8-K 1 mdc03tp11_nov.txt NOVEMBER 8K 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 : November 13, 2003 (Date of earliest event reported) Commission File No.: 333-104283 Morgan Stanley Dean Witter Capital I, Inc. Commercial Mortgage Pass-Through Certificates, Series 2003-TOP11 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2123732 54-2123733 54-2123734 54-6553636 (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 November 13, 2003 a distribution was made to holders of Morgan Stanley Dean Witter Capital I, Inc. Commercial Mortgage Pass-Through Certificates, Series 2003-TOP11. 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-TOP11 relating to the November 13, 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-TOP11 By: Wells Fargo Bank Minnesota, N.A., as Paying Agent By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: November 13, 2003 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates Series 2003-TOP11, relating to the November 13, 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-TOP11 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 11/13/2003 Record Date: 10/31/2003 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 - 16 Principal Prepayment Detail 17 Historical Detail 18 Delinquency Loan Detail 19 Specially Serviced Loan Detail 20 - 21 Modified Loan Detail 22 Liquidated Loan Detail 23 Depositor Morgan Stanley 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 investorreporting@wellsfargo.com San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (212)222-2364 Special Servicer ARCap Servicing, Inc. 5605 N. MacArthur Blvd. Irving, TX 75038 Contact: Chris Crouch Phone Number: (972) 580-1688 Ex 333 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 61746WG79 3.260000% 150,000,000.00 ~~148~~147,~~784~~441,~~972~~055.2778 1,~~343~~227,~~916~~630.4988 A-2 61746WG87 4.340000% 175,000,000.00 175,000,000.00 0.00 A-3 61746WG95 4.850000% 165,114,000.00 165,114,000.00 0.00 A-4 61746WH29 5.150000% 561,379,000.00 561,379,000.00 0.00 B 61746WH37 5.~~177366~~327147% 31,366,000.00 31,366,000.00 0.00 C 61746WH45 5.~~437366~~587147% 32,859,000.00 32,859,000.00 0.00 D 61746WH52 5.~~437366~~587147% 13,443,000.00 13,443,000.00 0.00 E 61746WH86 5.~~437366~~587147% 14,936,000.00 14,936,000.00 0.00 F 61746WH94 5.~~437366~~587147% 7,468,000.00 7,468,000.00 0.00 G 61746WJ27 5.~~437366~~587147% 7,468,000.00 7,468,000.00 0.00 H 61746WJ35 5.316000% 11,948,000.00 11,948,000.00 0.00 J 61746WJ43 5.316000% 2,988,000.00 2,988,000.00 0.00 K 61746WJ50 5.316000% 2,987,000.00 2,987,000.00 0.00 L 61746WJ68 5.316000% 2,987,000.00 2,987,000.00 0.00 M 61746WJ76 5.316000% 2,987,000.00 2,987,000.00 0.00 N 61746WJ84 5.316000% 11,949,395.09 11,949,395.09 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 1,194,879,395.09 1,~~193~~192,~~664~~320,~~367~~450.3687 1,~~343~~227,~~916~~630.4988

Class CUSIP Interest Prepayment Realized Loss/ Total Current Distribution Penalties Additional Trust Distribution Ending Balance Subordination Fund Expenses Level(1) A-1 61746WG79 ~~404~~400,~~199~~548.1720 0.00 0.00 1,~~748~~628,~~115~~179.6608 ~~147~~146,~~441~~213,~~055~~424.7890 12.0304% A-2 61746WG87 632,916.67 0.00 0.00 632,916.67 175,000,000.00 12.0304% A-3 61746WG95 667,335.75 0.00 0.00 667,335.75 165,114,000.00 12.0304% A-4 61746WH29 2,409,251.54 0.00 0.00 2,409,251.54 561,379,000.00 12.0304% B 61746WH37 ~~135~~139,~~327~~242.7273 0.00 0.00 ~~135~~139,~~327~~242.7273 31,366,000.00 9.40% C 61746WH45 ~~148~~152,~~888~~990.6804 0.00 0.00 ~~148~~152,~~888~~990.6804 32,859,000.00 6.6465% D 61746WH52 6062,~~912~~590.0901 0.00 0.00 6062,~~912~~590.0901 13,443,000.00 5.5152% E 61746WH86 6769,~~677~~541.0835 0.00 0.00 6769,~~677~~541.0835 14,936,000.00 4.26% F 61746WH94 3334,~~838~~770.5468 0.00 0.00 3334,~~838~~770.5468 7,468,000.00 3.6364% G 61746WJ27 3334,~~838~~770.5468 0.00 0.00 3334,~~838~~770.5468 7,468,000.00 3.01% H 61746WJ35 52,929.64 0.00 0.00 52,929.64 11,948,000.00 2.0001% J 61746WJ43 13,236.84 0.00 0.00 13,236.84 2,988,000.00 1.7576% K 61746WJ50 13,232.41 0.00 0.00 13,232.41 2,987,000.00 1.50% L 61746WJ68 13,232.41 0.00 0.00 13,232.41 2,987,000.00 1.25% M 61746WJ76 13,232.41 0.00 0.00 13,232.41 2,987,000.00 1.00% N 61746WJ84 52,935.82 0.00 0.00 52,935.82 11,949,395.09 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 4,~~752~~762,~~985~~757.3118 0.00 0.00 65,~~096~~990,~~901~~388.8006 1,~~192~~191,~~320~~092,~~450~~819.8799

Original Beginning Pass-Through Notional Notional Class CUSIP Rate Amount Amount X-1 61746WH60 0.~~158335~~167745% 1,194,879,395.09 1,~~193~~192,~~664~~320,~~367~~450.3687 X-2 61746WH78 0.~~543810~~678937% 1,099,299,000.00 1,099,299,000.00

Ending Interest Prepayment Total Notional Class CUSIP Distribution Penalties Distribution Amount X-1 61746WH60 ~~157~~166,~~498~~671.7929 0.00 ~~157~~166,~~498~~671.7929 1,~~192~~191,~~320~~092,~~450~~819.8799 X-2 61746WH78 ~~498~~621,~~174~~962.4650 0.00 ~~498~~621,~~174~~962.4650 1,099,299,000.00 (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 61746WG79 ~~991~~982.~~89981513~~94037187 8.~~95944327~~18420587 2.~~69466113~~67032133 0.00000000 0.00000000 ~~982~~974.~~94037187~~75616600 A-2 61746WG87 1,000.00000000 0.00000000 3.61666669 0.00000000 0.00000000 1,000.00000000 A-3 61746WG95 1,000.00000000 0.00000000 4.04166667 0.00000000 0.00000000 1,000.00000000 A-4 61746WH29 1,000.00000000 0.00000000 4.29166666 0.00000000 0.00000000 1,000.00000000 B 61746WH37 1,000.00000000 0.00000000 4.~~31447172~~43928872 0.00000000 0.00000000 1,000.00000000 C 61746WH45 1,000.00000000 0.00000000 4.~~53113850~~65595545 0.00000000 0.00000000 1,000.00000000 D 61746WH52 1,000.00000000 0.00000000 4.~~53113814~~65595552 0.00000000 0.00000000 1,000.00000000 E 61746WH86 1,000.00000000 0.00000000 4.~~53113819~~65595541 0.00000000 0.00000000 1,000.00000000 F 61746WH94 1,000.00000000 0.00000000 4.~~53113819~~65595608 0.00000000 0.00000000 1,000.00000000 G 61746WJ27 1,000.00000000 0.00000000 4.~~53113819~~65595608 0.00000000 0.00000000 1,000.00000000 H 61746WJ35 1,000.00000000 0.00000000 4.43000000 0.00000000 0.00000000 1,000.00000000 J 61746WJ43 1,000.00000000 0.00000000 4.43000000 0.00000000 0.00000000 1,000.00000000 K 61746WJ50 1,000.00000000 0.00000000 4.43000000 0.00000000 0.00000000 1,000.00000000 L 61746WJ68 1,000.00000000 0.00000000 4.43000000 0.00000000 0.00000000 1,000.00000000 M 61746WJ76 1,000.00000000 0.00000000 4.43000000 0.00000000 0.00000000 1,000.00000000 N 61746WJ84 1,000.00000000 0.00000000 4.42999998 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 61746WH60 ~~998~~997.~~98313777~~85840794 0.~~13181145~~13948796 0.00000000 ~~997~~996.~~85840794~~83099808 X-2 61746WH78 1,000.00000000 0.~~45317467~~56578101 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding ~~901~~851,~~935~~264.6798 Servicing Advances Outstanding 0.00 Reimbursement for Interest on Advances 0.00 paid from general collections Servicing Fee Summary Current Period Accrued Servicing Fees 5153,~~975~~352.1465 Less Delinquent Servicing Fees 109,~~566~~886.6360 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 010,566.0063 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 4154,~~408~~032.5168

