<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
STRUCTURAL AND COLLATERAL TERM SHEET
$1,128,114,000 (APPROXIMATE BALANCE) NOVEMBER 20, 2000
GMAC COMMERCIAL MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-C3
APPROXIMATE SECURITIES STRUCTURE:
---------------------------------
EXPECTED EXPECTED
EXPECTED APPROXIMATE CREDIT WEIGHTED EXPECTED
RATING FACE/NOTIONAL SUPPORT AVERAGE LIFE PAYMENT
CLASS (a) FITCH/MOODY'S AMOUNT (MM) (% OF UPB) (YEARS) (b) WINDOW (b)
--------------------------------------------------------------------------------
PUBLICLY OFFERED CLASSES
--------------------------------------------------------------------------------
A1 AAA/Aaa $148.6 21.25% 5.7 01/01 - 04/10
A2 AAA/Aaa 855.3 21.25 9.7 04/10 - 11/10
B AA/Aa2 54.2 17.00 9.9 11/10 - 11/10
C A/A2 57.4 12.50 9.9 11/10 - 11/10
D A-/A3 12.7 11.50 9.9 11/10 - 11/10
--------------------------------------------------------------------------------
PRIVATELY OFFERED CLASSES (c)
--------------------------------------------------------------------------------
E BBB/Baa2 35.1 8.75
F BBB-/Baa3 19.1 7.25
G BBB-/NR 8.0 6.63
H BB+/Ba1 9.9 5.85
J BB/Ba2 25.5 3.85
K BB-/Ba3 4.5 3.50
L B+/B1 9.6 2.75
M B/B2 15.9 1.50
N B-/B3 3.2 1.25
O CCC/Caa2 3.2 1.00
P NR/NR 12.8 --
X(d) AAA/Aaa 1,274.7
S
TOTAL SECURITIES: $1,274.7
--------------------------------------------------------------------------------
(a) Classes A1 and A2 are expected to have fixed pass-through rates. Classes B
through D are expected to have fixed pass-through rates subject to a cap
equal to the weighted average Net Mortgage Pass-Through Rate.
(b) Calculated at 0% CPR, assuming no balloon payment extension and that ARD
Loans pay in full on Anticipated Repayment Dates.
(c) Not offered hereby.
(d) Notional amount on interest only class.
KEY FEATURES:
-------------
Lead Managers: Deutsche Banc Alex. Brown
Goldman, Sachs & Co.
Originators: GMAC Commercial Mortgage Corporation (33.68%)
Archon Financial, L.P. (GSMC) (27.96%)
German American Capital Corporation (DB) (24.53%)
Residential Funding Corporation (13.83%)
Collateral: 175 Mortgage Loans ($1,274,707,224)
Master Servicer: GMAC Commercial Mortgage Corporation
Special Servicer: GMAC Commercial Mortgage Corporation
Trustee: LaSalle National Bank Association
Launch: November 2000
Pricing: November 2000
Closing: December 14th, 2000
Cut-Off Date: December 1st and 5th
Distribution Date: 15th of each month, or following business day
(commencing January 16, 2001)
Payment Delay: 15 days
ERISA Eligible: Classes A through D are expected
to be ERISA eligible subject to certain
conditions for eligibility.
SMMEA Eligible: Classes A1, A2, and B are
expected to be SMMEA securities upon
issuance.
Structure: Sequential pay
Day Count: 30/360
Tax Treatment: REMIC
Rated Final Distribution Date: September 2035
Clean up Call: 1.0%
Minimum Denominations: Publicly Offered Classes: $25,000 & $1
Delivery: DTC
================================================================================
COLLATERAL FACTS:
-----------------
Cut-Off Date Loan Principal Balance: $1,274,707,224
Number of Mortgage Loans / Properties: 175 / 197
Average Mortgage Loan Cut-Off Date Balance: $7,284,041
Weighted Average Current Mortgage Rate: 8.147%
Weighted Average Loan U/W DSCR (a): 1.43x
Weighted Average Loan Cut-Off Date LTV Ratio (a): 68.58%
Weighted Average Remaining Term to Maturity (months): 119.1
Weighted Average Remaining Amortization Term (months): 350.3
Prepayment Lockout / Defeasance as % of Total: 97.90%
Balloon Loans as % of Total (b) 99.70%
Single Largest Asset as % of Total: 11.44%
Five Largest Assets as % of Total: 29.62%
Ten Largest Assets as % of Total: 40.75%
(a) All DSCR and LTV information presented herein is generally calculated as
though any related earnout reserve had been applied to reduce or defease
the primary balance of the mortgage loan.
(b) Includes ARD loans totaling $361 mm and 28.32% of the Mortgage Loan
Cut-Off date balance.
TEN LARGEST LOANS OR SPONSORS:
------------------------------
<TABLE>
<CAPTION>
LOAN OR SPONSOR CURRENT % BY LOAN
(SHADOW RATING - FITCH/MOODY'S) BALANCE POOL UPB LTV DSCR PROPERTY TYPE
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Arizona Mills (BBB/Baa2) $145,831,430 11.44% 58.33% 1.58x Retail
MacArthur Center (AA+/Aa3) 101,000,000 7.92 46.54 2.17 Retail
1999 Broadway 49,966,246 3.92 63.25 1.48 Office
Drucker & Faulk Multifamily 49,291,990 3.87 76.80 1.27 Multifamily
Portfolio
AmeriSuites (BBB-/Baa3) 31,468,201 2.47 44.45 2.03 Lodging
201 East 14th Street 29,978,826 2.35 65.31 1.47 Multifamily
St. Croix Apartments 29,800,000 2.34 74.50 1.19 Multifamily
Coral Gate Apartments 28,340,494 2.22 78.72 1.25 Multifamily
Lichtenstein Retail Portfolio 28,331,922 2.22 74.95 1.26 Retail
Copper Canyon 25,472,358 2.00 78.38 1.24 Multifamily
------------ -----
TOTAL/WTD. AVG. $519,481,467 40.75% 61.76% 1.60x
------------------------------------------------------------------------------------------
</TABLE>
SELECTED LOAN DATA:
-------------------
<TABLE>
<CAPTION>
NUMBER OF LOAN POOL CUT-OFF DATE BALANCE
MORTGAGED -----------------------------------------
GEOGRAPHIC DISTRIBUTION PROPERTIES (MM) % BY UPB WTD. AVG. DSCR
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Arizona 7 $160.6 12.60% 1.56
Florida 18 136.6 10.72 1.30
California 19 126.0 9.89 1.29
Virginia 6 125.0 9.81 2.00
Texas 28 123.3 9.67 1.30
New York 14 72.9 5.72 1.34
Other (a) 105 530.3 41.60 1.35
--- ----- ------
TOTAL/WTD. AVG. 197 $1,274.7 100.00% 1.43x
-------------------------------------------------------------------------------
</TABLE>
(a) Includes 29 states.
<TABLE>
<CAPTION>
NUMBER OF LOAN POOL CUT-OFF DATE BALANCE
MORTGAGED -----------------------------------------
PROPERTY TYPE PROPERTIES (MM) % BY UPB WTD. AVG. DSCR
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Retail (a) 52 $522.2 40.97% 1.54x
Multifamily 72 389.3 30.54 1.27
Office 33 200.0 15.69 1.34
Lodging (b) 18 94.9 7.44 1.69
Industrial 14 45.9 3.60 1.35
Other 8 22.4 1.76 1.35
TOTAL/WTD. AVG. 197 $1,274.7 100.00% 1.43x
-------------------------------------------------------------------------------
</TABLE>
(a) Includes 31 properties for a total of $443.3 million (34.78% of UPB) that
are Anchored Retail.
(b) Eight Lodging properties (2.47% of UPB) comprise the investment grade
AmeriSuites loan
<TABLE>
<CAPTION>
LOAN POOL CUT-OFF DATE BALANCE
NUMBER ---------------------------------------
PREPAYMENT RESTRICTIONS OF LOANS (MM) % BY UPB WTD. AVG. DSCR
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Lockout/Defeasance 171 $1,248.0 97.90% 1.43x
Lockout/Greater of YM or 1% 3 25.7 2.02 1.28
Lockout/Declining Fee 1 1.0 0.08 1.33
TOTAL/WTD. AVG. 175 $1,274.7 100.00% 1.43x
--------------------------------------------------------------------------------
</TABLE>
ALL CALCULATIONS CONTAINED HEREIN ARE BASED SOLELY ON THE SENIOR MORTGAGE LOAN
WITH RESPECT TO THE MACARTHUR CENTER AND AMERISUITES LOAN GROUPS.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
STRUCTURAL OVERVIEW
--------------------------------------------------------------------------------
o For purposes of calculating principal distributions of the Certificates:
-- Available principal will be allocated sequentially to the Class A1,
A2, B, C, D, E, F, G, H, J, K, L, M, N, O and P certificates, except
as described below with respect to any certificates issued with
respect to the companion loans.
-- In case the principal balance of the Class P, O, N, M, L, K, J, H,
G, F, E, D, C, and B, in that order, have been reduced to zero due
to the allocation of principal losses, then Class A1 and A2 will be
allocated principal pro rata.
o Class X will be entitled to receive payments of interest only and will not
receive any payments of principal. Class X will be entitled to payments of
interest pro rata (based on interest entitlements) with the Class A1 and
A2 certificates each month.
o Each Class will be subordinate to the Class A1, A2, and X and to each
Class with an earlier alphabetic designation than such Class, except as
described below with respect to the certificates issued with respect to
the companion loans. Each of the Class A1, A2, and X Certificates will be
of equal priority.
o All Classes will pay interest on a 30/360 basis.
o Principal Losses will be allocated in reverse alphabetical order to Class
P, O, N, M, L, K, J, H, G, F, E, D, C, B, and then pro rata to Class A1
and A2, except as described below with respect to any certificates issued
with respect to the companion loans.
o The Master Servicer will cover net prepayment interest shortfalls on the
loans provided that with respect to any loans with due dates on or
preceding the related determination date the Master Servicer will only
cover net prepayment interest shortfalls up to the Master Servicing fee
equal to 2 basis points per annum. Net prepayment interest shortfalls
(after application of prepayment interest excesses on the mortgage and
companion loans and other Servicer coverage from the Master Servicing Fee)
will be allocated pro-rata (based on interest entitlements) to all regular
Certificates.
o Shortfalls resulting from Master Servicer and Special Servicer
modifications, Special Servicer compensation or other extraordinary trust
fund expenses will be allocated in reverse alphabetical order to classes
of outstanding regular Certificates other than to the Class X, except as
described below with respect to any certificates issued with respect to
the companion loans.
o Any certificates issued with respect to the companion loans will receive
principal and interest distributions only from the companion loan(s) for
the AmeriSuites loan group and the MacArthur Center loan group,
respectively. Prior to an event of default, the rights of any companion
loan to receive distributions of either principal or interest are
generally pari-passu with the related senior mortgage loan. After the
occurrence and continuance of an event of default on either loan group,
the rights of the related companion loan(s) to receive distributions of
either principal or interest will be subordinate to those of the related
senior mortgage loan. Losses with respect to any loan group will generally
be first allocated to the related companion loan(s) and then to the
related senior mortgage loan.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
ALLOCATION OF PREPAYMENT PREMIUMS (a)
--------------------------------------------------------------------------------
ALLOCATION OF PREPAYMENT PREMIUMS:
----------------------------------
Prepayment premiums and yield maintenance amounts with respect to all loans
other than the companion loans will be allocated between the related
Certificates then entitled to principal distributions and the Class X
Certificates as follows:
|X| A percentage of all prepayment premiums and yield maintenance amounts with
respect to all loans will be allocated to each class of the Certificates
then entitled to principal distributions, which percentage will be equal
to the product of (a) the percentage of the total principal distribution
that such Class receives, and (b) a percentage (which can be no greater
than 100%), the numerator of which is the excess, if any, of the
Pass-Through Rate of the Class of Certificates currently receiving
principal over the relevant Discount Rate, and the denominator of which is
the excess, if any, of the Mortgage Rate of the related Mortgage Loan over
the Discount Rate.
----------------------------------------------------------------------
Prepayment (Pass-Through Rate - Discount Rate)
Premium Allocation = -----------------------------------------
Percentage (Mortgage Rate - Discount Rate)
----------------------------------------------------------------------
|X| The remaining percentage of such prepayment premiums and yield maintenance
amounts will be allocated to the Class X Certificates.
|X| In general, this formula provides for an increase in the allocation of
prepayment premiums and yield maintenance premiums to the Certificates
then entitled to principal distributions relative to the Class X
Certificates as Discount Rates decrease and a decrease in the allocation
to such Classes as Discount Rates rise.
Allocation of Prepayment Premiums Example
-----------------------------------------
Discount Rate Fraction Methodology:
Mortgage Rate = 8%
Bond Class Rate = 6%
Treasury Rate = 5%
% of Principal Distributed to Class = 100%
BOND CLASS ALLOCATION | CLASS X ALLOCATION
--------------------------------|-----------------------------------------------
|
6% - 5% x 100% = 33 1/3% | Receives excess premiums = 66 2/3% thereof
------- |
8% - 5% |
(a) For further information regarding the allocation of prepayment premiums,
refer to the Prospectus Supplement.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
PREPAYMENT PROFILE
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
PREPAYMENT RESTRICTION ASSUMING NO PREPAYMENT OF PRINCIPAL (a) (b)
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT JANUARY JANUARY JANUARY JANUARY JANUARY JANUARY JANUARY JANUARY
RESTRICTIONS 2001 2002 2003 2004 2005 2006 2007 2008
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Locked out 100.00% 100.00% 7.09% 4.42% 0.00% 0.00% 0.00% 0.00%
Defeasance 0.00 0.00 91.71 93.70 97.90 97.90 97.90 97.89
Greater of 1% or Yield Maintenance 0.00 0.00 1.20 1.88 2.02 2.03 2.03 2.03
------------------------------------------------------------------------------------------------------------------------------------
Sub-Total 100.00 100.00 100.00 100.00 99.92 99.92 99.92 99.92
------------------------------------------------------------------------------------------------------------------------------------
5% or Greater 0.00 0.00 0.00 0.00 0.08 0.00 0.00 0.00
4.00 - 4.99% 0.00 0.00 0.00 0.00 0.00 0.08 0.00 0.00
3.00 - 3.99% 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.00
2.00 - 2.99% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.08
1.00 - 1.99% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Less than 1% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
Open 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
TOTAL 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Balance of Mortgage Loans ($mm) 1,274.71 1,265.15 1,254.61 1,243.02 1,230.73 1,214.59 1,199.79 1,183.73
% OF CUTOFF BALANCE 100.00% 99.25% 98.42% 97.51% 96.55% 95.28% 94.12% 92.86%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
PREPAYMENT JANUARY JANUARY JANUARY JANUARY JANUARY JANUARY JANUARY
RESTRICTIONS 2009 2010 2011 2012 2013 2014 2015
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Locked out 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Defeasance 97.89 94.92 100.00 100.00 100.00 100.00 100.00
Greater of 1% or Yield Maintenance 2.03 2.03 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------
Sub-Total 99.93 96.96 100.00 100.00 100.00 100.00 100.00
----------------------------------------------------------------------------------------------------------------------------
5% or Greater 0.00 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 0.00
3.00 - 3.99% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2.00 - 2.99% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1.00 - 1.99% 0.07 0.07 0.00 0.00 0.00 0.00 0.00
Less than 1% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------
Open 0.00 2.97 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------
TOTAL 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Balance of Mortgage Loans ($mm) 1,166.57 1,147.65 50.35 37.70 36.90 30.85 30.03
% OF CUTOFF BALANCE 91.52% 90.03% 3.95% 2.96% 2.90% 2.42% 2.36%
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Table calculated using modeling assumptions.
(b) Differences in totals may exist due to rounding.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
AVERAGE LIFE TABLE (IN YEARS)
(PREPAYMENTS LOCKED OUT THROUGH LOCK OUT PERIOD, DEFEASANCE, YIELD MAINTENANCE
AND PENALTY PERIOD THEN RUN AT THE INDICATED CPRs)
--------------------------------------------------------------------------------
--------------------------------------------------------------
PREPAYMENT ASSUMPTIONS (CPR)
0% CPR 25% CPR 50% CPR 75% CPR 100% CPR
--------------------------------------------------------------
A1 5.68 5.68 5.67 5.67 5.64
A2 9.74 9.73 9.72 9.69 9.51
B 9.92 9.91 9.89 9.84 9.67
C 9.92 9.92 9.92 9.92 9.67
D 9.92 9.92 9.92 9.92 9.67
--------------------------------------------------------------
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
DISTRIBUTION OF CUT-OFF DATE BALANCES
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PERCENTAGE WEIGHTED WEIGHTED
OF AVERAGE AVERAGE
NUMBER AGGREGATE AVERAGE WEIGHTED REMAINING CUT-OFF
OF CUT-OFF CUT-OFF CUT-OFF WEIGHTED AVERAGE TERM TO DATE
RANGE OF CUT-OFF MORTGAGE DATE DATE DATE AVERAGE MORTGAGE MATURITY LTV
DATE BALANCES LOANS BALANCE BALANCE BALANCE DSCR RATE (MOS) RATIO
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
367,295 - 499,999 1 367,295 0.03% 367,295 1.25x 9.140% 115.0 79.85%
500,000 - 999,999 23 18,679,381 1.47 812,147 1.33 8.653 116.0 68.15
1,000,000 - 1,999,999 33 50,554,656 3.97 1,531,959 1.33 8.386 114.5 70.31
2,000,000 - 2,999,999 21 52,478,177 4.12 2,498,961 1.32 8.369 116.8 71.26
3,000,000 - 3,999,999 18 61,206,038 4.80 3,400,335 1.40 8.337 116.7 70.92
4,000,000 - 4,999,999 18 82,702,845 6.49 4,594,603 1.31 8.361 120.4 71.85
5,000,000 - 5,999,999 10 55,125,932 4.32 5,512,593 1.35 8.455 117.4 72.43
6,000,000 - 6,999,999 10 63,924,083 5.01 6,392,408 1.30 8.257 121.0 76.40
7,000,000 - 7,999,999 1 7,272,151 0.57 7,272,151 1.23 8.150 118.0 79.91
8,000,000 - 8,999,999 4 35,101,387 2.75 8,775,347 1.30 8.408 114.8 72.89
9,000,000 - 9,999,999 4 37,992,471 2.98 9,498,118 1.34 8.298 116.2 70.49
10,000,000 - 11,999,999 3 32,707,519 2.57 10,902,506 1.34 8.269 118.7 74.63
12,000,000 - 13,999,999 9 116,433,805 9.13 12,937,089 1.25 8.327 117.0 73.94
14,000,000 - 16,999,999 5 76,279,887 5.98 15,255,977 1.27 7.959 117.8 78.26
17,000,000 - 19,999,999 6 113,692,119 8.92 18,948,687 1.25 8.116 117.2 75.06
20,000,000 - 49,999,999 7 223,358,047 17.52 31,908,292 1.43 8.148 126.2 67.55
50,000,000 - 145,831,430 2 246,831,430 19.36 123,415,715 1.82 7.708 118.0 53.51
--- ------------- ------
TOTAL/WTD. AVG. 175 1,274,707,224 100.00% 7,284,041 1.43x 8.147% 119.1 68.58%
=== ============= ======
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
DISTRIBUTION OF MORTGAGED PROPERTIES BY STATE (a)
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PERCENTAGE WEIGHTED WEIGHTED
OF AVERAGE AVERAGE
AGGREGATE AVERAGE WEIGHTED REMAINING CUT-OFF
NUMBER OF CUT-OFF CUT-OFF CUT-OFF WEIGHTED AVERAGE TERM TO DATE
MORTGAGED DATE DATE DATE AVERAGE MORTGAGE MATURITY LTV
PROPERTY STATE PROPERTIES BALANCE BALANCE BALANCE DSCR RATE (MOS) RATIO
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Arizona 7 $160,602,136 12.60% $22,943,162 1.56x 7.942% 118.0 59.23%
Florida 18 136,608,723 10.72 7,589,374 1.30 8.195 130.0 74.53
California 19 126,030,393 9.89 6,633,179 1.29 8.275 116.5 71.95
Virginia 6 125,025,894 9.81 20,837,649 2.00 7.621 117.5 51.54
Texas 28 123,280,284 9.67 4,402,867 1.30 8.206 117.3 74.93
New York 14 72,889,659 5.72 5,206,404 1.34 8.086 118.7 70.17
Colorado 3 53,814,748 4.22 17,938,249 1.47 7.981 118.8 64.05
Nevada 6 49,806,601 3.91 8,301,100 1.25 8.215 117.5 75.66
Pennsylvania 10 45,039,347 3.53 4,503,935 1.35 8.313 123.7 75.44
Maryland 6 43,562,322 3.42 7,260,387 1.44 8.256 117.3 66.17
Connecticut 8 41,967,857 3.29 5,245,982 1.31 8.487 116.0 74.30
North Carolina 7 37,813,320 2.97 5,401,903 1.35 8.255 117.5 74.59
Massachusetts 5 37,446,311 2.94 7,489,262 1.30 8.481 114.9 73.04
New Jersey 6 27,649,482 2.17 4,608,247 1.41 8.236 115.5 70.92
Minnesota 6 27,330,181 2.14 4,555,030 1.26 8.547 116.5 73.39
Michigan 4 24,134,678 1.89 6,033,670 1.37 8.277 117.8 74.89
Georgia 5 24,003,721 1.88 4,800,744 1.25 8.286 117.6 69.67
Washington 6 23,804,587 1.87 3,967,431 1.25 8.106 118.7 70.76
Illinois 7 18,578,346 1.46 2,654,049 1.32 8.397 128.2 75.12
South Carolina 3 16,420,526 1.29 5,473,509 1.27 8.328 117.6 77.02
New Mexico 2 8,810,794 0.69 4,405,397 1.89 8.303 118.6 50.53
Oregon 2 6,835,978 0.54 3,417,989 1.27 7.997 116.4 74.56
Utah 1 6,495,813 0.51 6,495,813 1.33 8.200 119.0 73.15
Idaho 1 6,395,852 0.50 6,395,852 1.26 8.170 119.0 75.25
Ohio 2 6,327,527 0.50 3,163,763 1.51 8.389 118.3 63.35
Vermont 1 5,185,037 0.41 5,185,037 1.46 8.750 117.0 64.01
Kentucky 2 3,394,377 0.27 1,697,188 1.26 8.350 117.0 77.16
Alabama 1 2,925,669 0.23 2,925,669 2.03 8.444 119.0 44.45
Wisconsin 1 2,919,727 0.23 2,919,727 1.27 8.000 117.0 78.70
Tennessee 1 2,672,175 0.21 2,672,175 2.03 8.444 119.0 44.45
Missouri 1 1,995,716 0.16 1,995,716 1.21 8.200 116.0 76.76
Rhode Island 3 1,897,538 0.15 632,513 1.27 8.761 115.0 77.27
Iowa 3 1,330,212 0.10 443,404 1.29 8.690 116.0 74.94
Indiana 1 872,266 0.07 872,266 1.27 8.770 115.0 62.30
Mississippi 1 839,427 0.07 839,427 1.31 7.920 119.0 76.31
--- -------------- ------
TOTAL/AVG./WTD. 197 $1,274,707,224 100.00% $6,470,595 1.43x 8.147% 119.1 68.58%
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) If a Mortgage Loan is secured by properties in multiple states, it is
treated as multiple Mortgage Loans each of which is allocated a cut-off
balance based on the allocated loan amount.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
--------------------------------------------------------------------------------
[MAP OF UNITED STATES]
WA 1.87% AZ 12.60% MO 0.16% KY 0.27% VA 9.81% MA 2.94%
OR 0.54% CO 4.22% WI 0.23% TN 0.21% NC 2.97% RI 0.15%
CA 9.89% NM 0.69% IL 1.46% MS 0.07% SC 1.29% CT 3.29%
ID 0.50% TX 9.67% MI 1.89% AL 0.23% GA 1.88% NJ 2.17%
NV 3.91% MN 2.14% IN 0.07% NY 5.72% FL 10.72% MD 3.42%
UT 0.51% IA 0.10% OH 0.50% PA 3.53% VT 0.41%
[PIE CHART]
Other (a) 26.52%
Arizona 12.60%
Florida 10.72%
California 9.89%
Viriginia 9.81%
Texas 9.67%
New York 5.72%
Colorado 4.22%
Nevada 3.91%
Pennsylvania 3.53%
Maryland 3.42%
(a) Other includes 25 states.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
DISTRIBUTION OF PROPERTY TYPES
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PERCENTAGE WEIGHTED WEIGHTED
OF AVERAGE AVERAGE
AGGREGATE AVERAGE WEIGHTED REMAINING CUT-OFF
NUMBER OF CUT-OFF CUT-OFF CUT-OFF WEIGHTED AVERAGE TERM TO DATE
MORTGAGED DATE DATE DATE AVERAGE MORTGAGE MATURITY LTV
PROPERTY TYPE PROPERTIES BALANCE BALANCE BALANCE DSCR RATE (MOS) RATIO
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Retail (a) 52 $522,224,773 40.97% $10,042,784 1.54x 8.021% 117.5 64.72%
Multifamily 72 389,271,657 30.54 5,406,551 1.27 8.128 123.0 74.68
Office 33 200,045,888 15.69 6,061,997 1.34 8.209 117.5 70.33
Lodging (b) 18 94,859,820 7.44 5,269,990 1.69 8.632 116.7 60.59
Industrial 14 45,933,861 3.60 3,280,990 1.35 8.389 117.4 69.94
Mixed Use 1 9,455,001 0.74 9,455,001 1.33 7.940 118.0 68.51
Mobile Home Park 4 7,776,844 0.61 1,944,211 1.36 8.587 116.5 69.99
Self-Storage 3 5,139,379 0.40 1,713,126 1.35 8.750 116.3 64.27
--- -------------- ------
TOTAL/WTD. AVG. 197 $1,274,707,224 100.00% $6,470,595 1.43x 8.147% 119.1 68.58%
=== ============== ======
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Includes 31 properties for a total of $443.3 million (34.78% of Aggregate
Cut-Off Date Balance) that are Anchored Retail.
(b) Eight Lodging properties (2.47% of Aggregate Cut-Off Date Balance)
comprise the investment grade AmeriSuites loan
(c) Other includes one Mixed Use property, four Mobile Home properties and
three Self-Storage properties.
