|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: MONEY STORE COMMERCIAL MORTGAGE INC, 8-K, 2000-12-08 |
Next: KORMAN BERNARD J, 4, 2000-12-08 |
<PAGE>
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED AS
OF MAY 31, 1999, THE MONEY STORE COMMERCIAL MORTGAGE, INC. REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE JULY 12, 1999
DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $4,593,966.31 $712,041.54
ADJ: RECALCULATION 0.00 0.00
------------- -----------
4,593,966.31 712,041.54
LESS: SERVICING FEE 182,244.71 19,984.13
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
------------- -----------
182,244.71 19,984.13
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 0.00 0.00
------------- -----------
0.00 0.00
------------- -----------
POOL AVAILABLE REMITTANCE AMOUNT 4,411,721.60 692,057.41
============= ===========
2. (A) ORIGINAL CLASS AS-1 NOTE
PRINCIPAL BALANCE 137,788,000.00
(B) ORIGINAL CLASS AS-2 NOTE
PRINCIPAL BALANCE 141,057,000.00
(C) ORIGINAL CLASS AS-3 NOTE
PRINCIPAL BALANCE 190,443,000.00
(D) ORIGINAL CLASS MS-1 NOTE
PRINCIPAL BALANCE 22,084,000.00
(E) ORIGINAL CLASS MS-2 NOTE
PRINCIPAL BALANCE 23,463,000.00
(F) ORIGINAL CLASS BS NOTE
PRINCIPAL BALANCE 12,423,000.00
(G) ORIGINAL CLASS AN NOTE
PRINCIPAL BALANCE 55,395,000.00
(H) ORIGINAL CLASS MN NOTE
PRINCIPAL BALANCE 2,229,000.00
(I) ORIGINAL CLASS BN NOTE
PRINCIPAL BALANCE 4,457,000.00
</TABLE>
Page 1 of 8
<PAGE>
<TABLE>
<S> <C> <C>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS:
CLASS AS-1 497,127.63
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT: 497,127.63
CLASS AN 527,400.34
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT: 527,400.34
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 330,538.10
CLASS AS-2 349,037.71
CLASS AS-3 446,059.83
CLASS MS-1 59,062.43
CLASS MS-2 66,921.69
CLASS BS 45,095.49
CLASS AN 139,533.85
CLASS MN 6,357.60
CLASS BN 16,178.91
6. PRINCIPAL PREPAYMENTS DURING THE # OF PRINCIPAL
DUE PERIOD ACCTS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 0.00
POOL II 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 529,909.18
POOL II 238,417.49
9. AMOUNT OF INTEREST RECEIVED
POOL I 4,064,057.13
POOL II 473,624.05
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION 7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 0.00
POOL II 0.00
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
</TABLE>
Page 2 of 8
<PAGE>
<TABLE>
<S> <C>
12. THE AMOUNT OF REALIZED LOSSES INCURRED DURING THE
DUE PERIOD
POOL I 0.00
POOL II 0.00
13. THE INTEREST SHORTALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION ACCOUNT
POOL I 2,551,971.47
POOL II 0.00
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 137,290,872.37
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 526,760,872.37
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 54,867,599.66
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 61,553,599.66
</TABLE>
Page 3 of 8
<PAGE>
<TABLE>
<S> <C> <C>
16. EXCESS SPREAD
POOL I 2,519,189.92
POOL II 0.00
TOTAL EXCESS SPREAD (POOL I and II) 2,519,189.92
17. (A) SPREAD AMOUNT
POOL I 38,682,367.63
POOL II 6,189,624.26
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 65,907.25
POOL II 2,586.71
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
------ -------
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 182,244.71 19,984.13
(F) SECTION 4.04 (h) 0.00 0.00
</TABLE>
Page 4 of 8
<PAGE>
<TABLE>
<S> <C> <C>
21. CLASS AS-1 POOL FACTOR
CURRENT CLASS AS-1 PRINCIPAL BALANCE 137,290,872.37 0.99639208
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00 1.00000000
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00 1.00000000
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00 1.00000000
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00 1.00000000
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00 1.00000000
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 526,760,872.37 0.99905715
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 54,867,599.66 0.99047928
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00 1.00000000
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00 1.00000000
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 61,553,599.66 0.99150464
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 8.915%
POOL II 9.481%
--------------- ------------
(B) WEIGHTED AVERAGE LOAN INTEREST RATE FOR 05/31/99 06/30/99
--------------- ------------
POOL I 8.920% 8.915%
POOL II 9.480% 9.481%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 5.39750%
CLASS AS-2 5.56750%
CLASS AS-3 5.27000%
CLASS MS-1 6.01750%
CLASS MS-2 6.41750%
CLASS BS 8.16750%
CLASS AN 5.66750%
CLASS MN 6.41750%
CLASS BN 8.16750%
</TABLE>
Page 5 of 8
<PAGE>
<TABLE>
<S> <C> <C>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 5.16750%
AUCTION RATE 5.27000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS'
INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The
Money Store Commercial Mortgage, Inc., complied with section 7.10 of
the Sale and Servicing Agreement dated May 31, 1999 pertaining to
Series 1999-1 in preparing the accompanying Trust Administrator's
Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 6 of 8
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - JUNE 30, 1999
FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
-------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
-------------------------------------------------------------------------------
POOL I $551,607,034.85 729 1 TO 29 DAYS 40,442,834.43 59 7.33%
30 TO 59 DAYS 3,192,630.96 4 0.58%
60 TO 89 DAYS 1,321,593.91 2 0.24%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $44,957,059.30 65 8.15%
==========================
POOL II $ 63,434,986.97 129 1 TO 29 DAYS 4,614,770.49 7 7.27%
30 TO 59 DAYS 0.00 0 0.00%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $ 4,614,770.49 7 7.27%
==========================
Page 7 of 8
<PAGE>
The following additional information, presented in dollars, pursuant to Section
7.10, subclauses (ii), (vi), (vii), (viii), (xiii) and (xv) is provided for each
Class per $25,000 original dollar amount as of the Cut-off Date.
Subclause Class AS-1 Class AS-2 Class AS-3
--------- ---------- ---------- ----------
(ii) 25,000 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 96 0 0
(xv) (a) 24,910 0 0
(b) 0 25,000 0
(c) 0 0 25,000
Class MS-1 Class MS-2 Class BS
---------- ---------- --------
(ii) 25,000 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (d) 25,000 0 0
(e) 0 25,000 0
(f) 0 0 25,000
Class AN Class MN Class BN
-------- -------- --------
(ii) 25,000 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (h) 24,762 0 0
(i) 0 25,000 0
(j) 0 0 25,000
Page 8 of 8
<PAGE>
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED AS
OF MAY 31, 1999, THE MONEY STORE COMMERCIAL MORTGAGE, INC. REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE AUGUST 11, 1999
DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $4,528,032.97 $690,430.04
ADJ: RECALCULATION 0.00 0.00
------------- -----------
4,528,032.97 690,430.04
LESS: SERVICING FEE 169,992.86 20,856.07
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
------------- -----------
169,992.86 20,856.07
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 9,618.63 0.00
------------- -----------
9,618.63 0.00
------------- -----------
POOL AVAILABLE REMITTANCE AMOUNT 4,367,658.74 669,573.97
============= ===========
</TABLE>
<TABLE>
<S> <C>
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 137,290,872.37
(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 141,057,000.00
(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 190,443,000.00
(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 22,084,000.00
(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 23,463,000.00
(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 12,423,000.00
(G) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 54,867,599.66
(H) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 2,229,000.00
(I) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 4,457,000.00
</TABLE>
Page 1 of 8
<PAGE>
<TABLE>
<S> <C> <C>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS:
CLASS AS-1 524,941.76
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT: 524,941.76
CLASS AN 344,841.50
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT: 344,841.50
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 660,216.55
CLASS AS-2 699,642.72
CLASS AS-3 893,812.48
CLASS MS-1 118,370.24
CLASS MS-2 134,104.08
CLASS BS 90,329.01
CLASS AN 277,020.41
CLASS MN 12,739.97
CLASS BN 32,407.34
6. PRINCIPAL PREPAYMENTS DURING THE # OF PRINCIPAL
DUE PERIOD ACCTS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 75,000.00
POOL II 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 449,941.76
POOL II 196,088.90
9. AMOUNT OF INTEREST RECEIVED
POOL I 4,003,091.21
POOL II 494,341.14
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION 7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 9,618.63
POOL II 0.00
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
</TABLE>
Page 2 of 8
<PAGE>
<TABLE>
<S> <C>
12. THE AMOUNT OF REALIZED LOSSES INCURRED DURING THE
DUE PERIOD
POOL I 0.00
POOL II 0.00
13. THE INTEREST SHORTALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION ACCOUNT
POOL I 1,170,778.15
POOL II 0.00
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE
ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 136,765,930.61
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE
ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE
ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE
ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE
ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE
ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE
ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 526,235,930.61
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE
ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 54,522,758.16
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE
ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE
ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE
ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 61,208,758.16
</TABLE>
Page 3 of 8
<PAGE>
<TABLE>
<S> <C> <C>
16. EXCESS SPREAD
POOL I 1,170,778.16
POOL II 148,752.60
TOTAL EXCESS SPREAD (POOL I and II) 1,319,530.75
17. (A) SPREAD AMOUNT
POOL I 38,649,586.08
POOL II 6,478,607.11
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 65,845.11
POOL II 2,564.74
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
------ -------
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 169,992.86 20,856.07
(F) SECTION 4.04 (h) 0.00 0.00
</TABLE>
Page 4 of 8
<PAGE>
<TABLE>
<S> <C> <C>
21. CLASS AS-1 POOL FACTOR
CURRENT CLASS AS-1 PRINCIPAL BALANCE 136,765,930.61 0.99258230
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00 1.00000000
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00 1.00000000
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00 1.00000000
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00 1.00000000
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00 1.00000000
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 526,235,930.61 0.99806154
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 54,522,758.16 0.98425414
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00 1.00000000
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00 1.00000000
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 61,208,758.16 0.98594994
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 8.917%
POOL II 9.481%
-------------- --------------
(B) WEIGHTED AVERAGE LOAN INTEREST RATE FOR 05/31/99 06/30/99
-------------- --------------
POOL I 8.920% 8.915%
POOL II 9.480% 9.481%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 5.41000%
CLASS AS-2 5.58000%
CLASS AS-3 5.28000%
CLASS MS-1 6.03000%
CLASS MS-2 6.43000%
CLASS BS 8.18000%
CLASS AN 5.68000%
CLASS MN 6.43000%
CLASS BN 8.18000%
</TABLE>
Page 5 of 8
<PAGE>
<TABLE>
<S> <C> <C>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP LIBOR PLUS MARGIN OR
AUCTION RATE FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 5.18000%
AUCTION RATE 5.28000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS' INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Commercial Mortgage, Inc., complied with section 7.10 of the Sale and Servicing
Agreement dated May 31, 1999 pertaining to Series 1999-1 in preparing the
accompanying Trust Administrator's Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 6 of 8
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - JULY 31, 1999
FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
POOL I $551,082,093.09 729 1 TO 29 DAYS 42,821,660.85 62 7.77%
30 TO 59 DAYS 1,072,098.09 3 0.19%
60 TO 89 DAYS 2,561,096.64 3 0.46%
90 AND OVER 1,321,593.91 2 0.24%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $47,776,449.49 70 8.67%
==========================
POOL II $ 63,238,898.07 129 1 TO 29 DAYS 4,510,980.88 5 7.13%
30 TO 59 DAYS 1,285,000.00 2 2.03%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $ 5,795,980.88 7 9.17%
==========================
</TABLE>
Page 7 of 8
<PAGE>
Series 1999-1
The following additional information, presented in dollars, pursuant to Section
7.10, subclauses (ii), (vi), (vii), (viii), (xiii) and (xv) is provided for each
Class per $25,000 original dollar amount as of the Cut-off Date.