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 ~~404~~400,~~199~~548.1720 0.00 0.00 0.00 ~~404~~400,~~199~~548.1720 0.00 ~~404~~400,~~199~~548.1720 0.00 A-2 632,916.67 0.00 0.00 0.00 632,916.67 0.00 632,916.67 0.00 A-3 667,335.75 0.00 0.00 0.00 667,335.75 0.00 667,335.75 0.00 A-4 2,409,251.54 0.00 0.00 0.00 2,409,251.54 0.00 2,409,251.54 0.00 X-1 ~~157~~166,~~498~~671.7929 0.00 0.00 0.00 ~~157~~166,~~498~~671.7929 0.00 ~~157~~166,~~498~~671.7929 0.00 X-2 ~~498~~621,~~174~~962.4650 0.00 0.00 0.00 ~~498~~621,~~174~~962.4650 0.00 ~~498~~621,~~174~~962.4650 0.00 B ~~135~~139,~~327~~242.7273 0.00 0.00 0.00 ~~135~~139,~~327~~242.7273 0.00 ~~135~~139,~~327~~242.7273 0.00 C ~~148~~152,~~888~~990.6804 0.00 0.00 0.00 ~~148~~152,~~888~~990.6804 0.00 ~~148~~152,~~888~~990.6804 0.00 D 6062,~~912~~590.0901 0.00 0.00 0.00 6062,~~912~~590.0901 0.00 6062,~~912~~590.0901 0.00 E 6769,~~677~~541.0835 0.00 0.00 0.00 6769,~~677~~541.0835 0.00 6769,~~677~~541.0835 0.00 F 3334,~~838~~770.5468 0.00 0.00 0.00 3334,~~838~~770.5468 0.00 3334,~~838~~770.5468 0.00 G 3334,~~838~~770.5468 0.00 0.00 0.00 3334,~~838~~770.5468 0.00 3334,~~838~~770.5468 0.00 H 52,929.64 0.00 0.00 0.00 52,929.64 0.00 52,929.64 0.00 J 13,236.84 0.00 0.00 0.00 13,236.84 0.00 13,236.84 0.00 K 13,232.41 0.00 0.00 0.00 13,232.41 0.00 13,232.41 0.00 L 13,232.41 0.00 0.00 0.00 13,232.41 0.00 13,232.41 0.00 M 13,232.41 0.00 0.00 0.00 13,232.41 0.00 13,232.41 0.00 N 52,935.82 0.00 0.00 0.00 52,935.82 0.00 52,935.82 0.00 Total 5,~~408~~551,~~658~~390.5697 0.00 0.00 0.00 5,~~408~~551,~~658~~390.5697 0.00 5,~~408~~551,~~658~~390.5697 0.00

Other Required Information Available Distribution Amount (1) 6,~~752~~779,~~575~~021.0585 Principal Distribution Amount 1,~~343~~227,~~916~~630.4789 (a) Principal portion of Scheduled Payments 1,~~343~~227,~~916~~630.4789 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 188 Aggregate Unpaid Principal Balance of the Mortgage Loans 1,~~192~~191,~~411~~190,~~740~~116.5669 Aggregate Scheduled Principal Balance of the Mortgage Loans 1,~~192~~191,~~320~~092,~~450~~820.8901 Interest Reserve Account Deposits 0.00 Withdrawals 0.00 Total Servicing and Special Servicing Fee Paid 4154,~~408~~032.5168 Servicing Fee paid 4154,~~408~~032.5168 Special Servicing Fee paid 0.00 Trustee Fee Paid 1,~~004~~030.6784 Paying Agent Fee Paid 1,~~124~~153.0332 ~~(1) The Available Distribution Amount includes any Prepayment Premiums .~~ 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 5,~~462~~606,~~762~~927.4078 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 5,~~462~~606,~~762~~927.4078 Principal: Scheduled Principal 1,~~343~~227,~~916~~630.4789 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 1,~~343~~227,~~916~~630.4789 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 6,~~806~~834,~~678~~558.8767 Total Funds Distributed Fees: Master Servicing Fee 5153,~~975~~352.1465 Trustee Fee 1,~~004~~030.6784 Certificate Administration Fee 1,~~124~~153.0332 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 5455,~~103~~536.8481 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 5,~~408~~551,~~658~~390.5697 Principal Distribution 1,~~343~~227,~~916~~630.4988 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 6,~~752~~779,~~575~~021.0585 Total Funds Distributed 6,~~806~~834,~~678~~558.8966

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 1,000,000 7 6,~~580~~571,~~066~~105.0247 0.55 ~~115~~114 6.~~1831~~1830 2.~~033673~~033724 1,000,001 to 2,000,000 41 60,~~923~~828,~~987~~093.8450 5.11 ~~126~~125 5.~~8448~~8447 2.~~138360~~138688 2,000,001 to 3,000,000 32 80,~~270~~139,~~917~~315.9150 6.73 ~~127~~126 5.8166 1.~~866901~~866997 3,000,001 to 4,000,000 22 77,~~485~~387,~~980~~431.9320 6.50 ~~115~~114 5.~~5579~~5577 2.~~107508~~107711 4,000,001 to 5,000,000 18 81,~~618~~529,~~083~~264.8709 6.8584 ~~122~~121 5.~~5045~~5043 2.~~126208~~126518 5,000,001 to 6,000,000 11 60,~~692~~632,~~272~~902.2717 5.09 ~~126~~125 5.~~5705~~5704 1.~~954990~~955216 6,000,001 to 7,000,000 7 44,~~921~~826,~~150~~042.5650 3.7776 ~~117~~116 5.~~5426~~5429 1.~~727547~~727724 7,000,001 to 8,000,000 5 37,~~796~~766,~~309~~330.8025 3.17 ~~114~~113 5.8111 1.~~652846~~652873 8,000,001 to 9,000,000 7 60,~~172~~144,~~518~~680.0866 5.05 ~~110~~109 5.~~3415~~3413 2.~~153935~~154212 9,000,001 to 10,000,000 6 55,~~464~~394,~~398~~441.2341 4.65 ~~139~~138 5.8532 1.~~540744~~540662 10,000,001 to 15,000,000 16 ~~200~~199,~~083~~887,~~177~~811.5101 16.78 ~~112~~111 5.~~4305~~4303 2.~~142786~~143164 15,000,001 to 20,000,000 9 147,~~859~~744,~~902~~165.6579 12.40 ~~110~~109 5.~~4989~~4985 2.~~087323~~087714 20,000,001 to 30,000,000 5 119,~~899~~802,~~384~~202.6639 10.06 9998 5.~~3070~~3067 2.~~244172~~244544 30,000,001 and greater 2 158,~~552~~439,~~300~~034.5607 13.30 9998 5.~~1422~~1418 2.~~541462~~541849 Totals 188 1,~~192~~191,~~320~~092,~~450~~820.8901 100.00 ~~114~~113 5.~~4915~~4912 2.~~108112~~108449

State(3) # of Scheduled % of Weighted State Props. Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Alabama 1 15,~~934~~922,~~880~~780.8045 1.34 ~~115~~114 6.4500 1.880000 Arizona 11 4948,~~019~~979,~~298~~582.6599 4.11 ~~115~~114 5.7643 1.~~826030~~826016 California 67 364,~~610~~097,~~995~~746.6058 30.5857 ~~125~~124 5.~~5377~~5376 2.~~011217~~011421 Colorado 5 20,~~702~~679,~~602~~162.7554 1.74 ~~107~~106 5.~~9681~~9682 1.~~585497~~585509 Connecticut 5 36,~~487~~457,~~793~~380.0599 3.06 ~~109~~108 5.~~3095~~3092 2.~~567422~~567668 Delaware 1 4,~~436~~421,~~920~~308.8670 0.37 ~~176~~175 5.6000 1.410000 Florida 10 45,~~569~~530,~~902~~018.1129 3.82 ~~118~~117 5.~~3876~~3874 2.~~484705~~485151 Georgia 3 35,~~208~~189,~~105~~955.3679 2.95 ~~102~~101 4.~~9740~~9735 2.~~346200~~346660 Hawaii 1 13,~~720~~710,~~926~~491.9934 1.15 9594 7.0000 1.490000 Idaho 1 1,~~193~~192,~~713~~225.7205 0.10 ~~116~~115 6.2600 1.650000 Illinois 12 52,~~499~~442,~~087~~376.5842 4.40 ~~125~~124 5.~~5004~~5002 1.~~980308~~980885 Indiana 2 9,700,000.00 0.81 9796 5.4191 1.768969 Kentucky 2 16,~~756~~740,~~469~~374.8993 1.41 ~~115~~114 5.8111 1.~~489717~~489725 Louisiana 1 9,~~049~~041,~~177~~393.3219 0.76 ~~108~~107 6.1700 1.390000 Maryland 5 44,~~516~~463,~~802~~585.8257 3.73 ~~114~~113 5.8999 1.~~557675~~557632 Massachusetts 6 119,~~407~~344,~~807~~472.7367 10.0102 7271 5.~~1312~~1305 2.~~635446~~635960 Michigan 3 26,~~647~~589,~~082~~384.1937 2.23 ~~234~~233 5.7400 1.950000 Minnesota 4 7,~~789~~772,~~471~~207.0009 0.65 ~~115~~114 5.~~5330~~5331 2.~~318918~~318778 Montana 1 2,~~604~~595,~~946~~970.7823 0.22 ~~175~~174 5.9100 1.260000 Nevada 2 5,~~303~~297,~~164~~104.9082 0.44 ~~116~~115 5.1891 2.~~065444~~065459 New Jersey 9 83,~~693~~661,~~959~~275.9658 7.02 9594 4.~~9570~~9567 2.~~627359~~627730 New Mexico 2 9,~~997~~979,~~328~~610.9333 0.84 ~~115~~114 5.~~7317~~7315 1.~~577190~~577249 New York 11 7069,~~016~~962,~~801~~205.5075 5.87 ~~115~~114 5.~~1492~~1490 2.~~269023~~269340 Ohio 1 12,~~520~~495,~~963~~032.8538 1.05 8180 5.9000 1.650000 Oklahoma 1 1,005,100.00 0.08 ~~116~~115 5.0500 2.680000 Oregon 2 7,~~581~~573,~~525~~131.4788 0.64 ~~114~~113 5.3529 2.~~093813~~093852 Pennsylvania 4 12,~~582~~564,~~517~~698.5207 1.0605 ~~114~~113 6.~~5493~~5491 1.~~577505~~577473 Rhode Island 1 12,900,000.00 1.08 7978 5.1000 2.480000 South Carolina 1 9,~~090~~082,~~792~~804.1676 0.76 ~~113~~112 5.9500 1.410000 Tennessee 2 12,~~806~~789,~~359~~304.2892 1.07 ~~115~~114 5.9676 1.~~429791~~429789 Texas 19 3837,~~001~~976,~~047~~292.3913 3.19 ~~122~~121 5.~~4716~~4713 2.~~208520~~208783 Utah 1 1,~~272~~268,~~800~~291.5331 0.11 ~~114~~113 5.7100 1.340000 Virginia 1 10,~~911~~903,~~261~~337.6759 0.92 ~~110~~109 6.7500 1.300000 Washington 3 14,~~486~~471,~~711~~569.3847 1.2221 ~~113~~112 5.6900 1.~~680285~~680282 Wisconsin 2 14,~~294~~292,~~131~~643.1583 1.20 8684 4.~~6023~~6021 2.~~932073~~932208 Totals 203 1,~~192~~191,~~320~~092,~~450~~820.8901 100.00 ~~114~~113 5.~~4915~~4912 2.~~108112~~108449

