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) January 10, 2000
TRUST CREATED BY PNC MORTGAGE ACCEPTANCE CORPORATION
(under a Pooling & Servicing Agreement
dated as of December 1, 2000, which Trust is
the issuer of Commercial Mortgage Pass-Through
Certificates, Series 1999-CM1)
(Exact name of Registrant as specified in its Charter)
New York 333-60749-03 APPLIED FOR
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Formation) File No.) Identification No.)
Norwest Bank Minnesota, N.A., Trustee,
Corporate Trust Department
3 New York Plaza, 15th Floor
New York, NY
10004
Attention: Asset-Backed Securities Trust Services (Zip Code)
PNCMAC Series 1999-CM1
(Address of principal executive office)
Registrant's telephone number, including area code: (212) 515-5254
The Exhibit Index is on page 2.
Page - 1
<PAGE>
ITEM 5. OTHER EVENTS
Attached hereto is a copy of the January 10, 2000, 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
January 10, 2000.
Loan data files as of the January 2000 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 December
1, 1999
By: Midland Loan Services, Inc.,
/s/ Lawrence D. Ashley
By: Lawrence D. Ashley
Title: Senior Vice President
Date: January 10, 2000
EXHIBIT INDEX
Sequential
Document Page Number
Monthly Remittance Statement to the Certificateholders 3
dated as of January 10, 2000
Loan data file as of the January 2000 Determination Date 29
Page - 2
Norwest Bank Minnesota, N.A. For additional information, please contact:
Corporate Trust Services CTSLink Customer Service
3 New York Plaza, 15th Floor (800) 815-6600
New York, NY 10004 Reports Available on the World Wide Web
@ www.ctslink.com/cmbs
PNC Mortgage Acceptance Corp.
Commercial Mortgage Pass-Through Certificates
Series 1999-CM1
DISTRIBUTION DATE STATEMENT
Payment Date: 01/10/2000
Record Date: 12/31/1999
Master Servicer: Midland Loan Services, Inc.
Special Servicer: 210 West 10th Street
Kansas City, MO 64105
Contact: Brad Hauger
Phone Number: (816) 292-8629
Underwriter: Donaldson, Lufkin & Jenrette
Securities Corporation
277 Park Avenue
New York, NY 10172
Contact: N. Dante LaRocca
Phone Number: (212) 892-3000
Underwriter: PNC Capital Markets, Inc.
One PNC Plaza, 26th Floor
249 Fifth Avenue
Pittsburgh, PA 15222-2707
Contact: Tim Martin
Phone Number: (412) 762-4256
Underwriter: Prudential Securities Incorporated
One New York Plaza
New York, NY 10292
Contact: John Mulligan
Phone Number: (212) 778-4365
This report has been compiled from information provided to Norwest by various
third parties, which may include the Servicer, Master Servicer, Special Servicer
and others. Norwest has not independently confirmed the accuracy of information
received from these third parties and assumes no duty to do so.
Norwest expressly disclaims any responsibility for the accuracy or completeness
of information furnished by third parties.
Page - 3
<PAGE>
<TABLE>
CERTIFICATE DISTRIBUTION DETAIL
<CAPTION>
Pass-
Through Original Beginning Principal Interest
Class CUSIP Rate Balance Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1A ... 69348HAB4 7.110000% 123,351,000.00 123,351,000.00 447,254.19 730,854.68
A-1B ... 69348HAC2 7.330000% 433,652,000.00 433,652,000.00 0.00 2,648,890.97
A-2 .... 69348HAD0 7.510000% 39,922,000.00 39,922,000.00 0.00 249,845.18
A-3 .... 69348HAE8 7.660000% 34,218,000.00 34,218,000.00 0.00 218,424.90
A-4 .... 69348HAF5 7.850000% 13,308,000.00 13,308,000.00 0.00 87,056.50
B-1 .... 69348HAG3 8.160955% 24,713,000.00 24,713,000.00 0.00 168,068.07
B-2 .... 69348HAH1 8.160955% 9,505,000.00 9,505,000.00 0.00 64,641.57
B-3 .... 69348HAJ7 7.100000% 26,615,000.00 26,615,000.00 0.00 157,472.08
B-4 .... 69348HAK4 7.100000% 7,604,000.00 7,604,000.00 0.00 44,990.33
B-5 .... 69348HAL2 7.100000% 6,654,000.00 6,654,000.00 0.00 39,369.50
B-6 .... 69348HAM0 6.850000% 10,455,000.00 10,455,000.00 0.00 59,680.62
B-7 .... 69348HAN8 6.850000% 7,604,000.00 7,604,000.00 0.00 43,406.17
B-8 .... 69348HAP3 6.850000% 5,703,000.00 5,703,000.00 0.00 32,554.63
C ...... 69348HAQ1 6.850000% 7,605,000.00 7,605,000.00 0.00 43,411.88
D ...... 69348HAR9 6.850000% 9,505,266.00 9,505,266.00 0.00 53,915.84
E ...... N/A 0.000000% 0.00 0.00 0.00 0.00
R-I .... N/A 0.000000% 0.00 0.00 0.00 0.00
R-II ... N/A 0.000000% 0.00 0.00 0.00 0.00
R-III .. N/A 0.000000% 0.00 0.00 0.00 0.00
--------- -------- -------------- -------------- ---------- ------------
-- -- 760,414,266.00 760,414,266.00 447,254.19 4,642,582.92
========= ======== ============== ============== ========== ============
</TABLE>
<TABLE>
CERTIFICATE DISTRIBUTION DETAIL, CONTINUED
<CAPTION>
Current
Prepayment Realized Total Ending Subordination
Class Premiums Loss Distribution Balance Level(1)
<S> <C> <C> <C> <C> <C>
A-1A ... 0.00 0.00 1,178,108.87 122,903,745.81 26.77%
A-1B ... 0.00 0.00 2,648,890.97 433,652,000.00 26.77%
A-2 .... 0.00 0.00 249,845.18 39,922,000.00 21.51%
A-3 .... 0.00 0.00 218,424.90 34,218,000.00 17.01%
A-4 .... 0.00 0.00 87,056.50 13,308,000.00 15.26%
B-1 .... 0.00 0.00 168,068.07 24,713,000.00 12.01%
B-2 .... 0.00 0.00 64,641.57 9,505,000.00 10.76%
B-3 .... 0.00 0.00 157,472.08 26,615,000.00 7.25%
B-4 .... 0.00 0.00 44,990.33 7,604,000.00 6.25%
B-5 .... 0.00 0.00 39,369.50 6,654,000.00 5.38%
B-6 .... 0.00 0.00 59,680.62 10,455,000.00 4.00%
B-7 .... 0.00 0.00 43,406.17 7,604,000.00 3.00%
B-8 .... 0.00 0.00 32,554.63 5,703,000.00 2.25%
C ...... 0.00 0.00 43,411.88 7,605,000.00 1.25%
D ...... 0.00 0.00 53,915.84 9,505,266.00 0.00%
E ...... 0.00 0.00 0.00 0.00 0.00%
R-I .... 0.00 0.00 0.00 0.00 0.00%
R-II ... 0.00 0.00 0.00 0.00 0.00%
R-III .. 0.00 0.00 0.00 0.00 0.00%
---------- ---------- ------------ -------------- -------
0.00 0.00 5,089,837.11 759,967,011.81 --
========== ========== ============ ============== =======
<FN>
(1) Calculated by taking (A) the sum of the ending certificate balance of all
classes less (B) the sum of (i) the ending certificate balance of the
designated class and (ii) the ending certificate balance of all classes
which are not subordinate to the designated class and dividing the results
by (A).
</FN>
</TABLE>
<TABLE>
CERTIFICATE DISTRIBUTION DETAIL, CONTINUED
<CAPTION>
Pass- Original Beginning Ending
Through Notional Notional Interest Prepayment Total Notional
Class CUSIP Rate Amount Amount Distribution Premiums Distribution Amount
<S> <C> <C> <C> <C> <C> <C> <C> <C>
S ...... 69348HAA6 0.834013% 760,414,266.00 760,414,266.00 528,496.08 0.00 528,496.08 759,967,011.81
========= ======== ============== ============== ========== ========== ========== ==============
</TABLE>
Page - 4
<PAGE>
<TABLE>
CERTIFICATE FACTOR DETAIL
<CAPTION>
Beginning Principal Interest Prepayment Realized Ending
Class CUSIP Balance Distribution Distribution Premiums Loss Balance
<S> <C> <C> <C> <C> <C> <C> <C>
A-1A ... 69348HAB4 1,000.00000000 3.62586594 5.92500004 0.00000000 0.00000000 996.37413406
A-1B ... 69348HAC2 1,000.00000000 0.00000000 6.10833334 0.00000000 0.00000000 1,000.00000000
A-2 .... 69348HAD0 1,000.00000000 0.00000000 6.25833325 0.00000000 0.00000000 1,000.00000000
A-3 .... 69348HAE8 1,000.00000000 0.00000000 6.38333333 0.00000000 0.00000000 1,000.00000000
A-4 .... 69348HAF5 1,000.00000000 0.00000000 6.54166667 0.00000000 0.00000000 1,000.00000000
B-1 .... 69348HAG3 1,000.00000000 0.00000000 6.80079594 0.00000000 0.00000000 1,000.00000000
B-2 .... 69348HAH1 1,000.00000000 0.00000000 6.80079642 0.00000000 0.00000000 1,000.00000000
B-3 .... 69348HAJ7 1,000.00000000 0.00000000 5.91666654 0.00000000 0.00000000 1,000.00000000
B-4 .... 69348HAK4 1,000.00000000 0.00000000 5.91666623 0.00000000 0.00000000 1,000.00000000
B-5 .... 69348HAL2 1,000.00000000 0.00000000 5.91666667 0.00000000 0.00000000 1,000.00000000
B-6 .... 69348HAM0 1,000.00000000 0.00000000 5.70833286 0.00000000 0.00000000 1,000.00000000
B-7 .... 69348HAN8 1,000.00000000 0.00000000 5.70833377 0.00000000 0.00000000 1,000.00000000
B-8 .... 69348HAP3 1,000.00000000 0.00000000 5.70833421 0.00000000 0.00000000 1,000.00000000
C ...... 69348HAQ1 1,000.00000000 0.00000000 5.70833399 0.00000000 0.00000000 1,000.00000000
D ...... 69348HAR9 1,000.00000000 0.00000000 5.67220738 0.00000000 0.00000000 1,000.00000000
E ...... N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-I .... N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II ... N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-III .. N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
</TABLE>
<TABLE>
CERTIFICATE FACTOR DETAIL, CONTINUED
<CAPTION>
Beginning Interest Prepayment Ending
Class CUSIP Balance Distribution Premiums Balance
<S> <C> <C> <C> <C> <C>
S ...... 69348HAA6 1,000.00000000 0.69501074 0.00000000 999.41182825
</TABLE>
Page - 5
<PAGE>
RECONCILIATION DETAIL
ADVANCE SUMMARY
P&I Advances Outstanding 2,840,713.04
Servicing Advances Outstanding 0.00
Reimbursement for Interest on Advances 0.00
SERVICING FEE SUMMARY
Current Period Accrued Servicing Fees 52,320.60
Less Servicing Fees on Delinquent Payments 25,327.78
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 0.00
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 26,992.82
<TABLE>
CERTIFICATE INTEREST RECONCILIATION
<CAPTION>
Net Remaining
Aggregate Distributable Unpaid
Accrued Prepayment Distributable Certificate Additional Distributable
Certificate Interest Certificate Interest Trust Fund Interest Certificate
Class Interest Shortfall Interest Adjustment Expenses Distribution Interest
<S> <C> <C> <C> <C> <C> <C> <C>
S ...... 528,496.08 0.00 528,496.08 0.00 0.00 528,496.08 0.00
A-1A ... 730,854.68 0.00 730,854.68 0.00 0.00 730,854.68 0.00
A-1B ... 2,648,890.97 0.00 2,648,890.97 0.00 0.00 2,648,890.97 0.00
A-2 .... 249,845.18 0.00 249,845.18 0.00 0.00 249,845.18 0.00
A-3 .... 218,424.90 0.00 218,424.90 0.00 0.00 218,424.90 0.00
A-4 .... 87,056.50 0.00 87,056.50 0.00 0.00 87,056.50 0.00
B-1 .... 168,068.07 0.00 168,068.07 0.00 0.00 168,068.07 0.00
B-2 .... 64,641.57 0.00 64,641.57 0.00 0.00 64,641.57 0.00
B-3 .... 157,472.08 0.00 157,472.08 0.00 0.00 157,472.08 0.00
B-4 .... 44,990.33 0.00 44,990.33 0.00 0.00 44,990.33 0.00
B-5 .... 39,369.50 0.00 39,369.50 0.00 0.00 39,369.50 0.00
B-6 .... 59,680.63 0.00 59,680.63 0.00 0.00 59,680.62 0.00
B-7 .... 43,406.17 0.00 43,406.17 0.00 0.00 43,406.17 0.00
B-8 .... 32,554.63 0.00 32,554.63 0.00 0.00 32,554.63 0.00
C ...... 43,411.88 0.00 43,411.88 0.00 0.00 43,411.88 0.00
D ...... 54,259.23 0.00 54,259.23 0.00 343.39 53,915.84 343.39
E ...... 0.00 0.00 0.00 0.00 0.00 0.00 0.00
------------ ------------ ------------ ---------- ---------- ------------ ----------
5,171,422.40 0.00 5,171,422.40 0.00 343.39 5,171,079.00 343.39
============ ============ ============ ========== ========== ============ ==========
</TABLE>
Page - 6
<PAGE>
OTHER REQUIRED INFORMATION
Available Distribution Amount 5,618,333.19
Aggregate Number of Outstanding Loans 207
Aggregate Stated Principal Balance of Loans 759,967,012.09
Aggregate Unpaid Principal Balance of Loans 760,186,131.83
Aggregate Amount of Servicing Fee 26,992.82
Aggregate Amount of Special Servicing Fee 343.40
Aggregate Amount of Trustee Fee 1,457.52
Aggregate Trust Fund Expenses 0.00
Deferred Interest Received 0
Default Interest Received 0.00
AGGREGATE REDUCTION AMOUNT
Appraisal Date Appraisal
Loan Reduction Reduction
Number Effected Effected
<TABLE>
RATINGS DETAIL
<CAPTION>
Original Ratings Current Ratings(4)
------------------------------- -------------------------------
DCR FITCH MOODY'S S&P DCR FITCH MOODY'S S&P
Class CUSIP (2) (1) (2) (1) (2) (1) (2) (1)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
S ...... 69348HAA6 X AAA X AAAr X AAA X AAAr
A-1A ... 69348HAB4 X AAA X AAA X AAA X AAA
A-1B ... 69348HAC2 X AAA X AAA X AAA X AAA
A-2 .... 69348HAD0 X AA X AA X AA X AA
A-3 .... 69348HAE8 X A X A X A X A
A-4 .... 69348HAF5 X A- X A- X A- X A-
B-1 .... 69348HAG3 X BBB X BBB X BBB X BBB
B-2 .... 69348HAH1 X BBB- X BBB- X BBB- X BBB-
B-3 .... 69348HAJ7 X NR X BB+ X NR X BB+
B-4 .... 69348HAK4 X NR X BB X NR X BB
B-5 .... 69348HAL2 X NR X BB- X NR X BB-
B-6 .... 69348HAM0 X B+ X B+ X B+ X B+
B-7 .... 69348HAN8 X NR X B X NR X B
B-8 .... 69348HAP3 X B- X B- X B- X B-
C ...... 69348HAQ1 X NR X CCC X NR X CCC
D ...... 69348HAR9 X NR X NR X NR X NR
<FN>
(1) NR - Designates that the class was not rated by the above agency at the
time of original issuance.
(2) X - Designates that the above rating agency did not rate any classes
in this transaction at the time of original issuance.
(3) N/A- Data not available this period.
(4) For any class not rated at the time of the original issuance by
any particular rating agency, no request has been made subsequent to
issuance to obtain rating information, if any, from such rating agency.
The current ratings were obtained directly from the applicable
rating agency within 30 days of the payment date listed above. The ratings
may have changed since they were obtained. Because the ratings may have
changed, you may want to obtain current ratings directly from the rating
agencies.
</FN>
</TABLE>
Page - 7
<PAGE>
CURRENT MORTGAGE LOAN AND PROPERTY STRATIFICATION TABLES
<TABLE>
SCHEDULED BALANCE
<CAPTION>
% of Weighted
Scheduled # of Scheduled Aggregate WAM Average
Balance Loans Balance Balance (2) WAC DSCR (1)
<S> <C> <C> <C> <C> <C> <C>
Below 500,000 ................ 1 399,367.92 0.05 118 8.8800 1.420000
500,001 to 750,000 ........... 13 8,595,295.91 1.13 113 8.5518 1.362216
750,001 to 1,000,000 ......... 16 13,861,382.45 1.82 117 8.1740 1.522328
1,000,001 to 1,250,000 ....... 18 20,066,323.01 2.64 118 8.2046 1.509740
1,250,001 to 1,500,000 ....... 15 21,136,944.97 2.78 126 8.1291 1.440680
1,500,001 to 1,750,000 ....... 18 29,048,749.51 3.82 125 8.1086 1.424810
1,750,001 to 2,000,000 ....... 19 35,077,680.37 4.62 109 7.8633 1.492194
2,000,001 to 3,000,000 ....... 34 83,199,355.63 10.95 119 8.0655 1.413523
3,000,001 to 4,000,000 ....... 19 65,657,198.12 8.64 112 7.9383 1.430322
4,000,001 to 5,000,000 ....... 14 62,337,612.10 8.20 117 7.9696 1.410802
5,000,001 to 6,000,000 ....... 10 54,812,467.24 7.21 113 7.9638 1.249596
6,000,001 to 7,000,000 ....... 8 52,641,285.87 6.93 114 7.9276 1.275606
7,000,001 to 8,000,000 ....... 5 36,776,407.16 4.84 117 7.8922 1.328239
8,000,001 to 9,000,000 ....... 2 16,981,716.59 2.23 110 7.4636 1.380311
9,000,001 to 11,500,000 ...... 7 74,371,442.87 9.79 113 7.6742 1.512297
11,500,001 to 15,500,000 ..... 4 49,891,778.35 6.56 107 7.9736 1.231168
15,500,001 to 34,500,000 ..... 2 53,737,744.75 7.07 116 7.8649 1.368817
34,500,001 or Greater 2 ...... 81,374,259.27 10.71 117 8.3204 1.260000
--- -------------- ------ --- ------ --------
207 759,967,012.09 100.00 115 7.9824 1.375261
=== ============== ====== === ====== ========
<FN>
(1) Debt Service Coverage Ratios are updated periodically as new NOI figures
become available from borrowers on an asset level. In all cases the most
current DSCR provided by the Servicer is used. To the extent that no DSCR
is provided by the Servicer, information from the offering document is
used. The Trustee makes no representation as to the accuracy of the data
provided by the borrower for this calculation.
(2) Anticiapted Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date,
if applicable, and the maturity date.
</FN>
</TABLE>
Page - 8
<PAGE>
<TABLE>
STATE
<CAPTION>
% of Weighted
# of Scheduled Aggregate WAM Average
State (3) Loans Balance Balance (2) WAC DSCR (1)
<S> <C> <C> <C> <C> <C> <C>
Arizona ...................... 7 14,687,231.13 1.93 109 7.8695 1.449724
Arkansas ..................... 5 8,866,546.06 1.17 117 8.3974 1.559893
California ................... 31 114,271,970.88 15.04 117 8.0804 1.485389
Colorado ..................... 8 22,882,207.28 3.01 108 8.2673 1.407074
Connecticut .................. 5 10,653,960.96 1.40 116 8.3408 1.276336
Florida ...................... 17 60,332,444.02 7.94 115 8.1050 1.387274
Georgia ...................... 9 21,841,485.51 2.87 127 8.0358 1.382475
Idaho ........................ 1 1,410,985.86 0.19 226 6.9500 1.640000
Indiana ...................... 4 9,936,144.30 1.31 137 8.0488 1.149927
Iowa ......................... 1 1,436,349.50 0.19 174 8.0300 1.550000
Kansas ....................... 5 7,166,488.52 0.94 100 7.5614 1.331515
Kentucky ..................... 1 5,712,617.89 0.75 116 8.1700 1.340000
Louisiana .................... 5 6,396,930.06 0.84 110 7.5975 1.625972
Maryland ..................... 3 11,830,540.50 1.56 115 7.9385 1.391422
Massachusetts ................ 7 41,190,147.24 5.42 115 7.9664 1.009474
Michigan ..................... 4 48,851,579.54 6.43 116 8.0219 1.262303
Minnesota .................... 3 12,857,652.45 1.69 118 8.4034 1.405650
Mississippi .................. 1 2,159,293.62 0.28 114 8.1000 1.370000
Nebraska ..................... 1 5,594,292.43 0.74 118 8.3600 1.210000
Nevada ....................... 2 3,432,719.02 0.45 114 8.0850 1.279203
New Hampshire ................ 4 12,639,366.41 1.66 105 7.1612 1.431140
New Jersey ................... 5 16,740,160.05 2.20 116 8.1996 1.498508
New Mexico ................... 2 1,987,511.54 0.26 113 8.2800 1.631500
New York ..................... 11 70,704,873.54 9.30 120 8.4678 1.258321
Ohio ......................... 3 6,083,945.60 0.80 110 7.4520 1.315130
Oklahoma ..................... 8 47,812,029.67 6.29 113 7.4081 1.509903
Oregon ....................... 3 4,588,239.17 0.60 109 7.4869 1.539861
Pennsylvania ................. 10 35,527,519.49 4.67 111 7.3749 1.303534
Tennessee .................... 2 14,557,615.55 1.92 87 8.5120 1.334241
Texas ........................ 31 88,224,342.88 11.61 115 7.8543 1.427569
Utah ......................... 2 4,184,475.49 0.55 115 8.1836 0.776974
Vermont ...................... 1 3,808,790.91 0.50 105 7.2600 2.140000
Virginia ..................... 6 26,863,276.53 3.53 115 7.9647 1.402171
Washington ................... 2 5,926,101.29 0.78 104 7.4325 1.579608
Wisconsin .................... 2 8,807,177.21 1.16 114 7.9496 1.407961
--- -------------- ------ --- ------ --------
212 759,967,012.09 100.00 115 7.9824 1.375261
=== ============== ====== === ====== ========
<FN>
(1) Debt Service Coverage Ratios are updated periodically as new NOI figures
become available from borrowers on an asset level. In all cases the most
current DSCR provided by the Servicer is used. To the extent that no DSCR
is provided by the Servicer, information from the offering document is
used. The Trustee makes no representation as to the accuracy of the data
provided by the borrower for this calculation.