[GRAPHICAL REPRESENTATION OF PIE CHART]
Retail (a) 40.97%
Multifamily 30.54%
Office 15.69%
Lodging (b) 15.69%
Industrial 3.60%
Other 1.75%
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
DISTRIBUTION OF UNDERWRITTEN NCF DEBT SERVICE COVERAGE RATIOS
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PERCENTAGE WEIGHTED WEIGHTED
OF AVERAGE AVERAGE
NUMBER AGGREGATE AVERAGE WEIGHTED REMAINING CUT-OFF
RANGE OF DEBT OF CUT-OFF CUT-OFF CUT-OFF WEIGHTED AVERAGE TERM TO DATE
SERVICE COVERAGE MORTGAGE DATE DATE DATE AVERAGE MORTGAGE MATURITY LTV
RATIOS LOANS BALANCE BALANCE BALANCE DSCR RATE (MOS) RATIO
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1.11 - 1.19x 4 $41,960,805 3.29% $10,490,201 1.19x 8.309% 174.1 77.00%
1.20 - 1.29 99 610,308,747 47.88 6,164,735 1.25 8.237 117.3 75.04
1.30 - 1.39 33 136,686,398 10.72 4,142,012 1.33 8.209 116.5 73.55
1.40 - 1.49 20 158,374,808 12.42 7,918,740 1.46 8.268 117.2 67.34
1.50 - 1.59 11 169,390,189 13.29 15,399,108 1.57 7.955 117.0 59.31
1.60 - 1.69 4 18,442,651 1.45 4,610,663 1.64 8.364 117.8 61.54
1.90 - 1.99 1 3,288,994 0.26 3,288,994 1.97 8.650 116.0 56.71
2.00 - 2.09 2 35,254,632 2.77 17,627,316 2.03 8.430 118.7 45.49
2.10 - 2.19 1 101,000,000 7.92 101,000,000 2.17 7.437 118.0 46.54
--- -------------- ------
TOTAL/WTD. AVG. 175 $1,274,707,224 100.00% $7,284,041 1.43x 8.147% 119.1 68.58%
=== ============== ======
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
--------------------------------------------------------------------------------
DISTRIBUTION OF CUT-OFF DATE LOAN TO VALUE AT ORIGINATION RATIOS
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PERCENTAGE WEIGHTED WEIGHTED
OF AVERAGE AVERAGE
NUMBER AGGREGATE AVERAGE WEIGHTED REMAINING CUT-OFF
RANGE OF CUT-OFF OF CUT-OFF CUT-OFF CUT-OFF WEIGHTED AVERAGE TERM TO DATE
DATE LOAN-TO-VALUE MORTGAGE DATE DATE DATE AVERAGE MORTGAGE MATURITY LTV
RATIOS LOANS BALANCE BALANCE BALANCE DSCR RATE (MOS) RATIO
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
40.1 - 45.0% 1 $31,468,201 2.47% $31,468,201 2.03x 8.444% 119.0 44.45%
45.1 - 50.0 2 101,948,369 8.00 50,974,185 2.16 7.444 118.0 46.56
50.1 - 55.0 3 7,739,417 0.61 2,579,806 1.75 8.272 116.9 53.69
55.1 - 60.0 7 161,943,684 12.70 23,134,812 1.58 7.952 117.9 58.27
60.1 - 65.0 20 103,637,169 8.13 5,181,858 1.42 8.220 118.0 62.96
65.1 - 70.0 31 151,049,107 11.85 4,872,552 1.35 8.220 117.5 67.76
70.1 - 75.0 49 274,130,616 21.51 5,594,502 1.29 8.392 122.9 73.17
75.1 - 80.0 59 430,136,048 33.74 7,290,441 1.26 8.159 117.2 77.97
80.1 - 85.0 3 12,654,613 0.99 4,218,204 1.21 8.342 159.9 84.25
--- -------------- ------
TOTAL/WTD. AVG. 175 $1,274,707,224 100.00% $7,284,041 1.43x 8.147% 119.1 68.58%
=== ============== ======
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
DISTRIBUTION OF MORTGAGE INTEREST RATES
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PERCENTAGE WEIGHTED WEIGHTED
OF AVERAGE AVERAGE
NUMBER AGGREGATE AVERAGE WEIGHTED REMAINING CUT-OFF
OF CUT-OFF CUT-OFF CUT-OFF WEIGHTED AVERAGE TERM TO DATE
RANGE OF MORTGAGE DATE DATE DATE AVERAGE MORTGAGE MATURITY LTV
MORTGAGE RATES LOANS BALANCE BALANCE BALANCE DSCR RATE (MOS) RATIO
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
7.2501 - 7.5000 1 $101,000,000 7.92% $101,000,000 2.17x 7.437% 118.0 46.54%
7.5001 - 7.7500 1 29,978,826 2.35 29,978,826 1.47 7.750 119.0 65.31
7.7501 - 8.0000 18 324,765,529 25.48 18,042,529 1.44 7.907 119.1 65.91
8.0001 - 8.2500 50 352,726,473 27.67 7,054,529 1.27 8.159 118.0 74.57
8.2501 - 8.5000 54 325,690,210 25.55 6,031,300 1.37 8.364 122.9 71.54
8.5001 - 8.7500 34 93,069,078 7.30 2,737,326 1.35 8.661 114.2 69.37
8.7501 - 9.0000 12 37,304,834 2.93 3,108,736 1.35 8.904 113.1 70.01
9.0001 - 9.2500 4 9,267,732 0.73 2,316,933 1.37 9.195 112.1 68.69
9.5001 - 9.6300 1 904,541 0.07 904,541 1.20 9.630 173.0 60.30
--- -------------- ------
TOTAL/WTD. AVG. 175 $1,274,707,224 100.00% $7,284,041 1.43x 8.147% 119.1 68.58%
=== ============== ======
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
--------------------------------------------------------------------------------
DISTRIBUTION OF REMAINING AMORTIZATION TERMS (a)
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PERCENTAGE WEIGHTED WEIGHTED
OF AVERAGE AVERAGE
NUMBER AGGREGATE AVERAGE WEIGHTED REMAINING CUT-OFF
OF CUT-OFF CUT-OFF CUT-OFF WEIGHTED AVERAGE TERM TO DATE
RANGE OF REMAINING MORTGAGE DATE DATE DATE AVERAGE MORTGAGE MATURITY LTV
AMORTIZATION TERMS (MOS) LOANS BALANCE BALANCE BALANCE DSCR RATE (MOS) RATIO
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
171 - 190 2 $1,983,041 0.16% $991,520 1.17x 8.798% 173.0 63.49%
231 - 250 1 1,881,300 0.15 1,881,300 1.24 8.900 113.0 69.68
271 - 290 1 4,116,011 0.32 4,116,011 1.23 8.360 118.0 73.50
291 - 310 35 134,234,558 10.53 3,835,273 1.59 8.585 116.4 63.34
311 - 330 3 3,028,070 0.24 1,009,357 1.26 8.521 114.3 68.43
331 - 360 133 1,129,464,245 88.61 8,492,212 1.41 8.091 119.4 69.19
--- -------------- ------
TOTAL/WTD. AVG. 175 $1,274,707,224 100.00% $7,284,041 1.43x 8.147% 119.1 68.58%
=== ============== ======
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) 174 loans representing 92.08% of the Aggregate Cut-Off Date Balance accrue
interest on an Actual/360 or an Acutal/365 basis but have a monthly
payment calculated on a 30/360 schedule. Accordingly, the actual
amortization term is longer for these loans than the stated amortization
term reflected in the table above.
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
DISTRIBUTION OF ORIGINAL TERMS TO MATURITY
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PERCENTAGE WEIGHTED WEIGHTED
OF AVERAGE AVERAGE
NUMBER AGGREGATE AVERAGE WEIGHTED REMAINING CUT-OFF
OF CUT-OFF CUT-OFF CUT-OFF WEIGHTED AVERAGE TERM TO DATE
RANGE OF ORIGINAL TERM TO MORTGAGE DATE DATE DATE AVERAGE MORTGAGE MATURITY LTV
MATURITY (MOS) LOANS BALANCE BALANCE BALANCE DSCR RATE (MOS) RATIO
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
60 - 83 2 $2,594,554 0.20% $1,297,277 1.50x 8.873% 55.0 75.76%
84 - 120 167 1,216,097,324 95.40 7,282,020 1.44 8.140 117.2 68.19
121 - 180 6 56,015,346 4.39 9,335,891 1.20 8.270 163.5 76.65
--- -------------- ------
TOTAL/WTD. AVG. 175 $1,274,707,224 100.00% $7,284,041 1.43x 8.147% 119.1 68.58%
=== ============== ======
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
--------------------------------------------------------------------------------
DISTRIBUTION OF REMAINING TERMS TO MATURITY
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PERCENTAGE WEIGHTED WEIGHTED
OF AVERAGE AVERAGE
NUMBER AGGREGATE AVERAGE WEIGHTED REMAINING CUT-OFF
OF CUT-OFF CUT-OFF CUT-OFF WEIGHTED AVERAGE TERM TO DATE
RANGE OF REMAINING MORTGAGE DATE DATE DATE AVERAGE MORTGAGE MATURITY LTV
TERMS TO MATURITY (MOS) LOANS BALANCE BALANCE BALANCE DSCR RATE (MOS) RATIO
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
51 - 70 2 $2,594,554 0.20% $1,297,277 1.50x 8.873% 55.0 75.76%
91 - 110 3 14,483,673 1.14 4,827,891 1.29 8.623 109.4 68.80
111 - 120 164 1,201,613,650 94.27 7,326,913 1.44 8.134 117.3 68.19
121 - 130 1 13,150,000 1.03 13,150,000 1.23 8.050 129.0 76.68
151 - 170 1 6,085,660 0.48 6,085,660 1.18 8.500 156.0 84.82
171 - 190 4 36,779,686 2.89 9,194,921 1.19 8.310 177.1 75.29
--- -------------- ------
TOTAL/WTD. AVG. 175 $1,274,707,224 100.00% $7,284,041 1.43x 8.147% 119.1 68.58%
=== ============== ======
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
DISTRIBUTION OF AMORTIZATION TYPES
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PERCENTAGE WEIGHTED WEIGHTED
OF AVERAGE AVERAGE
NUMBER AGGREGATE AVERAGE WEIGHTED REMAINING CUT-OFF
OF CUT-OFF CUT-OFF CUT-OFF WEIGHTED AVERAGE TERM TO DATE
MORTGAGE DATE DATE DATE AVERAGE MORTGAGE MATURITY LTV
AMORTIZATION TYPE LOANS BALANCE BALANCE BALANCE DSCR RATE (MOS) RATIO
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Amortizing Balloon 143 $909,896,397 71.38% $6,362,912 1.43x 8.091% 119.8 68.56%
Hyperamortizing 30 360,962,673 28.32 12,032,089 1.42 8.287 117.4 68.60
Fully Amortizing 2 3,848,154 0.30 1,924,077 1.28 8.506 129.4 71.54
--- -------------- ------
TOTAL/WTD. AVG. 175 $1,274,707,224 100.00% $7,284,041 1.43x 8.147% 119.1 68.58%
=== ============== ======
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
--------------------------------------------------------------------------------
DISTRIBUTION OF PREPAYMENT PROVISIONS
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PERCENTAGE WEIGHTED WEIGHTED
OF AVERAGE AVERAGE
NUMBER AGGREGATE AVERAGE WEIGHTED REMAINING CUT-OFF
OF CUT-OFF CUT-OFF CUT-OFF WEIGHTED AVERAGE TERM TO DATE
MORTGAGE DATE DATE DATE AVERAGE MORTGAGE MATURITY LTV
PREPAYMENT PROVISION LOANS BALANCE BALANCE BALANCE DSCR RATE (MOS) RATIO
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Defeasance 171 $1,247,980,138 97.90% $7,298,129 1.43x 8.150% 119.2 68.44%
Greater of YM or 1% UPB 3 25,731,243 2.02 8,577,081 1.28 8.000 117.4 75.34
Declining Fee 1 995,843 0.08 995,843 1.33 8.540 115.0 68.21
--- -------------- ------
TOTAL/WTD. AVG. 175 $1,274,707,224 100.00% $7,284,041 1.43x 8.147% 119.1 68.58%
=== ============== ======
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
ARIZONA MILLS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
MORTGAGE LOAN INFORMATION
--------------------------------------------------------------------------------
ORIGINAL CUT-OFF DATE
-------- ------------
PRINCIPAL BALANCE: $146,000,000 $145,831,430
% OF POOL BY UPB 11.44%
ORIGINATOR: GMACCM and GSMC
NOTE DATE: October 2, 2000
INTEREST RATE: 7.895%
AMORTIZATION: 30 years
MATURITY DATE: October 5, 2010
BORROWER/SPONSOR: The Borrower is Arizona Mills, LLC a
bankruptcy-remote SPE sponsored by Mills
Corporation (NYSE: MLS), Taubman Realty Group
(NYSE: TCO) (BBB-/Ba2 - S&P/Moody's) and Simon
Property Group (NYSE: SPG) (BBB+/Baa1 -
S&P/Moody's).
CALL PROTECTION: Prepayment lockout; U.S. Treasury defeasance.
CROSS-COLLATERALIZATION/ DEFAULT: NAP/NAP
ADDITIONAL FINANCING: In addition to trade payables incurred in the
ordinary course of business, the borrower may
incur up to $3,000,000 of debt secured by
personal property at the Arizona Mills
property, such that the aggregate amount of
such additional debt does not exceed 4.0% of
the outstanding principal balance of the
Arizona Mills loan.
CASH MANAGEMENT: Hard Lockbox
MONTHLY RESERVES Real Estate Tax Reserve: $259,442.83
Insurance Reserve: $5,392.33
Replacement Reserve: $15,375.00
Initial TI/LC Reserve: $1,117,478.99
In addition, a monthly TI/LC Reserve of
$108,333.33 will be collected after certain
trigger events.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
PROPERTY INFORMATION
--------------------------------------------------------------------------------
SINGLE ASSET/PORTFOLIO: Single Asset
PROPERTY TYPE: Anchored Retail, Regional Mall
LOCATION: Tempe, AZ
YEAR BUILT / RENOVATED: 1997/NAP
THE COLLATERAL: The loan is secured by a 1.23 million square
foot value-oriented regional mall anchored by
J.C. Penney, Oshmans Supersport, Burlington
Coat Factory and Harkins Great Mall Cinema and
located in Tempe, AZ.
PROPERTY MANAGEMENT: The property is managed by the Mills
Corporation, an affiliate of the Borrower.
CURRENT OCCUPANCY (11/20/00): 97.9%
UNDERWRITTEN NET CASH FLOW: $20,097,142
APPRAISED VALUE: $250,000,000
APPRAISAL DATE: August 30, 2000
CUT-OFF DATE LOAN/SF: $118.56
CUT-OFF DATE LTV: 58.33%
BALLOON LTV: 52.09%
UWNCF DSCR: 1.58x
--------------------------------------------------------------------------------
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
ARIZONA MILLS
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ANCHORS
------------------------------------------------------------------------------------------------------------------------------------
TENANT SQUARE FEET % OF TOTAL NRA LEASE EXPIRATION 7/98 TO 6/99 7/99 TO 6/00 OCCUPANCY COST
SALES PSF SALES PSF
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
JC Penney (a) 104,697 8.51% 11/30/2012 $246 $237 2.3%
------------------------------------------------------------------------------------------------------------------------------------
Harkins Theater 92,320 7.51 11/19/2012 142 162 9.1
------------------------------------------------------------------------------------------------------------------------------------
Burlington Coat Factory 80,426 6.54 1/31/2013 134 149 3.8
------------------------------------------------------------------------------------------------------------------------------------
Oshman's Supersport 65,013 5.29 1/31/2013 97 118 5.6
------------------------------------------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE 342,456 27.84% $163 $174 5.1%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) JC Penney is rated BBB/Baa2/BBB- by S&P/Moody's/Fitch
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------
NEXT FIVE LARGEST RETAIL TENANTS
----------------------------------------------------------------------------------------------------------
TENANT SQUARE FEET % OF TOTAL NRA LEASE EXPIRATION
----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Linens & Things 40,057 3.26% 1/31/2013
----------------------------------------------------------------------------------------------------------
Gameworks 37,348 3.04 11/30/2007
----------------------------------------------------------------------------------------------------------
Off 5th (Saks) (b) 34,716 2.82 11/19/2012
----------------------------------------------------------------------------------------------------------
Marshall's 31,315 2.55 11/30/2007
----------------------------------------------------------------------------------------------------------
Virgin Megastore 30,822 2.51 1/31/2009
----------------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE 174,258 14.17%
----------------------------------------------------------------------------------------------------------
</TABLE>
(b) Saks, inc. is rated BB+/Baa3/BBB- by S&P/Moody's/Fitch
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
MACARTHUR CENTER
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SENIOR MORTGAGE LOAN INFORMATION
--------------------------------------------------------------------------------
ORIGINAL CUT-OFF DATE
-------- ------------
PRINCIPAL BALANCE: $101,000,000 $101,000,000
% OF POOL BY UPB: 7.92%
ORIGINATOR: Archon Financial, LP
NOTE DATE: October 19, 2000
INTEREST RATE: 7.437%
AMORTIZATION: 30 years
ARD DATE: October 1, 2010
BORROWER/SPONSOR: The Borrower, MacArthur Shopping Center, LLC,
is sponsored by the Taubman Realty Group
(NYSE: TCO).
CALL PROTECTION: Prepayment lockout; U.S. Treasury defeasance.
CROSS-COLLATERALIZATION/ DEFAULT: NAP/Yes, Cross Defaulted with the $44 million
MacArthur Companion loans
ADDITIONAL FINANCING: In addition to the senior mortgage loan, there
are two companion loans secured by the first
mortgage of the related loan group with an
aggregate cut-off date principal balance of
$43,883,791. These loans are fully subordinate
to the related senior mortgage loan. In
addition, the Borrower may incur up to (i)
$2,500,000 of debt secured by fixtures,
equipment, or personal property at the
MacArthur Center property, and (ii) $4,000,000
of trade payables incurred in the ordinary
course of business.
CASH MANAGEMENT: Hard Lockbox
RESERVES: $665,000 per annum for TI/LC's if the Loan
Group DSCR based on adjusted NOI, as tested
quarterly, falls below 1.28x;
Ground lease rent, tax and insurance reserves
if the Loan Group DSCR based on adjusted NOI,
as tested quarterly, falls below 1.23x;
The Borrower is required to fund a reserve or
post letters of credit in the amount of (I)
$2.8 million and (ii) $400,000 if Regal
Cinemas or Rainforest Cafe fails to pay rent
or ceases operations. In addition, with
respect to Regal, the reserve is triggered if
Regal files bankruptcy and debt service
coverage at the Property falls below 1.40x.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
PROPERTY INFORMATION
--------------------------------------------------------------------------------
SINGLE ASSET/PORTFOLIO: Single Asset
PROPERTY TYPE: Anchored Retail, Regional Mall
LOCATION: Norfolk, VA
YEAR BUILT / RENOVATED: 1999 / NAP
THE COLLATERAL: A 942,668, three-level urban regional retail
center anchored by Nordstrom and Dillard's and
located in downtown Norfolk, VA. The anchor
improvements are independently owned and are
not part of the collateral for the loan. Total
Mall Shop GLA equal 528,846 square feet.
PROPERTY MANAGEMENT: The property is managed by Taubman Company,
L.P., an affiliate of the Borrower.
CURRENT OCCUPANCY (09/06/00): 90.4%
UNDERWRITTEN NET CASH FLOW: $18,387,394
APPRAISED VALUE: $217,000,000
APPRAISAL DATE: September 13, 2000
CUT-OFF DATE LOAN/MALL SHOP GLA: $190.98
CUT-OFF DATE LTV: 46.54%
BALLOON LTV: 41.01%
UWNCF DSCR: 2.17x
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
LOAN GROUP INFORMATION
--------------------------------------------------------------------------------
LOAN GROUP CUT-OFF DATE
PRINCIPAL BALANCE: $144,883,791
LOAN GROUP CUT-OFF DATE
PRINCIPAL BALANCE/MALL
SHOP GLA: $274.15
LOAN GROUP INTEREST RATE: 7.59%
LOAN GROUP UWNCF DSCR: 1.48x
LOAN GROUP CUT-OFF DATE LTV: 66.77%
--------------------------------------------------------------------------------
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
MACARTHUR CENTER
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------
ANCHORS (a)
---------------------------------------------------------------------------------------------------------
TENANT SQUARE FEET % OF TOTAL GLA S&P / MOODY'S CREDIT RATING
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Nordstrom's 160,200 17.0% A / A2
---------------------------------------------------------------------------------------------------------
Dillard's 253,616 26.9 BBB- / Baa3
---------------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE 413,816 43.9%
---------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------
Five Largest Retail Tenants
---------------------------------------------------------------------------------------------------------
TENANT SQUARE FEET % OF TOTAL GLA (b) LEASE EXPIRATION
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
The Rainforest Cafe 15,980 3.7% 5/31/2009
---------------------------------------------------------------------------------------------------------
Foot Locker 14,711 3.4% 3/31/2009
---------------------------------------------------------------------------------------------------------
Waves 10,000 2.3% 1/31/2009
---------------------------------------------------------------------------------------------------------
Restoration Hardware 10,000 2.3% 1/31/2012
---------------------------------------------------------------------------------------------------------
Z Gallerie 9,500 2.2% 3/31/2009
---------------------------------------------------------------------------------------------------------
</TABLE>
(a) The Anchor Tenants are independently owned and are not part of the
collateral for the loan
(b) Based on Mall Shop GLA and does not include Regal Cinema, Inc. (78,752 sf)
and Jeepers! (20,001 sf)
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
1999 BROADWAY
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
MORTGAGE LOAN INFORMATION
--------------------------------------------------------------------------------
ORIGINAL CUT-OFF DATE
-------- ------------
PRINCIPAL BALANCE: $50,000,000 $49,966,246
% OF POOL BY UPB 3.92%
ORIGINATOR: German American Capital Corporation
NOTE DATE: October 20, 2000
INTEREST RATE: 7.97%
AMORTIZATION: 30 years
ARD DATE: November 1, 2010
BORROWER/SPONSOR: The Borrower is 1999 Broadway, LLC, a
bankruptcy remote SPE sponsored by Winthrop
Financial Associates.
CALL PROTECTION: Prepayment lockout; U.S. Treasury defeasance.
CROSS-COLLATERALIZATION/ DEFAULT: NAP/NAP
ADDITIONAL FINANCING: None
CASH MANAGEMENT: Hard Lockbox
MONTHLY RESERVES TI/LC: $70,047.92
Replacement Reserve: $10,595.58
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
PROPERTY INFORMATION
--------------------------------------------------------------------------------
SINGLE ASSET/PORTFOLIO: Single Asset
PROPERTY TYPE: Office
LOCATION: Denver, CO
YEAR BUILT / RENOVATED: 1985/NAP
THE COLLATERAL: The loan is secured by a 635,737 square foot,
43-story office building located in the
central business district of Denver, CO.
PROPERTY MANAGEMENT: The property is managed by Winthrop
Management, LLC, an affiliate of the Borrower.
CURRENT OCCUPANCY (9/1/00): 96.0%
UNDERWRITTEN NET CASH FLOW: $6,499,426
APPRAISED VALUE: $79,000,000
APPRAISAL DATE: September 2, 2000
CUT-OFF DATE LOAN/SF: $78.60
CUT-OFF DATE LTV: 63.25%
BALLOON LTV: 56.54%
UWNCF DSCR: 1.48x
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
1999 BROADWAY
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
FIVE LARGEST TENANTS
--------------------------------------------------------------------------------
TENANT SQUARE FEET % OF TOTAL NRA LEASE EXPIRATION
--------------------------------------------------------------------------------
Columbine JDS 100,420 15.80% 12/31/08
--------------------------------------------------------------------------------
US West (Qwest) (a) 68,448 10.77 12/31/02
--------------------------------------------------------------------------------
GSA - Dept. of Labor 55,774 8.77 9/30/10
--------------------------------------------------------------------------------
Lucent Technologies, Inc. 55,532 8.73 12/31/05
--------------------------------------------------------------------------------
H.S. Resources, Inc. 52,749 8.30 6/14/03
--------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE 332,923 52.37%
--------------------------------------------------------------------------------
(a) Aggregated space including multiple leases, the earliest of which expires
12/31/02
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
DRUCKER & FAULK MULTIFAMILY PORTFOLIO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
MORTGAGE LOAN INFORMATION
--------------------------------------------------------------------------------
ORIGINAL CUT-OFF DATE
-------- ------------
PRINCIPAL BALANCE: $49,350,000 $49,291,990
% OF POOL BY UPB 3.87%
ORGINATOR: Archon Financial, LP
NOTE DATE: September 29, 2000
INTEREST RATE: 7.79-7.89%
AMORTIZATION: 30 Years
MATURITY DATE: October 1, 2010
BORROWER/SPONSOR: Three loans made to borrowers with a related
sponsor.
CALL PROTECTION: Prepayment lockout; U.S. Treasury defeasance.
CROSS-COLLATERALIZATION/ DEFAULT: Loans are not cross-collateralized or
cross-defaulted.
ADDITIONAL FINANCING: None
CASH MANAGEMENT: None
MONTHLY RESERVES: Replacement: $20,266.67
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
PROPERTY INFORMATION
--------------------------------------------------------------------------------
SINGLE ASSET/PORTFOLIO: 3 Loan Portfolio
PROPERTY TYPE: Multifamily
LOCATION: Orlando, FL (2) & Morrisville, NC
YEAR BUILT / RENOVATED: 1984 & 1987, 1994 & 1998,
and 1999 / NAP
THE COLLATERAL: The loans are secured by three multifamily
properties with a total of 1,129 units, two of
which are located in Orlando, FL and one of
which is located in Morrisville, NC.
PROPERTY MANAGEMENT: The properties are managed by Drucker & Faulk,
an affiliate of the Borrower
AGGREGATE OCCUPANCY
(9/18 - 9/19/00): 94.5%
AGGREGATE UNDERWRITTEN
NET CASH FLOW: $5,423,196
APPRAISED VALUE: $64,200,000
APPRAISAL DATE: August 31 & September 14, 2000
CUT-OFF DATE LOAN/UNITS: $43,660
CUT-OFF DATE LTV: 76.80%
BALLOON LTV: 68.47%
UWNCF DSCR: 1.27x
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
COLLATERAL DETAILS
---------------------------------------------------------------------------------------------------------------------------
PROPERTY/LOCATION CUT-OFF DATE BALANCE APPRAISED VALUE LTV UNITS OCCUPANCY
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Harbor Pointe Apartments Orlando, FL $18,378,727 $24,000,000 76.58% 600 92.0%
---------------------------------------------------------------------------------------------------------------------------
Brittany at Waterford Lakes Orlando, FL 15,831,186 21,000,000 75.39 276 98.0
---------------------------------------------------------------------------------------------------------------------------
Cross Timbers Apartments Morrisville, NC 15,082,076 19,200,000 78.55 253 94.0
---------------------------------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE $49,291,990 $64,200,000 76.80% 1129 94.5%
---------------------------------------------------------------------------------------------------------------------------
</TABLE>
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
AMERISUITES
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SENIOR MORTGAGE LOAN INFORMATION
--------------------------------------------------------------------------------
ORIGINAL CUT-OFF DATE
-------- ------------
PRINCIPAL BALANCE: $31,500,000 $31,468,201
% OF POOL BY UPB 2.47%
ORIGINATOR: GMACCM
NOTE DATE: October 19, 2000
INTEREST RATE: 8.44385%
AMORTIZATION: 25 years
MATURITY DATE: November 1, 2010
BORROWER/SPONSOR: The Borrower is EQI Financing V, LP, a single
purpose, bankruptcy-remote entity sponsored by
Equity Inns, Inc. (NYSE: ENN).