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 2 16,~~699~~666,~~796~~068.4473 1.40 ~~107~~106 7.~~2391~~2392 1.~~196306~~196311 1.21 to 1.30 7 42,~~337~~282,~~919~~395.5156 3.55 ~~133~~132 6.~~4535~~4536 1.~~281869~~281879 1.31 to 1.40 14 60,~~534~~435,~~420~~321.2546 5.0807 ~~137~~136 5.~~8960~~8961 1.~~374727~~374740 1.41 to 1.50 18 103,~~752~~588,~~912~~540.2898 8.70 ~~125~~124 5.~~9413~~9415 1.~~459771~~459764 1.51 to 1.60 16 72,~~970~~885,~~586~~041.2834 6.12 ~~114~~113 5.8367 1.546133 1.61 to 1.70 22 115,~~864~~686,~~604~~301.2652 9.7271 ~~109~~108 5.~~6221~~6222 1.~~652229~~652223 1.71 to 1.80 19 112,~~611~~468,~~416~~695.3417 9.44 ~~104~~103 5.~~5410~~5409 1.~~753684~~753688 1.81 or greater 90 667,~~548~~080,~~795~~455.5325 5556.9901 ~~111~~110 5.~~2114~~2111 2.~~550943~~551202 Totals 188 1,~~192~~191,~~320~~092,~~450~~820.8901 100.00 ~~114~~113 5.~~4915~~4912 2.~~108112~~108449

Property Type (3) Property # of Scheduled % of Weighted Type Props Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Industrial 34 161,~~638~~343,~~435~~719.3791 13.5655 ~~142~~141 5.~~7735~~7738 1.~~869204~~869406 Lodging 2 18,~~680~~647,~~766~~734.7112 1.57 9392 6.~~1242~~1244 1.~~762112~~762181 Mixed Use 5 37,~~385~~358,~~958~~769.3742 3.14 ~~102~~101 5.~~2652~~2650 2.~~404282~~404484 Mobile Home Park 8 55,~~058~~012,~~185~~850.5485 4.62 ~~119~~118 5.~~1741~~1740 2.~~393342~~393666 Multi-Family 22 101,~~767~~670,~~102~~074.2340 8.54 ~~121~~120 5.~~4039~~4037 2.~~053326~~053627 Office 33 394,~~657~~306,~~279~~143.9951 33.10 ~~104~~103 5.~~4479~~4476 2.~~135491~~135799 Other 5 31,~~043~~023,~~857~~394.0091 2.60 9998 6.~~0855~~0853 1.~~921394~~921567 Retail 77 338,~~328~~012,~~732~~570.8058 28.38 ~~114~~113 5.~~4281~~4277 2.~~118417~~118777 Self Storage 17 53,~~760~~717,~~132~~562.8831 4.51 9998 5.~~4476~~4475 2.~~394255~~394587 Totals 203 1,~~192~~191,~~320~~092,~~450~~820.8901 100.00 ~~114~~113 5.~~4915~~4912 2.~~108112~~108449

Note Rate Note # of Scheduled % of Weighted Rate Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 5.500% or less 66 562,~~673~~289,~~295~~547.5200 47.1921 9897 4.~~9678~~9676 2.~~571713~~572110 5.501% to 6.000% 79 437,~~920~~320,~~057~~146.3682 36.7372 ~~129~~128 5.7368 1.~~772450~~772456 6.001% to 6.500% 32 132,~~305~~139,~~629~~569.0527 11.1009 ~~130~~129 6.2567 1.~~538414~~538464 6.501% to 7.000% 9 41,~~651~~607,~~539~~373.4307 3.49 ~~112~~111 6.7695 1.~~569809~~569732 7.001% to 7.500% 2 17,~~769~~736,~~929~~183.5385 1.49 ~~103~~102 7.3333 1.~~203889~~203890 7.5% or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 188 1,~~192~~191,~~320~~092,~~450~~820.8901 100.00 ~~114~~113 5.~~4915~~4912 2.~~108112~~108449

Seasoning # of Scheduled % of Weighted Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 12 months or less ~~185~~184 1,~~161~~150,~~019~~792,~~018~~728.1051 9796.3762 ~~114~~113 5.~~4473~~4414 2.~~129022~~135167 13 to 24 months 23 1726,~~580~~589,~~505~~600.8016 12.4723 103 76.~~2306~~8699 1.~~209621~~270960 25 to 36 months 1 13,~~720~~710,~~926~~491.9934 1.15 9594 7.0000 1.490000 37 to 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 188 1,~~192~~191,~~320~~092,~~450~~820.8901 100.00 ~~114~~113 5.~~4915~~4912 2.~~108112~~108449

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 8 103,~~960~~933,~~081~~597.5714 8.7273 5453 4.~~8290~~8287 2.~~772035~~772306 61 to 120 months 153 ~~908~~907,~~688~~870,~~897~~321.4384 76.2122 ~~107~~106 5.~~5103~~5101 2.~~097141~~097393 121 to 180 months 5 90,~~587~~450,~~187~~811.0499 7.6059 ~~153~~152 5.7870 1.~~935457~~935462 181 months and greater 1 2,~~283~~279,~~492~~312.6629 0.19 ~~200~~199 6.2100 1.400000 Totals 167 1,~~105~~104,~~519~~534,~~658~~043.7026 92.7273 ~~106~~105 5.~~4703~~4701 2.~~145917~~146201

Remaining Stated Term (Fully Amortizing Loans) Remaining # of Scheduled % of Weighted Stated Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 60 months or less 0 0.00 0.00 0 0.0000 0.000000 61 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 180 months 12 40,~~653~~508,~~085~~773.2089 3.4140 ~~175~~174 5.~~6142~~6143 1.~~455328~~455320 181 to 240 months 9 46,~~147~~050,~~706~~002.9986 3.87 ~~234~~233 5.8896 1.~~777491~~777475 241 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 21 86,~~800~~558,~~792~~776.1975 7.2827 ~~207~~206 5.~~7606~~7607 1.~~626606~~626709

Remaining Amortization Term (ARD and Balloon Loans) Remaining # of Scheduled % of Weighted Amortization Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Interest Only 20 254,747,250.00 21.3739 7978 4.7172 3.026597 60 months or less 0 0.00 0.00 0 0.0000 0.000000 61 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 180 months 3 9,~~564~~528,~~258~~839.8211 0.80 9089 5.~~0442~~0443 1.~~620382~~620370 181 to 240 months 20 9190,~~014~~822,~~004~~266.3003 7.63 ~~108~~107 6.~~0380~~0381 1.~~835797~~835728 241 to 300 months 51 ~~247~~246,~~277~~916,~~760~~660.8730 20.7473 ~~122~~121 5.7721 1.~~823703~~823701 301 to 360 months 73 502,~~916~~519,~~384~~027.7182 42.1819 ~~112~~111 5.6088 1.~~924364~~924439 361 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 167 1,~~105~~104,~~519~~534,~~658~~043.7026 92.7273 ~~106~~105 5.~~4703~~4701 2.~~145917~~146201

