<PAGE>
<TABLE>
Deutsche Bank Securities CMO Model
Price/Yield Report
Bond ID : COMM_TPM A1
Bond Name : A1 (AAA 23.00%)
Original Balance : 148,498,000.00 Current Balance : 148,498,000.00
Original Coupon : 7.287000 % Current Coupon : 7.2870000 %
Deal Description : Comm 2000 C1 (TPM)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Market Levels : TSY03N TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.2300 6.2300 6.2300 6.2350 6.0600 5.7900 5.7090
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Swap Table : SWP01Y SMPO2Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 75.47 75.47 62.33 89.72 95.98 109.31 127.50 129.44 132.25 132.69 132.69 132.69 128.69
Report Generated : Mon Aug 14 11:34:17 2000 /home/emikus/deals/cmbs/comm00c1/comm_tpm.cmo
</TABLE>
<TABLE>
<CAPTION>
TPM_BASE TPM_57A TPM_87B TPM_88A TPM_88B TPM_88C
<S> <C> <C> <C> <C> <C> <C>
99.000000 7.57 7.57 7.57 7.88 10.09 10.66
99.125000 7.54 7.54 7.54 7.84 10.02 10.57
99.250000 7.51 7.51 7.51 7.81 9.95 10.48
99.375000 7.48 7.48 7.48 7.78 9.67 10.38
99.500000 7.45 7.45 7.45 7.74 9.80 10.29
99.825000 7.42 7.42 7.42 7.71 9.73 10.20
99.750000 7.39 7.39 7.39 7.67 9.65 10.10
99.875000 7.35 7.36 7.36 7.64 9.58 10.01
100.000000 7.33 7.33 7.33 7.60 9.51 9.92
100.125000 7.30 7.30 7.30 7.57 9.44 9.83
100.250000 7.28 7.28 7.27 7.53 9.37 9.74
100.375000 7.25 7.25 7.24 7.50 9.30 9.64
100.500000 7.22 7.22 7.22 7.45 9.22 9.55
100.625000 7.19 7.19 7.19 7.43 9.15 9.46
100.750000 7.16 7.16 7.16 7.40 9.08 9.37
100.875000 7.13 7.13 7.13 7.36 9.01 9.28
101.000000 7.10 7.10 7.10 7.33 8.94 9.19
Ave Life 5.600 5.588 5.483 4.833 2.142 1.578
Ave Cashflow 4.935 6.925 4.897 4.224 2.103 1.534
Mod Dur 4.330 4.313 4.253 3.607 1.725 1.350
Window 10/00-9/08 10/00-8/08 10/00-4/08 10/00-8/08 10/00-7/05 10/00-11/04
Sprd/Avl 130.5/av 130.5/av 129.8/av 152.0/av 328.1/av 368.4/av
Sprd/AvCf 176.9/av 126.8/av 126.2/av 149.5/av 327.9/av 368.5/av
Sprd/Tsy 130.0/5.5 130.0/5.5 129.9/5.5 151.2/4.5 327.2/2.0 368.5/1.5
Bond Loss 0.00 0.00 0.00 0.00 0.00 0.00
Call Loss 0.00 0.00 0.00 0.00 0.00 38818702.31
</TABLE>
TPM_BASE : Lockout only; 0% CPR
TPM_87A : Lockout YM only; 25% CPR
TPM_87B : Lockout YM only; 100% CPR
TPM_88A : Lockout only; 25% CPR
TPM_88B : Lockout only; 100% CPR
TPM_88C : Lockout only; 100% CPR; 2% CDR (12 month lag, 70% recovery)
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
Deutsche Bank Securities CMO Model
Price/Yield Report
Bond ID : COMM_TPM A2
Bond Name : A2 (AAA 23.00%)
Original Balance : 542,915,000.00 Current Balance : 542,915,000.00
Original Coupon : 7.455000 % Current Coupon : 7.455000 %
Deal Description : Comm 2000 C1 (TPM)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.2300 6.2300 6.2300 6.2390 6.0600 5.7900 5.7090
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Swap Table : SWP01Y SMPO2Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 75.47 75.47 82.33 89.72 96.98 109.31 127.50 129.44 132.25 132.69 132.69 132.69 128.69
Report Generated : Mon Aug 14 11:34:48 2000 /home/emikus/deals/cmbs/comm00c1/comm_tpo.cmo
</TABLE>
<TABLE>
<CAPTION>
TPM_BASE TPM_87A TPM_87B TPM_88A TPM_88B TPM_88C
<S> <C> <C> <C> <C> <C> <C>
99.500000 7.60 7.60 7.61 7.61 7.61 7.62
99.625000 7.59 7.59 7.59 7.59 7.59 7.60
99.750000 7.57 7.57 7.57 7.57 7.57 7.58
99.875000 7.55 7.55 7.55 7.55 7.55 7.55
100.000000 7.53 7.53 7.53 7.53 7.53 7.53
100.125000 7.51 7.51 7.51 7.51 7.51 7.51
100.250000 7.49 7.49 7.49 7.49 7.49 7.49
100.375000 7.47 7.47 7.47 7.47 7.47 7.47
100.500000 7.45 7.45 7.45 7.45 7.45 7.45
100.625000 7.43 7.43 7.43 7.43 7.43 7.43
100.750000 7.41 7.41 7.41 7.41 7.41 7.41
100.875000 7.39 7.39 7.39 7.39 7.39 7.39
101.000000 7.37 7.37 7.37 7.37 7.37 7.37
101.125000 7.35 7.35 7.35 7.35 7.35 7.35
101.250000 7.33 7.33 7.33 7.33 7.33 7.33
101.375000 7.31 7.31 7.31 7.31 7.31 7.31
101.500000 7.29 7.29 7.29 7.29 7.29 7.29
Ave Life 9.071 9.060 8.819 9.012 8.727 8.342
Ave Cashflow 7.258 7.251 7.088 7.239 7.030 6.792
Mod Dur 6.382 6.376 6.255 6.367 6.204 5.983
Window 8/08-4/10 8/09-4/10 4/08-3/10 8/08-4/10 7/06-3/10 11/04-3/10
Sprd/Avl 160.8/av 160.6/av 159.2/av 160.7/av 158.7/av 157.1/av
Sprd/AvCf 151.0/av 151.0/av 149.9/av 150.9/av 149.5/av 148.7/av
Sprd/Tsy 160.4/9.0 160.4/9.0 160.2/9.0 160.4/9.0 157.5/8.5 157.9/8.5
Bond Loss 0.00 0.00 0.00 0.00 0.00 0.00
Call Loss 0.00 0.00 0.00 0.00 0.00 36818702.31
</TABLE>
TPM_BASE : Lockout only; 0% CPR
TPM_87A : Lockout YM only; 25% CPR
TPM_87B : Lockout YM only; 100% CPR
TPM_88A : Lockout only; 25% CPR
TPM_88B : Lockout only; 100% CPR
TPM_88C : Lockout only; 100% CPR; 2% CDR (12 month lag, 70% recovery)
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond ID : COMM_TPM A4
Bond Name : B (AA/AA 18.75%)
Original Balance : 38,162,000.00 Current Balance : 38,162,000.00
Original Coupon : 7.572000 % Current Coupon : 7.572000 %
Deal Description : Comm 2000 C1 (TPM)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Market Levels : TSY03M TSY06M TSY01Y TST02Y TSY05Y TSY10Y TSY30Y
: 6.2300 6.2300 6.2300 6.2350 6.0600 5.7900 5.7050
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Swap Table : SWP01Y SMPO2Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 75.47 75.47 82.33 89.72 96.98 109.31 127.50 127.44 132.25 132.69 132.69 132.69 128.59
Report Generated : Mon Aug 14 11:34:48 2000 /home/enikus/desla/cmbs/comm00c1/comm_tpo.cmo
</TABLE>
<TABLE>
<CAPTION>
TPM_BASE TPM_67A TPM_87B TPM_88A TPM_88B TPM_88C
<S> <C> <C> <C> <C> <C> <C>
99.500000 7.72 7.72 7.72 7.72 7.72 7.72
99.625000 7.70 7.70 7.70 7.70 7.70 7.70
99.750000 7.69 7.69 7.69 7.69 7.69 7.69
99.875000 7.67 7.67 7.67 7.67 7.67 7.67
100.000000 7.65 7.65 7.65 7.65 7.65 7.65
100.125000 7.63 7.63 7.63 7.63 7.63 7.63
100.250000 7.61 7.61 7.61 7.61 7.61 7.61
100.375000 7.59 7.59 7.59 7.59 7.59 7.59
100.500000 7.57 7.57 7.57 7.57 7.57 7.57
100.623000 7.55 7.55 7.55 7.55 7.55 7.55
100.750000 7.53 7.53 7.53 7.53 7.53 7.53
100.875000 7.52 7.52 7.52 7.52 7.52 7.52
100.000000 7.50 7.50 7.50 7.50 7.50 7.50
101.125000 7.48 7.48 7.48 7.48 7.48 7.48
101.250000 7.46 7.46 7.46 7.46 7.46 7.46
101.375000 7.44 7.44 7.44 7.44 7.44 7.44
101.500000 7.42 7.42 7.42 7.42 7.42 7.42
Ave Life 9.569 9.569 9.486 9.569 9.486 9.486
Ave Cashflow 7.572 7.572 7.516 7.572 7.516 7.516
Mod Dur 6.592 6.592 6.553 6.592 6.553 6.553
Window 4/10-4/10 4/10-4/10 3/10-3/10 4/10-4/10 3/10-3/10 3/10-3/10
Sprd/Avl 175.9/av 175.9/av 175.4/av 175.9/av 175.4/av 175.4/av
Sprd/AvCf 185.1/av 185.1/av 164.8/av 165.1/av 164.8/av 164.8/av
Sprd/Tsy 175.5/9.5 175.5/9.5 175.5/9.5 175.5/9.5 175.5/9.5 175.5/9.5
Bond Loss 0.00 0.00 0.00 0.00 0.00 0.00
Call Loss 0.00 0.00 0.00 0.00 0.00 36816702.31
</TABLE>
TPM_BASE : Lockout only; 0% CPR
TPM_87A : Lockout YM only; 25% CPR
TPM_87B : Lockout YM only; 100% CPR
TPM_88A : Lockout only; 25% CPR
TPM_88B : Lockout only; 100% CPR
TPM_88C : Lockout only; 100% CPR; 2% CDR (12 month lag, 70% recovery)
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
Deutsche Bank Securities CMO Model
Price/Yield Report
Bond ID : COMM_TFM A5
Bond Name : C (A/A 14.375%)
Original Balance : 39,284,000.00 Current Balance : 38,284,000.00
Original Coupon : 7.713000 % Current Coupon : 7.713000 %
Deal Description : Comm 2000 C1 (TFM)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Market Levels : TSY03M TSY06M TSY01Y TST02Y TSY05Y TSY10Y TSY30Y
: 6.2300 6.2300 6.2300 6.2350 6.0600 5.7900 5.7090
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Swap Table : SWP01Y SWPO2Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 75.47 75.47 82.33 89.72 96.98 109.31 127.50 129.44 132.25 132.69 132.69 132.69 128.69
Report Generated : Mon Aug 14 11:34:48 2000 /home/enikus/desla/cmbs/comm00c1/comm_tpo.cmo
</TABLE>
<TABLE>
<CAPTION>
TFM_BASE TFM_57A TFM_87B TFM_88A TFM_88B TFM_88C
<S> <C> <C> <C> <C> <C> <C>
99.500000 7.87 7.87 7.87 7.87 7.87 7.87
99.625000 7.85 7.85 7.85 7.85 7.85 7.85
99.750000 7.83 7.83 7.83 7.83 7.83 7.83
99.875000 7.81 7.81 7.81 7.81 7.81 7.81
100.000000 7.79 7.79 7.79 7.79 7.79 7.79
100.125000 7.77 7.77 7.77 7.77 7.77 7.77
100.250000 7.75 7.75 7.75 7.75 7.75 7.75
100.375000 7.74 7.74 7.73 7.74 7.73 7.73
100.500000 7.72 7.72 7.72 7.72 7.72 7.72
100.625000 7.70 7.70 7.70 7.70 7.70 7.70
