99   UNDERWRITERS
180      2   Multifamily        BATON ROUGE        LA   70806   1970     N/A          N/A          N/A   N/A        N/A
181      1   Multifamily        ATLANTA            GA   30306   1965      40          N/A    1,800,000   09/14/98   PROSPECTUS
182      1   Retail             BUFFALO            NY   14206   1974     N/A      110,680    2,109,000   04/14/99   UNDERWRITERS
183      1   Multifamily        MORGANTOWN         WV   26505   1990      36       32,112    1,688,000   09/18/98   UNDERWRITERS
184      1   Multifamily        COLUMBIA           MO   65203   1996      20          N/A    1,637,000   03/24/99   UNDERWRITERS
185      1   Lodging            DODGE CITY         KS   67801   1980     N/A          N/A    1,800,036   05/11/99   UNDERWRITERS
186      1   Multifamily        COLUMBUS           OH   43229   1982      66          N/A    1,710,000   04/15/98   PROSPECTUS
187      1   Office             SANDY              UT   84094   1978     N/A       25,351    1,692,620   03/04/99   UNDERWRITERS
188      1   Office             Lebanon            NH   03784   1989     N/A       20,898    1,604,000   11/01/98   UNDERWRITERS
189      1   Manufactured       SOMERVILLE         NJ   08876   1950      55          N/A    1,900,000   05/22/98   PROSPECTUS
190      1   Retail             HOUSTON            TX   77059   1980     N/A       24,159    2,400,000   09/09/98   PROSPECTUS
191      1   Retail             HOUSTON            TX   77024   1985     N/A       10,406    1,665,000   12/29/98   PROSPECTUS
192      1   Manufactured       SELMA              NC   27576   1995      81          N/A    1,700,000   09/17/98   PROSPECTUS
193      1   Multifamily        AUSTIN             TX   78704   1983      62          N/A    1,700,000   07/22/98   PROSPECTUS
194      1   Office             FALLS CHURCH       VA   22042   1967     N/A       24,473    1,664,000   02/25/99   UNDERWRITERS
195      1   Multifamily        ATHENS             TX   75751   1984      65       48,368    1,420,000   03/24/99   PROSPECTUS
</TABLE>

                                   Page - 38
<PAGE>
<TABLE>
<CAPTION>
ASSET   PROP                                                    YEAR                         PROPERTY    VALUATION  VALUATION
 NO     NO   PROPERTY TYPE      CITY             STATE   ZIP    BUILT   UNITS      NET SF     VALUE        DATE       SOURCE
<S>     <C>  <C>                <C>               <C>   <C>     <C>    <C>        <C>       <C>          <C>        <C>
196      1   Office             WASHINGTON         DC   20002   1986     N/A        3,490      537,000   09/15/98   UNDERWRITERS
197      1   Office             WASHINGTON         DC   20002   1987     N/A        3,475      547,000   09/15/98   UNDERWRITERS
198      1   Office             WASHINGTON         DC   20002   1986     N/A        3,490      522,000   10/14/98   UNDERWRITERS
199      1   Multifamily        LONGVIEW           TX   75602   1966     100          N/A    1,500,000   04/24/99   PROSPECTUS
199      2   Multifamily        KILGORE            TX   75662   1983     N/A          N/A          N/A   N/A        N/A
200      1   Multifamily        HURRICANE          WV   25526   1984      66          N/A    1,700,000   04/08/98   PROSPECTUS
201      1   Office             MINNEAPOLIS        MN   55401   1908     N/A       23,838    1,552,000   09/29/98   UNDERWRITERS
202      1   Industrial         WESTLAND           MI   48186   1985     N/A       40,000    1,475,000   02/11/99   PROSPECTUS
203      1   Multifamily        FALL RIVER         MA   02720   1985      34       20,529    1,350,000   07/01/98   PROSPECTUS
204      1   Warehouse          BROOKLYN           NY   11205   1948     N/A       45,300    1,475,000   07/03/98   PROSPECTUS
205      1   Multifamily        MARRIETTA          OH   45740   1981      69          N/A    1,450,000   04/08/98   PROSPECTUS
206      1   Multifamily        IRVING             TX   75061   1971      85          N/A    1,356,000   04/01/99   UNDERWRITERS
207      1   Multifamily        WASHINGTON         DC   20036   1900      10        8,000    1,360,000   03/04/99   PROSPECTUS
208      1   Multifamily        CASSELBERRY        FL   32707   1979      64          N/A    1,550,000   02/09/99   PROSPECTUS
209      1   Multifamily        OAK PARK HEIGHTS   MN   55082   1964      45       32,970    1,437,000   02/25/99   UNDERWRITERS
210      1   Multifamily        LANTANA            FL   33462   1969      42          N/A    1,366,000   03/30/99   UNDERWRITERS
211      1   Multifamily        PEMBERTON          NJ   08068   1964      56       41,776    1,950,000   10/06/98   PROSPECTUS
212      1   Office             CORPUS CHRISTI     TX   78468   1973     N/A      107,205    2,479,000   10/17/98   UNDERWRITERS
213      1   Office             COLORADO SPRINGS   CO   80918   1982     N/A       15,491    1,326,000   04/21/99   UNDERWRITERS
214      1   Retail             TAMPA              FL   33612   1989     N/A       27,330    1,500,000   03/02/99   MAI APPRAISAL
215      1   Office             THE WOODLANDS      TX   77380   1985     N/A       22,783    1,500,000   01/10/99   PROSPECTUS
216      1   Multifamily        GALVESTON          TX   77550   1973      57          N/A    1,440,000   07/09/98   PROSPECTUS
216      2   Multifamily        GALVESTON          TX   77550   N/A      N/A          N/A          N/A   N/A        N/A
217      1   Office             BEDFORD            NH   03110   1988     N/A       17,033    1,038,000   01/22/99   UNDERWRITERS
218      1   Multifamily        PLANT CITY         FL   33549   1986      44       36,171    1,300,000   10/07/98   PROSPECTUS
219      1   Multifamily        STERLING           CO   80751   1965      54       30,228    1,260,000   04/08/99   PROSPECTUS
220      1   Multifamily        LUFKIN             TX   75904   1978      60       40,280    1,235,000   09/23/98   PROSPECTUS
221      1   Multifamily        LAFAYETTE          LA   70503   1965      60       38,020    1,350,000   09/03/98   PROSPECTUS
222      1   Office             LINCOLNWOOD        IL   60646   1978     N/A       16,445    1,325,000   08/08/98   PROSPECTUS
223      1   Multifamily        PHILADELPHIA       PA   19188   1925      69          N/A    1,250,000   02/01/99   PROSPECTUS
224      1   Multifamily        BELLVILLE          TX   77418   1982      76          N/A    1,146,000   02/25/99   UNDERWRITERS
225      1   Office             UPPER DARBY        PA   19082   1958     N/A       23,298    1,350,000   06/23/98   PROSPECTUS
226      1   Manufactured       VAN METER          IA   50038   1970      80          N/A    1,128,000   03/25/99   UNDERWRITERS
227      1   Multifamily        PANORAMA           TX   77304   1987      16       19,200    1,060,000   12/02/98   PROSPECTUS
228      1   Multifamily        ENON               OH   45323   1982      48       25,344    1,130,000   04/15/98   PROSPECTUS
229      1   Retail             HOUSTON            TX   77095   1995     N/A        9,076    1,450,000   03/03/99   PROSPECTUS
230      1   Office             CORNING            NY   14830   1974     N/A        5,830    1,019,000   05/27/98   UNDERWRITERS
231      1   Multifamily        HOUSTON            TX   77015   1970      56       39,032      980,000   06/26/98   PROSPECTUS
232      1   Warehouse          NORTH MIAMI        FL   33168   1976     N/A       22,500      925,000   01/06/99   PROSPECTUS
233      1   Multifamily        CLYDE              OH   43055   1995      28       21,488      930,000   07/14/98   PROSPECTUS
234      1   Multifamily        LAFAYETTE          LA   70503   1972      43          N/A      950,000   09/03/98   PROSPECTUS
234      2   Multifamily        LAFAYETTE          LA   70503   N/A      N/A          N/A          N/A   N/A        N/A
234      3   Multifamily        LAFAYETTE          LA   70503   N/A      N/A          N/A          N/A   N/A        N/A
234      4   Multifamily        LAFAYETTE          LA   70503   N/A      N/A          N/A          N/A   N/A        N/A
235      1   Multifamily        IRVING             TX   75061   1966      32          N/A      731,000   03/24/99   UNDERWRITERS
236      1   Multifamily        HOUSTON            TX   77061   1970      49       35,854      750,000   11/03/97   PROSPECTUS
237      1   Multifamily        ROSLINDALE         MA   02131   1990      12       10,800      675,000   05/05/98   PROSPECTUS
238      1   Warehouse          NORTH PLAINFIELD   NJ   07060   1954     N/A       16,994      842,000   07/23/98   UNDERWRITERS
239      1   Multifamily        JERSEY CITY        NJ   07307   1940      16          N/A      678,000   01/06/98   PROSPECTUS
240      1   Multifamily        EL MONTE           CA   91732   1961      13       11,911      590,000   03/13/98   PROSPECTUS
241      1   Multifamily        MIAMI              FL   33130   1954      24       12,720      700,000   12/01/97   PROSPECTUS
242      1   Multifamily        HOUSTON            TX   77099   1983      24       24,672      560,000   03/13/98   PROSPECTUS

