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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report: March 22, 1999
- -------------------------------
(Date of earliest event reported)
Asset Securitization Corporation
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-53859 13-3672337
- --------------------------------------------------------------------------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
Two World Financial Center, Building B, New York, New York 10281
- --------------------------------------------------------------------------------
Address of Principal Executive Office
Registrant's telephone number, including area code: (212) 667-9300
<PAGE>
ITEM 5. OTHER EVENTS.
Attached as Exhibit 99.1 to this Current Report are certain materials
(the "Computational Materials") furnished to the Registrant by Nomura Securities
International, Inc. (the "Underwriter"), one of the underwriters in respect of
the Registrant's Commercial Mortgage Asset Trust, Commercial Mortgage
Pass-Through Certificates, Series 1999-C1 (the "Certificates"). The Certificates
are being offered pursuant to a Prospectus and related Prospectus Supplement
(together, the "Prospectus"), which will be filed with the Commission pursuant
to Rule 424(b)(5) under the Securities Act of 1933, as amended (the "Act"). The
Certificates have been registered pursuant to the Act under a Registration
Statement on Form S-3 (No. 333-53859) (the "Registration Statement"). The
Registrant hereby incorporates the Computational Materials by reference in the
Registration Statement.
The Computational Materials were prepared solely by the Underwriter,
and the Registrant did not prepare or participate in the preparation of the
Computational Materials.
Any statement or information contained in the Computational Materials
shall be deemed to be modified or superseded for purposes of the Prospectus and
the Registration Statement by statements or information contained in the
Prospectus.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
Exhibit No. Description
----------- -----------
99.1 Computational Materials
<PAGE>
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on behalf of the Registrant
by the undersigned thereunto duly authorized.
ASSET SECURITIZATION CORPORATION
By: /s/ Marlyn Marincas
-----------------------------
Name: Marlyn Marincas
Title:
Date: March 22, 1999
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Paper (P) or Electronic (E)
- ----------- ----------- ---------------------------
99.1 Computational Materials E
(NOMURA)
- --------------------------------------------------------------------------------
(NOMURA) NOMURA Securities International, Inc.
3-18-99 ------------------------------------------------------------
ADDITIONAL INFORMATION IS AVAILABLE UPON REQUEST. The
information contained herein is based on sources Nomura
___S-24 Securities International, Inc. ("Nomura") believes to be
reliable. Nomura makes no representations or warranty such
___S-8 information is accurate or complete. Nothing herein should
be considered an offer to sell or solicitation of an offer
to buy any securities. All information is hypothetical or
preliminary and subject to change. No such information
should be viewed as projections, forecast, predictions or
opinions. The same may be based on assumptions which may or
may not be accurate, and any such assumption may differ from
actual results. Prospective investors are advised to consult
the final prospectus, prospectus supplement, or private
placement memorandum in connection with their investments.
Nomura and its affiliates may have a position in the
securities discussed herein and may purchase or sell the
same on a principal basis, or as agent for another person.
In addition, Nomura and certain of its affiliates may have
acted as an underwriter of such securities, and may
currently be providing investment banking or other services
to the issuers of such securities and/or borrowers and their
affiliates. Copyrights 1995. Nomura Securities
International, Inc.
Form No. 124
- --------------------------------------------------------------------------------
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A1--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AA6 Face $350,000,000.00 Settle at Pricing
Coupon 6.235 Original Balance $350,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $350,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
99-08 6.470 6.485 6.497 6.512 6.527 6.541
99-13 6.433 6.444 6.454 6.464 6.476 6.486
99-18 6.395 6.403 6.410 6.417 6.425 6.432
99-23 6.358 6.363 6.366 6.370 6.374 6.378
99-28 6.321 6.322 6.322 6.323 6.323 6.324
100-01 6.285 6.281 6.279 6.276 6.273 6.270
100-06 6.248 6.241 6.235 6.229 6.222 6.216
100-11 6.211 6.201 6.192 6.182 6.172 6.162
100-16 6.175 6.160 6.149 6.136 6.121 6.109
100-21 6.138 6.120 6.106 6.089 6.071 6.055
100-26 6.102 6.080 6.063 6.043 6.021 6.002
100-31 6.065 6.040 6.020 5.996 5.971 5.949
101-04 6.029 6.000 5.977 5.950 5.921 5.896
101-09 5.993 5.960 5.934 5.904 5.871 5.843
101-14 5.956 5.921 5.891 5.858 5.821 5.790
101-19 5.920 5.881 5.849 5.812 5.772 5.737
101-24 5.884 5.841 5.806 5.766 5.722 5.684
WAL 5.21 4.66 4.29 3.93 3.59 3.34
Mod Durn 4.240 3.857 3.590 3.328 3.084 2.898
Principal Window Apr99 to Aug06 Apr99 to Jul05 Apr99 to Jul05 Apr99 to Jul05 Apr99 to Feb05 Apr99 to Jul04
Maturity #mos 89 76 76 76 71 64
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A2--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AB4 Face $100,000,000.00 Settle at Pricing
Coupon 6.565 Original Balance $100,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $100,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.677 6.681 6.683 6.683 6.684 6.685
99-29 6.653 6.653 6.652 6.652 6.652 6.652
100-02 6.628 6.624 6.622 6.621 6.621 6.619
100-07 6.604 6.596 6.591 6.590 6.589 6.586
100-12 6.580 6.568 6.560 6.559 6.558 6.553
100-17 6.555 6.540 6.530 6.528 6.527 6.521
100-22 6.531 6.511 6.499 6.497 6.496 6.488
100-27 6.507 6.483 6.469 6.467 6.465 6.455
101-00 6.483 6.455 6.439 6.436 6.434 6.423
101-05 6.458 6.427 6.408 6.405 6.403 6.390
101-10 6.434 6.400 6.378 6.374 6.372 6.358
101-15 6.410 6.372 6.348 6.344 6.341 6.326
101-20 6.386 6.344 6.318 6.313 6.310 6.293
101-25 6.362 6.316 6.288 6.283 6.279 6.261
101-30 6.338 6.289 6.258 6.252 6.249 6.229
102-03 6.314 6.261 6.228 6.222 6.218 6.197
102-08 6.291 6.233 6.198 6.192 6.187 6.165
WAL 8.60 7.11 6.42 6.31 6.24 5.89
Mod Durn 6.383 5.517 5.089 5.022 4.976 4.745
Principal Window Aug06 to Jul08 Jul05 to May07 Jul05 to Mar06 Jul05 to Jul05 Feb05 to Jul05 Jul04 to Jul05
Maturity #mos 112 98 84 76 76 76
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A3--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AC2 Face $800,000,000.00 Settle at Pricing
Coupon 6.62 Original Balance $800,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $800,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.732 6.732 6.733 6.733 6.734 6.734
99-29 6.710 6.710 6.709 6.709 6.709 6.709
100-02 6.687 6.687 6.686 6.686 6.685 6.685
100-07 6.665 6.664 6.663 6.662 6.661 6.660
100-12 6.643 6.642 6.640 6.639 6.637 6.635
100-17 6.621 6.619 6.617 6.615 6.613 6.611
100-22 6.599 6.597 6.595 6.592 6.589 6.586
100-27 6.577 6.574 6.572 6.568 6.565 6.562
101-00 6.555 6.552 6.549 6.545 6.541 6.538
101-05 6.533 6.530 6.526 6.522 6.517 6.513
101-10 6.511 6.507 6.503 6.499 6.494 6.489
101-15 6.490 6.485 6.481 6.475 6.470 6.465
101-20 6.468 6.463 6.458 6.452 6.446 6.440
101-25 6.446 6.441 6.436 6.429 6.423 6.416
101-30 6.425 6.419 6.413 6.406 6.399 6.392
102-03 6.403 6.397 6.391 6.383 6.375 6.368
102-08 6.381 6.375 6.368 6.360 6.352 6.344
WAL 9.87 9.60 9.36 9.08 8.82 8.57
Mod Durn 7.045 6.905 6.776 6.617 6.470 6.331
Principal Window Jul08 to Sep10 May07 to Feb10 Mar06 to Feb10 Jul05 to Jun09 Jul05 to Mar09 Jul05 to Mar09
Maturity #mos 138 131 131 123 120 120
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A4--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AD0 Face $448,115,000.00 Settle at Pricing
Coupon 6.95 Original Balance $448,115,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $448,115,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 7.067 7.067 7.068 7.068 7.068 7.068
99-29 7.049 7.049 7.049 7.049 7.049 7.049
100-02 7.031 7.030 7.030 7.030 7.029 7.029
100-07 7.012 7.011 7.011 7.011 7.010 7.010
100-12 6.994 6.993 6.992 6.992 6.991 6.990
100-17 6.976 6.974 6.973 6.973 6.972 6.971
100-22 6.958 6.956 6.955 6.954 6.953 6.951
100-27 6.940 6.937 6.936 6.935 6.933 6.932
101-00 6.922 6.919 6.917 6.916 6.914 6.913
101-05 6.904 6.901 6.899 6.897 6.895 6.894
101-10 6.886 6.882 6.880 6.878 6.876 6.874