100.750000 7.68 7.68 7.68 7.68 7.68 7.68
100.875000 7.66 7.66 7.66 7.66 7.66 7.66
100.000000 7.64 7.64 7.64 7.64 7.64 7.64
101.125000 7.62 7.62 7.62 7.62 7.62 7.62
101.250000 7.61 7.60 7.60 7.60 7.60 7.60
101.375000 7.59 7.59 7.58 7.59 7.58 7.58
101.500000 7.57 7.57 7.56 7.57 7.56 7.57
Ave Life 9.674 9.644 9.517 9.524 9.502 9.534
Ave Cashflow 7.620 7.600 7.515 7.587 7.506 7.527
Mod Dur 6.597 6.584 6.525 6.575 6.518 6.512
Window 4/10-6/10 4/10-6/10 3/10-4/20 4/10-5/10 3/10-4/10 3/10-4/10
Sprd/Avl 191.0/av 190.8/av 190.0/av 190.6/av 189.9/av 190.1/av
Sprd/AvCE 179.9/av 179.7/av 179.2/av 179.6/av 175.1/av 179.2/av
Sprd/Tsy 190.0/9.5 190.0/9.5 189.9/9.5 190.0/9.5 189.5/9.5 189.9/9.5
Bond Loss 0.00 0.00 0.00 0.00 0.00 0.00
Call Loss 0.00 0.00 0.00 0.00 0.00 36818702.31
</TABLE>
TFM_BASE : Lockout only; 0% CPR
TFM_87A : Lockout YM only; 25% CPR
TFM_87B : Lockout YM only; 100% CPR
TFM_88A : Lockout only; 25% CPR
TFM_88B : Lockout only; 100% CPR
TFM_88C : Lockout only; 100% CPR; 2% CPR (12 month lag, 70% recovery)
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond ID : COMM_TPM A6
Bond Name : D (A-/A- 12.875%)
Original Balance : 13,469,000.00 Current Balance : 13,469,000.00
Original Coupon : 7.807000 % Current Coupon : 7.807000 %
Deal Description : Comm 2000 C1 (TPM)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Market Levels : TSY03M TSY06M TSY01Y TST02Y TSY05Y TSY10Y TSY30Y
: 6.2300 6.2300 6.2300 6.2390 6.0600 5.7900 5.7090
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Swap Table : SWP01Y SMPO2Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 75.47 75.47 82.33 89.72 96.98 109.31 127.50 129.44 132.25 132.69 132.69 132.69 128.69
Report Generated : Mon Aug 14 11:34:49 2000 /home/enikus/deals/cmbs/comm00c1/comm_tpo.cmo
</TABLE>
<TABLE>
<CAPTION>
TPM_BASE TPM_87A TPM_87B TPM_88A TPM_88B TPM_88C
<S> <C> <C> <C> <C> <C> <C>
99.300000 7.95 7.96 7.97 7.96 7.97 7.97
99.625000 7.95 7.95 7.95 7.93 7.95 7.95
99.750000 7.93 7.93 7.93 7.93 7.93 7.93
99.875000 7.91 7.91 7.91 7.91 7.91 7.91
100.000000 7.89 7.89 7.89 7.89 7.89 7.89
100.125000 7.87 7.87 7.87 7.87 7.87 7.87
100.250000 7.85 7.85 7.85 7.85 7.85 7.85
100.375000 7.83 7.83 7.83 7.83 7.83 7.83
100.500000 7.81 7.81 7.81 7.81 7.81 7.81
100.625000 7.79 7.79 7.79 7.79 7.79 7.79
100.750000 7.78 7.78 7.77 7.78 7.77 7.77
100.875000 7.76 7.76 7.76 7.76 7.76 7.76
100.000000 7.74 7.74 7.74 7.74 7.74 7.74
100.125000 7.72 7.72 7.72 7.72 7.72 7.72
100.250000 7.70 7.70 7.70 7.70 7.70 7.70
100.375000 7.68 7.68 7.68 7.68 7.68 7.68
101.500000 7.66 7.66 7.66 7.66 7.66 7.66
Ave Life 9.636 9.736 9.569 9.725 9.569 9.569
Ave Cashflow 7.647 7.647 7.537 7.640 7.537 7.537
Mod Dur 6.597 6.597 6.521 6.592 6.521 6.521
Window 6/10-6/10 6/10-6/10 4/10-4/10 5/10-6/10 4/10-4/10 4/10-4/10
Sprd/Avl 200.9/av 200.9/av 199.9/av 200.9/av 199.9/av 199.9/av
Sprd/AvCf 189.7/av 189.7/av 188.9/av 189.6/av 188.9/av 188.9/av
Sprd/Tsy 199.7/9.5 199.7/9.5 199.5/9.5 199.7/9.5 199.7/9.5 199.7/9.5
Bond Loss 0.00 0.00 0.00 0.00 0.00 0.00
Call Loss 0.00 0.00 0.00 0.00 0.00 36815702.31
</TABLE>
TPM_BASE : Lockout only; 0% CPR
TPM_87A : Lockout YM only; 25% CPR
TPM_87B : Lockout YM only; 100% CPR
TPM_88A : Lockout only; 25% CPR
TPM_88B : Lockout only; 100% CPR
TPM_88C : Lockout only; 100% CPR; 2% CDR (12 month lag, 70% recovery)
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
<CAPTION>
Deutsche Bank Securities CMO Model
Price / Yield Report
<S> <C> <C> <C>
Bond Id : COMM_TPM A7
Bond Type : WAC
Bond Name : E (BBB 10.00%)
Original Balance : 25,815,000.00 Currrent Balance : 25,815,000.00
Original Coupon : 8.159199% Current Coupon : 8.159199%
Deal Description : Comm 2000 C1 (TPM)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Market Levels : TSY03N TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.2300 6.2300 6.2300 6.2390 6.0600 5.7900 5.7090
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 75.47 75.47 82.33 89.72 95.98 109.31 127.50 129.41 132.25 132.69 132.69 132.69 128.59
Report Generated : Mon Aug 14 11:34:50 2000 /home/emikus/deals/cmbs/comm00c1/comm_tpm.cuo
TPM_BASE TPM_87A TPM_87B TPM_88A TFM_88B TPM_88C
99.250000 8.51 8.51 8.51 8.52 8.57 8.57
99.375000 8.49 8.49 8.49 8.50 8.55 8.55
99.500000 8.47 8.47 8.47 8.48 8.53 8.53
99.625000 8.45 8.45 8.45 8.45 8.51 8.51
99.750000 8.43 8.43 8.43 8.44 8.49 8.49
99.875000 8.41 8.41 8.41 8.42 8.47 8.47
100.000000 8.39 8.39 8.39 8.40 8.43 8.45
100.125000 8.37 8.37 8.37 8.39 8.43 8.43
100.250000 8.35 8.35 8.36 8.37 8.41 8.41
100.375000 8.33 8.33 8.34 8.35 8.39 8.39
100.500000 8.31 8.31 8.32 8.33 8.37 8.37
100.625000 8.30 8.30 8.30 8.31 8.35 8.35
100.750000 8.28 8.28 8.28 8.29 8.34 8.34
100.675000 8.26 8.26 8.26 8.27 8.32 8.32
101.000000 8.24 8.24 8.24 8.25 8.30 8.30
101.125000 8.22 8.22 8.22 8.23 8.28 8.28
101.250000 8.20 8.20 8.20 8.21 8.26 8.26
Ave Life 9.736 9.736 9.569 9.736 9.569 9.569
Ave Cashflow 7.583 7.582 7.473 7.580 7.463 7.463
Mod Dur 6.452 6.452 6.380 6.448 6.362 6.362
Window 6/10-6/10 6/10-6/10 4/10-4/10 5/10-5/10 4/10-4/10 4/10-4/10
Sprd/Avl 254.8/av 254.8/av 254.2/av 256.2/av 260.0/av 260.0/av
Sprd/AvCf 243.2/av 243.2/av 242.9/av 244.5/av 248.6/av 248.6/av
Sprd/Tsy 253.6/9.5 253.6/9.5 253.8/9.5 254.9/9.5 259.6/9.5 259.6/9.5
Bond Loss 0.00 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 0.00 0.00 0.00 0.00 36618702.31
TPM_BASE : Lockout only/ 0% CPR
TPM_STA : Lockout YM only/ 25% CPR
TPM_STB : Lockout YM only/ 100% CPR
TPM_SSA : Lockout only/ 25% CPR
TPM_SSB : Lockout only/ 100% CPR
TPM_SSC : Lockout only/ 100% CDR/ 2% CDR (12 month lag, 70% recovery)
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
<CAPTION>
Deutsche Bank Securities CMD Model
Price / Yield Report
<S> <C> <C> <C>
Bond Id : COMM_TPN A8
Bond Type : WAC
Bond Name : F (BBB- 8.75%)
Original Balance : 11,224,000.00 Current Balance : 11,224,000.00
Original Coupon : 8.159199% Current Coupon : 8.159159%
Deal Description : Comm 2000 C1 (TPM)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.2300 6.2300 6.2300 6.2390 6.0600 5.7900 5.7090
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 75.47 75.47 82.33 89.72 95.98 109.31 127.50 129.44 132.25 132.69 132.69 132.69 128.69
Report Generated : Mon Aug 14 11:34:51 2000 /home/emikus/deals/cmbs/comm00c1/comm_tpm.cmo
TPM_BASE TPM_67A TPM_67B TPM_68A TPM_68B TPM_68C
99.000000 8.70 8.70 8.71 8.72 8.77 8.77
99.125000 8.68 8.68 8.69 8.70 8.75 8.75
99.250000 8.66 8.67 8.67 8.68 8.73 8.73
99.375000 8.65 8.65 8.65 8.66 8.71 8.71
99.500000 8.63 8.63 8.63 8.64 8.69 8.69
99.625000 8.61 8.61 8.61 8.62 8.67 8.67
98.750000 8.59 8.59 8.59 8.60 8.65 8.65
98.875000 8.57 8.57 8.57 8.58 8.53 8.63
99.000000 8.55 8.55 8.55 8.56 8.61 8.61
99.125000 8.53 8.53 8.53 8.54 8.59 8.59
99.250000 8.51 8.51 8.51 8.52 8.57 8.57
99.375000 8.49 8.49 8.49 8.50 8.55 8.55
99.500000 8.47 8.47 8.47 8.48 8.53 8.53
99.625000 8.45 8.45 8.45 8.46 8.51 8.51
99.750000 8.43 8.43 8.43 8.44 8.49 8.49
99.875000 8.41 8.41 8.41 8.42 8.47 8.47
100.000000 8.39 8.39 8.39 8.40 8.45 8.45
Ave Life 9.736 9.736 9.569 9.736 9.569 9.569
Ave Cashflow 7.582 7.582 7.473 7.580 7.463 7.463
Mod Dur 6.425 6.426 6.353 6.422 6.336 6.336
Window 6/10-6/10 6/10-6/10 4/10-4/10 6/10-6/10 4/10-4/10 4/10-4/10
Sprd/Av1 274.3/av 274.3/av 273.6/av 275.6/av 279.6/av 279.6/av
Sprd/AvCf 262.6/av 262.6/av 263.5/av 264.0/av 268.3/av 268.3/av
Sprd/Tay 273.0/9.5 273.0/9.5 273.5/9.5 274.3/9.5 279.3/9.5 279.3/9.5
Bond Loss 0.00 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 0.00 0.00 0.00 0.00 36816702.31
TPM_BASE : Lockout only/ 0% CPR
TPM_67A : Lockout YM only/ 25% CPR
TPM_67B : Lockout YM only/ 100% CPR
TPM_68A : Lockout only/ 25% CPR
TPM_68B : Lockout only/ 100% CPR
TPM_68C : Lockout only/ 100% CPR/ 2% CTR (12 month lag, 70% recovery)
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
<CAPTION>
Deutsche Bank Securities CMD Model
Price / Yield Report
<S> <C> <C> <C>
Bond Id : COMM_TPM X
Bond Type : WACIO
Bond Name : X (AAA/AAA IO)
Original Balance : 897,940,215.43 Currrent Balance : 897,940,215.43
Original Coupon : 0.734335% Current Coupon : 0.734335%
Deal Description : Comm 2000 C1 (TPM)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.2300 6.2300 6.2300 6.2390 6.0600 5.7900 5.7090
