<PAGE> 1
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934, as amended
Date of Report (Date of earliest event reported): October 22, 1996
GMAC COMMERCIAL MORTGAGE SECURITIES, INC.
(as depositor under the Pooling and Servicing Agreement,
to be dated as of November 1, 1996, providing for the issuance of
Commercial Mortgage Pass-Through Certificates, Series 1996-C1)
GMAC COMMERICAL MORTGAGE SECURITIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 33-94448 23-2811925
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
650 Dresher Road
Horsham, Pennsylvania 19044
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (215) 682-3480
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<PAGE> 2
-2-
Item 5. Other Events
On or about November 6, 1996, the Registrant will cause the
issuance and sale of GMAC Commercial Mortgage Securities, Inc., Series
1996-C1 Commercial Mortgage Pass-Through Certificates, Class X-1, Class
X-2, Class A-1, Class A-2A, Class A-2B, Class B, Class C, Class D and
Class E Certificates (collectively, the "Registered Certificates") and
Class F, Class G, Class H, Class R-I, Class, R-II and Class R-III
Certificates pursuant to a Pooling and Servicing Agreement, to be dated
as of November 1, 1996, among the Registrant, GMAC Commercial Mortgage
Corporation as servicer and State Street Bank and Trust Company as
trustee.
In connection with the expected sale of the Registered
Certificates, Goldman, Sachs & Co. and Morgan Stanley & Co.
Incorporated (together, the "Underwriters") has advised the Registrant
that it has furnished to prospective investors certain collateral
information with respect to the mortgage loans underlying the proposed
offering of the Registered Certificates (the "Collateral Term Sheets"),
which Collateral Term Sheets are being filed as exhibits to this report.
The Collateral Term Sheets have been provided by the
Underwriters. The information in the Collateral Term Sheets is
preliminary and will be superseded by the Prospectus Supplement relating
to the Registered Certificates and by any other information subsequently
filed with the Securities and Exchange Commission.
The Collateral Term Sheets were prepared by the Underwriters at
the request of certain prospective investors. The Collateral Term Sheets
may be based on information that differs from the information set forth
in the Prospectus Supplement.
In addition, the actual characteristics and performance of the
mortgage loans underlying the Registered Certificates may differ from
the information provided in the Collateral Term Sheets, which were
provided to certain investors only to give a sense of the underlying
collateral which will effect the maturity, interest rate sensitivity and
cash flow characteristics of the Registered Certificates. Any
difference between the collateral information in the Collateral Term
Sheets and the actual characteristics of the mortgage loans will affect
the actual yield, average life, duration, expected maturity, interest
rate sensitivity and cash flow characteristics of the Registered
Certificates.
<PAGE> 3
-3-
Item 7. Financial Statements Pro Forma Financial Information and Exhibits
(a) Financial Statements.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
- ----------- ----------- -----------
1 99.1 Collateral Term Sheets
<PAGE> 4
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
GMAC COMMERCIAL MORTGAGE
SECURITIES, INC.
By: /s/ Elisa George
------------------------
Elisa George
Vice President
Dated: October 22, 1996
<PAGE> 5
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Page
- -------- ----------- ----------- ------------
1 99.1 Collateral Term Sheets 6
<PAGE> 1
EXHIBIT 99.1
ANNEX A
CERTAIN CHARACTERISTICS
OF THE MORTGAGE LOANS
A-1
<PAGE> 2
ANNEX A
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
The schedule and tables appearing in this Annex A set forth certain
information with respect to the Mortgage Loans and Mortgaged Properties. Such
information is presented, where applicable, as of the Cut-off Date. The
statistics in such schedule and tables were derived, in many cases, from
information and operating statements furnished by or on behalf of the respective
borrowers. Such information and operating statements were generally unaudited
and have not been independently verified by the Depositor or the Underwriters or
any of their respective affiliates or any other person. The sum of the amounts
in any column of any of the tables of this Annex A may not equal the indicated
total under such column due to rounding.
Underwriting NOI and the Estimated Annual Revenues and Estimated Annual
Operating Expenses used to determine Underwriting NOI for each Mortgaged
Property are derived from information furnished by the respective borrowers. Net
income for a Mortgaged Property as determined in accordance with generally
accepted accounting principles ("GAAP") would not be the same as the stated
Underwriting NOI, 1995 NOI or 1994 NOI for such Mortgaged Property as set forth
in the following schedule or tables. In addition, none of Underwriting NOI, Most
Recent NOI, 1995 NOI or 1994 NOI is a substitute for or comparable to operating
income as determined in accordance with GAAP as a measure of the results of a
property's operations or a substitute for cash flows from operating activities
determined in accordance with GAAP as a measure of liquidity. No representation
is made as to the future net cash flow of the Mortgaged Properties, nor is the
Underwriting NOI, Most Recent NOI, 1995 NOI or 1994 NOI set forth herein with
respect to any Mortgage Property intended to represent such future net cash
flow.
In the schedule and tables set forth in this Annex A, with respect to
Mortgage Loans evidenced by one Mortgage Note, but secured by multiple Mortgaged
Properties, a portion of the principal balance of the Mortgage Loan has been
allocated to each related Mortgaged Property for certain purposes, including
determining the Cut-off Date Loan-to-Value Ratio, Underwriting Debt Service
Coverage Ratio, Underwriting NOI, Underwriting Cash Flow and Most Recent NOI.
For purposes of the Prospectus Supplement, including the schedule and
tables in this Annex A, the indicated terms shall have the following meanings,
modified accordingly, by reference to the Payment Loan Term Notes and footnotes
to the schedules that follow:
1. "UNDERWRITING NOI" or "U/W NOI" as used herein with respect to any
Mortgaged Property means an estimate, determined prior to the Delivery Date, of
the total cash flow anticipated to be available for annual debt service on a
Mortgage Loan calculated as the excess of Estimated Annual Revenues over
Estimated Annual Operating Expenses, each of which was generally derived in the
following manner:
(i) "ESTIMATED ANNUAL REVENUES" were generally assumed to be equal to
one of the following: (a) the actual amounts of gross rents (in some cases
including percentage rent) received during the latest 12-month period
covered by operating statements supplied by the borrower (or annualized
gross rents if such operating statements covered less than a 12-month
period); or (b) the annualized amounts of gross potential rents or monthly
contractual base rents under leases in effect as reflected on a rent roll
provided by the borrower in connection with the origination of the related
Mortgage Loan; or (c) amounts consistent with historical operating trends
and market and competitive conditions; provided that such revenues were
generally modified by (x) assuming that the occupancy rate for the
Mortgaged Property was consistent with the relevant market if such
occupancy rate was less than the occupancy rate reflected in the most
recent rent roll or operating statements, as the case may be, furnished by
the related borrower or as determined by a site inspection of the Mortgaged
Property, and (y), in the case of retail, industrial/warehouse, office and
medical office Mortgaged Properties, by assuming a level of expense
reimbursements from tenants consistent with the terms of the lease or
historical trends at the property, and in certain cases, assuming that a
specified percentage of rent will become uncollectible. In addition, in the
case of certain Mortgaged Properties, upward adjustments may have been made
with respect to such revenues to account for all or a portion of the rents
provided for under any new leases scheduled to take effect later in the
year.
A-2
<PAGE> 3
(ii) "ESTIMATED ANNUAL OPERATING EXPENSES" were generally assumed to
be equal to historical expenses reflected in the operating statements and
other information furnished by the borrower, except that such expenses were
generally modified as follows: (a) adjusting upwards or downwards to
reflect a market level management fee and franchise fee, as appropriate,
and (b) adjusting certain historical expense items upwards or downwards to
amounts that reflect industry norms for the particular type of property
and/or taking into consideration material changes in the operating position
of the related Mortgaged Property (such as newly signed leases and market
data).
2. "UNDERWRITING CASH FLOW" is Underwriting NOI after certain adjustments
have been made that relate to replacement reserves and reserves for capital
expenditures and tenant improvement and leasing commissions.
3. "1995 NOI" is the net operating income (1995 Revenues less 1995
Expenses) for a Mortgaged Property as established by information provided by the
related borrower, except that in certain cases such net operating income has
been adjusted by removing certain nonrecurring expenses and revenues or by
certain other normalizations and in certain cases may reflect annualization of
partial year numbers. 1995 NOI does not necessarily reflect accrual of certain
costs such as real estate taxes and capital expenditures and does not reflect
non-cash items such as depreciation or amortization. In some cases, capital
expenditures and non-recurring items may have been treated by a borrower as an
expense but were deducted from 1995 Expenses to reflect normalized 1995 NOI. In
most cases, no attempt was made to verify the accuracy of any information
provided by each borrower or to reflect changes in net operating income that may
have occurred since the date of the information provided by each borrower for
the related Mortgaged Property.
4. "1994 NOI" is the net operating income for 1994, calculated in a manner
consistent with 1995 NOI.
5. "MOST RECENT NOI" is the net operating income for any Mortgaged Property
based on the most recent available operating statement (generally for a partial
year period in 1996) or trailing 12-month net operating income reflected as of
the Most Recent NOI End Date, calculated in a manner consistent with 1995 NOI.
Where information was not available for 1996 in respect of a Mortgaged Property,
Most Recent NOI as set forth in this Annex A shall be 1995 NOI.
6. "ANNUAL DEBT SERVICE" means, for any Mortgage Loan 12 times the Monthly
Payment in effect as of the Cut-off Date (or, in the case of each Cash-Flow
Amortization Loan, an assumed Monthly Payment of principal and interest based on
the applicable Current Mortgage Rate and a 25-year amortization term).
7. "DEBT SERVICE COVERAGE RATIO," "UNDERWRITING DEBT SERVICE COVERAGE
RATIO" and "UNDERWRITING DSCR" means, with respect to any Mortgage Loan, (a) the
Underwriting NOI for the related Mortgaged Property, divided by (b) the Annual
Debt Service for such Mortgage Loan.
8. "COMBINED DEBT SERVICE COVERAGE RATIO" or "UNDERWRITING COMBINED DSC"
means, with respect to any Cross-Collateralized Mortgage Loan, (a) aggregate
Underwriting NOI for all the related Mortgaged Properties, divided by (b) the
aggregate Annual Debt Service for such Cross-Collateralized Mortgage Loan and
all other Mortgage Loans with which it is cross-collateralized.
9. "APPRAISED VALUE" means, for any Mortgaged Property, the appraiser's
adjusted value as stated in the most recent third party appraisal, available to
the Depositor. No representation is made that any such value would approximate
either the value that would be determined in a current appraisal of the related
Mortgaged Property or the amount that would be realized upon a sale.
10. "CUT-OFF DATE LOAN-TO-VALUE RATIO," "CUT-OFF DATE LTV RATIO,"
"LOAN-TO-VALUE RATIO" or "LTV" means, with respect to any Mortgage Loan, the
Cut-off Date Balance of such Mortgage Loan divided by the Appraised Value of the
related Mortgaged Property.
11. "NET RENTABLE AREA" or "PROPERTY SIZE (SF)" or "SF" means, in the case
of a Mortgaged Property operated as a retail center, office or medical office
complex, industrial/warehouse facility, self-storage facility or combination
retail office facility, the square footage of the net rentable or leasable area.
12. "TOTAL UNITS" means: (i) in the case of a Mortgaged Property operated
as multifamily housing, the number of apartments, regardless of the size of or
number of rooms in such apartment; (ii) in the case of a Mortgaged Property
operated as a self-storage facility, the number of self-storage units; (iii) in
the case of a Mortgaged Property operated as a nursing home, the number of beds;
(iv) in the case of a Mortgaged Property
A-3
<PAGE> 4
constituting a mobile home park, the number of pads; and (v) in the case of a
Mortgaged Property operated as a hotel, the number of guest rooms.
13. "OCCUPANCY %" means the percentage of Net Rentable Area or Total Units,
as the case may be, of the Mortgaged Property that was occupied as of a
specified date (identified on this Annex A as the "Occupancy as of Date"), as
specified by the borrower or as derived from the Mortgaged Property's rent rolls
or as determined by a site inspection of the Mortgaged Property. Information in
this Annex A concerning the "Largest Tenant" and "Second Largest Tenant" is
presented as of the same date as of which the Occupancy % is specified.
14. "BALLOON AMOUNT" means, with respect to any Balloon Loan, the principal
amount that will be due at maturity for such Balloon Loan based on the Maturity
Assumptions and a 0% CPR.
15. "LTV AT BALLOON" or "BALLOON LOAN-TO-VALUE RATIO" means, with respect
to any Balloon Loan, the Balloon Amount for such Balloon Loan divided by the
Appraised Value of the related Mortgaged Property.
16. "CURRENT MORTGAGE RATE" means, with respect to any Mortgage Loan, the
Mortgage Rate in effect of the Cut-off Date.
17. "CURRENT REPLACEMENT RESERVES" means, for any Mortgaged Property,
reserves escrowed by the originator at closing for needed repairs and
remediation or abatement of environmental issues as set forth in engineering and
environmental reports, as reduced by the portion of such amounts applied for
their intended purpose. Current Replacement Reserves are reported as of a date
within 90 days prior to the Cut-off Date.
18. "CURRENT OTHER RESERVES" means, for any Mortgaged Property, reserves
(including cash equivalents) escrowed by the originator at closing for payment
of future leasing commissions, tenant improvement expenses and capital
expenditures, as reduced by the portion of such amounts applied for their
intended purposes. Current Other Reserves are reported as of a date within 90
days prior to the Cut-off Date.
19. CUT-OFF DATE PRINCIPAL BALANCE" and "MORTGAGE INTEREST RATE" have the
same meanings as "Cut-off Date Balance" and "Mortgage Rate", respectively.
20. PAYMENT LOAN TERM NOTES. The indicated Mortgage Loans have the
following payment terms.
Adjustable Rate Terms
<TABLE>
<CAPTION>
MORTGAGE
CUT-OFF MAXIMUM MINIMUM RATE
LOAN CONTROL DATE GROSS MORTGAGE MORTGAGE ADJUSTMENT
COUNTER NUMBER BALANCE PROPERTY NAME INDEX MARGIN RATE RATE DATE
- ------- -------- ----------- ------------------------- ------- ------ ------- ------- ----------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
1 CONT1010 $13,176,907 Saddleback Apartments LIBOR 2.75% 11.75% 6.00% 04-01-97
-- 6
month
2 CONT1020 7,400,272 Sierra Creek Apartments LIBOR 2.75 11.75 6.00 04-01-97
-- 6
month
3 CONT1080 4,642,872 Mill Park Apartments LIBOR 2.75 11.75 6.00 04-01-97
-- 6
month
4 CONT1790 2,840,738 Heather Glen Care Center LIBOR 3.00 12.75 8.50 04-01-97
-- 6
month
5 CONT1150 2,626,065 Misty Ridge Apartments LIBOR 2.75 11.75 6.00 04-01-97
-- 6
month
6 CONT1320 1,764,531 Plantation House LIBOR 2.75 11.75 6.00 04-01-97
Apartments -- 6
month
7 CONT1930 1,023,762 15-17 Microlab Road LIBOR 3.15 12.00 9.00 04-01-97
----------- -- 6 ----- ------ ------
month
Total or
Wtd. Avg. $33,475,147 2.7834% 11.843% 6.304%
</TABLE>
A-4
<PAGE> 5
Loan Counters 9 and 10, 500 Enterprise Drive and Tech Center
Multiple Mortgaged Properties: The two Mortgaged Properties secure one Mortgage
Note with an original balance of $18,731,250. The loan terms are reported
separately with respect to each Mortgaged Property, allocated generally based
upon each property's value.
Loan Counter 11, Dadeland
Interest-Only, Then Amortizing Payments: The Mortgage Loan requires Monthly
Payments of interest only in the amount of $129,544.26 from September 1, 1996
through August 1, 1997. During this period, the Mortgage Rate is 9.6555% per
annum. Commencing on September 1, 1997 and through maturity, Monthly Payments of
principal and interest in the amount of $129,544.26 are required based on a
Mortgage Rate of 9.00% per annum.
Loan Counter 14, 3(rd) & 4(th) Battery
Interest-Only, Then Amortizing Payments: The Mortgage Loan requires Monthly
Payments of interest only in the amount of $102,223.74 from August 1, 1996
through July 1, 1997. During this period, the payment Mortgage Rate is 9.9065%
per annum. Commencing on August 1, 1997 and through maturity, Monthly Payments
of principal and interest in the amount of $102,223.74 are required based on a
Mortgage Rate of 8.80% per annum.
Loan Counter 15, Centra 600
Interest-Only, Then Amortizing Payments: The Mortgage Loan requires Monthly
Payments of interest only in the amount of $97,239.70 from June 1, 1996 through
May 1, 1997. During this period, the Mortgage Rate is 9.8250% per annum.
Commencing on June 1, 1997 and through maturity, Monthly Payments of principal
and interest in the amount of $97,239.70 are required based on a Mortgage Rate
of 8.70% per annum.
Loan Counter 16, Lantana Cascade
Interest-Only, Then Amortizing Payments: The Mortgage Loan requires Monthly
Payments of interest only in the amount of $68,559.66 from January 1, 1996
through December 1, 1997. During this period, the Mortgage Rate is 8.16% per
annum (based upon actual days over a 360-day year interest calculation method).
Commencing on January 1, 1998 and through maturity, Monthly Payments of
principal and interest in the amount of $76,170.06 are required based on a
Mortgage Rate of 8.16% per annum.
Extension Option: The borrower has the option to extend the Mortgage Loan an
additional 2 years, or to November 22, 2002, provided the borrower has satisfied
the following conditions: a) borrower provides written notice ("Extension
Notice") of intent to extend no less than 60 days prior to maturity, b) borrower
is not, at the time of the delivery of the Extension Notice, or at any time
thereafter prior to the maturity date, in default, c) borrower causes the title
insurer to endorse the Title Insurance Policy with such endorsements as lender
may reasonably require to assure lender that the extension does not affect the
lien priority, d) borrower executes and delivers to lender an extension and
modification agreement memorializing the extension of the maturity date and the
new loan terms and that the document be recorded, e) borrower pays all costs and
expenses incurred by lender in connection with such extension and modification,
and f) the borrower agrees that the extension terms will require Monthly
Payments of principal and interest based on a Mortgage Rate equal to the greater
of a) the sum of a six-month LIBO rate as reported in the Money Rates section of
the Wall Street Journal 15 business days prior to such adjustment date plus a 3%
margin or b) 8.16% per annum. This rate is to become effective 1 day after the
initial maturity date of November 22, 2000, and to be adjusted on June 1, 2001
and each 6 month period thereafter. The monthly principal and interest payments
shall be adjusted each time the interest rate is adjusted based upon a 28-year
amortization schedule from the time of extension. During the extension period,
the loan may be prepaid at par.
A-5
<PAGE> 6
Loan Counter 17, 1001 Connecticut Avenue
Interest-Only, Then Amortizing Payments: The Mortgage Loan requires Monthly
Payments of interest only in the amount of $76,702.69 from October 1, 1996
through September 1, 1997. During this period, the Mortgage Rate is 10.005% per
annum. Commencing on October 1, 1997 and through maturity, Monthly Payments of
principal and interest in the amount of $76,702.69 are required based on a
Mortgage Rate of 8.92% per annum.
Extension Option: The borrower has the option to extend the Mortgage Loan an
additional 5 years, or to December 31, 2005. The extension terms require Monthly
Payments of principal and interest based on a Mortgage Rate equal to 240 basis
points over the bid side yield of the 5-year US Treasury determined as of the
close of business on the last business day immediately preceding the initial
maturity date of December 31, 2000. The payments are to be determined using an
initial amortization period of 249 months.
The loan may be prepaid at par during the extension period. The loan has a
prepayment penalty equal to the greater of 1% or yield maintenance with no open
period during the extension period (Note: The loan has 60-day open window prior
to the initial maturity date of December 31, 2000).
Loan Counter 20, Westwind/Oak Ridge
Interest-Only, Then Amortizing Payments: The Mortgage Loan requires Monthly
Payments of interest only in the amount of $62,739.07 from September 1, 1996
through August 1, 1997. During this period, the Mortgage Rate is 9.9883% per
annum. Commencing on September 1, 1997 and through maturity, Monthly Payments of
principal and interest in the amount of $62,739.07 are required based on a
Mortgage Rate of 8.90% per annum.
Loan Counter 40, 1634 Eye Street
Interest-Only, Then Amortizing Payments: The Mortgage Loan requires Monthly
Payments of interest only in the amount of $42,200.64 from October 1, 1996
through September 1, 1997. During this period, the Mortgage Rate is 9.483% per
annum. Commencing on October 1, 1997 and through maturity, Monthly Payments of
principal and interest in the amount of $42,200.64 are required based on a
Mortgage Rate of 8.80% per annum.
Extension Option: The borrower has the option to extend the loan an additional 5
years, or to December 31, 2005. The extension terms require Monthly Payments of
principal and interest based on a Mortgage Rate equal to 240 basis points over
the bid side yield of the 5-year US Treasury determined as of the close of
business on the last business day immediately preceding the initial maturity
date of December 31, 2000. The payments are to be determined using an initial
amortization period of 309 months. The loan has a prepayment penalty equal to
the greater of 1% or the result of a yield maintenance formula with no open
period during such extension period. The loan has 60-day open window prior to
the initial maturity date of December 31, 2000.
Loan Counter 42, Georgetowne Apartments
Interest-Only, Then Amortizing Payments: The Mortgage Loan requires Monthly
Payments of interest only in the amount of $41,417.24 from February 1, 1996
through January 1, 1997. During this period, the Mortgage Rate is 9.558% per
annum. Commencing on February 1, 1997 and through maturity, Monthly Payments of
principal and interest in the amount of $41,417.24 are required at based on a
Mortgage Rate of 8.37% per annum.
Loan Counter 47, Plaza Del Mar
Interest-Only, Then Amortizing Payments: The Mortgage Loan requires Monthly
Payments of interest only in the amount of $40,455.12 from June 1, 1996 through
May 1, 1997. During this period, the payment interest rate is 10.6825% per
annum. Commencing on June 1, 1997 and through maturity, Monthly Payments of
A-6
<PAGE> 7
principal and interest in the amount of $40,455.12 are required based on a
Mortgage Rate of 8.85% per annum.
Loan Counter 62, Parkway Market Center
Interest-Only, Then Amortizing Payments: The Mortgage Loan requires Monthly
Payments of interest only in the amount of $28,840.56 from October 1, 1996
through March 1, 1997. During this period, the Mortgage Rate is 10.103254% per
annum. Commencing on April 1, 1997 and through maturity, Monthly Payments of
principal and interest in the amount of $28,840.56 are required based on a
Mortgage Rate of 9.04% per annum.
U-Haul Loans
Interest-Only Plus Cash Flow Payments: For the purposes of this Annex A, the
payment amount is based upon a 25-year amortization. The debt service is equal
to monthly payments of interest plus quarterly payments of principal based on
Net Cash Flow. For the first seven years of each Cash-Flow Amortization Loan,
principal payments are due on the last day of each calendar quarter in an amount
equal to 50% of Net Cash Flow from the related Mortgaged Property for such
calendar quarter. For the remaining three loan years, 100% of the Net Cash Flow
is payable on a quarterly calendar basis. (See table below for loan payment
dates.) Based upon principal reductions to date, the principal has been reduced
more rapidly than a 25-year amortization schedule would have designated.
<TABLE>
<CAPTION>
1ST
1ST PRINCIPAL PRINCIPAL
LOAN PROPERTY ORIGINATION 1ST INTEREST DUE DATE END OF START OF DUE DATE LOAN
COUNTER LOCATION DATE DUE DATE (50% NCF) 7 YEARS REMAIN 3 YRS (100% NCF) MATURITY
------- ------------- ----------- ------------ ------------- ---------- -------------- ---------- ----------
<C> <S> <C> <C> <C> <C> <C> <C> <C>
87 Sterling 12/01/93 01/31/94 03/31/94 12/31/2000 01/01/2001 03/31/2001 12/01/2003
97 Richmond 12/01/93 01/31/94 03/31/94 12/31/2000 01/01/2001 03/31/2001 12/01/2003
101 Odenton 09/01/93 10/31/93 12/31/93 09/30/2000 10/01/2000 12/31/2000 09/01/2003
109 Oaklawn Blvd 09/01/94 10/31/94 12/31/94 09/30/2001 10/01/2001 12/31/2001 09/01/2004
111 N Richland 12/01/93 01/31/94 03/31/94 12/31/2000 01/01/2001 03/31/2001 12/01/2003
119 Shreveport 04/01/94 05/31/94 06/30/94 04/30/2001 05/01/2001 6/30/2001 * 04/01/2004
123 Marrero 04/01/94 05/31/94 06/30/94 04/30/2001 05/01/2001 6/30/2001 * 04/01/2004
125 Myrtle Beach 09/01/93 10/31/93 12/31/93 09/30/2000 10/01/2000 12/31/2000 09/01/2003
126 Jefferson 09/01/94 10/31/94 12/31/94 09/30/2001 10/01/2001 12/31/2001 09/01/2004
</TABLE>
- -------------------------
* Principal payment is a blend of 50% and 100% Net Cash Flow because of an
anniversary date in the middle of a calendar quarter.