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 188 1,~~192~~191,~~320~~092,~~450~~820.8901 100.00 ~~114~~113 5.~~4915~~4912 2.~~108112~~108449 1 year or less 0 0.00 0.00 0 0.0000 0.000000 1 to 2 years 0 0.00 0.00 0 0.0000 0.000000 2 years and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 188 1,~~192~~191,~~320~~092,~~450~~820.8901 100.00 ~~114~~113 5.~~4915~~4912 2.~~108112~~108449 (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 600872350 1 OF Boston MA ~~327~~338,~~604~~524.1731 0.00 4.625% 600872301 2 OF Costa Mesa CA ~~352~~351,~~364~~825.3817 ~~112~~113,~~727~~266.2849 5.740% 700201093 003 004 IN Various Various ~~149~~154,~~508~~348.8640 2521,~~941~~102.9743 6.450% 600872302 5 IN Troy MI 9,~~463~~756.4734 4,~~566~~273.7891 5.740% 600872303 6 IN Troy MI 7073,~~975~~172.9956 3432,~~250~~054.9235 5.740% 600872304 7 IN Troy MI 4748,~~317~~781.3271 2221,~~833~~369.9556 5.740% 850201139 8 OF Oakland CA ~~110~~114,~~574~~125.9319 3026,~~423~~873.7145 5.175% 850201166 9 OF New York NY 8992,~~700~~690.00 0.00 4.680% 310901067 10 IN Van Nuys CA ~~101~~104,~~071~~192.2648 5249,~~327~~206.6139 5.500% 850201186 11 RT Smyrna GA 79,908.33 0.00 4.460% 310901121 12 MH Davie FL 8284,~~062~~797.5092 0.00 5.050% 600872305 13 MF Monterey CA 6971,~~125~~429.0017 0.00 4.740% 600872344 14 OF Gaithersburg MD 8790,~~781~~616.5071 1614,~~878~~043.3514 6.250% 310901139 15 OF Beverly Hills CA 6567,~~591~~694.0210 1917,~~617~~514.2517 4.930% 600872306 16 OF Germantown MD 75,~~769~~653.8088 24,~~404~~520.3527 5.700% 850201174 017 018 Various East Hanover NJ 61,393.02 0.00 4.685% 850201098 19 RT Edison NJ 7375,~~090~~444.2508 1614,~~958~~604.5370 5.650% 310900360 20 OF Bedford MA 9497,~~413~~355.5326 3229,~~628~~687.9421 7.310% 310901157 21 OF Concord CA 6871,~~968~~186.8074 1715,~~585~~367.3238 5.350% 850201128 22 MU Greenwich CT 6971,~~664~~908.5884 1513,~~953~~709.5226 5.670% 850201146 23 MF Lexington KY 6971,~~502~~742.6940 1513,~~723~~483.0433 5.690% 600872307 24 RT LaGrange IL 6769,~~313~~482.4929 1513,~~303~~134.2949 5.690% 850201165 25 MU Edgewater NJ 54,658.33 0.00 4.685% 850201187 26 OT Honolulu HI 8082,~~114~~706.7470 1310,~~027~~435.6165 7.000% 850201119 27 RT Racine WI 48,840.00 0.00 4.440% 850201134 28 OF Providence RI 54,825.00 0.00 5.100% 310901026 29 LO Independence OH 6163,~~698~~613.3245 2725,~~846~~931.6047 5.900% 850201147 30 RT West Paterson NJ 43,238.65 0.00 4.685% 850201178 31 IN Santa Fe Springs CA 4648,~~735~~111.2769 4139,~~027~~651.5614 5.135% 850201097 32 RT Mays Landing NJ 4850,~~669~~209.3824 1716,~~898~~358.4357 5.350% 600872345 33 OF Suffolk VA 6163,~~431~~421.6171 97,~~914~~924.1808 6.750% 850201163 34 MF New York NY 4446,~~740~~175.7233 1311,~~272~~837.5695 4.965% 600872308 35 RT Stamford CT 4648,~~521~~016.6808 1210,~~340~~846.6121 5.300% 850201148 36 RT Brick NJ 37,552.08 0.00 4.375% 310901179 37 RT Chandler AZ 4344,~~047~~433.7092 108,~~191~~805.5230 5.550% 600872309 38 RT Alpharetta GA 4244,~~987~~371.4753 108,~~060~~676.0802 5.640% 600872310 39 MF Boiling Springs SC 4546,~~122~~577.0068 97,~~443~~987.0840 5.950% 700200916 40 OF Metairie LA 4648,~~575~~078.6178 97,~~287~~784.3013 6.170% 600872311 41 IN Peabody MA 4547,~~869~~310.2930 1615,~~775~~334.4241 6.090% 600872312 42 OF Memphis TN 4345,~~860~~254.5133 1312,~~468~~074.2341 5.880% 700201133 43 RT Mission Viejo CA 3940,~~530~~848.8353 0.00 5.330% 700201053 44 IN Kirkland WA 4244,~~640~~013.0994 98,~~524~~150.2742 5.790% 850201157 045 051 RT Various Various 36,227.02 0.00 5.050% 850201111 52 RT San Marcos TX 4042,~~967~~288.5649 87,~~933~~612.5259 5.805% 850201156 053 059 RT Various TX 35,450.37 0.00 5.050% 850201154 60 RT Windsor CT 29,321.54 0.00 4.390% 310901064 61 MH Glendale AZ 3537,~~880~~076.00 0.00 5.520% 310901101 62 RT Yuba City CA 3738,~~620~~832.0398 86,~~178~~965.0914 5.830% 850201137 63 RT Pasadena CA 3638,~~836~~024.3489 76,~~720~~532.9136 5.915% 600872313 64 RT West Nyack NY 3435,~~576~~689.3622 87,~~290~~177.5872 5.560% 850201115 65 OF Denver CO 3839,~~291~~511.4620 109,~~524~~304.0733 6.250% 310900825 66 RT Farmington NM 3435,~~169~~228.3854 1514,~~658~~599.2711 5.920% 610901155 67 IN Rancho Cucamonga CA 27,~~053~~846.3765 2625,~~581~~788.4315 4.740% 600872314 68 RT Orland Park IL 3031,~~770~~745.6440 109,~~431~~457.9115 5.670% 310901007 69 RT Brandon FL 2829,~~326~~221.1983 109,~~701~~806.6501 5.270% 850201189 70 LO San Diego CA 3334,~~821~~902.1213 87,~~182~~101.1312 6.580% 850201112 71 MH Countryside IL 2728,~~428~~236.8548 22,~~918~~110.3168 5.405% 850201114 72 MF Corvallis OR 2627,~~370~~217.7470 76,~~092~~245.8084 5.250% 310900793 73 IN Sausalito CA 2829,~~787~~711.2609 76,~~059~~136.8401 5.880% 600872315 74 MH Casa Grande AZ 2324,~~505~~259.7803 76,~~205~~452.9065 4.880% 610901174 75 MF Fullerton CA 2223,~~550~~301.0067 0.00 4.920% 700201113 76 OF New York NY 25,~~132~~941.8978 65,~~095~~286.5162 5.500% 600872316 77 MF Middletown NY 23,~~219~~952.3187 98,~~222~~488.2064 5.090% 600872317 78 RT Lone Tree CO 2829,~~569~~493.4200 54,~~330~~407.8123 6.260% 600872318 79 OF Greenbelt MD 2627,~~345~~181.1776 87,~~355~~518.4687 5.780% 850201055 80 OT New York NY 2425,~~676~~469.1124 65,~~293~~500.9784 5.425% 310901140 81 RT Plano TX 2526,~~586~~410.1848 5,~~873~~048.1787 5.650% 310900905 82 RT Sacramento CA 2829,~~976~~879.5007 1110,~~432~~530.9437 6.430% 600872319 83 MF Greenwood IN 2425,~~705~~528.0050 0.00 5.490% 310901062 84 SS Truckee CA 23,~~079~~821.1573 54,~~561~~819.7820 5.580% 310901130 85 IN Redondo Beach CA 19,~~273~~915.3378 0.00 4.720% 700201088 86 OF Agoura Hills CA 2223,~~753~~485.4294 54,~~376~~643.4593 5.600% 850201133 87 RT Allentown PA 2627,~~766~~601.3024 109,~~070~~235.3137 6.605% 850201142 88 SS Lincolnwood IL 2021,~~551~~236.8894 0.00 5.085% 310901131 89 RT Studio City CA 19,~~079~~715.1714 0.00 4.820% 850201164 90 SS San Clemente CA 2122,~~705~~404.6726 54,~~264~~565.3172 5.500% 600872321 91 RT Hiram GA 23,~~139~~857.5467 109,~~191~~473.6855 6.060% 600872347 92 OF Tucson AZ 2223,~~645~~376.8740 4,~~756~~025.2673 5.940% 310901102 93 SS Costa Mesa CA 20,~~093~~739.1318 54,~~119~~473.6156 5.380% 850201161 94 RT Dover DE 2021,~~781~~395.3582 1615,~~226~~612.6316 5.600% 850201121 95 OT Philadelphia PA 2223,~~543~~271.3556 43,~~423~~695.4221 6.100% 310901063 96 MH Demotte IN 19,~~099~~735.1781 0.00 5.330% 310901112 97 OF West Hollywood CA 2021,~~366~~022.5894 43,~~590~~934.6428 5.700% 600872322 98 RT Miami FL 8,~~040~~296.7803 2,~~602~~347.7247 5.700% 600872323 99 RT Pembroke Pines FL 1112,~~855~~231.6286 3,~~859~~482.2197 5.700% 850201172 100 MU Medford and Malden MA 18,~~293~~857.3285 109,~~008~~443.1360 5.250% 600872324 101 MH Las Vegas NV 17,~~021~~566.4388 54,~~218~~672.0762 4.880% 600872325 102 RT New Lenox IL 1920,~~643~~275.1065 43,~~574~~941.2671 5.640% 310901034 103 OF Denver CO 18,~~016~~585.0864 6,~~852~~283.7014 5.250% 850201167 104 OF Newark NJ 1516,~~700~~223.0033 0.00 4.710% 850201138 105 MH Lothian MD 18,~~160~~745.8513 43,~~475~~891.4820 5.470% 850201124 106 RT Houston TX 1718,~~727~~296.1193 4,~~584~~014.5472 5.340% 850201153 107 RT Malden MA 