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Previous: SALOMON BROTHERS COMMERCIAL MORT TR 2000-C3, 8-K, 2000-12-07 |
Next: ARROWHEAD OIL & GAS LLC, SB-2, 2000-12-07 |
<PAGE> 1
SBMS VII, INC. 2000-C3
SBMS VII, INC. 2000-C3 as of date: 12/1/00 914,661,061
--------------------------------------------------------------------
Overview of Collateral Pool
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
INSTITUTION #LOANS #PROPS $ %
<S> <C> <C> <C> <C>
GCM 66 70 337,444,107 36.89
SBRC 21 21 257,886,272 28.19
LBNA 27 27 205,284,547 22.44
AMCC 66 66 114,046,135 12.47
Total 180 184 914,661,061 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
UWNCF
---------------------------------------------------------------------------------------------------------------
DSCR TOP 10 LOANS $ %
<S> <C> <C>
1.63x One Financial Place (SBRC) 119,577,993 13.07
1.24x Medical Mutual of Ohio (LBNA) 35,364,183 3.87
1.20x Jorie Plaza (LBNA) 22,800,000 2.49
1.20x Westland Meadows (GCM) 22,714,214 2.48
1.23x Stonegate One (GCM) 20,985,981 2.29
1.23x 149 New Montgomery Street (SBRC) 18,809,602 2.06
1.58x Friedman Portfolio (Crossed Loan Group) (LBNA) 18,500,000 2.02
1.24x South Loop Market Place (LBNA) 18,235,848 1.99
1.23x Granite State Marketplace (GCM) 18,205,497 1.99
1.25x Pacific Plaza (GCM) 16,426,642 1.80
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
TOP 5 PROP TYPES # $ %
<S> <C> <C> <C>
Office 55 319,768,299 34.96
Office (SR BBB-) 1 119,577,993 13.07
Multifamily 40 103,846,773 11.35
Anchored Retail 15 95,272,425 10.42
Industrial 15 56,907,246 6.22
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
PROPERTY TYPE STRAT # $ %
<S> <C> <C> <C>
Anchored Retail 15 95,272,425 10.42
Hotel 3 12,136,926 1.33
Industrial 15 56,907,246 6.22
Mobile Home Park 3 27,039,989 2.96
Multifamily 40 103,846,773 11.35
Office 55 319,768,299 34.96
Office (SR BBB-) 1 119,577,993 13.07
Office/Industrial 10 26,478,174 2.89
Office/Retail 11 47,667,302 5.21
Self Storage 8 29,518,787 3.23
Shadow Anchored Retail 6 21,410,856 2.34
Single Tenant Retail 10 34,843,644 3.81
Unanchored Retail 6 11,849,644 1.30
Other 1 8,343,003 0.91
Total # Properties 184 914,661,061 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
TOP 10 STATES # $ %
<S> <C> <C> <C>
IL 17 241,516,982 26.41
CA 34 152,100,783 16.63
MI 10 51,426,022 5.62
OH 3 42,894,723 4.69
MA 5 41,482,031 4.54
WA 7 38,905,919 4.25
NY 10 31,165,163 3.41
MD 6 30,059,584 3.29
NH 5 28,180,874 3.08
VA 2 24,615,772 2.69
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
WEIGHTED AVERAGE NCF DSCR = 1.35X
min / max = 1.05x / 3.94x
NCF DSCR STRAT # $ %
<S> <C> <C> <C>
1.00 to 1.09 4 13,395,674 1.46
1.10 to 1.19 9 42,960,948 4.70
1.20 to 1.24 38 277,294,558 30.32
1.25 to 1.29 49 172,876,198 18.90
1.30 to 1.39 38 170,543,779 18.65
1.40 to 1.49 17 49,436,546 5.40
1.50 to 1.59 11 45,045,636 4.92
1.60 to 1.69 5 130,092,445 14.22
>= 1.70 7 8,386,575 0.92
Total # Loans 178 910,032,360 99.50
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C> <C>
------------------------------------- -----------------
Top 3 loans 19.43% Moody's
Top 5 loans 24.21% Herf Index
Top 10 loans 33.81% 78.81
