8-K 1 fun01c02.txt MAY 8-K UNITED STATES 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: May 14, 2004 (Date of earliest event reported) Commission File No.: 333-53266-02 First Union Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2001-C2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 52-7184008 52-2316404 52-2316405 52-2316406 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 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 May 14, 2004, a distribution was made to holders of First Union Commercial Mortgage Securities, Inc., Commercial Mortgage Pass-Through Certificates, Series 2001-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 2001-C2, relating to the May 14, 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. First Union Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2001-C2 By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: May 13, 2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2001-C2, relating to the May 14, 2004 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 First Union Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2001-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: May 14, 2004 Record Date: April 30, 2004 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 - 14 Principal Prepayment Detail 15 Historical Detail 16 Delinquency Loan Detail 17 Specially Serviced Loan Detail 18 - 20 Modified Loan Detail 21 Liquidated Loan Detail 22 Underwriter First Union Securities, Inc 201 South College Street Charlotte, NC 28288 Contact: William J. Cohane Phone Number: (704) 383-4984 Underwriter Merrill Lynch, Pierce, Fenner & Smith Inc. World Financial Center, North Tower 250 Vesey Street New York, NY 10281 Contact: John E. Gluszak Phone Number: (212) 449-1000 Master Servicer First Union National Bank Charlotte Plaza, Floor 23 NC-1075 201 South College Street Charlotte, NC 28288 Contact: Timothy S. Ryan Phone Number: (704) 593-7878 Special Servicer Lennar Partners, Inc. 760 N.W. 107th Avenue Miami, FL 33172 Contact: Steve Bruha Phone Number: (305) 229-6614 This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, 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, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 2004, Wells Fargo Bank, N.A.

Certificate Distribution Detail Class CUSIP Pass-Through Original Beginning Principal Interest Rate Balance Balance Distribution Distribution A-1 33736XBY4 6.204000% 190,553,000.00 ~~162~~161,~~050~~129,~~235~~644.1972 ~~920~~1,~~590~~098,340.4709 ~~837~~833,~~799~~040.7226 A-2 33736XBZ1 6.663000% 590,647,000.00 590,647,000.00 0.00 3,279,567.47 B 33736XCA5 6.819000% 42,565,000.00 42,565,000.00 0.00 241,875.61 C 33736XCB3 6.922000% 12,520,000.00 12,520,000.00 0.00 72,219.53 D 33736XCC1 6.951000% 12,519,000.00 12,519,000.00 0.00 72,516.31 E 33736XCD9 7.003000% 20,031,000.00 20,031,000.00 0.00 116,897.58 F 33736XCE7 7.123000% 10,015,000.00 10,015,000.00 0.00 59,447.37 G 33736XCF4 7.388000% 15,023,000.00 15,023,000.00 0.00 92,491.60 H 33736XCG2 7.487000% 17,527,000.00 17,527,000.00 0.00 109,353.87 J 33736XCH0 7.~~855920~~609062% 12,519,000.00 12,519,000.00 0.00 8179,~~956~~381.8954 K 33736XCJ6 6.460000% 15,023,000.00 15,023,000.00 0.00 80,873.82 L 33736XCK3 6.460000% 20,031,000.00 20,031,000.00 0.00 107,833.55 M 33736XCL1 6.460000% 5,008,000.00 5,008,000.00 0.00 26,959.73 N 33736XCM9 6.460000% 6,048,000.00 6,048,000.00 0.00 32,558.40 O 33736XCN7 6.460000% 5,908,000.00 5,908,000.00 0.00 31,804.73 P 33736XCP2 6.460000% 3,939,000.00 3,939,000.00 0.00 21,204.95 Q 33736XCQ0 6.460000% 21,663,038.00 21,663,038.00 0.00 109,~~116~~017.0636 V 33736XCS6 6.828000% 1,175,111.70 1,~~417~~425,~~083~~146.6889 (8,~~063~~109.2109) 8,~~063~~109.2109 Z-I N/A 0.000000% 0.00 0.00 0.00 0.00 Z-II N/A 0.000000% 0.00 0.00 0.00 0.00 R-I N/A 0.000000% 0.00 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 0.00 Totals 1,002,714,149.70 ~~974~~973,~~453~~540,~~356~~829.8761 ~~912~~1,~~527~~090,231.2600 5,~~382~~375,~~540~~152.4077

