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Previous: SOUND SOURCE INTERACTIVE INC /DE/, 10QSB/A, 1999-01-08 |
Next: MMCA AUTO RECEIVABLES INC, S-1/A, 1999-01-08 |
<PAGE>
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report: January 8, 1999
- ---------------------------------
(Date of earliest event reported)
BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES INC.
--------------------------------------------------------------
(Exact name of registrant as specified in its charter)
<TABLE>
<CAPTION>
<S> <C> <C>
DELAWARE 333-61783 3411414
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer Identification No.)
of Incorporation)
</TABLE>
245 Park Avenue, New York, NY 10167
--------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: (212) 272-2000
ITEM 5. OTHER EVENTS
Attached as Exhibit 99 to this Current Report are certain
materials (Collateral and Structural Term Sheets and Computational Materials)
furnished to the Registrant by Bear, Stearns & Co. Inc. (the "Underwriter") in
connection with the Registrant's proposed offering of certain classes of its
Commercial Mortgage Pass-Through Certificates, Series 1999-C1 (the
"Certificates"). The Certificates will be offered pursuant to a Prospectus and
related Prospectus Supplement (together, the "Prospectus") which will be filed
with the Commission pursuant to Rule 424 under the Securities Act of 1933, as
amended (the "Act"). The offering of the Certificates will be registered
pursuant to the Act under the Registrant's Registration Statement on Form S-3
(No. 333-61783) (the "Registration Statement"). These Collateral and Structural
Term Sheets and Computational Materials will be incorporated by reference in
the Registration Statement.
The Collateral and Structural Term Sheets and Computational
Materials were prepared solely by the Underwriter, and the Registrant did not
prepare or participate in the preparation thereof.
Any statement or information contained in the Collateral and
Structural Term Sheets or Computational Materials may be modified or superseded
by subsequent similar materials or, 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
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
Exhibit 99 Term Sheets.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on behalf of
the Registrant by the undersigned thereunto duly authorized.
BEAR STEARNS COMMERCIAL MORTGAGE
SECURITIES INC.
By: /s/ James G. Reichek
-------------------------------
Name: James G. Reichek
Title: Executive Vice President
Date: January 8, 1999
2
<PAGE>
EXHIBIT INDEX
Item 601(a) of Regulation S-K
<TABLE>
<CAPTION>
Exhibit No. Description Page
- ----------- ----------- ----
<S> <C> <C>
99 Collateral and Structural Term Sheets and Computational Materials
</TABLE>
3
<PAGE>
- -------------------------------------------------------------------------------
STRUCTURAL AND COLLATERAL TERM SHEETS AND
COMPUTATIONAL MATERIALS
BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES INC. (DEPOSITOR)
Commercial Mortgage Pass-Through Certificates, Series 1999-C1
- -------------------------------------------------------------------------------
Legend
Prospective investors are advised to read carefully, and should rely
solely on, the information contained in the final prospectus supplement to the
prospectus dated August 18, 1998 relating to certain classes of certificates
referred to above (the "Certificates") in making their investment decision.
The information contained in this Exhibit 99 should be reviewed only
in conjunction with a careful review of such prospectus supplement and
prospectus. Such information does not include any information relating to the
structure of the Certificates and does not include all relevant information
relating to the underlying Mortgage Loans. Particular attention should be paid
to the risks and special considerations associated with an investment in the
Certificates described in such prospectus supplement and prospectus. The
information contained in this Exhibit 99 should not be viewed as projections,
forecasts, predictions or opinions with respect to value.
Any information contained in this Exhibit 99 is subject to completion
or amendment. Furthermore, any information contained in this Exhibit 99 will be
more fully described in the final prospectus supplement and prospectus, and
such information contained herein will be fully superseded thereby. Prior to
making any investment decision, a prospective investor should receive and
carefully review such prospectus supplement and prospectus.
NOTHING IN THIS EXHIBIT 99 SHOULD BE CONSIDERED AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY THE CERTIFICATES.
4
<PAGE>
<TABLE>
<CAPTION>
Loan # Property ID Loan Name Property Name Original Balance
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
11969 Founders Plaza & Tower 14 20,900,000.00
11969 A Founders Plaza
11969 B Tower 14
16464 A Stonecrest Stonecrest 18,000,000.00
9691 A Clemens Place Apartments Clemens Place Apartments 14,100,000.00
16462 A South Bay Marketplace South Bay Marketplace 11,600,000.00
9060 A First Plus I First Plus 11,300,000.00
8484 A Eden Center Eden Center 11,000,000.00
11408 Unitel Video, Inc. 10,750,000.00
11408 A Unitel Video, Inc.
11408 B Unitel Video, Inc.
16363 A Clarendon Apartments Claredon Apartments 10,500,000.00
17918 A Best Western Seven Seas Best Western Seven Seas 9,500,000.00
8747 A Hamilton Station Apartments Hamilton Station Apartments 9,500,000.00
9529 A Washington Commons Washington Commons 9,400,000.00
17820 A 240 West 35th Street 240 West 35th Street 8,000,000.00
9144 A Regent Place Apartments Regent Place Apartments 7,600,000.00
9100 Patidar Hotel Portfolio 7,415,000.00
9100 A Comfort Inn West Middlesex
9100 B Comfort Inn Dundee
9100 C Comfort Inn Elyria
9100 D Days Inn Georgetown
9100 E Holiday Inn Medina
16771 A Central Park Mews Central Park Mews 7,000,000.00
9586 A Gateway West Shopping Center Gateway West Shopping Center 6,988,763.29
11853 A 1380 University Avenue 1380 University Avenue 6,500,000.00
12130 A 38 East 30th Street 38 East 30th Street 6,400,000.00
8722 A The Lakes Apartment Complex The Lakes Apartment Complex 6,400,000.00
9412 A Crown Theater Crown Theater 6,400,000.00
16718 A Gateway Inn Gateway Inn 6,400,000.00
8548 A Hyde Park Office Condominiums Hyde Park Office Condominiums 6,100,000.00
11931 A 580 Broadway 580 Broadway 6,030,000.00
12073 A Stoneridge Corporate Park Stoneridge Corporate Park 6,000,000.00
9291 A Airport Thruway Plaza Airport Thruway Plaza 5,800,000.00
16814 A Timonium Crossing S.C. Timonium Crossing S.C. 5,600,000.00
5193 A Encino Medical Tower Encino Medical Tower 5,556,400.93
17735 A 42 W. 48th Street 42 W. 48th Street 5,500,000.00
6073 A 155 Spring Street 155 Spring Street 5,489,903.38
11472 A Ramada Inn & Holiday Inn Ramada Inn/Holiday Inn 5,375,000.00
16823 A Simi Commerce Center Simi Commerce Center 5,050,000.00
11423 A Tropicana Royale Apartments Tropicana Royale Apartments 5,000,000.00
11516 A Kingsbury Square Kingsbury Square 5,000,000.00