1617,~~783~~301.8326 98,~~387~~869.2885 5.200% 600872326 108 RT Memphis TN 1920,~~920~~554.4564 54,~~614~~979.1495 6.170% 310901059 109 SS Goleta CA 18,~~131~~706.4046 5,~~973~~397.0094 5.700% 600872327 110 RT Roseville CA 1718,~~990~~547.3537 8,~~645~~088.4543 5.730% 850201140 111 SS Chicago IL 16,~~001~~534.2563 0.00 5.100% 850201143 112 SS River Grove IL 15,~~466~~982.8844 0.00 5.085% 600872328 113 RT Jacksonville FL 17,~~123~~667.6657 54,~~400~~856.2029 5.780% 700201159 114 MU New York NY 1617,~~580~~115.9345 3,~~710~~176.9139 5.690% 410901098 115 MH Blaine MN 14,~~446~~890.6191 8,~~651~~207.8454 5.000% 410901077 116 SS Morgan Hill CA 16,~~452~~982.0725 3,~~681~~151.2002 5.750% 410900192 117 SS Palm Springs CA 16,~~403~~924.9970 54,~~135~~614.3463 5.900% 410901145 118 SS Palm Springs CA 15,~~082~~560.4161 54,~~182~~704.4828 5.500% 410901068 119 RT Sylmar CA 17,~~177~~688.2505 1110,~~297~~787.8707 6.350% 410901117 120 OF Glendora CA 1516,~~703~~201.0589 4,~~900~~401.3248 5.830% 410901045 121 IN Newbury Park CA 1617,~~497~~022.8885 4,~~720~~195.9396 6.140% 600872329 122 SS Del Rey Oaks CA 15,~~126~~613.3867 32,~~446~~959.4314 5.700% 410901118 123 OF Seattle WA 1415,~~824~~294.7066 54,~~017~~547.6670 5.600% 410901079 124 MF Santa Cruz CA 14,~~417~~873.1078 54,~~043~~586.3365 5.500% 410901147 125 OF Albuquerque NM 1314,~~674~~114.6621 3,~~559~~119.0449 5.310% 850201125 126 RT Orlando FL 13,~~295~~722.3370 3,~~438~~011.4104 5.340% 600872348 127 RT Huntington NY 14,~~456~~922.3641 32,~~165~~699.3429 5.810% 600872330 128 RT Evanston IL 1314,~~855~~301.5755 32,~~310~~864.0911 5.570% 410901073 129 RT Redding CA 15,~~148~~630.3234 43,~~364~~882.5250 6.100% 410901049 130 OF San Diego CA 13,~~566~~985.8762 76,~~069~~651.7500 5.500% 600872331 131 RT Boca Raton FL 13,~~266~~687.3924 4,~~422~~001.8297 5.610% 410901075 132 IN Colorado Springs CO 13,~~001~~420.9554 32,~~072~~653.2667 5.600% 600872332 133 RT Sun City CA 1213,~~927~~327.8599 65,~~285~~885.3723 5.690% 310900948 134 IN Fountain Valley CA 13,~~330~~753.2053 43,~~065~~642.9461 6.000% 600872333 135 MF Chandler AZ 1112,~~829~~209.3962 32,~~034~~654.6441 5.390% 410901107 136 MF Missoula MT 1213,~~875~~257.4501 98,~~358~~976.1155 5.910% 410901056 137 MF El Cajon CA 12,~~287~~677.9170 43,~~021~~631.7596 5.720% 410901116 138 OF Sacramento CA 12,~~415~~809.4893 3,~~877~~483.5106 5.810% 600872334 139 IN San Diego CA 11,~~700~~657.9420 9,~~543~~586.2397 5.500% 410901100 140 MF Puyallup WA 11,~~308~~672.8261 2,~~807~~443.5879 5.450% 410901094 141 IN Burbank CA 1112,~~998~~379.4236 3,~~804~~423.8793 5.800% 410901065 142 RT Orlando FL 12,~~453~~822.6869 8,~~778~~409.0504 6.100% 410901043 143 OF Santa Fe Springs CA 12,~~265~~661.9993 2,~~486~~090.0612 6.040% 410901060 144 IN El Monte CA 11,~~579~~946.0030 3,~~789~~422.7242 5.720% 600872335 145 RT Goodyear AZ 11,~~016~~371.6421 2,~~655~~300.5093 5.530% 850201068 146 RT Salisbury MD 11,~~093~~445.8786 3,~~595~~243.7677 5.750% 600872336 147 RT Homestead PA 14,~~407~~858.4359 4,~~509~~058.6448 7.490% 600872337 148 RT Glenview IL 11,~~838~~817.6007 4,~~158~~180.8437 6.210% 410901070 149 IN San Bernardino Cou CA 1011,~~963~~288.7500 87,~~222~~897.0075 5.820% 600872338 150 RT Tarrytown NY 10,~~372~~706.9176 2,~~487~~153.1732 5.560% 700201120 151 RT Suffern NY 10,~~039~~357.0828 3,~~470~~152.8464 5.500% 850201117 152 MF Bloomfield NJ 11,~~593~~968.1108 21,~~096~~721.0811 6.350% 410901061 153 IN Salinas CA 10,~~466~~799.9413 3,~~373~~041.4021 5.750% 410901106 154 IN Chatsworth CA 1011,~~816~~137.6164 7,~~700~~379.7370 5.960% 310900845 155 MF Louisville KY 1112,~~733~~107.4749 2,~~985~~611.6563 6.650% 410901057 156 SS Apple Valley CA 10,~~021~~339.5852 32,~~282~~964.8086 5.700% 410901111 157 RT Marana AZ 910,~~831~~148.3759 21,~~056~~739.9775 5.920% 850201122 158 RT Ridgefield CT 9,~~547~~855.6438 21,~~123~~816.8208 5.750% 620901150 159 IN Van Nuys CA 9,~~209~~501.7678 32,~~131~~839.7876 5.550% 410900983 160 OF Wellington FL 910,~~693~~006.9395 1,~~934~~621.1917 6.070% 410901146 161 SS Bakersfield CA 8,~~670~~944.1292 2,~~997~~722.5474 5.500% 850201141 162 SS South Yarmouth MA 78,~~987~~253.6994 0.00 5.085% 600872339 163 MF Houston TX 9,~~680~~981.4555 43,~~042~~741.6757 6.200% 410901050 164 OF Claremont CA 8,~~366~~624.2446 4,~~359~~101.6846 5.500% 410901095 165 166 Various Sacramento CA 8,~~370~~636.9654 2,~~742~~476.1153 5.700% 600872340 167 IN Mangonia Park FL 8,~~683~~959.7053 2,~~623~~347.6986 6.030% 410901055 168 MF Castro Valley CA 8,~~211~~454.9337 6,~~320~~077.2581 5.750% 410901090 169 RT Costa Mesa CA 8,~~177~~441.7537 1,~~797~~533.0543 5.800% 410901099 170 MF Sonoma CA 7,~~304~~539.3843 1,~~780~~545.2419 5.500% 410901058 171 SS Apple Valley CA 7,~~427~~663.7641 2,~~433~~197.1348 5.700% 410901120 172 RT Portland OR 7,~~491~~729.3222 2,~~385~~147.6575 5.750% 410901123 173 MF West St. Paul MN 7,~~079~~298.1033 3,~~409~~190.3815 5.700% 410901072 174 IN Santa Fe Springs CA 7,~~011~~233.5692 2,~~334~~112.6024 5.650% 410901081 175 OF Hauppauge NY 7,~~224~~438.6747 5,~~336~~122.1434 5.880% 850201149 176 SS Bolingbrook IL 6,~~144~~349.3819 0.00 5.085% 410901093 177 RT Fresno CA 7,~~757~~999.6335 32,~~027~~785.5987 6.470% 600872341 178 RT Eagan MN 7,~~102~~322.0524 3,~~236~~015.0788 5.940% 410901083 179 RT Woodbury MN 7,~~372~~601.7493 32,~~079~~850.5334 6.250% 850201160 180 SS Wheeling IL 56,~~932~~130.5025 0.00 5.085% 410901134 181 RT Pasadena TX 67,~~914~~130.8713 2,~~808~~593.5832 6.300% 410901128 182 RT Sacramento CA 6,~~758~~973.1754 1,~~833~~618.6124 6.270% 410901113 183 MF Provo UT 6,~~078~~258.7229 4,~~688~~509.7922 5.710% 410901104 184 IN Murrieta CA 6,~~535~~745.6886 1,~~437~~227.3113 6.200% 410901163 185 IN Watertown CT 6,~~550~~745.3452 4,~~235~~040.6951 6.350% 410901110 186 IN Boise ID 6,~~236~~434.0178 1,~~687~~488.4467 6.260% 600872342 187 RT Chicago IL 56,~~978~~171.9496 1,~~215~~022.6765 6.000% 410901089 188 IN San Jose CA 56,~~959~~148.2877 1,~~772~~582.3485 6.000% 410901066 189 OF Sacramento CA 6,~~533~~737.9760 2,~~490~~287.7916 6.610% 410901076 190 RT Carson CA 5,~~735~~920.4137 1,~~233~~048.4347 5.860% 410901020 191 OF Las Vegas NV 56,~~940~~129.3879 1,~~576~~387.8746 6.340% 600872343 192 IN Brookfield WI 5,~~989~~981.3425 1,~~479~~487.2332 6.560% 410901069 193 IN Ontario CA 5,~~317~~486.9277 1,~~668~~500.8803 5.850% 410901105 194 IN Santa Monica CA 5,~~198~~352.7758 3,~~935~~781.7493 5.750% 310900936 195 IN Scottsdale AZ 5,~~105~~267.6669 1,~~602~~440.2118 5.911% 410901051 196 OF Upland CA 4,~~635~~778.3542 2,~~415~~272.4942 5.500% 410901092 197 RT Colorado Springs CO 5,~~216~~384.1886 ~~960~~791.5284 6.280% 850201120 198 OT Philadelphia PA 5,~~065~~229.9256 ~~994~~830.0339 6.100% 410901129 199 IN Buena Park CA 4,~~556~~701.6908 1,~~584~~439.1980 5.500% 410901048 200 MU Sacramento CA 45,~~981~~142.4724 ~~1,020~~859.4770 6.010% 410901088 201 MF Tucson AZ 5,~~272~~436.2432 21,~~118~~954.8779 6.390% 410901135 202 RT Pasadena TX 5,~~085~~244.7950 1,~~902~~744.9019 6.600% 410901087 203 MF Tucson AZ 3,~~777~~895.9567 1,~~457~~339.5684 6.540% Totals 5,~~462~~606,~~762~~927.4078 1,~~343~~227,~~916~~630.4789