<TABLE>
<CAPTION>
Subclause Class AS-1 Class AS-2 Class AS-3
---------- ---------- ----------
<S> <C> <C> <C>
(ii) 24,910 25,000 25,000
(vi) 0 0 0
(vii) 14 0 0
(viii) 82 0 0
(xv) (a) 24,815 0 0
(b) 0 25,000 0
(c) 0 0 25,000
Class MS-1 Class MS-2 Class BS
---------- ---------- --------
(ii) 25,000 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (d) 25,000 0 0
(e) 0 25,000 0
(f) 0 0 25,000
Class AN Class MN Class BN
-------- -------- --------
(ii) 24,762 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (h) 24,606 0 0
(i) 0 25,000 0
(j) 0 0 25,000
</TABLE>
Page 8 of 8
<PAGE>
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED AS OF
MAY 31, 1999, THE MONEY STORE COMMERCIAL MORTGAGE, INC. REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1999-1 FOR THE SEPTEMBER 10, 1999 DETERMINATION
DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $5,143,514.51 $1,061,855.88
ADJ: RECALCULATION 0.00 0.00
------------- -------------
5,143,514.51 1,061,855.88
LESS: SERVICING FEE 206,133.44 25,409.08
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
------------- -------------
206,133.44 25,409.08
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 0.00 0.00
------------- -------------
0.00 0.00
------------- -------------
POOL AVAILABLE REMITTANCE AMOUNT 4,937,381.07 1,036,446.80
============= =============
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 136,765,930.61
(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 141,057,000.00
(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 190,443,000.00
(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 22,084,000.00
(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 23,463,000.00
(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 12,423,000.00
(G) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 54,522,758.16
(H) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 2,229,000.00
(I) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 4,457,000.00
</TABLE>
Page 1 of 8
<PAGE>
<TABLE>
<S> <C> <C>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS:
CLASS AS-1 548,233.05
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT: 548,233.05
CLASS AN 728,969.53
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT: 728,969.53
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 626,701.38
CLASS AS-2 666,347.39
CLASS AS-3 855,406.48
CLASS MS-1 112,605.40
CLASS MS-2 127,457.86
CLASS BS 85,602.23
CLASS AN 262,106.80
CLASS MN 12,108.58
CLASS BN 30,711.52
6. PRINCIPAL PREPAYMENTS DURING THE # OF PRINCIPAL
DUE PERIOD ACCTS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 0.00
POOL II 72,774.51
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 548,233.05
POOL II 386,835.32
9. AMOUNT OF INTEREST RECEIVED
POOL I 4,595,281.46
POOL II 602,246.05
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION 7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 0.00
POOL II 0.00
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
</TABLE>
Page 2 of 8
<PAGE>
<TABLE>
<S> <C>
12. THE AMOUNT OF REALIZED LOSSES INCURRED DURING THE
DUE PERIOD
POOL I 0.00
POOL II 0.00
13. THE INTEREST SHORTALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION ACCOUNT
POOL I 1,849,247.79
POOL II 0.00
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 136,217,697.56
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 525,687,697.56
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 53,793,788.63
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 60,479,788.63
</TABLE>
Page 3 of 8
<PAGE>
<TABLE>
<S> <C> <C>
16. EXCESS SPREAD
POOL I 1,849,247.79
POOL II 269,359.70
TOTAL EXCESS SPREAD (POOL I and II) 2,118,607.49
17. (A) SPREAD AMOUNT
POOL I 38,649,586.08
POOL II 6,627,359.71
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 65,779.49
POOL II 2,550.37
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
------ -------
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 206,133.44 25,409.08
(F) SECTION 4.04 (h) 0.00 0.00
</TABLE>
Page 4 of 8
<PAGE>
<TABLE>
<S> <C> <C>
21. CLASS AS-1 POOL FACTOR
CURRENT CLASS AS-1 PRINCIPAL BALANCE 136,217,697.56 0.98860349
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00 1.00000000
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00 1.00000000
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00 1.00000000
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00 1.00000000
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00 1.00000000
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 525,687,697.56 0.99702176
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 53,793,788.63 0.97109466
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00 1.00000000
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00 1.00000000
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 60,479,788.63 0.97420771
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 8.917%
POOL II 9.481%
---------- ----------
(B) WEIGHTED AVERAGE LOAN INTEREST RATE FOR 06/30/99 07/31/99
---------- ----------
POOL I 8.915 8.917%
POOL II 9.481 9.481%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 5.49875%
CLASS AS-2 5.66875%
CLASS AS-3 5.39000%
CLASS MS-1 6.11875%
CLASS MS-2 6.51875%
CLASS BS 8.26875%
CLASS AN 5.76875%
CLASS MN 6.51875%
CLASS BN 8.26875%
</TABLE>
Page 5 of 8
<PAGE>
<TABLE>
<S> <C> <C>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 5.26875%
AUCTION RATE 5.39000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS'
INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Commercial Mortgage, Inc., complied with section 7.10 of the Sale and Servicing
Agreement dated May 31, 1999 pertaining to Series 1999-1 in preparing the
accompanying Trust Administrator's Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY: ___________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 6 of 8
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - AUGUST 31, 1999
FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
POOL I $550,533,860.04 729 1 TO 29 DAYS 30,510,880.82 47 5.54%
30 TO 59 DAYS 1,160,966.06 2 0.21%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 2,945,190.55 3 0.53%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $34,617,037.43 52 6.29%
===============================
POOL II $ 62,779,288.24 129 1 TO 29 DAYS 1,716,506.16 2 2.73%
30 TO 59 DAYS 683,300.00 1 1.09%
60 TO 89 DAYS 740,000.00 1 1.18%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $ 3,139,806.16 4 5.00%
===============================
</TABLE>
Page 7 of 8
<PAGE>
Series 1999-1
The following additional information, presented in dollars, pursuant to Section
7.10, subclauses (ii), (vi), (vii), (viii), (xiii) and (xv) is provided for each
Class per $25,000 original dollar amount as of the Cut-off Date.
Subclause Class AS-1 Class AS-2 Class AS-3
---------- ---------- ----------
(ii) 24,815 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 99 0 0
(xv) (a) 24,715 0 0
(b) 0 25,000 0
(c) 0 0 25,000
Class MS-1 Class MS-2 Class BS
---------- ---------- --------
(ii) 25,000 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (d) 25,000 0 0
(e) 0 25,000 0
(f) 0 0 25,000
Class AN Class MN Class BN
-------- -------- --------
(ii) 24,606 25,000 25,000
(vi) 0 0 0
(vii) 33 0 0
(viii) 0 0 0
(xv) (h) 24,277 0 0
(i) 0 25,000 0
(j) 0 0 25,000
Page 8 of 8
<PAGE>
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED AS
OF MAY 31, 1999, THE MONEY STORE COMMERCIAL MORTGAGE, INC. REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE OCTOBER 12, 1999
DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $5,367,403.84 $561,559.11
ADJ: RECALCULATION 0.00 0.00
------------- -----------
5,367,403.84 561,559.11
LESS: SERVICING FEE 162,475.55 15,107.48
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
------------- -----------
162,475.55 15,107.48
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 3,828.69 0.00
------------- -----------
3,828.69 0.00
------------- -----------
POOL AVAILABLE REMITTANCE AMOUNT 5,208,756.99 546,451.63
============= ===========
</TABLE>
<TABLE>
<S> <C>
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 136,217,697.56
(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 141,057,000.00
(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 190,443,000.00
(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 22,084,000.00
(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 23,463,000.00
(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 12,423,000.00
(G) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 53,793,788.63
(H) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 2,229,000.00
(I) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 4,457,000.00
</TABLE>
Page 1 of 8
<PAGE>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS:
CLASS AS-1 1,659,983.33
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT: 1,659,983.33
CLASS AN 236,902.12
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT: 236,902.12
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 636,817.74
CLASS AS-2 679,424.55
CLASS AS-3 872,863.75
CLASS MS-1 114,652.77
CLASS MS-2 129,633.08
CLASS BS 86,753.95
CLASS AN 263,589.56
CLASS MN 12,315.23
CLASS BN 31,124.72
6. PRINCIPAL PREPAYMENTS DURING THE # OF PRINCIPAL
DUE PERIOD ACCTS BALANCES
----- ---------
POOL I 1 1,160,331.42
POOL II 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 0.00
POOL II 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 499,651.91
POOL II 203,485.21
9. AMOUNT OF INTEREST RECEIVED
POOL I 3,707,420.51
POOL II 358,073.90
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION 7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 3,828.69
POOL II 0.00
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
Page 2 of 8
<PAGE>
12. THE AMOUNT OF REALIZED LOSSES INCURRED DURING THE
DUE PERIOD
POOL I 0.00
POOL II 0.00
13. THE INTEREST SHORTALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION
ACCOUNT
POOL I 959,088.16
POOL II 0.00
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 134,557,714.23
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 524,027,714.23
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 53,556,886.51
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 60,242,886.51
Page 3 of 8
<PAGE>
16. EXCESS SPREAD
POOL I 959,088.16
POOL II 33,416.91
TOTAL EXCESS SPREAD (POOL I and II) 992,505.07
17. (A) SPREAD AMOUNT
POOL I 38,649,586.08
POOL II 6,896,719.41
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 65,710.96
POOL II 2,520.00
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
------ -------
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 162,475.55 15,107.48
(F) SECTION 4.04 (h) 0.00 0.00
Page 4 of 8
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
21. CLASS AS-1 POOL FACTOR
CURRENT CLASS AS-1 PRINCIPAL BALANCE 134,557,714.23 0.97655612
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00 1.00000000
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00 1.00000000
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00 1.00000000
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00 1.00000000
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00 1.00000000
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 524,027,714.23 0.99387342
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 53,556,886.51 0.96681806
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00 1.00000000
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00 1.00000000
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 60,242,886.51 0.97039169
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
</TABLE>
<TABLE>
<S> <C> <C>
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 8.9146%
POOL II 9.4806%
(B) WEIGHTED AVERAGE LOAN INTEREST RATE
-------------------------
FOR 07/31/99 08/31/99
-------------------------
POOL I 8.9171% 8.9172%
POOL II 9.4808% 9.4807%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 5.61000%
CLASS AS-2 5.78000%
CLASS AS-3 5.50000%
CLASS MS-1 6.23000%
CLASS MS-2 6.63000%
CLASS BS 8.38000%
CLASS AN 5.88000%
CLASS MN 6.63000%
CLASS BN 8.38000%
</TABLE>
Page 5 of 8
<PAGE>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 5.3800%
AUCTION RATE 5.5000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS'
INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
I, Stephanie Callahan, Assistant Vice President, represent that The Money
Store Commercial Mortgage, Inc., complied with section 7.10 of the Sale and
Servicing Agreement dated May 31, 1999 pertaining to Series 1999-1 in
preparing the accompanying Trust Administrator's Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY: ______________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 6 of 8
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - SEPTEMBER 30, 1999
FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
--------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
--------------------------------------------------------------------------------
POOL I $548,873,876.71 728 1 TO 29 DAYS 29,940,866.13 42 5.45%
30 TO 59 DAYS 0.00 0 0.00%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 2,945,190.55 3 0.54%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $32,886,056.68 45 5.99%
============================
POOL II $ 62,575,803.03 129 1 TO 29 DAYS 2,581,390.03 5 4.13%
30 TO 59 DAYS 683,300.00 1 1.09%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 740,000.00 1 1.18%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $ 4,004,690.03 7 6.40%
============================
Page 7 of 8
<PAGE>
Series 1999-1
The following additional information, presented in dollars, pursuant to
Section 7.10, subclauses (ii), (vi), (vii), (vii), (xiii) and(xv) is
provided for each Class per $25,000 original dollar amount as of the Cut-
off Date.