(2) Anticiapted Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date,
if applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro-rata the current loan
information to the properties based upon the Cut-off Date balance of each
property as disclosed in the offering document.
</FN>
</TABLE>
Page - 9
<PAGE>
<TABLE>
SEASONING
<CAPTION>
% of Weighted
# of Scheduled Aggregate WAM Average
Seasoning Loans Balance Balance (2) WAC DSCR (1)
<S> <C> <C> <C> <C> <C> <C>
12 months or less ............ 168 637,823,490.65 83.93 117 8.1566 1.342247
13 to 24 months .............. 39 122,143,521.44 16.07 107 7.0727 1.547093
25 to 36 months .............. 0 0.00 0.00 0 0.0000 0.000000
37 to 48 months .............. 0 0.00 0.00 0 0.0000 0.000000
49 months and greater ........ 0 0.00 0.00 0 0.0000 0.000000
- ------------------------------ --- -------------- ------ --- ------ --------
207 759,967,012.09 100.00 115 7.9824 1.375261
=== ============== ====== === ====== ========
<FN>
(1) Debt Service Coverage Ratios are updated periodically as new NOI figures
become available from borrowers on an asset level. In all cases the most
current DSCR provided by the Servicer is used. To the extent that no DSCR
is provided by the Servicer, information from the offering document is
used. The Trustee makes no representation as to the accuracy of the data
provided by the borrower for this calculation.
(2) Anticiapted Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date,
if applicable, and the maturity date.
</FN>
</TABLE>
<TABLE>
DEBT SERVICE COVERAGE RATIO (1)
<CAPTION>
% of Weighted
Debt Service # of Scheduled Aggregate WAM Average
Coverage Ratio Loans Balance Balance (2) WAC DSCR (1)
<S> <C> <C> <C> <C> <C> <C>
CTL .......................... 1 2,091,323.84 0.28 240 8.1400 NAP
Less than Zero ............... 1 5,387,011.30 0.71 116 7.7700 -0.249999
Zero to 1.19 ................. 12 38,535,379.94 5.07 118 8.1097 0.753371
1.20 to 1.21 ................. 8 38,526,434.67 5.07 117 8.0944 1.208444
1.22 to 1.29 ................. 49 234,533,755.58 30.86 117 8.1720 1.254037
1.30 to 1.34 ................. 27 87,822,755.29 11.56 109 8.1288 1.313714
1.35 to 1.39 ................. 14 64,518,386.92 8.49 114 7.9053 1.374008
1.40 and Greater ............. 95 288,551,964.55 37.97 114 7.7717 1.628471
- ------------------------------ --- -------------- ------ --- ------ --------
207 759,967,012.09 100.00 115 7.9824 1.375261
=== ============== ====== === ====== ========
<FN>
(1) Debt Service Coverage Ratios are updated periodically as new NOI figures
become available from borrowers on an asset level. In all cases the most
current DSCR provided by the Servicer is used. To the extent that no DSCR
is provided by the Servicer, information from the offering document is
used. The Trustee makes no representation as to the accuracy of the data
provided by the borrower for this calculation.
(2) Anticiapted Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date,
if applicable, and the maturity date.
</FN>
</TABLE>
Page - 10
<PAGE>
<TABLE>
PROPERTY TYPE (3)
<CAPTION>
% of Weighted
# of Scheduled Aggregate WAM Average
Property Type Loans Balance Balance (2) WAC DSCR (1)
<S> <C> <C> <C> <C> <C> <C>
Credit Tenant Lease .......... 1 2,091,323.84 0.28 240 8.1400 NAP
Industrial ................... 17 39,497,980.11 5.20 117 8.0265 1.327087
Lodging ...................... 6 32,030,812.46 4.21 115 8.4258 1.867728
Manufactured Housing ......... 6 18,241,590.65 2.40 101 7.0764 1.564373
Mixed Use .................... 7 25,497,546.35 3.36 116 8.3502 1.079098
Multifamily .................. 84 295,744,732.63 38.92 114 7.7356 1.382407
Office ....................... 37 134,885,437.32 17.75 114 8.1777 1.408183
Retail ....................... 43 201,165,823.55 26.47 116 8.1401 1.285239
Self Storage ................. 11 10,811,765.18 1.42 122 8.5175 1.540442
--- -------------- ------ --- ------ --------
212 759,967,012.09 100.00 115 7.9824 1.375261
=== ============== ====== === ====== ========
<FN>
(1) Debt Service Coverage Ratios are updated periodically as new NOI figures
become available from borrowers on an asset level. In all cases the most
current DSCR provided by the Servicer is used. To the extent that no DSCR
is provided by the Servicer, information from the offering document is
used. The Trustee makes no representation as to the accuracy of the data
provided by the borrower for this calculation.
(2) Anticiapted Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date,
if applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro-rata the current loan
information to the properties based upon the Cut-off Date balance of each
property as disclosed in the offering document.
</FN>
</TABLE>
<TABLE>
ANTICIPATED REMAINING TERM (ARD AND BALLOON LOANS)
<CAPTION>
% of Weighted
Anticipated # of Scheduled Aggregate WAM Average
Remaining Term (2) Loans Balance Balance (2) WAC DSCR (1)
<S> <C> <C> <C> <C> <C> <C>
114 months or less ........... 63 241,876,106.21 31.83 105 7.5227 1.390087
115 to 119 months ............ 132 492,415,526.88 64.79 117 8.2121 1.368080
120 to 199 months ............ 6 16,197,891.79 2.13 153 7.8037 1.432567
200 months or greater ........ 1 2,091,323.84 0.28 240 8.1400 NAP
- ------------------------------ --- -------------- ------ --- ------ --------
202 752,580,848.72 99.03 114 7.9815 1.376565
=== ============== ====== === ====== ========
<FN>
(1) Debt Service Coverage Ratios are updated periodically as new NOI figures
become available from borrowers on an asset level. In all cases the most
current DSCR provided by the Servicer is used. To the extent that no DSCR
is provided by the Servicer, information from the offering document is
used. The Trustee makes no representation as to the accuracy of the data
provided by the borrower for this calculation.
(2) Anticiapted Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date,
if applicable, and the maturity date.
</FN>
</TABLE>
Page - 11
<PAGE>
<TABLE>
REMAINING STATED TERM (FULLY AMORTIZING LOANS)
<CAPTION>
% of Weighted
Remaining # of Scheduled Aggregate WAM Average
Stated Term Loans Balance Balance (2) WAC DSCR (1)
<S> <C> <C> <C> <C> <C> <C>
114 months or less ........... 0 0.00 0.00 0 0.0000 0.000000
115 to 119 months ............ 0 0.00 0.00 0 0.0000 0.000000
120 to 199 months ............ 3 4,324,068.91 0.57 176 8.4974 1.182995
200 months or greater ........ 2 3,062,094.46 0.40 232 7.4569 1.327259
- ------------------------------ --- -------------- ------ --- ------ --------
5 7,386,163.37 0.97 199 8.0660 1.242803
=== ============== ====== === ====== ========
<FN>
(1) Debt Service Coverage Ratios are updated periodically as new NOI figures
become available from borrowers on an asset level. In all cases the most
current DSCR provided by the Servicer is used. To the extent that no DSCR
is provided by the Servicer, information from the offering document is
used. The Trustee makes no representation as to the accuracy of the data
provided by the borrower for this calculation.
(2) Anticiapted Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date,
if applicable, and the maturity date.
</FN>
</TABLE>
<TABLE>
REMAINING AMORTIZATION TERM (ARD AND BALLOON LOANS)
<CAPTION>
% of Weighted
Remaining # of Scheduled Aggregate WAM Average
Amortization Term Loans Balance Balance (2) WAC DSCR (1)
<S> <C> <C> <C> <C> <C> <C>
238 months or less ........... 6 7,419,059.71 0.98 127 8.3473 1.190425
239 to 298 months ............ 67 149,229,001.88 19.64 116 8.0842 1.549541
299 to 312 months ............ 0 0.00 0.00 0 0.0000 0.000000
313 months and greater ....... 129 595,932,787.13 78.42 114 7.9513 1.336174
- ------------------------------ --- -------------- ------ --- ------ --------
202 752,580,848.72 99.03 114 7.9815 1.376565
=== ============== ====== === ====== ========
<FN>
(1) Debt Service Coverage Ratios are updated periodically as new NOI figures
become available from borrowers on an asset level. In all cases the most
current DSCR provided by the Servicer is used. To the extent that no DSCR
is provided by the Servicer, information from the offering document is
used. The Trustee makes no representation as to the accuracy of the data
provided by the borrower for this calculation.
(2) Anticiapted Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date,
if applicable, and the maturity date.
</FN>
</TABLE>
<TABLE>
AGE OF MOST RECENT NOI
<CAPTION>
% of Weighted
Age of Most # of Scheduled Aggregate WAM Average
Recent NOI Loans Balance Balance (2) WAC DSCR (1)
<S> <C> <C> <C> <C> <C> <C>
Underwriter's Information .... 88 396,234,838.87 52.14 116 8.1951 1.305013
1 year or less ............... 51 165,261,235.87 21.75 116 7.7291 1.542825
1 to 2 years ................. 68 198,470,937.35 26.12 113 7.7685 1.377748
2 years or greater ........... 0 0.00 0.00 0 0.0000 0.000000
- ------------------------------ --- -------------- ------ --- ------ --------
207 759,967,012.09 100.00 115 7.9824 1.375261
=== ============== ====== === ====== ========
<FN>
(1) Debt Service Coverage Ratios are updated periodically as new NOI figures
become available from borrowers on an asset level. In all cases the most
current DSCR provided by the Servicer is used. To the extent that no DSCR
is provided by the Servicer, information from the offering document is
used. The Trustee makes no representation as to the accuracy of the data
provided by the borrower for this calculation.
(2) Anticiapted Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date,
if applicable, and the maturity date.
</FN>
</TABLE>
Page - 12
<PAGE>
<TABLE>
MORTGAGE LOAN DETAIL
<CAPTION>
OD Anticipated Neg.
CR Prop Interest Principal Gross Repayment Maturity Amort
No Type(1) City State Payment Payment Coupon Date Date (Y/N)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 RT Saratoga Springs NY 332,276.88 16,288.75 0.0858 11/01/2009 11/01/2029 N
2 RT Lansing MI 250,991.13 16,832.94 0.0800 N/A 09/01/2009 N
3 MF Various Various 218,464.05 16,822.18 0.0774 N/A 07/01/2009 N
4 OF Palo Alto CA 145,655.06 9,314.77 0.0806 N/A 11/01/2009 N
5 MF Oklahoma City OK 86,833.93 7,608.21 0.0743 N/A 09/01/2009 N
6 MF Tulsa OK 83,427.85 6,210.08 0.0776 N/A 10/01/2009 N
7 OF Memphis TN 90,261.90 4,411.53 0.0860 N/A 10/01/2006 N
8 MU Boston MA 82,200.47 5,122.62 0.0818 N/A 07/01/2009 N
9 MF New York NY 81,525.12 4,600.61 0.0831 N/A 11/01/2009 N
10 MH York PA 61,855.44 9,476.43 0.0632 N/A 11/01/2008 N
11 MF Lauderhill FL 77,494.77 4,681.03 0.0819 N/A 10/01/2009 N
12 RT Jensen Beach FL 76,546.30 4,859.01 0.0809 N/A 10/01/2009 N
13 MF El Paso TX 59,143.38 7,836.48 0.0670 N/A 09/01/2008 N
14 LO Los Angeles CA 74,237.70 7,298.35 0.0865 N/A 08/01/2009 N
15 MF Kingwood TX 60,951.41 5,343.91 0.0748 N/A 06/01/2009 N
16 MF North Little Rock AR 31,199.92 1,970.76 0.0810 N/A 10/01/2009 N
17 RT North Little Rock AR 13,150.70 608.93 0.0870 N/A 10/01/2009 N
18 RT North Little Rock AR 8,150.89 377.42 0.0870 N/A 10/01/2009 N
19 RT Sherwood AR 6,406.94 296.67 0.0870 N/A 10/01/2009 N
20 RT North Little Rock AR 5,231.84 242.25 0.0870 N/A 10/01/2009 N
21 RT Manchester/Hooksett NH 48,913.72 7,931.55 0.0689 08/01/2008 08/01/2028 N
22 RT Washington Township MI 58,670.79 3,789.07 0.0804 N/A 11/01/2009 N
23 OF San Diego CA 54,255.96 3,656.38 0.0799 N/A 09/01/2009 N
24 OF Burbank CA 50,795.54 3,553.85 0.0789 N/A 10/01/2009 N
25 MF Oklahoma City OK 45,970.90 4,027.88 0.0743 N/A 09/01/2009 N
26 MF Dallas TX 52,807.26 2,602.54 0.0857 N/A 11/01/2009 N
27 MF Orlando FL 46,223.98 3,761.01 0.0757 N/A 10/01/2009 N
28 RT Selma CA 50,119.59 2,813.94 0.0832 N/A 10/01/2009 N
29 OF Holmdel NJ 47,306.74 3,226.85 0.0798 N/A 08/01/2009 N
30 MF Waco TX 46,333.06 2,926.66 0.0810 N/A 10/01/2009 N
31 MF Victoria TX 45,054.37 3,232.00 0.0789 N/A 07/01/2009 N
32 MF Revere MA 44,192.45 3,095.07 0.0791 N/A 09/01/2009 N
33 MF Oklahoma City OK 38,173.62 4,789.59 0.0686 N/A 07/01/2008 N
34 LO Brookfield WI 45,722.32 4,854.50 0.0837 N/A 11/01/2009 N
35 RT Pittsfield MA 42,660.69 5,489.25 0.0796 N/A 06/01/2009 N
36 OF Louisville KY 40,207.31 2,481.15 0.0817 N/A 09/01/2009 N
37 MF Mesa AZ 35,305.18 4,025.28 0.0719 N/A 02/01/2008 N
38 LO Eden Prairie MN 40,646.06 4,315.54 0.0837 N/A 11/01/2009 N
39 RT Omaha NE 40,288.64 2,216.13 0.0836 N/A 11/01/2009 N
40 RT Sun City CA 35,528.07 6,114.82 0.0742 N/A 06/01/2008 N
41 MF Haverhill MA 39,231.27 2,135.86 0.0838 N/A 11/01/2009 N
42 OF New Brighton MN 38,783.55 2,216.35 0.0830 N/A 10/01/2009 N
43 MF State College PA 36,061.66 2,699.26 0.0777 N/A 09/01/2009 N
44 OF Colorado Springs CO 34,863.28 2,712.09 0.0774 N/A 06/01/2009 N
45 MF Anderson IN 35,187.78 2,385.91 0.0794 N/A 11/01/2009 N
46 MF Killeen TX 36,876.58 1,817.42 0.0857 N/A 11/01/2009 N
47 MF Azusa CA 31,818.28 3,284.81 0.0744 N/A 01/01/2013 N
48 IN Pacoima CA 23,077.71 1,436.25 0.0813 N/A 10/01/2009 N
49 IN Sylmar CA 11,518.08 1,359.31 0.0813 N/A 09/01/2009 N
50 OF Maitland FL 31,948.08 2,142.62 0.0800 N/A 09/01/2009 N
51 OF Decatur GA 32,211.59 1,907.09 0.0823 N/A 10/01/2009 N
52 MU Boston MA 31,723.40 4,269.08 0.0816 N/A 05/01/2010 N
53 IN Newark NJ 33,114.07 3,303.28 0.0856 N/A 10/01/2009 N
54 MF Spokane WA 27,408.98 3,075.59 0.0718 N/A 04/01/2008 N
55 RT Chula Vista CA 28,496.28 2,419.94 0.0755 N/A 06/01/2009 N
56 IN Norwood MA 24,908.77 5,391.60 0.0664 N/A 11/01/2008 N
57 RT Santa Maria CA 28,607.75 2,220.53 0.0776 N/A 05/01/2009 N
58 RT Norwalk CT 31,767.48 2,038.56 0.0879 N/A 11/01/2009 N
59 LO Thornton CO 30,581.08 2,904.25 0.0867 N/A 11/01/2009 N
<FN>
(1) Property Type Code WH - Warehouse SS - Self Storage
MF - Multifamily MH - Mobile Home Park OT - Other
RT - Retail OF - Office
HC - Health Care MU - Mixed Use
IN - Industrial LO - Lodging
</FN>
</TABLE>
Page - 13
<PAGE>
<TABLE>
MORTGAGE LOAN DETAIL, Continued
<CAPTION>
OD Beginning Ending Paid Appraisal Appraisal Res. Mod.
CR Scheduled Scheduled Thru Reduction Reduction Strat Code
No Balance Balance Date Date Amount (2) (3)
<S> <C> <C> <C> <C> <C> <C> <C>
1 44,973,184.37 44,956,895.62 12/01/1999 -- -- -- --
2 36,434,196.59 36,417,363.65 01/01/2000 -- -- -- --
3 32,777,801.53 32,760,979.35 01/01/2000 -- -- -- --
4 20,986,080.17 20,976,765.40 01/01/2000 -- -- -- --
5 13,571,925.21 13,564,317.00 12/01/1999 -- -- -- --
6 12,485,045.74 12,478,835.66 01/01/2000 -- -- -- --
7 12,188,403.25 12,183,991.72 12/01/1999 -- -- -- --
8 11,669,756.59 11,664,633.97 01/01/2000 -- -- -- --
9 11,392,819.27 11,388,218.66 12/01/1999 -- -- -- --
10 11,365,842.14 11,356,365.71 12/01/1999 -- -- -- --
11 10,988,269.52 10,983,588.49 12/01/1999 -- -- -- --
12 10,987,945.80 10,983,086.79 12/01/1999 -- -- -- --
13 10,251,140.16 10,243,303.68 12/01/1999 -- -- -- --
14 9,966,649.54 9,959,351.19 01/01/2000 -- -- -- --
15 9,462,872.26 9,457,528.35 12/01/1999 -- -- -- --
16 4,473,106.12 4,471,135.36 12/01/1999 -- -- -- --
17 1,755,377.52 1,754,768.59 12/01/1999 -- -- -- --
18 1,087,994.38 1,087,616.96 12/01/1999 -- -- -- --
19 855,209.54 854,912.87 12/01/1999 -- -- -- --
20 698,354.53 698,112.28 12/01/1999 -- -- -- --
21 8,519,081.07 8,511,149.52 12/01/1999 -- -- -- --
22 8,474,356.14 8,470,567.07 12/01/1999 -- -- -- --
23 7,885,722.99 7,882,066.61 01/01/2000 -- -- -- --
24 7,476,346.46 7,472,792.61 01/01/2000 -- -- -- --
25 7,185,136.87 7,181,108.99 12/01/1999 -- -- -- --
26 7,155,724.53 7,153,121.99 01/01/2000 -- -- -- --
27 7,091,077.97 7,087,316.96 12/01/1999 -- -- -- --
28 6,995,599.80 6,992,785.86 12/01/1999 -- -- -- --
29 6,884,317.49 6,881,090.64 01/01/2000 -- -- -- --
30 6,642,732.40 6,639,805.74 12/01/1999 -- -- -- --
31 6,631,331.45 6,628,099.45 12/01/1999 -- -- -- --
32 6,488,023.53 6,484,928.46 01/01/2000 -- -- -- --
33 6,462,194.41 6,457,404.82 12/01/1999 -- -- -- --
34 6,343,714.43 6,338,859.93 01/01/2000 -- -- -- --
35 6,223,800.22 6,218,310.97 01/01/2000 -- -- -- --
36 5,715,099.04 5,712,617.89 12/01/1999 -- -- -- --
37 5,702,303.09 5,698,277.81 12/01/1999 -- -- -- --
38 5,639,412.28 5,635,096.74 01/01/2000 -- -- -- --
39 5,596,508.56 5,594,292.43 12/01/1999 -- -- -- --
40 5,560,431.15 5,554,316.33 12/01/1999 -- -- -- --
41 5,436,622.20 5,434,486.34 01/01/2000 -- -- -- --
42 5,426,380.19 5,424,163.84 12/01/1999 -- -- -- --
43 5,389,710.56 5,387,011.30 01/01/2000 -- -- -- --
44 5,230,800.42 5,228,088.33 01/01/2000 -- -- -- --
45 5,146,502.14 5,144,116.23 12/01/1999 -- -- -- --
46 4,997,014.33 4,995,196.91 01/01/2000 -- -- -- --
47 4,966,432.83 4,963,148.02 12/01/1999 -- -- -- --
48 3,296,422.77 3,294,986.52 01/01/2000 -- -- -- --
49 1,645,244.24 1,643,884.93 01/01/2000 -- -- -- --
50 4,637,624.04 4,635,481.42 01/01/2000 -- -- -- --
51 4,545,200.81 4,543,293.72 01/01/2000 -- -- -- --
52 4,514,715.67 4,510,446.59 12/01/1999 -- -- -- --
53 4,492,412.14 4,489,108.86 01/01/2000 -- -- -- --
54 4,433,117.58 4,430,041.99 01/01/2000 -- -- -- --
55 4,383,105.86 4,380,685.92 12/01/1999 -- -- -- --
56 4,356,373.22 4,350,981.62 01/01/2000 -- -- -- --
57 4,281,173.84 4,278,953.31 01/01/2000 -- -- -- --
58 4,196,958.96 4,194,920.40 12/01/1999 -- -- -- --
59 4,096,137.17 4,093,232.92 12/01/1999 -- -- -- --
<FN>
(2) Resolution Strategy Code:
1 - Modification 8 - Resolved
2 - Foreclosure 9 - Pending Return to Master Servicer
3 - Bankruptcy 10 - Deed in Lieu Of Foreclosure
4 - Extension 11 - Full Payoff
5 - Note Sale 12 - Reps and Warranties
6 - DPO 13 - Other or TBD
7 - REO
(3) Modification Code
1 - Maturity Date Extension
2 - Amortization Change
3 - Principal Write-Off
4 - Combination
</FN>
</TABLE>
Page - 14
<PAGE>
<TABLE>
MORTGAGE LOAN DETAIL
<CAPTION>
OD Anticipated Neg.
