SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: August 25, 1999
(Date of earliest event reported)
GMAC Commercial Mortgage Securities, Inc.
(Sponsor)
(Issuer in Respect of Commercial Mortgage Pass-Through
Certificates Series 1998-C1)
Exact name of registrant as specified in charter)
Delaware 333-37717 23-2811925
(State or other juris- (Commission (I.R.S. Employer
diction of organization) File No.) Identification No.)
650 Dresher Road, Horsham, Pennsylvania 19044
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code
(215) 328-3480
(Former name or former address, if changed since
last report.)
ITEM 5. OTHER EVENTS
On or about May 18, 1998, the Registrant will
cause the issuance and sale of approximately
$1,438,000,263 initial principal amount of
Mortgage Pass-Through Certificates, Series 1998-C1,
Class X, Class A-1, Class A-2, Class B, Class C,
Class D, Class E, Class F, Class G, Class H,
Class J, Class K, Class L, Class M, Class N,
Class R-1, Class R-2 and Class R-3 (the "certificates")
pursuant to a Pooling and Servicing Agreement to
be dated as of May 1, 1998, among the Registrant,
GMAC Commercial Mortgage Corporation, as Servicer,
LaSalle Bank N.A., as Trustee and ABN AMRO
Bank N.V., as Fiscal Agent. In connection with
the sale of the Class X, Class A-1, Class A-2,
Class B, Class C, Class D, Class E and Class F
Certificates (the "Publicly Offered Certificates"),
the Registrant has been advised by Deutsche Morgan
Grenfell Inc. and Lehman Brothers Inc. have
registered pursuant to the Act under a Registration
Statement on Form S-3 (File No.333-37717)
(the "Registration Statement").
Capitalized terms used herein and not defined herein
have the same meanings ascribed to such terms in the
Pooling and Servicing Agreement.
Pursuant to Section 3.20 of the Pooling and Servicing
Agreement, the Trustee is filing this Current Report
containing the August 25, 1999 monthly distribution
report.
This Current Report is being filed by the Trustee, in
its capacity as such under the Pooling and Servicing Agreement,
on behalf of the Registrant. The information reported and
contained herein has been supplied to the Trustee by one or
more of the Master Servicer, the Special Servicer or other
third parties without independent review or investigation by
the Trustee. Pursuant to the Pooling and Servicing Agreement,
the Trustee is not responsible for the accuracy or completeness
of such information.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND
Exhibits
Exhibit No. Description
99.1 Monthly distribution report pursuant to Section 4.02
of the Pooling and Servicing Agreement for the
distribution on June 15, 1999.
99.2 * Certain information received from the borrowers
pursuant to the loan documents.
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed
on behalf of the Registrant by the undersigned thereunto duly
authorized.
LASALLE BANK N.A., IN ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND SERVICING AGREEMENT ON
BEHALF OF GS MORTGAGE SECURITIES CORPORATION II,
REGISTRANT
By: /s/ Russell Goldenberg
Russell Goldenberg,
Senior Vice President
Date: August 25, 1999
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Statement Date 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
WAC: 7.2712%
WAMM: 170
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 4
Other Related Information 4
Asset Backed Facts Sheets 1
Delinquency Loan Detail 2
Mortgage Loan Characteristics 2
Loan Level Listing 7
Total Pages Included In This Package 21
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
Information is available for this issue from the following sources
LaSalle Web Site www.lnbabs.com
LaSalle Bulletin Board (714) 282-3990
LaSalle ASAP Fax System (714) 282-5518
Bloomberg User Terminal
ASAP #: 325
Monthly Data File Name: 0325MMYY.EXE
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Remic III
Statement Date 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
WAC: 7.2712%
WAMM: 170
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
X 1,438,000,263.0N 1,410,586,445.85
361849DD1 1000.00000000 980.93615290
A-1 333,587,000.00 306,173,182.85
361849DE9 1000.00000000 917.82108670
A-2 687,393,000.00 687,393,000.00
361849DF6 1000.00000000 1000.00000000
B 28,760,000.00 28,760,000.00
361849DG4 1000.00000000 1000.00000000
C 64,710,000.00 64,710,000.00
361849DH2 1000.00000000 1000.00000000
D 75,495,000.00 75,495,000.00
361849DJ8 1000.00000000 1000.00000000
E 68,305,000.00 68,305,000.00
361849DK5 1000.00000000 1000.00000000
F 43,140,000.00 43,140,000.00
361849DL3 1000.00000000 1000.00000000
G 32,355,000.00 32,355,000.00
361849DM1 1000.00000000 1000.00000000
H 25,165,000.00 25,165,000.00
361849DN9 1000.00000000 1000.00000000
J 14,380,000.00 14,380,000.00
361849DP4 1000.00000000 1000.00000000
K 25,165,000.00 25,165,000.00
361849DQ2 1000.00000000 1000.00000000
L 14,380,000.00 14,380,000.00
361849DR0 1000.00000000 1000.00000000
M 10,785,000.00 10,785,000.00
361849DS8 1000.00000000 1000.00000000
N 14,380,263.00 14,380,263.00
361849DT6 1000.00000000 1000.00000000
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
X 0.00 0.00 0.00 0.00
361849DD1 0.00000000 0.00000000 0.00000000 0.00000000
A-1 1,915,492.51 0.00 0.00 0.00
361849DE9 5.74210779 0.00000000 0.00000000 0.00000000
A-2 0.00 0.00 0.00 0.00
361849DF6 0.00000000 0.00000000 0.00000000 0.00000000
B 0.00 0.00 0.00 0.00
361849DG4 0.00000000 0.00000000 0.00000000 0.00000000
C 0.00 0.00 0.00 0.00
361849DH2 0.00000000 0.00000000 0.00000000 0.00000000
D 0.00 0.00 0.00 0.00
361849DJ8 0.00000000 0.00000000 0.00000000 0.00000000
E 0.00 0.00 0.00 0.00
361849DK5 0.00000000 0.00000000 0.00000000 0.00000000
F 0.00 0.00 0.00 0.00
361849DL3 0.00000000 0.00000000 0.00000000 0.00000000
G 0.00 0.00 0.00 0.00
361849DM1 0.00000000 0.00000000 0.00000000 0.00000000
H 0.00 0.00 0.00 0.00
361849DN9 0.00000000 0.00000000 0.00000000 0.00000000
J 0.00 0.00 0.00 0.00
361849DP4 0.00000000 0.00000000 0.00000000 0.00000000
K 0.00 0.00 0.00 0.00
361849DQ2 0.00000000 0.00000000 0.00000000 0.00000000
L 0.00 0.00 0.00 0.00
361849DR0 0.00000000 0.00000000 0.00000000 0.00000000
M 0.00 0.00 0.00 0.00
361849DS8 0.00000000 0.00000000 0.00000000 0.00000000
N 0.00 0.00 0.00 0.00
361849DT6 0.00000000 0.00000000 0.00000000 0.00000000
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
X 1,408,670,953.3 514,159.59 0.00 0.4374%
361849DD1 979.60409993 0.35755181 0.00000000 0.4374%
A-1 304,257,690.34 1,635,730.25 0.00 6.4110%
361849DE9 912.07897892 4.90345922 0.00000000 6.4110%
A-2 687,393,000.00 3,837,944.25 0.00 6.7000%
361849DF6 1000.00000000 5.58333333 0.00000000 6.7000%
B 28,760,000.00 161,846.90 0.00 6.7530%
361849DG4 1000.00000000 5.62750000 0.00000000 6.7530%
C 64,710,000.00 367,013.55 0.00 6.8060%
361849DH2 1000.00000000 5.67166667 0.00000000 6.8060%
D 75,495,000.00 438,751.78 0.00 6.9740%
361849DJ8 1000.00000000 5.81166673 0.00000000 6.9740%
E 68,305,000.00 407,230.61 0.00 7.1543%
361849DK5 1000.00000000 5.96194437 0.00000000 7.1543%
F 43,140,000.00 257,198.28 0.00 7.1543%
361849DL3 1000.00000000 5.96194437 0.00000000 7.1543%
G 32,355,000.00 192,898.71 0.00 7.1543%
361849DM1 1000.00000000 5.96194437 0.00000000 7.1543%
H 25,165,000.00 150,032.33 0.00 7.1543%
361849DN9 1000.00000000 5.96194437 0.00000000 7.1543%
J 14,380,000.00 85,732.76 0.00 7.1543%
361849DP4 1000.00000000 5.96194437 0.00000000 7.1543%
K 25,165,000.00 140,504.58 0.00 6.7000%
361849DQ2 1000.00000000 5.58333320 0.00000000 6.7000%
L 14,380,000.00 80,288.33 0.00 6.7000%
361849DR0 1000.00000000 5.58333310 0.00000000 6.7000%
M 10,785,000.00 60,216.25 0.00 6.7000%
361849DS8 1000.00000000 5.58333333 0.00000000 6.7000%
N 14,380,263.00 79,875.92 -413.88 6.7000%
361849DT6 1000.00000000 5.55455210 -0.02878111 6.7000%
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Remic III
Statement Date 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
WAC: 7.2712%