------------------------------------- -----------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
AVERAGE BALANCE = $5.081 MILLION
min / max 0.495 / 119.578
CURRENT BALANCE STRAT # $ %
<S> <C> <C> <C>
$0 to $999,999 23 17,070,457 1.87
$1,000,000 to $2,499,999 59 98,335,194 10.75
$2,500,000 to $4,999,999 48 169,436,494 18.52
$5,000,000 to $7,499,999 24 142,117,998 15.54
$7,500,000 to $9,999,999 7 60,042,882 6.56
$10,000,000 to $14,999,999 6 70,527,861 7.71
$15,000,000 to $24,999,999 11 202,187,997 22.11
$25,000,000 to $49,999,999 1 35,364,183 3.87
$50,000,000 to $119,999,999 1 119,577,993 13.07
Total # Loans 180 914,661,061 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
WAC = 8.169%
min / max 6.750 / 9.350
GROSS COUPON STRAT # $ %
<S> <C> <C> <C>
0.00% to 7.24% 1 1,451,686 0.16
7.25% to 7.49% 13 31,700,293 3.47
7.50% to 7.74% 19 93,868,299 10.26
7.75% to 7.99% 22 198,447,686 21.70
8.00% to 8.24% 40 174,293,961 19.06
8.25% to 8.49% 44 239,220,167 26.15
8.50% to 8.74% 29 94,381,467 10.32
8.75% to 8.99% 8 58,531,506 6.40
>= 9.00% 4 22,765,995 2.49
Total # Loans 180 914,661,061 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
as of date: 12/1/00 WAM = 113.5
min / max 52.0 / 234.0
REMAINING TERM STRAT # $ %
<S> <C> <C> <C>
0 to 83 5 29,252,248 3.20
84 to 107 44 135,884,226 14.86
108 to 119 108 661,050,043 72.27
120 to 143 9 71,314,279 7.80
144 to 179 4 5,440,058 0.59
180 to 215 2 2,408,798 0.26
216 to 239 8 9,311,408 1.02
>= 240 - - -
Total # Loans 180 914,661,061 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
WEIGHTED AVERAGE CURRENT LTV = 67.40%
min / max 22% / 80%
CURRENT LTV STRAT # $ %
<S> <C> <C> <C>
0% to 49.99% 11 33,693,892 3.68
50.00% to 54.99% 12 142,974,549 15.63
55.00% to 59.99% 10 20,200,672 2.21
60.00% to 64.99% 24 96,110,788 10.51
65.00% to 69.99% 30 139,290,733 15.23
70.00% to 74.99% 65 334,413,819 36.56
75.00% to 79.99% 28 147,976,606 16.18
>= 80.00% - - -
Total # Loans 180 914,661,061 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
PREPAY PROVISION STRAT # $ %
<S> <C> <C> <C>
Lockout/Defeasance 130 824,108,656 90.10
Lockout/> of YM or 1% 46 70,222,273 7.68
Lockout/Declining Fee 1 1,455,429 0.16
> of YM or 1% 3 18,874,703 2.06
Total # Loans 180 914,661,061 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 2
SBMS VII, INC. 2000-C3
SBMS VII, INC. 2000-C3 GCM ONLY as of date: 12/1/00 337,444,107
--------------------------------------------------------------------------------
Overview of Collateral Pool
<TABLE>
<CAPTION>
INSTITUTION #LOANS #PROPS $ %
<S> <C> <C> <C> <C>
GCM 66 70 337,444,107 100.00
SBRC -- -- -- --
LBNA -- -- -- --
AMCC -- -- -- --
Total 66 70 337,444,107 100.00
</TABLE>
<TABLE>
<CAPTION>
UWNCF
DSCR TOP 10 LOANS $ %
<S> <C> <C> <C>
1.20x Westland Meadows (GCM) 22,714,214 6.73
1.23x Stonegate One (GCM) 20,985,981 6.22
1.23x Granite State Marketplace (GCM) 18,205,497 5.40
1.25x Pacific Plaza (GCM) 16,426,642 4.87
1.33x Webster Building (GCM) 15,933,791 4.72
1.13x 801 Boylston Street (GCM) 11,010,038 3.26
1.31x Simchik Four Property Portfolio (GCM) 9,975,377 2.96
1.50x Four Points Hotel by Sheraton (GCM) 9,550,083 2.83