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 33736XBY4 0.00 0.00 1,~~758~~931,~~390~~380.1935 ~~161~~160,~~129~~031,~~644~~304.7263 22.7881% A-2 33736XBZ1 0.00 0.00 3,279,567.47 590,647,000.00 22.7881% B 33736XCA5 0.00 0.00 241,875.61 42,565,000.00 18.4143% C 33736XCB3 0.00 0.00 72,219.53 12,520,000.00 17.1214% D 33736XCC1 0.00 0.00 72,516.31 12,519,000.00 15.8385% E 33736XCD9 0.00 0.00 116,897.58 20,031,000.00 13.7879% F 33736XCE7 0.00 0.00 59,447.37 10,015,000.00 12.7576% G 33736XCF4 0.00 0.00 92,491.60 15,023,000.00 11.2122% H 33736XCG2 0.00 0.00 109,353.87 17,527,000.00 9.4142% J 33736XCH0 0.00 0.00 8179,~~956~~381.8954 12,519,000.00 8.1213% K 33736XCJ6 0.00 0.00 80,873.82 15,023,000.00 6.58% L 33736XCK3 0.00 0.00 107,833.55 20,031,000.00 4.52% M 33736XCL1 0.00 0.00 26,959.73 5,008,000.00 4.0001% N 33736XCM9 0.00 0.00 32,558.40 6,048,000.00 3.3839% O 33736XCN7 0.00 0.00 31,804.73 5,908,000.00 2.78% P 33736XCP2 0.00 0.00 21,204.95 3,939,000.00 2.3738% Q 33736XCQ0 0.00 0.00 109,~~116~~017.0636 21,663,038.00 0.15% V 33736XCS6 0.00 0.00 0.00 1,~~425~~433,~~146~~255.8998 0.00% Z-I N/A 0.00 0.00 0.00 0.00 0.00% Z-II N/A 0.00 0.00 0.00 0.00 0.00% R-I N/A 0.00 0.00 0.00 0.00 0.00% R-II N/A 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 6,~~295~~465,~~067~~383.6677 ~~973~~972,~~540~~450,~~829~~598.61

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount IO 33736XCR8 10.~~218576~~974486% 1,001,539,038.00 ~~973~~972,~~036~~115,~~273~~682.1972 ~~988~~789,~~099~~427.1584

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount IO 33736XCR8 0.00 ~~988~~789,~~099~~427.1584 ~~972~~971,~~115~~017,~~682~~342.7263 (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 Class CUSIP Beginning Principal Interest Prepayment Realized Loss/ Ending Balance Distribution Distribution Penalties Additional Balance Trust Fund Expenses A-1 33736XBY4 ~~850~~845.~~42080256~~58965075 45.~~83115181~~76396116 4.~~39667557~~37169848 0.00000000 0.00000000 ~~845~~839.~~58965075~~82568960 A-2 33736XBZ1 1,000.00000000 0.00000000 5.55250000 0.00000000 0.00000000 1,000.00000000 B 33736XCA5 1,000.00000000 0.00000000 5.68249994 0.00000000 0.00000000 1,000.00000000 C 33736XCB3 1,000.00000000 0.00000000 5.76833307 0.00000000 0.00000000 1,000.00000000 D 33736XCC1 1,000.00000000 0.00000000 5.79250020 0.00000000 0.00000000 1,000.00000000 E 33736XCD9 1,000.00000000 0.00000000 5.83583346 0.00000000 0.00000000 1,000.00000000 F 33736XCE7 1,000.00000000 0.00000000 5.93583325 0.00000000 0.00000000 1,000.00000000 G 33736XCF4 1,000.00000000 0.00000000 6.15666644 0.00000000 0.00000000 1,000.00000000 H 33736XCG2 1,000.00000000 0.00000000 6.23916643 0.00000000 0.00000000 1,000.00000000 J 33736XCH0 1,000.00000000 0.00000000 6.~~54660037~~34088505 0.00000000 0.00000000 1,000.00000000 K 33736XCJ6 1,000.00000000 0.00000000 5.38333356 0.00000000 0.00000000 1,000.00000000 L 33736XCK3 1,000.00000000 0.00000000 5.38333333 0.00000000 0.00000000 1,000.00000000 M 33736XCL1 1,000.00000000 0.00000000 5.38333267 0.00000000 0.00000000 1,000.00000000 N 33736XCM9 1,000.00000000 0.00000000 5.38333333 0.00000000 0.00000000 1,000.00000000 O 33736XCN7 1,000.00000000 0.00000000 5.38333277 0.00000000 0.00000000 1,000.00000000 P 33736XCP2 1,000.00000000 0.00000000 5.38333333 0.00000000 0.00000000 1,000.00000000 Q 33736XCQ0 1,000.00000000 0.00000000 5.~~03696942~~03241327 0.00000000 0.00000000 1,000.00000000 V 33736XCS6 1,~~205~~212.~~91402502~~77567911 -6.~~86165409~~90069718 6.~~86165409~~90069718 0.00000000 0.00000000 1,~~212~~219.~~77567911~~67637630 Z-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Z-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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