WAMM: 170
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
RIII 0.00 0.00
361849DW9 0.00000000 0.00000000
1,438,000,263.00 1,410,586,445.85
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
RIII 0.00 0.00 0.00
361849DW9 0.00000000 0.00000000 0.00000000
1,915,492.51 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
RIII 0.00 0.00 0.00
361849DW9 0.00000000 0.00000000 0.00000000
1,408,670,953.38,409,424.09 (413.88)
Total P&I Payme10,324,916.60 0
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Remic II
Statement Date 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
WAC: 7.2712%
WAMM: 170
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
LA-1 333,587,000.00 306,173,182.85
None 1000.00000000 917.82108670
LA-2 687,393,000.00 687,393,000.00
None 1000.00000000 1000.00000000
LB 28,760,000.00 28,760,000.00
None 1000.00000000 1000.00000000
LC 64,710,000.00 64,710,000.00
None 1000.00000000 1000.00000000
LD 75,495,000.00 75,495,000.00
None 1000.00000000 1000.00000000
LE 68,305,000.00 68,305,000.00
None 1000.00000000 1000.00000000
LF 43,140,000.00 43,140,000.00
None 1000.00000000 1000.00000000
LG 32,355,000.00 32,355,000.00
None 1000.00000000 1000.00000000
LH 25,165,000.00 25,165,000.00
None 1000.00000000 1000.00000000
LJ 14,380,000.00 14,380,000.00
None 1000.00000000 1000.00000000
LK 25,165,000.00 25,165,000.00
None 1000.00000000 1000.00000000
LL 14,380,000.00 14,380,000.00
None 1000.00000000 1000.00000000
LM 10,785,000.00 10,785,000.00
None 1000.00000000 1000.00000000
LN 14,380,263.00 14,380,263.00
None 1000.00000000 1000.00000000
RII 0.00 0.00
None 0.00000000 0.00000000
1,438,000,263.00 1,410,586,445.85
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
LA-1 1,915,492.51 0.00 0.00
None 5.74210779 0.00000000 0.00000000
LA-2 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
LB 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
LC 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
LD 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
LE 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
LF 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
LG 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
LH 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
LJ 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
LK 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
LL 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
LM 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
LN 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
RII 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
1,915,492.51 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
0
LA-1 304,257,690.34 1,825,387.49 0.00 7.1543%
None 912.07897892 5.47199828 0.00000000 7.1544%
LA-2 687,393,000.00 4,098,198.85 0.00 7.1543%
None 1000.00000000 5.96194440 0.00000000 7.1544%
LB 28,760,000.00 171,465.52 0.00 7.1543%
None 1000.00000000 5.96194437 0.00000000 7.1544%
LC 64,710,000.00 385,797.42 0.00 7.1543%
None 1000.00000000 5.96194437 0.00000000 7.1544%
LD 75,495,000.00 450,096.99 0.00 7.1543%
None 1000.00000000 5.96194437 0.00000000 7.1544%
LE 68,305,000.00 407,230.61 0.00 7.1543%
None 1000.00000000 5.96194437 0.00000000 7.1544%
LF 43,140,000.00 257,198.28 0.00 7.1543%
None 1000.00000000 5.96194437 0.00000000 7.1544%
LG 32,355,000.00 192,898.71 0.00 7.1543%
None 1000.00000000 5.96194437 0.00000000 7.1544%
LH 25,165,000.00 150,032.33 0.00 7.1543%
None 1000.00000000 5.96194437 0.00000000 7.1544%
LJ 14,380,000.00 85,732.76 0.00 7.1543%
None 1000.00000000 5.96194437 0.00000000 7.1544%
LK 25,165,000.00 150,032.33 0.00 7.1543%
None 1000.00000000 5.96194437 0.00000000 7.1544%
LL 14,380,000.00 85,732.76 0.00 7.1543%
None 1000.00000000 5.96194437 0.00000000 7.1544%
LM 10,785,000.00 64,299.57 0.00 7.1543%
None 1000.00000000 5.96194437 0.00000000 7.1544%
LN 14,380,263.00 85,320.47 -413.86 7.1543%
None 1000.00000000 5.93316478 -0.02877972 7.1544%
RII 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
1,408,670,953.3 8,409,424.09 -413.86
Total P&I Payme10,324,916.60
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Remic I
Statement Date 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
WAC: 7.2712%
WAMM: 170
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Regular Intere1,438,013,391.24 1,410,599,574.09
None 1000.00000000 980.93632694
RI 0.00 0.00
None 0.00000000 0.00000000
1,438,013,391.24 1,410,599,574.09
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
Regular Intere 1,915,492.51 0.00 0.00
None 1.33204080 0.00000000 0.00000000
RI 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
1,915,492.51 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
Regular Intere1,408,684,081.5 8,409,424.09 0.00 7.1543%
None 979.60428614 5.84794560 0.00000000 7.1544%
RI 0.00 0.00 0.00
None 0.00000000 0.00000000 0.00000000
1,408,684,081.5 8,409,424.09
Total P&I Payme10,324,916.60
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Other Related Information
Statement Date: 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
Accrued Allocation of
CertificatePrepay Interest
Class Interest Shortfall
X 514,159.59 0.00
A-1 1,635,730.2 0.00
A-2 3,837,944.2 0.00
B 161,846.90 0.00
C 367,013.55 0.00
D 438,751.78 0.00
E 407,230.61 0.00
F 257,198.28 0.00
G 192,898.71 0.00
H 150,032.33 0.00
J 85,732.76 0.00
K 140,504.58 0.00
L 80,288.33 0.00
M 60,216.25 0.00
N 80,289.80 0.00
8,409,837.9 0.00
Beginning Payment of
Unpaid Prior Unpaid
Class Interest Interest
X 0.00 0.00
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
J 0.00 0.00
K 0.00 0.00
L 0.00 0.00
M 0.00 0.00
N 391.76 0.00
391.76 0.00
Ending Yield
Unpaid Maintenance Prepayment
Class Interest Premium Premiums
X 0.00 0.00 0.00
A-1 0.00 0.00 0.00
A-2 0.00 0.00 0.00
B 0.00 0.00 0.00
C 0.00 0.00 0.00
D 0.00 0.00 0.00
E 0.00 0.00 0.00
F 0.00 0.00 0.00
G 0.00 0.00 0.00
H 0.00 0.00 0.00
J 0.00 0.00 0.00
K 0.00 0.00 0.00
L 0.00 0.00 0.00
M 0.00 0.00 0.00
N 805.64 0.00 0.00
805.64 0.00 0.00
Advances
Prior Current Period
Principal Interest Principal Interest
Servicer 1,135,261.1 4,546,797.71 622,033.18 3,036,750.43
Trustee: 0.00 0.00 0.00 0.00
Fiscal Age 0.00 0.00 0.00 0.00
622,033.18 3,036,750.43
Outstanding
Principal Interest Principal Interest
Servicer 1,135,261.1 4,546,797.71 622,033.18 3,036,750.42
Trustee: 0.00 0.00 0.00 0.00
Fiscal Age 0.00 0.00 0.00 0.00
1,135,261.1 4,546,797.71 622,033.18 3,036,750.42
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Other Related Information
Statement Date: 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
Current Period Master Servicing Fees Paid: 134,164.25
Additional Master Servicing Compensation: 0.00
Current Period Special Servicing Fees Paid: 0.00
Current Period Workout Fees Paid 0.00
Current Period Liquidation Fees Paid: 0.00
134,164.25
Outstanding Mortgage Loans in Pool
Number of Outstanding Mortgage Loans in Pool:
180
Aggregate Stated Principal Balance before Distribu
1,410,599,574.09
Aggregate Stated Principal Balance after Distribut
1,408,684,081.58
Percentage of Remaining Cut-off Date Principal Bal
97.9613%
Summary of REO Properties
Principal
# Property NDate of REO Balance
1. 0 01/00/00 0.00
2. 0.00 01/00/00 0.00
3. 01/00/00 0.00
4. 0.00 01/00/00 0.00
5. 0 01/00/00 0.00
Date of FinalAmount Aggregate Other
Book Value Recovery of Proceeds Rev. Collected
1. 0.00 01/00/00 0.00 0.00
2. 0.00 01/00/00 0.00 0.00
3. 0.00 01/00/00 0.00 0.00
4. 0.00 01/00/00 0.00 0.00
5. 0.00 01/00/00 0.00 0.00
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Other Related Information
Statement Date: 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
Summary of Appraisal Reductions
Principal
# Property NLoan Number Balance
1. 0 0 0.00
2. 0.00 0.00 0.00
3. No Appraisal Reductions as of The Most Recent Due Period
4. 0.00 0.00 0.00
5. 0 0 0.00
Appraisal Appraisal Date of
Reduction ADate Reduction
1. 0.00 01/00/00 01/00/00
2. 0.00 01/00/00 01/00/00
3.
