<PAGE>1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
-----------
Date of Report (Date of earliest event reported)
March 1, 1999
-----------------------------------------
CRIIMI MAE FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Maryland 33-94694 52-1931369
(State of (Commission (IRS Employer
incorporation) File Number) Identification No.)
11200 Rockville Pike, Rockville, Maryland 20852
- ----------------------------------------- ---------------
(Address of principal executive offices) (Zip Code)
(301) 816-0590
- ----------------------------------------------------------------
(Registrant's telephone number, including area code)
- ----------------------------------------------------------------
(Former name or former address, if changed since last report)
Exhibit Index is on Page 4
<PAGE>2
Item 5. Other Events
------------
Attached hereto is the Report to Mortgage Certificateholders for the
payment date March 1, 1999, concerning CRIIMI MAE Financial Corporation's
7.00% Collateralized Mortgage Obligations due January 1, 2033.
Item 7. Financial Statements and Exhibits
---------------------------------
Exhibit 20.1 CRIIMI MAE Financial Corporation
7.00% Collateralized Mortgage Obligations due
January 1, 2033, Report to Mortgage
Certificateholders dated March 1, 1999.
<PAGE>3
S I G N A T U R E
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed by the
undersigned, thereunto duly authorized.
CRIIMI MAE Financial Corporation
By: /s/ Cynthia O. Azzara
-----------------------------
Cynthia O. Azzara
Its: Senior Vice President
Chief Financial Officer
<PAGE>4
Index to Exhibits
Exhibit No. Description Page
-----
20.1 CRIIMI MAE 5
Financial Corporation
7.00% Collateralized
Mortgage
Obligations due
January 1, 2033,
Report to Mortgage
Certificateholders
dated March 1, 1999
<PAGE>5
Exhibit 20.1
- ------------
State Street
Corporate Trust Department
Securities Administration
Report to Mortgage Certificateholders
Trustee Report
Contents
Principal and Interest Details 5 Delinquency 6
Detailed distribution amounts Other Information 7
Balance Information 5 Supplement
Loan Level remittance and delinquency
information
CRIIMI MAE Financial Corporation
7.00% Collateralized Mortgage Obligations
Payment Date: March 1, 1999
<TABLE><CAPTION>
Principal Distribution Detail
Scheduled Principal FHA Insurance Realized Net Principal
Principal Prepayments Proceeds Losses Distribution
-------------- ----------- ------------- -------- --------------
<S> <C> <C> <C> <C> <C>
Mortgages $11,965,110.53 $ 0.00 $ 0.00 $ 0.00 $11,965,110.53
GNMA $ 49,052.58 N/A N/A $ 0.00 $ 49,052.58
Total $12,014,163.11 $ 0.00 $ 0.00 $ 0.00 $12,014,163.11
Interest Distribution Detail
Net Int. Dist.
Interest Interest Strip Incl. Prepay
Amount Amount Penalty
------------- ------------- --------------
<S> <C> <C> <C>
Mortgages $ 506,463.05 $ 28,246.66 $ 1,074,323.13
GNMA $ 462,276.41 N/A $ 462,276.41
Total $ 968,739.46 $ 28,246.66 $ 1,536,599.54
Interest Payable on Bonds
Beginning Interest Interest Additional
Balance Rate (Fixed) Payable Interest Payable
--------------- ------------ ------------- ----------------
<C> <C> <C> <C>
$151,769.623.75 7.00% $ 885,322.81 $ 0.00
</TABLE>
<TABLE><CAPTION>
Balance Information
- -------------------
Principal Balance of Collateral
Actual Beginning Actual Principal Actual Ending
Balance Payable Balance
---------------- ---------------- ---------------
<S> <C> <C> <C>
Mortgages $ 89,347,183.22 $ 11,965,110.53 $ 77,382,072.69
GNMA $ 69,294,073.78 $ 49,052.58 $ 69,245,021.20
Total $ 158,641,257.00 $ 12,014,163.11 $146,627,093.89
Principal Balance of Bonds
Beginning Principal Ending
Balance Payable Balance
--------------- -------------- ---------------
<C> <C> <C>
$151,769,623.75 $12,014,163.11 $139,755,460.64