Class CUSIP Beginning Interest Prepayment Ending Notional Distribution Penalties Notional Amount Amount IO 33736XCR8 ~~971~~970.~~54103462~~62185880 0.~~98658076~~78821475 0.00000000 ~~970~~969.~~62185880~~52520650

Reconciliation Detail Advance Summary P & I Advances Outstanding ~~283~~344,~~938~~175.1886 Servicing Advances Outstanding ~~280~~281,~~316~~249.67 Reimbursement for Interest on P & I Advances 0.00 paid from general collections Reimbursement for Interest on Servicing 0.00 Advances paid from general collections Aggregate amount of Nonrecoverable Advances 0.00

Servicing Fee Summary Current Period Accrued Servicing Fees 43,~~506~~465.2651 Less Delinquent Servicing Fees ~~424~~521.2847 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received ~~1,562~~206.2146 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 4443,~~644~~150.1950

Certificate Interest Reconciliation Class Accrued Net Aggregate Deferred Distributable Distributable Certificate Prepayment Interest Certificate Certificate Interest Interest Amount Interest Interest Shortfall Adjustment A-1 ~~837~~833,~~799~~040.7226 0.00 0.00 ~~837~~833,~~799~~040.7226 0.00 A-2 3,279,567.47 0.00 0.00 3,279,567.47 0.00 IO ~~988~~789,~~099~~427.1584 0.00 0.00 ~~988~~789,~~099~~427.1584 0.00 B 241,875.61 0.00 0.00 241,875.61 0.00 C 72,219.53 0.00 0.00 72,219.53 0.00 D 72,516.31 0.00 0.00 72,516.31 0.00 E 116,897.58 0.00 0.00 116,897.58 0.00 F 59,447.37 0.00 0.00 59,447.37 0.00 G 92,491.60 0.00 0.00 92,491.60 0.00 H 109,353.87 0.00 0.00 109,353.87 0.00 J 8179,~~956~~381.8954 0.00 0.00 8179,~~956~~381.8954 0.00 K 80,873.82 0.00 0.00 80,873.82 0.00 L 107,833.55 0.00 0.00 107,833.55 0.00 M 26,959.73 0.00 0.00 26,959.73 0.00 N 32,558.40 0.00 0.00 32,558.40 0.00 O 31,804.73 0.00 0.00 31,804.73 0.00 P 21,204.95 0.00 0.00 21,204.95 0.00 Q 116,619.35 0.00 0.00 116,619.35 0.00 V 8,~~063~~109.2109 0.00 8,~~063~~109.2109 8,~~063~~109.2109 0.00 Total 6,~~378~~172,~~142~~182.8460 0.00 8,~~063~~109.2109 6,~~378~~172,~~142~~182.8460 0.00

Class Additional Interest Remaining Unpaid Trust Fund Distribution Distributable Expenses Certificate Interest A-1 0.00 ~~837~~833,~~799~~040.7226 0.00 A-2 0.00 3,279,567.47 0.00 IO 0.00 ~~988~~789,~~099~~427.1584 0.00 B 0.00 241,875.61 0.00 C 0.00 72,219.53 0.00 D 0.00 72,516.31 0.00 E 0.00 116,897.58 0.00 F 0.00 59,447.37 0.00 G 0.00 92,491.60 0.00 H 0.00 109,353.87 0.00 J 0.00 8179,~~956~~381.8954 0.00 K 0.00 80,873.82 0.00 L 0.00 107,833.55 0.00 M 0.00 26,959.73 0.00 N 0.00 32,558.40 0.00 O 0.00 31,804.73 0.00 P 0.00 21,204.95 0.00 Q 7,~~503~~601.2999 109,~~116~~017.0636 2937,~~901~~503.3130 V ~~8,063~~0.2100 8,~~063~~109.2109 ~~249~~257,~~402~~511.2332 Total 157,~~566~~601.5099 6,~~370~~164,~~639~~580.5561 ~~279~~295,~~303~~014.5462