4. 0.00 01/00/00 01/00/00
5. 0.00 01/00/00 01/00/00
Summary of Repurchased, Liquidated or Disposed Loans
Principal
# Property NLoan Number Balance
1. 0 0 0.00
2. 0 0 0.00
3. No Repurchases / Liquidations as of The Most Recent Due Period
4. 0 0 0.00
5. 0 0.00 0.00
Date of FinalAmount Aggregate Other
Book Value Liquidation of Proceeds Rev. Collected
1. 0.00 01/00/00 0.00 0.00
2. 0.00 01/00/00 0.00 0.00
3. 01/00/00 0.00 0.00
4. 0.00 01/00/00 0.00 0.00
5. 0.00 01/00/00 0.00 0.00
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Other Related Information
Statement Date: 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
Maturity Date Extensions (Since Deal Origination)
Maturity Date Number of Cut-off PrincipWeighted Average
Status Loans Balance Extension
Extended 0 0.00 0
In Process * 0 0.00 0
Paid Off ** 0 0.00 0
Paid Off - Extended ** 0 0.00 0
In Process - Extended 0 0.00 0
Total 0 0.00 0
* In the process of extending at the Special Servicer
** Scheduled Principal Balance as of deal origination
*** Currently Paid Off but had previously been extended
**** Previously extended, in the process of being extended again
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Statement Date: 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
DistributioDelinq 1 Month Delinq 2 Months
Date # Balance # Balance
08/16/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
07/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
06/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
05/17/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
04/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
03/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
02/16/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
12/15/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
11/16/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
10/15/98 1 8,991,059 0 0
0.55% 0.63% 0.00% 0.00%
09/15/98 1 635,724 0 0
0.55% 0.04% 0.00% 0.00%
08/17/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
07/15/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
06/15/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributioDelinq 3+ Months Foreclosure/Bankruptcy
Date # Balance # Balance
08/16/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
07/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
06/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
05/17/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
04/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
03/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
02/16/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
12/15/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
11/16/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
10/15/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
09/15/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
08/17/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
07/15/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
06/15/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributioREO Modifications
Date # Balance # Balance
08/16/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
07/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
06/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
05/17/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
04/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
03/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
02/16/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/15/99 0 0 0 0
0.00% 0.00% 0.00% 0.00%
12/15/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
11/16/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
10/15/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
09/15/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
08/17/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
07/15/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
06/15/98 0 0 0 0
0.00% 0.00% 0.00% 0.00%
01/00/00 0 0 0 0
0.00% 0.00% 0.00% 0.00%
DistributioPrepayments Curr Weighted Avg.
Date # Balance Coupon Remit
08/16/99 0 0 7.2712% 7.1543%
0.00% 0.00%
07/15/99 0 0 7.2026% 7.0870%
0.00% 0.00%
06/15/99 0 0 7.2710% 7.1541%
0.00% 0.00%
05/17/99 0 0 7.2025% 7.0868%
0.00% 0.00%
04/15/99 0 0 7.2707% 7.1538%
0.00% 0.00%
03/15/99 0 0 7.0657% 6.9524%
0.00% 0.00%
02/16/99 0 0 7.2706% 7.1537%
0.00% 0.00%
01/15/99 0 0 7.2705% 7.1536%
0.00% 0.00%
12/15/98 0 0 7.2021% 7.0864%
0.00% 0.00%
11/16/98 0 0 7.2703% 7.1534%
0.00% 0.00%
10/15/98 0 0 7.2020% 7.0863%
0.00% 0.00%
09/15/98 0 0 7.2702% 7.1533%
0.00% 0.00%
08/17/98 0 0 7.2701% 7.1532%
0.00% 0.00%
07/15/98 0 0 7.1946% 7.0789%
0.00% 0.00%
06/15/98 0 0 7.2771% 7.1601%
0.00% 0.00%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.00%
Note: Effective with the October 1998 Distribution, Foreclosure,
Bankruptcy, and REO totals will no longer be included in the
delinquenc
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Statement Date: 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
Delinquent Loan Detail
Paid Outstanding
Disclosure Doc Thru Current P&I P&I
Control # Date Advance Advances**
15888 07/01/99 107,520.26 107,520.26
16084 07/01/99 47,824.89 47,824.89
16223 07/01/99 12,937.00 12,937.00
16517 07/01/99 16,421.17 16,421.17
16592 07/01/99 36,654.02 36,654.02
16614 07/01/99 87,953.81 87,953.81
16686 07/01/99 48,948.11 48,948.11
16691 07/01/99 79,600.23 79,600.23
16695 07/01/99 13,756.86 13,756.86
16717 07/01/99 26,516.53 26,516.53
16721 07/01/99 50,053.92 50,053.92
16757 07/01/99 21,970.98 21,970.98
16797 07/01/99 37,973.08 37,973.08
16810 07/01/99 173,938.76 173,938.76
16847 07/01/99 49,210.35 49,210.35
16848 07/01/99 26,271.74 26,271.74
16849 07/01/99 27,065.93 27,065.93
16851 07/01/99 22,691.44 22,691.44
16898 07/01/99 25,301.13 25,301.13
16916 07/01/99 66,988.09 66,988.09
16929 07/01/99 22,676.48 22,676.48
16954 07/01/99 7,144.29 7,144.29
16956 07/01/99 19,187.53 19,187.53
16957 07/01/99 12,247.36 12,247.36
16958 07/01/99 13,778.28 13,778.28
16964 07/01/99 110,019.11 110,019.11
16975 07/01/99 38,421.44 38,421.44
17000 07/01/99 10,429.91 10,429.91
17032 07/01/99 18,059.98 18,059.98
17049 07/01/99 19,806.94 19,806.94
17056 07/01/99 234,988.96 234,988.96
17063 07/01/99 45,321.26 45,321.26
17102 07/01/99 13,506.10 13,506.10
17118 07/01/99 18,003.44 18,003.44
17119 07/01/99 2,870.11 2,870.11
17194 07/01/99 1,560,758.58 1,560,758.58
17279 07/01/99 57,653.74 57,653.74
8 07/01/99 42,588.64 42,588.64
15 07/01/99 14,672.38 14,672.38
3 07/01/99 79,172.04 79,172.04
4 07/01/99 65,944.55 65,944.55
10 07/01/99 32,481.19 32,481.19
19 07/01/99 142,612.35 142,612.35
26 07/01/99 29,931.62 29,931.62
30 07/01/99 19,753.87 19,753.87
31 07/01/99 16,842.59 16,842.59
32 07/01/99 15,903.55 15,903.55
34 07/01/99 14,409.01 14,409.01
Out. Property Special
Disclosure Protection Advance Servicer Foreclosure Bankruptcy
Control # Advances Description (Transfer Date Date Date
15888 0.00 B
16084 0.00 A