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 75.47 75.47 82.33 89.72 95.98 109.31 117.50 129.44 132.25 132.69 132.69 132.69 125.69
Report Generated : Mod Aug 14 11:34:56 2000 /home/emikus/deals/cmbs/comm00c1/comm_tpm.cmo
TPM_BASE TTM_67A TPM_67B TPM_68A TFM_68B TPM_68C
4.000000 15.36 15.35 15.05 15.35 15.01 12.97
4.125000 14.46 14.45 14.13 14.45 14.11 12.05
4.250000 13.60 13.59 13.27 13.59 13.73 11.17
4.375000 12.78 12.77 12.44 12.76 12.40 10.33
4.500000 12.00 11.99 11.65 11.98 11.60 9.54
4.625000 11.25 11.24 10.89 11.23 10.83 8.77
4.750000 10.54 10.52 10.17 10.51 10.10 8.04
4.875000 9.85 9.83 9.47 9.82 9.40 7.34
5.000000 9.19 9.17 8.81 9.15 8.72 6.66
5.125000 8.55 8.54 8.17 8.52 8.07 6.02
5.250000 7.94 7.92 7.55 7.90 7.45 5.39
5.375000 7.35 7.34 6.95 7.31 6.85 4.79
5.500000 6.79 6.77 6.38 6.74 6.27 4.21
5.625000 6.24 6.22 5.82 6.19 5.71 3.65
5.750000 5.71 5.69 5.29 5.66 5.17 3.11
5.875000 5.19 5.17 4.77 5.14 4.65 2.59
6.000000 4.70 4.68 4.26 4.65 4.14 2.09
Ave Life 8.775 8.764 8.564 8.594 7.955 7.411
Ave Cashflow 4.703 4.698 4.599 4.687 4.587 4.395
Mod Dur 3.832 3.830 3.791 3.813 3.753 3.757
Window 10/00-1/24 10/00-1/24 10/00-8/23 10/00-1/24 10/00-8/23 10/00-1/21
Sprd/Avl 333.3/av 331.5/av 293.9/av 328.8/av 282.3/av 73.4/av
Sprd/AvCf 311.2/av 309.4/av 272.3/av 307.5/av 263.9/av 55.8/av
Sprd/Tsy 334.5/9.0 332.8/9.0 293.8/8.5 326.3/8.5 292.5/8.0 73.9/7.5
Sond Loss 0.00 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 0.00 0.00 0.00 0.00 35815702.31
TPM_BASE : Lockout only/ 0% CPR
TPM_67A : Lockout YM only/ 25% CPR
TPM_67B : Lockout YM only/ 100% CPR
TPM_68A : Lockout only/ 25% CPR
TPM_68B : Lockout only/ 100% CPR
TPM_68C : Lockout only/ 100% CPR/ 2% CDR (12 month lag, 70% recovery)
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
<CAPTION>
Deutsche Bank Securities CMO Model
Price / Yield Report
<S> <C> <C> <C>
Bond Id : TO_RID X
Bond Type : WACIO
Bond Name : X (AAA/AAA IO)
Original Balance : 897,940,215.43 Currrent Balance : 897,940,215.43
Original Coupon : 0.734335% Current Coupon : 0.734335%
Deal Description : Comm 2000 C1 (TPM)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Market Levels : TSY03N TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.2300 6.2300 6.2300 6.2390 6.0600 5.7900 5.7090
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 75.47 75.47 82.33 89.72 96.98 109.31 127.50 129.44 132.25 132.69 132.69 132.69 128.69
Report Generated : Mod Aug 14 11:34:50 2000 /boma/emikus/deals/cnbs/comm00c1/comm_tpm.cuo
X1 X2 X3 X4 X5 X6 X7 X8 X9 X10
3.885436 13.923 16.233 15.390 14.852 14.310 13.767 14.994 14.937 14.823 14.767
4.010436 14.968 15.288 14.430 13.887 13.340 12.791 14.031 13.974 13.858 13.801
4.135436 14.060 14.389 13.518 12.970 13.418 11.864 13.116 13.058 12.941 12.883
4.260436 11.196 13.534 12.650 12.097 11.540 10.981 12.245 12.186 12.067 12.009
4.385436 12.372 12.718 11.822 11.254 10.703 10.140 11.414 11.354 11.235 11.175
4.510436 11.585 11.938 11.030 10.469 9.903 9.336 10.620 10.560 10.439 10.379
4.635036 10.612 11.193 10.273 9.708 9.136 8.567 9.861 9.800 9.678 9.617
4.760436 10.110 10.479 9.548 8.979 8.406 7.830 9.133 9.072 8.949 8.888
4.885436 9.418 9.794 8.852 8.280 7.703 7.123 8.435 8.373 8.249 8.188
5.010436 8.752 9.115 8.184 7.609 7.028 6.445 7.765 7.702 7.577 7.515
5.135416 8.113 8.503 7.541 6.963 6.378 5.792 7.120 7.057 6.932 6.868
5.260436 7.497 7.893 6.922 6.341 5.753 5.164 6.500 6.436 6.309 6.246
5.385836 6.903 7.306 6.326 5.741 5.151 4.558 5.901 5.837 5.709 5.646
5.510436 6.330 6.739 5.750 5.163 4.570 3.974 5.324 5.260 5.131 5.067
5.635436 5.777 6.192 5.195 4.605 4.009 3.410 4.767 4.702 4.572 4.508
5.760436 5.242 5.663 4.658 4.065 3.467 2.865 4.228 4.163 4.032 3.968
5.885436 4.724 5.152 4.138 3.543 2.942 2.338 3.707 3.641 3.510 3.445
Ave Life 8.564 8.775 8.392 8.226 6.067 7.913 8.226 8.226 8.226 8.226
Ave Cashflow 4.599 4.703 4.520 4.440 4.361 4.282 4.464 4.455 4.436 4.426
Mod Dur 3.741 3.781 3.724 3.705 3.686 3.666 3.732 3.709 3.704 3.701
Window 10/00-8/23 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24
Sprd/Av1 355.0/av 393.7/av 297.6/av 239.4/av 180.8/av 122.1/av 255.0/av 248.8/av 236.3/av 230.2/av
Sprd/Avcf 333.4/av 371.6/av 276.4/av 218.7/av 160.5/av 102.0/av 234.3/av 228.1/av 215.5/av 209.3/av
Sprd/Tsy 354.7/8.5 395.0/9.0 298.1/8.5 238.2/8.0 180.5/8.0 122.5/8.0 253.7/8.0 247.5/8.0 235.1/8.0 229.0/8.0
Bond Loss 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 0.00 18106783.96 3523305.89 51432361.49 66753121.05 10066735.62 20133422.98 40266541.31 50332882.45
X1 : Lockout YM only; 100% CPR
X2 : Lockout YM only; 0% CPR
X3 : Lockout YM only; 100% CPR; 0% CDR FOR 24 Months, 3% CDR, 65% Recovery, 12 Month Lag
X4 : Lockout YM only; 100% CPR; 0% CDR FOR 24 Months, 2% CDR, 65% Recovery, 12 Month Lag
X5 : Lockout YM only; 100% CPR; 0% CDR FOR 24 Months, 3% CDR, 65% Recovery, 12 Month Lag
X6 : Lockout YM only; 100% CPR; 0% CDR FOR 24 Months, 4% CDR, 65% Recovery, 12 Month Lag
X7 : Lockout YM only; 100% CPR; 0% CDR FOR 24 Months, 2% CDR, 90% Recovery, 12 Month Lag
X8 : Lockout YM only; 100% CPR; 0% CDR FOR 24 Months, 2% CDR, 80% Recovery, 12 Month Lag
X9 : Lockout YM only; 100% CPR; 0% CDR FOR 24 Months, 2% CDR, 60% Recovery, 12 Month Lag
X10 : Lockout YM only; 100% CPR; 0% CDR FOR 24 Months, 2% CDR, 50% Recovery, 12 Month Lag
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
<CAPTION>
Deutsche Bank Securities CMO Model
Price / Yield Report
<S> <C> <C> <C>
Bond Id : IORIRIZ X
Bond Type : WACIO
Bond Name : X (AAA/AAA IO)
Original Balance : 897,940,215.43 Currrent Balance : 897,940,215.43
Original Coupon : 0.734335% Current Coupon : 0.734335%
Deal Description : Comm 2000 C1 (TPN)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Market Levels : TSY03M TSY06M TSY01Y TSY02Y T5Y05Y T5810Y TSY30Y
: 6.2300 6.2300 6.2300 6.2390 6.0600 5.7900 5.7090
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 75.47 75.47 82.33 89.72 96.98 109.31 127.50 129.44 132.25 132.69 132.69 132.69 128.69
Report Generated : Tue Aug 15 11:51:26 2000 /home/emikus/deals/cmbs/comm00c1/comm_tpm.cuo
MD1 MD2 MD3 MD4 MD5 MD6
4.635436 10.832 11.193 9.751 8.649 10.040 9.234
4.666686 10.648 11.012 9.568 8.465 9.856 9.050
4.697936 10.467 10.832 9.386 8.284 9.674 8.867
4.729186 10.288 10.655 9.207 8.104 9.494 8.686
4.760436 10.110 10.479 9.029 7.927 9.315 8.507
4.791686 9.934 10.305 8.854 7.751 9.139 8.330
4.822936 9.760 10.133 8.680 7.577 8.964 8.155
4.854186 9.588 9.962 8.507 7.405 8.792 7.982
4.885436 9.418 9.794 8.337 7.234 8.621 7.840
4.916686 9.249 9.627 8.168 7.065 8.451 7.810
4.947936 9.082 9.461 8.001 6.898 8.284 7.472
4.979186 8.916 9.298 7.836 6.733 8.118 7.305
5.010436 8.752 9.135 7.672 6.569 7.953 7.140
5.041686 8.590 8.975 7.510 6.407 7.790 6.977
5.072936 8.429 8.816 7.349 6.246 7.629 6.815
5.104186 8.270 8.658 7.190 6.087 7.470 6.655
5.135436 8.113 8.503 7.032 5.930 7.311 6.496
Ave Life 8.564 8.775 8.265 7.980 8.333 8.112
Ave Cashflow 4.599 4.703 4.497 4.393 4.506 4.413
Mod Dur 3.741 3.781 3.742 3.742 3.729 3.716
Window 10/00-8/33 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24
Sprd/Av1 355.0/av 393.7/av 245.3/av 133.5/av 274.1/av 191.8/av
Sprd/Avcf 333.4/av 371.6/av 234.7/av 113.8/av 253.1/av 171.5/av
Sprd/Tsy 354.7/8.5 395.0/9.0 246.6/8.5 133.6/8.0 275.0/8.0 191.2/8.0
Bond Loss 0.00 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 0.00 23944612.24 46172481.32 21025344.73 40727950.77
MD1 : Lockout YN only; 100% CPR
MD2 : Lockout YN only; 0% CPR
MD3 : Lockout YN only; 100% CPR; 1% CDR, 65% Recovery, 12 Month Lag
MD4 : Lockout YN only; 100% CPR; 2% CDR, 65% Recovery, 12 Month Lag
MD5 : Lockout YM only; 100% CPR; 0% CDR FOR 12 Months, 1% CDR, 65% Recovery, 12 Month Lag
MD6 : Lockout YM only; 100% CPR; 0% CDR FOR 12 Months, 2% CDR, 65% Recovery, 12 Month Lag
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond Id : IORIDE X
Bond Type : WACI0
Bond Name : X (AAA/AAA I0)
Original Balance : 897,940,215.43 Current Balance : 897,940,215.43
Original Coupon : 0.734335% Current Coupon : 0.734335%
Deal Description : Comm 2000 C1 (TPM)
Orig. Cutoff Date : 9/1/00 Rated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