Subclause Class AS-1 Class AS-2 Class AS-3
---------- ---------- ----------
(ii) 24,715 25,000 25,000
(vi) 211 0 0
(vii) 0 0 0
(viii) 91 0 0
(xv) (a) 24,414 0 0
(b) 0 25,000 0
(c) 0 0 25,000
Class MS-1 Class MS-2 Class BS
---------- ---------- --------
(ii) 25,000 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (d) 25,000 0 0
(e) 0 25,000 0
(f) 0 0 25,000
Class AN Class MN Class BN
-------- -------- --------
(ii) 24,277 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (h) 24,170 0 0
(i) 0 25,000 0
(j) 0 0 25,000
Page 8 of 8
<PAGE>
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED AS
OF MAY 31,1999, THE MONEY STORE COMMERCIAL MORTGAGE, INC. REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE NOVEMBER 09, 1999
DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $4,474,641.47 $757,765.11
ADJ: RECALCULATION 0.00 0.00
------------- -------------
4,474,641.47 757,765.11
LESS: SERVICING FEE 175,622.27 22,195.98
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
------------- -------------
175,622.27 22,195.98
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 392.04 0.00
------------- -------------
392.04 0.00
------------- -------------
POOL AVAILABLE REMITTANCE AMOUNT 4,299,411.24 735,569.13
============= =============
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 134,557,714.23
(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 141,057,000.00
(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 190,443,000.00
(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 22,084,000.00
(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 23,463,000.00
(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 12,423,000.00
(G) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 53,556,886.51
(H) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 2,229,000.00
(I) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 4,457,000.00
</TABLE>
Page 1 of 8
<PAGE>
<TABLE>
<S> <C> <C>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS:
CLASS AS-1 1,626,563.89
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT: 1,626,563.89
CLASS AN 415,632.95
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT: 415,632.95
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 653,067.46
CLASS AS-2 705,260.51
CLASS AS-3 905,239.06
CLASS MS-1 118,973.72
CLASS MS-2 134,484.54
CLASS BS 89,926.56
CLASS AN 272,386.98
CLASS MN 12,776.12
CLASS BN 32,262.95
6. PRINCIPAL PREPAYMENTS DURING THE # OF PRINCIPAL
DUE PERIOD ACCTS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 40,351.19
POOL II 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 511,547.23
POOL II 231,687.04
9. AMOUNT OF INTEREST RECEIVED
POOL I 3,922,743.05
POOL II 526,078.07
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION
7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 392.04
POOL II 0.00
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
</TABLE>
Page 2 of 8
<PAGE>
<TABLE>
<S> <C>
12. THE AMOUNT OF REALIZED LOSSES INCURRED DURING THE
DUE PERIOD
POOL I 0.00
POOL II 0.00
13. THE INTEREST SHORTALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION ACCOUNT
POOL I 0.00
POOL II 0.00
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 132,931,150.34
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 522,401,150.34
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 53,141,253.56
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 59,827,253.56
</TABLE>
Page 3 of 8
<PAGE>
<TABLE>
<S> <C> <C>
16. EXCESS SPREAD
POOL I 1,074,665.47
POOL II 183,945.91
TOTAL EXCESS SPREAD (POOL I and II) 1,258,611.38
17. (A) SPREAD AMOUNT
POOL I 38,402,657.64
POOL II 6,930,136.32
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 65,503.46
POOL II 2,510.13
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
------ -------
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 175,622.27 22,195.98
(F) SECTION 4.04 (h) 0.00 0.00
</TABLE>
Page 4 0f 8
<PAGE>
<TABLE>
<S> <C> <C>
21. CLASS AS-1 POOL FACTOR
CURRENT CLASS AS-1 PRINCIPAL BALANCE 132,931,150.34 0.96475129
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00 1.00000000
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00 1.00000000
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00 1.00000000
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00 1.00000000
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00 1.00000000
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 522,401,150.34 0.99078848
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 53,141,253.56 0.95931498
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00 1.00000000
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00 1.00000000
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 59,827,253.56 0.96369668
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 9.2344%
POOL II 9.9467%
(B) WEIGHTED AVERAGE LOAN INTEREST RATE
-----------------------------------
FOR 08/31/99 09/30/99
-----------------------------------
POOL I 8.9172% 8.9146%
POOL II 9.4807% 9.4806%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 5.63625%
CLASS AS-2 5.80625%
CLASS AS-3 5.52000%
CLASS MS-1 6.25625%
CLASS MS-2 6.65625%
CLASS BS 8.40625%
CLASS AN 5.90625%
CLASS MN 6.65625%
CLASS BN 8.40625%
</TABLE>
Page 5 of 8
<PAGE>
<TABLE>
<S> <C> <C>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 5.40625%
AUCTION RATE 5.52000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS'
INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Commercial Mortgage, Inc., complied with section 7.10 of the Sale and Servicing
Agreement dated May 31, 1999 pertaining to Series 1999-1 in preparing the
accompanying Trust Administrator's Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 6 OF 8
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - OCTOBER
31, 1999 FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
POOL I $548,321,978.29 728 1 TO 29 DAYS 28,639,200.78 40 5.22%
30 TO 59 DAYS 4,488,595.98 3 0.82%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 1,623,596.64 1 0.30%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $34,751,393.40 44 6.34%
====================================
POOL II $ 62,344,115.99 129 1 TO 29 DAYS 4,302,536.14 6 6.90%
30 TO 59 DAYS 637,583.18 1 1.02%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 740,000.00 1 1.19%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $ 5,680,119.32 8 9.11%
====================================
</TABLE>
Page 7 of 8
<PAGE>
Series 1999-1
The following additional information, presented in dollars, pursuant to Section
7.10, subclauses (ii), (vi), (vii), (viii), (xiii) and (xv) is provided for each
Class per $25,000 original dollar amount as of the Cut-off Date.
<TABLE>
<CAPTION>
Subclause Class AS-1 Class AS-2 Class AS-3
---------- ---------- ----------
<S> <C> <C> <C>
(ii) 24,414 25,000 25,000
(vi) 0 0 0
(vii) 7 0 0
(viii) 93 0 0
(xv) (a) 24,119 0 0
(b) 0 25,000 0
(c) 0 0 25,000
Class MS-1 Class MS-2 Class BS
---------- ---------- --------
(ii) 25,000 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (d) 25,000 0 0
(e) 0 25,000 0
(f) 0 0 25,000
Class AN Class MN Class BN
-------- -------- --------
(ii) 24,170 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (h) 23,983 0 0
(i) 0 25,000 0
(j) 0 0 25,000
</TABLE>
Page 8 of 8
<PAGE>
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED AS
OF MAY 31,1999, THE MONEY STORE COMMERCIAL MORTGAGE, INC. REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE DECEMBER 10, 1999
DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $5,734,461.02 $811,945.17
ADJ: RECALCULATION 0.00 0.00
------------- -----------
5,734,461.02 811,945.17
LESS: SERVICING FEE 194,018.06 21,497.23
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
------------- -----------
194,018.06 21,497.23
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 0.00 0.00
------------- -----------
0.00 0.00
------------- -----------
POOL AVAILABLE REMITTANCE AMOUNT 5,540,442.96 790,447.94
============= ===========
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 132,931,150.34
(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 141,057,000.00
(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 190,443,000.00
(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 22,084,000.00
(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 23,463,000.00
(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 12,423,000.00
(G) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 53,141,253.56
(H) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 2,229,000.00
(I) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 4,457,000.00
</TABLE>
Page 1 of 8
<PAGE>
<TABLE>
<S> <C> <C>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS:
CLASS AS-1 1,423,322.70
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT: 1,423,322.70
CLASS AN 483,125.92
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT: 483,125.92
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 623,668.65
CLASS AS-2 681,775.50
CLASS AS-3 887,146.98
CLASS MS-1 115,020.83
CLASS MS-2 130,024.13
CLASS BS 86,961.00
CLASS AN 261,277.83
CLASS MN 12,352.38
CLASS BN 31,199.00
6. PRINCIPAL PREPAYMENTS DURING THE # OF PRINCIPAL
DUE PERIOD ACCTS BALANCES
-------- --------------
POOL I 1 645,699.10
POOL II 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 0.00
POOL II 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 530,695.16
POOL II 277,378.72
9. AMOUNT OF INTEREST RECEIVED
POOL I 4,558,066.76
POOL II 534,566.45
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION
7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 0.00
POOL II 0.00
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
</TABLE>
Page 2 of 8
<PAGE>
<TABLE>
<S> <C>
12. THE AMOUNT OF REALIZED LOSSES INCURRED DURING THE
DUE PERIOD
POOL I 0.00
POOL II 0.00
13. THE INTEREST SHORTALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION
ACCOUNT
POOL I 1,527,223.03
POOL II 0.00
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 131,507,827.64
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 520,977,827.64
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 52,658,127.64
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 59,344,127.64
</TABLE>
Page 3 of 8
<PAGE>
<TABLE>
<S> <C> <C>
16. EXCESS SPREAD
POOL I 1,774,151.47
POOL II 205,747.20
TOTAL EXCESS SPREAD (POOL I and II) 1,979,898.66
17. (A) SPREAD AMOUNT
POOL I 38,649,586.08
POOL II 7,114,082.23
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
0.00
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 65,300.14
POOL II 2,492.81
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
------ -------
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 194,018.06 21,497.23
(F) SECTION 4.04 (h) 0.00 0.00
</TABLE>
Page 4 of 8
<PAGE>
<TABLE>
<S> <C> <C>
21. CLASS AS-1 POOL FACTOR
CURRENT CLASS AS-1 PRINCIPAL BALANCE 131,507,827.64 0.95442149
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00 1.00000000
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00 1.00000000
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00 1.00000000
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00 1.00000000
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00 1.00000000
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 520,977,827.64 0.98808900
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 52,658,127.64 0.95059351
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00 1.00000000
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00 1.00000000
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 59,344,127.64 0.95591449
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 9.2341%
POOL II 9.9463%
(B) WEIGHTED AVERAGE LOAN INTEREST RATE
-------------------------------------
FOR 09/30/99 10/31/99
-------------------------------------
POOL I 8.9146% 9.2344%
POOL II 9.4806% 9.9467%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 5.63000%
CLASS AS-2 5.80000%
CLASS AS-3 5.59000%
CLASS MS-1 6.25000%
CLASS MS-2 6.65000%
CLASS BS 8.40000%
CLASS AN 5.90000%
CLASS MN 6.65000%
CLASS BN 8.40000%
</TABLE>
Page 5 of 8
<PAGE>
<TABLE>
<S> <C> <C>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 5.40000%
AUCTION RATE 5.59000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS'
INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Commercial Mortgage, Inc., complied with section 7.10 of the Sale and Servicing
Agreement dated May 31, 1999 pertaining to Series 1999-1 in preparing the
accompanying Trust Administrator's Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 6 of 8
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - NOVEMBER 30, 1999
FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
POOL I $545,823,990.12 726 1 TO 29 DAYS 25,677,018.25 36 4.70%
30 TO 59 DAYS 3,115,662.81 2 0.57%
60 TO 89 DAYS 1,372,933.17 1 0.25%
90 AND OVER 1,623,596.64 1 0.30%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $31,789,210.87 40 5.82%
==================================
POOL II $ 62,066,737.27 129 1 TO 29 DAYS 2,953,715.25 6 4.76%
30 TO 59 DAYS 0.00 0 0.00%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 740,000.00 1 1.19%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $ 3,693,715.25 7 5.95%
==================================
</TABLE>
Page 7 of 8
<PAGE>
Series 1999-1
The following additional information, presented in dollars, pursuant to Section
7.10, subclauses (ii), (vi), (vii), (viii), (xiii) and (xv) is provided for
each Class per $25,000 original dollar amount as of the Cut-off Date.