</TABLE>
<PAGE>6
State Street
Corporate Trust Department
Securities Administration
Report to Mortgage Certificateholders
Trustee Report
CRIIMI MAE Financial Corporation
7.00% Collateralized Mortgage Obligations
Payment Date: March 1, 1999
<TABLE>
<CAPTION>
Delinquency Information
- -----------------------
Delinquent Mortgage Loans
One Month Two Months Three Months+ Foreclosures
------------- ---------- ------------- ------------
<S> <C> <C> <C> <C>
Number 0 0 0 0
Stated Principal Balance $ 0.00 $ 0.00 $ 0.00 $ 0.00
Unpaid Principal Balance $ 0.00 $ 0.00 $ 0.00 $ 0.00
Delinquent Mortgage Loans Detail
Stated
Months Loan Principal Status of
Delinquent Number Balance Foreclosure
------------- --------- ------------- -----------
<C> <C> <C> <C>
N/A
N/A
N/A
Liquidations
Loan Nature of Final Recovery FHA Realized
Number Liquidation Determination Proceeds Loss
------ ----------- -------------- -------- --------
<C> <C> <C> <C> <C>
</TABLE>
<PAGE>7
State Street
Corporate Trust Department
Securities Administration
Report to Mortgage Certificateholders
Trustee Report
CRIIMI MAE Financial Corporation
7.00% Collateralized Mortgage Obligations
Payment Date: March 1, 1999
Other Information
- -----------------
P&I Advances
Aggregate P&I Advances $0.00
Aggregate unreimbursed P&I Advances $0.00
Interest on P&I Advances paid to Master Servicer $0.00
Interest accrued on unreimbursed P&I Advances $0.00
Realized Losses
Aggregate Realized Losses incurred $0.00
Fees
Master Trustee
Servicing Fee Fee
------------- ---------
Mortgages $ 3,722.80 $ 670.10
GNMA $ 2,887.25 $ 519.71
Total $ 6,610.05 $1,189.81
Disclaimer Notice
- -----------------
Notice: This report has been prepared by or based on information furnished to
State Street Bank and Trust Company ("State Street") by one or more third
parties (e.g., Servicer, Master Servicer, etc.). State Street shall not have and
does not undertake responsibility for the accuracy or completeness of
information provided by such third parties, and makes no representation or
warranty with respect to the accuracy or completeness thereof or the sufficiency
thereof for any particular purpose. State Street has not independently verified
information received from third parties, and shall have no liability for any
inaccuracies therein or caused thereby.
<PAGE>8
CRIIMI MAE FINANCIAL CORPORATION
7.00% Collateralized Mortgage Obligations
Due 1/1/2033
Payment Date: 01-March -99
<TABLE><CAPTION>
Scheduled Actual
Maturity Note Pass-thru Beginning Beginning
Loan No. Property Name Date Rate Net Rate Rate I/O Rate Balance Balance
- -------- ------------- ---------- ------- --------- --------- -------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
092-11026 3146 Minnehaha 12/01/21 9.500% 9.000% 8.941% 0.250% 0.00 0.00
071-35594 46th & Vincennes Apartments 04/01/31 9.750% 9.500% 9.441% 0.250% 708,208.71 708,207.30
123-35206 Alpine Ridge Apartments 04/01/33 9.750% 9.680% 9.621% 0.930% 0.00 0.00
031-35192 Aspen-Linwood Garden Apts. 10/01/27 8.375% 8.125% 8.066% 0.125% 2,779,329.65 2,779,329.48
086-15001 Austin Hewitt House - II 01/01/31 9.500% 9.250% 9.191% 0.875% 232,958.71 232,958.70
086-43027 Austin Hewitt House Expansion 01/01/31 10.750% 10.500% 10.441% 1.500% 1,064,353.04 1,064,353.06
117-43049 Bell Avenue Nursing Home 09/01/31 11.000% 10.580% 10.521% 2.455% 1,846,087.36 1,846,085.96
023-43157 Bostonian Nursing Care 03/01/34 8.900% 8.600% 8.541% 0.600% 0.00 0.00
072-43092 Centralia Fireside 10/01/32 9.125% 8.625% 8.566% 0.125% 2,860,695.29 2,860,694.44
072-43093 Centralia Friendship 11/01/32 9.000% 8.500% 8.441% 0.000% 2,787,828.46 2,787,828.83
114-11126 Country Place - Sealy, TX 05/01/29 9.000% 8.750% 8.691% 2.125% 401,418.54 401,418.61
043-11026 Crosscreek Apartments 07/01/27 9.000% 8.950% 8.891% 0.950% 0.00 0.00