</TABLE>

                                   Page - 39
<PAGE>
                 MIDLAND LOAN SERVICES, L.P. - Master Servicer
             Loan Portfolio Analysis System - Property Performance
                    PORTFOLIO: COMM MTGE ACCEPT CORP 1999 C1
                        REPORTING PERIOD: November, 1999
                            DATE PRINTED: 16-Nov-99
<TABLE>
<CAPTION>
                BASELINE OR                                                YTD        YTD
 ASSET     PROP MOST RECENT   NOI                            MOST RECENT  PERIOD     PERIOD                       PERCENT
  NO       NO   ANNUAL NOI   AS OF     NOI SOURCE              YTD NOI    BEGIN      ENDING     YTD NOI SOURCE    OCCUPIED   AS OF
<S>        <C> <C>          <C>        <C>                   <C>          <C>        <C>        <C>                <C>     <C>
001        1    4,340,859       --     UNDERWRITER            2,224,158   1/1/99     6/30/99    BORROWER            99.9%   7/16/99
002        1    3,095,266       --     UNDERWRITER                  N/A   N/A        N/A        N/A                 98.0%   1/28/99
003        1      567,084       --     UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%    6/1/99
003        2      619,486       --     UNDERWRITER              264,763   1/1/99     7/31/99    BORROWER           100.0%    6/1/99
003        3      313,052       --     UNDERWRITER              204,255   1/1/99     7/31/99    BORROWER           100.0%    6/1/99
003        4      295,556       --     UNDERWRITER              165,845   1/1/99     7/31/99    BORROWER           100.0%    6/1/99
003        5      178,463       --     UNDERWRITER               99,142   1/1/99     7/31/99    BORROWER           100.0%    6/1/99
003        6      176,448       --     UNDERWRITER              104,194   1/1/99     7/31/99    BORROWER           100.0%    6/1/99
004        1    2,101,035       --     UNDERWRITER            1,475,961   1/1/99     6/30/99    BORROWER           100.0%   7/23/99
005        1    1,796,598       --     UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%   2/19/99
006        1      684,405   12/31/98   PROSPECTUS                   N/A   N/A        N/A        N/A                100.0%   5/11/99
007        1      192,254   12/31/98   PROSPECTUS                   N/A   N/A        N/A        N/A                100.0%    6/1/99
008        1      307,383   12/31/98   PROSPECTUS                   N/A   N/A        N/A        N/A                100.0%   5/11/99
009        1    1,172,628       --     UNDERWRITER              564,392   1/1/99     6/30/99    BORROWER            98.0%   1/31/99
010        1    1,203,266       --     UNDERWRITER              829,247   2/1/99     9/30/99    BORROWER            99.7%   9/22/99
011        1    1,101,606       --     UNDERWRITER              541,240   1/1/99     6/30/99    BORROWER            98.7%    8/5/99
012        1      731,400       --     UNDERWRITER              931,259   5/1/98     3/31/99    BORROWER            99.6%   4/20/99
013        1    1,046,373       --     UNDERWRITER              766,624   2/1/99     9/30/99    BORROWER            94.9%   9/21/99
014        1    1,084,888       --     UNDERWRITER                  N/A   N/A        N/A        N/A                 83.0%   3/19/99
015        1      547,702       --     UNDERWRITER              584,801   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
016        1      683,171       --     UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%   3/29/99
017        1      892,853       --     UNDERWRITER              123,447   4/28/99    6/30/99    BORROWER           100.0%   6/30/99
018        1      948,246       --     UNDERWRITER              254,472   4/1/99     6/30/99    BORROWER           100.0%    8/6/99
019        1      778,748       --     UNDERWRITER                  N/A   N/A        N/A        N/A                 91.7%   6/15/99
020        1    1,221,393       --     UNDERWRITER              869,522   1/1/99     9/30/99    BORROWER            74.0%   9/30/99
021        1      853,005       --     UNDERWRITER              575,074   1/1/99     6/30/99    BORROWER           100.0%   7/22/99
022        1      835,407       --     UNDERWRITER              435,086   1/1/99     6/30/99    BORROWER            81.2%   6/30/99
023        1      702,431       --     UNDERWRITER              360,609   1/1/99     6/30/99    BORROWER            90.6%   6/30/99
024        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%    3/9/99
025        1      496,477       --     UNDERWRITER              194,751   1/1/99     3/31/99    BORROWER            91.7%   6/30/99
026        1          N/A   N/A        N/A                      198,630   4/1/99     6/30/99    BORROWER           100.0%    8/6/99
027        1      705,124       --     UNDERWRITER              323,957   1/1/99     6/30/99    BORROWER            98.7%   7/20/99
028        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%    3/1/98
029        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 99.0%   2/25/99
030        1      932,618       --     UNDERWRITER              440,490   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
031        1      802,324       --     UNDERWRITER                  N/A   N/A        N/A        N/A                 96.0%   4/21/99
032        1      709,119       --     UNDERWRITER                  N/A   N/A        N/A        N/A                 93.0%    3/1/99
033        1      259,319       --     UNDERWRITER                  N/A   N/A        N/A        N/A                 93.0%    4/8/99
034        1      655,195       --     UNDERWRITER              301,734   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
035        1      858,526       --     UNDERWRITER                  N/A   N/A        N/A        N/A                 97.0%   4/30/99
036        1      569,343       --     UNDERWRITER              392,785   1/1/99     9/30/99    BORROWER           100.0%   8/31/99
037        1      796,307       --     UNDERWRITER              333,028   2/1/99     7/31/99    N/A                100.0%   7/30/99
038        1      706,480       --     UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%   3/26/99
039        1      586,612       --     UNDERWRITER              310,880   1/1/99     6/30/99    BORROWER            90.0%   6/30/99
040        1      563,625       --     UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%   4/15/99
041        1          N/A   N/A        N/A                      103,024   4/1/99     6/30/99    BORROWER           100.0%   4/15/99
041        2          N/A   N/A        N/A                       57,724   4/1/99     6/30/99    BORROWER           100.0%   7/21/99
042        1          N/A   N/A        N/A                      492,610   1/1/99     9/30/99    BORROWER           100.0%   9/30/99
043        1      575,289       --     UNDERWRITER              493,752   1/1/99     9/30/99    BORROWER           100.0%    2/1/99
044        1      655,462       --     UNDERWRITER              420,260   1/1/98     9/30/98    UNDERWRITER        100.0%  12/31/98
045        1      746,434       --     UNDERWRITER              464,159   1/1/99     6/30/99    BORROWER           100.0%   6/28/99
</TABLE>

