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Previous: MORGAN STANLEY CAPITAL I INC, 8-K, 1998-12-18 |
Next: MORGAN STANLEY CAPITAL I INC, 8-K, 1998-12-18 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: April 15, 1998
(Date of earliest event reported)
Morgan Stanley Capital I Inc.
Sponsor)
(Issuer in Respect of Commercial Mortgage Pass-Through
Certificates Series 1998-WF 1)
Exact name of registrant as specified in charter)
Delaware 333-45467 13-3291626
(State or other juris- (Commission (I.R.S. Employer
diction of organization) File No.) Identification No.)
1585 Broadway, New York, New York 10036
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code
(212) 296-7000
(Former name or former address, if changed since
last report.)
ITEM 5. OTHER EVENTS
This Current Report on Form 8-K relates to
the Trust Fund formed, and the Commercial Mortgage
Pass-Through Certificates Series 1998-WF1 issued pursuant
to, a Pooling and Servicing Agreement, dated as of
March 1, 1998 (the "Pooling and Servicing Agreement"),
by and among Morgan Stanley Capital I Inc., as sponsor,
Wells Fargo Bank, National Association, as master servicer,
CRIIMI MAE Services Limited Partnership as special servicer,
LaSalle National Bank, as trustee and REMIC administrator,
and ABN AMRO Bank, N.V., as fiscal agent. The Class A-1,
Class A-2, Class X-1, Class B, Class C, Class D, and class E
Certificates have been registered pursuant to the Act under
a Registration Statement on Form S-3(File No.333-45467) the
"Registration Statement").
Capitalized terms used herein and not defined
herein have the same meanings ascribed to such terms in the
Pooling and Servicing Agreement.
Pursuant to Section 3.20 of the Pooling and
Servicing Agreement, the Trustee is filing this Current
Report containing the November 16, 1998 monthly distribution
report.
This Current Report is being filed by the Trustee, in
its capacity as such under the Pooling and Servicing
Agreement, on behalf of the Registrant. The information
reported and contained herein has been supplied to the
Trustee by one or more of the Master Servicer, the Special
Servicer or other third parties without independent review
or investigation by the Trustee.
Pursuant to the Pooling and Servicing Agreement,
the Trustee is not responsible for the accuracy or
completeness of such information.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND
EXHIBITS
Exhibit No. Description
99.1 Monthly distribution report pursuant to
Section 4.02 of the Pooling and Servicing
Agreement for the distribution on
November 16, 1998.
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed
on behalf of the Registrant by the undersigned thereunto duly
authorized.
LASALLE NATIONAL BANK, IN ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND SERVICING AGREEMENT ON
BEHALF OF GS MORTGAGE SECURITIES CORPORATION II,
REGISTRANT
By: /s/ Russell Goldenberg
Russell Goldenberg,
Senior Vice President
Date: November 30, 1998
ABN AMRO
LaSalle National Bank
Administrator:
Brian Ames (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Morgan Stanley Capital I Inc., as Depositor
Wells Fargo Bank, National Association, as Master Servicer
CRIIMI MAE Services Limited Partnership, as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1998-WF1
ABN AMRO Acct: 67-7900-40-9
Statement Date: 11/16/98
Payment Date: 11/16/98
Prior Payment: 10/15/98
Record Date: 10/30/98
WAC: 7.926244%
WAMM: 109.6748178
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 3
Other Related Information 2
Asset Backed Facts Sheets 1
Delinquency Loan Detail 1
Mortgage Loan Characteristics 2
Total Pages Included In This P 10
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
Information is available for this issue from the following sources
LaSalle Web Site www.lnbabs.com
LaSalle Bulletin Board (714) 282-3990
LaSalle ASAP Fax System (312) 904-2200
ASAP #: 315
Monthly Data File Name: 0315MMYY.EXE
Original
Class Face Value (1)
CUSIP Per $1,000
A-1 363,000,000.00
61745MER0 1000.000000000
A-2 653,315,000.00
61745MES8 1000.000000000
X-1 1,392,212,342. N
US61745MEZ23/617 1000.000000000
X-2 763,756,000 N
US61745MEY57/617 1000.000000000
B 69,610,000.00
61745MET6 1000.000000000
C 69,610,000.00
61745MEU3 1000.000000000
D 69,611,000.00
61745MEV1 1000.000000000
E 31,325,000.00