11721 A Strathmore/Orkney Realty Trust Strathmore/Orkney Realty Trust 5,000,000.00
9056 A Highlander Shopping Center Highlander Shopping Center 4,700,000.00
16561 A Landmark West Apartments Landmark West Apartments 4,600,000.00
16496 A Hancock Plaza Hancock Plaza 4,505,000.00
11839 A Pitney Bowes Pitney Bowes 4,400,000.00
9565 A Washington Tower Washington Tower 4,300,000.00
9513 A Cohas Brook Shopping Center Cohas Brook Shopping Center 4,300,000.00
8939 A Sutter Square Galleria Sutter Square Galleria 4,250,000.00
17637 Highland Chateau & Seward Flats 4,225,000.00
17637 A Highland Chateau
17637 B Seward Flats
9709 A Evergreen Valley Plaza Evergreen Valley Plaza 4,240,000.00
9424 A Brookwood Mobile Home Park Brookwood Mobile Home Park 4,225,000.00
9556 A Victoria Inn Apartments Victoria Inn Apartments 4,200,000.00
16936 A Mobius Management Systems Mobius Management Systems 4,200,000.00
12147 A Kingman Square Kingman Square 4,150,000.00
16826 A Ventura Business Park II Ventura Business Park II 4,150,000.00
11506 A Woodstream Apartments Woodstream Apartments 4,150,000.00
11997 A Kittridge Apartments Kittridge Apartments 4,100,000.00
12022 A North Village Apartments North Village Apartments 4,000,000.00
6561 A Aborn Shopping Center Aborn Shopping Center 4,000,000.00
11868 A 144 East 44th Street 144 East 44th Street 4,000,000.00
9491 A Main Street Commons Main Street Commons 3,950,000.00
11895 Dixon Landing & Branham Self Storage 3,900,000.00
11895 A Dixon Landing Center
11895 B Branham Self-Storage
16830 A Newbury Park Commerce Center Newbury Park Commerce Center 3,900,000.00
12074 A 325 East Main Street 325 East Main Street 3,900,000.00
11102 A 1509 Glen Avenue Associates 1509 Glen Avenue Associates 3,750,000.00
11552 A Lake Hills Shopping Center Lake Hills Shopping Center 3,700,000.00
8487 A World Gym Plaza World Gym Plaza 3,500,000.00
12075 A 123 East Main Street 123 East Main Street 3,500,000.00
11279 A The Springs of Scottsdale The Springs of Scottsdale 3,500,000.00
17138 A Holiday Inn Express Holiday Inn Express 3,460,000.00
6019 A 525 Broadway 525 Broadway 3,500,000.00
17702 A Camino Encinitas Plaza Camino Encinitas Plaza 3,300,000.00
11978 A Timber Creek Apartments Timber Creek Apartments 3,350,000.00
12252 A Narberth Hall Apartments Narberth Hall Apartments 3,250,000.00
9125 A Wyndmoor Garden Apartments Wyndmoor Gardens 3,145,512.24
11207 A Encanto Plaza Encanto Plaza 3,100,000.00
17027 A Budwey's Plaza Shopping Center Budwey's Plaza Shopping Center 3,025,000.00
8643 A 2607 Rhawn St. & 8040 Roosevelt Blvd. 2607 Rhawn St. & 8040 Roosevelt Blvd. 3,000,000.00
16820 A Simi Business Park West Simi Business Park West 2,975,000.00
12178 A The Drexel Building The Drexel Building 2,900,000.00
9419 A Southland Plaza Southland Plaza 2,850,000.00
16609 A Simi Lock-up Simi Lock-up 2,800,000.00
11162 Pine Beil Portfolio 2,750,000.00
11162 A 37 Charles Street
11162 B 234 East 81 Street
11162 C 105 East 37 Street
12203 Rex Haven & Rex Terrace Apartments 2,700,000.00
12203 A Rex Haven Apartments
12203 B Rex Terrace Apartments
11999 A Holiday Inn Express Holiday Inn Express 2,650,000.00
11116 A Madison Plaza Madison Plaza 2,650,000.00
11411 A People's Storage People's Self Storage 2,600,000.00
11505 A Waverly Elementary School Waverly Elementary School 2,500,000.00
16393 A Lomas Santa Fe Center Lomas Santa Fe Center 2,500,000.00
16498 A Engine Supply Co Engine Supply Co 2,475,000.00
9327 A Green Countrie Apartments Green Countrie Apartments 2,450,000.00
9382 A Colonial Grand Pacific Building Colonial Grand Pacific Building 2,385,000.00
11687 A Windom Gables Townhomes Windom Gables Townhomes 2,400,000.00
9422 A Houma Kmart Houma Kmart 2,350,000.00
18066 A Vagabond Inn Hayward Vagabond Inn Hayward 2,300,000.00
11845 A Midtown Mall Midtown Mall 2,300,000.00
16829 A Ventura Business Park III Ventura Business Park III 2,275,000.00
12033 A Montclair Arms Apartments Montclair Arms Apartments 2,240,000.00
9280 A The Arbor Plaza The Arbor Plaza 2,200,000.00
12253 A Merion Court Apartments Merion Court Apartments 2,190,000.00
16957 A 200-204 2nd Street 200-204 2nd Street 2,175,000.00
17417 A Holiday Inn Express Holiday Inn Express 2,100,000.00
17137 A Comfort Inn - Black Mt. Comfort Inn - Black Mt. 1,900,000.00
17140 A Comfort Inn - Concord Comfort Inn - Concord 2,000,000.00
11647 A 3344 Castle Heights Apartments 3344 Castle Heights Apartments 2,000,000.00
17194 A 101 Broadway 101 Broadway 2,000,000.00
11260 A 1630-38 12th Street Radical Media 1,945,000.00
9072 A Tully Road Shopping Center Tully Road Shopping Center 1,850,000.00
17704 A Holiday Inn Express Holiday Inn Express 1,830,000.00
12257 A Yellowstone Shopping Center Yellowstone Shopping Center 1,800,000.00
11851 A Turnpike Shopping Center Turnpike Shopping Center 1,800,000.00
11098 A Lowden Gardens Lowden Gardens 1,775,000.00
11599 A Sandy Plaza Sandy Plaza 1,675,000.00
11265 A Multi-Media Office Multi-Media Office 1,645,000.00
5296 A Comfort Inn Comfort Inn 1,600,000.00
17741 A Silent Valley MHP Silent Valley MHP 1,500,000.00
12050 A Hilltop Shopping Center Hilltop Shopping Center 1,500,000.00
11639 A MAI Chaimson Headquarters MAI Chaimson Headquarters 1,500,000.00
17187 A North La Cienega Retail Center North La Cienega Retail Center 1,510,000.00
11272 A Fox Hill Park Offices Fox Hills Park Offices 1,400,000.00
11384 A Fox Hill Garden Offices Fox Hill Garden Offices 1,400,000.00
9328 A Abbey House Abbey House 1,400,000.00
16956 A Silicon Graphics Silicon Graphics 1,300,000.00
6129 A Santa Fe Center Santa Fe Center 1,325,000.00
8673 Meadow Valley & Valley Stream MHP Meadow Valley & Valley Stream MHP 1,300,000.00
8673 A Meadow Valley
8673 B Valley Stream
6131 A Southwest Industrial Center Southwest Industrial Center 1,100,000.00
9436 A 3424 Simpson Ferry Road 3424 Simpson Ferry Road 740,000.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Cut-off Balance % of Pool Balance Cum % of Pool Balance Number of Props Gross Mortgage Rate
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
20,833,834.70 4.02 4.02 2 7.4550%
1
1
17,947,054.90 3.46 7.48 1 6.7050%
14,100,000.00 2.72 10.21 1 7.6050%
11,567,888.28 2.23 12.44 1 6.9350%
11,235,454.87 2.17 14.61 1 6.9500%
10,838,384.65 2.09 16.70 1 7.0000%
10,677,981.12 2.06 18.76 2 7.7200%
1
1
10,467,141.83 2.02 20.78 1 6.8125%
9,500,000.00 1.83 22.61 1 7.9400%
9,466,781.34 1.83 24.44 1 6.0150%
9,382,148.57 1.81 26.25 1 7.3500%
7,996,604.59 1.54 27.79 1 8.1500%
7,516,100.56 1.45 29.24 1 6.9100%
7,415,000.00 1.43 30.68 5 7.4500%
1
1
1
1
1
6,978,073.89 1.35 32.02 1 6.4600%
6,965,929.20 1.34 33.37 1 7.1900%
6,479,346.66 1.25 34.62 1 7.2500%
6,381,199.56 1.23 35.85 1 6.7100%
6,377,621.11 1.23 37.08 1 6.0150%
6,373,242.79 1.23 38.31 1 7.2500%
6,400,000.00 1.24 39.54 1 8.2500%
6,083,091.08 1.17 40.72 1 6.9300%
6,019,831.38 1.16 41.88 1 7.1500%
5,986,156.80 1.16 43.04 1 6.6000%
5,784,051.28 1.12 44.15 1 6.9600%
5,596,985.92 1.08 45.23 1 7.4750%
5,550,946.67 1.07 46.30 1 7.9700%
5,496,817.11 1.06 47.36 1 7.2500%