101-15 6.868 6.864 6.862 6.860 6.857 6.855
101-20 6.850 6.846 6.843 6.841 6.839 6.836
101-25 6.832 6.827 6.825 6.822 6.820 6.817
101-30 6.814 6.809 6.807 6.804 6.801 6.798
102-03 6.796 6.791 6.788 6.785 6.782 6.779
102-08 6.779 6.773 6.770 6.767 6.763 6.760
WAL 13.64 13.18 12.96 12.75 12.52 12.32
Mod Durn 8.562 8.380 8.291 8.201 8.105 8.016
Principal Window Sep10 to Apr13 Feb10 to Mar13 Feb10 to Mar13 Jun09 to Mar13 Mar09 to Mar13 Mar09 to Mar13
Maturity #mos 169 168 168 168 168 168
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class B--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AE8 Face $106,875,000.00 Settle at Pricing
Coupon 7.155 Original Balance $106,875,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $106,875,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 7.278 7.278 7.278 7.278 7.278 7.278
99-29 7.260 7.259 7.259 7.259 7.259 7.259
100-02 7.241 7.241 7.241 7.241 7.241 7.241
100-07 7.223 7.223 7.223 7.223 7.223 7.223
100-12 7.206 7.205 7.205 7.205 7.205 7.205
100-17 7.188 7.187 7.187 7.187 7.187 7.187
100-22 7.170 7.169 7.169 7.169 7.169 7.169
100-27 7.152 7.151 7.151 7.151 7.151 7.151
101-00 7.134 7.133 7.133 7.133 7.133 7.133
101-05 7.116 7.115 7.115 7.115 7.115 7.115
101-10 7.099 7.097 7.097 7.097 7.097 7.097
101-15 7.081 7.079 7.079 7.079 7.079 7.080
101-20 7.063 7.062 7.062 7.062 7.062 7.062
101-25 7.046 7.044 7.044 7.044 7.044 7.044
101-30 7.028 7.026 7.026 7.026 7.026 7.026
102-03 7.010 7.008 7.008 7.008 7.009 7.009
102-08 6.993 6.991 6.991 6.991 6.991 6.991
WAL 14.22 14.04 14.04 14.04 14.04 14.05
Mod Durn 8.670 8.605 8.605 8.606 8.607 8.610
Principal Window Apr13 to Jul13 Mar13 to Apr13 Mar13 to Apr13 Mar13 to Apr13 Mar13 to Apr13 Mar13 to May13
Maturity #mos 172 169 169 169 169 170
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class C--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AF5 Face $130,624,000.00 Settle at Pricing
Coupon 7.35 Original Balance $130,624,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $130,624,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
99-09 7.533 7.534 7.534 7.534 7.534 7.534
99-14 7.515 7.515 7.515 7.515 7.515 7.515
99-19 7.497 7.497 7.497 7.497 7.497 7.497
99-24 7.478 7.478 7.478 7.478 7.478 7.478
99-29 7.460 7.460 7.460 7.460 7.460 7.460
100-02 7.442 7.442 7.442 7.442 7.442 7.442
100-07 7.424 7.423 7.423 7.423 7.424 7.424
100-12 7.406 7.405 7.405 7.405 7.405 7.405
100-17 7.388 7.387 7.387 7.387 7.387 7.387
100-22 7.370 7.369 7.369 7.369 7.369 7.369
100-27 7.352 7.351 7.351 7.351 7.351 7.351
101-00 7.334 7.332 7.333 7.333 7.333 7.333
101-05 7.316 7.314 7.314 7.315 7.315 7.315
101-10 7.298 7.296 7.296 7.297 7.297 7.297
101-15 7.280 7.278 7.278 7.279 7.279 7.279
101-20 7.262 7.260 7.261 7.261 7.261 7.261
101-25 7.245 7.242 7.243 7.243 7.243 7.243
WAL 14.36 14.11 14.13 14.15 14.18 14.22
Mod Durn 8.598 8.512 8.517 8.526 8.536 8.548
Principal Window Jul13 to Aug13 Apr13 to May13 Apr13 to Jun13 Apr13 to Jun13 Apr13 to Jul13 May13 to Aug13
Maturity #mos 173 170 171 171 172 173
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class D--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 210130AG3 Face $136,562,000.00 Settle at Pricing
Coupon 7.35 Original Balance $136,562,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $136,562,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
93-05 8.281 8.289 8.286 8.284 8.280 7.974
93-13 8.249 8.256 8.254 8.252 8.248 7.943
93-21 8.218 8.224 8.222 8.220 8.216 7.912
93-29 8.186 8.192 8.191 8.188 8.185 7.881
94-05 8.154 8.161 8.159 8.157 8.153 7.851
94-13 8.123 8.129 8.127 8.125 8.122 7.820
94-21 8.092 8.097 8.096 8.094 8.091 7.790
94-29 8.060 8.066 8.064 8.063 8.060 7.759
95-05 8.029 8.035 8.033 8.031 8.029 7.729
95-13 7.998 8.003 8.002 8.000 7.998 7.699
95-21 7.968 7.972 7.971 7.969 7.967 7.669
95-29 7.937 7.941 7.940 7.939 7.936 7.639
96-05 7.906 7.910 7.909 7.908 7.906 7.609
96-13 7.876 7.880 7.878 7.877 7.875 7.580
96-21 7.845 7.849 7.848 7.847 7.845 7.550
96-29 7.815 7.818 7.817 7.816 7.815 7.521
97-05 7.785 7.788 7.787 7.786 7.784 7.491
WAL 14.48 14.24 14.31 14.38 14.51 15.48
Mod Durn 8.448 8.373 8.394 8.418 8.460 8.683
Principal Window Aug13 to Oct13 May13 to Jul13 Jun13 to Sep13 Jun13 to Oct13 Jul13 to Oct14 Aug13 to Jun20
Maturity #mos 175 172 174 175 187 255
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class E--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AH1 Face $35,625,000.00 Settle at Pricing
Coupon 7.35 Original Balance $35,625,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $35,625,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12, 100 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
85-16 9.315 9.326 9.321 9.311 9.149 0.642
85-24 9.279 9.290 9.285 9.275 9.116 0.594
86-00 9.243 9.254 9.249 9.239 9.083 0.546
86-08 9.208 9.218 9.213 9.204 9.051 0.498
86-16 9.172 9.183 9.177 9.168 9.018 0.450
86-24 9.137 9.147 9.142 9.133 8.986 0.403
87-00 9.102 9.112 9.107 9.098 8.954 0.355
87-08 9.067 9.077 9.072 9.063 8.922 0.308
87-16 9.032 9.041 9.037 9.028 8.890 0.261
87-24 8.997 9.006 9.002 8.993 8.858 0.214
88-00 8.962 8.972 8.967 8.959 8.826 0.168
88-08 8.928 8.937 8.932 8.925 8.795 0.121
88-16 8.894 8.902 8.898 8.890 8.764 0.075
88-24 8.859 8.868 8.864 8.856 8.732 0.029
89-00 8.825 8.834 8.830 8.822 8.701 -0.017
89-08 8.791 8.800 8.796 8.788 8.670 -0.062
89-16 8.758 8.766 8.762 8.755 8.640 -0.108
WAL 14.56 14.40 14.48 14.62 17.64 12.11
Mod Durn 8.179 8.131 8.155 8.197 8.953 6.076
Principal Window Oct13 to Oct13 Jul13 to Sep13 Sep13 to Sep13 Oct13 to Dec13 Oct14 to Dec18 Apr99 to Nov12
Maturity #mos 175 174 174 177 237 164
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A1--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AA6 Face $350,000,000.00 Settle at Pricing
Coupon 6.235 Original Balance $350,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $350,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
99-08 6.470 6.482 6.496 6.511 6.527 6.541
99-13 6.433 6.442 6.452 6.464 6.476 6.486
99-18 6.395 6.402 6.409 6.417 6.425 6.432
99-23 6.358 6.362 6.366 6.370 6.374 6.378
99-28 6.321 6.322 6.322 6.323 6.323 6.324
100-01 6.285 6.282 6.279 6.276 6.273 6.270
100-06 6.248 6.242 6.236 6.229 6.222 6.216
100-11 6.211 6.202 6.193 6.182 6.172 6.162
100-16 6.175 6.163 6.150 6.136 6.121 6.109
100-21 6.138 6.123 6.108 6.089 6.071 6.055
100-26 6.102 6.084 6.065 6.043 6.021 6.002
100-31 6.065 6.044 6.022 5.997 5.971 5.949
101-04 6.029 6.005 5.980 5.951 5.921 5.896
101-09 5.993 5.966 5.937 5.905 5.871 5.843
101-14 5.956 5.927 5.895 5.859 5.821 5.790
101-19 5.920 5.888 5.853 5.813 5.772 5.737
101-24 5.884 5.849 5.811 5.767 5.722 5.684
WAL 5.21 4.75 4.34 3.94 3.59 3.34
Mod Durn 4.240 3.917 3.623 3.334 3.084 2.898
Principal Window Apr99 to Aug06 Apr99 to Oct05 Apr99 to Oct05 Apr99 to Oct05 Apr99 to Feb05 Apr99 to Jul04
Maturity #mos 89 79 79 79 71 64
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A2--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AB4 Face $100,000,000.00 Settle at Pricing
Coupon 6.565 Original Balance $100,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $100,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.677 6.681 6.682 6.683 6.683 6.685
99-29 6.653 6.653 6.652 6.652 6.652 6.652
100-02 6.628 6.624 6.622 6.622 6.621 6.619
100-07 6.604 6.596 6.592 6.592 6.591 6.586
100-12 6.580 6.568 6.562 6.562 6.560 6.554
100-17 6.555 6.540 6.533 6.532 6.529 6.521
100-22 6.531 6.512 6.503 6.502 6.499 6.488
100-27 6.507 6.484 6.473 6.472 6.468 6.456
101-00 6.483 6.457 6.443 6.443 6.438 6.423
101-05 6.458 6.429 6.414 6.413 6.407 6.391
101-10 6.434 6.401 6.384 6.383 6.377 6.359
101-15 6.410 6.373 6.355 6.353 6.347 6.326
101-20 6.386 6.346 6.325 6.324 6.316 6.294
101-25 6.362 6.318 6.296 6.294 6.286 6.262
101-30 6.338 6.291 6.267 6.265 6.256 6.230
102-03 6.314 6.263 6.237 6.235 6.226 6.198
102-08 6.291 6.236 6.208 6.206 6.196 6.166
WAL 8.60 7.16 6.60 6.56 6.38 5.90
Mod Durn 6.383 5.550 5.205 5.182 5.067 4.753
Principal Window Aug06 to Jul08 Oct05 to May07 Oct05 to Mar06 Oct05 to Oct05 Feb05 to Oct05 Jul04 to Sep05
Maturity #mos 112 98 84 79 79 78
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A3--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AC2 Face $800,000,000.00 Settle at Pricing
Coupon 6.62 Original Balance $800,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $800,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.732 6.732 6.732 6.733 6.733 6.734
99-29 6.710 6.710 6.710 6.709 6.709 6.709
100-02 6.687 6.687 6.687 6.686 6.685 6.685
100-07 6.665 6.665 6.664 6.663 6.662 6.661
100-12 6.643 6.642 6.641 6.639 6.638 6.636
100-17 6.621 6.620 6.618 6.616 6.614 6.612