61745MEW9 1000.000000000
F 24,364,000.00
US61745MEX74/617 1000.000000000
G 38,286,000.00
US61745MFA62/617 1000.000000000
H 10,441,000.00
US61745MFB46/617 1000.000000000
J 27,845,000.00
US61745MFC29/617 1000.000000000
K 10,441,000.00
US61745MFD02/617 1000.000000000
L 24,364,342.00
US61745MFE84/617 1000.000000000
R-3 0.00
9ABSB129 1000.000000000
1,392,212,342.00
Opening
Class Balance
CUSIP Per $1,000
A-1 353,685,296.36
61745MER0 974.339659394
A-2 653,315,000.00
61745MES8 1000.000000000
X-1 N 1,382,897,638.36
US61745MEZ23/61745MEZ2 993.309423168
X-2 N 763,756,000.00
US61745MEY57/61745MEY5 1000.000000000
B 69,610,000.00
61745MET6 1000.000000000
C 69,610,000.00
61745MEU3 1000.000000000
D 69,611,000.00
61745MEV1 1000.000000000
E 31,325,000.00
61745MEW9 1000.000000000
F 24,364,000.00
US61745MEX74/61745MEX7 1000.000000000
G 38,286,000.00
US61745MFA62/61745MFA6 1000.000000000
H 10,441,000.00
US61745MFB46/61745MFB4 1000.000000000
J 27,845,000.00
US61745MFC29/61745MFC2 1000.000000000
K 10,441,000.00
US61745MFD02/61745MFD0 1000.000000000
L 24,364,342.00
US61745MFE84/61745MFE8 1000.000000000
R-3 -
9ABSB129 0.000000000
1,382,897,638.36
Total P&I Payment 10,349,571.24
Principal
Payment
CUSIP Per $1,000
A-1 1,283,883.32
61745MER0 3.536868650
A-2 0.00
61745MES8 0.000000000
X-1 N 0.00
US61745MEZ23/61745MEZ2 0.000000000
X-2 N 0.00
US61745MEY57/61745MEY5 0.000000000
B 0.00
61745MET6 0.000000000
C 0.00
61745MEU3 0.000000000
D 0.00
61745MEV1 0.000000000
E 0.00
61745MEW9 0.000000000
F 0.00
US61745MEX74/61745MEX7 0.000000000
G 0.00
US61745MFA62/61745MFA6 0.000000000
H 0.00
US61745MFB46/61745MFB4 0.000000000
J 0.00
US61745MFC29/61745MFC2 0.000000000
K 0.00
US61745MFD02/61745MFD0 0.000000000
L 0.00
US61745MFE84/61745MFE8 0.000000000
R-3 0.00
9ABSB129 0.000000000
1,283,883.32
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
Principal
Class Adj. or Loss
CUSIP Per $1,000
A-1 0.00
61745MER0 0.000000000
A-2 0.00
61745MES8 0.000000000
X-1 N 0.00
US61745MEZ23/61745MEZ2 0.000000000
X-2 N 0.00
US61745MEY57/61745MEY5 0.000000000
B 0.00
61745MET6 0.000000000
C 0.00
61745MEU3 0.000000000
D 0.00
61745MEV1 0.000000000
E 0.00
61745MEW9 0.000000000
F 0.00
US61745MEX74/61745MEX7 0.000000000
G 0.00
US61745MFA62/61745MFA6 0.000000000
H 0.00
US61745MFB46/61745MFB4 0.000000000
J 0.00
US61745MFC29/61745MFC2 0.000000000
K 0.00
US61745MFD02/61745MFD0 0.000000000
L 0.00
US61745MFE84/61745MFE8 0.000000000
R-3 0.00
9ABSB129 0.000000000
Negative
Class Amortization
CUSIP Per $1,000
A-1 0.00
61745MER0 0.000000000
A-2 0.00
61745MES8 0.000000000
X-1 N 0.00
US61745MEZ23/61745MEZ2 0.000000000
X-2 N 0.00
US61745MEY57/61745MEY5 0.000000000
B 0.00
61745MET6 0.000000000
C 0.00
61745MEU3 0.000000000
D 0.00
61745MEV1 0.000000000
E 0.00
61745MEW9 0.000000000
F 0.00
US61745MEX74/61745MEX7 0.000000000
G 0.00
US61745MFA62/61745MFA6 0.000000000
H 0.00
US61745MFB46/61745MFB4 0.000000000
J 0.00
US61745MFC29/61745MFC2 0.000000000
K 0.00
US61745MFD02/61745MFD0 0.000000000
L 0.00
US61745MFE84/61745MFE8 0.000000000
R-3 0.00
9ABSB129 0.000000000
Closing
Class Balance
CUSIP Per $1,000
A-1 352,401,413.04
61745MER0 970.802790744
A-2 653,315,000.00
61745MES8 1000.000000000
X-1 N 1,381,613,755.04
US61745MEZ23/61745MEZ2 992.387233872
X-2 N 763,756,000.00
US61745MEY57/61745MEY5 1000.000000000
B 69,610,000.00
61745MET6 1000.000000000
C 69,610,000.00
61745MEU3 1000.000000000
D 69,611,000.00
61745MEV1 1000.000000000
E 31,325,000.00
61745MEW9 1000.000000000
F 24,364,000.00
US61745MEX74/61745MEX7 1000.000000000
G 38,286,000.00
US61745MFA62/61745MFA6 1000.000000000
H 10,441,000.00
US61745MFB46/61745MFB4 1000.000000000
J 27,845,000.00
US61745MFC29/61745MFC2 1000.000000000
K 10,441,000.00
US61745MFD02/61745MFD0 1000.000000000
L 24,364,342.00
US61745MFE84/61745MFE8 1000.000000000
R-3 0.00
9ABSB129 0.000000000
1,381,613,755.04
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
Interest
Class Payment
CUSIP Per $1,000
A-1 1,842,110.92
61745MER0 5.074685730
A-2 3,566,011.04
61745MES8 5.458333331
X-1 N 836,196.36
US61745MEZ23/61745MEZ2 0.600624154
X-2 N 709,847.25
US61745MEY57/61745MEY5 0.929416266
B 386,915.58
61745MET6 5.558333285
C 392,716.42
61745MEU3 5.641666715
D 413,025.27
61745MEV1 5.933333381
E 190,560.42
61745MEW9 6.083333440
F 148,214.33
US61745MEX74/61745MEX7 6.083333197
G 199,406.25