                                   Page - 40
<PAGE>
<TABLE>
<CAPTION>
                BASELINE OR                                                YTD        YTD
 ASSET     PROP MOST RECENT   NOI                            MOST RECENT  PERIOD     PERIOD                       PERCENT
  NO       NO   ANNUAL NOI   AS OF     NOI SOURCE              YTD NOI    BEGIN      ENDING     YTD NOI SOURCE    OCCUPIED   AS OF
<S>        <C> <C>          <C>        <C>                   <C>          <C>        <C>        <C>                <C>     <C>
046        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 89.0%    5/1/99
047        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%   4/23/99
047        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
047        3          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
048        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%    2/3/99
049        1      535,581   N/A        UNDERWRITER              284,449   1/1/99     6/30/99    BORROWER            88.5%   6/30/99
050        1      921,295   12/31/98   BORROWER                     N/A   N/A        N/A        N/A                 90.0%   12/1/98
051        1      852,650   12/31/98   PROSPECTUS               383,077   1/1/99     6/30/99    BORROWER            83.8%   6/30/99
052        1      739,078   2/28/99    PROSPECTUS                   N/A   N/A        N/A        N/A                 95.0%    5/1/99
053        1      753,552   12/31/98   PROSPECTUS                   N/A   N/A        N/A        N/A                 98.0%   3/10/99
054        1      596,738   N/A        UNDERWRITER              262,640   1/1/99     6/30/99    BORROWER            94.3%   6/30/99
055        1      429,446   12/31/97   PROSPECTUS               251,950   1/1/99     6/30/99    BORROWER             N/A    6/30/99
056        1      635,941   N/A        UNDERWRITER              332,703   1/1/99     6/30/99    BORROWER           100.0%   4/13/99
057        1      406,500   12/31/98   BORROWER                 246,302   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
058        1          N/A   N/A        N/A                      250,647   1/1/99     6/30/99    BORROWER            92.1%   6/30/99
059        1      505,609   N/A        UNDERWRITER              257,334   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
060        1      590,184   N/A        UNDERWRITER              238,404   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
061        1      645,497   12/31/98   PROSPECTUS               276,598   1/1/99     6/30/99    BORROWER            83.0%    8/4/99
062        1      398,861   12/31/98   BORROWER                 184,004   1/1/99     4/30/99    BORROWER           100.0%    4/1/99
063        1          N/A   N/A        N/A                      105,811   4/1/99     6/30/99    BORROWER            94.7%   6/27/99
064        1      370,872   2/28/99    PROSPECTUS                   N/A   N/A        N/A        N/A                100.0%   5/12/99
065        1      595,650   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%   2/22/99
066        1      477,212   N/A        UNDERWRITER              182,440   1/1/99     3/31/99                       100.0%    1/1/99
067        1      108,047   N/A        UNDERWRITER               82,587   10/1/98    6/30/99    BORROWER           100.0%    1/1/99
068        1      536,660   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%  12/24/98
069        1      482,492   N/A        UNDERWRITER              315,486   1/1/99     8/31/99    BORROWER            89.0%    1/6/99
070        1      318,090   N/A        UNDERWRITER              234,144   1/1/99     6/30/99    BORROWER           100.0%   3/31/99
071        1      781,271   12/31/98   BORROWER                 245,968   1/1/99     6/30/99    BORROWER           100.0%   7/28/99
072        1      395,898   N/A        UNDERWRITER               92,574   5/1/99     6/30/99    BORROWER           100.0%   6/30/99
073        1      533,768   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%   3/17/99
074        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 98.0%   2/18/99
075        1          N/A   N/A        N/A                      234,838   1/1/99     6/30/99    BORROWER            80.3%   6/30/99
076        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 99.0%   2/17/99
077        1          N/A   N/A        N/A                      228,647   1/1/99     6/30/99    BORROWER            92.1%   6/30/99
078        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 96.0%   4/12/99
079        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 97.0%   3/19/99
079        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
080        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 89.0%    3/1/99
081        1      414,817   N/A        UNDERWRITER              231,199   1/1/99     6/30/99    BORROWER            94.7%   6/30/99
082        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%    3/1/99
083        1      364,051   12/31/98   BORROWER                 204,426   1/1/99     6/30/99    BORROWER            89.8%   9/30/99
084        1      437,149   N/A        UNDERWRITER              114,806   1/1/99     3/31/99    BORROWER           100.0%   10/8/99
085        1      394,114   N/A        UNDERWRITER              123,434   3/1/99     6/30/99    BORROWER            97.9%   7/27/99
086        1      375,349   12/31/98   BORROWER                 195,196   1/1/99     6/30/99    BORROWER           100.0%    7/1/99
087        1      381,104   N/A        UNDERWRITER              193,187   1/1/99     6/30/99    BORROWER           100.0%    7/1/99
088        1      327,545   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%  12/21/98
089        1      441,823   N/A        UNDERWRITER              319,906   1/1/99     6/30/99    BORROWER            96.0%   6/24/99
090        1      385,508   N/A        UNDERWRITER              102,825   1/1/99     6/30/99    BORROWER            88.0%    8/3/99
091        1      445,061   N/A        UNDERWRITER              143,989   1/1/99     6/30/99    BORROWER            89.0%   2/25/99
092        1      447,500   N/A        UNDERWRITER               99,933   1/1/99     3/31/99    BORROWER           100.0%   1/19/99
093        1      703,987   N/A        UNDERWRITER              355,921   4/1/99     9/30/99    BORROWER            58.9%   9/30/99
094        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%    3/4/99
095        1      443,463   12/31/98   BORROWER                 236,454   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
096        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 98.0%   12/1/98
097        1      462,569   12/31/98   BORROWER                 266,865   1/1/99     6/30/99    BORROWER            98.8%   6/30/99
098        1      295,757   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%    4/9/99
</TABLE>

                                   Page - 41
<PAGE>
<TABLE>
<CAPTION>
                BASELINE OR                                                YTD        YTD
 ASSET     PROP MOST RECENT   NOI                            MOST RECENT  PERIOD     PERIOD                       PERCENT
  NO       NO   ANNUAL NOI   AS OF     NOI SOURCE              YTD NOI    BEGIN      ENDING     YTD NOI SOURCE    OCCUPIED   AS OF
<S>        <C> <C>          <C>        <C>                   <C>          <C>        <C>        <C>                <C>     <C>
099        1      436,925   N/A        UNDERWRITER              100,266   4/1/99     6/30/99    BORROWER            98.0%   3/11/99
100        1      322,193   N/A        UNDERWRITER              174,434   1/1/99     6/30/99    BORROWER           100.0%   7/21/99
101        1      467,654   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 96.0%   4/19/99
102        1      534,258   12/31/98   BORROWER                 110,124   1/1/99     3/31/99    BORROWER           100.0%    5/1/99
103        1      396,763   N/A        UNDERWRITER              180,857   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
104        1      628,339   12/31/98   BORROWER                     N/A   N/A        N/A        N/A                 91.2%   3/29/99
105        1      347,472   N/A        UNDERWRITER              198,028   1/1/99     6/30/99    BORROWER            96.4%   6/30/99
106        1      360,923   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 95.8%    5/1/99
107        1      175,624   N/A        UNDERWRITER               68,400   9/1/98     12/31/98   BORROWER           100.0%  12/31/98
108        1      116,488   N/A        UNDERWRITER               48,616   9/1/98     12/31/98   BORROWER           100.0%    4/8/99
109        1      282,209   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 96.0%   1/22/99
110        1      152,475   N/A        UNDERWRITER               46,973   5/1/99     6/30/99    BORROWER            92.8%   6/30/99
111        1      313,517   7/1/99     N/A                          N/A   N/A        N/A        N/A                100.0%   7/15/99
112        1      280,690   N/A        UNDERWRITER              175,299   1/1/99     6/30/99    BORROWER            89.6%   6/30/99
113        1      288,717   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%   2/25/99
114        1      328,576   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 95.0%  12/18/98
115        1      320,267   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%  11/24/98
116        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
116        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%    5/3/99
117        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%   4/15/99
118        1      286,019   N/A        UNDERWRITER               66,938   3/1/99     6/30/99    BORROWER            95.0%   6/22/09
119        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 97.0%    5/1/99
120        1          N/A   N/A        N/A                      208,442   1/1/99     6/30/99    BORROWER            98.0%   6/30/99
121        1      343,383   12/31/98   BORROWER                 169,942   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
122        1      272,374   N/A        UNDERWRITER              418,362   1/1/99     6/30/99    BORROWER           100.0%   5/31/99
123        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%   3/15/99
124        1      260,873   12/31/98   BORROWER                  48,713   4/1/99     6/30/99    BORROWER           100.0%   7/19/09
125        1          N/A   N/A        N/A                      150,300   1/1/99     6/30/99    BORROWER            98.0%   8/14/99
126        1          N/A   N/A        N/A                       68,231   1/1/99     3/31/99    BORROWER           100.0%   3/31/99
127        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 97.0%   3/24/99
128        1      268,684   N/A        UNDERWRITER              200,655   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
129        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 90.0%    5/5/99
130        1      260,649   N/A        UNDERWRITER               59,795   1/1/99     3/31/99    BORROWER           100.0%    6/1/99
131        1      239,369   12/31/98   FILE                      83,874   7/1/99     9/30/99    BORROWER            95.0%   9/30/99
132        1      234,354   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 99.0%   2/23/99
133        1      280,410   N/A        UNDERWRITER              166,655   1/1/99     9/30/99    BORROWER            95.8%   9/25/99
134        1      307,934   N/A        UNDERWRITER               77,178   1/1/99     6/30/99    BORROWER            78.8%   6/30/99
135        1      276,450   7/1/99     N/A                          N/A   N/A        N/A        N/A                100.0%   7/15/99
136        1      281,753   N/A        UNDERWRITER              103,298   1/1/99     4/30/99    BORROWER            99.0%   4/30/99
137        1      419,475   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 96.3%    4/1/99
138        1      271,374   N/A        UNDERWRITER               68,722   1/1/99     3/31/99    BORROWER           100.0%    5/5/99
139        1      276,450   7/1/99     PROSPECTUS                   N/A   N/A        N/A        N/A                100.0%   2/22/99
140        1      335,503   N/A        UNDERWRITER               81,092   1/1/99     3/31/99    BORROWER           100.0%    4/1/99
141        1      188,502   N/A        UNDERWRITER              160,991   1/1/99     9/30/99    BORROWER            90.0%   9/25/99
142        1      416,607   12/31/98   PROSPECTUS                   N/A   N/A        N/A        N/A                 81.3%  12/31/98
143        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%   1/25/99
143        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
144        1      453,139   12/31/98   PROSPECTUS                   N/A   N/A        N/A        N/A                 66.0%  12/31/98
145        1          N/A   N/A        N/A                       59,279   4/1/99     6/30/99    BORROWER            94.6%   6/27/99
146        1      208,493   12/31/98   BORROWER                     N/A   N/A        N/A        N/A                100.0%   3/31/99
147        1      250,559   N/A        UNDERWRITER               67,537   1/1/99     3/31/99    BORROWER            98.7%   3/22/99
148        1      232,137   12/31/98   PROSPECTUS                   N/A   N/A        N/A        N/A                100.0%  12/31/98
149        1      127,691   N/A        UNDERWRITER               70,572   1/1/99     6/30/99    BORROWER            88.1%    7/1/99
149        2       86,388   N/A        UNDERWRITER               52,822   1/1/99     6/30/99    BORROWER            93.9%    7/1/99
150        1      209,960   N/A        UNDERWRITER              101,159   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
151        1      244,788   N/A        UNDERWRITER               35,957   12/1/98    12/31/98   BORROWER            96.0%   2/28/99
</TABLE>

