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: 2/18/99
(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: 2/18/99
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: February 18, 1999
Payment Summary
<TABLE>
Pass-Thru Int Org.Moody's Org Beg Prin
Class CUSIP Rate Type Rating Balance Balance Distb. Amt
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 33736LAA3 0.07150000 Fixed Aaa 200,000,000.00 176,891,650.16 1,948,678.08
A-2 33736LAB1 0.07300000 Fixed Aaa 318,000,000.00 318,000,000.00 0.00
A-3 33736LAC9 0.07380000 Fixed Aaa 395,812,000.00 395,812,000.00 0.00
B 33736LAE5 0.07430000 Fixed Aa2 78,327,000.00 78,327,000.00 0.00
C 33736LAF2 0.07440000 Fixed A2 71,800,000.00 71,800,000.00 0.00
D 33736LAG0 0.07500000 Fixed Baa2 71,800,000.00 71,800,000.00 0.00
E 33736LAH8 0.07750000 Fixed Baa3 19,582,000.00 19,582,000.00 0.00
F 33736LAJ4 0.07000000 Fixed N/A 71,800,000.00 71,800,000.00 0.00
G 33736LAK1 0.07000000 Fixed N/A 13,054,813.00 13,054,813.00 0.00
H 33736LAL9 0.07000000 Fixed N/A 26,108,964.00 26,108,964.00 0.00
J 33736LAM7 0.07000000 Fixed N/A 13,054,483.00 13,054,483.00 0.00
K 33736LAN5 0.07000000 Fixed N/A 26,108,964.00 26,108,964.00 0.00
IO 33736LAD7 0.01303559 Variable Aaa 1,305,448,224.00 1,282,339,874.16 0.00
R N/A N/A 0.00 0.00 0.00
Totals: 1,305,448,224.00 1,282,339,874.16 1,948,678.08
</TABLE>
Int Total P&I Ending
Distb Amt Payable Balance
1,206,357.11 3,155,035.19 174,942,972.08
1,934,500.00 1,934,500.00 318,000,000.00
2,434,243.80 2,434,243.80 395,812,000.00
484,974.68 484,974.68 78,327,000.00
445,160.00 445,160.00 71,800,000.00
448,750.00 448,750.00 71,800,000.00
126,467.08 126,467.08 19,582,000.00
418,833.33 418,833.33 71,800,000.00
76,153.08 76,153.08 13,054,813.00
152,302.29 152,302.29 26,108,964.00
76,151.15 76,151.15 13,054,483.00
151,736.91 151,736.91 26,108,964.00
1,457,952.39 1,457,952.39 1,280,391,196.08
0.00 0.00 0.00
9,413,581.82 11,362,259.90 1,280,391,196.08
Distributions per Certificate
Beginning Principal Interest Ending
Class Cert Factor Distrb Distrb Cert Factor
A-1 0.88445825 9.7433904 6.0317855 0.8747149
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 5.8116787 1.0000000
IO 0.98229853 0.0000000 1.1168213 0.9808058
R 0.00000000 0.0000000 0.0000000 0.0000000
Principal Detail
<TABLE>
Beginning Principal Realized Appraisal Reimbrs Add Trust Ending
Class Balance Distrb Losses Reduction Amts Exp/Realzd Losses Balance
<S> <C> <C> <C> <C> <C> <C>
A-1 176,891,650.16 1,948,678.08 0.00 0.00 0.00 174,942,972.08
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 1,282,339,874.16 0.00 0.00 0.00 0.00 1,280,391,196.08
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals: 1,282,339,874.16 1,948,678.08 0.00 0.00 0.00 1,280,391,196.08
</TABLE>
<TABLE>
Interest Detail
Accrued Excess Prepaymt Distribtbl Current Unpaid Payment to Class Interest Prepymt Prems/ Ending Balance
Class Cert Int Int Shtfl Cert Int Int Unpaid Int Dist Amount YMC Unpaid Interest
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 1,053,979.42 0.00 1,053,979.42 0.00 0.00 1,053,979.42 152,377.69 0.00
A-2 1,934,500.00 0.00 1,934,500.00 0.00 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 2,434,243.80 0.00 0.00
B 484,974.68 0.00 484,974.68 0.00 0.00 484,974.68 0.00 0.00
C 445,160.00 0.00 445,160.00 0.00 0.00 445,160.00 0.00 0.00
D 448,750.00 0.00 448,750.00 0.00 0.00 448,750.00 0.00 0.00
E 126,467.08 0.00 126,467.08 0.00 0.00 126,467.08 0.00 0.00
F 418,833.33 0.00 418,833.33 0.00 0.00 418,833.33 0.00 0.00
G 76,153.08 0.00 76,153.08 0.00 0.00 76,153.08 0.00 0.00
H 152,302.29 0.00 152,302.29 0.00 0.00 152,302.29 0.00 0.00
J 76,151.15 0.00 76,151.15 0.00 0.00 76,151.15 0.00 0.00
K 152,302.29 0.00 152,302.29 565.38 0.00 151,736.91 0.00 13,158.28
IO 1,393,004.74 0.00 1,393,004.74 0.00 0.00 1,393,004.74 64,947.66 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Totals:9,196,821.86 0.00 9,196,821.85 565.38 0.00 9,196,256.47 217,325.35 13,158.28
</TABLE>
Trustee Report to Certificateholders
Mortgage Loan Activity for related Payment Date:
<TABLE>
# of Mortgage Weighted Avr. Rmn Weighted Avg Beg. Agg Stated End Agg Stated End Unpaid Avlble
Loans Outs Term to Mat Mtg Rate Prin Bal Prin Bal Prin Bal Distb Amt
<S> <C> <C> <C> <C> <C> <C>
278 110.03 0.08758974 1,282,340,239.50 1,280,391,561.42 1,280,418,900.68 11,362,259.90
</TABLE>
Current Current Additional Principal
Realized Losses Trust Fund Exp # of Payoffs Prepayments
0 568.19 1 779,000.38
Appraisal Reduction Information:
Loan # SPB of Apr Red Loan All Unpd Int & Fees Appraised Value P&I Adv. on Loan
N/A 0.00 0.00 0.00 0.00
Aggregate Delinquency information for related Payment Date:
One Month Two Months 3 Months + Foreclosures
# of Loans 1 0 0 0
Agg Prin Balance 1,921,650.00 0.00 0.00 0.00
REO Property with Final Recovery Determination:
Mortgage Basis for Final All Proceeds Portion Proceeds Amount of
Loan # Recovery Determination Received to Certificates Realized Loss
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
Liquidated Mortgage Loans: (other than Prepayments in full)
Loan Nature of Liquidation Portion of Proceeds Amount of
# Liquidation Event Proceeds Payable to Cert. Realized Loss
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
Trustee Report to Certificateholders
Subordinate Level and Maturity
Original Subordinate Current Subordinate Original Class Maturity
Class Support Percentage Support Percentage at 0 percent CPR
A-1 0.3000 0.3059 February 18, 2004
A-2 0.3000 0.3059 December 18, 2006
A-3 0.3000 0.3059 April 18, 2007
B 0.2400 0.2447 April 18, 2007
C 0.1850 0.1886 April 18, 2007
D 0.1300 0.1325 October 18, 2008
E 0.1150 0.1173 August 18, 2009
F 0.0600 0.0612 December 18, 2014
G 0.0500 0.0510 December 18, 2016
H 0.0300 0.0306 May 18, 2017
J 0.0200 0.0204 March 18, 2020
K 0.0000 0.0000 April 18, 2027
IO N/A N/A April 18, 2027
R N/A N/A N/A
P&I Advance & Fee Information: Loan Prepayment Information:
Advances: Loan # Amount of Prepayment
- Current P&I 234,325.05 142000101 779,000.35
- Outstanding P&I 234,325.05 N/A N/A
- Servicing 0.00 N/A N/A
- Nonrecoverable P&I 0.00 N/A N/A
Interest on: NA N/A
- P&I Advances 568.19 Total 779,000.38
- Servicing Advances 0.00
Servicing Compensation:
- to Master Servicer 42,950.45
- to Special Servicer 43,812.04
Loan Prepayment Information:
Loan # Amount of Prepayment
142000101 779,000.35
N/A N/A
N/A N/A
N/A N/A
NA N/A
Total 779,000.38
Distribution of Current Scheduled Principal Balances
Current Weighted Averages
Scheduled of Aggregate Tot
Principal Mtg Sched Prin Sched Mort Mnths
Balance Loans Balance Bal DSCR Rate to Mat
- -1,000,000.00 25 18,921,430 1.48 9.05 108.27
1,000,000.00+ 47 67,357,094 5.26 8.93 113.21
2,000,000.00+ 44 106,952,494 8.35 8.81 118.48
3,000,000.00+ 53 182,351,018.00 14.24 8.82 106.84
4,000,000.00+ 25 112,708,198 8.80 8.78 95.97
5,000,000.00+ 24 130,977,916 10.23 8.85 96.43
6,000,000.00+ 16 101,796,540 7.95 8.63 84.22
7,000,000.00+ 13 96,986,476 7.57 8.62 96.91
8,000,000.00+ 10 89,232,013 6.97 8.51 103.91
10,000,000.00+ 10 126,141,466 9.85 8.65 89.14
15,000,000.00+ 5 89,699,765 7.01 8.65 105.91
20,000,000.00+ 6 157,267,151 12.28 8.57 167.51
Total 278 1,280,391,561 100.00 8.72 109.03
Distribution of Current Mortgage Interest Rates
Current Weighted Averages
Mortgage of Aggregate Tot
Interest Mtg Sched Prin Sched Mort Mnths
Rate Loans Balance Bal DSCR Rate to Mat
less 8.00 1 16,186,350 1.26 7.99 94.00
8.000-8.249 24 132,312,990 10.33 8.09 79.81
8.250-8.499 34 237,245,666 18.53 8.37 121.62
8.500-8.749 64 310,295,344 24.23 8.61 122.76
8.750-8.999 62 278,572,586 21.76 8.85 95.51
9.000-9.249 46 144,100,405 11.25 9.10 97.11
9.250-9.499 34 128,269,039 10.02 9.34 131.83
9.500-9.999 10 26,199,047 2.05 9.65 93.40
10.000+ 3 7,210,133 0.56 10.33 86.48
Total 278 1,280,391,561 100.00 8.72 109.03
Distribution of Remaining Stated Term (Balloon Loans Only)
Remaining Weighted Averages
Stated of Aggregate Tot
Term Mtg Sched Prin Sched Mort Mnths
(Months) Loans Balance Bal DSCR Rate to Mat
less 13 0 0.00 0.00 0.00
13-24 0 0.00 0.00 0.00
25-36 2 5,705,017 0.50 10.16 34.98
37-48 0 0.00 0.00 0.00
49-60 24 88,461,198 7.75 8.58 58.74
61-72 32 185,780,677 16.28 8.54 61.60
73+ 190 861,072,320 75.47 8.73 107.43
Total 248 1,141,019,212 100.00 8.69 95.83
Distribution of Remaining Stated Term (Fully Amortizing Loans Only)
Remaining Weighted Averages
Stated of Aggregate Tot
Term Mtg Sched Prin Sched Mort Mnths
(Months) Loans Balance Bal DSCR Rate to Mat
less 13 0 0.00 0.00 0.00
13-24 0 0.00 0.00 0.00
25-36 1 5,502,496 3.95 9.63 30.00
37-60 0 0.00 0.00 0.00
61-120 3 18,977,642 13.62 9.31 96.22
121-180 10 32,521,618.00 23.33 8.73 154.63
181-240 6 19,646,446.00 14.10 9.01 214.51
241 plus 10 62,724,147.00 45.00 8.74 303.43
Total 30 139,372,349 100.00 8.89 217.16
First Union-Lehman Brothers Commercial Mortgage Trust
Commercial Mortgage Pass-Through Certificates
Series 1997-1
Underwriter: Lehman / First Union
Distribution of Highest State Concentrations by Balance at Closing
Top of Aggregate Tot Weighted Averages
Ten Mtg Sched Prin Sched Mort Mnths
States Loans Balance Bal DSCR Rate to Mat
Texas 52 165,481,332 12.92 8.64 85.07
Florida 30 145,650,773 11.38 8.69 88.61
California 14 101,573,395 7.93 8.71 147.09
Pennsylvania 9 88,313,868 6.90 8.64 107.67
Maryland 10 83,088,828 6.49 8.51 99.38
Arizona 17 71,102,437 5.55 8.85 110.44
Georgia 20 68,030,149 5.31 8.83 106.87
New Jersey 6 51,587,728 4.03 8.74 235.17
Masschusetts 8 51,564,885 4.03 8.94 92.08
Illinois 7 48,656,683 3.80 8.78 75.97
Other 105 405,341,482 31.66 8.73 109.09
Total 278 1,280,391,561 100.00 8.72 109.03
Distribution of Property Type
of Aggregate Tot Weighted Averages