<TABLE>
<CAPTION>
Subclause Class AS-1 Class AS-2 Class AS-3
--------- ---------- ---------- ----------
<S> <C> <C> <C>
(ii) 24,119 25,000 25,000
(vi) 117 0 0
(vii) 0 0 0
(viii) 96 0 0
(xv) (a) 23,861 0 0
(b) 0 25,000 0
(c) 0 0 25,000
Class MS-1 Class MS-2 Class BS
---------- ---------- --------
(ii) 25,000 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (d) 25,000 0 0
(e) 0 25,000 0
(f) 0 0 25,000
Class AN Class MN Class BN
-------- -------- --------
(ii) 23,983 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (h) 23,765 0 0
(i) 0 25,000 0
(j) 0 0 25,000
</TABLE>
Page 8 of 8
<PAGE>
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED
AS OF MAY 31,1999, THE MONEY STORE COMMERCIAL MORTGAGE, INC. REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE JANUARY 12, 2000
DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $7,150,588.33 $752,413.88
ADJ: RECALCULATION 0.00 0.00
------------ ----------
7,150,588.33 752,413.88
LESS: SERVICING FEE 186,947.94 20,120.56
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
------------ ----------
186,947.94 20,120.56
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 0.00 0.00
------------ ----------
0.00 0.00
------------ ----------
POOL AVAILABLE REMITTANCE AMOUNT 6,963,640.39 732,293.32
============ ==========
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 131,507,827.64
(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 141,057,000.00
(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 190,443,000.00
(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 22,084,000.00
(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 23,463,000.00
(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 12,423,000.00
(G) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 52,658,127.64
(H) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 2,229,000.00
(I) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 4,457,000.00
</TABLE>
Page 1 of 8
<PAGE>
<TABLE>
<S> <C> <C>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS:
CLASS AS-1 3,531,532.27
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT: 3,531,532.27
CLASS AN 327,489.44
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT: 327,489.44
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 831,220.80
CLASS AS-2 914,225.68
CLASS AS-3 1,187,094.70
CLASS MS-1 152,517.63
CLASS MS-2 170,905.14
CLASS BS 111,021.94
CLASS AN 346,263.76
CLASS MN 16,236.10
CLASS BN 39,831.34
6. PRINCIPAL PREPAYMENTS DURING THE DUE PERIOD # OF PRINCIPAL
ACCTS BALANCES
------ --------
POOL I 3 2,268,904.68
POOL II 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING THE DUE PERIOD
POOL I 0.00
POOL II 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 565,943.55
POOL II 252,101.02
9. AMOUNT OF INTEREST RECEIVED
POOL I 4,315,740.10
POOL II 500,312.86
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION 7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 0.00
POOL II 0.00
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
</TABLE>
Page 2 of 8
<PAGE>
<TABLE>
<S> <C>
12. THE AMOUNT OF REALIZED LOSSES INCURRED DURING THE
DUE PERIOD
POOL I 0.00
POOL II 0.00
13. THE INTEREST SHORTALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION ACCOUNT
POOL I 0.00
POOL II (0.00)
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 127,976,295.37
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 517,446,295.37
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 52,330,638.20
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 59,016,638.20
</TABLE>
Page 3 of 8
<PAGE>
<TABLE>
<S> <C>
16. EXCESS SPREAD
POOL I 696,684.04
POOL II 75,388.42
TOTAL EXCESS SPREAD (POOL I and II) 772,072.46
17. (A) SPREAD AMOUNT
POOL I 37,722,673.48
POOL II 6,655,217.85
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
0.00
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 65,122.23
POOL II 2,472.68
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
------ -------
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 186,947.94 20,120.56
(F) SECTION 4.04 (h) 0.00 0.00
</TABLE>
Page 4 of 8
<PAGE>
<TABLE>
<S> <C> <C>
21. CLASS AS-1 POOL FACTOR
CURRENT CLASS AS-1 PRINCIPAL BALANCE 127,976,295.37 0.92879130
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00 1.00000000
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00 1.00000000
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00 1.00000000
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00 1.00000000
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00 1.00000000
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 517,446,295.37 0.98139107
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 52,330,638.20 0.94468162
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00 1.00000000
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00 1.00000000
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 59,016,638.20 0.95063930
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 9.2318%
POOL II 9.9462%
(B) WEIGHTED AVERAGE LOAN INTEREST RATE
----------------------------
FOR 10/31/99 11/30/99
----------------------------
POOL I 9.2344% 9.2341%
POOL II 9.9467% 9.9463%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 6.69250%
CLASS AS-2 6.86250%
CLASS AS-3 6.60000%
CLASS MS-1 7.31250%
CLASS MS-2 7.71250%
CLASS BS 9.46250%
CLASS AN 6.96250%
CLASS MN 7.71250%
CLASS BN 9.46250%
</TABLE>
Page 5 of 8
<PAGE>
<TABLE>
<S> <C> <C>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 6.46250%
AUCTION RATE 6.60000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS'
INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- ---------
POOL I 0 0.00
POOL II 0 0.00
</TABLE>
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Commercial Mortgage, Inc., complied with section 7.10 of the Sale and Servicing
Agreement dated May 31, 1999 pertaining to Series 1999-1 in preparing the
accompanying Trust Administrator's Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 6 of 8
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - DECEMBER 31, 1999
FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
-------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
POOL I $542,989,141.89 725 1 TO 29 DAYS 20,695,630.62 30 3.81%
------ 30 TO 59 DAYS 4,107,987.70 4 0.76%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 1,372,933.17 1 0.25%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $26,176,551.49 35 4.82%
==========================
POOL II $ 61,814,636.25 129 1 TO 29 DAYS 3,723,861.49 6 6.02%
------- 30 TO 59 DAYS 1,784,363.17 3 2.89%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $ 5,508,224.66 9 8.91%
===========================
</TABLE>
Page 7 0f 8
<PAGE>
Series 1999-1
The following additional information, presented in dollars, pursuant to
Section 7.10, subclauses (ii), (vi), (vii), (viii), (xiii) and (xv) is provided
for each Class per $25,000 original dollar amount as of the Cut-off Date.
<TABLE>
<CAPTION>
Subclause Class AS-1 Class AS-2 Class AS-3
---------- ---------- ----------
<S> <C> <C> <C>
(ii) 23,861 25,000 25,000
(vi) 412 0 0
(vii) 0 0 0
(viii) 103 0 0
(xv) (a) 23,220 0 0
(b) 0 25,000 0
(c) 0 0 25,000
Class MS-1 Class MS-2 Class BS
---------- ---------- --------
(ii) 25,000 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (d) 25,000 0 0
(e) 0 25,000 0
(f) 0 0 25,000
Class AN Class MN Class BN
-------- -------- --------
(ii) 23,765 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (h) 23,617 0 0
(i) 0 25,000 0
(j) 0 0 25,000
</TABLE>
Page 8 of 8
<PAGE>
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED AS
OF MAY 31, 1999, THE MONEY STORE COMMERCIAL MORTGAGE, INC. REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE FEBRUARY 10, 2000
DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $6,970,375.54 $714,628.50
ADJ: RECALCULATION 0.00 0.00
------------- -----------
6,970,375.54 714,628.50
LESS: SERVICING FEE 178,182.27 19,527.80
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
------------- -----------
178,182.27 19,527.80
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 0.00 0.00
------------- -----------
0.00 0.00
------------- -----------
POOL AVAILABLE REMITTANCE AMOUNT 6,792,193.27 695,100.70
============= ===========
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 127,976,295.37
(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 141,057,000.00
(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 190,443,000.00
(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 22,084,000.00
(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 23,463,000.00
(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 12,423,000.00
(G) AGGREGATE POOL I PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 517,446,295.37
(H) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 52,330,638.20
(I) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 2,229,000.00
(J) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 4,457,000.00
(K) AGGREGATE POOL II PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 59,016,638.20
</TABLE>
Page 1 of 8
<PAGE>
<TABLE>
<S> <C> <C>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS: REVISED 02/17/00
CLASS AS-1 3,777,930.26
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT: 3,777,930.26
CLASS AN 394,354.17
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT: 394,354.17
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 598,342.50
CLASS AS-2 678,151.12
CLASS AS-3 875,402.99
CLASS MS-1 113,901.30
CLASS MS-2 128,313.28
CLASS BS 84,847.36
CLASS AN 255,656.97
CLASS MN 12,189.84
CLASS BN 30,440.69
6. PRINCIPAL PREPAYMENTS DURING THE # OF PRINCIPAL
DUE PERIOD ACCTS BALANCES
----- --------
POOL I 1 2,479,360.84
POOL II 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 0.00
POOL II 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 371,656.82
POOL II 229,059.78
9. AMOUNT OF INTEREST RECEIVED
POOL I 4,119,357.88
POOL II 485,568.72
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION 7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 0.00
POOL II 0.00
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
</TABLE>
Page 2 of 8
<PAGE>
<TABLE>
<S> <C>
12. THE AMOUNT OF REALIZED LOSSES INCURRED DURING REVISED 02/17/00
THE DUE PERIOD
POOL I 0.00
POOL II 0.00
13. THE INTEREST SHORTALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION
ACCOUNT
POOL I 470,623.67
POOL II (0.00)
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 124,198,365.11
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 513,668,365.11
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 51,936,284.03
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 58,622,284.03
</TABLE>
Page 3 of 8
<PAGE>
<TABLE>
<S> <C> <C>
16. EXCESS SPREAD REVISED 02/17/00
POOL I 1,397,536.27
POOL II 165,294.39
TOTAL EXCESS SPREAD (POOL I and II) 1,562,830.67
17. (A) SPREAD AMOUNT
POOL I 37,722,673.48
POOL II 6,655,217.85
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
0.00
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 64,680.79
POOL II 2,459.03
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
------ -------
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 178,182.27 19,527.80
(F) SECTION 4.04 (h) 0.00 0.00
</TABLE>
Page 4 of 8
<PAGE>
<TABLE>
<S> <C> <C> <C>
21. CLASS AS-1 POOL FACTOR REVISED 02/17/00
CURRENT CLASS AS-1 PRINCIPAL BALANCE 124,198,365.11 0.90137287
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00 1.00000000
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00 1.00000000
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00 1.00000000
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00 1.00000000
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00 1.00000000
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 513,668,365.11 0.97422583
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 51,936,284.03 0.93756267
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00 1.00000000
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00 1.00000000
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 58,622,284.03 0.94428704
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 9.3913%
POOL II 10.1728%
(B) WEIGHTED AVERAGE LOAN INTEREST RATE
---------------------- -------------
FOR 11/30/99 12/31/99
---------------------- -------------
POOL I 9.2341% 9.2318%
POOL II 9.9463% 9.9462%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 6.01125%
CLASS AS-2 6.18125%
CLASS AS-3 5.91000%
CLASS MS-1 6.63125%
CLASS MS-2 7.03125%
CLASS BS 8.78125%
CLASS AN 6.28125%
CLASS MN 7.03125%
CLASS BN 8.78125%
</TABLE>
Page 5 of 8
<PAGE>
<TABLE>
<S> <C> <C>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR REVISED 02/17/00
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 5.78125%
AUCTION RATE 5.91000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS'
INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Commercial Mortgage, Inc., complied with section 7.10 of the Sale and Servicing
Agreement dated May 31, 1999 pertaining to Series 1999-1 in preparing the
accompanying Trust Administrator's Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 6 of 8
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - JANUARY 31, 2000
FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
POOL I $538,514,527.59 721 1 TO 29 DAYS 7,935,622.66 12 1.47%
30 TO 59 DAYS 2,534,102.52 4 0.47%
60 TO 89 DAYS 2,079,448.69 2 0.39%
90 AND OVER 1,372,933.17 1 0.25%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $13,922,107.04 19 2.59%
==================================
POOL II $ 60,845,576.47 128 1 TO 29 DAYS 3,137,047.80 4 5.16%
30 TO 59 DAYS 637,259.96 1 1.05%
60 TO 89 DAYS 1,526,043.29 3 2.51%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $ 5,300,351.05 8 8.71%
==================================
</TABLE>
Page 7 of 8
<PAGE>
Series 1999-1
The following additional information, presented in dollars, pursuant to Section
7.10, subclauses (ii), (vi), (vii), (viii), (xiii) and (xv) is provided for each
Class per $25,000 original dollar amount as of the Cut-off Date.