100-22 6.599 6.598 6.596 6.593 6.590 6.588
100-27 6.577 6.576 6.573 6.570 6.567 6.563
101-00 6.555 6.553 6.550 6.546 6.543 6.539
101-05 6.533 6.531 6.528 6.523 6.519 6.515
101-10 6.511 6.509 6.505 6.500 6.496 6.491
101-15 6.490 6.487 6.483 6.477 6.472 6.467
101-20 6.468 6.465 6.460 6.454 6.449 6.443
101-25 6.446 6.443 6.438 6.431 6.425 6.419
101-30 6.425 6.421 6.416 6.409 6.402 6.396
102-03 6.403 6.399 6.393 6.386 6.379 6.372
102-08 6.381 6.378 6.371 6.363 6.355 6.348
WAL 9.87 9.72 9.47 9.18 8.93 8.70
Mod Durn 7.045 6.967 6.833 6.674 6.532 6.399
Principal Window Jul08 to Sep10 May07 to Feb10 Mar06 to Feb10 Oct05 to Jul09 Oct05 to Mar09 Sep05 to Mar09
Maturity #mos 138 131 131 124 120 120
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A4--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AD0 Face $448,115,000.00 Settle at Pricing
Coupon 6.95 Original Balance $448,115,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $448,115,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 7.067 7.067 7.067 7.068 7.068 7.068
99-29 7.049 7.049 7.049 7.049 7.049 7.049
100-02 7.031 7.030 7.030 7.030 7.029 7.029
100-07 7.012 7.012 7.011 7.011 7.010 7.010
100-12 6.994 6.993 6.993 6.992 6.991 6.991
100-17 6.976 6.975 6.974 6.973 6.972 6.971
100-22 6.958 6.957 6.956 6.954 6.953 6.952
100-27 6.940 6.938 6.937 6.936 6.934 6.933
101-00 6.922 6.920 6.919 6.917 6.915 6.914
101-05 6.904 6.902 6.900 6.898 6.896 6.895
101-10 6.886 6.884 6.882 6.880 6.878 6.876
101-15 6.868 6.866 6.863 6.861 6.859 6.857
101-20 6.850 6.847 6.845 6.843 6.840 6.838
101-25 6.832 6.829 6.827 6.824 6.821 6.819
101-30 6.814 6.811 6.809 6.806 6.803 6.800
102-03 6.796 6.793 6.790 6.787 6.784 6.781
102-08 6.779 6.775 6.772 6.769 6.765 6.762
WAL 13.64 13.38 13.14 12.91 12.67 12.45
Mod Durn 8.562 8.458 8.359 8.263 8.159 8.065
Principal Window Sep10 to Apr13 Feb10 to Apr13 Feb10 to Apr13 Jul09 to Apr13 Mar09 to Apr13 Mar09 to Apr13
Maturity #mos 169 169 169 169 169 169
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class B--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AE8 Face $106,875,000.00 Settle at Pricing
Coupon 7.155 Original Balance $106,875,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $106,875,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 7.278 7.278 7.278 7.278 7.278 7.278
99-29 7.260 7.260 7.260 7.260 7.260 7.260
100-02 7.241 7.241 7.241 7.241 7.241 7.242
100-07 7.223 7.223 7.223 7.223 7.223 7.224
100-12 7.206 7.206 7.206 7.206 7.206 7.206
100-17 7.188 7.188 7.188 7.188 7.188 7.188
100-22 7.170 7.170 7.170 7.170 7.170 7.170
100-27 7.152 7.152 7.152 7.152 7.152 7.152
101-00 7.134 7.134 7.134 7.134 7.134 7.134
101-05 7.116 7.116 7.116 7.116 7.116 7.116
101-10 7.099 7.099 7.099 7.099 7.099 7.099
101-15 7.081 7.081 7.081 7.081 7.081 7.081
101-20 7.063 7.063 7.063 7.063 7.063 7.063
101-25 7.046 7.046 7.046 7.046 7.046 7.046
101-30 7.028 7.028 7.028 7.028 7.028 7.028
102-03 7.010 7.010 7.010 7.010 7.011 7.011
102-08 6.993 6.993 6.993 6.993 6.993 6.993
WAL 14.22 14.22 14.22 14.23 14.24 14.26
Mod Durn 8.670 8.670 8.671 8.673 8.677 8.684
Principal Window Apr13 to Jul13 Apr13 to Jul13 Apr13 to Jul13 Apr13 to Jul13 Apr13 to Aug13 Apr13 to Aug13
Maturity #mos 172 172 172 172 173 173
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class C--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AF5 Face $130,624,000.00 Settle at Pricing
Coupon 7.35 Original Balance $130,624,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $130,624,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
99-09 7.533 7.533 7.533 7.533 7.533 7.533
99-14 7.515 7.515 7.515 7.515 7.515 7.515
99-19 7.497 7.497 7.496 7.496 7.496 7.496
99-24 7.478 7.478 7.478 7.478 7.478 7.478
99-29 7.460 7.460 7.460 7.460 7.460 7.460
100-02 7.442 7.442 7.442 7.442 7.442 7.442
100-07 7.424 7.424 7.424 7.424 7.424 7.424
100-12 7.406 7.406 7.406 7.406 7.406 7.406
100-17 7.388 7.388 7.388 7.388 7.388 7.388
100-22 7.370 7.370 7.370 7.370 7.370 7.370
100-27 7.352 7.352 7.352 7.352 7.352 7.352
101-00 7.334 7.334 7.334 7.334 7.334 7.334
101-05 7.316 7.316 7.316 7.316 7.316 7.317
101-10 7.298 7.298 7.298 7.298 7.299 7.299
101-15 7.280 7.280 7.280 7.281 7.281 7.281
101-20 7.262 7.263 7.263 7.263 7.263 7.263
101-25 7.245 7.245 7.245 7.245 7.245 7.246
WAL 14.36 14.38 14.40 14.42 14.45 14.48
Mod Durn 8.598 8.603 8.611 8.618 8.626 8.637
Principal Window Jul13 to Aug13 Jul13 to Sep13 Jul13 to Sep13 Jul13 to Sep13 Aug13 to Oct13 Aug13 to Nov13
Maturity #mos 173 174 174 174 175 176
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class D--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 210130AG3 Face $136,562,000.00 Settle at Pricing
Coupon 7.35 Original Balance $136,562,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $136,562,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
93-05 8.281 8.280 8.279 8.277 8.274 7.972
93-13 8.249 8.248 8.247 8.245 8.243 7.941
93-21 8.218 8.217 8.215 8.214 8.211 7.910
93-29 8.186 8.185 8.184 8.182 8.180 7.880
94-05 8.154 8.154 8.152 8.151 8.148 7.849
94-13 8.123 8.122 8.121 8.119 8.117 7.819
94-21 8.092 8.091 8.090 8.088 8.086 7.788
94-29 8.060 8.060 8.059 8.057 8.055 7.758
95-05 8.029 8.029 8.028 8.026 8.025 7.728
95-13 7.998 7.998 7.997 7.996 7.994 7.698
95-21 7.968 7.967 7.966 7.965 7.963 7.668
95-29 7.937 7.936 7.936 7.934 7.933 7.638
96-05 7.906 7.906 7.905 7.904 7.903 7.609
96-13 7.876 7.875 7.875 7.874 7.872 7.579
96-21 7.845 7.845 7.844 7.843 7.842 7.550
96-29 7.815 7.815 7.814 7.813 7.812 7.521
97-05 7.785 7.785 7.784 7.783 7.782 7.491
WAL 14.48 14.51 14.55 14.62 14.70 15.61
Mod Durn 8.448 8.458 8.471 8.492 8.520 8.724
Principal Window Aug13 to Oct13 Sep13 to Oct13 Sep13 to Nov13 Sep13 to Dec13 Oct13 to Oct14 Nov13 to Jun20
Maturity #mos 175 175 176 177 187 255
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class E--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AH1 Face $35,625,000.00 Settle at Pricing
Coupon 7.35 Original Balance $35,625,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $35,625,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12, 0 CPR; 0 * 12,
Price 0 CPR; CDR 1CDR 2CDR 3CDR 4CDR 5CDR
Yield
<S> <C> <C> <C> <C> <C> <C> <C>
85-16 9.315 9.310 9.304 9.302 9.147 0.642
85-24 9.279 9.275 9.269 9.266 9.114 0.594
86-00 9.243 9.239 9.233 9.230 9.082 0.546
86-08 9.208 9.203 9.198 9.195 9.049 0.498
86-16 9.172 9.168 9.162 9.160 9.017 0.450
86-24 9.137 9.133 9.127 9.125 8.984 0.403
87-00 9.102 9.098 9.092 9.090 8.952 0.355
87-08 9.067 9.063 9.057 9.055 8.920 0.308
87-16 9.032 9.028 9.023 9.020 8.888 0.261
87-24 8.997 8.993 8.988 8.986 8.857 0.214
88-00 8.962 8.959 8.954 8.952 8.825 0.168
88-08 8.928 8.924 8.919 8.917 8.794 0.121
88-16 8.894 8.890 8.885 8.883 8.762 0.075
88-24 8.859 8.856 8.851 8.849 8.731 0.029
89-00 8.825 8.822 8.817 8.815 8.700 -0.017
89-08 8.791 8.788 8.784 8.782 8.669 -0.062
89-16 8.758 8.754 8.750 8.748 8.638 -0.108
WAL 14.56 14.63 14.72 14.76 17.69 12.11
Mod Durn 8.179 8.199 8.225 8.237 8.962 6.076
Principal Window Oct13 to Oct13 Oct13 to Nov13 Nov13 to Dec13 Dec13 to Jan14 Oct14 to Jan19 Apr99 to Nov12
Maturity #mos 175 176 177 178 238 164
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
(NOMURA)
- --------------------------------------------------------------------------------
(NOMURA) NOMURA Securities International, Inc.
3-18-99 ------------------------------------------------------------
ADDITIONAL INFORMATION IS AVAILABLE UPON REQUEST. The
information contained herein is based on sources Nomura
___S-24 Securities International, Inc. ("Nomura") believes to be
reliable. Nomura makes no representations or warranty such
___S-8 information is accurate or complete. Nothing herein should
be considered an offer to sell or solicitation of an offer
to buy any securities. All information is hypothetical or
preliminary and subject to change. No such information
should be viewed as projections, forecast, predictions or
opinions. The same may be based on assumptions which may or
may not be accurate, and any such assumption may differ from
actual results. Prospective investors are advised to consult
the final prospectus, prospectus supplement, or private
placement memorandum in connection with their investments.
Nomura and its affiliates may have a position in the
securities discussed herein and may purchase or sell the
same on a principal basis, or as agent for another person.
In addition, Nomura and certain of its affiliates may have
acted as an underwriter of such securities, and may
currently be providing investment banking or other services
to the issuers of such securities and/or borrowers and their
affiliates. Copyrights 1995. Nomura Securities
International, Inc.
