PNC MORT ACCEPT CORP COMMERC MORT PASS THR CERT SER 1999 CM1
8-K, EX-20, 2000-06-16
ASSET-BACKED SECURITIES
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<TABLE>
                 MIDLAND LOAN SERVICES, L.P. - Master Servicer
                  Loan Portfolio Analysis System - Loan Status
                           PORTFOLIO: PNCMAC 1999 CM1
                          REPORTING PERIOD: June, 2000
                            DATE PRINTED: 12-Jun-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           44,840,952       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
002           36,324,385       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
003           32,671,264       0       333.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
004           20,914,907       0        59.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
005           13,517,024       0        77.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
006           12,445,444       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
007           12,157,205       0        73.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
008           11,630,399       0        71.2%    1.72     N/A        PERFORMING                    PERFORM TO MATURITY
009           11,361,529       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
010           11,311,926       0        74.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
011           10,956,971       0         N/A     0.19     N/A        PERFORMING                    PERFORM TO MATURITY
012           10,950,760       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
013           10,197,649       0        77.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
014            9,914,741       0        53.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
015            9,429,867       0        75.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
016            4,460,070       0        78.7%    0.00     N/A        PERFORMING                    ORIGINATION
017            1,751,003       0        71.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
018            1,085,283       0        66.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
019              853,078       0        69.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
020              696,614       0        69.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
021            8,470,803       0        90.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
022            8,445,462       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
023            7,861,896       0        67.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
024            7,453,381       0        72.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
025            7,156,072       0        76.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
026            7,137,363       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
027            7,067,521       0        78.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
028            6,976,436       0        78.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
029            6,863,346       0        73.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
030            6,620,312       0        69.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
031            6,610,557       0        79.6%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
032            6,468,026       0        75.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
033            6,434,246       0        76.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
034            6,309,568       0        68.6%    1.35     N/A        PERFORMING                    PERFORM TO MATURITY
035            6,186,111       0        71.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
036            5,698,595       0        68.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
037            5,678,488       0        81.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
038            5,609,057       0        65.2%    1.80     N/A        PERFORMING                    PERFORM TO MATURITY
039            5,581,336       0        79.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
040            5,526,007       0        73.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
041            5,419,717       0        77.7%    0.00     N/A        PERFORMING                    ORIGINATION
042            5,411,354       0        75.0%    0.00     N/A        PERFORMING                    ORIGINATION
043            5,369,702       0        76.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
044            5,213,659       0        72.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
045            5,128,485       0        78.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
046            4,984,192       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
047            4,946,697       0        77.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
048            3,285,386       0        74.3%    0.00     N/A        PERFORMING                    ORIGINATION
049            1,635,814       0        73.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
050            4,621,407       0        74.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
051            4,530,389       0        73.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
052            4,489,978       0        71.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
053            4,472,421       0        69.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
054            4,411,691       0        69.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
055            4,368,071       0        77.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
056            4,321,123       0        76.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
057            4,264,819       0        75.8%    0.00     N/A        PERFORMING                    ORIGINATION
058            4,181,369       0        61.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
059            4,078,415       0        49.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
060            3,989,477       0        75.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
061            3,977,919       0        78.8%    2.43     N/A        PERFORMING                    PERFORM TO MATURITY
062            3,886,675       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
</TABLE>
                                   Page - 28
<PAGE>
<TABLE>
<CAPTION>
               CURRENT
               PRINCIPAL      DAYS                      ENVIRON
ASSET NO       BALANCE       DELINQ     LTV      DSCR    ISSUES      ASSET STATUS                  RESOLUTION TYPE
<S>        <C>                <C>      <C>       <C>      <C>        <C>                           <C>
063            3,884,278       0        74.7%    1.36     N/A        PERFORMING                    PERFORM TO MATURITY
064            3,835,067       0        69.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
065            3,785,080       0        70.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
066            3,583,768       0        70.6%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
067            3,575,194       0        79.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
068            3,434,365       0        76.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
069            3,329,869       0        77.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
070            3,293,592       0        67.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
071            3,288,444       0        68.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
072            3,285,347       0        78.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
073            3,272,154       0        78.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
074            3,232,966       0        72.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
075            3,183,922       0        73.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
076            3,177,413       0        70.6%    1.52     N/A        PERFORMING                    PERFORM TO MATURITY
077            3,120,686       0        74.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
078            3,011,780       0        68.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
079            2,978,423       0        66.7%    0.00     N/A        PERFORMING                    ORIGINATION
080            2,976,521       0        73.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
081            2,904,117       0        74.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
082            2,891,210       0        72.5%    0.00     N/A        PERFORMING                    ORIGINATION
083            2,856,997       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
084            1,292,512       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
085            1,093,664       0        57.6%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
086              397,696       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
087            2,784,469       0        72.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
088            2,684,649       0        79.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
089              845,367       0        60.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
090            1,808,692       0        70.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
091            2,619,001       0        72.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
092            2,539,935       0        74.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
093            2,490,168       0        62.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
094            2,505,439       0        74.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
095            2,484,654       0        59.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
096            2,490,093       0        78.5%    0.00     N/A        PERFORMING                    ORIGINATION
097            2,487,953       0        68.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
098            2,457,715       0        76.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
099            2,453,755       0        86.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
100            2,440,291       0        71.0%    0.89     N/A        PERFORMING                    ORIGINATION
101            2,414,952       0        74.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
102            2,390,155       0        71.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
103            2,370,030       0        62.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
104            2,366,484       0        73.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
105            2,313,531       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
106            2,313,435       0        79.1%    1.61     N/A        PERFORMING                    PERFORM TO MATURITY
107            2,313,435       0        71.6%    1.57     N/A        PERFORMING                    PERFORM TO MATURITY
108            2,307,072       0        74.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
109            2,188,336       0        70.6%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
110            2,180,227       0        64.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
111            2,153,848       0        78.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
112            2,135,170       0        69.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
113            2,118,952       0        72.0%    0.00     N/A        PERFORMING                    ORIGINATION
114            2,083,140       0        86.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
115            2,083,760       0        78.3%    0.00     N/A        PERFORMING                    ORIGINATION
116            2,047,527       0        76.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
117            2,042,911       0        69.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
118            1,991,275       0        74.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
119            1,963,393       0        79.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
120            1,960,601       0        75.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
121            1,918,328       0        50.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
122            1,902,095       0        67.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
123            1,886,968       0        72.4%    0.00     N/A        PERFORMING                    ORIGINATION
124            1,871,742       0        75.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
125            1,864,215       0        70.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
126            1,831,430       0        71.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
127            1,794,043       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
128            1,166,225       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
129              627,968       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
130            1,792,739       0        65.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
131            1,790,993       0        73.9%    0.00     N/A        PERFORMING                    ORIGINATION
132            1,778,427       0        75.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
</TABLE>
                                   Page - 29
<PAGE>
<TABLE>
<CAPTION>
               CURRENT
               PRINCIPAL      DAYS                      ENVIRON
ASSET NO       BALANCE       DELINQ     LTV      DSCR    ISSUES      ASSET STATUS                  RESOLUTION TYPE
<S>        <C>                <C>      <C>       <C>      <C>        <C>                           <C>
133            1,767,432       0        76.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
134            1,755,532       0        78.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
135            1,759,090       0        74.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
136            1,756,337       0        73.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
137            1,733,683       0        65.6%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
138            1,666,771       0        76.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
139            1,660,098       0        75.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
140            1,639,731       0        82.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
141            1,643,762       0         N/A     0.00     N/A        NON-MONETARY DEFAULT          PERFORM TO MATURITY
142            1,638,600       0        64.8%    0.00     N/A        PERFORMING                    ORIGINATION
143            1,635,787       0        63.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
144            1,630,451       0        74.4%    0.00     N/A        PERFORMING                    ORIGINATION
145            1,633,417       0        77.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
146            1,606,608       0        75.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
147            1,591,106       0        63.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
148            1,561,037       0        70.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
149            1,543,984       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
150            1,543,043       0        75.5%    0.00     N/A        PERFORMING                    ORIGINATION
151            1,542,743       0        77.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
152            1,517,536       0        69.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
153            1,512,023       0        68.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
154            1,489,719       0        68.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
155            1,490,105       0        58.1%    0.00     N/A        PERFORMING                    ORIGINATION
156            1,492,454       0        70.7%    1.63     N/A        PERFORMING                    PERFORM TO MATURITY
157            1,483,531       0        60.7%    0.00     N/A        PERFORMING                    ORIGINATION
158            1,462,669       0        63.6%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
159            1,450,348       0        73.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
160            1,424,103       0        68.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
161            1,396,224       0        63.5%    1.61     N/A        PERFORMING                    PERFORM TO MATURITY
162            1,402,825       0        66.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
163            1,388,639       0        69.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
164            1,343,373       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
165            1,335,811       0        77.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
166            1,291,523       0        72.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
167            1,291,457       0        76.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
168            1,227,311       0        77.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
169            1,223,538       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
170            1,192,302       0        70.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
171            1,193,233       0        76.1%    0.00     N/A        PERFORMING                    ORIGINATION
172            1,184,132       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
173            1,173,170       0        67.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
174            1,167,249       0        69.7%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
175            1,088,728       0        71.8%    1.47     N/A        PERFORMING                    PERFORM TO MATURITY
176            1,074,065       0        70.9%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
177            1,061,147       0        74.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
178            1,036,754       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
179            1,014,382       0        70.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
180            1,007,238       0        70.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
181              993,303       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
182            1,003,422       0        68.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
183              996,644       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
184              994,960       0        68.6%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
185              957,116       0        79.8%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
186              896,636       0        56.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
187              890,778       0        72.1%    1.45     N/A        PERFORMING                    PERFORM TO MATURITY
188              877,949       0        66.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
189              859,705       0        78.2%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
190              845,882       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
191              842,446       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
192              825,844       0        73.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
193              804,663       0        66.5%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
194              779,825       0        60.9%    0.00     N/A        PERFORMING                    ORIGINATION
195              777,191       0        50.1%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
196              757,137       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
197              745,603       0        73.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
198              734,076       0        52.4%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
199              720,490       0        72.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
200              712,114       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
201              666,890       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
202              657,181       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
</TABLE>
                                   Page - 30

<PAGE>
<TABLE>
<CAPTION>
               CURRENT
               PRINCIPAL      DAYS                      ENVIRON
ASSET NO       BALANCE       DELINQ     LTV      DSCR    ISSUES      ASSET STATUS                  RESOLUTION TYPE
<S>        <C>                <C>      <C>       <C>      <C>        <C>                           <C>
203              654,174       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
204              638,261       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
205              609,646       0        73.0%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
206              554,308       0         N/A     0.00     N/A        PERFORMING                    PERFORM TO MATURITY
207              539,406       0        75.3%    0.00     N/A        PERFORMING                    PERFORM TO MATURITY
           -------------     ---      ------     ----     ---        -------------------------     ------------------------------
TOTAL        757,415,518
             ===========
</TABLE>
                                   Page - 31

