SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: January 21, 1997
(Date of earliest event reported)
MORTGAGE CAPITAL FUNDING, INC.
(Packager and Servicer)
(Issuer in Respect of
Multifamily/Commercial Mortgage Pass-Through Certificates Series 1996-MC2)
(Exact name of registrant as specified in charter)
Delaware 3-25068; 33-63924 13-3408716
-------------------------------------------------------------------------
(State or other juris- (Commission (I.R.S. Employer
diction of organization) File Nos.) Identification No.)
399 Park Avenue, New York, New York 10043
--------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code (212) 793-5880
-------------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since
last report.)
<PAGE>
Item 5. Other Events.
MORTGAGE CAPITAL FUNDING, INC.
Multifamily/Commercial Mortgage
Pass-Through Certificates, Series 1996-MC2
-----------------------------------------------
On December 19, 1996, the Registrant issued the Multifamily/Commercial
Mortgage Pass-Through Certificates, Series 1996-MC2 (the "Certificates")
pursuant to a Pooling and Servicing Agreement, dated as of December 1, 1996 (the
"Agreement").
In connection with the first distribution of principal and interest
payments on the Ceritificates on January 21, 1997, the Trustee under the
Agreement furnished to holders of record of the Certificates a statement. Such
statement is being filed as an exhibit to this report.
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
Exhibit No. Description
----------- -----------
20 Statement to Certificateholders dated January 21, 1997
3
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MORTGAGE CAPITAL FUNDING, INC.
(Registrant)
By: /s/ Richard L. Jarocki, Jr.
-------------------------------
Richard L. Jarocki, Jr.
Vice President
Dated: February 4, 1997
4
<TABLE>
<CAPTION>
<S> <C> <C> <C>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3 WAC: 9.192655%
Chicago, IL 60603 WAMM: 107
====================================================================================================================================
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 2
Other Related Information 3
Asset Backed Facts Sheets 1
Delinquency Loan Detail 1
Mortgage Loan Characteristics 2
Loan Level Listing 5
Total Pages Included In This Package 15
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
====================================================================================================================================
</TABLE>
Page 1 of 15
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3 WAC: 9.192655%
Chicago, IL 60603 WAMM: 107
<CAPTION>
====================================================================================================================================
Original Opening Principal Principal Negative Closing
Class Face Value (1) Balance Payment Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000 Per $1,000 Per $1,000 Per $1,000
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 132,607,079.00 132,607,079.00 375,308.14 0.00 0.00 132,231,770.86
61910DBU5 1000.000000000 1000.000000000 2.830227035 0.000000000 0.000000000 997.169772965
- ------------------------------------------------------------------------------------------------------------------------------------
A-2 24,276,943.00 24,276,943.00 0.00 0.00 0.00 24,276,943.00
61910DBV3 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
A-3 166,045,134.00 166,045,134.00 0.00 0.00 0.00 166,045,134.00
61910DBW1 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
X 458,055,542.00 N 458,055,542.00 0.00 0.00 0.00 457,680,233.86
61910DCJ9 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 999.180649276
- ------------------------------------------------------------------------------------------------------------------------------------
B 27,483,332.00 27,483,332.00 0.00 0.00 0.00 27,483,332.00
61910DBX9 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
C 22,902,777.00 22,902,777.00 0.00 0.00 0.00 22,902,777.00
61910DBY7 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
D 18,322,221.00 18,322,221.00 0.00 0.00 0.00 18,322,221.00
61910DBZ4 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
E 11,451,388.00 11,451,388.00 0.00 0.00 0.00 11,451,388.00
61910DCA8 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
F 25,193,054.00 25,193,054.00 0.00 0.00 0.00 25,193,054.00
61910DCB6 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
G 16,031,943.00 16,031,943.00 0.00 0.00 0.00 16,031,943.00
61910DCC4 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
H 13,741,671.00 13,741,671.00 0.00 0.00 0.00 13,741,671.00
61910DCD2 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
R-11 0.00 0.00 0.00 0.00 0.00 0.00
9ABSA204 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 0.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
458,055,542.00 458,055,542.00 375,308.14 0.00 0.00 457,680,233.86
====================================================================================================================================
</TABLE>
===============================================================================
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
- -------------------------------------------------------------------------------
A-1 746,798.87 0.00 6.75800000%
61910DBU5 5.631666693 0.0000000 6.75800000%
- -------------------------------------------------------------------------------
A-2 139,774.50 0.00 6.90900000%
61910DBV3 5.757500028 0.0000000 6.90900000%
- -------------------------------------------------------------------------------
A-3 969,703.58 0.00 7.00800000%
61910DBW1 5.839999985 0.0000000 7.00800000%
- -------------------------------------------------------------------------------
X 799,865.44 0.00 2.09546320%
61910DCJ9 1.746219326 0.000000000 2.09542628%
- -------------------------------------------------------------------------------
B 163,434.21 0.00 7.13600000%
61910DBX9 5.946666510 0.0000000 7.13600000%
- -------------------------------------------------------------------------------
C 137,874.72 0.00 7.22400000%
61910DBY7 6.020000107 0.0000000 7.22400000%
- -------------------------------------------------------------------------------
D 110,803.63 0.00 7.25700000%
61910DBZ4 6.047499918 0.0000000 7.25700000%
- -------------------------------------------------------------------------------
E 72,792.66 0.00 7.62800000%
61910DCA8 6.356666982 0.0000000 7.62800000%
- -------------------------------------------------------------------------------
F 120,716.72 0.00 5.75000000%
61910DCB6 4.791666782 0.0000000 5.75000000%
- -------------------------------------------------------------------------------
G 76,819.73 0.00 5.75000000%
61910DCC4 4.791666862 0.0000000 5.75000000%
- -------------------------------------------------------------------------------
H 65,845.50 0.00 5.75000000%
61910DCD2 4.791666166 0.0000000 5.75000000%
- -------------------------------------------------------------------------------
R-11 159.73 0.00
9ABSA204 0.000348713 0.000000000
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
3,404,589.29 0.00
===============================================================================
Total P&I Payment 3,779,897.43
==============================
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual
(3) Estimated
Page 2 of 15
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3 WAC: 9.192655%
Chicago, IL 60603 WAMM: 107
<CAPTION>
====================================================================================================================================
Original Opening Principal Principal Negative Closing
Class Face Value (1) Balance Payment Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000 Per $1,000 Per $1,000 Per $1,000
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 132,607,079.00 132,607,079.00 375,308.14 0.00 0.00 132,231,770.86
None 1000.000000000 1000.000000000 2.830227035 0.000000000 0.000000000 997.169772965