5,478,561.51 1.06 48.42 1 7.1250%
5,354,937.81 1.03 49.46 1 7.8000%
5,039,855.62 0.97 50.43 1 7.1400%
4,987,126.66 0.96 51.39 1 6.1500%
4,977,854.14 0.96 52.35 1 6.9600%
4,972,654.50 0.96 53.31 1 6.4000%
4,679,984.89 0.90 54.21 1 6.9500%
4,596,973.85 0.89 55.10 1 6.8300%
4,501,162.50 0.87 55.97 1 8.1500%
4,394,971.78 0.85 56.82 1 7.3000%
4,284,147.62 0.83 57.65 1 6.8600%
4,275,391.78 0.83 58.47 1 6.9600%
4,240,876.43 0.82 59.29 1 6.8850%
4,222,597.28 0.81 60.10 2 7.3050%
1
1
4,220,657.19 0.81 60.92 1 7.2300%
4,211,360.45 0.81 61.73 1 6.3400%
4,184,392.31 0.81 62.54 1 5.7600%
4,176,695.99 0.81 63.34 1 7.6600%
4,146,242.00 0.80 64.15 1 7.9850%
4,141,663.53 0.80 64.94 1 7.1400%
4,116,455.03 0.79 65.74 1 6.8200%
4,087,766.98 0.79 66.53 1 6.6500%
3,991,112.42 0.77 67.30 1 6.7500%
3,986,631.56 0.77 68.07 1 6.9900%
3,986,333.66 0.77 68.84 1 6.8750%
3,929,207.95 0.76 69.60 1 7.3800%
3,896,488.98 0.75 70.35 2 7.6500%
0.00 70.35 1
0.00 70.35 1
3,892,165.73 0.75 71.10 1 7.1400%
3,891,331.65 0.75 71.85 1 6.7000%
3,734,276.13 0.72 72.57 1 7.0100%
3,687,541.57 0.71 73.28 1 6.1700%
3,494,612.54 0.67 73.96 1 8.3200%
3,492,381.60 0.67 74.63 1 6.8000%
3,491,722.06 0.67 75.30 1 6.5000%
3,457,382.85 0.67 75.97 1 8.3750%
3,446,735.31 0.67 76.64 1 6.7400%
3,296,925.79 0.64 77.27 1 7.5000%
3,347,989.69 0.65 77.92 1 7.1340%
3,237,860.97 0.62 78.54 1 6.4000%
3,138,435.59 0.61 79.15 1 6.7606%
3,080,120.88 0.59 79.74 1 7.2500%
3,022,990.88 0.58 80.33 1 8.8750%
3,000,000.00 0.58 80.91 1 8.8500%
2,969,023.86 0.57 81.48 1 7.1400%
2,891,635.54 0.56 82.04 1 6.7800%
2,829,372.55 0.55 82.58 1 7.3850%
2,794,375.39 0.54 83.12 1 7.1400%
2,731,669.14 0.53 83.65 3 7.0500%
1
1
2,698,582.43 0.52 84.17 2 7.5500%
1
1
2,645,267.70 0.51 84.68 1 7.7000%
2,633,702.98 0.51 85.19 1 6.5500%
2,591,689.94 0.50 85.69 1 7.2200%
2,492,668.52 0.48 86.17 1 8.0600%
2,483,822.90 0.48 86.65 1 6.9340%
2,465,191.42 0.48 87.13 1 7.7000%
2,430,143.29 0.47 87.60 1 6.8060%
2,383,684.49 0.46 88.06 1 7.4000%
2,343,498.13 0.45 88.51 1 6.4000%
2,332,820.79 0.45 88.96 1 7.3350%
2,300,000.00 0.44 89.40 1 8.4500%
2,293,720.33 0.44 89.84 1 8.0000%
2,270,430.01 0.44 90.28 1 7.1400%
2,235,631.52 0.43 90.71 1 7.3100%
2,192,375.45 0.42 91.14 1 6.8000%
2,176,629.82 0.42 91.56 1 6.5900%
2,175,000.00 0.42 91.98 1 7.3000%
2,098,397.56 0.40 92.38 1 8.3400%
1,898,579.04 0.37 92.75 1 8.4200%
2,000,000.00 0.39 93.13 1 8.2700%
1,995,211.18 0.39 93.52 1 6.4500%
1,994,550.49 0.38 93.90 1 7.8000%
1,938,515.04 0.37 94.28 1 6.2100%
1,838,389.58 0.35 94.63 1 7.3600%
1,828,277.20 0.35 94.99 1 8.5000%
1,798,796.56 0.35 95.33 1 6.7750%
1,793,436.42 0.35 95.68 1 5.8400%
1,767,185.64 0.34 96.02 1 6.8200%
1,671,981.15 0.32 96.34 1 7.6600%
1,639,515.29 0.32 96.66 1 6.2100%
1,593,283.73 0.31 96.97 1 7.2300%
1,500,000.00 0.29 97.26 1 8.6200%
1,487,880.56 0.29 97.54 1 8.2500%
1,465,783.38 0.28 97.83 1 6.9400%
1,509,420.92 0.27 98.10 1 8.4100%
1,395,446.43 0.27 98.37 1 6.3100%
1,395,446.43 0.27 98.64 1 6.3100%
1,388,653.31 0.27 98.90 1 6.8060%
1,300,000.00 0.25 99.15 1 7.3000%
1,295,673.80 0.25 99.40 1 6.6900%
1,295,014.83 0.25 99.65 1 6.7000%
1,055,045.28 0.20 99.86 1 6.7050%
737,992.20 0.14 100.00 1 8.0300%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Interest Accrual Method Gross Administrative Fee Net Mortgage Rate Original Term Remaining Term
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Actual/360 0.057% 7.3980% 120 115
Actual/360 0.057% 6.6480% 120 116
Actual/360 0.057% 7.5480% 120 120
Actual/360 0.057% 6.8780% 120 116
Actual/360 0.057% 6.8930% 120 115
Actual/360 0.057% 6.9430% 240 232
Actual/360 0.057% 7.6630% 120 115
Actual/360 0.057% 6.7555% 120 116
Actual/360 0.057% 7.8830% 120 120
Actual/360 0.057% 5.9580% 180 176
Actual/360 0.057% 7.2930% 120 117
Actual/360 0.057% 8.0930% 120 119
Actual/360 0.057% 6.8530% 240 234
Actual/360 0.057% 7.3930% 120
Actual/360 0.057% 6.4030% 120 116
Actual/360 0.057% 7.1330% 118 115
Actual/360 0.057% 7.1930% 120 117
Actual/360 0.057% 6.6530% 120 116
Actual/360 0.057% 5.9580% 180 176
Actual/360 0.057% 7.1930% 120 116
Actual/360 0.057% 8.1930% 120 120
Actual/360 0.057% 6.8730% 180 176
Actual/360 0.057% 7.0930% 180 179
Actual/360 0.057% 6.5430% 180 177
Actual/360 0.057% 6.9030% 180 176
Actual/360 0.057% 7.4180% 120 119
Actual/360 0.057% 7.9130% 113 111
Actual/360 0.057% 7.1930% 120 119
Actual/360 0.057% 7.0680% 177 174
Actual/360 0.057% 7.7430% 120 116
Actual/360 0.057% 7.0830% 180 177
Actual/360 0.057% 6.0930% 120 117
Actual/360 0.057% 6.9030% 180 176
30/360 0.057% 6.3430% 120 116
Actual/360 0.057% 6.8930% 180 174
Actual/360 0.057% 6.7730% 120 119
Actual/360 0.057% 8.0930% 120 118
Actual/360 0.057% 7.2430% 120 118
Actual/360 0.057% 6.8030% 120 115
Actual/360 0.057% 6.9030% 120 116
Actual/360 0.057% 6.8280% 120 117
Actual/360 0.057% 7.2480% 120 119
Actual/360 0.057% 7.1730% 120 113
Actual/360 0.057% 6.2830% 120 116
Actual/360 0.057% 5.7030% 120 116
Actual/360 0.057% 7.6030% 180 178
Actual/360 0.057% 7.9280% 120 118
Actual/360 0.057% 7.0830% 180 177
Actual/360 0.057% 6.7630% 120 113
Actual/360 0.057% 6.5930% 120 116
Actual/360 0.057% 6.6930% 120 117
Actual/360 0.057% 6.9330% 120 117
Actual/360 0.057% 6.8180% 120 117
Actual/360 0.057% 7.3230% 180 175
Actual/360 0.057% 7.5930% 120 119
Actual/360 0.057% 7.0830% 180 177
Actual/360 0.057% 6.6430% 120 118
Actual/360 0.057% 6.9530% 120 114
Actual/360 0.057% 6.1130% 120 116
Actual/360 0.057% 8.2630% 120 118
Actual/360 0.057% 6.7430% 120 118
Actual/360 0.057% 6.4430% 120 117
Actual/360 0.057% 8.3180% 120 119
Actual/360 0.057% 6.6830% 120 112
Actual/360 0.057% 7.4430% 120 119
Actual/360 0.057% 7.0770% 180 179
Actual/360 0.057% 6.3430% 120 117
Actual/360 0.057% 6.7036% 118 115
Actual/360 0.057% 7.1930% 120 114
Actual/360 0.057% 8.8180% 120 119
Actual/360 0.057% 8.7930% 120 120
Actual/360 0.057% 7.0830% 180 177
Actual/360 0.057% 6.7230% 120 116
Actual/360 0.057% 7.3280% 120 113
Actual/360 0.057% 7.0830% 180 177
Actual/360 0.057% 6.9930% 120 114
Actual/360 0.057% 7.4930% 120 119
Actual/360 0.057% 7.6430% 120 118
Actual/360 0.057% 6.4930% 120 115
Actual/360 0.057% 7.1630% 120 117
Actual/360 0.057% 8.0030% 120 118
Actual/360 0.057% 6.8770% 180 171
Actual/360 0.057% 7.6430% 84 81
Actual/360 0.057% 6.7490% 96 89
Actual/360 0.057% 7.3430% 120 119
Actual/360 0.057% 6.3430% 120 116
Actual/360 0.057% 7.2780% 120 113
Actual/360 0.057% 8.3930% 120 120
Actual/360 0.057% 7.9430% 120 117
Actual/360 0.057% 7.0830% 180 177
Actual/360 0.057% 7.2530% 120 118
Actual/360 0.057% 6.7430% 180 177
Actual/360 0.057% 6.5330% 120 115
Actual/360 0.057% 7.2430% 120 120
Actual/360 0.057% 8.2830% 120 119
Actual/360 0.057% 8.3630% 120 119
Actual/360 0.057% 8.2130% 120 120
Actual/360 0.057% 6.3930% 120 117
Actual/360 0.057% 7.7430% 180 179
Actual/360 0.057% 6.1530% 180 176
Actual/360 0.057% 7.3030% 120 114
Actual/360 0.057% 8.4430% 120 119
Actual/360 0.057% 6.7180% 120 119
Actual/360 0.057% 5.7830% 120 116
Actual/360 0.057% 6.7630% 180 174
Actual/360 0.057% 7.6030% 120 118
Actual/360 0.057% 6.1530% 180 176
Actual/360 0.057% 7.1730% 120 116