Property Mtg Sched Prin Sched Mort Mnths
Types Loans Balance Bal DSCR Rate to Mat
Retail 94 496,447,575 38.77 8.75 106.31
Multi-Family 121 516,384,513 40.33 8.44 113.01
Office 14 68,659,128 5.36 9.02 93.13
Self-Storage 6 14,952,512 1.17 9.34 94.12
Industrial 8 30,355,656 2.37 8.99 101.07
Health Care 4 14,554,647 1.14 8.66 97.42
Mobile Home Park 3 12,966,103 1.01 9.10 74.92
Hotel 28 126,071,426 9.85 9.37 120.67
Total 278 1,280,391,560 100.00 8.72 109.03
Distribution of Seasoning
of Aggregate Tot Weighted Averages
Seasoning Mtg Sched Prin Sched Mort Mnths
(months) Loans Balance Bal DSCR Rate to Mat
less 13 0 0.00 0.00 0.00
13-24 153 802,051,026 62.64 8.71 110.97
25-36 124 473,800,180 37.00 8.71 106.46
37-48 1 4,540,356 0.35 10.50 36.00
49-60 0 - 0.00 0.00 0.00
61-72 0 - 0.00 0.00 0.00
73+ 0 - 0.00 0.00 0.00
Total 278 1,280,391,561 100.00 8.72 109.03
Distribution of Most Recent Debt Service Coverage Ratio
Mtg Sched Prin Sched Mort Mnths
DSCR Loans Balance Bal DSCR Rate to Mat
0 33 175632848.00 13.72 8.72 142.31
less 1.01 19 55591325.00 4.34 8.82 159.98
1.01 - 12 67523390.00 5.27 8.74 106.80
1.11 - 23 144593772.00 11.29 8.62 131.70
1.21 - 39 171232781.00 13.37 8.60 93.50
1.31 - 34 200344988.00 15.65 8.56 87.50
1.41 - 41 179015258.00 13.98 8.68 99.97
1.51 - 64 247504822.00 19.33 8.92 94.83
2.01+ 13 38952378.00 3.04 9.05 116.94
Total 278 1280391561.00 100.00 8.72 109.03
First Union-Lehman Brothers Commercial Mortgage Trust
Commercial Mortgage Pass-Through Certificates
Series 1997-1
Underwriter: Lehman / First Union
Distribution of Loan to Value Ratio
Most of Aggregate Tot Weighted Averages
Recent Mtg Sched Prin Sched Mort Mnths
LTV Loans Balance Bal DSCR Rate to Mat
0 278 1,280,391,561 100.00 8.72 109.03
less 50.00 0 - 0.00 0.00 0.00
50.00-59.99 0 - 0.00 0.00 0.00
60.00-69.99 0 - 0.00 0.00 0.00
70.00-79.99 0 - 0.00 0.00 0.00
80.00-89.99 0 - 0.00 0.00 0.00
90.00-99.99 0 - 0.00 0.00 0.00
100.00+ 0 - 0.00 0.00 0.00
Total 278 1,280,391,561 100.00 8.72 109.03
Distribution of Amortization Type
of Aggregate Tot Weighted Averages
Amortization Mtg Sched Prin Sched Mort Mnths
Type Loans Balance Bal DSCR Rate to Mat
Fully Amortizing 27 116,262,258 9.08 8.78 244.35
Amortizing Balloon 247 1,139,649,166 89.01 8.69 95.83
Other 4 24,480,138 1.91 9.38 81.33
Total 278 1,280,391,561 100.00 8.72 109.03
Distribution of Original Term to Stated Maturity
Original of Aggregate Tot Weighted Averages
Term to Mtg Sched Prin Sched Mort Mnths
Maturity Loans Balance Bal DSCR Rate to Mat
less 73 2 6,667,157 0.52 9.49 30.17
73-88 56 277,387,322 21.66 8.58 60.23
89-107 1 1,394,909 0.11 9.40 68.00
108-120 177 768,802,131 60.04 8.73 96.05
121-240 26 148,307,645 11.58 8.80 172.35
241-274 0 0.00 0.00 0.00
275+ 16 77,832,397 6.08 8.78 298.05
Total 278 1,280,391,561 100.00 8.72 109.03
Distribution of Maturity Date Extensions (Since Deal Origination)
Current Cumulative
of Aggregate WA of Aggregate WA
Months Mtg Sched Prin Months Mtg Sched Prin Months
Extended Loans Balance Extended Loans Balance Extended
0 -12 0 0.00 0 0.00 0.00 0
13-24 0 0.00 0 0.00 0.00 0
25 + 0 0.00 0 0.00 0.00 0
Extd & Pd Off 0 0.00 0 0.00 0.00 0
Total 0 0.00 0 0.00 0.00 0
<TABLE>
First Union-Lehman Brothers Commercial Mortgage Trust
Commercial Mortgage Pass-Through Certificates
Series 1997-C1
Underwriter: Lehman / First Union
Loan Level Detail
Offer Property Maturity Neg Am Ending Note Sched Prepay Paid Thru Prepmt Loan
Cntrl Type State Date (Y/N) Sched Bal Rate P&I Liquid Date Premium Status
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 Retail CA 20170401 N 33,026,735 8.550 258,071.10 0.00 2011999 0.00 0
2 Multifamily NJ 20270401 N 29,562,149 8.420 228,975.31 0.00 2011999 0.00 0
3 Retail MD 20070101 N 28,308,032 8.750 231,008.68 0.00 2011999 0.00 0
4 Retail PA 20070401 N 23,641,910 8.625 190,418.48 0.00 2011999 0.00 0
5 Multifamily IN 20070401 N 21,914,263 8.250 167,156.82 0.00 2011999 0.00 0
6 Retail GA 20070201 N 20,814,063 8.840 167,558.14 0.00 2011999 0.00 0
7 Retail AL 20081001 N 19,675,689 9.224 164,158.40 0.00 2011999 0.00 0
8 Multifamily PA 20120401 N 18,735,344 8.657 148,212.84 0.00 2011999 0.00 0
9 Multifamily MD 20040301 N 18,112,668 8.320 139,139.57 0.00 2011999 0.00 0
10 Multifamily PA 20061201 N 16,186,350 7.992 120,979.15 0.00 2011999 0.00 0
11 Hotel IL 20040301 N 14,195,241 9.375 125,428.38 0.00 2011999 0.00 0
12 Multifamily MD 20070301 N 13,776,200 8.200 104,685.62 0.00 2011999 0.00 0
13 Office Va 20070101 N 13,533,490 8.740 108,073.12 0.00 2011999 0.00 0
14 Retail FL 20061201 N 13,215,561 8.440 102,847.48 0.00 2011999 0.00 0
15 Retail MA 20070401 N 13,116,672 8.710 104,251.42 0.00 2011999 0.00 0
16 Office CA 20070301 N 12,526,397 9.230 118,894.27 0.00 2011999 0.00 0
17 Multifamily FL 20061101 N 12,765,439 8.475 99,728.51 0.00 2011999 0.00 0
19 Retail PA 20070201 N 11,251,378 8.840 90,576.25 0.00 2011999 0.00 0