A-7
<PAGE> 8
ANNEX A
ANNEX A FOOTNOTES
1. The loans are cross collateralized.
2. The Hobbs Plaza loan is cross collateralized with the Broadmoor
Shopping Center loan, but the Broadmoor Shopping Center loan is not
cross collateralized with the Hobbs Plaza loan.
3. The properties are secured by the same mortgage note. The replacement
reserve information detailed for 500 Enterprise Drive represents the
replacement reserve balance for both properties. The loan currently
requires replacement reserve payments equal to 50% of the properties'
cash flow after debt service until the reserve account is fully funded
at $500,000 and tenant improvement/leasing commission reserve payments
of 100% of cash flow after debt service until the reserve account
equals $10/sf on space rolling within the ensuing 24 months (the
reserve will begin funding if at any point in time the total sf of
vacancies and leases rolling in the next 24 months is greater than 15%
of the total square footage of the properties combined.
4. The Current Replacement Reserve balance of $400,000 and the Current
Other Reserves balance of $200,000 are letters of credit assigned to
the lender.
5. The Current Replacement Reserve balance of ($280,000) includes a
$250,000 letter of credit assigned to the lender.
6. The Current Replacement Reserve balance and payment information
represent the balance and payment for both the Replacement Reserve and
the Current Other Reserve (tenant improvement/leasing commission
reserves).
7. The prepayment penalty for years 16-25 is 1%, with a 90 day open period
prior to maturity.
8. The prepayment penalty for years 16-20 is 1% with a 100 day open period
prior to maturity.
9. The prepayment penalty for the 16th loan year is the greater of yield
maintenance or 1% with a 100 day open period prior to maturity.
Prepayment Penalty Definitions
- LO - Lockout
- YM - Treasury-Based Yield Maintenance
- 1%+YM - Treasury-Based Yield Maintenance Plus 1% of Outstanding
Principal Balance
- YM/1%OPB - Greater of Treasury-Based Yield Maintenance or 1% of
Original Principal Balance
- YM/3%OPB - Greater of Treasury-Based Yield Maintenance or 3% of
Original Principal Balance
- YM/1%UPB - Greater of Treasury-Based Yield Maintenance or 1% of
Unpaid Principal Balance
- YM/1%PPB - Greater of Treasury-Based Yield Maintenance or 1% of
Prepaid Principal Balance (Loans may be prepaid in part or in whole)
- YM(LIB) - LIBOR-Based Yield Maintenance of Outstanding
Principal Balance
- YM(LIB+1%) - LIBOR-Based Yield Maintenance Plus 1% of Outstanding
Principal Balance
- YM(LIB+2%) - LIBOR-Based Yield Maintenance Plus 2% of Outstanding
Principal Balance
- YM(LIB+3%) - LIBOR-Based Yield Maintenance Plus 3% of Outstanding
Principal Balance
- YM(LIB+4%) - LIBOR-Based Yield Maintenance Plus 4% of Outstanding
Principal Balance
- YM(LIB+5%) - LIBOR-Based Yield Maintenance Plus 5% of Outstanding
Principal Balance
- <YM/5% UBP - Lesser of Treasury Based Yield Maintenance or 5% of
Unpaid Principal Balance.
- <YM/3% UBP - Lesser of Treasury Based Yield Maintenance or 3% of
Unpaid Principal Balance.
- <YM/1% UBP - Lesser of Treasury Based Yield Maintenance or 1% of
Unpaid Principal Balance.
A-8
<PAGE> 9
MORTGAGE LOAN SCHEDULE
A-9
<PAGE> 10
ANNEX A
<TABLE>
<CAPTION>
LOAN CONTROL
COUNTER NUMBER PROPERTY NAME PROPERTY ADDRESS CITY
- ------- --------- ----------------------------- ----------------------------------------- ---------------------
<C> <S> <C> <C> <C>
Group 1
1 CONT1010 Saddleback Apartments 4722 East Bell Road Phoenix
2 CONT1020 Sierra Creek Apartments 501 W. Central Texas Expwy Kileen
3 CONT1080 Mill Park Apartments 2900 Mc Cann Road Longview
4 CONT1790 Heather Glen Care Center 5910 West Northern Avenue Glendale
5 CONT1150 Misty Ridge Apartments 301 West Hawkins Parkway Longview
6 CONT1320 Plantation House Apartments 2601 Hudnall Street Dallas
7 CONT1930 15-17 Microlab Road 15-17 Microlab Road Livingston
Group 2
8 CONT1720 Sterling Estates 9300 West 79th Street Justice
9 ING56062 500 Enterprise Drive 500 Enterprise Dr. Rocky Hill
10 ING56062 Tech Center 1-91 Tech Ct., 795-865 Brook St Rocky Hill
11 ING57027 Dadeland 7700 North Kendall Dr. Miami
12 CONT1970 Pigeon Forge Factory Outlet 2850 Parkway (US Hwy 441) Pigeon Forge
13 CONT1730 Whippletree Village 525 North McHenry Road Wheeling
14 ING57012 3rd & 4th Battery 3rd & 4th Battery Seattle
15 ING56875 Centra 600 600 Old Country Road Garden City
16 ING56911 Lantana Cascade 6330 S. Congress Ave Lantana
17 ING57094 1001 Connecticut Avenue 1001 Connecticut Avenue, N.W. Washington DC
18 ING56279 Radisson Agoura Hills 30100 Agoura Road Agoura Hill
19 GMAC1010 Berkeley Center 2200-2240 Shattuck Ave. Berkeley
20 ING57026 Westwind/Oak Ridge 2250-2470 West Mason St Green Bay
21 CONT1030 Westwood Villa Apartments 2901 S. Sepulveda Los Angeles
22 CONT1180 Tulip Ave Apartments 66-70 Tulip Ave. Floral Park
23 CONT1360 Merrick Road Apartments 700 Merrick Road Baldwin
24 CONT1370 555 Front Street 555 Front Street Heampstead
25 CONT1620 Broadway Apartments 56 Broadway Freeport
26 CONT1640 Tulip Ave Apartments 62 Tulip Ave Floral Park
27 CONT1710 26 Burr Avenue 26 Burr Avenue Village of Hempstead
28 ING56347 Freeman Medical 323 Prairie Avenue Inglewood
29 ING56874 Gorham Island One Gorham Island Westport
30 CONT1040 The Meadows 14470 East 13 Avenue Aurora
31 CONT1050 Oxford Center 1172-1198 Third Ave Chula Vista
32 CONT1190 30 North Long Beach Ave 30 North Long Beach Ave Freeport
33 CONT1460 48 South Long Beach Road 48 South Long Beach Road Freeport
34 CONT1630 77 Terrace Avenue 77 Terrace Avenue Hempstead
35 CONT1660 Lincoln Blvd. Apartments 21 Lincoln Blvd. Hempstead
36 CONT1670 193 Washington Street 193 Washington Street Hempstead
37 CONT1690 43 Burr Avenue 43 Burr Avenue Hempstead
38 CONT1700 Van Cott Apartments 85 Van Cott Street Hempstead
39 CONT1060 Torpedo Factory Landing PH V 101 N. Union Street Alexandria
40 ING57095 1634 Eye Street 1634 Eye Street Washington DC
41 GMAC1170 Green Wood Apartments 790 Green Wave Road Gallatin
42 ING56510 Georgetowne Apartments 2222 South 142 Court Omaha
43 CONT2010 Otter Run Apartments 1025 Assisi Lane Atlantic Beach
44 CONT1070 Highland Industrial Park One Highland Industrial Park Peekskill
45 CONT2000 The Inn at Jackson Hole 3345 West McCollister Drive Teton Village
46 ING0002 The Dome Building 1045 - 1099 Westwood Blvd. Los Angeles
47 ING56861 Plaza Del Mar 12835 & 12845 Pointe Del Mar Way;
12865 Caminito Pointe Del Mar San Diego
48 GMAC1020 Plaza de Santa Fe 16950-56 Via De Santa Fe Rancho Santa Fe
49 GMAC1030 Block C 6024 Paseo Delicias Rancho Santa Fe
50 CONT2070 San Francisco Loc-N-Stor 466 Townsend Street San Francisco
</TABLE>
A-10
<PAGE> 11
ANNEX A
<TABLE>
<CAPTION>
CUT-OFF CURRENT
PROPERTY ORIGINAL DATE MORTGAGE FIRST
STATE ZIP TYPE BALANCE BALANCE RATE FOOTNOTE PYMT DATE
- ------ ------ -------------------------- ----------- ----------- -------- -------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
AZ 85032 Multifamily $13,410,217 $13,176,907 8.531 11/01/94
TX 76541 Multifamily 7,531,300 7,400,272 8.531 11/01/94
TX 75601 Multifamily 4,725,078 4,642,872 8.531 11/01/94
AZ 85301 Nursing Home 2,850,000 2,840,738 8.875 08/01/96
TX 75605 Multifamily 2,672,562 2,626,065 8.531 11/01/94
TX 75235 Multifamily 1,795,774 1,764,531 8.531 11/01/94
NJ 07039 Industrial/Warehouse 1,030,000 1,023,762 9.000 08/01/96
IL 60458 Mobile Home Park 24,000,000 23,970,819 8.500 10/01/96
CT 06067 Office 12,231,000 12,185,012 8.750 (3) 08/01/95
CT 06067 Office 6,500,250 6,475,609 8.750 (3) 08/01/95
FL 33156 Retail 16,100,000 16,100,000 9.656 09/01/96
TN 37863 Retail 15,400,000 15,387,890 9.750 11/01/96
IL 60090 Mobile Home Park 13,000,000 12,984,642 8.640 10/01/96
WA 98121 Office 12,382,600 12,382,600 9.907 08/01/96
NY 11530 Office 11,876,625 11,876,625 9.825 06/01/96
FL 33462 Mobile Home Park 9,950,000 9,950,000 8.160 01/01/96
DC 20036 Office 9,200,000 9,200,000 10.005 (4) 10/01/96
CA 91301 Lodging 8,585,000 8,585,000 9.850 12/01/96
CA 94704 Office 8,303,870 8,277,341 9.730 (6) 08/01/96
WI 54303 Retail 7,537,500 7,537,500 9.988 09/01/96
CA 90064 Multifamily 7,235,000 7,172,730 8.000 04/01/96
NY 11001 Multifamily 2,467,500 2,450,438 8.000 02/01/96
NY 11510 Multifamily 1,597,500 1,586,454 8.000 02/01/96
NY 11550 Multifamily 1,560,000 1,549,213 8.000 02/01/96
NY 11520 Multifamily 712,500 707,573 8.000 02/01/96
NY 11001 Multifamily 550,000 546,197 8.000 02/01/96
NY 11550 Multifamily 138,750 137,790 8.000 02/01/96
CA 90301 Office 6,554,925 6,554,925 9.020 12/01/95
CT 06880 Office 6,500,000 6,500,000 8.750 06/01/96
CO 80011 Mobile Home Park 6,500,000 6,489,212 8.975 09/01/96
CA 91911 Office 6,140,000 6,130,706 10.000 10/01/96
NY 11520 Multifamily 2,442,300 2,425,412 8.000 02/01/96
NY 11520 Multifamily 1,372,500 1,363,009 8.000 02/01/96
NY 11550 Multifamily 614,600 610,350 8.000 02/01/96
NY 11550 Multifamily 447,750 444,654 8.000 02/01/96
NY 11550 Multifamily 426,750 423,799 8.000 02/01/96
NY 11550 Multifamily 375,000 372,407 8.000 02/01/96
NY 11550 Multifamily 307,380 305,255 8.000 02/01/96
VA 22314 Office 5,600,000 5,558,975 9.000 04/01/96
DC 20006 Office 5,340,000 5,340,000 9.483 (5) 10/01/96
TN 37066 Multifamily 5,322,000 5,271,368 8.860 (6) 08/01/95
NE 68144 Multifamily 5,200,000 5,200,000 9.558 02/01/96
FL 32233 Multifamily 5,200,000 5,192,191 8.875 10/01/96
NY 10566 Self-Storage/Mini-Storage 5,150,000 5,120,951 9.750 05/01/96
WY 83025 Lodging 5,000,000 4,991,997 9.670 10/01/96
CA 90024 Retail 4,700,000 4,697,599 9.320 11/01/96
CA 92014 Office 4,545,000 4,545,000 10.683 06/01/96
CA 92067 Office 3,000,000 2,994,743 9.130 (6) 10/01/96
CA 92068 Office 1,500,000 1,497,372 9.130 (6) 10/01/96
CA 94107 Self-Storage/Mini-Storage 4,400,000 4,392,599 9.375 10/01/96
<CAPTION>
MONTHLY
PAYMENT
-------------
<S><C>
$ 103,408.84
58,075.35
36,436.02
23,683.92
20,608.66
13,847.57
9,267.18
184,539.23
100,556.38
53,441.39
129,544.26
137,235.18
101,251.44
102,223.74
97,239.70
68,559.66
76,702.69
81,995.73
73,882.65
62,739.07
55,840.91
18,105.64
11,721.89
11,446.73
5,228.07
4,035.71
1,018.10
58,976.36
53,439.34
52,183.59
55,794.23
17,920.73
10,070.92
4,509.72
3,285.43
3,131.34
2,751.62
2,255.45
46,995.00
42,200.64
42,287.00
41,417.24
42,348.71
45,893.58
44,277.14
38,904.39
40,455.12
25,433.49
12,721.75
38,061.02
</TABLE>
A-11
<PAGE> 12
ANNEX A
<TABLE>
<CAPTION>
ORIGINAL REMAINING
TERM ORIGINAL TERM
LOAN TO MATURITY AMORT SEASONING TO MATURITY MATURITY BALLOON
COUNTER PROPERTY NAME (MOS.) TERM (MOS.) (MOS.) (MOS.) DATE AMOUNT
- ------- ----------------------------- ----------- ----------- --------- ----------- ---------- ------------
<C> <S> <C> <C> <C> <C> <C> <C>
Group 1
1 Saddleback Apartments 120 360 25 95 10/01/2004 $ 11,881,920
2 Sierra Creek Apartments 120 360 25 95 10/01/2004 6,672,995
3 Mill Park Apartments 120 360 25 95 10/01/2004 4,186,584
4 Heather Glen Care Center 84 300 4 80 07/01/2003 2,555,139
5 Misty Ridge Apartments 120 360 25 95 10/01/2004 2,367,982
6 Plantation House Apartments 120 360 25 95 10/01/2004 1,591,118
7 15-17 Microlab Road 120 240 4 116 07/01/2006 735,319
Group 2
8 Sterling Estates 60 360 2 58 09/01/2001 22,939,714
9 500 Enterprise Drive 84 300 16 68 07/01/2002 11,178,233
10 Tech Center 84 300 16 68 07/01/2002 5,940,424
11 Dadeland 120 360 3 117 08/01/2006 14,664,260
12 Pigeon Forge Factory Outlet 121 300 1 120 11/01/2006 12,954,499
13 Whippletree Village 84 360 2 82 09/01/2003 12,135,108
14 3rd & 4th Battery 72 300 4 68 07/01/2002 11,543,484
15 Centra 600 120 300 6 114 05/01/2006 10,085,713
16 Lantana Cascade 60 336 11 49 11/22/2000 9,915,717
17 1001 Connecticut Avenue 52 300 2 50 12/31/2000 8,825,374
18 Radisson Agoura Hills 60 240 0 60 11/01/2001 7,714,570
19 Berkeley Center 84 300 4 80 07/01/2003 7,532,340
20 Westwind/Oak Ridge 60 300 3 57 08/01/2001 7,154,776
21 Westwood Villa Apartments 120 300 8 112 03/01/2006 5,860,061
22 Tulip Ave Apartments 120 360 10 110 01/01/2006 2,168,259
23 Merrick Road Apartments 120 360 10 110 01/01/2006 1,403,766
24 555 Front Street 120 360 10 110 01/01/2006 1,370,812
25 Broadway Apartments 120 360 10 110 01/01/2006 626,093
26 Tulip Ave Apartments 120 360 10 110 01/01/2006 483,299
27 26 Burr Avenue 120 360 10 110 01/01/2006 121,922
28 Freeman Medical 120 241 12 108 11/01/2005 4,968,895
29 Gorham Island 120 300 6 114 05/01/2006 5,445,155
30 The Meadows 84 360 3 81 08/01/2003 6,091,489
31 Oxford Center 120 300 2 118 09/01/2006 5,204,490
32 30 North Long Beach Ave 120 360 10 110 01/01/2006 2,146,114
33 48 South Long Beach Road 120 360 10 110 01/01/2006 1,206,051
34 77 Terrace Avenue 120 360 10 110 01/01/2006 540,065
35 Lincoln Blvd. Apartments 120 360 10 110 01/01/2006 393,450
36 193 Washington Street 120 360 10 110 01/01/2006 374,996
37 43 Burr Avenue 120 360 10 110 01/01/2006 329,522
38 Van Cott Apartments 120 360 10 110 01/01/2006 270,103
39 Torpedo Factory Landing PH V 120 300 8 112 03/01/2006 4,645,549
40 1634 Eye Street 52 360 2 50 12/31/2000 5,203,294
41 Green Wood Apartments 180 360 16 164 07/01/2010 4,214,836
42 Georgetowne Apartments 120 300 10 110 01/01/2006 4,385,462
43 Otter Run Apartments 84 324 2 82 09/01/2003 4,756,369
44 Highland Industrial Park 120 300 7 113 04/01/2006 4,342,795
45 The Inn at Jackson Hole 120 300 2 118 09/01/2006 4,209,207
46 The Dome Building 120 360 1 119 10/01/2006 4,232,890
47 Plaza Del Mar 60 240 6 54 05/01/2001 4,157,079
48 Plaza de Santa Fe 120 300 2 118 09/01/2006 2,495,997
49 Block C 120 300 2 118 09/01/2006 1,247,998
50 San Francisco Loc-N-Stor 120 300 2 118 09/01/2006 3,680,687
</TABLE>
A-12
<PAGE> 13
ANNEX A
<TABLE>
<CAPTION>
RELATED PREPAYMENT
MORTGAGE FEE/ PENALTY OPEN PREPAY PREPAY PREPAY PREPAY
LOANS LEASEHOLD EXPIRATION PERIOD YEAR 1 YEAR 2 YEAR 3 YEAR 4
- --------- --------------- ---------- ------ --------- -------------- -------------- --------------
<C> <C> <C> <C> <S> <C> <C> <C>
Yes Fee 10/01/99 60 5% 4% 3% 2%
Yes Fee 10/01/99 60 5% 4% 3% 2%
Yes Fee 10/01/99 60 5% 4% 3% 2%
No Fee 01/01/2003 6 LO YM(LIB)+4%PPB YM(LIB)+3%PPB YM(LIB)+2%PPB
Yes Fee 10/01/99 60 5% 4% 3% 2%
Yes Fee 10/01/99 60 5% 4% 3% 2%
Yes Fee 01/01/2006 6 LO LO LO YM(LIB)+5%UPB
Yes Fee 09/01/2000 12 YM YM YM 1%
Yes(1) Fee 01/01/2002 6 YM/1%PPB YM/1%PPB YM/1%PPB YM/1%PPB
Yes(1) Fee 01/01/2002 6 YM/1%PPB YM/1%PPB YM/1%PPB YM/1%PPB
No Fee 08/01/2006 0 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
No Both Fee/Lease 09/01/2006 2 LO LO YM/1%UPB YM/1%UPB
Yes Fee 09/01/2001 24 YM YM YM YM
No Fee 07/01/2002 0 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
No Fee 11/01/2005 6 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
No Fee 11/22/2000 0 YM/1%PPB YM/1%PPB YM/1%PPB YM/1%PPB
Yes Fee 10/31/2000 2 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
Yes Fee 11/01/2001 0 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
No Both Fee/Lease 01/01/2003 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Leasehold 08/01/2001 0 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
No Fee 09/01/2005 6 LO LO LO YM/1%UPB
Yes(1) Fee 07/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 07/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 07/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 07/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 07/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 07/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Leasehold 11/01/2005 0 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
No Fee 02/01/2006 3 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
Yes Fee 08/01/2001 24 YM YM YM YM
No Fee 03/01/2006 6 LO LO LO LO
Yes(1) Fee 07/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 07/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 07/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 07/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 07/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 07/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 07/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Leasehold 09/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes Fee 10/31/2000 2 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
Yes Fee 01/01/2010 6 LO LO LO LO
No Fee 10/01/2005 3 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
Yes Fee 03/01/2003 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 10/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 03/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 10/01/2006 0 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
No Fee 05/01/2001 0 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
Yes(1) Fee 03/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 03/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 09/01/2004 24 LO LO LO 5%
</TABLE>
A-13
<PAGE> 14
ANNEX A
<TABLE>
<CAPTION>
LOAN PREPAY PREPAY PREPAY PREPAY
COUNTER PROPERTY NAME YEAR 5 YEAR 6 YEAR 7 YEAR 8
- ------- ----------------------------- -------------- -------------- -------------- --------------
<C> <S> <C> <C> <C> <C>
Group 1
1 Saddleback Apartments 1% N/A N/A N/A
2 Sierra Creek Apartments 1% N/A N/A N/A
3 Mill Park Apartments 1% N/A N/A N/A
4 Heather Glen Care Center YM(LIB)+1%PPB YM(LIB) YM(LIB) N/A
5 Misty Ridge Apartments 1% N/A N/A N/A
6 Plantation House Apartments 1% N/A N/A N/A
7 15-17 Microlab Road YM(LIB)+4%UPB YM(LIB)+3%UPB YM(LIB)+2%UPB YM(LIB)+1%UPB
Group 2
8 Sterling Estates N/A N/A N/A N/A
9 500 Enterprise Drive YM/1%PPB YM/1%PPB YM/1%PPB N/A
10 Tech Center YM/1%PPB YM/1%PPB YM/1%PPB N/A
11 Dadeland YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
12 Pigeon Forge Factory Outlet YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
13 Whippletree Village 1% N/A N/A N/A
14 3rd & 4th Battery YM/1%OPB YM/1%OPB N/A N/A
15 Centra 600 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