                                   Page - 42
<PAGE>
<TABLE>
<CAPTION>
                BASELINE OR                                                YTD        YTD
 ASSET     PROP MOST RECENT   NOI                            MOST RECENT  PERIOD     PERIOD                       PERCENT
  NO       NO   ANNUAL NOI   AS OF     NOI SOURCE              YTD NOI    BEGIN      ENDING     YTD NOI SOURCE    OCCUPIED   AS OF
<S>        <C> <C>          <C>        <C>                   <C>          <C>        <C>        <C>                <C>     <C>
152        1      483,411   N/A        UNDERWRITER              102,818   1/1/99     3/31/99    BORROWER            96.0%    8/2/99
153        1      384,618   12/31/98   BORROWER                 261,194   1/1/99     9/30/99    BORROWER            74.9%   9/30/99
154        1      300,754   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 96.0%   5/11/99
155        1      233,638   N/A        UNDERWRITER              189,586   1/1/99     9/30/99    BORROWER            90.7%   10/8/99
156        1      218,520   N/A        UNDERWRITER               98,629   1/1/99     6/30/99    BORROWER            97.0%   6/25/99
157        1      191,950   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%   3/19/99
158        1      225,734   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 98.0%    6/3/99
159        1      374,260   12/31/98   BORROWER                 125,615   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
160        1      212,130   N/A        UNDERWRITER               80,911   1/1/99     3/31/99    BORROWER            92.9%    6/2/99
161        1      144,267   12/31/98   BORROWER                 119,826   1/1/99     6/30/99    BORROWER           100.0%   7/23/99
162        1      253,526   N/A        UNDERWRITER              151,487   1/1/99     6/30/99    BORROWER            94.0%    8/1/99
163        1      248,965   12/31/98   BORROWER                     N/A   N/A        N/A        N/A                100.0%    1/5/99
164        1      156,025   N/A        UNDERWRITER              230,396   1/1/99     9/30/99    BORROWER            67.5%   9/30/99
165        1      192,718   12/31/98   PROSPECTUS                   N/A   N/A        N/A        N/A                100.0%   5/25/99
166        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%   1/11/99
167        1      188,562   12/31/98   BORROWER                 110,460   1/1/99     6/30/99    BORROWER            98.3%   6/30/99
168        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%   4/13/99
169        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%    3/1/99
170        1      146,560   N/A        UNDERWRITER               87,769   1/1/99     6/30/99    BORROWER           100.0%   8/12/99
171        1      215,736   N/A        UNDERWRITER               59,240   4/1/99     6/30/99    BORROWER           100.0%   6/30/99
172        1      130,137   N/A        UNDERWRITER               92,304   1/1/99     6/30/99    BORROWER           100.0%   6/21/99
173        1       59,021   N/A        UNDERWRITER               44,465   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
174        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%   3/24/99
174        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
174        3          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
175        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 93.0%   2/28/99
176        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%    3/1/98
177        1      237,553   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 87.0%  12/31/98
178        1      193,480   N/A        UNDERWRITER               47,215   1/1/99     3/31/99    BORROWER            95.9%    6/1/99
179        1      203,079   N/A        UNDERWRITER              105,845   5/1/99     9/30/99    BORROWER            94.3%   10/1/99
180        1      220,246   N/A        UNDERWRITER               26,807   1/1/99     6/30/99    BORROWER            96.9%   7/30/99
180        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
181        1          N/A   N/A        N/A                       99,733   1/1/99     6/30/99    BORROWER           100.0%   7/23/99
182        1      285,853   N/A        UNDERWRITER              155,144   1/1/99     6/30/99    CPA                 81.0%   4/14/99
183        1      172,984   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%    2/2/99
184        1      154,069   N/A        UNDERWRITER               39,374   1/1/99     3/1/99     BORROWER           100.0%   4/19/99
185        1      303,500   12/31/98   BORROWER                 211,657   1/1/99     9/30/99    BORROWER            69.7%   9/30/99
186        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 88.0%    2/1/99
187        1      186,622   N/A        UNDERWRITER               33,919   1/1/99     6/30/99    BORROWER            95.4%   3/29/99
188        1       56,481   N/A        UNDERWRITER              123,046   1/1/99     6/30/99    BORROWER           100.0%    7/1/99
189        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 84.0%    3/1/99
190        1          N/A   N/A        N/A                      152,330   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
191        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%   4/12/99
192        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%    9/1/98
193        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 97.0%   2/28/99
194        1      168,104   N/A        UNDERWRITER               46,958   1/1/99     3/31/99    BORROWER            93.0%   4/21/99
195        1      169,416   7/31/98    PROSPECTUS               180,665   8/1/98     4/1/99     PROSPECTUS          97.0%    2/1/99
196        1       64,197   12/31/98   BORROWER                  38,622   1/1/99     9/30/99    BORROWER           100.0%  10/14/99
197        1       49,804   12/31/98   BORROWER                  39,101   1/1/99     9/30/99    BORROWER           100.0%  10/14/99
198        1       60,909   12/31/98   BORROWER                  40,716   1/1/99     9/30/99    BORROWER           100.0%   9/30/99
199        1          N/A   N/A        N/A                       49,357   6/1/99     8/31/99    BORROWER            88.0%   8/25/99
199        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
200        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 92.0%    2/1/99
201        1      170,569   12/31/98   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/31/98
202        1      165,319   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%    2/3/99
203        1      161,858   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%   8/17/98
</TABLE>

                                   Page - 43
<PAGE>
<TABLE>
<CAPTION>
                BASELINE OR                                                YTD        YTD
 ASSET     PROP MOST RECENT   NOI                            MOST RECENT  PERIOD     PERIOD                       PERCENT
  NO       NO   ANNUAL NOI   AS OF     NOI SOURCE              YTD NOI    BEGIN      ENDING     YTD NOI SOURCE    OCCUPIED   AS OF
<S>        <C> <C>          <C>        <C>                   <C>          <C>        <C>        <C>                <C>     <C>
204        1      109,062   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%  12/30/98
205        1      168,394   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 94.0%   3/10/99
206        1      132,244   N/A        UNDERWRITER               41,827   1/1/99     3/31/99    BORROWER            98.8%   3/16/99
207        1      114,156   7/1/99     PROSPECTUS               126,234   9/30/98    2/28/99    PROSPECTUS         100.0%   4/30/99
208        1      148,205   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 95.0%   3/23/99
209        1      156,603   N/A        UNDERWRITER               99,291   1/1/99     6/30/99    BORROWER           100.0%   4/14/99
210        1      138,561   N/A        UNDERWRITER              113,230   1/1/99     8/30/99    BORROWER           100.0%   4/14/99
211        1      136,260   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 89.0%    2/5/99
212        1      404,600   12/31/98   BORROWER                 213,891   1/1/99     6/30/99    BORROWER            90.3%   7/28/99
213        1      152,503   N/A        UNDERWRITER               34,725   5/1/99     7/31/99    BORROWER           100.0%   4/19/99
214        1      156,253   N/A        UNDERWRITER               51,056   1/1/99     6/30/99    BORROWER           100.0%    4/9/99
215        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 96.0%   3/15/99
216        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 98.0%   1/12/99
216        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
217        1       90,985   12/31/98   BORROWER                  59,477   1/1/99     6/30/99    BORROWER           100.0%   6/30/99
218        1          N/A   N/A        N/A                       14,284   4/1/99     6/30/99    BORROWER            88.6%   7/31/99
219        1      111,245   12/31/98   PROSPECTUS               104,209   1/1/99     3/31/99    PROSPECTUS          89.0%    4/8/99
220        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 98.0%   3/19/99
221        1          N/A   N/A        N/A                       36,488   4/1/99     6/30/99    BORROWER            91.7%   6/30/99
222        1      159,315   12/31/98   BORROWER                     N/A   N/A        N/A        N/A                 99.0%  12/31/98
223        1      134,471   7/1/99     BORROWER                     N/A   N/A        N/A        N/A                 94.0%   1/22/99
224        1      122,752   N/A        UNDERWRITER               82,009   1/1/99     6/30/99    BORROWER            87.6%   6/30/99
225        1      111,998   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 87.0%   3/31/99
226        1       59,300   N/A        UNDERWRITER               47,005   4/1/99     6/30/99    BORROWER            98.8%   6/30/99
227        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%  12/11/98
228        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 88.0%    2/1/99
229        1          N/A   N/A        N/A                       29,120   4/1/99     6/30/99    BORROWER           100.0%   6/30/99
230        1       92,903   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%   1/27/99
231        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 98.0%  12/31/98
232        1      110,400   12/31/98   PROSPECTUS                   N/A   N/A        N/A        N/A                100.0%   2/18/99
233        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 93.0%  11/30/98
234        1          N/A   N/A        N/A                       28,098   4/1/99     6/30/99    BORROWER CONTACT    86.0%   6/30/99
234        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
234        3          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
234        4          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
235        1       66,519   N/A        UNDERWRITER               31,859   1/1/99     6/30/99    BORROWER            93.8%   6/20/99
236        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%   4/13/99
237        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%   4/14/99
238        1      106,284   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%   5/12/99
239        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                 94.0%  12/31/98
240        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%   3/31/99
241        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%   1/20/99
242        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%    4/9/99
</TABLE>

                                   Page - 44
<PAGE>
                 MIDLAND LOAN SERVICES, L.P. - Master Servicer
                 Loan Portfolio Analysis System - Asset Comments
                    PORTFOLIO: COMM MTGE ACCEPT CORP 1999 C1
                        REPORTING PERIOD: November, 1999
                             DATE PRINTED: 16-Nov-99

LOAN  001 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES AND REPLACEMENT RESERVE PER LOAN SERVICING SYSTEM.