20 Retail CO 20070401 N 11,024,282 8.050 82,572.35 0.00 2011999 0.00 0
21 Multifamily IL 20040401 N 10,736,808 8.290 82,194.77 0.00 2011999 0.00 0
22 Multifamily CA 20070401 N 9,438,331 8.570 74,091.26 0.00 2011999 0.00 0
23 Retail FL 20031201 N 9,332,075 8.368 72,159.93 0.00 2011999 0.00 0
24 Multifamily TN 20061201 N 9,326,515 8.200 71,036.67 0.00 2011999 0.00 0
25 Hotel VA 20191101 N 9,201,234 9.250 83,225.42 0.00 2011999 0.00 0
26 Multifamily FL 20070101 N 9,141,945 8.350 70,522.67 0.00 2011999 0.00 0
27 Multifamily TX 20040401 N 8,966,663 8.400 69,327.23 0.00 2011999 0.00 0
28 Multifamily FL 20070201 N 8,950,441 8.500 69,925.09 0.00 2011999 0.00 0
29 Retail IL 20061201 N 8,351,949 8.474 75,790.61 0.00 2011999 0.00 0
30 Multifamily TX 20061101 N 8,399,442 8.600 66,349.00 0.00 2011999 0.00 0
31 Multifamily MO 20070301 N 8,123,418 8.410 62,909.90 0.00 2011999 0.00 0
32 Multifamily FL 20070101 N 7,800,312 8.625 61,663.17 0.00 2011999 0.00 0
33 Multifamily NC 20040301 N 7,709,708 8.000 57,527.15 0.00 2011999 0.00 0
34 Multifamily FL 20070101 N 7,667,437 8.350 59,148.04 0.00 2011999 0.00 0
35 Hotel MA 20040501 N 7,553,997 9.400 66,740.17 0.00 2011999 0.00 0
36 Retail AZ 20040101 N 7,589,392 8.610 59,916.39 0.00 2011999 0.00 0
37 Health Care MT 20070401 N 7,589,154 8.490 59,151.78 0.00 2011999 0.00 0
38 Retail MD 20070401 N 7,588,564 8.463 59,004.55 0.00 2011999 0.00 0
39 Multifamily GA 20070101 N 7,463,892 8.080 56,190.54 0.00 2011999 0.00 0
40 Multifamily CA 20070401 N 7,429,211 8.570 58,319.59 0.00 2011999 0.00 0
41 Hotel VA 20191101 N 7,264,132 9.250 65,704.28 0.00 1011999 0.00 B
42 Office CA 20070301 N 7,243,898 8.720 57,665.07 0.00 2011999 0.00 0
43 Retail CO 20061201 N 7,082,346 8.770 56,745.31 0.00 2011999 0.00 0
44 Retail AZ 20040401 N 7,004,434 8.830 56,261.89 0.00 2011999 0.00 0
45 Retail AZ 20070201 N 6,865,947 9.000 57,618.78 0.00 2011999 0.00 0
46 Retail FL 20070401 N 6,724,532 9.000 57,484.95 0.00 2011999 0.00 0
47 Multifamily SC 20040301 N 6,651,123 8.000 49,628.36 0.00 2011999 0.00 0
48 Retail AZ 20040401 N 6,660,578 8.910 53,875.48 0.00 2011999 0.00 0
49 Retail IL 20070101 N 6,561,607 8.800 54,856.21 0.00 2011999 0.00 0
50 Retail NE 20070101 N 6,534,539 8.240 49,912.49 0.00 2011999 0.00 0
51 Multifamily TN 20061101 N 6,531,059 8.520 51,227.03 0.00 2011999 0.00 0
52 Retail LA 20120201 N 6,102,705 8.910 66,185.13 0.00 2011999 0.00 0
53 Multifamily TX 20040401 N 6,351,335 8.180 48,139.65 0.00 2011999 0.00 0
54 Multifamily TX 20040201 N 6,294,523 8.280 48,216.11 0.00 2011999 0.00 0
55 Retail MI 20070201 N 6,247,191 8.860 53,096.34 0.00 2011999 0.00 0
56 Multifamily SC 20040301 N 6,228,421 8.000 46,474.31 0.00 2011999 0.00 0
57 Retail FL 20040401 N 6,000,760 8.850 49,653.00 0.00 2011999 0.00 0
58 Retail AZ 20031101 N 6,016,517 8.905 48,809.19 0.00 2011999 0.00 0
59 Retail OK 20070401 N 6,021,255 9.040 49,257.65 0.00 2011999 0.00 0
60 Multifamily TX 20070201 N 6,004,449 8.540 47,076.76 0.00 2011999 0.00 0
61 Retail WA 20040101 N 5,948,064 8.875 50,669.85 0.00 2011999 0.00 0
62 Office TX 20040401 N 5,876,082 9.180 51,093.40 0.00 2011999 0.00 0
63 Multifamily AZ 20220201 N 5,882,602 8.600 47,500.43 0.00 2011999 0.00 0
65 Retail SC 20070101 N 5,798,891 8.750 48,917.55 0.00 2011999 0.00 0
66 Multifamily NC 20040301 N 5,742,946 8.000 42,851.86 0.00 2011999 0.00 0
67 Retail CT 20070301 N 5,713,591 8.560 44,843.84 0.00 2011999 0.00 0
68 Hotel NJ 20070401 N 5,677,068 9.375 49,955.10 0.00 2011999 0.00 0
69 Retail FL 20070401 N 5,622,214 9.000 46,718.44 0.00 2011999 0.00 0
70 Office PA 20070401 N 5,578,692 8.990 47,795.17 0.00 2011999 0.00 0
71 Self Storag NM 20061001 N 5,506,715 9.560 49,599.72 0.00 2011999 0.00 0
72 Hotel KY 20010801 N 5,502,496 9.625 49,855.69 0.00 2011999 0.00 0
73 Retail AZ 20120401 N 5,523,721 8.770 44,135.24 0.00 2011999 0.00 0
74 Multifamily NC 20040301 N 5,506,934 8.000 41,090.82 0.00 2011999 0.00 0
75 Retail NJ 20070401 N 5,404,182 9.030 44,171.32 0.00 2011999 0.00 0
76 Retail NC 20070401 N 5,298,572 8.875 44,855.27 0.00 2011999 0.00 0
77 Mobile Home CO 20070301 N 5,315,839 8.330 40,872.50 0.00 2011999 0.00 0
78 Hotel FL 20070401 N 5,264,191 9.375 46,322.00 0.00 2011999 0.00 0
79 Office FL 20070301 N 5,226,754 8.940 42,416.39 0.00 2011999 0.00 0
80 Retail AZ 20120401 N 5,210,993 8.978 42,400.52 0.00 2011999 0.00 0
81 Retail MD 20111201 N 4,875,101 8.249 51,414.36 0.00 2011999 0.00 0
82 Retail NC 20070101 N 5,132,343 8.875 42,318.30 0.00 2011999 0.00 0
83 Multifamily TX 20031201 N 5,106,500 8.280 39,175.59 0.00 2011999 0.00 0
84 Hotel CO 20040501 N 5,052,349 9.400 44,637.90 0.00 2011999 0.00 0
85 Multifamily KY 20070401 N 5,077,880 8.630 40,074.50 0.00 2011999 0.00 0
86 Hotel PA 20040501 N 4,980,765 9.400 45,195.80 0.00 2011999 0.00 0
87 Hotel VA 20170401 N 4,938,700 9.250 46,709.21 0.00 2011999 0.00 0