052-43041 Devlin Manor 10/01/32 10.000% 9.950% 9.891% 1.200% 5,600,773.60 5,600,774.03
112-11059 Duck Creek Village Townhouse 02/01/28 8.750% 8.430% 8.371% 0.430% 0.00 0.00
016-43064 Eastgate Nursing 07/01/33 9.625% 9.250% 9.191% 1.250% 1,774,777.26 1,774,777.31
046-11023 Foxhunt Apartments 04/01/27 9.000% 8.900% 8.841% 0.400% 0.00 0.00
083-10013 Guardian Court Apts 06/01/34 8.750% 8.625% 8.566% 2.000% 2,191,012.46 2,191,012.43
073-14001 Harborside Apartments 02/01/19 10.250% 10.150% 10.091% 2.025% 2,185,018.24 2,185,016.80
121-35826 Heritage Village Apartments 07/01/27 7.250% 7.125% 7.066% 0.000% 11,922,135.95 11,922,134.84
092-11011 Highland Apartments 10/01/21 10.000% 9.900% 9.841% 1.400% 0.00 0.00
118-43026 Highland Park Manor 01/01/31 11.000% 10.375% 10.316% 1.375% 2,464,327.51 2,464,328.48
117-11018 Lake Country Manor Nursing Home 07/01/25 10.000% 9.920% 9.861% 1.795% 0.00 0.00
066-94002 Lake House I 04/01/22 9.000% 8.300% 8.241% 0.050% 0.00 0.00
073-12003 Lakeside Gardens 02/01/26 10.250% 10.150% 10.091% 2.025% 2,564,399.28 2,564,397.68
121-35804 Macara Gardens 06/01/26 7.900% 7.775% 7.716% 0.000% 12,488,112.14 12,488,110.31
053-11020 Melvid Court 01/01/23 8.000% 7.875% 7.816% 0.000% 850,267.59 850,267.60
092-35450 Park at City West 02/01/27 8.125% 7.750% 7.691% 0.000% 8,938,436.29 8,938,436.59
053-43083 Quality Link 06/01/32 10.250% 10.100% 10.041% 1.350% 1,767,962.00 1,767,961.97
062-11019 Riverchase Garden Apts 02/01/27 8.750% 8.550% 8.491% 0.550% 6,148,763.98 6,148,763.23
035-43047 Silver Court Nursing 10/01/32 10.000% 9.750% 9.691% 1.000% 0.00 0.00
117-43048 Southern Oaks Nursing Home 01/01/31 11.000% 10.375% 10.316% 1.375% 2,413,328.40 2,413,328.22
066-94019 Spring Tree I 04/01/22 9.000% 8.300% 8.241% 0.050% 1,980,822.61 1,980,822.61
066-94018 Spring Tree II 04/01/22 9.000% 8.300% 8.241% 0.050% 0.00 0.00
000-43043 Stoddard Baptist Nursing Home 03/01/27 8.000% 7.900% 7.841% 0.000% 9,172,532.56 9,172,531.76
073-94001 St. Lukes Villas 06/01/99 9.000% 8.300% 8.241% 0.000% 0.00 0.00
047-11005 Sunset Village Apartments 10/01/23 7.620% 7.370% 7.311% 0.370% 0.00 0.00
116-94002 Valencia Retirement Community 07/01/27 9.250% 9.000% 8.941% 1.000% 0.00 0.00
053-94008 Villages of Chapel Hill 06/01/21 9.000% 8.300% 8.241% 0.000% 0.00 0.00
121-35818 Woodcreek Apartments 10/01/26 7.250% 7.125% 7.066% 0.000% 4,203,641.19 4,203,641.47
-------------- --------------
FHA Subtotal 03/23/28 8.64% 8.41% 8.35% 0.49% 89,347,190.82 89,347,181.71
Note: Two payments were passed through for Bell Avenue for January 1999. CMSLP is due one (1) interest strip payment from
January 1999.
</TABLE>
<PAGE>9
CRIIMI MAE FINANCIAL CORPORATION
7.00% Collateralized Mortgage Obligations
Due 1/1/2033
Payment Date: 01-March -99
<TABLE><CAPTION>
Scheduled Actual Scheduled Actual Scheduled Actual Net Adjstmnts
P & I P & I Principal Principal Interest Interest Add'l to Actual
Loan No. Property Name (Gross) (Net) Payment Payment Payment Payment Interest Balances
- -------- ------------- ------------ ------------- ---------- ------------- ------------ ------------ -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
092-11026 3146 Minnehaha 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
071-35594 46th & Vincennes
Apartments 6,016.79 5,869.25 262.58 262.61 5,606.66 5,606.64 0.00 0.00
123-35206 Alpine Ridge
Apartments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
031-35192 Aspen-Linwood
Garden Apts. 21,333.83 20,754.80 1,936.42 1,936.43 18,818.38 18,818.37 0.00 0.00
086-15001 Austin Hewitt
House - II 1,938.08 1,889.55 93.82 93.82 1,795.73 1,795.73 0.00 0.00
086-43027 Austin Hewitt
House Expansion 9,855.73 9,633.99 320.90 320.90 9,313.09 9,313.09 0.00 0.00
117-43049 Bell Avenue