LOAN  002 - 1:

LOAN  003 - 5:     Latest Annual Statement Comment: 12/31/1998 -
PRORATED DEBT SERVICE AT 8.90% OF TOTAL DEBT SERVICE.       Partial Year
Statement Comment:  07/31/1999 - PRORATED DEBT SERVICE AT 8.90% OF TOTAL DEBT
SERVICE.  NORMALIZED PROPERTY TAXES, REPLACEMENT RESERVE AND LEASING RESERVE PER
LOAN SERVICING SYSTEM.

LOAN  003 - 4:     Latest Annual Statement Comment: 12/31/1998 -
PRORATED DEBT SERVICE AT 14.55% OF TOTAL DEBT SERVICE.       Partial Year
Statement Comment:  07/31/1999 - PRORATED DEBT SERVICE AT 14.55% OF TOTAL DEBT
SERVICE.  NORMALIZED PROPERTY TAXES, REPLACEMENT RESERVE AND LEASING RESERVE PER
LOAN SERVICING SYSTEM.

LOAN  003 - 3:     Latest Annual Statement Comment: 12/31/1998 -
PRORATED DEBT SERVICE AT 15.01% OF TOTAL DEBT SERVICE.       Partial Year
Statement Comment:  07/31/1999 - PRORATED DEBT SERVICE AT 15.01% OF TOTAL DEBT
SERVICE.  NORMALIZED PROPERTY TAXES, REPLACEMENT RESERVE AND LEASING RESERVE PER
LOAN SERVICING SYSTEM.

LOAN  003 - 2:     Partial Year Statement Comment:  07/31/1999 -
PRORATED DEBT SERVICE AT 26.11% OF TOTAL DEBT SERVICE.  NORMALIZED PROPERTY
TAXES, REPLACEMENT RESERVE AND LEASING RESERVE PER LOAN SERVICING SYSTEM.

LOAN  003 - 1:     Latest Annual Statement Comment: 12/31/1998 -
PRORATED DEBT SERVICE AT 26.78% OF TOTAL DEBT SERVICE.

LOAN  003 - 6:     Latest Annual Statement Comment: 12/31/1998 -
PRORATED DEBT SERVICE AT 8.65% OF TOTAL DEBT SERVICE.       Partial Year
Statement Comment:  07/31/1999 - PRORATED DEBT SERVICE AT 8.65% OF TOTAL DEBT
SERVICE.  NORMALIZED PROPERTY TAXES, REPLACEMENT RESERVE AND LEASING RESERVE PER
LOAN SERVICING SYSTEM.

LOAN  004 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAX PER LOAN SERVICING.  INSURANCE PER BORROWER.

LOAN  005 - 1:

LOAN  006 - 1:

LOAN  007 - 1:

LOAN  008 - 1:

LOAN  009 - 1:

LOAN  010 - 1:     Partial Year Statement Comment:  09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM.
NORMALIZATION BASED ON LOAN ORIGINATION DATE OF 2/17/99.

LOAN  011 - 1:

LOAN  012 - 1:     Partial Year Statement Comment:  03/31/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACMEENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  013 - 1:     Partial Year Statement Comment:  09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM.
NORMALIZATION BASED ON LOAN ORIGINATION DATE OF 2/18/99.

                                   Page - 45
<PAGE>
LOAN  014 - 1:

LOAN  015 - 1:     Partial Year Statement Comment:  06/30/1999 -
PROPERTY TAXES AND INSURANCE NORMALIZED PER LOAN SERVICING SYSTEM.

LOAN  016 - 1:     Latest Annual Statement Comment: 12/31/1998 -
OTHER CAPITAL EXPENSES INCLUDED SUBSTANTIAL NON-RECURRING LEGAL FEES ASSOCIATED
WITH THE RESTAURANT AND OTHER LEASING ISSUES.  G&A DROPPED AS TWO OF THE OWNER'S
BUILDINGS PICKED UP PART OF THE SUPER'S SALARY.

LOAN  017 - 1:     Partial Year Statement Comment:  06/30/1999 -
PROPERTY TAXES NORMALIZED PER LOAN SERVICING SYSTEM. INSURANCE PER BORROWER.

LOAN  018 - 1:     Partial Year Statement Comment:  06/30/1999 -
PROPERTY TAXES NORMALIZED PER LOAN SERVICING SYSTEM.

LOAN  019 - 1:

LOAN  020 - 1:     Partial Year Statement Comment:  09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION. DEBT
SERVICE PER LOAN SERVICING INFORMATION.

LOAN  021 - 1:     Partial Year Statement Comment:  06/30/1999 -
PROPERTY TAX AND INSURANCE AMOUNTS PER BORROWER.

LOAN  022 - 1:     Latest Annual Statement Comment: 12/31/1998 -
OTHER EXPENSE REPRESENTS GROSS RECEIPTS TAX, WHICH IS UNIQUE TO THE VIRGIN
ISLANDS IN THAT ALL BUSINESSES PAY A 4% TAX ON GROSS BUSINESS RECEIPTS.
Partial Year Statement Comment:  06/30/1999 - NORMALIZED PROPERTY TAXES, TENANT
RESERVE AND CAPITAL IMPROVEMENTS PER LOAN SERVICING SYSTEM.

LOAN  023 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  024 - 1:

LOAN  025 - 1:     Partial Year Statement Comment:  03/31/1999 -
NORMALIZED PROPERTY TAX PER LOAN SERVICING SYSTEM.  INSURANCE PER BORROWER.

LOAN  026 - 1:

LOAN  027 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM. DEBT SERVICE PER
BORROWER.

LOAN  028 - 1:

LOAN  029 - 1:

LOAN  030 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM.

LOAN  031 - 1:

LOAN  032 - 1:

LOAN  033 - 1:     Latest Annual Statement Comment: 12/31/1998 -
SUBJECT PROPERTY WAS IN LEASE UP THROUGHOUT 1998.

LOAN  034 - 1:

LOAN  035 - 1:

LOAN  036 - 1:     Partial Year Statement Comment:  09/30/1999 -
NORMALIZED INSURANCE PER LOAN SERVICING INFORMATION. PROPERTY TAXES PER
BORROWER.

LOAN  037 - 1:     Partial Year Statement Comment:  07/31/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  038 - 1:

                                   Page - 46
<PAGE>

LOAN  039 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  040 - 1:

LOAN  041 - 2:

LOAN  041 - 1:

LOAN  042 - 1:

LOAN  043 - 1:     Partial Year Statement Comment:  09/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  044 - 1:     Partial Year Statement Comment:  09/30/1998 -
1998 INCOME IS LOWER DUE TO THE VACANCY CREATED BY  ORIGINAL TENANT IN THE
CENTER.   THIS SPACE WAS VACANT FOR NINE MONTHS BUT WAS LEASED TO TANNING
FACILITY 9/1/98.  TANNING FACILITY IS CURRENTLY BUILDING OUT THEIR SPACE & WILL
OCCUPY 12/98.

LOAN  045 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING SYSTEM.

LOAN  046 - 1:

LOAN  047 - 3:

LOAN  047 - 2:

LOAN  047 - 1:

LOAN  048 - 1:

LOAN  049 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  050 - 1:     Latest Annual Statement Comment: 12/31/1998 -
PROPERTY TAXES AND INSURANCE PER BORROWER.  MANAGEMENT FEES ARE INCLUDED IN
PAYROLL EXPENSES.  BORROWER REPORTS HIGH BAD DEBTS, CAUSING AN INCREASE IN
GENERAL AND ADMINISTRATIVE.

LOAN  051 - 1:     Partial Year Statement Comment:  06/30/1999 -
PROPERTY TAXES PER BORROWER. NORMALIZED INSURANCE PER LOAN SERVICING
INFORMATION.

LOAN  052 - 1:

LOAN  053 - 1:

LOAN  054 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE, TENANT RESERVE AND REPLACEMENT RESERVE PER
LOAN SERVICING SYSTEM.  VARIANCES IN REVENUE AND EXPENSES DUE TO TIMING OF
REIMBURSEMENTS.

LOAN  055 - 1:     Partial Year Statement Comment:  06/30/1999 -
PROPERTY TAXES AND INSURANCE NORMALIZED PER LOAN SERVICING SYSTEM.

LOAN  056 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMAIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM.