US61745MFA62/61745MFA6 5.208333333
H 54,380.21
US61745MFB46/61745MFB4 5.208333493
J 145,026.04
US61745MFC29/61745MFC2 5.208333273
K 54,380.21
US61745MFD02/61745MFD0 5.208333493
L 126,897.62
US61745MFE84/61745MFE8 5.208333556
R-3 0.00
9ABSB129 0.000000000
9,065,687.92
Total P&I Payment 10,349,571.24
Interest
Class Adjustment
CUSIP Per $1,000
A-1 0.00
61745MER0 0.000000000
A-2 0.00
61745MES8 0.000000000
X-1 N 0.00
US61745MEZ23/61745MEZ2 0.000000000
X-2 N 0.00
US61745MEY57/61745MEY5 0.000000000
B 0.00
61745MET6 0.000000000
C 0.00
61745MEU3 0.000000000
D 0.00
61745MEV1 0.000000000
E 0.00
61745MEW9 0.000000000
F 0.00
US61745MEX74/61745MEX7 0.000000000
G 0.00
US61745MFA62/61745MFA6 0.000000000
H 0.00
US61745MFB46/61745MFB4 0.000000000
J 0.00
US61745MFC29/61745MFC2 0.000000000
K 0.00
US61745MFD02/61745MFD0 0.000000000
L 0.00
US61745MFE84/61745MFE8 0.000000000
R-3 0.00
9ABSB129 0.000000000
0.00
Pass-Through
Class Rate (2)
CUSIP Next Rate (3)
A-1 6.25000000%
61745MER0 6.25000000%
A-2 6.55000000%
61745MES8 6.55000000%
X-1 N 0.72560369%
US61745MEZ23/61745MEZ2 0.64142250%
X-2 N 1.11529952%
US61745MEY57/61745MEY5 0.96629952%
B 6.67000000%
61745MET6 6.67000000%
C 6.77000000%
61745MEU3 6.77000000%
D 7.12000000%
61745MEV1 7.12000000%
E 7.30000000%
61745MEW9 7.30000000%
F 7.30000000%
US61745MEX74/61745MEX7 7.30000000%
G 6.25000000%
US61745MFA62/61745MFA6 6.25000000%
H 6.25000000%
US61745MFB46/61745MFB4 6.25000000%
J 6.25000000%
US61745MFC29/61745MFC2 6.25000000%
K 6.25000000%
US61745MFD02/61745MFD0 6.25000000%
L 6.25000000%
US61745MFE84/61745MFE8 6.25000000%
R-3
9ABSB129
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 363,000,000 353,685,296.36
None 1000.000000000 974.339659394
Regular Interest 129,715,000 129,715,000.00
None 1000.000000000 1000.000000000
Regular Interest 523,600,000 523,600,000.00
None 1000.000000000 1000.000000000
Regular Interest 69,610,00 69,610,000.00
None 1000.000000000 1000.000000000
Regular Interest 69,610,00 69,610,000.00
None 1000.000000000 1000.000000000
Regular Interest 69,611,00 69,611,000.00
None 1000.000000000 1000.000000000
Regular Interest 31,325,00 31,325,000.00
None 1000.000000000 1000.000000000
Regular Interest 24,364,00 24,364,000.00
None 1000.000000000 1000.000000000
Regular Interest 38,286,00 38,286,000.00
None 1000.000000000 1000.000000000
Regular Interest 10,441,00 10,441,000.00
None 1000.000000000 1000.000000000
Regular Interest 27,845,00 27,845,000.00
None 1000.000000000 1000.000000000
Regular Interest 10,441,00 10,441,000.00
None 1000.000000000 1000.000000000
Regular Interest 24,364,34 24,364,342.00
None 1000.000000000 1000.000000000
R-2 -
9ABSB106 1000.000000000 0.000000000
1,392,212,342. 1,382,897,638.36
Principal Principal
Class Payment Adj. or Loss
CUSIP Per $1,000 Per $1,000
Regular Interest 1,283,883.32 0.00
None 3.536868650 0.000000000
Regular Interest 0.00 0.00
None 0.000000000 0.000000000
Regular Interest 0.00 0.00
None 0.000000000 0.000000000
Regular Interest 0.00 0.00
None 0.000000000 0.000000000
Regular Interest 0.00 0.00
None 0.000000000 0.000000000
Regular Interest 0.00 0.00
None 0.000000000 0.000000000
Regular Interest 0.00 0.00
None 0.000000000 0.000000000
Regular Interest 0.00 0.00
None 0.000000000 0.000000000
Regular Interest 0.00 0.00
None 0.000000000 0.000000000
Regular Interest 0.00 0.00
None 0.000000000 0.000000000
Regular Interest 0.00 0.00
None 0.000000000 0.000000000
Regular Interest 0.00 0.00
None 0.000000000 0.000000000
Regular Interest 0.00 0.00
None 0.000000000 0.000000000
R-2 0.00 0.00
9ABSB106 0.000000000 0.000000000
1,283,88 0.00
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 0.00 352,401,413.04
None 0.000000000 970.802790744
Regular Interest 0.00 129,715,000.00
None 0.000000000 1000.000000000
Regular Interest 0.00 523,600,000.00
None 0.000000000 1000.000000000
Regular Interest 0.00 69,610,000.00
None 0.000000000 1000.000000000
Regular Interest 0.00 69,610,000.00
None 0.000000000 1000.000000000
Regular Interest 0.00 69,611,000.00
None 0.000000000 1000.000000000
Regular Interest 0.00 31,325,000.00
None 0.000000000 1000.000000000
Regular Interest 0.00 24,364,000.00
None 0.000000000 1000.000000000
Regular Interest 0.00 38,286,000.00
None 0.000000000 1000.000000000
Regular Interest 0.00 10,441,000.00
None 0.000000000 1000.000000000