Nursing Home 17,409.23 17,216.94 486.76 486.79 16,276.34 16,730.15 0.00 0.00
023-43157 Bostonian Nursing
Care 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
072-43092 Centralia
Fireside 22,822.81 21,630.86 1,069.61 1,069.62 20,561.24 20,561.24 0.00 0.00
072-43093 Centralia
Friendship 21,974.50 20,812.90 1,065.79 1,065.78 19,747.11 19,747.12 0.00 0.00
114-11126 Country Place -
Sealy, TX 3,223.00 3,139.37 212.36 212.36 2,927.01 2,927.01 0.00 0.00
043-11026 Crosscreek
Apartments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
052-43041 Devlin Manor 48,350.87 0.00 1,677.77 0.00 46,439.74 0.00 0.00 0.00
112-11059 Duck Creek Village
Townhouses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
016-43064 Eastgate Nursing 14,776.18 0.00 540.99 0.00 13,680.57 0.00 0.00 0.00
046-11023 Foxhunt Apartments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
083-10013 Guardian Court Apts 16,739.55 16,511.32 763.42 763.42 15,747.90 15,747.90 0.00 0.00
073-14001 Harborside
Apartments 21,421.99 21,239.91 2,758.29 2,758.31 18,481.62 18,481.60 0.00 0.00
121-35826 Heritage Village
Apartments 82,550.62 11,992,922.52 10,521.04 11,922,134.84 70,787.69 70,787.68 0.00 0.00
092-11011 Highland Apts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
118-43026 Highland Park
Manor 24,079.96 23,823.26 1,490.28 1,490.28 21,306.18 22,332.98 0.00 0.00
117-11018 Lake Country Manor
Nursing Home 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
066-94002 Lake House I 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
073-12003 Lakeside Gardens 23,377.55 23,163.86 1,473.31 1,473.33 21,690.54 21,690.53 0.00 0.00
121-35804 Macara Gardens 92,944.93 91,644.12 10,731.53 10,731.57 80,912.55 80,912.55 0.00 0.00
053-11020 Melvid Court 6,649.56 6,560.99 981.11 981.11 5,579.88 5,579.88 0.00 0.00
092-35450 Park at City West 67,461.92 64,668.66 6,941.26 6,941.26 57,727.40 57,727.40 0.00 0.00
053-43083 Quality Link 15,617.01 15,396.01 515.67 515.67 14,880.34 14,880.34 0.00 0.00
062-11019 Riverchase Garden
Apts 49,076.61 0.00 4,241.87 0.00 43,809.94 0.00 0.00 0.00
<PAGE>10
CRIIMI MAE FINANCIAL CORPORATION
7.00% Collateralized Mortgage Obligations
Due 1/1/2033
Payment Date: 01-March -99
Scheduled Actual Scheduled Actual Scheduled Actual Net Adj
P & I P & I Principal Principal Interest Interest Add'l to Actual
Loan No. Property Name (Gross) (Net) Payment Payment Payment Payment Interest Balances
- -------- ------------- ------------ ------------- ---------- ------------- ------------ ------------ -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
035-43047 Silver Court
Nursing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
117-43048 Southern Oaks
Nursing Home 22,808.19 22,556.80 686.01 686.01 20,865.24 21,870.79 0.00 0.00
066-94019 Spring Tree I 16,973.45 0.00 2,117.28 0.00 13,700.69 0.00 0.00 0.00
066-94018 Spring Tree II 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
000-43043 Stoddard Baptist
Nursing Home 68,388.21 67,623.84 7,237.99 7,238.01 60,385.85 60,385.83 0.00 0.00
073-94001 St. Lukes Villas 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
047-11005 Sunset Village
Apartments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
116-94002 Valencia Retirement
Community 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
053-94008 Villages of
Chapel Hill 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
121-35818 Woodcreek Apts 29,345.41 28,907.53 3,948.41 3,948.41 24,959.12 24,959.12 0.00 0.00
------------ ------------- ---------- ------------- ------------ ------------ -------- --------
FHA Subtotal 705,135.98 12,475,966.48 62,074.47 11,965,110.53 626,000.81 510,855.95 0.00 0.00
Note: Two payments were passed through for Bell Avenue for January 1999. CMSLP is due one (1) interest strip payment from
January 1999.