CR Prop Interest Principal Gross Repayment Maturity Amort
No Type(1) City State Payment Payment Coupon Date Date (Y/N)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
60 MF Cape Canaveral FL 27,404.94 2,171.48 0.0795 N/A 05/01/2008 N
61 MF Dallas TX 28,033.59 1,764.37 0.0816 N/A 07/01/2009 N
62 OF Los Angeles CA 27,722.18 1,604.64 0.0826 N/A 11/01/2009 N
63 OF Miami FL 27,117.42 1,717.20 0.0808 N/A 11/01/2009 N
64 MF Midwest City OK 23,032.62 2,757.21 0.0694 N/A 09/01/2008 N
65 LO South Burlington VT 23,837.52 4,196.22 0.0726 N/A 10/01/2008 N
66 OF Colorado Springs CO 25,562.69 1,508.22 0.0826 N/A 09/01/2009 N
67 MF Alvin TX 22,555.52 2,125.03 0.0730 N/A 07/01/2009 N
68 OF Upper Dublin Township PA 24,438.06 1,456.39 0.0824 N/A 09/01/2009 N
69 MF Desoto TX 22,551.84 1,656.65 0.0784 N/A 07/01/2009 N
70 MF State College PA 19,639.24 2,401.46 0.0689 09/01/2008 09/01/2028 N
71 OF St. Helena CA 23,172.94 1,410.37 0.0816 N/A 11/01/2009 N
72 IN Zilwaukee MI 23,049.25 1,441.61 0.0812 N/A 10/01/2009 N
73 RT Bowling Green OH 19,523.74 2,341.78 0.0690 11/01/2008 11/01/2028 N
74 MF Bedford TX 23,310.94 1,334.08 0.0835 N/A 07/01/2006 N
75 RT Oceanside CA 22,748.82 1,355.54 0.0827 N/A 07/01/2009 N
76 MU Williamsport PA 25,098.27 2,041.46 0.0913 09/01/2009 09/01/2024 N
77 RT Waterford CT 22,188.47 2,563.57 0.0821 N/A 08/01/2009 N
78 IN Cerritos CA 22,401.11 1,463.47 0.0861 N/A 10/01/2009 N
79 OF Aurora CO 21,951.02 2,246.24 0.0852 N/A 09/01/2009 N
80 IN Hackettstown NJ 20,786.74 2,507.03 0.0807 N/A 09/01/2009 N
81 OF Ft Lauderdale FL 19,853.62 1,425.76 0.0791 N/A 06/01/2009 N
82 MU Freeport NY 21,596.82 2,098.91 0.0863 N/A 10/01/2009 N
83 RT Atlanta GA 20,883.54 2,169.95 0.0845 N/A 10/01/2009 N
84 SS Palm Bay FL 9,931.62 871.31 0.0888 N/A 11/01/2009 N
85 SS Bradenton FL 8,403.68 737.26 0.0888 N/A 11/01/2009 N
86 SS West Melbourne FL 3,055.88 268.10 0.0888 N/A 11/01/2009 N
87 MF Upper Darby Township PA 18,786.01 1,389.75 0.0781 N/A 08/01/2009 N
88 MH Montrose CO 18,666.03 1,239.81 0.0805 N/A 07/01/2004 N
89 MF Salem OR 5,142.56 596.38 0.0703 N/A 08/01/2008 N
90 MF Mcminnville OR 11,002.70 1,275.96 0.0703 N/A 08/01/2008 N
91 RT Woodbridge VA 18,868.46 1,056.50 0.0834 N/A 10/01/2009 N
92 MF Dallas TX 15,483.01 1,768.52 0.0705 N/A 09/01/2008 N
93 OF Big Flats NY 18,556.87 6,598.50 0.0851 N/A 09/01/2014 N
94 IN Northborough MA 17,843.63 3,754.17 0.0819 N/A 08/01/2009 N
95 RT San Leandro CA 16,859.56 2,171.62 0.0784 N/A 11/01/2009 N
96 MF Hampton VA 17,504.67 1,084.02 0.0814 N/A 10/01/2009 N
97 RT Columbia MD 17,967.53 1,007.81 0.0836 N/A 09/01/2009 N
98 MF Bayside WI 14,612.81 1,802.06 0.0687 09/01/2008 09/01/2028 N
99 MF Jacksonville FL 16,414.86 1,478.17 0.0774 N/A 02/01/2008 N
100 RT Sun City CA 17,154.57 1,062.35 0.0814 N/A 10/01/2009 N
101 MF San Marcos TX 16,654.50 1,156.76 0.0798 N/A 06/01/2014 N
102 IN Park City UT 17,363.23 937.83 0.0841 N/A 10/01/2009 N
103 MF Dallas TX 14,603.09 2,706.85 0.0711 N/A 10/01/2008 N
104 RT Farragut TN 16,481.77 1,081.48 0.0806 N/A 08/01/2009 N
105 IN Hampton VA 17,082.59 1,709.38 0.0853 N/A 11/01/2009 N
106 OF Peoria AZ 16,469.12 981.49 0.0824 N/A 09/01/2009 N
107 RT Santa Maria CA 16,469.12 981.49 0.0824 N/A 09/01/2009 N
108 MF Houston TX 16,270.12 1,906.25 0.0815 N/A 09/01/2009 N
109 LO Weeki Wachee FL 17,554.97 1,330.99 0.0928 N/A 10/01/2009 N
110 OF Springfield VA 14,889.16 1,930.80 0.0789 N/A 08/01/2009 N
111 MF Meridian MS 15,067.89 976.71 0.0810 N/A 07/01/2009 N
112 MF Arlington TX 14,702.94 1,819.96 0.0795 N/A 11/01/2009 N
113 OF Clearwater FL 15,156.86 875.00 0.0828 N/A 10/01/2009 N
114 CL Atlanta GA 14,668.28 1,320.76 0.0814 N/A 01/01/2020 N
115 RT Rostraver Township PA 14,708.26 890.74 0.0817 N/A 11/01/2009 N
116 MF Manchester NH 12,211.55 2,470.44 0.0688 N/A 09/01/2008 N
117 RT San Diego CA 14,116.85 1,986.43 0.0798 N/A 07/01/2008 N
<FN>
(1) Property Type Code WH - Warehouse SS - Self Storage
MF - Multifamily MH - Mobile Home Park OT - Other
RT - Retail OF - Office
HC - Health Care MU - Mixed Use
IN - Industrial LO - Lodging
</FN>
</TABLE>
Page - 15
<PAGE>
<TABLE>
MORTGAGE LOAN DETAIL, Continued
<CAPTION>
OD Beginning Ending Paid Appraisal Appraisal Res. Mod.
CR Scheduled Scheduled Thru Reduction Reduction Strat Code
No Balance Balance Date Date Amount (2) (3)
<S> <C> <C> <C> <C> <C> <C> <C>
60 4,003,156.54 4,000,985.06 12/01/1999 -- -- -- --
61 3,989,600.28 3,987,835.91 12/01/1999 -- -- -- --
62 3,897,518.18 3,895,913.54 12/01/1999 -- -- -- --
63 3,897,425.38 3,895,708.18 12/01/1999 -- -- -- --
64 3,854,115.07 3,851,357.86 12/01/1999 -- -- -- --
65 3,812,987.13 3,808,790.91 01/01/2000 -- -- -- --
66 3,593,911.02 3,592,402.80 12/01/1999 -- -- -- --
67 3,588,151.00 3,586,025.97 12/01/1999 -- -- -- --
68 3,444,135.71 3,442,679.32 12/01/1999 -- -- -- --
69 3,340,463.70 3,338,807.05 12/01/1999 -- -- -- --
70 3,310,139.50 3,307,738.04 01/01/2000 -- -- -- --
71 3,297,856.69 3,296,446.32 12/01/1999 -- -- -- --
72 3,296,413.02 3,294,971.41 01/01/2000 -- -- -- --
73 3,285,903.11 3,283,561.33 12/01/1999 -- -- -- --
74 3,242,007.91 3,240,673.83 12/01/1999 -- -- -- --
75 3,194,436.43 3,193,080.89 01/01/2000 -- -- -- --
76 3,192,373.91 3,190,332.45 01/01/2000 -- -- -- --
77 3,138,520.06 3,135,956.49 01/01/2000 -- -- -- --
78 3,021,392.77 3,019,929.30 01/01/2000 -- -- -- --
79 2,991,960.71 2,989,714.47 12/01/1999 -- -- -- --
80 2,991,256.95 2,988,749.92 12/01/1999 -- -- -- --
81 2,914,767.61 2,913,341.85 01/01/2000 -- -- -- --
82 2,906,161.42 2,904,062.51 01/01/2000 -- -- -- --
83 2,870,042.41 2,867,872.46 01/01/2000 -- -- -- --
84 1,298,817.07 1,297,945.76 01/01/2000 -- -- -- --
85 1,098,999.06 1,098,261.80 01/01/2000 -- -- -- --
86 399,636.02 399,367.92 01/01/2000 -- -- -- --
87 2,793,343.78 2,791,954.03 01/01/2000 -- -- -- --
88 2,692,754.86 2,691,515.05 01/01/2000 -- -- -- --
89 849,503.66 848,907.28 01/01/2000 -- -- -- --
90 1,817,542.69 1,816,266.73 01/01/2000 -- -- -- --
91 2,627,309.15 2,626,252.65 01/01/2000 -- -- -- --
92 2,550,392.85 2,548,624.33 12/01/1999 -- -- -- --
93 2,532,304.71 2,525,706.21 01/01/2000 -- -- -- --
94 2,530,113.46 2,526,359.29 01/01/2000 -- -- -- --
95 2,497,302.15 2,495,130.53 01/01/2000 -- -- -- --
96 2,497,297.34 2,496,213.32 01/01/2000 -- -- -- --
97 2,495,875.57 2,494,867.76 01/01/2000 -- -- -- --
98 2,470,119.34 2,468,317.28 01/01/2000 -- -- -- --
99 2,462,844.52 2,461,366.35 12/01/1999 -- -- -- --
100 2,447,351.39 2,446,289.04 12/01/1999 -- -- -- --
101 2,423,648.28 2,422,491.52 01/01/2000 -- -- -- --
102 2,397,592.10 2,396,654.27 01/01/2000 -- -- -- --
103 2,385,151.22 2,382,444.37 12/01/1999 -- -- -- --
104 2,374,705.31 2,373,623.83 01/01/2000 -- -- -- --
105 2,325,655.52 2,323,946.14 01/01/2000 -- -- -- --
106 2,321,047.98 2,320,066.49 01/01/2000 -- -- -- --
107 2,321,047.98 2,320,066.49 01/01/2000 -- -- -- --
108 2,318,323.44 2,316,417.19 12/01/1999 -- -- -- --
109 2,196,811.76 2,195,480.77 01/01/2000 -- -- -- --
110 2,191,463.00 2,189,532.20 01/01/2000 -- -- -- --
111 2,160,270.33 2,159,293.62 12/01/1999 -- -- -- --
112 2,147,720.85 2,145,900.89 01/01/2000 -- -- -- --
113 2,125,786.19 2,124,911.19 01/01/2000 -- -- -- --
114 2,092,644.60 2,091,323.84 01/01/2000 -- -- -- --
115 2,090,644.03 2,089,753.29 12/01/1999 -- -- -- --
116 2,061,213.58 2,058,743.14 12/01/1999 -- -- -- --
117 2,054,355.77 2,052,369.34 12/01/1999 -- -- -- --
<FN>
(2) Resolution Strategy Code:
1 - Modification 8 - Resolved
2 - Foreclosure 9 - Pending Return to Master Servicer
3 - Bankruptcy 10 - Deed in Lieu Of Foreclosure
4 - Extension 11 - Full Payoff
5 - Note Sale 12 - Reps and Warranties
6 - DPO 13 - Other or TBD
7 - REO
(3) Modification Code
1 - Maturity Date Extension
2 - Amortization Change
3 - Principal Write-Off
4 - Combination
</FN>
</TABLE>
Page - 16
<PAGE>
<TABLE>
MORTGAGE LOAN DETAIL
<CAPTION>
OD Anticipated Neg.
CR Prop Interest Principal Gross Repayment Maturity Amort
No Type(1) City State Payment Payment Coupon Date Date (Y/N)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
118 OF Manassas VA 14,425.78 796.85 0.0839 N/A 09/01/2009 N
119 RT Salina NY 13,161.58 979.70 0.0776 N/A 10/01/2009 N
120 MF Lawrence KS 12,905.38 1,229.86 0.0761 N/A 02/01/2003 N
121 MF Gresham OR 13,452.38 841.37 0.0812 N/A 10/01/2009 N
122 MF West Monroe LA 11,507.79 2,249.54 0.0698 N/A 09/01/2008 N
123 MF Melbourne FL 13,042.39 1,596.95 0.0798 N/A 11/01/2009 N
124 MF Los Angeles CA 13,195.93 809.11 0.0816 N/A 10/01/2009 N
125 MF Oklahoma City OK 12,678.78 1,667.91 0.0785 N/A 08/01/2009 N
126 IN Columbus OH 12,299.09 1,689.60 0.0775 N/A 07/01/2009 N
127 RT White Bear Lake MN 13,663.25 587.44 0.0882 N/A 11/01/2009 N
128 MH Locke and Moravia NY 8,548.48 439.52 0.0849 N/A 11/01/2009 N
129 MH Erin NY 4,603.03 236.66 0.0849 N/A 11/01/2009 N
130 RT Tuscon AZ 13,115.55 686.64 0.0847 N/A 10/01/2009 N
131 RT Clay NY 12,129.23 878.32 0.0784 N/A 09/01/2009 N
132 MF Taylorsville UT 12,142.27 1,607.64 0.0788 N/A 06/01/2009 N
133 MF Philadelphia PA 10,615.44 1,287.56 0.0694 07/01/2008 07/01/2028 N
134 MF Lawrence KS 10,512.69 2,094.74 0.0690 N/A 10/01/2008 N
135 MF Baton Rouge LA 12,677.93 1,402.16 0.0833 N/A 08/01/2009 N
136 OF Henderson NV 11,991.90 865.29 0.0790 N/A 06/01/2009 N
137 OF Bel Air MD 12,311.82 1,427.64 0.0820 N/A 08/01/2009 N
138 OF Las Vegas NV 11,917.73 701.33 0.0828 N/A 08/01/2009 N
139 MF College Station TX 10,800.64 1,773.27 0.0751 N/A 08/01/2013 N
140 RT Anderson IN 11,235.08 2,528.10 0.0789 N/A 10/01/2019 N
141 IN Indianapolis IN 11,809.17 668.02 0.0832 N/A 10/01/2009 N
142 RT Eagle-Vail CO 12,127.60 1,214.29 0.0855 N/A 10/01/2009 N
143 MF Covington GA 11,503.85 1,362.56 0.0812 N/A 09/01/2009 N
144 SS Smithville NJ 11,469.55 1,329.79 0.0813 N/A 11/01/2009 N
145 MF Austin TX 11,412.36 724.43 0.0809 N/A 10/01/2009 N
146 MF Ashford CT 11,294.01 699.41 0.0814 N/A 10/01/2009 N
147 OF Half Moon Bay CA 11,190.69 706.07 0.0814 N/A 08/01/2009 N
148 RT Tempe AZ 11,411.75 1,217.55 0.0845 N/A 07/01/2009 N
149 MF San Francisco CA 10,959.81 652.15 0.0822 N/A 10/01/2009 N
150 OF Rockville Centre NY 10,772.71 687.20 0.0808 N/A 10/01/2009 N
151 MF Lubbock TX 10,805.60 686.83 0.0811 N/A 09/01/2009 N
152 OF Jacksonville FL 10,897.58 1,208.95 0.0830 N/A 09/01/2009 N
153 MF Norman OK 9,535.92 1,687.57 0.0727 N/A 09/01/2008 N
154 MH Bokeelia FL 11,076.82 1,092.70 0.0859 N/A 10/01/2009 N
155 OF Tacoma WA 10,546.60 1,210.07 0.0818 N/A 10/01/2009 N
156 IN Pacoima CA 10,556.03 649.76 0.0819 N/A 08/01/2009 N
157 RT Indianapolis IN 10,688.14 2,139.96 0.0830 N/A 10/01/2009 N
158 RT Hampton Township PA 9,111.53 1,663.02 0.0718 09/01/2008 09/01/2023 N
159 RT Silverthorne CO 10,275.85 641.37 0.0820 N/A 06/01/2009 N
160 MF Ankeny IA 9,947.23 2,208.24 0.0803 N/A 07/01/2014 N
161 IN Eagle ID 8,460.74 2,737.62 0.0695 N/A 11/01/2018 N
162 MU Nashua NH 10,194.94 1,107.82 0.0840 N/A 07/01/2009 N
163 SS Midland TX 10,135.13 1,072.08 0.0843 N/A 09/01/2009 N
164 MF Stockton CA 9,620.95 559.14 0.0829 N/A 09/01/2009 N
165 MF Boca Raton FL 9,172.89 634.80 0.0795 N/A 08/01/2009 N
166 MF Phoenix AZ 9,207.63 1,033.54 0.0824 N/A 10/01/2009 N
167 MF Monroe LA 9,162.80 1,043.65 0.0820 N/A 10/01/2009 N
168 MF Lawrence KS 7,739.48 1,347.92 0.0727 N/A 11/01/2008 N
169 OF Houston TX 9,514.63 366.92 0.0901 N/A 11/01/2009 N
170 SS Sacramento CA 8,732.84 913.61 0.0846 N/A 09/01/2009 N
171 MF Lenexa KS 7,993.00 603.95 0.0775 N/A 09/01/2014 N
172 RT Highlands Ranch CO 8,964.31 396.30 0.0877 N/A 11/01/2009 N
173 MU New York NY 7,600.01 1,244.48 0.0747 10/01/2008 10/01/2023 N
<FN>
(1) Property Type Code WH - Warehouse SS - Self Storage
MF - Multifamily MH - Mobile Home Park OT - Other
RT - Retail OF - Office
HC - Health Care MU - Mixed Use
IN - Industrial LO - Lodging
</FN>
</TABLE>
Page - 17
<PAGE>
<TABLE>
MORTGAGE LOAN DETAIL, Continued
<CAPTION>
OD Beginning Ending Paid Appraisal Appraisal Res. Mod.
CR Scheduled Scheduled Thru Reduction Reduction Strat Code
No Balance Balance Date Date Amount (2) (3)
<S> <C> <C> <C> <C> <C> <C> <C>
118 1,996,725.13 1,995,928.28 12/01/1999 -- -- -- --
119 1,969,640.81 1,968,661.11 12/01/1999 -- -- -- --
120 1,969,367.86 1,968,138.00 01/01/2000 -- -- -- --
121 1,923,906.53 1,923,065.16 12/01/1999 -- -- -- --
122 1,914,597.27 1,912,347.73 12/01/1999 -- -- -- --
123 1,897,995.66 1,896,398.71 01/01/2000 -- -- -- --
124 1,877,978.64 1,877,169.53 01/01/2000 -- -- -- --
125 1,875,636.29 1,873,968.38 12/01/1999 -- -- -- --
126 1,842,944.24 1,841,254.64 01/01/2000 -- -- -- --
127 1,798,979.31 1,798,391.87 12/01/1999 -- -- -- --
128 1,169,289.75 1,168,850.23 12/01/1999 -- -- -- --
129 629,617.56 629,380.90 12/01/1999 -- -- -- --
130 1,798,224.36 1,797,537.72 12/01/1999 -- -- -- --
131 1,796,627.13 1,795,748.81 01/01/2000 -- -- -- --
132 1,789,428.86 1,787,821.22 01/01/2000 -- -- -- --
133 1,776,312.86 1,775,025.30 01/01/2000 -- -- -- --
134 1,769,317.14 1,767,222.40 12/01/1999 -- -- -- --
135 1,767,438.39 1,766,036.23 01/01/2000 -- -- -- --
136 1,762,795.25 1,761,929.96 01/01/2000 -- -- -- --
137 1,743,609.58 1,742,181.94 01/01/2000 -- -- -- --
138 1,671,490.39 1,670,789.06 12/01/1999 -- -- -- --
139 1,670,130.86 1,668,357.59 12/01/1999 -- -- -- --
140 1,653,636.70 1,651,108.60 01/01/2000 -- -- -- --
141 1,648,302.40 1,647,634.38 12/01/1999 -- -- -- --
142 1,647,212.09 1,645,997.80 12/01/1999 -- -- -- --
143 1,645,235.45 1,643,872.89 12/01/1999 -- -- -- --
144 1,638,311.66 1,636,981.87 12/01/1999 -- -- -- --
145 1,638,202.83 1,637,478.40 01/01/2000 -- -- -- --
146 1,611,256.25 1,610,556.84 12/01/1999 -- -- -- --
147 1,596,516.66 1,595,810.59 01/01/2000 -- -- -- --
148 1,568,326.36 1,567,108.81 12/01/1999 -- -- -- --
149 1,548,360.61 1,547,708.46 01/01/2000 -- -- -- --
150 1,548,296.86 1,547,609.66 01/01/2000 -- -- -- --
151 1,547,279.60 1,546,592.77 12/01/1999 -- -- -- --
152 1,524,729.92 1,523,520.97 01/01/2000 -- -- -- --
153 1,523,241.52 1,521,553.95 12/01/1999 -- -- -- --
154 1,497,486.19 1,496,393.49 01/01/2000 -- -- -- --
155 1,497,269.37 1,496,059.30 01/01/2000 -- -- -- --
156 1,496,778.51 1,496,128.75 01/01/2000 -- -- -- --
157 1,495,425.05 1,493,285.09 01/01/2000 -- -- -- --
158 1,473,694.45 1,472,031.43 01/01/2000 -- -- -- --
159 1,455,274.08 1,454,632.71 01/01/2000 -- -- -- --
160 1,438,557.74 1,436,349.50 01/01/2000 -- -- -- --
161 1,413,723.48 1,410,985.86 12/01/1999 -- -- -- --
162 1,409,438.82 1,408,331.00 12/01/1999 -- -- -- --
163 1,396,184.19 1,395,112.11 01/01/2000 -- -- -- --
164 1,347,733.57 1,347,174.43 01/01/2000 -- -- -- --
165 1,339,923.11 1,339,288.31 01/01/2000 -- -- -- --
166 1,297,661.56 1,296,628.02 12/01/1999 -- -- -- --
167 1,297,642.86 1,296,599.21 12/01/1999 -- -- -- --
168 1,236,284.10 1,234,936.18 01/01/2000 -- -- -- --
169 1,226,331.17 1,225,964.25 12/01/1999 -- -- -- --
170 1,198,742.28 1,197,828.67 12/01/1999 -- -- -- --
171 1,197,702.52 1,197,098.57 12/01/1999 -- -- -- --
172 1,187,019.50 1,186,623.20 01/01/2000 -- -- -- --
173 1,181,501.93 1,180,257.45 01/01/2000 -- -- -- --
<FN>
(2) Resolution Strategy Code:
1 - Modification 8 - Resolved
2 - Foreclosure 9 - Pending Return to Master Servicer
3 - Bankruptcy 10 - Deed in Lieu Of Foreclosure
4 - Extension 11 - Full Payoff
5 - Note Sale 12 - Reps and Warranties
6 - DPO 13 - Other or TBD
7 - REO
(3) Modification Code
1 - Maturity Date Extension
2 - Amortization Change
3 - Principal Write-Off
4 - Combination
</FN>
</TABLE>
Page - 18
<PAGE>
<TABLE>
MORTGAGE LOAN DETAIL
<CAPTION>
OD Anti cipated Neg.