<PAGE>
<TABLE>
                 MIDLAND LOAN SERVICES, L.P. - Master Servicer
                  Loan Portfolio Analysis System - Loan Terms
                           PORTFOLIO: PNCMAC 1999 CM1
                          REPORTING PERIOD: June, 2000
                            DATE PRINTED: 12-Jun-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            44,840,952      10/28/99       11/1/29         353        8.580%         F             348,566
002            36,324,385      8/26/99        9/1/29          111        8.000%         F             267,824
003            32,671,264      6/25/99        7/1/29          109        7.740%         F             235,286
004            20,914,907      11/1/99        11/1/29         113        8.060%         F             154,970
005            13,517,024      8/18/99        9/1/29          111        7.430%         F              94,442
006            12,445,444      9/7/99         10/1/29         112        7.760%         F              89,638
007            12,157,205      9/29/99        10/1/29          76        8.600%         F              94,673
008            11,630,399      6/18/99        7/1/29          109        8.180%         F              87,323
009            11,361,529      10/29/99       11/1/29         113        8.310%         F              86,126
010            11,311,926      10/26/98       11/1/28         101        6.320%         F              71,332
011            10,956,971      9/30/99        10/1/29         112        8.190%         F              82,176
012            10,950,760      9/20/99        10/1/29         112        8.090%         F              81,405
013            10,197,649      8/31/98        9/1/28           99        6.700%         F              66,980
014             9,914,741      7/9/99         8/1/24          110        8.650%         F              81,536
015             9,429,867      5/19/99        6/1/29          108        7.480%         F              66,295
016             4,460,070      9/7/99         10/1/29         112        8.100%         F              33,171
017             1,751,003      9/8/99         10/1/29         112        8.700%         F              13,760
018             1,085,283      9/8/99         10/1/29         112        8.700%         F               8,528
019               853,078      9/8/99         10/1/29         112        8.700%         F               6,704
020               696,614      9/8/99         10/1/29         112        8.700%         F               5,474
021             8,470,803      7/30/98        8/1/28          338        6.890%         F              56,845
022             8,445,462      10/13/99       11/1/29         113        8.040%         F              62,460
023             7,861,896      8/9/99         9/1/29          111        7.990%         F              57,912
024             7,453,381      9/15/99        10/1/29         112        7.890%         F              54,349
025             7,156,072      8/18/99        9/1/29          111        7.430%         F              49,999
026             7,137,363      10/25/99       11/1/29         113        8.570%         F              55,410
027             7,067,521      9/21/99        10/1/29         112        7.570%         F              49,985
028             6,976,436      9/3/99         10/1/29         112        8.320%         F              52,934
029             6,863,346      7/19/99        8/1/29          110        7.980%         F              50,534
030             6,620,312      9/23/99        10/1/29         112        8.100%         F              49,260
031             6,610,557      6/25/99        7/1/29          109        7.890%         F              48,286
032             6,468,026      8/20/99        9/1/29          111        7.910%         F              47,288
033             6,434,246      6/23/98        7/1/28           97        6.860%         F              42,963
034             6,309,568      10/13/99       11/1/24         113        8.370%         F              50,577
035             6,186,111      5/20/99        6/1/24          108        7.960%         F              48,150
036             5,698,595      8/12/99        9/1/29          111        8.170%         F              42,688
037             5,678,488      1/15/98        2/1/28           92        7.190%         F              39,330
038             5,609,057      10/13/99       11/1/24         113        8.370%         F              44,962
039             5,581,336      10/15/99       11/1/29         113        8.360%         F              42,505
040             5,526,007      5/6/98         6/1/23           96        7.420%         F              41,643
041             5,419,717      10/22/99       11/1/29         113        8.380%         F              41,367
042             5,411,354      9/1/99         10/1/29         112        8.300%         F              41,000
043             5,369,702      8/3/99         9/1/29          111        7.770%         F              38,761
044             5,213,659      5/14/99        6/1/29          108        7.740%         F              37,575
045             5,128,485      10/11/99       11/1/29         113        7.940%         F              37,574
046             4,984,192      10/25/99       11/1/29         113        8.570%         F              38,694
047             4,946,697      12/15/97       1/1/28          151        7.440%         F              35,103
048             3,285,386      9/3/99         10/1/29         112        8.130%         F              24,514
049             1,635,814      8/4/99         9/1/24          111        8.130%         F              12,877
050             4,621,407      8/19/99        9/1/29          111        8.000%         F              34,091
051             4,530,389      9/8/99         10/1/29         112        8.230%         F              34,119
052             4,489,978      4/8/98         5/1/23          119        8.160%         F              35,992
053             4,472,421      9/30/99        10/1/24         112        8.560%         F              36,417
054             4,411,691      3/27/98        4/1/28           94        7.180%         F              30,485
055             4,368,071      5/21/99        6/1/29          108        7.550%         F              30,916
056             4,321,123      10/17/98       11/1/23         101        6.640%         F              30,300
057             4,264,819      4/21/99        5/1/29          107        7.760%         F              30,828
058             4,181,369      10/13/99       5/1/27          113        8.790%         F              33,806
059             4,078,415      10/5/99        11/1/24         113        8.670%         F              33,485
060             3,989,477      4/29/98        5/1/28           95        7.950%         F              29,576
061             3,977,919      6/30/99        7/1/29          109        8.160%         F              29,798
062             3,886,675      10/8/99        11/1/29         113        8.260%         F              29,327
063             3,884,278      10/20/99       11/1/29         113        8.080%         F              28,835
064             3,835,067      8/5/98         9/1/28           99        6.940%         F              25,790
</TABLE>

                                   Page - 32
<PAGE>
<TABLE>
<CAPTION>
                                                              REMAIN
                CURRENT         ORIG                          LOAN TERM               INT
                PRINCIPAL       NOTE         LOAN AMORT       IN         INT          RATE
ASSET NO        BALANCE         DATE            DATE          MONTHS     RATE         TYPE            PAYMENT
<S>         <C>                <C>            <C>             <C>        <C>            <C>           <C>
065             3,785,080      8/28/98        10/1/23         100        7.260%         F              28,034
066             3,583,768      8/11/99        9/1/29          111        8.260%         F              27,071
067             3,575,194      6/9/99         7/1/29          109        7.300%         F              24,681
068             3,434,365      8/6/99         9/1/29          111        8.240%         F              25,894
069             3,329,869      6/25/99        7/1/29          109        7.840%         F              24,208
070             3,293,592      8/12/98        9/1/28          339        6.890%         F              22,041
071             3,288,444      10/15/99       11/1/29         113        8.160%         F              24,583
072             3,285,347      9/24/99        10/1/29         112        8.120%         F              24,491
073             3,272,154      10/5/98        11/1/28         341        6.900%         F              21,866
074             3,232,966      6/10/99        7/1/29           73        8.350%         F              24,645
075             3,183,922      6/18/99        7/1/29          109        8.270%         F              24,104
076             3,177,413      8/11/99        9/1/24          291        9.130%         F              27,140
077             3,120,686      7/28/99        8/1/24          110        8.210%         F              24,752
078             3,011,780      8/23/99        10/1/27         112        8.610%         F              23,865
079             2,978,423      8/26/99        9/1/24          111        8.520%         F              24,197
080             2,976,521      8/6/99         9/1/24          111        8.070%         F              23,294
081             2,904,117      5/27/99        6/1/29          108        7.910%         F              21,279
082             2,891,210      9/2/99         10/1/24         112        8.630%         F              23,696
083             2,856,997      9/13/99        10/1/24         112        8.450%         F              23,053
084             1,292,512      10/26/99       11/1/24         113        8.880%         F              10,803
085             1,093,664      10/26/99       11/1/24         113        8.880%         F               9,141
086               397,696      10/26/99       11/1/24         113        8.880%         F               3,324
087             2,784,469      7/28/99        8/1/29          110        7.810%         F              20,176
088             2,684,649      6/24/99        7/1/29           49        8.050%         F              19,906
089               845,367      7/30/98        8/1/28           98        7.030%         F               5,739
090             1,808,692      7/30/98        8/1/28           98        7.030%         F              12,279
091             2,619,001      9/22/99        10/1/29         112        8.340%         F              19,925
092             2,539,935      7/31/98        9/1/28           99        7.050%         F              17,252
093             2,490,168      8/23/99        9/1/14          171        8.510%         F              25,155
094             2,505,439      7/9/99         8/1/19          110        8.190%         F              21,598
095             2,484,654      10/15/99       11/1/24         113        7.840%         F              19,031
096             2,490,093      9/9/99         10/1/29         112        8.140%         F              18,589
097             2,487,953      8/30/99        9/1/29          111        8.360%         F              18,975
098             2,457,715      8/19/98        9/1/28          339        6.870%         F              16,415
099             2,453,755      1/9/98         2/1/28           92        7.740%         F              17,893
100             2,440,291      9/7/99         10/1/29         112        8.140%         F              18,217
101             2,414,952      5/27/99        6/1/29          168        7.980%         F              17,811
102             2,390,155      9/3/99         10/1/29         112        8.410%         F              18,301
103             2,370,030      9/16/98        10/1/23         100        7.110%         F              17,310
104             2,366,484      7/21/99        8/1/29          110        8.060%         F              17,563
105             2,313,531      10/13/99       11/1/24         113        8.530%         F              18,792
106             2,313,435      8/16/99        9/1/29          111        8.240%         F              17,451
107             2,313,435      8/6/99         9/1/29          111        8.240%         F              17,451
108             2,307,072      8/20/99        9/1/24          111        8.150%         F              18,176
109             2,188,336      9/24/99        10/1/24         112        9.280%         F              18,886
110             2,180,227      7/21/99        8/1/24          110        7.890%         F              16,820
111             2,153,848      6/16/99        7/1/29          109        8.100%         F              16,045
112             2,135,170      10/28/99       11/1/24         113        7.950%         F              16,523
113             2,118,952      9/3/99         10/1/29         112        8.280%         F              16,032
114             2,083,140      9/17/99        10/1/26         235        8.140%         F              15,989
115             2,083,760      10/4/99        11/1/29         113        8.170%         F              15,599
116             2,047,527      8/14/98        9/1/23           99        6.880%         F              14,682
117             2,042,911      6/4/98         7/1/23           97        7.980%         F              16,103
118             1,991,275      8/24/99        9/1/29          111        8.390%         F              15,223
119             1,963,393      9/10/99        10/1/29         112        7.760%         F              14,141
120             1,960,601      1/8/98         2/1/28           33        7.610%         F              14,135
121             1,918,328      9/10/99        5/1/25          112        8.120%         F              14,294
122             1,902,095      8/11/98        9/1/23           99        6.980%         F              13,757
123             1,886,968      10/1/99        10/1/24         113        7.980%         F              14,639
124             1,871,742      9/30/99        10/1/29         112        8.160%         F              14,005
125             1,864,215      7/12/99        8/1/24          110        7.850%         F              14,347
126             1,831,430      6/4/99         7/1/24          109        7.750%         F              13,989
127             1,794,043      10/13/99       11/1/29         113        8.820%         F              14,251
128             1,166,225      10/11/99       11/1/29         113        8.490%         F               8,988
129               627,968      10/11/99       11/1/29         113        8.490%         F               4,840
130             1,792,739      9/29/99        10/1/29         112        8.470%         F              13,802
131             1,790,993      8/23/99        9/1/29          111        7.840%         F              13,008
132             1,778,427      5/28/99        6/1/24          108        7.880%         F              13,750
133             1,767,432      6/26/98        7/1/28          337        6.940%         F              11,903
</TABLE>

