8-K 1 mdc03hq2.txt JULY 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 Date of Report : July 14, 2003 (Date of earliest event reported) Commission File No.: 333-83986-17 Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates, Series 2003-HQ2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) Pending (I.R.S. Employer Identification No.) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 21045 (Address of principal executive offices) (Zip Code) (410) 884-2000 Registrant's Full Telephone Number (Former name, former address and former fiscal year, if changed since last report) ITEM 5. Other Events On July 14, 2003 a distribution was made to holders of Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates, Series 2003-HQ2. ITEM 7. Financial Statements and Exhibits (c) Exhibits Item 601(a) of Regulation S-K Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2003-HQ2 relating to the JuLY 14, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2003-HQ2 By: Wells Fargo Bank Minnesota, N.A., as Paying Agent By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: July 14, 2003 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates Series 2003-HQ2, relating to the July 14, 2003 distribution. Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045 Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2003-HQ2 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 07/14/2003 Record Date: 06/30/2003 DISTRIBUTION DATE STATEMENT Table of Contents STATEMENT SECTIONS PAGE(s) Certificate Distribution Detail 2 Certificate Factor Detail 3 Reconciliation Detail 4 Other Required Information 5 Cash Reconciliation 6 Ratings Detail 7 Current Mortgage Loan and Property Stratification Tables 8 - 10 Mortgage Loan Detail 11 - 12 Principal Prepayment Detail 13 Historical Detail 14 Delinquency Loan Detail 15 Specially Serviced Loan Detail 16 - 17 Modified Loan Detail 18 Liquidated Loan Detail 19 Depositor Morgan Stanley Dean Witter Capital I Inc. 1585 Broadway New York, NY 10036 Contact: General Information Number Phone Number : (212) 761-4700 Master Servicer Wells Fargo Bank, National Association 45 Fremont Street, 2nd Floor San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (415) 222-2364 Special Servicer Wells Fargo Bank, National Association 45 Fremont Street, 2nd Floor San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (415) 222-2364 This report has been compiled from information provided to Wells Fargo Bank MN, N.A. by various third parties, which may include the Master Servicer, Special Servicer and others. Wells Fargo Bank MN, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank MN, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 2003, Wells Fargo Bank Minnesota, N.A.

Certificate Distribution Detail Class CUSIP Pass-Through Original Beginning Principal Rate Balance Balance Distribution A-1 61746WD31 4.180000% 248,633,000.00 ~~245~~246,~~526~~805,~~179~~309.2818 ~~604~~678,~~205~~193.9447 A-2 61746WD49 4.920000% 522,232,000.00 522,232,000.00 0.00 B 61746WD56 5.040000% 39,591,000.00 39,591,000.00 0.00 C 61746WD64 5.150000% 41,920,000.00 41,920,000.00 0.00 D 61746WD72 5.240000% 9,316,000.00 9,316,000.00 0.00 E 61746WE22 5.680000% 9,315,000.00 9,315,000.00 0.00 F 61746WE30 65.~~008136~~828600% 10,480,000.00 10,480,000.00 0.00 G 61746WE48 6.~~498136~~318600% 8,151,000.00 8,151,000.00 0.00 H 61746WE55 6.030000% 13,974,000.00 13,974,000.00 0.00 J 61746WE63 6.030000% 5,822,000.00 5,822,000.00 0.00 K 61746WE71 6.030000% 2,329,000.00 2,329,000.00 0.00 L 61746WE89 6.030000% 2,329,000.00 2,329,000.00 0.00 M 61746WE97 6.030000% 4,658,000.00 4,658,000.00 0.00 N 61746WF21 6.030000% 2,329,000.00 2,329,000.00 0.00 O 61746WF39 6.030000% 10,480,154.96 10,480,154.96 0.00 R-I N/A 0.000000% 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 R-III N/A 0.000000% 0.00 0.00 0.00 Totals 931,559,154.96 ~~928~~929,~~452~~731,~~334~~464.2414 ~~604~~678,~~205~~193.9447

Class CUSIP Interest Prepayment Realized Loss/ Total Current Distribution Penalties Additional Trust Distribution Ending Balance Subordination Fund Expenses Level(1) A-1 61746WD31 ~~855~~859,~~249~~705.5216 0.00 0.00 1,~~459~~537,~~455~~898.4663 ~~244~~246,~~921~~127,~~973~~115.3471 17.3230% A-2 61746WD49 2,141,151.20 0.00 0.00 2,141,151.20 522,232,000.00 17.3230% B 61746WD56 166,282.20 0.00 0.00 166,282.20 39,591,000.00 13.0504% C 61746WD64 179,906.67 0.00 0.00 179,906.67 41,920,000.00 8.5352% D 61746WD72 40,679.87 0.00 0.00 40,679.87 9,316,000.00 7.5352% E 61746WE22 44,091.00 0.00 0.00 44,091.00 9,315,000.00 6.5352% F 61746WE30 5250,~~471~~903.0610 0.00 0.00 5250,~~471~~903.0610 10,480,000.00 5.4039% G 61746WE48 4442,~~138~~919.5909 0.00 0.00 4442,~~138~~919.5909 8,151,000.00 4.5251% H 61746WE55 70,219.35 0.00 0.00 70,219.35 13,974,000.00 3.01% J 61746WE63 29,255.55 0.00 0.00 29,255.55 5,822,000.00 2.38% K 61746WE71 11,703.23 0.00 0.00 11,703.23 2,329,000.00 2.13% L 61746WE89 11,703.23 0.00 0.00 11,703.23 2,329,000.00 1.88% M 61746WE97 23,406.45 0.00 0.00 23,406.45 4,658,000.00 1.38% N 61746WF21 11,703.23 0.00 0.00 11,703.23 2,329,000.00 1.13% O 61746WF39 52,662.78 0.00 0.00 52,662.78 10,480,154.96 0.00% R-I N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-II N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-III N/A 0.00 0.00 0.00 0.00 0.00 0.00% Totals 3,~~734~~736,~~623~~292.9311 0.00 0.00 4,~~338~~414,~~829~~485.8758 ~~927~~929,~~848~~053,~~128~~270.3067

Original Beginning Pass-Through Notional Notional Class CUSIP Rate Amount Amount XXX-1 61746WD80 0.~~051141~~049570% 931,559,154.96 ~~928~~929,~~452~~731,~~334~~464.2414 X-2 61746WD98 1.~~754816~~578973% 904,790,000.00 904,790,000.00

Ending Interest Prepayment Total Notional Class CUSIP Distribution Penalties Distribution Amount X-1 61746WD80 3938,~~567~~405.9669 0.00 3938,~~567~~405.9669 ~~927~~929,~~848~~053,~~128~~270.3067 X-2 61746WD98 1,~~323~~190,~~116~~532.9574 0.00 1,~~323~~190,~~116~~532.9574 904,790,000.00 (1) Calculated by taking (A) the sum of the ending certificate balance of all classes less (B) the sum of (i) the ending certificate balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate to the designated class and dividing the result by (A).