Actual/360 0.057% 8.5630% 180 180
Actual/360 0.057% 8.1930% 180 177
Actual/360 0.057% 6.8830% 120 116
Actual/360 0.057% 8.3530% 120 119
Actual/360 0.057% 6.2530% 180 176
Actual/360 0.057% 6.2530% 180 176
Actual/360 0.057% 6.7490% 96 89
Actual/360 0.057% 7.2430% 120 120
Actual/360 0.057% 6.6330% 180 173
Actual/360 0.057% 6.6430% 120 115
Actual/360 0.057% 6.6480% 120 113
Actual/360 0.057% 7.9730% 120 117
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Original Amortization Interest Only Months First Payment Date Maturity Date Annual P&I
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
360 0 10/1/98 9/1/08 1,745,908.37
0
0
360 0 11/1/98 10/1/08 1,394,516.90
360 0 3/1/99 2/1/09 1,195,260.00
360 0 11/1/98 10/1/08 920,032.46
300 0 10/1/98 9/1/08 954,071.78
240 0 7/1/98 6/1/18 1,023,394.60
264 0 10/1/98 9/1/08 1,017,002.07
0
0
348 0 11/1/98 10/1/08 830,893.68
240 0 3/1/99 2/1/09 949,289.16
360 0 11/1/98 10/1/13 684,587.38
360 0 12/1/98 11/1/08 777,160.55
360 0 2/1/99 1/1/09 714,478.20
240 0 9/1/98 8/1/18 702,154.17
240 0 1/1/09 714,098.88
0
0
0
0
0
360 0 11/1/98 10/1/08 528,729.36
298 0 12/1/98 9/1/08 604,397.27
300 0 12/1/98 11/1/08 563,789.35
360 0 11/1/98 10/1/08 496,083.03
360 0 11/1/98 10/1/13 461,195.71
300 0 11/1/98 10/1/08 555,115.67
300 0 3/1/99 2/1/09 605,529.72
360 0 11/1/98 10/1/13 483,565.04
240 0 2/1/99 1/1/14 567,539.91
360 0 12/1/98 11/1/13 459,834.35
360 0 11/1/98 10/1/13 461,182.32
360 0 2/1/99 1/1/09 468,722.28
353 0 1/1/99 5/1/08 490,220.31
360 0 2/1/99 1/1/09 450,236.34
357 0 12/1/98 8/1/13 444,911.64
300 0 11/1/98 10/1/08 489,306.27
360 0 12/1/98 11/1/13 408,887.15
360 0 12/1/98 11/1/08 365,536.90
300 0 11/1/98 10/1/13 422,537.72
300 0 11/1/98 10/1/08 401,383.13
360 0 9/1/98 8/1/13 373,338.62
360 0 2/1/99 1/1/09 360,966.48
360 0 1/1/99 12/1/08 402,340.54
360 0 1/1/99 12/1/08 361,981.45
360 0 10/1/98 9/1/08 338,458.25
268 0 11/1/98 10/1/08 379,922.31
360 0 12/1/98 11/1/08 335,374.54
360 0 2/1/99 1/1/09 347,756.76
0
0
360 0 8/1/98 7/1/08 346,401.35
360 0 11/1/98 10/1/08 315,142.35
360 0 11/1/98 10/1/08 294,440.97
180 0 1/1/99 12/1/13 471,808.44
360 0 1/1/99 12/1/08 364,894.14
360 0 12/1/98 11/1/13 336,016.17
300 0 8/1/98 7/1/08 346,278.40
360 0 11/1/98 10/1/08 315,846.72
360 0 12/1/98 11/1/08 311,327.09
300 0 12/1/98 11/1/08 338,947.87
300 0 12/1/98 11/1/08 335,436.07
300 0 10/1/98 9/1/13 346,590.40
300 0 2/1/99 1/1/09 350,427.24
0
0
360 0 12/1/98 11/1/13 315,774.23
300 0 1/1/99 12/1/08 321,870.50
360 0 9/1/98 8/1/08 299,688.40
360 0 11/1/98 10/1/08 271,072.48
300 0 1/1/99 12/1/08 333,116.03
300 0 1/1/99 12/1/08 291,510.28
360 0 12/1/98 11/1/08 265,468.57
300 0 2/1/99 1/1/09 330,840.00
240 0 7/1/98 6/1/08 319,103.23
300 0 2/1/99 1/1/09 292,640.51
360 0 2/1/99 1/1/14 271,079.04
300 0 12/1/98 11/1/08 260,899.03
358 0 12/1/98 9/1/08 245,509.88
300 0 9/1/98 8/1/08 268,884.15
300 0 2/1/99 1/1/09 301,527.12
300 0 3/1/99 2/1/09 298,421.49
360 0 12/1/98 11/1/13 240,879.06
360 0 11/1/98 10/1/08 226,406.54
300 0 8/1/98 7/1/08 250,182.29
360 0 12/1/98 11/1/13 226,709.70
300 0 9/1/98 8/1/08 234,290.77
0
0
360 0 2/1/99 1/1/09 227,655.84
0
0
300 0 1/1/99 12/1/08 239,151.63
300 0 10/1/98 9/1/08 215,710.47
300 0 12/1/98 11/1/08 224,913.06
240 0 1/1/99 12/1/08 252,053.42
360 0 6/1/98 5/1/13 198,262.80
264 0 12/1/98 11/1/05 233,771.31
300 0 8/1/98 7/1/06 204,168.83
360 0 2/1/99 1/1/09 198,159.12
120 0 11/1/98 10/1/08 325,554.72
300 0 8/1/98 7/1/08 205,378.38
240 0 3/1/99 2/1/09 238,646.51
300 0 12/1/98 11/1/08 213,021.28
360 0 12/1/98 11/1/13 184,201.63
300 0 1/1/99 12/1/08 195,330.76
300 0 12/1/98 11/1/13 183,235.03
300 0 10/1/98 9/1/08 178,925.20
360 0 3/1/99 2/1/09 178,934.01
300 0 2/1/99 1/1/09 200,207.28
300 0 2/1/99 1/1/09 182,364.24
300 0 3/1/99 2/1/09 189,548.88
360 0 12/1/98 11/1/08 150,908.01
180 0 2/1/99 1/1/14 226,594.08
360 0 11/1/98 10/1/13 143,101.75
300 0 9/1/98 8/1/08 162,039.77
276 0 2/1/99 1/1/09 181,408.56
360 0 2/1/99 1/1/09 140,456.28
360 0 11/1/98 10/1/08 127,289.39
360 0 9/1/98 8/1/13 139,143.95
300 0 1/1/99 12/1/08 150,635.40
360 0 11/1/98 10/1/13 121,029.50
300 0 11/1/98 10/1/08 138,531.62
180 0 3/1/99 2/1/14 178,521.48
180 0 12/1/98 11/1/13 174,625.26
120 0 11/1/98 10/1/08 208,439.07
360 0 2/1/99 1/1/09 138,173.04
360 0 11/1/98 10/1/13 104,096.96
360 0 11/1/98 10/1/13 104,096.96
300 0 8/1/98 7/1/06 116,667.90
360 0 3/1/99 1/1/09 106,949.06
180 0 8/1/98 7/1/13 140,172.22
360 0 10/1/98 9/1/08 100,663.36
120 0 8/1/98 7/1/08 151,263.82
300 0 12/1/98 11/1/08 68,713.85
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
IO Payment Net Operating Income 2 Net Operating Income 1 U/W NOI U/W NCF
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
0 2,320,752.00
0 2,130,378 2,158,391 1,990,728 1,668,432.00
0 947,434 - 921,521 652,320.00
0 1,969,041 2,131,856 2,200,266 2,155,010.00
0 1,773,127 1,899,886 1,887,477 1,741,477.00
0 508,066 970,458 1,347,479 1,289,044.00
0 - - 1,469,677 1,400,649.00
0 2,525,668 - 2,903,990 2,786,318.00
0 1,321,419.00
0 - - 1,001,483 925,982.00
0 - - 427,680 395,437.00
0 1,251,140 1,501,651 1,438,848 1,395,584.00
0 2,476,984 3,106,019 2,460,641 1,448,479.00
0 1,239,006 1,185,389 1,199,243 1,128,243.00
0 - 971,714 1,050,106 1,026,292.00
0 1,034,124 1,027,945 1,049,814 1,017,758.00
0 1,011,610 1,277,526 1,104,690 1,058,798.00
0 - - - 1,418,366.00
0 387,395 497,739 372,194 282,229.00
0 324,516 378,905 321,531 236,563.00
0 523,248 569,017 447,223 348,267.00
0 356,022 329,270 264,381 204,798.00
0 453,628 468,059 436,107 346,509.00
0 1,218,219 - 1,305,943 1,281,193.00
0 - - 808,002 771,011.00
0 721,988 824,022 805,036 770,286.00
0 - 1,233,839 1,058,243 905,387.00
0 782,285 808,661 796,260 753,260.00
0 - - 805,752 765,098.00
0 2,066,906 2,021,326 1,706,179 1,067,009.00
0 6,104 - 822,098 771,932.00
0 1,469,856 - 1,579,709 1,326,361.00
0 - 953,658 1,185,804 992,082.00
0 984,283 947,170 908,332 843,321.00
0 703,529 873,206 803,156 765,484.00
0 876,382 305,186 780,474 709,988.00
0 1,200,110 1,270,090 1,108,471 1,017,490.00
0 827,885 859,115 955,080 865,311.00
0 1,076,592 1,077,593 1,133,539 838,644.00
0 627,380 652,403 647,256 584,443.00
0 1,222,682 1,191,342 1,153,176 1,071,852.00
0 1,023,238 1,101,808 854,582 798,446.00
0 577,210 635,412 649,826 624,576.00
0 320,498 403,139 711,533 690,728.00
0 658,893 648,725 636,314 594,314.00
0 550,095 463,791 562,688 536,473.00
0 816,350 - 869,078 750,205.00
0 683,248 - 658,521 567,713.00
0 551,331 - 551,385 523,514.00
0 377,190 462,770 634,783 566,649.00
0 516,061.00
0 252,759 247,190 248,996 233,996.00
0 - 317,436 312,565 282,065.00
0 473,157 663,952 538,576 509,981.00
0 575,474 - 557,607 538,657.00
0 716,959 720,583 638,388 583,480.00
0 - 717,251 668,052 614,638.00
0 522,652 553,767 521,785 484,223.00
0 498,414 508,993 551,176 488,081.00
0 - 536,481 538,115 506,115.00
0 - 529,800 519,693 497,168.00
0 502,060 517,391 550,484 499,734.00
0 - - 654,256 619,267.00
0 498,497 - 523,996 513,677.00
0 - 526,438 593,837 542,243.00
0 563,235.00
0 336,550 375,846 379,096 361,235.00
0 172,171 176,018 205,487 202,000.00