CR Prop Interest Principal Gross Rep ayment Maturity Amort
No Type(1) City State Payment Payment Coupon D ate Date (Y/N)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
174 SS Angleton TX 8,481.76 890.63 0.0840 N/A 11/01/2009 N
175 OF Sunland Park NM 7,800.41 894.60 0.0828 N/A 06/01/2009 N
176 MF Dallas TX 6,719.84 1,209.79 0.0722 N/A 09/01/2008 N
177 OF Southlake TX 7,618.43 450.19 0.0831 N/A 06/01/2009 N
178 MF Austin TX 7,715.13 370.18 0.0862 N/A 11/01/2009 N
179 IN Santa Fe Springs CA 6,300.76 670.04 0.0718 N/A 11/01/2003 N
180 IN Scottsdale AZ 7,037.55 451.74 0.0809 N/A 09/01/2009 N
181 RT Los Angeles CA 7,529.52 2,561.01 0.0866 N/A 10/01/2014 N
182 MF Austin TX 7,019.21 440.12 0.0810 N/A 11/01/2009 N
183 MF Lawrence KS 7,547.62 333.67 0.0877 N/A 11/01/2009 N
184 MF Phoenix AZ 7,040.36 430.17 0.0819 N/A 09/01/2009 N
185 MF Columbus OH 7,245.71 320.33 0.0877 N/A 11/01/2009 N
186 MH Fresno CA 6,482.71 354.76 0.0837 N/A 11/01/2009 N
187 OF Sunland Park NM 6,382.15 731.95 0.0828 N/A 06/01/2009 N
188 MF Norman OK 5,536.98 979.88 0.0727 N/A 09/01/2008 N
189 MF Bristol CT 5,223.19 1,002.08 0.0701 10/01/2008 10/01/2023 N
190 MF New London CT 6,094.30 345.33 0.0834 N/A 09/01/2009 N
191 OF Laton CA 6,556.61 576.56 0.0900 N/A 06/01/2009 N
192 OF Southlake TX 6,077.50 316.25 0.0852 N/A 08/01/2009 N
193 MF Baton Rouge LA 4,854.42 955.47 0.0696 N/A 09/01/2008 N
194 SS El Paso TX 5,636.12 2,125.00 0.0825 N/A 09/01/2014 N
195 MF Huntington Beach CA 5,712.43 290.62 0.0851 N/A 11/01/2009 N
196 OF Norcross GA 5,694.96 262.26 0.0871 N/A 10/01/2009 N
197 MF Arlington TX 5,116.14 355.76 0.0794 N/A 08/01/2009 N
198 IN Little Falls NJ 5,608.86 1,878.15 0.0873 N/A 10/01/2009 N
199 SS Spring TX 5,295.21 537.80 0.0849 N/A 11/01/2009 N
200 OF Allentown PA 5,455.93 486.30 0.0886 N/A 10/01/2009 N
201 MF Caro MI 4,896.22 255.50 0.0850 N/A 09/01/2009 N
202 MF Hudson NH 5,067.74 850.62 0.0889 N/A 11/01/2009 N
203 MF Austin TX 5,115.13 191.54 0.0906 N/A 11/01/2006 N
204 MU Queens Village NY 5,040.00 178.81 0.0915 N/A 11/01/2009 N
205 MF West Monroe LA 3,688.40 721.00 0.0698 N/A 09/01/2008 N
206 SS Houston TX 4,255.65 728.92 0.0885 N/A 10/01/2009 N
207 SS Red Bluff CA 3,973.93 408.16 0.0851 N/A 09/01/2009 N
-- ----------------------- -- ------------ ---------- ------ ---------- ---------- --
-- -- -- 5,255,200.42 447,254.24 -- -- -- --
== ======================= == ============ ========== ====== ========== ========== ==
<FN>
(1) Property Type Code WH - Warehouse SS - Self Storage
MF - Multifamily MH - Mobile Home Park OT - Other
RT - Retail OF - Office
HC - Health Care MU - Mixed Use
IN - Industrial LO - Lodging
</FN>
</TABLE>
Page - 19
<PAGE>
<TABLE>
MORTGAGE LOAN DETAIL, Continued
<CAPTION>
OD Beginning Ending Paid Appraisal Appraisal Res. Mod.
CR Scheduled Scheduled Thru Reduction Reduction Strat Code
No Balance Balance Date Date Amount (2) (3)
<S> <C> <C> <C> <C> <C> <C> <C>
174 1,172,593.86 1,171,703.23 12/01/1999 -- -- -- --
175 1,094,025.95 1,093,131.35 01/01/2000 -- -- -- --
176 1,080,843.35 1,079,633.56 01/01/2000 -- -- -- --
177 1,064,645.58 1,064,195.39 01/01/2000 -- -- -- --
178 1,039,385.36 1,039,015.18 12/01/1999 -- -- -- --
179 1,019,082.12 1,018,412.08 01/01/2000 -- -- -- --
180 1,010,215.12 1,009,763.38 12/01/1999 -- -- -- --
181 1,009,694.74 1,007,133.73 01/01/2000 -- -- -- --
182 1,006,337.92 1,005,897.80 01/01/2000 -- -- -- --
183 999,427.04 999,093.37 12/01/1999 -- -- -- --
184 998,279.07 997,848.90 01/01/2000 -- -- -- --
185 959,449.96 959,129.63 12/01/1999 -- -- -- --
186 899,440.03 899,085.27 01/01/2000 -- -- -- --
187 895,112.14 894,380.19 01/01/2000 -- -- -- --
188 884,462.89 883,483.01 12/01/1999 -- -- -- --
189 865,283.98 864,281.90 12/01/1999 -- -- -- --
190 848,590.66 848,245.33 12/01/1999 -- -- -- --
191 846,013.99 845,437.43 12/01/1999 -- -- -- --
192 828,373.85 828,057.60 01/01/2000 -- -- -- --
193 809,970.36 809,014.89 12/01/1999 -- -- -- --
194 793,353.97 791,228.97 01/01/2000 -- -- -- --
195 779,528.45 779,237.83 12/01/1999 -- -- -- --
196 759,300.24 759,037.98 12/01/1999 -- -- -- --
197 748,277.13 747,921.37 01/01/2000 -- -- -- --
198 746,106.91 744,228.76 12/01/1999 -- -- -- --
199 724,296.37 723,758.57 01/01/2000 -- -- -- --
200 715,114.92 714,628.62 12/01/1999 -- -- -- --
201 668,932.91 668,677.41 01/01/2000 -- -- -- --
202 661,993.37 661,142.75 12/01/1999 -- -- -- --
203 655,646.13 655,454.59 12/01/1999 -- -- -- --
204 639,661.19 639,482.38 01/01/2000 -- -- -- --
205 613,653.00 612,932.00 12/01/1999 -- -- -- --
206 558,423.24 557,694.32 01/01/2000 -- -- -- --
207 542,290.12 541,881.96 12/01/1999 -- -- -- --
-------------- -------------- ---------- ---------- ---------- --- ---
760,414,266.33 759,967,012.09 -- -- -- -- --
============== ============== ========== ========== ========== === ===
<FN>
(2) Resolution Strategy Code:
1 - Modification 8 - Resolved
2 - Foreclosure 9 - Pending Return to Master Servicer
3 - Bankruptcy 10 - Deed in Lieu Of Foreclosure
4 - Extension 11 - Full Payoff
5 - Note Sale 12 - Reps and Warranties
6 - DPO 13 - Other or TBD
7 - REO
(3) Modification Code
1 - Maturity Date Extension
2 - Amortization Change
3 - Principal Write-Off
4 - Combination
</FN>
</TABLE>
Page - 20
<PAGE>
PRINCIPAL PREPAYMENT DETAIL
Principal Prepayment Amount Prepayment Penalties
----------------------------- -----------------------------------
Curtailment Prepayment Yield Maintenance
ODCR Payoff Amount Amount Premium Premium
<TABLE>
HISTORICAL DETAIL
<CAPTION>
Delinquencies
--------------------------------------------------------------------------------------------
Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure(1) REO(1) Modifications
Date # / Balance # / Balance # / Balance # / Balance # / Balance # / Balance
<S> <C> <C> <C> <C> <C> <C>
01/10/2000 .. 0 0 0 0 0 0
/ ........... $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
<FN>
(1) Foreclosure and REO Totals are excluded from the delinquencies aging
categories.
</FN>
</TABLE>
HISTORICAL DETAIL, Continued
Prepayments Rate and Maturities
----------------------------- --------------------------
Curtailments Payoff Next Weighted Avg.
# / Balance # / Balance Coupon / Remit WAM
01/10/2000 .. 0 0 7.982369% 115
/ ........... $ 0.00 $ 0.00 7.896964% --
Page - 21
<PAGE>
<TABLE>
DELINQUENCY LOAN DETAIL
<CAPTION>
Offer- # of Current Outstanding Status of Resolution
ing Months Paid Through P&I P&I Mortgage Strategy
Doc Delinq Date Advances Advances(1) Loan (2) Code(3)
<S> <C> <C> <C> <C> <C> <C>
1 0 12/01/1999 348,565.63 348,565.63 A --
5 0 12/01/1999 94,442.14 94,442.14 A --
7 0 12/01/1999 94,673.43 94,673.43 A --
9 0 12/01/1999 86,125.73 86,125.73 A --
10 0 12/01/1999 71,331.87 71,331.87 A --
11 0 12/01/1999 82,175.80 82,175.80 A --
12 0 12/01/1999 81,405.31 81,405.31 A --
13 0 12/01/1999 66,979.86 66,979.86 A --
15 0 12/01/1999 66,295.32 66,295.32 A --
16 0 12/01/1999 33,170.68 33,170.68 A --
17 0 12/01/1999 13,759.63 13,759.63 A --
18 0 12/01/1999 8,528.31 8,528.31 A --
19 0 12/01/1999 6,703.61 6,703.61 A --
20 0 12/01/1999 5,474.09 5,474.09 A --
21 0 12/01/1999 56,845.27 56,845.27 A --
22 0 12/01/1999 62,459.86 62,459.86 A --
25 0 12/01/1999 49,998.78 49,998.78 A --
27 0 12/01/1999 49,984.99 49,984.99 A --
28 0 12/01/1999 52,933.53 52,933.53 A --
30 0 12/01/1999 49,259.72 49,259.72 A --
31 0 12/01/1999 48,286.37 48,286.37 A --
33 0 12/01/1999 42,963.21 42,963.21 A --
36 0 12/01/1999 42,688.46 42,688.46 A --
37 0 12/01/1999 39,330.46 39,330.46 A --
39 0 12/01/1999 42,504.77 42,504.77 A --
40 0 12/01/1999 41,642.89 41,642.89 A --
42 0 12/01/1999 40,999.90 40,999.90 A --
45 0 12/01/1999 37,573.69 37,573.69 A --
47 0 12/01/1999 35,103.09 35,103.09 A --
52 0 12/01/1999 35,992.48 35,992.48 A --
55 0 12/01/1999 30,916.22 30,916.22 A --
58 0 12/01/1999 33,806.04 33,806.04 A --
59 0 12/01/1999 33,485.33 33,485.33 A --
60 0 12/01/1999 29,576.42 29,576.42 A --
61 0 12/01/1999 29,797.96 29,797.96 A --
62 0 12/01/1999 29,326.82 29,326.82 A --
63 0 12/01/1999 28,834.62 28,834.62 A --
64 0 12/01/1999 25,789.83 25,789.83 A --
66 0 12/01/1999 27,070.91 27,070.91 A --
67 0 12/01/1999 24,680.55 24,680.55 A --
68 0 12/01/1999 25,894.45 25,894.45 A --
69 0 12/01/1999 24,208.49 24,208.49 A --
71 0 12/01/1999 24,583.31 24,583.31 A --
73 0 12/01/1999 21,865.52 21,865.52 A --
74 0 12/01/1999 24,645.02 24,645.02 A --
79 0 12/01/1999 24,197.26 24,197.26 A --
80 0 12/01/1999 23,293.77 23,293.77 A --
92 0 12/01/1999 17,251.53 17,251.53 A --
99 0 12/01/1999 17,893.03 17,893.03 A --
100 0 12/01/1999 18,216.92 18,216.92 A --
103 0 12/01/1999 17,309.94 17,309.94 A --
108 0 12/01/1999 18,176.37 18,176.37 A --
111 0 12/01/1999 16,044.60 16,044.60 A --
115 0 12/01/1999 15,599.00 15,599.00 B --
116 0 12/01/1999 14,681.99 14,681.99 A --
117 0 12/01/1999 16,103.28 16,103.28 A --
118 0 12/01/1999 15,222.63 15,222.63 A --
119 0 12/01/1999 14,141.28 14,141.28 A --
121 0 12/01/1999 14,293.75 14,293.75 A --
122 0 12/01/1999 13,757.33 13,757.33 A --
125 0 12/01/1999 14,346.69 14,346.69 A --
127 0 12/01/1999 14,250.69 14,250.69 A --
128 0 12/01/1999 8,988.00 8,988.00 A --
</TABLE>
Page - 22
<PAGE>
<TABLE>
DELINQUENCY LOAN DETAIL, Continued
<CAPTION>
Offer- Actual Outstanding
ing Servicing Foreclosure Principal Servicing Bankruptcy REO
Doc Trnsfr Date Date Balance Advances Date Date
<S> <C> <C> <C> <C> <C> <C>
1 -- -- 44,973,184.37 0.00 -- --
5 -- -- 13,571,925.21 0.00 -- --
7 -- -- 12,188,403.25 0.00 -- --
9 -- -- 11,392,819.27 0.00 -- --
10 -- -- 11,365,842.14 0.00 -- --
11 -- -- 10,988,269.52 0.00 -- --
12 -- -- 10,987,945.80 0.00 -- --
13 -- -- 10,251,140.16 0.00 -- --
15 -- -- 9,462,872.26 0.00 -- --
16 -- -- 4,473,106.12 0.00 -- --
17 -- -- 1,755,377.52 0.00 -- --
18 -- -- 1,087,994.38 0.00 -- --
19 -- -- 855,209.54 0.00 -- --
20 -- -- 698,354.53 0.00 -- --
21 -- -- 8,519,081.07 0.00 -- --
22 -- -- 8,474,356.14 0.00 -- --
25 -- -- 7,185,136.87 0.00 -- --
27 -- -- 7,091,077.97 0.00 -- --
28 -- -- 6,995,599.80 0.00 -- --
30 -- -- 6,642,732.40 0.00 -- --
31 -- -- 6,631,331.45 0.00 -- --
33 -- -- 6,462,194.41 0.00 -- --
36 -- -- 5,715,099.04 0.00 -- --
37 -- -- 5,702,303.09 0.00 -- --
39 -- -- 5,596,508.56 0.00 -- --
40 -- -- 5,560,431.15 0.00 -- --
42 -- -- 5,426,380.19 0.00 -- --
45 -- -- 5,146,502.14 0.00 -- --
47 -- -- 4,966,432.83 0.00 -- --
52 -- -- 4,514,715.67 0.00 -- --
55 -- -- 4,383,105.86 0.00 -- --
58 -- -- 4,196,958.96 0.00 -- --
59 -- -- 4,096,137.17 0.00 -- --
60 -- -- 4,003,156.54 0.00 -- --
61 -- -- 3,989,600.28 0.00 -- --
62 -- -- 3,897,518.18 0.00 -- --
63 -- -- 3,897,425.38 0.00 -- --
64 -- -- 3,854,115.07 0.00 -- --
66 -- -- 3,593,911.02 0.00 -- --
67 -- -- 3,588,151.00 0.00 -- --
68 -- -- 3,444,135.71 0.00 -- --
69 -- -- 3,340,463.70 0.00 -- --
71 -- -- 3,297,856.69 0.00 -- --
73 -- -- 3,285,903.11 0.00 -- --
74 -- -- 3,242,007.91 0.00 -- --
79 -- -- 2,991,960.71 0.00 -- --
80 -- -- 2,991,256.95 0.00 -- --
92 -- -- 2,550,392.85 0.00 -- --
99 -- -- 2,462,844.52 0.00 -- --
100 -- -- 2,447,351.39 0.00 -- --
103 -- -- 2,385,151.22 0.00 -- --
108 -- -- 2,318,323.44 0.00 -- --
111 -- -- 2,160,270.33 0.00 -- --
115 -- -- 2,090,644.03 0.00 -- --
116 -- -- 2,061,213.58 0.00 -- --
117 -- -- 2,054,355.77 0.00 -- --
118 -- -- 1,996,725.13 0.00 -- --
119 -- -- 1,969,640.81 0.00 -- --
121 -- -- 1,923,906.53 0.00 -- --
122 -- -- 1,914,597.27 0.00 -- --
125 -- -- 1,875,636.29 0.00 -- --
127 -- -- 1,798,979.31 0.00 -- --
128 -- -- 1,169,289.75 0.00 -- --
</TABLE>
Page - 23
<PAGE>
<TABLE>
DELINQUENCY LOAN DETAIL, Continued
<CAPTION>
Offer- # of Current Outstanding Status of Resolution
ing Months Paid Through P&I P&I Mortgage Strategy
Doc Delinq Date Advances Advances(1) Loan (2) Code(3)
<S> <C> <C> <C> <C> <C> <C>
129 0 12/01/1999 4,839.69 4,839.69 A --
130 0 12/01/1999 13,802.19 13,802.19 A --
134 0 12/01/1999 12,607.43 12,607.43 A --
138 0 12/01/1999 12,619.06 12,619.06 A --
139 0 12/01/1999 12,573.91 12,573.91 A --
141 0 12/01/1999 12,477.19 12,477.19 A --
142 0 12/01/1999 13,341.89 13,341.89 A --
143 0 12/01/1999 12,866.41 12,866.41 A --
144 0 12/01/1999 12,799.34 12,799.34 A --
146 0 12/01/1999 11,993.42 11,993.42 A --
148 0 12/01/1999 12,629.30 12,629.30 A --
151 0 12/01/1999 11,492.43 11,492.43 A --
153 0 12/01/1999 11,223.49 11,223.49 A --
161 0 12/01/1999 11,198.36 11,198.36 A --
162 0 12/01/1999 11,302.76 11,302.76 A --
166 0 12/01/1999 10,241.17 10,241.17 A --
167 0 12/01/1999 10,206.45 10,206.45 A --
169 0 12/01/1999 9,881.55 9,881.55 A --
170 0 12/01/1999 9,646.45 9,646.45 A --
171 0 12/01/1999 8,596.95 8,596.95 A --
174 0 12/01/1999 9,372.39 9,372.39 A --
178 0 12/01/1999 8,085.31 8,085.31 A --
180 0 12/01/1999 7,489.29 7,489.29 A --
183 0 12/01/1999 7,881.29 7,881.29 A --
185 0 12/01/1999 7,566.04 7,566.04 A --
188 0 12/01/1999 6,516.86 6,516.86 A --
189 0 12/01/1999 6,225.27 6,225.27 A --
190 0 12/01/1999 6,439.63 6,439.63 A --
191 0 12/01/1999 7,133.17 7,133.17 A --
193 0 12/01/1999 5,809.89 5,809.89 A --
195 0 12/01/1999 6,003.05 6,003.05 A --
196 0 12/01/1999 5,957.22 5,957.22 A --
198 0 12/01/1999 7,487.01 7,487.01 A --
200 0 12/01/1999 5,942.23 5,942.23 A --
202 0 12/01/1999 5,918.36 5,918.36 A --
203 0 12/01/1999 5,306.67 5,306.67 A --
205 0 12/01/1999 4,409.40 4,409.40 A --
207 0 12/01/1999 4,382.09 4,382.09 A --
- --- ------- ----------- ------------ ------------ -------- --------
101 -- -- 2,840,713.04 2,840,713.04 -- --
======= =========== ============ ============ ======== ========
</TABLE>
Page - 24
<PAGE>
<TABLE>
DELINQUENCY LOAN DETAIL, Continued
<CAPTION>
Offer- Actual Outstanding
ing Servicing Foreclosure Principal Servicing Bankruptcy REO
Doc Trnsfr Date Date Balance Advances Date Date
<S> <C> <C> <C> <C> <C> <C>
129 -- -- 629,617.56 0.00 -- --
130 -- -- 1,798,224.36 0.00 -- --
134 -- -- 1,769,317.14 0.00 -- --
138 -- -- 1,671,490.39 0.00 -- --
139 -- -- 1,670,130.86 0.00 -- --
141 12/27/1999 -- 1,648,302.40 0.00 -- --
142 -- -- 1,647,212.09 0.00 -- --
143 -- -- 1,645,235.45 0.00 -- --
144 -- -- 1,638,311.66 0.00 -- --
146 -- -- 1,611,256.25 0.00 -- --
148 -- -- 1,568,326.36 0.00 -- --
151 -- -- 1,547,279.60 0.00 -- --
153 -- -- 1,523,241.52 0.00 -- --
161 -- -- 1,413,723.48 0.00 -- --
162 -- -- 1,409,438.82 0.00 -- --
166 -- -- 1,297,661.56 0.00 -- --
167 -- -- 1,297,642.86 0.00 -- --
169 -- -- 1,226,331.17 0.00 -- --
170 -- -- 1,198,742.28 0.00 -- --
171 -- -- 1,197,702.52 0.00 -- --
174 -- -- 1,172,593.86 0.00 -- --
178 -- -- 1,039,385.36 0.00 -- --
180 -- -- 1,010,215.12 0.00 -- --
183 -- -- 999,427.04 0.00 -- --
185 -- -- 959,449.96 0.00 -- --
188 -- -- 884,462.89 0.00 -- --
189 -- -- 865,283.98 0.00 -- --
190 -- -- 848,590.66 0.00 -- --
191 -- -- 846,013.99 0.00 -- --
193 -- -- 809,970.36 0.00 -- --
195 -- -- 779,528.45 0.00 -- --
196 -- -- 759,300.24 0.00 -- --
198 -- -- 746,106.91 0.00 -- --
200 -- -- 715,114.92 0.00 -- --
202 -- -- 661,993.37 0.00 -- --
203 -- -- 655,646.13 0.00 -- --
205 -- -- 613,653.00 0.00 -- --
207 -- -- 542,290.12 0.00 -- --
- --- ---------- ---------- -------------- ---------- ---------- ----------
101 -- -- 384,273,528.00 0.00 -- --
========== ========== ============== ========== ========== ==========
</TABLE>
<TABLE>
<CAPTION>
Current Outstanding Actual Outstanding
P&I P&I Principal Servicing
Totals by Delinquency Code: Advances Advances(1) Balance Advances
<S> <C> <C> <C> <C>
Totals for Status Code = A (100 loans) ..... 2,825,114.04 2,825,114.38 2,182,883.97 0.00
Totals for Status Code= B (1 loan) ......... 15,599.00 15,599.00 2,090,644.03 0.00
</TABLE>
Page - 25
<PAGE>
<TABLE>
SPECIALLY SERVICED LOAN DETAIL - PART I
<CAPTION>
Offering Servicing Resolution
Distribution Doc Transfer Strategy Scheduled Property Interest Actual
Date Ref Date Code (1) Balance Type(2) State Rate Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
01/10/2000 141 12/27/1999 -- 1,647,634.38 IN IN 8.320% 1,648,302.40
</TABLE>
<TABLE>
SPECIALLY SERVICED LOAN DETAIL - PART I, Continued
<CAPTION>
Net Remaining
Distribution Operating DSCR Note Maturity Amortization
Date Income Date DSCR Date Date Term
<S> <C> <C> <C> <C> <C> <C>
01/10/2000 -- -- 1.28 -- 10/01/2009 356
</TABLE>
<TABLE>
SPECIALLY SERVICED LOAN DETAIL - PART 2
<CAPTION>
Offering Resolution Site Other REO
Distribution Document Strategy Inspection Phase 1 Appraisal Appraisal Property
Date Cross-Ref Code(1) Date Date Date Value Revenue
<S> <C> <C> <C> <C> <C> <C> <C>
01/10/2000 141 -- -- -- -- -- --
</TABLE>
SPECIALLY SERVICED LOAN DETAIL - PART 2, Continued
Comments from
Special Servicer
01/10/2000 --
MODIFIED LOAN DETAIL
Pre-
Modification Modification Modification
ODCR Balance Date Description
NO MODIFIED LOANS
<TABLE>
LIQUIDATED LOAN DETAIL
<CAPTION>
Gross
Final Proceeds
Recovery as a % of Aggregate
Determination Appraisal Appraisal Actual Gross Actual Liquidation
ODCR Date Date Value Balance Proceeds Balance Expenses(1)
<S> <C> <C> <C> <C> <C> <C> <C>
<FN>
(1) Aggregate liquidation expenses also include outstanding P&I advances and
unpaid fees (servicing, trustee, etc.)