CALL PROTECTION: Prepayment lockout for twenty-four months;
U.S. Treasury defeasance there after
CROSS-COLLATERALIZATION/ DEFAULT: Yes / Yes
ADDITIONAL FINANCING: There is an additional companion
loan secured by the first mortgage of the
related loan pair with a cut-off date
principal balance $4,495,457. This loan is
fully subordinate to the related senior
mortgage loan.
CASH MANAGEMENT: Hard Lockbox
RESERVES: Monthly Tax: $87,087.83
Debt Service: $73,112.22
Replacement: 4% of operating revenues if
trailing twelve-month DSCR
falls below 1.45x
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
PROPERTY INFORMATION
--------------------------------------------------------------------------------
SINGLE ASSET/PORTFOLIO: Portfolio
PROPERTY TYPE: Hospitality
LOCATION: Various
YEAR BUILT / RENOVATED: 1986-1997/1998-1999
THE COLLATERAL: The loan is secured by eight hotels with a
total of 965 units located throughout the
United States.
PROPERTY MANAGEMENT: Six of the properties are managed by Prime
Hospitality Corp. One is managed by
Interstate Hotels Management, Inc. One is
managed by Meristar Management Company, LLC.
CURRENT OCCUPANCY (9/1/00): 74.6%
UNDERWRITTEN NET CASH FLOW: $6,175,617
APPRAISED VALUE: $70,800,000
APPRAISAL DATE: August, 2000
CUT-OFF DATE LOAN/UNIT: $32,610
CUT-OFF DATE LTV: 44.45%
BALLOON LTV: 36.92%
UWNCF DSCR: 2.03x
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
LOAN GROUP INFORMATION
-------------------------------------------------------------------------------
LOAN GROUP CUT-OFF DATE
PRINCIPAL BALANCE: $35,963,658
LOAN GROUP CUT-OFF DATE
PRINCIPAL BALANCE/UNIT: $37,268
LOAN GROUP INTEREST RATE: 8.25%
LOAN GROUP UWNCF DSCR: 1.81x
LOAN GROUP CUT-OFF DATE LTV: 50.80%
-------------------------------------------------------------------------------
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
ALL INFORMATION IN THIS TERM SHEET, WHETHER REGARDING THE ASSETS BACKING ANY
SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED BY THE INFORMATION
CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY SOLD TO YOU.
--------------------------------------------------------------------------------
COLLATERAL TERM SHEET
AMERISUITES
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
COLLATERAL DETAILS
---------------------------------------------------------------------------------------------------------------------------------
PROPERTY CITY STATE # OF UNITS YEAR BUILT OCCUPANCY (a) ADR (a) CUT-OFF DATE BALANCE
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
AmeriSuites Tampa Tampa Florida 126 1994 72.4% $94.59 6,721,957
---------------------------------------------------------------------------------------------------------------------------------
AmeriSuites Linthicum Heights Linthicum Maryland 128 1996 83.4 86.81 5,678,262
---------------------------------------------------------------------------------------------------------------------------------
AmeriSuites Albuquerque Albuquerque New Mexico 128 1997 79.6 68.49 5,314,629
---------------------------------------------------------------------------------------------------------------------------------
Residence Inn Somers Point Somers Point New Jersey 120 1986 75.8 105.21 4,720,230
---------------------------------------------------------------------------------------------------------------------------------
AmeriSuites Birmingham Hoover Alabama 128 1997 69.4 67.30 2,925,668
---------------------------------------------------------------------------------------------------------------------------------
Homewood Suites Germantown Germantown Tennessee 92 1996 66.1 86.64 2,672,175
---------------------------------------------------------------------------------------------------------------------------------
AmeriSuites Forest Park Forest Park Ohio 126 1992 62.2 72.33 2,211,515
---------------------------------------------------------------------------------------------------------------------------------
AmeriSuites Flagstaff Flagstaff Arizona 117 1993 71.7 60.52 1,223,763
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WEIGHTED AVERAGE 965 74.6% $80.00 $31,468,201
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Occupancy and ADR as of 8/00
This material is for your private information and we are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that we consider reliable, but we do not represent that it is
accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the
material to any other person. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. We and our affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including in cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. All information in this Term Sheet, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you.
This material is furnished to you by Goldman, Sachs & Co. and Deutsche Bank
Securities, Inc. and not by the issuer of the securities. Goldman, Sachs & Co.
and Deutsche Bank Securities, Inc. are acting as the lead managers and neither
of these parties are acting as agent for the issuer or its affiliates in
connection with the proposed transaction. Neither the issuer nor any of its
affiliates has prepared or taken part in the preparation of these materials and
neither makes any representation as to the accuracy of these materials.
<PAGE>
Prospective investors are advised to read carefully, and should rely solely on,
the information contained in the final prospectus supplement and the related
prospectus (the "Final Prospectus") in making their investment decision.
This diskette relates to the preliminary prospectus, dated November 20, 2000 and
the related prospectus dated November 20, 2000 (together, the "Preliminary
Prospectus") relating to the GMAC Commercial Mortgage Securities, Inc., Mortgage
Pass-Through Certificates Series 2000-C3.
This diskette should be reviewed only in conjunction with the entire Preliminary
Prospectus. This diskette does not contain all relevant information relating to
the underlying Mortgage Loans. Such information is described elsewhere in the
Preliminary Prospectus.
Any information contained on this diskette will be more fully described
elsewhere in the Preliminary Prospectus and definitively set forth in the Final
Prospectus.
The information on this diskette should not be viewed as projections, forecasts,
predictions or opinions with respect to value. Prior to making any investment
decision, a prospective investor shall receive and should carefully review the
Preliminary Prospectus.
NOTHING IN THIS DISKETTE SHOULD BE CONSIDERED AN OFFER TO SELL OR A SOLICITATION
OF AN OFFER TO BUY THE CERTIFICATES.
<PAGE>
<TABLE>
<CAPTION>
CONTROL
NUMBER LOAN SELLER LOAN NUMBER PROPERTY NAME PROPERTY TYPE
<S> <C> <C> <C> <C>
1 GMACCM 24082 Arizona Mills Anchored Retail
2 GMACCM GSMC 1 MacArthur Center Anchored Retail
3 Deutsche Bank DBM13840 1999 Broadway Building Office
4 GMACCM 29734 AmeriSuites Lodging
4a GMACCM 29734-A AmeriSuites - Birmingham Lodging
4b GMACCM 29734-B AmeriSuites Uptown - Albuquerque Lodging
4c GMACCM 29734-C AmeriSuites - Linthicum Heights Lodging
4d GMACCM 29734-D AmeriSuites - Tampa Lodging
4e GMACCM 29734-E AmeriSuites - Flagstaff Lodging
4f GMACCM 29734-F AmeriSuites - Forest Park Lodging
4g GMACCM 29734-G Homewood Suites - Germantown Lodging
4h GMACCM 29734-H Residence Inn - Somers Point Lodging
------------------------------------------------------------------------------------------------------------------------------------
5 Deutsche Bank DBM13657 201 East 14th - Coral Tower Multifamily
6 GMACCM 21015 St. Croix Apartments at Pelican Marsh Multifamily
7 Deutsche Bank DBM12838 Coral Gate Apartments Multifamily
8 GMACCM 28723 Lichtenstein Retail Portfolio Anchored Retail
8a GMACCM 28723-A Hale Road Plaza Anchored Retail
8b GMACCM 28723-B Christmas Tree Shops Plaza Anchored Retail
8c GMACCM 28723-C Bernie's Plaza Anchored Retail
------------------------------------------------------------------------------------------------------------------------------------
9 Deutsche Bank DBM14078 Copper Canyon Apartments Multifamily
10 Deutsche Bank DBM13207 201 East 86th Street Retail
11 GMACCM 28450 Governor's Square Apartments Multifamily
12 Archon Financial 09-0001378 Poinsettia Plaza/Main Retail Plaza Anchored Retail
13 Archon Financial 09-0001401 Harbor Pointe Apartments Multifamily
------------------------------------------------------------------------------------------------------------------------------------
14 Deutsche Bank DBM9716 A-C Development Portfolio Anchored Retail
14a Deutsche Bank DBM9716-A Georgetown Square Shopping Center Anchored Retail
14b Deutsche Bank DBM9716-B Lake Murray Shopping Center Anchored Retail
14c Deutsche Bank DBM9716-C Litchfield Market Village Anchored Retail
14d Deutsche Bank DBM9716-D Piggly Wiggly Anchored Retail
------------------------------------------------------------------------------------------------------------------------------------
15 Deutsche Bank DBM8915 Maryland Trade Center III Office
16 Archon Financial 09-0001403 Brittany at Waterford Lakes Apartments Multifamily
17 Archon Financial 09-0001392 Uptown Center Office
18 Archon Financial 09-0001388 Long Beach Town Square Anchored Retail
19 Archon Financial 09-0001402 Cross Timbers Apartments Multifamily
------------------------------------------------------------------------------------------------------------------------------------
20 GMACCM 29497 Briargrove Plaza Shopping Center Anchored Retail
21 RFC 991091618 Valley Creek Office Property Office
22 Deutsche Bank DBM11332 Colonial Townhouse Multifamily
23 RFC 11029238 Athens Promenade Anchored Retail
24 RFC 11029240 DeZavala Oaks Apartments Multifamily
------------------------------------------------------------------------------------------------------------------------------------
25 GMACCM 27395 Bound Brook Apartments Multifamily
26 Deutsche Bank DBM12916 B & O Building Office
27 Deutsche Bank DBM12721 Napa Valley Apartments Multifamily
28 RFC 991091621 Courtyard by Marriott - Orange Lodging
29 GMACCM 28997 Hillside Village Shopping Center Anchored Retail
------------------------------------------------------------------------------------------------------------------------------------
30 Archon Financial 09-0001380 One North Main Office
31 GMACCM 28269 Holiday Inn-Pittsburgh Airport Lodging
32 Archon Financial 09-0001412 International Business Park IV Office
33 GMACCM 27302 Fairfax Circle Shopping Center Retail
34 Archon Financial 09-0001367 East Town Center Anchored Retail
------------------------------------------------------------------------------------------------------------------------------------
35 RFC 991091659 Avanex II Industrial
36 Archon Financial 09-0001399 1200 Pacific Avenue Mixed Use
37 Archon Financial 09-0001381 Winchester Meadows Anchored Retail
38 RFC 991091630 Porter Square Galleria Retail
39 Archon Financial 09-0001398 Waterview Apartments Multifamily
------------------------------------------------------------------------------------------------------------------------------------
40 RFC 991091620 Courtyard by Marriott - Westborough Lodging
41 Deutsche Bank DBM12603 Dominion Plaza Anchored Retail
42 RFC 991091256 Windover of Melbourne Apartments Multifamily
43 Deutsche Bank DBM12582 Ridge Carlton Apartments Multifamily
44 Deutsche Bank DBM13891 Whisper Hollow Multifamily
------------------------------------------------------------------------------------------------------------------------------------
45 RFC 991091662 Park Colony Apartments Multifamily
46 Deutsche Bank DBM13933 265 East Office Building Office
47 Archon Financial 09-0001385 Pioneer Plaza I & II Office
48 Deutsche Bank DBM14180 Chandler's Mill Apartments Multifamily
49 Deutsche Bank DBM13255 Industry Hills Business Park Industrial
------------------------------------------------------------------------------------------------------------------------------------
50 GMACCM 28270 Courtyard by Marriott Lodging
51 GMACCM 28492 Vistas at Northbrook Multifamily
52 Archon Financial 09-0001365 Belle Mill Landing Anchored Retail
53 GMACCM 28640 Fairfield Inn by Marriott Lodging
54 RFC 991091255 Windover Health Club Apartments Multifamily
------------------------------------------------------------------------------------------------------------------------------------
55 Deutsche Bank DBM13573 Pineridge Shopping Center Anchored Retail
56 Archon Financial 09-0001369 Valley High Business Center Office
57 Deutsche Bank DBM10207 Dove Canyon Plaza Retail
58 RFC 11029222 The Willows Apartments Multifamily
59 GMACCM 24767 Villages at McClintock Multifamily
------------------------------------------------------------------------------------------------------------------------------------
60 GMACCM 28491 TownePlace Suites by Marriott Lodging
61 GMACCM 28350 Bay Shore Retail Center Retail
62 Archon Financial 09-0001386 Hillsdale Office Center Office
63 GMACCM 28616 Waterford at Summit View Apartments Multifamily
64 GMACSLP 01-1026848 Bongiovanni Apartment Portfolio Multifamily
64a GMACSLP 01-1026848-A 2100 Westbury Court Apartments Multifamily
64b GMACSLP 01-1026848-B 2110 Westbury Court Apartments Multifamily
64c GMACSLP 01-1026848-C 3506 Newkirk Avenue Apartments Multifamily
------------------------------------------------------------------------------------------------------------------------------------
65 Deutsche Bank DBM12720 Pennyfield Estates Multifamily
66 Archon Financial 09-0001391 Crystal Lake Apartments Multifamily
67 RFC 11029255 Fowler Plaza Retail
68 RFC 991091257 Windover Golden Pointe Multifamily
69 Deutsche Bank DBM13574 Kelley Corner Anchored Retail
------------------------------------------------------------------------------------------------------------------------------------
70 RFC 991091664 Bluffs IV Office
71 GMACSLP 01-1027968 2911 Florence Avenue Retail Retail
72 Archon Financial 09-0001334 Home-Kim Group Industrial
73 Archon Financial 09-0001397 Greencastle Market Place Anchored Retail
74 Deutsche Bank DBM13892 High Point Apartments Multifamily
------------------------------------------------------------------------------------------------------------------------------------
75 GMACCM 28493 Courtyard by Marriott Lodging
76 Deutsche Bank DBM13744 Powerline Business Center Industrial
77 Archon Financial 09-0001387 Hanke Building Office
78 Archon Financial 09-0001407 Sierra Town Center Anchored Retail
79 Archon Financial 09-0001382 Sequoia Grove Multifamily
------------------------------------------------------------------------------------------------------------------------------------
80 Archon Financial 09-0001349 Little River Square Shopping Center Anchored Retail
81 GMACCM 28499 Courtyard by Marriott (MI) Lodging
82 GMACSLP 01-1027711 Parkview Professional Building Office
83 GMACCM 28497 Fairfield Inn by Marriott (TX) Lodging
84 Archon Financial 09-0001376 Arizona Corporate Center Industrial
------------------------------------------------------------------------------------------------------------------------------------
85 GMACCM 29297 Amtech Systems Corporation Facility Industrial
86 GMACSLP 01-1026840 Kendall Apartment Portfolio Multifamily
86a GMACSLP 01-1026840-A 39th Street Apartments Multifamily
86b GMACSLP 01-1026840-B Sutton Place Apartments Multifamily
86c GMACSLP 01-1026840-C Winston Drive Apartments Multifamily
86d GMACSLP 01-1026840-D 25th Street Apartments Multifamily
86e GMACSLP 01-1026840-E Kennedy Drive Apartments Multifamily
86f GMACSLP 01-1026840-F Loganwood Apartments Multifamily
------------------------------------------------------------------------------------------------------------------------------------
87 Archon Financial 09-0001396 Cardinal Plaza Shopping Center Anchored Retail
88 RFC 991091661 Linens & Things Retail
89 Archon Financial 09-0001366 Mill Plain Court Apartments Multifamily
90 GMACCM 27443 Microtel Inn & Suites (Maryland) Lodging
91 RFC 991091652 Wellington Mobile Home Park Mobile Home Park
------------------------------------------------------------------------------------------------------------------------------------
92 RFC 991091668 Suncrest Village Apartments Multifamily
93 Deutsche Bank DBM13675 77 Arkay & 89 Cabot Various
93a Deutsche Bank DBM13675-A 77 Arkay Drive Office
93b Deutsche Bank DBM13675-B 89 Cabot Court Industrial
94 GMACCM 28233 Bainbridge Self-Storage Self-Storage
------------------------------------------------------------------------------------------------------------------------------------
95 Archon Financial 09-0001411 Garden Court Apartments Multifamily
96 Archon Financial 09-0001375 Varnell Crossing Shopping Center Anchored Retail
97 Archon Financial 09-0001404 South Hill Park Professional Center Office
98 RFC 11029223 Best Buy Mankato Anchored Retail
99 GMACCM 28394 Pine Circle Townhomes Multifamily
------------------------------------------------------------------------------------------------------------------------------------
100 RFC 991091254 Windover of Fort Pierce Apartments Multifamily
101 Archon Financial 09-0001373 Muir Heights Apartments Multifamily
102 RFC 991091647 Metro Park Complex Industrial
103 Archon Financial 09-0001400 Granite Industrial Center Industrial
104 Archon Financial 09-0001410 Durango Crossing Shopping Center Anchored Retail
------------------------------------------------------------------------------------------------------------------------------------
105 Archon Financial 09-0001394 One Summerside Place Office
106 Archon Financial 09-0001393 Shepherd Hills Center Office
107 GMACSLP 01-1026670 Island Mall Retail
108 RFC 991091633 Route One Crossing Retail
109 RFC 991091653 Riverbend MHP Mobile Home Park
------------------------------------------------------------------------------------------------------------------------------------
110 Deutsche Bank DBM12529 Shiels Medical Center Plaza I & II Office
111 Archon Financial 09-0001408 Alder Square Office Building Office
112 GMACCM 27764 Timberlake Courts Apartments Multifamily
113 Deutsche Bank DBM13456 First Banister and Banister Place Office
114 RFC 991091657 Eckerd Drug/Children's Hospital Anchored Retail
------------------------------------------------------------------------------------------------------------------------------------
115 RFC 991091654 Beacon Commons Multifamily
116 Deutsche Bank DBM12485 Brightleaf Shopping Center Anchored Retail
117 Deutsche Bank DBM13977 Madison Springs Plaza Anchored Retail
118 RFC 11029256 Mission Square Retail Center Retail
119 GMACSLP 01-1025159 Highland Park Apartments Multifamily
------------------------------------------------------------------------------------------------------------------------------------
120 GMACSLP 01-1026870 Ashley Apartment Building Multifamily
121 Archon Financial 09-0001370 Thomasville Furniture Showroom Anchored Retail
122 Archon Financial 09-0001374 7419-7431 Lindbergh Drive Industrial
123 GMACSLP 01-1028013 Carlton Heights Apartments Multifamily
124 Archon Financial 09-0001372 Insight AirCenter Industrial
------------------------------------------------------------------------------------------------------------------------------------
125 RFC 991091632 Louis Brandman and Sons Retail
126 RFC 991091646 Empire Building Multifamily
127 RFC 991091669 Courtyard Park Multifamily
128 RFC 991091631 Lansdale & Five Points Apartments Multifamily
129 Archon Financial 09-0001390 Cavalier Office Park - Building B Office
------------------------------------------------------------------------------------------------------------------------------------
130 GMACSLP 01-1027426 Colonial Apartments Multifamily
131 GMACCM 27963 University Avenue Office Building Office
132 Archon Financial 09-0001389 Cavalier Office Park - Building A Office
133 GMACSLP 01-1024923 Trinity Towers, Brittany Apartments, Wagner Apts Multifamily
133a GMACSLP 01-1024923-A Trinity Towers Apartments Multifamily
133b GMACSLP 01-1024923-B Brittany Apartments Multifamily
133c GMACSLP 01-1024923-C Wagner Apartments Multifamily
------------------------------------------------------------------------------------------------------------------------------------
134 RFC 991091622 Federal Plaza Shopping Center Retail
135 RFC 991091666 Parkwood Square Shopping Center Retail
136 Deutsche Bank DBM13480 Alhambra Mobile Home Park Mobile Home Park
137 RFC 991091626 Carrollton/Del-Mar Apartments Multifamily
138 RFC 991091624 Grand Manor Apartments Multifamily
------------------------------------------------------------------------------------------------------------------------------------
139 GMACCM 27587 Airline Medical Office Office
140 GMACSLP 01-1027758 171 - 181 Market Street Office Office
141 GMACCM 27965 Congress Avenue Office Park I Office
142 RFC 991091635 Ath-Dara Multifamily
143 RFC 11029249 Bridgewater Mews Office
------------------------------------------------------------------------------------------------------------------------------------
144 Deutsche Bank DBM13324 Foothills Business Park Industrial
145 RFC 991091644 Descanso Plaza Apartments Multifamily
146 GMACSLP 01-1027009 Hudson Place Apartments Multifamily
147 GMACSLP 01-1025837 Greenville Shopping Center Retail
148 GMACCM 26252 Hunt Club Apartments Multifamily
------------------------------------------------------------------------------------------------------------------------------------
149 GMACCM 28267 El Camino Real Courtyards Office
150 RFC 991091619 Bluebird Apartments Multifamily
151 RFC 991091628 Wexford Apartments Multifamily
152 GMACSLP 01-1026862 Beach AC Mini-Storage Self-Storage
153 GMACSLP 01-1026872 Palmetto Medical Park Office
------------------------------------------------------------------------------------------------------------------------------------
154 GMACCM 28261 Arcadia Business Center Office
155 RFC 991091627 South Lamar Retail Retail
156 RFC 991091663 Wheatley Plaza Apartments Multifamily
157 GMACSLP 01-1024063 100 East Main Office Office
158 GMACSLP 01-1027024 Patriot Self Storage Self-Storage
------------------------------------------------------------------------------------------------------------------------------------
159 GMACCM 27964 Beach Professional Plaza Office
160 GMACSLP 01-1027879 374 South 5th Street Apartments Multifamily
161 RFC 991091645 210-230 West Nyack Road Industrial
162 GMACSLP 01-1023747 Independent Packaging Industrial Building Industrial
163 GMACCM 28992 Brentstone Apartments Multifamily
------------------------------------------------------------------------------------------------------------------------------------
164 RFC 991091650 Metacom Apartments Multifamily
165 RFC 991091634 Oak Apartments Multifamily
166 RFC 991091649 Metacom Retail Retail
167 GMACSLP 01-1028782 367 South 5th Street Multifamily Multifamily
168 RFC 11029241 La Comercia Retail
------------------------------------------------------------------------------------------------------------------------------------
169 RFC 991091623 Plant City Shopping Center Retail
170 GMACSLP 01-1028014 Fairfield Apartments Multifamily
171 RFC 991091655 Southern Acres MHP Mobile Home Park
172 RFC 991091651 Willow Lane Apartments Multifamily
173 RFC 991091665 Huffmeister Plaza Retail
------------------------------------------------------------------------------------------------------------------------------------
174 RFC 991091625 Belmont Square Retail
175 RFC 991091658 15-17 Massasoit Ave. Multifamily
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CONTROL
NUMBER ADDRESS CITY STATE
<S> <C> <C> <C>
1 5000 Arizona Mills Circle Tempe Arizona
2 300 Monticello Avenue Norfolk Virginia
3 1999 Broadway Denver Colorado
4
4a 2980 Highway 150 Hoover Alabama
4b 6901 Arvada Avenue, N.E. Albuquerque New Mexico
4c 940 International Drive Linthicum Heights Maryland
4d 4811 West Main Street Tampa Florida
4e 2455 South Beulah Boulevard Flagstaff Arizona
4f 12001 Chase Plaza Drive Forest Park Ohio
4g 7855 Wolf River Parkway Germantown Tennessee
4h 900 Mays Landing Road Somers Point New Jersey
------------------------------------------------------------------------------------------------------------------------------------
5 201 East 14th Street New York New York
6 4600 St. Croix Lane Naples Florida
7 6990 N.W. 186th Street Miami Florida
8
8a 120 Hale Road Manchester Connecticut
8b 1505 South Washington Street North Attleboro Massachusetts
8c 40 Cumberland Avenue North Attleboro Massachusetts
------------------------------------------------------------------------------------------------------------------------------------
9 5055 West Hacienda Avenue Las Vegas Nevada
10 201 East 86th Street New York New York
11 520 P Street, 1451 3rd Street Sacramento California
12 4250-4360 East Main Street & 4687-4731 Telephone Road Ventura California
13 5757 Five Flags Boulevard Orlando Florida
------------------------------------------------------------------------------------------------------------------------------------
14
14a 821 King George Boulevard Savannah Georgia
14b 760 US Highway 378 Lexington South Carolina
14c 115 Willbrook Boulevard Pawley's Island South Carolina
14d 1338 North Way (US Hwy 17) Darien Georgia
------------------------------------------------------------------------------------------------------------------------------------
15 7501 Greenway Center Drive Greenbelt Maryland
16 701 Brittany Lakes Lane Orlando Florida
17 2626 Howell Street Dallas Texas
18 3978 Cherry Avenue Long Beach California
19 900 Golden Horseshoe Circle Morrisville North Carolina
------------------------------------------------------------------------------------------------------------------------------------
20 6100 - 6154 Westheimer Road Houston Texas
21 8301, 8401, & 8501 Golden Valley Road Golden Valley Minnesota
22 29 Foster Drive Willimantic Connecticut
23 3640-3660 Atlanta Highway Athens Georgia
24 6033 DeZavala Road San Antonio Texas
------------------------------------------------------------------------------------------------------------------------------------
25 West Union Avenue Bound Brook New Jersey
26 2 North Charles Baltimore Maryland
27 1349 Horizon Ridge Parkway Henderson Nevada
28 136 Marsh Hill Road Orange Connecticut
29 6441 E. Mockingbird Lane Dallas Texas
------------------------------------------------------------------------------------------------------------------------------------
30 101 North Main Street Ann Arbor Michigan
31 1406 Beers School Road Moon Township Pennsylvania
32 6504 International Parkway Plano Texas
33 9629-9703 Lee Highway Fairfax Virginia
34 2090 Lincoln Highway East East Lampeter Township Pennsylvania
------------------------------------------------------------------------------------------------------------------------------------
35 40949 Encyclopedia Circle Fremont California
36 1200 Pacific Avenue Santa Cruz California
37 40335-40355 Winchester Road Temecula California
38 One Porter Square Cambridge Massachusetts
39 220 First Street Kirkland Washington
------------------------------------------------------------------------------------------------------------------------------------
40 3 Technology Drive Westborough Massachusetts
41 333 Dominion Blvd./1620 Cedar Road Chesapeake Virginia
42 2255 Friday Court #225 West Melbourne Florida
43 7373 Ridge Avenue Philadelphia Pennsylvania
44 3300 Parker Lane Austin Texas
------------------------------------------------------------------------------------------------------------------------------------
45 9127 N. Potter Road Des Plaines Illinois
46 265 East 100 South Street Salt Lake City Utah
47 1109 & 1211 W. Myrtle Boise Idaho
48 6350 MeadowVista Corpus Christi Texas
49 15940-16056 Amar Rd., 15940-16063 Kaplan Avenue City of Industry California
------------------------------------------------------------------------------------------------------------------------------------
50 2700 Hoppe Trail Round Rock Texas
51 619 West Orlando Avenue Normal Illinois
52 94 West Belle Mill Road Red Bluff California
53 2750 Slater Road Morrisville North Carolina
54 5496 Fitness Circle Orlando Florida
------------------------------------------------------------------------------------------------------------------------------------
55 1788 East Broad Avenue Rockingham North Carolina
56 3535-3625 40th Avenue Northwest Rochester Minnesota
57 31911-31991 Dove Canyon Drive Trabuco Canyon California
58 49330 Carlos Road Chesterfield Township Michigan
59 1701 East Don Carlos Avenue Tempe Arizona
------------------------------------------------------------------------------------------------------------------------------------
60 66 Zephyr Road Williston Vermont
61 3845 Bayshore Road Lower Township New Jersey
62 1291 & 1295 East Hillsdale Boulevard Foster City California
63 8301 Presidents Drive Swatara Township Pennsylvania
64
64a 2100 Westbury Court Brooklyn New York
64b 2110 Westbury Court Brooklyn New York
64c 3506 Newkirk Avenue Brooklyn New York
------------------------------------------------------------------------------------------------------------------------------------
65 10 Pennyfield Avenue Bronx New York
66 1600-1768 Crystal Lake Drive Corvallis Oregon
67 2301 East Fowler Avenue Tampa Florida
68 2555 Friday Court #225 West Melbourne Florida
69 230 Kelly Street Lake City South Carolina