16 Lantana Cascade YM/1%PPB N/A N/A N/A
17 1001 Connecticut Avenue YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
18 Radisson Agoura Hills YM/1%OPB N/A N/A N/A
19 Berkeley Center YM/1%UPB YM/1%UPB YM/1%UPB N/A
20 Westwind/Oak Ridge YM/1%OPB N/A N/A N/A
21 Westwood Villa Apartments YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
22 Tulip Ave Apartments YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
23 Merrick Road Apartments YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
24 555 Front Street YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
25 Broadway Apartments YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
26 Tulip Ave Apartments YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
27 26 Burr Avenue YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
28 Freeman Medical YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
29 Gorham Island YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
30 The Meadows YM N/A N/A N/A
31 Oxford Center YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
32 30 North Long Beach Ave YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
33 48 South Long Beach Road YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
34 77 Terrace Avenue YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
35 Lincoln Blvd. Apartments YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
36 193 Washington Street YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
37 43 Burr Avenue YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
38 Van Cott Apartments YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
39 Torpedo Factory Landing PH V YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
40 1634 Eye Street YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
41 Green Wood Apartments LO LO LO LO
42 Georgetowne Apartments YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
43 Otter Run Apartments YM/1%UPB YM/1%UPB YM/1%UPB N/A
44 Highland Industrial Park YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
45 The Inn at Jackson Hole YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
46 The Dome Building YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
47 Plaza Del Mar YM/1%OPB N/A N/A N/A
48 Plaza de Santa Fe YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
49 Block C YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
50 San Francisco Loc-N-Stor 4% 3% 2% 1%
</TABLE>
A-14
<PAGE> 15
ANNEX A
<TABLE>
<CAPTION>
PREPAY PREPAY PREPAY PREPAY PREPAY PREPAY PREPAY
YEAR 9 YEAR 10 YEAR 11 YEAR 12 YEAR 13 YEAR 14 YEAR 15
- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C>
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM(LIB) YM(LIB) N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM/1%OPB YM/1%OPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM/1%OPB YM/1%OPB N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM/1%OPB YM/1%OPB N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%OPB YM/1%OPB N/A N/A N/A N/A N/A
YM/1%OPB YM/1%OPB N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%OPB YM/1%OPB N/A N/A N/A N/A N/A
LO LO 5% 4% 3% 2% 1%
YM/1%OPB YM/1%OPB N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%OPB YM/1%OPB N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
</TABLE>
A-15
<PAGE> 16
ANNEX A
<TABLE>
<CAPTION>
PREPAY LTV YEAR
LOAN YEAR APPRAISAL APPRAISED AT BUILT/
COUNTER PROPERTY NAME 16-25 DATE VALUE LTV BALLOON RENOVATED
- ------- ----------------------------- --------- --------- ----------- --- ------- ----------
<C> <S> <C> <C> <C> <C> <C> <C>
Group 1
1 Saddleback Apartments N/A 02/13/94 $22,800,000 58 52 1985
2 Sierra Creek Apartments N/A 01/26/94 11,400,000 65 59 1983
3 Mill Park Apartments N/A 01/26/94 7,330,000 63 57 1975
4 Heather Glen Care Center N/A 05/09/96 3,800,000 75 67 1951
5 Misty Ridge Apartments N/A 01/26/94 3,910,000 67 61 1981
6 Plantation House Apartments N/A 02/26/94 2,500,000 71 64 1961/1992
7 15-17 Microlab Road N/A 11/01/95 1,500,000 68 49 1971
Group 2
8 Sterling Estates N/A 07/01/96 35,300,000 68 65 1962/1993
9 500 Enterprise Drive N/A 06/01/95 18,000,000 68 62 1989
10 Tech Center N/A 06/01/95 8,200,000 79 72 1984
11 Dadeland N/A 05/01/96 24,200,000 67 61 1983
12 Pigeon Forge Factory Outlet N/A 10/11/95 25,900,000 59 50 1977/1994
13 Whippletree Village N/A 07/01/96 18,700,000 69 65 1971
14 3rd & 4th Battery N/A 04/09/96 21,650,000 57 53 1946
15 Centra 600 N/A 02/08/96 17,500,000 68 58 1958/1995
16 Lantana Cascade N/A 09/01/95 13,200,000 75 75 1970
17 1001 Connecticut Avenue N/A 04/09/96 13,500,000 68 65 1953
18 Radisson Agoura Hills N/A 10/ /96 13,000,000 66 59 1987
19 Berkeley Center N/A 04/18/96 12,200,000 68 62 1910/1990
20 Westwind/Oak Ridge N/A 12/15/96 10,500,000 72 68 1990
21 Westwood Villa Apartments N/A 07/01/95 9,650,000 74 61 1973
22 Tulip Ave Apartments N/A 11/01/95 3,290,000 74 66 1938
23 Merrick Road Apartments N/A 11/01/95 2,130,000 74 66 1941
24 555 Front Street N/A 11/01/95 2,140,000 72 64 1958
25 Broadway Apartments N/A 11/01/95 950,000 74 66 1931
26 Tulip Ave Apartments N/A 11/01/95 786,000 69 61 1956
27 26 Burr Avenue N/A 11/01/95 185,000 74 66 1930
28 Freeman Medical N/A 08/10/95 9,500,000 69 52 1972
29 Gorham Island N/A 12/01/95 9,100,000 71 60 1987
30 The Meadows N/A 05/01/96 9,100,000 71 67 1964/1995
31 Oxford Center N/A 02/26/96 9,000,000 68 58 1973/1994
32 30 North Long Beach Ave N/A 11/01/95 3,380,000 72 63 1957
33 48 South Long Beach Road N/A 11/01/95 1,830,000 74 66 1938
34 77 Terrace Avenue N/A 11/01/95 930,000 66 58 1973
35 Lincoln Blvd. Apartments N/A 11/01/95 597,000 74 66 1920
36 193 Washington Street N/A 11/01/95 569,000 74 66 1965
37 43 Burr Avenue N/A 11/01/95 500,000 74 66 1963
38 Van Cott Apartments N/A 11/01/95 440,000 69 61 1928
39 Torpedo Factory Landing PH V N/A 01/01/96 8,100,000 69 57 1942/1989
40 1634 Eye Street N/A 04/09/96 7,600,000 70 68 1962
41 Green Wood Apartments N/A 03/02/95 7,600,000 69 55 1994
42 Georgetowne Apartments N/A 10/04/94 7,970,000 65 55 1975
43 Otter Run Apartments N/A 01/16/96 7,100,000 73 67 1989
44 Highland Industrial Park N/A 11/15/95 6,800,000 75 64 1980
45 The Inn at Jackson Hole N/A 03/15/96 7,700,000 65 55 1968/1991
46 The Dome Building N/A 09/01/96 7,100,000 66 60 1930/1978
47 Plaza Del Mar N/A 04/01/96 7,000,000 65 59 1992
48 Plaza de Santa Fe N/A 05/27/96 4,600,000 65 54 1974
49 Block C N/A 05/27/96 2,450,000 61 51 1924
50 San Francisco Loc-N-Stor N/A 06/28/96 6,560,000 67 56 1921/1978
</TABLE>
A-16
<PAGE> 17
ANNEX A
<TABLE>
<CAPTION>
LOAN BALANCE OCCUPANCY
TOTAL PROPERTY PER UNIT OCCUPANCY AS OF LOAN
UNITS SIZE(SF) SF/UNIT TYPE % DATE TYPE
- ----- -------- ------------ ------ --------- --------- ----------
<S> <C> <C> <C> <C> <C> <C>
582 316,872 $ 22,640 Units 91 06/01/96 Adjustable
344 232,768 21,512 Units 97 06/26/96 Adjustable
344 287,512 13,496 Units 91 06/01/96 Adjustable
133 26,857 21,359 Beds 89 06/30/96 Adjustable
176 110,528 14,920 Units 98 06/01/96 Adjustable
124 109,078 14,230 Units 98 06/26/96 Adjustable
34,589 30 SqFt 91 08/01/96 Adjustable
807 29,704 Pads 93 08/20/96 Fixed
252,943 48 SqFt 100 07/01/96 Fixed
114,605 57 SqFt 98 07/01/96 Fixed
214,629 75 SqFt 97 06/14/96 Fixed
197,044 78 SqFt 92 08/30/96 Fixed
407 31,903 Pads 97 07/01/96 Fixed
209,521 59 SqFt 96 10/01/96 Fixed
178,591 67 SqFt 90 04/01/96 Fixed
461 21,584 Pads 97 09/20/96 Fixed
139,267 66 SqFt 94 09/24/96 Fixed
281 30,552 Rooms N/A N/A Fixed
83,859 99 SqFt 94 06/06/96 Fixed
316,258 24 SqFt 100 07/02/96 Fixed
204 89,789 35,160 Units 98 04/01/96 Fixed
64 51,538 38,288 Units 96 04/01/96 Fixed
46 44,160 34,488 Units 100 04/01/96 Fixed
53 43,128 29,230 Units 98 04/01/96 Fixed
27 21,840 26,206 Units 100 04/01/96 Fixed
18 15,412 30,344 Units 100 04/01/96 Fixed
6 4,410 22,965 Units 100 04/01/96 Fixed
79,025 83 SqFt 75 06/01/96 Fixed
40,896 159 SqFt 100 05/01/96 Fixed
303 21,417 Pads 98 06/01/96 Fixed
91,577 67 SqFt 88 06/13/96 Fixed
69 64,446 35,151 Units 100 04/01/96 Fixed
39 36,000 34,949 Units 100 04/01/96 Fixed
32 16,128 19,073 Units 91 04/01/96 Fixed
15 10,650 29,644 Units 100 04/01/96 Fixed
14 11,012 30,271 Units 100 04/01/96 Fixed
14 11,756 26,600 Units 100 04/01/96 Fixed
12 9,675 25,438 Units 100 04/01/96 Fixed
34,017 163 SqFt 93 05/01/96 Fixed
65,654 81 SqFt 89 03/19/96 Fixed
164 196,200 32,142 Units 93 08/23/96 Fixed
288 18,056 Units 98 02/29/96 Fixed
192 165,648 27,043 Units 95 08/01/96 Fixed
841 105,875 48 SqFt 75 07/01/96 Fixed
83 48,000 60,145 Rooms N/A N/A Fixed
27,199 173 SqFt 100 08/01/96 Fixed
42,300 107 SqFt 91 06/01/95 Fixed
25,544 117 SqFt 100 08/23/96 Fixed
9,345 160 SqFt 100 08/01/96 Fixed
1083 72,025 61 SqFt 85 08/16/96 Fixed
<CAPTION>
LARGEST TENANT
- -----------------------------------------
<C><S>
New Jersey Ballet Company
SNET
CT Dept of Econ Dev
Circuit City
Pfaltzgraff
Cellular Tech
Lew Lieberman
Storch & Brenner
Shattuck 8 Cinema
Wal-Mart
Praire Med Group
Michael Allen
MAAC Project
Off-Eurocentres
The Beacon Foundation
American Heritage/Mayflower
Glendale Federal
Davidson Cosan Partners
Stump's Village
Cyber Cafe
</TABLE>
A-17
<PAGE> 18
ANNEX A
<TABLE>
<CAPTION>
LARGEST LARGEST LARGEST
LOAN TENANT TENANT TENANT SECOND LARGEST
COUNTER PROPERTY NAME LEASED SF % OF TOTAL SF LEASE EXPIRATION TENANT
- ------- ----------------------------- ---------- ------------- ---------------- --------------------------------
<C> <S> <C> <C> <C> <C>
Group 1
1 Saddleback Apartments
2 Sierra Creek Apartments
3 Mill Park Apartments
4 Heather Glen Care Center
5 Misty Ridge Apartments
6 Plantation House Apartments
7 15-17 Microlab Road 13,464 39 05/31/2005 Universal Rehabilitation
Group 2
8 Sterling Estates
9 500 Enterprise Drive 100,653 40 10/01/2000 Digital
10 Tech Center 40,000 35 05/01/99 Met Insurance
11 Dadeland 54,309 25 02/01/2014 Barnes & Noble
12 Pigeon Forge Factory Outlet 12,317 6 02/01/2001 Oshkosh B'Gosh
13 Whippletree Village
14 3rd & 4th Battery 47,195 23 09/01/2000 Crowley Maritime
15 Centra 600 16,799 9 07/01/2002 Skyline Mgmt
16 Lantana Cascade
17 1001 Connecticut Avenue 8,673 6 01/01/97 Institute for Education Leader
18 Radisson Agoura Hills
19 Berkeley Center 18,094 22 05/24/98 Lawrence Berkely
20 Westwind/Oak Ridge 110,580 35 01/01/2010 Sam's Club
21 Westwood Villa Apartments
22 Tulip Ave Apartments
23 Merrick Road Apartments
24 555 Front Street
25 Broadway Apartments
26 Tulip Ave Apartments
27 26 Burr Avenue
28 Freeman Medical 11,384 14 03/01/97 DFH
29 Gorham Island 10,060 25 05/01/2000 Ceruzzi Properties
30 The Meadows
31 Oxford Center 10,863 12 01/31/99 Jimmy's Restaurant
32 30 North Long Beach Ave
33 48 South Long Beach Road
34 77 Terrace Avenue
35 Lincoln Blvd. Apartments
36 193 Washington Street
37 43 Burr Avenue
38 Van Cott Apartments
39 Torpedo Factory Landing PH V 11,468 34 05/31/99 Wheat First
40 1634 Eye Street 7,222 11 05/01/2003 Help Unlimited Temps
41 Green Wood Apartments
42 Georgetowne Apartments
43 Otter Run Apartments
44 Highland Industrial Park 16,200 15 08/31/98 Power Auth.-State of NY
45 The Inn at Jackson Hole
46 The Dome Building 5,400 20 09/01/98 Wherehouse
47 Plaza Del Mar 14,452 34 03/01/2002 Auto Club
48 Plaza de Santa Fe 9,600 38 11/30/99 U.S. Postal Service
49 Block C 1,400 15 01/31/2001 W.M. Allen
50 San Francisco Loc-N-Stor
</TABLE>
A-18
<PAGE> 19
ANNEX A
<TABLE>
<CAPTION>
SECOND LARGEST SECOND LARGEST SECOND LARGEST MOST MOST
TENANT TENANT TENANT RECENT RECENT NOI
LEASED SF % OF TOTAL SF LEASE EXPIRATION 1994 NOI 1995 NOI NOI END DATE
- -------------- -------------- ---------------- --------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
$ 2,049,795 $2,065,485 06/30/96
1,266,587 1,195,285 06/30/96
719,495 747,704 06/30/96
$ 139,076 493,912 600,140 06/30/96
385,231 407,913 06/30/96
251,289 286,536 06/30/96
11,090 32 06/30/2005 89,601 118,189 07/31/96
2,590,456 2,651,897 2,617,166 03/31/96
44,030 17 09/01/99 564,585 748,293 748,293 12/31/95
31,175 27 06/01/2000 1,245,915 1,110,030 1,110,030 12/31/95
18,025 8 10/01/2002 1,838,734 2,357,126 2,357,126 12/31/95
9,909 5 03/21/2001 2,323,146 3,012,996 2,994,664 08/30/96
1,355,821 1,491,762 1,449,762 04/30/96
31,892 15 06/01/2001 1,629,005 1,564,531 1,564,531 12/31/95
11,068 6 12/01/2005 1,162,108 1,579,414 1,579,414 12/31/95
1,100,437 954,284 954,284 12/31/95
8,287 6 01/01/2000 1,678,577 1,889,963 1,889,963 12/31/95
1,919,278 2,168,472 2,168,472 5/31/95
14,378 17 02/16/99 1,087,186 1,278,558 1,278,558 12/31/95
109,398 35 01/01/2015 953,816 1,017,918 1,017,918 12/31/95
990,815 1,036,400 1,054,337 03/31/96
304,460 303,649 03/31/96
230,995 199,568 183,944 03/31/96
184,931 167,132 172,888 03/31/96
88,362 62,538 65,844 03/31/96
82,846 83,677 81,814 03/31/96
16,455 15,530 16,208 03/31/96
7,976 10 09/01/96 785,498 888,419 888,419 12/31/95
8,724 21 08/01/98 1,012,168 1,053,342 1,053,342 12/31/95
826,175 826,175 12/31/95
7,890 9 12/31/99 999,454 978,519 978,519 12/31/95
290,002 331,633 03/31/96
155,001 161,392 176,193 03/31/96
75,596 61,881 34,143 03/31/96
55,471 35,919 47,780 03/31/96
54,537 46,486 46,264 03/31/96
47,859 45,124 53,597 03/31/96
35,017 29,796 39,000 03/31/96
6,034 18 11/01/2002 826,492 685,966 693,120 05/31/96
5,248 8 12/01/96 961,659 803,102 803,102 12/31/95
660,876 660,876 08/31/95
774,919 743,317 743,317 12/31/95
564,578 633,740 674,190 06/30/96
10,000 9 12/31/2000 770,120 671,693 691,122 12/31/95
992,009 930,063 884,080 03/31/96
4,555 17 04/01/2010 1,346,386 669,097 669,097 12/31/95
8,000 19 01/01/2002 601,236 573,245 573,245 12/31/95
5,400 21 11/30/2004 361,255 467,930 467,930 12/31/95
1,400 15 05/31/99 253,941 255,287 255,287 12/31/95
619,305 616,806 616,936 12/31/95
</TABLE>
A-19
<PAGE> 20
ANNEX A
<TABLE>
<CAPTION>
MOST RECENT
LOAN STATEMENT UNDERWRITING UNDERWRITING UNDERWRITING
COUNTER PROPERTY NAME TYPE NOI CASH FLOW DSC(X)
- ------- ----------------------------- -------------------- ------------ ------------ ------------
<C> <S> <C> <C> <C> <C>
Group 1
1 Saddleback Apartments Trailing 12 $ 2,057,075 $ 1,969,775 1.66
2 Sierra Creek Apartments Trailing 12 1,114,636 1,063,036 1.60
3 Mill Park Apartments Trailing 12 740,999 684,239 1.69
4 Heather Glen Care Center Trailing 12 646,371 608,771 2.27
5 Misty Ridge Apartments Trailing 12 384,491 353,515 1.55
6 Plantation House Apartments Trailing 12 241,032 216,232 1.45
7 15-17 Microlab Road Annualized 7 months 165,711 135,898 1.49
Group 2
8 Sterling Estates Trailing 12 2,642,743 2,622,593 1.19
9 500 Enterprise Drive Annual 1995 1,731,587 1,693,646 1.44
10 Tech Center Annual 1995 1,062,568 892,953 1.66
11 Dadeland Annual 1995 2,401,768 2,172,118 1.55
12 Pigeon Forge Factory Outlet Trailing 12 2,797,968 2,597,307 1.70
13 Whippletree Village Trailing 12 1,495,690 1,485,515 1.23
14 3rd & 4th Battery Annual 1995 1,949,111 1,635,496 1.59
15 Centra 600 Annual 1995 1,924,608 1,638,862 1.65
16 Lantana Cascade Annual 1995 1,188,894 1,165,844 1.45
17 1001 Connecticut Avenue Annual 1995 1,602,668 1,379,840 1.74
18 Radisson Agoura Hills Rolling 1,764,530 1,460,617 1.79
19 Berkeley Center Annual 1995 1,151,605 1,019,149 1.30
20 Westwind/Oak Ridge Annual 1995 964,414 917,910 1.28
21 Westwood Villa Apartments Trailing 12 1,012,205 966,305 1.51
22 Tulip Ave Apartments Trailing 12 307,957 295,157 1.42
23 Merrick Road Apartments Trailing 12 184,813 173,313 1.31
24 555 Front Street Trailing 12 172,167 158,917 1.25
25 Broadway Apartments Trailing 12 86,208 80,592 1.37
26 Tulip Ave Apartments Trailing 12 74,345 69,845 1.54
27 26 Burr Avenue Trailing 12 13,390 11,890 1.10
28 Freeman Medical Annual 1995 1,141,776 949,451 1.61
29 Gorham Island Annual 1995 1,067,105 910,426 1.66
30 The Meadows Annual 1995 823,401 815,826 1.31
31 Oxford Center Annual 1995 934,986 872,092 1.40
32 30 North Long Beach Ave Trailing 12 286,968 269,718 1.33
33 48 South Long Beach Road Trailing 12 162,748 152,998 1.35
34 77 Terrace Avenue Trailing 12 78,246 70,246 1.45
35 Lincoln Blvd. Apartments Trailing 12 43,410 39,660 1.10
36 193 Washington Street Trailing 12 44,779 41,279 1.19
37 43 Burr Avenue Trailing 12 43,057 39,557 1.30
38 Van Cott Apartments Trailing 12 33,651 30,651 1.24
39 Torpedo Factory Landing PH V Trailing 12 687,896 639,111 1.22
40 1634 Eye Street Annual 1995 881,239 779,475 1.74
41 Green Wood Apartments Annualized 8 months 668,043 643,443 1.32
42 Georgetowne Apartments Annual 1995 752,166 651,366 1.51
43 Otter Run Apartments Annualized 6 months 693,354 650,154 1.36
44 Highland Industrial Park Trailing 12 695,870 680,748 1.26
45 The Inn at Jackson Hole Trailing 12 750,164 721,233 1.41
46 The Dome Building Annual 1995 577,243 545,964 1.24
47 Plaza Del Mar Annual 1995 726,714 661,149 1.50
48 Plaza de Santa Fe Annual 1995 512,031 484,289 1.68
49 Block C Annual 1995 248,159 237,084 1.63
50 San Francisco Loc-N-Stor Trailing 12 587,177 579,974 1.29
</TABLE>
A-20
<PAGE> 21
ANNEX A
<TABLE>
<CAPTION>
CURRENT CURRENT
UNDERWRITING REPLACEMENT ANNUALIZED OTHER
COMBINED DSC RESERVES REP RESERVE PAYMENT/UNIT OR SF RESERVES
- ------------ ----------- ------------------------------ --------
<S> <C> <C> <C>
$ 197,777 $ 150.00
87,136 150.00
89,966 165.00
3,325 150.00
67,843 180.00
7,088 195.00
2,306 0.10
1.51 319,500
1.51
0.15
$450,060
30,416 42,810
400,000 200,000
26,807 0.43
13,667
249,148 470.00
1.36 7,125 166.13
1.36 5,461 177.13
1.36 6,715 189.06
1.36 3,764 208.00
1.36 2,815 233.33
1.36 933 232.00
0.25
1.31 8,283 179.13
1.31 5,831 223.08
1.31 5,067 236.25
1.31 2,525 251.20
1.31 1,737 185.14
1.31 1,986 211.71
1.31 2,043 254.00
5,065 0.30 42,986
280,000 100,000
30,771 150.00
350,327
16,881 175.84
5,968 0.15
25,500 1,843.37
1.66 31,092 0.21
1.66 13,897 0.21
</TABLE>
A-21
<PAGE> 22
ANNEX A
<TABLE>
<CAPTION>
LOAN CONTROL
COUNTER NUMBER PROPERTY NAME PROPERTY ADDRESS CITY
- ------- --------- ------------------------------- ----------------------------------------- ---------------------