- ------------------------------------------------------------------------------------------------------------------------------------
A-2 24,276,943.00 24,276,943.00 0.00 0.00 0.00 24,276,943.00
None 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
A-3 166,045,134.00 166,045,134.00 0.00 0.00 0.00 166,045,134.00
None 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
B 27,483,332.00 27,483,332.00 0.00 0.00 0.00 27,483,332.00
None 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
C 22,902,777.00 22,902,777.00 0.00 0.00 0.00 22,902,777.00
None 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
D 18,322,221.00 18,322,221.00 0.00 0.00 0.00 18,322,221.00
None 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
E 11,451,388.00 11,451,388.00 0.00 0.00 0.00 11,451,388.00
None 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
F 25,193,054.00 25,193,054.00 0.00 0.00 0.00 25,193,054.00
None 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
G 16,031,943.00 16,031,943.00 0.00 0.00 0.00 16,031,943.00
None 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
H 13,741,671.00 13,741,671.00 0.00 0.00 0.00 13,741,671.00
None 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
R-1 0.00 0.00 0.00 0.00 0.00 0.00
9ABSA203 1000.000000000 1000.000000000 0.000000000 0.000000000 0.000000000 0.000000000
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
458,055,542.00 458,055,542.00 375,308.14 0.00 0.00 457,680,233.86
====================================================================================================================================
</TABLE>
================================================================================
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
- --------------------------------------------------------------------------------
A-1 985,582.36 0.00 8.91882119%
None 7.432351029 0.000000000 8.91883787%
- --------------------------------------------------------------------------------
A-2 180,434.76 0.00 8.91882119%
None 7.432350935 0.000000000 8.91883787%
- --------------------------------------------------------------------------------
A-3 1,234,105.72 0.00 8.91882119%
None 7.432351014 0.000000000 8.91883787%
- --------------------------------------------------------------------------------
B 204,265.77 0.00 8.91882119%
None 7.432350997 0.000000000 8.91883787%
- --------------------------------------------------------------------------------
C 170,221.48 0.00 8.91882119%
None 7.432351107 0.000000000 8.91883787%
- --------------------------------------------------------------------------------
D 136,177.18 0.00 8.91882119%
None 7.432351133 0.000000000 8.91883787%
- --------------------------------------------------------------------------------
E 85,110.73 0.00 8.91882119%
None 7.432350559 0.000000000 8.91883787%
- --------------------------------------------------------------------------------
F 187,243.62 0.00 8.91882119%
None 7.432350996 0.000000000 8.91883787%
- --------------------------------------------------------------------------------
G 119,155.03 0.00 8.91882119%
None 7.432351150 0.000000000 8.91883787%
- --------------------------------------------------------------------------------
H 102,132.92 0.00 8.91882119%
None 7.432350840 0.000000000 8.91883787%
- --------------------------------------------------------------------------------
R-1 0.00 0.00
9ABSA203 0.000000000 0.000000000
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
3,404,429.57 0.00
================================================================================
==============================
Total P&I Payment 3,779,737.71
==============================
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual
(3) Estimated
Page 3 of 15
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603 Other Related Information
<CAPTION>
===============================================================================================================================
Aggregate Pool Information
===============================================================================================================================
Beginning loan count: 131
Ending loan count: 131
Beginning scheduled balance of mortgage loans: 458,077,033.44
Less:
1. Scheduled principal received: 375,308.08
2. Unscheduled principal: 0.06
3. Prepayments in full: 0.00
4. Other principal proceeds: 0.00
5. Principal realized losses: 0.00
Ending scheduled balance of mortgage loans: 457,701,725.30
Component Current Shortfall Delinquent Total Rate
- ---------------------------- ------------ --------- ---------- -------------- ---------
<S> <C> <C> <C> <C> <C>
Gross Interest: 2,880,753.76 0.00 628,366.52 3,509,120.28 9.192655%
Less:
1. Servicing fee : 83,133.47 0.00 18,688.17 101,821.63 0.267%
2. Special Servicing fee: 0.00 0.00 0.00 0.00 0.0000%
4. Trustee fee : 2,220.66 0.00 488.69 2,709.35 0.007%
Remittance 2,795,399.63 0.00 609,189.66 3,404,589.29 8.9188%
Less:
1. Net aggregate prepay interest shortfall: 0.00
2. Non-recoverable advances 0.00
3. Other interest reductions: 0.00
(1) Net Pool Interest Remittance: 3,404,589.29
Current Principal Distribution Amount: 375,308.14
Available Distribution Amount for The Current Distribution Date: 3,779,897.43
============================================================================================================================
(1) Does not include prepayment premiums or other penalty related interest
============================================================================================================================
</TABLE>
Page 4 of 15
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603 Other Related Information
<CAPTION>
==========================================================================================================================
Accrued Net Prior Ending Other Actual
Certificate Prepayment Prepayment Unpaid Unpaid Interest Distribution
Class Interest Int. Shortfalls Premiums Interest Interest Shortfalls of Interest
==========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 746,798.87 0.00 0.00 0.00 0.00 0.00 746,798.87
A-2 139,774.50 0.00 0.00 0.00 0.00 0.00 139,774.50
A-3 969,703.58 0.00 0.00 0.00 0.00 0.00 969,703.58
X 799,865.44 0.00 0.00 0.00 0.00 0.00 799,865.44
B 163,434.21 0.00 0.00 0.00 0.00 0.00 163,434.21
C 137,874.72 0.00 0.00 0.00 0.00 0.00 137,874.72
D 110,803.63 0.00 0.00 0.00 0.00 0.00 110,803.63
E 72,792.66 0.00 0.00 0.00 0.00 0.00 72,792.66
F 120,716.72 0.00 0.00 0.00 0.00 0.00 120,716.72
G 76,819.73 0.00 0.00 0.00 0.00 0.00 76,819.73
H 65,845.51 0.00 0.00 0.00 0.00 0.00 65,845.50
==========================================================================================================================
Totals: 3,404,429.57 0.00 0.00 0.00 0.00 0.00 3,404,429.56
==========================================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
Servicing Compensation
----------------------
Type of Master Sub Special
Compensation Servicer Servicer Servicer
================================================================================
Current Accrued Fees: 101,821.63 0.00 0.00
Prepayment Interest Excess: 0.00 0.00 0.00
Penalty Charges: 0.00 0.00 0.00
Assumption Fees: 0.00 0.00 0.00
Modification Fees: 0.00 0.00 0.00
Workout Fees: 0.00 0.00 0.00
Interest on Servicing Advances: 0.00 0.00 0.00
Other Fees: 0.00 0.00 0.00
===============================================================================
Totals: 101,821.63 0.00 0.00
===============================================================================
Page 5 of 15
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603 Other Related Information
<CAPTION>
- --------------------------------------------------------------------------------------------------------------
REO Property Information
------------------------
Principal Date of Amount of
# Collateral Id Date of REO Balance Book Value Final Recovery Proceeds
==============================================================================================================
<S> <C> <C> <C> <C> <C> <C>
1.