Other Required Information Available Distribution Amount (1) 7,~~283~~254,~~166~~811.8161 Aggregate Number of Outstanding Loans 108 Aggregate Stated Principal Balance of Loans Before Distribution ~~974~~973,~~453~~540,~~356~~829.8761 Aggregate Stated Principal Balance of Loans After Distribution ~~973~~972,~~540~~450,~~829~~598.61 Aggregate Unpaid Principal Balance of Loans ~~973~~972,~~570~~487,~~232~~923.9962 Aggregate Amount of Servicing Fee 4443,~~644~~150.1950 Aggregate Amount of Special Servicing Fee 2,~~609~~607.0036 Aggregate Amount of Trustee Fee 1,~~783~~782.9021 Aggregate Trust Fund Expenses 0.00 Interest Reserve Deposit 0.00 Interest Reserve Withdrawal 0.00 Specially Serviced Loans not Delinquent Number of Outstanding Loans 10 Aggregate Unpaid Principal Balance ~~7,290,949~~0.6200 (1) The Available Distribution Amount includes any Prepayment Premiums.

Appraisal Reduction Amount Loan Appraisal Cumulative Date Appraisal Number Reduction ASER Reduction Amount Amount Effected 265950372 ~~642~~654,~~097~~883.1816 1924,~~589~~584.9962 0405/0810/2004 Total ~~642~~654,~~097~~883.1816 1924,~~589~~584.9962

Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 6,217,430.29 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 6,217,430.29 Principal: Scheduled Principal 1,090,231.00 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 1,090,231.00 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 7,307,661.29 Total Funds Distributed Fees: Master Servicing Fee 43,465.51 Trustee Fee 1,782.21 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 45,247.73 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 0.00 ASER Amount 4,994.63 Special Servicing Fee 2,607.36 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 7,601.99 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 6,164,580.61 Principal Distribution 1,090,231.00 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 7,254,811.61 Total Funds Distributed 7,307,661.33

Current Mortgage Loan and Property Stratification Tables Scheduled Balance Scheduled # of Scheduled % of WAM WAC Weighted Balance Loans Balance Agg. (2) Avg DSCR (1) Bal. Below 2,000,000 20 26,~~159~~103,~~344~~412.6442 2.6968 8584 7.~~7605~~7614 1.~~282238~~286400 2,000,001 to 4,000,000 20 55,~~528~~385,~~600~~298.0628 5.70 8180 7.~~6691~~6700 1.~~285189~~285146 4,000,001 to 6,000,000 23 116,~~484~~252,~~272~~077.5923 11.9795 8281 7.~~7134~~7139 1.~~420136~~419455 6,000,001 to 8,000,000 8 56,~~426~~390,~~853~~668.8529 5.80 8079 7.~~8769~~8768 1.~~695735~~687718 8,000,001 to 10,000,000 8 73,~~976~~907,~~439~~043.7031 7.60 8180 7.6300 1.~~368851~~340998 10,000,001 to 15,000,000 9 117,~~955~~876,~~575~~508.7240 12.12 8079 7.6259 1.~~390944~~401906 15,000,001 to 20,000,000 7 119,~~389~~249,~~263~~580.5137 12.26 8382 7.4668 1.~~293365~~273314 20,000,001 to 25,000,000 5 112,~~293~~224,~~546~~000.5907 11.5354 8180 7.~~7387~~7386 2.~~039212~~039469 25,000,001 to 30,000,000 2 53,~~786~~742,~~635~~438.3236 5.5253 5958 8.3627 1.~~133200~~133207 30,000,001 to 35,000,000 3 95,~~381~~295,~~703~~115.9852 9.80 8382 7.6843 1.~~095442~~108999 35,000,001 to 40,000,000 0 0.00 0.00 0 0.0000 0.000000 40,000,001 to 45,000,000 1 43,~~839~~782,~~049~~027.9838 4.50 8180 6.7940 2.100000 45,000,001 to 50,000,000 1 50,000,000.00 5.14 8180 7.7500 0.960000 50,000,001 or greater 1 52,~~319~~242,~~543~~428.6798 5.37 8281 7.5800 1.530000 Totals 108 ~~973~~972,~~540~~450,~~829~~598.61 100.00 8079 7.~~6637~~6638 1.~~438357~~436043

