|
|
|
|
|
|
|
|
|
|
Previous: FIRST UNION COMMERCIAL MORTGAGE SECURITIES INC, 8-K, 1998-10-22 |
Next: FIRST UNION COMMERCIAL MORTGAGE SECURITIES INC, 8-K, 1998-10-22 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
and Exchange Act of 1934
Date of Report: 04/18/98
(Date of earliest event reported)
First Union Commercial Mortgage Securities, Inc.
(Exact name of registrant as specified in governing instruments)
North Carolina
(State or other Jurisdiction of Incorporation)
c/o State Street Bank and Trust Company
Corporate Trust Department
Two International Place, 5th Floor
Boston, MA 02110
(Address of Principal Executive Offices) (Zip Code)
(704) 374-6828
(Registrant's telephone number, including area code)
Commission File Number 33-97994
56-1643598 (I.R.S. Employer Identification No.)
Not Applicable
(Former name, former address and former fiscal year if changed
since last report)
<PAGE>
First Union Commercial Mortgage Securities, Inc.
Series 1997-C1
FORM 8-K
INDEX
ITEM DESCRIPTION PAGE NUMBER
Item 5. Other Event 3
Item 7. Financial Statements and
Exhibits 3
Signatures 3
Exhibit A Trustee's Report to
Bondholders 4
<PAGE>
First Union Commercial Mortgage Securities, Inc.
Series 1997-C1
FORM 8-K
ITEMS AND SIGNATURES
ITEMS
Item 5. Other Events
See Exhibit A, the Trustee's Report to Bondholders attached hereto.
Item 7. Financial Statements and Exhibits
See Exhibit A, the Trustee's Report to Bondholders attached hereto.
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934,
the registrar has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
First Union Commercial Mortgage Securities, Inc.
Series 1997-C1
(Registrant)
Date: 04/18/98
By:
Name: David Shepherd
Title: Assistant Secretary
State Street Bank and Trust Company
as Trustee
First Union Commercial Mortgage Securities, Inc.
Series 1997-C1
B233
Report to Certificateholders for Payment Date: December 18, 1997
Payment Summary
<PAGE>
[LOGO] FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1997-C1
B233
REPORT TO CERTIFICATEHOLDERS FOR PAYMENT DATE APRIL 18, 1998
PAYMENT SUMMARY
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------
Pass-Through Interest Original Beginning
Class CUSIP Rate Type Balance Balance
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 33736LAA3 7.150000% Fixed $200,000,000.00 $189,291,819.84
A-2 33736LAB1 7.300000% Fixed $318,000,000.00 $318,000,000.00
A-3 33736LAC9 7.380000% Fixed $395,812,000.00 $395,812,000.00
B 33736LAE5 7.430000% Fixed $78,327,000.00 $78,327,000.00
C 33736LAF2 7.440000% Fixed $71,800,000.00 $71,800,000.00
D 33736LAG0 7.500000% Fixed $71,800,000.00 $71,800,000.00
E 33736LAH8 7.750000% Fixed $19,582,000.00 $19,582,000.00
F 33736LAJ4 7.000000% Fixed $71,800,000.00 $71,800,000.00
G 33736LAK1 7.000000% Fixed $13,054,813.00 $13,054,813.00
H 33736LAL9 7.000000% Fixed $26,108,964.00 $26,108,964.00
J 33736LAM7 7.000000% Fixed $13,054,483.00 $13,054,483.00
K 33736LAN5 7.000000% Fixed $26,108,964.00 $26,108,964.00
IO * 33736LAD7 1.305976% Variable $1,305,448,224.00 $1,294,740,043.84
R N/A N/A $0.00 $0.00
Totals: $1,305,448,224.00 $1,294,740,043.84
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------
Principal Class Interest Total P&I Ending
Class Distrib. Amount Distribution Amt Payable Balance
- -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 $1,087,095.92 $1,127,863.76 $2,214,959.68 $188,204,723.92
A-2 $0.00 $1,934,500.00 $1,934,500.00 $318,000,000.00
A-3 $0.00 $2,434,243.80 $2,434,243.80 $395,812,000.00
B $0.00 $484,974.68 $484,974.68 $78,327,000.00
C $0.00 $445,160.00 $445,160.00 $71,800,000.00
D $0.00 $448,750.00 $448,750.00 $71,800,000.00
E $0.00 $126,467.08 $126,467.08 $19,582,000.00
F $0.00 $418,833.33 $418,833.33 $71,800,000.00
G $0.00 $76,153.08 $76,153.08 $13,054,813.00
H $0.00 $152,302.29 $152,302.29 $26,108,964.00
J $0.00 $76,151.15 $76,151.15 $13,054,483.00
K $0.00 $151,940.03 $151,940.03 $26,108,964.00
IO * $0.00 $1,409,082.85 $1,409,082.85 $1,293,652,947.92
R $0.00 $0.00 $0.00 $0.00
Totals: $1,087,095.92 $9,286,422.05 $10,373,517.97 $1,293,652,947.92
- -----------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
DISTRIBUTIONS PER CERTIFICATE * Based on a Notional Balance
----------------------------------------------------------------------------------------------------------
Beginning Principal Interest Ending
Class Certificate Factor Distribution(1) Distribution(1) Certificate Factor
----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.94645910 5.4354796 5.6393188 0.9410236
A-2 1.00000000 0.0000000 6.0833333 1.0000000
A-3 1.00000000 0.0000000 6.1500000 1.0000000
B 1.00000000 0.0000000 6.1916667 1.0000000
C 1.00000000 0.0000000 6.2000000 1.0000000
D 1.00000000 0.0000000 6.2500000 1.0000000
E 1.00000000 0.0000000 6.4583333 1.0000000
F 1.00000000 0.0000000 5.8333333 1.0000000
G 1.00000000 0.0000000 5.8333333 1.0000000
H 1.00000000 0.0000000 5.8333333 1.0000000
J 1.00000000 0.0000000 5.8333333 1.0000000
K 1.00000000 0.0000000 5.8194584 1.0000000
IO * 0.99179732 0.0000000 1.0793862 0.9909646
R 0.00000000 0.0000000 0.0000000 0.0000000
(1) represents net payment per certificate
----------------------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------
For additional information or with questions, please contact:
- -------------------------------------------------------------
STATE STREET CORPORATE TRUST
- -------------------------------------------------------------
Bond Analyst: Jonathan Hodge (617) 664-5458
Account Officer: Dave Shepherd (617) 664-5473
Corporate Trust Web Address: corporatetrust.statestreet.com
StreetFax: (617) 664-5600
Street Connection: (factor and rate by cusip) (617) 664-5500
- -------------------------------------------------------------
DISCLAIMER NOTICE: This report has been prepared by or based on information
furnished to State Street Bank and Trust Company ("State Street") by one or
more third parties (e.g., Servicer, Master Servicer, etc.). State Street
shall not have and does not undertake responsibility for the accuracy or
completeness of information provided by such third parties, and makes no
representations or warranties with respect to the accuracy or completeness
thereof or the sufficiency thereof for any particular purpose. State Street
has not independently verified information received from third parties, and
shall have no liability for any inaccuracies therein or caused thereby.