                                   Page - 33
<PAGE>
<TABLE>
<CAPTION>
                                                              REMAIN
                CURRENT         ORIG                          LOAN TERM               INT
                PRINCIPAL       NOTE         LOAN AMORT       IN         INT          RATE
ASSET NO        BALANCE         DATE            DATE          MONTHS     RATE         TYPE            PAYMENT
<S>         <C>                <C>            <C>             <C>        <C>            <C>           <C>
134             1,755,532      9/4/98         10/1/23         100        6.900%         F              12,607
135             1,759,090      7/13/99        8/1/24          110        8.330%         F              14,080
136             1,756,337      5/26/99        6/1/29          108        7.900%         F              12,857
137             1,733,683      7/14/99        8/1/24          110        8.200%         F              13,739
138             1,666,771      7/21/99        8/1/29          110        8.280%         F              12,619
139             1,660,098      7/22/98        8/1/23          158        7.510%         F              12,574
140             1,639,731      9/28/99        10/1/19         232        7.890%         F              13,763
141             1,643,762      9/23/99        10/1/29         112        8.320%         F              12,477
142             1,638,600      9/8/99         10/1/24         112        8.550%         F              13,342
143             1,635,787      8/4/99         9/1/24          111        8.120%         F              12,866
144             1,630,451      10/5/99        11/1/24         113        8.130%         F              12,799
145             1,633,417      9/10/99        10/1/29         112        8.090%         F              12,137
146             1,606,608      9/10/99        10/1/29         112        8.140%         F              11,993
147             1,591,106      7/6/99         8/1/29          110        8.140%         F              11,897
148             1,561,037      6/3/99         7/1/24          109        8.450%         F              12,629
149             1,543,984      9/21/99        10/1/29         112        8.220%         F              11,612
150             1,543,043      9/22/99        10/1/29         112        8.080%         F              11,460
151             1,542,743      8/13/99        9/1/29          111        8.110%         F              11,492
152             1,517,536      8/23/99        9/1/09          111        8.300%         F              12,107
153             1,512,023      8/3/98         9/1/23           99        7.270%         F              11,223
154             1,489,719      9/20/99        10/1/24         112        8.590%         F              12,170
155             1,490,105      9/10/99        10/1/24         112        8.180%         F              11,757
156             1,492,454      7/21/99        8/1/29          110        8.190%         F              11,206
157             1,483,531      9/8/99         10/1/19         112        8.300%         F              12,828
158             1,462,669      8/20/98        9/1/23          279        7.180%         F              10,775
159             1,450,348      5/25/99        6/1/29          108        8.200%         F              10,917
160             1,424,103      6/21/99        7/1/19          169        8.030%         F              12,155
161             1,396,224      10/20/98       11/1/18         221        6.950%         F              11,198
162             1,402,825      6/3/99         7/1/24          109        8.400%         F              11,303
163             1,388,639      8/13/99        9/1/24          111        8.430%         F              11,207
164             1,343,373      8/30/99        9/1/29          111        8.290%         F              10,180
165             1,335,811      7/15/99        8/1/29          110        7.950%         F               9,808
166             1,291,523      9/21/99        10/1/24         112        8.240%         F              10,241
167             1,291,457      9/27/99        10/1/24         112        8.200%         F              10,206
168             1,227,311      10/8/98        11/1/23         101        7.270%         F               9,087
169             1,223,538      10/22/99       11/1/29         113        9.010%         F               9,882
170             1,192,302      8/2/99         9/1/24          111        8.460%         F               9,646
171             1,193,233      8/18/99        9/1/29          171        7.750%         F               8,597
172             1,184,132      10/13/99       11/1/29         113        8.770%         F               9,361
173             1,173,170      9/10/98        10/1/23         280        7.470%         F               8,844
174             1,167,249      10/1/99        11/1/24         113        8.400%         F               9,372
175             1,088,728      5/28/99        6/1/24          108        8.280%         F               8,695
176             1,074,065      8/19/98        9/1/23           99        7.220%         F               7,930
177             1,061,147      5/17/99        6/1/09          108        8.310%         F               8,069
178             1,036,754      10/8/99        11/1/29         113        8.620%         F               8,085
179             1,014,382      10/28/98       11/1/28          41        7.180%         F               6,971
180             1,007,238      8/2/99         9/1/29          111        8.090%         F               7,489
181               993,303      9/14/99        10/1/14         172        8.660%         F              10,091
182             1,003,422      10/5/99        11/1/29         113        8.100%         F               7,459
183               996,644      10/18/99       11/1/29         113        8.770%         F               7,881
184               994,960      8/5/99         9/1/29          111        8.190%         F               7,471
185               957,116      10/14/99       11/1/29         113        8.770%         F               7,566
186               896,636      10/15/99       11/1/29         113        8.370%         F               6,837
187               890,778      6/2/99         6/1/24          108        8.280%         F               7,114
188               877,949      8/3/98         9/1/23           99        7.270%         F               6,517
189               859,705      9/17/98        10/1/23         280        7.010%         F               6,225
190               845,882      8/25/99        9/1/29          111        8.340%         F               6,440
191               842,446      5/12/99        6/1/24          108        9.000%         F               7,133
192               825,844      7/8/99         8/1/29          110        8.520%         F               6,394
193               804,663      8/11/98        9/1/23           99        6.960%         F               5,810
194               779,825      8/26/99        9/1/14          171        8.250%         F               7,761
</TABLE>
                                   Page - 34