Certificate Factor Detail Prepayment Realized Loss/ Ending Beginning Principal Interest Penalties Additional Trust Balance Class CUSIP Balance Distribution Distribution Fund Expenses A-1 61746WD31 ~~987~~992.~~50439113~~64904168 2.~~43011161~~72768888 3.~~43980694~~45772749 0.00000000 0.00000000 ~~985~~989.~~07427952~~92135280 A-2 61746WD49 1,000.00000000 0.00000000 4.10000000 0.00000000 0.00000000 1,000.00000000 B 61746WD56 1,000.00000000 0.00000000 4.20000000 0.00000000 0.00000000 1,000.00000000 C 61746WD64 1,000.00000000 0.00000000 4.29166675 0.00000000 0.00000000 1,000.00000000 D 61746WD72 1,000.00000000 0.00000000 4.36666702 0.00000000 0.00000000 1,000.00000000 E 61746WE22 1,000.00000000 0.00000000 4.73333333 0.00000000 0.00000000 1,000.00000000 F 61746WE30 1,000.00000000 0.00000000 54.~~00678053~~85716603 0.00000000 0.00000000 1,000.00000000 G 61746WE48 1,000.00000000 0.00000000 5.~~41511348~~26549994 0.00000000 0.00000000 1,000.00000000 H 61746WE55 1,000.00000000 0.00000000 5.02500000 0.00000000 0.00000000 1,000.00000000 J 61746WE63 1,000.00000000 0.00000000 5.02500000 0.00000000 0.00000000 1,000.00000000 K 61746WE71 1,000.00000000 0.00000000 5.02500215 0.00000000 0.00000000 1,000.00000000 L 61746WE89 1,000.00000000 0.00000000 5.02500215 0.00000000 0.00000000 1,000.00000000 M 61746WE97 1,000.00000000 0.00000000 5.02500000 0.00000000 0.00000000 1,000.00000000 N 61746WF21 1,000.00000000 0.00000000 5.02500215 0.00000000 0.00000000 1,000.00000000 O 61746WF39 1,000.00000000 0.00000000 5.02500013 0.00000000 0.00000000 1,000.00000000 R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000

Beginnning Ending Notional Interest Prepayment Notional Class CUSIP Amount Distribution Penalties Amount X-1 61746WD80 ~~996~~998.~~66492385~~03803032 0.~~04247498~~04122732 0.00000000 ~~996~~997.~~01632742~~31001056 X-2 61746WD98 1,000.00000000 1.~~46234701~~31581112 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding 1,~~381~~410,~~420~~514.4763 Servicing Advances Outstanding 010,297.0020 Reimbursement for Interest on Advances 0.00 paid from general collections

Servicing Fee Summary Current Period Accrued Servicing Fees 2827,~~441~~686.9403 Less Delinquent Servicing Fees 9,~~311~~206.8491 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 13,~~981~~592.9405 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 3332,~~112~~071.0417

Certificate Interest Reconciliation Class Accrued Net Aggregate Previously Distributable Distributable Certificate Prepayment Realized Unpaid Interest Certificate Certificate Remaining Interest Interest Losses/ (including Interest Interest Interest Unpaid Shortfall Expense Losses interest thereon) Adjustment Distribution Interest A-1 ~~855~~859,~~249~~705.5216 0.00 0.00 0.00 ~~855~~859,~~249~~705.5216 0.00 ~~855~~859,~~249~~705.5216 0.00 A-2 2,141,151.20 0.00 0.00 0.00 2,141,151.20 0.00 2,141,151.20 0.00 X-1 3938,~~567~~405.9669 0.00 0.00 0.00 3938,~~567~~405.9669 0.00 3938,~~567~~405.9669 0.00 X-2 1,~~323~~190,~~116~~532.9574 0.00 0.00 0.00 1,~~323~~190,~~116~~532.9574 0.00 1,~~323~~190,~~116~~532.9574 0.00 B 166,282.20 0.00 0.00 0.00 166,282.20 0.00 166,282.20 0.00 C 179,906.67 0.00 0.00 0.00 179,906.67 0.00 179,906.67 0.00 D 40,679.87 0.00 0.00 0.00 40,679.87 0.00 40,679.87 0.00 E 44,091.00 0.00 0.00 0.00 44,091.00 0.00 44,091.00 0.00 F 5250,~~471~~903.0610 0.00 0.00 0.00 5250,~~471~~903.0610 0.00 5250,~~471~~903.0610 0.00 G 4442,~~138~~919.5909 0.00 0.00 0.00 4442,~~138~~919.5909 0.00 4442,~~138~~919.5909 0.00 H 70,219.35 0.00 0.00 0.00 70,219.35 0.00 70,219.35 0.00 J 29,255.55 0.00 0.00 0.00 29,255.55 0.00 29,255.55 0.00 K 11,703.23 0.00 0.00 0.00 11,703.23 0.00 11,703.23 0.00 L 11,703.23 0.00 0.00 0.00 11,703.23 0.00 11,703.23 0.00 M 23,406.45 0.00 0.00 0.00 23,406.45 0.00 23,406.45 0.00 N 11,703.23 0.00 0.00 0.00 11,703.23 0.00 11,703.23 0.00 O 52,662.78 0.00 0.00 0.00 52,662.78 0.00 52,662.78 0.00 Total 54,~~097~~965,~~308~~230.8454 0.00 0.00 0.00 54,~~097~~965,~~308~~230.8454 0.00 54,~~097~~965,~~308~~230.8454 0.00