Market Levels : TSY03M TSY06M TSY01Y YSY02Y TSY05Y TSY10Y TSY30Y
: 6.2300 6.2300 6.2300 6.2390 6.0600 5.7900 5.7090
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 75.47 75.47 82.33 89.72 96.98 109.31 127.50 129.44 132.25 132.69 132.69 132.69 128.69
Report Generated : Fri Aug 18 14:18:29 2000 /home/emikus/deals/cmbs/comm00c1/comm_tpm.cmo
</TABLE>
<TABLE>
<CAPTION>
MD1 MD7 MD8 MD9 MD10 MD11 MD12 MD13 MD14
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
4.635436 10.832 9.381 8.567 9.309 8.500 9.451 8.639 9.652 8.858
4.666686 10.648 9.198 8.383 9.126 8.316 9.267 8.454 9.468 8.673
4.697936 10.467 9.017 8.302 8.944 8.134 9.085 8.272 9.285 8.490
4.729186 10.788 8.838 8.022 8.765 7.954 8.906 8.092 9.105 8.309
4.760436 10.110 8.661 7.845 8.587 7.775 8.728 7.913 8.927 8.130
4.791686 9.934 8.486 7.669 8.411 7.599 8.552 7.736 8.750 7.953
4.812936 9.760 8.312 7.495 8.237 7.424 8.378 7.562 8.576 7.778
4.854186 9.588 8.141 7.322 8.065 7.251 8.205 7.389 8.403 7.604
4.885636 9.418 7.971 7.152 7.894 7.060 8.035 7.217 8.332 7.433
4.916686 9.249 7.803 6.983 7.725 6.910 7.866 7.048 8.062 7.263
4.947936 9.082 7.636 6.816 7.558 6.743 7.698 6.880 7.895 7.094
4.979186 8.916 7.471 6.650 7.393 6.577 7.533 6.714 7.729 6.928
5.010436 8.752 7.308 6.486 7.229 6.412 7.369 6.569 7.564 6.763
5.041686 8.590 7.146 6.324 7.056 6.249 7.206 6.385 7.401 6.599
5.072936 8.429 6.986 6.163 6.906 6.088 7.046 6.225 7.240 6.437
5.104186 8.370 6.327 6.004 6.747 5.928 6.886 6.065 7.080 6.277
5.135636 8.113 6.670 5.847 6.589 5.770 6.728 5.906 6.922 6.118
Ave Life 8.564 8.212 7.995 8.110 7.898 8.184 7.968 8.140 7.928
Ave Cashflow 4.599 4.481 4.386 4.459 4.364 4.468 4.373 4.473 4.380
Mod Dur 3.741 3.753 3.740 3.740 3.726 3.737 3.724 3.727 3.714
Window 10/00-8/23 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24
Sprd/Av1 355.0/av 208.4/av 125.3/av 200.2/av 117.6/av 214.6/av 131.8/av 234.1/av 153.1/av
Sprd/Avef 333.4/av 188.0/av 105.5/av 180.2/av 98.2/av 194.3/av 113.0/av 214.0/av 133.6/av
Sprd/Tay 354.7/8.5 207.3/8.0 175.4/8.0 199.6/8.0 118.2/8.0 213.7/8.0 131.9/8.0 233.4/8.0 153.5/8.0
Bond Lose 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 29660430.98 48977761.71 35260266.33 54129589.87 33451383.74 52577880.96 28509063.70 47306749.97
</TABLE>
MD1 :Lockout YM only; 100% CPR
MD7 :Lockout YM only; 100% CPR; 0% CDR FOR 12 Months, 1% CDR, 65% Recovery,
12 Month Lag; Default Self Storage Loans (JPK's 1028, 1057, 1072, 1074,
1096, 1098, 1104) in Month 13, 12 month lag, 50% Recovery
MD8 :Lockout YM only; 100% CPR; 0% CDR FOR 12 Months, 2% CDR, 65% Recovery,
12 Month Lag; Default Self Storage Loans (JPK's 1028, 1057, 1072, 1074,
1096, 1098, 1104) in Month 13, 12 month lag, 50% Recovery
MD9 :Lockout YM only; 100% CPR; 0% CDR FOR 12 Months, 1% CDR, 65% Recovery,
12 Month Lag; Default Detroit M%C Loans (ABN's 1, 9) in Month 25, 12
month lag, 60% Recovery
MD10 :Lockout YM only; 100% CPR; 0% CDR FOR 12 Months, 2% CDR, 65% Recovery,
12 Month Lag; Default Detroit MAC Loans (ABN's 1, 9) in Month 25, 12
month lag, 60% Recovery
MD11 :Lockout YM only; 100% CPR; 0% CDR FOR 12 Months, 1% CDR, 65% Recovery,
12 Month Lag; Default Las Vegas Apartment Loans (TA3468, TA9754) in
Month 25, 12 month lag, 55% Recovery
MD12 :Lockout YM only; 100% CPR; 0% CDR FOR 12 Months, 2% CDR, 65% Recovery,
12 Month Lag; Default Las Vegas Apartment Loans (TA3468, TA9754) in
Month 25, 12 month lag, 55% Recovery
MD13 :Lockout YM only; 100% CPR; 0% CDR FOR 12 Months, 1% CDR, 65% Recovery,
12 Month Lag; Default Crystal Park Loans (GA6335) in Month 25, 24 month
lag, 79.5% Recovery on A Piece (Approx. 60% Recovery on Total Loan)
MD14 :Lockout YM only; 100% CPR; 0% CDR FOR 12 Months, 2% CDR, 65% Recovery,
12 Month Lag; Default Crystal Park Loans (GA6335) in Month 25, 24 month
lag, 79.5% Recovery on A Piece (Approx. 60% Recovery on Total Loan)
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
Deutsche Bank Securities CMO Model
Price / Yield Report
<TABLE>
<S> <C> <C> <C>
Bond Id : COMM_SCOTT0906R A1
Bond Name : A1 (AAA 23.00%)
Original Balance : 148,498,000.00 Current Balance : 148,498,000.00
Original Coupon : 7.202000 % Current Coupon : 7.202000 %
Deal Description : Comm 2000 C1 (SCOTT0906)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.2300 6.2800 6.1800 6.1000 5.9200 5.7000 5.6800
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP30Y SWP40Y
: 74.34 73.00 82.00 88.00 96.00 108.00 126.00 130.00 124.69
Report Generated : Thu Sep 7 13:21:48 2000 /home/emikus/deals/cmbs/comm00c1/comm_scott0906r.cmo
0.0 25.0 50.0 75.0 100.0
99-08 7.42 7.42 7.42 7.42 7.42
99-12 7.39 7.39 7.39 7.39 7.39
99-16 7.36 7.36 7.36 7.36 7.36
99-20 7.33 7.33 7.33 7.33 7.33
99-24 7.30 7.30 7.30 7.30 7.30
99-28 7.28 7.28 7.27 7.27 7.27
100-00 7.25 7.25 7.25 7.25 7.25
100-04 7.22 7.22 7.22 7.22 7.22
* 100-08 7.19 7.19 7.19 7.19 7.19
100-12 7.16 7.16 7.16 7.16 7.16
100-16 7.13 7.13 7.13 7.13 7.13
100-20 7.10 7.10 7.10 7.10 7.10
100-24 7.07 7.07 7.07 7.07 7.07
100-28 7.05 7.05 7.05 7.04 7.04
101-00 7.02 7.02 7.02 7.02 7.01
101-04 6.99 6.99 6.99 6.99 6.98
101-08 6.96 6.96 6.96 6.96 6.96
Ave Life 5.600 5.588 5.574 5.552 5.483
Ave Cashflow 4.940 4.931 4.918 4.900 4.843
Mod Dur 4.337 4.330 4.322 4.310 4.270
Window 10/00-9/08 10/00-8/08 10/00-8/08 10/00-7/08 10/00-4/08
Sprd/Avl 129.5/av 129.5/av 129.4/av 129.2/av 128.8/av
Sprd/AvCf 126.5/av 126.5/av 126.4/av 126.2/av 125.8/av
Sprd/Tsy 129.1/5.5 129.1/5.5 129.1/5.5 129.0/5.5 128.9/5.5
Bond Loss 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 0.00 0.00 0.00 0.00
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
<CAPTION>
Deutsche Bank Securities CMO Model
Price / Yield Report
<S> <C> <C> <C>
Bond Id : COMM_SCOTT0906R A3
Bond Name : A2 (AAA 23.00%)
Original Balance : 542,915,000.00 Currrent Balance : 542,915,000.00
Original Coupon : 7.363000% Current Coupon : 7.343000%
Deal Description : Comm 2000 C1 (ECOTT0906)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.2300 6.2300 6.1800 6.1000 5.9200 5.7000 5.6800
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP30Y SWP40Y
: 74.34 73.00 82.00 88.00 96.00 108.00 126.00 130.00 124.69
Report Generated : Thu Sep 7 12:10:39 2000 /home/emikus/deals/cmbs/comm00c1/comm_scott0906.cmo
0.0 25.0 50.0 75.0 100.0
99.16 7.49 7.49 7.49 7.49 7.49
99.20 7.47 7.47 7.47 7.47 7.47
99.24 7.45 7.45 7.45 7.45 7.45
99.28 7.43 7.43 7.43 7.43 7.43
100.00 7.41 7.41 7.41 7.41 7.41
100.04 7.39 7.39 7.39 7.39 7.39
100.08 7.37 7.37 7.37 7.37 7.37
100.12 7.35 7.35 7.35 7.35 7.35
100.16 7.33 7.33 7.33 7.33 7.33
100.20 7.31 7.31 7.31 7.31 7.31
100.24 7.30 7.30 7.30 7.29 7.29
100.28 7.28 7.28 7.28 7.28 7.27
101.00 7.26 7.26 7.26 7.26 7.25
101.04 7.24 7.24 7.24 7.24 7.23
101.08 7.22 7.22 7.22 7.22 7.21
101.12 7.20 7.20 7.20 7.20 7.19
101.16 7.18 7.18 7.18 7.18 7.18
Ave Life 9.071 9.060 9.045 9.021 8.819
Ave Cashflow 7.275 7.267 7.257 7.241 7.203
Mod Dur 6.414 6.408 6.400 6.369 6.285
Window 9/08-4/10 8/08-4/10 8/08-4/10 7/08-4/10 4/08-4/10
Sprd/Avl 159.3/av 159.3/av 159.2/av 159.1/av 158.0/av
Sprd/AvCF 151.4/av 151.4/av 151.3/av 151.2/av 150.4/av
Sprd/Tsy 159.0/9.0 159.0/9.0 159.0/9.0 159.0/9.0 158.8/9.0
Bond Loss 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 0.00 0.00 0.00 0.00
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addresses only, and may
not be provided to any third party other than the addresses's legal, tax,
financial and/or accountingly advisors for the purposes of evaluating such
information. Propertive investors are advised to read carefully, and should rely
solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decision. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in this
Securities. All information contained herein is preliminary and its anticipated
that such information will change. Any information contained herein will be more
fully described in, and will be fully supercaded by the preliminary propectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(a) no representtion or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AS OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(a) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services form, any company
mentioned herein.