LOAN  057 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED TAXES AND INSURANCE PER LOAN SERVICING.     Partial Year Statement
Comment:  06/30/1999 - NORMALIZED PROP. TAXES, REPLACEMENT RESERVE & INSURANCE
PER LOAN SERVICING SYSTEM. BORROWER TOOK OVER THE PROPERTY IN JAN. 1999. HIGHER
PROFESSIONAL FEES DUE TO INCREASED LEGAL CHARGES DERIVED FROM CLOSING THE
AGREEMENT ON THE PROPERTY AND DUE DILIGENCE.

LOAN  058 - 1:

LOAN  059 - 1:

                                   Page - 47
<PAGE>
LOAN  060 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND CAPITAL IMRPOVEMENT RESERVE PER LOAN
SERVICING SYSTEM.

LOAN  061 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED INSURANCE PER LOAN SERVICING INFORMATION. PROPERTY TAXES PER
BORROWER. OTHER EXPENSE INCLUDES CONTRACT SERVICES, SUPPLIES, JANITORIAL AND
PAYROLL EXPENSES.

LOAN  062 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAX, INSURANCE AND REPLACEMENT RESERVES PER LOAN SERVICING
SYSTEM.  REVENUE BELOW BASELINE DUE TO PROPERTY NOT BEING FULLY LEASED UNTIL THE
EARLY PART OF 1999.  OCCUPANCY IS NOW 100%     Partial Year Statement Comment:
04/30/1999 - NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICNG SYSTEM

LOAN  063 - 1:

LOAN  064 - 1:

LOAN  065 - 1:

LOAN  066 - 1:     Partial Year Statement Comment:  03/31/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM

LOAN  067 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  068 - 1:

LOAN  069 - 1:     Partial Year Statement Comment:  08/31/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE, MISCELLANEOUS RESERVE AND REPLACEMENT
RESERVE PER LOAN SERVICING SYSTEM. OTHER INCOME IS NEGATIVE DUE TO BAD DEBT
EXPENSE.

LOAN  070 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE, TENANT RESERVE AND REPLACEMENT RESERVE PER
LOAN SERVICING SYSTEM. THE BASE RENT FOR 1998 IS UNUSUALLY LOW AS THE PROJECT
WAS NOT FULLY COMPLETED TILL JULY 1998.  AS OF 8/1/98, ALL 6 SUITES HAD BEEN
OCCUPIED.

LOAN  071 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED TAXES AND INSURANCE PER LOAN SERVICING.     Partial Year Statement
Comment:  06/30/1999 - NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT
RESERVE PER LOAN SERVICING SYSTEM.  HIGH PAYROLL EXPENSE DUE TO PAINTERS HIRED
OVER THE SUMMER TO REPAINT PROPERTY.

LOAN  072 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING SYSTEM.  OPERATIONS ON
THIS PROPERTY  BEGAN 5/1/99.

LOAN  073 - 1:

LOAN  074 - 1:

LOAN  075 - 1:

LOAN  076 - 1:

LOAN  077 - 1:

LOAN  078 - 1:

LOAN  079 - 1:

LOAN  079 - 2:

LOAN  080 - 1:

LOAN  081 - 1:     Latest Annual Statement Comment: 12/31/1998 -
$5000 OTHER EXPENSES ASSOCIATED WITH APPRAISAL FEES.     Partial Year Statement
Comment: 06/30/1999 - NORMALIZED PROPERTY TAXES, INSURANCE, REPLACEMENT RESERVE
AND TENANT RESERVE PER LOAN SERVICING SYSTEM.

LOAN  082 - 1:

                                   Page - 48
<PAGE>
LOAN  083 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED TAXES AND INSURANCE PER LOAN SERVICING.     Partial Year Statement
Comment:  06/30/1999 - NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING
SYSTEM.

LOAN  084 - 1:     Partial Year Statement Comment:  03/31/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM.

LOAN  085 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM. NORMALIZATION
BASED ON LOAN ORIGINATION DATE OF 3/99.

LOAN  086 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAXES PER LOAN SERVICING INFORMATION. INSURANCE PER
BORROWER.     Partial Year Statement Comment:  06/30/1999 - NORMALIZED PROPERTY
TAXES, REPLACEMENT RESERVE AND TENANT RESERVE PER LOAN SERVICING SYSTEM.
REIMBURSEMENTS ARE FROM CAM, REAL ESTATE TAX AND ELECTRICITY.

LOAN  087 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  088 - 1:

LOAN  089 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM.

LOAN  090 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING SYSTEM.  LOWER DSCR
BECAUSE HIGH PROFESSIONAL FEES ASSOCIATED WITH THE EVICTION OF TENANTS.

LOAN  091 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM. DECREASE IN
REV. IS DUE TO PREPAID RENT THAT IS COLLECTED IN THE THIRD QUARTER.

LOAN  092 - 1:     Latest Annual Statement Comment: 12/31/1998 -
The 1998 taxes are lower than 1997 due to a tax appeal.  The appeal is good for
one year only and must be appealed  every year.  The Borrower did not appeal the
1998 taxes but plans to do so retroactively and going forward.

LOAN  093 - 1:     Partial Year Statement Comment:  09/30/1999 -
STATEMENT REFLECTS 6-MONTH OPERATION BECAUSE PER BORROWER PROPERTY WAS ACQUIRE
IN APRIL 1999. NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING
INFORMATION.

LOAN  094 - 1:

LOAN  095 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAXES & INSURANCE PER LOAN SERVICING INFO.  HIGHER UTILITY
USAGE & MAINTENANCE NEEDS DUE TO HIGHER OCCUPANCY.  BORROWER REPORTS HIGHER
MISCELLANEOUS ADMIN. FEES AND SECURITY EXPENSES. HIGHER DSCR DUE TO FULL
OCCUPANCY.     Partial Year Statement Comment:  06/30/1999 - NORMALIZED PROPETY
TAXES AND INSURANCE PER SERVICNG SYSTEM

LOAN  096 - 1:

LOAN  097 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAXES PER SERVICING INFO.     Partial Year Statement
Comment: 06/30/1999 - NORMALIZED PROPERTY TAXES, CAPITAL IMPROVEMENTS AND TENANT
IMPROVEMENTS PER LOAN SERVICING SYSTEM. SNOW REMOVAL OF $38,000 IS NOT
NORMALIZED.

LOAN  098 - 1:

LOAN  099 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES AND REPLACEMENT RESERVE PER LOAN SERVICING SYSTEM.

                                   Page - 49
<PAGE>
LOAN  100 - 1:     Latest Annual Statement Comment: 12/31/1998 -
THE 1998 GENERAL AND ADMINISTRATIVE EXPENSE IS HIGHER THAN PREVIOUS YEARS DUE TO
INCREASED LEGAL BILLS FROM THE ACQUISITION OF THE SITE.  UTILITY EXPENSE IS
BEGINNING TO DECREASE DUE TO THE INSTALLATION OF THE NEW SEPTIC SYSTEM IN 1997.
 Partial Year Statement Comment:  06/30/1999 - NORMALIZED PROPERTY TAXES,
INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING SYSTEM.

LOAN  101 - 1:

LOAN  102 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAX AND INSURANCE AMOUNTS PER LOAN SERVICING SYSTEM.
Partial Year Statement Comment:  03/31/1999 - NORMALIZED PROPERTY TAXES AND
INSURANCE PER SERVICING SYSTEM

LOAN  103 - 1:     Latest Annual Statement Comment: 12/31/1998 -
UTILITY EXPENSES HIGHER THAN AVERAGE DUE TO THE FACT THAT THE BUILDING IS 25
YEARS OLD AND 22% OF THE TENANTS ARE ENTERTAINMENT-ORIENTED BUSINESSES WHOSE
HOURS OF OPERATION EXTEND BEYOND NORMAL BUSINESS HOURS.      Partial Year
Statement Comment:  06/30/1999 - NORMALIZED PROPERTY TAXES, INSURANCE AND
REPLACEMENT RESERVE PER LOAN SERVICING SYSTEM.  HIGHER REPAIR AND MAINTENANCE
EXPENSE AS IN PREVIOUS YEARS SOME EXPENSES WERE CLASSIFIED UNDER CAPITAL
IMPROVEMENTS.

LOAN  104 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAX PER LOAN SERVICING SYSTEM.   INSURANCE PER BORROWER.
DSCR INCREASE DUE TO A 9% INCREASE IN BASE RENTS.  BORROWER DID NOT REPORT
MANAGEMENT FEES.  OTHER EXPENSES INCLUDES BAD DEBT EXPENSE.

LOAN  105 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM.

LOAN  106 - 1:

LOAN  107 - 1:

LOAN  108 - 1:

LOAN  109 - 1:

LOAN  110 - 1:     Latest Annual Statement Comment: 12/31/1998 -
The Subject property has undergone a rehab and began lease-up in November 1997
when occupancy was 0%. Operating expenses and incomes for 1998 represents a
property in lease up.     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND CAPITAL IMPROVEMENT RESERVE PER LOAN
SERVICING SYSTEM.  NORMALIZATION BASED ON LOAN ORIGINATION DATE OF 4/29/99.

LOAN  111 - 1:

LOAN  112 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM. HIGHER R&M EXPENSES DUE TO NECESSARY REPAIRS DETAILED IN THE A&E REPORT.

