8-K 1 gmc03c2.txt JANUARY 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 : January 12, 2004 (Date of earliest event reported) Commission File No.: 333-107510-01 GMAC Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2003-C2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2123739 54-2123740 54-2123738 54-6553638 (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 January 12, 2004 a distribution was made to holders of GMAC Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2003-C2 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-C2, relating to the January 12, 2004 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. GMAC Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2003-C2 By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: Janaury 22, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2003-C2, relating to the Janaury 12, 2004 distribution. EX-99.1 Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Rd Columbia, MD 21045-1951 GMAC Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2003-C2 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 01/12/2004 Record Date: 12/31/2003 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 - 13 Principal Prepayment Detail 14 Historical Detail 15 Delinquency Loan Detail 16 - 17 Specially Serviced Loan Detail 18 - 19 Modified Loan Detail 20 Liquidated Loan Detail 21 Depositor GMAC Commercial Mortgage Securities, Inc. 200 Witmer Road Horsham, PA 19044 Contact: Karen Repeckyj Phone Number: (215) 328-1259 Master Servicer GMAC Commercial Mortgage Corporation 200 Witmer Road Horsham, PA 19044 Contact: Darri Cunningham Phone Number: (215) 328-1784 Special Servicer GMAC Commercial Mortgage Corporation 550 California Street, 12th Floor San Francisco, CA 94104 Contact: Henry Bieber Phone Number: (415) 835-9200 This report has been compiled from information provided to Wells Fargo Bank MN, N.A. by various third parties, which may include the Servicer, 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 361849YT3 4.576000% 589,963,000.00 ~~587~~585,~~780~~579,~~934~~013.24 1,~~025~~035,~~777~~937.5174 A-2 361849YU0 5.~~445953~~445941% 471,610,000.00 471,610,000.00 0.00 B 361849YV8 5.~~461953~~461941% 40,333,000.00 40,333,000.00 0.00 C 361849YW6 5.~~461953~~461941% 16,133,000.00 16,133,000.00 0.00 D 361849YX4 5.~~461953~~461941% 30,654,000.00 30,654,000.00 0.00 E 361849YY2 5.~~461953~~461941% 16,133,000.00 16,133,000.00 0.00 F 361849ZB1 5.~~461953~~461941% 20,973,000.00 20,973,000.00 0.00 G 361849ZC9 5.~~461953~~461941% 11,294,000.00 11,294,000.00 0.00 H 361849ZD7 5.~~461953~~461941% 16,133,000.00 16,133,000.00 0.00 J 361849ZE5 5.~~461953~~461941% 20,973,000.00 20,973,000.00 0.00 K 361849ZF2 5.~~461953~~461941% 8,067,000.00 8,067,000.00 0.00 L 361849ZG0 5.~~461953~~461941% 8,067,000.00 8,067,000.00 0.00 M 361849ZH8 5.~~461953~~461941% 9,680,000.00 9,680,000.00 0.00 N 361849ZJ4 5.~~461953~~461941% 4,840,000.00 4,840,000.00 0.00 O 361849ZK1 5.~~461953~~461941% 4,840,000.00 4,840,000.00 0.00 P 361849ZL9 5.~~461953~~461941% 20,973,634.29 20,973,634.28 0.00 R-1 N/A 0.000000% 0.00 0.00 0.00 R-2 N/A 0.000000% 0.00 0.00 0.00 R-3 N/A 0.000000% 0.00 0.00 0.00 Totals 1,290,666,634.29 1,~~288~~286,~~484~~282,~~568~~647.52 1,~~025~~035,~~777~~937.5174

Class CUSIP Interest Prepayment Realized Loss/ Total Ending Current Distribution Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level(1) A-1 361849YT3 2,~~241~~233,~~404~~007.6397 0.00 0.00 3,~~267~~268,~~182~~945.1471 ~~586~~584,~~755~~543,~~156~~075.7350 17.7982% A-2 361849YU0 2,140,~~304~~300.7523 0.00 0.00 2,140,~~304~~300.7523 471,610,000.00 17.7982% B 361849YV8 183,580.7839 0.00 0.00 183,580.7839 40,333,000.00 14.6669% C 361849YW6 73,431.4025 0.00 0.00 73,431.4025 16,133,000.00 13.4143% D 361849YX4 139,525.5829 0.00 0.00 139,525.5829 30,654,000.00 11.0305% E 361849YY2 73,431.4025 0.00 0.00 73,431.4025 16,133,000.00 9.7779% F 361849ZB1 95,461.2808 0.00 0.00 95,461.2808 20,973,000.00 8.1516% G 361849ZC9 51,~~406~~405.0897 0.00 0.00 51,~~406~~405.0897 11,294,000.00 7.2728% H 361849ZD7 73,431.4025 0.00 0.00 73,431.4025 16,133,000.00 6.0103% J 361849ZE5 95,461.2808 0.00 0.00 95,461.2808 20,973,000.00 4.39% K 361849ZF2 36,717.9890 0.00 0.00 36,717.9890 8,067,000.00 3.7677% L 361849ZG0 36,717.9890 0.00 0.00 36,717.9890 8,067,000.00 3.1314% M 361849ZH8 44,059.7566 0.00 0.00 44,059.7566 9,680,000.00 2.3839% N 361849ZJ4 22,029.8883 0.00 0.00 22,029.8883 4,840,000.00 2.01% O 361849ZK1 22,029.8883 0.00 0.00 22,029.8883 4,840,000.00 1.63% P 361849ZL9 95,~~464~~463.1696 0.00 0.00 95,~~464~~463.1696 20,973,634.28 0.00% R-1 N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-2 N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-3 N/A 0.00 0.00 0.00 0.00 0.00 0.00% Totals 5,~~424~~416,~~458~~054.2184 0.00 0.00 6,~~450~~451,~~235~~992.7258 1,~~287~~285,~~458~~246,~~791~~709.0178

Original Beginning Pass-Through Notional Notional Class CUSIP Rate Amount Amount X-1 361849YZ9 0.~~045086~~043646% 1,290,666,634.29 1,~~288~~286,~~484~~282,~~568~~647.52 X-2 361849ZA3 0.~~388713~~388709% 1,209,629,000.00 1,209,629,000.00