------------------------------------------------------------------------------------------------------------------------------------
70 6305 & 6309 Carpinteria Avenue Carpinteria California
71 2911 Florence Avenue Los Angeles California
72 10103 Residency Road Manassas Virginia
73 N. Antrim Way (Route 11) at Walter Avenue Greencastle Pennsylvania
74 2400 Wickersham Lane Austin Texas
------------------------------------------------------------------------------------------------------------------------------------
75 80 Northeast Loop 410 San Antonio Texas
76 5601 North Powerline Road Fort Lauderdale Florida
77 1110-1130 Main Street Cincinnati Ohio
78 2020 Craig Road North Los Vegas Nevada
79 900-986 Podva Road Danville California
------------------------------------------------------------------------------------------------------------------------------------
80 1312 West Granthan Street Goldsboro North Carolina
81 1592 Mall Drive Benton Harbor Michigan
82 1800 Rockaway Avenue Hewlett New York
83 88 Northeast Loop 410 San Antonio Texas
84 531 & 561 E. Elliot Rd and 574 E. Alamo Dr. Chandler Arizona
------------------------------------------------------------------------------------------------------------------------------------
85 8600 Jefferson Street, NE Albuquerque New Mexico
86
86a 975, 1005, 1015 39th Street Bettendorf Iowa
86b 1832 - 1836 Sutton Court Bettendorf Iowa
86c 3370 - 3400 Winston Drive Bettendorf Iowa
86d 3902 25th Street Moline Illinois
86e 2005 - 2007 Kennedy Drive East Moline Illinois
86f 2104 18th Avenue Moline Illinois
------------------------------------------------------------------------------------------------------------------------------------
87 1419 East Andrews Avenue Henderson North Carolina
88 3200 Mall Loop Drive Joliet Illinois
89 16410 SE 5th Street Vancouver Washington
90 1170 Winterson Road Linthicum Maryland
91 245 Lancaster Drive Reno Nevada
------------------------------------------------------------------------------------------------------------------------------------
92 10901 & 11061 Village Bend Lane Houston Texas
93
93a 77 Arkay Drive Hauppauge New York
93b 89 Cabot Court Hauppauge New York
94 9300 Sportsman Club Road NE Bainbridge Island Washington
------------------------------------------------------------------------------------------------------------------------------------
95 119 19th Ave. E Seattle Washington
96 3901 Cleveland Highway Varnell Georgia
97 702 South Hill Park Drive Puyallup Washington
98 1895 Adam Street Mankato Minnesota
99 7102-7196 Lodgepole Drive, SE Grand Rapids Michigan
------------------------------------------------------------------------------------------------------------------------------------
100 2476 Atlantis Drive Ft. Pierce Florida
101 2129 Muir Field Road Madison Wisconsin
102 333 Metro Park Rochester New York
103 3625-3775 West Teco Avenue Las Vegas Nevada
104 1145 S. Camino Del Rio Durango Colorado
------------------------------------------------------------------------------------------------------------------------------------
105 5999 Summerside Drive Dallas Texas
106 5930, 5940 & 5980 Hamilton Blvd. Wescosville Pennsylvania
107 1425 McCulloch Boulevard Lake Havasu City Arizona
108 108 Newbury Street (Route 1) Peabody Massachusetts
109 7535 Northeast River Road Otsego Minnesota
------------------------------------------------------------------------------------------------------------------------------------
110 2731 & 2811 Lemmon Avenue Dallas Texas
111 1404 South Central Avenue Kent Washington
112 125 Interstate Highway 10 North Beaumont Texas
113 3816 So.1st St.& 3809 So.2nd St. Austin Texas
114 2604 - 2606 Route 130 North Cinnaminson New Jersey
------------------------------------------------------------------------------------------------------------------------------------
115 5629-5669 Beacon Street Pittsburgh Pennsylvania
116 220 East Marlboro Road Farmville North Carolina
117 25285 Madison Avenue Murrieta California
118 9735 Old St. Augustine Road Jacksonville Florida
119 6622 - 6766 North Fessenden Street Portland Oregon
------------------------------------------------------------------------------------------------------------------------------------
120 4954 West Pine Boulevard St. Louis Missouri
121 11705 Carolina Place Parkway Pineville North Carolina
122 7419-7431 Lindbergh Drive Gaithersburg Maryland
123 8206 Bunche Drive Dallas Texas
124 6845 Escondido Street Las Vegas Nevada
------------------------------------------------------------------------------------------------------------------------------------
125 173 Main Street and 10 Catherine Street Norwalk Connecticut
126 1231 Walnut Street Philadelphia Pennsylvania
127 4201 Oglethorpe Street Hyattsville Maryland
128 2713, 2719 Azalea Gardens Rd & 1209-1213 Norview Ave Norfolk Virginia
129 51 Cavalier Boulevard Florence Kentucky
------------------------------------------------------------------------------------------------------------------------------------
130 165 Pearl Street Seymour Connecticut
131 7373 University Avenue La Mesa California
132 47 Cavalier Boulevard Florence Kentucky
133
133a 34 - 38 Vernon Street Hartford Connecticut
133b 44 New Britain Avenue Hartford Connecticut
133c 59 Webster Street Hartford Connecticut
------------------------------------------------------------------------------------------------------------------------------------
134 1924-1960 S. Federal Highway Stuart Florida
135 3010 Highway 30 West Huntsville Texas
136 109 East Monterey Drive Globe Arizona
137 1600 & 1610 Belt Line Drive Carrollton Texas
138 7405 W 123rd Street Apple Valley Minnesota
------------------------------------------------------------------------------------------------------------------------------------
139 5990 Airline Drive Houston Texas
140 171 - 181 Market Street Paterson New Jersey
141 1760 N. Congress Avenue West Palm Beach Florida
142 83-93 S. Lansdowne Avenue Lansdowne Pennsylvania
143 1952 Route 22 East Bridgewater New Jersey
------------------------------------------------------------------------------------------------------------------------------------
144 16006 - 16016 Foothill Boulevard Irwindale California
145 11102 East 16th Avenue Aurora Colorado
146 5605, 5610, 5611, 5612 Hudson Street; 1517-1519 Matilda St. Dallas Texas
147 2715 Traders Road Greenville Texas
148 2211 West Hickory Street Denton Texas
------------------------------------------------------------------------------------------------------------------------------------
149 250 El Camino Real Tustin California
150 900 - 908 Rice Street St. Paul Minnesota
151 430 Elm Street Pottstown Pennsylvania
152 101 Central Road Indian Harbor Beach Florida
153 22023 State Road 7 Boca Raton Florida
------------------------------------------------------------------------------------------------------------------------------------
154 735 W. Duarte Road Arcadia California
155 2300 South Lamar Boulevard Austin Texas
156 5600 Market Street Houston Texas
157 100 East Main Street and 101 East Water Street Charlottesville Virginia
158 1144 Sigman Road Conyers Georgia
------------------------------------------------------------------------------------------------------------------------------------
159 12362 Beach Boulevard Stanton California
160 374 South 5th Street Brooklyn New York
161 210 - 230 West Nyack Road West Nyack New York
162 303 North Curry Pike Bloomington Indiana
163 2712 Bartlett Avenue Pascagoula Mississippi
------------------------------------------------------------------------------------------------------------------------------------
164 400R Metacom Avenue Bristol Rhode Island
165 8904-8914 Temple Terrace Highway Tampa Florida
166 390 Metacom Avenue Bristol Rhode Island
167 367 South 5th Street Brooklyn New York
168 5805 Lyons Avenue Houston Texas
------------------------------------------------------------------------------------------------------------------------------------
169 1705-1707 Jim Redman Parkway Plant City Florida
170 100 South Bowser Road Richardson Texas
171 3334 East Southern Avenue Phoenix Arizona
172 3101-3111 Willow Lane Bronx(Pelham Bay) New York
173 11302 Huffmeister Road Houston Texas
------------------------------------------------------------------------------------------------------------------------------------
174 6347-6359 West Belmont Avenue Chicago Illinois
175 15-17 Massasoit Ave. Bristol Rhode Island
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PARTICIPATION
CONTROL CROSS COLLATERALIZED ORIGINAL ORIGINAL CUT-OFF DATE
NUMBER ZIP CODE GROUPS RELATED GROUPS BALANCE ($) BALANCE ($) BALANCE ($)
<S> <C> <C> <C> <C> <C> <C>
1 85282 146,000,000 145,831,430
2 23510 101,000,000 101,000,000
3 80202 50,000,000 49,966,246
4 31,500,000 $31,500,000.00 31,468,201
4a 35244
4b 87110
4c 21090
4d 33607
4e 86001
4f 45240
4g 38138
4h 08244
------------------------------------------------------------------------------------------------------------------------------
5 10003 30,000,000 29,978,826
6 34109 29,800,000 29,800,000
7 33015 28,400,000 28,340,494
8 Group 1 28,350,000 28,331,922
8a 06040
8b 02760
8c 02760
------------------------------------------------------------------------------------------------------------------------------
9 89118 25,500,000 25,472,358
10 11028 20,000,000 19,986,797
11 95814 19,600,000 19,556,631
12 93033 19,500,000 19,457,892
13 32822 Group 8 18,400,000 18,378,727
------------------------------------------------------------------------------------------------------------------------------
14 18,273,900 18,243,221
14a 31419
14b 29072
14c 29585
14d 31305
------------------------------------------------------------------------------------------------------------------------------
15 20770 18,100,000 18,068,851
16 32828 Group 8 15,850,000 15,831,186
17 75204 15,280,000 15,252,319
18 90807 15,200,000 15,174,418
19 27560 Group 8 15,100,000 15,082,077
------------------------------------------------------------------------------------------------------------------------------
20 77057 14,950,000 14,939,887
21 55427 14,000,000 13,947,530
22 06226 14,000,000 13,976,203
23 30606 13,300,000 13,286,010
24 78249 13,150,000 13,150,000
------------------------------------------------------------------------------------------------------------------------------
25 08805 Group 1 12,960,000 12,960,000
26 21201 12,800,000 12,786,275
27 89012 12,200,000 12,174,928
28 06477 Group 4 12,190,000 12,123,647
29 75214 12,050,000 12,029,212
------------------------------------------------------------------------------------------------------------------------------
30 48104 11,890,000 11,882,403
31 15108 10,500,000 10,481,894
32 75093 10,350,000 10,343,223
33 22031 9,600,000 9,579,724
34 17576 9,500,000 9,480,693
------------------------------------------------------------------------------------------------------------------------------
35 94538 9,500,000 9,477,053
36 95060 9,465,800 9,455,001
37 92591 9,000,000 8,990,766
38 02140 8,885,000 8,833,493
39 98033 8,700,000 8,694,103
------------------------------------------------------------------------------------------------------------------------------
40 01581 Group 4 8,630,000 8,583,025
41 23322 7,280,000 7,272,151
42 32904 Group C 6,820,000 6,805,233
43 19128 6,700,000 6,688,696
44 78741 Group F 6,600,000 6,593,077
------------------------------------------------------------------------------------------------------------------------------
45 60016 6,500,000 6,483,295
46 84111 6,500,000 6,495,813
47 83702 6,400,000 6,395,852
48 78414 6,160,000 6,153,139
49 91744 6,150,000 6,139,726
------------------------------------------------------------------------------------------------------------------------------
50 78681 6,100,000 6,083,592
51 61761 6,100,000 6,085,660
52 96080 5,840,000 5,828,362
53 27560 5,800,000 5,786,500
54 32839 Group C 5,725,000 5,712,604
------------------------------------------------------------------------------------------------------------------------------
55 28379 5,570,000 5,566,570
56 55901 5,550,000 5,540,752
57 92679 5,550,000 5,546,720
58 48045 5,480,000 5,470,868
59 85281 5,400,000 5,393,921
------------------------------------------------------------------------------------------------------------------------------
60 05495 5,200,000 5,185,037
61 08204 5,100,000 5,094,598
62 94404 5,000,000 4,994,856
63 17111 5,000,000 4,996,645
64 4,975,000 4,965,197
64a 11225
64b 11225
64c 11225
------------------------------------------------------------------------------------------------------------------------------
65 10465 4,975,000 4,965,878
66 97333 4,850,000 4,840,999
67 33612 4,808,000 4,803,377
68 32904 Group C 4,805,000 4,794,596
69 29560 4,800,000 4,797,044
------------------------------------------------------------------------------------------------------------------------------
70 93013 4,700,000 4,677,703
71 90255 4,650,000 4,641,273
72 20110 4,500,000 4,482,939
73 17225 4,500,000 4,491,743
74 78741 Group F 4,450,000 4,445,332
------------------------------------------------------------------------------------------------------------------------------
75 78216 Group 2 4,400,000 4,385,061
76 33309 4,200,000 4,195,643
77 45210 4,125,000 4,116,011
78 89031 4,100,000 4,097,353
79 94526 4,016,000 4,011,196
------------------------------------------------------------------------------------------------------------------------------
80 27530 3,850,000 3,839,200
81 49022 Group 2 3,800,000 3,786,431
82 11557 3,765,000 3,755,960
83 78216 Group 2 3,700,000 3,687,438
84 85225 3,550,000 3,546,317
------------------------------------------------------------------------------------------------------------------------------
85 87113 3,500,000 3,496,165
86 3,450,000 3,443,562
86a 52722
86b 52722
86c 52722
86d 61265
86e 61244
86f 61265
------------------------------------------------------------------------------------------------------------------------------
87 27536 3,400,000 3,396,048
88 60432 3,400,000 3,388,080
89 98684 3,300,000 3,296,462
90 21090 3,300,000 3,288,994
91 89506 3,260,000 3,253,412
------------------------------------------------------------------------------------------------------------------------------
92 77072 3,225,000 3,217,979
93 3,201,000 3,197,651
93a 11788
93b 11788
94 98110 3,200,000 3,194,811
------------------------------------------------------------------------------------------------------------------------------
95 98112 3,195,000 3,192,777
96 30721 3,150,000 3,146,768
97 98373 3,080,000 3,077,983
98 56001 3,000,000 2,995,161
99 49548 3,000,000 2,994,976
------------------------------------------------------------------------------------------------------------------------------
100 34981 Group C 2,950,000 2,943,612
101 53719 2,925,000 2,919,727
102 14623 2,900,000 2,884,745
103 89103 2,860,000 2,854,794
104 81301 2,640,000 2,638,236
------------------------------------------------------------------------------------------------------------------------------
105 75252 2,530,000 2,527,346
106 18106 2,500,000 2,493,148
107 92083 2,480,000 2,475,119
108 01960 2,428,000 2,416,032
109 55330 2,400,000 2,391,847
------------------------------------------------------------------------------------------------------------------------------
110 75204 2,400,000 2,396,207
111 98032 2,350,000 2,348,452
112 77707 2,275,000 2,270,127
113 78704 2,243,000 2,241,573
114 08077 2,242,000 2,236,920
------------------------------------------------------------------------------------------------------------------------------
115 15217 2,200,000 2,195,529
116 27828 2,150,000 2,146,217
117 92562 2,100,000 2,098,749
118 32257 2,015,000 2,009,661
119 97203 2,000,000 1,994,979
------------------------------------------------------------------------------------------------------------------------------
120 63108 2,000,000 1,995,716
121 28134 2,000,000 1,996,709
122 20879 2,000,000 1,996,126
123 75243 Group B 1,960,000 1,955,735
124 89119 1,955,000 1,953,756
------------------------------------------------------------------------------------------------------------------------------
125 06851 1,900,000 1,881,300
126 19107 1,791,000 1,784,821
127 20781 1,750,000 1,743,813
128 23513 1,730,000 1,718,602
129 41042 Group 9 1,720,000 1,717,155
------------------------------------------------------------------------------------------------------------------------------
130 06483 1,700,000 1,696,238
131 92041 Group A 1,685,000 1,682,107
132 41042 Group 9 1,680,000 1,677,221
133 1,580,000 1,572,308
133a 06106
133b 06106
133c 06106
------------------------------------------------------------------------------------------------------------------------------
134 34994 Group D 1,510,000 1,503,586
135 77340 1,500,000 1,495,877
136 85501 1,500,000 1,499,181
137 75211 1,482,000 1,475,493
138 55124 Group 7 1,380,000 1,376,391
------------------------------------------------------------------------------------------------------------------------------
139 77076 1,350,000 1,349,161
140 07505 1,342,000 1,339,900
141 33409 Group A 1,340,000 1,337,700
142 19050 1,336,000 1,330,267
143 08807 1,300,000 1,297,834
------------------------------------------------------------------------------------------------------------------------------
144 91706 1,255,000 1,252,909
145 80010 1,219,000 1,210,266
146 75206 1,200,000 1,196,844
147 75402 1,160,000 1,157,388
148 76201 1,100,000 1,092,670
------------------------------------------------------------------------------------------------------------------------------
149 92780 1,100,000 1,098,192
150 55117 Group 7 1,100,000 1,078,500
151 19464 1,100,000 1,095,911
152 32937 1,000,000 993,364
153 33428 1,000,000 998,030
------------------------------------------------------------------------------------------------------------------------------
154 91007 1,000,000 998,471
155 78704 1,000,000 995,843
156 77020 1,000,000 995,926
157 22902 977,000 972,478
158 30012 955,000 951,204
------------------------------------------------------------------------------------------------------------------------------
159 90680 Group A 950,000 948,369
160 11211 Group 3 940,000 938,394
161 10960 920,000 904,541
162 47404 875,000 872,266
163 39567 840,000 839,427
------------------------------------------------------------------------------------------------------------------------------
164 02809 Group E Group 10 800,000 798,215
165 33637 790,000 786,737
166 02809 Group E Group 10 735,000 732,028
167 11211 Group 3 723,000 721,765
168 77020 665,000 664,045
------------------------------------------------------------------------------------------------------------------------------
169 33566 Group D 655,000 652,218
170 75081 Group B 640,000 638,819
171 85040 635,000 632,405
172 10461 591,000 589,904
173 77065 550,000 546,974
------------------------------------------------------------------------------------------------------------------------------
174 60618 510,000 507,960
175 02809 Group 10 368,000 367,295
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PARTICIPATION % OF AGGREGATE CUMULATIVE % OF MORTGAGE PARTICIPATION
CONTROL CUT-OFF DATE INITIAL POOL INITIAL POOL RATE MORTGAGE RATE SERVICING
NUMBER BALANCE ($) BALANCE BALANCE (%) (%) FEE RATE (%)
<S> <C> <C> <C> <C> <C> <C>
1 11.44 11.44 7.89500 0.0318
2 7.92 19.36 7.43700 0.0318
3 3.92 23.28 7.97000 0.0518
4 $31,468,200.71 2.47 25.75 8.44385 8.44385 0.1268
4a
4b
4c
4d
4e
4f
4g
4h
--------------------------------------------------------------------------------------------------------------------------
5 2.35 28.10 7.75000 0.0518
6 2.34 30.44 8.33000 0.0818
7 2.22 32.67 8.28000 0.0518
8 2.22 34.89 8.25000 0.1268
8a
8b
8c
--------------------------------------------------------------------------------------------------------------------------
9 2.00 36.89 8.13000 0.0518
10 1.57 38.45 8.08000 0.0518
11 1.53 39.99 8.08000 0.0768
12 1.53 41.51 8.17000 0.0518
13 1.44 42.96 7.89000 0.0518
--------------------------------------------------------------------------------------------------------------------------
14 1.43 44.39 8.29000 0.0518
14a
14b
14c
14d
--------------------------------------------------------------------------------------------------------------------------
15 1.42 45.81 8.19000 0.0518
16 1.24 47.05 7.79000 0.0518
17 1.20 48.24 7.98000 0.0518
18 1.19 49.43 8.28000 0.0518
19 1.18 50.62 7.79000 0.0518
--------------------------------------------------------------------------------------------------------------------------
20 1.17 51.79 7.96000 0.0518
21 1.09 52.88 8.73000 0.0868
22 1.10 53.98 8.24000 0.0518
23 1.04 55.02 8.24000 0.0868
24 1.03 56.05 8.05000 0.0868
--------------------------------------------------------------------------------------------------------------------------
25 1.02 57.07 8.06000 0.1268
26 1.00 58.07 8.17000 0.0518
27 0.96 59.03 8.35000 0.0518
28 0.95 59.98 8.93000 0.0868
29 0.94 60.92 8.18000 0.1268
--------------------------------------------------------------------------------------------------------------------------
30 0.93 61.86 8.24000 0.0818
31 0.82 62.68 8.45000 0.1268
32 0.81 63.49 8.12000 0.1218
33 0.75 64.24 8.45000 0.1268
34 0.74 64.98 8.39000 0.0518
--------------------------------------------------------------------------------------------------------------------------
35 0.74 65.73 8.41000 0.0868
36 0.74 66.47 7.94000 0.0518
37 0.71 67.18 8.33000 0.1018
38 0.69 67.87 8.43000 0.0868
39 0.68 68.55 7.95000 0.0518
--------------------------------------------------------------------------------------------------------------------------
40 0.67 69.22 8.93000 0.0868
41 0.57 69.79 8.15000 0.0518
42 0.53 70.33 8.16000 0.0868
43 0.52 70.85 8.27000 0.0518
44 0.52 71.37 8.25000 0.0518
--------------------------------------------------------------------------------------------------------------------------
45 0.51 71.88 8.20000 0.0868
46 0.51 72.39 8.20000 0.0518
47 0.50 72.89 8.17000 0.1018
48 0.48 73.37 8.03000 0.0518
49 0.48 73.85 8.31000 0.0518
--------------------------------------------------------------------------------------------------------------------------
50 0.48 74.33 8.50000 0.1268
51 0.48 74.81 8.50000 0.1268
52 0.46 75.27 8.46000 0.0518
53 0.45 75.72 9.25000 0.1268
54 0.45 76.17 8.16000 0.0868
--------------------------------------------------------------------------------------------------------------------------
55 0.44 76.60 8.42000 0.0518
56 0.43 77.04 8.32000 0.0518
57 0.44 77.47 8.62000 0.0518
58 0.43 77.90 8.32000 0.0868
59 0.42 78.33 7.99000 0.1268
--------------------------------------------------------------------------------------------------------------------------
60 0.41 78.73 8.75000 0.1268
61 0.40 79.13 8.21500 0.1268
62 0.39 79.53 8.32000 0.0518
63 0.39 79.92 8.00000 0.1268
64 0.39 80.31 8.50000 0.1268
64a
64b
64c
--------------------------------------------------------------------------------------------------------------------------
65 0.39 80.70 8.75000 0.0518
66 0.38 81.08 7.88000 0.0518
67 0.38 81.45 8.56000 0.0868
68 0.38 81.83 8.16000 0.0868
69 0.38 82.21 8.42000 0.0518
--------------------------------------------------------------------------------------------------------------------------
70 0.37 82.57 8.91000 0.0868
71 0.36 82.94 8.67000 0.1268
72 0.35 83.29 8.69000 0.1018
73 0.35 83.64 8.14000 0.0518
74 0.35 83.99 8.25000 0.0518
--------------------------------------------------------------------------------------------------------------------------
75 0.34 84.33 8.56250 0.1268
76 0.33 84.66 8.29000 0.0518
77 0.32 84.99 8.36000 0.1218
78 0.32 85.31 8.19000 0.0518
79 0.31 85.62 7.76000 0.0518
--------------------------------------------------------------------------------------------------------------------------
80 0.30 85.92 8.71000 0.0518
81 0.30 86.22 8.31250 0.1268
82 0.29 86.51 8.43000 0.1268
83 0.29 86.80 8.56250 0.1268
84 0.28 87.08 8.29000 0.0818
--------------------------------------------------------------------------------------------------------------------------
85 0.27 87.36 8.09000 0.1268
86 0.27 87.63 8.69000 0.1268
86a
86b
86c
86d
86e
86f
--------------------------------------------------------------------------------------------------------------------------
87 0.27 87.89 7.87000 0.0518
88 0.27 88.16 8.36000 0.0868
89 0.26 88.42 8.17000 0.0518
90 0.26 88.67 8.65000 0.1268
91 0.26 88.93 8.41000 0.0868
--------------------------------------------------------------------------------------------------------------------------
92 0.25 89.18 8.14000 0.0868
93 0.25 89.43 8.26000 0.0518
93a
93b
94 0.25 89.68 8.75000 0.1268
--------------------------------------------------------------------------------------------------------------------------
95 0.25 89.93 7.82000 0.0518
96 0.25 90.18 8.33000 0.0818
97 0.24 90.42 8.12000 0.0518
98 0.23 90.66 8.45000 0.0868
99 0.23 90.89 8.30000 0.1268
--------------------------------------------------------------------------------------------------------------------------
100 0.23 91.12 8.16000 0.0868
101 0.23 91.35 8.00000 0.0518
102 0.23 91.58 8.44000 0.0868
103 0.22 91.80 8.18000 0.0518
104 0.21 92.01 8.02000 0.0518
--------------------------------------------------------------------------------------------------------------------------
105 0.20 92.21 8.25000 0.0518
106 0.20 92.40 8.40000 0.0518
107 0.19 92.60 9.06000 0.1268
108 0.19 92.79 8.76000 0.0868
109 0.19 92.98 8.56000 0.0868
--------------------------------------------------------------------------------------------------------------------------
110 0.19 93.16 8.53000 0.0518
111 0.18 93.35 8.09000 0.0518
112 0.18 93.53 8.20000 0.1268
113 0.18 93.70 8.26000 0.0518
114 0.18 93.88 8.62000 0.0868
--------------------------------------------------------------------------------------------------------------------------
115 0.17 94.05 8.39000 0.0868
116 0.17 94.22 8.10000 0.0518
117 0.16 94.38 8.58000 0.0518
118 0.16 94.54 8.58000 0.0868
119 0.16 94.70 8.28000 0.1268
--------------------------------------------------------------------------------------------------------------------------
120 0.16 94.85 8.20000 0.1268
121 0.16 95.01 8.37000 0.1118
122 0.16 95.17 8.56000 0.1018
123 0.15 95.32 8.75000 0.1268
124 0.15 95.47 8.26000 0.0518
--------------------------------------------------------------------------------------------------------------------------
125 0.15 95.62 8.90000 0.0868
126 0.14 95.76 8.41500 0.0868
127 0.14 95.90 7.87000 0.0868
128 0.13 96.03 8.01000 0.0868
129 0.13 96.17 8.35000 0.1218
--------------------------------------------------------------------------------------------------------------------------
130 0.13 96.30 8.08000 0.1268
131 0.13 96.43 8.20000 0.1268
132 0.13 96.56 8.35000 0.1218
133 0.12 96.69 8.82000 0.1268
133a
133b
133c
--------------------------------------------------------------------------------------------------------------------------
134 0.12 96.80 8.42000 0.0868
135 0.12 96.92 8.78000 0.0868
136 0.12 97.04 9.00000 0.0518
137 0.12 97.16 8.28000 0.0868
138 0.11 97.26 8.14000 0.0868
--------------------------------------------------------------------------------------------------------------------------
139 0.11 97.37 8.37500 0.1268
140 0.11 97.47 8.57000 0.2518
141 0.10 97.58 8.20000 0.1268
142 0.10 97.68 8.39000 0.0868
143 0.10 97.79 8.32000 0.0868
--------------------------------------------------------------------------------------------------------------------------
144 0.10 97.88 8.32000 0.0518
145 0.09 97.98 8.37000 0.0868
146 0.09 98.07 8.12000 0.1268
147 0.09 98.16 8.64000 0.2518
148 0.09 98.25 8.73000 0.1268
--------------------------------------------------------------------------------------------------------------------------
149 0.09 98.34 8.37500 0.1268
150 0.08 98.42 8.10000 0.0868
151 0.09 98.51 8.11000 0.0868
152 0.08 98.58 8.75000 0.2518
153 0.08 98.66 8.50000 0.2518
--------------------------------------------------------------------------------------------------------------------------
154 0.08 98.74 8.66000 0.1268
155 0.08 98.82 8.54000 0.0868
156 0.08 98.90 8.63500 0.0868
157 0.08 98.97 9.00000 0.2518
158 0.07 99.05 8.75000 0.2518
--------------------------------------------------------------------------------------------------------------------------
159 0.07 99.12 8.20000 0.1268
160 0.07 99.20 8.22000 0.2518
161 0.07 99.27 9.63000 0.0868
162 0.07 99.33 8.77000 0.1268
163 0.07 99.40 7.92000 0.1268
--------------------------------------------------------------------------------------------------------------------------
164 0.06 99.46 8.67000 0.0868
165 0.06 99.53 8.57000 0.0868
166 0.06 99.58 8.67000 0.0868
167 0.06 99.64 8.22000 0.2518
168 0.05 99.69 8.90000 0.0868
--------------------------------------------------------------------------------------------------------------------------
169 0.05 99.74 8.42000 0.0868
170 0.05 99.79 9.25000 0.2518
171 0.05 99.84 8.62000 0.0868
172 0.05 99.89 8.71000 0.0868
173 0.04 99.93 8.88000 0.0868
--------------------------------------------------------------------------------------------------------------------------
174 0.04 99.97 8.72000 0.0868
175 0.03 100.00 9.14000 0.0868
--------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ORIGINAL
INTEREST ORIGINAL INTEREST REMAINING TERM TO REMAINING
CONTROL ACCRUAL ONLY PERIOD INTEREST ONLY MATURITY TERM TO
NUMBER METHOD AMORTIZATION TYPE (MOS.) PERIOD (MOS.) (MOS.) MATURITY (MOS.)