<PAGE>
<TABLE>
<CAPTION>
                                                              REMAIN
                CURRENT         ORIG                          LOAN TERM               INT
                PRINCIPAL       NOTE         LOAN AMORT       IN         INT          RATE
ASSET NO        BALANCE         DATE            DATE          MONTHS     RATE         TYPE            PAYMENT
<S>         <C>                <C>            <C>             <C>        <C>            <C>           <C>
195               777,191      10/15/99       11/1/29         113        8.510%         F               6,003
196               757,137      9/28/99        10/1/29         112        8.710%         F               5,957
197               745,603      7/26/99        8/1/09          110        7.940%         F               5,472
198               734,076      9/22/99        10/1/14         112        8.730%         F               7,487
199               720,490      10/6/99        11/1/24         113        8.490%         F               5,833
200               712,114      9/13/99        10/1/24         112        8.860%         F               5,942
201               666,890      8/12/99        9/1/29          111        8.500%         F               5,152
202               657,181      10/29/99       11/1/19         113        8.890%         F               5,918
203               654,174      10/7/99        11/1/29          77        9.060%         F               5,307
204               638,261      10/18/99       11/1/29         113        9.150%         F               5,219
205               609,646      8/11/98        9/1/23           99        6.980%         F               4,409
206               554,308      9/28/99        10/1/19         112        8.850%         F               4,985
207               539,406      8/2/99         9/1/24          111        8.510%         F               4,382
---         -------------      ----------     ----------     ----     --------          -----     -----------
TOTAL         757,415,518
              ===========
</TABLE>
                                   Page - 35
<PAGE>
<TABLE>
                 MIDLAND LOAN SERVICES, L.P. - Master Servicer
             Loan Portfolio Analysis System - Property Description
                           PORTFOLIO: PNCMAC 1999 CM1
                          REPORTING PERIOD: June, 2000
                            DATE PRINTED: 12-Jun-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>
001      1   Retail             SARASOTA SPRINGS   NY   12866   1990     N/A      540,022          N/A   N/A        N/A
002      1   Retail             LANSING            MI   48912   1950     N/A      450,597          N/A   N/A        N/A
003      1   Multifamily        ALEXANDRIA         VA   22312   1965     307      289,635    9,800,000   06/13/99   MAI APPRAISAL
003      2   Multifamily        ATLANTA            GA   30349   1988     216      192,072          N/A   N/A        N/A
003      3   Multifamily        WALDORF            MD   20601   1974     143      130,386          N/A   N/A        N/A
004      1   Office             PALO ALTO          CA   94302   1983      12       70,816   35,000,000   08/17/99   APPRAISAL
005      1   Multifamily        OKLAHOMA CITY      OK   73112   1984     498      363,073   17,500,000   07/10/99   MAI APPRAISAL
006      1   Multifamily        TULSA              OK   74145   1973     467          N/A          N/A   N/A        N/A
007      1   Office             MEMPHIS            TN   38112   1984       2      127,333   16,500,000   03/30/99   MAI APPRAISAL
008      1   Industrial         BOSTON             MA   02118   1900     N/A      155,902   16,331,000   05/27/99   UNDERWRITERS
009      1   Multifamily        NEW YORK           NY   10019   1925      39       46,053          N/A   N/A        N/A
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 TOWNSHIP    PA    1980            N/A          N/A    4,700,000   08/14/98   MAI APPRAISAL
011      1   Multifamily        LAUDERHILL         FL   33313   1988     405      387,673          N/A   N/A        N/A
012      1   Retail             JENSEN BEACH       FL   34994   1998       5       99,805          N/A   N/A        N/A
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     109      119,973    5,670,000   07/13/99   UNDERWRITERS
017      1   Retail             NORTH LITTLE       AR   72116   1984      26       39,900    2,450,000   07/08/99   UNDERWRITERS
018      1   Retail             NORTH LITTLE       AR   72116   1986     N/A       30,400    1,640,000   06/12/99   UNDERWRITERS
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   1987     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
022      1   Retail             WASHINGTON         MI   48094   1998     N/A          N/A          N/A   N/A        N/A
023      1   Office             SAN DIEGO          CA   92130   1985     N/A       67,132   11,663,000   08/06/99   UNDERWRITERS
024      1   Retail             BURBANK            CA   91505   1946     N/A       39,967   10,250,000   04/30/99   MAI APPRAISAL
025      1   Multifamily        OKLAHOMA CITY      OK   73112   1985     262          N/A    9,300,000   07/10/99   MAI APPRAISAL
026      1   Multifamily        DALLAS             TX   75220   1979     208      159,156          N/A   N/A        N/A
027      1   Multifamily        ORLANDO            FL   32812   1973     232      157,116    9,054,000   07/23/99   UNDERWRITERS
028      1   Retail             SELMA              CA   93662   1999     N/A       77,383    8,855,000   05/19/99   MAI APPRAISAL
029      1   Office             HOLMDEL            NJ   07733   1990     N/A      120,160    9,290,000   07/19/99   UNDERWRITERS
030      1   Multifamily        WACO               TX   76710   1978     327      218,600    9,590,000   07/27/99   MAI APPRAISAL
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
034      1   Lodging            BROOKFIELD         WI   53005   1997     N/A       49,864    9,200,000   07/01/99   MAI APPRAISAL
035      1   Retail             PITTSFIELD         MA   01201   1970       6      127,594    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
038      1   Lodging            EDEN PRAIRIE       MN   55344   1997     103       46,335    8,600,000   07/01/99   MAI APPRAISAL
039      1   Retail             OMAHA              NE   68137   1990     N/A       90,420    7,000,000   05/26/99   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    7,216,000   08/18/99   UNDERWRITERS
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
045      1   Multifamily        ANDERSON           IN   46011   1970     168      152,170    6,560,000   09/07/99   MAI APPRAISAL
046      1   Multifamily        KILLEEN            TX   76543   1974     200      152,000          N/A   N/A        N/A
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
053      1   Office             NEWARK             NJ   07105   1930       1      303,711    6,400,000   06/14/99   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   1979     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
058      1   Retail             NORWALK            CT   06851   1974     N/A       44,247    6,850,000   04/01/99   MAI APPRAISAL
059      1   Lodging            THORNTON           CO   80233   1984     135          N/A    8,275,000   08/01/99   MAI APPRAISAL
060      1   Multifamily        CAPE CANAVERAL     FL   32920   1966     216      158,160    5,300,000   03/31/98   MAI APPRAISAL
</TABLE>
                                   Page - 36
<PAGE>
<TABLE>
<CAPTION>
ASSET   PROP                                                    YEAR                         PROPERTY    VALUATION  VALUATION
 NO     NO   PROPERTY TYPE      CITY             STATE   ZIP    BUILT    UNITS      NET SF     VALUE        DATE       SOURCE
<S>     <C>  <C>                <C>                <C>  <C>     <C>      <C>      <C>       <C>          <C>        <C>
061      1   Multifamily        DALLAS             TX   75243   1969     158      131,570    5,050,000   06/04/99   MAI APPRAISAL
062      1   Office             LOS ANGELES        CA   91307   1981     N/A       52,658          N/A   N/A        N/A
063      1   Office             MIAMI              FL   33172   1983      18       57,244    5,200,000   09/01/99   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
071      1   Office             ST HELENA          CA   94574   1912     N/A       23,726    4,800,000   07/26/99   MAI APPRAISAL
072      1   Industrial         MILWAUKEE          MI   48604   1996     N/A       92,052    4,200,000   07/07/99   MAI APPRAISAL
073      1   Retail             BOWLING GREEN      OH   43402   1970     N/A       91,325    4,150,000   06/09/98   MAI APPRAISAL
074      1   Multifamily        BEDFORD            TX   76022   1969     136      119,046    4,450,000   04/21/99   MAI APPRAISAL
075      1   Retail             OCEANSIDE          CA   92054   1980     N/A       35,368    4,355,000   05/14/99   UNDERWRITERS
076      1   Office             WILLIAMSPORT       PA   17701   1934     N/A       90,258    4,500,000   06/01/99   APPRAISAL
076      2   Office             WILLIAMSPORT       PA   17701   1934     N/A          N/A          N/A   N/A        N/A
076      3   Office             WILLIAMSPORT       PA   17701   1934     N/A          N/A          N/A   N/A        N/A
076      4   Office             WILLIAMSPORT       PA   17701   1934     N/A          N/A          N/A   N/A        N/A
076      5   Office             WILLIAMSPORT       PA   17701   1934     N/A          N/A          N/A   N/A        N/A
077      1   Retail             WATERFORD          CT   06385   1986     N/A       20,531    4,200,000   06/22/99   MAI APPRAISAL
078      1   Office             CERRITOS           CA   90701   1972      34       78,614    4,430,000   04/08/99   MAI APPRAISAL
079      1   Retail             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
083      1   Retail             ATLANTA            GA   30306   1920     N/A          N/A          N/A   N/A        N/A
083      2   Retail             ATLANTA            GA   30306   1927     N/A          N/A          N/A   N/A        N/A
083      3   Retail             ATLANTA            GA   30306   1960     N/A          N/A          N/A   N/A        N/A
083      4   Retail             ATLANTA            GA   30306   1940     N/A          N/A          N/A   N/A        N/A
084      1   Self Storage       PALM BAY           FL   32909   1986     393       34,813          N/A   N/A        N/A
084      2   Self Storage       MELBOURNE          FL   32904   N/A      N/A          N/A          N/A   N/A        N/A
084      3   Self Storage       BRADENTON          FL   34207   N/A      N/A          N/A          N/A   N/A        N/A
085      1   Self Storage       BRADENTON          FL   34207   1986     485       35,684    1,900,000   08/26/99   MAI APPRAISAL
085      2   Self Storage       MELBOURNE          FL   32904   N/A      N/A          N/A          N/A   N/A        N/A
085      3   Self Storage       PALM BAY           FL   32909   N/A      N/A          N/A          N/A   N/A        N/A
086      1   Self Storage       MELBOURNE          FL   32904   1979     214       21,630          N/A   N/A        N/A
086      2   Self Storage       PALM BAY           FL   32909   N/A      N/A          N/A          N/A   N/A        N/A
086      3   Self Storage       BRADENTON          FL   34207   N/A      N/A          N/A          N/A   N/A        N/A
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     201          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
091      1   Retail             WOODBRIDGE         VA   22192   1988      11       27,977    3,600,000   07/08/99   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    4,000,000   07/01/99   MAI APPRAISAL
094      1   Industrial         NORTHBOROUGH       MA   01532   1984     N/A       61,280    3,370,000   06/04/99   UNDERWRITERS
095      1   Retail             SAN LEANDRO        CA   94579   1986       1       49,050    4,210,000   07/22/99   MAI APPRAISAL
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   1973      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
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   1960     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
105      1   Office             HAMPTON            VA   23666   1968     N/A       59,125          N/A   N/A        N/A
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
114      1   Retail             ATLANTA            GA   30319   1998       1       10,125    2,400,000   06/04/99   MAI APPRAISAL
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    2,477,000   08/10/99   UNDERWRITERS
120      1   Multifamily        LAWRENCE           KS   66047   1982      38       47,258    2,599,000   09/02/99   UNDERWRITERS
</TABLE>
                                   Page - 37
<PAGE>
<TABLE>
<CAPTION>
ASSET   PROP                                                    YEAR                         PROPERTY    VALUATION  VALUATION
 NO     NO   PROPERTY TYPE      CITY             STATE   ZIP    BUILT    UNITS      NET SF     VALUE        DATE       SOURCE
<S>     <C>  <C>                <C>                <C>  <C>     <C>      <C>      <C>       <C>          <C>        <C>
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
127      1   Retail             WHITE BEAR LAKE    MN   55402   1974     N/A       54,165          N/A   N/A        N/A
128      1   Manufactured       MORAVIA            NY   13118   1970     N/A          N/A          N/A   N/A        N/A
128      2   Manufactured       ERIN               NY    --     1970     N/A          N/A          N/A   N/A        N/A
129      1   Manufactured       ERIN               NY    --     1970     149          N/A          N/A   N/A        N/A
129      2   Manufactured       ERIN               NY    --     1970     N/A          N/A          N/A   N/A        N/A
130      1   Retail             TUCSON             AZ   85704   1998     N/A       16,650    2,750,000   07/23/99   MAI APPRAISAL
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 STATION    TX   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
141      1   Office             INDIANAPOLIS       IN   46219   1986      10       45,200          N/A   N/A        N/A
142      1   Retail             EAGLE-VAIL         CO   81620   1975     N/A       14,350    2,530,000   07/01/99   MAI APPRAISAL
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
149      1   Multifamily        SAN FRANCISCO      CA   94123   1920      27       11,740          N/A   N/A        N/A
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    2,110,000   06/11/99   UNDERWRITERS
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    2,000,000   06/28/99   MAI APPRAISAL
164      1   Multifamily        STOCKTON           CA   95207   1984      28       46,110          N/A   N/A        N/A
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
167      1   Multifamily        MONROE             LA   71203   1974      81       70,005    1,700,000   08/21/99   MAI APPRAISAL
168      1   Multifamily        LAWRENCE           KS   66046   1961      64       46,900    1,575,000   08/04/98   MAI APPRAISAL
169      1   Office             HOUSTON            TX   77057   1975      19       37,050          N/A   N/A        N/A
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    1,568,000   07/08/99   UNDERWRITERS
172      1   Retail             HIGHLANDS RANCH    CO   80126   1998       2       11,042          N/A   N/A        N/A
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
178      1   Multifamily        AUSTIN             TX   78704   1974      32       26,417          N/A   N/A        N/A
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
181      1   Retail             LOS ANGELES        CA   90036   1946       9       13,764          N/A   N/A        N/A
182      1   Multifamily        AUSTIN             TX   78705   1984      16       14,000    1,470,000   09/02/99   MAI APPRAISAL
183      1   Multifamily        LAWRENCE           KS   66044   1984      40       34,040          N/A   N/A        N/A
184      1   Multifamily        PHOENIX            AZ   85008   1985      32       25,344    1,451,000   08/04/99   UNDERWRITERS
185      1   Multifamily        COLUMBUS           OH   43224   1948      68       33,184    1,200,000   08/26/99   MAI APPRAISAL
186      1   Manufactured       FRESNO             CA   93722   1963     112          N/A    1,600,000   08/16/99   MAI APPRAISAL
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
190      1   Multifamily        NEW LONDON         CT   06320   1920      31       23,600          N/A   N/A        N/A
191      1   Office             RIVERDALE          CA   93656   1997       2        9,400          N/A   N/A        N/A
</TABLE>
                                   Page - 38
<PAGE>
<TABLE>
<CAPTION>
ASSET   PROP                                                    YEAR                         PROPERTY    VALUATION  VALUATION
 NO     NO   PROPERTY TYPE      CITY             STATE   ZIP    BUILT    UNITS      NET SF     VALUE        DATE       SOURCE
<S>     <C>  <C>                <C>                <C>  <C>     <C>      <C>      <C>       <C>          <C>        <C>
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
194      1   Self Storage       EL PASO            TX   79912   1993     359       50,560    1,280,000   07/23/99   UNDERWRITERS
195      1   Multifamily        HUNTINGTON BEACH   CA   92648   1973      17       15,776    1,550,000   08/20/99   MAI APPRAISAL
196      1   Office             NORCROSS           GA   30071   1981      12       15,106          N/A   N/A        N/A
197      1   Multifamily        ARLINGTON          TX   76011   1986      32       31,478    1,016,000   06/25/99   UNDERWRITERS
198      1   Industrial         LITTLE FALLS       NJ   07424   1950       1       27,056    1,400,000   08/17/99   MAI APPRAISAL
199      1   Self Storage       SPRING             TX   77379   1994     187          N/A    1,001,000   10/05/99   UNDERWRITERS
200      1   Office             ALLENTOWN          PA   18103   1969       1          N/A          N/A   N/A        N/A
201      1   Multifamily        CARO               MI   48723   1972      34       23,280          N/A   N/A        N/A
202      1   Multifamily        HUDSON             NH   03051   1968      24       15,387          N/A   N/A        N/A
203      1   Multifamily        AUSTIN             TX   78752   1969      30       18,704          N/A   N/A        N/A
204      1   Office             QUEENS VILLAGE     NY   12801   1931       6        8,075          N/A   N/A        N/A
205      1   Multifamily        WEST NONROE        LA   71291   1971      40          N/A      835,000   07/08/98   MAI APPRAISAL
206      1   Self Storage       HOUSTON            TX   77055   1971     151       39,240          N/A   N/A        N/A
206      2   Self Storage       HOUSTON            TX   77055   1971     152       23,700          N/A   N/A        N/A
207      1   Self Storage       RED BLUFF          CA   96080   1975     214          N/A      716,000   07/30/99   UNDERWRITERS
</TABLE>

                                   Page - 39
<PAGE>
<TABLE>
                 MIDLAND LOAN SERVICES, L.P. - Master Servicer
             Loan Portfolio Analysis System - Property Performance
                           PORTFOLIO: PNCMAC 1999 CM1
                          REPORTING PERIOD: June, 2000
                            DATE PRINTED: 12-Jun-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>
001        1    5,053,071   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 82.6%   2/28/00
002        1    2,884,958   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 97.0%   3/15/00
003        1    1,525,660   3/1/99     BORROWER                 889,425   7/1/99     12/31/99   BORROWER            96.4%  12/31/99
003        2      971,498   3/1/99     BORROWER                 507,176   7/1/99     12/31/99   BORROWER            91.7%  12/31/99
003        3      753,811   3/1/99     BORROWER                 389,992   7/1/99     12/31/99   BORROWER            92.4%  12/31/99
004        1    1,778,892   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   2/29/00
005        1    1,727,545   N/A        UNDERWRITER              798,173   7/22/99    12/31/99   BORROWER            96.5%  12/22/99
006        1    1,375,969   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 90.8%   2/25/00
007        1    1,720,275   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/31/99
008        1    1,291,010   12/31/99   BORROWER CONTACT         448,492   1/1/00     3/31/00    BORROWER            96.0%   3/31/00
009        1      510,345   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 82.0%  12/31/99
010        1      331,338   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 95.0%   2/16/00
010        2      196,130   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 86.4%   2/16/00
010        3      484,467   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 99.4%   2/16/00
010        4      436,767   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 96.5%   2/16/00
011        1          N/A   N/A        N/A                       46,351   10/1/99    12/31/99   BORROWER            94.0%   7/25/99
012        1    1,004,499   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 91.2%    2/4/00
013        1    1,397,364   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 95.0%  12/22/99
014        1    2,061,671   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 86.0%   7/31/99
015        1      975,207   N/A        UNDERWRITER              679,158   5/19/99    12/31/99   BORROWER            91.9%  12/31/99
016        1      530,850   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 97.0%    2/3/00
017        1      305,221   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 92.0%   3/14/00
018        1      205,835   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   2/28/00
019        1      142,244   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   2/28/00
020        1      118,734   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   2/28/00
020        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
021        1    1,000,213   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 97.9%  12/31/99
022        1          N/A   N/A        N/A                      229,526   10/1/99    12/31/99   BORROWER            99.0%   1/31/00
023        1    1,177,785   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  10/25/99
024        1          N/A   N/A        N/A                      367,645   9/1/99     12/31/99   BORROWER           100.0%    1/1/00
025        1      924,217   N/A        UNDERWRITER              418,738   7/22/99    12/31/99   BORROWER            96.6%  12/22/99
026        1          N/A   N/A        N/A                      140,183   11/1/99    12/31/99   BORROWER            79.8%  12/31/99
027        1      822,355   N/A        UNDERWRITER              257,857   9/21/99    12/31/99   BORROWER            94.8%  12/31/99
028        1          N/A   N/A        N/A                      186,056   10/1/99    12/31/99   BORROWER            96.0%    1/6/00
029        1      529,909   N/A        UNDERWRITER              452,588   7/1/99     12/31/99   BORROWER            92.4%   1/31/00
030        1          N/A   N/A        N/A                      188,897   9/24/99    12/31/99   BORROWER            88.4%  12/31/99
031        1      738,288   N/A        UNDERWRITER              410,479   7/1/99     12/31/99   BORROWER            92.7%  12/31/99
032        1      744,058   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%   8/10/99
033        1      732,472   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 90.5%  12/22/99
034        1    1,029,802   12/31/99   BORROWER                 205,722   1/1/00     3/31/00    BORROWER            72.1%   3/31/00
035        1      643,813   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   5/16/00
036        1      690,437   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 95.1%   8/10/99
037        1      749,339   12/31/99   BORROWER                 631,351   7/1/99     6/30/99    UNDERWRITER         93.0%  12/22/99
038        1    1,010,316   12/31/99   BORROWER                 206,369   1/1/00     3/31/00    BORROWER            82.1%   3/31/00
039        1      664,553   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 98.6%   2/29/00
040        1      856,412   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 93.6%   11/1/99
041        1      843,267   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   1/25/00
042        1      639,702   N/A        UNDERWRITER              275,636   9/1/99     12/31/99   BORROWER           100.0%    5/8/00
043        1      656,850   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/31/99
044        1      449,734   12/31/99   BORROWER                 107,327   5/12/99    6/30/99    BORROWER           100.0%  12/31/99
045        1      511,280   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 97.0%   3/31/00
</TABLE>