2.
3.
4.
5.
No REO Properties to Report as of The Current Prepayment Period
==============================================================================================================
Cumulative realized losses on the Mortgage Pool as of Cutoff: 0.00
Cumulative realized losses on the Certificates as of Cutoff: 0.00
*Cumulative additional trust fund expenses applied to the Certificates since the closing date: 0.00
==============================================================================================================
</TABLE>
* included in cumulative losses on the certificates
Page 6 of 15
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603
<CAPTION>
=================================================================================================
Distribution Delinq 1 Month Delinq 2 Months Delinq 3+ Months Foreclosure/Bankruptcy
--------------- --------------- ----------------- ----------------------
Date # Balance # Balance # Balance # Balance
=================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C>
01/21/97 1 2,649,020 0 0 0 0 0 0
0.76% 0.578% 0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
=================================================================================================
<CAPTION>
=================================================================================================
Distribution REO Modifications Prepayments Curr Weighted Avg.
---------------- -------------- --------------- ------------------
Date # Balance # Balance # Balance Coupon Remit
=================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C>
01/21/97 0 0 0 0 0 0 9.1927% 8.9188%
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
=================================================================================================
</TABLE>
Note: Foreclosure and REO Totals are Included in the Appropriate Delinquency
Aging Category
Page 7 of 15
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603 Delinquent Loan Detail
<CAPTION>
====================================================================================================================================
Disclosure Paid Outstanding Out. Property Advance Special
Doc Thru Current P&I P&I Protection Description Servicer Foreclosure Bankruptcy REO
Control # Group Date Advance Advances** Advances (1) Transfer Date Date Date Date
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Total 0.00 0.00 0.00
====================================================================================================================================
</TABLE>
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
===============================================================================
** Outstanding P&I Advances include the current period P&I Advance
Page 8 of 15
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603 Pool Total
</TABLE>
Distribution of Principal Balances
- --------------------------------------------------------------------------------
Current Scheduled Number Scheduled Based on
Balances of Loans Balance Balance
================================================================================
$0 to $500,000 0 0 0.00%
$500,000 to $1,000,000 8 6,565,161 1.43%
$1,000,000 to $1,500,000 20 24,856,812 5.43%
$1,500,000 to $2,000,000 28 49,908,398 10.90%
$2,000,000 to $2,500,000 12 27,719,944 6.06%
$2,500,000 to $3,000,000 12 32,911,978 7.19%
$3,000,000 to $3,500,000 10 32,602,978 7.12%
$3,500,000 to $4,000,000 3 11,365,822 2.48%
$4,000,000 to $5,000,000 11 48,692,270 10.64%
$5,000,000 to $6,000,000 9 49,010,045 10.71%
$6,000,000 to $7,000,000 6 38,931,770 8.51%
$7,000,000 to $8,000,000 3 21,994,078 4.81%
$8,000,000 to $9,000,000 3 26,248,940 5.73%
$9,000,000 to $10,000,000 2 18,786,852 4.10%
$10,000,000 to $11,000,000 1 10,385,768 2.27%
$11,000,000 to $12,000,000 0 0 0.00%
$12,000,000 to $13,000,000 0 0 0.00%
$13,000,000 to $14,000,000 0 0 0.00%
$14,000,000 to $15,000,000 0 0 0.00%
$15,000,000 & Above 3 57,720,910 12.61%
- --------------------------------------------------------------------------------
Total 131 457,701,725 100.00%
- --------------------------------------------------------------------------------
Average Scheduled Balance is 3,493,906
Maximum Scheduled Balance is 22,671,171
Minimum Scheduled Balance is 716,403
Distribution of Property Types
- --------------------------------------------------------------------------------
Number Scheduled Based on
Property Types of Loans Balance Balance
================================================================================
Retail Facility 53 195,062,805 42.62%
MF- Housing 58 178,970,716 39.10%
Hospitality 4 23,962,269 5.24%
Industrial 6 23,226,285 5.07%
Nursing Home 5 22,367,943 4.89%
Office 3 10,421,446 2.28%
Mobile Home Park 2 3,690,261 0.81%
- --------------------------------------------------------------------------------
Total 131 457,701,725 100.00%
- --------------------------------------------------------------------------------
Distribution of Mortgage Interest Rates
- --------------------------------------------------------------------------------
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
================================================================================
7.000% or less 0 0 0.00%
7.000% to 7.125% 0 0 0.00%
7.125% to 7.375% 0 0 0.00%
7.375% to 7.625% 0 0 0.00%
7.625% to 7.875% 0 0 0.00%
7.875% to 8.125% 3 6,718,781 1.47%
8.125% to 8.375% 7 25,585,745 5.59%
8.375% to 8.625% 10 32,138,240 7.02%
8.625% to 8.875% 22 84,826,312 18.53%
8.875% to 9.125% 30 112,706,970 24.62%
9.125% to 9.375% 28 88,981,984 19.44%
9.375% to 9.625% 14 45,219,652 9.88%
9.625% to 9.875% 8 26,730,049 5.84%
9.875% to 10.125% 8 28,437,776 6.21%
10.125% & Above 1 6,356,217 1.39%
- --------------------------------------------------------------------------------
Total 131 457,701,725 100.00%
- --------------------------------------------------------------------------------
W/Avg Mortgage Interest Rate is 9.0659%
Minimum Mortgage Interest Rate is 8.0100%
Maximum Mortgage Interest Rate is 10.2500%