0 532,660 500,140 513,158 457,356.00
0 - - 454,378 441,900.00
0 544,863 587,053 536,451 497,523.00
0 664,209 - 815,647 740,816.00
0 500,130 507,735 507,804 480,922.00
0 - - 414,890 405,937.00
0 1,040,344 1,115,260 1,018,228 981,103.00
0 808,766 858,586 659,418 531,492.00
0 756,621 - 572,186 525,972.00
0 513,706 577,390 486,200 446,857.00
0 351,600 492,173 581,228 504,728.00
0 395,907 - 395,951 380,451.00
0 338,132 - 360,532 338,532.00
0 483,845 510,097 413,952 368,533.00
0 440,511 621,325 471,576 417,183.00
0 490,382 490,713 515,246 408,075.00
0 388,670 388,645 375,880 343,064.00
0 276,241 386,587 383,080 372,365.00
0 380,782 369,361 381,930 353,228.00
0 349,204 571,518 638,059 625,709.00
0 351,178.00
0 18,807 - 34,777 32,753.00
0 101,662 - 150,946 145,926.00
110,751 - 174,249 172,499.00
0 335,188.00
0 185,716 232,705 200,649 186,649.00
0 191,146 172,764 158,539 148,539.00
0 626,232 489,775 618,655 430,204.00
0 479,138 570,555 595,734 554,489.00
0 372,030 408,089 365,946 357,614.00
0 445,886 - 380,299 350,372.00
0 163,735 262,690 309,715 295,275.00
0 - - 359,100 313,339.00
0 443,116 584,219 535,428 498,678.00
0 296,762 330,713 352,328 318,241.00
0 613,165 665,630 591,994 548,819.00
0 356,593 438,375 348,095 308,003.00
0 639,242 658,539 613,463 410,638.00
0 336,170 - 346,945 301,350.00
0 296,467 298,013 298,277 261,886.00
0 - 273,310 279,632 268,105.00
0 303,518 336,062 278,024 256,649.00
0 244,471 269,770 271,226 258,726.00
0 427,672 404,808 384,687 357,184.00
0 141,340 501,041 444,035 358,436.00
0 447,294 498,219 368,378 286,544.00
0 472,533 466,750 420,571 328,486.00
0 265,203 247,227 251,867 243,367.00
0 308,008 - 313,818 301,408.00
0 - 415,494 388,015 367,579.00
0 354,921 399,212 317,185 302,032.00
0 473,437 433,749 431,169 332,788.00
0 469,127 471,071 434,521 393,618.00
0 1,036,879 - 891,196 807,036.00
0 42,912 - 276,975 256,919.00
0 183,563 230,532 246,137 219,427.00
0 - 281,199 292,945 280,958.00
0 413,867 506,107 419,108 315,380.00
0 278,366 309,639 261,601 252,051.00
0 264,278 - 263,898 243,675.00
0 - - 367,317 359,317.00
0 198,844 - 208,878 190,854.00
0 242,630 324,632 226,544 188,988.00
0 344,640 414,502 281,763 236,318.00
0 253,318 294,592 281,046 259,546.00
0 271,292 282,322 268,552 247,104.00
0 271,386 - 334,808 271,890.00
0 164,246.00
67,196 - 72,058 69,295.00
92,078 - 98,738 94,951.00
0 307,816 - 343,819 278,262.00
0 94,243 - 111,112 101,037.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Lockbox DSCR Appraised Value Cut-Off LTV Maturity LTV
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Springing 1.33 30,800,000 67.64% 59.88%
Springing 21,500,000
Springing 9,300,000
1.55 30,000,000 59.82% 51.92%
In Place 1.46 21,000,000 67.14% 59.46%
Springing 1.40 15,500,000 74.63% 65.16%
1.47 15,800,000 71.11% 57.12%
2.72 32,000,000 33.87% 1.12%
1.30 15,700,000 68.01% 51.63%
10,990,000
4,710,000
1.68 16,800,000 62.30% 53.52%
1.53 16,900,000 56.21% 39.55%
1.65 14,000,000 67.62% 49.55%
1.32 12,400,000 75.66% 66.72%
1.42 13,800,000 57.95% 52.03%
Springing 1.51 12,900,000 58.26% 1.87%
1.99 12,760,000 58.11% 58.11%
2,710,000
2,300,000
2,400,000
2,000,000
3,350,000
2.42 16,000,000 43.61% 37.60%
1.28 10,840,000 64.26% 51.98%
1.37 9,365,000 69.19% 55.95%
1.83 11,500,000 55.49% 48.16%
1.63 8,650,000 73.73% 54.03%
1.38 8,550,000 74.54% 60.35%
1.76 12,000,000 53.33% 44.26%
1.60 8,300,000 73.29% 56.05%
2.34 16,000,000 37.62% 15.72%
2.16 12,800,000 46.77% 35.20%
1.83 9,750,000 59.32% 45.43%
1.63 9,500,000 58.92% 52.04%
1.45 8,500,000 65.31% 60.38%
2.26 12,000,000 45.81% 40.23%
1.94 9,300,000 58.91% 45.47%
1.71 8,700,000 61.55% 50.64%
1.43 6,750,000 74.66% 57.59%
2.93 13,300,000 37.50% 32.02%
1.89 9,300,000 53.53% 33.93%
1.56 8,100,000 61.39% 47.71%
In Place 1.85 7,500,000 62.40% 47.84%
1.65 7,100,000 64.75% 56.25%
In Place 1.33 6,300,000 71.45% 64.19%
Springing 2.07 10,000,000 43.95% 38.68%
1.68 6,300,000 68.00% 59.30%
1.38 6,000,000 71.26% 53.27%
1.69 6,000,000 70.68% 61.59%
1.48 5,650,000 74.74% 65.73%
2,350,000
3,300,000
1.47 6,920,000 60.99% 53.78%
1.71 6,500,000 64.79% 55.68%
1.98 5,900,000 70.92% 59.95%
1.30 7,100,000 58.83% 1.28%
1.33 5,675,000 73.06% 65.38%
1.45 5,600,000 73.96% 57.05%
1.46 5,300,000 77.67% 62.30%
1.57 5,240,000 78.01% 67.60%
1.61 6,000,000 66.52% 57.75%
1.83 7,850,000 50.79% 40.75%
1.53 7,500,000 53.15% 42.49%
1.56 5,400,000 72.76% 47.19%
1.61 6,460,000 60.32% 49.25%
3,850,000
2,610,000
1.45 5,450,000 71.42% 55.09%
1.37 4,900,000 79.41% 63.07%
In Place 1.66 5,300,000 70.46% 61.73%
2.73 9,000,000 40.97% 35.04%
1.44 5,100,000 68.52% 57.09%
1.39 4,375,000 79.83% 63.60%
3.70 10,050,000 34.74% 29.96%
1.61 5,200,000 66.49% 55.43%
1.65 6,890,000 50.03% 34.26%
1.53 5,150,000 64.02% 52.04%
1.86 6,500,000 51.51% 39.66%
1.46 4,340,000 74.61% 58.76%
1.38 4,250,000 73.85% 64.22%
1.37 4,300,000 71.63% 58.13%
1.38 4,650,000 65.01% 54.94%
1.37 4,700,000 63.83% 53.85%
1.42 4,000,000 74.23% 57.25%
1.64 4,200,000 68.85% 59.87%
1.41 3,800,000 74.46% 60.73%
2.76 6,365,000 43.90% 33.86%
1.50 3,830,000 71.32% 57.54%
350,000
1,380,000
2,100,000
1.47 3,700,000 72.93% 64.55%
2,100,000
1,600,000
1.80 3,850,000 68.71% 56.25%
2.57 8,700,000 30.27% 24.02%
1.59 4,000,000 64.79% 52.35%
1.39 4,750,000 52.48% 37.20%
1.49 3,451,885 71.96% 55.27%
1.34 3,360,000 73.37% 62.50%
2.44 4,385,000 55.42% 47.39%
1.61 3,750,000 63.56% 56.04%
1.69 5,960,000 39.32% 0.32%
1.50 3,400,000 68.61% 55.88%
1.72 4,100,000 56.10% 40.16%
1.41 3,450,000 66.48% 54.95%
1.42 3,150,000 72.08% 55.60%
1.37 3,100,000 72.12% 58.36%
1.40 2,800,000 78.30% 49.15%
1.45 2,825,000 77.05% 61.21%
2.00 4,200,000 51.79% 45.51%
1.79 3,300,000 63.59% 52.96%
1.57 3,150,000 60.27% 50.31%
1.73 3,750,000 53.33% 44.29%
1.61 2,950,000 67.63% 58.25%
1.33 3,700,000 53.91% 1.19%
Springing 2.57 4,100,000 47.28% 34.98%
1.86 3,400,000 54.07% 44.02%
1.83 2,900,000 63.04% 50.25%
2.80 6,250,000 28.78% 24.96%
6.34 9,800,000 18.30% 15.50%
1.85 2,900,000 60.94% 46.45%
1.46 2,600,000 64.31% 52.58%
Springing 2.32 3,000,000 54.65% 40.43%
2.28 2,200,000 72.42% 58.60%
1.41 3,000,000 50.00% 1.32%
1.40 2,500,000 59.52% 1.48%
1.72 4,100,000 35.75% 0.33%
1.38 2,400,000 58.28% 46.08%
1.82 2,450,000 56.96% 42.33%
2.27 3,500,000 39.87% 29.63%
2.22 2,385,000 58.22% 49.79%
2.31 3,000,000 43.33% 38.10%
1.94 3,800,000 34.10% 0.60%
1.63 1,700,000 76.18% 66.16%
717,262
982,738
1.84 4,000,000 26.38% 0.24%
1.47 1,100,000 67.09% 55.50%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Effective Lockout Call Protection Call Protection End Date Free Window Address
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
120 Defeasance 8/31/08 0
0 99, 111 Founders Plaza
0 21700 Northwestern Highway
120 Defeasance 9/30/08 0 9645, 9655, & 9680 Granite Drive
120 Defeasance 1/31/09 0 16 Owen Street
120 Defeasance 9/30/08 0 3400-3470 Highland Avenue
117 Defeasance 5/31/08 3 1420, 1502, 1526, 1750, 1770 Viceroy Drive
240 Defeasance 5/31/18 0 6751-6801 Wilson Boulevard
120 Defeasance 8/31/08 0
0 513-519 West 57th Street
0 433-435 West 53rd Street
60 > of 1% or YM 6/30/08 3 247 E. 28th St.