Other Required Information Available Distribution Amount (1) 5,~~701~~643,~~514~~424.7801 Principal Distribution Amount ~~604~~678,~~205~~193.9447 (a) Principal portion of Scheduled Payments ~~604~~678,~~205~~193.94476 and any Assumed Scheduled Payments (b) Principal Prepayments 0.00 (c) Principal Portion of Balloon Payments 0.00 (d) Liquidation, Condemnation, Purchase, 0.00 and Insurance Proceeds and REO Income Received on a Mortgage Loan Aggregate Number of Outstanding Mortgage Loans 55~~.00~~ Aggregate Unpaid Principal Balance of the Mortgage Loans ~~927~~929,~~945~~179,~~621~~145.2056 Aggregate Scheduled Principal Balance of the Mortgage Loans ~~927~~929,~~848~~053,~~128~~270.3067 Interest Reserve Account Deposits 0.00 Withdrawals 0.00 Total Servicing and Special Servicing Fee Paid 3332,~~112~~071.0417 Servicing Fee paid 3332,~~112~~071.0417 Special Servicing Fee paid 0.00 Trustee Fee Paid ~~668~~650.0981 Paying Agent Fee Paid 1,~~320~~286.2813 ~~Expense Losses~~ (~~Additional Trust Fund Expenses~~1) ~~0.00~~The ~~(i)~~Available ~~Special~~Distribution ~~Servicing and Liquidation Fees 0.00 (ii) Advance Interest 0.00 (iii) Indemnification Expenses 0.00 (iv) Taxes Imposed on the Trust 0.00 (v)~~ Amount ofincludes any ~~Advance~~Prepayment ~~not Recovered 0~~Premiums.~~00 upon a Final Recovery Determination~~

Expense Losses (Additional Trust Fund Expenses) 0.00 (i) Special Servicing and Liquidation Fees 0.00 (ii) Advance Interest 0.00 (iii) Indemnification Expenses 0.00 (iv) Taxes Imposed on the Trust 0.00 (v) Amount of any Advance not Recovered 0.00 upon a Final Recovery Determination

Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 54,~~127~~994,~~739~~853.1249 Interest reductions due to Nonrecoverability Determinations 0.00 Interest Adjustments 0.00 Deferred Interest 0.00 Net Prepayment Interest Shortfall 0.00 Net Prepayment Interest Excess 0.00 Extension Interest 0.00 Interest Reserve Withdrawal 0.00 Total Interest Collected 54,~~127~~994,~~739~~853.1249 Principal: Scheduled Principal ~~604~~678,~~205~~193.9447 Unscheduled Principal 0.00 Principal Prepayments 0.00 Collection of Principal after Maturity Date 0.00 Recoveries from Liquidation and Insurance Proceeds 0.00 Excess of Prior Principal Amounts paid 0.00 Curtailments 0.00 Negative Amortization 0.00 Principal Adjustments 0.00 Total Principal Collected ~~604~~678,~~205~~193.9447 Other: Prepayment Penalties/Yield Maintenance 0.00 Repayment Fees 0.00 Borrower Option Extension Fees 0.00 Equity Payments Received 0.00 Net Swap Counterparty Payments Received 0.00 Total Other Collected: 0.00 Total Funds Collected 5,~~731~~673,~~945~~046.0696 Total Funds Distributed Fees: Master Servicing Fee 2827,~~441~~686.9403 Trustee Fee ~~668~~650.0981 Certificate Administration Fee 1,~~320~~286.2813 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 3029,~~430~~622.3297 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 0.00 ASER Amount 0.00 Special Servicing Fee 0.00 Rating Agency Expenses 0.00 Attorney Fees & Expenses 0.00 Bankruptcy Expense 0.00 Taxes Imposed on Trust Fund 0.00 Non-Recoverable Advances 0.00 Other Expenses 0.00 Total Additional Trust Fund Expenses 0.00 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 54,~~097~~965,~~308~~230.8454 Principal Distribution ~~604~~678,~~205~~193.9447 Prepayment Penalties/Yield Maintenance 0.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 0.00 Total Payments to Certificateholders & Others 5,~~701~~643,~~514~~424.7801 Total Funds Distributed 5,~~731~~673,~~945~~046.1098

Ratings Detail Original Ratings Current Ratings(1) Class Cusip Fitch Moody's S&P Fitch Moody's S&P A-1 61746WD31 AAA Aaa AAA AAA Aaa AAA A-2 61746WD49 AAA Aaa AAA AAA Aaa AAA X-1 61746WD80 AAA Aaa AAA AAA Aaa AAA X-2 61746WD98 AAA Aaa AAA AAA Aaa AAA B 61746WD56 AA Aa2 AA AA Aa2 AA C 61746WD64 A A2 A A A2 A D 61746WD72 A- A3 A- A- A3 A- E 61746WE22 BBB+ Baa1 BBB+ BBB+ Baa1 BBB+ F 61746WE30 BBB Baa2 BBB BBB Baa2 BBB G 61746WE48 BBB- Baa3 BBB- BBB- Baa3 BBB- H 61746WE55 BB+ Ba1 BB+ BB+ Ba1 BB+ J 61746WE63 NR Ba2 BB NR Ba2 BB K 61746WE71 NR Ba3 NR NR Ba3 ~~BB-~~NR L 61746WE89 NR B1 B+ NR B1 B+ M 61746WE97 NR B2 B NR B2 B N 61746WF21 NR B3 B- NR B3 B- O 61746WF39 NR NR NR NR NR NR

NR - Designates that the class was not rated by the above agency at the time of original issuance. X - Designates that the above rating agency did not rate any classes in this transaction at the time of original issuance. N/A - Data not available this period. 1) For any class not rated at the time of original issuance by any particular rating agency, no request has been made subsequent to issuance to obtain rating information, if any, from such rating agency. The current ratings were obtained directly from the applicable rating agency within 30 days of the payment date listed above. The ratings may have changed since they were obtained. Because the ratings may have changed, you may want to obtain current ratings directly from the rating agencies. Fitch, Inc. One State Street Plaza New York, New York 10004 (212) 908-0500 Moody's Investors Service 99 Church Street New York, New York 10007 (212) 553-0300 Standard & Poor's Rating Services 55 Water Street New York, New York 10041 (212) 438-2430