Form No. 124
- --------------------------------------------------------------------------------
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A1--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AA6 Face $350,000,000.00 Settle at Pricing
Coupon 6.235 Original Balance $350,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $350,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
Price 0CPR 25CPR 50CPR 75CPR 100CPR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-08 6.470 6.470 6.470 6.470 6.472
99-13 6.433 6.433 6.433 6.433 6.435
99-18 6.395 6.395 6.396 6.396 6.397
99-23 6.358 6.358 6.358 6.359 6.359
99-28 6.321 6.321 6.321 6.321 6.322
100-01 6.285 6.285 6.285 6.285 6.284
100-06 6.248 6.248 6.248 6.248 6.247
100-11 6.211 6.211 6.211 6.211 6.209
100-16 6.175 6.174 6.174 6.174 6.172
100-21 6.138 6.138 6.138 6.137 6.135
100-26 6.102 6.101 6.101 6.101 6.098
100-31 6.065 6.065 6.065 6.064 6.061
101-04 6.029 6.029 6.028 6.028 6.024
101-09 5.993 5.992 5.992 5.991 5.987
101-14 5.956 5.956 5.956 5.955 5.950
101-19 5.920 5.920 5.920 5.919 5.913
101-24 5.884 5.884 5.884 5.883 5.877
WAL 5.21 5.21 5.20 5.19 5.10
Mod Durn 4.240 4.237 4.232 4.225 4.167
Principal Window Apr99 to Aug06 Apr99 to Aug06 Apr99 to Aug06 Apr99 to Aug06 Apr99 to Aug06
Maturity #mos 89 89 89 89 89
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A2--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AB4 Face $100,000,000.00 Settle at Pricing
Coupon 6.565 Original Balance $100,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $100,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
Price 0CPR 25CPR 50CPR 75CPR 100CPR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 6.677 6.678 6.678 6.678 6.678
99-29 6.653 6.653 6.653 6.653 6.653
100-02 6.628 6.628 6.628 6.628 6.628
100-07 6.604 6.604 6.604 6.604 6.603
100-12 6.580 6.580 6.579 6.579 6.579
100-17 6.555 6.555 6.555 6.555 6.554
100-22 6.531 6.531 6.531 6.530 6.530
100-27 6.507 6.507 6.506 6.506 6.505
101-00 6.483 6.482 6.482 6.482 6.481
101-05 6.458 6.458 6.458 6.457 6.456
101-10 6.434 6.434 6.434 6.433 6.432
101-15 6.410 6.410 6.409 6.409 6.408
101-20 6.386 6.386 6.385 6.385 6.383
101-25 6.362 6.362 6.361 6.361 6.359
101-30 6.338 6.338 6.337 6.337 6.335
102-03 6.314 6.314 6.313 6.313 6.311
102-08 6.291 6.290 6.289 6.289 6.287
WAL 8.60 8.58 8.56 8.53 8.47
Mod Durn 6.383 6.373 6.361 6.348 6.316
Principal Window Aug06 to Jul08 Aug06 to Jul08 Aug06 to Jul08 Aug06 to Jun08 Aug06 to Apr08
Maturity #mos 112 112 112 111 109
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A3--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AC2 Face $800,000,000.00 Settle at Pricing
Coupon 6.62 Original Balance $800,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $800,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
Price 0CPR 25CPR 50CPR 75CPR 100CPR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 6.732 6.732 6.732 6.732 6.732
99-29 6.710 6.710 6.710 6.710 6.710
100-02 6.687 6.687 6.687 6.687 6.687
100-07 6.665 6.665 6.665 6.665 6.665
100-12 6.643 6.643 6.643 6.643 6.643
100-17 6.621 6.621 6.621 6.621 6.620
100-22 6.599 6.599 6.599 6.599 6.598
100-27 6.577 6.577 6.577 6.577 6.576
101-00 6.555 6.555 6.555 6.555 6.554
101-05 6.533 6.533 6.533 6.533 6.532
101-10 6.511 6.511 6.511 6.511 6.510
101-15 6.490 6.490 6.489 6.489 6.488
101-20 6.468 6.468 6.468 6.467 6.466
101-25 6.446 6.446 6.446 6.446 6.444
101-30 6.425 6.424 6.424 6.424 6.422
102-03 6.403 6.403 6.403 6.402 6.400
102-08 6.381 6.381 6.381 6.381 6.379
WAL 9.87 9.86 9.86 9.85 9.76
Mod Durn 7.045 7.042 7.038 7.032 6.986
Principal Window Jul08 to Sep10 Jul08 to Sep10 Jul08 to Sep10 Jun08 to Sep10 Apr08 to Sep10
Maturity #mos 138 138 138 138 138
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A4--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AD0 Face $448,115,000.00 Settle at Pricing
Coupon 6.95 Original Balance $448,115,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $448,115,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
Price 0CPR 25CPR 50CPR 75CPR 100CPR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 7.067 7.067 7.067 7.067 7.067
99-29 7.049 7.049 7.049 7.049 7.049
100-02 7.031 7.031 7.030 7.030 7.030
100-07 7.012 7.012 7.012 7.012 7.012
100-12 6.994 6.994 6.994 6.994 6.994
100-17 6.976 6.976 6.976 6.976 6.975
100-22 6.958 6.958 6.958 6.958 6.957
100-27 6.940 6.940 6.940 6.939 6.939
101-00 6.922 6.922 6.922 6.921 6.920
101-05 6.904 6.904 6.903 6.903 6.902
101-10 6.886 6.886 6.885 6.885 6.884
101-15 6.868 6.868 6.868 6.867 6.866
101-20 6.850 6.850 6.850 6.849 6.848
101-25 6.832 6.832 6.832 6.831 6.830
101-30 6.814 6.814 6.814 6.814 6.812
102-03 6.796 6.796 6.796 6.796 6.794
102-08 6.779 6.779 6.778 6.778 6.776
WAL 13.64 13.62 13.60 13.57 13.41
Mod Durn 8.562 8.556 8.549 8.538 8.474
Principal Window Sep10 to Apr13 Sep10 to Apr13 Sep10 to Apr13 Sep10 to Apr13 Sep10 to Mar13
Maturity #mos 169 169 169 169 168
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class B--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AE8 Face $106,875,000.00 Settle at Pricing
Coupon 7.155 Original Balance $106,875,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $106,875,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
Price 0CPR 25CPR 50CPR 75CPR 100CPR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 7.278 7.278 7.278 7.278 7.278
99-29 7.260 7.260 7.260 7.260 7.259
100-02 7.241 7.241 7.241 7.241 7.241
100-07 7.223 7.223 7.223 7.223 7.223
100-12 7.206 7.205 7.205 7.205 7.205
100-17 7.188 7.187 7.187 7.187 7.187
100-22 7.170 7.170 7.169 7.169 7.169
100-27 7.152 7.152 7.152 7.151 7.151
101-00 7.134 7.134 7.134 7.133 7.133
101-05 7.116 7.116 7.116 7.116 7.115
101-10 7.099 7.098 7.098 7.098 7.097
101-15 7.081 7.081 7.080 7.080 7.079
101-20 7.063 7.063 7.063 7.062 7.062
101-25 7.046 7.045 7.045 7.045 7.044
101-30 7.028 7.028 7.027 7.027 7.026
102-03 7.010 7.010 7.010 7.009 7.008
102-08 6.993 6.993 6.992 6.992 6.991
WAL 14.22 14.19 14.15 14.12 14.04
Mod Durn 8.670 8.659 8.646 8.635 8.604
Principal Window Apr13 to Jul13 Apr13 to Jul13 Apr13 to Jun13 Apr13 to Jun13 Mar13 to Apr13
Maturity #mos 172 172 171 171 169
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class C--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AF5 Face $130,624,000.00 Settle at Pricing
Coupon 7.35 Original Balance $130,624,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $130,624,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
Price 0CPR 25CPR 50CPR 75CPR 100CPR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-09 7.533 7.533 7.533 7.533 7.534
99-14 7.515 7.515 7.515 7.515 7.515
99-19 7.497 7.497 7.497 7.497 7.497
99-24 7.478 7.478 7.478 7.478 7.478
99-29 7.460 7.460 7.460 7.460 7.460
100-02 7.442 7.442 7.442 7.442 7.442
100-07 7.424 7.424 7.424 7.424 7.423
100-12 7.406 7.406 7.406 7.406 7.405
100-17 7.388 7.388 7.388 7.387 7.387
100-22 7.370 7.370 7.370 7.369 7.369
100-27 7.352 7.352 7.352 7.351 7.351
101-00 7.334 7.334 7.334 7.333 7.332
101-05 7.316 7.316 7.316 7.315 7.314
101-10 7.298 7.298 7.298 7.298 7.296
101-15 7.280 7.280 7.280 7.280 7.278
101-20 7.262 7.262 7.262 7.262 7.260
101-25 7.245 7.245 7.244 7.244 7.242
WAL 14.36 14.35 14.33 14.28 14.10
Mod Durn 8.598 8.593 8.586 8.571 8.508
Principal Window Jul13 to Aug13 Jul13 to Aug13 Jun13 to Aug13 Jun13 to Jul13 Apr13 to May13
Maturity #mos 173 173 173 172 170
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class D--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 210130AG3 Face $136,562,000.00 Settle at Pricing
Coupon 7.35 Original Balance $136,562,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $136,562,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
Price 0CPR 25CPR 50CPR 75CPR 100CPR
Yield
<S> <C> <C> <C> <C> <C> <C>
93-05 8.281 8.282 8.282 8.283 8.290
93-13 8.249 8.250 8.250 8.251 8.258
93-21 8.218 8.218 8.218 8.219 8.226
93-29 8.186 8.186 8.187 8.187 8.194
94-05 8.154 8.155 8.155 8.156 8.162
94-13 8.123 8.123 8.124 8.124 8.130
94-21 8.092 8.092 8.092 8.093 8.098
94-29 8.060 8.061 8.061 8.062 8.067
95-05 8.029 8.030 8.030 8.031 8.035
95-13 7.998 7.999 7.999 8.000 8.004
95-21 7.968 7.968 7.968 7.969 7.973
95-29 7.937 7.937 7.937 7.938 7.942
96-05 7.906 7.907 7.907 7.907 7.911
96-13 7.876 7.876 7.876 7.877 7.880
96-21 7.845 7.846 7.846 7.846 7.850
96-29 7.815 7.815 7.816 7.816 7.819
97-05 7.785 7.785 7.785 7.786 7.788
WAL 14.48 14.46 14.45 14.42 14.20
Mod Durn 8.448 8.443 8.438 8.431 8.360
Principal Window Aug13 to Oct13 Aug13 to Sep13 Aug13 to Sep13 Jul13 to Sep13 May13 to Jul13
Maturity #mos 175 174 174 174 172
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class D--Price/Yield
NOMURA
<TABLE>
<CAPTION>
CUSIP 201730AH1 Face $35,625,000.00 Settle at Pricing
Coupon 7.35 Original Balance $35,625,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $35,625,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
Price 0CPR 25CPR 50CPR 75CPR 100CPR
Yield
<S> <C> <C> <C> <C> <C> <C>
85-16 9.315 9.316 9.319 9.321 9.332
85-24 9.279 9.280 9.283 9.285 9.296
86-00 9.243 9.244 9.247 9.249 9.260
86-08 9.208 9.208 9.211 9.213 9.224
86-16 9.172 9.173 9.176 9.177 9.188
86-24 9.137 9.138 9.140 9.142 9.153
87-00 9.102 9.102 9.105 9.107 9.117
87-08 9.067 9.067 9.070 9.072 9.082
87-16 9.032 9.032 9.035 9.037 9.047
87-24 8.997 8.998 9.000 9.002 9.012
88-00 8.962 8.963 8.965 8.967 8.977
88-08 8.928 8.929 8.931 8.932 8.942
88-16 8.894 8.894 8.897 8.898 8.907
88-24 8.859 8.860 8.862 8.864 8.873
89-00 8.825 8.826 8.828 8.830 8.838
89-08 8.791 8.792 8.794 8.796 8.804
89-16 8.758 8.758 8.760 8.762 8.770
WAL 14.56 14.55 14.51 14.48 14.31
Mod Durn 8.179 8.176 8.163 8.155 8.106
Principal Window Oct13 to Oct13 Sep13 to Oct13 Sep13 to Oct13 Sep13 to Sep13 Jul13 to Jul13
Maturity #mos 175 175 175 174 172
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A1--Price/Yield
<TABLE>
<CAPTION>
CUSIP Face $350,000,000.00 Settle at Pricing
Coupon 6.28 Original Balance $350,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $350,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
O CPR; O
CDR 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price Yield 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
----- ----- -------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
99-08 6.516 6.531 6.543 6.558 6.573 6.586
99-13 6.479 6.490 6.500 6.510 6.522 6.532
99-18 6.441 6.449 6.456 6.463 6.471 6.478
99-23 6.404 6.409 6.412 6.416 6.420 6.424
99-28 6.367 6.368 6.368 6.369 6.369 6.370
100-01 6.331 6.327 6.325 6.322 6.319 6.316
100-06 6.294 6.287 6.281 6.275 6.268 6.262
100-11 6.257 6.247 6.238 6.228 6.218 6.208
100-16 6.220 6.206 6.195 6.182 6.167 6.155
100-21 6.184 6.166 6.152 6.135 6.117 6.101
100-26 6.147 6.126 6.109 6.089 6.067 6.048
100-31 6.111 6.086 6.066 6.042 6.017 5.995
101-04 6.075 6.046 6.023 5.996 5.967 5.942
101-09 6.038 6.006 5.980 5.950 5.917 5.889
101-14 6.002 5.967 5.937 5.904 5.868 5.836
101-19 5.966 5.927 5.895 5.858 5.818 5.783
101-24 5.930 5.887 5.852 5.812 5.769 5.730
WAL 5.216 4.667 4.297 3.934 3.598 3.348
Mod Durn 4.239 3.857 3.591 3.330 3.086 2.901
Principal Window Apr99 to Aug06 Apr99 to Jul05 Apr99 to Jul05 Apr99 to Jul05 Apr99 to Feb05 Apr99 to Jul04
Maturity #mos 89 76 76 76 71 64
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
- --------------------------------------------------------------------------------
NOMURA
ADDITIONAL INFORMATION IS AVAILABLE UPON REQUEST. The information contained
herein is based on sources Nomura Securities International, Inc. ("Nomura")
believes to be reliable. Nomura makes no representations or warranty such
information is accurate or complete. Nothing herein should be considered an
offer to sell or solicitation of an offer to buy any securities. All information
is hypothetical or preliminary and subject to change. No such information should
be viewed as projections, forecast, predictions or opinions. The same may be
based on assumptions which may not be accurate, and any such assumption may
differ from actual results. Prospective investors are advised to consult the
final prospectus, prospectus supplement, or private placement memorandum in
connection with their investments. Nomura and its affiliates may have a position
in the securities discussed herein and may purchase or sell the same on a
principal basis, or as agent for another person. In addition, Nomura and certain
of its affiliates may have acted as an underwriter of such securities, and may
currently be providing investment banking or other services to the issuers of
such securities and/or borrowers and their affiliates. Copyrights 1995. Nomura
Securities International, Inc.