88 Multifamily TX 20031201 N 5,008,298 8.280 38,422.21 0.00 2011999 0.00 0
89 Multifamily AL 20040301 N 4,916,906 8.000 36,688.23 0.00 2011999 0.00 0
91 Hotel NJ 20070201 N 4,841,331 9.000 43,558.72 0.00 2011999 0.00 0
92 Retail FL 20040101 N 4,865,443 8.750 39,704.62 0.00 2011999 0.00 0
93 Multifamily MS 20040301 N 4,798,900 8.000 35,807.72 0.00 2011999 0.00 0
94 Retail CO 20070401 N 4,788,485 8.970 38,935.60 0.00 2011999 0.00 0
95 Retail TX 20040401 N 4,785,236 8.870 38,571.39 0.00 2011999 0.00 0
96 Multifamily TX 20040301 N 4,726,082 8.000 35,264.38 0.00 2011999 0.00 0
97 Multifamily VA 20040301 N 4,720,229 8.000 35,220.70 0.00 2011999 0.00 0
98 Multifamily TX 20040101 N 4,664,768 8.070 35,085.89 0.00 2011999 0.00 0
100 Retail CA 20160301 N 4,431,341 8.442 40,890.45 0.00 2011999 0.00 0
101 Mobile Home ME 20020201 N 4,540,356 10.500 42,535.38 0.00 2011999 0.00 0
102 Retail GA 20070401 N 4,448,227 8.530 34,696.83 0.00 2011999 0.00 0
103 Hotel GA 20061101 N 4,256,132 9.750 40,536.88 0.00 2011999 0.00 0
104 Hotel TN 20070401 N 4,294,911 9.375 37,792.87 0.00 2011999 0.00 0
105 Retail TX 20120101 N 4,073,607 8.690 43,819.97 0.00 2011999 0.00 0
106 Self Storag CA 20070401 N 4,256,102 8.900 36,207.62 0.00 2011999 0.00 0
107 Retail MO 20070401 N 4,159,892 9.014 35,706.60 0.00 2011999 0.00 0
108 Multifamily TX 20070201 N 4,096,705 8.670 34,302.07 0.00 2011999 0.00 0
109 Retail CA 20070101 N 4,097,409 9.000 35,246.25 0.00 2011999 0.00 0
110 Multifamily FL 20061101 N 4,077,278 8.625 32,278.27 0.00 2011999 0.00 0
111 Retail TX 20070201 N 4,041,699 9.030 33,078.07 0.00 2011999 0.00 0
112 Multifamily TX 20070101 N 4,032,593 8.520 31,583.59 0.00 2011999 0.00 0
113 Retail IL 20070101 N 3,994,410 8.660 33,457.55 0.00 2011999 0.00 0
114 Office AZ 20070401 N 3,948,261 9.030 32,271.29 0.00 2011999 0.00 0
115 Retail FL 20070401 N 3,946,904 8.900 31,897.51 0.00 2011999 0.00 0
116 Multifamily TX 20070301 N 3,945,592 9.020 32,242.48 0.00 2011999 0.00 0
117 Multifamily NY 20170401 N 3,849,581 8.550 34,839.62 0.00 2011999 0.00 0
118 Multifamily AL 20061001 N 3,929,492 8.800 31,610.97 0.00 2011999 0.00 0
119 Hotel FL 20070401 N 3,778,819 9.375 36,035.36 0.00 2011999 0.00 0
120 Multifamily TX 20061201 N 3,783,673 8.500 29,603.17 0.00 2011999 0.00 0
121 Retail AL 20070101 N 3,762,713 8.625 30,387.62 0.00 2011999 0.00 0
122 Multifamily TX 20040301 N 3,742,828 8.510 29,245.65 0.00 2011999 0.00 0
123 Multifamily AZ 20040101 N 3,700,148 8.530 30,675.49 0.00 2011999 0.00 0
124 Multifamily MA 20070401 N 3,721,083 8.530 29,106.78 0.00 2011999 0.00 0
125 Hotel GA 20070401 N 3,681,493 9.375 32,395.12 0.00 2011999 0.00 0
126 Multifamily NC 20061101 N 3,685,874 8.750 29,501.27 0.00 2011999 0.00 0
127 Multifamily VA 20061101 N 3,659,278 8.590 28,879.96 0.00 2011999 0.00 0
128 Retail FL 20070101 N 3,641,739 8.740 29,081.49 0.00 2011999 0.00 0
129 Multifamily AZ 20061101 N 3,636,729 8.750 29,107.92 0.00 2011999 0.00 0
130 Retail GA 20111201 N 3,426,158 8.740 37,082.61 0.00 2011999 0.00 0
131 Retail NC 20070101 N 3,548,060 8.650 29,695.43 0.00 2011999 0.00 0
132 Hotel DE 20070401 N 3,510,350 9.250 33,200.17 0.00 2011999 0.00 0
133 Hotel MA 20070401 N 3,538,952 9.375 31,140.84 0.00 2011999 0.00 0
134 Health Care CA 20070301 N 3,511,434 8.370 28,673.48 0.00 2011999 0.00 0
135 Multifamily CT 20040401 N 3,504,945 9.125 28,883.97 0.00 2011999 0.00 0
136 Multifamily CA 20070301 N 3,499,056 8.750 27,927.86 0.00 2011999 0.00 0
137 Hotel GA 20070401 N 3,440,647 9.375 30,275.82 0.00 2011999 0.00 0
138 Hotel PA 20070401 N 3,437,501 9.125 29,672.05 0.00 2011999 0.00 0
139 Retail TX 20040201 N 3,446,873 8.700 27,409.62 0.00 2011999 0.00 0
140 Multifamily MO 20111201 N 3,437,250 8.295 26,405.14 0.00 2011999 0.00 0
141 Hotel CA 20191101 N 3,391,843 9.375 30,957.50 0.00 2011999 0.00 0
142 Hotel FL 20070201 N 3,387,413 9.680 30,663.96 0.00 2011999 0.00 0
143 Retail CA 20120401 N 3,369,628 8.412 27,576.07 0.00 2011999 0.00 0
144 Multifamily VA 20040301 N 3,336,658 8.000 24,896.98 0.00 2011999 0.00 0
145 Office NJ 20070301 N 3,301,820 9.125 27,826.83 0.00 2011999 0.00 0
146 Office SC 20070101 N 3,237,730 9.250 30,883.03 0.00 2011999 0.00 0
147 Retail MA 20070301 N 3,272,311 8.750 27,541.81 0.00 2011999 0.00 0
148 Retail FL 20031201 N 3,261,598 8.780 27,610.13 0.00 2011999 0.00 0
149 Retail TX 20070301 N 3,259,737 8.720 27,371.05 0.00 2011999 0.00 0
150 Multifamily TX 20120301 N 3,254,030 8.900 26,315.45 0.00 2011999 0.00 0
151 Retail CA 20040101 N 3,247,731 8.645 25,712.65 0.00 2011999 0.00 0
152 Multifamily NY 20070101 N 3,244,945 8.445 25,245.63 0.00 2011999 0.00 0
153 Hotel LA 20070201 N 3,200,712 9.375 29,100.04 0.00 2011999 0.00 0
154 Multifamily TX 20040301 N 3,196,198 8.020 23,892.68 0.00 2011999 0.00 0
155 Mobile Home VA 20061201 N 3,109,908 8.360 25,466.07 0.00 2011999 0.00 0