Loan Anticipated Neg Beginning Ending Paid Number Repayment Maturity Amort Scheduled Scheduled Thru Date Date (Y/N) Balance Balance Date 600872350 N/A 04/08/2008 N 85,000,000.00 85,000,000.00 0910/08/2003 600872301 N/A 06/01/2016 N 73,~~665~~552,~~027~~300.8456 73,~~552~~439,~~300~~034.5607 1011/01/2003 700201093 N/A 05/01/2013 N 27,~~815~~789,~~601~~659.2528 27,~~789~~768,~~659~~556.2885 1011/01/2003 600872302 N/A 04/01/2023 N 1,~~978~~973,~~424~~857.7496 1,~~973~~969,~~857~~584.9605 1011/01/2003 600872303 N/A 04/01/2023 N 14,~~838~~803,~~185~~934.4553 14,~~803~~771,~~934~~880.5318 1011/01/2003 600872304 N/A 04/01/2023 N 9,~~892~~869,~~123~~289.6570 9,~~869~~847,~~289~~920.7014 1011/01/2003 850201139 N/A 05/01/2010 N 25,~~640~~610,~~564~~140.4271 25,~~610~~583,~~140~~267.7126 1011/01/2003 850201166 N/A 06/01/2013 N 23,000,000.00 23,000,000.00 0911/01/2003 310901067 N/A 04/01/2013 N 2221,~~051~~999,~~912~~584.2867 21,~~999~~950,~~584~~378.6728 1011/01/2003 850201186 N/A 07/01/2009 N 21,500,000.00 21,500,000.00 1011/01/2003 310901121 N/A 05/01/2013 N 19,500,000.00 19,500,000.00 1011/01/2003 600872305 N/A 06/01/2013 N 17,500,000.00 17,500,000.00 1011/01/2003 600872344 N/A 12/01/2012 N 16,~~854~~837,~~048~~169.2186 16,~~837~~823,~~169~~126.8672 0910/01/2003 310901139 N/A 07/01/2013 N 15,~~965~~945,~~358~~741.9772 15,~~945~~928,~~741~~227.7255 1011/01/2003 600872306 N/A 07/01/2013 N 15,~~951~~927,~~536~~132.8752 15,~~927~~902,~~132~~612.5225 1011/01/2003 850201174 N/A 07/01/2010 N 15,725,000.00 15,725,000.00 1011/01/2003 850201098 N/A 04/01/2013 N 15,~~523~~506,~~592~~633.2976 15,~~506~~492,~~633~~029.7606 1011/01/2003 310900360 N/A 04/01/2012 N 15,~~498~~466,~~801~~172.7985 15,~~466~~436,~~172~~485.8565 1011/01/2003 310901157 N/A 07/01/2013 N 15,~~469~~452,~~637~~051.2694 15,~~452~~436,~~051~~684.9456 1011/01/2003 850201128 N/A 05/01/2013 N 14,~~743~~727,~~827~~873.3381 14,~~727~~714,~~873~~164.8155 1011/01/2003 850201146 N/A 06/01/2013 N 14,~~657~~642,~~859~~136.9894 14,~~642~~628,~~136~~653.9461 1011/01/2003 600872307 N/A 05/03/2013 N 14,~~196~~180,~~167~~863.2798 14,~~180~~167,~~863~~729.9849 1011/03/2003 850201165 N/A 06/01/2010 N 14,000,000.00 14,000,000.00 1011/01/2003 850201187 N/A 09/01/2011 N 13,~~733~~720,~~954~~926.6099 13,~~720~~710,~~926~~491.9934 1011/01/2003 850201119 N/A 04/01/2010 N 13,200,000.00 13,200,000.00 1011/01/2003 850201134 N/A 05/01/2010 N 12,900,000.00 12,900,000.00 1011/01/2003 310901026 N/A 07/01/2010 N 12,~~548~~520,~~810~~963.4585 12,~~520~~495,~~963~~032.8538 10/01/2003 850201147 N/A 06/01/2010 N 11,075,000.00 11,075,000.00 1011/01/2003 850201178 N/A 07/01/2018 N 10,~~921~~880,~~581~~553.0751 10,~~880~~840,~~553~~902.5137 1011/01/2003 850201097 N/A 04/01/2013 N 10,~~916~~898,~~497~~599.5512 10,~~898~~882,~~599~~240.1255 1011/01/2003 600872345 N/A 12/01/2012 N 10,~~921~~911,~~175~~261.8567 10,~~911~~903,~~261~~337.6759 0910/01/2003 850201163 N/A 06/01/2013 N 10,~~813~~800,~~466~~193.4387 10,~~800~~788,~~193~~355.8792 1011/01/2003 600872308 N/A 03/01/2013 N 10,~~533~~520,~~209~~869.8524 10,~~520~~510,~~869~~023.2403 1011/01/2003 850201148 N/A 06/01/2010 N 10,300,000.00 10,300,000.00 1011/01/2003 310901179 N/A 07/01/2013 N 9,~~307~~297,~~611~~420.5705 9,~~297~~288,~~420~~614.0575 0911/01/2003 600872309 N/A 03/01/2013 N 9,~~146~~136,~~269~~209.9183 9,~~136~~127,~~209~~533.8381 1011/01/2003 600872310 N/A 03/01/2013 N 9,~~100~~090,~~235~~792.2416 9,~~090~~082,~~792~~804.1676 1011/01/2003 700200916 N/A 10/01/2012 N 9,~~058~~049,~~464~~177.6232 9,~~049~~041,~~177~~393.3219 1011/01/2003 600872311 N/A 05/01/2015 N 9,~~038~~021,~~284~~509.5917 9,~~021~~006,~~509~~174.1776 1011/01/2003 600872312 N/A 05/05/2013 N 8,~~951~~937,~~123~~655.6239 8,~~937~~925,~~655~~580.3998 0910/05/2003 700201133 N/A 07/01/2013 N 8,900,000.00 8,900,000.00 1011/01/2003 700201053 N/A 02/01/2013 N 8,~~837~~827,~~323~~799.4922 8,~~827~~819,~~799~~648.2280 1011/01/2003 850201157 N/A 06/01/2013 N 8,608,400.00 8,608,400.00 1011/01/2003 850201111 N/A 05/01/2013 N 8,~~468~~459,~~746~~813.9947 8,~~459~~452,~~813~~200.4788 1011/01/2003 850201156 N/A 06/01/2013 N 8,423,850.00 8,423,850.00 1011/01/2003 850201154 N/A 06/01/2010 N 8,015,000.00 8,015,000.00 1011/01/2003 310901064 N/A 04/01/2013 N 7,800,000.00 7,800,000.00 1011/01/2003 310901101 N/A 04/01/2013 N 7,~~743~~735,~~402~~224.5142 7,~~735~~728,~~224~~259.4228 1011/01/2003 850201137 N/A 05/01/2013 N 7,~~473~~465,~~136~~415.4453 7,~~465~~458,~~415~~883.5317 1011/01/2003 600872313 N/A 04/01/2013 N 7,~~462~~454,~~524~~233.4385 7,~~454~~447,~~233~~056.8513 1011/01/2003 850201115 N/A 04/01/2013 N 7,~~351~~341,~~960~~436.0700 7,~~341~~332,~~436~~131.0067 1011/01/2003 310900825 N/A 04/01/2013 N 6,~~926~~910,~~226~~568.5629 6,~~910~~895,~~568~~969.2918 1011/01/2003 610901155 N/A 07/01/2010 N 6,~~848~~822,~~953~~372.4300 6,~~822~~796,~~372~~583.0085 1011/01/2003 600872314 N/A 12/01/2012 N 6,~~512~~501,~~305~~873.1625 6,~~501~~492,~~873~~416.25 10 11/01/2003 310901007 N/A 04/01/2013 N 6,~~449~~439,~~987~~285.0035 6,~~439~~429,~~285~~479.3534 1011/01/2003 850201189 N/A 08/01/2013 N 6,~~167~~159,~~984~~802.9986 6,~~159~~152,~~802~~701.8674 1011/01/2003 850201112 N/A 04/01/2018 N 6,~~089~~066,~~661~~743.5827 6,~~066~~044,~~743~~632.2759 1011/01/2003 850201114 N/A 04/01/2013 N 6,~~027~~020,~~598~~505.3454 6,~~020~~014,~~505~~259.5470 1011/01/2003 310900793 N/A 05/01/2013 N 5,~~874~~867,~~951~~891.7187 5,~~867~~861,~~891~~755.8786 1011/01/2003 600872315 N/A 06/05/2013 N 5,~~780~~772,~~110~~904.7787 5,~~772~~766,~~904~~452.8722 0910/05/2003 610901174 N/A 07/01/2013 N 5,500,000.00 5,500,000.00 1011/01/2003 700201113 N/A 06/08/2013 N 5,~~483~~477,~~538~~443.6615 5,~~477~~472,~~443~~156.1553 0910/08/2003 600872316 N/A 06/01/2013 N 5,~~474~~464,~~101~~879.6747 5,~~464~~456,~~879~~390.4783 1011/01/2003 600872317 N/A 04/01/2013 N 5,~~476~~471,~~566~~235.4463 5,~~471~~466,~~235~~828.6340 1011/01/2003 600872318 N/A 05/01/2013 N 5,~~469~~461,~~586~~230.1973 5,~~461~~453,~~230~~711.7386 1011/01/2003 850201055 N/A 02/01/2013 N 5,~~458~~452,~~309~~015.3336 5,~~452~~446,~~015~~514.3652 1011/01/2003 310901140 N/A 06/01/2013 N 5,~~434~~428,~~233~~360.2811 5,~~428~~423,~~360~~311.1124 1011/01/2003 310900905 N/A 05/01/2023 N 5,~~407~~396,~~744~~311.0208 5,~~396~~385,~~311~~780.0871 1011/01/2003 600872319 N/A 03/01/2013 N 5,400,000.00 5,400,000.00 1011/01/2003 310901062 N/A 02/01/2010 N 4,~~963~~957,~~258~~697.9012 4,~~957~~952,~~697~~877.1292 1011/01/2003 310901130 N/A 06/01/2013 N 4,900,000.00 4,900,000.00 1011/01/2003 700201088 N/A 04/01/2013 N 4,~~875~~870,~~731~~355.9146 4,~~870~~865,~~355~~711.4653 1011/01/2003 850201133 N/A 05/01/2013 N 4,~~862~~852,~~916~~846.5019 4,~~852~~843,~~846~~610.1982 1011/01/2003 850201142 N/A 06/01/2013 N 4,850,000.00 4,850,000.00 1011/01/2003 310901131 N/A 06/01/2013 N 4,750,000.00 4,750,000.00 1011/01/2003 850201164 N/A 06/01/2018 N 4,~~735~~730,~~783~~519.3908 4,~~730~~725,~~519~~953.0836 1011/01/2003 600872321 N/A 04/01/2023 N 4,~~582~~571,~~087~~895.2153 4,~~571~~562,~~895~~421.5398 1011/01/2003 600872347 N/A 03/01/2013 N 4,~~574~~570,~~923~~167.3206 4,~~570~~566,~~167~~141.0633 0910/01/2003 310901102 N/A 05/01/2013 N 4,~~481~~476,~~739~~619.2463 4,~~476~~472,~~619~~146.6307 1011/01/2003 850201161 N/A 06/01/2018 N 4,~~453~~436,~~147~~920.4986 4,~~436~~421,~~920~~308.8670 1011/01/2003 850201121 N/A 05/01/2013 N 4,~~434~~430,~~757~~333.4199 4,~~430~~426,~~333~~638.9978 0911/01/2003 310901063 N/A 04/01/2010 N 4,300,000.00 4,300,000.00 1011/01/2003 310901112 N/A 06/01/2013 N 4,~~287~~283,~~701~~110.5086 4,~~283~~279,~~110~~176.8658 1011/01/2003 600872322 N/A 05/01/2013 N 1,~~692~~690,~~796~~193.2755 1,~~690~~687,~~193~~846.5508 1011/01/2003 600872323 N/A 05/01/2013 N 2,~~495~~492,~~919~~060.2504 2,~~492~~488,~~060~~577.0407 1011/01/2003 850201172 N/A 07/01/2013 N 4,~~181~~171,~~329~~321.9986 4,~~171~~161,~~321~~878.8626 1011/01/2003 600872324 N/A 06/05/2013 N 4,~~185~~180,~~597~~379.4235 4,~~180~~175,~~379~~706.3573 0910/05/2003 600872325 N/A 04/03/2013 N 4,~~179~~174,~~382~~808.8357 4,~~174~~170,~~808~~866.5786 1011/03/2003 310901034 N/A 04/01/2010 N 4,~~117~~111,~~961~~108.0131 4,~~111~~104,~~108~~825.3117 1011/01/2003 850201167 N/A 06/01/2013 N 4,000,000.00 4,000,000.00 1011/01/2003 850201138 N/A 05/01/2013 N 3,~~984~~979,~~098~~623.5911 3,~~979~~975,~~623~~731.1191 1011/01/2003 850201124 N/A 05/01/2013 N 3,~~983~~979,~~620~~035.0854 3,~~979~~975,~~035~~020.5482 1011/01/2003 850201153 N/A 06/01/2013 N 3,~~873~~863,~~191~~803.1385 3,~~863~~854,~~803~~934.8500 1011/01/2003 600872326 N/A 04/01/2013 N 3,~~874~~868,~~318~~703.0389 3,~~868~~863,~~703~~723.8994 1011/01/2003 310901059 N/A 03/01/2008 N 3,~~817~~811,~~136~~163.42 3,~~811~~805,~~163~~765.4248 1011/01/2003 600872327 N/A 05/01/2023 N 3,~~767~~758,~~612~~966.3489 3,~~758~~750,~~966~~878.8946 1011/01/2003 850201140 N/A 05/01/2013 N 3,765,000.00 3,765,000.00 1011/01/2003 850201143 N/A 06/01/2013 N 3,650,000.00 3,650,000.00 