Ending Interest Prepayment Total Notional Class CUSIP Distribution Penalties Distribution Amount X-1 361849YZ9 4846,~~410~~784.9526 0.00 4846,~~410~~784.9526 1,~~287~~285,~~458~~246,~~791~~709.0178 X-2 361849ZA3 391,~~832~~827.2264 0.00 391,~~832~~827.2264 1,209,629,000.00 (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 Realized Loss/ Beginning Principal Interest Prepayment Additional Trust Ending Class CUSIP Balance Distribution Distribution Penalties Fund Expenses Balance A-1 361849YT3 ~~996~~992.~~30135151~~56904796 1.~~73871499~~75593680 3.~~79922916~~78499664 0.00000000 0.00000000 ~~994~~990.~~56263652~~81311116 A-2 361849YU0 1,000.00000000 0.00000000 4.~~53829382~~53828424 0.00000000 0.00000000 1,000.00000000 B 361849YV8 1,000.00000000 0.00000000 4.~~55162720~~55161753 0.00000000 0.00000000 1,000.00000000 C 361849YW6 1,000.00000000 0.00000000 4.~~55162710~~55161780 0.00000000 0.00000000 1,000.00000000 D 361849YX4 1,000.00000000 0.00000000 4.~~55162719~~55161773 0.00000000 0.00000000 1,000.00000000 E 361849YY2 1,000.00000000 0.00000000 4.~~55162710~~55161780 0.00000000 0.00000000 1,000.00000000 F 361849ZB1 1,000.00000000 0.00000000 4.~~55162733~~55161779 0.00000000 0.00000000 1,000.00000000 G 361849ZC9 1,000.00000000 0.00000000 4.~~55162741~~55161767 0.00000000 0.00000000 1,000.00000000 H 361849ZD7 1,000.00000000 0.00000000 4.~~55162710~~55161780 0.00000000 0.00000000 1,000.00000000 J 361849ZE5 1,000.00000000 0.00000000 4.~~55162733~~55161779 0.00000000 0.00000000 1,000.00000000 K 361849ZF2 1,000.00000000 0.00000000 4.~~55162762~~55161770 0.00000000 0.00000000 1,000.00000000 L 361849ZG0 1,000.00000000 0.00000000 4.~~55162762~~55161770 0.00000000 0.00000000 1,000.00000000 M 361849ZH8 1,000.00000000 0.00000000 4.~~55162707~~55161777 0.00000000 0.00000000 1,000.00000000 N 361849ZJ4 1,000.00000000 0.00000000 4.~~55162810~~55161777 0.00000000 0.00000000 1,000.00000000 O 361849ZK1 1,000.00000000 0.00000000 4.~~55162810~~55161777 0.00000000 0.00000000 1,000.00000000 P 361849ZL9 999.99999952 0.00000000 4.~~55162699~~55161746 0.00000000 0.00000000 999.99999952 R-1 N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 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 361849YZ9 ~~998~~996.~~30934983~~60331595 0.~~03750848~~03624814 0.00000000 ~~997~~995.~~51458417~~80067822 X-2 361849ZA3 1,000.00000000 0.~~32392760~~32392381 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding ~~12,974~~0.1800 Servicing Advances Outstanding ~~129,155~~0.2500 Reimbursement for Interest on P & I 0.00 Advances paid from general collections Reimbursement for Interest on Servicing 0.00 Advances paid from general collections

Servicing Fee Summary Current Period Accrued Master Servicing Fees 72,~~203~~081.6551 Less Master Servicing Fees on Delinquent Payments 5530,~~826~~376.1057 Less Reductions to Master Servicing Fees 0.00 Plus Master Servicing Fees for Delinquent Payments Received 3439,~~021~~508.0828 Plus Adjustments for Prior Master Servicing Calculation 0.00 Total Master Servicing Fees Collected 5081,~~398~~213.6322

Certificate Interest Reconciliation Class Accrued Net Aggregate Distributable Distributable Additional Interest Total Unpaid Certificate Prepayment Certificate Certificate Trust Fund Distribution Interest Distributable Interest Interest Interest Interest Expenses Distribution Certificate Shortfall Adjustment Int. A-1 2,~~241~~233,~~404~~007.6397 0.00 2,~~241~~233,~~404~~007.6397 0.00 0.00 2,~~241~~233,~~404~~007.6397 2,~~241~~233,~~404~~007.6397 0.00 A-2 2,140,~~304~~300.7523 0.00 2,140,~~304~~300.7523 0.00 0.00 2,140,~~304~~300.7523 2,140,~~304~~300.7523 0.00 X-1 4846,~~410~~784.9526 0.00 4846,~~410~~784.9526 0.00 0.00 4846,~~410~~784.9526 4846,~~410~~784.9526 0.00 X-2 391,~~832~~827.2264 0.00 391,~~832~~827.2264 0.00 0.00 391,~~832~~827.2264 391,~~832~~827.2264 0.00 B 183,580.7839 0.00 183,580.7839 0.00 0.00 183,580.7839 183,580.7839 0.00 C 73,431.4025 0.00 73,431.4025 0.00 0.00 73,431.4025 73,431.4025 0.00 D 139,525.5829 0.00 139,525.5829 0.00 0.00 139,525.5829 139,525.5829 0.00 E 73,431.4025 0.00 73,431.4025 0.00 0.00 73,431.4025 73,431.4025 0.00 F 95,461.2808 0.00 95,461.2808 0.00 0.00 95,461.2808 95,461.2808 0.00 G 51,~~406~~405.0897 0.00 51,~~406~~405.0897 0.00 0.00 51,~~406~~405.0897 51,~~406~~405.0897 0.00 H 73,431.4025 0.00 73,431.4025 0.00 0.00 73,431.4025 73,431.4025 0.00 J 95,461.2808 0.00 95,461.2808 0.00 0.00 95,461.2808 95,461.2808 0.00 K 36,717.9890 0.00 36,717.9890 0.00 0.00 36,717.9890 36,717.9890 0.00 L 36,717.9890 0.00 36,717.9890 0.00 0.00 36,717.9890 36,717.9890 0.00 M 44,059.7566 0.00 44,059.7566 0.00 0.00 44,059.7566 44,059.7566 0.00 N 22,029.8883 0.00 22,029.8883 0.00 0.00 22,029.8883 22,029.8883 0.00 O 22,029.8883 0.00 22,029.8883 0.00 0.00 22,029.8883 22,029.8883 0.00 P 95,~~464~~463.1696 0.00 95,~~464~~463.1696 0.00 0.00 95,~~464~~463.1696 95,~~464~~463.1696 0.00 Total 5,~~864~~854,~~701~~666.3874 0.00 5,~~864~~854,~~701~~666.3874 0.00 0.00 5,~~864~~854,~~701~~666.3874 5,~~864~~854,~~701~~666.3874 0.00

Other Required Information Available Distribution Amount (1) 6,890,~~478~~604.8948 Aggregate Number of Outstanding Loans 90 Aggregate Stated Principal Balance of Loans before Distributions 1,~~288~~286,~~484~~282,~~568~~647.52 Aggregate Stated Principal Balance of Loans after Distributions 1,~~287~~285,~~458~~246,~~791~~709.0178 Percentage of Cut-off Date Principal Balance after Distributions 991.~~75%~~00 Aggregate Amount of Servicing Fee 5081,~~398~~213.6322 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 1,~~993~~990.4100 Aggregate Additional Trust Fund Expences 0.00 Specially Serviced Loans not Delinquent Number of Outstanding Loans 0 Aggregate Unpaid Principal Balance 0.00 Interest Reserve Account Deposits 0.00 Withdrawals 0.00 (1) The Available Distribution Amount includes any Prepayment Premiums. Appraisal Reduction Amount Appraisal Cumulative Date Appraisal Loan Reduction ASER Reduction Number Amount Amount Effected NONE

Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 5,~~938~~928,~~898~~738.4320 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,~~938~~928,~~898~~738.4320 Principal: Scheduled Principal 1,~~025~~035,~~777~~937.5174 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,~~025~~035,~~777~~937.5174 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 6,964,675.94 Total Funds Distributed Fees: Master Servicing Fee 72,~~203~~081.6551 Trustee Fee 1,~~993~~990.4100 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 74,~~197~~071.0752 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,~~864~~854,~~701~~666.3874 Principal Distribution 1,~~025~~035,~~777~~937.5174 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 6,890,~~478~~604.8948 Total Funds Distributed 6,964,~~675~~676.9600