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alabama 3 98,~~066~~985,~~581~~127.2910 0.9392 8584 7.2200 1.316552 Arizona 1 1,~~512~~510,~~778~~642.9615 0.16 8281 7.8750 1.600000 Arkansas 1 ~~883~~882,~~933~~685.7014 0.09 8281 7.8750 1.470000 California 27 ~~224~~223,~~014~~832,~~692~~323.3373 23.0102 8079 7.~~9625~~9626 1.~~500746~~496982 Connecticut 4 12,~~788~~783,~~716~~205.9015 1.31 8180 7.8005 1.~~209248~~209076 Delaware 2 11,~~350~~334,~~983~~875.7132 1.17 8281 7.3260 1.~~380131~~340272 Florida 14 95,~~911~~824,~~637~~860.6860 9.85 7170 7.~~7826~~7825 1.~~114380~~120073 Georgia 3 18,~~080~~071,~~604~~555.9828 1.86 8281 7.7313 1.~~256995~~256876 Hawaii 1 20,~~102~~074,~~529~~464.3176 2.06 8180 8.0000 1.790000 Idaho 1 ~~862~~861,~~662~~919.2854 0.09 8281 8.0000 1.220000 Illinois 2 7,~~393~~386,~~952~~942.7388 0.76 8281 7.4876 0.~~767434~~767433 Indiana 1 12,~~310~~300,~~196~~325.1162 1.26 8584 7.4400 1.500000 Maine 1 9,~~181~~172,~~248~~383.4817 0.94 8483 7.3000 0.900000 Maryland 2 24,~~077~~057,~~635~~821.9605 2.47 7978 8.3300 1.690000 Massachusetts 3 7,~~241~~234,~~522~~431.1407 0.74 8281 7.~~8437~~8436 1.~~696830~~697074 Michigan 3 4,~~890~~870,~~335~~939.8371 0.50 9897 7.~~2275~~2285 1.~~343574~~344628 Missouri 1 2,~~402~~399,~~991~~596.2095 0.25 8281 7.8750 1.600000 Nevada 4 48,~~132~~107,~~098~~076.9794 4.9495 8281 7.3351 1.~~223557~~223525 New Jersey 5 33,~~079~~032,~~125~~683.0107 3.40 8180 7.~~5210~~5212 1.~~368751~~314761 New Mexico 1 1,~~661~~660,~~445~~186.8565 0.17 7978 8.7500 1.~~300000~~110000 New York 7 79,~~887~~819,~~734~~855.5901 8.21 8281 7.~~8245~~8246 1.~~538707~~550822 North Carolina 2 26,~~603~~577,~~456~~175.3995 2.73 8483 7.1773 1.322603 Oklahoma 1 7,~~188~~182,~~558~~794.8595 0.74 8584 7.4400 1.690000 Pennsylvania 6 82,~~697~~604,~~712~~792.1622 8.49 8180 7.~~2016~~2017 1.~~673488~~673401 South Carolina 1 11,~~573~~561,~~074~~879.7913 1.19 8483 7.2900 1.250000 Tennessee 4 9,~~722~~713,~~304~~984.5070 1.00 8281 8.~~0249~~0250 1.~~198148~~198150 Texas 26 118,~~620~~502,~~950~~302.7669 12.1819 7978 7.~~5507~~5508 1.~~479490~~479578 Virginia 6 37,~~188~~072,~~780~~316.5134 3.8281 8483 7.~~3319~~3323 1.~~492382~~482486 Washington,DC 1 52,~~319~~242,~~543~~428.6798 5.37 8281 7.5800 1.530000 Wisconsin 1 2,~~793~~789,~~039~~022.9876 0.29 8281 7.7500 0.980000 Totals 135 ~~973~~972,~~540~~450,~~829~~598.61 100.00 8079 7.~~6637~~6638 1.~~438357~~436043