1011/01/2003 600872328 N/A 06/01/2013 N 3,~~555~~549,~~084~~684.4424 3,~~549~~544,~~684~~827.2495 1011/01/2003 700201159 N/A 08/08/2013 N 3,~~496~~493,~~857~~146.1928 3,~~493~~489,~~146~~969.2889 0910/08/2003 410901098 N/A 05/01/2013 N 3,~~467~~458,~~186~~534.7894 3,~~458~~450,~~534~~327.9440 1011/01/2003 410901077 N/A 04/01/2013 N 3,~~433~~429,~~475~~794.8262 3,~~429~~426,~~794~~643.6260 1011/01/2003 410900192 N/A 01/01/2008 N 3,~~336~~331,~~404~~268.0773 3,~~331~~326,~~268~~654.73 10 11/01/2003 410901145 N/A 07/01/2008 N 3,~~290~~285,~~706~~524.6012 3,~~285~~280,~~524~~819.1284 1011/01/2003 410901068 N/A 04/01/2018 N 3,~~246~~234,~~094~~796.2942 3,~~234~~224,~~796~~009.4235 1011/01/2003 410901117 N/A 05/01/2013 N 3,~~232~~227,~~189~~289.6331 3,~~227~~222,~~289~~887.3183 1011/01/2003 410901045 N/A 03/01/2013 N 3,~~224~~219,~~342~~621.2633 3,~~219~~215,~~621~~425.3337 10/01/2003 600872329 N/A 04/01/2013 N 3,~~184~~181,~~500~~054.5714 3,~~181~~178,~~054~~095.1400 1011/01/2003 410901118 N/A 04/01/2013 N 3,~~176~~171,~~721~~703.4478 3,~~171~~167,~~703~~156.7808 1011/01/2003 410901079 N/A 04/01/2013 N 3,~~145~~140,~~549~~505.0168 3,~~140~~135,~~505~~919.6803 1011/01/2003 410901147 N/A 06/01/2013 N 3,~~090~~086,~~319~~760.6864 3,~~086~~083,~~760~~641.6415 1011/01/2003 850201125 N/A 05/01/2013 N 2,~~987~~984,~~715~~276.0564 2,~~984~~981,~~276~~265.6460 1011/01/2003 600872348 N/A 04/01/2013 N 2,~~985~~982,~~823~~658.9561 2,~~982~~979,~~658~~959.6132 0910/01/2003 600872330 N/A 04/01/2013 N 2,~~985~~981,~~042~~732.8980 2,~~981~~978,~~732~~868.8069 1011/01/2003 410901073 N/A 04/01/2008 N 2,~~979~~975,~~997~~633.8028 2,~~975~~971,~~633~~750.2878 1011/01/2003 410901049 N/A 03/01/2013 N 2,~~960~~952,~~045~~975.0126 2,~~952~~946,~~975~~324.26 1011/01/2003 600872331 N/A 06/01/2013 N 2,~~837~~833,~~730~~307.6583 2,~~833~~829,~~307~~305.8386 1011/01/2003 410901075 N/A 04/01/2013 N 2,~~786~~783,~~132~~060.5226 2,~~783~~780,~~060~~406.2659 1011/01/2003 600872332 N/A 05/01/2023 N 2,~~726~~720,~~436~~151.7942 2,~~720~~714,~~151~~266.4219 1011/01/2003 310900948 N/A 12/01/2012 N 2,~~666~~661,~~039~~973.5359 2,~~661~~658,~~973~~330.5998 1011/01/2003 600872333 N/A 03/01/2013 N 2,~~633~~630,~~631~~596.2460 2,~~630~~627,~~596~~942.6019 1011/01/2003 410901107 N/A 05/01/2018 N 2,~~614~~604,~~304~~946.8978 2,~~604~~595,~~946~~970.7823 1011/01/2003 410901056 N/A 03/01/2013 N 2,~~577~~573,~~884~~862.0025 2,~~573~~570,~~862~~230.2529 1011/01/2003 410901116 N/A 06/01/2013 N 2,~~564~~560,~~298~~421.6211 2,~~560~~556,~~421~~938.1105 1011/01/2003 600872334 N/A 04/01/2018 N 2,~~552~~543,~~933~~389.0178 2,~~543~~533,~~389~~802.7881 1011/01/2003 410901100 N/A 05/01/2013 N 2,~~490~~487,~~015~~208.9638 2,~~487~~484,~~208~~764.3859 1011/01/2003 410901094 N/A 04/01/2013 N 2,~~482~~478,~~431~~626.0619 2,~~478~~475,~~626~~202.1926 1011/01/2003 410901065 N/A 03/01/2018 N 2,~~449~~441,~~903~~125.6156 2,~~441~~432,~~125~~716.5652 1011/01/2003 410901043 N/A 03/01/2013 N 2,~~436~~434,~~952~~466.6155 2,~~434~~432,~~466~~376.5543 1011/01/2003 410901060 N/A 03/01/2013 N 2,~~429~~425,~~159~~370.9119 2,~~425~~421,~~370~~947.1977 1011/01/2003 600872335 N/A 05/01/2013 N 2,~~390~~387,~~589~~934.9747 2,~~387~~385,~~934~~633.4754 1011/01/2003 850201068 N/A 03/01/2013 N 2,~~315~~311,~~242~~646.3660 2,~~311~~308,~~646~~402.6083 1011/01/2003 600872336 N/A 11/01/2012 N 2,~~308~~303,~~266~~756.3268 2,~~303~~299,~~756~~698.6820 1011/01/2003 600872337 N/A 06/01/2020 N 2,~~287~~283,~~651~~492.5066 2,~~283~~279,~~492~~312.6629 1011/01/2003 410901070 N/A 04/01/2018 N 2,~~260~~252,~~567~~345.31 2,~~252~~244,~~345~~447.3156 1011/01/2003 600872338 N/A 04/01/2013 N 2,~~238~~236,~~757~~270.3417 2,~~236~~234,~~270~~116.1785 1011/01/2003 700201120 N/A 06/01/2013 N 2,~~190~~186,~~345~~874.2945 2,~~186~~183,~~874~~721.4581 1011/01/2003 850201117 N/A 04/01/2018 N 2,~~190~~188,~~823~~727.1608 2,~~188~~187,~~727~~005.0897 1011/01/2003 410901061 N/A 04/01/2013 N 2,~~184~~181,~~404~~031.6626 2,~~181~~177,~~031~~990.2605 1011/01/2003 410901106 N/A 06/01/2018 N 2,~~177~~170,~~841~~140.2249 2,~~170~~162,~~140~~760.4979 1011/01/2003 310900845 N/A 09/01/2012 N 2,~~117~~114,~~318~~332.6095 2,~~114~~111,~~332~~721.9532 0911/01/2003 410901057 N/A 04/01/2008 N 2,~~109~~106,~~805~~522.4767 2,~~106~~103,~~522~~557.6781 1011/01/2003 410901111 N/A 05/01/2013 N 1,~~992~~990,~~844~~787.9497 1,~~990~~989,~~787~~048.9722 1011/01/2003 850201122 N/A 05/01/2013 N 1,~~992~~990,~~550~~426.2341 1,~~990~~988,~~426~~610.4133 1011/01/2003 620901150 N/A 06/01/2013 N 1,~~991~~988,~~299~~167.1335 1,~~988~~985,~~167~~327.3559 1011/01/2003 410900983 N/A 04/01/2013 N 1,~~916~~914,~~427~~493.6445 1,~~914~~912,~~493~~872.4528 1011/01/2003 410901146 N/A 06/01/2008 N 1,~~891~~888,~~661~~664.8430 1,~~888~~885,~~664~~941.3056 1011/01/2003 850201141 N/A 05/01/2013 N 1,885,000.00 1,885,000.00 1011/01/2003 600872339 N/A 06/03/2023 N 1,~~873~~869,~~635~~592.2457 1,~~869~~865,~~592~~851.5700 1011/03/2003 410901050 N/A 03/01/2013 N 1,~~825~~821,~~361~~001.0638 1,~~821~~816,~~001~~899.3892 1011/01/2003 410901095 N/A 04/01/2013 N 1,~~762~~759,~~308~~565.1099 1,~~759~~757,~~565~~089.9946 10/01/2003 600872340 N/A 12/01/2012 N 1,~~728~~725,~~099~~475.1445 1,~~725~~723,~~475~~127.4559 1011/01/2003 410901055 N/A 03/01/2018 N 1,~~713~~707,~~794~~474.3207 1,~~707~~701,~~474~~396.0726 1011/01/2003 410901090 N/A 04/01/2013 N 1,~~691~~690,~~948~~151.7772 1,~~690~~688,~~151~~618.7229 0911/01/2003 410901099 N/A 05/01/2013 N 1,~~593~~591,~~683~~902.1490 1,~~591~~590,~~902~~357.9071 1011/01/2003 410901058 N/A 04/01/2008 N 1,~~563~~561,~~738~~305.1805 1,~~561~~559,~~305~~107.0557 1011/01/2003 410901120 N/A 06/01/2013 N 1,~~563~~561,~~405~~019.5893 1,~~561~~558,~~019~~872.9318 1011/01/2003 410901123 N/A 06/01/2013 N 1,~~490~~486,~~336~~926.1274 1,~~486~~483,~~926~~736.7459 1011/01/2003 410901072 N/A 04/01/2013 N 1,~~489~~486,~~181~~846.5898 1,~~486~~484,~~846~~734.9874 1011/01/2003 410901081 N/A 04/01/2013 N 1,~~474~~469,~~422~~086.4329 1,~~469~~463,~~086~~963.2995 1011/01/2003 850201149 N/A 06/01/2013 N 1,450,000.00 1,450,000.00 1011/01/2003 410901093 N/A 05/01/2013 N 1,~~438~~435,~~819~~791.3475 1,~~435~~433,~~791~~005.7588 1011/01/2003 600872341 N/A 04/01/2013 N 1,~~434~~431,~~758~~522.0801 1,~~431~~428,~~522~~506.0113 1011/01/2003 410901083 N/A 04/01/2013 N 1,~~415~~412,~~566~~487.8431 1,~~412~~409,~~487~~636.3197 10/01/2003 850201160 N/A 06/01/2013 N 1,400,000.00 1,400,000.00 1011/01/2003 410901134 N/A 06/01/2013 N 1,~~317~~314,~~118~~309.2971 1,~~314~~311,~~309~~716.7139 1011/01/2003 410901128 N/A 05/01/2013 N 1,~~293~~291,~~428~~595.8120 1,~~291~~289,~~595~~976.2096 1011/01/2003 410901113 N/A 04/01/2013 N 1,~~277~~272,~~489~~800.3253 1,~~272~~268,~~800~~291.5331 1011/01/2003 410901104 N/A 05/01/2013 N 1,~~264~~263,~~970~~533.4009 1,~~263~~262,~~533~~305.0996 1011/01/2003 410901163 N/A 06/01/2018 N 1,~~237~~233,~~859~~623.2859 1,~~233~~229,~~623~~583.5908 1011/01/2003 410901110 N/A 06/01/2013 N 1,~~195~~193,~~401~~713.1672 1,~~193~~192,~~713~~225.7205 1011/01/2003 600872342 N/A 05/01/2013 N 1,~~195~~194,~~788~~573.7205 1,~~194~~193,~~573~~550.0540 1011/01/2003 410901089 N/A 04/01/2013 N 1,~~191~~190,~~856~~084.6733 1,~~190~~188,~~084~~501.3348 1011/01/2003 410901066 N/A 03/01/2023 N 1,~~186~~183,~~198~~707.1031 1,~~183~~181,~~707~~420.3115 1011/01/2003 410901076 N/A 04/01/2013 N 1,~~174~~173,~~486~~253.7633 1,~~173~~172,~~253~~204.3386 1011/01/2003 410901020 N/A 05/01/2013 N 1,~~124~~122,~~362~~785.4255 1,~~122~~121,~~785~~398.5509 1011/01/2003 600872343 N/A 06/05/2018 N 1,~~095~~094,~~610~~131.3815 1,~~094~~092,~~131~~643.1583 0910/05/2003 410901069 N/A 03/01/2013 N 1,~~090~~089,~~854~~185.7991 1,~~089~~087,~~185~~685.9188 1011/01/2003 410901105 N/A 05/01/2018 N 1,~~084~~081,~~961~~025.3056 1,~~081~~077,~~025~~243.5663 1011/01/2003 310900936 N/A 12/01/2012 N 1,~~036~~034,~~593~~991.6443 1,~~034~~033,~~991~~551.4325 1011/01/2003 410901051 N/A 03/01/2013 N 1,~~011~~008,~~348~~933.7425 1,~~008~~006,~~933~~660.2583 1011/01/2003 410901092 N/A 05/01/2013 N ~~996,723.07~~ 995,762.55 10994,970.71 11/01/2003 850201120 N/A 05/01/2013 N ~~996,574.69~~ 995,580.66 10994,750.27 11/01/2003 410901129 N/A 05/01/2013 N ~~994,186.87~~ 992,602.68 10991,162.88 11/01/2003 410901048 N/A 03/01/2013 N ~~994,636.89~~ 993,616.42 10992,756.72 11/01/2003 410901088 N/A 04/01/2013 N ~~990,092.27~~ 987,973.40 10986,018.61 11/01/2003 410901135 N/A 06/01/2013 N ~~924,688.89~~ 922,785.99 10921,041.80 11/01/2003 410901087 N/A 04/01/2013 N ~~693,201.88~~ 691,744.32 10690,404.48 11/01/2003 Totals 1,~~193~~192,~~664~~320,~~367~~450.3689 1,~~192~~191,~~320~~092,~~450~~820.8901 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 11/13/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 10/14/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 09/15/2003 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 11/13/2003 0 $0.00 0 $0.00 10/14/2003 0 $0.00 0 $0.00 09/15/2003 0 $0.00 0 $0.00