<S> <C> <C> <C> <C> <C> <C>
1 Actual / 360 Amortizing Balloon 120 118
2 Actual / 360 Amortizing Balloon 119 118
3 Actual / 360 Hyper-Amortizing 120 119
4 Actual / 360 Hyper-Amortizing 120 119
4a
4b
4c
4d
4e
4f
4g
4h
-----------------------------------------------------------------------------------------------------------------------------------
5 Actual / 360 Hyper-Amortizing 120 119
6 Actual / 360 Interest Only ,Then Amortizing 24 21 180 177
7 Actual / 360 Hyper-Amortizing 120 116
8 Actual / 360 Amortizing Balloon 120 119
8a
8b
8c
-----------------------------------------------------------------------------------------------------------------------------------
9 Actual / 360 Hyper-Amortizing 120 118
10 Actual / 360 Hyper-Amortizing 120 119
11 Actual / 360 Amortizing Balloon 120 116
12 Actual / 360 Amortizing Balloon 120 116
13 Actual / 360 Amortizing Balloon 120 118
-----------------------------------------------------------------------------------------------------------------------------------
14 Actual / 360 Hyper-Amortizing 120 117
14a
14b
14c
14d
-----------------------------------------------------------------------------------------------------------------------------------
15 Actual / 360 Hyper-Amortizing 120 117
16 Actual / 360 Amortizing Balloon 120 118
17 Actual / 360 Amortizing Balloon 120 117
18 Actual / 360 Amortizing Balloon 120 117
19 Actual / 360 Amortizing Balloon 120 118
-----------------------------------------------------------------------------------------------------------------------------------
20 Actual / 360 Amortizing Balloon 120 119
21 Actual / 360 Hyper-Amortizing 120 112
22 Actual / 360 Amortizing Balloon 120 117
23 Actual / 360 Hyper-Amortizing 120 118
24 Actual / 360 Interest Only ,Then Amortizing 12 9 132 129
-----------------------------------------------------------------------------------------------------------------------------------
25 Actual / 360 Interest Only ,Then Amortizing 10 5 118 113
26 Actual / 360 Amortizing Balloon 120 118
27 Actual / 360 Amortizing Balloon 120 116
28 Actual / 360 Hyper-Amortizing 120 113
29 Actual / 360 Amortizing Balloon 120 117
-----------------------------------------------------------------------------------------------------------------------------------
30 Actual / 360 Amortizing Balloon 120 119
31 Actual / 360 Hyper-Amortizing 120 118
32 Actual / 360 Amortizing Balloon 120 119
33 Actual / 360 Amortizing Balloon 120 116
34 Actual / 360 Amortizing Balloon 120 116
-----------------------------------------------------------------------------------------------------------------------------------
35 Actual / 360 Hyper-Amortizing 120 115
36 Actual / 360 Amortizing Balloon 120 118
37 Actual / 360 Amortizing Balloon 120 118
38 Actual / 360 Amortizing Balloon 120 109
39 Actual / 360 Amortizing Balloon 120 119
-----------------------------------------------------------------------------------------------------------------------------------
40 Actual / 360 Hyper-Amortizing 120 113
41 Actual / 360 Hyper-Amortizing 120 118
42 Actual / 360 Amortizing Balloon 120 116
43 Actual / 360 Amortizing Balloon 120 117
44 Actual / 360 Amortizing Balloon 120 118
-----------------------------------------------------------------------------------------------------------------------------------
45 Actual / 360 Amortizing Balloon 120 115
46 Actual / 360 Hyper-Amortizing 120 119
47 Actual / 360 Amortizing Balloon 120 119
48 Actual / 360 Amortizing Balloon 120 118
49 Actual / 360 Amortizing Balloon 120 117
-----------------------------------------------------------------------------------------------------------------------------------
50 Actual / 360 Hyper-Amortizing 120 117
51 Actual / 360 Amortizing Balloon 161 156
52 Actual / 360 Amortizing Balloon 120 116
53 Actual / 360 Hyper-Amortizing 120 117
54 Actual / 360 Amortizing Balloon 120 116
-----------------------------------------------------------------------------------------------------------------------------------
55 Actual / 360 Hyper-Amortizing 120 119
56 Actual / 360 Amortizing Balloon 120 117
57 Actual / 360 Hyper-Amortizing 120 119
58 Actual / 360 Amortizing Balloon 120 117
59 Actual / 360 Amortizing Balloon 120 118
-----------------------------------------------------------------------------------------------------------------------------------
60 Actual / 365 Hyper-Amortizing 120 117
61 Actual / 360 Amortizing Balloon 120 118
62 Actual / 360 Amortizing Balloon 120 118
63 Actual / 360 Amortizing Balloon 180 179
64 Actual / 360 Amortizing Balloon 120 116
64a
64b
64c
-----------------------------------------------------------------------------------------------------------------------------------
65 Actual / 360 Amortizing Balloon 120 116
66 Actual / 360 Amortizing Balloon 120 117
67 Actual / 360 Amortizing Balloon 120 118
68 Actual / 360 Amortizing Balloon 120 116
69 Actual / 360 Hyper-Amortizing 120 119
-----------------------------------------------------------------------------------------------------------------------------------
70 Actual / 360 Amortizing Balloon 120 110
71 Actual / 360 Amortizing Balloon 120 116
72 Actual / 360 Amortizing Balloon 120 112
73 Actual / 360 Amortizing Balloon 120 118
74 Actual / 360 Amortizing Balloon 120 118
-----------------------------------------------------------------------------------------------------------------------------------
75 Actual / 360 Hyper-Amortizing 120 116
76 Actual / 360 Amortizing Balloon 120 118
77 Actual / 360 Amortizing Balloon 120 118
78 Actual / 360 Amortizing Balloon 120 119
79 Actual / 360 Amortizing Balloon 120 118
-----------------------------------------------------------------------------------------------------------------------------------
80 Actual / 360 Amortizing Balloon 120 114
81 Actual / 360 Hyper-Amortizing 120 116
82 Actual / 360 Amortizing Balloon 120 115
83 Actual / 360 Hyper-Amortizing 120 116
84 Actual / 360 Amortizing Balloon 120 118
-----------------------------------------------------------------------------------------------------------------------------------
85 Actual / 360 Amortizing Balloon 120 118
86 Actual / 360 Amortizing Balloon 120 116
86a
86b
86c
86d
86e
86f
-----------------------------------------------------------------------------------------------------------------------------------
87 Actual / 360 Amortizing Balloon 120 118
88 Actual / 360 Hyper-Amortizing 120 113
89 Actual / 360 Amortizing Balloon 120 118
90 Actual / 360 Hyper-Amortizing 120 116
91 Actual / 360 Amortizing Balloon 120 116
-----------------------------------------------------------------------------------------------------------------------------------
92 Actual / 360 Amortizing Balloon 120 116
93 Actual / 360 Amortizing Balloon 120 118
93a
93b
94 Actual / 360 Amortizing Balloon 120 118
-----------------------------------------------------------------------------------------------------------------------------------
95 Actual / 360 Amortizing Balloon 120 119
96 Actual / 360 Amortizing Balloon 120 118
97 Actual / 360 Amortizing Balloon 120 119
98 Actual / 360 Amortizing Balloon 120 117
99 Actual / 360 Amortizing Balloon 120 117
-----------------------------------------------------------------------------------------------------------------------------------
100 Actual / 360 Fully Amortizing 120 116
101 Actual / 360 Amortizing Balloon 120 117
102 Actual / 360 Amortizing Balloon 120 114
103 Actual / 360 Amortizing Balloon 120 118
104 Actual / 360 Amortizing Balloon 120 119
-----------------------------------------------------------------------------------------------------------------------------------
105 Actual / 360 Amortizing Balloon 120 118
106 Actual / 360 Amortizing Balloon 120 117
107 Actual / 360 Amortizing Balloon 120 115
108 Actual / 360 Amortizing Balloon 120 114
109 Actual / 360 Amortizing Balloon 120 116
-----------------------------------------------------------------------------------------------------------------------------------
110 Actual / 360 Amortizing Balloon 120 117
111 Actual / 360 Amortizing Balloon 120 119
112 Actual / 360 Amortizing Balloon 120 116
113 Actual / 360 Hyper-Amortizing 120 119
114 Actual / 360 Amortizing Balloon 120 115
-----------------------------------------------------------------------------------------------------------------------------------
115 Actual / 360 Amortizing Balloon 120 116
116 Actual / 360 Hyper-Amortizing 120 117
117 Actual / 360 Amortizing Balloon 120 119
118 Actual / 360 Amortizing Balloon 120 117
119 Actual / 360 Amortizing Balloon 120 115
-----------------------------------------------------------------------------------------------------------------------------------
120 Actual / 360 Amortizing Balloon 120 116
121 Actual / 360 Amortizing Balloon 120 117
122 Actual / 360 Amortizing Balloon 120 116
123 Actual / 360 Amortizing Balloon 60 55
124 Actual / 360 Amortizing Balloon 120 119
-----------------------------------------------------------------------------------------------------------------------------------
125 Actual / 360 Hyper-Amortizing 120 113
126 Actual / 360 Amortizing Balloon 120 113
127 Actual / 360 Amortizing Balloon 120 114
128 Actual / 360 Amortizing Balloon 120 113
129 Actual / 360 Amortizing Balloon 120 117
-----------------------------------------------------------------------------------------------------------------------------------
130 Actual / 360 Amortizing Balloon 120 116
131 Actual / 360 Amortizing Balloon 120 117
132 Actual / 360 Amortizing Balloon 120 117
133 Actual / 360 Amortizing Balloon 120 114
133a
133b
133c
-----------------------------------------------------------------------------------------------------------------------------------
134 Actual / 360 Amortizing Balloon 120 114
135 Actual / 360 Amortizing Balloon 120 114
136 Actual / 360 Amortizing Balloon 120 119
137 Actual / 360 Amortizing Balloon 120 115
138 Actual / 360 Amortizing Balloon 120 115
-----------------------------------------------------------------------------------------------------------------------------------
139 Actual / 360 Amortizing Balloon 120 119
140 Actual / 360 Amortizing Balloon 120 117
141 Actual / 360 Amortizing Balloon 120 117
142 Actual / 360 Amortizing Balloon 120 115
143 Actual / 360 Amortizing Balloon 120 117
-----------------------------------------------------------------------------------------------------------------------------------
144 Actual / 360 Amortizing Balloon 120 117
145 Actual / 360 Amortizing Balloon 120 112
146 Actual / 360 Amortizing Balloon 120 115
147 Actual / 360 Amortizing Balloon 120 115
148 Actual / 360 Amortizing Balloon 120 112
-----------------------------------------------------------------------------------------------------------------------------------
149 Actual / 360 Amortizing Balloon 120 117
150 Actual / 360 Amortizing Balloon 180 173
151 Actual / 360 Amortizing Balloon 120 116
152 Actual / 360 Amortizing Balloon 120 112
153 Actual / 360 Amortizing Balloon 120 116
-----------------------------------------------------------------------------------------------------------------------------------
154 Actual / 360 Amortizing Balloon 120 117
155 Actual / 360 Amortizing Balloon 120 115
156 Actual / 360 Amortizing Balloon 120 115
157 Actual / 360 Amortizing Balloon 120 110
158 Actual / 360 Amortizing Balloon 120 115
-----------------------------------------------------------------------------------------------------------------------------------
159 Actual / 360 Amortizing Balloon 120 117
160 Actual / 360 Amortizing Balloon 120 117
161 Actual / 360 Fully Amortizing 180 173
162 Actual / 360 Amortizing Balloon 120 115
163 Actual / 360 Amortizing Balloon 120 119
-----------------------------------------------------------------------------------------------------------------------------------
164 Actual / 360 Amortizing Balloon 120 115
165 Actual / 360 Amortizing Balloon 120 115
166 Actual / 360 Amortizing Balloon 120 115
167 Actual / 360 Amortizing Balloon 120 117
168 Actual / 360 Amortizing Balloon 120 117
-----------------------------------------------------------------------------------------------------------------------------------
169 Actual / 360 Amortizing Balloon 120 114
170 Actual / 360 Amortizing Balloon 60 55
171 Actual / 360 Amortizing Balloon 120 115
172 Actual / 360 Amortizing Balloon 120 116
173 Actual / 360 Amortizing Balloon 120 113
-----------------------------------------------------------------------------------------------------------------------------------
174 Actual / 360 Amortizing Balloon 120 115
175 Actual / 360 Amortizing Balloon 120 115
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ORIGINAL REMAINING PARTICIPATION
CONTROL AMORTIZATION TERM AMORTIZATION TERM MATURITY DATE BALLOON OR ARD BALLOON OR ARD
NUMBER (MOS.) (MOS.) ORIGINATION DATE OR ARD BALANCE ($) BALANCE ($)
<S> <C> <C> <C> <C> <C> <C>
1 360 358 10/02/00 10/05/10 130,216,379
2 360 359 10/19/00 10/01/10 89,000,429
3 360 359 10/20/00 11/01/10 44,666,462
4 300 299 10/20/00 11/01/10 26,137,643 $26,137,643.29
4a
4b
4c
4d
4e
4f
4g
4h
----------------------------------------------------------------------------------------------------------------------------------
5 360 359 10/11/00 11/01/10 26,658,076
6 360 360 08/22/00 09/05/15 25,366,642
7 360 356 07/31/00 08/01/10 25,562,116
8 360 359 10/13/00 11/05/10 25,492,959
8a
8b
8c
----------------------------------------------------------------------------------------------------------------------------------
9 360 358 09/28/00 10/01/10 22,870,699
10 360 359 10/19/00 11/01/10 17,913,215
11 360 356 07/31/00 08/05/10 17,559,192
12 360 356 07/28/00 08/01/10 17,506,604
13 360 358 09/29/00 10/01/10 16,408,856
----------------------------------------------------------------------------------------------------------------------------------
14 360 357 08/30/00 09/01/10 16,448,307
14a
14b
14c
14d
----------------------------------------------------------------------------------------------------------------------------------
15 360 357 08/31/00 09/01/10 16,254,070
16 360 358 09/29/00 10/01/10 14,100,618
17 360 357 08/28/00 09/01/10 13,653,954
18 360 357 08/18/00 09/01/10 13,678,339
19 360 358 09/29/00 10/01/10 13,433,397
----------------------------------------------------------------------------------------------------------------------------------
20 360 359 10/27/00 11/05/10 13,352,088
21 360 352 03/30/00 04/01/10 12,731,100
22 360 357 08/11/00 09/01/10 12,586,823
23 360 358 09/27/00 10/01/10 11,959,313
24 360 360 08/23/00 09/01/11 11,770,948
----------------------------------------------------------------------------------------------------------------------------------
25 360 360 08/04/00 05/05/10 11,798,839
26 360 358 09/20/00 10/01/10 11,490,959
27 360 356 07/25/00 08/01/10 10,998,634
28 300 293 04/28/00 05/01/10 10,311,851
29 360 357 09/01/00 09/05/10 10,818,558
----------------------------------------------------------------------------------------------------------------------------------
30 360 359 10/03/00 11/01/10 10,689,282
31 300 298 09/08/00 10/01/10 8,763,445
32 360 359 10/16/00 11/01/10 9,278,807
33 354 350 07/27/00 08/05/10 8,623,449
34 360 356 07/07/00 08/01/10 8,572,364
----------------------------------------------------------------------------------------------------------------------------------
35 360 355 06/09/00 07/01/10 8,578,074
36 360 358 09/26/00 10/01/10 8,451,609
37 360 358 09/18/00 10/01/10 8,109,611
38 360 349 12/16/99 01/01/10 8,026,449
39 360 359 10/10/00 11/01/10 7,768,257
----------------------------------------------------------------------------------------------------------------------------------
40 300 293 04/28/00 05/01/10 7,300,351
41 360 358 09/18/00 10/01/10 6,532,425
42 360 356 07/31/00 08/01/10 6,121,388
43 360 357 08/16/00 09/01/10 6,027,876
44 360 358 09/22/00 10/01/10 5,936,073
----------------------------------------------------------------------------------------------------------------------------------
45 360 355 06/30/00 07/01/10 5,840,785
46 360 359 10/12/00 11/01/10 5,838,171
47 360 359 10/10/00 11/01/10 5,744,338
48 360 358 09/29/00 10/01/10 5,511,817
49 360 357 08/30/00 09/01/10 5,538,155
----------------------------------------------------------------------------------------------------------------------------------
50 300 297 08/18/00 09/01/10 5,097,255
51 360 355 06/28/00 12/05/13 5,177,333
52 360 356 07/20/00 08/01/10 5,278,156
53 300 297 08/02/00 09/01/10 4,944,952
54 360 356 07/31/00 08/01/10 5,138,555
----------------------------------------------------------------------------------------------------------------------------------
55 360 359 10/06/00 11/01/10 5,028,232
56 360 357 08/28/00 09/01/10 4,998,996
57 360 359 10/05/00 11/01/10 5,032,761
58 360 357 08/07/00 09/01/10 4,935,946
59 360 358 09/25/00 10/05/10 4,827,193
----------------------------------------------------------------------------------------------------------------------------------
60 300 297 08/10/00 09/01/10 4,277,619
61 360 358 09/20/00 10/05/10 4,583,238
62 360 358 09/15/00 10/01/10 4,504,303
63 360 359 10/26/00 11/05/15 3,993,588
64 360 356 07/21/00 08/01/10 4,500,449
64a
64b
64c
----------------------------------------------------------------------------------------------------------------------------------
65 360 356 07/17/00 08/01/10 4,525,617
66 360 357 08/28/00 09/01/10 4,323,513
67 360 358 09/05/00 10/01/10 4,355,031
68 360 356 07/31/00 08/01/10 4,312,796
69 360 359 10/06/00 11/01/10 4,333,126
----------------------------------------------------------------------------------------------------------------------------------
70 360 350 01/14/00 02/01/10 4,290,373
71 360 356 07/24/00 08/01/10 4,222,500
72 360 352 03/03/00 04/01/10 4,088,517
73 300 298 09/26/00 10/01/10 3,723,197
74 360 358 09/22/00 10/01/10 4,002,353
----------------------------------------------------------------------------------------------------------------------------------
75 300 296 07/31/00 08/01/10 3,683,953
76 360 358 09/22/00 10/01/10 3,780,999
77 276 274 09/22/00 10/01/10 3,270,753
78 360 359 10/16/00 11/01/10 3,681,682
79 360 358 09/13/00 10/01/10 3,570,139
----------------------------------------------------------------------------------------------------------------------------------
80 360 354 05/04/00 06/01/10 3,499,328
81 300 296 07/31/00 08/01/10 3,159,567
82 360 355 06/30/00 07/01/10 3,401,179
83 300 296 07/31/00 08/01/10 3,097,869
84 360 358 09/26/00 10/01/10 3,195,844
----------------------------------------------------------------------------------------------------------------------------------
85 360 358 09/25/00 10/05/10 3,136,162
86 360 356 07/17/00 08/01/10 3,134,211
86a
86b
86c
86d
86e
86f
----------------------------------------------------------------------------------------------------------------------------------
87 360 358 09/08/00 10/01/10 3,030,610
88 360 353 04/28/00 05/01/10 3,066,674
89 360 358 09/21/00 10/01/10 2,962,513
90 300 296 08/01/00 08/01/10 2,769,603
91 360 356 07/18/00 08/01/10 2,943,018
----------------------------------------------------------------------------------------------------------------------------------
92 360 356 07/06/00 08/01/10 2,893,288
93 360 358 09/15/00 10/01/10 2,879,663
93a
93b
94 300 298 09/19/00 10/05/10 2,692,827
----------------------------------------------------------------------------------------------------------------------------------
95 360 359 10/13/00 11/01/10 2,843,919
96 360 358 09/06/00 10/01/10 2,838,364
97 360 359 10/13/00 11/01/10 2,761,231
98 360 357 08/10/00 09/01/10 2,710,189
99 360 357 08/25/00 09/05/10 2,700,917
----------------------------------------------------------------------------------------------------------------------------------
100 360 356 07/31/00 08/01/10 2,647,815
101 360 357 08/10/00 09/01/10 2,614,976
102 300 294 05/31/00 06/01/10 2,419,982
103 300 298 09/21/00 10/01/10 2,368,988
104 360 359 10/16/00 11/01/10 2,361,193
----------------------------------------------------------------------------------------------------------------------------------
105 360 358 09/07/00 10/01/10 2,275,496
106 300 297 08/29/00 09/01/10 2,083,258
107 360 355 06/13/00 07/01/10 2,271,748
108 300 294 05/26/00 06/01/10 2,043,985
109 300 296 07/19/00 08/01/10 2,009,291
----------------------------------------------------------------------------------------------------------------------------------
110 360 357 08/07/00 09/01/10 2,172,071
111 360 359 10/16/00 11/01/10 2,105,297
112 360 356 08/01/00 08/05/10 2,043,869
113 360 359 10/10/00 11/01/10 2,017,423
114 360 355 06/30/00 07/01/10 2,034,064
----------------------------------------------------------------------------------------------------------------------------------
115 360 356 07/28/00 08/01/10 1,985,179
116 360 357 08/24/00 09/01/10 1,926,668
117 360 359 10/10/00 11/01/10 1,902,589
118 300 297 08/17/00 09/01/10 1,687,476
119 360 355 06/12/00 07/01/10 1,800,515
----------------------------------------------------------------------------------------------------------------------------------
120 360 356 07/31/00 08/01/10 1,796,807
121 360 357 08/31/00 09/01/10 1,803,505
122 360 356 07/21/00 08/01/10 1,811,674
123 360 355 06/14/00 07/01/05 1,890,875
124 360 359 10/11/00 11/01/10 1,758,386
----------------------------------------------------------------------------------------------------------------------------------
125 240 233 04/24/00 05/01/10 1,381,561
126 360 353 04/20/00 05/01/10 1,617,454
127 360 354 05/31/00 06/01/10 1,560,007
128 300 293 04/10/00 05/01/10 1,426,507
129 360 357 08/24/00 09/01/10 1,550,306
----------------------------------------------------------------------------------------------------------------------------------
130 360 356 07/06/00 08/01/10 1,522,990
131 360 357 08/31/00 09/05/10 1,513,508
132 360 357 08/24/00 09/01/10 1,514,251
133 300 294 05/11/00 06/01/10 1,332,265
133a
133b
133c
----------------------------------------------------------------------------------------------------------------------------------
134 324 318 05/08/00 06/01/10 1,307,547
135 360 354 05/19/00 06/01/10 1,365,480
136 360 359 10/13/00 11/01/10 1,371,528
137 300 295 06/14/00 07/01/10 1,231,390
138 360 355 06/02/00 07/01/10 1,238,301
----------------------------------------------------------------------------------------------------------------------------------
139 360 359 10/06/00 11/05/10 1,217,442
140 360 357 08/16/00 09/01/10 1,215,639
141 360 357 08/31/00 09/05/10 1,203,620
142 300 295 06/27/00 07/01/10 1,113,512
143 360 357 08/23/00 09/01/10 1,170,936
----------------------------------------------------------------------------------------------------------------------------------
144 360 357 08/14/00 09/01/10 1,130,403
145 300 292 03/29/00 04/01/10 1,015,298
146 360 355 06/22/00 07/01/10 1,076,275
147 360 355 06/20/00 07/01/10 1,052,886
148 300 292 03/13/00 04/05/10 925,322
----------------------------------------------------------------------------------------------------------------------------------
149 360 357 08/03/00 09/05/10 992,042
150 180 173 04/24/00 05/01/15 26,964
151 300 296 07/14/00 08/01/10 909,387
152 300 292 03/22/00 04/01/10 841,659
153 360 356 07/31/00 08/01/10 904,614
----------------------------------------------------------------------------------------------------------------------------------
154 360 357 08/07/00 09/05/10 907,660
155 300 295 06/22/00 07/01/10 836,948
156 300 295 06/30/00 07/01/10 839,139
157 360 350 01/10/00 02/01/10 893,579
158 300 295 06/08/00 07/01/10 803,898
----------------------------------------------------------------------------------------------------------------------------------
159 360 357 08/31/00 09/05/10 853,312