16223 0.00 B
16517 0.00 B
16592 0.00 B
16614 0.00 A
16686 0.00 A
16691 0.00 A
16695 0.00 B
16717 0.00 A
16721 0.00 A
16757 0.00 A
16797 0.00 B
16810 0.00 A
16847 0.00 A
16848 0.00 A
16849 0.00 A
16851 0.00 A
16898 0.00 A
16916 0.00 A
16929 0.00 B
16954 0.00 A
16956 0.00 A
16957 0.00 A
16958 0.00 A
16964 0.00 A
16975 0.00 B
17000 0.00 B
17032 0.00 A
17049 0.00 A
17056 0.00 A
17063 0.00 A
17102 0.00 A
17118 0.00 A
17119 0.00 A
17194 0.00 A
17279 0.00 A
8 0.00 A
15 0.00 A
3 0.00 A
4 0.00 A
10 0.00 A
19 0.00 A
26 0.00 A
30 0.00 A
31 0.00 A
32 0.00 A
34 0.00 A
Disclosure REO
Control # Date
0
15888
16084
16223
16517
16592
16614
16686
16691
16695
16717
16721
16757
16797
16810
16847
16848
16849
16851
16898
16916
16929
16954
16956
16957
16958
16964
16975
17000
17032
17049
17056
17063
17102
17118
17119
17194
17279
8
15
3
4
10
19
26
30
31
32
34
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Pool Total
Statement Date: 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
Distribution of Principal Balances
Current Scheduled Number Scheduled Based on
Balances of Loans Balance Balance
0.00to 499,999.99 1 407,132.18 0.03%
500,000.00to 999,999.99 6 5,158,514.33 0.37%
1,000,000.0to 1,999,999.99 26 37,918,523.70 2.69%
2,000,000.0to 2,999,999.99 40 97,185,267.40 6.90%
3,000,000.0to 3,999,999.99 22 76,857,431.62 5.46%
4,000,000.0to 4,999,999.99 16 69,992,062.93 4.97%
5,000,000.0to 5,999,999.99 14 77,482,111.89 5.50%
6,000,000.0to 6,999,999.99 10 65,637,465.26 4.66%
7,000,000.0to 7,999,999.99 8 58,929,993.09 4.18%
8,000,000.0to 8,999,999.99 8 68,948,496.31 4.89%
9,000,000.0to 9,999,999.99 4 37,959,752.27 2.69%
10,000,000.to 11,999,999.99 7 78,975,937.73 5.61%
12,000,000.to 13,999,999.99 2 26,628,802.08 1.89%
14,000,000.to 16,999,999.99 5 78,379,976.35 5.56%
17,000,000.to 31,999,999.99 2 45,608,872.10 3.24%
32,000,000.to 225,437,399.0 9 582,613,742.34 41.36%
Total 1801,408,684,081.5 100.00%
Average Scheduled Balance is 7,826,022.68
Maximum Scheduled Balance is 220,982,268.60
Minimum Scheduled Balance is 407,132.18
Distribution of Property Types
Number Scheduled Based on
Property Types of Loans Balance Balance
Other 13 420,000,690.63 29.82%
Retail 40 269,957,928.58 19.16%
Multifamily 59 232,882,255.66 16.53%
Lodging 10 165,115,645.50 11.72%
Office 25 152,069,587.58 10.80%
Health Care 13 61,833,072.26 4.39%
Mixed Use 8 59,215,479.52 4.20%
Industrial 11 43,467,114.44 3.09%
Mobile Home 1 4,142,307.41 0.29%
Total 1801,408,684,081.5 100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
6.0000%or less 0 0.00 0.00%
6.0000%to 6.2500% 0 0.00 0.00%
6.2500%to 6.5000% 0 0.00 0.00%
6.5000%to 6.7500% 2 42,731,305.41 3.03%
6.7500%to 7.0000% 16 377,912,593.72 26.83%
7.0000%to 7.2500% 67 383,416,077.80 27.22%
7.2500%to 7.5000% 51 404,723,637.59 28.73%
7.5000%to 7.7500% 28 129,137,447.15 9.17%
7.7500%to 8.0000% 9 41,888,507.24 2.97%
8.0000%to 8.2500% 3 10,375,137.05 0.74%
8.2500%to 8.5000% 3 14,390,392.78 1.02%
8.5000%to 8.7500% 0 0.00 0.00%
8.7500%to 9.2500% 1 4,108,982.84 0.29%
Total 1801,408,684,081.5 100.00%
W/Avg Mortgage Interest Rate is 7.2029%
Minimum Mortgage Interest Rate is 6.7000%
Maximum Mortgage Interest Rate is 8.8750%
Geographic Distribution
Number Scheduled Based on
Geographic Location of Loans Balance Balance
Various 2 254,665,052.22 18.08%
New York 13 148,328,317.92 10.53%
Texas 20 143,824,938.79 10.21%
California 25 132,457,400.68 9.40%
Arizona 21 94,346,796.65 6.70%
District of Columbia 3 63,794,925.55 4.53%
Washington 4 61,877,841.58 4.39%
Florida 11 53,543,722.37 3.80%
Minnesota 3 50,795,529.07 3.61%
Maryland 8 36,839,165.86 2.62%
Michigan 7 35,964,777.30 2.55%
Oregon 5 35,458,673.98 2.52%
Louisiana 1 34,304,205.96 2.44%
New Jersey 7 29,201,706.49 2.07%
Virginia 5 26,561,371.43 1.89%
Missouri 6 25,439,530.57 1.81%
Georgia 10 24,440,869.91 1.74%
Utah 4 23,722,858.49 1.68%
Massachusetts 3 22,825,175.35 1.62%
Rhode Island 2 16,962,735.17 1.20%
Delaware 2 15,654,702.19 1.11%
Illinois 3 15,485,437.79 1.10%
Pennsylvania 2 12,765,142.05 0.91%
North Carolina 3 10,329,797.43 0.73%
Colorado 1 6,887,124.34 0.49%
Nebraska 1 5,967,236.21 0.42%
Nevada 1 5,630,555.58 0.40%
Wisconsin 1 4,452,921.94 0.32%
Connecticut 2 4,362,638.61 0.31%
Kentucky 1 3,455,409.71 0.25%
Other 3 8,337,520.39 0.59%
Total 1801,408,684,081.5 100.00%
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Pool Total
Statement Date: 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 0 0.00 0.00%
1+ to 2 years 1781,401,810,802.2 99.51%
2+ to 3 years 0 0.00 0.00%
3+ to 4 years 2 6,873,279.34 0.49%
4+ to 5 years 0 0.00 0.00%
5+ to 6 years 0 0.00 0.00%
6+ to 7 years 0 0.00 0.00%
7+ to 8 years 0 0.00 0.00%
8+ to 9 years 0 0.00 0.00%
9+ to 10 years 0 0.00 0.00%
10 years or more 0 0.00 0.00%
Total 1801,408,684,081.5 100.00%
Weighted Averag 1.4
Distribution of Remaining Term
Fully Amortizing
Fully Amortizing Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
60 months or less 4 20,626,908.52 1.46%
61 to 120 months 4 7,361,992.48 0.52%
121 to 180 months 35 125,733,865.77 8.93%
181 to 240 months 0 0.00 0.00%
241 to 360 months 0 0.00 0.00%
Total 43 153,722,766.77 10.91%
Weighted Averag 197
Distribution of DSCR
Debt Service Number Scheduled Based on
Coverage Ratio (1) of Loans Balance Balance
1or less 14 95,901,139.02 6.81%
1.0001to 1.1 7 32,963,089.30 2.34%
1.1001to 1.2 12 84,191,077.27 5.98%
1.2001to 1.3 12 126,797,988.61 9.00%
1.3001to 1.4 22 108,205,776.20 7.68%
1.4001to 1.5 20 373,488,565.07 26.51%
1.5001to 1.6 14 183,829,219.12 13.05%
1.6001to 1.7 9 40,484,181.67 2.87%
1.7001to 1.8 6 21,361,036.95 1.52%
1.8001to 1.9 6 22,753,152.68 1.62%
1.9001to 2 4 16,400,207.17 1.16%
2.0001to 2.1 6 72,937,791.74 5.18%
2.1001to 2.2 4 11,111,605.36 0.79%
2.2001to 2.4 13 52,634,162.21 3.74%
2.4001& above 18 99,708,904.99 7.08%
Unknown 13 65,916,184.22 4.68%
Total 1801,408,684,081.5 100.00%
Weighted Average Debt Service Coverage Ratio is 1.535
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 43 153,722,766.77 10.91%
Amortizing Balloon 1371,254,961,314.8 89.09%
Total 1801,408,684,081.5 100.00%
Distribution of Remaining Term
Balloon Loans
Balloon Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
12 months or less 0 0.00 0.00%
13 to 24 months 0 0.00 0.00%
25 to 36 months 0 0.00 0.00%
37 to 48 months 1 6,422,252.72 0.46%
49 to 60 months 0 0.00 0.00%
61 to 120 months 93 747,494,884.34 53.06%
121 to 180 months 9 135,241,119.55 9.60%
181 to 240 months 34 365,803,058.20 25.97%
Total 1371,254,961,314.8 89.09%
Weighted Averag 167
NOI Aging
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 162 1,102,413,227.40 78.26%
1 to 2 years 5 240,354,669.96 17.06%
2 Years or More 0 0.00 0.00%
Unknown 13 65,916,184.22 4.68%
Total 180 1,408,684,081.50 100.00%
(1) Debt Service Coverage Ratios are calculated as described in
the prospectus, values are updated periodically as new NOI figures
became available from borrowers on an able from borrowers on an
asset level.