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. Unknown 1 1,~~425~~433,~~146~~255.8998 0.15 ~~110~~109 6.8280 NAP 1.04 or less 18 ~~165~~178,~~004~~280,~~827~~471.4263 1618.9533 76 7.~~8193~~7999 0.~~896069~~901238 1.05 to 1.14 1011 ~~122~~110,~~144~~280,~~422~~828.3505 1211.5534 8281 7.~~4156~~4183 1.~~102815~~107889 1.15 to 1.19 42 3810,~~035~~901,~~894~~842.8491 31.9112 7779 78.~~5852~~2472 1.~~171679~~190000 1.20 to 1.24 56 1228,~~741~~140,~~384~~644.7630 12.3189 81 7.~~8346~~5145 1.~~222960~~221339 1.25 to 1.29 4 5256,~~289~~053,~~553~~393.1705 5.3776 8481 7.~~6890~~5957 1.~~256025~~273360 1.30 to 1.34 13 ~~105~~115,~~407~~765,~~380~~255.3947 1011.8390 8079 7.~~8164~~7723 1.~~317879~~317954 1.35 to 1.39 67 4349,~~923~~360,~~497~~242.1420 45.5108 8382 7.~~2603~~4022 1.~~362396~~361970 1.40 to 1.44 6 37,~~825~~793,~~776~~003.1514 3.89 7877 8.~~0161~~0162 1.~~419439~~409691 1.45 to 1.49 5 3935,~~861~~641,~~273~~297.1139 43.0967 8382 7.~~5460~~6406 1.~~476400~~469503 1.50 to 1.54 56 7783,~~541~~744,~~434~~496.5971 78.9661 8281 7.~~5636~~6496 1.~~522189~~521263 1.55 to 1.59 4 37,~~371~~348,~~524~~973.4530 3.84 8281 7.3108 1.~~578922~~578926 1.60 to 1.64 53 3321,~~605~~497,~~020~~122.5482 32.4521 7571 87.~~1808~~9482 1.~~614549~~604484 1.65 to 1.69 4 41,~~461~~424,~~242~~638.1410 4.26 8180 8.1477 1.~~681371~~681373 1.70 to 1.74 3 25,~~996~~987,~~182~~733.8486 2.67 8180 7.~~8899~~8897 1.~~718968~~718973 1.75 to 1.79 5 37,~~034~~002,~~653~~625.6373 3.80 81 80 7.~~7529~~7527 1.~~778463~~778457 1.80 to 1.89 34 914,~~949~~690,~~062~~624.9518 1.0251 79 87.~~1684~~9038 1.~~840536~~840363 1.90 to 1.94 10 ~~4,750,000~~0.00 0.4900 810 70.~~3500~~0000 10.~~930000~~000000 1.95 to 1.99 0 0.00 0.00 0 0.0000 0.000000 2.00 or greater 6 87,~~172~~104,~~552~~149.2579 8.9596 8079 7.~~3087~~3090 2.~~771277~~771761 Totals 108 ~~973~~972,~~540~~450,~~829~~598.61 100.00 8079 7.~~6637~~6638 1.~~438357~~436043

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 7 4948,~~013~~969,~~026~~973.2902 5.0304 8180 8.0950 1.~~291503~~232652 Lodging 8 61,~~341~~326,~~152~~657.9746 6.3031 8180 7.~~9256~~9255 1.~~085289~~073807 Mixed Use 3 36,~~516~~505,~~465~~307.7628 3.75 7978 7.~~8704~~8703 3.~~216707~~223678 Mobile Home Park 1 ~~879~~878,~~422~~731.0608 0.09 2120 8.5000 0.960000 Multi-Family 40 327,~~389~~147,~~325~~055.8753 33.6364 7877 7.5036 1.~~244261~~241695 Office 29 ~~281~~280,~~015~~504,~~213~~691.9960 28.8785 8180 7.~~7270~~7275 1.~~576539~~573454 Retail 27 183,~~266~~046,~~164~~319.4628 18.82 8483 7.~~5651~~5652 1.~~361097~~376424 Self Storage 20 34,~~120~~071,~~058~~863.2136 3.50 8281 7.8750 1.532426 Totals 135 ~~973~~972,~~540~~450,~~829~~598.61 100.00 8079 7.~~6637~~6638 1.~~438357~~436043

