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Previous: GREATAMERICA LEASING RECEIVABLES 2000-1 LLC, 8-K, EX-4.2, 2000-06-30 |
Next: R-TEC HOLDING INC, 10SB12G/A, 2000-06-30 |
<PAGE> 1
GreatAmerica Leasing Receivables 2000-1, LLC
Monthly Servicer Report
Closing Date 06/16/00
Payment Date 06/20/00
Due Period 05/01/00 to 05/31/00
<TABLE>
<S> <C> <C>
A AGGREGATE DISCOUNTED CONTRACT BALANCE (DISCOUNT RATE = 8.207%)
Initial Aggregate Discounted Contract Balance 241,226,414.17
Aggregate Discounted Contract Balance, beginning 241,226,414.17
Aggregate Discounted Contract Balance, ending 233,520,241.56
B COLLECTION ACCOUNT (AVAILABLE FUNDS)
All Rental Payments Received 13,672,922.36
Prepayment Proceeds 325,066.21
End of Term Buyout Proceeds 5,098.39
Recoveries on Defaulted Lease Contracts 1,325.00
Residuals released from Residual Account -
Proceeds from Investment of Collection and Reserve Account Funds -
Servicer Advances 562,170.26
Total 14,566,582.22
PAYAHEAD ACCOUNT
Rental Payments Received in Prior Periods Attributable to Current Due Period -
Rental Payments Attributable to Future Due Periods (Payahead Account Balance) (5,175,301.89)
Total Available (5,175,301.89)
---------------
TOTAL AVAILABLE FUNDS 9,391,280.33
===============
C RESIDUAL ACCOUNT
Residual Account balance, beginning -
Deposits into Residual Account -
Released residuals to waterfall -
----------------
Residual Account balance, ending -
===============
D RESERVE FUND
Reserve Account balance, beginning -
Required Reserve Amount 2,412,264.14
Shortfall -
Deposit (Release to) Noteholder 2,412,264.14
----------------
Reserve Account balance, ending 2,412,264.14
===============
E SERVICER ADVANCES
Cumulative un-reimbursed Servicer Advances, beginning -
Servicer Advances for the current Due Period 562,170.26
Unreimbursed Servicer Advances collected -
----------------
Cumulative un-reimbursed Servicer Advances, ending 562,170.26
===============
F SUBSTITUTIONS
Defaulted Leases and Adjusted Contracts Substituted to date, beginning -
Defaulted Leases and Adjusted Contracts provided with Substitute Leases -
---------------
Defaulted Leases and Adjusted Contracts Substituted to date, ending -
Percentage of Aggregate Collateral Value at Cut-Off Date (not to exceed 10%) 0.00%
Non Defaulted Leases or Adjusted Contracts Substituted to date, beginning -
Non Defaulted Leases or Adjusted Contracts provided with Substitute Leases -
---------------
Non Defaulted Leases or Adjusted Contracts Substituted to date, ending -
G DISTRIBUTION OF AVAILABLE FUNDS
Unreimbursed Servicer Advances collected -
Servicer Fee 20,102.20
Trustee Fee -
Interest Payments 191,690.93
Regular Principal Payments 7,513,518.29
Additional Principal Payments -
Reserve Fund Deposits -
Residual Account Deposits -
Excess to Issuer 1,665,968.90
---------------
TOTAL DISTRIBUTIONS 9,391,280.33
===============
</TABLE>
<PAGE> 2
GreatAmerica Leasing Receivables 2000-1, LLC
Monthly Servicer Report
Closing Date 06/16/00
Payment Date 06/20/00
Due Period 05/01/00 to 05/31/00
PAYMENTS TO NOTEHOLDERS
<TABLE>
<CAPTION>
Beg of Regular Additional End of
Initial Period Interest Interest Principal Principal Period
Class Balance Balance Rate Paid Paid Paid Balance
-------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 72,247,311.04 72,247,311.04 6.96088 55,878.32 6,430,801.04 - 65,816,510.00
A-2 61,874,575.23 61,874,575.23 7.36000 50,599.65 - - 61,874,575.23
A-3 23,157,735.76 23,157,735.76 7.47000 19,220.92 - - 23,157,735.76
A-4 44,023,820.59 44,023,820.59 7.51000 36,735.43 - - 44,023,820.59
-------------------------------------------------------------------------------------------------------
Total A 201,303,442.62 201,303,442.62 162,434.32 6,430,801.04 - 194,872,641.58
-------------------------------------------------------------------------------------------------------
B 13,267,452.78 13,267,452.78 7.60000 11,203.63 423,839.49 - 12,843,613.29
C 13,870,518.81 13,870,518.81 7.75000 11,944.06 443,104.92 - 13,427,413.89
D 6,754,339.60 6,754,339.60 8.14000 6,108.92 215,772.84 - 6,538,566.76
-------------------------------------------------------------------------------------------------------
Total 235,195,753.81 235,195,753.81 191,690.93 7,513,518.29 - 227,682,235.52
-------------------------------------------------------------------------------------------------------
</TABLE>
Target
Investor
Class Principal Class Class
Class Percentage Amount Percentage Floor
------------------------------------ -------------------------
A 83.45% 194,872,641.58 N/A N/A
B 5.50% 12,843,613.29 3.51% -
C 5.75% 13,427,413.89 2.41% -
D 2.80% 6,538,566.76 1.26% -
<TABLE>
<S> <C>
Monthly Principal Amount 7,706,172.61
Prior Overcollateralization Balance 6,030,660.36
Current Overcollateralization Balance 5,838,006.04
Additional Principal -
</TABLE>
DELINQUENCY AND LOSS INFORMATION
Ending
Number of Contract Balance
Contracts Remaining Percentage
-----------------------------------------
Current 31,742 260,244,515.57 99.61%
31-60 days 157 919,380.67 0.35%
61-90 days 260 92,786.41 0.04%
91-120 days - - 0.00%
> 120 days - - 0.00%
Monthly Delinquency Percentage 0.04%
Aggregate
Losses Recoveries Net Loss Loss Amount
-------------------------------------------------------
4,167.01 1,325.00 2,842.01 2,842.01
RESIDUAL EVENT TRIGGERS
<TABLE>
<CAPTION>
Due Period
Immediately Prior to Immed
Average Past Current Preceeding Preceeding
3 Months Due Period Due Period Due Period Trigger Event?
----------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Residual Realization Percentage N/A 141.06%
Delinquency Percentage N/A 0.04%
Cumulative Net Loss Percentage N/A 0.00%
</TABLE>
The undersigned officer of the Servicer hereby certifies that
the information contained in this Monthly Servicer Report is
true and accurate in all respects.
GreatAmerica Leasing Corporation, as Servicer
By:______________________________________________________
Marcene Tolley
Controller
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