0.00x 100 Market Street (GCM) 8,244,532 2.44
1.43x Burlington Self Storage (GCM) 7,984,459 2.37
</TABLE>
<TABLE>
<CAPTION>
TOP 5 PROP TYPES # $ %
<S> <C> <C> <C>
Office 21 116,684,392 34.58
Multifamily 16 45,666,175 13.53
Anchored Retail 6 41,915,065 12.42
Office/Retail 4 25,141,950 7.45
Mobile Home Park 1 22,714,214 6.73
</TABLE>
<TABLE>
<CAPTION>
PROPERTY TYPE STRAT # $ %
<S> <C> <C> <C>
Anchored Retail 6 41,915,065 12.42
Hotel 1 9,550,083 2.83
Industrial 3 12,309,597 3.65
Mobile Home Park 1 22,714,214 6.73
Multifamily 16 45,666,175 13.53
Office 21 116,684,392 34.58
Office (SR BBB-) -- -- --
Office/Industrial 4 8,531,643 2.53
Office/Retail 4 25,141,950 7.45
Self Storage 6 19,489,073 5.78
Shadow Anchored Retail 3 15,861,904 4.70
Single Tenant Retail 4 16,188,792 4.80
Unanchored Retail 1 3,391,218 1.00
Other -- -- --
Total # Properties 70 337,444,107 100.00
</TABLE>
<TABLE>
<CAPTION>
TOP 10 STATES # $ %
<S> <C> <C> <C>
CA 17 88,234,848 26.15
MI 5 28,850,051 8.55
NH 5 28,180,874 8.35
VA 2 24,615,772 7.29
MA 3 24,185,944 7.17
IL 5 18,152,530 5.38
DC 1 15,933,791 4.72
NY 4 14,137,224 4.19
FL 3 13,181,822 3.91
MD 3 12,921,270 3.83
</TABLE>
<TABLE>
<CAPTION>
WEIGHTED AVERAGE NCF DSCR = 1.31x
min / max = 1.13x / 2.64x
NCF DSCR STRAT # $ %
<S> <C> <C> <C>
1.00 to 1.09 -- -- --
1.10 to 1.19 3 17,326,088 5.13
1.20 to 1.24 14 115,116,307 34.11
1.25 to 1.29 21 75,327,688 22.32
1.30 to 1.39 15 73,432,577 21.76
1.40 to 1.49 6 27,097,619 8.03
1.50 to 1.59 3 15,137,538 4.49
1.60 to 1.69 2 9,377,590 2.78
>= 1.70 7 8,386,575 2.46
Total # Loans 71 341,201,982 101.09
</TABLE>
<TABLE>
<S> <C> <C>
Top 3 loans 18.35% Moody's
Top 5 loans 27.94% Herf Index
Top 10 loans 41.63% 37.19
</TABLE>
<TABLE>
<CAPTION>
AVERAGE BALANCE = $5.113 MILLION
min / max 0.673 / 22.714
CURRENT BALANCE STRAT # $ %
<S> <C> <C> <C>
$0 to $999,999 3 2,544,160 0.75
$1,000,000 to $2,499,999 17 31,534,895 9.35
$2,500,000 to $4,999,999 21 75,668,047 22.42
$5,000,000 to $7,499,999 15 87,231,701 25.85
$7,500,000 to $9,999,999 4 35,189,140 10.43
$10,000,000 to $14,999,999 1 11,010,038 3.26
$15,000,000 to $24,999,999 5 94,266,125 27.94
$25,000,000 to $49,999,999 -- -- --
$50,000,000 to $119,999,999 -- -- --
Total # Loans 66 337,444,107 100.00
</TABLE>
<TABLE>
<CAPTION>
WAC = 8.238%
min / max 7.690 / 9.140
GROSS COUPON STRAT # $ %
<S> <C> <C> <C>
0.00% to 7.24% -- -- --
7.25% to 7.49% -- -- --
7.50% to 7.74% 2 22,400,380 6.64
7.75% to 7.99% 7 47,927,023 14.20
8.00% to 8.24% 18 96,444,414 28.58
8.25% to 8.49% 25 122,478,271 36.30
8.50% to 8.74% 12 35,252,719 10.45
8.75% to 8.99% 1 3,391,218 1.00
>= 9.00% 1 9,550,083 2.83
Total # Loans 66 337,444,107 100.00
</TABLE>
<TABLE>
<CAPTION>
as of date: 12/1/00 WAM = 114.5
min / max 93.0 / 186.0
REMAINING TERM STRAT # $ %
<S> <C> <C> <C>
0 to 83 -- -- --
84 to 107 5 30,746,708 9.11
108 to 119 59 302,701,916 89.70
120 to 143 -- -- --
144 to 179 1 2,842,834 0.84
180 to 215 1 1,152,649 0.34
216 to 239 -- -- --
>= 240 -- -- --
Total # Loans 66 337,444,107 100.00
</TABLE>
<TABLE>
<CAPTION>
WEIGHTED AVERAGE CURRENT LTV = 70.70%
min / max 38% / 79%
CURRENT LTV STRAT # $ %
<S> <C> <C> <C>