<PAGE>
<TABLE>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond Id : ADAMTEST_SWAP A7
Bond Name : E (BBB 10.00%)
Original Balance : 25,815,000.00 Current Balance : 25,815,000.00
Original Coupon : 8.121000 % Current Coupon : 8.121000 %
Deal Description : Comm 2000 C1 (PRICETEST)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.1830 6.1830 6.1830 6.1280 5.9670 5.7620 5.7190
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 74.00 74.00 81.00 88.75 96.75 109.75 127.75 129.50 131.25 130.50 130.50 132.00 129.13
Report Generated : Mon Sep 11 11:57:09 2000 /home/emikus/deals/cmbs/comm00c1/pricetest.cmo
</TABLE>
<TABLE>
<CAPTION>
0.0 25.0 50.0 75.0 100.0
<S> <C> <C> <C> <C> <C>
98.249593 8.483 8.483 8.483 8.483 8.485
98.499593 8.444 8.444 8.444 8.444 8.446
98.749593 8.404 8.404 8.404 8.405 8.406
98.999593 8.366 8.366 8.366 8.366 8.367
99.249593 8.327 8.327 8.327 8.327 8.328
99.499593 8.288 8.288 8.288 8.288 8.288
99.749593 8.250 8.250 8.250 8.250 8.249
99.999593 8.211 8.211 8.211 8.211 8.211
*100.249593 8.173 8.173 8.173 8.173 8.172
100.499593 8.135 8.135 8.135 8.134 8.133
100.749593 8.097 8.097 8.097 8.096 8.095
100.999593 8.059 8.059 8.059 8.058 8.056
101.249593 8.021 8.021 8.021 8.021 8.018
101.499593 7.983 7.983 7.983 7.983 7.980
101.749593 7.946 7.946 7.946 7.945 7.942
101.999593 7.908 7.908 7.908 7.908 7.904
102.249593 7.871 7.871 7.871 7.870 7.867
Ave Life 9.736 9.736 9.736 9.712 9.569
Ave Cashflow 7.600 7.600 7.600 7.584 7.491
Mod Dur 6.496 6.496 6.496 6.485 6.422
Window 6/10-6/10 6/10-6/10 6/10-6/10 5/10-6/10 4/10-4/10
Sprd/Avl 240.0/av 240.0/av 240.0/av 239.9/av 239.2/av
Sprd/AvCf 231.2/av 231.2/av 231.2/av 231.2/av 230.7/av
Sprd/Tsy 239.0/9.5 239.0/9.5 239.0/9.5 239.0/9.5 238.9/9.5
Bond Loss 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 0.00 0.00 0.00 0.00
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond Id : ADAMTEST_SWAP A7
Bond Name : E (BBB 10.00%)
Original Balance : 25,815,000.00 Current Balance : 25,815,000.00
Original Coupon : 8.121000 % Current Coupon : 8.121000 %
Deal Description : Comm 2000 C1 (PRICETEST)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.1830 6.1830 6.1830 6.1280 5.9670 5.7620 5.7190
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 74.00 74.00 81.00 88.75 96.75 109.75 127.75 129.50 131.25 130.50 130.50 132.00 129.13
Report Generated : Mon Sep 11 11:57:09 2000 /home/emikus/deals/cmbs/comm00c1/pricetest.cmo
</TABLE>
<TABLE>
<CAPTION>
0.0 25.0 50.0 75.0 100.0
<S> <C> <C> <C> <C> <C>
98.249593 8.483 8.483 8.483 8.483 8.485
98.499593 8.444 8.444 8.444 8.444 8.446
98.749593 8.404 8.404 8.404 8.405 8.406
98.999593 8.366 8.366 8.366 8.366 8.367
99.249593 8.327 8.327 8.327 8.327 8.328
99.499593 8.288 8.288 8.288 8.288 8.288
99.749593 8.250 8.250 8.250 8.250 8.249
99.999593 8.211 8.211 8.211 8.211 8.211
*100.249593 8.173 8.173 8.173 8.173 8.172
100.499593 8.135 8.135 8.135 8.134 8.133
100.749593 8.097 8.097 8.097 8.096 8.095
100.999593 8.059 8.059 8.059 8.058 8.056
101.249593 8.021 8.021 8.021 8.021 8.018
101.499593 7.983 7.983 7.983 7.983 7.980
101.749593 7.946 7.946 7.946 7.945 7.942
101.999593 7.908 7.908 7.908 7.908 7.904
102.249593 7.871 7.871 7.871 7.870 7.867
Ave Life 9.736 9.736 9.736 9.712 9.569
Ave Cashflow 7.600 7.600 7.600 7.584 7.491
Mod Dur 6.496 6.496 6.496 6.485 6.422
Window 6/10-6/10 6/10-6/10 6/10-6/10 5/10-6/10 4/10-4/10
Sprd/Avl 240.0/av 240.0/av 240.0/av 239.9/av 239.2/av
Sprd/AvCf 231.2/av 231.2/av 231.2/av 231.2/av 230.7/av
Sprd/Tsy 239.0/9.5 239.0/9.5 239.0/9.5 239.0/9.5 238.9/9.5
Bond Loss 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 0.00 0.00 0.00 0.00
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond Id : ADAMTEST_SWAP A8
Bond Name : F (BBB- 8.75%)
Original Balance : 11,224,000.00 Current Balance : 11,224,000.00
Original Coupon : 8.159199 % Current Coupon : 8.159199 %
Deal Description : Comm 2000 C1 (PRICETEST)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.1830 6.1830 6.1830 6.1280 5.9670 5.7620 5.7190
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 74.00 74.00 81.00 88.75 96.75 109.75 127.75 129.50 131.25 130.50 130.50 132.00 129.13
Report Generated : Mon Sep 11 11:57:09 2000 /home/emikus/deals/cmbs/comm00c1/pricetest.cmo
</TABLE>
<TABLE>
<CAPTION>
0.0 25.0 50.0 75.0 100.0
<S> <C> <C> <C> <C> <C>
97.796103 8.737 8.737 8.737 8.738 8.744
98.046103 8.697 8.697 8.698 8.698 8.704
98.296103 8.657 8.658 8.658 8.659 8.664
98.546103 8.618 8.618 8.619 8.619 8.624
98.796103 8.579 8.579 8.579 8.580 8.584
99.046103 8.540 8.540 8.540 8.541 8.544
99.296103 8.501 8.501 8.501 8.502 8.505
99.546103 8.462 8.462 8.462 8.463 8.465
*99.796103 8.423 8.423 8.423 8.424 8.426
100.046103 8.384 8.384 8.385 8.385 8.387
100.296103 8.346 8.346 8.346 8.347 8.348
100.546103 8.307 8.308 8.308 8.308 8.309
100.796103 8.269 8.269 8.270 8.270 8.271
101.046103 8.231 8.231 8.231 8.232 8.232
101.296103 8.193 8.193 8.193 8.194 8.194
101.546103 8.155 8.155 8.156 8.156 8.155
101.796103 8.117 8.117 8.118 8.118 8.117
Ave Life 9.736 9.736 9.736 9.712 9.569
Ave Life 9.736 9.736 9.736 9.736 9.569
Ave Cashflow 7.582 7.582 7.582 7.582 7.473
Mod Dur 6.443 6.443 6.443 6.443 6.370
Window 6/10-6/10 6/10-6/10 6/10-6/10 6/10-6/10 4/10-4/10
Sprd/Avl 265.0/av 265.0/av 265.1/av 265.1/av 264.7/av
Sprd/Av Cf 256.2/av 256.2/av 256.2/av 256.3/av 256.1/av
Sprd/Tsy 264.0/9.5 264.1/9.5 264.1/9.5 264.1/9.5 264.4/9.5
Bond Loss 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 0.00 0.00 0.00 0.00
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond Id : ADAMTEST_SWAP A8
Bond Name : F (BBB- 8.75%)
Original Balance : 11,224,000.00 Current Balance : 11,224,000.00
Original Coupon : 8.159199 % Current Coupon : 8.159199 %
Deal Description : Comm 2000 C1 (PRICETEST)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.1830 6.1830 6.1830 6.1280 5.9670 5.7620 5.7190
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP07Y SWP10Y SWP12Y SWP15Y SWP20Y SWP25Y SWP30Y SWP40Y
: 74.00 74.00 81.00 88.75 96.75 109.75 127.75 129.50 131.25 130.50 130.50 132.00 129.13
Report Generated : Mon Sep 11 11:57:09 2000 /home/emikus/deals/cmbs/comm00c1/pricetest.cmo
</TABLE>
<TABLE>
<CAPTION>
0.0 25.0 50.0 75.0 100.0
<S> <C> <C> <C> <C> <C>
97.796103 8.737 8.737 8.737 8.738 8.744
98.046103 8.697 8.697 8.698 8.698 8.704
98.296103 8.657 8.658 8.658 8.659 8.664
98.546103 8.618 8.618 8.619 8.619 8.624
98.796103 8.579 8.579 8.579 8.580 8.584
99.046103 8.540 8.540 8.540 8.541 8.544
99.296103 8.501 8.501 8.501 8.502 8.505
99.546103 8.462 8.462 8.462 8.463 8.465
*99.796103 8.423 8.423 8.423 8.424 8.426
100.046103 8.384 8.384 8.385 8.385 8.387
100.296103 8.346 8.346 8.346 8.347 8.348
100.546103 8.307 8.308 8.308 8.308 8.309
100.796103 8.269 8.269 8.270 8.270 8.271
101.046103 8.231 8.231 8.231 8.232 8.232
101.296103 8.193 8.193 8.193 8.194 8.194
101.546103 8.155 8.155 8.156 8.156 8.155
101.796103 8.117 8.117 8.118 8.118 8.117
Ave Life 9.736 9.736 9.736 9.712 9.569
Ave Life 9.736 9.736 9.736 9.736 9.569
Ave Cashflow 7.582 7.582 7.582 7.582 7.473
Mod Dur 6.443 6.443 6.443 6.443 6.370
Window 6/10-6/10 6/10-6/10 6/10-6/10 6/10-6/10 4/10-4/10
Sprd/Avl 265.0/av 265.0/av 265.1/av 265.1/av 264.7/av
Sprd/Av Cf 256.2/av 256.2/av 256.2/av 256.3/av 256.1/av
Sprd/Tsy 264.0/9.5 264.1/9.5 264.1/9.5 264.1/9.5 264.4/9.5
Bond Loss 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 0.00 0.00 0.00 0.00
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
1st period Strip 1st period 1st period
Class Balance Coupon Amount Dollars Pct
------ ------- ---------- ------ ---------- ---------
A1 148,498,000.00 7.26000 0.89920 111,274.32 19.44%
A2 542,915,000.00 7.41900 0.74020 334,887.41 58.50%
B 38,162,000.00 7.49700 0.66220 21,059.02 3.68%
C 39,284,000.00 7.70900 0.45020 14,738.00 2.57%
D 13,469,000.00 7.80700 0.35220 3,953.14 0.69%
E 25,815,000.00 8.12100 0.03820 821.75 0.14%
F 11,224,000.00 8.15920 -- -- 0.00%
G 26,938,000.00 6.85000 1.30920 29,389.33 5.13%
H 6,734,000.00 6.85000 1.30920 7,346.79 1.28%
J 6,734,000.00 6.85000 1.30920 7,346.79 1.28%
K 10,101,000.00 6.85000 1.30920 11,020.18 1.93%
L 7,856,000.00 6.85000 1.30920 8,570.89 1.50%
M 6,734,000.00 6.85000 1.30920 7,346.79 1.28%
N 4,489,000.00 6.85000 1.30920 4,897.49 0.86%
O 8,987,215.43 6.85000 1.30920 9,805.04 1.71%