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) 1,999,999 or less 4 7,~~324~~309,~~814~~596.2028 0.57 ~~100~~98 5.~~5305~~5306 1.~~687931~~589243 2,000,000 to 2,999,999 8 19,~~961~~920,~~589~~781.5729 1.55 ~~119~~117 5.~~6042~~6043 1.~~637623~~716088 3,000,000 to 3,999,999 9 31,~~628~~565,~~332~~701.1912 2.46 ~~136~~134 5.~~5908~~5907 1.~~485772~~722355 4,000,000 to 5,999,999 10 52,~~155~~027,~~780~~902.9731 4.05 ~~119~~117 5.~~8223~~8225 1.~~345580~~403305 6,000,000 to 7,999,999 6 39,~~895~~825,~~301~~460.7684 3.10 ~~110~~108 5.4335 1.~~530079~~643182 8,000,000 to 9,999,999 7 64,~~848~~733,~~027~~145.4710 5.04 ~~123~~121 5.7126 1.~~441126~~418644 10,000,000 to 14,999,999 18 214,~~746~~364,~~077~~376.9336 16.68 ~~102~~100 5.3353 1.~~559855~~676351 15,000,000 to 29,999,999 17 348,~~961~~371,~~263~~672.3484 27.1011 9694 5.5242 1.~~410569~~426784 30,000,000 to 49,999,999 9 ~~372~~371,~~125~~417,~~713~~389.4577 28.90 ~~100~~98 5.~~0092~~0094 1.~~689964~~805726 50,000,000 or greater 2 135,~~811~~710,~~890~~683.1387 10.5556 8179 5.~~4735~~4727 2.~~289097~~289760 Totals 90 1,~~287~~285,~~458~~246,~~791~~709.0178 100.00 ~~101~~99 5.3602 1.~~618456~~687053

State(3) % Of # of Scheduled Agg. WAM Weighted State Props Balance Bal. (2) WAC Avg DSCR(1) Alabama 4 24,~~782~~709,~~815~~728.4572 1.92 6866 4.~~5268~~5269 1.~~900689~~900535 Arizona 6 75,~~562~~408,~~058~~193.5405 5.87 9391 5.4329 1.~~491017~~699369 California 13 ~~106~~105,~~133~~900,~~162~~857.9851 8.24 9795 5.~~2923~~2924 1.~~368297~~388858 Connecticut 3 29,~~101~~042,~~749~~581.4629 2.26 ~~112~~110 5.7503 1.~~410722~~364341 Florida 10 115,~~768~~540,~~723~~538.2352 8.99 ~~103~~101 5.2116 1.~~578460~~612729 Georgia 2 11,~~315~~291,~~626~~868.7106 0.88 ~~117~~115 5.4517 1.~~516630~~516616 Idaho 1 9,~~337~~303,~~663~~220.3322 0.7372 5250 4.4100 2.190000 Illinois 2 50,~~211~~108,~~255~~891.5228 3.90 ~~114~~112 5.6599 1.~~509347~~526937 Maryland 2 10,~~342~~316,~~084~~199.1324 0.80 ~~117~~115 6.6000 1.390000 Massachusetts 1 75,000,000.00 5.8384 5351 4.6250 3.010000 Michigan 5 79,~~985~~944,~~111~~041.0663 6.2122 ~~112~~110 5.~~4689~~4691 1.~~467187~~513862 Minnesota 1 13,575,000.00 1.0506 ~~115~~113 5.1500 12.~~700000~~689400 Mississippi 2 20,~~621~~572,~~651~~162.4088 1.60 ~~102~~100 5.~~3170~~3173 1.~~574551~~574364 Nevada 7 155,~~794~~522,~~207~~645.0528 12.10 ~~115~~113 5.~~4937~~4941 1.~~797170~~796725 New Jersey 4 55,~~164~~054,~~970~~753.6730 4.28 ~~117~~115 5.~~6893~~6894 1.~~341603~~447513 New Mexico 1 3,~~634~~626,~~277~~319.9522 0.28 ~~115~~113 5.3000 12.~~340000~~490000 New York 9 152,~~493~~261,~~284~~727.0882 11.8485 8785 5.~~1772~~1768 1.~~338727~~523634 North Carolina 3 21,~~064~~002,~~587~~227.7415 1.6463 8785 4.~~6841~~6843 1.~~669204~~668891 Ohio 2 10,~~603~~568,~~820~~538.7634 0.82 7977 5.~~1492~~1495 1.~~906421~~906302 Oregon 1 2,~~092~~088,~~234~~124.8880 0.16 ~~116~~114 5.7800 2.900000 Pennsylvania 6 34,~~439~~368,~~336~~397.5548 2.67 ~~115~~113 5.5884 1.~~596453~~596469 South Carolina 4 53,~~750~~683,~~678~~685.0077 4.1718 9492 5.~~5906~~5910 1.~~634928~~630045 Texas 5 60,~~347~~198,~~080~~049.3627 4.6968 ~~125~~123 5.~~4165~~4164 1.~~440555~~480228 Virginia 11 7069,~~058~~960,~~712~~054.1016 5.44 ~~118~~116 5.~~7900~~7898 1.~~499823~~632057 Washington 1 9,~~354~~335,~~275~~377.0694 0.73 ~~115~~113 5.6800 1.350000 Washington,DC 3 25,~~324~~263,~~424~~526.0086 1.97 8280 5.~~6891~~6890 1.~~458321~~458326 Wisconsin 1 11,600,000.00 0.90 ~~114~~112 5.1900 1.690000 Totals 110 1,~~287~~285,~~458~~246,~~791~~709.0178 100.00 ~~101~~99 5.3602 1.~~618456~~687053

Debt Service Coverage Ratio(1) Debt Service # of Scheduled % of Weighted Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 1.09 or less 10 ~~3,891,993~~0.9700 0.3000 ~~294~~0 60.~~5300~~0000 10.000000 1.20 to 1.29 1516 ~~175~~187,~~670~~932,~~937~~851.0016 1314.6462 ~~105~~103 5.~~3092~~3476 1.~~250237~~251798 1.30 to 1.39 19 ~~286~~220,~~066~~580,~~874~~403.0592 2217.2216 ~~106~~116 5.~~4150~~5996 1.~~348048~~353343 1.40 to 1.49 2418 ~~402~~343,~~664~~503,~~435~~828.5920 3126.2873 ~~111~~108 5.~~6729~~6957 1.~~435040~~437918 1.50 to 1.59 87 8170,~~238~~968,~~644~~694.3668 65.3152 9388 5.~~4520~~2651 1.~~531683~~548386 1.60 to 1.69 6 5968,~~047~~497,~~140~~673.8081 45.5933 87 5.~~3090~~6970 1.~~649613~~648655 1.70 to 1.79 5 3334,~~232~~704,~~024~~859.8121 2.5870 ~~112~~110 5.~~3409~~5246 1.~~722289~~728267 1.80 to 1.89 32 2423,~~474~~448,~~613~~165.6580 1.9082 8987 4.~~8757~~8468 1.~~857521~~850998 1.90 to 1.99 13 25101,~~000~~776,~~000~~104.0021 17.9492 79 5.~~9400~~2281 1.~~910000~~918584 2.00 or greater 713 ~~190~~230,~~192~~756,~~822~~249.6244 1417.7795 7580 4.~~5259~~6549 2.~~720412~~667054 Totals 90 1,~~287~~285,~~458~~246,~~791~~709.0178 100.00 ~~101~~99 5.3602 1.~~618456~~687053

Property Type (3) Property # of Scheduled % of Weighted Type Props Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Industrial 1 8,~~693~~655,~~784~~384.8513 0.6867 ~~177~~175 5.7200 1.210000 Lodging 3 41,~~378~~337,~~731~~888.6670 3.2122 9088 6.~~3604~~3597 1.~~710527~~803435 Mixed Use 2 19,~~540~~496,~~783~~097.8288 1.52 ~~117~~115 5.~~7670~~7669 1.~~364370~~663504 Mobile Home Park 2 29,~~942~~876,~~223~~354.3980 2.3332 5957 5.2777 1.~~728043~~728064 Multi-Family 33 367,~~619~~064,~~605~~861.8242 28.5556 ~~106~~104 5.~~2920~~2921 1.~~369336~~391036 Office 22 321,~~868~~505,~~797~~989.4590 25.0002 8381 5.~~0772~~0769 12.~~882320~~047274 Retail 47 ~~498~~497,~~414~~310,~~864~~132.0496 38.7169 ~~110~~108 5.~~4928~~4931 1.~~634661~~669752 Totals 110 1,~~287~~285,~~458~~246,~~791~~709.0178 100.00 ~~101~~99 5.3602 1.~~618456~~687053