Current Mortgage Loan and Property Stratification Tables Scheduled Balance % Of Scheduled # of Scheduled Agg. WAM Weighted Balance Loans Balance Bal. (2) WAC Avg DSCR(1) Below 2,500,000 3 6,~~347~~358,~~026~~424.0137 0.68 ~~111~~113 6.1529 1.~~580519~~580471 2,500,001 to 3,000,000 4 11,~~424~~444,~~557~~233.2006 1.23 ~~113~~115 6.0113 1.~~477882~~477884 3,000,001 to 4,000,000 6 20,~~692~~731,~~827~~737.1106 2.23 ~~113~~115 6.~~0067~~0068 1.~~422619~~422623 4,000,001 to 5,000,000 2 9,~~195~~210,~~250~~132.1065 0.99 ~~109~~111 6.3439 1.~~535166~~535165 5,000,001 to 7,500,000 13 82,~~773~~919,~~233~~123.8355 8.9293 ~~114~~116 6.~~0770~~0769 1.465792 7,500,001 to 10,000,000 6 53,~~270~~367,~~447~~727.3628 5.74 ~~100~~102 6.~~4135~~4133 1.~~426919~~426903 10,000,001 to 15,000,000 2 23,~~843~~885,~~485~~764.0607 2.57 ~~111~~113 5.9412 1.~~379095~~379094 15,000,001 to 20,000,000 7 122,~~354~~511,~~679~~693.6519 13.19 99101 6.1538 1.~~670974~~670665 20,000,001 to 30,000,000 5 122,~~427~~591,~~607~~717.1333 13.1920 ~~110~~112 6.~~3555~~3553 1.~~712376~~712295 30,000,001 to 40,000,000 1 35,000,000.00 3.77 ~~112~~114 6.8527 1.930000 40,000,001 to 50,000,000 3 134,~~525~~834,~~291~~297.2426 14.5051 8082 7.~~4038~~4047 1.~~353118~~325001 50,000,001 to 75,000,000 0 0.00 0.00 0 0.0000 0.000000 75,000,001 to 100,000,000 2 ~~175~~176,~~993~~198,~~723~~420.6185 18.97 ~~111~~113 5.~~9512~~9503 1.~~784314~~784437 100,000,001 and greater 1 130,000,000.00 1413.0199 ~~112~~114 6.8527 1.930000 Totals 55 ~~927~~929,~~848~~053,~~128~~270.3067 100.00 ~~105~~107 6.4469 1.~~648216~~643973

State(3) # of Scheduled % of Weighted State Props. Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Arizona 5 40,~~243~~314,~~842~~076.8902 4.34 ~~113~~115 5.9364 1.~~496331~~496335 California 8 58,~~751~~860,~~825~~497.3644 6.3334 ~~113~~115 5.8539 1.503434 Colorado 4 10,~~947~~962,~~446~~601.8548 1.18 ~~105~~107 7.~~1646~~1645 1.~~329404~~329390 Florida 5 35,~~759~~811,~~435~~442.1166 3.85 ~~108~~110 6.~~7632~~7631 1.~~397525~~397535 Georgia 1 ~~595~~596,~~514~~527.2706 0.06 ~~112~~114 6.0800 1.650000 Idaho 1 2,~~531~~534,~~696~~874.3639 0.27 ~~104~~106 7.3500 1.350000 Illinois 3 99,~~737~~970,~~499~~666.3367 10.7576 ~~109~~111 5.~~2904~~2903 1.~~818925~~818970 Indiana 1 57,~~288~~428,~~042~~617.3982 6.1718 1618 6.8100 1.270000 Kansas 2 2,~~518~~521,~~560~~722.5509 0.27 ~~104~~106 7.3500 1.350000 Maryland 1 9,~~137~~151,~~572~~463.2337 0.9899 4345 7.9500 1.310000 Massachusetts 9 31,~~915~~954,~~838~~135.4146 3.44 ~~110~~112 7.~~4823~~4822 1.~~416553~~416573 Missouri 1 3,~~272~~277,~~057~~772.7449 0.35 ~~111~~113 6.0000 1.360000 New Jersey 4 12,~~950~~972,~~346~~337.8010 1.40 ~~112~~114 6.0984 1.~~493524~~493511 New York 5 268,~~167~~244,~~683~~047.9161 28.9087 ~~111~~113 6.~~5847~~5845 1.~~899062~~898925 North Carolina 2 11,~~910~~930,~~285~~541.4617 1.28 ~~112~~114 6.0800 1.650000 Oklahoma 1 5,~~257~~263,~~281~~880.4893 0.57 ~~104~~106 7.3500 1.350000 Oregon 4 18,~~513~~546,~~085~~061.0131 2.00 ~~113~~115 5.8703 1.~~785802~~785813 Pennsylvania 7 28,~~541~~594,~~208~~885.3151 3.08 ~~112~~114 6.0923 1.~~715729~~715717 Texas 10 146,~~331~~431,~~037~~525.2621 15.7776 ~~112~~114 6.~~4641~~4638 1.~~617915~~617820 Utah 1 17,~~260~~288,~~803~~980.3868 1.86 ~~111~~113 6.2600 1.390000 Washington 2 18,~~261~~291,~~553~~324.4966 1.97 ~~112~~114 6.2552 1.~~421045~~421042 Washington,DC 2 45,~~780~~849,~~644~~083.7329 4.9394 ~~114~~116 6.5000 1.350000 Wyoming 2 2,~~405~~408,~~740~~759.0799 0.26 ~~104~~106 7.3500 1.350000 Totals 81 ~~927~~929,~~848~~053,~~128~~270.3067 100.00 ~~105~~107 6.4469 1.~~648216~~643973

Debt Service Coverage Ratio(1) Debt Service # of Scheduled % of Weighted Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 1.20 or less 0 0.00 0.00 0 0.0000 0.000000 1.21 to 1.30 45 3880,~~724~~946,~~360~~194.2399 48.1771 7546 67.~~2666~~4031 1.~~282356~~275923 1.31 to 1.40 1615 ~~259~~218,~~808~~180,~~988~~805.6791 2823.0048 92109 6.~~9972~~7174 1.~~362592~~363092 1.41 to 1.50 13 101,~~396~~575,~~312~~965.0255 10.93 ~~113~~115 5.~~9677~~9676 1.445735 1.51 to 1.60 8 38,~~484~~552,~~256~~318.2021 4.15 ~~112~~114 6.~~2632~~2630 1.~~544206~~544203 1.61 to 1.70 5 145,~~509~~602,~~157~~094.8198 15.6867 ~~113~~115 6.~~4130~~4126 1.~~672306~~672286 1.71 to 1.80 2 9,~~823~~840,~~722~~565.7236 1.06 ~~112~~114 6.0650 1.797784 1.81 to 1.90 1 8283,~~993~~198,~~723~~420.6185 8.9496 ~~109~~111 5.1200 1.890000 1.91 to 2.00 2 165,000,000.00 17.7876 ~~112~~114 6.8527 1.930000 2.01 and greater 4 86,~~107~~156,~~607~~904.0482 9.2827 ~~110~~112 6.~~1166~~1164 2.~~128697~~128646 Totals 55 ~~927~~929,~~848~~053,~~128~~270.3067 100.00 ~~105~~107 6.4469 1.~~648216~~643973