Page 1 of 3
<PAGE>
[LOGO] FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1997-C1
B233
REPORT TO CERTIFICATEHOLDERS FOR PAYMENT DATE APRIL 18, 1998
PAYMENT DETAILS
PRINCIPAL DETAIL
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Beginning Principal Realized Appraisal Reimbrs Add Trust Ending
Class Balance Distribution Losses Reduction Amts Exp/Realzd Losses Balance
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 $189,291,819.84 $1,087,095.92 $0.00 $0.00 $0.00 $188,204,723.92
A-2 $318,000,000.00 $0.00 $0.00 $0.00 $0.00 $318,000,000.00
A-3 $395,812,000.00 $0.00 $0.00 $0.00 $0.00 $395,812,000.00
B $78,327,000.00 $0.00 $0.00 $0.00 $0.00 $78,327,000.00
C $71,800,000.00 $0.00 $0.00 $0.00 $0.00 $71,800,000.00
D $71,800,000.00 $0.00 $0.00 $0.00 $0.00 $71,800,000.00
E $19,582,000.00 $0.00 $0.00 $0.00 $0.00 $19,582,000.00
F $71,800,000.00 $0.00 $0.00 $0.00 $0.00 $71,800,000.00
G $13,054,813.00 $0.00 $0.00 $0.00 $0.00 $13,054,813.00
H $26,108,964.00 $0.00 $0.00 $0.00 $0.00 $26,108,964.00
J $13,054,483.00 $0.00 $0.00 $0.00 $0.00 $13,054,483.00
K $26,108,964.00 $0.00 $0.00 $0.00 $0.00 $26,108,964.00
IO * $1,294,740,043.84 $0.00 $0.00 $0.00 $0.00 $1,293,652,947.92
R $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
- ----------------------------------------------------------------------------------------------------------------------------------
$1,294,740,043.84 $1,087,095.92 $0.00 $0.00 $0.00 $1,293,652,947.92
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
INTEREST DETAIL
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
Accrued Excess Prepaymt Distributable Current Unpaid Payment to
Class Certificate Interest Interest Shortfalls Certifcate Interest Interest Unpaid Interest
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 $1,127,863.76 $0.00 $1,127,863.76 $0.00 $0.00
A-2 $1,934,500.00 $0.00 $1,934,500.00 $0.00 $0.00
A-3 $2,434,243.80 $0.00 $2,434,243.80 $0.00 $0.00
B $484,974.68 $0.00 $484,974.68 $0.00 $0.00
C $445,160.00 $0.00 $445,160.00 $0.00 $0.00
D $448,750.00 $0.00 $448,750.00 $0.00 $0.00
E $126,467.08 $0.00 $126,467.08 $0.00 $0.00
F $418,833.33 $0.00 $418,833.33 $0.00 $0.00
G $76,153.08 $0.00 $76,153.08 $0.00 $0.00
H $152,302.29 $0.00 $152,302.29 $0.00 $0.00
J $76,151.15 $0.00 $76,151.15 $0.00 $0.00
K $152,302.29 $0.00 $152,302.29 ($362.26) $0.00
IO * $1,409,082.85 $0.00 $1,409,082.85 $0.00 $0.00
R $0.00 $0.00 $0.00 $0.00 $0.00
- --------------------------------------------------------------------------------------------------------------------------
TOTALS: $9,286,784.31 $0.00 $9,286,784.31 ($362.26) $0.00
---------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------
Class Interest Prepymt Prems/ Ending Balance
Class Dist Amount YMC Unpaid Interest
- ------------------------------------------------------------------------------------
<S> <C> <C> <C>
A-1 $1,127,863.76 $0.00 $0.00
A-2 $1,934,500.00 $0.00 $0.00
A-3 $2,434,243.80 $0.00 $0.00
B $484,974.68 $0.00 $0.00
C $445,160.00 $0.00 $0.00
D $448,750.00 $0.00 $0.00
E $126,467.08 $0.00 $0.00
F $418,833.33 $0.00 $0.00
G $76,153.08 $0.00 $0.00
H $152,302.29 $0.00 $0.00
J $76,151.15 $0.00 $0.00
K $151,940.03 $0.00 ($9,395.39)
IO * $1,409,082.85 $0.00 $0.00
R $0.00 $0.00 $0.00
- ------------------------------------------------------------------------------------
TOTALS: $9,286,422.05 $0.00 ($9,395.39)
-------------------------------------------------------------------
</TABLE>
Page 2 of 3
<PAGE>
[LOGO] FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1997-C1
B233
REPORT TO CERTIFICATEHOLDERS FOR PAYMENT DATE APRIL 18, 1998
ADDITIONAL REPORTING INFORMATION
MORTGAGE LOAN ACTIVITY FOR RELATED PAYMENT DATE:
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
Weighted Average Beginning Agg Ending Agg
# of Mortgage Remaining Term Weighted Average Stated Stated Ending Unpaid Available
Loans Outs to Maturity Mortgage Rate Principal Balance Principal Balance Principal Balance Distribution Amt
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
280 119 8.71666% $1,294,740,409.18 $1,293,653,313.26 $1,293,725,978.36 $10,373,517.97
- ---------------------------------------------------------------------------------------------------------------------------------
Current Current Additional Principal
Realized Losses Trust Fund Exp # of Payoffs Prepayments
- ---------------------------------------------------------------------
$0.00 $0.00 0 $0.00
- ---------------------------------------------------------------------
</TABLE>
APPRAISAL REDUCTION INFORMATION:
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------
Loan # SPB of Apr Red Loan All Unpd Int & Fees Appraised Value P&I Advance on Loan
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
N/A $0.00 $0.00 $0.00 $0.00
- ---------------------------------------------------------------------------------------------
</TABLE>
AGGREGATE DELINQUENCY INFORMATION FOR RELATED PAYMENT DATE:
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------
One Month Two Months 3 Months + Foreclosures
<S> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------
# of Loans 2 0 0 0
- ------------------------------------------------------------------------------------------------
Agg Prin Balance $2,665,966.96 $0.00 $0.00 $0.00
- ------------------------------------------------------------------------------------------------
</TABLE>
REO PROPERTY WITH FINAL RECOVERY DETERMINATION:
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------
Mortgage Basis for Final All Proceeds Portion Proceeds Amount of
Loan # Recovery Determination Received to Certificates Realized Loss
- ------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
N/A N/A N/A N/A N/A
- ------------------------------------------------------------------------------------------------
N/A N/A N/A N/A N/A
- ------------------------------------------------------------------------------------------------
</TABLE>
LIQUIDATED MORTGAGE LOANS: (OTHER THAN PREPAYMENTS IN FULL)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------
Loan Nature of Liquidation Portion of Proceeds Amount of
# Liquidation Event Proceeds Payable to Certificates Realized Loss
- ------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
N/A N/A N/A N/A N/A
- ------------------------------------------------------------------------------------------------
N/A N/A N/A N/A N/A