8.15920 572,456.90 100.00%
<PAGE>
<TABLE>
<CAPTION>
Deutsche Bank Securities CMO Model
Price / Yield Report
<S> <C> <C> <C>
Bond Id : COMM_PRICING A1
Bond Name : A3 (AAA 23.00%)
Original Balance : 148,498,000.00 Currrent Balance : 149,498,000.00
Original Coupon : 7.205000% Current Coupon : 7.205000%
Deal Description : Comm 2000 C1 (PRICING)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.1360 6.2250 6.1990 6.1320 5.9790 5.7740 5.7360
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP06Y SWP09Y SWP10Y SWP30Y SWP40%
: 74.52 71.00 81.00 88.00 95.75 102.25 120.25 126.25 133.13 129.13
Report Generated : Mon Sep 11 14:18:40 2000 /home/emikus/deals/cmbs/comm00c1/Tic/comm_pricing.cuo
0.0
98.997896 7.483
99.122898 7.453
99.247898 7.424
99.372898 7.395
99.497898 7.366
99.622598 7.337
99.747898 7.308
99.872898 7.280
99.957898 7.251
100.122898 7.222
100.247898 7.194
100.372898 7.165
100.497898 7.135
100.622898 7.108
100.747898 7.079
100.672898 7.051
100.997898 7.023
Ave Life 5.600
Mod Dur 4.332
Window 10/00-9/08
Sprd/Avl 129.6/av
Sprd/Avcf 129.2/5.5
Sprd/Tsy 30.0
Bond Loss 0.00
Coll Loss 0.00
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addresses only, and may
not be provided to any third party other than the addressees's legal, tax,
financial and/or accountingly advisors for the purposes of evaluating such
information. Propertive investors are advised to read carefully, and should rely
solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decision. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in this
Securities. All information contained herein is preliminary and its anticipated
that such information will change. Any information contained herein will be more
fully described in, and will be fully supercaded by the preliminary propectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(a) no representtion or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AS OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(a) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services form, any company
mentioned herein.
<PAGE>
<TABLE>
<CAPTION>
Deutsche Bank Securities CMO Model
Price / Yield Report
<S> <C> <C> <C>
Bond Id : COMM_PRICING A2
Bond Name : A2 (AAA 23.00%)
Original Balance : 542,915,000.00 Currrent Balance : 542,915,000.00
Original Coupon : 7.416000% Current Coupon : 7.416000%
Deal Description : Comm 2000 C1 (PRICING)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.1360 6.2250 6.1990 6.1320 5.9790 5.7740 5.7360
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP06Y SWP09Y SWP10Y SWP30Y SWP40%
: 75.52 71.00 81.00 88.00 95.75 102.25 120.25 126.25 133.13 129.13
Report Generated : Mon Sep 11 14:18:40 2000 /home/emikus/deals/cmbs/comm00c1/Tie/comm_pricing.cmo
</TABLE>
0.0
99.498583 7.565
99.623583 7.545
99.748583 7.526
99.873583 7.506
99.998583 7.487
100.123583 7.467
100.248583 7.448
100.373583 7.428
100.498583 7.409
100.623583 7.389
100.748583 7.370
100.873583 7.351
100.998583 7.332
101.123583 7.312
101.248583 7.293
101.373583 7.274
101.498583 7.255
Ave Life 9.071
Mod Dur 6.393
Window 9/08-4/10
Sprd/Avl 159.7/av
Sprd/Tsy 159.4/9.0
Swap Spd 39.0
Bond Loss 0.00
Coll Loss 0.00
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addresses only, and may
not be provided to any third party other than the addresses's legal, tax,
financial and/or accountingly advisors for the purposes of evaluating such
information. Propertive investors are advised to read carefully, and should rely
solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decision. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in this
Securities. All information contained herein is preliminary and its anticipated
that such information will change. Any information contained herein will be more
fully described in, and will be fully supercaded by the preliminary propectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(a) no representtion or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AS OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(a) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services form, any company
mentioned herein.
<PAGE>
<TABLE>
<CAPTION>
Deutsche Bank Securities CMO Model
Price / Yield Report
<S> <C> <C> <C>
Bond Id : COMM_PRICING A4
Bond Name : B (AA/AA 18.75%)
Original Balance : 38,162,000.00 Currrent Balance : 38,162,000.00
Original Coupon : 7.494000% Current Coupon : 7.494000%
Deal Description : Comm 2000 C1 (PRICING)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.1360 6.2250 6.1950 6.1320 5.9790 5.7740 5.7360
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP06Y SWP09Y SWP10Y SWP30Y SWP40%
: 74.52 71.00 81.00 90.00 95.75 102.25 120.25 126.25 133.13 129.13
Report Generated : Mon Sep 11 14:18:41 2000 /home/emikus/deals/cmbs/comm00c1/Tie/comm_pricing.cmo
</TABLE>
0.0
98.997287 7.720
99.122287 7.701
99.247287 7.682
99.372287 7.663
99.497287 7.644
99.622287 7.625
99.747287 7.606
99.872287 7.587
99.997287 7.568
100.122287 7.549
100.247287 7.531
100.373287 7.512
100.497287 7.493
100.622287 7.474
100.747287 7.456
100.872287 7.437
100.997287 7.418
Ave Life 9.569
Mod Dur 6.606
Window 4/10-4/10
Sprd/Avl 177.7/av
Sprd/Avcf 177.4/9.5
Sprd/Tsy 54.0
Bond Loss 0.00
Coll Loss 0.00
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addresses only, and may
not be provided to any third party other than the addresses's legal, tax,
financial and/or accountingly advisors for the purposes of evaluating such
information. Propertive investors are advised to read carefully, and should rely
solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decision. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in this
Securities. All information contained herein is preliminary and its anticipated
that such information will change. Any information contained herein will be more
fully described in, and will be fully supercaded by the preliminary propectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(a) no representtion or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AS OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(a) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services form, any company
mentioned herein.
<PAGE>
<TABLE>
<CAPTION>
Deutsche Bank Securities CMO Model
Price / Yield Report
<S> <C> <C> <C>
Bond Id : COMM_PRICING A5
Bond Name : C (A/A 14.375%)
Original Balance : 39,284,000.00 Currrent Balance : 39,284,000.00
Original Coupon : 7.706000% Current Coupon : 7.706000%
Deal Description : Comm 2000 C1 (PRICING)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.1360 6.2250 6.1990 6.1320 5.9790 5.7740 5.7360
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP06Y SWP09Y SWP10Y SWP30Y SWP40%
: 75.52 71.00 81.00 88.00 95.75 102.25 120.25 126.25 133.13 129.13
Report Generated : Mon Sep 11 14:18:41 2000 /Home/emikus/deals/cmbs/comm00c1/Tie/comm_pricing.cmo
</TABLE>
0.0
99.498129 7.861
99.623129 7.842
99.748129 7.823
99.673129 7.805
99.998129 7.785
100.123129 7.767
100.248129 7.748
100.373129 7.729
100.498129 7.710
100.623129 7.692
100.748129 7.673
100.873129 7.654
100.998129 7.635
100.123129 7.617
100.248129 7.598
100.373129 7.580
100.498129 7.361
Ave Life 9.674
Mod Dur 6.600
Window 4/10-6/10
Sprd/Avl 192.3/av
Sprd/Avcf 191.6/9.5
Sprd/Tsy 68.0
Bond Loss 0.00
Coll Loss 0.00
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addresses only, and may
not be provided to any third party other than the addresses's legal, tax,
financial and/or accountingly advisors for the purposes of evaluating such
information. Propertive investors are advised to read carefully, and should rely
solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decision. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in this
Securities. All information contained herein is preliminary and its anticipated
that such information will change. Any information contained herein will be more
fully described in, and will be fully supercaded by the preliminary propectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(a) no representtion or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AS OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(a) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services form, any company
mentioned herein.