</TABLE>
<PAGE>11
CRIIMI MAE FINANCIAL CORPORATION
7.00% Collateralized Mortgage Obligations
Due 1/1/2033
Payment Date: 01-March -99
<TABLE><CAPTION>
Recovery of
Interest Delinquent WL/NIS Scheduled Actual Principal Interest Realized Delinq
Loan No. Property Name Strip Interest Strip Interest Ending Bal. Ending Bal. Advanced Advanced Losses Status
- -------- ------------- ----------- -------------- ----------- -------------- ------------- --------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
092-11026 3146 Minnehaha 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
071-35594 46th & Vicennes
Apartments 147.54 0.00 5,459.10 707,946.13 707,944.69 0.00 0.00 0.00
123-35206 Alpine Ridge Apts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
031-35192 Aspen-Linwood
Garden Apts. 289.51 0.00 18,528.86 2,777,393.23 2,777,393.05 0.00 0.00 0.00
086-15001 Austin Hewitt
House - II 0.00 0.00 1,795.73 232,864.89 232,864.88 0.00 0.00 0.00
086-43027 Austin Hewitt
House Expansion 0.00 0.00 9,313.09 1,064,032.14 1,064,032.16 0.00 0.00 0.00
117-43049 Bell Avenue
Nursing Home 3,776.78 3,779.72 9,173.65 1,845,600.60 1,845,599.17 0.00 0.00 0.00
023-43157 Bostonian
Nursing Care 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
072-43092 Centralia
Fireside 297.99 0.00 20,263.25 2,859,625.68 2,859,624.82 0.00 0.00 0.00
072-43093 Centralia
Friendship 0.00 0.00 19,747.12 2,786,762.67 2,786,763.05 0.00 0.00 0.00
114-11126 Country Place -
Sealy, TX 710.85 0.00 2,216.16 401,206.18 401,206.25 0.00 0.00 0.00
043-11026 Crosscreek
Apartments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
052-43041 Devlin Manor 0.00 0.00 0.00 5,599,095.83 5,600,774.03 0.00 0.00 0.00 Under
30 days
112-11059 Duck Creek Village
Townhouses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
016-43064 Eastgate Nursing 0.00 0.00 0.00 1,774,236.27 1,774,777.31 0.00 0.00 0.00 Under
30 days
046-11023 Foxhunt Apts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
083-10013 Guardian Court
Apts 3,651.69 0.00 12,096.21 2,190,249.04 2,190,249.01 0.00 0.00 0.00
073-14001 Harborside Apts 3,687.22 0.00 14,794.38 2,182,259.95 2,182,258.49 0.00 0.00 0.00
121-35826 Heritage Village
Apartments 0.00 0.00 70,787.68 11,911,614.91 0.00 0.00 0.00 0.00
092-11011 Highland Apts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
118-43026 Highland Park
Manor 2,823.71 0.00 19,509.27 2,462,837.23 2,462,838.20 0.00 0.00 0.00
117-11018 Lake Country Manor
Nursing Home 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
066-94002 Lake House I 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
073-12003 Lakeside Gardens 4,327.42 0.00 17,363.11 2,562,925.97 2,562,924.35 0.00 0.00 0.00
121-35804 Macara Gardens 0.00 0.00 80,912.55 12,477,380.61 12,477,378.74 0.00 0.00 0.00
053-11020 Melvid Court 0.00 0.00 5,579.88 849,286.48 849,286.49 0.00 0.00 0.00
092-35450 Park at City West 0.00 0.00 57,727.40 8,931,495.03 8,931,495.33 0.00 0.00 0.00
053-43083 Quality Link 1,988.96 0.00 12,891.38 1,767,446.33 1,767,446.30 0.00 0.00 0.00
062-11019 Riverchase Garden
Apts 0.00 0.00 0.00 6,144,522.11 6,148,763.23 0.00 0.00 0.00 Under
30 days
035-43047 Silver Court Nursing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
117-43048 Southern Oaks
Nursing Home 2,765.27 0.00 19,105.52 2,412,642.39 2,412,642.21 0.00 0.00 0.00
066-94019 Spring Tree I 0.00 0.00 0.00 1,978,705.33 1,980,822.61 0.00 0.00 0.00 Under
30 days
<PAGE>12
CRIIMI MAE FINANCIAL CORPORATION
7.00% Collateralized Mortgage Obligations
Due 1/1/2033
Payment Date: 01-March -99
Recovery of
Interest Delinquent WL/NIS Scheduled Actual Principal Interest Realized Delinq
Loan No. Property Name Strip Interest Strip Interest Ending Bal. Ending Bal. Advanced Advanced Losses Status
- -------- ------------- ----------- -------------- ----------- -------------- ------------- --------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
066-94018 Spring Tree II 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
000-43043 Stoddard Baptist
Nursing Home 0.00 0.00 60,385.83 9,165,294.57 9,165,293.75 0.00 0.00 0.00
073-94001 St. Lukes Villas 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
047-11005 Sunset Village
Apartments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
116-94002 Valencia Retirement
Community 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
053-94008 Villages of
Chapel Hill 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
121-35818 Woodcreek Apartments 0.00 0.00 24,959.12 4,199,692.78 4,199,693.06 0.00 0.00 0.00
----------- -------------- ----------- -------------- ------------- --------- -------- --------
FHA Subtotal 24,466.94 3,779.72 482,609.29 89,285,116.35 77,382,071.18 0.00 0.00 0.00
Note: Two payments were passed through for Bell Avenue for January 1999. CMSLP is due one (1) interest strip payment from
January 1999.