156 Multifamily AR 20061101 N 3,112,006 8.782 26,378.20 0.00 2011999 0.00 0
157 Self Storag CO 20061001 N 3,117,564 9.460 27,869.37 0.00 2011999 0.00 0
158 Retail MD 20111201 N 2,943,458 8.249 31,042.63 0.00 2011999 0.00 0
159 Multifamily UT 20261101 N 3,099,443 8.600 24,483.17 0.00 2011999 0.00 0
160 Multifamily CO 20070201 N 3,073,474 8.790 24,634.24 0.00 2011999 0.00 0
161 Office TX 20070401 N 3,037,580 9.340 26,740.62 0.00 2011999 0.00 0
162 Retail TX 20070301 N 3,028,221 8.760 25,507.52 0.00 2011999 0.00 0
163 Multifamily TX 20070201 N 3,049,994 8.390 23,595.08 0.00 2011999 0.00 0
164 Industrial TX 20120101 N 2,903,336 9.250 32,162.26 0.00 2011999 0.00 0
165 Multifamily FL 20070401 N 3,033,797 8.280 23,204.00 0.00 1011999 0.00 B
166 Industrial FL 20040401 N 3,008,963 8.832 24,173.21 0.00 2011999 0.00 0
167 Multifamily MN 20220101 N 3,007,870 9.400 25,423.82 0.00 2011999 0.00 0
168 Retail PA 20070101 N 2,922,451 8.636 24,432.38 0.00 2011999 0.00 0
169 Retail KS 20070301 N 2,932,206 8.738 23,378.84 0.00 2011999 0.00 0
170 Retail FL 20070401 N 2,862,113 8.980 23,292.34 0.00 1011999 0.00 B
171 Multifamily NY 20070301 N 2,846,059 8.625 23,008.90 0.00 2011999 0.00 0
172 Multifamily NV 20040101 N 2,824,267 8.570 23,488.54 0.00 2011999 0.00 0
173 Multifamily NJ 20070201 N 2,801,178 9.350 24,064.13 0.00 2011999 0.00 0
174 Multifamily TX 20040401 N 2,799,517 8.540 21,917.70 0.00 2011999 0.00 0
175 Retail MD 20111101 N 2,656,641 8.938 29,154.42 0.00 2011999 0.00 0
176 Multifamily GA 20220301 N 2,729,827 8.250 22,076.60 0.00 2011999 0.00 0
177 Multifamily AL 20040301 N 2,728,883 8.000 20,361.97 0.00 2011999 0.00 0
178 Multifamily TX 20070101 N 2,655,956 8.560 20,875.58 0.00 2011999 0.00 0
179 Retail MD 20170401 N 2,551,188 9.375 24,328.49 0.00 2011999 0.00 0
180 Multifamily MN 20040101 N 2,582,351 8.020 19,334.69 0.00 2011999 0.00 0
181 Retail IL 20040301 N 2,573,399 8.580 20,840.86 0.00 2011999 0.00 0
182 Retail FL 20070401 N 2,566,437 9.040 20,995.06 0.00 2011999 0.00 0
183 Retail TX 20070401 N 2,556,516 9.220 21,630.00 0.00 2011999 0.00 0
184 Health Care GA 20070401 N 2,478,751 9.000 21,189.71 0.00 2011999 0.00 0
185 Multifamily TX 20070301 N 2,486,182 8.400 19,236.40 0.00 1011999 0.00 B
186 Multifamily UT 20261101 N 2,470,713 8.600 19,516.70 0.00 2011999 0.00 0
187 Retail NY 20060901 N 2,428,725 9.060 21,082.73 0.00 2011999 0.00 0
188 Multifamily TX 20070101 N 2,415,405 8.370 18,666.30 0.00 2011999 0.00 0
189 Retail TX 20061001 N 2,311,082 9.180 20,224.47 0.00 2011999 0.00 0
190 Hotel OH 20120101 N 2,218,988 9.250 20,017.90 0.00 2011999 0.00 0
191 Retail IL 20070401 N 2,243,270 8.810 17,987.10 0.00 2011999 0.00 0
192 Multifamily UT 20261101 N 2,234,939 8.600 17,654.27 0.00 2011999 0.00 0
193 Hotel TX 20161101 N 2,181,168 9.250 20,881.76 0.00 2011999 0.00 0
194 Multifamily TX 20070401 N 2,226,891 8.875 17,957.71 0.00 2011999 0.00 0
195 Retail NY 20111101 N 2,104,133 8.938 23,091.11 0.00 2011999 0.00 0
196 Retail FL 20040301 N 2,216,215 8.520 17,332.45 0.00 2011999 0.00 0
197 Retail AZ 20070101 N 2,215,440 8.866 17,887.50 0.00 2011999 0.00 0
198 Hotel NC 20191101 N 2,179,240 9.250 19,711.28 0.00 1011999 0.00 B
199 Retail MI 20070401 N 2,195,114 8.920 17,771.13 0.00 2011999 0.00 0
200 Multifamily TX 20070201 N 2,158,075 8.750 17,646.50 0.00 2011999 0.00 0
201 Multifamily TN 20061101 N 2,136,550 8.580 16,847.34 0.00 2011999 0.00 0
202 Retail CA 20070401 N 2,104,279 8.995 18,035.36 0.00 2011999 0.00 0
203 Multifamily TX 20040201 N 2,115,723 8.450 16,455.51 0.00 2011999 0.00 0
204 Industrial TX 20040201 N 2,099,620 8.980 18,013.29 0.00 1011999 0.00 B
205 Hotel MI 20040201 N 2,095,603 9.750 19,070.34 0.00 1011999 0.00 B
206 Retail VA 20070101 N 2,092,859 8.875 17,775.98 0.00 2011999 0.00 0
207 Multifamily TX 20070401 N 2,062,768 9.160 17,853.78 0.00 2011999 0.00 0
208 Retail GA 20111201 N 1,938,029 8.740 20,976.02 0.00 2011999 0.00 0
209 Retail IN 20070401 N 2,025,142 8.875 17,194.52 0.00 2011999 0.00 0
210 Retail CO 20031101 N 2,019,837 9.000 17,413.32 0.00 2011999 0.00 0
211 Multifamily AZ 20220201 N 1,969,039 8.600 15,520.23 0.00 2011999 0.00 0
212 Retail FL 20070301 N 1,921,650 8.875 16,280.80 0.00 12011998 0.00 1
213 Retail GA 20070101 N 1,832,696 8.750 15,415.19 0.00 2011999 0.00 0
214 Retail GA 20070101 N 1,803,016 8.750 15,209.66 0.00 2011999 0.00 0
215 Multifamily MA 20070201 N 1,756,888 8.840 14,908.81 0.00 2011999 0.00 0
216 Hotel OK 20170401 N 1,694,468 10.000 16,887.88 0.00 2011999 0.00 0
217 Industrial AZ 20120201 N 1,687,203 9.750 16,599.04 0.00 2011999 0.00 0
218 Multifamily WI 20220301 N 1,691,354 9.620 14,545.55 0.00 2011999 0.00 0
219 Office NY 20070301 N 1,662,829 9.125 14,412.14 0.00 2011999 0.00 0
220 Industrial MA 20070201 N 16,989,713 8.940 145,305.92 0.00 2011999 0.00 0