- ------------------------------------------------------------------------------------------------
</TABLE>
P&I ADVANCE & FEE INFORMATION:
- ------------------------------------------------
Advances:
- - Current P&I $666,200.97
- - Outstanding P&I $668,851.25
- - Servicing $0.00
- - Nonrecoverable P&I $0.00
Interest on:
- - P&I Advances $364.64
- - Servicing Advances $0.00
Servicing Compensation:
- - to Master Servicer $43,365.34
- - to Special Servicer $43,365.34
- ------------------------------------------------
LOAN PREPAYMENT INFORMATION:
- ------------------------------------------------
Loan # Amount of Prepayment
- ------------------------------------------------
N/A N/A
- ------------------------------------------------
N/A N/A
- ------------------------------------------------
N/A N/A
- ------------------------------------------------
N/A N/A
- ------------------------------------------------
N/A N/A
- ------------------------------------------------
Total 0.00
- ------------------------------------------------
Page 3 of 3
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-04
</TABLE>
LOAN LEVEL DETAIL
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Offer Property Transfer Maturity Neg Am Beg Note
Control# Type Date State Date (Y/N) Sched Bal Rate
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 NA CA 20170401 N 33,213,989 8.550
2 NA NJ 20270401 N 29,789,489 8.420
3 NA MD 20070101 N 28,520,908 8.750
4 NA PA 20070401 N 23,819,835 8.625
5 NA IN 20070401 N 22,088,454 8.250
6 NA GA 20070201 N 20,963,867 8.840
7 NA AL 20081001 N 19,811,445 9.224
8 NA PA 20120401 N 18,872,901 8.657
9 NA MD 20040301 N 18,255,788 8.320
10 NA PA 20061201 N 16,325,680 7.992
11 NA IL 20040301 N 14,347,805 9.375
12 NA MD 20070301 N 13,887,611 8.200
13 NA VA 20070101 N 13,633,608 8.740
14 NA FL 20061201 N 13,319,981 8.440
15 NA MA 20070401 N 13,211,980 8.710
16 NA CA 20070301 N 12,763,323 9.230
17 NA FL 20061101 N 12,866,409 8.475
19 NA PA 20070201 N 11,332,357 8.840
20 NA CO 20070401 N 11,115,370 8.050
21 NA IL 20040401 N 10,821,492 8.290
22 NA CA 20070401 N 9,508,819 8.570
23 NA FL 20031201 N 9,406,838 8.368
24 NA TN 20061201 N 9,403,676 8.200
25 NA VA 20191101 N 9,330,472 9.250
26 NA FL 20070101 N 9,214,874 8.350
27 NA TX 20040401 N 9,035,888 8.400
28 NA FL 20070201 N 9,019,269 8.500
29 NA IL 20061201 N 8,529,279 8.474
30 NA TX 20061101 N 8,464,303 8.600
31 NA MO 20070301 N 8,186,495 8.410
32 NA FL 20070101 N 7,859,319 8.625
33 NA NC 20040301 N 7,774,507 8.000
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
Offer Sched Prepay/ Prepay Paid Thru Prepmt Loan
Control# P&I Liquid Date Date Premium Status
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1 258,071.10 0.00 4011998 0.00 0
2 228,975.31 0.00 3011998 0.00 B
3 231,008.68 0.00 4011998 0.00 0
4 190,418.48 0.00 4011998 0.00 0
5 167,156.82 0.00 4011998 0.00 0
6 167,558.14 0.00 4011998 0.00 0
7 164,158.40 0.00 4011998 0.00 0
8 148,212.84 0.00 4011998 0.00 0
9 139,139.57 0.00 4011998 0.00 0
10 120,979.15 0.00 4011998 0.00 0
11 125,428.38 0.00 4011998 0.00 0
12 104,685.62 0.00 4011998 0.00 0
13 108,073.12 0.00 4011998 0.00 0
14 102,847.48 0.00 3011998 0.00 B
15 104,251.42 0.00 4011998 0.00 0
16 118,894.27 0.00 4011998 0.00 0
17 99,728.51 0.00 4011998 0.00 0
19 90,576.25 0.00 4011998 0.00 0
20 82,572.35 0.00 4011998 0.00 0
21 82,194.77 0.00 4011998 0.00 0
22 74,091.26 0.00 4011998 0.00 0
23 72,159.93 0.00 4011998 0.00 0
24 71,036.67 0.00 4011998 0.00 0
25 83,225.42 0.00 3011998 0.00 B
26 70,522.67 0.00 4011998 0.00 0
27 69,327.23 0.00 4011998 0.00 0
28 69,925.09 0.00 4011998 0.00 0
29 75,790.61 0.00 4011998 0.00 0
30 66,349.00 0.00 4011998 0.00 0
31 62,909.90 0.00 4011998 0.00 0
32 61,663.17 0.00 4011998 0.00 0
33 57,527.15 0.00 4011998 0.00 0
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-04
</TABLE>
LOAN LEVEL DETAIL
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Offer Property Transfer Maturity Neg Am Beg Note
Control# Type Date State Date (Y/N) Sched Bal Rate
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
34 NA FL 20070101 N 7,728,604 8.350
35 NA MA 20040501 N 7,633,453 9.400
36 NA AZ 20040101 N 7,646,972 8.610
37 NA MT 20070401 N 7,646,725 8.490
38 NA MD 20070401 N 7,646,434 8.463
39 NA GA 20070101 N 7,526,601 8.080
40 NA CA 20070401 N 7,484,694 8.570
41 NA VA 20191101 N 7,366,162 9.250
42 NA CA 20070301 N 7,296,848 8.720
43 NA CO 20061201 N 7,134,852 8.770
44 NA AZ 20040401 N 7,054,143 8.830
45 NA AZ 20070201 N 6,930,377 9.000
46 NA FL 20070401 N 6,787,426 9.000
47 NA SC 20040301 N 6,707,025 8.000
48 NA AZ 20040401 N 6,707,107 8.910
49 NA IL 20070101 N 6,632,562 8.800
50 NA NE 20070101 N 6,587,782 8.240
51 NA TN 20061101 N 6,582,273 8.520
52 NA LA 20120201 N 6,322,395 8.910
53 NA TX 20040401 N 6,402,510 8.180
54 NA TX 20040201 N 6,345,031 8.280
55 NA MI 20070201 N 6,320,583 8.860
56 NA SC 20040301 N 6,280,771 8.000
57 NA FL 20040401 N 6,057,586 8.850
58 NA AZ 20031101 N 6,060,321 8.905
59 NA OK 20070401 N 6,062,252 9.040
60 NA TX 20070201 N 6,050,265 8.540
61 NA WA 20040101 N 6,018,375 8.875
62 NA TX 20040401 N 5,940,637 9.180
63 NA AZ 20220201 N 5,938,911 8.600
65 NA SC 20070101 N 5,868,770 8.750
66 NA NC 20040301 N 5,791,215 8.000
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
Offer Sched Prepay/ Prepay Paid Thru Prepmt Loan
Control# P&I Liquid Date Date Premium Status
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
34 59,148.04 0.00 4011998 0.00 0
35 66,740.17 0.00 4011998 0.00 0
36 59,916.39 0.00 4011998 0.00 0
37 59,151.78 0.00 4011998 0.00 0
38 59,004.55 0.00 4011998 0.00 0
39 56,190.54 0.00 4011998 0.00 0
40 58,319.59 0.00 4011998 0.00 0
41 65,704.28 0.00 3011998 0.00 B
42 57,665.07 0.00 4011998 0.00 0
43 56,745.31 0.00 4011998 0.00 0
44 56,261.89 0.00 4011998 0.00 0
45 57,618.78 0.00 4011998 0.00 0
46 57,484.95 0.00 4011998 0.00 0
47 49,628.36 0.00 4011998 0.00 0
48 53,875.48 0.00 4011998 0.00 0
49 54,856.21 0.00 4011998 0.00 0
50 49,912.49 0.00 4011998 0.00 0
51 51,227.03 0.00 4011998 0.00 0
52 66,185.13 0.00 4011998 0.00 0
53 48,139.65 0.00 4011998 0.00 0
54 48,216.11 0.00 4011998 0.00 0
55 53,096.34 0.00 4011998 0.00 0
56 46,474.31 0.00 4011998 0.00 0
57 49,653.00 0.00 4011998 0.00 0
58 48,809.19 0.00 4011998 0.00 0
59 49,257.65 0.00 4011998 0.00 0
60 47,076.76 0.00 4011998 0.00 0
61 50,669.85 0.00 4011998 0.00 0
62 51,093.40 0.00 4011998 0.00 0
63 47,500.43 0.00 4011998 0.00 0
65 48,917.55 0.00 4011998 0.00 0