Note Rate Note # of Scheduled % of Weighted Rate Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 4.4999% or less 3 108,~~836~~495,~~938~~699.3081 8.4544 8179 4.3412 2.~~422516~~422621 4.5000% to 4.7499% 4 173,~~486~~353,~~761~~894.5399 13.4849 6765 4.6165 2.~~050519~~213495 4.7500% to 4.9999% 7 90,~~789~~598,~~504~~860.4718 7.05 7371 4.9063 1.~~584311~~584713 5.0000% to 5.2499% 13 ~~179~~178,~~073~~785,~~359~~396.5771 13.91 ~~103~~101 5.1722 1.~~541680~~672715 5.2500% to 5.4999% 17 162,~~463~~226,~~656~~755.5540 12.62 ~~114~~112 5.4110 1.~~386601~~493280 5.5000% to 5.7499% 22 ~~306~~305,~~278~~727,~~934~~657.5949 23.79 ~~116~~114 5.6353 1.~~399475~~444859 5.7500% to 5.9999% 13 98,~~488~~334,~~684~~081.1534 7.65 ~~102~~100 5.~~8378~~8379 1.~~610124~~612575 6.0000% to 6.4999% 6 65,~~710~~599,~~054~~254.1606 5.10 ~~116~~114 6.~~0733~~0734 1.~~374387~~374374 6.5000% to 6.7499% 4 96,~~351~~159,~~593~~988.5379 7.48 ~~123~~121 6.5359 1.~~396748~~418328 6.7500% or greater 1 5,~~979~~965,~~304~~121.1601 0.46 9492 7.8750 1.~~173100~~674400 Totals 90 1,~~287~~285,~~458~~246,~~791~~709.0178 100.00 ~~101~~99 5.3602 1.~~618456~~687053

Seasonings Age of Most # of Scheduled % of Weighted Recent NOI Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 12 months or less 8988 1,~~281~~275,~~479~~531,~~486~~899.8548 99.5424 ~~101~~99 5.~~3484~~3464 1.~~620534~~687574 13 to 24 months 01 03,749,689.0029 0.0029 0106 06.~~0000~~0500 01.~~000000~~530000 25 to 36 months 1 5,~~979~~965,~~304~~121.1601 0.46 9492 7.8750 1.~~173100~~674400 37 to 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 90 1,~~287~~285,~~458~~246,~~791~~709.0178 100.00 ~~101~~99 5.3602 1.~~618456~~687053

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) 80 months or less 1314 ~~344~~350,~~000~~221,~~336~~575.8714 2627.7225 5756 4.~~8212~~8338 1.~~927618~~997795 81 to 100 months 21 125,~~758~~965,~~820~~121.1301 0.9946 8792 67.~~5971~~8750 1.~~229902~~674400 101 to 120 months 71 ~~910~~909,~~695~~147,~~357~~879.9497 70.74 ~~115~~113 5.~~5410~~5411 1.~~516305~~576735 121 to 180 months 2 11,~~185~~140,~~158~~834.5139 0.87 ~~169~~167 5.~~5262~~5259 1.~~256775~~256850 181 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 88 1,~~278~~276,~~639~~475,~~673~~410.4551 99.3132 ~~100~~98 5.3578 1.~~621835~~689924

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 100 months 0 0.00 0.00 0 0.0000 0.000000 101 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 180 months 1 4,~~927~~889,~~123~~862.5929 0.38 ~~176~~174 5.0500 1.230000 181 months or greater 1 3,~~891~~881,~~993~~436.9798 0.30 ~~294~~292 6.5300 1.~~000000~~318600 Totals 2 8,~~819~~771,~~117~~299.5627 0.6968 ~~228~~226 5.~~7031~~7049 1.~~128498~~269207

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 2 85,000,000.00 6.6061 6058 4.6574 3.024118 200 months or less 0 0.00 0.00 0 0.0000 0.000000 201 to 240 months 1 8,~~693~~655,~~784~~384.8513 0.6867 ~~177~~175 5.7200 1.210000 241 to 280 months 1 5,~~979~~965,~~304~~121.1601 0.46 9492 7.8750 1.~~173100~~674400 281 to 300 months 7 ~~140~~139,~~127~~821,~~640~~248.4112 10.88 8482 5.~~4217~~4223 1.~~759557~~770198 301 months or greater 77 1,~~038~~037,~~838~~033,~~944~~657.0325 80.69 ~~105~~103 5.3890 1.~~494550~~573839 Totals 88 1,~~278~~276,~~639~~475,~~673~~410.4551 99.3132 ~~100~~98 5.3578 1.~~621835~~689924