0% to 49.99% 2 4,628,701 1.37
50.00% to 54.99% 3 12,220,424 3.62
55.00% to 59.99% 5 14,285,467 4.23
60.00% to 64.99% 7 25,460,548 7.55
65.00% to 69.99% 9 58,867,094 17.44
70.00% to 74.99% 30 152,102,383 45.07
75.00% to 79.99% 10 69,879,490 20.71
>= 80.00% -- -- --
Total # Loans 66 337,444,107 100.00
</TABLE>
<TABLE>
<CAPTION>
PREPAY PROVISION STRAT # $ %
<S> <C> <C> <C>
Lockout/Defeasance 63 321,378,461 95.24
Lockout/> of YM or 1% 3 16,065,646 4.76
Lockout/Declining Fee -- -- --
> of YM or 1% -- -- --
Total # Loans 66 337,444,107 100.00
</TABLE>
<PAGE> 3
SBMS VII, INC. 2000-C3
SBMS VII, INC. 2000-C3 SBRC ONLY As of date: 12/1/00 257,886,272
--------------------------------------------------------------------------------
Overview of Collateral Pool
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
INSTITUTION #LOANS #PROPS $ %
<S> <C> <C> <C> <C>
GCM - - - -
SBRC 21 21 257,886,272 100.00
LBNA - - - -
AMCC - - - -
Total 21 21 257,886,272 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
UWNCF
---------------------------------------------------------------------------------------------------------------
DSCR TOP 10 LOANS $ %
<S> <C> <C> <C>
1.63x One Financial Place (SBRC) 119,577,993 46.37
1.23x 149 New Montgomery Street (SBRC) 18,809,602 7.29
1.27x Seatac Village Shopping Center (SBRC) 16,087,967 6.24
1.30x Amerix Building (SBRC) 14,401,991 5.58
1.32x 85 Devonshire Street/258-262 Washington Street (SBRC) 13,650,000 5.29
1.26x Centro De Distribucion del Norte (SBRC) 11,197,298 4.34
1.41x US Storage Centers (SBRC) 8,365,375 3.24
1.32x 601-609 Mission Street (SBRC) 7,372,989 2.86
1.31x Arlington Heights Apartments (SBRC) 5,541,084 2.15
1.22x Villa de Mission East (SBRC) 5,178,496 2.01
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
TOP 5 PROP TYPES # $ %
<S> <C> <C> <C>
Office (SR BBB-) 1 119,577,993 46.37
Office 8 69,205,682 26.84
Anchored Retail 3 23,063,061 8.94
Multifamily 3 15,089,221 5.85
Industrial 1 11,197,298 4.34
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
PROPERTY TYPE STRAT # $ %
<S> <C> <C> <C>
Anchored Retail 3 23,063,061 8.94
Hotel - - -
Industrial 1 11,197,298 4.34
Mobile Home Park - - -
Multifamily 3 15,089,221 5.85
Office 8 69,205,682 26.84
Office (SR BBB-) 1 119,577,993 46.37
Office/Industrial 1 2,391,798 0.93
Office/Retail 1 4,907,937 1.90
Self Storage 2 10,029,714 3.89
Shadow Anchored Retail - - -
Single Tenant Retail 1 2,423,568 0.94
Unanchored Retail - - -
Other - - -
Total # Properties 21 257,886,272 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
TOP 10 STATES # $ %
<S> <C> <C> <C>
IL 1 119,577,993 46.37
CA 5 44,359,648 17.20
WA 1 16,087,967 6.24
MD 1 14,401,991 5.58
MA 1 13,650,000 5.29
PR 1 11,197,298 4.34
TX 2 6,033,980 2.34
NV 1 5,178,496 2.01
CT 1 4,907,937 1.90
UT 2 4,817,842 1.87
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
WEIGHTED AVERAGE NCF DSCR = 1.44x
min / max = 1.08x / 1.63x
NCF DSCR STRAT # $ %
<S> <C> <C> <C>
1.00 to 1.09 1 2,791,494 1.08
1.10 to 1.19 1 2,423,568 0.94
1.20 to 1.24 5 36,505,259 14.16
1.25 to 1.29 6 43,200,383 16.75
1.30 to 1.39 6 45,022,200 17.46
1.40 to 1.49 1 8,365,375 3.24
1.50 to 1.59 - - -