120 Defeasance 1/31/09 0 411 Hotel Circle South
180 Defeasance 9/30/13 0 100 Hamilton Station Drive
120 Defeasance 10/31/08 0 40 Washington Avenue
120 Defeasance 12/31/08 0 240 West 35th Street
240 Defeasance 7/31/18 0 426-32 S. Norton;427-39 Westminster
120 Defeasance 12/31/08 0
0 State Route 18 at Wilson Rd
0 621 Tecumseh Street
0 739 Leona Street
0 385 Cherry Blossom Way
0 2850 Medina Road
119 Defeasance 8/31/08 1 117 West 58th Street
118 Defeasance 8/31/08 0 Route 8 & Saulsbury Road
120 Defeasance 10/31/08 0 1380 University Avenue
120 Defeasance 9/30/08 0 38 East 30th Street
180 Defeasance 9/30/13 0 4343 Warm Springs Road
120 Defeasance 9/30/08 0 W/S Quarry Road, Lot 2
120 Defeasance 1/31/09 0 7050 Kirkman Rd.
180 Defeasance 9/30/13 0 3841 Mechanicsville Road
180 Defeasance 12/31/13 0 580 Broadway
48 > 1% or YM 10/31/13 0 180 Sheree Blvd
180 Defeasance 9/30/13 0 5300 Sidney Simmons Boulevard
120 Defeasance 12/31/08 0 2080 York Road
113 Defeasance 4/30/08 0 16260 Ventura Boulevard
120 Defeasance 12/31/08 0 42 W. 48th Street
177 Defeasance 7/31/13 0 155 Spring Street
120 Defeasance 9/30/08 0 1900 A-B East Elizabeth Street
180 Defeasance 10/31/13 0 2205-2245 First Street
120 Defeasance 10/31/08 0 1900 East Tropicana Avenue
180 Defeasance 9/30/13 0 182 Summer Street
120 Defeasance 9/30/08 0 42 Strathmore & 6, 10, 14 Orkney Road
180 Defeasance 7/31/13 0 1190-165 East Foothill Boulevard
120 Defeasance 12/31/08 0 Swartswood Road
120 Defeasance 11/30/08 0 SEC Tatum & Greenway
120 Defeasance 11/30/08 0 37 Executive Drive
120 Defeasance 8/31/08 0 712 North Washington
120 Defeasance 9/30/08 0 1875 South Willow Street
119 Defeasance 9/30/08 1 2929 K Street
120 Defeasance 12/31/08 0
0 822 Baylis Street
0 2101 21st Avenue South
120 Defeasance 6/30/08 0 3202 Aborn Road
120 Defeasance 9/30/08 0 825 First Avenue East
114 Defeasance 3/31/08 6 2400 W. 17th Avenue
180 Defeasance 11/30/13 0 120 Old Post Road
120 Defeasance 11/30/08 0 3117-3157 Stockton Road & 1899 Detroit Avenue
180 Defeasance 10/31/13 0 2064-2290 Eastman Avenue
120 Defeasance 6/30/08 0 700 Conestoga Drive
120 Defeasance 9/30/08 0 14220 Kittridge Street
120 Defeasance 10/31/08 0 3201 14th Street North
120 Defeasance 10/31/08 0 1900-1948 Aborn Road
120 Defeasance 10/31/08 0 144 East 44th Street
180 Defeasance 8/31/13 0 559-573 Main Street
120 Defeasance 12/31/08 0
0 1770-1838 Milmont Drive
0 1056 Branham Lane
180 Defeasance 10/31/13 0 2363-2393 Teller Road
120 Defeasance 11/30/08 0 325 East Main Street
120 Defeasance 7/31/08 0 1601 Schlumberger Drive
120 Defeasance 9/30/08 0 2260-2320 Black Rock Turnpike
120 Defeasance 11/30/08 0 801-803 Tilton Road
120 Defeasance 11/30/08 0 123 East Main Street
120 Defeasance 10/31/08 0 3212 North Miller Road
120 Defeasance 12/31/08 0 3620 Hamilton Boulevard
120 Defeasance 5/31/08 0 525 Broadway
120 Defeasance 12/31/08 0 318-330 El Camino Real
180 Defeasance 12/31/13 0 1223-1231 North Road
120 Defeasance 10/31/08 0 300 North Essex Avenue
118 Defeasance 8/31/08 0 219 East Willow Grove Avenue
120 Defeasance 7/31/08 0 2222 West Encanto Boulevard
120 Defeasance 12/31/08 0 535 Division Street
120 Defeasance 12/31/08 0 2607 Rhawn St. & 8040 Roosevelt Blvd.
180 Defeasance 10/31/13 0 65 and 67 West Easy Street
119 Defeasance 8/31/08 1 1435-1441 Walnut Street
120 Defeasance 6/30/08 0 3200 West Park Avenue
180 Defeasance 10/31/13 0 4495 East Industrial Street
120 Defeasance 7/31/08 0
0 37 Charles Street
0 234 East 81 Street
105 East 37 Street
120 Defeasance 12/31/08 0
0 220 Henthorne Drive
0 100 Rex Avenue
120 Defeasance 11/30/08 0 16855 S. Harlan Road
119 Defeasance 7/31/08 1 300 Main Street
117 Defeasance 7/31/08 3 7909 Broadway
120 Defeasance 11/30/08 0 1150 East New York Ave.
180 Defeasance 4/30/13 0 905-989 Lomas Santa Fe Drive
84 Defeasance 10/31/05 0 2522-2530 West Holly Street
96 Defeasance 6/30/06 0 7841 Ridge Avenue
120 Defeasance 12/31/08 0 1113-1123 First Avenue
120 Defeasance 9/30/08 0 23 West 61 Street
120 Defeasance 6/30/08 0 1510-1512 West Park Avenue
120 Defeasance 1/31/09 0 20455 Hesperian Boulevard
120 Defeasance 10/31/08 0 160 Main Street
180 Defeasance 10/31/13 0 4464 McGrath and 2175 Goodyear Avenye
120 Defeasance 11/30/08 0 65 North Fullerton Avenue
180 Defeasance 10/31/13 0 5039-5065 State Road
120 Defeasance 8/31/08 0 118 Montgomery Avenue
120 Defeasance 1/31/09 0 200-204 2nd Street
120 Defeasance 12/31/08 0 51654 National Road
120 Defeasance 12/31/08 0 585 North Carolina/Hwy 9
120 Defeasance 1/31/09 0 1370 Monument Boulevard
120 Defeasance 10/31/08 0 3344 Castle Heights Ave.
180 Defeasance 12/31/13 0 101 Broadway
180 Defeasance 9/30/13 0 1630-38 12th Street
120 Defeasance 7/31/08 0 1055-1095 Tully Road
120 Defeasance 12/31/08 0 4833 Hixson Pike
120 Defeasance 12/31/08 0 64-10 108th Street
120 Defeasance 9/30/08 0 1901-2009 Black Rock Turnpike
180 Defeasance 7/31/13 0 111-123 Bath Avenue
120 Defeasance 11/30/08 0 13810-14090 NE Sandy Boulevard
180 Defeasance 9/30/13 0 1615 16th Street and 1616 17th Street
120 Defeasance 9/30/08 0 422 East 32nd Street
180 Defeasance 1/31/14 0 314 Silent Valley Rd
180 Defeasance 10/31/13 0 5415-55 Reistertown Road
120 Defeasance 9/30/08 0 6822 Oak Hall Lane
120 Defeasance 12/31/08 0 1106-1112 North La Cienga Boulevard
180 Defeasance 9/30/13 0 5839 Green Valley Circle
180 Defeasance 9/30/13 0 5855 Green Valley Circle
96 Defeasance 6/30/06 0 450 Domino Lane
120 Defeasance 12/31/08 0 1415-1419 2nd Street
180 Defeasance 6/30/13 0 4502-4622 West Indian School Road
120 Defeasance 8/31/08 0
State Route 7
County Route 11
120 Defeasance 6/30/08 0 2465 South 19th Avenue
120 Defeasance 10/31/08 0 3424 Simpson Ferry Road
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
City State Zip Code Property Type Year Built/Renovated
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Office
East Hartford CT 11969 Office 1972
Southfield MI 48075 Office 1973
San Diego CA 92123 Office 1991
Hartford CT 06105 Multifamily Early 1980's
San Diego CA 91950 Retail, Anchored 1997
Dallas TX 75235 Office 1984-1997
Falls Church VA 22044 Retail, Anchored 1996
Other
New York NY 10019 Other 1998
New York NY 10019 Other 1993
New York NY 10016 Multifamily 1978
San Diego CA 92108 Hotel 1995-1997/ $1.45MM
Columbus GA 31908 Multifamily 1985-87
Dumont NJ 07628 Mixed-Use 1997
New York NY 10001 Office 1925
Los Angeles CA 90020 Multifamily 1997
Hotel
West Middlesex PA 16159 Hotel 1989
Dundee MI 48131 Hotel 1989
Elyria OH 44035 Hotel 1997
Georgetown KY 40324 Hotel 1992-1998
Medina OH 44256 Hotel 1995
New York NY 10019 Multifamily 1995-1997
Dover DE 19904 Retail, Anchored 1998
Bronx NY 10452 Multifamily 1967
New York NY 10016 Office 1996
Columbus GA 31904 Multifamily 1995-1996
Trumbull CT 06611 Theater 1994
Orlando FL 32819 Hotel 1978
Doylestown PA 18934 Office 1996-1998
New York NY 10012 Office 1985 - present
Uwchlan PA 19341 Office 1988
Columbus GA 31904 Retail, Unanchored 1995 / 1988
Timonium MD 21093 Retail, Unanchored 1996
Encino CA 91416 Office 1998
New York NY 10036 Office 1994-1997
New York NY 10012 Mixed-Use 1986
Brownsville TX 78523 Hotel 1996-1998
Simi Valley CA 93065 Industrial/Warehouse 1986
Las Vegas NV 89119 Multifamily 1997/98
Kingstown MA 02364 Retail, Anchored 1996
Boston MA 02135 Multifamily 1993-1998
Arcadia CA 91006 Retail, Anchored 1965
Newton NJ 07860 Multifamily 1972
Phoenix AZ 85032 Retail, Anchored 1987
Danbury CT 06810 Industrial/Warehouse 1991
Dallas TX 75223 Office 1963
Manchester NH 03103 Retail, Anchored 1991
Sacramento CA 95816 Mixed-Use 1986
Multifamily
Duluth MN 55811 Multifamily 1972
Minneapolis MN 55404 Multifamily 1963-1966
San Jose CA 95630 Retail, Anchored 1986
West Fargo ND 58078 Mobile Home Park 1978
Longmont CO 80503 Multifamily 1980
Rye NY 10580 Office 1998
Kingman AZ 86401 Retail, Anchored 1973
Ventura CA 93003 Industrial/Warehouse 1983
Marlton NJ 08053 Multifamily 1967
Van Nuys CA 91405 Multifamily 1987
St. Cloud MN 56303 Multifamily 1974
San Jose CA 95121 Retail, Unanchored 1998
New York NY 10017 Office 1990
Bethlehem PA 18018 Mixed-Use 1998
Ministorage
Milpitas CA 95035 Retail 1991
San Jose CA 95136 Ministorage 1988
Newbury Park CA 91320 Industrial/Warehouse 1985
Newark DE 19711 Mixed-Use 1998
Moorestown NJ 08057 Industrial/Warehouse 1997