Age of Most Recent NOI # of Scheduled % of Weighted Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Underwriter's Information 8965 1,~~281~~035,~~479~~968,~~486~~833.8502 9980.5460 ~~101~~98 5.~~3484~~3469 1.~~620534~~659162 1 year or less 125 5249,~~979~~277,~~304~~876.1676 019.4640 94103 75.~~8750~~4154 1.~~173100~~802963 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 90 1,~~287~~285,~~458~~246,~~791~~709.0178 100.00 ~~101~~99 5.3602 1.~~618456~~687053 (1)Debts Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers 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 representation 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 the related mortgage loan as disclosed in the offering document.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type(1) City State Payment Payment Coupon 991087988 1 OF Boston MA 298,697.92 0.00 4.625% 11040929 2 RT Primm NV 341,~~675~~110.8883 4445,~~688~~253.3035 6.520% 991087971 3 RT Various Various 187,~~838~~149.2523 8788,~~529~~218.9698 4.410% 991087987 4 RT Las Vegas NV 178,~~631~~154.4584 6162,~~761~~238.4809 4.274% 991087956 5 RT Geneva IL ~~232~~231,~~390~~917.1486 4445,~~683~~155.0432 5.650% 11040723 6 MF Novi MI 217,462.13 0.00 5.530% 991087977 7 OF New York NY 177,087.50 0.00 4.570% 991087975 8 RT Round Rock TX ~~158~~157,~~168~~820.4960 36,~~216~~564.7665 5.200% 991087978 9 MF Orlando FL 138,~~521~~185.80 3839,~~971~~307.02 4.726% 991087974 10 RT Brooklyn NY 158,~~782~~445.1269 33,~~338~~675.9538 5.430% 991087989 11 RT Somers NY 90,~~623~~437.4823 17,~~503~~689.0429 5.690% 991087992 12 RT Levittown NY 74,~~223~~071.7924 14,~~335~~488.6015 5.690% 991088000 13 OF Scottsdale AZ 153,~~691~~377.7368 30,~~013~~327.5560 5.600% 11038274 14 MH Mesa AZ 125,~~794~~517.6119 28,~~649~~926.0547 5.240% 991087981 15 OF Orlando FL ~~113~~112,~~153~~892.7465 28,~~618~~879.5261 4.970% 991087973 16 RT Various VA 136,~~328~~081.0534 21,~~230~~477.5930 6.100% 991087993 17 RT Walkill NY 79,~~568~~405.8734 15,~~367~~531.9548 5.690% 991087994 18 RT Norwalk CT 44,~~947~~854.3093 8,~~681~~773.1350 5.690% 11039438 19 LO Charleston SC 123,750.00 0.00 5.940% 991087980 20 MF Various NY ~~100~~99,~~042~~807.9106 26,~~337~~573.4833 4.890% 991087985 21 MF Myrtle Beach SC ~~102~~101,~~086~~871.7146 21,~~450~~665.0631 5.400% 991087997 22 Various Various Various 120,~~899~~599.8833 24,~~423~~723.4095 6.600% 991088001 23 MF Mount Holly NJ 107,~~449~~250.3999 17,~~390~~589.8828 6.010% 11041671 24 MF Riverside CA 75,~~606~~413.1427 23,~~623~~815.1198 4.500% 991088002 25 MF Las Vegas NV 83,781.29 0.00 5.110% 11040389 26 RT Woodbridge NJ 9190,~~116~~936.6250 1617,~~837~~017.8698 5.700% 991087957 27 MF Fenton MI 82,731.25 0.00 5.490% 991087955 28 MF Brandon MS 79,~~598~~432.4850 16,~~106~~272.5250 5.530% 991087960 29 MF Orlando FL 70,395.83 0.00 5.450% 11040644 30 OF Diamond Bar CA 6160,~~104~~958.3429 16,~~466~~612.3641 4.850% 991087998 31 MF Washington DC 62,~~146~~001.0499 15,~~693~~837.1015 5.000% 11040641 32 OF Beverly Hills CA 69,~~254~~116.5966 1213,~~927~~065.3629 5.690% 991087951 33 RT Roseville MN 60,201.35 0.00 5.150% 991087995 34 MF Monroeville PA 57,~~242~~116.5526 13,~~122~~249.7403 5.210% 991087991 35 MF Hartford CT 64,~~226~~099.6623 11,~~519~~646.2467 5.880% 11040755 36 MU Millburn NJ 57,~~200~~077.3516 12,~~545~~669.9110 5.300% 11040793 37 OF Beverly Hills CA 5655,~~008~~885.6131 12,~~784~~908.7707 5.220% 991087949 38 MF Madison WI 51,842.33 0.00 5.190% 991087982 39 MF High Point NC 48,~~878~~763.4165 12,~~756~~871.4218 4.910% 11040734 40 OF Beverly Hills CA 55,~~330~~220.3919 10,~~328~~438.2141 5.690% 991087976 41 OF Montgomery AL 4140,~~005~~897.5131 13,~~822~~931.9515 4.330% 991087968 42 OF Richmond VA 49,255.56 0.00 5.200% 11034830 43 RT Plymouth MI 51,~~617~~516.7213 9,~~457~~559.4706 5.720% 11040229 44 LO Miami FL 58,~~276~~128.6526 12,~~282~~430.5089 6.500% 11041269 45 RT Austin TX 50,~~961~~862.7241 9,~~115~~214.2152 5.790% 11038864 46 RT Jacksonville FL 50,~~685~~536.4300 14,~~108~~257.0447 5.800% 991087962 47 OF Aventura FL 42,194.44 0.00 4.900% 11039856 48 OF Culver City CA 48,~~512~~414.1166 9,~~211~~308.4792 5.650% 991087961 49 MF Charlottesville VA 44,520.31 0.00 5.330% 991087967 50 RT Various PA 47,~~192~~101.8316 8,~~427~~519.7845 5.780% 991087958 51 MF Kirkland WA 45,~~795~~703.0710 8,~~643~~735.4946 5.680% 11041027 52 IN Amarillo TX 42,~~912~~723.2099 18,~~370~~558.3455 5.720% 991087996 53 RT Las Vegas NV 45,380.56 0.00 6.200% 11040015 54 OF Branford CT 3534,~~060~~989.9328 6,~~846~~918.8449 5.600% 991087986 55 RT Las Vegas NV 31,~~964~~897.1071 6,~~517~~584.6605 5.470% 991087969 56 OF Richmond VA 29,553.33 0.00 5.200% 991087954 57 OF King of Prussia PA 32,~~552~~487.2081 56,~~963~~028.6100 5.750% 991087952 58 MF Las Vegas NV 29,~~760~~696.6590 6,~~424~~488.5631 5.350% 991087953 59 RT Atlanta GA 27,~~925~~863.2381 6,~~394~~455.2062 5.200% 11032994 60 LO Sterling VA 40,~~590~~494.3481 6,~~368~~463.2376 7.875% 991087965 61 OF Glen Allen VA 27,782.89 0.00 5.450% 11041499 62 MF Las Vegas NV 26,~~384~~328.5823 5,~~688~~744.4277 5.340% 11041157 63 RT Murietta CA 27,~~416~~363.9491 4,~~854~~907.4851 5.800% 991087972 64 MF Snellville GA 25,~~247~~197.2296 4,~~547~~596.4066 5.760% 11038423 65 MF Tucson AZ 23,~~835~~785.3608 45,~~962~~012.0937 5.450% 991087984 66 MF Glendale AZ 23,~~503~~454.0220 4,~~792~~841.3921 5.470% 991087966 67 RT Marshall VA 21,~~505~~343.1480 18,~~164~~326.9024 5.050% 991088003 68 MF Cleveland OH 25,~~504~~430.0023 6,~~711~~784.0784 6.000% 11040720 69 OF San Diego CA 2019,~~014~~975.3724 3,~~620~~659.3346 5.750% 991087983 70 RT Melbourne FL 21,~~912~~853.3532 4,~~882~~941.2730 6.530% 11040740 71 MF Palo Alto CA 1817,~~012~~973.3197 3,~~838~~877.7307 5.380% 991087990 72 RT Philadelphia PA 19,~~590~~552.2331 3,~~314~~352.9991 6.050% 11041029 73 MF Albuquerque NM 16,~~603~~567.2610 3,~~685~~721.3551 5.300% 991087963 74 RT Austin TX 16,~~933~~898.8909 3,~~540~~576.4121 5.440% 991087950 75 OF Millburn NJ 14,~~740~~706.0743 3,~~584~~618.4913 5.100% 11041098 76 OF Scottsdale AZ 14,617.64 0.00 5.350% 11040651 77 RT Ontario CA 15,~~110~~078.2287 3,~~059~~090.0338 5.500% 11040731 78 RT Huntington Park CA 14,~~648~~617.4493 23,~~972~~002.4798 5.510% 991087964 79 RT Greer SC 13,~~714~~686.0734 2,~~621~~649.7043 5.650% 11041468 80 RT Culver City CA 13,~~482~~456.4947 2,~~377~~403.0406 5.810% 11038421 81 MF Tucson AZ 12,~~151~~125.3672 2,~~529~~555.6933 5.450% 11040524 82 RT Arlington TX 12,~~821~~796.3481 2,~~222~~246.1568 5.850% 11041574 83 MF Pell City AL 10,~~416~~391.5490 2,~~775~~800.7640 4.850% 991087959 84 RT Northfield IL 12,~~558~~534.9882 2,~~189~~213.5470 5.850% 11040585 85 MF Phenix City AL 10,~~854~~832.4830 2,~~119~~141.7088 5.600% 11039794 86 MH Phoenix OR 10,~~422~~402.8448 1,~~872~~892.2460 5.780% 991087979 87 MF Ocala FL 8,~~161~~141.0131 2,~~271~~291.9464 4.750% 991087970 88 OF Harleysville PA 9,~~307~~289.6121 1,~~720~~738.0040 5.700% 991087999 89 MF Los Angeles CA 9,~~659~~642.8020 1,~~523~~541.8040 6.070% 11039942 90 RT Hialeah FL 7,~~787~~772.7200 1,~~478~~494.4214 5.680% Totals 5,~~938~~928,~~898~~738.4320 1,~~025~~035,~~777~~937.5174