1.60 to 1.69 1 119,577,993 46.37
>= 1.70 7 8,386,575 3.15
Total # Loans 28 266,272,847 103.15
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C> <C>
------------------------------------- -----------------
Top 3 loans 59.90% Moody's
Top 5 loans 70.78% Herf Index
Top 10 loans 85.38% 13.15
------------------------------------- -----------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
AVERAGE BALANCE = $12.280 million
min / max 1.664 / 119.578
CURRENT BALANCE STRAT # $ %
<S> <C> <C> <C>
$0 to $999,999 - - -
$1,000,000 to $2,499,999 4 8,873,978 3.44
$2,500,000 to $4,999,999 7 28,829,498 11.18
$5,000,000 to $7,499,999 3 18,092,569 7.02
$7,500,000 to $9,999,999 1 8,365,375 3.24
$10,000,000 to $14,999,999 3 39,249,289 15.22
$15,000,000 to $24,999,999 2 34,897,570 13.53
$25,000,000 to $49,999,999 - - -
$50,000,000 to $119,999,999 1 119,577,993 46.37
Total # Loans 21 257,886,272 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
WAC = 8.149%
min / max 7.560 / 9.190
GROSS COUPON STRAT # $ %
<S> <C> <C> <C> <C>
0.00% to 7.24% - - -
7.25% to 7.49% - - -
7.50% to 7.74% 2 21,629,051 8.39
7.75% to 7.99% 4 132,904,008 51.54
8.00% to 8.24% 2 11,742,630 4.55
8.25% to 8.49% 4 20,009,895 7.76
8.50% to 8.74% 5 32,078,993 12.44
8.75% to 8.99% 3 35,251,096 13.67
>= 9.00% 1 4,270,597 1.66
Total # Loans 21 257,886,272 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
as of date: 12/1/00 WAM = 108.9
min / max 52.0 / 234.0
REMAINING TERM STRAT # $ %
<S> <C> <C> <C> <C>
0 to 83 2 17,920,597 6.95
84 to 107 6 49,497,953 19.19
108 to 119 12 188,044,153 72.92
120 to 143 - - -
144 to 179 - - -
180 to 215 - - -
216 to 239 1 2,423,568 0.94
>= 240 - - -
Total # Loans 21 257,886,272 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
WEIGHTED AVERAGE CURRENT LTV = 61.52%
min / max 47% / 78%
CURRENT LTV STRAT # $ %
<S> <C> <C> <C> <C>
0% to 49.99% 1 7,372,989 2.86
50.00% to 54.99% 1 119,577,993 46.37
55.00% to 59.99% - - -
60.00% to 64.99% 3 20,336,927 7.89
65.00% to 69.99% 5 47,290,982 18.34
70.00% to 74.99% 7 45,612,707 17.69
75.00% to 79.99% 4 17,694,674 6.86
>= 80.00% - - -
Total # Loans 21 257,886,272 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
PREPAY PROVISION STRAT # $ %
<S> <C> <C> <C>
Lockout/Defeasance 21 257,886,272 100.00
Lockout/> of YM or 1% - - -
Lockout/Declining Fee - - -
> of YM or 1% - - -
Total # Loans 21 257,886,272 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 4
SBMS VII, INC. 2000-C3
SBMS VII, INC. 2000-C3 LBNA ONLY as of date: 12/1/00 205,284,547
--------------------------------------------------------------------------------
Overview of Collateral Pool
<TABLE>
---------------------------------------------------------------------------------------------------
INSTITUTION #LOANS #PROPS $ %
<S> <C> <C> <C> <C>
GCM - - - -
SBRC - - - -
LBNA 27 27 205,284,547 100.00
AMCC - - - -
Total 27 27 205,284,547 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
UWNCF
---------------------------------------------------------------------------------------------------------------
DSCR TOP 10 LOANS $ %
<S> <C> <C>
1.24x Medical Mutual of Ohio (LBNA) 35,364,183 17.23