Fairfield CT 06430 Mixed-Use 1987
Northfield NJ 08225 Retail, Unanchored 1996
Newark DE 19711 Mixed-Use 1998
Scottsdale AZ 85251 Congregate Care 1986
Allentown PA 18103 Hotel 1996
Santa Monica CA 90401 Office 1988
Encinitas CA 92024 Retail, Unanchored 1979
Niles OH 44446 Multifamily 1971
Narberth PA 19072 Multifamily 1988
Chestnut Hill PA 19118 Multifamily 1998
Phoenix AZ 85040 Industrial/Warehouse 1975
North Tonawanda (Buffalo) NY 14120 Retail 1982
Philadelphia PA 19152 Office 1971-1962
Simi Valley CA 93065 Industrial/Warehouse 1984
Philadelphia PA 19102 Office 1980
Houma LA 70361 Retail, Anchored 1983
Simi Valley CA 93065 Ministorage 1985
Multifamily
New York NY 10014 Multifamily 1988
New York NY 10028 Multifamily 1988
New York NY 10016 Multifamily 1988
Multifamily
Village of Palm Springs FL 33461 Multifamily 1974
Village of Palm Springs FL 33461 Multifamily 1997-1998
Lathrop CA 95330 Hotel 1996
Madison NJ 07940 Retail, Anchored 1987
Everett WA 98203 Ministorage 1970
Brooklyn NY 11212 Other 1994
San Diego County CA 92075 Retail, Anchored 1997
Phoenix AZ 85009 Industrial/Warehouse 1985
Philadelphia PA 19128 Multifamily 1961
Seattle WA 98101 Mixed-Use 1982
Minneapolis MN 55419 Multifamily ongoing
Houma LA 70364 Retail, Anchored 1996
Hayward CA 94541 Hotel 1996-1998
Sanford ME 04073 Mixed-Use 1997
Ventura CA 93003 Industrial/Warehouse 1985
Montclair NJ 07042 Multifamily 1998
Saginaw MI 48603 Retail, Anchored 1970, 1971
Bala Cynwyd PA 19004 Multifamily 1954
Santa Monica CA 90401 Mixed-Use 1990
St. Clairsville OH 43950 Hotel 1997
Black Mountain NC 28711 Hotel 1995
Concord CA 94520 Hotel 1984
Los Angeles CA 90034 Multifamily 1989
Santa Monica CA 90401 Mixed-Use 1994
Santa Monica CA 90404 Office 1997
San Jose CA 95121 Retail, Unanchored 1985
Chattanooga TN 37343 Hotel 1994
Forest Hills (Queens) NY 11375 Retail, Anchored 1955
Fairfield CT 06430 Retail, Anchored 1959-1970
Long Branch NJ 07740 Multifamily 1953
Portland OR 97230 Retail, Unanchored 1987
Santa Monica CA 90403 Office 1997
Holland MI 49423 Hotel 1987
Lockhart TX 78644 Mobile Home Park 1984
Baltimore MD 21045 Retail, Unanchored 1993
Columbia MD 21045 Office 1978
West Hollywood CA 90069 Retail, Unanchored 1989
Culver City CA 90232 Office 1979
Culver City CA 90232 Office 1978
Philadelphia PA 19128 Multifamily 1963
Santa Monica CA 90401 Office 1995
Phoenix AZ 85031 Industrial/Warehouse 1988
Unadilla NY 13820 Mobile Home Park 1990
Laurens NY 13820 Mobile Home Park 1990
Phoenix AZ 85007 Industrial/Warehouse 1985
Camp Hill PA 17011 Retail, Unanchored 1983
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Square Feet # of Units Cut-Off Balance Per Sq Ft Cut-Off Balance Per Unit Occupancy Occupancy Date
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
390106 92.8% 01-Aug-98
251683 78.0% 01-Oct-98
215503 83.28 99.7% 02-Nov-98
361228 584 39.03 24,143.84 98.0% 01-Oct-98
132873 87.06 100.0% 01-Sep-98
137486 81.72 100.0% 01-Nov-98
206645 52.45 89.6% 30-Jun-98
42150 100.0% 01-Nov-98
18000 100.0% 01-Nov-98
3850 128 2,718.74 81,774.55 100.0% 09-Nov-98
307 30,944.63 83.1% 31-Oct-98
284 33,333.74 97.5% 29-Jul-98
77757 26 120.66 360,851.87 100.0% 01-Sep-98
160279 49.89 100.0% 01-Dec-98
155 48,490.97 100.0% 30-Sep-98
61 68.0% 31-Oct-98
64 59.3% 31-Oct-98
65 68.5% 31-Oct-98
67 63.9% 31-Oct-98
79 61.7% 31-Oct-98
87200 99 80.02 70,485.59 97.0% 01-Sep-98
93068 74.85 81.2% 16-Oct-98
139 46,614.00 97.0% 09-Sep-98
86250 73.98 93.0% 28-Jul-98
172 37,079.19 98.2% 28-Jul-98
51000 124.97 100.0% 01-Nov-98
355 18,028.17 89.3% 31-Oct-98
63393 95.96 100.0% 12-Aug-98
122100 49.30 99.3% 01-Dec-98
107437 55.72 96.6% 13-Oct-98
128187 45.12 92.3% 30-Oct-98
59620 93.88 94.8% 30-Sep-98
64554 40 85.99 138,773.67 84.0% 01-Oct-98
57086 96.29 100.0% 01-Dec-98
35733 153.32 84.6% 01-Oct-98
122334 272 43.77 19,687.27 67.7% 31-Aug-98
104202 48.37 92.7% 14-Aug-98
267340 324 18.65 15,392.37 93.2% 05-Aug-98
134788 36.93 93.7% 01-Jul-98
38970 101 127.60 49,234.20 96.0% 15-Oct-98
56297 83.13 100.0% 28-Oct-98
142796 168 32.19 27,362.94 98.2% 30-Nov-98
106625 42.21 100.0% 01-Sep-98
278000 15.81 100.0% 16-Sep-98
50583 84.70 93.2% 01-Oct-98
46426 92.09 100.0% 01-Jul-98
61254 16 69.23 265,054.78 96.5% 24-Aug-98
87930 60 100.0% 01-Oct-98
74068 122 100.0% 15-Oct-98
32326 130.57 89.9% 30-Sep-98
375 11,230.29 99.2% 01-Jul-98
107 39,106.47 99.1% 30-Jun-98
44708 93.42 100.0% 01-Oct-98
103951 39.89 97.8% 18-Sep-98
114348 36.22 85.3% 14-Aug-98
128 32,159.80 95.3% 06-Oct-98
85 48,091.38 97.6% 28-Oct-98
203 19,660.65 100.0% 17-Nov-98
46753 85.27 96.1% 10-Sep-98
51539 77.35 100.0% 16-Sep-98
59996 65.49 97.0% 13-Aug-98
19359 96.4% 01-Sep-98
23244 415 100.0% 21-Sep-98
85204 45.68 98.6% 13-Aug-98
48563 42 80.13 92,650.75 92.9% 27-Oct-98
77700 48.06 100.0% 01-Oct-98
68054 54.19 98.8% 13-Oct-98
48220 72.47 93.5% 28-Oct-98
16220 20 215.31 174,619.08 92.3% 28-Oct-98
119875 135 29.13 25,864.61 98.5% 29-Sep-98
70 49,391.18 74.5% 31-Aug-98
34969 98.57 100.0% 01-Aug-98
47609 32 69.25 103,028.93 97.7% 19-Nov-98
306 10,941.14 97.7% 25-Sep-98
62 52,223.56 100.0% 05-Oct-98
88 35,664.04 97.7% 05-Oct-98
88507 34.80 100.0% 08-Jun-98
80078 37.75 100.0% 01-Oct-98
78289 38.32 88.1% 01-Dec-98
61649 48.16 97.0% 14-Aug-98
53574 53.97 100.0% 07-Sep-98
58332 48.50 100.0% 08-Apr-98
82333 812 33.94 3,441.35 96.9% 16-Aug-98
3158 8 100.0% 07-Oct-98
9065 20 100.0% 07-Oct-98
10461 7 100.0% 07-Oct-98
51408 56 100.0% 01-Nov-98
38280 40 100.0% 01-Nov-98
66 40,079.81 78.9% 01-Apr-98
83775 31.44 97.6% 24-Sep-98
57343 601 45.20 4,312.30 92.0% 14-Nov-98
83360 29.90 100.0% 01-Jul-98
22318 111.29 97.4% 07-Dec-98
150280 16.40 100.0% 21-Oct-98
147 16,531.59 97.0% 01-Oct-98
29820 10 79.94 238,368.45 100.0% 24-Nov-98
157 14,926.74 98.7% 31-Aug-98
122009 19.12 100.0% 29-Sep-98
99 23,232.32 68.6% 30-Sep-98
74790 26 30.67 88,220.01 89.8% 15-Aug-98
65292 48 34.77 47,300.63 94.0% 14-Aug-98
43 51,991.43 100.0% 06-Oct-98
38139 57.48 100.0% 30-Sep-98
50 43,532.60 98.0% 06-Oct-98
14553 5 149.45 435,000.00 100.0% 28-Dec-98
65 32,283.04 70.0% 31-Oct-98
56192 57 33.79 33,308.40 63.8% 31-Dec-97
28632 42 69.85 47,619.05 78.2% 30-Sep-98
34 58,682.68 100.0% 13-Oct-98
12580 12 158.55 166,212.54 100.0% 06-Jan-98
19335 100.26 100.0% 21-Sep-98
17061 107.75 100.0% 13-Oct-98
57 32,075.04 67.0% 30-Sep-98
49383 36.43 100.0% 22-Oct-98
106716 16.81 100.0% 13-Oct-98
80 22,089.82 97.5% 30-Jun-98
28191 12 59.31 139,331.76 91.7% 01-Sep-98
14438 113.56 100.0% 24-Jun-98
46252 71 34.45 22,440.62 58.1% 30-Apr-98
191 7,853.40 93.2% 01-Nov-98
44000 33.82 100.0% 01-Jul-98
40000 36.64 100.0% 01-Oct-98
15316 91.32 100.0% 21-Dec-98
30652 45.53 100.0% 02-Nov-98
41006 34.03 88.0% 02-Nov-98
86 16,147.13 96.5% 01-Oct-98
12200 1 106.56 1,300,000.00 100.0% 08-Dec-98
83318 15.55 99.3% 01-Oct-98
54 96.0% 16-Mar-98
74 96.0% 16-Mar-98
174477 6.05 94.0% 15-Jul-98
11220 65.77 100.0% 06-Jul-98
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Replacement Annual Replacement
Reserves Per SqFt Reserves Per Units Largest Tenant Largest Tenant SqFt Largest Tenant Expiration
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
0.20 Fleet Bank 148000 31-Dec-06
0.20 Health Alliance Plan "HAP" 60626 01-Jan-99
- ITT Technical Institute 39534 01-Feb-09
250.00
- Auto Parts Club 42560 31-Aug-08
- First Plus 149800 31-Jan-13
- Ames 77120 01-Jul-16
0.25 Unitel Video, Inc. 42150 31-Aug-13
0.25 Unitel Video, Inc. 18000 31-Aug-13
11.24 337.97
1,078.30
-
0.19 565.91 Grand Union 44282 31-Oct-17
0.20 Mary McFadden 15100 30-Jun-02
298.00
675.34
617.81
702.28
528.36
683.54
- -
0.12 Food Lion 37909 30-Nov-17
250.00
- Color by Pergament 36000 01-Jun-06
-
0.15 Crown Theaters L.P. 51000 30-Nov-14
815.66
0.05 DVI Inc. 27604 14-Aug-07
- Zara International, Ltd 18800 20-Jan-10
0.15 Bell Atlantic 24176 30-Apr-01
0.15 Supervalue 43700 30-Apr-08
- US Martial Arts 6108 31-Dec-00
0.14 225.00 Pejman Salimpour 6519 31-Jul-02
0.15 NYC OTB Corp 4820 31-Dec-04
0.26 Country Road 7750 31-Mar-03
1.26 509.68
0.15 Frederick Klingenstein 8736 31-Jan-99
- -
0.15 Victory Supermarket 60000 31-Jul-11
0.65 250.00
0.15 Vons 24600 01-Feb-02
250.00
0.07 Safeway 42215 05-May-04
0.10 Pitney Bowes 278000 30-Sep-02
- Texas Cardiology 12342 30-Nov-02
0.15 Sears 36768 31-Jul-00
- John Robert Powers 10000 28-Feb-08
0.08 246.00