Regular Interest 0.00 27,845,000.00
None 0.000000000 1000.000000000
Regular Interest 0.00 10,441,000.00
None 0.000000000 1000.000000000
Regular Interest 0.00 24,364,342.00
None 0.000000000 1000.000000000
R-2 0.00 0.00
9ABSB106 0.000000000 0.000000000
Interest
Class Payment
CUSIP Per $1,000
Regular Interest 2,318,610.16
None 6.387355813
Regular Interest 850,356.29
None 6.555574066
Regular Interest 3,432,498.59
None 6.555574083
Regular Interest 456,333.51
None 6.555574055
Regular Interest 456,333.51
None 6.555574055
Regular Interest 456,340.07
None 6.555574119
Regular Interest 205,353.36
None 6.555574142
Regular Interest 159,720.01
None 6.555574208
Regular Interest 250,986.71
None 6.555574100
Regular Interest 68,446.75
None 6.555574179
Regular Interest 182,539.96
None 6.555574071
Regular Interest 68,446.75
None 6.555574179
Regular Interest 159,722.25
None 6.555574125
R-2 113.42
9ABSB106 0.000081467
Total P&I Paymen 10,349,684.66
Interest Pass-Through
Class Adjustment Rate (2)
CUSIP Per $1,000 Next Rate (3)
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
R-2 0.00
9ABSB106 0.000000000
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
Original
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Regular Interest1,392,229,645.11,382,914,941.53
None 1000.000000000 993.309506322
R-I 0.00 0.00
9ABSB105 1000.000000000 0.000000000
Opening Principal
Class Payment Adj. or Loss
CUSIP Per $1,000 Per $1,000
Regular Interest 1,283,883.32 0.00
None 0.922177835 0.000000000
R-I 0.00 0.00
9ABSB105 0.000000000 0.000000000
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
Negative Closing
Class Amortization Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 0.00 0.00
None 0.000000000 0.000000000
R-I 0.00 0.00
9ABSB105 0.000000000 0.000000000
Interest
Class Payment
CUSIP Per $1,000
Regular Interest1,381,631,058.21
None 992.387328487
R-I 0.00
9ABSB105 0.000000000
Total P&I Paymen 10,349,684.66
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
Class Adjustment Rate (2)
CUSIP Per $1,000 Next Rate (3)
Regular Interest 0.00 7.86668889%
None 0.000000000 7.70096857%
R-I 0.00
9ABSB105 0.000000000
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
0
0
Class
CUSIP
0
Regular Interests
None
R-I
9ABSB105
0
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
0
0
Class
CUSIP
0
Regular Interests
None
R-I
9ABSB105
0
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
0
0
Class
CUSIP
0
Regular Interests
None
R-I
9ABSB105
0
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
0
0
Class
CUSIP
0
Regular Interests
None
R-I
9ABSB105
0
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
0
0
Class
CUSIP
0
Regular Interests
None
R-I
9ABSB105
0
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
0
0
Class
CUSIP
0
Regular Interests
None
R-I
9ABSB105
0
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
0
0
Class
CUSIP
0
Regular Interests
None
R-I
9ABSB105
0
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
0
0
Class
CUSIP
0
Regular Interests
None
R-I
9ABSB105
0
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
0
0
Class
CUSIP
0
Regular Interests
None
R-I
9ABSB105
0
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
0
0
Class
CUSIP
0
Regular Interests
None
R-I
9ABSB105
0
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
0
0
Class
CUSIP
0
Regular Interests
None
R-I
9ABSB105
0
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
0
0
Class
CUSIP
0
ABN AMRO
LaSalle National Bank
Administrator:
Brian Ames (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Morgan Stanley Capital I Inc., as Depositor
Wells Fargo Bank, National Association, as Master Servicer
CRIIMI MAE Services Limited Partnership, as Special Servicer
Commercial Mortgage Pass-Through Certificates
Series 1998-WF1
ABN AMRO Acct: 67-7900-40-9
Other Related Information
Statement Date: 11/16/98
Payment Date: 11/16/98
Prior Payment: 10/15/98
Record Date: 10/30/98
Certificate Excess Prepay Unpaid
Class Interest Shortfall Interest
A-1 0.00 0.00
A-2 0.00 0.00
X-1 0.00 0.00
X-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
J 0.00 0.00
K 0.00 0.00
L 0.00 0.00
Totals: 0.00 0.00
Certificate Deferred
Class Interest
A-1 0.00
A-2 0.00
X-1 0.00
X-2 0.00
B 0.00
C 0.00
D 0.00
E 0.00
F 0.00
G 0.00
H 0.00
J 0.00
K 0.00
L 0.00
Totals: 0.00
Certificate Appraisal Reduction Yield Maint.