Neither the Trustee, Servicer, Special Servicer or Underwriter
makes any represeation as to the accuracy of the data provided by the
borrower for this calculation.
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Statement Date: 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
Loan Level Detail
Property
Disclosure Type Maturity
Control # Group Code Date
1GMAC98C1 Other 11/01/12
2GMAC98C1 Retail 01/01/28
3GMAC98C1 Retail 03/01/28
4GMAC98C1 Other 12/01/22
5GMAC98C1 Retail 03/01/28
7GMAC98C1 Retail 12/01/27
8GMAC98C1 Industrial 12/01/10
9GMAC98C1 Office 03/01/23
10GMAC98C1 Retail 03/01/23
11GMAC98C1 Mobile Home 03/01/28
12GMAC98C1 Mixed Use 03/01/28
13GMAC98C1 Industrial 03/01/18
14GMAC98C1 Lodging 03/01/23
15GMAC98C1 Industrial 12/01/10
16GMAC98C1 Mixed Use 03/01/28
17GMAC98C1 Multifamily 03/01/23
18GMAC98C1 Other 01/01/28
19GMAC98C1 Office 04/01/28
23GMAC98C1 Retail 04/01/28
24GMAC98C1 Retail 04/01/28
25GMAC98C1 Retail 04/01/28
26GMAC98C1 Mixed Use 03/01/23
27GMAC98C1 Industrial 04/01/28
28GMAC98C1 Retail 04/01/28
30GMAC98C1 Office 04/01/28
31GMAC98C1 Office 04/01/28
32GMAC98C1 Retail 04/01/23
33GMAC98C1 Other 04/01/23
34GMAC98C1 Multifamily 04/01/13
15888GMAC98C1 Retail 01/01/08
16084GMAC98C1 Mixed Use 03/01/08
16145GMAC98C1 Retail 01/01/08
16173GMAC98C1 Health Care 01/01/08
16174GMAC98C1 Health Care 01/01/08
16223GMAC98C1 Health Care 01/01/08
16257GMAC98C1 Retail 01/31/08
16288GMAC98C1 Multifamily 02/01/08
16304GMAC98C1 Multifamily 01/01/05
16305GMAC98C1 Multifamily 12/01/04
16424GMAC98C1 Retail 12/01/07
16458GMAC98C1 Retail 12/01/07
16482GMAC98C1 Health Care 01/01/13
16498GMAC98C1 Office 01/31/08
16510GMAC98C1 Health Care 01/01/08
16517GMAC98C1 Health Care 03/01/08
16522GMAC98C1 Lodging 10/01/07
16539GMAC98C1 Lodging 04/01/23
16547GMAC98C1 Mixed Use 02/01/13
16553GMAC98C1 Office 12/01/07
16571GMAC98C1 Retail 12/01/07
16592GMAC98C1 Office 04/01/08
16598GMAC98C1 Industrial 12/01/07
16609GMAC98C1 Industrial 03/05/08
16614GMAC98C1 Other 03/01/05
16632GMAC98C1 Lodging 12/31/22
16633GMAC98C1 Lodging 12/31/22
16658GMAC98C1 Retail 11/30/07
16662GMAC98C1 Office 04/01/08
16662GMAC98C1 Office 04/01/08
16665GMAC98C1 Retail 01/01/08
16666GMAC98C1 Retail 01/01/08
16686GMAC98C1 Health Care 12/01/07
16691GMAC98C1 Retail 01/01/08
16695GMAC98C1 Retail 03/01/13
16708GMAC98C1 Multifamily 12/31/07
16717GMAC98C1 Health Care 03/01/08
16721GMAC98C1 Health Care 03/01/08
16724GMAC98C1 Multifamily 12/01/07
16725GMAC98C1 Multifamily 12/01/07
16726GMAC98C1 Multifamily 12/01/07
16731GMAC98C1 Retail 07/01/13
16734GMAC98C1 Retail 01/30/08
16739GMAC98C1 Office 01/01/18
16757GMAC98C1 Office 03/01/08
16761GMAC98C1 Other 01/01/05
16762GMAC98C1 Industrial 01/01/08
16773GMAC98C1 Multifamily 12/01/04
16797GMAC98C1 Retail 05/22/10
16801GMAC98C1 Retail 03/01/08
16807GMAC98C1 Retail 01/01/08
16809GMAC98C1 Industrial 02/01/08
16810GMAC98C1 Retail 01/01/09
16825GMAC98C1 Health Care 12/01/07
16826GMAC98C1 Health Care 12/01/07
16835GMAC98C1 Retail 02/01/10
16837GMAC98C1 Retail 12/10/07
16847GMAC98C1 Multifamily 01/01/08
16848GMAC98C1 Multifamily 01/01/08
16849GMAC98C1 Office 03/01/08
16851GMAC98C1 Multifamily 01/01/08
16861GMAC98C1 Retail 04/01/08
16863GMAC98C1 Health Care 03/01/08
16866GMAC98C1 Multifamily 11/01/17
16867GMAC98C1 Multifamily 11/01/17
16868GMAC98C1 Multifamily 11/01/17
16869GMAC98C1 Multifamily 11/01/17
16870GMAC98C1 Multifamily 11/01/17
16871GMAC98C1 Multifamily 11/01/17
16872GMAC98C1 Multifamily 11/01/17
16873GMAC98C1 Multifamily 11/01/17
16874GMAC98C1 Multifamily 11/01/17
16875GMAC98C1 Multifamily 11/01/17
16876GMAC98C1 Multifamily 11/01/17
16877GMAC98C1 Multifamily 11/01/17
16878GMAC98C1 Multifamily 11/01/17
16879GMAC98C1 Multifamily 11/01/17
16880GMAC98C1 Multifamily 11/01/17
16881GMAC98C1 Multifamily 11/01/17
16882GMAC98C1 Multifamily 11/01/17
16883GMAC98C1 Multifamily 11/01/17
16884GMAC98C1 Multifamily 11/01/17
16885GMAC98C1 Multifamily 11/01/17
16886GMAC98C1 Multifamily 11/01/17
16887GMAC98C1 Multifamily 11/01/17
16888GMAC98C1 Multifamily 11/01/17
16889GMAC98C1 Multifamily 11/01/17
16890GMAC98C1 Multifamily 11/01/17
16891GMAC98C1 Multifamily 11/01/17
16892GMAC98C1 Multifamily 11/01/17
16893GMAC98C1 Multifamily 11/01/17
16894GMAC98C1 Multifamily 11/01/17
16895GMAC98C1 Multifamily 11/01/17
16896GMAC98C1 Multifamily 11/01/17
16897GMAC98C1 Multifamily 11/01/17
16898GMAC98C1 Multifamily 11/01/17
16908GMAC98C1 Multifamily 01/01/08
16910GMAC98C1 Retail 03/01/08
16916GMAC98C1 Other 01/01/08
16924GMAC98C1 Other 01/01/08
16928GMAC98C1 Multifamily 01/01/08
16929GMAC98C1 Retail 03/01/08
16937GMAC98C1 Office 12/31/12
16940GMAC98C1 Retail 03/01/08
16942GMAC98C1 Retail 03/01/08
16947GMAC98C1 Lodging 03/01/23
16948GMAC98C1 Industrial 02/01/08
16952GMAC98C1 Mixed Use 01/01/08
16953GMAC98C1 Office 01/01/08
16954GMAC98C1 Office 01/01/08
16955GMAC98C1 Office 01/01/08
16956GMAC98C1 Mixed Use 01/01/08
16957GMAC98C1 Office 01/01/08
16958GMAC98C1 Office 01/01/09
16959GMAC98C1 Office 02/01/08
16960GMAC98C1 Multifamily 02/01/08
16964GMAC98C1 Multifamily 01/01/08
16971GMAC98C1 Office 03/01/07