<TABLE>
<CAPTION>
Subclause Class AS-1 Class AS-2 Class AS-3
---------- ---------- ----------
<S> <C> <C> <C>
(ii) 23,220 25,000 25,000
(vi) 450 0 0
(vii) 0 0 0
(viii) 67 0 0
(xv) (a) 22,534 0 0
(b) 0 25,000 0
(c) 0 0 25,000
Class MS-1 Class MS-2 Class BS
---------- ---------- --------
(ii) 25,000 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (d) 25,000 0 0
(e) 0 25,000 0
(f) 0 0 25,000
Class AN Class MN Class BN
-------- -------- --------
(ii) 23,617 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (h) 23,439 0 0
(i) 0 25,000 0
(j) 0 0 25,000
</TABLE>
Page 8 of 8
<PAGE>
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED AS
OF MAY 31, 1999, THE MONEY STORE COMMERCIAL MORTGAGE, INC. REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE MARCH 10, 2000
DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $7,054,467.22 $787,880.01
ADJ: RECALCULATION 0.00 0.00
------------- -----------
7,054,467.22 787,880.01
LESS: SERVICING FEE 173,889.05 21,645.55
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
------------- -----------
173,889.05 21,645.55
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 6,212.37 0.00
------------- -----------
6,212.37 0.00
------------- -----------
POOL AVAILABLE REMITTANCE AMOUNT 6,886,790.54 766,234.46
============= ===========
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 124,198,365.11
(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 141,057,000.00
(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 190,443,000.00
(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 22,084,000.00
(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 23,463,000.00
(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 12,423,000.00
(G) AGGREGATE POOL I PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 513,668,365.11
(H) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 51,936,284.03
(I) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 2,229,000.00
(J) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 4,457,000.00
(K) AGGREGATE POOL II PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 58,622,284.03
</TABLE>
Page 1 of 8
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS:
CLASS AS-1 2,816,000.92
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT: 2,816,000.92
CLASS AN 451,947.18
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT: 451,947.18
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 611,797.70
CLASS AS-2 714,159.84
CLASS AS-3 917,406.25
CLASS MS-1 119,814.90
CLASS MS-2 134,856.85
CLASS BS 88,915.90
CLASS AN 267,132.83
CLASS MN 12,811.49
CLASS BN 31,900.36
6. PRINCIPAL PREPAYMENTS DURING THE # OF PRINCIPAL
DUE PERIOD ACCTS BALANCES
----- --------
POOL I 2 1,672,300.15
POOL II 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 594,525.25
POOL II 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 549,175.52
POOL II 237,390.34
9. AMOUNT OF INTEREST RECEIVED
POOL I 4,238,466.30
POOL II 550,489.67
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION 7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 6,212.37
POOL II 0.00
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
</TABLE>
Page 2 of 8
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
12. THE AMOUNT OF REALIZED LOSSES INCURRED DURING
THE DUE PERIOD
POOL I 0.00
POOL II 0.00
13. THE INTEREST SHORTALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION ACCOUNT
POOL I 1,413,417.26
POOL II 0.00
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 121,382,364.19
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 510,852,364.19
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 51,484,336.85
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 58,170,336.85
</TABLE>
Page 3 of 8
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
16. EXCESS SPREAD
POOL I 1,413,417.26
POOL II 214,556.84
TOTAL EXCESS SPREAD (POOL I and II) 1,627,974.10
17. (A) SPREAD AMOUNT
POOL I 38,649,586.08
POOL II 6,820,512.24
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
0.00
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 64,208.55
POOL II 2,442.60
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
------ -------
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 173,889.05 21,645.55
(F) SECTION 4.04 (h) 0.00 0.00
</TABLE>
Page 4 of 8
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
21. CLASS AS-1 POOL FACTOR
CURRENT CLASS AS-1 PRINCIPAL BALANCE 121,382,364.19 0.88093567
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00 1.00000000
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00 1.00000000
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00 1.00000000
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00 1.00000000
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00 1.00000000
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 510,852,364.19 0.96888499
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 51,484,336.85 0.92940404
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00 1.00000000
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00 1.00000000
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 58,170,336.85 0.93700709
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 9.3890%
POOL II 10.1724%
(B) WEIGHTED AVERAGE LOAN INTEREST RATE
----------- ---------
FOR 12/31/99 01/31/00
----------- ---------
POOL I 9.2318% 9.3913%
POOL II 9.9462% 10.1728%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 6.11500%
CLASS AS-2 6.28500%
CLASS AS-3 5.98000%
CLASS MS-1 6.73500%
CLASS MS-2 7.13500%
CLASS BS 8.88500%
CLASS AN 6.38500%
CLASS MN 7.13500%
CLASS BN 8.88500%
</TABLE>
Page 5 of 8
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 5.88500%
AUCTION RATE 5.98000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS'
INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
(A) LOC AVAILABLE AMOUNT
POOL I 13,803,423.60
POOL II 4,597,219.80
(B) LOC AVAILABLE AMOUNT EXPRESSED AS A PERCENTAGE
OF POOL PRINCIPAL BALANCES AFTER DISTRIBUTION
POOL I 2.70%
POOL II 7.90%
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Commercial Mortgage, Inc., complied with section 7.10 of the Sale and Servicing
Agreement dated May 31, 1999 pertaining to Series 1999-1 in preparing the
accompanying Trust Administrator's Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY:_________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 6 of 8
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - FEBRUARY 29, 2000
FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
POOL I $535,698,526.67 720 1 TO 29 DAYS 6,239,318.32 10 1.16%
30 TO 59 DAYS 1,400,000.00 1 0.26%
60 TO 89 DAYS 1,584,008.70 1 0.30%
90 AND OVER 1,383,373.16 2 0.26%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $10,606,700.18 14 1.98%
=============================
POOL II $ 60,608,186.13 128 1 TO 29 DAYS 2,232,628.95 3 3.68%
30 TO 59 DAYS 0.00 0 0.00%
60 TO 89 DAYS 683,300.00 1 1.13%
90 AND OVER 842,743.29 2 1.39%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $ 3,758,672.24 6 6.20%
=============================
</TABLE>
Page 7 of 8
<PAGE>
Series 1999-1
The following additional information, presented in dollars, pursuant to Section
7.10, subclauses (ii), (vi), (vii), (viii), (xiii) and (xv) is provided for each
Class per $25,000 original dollar amount as of the Cut-off Date.
Subclause Class AS-1 Class AS-2 Class AS-3
---------- ---------- ----------
(ii) 22,534 25,000 25,000
(vi) 303 0 0
(vii) 108 0 0
(viii) 100 0 0
(xv) (a) 22,023 0 0
(b) 0 25,000 0
(c) 0 0 25,000
Class MS-1 Class MS-2 Class BS
---------- ---------- --------
(ii) 25,000 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (d) 25,000 0 0
(e) 0 25,000 0
(f) 0 0 25,000
Class AN Class MN Class BN
-------- -------- --------
(ii) 23,439 25,000 25,000
(vi) 0 0 0
(vii) 0 0 0
(viii) 0 0 0
(xv) (h) 23,235 0 0
(i) 0 25,000 0
(j) 0 0 25,000
Page 8 of 8
<PAGE>
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED AS
OF MAY 31,1999, THE MONEY STORE COMMERCIAL MORTGAGE, INC. REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE APRIL 12, 2000
DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $5,286,044.02 $1,030,138.77
ADJ : RECALCULATION 0.00 0.00
------------- -------------
5,286,044.02 1,030,138.77
LESS: SERVICING FEE 161,939.58 18,267.17
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
------------- -------------
161,939.58 18,267.17
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 2,849.13 357.44
------------- -------------
2,849.13 357.44
------------- -------------
POOL AVAILABLE REMITTANCE AMOUNT 5,126,953.57 1,012,229.04
============= =============
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 121,382,364.19
(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 141,057,000.00
(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 190,443,000.00
(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 22,084,000.00
(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 23,463,000.00
(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 12,423,000.00
(G) AGGREGATE POOL I PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 510,852,364.19
(H) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 51,484,336.85
(I) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 2,229,000.00
(J) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 4,457,000.00
(K) AGGREGATE POOL II PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 58,170,336.85
</TABLE>
Page 1 of 8
<PAGE>
<TABLE>
<S> <C> <C>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS:
CLASS AS-1 2,072,942.36
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT: 2,072,942.36
CLASS AN 650,903.23
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT: 650,903.23
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 693,611.70
CLASS AS-2 828,019.28
CLASS AS-3 1,068,385.23
CLASS MS-1 138,745.03
CLASS MS-2 156,011.84
CLASS BS 102,532.45
TOTAL POOL I CURRENT INTEREST REQUIREMENTS: 2,987,305.53
CLASS AN 306,937.82
CLASS MN 14,821.22
CLASS BN 36,785.57
TOTAL POOL II CURRENT INTEREST REQUIREMENTS: 358,544.61
6. PRINCIPAL PREPAYMENTS DURING THE # OF PRINCIPAL
DUE PERIOD ACCTS BALANCES
----- --------
POOL I 1 412,343.01
POOL II 1 247,118.79
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 256,845.99
POOL II 40,991.89
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 738,851.85
POOL II 268,385.40
9. AMOUNT OF INTEREST RECEIVED
POOL I 3,878,003.17
POOL II 473,642.69
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION 7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 2,849.13
POOL II 357.44
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
</TABLE>
Page 2 of 8
<PAGE>
<TABLE>
<S> <C>
12. (A) THE AMOUNT OF REALIZED LOSSES INCURRED DURING
THE DUE PERIOD
POOL I 1,383,373.16
POOL II 0.00
(B) THE AMOUNT OF RECOVERIES ON PREVIOUS REALIZED
LOSSES RECEIVED DURING THE DUE PERIOD (incl.in 9.)
POOL I 10,000.00
POOL II 0.00
13. THE INTEREST SHORTFALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION ACCOUNT
POOL I 0.00
POOL II 0.00
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 119,309,421.83
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 508,779,421.83
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 50,833,433.62
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 57,519,433.62
</TABLE>
Page 3 of 8
<PAGE>
<TABLE>
<S> <C> <C>
16. EXCESS SPREAD
POOL I 664,901.51
POOL II 94,407.15
TOTAL EXCESS SPREAD (POOL I and II) 759,308.66
17. (A) SPREAD AMOUNT
POOL I 37,266,212.92
POOL II 7,035,069.08
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
0.00
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 63,856.55
POOL II 2,423.76
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
------ -------
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 161,939.58 18,267.17
(F) SECTION 4.04 (h) 0.00 0.00
</TABLE>
Page 4 of 8
<PAGE>
<TABLE>
<S> <C> <C>
21. CLASS AS-1 POOL FACTOR
CURRENT CLASS AS-1 PRINCIPAL BALANCE 119,309,421.83 0.86589124
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00 1.00000000
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00 1.00000000
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00 1.00000000
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00 1.00000000
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00 1.00000000
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 508,779,421.83 0.96495344
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 50,833,433.62 0.91765382
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00 1.00000000
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00 1.00000000
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 57,519,433.62 0.92652234
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 9.3883%
POOL II 10.1679%
----------------------------------
(B) WEIGHTED AVERAGE LOAN INTEREST RATE FOR 01/31/2000 02/29/2000
----------------------------------
POOL I 9.3913% 9.3890%
POOL II 10.1728% 10.1724%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 6.23375%
CLASS AS-2 6.40375%
CLASS AS-3 6.12000%
CLASS MS-1 6.85375%
CLASS MS-2 7.25375%
CLASS BS 9.00375%
CLASS AN 6.50375%
CLASS MN 7.25375%
CLASS BN 9.00375%
</TABLE>
Page 5 of 8
<PAGE>
<TABLE>
<S> <C> <C>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 6.00375%
AUCTION RATE 6.12000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS'
INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- ---------
POOL I 0 0.00
POOL II 0 0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
(A) LOC AVAILABLE AMOUNT
POOL I 13,803,423.60
POOL II 4,597,219.80
(B) LOC AVAILABLE AMOUNT EXPRESSED AS A PERCENTAGE
OF POOL PRINCIPAL BALANCES AFTER DISTRIBUTION
POOL I 2.71%
POOL II 7.99%
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Commercial Mortgage, Inc., complied with section 7.10 of the Sale and Servicing
Agreement dated May 31, 1999 pertaining to Series 1999-1 in preparing the
accompanying Trust Administrator's Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 6 of 8
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - MARCH 31, 2000
FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
---------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
POOL I $532,907,112.66 715 1 TO 29 DAYS 9,330,675.10 11 1.75%
30 TO 59 DAYS 0.00 0 0.00%
60 TO 89 DAYS 2,984,008.70 2 0.56%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $12,314,683.80 13 2.31%
=============================
POOL II $ 60,051,690.05 127 1 TO 29 DAYS 1,388,657.33 3 2.31%
30 TO 59 DAYS 683,300.00 1 1.14%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 463,803.21 1 0.77%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $ 2,535,760.54 5 4.22%
==============================
</TABLE>
Page 7 of 8
<PAGE>
aPAGE>
Series 1999-1
The following additional information, presented in dollars, pursuant to Section
7.10, subclauses (ii), (iii), (v), (vi), (vii), (viii), and (xv) is provided for
each Class per $25,000 original dollar amount as of the Cut-off Date.