Property Type (3) Property # of Scheduled % of Weighted Type Props Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Industrial 14 8990,~~927~~080,~~073~~759.3150 9.6970 ~~112~~114 6.~~0741~~0740 1.~~752856~~752870 Mixed Use 3 51,~~250~~328,~~870~~731.6498 5.52 ~~114~~116 6.4434 1.~~358539~~358540 Mobile Home Park 13 46,~~792~~851,~~948~~687.0002 5.04 ~~104~~106 7.3500 1.350000 Multi-Family 3 15,~~390~~425,~~209~~992.7302 1.66 ~~112~~114 5.~~9350~~9349 1.~~318453~~318437 Office 16 291,~~090~~208,~~909~~135.3270 31.3734 ~~109~~111 6.~~6032~~6031 1.~~876443~~876289 Retail 30 ~~430~~431,~~794~~470,~~246~~602.6617 46.4344 98100 6.~~1818~~1815 1.~~542537~~542511 Self Storage 2 2,~~832~~839,~~743~~916.7302 0.31 ~~114~~116 6.2100 1.540000 Totals 81 ~~927~~929,~~848~~053,~~128~~270.3067 100.00 ~~105~~107 6.4469 1.~~648216~~643973

Note Rate Note # of Scheduled % of Weighted Rate Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) less than 5.500% 2 99100,~~907~~144,~~647~~948.2449 10.7778 ~~110~~112 5.1843 1.~~815510~~815543 5.501% to 6.000% 25 ~~200~~201,~~872~~238,~~268~~912.8143 21.6566 ~~113~~115 5.8806 1.~~552688~~552681 6.001% to 6.500% 17 215,~~646~~909,~~856~~132.1261 23.24 ~~111~~113 6.2627 1.~~624426~~624183 6.501% to 7.000% 6 280,~~032~~079,~~512~~766.4374 30.1815 ~~107~~109 6.7948 1.~~806990~~806912 7.001% to 7.500% 2 53,~~456~~522,~~061~~471.3238 5.76 ~~105~~107 7.3625 1.~~377422~~377420 7.501% to 8.000% 2 3536,~~981~~024,~~083~~512.8707 3.88 8991 7.8157 1.~~362223~~362218 8.001% or greater 1 4142,~~951~~133,~~698~~526.5195 4.5254 1618 8.4500 1.~~360000~~270000 Totals 55 ~~927~~929,~~848~~053,~~128~~270.3067 100.00 ~~105~~107 6.4469 1.~~648216~~643973

Seasoning # of Scheduled % of Weighted Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 12 months or less 4850 ~~781~~788,~~089~~901,~~885~~007.4950 84.1891 ~~112~~114 6.~~2125~~2168 1.~~702312~~701449 13 to 24 months 53 8982,~~701~~876,~~073~~199.5109 98.6792 98100 7.~~4905~~5524 1.~~375643~~355311 25 to 36 months 0 0.00 0.00 0 0.0000 0.000000 37 to 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months and greater 2 57,~~057~~276,~~169~~064.3008 6.15 16 18 8.~~0158~~0164 1.~~336173~~270000 Totals 55 ~~927~~929,~~848~~053,~~128~~270.3067 100.00 ~~105~~107 6.4469 1.~~648216~~643973

Anticipated Remaining Term (ARD and Balloon Loans) Anticipated # of Scheduled % of Weighted Remaining Term(2) Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 60 months or less 3 66,~~194~~427,~~741~~527.5345 7.1315 2022 8.~~0067~~0073 1.~~332560~~275511 61 to 120 months 51 ~~856~~857,~~581~~544,~~060~~656.0046 92.3230 ~~111~~113 6.~~3293~~3289 1.~~672835~~672716 121 months and greater 1 5,~~072~~081,~~326~~086.7776 0.55 ~~138~~140 5.9600 1.610000 Totals 55 ~~927~~929,~~848~~053,~~128~~270.3067 100.00 ~~105~~107 6.4469 1.~~648216~~643973

Remaining Amortization Term (ARD and Balloon Loans) Remaining # of Scheduled % of Weighted Amortization Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 120 months or less 0 0.00 0.00 0 0.0000 0.000000 121 to 180 months 0 0.00 0.00 0 0.0000 0.000000 181 to 240 months 2 57,~~057~~276,~~169~~064.3008 6.15 16 18 8.~~0158~~0164 1.~~336173~~270000 241 to 300 months 6 276,~~252~~300,~~617~~578.5763 29.7774 ~~112~~114 6.~~7477~~7476 1.~~814042~~813969 301 months and greater 47 ~~594~~595,~~538~~476,~~341~~627.4396 64.0809 ~~110~~112 6.~~1566~~1564 1.~~601111~~601065 Totals 55 ~~927~~929,~~848~~053,~~128~~270.3067 100.00 ~~105~~107 6.4469 1.~~648216~~643973