Class Capitalization Amt Premiums
A-1 0.00 0.00
A-2 0.00 0.00
X-1 0.00 0.00
X-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
J 0.00 0.00
K 0.00 0.00
L 0.00 0.00
Totals: 0.00 0.00
Advances
Prior Outstanding
Principal Interest
Servicer: 64,701.18 462,359.14
Trustee: 0.00 0.00
Fiscal Agent: 0.00 0.00
Totals: 64,701.18 462,359.14
Current Month
Principal Interest
Servicer: 10,698.63 105,021.79
Trustee: 0.00 0.00
Fiscal Agent: 0.00 0.00
Totals: 10,698.63 105,021.79
Recovered
Principal Interest
Servicer: 62,015.22 437,181.68
Trustee: 0.00 0.00
Fiscal Agent: 0.00 0.00
Totals: 62,015.22 437,181.68
Advances Outstanding
Principal Interest
Servicer: 13,384.59 130,199.25
Trustee: 0.00 0.00
Fiscal Agent: 0.00 0.00
Totals: 13,384.59 130,199.25
Current Period Scheduled Servicing Fe 59,215.37
Current Period Scheduled Standby Spec 5,885.71
Additional Servicing Compensation: 0.00
Current Period Scheduled Trustee Fees 3,531.42
Summary of REO Property:
Principal
Property Name Date of REO Balance
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
Totals: 0.00 0.00
Property Name Book Value
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
Totals: 0.00
Date of Final Amount
Property Name Recovery of Proceeds
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
Totals: 0.00
Appraised value of real estate acquired through foreclosure or
grant of a deed in lieu of foreclosure:
Summary of Appraisal Reductions:
Principal
Property Name Loan Number Balance
0.00 0 0.00
0.00 0 0.00
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0.00
0 0 0.00
Totals: 0 0.00
Appraisal Appraisal
Property Name Reduction Amount Date
0 0 0.00
0 0 0.00
0 0 0
0 0 0.00
0 0 0
0 0 0
0 0 0.00
0 0 0.00
Totals: 0.00 0
Date of
Property Name Reduction
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Totals: 0
Distribution Delinq 1 Month
Date
11/16/98 1 3,772,779
01/00/00 0.33% 0.27%
10/15/98 0 0
01/00/00 0.00% 0.00%
09/15/98 0 0
01/00/00 0.00% 0.00%
08/17/98 0 0
01/00/00 0.00% 0.00%
07/15/98 0 0
01/00/00 0.00% 0.00%
06/15/98 0 0
01/00/00 0.00% 0.00%
05/15/98 0 0
01/00/00 0.00% 0.00%
04/15/98 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
Distribution Delinq 2 Months
Date
11/16/98 0 0
01/00/00 0.00% 0.00%
10/15/98 0 0
01/00/00 0.00% 0.00%
09/15/98 0 0
01/00/00 0.00% 0.00%
08/17/98 0 0
01/00/00 0.00% 0.00%
07/15/98 0 0
01/00/00 0.00% 0.00%
06/15/98 0 0
01/00/00 0.00% 0.00%
05/15/98 0 0
01/00/00 0.00% 0.00%
04/15/98 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
Note: Foreclosure and REO Totals are Included in the
Appropriate Delinquency Aging Category
Distribution Delinq 3+ Months
Date
11/16/98 0 0
01/00/00 0.00% 0.00%
10/15/98 0 0
01/00/00 0.00% 0.00%
09/15/98 0 0
01/00/00 0.00% 0.00%
08/17/98 0 0
01/00/00 0.00% 0.00%
07/15/98 0 0
01/00/00 0.00% 0.00%
06/15/98 0 0
01/00/00 0.00% 0.00%
05/15/98 0 0
01/00/00 0.00% 0.00%
04/15/98 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
Distribution Foreclosure/Bankruptcy
Date
11/16/98 0 0
01/00/00 0.00% 0.00%
10/15/98 0 0
01/00/00 0.00% 0.00%
09/15/98 0 0
01/00/00 0.00% 0.00%
08/17/98 0 0
01/00/00 0.00% 0.00%
07/15/98 0 0
01/00/00 0.00% 0.00%
06/15/98 0 0
01/00/00 0.00% 0.00%
05/15/98 0 0
01/00/00 0.00% 0.00%
04/15/98 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
Note: Foreclosure and REO Totals are Included in the
Appropriate Delinquency Aging Category
Distribution REO
Date
11/16/98 0 0
01/00/00 0.00% 0.00%
10/15/98 0 0
01/00/00 0.00% 0.00%
09/15/98 0 0
01/00/00 0.00% 0.00%
08/17/98 0 0
01/00/00 0.00% 0.00%
07/15/98 0 0
01/00/00 0.00% 0.00%
06/15/98 0 0
01/00/00 0.00% 0.00%
05/15/98 0 0
01/00/00 0.00% 0.00%
04/15/98 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
Distribution Modifications
Date
11/16/98 0 0
01/00/00 0.00% 0.00%
10/15/98 0 0
01/00/00 0.00% 0.00%
09/15/98 0 0
01/00/00 0.00% 0.00%
08/17/98 0 0
01/00/00 0.00% 0.00%
07/15/98 0 0
01/00/00 0.00% 0.00%
06/15/98 0 0
01/00/00 0.00% 0.00%
05/15/98 0 0
01/00/00 0.00% 0.00%
04/15/98 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
Note: Foreclosure and REO Totals are Included in the
Appropriate Delinquency Aging Category
Distribution Prepayments
Date
11/16/98 0 0
01/00/00 0.00% 0.00%
10/15/98 0 0
01/00/00 0.00% 0.00%
09/15/98 0 0
01/00/00 0.00% 0.00%
08/17/98 0 0
01/00/00 0.00% 0.00%
07/15/98 0 0
01/00/00 0.00% 0.00%
06/15/98 0 0
01/00/00 0.00% 0.00%
05/15/98 0 0
01/00/00 0.00% 0.00%
04/15/98 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
01/00/00 0 0
01/00/00 0.00% 0.00%
Distribution Curr Weighted Avg.