<C> <S> <C> <C> <C>
51 GMAC1110 Copper Ridge Apartments 2080 Lobdell Avenue Baton Rouge
52 ING55872 Pacific Court 1411-13 5th Street Santa Monica
53 ING0003 Woodlands of Kennesaw 2880 N. Cobb Parkway Kennesaw
54 GMAC1190 Alexandria Gardens 652 W. Montgomery Street Allentown
55 GMAC1070 Glynn Place Apartments 820 Scranton Road Brunswick
56 CONT2020 Mallard Cove Apartments 2900 State Road A1A Atlantic Beach
57 GMAC1060 Springwood Apartments 2660 Old Bainbridge Road Tallahassee
58 ING56616 Lemme Building 76-82 River Street Hoboken
59 Aggregate Loan Level Info.
59A CONT1940 Life Center of Galax 112 Painter Street Galax
59B CONT1890 Life Center of Wilmington 2520 Troy Drive Wilmington
59C CONT1920 Keystone Treatment Center 1010 E. Second Street Canton
60 ING55989 The Grand 1717 North Bayshore Drive Miami
61 ING55638 College Plaza 2400 Cerillos Santa Fe
62 ING57093 Parkway Market Center 6075 Parkway Drive Commerce City
63 CONT1100 Safeguard Self Storage 3301 North Causeway Blvd. Metairie
64 CONT1110 Villages at McClintock Apts. 1701 East Don Carlos Avenue Tempe
65 ING56668 Holiday Inn Grand Rapids 225 28th Street, S.W. Grand Rapids
66 GMAC1080 Pine Hill Apartments 600 South Pine Hill Road Griffin
67 GMAC1140 533 W. 21st Street Building 533 W. 21st Street New York
68 CONT1120 Filipello Self Storage 43 Page Street San Francisco
69 CONT1130 Shirlington Self Storage 2710 S. Nelson Street Arlington
70 GMAC1150 Birch Brook Manor Apartments 81-89 South Highland Avenue Ossining
71 ING55648 Broadmoor Shopping Center 1401 North Turner Street Hobbs
72 ING55649 Hobbs Plaza 2400 North Grimes St Hobbs
73 CONT1160 Claridge Court Apartments 400 South Dupont Parkway New Castle
74 GMAC1050 Carriage Hill Apartments 8901 Huron Street Thornton
75 CONT2030 Sunset Square Shopping Center 1897 Highland Avenue Clearwater
76 CONT1220 Sterling House Assisted Living 751 N. Somerset Terrace Olathe
77 GMAC1100 Jill Sanders Boutique 48 East Oak Street Chicago
78 CONT1240 Morena Self Storage 908 Sherman Street San Diego
79 CONT1250 Champions Business Park 13335 Veterans Memorial Houston
80 CONT2050 Valley View Health Care Center 2120 North 10th Street Canon City
81 CONT2060 Holly Nursing Care Center 320 North 8th Street Holly
82 GMAC1040 Pinetree Village Apartments 7500 North Broadway Denver
83 CONT1260 Budget Mini Storage 6512 14th Street West Bradenton
84 CONT1270 All American Self Storage 1500 Marshall Avenue St. Paul
85 CONT1830 Colwick Tower Office Building 4401 Colwick Road Charlotte
86 CONT1280 Mr. Stor-All 316 West Lathrop Road Manteca
87 ING56937 Abington Grove 500 N. Quincy St. Abington
88 GMAC1090 Glenwood Center 5117-5181 Glenwood Street Garden City
89 CONT1290 Secure It Self Storage 37 River Street Waltham
90 CONT1300 Farrington Manor Apartments 1601 Darr Street Irving
91 CONT1850 Heritage Convalescent Center 1009 Clyde Street Amarillo
92 CONT1310 Security Public Storage 2975 Pinole Valley Road Pinole
93 CONT1860 Poway Garden Self Storage 14260 Garden Road Poway
94 CONT1880 Harrison Self Storage 2323 2nd Street Davis
95 CONT1330 LaSombra Apartments 1400 East Crosby Road Carrollton
96 CONT1340 Cypress Commerce 1700 and 1770 NW 64th Street Fort Lauderdale
97 CONT1350 Louetta Mini Storage 6911 Louette Road Spring
</TABLE>
A-22
<PAGE> 23
ANNEX A
<TABLE>
<CAPTION>
CUT-OFF CURRENT
PROPERTY ORIGINAL DATE MORTGAGE FIRST MONTHLY
STATE ZIP TYPE BALANCE BALANCE RATE FOOTNOTE PYMT DATE PAYMENT
- ------ ------ -------------------------- ----------- ----------- -------- -------- --------- ----------
<C> <C> <S> <C> <C> <C> <C> <C> <C>
LA 70806 Multifamily 4,400,000 4,371,318 7.750 (6) 03/01/96 $31,522.14
CA 90401 Office 4,242,000 4,225,636 9.960 07/01/95 38,427.54
GA 30152 Mobile Home Park 4,215,000 4,204,910 9.470 08/01/96 35,745.60
PA 18103 Multifamily 4,200,000 4,151,724 8.250 (6) 01/01/96 33,114.91
GA 31525 Multifamily 4,140,000 4,117,969 8.160 (6) 04/01/96 30,841.00
FL 32233 Multifamily 4,000,000 3,993,992 8.875 10/01/96 32,575.93
FL 32310 Multifamily 3,990,000 3,968,806 8.170 (6) 04/01/96 29,752.00
NJ 07030 Office 4,000,000 3,967,749 8.410 04/01/96 31,966.84
Nursing Home 3,800,000 3,766,882 11.250 08/01/96 43,789.09
VA 24333 Nursing Home
NC 28403 Nursing Home
SD 57013 Nursing Home
FL 33132 Retail 3,700,000 3,615,529 9.860 08/01/95 35,363.28
NM 87505 Retail 3,500,000 3,468,114 10.750 02/01/95 32,671.85
CO 80022 Retail 3,425,500 3,425,500 10.103 10/01/96 28,840.56
LA 70002 Self-Storage/Mini-Storage 3,300,000 3,292,789 10.250 09/01/96 30,570.65
AZ 85281 Multifamily 3,300,000 3,271,473 10.500 04/01/95 30,186.40
MI 49548 Lodging 3,264,000 3,254,885 9.560 04/01/96 30,552.76
GA 30223 Multifamily 3,270,000 3,252,838 8.230 (6) 04/01/96 24,521.00
NY 10011 Self-Storage/Mini-Storage 3,250,000 3,223,114 9.000 (6) 03/01/96 27,273.88
CA 94102 Self-Storage/Mini-Storage 3,000,000 2,985,312 9.650 06/01/96 26,524.39
VA 22206 Self-Storage/Mini-Storage 2,875,000 2,853,503 8.875 04/01/96 23,881.28
NY 10562 Multifamily 2,850,000 2,841,945 9.250 (6) 08/01/96 23,959.35
NM 88240 Retail 2,100,000 2,080,869 10.750 (2) 02/01/95 19,603.11
NM 88240 Retail 600,000 549,534 10.750 (2) 02/01/95 5,600.89
DE 19720 Multifamily 2,540,000 2,515,311 8.000 03/01/96 19,604.13
CO 80221 Multifamily 2,320,000 2,301,934 8.625 (6),(7) 04/01/96 18,877.10
FL 34621 Retail 2,300,000 2,295,881 9.000 10/01/96 19,301.52
KS 66062 Nursing Home 2,300,000 2,289,155 9.875 06/01/96 20,697.79
IL 60611 Retail 2,200,000 2,194,376 9.320 (6) 09/01/96 18,946.78
CA 92110 Self-Storage/Mini-Storage 2,200,000 2,193,284 10.000 08/01/96 19,991.42
TX 77014 Self-Storage/Mini-Storage 2,200,000 2,187,329 9.625 05/01/96 19,412.83
CO 81212 Nursing Home 1,200,000 1,196,877 10.125 10/01/96 11,679.82
CO 81047 Nursing Home 937,500 935,060 10.125 10/01/96 9,124.86
CO 80221 Multifamily 2,130,000 2,115,539 8.625 (6) 05/01/96 17,331.13
FL 34207 Self-Storage/Mini-Storage 2,100,000 2,089,236 9.375 06/01/96 18,165.49
MN 55104 Self-Storage/Mini-Storage 2,050,000 2,040,334 9.875 06/01/96 18,448.03
NC 28211 Office 2,000,000 1,995,536 10.125 09/01/96 18,350.55
CA 95336 Self-Storage/Mini-Storage 2,000,000 1,990,166 9.625 06/01/96 17,648.03
MA 02351 Multifamily 2,023,400 1,983,391 10.050 12/01/94 18,458.02
ID 83714 Retail 1,950,000 1,935,095 9.490 (6) 09/01/96 20,350.62
MA 02154 Self-Storage/Mini-Storage 1,850,000 1,834,381 8.875 03/01/96 15,367.08
TX 75061 Multifamily 1,810,000 1,798,908 9.250 05/01/96 15,500.51
TX 79106 Nursing Home 1,800,000 1,794,505 10.000 08/01/96 16,356.61
CA 94564 Self-Storage/Mini-Storage 1,800,000 1,786,541 8.875 04/01/96 14,951.76
CA 92064 Self-Storage/Mini-Storage 1,750,000 1,745,750 9.625 09/01/96 15,442.03
CA 95616 Self-Storage/Mini-Storage 1,700,000 1,694,920 10.125 08/01/96 15,597.97
TX 75006 Multifamily 1,700,000 1,694,236 9.375 08/01/96 14,705.40
FL 33316 Office 1,700,000 1,684,748 8.500 03/01/96 13,688.86
TX 77379 Self-Storage/Mini-Storage 1,675,000 1,662,729 9.000 04/01/96 14,056.54
</TABLE>
A-23
<PAGE> 24
ANNEX A
<TABLE>
<CAPTION>
ORIGINAL REMAINING
TERM ORIGINAL TERM
LOAN TO MATURITY AMORT TERM SEASONING TO MATURITY MATURITY BALLOON
COUNTER PROPERTY NAME (MOS.) (MOS.) (MOS.) (MOS.) DATE AMOUNT
- ------- ----------------------------- ----------- ---------- --------- ----------- ---------- ----------
<C> <S> <C> <C> <C> <C> <C> <C>
51 Copper Ridge Apartments 120 360 9 111 02/01/2006 $3,846,402
52 Pacific Court 60 300 17 43 06/01/2000 4,057,880
53 Woodlands of Kennesaw 60 339 4 56 06/05/2001 4,033,250
54 Alexandria Gardens 120 300 11 109 12/01/2005 3,422,995
55 Glynn Place Apartments 180 360 8 172 03/01/2011 3,205,244
56 Mallard Cove Apartments 84 324 2 82 09/01/2003 3,658,744
57 Springwood Apartments 180 360 8 172 03/01/2011 3,089,994
58 Lemme Building 84 300 8 76 03/01/2003 3,559,165
59 Aggregate Loan Level Info. 180 180 4 176 07/01/2011
59A Life Center of Galax
59B Life Center of Wilmington
59C Keystone Treatment Center
60 The Grand 120 240 16 104 07/01/2005 2,704,886
61 College Plaza 60 360 22 38 01/01/2000 3,398,145
62 Parkway Market Center 60 300 2 58 09/01/2001 3,228,686
63 Safeguard Self Storage 120 300 3 117 08/01/2006 2,811,329
64 Villages at McClintock Apts. 84 360 20 64 03/01/2002 3,141,014
65 Holiday Inn Grand Rapids 84 240 8 76 03/01/2003 2,783,033
66 Pine Hill Apartments 180 360 8 172 03/01/2011 2,537,476
67 533 W. 21st Street Building 120 300 9 111 02/01/2006 2,696,079
68 Filipello Self Storage 120 300 6 114 05/01/2006 2,524,454
69 Shirlington Self Storage 121 300 8 113 04/01/2006 2,371,893
70 Birch Brook Manor Apartments 120 324 4 116 07/01/2006 2,464,263
71 Broadmoor Shopping Center 60 360 22 38 01/01/2000 2,038,887
72 Hobbs Plaza 60 360 22 38 01/01/2000 519,946
73 Claridge Court Apartments 119 300 9 110 01/01/2006 2,063,126
74 Carriage Hill Apartments 300 300 8 292 03/01/2021
75 Sunset Square Shopping Center 120 300 2 118 09/01/2006 1,907,992
76 Sterling House Assisted Living 120 300 6 114 05/01/2006 1,944,562
77 Jill Sanders Boutique 84 300 3 81 08/01/2003 1,984,319
78 Morena Self Storage 96 300 4 92 07/01/2004 1,961,266
79 Champions Business Park 120 300 7 113 04/01/2006 1,850,284
80 Valley View Health Care Center 120 240 2 118 09/01/2006 883,438
81 Holly Nursing Care Center 120 240 2 118 09/01/2006 690,186
82 Pinetree Village Apartments 120 300 7 113 04/01/2006 1,751,689
83 Budget Mini Storage 84 300 6 78 05/01/2003 1,895,593
84 All American Self Storage 120 300 6 114 05/01/2006 1,733,196
85 Colwick Tower Office Building 120 300 3 117 08/01/2006 1,699,578
86 Mr. Stor-All 120 300 6 114 05/01/2006 1,682,075
87 Abington Grove 84 300 24 60 11/01/2001 1,843,188
88 Glenwood Center 180 180 3 177 08/01/2011
89 Secure It Self Storage 85 300 9 76 03/01/2003 1,654,773
90 Farrington Manor Apartments 120 300 7 113 04/01/2006 1,509,948
91 Heritage Convalescent Center 120 300 4 116 07/01/2006 1,525,747
92 Security Public Storage 120 300 8 112 03/01/2006 1,488,950
93 Poway Garden Self Storage 120 300 3 117 08/01/2006 1,471,817
94 Harrison Self Storage 120 300 4 116 07/01/2006 1,444,642
95 LaSombra Apartments 84 300 4 80 07/01/2003 1,534,527
96 Cypress Commerce 119 300 9 110 01/01/2006 1,397,703
97 Louetta Mini Storage 120 300 8 112 03/01/2006 1,389,516
</TABLE>
A-24
<PAGE> 25
ANNEX A
<TABLE>
<CAPTION>
RELATED PREPAYMENT
MORTGAGE FEE/ PENALTY OPEN PREPAY PREPAY PREPAY PREPAY
LOANS LEASEHOLD EXPIRATION PERIOD YEAR 1 YEAR 2 YEAR 3 YEAR 4
- --------- --------------- ---------- ------ --------- -------------- -------------- --------------
<S> <C> <C> <C> <S> <C> <C> <C>
No Fee 02/01/2005 12 LO YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 06/01/2000 0 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
No Fee 06/05/2001 0 LO LO YM YM
No Fee 09/01/2005 3 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes Fee 09/01/2010 6 LO LO LO LO
Yes Fee 03/01/2003 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes Fee 09/01/2010 6 LO LO LO LO
No Fee 12/01/2002 3 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
No Fee 01/01/2011 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 07/01/2005 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
Yes Fee 01/01/2000 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
No Fee 09/01/2001 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
No Fee 02/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 03/01/2000 24 LO 2.5% 2.5% 1.5%
No Fee 03/01/2003 0 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
Yes Fee 09/01/2010 6 LO LO LO LO
No Fee 01/17/2002 48 LO LO YM/1%UPB 3%
Yes Fee 11/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 10/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 01/01/2006 6 LO LO LO LO
Yes(1) Fee 01/01/2000 0 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
Yes Fee 01/01/2000 0 YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
No Fee 07/01/2005 6 LO LO LO YM/1%UPB
No Fee 12/01/2020 3 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 03/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 11/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 02/01/2003 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 07/01/2003 12 YM/1%UPB YM/1%UPB YM/1%UPB <YM/5%UPB
No Fee 10/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 03/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 03/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 02/01/2006 2 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 11/01/2002 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 11/01/2005 6 YM YM YM YM
No Fee 02/01/2006 6 LO LO LO YM/1%UPB
Yes Fee 11/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 11/01/2001 0 YM/3%OPB YM/3%OPB YM/3%OPB YM/3%OPB
No Fee 02/01/2011 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 09/01/2002 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 10/01/2005 6 LO LO LO YM/1%UPB
No Fee 01/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes Fee 09/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 02/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 01/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 01/01/2003 6 LO LO LO YM/1%UPB
No Leasehold 07/01/2005 6 LO LO LO YM/1%UPB
No Fee 09/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
</TABLE>
A-25
<PAGE> 26
ANNEX A
<TABLE>
<CAPTION>
LOAN PREPAY PREPAY PREPAY PREPAY
COUNTER PROPERTY NAME YEAR 5 YEAR 6 YEAR 7 YEAR 8
- ------- ----------------------------- -------------- -------------- -------------- --------------
<C> <S> <C> <C> <C> <C>
51 Copper Ridge Apartments YM/1%UPB YM/1%UPB 3% 2%
52 Pacific Court YM/1%OPB N/A N/A N/A
53 Woodlands of Kennesaw YM N/A N/A N/A
54 Alexandria Gardens YM/1%UPB YM/1%UPB YM/1%UPB 1%
55 Glynn Place Apartments LO LO LO LO
56 Mallard Cove Apartments YM/1%UPB YM/1%UPB YM/1%UPB N/A
57 Springwood Apartments LO LO LO LO
58 Lemme Building YM/1%OPB YM/1%OPB YM/1%OPB N/A
59 Aggregate Loan Level Info. YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
59A Life Center of Galax
59B Life Center of Wilmington
59C Keystone Treatment Center
60 The Grand YM/1%OPB YM/1%OPB YM/1%OPB YM/1%OPB
61 College Plaza YM/1%OPB N/A N/A N/A
62 Parkway Market Center YM/1%OPB N/A N/A N/A
63 Safeguard Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
64 Villages at McClintock Apts. 1.5% N/A N/A N/A
65 Holiday Inn Grand Rapids YM/1%OPB YM/1%OPB YM/1%OPB N/A
66 Pine Hill Apartments LO LO LO LO
67 533 W. 21st Street Building 2% 1% N/A N/A
68 Filipello Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
69 Shirlington Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
70 Birch Brook Manor Apartments LO YM/1%UPB YM/1%UPB YM/1%UPB
71 Broadmoor Shopping Center YM/1%OPB N/A N/A N/A
72 Hobbs Plaza YM/1%OPB N/A N/A N/A
73 Claridge Court Apartments YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
74 Carriage Hill Apartments YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
75 Sunset Square Shopping Center YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
76 Sterling House Assisted Living YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
77 Jill Sanders Boutique YM/1%UPB YM/1%UPB YM/1%UPB N/A
78 Morena Self Storage <YM/5%UPB <YM/3%UPB <YM/1%UPB N/A
79 Champions Business Park YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
80 Valley View Health Care Center YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
81 Holly Nursing Care Center YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
82 Pinetree Village Apartments YM/1%UPB YM/1%UPB YM/1%UPB 1%
83 Budget Mini Storage YM/1%UPB YM/1%UPB YM/1%UPB N/A
84 All American Self Storage YM YM YM YM
85 Colwick Tower Office Building YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
86 Mr. Stor-All YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
87 Abington Grove YM/3%OPB 2% 1% N/A
88 Glenwood Center YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
89 Secure It Self Storage YM/1%UPB YM/1%UPB YM/1%UPB N/A
90 Farrington Manor Apartments YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
91 Heritage Convalescent Center YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
92 Security Public Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
93 Poway Garden Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
94 Harrison Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
95 LaSombra Apartments YM/1%UPB YM/1%UPB YM/1%UPB N/A
96 Cypress Commerce YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
97 Louetta Mini Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
</TABLE>
A-26
<PAGE> 27
ANNEX A
<TABLE>
<CAPTION>
PREPAY PREPAY PREPAY PREPAY PREPAY PREPAY PREPAY
YEAR 9 YEAR 10 YEAR 11 YEAR 12 YEAR 13 YEAR 14 YEAR 15
- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C>
1% N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
1% 1% N/A N/A N/A N/A N/A
LO LO 5% 4% 3% 2% 1%
N/A N/A N/A N/A N/A N/A N/A
LO LO 5% 4% 3% 2% 1%
N/A N/A N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
YM/1%OPB YM/1%OPB N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
LO LO 5% 4% 3% 2% 1%
N/A N/A N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB 1% 1% 1% 1% 1%
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
1% 1% N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM YM N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
N/A N/A N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
</TABLE>
A-27
<PAGE> 28
ANNEX A
<TABLE>
<CAPTION>
LTV YEAR
LOAN PREPAY APPRAISAL APPRAISED AT BUILT/
COUNTER PROPERTY NAME YEAR 16-25 DATE VALUE LTV BALLOON RENOVATED
- ------- ----------------------------- --------- --------- ----------- --- ------- ----------
<C> <S> <C> <C> <C> <C> <C> <C>
51 Copper Ridge Apartments N/A 11/15/95 6,100,000 72 63 1968
52 Pacific Court N/A 02/01/95 7,000,000 60 58 1988
53 Woodlands of Kennesaw N/A 03/05/96 5,700,000 74 71 1974
54 Alexandria Gardens N/A 09/25/95 5,400,000 77 63 1971/1996
55 Glynn Place Apartments N/A 12/08/95 5,040,000 82 64 1995
56 Mallard Cove Apartments N/A 01/16/96 5,650,000 71 65 1987
57 Springwood Apartments N/A 12/07/95 4,800,000 83 64 1995
58 Lemme Building N/A 01/01/96 6,200,000 64 57 1900/1984
59 Aggregate Loan Level Info. N/A 09/01/95 10,800,000 35
59A Life Center of Galax 2,800,000 1950
59B Life Center of Wilmington 3,600,000 1984
59C Keystone Treatment Center 4,400,000 1959/1994
60 The Grand N/A 03/01/94 6,800,000 53 40 1985
61 College Plaza N/A 10/--/96 6,800,000 51 50 1984
62 Parkway Market Center N/A 05/15/96 5,500,000 62 59 1987
63 Safeguard Self Storage N/A 04/05/96 5,350,000 62 53 1968/1995
64 Villages at McClintock Apts. N/A 11/18/94 4,950,000 66 63 1962/1994
65 Holiday Inn Grand Rapids N/A 01/01/96 5,850,000 56 48 1970/1988
66 Pine Hill Apartments N/A 12/17/95 3,850,000 84 66 1995
67 533 W. 21st Street Building N/A 10/01/95 5,000,000 64 54 1921/1994
68 Filipello Self Storage N/A 03/23/96 4,230,000 71 60 1911/1982
69 Shirlington Self Storage N/A 11/30/95 4,000,000 71 59 1965/1985
70 Birch Brook Manor Apartments N/A 12/18/95 3,800,000 75 65 1950
71 Broadmoor Shopping Center N/A 11/21/94 3,700,000 56 55 1958
72 Hobbs Plaza N/A 11/21/94 1,560,000 35 33 1981/1981
73 Claridge Court Apartments N/A 09/13/95 3,520,000 71 59 1970/1994
74 Carriage Hill Apartments 1% 11/20/95 3,200,000 72 1975
75 Sunset Square Shopping Center N/A 03/30/96 3,785,000 61 50 1958
76 Sterling House Assisted Living N/A 11/20/95 3,785,000 72 61 1992
77 Jill Sanders Boutique N/A 04/17/96 3,200,000 69 62 1902/1994
78 Morena Self Storage N/A 03/19/96 3,680,000 60 53 1955/1995
79 Champions Business Park N/A 11/30/95 3,500,000 62 53 1977
80 Valley View Health Care Center N/A 05/20/96 1,600,000 75 55 1965
81 Holly Nursing Care Center N/A 05/21/96 1,250,000 75 55 1970
82 Pinetree Village Apartments N/A 02/20/96 2,860,000 74 61 1972
83 Budget Mini Storage N/A 01/18/96 2,800,000 75 68 1979
84 All American Self Storage N/A 02/16/96 3,700,000 55 47 1987/1993
85 Colwick Tower Office Building N/A 04/25/96 3,500,000 57 49 1970/1991
86 Mr. Stor-All N/A 02/02/96 3,000,000 66 56 1973
87 Abington Grove N/A 09/01/94 2,700,000 73 68 1971
88 Glenwood Center N/A 05/15/96 3,400,000 57 1984
89 Secure It Self Storage N/A 10/14/95 2,550,000 72 65 1895/1986
90 Farrington Manor Apartments N/A 04/05/95 2,393,000 75 63 1964/1995
91 Heritage Convalescent Center N/A 01/12/96 2,450,000 73 62 1963
92 Security Public Storage N/A 11/13/95 2,600,000 69 57 1957/1988
93 Poway Garden Self Storage N/A 05/20/96 2,340,000 75 63 1979
94 Harrison Self Storage N/A 11/01/95 2,500,000 68 58 1988
95 LaSombra Apartments N/A 05/20/96 2,550,000 66 60 1970
96 Cypress Commerce N/A 07/21/95 2,631,000 64 53 1990
97 Louetta Mini Storage N/A 11/30/95 2,330,000 71 60 1993
</TABLE>
A-28
<PAGE> 29
ANNEX A
<TABLE>
<CAPTION>
LOAN BALANCE OCCUPANCY
TOTAL PROPERTY PER UNIT OCCUPANCY AS OF LOAN
UNITS SIZE(SF) SF/UNIT TYPE % DATE TYPE
- ----- -------- ------------ ------ --------- --------- ----------
<S> <C> <C> <C> <C> <C> <C>
313 261,324 $ 13,966 Units 97 08/30/96 Fixed
43,840 96 SqFt 95 02/01/95 Fixed
274 15,346 Pads 99 06/04/96 Fixed
294 217,126 14,122 Units 72 08/16/96 Fixed
128 151,832 32,172 Units 88 01/26/96 Fixed
160 138,752 24,962 Units 94 06/30/96 Fixed
113 134,128 35,122 Units 100 08/19/96 Fixed
43,076 92 SqFt 100 01/18/96 Fixed
107 62,998 35,205 Beds Fixed
38 23,268 95 07/30/96
27 16,288 100 07/31/96
42 23,442 83 08/03/96
73,130 49 SqFt 100 03/01/96 Fixed
56,486 61 SqFt 97 07/03/96 Fixed
78,333 44 SqFt 83 05/01/96 Fixed
737 76,134 43 SqFt 87 06/30/96 Fixed
181 134,810 18,074 Units 82 07/31/96 Fixed
156 20,865 Rooms N/A N/A Fixed
128 152,032 25,413 Units 84 08/28/96 Fixed
870 44,685 72 SqFt 100 08/22/96 Fixed
722 41,044 73 SqFt 92 03/23/96 Fixed
880 50,975 56 SqFt 91 12/31/95 Fixed
79 52,900 35,974 Units 99 01/02/96 Fixed
152,744 14 SqFt 89 07/03/96 Fixed
41,201 13 SqFt 83 07/03/96 Fixed
123 113,465 20,450 Units 87 04/24/96 Fixed
102 69,756 22,568 Units 95 01/01/96 Fixed
74,342 31 SqFt 100 08/01/96 Fixed
37 19,667 61,869 Beds 100 11/01/95 Fixed
10,148 216 SqFt 100 07/08/96 Fixed
1086 70,112 31 SqFt 83 02/01/96 Fixed
258 161,457 14 SqFt 93 07/18/96 Fixed
60 16,025 19,948 Beds 98 08/11/96 Fixed
53 16,653 17,643 Beds 89 08/10/96 Fixed
116 56,140 18,237 Units 100 08/24/96 Fixed
654 68,618 30 SqFt 92 07/13/96 Fixed
746 89,558 23 SqFt 96 05/01/96 Fixed
51,465 39 SqFt 98 04/01/96 Fixed
528 70,313 28 SqFt 97 01/01/96 Fixed
90 22,038 Units 97 05/01/95 Fixed
46,271 42 SqFt 100 07/10/96 Fixed
479 36,471 50 SqFt 96 07/10/96 Fixed
128 116,616 14,054 Units 95 05/01/96 Fixed
116 32,369 15,470 Beds 91 12/01/95 Fixed
641 59,913 30 SqFt 96 06/30/96 Fixed
394 46,170 38 SqFt 99 06/30/96 Fixed
471 54,400 31 SqFt 89 09/01/95 Fixed
120 92,808 14,119 Units 92 07/06/96 Fixed
59,240 28 SqFt 97 07/16/96 Fixed
411 46,739 36 SqFt 84 07/18/96 Fixed
<CAPTION>
LARGEST TENANT
- -----------------------------------------
<S><C>
Executive Suites
US Army
Grandview Inc.
Hastings
University Hospital
1632A Market St.