Age of Most Recent NOI Age of Most # of Scheduled % of Weighted Recent NOI Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Underwriter's Information 5255 ~~792~~929,~~969~~053,~~471~~270.4067 85100.4600 ~~109~~107 6.~~4848~~4469 1.~~641518~~643973 1 year or less 30 ~~134,878,656~~0.9000 140.5400 800 60.~~2242~~0000 10.~~687593~~000000 1 to 2 years 0 0.00 0.00 0 0.0000 0.000000 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 55 ~~927~~929,~~848~~053,~~128~~270.3067 100.00 ~~105~~107 6.4469 1.~~648216~~643973 (1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrower on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is used. The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. (2)Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date balance of each property as disclosed in the offering document. Note: (i) An ARD Loan constitutes a "Hyper-Amortization Loan" as defined in the offering document.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type(1) City State Payment Payment Coupon 700201020 1 OF New York NY ~~767~~742,~~121~~375.6983 0.00 6.853% 700201024 1A ~~206~~199,~~532~~870.7642 0.00 6.853% 700201082 2 RT Katy TX ~~535~~518,~~997~~707.7550 0.00 6.693% 700201038 3 RT Oak Brook IL ~~354~~355,~~544~~413.1784 ~~102~~101,~~566~~696.5083 5.120% 700200911 4 OF New York NY ~~108~~105,~~984~~468.3875 0.00 6.250% 700200926 4A ~~103~~100,~~602~~260.4342 0.00 6.250% 700200927 4B ~~103~~100,~~602~~260.4342 0.00 6.250% 700200630 5 RT Lafayette IN 8586,~~829~~038.0218 18,~~585~~376.6145 6.810% 700201083 5A ~~296~~297,~~052~~323.3173 9189,~~233~~961.1977 8.450% 600872125 6 18 MH Various Various ~~296~~287,~~346~~203.8404 2938,~~462~~605.1696 7.350% 700201045 19 20 MU Washington DC ~~256~~248,~~436~~577.5164 3442,~~314~~173.7865 6.500% 700201002 21 23 IN Various Various ~~137~~133,~~466~~292.8421 2428,~~710~~885.6124 5.830% 700201005 24 25 IN Various Various ~~136~~132,~~353~~213.2482 2428,~~654~~794.9335 5.830% 700201084 26 33 RT Various MA ~~179~~174,~~704~~135.6100 1420,~~817~~387.7738 7.770% 700201059 34 RT Scottsdale AZ 8583,~~972~~355.6353 1417,~~428~~045.0616 5.970% 700201060 35 OF Scottsdale AZ 3635,~~845~~723.4180 67,~~183~~305.4607 5.970% 700200992 36 RT Brewster NY ~~107~~104,~~949~~664.7671 1821,~~090~~375.9095 6.010% 700201003 37 41 IN Various Various 9390,~~615~~763.1973 1518,~~231~~082.4591 6.080% 700200944 42 RT Riverdale UT 9390,~~121~~279.4737 1416,~~126~~968.5262 6.260% 700201070 43 RT Brooklyn NY 8077,~~183~~757.6160 1618,~~340~~766.5253 5.500% 700200996 44 RT Yorba Linda CA 6462,~~725~~758.1159 1113,~~410~~377.7224 5.890% 700200935 45 RT Vernon Hills IL 5755,~~366~~622.9469 911,~~782~~526.7297 6.000% 600872126 46 RT Aberdeen WA 5150,~~793~~216.5910 810,~~483~~060.3079 6.050% 700200946 47 MF Dallas TX 4645,~~550~~178.5222 1213,~~475~~847.6393 5.910% 700200782 48 OF Columbia MD 60,~~582~~674.5801 6,~~968~~877.5007 7.950% 600872127 49 RT Miami FL 4846,~~180~~710.0571 79,~~564~~033.3367 6.150% 600872128 50 OF Seattle WA 4645,~~651~~223.5195 67,~~442~~869.2076 6.500% 600872129 51 OF Encino CA 3837,~~686~~510.2780 68,~~837~~013.5401 5.870% 700201076 52 RT Sonora CA 3837,~~348~~181.8424 67,~~424~~592.7636 5.960% 700200970 53 OF Agoura Hills CA 3534,~~544~~469.4899 78,~~275~~349.2776 5.550% 700201011 54 RT Irving TX 3635,~~140~~043.4489 67,~~646~~742.0661 5.790% 700200947 55 RT Chino CA 3635,~~889~~768.8723 67,~~383~~505.6832 5.920% 700200964 56 IN New York NY 4241,~~770~~446.4156 35,~~847~~171.7863 7.450% 700200965 57 RT Cheltenham ~~Townsh~~Township PA 3130,~~224~~274.5389 56,~~308~~258.8448 5.990% 600872130 58 RT Scottsdale AZ 2928,~~539~~642.0221 56,~~305~~201.1798 5.860% 700201000 59 RT Austin TX 3029,~~580~~649.9649 45,~~975~~907.6108 6.080% 700201062 60 63 Various Various PA 3029,~~281~~383.5245 78,~~178~~076.8289 6.210% 700200923 64 OF Arlington Heights IL 3130,~~164~~211.0661 45,~~489~~442.7823 6.400% 700201061 65 MU Scottsdale AZ 2827,~~145~~289.8001 45,~~723~~580.4726 5.970% 700201071 66 OF Newton MA 2625,~~054~~261.8481 45,~~391~~184.2124 5.960% 700200864 67 IN Allentown/~~Upper~~ Ma PA 2726,~~629~~782.5736 34,~~503~~350.1435 6.750% 700200948 68 RT Lake Worth TX 2221,~~642~~954.9177 34,~~958~~646.2842 5.910% 700201066 69 IN Northvale NJ 2019,~~262~~646.6734 34,~~488~~104.3972 5.910% 700200986 70 OF Franklin Township NJ 1918,~~244~~658.4084 3,~~238~~824.7430 6.000% 600872131 71 RT San Diego CA 18,~~808~~250.1229 4,~~388~~946.6043 6.300% 700200955 72 MF Columbia MO 16,~~920~~405.4376 23,~~864~~379.7441 6.000% 700201078 73 RT Port St. Lucie FL 1615,~~003~~517.5413 23,~~833~~320.7415 5.830% 700200962 74 OF Edison Township NJ 15,~~894~~411.9547 23,~~691~~174.1260 6.000% 700201056 75 MF Fairview OR 1514,~~274~~809.6384 23,~~596~~061.3312 5.940% 700201077 76 OF Simi Valley CA 1413,~~265~~833.7395 23,~~862~~293.1795 5.550% 700200990 77 RT Portland OR 1514,~~307~~840.6080 2,~~397~~864.5838 6.170% 700200952 78 OF Jacksonville FL 1413,~~341~~902.2349 2,~~007~~445.1488 6.450% 700201075 79 RT Salem OR 11,~~755~~399.9589 2,~~308~~665.9905 5.600% 700200865 80 IN Branchburg NJ 12,~~663~~275.5525 1,~~605~~993.6191 6.750% 700201001 81 OF Denver CO 98,~~239~~961.4532 12,~~799~~077.5265 6.180% Totals 54,~~127~~994,~~739~~853.1249 ~~604~~678,~~205~~193.9447