</FN>
</TABLE>
<TABLE>
LIQUIDATED LOAN DETAIL, Continued
<CAPTION>
Net Net Proceeds Repurchased
Liquidation as a % of Realized by Seller
ODCR Proceeds Actual Balance Loss (Y/N)
<S> <C> <C> <C> <C>
</TABLE>
Page - 26
<TABLE>
MIDLAND LOAN SERVICES, L.P. - Master Servicer
Loan Portfolio Analysis System - Loan Status
PORTFOLIO: PNCMAC 1999-CM1
REPORTING PERIOD: January, 2000
DATE PRINTED: 14-Jan-00
<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 44,973,184 0 N/A 0.00 N/A -- --
002 36,417,364 0 N/A 0.00 N/A -- --
003 32,760,979 0 334.3% 0.00 N/A -- --
004 20,976,765 0 59.9% 0.00 N/A -- --
005 13,571,925 0 77.6% 1.52 N/A -- PERFORM TO MATURITY
006 12,478,836 0 N/A 0.00 N/A -- --
007 12,188,403 0 73.9% 0.00 N/A -- --
008 11,664,634 0 71.4% 0.72 N/A -- PERFORM TO MATURITY
009 11,392,819 0 N/A 0.00 N/A -- --
010 11,365,842 0 74.9% 1.65 N/A -- PERFORM TO MATURITY
011 10,988,270 0 N/A 0.00 N/A -- --
012 10,987,946 0 N/A 0.00 N/A -- --
013 10,251,140 0 77.7% 1.45 N/A -- PERFORM TO MATURITY
014 9,959,351 0 53.5% 2.18 N/A -- PERFORM TO MATURITY
015 9,462,872 0 76.0% 1.22 N/A -- PERFORM TO MATURITY
016 4,473,106 0 78.9% 1.36 N/A -- ORIGINATION
017 1,755,378 0 71.6% 1.80 N/A -- PERFORM TO MATURITY
018 1,087,994 0 64.0% 1.88 N/A -- PERFORM TO MATURITY
019 855,210 0 69.4% 1.55 N/A -- PERFORM TO MATURITY
020 698,355 0 69.8% 1.75 N/A -- PERFORM TO MATURITY
021 8,519,081 0 90.8% 1.51 N/A -- PERFORM TO MATURITY
022 8,474,356 0 N/A 0.00 N/A -- --
023 7,882,067 0 67.6% 1.39 N/A -- PERFORM TO MATURITY
024 7,472,793 0 N/A 0.00 N/A -- --
025 7,185,137 0 77.3% 1.54 N/A -- PERFORM TO MATURITY
026 7,153,122 0 N/A 0.00 N/A -- --
027 7,091,078 0 78.3% 1.37 N/A -- PERFORM TO MATURITY
028 6,995,600 0 79.0% 0.00 N/A -- --
029 6,881,091 0 74.1% 0.87 N/A -- PERFORM TO MATURITY
030 6,642,732 0 69.3% 0.00 N/A -- --
031 6,631,331 0 79.8% 1.27 N/A -- PERFORM TO MATURITY
032 6,484,928 0 75.9% 1.31 N/A -- PERFORM TO MATURITY
033 6,462,194 0 77.1% 1.51 N/A -- PERFORM TO MATURITY
034 6,338,860 0 68.9% 0.00 N/A -- --
035 6,218,311 0 71.7% 0.34 N/A -- PERFORM TO MATURITY
036 5,715,099 0 68.9% 1.34 N/A -- PERFORM TO MATURITY
037 5,702,303 0 81.5% 1.43 N/A -- PERFORM TO MATURITY
038 5,635,097 0 65.5% 0.00 N/A -- --
039 5,596,509 0 79.9% 0.00 N/A -- --
040 5,560,431 0 73.8% 1.80 N/A -- PERFORM TO MATURITY
041 5,434,486 0 77.9% 1.58 N/A -- ORIGINATION
042 5,426,380 0 71.4% 1.30 N/A -- ORIGINATION
043 5,387,011 0 77.2% -0.25 N/A -- PERFORM TO MATURITY
044 5,228,088 0 73.0% 0.97 N/A -- PERFORM TO MATURITY
045 5,146,502 0 78.5% 0.00 N/A -- --
046 4,995,197 0 N/A 0.00 N/A -- --
047 4,966,433 0 77.6% 1.55 N/A -- PERFORM TO MATURITY
048 3,294,987 0 74.5% 1.30 N/A -- ORIGINATION
049 1,643,885 0 74.1% 1.38 N/A -- PERFORM TO MATURITY
050 4,635,481 0 74.3% 1.49 N/A -- PERFORM TO MATURITY
051 4,543,294 0 73.2% 1.64 N/A -- PERFORM TO MATURITY
052 4,514,716 0 72.2% 1.22 N/A -- PERFORM TO MATURITY
053 4,489,109 0 70.1% 0.00 N/A -- --
054 4,430,042 0 69.6% 1.62 N/A -- PERFORM TO MATURITY
055 4,383,106 0 78.0% 1.35 N/A -- PERFORM TO MATURITY
056 4,350,982 0 77.1% 1.31 N/A -- PERFORM TO MATURITY
057 4,278,953 0 76.0% 1.38 N/A -- ORIGINATION
058 4,196,959 0 61.3% 0.00 N/A -- --
059 4,096,137 0 49.5% 0.00 N/A -- --
060 4,003,157 0 75.5% 1.36 N/A -- PERFORM TO MATURITY
061 3,989,600 0 79.0% 0.00 N/A -- --
</TABLE>
Page - 27
<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>
062 3,897,518 0 N/A 0.00 N/A -- --
063 3,897,425 0 75.0% 0.00 N/A -- --
064 3,854,115 0 69.8% 1.95 N/A -- PERFORM TO MATURITY
065 3,808,791 0 71.1% 2.14 N/A -- PERFORM TO MATURITY
066 3,593,911 0 70.8% 1.42 N/A -- PERFORM TO MATURITY
067 3,588,151 0 79.7% 1.33 N/A -- PERFORM TO MATURITY
068 3,444,136 0 76.4% 1.42 N/A -- PERFORM TO MATURITY
069 3,340,464 0 78.2% 1.32 N/A -- PERFORM TO MATURITY
070 3,307,738 0 67.4% 2.16 N/A -- PERFORM TO MATURITY
071 3,297,857 0 68.7% 0.00 N/A -- --
072 3,294,971 0 78.4% 1.42 N/A -- PERFORM TO MATURITY
073 3,285,903 0 79.2% 1.20 N/A -- PERFORM TO MATURITY
074 3,242,008 0 72.9% 0.00 N/A -- --
075 3,193,081 0 73.3% 1.56 N/A -- PERFORM TO MATURITY
076 3,190,332 0 70.9% 0.00 N/A -- --
077 3,135,956 0 74.7% 1.35 N/A -- PERFORM TO MATURITY
078 3,019,929 0 68.2% 0.00 N/A -- --
079 2,991,961 0 67.0% 1.59 N/A -- ORIGINATION
080 2,991,257 0 74.2% 1.69 N/A -- PERFORM TO MATURITY
081 2,913,342 0 74.5% 0.92 N/A -- PERFORM TO MATURITY
082 2,904,063 0 72.8% 1.52 N/A -- ORIGINATION
083 2,867,872 0 N/A 0.00 N/A -- --
084 1,297,946 0 N/A 0.00 N/A -- --
085 1,098,262 0 N/A 0.00 N/A -- --
086 399,368 0 N/A 0.00 N/A -- --
087 2,791,954 0 72.4% 1.57 N/A -- PERFORM TO MATURITY
088 2,691,515 0 79.7% 1.19 N/A -- PERFORM TO MATURITY
089 848,907 0 60.6% 1.65 N/A -- PERFORM TO MATURITY
090 1,816,267 0 71.2% 1.52 N/A -- PERFORM TO MATURITY
091 2,626,253 0 73.0% 0.00 N/A -- --
092 2,550,393 0 75.0% 1.52 N/A -- PERFORM TO MATURITY
093 2,525,706 0 61.8% 0.82 N/A -- PERFORM TO MATURITY
094 2,526,359 0 75.0% 1.14 N/A -- PERFORM TO MATURITY
095 2,495,131 0 59.3% 0.00 N/A -- --
096 2,496,213 0 78.7% 1.48 N/A -- ORIGINATION
097 2,494,868 0 68.9% 1.56 N/A -- PERFORM TO MATURITY
098 2,468,317 0 77.0% 1.30 N/A -- PERFORM TO MATURITY
099 2,462,845 0 86.4% 0.96 N/A -- PERFORM TO MATURITY
100 2,447,351 0 71.2% 1.34 N/A -- ORIGINATION
101 2,422,492 0 75.0% 1.43 N/A -- PERFORM TO MATURITY
102 2,396,654 0 72.0% 0.26 N/A -- PERFORM TO MATURITY
103 2,385,151 0 63.2% 1.43 N/A -- PERFORM TO MATURITY
104 2,373,624 0 73.4% 1.51 N/A -- PERFORM TO MATURITY
105 2,323,946 0 N/A 0.00 N/A -- --
106 2,320,066 0 79.3% -0.42 N/A -- PERFORM TO MATURITY
107 2,320,066 0 71.8% 1.32 N/A -- PERFORM TO MATURITY
108 2,318,323 0 74.7% 1.62 N/A -- PERFORM TO MATURITY
109 2,195,481 0 70.8% 2.84 N/A -- PERFORM TO MATURITY
110 2,189,532 0 64.4% 2.61 N/A -- PERFORM TO MATURITY
111 2,160,270 0 78.7% 1.30 N/A -- PERFORM TO MATURITY
112 2,145,901 0 69.4% 1.69 N/A -- PERFORM TO MATURITY
113 2,124,911 0 72.2% 0.80 N/A -- ORIGINATION
114 2,091,324 0 87.1% 0.00 N/A -- --
115 2,090,644 3 78.6% 1.26 N/A -- ORIGINATION
116 2,061,214 0 77.0% 1.33 N/A -- PERFORM TO MATURITY
117 2,054,356 0 69.6% 1.23 N/A -- PERFORM TO MATURITY
118 1,996,725 0 74.2% 1.54 N/A -- PERFORM TO MATURITY
119 1,969,641 0 79.6% 1.20 N/A -- PERFORM TO MATURITY
120 1,968,138 0 75.7% 1.55 N/A -- PERFORM TO MATURITY
121 1,923,907 0 51.0% 1.51 N/A -- PERFORM TO MATURITY
122 1,914,597 0 67.8% 1.55 N/A -- PERFORM TO MATURITY
123 1,896,399 0 72.7% 1.48 N/A -- ORIGINATION
124 1,877,170 0 76.1% 1.34 N/A -- PERFORM TO MATURITY
125 1,875,636 0 70.6% 1.51 N/A -- PERFORM TO MATURITY
126 1,841,255 0 71.6% 1.42 N/A -- PERFORM TO MATURITY
127 1,798,979 0 N/A 0.00 N/A -- --
128 1,169,290 0 N/A 0.00 N/A -- --
129 629,618 0 N/A 0.00 N/A -- --
130 1,798,224 0 65.4% 0.00 N/A -- --
131 1,795,749 0 74.1% 1.29 N/A -- ORIGINATION
132 1,787,821 0 75.4% 1.47 N/A -- PERFORM TO MATURITY
133 1,775,025 0 77.2% 1.60 N/A -- 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>
134 1,769,317 0 78.6% 1.50 N/A -- PERFORM TO MATURITY
135 1,766,036 0 74.6% 1.95 N/A -- PERFORM TO MATURITY
136 1,761,930 0 73.7% 1.41 N/A -- PERFORM TO MATURITY
137 1,742,182 0 65.9% 1.80 N/A -- PERFORM TO MATURITY
138 1,671,490 0 77.0% 1.44 N/A -- PERFORM TO MATURITY
139 1,670,131 0 75.9% 1.67 N/A -- PERFORM TO MATURITY
140 1,651,109 0 82.7% 1.07 N/A -- PERFORM TO MATURITY
141 1,648,302 0 N/A 0.00 N/A -- PERFORM TO MATURITY
142 1,647,212 0 72.9% 1.31 N/A -- ORIGINATION
143 1,645,235 0 63.6% 1.68 N/A -- PERFORM TO MATURITY
144 1,638,312 0 74.7% 1.47 N/A -- ORIGINATION
145 1,637,478 0 77.5% 1.62 N/A -- PERFORM TO MATURITY
146 1,611,256 0 76.1% 1.34 N/A -- PERFORM TO MATURITY
147 1,595,811 0 63.7% 1.37 N/A -- PERFORM TO MATURITY
148 1,568,326 0 70.6% 1.54 N/A -- PERFORM TO MATURITY
149 1,547,708 0 N/A 0.00 N/A -- --
150 1,547,610 0 75.7% 1.28 N/A -- ORIGINATION
151 1,547,280 0 78.1% 1.06 N/A -- PERFORM TO MATURITY
152 1,523,521 0 70.0% 1.42 N/A -- PERFORM TO MATURITY
153 1,523,242 0 69.2% 2.03 N/A -- PERFORM TO MATURITY
154 1,496,393 0 68.4% 1.74 N/A -- PERFORM TO MATURITY
155 1,496,059 0 58.3% 1.46 N/A -- ORIGINATION
156 1,496,129 0 69.6% 1.61 N/A -- PERFORM TO MATURITY
157 1,493,285 0 61.1% 0.83 N/A -- ORIGINATION
158 1,472,031 0 64.0% 1.56 N/A -- PERFORM TO MATURITY
159 1,454,633 0 73.7% 0.95 N/A -- PERFORM TO MATURITY
160 1,436,350 0 68.8% 1.49 N/A -- PERFORM TO MATURITY
161 1,413,723 0 64.3% 1.64 N/A -- PERFORM TO MATURITY
162 1,409,439 0 67.1% 1.30 N/A -- PERFORM TO MATURITY
163 1,395,112 0 74.4% 1.56 N/A -- PERFORM TO MATURITY
164 1,347,174 0 N/A 0.00 N/A -- --
165 1,339,288 0 77.3% 1.36 N/A -- PERFORM TO MATURITY
166 1,297,662 0 72.8% 1.42 N/A -- PERFORM TO MATURITY
167 1,297,643 0 N/A 0.00 N/A -- --
168 1,234,936 0 78.4% 0.85 N/A -- PERFORM TO MATURITY
169 1,226,331 0 N/A 0.00 N/A -- --
170 1,198,742 0 70.5% 2.12 N/A -- PERFORM TO MATURITY
171 1,197,703 0 79.8% 1.31 N/A -- ORIGINATION
172 1,186,623 0 N/A 0.00 N/A -- --
173 1,180,257 0 67.6% 1.91 N/A -- PERFORM TO MATURITY
174 1,172,594 0 70.0% 1.34 N/A -- PERFORM TO MATURITY
175 1,093,131 0 72.1% 1.47 N/A -- PERFORM TO MATURITY
176 1,079,634 0 71.3% 1.60 N/A -- PERFORM TO MATURITY
177 1,064,195 0 74.3% 1.47 N/A -- PERFORM TO MATURITY
178 1,039,385 0 N/A 0.00 N/A -- --
179 1,018,412 0 70.2% 1.60 N/A -- PERFORM TO MATURITY
180 1,010,215 0 70.3% 1.37 N/A -- PERFORM TO MATURITY
181 1,007,134 0 N/A 0.00 N/A -- --
182 1,005,898 0 68.4% 0.00 N/A -- --
183 999,427 0 N/A 0.00 N/A -- --
184 997,849 0 68.8% 1.39 N/A -- PERFORM TO MATURITY
185 959,450 0 N/A 0.00 N/A -- --
186 899,085 0 N/A 0.00 N/A -- --
187 894,380 0 72.4% 1.47 N/A -- PERFORM TO MATURITY
188 884,463 0 66.9% 2.33 N/A -- PERFORM TO MATURITY
189 865,284 0 78.7% 1.12 N/A -- PERFORM TO MATURITY
190 848,591 0 N/A 0.00 N/A -- --
191 846,014 0 N/A 0.00 N/A -- --
192 828,058 0 73.6% 1.56 N/A -- PERFORM TO MATURITY
193 809,970 0 66.9% 1.77 N/A -- PERFORM TO MATURITY
194 791,229 0 61.8% 1.62 N/A -- ORIGINATION
195 779,528 0 50.3% 0.00 N/A -- --
196 759,300 0 N/A 0.00 N/A -- --
197 747,921 0 73.6% 1.36 N/A -- PERFORM TO MATURITY
198 746,107 0 N/A 0.00 N/A -- --
199 723,759 0 72.3% 1.62 N/A -- PERFORM TO MATURITY
200 715,115 0 N/A 0.00 N/A -- --
201 668,677 0 N/A 0.00 N/A -- --
202 661,993 0 N/A 0.00 N/A -- --
203 655,646 0 N/A 0.00 N/A -- --
204 639,482 0 N/A 0.00 N/A -- --
205 613,653 0 73.5% 1.45 N/A -- PERFORM TO MATURITY
206 557,694 0 N/A 0.00 N/A -- --
207 542,290 0 75.7% 1.40 N/A -- PERFORM TO MATURITY
- --- ------------- --- ------ ---- --- ------------------------- ------------------------------
TOTAL 760,186,132
=============
</TABLE>
Page - 29
<PAGE>
<TABLE>
MIDLAND LOAN SERVICES, L.P. - Master Servicer
Loan Portfolio Analysis System - Loan Terms
PORTFOLIO: PNCMAC 1999-CM1
REPORTING PERIOD: January, 2000
DATE PRINTED: 14-Jan-00
<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 44,973,184 10/28/1999 11/01/2029 358 8.580% F 348,566
002 36,417,364 08/26/1999 09/01/2029 116 8.000% F 267,824
003 32,760,979 06/25/1999 07/01/2029 114 7.740% F 235,286
004 20,976,765 11/01/1999 11/01/2029 118 8.060% F 154,970
005 13,571,925 08/18/1999 09/01/2029 116 7.430% F 94,442
006 12,478,836 09/07/1999 10/01/2029 117 7.760% F 89,638
007 12,188,403 09/29/1999 10/01/2029 81 8.600% F 94,673
008 11,664,634 06/18/1999 07/01/2029 114 8.180% F 87,323
009 11,392,819 10/29/1999 11/01/2029 118 8.310% F 86,126
010 11,365,842 10/26/1998 11/01/2028 106 6.320% F 71,332
011 10,988,270 09/30/1999 10/01/2029 117 8.190% F 82,176
012 10,987,946 09/20/1999 10/01/2029 117 8.090% F 81,405
013 10,251,140 08/31/1998 09/01/2028 104 6.700% F 66,980
014 9,959,351 07/09/1999 08/01/2024 115 8.650% F 81,536
015 9,462,872 05/19/1999 06/01/2029 113 7.480% F 66,295
016 4,473,106 09/07/1999 10/01/2029 117 8.100% F 33,171
017 1,755,378 09/08/1999 10/01/2029 117 8.700% F 13,760
018 1,087,994 09/08/1999 10/01/2029 117 8.700% F 8,528
019 855,210 09/08/1999 10/01/2029 117 8.700% F 6,704
020 698,355 09/08/1999 10/01/2029 117 8.700% F 5,474
021 8,519,081 07/30/1998 08/01/2028 343 6.890% F 56,845
022 8,474,356 10/13/1999 11/01/2029 118 8.040% F 62,460
023 7,882,067 08/09/1999 09/01/2029 116 7.990% F 57,912
024 7,472,793 09/15/1999 10/01/2029 117 7.890% F 54,349
025 7,185,137 08/18/1999 09/01/2029 116 7.430% F 49,999
026 7,153,122 10/25/1999 11/01/2029 118 8.570% F 55,410
027 7,091,078 09/21/1999 10/01/2029 117 7.570% F 49,985
028 6,995,600 09/03/1999 10/01/2029 117 8.320% F 52,934
029 6,881,091 07/19/1999 08/01/2029 115 7.980% F 50,534
030 6,642,732 09/23/1999 10/01/2029 117 8.100% F 49,260
031 6,631,331 06/25/1999 07/01/2029 114 7.890% F 48,286
032 6,484,928 08/20/1999 09/01/2029 116 7.910% F 47,288
033 6,462,194 06/23/1998 07/01/2028 102 6.860% F 42,963
034 6,338,860 10/13/1999 11/01/2024 118 8.370% F 50,577
035 6,218,311 05/20/1999 06/01/2024 113 7.960% F 48,150
036 5,715,099 08/12/1999 09/01/2029 116 8.170% F 42,688
037 5,702,303 01/15/1998 02/01/2028 97 7.190% F 39,330
038 5,635,097 10/13/1999 11/01/2024 118 8.370% F 44,962
039 5,596,509 10/15/1999 11/01/2029 118 8.360% F 42,505
040 5,560,431 05/06/1998 06/01/2023 101 7.420% F 41,643
041 5,434,486 10/22/1999 11/01/2029 118 8.380% F 41,367
042 5,426,380 09/01/1999 10/01/2029 117 8.300% F 41,000
043 5,387,011 08/03/1999 09/01/2029 116 7.770% F 38,761
044 5,228,088 05/14/1999 06/01/2029 113 7.740% F 37,575
045 5,146,502 10/11/1999 11/01/2029 118 7.940% F 37,574
046 4,995,197 10/25/1999 11/01/2029 118 8.570% F 38,694
047 4,966,433 12/15/1997 01/01/2028 156 7.440% F 35,103
048 3,294,987 09/03/1999 10/01/2029 117 8.130% F 24,514
049 1,643,885 08/04/1999 09/01/2024 116 8.130% F 12,877
050 4,635,481 08/19/1999 09/01/2029 116 8.000% F 34,091
051 4,543,294 09/08/1999 10/01/2029 117 8.230% F 34,119
052 4,514,716 04/08/1998 05/01/2023 124 8.160% F 35,992
053 4,489,109 09/30/1999 10/01/2024 117 8.560% F 36,417
054 4,430,042 03/27/1998 04/01/2028 99 7.180% F 30,485
055 4,383,106 05/21/1999 06/01/2029 113 7.550% F 30,916
056 4,350,982 10/17/1998 11/01/2023 106 6.640% F 30,300
057 4,278,953 04/21/1999 05/01/2029 112 7.760% F 30,828
058 4,196,959 10/13/1999 05/01/2027 118 8.790% F 33,806
059 4,096,137 10/05/1999 11/01/2024 118 8.670% F 33,485
060 4,003,157 04/29/1998 05/01/2028 100 7.950% F 29,576
061 3,989,600 06/30/1999 07/01/2029 114 8.160% F 29,798
062 3,897,518 10/08/1999 11/01/2029 118 8.260% F 29,327
063 3,897,425 10/20/1999 11/01/2029 118 8.080% F 28,835
064 3,854,115 08/05/1998 09/01/2028 104 6.940% F 25,790
</TABLE>
Page - 30
<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 3,808,791 08/28/1998 10/01/2023 105 7.260% F 28,034
066 3,593,911 08/11/1999 09/01/2029 116 8.260% F 27,071
067 3,588,151 06/09/1999 07/01/2029 114 7.300% F 24,681
068 3,444,136 08/06/1999 09/01/2029 116 8.240% F 25,894
069 3,340,464 06/25/1999 07/01/2029 114 7.840% F 24,208
070 3,307,738 08/12/1998 09/01/2028 344 6.890% F 22,041
071 3,297,857 10/15/1999 11/01/2029 118 8.160% F 24,583
072 3,294,971 09/24/1999 10/01/2029 117 8.120% F 24,491