Date
11/16/98 7.9262% 7.8667%
01/00/00 0.0000% 0.0000%
10/15/98 7.7591% 7.7011%
01/00/00 0.0000% 0.0000%
09/15/98 7.9263% 7.8667%
01/00/00 0.0000% 0.0000%
08/17/98 7.9263% 7.8668%
01/00/00 0.0000% 0.0000%
07/15/98 7.7592% 7.7012%
01/00/00 0.0000% 0.0000%
06/15/98 7.9268% 7.8673%
01/00/00 0.0000% 0.0000%
05/15/98 7.7593% 7.7013%
01/00/00 0.0000% 0.0000%
04/15/98 7.9268% 7.8673%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
01/00/00 0.0000% 0.0000%
Note: Foreclosure and REO Totals are Included in the
Appropriate Delinquency Aging Category
Delinquent Loan Detail
Paid
Disclosure Doc Thru
Control # Date
211 10/01/98
108 10/01/98
128 09/01/98
168 10/01/98
194 10/01/98
Total 0.00 0.00
Delinquent Loan Detail
Outstanding
Disclosure Doc Current P&I P&I
Control # Advance Advances**
211 15,231.63 15,231.63
108 33,227.08 33,227.08
128 27,860.19 55,723.61
168 21,863.66 21,863.66
194 17,537.86 17,537.86
Total 115,720.42
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the
Out. Property
Disclosure Doc Protection Advance
Control # Advances Description (1)
211 0.00 B
108 0.00 B
128 0.00 1
168 0.00 B
194 0.00 B
Total 0.00
Special
Disclosure Doc Servicer
Control # Transfer Date
211
108
128
168
194
Total
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the
Disclosure Doc Foreclosure Bankruptcy
Control # Date Date
211
108
128
168
194
Disclosure Doc REO
Control # Date
0
211
108
128
168
194
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the
current period P&I Advance
Delinquent Loan Detail
Paid
Disclosure Doc Thru Current P&I
Control # Date Advance
Delinquent Loan Detail
Outstanding
Disclosure Doc P&I
Control # Advances**
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the
current period P&I Advance
Out. Property
Disclosure Doc Protection Advance
Control # Advances Description (1)
Special
Disclosure Doc Servicer
Control # Transfer Date
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the
current period P&I Advance
Disclosure Doc Foreclosure Bankruptcy REO
Control # Date Date Date
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the
current period P&I Advance
Delinquent Loan Detail
Paid
Disclosure Doc Thru Current P&I
Control # Date Advance
Outstanding
Disclosure Doc P&I
Control # Advances**
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the
current period P&I Advance
Out. Property
Protection Advance
Disclosure Doc Advances Description (1)
Special
Servicer
Disclosure Doc Transfer Date
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the
current period P&I Advance
Disclosure Doc Foreclosure Bankruptcy REO
Control # Date Date Date
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the
current period P&I Advance
Pool Total
Distribution of Principal Balances
Current Scheduled Number
Balances of Loans
$0 to 1,000,000.0 21.0
$1,000,001 to 2,000,000.0 76.0
$2,000,000 to 3,000,000.0 57.0
$3,000,000 to 4,000,000.0 38.0
$4,000,000 to 5,000,000.0 33.0
$5,000,000 to 6,000,000.0 23.0
$6,000,000 to 7,000,000.0 6.0
$7,000,000 to 8,000,000.0 11.0
$8,000,000 to 9,000,000.0 5.0
$9,000,000 to 10,000,000.0 2.0
$10,000,000 to 11,000,000.0 3.0
$11,000,000 to 12,000,000.0 4.0
$12,000,000 to 13,000,000.0 8.0
$13,000,000 to 14,000,000.0 2.0
$14,000,000 to 15,000,000.0 0.0
$15,000,000 to 16,000,000.0 1.0
$16,000,000 to 17,000,000.0 0.0
$17,000,000 to 18,000,000.0 1.0
$18,000,000 to 19,000,000.0 1.0
$19,000,000 & Above 7.0
Total 299
Current Scheduled Scheduled
Balances Balance
0 to 1000000 18,139,498.3
1000001 to 2000000 114,581,619.0
2000000.01 to 3000000 141,401,758.2
3000000.01 to 4000000 135,733,084.9
4000000.01 to 5000000 147,157,811.7
5000000.01 to 6000000 127,596,924.6
6000000.01 to 7000000 39,149,883.5
7000000.01 to 8000000 82,771,984.9
8000000.01 to 9000000 42,500,016.1
9000000.01 to 10000000 18,752,394.0
10000000.01 to 11000000 30,790,908.6
11000000.01 to 12000000 44,947,922.3
12000000.01 to 13000000 101,011,703.5
13000000.01 to 14000000 27,880,301.4
14000000.01 to 15000000 0.0
15000000.01 to 16000000 15,837,662.5
16000000.01 to 17000000 0.0
17000000.01 to 18000000 17,072,704.0
18000000.01 to 19000000 18,807,738.8
19000000.01 & Above 257,497,142.2
Total 1,381,631,058.21
Current Scheduled Based on
Balances Balance
0 to 1000000 1.31%
1000001 to 2000000 8.29%
2000000.01 to 3000000 10.23%
3000000.01 to 4000000 9.82%
4000000.01 to 5000000 10.65%
5000000.01 to 6000000 9.24%
6000000.01 to 7000000 2.83%
7000000.01 to 8000000 5.99%
8000000.01 to 9000000 3.08%
9000000.01 to 10000000 1.36%
10000000.01 to 11000000 2.23%
11000000.01 to 12000000 3.25%
12000000.01 to 13000000 7.31%
13000000.01 to 14000000 2.02%