160 360 357 08/16/00 09/01/10 844,723
161 180 173 04/11/00 05/01/15 32,279
162 324 319 06/15/00 07/01/10 764,575
163 360 359 10/26/00 11/05/10 749,501
----------------------------------------------------------------------------------------------------------------------------------
164 360 355 06/22/00 07/01/10 726,613
165 300 295 06/14/00 07/01/10 661,737
166 300 295 06/22/00 07/01/10 617,359
167 360 357 08/16/00 09/01/10 649,717
168 360 357 08/29/00 09/01/10 606,774
----------------------------------------------------------------------------------------------------------------------------------
169 324 318 05/08/00 06/01/10 567,182
170 360 355 06/14/00 07/01/05 620,199
171 300 295 06/22/00 07/01/10 532,634
172 360 356 07/07/00 08/01/10 537,142
173 300 293 04/17/00 05/01/10 464,635
----------------------------------------------------------------------------------------------------------------------------------
174 300 295 06/07/00 07/01/10 428,957
175 360 355 06/22/00 07/01/10 337,673
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL PARTICIPATION
CONTROL DEBT ANNUAL DEBT UNDERWRITTEN NET UNDERWRITTEN NET
NUMBER PREPAYMENT PROVISION SERVICE ($) SERVICE ($) OPERATING INCOME ($) CASH FLOW ($)
<S> <C> <C> <C> <C> <C>
1 Lock/25_Defeasance/91_0%/4 12,727,546 21,229,756 20,097,142
2 Lock/25_Defeasance/90_0%/4 8,488,139 19,048,453 18,387,396
3 Lock/25_Defeasance/91_0%/4 4,390,046 7,418,786 6,499,426
4 Lock/24_Defeasance/92_0%/4 3,041,865 $3,041,865 6,175,617 6,175,617
4a 554,895 554,895
4b 1,012,147 1,012,147
4c 1,081,828 1,081,828
4d 1,281,608 1,281,608
4e 280,899 280,899
4f 518,783 518,783
4g 547,109 547,109
4h 898,348 898,348
--------------------------------------------------------------------------------------------------------------------------------
5 Lock/49_Defeasance/67_0%/4 2,579,084 3,838,140 3,786,951
6 Lock/26_Defeasance/152_0%/2 2,706,668 3,284,585 3,212,585
7 Lock/28_Defeasance/88_0%/4 2,567,508 3,412,925 3,220,925
8 Lock/24_Defeasance/94_0%/2 2,555,809 3,437,911 3,213,387
8a 1,260,886 1,174,774
8b 1,197,442 1,119,983
8c 979,583 918,630
--------------------------------------------------------------------------------------------------------------------------------
9 Lock/26_Defeasance/90_0%/4 2,273,113 2,897,239 2,810,239
10 Lock/25_Defeasance/91_0%/4 1,774,438 2,232,559 2,199,754
11 Lock/27_Defeasance/91_0%/2 1,738,949 2,145,968 2,085,568
12 Lock/28_Defeasance/88_0%/4 1,744,821 2,404,088 2,260,451
13 Lock/26_Defeasance/90_0%/4 1,603,253 2,147,115 2,009,715
--------------------------------------------------------------------------------------------------------------------------------
14 Lock/27_Defeasance/89_0%/4 1,653,599 2,135,576 2,038,201
14a 527,853 507,459
14b 423,758 405,461
14c 950,961 901,459
14d 233,004 223,822
--------------------------------------------------------------------------------------------------------------------------------
15 Lock/27_Defeasance/89_0%/4 1,622,598 2,304,138 2,058,371
16 Lock/26_Defeasance/90_0%/4 1,367,877 1,868,750 1,813,550
17 Lock/27_> of YM or 1%/89_0%/4 1,342,875 1,896,954 1,736,296
18 Lock/27_Defeasance/89_0%/4 1,374,159 1,791,655 1,726,092
19 Lock/26_Defeasance/90_0%/4 1,303,151 1,650,531 1,599,931
--------------------------------------------------------------------------------------------------------------------------------
20 Lock/24_Defeasance/94_0%/2 1,311,375 1,719,326 1,612,380
21 Lock/32_Defeasance/84_0%/4 1,319,258 1,731,892 1,589,008
22 Lock/27_Defeasance/89_0%/4 1,260,947 1,663,591 1,561,591
23 Lock/26_Defeasance/90_0%/4 1,197,900 1,576,487 1,495,597
24 Lock/27_Defeasance/101_0%/4 1,163,385 1,497,534 1,427,134
--------------------------------------------------------------------------------------------------------------------------------
25 Lock/28_Defeasance/88_0%/2 1,147,662 1,525,934 1,441,934
26 Lock/26_Defeasance/90_0%/4 1,145,318 1,805,815 1,466,394
27 Lock/28_Defeasance/88_0%/4 1,110,163 1,420,808 1,360,808
28 Lock/31_Defeasance/85_0%/4 1,220,572 1,892,506 1,719,563
29 Lock/26_Defeasance/93_0%/1 1,079,224 1,423,831 1,299,618
--------------------------------------------------------------------------------------------------------------------------------
30 Lock/25_Defeasance/91_0%/4 1,070,904 1,449,612 1,334,086
31 Lock/47_Defeasance/66_0%/7 1,010,344 1,475,881 1,475,881
32 Lock/25_Defeasance/91_0%/4 921,747 1,366,733 1,216,796
33 Lock/27_Defeasance/91_0%/2 884,949 1,207,902 1,084,333
34 Lock/28_Defeasance/88_0%/4 867,690 1,403,597 1,287,728
--------------------------------------------------------------------------------------------------------------------------------
35 Lock/29_Defeasance/87_0%/4 869,300 1,174,481 1,118,577
36 Lock/26_Defeasance/90_0%/4 828,734 1,169,129 1,100,215
37 Lock/26_Defeasance/90_0%/4 817,450 1,043,700 1,016,023
38 Lock/35_Defeasance/81_0%/4 814,532 1,110,212 1,069,264
39 Lock/31_> of YM or 1%/85_0%/4 762,414 970,839 961,239
--------------------------------------------------------------------------------------------------------------------------------
40 Lock/31_Defeasance/85_0%/4 864,113 1,336,950 1,210,495
41 Lock/26_Defeasance/90_0%/4 650,175 814,973 802,226
42 Lock/27_Defeasance/90_0%/3 609,666 894,644 829,644
43 Lock/27_Defeasance/89_0%/4 605,149 772,852 731,852
44 Lock/26_Defeasance/90_0%/4 595,003 783,075 722,575
--------------------------------------------------------------------------------------------------------------------------------
45 Lock/29_Defeasance/87_0%/4 583,248 936,603 876,375
46 Lock/25_Defeasance/91_0%/4 583,248 865,970 778,059
47 Lock/25_Defeasance/91_0%/4 572,659 791,459 722,496
48 Lock/26_Defeasance/90_0%/4 543,945 725,907 663,907
49 Lock/27_Defeasance/89_0%/4 557,551 804,765 716,574
--------------------------------------------------------------------------------------------------------------------------------
50 Lock/48_Defeasance/70_0%/2 589,426 871,278 871,278
51 Lock/28_Defeasance/131_0%/2 562,845 706,325 664,325
52 Lock/28_Defeasance/88_0%/4 536,869 755,309 696,061
53 Lock/36_Defeasance/82_0%/2 596,042 846,634 846,634
54 Lock/27_Defeasance/90_0%/3 511,780 705,914 655,914
--------------------------------------------------------------------------------------------------------------------------------
55 Lock/25_Defeasance/91_0%/4 510,157 911,742 839,237
56 Lock/27_Defeasance/89_0%/4 503,625 704,231 662,207
57 Lock/25_Defeasance/91_0%/4 517,771 725,179 665,682
58 Lock/27_Defeasance/89_0%/4 497,273 672,694 623,444
59 Lock/25_Defeasance/93_0%/2 475,028 591,863 546,613
--------------------------------------------------------------------------------------------------------------------------------
60 Lock/47_Defeasance/71_0%/2 513,172 748,292 748,292
61 Lock/25_Defeasance/91_0%/4 458,270 690,171 591,431
62 Lock/26_Defeasance/90_0%/4 453,716 819,117 733,001
63 Lock/24_Defeasance/154_0%/2 440,259 539,804 513,404
64 Lock/28_Defeasance/88_0%/4 459,041 602,687 551,433
64a 243,228 223,978
64b 291,574 266,570
64c 67,884 60,884
--------------------------------------------------------------------------------------------------------------------------------
65 Lock/28_Defeasance/88_0%/4 469,660 578,914 567,664
66 Lock/27_Defeasance/89_0%/4 422,192 542,732 525,092
67 Lock/26_Defeasance/90_0%/4 446,088 624,260 558,628
68 Lock/27_Defeasance/90_0%/3 429,538 579,338 532,338
69 Lock/25_Defeasance/91_0%/4 439,633 623,084 598,943
--------------------------------------------------------------------------------------------------------------------------------
70 Lock/34_Defeasance/82_0%/4 450,160 613,033 563,269
71 Lock/28_Defeasance/88_0%/4 435,794 576,333 549,831
72 Lock/35_Defeasance/81_0%/4 422,506 661,611 620,263
73 Lock/26_Defeasance/90_0%/4 421,801 557,402 541,563
74 Lock/26_Defeasance/90_0%/4 401,176 546,869 500,669
--------------------------------------------------------------------------------------------------------------------------------
75 Lock/35_Defeasance/82_0%/3 427,386 696,489 696,489
76 Lock/26_Defeasance/90_0%/4 380,057 566,750 484,181
77 Lock/26_Defeasance/90_0%/4 404,362 553,918 498,373
78 Lock/25_Defeasance/91_0%/4 367,550 501,646 481,474
79 Lock/26_Defeasance/90_0%/4 345,586 483,906 476,306
--------------------------------------------------------------------------------------------------------------------------------
80 Lock/30_Defeasance/86_0%/4 362,136 508,965 447,197
81 Lock/35_Defeasance/82_0%/3 361,440 747,684 747,684
82 Lock/29_Defeasance/87_0%/4 345,156 466,697 434,195
83 Lock/35_Defeasance/82_0%/3 359,393 573,060 573,060
84 Lock/26_Defeasance/90_0%/4 321,238 492,488 437,903
--------------------------------------------------------------------------------------------------------------------------------
85 Lock/25_Defeasance/93_0%/2 310,820 564,459 521,184
86 Lock/28_Defeasance/88_0%/4 323,922 455,140 416,782
86a 104,577 93,277
86b 33,875 31,592
86c 33,575 29,392
86d 19,201 17,288
86e 48,205 45,118
86f 215,708 200,116
--------------------------------------------------------------------------------------------------------------------------------
87 Lock/26_Defeasance/90_0%/4 295,687 395,727 382,343
88 Lock/31_Defeasance/85_0%/4 309,678 396,362 391,511
89 Lock/26_Defeasance/90_0%/4 295,277 365,974 353,014
90 Lock/35_Defeasance/81_0%/4 322,883 635,232 635,232
91 Lock/28_Defeasance/88_0%/4 298,307 375,103 369,203
--------------------------------------------------------------------------------------------------------------------------------
92 Lock/28_Defeasance/88_0%/4 287,753 420,619 391,119
93 Lock/26_Defeasance/90_0%/4 288,847 416,949 363,525
93a 187,226 164,752
93b 229,723 198,773
94 Lock/25_Defeasance/93_0%/2 315,703 358,170 349,372
--------------------------------------------------------------------------------------------------------------------------------
95 Lock/25_Defeasance/91_0%/4 276,529 336,232 331,132
96 Lock/26_Defeasance/90_0%/4 286,107 360,008 350,735
97 Lock/25_Defeasance/91_0%/4 274,298 375,394 343,634
98 Lock/27_Defeasance/89_0%/4 275,534 364,996 354,146
99 Lock/26_Defeasance/92_0%/2 271,722 338,306 327,106
--------------------------------------------------------------------------------------------------------------------------------
100 Lock/27_Defeasance/90_0%/3 263,712 375,322 345,322
101 Lock/27_Defeasance/89_0%/4 257,551 344,928 327,042
102 Lock/30_Defeasance/86_0%/4 278,813 469,050 390,668
103 Lock/26_Defeasance/90_0%/4 268,993 415,048 382,050
104 Lock/25_Defeasance/91_0%/4 232,899 310,385 296,985
--------------------------------------------------------------------------------------------------------------------------------
105 Lock/26_Defeasance/87_0%/7 228,084 331,623 288,795
106 Lock/27_Defeasance/89_0%/4 239,550 388,876 329,618
107 Lock/29_Defeasance/87_0%/4 240,742 339,645 305,884
108 Lock/30_Defeasance/83_0%/7 239,738 330,842 300,863
109 Lock/28_Defeasance/88_0%/4 233,071 371,280 355,123
--------------------------------------------------------------------------------------------------------------------------------
110 Lock/27_Defeasance/89_0%/4 222,060 335,724 278,599
111 Lock/25_Defeasance/91_0%/4 208,694 296,232 258,658
112 Lock/27_Defeasance/91_0%/2 204,137 370,532 314,872
113 Lock/25_Defeasance/91_0%/4 202,400 299,716 263,806
114 Lock/29_Defeasance/87_0%/4 209,161 272,954 262,471
--------------------------------------------------------------------------------------------------------------------------------
115 Lock/28_Defeasance/88_0%/4 200,939 259,455 254,205
116 Lock/27_Defeasance/89_0%/4 191,113 308,629 270,081
117 Lock/49_Defeasance/67_0%/4 195,197 276,736 258,480
118 Lock/27_Defeasance/89_0%/4 196,009 283,393 244,442
119 Lock/29_Defeasance/87_0%/4 180,810 260,636 242,636
--------------------------------------------------------------------------------------------------------------------------------
120 Lock/28_Defeasance/88_0%/4 179,461 222,677 217,177
121 Lock/27_Defeasance/89_0%/4 182,333 273,974 272,519
122 Lock/28_Defeasance/88_0%/4 185,561 272,703 250,297
123 Lock/29_Defeasance/27_0%/4 185,032 313,384 286,884
124 Lock/25_Defeasance/91_0%/4 176,412 236,014 220,952
--------------------------------------------------------------------------------------------------------------------------------
125 Lock/31_Defeasance/85_0%/4 203,673 278,854 252,510
126 Lock/48_> of YM or 1%/68_0%/4 163,962 218,910 209,276
127 Lock/30_Defeasance/86_0%/4 152,192 255,851 230,834
128 Lock/31_Defeasance/85_0%/4 160,367 227,259 200,091
129 Lock/27_Defeasance/89_0%/4 156,515 210,494 194,881
--------------------------------------------------------------------------------------------------------------------------------
130 Lock/28_Defeasance/88_0%/4 150,827 207,296 192,796
131 Lock/26_Defeasance/92_0%/2 151,196 252,970 227,879
132 Lock/27_Defeasance/89_0%/4 152,875 207,568 193,889
133 Lock/30_Defeasance/86_0%/4 156,781 258,012 233,073
133a 117,024 106,274
133b 83,764 75,574
133c 57,224 51,224
--------------------------------------------------------------------------------------------------------------------------------
134 Lock/30_Defeasance/86_0%/4 141,865 204,164 177,174
135 Lock/30_Defeasance/86_0%/4 141,992 189,992 178,907
136 Lock/25_Defeasance/91_0%/4 144,832 204,011 198,131
137 Lock/29_Defeasance/87_0%/4 140,575 198,425 180,425
138 Lock/29_Defeasance/87_0%/4 123,132 162,777 153,777
--------------------------------------------------------------------------------------------------------------------------------
139 Lock/24_Defeasance/94_0%/2 123,132 195,229 153,174
140 Lock/27_Defeasance/89_0%/4 124,626 183,055 153,847
141 Lock/26_Defeasance/92_0%/2 120,239 203,207 179,617
142 Lock/29_Defeasance/87_0%/4 127,908 183,658 168,808
143 Lock/27_Defeasance/89_0%/4 117,966 189,158 163,997
--------------------------------------------------------------------------------------------------------------------------------
144 Lock/27_Defeasance/89_0%/4 113,883 161,774 144,949
145 Lock/32_Defeasance/84_0%/4 116,510 177,683 160,883
146 Lock/29_Defeasance/87_0%/4 106,869 144,319 133,319
147 Lock/29_Defeasance/87_0%/4 108,417 142,502 131,279
148 Lock/31_Defeasance/87_0%/2 108,344 166,079 144,079
--------------------------------------------------------------------------------------------------------------------------------
149 Lock/26_Defeasance/92_0%/2 100,329 193,082 152,348
150 Lock/31_Defeasance/145_0%/4 126,909 153,717 145,467
151 Lock/28_Defeasance/88_0%/4 102,843 154,169 131,189
152 Lock/32_Defeasance/84_0%/4 98,657 142,648 139,849
153 Lock/28_Defeasance/88_0%/4 92,270 135,892 127,769
--------------------------------------------------------------------------------------------------------------------------------
154 Lock/26_Defeasance/92_0%/2 93,634 137,139 118,695
155 Lock/48_5%/12_4%/12_3%/12_2%/12_1%/20_0%/4 96,951 141,566 128,477
156 Lock/29_Defeasance/87_0%/4 97,721 157,448 134,614
157 Lock/34_Defeasance/82_0%/4 94,334 132,406 118,047
158 Lock/29_Defeasance/87_0%/4 94,218 137,116 133,251
--------------------------------------------------------------------------------------------------------------------------------
159 Lock/26_Defeasance/92_0%/2 85,244 162,679 129,997
160 Lock/27_Defeasance/89_0%/4 84,505 131,976 121,726
161 Lock/31_Defeasance/145_0%/4 116,150 158,174 138,894
162 Lock/29_Defeasance/87_0%/4 84,745 127,353 107,699
163 Lock/24_Defeasance/94_0%/2 73,402 111,201 95,865
--------------------------------------------------------------------------------------------------------------------------------
164 Lock/29_Defeasance/87_0%/4 74,975 102,890 96,890
165 Lock/29_Defeasance/87_0%/4 76,783 106,028 95,831
166 Lock/29_Defeasance/87_0%/4 72,034 101,489 91,259
167 Lock/27_Defeasance/89_0%/4 64,997 95,670 87,840
168 Lock/27_Defeasance/89_0%/4 63,636 87,591 79,556
--------------------------------------------------------------------------------------------------------------------------------
169 Lock/30_Defeasance/86_0%/4 61,537 100,342 76,714
170 Lock/29_Defeasance/27_0%/4 63,181 90,394 84,394
171 Lock/29_Defeasance/87_0%/4 61,976 83,776 81,426
172 Lock/28_Defeasance/88_0%/4 55,590 75,774 70,024
173 Lock/31_Defeasance/85_0%/4 54,846 96,075 77,645
--------------------------------------------------------------------------------------------------------------------------------
174 Lock/29_Defeasance/87_0%/4 50,190 75,657 65,847
175 Lock/29_Defeasance/87_0%/4 35,978 49,980 45,072
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PARTICIPATION
CONTROL UNDERWRITTEN NCF UNDERWRITTEN NCF CROSS COLLATERALIZED ORIGINAL ORIGINAL CUT-OFF DATE
NUMBER DSCR (X) DSCR (X) DSCR (X) APPRAISAL VALUE ($) APPRAISAL DATE LTV (%)
<S> <C> <C> <C> <C> <C> <C>
1 1.58 250,000,000 08/30/00 58.33
2 2.17 217,000,000 09/13/00 46.54
3 1.48 79,000,000 09/02/00 63.25
4 2.03 2.03 70,800,000 44.45
4a 7,400,000 08/07/00
4b 10,100,000 08/03/00
4c 12,300,000 08/14/00
4d 13,400,000 08/25/00
4e 5,500,000 08/07/00
4f 5,300,000 08/16/00
4g 4,900,000 08/21/00
4h 11,900,000 08/28/00
------------------------------------------------------------------------------------------------------------------------------------
5 1.47 45,900,000 09/13/00 65.31
6 1.19 40,000,000 06/15/00 74.50
7 1.25 36,000,000 05/24/00 78.72
8 1.26 37,800,000 74.95
8a 14,300,000 07/07/00
8b 12,900,000 06/19/00
8c 10,600,000 06/19/00
------------------------------------------------------------------------------------------------------------------------------------
9 1.24 32,500,000 06/21/00 78.38
10 1.24 26,200,000 06/30/00 76.29
11 1.20 28,770,000 06/12/00 67.98
12 1.30 24,500,000 06/13/00 79.42
13 1.25 24,000,000 08/31/00 76.58
------------------------------------------------------------------------------------------------------------------------------------
14 1.23 23,425,000 77.88
14a 5,675,000 06/08/00
14b 4,525,000 05/25/00
14c 10,400,000 06/27/00
14d 2,825,000 06/07/00
------------------------------------------------------------------------------------------------------------------------------------
15 1.27 25,000,000 08/10/00 72.28
16 1.33 21,000,000 08/31/00 75.39
17 1.29 19,100,000 06/02/00 79.86
18 1.26 19,000,000 08/01/00 79.87
19 1.23 19,200,000 09/14/00 78.55
------------------------------------------------------------------------------------------------------------------------------------
20 1.26 18,700,000 09/18/00 77.75
21 1.20 18,900,000 11/19/99 73.80
22 1.24 18,400,000 06/29/00 75.96
23 1.25 20,900,000 12/31/00 63.57
24 1.23 17,150,000 07/03/00 76.68
------------------------------------------------------------------------------------------------------------------------------------
25 1.26 16,200,000 03/15/00 80.00
26 1.28 18,000,000 08/02/00 71.03
27 1.23 16,350,000 07/12/00 74.46
28 1.41 17,000,000 03/23/00 71.32
29 1.20 15,250,000 07/26/00 78.88
------------------------------------------------------------------------------------------------------------------------------------
30 1.25 15,000,000 07/21/00 79.22
31 1.46 14,450,000 06/01/00 72.54
32 1.32 14,475,000 08/24/00 71.46
33 1.28 13,800,000 04/28/00 66.52
34 1.48 13,000,000 06/08/00 72.93
------------------------------------------------------------------------------------------------------------------------------------
35 1.29 12,800,000 04/25/00 74.04
36 1.33 13,800,000 08/18/00 68.51
37 1.24 11,300,000 07/10/00 79.56
38 1.31 12,200,000 08/04/99 72.41
39 1.26 12,500,000 08/01/00 69.55
------------------------------------------------------------------------------------------------------------------------------------
40 1.40 12,300,000 03/01/00 69.78
41 1.23 9,100,000 08/01/00 79.91
42 1.36 1.30 8,800,000 06/29/00 77.33
43 1.21 8,750,000 06/30/00 76.44
44 1.21 1.23 8,580,000 08/20/00 76.84
------------------------------------------------------------------------------------------------------------------------------------
45 1.50 9,300,000 05/29/00 69.71
46 1.33 8,880,000 09/19/00 73.15
47 1.26 8,500,000 09/01/00 75.25
48 1.22 7,700,000 07/28/00 79.91
49 1.29 8,400,000 07/10/00 73.09
------------------------------------------------------------------------------------------------------------------------------------
50 1.48 7,800,000 05/25/00 77.99
51 1.18 7,175,000 01/24/00 84.82
52 1.30 7,500,000 03/22/00 77.71
53 1.42 8,100,000 07/01/00 71.44
54 1.28 1.30 7,270,000 06/29/00 78.58
------------------------------------------------------------------------------------------------------------------------------------
55 1.65 8,300,000 09/13/00 67.07
56 1.31 7,375,000 10/15/00 75.13
57 1.29 8,200,000 06/05/00 67.64
58 1.25 6,900,000 06/15/00 79.29
59 1.20 7,400,000 05/22/00 69.76
------------------------------------------------------------------------------------------------------------------------------------
60 1.46 8,100,000 07/01/00 64.01
61 1.29 7,000,000 06/09/00 72.78
62 1.62 8,850,000 07/23/00 56.44
63 1.17 5,900,000 08/04/00 84.69
64 1.20 6,800,000 73.02
64a 2,500,000 02/24/00
64b 3,400,000 02/24/00
64c 900,000 02/24/00
------------------------------------------------------------------------------------------------------------------------------------
65 1.21 7,150,000 05/15/00 69.45
66 1.24 6,150,000 07/12/00 78.72
67 1.25 6,100,000 07/07/00 78.74
68 1.24 1.30 6,175,000 06/29/00 77.65
69 1.36 6,400,000 09/14/00 74.95
------------------------------------------------------------------------------------------------------------------------------------
70 1.25 7,630,000 11/12/99 61.31
71 1.26 6,700,000 06/08/00 69.27
72 1.47 6,290,000 02/01/00 71.27
73 1.28 5,800,000 09/01/00 77.44
74 1.25 1.23 6,120,000 08/02/00 72.64
------------------------------------------------------------------------------------------------------------------------------------
75 1.63 7,100,000 06/09/00 61.76
76 1.27 5,800,000 09/05/00 72.34
77 1.23 5,600,000 08/16/00 73.50
78 1.31 5,250,000 09/05/00 78.04
79 1.38 6,610,000 07/27/00 60.68
------------------------------------------------------------------------------------------------------------------------------------
80 1.23 5,000,000 03/21/00 76.78
81 2.07 7,000,000 06/05/00 54.09
82 1.26 4,850,000 04/27/00 77.44
83 1.59 5,600,000 06/09/00 65.85
84 1.36 4,450,000 08/08/00 79.69
------------------------------------------------------------------------------------------------------------------------------------
85 1.68 5,850,000 06/21/00 59.76
86 1.29 4,595,000 74.94
86a 1,050,000 05/20/00
86b 365,000 05/20/00
86c 360,000 05/20/00
86d 180,000 04/06/00
86e 490,000 04/06/00
86f 2,150,000 05/12/00
------------------------------------------------------------------------------------------------------------------------------------
87 1.29 4,250,000 05/05/00 79.91
88 1.26 4,800,000 03/07/00 70.58
89 1.20 4,300,000 04/26/00 76.66
90 1.97 5,800,000 02/23/00 56.71
91 1.24 4,300,000 06/08/00 75.66
------------------------------------------------------------------------------------------------------------------------------------
92 1.36 4,375,000 05/12/00 73.55
93 1.26 4,600,000 69.51
93a 1,900,000 08/01/00
93b 2,700,000 08/01/00
94 1.31 4,400,000 07/18/00 61.25
------------------------------------------------------------------------------------------------------------------------------------
95 1.20 4,525,000 09/01/00 70.56
96 1.23 3,950,000 08/01/00 79.67
97 1.25 4,100,000 08/09/00 75.07
98 1.29 3,900,000 07/05/00 76.80
99 1.20 3,940,000 06/30/00 76.01
------------------------------------------------------------------------------------------------------------------------------------
100 1.31 1.30 3,925,000 06/23/00 75.00
101 1.27 3,710,000 04/25/00 78.70
102 1.40 4,125,000 02/08/00 69.93
103 1.42 5,250,000 07/10/00 54.38
104 1.28 3,550,000 08/14/00 74.32
------------------------------------------------------------------------------------------------------------------------------------