</TABLE>
<PAGE>13
CRIIMI MAE FINANCIAL CORPORATION
7.00% Collateralized Mortgage Obligations
Due 1/1/2033
Payment Date: 01-March -99
<TABLE><CAPTION>
Prepayment Principal Paid in Full Date of Unreimbursed
Loan No. Property Name Premium Prepayments Amount Pay-off P & I
- --------- ------------- ---------- ------------ ------------ --------- ------------
<S> <C> <C> <C> <C> <C> <C>
092-11026 3146 Minnehaha 0.00 0.00 0.00 0.00
071-35594 46th & Vincennes Apartments 0.00 0.00 0.00 0.00
123-35206 Alpine Ridge Apartments 0.00 0.00 0.00 0.00
031-35192 Aspen-Linwood Garden Apts. 0.00 0.00 0.00 0.00
086-15001 Austin Hewitt House - II 0.00 0.00 0.00 0.00
086-43027 Austin Hewitt House Expansion 0.00 0.00 0.00 0.00
117-43049 Bell Avenue Nursing Home 0.00 0.00 0.00 0.00
023-43157 Bostonian Nursing Care 0.00 0.00 0.00 0.00
072-43092 Centralia Fireside 0.00 0.00 0.00 0.00
072-43093 Centralia Friendship 0.00 0.00 0.00 0.00
114-11126 Country Place - Sealy, TX 0.00 0.00 0.00 0.00
043-11026 Crosscreek Apartments 0.00 0.00 0.00 0.00
052-43041 Devlin Manor 0.00 0.00 0.00 0.00
112-11059 Duck Creek Village Townhouses 0.00 0.00 0.00 0.00
016-43064 Eastgate Nursing 0.00 0.00 0.00 0.00
046-11023 Foxhunt Apartments 0.00 0.00 0.00 0.00
083-10013 Guardian Court Apts 0.00 0.00 0.00 0.00
073-14001 Harborside Apartments 0.00 0.00 0.00 0.00
121-35826 Heritage Village Apartments 596,106.74 0.00 0.00 0.00
092-11011 Highland Apartments 0.00 0.00 0.00 0.00
118-43026 Highland Park Manor 0.00 0.00 0.00 0.00
117-11018 Lake Country Manor Nursing Home 0.00 0.00 0.00 0.00
066-94002 Lake House I 0.00 0.00 0.00 0.00
073-12003 Lakeside Gardens 0.00 0.00 0.00 0.00
121-35804 Macara Gardens 0.00 0.00 0.00 0.00
053-11020 Melvid Court 0.00 0.00 0.00 0.00
092-35450 Park at City West 0.00 0.00 0.00 0.00
053-43083 Quality Link 0.00 0.00 0.00 0.00
062-11019 Riverchase Garden Apts 0.00 0.00 0.00 0.00
035-43047 Silver Court Nursing 0.00 0.00 0.00 0.00
117-43048 Southern Oaks Nursing Home 0.00 0.00 0.00 0.00
066-94019 Spring Tree I 0.00 0.00 0.00 0.00
066-94018 Spring Tree II 0.00 0.00 0.00 0.00
000-43043 Stoddard Baptist Nursing Home 0.00 0.00 0.00 0.00
073-94001 St. Lukes Villas 0.00 0.00 0.00 0.00
047-11005 Sunset Village Apartments 0.00 0.00 0.00 0.00
116-94002 Valencia Retirement Community 0.00 0.00 0.00 0.00
053-94008 Villages of Chapel Hill 0.00 0.00 0.00 0.00
121-35818 Woodcreek Apartments 0.00 0.00 0.00 0.00
---------- ------------ ------------ ------------
FHA Subtotal 596,106.74 0.00 0.00 0.00
Note: Two payments were passed through for Bell Avenue for January 1999. CMSLP is due one (1) interest strip payment from
January 1999.