Rate and Maturities Distribution Next Weighted Avg. WAM Date Coupon Remit 11/13/2003 5.491218% 5.436827% 113 10/14/2003 5.491472% 5.437081% 114 09/15/2003 5.491757% 5.437366% 115 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

Delinquency Loan Detail Loan Offering # Of Current Outstanding Status Of Number Document Months Paid Through P&I P&I Mortgage Cross-Reference Delinq. Date Advances Advances Loan ~~850201166~~600872344 914 0 0910/01/2003 88102,~~741~~775.6703 88102,~~741~~775.6703 B ~~600872344~~310901026 1429 0 0910/01/2003 ~~102~~89,~~834~~221.0046 ~~102~~89,~~834~~221.0046 BA 600872345 33 0 0910/01/2003 70,~~162~~124.6734 70,~~162~~124.6734 BA ~~310901179 37 0 09/01/2003 53,006.53 53,006.53 B~~ 600872312 42 0 0910/05/2003 57,~~104~~097.9685 57,~~104~~097.9685 BA 600872315 74 0 0910/05/2003 30,~~567~~562.1855 30,~~567~~562.1855 BA 600872347 92 0 0910/01/2003 26,~~906~~890.5152 26,~~906~~890.5152 BA ~~850201121~~600872324 95101 0 0910/0105/2003 2622,~~781~~131.9950 2622,~~781~~131.9950 BA ~~600872324~~410901045 ~~101~~121 0 0910/0501/2003 2221,~~134~~080.8618 2221,~~134~~080.8618 BA 600872348 127 0 0910/01/2003 17,~~298~~287.2381 17,~~298~~287.2381 BA ~~310900845~~410901095 ~~155~~165 166 0 0910/01/2003 1410,~~542~~961.6855 1410,~~542~~961.6855 BA ~~410901090~~410901083 ~~169~~179 0 0910/01/2003 910,~~763~~269.3182 910,~~763~~269.3182 BA 600872343 192 0 0910/05/2003 7,441.1822 7,441.1822 BA Totals 1312 ~~527~~465,~~285~~843.7783 ~~527~~465,~~285~~843.7783 Delinquency Loan Detail Loan Actual Outstanding Number Principal Servicing Balance Advances ~~850201166 23,000,000.00 0.00~~ 600872344 16,~~854~~837,~~048~~169.2186 0.00 ~~600872345~~310901026 1012,~~921~~520,~~175~~963.85 0.00 ~~310901179~~600872345 910,~~307~~911,~~611~~261.5767 0.00 600872312 8,~~951~~937,~~123~~655.6239 0.00 600872315 5,~~780~~772,~~110~~904.7787 0.00 600872347 4,~~574~~570,~~923~~167.3206 0.00 ~~850201121~~600872324 4,~~434~~180,~~757~~379.4035 0.00 ~~600872324~~410901045 43,~~185~~219,~~597~~621.4233 0.00 600872348 2,~~985~~982,~~823~~658.9561 0.00 ~~310900845~~410901095 21,~~117~~759,~~318~~566.5900 0.00 ~~410901090~~410901083 1,~~691~~412,~~948~~487.7731 0.00 600872343 1,~~095~~094,~~610~~131.3815 0.00 Totals 9574,~~900~~198,~~049~~966.8545 0.00 Current Outstanding Actual Outstanding P&I P&I Principal Servicing Totals By Delinquency Code: Advances Advances Balance Advances Totals for Status Code = A (11 Loans) 363,068.80 363,068.80 57,361,796.59 0.00 Totals for Status Code = B (131 Loans) ~~527~~102,~~285~~775.7703 ~~527~~102,~~285~~775.7703 9516,~~900~~837,~~049~~169.8586 0.00 (1) Status of Mortgage Loan A- Payment Not Received 0- Current 4- Assumed Scheduled Payment But Still in Grace Period 1- One Month Delinquent (Performing Matured Balloon) B- Late Payment But Less 2- Two Months Delinquent 7- Forclosure Than 1 Month Delinquent 3- Three or More Months Delinquent 9- Reo (2) Resolution Strategy Code 1- Modifications 6- DPO 10- Deed in Lieu of 2- Foreclosure 7- REO Foreclosure 3- Bankruptcy 8- Resolved 11- Full Payoff 4- Extension 9- Pending Return 12- Reps and Warranties 5- Note sale to Master Servicer 13- Other or TBD 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

Filing Compare · MORGAN STANLEY DEAN WITTER CAPITAL I INC TRUST 2003-TOP 11