1.20x Jorie Plaza (LBNA) 22,800,000 11.11
1.58x Friedman Portfolio (Crossed Loan Group) (LBNA) 18,500,000 9.01
1.24x South Loop Market Place (LBNA) 18,235,848 8.88
1.20x Seattle-Mead Industrial Facilities (LBNA) 16,000,000 7.79
1.39x Hamilton Court Apartments (LBNA) 15,988,455 7.79
1.20x 29200 Northwestern Highway (LBNA) 10,268,535 5.00
1.05x GE/Montgomery Wards 9,148,751 4.46
- Col. Springs & GE / Montgomery Wards
- Pasadena Tx (Crossed) (LBNA)
1.50x Traders Tower - Self Park (LBNA) 8,343,003 4.06
1.11x Mabek CO L.P. (LBNA) 8,145,364 3.97
---------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
TOP 5 PROP TYPES # $ %
<S> <C> <C> <C>
Office 10 100,644,358 49.03
Multifamily 4 25,510,967 12.43
Anchored Retail 2 21,881,934 10.66
Industrial 2 16,902,239 8.23
Office/Retail 2 12,500,000 6.09
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
PROPERTY TYPE STRAT # $ %
<S> <C> <C> <C>
Anchored Retail 2 21,881,934 10.66
Hotel - - -
Industrial 2 16,902,239 8.23
Mobile Home Park 2 4,325,775 2.11
Multifamily 4 25,510,967 12.43
Office 10 100,644,358 49.03
Office (SR BBB-) - - -
Office/Industrial 1 3,641,184 1.77
Office/Retail 2 12,500,000 6.09
Self Storage - - -
Shadow Anchored Retail - - -
Single Tenant Retail 3 11,535,088 5.62
Unanchored Retail - - -
Other 1 8,343,003 4.06
Total # Properties 27 205,284,547 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
TOP 10 STATES # $ %
<S> <C> <C> <C>
IL 11 103,786,459 50.56
OH 2 38,810,733 18.91
MI 4 20,127,565 9.80
WA 1 16,000,000 7.79
FL 2 6,292,704 3.07
CO 1 5,966,577 2.91
NY 2 4,543,422 2.21
MA 1 3,646,086 1.78
TX 1 3,182,174 1.55
CA 1 1,795,756 0.87
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
WEIGHTED AVERAGE NCF DSCR = 1.28X
min / max = 1.05x / 1.58x
NCF DSCR STRAT # $ %
<S> <C> <C> <C> <C>
1.00 to 1.09 2 9,148,751 4.46
1.10 to 1.19 3 20,800,234 10.13
1.20 to 1.24 8 102,908,414 50.13
1.25 to 1.29 5 15,311,893 7.46
1.30 to 1.39 4 26,631,068 12.97
1.40 to 1.49 1 3,641,184 1.77
1.50 to 1.59 4 26,843,003 13.08
1.60 to 1.69 - - -
>= 1.70 7 8,386,575 3.92
Total # Loans 34 213,671,123 103.92
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------- -----------------
<S> <C> <C>
Top 3 loans 37.22% Moody's
Top 5 loans 52.80% Herf Index
Top 10 loans 73.63% 13.16
------------------------------------- -----------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
AVERAGE BALANCE = $7.603 MILLION
min / max 0.902 / 35.364
CURRENT BALANCE STRAT # $ %
<S> <C> <C> <C> <C>
$0 to $999,999 1 902,239 0.44
$1,000,000 to $2,499,999 4 6,811,690 3.32
$2,500,000 to $4,999,999 9 29,122,137 14.19
$5,000,000 to $7,499,999 4 23,303,095 11.35
$7,500,000 to $9,999,999 2 16,488,367 8.03
$10,000,000 to $14,999,999 2 20,268,535 9.87
$15,000,000 to $24,999,999 4 73,024,302 35.57
$25,000,000 to $49,999,999 1 35,364,183 17.23
$50,000,000 to $119,999,999 - - -
Total # Loans 27 205,284,547 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
WAC = 8.132%
min / max 7.280 / 9.000
GROSS COUPON STRAT # $ %
<S> <C> <C> <C>
0.00% to 7.24% - - -
7.25% to 7.49% 2 20,735,848 10.10
7.50% to 7.74% 5 41,137,206 20.04
7.75% to 7.99% 1 2,525,986 1.23
8.00% to 8.24% 4 26,279,157 12.80