073 3,285,903 10/05/1998 11/01/2028 346 6.900% F 21,866
074 3,242,008 06/10/1999 07/01/2029 78 8.350% F 24,645
075 3,193,081 06/18/1999 07/01/2029 114 8.270% F 24,104
076 3,190,332 08/11/1999 09/01/2024 296 9.130% F 27,140
077 3,135,956 07/28/1999 08/01/2024 115 8.210% F 24,752
078 3,019,929 08/23/1999 10/01/2027 117 8.610% F 23,865
079 2,991,961 08/26/1999 09/01/2024 116 8.520% F 24,197
080 2,991,257 08/06/1999 09/01/2024 116 8.070% F 23,294
081 2,913,342 05/27/1999 06/01/2029 113 7.910% F 21,279
082 2,904,063 09/02/1999 10/01/2024 117 8.630% F 23,696
083 2,867,872 09/13/1999 10/01/2024 117 8.450% F 23,053
084 1,297,946 10/26/1999 11/01/2024 118 8.880% F 10,803
085 1,098,262 10/26/1999 11/01/2024 118 8.880% F 9,141
086 399,368 10/26/1999 11/01/2024 118 8.880% F 3,324
087 2,791,954 07/28/1999 08/01/2029 115 7.810% F 20,176
088 2,691,515 06/24/1999 07/01/2029 54 8.050% F 19,906
089 848,907 07/30/1998 08/01/2028 103 7.030% F 5,739
090 1,816,267 07/30/1998 08/01/2028 103 7.030% F 12,279
091 2,626,253 09/22/1999 10/01/2029 117 8.340% F 19,925
092 2,550,393 07/31/1998 09/01/2028 104 7.050% F 17,252
093 2,525,706 08/23/1999 09/01/2014 176 8.510% F 25,155
094 2,526,359 07/09/1999 08/01/2019 115 8.190% F 21,598
095 2,495,131 10/15/1999 11/01/2024 118 7.840% F 19,031
096 2,496,213 09/09/1999 10/01/2029 117 8.140% F 18,589
097 2,494,868 08/30/1999 09/01/2029 116 8.360% F 18,975
098 2,468,317 08/19/1998 09/01/2028 344 6.870% F 16,415
099 2,462,845 01/09/1998 02/01/2028 97 7.740% F 17,893
100 2,447,351 09/07/1999 10/01/2029 117 8.140% F 18,217
101 2,422,492 05/27/1999 06/01/2029 173 7.980% F 17,811
102 2,396,654 09/03/1999 10/01/2029 117 8.410% F 18,301
103 2,385,151 09/16/1998 10/01/2023 105 7.110% F 17,310
104 2,373,624 07/21/1999 08/01/2029 115 8.060% F 17,563
105 2,323,946 10/13/1999 11/01/2024 118 8.530% F 18,792
106 2,320,066 08/16/1999 09/01/2029 116 8.240% F 17,451
107 2,320,066 08/06/1999 09/01/2029 116 8.240% F 17,451
108 2,318,323 08/20/1999 09/01/2024 116 8.150% F 18,176
109 2,195,481 09/24/1999 10/01/2024 117 9.280% F 18,886
110 2,189,532 07/21/1999 08/01/2024 115 7.890% F 16,820
111 2,160,270 06/16/1999 07/01/2029 114 8.100% F 16,045
112 2,145,901 10/28/1999 11/01/2024 118 7.950% F 16,523
113 2,124,911 09/03/1999 10/01/2029 117 8.280% F 16,032
114 2,091,324 09/17/1999 10/01/2026 240 8.140% F 15,989
115 2,090,644 10/04/1999 11/01/2029 118 8.170% F 15,599
116 2,061,214 08/14/1998 09/01/2023 104 6.880% F 14,682
117 2,054,356 06/04/1998 07/01/2023 102 7.980% F 16,103
118 1,996,725 08/24/1999 09/01/2029 116 8.390% F 15,223
119 1,969,641 09/10/1999 10/01/2029 117 7.760% F 14,141
120 1,968,138 01/08/1998 02/01/2028 37 7.610% F 14,135
121 1,923,907 09/10/1999 05/01/2025 117 8.120% F 14,294
122 1,914,597 08/11/1998 09/01/2023 104 6.980% F 13,757
123 1,896,399 10/01/1999 10/01/2024 118 7.980% F 14,639
124 1,877,170 09/30/1999 10/01/2029 117 8.160% F 14,005
125 1,875,636 07/12/1999 08/01/2024 115 7.850% F 14,347
126 1,841,255 06/04/1999 07/01/2024 114 7.750% F 13,989
127 1,798,979 10/13/1999 11/01/2029 118 8.820% F 14,251
128 1,169,290 10/11/1999 11/01/2029 118 8.490% F 8,988
129 629,618 10/11/1999 11/01/2029 118 8.490% F 4,840
130 1,798,224 09/29/1999 10/01/2029 117 8.470% F 13,802
131 1,795,749 08/23/1999 09/01/2029 116 7.840% F 13,008
132 1,787,821 05/28/1999 06/01/2024 113 7.880% F 13,750
133 1,775,025 06/26/1998 07/01/2028 342 6.940% F 11,903
134 1,769,317 09/04/1998 10/01/2023 105 6.900% F 12,607
135 1,766,036 07/13/1999 08/01/2024 115 8.330% F 14,080
</TABLE>
Page - 31
<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>
136 1,761,930 05/26/1999 06/01/2029 113 7.900% F 12,857
137 1,742,182 07/14/1999 08/01/2024 115 8.200% F 13,739
138 1,671,490 07/21/1999 08/01/2029 115 8.280% F 12,619
139 1,670,131 07/22/1998 08/01/2023 163 7.510% F 12,574
140 1,651,109 09/28/1999 10/01/2019 237 7.890% F 13,763
141 1,648,302 09/23/1999 10/01/2029 117 8.320% F 12,477
142 1,647,212 09/08/1999 10/01/2024 117 8.550% F 13,342
143 1,645,235 08/04/1999 09/01/2024 116 8.120% F 12,866
144 1,638,312 10/05/1999 11/01/2024 118 8.130% F 12,799
145 1,637,478 09/10/1999 10/01/2029 117 8.090% F 12,137
146 1,611,256 09/10/1999 10/01/2029 117 8.140% F 11,993
147 1,595,811 07/06/1999 08/01/2029 115 8.140% F 11,897
148 1,568,326 06/03/1999 07/01/2024 114 8.450% F 12,629
149 1,547,708 09/21/1999 10/01/2029 117 8.220% F 11,612
150 1,547,610 09/22/1999 10/01/2029 117 8.080% F 11,460
151 1,547,280 08/13/1999 09/01/2029 116 8.110% F 11,492
152 1,523,521 08/23/1999 09/01/2009 116 8.300% F 12,107
153 1,523,242 08/03/1998 09/01/2023 104 7.270% F 11,223
154 1,496,393 09/20/1999 10/01/2024 117 8.590% F 12,170
155 1,496,059 09/10/1999 10/01/2024 117 8.180% F 11,757
156 1,496,129 07/21/1999 08/01/2029 115 8.190% F 11,206
157 1,493,285 09/08/1999 10/01/2019 117 8.300% F 12,828
158 1,472,031 08/20/1998 09/01/2023 284 7.180% F 10,775
159 1,454,633 05/25/1999 06/01/2029 113 8.200% F 10,917
160 1,436,350 06/21/1999 07/01/2019 174 8.030% F 12,155
161 1,413,723 10/20/1998 11/01/2018 226 6.950% F 11,198
162 1,409,439 06/03/1999 07/01/2024 114 8.400% F 11,303
163 1,395,112 08/13/1999 09/01/2024 116 8.430% F 11,207
164 1,347,174 08/30/1999 09/01/2029 116 8.290% F 10,180
165 1,339,288 07/15/1999 08/01/2029 115 7.950% F 9,808
166 1,297,662 09/21/1999 10/01/2024 117 8.240% F 10,241
167 1,297,643 09/27/1999 10/01/2024 117 8.200% F 10,206
168 1,234,936 10/08/1998 11/01/2023 106 7.270% F 9,087
169 1,226,331 10/22/1999 11/01/2029 118 9.010% F 9,882
170 1,198,742 08/02/1999 09/01/2024 116 8.460% F 9,646
171 1,197,703 08/18/1999 09/01/2029 176 7.750% F 8,597
172 1,186,623 10/13/1999 11/01/2029 118 8.770% F 9,361
173 1,180,257 09/10/1998 10/01/2023 285 7.470% F 8,844
174 1,172,594 10/01/1999 11/01/2024 118 8.400% F 9,372
175 1,093,131 05/28/1999 06/01/2024 113 8.280% F 8,695
176 1,079,634 08/19/1998 09/01/2023 104 7.220% F 7,930
177 1,064,195 05/17/1999 06/01/2009 113 8.310% F 8,069
178 1,039,385 10/08/1999 11/01/2029 118 8.620% F 8,085
179 1,018,412 10/28/1998 11/01/2028 46 7.180% F 6,971
180 1,010,215 08/02/1999 09/01/2029 116 8.090% F 7,489
181 1,007,134 09/14/1999 10/01/2014 177 8.660% F 10,091
182 1,005,898 10/05/1999 11/01/2029 118 8.100% F 7,459
183 999,427 10/18/1999 11/01/2029 118 8.770% F 7,881
184 997,849 08/05/1999 09/01/2029 116 8.190% F 7,471
185 959,450 10/14/1999 11/01/2029 118 8.770% F 7,566
186 899,085 10/15/1999 11/01/2029 118 8.370% F 6,837
187 894,380 06/02/1999 06/01/2024 113 8.280% F 7,114
188 884,463 08/03/1998 09/01/2023 104 7.270% F 6,517
189 865,284 09/17/1998 10/01/2023 285 7.010% F 6,225
190 848,591 08/25/1999 09/01/2029 116 8.340% F 6,440
191 846,014 05/12/1999 06/01/2024 113 9.000% F 7,133
192 828,058 07/08/1999 08/01/2029 115 8.520% F 6,394
193 809,970 08/11/1998 09/01/2023 104 6.960% F 5,810
194 791,229 08/26/1999 09/01/2014 176 8.250% F 7,761
195 779,528 10/15/1999 11/01/2029 118 8.510% F 6,003
196 759,300 09/28/1999 10/01/2029 117 8.710% F 5,957
197 747,921 07/26/1999 08/01/2009 115 7.940% F 5,472
198 746,107 09/22/1999 10/01/2014 117 8.730% F 7,487
199 723,759 10/06/1999 11/01/2024 118 8.490% F 5,833
200 715,115 09/13/1999 10/01/2024 117 8.860% F 5,942
201 668,677 08/12/1999 09/01/2029 116 8.500% F 5,152
202 661,993 10/29/1999 11/01/2019 118 8.890% F 5,918
203 655,646 10/07/1999 11/01/2029 82 9.060% F 5,307
204 639,482 10/18/1999 11/01/2029 118 9.150% F 5,219
205 613,653 08/11/1998 09/01/2023 104 6.980% F 4,409
206 557,694 09/28/1999 10/01/2019 117 8.850% F 4,985
207 542,290 08/02/1999 09/01/2024 116 8.510% F 4,382
- --- ------------- ---------- ---------- ---- -------- ----- -----------
TOTAL 760,186,132
=============
</TABLE>
Page - 32
<PAGE>
<TABLE>
MIDLAND LOAN SERVICES, L.P. - Master Servicer
Loan Portfolio Analysis System - Property Description
PORTFOLIO: PNCMAC 1999-CM1
REPORTING PERIOD: January, 2000
DATE PRINTED: 14-Jan-00
<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>
005 1 Multifamily OKLAHOMA CITY OK 73112 1984 498 363,073 17,500,000 07/10/99 MAI APPRAISAL
008 1 Industrial BOSTON MA 02118 1900 N/A 154,550 16,331,000 05/27/99 UNDERWRITERS
010 1 Manufactured DOVER PA 17315 1985 140 N/A 3,500,000 08/14/98 MAI APPRAISAL
010 2 Manufactured NEWBERRY PA 17370 1972 N/A N/A 2,350,000 08/14/98 MAI APPRAISAL
010 3 Manufactured YORK PA 17402 1985 N/A N/A 4,625,000 08/14/98 MAI APPRAISAL
010 4 Manufactured HELLAM TOWNSHIPPA 1980 N/A N/A 4,700,000 08/14/98 MAI APPRAISAL
013 1 Multifamily EL PASO TX 79925 1985 352 N/A 13,200,000 08/04/98 MAI APPRAISAL
014 1 Lodging WEST LOS ANGELES CA 90048 1984 N/A N/A 18,600,000 06/02/99 MAI APPRAISAL
015 1 Multifamily KINGWOOD TX 77339 1977 260 N/A 12,454,000 05/19/99 UNDERWRITERS
016 1 Multifamily NORTH LITTLE AR 72116 1967 107 N/A 5,670,000 07/13/99 UNDERWRITERS
017 1 Retail NORTH LITTLE AR 72116 1984 N/A 39,900 2,450,000 07/08/99 UNDERWRITERS
018 1 Retail NORTH LITTLE AR 72116 1986 N/A 30,400 1,700,000 04/08/99 MAI APPRAISAL
019 1 Retail SHERWOOD AR 72120 1986 N/A 23,450 1,232,000 06/12/99 UNDERWRITERS
020 1 Retail NORTH LITTLE AR 72114 1987 N/A 12,000 1,000,000 06/16/99 UNDERWRITERS
020 2 Retail NORTH LITTLE AR 72114 N/A N/A N/A N/A N/A N/A
021 1 Retail MANCHESTER/HOOKS NH 03104 1983 N/A 115,187 9,386,000 09/17/99 UNDERWRITERS
023 1 Office SAN DIEGO CA 92130 1985 N/A 67,132 11,663,000 08/06/99 UNDERWRITERS
025 1 Multifamily OKLAHOMA CITY OK 73112 1985 262 N/A 9,300,000 07/10/99 MAI APPRAISAL
027 1 Multifamily ORLANDO FL 32812 1973 232 157,116 9,054,000 07/23/99 UNDERWRITERS
029 1 Office HOLMDEL NJ 07733 1990 N/A 120,160 9,290,000 07/19/99 UNDERWRITERS
031 1 Multifamily VICTORIA TX 77904 1982 288 N/A 8,308,000 06/29/99 UNDERWRITERS
032 1 Multifamily REVERE MA 02151 1987 72 N/A 8,542,000 08/25/99 UNDERWRITERS
033 1 Multifamily OKLAHOMA CITY OK 73162 1983 400 N/A 8,377,000 09/07/99 UNDERWRITERS
035 1 Retail PITTSFIELD MA 01201 1970 N/A 127,402 8,667,000 04/22/99 UNDERWRITERS
036 1 Office LOUISVILLE KY 40222 1975 N/A 105,116 8,291,000 07/16/99 UNDERWRITERS
037 1 Multifamily MESA AZ 85204 1983 209 N/A 7,000,000 11/06/97 MAI APPRAISAL
040 1 Retail SUN CITY CA 92586 1965 N/A 83,513 7,530,000 03/06/98 MAI APPRAISAL
041 1 Multifamily HAVERHILL MA 01830 1979 117 N/A 6,977,000 09/07/99 UNDERWRITERS
042 1 Office NEW BRIGHTON MN 55112 1990 N/A 68,043 7,600,000 07/22/99 MAI APPRAISAL
043 1 Multifamily STATE COLLEGE PA 16803 1998 86 N/A 6,979,000 07/21/99 UNDERWRITERS
044 1 Office COLORADO SPRINGS CO 80918 1983 N/A 79,645 7,162,000 05/11/99 UNDERWRITERS
047 1 Multifamily AZUSA CA 91702 1987 122 N/A 6,400,000 11/12/97 MAI APPRAISAL
048 1 Industrial PACOIMA CA 91331 1990 N/A 68,403 4,422,000 07/16/99 UNDERWRITERS
049 1 Industrial SYLMAR CA 91342 1982 N/A 43,850 2,218,000 06/18/99 UNDERWRITERS
050 1 Office MAITLAND FL 32751 1984 N/A 59,997 6,243,000 08/05/99 UNDERWRITERS
051 1 Office DECATUR GA 30030 1976 N/A 61,028 6,208,000 08/16/99 UNDERWRITERS
052 1 Office BOSTON MA 02111 1899 N/A 44,985 6,250,000 01/01/98 MAI APPRAISAL
054 1 Multifamily SPOKANE WA 99207 1997 132 112,068 6,366,000 09/21/99 UNDERWRITERS
055 1 Retail CHULA VISTA CA 91910 1998 N/A 38,966 5,616,000 04/23/99 UNDERWRITERS
056 1 Warehouse NORWOOD MA 02062 1980 N/A 73,367 5,646,000 09/17/99 UNDERWRITERS
057 1 Retail SANTA MARIA CA 93454 1999 N/A 25,788 5,630,000 04/05/99 UNDERWRITERS
060 1 Multifamily CAPE CANAVERAL FL 32920 1966 216 158,160 5,300,000 03/31/98 MAI APPRAISAL
064 1 Multifamily MIDWEST CITY OK 73110 1974 287 N/A 5,523,000 09/17/99 UNDERWRITERS
065 1 Lodging SOUTH BURLINGTON VT 05403 1988 N/A 33,600 5,355,000 09/03/99 UNDERWRITERS
066 1 Office COLORADO SPRINGS CO 80903 1999 N/A 36,061 5,076,000 08/09/99 UNDERWRITERS
067 1 Multifamily ALVIN TX 77511 1977 152 116,926 4,500,000 05/12/99 MAI APPRAISAL
068 1 Office UPPER DUBLIN PA 19034 1958 N/A 41,744 4,508,000 06/18/99 UNDERWRITERS
069 1 Multifamily DESOTO TX 75115 1984 128 N/A 4,273,000 07/23/99 UNDERWRITERS
070 1 Multifamily STATE COLLEGE PA 16803 1996 59 N/A 4,910,000 09/17/99 UNDERWRITERS
072 1 Industrial ZILWAUKEE MI 48604 1996 N/A 92,052 4,202,000 08/19/99 UNDERWRITERS
073 1 Retail BOWLING GREEN OH 43402 1970 N/A 91,325 4,150,000 06/09/98 MAI APPRAISAL
075 1 Retail OCEANSIDE CA 92054 1980 N/A 35,368 4,355,000 05/14/99 UNDERWRITERS
077 1 Retail WATERFORD CT 06385 1986 N/A 20,531 4,200,000 06/22/99 MAI APPRAISAL
079 1 Office AURORA CO 80011 1980 N/A 81,308 4,463,000 06/29/99 UNDERWRITERS
080 1 Office HACKETTSTOWN NJ 07840 1988 N/A 65,671 4,033,000 06/08/99 UNDERWRITERS
081 1 Office FT LAUDERDALE FL 33309 1982 N/A 39,978 3,910,000 05/06/99 UNDERWRITERS
082 1 Self Storage FREEPORT NY 11520 1969 469 13,100 3,990,000 07/20/99 UNDERWRITERS
087 1 Multifamily UPPER DARBY PA 19082 1927 144 76,510 3,854,000 07/23/99 UNDERWRITERS
088 1 Manufactured MONTROSE CO 81401 1979 N/A N/A 3,375,000 05/11/99 UNDERWRITERS
089 1 Multifamily SALEM OR 97306 1997 33 N/A 1,400,000 05/07/98 MAI APPRAISAL
090 1 Multifamily MCMINNVILLE OR 97128 1995 66 N/A 2,550,000 05/07/98 MAI APPRAISAL
092 1 Multifamily DALLAS TX 75219 1926 48 47,687 3,400,000 04/30/98 MAI APPRAISAL
093 1 Office BIG FLATS NY 14845 1968 N/A 35,000 4,090,000 08/09/99 UNDERWRITERS
094 1 Industrial NORTHBOROUGH MA 01532 1984 N/A 61,280 3,370,000 06/04/99 UNDERWRITERS
096 1 Multifamily HAMPTON VA 23666 1971 180 140,400 3,171,000 05/21/99 UNDERWRITERS
097 1 Retail COLUMBIA MD 21045 1987 N/A 24,295 3,620,000 08/30/99 UNDERWRITERS
098 1 Multifamily BAYSIDE WI 53217 1975 48 55,494 3,206,000 09/24/99 UNDERWRITERS
099 1 Multifamily JACKSONVILLE FL 32210 1973 123 N/A 2,850,000 12/03/97 MAI APPRAISAL
</TABLE>
Page -33
<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>
100 1 Retail SUN CITY CA 92586 1998 N/A 14,200 3,438,000 09/02/99 UNDERWRITERS
101 1 Multifamily SAN MARCOS TX 78666 1985 125 91,223 3,232,000 04/20/99 UNDERWRITERS
102 1 Industrial PARK CITY UT 84060 1997 N/A 29,704 3,327,000 08/02/99 UNDERWRITERS
103 1 Multifamily DALLAS TX 75204 1961 170 N/A 3,775,000 09/08/98 MAI APPRAISAL
104 1 Retail FARRAGUT TN 37922 1984 N/A 54,822 3,232,000 07/20/99 UNDERWRITERS
106 1 Office PEORIA AZ 85381 1990 N/A 25,801 2,925,000 07/09/99 MAI APPRAISAL
107 1 Retail SANTA MARIA CA 93458 1999 N/A 26,120 3,231,000 08/09/99 UNDERWRITERS
108 1 Multifamily HOUSTON TX 77055 1970 188 142,680 3,103,000 08/19/99 UNDERWRITERS
109 1 Lodging WEEKI WACHEE FL 34613 1993 N/A 26,733 3,100,000 09/28/99 UNDERWRITERS
110 1 Office SPRINGFIELD VA 22150 1982 N/A 40,663 3,399,000 07/21/99 UNDERWRITERS
111 1 Multifamily MERIDIAN MS 39302 1976 104 N/A 2,745,000 05/07/99 UNDERWRITERS
112 1 Multifamily ARLINGTON TX 76014 1984 100 N/A 3,094,000 08/18/99 UNDERWRITERS
113 1 Office CLEARWATER FL 33756 1983 N/A 38,305 2,945,000 08/24/99 UNDERWRITERS
115 1 Retail ROSTRAVER PA 15012 1999 N/A 24,049 2,660,000 07/20/99 UNDERWRITERS
116 1 Multifamily MANCHESTER NH 03103 1980 96 N/A 2,677,000 10/13/99 UNDERWRITERS
117 1 Retail SAN DIEGO CA 92154 1980 N/A 27,600 2,950,000 09/10/99 UNDERWRITERS