Subclause Class AS-1 Class AS-2 Class AS-3
--------- ---------- ---------- ----------
(ii) 22,023 25,000 25,000
(iii) 376 0 0
(v) 126 147 140
(vi) 75 0 0
(vii) 47 0 0
(viii) 134 0 0
(xv) (a, b & c) 21,647 25,000 25,000
Class MS-1 Class MS-2 Class BS Pool I
---------- ---------- -------- ------
(ii) 25,000 25,000 25,000 24,222
(iii) 0 0 0 98
(v) 157 166 206 142
(vi) 0 0 0 20
(vii) 0 0 0 12
(viii) 0 0 0 35
(xv) (a, b & c) 25,000 25,000 25,000 24,124
Class AN Class MN Class BN Pool II
-------- -------- -------- -------
(ii) 23,235 25,000 25,000 23,425
(iii) 294 0 0 262
(v) 139 166 206 144
(vi) 112 0 0 100
(vii) 18 0 0 17
(viii) 112 0 0 108
(xv) (a, b & c) 22,941 25,000 25,000 23,163
Page 8 of 8
<PAGE>
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING
AGREEMENT DATED AS OF MAY 31,1999, THE MONEY STORE COMMERCIAL
MORTGAGE, INC. REPORTS THE FOLLOWING INFORMATION PERTAINING TO
SERIES 1999-1 FOR THE MAY 10, 2000 DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $7,067,494.68 $668,562.67
ADJ: RECALCULATION 0.00 0.00
------------- -----------
7,067,494.68 668,562.67
LESS: SERVICING FEE 173,347.87 18,357.54
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
------------- -----------
173,347.87 18,357.54
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 0.00 0.00
------------- -----------
0.00 0.00
------------- -----------
POOL AVAILABLE REMITTANCE AMOUNT 6,894,146.81 650,205.13
============= ===========
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 119,309,421.83
(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 141,057,000.00
(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 190,443,000.00
(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 22,084,000.00
(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 23,463,000.00
(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 12,423,000.00
(G) AGGREGATE POOL I PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 508,779,421.83
(H) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 50,833,433.62
(I) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 2,229,000.00
(J) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 4,457,000.00
(K) AGGREGATE POOL II PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 57,519,433.62
</TABLE>
Page 1 of 8
<PAGE>
<TABLE>
<S> <C> <C>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS :
CLASS AS-1 3,656,383.22
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT : 3,656,383.22
CLASS AN 341,233.31
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT : 341,233.31
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 590,183.94
CLASS AS-2 716,412.83
CLASS AS-3 922,802.14
CLASS MS-1 119,891.58
CLASS MS-2 134,677.62
CLASS BS 88,217.10
TOTAL POOL I CURRENT INTEREST REQUIREMENTS: 2,572,185.21
CLASS AN 262,131.07
CLASS MN 12,794.46
CLASS BN 31,649.65
TOTAL POOL II CURRENT INTEREST REQUIREMENTS: 306,575.18
6. PRINCIPAL PREPAYMENTS DURING THE # OF PRINCIPAL
DUE PERIOD ACCTS BALANCES
----- --------
POOL I 2 2,573,063.14
POOL II 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 47,179.26
POOL II 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 317,669.17
POOL II 193,918.52
9. AMOUNT OF INTEREST RECEIVED
POOL I 4,129,583.11
POOL II 474,644.15
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION 7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 0.00
POOL II 0.00
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
</TABLE>
Page 2 of 8
<PAGE>
<TABLE>
<S> <C>
12. (A) THE AMOUNT OF REALIZED LOSSES INCURRED DURING
THE DUE PERIOD
POOL I 0.00
POOL II 0.00
(B) THE AMOUNT OF RECOVERIES ON PREVIOUS REALIZED
LOSSES RECEIVED DURING THE DUE PERIOD (incl. in 9.)
POOL I 60,978.56
POOL II 8,000.00
13. THE INTEREST SHORTFALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION ACCOUNT
POOL I 601,980.95
POOL II 0.00
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 115,653,038.61
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 505,123,038.61
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 50,492,200.31
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 57,178,200.31
</TABLE>
Page 3 of 8
<PAGE>
<TABLE>
<S> <C> <C>
16. EXCESS SPREAD
POOL I 1,320,452.60
POOL II 147,314.79
TOTAL EXCESS SPREAD (POOL I and II) 1,467,767.39
17. (A) SPREAD AMOUNT
POOL I 37,931,114.43
POOL II 7,129,476.23
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
0.00
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 63,597.43
POOL II 2,396.64
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
------ -------
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 173,347.87 18,357.54
(F) SECTION 4.04 (h) 0.00 0.00
</TABLE>
Page 4 of 8
<PAGE>
<TABLE>
<S> <C> <C>
21. CLASS AS-1 POOL FACTOR
CURRENT CLASS AS-1 PRINCIPAL BALANCE 115,653,038.61 0.83935494
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00 1.00000000
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00 1.00000000
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00 1.00000000
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00 1.00000000
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00 1.00000000
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 505,123,038.61 0.95801873
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 50,492,200.31 0.91149382
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00 1.00000000
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00 1.00000000
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 57,178,200.31 0.92102576
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 9.6949%
POOL II 10.6334%
(B) WEIGHTED AVERAGE LOAN INTEREST RATE
-----------------------------------
FOR 02/29/2000 03/31/2000
-----------------------------------
POOL I 9.3890% 9.3883%
POOL II 10.1724% 10.1679%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 6.36000%
CLASS AS-2 6.53000%
CLASS AS-3 6.23000%
CLASS MS-1 6.98000%
CLASS MS-2 7.38000%
CLASS BS 9.13000%
CLASS AN 6.63000%
CLASS MN 7.38000%
CLASS BN 9.13000%
</TABLE>
Page 5 of 8
<PAGE>
<TABLE>
<S> <C> <C>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 6.13000%
AUCTION RATE 6.23000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS'
INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
(A) LOC AVAILABLE AMOUNT
POOL I 13,803,423.60
POOL II 4,597,219.80
(B) LOC AVAILABLE AMOUNT EXPRESSED AS A PERCENTAGE
OF POOL PRINCIPAL BALANCES AFTER DISTRIBUTION
POOL I 2.73%
POOL II 8.04%
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The
Money Store Commercial Mortgage, Inc., complied with section 7.10 of
the Sale and Servicing Agreement dated May 31, 1999 pertaining to
Series 1999-1 in preparing the accompanying Trust Administrator's
Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 6 of 8
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - APRIL 30, 2000
FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
------------------------------------------------------------------------------
POOL I $529,969,201.09 713 1 TO 29 DAYS 6,529,605.09 11 1.23%
30 TO 59 DAYS 1,100,000.00 1 0.21%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 1,400,000.00 1 0.26%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $9,029,605.09 13 1.70%
=========================
POOL II $ 59,857,771.53 127 1 TO 29 DAYS 2,254,769.67 3 3.77%
30 TO 59 DAYS 0.00 0 0.00%
60 TO 89 DAYS 683,300.00 1 1.14%
90 AND OVER 463,803.21 1 0.77%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $3,401,872.88 5 5.68%
=========================
Page 7 of 8
<PAGE>
Series 1999-1
The following additional information, presented in dollars, pursuant
to Section 7.10, subclauses (ii), (iii), (v), (vi), (vii), (viii), and
(xv) is provided for each Class per $25,000 original dollar amount as
of the Cut-off Date.
Subclause Class AS-1 Class AS-2 Class AS-3
---------- ---------- ----------
(ii) 21,647 25,000 25,000
(iii) 663 0 0
(v) 107 127 121
(vi) 467 0 0
(vii) 9 0 0
(viii) 58 0 0
(xv) (a, b & c) 20,984 25,000 25,000
Class MS-1 Class MS-2 Class BS Pool I
---------- ---------- -------- ------
(ii) 25,000 25,000 25,000 24,124
(iii) 0 0 0 173
(v) 136 144 178 122
(vi) 0 0 0 122
(vii) 0 0 0 2
(viii) 0 0 0 15
(xv) (a, b & c) 25,000 25,000 25,000 23,950
Class AN Class MN Class BN Pool II
-------- -------- -------- -------
(ii) 22,941 25,000 25,000 23,163
(iii) 154 0 0 137
(v) 118 144 178 123
(vi) 0 0 0 0
(vii) 0 0 0 0
(viii) 0 0 0 78
(xv) (a, b & c) 22,787 25,000 25,000 23,026
Page 8 of 8
<PAGE>
Exhibit 99.18
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED
AS OF MAY 31,1999, THE MONEY STORE COMMERCIAL MORTGAGE, INC. REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE JUNE 12, 2000
DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $7,344,228.01 $794,348.09
ADJ : RECALCULATION 0.00 0.00
---------------- ----------------
7,344,228.01 794,348.09
LESS: SERVICING FEE 177,778.29 20,201.25
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
---------------- ----------------
177,778.29 20,201.25
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 5,577.92 0.00
---------------- ----------------
5,577.92 0.00
---------------- ----------------
POOL AVAILABLE REMITTANCE AMOUNT 7,172,027.64 774,146.84
================ ================
<CAPTION>
<S> <C>
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 115,653,038.61
(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 141,057,000.00
(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 190,443,000.00
(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 22,084,000.00
(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 23,463,000.00
(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 12,423,000.00
(G) AGGREGATE POOL I PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 505,123,038.61
(H) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 50,492,200.31
(I) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 2,229,000.00
(J) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 4,457,000.00
(K) AGGREGATE POOL II PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 57,178,200.31
</TABLE>
page 1 of 8 Series 1999-1
<PAGE>
<TABLE>
<S> <C> <C>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS :
CLASS AS-1 2,890,177.60
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT : 2,890,177.60
CLASS AN 414,964.60
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT : 414,964.60
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 672,482.26
CLASS AS-2 840,846.65
CLASS AS-3 1,088,910.75
CLASS MS-1 140,201.19
CLASS MS-2 157,037.53
CLASS BS 101,867.74
TOTAL POOL I CURRENT INTEREST REQUIREMENTS: 3,001,346.12
CLASS AN 305,334.05
CLASS MN 14,918.67
CLASS BN 36,547.09
TOTAL POOL II CURRENT INTEREST REQUIREMENTS: 356,799.81
6. PRINCIPAL PREPAYMENTS DURING THE # OF PRINCIPAL
DUE PERIOD ACCTS BALANCES
----- --------
POOL I 2 2,235,648.60
POOL II 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 0.00
POOL II 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 654,529.00
POOL II 257,327.99
9. AMOUNT OF INTEREST RECEIVED
POOL I 4,454,050.41
POOL II 537,020.10
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION 7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 5,577.92
POOL II 0.00
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
</TABLE>
Page 2 of 8 Series 1999-1
<PAGE>
<TABLE>
<C> <S>
12. (A) THE AMOUNT OF REALIZED LOSSES INCURRED DURING
THE DUE PERIOD
POOL I 0.00
POOL II 463,803.21
(B) THE AMOUNT OF RECOVERIES ON PREVIOUS REALIZED
LOSSES RECEIVED DURING THE DUE PERIOD (incl. in 9.)