66 42,851.86 0.00 4011998 0.00 0
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-04
</TABLE>
LOAN LEVEL DETAIL
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Offer Property Transfer Maturity Neg Am Beg Note
Control# Type Date State Date (Y/N) Sched Bal Rate
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
67 NA CT 20070301 N 5,756,681 8.560
68 NA NJ 20070401 N 5,726,005 9.375
69 NA FL 20070401 N 5,660,679 9.000
70 NA PA 20070401 N 5,641,834 8.990
71 NA NM 20061001 N 5,566,828 9.560
72 NA KY 20010801 N 5,562,502 9.625
73 NA AZ 20120401 N 5,563,387 8.770
74 NA NC 20040301 N 5,553,220 8.000
75 NA NJ 20070401 N 5,441,050 9.030
76 NA NC 20070401 N 5,349,462 8.875
77 NA CO 20070301 N 5,357,762 8.330
78 NA FL 20070401 N 5,309,568 9.375
79 NA FL 20070301 N 5,263,346 8.940
80 NA AZ 20120401 N 5,246,910 8.978
81 NA MD 20111201 N 5,064,139 8.249
82 NA NC 20070101 N 5,169,754 8.875
83 NA TX 20031201 N 5,148,106 8.280
84 NA CO 20040501 N 5,105,491 9.400
85 NA KY 20070401 N 5,115,361 8.630
86 NA PA 20040501 N 5,045,654 9.400
87 NA VA 20170401 N 5,020,946 9.250
88 NA TX 20031201 N 5,049,104 8.280
89 NA AL 20040301 N 4,958,232 8.000
91 NA NJ 20070201 N 4,917,593 9.000
92 NA FL 20040101 N 4,902,031 8.750
93 NA MS 20040301 N 4,839,234 8.000
94 NA CO 20070401 N 4,821,543 8.970
95 NA TX 20040401 N 4,818,929 8.870
96 NA TX 20040301 N 4,765,805 8.000
97 NA VA 20040301 N 4,759,903 8.000
98 NA TX 20040101 N 4,704,034 8.070
100 NA CA 20160301 N 4,533,839 8.442
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
Offer Sched Prepay/ Prepay Paid Thru Prepmt Loan
Control# P&I Liquid Date Date Premium Status
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
67 44,843.84 0.00 4011998 0.00 0
68 49,955.10 0.00 4011998 0.00 0
69 46,718.44 0.00 4011998 0.00 0
70 47,795.17 0.00 4011998 0.00 0
71 49,599.72 0.00 4011998 0.00 0
72 49,855.69 0.00 4011998 0.00 0
73 44,135.24 0.00 4011998 0.00 0
74 41,090.82 0.00 4011998 0.00 0
75 44,171.32 0.00 4011998 0.00 0
76 44,855.27 0.00 4011998 0.00 0
77 40,872.50 0.00 4011998 0.00 0
78 46,322.00 0.00 4011998 0.00 0
79 42,416.39 0.00 4011998 0.00 0
80 42,400.52 0.00 4011998 0.00 0
81 51,414.36 0.00 4011998 0.00 0
82 42,318.30 0.00 4011998 0.00 0
83 39,175.59 0.00 4011998 0.00 0
84 44,637.90 0.00 4011998 0.00 0
85 40,074.50 0.00 4011998 0.00 0
86 45,195.80 0.00 4011998 0.00 0
87 46,709.21 0.00 4011998 0.00 0
88 38,422.21 0.00 4011998 0.00 0
89 36,688.23 0.00 4011998 0.00 0
91 43,558.72 0.00 4011998 0.00 0
92 39,704.62 0.00 4011998 0.00 0
93 35,807.72 0.00 4011998 0.00 0
94 38,935.60 0.00 4011998 0.00 0
95 38,571.39 0.00 4011998 0.00 0
96 35,264.38 0.00 4011998 0.00 0
97 35,220.70 0.00 4011998 0.00 0
98 35,085.89 0.00 4011998 0.00 0
100 40,890.45 0.00 4011998 0.00 0
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-04
</TABLE>
LOAN LEVEL DETAIL
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Offer Property Transfer Maturity Neg Am Beg Note
Control# Type Date State Date (Y/N) Sched Bal Rate
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
101 NA ME 20020201 N 4,569,674 10.500
102 NA GA 20070401 N 4,473,598 8.530
103 NA GA 20061101 N 4,318,561 9.750
104 NA TN 20070401 N 4,331,933 9.375
105 NA TX 20120101 N 4,224,495 8.690
106 NA CA 20070401 N 4,304,958 8.900
107 NA MO 20070401 N 4,206,800 9.014
108 NA TX 20070201 N 4,146,268 8.670
109 NA CA 20070101 N 4,144,917 9.000
110 NA FL 20061101 N 4,108,612 8.625
111 NA TX 20070201 N 4,069,725 9.030
112 NA TX 20070101 N 4,063,725 8.520
113 NA IL 20070101 N 4,043,215 8.660
114 NA AZ 20070401 N 3,975,197 9.030
115 NA FL 20070401 N 3,974,530 8.900
116 NA TX 20070301 N 3,972,783 9.020
117 NA NY 20170401 N 3,927,726 8.550
118 NA AL 20061001 N 3,958,923 8.800
119 NA FL 20070401 N 3,840,600 9.375
120 NA TX 20061201 N 3,813,226 8.500
121 NA AL 20070101 N 3,791,891 8.625
122 NA TX 20040301 N 3,771,331 8.510
123 NA AZ 20040101 N 3,746,268 8.530
124 NA MA 20070401 N 3,749,091 8.530
125 NA GA 20070401 N 3,713,227 9.375
126 NA NC 20061101 N 3,713,526 8.750
127 NA VA 20061101 N 3,687,589 8.590
128 NA FL 20070101 N 3,668,680 8.740
129 NA AZ 20061101 N 3,664,012 8.750
130 NA GA 20111201 N 3,553,923 8.740
131 NA NC 20070101 N 3,591,478 8.650
132 NA DE 20070401 N 3,568,810 9.250
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
Offer Sched Prepay/ Prepay Paid Thru Prepmt Loan
Control# P&I Liquid Date Date Premium Status
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
101 42,535.38 0.00 4011998 0.00 0
102 34,696.83 0.00 4011998 0.00 0
103 40,536.88 0.00 4011998 0.00 0
104 37,792.87 0.00 4011998 0.00 0
105 43,819.97 0.00 4011998 0.00 0
106 36,207.62 0.00 4011998 0.00 0
107 35,706.60 0.00 4011998 0.00 0
108 34,302.07 0.00 4011998 0.00 0
109 35,246.25 0.00 4011998 0.00 0
110 32,278.27 0.00 4011998 0.00 0
111 33,078.07 0.00 4011998 0.00 0
112 31,583.59 0.00 4011998 0.00 0
113 33,457.55 0.00 4011998 0.00 0
114 32,271.29 0.00 4011998 0.00 0
115 31,897.51 0.00 4011998 0.00 0
116 32,242.48 0.00 4011998 0.00 0
117 34,839.62 0.00 4011998 0.00 0
118 31,610.97 0.00 4011998 0.00 0
119 36,035.36 0.00 4011998 0.00 0
120 29,603.17 0.00 4011998 0.00 0
121 30,387.62 0.00 4011998 0.00 0
122 29,245.65 0.00 4011998 0.00 0
123 30,675.49 0.00 4011998 0.00 0
124 29,106.78 0.00 4011998 0.00 0
125 32,395.12 0.00 4011998 0.00 0
126 29,501.27 0.00 4011998 0.00 0
127 28,879.96 0.00 4011998 0.00 0
128 29,081.49 0.00 4011998 0.00 0
129 29,107.92 0.00 4011998 0.00 0
130 37,082.61 0.00 4011998 0.00 0
131 29,695.43 0.00 4011998 0.00 0
132 33,200.17 0.00 4011998 0.00 0
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-04
</TABLE>
LOAN LEVEL DETAIL
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Offer Property Transfer Maturity Neg Am Beg Note
Control# Type Date State Date (Y/N) Sched Bal Rate
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
133 NA MA 20070401 N 3,569,458 9.375
134 NA CA 20070301 N 3,555,559 8.370
135 NA CT 20040401 N 3,528,411 9.125
136 NA CA 20070301 N 3,524,483 8.750
137 NA GA 20070401 N 3,470,306 9.375
138 NA PA 20070401 N 3,468,799 9.125
139 NA TX 20040201 N 3,472,368 8.700
140 NA MO 20111201 N 3,465,175 8.295
141 NA CA 20191101 N 3,438,665 9.375
142 NA FL 20070201 N 3,422,423 9.680
143 NA CA 20191101 N 3,411,357 8.412
144 NA VA 20040301 N 3,364,703 8.000
145 NA NJ 20070301 N 3,330,411 9.125
146 NA SC 20070101 N 3,299,994 9.250
147 NA MA 20070301 N 3,311,087 8.750
148 NA FL 20031201 N 3,301,052 8.780