Loan Anticipated Neg Beginning Ending Paid Number Repayment Maturity Amort Scheduled Scheduled Thru Date Date (Y/N) Balance Balance Date 991087988 N/A 04/08/2008 N 75,000,000.00 75,000,000.00 1012/08/2003 11040929 N/A 07/01/2013 N 60,~~856~~755,~~578~~937.4322 60,~~811~~710,~~890~~683.1387 1001/01/~~2003~~2004 991087971 N/A 03/01/2008 N 49,~~463~~282,~~660~~219.1425 49,~~376~~194,~~130~~000.1827 1001/01/~~2003~~2004 991087987 N/A 07/01/2013 N 48,~~538~~409,~~863~~358.9471 48,~~477~~347,~~102~~120.4662 1112/01/2003 991087956 N/A 05/01/2013 N 47,~~765~~667,~~030~~957.5765 47,~~720~~622,~~347~~802.5333 1001/01/~~2003~~2004 11040723 N/A 08/01/2013 N 46,500,000.00 46,500,000.00 1012/01/2003 991087977 N/A 08/01/2008 N 45,000,000.00 45,000,000.00 1101/01/~~2003~~2004 991087975 N/A 08/01/2013 N 35,~~322~~245,~~987~~294.3972 35,~~286~~208,~~770~~730.6307 1101/01/~~2003~~2004 991087978 N/A 08/01/2013 N 3433,~~038~~955,~~093~~529.2630 33,~~999~~916,~~122~~222.2428 1101/01/~~2003~~2004 991087974 N/A 06/01/2013 N 33,~~958~~886,~~036~~085.1437 33,~~924~~852,~~697~~409.1999 1001/01/~~2003~~2004 991087989 02/01/2013 02/01/2033 N 18,~~495~~457,~~636~~623.3493 18,~~478~~439,~~133~~934.3064 1012/01/2003 991087992 02/01/2013 02/01/2033 N 15,~~148~~117,~~570~~437.7728 15,~~134~~102,~~235~~949.1713 1012/01/2003 991088000 N/A 06/01/2013 N 31,~~871~~806,~~556~~431.7781 31,~~841~~776,~~543~~104.2221 1001/01/~~2003~~2004 11038274 N/A 06/01/2008 N 27,~~878~~817,~~637~~156.5647 27,~~849~~788,~~988~~230.5100 1001/01/~~2003~~2004 991087981 N/A 08/01/2008 N 26,~~439~~378,~~504~~499.8314 26,~~410~~349,~~886~~619.3153 1001/01/~~2003~~2004 991087973 08/01/2013 08/01/2033 N 25,~~953~~906,~~514~~548.9315 25,~~932~~885,~~284~~070.3485 1012/01/2003 991087993 02/01/2013 02/01/2033 N 16,~~239~~206,~~466~~090.2575 16,~~224~~190,~~098~~559.3027 1012/01/2003 991087994 02/01/2013 02/01/2033 N 9,~~173~~154,~~438~~585.9764 9,~~164~~145,~~757~~812.8414 1012/01/2003 11039438 N/A 06/01/2010 N 25,000,000.00 25,000,000.00 1001/01/~~2003~~2004 991087980 N/A 07/01/2008 N 23,~~758~~702,~~457~~448.6012 23,~~732~~675,~~120~~874.1279 1012/01/2003 991087985 N/A 08/01/2013 N 21,~~954~~907,~~130~~841.8912 21,~~932~~886,~~680~~175.8381 1012/01/2003 991087997 N/A 08/05/2013 N 21,~~272~~219,~~705~~824.3320 21,~~248~~195,~~281~~100.9325 1012/05/2003 991088001 08/01/2013 08/01/2033 N 20,~~762~~723,~~052~~717.4649 20,~~744~~706,~~661~~128.5821 1112/01/2003 11041671 N/A 07/01/2008 N 19,~~511~~461,~~262~~488.4069 19,~~487~~437,~~639~~672.2971 1001/01/~~2003~~2004 991088002 N/A 08/01/2013 N 19,040,000.00 19,040,000.00 1001/01/~~2003~~2004 11040389 N/A 08/01/2013 N 18,~~563~~526,~~656~~961.9196 18,~~546~~509,~~819~~943.0598 1001/01/~~2003~~2004 991087957 N/A 05/01/2013 N 17,500,000.00 17,500,000.00 1012/01/2003 991087955 N/A 05/01/2013 N 16,~~715~~680,~~541~~686.1317 16,~~699~~664,~~434~~413.6167 1012/01/2003 991087960 N/A 06/01/2013 N 15,000,000.00 15,000,000.00 1101/01/~~2003~~2004 11040644 N/A 06/01/2008 N 14,~~630~~595,~~903~~933.4305 14,~~614~~579,~~437~~320.0764 1012/01/2003 991087998 N/A 06/01/2008 N 14,~~433~~400,~~919~~463.3000 14,~~418~~384,~~226~~625.2085 1012/01/2003 11040641 N/A 07/01/2013 N 14,~~134~~106,~~391~~240.0399 14,~~121~~093,~~463~~175.6770 1101/01/~~2003~~2004 991087951 N/A 06/01/2013 N 13,575,000.00 13,575,000.00 1101/01/~~2003~~2004 991087995 N/A 07/09/2013 N 12,~~759~~731,~~158~~009.3637 12,~~746~~717,~~035~~760.6234 1112/09/2003 991087991 N/A 01/01/2013 N 12,~~684~~659,~~658~~492.8206 12,~~673~~647,~~139~~845.5839 1012/01/2003 11040755 N/A 08/01/2013 N 12,~~533~~506,~~248~~255.3898 12,~~520~~493,~~702~~586.4788 1012/01/2003 11040793 N/A 07/01/2013 N 12,~~460~~432,~~203~~771.2840 12,~~447~~419,~~418~~863.5133 1001/01/~~2003~~2004 991087949 N/A 05/01/2013 N 11,600,000.00 11,600,000.00 1112/01/2003 991087982 N/A 07/01/2013 N 11,~~560~~533,~~493~~351.2650 11,~~547~~520,~~736~~480.8432 1012/01/2003 11040734 N/A 07/01/2013 N 11,~~292~~270,~~555~~065.7853 11,~~282~~259,~~227~~627.5712 1101/01/~~2003~~2004 991087976 N/A 07/01/2008 N 10,~~997~~968,~~528~~510.6107 10,~~983~~954,~~705~~578.6692 1001/01/~~2003~~2004 991087968 N/A 07/01/2013 N 11,000,000.00 11,000,000.00 1012/01/2003 11034830 N/A 08/01/2013 N 10,~~479~~458,~~573~~948.3524 10,~~470~~449,~~115~~389.8818 1012/01/2003 11040229 N/A 07/01/2013 N 10,~~411~~385,~~710~~198.0058 10,~~399~~372,~~427~~767.5069 1012/01/2003 11041269 N/A 07/01/2013 N 10,~~221~~201,~~303~~385.5118 10,~~212~~192,~~188~~170.3066 