118 1 Office MANASSAS VA 22110 1987 N/A 39,091 2,692,000 08/23/99 UNDERWRITERS
119 1 Retail SALINA NY 13088 1999 N/A 11,317 2,475,000 07/24/99 MAI APPRAISAL
120 1 Multifamily LAWRENCE KS 66047 1982 38 47,258 2,599,000 09/02/99 UNDERWRITERS
121 1 Multifamily GRESHAM OR 97080 1992 72 67,022 3,770,000 08/05/99 MAI APPRAISAL
122 1 Multifamily WEST MONROE LA 71291 1973 120 98,088 2,825,000 07/08/98 MAI APPRAISAL
123 1 Multifamily MELBOURNE FL 32901 1965 120 N/A 2,607,000 08/23/99 UNDERWRITERS
124 1 Multifamily LOS ANGELES CA 90007 1989 25 N/A 2,467,000 07/26/99 UNDERWRITERS
125 1 Multifamily OKLAHOMA CITY OK 73107 1972 110 103,740 2,657,000 07/06/99 UNDERWRITERS
126 1 Warehouse COLUMBUS OH 43228 1998 N/A 72,000 2,570,000 05/03/99 UNDERWRITERS
131 1 Retail CLAY NY 13088 1998 N/A 11,347 2,425,000 07/06/99 UNDERWRITERS
132 1 Multifamily TAYLORSVILLE UT 84119 1968 57 45,827 2,370,000 05/27/99 UNDERWRITERS
133 1 Multifamily PHILADELPHIA PA 19116 1962 72 N/A 2,300,000 04/22/98 MAI APPRAISAL
134 1 Multifamily LAWRENCE KS 66044 1962 100 N/A 2,250,000 06/16/98 MAI APPRAISAL
135 1 Multifamily BATON ROUGE LA 70805 1968 183 N/A 2,368,000 07/12/99 UNDERWRITERS
136 1 Office HENDERSON NV 89014 1996 N/A 13,800 2,391,000 05/21/99 UNDERWRITERS
137 1 Office BEL AIR MD 21014 1989 N/A 38,016 2,643,000 07/01/99 UNDERWRITERS
138 1 Office LAS VEGAS NV 89118 1998 N/A 11,991 2,171,000 07/15/99 UNDERWRITERS
139 1 Multifamily COLLEGE STATIONTX 77840 1982 80 N/A 2,200,000 06/12/98 MAI APPRAISAL
140 1 Retail ANDERSON IN 46016 1998 N/A 10,125 1,997,000 08/10/99 UNDERWRITERS
142 1 Retail EAGLE-VAIL CO 81620 1975 N/A 14,350 2,260,000 07/09/99 UNDERWRITERS
143 1 Multifamily COVINGTON GA 30015 1985 64 N/A 2,587,000 06/28/99 UNDERWRITERS
144 1 Self Storage SMITHVILLE NJ 08201 1988 438 N/A 2,192,000 08/06/99 UNDERWRITERS
145 1 Multifamily AUSTIN TX 78704 1979 62 48,450 2,114,000 09/03/99 UNDERWRITERS
146 1 Multifamily ASHFORD CT 06278 1969 52 N/A 2,117,000 08/31/99 UNDERWRITERS
147 1 Office HALF MOON BAY CA 94019 1998 N/A 8,365 2,505,000 05/21/99 UNDERWRITERS
148 1 Retail TEMPE AZ 85281 1987 N/A 22,525 2,222,000 06/01/99 UNDERWRITERS
150 1 Office ROCKVILLE CENTRE NY 11570 1949 N/A 12,290 2,044,000 08/03/99 UNDERWRITERS
151 1 Multifamily LUBBOCK TX 79424 1984 36 45,813 1,980,000 06/21/99 MAI APPRAISAL
152 1 Office JACKSONVILLE FL 32207 1975 N/A 42,564 2,176,000 07/20/99 UNDERWRITERS
153 1 Multifamily NORMAN OK 73071 1972 121 101,382 2,200,000 03/09/98 MAI APPRAISAL
154 1 Manufactured BOKEELIA FL 33922 1982 11 N/A 2,188,000 08/27/99 UNDERWRITERS
155 1 Office TACOMA WA 98402 1942 N/A 34,156 2,565,000 09/02/99 UNDERWRITERS
156 1 Industrial PACOIMA CA 91331 1987 N/A 36,516 2,150,000 06/10/99 MAI APPRAISAL
157 1 Retail INDIANAPOLIS IN 46231 1976 N/A 59,124 2,445,000 07/28/99 UNDERWRITERS
158 1 Retail HAMPTON TOWNSHIP PA 15101 1981 10 54,000 2,300,000 06/03/98 MAI APPRAISAL
159 1 Retail SILVERTHORNE CO 80498 1992 N/A 10,030 1,973,000 04/14/99 UNDERWRITERS
160 1 Multifamily ANKENY IA 50021 1989 51 N/A 2,089,000 04/29/99 UNDERWRITERS
161 1 Industrial EAGLE ID 83616 1990 N/A 52,080 2,200,000 09/01/98 MAI APPRAISAL
162 1 Office NASHUA NH 03063 1982 N/A 19,563 2,102,000 05/18/99 UNDERWRITERS
163 1 Self Storage MIDLAND TX 79705 1975 386 N/A 1,876,000 08/05/99 UNDERWRITERS
165 1 Multifamily BOCA RATON FL 33428 1986 36 N/A 1,732,000 06/10/99 UNDERWRITERS
166 1 Multifamily PHOENIX AZ 85015 1972 76 64,676 1,782,000 07/23/99 UNDERWRITERS
168 1 Multifamily LAWRENCE KS 66046 1961 64 46,900 1,575,000 08/04/98 MAI APPRAISAL
170 1 Self Storage SACRAMENTO CA 95820 1976 396 N/A 1,700,000 07/30/99 UNDERWRITERS
171 1 Multifamily LENEXA KS 66219 1998 12 20,760 1,500,000 07/02/99 MAI APPRAISAL
173 1 Retail NEW YORK NY 10003 1890 N/A 2,912 1,747,000 10/05/99 UNDERWRITERS
174 1 Self Storage ANGLETON TX 77516 1995 417 N/A 1,675,000 09/15/99 UNDERWRITERS
175 1 Office SUNLAND PARK NM 88008 1999 N/A 13,200 1,516,000 05/20/99 UNDERWRITERS
176 1 Multifamily DALLAS TX 75219 1964 64 N/A 1,515,000 05/27/98 MAI APPRAISAL
177 1 Office SOUTHLAKE TX 76092 1998 N/A 9,986 1,433,000 05/13/99 UNDERWRITERS
179 1 Industrial SANTA FE SP CA 90670 1988 N/A 24,823 1,450,000 08/28/98 MAI APPRAISAL
180 1 Office SCOTTSDALE AZ 85260 1985 N/A 16,757 1,438,000 07/28/99 UNDERWRITERS
184 1 Multifamily PHOENIX AZ 85008 1985 32 25,344 1,451,000 08/04/99 UNDERWRITERS
187 1 Office SUNLAND PARK NM 88008 1999 N/A 10,815 1,236,000 05/20/99 UNDERWRITERS
188 1 Multifamily NORMAN OK 73071 1981 96 50,400 1,322,000 09/20/99 UNDERWRITERS
189 1 Multifamily BRISTOL CT 06010 1965 48 37,380 1,100,000 07/17/98 MAI APPRAISAL
192 1 Office SOUTHLAKE TX 76092 1998 N/A 10,623 1,125,000 05/12/99 UNDERWRITERS
193 1 Multifamily BATON ROUGE LA 70814 1970 60 N/A 1,210,000 09/02/99 UNDERWRITERS
</TABLE>
Page - 34
<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>
194 1 Self Storage EL PASO TX 79912 1993 359 50,560 1,280,000 07/23/99 UNDERWRITERS
197 1 Multifamily ARLINGTON TX 76011 1986 32 31,478 1,016,000 06/25/99 UNDERWRITERS
199 1 Self Storage SPRING TX 77379 1994 187 N/A 1,001,000 10/05/99 UNDERWRITERS
205 1 Multifamily WEST NONROE LA 71291 1971 40 N/A 835,000 07/08/98 MAI APPRAISAL
207 1 Self Storage RED BLUFF CA 96080 1975 214 N/A 716,000 07/30/99 UNDERWRITERS
</TABLE>
Page - 35
<PAGE>
<TABLE>
MIDLAND LOAN SERVICES, L.P. - Master Servicer
Loan Portfolio Analysis System - Property Performance
PORTFOLIO: PNCMAC 1999-CM1
REPORTING PERIOD: January, 2000
DATE PRINTED: 14-Jan-00
<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>
005 1 1,727,545 N/A UNDERWRITER 392,122 7/1/99 9/30/99 BORROWER 94.0% 9/20/99
008 1 764,615 N/A UNDERWRITER N/A N/A N/A N/A 98.0% 6/15/99
010 1 327,886 12/31/98 BORROWER 229,158 1/1/99 9/30/99 BORROWER 96.4% 10/20/99
010 2 205,203 12/31/98 BORROWER 137,960 1/1/99 9/30/99 BORROWER 87.4% 10/20/99
010 3 454,889 12/31/98 BORROWER 369,479 1/1/99 9/30/99 BORROWER 98.8% 10/20/99
010 4 429,688 12/31/98 BORROWER 325,849 1/1/99 9/30/99 BORROWER 96.5% 10/20/99
013 1 1,168,912 N/A UNDERWRITER 1,142,714 9/1/98 7/31/99 UNDERWRITER 100.0% 8/22/99
014 1 2,133,223 N/A UNDERWRITER N/A N/A N/A N/A 86.0% 7/31/99
015 1 975,207 N/A UNDERWRITER 419,577 6/1/99 9/30/99 BORROWER 93.3% 9/30/99
016 1 544,936 N/A UNDERWRITER 397,740 1/1/99 9/30/99 BORROWER 96.0% 9/30/99
017 1 297,304 N/A UNDERWRITER 234,282 1/1/99 9/30/99 BORROWER 100.0% 10/31/99
018 1 192,818 N/A UNDERWRITER 153,494 1/1/99 9/30/99 BORROWER 100.0% 10/31/99
019 1 125,274 N/A UNDERWRITER 101,106 1/1/99 9/30/99 BORROWER 100.0% 10/31/99
020 1 115,254 N/A UNDERWRITER 84,058 1/1/99 9/30/99 BORROWER 100.0% 10/31/99
020 2 N/A N/A N/A N/A N/A N/A N/A N/A N/A
021 1 1,035,982 N/A UNDERWRITER 814,097 1/1/99 9/30/99 BORROWER 97.9% 11/22/99
023 1 968,485 N/A UNDERWRITER 886,941 1/1/99 10/31/99 BORROWER 100.0% 10/25/99
025 1 924,217 N/A UNDERWRITER 204,858 7/1/99 9/30/99 BORROWER 99.0% 9/21/99
027 1 822,355 N/A UNDERWRITER N/A N/A N/A N/A 97.4% 7/19/99
029 1 529,909 N/A UNDERWRITER 244,758 7/1/99 9/30/99 BORROWER 96.1% 11/1/99
031 1 738,288 N/A UNDERWRITER 214,547 7/1/99 9/30/99 BORROWER 90.6% 9/30/99
032 1 744,058 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 8/10/99
033 1 782,619 N/A UNDERWRITER 202,442 1/1/99 3/31/99 BORROWER 97.0% 7/15/99
035 1 201,348 N/A UNDERWRITER 467,982 1/1/99 9/30/99 BORROWER 87.1% 10/28/99
036 1 690,437 N/A UNDERWRITER N/A N/A N/A N/A 95.1% 8/10/99
037 1 675,496 N/A UNDERWRITER 488,231 1/1/99 9/30/99 BORROWER 95.2% 6/20/99
040 1 900,194 12/31/98 BORROWER 680,803 1/1/99 9/30/99 BORROWER 93.6% 11/1/99
041 1 786,018 N/A UNDERWRITER 476,682 1/1/99 7/31/99 UNDERWRITER 97.0% 9/13/99
042 1 639,702 N/A UNDERWRITER 336,842 1/1/99 5/31/99 UNDERWRITER 100.0% 10/29/99
043 1 117,391 N/A UNDERWRITER 446,595 1/1/99 9/30/99 BORROWER 100.0% 9/30/99
044 1 439,532 12/31/98 SELLER 107,327 5/12/99 6/30/99 BORROWER 100.0% 8/31/99
047 1 653,515 N/A UNDERWRITER N/A N/A N/A N/A 99.0% 6/25/99
048 1 384,357 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 9/7/99
049 1 214,711 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 8/2/99
050 1 609,885 N/A UNDERWRITER 258,913 1/1/99 6/30/99 BORROWER 100.0% 5/1/99
051 1 672,989 N/A UNDERWRITER 325,700 1/1/99 6/30/99 UNDERWRITER 94.0% 6/30/99
052 1 531,212 N/A UNDERWRITER 509,799 1/1/99 9/30/99 BORROWER 100.0% 9/30/99
054 1 593,970 N/A UNDERWRITER 304,606 1/1/99 9/30/99 BORROWER 97.0% 10/1/99
055 1 502,890 N/A UNDERWRITER 352,055 1/1/99 9/30/99 BORROWER 100.0% 9/7/99
056 1 477,254 N/A UNDERWRITER 288,986 1/1/99 6/30/99 UNDERWRITER 100.0% 6/30/99
057 1 510,585 N/A UNDERWRITER 131,735 5/1/99 7/31/99 BORROWER 89.0% 4/9/99
060 1 483,533 12/31/97 BORROWER 459,999 1/1/99 9/30/99 BORROWER 90.7% 10/1/99
064 1 603,719 N/A UNDERWRITER 491,889 1/1/99 9/30/99 BORROWER 97.0% 10/29/99
065 1 720,273 N/A UNDERWRITER 589,393 1/1/99 9/30/99 BORROWER 81.3% 9/30/99
066 1 461,542 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 7/19/99
067 1 396,359 N/A UNDERWRITER 152,022 6/1/99 9/30/99 BORROWER 92.1% 9/30/99
068 1 444,017 N/A UNDERWRITER 279,860 1/1/99 9/30/99 BORROWER 100.0% 9/22/99
069 1 386,251 N/A UNDERWRITER 296,161 1/1/99 9/30/99 BORROWER 96.9% 9/30/99
070 1 573,045 N/A UNDERWRITER 409,006 1/1/99 9/30/99 BORROWER 100.0% 9/30/99
072 1 418,468 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 9/22/99
073 1 317,357 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 9/3/99
</TABLE>
Page - 36
<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>
075 1 452,866 N/A UNDERWRITER 151,956 6/1/99 10/28/99 BORROWER 92.8% 10/31/99
077 1 401,355 N/A UNDERWRITER 192,657 1/1/99 9/30/99 BORROWER 100.0% 10/28/99
079 1 462,216 N/A UNDERWRITER 299,689 1/1/99 9/30/99 BORROWER 83.4% 10/1/99
080 1 472,590 N/A UNDERWRITER 357,000 1/1/99 9/30/99 BORROWER 100.0% 9/30/99
081 1 235,916 N/A UNDERWRITER 94,139 7/1/99 9/30/99 BORROWER 100.0% 4/15/99
082 1 435,014 N/A UNDERWRITER N/A N/A N/A N/A 94.0% 6/9/99
087 1 381,876 N/A UNDERWRITER N/A N/A N/A N/A 91.7% 7/26/99
088 1 285,977 N/A UNDERWRITER 263,263 1/1/99 9/30/99 BORROWER 96.9% 9/30/99
089 1 114,169 12/31/98 BORROWER 105,013 1/1/99 9/30/99 BORROWER 100.0% 9/29/99
090 1 224,573 N/A UNDERWRITER 192,291 1/1/99 9/30/99 BORROWER 90.9% 9/29/99
092 1 316,211 N/A UNDERWRITER 420,194 1/1/99 10/30/99 BORROWER 96.0% 8/26/99
093 1 250,447 N/A UNDERWRITER 221,123 1/1/99 9/30/99 BORROWER 100.0% 8/12/99
094 1 297,827 N/A UNDERWRITER 272,173 1/1/99 9/30/99 BORROWER 100.0% 9/30/99
096 1 331,184 N/A UNDERWRITER 212,056 1/1/99 9/25/99 BORROWER 79.4% 11/11/99
097 1 356,689 N/A UNDERWRITER 241,266 1/1/99 9/30/99 BORROWER 88.9% 10/29/99
098 1 257,767 N/A UNDERWRITER 202,127 1/1/99 9/30/99 BORROWER 100.0% 9/30/99
099 1 206,475 N/A UNDERWRITER 243,682 1/1/99 9/30/99 BORROWER 95.1% 10/1/99
100 1 294,327 N/A UNDERWRITER 124,640 1/1/99 9/30/99 BORROWER 100.0% 9/30/99
101 1 307,418 N/A UNDERWRITER 311,948 1/1/99 9/20/99 BORROWER 96.8% 10/31/99
102 1 58,895 N/A UNDERWRITER 189,715 1/1/99 9/30/99 BORROWER 90.9% 10/31/99
103 1 299,029 N/A UNDERWRITER 94,620 1/1/99 6/30/99 UNDERWRITER 98.0% 9/1/99
104 1 319,546 N/A UNDERWRITER 462,582 1/1/99 9/30/99 BORROWER 97.4% 11/1/99
106 1 89,712 N/A UNDERWRITER 45,789 8/1/99 9/30/99 BORROWER 100.0% 9/30/99
107 1 277,217 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 8/1/99
108 1 354,542 N/A UNDERWRITER 178,857 6/10/99 10/31/99 BORROWER 98.4% 10/31/99
109 1 644,132 N/A UNDERWRITER N/A N/A N/A N/A 78.0% 6/8/99
110 1 528,216 N/A UNDERWRITER 375,468 1/1/99 9/30/99 BORROWER 100.0% 11/1/99
111 1 251,207 N/A UNDERWRITER 130,448 1/1/99 9/30/99 BORROWER 86.5% 9/30/99
112 1 335,711 N/A UNDERWRITER N/A N/A N/A N/A 99.0% 7/20/99
113 1 154,618 N/A UNDERWRITER 201,133 1/1/99 9/30/99 BORROWER 85.6% 9/30/99
115 1 237,701 N/A UNDERWRITER 121,174 1/1/99 9/30/99 BORROWER 100.0% 10/28/99
116 1 235,548 12/31/97 BORROWER 185,063 1/1/99 9/30/99 BORROWER 97.9% 11/1/99
117 1 238,496 N/A UNDERWRITER 230,636 1/1/99 9/30/99 BORROWER 91.3% 9/30/99
118 1 281,798 N/A UNDERWRITER 99,782 1/1/99 4/30/99 UNDERWRITER 100.0% 8/6/99
119 1 205,285 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 6/1/99
120 1 263,656 N/A UNDERWRITER 117,994 1/1/99 6/30/99 BORROWER 100.0% 6/24/99
121 1 260,597 N/A UNDERWRITER 135,165 1/1/99 6/30/99 UNDERWRITER 94.0% 9/7/99
122 1 256,172 N/A UNDERWRITER 141,351 1/1/99 9/30/99 BORROWER 95.8% 9/30/99
123 1 260,551 N/A UNDERWRITER 216,090 1/1/99 9/30/99 BORROWER 95.0% 9/30/99
124 1 225,989 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 9/24/99
125 1 261,220 N/A UNDERWRITER 153,617 1/1/99 9/30/99 BORROWER 95.5% 9/30/99
126 1 238,539 N/A UNDERWRITER 44,500 1/1/99 9/30/99 BORROWER 100.0% 9/30/99
131 1 201,732 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 8/25/99
132 1 243,909 N/A UNDERWRITER 153,155 1/1/99 9/30/99 BORROWER 94.7% 9/30/99
133 1 228,990 N/A UNDERWRITER 181,156 1/1/99 9/30/99 BORROWER 94.0% 6/30/99
134 1 227,651 N/A UNDERWRITER 172,911 1/1/99 9/30/99 BORROWER 96.0% 9/27/99
135 1 330,285 N/A UNDERWRITER N/A N/A N/A N/A 99.0% 6/22/99
136 1 217,930 N/A UNDERWRITER 99,329 1/1/99 6/30/99 BORROWER 100.0% 4/9/99
137 1 297,719 12/31/98 BORROWER 247,401 1/1/99 9/30/99 BORROWER 92.4% 10/1/99
138 1 219,455 N/A UNDERWRITER 208,376 1/1/99 9/30/99 BORROWER 100.0% 11/9/99
139 1 252,036 N/A UNDERWRITER 202,183 1/1/99 10/31/99 BORROWER 98.8% 11/18/99
140 1 176,743 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 9/24/99
142 1 209,786 N/A UNDERWRITER 172,862 1/1/99 9/30/99 BORROWER 100.0% 11/1/99
143 1 260,455 N/A UNDERWRITER N/A N/A N/A N/A 95.0% 7/26/99
144 1 226,035 N/A UNDERWRITER N/A N/A N/A N/A 84.0% 9/14/99
145 1 237,234 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 9/7/99
</TABLE>
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<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>
146 1 192,958 N/A UNDERWRITER N/A N/A N/A N/A N/A N/A
147 1 195,846 N/A UNDERWRITER 72,354 1/1/99 4/30/99 UNDERWRITER 100.0% 6/29/99
148 1 234,409 N/A UNDERWRITER 187,580 1/1/99 9/30/99 BORROWER 100.0% 11/1/99
150 1 176,124 N/A UNDERWRITER N/A N/A N/A N/A 97.0% 9/9/99
151 1 147,168 N/A UNDERWRITER 130,348 1/1/99 9/30/99 BORROWER 94.4% 9/30/99
152 1 206,640 N/A UNDERWRITER 167,656 1/1/99 9/30/99 BORROWER 97.1% 9/30/99
153 1 273,987 N/A UNDERWRITER 282,144 1/1/99 10/31/99 BORROWER 90.9% 9/30/99
154 1 254,989 N/A UNDERWRITER 95,133 1/1/99 9/30/99 BORROWER 80.8% 9/30/99
155 1 207,299 N/A UNDERWRITER 181,135 1/1/99 8/31/99 BORROWER 100.0% 8/27/99
156 1 216,625 N/A UNDERWRITER 34,327 8/1/99 9/30/99 BORROWER 100.0% 9/30/99
157 1 128,220 N/A UNDERWRITER 12,651 1/1/99 6/30/99 UNDERWRITER 95.6% 6/17/99
158 1 201,910 N/A UNDERWRITER 254,819 1/1/99 9/30/99 BORROWER 100.0% 11/9/99
159 1 125,194 N/A UNDERWRITER 74,123 5/1/99 9/30/99 BORROWER 100.0% 10/1/99
160 1 218,337 N/A UNDERWRITER 192,220 1/1/99 9/30/99 BORROWER 84.3% 9/30/99
161 1 221,663 12/31/98 BORROWER 189,055 1/1/99 9/30/99 BORROWER 100.0% 11/3/99
162 1 177,537 N/A UNDERWRITER 5,645 1/1/99 9/30/99 BORROWER 85.2% 9/30/99