</TABLE>
<PAGE>14
CRIIMI MAE FINANCIAL CORPORATION
7.00% Collateralized Mortgage Obligations
Due 1/1/2033
Payment Date: 01-March -99
<TABLE>
<CAPTION>
Scheduled Actual
Maturity Note GNMA Pass-thru Beginning Beginning
Loan No. Property Name Date Rate Rate Rate Balance Balance
- -------- ------------- ---------- ------ ------ --------- --------------- --------------
<S> <C> <C> <C> <C> <C> <C> <C>
364007 Baptist Retirement System 06/15/18 8.250% 8.000% 7.941% 3,097,315.31 3,088,698.01
364008 Bellhaven Nursing Center 12/15/31 8.625% 8.375% 8.316% 14,112,903.13 14,112,901.77
391962 Burlington House 06/15/30 8.250% 8.000% 7.941% 4,938,100.23 4,938,100.25
385399 Capital Crossing Apts 05/15/21 7.980% 7.730% 7.671% 10,337,317.09 10,337,316.33
186741 Cedar Courts 05/15/29 8.500% 8.250% 8.191% 1,000,893.41 1,000,893.45
355545 Cherry Creek Duplexes 04/15/20 8.125% 7.875% 7.816% 3,006,680.53 3,006,680.59
306799 Courtyard Plaza 09/15/32 9.750% 9.470% 9.411% 0.00 0.00
383725 Elwood Gardens 06/15/29 8.150% 7.875% 7.816% 2,561,476.47 2,561,476.43
382271 Fox Hills Apartments 05/15/24 8.700% 8.250% 8.191% 962,901.06 962,901.07
332150 Koh Apartments 02/15/28 8.250% 8.000% 7.941% 1,017,225.97 1,017,225.03
391963 Marshall House 06/15/34 8.250% 8.000% 7.941% 1,319,184.84 1,319,184.13
318504 Plaza Apartments 11/15/30 8.000% 7.750% 7.691% 1,273,153.43 1,273,153.71
400387 Regal Ridge Apartments 04/15/35 8.250% 8.000% 7.941% 4,418,593.80 4,418,593.77
321020 Regent Apartments 11/15/27 8.250% 8.000% 7.941% 4,206,597.48 4,206,596.49
398270 River Chase II 12/15/34 8.125% 7.875% 7.816% 4,728,096.68 4,728,095.58
364019 Riverview Health 06/15/34 8.625% 8.250% 8.191% 9,243,286.23 9,243,286.23
365647 The Rebecca Apartments 03/15/34 8.500% 8.250% 8.191% 3,078,970.88 3,078,970.94
--------------- --------------
GNMA Subtotal 09/09/29 8.84% 8.52% 8.46% 69,302,696.54 69,294,073.78
Total 11/12/28 8.72% 8.46% 8.40% 158,649,887.36 158,641,255.49
</TABLE>
<PAGE>15
CRIIMI MAE FINANCIAL CORPORATION
7.00% Collateralized Mortgage Obligations
Due 1/1/2033
Payment Date: 01-March -99
<TABLE><CAPTION>
Scheduled Actual Scheduled Actual Scheduled Actual Net Adjstmnts
P & I P & I Principal Principal Interest Interest to Actual
Loan No. Property Name (Gross) (Net) Payment Payment Payment Payment Balances
- -------- ------------- ------------ ------------- ----------- ------------- ------------ -------------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
364007 Baptist Retirement System 26,719.70 26,076.20 5,484.90 5,484.88 20,591.32 20,591.32 0.00
364008 Bellhaven Nursing Center 107,805.31 104,865.14 6,368.82 6,368.85 98,496.31 98,496.29 0.00
391962 Burlington House 36,723.80 35,695.02 2,774.36 2,774.35 32,920.67 32,920.67 0.00
385399 Capital Crossing Apts 82,749.62 80,595.96 14,006.46 14,006.41 66,589.56 66,589.55 0.00
186741 Cedar Courts 7,677.73 7,469.21 588.07 588.07 6,881.14 6,881.14 0.00
355545 Cherry Creek Duplexes 24,794.25 24,167.87 4,436.52 4,436.53 19,731.34 19,731.34 0.00
306799 Courtyard Plaza 0.00 0.00 0.00 0.00 0.00 0.00 0.00
383725 Elwood Gardens 19,003.15 18,416.14 1,606.45 1,606.45 16,809.69 16,809.69 0.00
382271 Fox Hills Apartments 7,854.81 7,493.72 873.78 873.78 6,619.94 6,619.94 0.00
332150 Koh Apartments 7,697.96 7,486.04 704.53 704.54 6,781.51 6,781.50 0.00
391963 Marshall House 9,590.88 9,316.06 521.48 521.50 8,794.57 8,794.56 0.00
318504 Plaza Apartments 9,215.81 8,950.57 728.12 728.12 8,222.45 8,222.45 0.00
400387 Regal Ridge Apartments 32,002.70 31,082.16 1,624.87 1,624.87 29,457.29 29,457.29 0.00