1101/01/~~2003~~2004 11038864 N/A 03/01/2010 N 10,~~148~~118,~~361~~441.1081 10,~~134~~104,~~253~~184.0634 1112/01/2003 991087962 N/A 07/01/2013 N 10,000,000.00 10,000,000.00 1001/01/~~2003~~2004 11039856 N/A 07/01/2013 N 9,~~971~~951,~~088~~057.4019 9,~~961~~941,~~876~~748.9327 1001/01/~~2003~~2004 991087961 N/A 06/01/2013 N 9,700,000.00 9,700,000.00 1101/01/~~2003~~2004 991087967 N/A 08/01/2013 N 9,~~481~~463,~~760~~342.5707 9,~~473~~454,~~332~~822.7962 1012/01/2003 991087958 N/A 06/01/2013 N 9,~~362~~344,~~918~~113.5540 9,~~354~~335,~~275~~377.0694 1012/01/2003 11041027 N/A 08/01/2018 N 8,~~712~~673,~~155~~942.1968 8,~~693~~655,~~784~~384.8513 1001/01/~~2003~~2004 991087996 N/A 08/01/2013 N 8,500,000.00 8,500,000.00 1101/01/~~2003~~2004 11040015 N/A 06/01/2013 N 7,~~270~~255,~~698~~842.8825 7,~~263~~248,~~852~~923.0476 1001/01/~~2003~~2004 991087986 N/A 08/01/2010 N 6,~~786~~771,~~033~~937.6350 6,~~779~~765,~~515~~353.9745 1012/01/2003 991087969 N/A 07/01/2013 N 6,600,000.00 6,600,000.00 1012/01/2003 991087954 N/A 06/01/2013 N 6,~~574~~561,~~358~~352.3751 6,~~568~~555,~~394~~324.7651 1112/01/2003 991087952 N/A 07/01/2013 N 6,~~459~~446,~~954~~116.6183 6,~~453~~439,~~530~~628.0552 1012/01/2003 991087953 N/A 08/01/2013 N 6,~~236~~222,~~403~~686.1422 6,~~230~~216,~~008~~230.9460 1112/01/2003 11032994 N/A 09/01/2011 N 5,~~985~~971,~~672~~584.3977 5,~~979~~965,~~304~~121.1601 1101/01/~~2003~~2004 991087965 N/A 06/01/2013 N 5,920,000.00 5,920,000.00 1101/01/~~2003~~2004 11041499 N/A 08/01/2013 N 5,~~737~~725,~~856~~603.8659 5,~~732~~719,~~168~~858.4482 1112/01/2003 11041157 N/A 08/01/2013 N 5,~~489~~478,~~486~~869.7288 5,~~484~~473,~~632~~962.2437 1101/01/~~2003~~2004 991087972 N/A 08/01/2013 N 5,~~090~~080,~~165~~234.1712 5,~~085~~075,~~617~~637.7746 1001/01/~~2003~~2004 11038423 N/A 06/01/2013 N 5,~~078~~068,~~858~~142.4283 5,~~073~~063,~~896~~130.3346 1001/01/~~2003~~2004 991087984 N/A 08/01/2013 N 4,~~989~~979,~~730~~365.6182 4,~~984~~974,~~938~~524.2261 1012/01/2003 991087966 N/A 07/01/2018 N 4,~~945~~908,~~288~~188.4953 4,~~927~~889,~~123~~862.5929 1012/01/2003 991088003 N/A 01/01/2013 N 4,~~936~~921,~~258~~980.8141 4,~~929~~915,~~547~~195.7457 1101/01/~~2003~~2004 11040720 N/A 08/01/2013 N 4,~~042~~034,~~172~~269.8118 4,~~038~~030,~~552~~609.4872 1112/01/2003 991087983 N/A 05/01/2028 N 3,~~896~~886,~~876~~378.2428 3,~~891~~881,~~993~~436.9798 1012/01/2003 11040740 N/A 07/01/2013 N 3,~~888~~879,~~016~~740.0231 3,~~884~~875,~~177~~863.2924 1012/01/2003 991087990 N/A 11/01/2012 N 3,~~760~~753,~~320~~042.8420 3,~~757~~749,~~005~~689.8529 1012/01/2003 11041029 N/A 06/01/2013 N 3,~~637~~630,~~963~~040.3073 3,~~634~~626,~~277~~319.9522 1001/01/~~2003~~2004 991087963 N/A 06/01/2013 N 3,~~614~~607,~~919~~276.9684 3,~~611~~603,~~379~~700.5563 1101/01/~~2003~~2004 991087950 N/A 05/01/2013 N 3,~~356~~348,~~372~~712.0636 3,~~352~~345,~~787~~094.5723 1112/01/2003 11041098 N/A 06/01/2013 N 3,225,000.00 3,225,000.00 1001/01/~~2003~~2004 11040651 N/A 07/01/2013 N 3,~~190~~183,~~428~~808.0756 3,~~187~~180,~~369~~718.0418 1101/01/~~2003~~2004 11040731 N/A 06/01/2013 N 3,~~087~~080,~~313~~882.4433 3,~~084~~077,~~340~~879.9735 1001/01/~~2003~~2004 991087964 N/A 06/01/2013 N 2,~~818~~813,~~763~~065.1602 2,~~816~~810,~~141~~415.4659 1112/01/2003 11041468 N/A 08/01/2013 N 2,~~694~~689,~~850~~649.3180 2,~~692~~687,~~473~~246.2774 1012/01/2003 11038421 N/A 06/01/2013 N 2,~~589~~583,~~221~~759.9510 2,~~586~~581,~~692~~203.2677 1001/01/~~2003~~2004 11040524 N/A 08/05/2013 N 2,~~545~~540,~~179~~310.1846 2,~~542~~538,~~957~~063.0378 1012/05/2003 11041574 N/A 08/01/2015 N 2,~~494~~488,~~149~~250.4266 2,~~491~~485,~~373~~450.6626 1012/01/2003 991087959 N/A 07/01/2013 N 2,~~493~~488,~~097~~302.5365 2,~~490~~486,~~907~~088.9995 1001/01/~~2003~~2004 11040585 N/A 06/01/2013 N 2,~~250~~246,~~928~~329.7228 2,~~248~~244,~~809~~187.0240 0912/01/2003 11039794 N/A 07/01/2013 N 2,~~094~~090,~~107~~017.1240 2,~~092~~088,~~234~~124.8880 1001/01/~~2003~~2004 991087979 N/A 08/01/2008 N 1,~~995~~990,~~222~~406.4128 1,~~992~~988,~~950~~114.4764 1012/01/2003 991087970 N/A 08/01/2013 N 1,~~896~~892,~~287~~539.5312 1,~~894~~890,~~567~~800.5372 1012/01/2003 991087999 N/A 08/01/2013 N 1,~~848~~844,~~078~~711.4554 1,~~846~~843,~~554~~170.6514 1012/01/2003 11039942 N/A 05/01/2013 N 1,~~592~~589,~~219~~004.9792 1,~~590~~587,~~741~~510.5578 1012/01/2003 Totals 1,~~288~~286,~~484~~282,~~568~~647.52 1,~~287~~285,~~458~~246,~~791~~709.0178