Loan Anticipated Neg Beginning Ending Paid Number Repayment Maturity Amort Scheduled Scheduled Thru Date Date (Y/N) Balance Balance Date 700201020 N/A 01/07/2013 N 130,000,000.00 130,000,000.00 0907/07/2003 700201024 N/A 01/07/2013 N 35,000,000.00 35,000,000.00 0907/07/2003 700201082 N/A 01/09/2013 N 93,000,000.00 93,000,000.00 0806/09/2003 700201038 N/A 10/01/2012 N 83,~~096~~300,~~290~~117.1168 8283,~~993~~198,~~723~~420.6185 0907/01/2003 700200911 N/A 09/01/2012 N 20,250,000.00 20,250,000.00 0907/01/2003 700200926 N/A 09/01/2012 N 19,250,000.00 19,250,000.00 0907/01/2003 700200927 N/A 09/01/2012 N 19,250,000.00 19,250,000.00 0907/01/2003 700200630 N/A 01/01/2005 N 15,~~124~~160,~~056~~913.4058 15,~~105~~142,~~470~~537.7913 0907/01/2003 700201083 N/A 01/01/2005 N 42,~~042~~223,~~931~~488.7072 4142,~~951~~133,~~698~~526.5195 0907/01/2003 600872125 N/A 05/01/2012 N 46,~~822~~890,~~410~~292.1698 46,~~792~~851,~~948~~687.0002 0806/01/2003 700201045 N/A 03/01/2013 N 45,~~814~~891,~~959~~256.5194 45,~~780~~849,~~644~~083.7329 0806/01/2003 700201002 N/A 02/01/2013 N 27,~~382~~435,~~317~~790.6506 27,~~357~~406,~~607~~904.0482 0907/01/2003 700201005 N/A 01/01/2013 N 27,~~160~~213,~~496~~822.4255 27,~~135~~185,~~841~~028.4920 0907/01/2003 700201084 N/A 06/01/2012 N 26,~~858~~893,~~329~~436.4108 26,~~843~~873,~~511~~048.6470 0907/01/2003 700201059 N/A 03/01/2013 N 16,~~723~~754,~~481~~881.7113 16,~~709~~737,~~053~~835.6597 0907/01/2003 700201060 N/A 03/01/2013 N 7,~~167~~180,~~206~~663.4434 7,~~161~~173,~~022~~358.9827 0907/01/2003 700200992 N/A 01/01/2013 N 20,~~858~~898,~~737~~111.8656 20,~~840~~876,~~646~~735.9661 0907/01/2003 700201003 N/A 01/01/2013 N 17,~~880~~913,~~659~~894.6568 17,~~865~~895,~~428~~811.2077 0907/01/2003 700200944 N/A 12/01/2012 N 17,~~274~~305,~~929~~949.9030 17,~~260~~288,~~803~~980.3868 0907/01/2003 700201070 N/A 04/01/2013 N 16,~~930~~965,~~264~~294.1517 16,~~913~~946,~~923~~527.6364 0907/01/2003 700200996 N/A 01/01/2013 N 12,~~761~~786,~~399~~129.3371 12,~~749~~772,~~988~~752.6147 0907/01/2003 700200935 N/A 11/01/2012 N 11,~~103~~124,~~279~~538.1757 11,~~093~~113,~~496~~011.4560 0907/01/2003 600872126 N/A 02/01/2013 N 9,~~941~~960,~~718~~218.0820 9,~~933~~950,~~234~~157.7841 0806/01/2003 700200946 N/A 01/01/2013 N 9,~~146~~173,~~982~~242.0140 9,~~134~~159,~~506~~394.3847 0907/01/2003 700200782 N/A 04/01/2007 N 9,~~144~~158,~~540~~340.7344 9,~~137~~151,~~572~~463.2337 0907/01/2003 600872127 N/A 02/01/2013 N 9,~~097~~114,~~727~~285.0824 9,~~090~~105,~~162~~251.7557 0806/01/2003 600872128 N/A 11/01/2012 N 8,~~334~~349,~~760~~037.9101 8,~~328~~341,~~318~~167.7125 0806/01/2003 600872129 N/A 02/01/2013 N 7,~~653~~668,~~490~~306.0522 7,~~646~~660,~~652~~293.5121 0806/01/2003 700201076 N/A 04/01/2013 N 7,~~472~~486,~~171~~155.5485 7,~~465~~478,~~746~~563.7849 0907/01/2003 700200970 N/A 12/01/2012 N 7,~~437~~452,~~381~~971.2567 7,~~430~~444,~~105~~621.9891 0907/01/2003 700201011 N/A 01/01/2013 N 7,~~248~~262,~~626~~981.2191 7,~~241~~255,~~980~~239.1530 0907/01/2003 700200947 N/A 02/01/2013 N 7,~~236~~250,~~460~~316.0669 7,~~230~~242,~~076~~811.3837 0907/01/2003 700200964 N/A 01/01/2013 N 6,~~666~~675,~~961~~955.1099 6,~~663~~670,~~113~~784.3236 0906/01/2003 700200965 N/A 12/01/2012 N 6,~~053~~065,~~546~~086.2129 6,~~048~~058,~~237~~827.3781 0907/01/2003 600872130 N/A 12/01/2012 N 5,~~853~~865,~~818~~299.7930 5,~~848~~859,~~513~~097.6232 0907/01/2003 700201000 N/A 01/01/2013 N 5,~~841~~851,~~015~~872.4926 5,~~836~~845,~~039~~965.8818 0907/01/2003 700201062 N/A 03/01/2013 N 5,~~662~~677,~~744~~961.2476 5,~~655~~669,~~565~~884.4287 0907/01/2003 700200923 N/A 11/01/2012 N 5,~~654~~664,~~769~~676.0545 5,~~650~~659,~~279~~234.2722 0907/01/2003 700201061 N/A 03/01/2013 N 5,~~474~~485,~~949~~228.3895 5,~~470~~479,~~225~~648.9169 0907/01/2003 700201071 N/A 03/01/2015 N 5,~~076~~086,~~717~~271.9800 5,~~072~~081,~~326~~086.7776 0907/01/2003 700200864 N/A 08/01/2012 N 4,~~753~~761,~~474~~307.5781 4,~~749~~756,~~971~~957.4346 0907/01/2003 700200948 N/A 01/01/2013 N 4,~~449~~457,~~236~~821.9561 4,~~445~~453,~~278~~175.6719 0907/01/2003 700201066 N/A 03/01/2013 N 3,~~981~~989,~~530~~105.0146 3,~~978~~985,~~041~~000.6274 0907/01/2003 700200986 N/A 01/01/2013 N 3,~~724~~731,~~722~~768.5291 3,~~721~~727,~~483~~944.7861 0907/01/2003 600872131 N/A 01/01/2013 N 3,~~466~~476,~~934~~245.3772 3,~~462~~471,~~545~~299.7729 0806/01/2003 700200955 N/A 12/01/2012 N 3,~~274~~281,~~922~~151.4890 3,~~272~~277,~~057~~772.7449 0907/01/2003 700201078 N/A 04/01/2013 N 3,~~187~~193,~~780~~920.7548 3,~~184~~190,~~947~~600.0133 0907/01/2003 700200962 N/A 12/01/2012 N 3,~~076~~082,~~442~~294.3120 3,~~073~~079,~~751~~119.1960 0907/01/2003 700201056 N/A 03/01/2013 N 2,~~986~~991,~~241~~886.9418 2,~~983~~988,~~645~~825.6106 0907/01/2003 700201077 N/A 03/01/2013 N 2,~~984~~991,~~981~~124.9445 2,~~982~~987,~~119~~830.7750 0907/01/2003 700200990 N/A 01/01/2013 N 2,~~881~~886,~~129~~378.4170 2,~~878~~883,~~731~~514.8332 0907/01/2003 700200952 N/A 12/01/2012 N 2,~~582~~586,~~067~~509.1306 2,~~580~~584,~~059~~063.9918 0907/01/2003 700201075 N/A 03/01/2013 N 2,~~437~~442,~~870~~833.3430 2,~~435~~440,~~561~~168.3525 0907/01/2003 700200865 N/A 08/01/2012 N 2,~~178~~182,~~675~~266.8206 2,~~177~~180,~~070~~272.2115 0907/01/2003 700201001 N/A 01/01/2013 N 1,~~736~~740,~~193~~061.9762 1,~~734~~737,~~394~~983.4597 0907/01/2003 Totals ~~928~~929,~~452~~731,~~334~~464.2414 ~~927~~929,~~848~~053,~~128~~270.3067 Appraisal Appraisal Res Mod Reduction Reduction Strat. Code Date Amount (2) (3) Totals 0.00 (1) Property Type Code MF- Multi-Family RT- Retail HC- Health Care IN- Industrial WH- Warehouse MH- Mobile Home Park OF- Office MU- Mixed Use LO- Lodging SS- Self Storage OT- Other (2) Resolution Strategy Code 1- Modification 2- Foreclosure 3- Bankruptcy 4- Extension 5- Note Sale 6- DPO 7- REO 8- Resolved 9- Pending Return to Master Servicer 10- Deed In Lieu of Foreclosure 11- Full Payoff 12- Reps and Warranties 13- Other or TBD (3) Modification Code 1- Maturity Date Extension 2- Amortization Change 3- Principal Write-Off 4- Combination