250.00
0.15 Blockbuster Video 4526 31-Aug-02
50.53
201.87
- Mobius Management Systems Inc 44708 28-Feb-08
0.15 Safeway 37325 31-Mar-99
0.15 Jaycor 6008 31-Oct-99
225.00
265.00
250.00
0.15 Maxim Supermarket 19063 27-Aug-08
- Duane Reade 8800 01-May-06
0.15 Cabot Marsh 22160 08-May-08
-
- -
0.15 Classic Components 5064 01-Apr-00
0.24 273.48 Delaware Eye Care 4375 31-May-13
0.15 Schlumberger Technologies 77700 15-Apr-03
0.15 Sprouts 8625 20-Feb-02
0.15 World Gym 14992 14-Jul-07
0.45 365.08 The Learning Station 11460 31-Aug-08
- -
1,100.23
0.21 Berlitz International 12275 30-Jun-06
0.15 223.00 El Camino Transmission 8300 31-Jul-03
250.00
225.00
252.84
0.15 Department of Economic Security (DES) 44987 30-Jun-02
- Jubilee Foods 36915 05-Jul-03
0.20 ATI Resources 6923 31-May-04
0.15 World Circuit 11921 28-Feb-99
0.10 Holiday Universal 20662 31-May-10
0.15 Delchamps 33387 30-Sep-03
0.15 15.21 N/A
2.77 1,093.76
- -
- -
0.27 250.00
0.26 250.00
550.78
0.15 Staples, Inc. 24000 31-Jan-02
0.15 13.84
0.15 The New York School of Construction 83360 31-Aug-09
Authority
- Vons 49895 31-Dec-17
0.20 Engine Supply Co. 150280 24-Feb-08
225.00
- - Fine - Com Corporation 6540 15-Apr-01
275.00
0.15 Kmart 92039 30-Nov-01
676.27 Carrows Restaurant (pad lease) 3900 08-Jul-08
0.15 428.80 State of Maine 14296 15-May-08
0.15 204.04 Pamela Stephens 7000 31-Aug-99
268.00
0.15 Arbor Drugs 10500 31-May-00
225.00
0.17 495.00 Jigsaw 5105 31-Oct-01
791.37
-
1.45 991.88
202.00
0.32 334.00 Rebecca's 3250 31-Jan-04
0.15 @ Radical Media 19335 30-Jun-07
0.23 Pho Kin 2514 31-Dec-03
752.63
0.15 Waldbaums Supermarket 20815 03-Dec-99
- Shaw's 38675 31-Jan-01
250.00
0.37 869.00 H&H Kids 7400 30-Sep-07
0.15 Adventure Film & Tape 7219 14-Jan-03
0.94 615.00
50.01
0.15 Zion Temple 12171 31-Jan-03
0.22 MAI - Chaimson, Inc. 40000 31-Dec-10
- LA Health Management 3800 30-Aug-03
0.25 Genetics 5745 30-Aug-99
0.21 Signature 2938 09-Oct-03
225.00
0.15 Silicon Graphics 8600 31-Dec-99
- Ariz Fitness 13824 31-Aug-03
50.00
50.00
- Smith Moulding 35750 31-Jan-03
0.16 Sunrise Computers 5400 31-May-02
</TABLE>
<PAGE>
2nd Largest
<TABLE>
<CAPTION>
2nd Largest Tenant 2nd Largest Tenant SqFt Tenant Expiration Cross-Collateralized Cross-Collateral Desc
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
TRUE Multiple Properties
Phoenix Home Life 44882 31-May-02 TRUE Multiple Properties
Lutheran Social Service 37201 15-Dec-07 TRUE Multiple Properties
Paychex 23329 01-Mar-01 FALSE
FALSE
Office Depot 30686 30-Apr-12 FALSE
FALSE
Olympus Gym 20000 01-Feb-02 FALSE
TRUE Mutiple Properties
TRUE Mutiple Properties
TRUE Mutiple Properties
FALSE
FALSE
FALSE
Health Net 4275 30-Jun-02 FALSE
One Notch Up 8500 31-May-04 FALSE
FALSE
TRUE Mutiple Properties
TRUE Mutiple Properties
TRUE Mutiple Properties
TRUE Mutiple Properties
TRUE Mutiple Properties
TRUE Mutiple Properties
FALSE
Goodwill 12000 30-Sep-03 FALSE
FALSE
Health Services for Women 29000 31-Dec-00 FALSE
FALSE
FALSE
FALSE
Merrill Lynch 9610 31-Mar-08 FALSE
Lee, Lin & Tong 9600 28-Feb-02 FALSE
Allstate 18118 30-Sep-02 FALSE
Office Depot 27256 01-Jul-10 FALSE
Bryn Mawr 5436 30-Sep-00 FALSE
Indianer, Lasa, Rosen 4829 31-Jul-02 FALSE
Christopher Designes 4098 30-Apr-00 FALSE
Smatt Florence 6198 30-Jun-03 FALSE
FALSE
Robert Williams 5290 31-Jul-99 FALSE
FALSE
Ocean State Job Lot 27768 28-Feb-03 FALSE
FALSE
Thrifty Drug 17000 01-Aug-01 FALSE
FALSE
Walgreens 13000 31-Mar-15 FALSE
FALSE
The Arthritis Centers 6506 30-Sep-02 FALSE
Pizzeria Uno 6312 30-Sep-10 FALSE
RE/Max 2990 30-Jun-03 FALSE
TRUE Mutiple Properties
TRUE Mutiple Properties
TRUE Mutiple Properties
Round Table Pizza 4000 31-Jan-01 FALSE
FALSE
FALSE
FALSE
JC Penney's 20200 01-Mar-04 FALSE
Implantech Association 5357 31-Jan-99 FALSE
FALSE
FALSE
FALSE
Goldilocks Bakery 2093 27-Aug-03 FALSE
Lucent Technology 7200 30-Jun-00 FALSE
Bethlehem Beer Works 7511 19-Apr-08 FALSE
TRUE Multiple Properties
TRUE Multiple Properties
TRUE Multiple Properties
RM Controls 3474 30-Sep-00 FALSE
Plant Wholesale 1180 14-Sep-03 FALSE
FALSE
Fairmart Drugs 8000 31-Jan-00 FALSE
Big M, Inc. 9815 31-Jan-03 FALSE
Mellon Bank 1500 30-Nov-08 FALSE
FALSE
FALSE
Determined Productions 6145 30-Apr-99 FALSE
Fender Mender 8260 31-Mar-04 FALSE
FALSE
FALSE
FALSE
John H. Harland Co. 33076 01-Aug-00 FALSE
DeGraff Hospital 12113 31-Aug-05 FALSE
Federation Daycare 6923 31-May-02 TRUE Muliple Properties
Paul Teagle 7632 30-Nov-98 FALSE
Tele America Media, Inc. 6308 31-Mar-08 FALSE
Rod Hill Ent., Inc. 8450 14-Nov-99 FALSE
N/A FALSE
TRUE Multiple Properties
TRUE Multiple Properties
TRUE Multiple Properties
TRUE Mutiple Properties
TRUE Mutiple Properties
TRUE Mutiple Properties
FALSE
Plaza Lanes 22500 30-Sep-01 FALSE
FALSE
FALSE
Ross Store 30051 31-Jan-03 FALSE
FALSE
FALSE
La Fiesta Inc. 4477 31-Jul-04 FALSE
FALSE
A&P (Weiners) 29970 30-Sep-04 FALSE
JT's Fuel & Service (pad lease) 2000 30-Jun-14 FALSE
Body Works 9325 30-Nov-04 FALSE
Michael Janowski 4840 30-Apr-00 FALSE
FALSE
Panorama Videos 7650 31-Dec-00 FALSE
FALSE
W/F Tudor House 3862 31-Dec-00 FALSE
FALSE
FALSE
FALSE
FALSE
Sit Still 1100 25-Sep-99 FALSE
FALSE
Apple Video 2226 20-Dec-98 FALSE
FALSE
Republic National Bank 12171 31-Jan-03 FALSE
United Home Care 16550 31-Jul-00 FALSE
FALSE
Royal Garden Restaurant 4000 30-Sep-04 FALSE
Admusic Inc. 7219 31-Jan-08 FALSE
FALSE
FALSE
Murray's Steaks (Food Market) 11000 31-Jul-02 FALSE
FALSE
Head Shot Photo 3033 FALSE
Walker Associates West 5023 31-Mar-00 FALSE
S.O.S. Enterprises 2457 14-Aug-99 FALSE
FALSE
Silcon Graphics 3600 31-Dec-00 FALSE
Communications Test Design 9846 31-Aug-03 FALSE
FALSE
Globe Furniture 33000 31-Jan-99 FALSE
Mr. Mattress 4000 18-Nov-02 FALSE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Release Provisions? Release Provision Terms Tax Escrow Insurance Escrow Replacement Escrow Springing Escrow Description
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Yes 1.38x DSCR at Par Yes Yes Yes
Yes 1.38x DSCR at Par Yes Yes Yes
No Yes No Yes Insurance
No Yes Yes Yes
No Yes No Yes Insurance
No Yes No No RR, Insurance
No Yes Yes No Replacement
No Yes No Yes Insurance
No Yes No Yes Insurance
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes No Replacement reserve
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No No No No RR, Tax, Ins
No Yes Yes Yes
No Yes Yes Yes
No Yes No No RR, Insurance
No Yes Yes No RR
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes No Yes
No Yes No Yes Insurance
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No No No Yes Tax and Ins
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No No No Yes Taxes & Insurance
No Yes Yes No Rep Res
No Yes Yes Yes
No No No Yes Tax, Ins., Ground Rent
Yes TRUE
Yes Yes Yes Yes
Yes Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes No Yes Insurance
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes No Yes Insurance
No No No Yes Tax, Insurance
No Yes Yes Yes
No Yes Yes Yes
No No No No RR, Tax & Insurance
No Yes Yes Yes
No Yes Yes Yes
No No No No
No Yes Yes Yes
No Yes Yes Yes
No No No Yes Tax and Ins
No Yes Yes Yes RR, Tax, Ins
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes No RR
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes No
No Yes No Yes
No Yes No Yes Insurance
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes No Yes Insurance
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes None
No Yes Yes Yes None
Yes Yes Yes None
Yes 1.46x DSCR - 125% Yes Yes Yes
Defeasance Release
Yes 1.46x DSCR - 125% Yes Yes Yes
Defeasance Release
No Yes Yes Yes
No Yes No Yes Insurance
No Yes Yes Yes
No No Yes Yes Tax
No Yes No Yes Insurance
No Yes Yes Yes
No Yes No Yes Insurance
No Yes Yes No Replacement Reserve
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes No Yes Insurance
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes No
No Yes Yes Yes
No Yes Yes Yes None
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes No Yes Springing to $20,000 per annum
No Yes Yes Yes None
No Yes Yes Yes
No Yes Yes Yes
No
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes Yes Yes
No Yes No Yes Insurance
No Yes Yes Yes
No Yes No No Insurance
No
Yes Yes Yes
Yes Yes Yes
No Yes No No Insurance
No Yes Yes Yes
</TABLE>
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