LOAN  113 - 1:

LOAN  114 - 1:

LOAN  115 - 1:

LOAN  116 - 2:

LOAN  116 - 1:

LOAN  117 - 1:

LOAN  118 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.  NORMALIZATION BASED ON LOAN ORGINATION DATE OF 2/23/99.

LOAN  119 - 1:

LOAN  120 - 1:

                                   Page - 50
<PAGE>
LOAN  121 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED REPLACEMENT RESERVES AND TENANT RESERVES PER LOAN SERVICING SYSTEM.
PROPERTY HAS A SINGLE TENANT WITH A TRIPLE NET LEASE.     Partial Year Statement
Comment:  06/30/1999 - PROPERTY WAS OCCUPIED BY A SINGLE TENANT WITH TRIPPLE NET
LEASE.

LOAN  122 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING SYSTEM.

LOAN  123 - 1:

LOAN  124 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAX, INSURANCE AND REPLACEMENT RESERVES PER LOAN SERVICING
SYSTEM.     Partial Year Statement Comment:  06/30/1999 - NORMALIZED PROPERTY
TAXES, INSURANCE AND CAPITAL IMPROVEMENT RESERVE PER LOAN SERVICING SYSTEM.

LOAN  125 - 1:

LOAN  126 - 1:

LOAN  127 - 1:

LOAN  128 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING SYSTEM.  INCREASE IN
DSCR DUE TO AN INCREASE IN CURRENT PASS-THROUGHS.

LOAN  129 - 1:

LOAN  130 - 1:     Latest Annual Statement Comment: 07/01/1999 -
PROPERTY WAS BUILT IN 1997, THEREFORE NO HISTORIC FINANCIAL INFORMATION WAS
AVAILABLE. REVENUES WILL INCREASE WITH THE NEW TENANT, WHICH MOVED IN ON OCTOBER
1, AND OCCUPIES 56% OF THE FACILITY.

LOAN  131 - 1:     Partial Year Statement Comment:  09/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  132 - 1:

LOAN  133 - 1:     Partial Year Statement Comment:  09/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  134 - 1:     Latest Annual Statement Comment: 12/31/1997 -
1997 CAPITAL REPAIRS AND OTHER EXP. WERE A RESULT OF RENOVATION OF THE PROPERTY.
'97 OTHER INCOME IS $7,190 IN VARIOUS COLLECTIONS, $22,093.54 IN SECURITY
DEPOSIT FORFEITURES, $510 IN APPLN FEES, $4,866.79 IN LATE FEES, ETC.  SEE
DETAILS IN COMMENT LOG.     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM. THE BORROWER
HAS 40 NEWLY BUILD APARTMENTS WHICH ARE NOT PART OF THIS COLLATERAL. TENANTS ARE
MOVING INTO THIS NEWER APARTMENTS, THUS THE OCCUPANCY RATE  IS LOW.

LOAN  135 - 1:

LOAN  136 - 1:     Partial Year Statement Comment:  04/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM.  REDUCTION IN
CAPTIAL EXPENDITURES AND INCREASE IN RENT HAVE INCREASED THE DSCR.

LOAN  137 - 1:

LOAN  138 - 1:     Partial Year Statement Comment:  03/31/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICNG SYSTEM

LOAN  139 - 1:

LOAN  140 - 1:     Partial Year Statement Comment:  03/31/1999 -
NORMALIZED TAXES AND INSURANCE PER LOAN SERVICING.

LOAN  141 - 1:     Partial Year Statement Comment:  09/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  142 - 1:

                                   Page - 51
<PAGE>
LOAN  143 - 2:

LOAN  143 - 1:

LOAN  144 - 1:

LOAN  145 - 1:

LOAN  146 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED TAXES AND INSURANCE PER LOAN SERVICING.

LOAN  147 - 1:     Partial Year Statement Comment:  03/31/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM.

LOAN  148 - 1:

LOAN 149 - 2: Latest Annual Statement Comment: 12/31/1998 - G&A EXPENSES DOUBLED
FROM 1997 TO 1998 DUE TO A ONE TIME INCREASE IN  ADVERTISING  IN ORDER TO LEASE
UP THE  FACILITY  AFTER  CONSTRUCTION  WAS  COMPLETED  AND OTHER ONE TIME COSTS
ASSOCIATED WITH GETTING THE NEW UNITS READY FOR OCCUPANCY.
Partial Year Statement Comment:  06/30/1999 - NORMALIZED PROPERTY TAXES,
INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING SYSTEM.  PRORATED DEBT
SERVICE AT 41.48%.

LOAN  149 - 1:     Latest Annual Statement Comment: 12/31/1998 -
FINANCIAL FIGURES PER UNDERWRITING ANALYSIS.   Partial Year Statement Comment:
06/30/1999 - NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER
LOAN SERVICING SYSTEM.  PRORATED DEBT SERVICE AT 58.52%.

LOAN  150 - 1:     Latest Annual Statement Comment: 12/31/1997 -
PROPERTY TAXES, INSURANCE AND DEBT SERVICE PER UNDERWRITER ANALYSIS.     Partial
Year Statement Comment:  06/30/1999 - NORMALIZED PROPERTY TAXES AND INSURANCE
PER LOAN SERVICING. INCREASE IN G&A IS DUE TO THE ADDITION OF SECURITY SERVICES.
R&M INCREASED DUE TO PARKING LOT SWEEPING, WHICH IS NOW DONE WEEKLY UNDER NEW
MANAGEMENT.  BOTH EXPENSES CAUSED DSCR TO DECREASE.

LOAN  151 - 1:     Latest Annual Statement Comment: 09/30/1998 -
TRAILING TWELVE MONTH STATEMENT. PROPERTY TAXES, INSURANCE AND DEBT SERVICE PER
UNDERWRITER ANALYSIS.     Partial Year Statement Comment:  12/31/1998 -
NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING SYSTEM.THE PROPERTY WAS
ACQUIRED IN DECEMBER 1998, AS A RESULT, THE INCOME STATEMENT REFLECTS ONE MONTH
OPERATING ACTIVITIES.

LOAN  152 - 1:     Partial Year Statement Comment:  03/31/1999 -
NORMALIZED PROPERTY TAX, INSURANCE AND REPLACEMENT RESERVES PER LOAN SERVICING
SYSTEM.

LOAN  153 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.  HIGHER
ADVERTISING EXPENSES DUE TO OUTDOOR ADVERTISING AND MARKETING ASSESSMENT COSTS.
 Partial Year Statement Comment:  09/30/1999 - NORMALIZED PROPERTY TAXES AND
INSURANCE PER LOAN SERVICING INFORMATION.LOW OCCUPANCY RATE IN THE FIRST QUARTER
DUE TO SEASONAL CYCLE OF THE BUSINESS CAUSING REVENUE AND DSCR TO DECREASE.

LOAN  154 - 1:

LOAN  155 - 1:     Partial Year Statement Comment:  09/30/1999 -
NORMALIZED INSURANCE PER LOAN SERVICING INFORMATION. NORMALIZED PROPERTY TAXES
PER 1998 FIGURE.

LOAN  156 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE AND PER LOAN SERVICING SYSTEM.  MORE
REPAIRS AND MAINTENANCE  WERE PERFORMED IN ORDER TO OBTAIN THE $25,000  HOLDBACK
AT CLOSING.

LOAN  157 - 1:

LOAN  158 - 1:

                                   Page - 52
<PAGE>
LOAN  159 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAX, INSURANCE PER LOAN SERVICING SYSTEM.     Partial Year
Statement Comment:  06/30/1999 - NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN
SERVICING SYSTEM. BORROWER TOOK OVER THE PROPERTY IN NOVEMBER1998 AND G&A
EXPENSES WERE OVERSTATED DUE TO LEGAL BILLS TOWARD CLOSING THE LOAN. HIGHER DSCR
REPRESENTS A MORE ACCURATE FIGURE.

LOAN  160 - 1:

LOAN  161 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAX, INSURANCE AND REPLACEMENT RESERVES PER LOAN SERVICING
SYSTEM.     Partial Year Statement Comment:  06/30/1999 - NORMALIZED PROPERTY
TAXES, INSURANCE AND CAPITAL IMRPOVEMENT PER LOAN SERVICING SYSTEM.

LOAN  162 - 1:     Partial Year Statement Comment:  06/30/1999 -
NO INFORMATION ON PROPERTY TAXES AND INSURANCE.

LOAN  163 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED AND ACTUAL PROPERTY TAXES PER SERVICING INFORMATION.

LOAN  164 - 1:     Partial Year Statement Comment:  09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION. VARIANCE
IN DSCR DUE TO LOW DSCR IN 1998 AS A RESULT OF SEASONALITY OF THE BUSINESS.

LOAN  165 - 1:

LOAN  166 - 1:

LOAN  167 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  168 - 1:

LOAN  169 - 1:

LOAN  170 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM.

LOAN  171 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED TENANT IMPROVEMENTS AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.  SINGLE TENANT PROPERTY WITH TRIPLE NET LEASE.

LOAN  172 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM. HIGHER DSCR
BASED ON INCREASED OCCUPANCY AND RENTAL RATES.