16975GMAC98C1 Mixed Use 02/01/08
16987GMAC98C1 Lodging 03/01/23
16988GMAC98C1 Lodging 03/01/23
16996GMAC98C1 Other 03/01/13
16997GMAC98C1 Office 03/01/13
16998GMAC98C1 Retail 03/01/18
16999GMAC98C1 Retail 03/01/18
17000GMAC98C1 Multifamily 01/01/08
17004GMAC98C1 Office 03/01/08
17028GMAC98C1 Office 03/01/08
17032GMAC98C1 Multifamily 02/01/08
17034GMAC98C1 Retail 02/01/08
17049GMAC98C1 Health Care 03/01/08
17054GMAC98C1 Retail 03/01/08
17056GMAC98C1 Other 02/01/08
17063GMAC98C1 Multifamily 02/01/08
17070GMAC98C1 Multifamily 02/01/03
17075GMAC98C1 Multifamily 03/01/08
17088GMAC98C1 Other 07/01/18
17093GMAC98C1 Office 12/31/04
17102GMAC98C1 Multifamily 02/01/08
17108GMAC98C1 Retail 03/01/08
17113GMAC98C1 Multifamily 03/01/08
17118GMAC98C1 Multifamily 03/01/08
17119GMAC98C1 Multifamily 03/01/08
17162GMAC98C1 Other 03/01/08
17169GMAC98C1 Multifamily 03/01/08
17177GMAC98C1 Office 03/01/08
17194GMAC98C1 Other 02/01/08
17223GMAC98C1 Office 02/01/05
17232GMAC98C1 Industrial 03/01/08
17236GMAC98C1 Retail 04/01/08
17239GMAC98C1 Lodging 04/01/23
17279GMAC98C1 Lodging 04/01/23
17353GMAC98C1 Industrial 03/09/08
Operating Ending
Disclosure Statement Principal Note
Control # DSCR Date State Balance Rate
1 1.203253 12/31/98LA 34,304,206 6.9800%
2 1.58638 09/30/98FL 11,813,916 7.3000%
3 1.55127 12/31/98MD 11,105,020 7.6500%
4 NJ 8,875,241 7.3670%
5 1.17629 12/31/98CA 8,768,528 6.9400%
7 CO 6,887,124 7.3800%
8 1.18981 12/31/98MD 5,112,087 7.5500%
9 1.06669 12/31/98AZ 4,891,355 7.0800%
10 1.39409 12/31/98WI 4,452,922 7.2000%
11 1.3293 12/31/98FL 4,142,307 7.3200%
12 1.24845 12/31/98MA 4,040,916 7.0700%
13 1.32723 12/31/98MA 2,656,482 7.0500%
14 2.00525 12/31/98CA 2,449,047 7.5000%
15 1.5164 12/31/98MD 1,761,193 7.5500%
16 1.16588 12/31/98NJ 1,424,688 7.2000%
17 MI 1,008,241 7.2650%
18 1.501941 12/31/98TX 61,009,299 7.1430%
19 NY 20,496,791 7.4050%
23 2.24125 12/31/98CA 7,197,835 6.8900%
24 1.61088 12/31/98AZ 5,366,999 7.1100%
25 1.28508 12/31/98CA 4,933,671 7.1700%
26 NY 3,921,326 7.7300%
27 1.71747 12/31/98VA 3,751,024 7.3200%
28 1.47276 12/31/98KY 3,455,410 7.3800%
30 2.75612 09/30/98NJ 2,862,623 7.3200%
31 NY 2,467,089 7.2100%
32 NY 2,156,891 7.3400%
33 1.436223 12/31/98MI 2,056,723 7.0100%
34 1.31551 12/31/98NY 1,516,483 7.1300%
15888 0.96673 12/31/98RI 15,462,993 7.4400%
16084 NY 6,097,096 8.1250%
16145 1.35803 12/31/98TX 2,685,572 7.6600%
16173 1.41397 06/30/98PA 5,695,217 8.4500%
16174 1.68542 06/30/98PA 7,069,925 8.4500%
16223 1.09554 12/31/98CA 1,625,251 8.3000%
16257 1.943583 12/31/98MI 6,874,694 7.1000%
16288 1.22039 09/30/98TX 2,658,363 7.0300%
16304 0.39662 12/31/98FL 1,021,525 7.5000%
16305 0.83863 12/31/98FL 630,155 7.6250%
16424 1.30277 12/31/98TX 2,707,245 7.5700%
16458 1.66066 12/31/98CA 4,580,174 7.7500%
16482 5.52586 12/31/98CA 942,796 8.2400%
16498 1.41275 12/31/98NJ 2,211,603 7.5700%
16510 1.97178 12/31/98CA 3,335,245 8.1600%
16517 WA 2,156,996 7.7700%
16522 2.39049 12/31/98CA 4,108,983 8.8750%
16539 2.09713 12/31/98WA 48,039,836 7.3400%
16547 1.48629 12/31/98NY 34,493,280 7.3600%
16553 1.50881 12/31/98CA 5,641,497 7.9000%
16571 1.42521 12/31/98OR 8,564,477 7.5600%
16592 1.3215 12/31/98AZ 5,138,139 7.6250%
16598 1.63546 06/30/98CA 976,704 7.7500%
16609 1.00524 09/30/98MA 16,127,778 7.3750%
16614 0.412234 12/31/98DE 13,205,046 7.0200%
16632 1.87348 12/31/98WA 5,574,265 7.7500%
16633 2.32499 12/31/98WA 6,106,745 7.5000%
16658 1.22127 12/31/98TX 8,269,653 7.5800%
16662 1.63338 09/30/98CA 1,629,462 7.5000%
16662 1.63338 09/30/98CA 1,629,462 7.5000%
16665 1.7184 12/31/98VA 2,252,674 7.4700%
16666 1.82209 12/31/98VA 1,575,985 7.4700%
16686 1.3736 09/30/98MO 6,678,567 7.2800%
16691 1.31075 12/31/98UT 11,425,558 7.4600%
16695 1.7192 12/31/98CA 1,419,013 7.5000%
16708 1.87406 11/30/98AZ 1,389,274 7.8750%
16717 2.26446 09/30/98TN 3,433,366 7.9400%
16721 FL 6,569,237 7.7800%
16724 0.73003 12/31/98AZ 7,769,407 7.2500%
16725 0.80295 12/31/98AZ 8,851,223 7.2500%
16726 0.50807 12/31/98AZ 5,507,428 7.2500%
16731 1.46628 12/31/98VA 3,957,171 7.5000%
16734 1.55026 12/31/98CT 878,938 7.5400%
16739 1.200366 09/30/98NE 5,967,236 7.2100%
16757 1.42287 12/31/98NC 3,224,474 7.2500%
16761 1.44367 12/31/98TX 9,851,633 7.5300%
16762 1.44768 09/30/98FL 2,168,719 7.7500%
16773 1.09382 12/31/98FL 1,230,771 7.6250%
16797 0.98859 12/31/98CT 3,483,701 7.1250%
16801 0.87348 12/31/98UT 2,268,224 7.2900%
16807 1.430771 12/31/98CA 7,386,562 7.4300%
16809 2.00549 12/31/98MN 2,313,553 7.0000%
16810 1.14922 09/30/98CA 25,112,081 7.4000%
16825 1.35032 09/30/98TX 9,217,058 7.3800%
16826 1.64364 09/30/98TX 10,972,688 7.3800%
16835 NJ 2,350,010 7.7500%
16837 1.47745 12/31/98MN 44,268,105 7.0500%
16847 1.53154 12/31/98MD 7,090,890 7.4200%
16848 1.12261 12/31/98MD 3,781,920 7.4300%
16849 1.35166 10/31/98NC 3,945,055 7.3200%
16851 1.366583 12/31/98MD 3,269,687 7.4200%
16861 1.5649 12/31/98UT 980,555 7.3900%
16863 1.12234 09/30/98AR 2,636,984 7.9800%
16866 2.31994 12/31/98AZ 3,749,451 7.0190%
16867 2.42634 12/31/98AZ 2,055,807 7.0190%
16868 2.51359 12/31/98AZ 2,777,477 7.0190%
16869 2.21064 12/31/98AZ 3,964,108 7.0190%