149 NA TX 20070301 N 3,298,545 8.720
150 NA TX 20120301 N 3,276,991 8.900
151 NA CA 20040101 N 3,272,133 8.645
152 NA NY 20070101 N 3,270,362 8.445
153 NA LA 20070201 N 3,243,710 9.375
154 NA TX 20040301 N 3,222,958 8.020
155 NA VA 20061201 N 3,150,017 8.360
156 NA AR 20061101 N 3,149,958 8.782
157 NA CO 20061001 N 3,152,126 9.460
158 NA MD 20111201 N 3,057,593 8.249
159 NA UT 20261101 N 3,123,377 8.600
160 NA CO 20070201 N 3,095,812 8.790
161 NA TX 20070401 N 3,070,120 9.340
162 NA TX 20070301 N 3,064,049 8.760
163 NA TX 20070201 N 3,073,953 8.390
164 NA TX 20120101 N 3,006,127 9.250
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
Offer Sched Prepay/ Prepay Paid Thru Prepmt Loan
Control# P&I Liquid Date Date Premium Status
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
133 31,140.84 0.00 4011998 0.00 0
134 28,673.48 0.00 4011998 0.00 0
135 28,883.97 0.00 3011998 0.00 B
136 27,927.86 0.00 4011998 0.00 0
137 30,275.82 0.00 4011998 0.00 0
138 29,672.05 0.00 4011998 0.00 0
139 27,409.62 0.00 4011998 0.00 0
140 26,405.14 0.00 4011998 0.00 0
141 30,957.50 0.00 3011998 0.00 B
142 30,663.96 0.00 4011998 0.00 0
143 27,576.07 0.00 4011998 0.00 0
144 24,896.98 0.00 4011998 0.00 0
145 27,826.83 0.00 4011998 0.00 0
146 30,883.03 0.00 4011998 0.00 0
147 27,541.81 0.00 4011998 0.00 0
148 27,610.13 0.00 3011998 0.00 B
149 27,371.05 0.00 4011998 0.00 0
150 26,315.45 0.00 4011998 0.00 0
151 25,712.65 0.00 4011998 0.00 0
152 25,245.63 0.00 4011998 0.00 0
153 29,100.04 0.00 4011998 0.00 0
154 23,892.68 0.00 4011998 0.00 0
155 25,466.07 0.00 4011998 0.00 0
156 26,378.20 0.00 4011998 0.00 0
157 27,869.37 0.00 4011998 0.00 0
158 31,042.63 0.00 4011998 0.00 0
159 24,483.17 0.00 4011998 0.00 0
160 24,634.24 0.00 4011998 0.00 0
161 26,740.62 0.00 4011998 0.00 0
162 25,507.52 0.00 4011998 0.00 0
163 23,595.08 0.00 4011998 0.00 0
164 32,162.26 0.00 4011998 0.00 0
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-04
</TABLE>
LOAN LEVEL DETAIL
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Offer Property Transfer Maturity Neg Am Beg Note
Control# Type Date State Date (Y/N) Sched Bal Rate
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
165 NA FL 20070401 N 3,057,772 8.280
166 NA FL 20040401 N 3,030,309 8.832
167 NA MN 20220101 N 3,027,423 9.400
168 NA PA 20070101 N 2,958,291 8.636
169 NA KS 20070301 N 2,953,564 8.738
170 NA FL 20070401 N 2,881,833 8.980
171 NA NY 20070301 N 2,872,966 8.625
172 NA NV 20040101 N 2,859,254 8.570
173 NA NJ 20070201 N 2,824,686 9.350
174 NA TX 20040401 N 2,820,548 8.540
175 NA MD 20111101 N 2,755,228 8.938
176 NA GA 20220301 N 2,764,768 8.250
177 NA AL 20440301 N 2,751,819 8.000
178 NA TX 20770101 N 2,676,303 8.560
179 NA MD 20170401 N 2,592,897 9.375
180 NA MN 20040101 N 2,604,297 8.020
181 NA IL 20040301 N 2,599,133 8.580
182 NA FL 20070401 N 2,583,911 9.040
183 NA TX 20070401 N 2,573,019 9.220
184 NA GA 20070401 N 2,501,934 9.000
185 NA TX 20070301 N 2,505,525 8.400
186 NA UT 20261101 N 2,489,792 8.600
187 NA NY 20060901 N 2,457,605 9.060
188 NA TX 20070101 N 2,434,600 8.370
189 NA TX 20061001 N 2,337,830 9.180
190 NA OH 20120101 N 2,249,599 9.250
191 NA IL 20070401 N 2,259,253 8.810
192 NA UT 20261101 N 2,252,198 8.600
193 NA TX 20161101 N 2,223,920 9.250
194 NA TX 20070401 N 2,242,555 8.875
195 NA NY 20111101 N 2,182,217 8.938
196 NA FL 20040301 N 2,233,059 8.520
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
Offer Sched Prepay/ Prepay Paid Thru Prepmt Loan
Control# P&I Liquid Date Date Premium Status
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
165 23,204.00 0.00 4011998 0.00 0
166 24,173.21 0.00 4011998 0.00 0
167 25,423.82 0.00 4011998 0.00 0
168 24,432.38 0.00 4011998 0.00 0
169 23,378.84 0.00 4011998 0.00 0
170 23,292.34 0.00 4011998 0.00 0
171 23,008.90 0.00 4011998 0.00 0
172 23,488.54 0.00 4011998 0.00 0
173 24,064.13 0.00 4011998 0.00 0
174 21,917.70 0.00 4011998 0.00 0
175 29,154.42 0.00 4011998 0.00 0
176 22,076.60 0.00 4011998 0.00 0
177 20,361.97 0.00 4011998 0.00 0
178 20,875.58 0.00 4011998 0.00 0
179 24,328.49 0.00 4011998 0.00 0
180 19,334.69 0.00 4011998 0.00 0
181 20,840.86 0.00 4011998 0.00 0
182 20,995.06 0.00 4011998 0.00 0
183 21,630.00 0.00 4011998 0.00 0
184 21,189.71 0.00 4011998 0.00 0
185 19,236.40 0.00 4011998 0.00 0
186 19,516.70 0.00 4011998 0.00 0
187 21,082.73 0.00 4011998 0.00 0
188 18,666.30 0.00 4011998 0.00 0
189 20,224.47 0.00 4011998 0.00 0
190 20,017.90 0.00 4011998 0.00 0
191 17,987.10 0.00 4011998 0.00 0
192 17,654.27 0.00 4011998 0.00 0
193 20,881.76 0.00 4011998 0.00 0
194 17,957.71 0.00 4011998 0.00 0
195 23,091.11 0.00 4011998 0.00 0
196 17,332.45 0.00 3011998 0.00 B
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-04
</TABLE>
LOAN LEVEL DETAIL
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Offer Property Transfer Maturity Neg Am Beg Note
Control# Type Date State Date (Y/N) Sched Bal Rate
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
197 NA AZ 20070101 N 2,231,432 8.866
198 NA NC 20191101 N 2,209,849 9.250
199 NA MI 20070401 N 2,210,418 8.920
200 NA TX 20070201 N 2,178,200 8.750
201 NA TN 20061101 N 2,153,113 8.580
202 NA CA 20070401 N 2,128,078 8.995
203 NA TX 20040201 N 2,132,151 8.450
204 NA TX 20040201 N 2,123,832 8.980
205 NA MI 20040201 N 2,117,024 9.750
206 NA VA 20070101 N 2,113,578 8.875
207 NA TX 20070401 N 2,081,408 9.160
208 NA GA 20111201 N 2,010,300 8.740
209 NA IN 20070401 N 2,048,479 8.875
210 NA CO 20031101 N 2,043,661 9.000
211 NA AZ 20220201 N 1,983,889 8.600
212 NA FL 20070301 N 1,940,244 8.875
213 NA GA 20070101 N 1,851,313 8.750
214 NA GA 20070101 N 1,824,744 8.750
215 NA MA 20070201 N 1,777,592 8.840
216 NA OK 20170401 N 1,723,440 10.000
217 NA AZ 20120201 N 1,717,502 9.750
218 NA WI 20220301 N 1,701,702 9.620
219 NA NY 20070301 N 1,681,415 9.125
220 NA MA 20070201 N 17,186,850 8.940
221 NA GA 20070201 N 1,667,804 8.790
222 NA MA 20070401 N 1,633,353 9.060
223 NA GA 20031201 N 1,627,190 9.125
224 NA WI 20211101 N 1,605,858 9.285
225 NA TX 20070101 N 1,601,212 8.700
226 NA PA 20070401 N 1,590,163 9.072
227 NA TX 20070401 N 1,591,134 8.750
228 NA OK 20120401 N 1,551,288 8.900
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
Offer Sched Prepay/ Prepay Paid Thru Prepmt Loan
Control# P&I Liquid Date Date Premium Status
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
197 17,887.50 0.00 4011998 0.00 0
198 19,711.28 0.00 3011998 0.00 B