Geographic Distribution
- --------------------------------------------------------------------------------
Number Scheduled Based on
Geographic Location of Loans Balance Balance
================================================================================
Florida 19 42,843,042 9.36%
Nevada 4 42,113,837 9.20%
North Carolina 14 41,010,653 8.96%
Virginia 5 33,228,803 7.26%
Georgia 7 31,851,291 6.96%
Tennessee 9 29,864,314 6.52%
California 4 29,698,132 6.49%
Michigan 5 25,583,923 5.59%
Texas 8 22,739,212 4.97%
Ohio 9 21,576,262 4.71%
Maryland 4 16,778,049 3.67%
Louisiana 4 15,047,017 3.29%
Alabama 3 13,623,940 2.98%
Pennsylvania 5 13,433,390 2.93%
New Jersey 3 10,375,890 2.27%
Mississippi 5 10,322,893 2.26%
Massachusetts 3 8,891,746 1.94%
Colorado 2 8,877,878 1.94%
Oklahoma 4 8,677,286 1.90%
Connecticut 3 8,016,043 1.75%
New York 4 5,960,503 1.30%
Washington 1 4,377,243 0.96%
Iowa 1 3,267,365 0.71%
Indiana 1 2,974,151 0.65%
Utah 1 2,699,078 0.59%
South Carolina 2 2,049,650 0.45%
Delaware 1 1,820,135 0.40%
- --------------------------------------------------------------------------------
Total 131 457,701,725 100.00%
- --------------------------------------------------------------------------------
Page 9 of 15
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603 Pool Total
</TABLE>
Loan Seasoning
- --------------------------------------------------------------------------------
Number Scheduled Based on
Number of Years of Loans Balance Balance
================================================================================
1 year or less 124 429,591,348 93.86%
1+ to 2 years 2 3,766,245 0.82%
2+ to 3 years 5 24,344,132 5.32%
3+ to 4 years 0 0 0.00%
4+ to 5 years 0 0 0.00%
5+ to 6 years 0 0 0.00%
6+ to 7 years 0 0 0.00%
7+ to 8 years 0 0 0.00%
8+ to 9 years 0 0 0.00%
9+ to 10 years 0 0 0.00%
10 years or more 0 0 0.00%
- --------------------------------------------------------------------------------
Total 131 457,701,725 100.00%
- --------------------------------------------------------------------------------
Weighted Average Seasoning is 0.5
Distribution of Remaining Term
Fully Amortizing
- --------------------------------------------------------------------------------
Fully Amortizing Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
================================================================================
60 months or less 0 0 0.00%
61 to 120 months 1 1,229,336 0.27%
121 to 180 months 3 6,330,422 1.38%
181 to 240 months 0 0 0.00%
241 to 360 months 0 0 0.00%
- --------------------------------------------------------------------------------
Total 4 7,559,758 1.65%
- --------------------------------------------------------------------------------
Weighted Average Months to Maturity is 143
Distribution of DSCR
- --------------------------------------------------------------------------------
Debt Service Number Scheduled Based on
Coverage Ratio(1) of Loans Balance Balance
================================================================================
0.500 or less 1 1,864,714 0.41%
0.500 to 0 0.625 0 0 0.00%
0.625 to 5 0.750 1 793,167 0.17%
0.750 to 0 0.875 1 4,377,243 0.96%
0.875 to 5 1.000 3 22,408,820 4.90%
1.000 to 0 1.125 6 14,703,129 3.21%
1.125 to 5 1.250 11 47,871,491 10.46%
1.250 to 0 1.375 24 113,438,656 24.78%
1.375 to 5 1.500 27 62,402,855 13.63%
1.500 to 0 1.625 19 47,406,813 10.36%
1.625 to 5 1.750 12 31,819,329 6.95%
1.750 to 0 1.875 8 31,656,351 6.92%
1.875 to 5 2.000 3 16,322,413 3.57%
2.000 to 0 2.125 1 1,194,692 0.26%
2.125 & above 6 18,759,027 4.10%
Unknown 8 42,683,025 9.33%
- --------------------------------------------------------------------------------
Total 131 457,701,725 100.00%
- --------------------------------------------------------------------------------
Weighted Average Debt Service Coverage Ratio is 1.444
Distribution of Amortization Type
- --------------------------------------------------------------------------------
Number Scheduled Based on
Amortization Type of Loans Balance Balance
================================================================================
Fully Amortizing 4 7,559,758 1.65%
Amortizing Balloon 127 450,141,967 98.35%
- --------------------------------------------------------------------------------
Total 131 457,701,725 100.00%
- --------------------------------------------------------------------------------
Distribution of Remaining Term
Balloon Loans
- --------------------------------------------------------------------------------
Balloon Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
================================================================================
12 months or less 0 0 0.00%
13 to 24 months 0 0 0.00%
25 to 36 months 0 0 0.00%
37 to 48 months 1 5,784,648 1.26%
49 to 60 months 2 9,495,564 2.07%
61 to 120 months 123 432,976,972 94.60%
121 to 180 months 1 1,884,783 0.41%
181 to 240 months 0 0 0.00%
- --------------------------------------------------------------------------------
Total 127 450,141,967 98.35%
- --------------------------------------------------------------------------------
Weighted Average Months to Maturity is 106
NOI Aging
- --------------------------------------------------------------------------------
Number Scheduled Based on
NOI Date of Loans Balance Balance
================================================================================
1 year or less 0 0 0.00%
1 to 2 years 131 457,701,725 100.00%
2 Years or More 0 0 0.00%
Unknown 0 0 0.00%
- -------------------------------------------------------------------------------
Total 131 457,701,725 100.00%
- -------------------------------------------------------------------------------
(1) Debt Service Coverage Ratios are calculated as described in the prospectus,
values are updated periodically as new NOI figures became available from
borrowers on an asset level.
Neither the Trustee, Servicer, Special Servicer or Underwriter makes any
representation as to the accuracy of the data provided by the borrower for
this calculation.