321020 Regent Apartments 31,900.62 31,024.24 2,980.26 2,980.26 28,043.99 28,043.98 0.00
398270 River Chase II 33,873.94 32,888.94 1,860.79 1,860.81 31,028.13 31,028.13 0.00
364019 Riverview Health 69,760.58 66,872.04 3,324.46 3,324.45 63,547.59 63,547.59 0.00
365647 The Rebecca Apartments 22,978.10 22,336.64 1,168.72 1,168.71 21,167.93 21,167.93 0.00
------------ ------------- ----------- ------------- ------------ -------------- --------
GNMA Subtotal 530,348.96 514,735.95 49,052.59 49,052.58 465,683.43 465,683.37 0.00
Total 1,235,484.94 12,990,702.43 111,127.06 12,014,163.11 1,091,684.24 976,539.32 0.00
</TABLE>
<PAGE>16
CRIIMI MAE FINANCIAL CORPORATION
7.00% Collateralized Mortgage Obligations
Due 1/1/2033
Payment Date: 01-March -99
<TABLE><CAPTION>
Scheduled Actual Principal Interest Realized Negative Delinquency
Loan No. Property Name Ending Bal. Ending Bal. Advanced Advanced Losses Amort. Status
- -------- ------------- -------------- -------------- --------- -------- -------- ---------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
364007 Baptist Retirement System 3,091,830.41 3,083,213.13 0.00 0.00 0.00 0.00
364008 Bellhaven Nursing Center 14,106,534.31 14,106,532.92 0.00 0.00 0.00 0.00
391962 Burlington House 4,935,325.87 4,935,325.90 0.00 0.00 0.00 0.00
385399 Capital Crossing Apts 10,323,310.63 10,323,309.92 0.00 0.00 0.00 0.00
186741 Cedar Courts 1,000,305.34 1,000,305.38 0.00 0.00 0.00 0.00
355545 Cherry Creek Duplexes 3,002,244.01 3,002,244.06 0.00 0.00 0.00 0.00
306799 Courtyard Plaza 0.00 0.00 0.00 0.00 0.00 0.00
383725 Elwood Gardens 2,559,870.02 2,559,869.98 0.00 0.00 0.00 0.00
382271 Fox Hills Apartments 962,027.28 962,027.29 0.00 0.00 0.00 0.00
332150 Koh Apartments 1,016,521.44 1,016,520.49 0.00 0.00 0.00 0.00
391963 Marshall House 1,318,663.36 1,318,662.63 0.00 0.00 0.00 0.00
318504 Plaza Apartments 1,272,425.31 1,272,425.59 0.00 0.00 0.00 0.00
400387 Regal Ridge Apartments 4,416,968.93 4,416,968.90 0.00 0.00 0.00 0.00
321020 Regent Apartments 4,203,617.22 4,203,616.23 0.00 0.00 0.00 0.00
398270 River Chase II 4,726,235.89 4,726,234.77 0.00 0.00 0.00 0.00
364019 Riverview Health 9,239,961.77 9,239,961.78 0.00 0.00 0.00 0.00
365647 The Rebecca Apartments 3,077,802.16 3,077,802.23 0.00 0.00 0.00 0.00
-------------- -------------- --------- -------- -------- ----------
GNMA Subtotal 69,253,643.95 69,245,021.20 0.00 0.00 0.00 0.00
Total 158,538,760.30 146,627,092.38 0.00 0.00 0.00 0.00
</TABLE>
<PAGE>17
CRIIMI MAE FINANCIAL CORPORATION
7.00% Collateralized Mortgage Obligations
Due 1/1/2033
Payment Date: 01-March -99
<TABLE><CAPTION>
Paid in
Prepayment Principal Full Date of
Loan No. Property Name Premium Prepayments Amount Pay-off
- -------- ------------- ---------- ------------ ------------ -------
<S> <S> <C> <C> <C> <C>
364007 Baptist Retirement System 0.00 0.00 0.00
364008 Bellhaven Nursing Center 0.00 0.00 0.00
391962 Burlington House 0.00 0.00 0.00
385399 Capital Crossing Apts 0.00 0.00 0.00
186741 Cedar Courts 0.00 0.00 0.00
355545 Cherry Creek Duplexes 0.00 0.00 0.00
306799 Courtyard Plaza 0.00 0.00 0.00
383725 Elwood Gardens 0.00 0.00 0.00
382271 Fox Hills Apartments 0.00 0.00 0.00
332150 Koh Apartments 0.00 0.00 0.00
391963 Marshall House 0.00 0.00 0.00
318504 Plaza Apartments 0.00 0.00 0.00
400387 Regal Ridge Apartments 0.00 0.00 0.00
321020 Regent Apartments 0.00 0.00 0.00
398270 River Chase II 0.00 0.00 0.00
364019 Riverview Health 0.00 0.00 0.00
365647 The Rebecca Apartments 0.00 0.00 0.00
---------- ------------ ------------
GNMA Subtotal 0.00 0.00 0.00
Total 596,106.74 0.00 0.00
</TABLE>