199 17,771.13 0.00 4011998 0.00 0
200 17,646.50 0.00 4011998 0.00 0
201 16,847.34 0.00 4011998 0.00 0
202 18,035.36 0.00 4011998 0.00 0
203 16,455.51 0.00 4011998 0.00 0
204 18,013.29 0.00 2011998 0.00 1
205 19,070.34 0.00 4011998 0.00 0
206 17,775.98 0.00 4011998 0.00 0
207 17,853.78 0.00 4011998 0.00 0
208 20,976.02 0.00 4011998 0.00 0
209 17,194.52 0.00 4011998 0.00 0
210 17,413.32 0.00 4011998 0.00 0
211 15,520.23 0.00 4011998 0.00 0
212 16,280.80 0.00 4011998 0.00 0
213 15,415.19 0.00 4011998 0.00 0
214 15,209.66 0.00 4011998 0.00 0
215 14,908.81 0.00 4011998 0.00 0
216 16,887.88 0.00 4011998 0.00 0
217 16,599.04 0.00 4011998 0.00 0
218 14,545.55 0.00 4011998 0.00 0
219 14,412.14 0.00 4011998 0.00 0
220 145,305.92 0.00 4011998 0.00 0
221 13,931.94 0.00 4011998 0.00 0
222 13,914.60 0.00 4011998 0.00 0
223 13,988.25 0.00 4011998 0.00 0
224 13,368.45 0.00 4011998 0.00 0
225 12,648.00 0.00 4011998 0.00 0
226 12,956.94 0.00 4011998 0.00 0
227 12,587.21 0.00 4011998 0.00 0
228 16,133.22 0.00 4011998 0.00 0
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-04
</TABLE>
LOAN LEVEL DETAIL
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Offer Property Transfer Maturity Neg Am Beg Note
Control# Type Date State Date (Y/N) Sched Bal Rate
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
229 NA FL 20070101 N 1,535,228 8.600
230 NA TX 20040201 N 1,512,340 8.450
232 NA TX 20070401 N 1,461,941 9.160
233 NA TX 20041015 N 1,404,288 9.400
234 NA TX 20070401 N 1,403,115 9.220
235 NA AZ 20070401 N 1,391,789 9.250
236 NA TX 20070101 N 1,387,134 8.330
237 NA TX 20070401 N 1,382,795 9.220
238 NA TX 20040201 N 1,378,461 8.450
239 NA TN 20061201 N 1,354,959 8.205
240 NA CT 20061101 N 1,344,794 9.125
241 NA TN 20070101 N 1,329,463 9.375
242 NA WY 20070101 N 1,306,882 8.740
243 NA MD 20070101 N 1,285,105 8.375
244 NA FL 20070101 N 1,269,990 8.600
245 NA GA 20070401 N 1,253,090 8.537
246 NA GA 20061001 N 1,240,185 9.150
247 NA GA 20061101 N 1,232,135 9.343
248 NA IN 20061201 N 1,185,712 8.205
249 NA TX 20070301 N 1,186,482 8.940
250 NA TX 20061101 N 1,189,057 9.070
251 NA TX 20010901 N 1,178,959 8.850
252 NA TN 20061101 N 1,171,444 8.800
253 NA NY 20070101 N 1,134,937 9.010
254 NA NY 20060901 N 1,061,210 8.980
255 NA NY 20070101 N 1,039,466 9.125
256 NA GA 20070101 N 1,038,116 8.710
257 NA FL 20070101 N 1,008,695 8.600
258 NA MD 20070101 N 1,012,199 8.650
259 NA OH 20061101 N 992,573 10.125
260 NA VA 20061101 N 984,653 8.900
261 NA OH 20220401 N 968,917 9.000
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
Offer Sched Prepay/ Prepay Paid Thru Prepmt Loan
Control# P&I Liquid Date Date Premium Status
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
229 12,642.48 0.00 4011998 0.00 0
230 11,671.93 0.00 4011998 0.00 0
232 12,540.16 0.00 4011998 0.00 0
233 11,819.99 0.00 4011998 0.00 0
234 11,569.08 0.00 4011998 0.00 0
235 12,023.60 0.00 3011998 0.00 B
236 10,596.57 0.00 4011998 0.00 0
237 11,917.66 0.00 4011998 0.00 0
238 10,638.68 0.00 4011998 0.00 0
239 10,815.58 0.00 4011998 0.00 0
240 11,572.10 0.00 4011998 0.00 0
241 11,940.75 0.00 4011998 0.00 0
242 10,884.40 0.00 4011998 0.00 0
243 10,089.41 0.00 4011998 0.00 0
244 10,458.27 0.00 4011998 0.00 0
245 10,233.85 0.00 3011998 0.00 B
246 10,703.60 0.00 4011998 0.00 0
247 10,785.10 0.00 4011998 0.00 0
248 9,464.62 0.00 4011998 0.00 0
249 10,021.10 0.00 4011998 0.00 0
250 9,715.97 0.00 4011998 0.00 0
251 9,947.38 0.00 4011998 0.00 0
252 9,823.97 0.00 4011998 0.00 0
253 9,659.00 0.00 4011998 0.00 0
254 8,614.15 0.00 4011998 0.00 0
255 8,927.05 0.00 4011998 0.00 0
256 8,430.77 0.00 4011998 0.00 0
257 8,306.53 0.00 4011998 0.00 0
258 7,959.40 0.00 4011998 0.00 0
259 9,879.18 0.00 3011998 0.00 A
260 8,323.59 0.00 4011998 0.00 0
261 7,845.07 0.00 4011998 0.00 0
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-04
</TABLE>
LOAN LEVEL DETAIL
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Offer Property Transfer Maturity Neg Am Beg Note
Control# Type Date State Date (Y/N) Sched Bal Rate
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
262 NA TX 20070301 N 953,623 9.000
263 NA AZ 20070301 N 934,669 9.125
264 NA GA 20070101 N 926,890 8.710
265 NA IN 20070301 N 911,204 8.700
266 NA AZ 20031101 N 893,783 9.075
267 NA NH 20040101 N 887,674 8.730
268 NA NC 20061001 N 885,386 8.950
269 NA TX 20070301 N 852,511 9.000
270 NA AL 20070101 N 849,599 9.500
271 NA AL 20070101 N 849,599 9.500
272 NA GA 20070101 N 840,380 8.710
273 NA FL 20070101 N 834,795 8.650
274 NA OH 20061001 N 787,798 9.340
275 NA OH 20061001 N 787,798 9.340
276 NA FL 20070301 N 783,686 8.670
277 NA NY 20070101 N 614,005 9.125
278 NA MN 20270101 N 594,962 8.780
279 NA NY 20070101 N 561,687 9.125
280 NA NY 20070101 N 538,982 9.125
281 NA NC 20061001 N 439,857 9.050
282 NA NY 20070101 N 423,486 9.125
283 NA AL 20070101 N 395,162 9.500
284 NA UT 20060801 N 393,504 9.330
231a NA MO 20070301 N 1,430,937 8.820
- --------------------------------------------------------------------------------------------------------------------------------
totals 1,294,740,409
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
Offer Sched Prepay/ Prepay Paid Thru Prepmt Loan
Control# P&I Liquid Date Date Premium Status
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
262 7,884.76 0.00 4011998 0.00 0
263 8,011.45 0.00 4011998 0.00 0
264 7,527.47 0.00 4011998 0.00 0
265 7,548.87 0.00 4011998 0.00 0
266 7,306.43 0.00 4011998 0.00 0
267 7,387.07 0.00 4011998 0.00 0
268 7,521.98 0.00 4011998 0.00 0
269 7,048.75 0.00 4011998 0.00 0
270 7,513.79 0.00 4011998 0.00 0
271 7,513.79 0.00 4011998 0.00 0
272 6,824.91 0.00 4011998 0.00 0
273 6,711.05 0.00 4011998 0.00 0
274 6,900.80 0.00 4011998 0.00 0
275 6,900.80 0.00 4011998 0.00 0
276 6,300.63 0.00 4011998 0.00 0
277 5,273.15 0.00 4011998 0.00 0
278 4,733.06 0.00 4011998 0.00 0
279 4,823.83 0.00 4011998 0.00 0
280 4,628.84 0.00 3011998 0.00 1
281 3,766.53 0.00 4011998 0.00 0
282 3,636.95 0.00 4011998 0.00 0
283 3,494.79 0.00 4011998 0.00 0
284 3,447.63 0.00 4011998 0.00 0
231a 15,852.37 0.00 4011998 0.00 0
- --------------------------------------------------------------------------------------------------------------------------------
totals 10,537,989 - 0.00
- --------------------------------------------------------------------------------------------------------------------------------
If state field is blank loan has properties in multiple states.