- --------------------------------------------------------------------------------
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A2--Price/Yield
<TABLE>
<CAPTION>
CUSIP Face $100,000,000.00 Settle at Pricing
Coupon 6.51 Original Balance $100,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $100,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 6.621 6.625 6.627 6.627 6.627 6.629
99-29 6.597 6.596 6.596 6.596 6.596 6.596
100-02 6.572 6.568 6.565 6.565 6.565 6.563
100-07 6.548 6.540 6.535 6.534 6.533 6.530
100-12 6.523 6.512 6.504 6.503 6.502 6.497
100-17 6.499 6.484 6.474 6.472 6.471 6.465
100-22 6.475 6.456 6.443 6.441 6.440 6.432
100-27 6.451 6.428 6.413 6.411 6.409 6.400
101-00 6.427 6.400 6.383 6.380 6.378 6.367
101-05 6.403 6.372 6.353 6.349 6.347 6.335
101-10 6.379 6.344 6.322 6.319 6.316 6.302
101-15 6.355 6.316 6.292 6.288 6.285 6.270
101-20 6.331 6.288 6.262 6.258 6.255 6.238
101-25 6.307 6.261 6.232 6.227 6.224 6.206
101-30 6.283 6.233 6.202 6.197 6.193 6.174
102-03 6.259 6.206 6.173 6.167 6.163 6.142
102-08 6.235 6.178 6.143 6.137 6.132 6.110
WAL 8.603 7.116 6.421 6.317 6.244 5.894
Mod Durn 6.404 5.533 5.104 5.037 4.990 4.759
Principal Window Aug06 to Jul08 Jul05 to May07 Jul05 to Mar06 Jul05 to Jul05 Feb05 to Jul05 Jul04 to Jul05
Maturity #mos 112 98 84 76 76 76
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A3--Price/Yield
<TABLE>
<CAPTION>
CUSIP Face $800,000,000.00 Settle at Pricing
Coupon 6.56 Original Balance $800,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $800,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 6.670 6.671 6.671 6.672 6.672 6.672
99-29 6.648 6.648 6.648 6.648 6.648 6.648
100-02 6.626 6.625 6.625 6.624 6.624 6.623
100-07 6.604 6.603 6.602 6.601 6.600 6.599
100-12 6.582 6.580 6.579 6.577 6.576 6.574
100-17 6.560 6.558 6.556 6.554 6.552 6.550
100-22 6.538 6.536 6.533 6.531 6.528 6.525
100-27 6.516 6.513 6.511 6.507 6.504 6.501
101-00 6.494 6.491 6.488 6.484 6.480 6.477
101-05 6.472 6.469 6.465 6.461 6.457 6.452
101-10 6.451 6.447 6.443 6.438 6.433 6.428
101-15 6.429 6.424 6.420 6.415 6.409 6.404
101-20 6.407 6.402 6.398 6.391 6.386 6.380
101-25 6.386 6.380 6.375 6.368 6.362 6.356
101-30 6.364 6.358 6.353 6.345 6.338 6.332
102-03 6.342 6.336 6.330 6.322 6.315 6.308
102-08 6.321 6.314 6.308 6.300 6.292 6.284
WAL 9.876 9.606 9.366 9.082 8.822 8.579
Mod Durn 7.070 6.930 6.800 6.641 6.493 6.353
Principal Window Jul08 to Sep10 May07 to Feb10 Mar06 to Feb10 Jul05 to Jun09 Jul05 to Mar09 Jul05 to Mar09
Maturity #mos 138 131 131 123 120 120
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A4--Price/Yield
<TABLE>
<CAPTION>
CUSIP Face $448,115,000.00 Settle at Pricing
Coupon 6.79 Original Balance $448,115,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $448,115,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 6.903 6.903 6.903 6.903 6.904 6.904
99-29 6.884 6.884 6.884 6.884 6.884 6.884
100-02 6.866 6.866 6.866 6.866 6.865 6.865
100-07 6.848 6.848 6.847 6.847 6.846 6.846
100-12 6.830 6.829 6.828 6.828 6.827 6.826
100-17 6.812 6.811 6.810 6.809 6.808 6.807
100-22 6.794 6.792 6.791 6.790 6.789 6.788
100-27 6.777 6.774 6.773 6.772 6.770 6.769
101-00 6.759 6.756 6.754 6.753 6.751 6.750
101-05 6.741 6.738 6.736 6.734 6.733 6.731
101-10 6.723 6.719 6.718 6.716 6.714 6.712
101-15 6.705 6.701 6.699 6.697 6.695 6.693
101-20 6.688 6.683 6.681 6.679 6.676 6.674
101-25 6.670 6.665 6.663 6.660 6.658 6.655
101-30 6.652 6.647 6.645 6.642 6.639 6.636
102-03 6.635 6.629 6.626 6.624 6.620 6.617
102-08 6.617 6.611 6.608 6.605 6.602 6.599
WAL 13.644 13.182 12.967 12.756 12.530 12.326
Mod Durn 8.653 8.466 8.375 8.284 8.185 8.095
Principal Window Sep10 to Apr13 Feb10 to Mar13 Feb10 to Mar13 Jun09 to Mar13 Mar09 to Mar13 Mar09 to Mar13
Maturity #mos 169 168 168 168 168 168
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class B--Price/Yield
<TABLE>
<CAPTION>
CUSIP Face $106,875,000.00 Settle at Pricing
Coupon 6.95 Original Balance $106,875,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $106,875,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 7.067 7.067 7.067 7.067 7.067 7.067
99-29 7.049 7.049 7.049 7.049 7.049 7.049
100-02 7.031 7.031 7.031 7.031 7.031 7.031
100-07 7.013 7.013 7.013 7.013 7.013 7.013
100-12 6.996 6.995 6.995 6.995 6.995 6.995
100-17 6.978 6.977 6.977 6.977 6.977 6.977
100-22 6.960 6.960 6.960 6.960 6.960 6.960
100-27 6.943 6.942 6.942 6.942 6.942 6.942
101-00 6.925 6.924 6.924 6.924 6.924 6.924
101-05 6.907 6.906 6.906 6.906 6.906 6.906
101-10 6.890 6.889 6.889 6.889 6.889 6.889
101-15 6.872 6.871 6.871 6.871 6.871 6.871
101-20 6.855 6.854 6.854 6.854 6.854 6.854
101-25 6.838 6.836 6.836 6.836 6.836 6.836
101-30 6.820 6.819 6.819 6.819 6.819 6.819
102-03 6.803 6.801 6.801 6.801 6.801 6.801
102-08 6.786 6.784 6.784 6.784 6.784 6.784
WAL 14.225 14.041 14.042 14.044 14.047 14.056
Mod Durn 8.788 8.721 8.722 8.722 8.723 8.727
Principal Window Apr13 to Jul13 Mar13 to Apr13 Mar13 to Apr13 Mar13 to Apr13 Mar13 to Apr13 Mar13 to May13
Maturity #mos 172 169 169 169 169 170
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class C--Price/Yield
<TABLE>
<CAPTION>
CUSIP Face $130,624,000.00 Settle at Pricing
Coupon 7.2 Original Balance $130,624,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $130,624,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 7.324 7.324 7.324 7.324 7.324 7.324
99-29 7.306 7.306 7.306 7.306 7.306 7.306
100-02 7.288 7.288 7.288 7.288 7.288 7.288
100-07 7.270 7.269 7.270 7.270 7.270 7.270
100-12 7.252 7.251 7.251 7.251 7.252 7.252
100-17 7.234 7.233 7.233 7.233 7.234 7.234
100-22 7.216 7.215 7.215 7.215 7.216 7.216
100-27 7.198 7.197 7.197 7.198 7.198 7.198
101-00 7.181 7.179 7.179 7.180 7.180 7.180
101-05 7.163 7.161 7.162 7.162 7.162 7.162
101-10 7.145 7.144 7.144 7.144 7.144 7.144
101-15 7.128 7.126 7.126 7.126 7.126 7.127
101-20 7.110 7.108 7.108 7.108 7.109 7.109
101-25 7.092 7.090 7.090 7.091 7.091 7.091
101-30 7.075 7.073 7.073 7.073 7.073 7.074
102-03 7.057 7.055 7.055 7.055 7.056 7.056
102-08 7.040 7.037 7.037 7.038 7.038 7.038
WAL 14.368 14.117 14.133 14.159 14.188 14.224
Mod Durn 8.701 8.613 8.618 8.627 8.638 8.650
Principal Window Jul13 to Aug13 Apr13 to May13 Apr13 to Jun13 Apr13 to Jun13 Apr13 to Jul13 May13 to Aug13
Maturity #mos 173 170 171 171 172 173
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class D--Price/Yield
<TABLE>
<CAPTION>
CUSIP Face $136,562,000.00 Settle at Pricing
Coupon 7.35 Original Balance $136,562,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $136,562,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
93-05 8.281 8.288 8.286 8.284 8.280 7.974
93-13 8.249 8.256 8.254 8.252 8.248 7.943
93-21 8.217 8.224 8.222 8.220 8.216 7.912
93-29 8.186 8.192 8.190 8.188 8.185 7.881
94-05 8.154 8.160 8.159 8.157 8.153 7.851
94-13 8.123 8.129 8.127 8.125 8.122 7.820
94-21 8.092 8.097 8.096 8.094 8.091 7.790
94-29 8.060 8.066 8.064 8.063 8.059 7.759