                                   Page - 40
<PAGE>
<TABLE>
<CAPTION>
                BASELINE OR                                                YTD        YTD
 ASSET     PROP MOST RECENT   NOI                            MOST RECENT  PERIOD     PERIOD                       PERCENT
  NO       NO   ANNUAL NOI   AS OF     NOI SOURCE              YTD NOI    BEGIN      ENDING     YTD NOI SOURCE    OCCUPIED   AS OF
<S>        <C> <C>          <C>        <C>                   <C>          <C>        <C>        <C>                <C>     <C>
046        1      561,458   12/31/98   BORROWER                 116,631   11/1/99    12/31/99   BORROWER            80.0%  12/31/99
047        1      690,662   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 93.0%  12/31/99
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              292,125   8/20/99    12/31/99   BORROWER           100.0%    5/1/00
051        1      672,989   N/A        UNDERWRITER              233,520   10/1/99    12/31/99   BORROWER            98.0%   12/1/99
052        1      709,474   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/31/99
053        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                100.0%    1/4/00
054        1      471,653   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 98.5%  12/31/99
055        1      417,054   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   12/1/99
056        1      580,438   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/31/99
057        1      448,056   12/31/99   BORROWER                 131,735   5/1/99     7/31/99    BORROWER           100.0%    1/1/00
058        1      450,860   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   1/31/00
059        1      620,565   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 76.4%  12/31/99
060        1      519,008   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 89.4%  12/31/99
061        1          N/A   N/A        N/A                      434,843   6/30/99    12/31/99   BORROWER            97.0%  12/31/99
062        1      370,858   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%    5/1/00
063        1          N/A   N/A        N/A                      126,324   10/1/99    12/31/99   BORROWER            84.0%  12/31/99
064        1      689,017   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 98.0%  12/31/99
065        1      737,171   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 78.5%  12/31/99
066        1      434,479   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%    5/1/00
067        1      396,359   N/A        UNDERWRITER              280,082   7/1/99     12/31/99   BORROWER            96.7%  12/31/99
068        1      386,171   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/23/99
069        1      389,297   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 99.2%  12/31/99
070        1      562,679   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   9/30/99
071        1      475,603   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%    9/1/99
072        1      418,468   N/A        UNDERWRITER               77,312   9/30/99    12/31/99   BORROWER           100.0%    3/7/00
073        1      317,357   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%    9/3/99
074        1      405,242   12/25/99   BORROWER                 264,025   1/1/99     7/25/99    BORROWER            81.0%  12/25/99
075        1      452,866   N/A        UNDERWRITER              230,248   7/1/99     12/31/99   BORROWER            92.8%    1/1/00
076        1          N/A   N/A        N/A                      164,273   9/1/99     12/31/99   BORROWER           100.0%  12/31/99
076        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
076        3          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
076        4          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
076        5          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
077        1      301,491   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   2/18/00
078        1      450,930   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%    1/1/00
079        1      411,860   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 84.0%    4/4/00
080        1      444,400   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/31/99
081        1      235,916   N/A        UNDERWRITER              253,634   5/1/99     12/31/99   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
083        1          N/A   N/A        N/A                       80,307   10/1/99    12/31/99   BORROWER            97.0%  12/31/99
083        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
083        3          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
083        4          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
084        1      181,679   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%    2/7/00
084        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
084        3          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
085        1      141,770   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%    2/7/00
085        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
085        3          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
086        1       76,756   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 96.0%    2/7/00
086        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
086        3          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
087        1      381,876   N/A        UNDERWRITER              108,489   10/1/99    12/31/99   BORROWER            96.5%  12/31/99
088        1      348,898   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 99.0%  12/31/99
</TABLE>

                                   Page - 41
<PAGE>
<TABLE>
<CAPTION>
                BASELINE OR                                                YTD        YTD
 ASSET     PROP MOST RECENT   NOI                            MOST RECENT  PERIOD     PERIOD                       PERCENT
  NO       NO   ANNUAL NOI   AS OF     NOI SOURCE              YTD NOI    BEGIN      ENDING     YTD NOI SOURCE    OCCUPIED   AS OF
<S>        <C> <C>          <C>        <C>                   <C>          <C>        <C>        <C>                <C>     <C>
089        1      119,763   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/22/99
090        1      232,089   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 92.4%  12/22/99
091        1          N/A   N/A        N/A                      115,737   10/1/99    12/31/99   BORROWER           100.0%  12/31/99
092        1      272,169   12/31/99   ASSET MANAGEMENT             N/A   N/A        N/A        N/A                 99.0%    2/2/00
093        1      313,204   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   8/12/99
094        1      414,992   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/31/99
095        1          N/A   N/A        N/A                      216,198   4/1/99     12/31/99   BORROWER           100.0%   2/20/00
096        1      301,186   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 79.0%   1/27/00
097        1      345,144   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 88.9%    2/1/00
098        1      258,326   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   1/31/00
099        1      275,533   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 93.4%    1/1/00
100        1      294,327   N/A        UNDERWRITER              146,066   4/1/99     12/31/99   BORROWER            89.0%    3/7/00
101        1      298,869   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 96.0%    3/1/00
102        1      254,043   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 97.0%   2/29/00
103        1      426,570   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 95.0%   4/30/00
104        1      300,109   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%    1/1/00
105        1          N/A   N/A        N/A                       11,540   12/1/99    12/31/99   BORROWER             N/A        N/A
106        1       89,712   N/A        UNDERWRITER              141,109   8/1/99     12/31/99   BORROWER            94.0%   3/14/00
107        1      277,217   N/A        UNDERWRITER              164,823   7/1/99     12/31/99   BORROWER           100.0%  12/31/99
108        1      354,542   N/A        UNDERWRITER              219,187   6/1/99     12/31/99   BORROWER            99.6%   1/31/00
109        1      594,196   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 78.0%    6/8/99
110        1      481,627   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%    3/1/00
111        1      177,338   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 84.0%  12/31/99
112        1      339,922   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 96.0%  12/20/99
113        1      243,361   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   4/21/00
114        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
115        1      237,701   N/A        UNDERWRITER              182,709   4/1/99     12/31/99   BORROWER           100.0%   2/16/00
116        1      265,258   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 96.0%   12/1/99
117        1      284,877   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 91.0%  12/31/99
118        1      281,798   N/A        UNDERWRITER               99,782   12/1/98    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      261,931   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   3/23/00
121        1      244,103   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 92.0%  12/22/99
122        1      178,514   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 81.6%  12/31/99
123        1      278,293   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%    1/1/00
124        1      214,981   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   1/31/00
125        1      224,404   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 98.0%  12/31/99
126        1      238,539   N/A        UNDERWRITER               96,785   3/1/99     12/31/99   BORROWER           100.0%  12/31/99
127        1      333,929   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 97.2%  12/31/99
128        1       96,870   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 89.7%   3/28/00
128        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
129        1       59,643   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 97.3%   3/28/00
129        2          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
130        1          N/A   N/A        N/A                       66,894   7/1/99     12/31/99   BORROWER           100.0%  12/31/99
131        1      206,869   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   8/25/99
132        1      181,687   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 93.0%  12/31/99
133        1      232,626   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 95.8%   4/24/00
134        1      261,563   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 93.0%  12/31/99
135        1      330,285   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 99.0%   6/22/99
136        1      204,359   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/31/99
137        1      290,197   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 86.4%    1/1/00
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
141        1      210,980   12/31/99   ASSET MANAGEMENT             N/A   N/A        N/A        N/A                100.0%  12/31/99
142        1      210,356   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%    1/1/00
</TABLE>

                                   Page - 42
<PAGE>
<TABLE>
<CAPTION>
                BASELINE OR                                                YTD        YTD
 ASSET     PROP MOST RECENT   NOI                            MOST RECENT  PERIOD     PERIOD                       PERCENT
  NO       NO   ANNUAL NOI   AS OF     NOI SOURCE              YTD NOI    BEGIN      ENDING     YTD NOI SOURCE    OCCUPIED   AS OF
<S>        <C> <C>          <C>        <C>                   <C>          <C>        <C>        <C>                <C>     <C>
143        1      260,455   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 95.0%   7/26/99
144        1      211,296   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 78.8%  12/31/99
145        1      237,234   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                 98.4%  12/31/99
146        1       97,018   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 94.0%  12/31/99
147        1      195,846   N/A        UNDERWRITER               86,264   7/1/99     12/31/99   BORROWER           100.0%   6/29/99
148        1      252,568   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/31/99
149        1      253,811   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                  N/A        N/A
150        1      128,197   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/31/99
151        1      204,610   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/23/99
152        1      243,349   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 93.9%   3/31/00
153        1      264,698   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 94.2%  12/31/99
154        1       82,181   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 85.0%  12/31/99
155        1      267,366   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/31/99
156        1      216,625   N/A        UNDERWRITER               99,174   8/1/99     12/31/99   BORROWER           100.0%   9/30/99
157        1      170,156   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 98.0%  12/31/99
158        1      220,680   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   3/15/00
159        1      125,194   N/A        UNDERWRITER              123,828   4/1/99     12/31/99   BORROWER           100.0%  12/31/99
160        1      210,280   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 84.3%   9/30/99
161        1      234,654   12/31/99   BORROWER                  57,879   1/1/00     3/31/00    BORROWER           100.0%   3/31/00
162        1      119,651   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 85.2%  12/31/99
163        1      209,941   N/A        UNDERWRITER               33,211   8/17/99    12/31/99   BORROWER            82.9%  12/31/99
164        1      233,670   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                  N/A        N/A
165        1      168,267   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%    2/1/00
166        1      149,724   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 93.4%  12/31/99
167        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
168        1      148,831   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 99.0%   3/31/00
169        1          N/A   N/A        N/A                          N/A   N/A        N/A        N/A                  N/A        N/A
170        1      246,422   N/A        UNDERWRITER               49,794   8/1/99     12/31/99   BORROWER            98.1%    3/1/00
171        1      135,498   N/A        UNDERWRITER                  N/A   N/A        N/A        N/A                100.0%   8/17/99
172        1          N/A   N/A        N/A                      117,124   1/1/99     10/30/99   BORROWER             N/A        N/A
173        1      143,381   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                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              115,129   4/1/99     12/31/99   BORROWER           100.0%  12/31/99
176        1      157,840   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 96.9%  12/20/99
177        1      132,008   12/31/99   BORROWER                  29,708   4/1/99     6/30/99    BORROWER           100.0%  12/31/99
178        1      137,515   12/31/98   BORROWER                  94,103   1/1/99     6/10/99    BORROWER            91.0%  11/30/99
179        1      136,667   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%   1/31/00
180        1      123,988   N/A        UNDERWRITER               40,106   8/1/99     9/30/99    BORROWER           100.0%  12/31/99
181        1      291,308   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%    4/5/00
182        1      117,861   12/31/98   BORROWER                     N/A   N/A        N/A        N/A                  N/A        N/A
183        1      109,865   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/27/99
184        1      142,911   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/31/99
185        1      105,688   12/31/98   BORROWER                  96,464   1/1/99     6/30/99    BORROWER             N/A        N/A
186        1      150,650   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 97.0%  12/31/99
187        1      125,798   N/A        UNDERWRITER               93,821   4/1/99     12/31/99   BORROWER           100.0%  12/31/99
188        1      199,145   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 94.8%  12/31/99
189        1       23,227   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 89.6%  12/31/99
190        1          N/A   N/A        N/A                       50,032   9/1/99     12/31/99   BORROWER            96.8%   4/25/00
191        1          N/A   N/A        N/A                      127,082   1/1/99     10/31/99   BORROWER             N/A        N/A
192        1       98,158   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%    3/2/00
193        1      115,912   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                100.0%  12/31/99
194        1      146,260   12/31/99   Scanned Image                N/A   N/A        N/A        N/A                 88.0%   7/12/99
195        1       88,123   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 94.1%    3/1/00
196        1          N/A   N/A        N/A                       34,960   10/1/99    12/31/99   BORROWER           100.0%  12/31/99
197        1       89,883   N/A        UNDERWRITER               77,860   1/1/99     9/30/99    BORROWER            97.0%  12/31/99
198        1          N/A   N/A        N/A                       42,674   10/1/99    12/31/99   BORROWER           100.0%  12/31/99
</TABLE>