16870 2.0977 12/31/98AZ 7,101,391 7.0190%
16871 2.32583 12/31/98AZ 2,160,050 7.0190%
16872 2.18831 12/31/98AZ 2,012,479 7.0190%
16873 2.14229 12/31/98AZ 1,520,168 7.0190%
16874 2.03801 12/31/98AZ 7,706,907 7.0190%
16875 2.11478 12/31/98AZ 4,051,168 7.0190%
16876 2.40468 12/31/98AZ 8,692,296 7.0190%
16877 2.28336 12/31/98AZ 3,768,418 7.0190%
16878 1.55262 12/31/98AZ 3,121,188 7.0190%
16879 2.23522 12/31/98AZ 2,752,063 7.0190%
16880 1.84799 12/31/98AZ 0 0.0000%
16881 2.53396 12/31/98TX 1,188,655 7.0190%
16882 2.527 12/31/98TX 3,027,582 7.0190%
16883 2.39227 12/31/98TX 4,009,571 7.0190%
16884 2.43097 12/31/98TX 2,045,914 7.0190%
16885 2.58428 12/31/98TX 1,220,428 7.0190%
16886 2.65485 12/31/98TX 2,229,084 7.0190%
16887 2.8955 12/31/98TX 2,029,303 7.0190%
16888 2.69848 12/31/98TX 1,602,600 7.0190%
16889 2.39987 12/31/98TX 2,643,737 7.0190%
16890 2.23005 12/31/98TX 2,250,415 7.0190%
16891 1.88084 12/31/98FL 6,814,429 7.0190%
16892 2.16974 12/31/98GA 3,527,791 7.0190%
16893 2.03109 12/31/98GA 5,327,058 7.0190%
16894 2.50607 12/31/98GA 4,118,038 7.0190%
16895 2.26239 09/30/98IL 6,489,421 7.0190%
16896 2.43181 12/31/98MI 4,313,505 7.0190%
16897 2.82654 09/30/98MI 2,338,346 7.0190%
16898 1.96528 12/31/98NC 3,160,269 7.0190%
16908 1.73651 12/31/98NY 5,515,000 7.2700%
16910 1.21016 12/31/98ID 2,267,171 7.1200%
16916 1.158264 12/31/98NJ 9,842,540 7.2200%
16924 1.481189 12/31/98NJ 1,635,001 7.0500%
16928 1.92775 09/30/98CA 3,030,000 7.0700%
16929 1.06731 09/30/98IL 3,328,012 7.2500%
16937 2.90899 12/31/98NY 45,000,000 6.8500%
16940 1.66321 12/31/98FL 2,957,749 7.0500%
16942 0.81074 06/30/98NV 5,630,556 7.3750%
16947 2.41119 12/31/98FL 11,764,707 7.7500%
16948 1.4044 12/31/98CA 2,953,384 6.9900%
16952 1.29918 12/31/98GA 749,368 7.3750%
16953 1.38198 12/31/98GA 1,122,574 7.3750%
16954 1.1039 12/31/98GA 1,033,950 7.3750%
16955 1.44707 12/31/98GA 2,018,664 7.3750%
16956 1.52227 12/31/98GA 2,776,894 7.3750%
16957 1.84998 09/30/98GA 1,772,486 7.3750%
16958 1.60033 12/31/98GA 1,994,047 7.3750%
16959 1.4753 12/31/98FL 4,430,208 7.0000%
16960 1.32188 12/31/98UT 9,048,522 6.7000%
16964 1.1243 12/31/98MI 16,710,715 6.7900%
16971 MO 1,500,011 7.2500%
16975 1.388256 12/31/98CA 5,711,911 7.1100%
16987 1.36876 12/31/98OR 8,478,684 7.7700%
16988 1.54859 12/31/98OR 10,152,338 7.7700%
16996 1.66997 12/31/98OR 4,936,436 7.7200%
16997 1.310907 12/31/98OR 3,326,739 7.6700%
16998 0.9563 12/31/98MO 2,702,017 6.8000%
16999 1.01735 12/31/98MO 3,295,496 6.8000%
17000 NY 1,430,131 7.9400%
17004 1.21529 12/31/98CA 8,448,394 7.1300%
17028 1.70805 12/31/98IL 5,668,005 7.1250%
17032 1.766095 12/31/98MD 2,755,320 6.8500%
17034 1.51115 12/31/98MN 4,213,870 7.3750%
17049 2.89166 09/30/98RI 1,499,743 7.6200%
17054 1.33382 12/31/98VA 15,024,517 7.3900%
17056 1.232227 12/31/98VV 33,682,784 6.7500%
17063 1.1654 09/30/98MO 6,697,900 7.1700%
17070 1.27009 12/31/98CA 6,422,253 6.9200%
17075 0.11691 12/31/98TX 11,741,710 7.0100%
17088 1.20339 12/31/98CA 15,053,975 7.6300%
17093 0.9585 12/31/98NY 13,423,756 6.9100%
17102 1.45635 12/31/98MD 1,963,049 7.3400%
17108 1.37276 12/31/98CA 2,270,128 7.6100%
17113 1.175613 12/31/98MI 2,662,554 7.2700%
17118 1.334696 09/30/98DC 2,553,829 7.6000%
17119 1.107177 09/30/98DC 407,132 7.6000%
17162 1.445135 12/31/98MO 4,565,539 7.2500%
17169 1.56284 12/31/98DE 2,449,656 7.0000%
17177 1.39536 12/31/98CA 1,391,001 7.4200%
17194 1.40313 06/30/98VV 220,982,269 6.8100%
17223 1.08589 12/31/98TX 2,464,427 7.4500%
17232 1.37272 09/30/98CA 1,442,794 7.4200%
17236 1.86211 12/31/98CA 5,626,714 7.2300%
17239 1.56047 12/31/98DC 60,833,964 7.5000%
17279 1.43288 12/31/98NY 7,607,077 7.6250%
17353 0.9585 12/31/98NY 4,203,399 6.9100%
1,408,684,081.58
Loan
Disclosure Scheduled Prepayment Status
Control # P&I Prepayment Date Code (1)
1 331,265.50 0.00
2 82,268.51 0.00
3 79,820.36 0.00 A
4 66,462.97 0.00 A
5 58,853.72 0.00
7 48,371.12 0.00
8 42,887.47 0.00 A
9 35,594.54 0.00
10 32,741.29 0.00 A
11 28,851.09 0.00
12 27,470.42 0.00
13 21,403.33 0.00
14 18,475.17 0.00
15 14,775.33 0.00 A
16 9,808.49 0.00
17 7,454.87 0.00
18 418,459.01 0.00
19 143,809.00 0.00 A
23 48,028.99 0.00
24 36,595.23 0.00
25 33,837.93 0.00
26 30,160.65 0.00 A
27 26,103.36 0.00
28 24,185.58 0.00
30 19,921.00 0.00 A
31 16,986.63 0.00 A
32 16,029.54 0.00 A
33 14,855.75 0.00
34 14,497.79 0.00 A
15888 109,132.36 0.00 B
16084 48,460.75 0.00 A
16145 19,353.03 0.00
16173 46,507.90 0.00
16174 57,733.95 0.00
16223 13,112.11 0.00 B
16257 48,034.57 0.00
16288 18,017.60 0.00
16304 7,250.85 0.00
16305 4,529.88 0.00
16424 19,360.39 0.00
16458 33,313.17 0.00
16482 9,695.59 0.00
16498 16,804.24 0.00
16510 26,603.14 0.00
16517 16,646.13 0.00 B
16522 34,887.44 0.00
16539 357,021.52 0.00
16547 241,378.60 0.00
16553 41,609.61 0.00
16571 61,189.50 0.00
16592 37,207.46 0.00 B
16598 7,553.29 0.00
16609 112,925.39 0.00
16614 89,330.59 0.00 A
16632 43,053.74 0.00
16633 46,186.95 0.00
16658 59,194.86 0.00
16662 11,537.04 0.00
16662 11,537.04 0.00
16665 15,944.08 0.00
16666 11,154.58 0.00
16686 49,644.74 0.00 A
16691 80,791.40 0.00 A
16695 13,905.19 0.00 B