8.25% to 8.49% 7 80,416,206 39.17
8.50% to 8.74% 6 17,701,778 8.62
8.75% to 8.99% 1 8,145,364 3.97
>= 9.00% 1 8,343,003 4.06
Total # Loans 27 205,284,547 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
as of date: 12/1/00 WAM = 115.8
min / max 67.0 / 142.0
REMAINING TERM STRAT # $ %
<S> <C> <C> <C>
0 to 83 2 10,729,339 5.23
84 to 107 2 10,671,350 5.20
108 to 119 15 114,537,309 55.79
120 to 143 8 69,346,549 33.78
144 to 179 - - -
180 to 215 - - -
216 to 239 - - -
>= 240 - - -
Total # Loans 27 205,284,547 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
WEIGHTED AVERAGE CURRENT LTV = 69.66%
min / max 48% / 80%
CURRENT LTV STRAT # $ %
<S> <C> <C> <C>
0% to 49.99% 2 16,488,367 8.03
50.00% to 54.99% - - -
55.00% to 59.99% - - -
60.00% to 64.99% 5 39,988,455 19.48
65.00% to 69.99% 3 12,582,604 6.13
70.00% to 74.99% 8 90,246,401 43.96
75.00% to 79.99% 9 45,978,721 22.40
>= 80.00% - - -
Total # Loans 27 205,284,547 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
PREPAY PROVISION STRAT # $ %
<S> <C> <C> <C>
Lockout/Defeasance 24 186,409,844 90.81
Lockout/> of YM or 1% - - -
Lockout/Declining Fee - - -
> of YM or 1% 3 18,874,703 9.19
Total # Loans 27 205,284,547 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 5
SBMS VII, INC. 2000-C3
SBMS VII, INC. 2000-C3 AMCC ONLY as of date: 12/1/00 114,046,135
--------------------------------------------------------------------------------
Overview of Collateral Pool
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
INSTITUTION #LOANS #PROPS $ %
<S> <C> <C> <C> <C>
GCM - - - -
SBRC - - - -
LBNA - - - -
AMCC 66 66 114,046,135 100.00
Total 66 66 114,046,135 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------
UWNCF
DSCR TOP 10 LOANS $ %
<S> <C> <C> <C>
1.30x Telex Building (AMCC) 6,781,144 5.95
1.24x Charnelton Place Office Building (AMCC) 6,709,489 5.88
1.31x K-Mart Shopping Center - Savannah (AMCC) 4,064,239 3.56
1.30x K-Mart Shopping Center - Nashville (AMCC) 3,815,939 3.35
1.35x 2150 Joshua's Path (AMCC) 3,773,850 3.31
1.25x Ver-Sa-Til (AMCC) 3,711,532 3.25
1.25x Pencader Corporate Center (AMCC) 3,603,874 3.16
1.28x Cedar Marketplace (AMCC) 3,175,358 2.78
1.29x The Shops at Enon Springs (AMCC) 2,884,068 2.53
1.21x Sierra Heartland Senior Apartments (AMCC) 2,843,557 2.49
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
TOP 5 PROP TYPES # $ %
<S> <C> <C> <C>
Office 16 33,233,867 29.14
Multifamily 17 17,580,410 15.42
Industrial 9 16,498,112 14.47
Office/Industrial 4 11,913,550 10.45
Unanchored Retail 5 8,458,425 7.42
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
PROPERTY TYPE STRAT # $ %
<S> <C> <C> <C>
Anchored Retail 4 8,412,364 7.38
Hotel 2 2,586,843 2.27
Industrial 9 16,498,112 14.47
Mobile Home Park - - -
Multifamily 17 17,580,410 15.42
Office 16 33,233,867 29.14
Office (SR BBB-) - - -
Office/Industrial 4 11,913,550 10.45
Office/Retail 4 5,117,415 4.49
Self Storage - - -
Shadow Anchored Retail 3 5,548,952 4.87
Single Tenant Retail 2 4,696,197 4.12
Unanchored Retail 5 8,458,425 7.42
Other - - -
Total # Properties 66 114,046,135 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
TOP 10 STATES # $ %