                                   Pagpe - 43
<PAGE>
<TABLE>
<CAPTION>
                BASELINE OR                                                YTD        YTD
 ASSET     PROP MOST RECENT   NOI                            MOST RECENT  PERIOD     PERIOD                       PERCENT
  NO       NO   ANNUAL NOI   AS OF     NOI SOURCE              YTD NOI    BEGIN      ENDING     YTD NOI SOURCE    OCCUPIED   AS OF
<S>        <C> <C>          <C>        <C>                   <C>          <C>        <C>        <C>                <C>     <C>
199        1       94,547   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 81.0%  12/31/99
200        1          N/A   N/A        N/A                       46,811   9/30/99    12/31/99   BORROWER           100.0%    4/1/00
201        1      102,582   12/31/98   BORROWER                  42,133   8/10/99    12/31/99   BORROWER             N/A        N/A
202        1          N/A   N/A        N/A                        4,105   11/1/99    12/31/99   BORROWER           100.0%  12/31/99
203        1       93,941   12/31/98   BORROWER                  26,663   10/7/99    12/31/99   BORROWER           100.0%   4/27/00
204        1      115,540   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                  N/A        N/A
205        1       64,918   12/31/99   BORROWER                     N/A   N/A        N/A        N/A                 95.0%  12/31/99
206        1       31,559   12/31/98   BORROWER                     N/A   N/A        N/A        N/A                  N/A        N/A
206        2       55,777   12/31/98   BORROWER                     N/A   N/A        N/A        N/A                  N/A        N/A
207        1       73,991   N/A        UNDERWRITER               26,984   8/1/99     12/31/99   BORROWER            87.0%  12/31/99
</TABLE>

                                   Page - 44
<PAGE>
    MIDLAND LOAN SERVICES, L.P. - Master Servicer
       Loan Portfolio Analysis System - Asset Comments
          PORTFOLIO: PNCMAC 1999 CM1
          REPORTING PERIOD: June, 2000
           DATE PRINTED: 12-Jun-00

LOAN  001      - 1:  Latest Annual Statement Comment: 12/31/99 -
BORROWER DID NOT REPORT INSURANCE EXPENSE.  VARIANCES DUE TO CHANGE IN
CLASSIFICATION PER BORROWER.

LOAN  002      - 1:  Latest Annual Statement Comment: 12/31/99 -
PROPERTY TAXES AND INSURANCE PER LOAN SERVICING. R&M HIGH DUE TO REDEVELOPMENT
WORK BEING DONE. LEASING COMMISSIONS INCLUDE BROKERAGE COMMISSIONS.

LOAN  003      - 3:  Latest Annual Statement Comment: 3/1/99 -
DEBT SERVICE PRORATED (23.4%) BASED ON UNDERWRITTEN NOI.  Partial Year
Statement Comment:  12/31/99 - DEBT SERVICE PRORATED (23.4%) BASED ON
UNDERWRITTEN NOI.  INSURANCE PER BORROWER.

LOAN  003      - 2:  Latest Annual Statement Comment: 3/1/99 -
DEBT SERVICE PRORATED (29.6%) BASED ON UNDERWRITTEN NOI.  Partial Year
Statement Comment:  12/31/99 - DEBT SERVICE PRORATED (29.6%) BASED ON
UNDERWRITTEN NOI.  INSURANCE PER BORROWER.

LOAN  003      - 1:  Latest Annual Statement Comment: 3/1/99 -
DEBT SERVICE PRORATED (47%) BASED ON UNDERWRITTEN NOI.  Partial Year Statement
 Comment:  12/31/99 - DEBT SERVICE PRORATED (47%) BASED ON UNDERWRITTEN NOI.

LOAN  004      - 1:  Latest Annual Statement Comment: 12/31/99 -
LOW DSCR DUE TO HIGH TENANT TURNOVER IN 1999.

LOAN  005      - 1:  Partial Year Statement Comment:  12/31/99 -
BORROWER ONLY REPORTED 5 MONTHS AS LOAN ORIGINATED 8/18/1999.

LOAN  006      - 1:

LOAN  007      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASED DSCR REFLECTS LEASING OF SPACE BY MAJOR TENANT.

LOAN  008      - 1:  Latest Annual Statement Comment: 12/31/99 -
1998 FIGURES ARE FROM UNDERWRITTING.  DATA IN LINE WITH BASELINE.  Partial
Year Statement Comment:3/31/00 - NORMALIZED PROPERTY TAX AND INSURANCE PER LOAN
 SERVICING SYSTEM.  RATE INCREASE IN RENT CAUSED INCREASE IN BASE RENT INCOME.
DSCR REFLECTS THIS INCREASE.

LOAN  009      - 1:  Latest Annual Statement Comment: 12/31/99 -
DECREASE DSCR REFLECTS LOW OCCUPANCY IN 1999.  PROPERTY WAS UNDER RENOVATION
THROUGHOUT 1998.  PROPERTY HAS PROSPECTIVE TENANTS WHICH WILL RESULT IN 100%
OCCUPANCY FOR YEAR 2000.

LOAN  010      - 3:  Latest Annual Statement Comment: 12/31/99 -
INSURANCE PER BORROWER. DEBT SERVICE WAS PRORATED BASED ON UNDERWRITING NOI.

LOAN  010      - 2:  Latest Annual Statement Comment: 12/31/99 -
INSURANCE PER BORROWER. DEBT SERVICE WAS PRORATED BASED ON UNDERWRITING NOI.
VARIANCES DUE TO CHANGES IN CATEGORIZATION.

LOAN  010      - 1:  Latest Annual Statement Comment: 12/31/99 -
DEBT SERVICE WAS PRORATED BASED ON UNDERWRITING NOI.

LOAN  010      - 4:  Latest Annual Statement Comment: 12/31/99 -
INSURANCE PER BORROWER. DEBT SERVICE WAS PRORATED BASED ON UNDERWRITING NOI.

LOAN  011      - 1:

LOAN  012      - 1:  Latest Annual Statement Comment: 12/31/99 -
NO HISTORICAL DATA FOR FURTHER ANALYSIS.

LOAN  013      - 1:

LOAN  014      - 1:  Latest Annual Statement Comment: 12/31/99 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM.

LOAN  015      - 1:  Partial Year Statement Comment:  12/31/99 -
LOAN ORIGINATED 5/19/99.

                                   Page - 45
<PAGE>

LOAN  016      - 1:  Latest Annual Statement Comment: 12/31/99 -
NORMALIZED PROPERTY TAXES &  INSURANCE PER LOAN SERVICING SYSTEM. VARIATIONS IN
OTHER INCOME, REPAIRS & MAINTENANCE, & GENERAL & ADMINISTRATIVE EXPENSES IS DUE
TO THE DIFFERENCE IN CATEGORIZATION FROM 1998 TO 1999.

LOAN  017      - 1:

LOAN  018      - 1:

LOAN  019      - 1:  Latest Annual Statement Comment: 12/31/99 -
DSCR INCREASE REFLECTS AN INCREASE IN OCCUPANCY.

LOAN  020      - 1:

LOAN  020      - 2:

LOAN  021      - 1:  Latest Annual Statement Comment: 12/31/99 -
INSURANCE PER BORROWER. PERCENTAGE RENT VARIANCE DUE TO PAYMENT OF 97
PERCENTAGE RENTS IN 98, ALSO PAYMENT OF 99 WAS NOT MADE UNTIL 1/00.
PROFESSIONAL FEE INCURRED WAS ASSOCIATED TO 2 NEW TENANTS. HIGH UTILITIES
DUE TO A 98 $16K BILL, POSTED IN 99.

LOAN  022      - 1:

LOAN  023      - 1:

LOAN  024      - 1:

LOAN  025      - 1:  Partial Year Statement Comment:  12/31/99 -
LOAN ORIGINATED 8/18/1999.

LOAN  026      - 1:

LOAN  027      - 1:  Partial Year Statement Comment:  12/31/99 -
LOAN ORIGINATED 9/21/99. UTILITIES EXPENSE INCREASED DUE TO TRASH REMOVAL BEING
INCLUDED IN THAT CATEGORY.

LOAN  028      - 1:

LOAN  029      - 1:  Partial Year Statement Comment:  12/31/99 -
LOAN WAS ORIGINATED IN 7/19/99, DSCR IS INLINE WITH BASE LINE.

LOAN  030      - 1:

LOAN  031      - 1:

LOAN  032      - 1:

LOAN  033      - 1:  Latest Annual Statement Comment: 12/31/99 -
DECREASE IN OTHER INCOME DUE TO DECREASE IN LATE CHARGES AND LAUNDRY INCOME.

LOAN  034      - 1:  Latest Annual Statement Comment: 12/31/99 -
PROPERTY TAX AND INSURANCE PER LOAN SERVICING.  Partial Year Statement
Comment:  3/31/00 - LOWER DSCR DUE TO THE SEASONALITY OF THE BUSINESS. BASED ON
98 AND 99 OCCUPANCY RATES, MAY TO SEPTEMBER ARE THE BETTER MONTHS.

LOAN  035      - 1:  Latest Annual Statement Comment: 12/31/99 -
LOW DSCR DUE TO LOW OCCUPANCY.

LOAN  036      - 1:

LOAN  037      - 1:

LOAN  038      - 1:  Latest Annual Statement Comment: 12/31/99 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM.  98 YTD
REFLECTS ONLY PARTIAL YEAR COMPARISON. OCCUPANCY IS STEADILY INCREASING AND THE
EXPENSES ARE FOLLOWING THE SAME TREND.

LOAN  039      - 1:  Latest Annual Statement Comment: 12/31/99 -
INSURANCE EXPENSE PER BORROWER. HIGH VARIANCES DUE TO RECLASSIFICATION OF
SEVERAL EXPENSES.DSCR REMAINS CONSISTENT WITH 1998 FIGURE. CAPITAL IMPROVEMENTS
CONSIST OF THE RE-PAVING / RE-STRIPING OF THE PARKING LOT.

LOAN  040      - 1:

LOAN  041      - 1:

                                   Page - 46
<PAGE>
LOAN  042      - 1:  Partial Year Statement Comment:  12/31/99 -
NORMALIZED PROPERTY TAX AND INSURANCE PER BORROWER. DATA REFLECTS THREE MONTHS
OF OPERATION.  LOAN WAS ORIGINATED 9/1/99.

LOAN  043      - 1:

LOAN  044      - 1:  Latest Annual Statement Comment: 12/31/99 -
HIGH VARIANCES DUE TO THE RE-CATEGORIZATION OF EXPENSES. DSCR UP SLIGHTLY DUE
TO THE 4% INCREASE IN TOTAL REVENUE COMBINED WITH DECREASED OPERATING EXPENSES,
SPECIFICALLY UTILITY AND R & M EXPENSES.