- --------------------------------------------------------------------------------------------------------------------------------
Loan Status:
A= Payment not rec'd. but still in grace period, B= Late payment, but less than 1 mo., 0= Current, 1= 1 mo. delinquent,
2= 2mo. delinquent, 3= Three or more mo. delinquent, 4= Assumed scheduled payment (performing matured balloon),
7= Foreclosure, 9=REO
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-05
</TABLE>
DELINQUENCY/PREPAYMENT REPORTING HISTORY: ROLLING 24 MONTHS
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Dist Delinq 1 Month Delinq 2 Months Delinq 3+ Months Foreclosure/Bank REO Modifications Prepayments
-----------------------------------------------------------------------------------------------------------------------------
Date # Bal # Bal # Bal # Bal # Bal # Bal # Bal
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
498 2 2,665,966.95 0 - 0 - 0 - 0 - 0 - 0 -
398 2 2,668,055.53 0 - 0 - 0 - 0 - 0 - 0 -
298 0 - 0 - 0 - 0 - 0 - 0 - 0 -
198 1 5,370,211.42 0 - 0 - 0 - 0 - 0 - 0 -
1297 0 - 0 - 0 - 0 - 0 - 0 - 0 -
1197 0 - 0 - 0 - 0 - 0 - 0 - 0 -
1097 0 - 0 - 0 - 0 - 0 - 0 - 0 -
997 0 - 0 - 0 - 0 - 0 - 0 - 0 -
897 0 - 0 - 0 - 0 - 0 - 0 - 0 -
797 0 - 0 - 0 - 0 - 0 - 0 - 0 -
697 0 - 0 - 0 - 0 - 0 - 0 - 0 -
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-07
</TABLE>
DELINQUENCY LOAN DETAIL
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Offer Paid Thru Current Outstand Adv Loan Spec Ser Foreclosure Bankruptcy REO
Control# Period Date P&I Adv P&I Adv Desc(1) Status(2) Trans Date Date Date Date
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
204 4181998 2011998 18,013.29 18,013.29 1 n/a n/a n/a n/a n/a
280 4181998 3011998 4,628.84 4,628.84 1 n/a n/a n/a n/a n/a
204 3181998 1011998 18,013.29 18,013.29 1 n/a n/a n/a n/a n/a
280 3181998 1011998 4,628.84 4,628.84 1 n/a n/a n/a n/a n/a
No delinquent loans for 2/18/98
76 1181998 11011997 44,885.27 44,885.27 1 n/a n/a n/a n/a n/a
No delinquent loans for 12/18/97
No delinquent loans for 11/18/97
No delinquent loans for 10/18/97
No delinquent loans for 9/18/97
No delinquent loans for 8/18/97
No delinquent loans for 7/18/97
No delinquent loans for 6/18/97
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------
<S> <C>
(1) Advance Description (2)Loan Status:
- ----------------------- ---------------
0 = Late Payment but less than one month delinquent 1 = Spec Serviced 6 = DPO
1 = P&I Advance - Loan delinquent 1 month 2 = Foreclosure 7 = Foreclosure Sale
2 = P&I Advance - Loan delinquent 2 months 3 = Bankruptcy 8 = Bankruptcy Sale
3 = P&I Advance - Loan delinquent 3 months or more 4 = REO 9 = REO Disposition
4 = P&I Advance - Loan in Grace Period 5 = Prepay in Full 10 = Mod/Workout
5 = P&I Advance - Assumed Scheduled Payment
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-08
</TABLE>
SPECIALLY SERVICED LOAN SUMMARY
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
<S> <C>
Number of Loans as of the Closing Date 283*
Principal Balance as of the Closing Date 1,305,448,224.47
Current Number of Loans 280
Current Outstanding Principal Balance 1,293,653,313.00
Current Number of Specially Serviced Loans 0
Current Outstanding Principal Balance of Specially Serviced Loans 0.00
Percent of Specially Serviced Loans (per Current Number of Loans) 0.00000%
Percent of Specially Serviced Loans (per Current Outstanding Principal Balance) 0.00000%
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
Curr Bal Curr Bal
as % of as % of
Number of Initial Current Spec Total Pool
Specially Serviced Loan Status Loans Prin Bal Prin Bal Serv Loans Balance
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 = Request for waiver of Prepayment Penalty
2 = Payment Default
3 = Request for Loan Modification or Workout
4 = Loans with Borrower Bankruptcy
5 = Loans in Process of Foreclosure
6 = Loans now REO Property
7 = Loan Paid Off
8 = Loans Returned to Master Servicer
------------------------------------------------------------------------------------------------------------------------
*Original Loan count includes four loans which have subsequently been combined into one
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-09
</TABLE>
SPECIALLY SERVICED LOAN DETAIL
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------
Offer Transfer Sched Maturity Prop Spec Serv
Control# Date Prin Bal Date Type State NOI NOI Date DSCR Status Code *
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
No specially serviced loans
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
* Legend
- --------
1 = Request for waiver of Prepayment Penalty 4 = Loans with Borrower Bankruptcy 7 = Loan Paid Off
2 = Payment Default 5 = Loans in Process of Foreclosure 8 = Loans Returned to Master Servicer
3 = Request for Loan Modification or Workout 6 = Loans now REO Property
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-10
</TABLE>
MODIFIED LOAN DETAIL
- ------------------------------------------------------------------
Distribution Control Modfication Modification
Date # Date Description
- ------------------------------------------------------------------
No modified loans.
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-11
</TABLE>
REALIZED LOSS DETAIL
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Distribution Control Appraisal App Val/ Sched Gross GP as Agg Liq Net Liq NP as Current
Date # Date Broker Est Prin Bal Proceeds % of bal Expenses Proceeds % of bal Realized Loss
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
No realized losses
- --------------------------------------------------------------------------------------------------------------------------------
CURRENT Tot 0 0 0% 0 0 0
--
Cumulative 0 0 0% 0 0 0
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-01
</TABLE>
DISTRIBUTION OF CURRENT SCHEDULED PRINCIPAL BALANCES
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Current Weighted Averages
Scheduled # of Aggregate % Tot --------------------------------------------
Principal Mtg Sched Prin Sched Mort Mnths
Balance Loans Balance Bal DSCR Rate to Mat
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LESS THAN 1,000,000.00 26 19,868,791 1.54 1.47 9.07 117.50
1,000,000.00+ 47 67,114,745 5.19 1.43 8.93 121.75
2,000,000.00+ 44 107,118,963 8.28 1.39 8.82 128.27
3,000,000.00+ 53 183,085,433.00 14.15 1.35 8.81 117.93
4,000,000.00+ 23 102,930,738 7.96 1.38 8.74 99.00
5,000,000.00+ 26 141,134,788 10.91 1.43 8.86 113.19
6,000,000.00+ 17 108,757,955 8.41 1.30 8.64 92.93
7,000,000.00+ 13 97,728,051 7.55 1.41 8.62 106.97
8,000,000.00+ 10 90,023,786 6.96 1.31 8.51 113.98
10,000,000.00+ 10 127,198,399 9.83 1.42 8.65 99.14
15,000,000.00+ 5 90,386,649 6.99 1.33 8.65 115.89
20,000,000.00+ 6 158,305,015 12.24 1.27 8.57 177.49
- --------------------------------------------------------------------------------------------------------
Total 280 1,293,653,313 100.00 1.36 8.72 119.05
- --------------------------------------------------------------------------------------------------------
</TABLE>
DISTRIBUTION OF CURRENT MORTGAGE INTEREST RATES
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Current Weighted Averages
Mortgage # of Aggregate % Tot --------------------------------------------
Interest Mtg Sched Prin Sched Mort Mnths
Rate Loans Balance Bal DSCR Rate to Mat
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LESS THAN 8.00 1 16,313,430 1.26 1.26 7.99 104.00
8.000-8.249 24 133,544,980 10.32 1.31 8.09 89.93
8.250-8.499 34 239,169,726 18.49 1.31 8.37 131.63
8.500-8.749 64 312,837,894 24.18 1.30 8.61 132.77
8.750-8.999 63 282,137,052 21.81 1.35 8.85 105.56
9.000-9.249 46 145,381,076 11.24 1.45 9.10 107.10
9.250-9.499 35 130,515,502 10.09 1.60 9.34 141.68
9.500-9.999 10 26,474,547 2.05 1.30 9.65 103.38
10.000+ 3 7,279,106 0.56 1.58 10.33 96.79
- --------------------------------------------------------------------------------------------------------
Total 280 1,293,653,313 100.00 1.36 8.72 119.05
- --------------------------------------------------------------------------------------------------------
</TABLE>
DISTRIBUTION OF REMAINING STATED TERM (BALLOON LOANS ONLY)
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Remaining Weighted Averages
Stated # of Aggregate % Tot --------------------------------------------