POOL I 10,000.00
POOL II 0.00
13. THE INTEREST SHORTFALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION ACCOUNT
POOL I 1,211,785.62
POOL II 0.00
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 112,762,861.01
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 502,232,861.01
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 50,077,235.71
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 56,763,235.71
</TABLE>
Page 3 of 8 Series 1999-1
<PAGE>
<TABLE>
<S> <C> <C>
16. EXCESS SPREAD
POOL I 1,211,785.62
POOL II 157,636.61
TOTAL EXCESS SPREAD (POOL I and II) 1,369,422.23
17. (A) SPREAD AMOUNT
POOL I 38,649,586.08
POOL II 6,970,624.42
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 63,140.38
POOL II 2,382.43
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
------ -------
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 177,778.29 20,201.25
(F) SECTION 4.04 (h) 0.00 0.00
</TABLE>
page 4 of 8 Series 1999-1
<PAGE>
<TABLE>
<S> <C> <C> <C>
21. CLASS AS-1 POOL FACTOR
CURRENT CLASS AS-1 PRINCIPAL BALANCE 112,762,861.01 0.81837940
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00 1.00000000
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00 1.00000000
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00 1.00000000
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00 1.00000000
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00 1.00000000
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 502,232,861.01 0.95253720
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 50,077,235.71 0.90400281
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00 1.00000000
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00 1.00000000
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 56,763,235.71 0.91434152
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 9.6888%
POOL II 10.6330%
(B) WEIGHTED AVERAGE LOAN INTEREST RATE
------------------------------------
FOR 03/31/00 04/30/00
------------------------------------
POOL I 9.3883% 9.6949%
POOL II 10.1679% 10.6334%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 6.75250%
CLASS AS-2 6.92250%
CLASS AS-3 6.64000%
CLASS MS-1 7.37250%
CLASS MS-2 7.77250%
CLASS BS 9.52250%
CLASS AN 7.02250%
CLASS MN 7.77250%
CLASS BN 9.52250%
</TABLE>
Page 5 of 8 Series 1999-1
<PAGE>
<TABLE>
<CAPTION>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR
<S> <C>
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 6.52250%
AUCTION RATE 6.64000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS'
INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
(A) LOC AVAILABLE AMOUNT
POOL I 13,803,423.60
POOL II 4,597,219.80
(B) LOC AVAILABLE AMOUNT EXPRESSED AS A PERCENTAGE
OF POOL PRINCIPAL BALANCES AFTER DISTRIBUTION
POOL I 2.75%
POOL II 8.10%
I, Stephanie Callahan, Assistant Vice President, represent that The Money
Store Commercial Mortgage, Inc., complied with section 7.10 of the Sale and
Servicing Agreement dated May 31, 1999 pertaining to Series 1999-1 in
preparing the accompanying Trust Administrator's Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
</TABLE>
page 6 of 8 Series 1999-1
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - MAY 31, 2000
FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
POOL I $527,079,023.49 711 1 TO 29 DAYS 5,017,489.77 6 0.95%
------
30 TO 59 DAYS 2,011,114.37 3 0.38%
60 TO 89 DAYS 1,100,000.00 1 0.21%
90 AND OVER 1,400,000.00 1 0.27%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $9,528,604.14 11 1.81%
==========================================
POOL II $59,136,640.33 126 1 TO 29 DAYS 2,828,289.40 5 4.78%
-------
30 TO 59 DAYS 0.00 0 0.00%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 683,300.00 1 1.16%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $3,511,589.40 6 5.94%
==========================================
</TABLE>
page 7 of 8 Series 1999-1
<PAGE>
Series 1999-1
The following additional information, presented in dollars, pursuant to Section
7.10, subclauses (ii), (iii), (v), (vi), (vii), (viii), and (xv) is provided for
each Class per $25,000 original dollar amount as of the Cut-off Date.
<TABLE>
<CAPTION>
Subclause Class AS-1 Class AS-2 Class AS-3
---------- ---------- ----------
<S> <C> <C> <C>
(ii) 20,984 25,000 25,000
(iii) 524 0 0
(v) 122 149 143
(vi) 406 0 0
(vii) 0 0 0
(viii) 119 0 0
(xv) (a, b & c) 20,459 25,000 25,000
Class MS-1 Class MS-2 Class BS Pool I
---------- ---------- -------- ------
(ii) 25,000 25,000 25,000 23,950
(iii) 0 0 0 137
(v) 159 167 205 142
(vi) 0 0 0 106
(vii) 0 0 0 0
(viii) 0 0 0 31
(xv) (a, b & c) 25,000 25,000 25,000 23,813
Class AN Class MN Class BN Pool II
-------- -------- -------- -------
(ii) 22,787 25,000 25,000 23,026
(iii) 187 0 0 167
(v) 138 167 205 144
(vi) 0 0 0 0
(vii) 0 0 0 0
(viii) 0 0 0 104
(xv) (a, b & c) 22,600 25,000 25,000 22,859
</TABLE>
page 8 of 8 Series 1999-1
<PAGE>
Exhibit 99.19
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED
AS OF MAY 31,1999, THE MONEY STORE COMMERCIAL MORTGAGE, INC. REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE JULY 12, 2000
DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $4,794,649.53 $691,885.15
ADJ : RECALCULATION 0.00 0.00
------------------- -------------------
4,794,649.53 691,885.15
LESS: SERVICING FEE 174,491.38 18,091.56
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
------------------- -------------------
174,491.38 18,091.56
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 0.00 0.00
------------------- -------------------
0.00 0.00
------------------- -------------------
POOL AVAILABLE REMITTANCE AMOUNT 4,620,158.15 673,793.59
=================== ===================
<CAPTION>
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 112,762,861.01
(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 141,057,000.00
(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 190,443,000.00
(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 22,084,000.00
(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 23,463,000.00
(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 12,423,000.00
(G) AGGREGATE POOL I PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 502,232,861.01
(H) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 50,077,235.71
(I) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 2,229,000.00
(J) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 4,457,000.00
(K) AGGREGATE POOL II PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 56,763,235.71
</TABLE>
page 1 of 8 Series 1999-1
<PAGE>
<TABLE>
<S> <C> <C>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS :
CLASS AS-1 568,119.28
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT : 568,119.28
CLASS AN 299,213.05
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT : 299,213.05
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 689,732.83
CLASS AS-2 884,113.93
CLASS AS-3 1,142,658.00
CLASS MS-1 147,251.20
CLASS MS-2 164,788.47
CLASS BS 106,575.54
TOTAL POOL I CURRENT INTEREST REQUIREMENTS: 3,135,119.97
CLASS AN 318,324.29
CLASS MN 15,655.01
CLASS BN 38,236.11
TOTAL POOL II CURRENT INTEREST REQUIREMENTS: 372,215.41
6. PRINCIPAL PREPAYMENTS DURING THE # OF PRINCIPAL
DUE PERIOD ACCTS BALANCES
----- --------
POOL I 1 84,569.69
POOL II 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 53,136.18
POOL II 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 430,413.41
POOL II 202,966.16
9. AMOUNT OF INTEREST RECEIVED
POOL I 4,226,530.25
POOL II 488,918.99
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION 7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 0.00
POOL II 0.00
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
</TABLE>
page 2 of 8 Series 1999-1
<PAGE>
<TABLE>
<S> <C>
12. (A) THE AMOUNT OF REALIZED LOSSES INCURRED DURING
THE DUE PERIOD
POOL I 0.00
POOL II 0.00
(B) THE AMOUNT OF RECOVERIES ON PREVIOUS REALIZED
LOSSES RECEIVED DURING THE DUE PERIOD (incl. in 9.)
POOL I 0.00
POOL II 8,000.00
13. THE INTEREST SHORTFALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION ACCOUNT
POOL I 854,139.79
POOL II 0.00
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 112,194,741.73
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 501,664,741.73
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 49,778,022.66
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 56,464,022.66
</TABLE>
page 3 of 8 Series 1999-1
<PAGE>
<TABLE>
<CAPTION>
16. EXCESS SPREAD
<S> <C>
POOL I 854,139.79
POOL II 96,246.89
TOTAL EXCESS SPREAD (POOL I and II) 950,386.68
17. (A) SPREAD AMOUNT
POOL I 38,649,586.08
POOL II 6,970,624.42
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 62,779.11
POOL II 2,365.13
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 174,491.38 18,091.56
(F) SECTION 4.04 (h) 0.00 0.00
</TABLE>
page 4 of 8 Series 1999-1
<PAGE>
<TABLE>
<S> <C> <C> <C>
21. CLASS AS-1 POOL FACTOR
CURRENT CLASS AS-1 PRINCIPAL BALANCE 112,194,741.73 0.81425626
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00 1.00000000
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00 1.00000000
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00 1.00000000
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00 1.00000000
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00 1.00000000
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 501,664,741.73 0.95145971
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 49,778,022.66 0.89860137
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00 1.00000000
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00 1.00000000
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 56,464,022.66 0.90952180
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 9.6891%
POOL II 10.6259%
(B) WEIGHTED AVERAGE LOAN INTEREST RATE
---------------------- ----------------------
FOR 04/30/2000 05/31/2000
---------------------- ----------------------
POOL I 9.6949% 9.6888%
POOL II 10.6334% 10.6330%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 6.88125%
CLASS AS-2 7.05125%
CLASS AS-3 6.75000%
CLASS MS-1 7.50125%
CLASS MS-2 7.90125%
CLASS BS 9.65125%
CLASS AN 7.15125%
CLASS MN 7.90125%
CLASS BN 9.65125%
</TABLE>
page 5 of 8 Series 1999-1
<PAGE>
<TABLE>
<CAPTION>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR
<S> <C>
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 6.65125%
AUCTION RATE 6.75000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS'
INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- --------
POOL I 0 0.00
POOL II 0 0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
(A) LOC AVAILABLE AMOUNT
POOL I 13,803,423.60
POOL II 4,597,219.80
(B) LOC AVAILABLE AMOUNT EXPRESSED AS A PERCENTAGE
OF POOL PRINCIPAL BALANCES AFTER DISTRIBUTION
POOL I 2.75%
POOL II 8.14%
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Commercial Mortgage, Inc., complied with section 7.10 of the Sale and Servicing
Agreement dated May 31, 1999 pertaining to Series 1999-1 in preparing the
accompanying Trust Administrator's Certificate.
</TABLE>
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
page 6 of 8 Series 1999-1
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - JUNE 30, 2000
FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
POOL I $526,510,904.21 710 1 TO 29 DAYS 4,484,615.22 6 0.85%
30 TO 59 DAYS 1,584,008.70 1 0.30%
60 TO 89 DAYS 1,322,029.57 2 0.25%
90 AND OVER 1,400,000.00 1 0.27%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $8,790,653.49 10 1.67%
=================================================
POOL II $58,933,674.17 126 1 TO 29 DAYS 1,401,931.21 2 2.38%
30 TO 59 DAYS 793,444.45 2 1.35%
60 TO 89 DAYS 632,913.74 1 1.07%
90 AND OVER 683,300.00 1 1.16%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $3,511,589.40 6 5.96%
=================================================
</TABLE>
page 7 of 8 Series 1999-1
<PAGE>
Series 1999-1
The following additional information, presented in dollars, pursuant to Section
7.10, subclauses (ii), (iii), (v), (vi), (vii), (viii), and (xv) is provided for
each Class per $25,000 original dollar amount as of the Cut-off Date.