105 1.27 3,340,000 05/23/00 75.67
106 1.38 3,200,000 07/15/00 77.91
107 1.27 4,200,000 02/22/00 58.93
108 1.25 3,310,000 12/23/99 72.99
109 1.52 3,800,000 07/06/00 62.94
------------------------------------------------------------------------------------------------------------------------------------
110 1.25 3,500,000 05/23/00 68.46
111 1.24 3,150,000 09/01/00 74.55
112 1.54 3,500,000 05/19/00 64.86
113 1.30 3,050,000 08/09/00 73.49
114 1.25 3,000,000 03/20/00 74.56
------------------------------------------------------------------------------------------------------------------------------------
115 1.27 2,750,000 08/01/00 79.84
116 1.41 3,275,000 06/19/00 65.53
117 1.32 3,000,000 08/26/00 69.96
118 1.25 2,900,000 07/02/00 69.30
119 1.34 3,095,000 12/20/99 64.46
------------------------------------------------------------------------------------------------------------------------------------
120 1.21 2,600,000 07/12/00 76.76
121 1.49 2,800,000 07/28/00 71.31
122 1.35 3,200,000 06/12/00 62.38
123 1.55 1.50 2,575,000 04/26/00 75.95
124 1.25 2,650,000 07/19/00 73.73
------------------------------------------------------------------------------------------------------------------------------------
125 1.24 2,700,000 11/17/99 69.68
126 1.28 2,750,000 11/11/99 64.90
127 1.52 2,900,000 03/07/00 60.13
128 1.25 2,180,000 02/22/00 78.83
129 1.25 2,200,000 09/01/00 78.05
------------------------------------------------------------------------------------------------------------------------------------
130 1.28 2,200,000 04/15/00 77.10
131 1.51 1.51 2,515,000 05/11/00 66.88
132 1.27 2,200,000 09/01/00 76.24
133 1.49 1,950,000 80.63
133a 850,000 10/08/99
133b 620,000 02/29/00
133c 480,000 02/29/00
------------------------------------------------------------------------------------------------------------------------------------
134 1.25 1.25 2,120,000 02/18/00 70.92
135 1.26 2,025,000 11/22/99 73.87
136 1.37 2,100,000 04/05/00 71.39
137 1.28 2,150,000 03/22/00 68.63
138 1.25 1,750,000 03/13/00 78.65
------------------------------------------------------------------------------------------------------------------------------------
139 1.24 2,350,000 06/02/00 57.41
140 1.23 1,850,000 05/01/00 72.43
141 1.49 1.51 2,000,000 05/22/00 66.88
142 1.32 1,800,000 05/10/00 73.90
143 1.55 1,900,000 05/20/00 61.45
------------------------------------------------------------------------------------------------------------------------------------
144 1.27 1,900,000 06/12/00 65.94
145 1.38 1,625,000 01/21/00 74.48
146 1.25 1,510,000 03/22/00 79.26
147 1.21 1,730,000 05/03/00 66.90
148 1.33 1,800,000 01/08/00 60.70
------------------------------------------------------------------------------------------------------------------------------------
149 1.52 2,175,000 06/02/00 50.49
150 1.15 1,630,000 03/13/00 66.17
151 1.28 1,500,000 04/06/00 73.06
152 1.42 1,350,000 01/15/00 73.58
153 1.38 1,500,000 01/14/00 66.54
------------------------------------------------------------------------------------------------------------------------------------
154 1.27 1,600,000 06/21/00 62.40
155 1.33 1,460,000 04/08/00 68.21
156 1.38 1,395,000 04/20/00 71.39
157 1.25 1,350,000 08/21/99 72.04
158 1.41 1,470,000 04/06/00 64.71
------------------------------------------------------------------------------------------------------------------------------------
159 1.52 1.51 1,930,000 05/22/00 49.14
160 1.44 1,400,000 05/05/00 67.03
161 1.20 1,500,000 12/28/99 60.30
162 1.27 1,400,000 03/03/00 62.30
163 1.31 1,100,000 08/16/00 76.31
------------------------------------------------------------------------------------------------------------------------------------
164 1.29 1.28 1,000,000 03/22/00 79.82
165 1.25 1,050,000 04/20/00 74.93
166 1.27 1.28 1,000,000 03/22/00 73.20
167 1.35 1,050,000 05/05/00 68.74
168 1.25 950,000 06/09/00 69.90
------------------------------------------------------------------------------------------------------------------------------------
169 1.25 1.25 920,000 02/22/00 70.89
170 1.34 1.50 850,000 04/26/00 75.16
171 1.31 985,000 02/21/00 64.20
172 1.26 820,000 04/11/00 71.94
173 1.42 775,000 02/11/00 70.58
------------------------------------------------------------------------------------------------------------------------------------
174 1.31 860,000 12/08/99 59.07
175 1.25 460,000 03/22/00 79.85
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PARTICIPATION
PARTICIPATION SCHEDULED SCHEDULED
CONTROL CUT-OFF DATE MATURITY OR ARD MATURITY OR ARD CROSS COLLATERALIZED
NUMBER LTV (%) DATE LTV (%) DATE LTV (%) LTV RATIO (%) YEAR BUILT YEAR RENOVATED
<S> <C> <C> <C> <C> <C> <C>
1 52.09 1997
2 41.01 1999
3 56.54 1985
4 44.45 36.92 36.92
4a 1997
4b 1997
4c 1996
4d 1994
4e 1993 1999 (Partial)
4f 1992 1998/1999
4g 1996
4h 1986 1998/1999
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
5 58.08 1999/2000
6 63.42 1999
7 71.01 1977 1993
8 67.44
8a 1964 1994
8b 1994 1998
8c 1999
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
9 70.37 1999
10 68.37 1987 2000
11 61.03 1972/1976 1998/1999
12 71.46 1981/1993
13 68.37 1984/1987
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
14 70.22
14a 1999
14b 1999
14c 1999
14d 1998
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
15 65.02 1989
16 67.15 1999
17 71.49 1998
18 71.99 1999
19 69.97 1994/1998
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
20 71.4 1963 1998
21 67.36 1998
22 68.41 1965/1971
23 57.22 1999
24 68.64 1999
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
25 72.83 1945 Various
26 63.84 1905 1984
27 67.27 1998
28 60.66 1997
29 70.94 1954 1992
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
30 71.26 1986
31 60.65 1973 1999/2000
32 64.1 1998
33 62.49 1964 1992
34 65.94 1975 1994/1995 / 1997/1998
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
35 67.02 2000
36 61.24 1998
37 71.77 1999
38 65.79 1989
39 62.15 2000
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
40 59.35 1997
41 71.78 2000
42 69.56 77.42 1982/1985
43 68.89 1968
44 69.19 75.15 1983
------------------------------------------------------------------------------------------------------------------------------------
45 62.8 1965 1980/1981
46 65.75 1952/1959 1985
47 67.58 1994/1999/2000
48 71.58 1983 1997
49 65.93 1980/1988 1999
------------------------------------------------------------------------------------------------------------------------------------
50 65.35 1998
51 72.16 1997
52 70.38 1982
53 61.05 1998
54 70.68 77.42 1987
------------------------------------------------------------------------------------------------------------------------------------
55 60.58 1986/1993
56 67.78 2000
57 61.38 1990
58 71.54 1986
59 65.23 1971/1972
------------------------------------------------------------------------------------------------------------------------------------
60 52.81 1999
61 65.47 1988 1990
62 50.9 1973 1995
63 67.69 1999
64 66.18
64a 1928 1997/2000
64b 1928 1997/2000
64c 1931 2000
------------------------------------------------------------------------------------------------------------------------------------
65 63.3 1999
66 70.3 1999
67 71.39 1981
68 69.84 77.42 1985
69 67.71 1991
------------------------------------------------------------------------------------------------------------------------------------
70 56.23 1998
71 63.02 2000
72 65 mid-1980's/1996
73 64.19 1999
74 65.4 75.15 1979
------------------------------------------------------------------------------------------------------------------------------------
75 51.89 1996
76 65.19 1985/1986
77 58.41 1870/1899 1980's/1996/1999
78 70.13 2000
79 54.01 2000
------------------------------------------------------------------------------------------------------------------------------------
80 69.99 1988 1996
81 45.14 1988 1995
82 70.13 1989
83 55.32 1996 1998/1999
84 71.82 1986
------------------------------------------------------------------------------------------------------------------------------------
85 53.61 1993 1996
86 68.21
86a 1977
86b 1967
86c 1976
86d 1977
86e 1964
86f 1970
------------------------------------------------------------------------------------------------------------------------------------
87 71.31 2000
88 63.89 1999
89 68.9 1998
90 47.75 1998
91 68.44 1991 1994
------------------------------------------------------------------------------------------------------------------------------------
92 66.13 1985 1998
93 62.6
93a 1982 1994
93b 1983 1994
94 61.2 1999
------------------------------------------------------------------------------------------------------------------------------------
95 62.85 2000
96 71.86 1999
97 67.35 1999
98 69.49 1993 1999
99 68.55 1999
------------------------------------------------------------------------------------------------------------------------------------
100 67.46 77.42 1986
101 70.48 1988
102 58.67 1978
103 45.12 2000
104 66.51 1998/1999
------------------------------------------------------------------------------------------------------------------------------------
105 68.13 1984
106 65.1 1983/1985
107 54.09 1987
108 61.75 1960 1980
109 52.88 1972
------------------------------------------------------------------------------------------------------------------------------------
110 62.06 1969/1970 1993/1998
111 66.83 1989
112 58.4 1972/1974 1997/1998
113 66.15 1973/1983 2000
114 67.8 2000
------------------------------------------------------------------------------------------------------------------------------------
115 72.19 1912 2000
116 58.83 1988
117 63.42 1999
118 58.19 1985
119 58.17 1972 1999
------------------------------------------------------------------------------------------------------------------------------------
120 69.11 1916 2000
121 64.41 2000
122 56.61 1989/1990
123 73.43 75.76 1963 1997
124 66.35 1999
------------------------------------------------------------------------------------------------------------------------------------
125 51.17 1967
126 58.82 1900 1996
127 53.79 1947 1993
128 65.44 1984
129 70.47 1999/2000
------------------------------------------------------------------------------------------------------------------------------------
130 69.23 1970
131 60.18 62.64 1972
132 68.83 1999
133 68.32
133a 1969 2000
133b 1968 1999
133c 1965 1999
------------------------------------------------------------------------------------------------------------------------------------
134 61.68 70.91 1977 1999
135 67.43 1999
136 65.31 1969/1987/1988/1994
137 57.27 1962 1999
138 70.76 1974
------------------------------------------------------------------------------------------------------------------------------------
139 51.81 1989
140 65.71 1920
141 60.18 62.64 1988
142 61.86 1929
143 61.63 1989
------------------------------------------------------------------------------------------------------------------------------------
144 59.49 1981/1982 1997
145 62.48 1971
146 71.28 1948/1963 1998/1999
147 60.86 1999
148 51.41 1965/1970 1999
------------------------------------------------------------------------------------------------------------------------------------
149 45.61 1978
150 1.65 1921 1990
151 60.63 1972
152 62.35 1967 1980
153 60.31 1994
------------------------------------------------------------------------------------------------------------------------------------
154 56.73 1964
155 57.33 1999
156 60.15 1963 1989
157 66.19 1914 1987
158 54.69 1998
------------------------------------------------------------------------------------------------------------------------------------
159 44.21 62.64 1981
160 60.34 1914 1995
161 2.15 1971 1995
162 54.61 1966 1999
163 68.14 1973 1996/1999
------------------------------------------------------------------------------------------------------------------------------------
164 72.66 76.65 1982
165 63.02 1982 1997
166 61.74 76.65 1983 1984
167 61.88 1912 1995
168 63.87 1967 1999
------------------------------------------------------------------------------------------------------------------------------------
169 61.65 70.91 1984
170 72.96 75.76 1963 1997/1998
171 54.07 1950
172 65.51 1964
173 59.95 1978
------------------------------------------------------------------------------------------------------------------------------------
174 49.88 1983
175 73.41 1950 1983
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUT-OFF DATE PARTICIPATION
BALANCE PER BALANCE PER
CONTROL UNITS, BEDS SQ. FT., UNIT, BED, SQ. FT., UNIT, BED,
NUMBER ROOMS, SQFT UNIT DESCRIPTION PAD OR ROOM ($) PAD OR ROOM ($) OCCUPANCY (%) OCCUPANCY DATE
<S> <C> <C> <C> <C> <C> <C>
1 1,230,001 Sq Ft 119 98 11/20/00
2 528,846 Sq Ft 191 90 09/06/00
3 635,737 Sq Ft 79 96 09/01/00
4 965 Rooms 32,610 $32,610
4a 128 Rooms 73 08/31/00
4b 128 Rooms 84 08/31/00
4c 128 Rooms 87 08/31/00
4d 126 Rooms 74 08/31/00
4e 117 Rooms 75 08/31/00
4f 126 Rooms 62 08/31/00
4g 92 Rooms 69 08/31/00
4h 120 Rooms 80 08/31/00
----------------------------------------------------------------------------------------------------------------------------------
5 91 Units 329,438 100 09/28/00
6 360 Units 82,778 96 09/22/00
7 768 Units 36,902 96 08/24/00
8 269,107 Sq Ft 105
8a 111,933 Sq Ft 100 08/01/00
8b 97,874 Sq Ft 100 08/01/00
8c 59,300 Sq Ft 100 08/01/00
----------------------------------------------------------------------------------------------------------------------------------
9 435 Units 58,557 95 09/20/00
10 36,756 Sq Ft 544 100 10/18/00
11 302 Units 64,757 98 07/28/00
12 153,069 Sq Ft 127 98 06/30/00
13 600 Units 30,631 92 09/19/00
----------------------------------------------------------------------------------------------------------------------------------
14 167,177 Sq Ft 109
14a 39,218 Sq Ft 100 08/22/00
14b 39,218 Sq Ft 100 08/22/00
14c 62,740 Sq Ft 98 08/22/00
14d 26,001 Sq Ft 100 08/22/00
----------------------------------------------------------------------------------------------------------------------------------
15 185,613 Sq Ft 97 99 07/31/00
16 276 Units 57,359 98 09/18/00
17 107,262 Sq Ft 142 100 08/23/00
18 113,369 Sq Ft 134 100 08/15/00
19 253 Units 59,613 94 09/18/00
----------------------------------------------------------------------------------------------------------------------------------
20 112,287 Sq Ft 133 89 10/01/00
21 128,185 Sq Ft 109 96 06/28/00
22 408 Units 34,255 98 07/10/00
23 132,859 Sq Ft 100 80 09/19/00
24 352 Units 37,358 97 06/28/00
----------------------------------------------------------------------------------------------------------------------------------
25 336 Units 38,571 99 09/21/00
26 224,626 Sq Ft 57 95 09/15/00
27 240 Units 50,729 95 07/12/00
28 121 Rooms 100,195 79 03/31/00
29 165,417 Sq Ft 73 99 08/08/00
----------------------------------------------------------------------------------------------------------------------------------
30 114,354 Sq Ft 104 97 09/01/00
31 255 Rooms 41,105 78 04/30/00
32 106,323 Sq Ft 97 100 10/16/00
33 126,708 Sq Ft 76 94 10/01/00
34 305,870 Sq Ft 31 97 06/28/00
----------------------------------------------------------------------------------------------------------------------------------
35 91,332 Sq Ft 104 100 06/06/00
36 75,943 Sq Ft 125 100 07/21/00
37 74,338 Sq Ft 121 100 09/01/00
38 53,777 Sq Ft 164 94 09/28/00
39 48 Units 181,127 98 08/01/00
----------------------------------------------------------------------------------------------------------------------------------
40 98 Rooms 87,582 77 03/31/00
41 63,733 Sq Ft 114 100 08/17/00
42 260 Units 26,174 92 07/10/00
43 164 Units 40,785 95 08/01/00
44 220 Units 29,969 97 09/06/00
----------------------------------------------------------------------------------------------------------------------------------
45 239 Units 27,127 100 06/27/00
46 82,134 Sq Ft 79 100 10/01/00
47 62,611 Sq Ft 102 100 10/02/00
48 248 Units 24,811 96 09/05/00
49 150,032 Sq Ft 41 97 08/01/00
----------------------------------------------------------------------------------------------------------------------------------
50 113 Rooms 53,837 77 05/31/00
51 168 Units 36,224 96 08/29/00
52 91,178 Sq Ft 64 93 07/11/00
53 112 Rooms 51,665 72 06/30/00
54 200 Units 28,563 98 07/10/00
----------------------------------------------------------------------------------------------------------------------------------
55 168,775 Sq Ft 33 99 10/10/00
56 59,838 Sq Ft 93 100 08/28/00
57 70,440 Sq Ft 79 96 10/05/00
58 197 Units 27,771 98 07/25/00
59 181 Units 29,801 95 08/10/00
----------------------------------------------------------------------------------------------------------------------------------
60 95 Rooms 54,579 98 08/31/00
61 106,088 Sq Ft 48 83 08/01/00
62 39,192 Sq Ft 127 100 07/19/00
63 132 Units 37,853 96 08/25/00
64 199 Units 24,951
64a 77 Units 100 10/01/00
64b 94 Units 100 10/01/00
64c 28 Units 100 10/01/00
----------------------------------------------------------------------------------------------------------------------------------
65 45 Units 110,353 100 07/17/00
66 98 Units 49,398 91 07/01/00
67 57,173 Sq Ft 84 92 07/31/00
68 188 Units 25,503 93 07/10/00
69 135,962 Sq Ft 35 100 05/18/00
----------------------------------------------------------------------------------------------------------------------------------
70 33,104 Sq Ft 141 100 06/06/00
71 27,974 Sq Ft 166 100 07/12/00
72 139,600 Sq Ft 32 85 10/25/00
73 64,200 Sq Ft 70 98 09/26/00
74 168 Units 26,460 98 09/06/00
----------------------------------------------------------------------------------------------------------------------------------
75 78 Rooms 56,219 83 08/30/00
76 82,342 Sq Ft 51 96 08/28/00
77 66,922 Sq Ft 62 100 09/22/00
78 28,368 Sq Ft 144 95 09/25/00
79 38 Units 105,558 100 08/31/00
----------------------------------------------------------------------------------------------------------------------------------
80 118,120 Sq Ft 33 88 07/01/00
81 98 Rooms 38,637 72 08/30/00
82 25,765 Sq Ft 146 100 07/01/00
83 120 Rooms 30,729 73 08/30/00
84 65,630 Sq Ft 54 95 07/24/00
----------------------------------------------------------------------------------------------------------------------------------
85 74,747 Sq Ft 47 100 08/22/00
86 140 Units 24,597
86a 36 Units 92 06/30/00
86b 8 Units 88 06/30/00
86c 8 Units 100 06/30/00
86d 6 Units 100 06/30/00
86e 12 Units 100 06/30/00
86f 70 Units 93 07/12/00
----------------------------------------------------------------------------------------------------------------------------------
87 50,000 Sq Ft 68 100 05/01/00
88 32,268 Sq Ft 105 100 04/18/00
89 72 Units 45,784 100 06/06/00
90 110 Rooms 29,900 81 07/31/00
91 118 Pads 27,571 100 07/05/00
----------------------------------------------------------------------------------------------------------------------------------
92 118 Units 27,271 98 05/31/00
93 55,511 Sq Ft 58
93a 20,541 Sq Ft 100 09/01/00
93b 34,970 Sq Ft 100 09/01/00
94 58,705 Sq Ft 54 76 10/04/00
----------------------------------------------------------------------------------------------------------------------------------
95 34 Units 93,905 100 09/19/00
96 43,600 Sq Ft 72 97 09/06/00
97 25,756 Sq Ft 120 98 09/19/00
98 30,725 Sq Ft 97 100 07/13/00
99 56 Units 53,482 95 08/01/00
----------------------------------------------------------------------------------------------------------------------------------
100 120 Units 24,530 95 07/12/00
101 66 Units 44,238 98 07/01/00
102 76,286 Sq Ft 38 91 04/01/00
103 57,974 Sq Ft 49 100 07/12/00
104 16,800 Sq Ft 157 90 09/06/00
----------------------------------------------------------------------------------------------------------------------------------
105 34,262 Sq Ft 74 100 07/05/00
106 44,335 Sq Ft 56 100 08/18/00
107 29,325 Sq Ft 84 100 09/01/00
108 26,069 Sq Ft 93 100 05/19/00
109 199 Pads 12,019 100 06/01/00
----------------------------------------------------------------------------------------------------------------------------------
110 41,916 Sq Ft 57 92 07/31/00
111 25,575 Sq Ft 92 100 08/15/00
112 220 Units 10,319 97 06/01/00
113 31,440 Sq Ft 71 97 10/04/00
114 16,908 Sq Ft 132 100 07/01/00
----------------------------------------------------------------------------------------------------------------------------------
115 21 Units 104,549 100 07/15/00
116 92,910 Sq Ft 23 77 10/03/00
117 19,213 Sq Ft 109 89 08/23/00
118 34,430 Sq Ft 58 100 08/01/00
119 72 Units 27,708 94 04/30/00
----------------------------------------------------------------------------------------------------------------------------------
120 22 Units 90,714 100 07/13/00
121 14,546 Sq Ft 137 100 07/25/00
122 45,725 Sq Ft 44 100 06/01/00
123 106 Units 18,450 99 07/31/00
124 20,743 Sq Ft 94 100 07/01/00
----------------------------------------------------------------------------------------------------------------------------------
125 22,915 Sq Ft 82 100 04/24/00
126 30 Units 59,494 97 04/14/00
127 94 Units 18,551 97 05/01/00
128 96 Units 17,902 97 03/01/00
129 18,192 Sq Ft 94 100 07/01/00
----------------------------------------------------------------------------------------------------------------------------------
130 58 Units 29,245 95 06/27/00
131 37,407 Sq Ft 45 85 06/30/00
132 18,120 Sq Ft 93 100 07/01/00
133 97 Units 16,209
133a 43 Units 100 09/01/00
133b 30 Units 100 09/01/00
133c 24 Units 100 09/01/00
----------------------------------------------------------------------------------------------------------------------------------
134 22,120 Sq Ft 68 93 04/20/00
135 10,249 Sq Ft 146 87 05/09/00
136 72 Pads 20,822 97 09/07/00
137 72 Units 20,493 100 04/22/00
138 36 Units 38,233 100 05/16/00
----------------------------------------------------------------------------------------------------------------------------------
139 33,626 Sq Ft 40 100 08/01/00
140 33,000 Sq Ft 41 100 08/12/00
141 21,160 Sq Ft 63 100 09/26/00
142 54 Units 24,635 100 06/02/00
143 16,527 Sq Ft 79 100 08/01/00
----------------------------------------------------------------------------------------------------------------------------------
144 29,956 Sq Ft 42 100 09/30/00
145 56 Units 21,612 98 03/31/00
146 44 Units 27,201 96 09/18/00
147 12,900 Sq Ft 90 100 09/01/00
148 88 Units 12,417 97 08/01/00
----------------------------------------------------------------------------------------------------------------------------------
149 23,860 Sq Ft 46 100 06/01/00
150 31 Units 34,790 97 04/08/00
151 60 Units 18,265 93 07/01/00
152 18,661 Sq Ft 53 99 06/15/00
153 7,008 Sq Ft 142 100 09/24/00
----------------------------------------------------------------------------------------------------------------------------------
154 16,802 Sq Ft 59 100 09/24/00
155 14,570 Sq Ft 68 100 06/14/00
156 108 Units 9,222 99 06/02/00
157 17,471 Sq Ft 56 83 09/01/00
158 38,650 Sq Ft 25 89 08/07/00
----------------------------------------------------------------------------------------------------------------------------------
159 31,918 Sq Ft 30 86 06/30/00
160 41 Units 22,888 100 08/07/00
161 29,200 Sq Ft 31 100 01/12/00
162 46,600 Sq Ft 19 100 05/25/00
163 54 Units 15,545 100 09/01/00
----------------------------------------------------------------------------------------------------------------------------------
164 24 Units 33,259 100 04/01/00
165 33 Units 23,841 97 04/17/00
166 10,500 Sq Ft 70 100 04/01/00
167 29 Units 24,888 100 08/07/00
168 8,530 Sq Ft 78 100 08/01/00
----------------------------------------------------------------------------------------------------------------------------------
169 19,800 Sq Ft 33 100 04/18/00
170 24 Units 26,617 100 06/30/00
171 47 Pads 13,455 96 06/01/00
172 23 Units 25,648 100 07/01/00
173 15,391 Sq Ft 36 90 07/01/00
----------------------------------------------------------------------------------------------------------------------------------