Term Mtg Sched Prin Sched Mort Mnths
(Months) Loans Balance Bal DSCR Rate to Mat
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LESS THAN 13 0 - 0.00 0.00 0.00 0.00
13-24 0 - 0.00 0.00 0.00 0.00
25-36 0 - 0.00 0.00 0.00 0.00
37-48 2 5,744,829 0.50 1.49 10.16 44.97
49-60 0 - 0.00 0.00 0.00 0.00
61-72 52 257,254,980 22.33 1.31 8.49 70.47
73+ 196 888,914,870 77.17 1.37 8.75 116.43
- --------------------------------------------------------------------------------------------------------
Total 250 1,151,914,679 100.00 1.35 8.70 105.81
- --------------------------------------------------------------------------------------------------------
</TABLE>
DISTRIBUTION OF REMAINING STATED TERM (FULLY AMORTIZING LOANS ONLY)
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------
Remaining Weighted Averages
Stated # of Aggregate % Tot --------------------------------------------
Term Mtg Sched Prin Sched Mort Mnths
(Months) Loans Balance Bal DSCR Rate to Mat
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LESS THAN 13 0 - 0.00 0.00 0.00 0.00
13-24 0 - 0.00 0.00 0.00 0.00
25-36 0 - 0.00 0.00 0.00 0.00
37-60 1 5,557,262 3.92 1.42 9.62 40.00
61-120 3 19,264,790 13.59 1.51 9.31 106.22
121-180 10 33,621,988.00 23.72 1.52 8.73 164.63
181-240 6 19,990,542.00 14.10 1.49 9.01 224.50
241+ 10 63,304,052.00 44.66 1.40 8.74 313.31
- --------------------------------------------------------------------------------------------------------
Total 30 141,738,634 100.00 1.46 8.89 226.65
- --------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-02
</TABLE>
DISTRIBUTION OF HIGHEST STATE CONCENTRATIONS BY BALANCE AT CLOSING
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Weighted Averages
Top # of Aggregate % Tot --------------------------------------------
Ten Mtg Sched Prin Sched Mort Mnths
States Loans Balance Bal DSCR Rate to Mat
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Texas 52 166,944,680 12.90 1.27 8.64 95.16
Florida 30 146,766,995 11.35 1.39 8.69 98.61
California 14 102,496,204 7.92 1.36 8.71 157.02
Pennsylvania 9 88,992,908 6.88 1.37 8.64 117.65
Maryland 10 83,993,920 6.49 1.39 8.51 109.59
Arizona 17 71,635,621 5.54 1.29 8.85 120.47
Georgia 20 68,733,051 5.31 1.36 8.83 116.98
Massachusetts 8 52,028,724 4.02 1.46 8.94 102.08
New Jersey 6 51,991,091 4.02 1.41 8.74 245.06
Illinois 7 49,182,253 3.80 1.37 8.78 86.00
Other 107 410,887,866 31.76 1.38 8.74 119.08
- --------------------------------------------------------------------------------------------------------
Total 280 1,293,653,313 100.00 1.36 8.72 119.05
- --------------------------------------------------------------------------------------------------------
</TABLE>
DISTRIBUTION OF PROPERTY TYPE
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Weighted Averages
# of Aggregate % Tot --------------------------------------------
Property Mtg Sched Prin Sched Mort Mnths
Types Loans Balance Bal DSCR Rate to Mat
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Multi-Family 123 522,077,407 40.36 1.27 8.44 122.94
Retail 94 501,125,397 38.74 1.37 8.75 116.38
Hotel 28 127,475,350 9.85 1.65 9.37 130.77
Office 14 69,348,465 5.36 1.52 9.02 103.13
Industrial 8 30,770,653 2.38 1.31 8.99 111.27
Self-Storage 6 15,103,781 1.17 1.38 9.34 104.12
Health Care 4 14,684,562 1.14 1.36 8.66 107.42
Mobile Home Park 3 13,067,700 1.01 1.35 9.10 84.96
- --------------------------------------------------------------------------------------------------------
Total 280 1,293,653,313 100.00 1.36 8.72 119.05
- --------------------------------------------------------------------------------------------------------
</TABLE>
DISTRIBUTION OF SEASONING
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Weighted Averages
# of Aggregate % Tot --------------------------------------------
Seasoning Mtg Sched Prin Sched Mort Mnths
(months) Loans Balance Bal DSCR Rate to Mat
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LESS THAN 13 77 446,000,891 34.48 1.33 8.76 134.83
13-24 202 843,085,299 65.17 1.38 8.68 111.10
25-36 0 - 0.00 0.00 0.00 0.00
37-48 1 4,567,123 0.35 1.47 10.50 46.00
49-60 0 - 0.00 0.00 0.00 0.00
61-72 0 - 0.00 0.00 0.00 0.00
73+ 0 - 0.00 0.00 0.00 0.00
- --------------------------------------------------------------------------------------------------------
Total 280 1,293,653,313 100.00 1.36 8.72 119.05
- --------------------------------------------------------------------------------------------------------
</TABLE>
DISTRIBUTION OF MOST RECENT DEBT SERVICE COVERAGE RATIO
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Weighted Averages
# of Aggregate % Tot --------------------------------------------
Mtg Sched Prin Sched Mort Mnths
DSCR Loans Balance Bal DSCR Rate to Mat
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
0 0 - 0.00 0.00 0.00 0.00
0.01-1.00 6 19,155,737 1.48 0.80 8.82 103.73
1.01-1.10 13 48,035,572 3.71 1.07 8.52 97.00
1.11-1.20 26 101,404,764 7.84 1.17 8.50 125.77
1.21-1.30 82 468,587,286 36.22 1.27 8.60 137.38
1.31-1.40 59 310,297,719 23.99 1.35 8.66 98.83
1.41-1.50 38 141,506,275 10.94 1.45 9.04 111.81
1.51-2.00 46 171,302,322 13.24 1.62 8.98 115.68
2.01+ 10 33,363,639 2.58 2.53 9.08 117.81
- --------------------------------------------------------------------------------------------------------
Total 280 1,293,653,313 100.00 1.36 8.72 119.05
- --------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
FIRST UNION-LEHMAN BROTHERS COMMERCIAL MORTGAGE TRUST STATE STREET CORPORATE TRUST
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: corporatetrust.statestreet.com
SERIES 1997-C1 PAYMENT DATE: APRIL 18, 1998
UNDERWRITER: LEHMAN / FIRST UNION REPORT ID B233-03
</TABLE>
DISTRIBUTION OF LOAN TO VALUE RATIO
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Weighted Averages
Most # of Aggregate % Tot --------------------------------------------
Recent Mtg Sched Prin Sched Mort Mnths
LTV Loans Balance Bal DSCR Rate to Mat
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
0 0 - 0.00 0.00 0.00 0.00
0.01-49.99 11 43,004,376 3.32 1.88 9.02 117.26
50.00-59.99 37 126,013,999 9.74 1.59 9.07 129.26
60.00-69.99 88 327,398,170 25.31 1.38 8.98 110.25
70.00-79.99 141 775,328,380 59.93 1.29 8.53 120.12
80.00-89.99 2 4,738,803 0.37 1.16 8.60 343.00
90.00-99.99 0 - 0.00 0.00 0.00 0.00
100.00+ 1 17,169,586 1.33 1.33 8.94 106.00
- --------------------------------------------------------------------------------------------------------
Total 280 1,293,653,313 100 1.36 8.72 119.05
- --------------------------------------------------------------------------------------------------------
</TABLE>
DISTRIBUTION OF AMORTIZATION TYPE
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Weighted Averages
# of Aggregate % Tot --------------------------------------------
Amortization Mtg Sched Prin Sched Mort Mnths
Type Loans Balance Bal DSCR Rate to Mat
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Fully Amortizing 27 118,342,184 9.15 1.44 8.78 253.58
Amortizing Balloon 249 1,150,489,078 88.93 1.35 8.70 105.81
Other 4 24,822,052 1.92 1.49 9.38 91.39
- --------------------------------------------------------------------------------------------------------
Total 280 1,293,653,313 100.00 1.36 8.72 119.05
- --------------------------------------------------------------------------------------------------------
</TABLE>
DISTRIBUTION OF ORIGINAL TERM TO STATED MATURITY
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Weighted Averages
Original # of Aggregate % Tot --------------------------------------------
Term to Mtg Sched Prin Sched Mort Mnths
Maturity Loans Balance Bal DSCR Rate to Mat
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LESS THAN 73 2 6,734,968 0.52 1.45 9.49 40.17
73-88 56 279,589,439 21.61 1.35 8.58 70.23
89-107 1 1,403,468 0.11 1.57 9.40 78.00
108-120 179 777,020,810 60.06 1.36 8.73 106.04
121-240 26 150,384,250 11.62 1.38 8.80 182.29
241-274 0 - 0.00 0.00 0.00 0.00
275+ 16 78,520,377 6.07 1.36 8.78 307.97
- --------------------------------------------------------------------------------------------------------
Total 280 1,293,653,313 100.00 1.36 8.72 119.05
- --------------------------------------------------------------------------------------------------------
</TABLE>
|
|