JC Penney
Big Cheese Pizza
Kash 'N Karry
Mich-Oak Enterprise
Hallmark Clinic
Life Resources
Attorneys Title Insurance Fund
</TABLE>
A-29
<PAGE> 30
ANNEX A
<TABLE>
<CAPTION>
LARGEST LARGEST LARGEST
LOAN TENANT TENANT TENANT SECOND LARGEST
COUNTER PROPERTY NAME LEASED SF % OF TOTAL SF LEASE EXPIRATION TENANT
- ------- ----------------------------- --------- ------------- ---------------- --------------------------------
<C> <S> <C> <C> <C> <C>
51 Copper Ridge Apartments
52 Pacific Court 9,000 21 Monthly Petermann
53 Woodlands of Kennesaw
54 Alexandria Gardens
55 Glynn Place Apartments
56 Mallard Cove Apartments
57 Springwood Apartments
58 Lemme Building 6,230 14 10/01/98 Texas Arizona
59 Aggregate Loan Level Info.
59A Life Center of Galax
59B Life Center of Wilmington
59C Keystone Treatment Center
60 The Grand 10,608 15 08/01/2004 China Bay Club
61 College Plaza 19,330 34 02/01/2005 Austin's Steaks
62 Parkway Market Center 16,970 22 07/01/2006 DSP Contractors
63 Safeguard Self Storage
64 Villages at McClintock Apts.
65 Holiday Inn Grand Rapids
66 Pine Hill Apartments
67 533 W. 21st Street Building
68 Filipello Self Storage 2,000 5 08/31/99 15 Page Street
69 Shirlington Self Storage
70 Birch Brook Manor Apartments
71 Broadmoor Shopping Center 30,000 20 03/01/97 Anthony's
72 Hobbs Plaza 8,528 21 11/01/96 Blockbuster Video
73 Claridge Court Apartments
74 Carriage Hill Apartments
75 Sunset Square Shopping Center 30,474 41 02/28/2004 Highland Liquor Depot
76 Sterling House Assisted Living
77 Jill Sanders Boutique 10,148 100 12/31/2003
78 Morena Self Storage
79 Champions Business Park
80 Valley View Health Care Center
81 Holly Nursing Care Center
82 Pinetree Village Apartments
83 Budget Mini Storage
84 All American Self Storage
85 Colwick Tower Office Building 5,284 10 03/31/98 Key Man (Executive)
86 Mr. Stor-All
87 Abington Grove
88 Glenwood Center 18,617 40 08/31/99 Acapulco
89 Secure It Self Storage
90 Farrington Manor Apartments
91 Heritage Convalescent Center
92 Security Public Storage
93 Poway Garden Self Storage
94 Harrison Self Storage
95 LaSombra Apartments
96 Cypress Commerce 14,840 25 06/30/97 State of Fla. Dept of Business
97 Louetta Mini Storage
</TABLE>
A-30
<PAGE> 31
ANNEX A
<TABLE>
<CAPTION>
SECOND LARGEST SECOND LARGEST SECOND LARGEST MOST RECENT
TENANT TENANT TENANT MOST RECENT NOI
LEASED SF % OF TOTAL SF LEASE EXPIRATION 1994 NOI 1995 NOI NOI END DATE
- -------------- -------------- ---------------- --------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C>
$ 418,297 $ 560,659 $ 560,659 11/30/95
5,600 13 04/01/99 555,829 512,147 512,147 12/31/95
494,098 534,837 534,837 12/31/95
77,256 547,395 547,395 08/31/95
208,745 208,745 12/31/95
458,792 501,720 512,243 06/30/96
158,643 158,643 12/31/95
5,500 13 05/01/2015 427,694 507,720 507,720 12/31/95
1,440,230 1,462,549 871,160
372,445 375,915 360,897 03/31/96
503,176 467,480 230,401 03/31/96
564,609 619,154 279,862 03/31/96
7,719 11 08/01/2005 749,659 814,389 814,389 12/31/95
5,817 10 07/01/2003 536,697 659,753 659,753 12/31/95
7,500 10 08/01/98 211,479 453,458 453,458 12/31/95
373,251 417,259 06/30/96
229,722 340,006 270,068 06/30/96
553,624 844,495 844,495 12/31/95
305,507 305,507 12/31/95
70,752 550,222 550,222 12/31/95
1,850 5 10/31/96 394,751 447,367 449,234 12/31/95
429,781 429,792 467,505 06/30/96
412,406 401,026 401,026 12/31/95
23,280 15 01/01/2000 424,554 424,760 424,760 12/31/95
5,680 14 02/01/97 169,562 187,991 187,991 12/31/95
205,830 330,626 339,818 04/30/96
305,473 418,845 418,845 08/31/95
3,000 4 10/31/2003 344,517 414,066 412,829 07/31/96
244,415 359,191 286,549 06/30/96
192,610 220,632 220,632 12/31/95
346,830 339,204 385,374 06/30/96
388,689 399,523 06/30/96
243,507 268,944 06/30/96
243,430 90,498 06/30/96
229,856 262,268 262,268 12/31/95
228,066 286,287 279,970 06/30/96
380,746 393,513 418,146 06/30/96
4,150 8 08/01/96 231,471 380,399 361,662 04/01/96
301,999 307,655 06/30/96
206,666 318,795 318,795 12/31/95
7,571 16 09/30/2000 308,316 354,207 354,207 12/31/95
299,016 367,559 400,148 06/30/96
71,555 323,685 323,685 05/20/96
331,961 311,275 321,186 12/31/95
244,159 280,725 311,222 06/30/96
235,236 257,614 281,595 04/30/96
246,440 276,556 271,998 06/30/96
245,630 267,828 270,994 04/30/96
10,409 18 05/31/2001 75,137 205,692 340,113 06/30/96
212,401 261,699 300,222 06/30/96
</TABLE>
A-31
<PAGE> 32
ANNEX A
<TABLE>
<CAPTION>
MOST
RECENT
LOAN STATEMENT UNDERWRITING UNDERWRITING UNDERWRITING
COUNTER PROPERTY NAME TYPE NOI CASH FLOW DSC
- ------- ----------------------------- --------------------- ------------ ------------ ------------
<C> <S> <C> <C> <C> <C>
51 Copper Ridge Apartments Annualized 11 months $ 675,667 $ 519,167 1.79x
52 Pacific Court Annual 1995 627,495 562,993 1.36
53 Woodlands of Kennesaw Annual 1995 553,232 536,792 1.29
54 Alexandria Gardens Annualized 8 months 510,741 437,241 1.29
55 Glynn Place Apartments Annual 1995 398,398 379,198 1.08
56 Mallard Cove Apartments Annualized 6 months 553,898 513,898 1.42
57 Springwood Apartments Annual 1995 481,423 464,473 1.35
58 Lemme Building Annual 1995 687,760 614,146 1.79
59 Aggregate Loan Level Info. Annualized 6 months 1,395,243 1,332,245 2.66
59A Life Center of Galax Annualized 6 months 345,174 321,906
59B Life Center of Wilmington Annualized 6 months 518,124 501,836
59C Keystone Treatment Center Annualized 6 months 531,945 508,503
60 The Grand Annual 1995 786,881 673,530 1.85
61 College Plaza Annual 1995 615,052 550,093 1.57
62 Parkway Market Center Annual 1995 566,516 485,579 1.64
63 Safeguard Self Storage Trailing 12 513,953 507,862 1.40
64 Villages at McClintock Apts. Trailing 12 456,711 417,796 1.26
65 Holiday Inn Grand Rapids Annual 1995 814,571 623,718 2.22
66 Pine Hill Apartments Annual 1995 309,011 289,811 1.05
67 533 W. 21st Street Building Annual 1995 643,210 633,245 1.97
68 Filipello Self Storage Trailing 12 429,585 425,481 1.35
69 Shirlington Self Storage Trailing 12 395,720 390,622 1.38
70 Birch Brook Manor Apartments Annual 1995 387,929 368,179 1.35
71 Broadmoor Shopping Center Annual 1995 473,511 374,148 2.01
72 Hobbs Plaza Annual 1995 175,285 127,903 2.61
73 Claridge Court Apartments Trailing 12 355,762 321,973 1.51
74 Carriage Hill Apartments Annualized 8 months 360,937 337,987 1.59
75 Sunset Square Shopping Center Annualized 7 months 395,006 365,779 1.71
76 Sterling House Assisted Living Trailing 12 323,603 314,353 1.30
77 Jill Sanders Boutique Annual 1995 312,577 311,562 1.37
78 Morena Self Storage Trailing 12 382,203 375,192 1.59
79 Champions Business Park Trailing 12 332,976 302,006 1.43
80 Valley View Health Care Center Annualized 6 months 265,903 249,878 1.90
81 Holly Nursing Care Center Annualized 6 months 161,135 152,808 1.47
82 Pinetree Village Apartments Annual 1995 283,680 257,000 1.36
83 Budget Mini Storage Trailing 12 307,418 300,556 1.41
84 All American Self Storage Trailing 12 395,990 391,512 1.79
85 Colwick Tower Office Building Trailing 12 377,954 335,933 1.72
86 Mr. Stor-All Trailing 12 286,547 283,031 1.35
87 Abington Grove Annual 1995 322,155 295,155 1.45
88 Glenwood Center Annual 1995 371,594 349,107 1.52
89 Secure It Self Storage Annualized 6 months 337,631 335,151 1.83
90 Farrington Manor Apartments Annualized 5 months 244,971 219,371 1.32
91 Heritage Convalescent Center Trailing 12 332,323 312,578 1.69
92 Security Public Storage Trailing 12 283,638 277,048 1.58
93 Poway Garden Self Storage Trailing 12 237,239 233,084 1.28
94 Harrison Self Storage Trailing 12 268,415 265,004 1.43
95 LaSombra Apartments Trailing 12 264,870 230,310 1.50
96 Cypress Commerce Annualized 6 months 318,236 241,342 1.94
97 Louetta Mini Storage Trailing 12 255,258 250,584 1.51
</TABLE>
A-32
<PAGE> 33
ANNEX A
<TABLE>
<CAPTION>
CURRENT CURRENT
UNDERWRITING REPLACEMENT ANNUALIZED OTHER
COMBINED DSC RESERVES REP RESERVE PAYMENT/UNIT OR SF RESERVES
- ------------ ----------- ------------------------------ --------
<S> <C> <C> <C>
41,969 $ 200.00
--
--
43,545 250.00
11,200 150.00
9,933 248.33
9,888 150.00
28,533 400.00
200,000
--
405,000
2.15
15,399 214.00
11,200 150.00
102,368 0.17
1.71
1.71 47,562 250.00
22,550 275.00
8,925 150.00
5,638 0.15 125,000
3,242 149.78
920 0.10
2,510 251.00
2,208 249.96
13,387 230.07
1,294 0.30
66,929 247.73
4,680 0.36
-- --
-- --
6,399 199.97
34,838 100.00
5,042 252.08
7,898 0.20 100,000
</TABLE>
A-33
<PAGE> 34
ANNEX A
<TABLE>
<CAPTION>
LOAN CONTROL
COUNTER NUMBER PROPERTY NAME PROPERTY ADDRESS CITY
- ------- --------- ----------------------------- ----------------------------------------- ---------------------
<C> <S> <C> <C> <C>
98 CONT2090 U-Haul Storage (Sterling) 45715 Old Ox Road Sterling
99 Aggregate Loan Level Info.
99A CONT3090 Annabelle's Restaurant 4106 Oleander Drive Wilmington
99B CONT3091 Annabelle's Restaurant 2735 Park Avenue Petersburg
100 CONT1380 Sierra Vista Self Storage 900 E. Wilcox Drive Sierra Vista
101 CONT1400 Security Public Storage 24873 Huntwood Avenue Hayward
102 CONT1410 Capital City Self Storage 1700 Pleasant Valley Road Austin
103 CONT1420 I Avenue Self Storage 10150 I Avenue Hesperia
104 CONT1430 Ambassador Self Storage 1702 South Highway 121 Lewisville
105 CONT1390 Arovista Self Storage 270 Arovista Avenue Brea
106 CONT1440 Willowbrook Apartments 7135-7165 Raleigh Street Westminster
107 CONT1450 67 East Willow Street 67 East Willow Street Millburn
108 CONT3010 U-Haul Storage (Richmond) 2930 North Boulevard Richmond
109 CONT1910 Harwin Business Park 9410-9440 Harwin Drive Houston
110 CONT1470 State College Self-Storage 5185 Hallmark Parkway San Bernardino
111 CONT1480 A Storage Place 8330 Littleton Road North Fort Myers
112 CONT3020 U-Haul Storage (Odenton) 1480 Annapolis Road Odenton
113 CONT1490 UC Mini Storage 4601 Shattuck Avenue Oakland
114 CONT1500 Alpine Self Storage 800 Chambers Avenue Eagle
115 CONT1510 Capital Self-Storage 6755 East Golf Links Rd Tucson
116 CONT2040 Colorow Care Center 750 8th Street Olathe
117 CONT1520 Boston Self Storage 135 Old Colony Avenue Boston
118 CONT1530 Waltham Self Storage 115 Bacon Street Waltham
119 CONT1540 Mulberry Hill Apartments 1130 East Mulberry Ave. San Antonio
120 CONT3030 U-Haul Storage (Oaklawn Blvd) 5400 Oaklawn Blvd. Prince George
121 GMAC1160 Farmington Court Apartments 780 Farmington Avenue Pottstown
122 CONT3040 U-Haul Storage (N Richland) 6404 Browning Drive North Richland Hills
123 CONT1550 C & D Mini-Warehouses 191 Deaverview Road Asheville
124 CONT1560 Aloha Self Storage 5029 Haltom Road Haltom City
125 GMAC1130 Steiner Ocean Apartments 65 Steiner Avenue Neptune City
126 CONT1950 Dependable Mini Storage 730 Military Parkway Mesquite
127 GMAC1180 Arms Apartments 27-86 Mercury Court West Springfield
128 CONT1570 Cedar Hill Self Storage 150 North Clark Road Cedar Hill
129 CONT1580 Watson & Taylor Mini Storage 6450-A Spellman Road Houston
130 CONT3050 U-Haul Storage (Shreveport) 5919 Financial Plaza Shreveport
131 CONT1960 Tyler Street Self Storage 3636 Tyler Street Dallas
132 CONT1590 Locker Room Self Storage 5804 N. Denton Highway Haltom City
133 CONT1600 All American Store & Lock 1255 Prospect Street Lakewood
134 CONT3060 U-Haul Storage (Marrero) 7201 Westbank Expressway Marrero
135 CONT1650 Arizona Storage Inns 2929 North 73rd Street Scottsdale
136 CONT3080 U-Haul Storage (Myrtle Beach) 5604 South Kings Highway Myrtle Beach
137 CONT3070 U-Haul Storage (Jefferson) 4725 Jefferson Park Road Prince George
</TABLE>
A-34
<PAGE> 35
ANNEX A
<TABLE>
<CAPTION>
CUT-OFF CURRENT
PROPERTY ORIGINAL DATE MORTGAGE FIRST
STATE ZIP TYPE BALANCE BALANCE RATE FOOTNOTE PYMT DATE
- ------ ------ -------------------------- -------------- -------------- -------- -------- ---------
<C> <C> <S> <C> <C> <C> <C> <C>
VA 20166 Self-Storage/Mini-Storage 1,834,058 1,605,796 9.000 01/31/94
Restaurant 1,600,000 1,598,372 11.950 (8) 11/01/96
NC 28403 Restaurant
VA 23805 Restaurant
AZ 85635 Self-Storage/Mini-Storage 1,550,000 1,542,691 9.875 06/01/96
CA 94544 Self-Storage/Mini-Storage 1,500,000 1,492,470 9.500 06/01/96
TX 78741 Self-Storage/Mini-Storage 1,500,000 1,487,591 9.000 03/01/96
CA 92345 Self-Storage/Mini-Storage 1,500,000 1,487,076 8.750 03/01/96
TX 75067 Self-Storage/Mini-Storage 1,500,000 1,487,076 8.750 03/01/96
CA 92621 Self-Storage/Mini-Storage 1,475,000 1,470,497 10.000 08/01/96
CO 80030 Multifamily 1,475,000 1,460,663 8.000 03/01/96
NJ 07041 Industrial/Warehouse 1,400,000 1,382,436 9.750 07/01/96
VA 23220 Self-Storage/Mini-Storage 1,463,938 1,347,320 9.000 01/31/94
TX 77036 Industrial/Warehouse 1,300,000 1,294,904 10.125 09/01/96
CA 92407 Self-Storage/Mini-Storage 1,300,000 1,292,163 9.350 05/01/96
FL 33903 Self-Storage/Mini-Storage 1,300,000 1,289,024 8.875 03/01/96
MD 21113 Self-Storage/Mini-Storage 1,346,800 1,243,224 9.000 10/31/93
CA 94609 Self-Storage/Mini-Storage 1,250,000 1,240,653 8.875 04/01/96
CO 81631 Self-Storage/Mini-Storage 1,250,000 1,240,461 8.750 04/01/96
AZ 85730 Self-Storage/Mini-Storage 1,250,000 1,238,466 9.000 02/01/96
CO 81425 Nursing Home 1,240,000 1,236,773 10.125 10/01/96
MA 02127 Self-Storage/Mini-Storage 1,200,000 1,197,264 10.000 09/01/96
MA 02154 Self-Storage/Mini-Storage 1,200,000 1,194,575 10.125 06/01/96
TX 78215 Multifamily 1,200,000 1,187,252 8.125 (9) 02/01/96
VA 23875 Self-Storage/Mini-Storage 1,242,111 1,140,151 9.000 10/31/94
PA 19464 Multifamily 1,075,000 1,064,551 8.000 (6) 03/01/96
TX 78180 Self-Storage/Mini-Storage 1,163,576 1,048,418 9.000 01/31/94
NC 28813 Self-Storage/Mini-Storage 1,050,000 1,046,862 10.125 08/01/96
TX 76117 Self-Storage/Mini-Storage 1,000,000 996,947 10.000 08/01/96
NJ 07753 Multifamily 1,000,000 996,891 9.400 (6) 08/01/96
TX 75149 Self-Storage/Mini-Storage 945,000 943,508 9.750 10/01/96
MA 01089 Multifamily 1,000,000 938,228 8.125 (6) 01/01/96
TX 75104 Self-Storage/Mini-Storage 850,000 839,806 10.250 07/01/96
TX 77096 Self-Storage/Mini-Storage 835,000 831,062 9.875 06/01/96
LA 71129 Self-Storage/Mini-Storage 866,000 816,800 9.000 05/31/94
TX 75224 Self-Storage/Mini-Storage 800,000 798,737 9.750 10/01/96
TX 76148 Self-Storage/Mini-Storage 800,000 792,768 9.125 02/01/96
NY 08701 Self-Storage/Mini-Storage 795,000 788,423 9.000 03/01/96
LA 70072 Self-Storage/Mini-Storage 729,167 706,783 9.000 05/31/94
AZ 85251 Self-Storage/Mini-Storage 530,000 528,914 10.625 09/01/96
SC 29575 Self-Storage/Mini-Storage 483,889 397,896 9.000 10/31/93
VA 23875 Self-Storage/Mini-Storage 354,951 328,137 9.000 10/31/94
<CAPTION>
MONTHLY
PAYMENT
-------------
<S><C>
$ 15,391.35
17,561.64
13,948.51
13,105.45
12,587.95
12,332.15
12,332.15
13,403.34
11,384.29
14,831.08
12,285.32
12,653.14
11,222.80
10,798.49
11,302.30
10,383.17
10,276.80
10,489.96
12,069.14
10,904.41
11,010.33
9,361.38
10,423.75
8,297.02
9,764.69
9,634.04
9,087.01
8,667.55
8,421.25
12,198.91
9,264.58
7,514.20
7,267.44
7,129.10
6,782.18
6,671.61
6,119.15
5,051.55
4,060.78
2,978.74
-------------
$3,846,257.55
=============
</TABLE>
A-35
<PAGE> 36
ANNEX A
<TABLE>
<CAPTION>
ORIGINAL ORIGINAL REMAINING
LOAN TERM TO AMORT SEASONING TERM TO MATURITY
COUNTER PROPERTY NAME MATURITY (MOS.) TERM (MOS.) (MOS.) MATURITY (MOS.) DATE
- ------- ----------------------------- --------------- ----------- ---------------- --------------- ----------
<C> <S> <C> <C> <C> <C> <C>
98 U-Haul Storage (Sterling) 119 300 34 85 12/01/2003
99 Aggregate Loan Level Info. 240 240 1 239 10/01/2016
99A Annabelle's Restaurant
99B Annabelle's Restaurant
100 Sierra Vista Self Storage 120 300 6 114 05/01/2006
101 Security Public Storage 120 300 6 114 05/01/2006
102 Capital City Self Storage 181 300 9 172 03/01/2011
103 I Avenue Self Storage 121 300 9 112 03/01/2006
104 Ambassador Self Storage 181 300 9 172 03/01/2011
105 Arovista Self Storage 120 300 4 116 07/01/2006
106 Willowbrook Apartments 120 300 9 111 02/01/2006
107 67 East Willow Street 120 180 5 115 06/01/2006
108 U-Haul Storage (Richmond) 119 300 34 85 12/01/2003
109 Harwin Business Park 180 240 3 177 08/01/2011
110 State College Self-Storage 120 300 7 113 04/01/2006
111 A Storage Place 121 300 9 112 03/01/2006
112 U-Haul Storage (Odenton) 119 300 37 82 09/01/2003
113 UC Mini Storage 120 300 8 112 03/01/2006
114 Alpine Self Storage 120 300 8 112 03/01/2006
115 Capital Self-Storage 121 300 10 111 02/01/2006
116 Colorow Care Center 120 240 2 118 09/01/2006
117 Boston Self Storage 120 300 3 117 08/01/2006
118 Waltham Self Storage 120 300 6 114 05/01/2006
119 Mulberry Hill Apartments 192 300 10 182 01/01/2012
120 U-Haul Storage (Oaklawn Blvd) 119 300 25 94 09/01/2004
121 Farmington Court Apartments 120 300 9 111 02/01/2006
122 U-Haul Storage (N Richland) 119 300 34 85 12/01/2003
123 C & D Mini-Warehouses 120 300 4 116 07/01/2006
124 Aloha Self Storage 120 300 4 116 07/01/2006
125 Steiner Ocean Apartments 120 300 4 116 07/01/2006
126 Dependable Mini Storage 120 300 2 118 09/01/2006
127 Arms Apartments 120 120 11 109 12/01/2005
128 Cedar Hill Self Storage 180 180 5 175 06/01/2011
129 Watson & Taylor Mini Storage 120 300 6 114 05/01/2006
130 U-Haul Storage (Shreveport) 119 300 30 89 04/01/2004
131 Tyler Street Self Storage 120 300 2 118 09/01/2006
132 Locker Room Self Storage 181 300 10 171 02/01/2011
133 All American Store & Lock 121 300 9 112 03/01/2006
134 U-Haul Storage (Marrero) 119 300 30 89 04/01/2004
135 Arizona Storage Inns 120 300 3 117 08/01/2006
136 U-Haul Storage (Myrtle Beach) 119 300 37 82 09/01/2003
137 U-Haul Storage (Jefferson) 119 300 25 94 09/01/2004
<CAPTION>
BALLOON
AMOUNT
------------
<S><C>
$ 1,209,741
1,310,464
1,258,187
993,711
1,233,897
984,002
1,250,263
1,194,679
711,140
1,089,376
601,381
1,086,881
1,072,509
1,020,246
1,033,993
1,031,004
1,034,239
912,887
1,017,165
1,019,747
719,990
885,842
870,699
823,464
892,277
847,636
837,632
796,882
705,958
673,053
674,609
532,551
657,777
603,734
454,827
276,544
257,830
------------
$391,130,671
============
</TABLE>
A-36
<PAGE> 37
ANNEX A
<TABLE>
<CAPTION>
RELATED PREPAYMENT
MORTGAGE FEE/ PENALTY OPEN PREPAY PREPAY PREPAY PREPAY
LOANS LEASEHOLD EXPIRATION PERIOD YEAR 1 YEAR 2 YEAR 3 YEAR 4
- --------- --------------- ---------- ------ --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
No Fee 12/01/2003 0 LO LO LO LO
No Fee 04/01/2016 6 YM/1%PPB YM/1%PPB YM/1%PPB YM/1%PPB
No Fee 11/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes Fee 11/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes Fee 03/01/2009 24 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 09/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes Fee 03/01/2009 24 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 01/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 08/01/2005 6 LO LO LO YM/1%UPB
Yes Fee 12/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 12/01/2003 0 LO LO LO LO
No Fee 02/01/2011 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 10/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 09/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 09/01/2003 0 LO LO LO LO
No Fee 09/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 09/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 08/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes Fee 03/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 08/01/2005 12 YM YM YM YM
No Fee 05/01/2005 12 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 07/01/2011 6 LO LO LO LO
No Fee 09/01/2004 0 LO LO LO LO
No Fee 11/01/2005 3 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 12/01/2003 0 LO LO LO LO
No Fee 01/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 01/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 01/01/2006 6 LO LO LO LO
No Fee 03/01/2006 6 LO LO LO LO
No Fee 09/01/2005 3 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 12/01/2010 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 11/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 04/01/2004 0 LO LO LO LO
No Fee 03/01/2006 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes Fee 02/01/2009 24 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
No Fee 09/01/2005 6 YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
Yes(1) Fee 04/01/2004 0 LO LO LO LO
No Fee 08/01/2003 36 YM/1%UPB YM/1%UPB YM/1%UPB 3%
No Fee 09/01/2003 0 LO LO LO LO
No Fee 09/01/2004 0 LO LO LO LO
</TABLE>
A-37
<PAGE> 38
ANNEX A
<TABLE>
<CAPTION>
LOAN PREPAY PREPAY PREPAY PREPAY
COUNTER PROPERTY NAME YEAR 5 YEAR 6 YEAR 7 YEAR 8
- ------- ------------------------------ --------- --------- --------- ---------
<C> <S> <C> <C> <C> <C>
98 U-Haul Storage (Sterling) LO LO LO 1%+YM
99 Aggregate Loan Level Info. YM/1%PPB YM/1%PPB YM/1%PPB YM/1%PPB
99A Annabelle's Restaurant
99B Annabelle's Restaurant
100 Sierra Vista Self Storage YM/1%UPB YM/1%UPB YM/1%UPB 3%
101 Security Public Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