Page 10 of 15
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603
<CAPTION>
Loan Level Detail
==================================================================================================================
Property Operating
Disclosure Type Maturity Statement
Control # Group Code Date DSCR NOI Date
==================================================================================================================
<S> <C> <C> <C> <C> <C> <C>
C001 MCF96MC2 Retail Facility 5/1/06 (6,130) 12/31/95
C002 MCF96MC2 Retail Facility 10/1/06 0.970 1,511,015 12/31/95
C003 MCF96MC2 Retail Facility 9/1/06 1.170 1,081,193 12/31/95
C004 MCF96MC2 Retail Facility 9/1/06 1.360 1,245,778 12/31/95
C005 MCF96MC2 Retail Facility 7/1/06 1.220 1,104,215 12/31/95
C008 MCF96MC2 Retail Facility 9/1/06 1.280 950,947 12/31/95
C016 MCF96MC2 Retail Facility 9/1/06 1.520 528,522 12/31/95
C019 MCF96MC2 Retail Facility 7/1/11 1.080 378,469 12/31/95
C029 MCF96MC2 Retail Facility 7/31/06 1.670 399,628 12/31/95
C035 MCF96MC2 Retail Facility 10/1/11 12/31/95
C046 MCF96MC2 Retail Facility 9/1/03 1.270 305,424 12/31/95
C047 MCF96MC2 Retail Facility 12/1/06 1.730 215,995 12/31/95
C051 MCF96MC2 Retail Facility 7/31/06 1.300 155,516 12/31/95
C052 MCF96MC2 Retail Facility 9/1/06 1.390 163,441 12/31/95
C056 MCF96MC2 MF- Housing 9/1/06 1.840 1,190,109 12/31/95
C059 MCF96MC2 MF- Housing 2/1/04 1.440 858,929 12/31/95
C062 MCF96MC2 MF- Housing 8/1/06 1.420 686,897 12/31/95
C066 MCF96MC2 MF- Housing 8/1/06 1.480 662,187 12/31/95
C067 MCF96MC2 MF- Housing 11/1/06 1.150 453,320 12/31/95
C070 MCF96MC2 MF- Housing 9/1/06 1.340 413,178 12/31/95
C072 MCF96MC2 MF- Housing 11/1/01 0.900 300,276 12/31/95
C073 MCF96MC2 MF- Housing 8/1/06 1.490 478,723 12/31/95
C074 MCF96MC2 MF- Housing 10/1/06 1.270 383,918 12/31/95
C075 MCF96MC2 MF- Housing 7/1/06 1.290 362,287 12/31/95
C076 MCF96MC2 MF- Housing 7/1/04 1.470 409,401 12/31/95
C078 MCF96MC2 MF- Housing 9/1/06 1.110 262,146 12/31/95
C081 MCF96MC2 MF- Housing 8/1/06 1.420 313,509 12/31/95
C083 MCF96MC2 MF- Housing 10/1/06 1.440 269,150 12/31/95
C084 MCF96MC2 MF- Housing 2/1/02 1.430 290,256 12/31/95
==================================================================================================================
<CAPTION>
==================================================================================================================
Ending Loan
Disclosure Principal Note Scheduled Prepayment Status
Control # Balance Rate P&I Prepayment Date Code (1)
==================================================================================================================
<S> <C> <C> <C> <C> <C> <C>
C001 19,411,252 8.930% 155,920 (0.01)
C002 15,638,487 9.150% 129,570
C003 9,707,594 8.800% 76,894
C004 9,079,258 9.490% 76,430
C005 8,847,213 9.490% 75,583 (0.01)
C008 7,180,598 9.510% 61,853
C016 3,270,581 10.100% 28,995
C019 2,788,562 9.210% 29,094 0.01
C029 2,191,513 9.960% 19,929
C035 1,884,783 8.320% 18,211
C046 1,229,336 8.170% 19,981 0.01
C047 1,223,938 9.170% 10,423
C051 1,095,757 9.960% 9,965
C052 1,093,219 8.860% 9,798
C056 7,181,218 8.190% 53,788 0.02
C059 6,364,842 8.375% 49,595 (0.13)
C062 4,778,341 9.020% 40,347
C066 4,466,847 8.900% 37,352 0.01
C067 4,244,885 8.550% 32,830
C070 3,267,365 8.740% 25,741 0.01
C072 3,139,347 10.000% 27,907 (0.02)
C073 3,136,134 9.170% 26,802
C074 2,991,912 9.000% 25,176
C075 2,936,787 8.820% 23,332
C076 2,699,078 9.000% 23,322
C078 2,444,575 8.990% 19,696 0.01
C081 2,155,391 9.120% 18,347 0.01
C083 1,926,820 9.010% 15,543 0.02
C084 1,901,531 10.000% 16,876
==================================================================================================================
</TABLE>
* NOI and DSCR, if available and reportable under the terms of the trust
agreement, are based on information obtained from the related borrower,and
no other party to the agreement shall be held liable for the accuracy or
methodology used to determine such figures.
- -------------------------------------------------------------------------------
(1) Legend: A. P&I Adv - in Grace Period 5. Prepaid in Full
B. P&I Adv - < one month delinq 6. Specially Serviced
1. P&I Adv - delinquent 1 month 7. Foreclosure
2. P&I Adv - delinquent 2 month 8. Bankruptcy
3. P&I Adv - delinquent 3+ month 9. REO
4. Mat. Balloon/Assumed P&I 10. DPO
11. Modification
================================================================================
Page 11 of 15
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603
<CAPTION>
Loan Level Detail
==================================================================================================================
Property Operating
Disclosure Type Maturity Statement
Control # Group Code Date DSCR NOI Date
==================================================================================================================
<S> <C> <C> <C> <C> <C> <C>
C085 MCF96MC2 Mobile Home Park 10/1/06 1.480 284,925 12/31/95
C087 MCF96MC2 MF- Housing 9/1/06 1.420 266,859 12/31/95
C088 MCF96MC2 MF- Housing 9/1/06 1.390 248,967 12/31/95
C089 MCF96MC2 Mobile Home Park 7/1/06 1.440 267,164 12/31/95
C091 MCF96MC2 MF- Housing 7/1/06 1.560 242,074 12/31/95
C092 MCF96MC2 MF- Housing 11/1/06 1.940 300,163 12/31/95
C093 MCF96MC2 MF- Housing 7/1/06 1.470 242,153 12/31/95
C096 MCF96MC2 MF- Housing 11/1/06 1.700 256,192 12/31/95
C097 MCF96MC2 MF- Housing 8/1/06 1.610 247,006 12/31/95
C098A MCF96MC2 MF- Housing 7/1/06 1.360 102,845 12/31/95
C098B MCF96MC2 MF- Housing 7/1/06 1.510 123,380 12/31/95
C100 MCF96MC2 MF- Housing 7/1/06 1.790 237,985 12/31/95
C102 MCF96MC2 MF- Housing 11/1/06 12/31/95
C103 MCF96MC2 MF- Housing 8/1/06 1.830 214,184 12/31/95
C104 MCF96MC2 MF- Housing 8/1/06 2.120 258,804 12/31/95
C105 MCF96MC2 MF- Housing 8/1/06 1.430 178,003 12/31/95
C106 MCF96MC2 MF- Housing 8/1/06 1.290 153,983 12/31/95
C107 MCF96MC2 MF- Housing 8/1/06 1.240 144,642 12/31/95
C109 MCF96MC2 MF- Housing 10/1/06 1.490 124,161 12/31/95
C111 MCF96MC2 MF- Housing 9/1/06 1.370 100,846 12/31/95
C112 MCF96MC2 MF- Housing 7/1/06 1.520 117,293 12/31/95
C113 MCF96MC2 Office 11/1/06 12/31/95
C114 MCF96MC2 Office 10/1/06 0.970 370,966 12/31/95
C115 MCF96MC2 Office 12/1/06 1.100 278,000 12/31/95
C116 MCF96MC2 Industrial 11/1/01 1.530 1,189,679 12/31/95
C117 MCF96MC2 Industrial 4/1/00 1.260 824,279 12/31/95
C118 MCF96MC2 Industrial 8/1/06 12/31/95
C121 MCF96MC2 Industrial 11/1/06 1.400 205,180 12/31/95