Principal Prepayment Detail No Principal Prepayments this Period

Historical Detail Delinquencies Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure REO Modifications Date # Balance # Balance # Balance # Balance # Balance # Balance ~~09/12/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 08/12/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00~~ 07/14/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 06/12/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 05/12/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 04/14/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00

Prepayments Distribution Curtailments Payoff Date # Amount # Amount ~~09/12/2003 0 $0.00 0 $0.00 08/12/2003 0 $0.00 0 $0.00~~ 07/14/2003 0 $0.00 0 $0.00 06/12/2003 0 $0.00 0 $0.00 05/12/2003 0 $0.00 0 $0.00 04/14/2003 0 $0.00 0 $0.00

Rate and Maturities Distribution Next Weighted Avg. WAM Date Coupon Remit ~~09/12/2003 6.446939% 6.408709% 105 08/12/2003 6.446907% 6.408676% 106~~ 07/14/2003 6.446875% 6.408642% 107 06/12/2003 6.446834% 6.408600% 108 05/12/2003 6.446801% 6.408565% 109 04/14/2003 6.446759% 6.408522% 110 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

Delinquency Loan Detail Offering # of Current Outstanding Status of Loan Number Document Months Paid Through P & I P & I Mortgage Cross-Reference Delinq. Date Advances Advances** Loan (1) 700201082 2 0 06/09/2003 516,382.50 516,382.50 A 600872125 6 18 0 06/01/2003 324,519.52 324,519.52 B 700201045 19 20 0 06/01/2003 289,489.29 289,489.29 B 600872126 46 0 06/01/2003 59,172.97 59,172.97 B 600872127 49 0 06/01/2003 54,734.22 54,734.22 B 600872128 50 0 06/01/2003 52,168.36 52,168.36 B 600872129 51 0 06/01/2003 44,801.72 44,801.72 B 700200964 56 0 06/01/2003 46,434.61 46,434.61 B 600872131 71 0 06/01/2003 22,811.44 22,811.44 B Totals 9 1,410,514.63 1,410,514.63

Resolution Actual Outstanding Loan Number Strategy Servicing Foreclosure Principal Servicing Bankruptcy REO Code (2) Transfer Date Date Balance Advances 700201082 93,000,000.00 0.00 600872125 46,890,292.98 0.00 700201045 45,891,256.94 0.00 600872126 9,960,218.20 0.00 600872127 9,114,285.24 0.00 600872128 8,349,037.01 0.00 600872129 7,668,306.22 0.00 700200964 6,675,955.99 10,297.20 600872131 3,476,245.72 0.00 Totals 231,025,598.30 10,297.20

Totals by Delinquency Code: Current Outstanding Actual Outstanding P&I P & I Principal Servicing Advances Advances Balance Advances ~~Total for Status Code = A (1 loan) 516,382.50 516,382.50 93,000,000.00 0.00 Total for Status Code = B (8 loans) 894,132.13 894,132.13 138,025,598.30 10,297.20~~

(1) Status of Mortgage Loan A- Payment Not Received But Still in Grace Period B- Late Payment But Less Than 1 Month Delinquent 0- Current 1- One Month Delinquent 2- Two Months Delinquent 3- Three Or More Months Delinquent 4- Assumed Scheduled Payment (Performing Matured Balloon) 7- Foreclosure 9- REO (2) Resolution Strategy Code 1- Modification 2- Foreclosure 3- Bankruptcy 4- Extension 5- Note Sale 6- DPO 7- REO 8- Resolved 9- Pending Return to Master Servicer 10- Deed In Lieu Of Foreclosure 11- Full Payoff 12- Reps and Warranties 13- Other or TBD ** Outstanding P & I Advances include the current period advance. Specially Serviced Loan Detail - Part 1 No Specially Serviced Loans this Period Specially Serviced Loan Detail - Part 2 No Specially Serviced Loans this Period Modified Loan Detail No Modified Loans Liquidated Loan Detail No Liquidated Loans this Period

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