LOAN  045      - 1:

LOAN  046      - 1:  Latest Annual Statement Comment: 12/31/98 -
PROPERTY TAXES AND INSURANCE NORMALIZED PER LOAN SERVICING SYSTEM.  Partial
Year Statement Comment:  12/31/99 - NORMALIZED PROPERTY TAX AND INSURANCE PER
LOAN SERVICING SYSTEM. BORROWER REPORTED 2 MONTHS.

LOAN  047      - 1:

LOAN  048      - 1:

LOAN  049      - 1:

LOAN  050      - 1:  Partial Year Statement Comment:  12/31/99 -
LOAN ORIGINATED 8/19/99.

LOAN  051      - 1:  Partial Year Statement Comment:  12/31/99 -
LOAN ORIGINATED IN 9/18/99, STATEMENT ONLY RELECTS 3 MONTHS INFORMATION.

LOAN  052      - 1:  Latest Annual Statement Comment: 12/31/99 -
REVENUE INCREASED DUE TO FULL TERM OCCUPANCY. UTILITIES INCREASE DUE TO
CATEGORY INCLUSION OF REFUSE COLLECTION.  OTHER EXPENSES INCLUDE JANITORIAL
AND SERVICE CONTRACTS.

LOAN  053      - 1:

LOAN  054      - 1:

LOAN  055      - 1:

LOAN  056      - 1:  Latest Annual Statement Comment: 12/31/99 -
CAPITAL EXPENSES INCLUDE ROOF AND HVAC IMPROVEMENTS.

LOAN  057      - 1:

LOAN  058      - 1:

LOAN  059      - 1:

LOAN  060      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASE IN BASE RENTS AND DROP IN OCCUPANCY DUE TO BORROWER INCREASING RENTS.
INCREASE IN REPAIRS AND MAINTENANCE DUE TO HURRICANE DAMAGE AND CARPORT REPAIR.
UTILITIES INCREASE DUE TO HIGHER USAGE.

LOAN  061      - 1:

LOAN  062      - 1:  Latest Annual Statement Comment: 12/31/99 -
NORMALIZED PROPERTY TAX AND INSURANCE PER BORROWER.  NOT ENOUGH HISTORICAL DATA
TO MAKE FURTHER ANALYSIS.

LOAN  063      - 1:

LOAN  064      - 1:  Latest Annual Statement Comment: 12/31/99 -
DSCR INCREASE REFLECTS INCREASE IN RENTS AND OCCUPANCY.

LOAN  065      - 1:  Latest Annual Statement Comment: 12/31/99 -
BORROWER DID NOT PROVIDE A BREAKDOWN OF GENERAL & ADMIN. EXPENSES IN 1998. PART
OF PAYROLL COULD BE CLASSIFIED UNDER GENERAL & ADMIN. EXPENSES IN 1998.

LOAN  066      - 1:

LOAN  067      - 1:  Partial Year Statement Comment:  12/31/99 -
LOAN ORGINATED 6/15/99.

LOAN  068      - 1:  Latest Annual Statement Comment: 12/31/99 -
PROPERTY TAX AND INSURANCE PER BORROWER.  LOAN ORIGINATED 10/01/99.

                                   Page - 47
<PAGE>
LOAN  069      - 1:  Latest Annual Statement Comment: 12/31/99 -
VARIANCE IN R&M AND UTILITIES DUE TO CATEGORIZATION.

LOAN  070      - 1:  Latest Annual Statement Comment: 12/31/99 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING INFORMATION.  OTHER
INCOME INCREASED DUE TO AN INCREASE IN WATER & SEWER INCOME.

LOAN  071      - 1:

LOAN  072      - 1:  Partial Year Statement Comment:  12/31/99 -
THE FINANCIAL INFORMATION REPRESENTS ONLY 3 MONTHS OF ACTIVITY.

LOAN  073      - 1:  Latest Annual Statement Comment: 12/31/98 -
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  074      - 1:

LOAN  075      - 1:  Latest Annual Statement Comment: 3/31/99 -
NORMALIZED PROEPRTY TAXES AND INSURANCE PER SERVICNG SYSTEM  Partial Year
Statement Comment:  12/31/99 - NORMALIZED PROPERTY TAXES AND INSURANCE PER
SERVICING SYSTEM

LOAN  076      - 1:

LOAN  076      - 4:

LOAN  076      - 2:

LOAN  076      - 5:

LOAN  076      - 3:

LOAN  077      - 1:  Latest Annual Statement Comment: 12/31/99 -
LOW BASE RENT COMPARED TO BASE LINE BECAUSE OF A VACANT UNIT NOT LEASED OUT
UNTIL MAY.  MANAGEMENT FEE IS CHARGED BY PERCENTAGE OF CASH COLLECTED WITH
MINIMUM REQUIREMENT OF 5% EVEN THOUGH THE UNIT IS VACANT.

LOAN  078      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASE IN BASE RENT DUE TO INCREASE IN RENTAL RATES. DECREASE IN REPAIRS AND
MAINTENANCE DUE TO MAJOR ASPHALT AND PAINTING REPAIRS DONE IN 1998 THAT WERE
NOT DONE IN 1999.

LOAN  079      - 1:

LOAN  080      - 1:

LOAN  081      - 1:  Partial Year Statement Comment:  12/31/99 -
BORROWER DID NOT REPORT PROPERT TAXES.  NORMALIZED $6900 IN PROFESSIONAL FEES,
DUE TO CLOSING COSTS. LOAN ORIGINATED 5/27/99.

LOAN  082      - 1:  Latest Annual Statement Comment: 4/30/99 -
SIX MONTH ANNUALIZED STATEMENT.

LOAN  083      - 4:

LOAN  083      - 1:

LOAN  083      - 3:

LOAN  083      - 2:

LOAN  084      - 1:

LOAN  084      - 3:

LOAN  084      - 2:

LOAN  085      - 1:

LOAN  085      - 2:

LOAN  085      - 3:

                                   Page - 48
<PAGE>
LOAN  086      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASED REVENUE DUE TO INCREASED RENTAL RATES.  INCREASED EXPENSES DUE TO
BORROWER REPORTING PROPERTY TAXES AND INSURANCE AND $8,369.57 IN SALES TAX.

LOAN  086      - 2:

LOAN  086      - 3:

LOAN  087      - 1:  Partial Year Statement Comment:  12/31/99 -
MOST OF THE REPAIRS AND MAINTENANCE WERE FOR RENOVATIONS (ROOF, CARPET, ETC.)
AND THEREFORE CAPITALIZED.

LOAN  088      - 1:  Latest Annual Statement Comment: 12/31/99 -
UNABLE TO CONTACT BORROWER TO DISCUSS INCREASE IN REVENUES.

LOAN  089      - 1:  Latest Annual Statement Comment: 12/31/99 -
BORROWER DID NOT REPORT PROPERTY TAX OR INSURANCE.NORMALIZED INSURANCE PER BASE
LINE

LOAN  090      - 1:  Latest Annual Statement Comment: 12/31/99 -
BORROWER DID NOT REPORT PROPERTY TAX OR INSURANCE EXPENSE. NORMALIZED INSURANCE
PER BASE LINE.

LOAN  091      - 1:

LOAN  092      - 1:  Latest Annual Statement Comment: 12/31/99 -
BORROWER DID NOT REPORT PROPERTY TAXES OR INSURANCE.  DECREASED DSCR DUE TO
INCREASED VACANCIES.

LOAN  093      - 1:  Latest Annual Statement Comment: 12/31/99 -
THE TENANT IS PAYING A REDUCED RENT DUE TO RENOVATING THE SECOND FLOOR OF THE
BUILDING. FULL RENT WILL COMMENCE WHEN THE RENOVATIONS ARE COMPLETED.

LOAN  094      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASE IN BASE RENT DUE TO 1998 PAYMENTS BEING CREDITED IN 1999.

LOAN  095      - 1:

LOAN  096      - 1:

LOAN  097      - 1:

LOAN  098      - 1:  Latest Annual Statement Comment: 12/31/99 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM.  UTILITIES
INCREASED DUE TO A COLD WINTER WHICH CAUSED AN INCREASE IN GAS & HEAT EXPENSE.

LOAN  099      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASE DSCR REFLECTS AN INCREASE IN RENTS.

LOAN  100      - 1:  Partial Year Statement Comment:  12/31/99 -
PROPERTY IS A BRAND NEW SHOPPING CENTER.  LOAN ORGINATION 9/7/99.

LOAN  101      - 1:

LOAN  102      - 1:

LOAN  103      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASED DSCR REFLECT INCREASES IN RENTS AND TENANTS.  PAYROLL EXPENSE IN
INCLUDED IN R&M EXPENSES.

LOAN  104      - 1:  Latest Annual Statement Comment: 12/31/99 -
BORROWER DID NOT REPORT PROPERTY TAX.

LOAN  105      - 1:

LOAN  106      - 1:  Latest Annual Statement Comment: 12/31/98 -
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.

LOAN  107      - 1:  Partial Year Statement Comment:  12/31/99 -
LOAN ORIGINATION 08/06/99.

                                   Page - 49
<PAGE>
LOAN  108      - 1:  Partial Year Statement Comment:  12/31/99 -
LOAN ORIGINATED 8/20/99.NORMALIZED PROFESSIONAL FEES AS ONE-TIME CLOSING COSTS.

LOAN  109      - 1:

LOAN  110      - 1:  Latest Annual Statement Comment: 12/31/99 -
DECREASE IN DSCR IS DUE TO THE INCREASE IN OPERATING EXPENSES SUCH AS: GROUND
LEASE AND OTHER EXPENSES.  OTHER EXPENSES INCLUDES: JANITOR, SECURITY, SNOW
REMOVAL, & OTHER SERVICE RELATED EXPENSES.

LOAN  111      - 1:  Latest Annual Statement Comment: 12/31/99 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM.  MOST CAPITAL
EXPENSES WERE FOR APPLIANCES, CARPETING, LAWN EQUIPMENT, HVAC AND TILE/VINYL.
LOW DSCR DUE TO LOW OCCUPANCY

LOAN  112      - 1:

LOAN  113      - 1:

LOAN  114      - 1:

LOAN  115      - 1:

LOAN  116      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASED DSCR REFLECTS AN  INCREASE IN RENTS.

LOAN  117      - 1:

LOAN  118      - 1:

LOAN  119      - 1:

LOAN  120      - 1:  Latest Annual Statement Comment: 12/31/99 -
OTHER INCOME UP DUE TO INCREASED TENANT FEES. G & A EXP DOWN DUE TO PAYROLL,
PROFESSIONAL FEES, AND ADVERTISING EXP'S BEING CATEGORIZED SEPARATELY.

LOAN  121      - 1:

LOAN  122      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASE IN REPAIR AND MAINTENANCE DUE TO HIGHER TENANT TURNOVER AND TENANT
PREP. DECREASE IN OCCUPANCY DUE TO SLOWER MARKET.

LOAN  123      - 1:

LOAN  124      - 1:

LOAN  125      - 1:  Latest Annual Statement Comment: 12/31/99 -
DECREASED DSCR REFLECTS INCREASES IN CONTRACT LABOR, MARKETING, AND LEGAL
EXPENSES.

LOAN  126      - 1:  Partial Year Statement Comment:  12/31/99 -
NORMALIZED PROFESSIONAL FEES AND OTHER EXPENSES AS THEY ARE ONE-TIME CLOSING
COSTS.

LOAN  127      - 1:

LOAN  128      - 1:  Latest Annual Statement Comment: 12/31/99 -
STATEMENT FOR CAYUGA LAKE ESTATES ONLY.  NO HISTORICAL INFORMATION FOR
COMPARISON.  LOW DSCR DUE EXTRA REPAIR & MAINTENANCE.  PROPERTY IS EXPECTED TO
PERFORM BETTER IN THE FUTURE UNDER THE NEW MANAGEMENT.

LOAN  128      - 2:

LOAN  129      - 2:

LOAN  129      - 1:  Latest Annual Statement Comment: 12/31/99 -
STATEMENT OF ERIN ESTATE ONLY.  NO HISTORICAL INFORMATION FOR FURTHER ANALYSIS.