N006 MCF96MC2 Retail Facility 10/1/06 1.140 945,160 12/31/95
=====================================================================================================================
<CAPTION>
==================================================================================================================
Ending Loan
Disclosure Principal Note Scheduled Prepayment Status
Control # Balance Rate P&I Prepayment Date Code (1)
==================================================================================================================
<S> <C> <C> <C> <C> <C> <C>
C085 1,870,126 9.220% 16,018
C087 1,860,252 8.990% 15,655 (0.01)
C088 1,845,963 9.060% 14,965 0.01
C089 1,820,135 9.070% 15,445 (0.01)
C091 1,644,116 8.680% 12,898 0.04
C092 1,596,894 8.510% 12,894
C093 1,591,696 9.300% 13,757 0.03
C096 1,497,261 8.970% 12,577
C097 1,493,397 9.170% 12,763 (0.02)
C098A 716,403 9.530% 6,306 (0.04)
C098B 776,104 9.530% 6,831 0.01
C100 1,374,884 8.990% 11,090 (0.03)
C102 1,197,666 8.500% 9,663
C103 1,196,741 9.100% 9,742
C104 1,194,692 9.140% 10,186
C105 1,185,016 9.470% 10,372 (0.02)
C106 1,135,226 9.470% 9,936 0.01
C107 1,115,270 9.420% 9,723
C109 848,637 9.140% 6,925 0.01
C111 773,215 8.800% 6,125 (0.02)
C112 731,322 9.520% 6,432
C113 4,292,664 9.290% 36,943
C114 3,630,986 9.510% 31,828 0.02
C115 2,497,796 9.070% 21,100
C116 6,356,217 10.250% 64,788 0.02
C117 5,784,648 9.900% 53,997
C118 4,181,695 9.230% 35,910 (0.01)
C121 1,447,421 9.040% 12,208
N006 8,410,768 9.190% 68,902 0.01
==================================================================================================================
</TABLE>
* NOI and DSCR, if available and reportable under the terms of the trust
agreement, are based on information obtained from the related borrower,and
no other party to the agreement shall be held liable for the accuracy or
methodology used to determine such figures.
- -------------------------------------------------------------------------------
(1) Legend: A. P&I Adv - in Grace Period 5. Prepaid in Full
B. P&I Adv - < one month delinq 6. Specially Serviced
1. P&I Adv - delinquent 1 month 7. Foreclosure
2. P&I Adv - delinquent 2 month 8. Bankruptcy
3. P&I Adv - delinquent 3+ month 9. REO
4. Mat. Balloon/Assumed P&I 10. DPO
11. Modification
================================================================================
Page 12 of 15
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603
<CAPTION>
Loan Level Detail
==================================================================================================================
Property Operating
Disclosure Type Maturity Statement
Control # Group Code Date DSCR NOI Date
==================================================================================================================
<S> <C> <C> <C> <C> <C> <C>
N007 MCF96MC2 Retail Facility 10/1/06 1.330 1,059,111 12/31/95
N009 MCF96MC2 Retail Facility 9/1/06 12/31/95
N010 MCF96MC2 Retail Facility 8/1/03 1.360 760,318 12/31/95
N011 MCF96MC2 Retail Facility 4/1/06 1.300 744,939 12/31/95
N012 MCF96MC2 Retail Facility 6/1/06 0.840 376,787 12/31/95
N013 MCF96MC2 Retail Facility 7/1/06 1.990 850,609 12/31/95
N014 MCF96MC2 Retail Facility 10/1/06 1.800 709,163 12/31/95
N015 MCF96MC2 Retail Facility 10/1/06 1.550 542,096 12/31/95
N017 MCF96MC2 Retail Facility 9/1/06 1.100 338,492 12/31/95
N018 MCF96MC2 Retail Facility 4/1/06 12/31/95
N020 MCF96MC2 Retail Facility 3/1/06 1.380 417,742 12/31/95
N021 MCF96MC2 Retail Facility 6/1/06 1.380 381,093 12/31/95
N022 MCF96MC2 Retail Facility 9/1/06 1.160 341,995 12/31/95
N023 MCF96MC2 Retail Facility 7/1/06 1.460 372,305 12/31/95
N024 MCF96MC2 Retail Facility 3/1/06 1.420 361,392 12/31/95
N025 MCF96MC2 Retail Facility 9/1/06 1.360 355,291 12/31/95
N026 MCF96MC2 Retail Facility 6/1/06 1.580 399,202 12/31/95
N027 MCF96MC2 Retail Facility 7/1/03 1.490 374,786 12/31/95
N028 MCF96MC2 Retail Facility 7/1/06 2.150 509,200 12/31/95
N030 MCF96MC2 Retail Facility 8/1/06 1.070 294,324 12/31/95
N031 MCF96MC2 Retail Facility 8/1/06 1.620 360,472 12/31/95
N032 MCF96MC2 Retail Facility 10/1/06 1.270 237,606 12/31/95
N033 MCF96MC2 Retail Facility 8/1/06 1.510 288,972 12/31/95
N034 MCF96MC2 Retail Facility 6/1/06 1.820 342,095 12/31/95
N036 MCF96MC2 Retail Facility 10/1/08 1.380 356,001 12/31/95
N037 MCF96MC2 Retail Facility 10/1/06 1.330 225,624 12/31/95
N038 MCF96MC2 Retail Facility 4/1/06 1.090 192,803 12/31/95
N039 MCF96MC2 Retail Facility 4/1/06 12/31/95
N040 MCF96MC2 Retail Facility 10/1/08 1.630 406,853 12/31/95
==================================================================================================================
<CAPTION>
==================================================================================================================
Ending Loan
Disclosure Principal Note Scheduled Prepayment Status
Control # Balance Rate P&I Prepayment Date Code (1)
==================================================================================================================
<S> <C> <C> <C> <C> <C> <C>
N007 7,632,262 9.310% 66,536 (0.01)
N009 6,988,271 9.060% 56,626
N010 5,506,853 9.060% 46,613
N011 5,466,728 8.370% 47,709 0.01
N012 4,377,243 9.170% 37,438
N013 4,339,752 8.640% 35,561 0.01
N014 3,742,710 9.510% 32,790 0.01
N015 3,492,202 8.930% 29,204
N017 3,019,738 9.150% 25,730 0.01
N018 2,974,151 8.750% 24,664 0.01
N020 2,737,837 9.170% 25,317 (0.03)
N021 2,737,227 8.920% 22,946
N022 2,685,332 9.150% 24,554
N023 2,594,903 8.640% 21,263 0.01
N024 2,574,692 8.670% 21,235 0.01
N025 2,542,475 9.240% 21,820 0.01
N026 2,440,618 9.280% 21,058 (0.01)
N027 2,419,073 9.350% 20,969
N028 2,410,973 8.640% 19,756 (0.02)
N030 2,168,169 8.960% 23,025 (0.01)
N031 2,097,135 9.630% 18,573
N032 1,947,600 8.940% 15,644
N033 1,942,192 8.720% 15,992 0.01
N034 1,938,362 8.500% 15,702 (0.01)
N036 1,799,112 9.730% 21,460
N037 1,797,729 8.720% 14,122
N038 1,784,288 8.670% 14,701 0.02
N039 1,752,543 8.660% 14,428
N040 1,742,748 9.730% 20,788
==================================================================================================================
</TABLE>
* NOI and DSCR, if available and reportable under the terms of the trust
agreement, are based on information obtained from the related borrower,and
no other party to the agreement shall be held liable for the accuracy or
methodology used to determine such figures.