<TABLE>
<CAPTION>
Subclause Class AS-1 Class AS-2 Class AS-3
<S> <C> <C> <C>
(ii) 20,459 25,000 25,000
(iii) 103 0 0
(v) 125 157 150
(vi) 15 0 0
(vii) 10 0 0
(viii) 78 0 0
(xv) (a, b & c) 20,356 25,000 25,000
Class MS-1 Class MS-2 Class BS Pool I
(ii) 25,000 25,000 25,000 23,813
(iii) 0 0 0 27
(v) 167 176 214 149
(vi) 0 0 0 4
(vii) 0 0 0 3
(viii) 0 0 0 20
(xv) (a, b & c) 25,000 25,000 25,000 23,786
Class AN Class MN Class BN Pool II
(ii) 22,600 25,000 25,000 22,859
(iii) 135 0 0 120
(v) 144 176 214 150
(vi) 0 0 0 0
(vii) 0 0 0 0
(viii) 0 0 0 82
(xv) (a, b & c) 22,465 25,000 25,000 22,738
</TABLE>
page 8 of 8 Series 1999-1
<PAGE>
TRUST ADMINISTRATOR'S CERTIFICATE
IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT
DATED AS OF MAY 31,1999, THE MONEY STORE COMMERCIAL MORTGAGE, INC.,
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1
FOR THE AUGUST 10, 2000 DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II
<S> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED $ 5,693,194.02 $862,018.50
ADJ: RECALCULATION 0.00 0.00
-------------- -------------
5,693,194.02 862,018.50
LESS: SERVICING FEE 183,015.59 21,424.80
UNREIMBURSED MONTHLY ADVANCES 0.00 0.00
-------------- -------------
183,015.59 21,424.80
PLUS: MONTHLY ADVANCES 0.00 0.00
COMPENSATING INTEREST 0.00 0.00
-------------- -------------
0.00 0.00
-------------- -------------
POOL AVAILABLE REMITTANCE AMOUNT 5,510,178.43 840,593.70
============== =============
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 112,194,741.73
(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 141,057,000.00
(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 190,443,000.00
(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 22,084,000.00
(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 23,463,000.00
(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 12,423,000.00
(G) AGGREGATE POOL I PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 501,664,741.73
(H) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 49,778,022.66
(I) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 2,229,000.00
(J) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 4,457,000.00
(K) AGGREGATE POOL II PRINCIPAL BALANCE AS REPORTED
IN THE PRIOR TRUST ADMINISTRATOR'S CERTIFICATE 56,464,022.66
</TABLE>
Series 1999-1
Page 1 of 8
<PAGE>
<TABLE>
<S> <C>
3. POOL PRINCIPAL DISTRIBUTION AMOUNTS:
CLASS AS-1 2,618,752.99
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT: 2,618,752.99
CLASS AN 503,781.63
CLASS MN 0.00
CLASS BN 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT: 503,781.63
4. LETTER OF CREDIT PAYMENTS
POOL I 0.00
POOL II 0.00
TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS 0.00
5. CURRENT INTEREST REQUIREMENTS
CLASS AS-1 619,661.69
CLASS AS-2 798,387.52
CLASS AS-3 1,032,465.56
CLASS MS-1 133,001.66
CLASS MS-2 148,867.03
CLASS BS 96,333.89
TOTAL POOL I CURRENT INTEREST REQUIREMENTS: 2,828,717.35
CLASS AN 285,755.23
CLASS MN 14,142.46
CLASS BN 34,561.71
TOTAL POOL II CURRENT INTEREST REQUIREMENTS: 334,459.40
6. PRINCIPAL PREPAYMENTS DURING THE # OF PRINCIPAL
DUE PERIOD ACCTS BALANCES
----- --------
POOL I 1 835,315.68
POOL II 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 0.00
POOL II 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT
OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
POOL I 424,737.24
POOL II 288,874.01
9. AMOUNT OF INTEREST RECEIVED
POOL I 4,433,141.10
POOL II 573,144.49
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
DETERMINATION DATE TO BE DEPOSITED IN THE
CERTIFICATE ACCOUNT PURSUANT TO SECTION 7.01(a)(ii)
POOL I 0.00
POOL II 0.00
(B) COMPENSATING INTEREST PAYMENT
POOL I 0.00
POOL II 0.00
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)
</TABLE>
Series 1999-1
Page 2 of 8
<PAGE>
<TABLE>
<S> <C>
12. (A) THE AMOUNT OF REALIZED LOSSES INCURRED DURING
THE DUE PERIOD
POOL I 1,400,000.00
POOL II 0.00
(B) THE AMOUNT OF RECOVERIES ON PREVIOUS REALIZED
LOSSES RECEIVED DURING THE DUE PERIOD (incl. in 9.)
POOL I 0.00
POOL II 4,000.00
13. THE INTEREST SHORTFALL CARRYFORWARD AMOUNTS
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
14. (A) REIMBURSABLE AMOUNTS 0.00
(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
DEPOSIT INTO THE CERTIFICATE DISTRIBUTION ACCOUNT
POOL I 0.00
POOL II 0.00
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 109,575,988.74
(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 141,057,000.00
(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 190,443,000.00
(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 22,084,000.00
(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 23,463,000.00
(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 12,423,000.00
(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 499,045,988.74
(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 49,274,241.03
(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 2,229,000.00
(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 4,457,000.00
(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
TO BE MADE ON THE REMITTANCE DATE AND AFTER
ALLOCATION OF REALIZED LOSSES 55,960,241.03
</TABLE>
Page 3 of 8 Series 1999-1
<PAGE>
<TABLE>
<S> <C> <C>
16. EXCESS SPREAD
POOL I 1,358,700.07
POOL II 214,907.62
TOTAL EXCESS SPREAD (POOL I and II) 1,573,607.69
17. (A) SPREAD AMOUNT
POOL I 38,608,286.15
POOL II 7,066,871.31
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 38,649,586.08
POOL II 7,959,175.56
18. (A) APPLIED REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(B) REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
(C) UNPAID REALIZED LOSS AMOUNT
CLASS AS-1 0.00
CLASS AS-2 0.00
CLASS AS-3 0.00
CLASS MS-1 0.00
CLASS MS-2 0.00
CLASS BS 0.00
CLASS AN 0.00
CLASS MN 0.00
CLASS BN 0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
POOL I 62,708.09
POOL II 2,352.67
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS
TO THE SERVICER PURSUANT TO: POOL I POOL II
------ -------
(A) SECTION 4.04 (b) 0.00 0.00
(B) SECTION 4.04 (c) 0.00 0.00
(C) SECTION 4.04 (d)(ii) 0.00 0.00
(D) SECTION 4.04 (e) 0.00 0.00
(E) SECTION 4.04 (f) 183,015.59 21,424.80
(F) SECTION 4.04 (h) 0.00 0.00
</TABLE>
Page 4 of 8 Series 1999-1
<PAGE>
21. CLASS AS-1 POOL FACTOR
CURRENT CLASS AS-1 PRINCIPAL BALANCE 109,575,988.74
ORIGINAL CLASS AS-1 PRINCIPAL BALANCE 137,788,000.00
CLASS AS-2 POOL FACTOR
CURRENT CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
ORIGINAL CLASS AS-2 PRINCIPAL BALANCE 141,057,000.00
CLASS AS-3 POOL FACTOR
CURRENT CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
ORIGINAL CLASS AS-3 PRINCIPAL BALANCE 190,443,000.00
CLASS MS-1 POOL FACTOR
CURRENT CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
ORIGINAL CLASS MS-1 PRINCIPAL BALANCE 22,084,000.00
CLASS MS-2 POOL FACTOR
CURRENT CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
ORIGINAL CLASS MS-2 PRINCIPAL BALANCE 23,463,000.00
CLASS BS POOL FACTOR
CURRENT CLASS BS PRINCIPAL BALANCE 12,423,000.00
ORIGINAL CLASS BS PRINCIPAL BALANCE 12,423,000.00
POOL I FACTOR
CURRENT POOL I PRINCIPAL BALANCE 499,045,988.74
ORIGINAL POOL I PRINCIPAL BALANCE 527,258,000.00
CLASS AN POOL FACTOR
CURRENT CLASS AN PRINCIPAL BALANCE 49,274,241.03
ORIGINAL CLASS AN PRINCIPAL BALANCE 55,395,000.00
CLASS MN POOL FACTOR
CURRENT CLASS MN PRINCIPAL BALANCE 2,229,000.00
ORIGINAL CLASS MN PRINCIPAL BALANCE 2,229,000.00
CLASS BN POOL FACTOR
CURRENT CLASS BN PRINCIPAL BALANCE 4,457,000.00
ORIGINAL CLASS BN PRINCIPAL BALANCE 4,457,000.00
POOL II FACTOR
CURRENT POOL II PRINCIPAL BALANCE 55,960,241.03
ORIGINAL POOL II PRINCIPAL BALANCE 62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
POOL I 10.0017%
POOL II 11.0907%
(B) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
----------------
05/31/2000
----------------
POOL I 9.6888%
POOL II 10.6330%
23. (A) REMITTANCE RATE FOR
CLASS AS-1 6.85625%
CLASS AS-2 7.02625%
CLASS AS-3 6.73000%
CLASS MS-1 7.47625%
CLASS MS-2 7.87625%
CLASS BS 9.62625%
CLASS AN 7.12625%
CLASS MN 7.87625%
CLASS BN 9.62625%
Page 5 of 8 Series 1999-1
<PAGE>
(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN OR AUCTION RATE FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
24. LIBOR RATE 6.62625%
AUCTION RATE 6.73000%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
(A) NET FUNDS CAP FOR
CLASS AS-1 N/A
CLASS AS-2 N/A
CLASS AS-3 N/A
CLASS MS-1 N/A
CLASS MS-2 N/A
CLASS BS N/A
CLASS AN N/A
CLASS MN N/A
CLASS BN N/A
(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I N/A
26. NOTEHOLDERS' INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS'
INTEREST CARRYOVER 0.00
(B) NOTEHOLDER'S INTEREST CARRYOVER BALANCE 0.00
28. DEFAULTED LOANS PURCHASED DURING THE # OF PRINCIPAL
DUE PERIOD LOANS BALANCES
----- ---------
POOL I 0 0.00
POOL II 0 0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE
MAY REASONABLY REQUIRE:
(A) LOC AVAILABLE AMOUNT
POOL I 13,803,423.60
POOL II 4,597,219.80
(B) LOC AVAILABLE AMOUNT EXPRESSED AS A PERCENTAGE
OF POOL PRINCIPAL BALANCES AFTER DISTRIBUTION
POOL I 2.77%
POOL II 8.22%
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Commercial Mortgage, Inc., complied with section 7.10 of the Sale and Servicing
Agreement dated May 31, 1999 pertaining to Series 1999-1 in preparing the
accompanying Trust Administrator's Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 6 of 8 Series 1999-1
<PAGE>
EXHIBIT L
THE MONEY STORE COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT - JULY 31, 2000
FOR SERIES 1999-1
DELINQUENCY AND FORECLOSURE INFORMATION
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------
OUTSTANDING # OF # OF
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCT PCT
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
POOL I $523,850,851.29 708 1 TO 29 DAYS 10,149,430.39 13 1.94%
------ 30 TO 59 DAYS 1,869,533.62 2 0.36%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 486,713.89 1 0.09%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $12,505,677.90 16 2.39%
============== === ====
POOL II $ 58,644,800.16 126 1 TO 29 DAYS 1,401,931.21 2 2.39%
------- 30 TO 59 DAYS 0.00 0 0.00%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 683,300.00 1 1.17%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $ 2,085,231.21 3 3.56%
============== === ====
</TABLE>
Page 7 of 8 Series 1999-1
<PAGE>
Series 1999-1
The following additional information, presented in dollars, pursuant to Section
7.10, subclauses (ii), (iii), (v), (vi), (vii), (viii), and (xv) is provided for
each Class per $25,000 original dollar amount as of the Cut-off Date.
<TABLE>
<CAPTION>
Subclause Class AS-1 Class AS-2 Class AS-3
---------- ---------- ----------
<S> <C> <C> <C> <C>
(ii) 20,356 25,000 25,000
(iii) 475 0 0
(v) 112 142 136
(vi) 152 0 0
(vii) 0 0 0
(viii) 77 0 0
(xv) (a, b & c) 19,881 25,000 25,000
Class MS-1 Class MS-2 Class BS Pool I
---------- ---------- -------- ------
(ii) 25,000 25,000 25,000 23,786
(iii) 0 0 0 124
(v) 151 159 194 134
(vi) 0 0 0 40
(vii) 0 0 0 0
(viii) 0 0 0 20
(xv) (a, b & c) 25,000 25,000 25,000 23,662
Class AN Class MN Class BN Pool II
-------- -------- -------- -------
(ii) 22,465 25,000 25,000 22,738
(iii) 227 0 0 203
(v) 129 159 194 135
(vi) 0 0 0 0
(vii) 0 0 0 0
(viii) 0 0 0 116
(xv) (a, b & c) 22,238 25,000 25,000 22,535
</TABLE>
Page 8 of 8 Series 1999-1
|
|