<S> <C> <C> <C>
CA 11 17,710,531 15.53
MN 7 17,195,826 15.08
OR 2 8,973,763 7.87
NY 3 8,142,208 7.14
TN 3 7,973,778 6.99
WA 5 6,817,951 5.98
DE 2 5,439,955 4.77
OK 3 4,250,762 3.73
GA 1 4,064,239 3.56
SD 4 3,970,399 3.48
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
WEIGHTED AVERAGE NCF DSCR = 1.37X
min / max = 1.05x / 3.94x
NCF DSCR STRAT # $ %
<S> <C> <C> <C>
1.00 to 1.09 1 1,455,429 1.28
1.10 to 1.19 2 2,411,057 2.11
1.20 to 1.24 11 22,764,579 19.96
1.25 to 1.29 17 39,036,235 34.23
1.30 to 1.39 13 25,457,934 22.32
1.40 to 1.49 9 10,332,369 9.06
1.50 to 1.59 4 3,065,096 2.69
1.60 to 1.69 2 1,136,862 1.00
>= 1.70 7 8,386,575 7.35
Total # Loans 66 114,046,135 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------- -----------------
<S> <C> <C>
Top 3 loans 15.39% Moody's
Top 5 loans 22.05% Herf Index
Top 10 loans 36.27% 42.93
------------------------------------- -----------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
AVERAGE BALANCE = $1.728 MILLION
min / max 0.495 / 6.781
CURRENT BALANCE STRAT # $ %
<S> <C> <C> <C>
$0 to $999,999 19 13,624,058 11.95
$1,000,000 to $2,499,999 34 51,114,632 44.82
$2,500,000 to $4,999,999 11 35,816,812 31.41
$5,000,000 to $7,499,999 2 13,490,633 11.83
$7,500,000 to $9,999,999 - - -
$10,000,000 to $14,999,999 - - -
$15,000,000 to $24,999,999 - - -
$25,000,000 to $49,999,999 - - -
$50,000,000 to $119,999,999 - - -
Total # Loans 66 114,046,135 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
WAC = 8.076%
min / max 6.750 / 9.350
GROSS COUPON STRAT # $ %
<S> <C> <C> <C>
0.00% to 7.24% 1 1,451,686 1.27
7.25% to 7.49% 11 10,964,445 9.61
7.50% to 7.74% 10 8,701,662 7.63
7.75% to 7.99% 10 15,090,669 13.23
8.00% to 8.24% 16 39,827,760 34.92
8.25% to 8.49% 8 16,315,795 14.31
8.50% to 8.74% 6 9,347,978 8.20
8.75% to 8.99% 3 11,743,828 10.30
>= 9.00% 1 602,312 0.53
Total # Loans 66 114,046,135 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
as of date: 12/1/00 WAM = 116.5
min / max 76.0 / 222.0
REMAINING TERM STRAT # $ %
<S> <C> <C> <C>
0 to 83 1 602,312 0.53
84 to 107 31 44,968,216 39.43
108 to 119 22 55,766,665 48.90
120 to 143 1 1,967,730 1.73
144 to 179 3 2,597,224 2.28
180 to 215 1 1,256,149 1.10
216 to 239 7 6,887,840 6.04
>=240 - - -
Total # Loans 66 114,046,135 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
WEIGHTED AVERAGE CURRENT LTV = 66.87%
min / max 22% / 76%
CURRENT LTV STRAT # $ %
<S> <C> <C> <C>
0% to 49.99% 6 5,203,836 4.56
50.00% to 54.99% 8 11,176,133 9.80
55.00% to 59.99% 5 5,915,205 5.19
60.00% to 64.99% 9 10,324,859 9.05
65.00% to 69.99% 13 20,550,053 18.02
70.00% to 74.99% 20 46,452,329 40.73
75.00% to 79.99% 5 14,423,720 12.65
>= 80.00% - - -
Total # Loans 66 114,046,135 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
PREPAY PROVISION STRAT # $ %
<S> <C> <C> <C>
Lockout/Defeasance 22 58,434,079 51.24
Lockout/> of YM or 1% 43 54,156,627 47.49
Lockout/Declining Fee 1 1,455,429 1.28
> of YM or 1% - - -
Total # Loans 66 114,046,135 100.00
---------------------------------------------------------------------------------------------------
</TABLE>
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