95-05 8.029 8.034 8.033 8.031 8.028 7.729
95-13 7.998 8.003 8.002 8.000 7.998 7.699
95-21 7.968 7.972 7.971 7.969 7.967 7.669
95-29 7.937 7.941 7.940 7.939 7.936 7.639
96-05 7.906 7.910 7.909 7.908 7.906 7.609
96-13 7.876 7.879 7.878 7.877 7.875 7.580
96-21 7.845 7.849 7.848 7.847 7.845 7.550
96-29 7.815 7.818 7.817 7.816 7.815 7.521
97-05 7.785 7.788 7.787 7.786 7.784 7.492
WAL 14.482 14.249 14.313 14.388 14.519 15.486
Mod Durn 8.454 8.379 8.399 8.423 8.465 8.689
Principal Window Aug13 to Oct13 May13 to Jul13 Jun13 to Sep13 Jun13 to Oct13 Jul13 to Oct14 Aug13 to Jun20
Maturity #mos 175 172 174 175 187 255
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class E--Price/Yield
<TABLE>
<CAPTION>
CUSIP Face $35,625,000.00 Settle at Pricing
Coupon 7.35 Original Balance $35,625,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $35,625,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
85-16 9.315 9.326 9.320 9.310 9.148 0.650
85-24 9.279 9.290 9.284 9.274 9.116 0.601
86-00 9.243 9.254 9.248 9.239 9.083 0.553
86-08 9.207 9.218 9.213 9.203 9.050 0.505
86-16 9.172 9.182 9.177 9.168 9.018 0.457
86-24 9.137 9.147 9.142 9.133 8.986 0.410
87-00 9.101 9.111 9.106 9.098 8.953 0.363
87-08 9.066 9.076 9.071 9.063 8.921 0.315
87-16 9.031 9.041 9.036 9.028 8.890 0.268
87-24 8.997 9.006 9.001 8.993 8.858 0.222
88-00 8.962 8.971 8.967 8.959 8.826 0.175
88-08 8.928 8.937 8.932 8.924 8.795 0.129
88-16 8.893 8.902 8.898 8.890 8.763 0.083
88-24 8.859 8.868 8.863 8.856 8.732 0.037
89-00 8.825 8.834 8.829 8.822 8.701 -0.009
89-08 8.791 8.799 8.795 8.788 8.670 -0.055
89-16 8.757 8.765 8.761 8.754 8.639 -0.100
WAL 14.567 14.403 14.483 14.629 17.650 12.119
Mod Durn 8.185 8.136 8.160 8.203 8.959 6.080
Principal Window Oct13 to Oct13 Jul13 to Sep13 Sep13 to Sep13 Oct13 to Dec13 Oct14 to Dec18 Apr99 to Nov12
Maturity #mos 175 174 174 177 237 164
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A1--Price/Yield
<TABLE>
<CAPTION>
CUSIP Face $350,000,000.00 Settle at Pricing
Coupon 6.28 Original Balance $350,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $350,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-08 6.516 6.528 6.542 6.557 6.573 6.586
99-13 6.479 6.488 6.498 6.510 6.522 6.532
99-18 6.441 6.448 6.455 6.463 6.471 6.478
99-23 6.404 6.408 6.412 6.416 6.420 6.424
99-28 6.367 6.368 6.368 6.369 6.369 6.370
100-01 6.331 6.328 6.325 6.322 6.319 6.316
100-06 6.294 6.288 6.282 6.275 6.268 6.262
100-11 6.257 6.248 6.239 6.228 6.218 6.208
100-16 6.220 6.209 6.196 6.182 6.167 6.155
100-21 6.184 6.169 6.154 6.135 6.117 6.101
100-26 6.147 6.130 6.111 6.089 6.067 6.048
100-31 6.111 6.090 6.068 6.043 6.017 5.995
101-04 6.075 6.051 6.026 5.997 5.967 5.942
101-09 6.038 6.012 5.983 5.951 5.917 5.889
101-14 6.002 5.973 5.941 5.905 5.868 5.836
101-19 5.966 5.934 5.899 5.859 5.818 5.783
101-24 5.930 5.895 5.857 5.813 5.769 5.730
WAL 5.216 4.759 4.347 3.943 3.598 3.348
Mod Durn 4.239 3.917 3.623 3.335 3.086 2.901
Principal Window Apr99 to Aug06 Apr99 to Oct05 Apr99 to Oct05 Apr99 to Oct05 Apr99 to Feb05 Apr99 to Jul04
Maturity #mos 89 79 79 79 71 64
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A2--Price/Yield
<TABLE>
<CAPTION>
CUSIP Face $100,000,000.00 Settle at Pricing
Coupon 6.51 Original Balance $100,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $100,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 6.621 6.624 6.626 6.626 6.627 6.629
99-29 6.597 6.596 6.596 6.596 6.596 6.596
100-02 6.572 6.568 6.566 6.566 6.565 6.563
100-07 6.548 6.540 6.536 6.536 6.535 6.530
100-12 6.523 6.512 6.506 6.506 6.504 6.498
100-17 6.499 6.484 6.477 6.476 6.473 6.465
100-22 6.475 6.456 6.447 6.446 6.443 6.432
100-27 6.451 6.429 6.417 6.416 6.412 6.400
101-00 6.427 6.401 6.388 6.387 6.382 6.368
101-05 6.403 6.373 6.358 6.357 6.352 6.335
101-10 6.379 6.345 6.329 6.327 6.321 6.303
101-15 6.355 6.318 6.299 6.298 6.291 6.271
101-20 6.331 6.290 6.270 6.268 6.261 6.239
101-25 6.307 6.263 6.241 6.239 6.231 6.206
101-30 6.283 6.235 6.211 6.210 6.201 6.174
102-03 6.259 6.208 6.182 6.180 6.171 6.142
102-08 6.235 6.181 6.153 6.151 6.141 6.110
WAL 8.603 7.168 6.604 6.567 6.388 5.907
Mod Durn 6.404 5.566 5.220 5.197 5.082 4.767
Principal Window Aug06 to Jul08 Oct05 to May07 Oct05 to Mar06 Oct05 to Oct05 Feb05 to Oct05 Jul04 to Sep05
Maturity #mos 112 98 84 79 79 78
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A3--Price/Yield
<TABLE>
<CAPTION>
CUSIP Face $800,000,000.00 Settle at Pricing
Coupon 6.56 Original Balance $800,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $800,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 6.670 6.670 6.671 6.671 6.672 6.672
99-29 6.648 6.648 6.648 6.648 6.648 6.648
100-02 6.626 6.626 6.625 6.625 6.624 6.623
100-07 6.604 6.603 6.602 6.601 6.600 6.599
100-12 6.582 6.581 6.580 6.578 6.576 6.575
100-17 6.560 6.559 6.557 6.555 6.553 6.551
100-22 6.538 6.537 6.534 6.532 6.529 6.527
100-27 6.516 6.515 6.512 6.509 6.505 6.502
101-00 6.494 6.492 6.489 6.485 6.482 6.478
101-05 6.472 6.470 6.467 6.462 6.458 6.454
101-10 6.451 6.448 6.444 6.439 6.435 6.430
101-15 6.429 6.426 6.422 6.417 6.411 6.406
101-20 6.407 6.404 6.400 6.394 6.388 6.383
101-25 6.386 6.383 6.377 6.371 6.365 6.359
101-30 6.364 6.361 6.355 6.348 6.341 6.335
102-03 6.342 6.339 6.333 6.325 6.318 6.311
102-08 6.321 6.317 6.311 6.303 6.295 6.288
WAL 9.876 9.725 9.475 9.189 8.937 8.701
Mod Durn 7.070 6.992 6.857 6.698 6.555 6.422
Principal Window Jul08 to Sep10 May07 to Feb10 Mar06 to Feb10 Oct05 to Jul09 Oct05 to Mar09 Sep05 to Mar09
Maturity #mos 138 131 131 124 120 120
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A4--Price/Yield
CUSIP Face $448,115,000.00 Settle at Pricing
Coupon 6.79 Original Balance $448,115,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $448,115,000.00 Factor Date N/A
Stated
Maturity N/A Factor 1
<TABLE>
<CAPTION>
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 6.903 6.903 6.903 6.903 6.903 6.904
99-29 6.884 6.884 6.884 6.884 6.884 6.884
100-02 6.866 6.866 6.866 6.866 6.865 6.865
100-07 6.848 6.848 6.847 6.847 6.846 6.846
100-12 6.830 6.830 6.829 6.828 6.828 6.827
100-17 6.812 6.811 6.811 6.810 6.809 6.808
100-22 6.794 6.793 6.792 6.791 6.790 6.789
100-27 6.777 6.775 6.774 6.773 6.771 6.770
101-00 6.759 6.757 6.756 6.754 6.752 6.751
101-05 6.741 6.739 6.737 6.736 6.734 6.732
101-10 6.723 6.721 6.719 6.717 6.715 6.713
101-15 6.705 6.703 6.701 6.699 6.696 6.694
101-20 6.688 6.685 6.683 6.680 6.678 6.675
101-25 6.670 6.667 6.665 6.662 6.659 6.656
101-30 6.652 6.649 6.647 6.644 6.641 6.638
102-03 6.635 6.632 6.629 6.626 6.622 6.619
102-08 6.617 6.614 6.611 6.607 6.604 6.600
WAL 13.644 13.388 13.149 12.918 12.675 12.454
Mod Durn 8.653 8.546 8.445 8.347 8.242 8.145
Principal Window Sep10 to Apr13 Feb10 to Apr13 Feb10 to Apr13 Jul09 to Apr13 Mar09 to Apr13 Mar09 to Apr13
Maturity #mos 169 169 169 169 169 169
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class B--Price/Yield