174 8,053 Sq Ft 63 100 05/22/00
175 17 Units 21,606 100 03/01/00
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL
CONTROL REQUIRED ANNUAL
NUMBER OWNERSHIP INTEREST LOCKBOX RESERVES ($) REQUIRED TI/LC ($) LARGEST TENANT
<S> <C> <C> <C> <C>
1 Fee Simple Hard 184,500 1,300,000 J.C. Penney
2 Leasehold Hard Regal Cinemas
3 Fee Simple Hard 127,147 840,575 Columbine JDS Systems, Inc.
4 Hard
4a Fee Simple
4b Fee Simple
4c Fee Simple
4d Fee Simple
4e Fee Simple
4f Fee Simple
4g Fee Simple
4h Fee Simple
------------------------------------------------------------------------------------------------------------------------------------
5 Fee Simple Hard 30,288 New York University
6 Fee Simple 72,000
7 Fee Simple Soft 192,000
8 Soft 40,366 174,175
8a Fee Simple Christmas Tree Shops
8b Fee Simple Christmas Tree Shops
8c Fee Simple Bernie's Audio Video
------------------------------------------------------------------------------------------------------------------------------------
9 Fee Simple Soft 87,000
10 Leasehold Hard 7,347 Related Management Company
11 Fee Simple 60,400
12 Fee Simple 29,083 41,000 Ross Stores
13 Fee Simple 137,400
------------------------------------------------------------------------------------------------------------------------------------
14 Hard 25,077 37,489
14a Fee Simple Piggly Wiggly
14b Fee Simple Piggly Wiggly
14c Fee Simple Piggly Wiggly
14d Fee Simple Piggly Wiggly
------------------------------------------------------------------------------------------------------------------------------------
15 Fee Simple Hard 38,979 263,570 Federal Data Systems
16 Fee Simple 55,200
17 Fee Simple 11,127 Lane Gorman Trubitt, LLP
18 Fee Simple 16,555 Ralph's
19 Fee Simple 50,600
------------------------------------------------------------------------------------------------------------------------------------
20 Fee Simple 19,089 Sun & Ski Sports
21 Fee Simple 19,252 55,008 Custom Research
22 Fee Simple 122,400
23 Fee Simple 19,929 Barnes & Noble
24 Fee Simple 52,800
------------------------------------------------------------------------------------------------------------------------------------
25 Fee Simple 84,000
26 Leasehold 44,925 318,972 CSX
27 Fee Simple 48,000
28 Fee Simple 172,478
29 Fee Simple Soft 24,816 99,396 Stein Mart #123
------------------------------------------------------------------------------------------------------------------------------------
30 Fee Simple 17,157 84,996 Miller, Canfield, Paddock
31 Fee Simple Springing
32 Fee Simple 13,300 110,400 Netensity, Inc.
33 Fee Simple 31,680 75,000 Bowl America
34 Fee Simple 30,504 180,000 K-Mart
------------------------------------------------------------------------------------------------------------------------------------
35 Fee Simple 18,266 Avanex Corporation
36 Fee Simple 11,073 Lutris Technologies Inc.
37 Fee Simple 2,330 Ralphs Grocery Store
38 Fee Simple 5,332 29,328 Softhome, Inc.
39 Fee Simple 9,600
------------------------------------------------------------------------------------------------------------------------------------
40 Fee Simple 125,460
41 Fee Simple Hard 9,560 Farm Fresh
42 Fee Simple Soft 65,000
43 Fee Simple 40,750
44 Fee Simple 63,580
------------------------------------------------------------------------------------------------------------------------------------
45 Fee Simple 60,228
46 Fee Simple Hard 16,427 80,046 Sisna
47 Fee Simple 6,261 45,000 Regence Blue Shield of Idaho
48 Fee Simple 62,000
49 Fee Simple 25,505 50,011 TCM Supply Corporation
------------------------------------------------------------------------------------------------------------------------------------
50 Fee Simple Springing 131,114
51 Fee Simple 33,600
52 Fee Simple 29,719 Food 4 Less #5
53 Fee Simple Springing 96,000
54 Fee Simple Soft 50,000
------------------------------------------------------------------------------------------------------------------------------------
55 Fee Simple Springing 16,877 60,000 Wal-Mart
56 Fee Simple Hard 5,973 Lakeview Technology, Inc.
57 Fee Simple Soft 13,088 49,080 Gold's Gym (D&B Enterprises)
58 Fee Simple 49,250
59 Fee Simple Springing 45,250
------------------------------------------------------------------------------------------------------------------------------------
60 Fee Simple Springing 76,218
61 Fee Simple 27,168 56,028 Ames
62 Fee Simple 7,856 Prime Pay Northern
63 Fee Simple 26,539
64 29,850
64a Fee Simple
64b Fee Simple
64c Fee Simple
------------------------------------------------------------------------------------------------------------------------------------
65 Fee Simple Springing 11,250
66 Fee Simple 17,640
67 Fee Simple 17,724 25,156 Pier 1 Imports
68 Fee Simple Soft 47,000
69 Both Fee Simple and Leasehold Springing 20,394 28,516 Wal-Mart
------------------------------------------------------------------------------------------------------------------------------------
70 Fee Simple 6,537 29,748 Islands Publishing
71 Fee Simple 23,352 Lucy's LaundryMart
72 Fee Simple 13,961 24,000 Home-Guard Window Warehouse
73 Fee Simple 12,840 Food Lion
74 Fee Simple 49,896
------------------------------------------------------------------------------------------------------------------------------------
75 Fee Simple Springing 88,800
76 Fee Simple 19,762 63,403 Goldcoast Autotronics, Inc.
77 Fee Simple 6,692 24,000 Ohio Blood Plasma Inc.
78 Fee Simple 3,404 Big 5
79 Fee Simple 8,004
------------------------------------------------------------------------------------------------------------------------------------
80 Fee Simple 30,629 Food Lion
81 Fee Simple Springing 90,000
82 Fee Simple 25,000 Jonart Realty
83 Fee Simple Springing 82,800
84 Fee Simple 16,407 32,400 Maxim Integrated Prod
------------------------------------------------------------------------------------------------------------------------------------
85 Fee Simple Hard Amtech Systems Corporation
86 38,358
86a Fee Simple
86b Fee Simple
86c Fee Simple
86d Fee Simple
86e Fee Simple
86f Fee Simple
------------------------------------------------------------------------------------------------------------------------------------
87 Fee Simple 5,000 Food Lion
88 Fee Simple Linens & Things
89 Fee Simple 12,960
90 Fee Simple Springing 96,000
91 Fee Simple 5,960
------------------------------------------------------------------------------------------------------------------------------------
92 Fee Simple 21,712
93 11,102 36,295
93a Fee Simple Dental World Center
93b Fee Simple HD Systems, Inc.
94 Fee Simple 5,865
------------------------------------------------------------------------------------------------------------------------------------
95 Fee Simple 5,100
96 Fee Simple 4,360 Food Lion
97 Fee Simple 2,576 7,500 St. Joseph's
98 Fee Simple Best Buy
99 Fee Simple 11,196
------------------------------------------------------------------------------------------------------------------------------------
100 Fee Simple Soft 30,000
101 Fee Simple 17,886
102 Fee Simple 11,443 34,329 Safe Passage PCSI
103 Fee Simple 5,797 24,000 Desert Collectibles
104 Fee Simple 1,680 10,008 Saddle Up Western Wear
------------------------------------------------------------------------------------------------------------------------------------
105 Fee Simple 6,167 16,680 PBS&J
106 Fee Simple 8,112 25,008 CQ2 Direct, Inc.
107 Fee Simple 29,256 Shugrue's
108 Fee Simple 3,931 26,069 East West Mortgage
109 Fee Simple 16,158
------------------------------------------------------------------------------------------------------------------------------------
110 Fee Simple 8,547 41,028 Drs. Mike and Art deLarios - Plaza I
111 Fee Simple 7,157 12,000 King County Health
112 Fee Simple
113 Fee Simple Springing 6,287 25,276 Austin Regional Clinic
114 Fee Simple 2,536 Eckerd's
------------------------------------------------------------------------------------------------------------------------------------
115 Fee Simple 5,250
116 Fee Simple Hard 13,937 24,000 Food Lion
117 Fee Simple 3,840 8,460 Physical Rehabilitation Network
118 Fee Simple 12,739 O'Malley's Bar
119 Fee Simple 12,960
------------------------------------------------------------------------------------------------------------------------------------
120 Fee Simple 3,300
121 Fee Simple Springing 1,455 Thomasville Furniture
122 Fee Simple 4,573 13,332 Office Works
123 Fee Simple 21,000
124 Fee Simple 2,074 12,000 Adspace Networks, Inc.
------------------------------------------------------------------------------------------------------------------------------------
125 Fee Simple 1,833 22,908 Louis Brandman & Sons
126 Fee Simple 8,134
127 Fee Simple 25,017
128 Fee Simple 27,168
129 Fee Simple 1,819 5,004 Parkway Products
------------------------------------------------------------------------------------------------------------------------------------
130 Fee Simple 8,700
131 Fee Simple 5,611 19,480 IOL Medical Services
132 Fee Simple 1,812 24,204 AP Technoglass
133 16,320
133a Fee Simple
133b Fee Simple
133c Fee Simple
------------------------------------------------------------------------------------------------------------------------------------
134 Fee Simple 6,000 21,900 Blockbuster Video
135 Fee Simple 1,537 10,800 Pizza Hut
136 Fee Simple 6,080
137 Fee Simple Soft 18,000
138 Fee Simple 9,000
------------------------------------------------------------------------------------------------------------------------------------
139 Fee Simple 5,044 27,910 Cypresswood Clinic Association
140 Fee Simple 9,666 17,386 Passaic County Legal Aid
141 Fee Simple 5,290 18,300 South College
142 Fee Simple 14,850
143 Fee Simple 4,455 First Security Service
------------------------------------------------------------------------------------------------------------------------------------
144 Fee Simple Hard 7,489 11,084 Southland Business Bank
145 Fee Simple 16,500
146 Fee Simple 11,000
147 Fee Simple 8,760 Army/Navy Recruiting
148 Fee Simple 21,996
------------------------------------------------------------------------------------------------------------------------------------
149 Fee Simple 4,772 34,598 Gill Kveen
150 Fee Simple
151 Fee Simple 22,980
152 Fee Simple
153 Fee Simple 7,008 Arvida
------------------------------------------------------------------------------------------------------------------------------------
154 Fee Simple 2,520 19,104 Master Systems
155 Fee Simple 2,186 Texas Fulton
156 Fee Simple 22,833
157 Fee Simple Gibson Management
158 Fee Simple 3,865
------------------------------------------------------------------------------------------------------------------------------------
159 Fee Simple 7,022 25,660 Monterrey Park College
160 Fee Simple 10,250
161 Fee Simple 5,840 13,440 Eastern State Tire
162 Fee Simple Independent Packaging
163 Fee Simple 15,336
------------------------------------------------------------------------------------------------------------------------------------
164 Fee Simple Hard
165 Fee Simple 10,197
166 Fee Simple Hard 9,216 Cumberland Farms
167 Fee Simple 7,830
168 Fee Simple 1,284 Radio Shack
------------------------------------------------------------------------------------------------------------------------------------
169 Fee Simple 6,000 11,940 Time Out Sports Grill
170 Fee Simple 3,600
171 Fee Simple
172 Fee Simple
173 Fee Simple 3,711 Circle A
------------------------------------------------------------------------------------------------------------------------------------
174 Fee Simple 1,208 Carson Insurance
175 Fee Simple Hard
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CONTROL LARGEST TENANT LARGEST TENANT
NUMBER SQ FT LEASE EXPIRATION
<S> <C> <C>
1 104,697 11/30/12
2 78,752 01/31/20
3 100,420 12/31/08
4
4a
4b
4c
4d
4e
4f
4g
4h
----------------------------------------------------
5 98,522 08/31/10
6
7
8
8a 57,776 09/30/13
8b 51,074 05/20/18
8c 21,450 08/31/09
----------------------------------------------------
9
10 21,137 02/28/11
11
12 30,000 01/31/06
13
----------------------------------------------------
14
14a 33,218 09/28/19
14b 33,218 02/27/19
14c 35,300 03/30/19
14d 26,001 11/30/18
----------------------------------------------------
15 66,746 12/31/04
16
17 24,565 06/30/08
18 57,155 01/31/19
19
----------------------------------------------------
20 26,138 04/30/09
21 29,618 08/31/08
22
23 22,050 02/28/15
24
----------------------------------------------------
25
26 70,592 05/31/05
27
28
29 37,177 11/06/06
----------------------------------------------------
30 18,397 07/31/03
31
32 24,798 06/30/05
33 34,425 07/31/01
34 89,445 03/31/02
----------------------------------------------------
35 91,332 04/14/10
36 28,199 12/31/03
37 51,028 02/28/19
38 16,499 09/11/13
39
----------------------------------------------------
40
41 46,933 04/01/20
42
43
44
----------------------------------------------------
45
46 10,829 05/31/07
47 25,038 08/31/06
48
49 8,460 08/14/05
----------------------------------------------------
50
51
52 42,275 12/01/14
53
54
----------------------------------------------------
55 65,904 11/17/06
56 22,032 04/30/10
57 19,964 08/31/10
58
59
----------------------------------------------------
60
61 43,020 02/28/19
62 5,290 06/14/02
63
64
64a
64b
64c
----------------------------------------------------
65
66
67 9,400 02/29/08
68
69 89,612 11/26/11
----------------------------------------------------
70 12,769 09/30/01
71 6,448 03/31/10
72 45,800 02/28/13
73 33,000 04/01/20
74
----------------------------------------------------
75
76 6,782 09/30/04
77 20,475 02/29/04
78 10,032 04/30/16
79
----------------------------------------------------
80 37,920 10/14/16
81
82 7,205 10/31/01
83
84 15,581 12/31/02
----------------------------------------------------
85 74,747 09/21/15
86
86a
86b
86c
86d
86e
86f
----------------------------------------------------
87 33,000 04/11/20
88 32,336 01/31/20
89
90
91
----------------------------------------------------
92
93
93a 3,482 01/31/06
93b 9,970 11/30/03
94
----------------------------------------------------
95
96 33,000 09/01/19
97 7,700 09/30/08
98 30,725 06/30/20
99
----------------------------------------------------
100
101
102 6,656 05/31/01
103 5,559 06/01/05
104 3,700 08/31/05
----------------------------------------------------
105 15,572 09/30/03
106 3,750 04/01/03
107 10,516 12/31/06
108 6,188 02/28/07
109
----------------------------------------------------
110 6,194 08/31/03
111 13,350 09/14/04
112
113 11,771 12/31/07
114 10,908 06/01/20
----------------------------------------------------
115
116 28,200 01/09/08
117 5,600 04/30/07
118 5,400 11/30/01
119
----------------------------------------------------
120
121 14,546
122 23,225 06/17/04
123
124 10,253 09/30/05
----------------------------------------------------
125 22,915 03/31/15
126
127
128
129 7,690 10/15/06
----------------------------------------------------
130
131 15,522 05/31/05
132 12,830 08/31/05
133
133a
133b
133c
----------------------------------------------------
134 6,720 12/31/04
135 2,400 11/30/04
136
137
138
----------------------------------------------------
139 6,963 12/31/02
140 7,000 10/30/05
141 21,160 12/31/01
142
143 3,176 07/31/04
----------------------------------------------------
144 8,458 12/31/09
145
146
147 3,600 02/28/01
148
----------------------------------------------------
149 2,968 11/30/02
150
151
152
153 3,112 12/31/02
----------------------------------------------------
154 2,706 06/30/01
155 5,580 01/14/05
156
157 3,012 05/31/02
158
----------------------------------------------------
159 7,359 05/31/03
160
161 14,500 04/30/11
162 46,600 12/31/09
163
----------------------------------------------------
164
165
166 3,000 02/28/04
167
168 2,625 08/31/04
----------------------------------------------------
169 4,600 12/31/01
170
171
172
173 2,434 01/31/03
----------------------------------------------------
174 1,930 11/30/03
175
----------------------------------------------------
</TABLE>
<PAGE>
CERTAIN CHARACTERISTICS OF THE MULTIFAMILY LOANS
<TABLE>
<CAPTION>
CONTROL LOAN
ID NUMBER PROPERTY NAME CITY COUNTY
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
5 DBM13657 201 East 14th - Coral Tower New York New York
6 21015 St. Croix Apartments at Pelican Marsh Naples Collier
7 DBM12838 Coral Gate Apartments Miami Dade
9 DBM14078 Copper Canyon Apartments Las Vegas Clark
11 28450 Governor's Square Apartments Sacramento Sacramento
------------------------------------------------------------------------------------------------------------------------------------
13 09-0001401 Harbor Pointe Apartments Orlando Orange
16 09-0001403 Brittany at Waterford Lakes Apartments Orlando Orange
19 09-0001402 Cross Timbers Apartments Morrisville Wake
22 DBM11332 Colonial Townhouse Willimantic Tolland and Windham
24 11029240 DeZavala Oaks Apartments San Antonio Bexar
------------------------------------------------------------------------------------------------------------------------------------
25 27395 Bound Brook Apartments Bound Brook Somerset
27 DBM12721 Napa Valley Apartments Henderson Clark
39 09-0001398 Waterview Apartments Kirkland King
42 991091256 Windover of Melbourne Apartments West Melbourne Brevard
43 DBM12582 Ridge Carlton Apartments Philadelphia Philadelphia
------------------------------------------------------------------------------------------------------------------------------------
44 DBM13891 Whisper Hollow Austin Travis
45 991091662 Park Colony Apartments Des Plaines Cook
48 DBM14180 Chandler's Mill Apartments Corpus Christi Nueces
51 28492 Vistas at Northbrook Normal McLean
54 991091255 Windover Health Club Apartments Orlando Orange
------------------------------------------------------------------------------------------------------------------------------------
58 11029222 The Willows Apartments Chesterfield Township Macomb
59 24767 Villages at McClintock Tempe Maricopa
63 28616 Waterford at Summit View Apartments Swatara Township Dauphin
65 DBM12720 Pennyfield Estates Bronx Bronx
------------------------------------------------------------------------------------------------------------------------------------
64 01-1026848 Bongiovanni Apartment Portfolio
64a 01-1026848-A 2100 Westbury Court Apartments Brooklyn Kings
64b 01-1026848-B 2110 Westbury Court Apartments Brooklyn Kings
64c 01-1026848-C 3506 Newkirk Avenue Apartments Brooklyn Kings
------------------------------------------------------------------------------------------------------------------------------------
66 09-0001391 Crystal Lake Apartments Corvallis Benton
68 991091257 Windover Golden Pointe West Melbourne Brevard
74 DBM13892 High Point Apartments Austin Travis
79 09-0001382 Sequoia Grove Danville Contra Costa
86 01-1026840 Kendall Apartment Portfolio
86a 01-1026840-A 39th Street Apartments Bettendorf Scott
86b 01-1026840-B Sutton Place Apartments Bettendorf Scott
86c 01-1026840-C Winston Drive Apartments Bettendorf Scott
86d 01-1026840-D 25th Street Apartments Moline Rock Island
86e 01-1026840-E Kennedy Drive Apartments East Moline Rock Island
86f 01-1026840-F Loganwood Apartments Moline Rock Island
89 09-0001366 Mill Plain Court Apartments Vancouver Clark
92 991091668 Suncrest Village Apartments Houston Harris
------------------------------------------------------------------------------------------------------------------------------------
95 09-0001411 Garden Court Apartments Seattle King County
99 28394 Pine Circle Townhomes Grand Rapids Kent
100 991091254 Windover of Fort Pierce Apartments Ft. Pierce St. Lucie
101 09-0001373 Muir Heights Apartments Madison Dane
112 27764 Timberlake Courts Apartments Beaumont Jefferson
------------------------------------------------------------------------------------------------------------------------------------
115 991091654 Beacon Commons Pittsburgh Allegheny
120 01-1026870 Ashley Apartment Building St. Louis St. Louis
119 01-1025159 Highland Park Apartments Portland Multnomah
123 01-1028013 Carlton Heights Apartments Dallas Dallas
126 991091646 Empire Building Philadelphia Pennsylvania
------------------------------------------------------------------------------------------------------------------------------------
127 991091669 Courtyard Park Hyattsville Prince Georges
128 991091631 Lansdale & Five Points Apartments Norfolk City of Norfolk
130 01-1027426 Colonial Apartments Seymour New Haven
133 01-1024923 Trinity Towers, Brittany and Wagner Apartments
133a 01-1024923-A Trinity Towers Apartments Hartford Hartford
133b 01-1024923-B Brittany Apartments Hartford Hartford
133c 01-1024923-C Wagner Apartments Hartford Hartford
137 991091626 Carrollton/Del-Mar Apartments Carrollton Dallas
138 991091624 Grand Manor Apartments Apple Valley Dakota
142 991091635 Ath-Dara Lansdowne Delaware
------------------------------------------------------------------------------------------------------------------------------------
145 991091644 Descanso Plaza Apartments Aurora Adams
146 01-1027009 Hudson Place Apartments Dallas Dallas
151 991091628 Wexford Apartments Pottstown Montgomery
148 26252 Hunt Club Apartments Denton Denton
150 991091619 Bluebird Apartments St. Paul Ramsey
------------------------------------------------------------------------------------------------------------------------------------
156 991091663 Wheatley Plaza Apartments Houston Harris
160 01-1027879 374 South 5th Street Apartments Brooklyn Kings
163 28992 Brentstone Apartments Pascagoula Jackson
164 991091650 Metacom Apartments Bristol Bristol
165 991091634 Oak Apartments Tampa Hillsborough
------------------------------------------------------------------------------------------------------------------------------------
167 01-1028782 367 South 5th Street Multifamily Brooklyn Kings
170 01-1028014 Fairfield Apartments Richardson Dallas
172 991091651 Willow Lane Apartments Bronx (Pelham Bay) Bronx
175 991091658 15-17 Massasoit Avenue Bristol Bristol
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUT-OFF STUDIOS
CONTROL CUT-OFF DATE DATE BALANCE AVG RENT
ID STATE ZIP CODE BALANCE ($) PER UNIT ($) UTILITIES PAID BY TENANT # UNITS PER MO. ($)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
5 NY 10003 29,978,826 329,438 Gas/Electricity/Cable 0 0
6 FL 34109 29,800,000 82,778 Electricity 0 0
7 FL 33015 28,340,494 36,902 Water/Electricity/Cable 99 577
9 NV 89118 25,472,358 58,557 Water/Gas/Electricity/Cable 0 0
11 CA 95814 19,556,631 64,757 Electricity/Cable 0 0
----------------------------------------------------------------------------------------------------------------------------------
13 FL 32822 18,378,727 30,631 Electricity 0 0
16 FL 32828 15,831,186 57,359 Electricity 0 0
19 NC 27560 15,082,077 59,613 Gas/Electricity 0 0
22 CT 06226 13,976,203 34,255 Electricity 0 0
24 TX 78249 13,150,000 37,358 Electricity 0 0
----------------------------------------------------------------------------------------------------------------------------------
25 NJ 08805 12,960,000 38,571 Gas/Electricity/Cable 0 0
27 NV 89012 12,174,928 50,729 Electricity 0 0
39 WA 98033 8,694,103 181,127 Electricity 0 0
42 FL 32904 6,805,233 26,174 Water/Electricity/Cable 0 0
43 PA 19128 6,688,696 40,785 Electricity/Cable 0 0
----------------------------------------------------------------------------------------------------------------------------------
44 TX 78741 6,593,077 29,969 Electricity/Cable 0 0
45 IL 60016 6,483,295 27,127 Electricity 0 0
48 TX 78414 6,153,139 24,811 Water/Gas/Electricity/Cable 0 0
51 IL 61761 6,085,660 36,224 Gas/Electricity/Cable 0 0
54 FL 32839 5,712,604 28,563 Water/Electricity/Cable 40 475
----------------------------------------------------------------------------------------------------------------------------------
58 MI 48045 5,470,868 27,771 Electricity 22 387
59 AZ 85281 5,393,921 29,801 Gas/Electricity/Cable 24 521
63 PA 17111 4,996,645 37,853 Gas/Electricity/Cable 0 0
65 NY 10465 4,965,878 110,353 0 0
----------------------------------------------------------------------------------------------------------------------------------
64 4,965,197 24,951
64a NY 11225 0 0
64b NY 11225 23 443
64c NY 11225 0 0
----------------------------------------------------------------------------------------------------------------------------------
66 OR 97333 4,840,999 49,398 Electricity 0 0
68 FL 32904 4,794,596 25,503 Water/Electricity 0 0
74 TX 78741 4,445,332 26,460 Electricity/Cable 0 0
79 CA 94526 4,011,196 105,558 Gas/Electricity 0 0
86 3,443,562 24,597
86a IA 52722 Gas/Electricity 0 0
86b IA 52722 Water/Gas/Electricity/Cable/Trash 0 0
86c IA 52722 Electricity 0 0
86d IL 61265 Gas/Electricity 0 0
86e IL 61244 Gas/Electricity 0 0
86f IL 61265 Electricity 0 0
89 WA 98684 3,296,462 45,784 Electricity 0 0
92 TX 77072 3,217,979 27,271 Electricity 0 0
----------------------------------------------------------------------------------------------------------------------------------
95 WA 98112 3,192,777 93,905 Water/Gas/Electricity/Sewer 0 0
99 MI 49548 2,994,976 53,482 Gas/Electricity/Cable 0 0
100 FL 34981 2,943,612 24,530 Water/Electricity/Cable 0 0
101 WI 53719 2,919,727 44,238 Electricity 0 0
112 TX 77707 2,270,127 10,319 Gas/Electricity/Cable 2 250
----------------------------------------------------------------------------------------------------------------------------------
115 PA 15217 2,195,529 104,549 Gas/Electricity 0 0
120 MO 63108 1,995,716 90,714 Electricity 0 0
119 OR 97203 1,994,979 27,708 0 0
123 TX 75243 1,955,735 18,450 0 0
126 PA 19107 1,784,821 59,494 Electricity 0 0
----------------------------------------------------------------------------------------------------------------------------------
127 MD 20781 1,743,813 18,551 0 0
128 VA 23513 1,718,602 17,902 Electricity 0 0
130 CT 06483 1,696,238 29,245 Electricity 0 0
133 1,572,308 16,209
133a CT 6106 Electricity 0 0
133b CT 6106 Electricity 0 0
133c CT 6106 Electricity 0 0
137 TX 75211 1,475,493 20,493 0 0
138 MN 55124 1,376,391 38,233 Electricity 0 0
142 PA 19050 1,330,267 24,635 Gas/Electricity 0 0
----------------------------------------------------------------------------------------------------------------------------------
145 CO 80010 1,210,266 21,612 Electricity 0 0
146 TX 75206 1,196,844 27,201 0 0
151 PA 19464 1,095,911 18,265 Electricity 5 428
148 TX 76201 1,092,670 12,417 Cable 2 350
150 MN 55117 1,078,500 34,790 Electricity 16 482
----------------------------------------------------------------------------------------------------------------------------------
156 TX 77020 995,926 9,222 Gas/Electricity 0 0
160 NY 11211 938,394 22,888 Gas/Electricity 0 0
163 MS 39567 839,427 15,545 Gas/Electricity/Cable 0 0
164 RI 02809 798,215 33,259 Electricity 0 0
165 FL 33637 786,737 23,841 Water/Electricity 0 0
----------------------------------------------------------------------------------------------------------------------------------
167 NY 11211 721,765 24,888 Gas/Electricity 0 0
170 TX 75081 638,819 26,617 0 0
172 NY 10461 589,904 25,648 Electricity 0 0
175 RI 02809 367,295 21,606 Electricity 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
1 BEDROOM 2 BEDROOM 3 BEDROOM 4 BEDROOM 5 BEDROOM NUMBER
CONTROL AVG RENT AVG RENT AVG RENT AVG RENT AVG RENT OF
ID # UNITS PER MO. ($) # UNITS PER MO. ($) # UNITS PER MO. ($) # UNITS PER MO. ($) # UNITS PER MO. ($) ELEVATORS
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5 26 0 52 0 13 0 0 0 0 0 2
6 72 799 216 999 72 1299 0 0 0 0 0
7 428 684 216 840 25 1035 0 0 0 0 6
9 182 715 192 879 61 1055 0 0 0 0 0
11 159 821 113 1112 30 1238 0 0 0 0 9
------------------------------------------------------------------------------------------------------------------------------------
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64a 54 532 17 617 6 724 0 0 0 0 1
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