102 Capital City Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
103 I Avenue Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
104 Ambassador Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
105 Arovista Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
106 Willowbrook Apartments YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
107 67 East Willow Street YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
108 U-Haul Storage (Richmond) LO LO LO 1%+YM
109 Harwin Business Park YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
110 State College Self-Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
111 A Storage Place YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
112 U-Haul Storage (Odenton) LO LO LO 1%+YM
113 UC Mini Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
114 Alpine Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
115 Capital Self-Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
116 Colorow Care Center YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
117 Boston Self Storage YM YM YM YM
118 Waltham Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
119 Mulberry Hill Apartments LO LO LO LO
120 U-Haul Storage (Oaklawn Blvd) LO LO LO 1%+YM
121 Farmington Court Apartments YM/1%UPB YM/1%UPB YM/1%UPB 1%
122 U-Haul Storage (N Richland) LO LO LO 1%+YM
123 C & D Mini-Warehouses YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
124 Aloha Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
125 Steiner Ocean Apartments LO YM/1%UPB YM/1%UPB YM/1%UPB
126 Dependable Mini Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
127 Arms Apartments YM/1%UPB YM/1%UPB YM/1%UPB 1%
128 Cedar Hill Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
129 Watson & Taylor Mini Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
130 U-Haul Storage (Shreveport) LO LO LO 1%+YM
131 Tyler Street Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
132 Locker Room Self Storage YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
133 All American Store & Lock YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
134 U-Haul Storage (Marrero) LO LO LO 1%+YM
135 Arizona Storage Inns 2% 1% 1% N/A
136 U-Haul Storage (Myrtle Beach) LO LO LO 1%+YM
137 U-Haul Storage (Jefferson) LO LO LO 1%+YM
</TABLE>
A-38
<PAGE> 39
ANNEX A
<TABLE>
<CAPTION>
PREPAY PREPAY PREPAY PREPAY PREPAY PREPAY PREPAY
YEAR 9 YEAR 10 YEAR 11 YEAR 12 YEAR 13 YEAR 14 YEAR 15
- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C>
1%+YM 1%+YM N/A N/A N/A N/A N/A
YM/1%PPB YM/1%PPB YM/1%PPB YM/1%PPB 1% 1% 1%
2% 1% N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB 5% 3% 1% N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
1%+YM 1%+YM N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
1%+YM 1%+YM N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM N/A N/A N/A N/A N/A N/A
YM/1%UPB N/A N/A N/A N/A N/A N/A
LO LO YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
1%+YM 1%+YM N/A N/A N/A N/A N/A
1% 1% N/A N/A N/A N/A N/A
1%+YM 1%+YM N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
1% 1% N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB YM/1%UPB
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
1%+YM 1%+YM N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
YM/1%UPB YM/1%UPB 5% 3% 1% N/A N/A
YM/1%UPB YM/1%UPB N/A N/A N/A N/A N/A
1%+YM 1%+YM N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
1%+YM 1%+YM N/A N/A N/A N/A N/A
1%+YM 1%+YM N/A N/A N/A N/A N/A
</TABLE>
A-39
<PAGE> 40
ANNEX A
<TABLE>
<CAPTION>
PREPAY LTV YEAR
LOAN YEAR APPRAISAL APPRAISED AT BUILT/
COUNTER PROPERTY NAME 16-25 DATE VALUE LTV BALLOON RENOVATED
- ------- ----------------------------- --------- --------- ----------- --- ------- ----------
<C> <S> <C> <C> <C> <C> <C> <C>
98 U-Haul Storage (Sterling) N/A 11/01/95 2,900,000 55 42 1988
99 Aggregate Loan Level Info. 1% 07/01/96 3,050,000 52
99A Annabelle's Restaurant 2,050,000 1973
99B Annabelle's Restaurant 1,000,000 1920/1975
100 Sierra Vista Self Storage N/A 11/20/95 2,265,000 68 58 1982
101 Security Public Storage N/A 02/02/96 3,750,000 40 34 1982
102 Capital City Self Storage N/A 12/13/95 2,300,000 65 43 1985/1993
103 I Avenue Self Storage N/A 11/07/95 2,150,000 69 57 1989
104 Ambassador Self Storage N/A 12/14/95 2,850,000 52 35 1986
105 Arovista Self Storage N/A 04/15/96 2,370,000 62 53 1984
106 Willowbrook Apartments N/A 08/24/95 2,000,000 73 60 1973
107 67 East Willow Street N/A 11/01/95 1,990,000 69 36 1969/1995
108 U-Haul Storage (Richmond) N/A 11/01/95 2,300,000 59 47 1946/1985
109 Harwin Business Park N/A 05/10/96 1,930,000 67 31 1974
110 State College Self-Storage N/A 01/16/96 1,750,000 74 62 1989
111 A Storage Place N/A 11/21/95 2,300,000 56 47 1974
112 U-Haul Storage (Odenton) N/A 11/01/95 2,300,000 54 44 1986
113 UC Mini Storage N/A 11/13/95 1,800,000 69 57 1930/1986
114 Alpine Self Storage N/A 11/01/95 2,700,000 46 38 1983
115 Capital Self-Storage N/A 10/12/95 1,800,000 69 57 1986
116 Colorow Care Center N/A 05/30/96 1,700,000 73 54 1978
117 Boston Self Storage N/A 05/08/96 1,620,000 74 63 1925/1989
118 Waltham Self Storage N/A 07/05/95 1,770,000 67 58 1891/1994
119 Mulberry Hill Apartments YM/1%UPB 05/18/95 1,500,000 79 48 1960/1994
120 U-Haul Storage (Oaklawn Blvd) N/A 11/01/95 1,700,000 67 52 1983
121 Farmington Court Apartments N/A 11/07/95 1,375,000 77 63 1970
122 U-Haul Storage (N Richland) N/A 11/01/95 1,800,000 58 46 1989
123 C & D Mini-Warehouses N/A 03/19/96 1,650,000 63 54 1980
124 Aloha Self Storage N/A 12/14/95 1,900,000 52 45 1985
125 Steiner Ocean Apartments N/A 11/30/95 1,815,000 55 46 1965/1987
126 Dependable Mini Storage N/A 03/14/96 1,665,000 57 48 1986
127 Arms Apartments N/A 07/28/95 2,600,000 36 1952
128 Cedar Hill Self Storage N/A 01/13/96 1,330,000 63 1985
129 Watson & Taylor Mini Storage N/A 01/13/95 1,420,000 59 50 1978
130 U-Haul Storage (Shreveport) N/A 11/01/95 1,090,000 75 62 1986
131 Tyler Street Self Storage N/A 05/27/96 1,230,000 65 55 1986
132 Locker Room Self Storage N/A 12/14/95 1,030,000 77 52 1982
133 All American Store & Lock N/A 11/08/95 1,050,000 75 63 1987
134 U-Haul Storage (Marrero) N/A 11/01/95 790,000 89 76 1988
135 Arizona Storage Inns N/A 03/12/96 790,000 67 58 1976
136 U-Haul Storage (Myrtle Beach) N/A 11/01/95 1,015,000 39 27 1972
137 U-Haul Storage (Jefferson) N/A 11/01/95 540,000 61 48 1989
</TABLE>
A-40
<PAGE> 41
ANNEX A
<TABLE>
<CAPTION>
LOAN BALANCE OCCUPANCY
TOTAL PROPERTY PER UNIT OCCUPANCY AS OF LOAN
UNITS SIZE(SF) SF/UNIT TYPE % DATE TYPE LARGEST TENANT
- ----- -------- ------------ ------ --------- --------- ----- -----------------------------------------
<C> <C> <C> <C> <C> <C> <C> <S>
342 41,400 $ 39 SqFt 94 09/18/96 Fixed
17,460 92 SqFt Fixed
9,890 100 07/01/96
7,570 100 07/01/96
749 62,426 25 SqFt 90 01/01/96 Fixed
697 72,170 21 SqFt 91 06/30/96 Fixed
582 64,271 23 SqFt 92 07/11/96 Fixed
644 86,302 17 SqFt 94 07/03/96 Fixed
508 96,942 15 SqFt 89 11/01/95 Fixed First Choice Auto
523 55,317 27 SqFt 95 07/09/96 Fixed
92 57,160 15,877 Units 92 04/01/96 Fixed
77,129 18 SqFt 100 07/10/96 Fixed B.W.B. Company
646 49,964 27 SqFt 88 09/18/96 Fixed
97,424 13 SqFt 93 07/01/96 Fixed N.B. Wholesale
598 57,425 23 SqFt 90 07/03/96 Fixed
360 43,502 30 SqFt 96 10/01/95 Fixed
482 40,600 31 SqFt 94 09/18/96 Fixed
407 16,803 74 SqFt 95 07/29/96 Fixed
450 56,826 22 SqFt 93 09/30/95 Fixed
466 35,090 35 SqFt 83 07/15/96 Fixed
60 21,794 20,613 Beds 100 08/15/96 Fixed
357 26,578 45 SqFt 78 08/02/96 Fixed
368 34,352 35 SqFt 89 07/09/96 Fixed
64 52,654 18,551 Units 91 07/15/96 Fixed
541 59,150 19 SqFt 95 09/25/96 Fixed
60 43,980 17,743 Units 92 01/11/96 Fixed
508 68,635 15 SqFt 76 09/18/96 Fixed
403 62,504 17 SqFt 94 07/29/96 Fixed
481 54,400 18 SqFt 88 07/06/96 Fixed
36 26,700 27,691 Units 88 08/23/96 Fixed
480 57,851 16 SqFt 93 07/11/96 Fixed
101 67,012 9,289 Units 95 08/22/96 Fixed
413 53,138 16 SqFt 97 07/10/96 Fixed
490 62,882 13 SqFt 85 06/29/96 Fixed
412 46,375 18 SqFt 94 09/20/96 Fixed
505 42,285 19 SqFt 94 07/24/96 Fixed
343 39,800 20 SqFt 97 07/06/96 Fixed
156 32,350 24 SqFt 88 11/01/95 Fixed
288 27,363 26 SqFt 99 09/18/96 Fixed
272 15,100 35 SqFt 99 07/01/96 Fixed
342 32,000 12 SqFt 92 09/26/96 Fixed
207 27,150 12 SqFt 87 09/18/96 Fixed
</TABLE>
A-41
<PAGE> 42
ANNEX A
<TABLE>
<CAPTION>
LARGEST LARGEST LARGEST
LOAN TENANT TENANT TENANT SECOND LARGEST
COUNTER PROPERTY NAME LEASED SF % OF TOTAL SF LEASE EXPIRATION TENANT
- ------- ------------------------------ --------- ------------- ---------------- --------------------------------
<C> <S> <C> <C> <C> <C>
98 U-Haul Storage (Sterling)
99 Aggregate Loan Level Info.
99A Annabelle's Restaurant
99B Annabelle's Restaurant
100 Sierra Vista Self Storage
101 Security Public Storage
102 Capital City Self Storage
103 I Avenue Self Storage
104 Ambassador Self Storage 8,200 8 01/01/98
105 Arovista Self Storage
106 Willowbrook Apartments
107 67 East Willow Street 36,500 47 01/31/2006 Sharon Lifestyles
108 U-Haul Storage (Richmond)
109 Harwin Business Park 18,750 19 05/31/97 Abassi Wholesale
110 State College Self-Storage
111 A Storage Place
112 U-Haul Storage (Odenton)
113 UC Mini Storage
114 Alpine Self Storage
115 Capital Self-Storage
116 Colorow Care Center
117 Boston Self Storage
118 Waltham Self Storage
119 Mulberry Hill Apartments
120 U-Haul Storage (Oaklawn Blvd)
121 Farmington Court Apartments
122 U-Haul Storage (N Richland)
123 C & D Mini-Warehouses
124 Aloha Self Storage
125 Steiner Ocean Apartments
126 Dependable Mini Storage
127 Arms Apartments
128 Cedar Hill Self Storage
129 Watson & Taylor Mini Storage
130 U-Haul Storage (Shreveport)
131 Tyler Street Self Storage
132 Locker Room Self Storage
133 All American Store & Lock
134 U-Haul Storage (Marrero)
135 Arizona Storage Inns
136 U-Haul Storage (Myrtle Beach)
137 U-Haul Storage (Jefferson)
</TABLE>
A-42
<PAGE> 43
ANNEX A
<TABLE>
<CAPTION>
SECOND LARGEST SECOND LARGEST SECOND LARGEST
TENANT TENANT TENANT MOST RECENT MOST RECENT
LEASED SF % OF TOTAL SF LEASE EXPIRATION 1994 NOI 1995 NOI NOI NOI END DATE
- -------------- -------------- ---------------- --------- ----------- ----------- ------------
<S> <C> <C> <C> <C> <C> <C>
$ 289,124 $ 325,699 07/31/96
485,819 485,819 07/31/95
407,783 407,783 07/31/95
78,036 78,036 07/31/95
222,913 258,370 06/30/96
$ 359,852 387,208 445,191 06/30/96
186,881 206,878 264,082 03/31/96
196,587 230,861 231,703 11/30/95
367,634 328,913 376,955 03/31/96
231,944 232,517 238,011 06/30/96
179,923 194,751 165,846 03/31/96
35,000 45 08/31/2005 32,956 211,683 06/30/96
247,331 257,926 07/31/96
9,600 10 11/30/96 250,417 308,068 258,642 06/30/96
158,854 168,112 165,989 06/30/96
225,161 237,636 256,533 06/30/96
196,781 231,596 07/31/96
182,577 184,183 191,985 03/31/96
256,816 264,786 287,149 06/30/96
176,761 191,234 182,620 06/30/96
236,834 269,262 302,442 06/30/96
151,861 183,705 200,762 06/30/96
175,647 174,992 197,320 06/30/96
(26,185) 106,970 150,940 06/30/96
215,834 229,225 07/31/96
94,628 94,628 12/31/95
193,173 191,181 07/31/96
199,188 195,491 189,670 06/30/96
164,178 238,106 237,477 06/30/96
191,328 189,991 189,991 12/31/95
155,252 169,385 149,758 06/30/96
201,534 299,881 299,881 10/31/95
184,703 179,609 154,908 06/30/96
121,868 146,258 147,759 06/30/96
126,078 139,157 07/31/96
25,382 120,836 154,584 06/30/96
117,802 115,524 135,702 03/31/96
60,095 111,006 124,730 06/30/96
84,318 110,007 07/31/96
89,810 93,790 98,902 06/30/96
101,750 84,025 07/31/96
52,845 67,029 07/31/96
----------- -----------
$67,986,862 $68,329,455
=========== ===========
</TABLE>
A-43
<PAGE> 44
ANNEX A
<TABLE>
<CAPTION>
MOST RECENT
LOAN STATEMENT UNDERWRITING UNDERWRITING UNDERWRITING
COUNTER PROPERTY NAME TYPE NOI CASH FLOW DSC
- ------- ----------------------------- --------------------- ------------ ------------ ------------
<C> <S> <C> <C> <C> <C>
98 U-Haul Storage (Sterling) Trailing 12 $ 315,735 $ 309,525 1.71x
99 Aggregate Loan Level Info. Trailing 12 262,739 244,593 1.25
99A Annabelle's Restaurant Trailing 12 168,565 157,624
99B Annabelle's Restaurant Trailing 12 94,174 86,969
100 Sierra Vista Self Storage Trailing 12 246,086 240,745 1.47
101 Security Public Storage Trailing 12 410,080 402,863 2.61
102 Capital City Self Storage Trailing 12 216,250 209,823 1.43
103 I Avenue Self Storage Trailing 12 202,801 198,486 1.37
104 Ambassador Self Storage Trailing 12 284,354 265,300 1.92
105 Arovista Self Storage Trailing 12 231,451 228,685 1.44
106 Willowbrook Apartments Trailing 12 220,776 198,972 1.62
107 67 East Willow Street Annualized 6 months 231,337 223,624 1.30
108 U-Haul Storage (Richmond) Trailing 12 260,508 253,013 1.77
109 Harwin Business Park Trailing 12 226,026 194,364 1.49
110 State College Self-Storage Trailing 12 167,094 164,223 1.24
111 A Storage Place Trailing 12 236,275 234,100 1.82
112 U-Haul Storage (Odenton) Trailing 12 221,491 215,401 1.63
113 UC Mini Storage Trailing 12 172,434 170,586 1.38
114 Alpine Self Storage Trailing 12 239,061 235,083 1.94
115 Capital Self-Storage Trailing 12 175,440 173,685 1.39
116 Colorow Care Center Trailing 12 216,418 205,521 1.49
117 Boston Self Storage Trailing 12 187,722 186,393 1.43
118 Waltham Self Storage Trailing 12 187,846 185,441 1.42
119 Mulberry Hill Apartments Trailing 12 144,011 134,411 1.28
120 U-Haul Storage (Oaklawn Blvd) Trailing 12 213,272 207,357 1.71
121 Farmington Court Apartments Annual 1995 111,272 99,272 1.12
122 U-Haul Storage (N Richland) Trailing 12 188,206 182,029 1.61
123 C & D Mini-Warehouses Trailing 12 172,792 166,542 1.49
124 Aloha Self Storage Trailing 12 195,183 189,743 1.79
125 Steiner Ocean Apartments Annual 1995 163,390 148,990 1.57
126 Dependable Mini Storage Annualized 6 months 170,276 167,433 1.68
127 Arms Apartments Annualized 10 months 302,467 274,995 2.07
128 Cedar Hill Self Storage Trailing 12 161,434 158,777 1.45
129 Watson & Taylor Mini Storage Trailing 12 152,643 146,355 1.69
130 U-Haul Storage (Shreveport) Trailing 12 122,480 117,842 1.40
131 Tyler Street Self Storage Trailing 12 130,610 126,381 1.53
132 Locker Room Self Storage Trailing 12 102,957 100,967 1.27
133 All American Store & Lock Trailing 12 109,772 106,537 1.37
134 U-Haul Storage (Marrero) Trailing 12 89,040 84,936 1.21
135 Arizona Storage Inns Trailing 12 99,396 97,286 1.64
136 U-Haul Storage (Myrtle Beach) Trailing 12 91,812 88,292 1.88
137 U-Haul Storage (Jefferson) Trailing 12 56,039 53,595 1.57
------------ ------------
$ 70,238,526 $ 64,863,819
============ ============
</TABLE>
A-44
<PAGE> 45
ANNEX A
<TABLE>
<CAPTION>
MARK TO CURRENT CURRENT
MARKET REPLACEMENT ANNUALIZED OTHER
COMBINED DSC RESERVES REP RESERVE PAYMENT/UNIT OR SF RESERVES
- ------------ ----------- ------------------------------ --------
<S> <C> <C> <C>
$ 22,047
8,730 $ 1.00
12,600 225.00
5,787 0.10
6,225
8,625
2,167 216.60
8,536 200.06
2,922
7,246 200.00
1,184
184,834 400.00
0.08
6,733 200.00
1.32 (1,513)
1.32 (5,542)
10,200
2,499
</TABLE>
A-45
<PAGE> 46
DISTRIBUTION OF DEBT SERVICE COVERAGE RATIOS
MORTGAGE POOL
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED
PERCENTAGE OF AVERAGE AVERAGE WEIGHTED
RANGE OF NUMBER OF AGGREGATE CUT-OFF DATE DEBT SERVICE CURRENT AVERAGE
DEBT SERVICE MORTGAGE CUT-OFF DATE PRINCIPAL COVERAGE MORTGAGE CUT-OFF DATE
COVERAGE RATIOS LOANS BALANCE BALANCE RATIO RATE LTV RATIO
- ---------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
1.05x - 1.10x 4 1.74% $ 7,953,251 1.07x 8.177% 82%
1.11 - 1.20 3 5.57 25,459,169 1.19 8.471 68
1.21 - 1.30 21 16.07 73,419,268 1.26 9.350 70
1.31 - 1.40 23 13.79 63,004,326 1.36 9.107 71
1.41 - 1.50 24 13.88 63,410,219 1.44 9.212 69
1.51 - 1.60 17 15.20 69,414,637 1.56 9.272 65
1.61 - 1.70 17 17.60 80,382,738 1.66 9.210 65
1.71 - 1.80 12 9.39 42,886,032 1.76 9.381 65
1.81 - 1.90 5 1.82 8,333,708 1.85 9.488 60
1.91 - 2.00 4 1.67 7,635,399 1.95 8.800 59
2.01 - 2.25 3 1.37 6,273,981 2.13 9.740 53
2.26 - 2.50 1 0.62 2,840,738 2.27 8.875 75
2.51 - 3.00 3 1.27 5,808,886 2.64 10.753 36
--- ------ ------------ ---- ------ --
Total/Weighted Average 137 100.00% $456,822,350 1.51x 9.208% 67%
=== ====== ============ ==== ====== ==
</TABLE>
DISTRIBUTION OF DEBT SERVICE COVERAGE RATIOS
LOAN GROUP 1
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED
PERCENTAGE OF AVERAGE DEBT AVERAGE WEIGHTED
RANGE OF NUMBER OF AGGREGATE CUT-OFF DATE SERVICE CURRENT AVERAGE
DEBT SERVICE MORTGAGE CUT-OFF DATE PRINCIPAL COVERAGE MORTGAGE CUT-OFF DATE
COVERAGE RATIOS LOANS BALANCE BALANCE RATIO RATE LTV RATIO
- ---------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
1.41x - 1.50x 2 8.33% $ 2,788,293 1.47x 8.703% 70%
1.51 - 1.60 2 29.95 10,026,336 1.59 8.531 66
1.61 - 1.70 2 53.23 17,819,780 1.67 8.531 59
2.26 - 2.50 1 8.49 2,840,738 2.27 8.875 75
--- ------ ----------- ---- ----- ---
Total/Weighted Average 7 100.00% $ 33,475,147 1.68x 8.575% 63%
=== ====== =========== ==== ===== ===
</TABLE>
A-46
<PAGE> 47
DISTRIBUTION OF DEBT SERVICE COVERAGE RATIOS
LOAN GROUP 2
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED
PERCENTAGE OF AVERAGE DEBT AVERAGE WEIGHTED
RANGE OF NUMBER OF AGGREGATE CUT-OFF DATE SERVICE CURRENT AVERAGE
DEBT SERVICE MORTGAGE CUT-OFF DATE PRINCIPAL COVERAGE MORTGAGE CUT-OFF DATE
COVERAGE RATIOS LOANS BALANCE BALANCE RATIO RATE LTV RATIO
- ---------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
1.05x - 1.10x 4 1.88% $ 7,953,251 1.07x 8.177% 82%
1.11 - 1.20 3 6.01 25,459,169 1.19 8.471 68
1.21 - 1.30 21 17.34 73,419,268 1.26 9.350 70
1.31 - 1.40 23 14.88 63,004,326 1.36 9.107 71
1.41 - 1.50 22 14.32 60,62l,926 1.45 9.236 69
1.51 - 1.60 15 14.03 59,388,300 1.55 9.397 64
1.61 - 1.70 15 14.78 62,562,958 1.66 9.403 66
1.71 - 1.80 12 10.13 42,886,032 1.76 9.381 65
1.81 - 1.90 5 1.97 8,333,708 1.85 9.488 60
1.91 - 2.00 4 1.80 7,635,399 1.95 8.800 59
2.01 - 2.25 3 1.48 6,273,981 2.13 9.740 53
2.51 - 3.00 3 1.37 5,808,886 2.64 10.753 36
--- ------ ------------ ---- ----- --
Total/Weighted Average 130 100.00% $423,347,204 1.50x 9.258% 67%
=== ====== ============ ==== ===== ==
</TABLE>
A-47
<PAGE> 48
DISTRIBUTION OF CUT-OFF DATE LOAN-TO-VALUE RATIOS
MORTGAGE POOL
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED
RANGE OF NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE
CUT-OFF DATE LOAN- MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
TO-VALUE RATIOS LOANS BALANCE BALANCE RATIO RATE LTV
- ---------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
35% - 50% 6 1.84% $ 8,385,471 2.44x 10.080% 38%
51 - 60 23 17.32 79,144,317 1.68 9.625 57
61 - 65 20 12.55 57,320,996 1.60 9.335 64
66 - 70 35 37.20 169,918,819 1.43 9.274 68
71 - 75 44 25.47 116,334,447 1.45 8.886 73
76 - 80 5 2.99 13,671,905 1.45 8.507 78
81 - 85 3 2.48 11,339,613 1.16 8.184 83
86 - 90 1 0.15 706,783 1.21 9.000 89
--- ------ ------------ ---- ----- --
Total/Weighted Average 137 100.00% $456,822,350 1.51x 9.208% 67%
=== ====== ============ ==== ===== ==
</TABLE>
DISTRIBUTION OF CUT-OFF DATE LOAN-TO-VALUE RATIOS
LOAN GROUP 1
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE DEBT AVERAGE WEIGHTED
RANGE OF NUMBER OF CUT-OFF DATE CUT-OFF DATE SERVICE MORTGAGE AVERAGE
CUT-OFF DATE MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
LOAN-TO-VALUE RATIOS LOANS BALANCE BALANCE RATIO RATE LTV
- ---------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
51% - 60% 1 39.36% $ 13,176,907 1.66x 8.531% 58%
61 - 65 2 35.98 12,043,144 1.64 8.531 64
66 - 70 2 10.90 3,649,827 1.54 8.663 67
71 - 75 2 13.76 4,605,269 1.96 8.743 73
--- ------ ----------- ---- ----- ---
Total/Weighted Average 7 100.00% $ 33,475,147 1.68x 8.575% 63%
=== ====== =========== ==== ===== ===
</TABLE>
DISTRIBUTION OF CUT-OFF DATE LOAN-TO-VALUE RATIOS
LOAN GROUP 2
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE DEBT AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE SERVICE MORTGAGE AVERAGE
RANGE OF CUT-OFF DATE MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
LOAN-TO-VALUE RATIOS LOANS BALANCE BALANCE RATIO RATE LTV
- ---------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
35% - 50% 6 1.98% $ 8,385,471 2.44x 10.080% 38%
51 - 60 22 15.58 65,967,409 1.68 9.844 57
61 - 65 18 10.70 45,277,852 1.59 9.549 64
66 - 70 33 39.27 166,268,992 1.43 9.287 68
71 - 75 42 26.39 111,729,178 1.43 8.892 73
76 - 80 5 3.23 13,671,905 1.45 8.507 78
81 - 85 3 2.68 11,339,613 1.16 8.184 83
86 - 90 1 0.17 706,783 1.21 9.000 89
--- ------ ----------- ---- ----- ---
Total/Weighted Average 130 100.00% $423,347,204 1.50x 9.258% 67%
=== ====== =========== ==== ===== ===
</TABLE>
A-48
<PAGE> 49
DISTRIBUTION OF BALLOON LOAN-TO-VALUE RATIOS
MORTGAGE POOL
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE
RANGE OF BALLOON MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
LOAN-TO-VALUE RATIOS LOANS BALANCE BALANCE RATIO RATE LTV