16708 10,842.47 0.00
16717 26,874.60 0.00 A
16721 50,739.06 0.00 A
16724 53,891.93 0.00
16725 61,395.87 0.00
16726 38,201.87 0.00
16731 29,929.14 0.00
16734 7,353.17 0.00
16739 48,853.16 0.00
16757 22,307.16 0.00 A
16761 70,126.99 0.00
16762 15,761.07 0.00
16773 8,847.42 0.00
16797 38,337.79 0.00 B
16801 15,752.50 0.00
16807 52,082.06 0.00
16809 15,634.61 0.00
16810 176,556.85 0.00 A
16825 69,098.72 0.00
16826 82,260.38 0.00
16835 18,127.89 0.00
16837 300,898.74 0.00
16847 49,949.62 0.00 A
16848 26,666.02 0.00 A
16849 27,477.22 0.00 A
16851 23,032.32 0.00 A
16861 7,318.51 0.00
16863 20,912.13 0.00
16866 30,409.56 0.00
16867 16,673.42 0.00
16868 22,526.46 0.00
16869 32,150.52 0.00
16870 57,595.14 0.00
16871 17,518.87 0.00
16872 16,322.02 0.00
16873 12,329.17 0.00
16874 62,506.12 0.00
16875 32,856.60 0.00
16876 70,498.03 0.00
16877 30,563.39 0.00
16878 25,314.10 0.00
16879 22,320.34 0.00
16880 0.00 0.00
16881 9,640.47 0.00
16882 24,554.91 0.00
16883 32,519.24 0.00
16884 16,593.19 0.00
16885 9,898.16 0.00
16886 18,078.77 0.00
16887 16,458.47 0.00
16888 12,997.73 0.00
16889 21,441.77 0.00
16890 18,251.77 0.00
16891 55,267.76 0.00
16892 28,611.81 0.00
16893 43,204.59 0.00
16894 33,398.95 0.00
16895 52,631.82 0.00
16896 34,984.27 0.00
16897 18,964.93 0.00
16898 25,631.06 0.00 A
16908 33,411.71 0.00
16910 15,487.76 0.00
16916 68,014.26 0.00 A
16924 13,231.15 0.00
16928 17,851.75 0.00
16929 23,023.45 0.00 B
16937 256,875.00 0.00
16940 20,271.93 0.00
16942 42,025.58 0.00
16947 90,639.46 0.00
16948 19,938.93 0.00
16952 5,256.04 0.00
16953 7,873.70 0.00
16954 7,252.09 0.00 A
16955 14,158.84 0.00
16956 19,477.04 0.00 A
16957 12,432.15 0.00 A
16958 13,986.17 0.00 A
16959 29,938.61 0.00
16960 59,947.30 0.00
16964 111,819.35 0.00 A
16971 21,476.57 0.00
16975 39,016.97 0.00 B
16987 66,109.34 39.10
16988 79,101.92 0.00
16996 35,717.01 0.00
16997 23,957.06 0.00
16998 21,373.51 0.00
16999 26,068.05 0.00
17000 10,579.00 0.00 B
17004 58,361.84 0.00
17028 38,738.82 0.00
17032 18,347.26 0.00 A
17034 36,852.49 0.00
17049 19,969.46 0.00 A
17054 106,454.33 0.00
17056 238,502.66 0.00 A
17063 46,019.58 0.00 A
17070 43,060.98 0.00
17075 85,691.56 0.00
17088 115,110.04 0.00
17093 248,271.16 0.00
17102 13,710.76 0.00 A
17108 16,255.53 0.00
17113 18,455.40 0.00
17118 18,269.68 0.00 A
17119 2,912.56 0.00 A
17162 31,584.76 0.00
17169 16,706.78 0.00
17177 9,781.80 0.00
171941,584,575.7 0.00 A
17223 17,394.85 0.00
17232 10,146.02 0.00
17236 39,218.52 0.00
17239 462,638.91 0.00
17279 58,473.47 0.00 A
17353 50,000.00 0.00
39.10
* NOI and DSCR, if available and reportable under the terms
of the trust agreement are based on information obtained from
the related borrower, and no other party to the agreement
shall be held liable for the accuracy or methodology used
to determine such figures.
(1) Legend:
A. P&I Adv - in Grace Period
B. P&I Adv - < one month delinq
1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months
3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I
5. Prepaid in Full
6. Specially Serviced
7. Foreclosure
8. Bankruptcy
9. REO
10. DPO
11. Modification
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Statement Date: 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
Beginning
Disclosure Scheduled Interest Maturity
Control # Balance Rate Date
0
Specially Serviced Loan Detail
Specially
Disclosure Property Serviced
Control # Type Status Code (Comments
0 0
0 0
0 0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
(1) Legend :
1) Request for waiver of Prepayment Penalty
2) Payment default
3) Request for Loan Modification or Workout
4) Loan with Borrower Bankruptcy
5) Loan in Process of Foreclosure
6) Loan now REO Property
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Statement Date: 08/16/99
Payment Date: 08/16/99
Prior Payment: 07/15/99
Record Date: 07/30/99
Modified Loan Detail
Disclosure ModificatioModification
Control # Date Description
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
0 01/00/00 0
ABN AMRO
LaSalle Bank N.A.
Administrator:
Ann Kelly (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
GMAC Commercial Mortgage Securities, Inc.
GMAC Commercial Mortgage Corporation as Servicer
Mortgage Pass-Through Certificates
Series 1998-C1
ABN AMRO Acct: 677923203
Statement D 08/16/99
Payment Dat 08/16/99
Prior Payme 07/15/99
Record Date 07/30/99
Realized Loss Detail
Beginning
Dist. Disclosure Appraisal Appraisal Scheduled
Date Control # Date Value Balance
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
01/00/00 0 01/00/00 0.00 0.00
Current Total 0.00
Cumulative 0.00
Gross ProceedAggregate Net Net Proceeds
Dist. Gross as a % of Liquidation Liquidation as a % of Realized
Date Proceeds Sched PrincipExpenses * Proceeds Sched.Balanc Loss
01/00/00 0.00 0.00
01/00/00 0.00 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
01/00/00 0.00 0.00% 0.00 0.00 0.00% 0.00
Current Tot 0.00 0.00 0.00 0.00
Cumulative 0.00 0.00 0.00 0.00
* Aggregate liquidation expenses also include outstanding
P&I advances and unpaid servicing fees, unpaid trustee fees,
etc..
_