- -------------------------------------------------------------------------------
(1) Legend: A. P&I Adv - in Grace Period 5. Prepaid in Full
B. P&I Adv - < one month delinq 6. Specially Serviced
1. P&I Adv - delinquent 1 month 7. Foreclosure
2. P&I Adv - delinquent 2 month 8. Bankruptcy
3. P&I Adv - delinquent 3+ month 9. REO
4. Mat. Balloon/Assumed P&I 10. DPO
11. Modification
================================================================================
Page 13 of 15
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603
<CAPTION>
Loan Level Detail
==================================================================================================================
Property Operating
Disclosure Type Maturity Statement
Control # Group Code Date DSCR NOI Date
==================================================================================================================
<S> <C> <C> <C> <C> <C> <C>
N041 MCF96MC2 Retail Facility 7/1/06 1.300 234,405 12/31/95
N042 MCF96MC2 Retail Facility 6/1/06 1.610 281,447 12/31/95
N043 MCF96MC2 Retail Facility 8/1/06 1.240 264,848 12/31/95
N044 MCF96MC2 Retail Facility 9/1/06 1.570 261,762 12/31/95
N045 MCF96MC2 Retail Facility 10/1/06 1.610 219,264 12/31/95
N048 MCF96MC2 Retail Facility 7/1/06 1.280 153,908 12/31/95
N049 MCF96MC2 Retail Facility 4/1/06 1.630 190,138 12/31/95
N050 MCF96MC2 Retail Facility 3/1/06 1.490 195,261 12/31/95
N053 MCF96MC2 Retail Facility 6/1/03 1.690 179,562 12/31/95
N054 MCF96MC2 MF- Housing 10/1/03 1.280 2,724,756 12/31/95
N055 MCF96MC2 MF- Housing 10/1/03 1.270 1,082,443 12/31/95
N057 MCF96MC2 MF- Housing 8/1/06 1.330 864,782 12/31/95
N058 MCF96MC2 MF- Housing 6/1/06 1.690 1,114,139 12/31/95
N060 MCF96MC2 MF- Housing 12/1/06 1.300 724,176 12/31/95
N063 MCF96MC2 MF- Housing 8/1/06 1.650 743,091 12/31/95
N064 MCF96MC2 MF- Housing 2/1/06 1.650 677,547 12/31/95
N065 MCF96MC2 MF- Housing 7/1/03 1.180 506,081 12/31/95
N068 MCF96MC2 MF- Housing 6/1/06 2.360 1,010,416 12/31/95
N069 MCF96MC2 MF- Housing 9/1/06 1.560 575,459 12/31/95
N071 MCF96MC2 MF- Housing 8/1/06 1.250 388,423 12/31/95
N077 MCF96MC2 MF- Housing 12/1/06 1.540 375,899 12/31/95
N079 MCF96MC2 MF- Housing 11/1/03 1.630 361,406 12/31/95
N080 MCF96MC2 MF- Housing 4/1/03 1.410 297,897 12/31/95
N082 MCF96MC2 MF- Housing 6/1/06 2.530 516,189 12/31/95
N086 MCF96MC2 MF- Housing 4/1/02 0.180 36,727 12/31/95
N090 MCF96MC2 MF- Housing 11/1/06 1.390 234,023 12/31/95
N094 MCF96MC2 MF- Housing 11/1/06 1.190 175,059 12/31/95
N095 MCF96MC2 MF- Housing 10/1/06 1.670 260,834 12/31/95
N099 MCF96MC2 MF- Housing 11/1/06 1.420 187,614 12/31/95
=====================================================================================================================
<CAPTION>
==================================================================================================================
Ending Loan
Disclosure Principal Note Scheduled Prepayment Status
Control # Balance Rate P&I Prepayment Date Code (1)
==================================================================================================================
<S> <C> <C> <C> <C> <C> <C>
N041 1,732,028 9.400% 15,073
N042 1,706,211 9.110% 14,523 0.01
N043 1,675,403 8.960% 17,792
N044 1,630,123 9.190% 13,934 (0.01)
N045 1,277,208 9.670% 11,331
N048 1,169,967 9.150% 9,982 0.01
N049 1,122,728 8.290% 9,742 0.01
N050 1,116,436 8.010% 10,933
N053 926,922 9.760% 8,875 (0.01)
N054 22,671,171 8.700% 177,771
N055 8,990,959 8.805% 71,173
N057 6,727,395 8.990% 54,191 0.01
N058 6,447,309 9.110% 54,937
N060 6,047,736 8.470% 46,391
N063 4,690,327 8.930% 37,581
N064 4,602,954 8.050% 34,194 (0.01)
N065 4,543,688 8.665% 35,597 0.02
N068 4,173,875 9.160% 35,708
N069 3,992,126 8.510% 30,785
N071 3,191,201 9.040% 25,840
N077 2,649,020 8.500% 20,376
N079 2,372,777 8.660% 18,532
N080 2,336,109 8.240% 17,638 0.01
N082 1,987,559 9.160% 17,004
N086 1,864,714 9.530% 16,640 0.08
N090 1,697,280 8.820% 14,057
N094 1,558,183 8.710% 12,228
N095 1,518,051 9.230% 13,013 (0.01)
N099 1,398,734 8.780% 11,044 0.01
==================================================================================================================
</TABLE>
* NOI and DSCR, if available and reportable under the terms of the trust
agreement, are based on information obtained from the related borrower,and
no other party to the agreement shall be held liable for the accuracy or
methodology used to determine such figures.