163 1 209,941 N/A UNDERWRITER 61,100 1/1/99 3/31/99 UNDERWRITER 94.0% 4/30/99
165 1 161,201 N/A UNDERWRITER 110,258 1/1/99 9/30/99 BORROWER 100.0% 10/31/99
166 1 175,425 N/A UNDERWRITER 109,770 1/1/99 9/30/99 BORROWER 98.7% 9/30/99
168 1 93,559 N/A UNDERWRITER 128,276 10/1/98 6/30/99 UNDERWRITER 95.0% 9/1/99
170 1 246,422 N/A UNDERWRITER N/A N/A N/A N/A 97.0% 7/27/99
171 1 135,498 N/A UNDERWRITER N/A N/A N/A N/A 100.0% 8/17/99
173 1 202,830 12/31/98 BORROWER 63,206 1/1/99 6/30/99 BORROWER 100.0% 7/31/99
174 1 150,715 N/A UNDERWRITER 115,949 1/1/99 7/31/99 UNDERWRITER 99.0% 9/22/99
175 1 154,205 N/A UNDERWRITER 86,601 1/1/99 6/30/99 BORROWER 100.0% 10/6/99
176 1 152,655 6/30/99 BORROWER 185,692 1/1/99 9/30/99 BORROWER 96.5% 9/20/99
177 1 142,810 N/A UNDERWRITER 109,370 1/1/99 9/30/99 BORROWER 100.0% 9/30/99
179 1 134,400 N/A UNDERWRITER 102,096 1/1/99 9/30/99 BORROWER 100.0% 10/26/99
180 1 123,988 N/A UNDERWRITER 40,106 8/1/99 9/30/99 BORROWER 100.0% 10/1/99
184 1 124,726 7/31/99 BORROWER 116,250 1/1/99 9/30/99 BORROWER 96.9% 10/1/99
187 1 125,798 N/A UNDERWRITER 14,276 9/1/99 9/30/99 BORROWER 100.0% 9/30/99
188 1 182,937 N/A UNDERWRITER 145,814 1/1/99 9/30/99 BORROWER 92.7% 9/30/99
189 1 83,889 N/A UNDERWRITER 27,392 1/1/99 9/30/99 BORROWER 91.7% 9/30/99
192 1 120,223 N/A UNDERWRITER 98,401 1/1/99 9/30/99 BORROWER 100.0% 9/30/99
193 1 123,448 N/A UNDERWRITER 79,343 1/1/99 9/30/99 BORROWER 98.3% 9/30/99
194 1 151,459 N/A UNDERWRITER 43,737 1/1/99 5/31/99 UNDERWRITER 88.0% 7/12/99
197 1 89,883 N/A UNDERWRITER 77,860 1/1/99 9/30/99 BORROWER 96.9% 9/29/99
199 1 114,043 N/A UNDERWRITER N/A N/A N/A N/A 79.0% 9/14/99
205 1 76,759 N/A UNDERWRITER 44,669 1/1/99 9/30/99 BORROWER 90.0% 9/30/99
207 1 73,991 N/A UNDERWRITER N/A N/A N/A N/A 92.0% 7/28/99
</TABLE>
Page - 38
<PAGE>
MIDLAND LOAN SERVICES, L.P. - Master Servicer
Loan Portfolio Analysis System - Asset Comments
PORTFOLIO: PNCMAC 1999-CM1
REPORTING PERIOD: January, 2000
DATE PRINTED: 14-Jan-00
LOAN 005 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING SYSTEM, CAPITAL
EXPENSES PER BORROWER'S BUDGETED AMOUNT.
LOAN 008 - 1:
LOAN 010 - 3: Latest Annual Statement Comment: 12/31/1998 -
BORROWER REPORTED AN INCREASE IN PARTNER MGMT EXP COMPARED TO LAST YEAR.
PROPERTY TAXES PER BORROWER. INSURANCE NORMALIZED PER 1997 FIGURE. DEBT SERVICE
WAS PRORATED BASED ON UNDERWRITING NOI. Partial Year Statement Comment:
09/30/1999 - NORMALIZED PROPERTY TAXES PER SERVICING SYSTEM
LOAN 010 - 2: Latest Annual Statement Comment: 12/31/1998 -
PROPERTY TAXES PER BORROWER. INSURANCE NORMALIZED PER 1997 FIGURE. DEBT SERVICE
WAS PRORATED BASED ON UNDERWRITING NOI. Partial Year Statement Comment:
09/30/1999 - NORMALIZED PROPERTY TAXES PER SERVICING SYSTEM
LOAN 010 - 1: Latest Annual Statement Comment: 12/31/1998 -
PROPERTY TAXES AND PER BORROWER. INSURANCE NORMALIZED PER 1997 FIGURE. DEBT
SERVICE WAS PRORATED BASED ON UNDERWRITING NOI. Partial Year Statement
Comment: 09/30/1999 - NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING
SYSTEM
LOAN 010 - 4: Latest Annual Statement Comment: 12/31/1998 -
INSURANCE PER BORROWER. PROPERTY TAXES NORMALIZED PER UNDERWRITING. DEBT SERVICE
WAS PRORATED BASED ON UNDERWRITING NOI. Partial Year Statement Comment:
09/30/1999 - NORMALIZED PROPERTY TAXES PER SERVICING SYSTEM
LOAN 013 - 1:
LOAN 014 - 1:
LOAN 015 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 016 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 017 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM.
LOAN 018 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 019 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM.
LOAN 020 - 2:
LOAN 020 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 021 - 1: Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAXES PER LOAN SERVICING INFORMATION. INSURANCE PER
BORROWER. PROFESSIONAL FEE INCLUDES LEGAL AND CONSULTING FEES ASSOCIATED WITH
THE CLOSING OF THE LOAN. Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 023 - 1: Partial Year Statement Comment: 10/31/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 025 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED TAX AND INSURANCE PER LOAN SERVICING SYSTEM, CAPITAL EXPENSE PER
BORROWER'S BUDGET.
LOAN 027 - 1:
LOAN 029 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
Page - 39
<PAGE>
LOAN 031 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICNG SYSTEM
LOAN 032 - 1:
LOAN 033 - 1: Latest Annual Statement Comment: 06/30/1999 -
NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING SYSTEM, CAPITAL
IMPROVEMENTS PER BORROWER'S BUDGET.
LOAN 035 - 1:
LOAN 036 - 1:
LOAN 037 - 1: Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED TAX AND INSURANCE PER LOAN SERVICING. OTHER INCOME INCREASED DUE TO
A 100% INCREASE IN LAUNDRY INCOME OVER BUDGET.
LOAN 040 - 1: Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED TAXES AND INSURANCE PER LOAN SERVICING. Partial Year Statement
Comment: 09/30/1999 - NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING
SYSTEM
LOAN 041 - 1:
LOAN 042 - 1:
LOAN 043 - 1: Latest Annual Statement Comment: 04/30/1999 -
NO INCOME GIVEN FOR TRAILING 12 MONTH STATEMENT - USED FOR BASELINE EXPENSE
STABILIZATION ONLY. Partial Year Statement Comment: 09/30/1999 - NORMALIZED
PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 044 - 1: Partial Year Statement Comment: 06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 047 - 1:
LOAN 048 - 1:
LOAN 049 - 1:
LOAN 050 - 1: Partial Year Statement Comment: 06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 051 - 1:
LOAN 052 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 054 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 055 - 1:
LOAN 056 - 1:
LOAN 057 - 1:
LOAN 060 - 1: Latest Annual Statement Comment: 12/31/1997 -
HISTORICAL STATEMENT PRIOR TO PROPERTY ACQUISITION. Partial Year Statement
Comment: 09/30/1999 - NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING
SYSTEM
LOAN 064 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 065 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING INFORMATION. INCREASE
IN REVENUE DUE TO THE SEASONALITY OF THE BUSINESS, CAUSING INCREASE IN DSCR.
VARIANCE IN LINE ITEMS DUE TO DIFFERENT CATEGORIZATION OF EXPENSES.
LOAN 066 - 1:
LOAN 067 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 068 - 1:
LOAN 069 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
Page - 40
<PAGE>
LOAN 070 - 1: Latest Annual Statement Comment: 08/31/1999 -
OTHER EXPENSE INCLUDES COST OF CATA BUS PASSES FOR COMPLEX. THE 1998 STATEMENT
INDICATES A LOWER COST FOR THE BUS PASSES AS THE BORROWER NEGOTIATED A LOWER
RATE FROM CATA FOR 1998. Partial Year Statement Comment: 09/30/1999 - NORMALIZED
PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.
LOAN 072 - 1:
LOAN 073 - 1: Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAXES PER LOAN SERVICING INFORMATION. INSURANCE PER
BORROWER. 1996-1998 INCOME AND EXPENSE ARE PRIOR TO THE CONSTRUCTION OF STAPLES.
THE UNDERWRITING INCLUDES STAPLES WHOSE LEASE STARTED 4/30/98.
LOAN 075 - 1: Latest Annual Statement Comment: 03/31/1999 -
NORMALIZED PROEPRTY TAXES AND INSURANCE PER SERVICNG SYSTEM Partial Year
Statement Comment: 10/28/1999 - NORMALIZED PROPERTY TAXES AND INSURANCE PER
SERVICING SYSTEM
LOAN 077 - 1:
LOAN 079 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 080 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 081 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES PER SERVICING SYSTEM. NO MONEY ESCROWED FOR INSURANCE.
LOAN 082 - 1: Latest Annual Statement Comment: 04/30/1999 -
SIX MONTH ANNUALIZED STATEMENT.
LOAN 087 - 1:
LOAN 088 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 089 - 1: Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAXES PER SERVICING INFORMATION. NORMALIZED INSURANCE PER
BASE LINE. BORROWER REPORTED FEWER OFFICE STAFF SALARIES. BORROWER DID NOT
REPORT PROPERTY TAXES & INSURANCE. Partial Year Statement Comment:
09/30/1999 - NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 090 - 1: Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAXES PER LOAN SERVICING INFORMATION. NORMALIZED INSURANCE
PER BASE LINE. NORMALIZED MANAGEMENT FEES TO 3.5% OF REVENUES, SIMILAR TO 97
FIGURES. BRWR. DID NOT REPORT OFFICE STAFF PAYROLL. BRWR. DID NOT REPORT
PROPERTY TAXES & INS. Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES PER SERVICING SYSTEM
LOAN 092 - 1: Partial Year Statement Comment: 10/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 093 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 094 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 096 - 1: Partial Year Statement Comment: 09/25/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 097 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 098 - 1: Latest Annual Statement Comment: 12/31/1998 - 'OTHER INCOME'
HAS INCREASED DUE TO LAUNDRY INCOME. UTILITIES HAVE INCREASED DUE
TO WATER/SEWER EXPENSE. Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 099 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 100 - 1:
LOAN 101 - 1: Latest Annual Statement Comment: 12/31/1998 -
See comment log pertaining to capital expenses for 1998 and other expense
comments. Partial Year Statement Comment: 09/20/1999 - NORMALIZED PROPERTY
TAXES AND INSURANCE PER SERVICING SYSTEM
Page - 41
<PAGE>
LOAN 102 - 1: Latest Annual Statement Comment: 12/31/1998 -
THE PROPERTY HAS BEEN CONSTRUCTED IN 1998 Partial Year Statement Comment:
09/30/1999 - NORMALZIED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 103 - 1:
LOAN 104 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 106 - 1: Latest Annual Statement Comment: 12/31/1998 -
HISTORICAL EXPENSES HAVE BEEN TRACKED TO A CERTAIN DEGREE WHILE INCOME FROM RENT
WAS NOT BECAUSE THE OWNER DID NOT HAVE LEASES ON ALL OF THE SPACES. Partial
Year Statement Comment: 09/30/1999 - NORMALIZED PROPERTY TAXES AND INSURANCE
PER SERVICING SYSTEM
LOAN 107 - 1:
LOAN 108 - 1: Partial Year Statement Comment: 10/31/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 109 - 1:
LOAN 110 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 111 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM. MOST CAPITAL
EXPENSES WERE FOR APPLIANCES, CARPETING, LAWN EQUIPMENT, HVAC AND TILE/VINYL.
LOAN 112 - 1:
LOAN 113 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 115 - 1:
LOAN 116 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 117 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 118 - 1:
LOAN 119 - 1:
LOAN 120 - 1: Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED TAXES AND INSURANCE PER LOAN SERVICING. Partial Year Statement
Comment: 06/30/1999 - NORMALIZED TAXES AND INSURANCE PER LOAN SERVICING.
LOAN 121 - 1:
LOAN 122 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 123 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 124 - 1:
LOAN 125 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 126 - 1:
LOAN 131 - 1:
LOAN 132 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 133 - 1: Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAX AMOUNT PER LOAN SERVICING SYSTEM. Partial Year
Statement Comment: 09/30/1999 - NORMALIZED PROPERTY TAXES PER SERVICING SYSTEM
LOAN 134 - 1: Latest Annual Statement Comment: 07/31/1999 -
TAXES AND INSURANCE COMBINED ON THE ACTUAL FIGURES. Partial Year Statement
Comment: 09/30/1999 - NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING
SYSTEM
LOAN 135 - 1:
Page - 42
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LOAN 136 - 1:
LOAN 137 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 138 - 1:
LOAN 139 - 1: Partial Year Statement Comment: 10/31/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 140 - 1:
LOAN 142 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 143 - 1:
LOAN 144 - 1:
LOAN 145 - 1:
LOAN 146 - 1:
LOAN 147 - 1:
LOAN 148 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 150 - 1:
LOAN 151 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAX, INSURANCE, AND RESERVES PER LOAN SERVICING SYSTEM.
LOAN 152 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 153 - 1: Partial Year Statement Comment: 10/31/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 154 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM. LOW DSCR DUE TO
LOW OCCUPANCY
LOAN 155 - 1: Partial Year Statement Comment: 08/31/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM.
LOAN 156 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 157 - 1:
LOAN 158 - 1: Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN SERVICING SYSTEM. Partial Year
Statement Comment: 09/30/1999 - NORMALIZED PROPERTY TAXES AND INSURANCE PER
SERVICING SYSTEM
LOAN 159 - 1: Partial Year Statement Comment: 09/30/1999 - NORMALIZED
PROPERTY TAX AND INSURANCE PER LOAN SERVICING SYSTEM. BEGINNING DATE
FROM LOAN CLOSING.
LOAN 160 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 161 - 1: Latest Annual Statement Comment: 12/31/1998 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING INFO. BORROWER DID NOT
REPORT YTD PROPERTY TAXES. Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 162 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM. LOW DSCR DUE TO
LOW OCCUPANCY
LOAN 163 - 1:
LOAN 165 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 166 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 168 - 1:
LOAN 170 - 1:
Page - 43
<PAGE>
LOAN 171 - 1:
LOAN 173 - 1: Partial Year Statement Comment: 06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION. TOTAL
OPERATING EXPENSE INCREASED DUE TO INCREASE IN PROFESSIONAL FEES THAT RELATED
WITH THE LOAN CLOSING.
LOAN 174 - 1:
LOAN 175 - 1:
LOAN 176 - 1: Latest Annual Statement Comment: 06/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM Partial Year
Statement Comment: 09/30/1999 - NORMALIZED PROPERTY TAXES AND INSURANCE PER
SERVICING SYSTEM
LOAN 177 - 1:
LOAN 179 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES PER SERVICING SYSTEM
LOAN 180 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAX, INSURANCE, AND CAPITAL EXPENSES PER LOAN SERVICING
SYSTEM.
LOAN 184 - 1: Latest Annual Statement Comment: 07/31/1999 -
Normalized property taxes and insurance per loan servicing system. Partial
Year Statement Comment: 09/30/1999 - NORMALIZED PROPERTY TAXES AND INSURANCE PER
SERVICING SYSTEM
LOAN 187 - 1:
LOAN 188 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 189 - 1: Latest Annual Statement Comment: 12/31/1997 -
HISTORICAL STATEMENT PRIOR TO ACQUISTION. Partial Year Statement Comment:
09/30/1999 - NORMALIZED PROPERTY TAXES PER SERVICING SYSTEM. LOW DSCR DUE TO
EXCLUSION OF AN UNCLASSIFIED REVENUE OF $153,889.15
LOAN 192 - 1:
LOAN 193 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 194 - 1:
LOAN 197 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAX, INSURANCE AND CAPITAL EXPENSES PER LOAN SERVICING
SYSTEM.
LOAN 199 - 1:
LOAN 205 - 1: Partial Year Statement Comment: 09/30/1999 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM
LOAN 207 - 1:
Page - 44