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 6.999% or less 7 54,~~183~~076,~~708~~374.3313 5.5756 8786 6.~~8086~~8085 1.~~865840~~866235 7.000% to 7.249% 14 130,~~625~~276,~~202~~487.9580 13.4240 8382 7.~~1762~~1761 1.~~267500~~267262 7.250% to 7.499% 22 224,~~470~~318,~~219~~440.6973 23.0607 8180 7.3439 1.~~385108~~385568 7.500% to 7.749% 14 119,~~697~~560,~~821~~578.5806 12.3029 8281 7.6058 1.~~389480~~363429 7.750% to 7.999% 18 190,~~790~~672,~~916~~010.0065 19.6061 8281 7.~~8028~~8027 1.~~673968~~680395 8.000% to 8.249% 15 130,~~255~~133,~~994~~534.1852 13.38 7372 8.0486 1.~~160221~~175600 8.250% to 8.499% 8 44,~~697~~660,~~586~~904.2741 4.59 7574 8.3466 1.~~590780~~557848 8.500% to 8.749% 8 62,~~628~~573,~~031~~276.7311 6.43 7675 8.6570 1.~~473636~~462498 8.750% or greater 2 16,~~191~~178,~~348~~992.8820 1.66 7574 8.8577 1.~~389739~~370242 Totals 108 ~~973~~972,~~540~~450,~~829~~598.61 100.00 8079 7.~~6637~~6638 1.~~438357~~436043

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less 0 0.00 0.00 0 0.0000 0.000000 13 to 24 months 0 0.00 0.00 0 0.0000 0.000000 25 to 36 months 2718 ~~200~~100,~~096~~533,~~096~~864.1896 2010.5534 85 7.~~3810~~4238 1.~~278349~~329411 37 to 48 months 8190 ~~773~~871,~~444~~916,733.4365 7989.4566 79 7.~~7368~~6915 1.~~479752~~448338 49 months and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 108 ~~973~~972,~~540~~450,~~829~~598.61 100.00 8079 7.~~6637~~6638 1.~~438357~~436043

Anticipated Remaining Term (ARD and Balloon Loans) Anticipated # of Scheduled % of WAM WAC Weighted Remaining Term (2) Loans Balance Agg. (2) Avg DSCR (1) Bal. 60 months or less 3 3231,~~004~~977,~~710~~427.8896 3.29 4241 8.0865 1.~~027326~~027327 61 to 84 months 8789 ~~828~~847,~~592~~352,~~206~~005.2350 8587.1114 8180 7.~~6692~~6639 1.~~390114~~390382 85 to 108 months 31 5131,~~493~~966,~~189~~520.5777 53.29 8685 7.~~6450~~7700 1.~~371191~~280000 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 93 ~~912~~911,~~090~~295,~~106~~954.6823 93.6971 8079 7.~~6824~~6825 1.~~376316~~373770

Remaining Stated Term (Fully Amortizing Loans) Remaining Stated # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 108 months or less 9 5150,~~106~~860,~~064~~297.5863 5.2523 8281 7.~~4895~~4908 2.~~659938~~665979 109 to 120 months 6 10,~~344~~294,~~658~~346.3575 1.06 ~~110~~109 6.8703 0.~~873508~~872027 121 to 144 months 0 0.00 0.00 0 0.0000 0.000000 145 to 300 months 0 0.00 0.00 0 0.0000 0.000000 301 to 348 months 0 0.00 0.00 0 0.0000 0.000000 349 to 360 months 0 0.00 0.00 0 0.0000 0.000000 361 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 15 61,~~450~~154,~~722~~644.9338 6.3129 8786 7.~~3853~~3864 2.~~359209~~363998

Remaining Amortization Term (ARD and Balloon Loans) Remaining Amortization # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. Interest Only 7 61,250,000.00 6.2930 8180 7.3500 1.~~639429~~632449 108 months or less 0 0.00 0.00 0 0.0000 0.000000 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 144 months 0 0.00 0.00 0 0.0000 0.000000 145 to 300 months 12 247,~~861~~581,~~440~~014.67 25.46 8180 7.~~5587~~5588 1.~~505668~~499624 301 to 348 months 73 ~~595~~594,~~053~~542,~~189~~324.5895 61.1214 7978 7.7656 1.~~268000~~267312 349 to 360 months 0 0.00 0.00 0 0.0000 0.000000 361 months or greater 1 7,~~925~~922,~~476~~614.4361 0.81 8079 7.8800 3.430000 Totals 93 ~~912~~911,~~090~~295,~~106~~954.6823 93.6971 8079 7.~~6824~~6825 1.~~376316~~373770