CUSIP Face $106,875,000.00 Settle at Pricing
Coupon 6.95 Original Balance $106,875,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $106,875,000.00 Factor Date N/A
Stated
Maturity N/A Factor 1
<TABLE>
<CAPTION>
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 7.067 7.067 7.067 7.067 7.067 7.067
99-29 7.049 7.049 7.049 7.049 7.049 7.049
100-02 7.031 7.031 7.031 7.031 7.031 7.031
100-07 7.013 7.013 7.013 7.013 7.013 7.013
100-12 6.996 6.996 6.996 6.996 6.996 6.996
100-17 6.978 6.978 6.978 6.978 6.978 6.978
100-22 6.960 6.960 6.960 6.960 6.960 6.960
100-27 6.943 6.943 6.943 6.943 6.943 6.943
101-00 6.925 6.925 6.925 6.925 6.925 6.925
101-05 6.907 6.907 6.907 6.908 6.908 6.908
101-10 6.890 6.890 6.890 6.890 6.890 6.890
101-15 6.872 6.872 6.873 6.873 6.873 6.873
101-20 6.855 6.855 6.855 6.855 6.855 6.855
101-25 6.838 6.838 6.838 6.838 6.838 6.838
101-30 6.820 6.820 6.820 6.820 6.820 6.821
102-03 6.803 6.803 6.803 6.803 6.803 6.803
102-08 6.786 6.786 6.786 6.786 6.786 6.786
WAL 14.225 14.225 14.228 14.234 14.244 14.264
Mod Durn 8.788 8.788 8.790 8.792 8.795 8.803
Principal Window Apr13 to Jul13 Apr13 to Jul13 Apr13 to Jul13 Apr13 to Jul13 Apr13 to Aug13 Apr13 to Aug13
Maturity #mos 172 172 172 172 173 173
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P &I 100% of P & I 100% of P & I 100% of P&I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class C--Price/Yield
CUSIP Face $130,624,000.00 Settle at Pricing
Coupon 7.2 Original Balance $130,624,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $130,624,000.00 Factor Date N/A
Stated
Maturity N/A Factor 1
<TABLE>
<CAPTION>
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
99-24 7.324 7.324 7.324 7.324 7.324 7.324
99-29 7.306 7.306 7.306 7.306 7.306 7.306
100-02 7.288 7.288 7.288 7.288 7.288 7.288
100-07 7.270 7.270 7.270 7.270 7.270 7.270
100-12 7.252 7.252 7.252 7.252 7.252 7.252
100-17 7.234 7.234 7.234 7.234 7.234 7.234
100-22 7.216 7.216 7.216 7.216 7.217 7.217
100-27 7.198 7.199 7.199 7.199 7.199 7.199
101-00 7.181 7.181 7.181 7.181 7.181 7.181
101-05 7.163 7.163 7.163 7.163 7.163 7.164
101-10 7.145 7.145 7.146 7.146 7.146 7.146
101-15 7.128 7.128 7.128 7.128 7.128 7.128
101-20 7.110 7.110 7.110 7.111 7.111 7.111
101-25 7.092 7.093 7.093 7.093 7.093 7.093
101-30 7.075 7.075 7.075 7.076 7.076 7.076
102-03 7.057 7.058 7.058 7.058 7.058 7.059
102-08 7.040 7.040 7.040 7.041 7.041 7.041
WAL 14.368 14.384 14.407 14.429 14.453 14.485
Mod Durn 8.701 8.706 8.714 8.722 8.730 8.741
Principal Window Jul13 to Aug13 Jul13 to Sep13 Jul13 to Sep13 Jul13 to Sep13 Aug13 to Oct13 Aug13 to Nov13
Maturity #mos 173 174 174 174 175 176
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class D--Price/Yield
CUSIP Face $136,562,000.00 Settle at Pricing
Coupon 7.35 Original Balance $136,562,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $136,562,000.00 Factor Date N/A
Stated
Maturity N/A Factor 1
<TABLE>
<CAPTION>
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
93-05 8.281 8.280 8.279 8.277 8.274 7.972
93-13 8.249 8.248 8.247 8.245 8.242 7.941
93-21 8.217 8.216 8.215 8.213 8.211 7.910
93-29 8.186 8.185 8.184 8.182 8.180 7.880
94-05 8.154 8.153 8.152 8.151 8.148 7.849
94-13 8.123 8.122 8.121 8.119 8.117 7.819
94-21 8.092 8.091 8.090 8.088 8.086 7.788
94-29 8.060 8.060 8.059 8.057 8.055 7.758
95-05 8.029 8.029 8.028 8.026 8.024 7.728
95-13 7.998 7.998 7.997 7.996 7.994 7.698
95-21 7.968 7.967 7.966 7.965 7.963 7.668
95-29 7.937 7.936 7.935 7.934 7.933 7.639
96-05 7.906 7.906 7.905 7.904 7.902 7.609
96-13 7.876 7.875 7.875 7.874 7.872 7.579
96-21 7.845 7.845 7.844 7.843 7.842 7.550
96-29 7.815 7.815 7.814 7.813 7.812 7.521
97-05 7.785 7.785 7.784 7.783 7.782 7.491
WAL 14.482 14.513 14.554 14.621 14.708 15.611
Mod Durn 8.454 8.463 8.477 8.498 8.525 8.729
Principal Window Aug13 to Oct13 Sep13 to Oct13 Sep13 to Nov13 Sep13 to Dec13 Oct13 to Oct14 Nov13 to Jun20
Maturity #mos 175 175 176 177 187 255
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class E--Price/Yield
<TABLE>
<CAPTION>
CUSIP Face $35,625,000.00 Settle at Pricing
Coupon 7.35 Original Balance $35,625,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $35,625,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
O CPR; O 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O* 100 CPR; O*
Price CDR 12,1 CDR 12,2 CDR 12,3 CDR 12,4 CDR 12,5 CDR
Yield
<S> <C> <C> <C> <C> <C> <C>
85-16 9.315 9.310 9.304 9.301 9.147 0.650
85-24 9.279 9.274 9.268 9.266 9.114 0.601
86-00 9.243 9.239 9.233 9.230 9.081 0.553
86-08 9.207 9.203 9.197 9.195 9.049 0.505
86-16 9.172 9.168 9.162 9.160 9.016 0.457
86-24 9.137 9.132 9.127 9.124 8.984 0.410
87-00 9.101 9.097 9.092 9.090 8.952 0.363
87-08 9.066 9.062 9.057 9.055 8.920 0.315
87-16 9.031 9.028 9.022 9.020 8.888 0.268
87-24 8.997 8.993 8.988 8.986 8.856 0.222
88-00 8.962 8.958 8.953 8.951 8.825 0.175
88-08 8.928 8.924 8.919 8.917 8.793 0.129
88-16 8.893 8.890 8.885 8.883 8.762 0.083
88-24 8.859 8.856 8.851 8.849 8.731 0.037
89-00 8.825 8.822 8.817 8.815 8.700 -0.009
89-08 8.791 8.788 8.783 8.782 8.669 -0.055
89-16 8.757 8.754 8.750 8.748 8.638 -0.100
WAL 14.567 14.633 14.726 14.765 17.692 12.119
Mod Durn 8.185 8.204 8.231 8.242 8.967 6.080
Principal Window Oct13 to Oct13 Oct13 to Nov13 Nov13 to Dec13 Dec13 to Jan14 Oct14 to Jan14 Apr99 to Nov12
Maturity #mos 175 176 177 178 238 164
Loss Severity 0% 35% 35% 35% 35% 35%
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
</TABLE>
<PAGE>
NOMURA
- --------------------------------------------------------------------------------
NOMURA NOMURA Securities International, Inc.
3-15-99 ------------------------------------------------------------
ADDITIONAL INFORMATION IS AVAILABLE UPON REQUEST. The
information contained herein is based on sources Nomura
___S-24 Securities International, Inc. ("Nomura") believes to be
reliable. Nomura makes no representations or warranty such
___S-8 information is accurate or complete. Nothing herein should
be considered an offer to sell or solicitation of an offer
to buy any securities. All information is hypothetical or
preliminary and subject to change. No such information
should be viewed as projections, forecast, predictions or
opinions. The same may be based on assumptions which may not
be accurate, and any such assumption may differ from actual
results. Prospective investors are advised to consult the
final prospectus, prospectus supplement, or private
placement memorandum in connection with their investments.
Nomura and its affiliates may have a position in the
securities discussed herein and may purchase or sell the
same on a principal basis, or as agent for another person.
In addition, Nomura and certain of its affiliates may have
acted as an underwriter of such securities, and may
currently be providing investment banking or other services
to the issuers of such securities and/or borrowers and their
affiliates. Copyrights 1995. Nomura Securities
International, Inc.