14000000.01 to 15000000 0.00%
15000000.01 to 16000000 1.15%
16000000.01 to 17000000 0.00%
17000000.01 to 18000000 1.24%
18000000.01 to 19000000 1.36%
19000000.01 & Above 18.64%
Total 100.00%
Average Scheduled Balance is 4,620,840
Maximum Scheduled Balance is 59,341,871
Minimum Scheduled Balance is 443,864
Distribution of Property Types
Number Scheduled
Property Types of Loans Balance
Retail 84 359,206,415.03
Multifamily 71 347,097,287.31
Lodging 21 220,014,300.54
Industrial 64 196,567,679.13
Office 36 180,671,687.49
Mobile Home 6 42,318,685.97
Self Storage 12 21,848,936.90
Mixed Use 5 13,906,065.84
Total 299 1,381,631,058.21
Based on
Property Types Balance
Retail 26.00%
Multifamily 25.12%
Lodging 15.92%
Industrial 14.23%
Office 13.08%
Mobile Home 3.06%
Self Storage 1.58%
Mixed Use 1.01%
Total 100.00%
Geographic Distribution
Number Scheduled
Geographic Locatiof Loans Balance
California 115 486,312,885.59
Texas 37 122,582,991.93
Arizona 9 75,513,212.85
Ohio 13 71,023,844.17
Nevada 13 61,326,137.08
Pennsylvania 6 60,765,928.71
New York 5 43,019,950.94
Utah 7 39,707,175.22
Maryland 2 36,601,083.15
Massachusetts 3 35,262,568.99
Florida 12 34,688,407.51
Minnesota 2 33,294,544.20
Washington 7 31,413,045.74
Colorado 6 29,228,756.91
Indiana 7 26,130,029.79
Louisiana 4 23,313,122.65
North Carolina 6 19,419,965.87
Michigan 6 19,063,614.64
Virginia 2 18,057,606.99
New Jersey 5 16,254,404.45
Georgia 5 13,908,160.95
Oregon 2 12,859,450.71
Illinois 3 11,419,724.63
Vermont 2 9,947,296.66
Missouri 3 7,775,831.65
Connecticut 2 6,865,497.18
Idaho 4 5,735,491.65
New Hampshire 1 4,665,996.98
Mississippi 1 4,613,943.30
Iowa 1 4,078,527.44
Other 8 16,781,859.68
Total 299 1,381,631,058.21
Based on
Geographic Locati Balance
California 35.20%
Texas 8.87%
Arizona 5.47%
Ohio 5.14%
Nevada 4.44%
Pennsylvania 4.40%
New York 3.11%
Utah 2.87%
Maryland 2.65%
Massachusetts 2.55%
Florida 2.51%
Minnesota 2.41%
Washington 2.27%
Colorado 2.12%
Indiana 1.89%
Louisiana 1.69%
North Carolina 1.41%
Michigan 1.38%
Virginia 1.31%
New Jersey 1.18%
Georgia 1.01%
Oregon 0.93%
Illinois 0.83%
Vermont 0.72%
Missouri 0.56%
Connecticut 0.50%
Idaho 0.42%
New Hampshire 0.34%
Mississippi 0.33%
Iowa 0.30%
Other 1.21%
Total 100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number
Interest Rate of Loans
6.500% or less 0
6.500% to 7.000% 13
7.000% to 7.500% 76
7.500% to 8.000% 103
8.000% to 8.500% 75
8.500% to 9.000% 25
9.000% to 9.500% 6
9.500% to 10.000% 1
10.000% to 10.500% 0
10.500% to 11.000% 0
11.000% to 11.500% 0
11.500% to 12.000% 0
12.000% to 12.500% 0
12.500% to 13.000% 0
13.000% & Above 0
Total 299
Current Mortgage Scheduled
Interest Rate Balance
6.500% or less 0.00
6.500% to 7.000% 85,766,296.07
7.000% to 7.500% 410,167,582.80
7.500% to 8.000% 478,648,587.39
8.000% to 8.500% 288,166,938.68
8.500% to 9.000% 103,013,893.45
9.000% to 9.500% 11,789,232.38
9.500% to 10.000% 4,078,527.44
10.000% to 10.500% 0.00
10.500% to 11.000% 0.00
11.000% to 11.500% 0.00
11.500% to 12.000% 0.00
12.000% to 12.500% 0.00
12.500% to 13.000% 0.00
13.000% & Above 0.00
Total 1,381,631,058.21
Current Mortgage Based on
Interest Rate Balance
6.500% or less 0.00%
6.500% to 7.000% 6.21%
7.000% to 7.500% 29.69%
7.500% to 8.000% 34.64%
8.000% to 8.500% 20.86%
8.500% to 9.000% 7.46%
9.000% to 9.500% 0.85%
9.500% to 10.000% 0.30%
10.000% to 10.500% 0.00%
10.500% to 11.000% 0.00%
11.000% to 11.500% 0.00%
11.500% to 12.000% 0.00%
12.000% to 12.500% 0.00%
12.500% to 13.000% 0.00%
13.000% & Above
Total 100.00%
W/Avg Mortgage Interest Rate is 7.7597%
Minimum Mortgage Interest Rate is 6.7600%
Maximum Mortgage Interest Rate is 9.8300%
Loan Seasoning
Number Scheduled
Number of Years of Loans Balance
1 year or less 116 613,426,660.15
1+ to 2 years 182 765,126,769.90
2+ to 3 years 1 3,077,628.16
3+ to 4 years 0 0.00
4+ to 5 years 0 0.00
5+ to 6 years 0 0.00
6+ to 7 years 0 0.00
7+ to 8 years 0 0.00
8+ to 9 years 0 0.00
9+ to 10 years 0 0.00
10 years or more 0 0.00
Total 299 1,381,631,058.21
Number Based on
Number of Years of Loans Balance
1 year or less 116 44.40%
1+ to 2 years 182 55.38%
2+ to 3 years 1 0.22%
3+ to 4 years 0 0.00%
4+ to 5 years 0 0.00%
5+ to 6 years 0 0.00%
6+ to 7 years 0 0.00%
7+ to 8 years 0 0.00%
8+ to 9 years 0 0.00%
9+ to 10 years 0 0.00%
10 years or more 0 0.00%
Total 299 100.00%
Distribution of Remaining Term
Fully Amortizing
Fully Amortizing Number Scheduled
Mortgage Loans of Loans Balance
60 months or less 0 0.00
61 to 120 months 1 1,305,407.28
121 to 180 months 10 19,581,988.03
181 to 240 months 18 50,584,048.41
241 to 360 months 0 0.00
Total 29 71,471,443.72