LOAN  130      - 1:

LOAN  131      - 1:  Latest Annual Statement Comment: 12/31/99 -
TENANT PAYS ALL EXPENSES.

LOAN  132      - 1:  Latest Annual Statement Comment: 12/31/99 -
OTHER INCOME DOWN DUE TO SECURITY DEPOSIT INCOME NOT BEING INCLUDED. HIGH
VARIANCES DUE TO RE-CATEGORIZATION OF EXPENSES. OTHER EXPENSES UP DUE TO
INCREASED MISCELLANEOUS AND R & M MATERIALS/SUPPLIES EXPENSES.

                                 Page - 50
<PAGE>
LOAN  133      - 1:  Latest Annual Statement Comment: 12/31/99 -
NORMALIZED PROPERTY INSURANCE PER BORROWER.

LOAN  134      - 1:

LOAN  135      - 1:

LOAN  136      - 1:  Latest Annual Statement Comment: 12/31/99 -
LOAN ORIGINATED 5/26/99.

LOAN  137      - 1:  Latest Annual Statement Comment: 12/31/99 -
DECREASE IN DSCR IS DUE TO THE INCREASE IN OPERATING EXPENSES SUCH AS:UTILITIES
AND REPAIRS & MAINTENANCE.

LOAN  138      - 1:

LOAN  139      - 1:  Partial Year Statement Comment:  10/31/99 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER SERVICING SYSTEM

LOAN  140      - 1:

LOAN  141      - 1:  Status Comment: The Bwr. Principal has agreed
 to reaffirm his obligations under the loan  documents.

LOAN  142      - 1:  Latest Annual Statement Comment: 12/31/99 -
LOAN ORIGINATED 9/8/99. NORMALIZED PROFESSIONAL FEES AS ONE-TIME CLOSING COSTS.

LOAN  143      - 1:

LOAN  144      - 1:  Latest Annual Statement Comment: 12/31/99 -
BASE RENT HAS INCREASE DUE TO A GREATER OCCUPANCY OF LARGER UNITS, WHICH HAVE
HIGHER RATES.

LOAN  145      - 1:

LOAN  146      - 1:  Latest Annual Statement Comment: 12/31/99 - A
 NEWLY ORIGINATED LOAN IN SEPTEMBER.  STATEMENT REFLECT FULL 12 MONTHS
FINANCIALS.TAXES AND INSURANCE HAD INCREASED DUE TO CLOSING AND ANNUAL PREMIUM.
  LOW REVENUE DUE TO $55,000 LOST IN 15-20 VACATED UNITS THAT WERE BEING
RENOVATED.

LOAN  147      - 1:  Partial Year Statement Comment:  12/31/99 -
LOAN ORIGINATED 7/6/99.

LOAN  148      - 1:

LOAN  149      - 1:

LOAN  150      - 1:  Latest Annual Statement Comment: 12/31/99 -
LOAN ORIGINATED 9/22/99.

LOAN  151      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASED DSCR REFLECTS AN DECREASE IN TOTAL OPERATING EXPENSES.

LOAN  152      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASED DSCR REFLECTS INCREASE IN RENTS.

LOAN  153      - 1:

LOAN  154      - 1:  Latest Annual Statement Comment: 12/31/99 -
LOW DSCR REFLECTS PROPERTY ACQUIRED 2/99 REQUIRING A SIGNIFICANT AMOUNT OF R&M
PLUS OTHER EXPENSES.

LOAN  155      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASED DSCR IS DUE TO INCREASED OCCUPANCY AND INCREASE IN RENTS.

LOAN  156      - 1:  Partial Year Statement Comment:  12/31/99 -
BORROWER DID NOT REPORT PROPERTY TAXES.

                                 Page - 51
<PAGE>
LOAN  157      - 1:

LOAN  158      - 1:

LOAN  159      - 1:  Partial Year Statement Comment:  12/31/99 -
LOAN ORIGINATED 5/25/99.

LOAN  160      - 1:  Latest Annual Statement Comment: 12/31/99 -
OTHER INCOME DOWN DUE TO INTEREST INCOME NOT BEING INCLUDED. G & A EXP UP AND
OTHER EXP DOWN DUE TO RE-CATEGORIZATION OF SIGNIFICANT SECURITY EXP. R & M EXP
UP DUE TO INSTALLATION OF NEW WINDOWS. MGMT FEES UP DUE TO OVERCHARGE WHICH
WILL BE REFUNDED.

LOAN  161      - 1:  Latest Annual Statement Comment: 12/31/99 -
BORROWER DID NOT REPORT TAX EXPENSE.  Partial Year Statement Comment:  3/31/00
- BORROWER REPORTED COMBINED PROPERTY TAX AND MORTGAGE EXPENSE. FIRST QUARTER
R & M EXPENSE HIGH DUE TO THE INSTALLATION OF A FURNACE. EXPENSE SHOULD NET
OUT DUE TO THE TENANT REIMBURSING THE COSTS.

LOAN  162      - 1:  Latest Annual Statement Comment: 12/31/99 -
EXPIRED LEASES WERE NOT RENEWED DUE TO LOW RATE CHARGED BY PREVIOUS OWNER AND
NEW OWNER BEING SELECTIVE.CAPITAL EXPENSES INCLUDES PARKING LOT REPAVEMENT, NEW
ROOF, NEW HVAC, 2ND FLOOR RENOVATION, RELANDSCAPE FRONT AND BACK OF PROPERTY.

LOAN  163      - 1:  Partial Year Statement Comment:  12/31/99 -
STATEMENT REFLECTS PARTIAL YEAR AS BORROWER TOOK OVER PROPERTY 8/17/99.

LOAN  164      - 1:

LOAN  165      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASE IN R&M DUE TO GROUNDS EXPENSE TO IMPROVE THE APPEARANCE OF THE
PROPERTY. CAPITAL  EXPENSES  INCLUDES  ROOF  REPAIR,  HOT  WATER  AND  AIR
CONDITIONER REPLACEMENT, AND A NEW POOL MOTOR AND PUMP.

LOAN  166      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASE IN REPAIRS AND MAINTENANCE IS DUE TO UPGRADES, EXTERIOR ELECTRICAL
WORK AND PORCHES WERE REDONE.

LOAN  167      - 1:

LOAN  168      - 1:

LOAN  169      - 1:

LOAN  170      - 1:  Partial Year Statement Comment:  12/31/99 -
DSCR LOWER DUE TO NON-RECURRING R&M TO IMPROVE THE APPEARANCE OF THE PROPERTY.
G&A ALSO IS HIGHER DUE TO THE PURCHASE OF COMPUTER SOFTWARE AND EQUIPMENT.
NORMALIZED PROFESSIONAL FEES AS ONE-TIME CLOSING COSTS.

LOAN  171      - 1:

LOAN  172      - 1:

LOAN  173      - 1:  Latest Annual Statement Comment: 12/31/99 -
DECREASED DSCR REFLECTS INCREASE IN R&M OF PROPERTY UNDER NEW MANAGEMENT AND
SKEWED DATA (REVENUES) FOR YEAR-END 1998.

LOAN  174      - 1:

LOAN  175      - 1:  Partial Year Statement Comment:  12/31/99 -
BORROWER INCLUDED PROPERTY TAXES AND INSURANCE IN TOTAL NON CAM EXPENSES.  DSCR
IN LINE WITH BASELINE.

LOAN  176      - 1:

LOAN  177      - 1:

LOAN  178      - 1:  Partial Year Statement Comment:  6/10/99 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM. BORROWER DID
NOT REPORT ACTUAL TAX AND INSURANCE FIGURES.

LOAN  179      - 1:

LOAN  180      - 1:  Partial Year Statement Comment:  9/30/99 -
NORMALIZED PROPERTY TAX, INSURANCE, AND CAPITAL EXPENSES PER LOAN SERVICING
SYSTEM.

                                 Page - 52
<PAGE>
LOAN  181      - 1:

LOAN  182      - 1:  Latest Annual Statement Comment: 12/31/98 -
PROPERTY TAXES AND INSURANCE NORMALIZED PER BORROWER.

LOAN  183      - 1:  Latest Annual Statement Comment: 12/31/99 -
NEW MANAGEMENT TOOK OVER THE PROEPRTY IN LATE 98, INCREASED DSCR DUE TO FULL
OCCUPANCY AND HIGHER RENTAL RATE.

LOAN  184      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASED DSCR REFLECTS INCREASE IN RENTS.

LOAN  185      - 1:  Partial Year Statement Comment:  6/30/99 -
NORMALIZED PROPERTY TAXES AND INSURANCE PER LOAN SERVICING SYSTEM. BORROWER DID
NOT REPORT PROPERTY TAX INFORMATION.

LOAN  186      - 1:

LOAN  187      - 1:  Partial Year Statement Comment:  12/31/99 -
DSCR INLINE WITH BASELINE.

LOAN  188      - 1:

LOAN  189      - 1:  Latest Annual Statement Comment: 12/31/99 -
NORMALIZED PROPERTY TAXES PER SERVICING SYSTEM.  REPAIRS AND MAINTENANCE
INCLUDES APPLIANCES, CARPET/VINYL AND LOCKS AND KEYS REPLACEMENT FOR NEW
TENANTS. LOANORIGINATED 09/98.

LOAN  190      - 1:

LOAN  191      - 1:

LOAN  192      - 1:  Latest Annual Statement Comment: 12/31/99 -
BORROWER DID NOT REPORT PROPERTY TAX OR INSURANCE EXPENSE. OTHER INCOME IS MADE
UP OF OPERATING EXPENSES AND OTHER EXPENSES.

LOAN  193      - 1:  Latest Annual Statement Comment: 12/31/99 -
INCREASE IN BASE RENT IS DUE TO INCREASE IN UNIT RENTAL RATES.

LOAN  194      - 1:

LOAN  195      - 1:  Latest Annual Statement Comment: 12/31/99 -
BORROWER DID NOT REPORT PROPERTY TAXES. PROFESSIONAL FEES UP DUE TO INCREASED
LEGAL FEES. OTHER EXPENSE DOWN DUE TO DECREASED MISC EXPENSES. DSCR REMAINS
CONSISTENT WITH 1998 FIGURE. CAPITAL IMPROVEMENTS CONSIST OF ROOF, CARPET, &
WINDOW REPLACEMENTS.

LOAN  196      - 1:

LOAN  197      - 1:  Partial Year Statement Comment:  9/30/99 -
NORMALIZED PROPERTY TAX, INSURANCE AND CAPITAL EXPENSES PER LOAN SERVICING
SYSTEM.

LOAN  198      - 1:

LOAN  199      - 1:

LOAN  200      - 1:

LOAN  201      - 1:  Partial Year Statement Comment:  12/31/99 -
BORROWER'S OPERATING STATEMENT ONLY REFLECTS 5 MONTHS AS LOAN ORIGINATED
8/10/99. CAPITAL REPAIRS INCLUDES CARPET REPLACEMENT IN HALLWAYS, REPLACEMENT
OF EXTERIOR LIGHTING, REBUILDING GARAGE, ROOF REPAIRS TO IMPROVE OVERALL
APPEARANCE OF PROPERTY.

LOAN  202      - 1:

LOAN  203      - 1:  Partial Year Statement Comment:  12/31/99 -
LOAN ORIGINATED 10/7/99.

LOAN  204      - 1:

LOAN  205      - 1:

                                 Page - 53
<PAGE>

LOAN  206      - 2:  Latest Annual Statement Comment: 12/31/98 -
DSCR IS PRORATED AT 64% OF NOI.

LOAN  206      - 1:  Latest Annual Statement Comment: 12/31/98 -
DSCR IS PRORATED AT 36% PER NOI.

LOAN  207      - 1:  Partial Year Statement Comment:  12/31/99 -
INCREASED OPERATING EXPENSES REFLECT AN INCREASE IN MISCELLANEOUS AND LEGAL
EXPENSES IN TRANSFERING PROPERTY FROM PERSONAL OWNERSHIP TO SINGLE ENTITY.

                                 Page - 54


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