LOAN  173 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  174 - 2:

LOAN  174 - 1:

LOAN  174 - 3:

LOAN  175 - 1:

LOAN  176 - 1:

LOAN  177 - 1:

LOAN  178 - 1:

LOAN  179 - 1:     Partial Year Statement Comment:  09/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.  NORMALIZATION BASED ON ORIGINATION DATE OF 4/28/99.  BORROWER TOOK OVER
THE PROPERTY IN MAY AND INCREASED RENTAL RATES.

                                   Page - 53

<PAGE>
LOAN  180 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.  FINANCIAL STATEMENT FOR BOTH PROPERTIES.  HIGHER EXPENSES DUE TO
BORROWER NOT SEPARATING THE EXPENSES FOR ANOTHER PROPERTY THAT HE MANAGES.

LOAN  180 - 2:

LOAN  181 - 1:

LOAN  182 - 1:     Latest Annual Statement Comment: 12/31/1998 -
CAPITAL REPAIRS FOR 1998 INCLUDED NEW SEWER LINE AND NEW ROOF FOR THREE SECTIONS
OF THE CENTER.  TENANT IMPROVEMENTS IN 1998 ARE FOR TENANT RELOCATION.
Partial Year Statement Comment:  06/30/1999 - NORMALIZED PROPERTY TAXES,
INSURANCE, TENANT RESERVE AND REPLACEMENT RESERVE PER LOAN SERVICING SYSTEM.

LOAN  183 - 1:

LOAN  184 - 1:     Partial Year Statement Comment:  03/01/1999 -
DEBT SERVICE BEFORE FUNDING.

LOAN  185 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAX & INSURANCE PER LOAN SERVICING SYSTEM. GENERAL &
ADMINISTRATIVE & OTHER EXPENSES HAVE INCREASED DUE TO LOAN TRANSACTION LEGAL
FEES. MANAGEMENT FEES HAVE INCREASED DUE TO MANAGEMENT RESTRUCTURING.   Partial
Year Statement Comment:  09/30/1999 - NORMALIZED PROPERTY TAX & INSURANCE PER
LOAN SERVICING INFORMATION. LOW OCCUPANCY RATE DUE TO SEASONALITY CYCLE OF THE
BUSINESS CAUSED LOW REVENUE AND LOW DSCR.

LOAN  186 - 1:

LOAN  187 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM. UANBLE TO
REACH BORROWER FOR FURTHER INSIGHT ON DSCR VARIANCE.

LOAN  188 - 1:

LOAN  189 - 1:

LOAN  190 - 1:

LOAN  191 - 1:

LOAN  192 - 1:

LOAN  193 - 1:

LOAN  194 - 1:     Partial Year Statement Comment:  03/31/1999 -
NORMALIZED TAXES AND INSURANCE PER LOAN SERVICING.

LOAN  195 - 1:

LOAN  196 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED INSURANCE EXPENSE PER LOAN SERVICING SYSTEM. INCREASE IN RENT DUE TO
BACK RENT PAID BY TENANTS.     Partial Year Statement Comment:  09/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE, TENANT RESERVE AND REPLACEMENT RESERVE PER
LOAN SERVICING SYSTEM.

LOAN  197 - 1:     Latest Annual Statement Comment: 12/31/1998 -
REPAIRS AND MAINTANENCE EXPENSE CONSISTS LARGELY OF TENANT PREP EXPENSES.
BORROWER DOES NOT CONSIDER THESE TO BE CAPITAL EXPENSES.     Partial Year
Statement Comment:  09/30/1999 - NORMALIZED PROPERTY TAXES, INSURANCE, TENANT
RESERVE AND REPLACEMENT RESERVE PER LOAN SERVICING SYSTEM.

LOAN  198 - 1:     Latest Annual Statement Comment: 12/31/1998 -
REVENUE INCREASE DUE TO BACK RENT PAID BY TENANTS.     Partial Year Statement
Comment:  09/30/1999 - NORMALIZED PROPERTY TAXES, INSURANCE, TENANT RESERVE AND
REPLACEMENT RESERVE PER LOAN SERVICING SYSTEM.

LOAN  199 - 2:

LOAN  199 - 1:

LOAN  200 - 1:

                                   Page - 54
<PAGE>
LOAN  201 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER 1997 FIGURES.  FEWER LATE FEES WERE
COLLECTED IN 98.  OTHER EXPENSES INCLUDE JANITORIAL AND OTHER TAXES. CONTRACT
CLEANING SERVICES ARE INCLUDED AS JANITORIAL EXPENSES, CAUSING AN INCREASE IN
OTHER EXPENSES.

LOAN  202 - 1:

LOAN  203 - 1:

LOAN  204 - 1:

LOAN  205 - 1:

LOAN  206 - 1:     Partial Year Statement Comment:  03/31/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM

LOAN  207 - 1:

LOAN  208 - 1:

LOAN  209 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  210 - 1:     Latest Annual Statement Comment: 12/31/1998 -
THE 1998 OTHER EXPENSES IS RELATED TO NEW APPLIANCES PLUS A WATER DAMAGE CLAIM
FROM AN OVERFLOWING FAUCET LEFT ON BY A VACATIONING TENANT.  THIS RESULTED IN
DAMAGE TO DOWNSTAIRS UNITS.     Partial Year Statement Comment:  08/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  211 - 1:

LOAN  212 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAXES & INSURANCE PER LOAN SERVICING INFORMATION.  OTHER
EXPENSES INCLUDES JANITORIAL EXPENSES & CONTRACTED SERVICES.  ADVERTISING &
PROFESSIONAL FEES HAVE BEEN TAKEN OUT OF GEN/ADMIN.  LOAN PROCEEDS WERE EXCLUDED
FROM INCOME.     Partial Year Statement Comment:  06/30/1999 - NORMALIZED
PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM.

LOAN  213 - 1:     Partial Year Statement Comment:  07/31/1999 -
NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING SYSTEM.  DECREASE IN
DSCR DUE TO HVAC REPAIRS AND MAINTENANCE.

LOAN  214 - 1:     Latest Annual Statement Comment: 12/31/1998 -
THE CAUSE OF THE HUGE INCREASE IN UTILITIES FROM 97 TO 98 WAS A WATER LEAK THAT
WAS NOT DISCOVERED UNTIL LATE IN THE YEAR.     Partial Year Statement Comment:
06/30/1999 - NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING SYSTEM.
INCREASED PROPERTY MANAGEMENT FEE, DUE TO CHANGE IN MANAGEMENT FIRMS, LED TO A
LOWER DSCR.

LOAN  215 - 1:

LOAN  216 - 1:

LOAN  216 - 2:

LOAN  217 - 2:

LOAN  217 - 1:     Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM     Partial Year
Statement Comment:  06/30/1999 - NORMALIZED PROPERTY TAXES, INSURANCE, TENANT
RESERVE, MISCELLANEOUS RESERVE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.PRORATED DEBT SERVICE AND ESCROWS AT 69%.

LOAN  218 - 1:

LOAN  219 - 1:

LOAN  220 - 1:

LOAN  221 - 1:

LOAN  222 - 1:

                                   Page - 55
<PAGE>
LOAN  223 - 1:

LOAN  224 - 1:     Partial Year Statement Comment:  06/30/1999 -
NORMALIZED PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING
SYSTEM.

LOAN  225 - 1:

LOAN  226 - 1:     Latest Annual Statement Comment: 12/31/1998 -
THE INCREASE IN EGI FROM 1997 TO 1998 IS DUE TO A  $25/MONTH RENTAL INCREASE, AS
WELL AS THE SELLER BECOMING MORE ACTIVE IN RV RENTALS.  CAPITAL REPAIRS IN 1998
ARE FOR STREET REPAIRS. DSCR IS CONSISTENTLY LOW, BUT IS INCREASING FROM HIGHER
REVENUE.    Partial Year Statement Comment:  06/30/1999 - NORMALIZED PROPERTY
TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING SYSTEM.

LOAN  227 - 1:

LOAN  228 - 1:

LOAN  229 - 1:

LOAN  230 - 1:

LOAN  231 - 1:

LOAN  232 - 1:

LOAN  233 - 1:

LOAN  234 - 1:

LOAN  234 - 2:

LOAN  234 - 3:

LOAN  234 - 4:

LOAN  235 - 1:     Latest Annual Statement Comment: 12/31/1998 -
THE BASE RENT INCREASE '96 TO '98 RESULTED FROM TWO FACTORS.  THE OWNERS HAVE
DONE A SIGNIFICANT AMOUNT OF CAPITAL IMPROVEMENTS. THE LACK OF NEW UNITS COMING
ON BOARD IN THE SUBMARKET IN RECENT YEARS HAS LED TO AN INCREASED IN ASKING
RENTAL RATES.     Partial Year Statement Comment:  06/30/1999 - NORMALIZED
PROPERTY TAXES, INSURANCE AND REPLACEMENT RESERVE PER LOAN SERVICING SYSTEM.

LOAN  236 - 1:

LOAN  237 - 1:

LOAN  238 - 1:

LOAN  239 - 1:

LOAN  240 - 1:

LOAN  241 - 1:

LOAN  242 - 1:

                                   Page - 56


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