<PAGE>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond Id : COMM_PRICING A5
Bond Name : D (A-/A- 12.875%)
Original Balance : 13,469,000.00 Current Balance : 13,469,000.00
Original Coupon : 7.804000% Current Coupon : 7.804000%
Deal Description : Comm 2000 C1 (PRICING)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
Market Levels : TSY03M TSY06M TSY01Y YSY02Y TSY05Y TSY10Y TSY30Y
: 6.1360 6.2250 6.1990 6.1130 5.9790 5.7740 5.7360
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP06Y SWP09Y SWP10Y SWP30Y SWP40Y
: 75.52 71.00 81.00 88.00 95.75 102.25 120.25 126.25 133.13 129.13
Report Generated : Mon Sep 11 14:18:41 2000 /home/emikus/deals/cmbs/comm00c1/Tie/comm_pricing.cmo
</TABLE>
0.0
99.494279 7.963
99.619279 7.944
99.744279 7.925
99.869279 7.906
99.994279 7.887
100.119279 7.868
100.244279 7.849
100.359279 7.830
100.494279 7.811
100.619279 7.793
100.744275 7.774
100.859279 7.755
100.994279 7.737
101.119279 7.718
101.244279 7.699
101.069279 7.681
101.494279 7.662
Ave Life 9.736
Mod Dur 6.598
Window 6/10-6/10
Sprd/Av1 202.7/av
Sprd/Tsy 201.7/9.5
SwapSpd 78.0
Bond Lose 0.00
Coll Loss 0.00
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond Id : COMM_PRICING A7
Bond Name : B (BBB 10.00%)
Original Balance : 23,615,000.00 Current Balance : 25,615,000.00
Original Coupon : 8.132000% Current Coupon : 8.132000%
Deal Description : Comm 2000 C1 (PRICING)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
Market Levels : TSY03M TSY06M TSY01Y YSY02Y TSY05Y TSY10Y TSY30Y
: 6.1360 6.2250 6.1990 6.1320 5.9790 5.7740 5.7360
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP06Y SWP09Y SWP10Y SWP30Y SWP40Y
: 75.52 71.00 81.00 88.00 95.75 102.25 120.25 126.25 133.13 129.13
Report Generated : Mon Sep 11 14:18:42 2000 /home/emikus/deals/cmbs/comm00c1/Tie/comm_pricing.cmo
</TABLE>
0.0
99.244806 8.339
99.069806 8.319
99.494806 8.300
99.619805 8.281
99.744805 8.262
99.869805 8.242
99.994805 8.223
100.119305 8.204
100.244805 8.105
100.369805 8.168
100.494805 8.147
100.619806 8.128
100.744806 8.109
100.869806 8.090
100.994806 8.071
101.119806 8.052
101.244806 8.033
Ave Life 9.736
Mod Dur 6.493
Window 6/10-6/10
Sprd/Av1 240.0/av
Sprd/Tsy 239.0/9.5
SwapSpd 115.3
Bond Lose 0.00
Coll Loss 0.00
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond Id : COMM_PRICING A8
Bond Type : MAC
Bond Name : F (BBB- 8.75%)
Original Balance : 11,224,000.00 Current Balance : 11,274,000.00
Original Coupon : 8.159199% Current Coupon : 8.159199%
Deal Description : Comm 2000 C1 (PRICING)
Orig. Cutoff Date : 9/1/00 Rated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
Market Levels : TSY03M TSY06M TSY01Y YSY02Y TSY05Y TSY10Y TSY30Y
: 6.1360 6.2250 6.1990 6.3230 5.9790 5.7740 5.7360
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP06Y SWP09Y SWP10Y SWP30Y SWP40Y
: 75.52 71.00 81.00 88.00 95.75 102.25 120.25 126.25 133.13 129.13
Report Generated : Mon Sep 11 14:18:41 2000 /home/emikus/deals/cmbs/comm00c1/Tie/comm_pricing.cmo
</TABLE>
0.0
98.716655 8.591
98.843655 8.571
98.968655 8.552
99.093555 8.532
99.218655 8.513
99.343655 8.493
99.468655 8.474
99.593655 8.454
99.718655 8.435
99.843655 8.415
99.968655 8.396
100.093655 8.377
100.218655 8.358
100.343655 8.338
100.468655 8.319
100.593655 8.300
100.718655 8.261
Ave Life 9.736
Mod Dur 6.441
Window 6/10-6/10
Sprd/Av1 265.0/av
Sprd/Tsy 264.0/9.5
SwapSpd 140.3
Bond Loss 0.00
Coll Loss 0.00
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond Id : COMM_PRICING B1
Bond Name : O (BB+/BB- 5.75%)
Original Balance : 26,938,000.00 Current Balance : 26,938,000.00
Original Coupon : 6.850000% Current Coupon : 6.850000%
Deal Description : Comm 2000 C1 (PRICING)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
Market Levels : TSY03M TSY06M TSY01Y YSY02Y TSY05Y TSY10Y TSY30Y
: 6.1360 6.2250 6.1990 6.1320 5.9790 5.7740 5.7360
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP06Y SWP09Y SWP10Y SWP30Y SWP40Y
: 75.52 71.00 81.00 88.00 95.75 102.25 120.25 126.25 133.13 129.13
Report Generated : Mon Sep 13 14:18:41 2000 /home/emikus/deals/cmbs/comm00c1/Tie/comm_pricing.cmo
</TABLE>
0.0
76.720863 10.885
76.845863 10.860
76.970863 10.834
77.095863 10.809
77.220863 10.784
77.345863 10.758
77.470863 10.700
77.595863 10.708
77.720863 10.683
77.845863 10.658
77.970863 10.633
78.095863 10.608
78.220863 10.583
78.345863 10.558
78.670863 10.534
78.595863 10.509
78.720863 10.484
Ave Life 9.781
Mod Dur 6.391
Window 6/10-7/10
Sprd/Av1 490.0/av
Sprd/Tsy 490.9/10.0
SwapSpd 365.1
Bond Loss 0.00
Coll Loss 0.00
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond Id : COMM_PRICING B1
Bond Type : WACI0
Bond Name : X (AAA/AAA I0)
Original Balance : 897,940,215.43 Current Balance : 897,940,215.43
Original Coupon : 0.775758% Current Coupon : 0.775758%
Deal Description : Comm 2000 C1 (PRICING)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
Market Levels : TSY03M TSY06M TSY01Y YSY02Y TSY05Y TSY10Y TSY30Y
: 6.1360 6.2250 6.1990 6.1320 5.9790 5.7740 5.7360
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP06Y SWP09Y SWP10Y SWP30Y SWP40Y
: 75.52 71.00 81.00 88.00 95.75 103.25 120.25 126.25 133.13 129.13
Report Generated : Mon Sep 11 14:20:04 2000 /home/emikus/deals/cmbs/comm00c1/Tie/comm_pricing.cmo
</TABLE>
100.0 0.0
4.131464 15.577 15.891
4.256464 14.683 15.005
4.381464 13.831 14.161
4.508464 13.017 13.355
4.631464 12.239 12.585
4.756464 11.494 11.847
4.881464 10.779 11.140
5.005464 10.093 10.460
5.131464 9.433 9.808
5.256464 8.798 9.179
5.381464 8.186 8.574
5.506464 7.598 7.990
5.631464 7.028 7.426
5.756464 6.475 6.882
5.881464 5.943 6.355
6.006464 5.428 5.845
6.131464 4.928 5.352
Ave Life 8.564 8.775
Mod Dur 3.734 3.774
Window 10/00-8/23 10/00-1/24
Sprd/Av1 360.0/av 398.3/av
Sprd/Tsy 359.7/8.5 399.3/9.0
SwapSpd 242.4 279.4
Bond Loss 0.00 0.00
Coll Loss 0.00 0.00
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond Id : COMM_PRICING IO X
Bond Type : WACI0
Bond Name : X (AAA/AAA I0)
Original Balance : 897,940,215.43 Current Balance : 897,940,215.43
Original Coupon : 0.775758% Current Coupon : 0.775758%
Deal Description : Comm 2000 C1 (PRICING)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CPR
Scenario : Lockout YM only
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
Market Levels : TSY03M TSY06M TSY01Y YSY02Y TSY05Y TSY10Y TSY30Y
: 6.1360 6.2250 6.1990 6.1320 5.9790 5.7740 5.7360
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP06Y SWP09Y SWP10Y SWP30Y SWP40Y
: 75.52 71.00 81.00 88.00 95.75 102.25 120.25 126.25 133.13 129.13
Report Generated : Mon Sep 11 14:20:04 2000 /home/emikus/deals/cmbs/comm00c1/Tie/comm_pricing.cmo
</TABLE>
100.0 0.0
4.131464 15.577 15.891
4.256464 14.683 15.005
4.381464 13.831 14.161
4.508464 13.017 13.355
4.631464 12.239 12.585
4.756464 11.494 11.847
4.881464 10.779 11.140
5.005464 10.093 10.460
5.131464 9.433 9.808
5.256464 8.798 9.179
5.381464 8.185 8.574
5.506464 7.595 7.990
5.631464 7.025 7.426
5.756464 6.475 6.882
5.881464 5.943 6.355
6.006464 5.428 5.845
6.131464 4.928 5.352
Ave Life 8.564 8.775
Mod Dur 3.734 3.774
Window 10/00-8/23 10/00-1/24
Sprd/Av1 360.0/av 398.3/av
Sprd/Tsy 359.7/8.5 399.3/9.0
SwapSpd 242.4 279.4
Bond Loss 0.00 0.00
Coll Loss 0.00 0.00
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
Deutsche Bank Securities CMO Model
Price / Yield Report
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Bond ID : COMM_PRICING IO X
Bond Type: : MACIO
Bond Name : X (AAA/AAA XO)
Original Balance : 897,940,215.43 Currrent Balance : 25,815,000.00
Original Coupon : 0.775758% Current Coupon : 8.159159%
Deal Description : Comm 2000 C1 (PRICING)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Prepay Method : CRP
Scenario : Lockout YM only
Market Levels : TSY03M TSY06N TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.1360 6.2250 6.1990 6.1320 5.9790 5.7740 5.7360
Swap Table : SMP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP06Y SWP09Y SWP10Y SWP30Y SWP40Y
: 75.52 71.00 81.00 88.00 95.75 102.25 120.25 126.25 133.13 129.13
Report Generated : Mon Sep 11 14:20:04 2000 /home/emikus/deals/cmbs/comm00c1/Tie/comm_pricing.cmo
100.0 0.0
4.131464 15.577 15.891
4.256464 14.683 15.005
4.361464 13.831 14.161
4.506464 13.017 13.355
4.631464 12.339 12.585
4.756454 11.494 11.847
4.831464 10.779 11.140
5.006464 10.093 10.460
5.131464 9.433 9.808
5.235464 8.798 9.179
5.381464 8.185 8.574
5.505464 7.596 7.990
5.631464 7.025 7.426
5.756464 6.475 6.882
5.881464 5.943 6.355
6.006464 5.428 5.845
6.131464 4.928 5.352
Ave Life 8.564 8.775
Mod Dur 3.734 3.774
Window 10/00-8/23 10/00-1/24
Sprd/Av1 360.0/av 398.3/av
Sprd/Tsy 359.7/8.5 399.3/9.0
SwapSpd 247.4 279.4
Bond Loss 0.00 0.00
Coll Loss 0.00 0.00
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
<CAPTION>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond ID : COMM IO SCENARIOS X
Bond Type : WACIO
Bond Name : X (AAA/AAA IO)
Original Balance : 897,940,215.43 Current Balance : 897,940,215.43
Original Coupon : 0.775758% Current Coupon : 0.775758%