- -------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
Not Applicable 6 2.49% $ 11,380,317 1.91x 10.187% 51%
27% - 50% 27 11.87 54,231,879 1.75 9.585 57
51 - 60 51 38.92 177,784,409 1.55 9.364 65
61 - 65 33 32.81 149,877,211 1.38 8.942 71
66 - 70 16 9.24 42,211,232 1.43 9.041 73
71 - 75 3 4.52 20,630,520 1.48 8.612 76
76 - 80 1 0.15 706,783 1.21 9.000 89
--- ------ ----------- ---- ----- --
Total/Weighted
Average 137 100.00% $456,822,350 1.51x 9.208% 67%
=== ====== =========== ==== ===== ==
</TABLE>
DISTRIBUTION OF BALLOON LOAN-TO-VALUE RATIOS
LOAN GROUP 1
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE DEBT AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE SERVICE MORTGAGE AVERAGE
RANGE OF BALLOON MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
LOAN-TO-VALUE RATIOS LOANS BALANCE BALANCE RATIO RATE LTV
- -------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
49% - 50% 1 3.06% $ 1,023,762 1.49x 9.000% 68%
51 - 60 3 75.34 25,220,051 1.65 8.531 61
61 - 65 2 13.12 4,390,596 1.51 8.531 69
66 - 70 1 8.49 2,840,738 2.27 8.875 75
--- ------ ----------- ---- ----- ----
Total 7 100.00% $ 33,475,147 1.68x 8.575% 63%
=== ====== =========== ==== ===== ====
</TABLE>
DISTRIBUTION OF BALLOON LOAN-TO-VALUE RATIOS
LOAN GROUP 2
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE
RANGE OF BALLOON MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
LOAN-TO-VALUE RATIOS LOANS BALANCE BALANCE RATIO RATE LTV
- ---------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
Not Applicable 6 2.69% $ 11,380,317 1.91x 10.187% 51%
27% - 50% 26 12.57 53,208,117 1.75 9.596 57
51 - 60 48 36.04 152,564,358 1.53 9.502 66
61 - 65 31 34.37 145,486,615 1.38 8.954 71
66 - 70 15 9.30 39,370,494 1.37 9.053 73
71 - 75 3 4.87 20,630,520 1.48 8.612 76
76 - 80 1 0.17 706,783 1.21 9.000 89
--- ------ ------------ ---- ----- --
Total/Weighted Average 130 100.00% $423,347,204 1.50x 9.258% 67%
=== ====== ============ ==== ===== ==
</TABLE>
A-49
<PAGE> 50
DISTRIBUTION OF PROPERTY TYPES
MORTGAGE POOL
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE
MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
PROPERTY TYPE LOANS BALANCE BALANCE RATIO RATE LTV
- ------------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
Multifamily 41 24.82% $113,396,460 1.45x 8.558% 70%
Office 18 24.38 111,392,577 1.56 9.451 67
Self-Storage/Mini-Storage 47 16.41 74,954,497 1.53 9.434 65
Retail 12 13.85 63,287,887 1.58 9.794 63
Mobile Home Park 5 12.61 57,599,584 1.27 8.597 70
Lodging 3 3.68 16,831,882 1.76 9.741 64
Nursing Home 7 3.08 14,059,990 1.99 10.117 63
Industrial/Warehouse 3 0.81 3,701,102 1.42 9.674 68
Restaurant 1 0.35 1,598,372 1.25 11.950 52
--- ------ ------------ ---- ------ --
Total/Weighted Average 137 100.00% $456,822,350 1.51x 9.208% 67%
=== ====== ============ ==== ====== ==
</TABLE>
DISTRIBUTION OF PROPERTY TYPES
LOAN GROUP 1
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE DEBT AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE SERVICE MORTGAGE AVERAGE
MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
PROPERTY TYPE LOANS BALANCE BALANCE RATIO RATE LTV
- ---------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
Multifamily 5 88.46% $ 29,610,647 1.63x 8.531% 62%
Nursing Home 1 8.49 2,840,738 2.27 8.875 75
Industrial/Warehouse 1 3.06 1,023,762 1.49 9.000 68
--- ------ ----------- ---- ----- --
Total/Weighted Average 7 100.00% $ 33,475,147 1.68x 8.575% 63%
=== ====== =========== ==== ===== ===
</TABLE>
DISTRIBUTION OF PROPERTY TYPES
LOAN GROUP 2
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE
MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
PROPERTY TYPE LOANS BALANCE BALANCE RATIO RATE LTV
- ------------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
Office 18 26.31% $111,392,577 1.56x 9.451% 67%
Multifamily 36 19.79 83,785,813 1.39 8.567 73
Self-Storage/Mini-Storage 47 17.71 74,954,497 1.53 9.434 65
Retail 12 14.95 63,287,887 1.58 9.794 63
Mobile Home Park 5 13.61 57,599,584 1.27 8.597 70
Lodging 3 3.98 16,831,882 1.76 9.741 64
Nursing Home 6 2.65 11,219,252 1.92 10.432 60
Industrial/Warehouse 2 0.63 2,677,340 1.39 9.931 68
Restaurant 1 0.38 1,598,372 1.25 11.950 52
--- ------ ------------ ---- ----- --
Total 130 100.00% $423,347,204 1.50x 9.258% 67%
=== ====== ============ ==== ===== ==
</TABLE>
A-50
<PAGE> 51
DISTRIBUTION OF PROPERTY STATES
MORTGAGE POOL
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE
MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
PROPERTY STATE LOANS BALANCE BALANCE RATIO RATE LTV
- -------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
California 22 17.17% $ 78,452,484 1.49x 9.486% 67%
Florida 10 10.98 50,179,408 1.53 9.013 69
Illinois 3 8.57 39,149,837 1.22 8.592 68
Texas 20 8.16 37,279,516 1.56 9.021 66
New York 18 8.05 36,773,610 1.48 9.039 71
Connecticut 3 5.51 25,160,62l 1.55 8.750 72
Arizona 6 4.95 22,599,189 1.65 9.026 63
Tennessee 2 4.52 20,659,258 1.60 9.523 62
Colorado 9 4.47 20,402,019 1.52 9.195 69
Virginia 7 3.63 16,600,764 1.71 9.489 59
District of Columbia 2 3.18 14,540,000 1.74 9.813 69
Washington 1 2.71 12,382,600 1.59 9.907 57
Georgia 3 2.53 11,575,718 1.15 8.656 80
Louisiana 4 2.01 9,187,690 1.57 8.853 70
Wisconsin 1 1.65 7,537,500 1.28 9.988 72
New Jersey 4 1.61 7,370,838 1.63 8.877 64
Massachusetts 5 1.56 7,147,840 1.62 9.500 67
New Mexico 3 1.33 6,098,517 1.81 10.750 51
Pennsylvania 2 1.14 5,216,276 1.25 8.199 77
Nebraska 1 1.14 5,200,000 1.51 9.558 65
Wyoming 1 1.09 4,991,997 1.41 9.670 65
North Carolina 3 1.02 4,640,769 1.50 10.754 57
Michigan 1 0.71 3,254,885 2.22 9.560 56
Delaware 1 0.55 2,515,311 1.51 8.000 71
Kansas 1 0.50 2,289,155 1.30 9.875 72
Minnesota 1 0.45 2,040,334 1.79 9.875 55
Idaho 1 0.42 1,935,095 1.52 9.490 57
Maryland 1 0.27 1,243,224 1.63 9.000 54
South Carolina 1 0.09 397,896 1.88 9.000 39
--- ------ ------------ ---- ----- --
Total/Weighted
Average 137 100.00% $456,822,350 1.51x 9.208% 67%
=== ====== ============ ==== ===== ==
</TABLE>
A-51
<PAGE> 52
DISTRIBUTION OF PROPERTY STATES
LOAN GROUP 1
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE DEBT AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE SERVICE MORTGAGE AVERAGE
MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
PROPERTY STATE LOANS BALANCE BALANCE RATIO RATE LTV
- -------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
Texas 4 49.09% $ 16,433,740 1.60x 8.531% 65%
Arizona 2 47.85 16,017,645 1.77 8.592 61
New Jersey 1 3.06 1,023,762 1.49 9.000 68
--- ----- ----------- ---- ----- --
Total 7 100.00% $ 33,475,147 1.68x 8.575% 63%
=== ===== =========== ==== ===== ===
</TABLE>
DISTRIBUTION OF PROPERTY STATES
LOAN GROUP 2
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE
MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
PROPERTY STATE LOANS BALANCE BALANCE RATIO RATE LTV
- -------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
California 22 18.53% $ 78,452,484 1.49x 9.486% 67%
Florida 10 11.85 50,179,408 1.53 9.013 69
Illinois 3 9.25 39,149,837 1.22 8.592 68
New York 18 8.69 36,773,610 1.48 9.039 71
Connecticut 3 5.94 25,160,621 1.55 8.750 72
Texas 16 4.92 20,845,776 1.53 9.406 66
Tennessee 2 4.88 20,659,258 1.60 9.523 62
Colorado 9 4.82 20,402,019 1.52 9.195 69
Virginia 7 3.92 16,600,764 1.71 9.489 59
District of Columbia 2 3.43 14,540,000 1.74 9.813 69
Washington 1 2.92 12,382,600 1.59 9.907 57
Georgia 3 2.73 11,575,718 1.15 8.656 80
Louisiana 4 2.17 9,187,690 1.57 8.853 70
Wisconsin 1 1.78 7,537,500 1.28 9.988 72
Massachusetts 5 1.69 7,147,840 1.62 9.500 67
Arizona 4 1.55 6,581,544 1.37 10.081 67
New Jersey 3 1.50 6,347,076 1.65 8.857 64
New Mexico 3 1.44 6,098,517 1.81 10.750 51
Pennsylvania 2 1.23 5,216,276 1.25 8.199 77
Nebraska 1 1.23 5,200,000 1.51 9.558 65
Wyoming 1 1.18 4,991,997 1.41 9.670 65
North Carolina 3 1.10 4,640,769 1.51 10.754 57
Michigan 1 0.77 3,254,885 2.22 9.560 56
Delaware 1 0.59 2,515,311 1.51 8.000 71
Kansas 1 0.54 2,289,155 1.30 9.875 72
Minnesota 1 0.48 2,040,334 1.79 9.875 55
Idaho 1 0.46 1,935,095 1.52 9.490 57
Maryland 1 0.29 1,243,224 1.63 9.000 54
South Carolina 1 0.09 397,896 1.88 9.000 39
--- ------ ------------ ---- -----
--
Total 130 100.00% $423,347,204 1.50x 9.258% 67%
=== ====== ============ ==== ===== ==
</TABLE>
A-52
<PAGE> 53
DISTRIBUTION OF CUT-OFF DATE BALANCES
MORTGAGE POOL
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED
PERCENTAGE OF AVERAGE AVERAGE WEIGHTED
NUMBER OF AGGREGATE CUT-OFF DATE DEBT SERVICE CURRENT AVERAGE
CUT-OFF DATE MORTGAGE CUT-OFF DATE PRINCIPAL COVERAGE MORTGAGE CUT-OFF DATE
PRINCIPAL BALANCES LOANS BALANCE BALANCE RATIO RATE LTV RATIO
- ------------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
$ 137,790 - $ 499,999 7 0.53% $ 2,409,938 1.36x 8.301% 66%
500,000 - 999,999 17 2.92 13,327,582 1.59 9.358 64
1,000,000 - 1,999,999 46 14.86 67,898,854 1.54 9.276 66
2,000,000 - 2,999,999 19 10.14 46,321,404 1.55 9.098 69
3,000,000 - 3,999,999 12 9.30 42,501,67l 1.68 9.556 63
4,000,000 - 4,999,999 10 9.71 44,341,625 1.40 9.134 69
5,000,000 - 5,999,999 6 6.94 31,683,485 1.40 9.250 70
6,000,000 - 6,999,999 5 7.04 32,150,453 1.53 9.089 72
7,000,000 - 7,999,999 3 4.84 22,110,502 1.46 8.856 70
8,000,000 - 8,999,999 2 3.69 16,862,341 1.55 9.791 67
9,000,000 - 9,999,999 2 4.19 19,150,000 1.59 9.046 72
10,000,000 - 11,999,999 1 2.60 11,876,625 1.65 9.825 68
12,000,000 - 13,999,999 4 11.10 50,729,161 1.48 8.947 63
14,000,000 - 16,999,999 2 6.89 31,487,890 1.62 9.702 63
20,000,000 - 24,999,999 1 5.25 23,970,819 1.19 8.500 68
--- ------ ------------ ---- ----- --
Total/Weighted Average 137 100.00% $456,822,350 1.51x 9.208% 67%
=== ====== ============ ==== ===== ==
</TABLE>
DISTRIBUTION OF CUT-OFF DATE BALANCES
LOAN GROUP 1
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED
PERCENTAGE OF AVERAGE DEBT AVERAGE WEIGHTED
NUMBER OF AGGREGATE CUT-OFF DATE SERVICE CURRENT AVERAGE
CUT-OFF DATE MORTGAGE CUT-OFF DATE PRINCIPAL COVERAGE MORTGAGE CUT-OFF DATE
PRINCIPAL BALANCES LOANS BALANCE BALANCE RATIO RATE LTV RATIO
- ------------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
$ 1,000,000 - $ 1,999,999 2 8.33% $ 2,788,293 1.47x 8.703% 70%
2,000,000 - 2,999,999 2 16.33 5,466,802 1.93 8.710 71
4,000,000 - 4,999,999 1 13.87 4,642,872 1.69 8.531 63
7,000,000 - 7,999,999 1 22.11 7,400,272 1.60 8.531 65
12,000,000 - 13,999,999 1 39.36 13,176,907 1.66 8.531 58
--- ------ ----------- ---- ----- ----
7 100.00% $ 33,475,147 1.68x 8.575% 63%
Total === ====== =========== ==== ===== ====
</TABLE>
A-53
<PAGE> 54
DISTRIBUTION OF CUT-OFF DATE BALANCES
LOAN GROUP 2
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED
PERCENTAGE OF AVERAGE DEBT AVERAGE WEIGHTED
NUMBER OF AGGREGATE CUT-OFF DATE SERVICE CURRENT AVERAGE
CUT-OFF DATE MORTGAGE CUT-OFF DATE PRINCIPAL COVERAGE MORTGAGE CUT-OFF DATE
PRINCIPAL BALANCES LOANS BALANCE BALANCE RATIO RATE LTV RATIO
- ------------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
$ 137,790 - $ 499,999 7 0.57% $ 2,409,938 1.36x 8.301% 66%
500,000 - 999,999 17 3.15 13,327,582 1.59 9.358 64
1,000,000 - 1,999,999 44 15.38 65,110,560 1.55 9.300 66
2,000,000 - 2,999,999 17 9.65 40,854,601 1.50 9.150 68
3,000,000 - 3,999,999 12 10.04 42,501,671 1.68 9.556 63
4,000,000 - 4,999,999 9 9.38 39,698,753 1.36 9.205 70
5,000,000 - 5,999,999 6 7.48 31,683,485 1.40 9.250 70
6,000,000 - 6,999,999 5 7.59 32,150,453 1.53 9.089 72
7,000,000 - 7,999,999 2 3.47 14,710,230 1.39 9.019 73
8,000,000 - 8,999,999 2 3.98 16,862,341 1.55 9.791 67
9,000,000 - 9,999,999 2 4.52 19,150,000 1.59 9.046 72
10,000,000 - 11,999,999 1 2.81 11,876,625 1.65 9.825 68
12,000,000 - 13,999,999 3 8.87 37,552,254 1.42 9.093 65
14,000,000 - 16,999,999 2 7.44 31,487,890 1.62 9.702 63
20,000,000 - 24,999,999 1 5.66 23,970,819 1.19 8.500 68
--- ------ ------------ ---- ----- ---
Total/Weighted Average 130 100.00% $423,347,204 1.50x 9.258% 67%
=== ====== ============ ==== ===== ===
</TABLE>
A-54
<PAGE> 55
DISTRIBUTION OF YEAR OF ORIGINATION
MORTGAGE POOL
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE
MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
YEAR OF ORIGINATION LOANS BALANCE BALANCE RATIO RATE LTV
- ------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
1993 5 1.24% $ 5,642,654 1.70x 9.000% 55%
1994 13 8.91 40,684,426 1.64 8.972 62
1995 29 17.99 82,180,604 1.47 8.759 70
1996 90 71.87 328,314,666 1.51 9.353 67
--- ------ ------------ ---- ----- --
Total/Weighted
Average 137 100.00% $456,822,350 1.51x 9.208% 67%
=== ====== ============ ==== ===== ==
</TABLE>
DISTRIBUTION OF YEAR OF ORIGINATION
LOAN GROUP 1
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE
MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
YEAR OF ORIGINATION LOANS BALANCE BALANCE RATIO RATE LTV
- ---------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
1994 5 88.46% $ 29,6l0,647 1.63x 8.531% 62%
1996 2 11.54 3,864,500 2.07 8.908 73
- ------ ---------- ---- ----- --
Total/Weighted Average 7 100.00% $ 33,475,147 1.68x 8.575% 63%
= ====== ========== ==== ===== ==
</TABLE>
DISTRIBUTION OF YEAR OF ORIGINATION
LOAN GROUP 2
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE AVERAGE
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE CUT-OFF
MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST DATE
YEAR OF ORIGINATION LOANS BALANCE BALANCE RATIO RATE LTV
- ---------------------- --------- ------------- ------------ ------------ -------- --------
<S> <C> <C> <C> <C> <C> <C>
1993 5 1.33% $ 5,642,654 1.70x 9.000% 55%
1994 8 2.62 11,073,779 1.66 10.152 61
1995 29 19.41 82,180,604 1.47 8.759 70
1996 88 76.64 324,450,167 1.50 9.358 67
--- ------ ------------ ---- ------ --
Total/Weighted Average 130 100.00% $423,347,204 1.50x 9.258% 67%
=== ====== ============ ==== ====== ==
</TABLE>
A-55
<PAGE> 56
DISTRIBUTION OF CURRENT MORTGAGE RATES
MORTGAGE POOL
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED
PERCENTAGE OF AVERAGE AVERAGE WEIGHTED
NUMBER OF AGGREGATE CUT-OFF DATE DEBT SERVICE CURRENT AVERAGE
RANGE OF MORTGAGE MORTGAGE CUT-OFF DATE PRINCIPAL COVERAGE MORTGAGE CUT-OFF DATE
INTEREST RATES LOANS BALANCE BALANCE RATIO RATE LTV RATIO
- ---------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
7.501% - 7.750% 1 0.96% $ 4,371,318 1.79x 7.750% 72%
7.751 - 8.000 17 5.50 25,135,809 1.41 8.000 73
8.001 - 8.250 7 6.03 27,566,818 1.32 8.181 77
8.251 - 8.500 3 6.48 29,623,316 1.32 8.488 67
8.501 - 8.750 14 16.72 76,387,996 1.53 8.639 67
8.751 - 9.000 27 12.85 58,705,070 1.51 8.940 68
9.001 - 9.250 6 3.61 16,480,660 1.53 9.120 70
9.251 - 9.500 11 6.64 30,329,576 1.47 9.408 67
9.501 - 9.750 14 15.40 70,366,301 1.52 9.683 65
9.751 - 10.000 16 15.04 68,709,337 1.57 9.911 64
10.001 - 10.250 13 6.42 29,336,993 1.60 10.097 67
10.251 - 10.500 1 0.72 3,271,473 1.26 10.500 66
10.501 - 10.750 5 2.45 11,172,431 1.68 10.717 58
10.751 - 11.950 2 1.17 5,365,254 2.24 11.459 40
--- ------ ------------ ---- ----- --
Total/Weighted Average 137 100.00% $456,822,350 1.51x 9.208% 67%
=== ====== ============ ==== ===== ==
</TABLE>
DISTRIBUTION OF CURRENT MORTGAGE RATES
LOAN GROUP 1
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED
PERCENTAGE OF AVERAGE AVERAGE WEIGHTED
RANGE OF NUMBER OF AGGREGATE CUT-OFF DATE DEBT SERVICE CURRENT AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE PRINCIPAL COVERAGE MORTGAGE CUT-OFF DATE
INTEREST RATES LOANS BALANCE BALANCE RATIO RATE LTV RATIO
- ---------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
8.501% - 8.750% 5 88.46% $29,610,647 1.63x 8.531% 62%
8.751 - 9.000 2 11.54 3,864,500 2.07 8.908 73
--- ------ ----------- ---- ----- --
Total/Weighted Average 7 100.00% $33,475,147 1.68x 8.575% 63%
=== ====== =========== ==== ===== ==
</TABLE>
A-56
<PAGE> 57
DISTRIBUTION OF CURRENT MORTGAGE RATES
LOAN GROUP 2
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED
PERCENTAGE OF AVERAGE AVERAGE WEIGHTED
NUMBER OF AGGREGATE CUT-OFF DATE DEBT SERVICE CURRENT AVERAGE
RANGE OF MORTGAGE CUT-OFF DATE PRINCIPAL COVERAGE MORTGAGE CUT-OFF DATE
MORTGAGE INTEREST RATES LOANS BALANCE BALANCE RATIO RATE LTV RATIO
- ----------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
7.501% - 7.750% 1 1.03% $ 4,371,318 1.79x 7.750% 72%
7.751 - 8.000 17 5.94 25,135,809 1.41 8.000 73
8.001 - 8.250 7 6.51 27,566,818 1.32 8.181 77
8.251 - 8.500 3 7.00 29,623,316 1.32 8.488 67
8.501 - 8.750 9 11.05 46,777,349 1.47 8.708 70
8.751 - 9.000 25 12.95 54,840,570 1.48 8.942 68
9.001 - 9.250 6 3.89 16,480,660 1.53 9.120 70
9.251 - 9.500 11 7.16 30,329,576 1.47 9.408 67
9.501 - 9.750 14 16.62 70,366,301 1.52 9.683 65
9.751 - 10.000 16 16.23 68,709,337 1.57 9.911 64
10.001 - 10.250 13 6.93 29,336,993 1.60 10.097 67
10.251 - 10.500 1 0.77 3,271,473 1.26 10.500 66
10.501 - 10.750 5 2.64 11,172,431 1.68 10.717 58
10.751 - 11.950 2 1.27 5,365,254 2.24 11.459 40
--- ------ ------------ ---- ------
Total/Weighted Average 130 100.00% $423,347,204 1.50x 9.258% 67%
=== ====== ============ ==== ====== ==
</TABLE>
A-57
<PAGE> 58
DISTRIBUTION OF PAYMENT TYPES
MORTGAGE POOL
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE
MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
PAYMENT TYPE LOANS BALANCE BALANCE RATIO RATE LTV
- ---------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
Amortizing Balloon 112 76.89% $351,250,284 1.48x 9.070% 68%
IO then Amort. Balloon 10 18.73 85,557,225 1.56 9.664 67
Cash Flow Balloon 9 1.89 8,634,525 1.63 9.000 62
Fully Amortizing 6 2.49 11,380,317 1.91 10.187 51
--
--- ------ ------------ ---- ------
Total/Weighted Average 137 100.00% $456,822,350 1.51x 9.208% 67%
=== ====== ============ ==== ====== ==
</TABLE>
DISTRIBUTION OF PAYMENT TYPES
LOAN GROUP 1
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE AVERAGE
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE CUT-OFF
MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST DATE
PAYMENT TYPE LOANS BALANCE BALANCE RATIO RATE LTV
- ---------------------- --------- ------------- ------------ ------------ -------- --------
<S> <C> <C> <C> <C> <C> <C>
Amortizing Balloon 7 100.00% $33,475,147 1.68x 8.575% 63%
- ------ ---------- ---- ----- ==
Total/Weighted Average 7 100.00% $33,475,147 1.68x 8.575% 63%
= ====== ========== ==== ===== ==
</TABLE>
DISTRIBUTION OF PAYMENT TYPES
LOAN GROUP 2
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE DEBT AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE SERVICE MORTGAGE AVERAGE
MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE
PAYMENT TYPE LOANS BALANCE BALANCE RATIO RATE LTV
- ---------------------- --------- ------------- ------------ ------------ -------- ------------
<S> <C> <C> <C> <C> <C> <C>
Amortizing Balloon 105 75.06% $317,775,137 1.46x 9.122% 68%
IO then Amort. Balloon 10 20.21 85,557,225 1.56 9.664 67
Cash Flow Balloon 9 2.04 8,634,525 1.63 9.000 62
Fully Amortizing 6 2.69 11,380,317 1.91 10.187 51
--- ------ ------------ ---- ----- ---
Total/Weighted Average 130 100.00% $423,347,204 1.50x 9.258% 67%
=== ====== ============ ==== ===== ===
</TABLE>
A-58
<PAGE> 59
DISTRIBUTION OF SEASONING
MORTGAGE POOL
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE WEIGHTED
RANGE OF MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE AVERAGE
SEASONING (MOS.) LOANS BALANCE BALANCE RATIO RATE LTV SEASONING
- ---------------------- --------- ------------- ------------ ------------ -------- ------------ ---------
<S> <C> <C> <C> <C> <C> <C> <C>
New Loan 1 1.88% $ 8,585,000 1.79x 9.850% 66% 0
1 - 5 49 45.31 206,965,161 1.48 9.500 66 3
6 - 10 59 30.28 138,305,604 1.51 8.933 70 8
11 - 20 10 12.40 56,639,505 1.48 8.903 69 15
21 - 30 13 8.91 40,684,426 1.64 8.972 62 25
31 - 40 5 1.24 5,642,654 1.70 9.000 55 35
--- ------ ------------ ---- ----- -- --
Total/Weighted Average 137 100.00% $456,822,350 1.51x 9.208% 67% 8
=== ====== ============ ==== ===== == ==
</TABLE>
DISTRIBUTION OF SEASONING
LOAN GROUP 1
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE WEIGHTED
RANGE OF MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE AVERAGE
SEASONING (MOS.) LOANS BALANCE BALANCE RATIO RATE LTV SEASONING
- ----------------- --------- ------------- ------------ ------------ -------- ------------ ---------
<S> <C> <C> <C> <C> <C> <C> <C>
4 - 5 2 11.54% $ 3,864,500 2.07x 8.908% 73% 4
21 - 30 5 88.46 29,610,647 1.63 8.531 62 25
--- ------ ----------- ---- ----- --- ---
Total 7 100.00% $ 33,475,147 1.68x 8.575% 63% 23
=== ====== =========== ==== ===== === ===
</TABLE>
DISTRIBUTION OF SEASONING
LOAN GROUP 2
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED
AGGREGATE AVERAGE DEBT AVERAGE WEIGHTED WEIGHTED
NUMBER OF CUT-OFF DATE CUT-OFF DATE SERVICE MORTGAGE AVERAGE AVERAGE
RANGE OF MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE SEASONING
SEASONING (MOS.) LOANS BALANCE BALANCE RATIO RATE LTV (MOS.)