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 01/12/2004 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 12/10/2003 0 $0.00 1 $2,246,329.28 0 $0.00 0 $0.00 0 $0.00 0 $0.00 11/10/2003 1 $2,248,809.02 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 10/10/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 09/10/2003 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 01/12/2004 0 $0.00 0 $0.00 12/10/2003 0 $0.00 0 $0.00 11/10/2003 0 $0.00 0 $0.00 10/10/2003 0 $0.00 0 $0.00 09/10/2003 0 $0.00 0 $0.00

Rate and Maturities Distribution Next Weighted Avg. WAM Date Coupon Remit 01/12/2004 5.360156% 5.293044% 99 12/10/2003 5.360146% 5.293035% 100 11/10/2003 5.360154% 5.293043% 101 10/10/2003 5.360144% 5.293034% 102 09/10/2003 5.360150% 5.293041% 103 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

Delinquency Loan Detail Offering # of Paid Current Outstanding Status of Loan Number Document Months Through P & I P & I Mortgage Cross-Reference Delinq. Date Advances Advances** Loan(1) 991087987 4 0 12/01/2003 0.00 0.00 A 11040723 6 0 12/01/2003 0.00 0.00 A 991087989 11 0 12/01/2003 0.00 0.00 A 991087992 12 0 12/01/2003 0.00 0.00 A 991087973 16 0 12/01/2003 0.00 0.00 A 991087993 17 0 12/01/2003 0.00 0.00 A 991087994 18 0 12/01/2003 0.00 0.00 A 991087980 20 0 12/01/2003 0.00 0.00 A 991087985 21 0 12/01/2003 0.00 0.00 A 991088001 23 0 12/01/2003 0.00 0.00 A 991087957 27 0 12/01/2003 0.00 0.00 A 991087955 28 0 12/01/2003 0.00 0.00 A 11040644 30 0 12/01/2003 0.00 0.00 A 991087998 31 0 12/01/2003 0.00 0.00 A 991087991 35 0 12/01/2003 0.00 0.00 A 11040755 36 0 12/01/2003 0.00 0.00 A 991087949 38 0 12/01/2003 0.00 0.00 A 991087982 39 0 12/01/2003 0.00 0.00 A 991087968 42 0 12/01/2003 0.00 0.00 A 11034830 43 0 12/01/2003 0.00 0.00 A 11040229 44 0 12/01/2003 0.00 0.00 A 11038864 46 0 12/01/2003 0.00 0.00 A 991087967 50 0 12/01/2003 0.00 0.00 A 991087958 51 0 12/01/2003 0.00 0.00 A 991087986 55 0 12/01/2003 0.00 0.00 A 991087969 56 0 12/01/2003 0.00 0.00 A 991087954 57 0 12/01/2003 0.00 0.00 A 991087952 58 0 12/01/2003 0.00 0.00 A 991087953 59 0 12/01/2003 0.00 0.00 A 11041499 62 0 12/01/2003 0.00 0.00 A 991087984 66 0 12/01/2003 0.00 0.00 A 991087966 67 0 12/01/2003 0.00 0.00 A 11040720 69 0 12/01/2003 0.00 0.00 A 991087983 70 0 12/01/2003 0.00 0.00 A 11040740 71 0 12/01/2003 0.00 0.00 A 991087990 72 0 12/01/2003 0.00 0.00 A 991087950 75 0 12/01/2003 0.00 0.00 A 991087964 79 0 12/01/2003 0.00 0.00 A 11041468 80 0 12/01/2003 0.00 0.00 A 11041574 83 0 12/01/2003 0.00 0.00 A 11040585 85 0 12/01/2003 0.00 0.00 A 991087979 87 0 12/01/2003 0.00 0.00 A 991087970 88 0 12/01/2003 0.00 0.00 A 991087999 89 0 12/01/2003 0.00 0.00 A 11039942 90 0 12/01/2003 0.00 0.00 A Totals 45 0.00 0.00

Resolution Actual Outstanding Loan Number Strategy Servicing Foreclosure Principal Servicing Bankruptcy REO Code(2) Transfer Date Date Balance Advances Date Date ~~11040929~~991087987 6048,~~856~~409,~~578~~358.4381 0.00 ~~991087971 49,463,660.36 0.00 991087956 47,765,030.60 0.00~~ 11040723 46,500,000.00 ~~14,286.20 991087974 33,958,036.14~~ 0.00 991087989 18,~~495~~457,~~636~~623.3493 0.00 991087992 15,~~148~~117,~~570~~437.~~76 0.00 991088000 31,871,556.76 0.00 11038274~~ 27~~,878,637.56~~ ~~13,442.18 991087981 26,439,504.83~~ 0.00 991087973 25,~~953~~906,~~514~~548.9315 0.00 991087993 16,~~239~~206,~~466~~090.2575 0.00 991087994 9,~~173~~154,~~438~~585.9764 0.00 ~~11039438 25,000,000.00 0.00~~ 991087980 23,~~758~~702,~~457~~448.6012 0.00 991087985 21,~~954~~907,~~130~~841.8912 0.00 ~~11041671~~991088001 1920,~~511~~723,~~262~~717.4049 0.00 ~~991088002 19,040,000.00 0.00 11040389 18,563,656.91 0.00~~ 991087957 17,500,000.00 0.00 991087955 16,~~715~~680,~~541~~686.1014 0.00 11040644 14,~~630~~595,~~903~~933.4305 0.00 991087998 14,~~433~~400,~~919~~463.3000 ~~4,379~~0.00 991087991 12,~~684~~659,~~658~~492.8206 ~~5,270~~0.9600 11040755 12,~~533~~506,~~248~~255.3898 ~~2,580.94 11040793 12,460,203.28~~ 0.00 ~~991087982~~991087949 11,~~560~~600,~~493~~000.2600 0.00 ~~991087976~~991087982 1011,~~997~~533,~~528~~351.6150 0.00 991087968 11,000,000.00 0.00 11034830 10,~~479~~458,~~573~~948.3524 0.00 11040229 10,~~411~~385,~~710~~198.0058 0.00 ~~991087962~~11038864 10,~~000~~118,~~000~~441.0081 0.00 ~~11039856 9,971,088.40 0.00~~ 991087967 9,~~481~~463,~~760~~342.5707 0.00 991087958 9,~~362~~344,~~918~~113.5540 0.0100 ~~11041027~~991087986 86,~~712~~771,~~155~~937.1950 0.00 ~~11040015~~991087969 ~~7,270,698.88 2,551.50 991087986~~ 6,~~786~~600,~~033~~000.6300 0.00 ~~991087969~~991087954 6,~~600~~561,~~000~~352.0051 0.00 991087952 6,~~459~~446,~~954~~116.6183 0.00 ~~991087972~~991087953 56,~~090~~222,~~165~~686.1722 0.00 ~~11038423~~11041499 5,~~078~~725,~~858~~603.4259 0.00 991087984 4,~~989~~979,~~730~~365.6182 0.00 991087966 4,~~945~~908,~~288~~188.5054 0.00 ~~991087983~~11040720 34,~~896~~034,~~876~~269.2419 0.00 ~~11040740~~991087983 3,~~888~~886,~~016~~378.0228 0.00 ~~991087990~~11040740 3,~~760~~879,~~320~~740.8531 0.00 ~~11041029~~991087990 3,~~637~~753,~~963~~042.3021 0.00 ~~11041098~~991087950 3,~~225~~348,~~000~~712.0038 0.00 ~~11040731~~991087964 32,~~087~~813,~~313~~065.4402 0.00 11041468 2,~~694~~689,~~850~~649.3180 0.00 ~~11038421 2,589,221.94 609.69~~ 11041574 2,~~494~~488,~~149~~250.4266 0.00 ~~991087959 2,493,097.53 7,708.54~~ 11040585 2,~~253~~246,~~387~~329.1029 0.00 ~~11039794 2,094,107.12 0.00~~ 991087979 1,~~995~~990,~~222~~406.4128 0.00 991087970 1,~~896~~892,~~287~~539.5312 0.00 991087999 1,~~848~~844,~~078~~711.4554 0.00 11039942 1,~~592~~589,~~219~~004.9893 0.00 Totals ~~831~~503,~~173~~003,~~683~~227.4313 ~~50,829~~0.0200

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances Balance Advances Totals by Delinquency Code: Total for Status Code = ~~1 (1 loans) 12,728.40 12,974.18 2,253,387.10 0.00 Total for Status Code =~~ A (5945 loans) 0.00 0.00 ~~828~~503,~~920~~003,~~296~~227.3313 ~~50,829~~0.0200 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

Filing Compare · GMAC COMMERICAL MORT SECS INC SERS 2003 C2 MORT PAS THR CERT