- -------------------------------------------------------------------------------
(1) Legend: A. P&I Adv - in Grace Period 5. Prepaid in Full
B. P&I Adv - < one month delinq 6. Specially Serviced
1. P&I Adv - delinquent 1 month 7. Foreclosure
2. P&I Adv - delinquent 2 month 8. Bankruptcy
3. P&I Adv - delinquent 3+ month 9. REO
4. Mat. Balloon/Assumed P&I 10. DPO
11. Modification
================================================================================
Page 14 of 15
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603
<CAPTION>
Loan Level Detail
==================================================================================================================
Property Operating
Disclosure Type Maturity Statement
Control # Group Code Date DSCR NOI Date
==================================================================================================================
<S> <C> <C> <C> <C> <C> <C>
N101 MCF96MC2 MF- Housing 6/1/06 3.100 411,257 12/31/95
N108 MCF96MC2 MF- Housing 2/1/06 1.610 143,045 12/31/95
N110 MCF96MC2 MF- Housing 10/1/06 0.640 49,831 12/31/95
N119 MCF96MC2 Industrial 4/1/06 1.620 516,580 12/31/95
N120 MCF96MC2 Industrial 3/1/03 1.560 414,945 12/31/95
N122 MCF96MC2 Hospitality 8/1/06 1.920 2,272,402 12/31/95
N123 MCF96MC2 Hospitality 8/1/06 1.810 1,064,979 12/31/95
N124 MCF96MC2 Hospitality 9/1/06 1.820 1,069,318 12/31/95
N125 MCF96MC2 Hospitality 9/1/06 2.280 863,194 12/31/95
N126 MCF96MC2 Nursing Home 7/1/03 1.770 1,159,350 12/31/95
N127 MCF96MC2 Nursing Home 5/1/03 2.270 1,288,165 12/31/95
N128 MCF96MC2 Nursing Home 3/1/06 1.620 903,597 12/31/95
N129 MCF96MC2 Nursing Home 6/1/03 1.720 626,848 12/31/95
N130 MCF96MC2 Nursing Home 7/1/06 1.210 234,819 12/31/95
N061 MCF96MC2 MF- Housing 11/1/03 1.270 592,826 12/31/95
==================================================================================================================
<CAPTION>
==================================================================================================================
Ending Loan
Disclosure Principal Note Scheduled Prepayment Status
Control # Balance Rate P&I Prepayment Date Code (1)
==================================================================================================================
<S> <C> <C> <C> <C> <C> <C>
N101 1,291,914 9.160% 11,052 0.01
N108 999,391 8.050% 7,424 0.03
N110 793,167 9.250% 6,532
N119 3,270,489 8.520% 26,617 0.06
N120 2,185,816 8.505% 22,163 (0.07)
N122 10,385,768 9.690% 98,708 (0.01)
N123 5,168,038 9.690% 49,118 (0.01)
N124 5,075,344 9.920% 48,946
N125 3,333,119 9.650% 31,555 0.01
N126 5,979,055 9.990% 54,480 (0.01)
N127 5,561,587 8.940% 47,265 (0.01)
N128 5,452,546 8.990% 46,613
N129 3,482,802 9.400% 30,336
N130 1,891,954 9.199% 16,204 (0.01)
N061 5,015,246 8.620% 39,027
457,701,725 3,884,428 0
==================================================================================================================
</TABLE>
* NOI and DSCR, if available and reportable under the terms of the trust
agreement, are based on information obtained from the related borrower,and
no other party to the agreement shall be held liable for the accuracy or
methodology used to determine such figures.
- -------------------------------------------------------------------------------
(1) Legend: A. P&I Adv - in Grace Period 5. Prepaid in Full
B. P&I Adv - < one month delinq 6. Specially Serviced
1. P&I Adv - delinquent 1 month 7. Foreclosure
2. P&I Adv - delinquent 2 month 8. Bankruptcy
3. P&I Adv - delinquent 3+ month 9. REO
4. Mat. Balloon/Assumed P&I 10. DPO
11. Modification
================================================================================
Page 15 of 15
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603
<CAPTION>
Specially Serviced Loan Detail
==========================================================================================================================
Beginning Specially
Disclosure Scheduled Interest Maturity Property Serviced
Control # Balance Rate Date Type Status Code (1) Comments
==========================================================================================================================
<S> <C> <C> <C> <C> <C> <C>
==========================================================================================================================
(1)Legend :1) Request for waiver of Prepayment Penalty 5) Loan in Process of Foreclosure
2) Payment default 6) Loan now REO Property
3) Request for Loan Modification or Workout 7) Loans Paid Off
4) Loan with Borrower Bankruptcy 8) Loans Returned to Master Servicer
==========================================================================================================================
</TABLE>
Appendix A
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603
<CAPTION>
Modified Loan Detail
==========================================================================================================================
Disclosure Modification Modification
Control # Date Description
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
==========================================================================================================================
</TABLE>
Appendix B
<PAGE>
<TABLE>
ABN AMRO Mortgage Capital Funding, Inc. Statement Date: 01/21/97
LaSalle National Bank Citicorp Real Estate, Inc. Payment Date: 01/21/97
NationsBanc Mortgage Capital Corp. Prior Payment: NA
Administrator: GMAC Commercial Mortgage Corporation Record Date: 12/31/96
Amy Bulger (800) 246-5761 Series 1996-MC2
135 S. LaSalle Street Suite 1740 ABN AMRO Acct: 67-7651-90-3
Chicago, IL 60603
<CAPTION>
Realized Loss Detail
====================================================================================================================================
Beginning Gross Proceeds Aggregate Net Net Proceeds
Dist. Disclosure Appraisal Appraisal Scheduled Gross as a % of Liquidation Liquidation as a % of Realized
Date Control # Date Value Balance Proceeds Sched Principal Expenses * Proceeds Sched. Balance Loss
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
Current Total 0.00 0.00 0.00 0.00 0.00
Cumulative 0.00 0.00 0.00 0.00 0.00
===================================================================================================================================
</TABLE>
* Aggregate liquidation expenses also include outstanding P&I advances and
unpaid servicing fees, unpaid trustee fees, etc..
Appendix C