Form No. 124
- --------------------------------------------------------------------------------
<TABLE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A1--Price/Yield
CUSIP Face $350,000,000.00 Settle at Pricing
Coupon 6.28 Original Balance $350,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $350,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
<CAPTION>
Price
Yield OCPR 25CPR 50CPR 75CPR 100CPR
----- ---- ----- ----- ----- ------
<S> <C> <C> <C> <C> <C>
99-08 6.516 6.516 6.516 6.516 6.518
99-13 6.479 6.479 6.479 6.479 6.481
99-18 6.441 6.442 6.442 6.442 6.443
99-23 6.404 6.404 6.405 6.405 6.405
99-28 6.367 6.367 6.367 6.368 6.368
100-01 6.331 6.331 6.331 6.331 6.330
100-06 6.294 6.294 6.294 6.294 6.293
100-11 6.257 6.257 6.257 6.257 6.255
100-16 6.220 6.220 6.220 6.220 6.218
100-21 6.184 6.184 6.184 6.183 6.181
100-26 6.147 6.147 6.147 6.147 6.144
100-31 6.111 6.111 6.111 6.110 6.107
101-04 6.075 6.074 6.074 6.074 6.070
101-09 6.038 6.038 6.038 6.037 6.033
101-14 6.002 6.002 6.002 6.001 5.996
101-19 5.966 5.966 5.965 5.965 5.959
101-24 5.930 5.930 5.929 5.929 5.923
WAL 5.216 5.211 5.204 5.194 5.105
Mod Durn 4.239 4.236 4.231 4.224 4.167
Principal Window Apr99 to Aug06 Apr99 to Aug06 Apr99 to Aug06 Apr99 to Aug06 Apr99 to Aug06
Maturity #mos 89 89 89 89 89
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A2--Price/Yield
<TABLE>
CUSIP Face $100,000,000.00 Settle at Pricing
Coupon 6.51 Original Balance $100,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $100,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
<CAPTION>
Price
Yield 0CPR 25CPR 50CPR 75CPR 100CPR
----- ---- ----- ----- ----- ------
<S> <C> <C> <C> <C> <C>
99-24 6.621 6.621 6.621 6.621 6.621
99-29 6.597 6.597 6.597 6.597 6.597
100-02 6.572 6.572 6.572 6.572 6.572
100-07 6.548 6.548 6.548 6.548 6.547
100-12 6.523 6.523 6.523 6.523 6.523
100-17 6.499 6.499 6.499 6.499 6.498
100-22 6.475 6.475 6.475 6.474 6.474
100-27 6.451 6.451 6.450 6.450 6.449
101-00 6.427 6.426 6.426 6.426 6.425
101-05 6.403 6.402 6.402 6.402 6.401
101-10 6.379 6.378 6.378 6.377 6.376
101-15 6.355 6.354 6.354 6.353 6.352
101-20 6.331 6.330 6.330 6.329 6.328
101-25 6.307 6.306 6.306 6.305 6.304
101-30 6.283 6.282 6.282 6.281 6.280
102-03 6.259 6.259 6.258 6.257 6.255
102-08 6.235 6.235 6.234 6.233 6.231
WAL 8.603 8.585 8.561 8.538 8.479
Mod Durn 6.404 6.394 6.381 6.368 6.336
Principal Window Aug06 to Jul08 Aug06 to Jul08 Aug06 to Jul08 Aug06 to Jun08 Aug06 to Apr08
Maturity #mos 112 112 112 111 109
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A3--Price/Yield
<TABLE>
CUSIP Face $800,000,000.00 Settle at Pricing
Coupon 6.56 Original Balance $800,000,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $800,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
<CAPTION>
Price
Yield 0CPR 25CPR 50CPR 75CPR 100CPR
----- ---- ----- ----- ----- ------
<S> <C> <C> <C> <C> <C>
99-24 6.670 6.670 6.670 6.670 6.670
99-29 6.648 6.648 6.648 6.648 6.648
100-02 6.626 6.626 6.626 6.626 6.626
100-07 6.604 6.604 6.604 6.604 6.603
100-12 6.582 6.582 6.582 6.582 6.581
100-17 6.560 6.560 6.560 6.560 6.559
100-22 6.538 6.538 6.538 6.538 6.537
100-27 6.516 6.516 6.516 6.516 6.515
101-00 6.494 6.494 6.494 6.494 6.493
101-05 6.472 6.472 6.472 6.472 6.471
101-10 6.451 6.451 6.450 6.450 6.449
101-15 6.429 6.429 6.429 6.428 6.427
101-20 6.407 6.407 6.407 6.407 6.405
101-25 6.386 6.385 6.385 6.385 6.383
101-30 6.364 6.364 6.364 6.363 6.362
102-03 6.342 6.342 6.342 6.342 6.340
102-08 6.321 6.321 6.321 6.320 6.318
WAL 9.876 9.870 9.863 9.851 9.764
Mod Durn 7.070 7.067 7.064 7.057 7.012
Principal Window Jul08 to Sep10 Jul08 to Sep10 Jul08 to Sep10 Jun08 to Sep10 Apr08 to Sep10
Maturity #mos 138 138 138 138 138
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class A4--Price/Yield
<TABLE>
CUSIP Face $448,115,000.00 Settle at Pricing
Coupon 6.79 Original Balance $448,115,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $448,115,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
<CAPTION>
Price
Yield 0CPR 25CPR 50CPR 75CPR 100CPR
----- ---- ----- ----- ----- ------
<S> <C> <C> <C> <C> <C>
99-24 6.903 6.903 6.903 6.903 6.903
99-29 6.884 6.884 6.884 6.884 6.884
100-02 6.866 6.866 6.866 6.866 6.866
100-07 6.848 6.848 6.848 6.848 6.848
100-12 6.830 6.830 6.830 6.830 6.830
100-17 6.812 6.812 6.812 6.812 6.812
100-22 6.794 6.794 6.794 6.794 6.793
100-27 6.777 6.776 6.776 6.776 6.775
101-00 6.759 6.759 6.758 6.758 6.757
101-05 6.741 6.741 6.741 6.740 6.739
101-10 6.723 6.723 6.723 6.723 6.721
101-15 6.705 6.705 6.705 6.705 6.703
101-20 6.688 6.687 6.687 6.687 6.686
101-25 6.670 6.670 6.670 6.669 6.668
101-30 6.652 6.652 6.652 6.652 6.650
102-03 6.635 6.635 6.634 6.634 6.632
102-08 6.617 6.617 6.617 6.616 6.614
WAL 13.644 13.627 13.607 13.578 13.411
Mod Durn 8.653 8.646 8.639 8.627 8.563
Principal Window Sep10 to Apr13 Sep10 to Apr13 Sep10 to Apr13 Sep10 to Apr13 Sep10 to Mar13
Maturity #mos 169 169 169 169 168
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class B--Price/Yield
<TABLE>
CUSIP Face $106,875,000.00 Settle at Pricing
Coupon 6.95 Original Balance $106,875,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $106,875,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
<CAPTION>
Price
Yield 0CPR 25CPR 50CPR 75CPR 100CPR
----- ---- ----- ----- ----- ------
<S> <C> <C> <C> <C> <C>
99-24 7.067 7.067 7.067 7.067 7.067
99-29 7.049 7.049 7.049 7.049 7.049
100-02 7.031 7.031 7.031 7.031 7.031
100-07 7.013 7.013 7.013 7.013 7.013
100-12 6.996 6.995 6.995 6.995 6.995
100-17 6.978 6.978 6.978 6.978 6.977
100-22 6.960 6.960 6.960 6.960 6.960
100-27 6.943 6.942 6.942 6.942 6.942
101-00 6.925 6.925 6.925 6.924 6.924
101-05 6.907 6.907 6.907 6.907 6.906
101-10 6.890 6.890 6.889 6.889 6.889
101-15 6.872 6.872 6.872 6.872 6.871
101-20 6.855 6.855 6.854 6.854 6.854
101-25 6.838 6.837 6.837 6.837 6.836
101-30 6.820 6.820 6.820 6.819 6.819
102-03 6.803 6.803 6.802 6.802 6.801
102-08 6.786 6.785 6.785 6.785 6.784
WAL 14.225 14.193 14.156 14.125 14.041
Mod Durn 8.788 8.777 8.764 8.752 8.721
Principal Window Apr13 to Jul13 Apr13 to Jul13 Apr13 to Jun13 Apr13 to Jun13 Mar13 to Apr13
Maturity #mos 172 172 171 171 169
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class C--Price/Yield
<TABLE>
CUSIP Face $130,624,000.00 Settle at Pricing
Coupon 7.2 Original Balance $130,624,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $130,624,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
<CAPTION>
Yield
Price 0CPR 25CPR 50CPR 75CPR 100CPR
----- ---- ----- ----- ----- ------
<S> <C> <C> <C> <C> <C>
99-24 7.324 7.324 7.324 7.324 7.324
99-29 7.306 7.306 7.306 7.306 7.306
100-02 7.288 7.288 7.288 7.288 7.288
100-07 7.270 7.270 7.270 7.270 7.269
100-12 7.252 7.252 7.252 7.252 7.251
100-17 7.234 7.234 7.234 7.234 7.233
100-22 7.216 7.216 7.216 7.216 7.215
100-27 7.198 7.198 7.198 7.198 7.197
101-00 7.181 7.181 7.181 7.180 7.179
101-05 7.163 7.163 7.163 7.163 7.161
101-10 7.145 7.145 7.145 7.145 7.144
101-15 7.128 7.128 7.127 7.127 7.126
101-20 7.110 7.110 7.110 7.109 7.108
101-25 7.092 7.092 7.092 7.092 7.090
101-30 7.075 7.075 7.075 7.074 7.072
102-03 7.057 7.057 7.057 7.057 7.055
102-08 7.040 7.040 7.040 7.039 7.037
WAL 14.368 14.354 14.334 14.290 14.106
Mod Durn 8.701 8.696 8.689 8.674 8.609
Principal Window Jul13 to Aug13 Jul13 to Aug13 Jun13 to Aug13 Jun13 to Jul13 Apr13 to May13
Maturity #mos 173 173 173 172 170
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class D--Price/Yield
<TABLE>
CUSIP Face $136,562,000.00 Settle at Pricing
Coupon 7.35 Original Balance $136,562,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $136,562,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
<CAPTION>
Price
Yield 0CPR 25CPR 50CPR 75CPR 100CPR
----- ---- ----- ----- ----- ------
<S> <C> <C> <C> <C> <C>
93-05 8.281 8.282 8.282 8.283 8.290
93-13 8.249 8.250 8.250 8.251 8.257
93-21 8.217 8.218 8.218 8.219 8.225
93-29 8.186 8.186 8.187 8.187 8.193
94-05 8.154 8.155 8.155 8.156 8.162
94-13 8.123 8.123 8.124 8.124 8.130
94-21 8.092 8.092 8.092 8.093 8.098
94-29 8.060 8.061 8.061 8.062 8.067
95-05 8.029 8.030 8.030 8.030 8.035
95-13 7.998 7.999 7.999 7.999 8.004
95-21 7.968 7.968 7.968 7.969 7.973
95-29 7.937 7.937 7.937 7.938 7.942
96-05 7.906 7.906 7.907 7.907 7.911
96-13 7.876 7.876 7.876 7.877 7.880
96-21 7.845 7.846 7.846 7.846 7.849
96-29 7.815 7.815 7.815 7.816 7.819
97-05 7.785 7.785 7.785 7.786 7.788
WAL 14.482 14.464 14.451 14.427 14.208
Mod Durn 8.454 8.448 8.444 8.436 8.365
Principal Window Aug13 to Oct13 Aug13 to Sep13 Aug13 to Sep13 Jul13 to Sep13 May13 to Jul13
Maturity #mos 175 174 174 174 172
</TABLE>
<PAGE>
COMMERCIAL MORTGAGE ASSET TRUST, SERIES 1999-C1, Class E--Price/Yield
<TABLE>
CUSIP Face $35,625,000.00 Settle at Pricing
Coupon 7.35 Original Balance $35,625,000.00 Accrual begins 3/11/99
Delay 6 Current Balance $35,625,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
<CAPTION>
Price
Yield 0CPR 25CPR 50CPR 75CPR 100CPR
----- ---- ----- ----- ----- ------
<S> <C> <C> <C> <C> <C>
85-16 9.315 9.315 9.318 9.320 9.332
85-24 9.279 9.279 9.282 9.284 9.296
86-00 9.243 9.244 9.247 9.248 9.260
86-08 9.207 9.208 9.211 9.213 9.224
86-16 9.172 9.173 9.175 9.177 9.188
86-24 9.137 9.137 9.140 9.142 9.152
87-00 9.101 9.102 9.105 9.106 9.117
87-08 9.066 9.067 9.070 9.071 9.081
87-16 9.031 9.032 9.035 9.036 9.046
87-24 8.997 8.997 9.000 9.001 9.011
88-00 8.962 8.963 8.965 8.967 8.976
88-08 8.928 8.928 8.931 8.932 8.941
88-16 8.893 8.894 8.896 8.898 8.907
88-24 8.859 8.860 8.862 8.863 8.872
89-00 8.825 8.826 8.828 8.829 8.838
89-08 8.791 8.792 8.794 8.795 8.804
89-16 8.757 8.758 8.760 8.761 8.770
WAL 14.567 14.556 14.512 14.483 14.317
Mod Durn 8.185 8.182 8.169 8.160 8.111
Principal Window Oct13 to Oct13 Sep13 to Oct13 Sep13 to Oct13 Sep13 to Sep13 Jul13 to Jul13
Maturity #mos 175 175 175 174 172
</TABLE>
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