- ----------------- --------- ------------- ------------ ------------ -------- ------------ ---------
<S> <C> <C> <C> <C> <C> <C> <C>
New Loan 1 2.03% $ 8,585,000 1.79 9.850% 66% 0
1 - 5 47 47.97 203,100,662 1.47 9.512 66 3
6 - 10 59 32.67 138,305,604 1.51 8.933 70 8
11 - 20 10 13.38 56,639,505 1.48 8.903 69 15
21 - 30 8 2.62 11,073,779 1.66 10.152 61 24
31 - 40 5 1.33 5,642,654 1.70 9.000 55 35
--- ------ ------------ ---- ------ -- --
Total 130 100.00% $423,347,204 1.50 9.258% 67% 7
=== ====== ============ ==== ====== == ==
</TABLE>
A-59
<PAGE> 60
DISTRIBUTION OF REMAINING TERMS TO MATURITY
MORTGAGE POOL
<TABLE>
<CAPTION> WEIGHTED
PERCENTAGE OF WEIGHTED WEIGHTED AVERAGE
AGGREGATE AVERAGE AVERAGE WEIGHTED REMAINING
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE TERM TO
RANGE OF REMAINING MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE MATURITY
TERMS TO MATURITY (MOS.) LOANS BALANCE BALANCE RATIO RATE LTV (MOS.)
- ------------------------ --------- ------------- ------------ ------------ -------- ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
31 - 60 14 19.50% $ 89,066,273 1.47x 9.409% 68% 53
61 - 90 23 21.08 96,293,910 1.50 9.130 67 76
91 - 120 86 52.13 238,159,506 1.54 9.174 66 111
151 - 180 11 6.18 28,215,104 1.50 9.059 68 172
181 - 210 1 0.26 1,187,252 1.28 8.125 79 182
211 - 240 1 0.35 1,598,372 1.25 11.950 52 239
271 - 300 1 0.50 2,301,934 1.59 8.625 72 292
--- ------ ------------ ---- ----- -- ---
Total/Weighted Average 137 100.00% $456,822,350 1.51x 9.208% 67% 98
=== ====== ============ ==== ===== == ===
</TABLE>
DISTRIBUTION OF REMAINING TERMS TO MATURITY
LOAN GROUP 1
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED WEIGHTED
AGGREGATE AVERAGE DEBT AVERAGE WEIGHTED AVERAGE
NUMBER OF CUT-OFF DATE CUT-OFF DATE SERVICE MORTGAGE AVERAGE REMAINING
RANGE OF REMAINING MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE TERM TO
TERMS TO MATURITY LOANS BALANCE BALANCE RATIO RATE LTV MATURITY
- ---------------------- --------- ------------- ------------ ------------ -------- ------------ ---------
<S> <C> <C> <C> <C> <C> <C> <C>
61 - 90 1 8.49% $ 2,840,738 2.27x 8.875% 75% 80
91 - 120 6 91.51 30,634,409 1.62 8.547 62 96
-- ------ ------------ ---- ----- -- --
Total/Weighted Average 7 100.00% $ 33,475,147 1.68x 8.575% 63% 94
== ====== ============ ==== ===== == ==
</TABLE>
DISTRIBUTION OF REMAINING TERMS TO MATURITY
LOAN GROUP 2
<TABLE>
<CAPTION> WEIGHTED
PERCENTAGE OF WEIGHTED WEIGHTED AVERAGE
AGGREGATE AVERAGE DEBT AVERAGE WEIGHTED REMAINING
NUMBER OF CUT-OFF DATE CUT-OFF DATE SERVICE MORTGAGE AVERAGE TERM TO
RANGE OF REMAINING MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE MATURITY
TERMS TO MATURITY (MOS.) LOANS BALANCE BALANCE RATIO RATE LTV (MOS.)
- ------------------------ --------- ------------- ------------ ------------ -------- ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C>
31 - 60 14 21.04% $ 89,066,273 1.47x 9.409% 68% 53
61 - 90 22 22.07 93,453,173 1.47 9.138 67 76
91 - 120 80 49.02 207,525,097 1.53 9.267 67 114
151 - 180 11 6.66 28,215,104 1.50 9.059 68 172
181 - 210 1 0.28 1,187,252 1.28 8.125 79 182
211 - 240 1 0.38 1,598,372 1.25 11.950 52 239
271 - 300 1 0.54 2,301,934 1.59 8.625 72 292
--- ------ ------------ ---- ----- --- ---
Total/Weighted Average 130 100.00% $423,347,204 1.50x 9.258% 67% 98
=== ====== ============ ==== ===== === ===
</TABLE>
A-60
<PAGE> 61
DISTRIBUTION OF ORIGINAL AMORTIZATION TERMS
MORTGAGE POOL
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED AVERAGE
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE ORIGINAL
RANGE OF ORIGINAL MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE AMORTIZATION
AMORTIZATION TERMS (MOS.) LOANS BALANCE BALANCE RATIO RATE LTV TERM (MOS.)
- ------------------------- --------- ------------- ------------ ------------ -------- ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C>
91 - 120 1 0.21% $ 938,228 2.07x 8.125% 36% 120
151 - 180 4 1.73 7,924,219 2.01 10.453 49 180
211 - 240 10 5.97 27,286,162 1.73 10.094 63 240
241 - 270 1 1.43 6,554,925 1.61 9.020 69 241
271 - 300 83 53.73 245,468,017 1.54 9.367 67 300
301 - 330 3 2.63 12,028,128 1.38 8.964 73 324
331 - 360 35 34.29 156,622,67l 1.41 8.775 69 358
--- ------ ------------ ---- ------ -- ---
Total/Weighted Average 137 100.00% $456,822,350 1.51x 9.208% 67% 314
=== ====== ============ ==== ===== == ===
</TABLE>
DISTRIBUTION OF ORIGINAL AMORTIZATION TERMS
LOAN GROUP 1
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED AVERAGE
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE ORIGINAL
RANGE OF ORIGINAL MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE AMORTIZATION
AMORTIZATION TERMS (MOS.) LOANS BALANCE BALANCE RATIO RATE LTV TERM (MOS.)
- ------------------------- --------- ------------- ------------ ------------ -------- ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C>
211 - 240 1 3.06% $ 1,023,762 1.49x 9.000% 68% 240
271 - 300 1 8.49 2,840,738 2.27 8.875 75 300
331 - 360 5 88.46 29,610,647 1.63 8.531 62 360
--- ------ ------------ ---- ----- -- ---
Total/Weighted Average 7 100.00% $ 33,475,147 1.68x 8.575% 63% 351
=== ====== ============ ==== ===== == ===
</TABLE>
DISTRIBUTION OF ORIGINAL AMORTIZATION TERMS
LOAN GROUP 2
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE AVERAGE AVERAGE
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE CUT-OFF ORIGINAL
RANGE OF ORIGINAL MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST DATE AMORTIZATION
AMORTIZATION TERMS (MOS.) LOANS BALANCE BALANCE RATIO RATE LTV TERM (MOS.)
- ------------------------- --------- ------------- ------------ ------------ -------- -------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
91 - 120 1 0.22% $ 938,228 2.07x 8.125% 36% 120
151 - 180 4 1.87 7,924,219 2.01 10.453 49 180
211 - 240 9 6.20 26,262,400 1.73 10.136 63 240
241 - 270 1 1.55 6,554,925 1.61 9.020 69 241
271 - 300 82 57.31 242,627,279 1.53 9.372 67 300
301 - 330 3 2.84 12,028,128 1.38 8.964 73 324
331 - 360 30 30.00 127,012,024 1.36 8.832 70 357
--- ------ ------------ ---- ------ -- ---
Total/Weighted Average 130 100.00% $423,347,204 1.50x 9.258% 67% 311
=== ====== ============ ==== ===== == ===
</TABLE>
A-61
<PAGE> 62
DISTRIBUTION OF REMAINING AMORTIZATION TERMS
MORTGAGE POOL
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED AVERAGE
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE REMAINING
RANGE OF REMAINING MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE AMORTIZATION
AMORTIZATION TERMS (MOS.) LOANS BALANCE BALANCE RATIO RATE LTV TERM (MOS.)
- ------------------------- --------- ------------- ------------ ------------ -------- ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C>
91 - 120 1 0.21% $ 938,228 2.07x 8.125% 36% 109
151 - 180 5 1.82 8,322,115 2.01 10.383 49 176
181 - 210 1 0.35 l,605,796 1.71 9.000 55 204
211 - 240 16 7.21 32,942,945 1.73 9.935 62 236
241 - 270 3 1.77 8,078,508 1.56 9.016 71 244
271 - 300 74 51.84 236,833,492 1.53 9.380 67 296
301 - 330 3 2.63 12,028,128 1.38 8.964 73 322
331 - 360 34 34.16 156,073,137 1.41 8.768 69 349
--- ------ ------------ ---- ------ -- ---
Total/Weighted Average 137 100.00% $456,822,350 1.51x 9.208% 67% 306
=== ====== ============ ==== ===== == ===
</TABLE>
DISTRIBUTION OF REMAINING AMORTIZATION TERMS
LOAN GROUP 1
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED AVERAGE
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE REMAINING
RANGE OF REMAINING MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE AMORTIZATION
AMORTIZATION TERMS (MOS.) LOANS BALANCE BALANCE RATIO RATE LTV TERM (MOS.)
- ------------------------- --------- ------------- ------------ ------------ -------- ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C>
211 - 240 1 3.06% $ 1,023,762 1.49x 9.000% 68% 236
271 - 300 1 8.49 2,840,738 2.27 8.875 75 296
331 - 360 5 88.46 29,610,647 1.63 8.531 62 334
--- ------ ----------- ---- ----- -- ---
Total/Weighted Average 7 100.00% $ 33,475,147 1.68x 8.575% 63% 328
=== ====== =========== ==== ===== == ===
</TABLE>
DISTRIBUTION OF REMAINING AMORTIZATION TERMS
LOAN GROUP 2
<TABLE>
<CAPTION>
PERCENTAGE OF WEIGHTED WEIGHTED WEIGHTED
AGGREGATE AVERAGE AVERAGE WEIGHTED AVERAGE
NUMBER OF CUT-OFF DATE CUT-OFF DATE DEBT SERVICE MORTGAGE AVERAGE REMAINING
RANGE OF REMAINING MORTGAGE PRINCIPAL PRINCIPAL COVERAGE INTEREST CUT-OFF DATE AMORTIZATION
AMORTIZATION TERMS (MOS.) LOANS BALANCE BALANCE RATIO RATE LTV TERM (MOS.)
- ------------------------- --------- ------------- ------------ ------------ -------- ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C>
91 - 120 1 0.22% $ 938,228 2.07x 8.125% 36% 109
151 - 180 5 1.97 8,322,115 2.01 10.383 49 176
181 - 210 1 0.38 1,605,796 1.71 9.000 55 204
211 - 240 15 7.54 31,919,183 1.74 9.965 62 236
241 - 270 3 1.91 8,078,508 1.56 9.016 71 244
271 - 300 73 55.27 233,992,754 1.53 9.386 67 296
301 - 330 3 2.84 12,028,128 1.38 8.964 73 322
331 - 360 29 29.87 126,462,490 1.36 8.823 70 352
--- ------ ------------ ---- ----- -- ---
Total/Weighted Average 130 100.00% $423,347,204 1.50x 9.258% 67% 305
=== ====== ============ ==== ===== == ===
</TABLE>
A-62
<PAGE> 63
PREPAYMENT LOCK-OUT/PREPAYMENT PREMIUM ANALYSIS
OUTSTANDING PRINCIPAL BALANCE ANALYSIS
MORTGAGE POOL
<TABLE>
<CAPTION>
DEC. 1, 1996 DEC. 1, 1997 DEC. 1, 1998 DEC. 1, 1999 DEC. 1, 2000 DEC. 1, 2001
------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Locked Out 19.94% 18.34% 13.33% 8.14% 6.39% 4.61%
Yield Maintenance 72.86 74.46 79.45 77.09 75.49 77.11
5.00 - 5.99% 0.00 0.00 0.00 0.96 0.00 0.00
4.00 - 4.99% 0.00 0.00 0.00 0.00 0.99 0.00
3.00 - 3.99% 6.48 0.00 0.00 0.82 0.00 1.12
2.00 - 2.99% 0.72 7.21 0.00 0.43 0.84 0.00
1.00 - 1.99% 0.00 0.00 7.22 6.03 3.40 0.95
No Penalty 0.00 0.00 0.00 6.52 12.89 16.21
------ ------ ------ ------ ------ ------
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
====== ====== ====== ====== ====== ======
Aggregate Principal Balance
of the Mortgage Loans
($ Millions)(a) $ 456.82 $ 452.26 $ 446.67 $ 440.54 $ 423.90 $ 365.85
Percentage of Aggregate
Cut-off Date Balance of
the Mortgage Loans
Outstanding 100.00% 99.00% 97.78% 96.44% 92.79% 80.09%
<CAPTION>
DEC. 1, 2002 DEC. 1, 2003 DEC. 1, 2004 DEC. 1, 2005 DEC. 1, 2006
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
Locked Out 5.08% 6.30% 7.33% 5.38% 0.00%
Yield Maintenance 72.28 73.85 84.10 47.36 29.28
5.00 - 5.99% 0.00 0.00 0.00 2.29 45.57
4.00 - 4.99% 0.00 0.00 0.00 0.00 17.94
3.00 - 3.99% 1.24 0.54 0.00 0.00 0.00
2.00 - 2.99% 1.23 1.54 0.62 0.00 0.00
1.00 - 1.99% 0.15 4.10 4.71 0.86 7.21
No Penalty 20.01 13.67 3.24 44.11 0.00
------ ------ ------ ------ ------
Total 100.00% 100.00% 100.00% 100.00% 100.00%
====== ====== ====== ====== ======
Aggregate Principal Balance
of the Mortgage Loans
($ Millions)(a) $ 327.34 $ 259.99 $ 219.68 $ 205.93 $ 25.79
Percentage of Aggregate
Cut-off Date Balance of
the Mortgage Loans
Outstanding 71.66% 56.91% 48.09% 45.08% 5.64%
</TABLE>
(a) Based upon the Maturity Assumptions and a 0% CPR.
A-63
<PAGE> 64
PREPAYMENT LOCK-OUT/PREPAYMENT PREMIUM ANALYSIS
OUTSTANDING PRINCIPAL BALANCE ANALYSIS
LOAN GROUP 1
<TABLE>
<CAPTION>
DEC. 1, 1996 DEC. 1, 1997 DEC. 1, 1998 DEC. 1, 1999 DEC. 1, 2000 DEC. 1, 2001
------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Locked out 11.54% 3.03% 3.00% 0.00% 0.00% 0.00%
Yield Maintenance 0.00 8.47 8.45 11.38 11.31 11.23
5.00 - 5.99% 0.00 0.00 0.00 0.00 0.00 0.00
4.00 - 4.99% 0.00 0.00 0.00 0.00 0.00 0.00
3.00 - 3.99% 88.46 0.00 0.00 0.00 0.00 0.00
2.00 - 2.99% 0.00 88.50 0.00 0.00 0.00 0.00
1.00 - 1.99% 0.00 0.00 88.56 0.00 0.00 0.00
No Penalty 0.00 0.00 0.00 88.62 88.69 88.77
------ ------ ------ ------ ------ ------
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
====== ====== ====== ====== ====== ======
Aggregate Principal Balance
of the Mortgage Loans
($ Millions)(a) $33.48 $33.15 $32.78 $32.39 $31.96 $31.50
Percentage of Cut-off Date
Balance of the Mortgage
Loans Outstanding 100.00% 99.01% 97.93% 96.76% 95.48% 94.09%
<CAPTION>
DEC. 1, 2002 DEC. 1, 2003 DEC. 1, 2004 DEC. 1, 2005 DEC. 1, 2006
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
Locked out 0.00% 0.00% 0.00% 0.00% 0.00%
Yield Maintenance 11.14 3.00 100.00 100.00 0.00
5.00 - 5.99% 0.00 0.00 0.00 0.00 0.00
4.00 - 4.99% 0.00 0.00 0.00 0.00 0.00
3.00 - 3.99% 0.00 0.00 0.00 0.00 0.00
2.00 - 2.99% 0.00 0.00 0.00 0.00 0.00
1.00 - 1.99% 0.00 0.00 0.00 0.00 0.00
No Penalty 88.86 97.00 0.00 0.00 0.00
------ ------ ------ ------ ------
Total 100.00% 100.00% 100.00% 100.00% 0.00%
====== ====== ====== ====== ======
Aggregate Principal Balance
of the Mortgage Loans
($ Millions)(a) $30.99 $27.92 $0.80 $0.76 $0.00
Percentage of Cut-off Date
Balance of the Mortgage
Loans Outstanding 92.58% 83.40% 2.39% 2.27% 0.00%
</TABLE>
(a) Based upon the Maturity Assumptions and a 0% CPR.
A-64
<PAGE> 65
PREPAYMENT LOCK-OUT/PREPAYMENT PREMIUM ANALYSIS
OUTSTANDING PRINCIPAL BALANCE ANALYSIS
LOAN GROUP 2
<TABLE>
<CAPTION>
DEC. 1, 1996 DEC. 1, 1997 DEC. 1, 1998 DEC. 1, 1999 DEC. 1, 2000 DEC. 1, 2001
------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Locked out 20.61% 19.55% 14.14% 8.79% 6.91% 5.05%
Yield Maintenance 78.62 79.68 85.08 82.31 80.73 83.31
5.00 - 5.99% 0.00 0.00 0.00 1.04 0.00 0.00
4.00 - 4.99% 0.00 0.00 0.00 0.00 1.07 0.00
3.00 - 3.99% 0.00 0.00 0.00 0.88 0.00 1.23
2.00 - 2.99% 0.77 0.78 0.00 0.47 0.91 0.00
1.00 - 1.99% 0.00 0.00 0.78 6.51 3.68 1.04
No Penalty 0.00 0.00 0.00 0.00 6.71 9.37
------ ------ ------ ------ ------ ------
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
====== ====== ====== ====== ====== ======
Aggregate Principal Balance
of the Mortgage Loans
($ Millions)(a) $ 423.35 $ 419.11 $ 413.88 $ 408.15 $ 391.93 $ 334.36
Percentage of Cut-off Date
Balance of the Mortgage
Loans Outstanding 100% 99.00% 97.76% 96.41% 92.58% 78.98%
<CAPTION>
DEC. 1, 2002 DEC. 1, 2003 DEC. 1, 2004 DEC. 1, 2005 DEC. 1, 2006
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
Locked out 5.61% 7.06% 7.36% 5.40% 0.00%
Yield Maintenance 78.68 82.37 84.04 47.17 29.28
5.00 - 5.99% 0.00 0.00 0.00 2.30 45.57
4.00 - 4.99% 0.00 0.00 0.00 0.00 17.94
3.00 - 3.99% 1.37 0.60 0.00 0.00 0.00
2.00 - 2.99% 1.36 1.73 0.62 0.00 0.00
1.00 - 1.99% 0.17 4.60 4.73 0.86 7.21
No Penalty 12.81 3.65 3.25 44.27 0.00
------ ------ ------ ------ ------
Total 100.00% 100.00% 100.00% 100.00% 100.00%
====== ====== ====== ====== ======
Aggregate Principal Balance
of the Mortgage Loans
($ Millions)(a) $ 296.35 $ 232.07 $ 218.87 $ 205.17 $25.79
Percentage of Cut-off Date
Balance of the Mortgage
Loans Outstanding 70.00% 54.82% 51.70% 48.46% 6.09%
</TABLE>
(a) Based upon the Maturity Assumptions and a 0% CPR.
A-65