Weighted Average Months to Maturity i199
Fully Amortizing Number Based on
Mortgage Loans of Loans Balance
60 months or less 0 0.00%
61 to 120 months 1 0.09%
121 to 180 months 10 1.42%
181 to 240 months 18 3.66%
241 to 360 months 0 0.00%
Total 29 5.17%
Distribution of DSCR
Debt Service Number
Coverage Ratio (1) of Loans
0.500 or less 0
0.500 to 0.625 0
0.625 to 0.750 0
0.750 to 0.875 0
0.875 to 1.000 0
1.000 to 1.125 0
1.125 to 1.250 18
1.250 to 1.375 60
1.375 to 1.500 68
1.500 to 1.625 65
1.625 to 1.750 27
1.750 to 1.875 18
1.875 to 2.000 15
2.000 to 2.125 11
2.125 & above 17
Unknown 0
Total 299
Distribution of D Scheduled Based on
0Balance Balance
0 0.00 0.00%
0.5 0.00 0.00%
0.5001 0.00 0.00%
0.6251 0.00 0.00%
0.7501 0.00 0.00%
0.8751 0.00 0.00%
1.0001 83,626,557.94 6.05%
1.1251 289,579,990.28 20.96%
1.2501 357,855,224.40 25.90%
1.3751 301,091,302.95 21.79%
1.5001 132,148,332.51 9.56%
1.6251 94,287,123.97 6.82%
1.7501 34,537,683.52 2.50%
1.8751 43,945,640.41 3.18%
2.0001 44,559,202.23 3.23%
2.1251 0.00 0.00
Unknown 0.00 0.00
Total 1,381,631,058.21 1.00
Weighted Average Debt Service Coverage
Ratio is 1.540742
Distribution of Amortization Type
Number Scheduled
Amortization Typeof Loans Balance
Fully Amortizing 29 71,471,443.72
Amortizing Balloo 269 1,280,159,614.49
Interest Only / B 1 30,000,000.00
Total 299 1,381,631,058.21
Based on
Amortization Type Balance
Fully Amortizing 5.17%
Amortizing Balloo 92.66%
Interest Only / B 2.17%
Total 100.00%
Distribution of Remaining Term
Balloon Number Scheduled
Mortgage Loans of Loans Balance
12 months or less 0 0.00
13 to 24 months 0 0.00
25 to 36 months 0 0.00
37 to 48 months 4 54,467,304.79
49 to 60 months 3 36,942,755.39
61 to 120 months 245 1,166,637,111.42
121 to 180 months 15 40,200,085.02
181 to 240 months 3 11,912,357.87
Total 270 1,310,159,614.49
Balloon Based on
Mortgage Loans Balance
12 months or less 0.00%
13 to 24 months 0.00%
25 to 36 months 0.00%
37 to 48 months 3.94%
49 to 60 months 2.67%
61 to 120 months 84.44%
121 to 180 months 2.91%
181 to 240 months 0.86%
Total 94.83%
NOI Aging
Number Scheduled
NOI Date of Loans Balance
1 year or less 0 0.00
1 to 2 years 0 0.00
2 Years or More 0 0.00
Unknown 299 1,381,631,058.21
Total 299 1,381,631,058.21
Based on
NOI Date Balance
1 year or less 0.00%
1 to 2 years 0.00%
2 Years or More 0.00%
Unknown 100.00%
Total 100.00%
Specially Serviced Loan Detail
Beginning
Disclosure Scheduled Interest Maturity
Control # Balance Rate Date
0
Legend :
1) Request for waiver of Prepayment Penalty
2) Payment default
3) Request for Loan Modification or Workout
4) Loan with Borrower Bankruptcy
5) Loan in Process of Foreclosure
6) Loan now REO Property
7) Loans Paid Off
8) Loans Returned to Master Servicer
Disclosure Property Serviced
Control # Type Status Code (1)
0
0
0 0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Disclosure
Control # Comments
0
0
0 0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Legend :
1) Request for waiver of Prepayment Penalty
2) Payment default
3) Request for Loan Modification or Workout
4) Loan with Borrower Bankruptcy
5) Loan in Process of Foreclosure
6) Loan now REO Property
7) Loans Paid Off
8) Loans Returned to Master Servicer
Modified Loan Detail
Disclosure Modification Modification
Control # Date Description
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Realized Loss Detail
Dist. Disclosure Appraisal
Date Control # Date
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Current Total
Cumulative
Dist. Disclosure Appraisal
Date Control # Value
0 0
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
Current Total 0.00
Cumulative 0.00
Beginning
Dist. Disclosure Scheduled
Date Control # Balance
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
Current Total 0.00
Cumulative 0.00
Dist. Disclosure Gross
Date Control # Proceeds
0 0
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
Current Total 0.00
Cumulative 0.00
Gross Proceeds
Dist. Disclosure as a % of
Date Control # Sched Principal
0 0
0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Current Total 0
Cumulative 0
Aggregate
Dist. Disclosure Liquidation
Date Control # Expenses *
0 0
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
Current Total 0.00
Cumulative 0.00
Net
Dist. Disclosure Liquidation
Date Control # Proceeds
0 0
0 0
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
Current Total 0.00
Cumulative 0.00
Net Proceeds
Dist. as a % of Realized
Date Sched. Balance Loss
0
0
0
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
Current Total 0.00 0.00
Cumulative 0.00 0.00
_
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