221 Multifamily GA 20070201 N 1,648,230 8.790 13,931.94 0.00 2011999 0.00 0
222 Retail MA 20070401 N 1,615,270 9.060 13,914.60 0.00 2011999 0.00 0
223 Multifamily GA 20031201 N 1,608,736 9.125 13,988.25 0.00 2011999 0.00 0
224 Multifamily WI 20211101 N 1,595,073 9.285 13,368.45 0.00 2011999 0.00 0
225 Retail TX 20070101 N 1,589,358 8.700 12,648.00 0.00 2011999 0.00 0
226 Retail PA 20070401 N 1,579,477 9.072 12,956.94 0.00 2011999 0.00 0
227 Multifamily TX 20070401 N 1,582,688 8.750 12,587.21 0.00 2011999 0.00 0
228 Industrial OK 20120401 N 1,498,452 8.900 16,133.22 0.00 2011999 0.00 0
229 Multifamily FL 20070101 N 1,516,527 8.600 12,642.48 0.00 2011999 0.00 0
230 Multifamily TX 20040201 N 1,500,687 8.450 11,671.93 0.00 2011999 0.00 0
232 Multifamily TX 20070401 N 1,448,849 9.160 12,540.16 0.00 2011999 0.00 0
233 Multifamily TX 20041015 N 1,394,909 9.400 11,819.99 0.00 2011999 0.00 0
234 Retail TX 20070401 N 1,396,704 9.220 11,569.08 0.00 2011999 0.00 0
235 Office AZ 20070401 N 1,379,565 9.250 12,023.60 0.00 2011999 0.00 0
236 Multifamily TX 20070101 N 1,376,114 8.330 10,596.57 0.00 2011999 0.00 0
237 Retail TX 20070401 N 1,370,571 9.220 11,917.66 0.00 2011999 0.00 0
238 Multifamily TX 20040201 N 1,367,840 8.450 10,638.68 0.00 2011999 0.00 0
239 Multifamily TN 20061201 N 1,337,302 8.205 10,815.58 0.00 2011999 0.00 0
240 Retail CT 20061101 N 1,329,411 9.125 11,572.10 0.00 2011999 0.00 0
241 Hotel TN 20070101 N 1,311,682 9.375 11,940.75 0.00 2011999 0.00 0
242 Industrial WY 20070101 N 1,291,297 8.740 10,884.40 0.00 2011999 0.00 0
243 Multifamily MD 20070101 N 1,272,341 8.375 10,089.41 0.00 2011999 0.00 0
244 Multifamily FL 20070101 N 1,254,520 8.600 10,458.27 0.00 2011999 0.00 0
245 Multifamily GA 20070401 N 1,238,052 8.537 10,233.85 0.00 2011999 0.00 0
246 Multifamily GA 20061001 N 1,225,931 9.150 10,703.60 0.00 2011999 0.00 0
247 Office GA 20061101 N 1,218,501 9.343 10,785.10 0.00 2011999 0.00 0
248 Multifamily IN 20061201 N 1,170,261 8.205 9,464.62 0.00 2011999 0.00 0
249 Retail TX 20070301 N 1,172,987 8.940 10,021.10 0.00 2011999 0.00 0
250 Multifamily TX 20061101 N 1,180,732 9.070 9,715.97 0.00 2011999 0.00 0
251 Multifamily TX 20010901 N 1,164,661 8.850 9,947.38 0.00 2011999 0.00 0
252 Multifamily TN 20061101 N 1,157,368 8.800 9,823.97 0.00 2011999 0.00 0
253 Retail NY 20070101 N 1,121,944 9.010 9,659.00 0.00 2011999 0.00 0
254 Multifamily NY 20060901 N 1,053,526 8.980 8,614.15 0.00 2011999 0.00 0
255 Multifamily NY 20070101 N 1,027,777 9.125 8,927.05 0.00 2011999 0.00 0
256 Retail GA 20070101 N 1,027,897 8.710 8,430.77 0.00 2011999 0.00 0
257 Multifamily FL 20070101 N 996,408 8.600 8,306.53 0.00 2011999 0.00 0
258 Multifamily MD 20070101 N 1,004,636 8.650 7,959.40 0.00 2011999 0.00 0
259 Health Care OH 20061101 N 975,309 10.125 9,879.18 0.00 2011999 0.00 0
261 Multifamily OH 20220401 N 962,313 9.000 7,845.07 0.00 1011999 241581.05 B
262 Multifamily TX 20070301 N 945,255 9.000 7,884.76 0.00 1011999 0.00 B
263 Retail AZ 20070301 N 924,337 9.125 8,011.45 0.00 2011999 0.00 0
264 Retail GA 20070101 N 917,765 8.710 7,527.47 0.00 2011999 0.00 0
265 Multifamily IN 20070301 N 900,451 8.700 7,548.87 0.00 2011999 0.00 0
266 Office AZ 20031101 N 887,531 9.075 7,306.43 0.00 2011999 0.00 0
267 Industrial NH 20040101 N 877,072 8.730 7,387.07 0.00 2011999 0.00 0
268 Multifamily NC 20061001 N 874,898 8.950 7,521.98 0.00 2011999 0.00 0
269 Multifamily TX 20070301 N 845,031 9.000 7,048.75 0.00 2011999 0.00 0
270 Self Storag AL 20070101 N 840,582 9.500 7,513.79 0.00 2011999 0.00 0
271 Self Storag AL 20070101 N 840,582 9.500 7,513.79 0.00 2011999 0.00 0
272 Retail GA 20070101 N 832,107 8.710 6,824.91 0.00 2011999 0.00 0
273 Multifamily FL 20070101 N 826,885 8.650 6,711.05 0.00 2011999 0.00 0
274 Multifamily OH 20061001 N 779,000 9.340 6,900.80 0.00 2011999 0.00 0
275 Multifamily OH 20061001 N - 9.340 6,900.00 779,000.38 2011999 0.00 0
276 Multifamily FL 20070301 N 776,403 8.670 6,300.63 0.00 2011999 0.00 0
277 Multifamily NY 20070101 N 607,101 9.125 5,273.15 0.00 2011999 0.00 0
278 Multifamily MN 20270101 N 590,627 8.780 4,733.06 0.00 2011999 0.00 0
279 Multifamily NY 20070101 N 555,371 9.125 4,823.83 0.00 2011999 0.00 0
280 Multifamily NY 20070101 N 532,922 9.125 4,628.84 0.00 2011999 0.00 0
281 Multifamily NC 20061001 N 434,724 9.050 3,766.53 0.00 2011999 0.00 0
282 Multifamily NY 20070101 N 418,724 9.125 3,636.95 0.00 2011999 0.00 0
283 Self Storag AL 20070101 N 390,968 9.500 3,494.79 0.00 2011999 0.00 0
284 Multifamily UT 20060801 N 389,064 9.330 3,447.63 0.00 2011999 0.00 0
231a Retail MO 20070301 N 1,370,047 8.820 15,852.37 0.00 2011999 0.00 0
totals 1,280,391,561 10,529,665 779,000 241581.05
</TABLE>
<TABLE>
Delinquency/Prepayment Reporting History: Rolling 24 months
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>
299 1 1,924,803.88 0 -0 -0 -0 -0 -1 779,000.38