Deal Description : Comm 2000 C1 (PRICING)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Market Levels : TSY03M TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.1360 6.2250 6.1990 6.1320 5.9790 5.7740 5.7360
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP06Y SWP09Y SWP10Y SWP30Y SWP40Y
: 75.52 71.00 81.00 88.00 95.75 102.25 102.25 126.25 133.33 129.13
Report Generated : Mon Sep 11 16:03:03 2000 /home/emikus/deals/cmbs/comm00c2/comm_pricing.cmo
X1 X2 X3 X4 X5 X6
<S> <C> <C> <C> <C> <C> <C>
4.881464 10.779 11.140 10.230 9.674 9.155 8.556
4.912714 10.605 10.957 10.055 9.498 8.938 8.378
4.943961 10.432 10.797 9.881 9.324 8.763 8.202
4.975214 10.262 10.628 9.710 9.152 8.590 8.028
5.006464 10.093 10.460 9.540 8.981 8.419 7.856
5.037714 9.925 10.295 9.372 8.812 8.249 7.685
5.068950 9.760 10.131 9.206 8.645 8.081 7.516
5.100214 9.595 9.968 9.041 8.479 7.914 7.349
5.131464 9.433 9.808 8.877 8.315 7.749 7.183
5.162714 9.272 9.648 8.716 8.153 7.586 7.019
5.193964 9.112 8.490 8.555 7.992 7.424 6.856
5.225214 8.954 9.334 8.397 7.832 7.264 6.695
5.256464 8.798 9.179 8.239 7.674 7.105 6.536
5.267714 8.643 9.026 8.084 7.518 6.948 6.378
5.318964 8.489 8.874 7.929 7.363 6.792 6.221
5.350214 8.337 8.723 7.776 7.209 6.637 6.066
5.381464 8.186 8.574 7.625 7.057 6.484 5.912
Ave Life 8.564 8.775 8.392 8.226 8.067 7.913
Mod Dur 3.734 3.774 3.717 3.699 3.681 3.662
Window 10/00-8/23 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24
Sprd/Av1 360.0/av 398.3/av 303.7/av 246.9/av 189.8/av 132.4/av
Sprd/Tsy 359.7/8.5 399.3/9.0 304.2/8.5 245.9/8.0 189.3/8.0 132.7/8.0
SwapSpd 360.0 398.3 303.7 246.9 189.6 132.4 260.0 254.7 244.2 239.1
Bond Loss 0.00 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 0.00 18106783.96 35233305.89 51432361.49 66753121.05
<CAPTION>
X7 X8 X9 X10
<S> <C> <C> <C> <C>
4.881464 9.803 9.751 9.649 9.598
4.912714 9.627 9.576 9.473 9.422
4.943961 9.454 9.402 9.298 9.248
4.975214 9.282 9.230 9.126 9.075
5.006464 9.111 9.059 8.955 8.904
5.037714 8.943 8.890 8.786 8.735
5.068350 8.776 8.723 8.619 8.568
5.100214 8.610 8.558 8.453 8.402
5.131464 8.446 8.394 8.289 8.238
5.162714 8.284 8.232 8.126 8.075
5.193964 8.123 8.071 7.965 7.914
5.225214 7.954 7.911 7.806 7.754
5.256464 7.807 7.754 7.648 7.594
5.267714 7.650 7.557 7.491 7.439
5.318964 7.495 7.442 7.336 7.284
5.350214 7.342 7.289 7.182 7.130
5.381464 7.190 7.137 7.030 6.978
Ave Life 8.226 8.226 8.226 8.226
Mod Dur 3.706 3.703 3.698 3.695
Window 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24
Sprd/Av1 280.0/av 254.7/av 244.2/av 239.1/av
Sprd/Tsy 259.0/8.0 253.8/8.0 243.6/8.0 238.2/8.0
SwapSpd
Bond Loss 0.00 0.00 0.00 0.00
Coll Loss 10066735.62 20133422.98 40266541.31 50332882.45
X1 : Lockout YM only/100% CPR
X2 : Lockout YM only/0% CPR
X3 : Lockout YM only/100% CPR, CDR FOR 24 Months, 1% CDR, 65% Recovery, 12 Month Lag
X4 : Lockout YM only/100% CPR, CDR FOR 24 Months, 2% CDR, 65% Recovery, 12 Month Lag
X5 : Lockout YM only/100% CPR, CDR FOR 24 Months, 3% CDR, 65% Recovery, 12 Month Lag
X6 : Lockout YM only/100% CPR, CDR FOR 24 Months, 4% CDR, 65% Recovery, 12 Month Lag
X7 : Lockout YM only/100% CPR, CDR FOR 24 Months, 2% CDR, 90% Recovery, 12 Month Lag
X8 : Lockout YM only/100% CPR, CDR FOR 24 Months, 2% CDR, 80% Recovery, 12 Month Lag
X9 : Lockout YM only/100% CPR, CDR FOR 24 Months, 2% CDR, 60% Recovery, 12 Month Lag
X10 : Lockout YM only/100% CPR, CDR FOR 24 Months, 2% CDR, 50% Recovery, 12 Month Lag
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
<CAPTION>
Deutsche Bank Securities CMO Model
Price / Yield Report
Bond ID : COMM_IO SCEN2 X
Bond Type : WACIO
Bond Name : X (AAA/AAA IO)
Original Balance : 897,940,215.43 Current Balance : 897,940,215.43
Original Coupon : 0.775758% Current Coupon : 0.775758%
Deal Description : Comm 2000 C1 (PRICING)
Orig. Cutoff Date : 9/1/00 Dated Date : 9/1/00
Settlement Date : 9/20/00 First Payment Date : 10/15/00
Market Levels : TSY03N TSY06M TSY01Y TSY02Y TSY05Y TSY10Y TSY30Y
: 6.1360 6.2250 6.1990 6.1320 5.9790 5.7740 5.7360
Swap Table : SWP01Y SWP02Y SWP03Y SWP04Y SWP05Y SWP06Y SWP09Y SWP10Y SWP300 SWP40Y
: 75.52 71.00 81.00 88.00 95.75 102.25 130.25 126.25 133.13 129.13
Report Generated : Mon Sep 11 17:02:41 2000 /home/emikus/deals/cmbs/comm00c1/comm_pricing.cmo
X1 X2 X3 X4 X5 X6 X6B X6C
<S> <C> <C> <C> <C> <C> <C> <C> <C>
4.881464 10.779 11.140 10.230 9.674 9.215 8.556 7.942 7.450
4.912714 10.605 10.967 10.055 9.498 8.938 8.378 7.763 7.270
4.943964 10.432 10.797 9.881 9.324 8.763 8.202 7.585 7.092
4.975214 10.262 10.628 9.710 9.152 8.590 8.028 7.409 6.915
5.006464 10.093 10.460 9.540 8.981 8.419 7.856 7.235 6.741
5.037714 9.925 10.295 9.372 8.812 8.249 7.685 7.063 6.558
5.068964 9.760 10.131 9.206 8.645 8.081 7.516 6.892 6.397
5.100214 9.595 9.968 9.041 8.479 7.914 7.349 6.723 6.227
5.131464 9.433 9.808 8.877 8.315 7.749 7.183 6.556 6.059
5.162714 9.272 9.648 8.716 8.153 7.586 7.019 6.390 5.893
5.193964 9.112 8.490 8.555 7.992 7.424 6.856 6.226 5.728
5.225214 8.954 9.334 8.397 7.832 7.264 6.695 6.063 5.565
5.255464 8.798 9.179 8.239 7.674 7.105 6.536 5.903 5.403
5.267714 8.643 9.026 8.084 7.518 6.948 6.378 5.742 5.243
5.318964 8.489 8.874 7.929 7.363 6.792 6.221 5.584 5.085
5.350214 8.337 8.723 7.776 7.209 6.637 6.066 5.427 4.927
5.361464 8.186 8.574 7.625 7.057 6.484 5.912 5.272 4.771
Ave Life 8.564 8.775 8.392 8.226 8.067 7.913 7.765 7.622
Mod Dur 3.734 3.774 3.717 3.699 3.681 3.662 3.627 3.616
Window 10/00-8/23 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24 10/00-1/24
Sprd/Av1 360.0/av 398.3/av 303.7/av 246.9/av 189.6/av 132.4/av 69.0/av 18.8/av
Sprd/Tsy 359.7/8.5 399.3/9.0 304.2/8.5 245.9/8.0 189.3/8.0 132.7/8.0 70.0/8.0 18.3/7.5
SwapSpd 360.0 398.32 303.7 246.9 189.6 132.4 69.0 18.8
Bond Loss 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Coll Loss 0.00 0.00 18105783.96 35333305.89 51432361.49 66753121.05 81241508.93 84940533.50
X1 : Lockout YM only/100% CPR
X2 : Lockout YM only/0% CPR
X3 : Lockout YM only/100% CPR, 0% CDR FOR 24 Months, 1% CDR, 65% Recovery, 12 Month Lag
X4 : Lockout YM only/100% CPR, 0% CDR FOR 24 Months, 2% CDR, 65% Recovery, 12 Month Lag
X5 : Lockout YM only/100% CPR, 0% CDR FOR 24 Months, 3% CDR, 65% Recovery, 12 Month Lag
X6 : Lockout YM only/100% CPR, 0% CDR FOR 24 Months, 4% CDR, 65% Recovery, 12 Month Lag
X6B : Lockout YM only/100% CPR, 0% CDR FOR 24 Months, 5% CDR, 65% Recovery, 12 Month Lag
X6C : Lockout YM only/100% CPR, 0% CDR FOR 24 Months, 6% CDR, 65% Recovery, 12 Month Lag
</TABLE>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superceded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITAION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
<PAGE>
<TABLE>
<CAPTION>
J.P. MORGAN SECURITIES INC.
<S> <C> <C>
Dated Date......: 09/01/00 STRUCTURED FINANCE Mortgage Balance: 897,940,215
Settlement......: 09/20/00 GWAC..[Svc].....: 8,203 [.0133]
First Payment...: 10/15/00 BOND PRICE/YIELD TABLE WAM.............: 112.0
Prepayment......: Global YCPR & 50
COMM 00-1 Allied Set-up Pricing Default.........: None
Extensions......: None
Class A2 / Aaa / AAA
</TABLE>
<TABLE>
<CAPTION>
----------------------------Prepayment Speed-------------------------
Price 0 10 20 30 40 50
-------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
99.50000 7.5996 7.5996 7.5996 7.5996 7.5996 7.5996
99.56250 7.5898 7.5898 7.5898 7.5898 7.5898 7.5898
99.62500 7.5799 7.5799 7.5799 7.5799 7.5800 7.5800
99.68750 7.5701 7.5701 7.5701 7.5701 7.3701 7.5701
99.75000 7.5603 7.5803 7.5603 7.5603 7.5603 7.5603
99.81250 7.5505 7.5505 7.5503 7.5505 7.5505 7.5505
99.87500 7.5407 7.5407 7.5407 7.5407 7.5407 7.5407
99.53750 7.5310 7.5309 7.5309 7.5309 7.5309 7.5309
100.00000 7.5212 7.5212 7.5271 7.5211 7.5213 7.5211
100.06250 7.5114 7.5114 7.5114 7.5114 7.5113 7.5113
100.32500 7.5017 7.5016 7.5016 7.5016 7.5016 7.5015
100.16750 7.4919 7.4919 7.4919 7.4918 7.4918 7.4918
100.25000 7.4872 7.4822 7.4921 7.4821 7.4821 7.4820
100.31230 7.4725 7.4124 7.4724 7.4723 7.4123 7.4723
100.37500 7.4687 7.4627 7.4527 7.4626 7.4626 7.4623
100.43730 7.4530 7.4530 7.4529 7.4529 7.4528 7.4528
100.50000 7.4433 7.4433 7.4432 7.4432 4.4431 7.4430
100.56250 7.4336 7.4336 7.4335 7.4335 4.4334 7.4333
100.62500 7.4239 7.4239 7.4238 7.4238 7.7237 7.4230
100.68750 7.4112 7.4312 7.4141 7.4141 7.4140 7.4139
100.75000 7.4015 7.4015 7.4014 7.4083 7.4043 7.4012
100.61250 7.3969 7.3948 7.3918 7.3917 7.3946 7.3945
100.63500 7.3952 7.3852 7.3851 7.8850 7.3848 7.3818
100.93750 7.3756 7.3155 7.3754 7.3754 7.3753 7.3752
101.00000 7.3639 7.3858 7.3638 7.3657 7.3655 7.3655
101.06250 7.3563 7.3562 7.3551 7.3560 7.3560 7.3518
101.12500 7.3466 7.3466 7.3465 7.3464 7.3063 7.3462
101.16750 7.3370 7.3369 7.3359 7.3368 7.3367 7.3365
101.25000 7.3274 7.3273 7.3272 7.3271 7.3270 7.3269
101.31250 7.3178 7.3177 7.3176 7.3175 7.3174 7.3173
101.37500 7.3982 7.3081 7.3080 7.3079 7.3078 7.3077
101.43750 7.2988 7.2985 7.2984 7.2963 7.2182 7.2581
101.50000 7.2890 7.2889 7.2888 7.2887 7.2995 7.2884
</TABLE>
A2 Details Co
-----------------------
Coupon = 7.45
yld = 10y + 1.68%
10 yr = 5.7630
Prepay after LO & YM
WAL 9.0718 9.0688 9.0621 9.0569 9.0511 9.0455
WIN 96-115 95-115 95-115 95-115 95-115 95-115