199 0 -0 -0 -0 -0 -0 -1 974,098.51
1298 0 -0 -0 -0 -0 -0 -0 -
1198 2 4,041,253.45 0 -0 -0 -0 -0 -0 -
1098 0 -0 -0 -0 -0 -0 -0 -
998 0 -0 -0 -0 -0 -0 -0 -
898 0 -0 -0 -0 -0 -0 -0 -
798 1 2,117,424.33 0 -0 -0 -0 -0 -0 -
698 0 -0 -0 -0 -0 -0 -0 -
598 0 -0 -0 -0 -0 -0 -0 -
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>
<TABLE>
Delinquency Loan Detail
Offer Paid Thru Current Outstand Adv Loan Spec Ser Foreclose Bankrupt REO
Control# Period Date P&I Adv P&I Adv Desc(1) Status (Trans Date Date Date Date
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
201 2181999 12011998 16,131.63 16,131.63 1 n/a n/a n/a n/a n/a
No delinquent loans for 1/18/99
No delinquent loans for 12/18/98
204 11181998 9011998 18,013.29 34,690.40 1 n/a n/a n/a n/a n/a
212 11181998 9011998 16,280.80 32,136.61 1 n/a n/a n/a n/a n/a
No delinquent loans for 10/18/98
No delinquent loans for 9/18/98
No delinquent loans for 8/18/98
204 7181998 5011998 17,771.13 35,567.57 1 n/a n/a n/a n/a n/a
No delinquent loans for 6/18/98
No delinquent loans for 5/18/98
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
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
Specially Serviced Loan Summary
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 278
Current Outstanding Principal Balance 1,280,391,196.08
Current Number of Specially Serviced Loans 2
Current Outstanding Principal Balance of Specially Serviced Loans 4021270.00
Percent of Specially Serviced Loans (per Current Number of Loans) 0.71942%
Percent of Specially Serviced Loans (per Current Outstanding Principal Balance) 0.31407%
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
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>
Specially Serviced Loan Detail
Offer Transfer Sched Maturity Prop
Control# Date Prin Bal Date Type State NOI NOI Date DSCR
204 7/21/98 2099620 2/1/04 Industrial TX
212 11/16/98 1921650 3/1/07 Retail FL
Legend
1 = Request for waiver of Prepayment Penalty 4 = Loans with Borrower Bankruptcy
2 = Payment Default 5 = Loans in Process of Foreclosur
3 = Request for Loan Modification or Workout 6 = Loans now REO Property
7 = Loan Paid Off
8 = Loans Returned to Master Servicer
SERVICER WATCH LIST
AS OF
2/5/99
<TABLE>
Scheduled Paid Most
PrspctsProp Prop Loan Thru Maturity Recent
ID Name Type City State Balance Date Date DSCR
<S> <C> <C> <C> <C> <C> <C> <C> <C>
8 Parkview Court A Multifa Yeadon PA 18,748,303 19990101 04012012 1.02
12 Larchdale Woods Multifa Laurel MD 13,786,676 19990101 03012007 1.02
29 Hillcrest Shoppi Retailt CresthHill IL 8,368,643 19990101 12012006 1.14
38 Valu Food Shoppi Retailt SevernarPark MD 7,594,011 19981201 04012007 1.29
44 Hayden Plaza Retail Tempehored AZ 7,009,120 19990101 04012004 1.29
52 SMC-Meterie-408 Retail Metairieed LA 6,123,423 19990101 02012012 0.27
73 McDowell Marketp Retail Phoenixred AZ 5,527,460 19990101 04012012 0.89
75 Woodbridge Plaza Retail Woodbridge NJ 5,407,661 19990101 04012007 1.09
83 The Crossroads A Multifa Lubbock TX 5,110,413 19990101 12012003 1.03
91 Ramada Inn - Eas Hospita East Windsor NJ 4,848,526 19990101 02012007 1.79
93 Broadmoor Apartm Multifa Meridian MS 4,802,690 19990101 03012004 0.90
105 SMC-Houston-410 Retail Houstonred TX 4,087,824 19990101 01012012 -0.52
123 Sunset Foothills Multifa Tucson AZ 3,704,491 19990101 01012004 -0.18
130 SMC-Duluth-249 Retail Duluthored GA 3,438,199 19990101 12012011 -0.25
132 Holiday Inn Nort Hospita Wilmington DE 3,515,548 19990101 04012007 2.08
142 Crestview Holida Hospita Crestview FL 3,390,725 19990101 02012007 0.81
150 College Main Apa Multifa Bryan TX 3,256,195 19990101 03012012 0.96
154 Falcon Crest Apa Multifa Dallas TX 3,198,712 19990101 03012004 0.93
159 Canyon Place Multifa St.yGeorgetio UT 423,101,698 19990101 11012026 0.51
166 Whispering Water Industr PompanoaBeach FL 3,010,976 19990101 04012004 0.87
175 Snowden Square S Retail3 Columbiaed MD 2,665,939 19990101 11012011 -0.50
186 Valley View Multifa SiOgdenSectio UT 422,472,510 19990101 11012026 0.92
192 Rose Lane Multifa Layton Sectio UT 422,236,565 19990101 11012026 0.94
195 Maple Ridge SC - Retail Buffalored NY 2,111,498 19990101 11012011 -1.60
204 1000 West Crosby Industr Carrollton TX 2,101,904 19981201 02012004 0.97
206 Potomac Festival Retail Woodbridge VA 2,094,627 19990101 01012007 1.25
207 Weatheredge Multifa Houston TX 2,064,339 19990101 04012007 1.11
208 SMC-Tucker-252 Retail Tuckerored GA 1,944,840 19990101 12012011 -1.91
212 Village Square W Retail Tampanchored FL 1,923,233 19981201 03012007 1.95
242 Cheesbrough Indu Industr Cheyenne WY 1,292,766 19990101 01012007 1.64
261 Creekbend Multifa Columbusectio OH 42962,936 19981201 04012022 0.69
278 Lincoln Square Multifa ChisolmSectio MN 42591,035 19990101 01012027 0.05
282 2530-32 Bathgate Multifa Bronx NY 419,174 19990101 01012007 0.54
Total 140,912,661
</TABLE>