Age of Most Recent NOI Age of Most # of Scheduled % of WAM WAC Weighted Recent NOI Loans Balance Agg. (2) Avg DSCR (1) Bal. Underwriter's Information 1 3,~~886~~883,~~648~~021.9843 0.40 8180 7.6000 1.230000 Unknown 1 1,~~425~~433,~~146~~255.8998 0.15 ~~110~~109 6.8280 NAP 1 year or less 9192 912,~~074~~731,~~524~~876.9429 93.6986 8079 7.~~6669~~6690 1.~~454184~~453056 1 to 2 years 1514 5654,~~154~~402,~~508~~444.8091 5.7759 8483 7.~~6374~~6039 1.~~232223~~203144 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 108 ~~973~~972,~~540~~450,~~829~~598.61 100.00 8079 7.~~6637~~6638 1.~~438357~~436043 (1) The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. "NAP" means not applicable and relates to the ommission of credit lease loans in the calculation of DSCR. (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 265950394 1 OF Washington DC ~~341~~330,~~929~~485.9312 6577,~~669~~114.8869 7.580% 265950357 2 LO Various Various ~~333~~322,~~680~~916.5667 0.00 7.750% 510000162 3 OF Philadelphia PA ~~256~~248,~~759~~202.0309 4857,~~465~~022.6660 6.794% 265950334 4 MF La Jolla CA ~~230~~222,~~566~~987.7595 2128,~~096~~675.3515 8.030% 510000172 5 RT Islip NY ~~214~~207,~~209~~163.0696 2027,~~868~~913.7484 7.770% 603000006 6 MF Tallahassee FL ~~186~~180,~~803~~634.8877 2329,~~830~~999.3647 7.210% 603000007 7 MF Various FL ~~193~~187,~~587~~224.1559 1723,~~562~~924.1571 8.050% 603000008 8 OF Anaheim CA ~~193~~187,~~968~~611.9400 1320,~~914~~272.3125 8.700% 510000146 9 OF Gaithersburg MD ~~172~~167,~~811~~138.6692 1419,~~142~~814.1791 8.330% 265950525 10 MU Sacramento CA 154,375.00 0.00 7.800% 265950455 11 MF Las Vegas NV ~~142~~138,~~793~~187.7550 0.00 7.370% 265950554 12 OF New York NY ~~134~~130,~~906~~451.0251 1721,~~212~~667.5506 7.160% 510000160 13 RT Kaneohe HI ~~138~~134,~~645~~016.5486 2328,~~435~~064.8755 8.000% 265950520 14 MF Las Vegas NV ~~121~~117,~~564~~548.4914 1620,~~063~~080.8621 7.090% 510000165 15 SS Various Various ~~120~~116,~~411~~389.45 21 25,~~029~~051.2953 7.875% 265950445 16 IN Lake Forest CA ~~115~~111,~~801~~989.0166 1115,~~818~~630.8621 7.700% 265950532 17 RT Asheboro NC ~~103~~100,~~699~~276.8008 1316,~~134~~558.3709 7.178% 510000166 18 SS Various Various ~~111~~107,~~239~~523.5467 1923,~~427~~143.4532 7.875% 265950489 19 MF Riverside CA 9995,~~181~~907.0180 1215,~~101~~374.7596 7.320% 265950448 20 MF Neptune City NJ 9693,~~486~~249.8889 2023,~~607~~844.8382 7.250% 265950378 21 MF Irving TX 9491,~~937~~875.5000 0.00 7.350% 510000129 22 OF New York NY ~~111~~107,~~037~~400.1920 711,~~460~~097.4948 8.870% 503000023 23 MF Moon Township PA 8986,~~535~~581.5977 1013,~~661~~615.7254 7.380% 265950381 24 MF Irving TX 9087,~~190~~281.6325 0.00 7.350% 265950457 25 RT Woodbridge VA 7875,~~259~~676.2398 912,~~493~~076.8510 7.300% 265950614 26 MF Bloomington IN 7876,~~913~~323.9622 79,~~279~~870.7549 7.440% 265950322 27 OF Bensalem Township PA 8481,~~750~~966.5311 710,~~449~~233.3779 8.140% 265950611 28 RT Los Angeles CA 7472,~~649~~189.8519 810,~~517~~978.6026 7.410% 503000029 29 RT Bluffton SC 7270,~~705~~306.2043 811,~~796~~195.8966 7.290% 265950533 30 RT Randleman NC 6058,~~849~~840.5453 79,~~713~~722.3435 7.176% 510000153 31 IN Santa Cruz CA 7168,~~243~~910.9905 47,~~958~~292.8983 8.650% 265950386 32 MF Dallas TX 6058,~~127~~187.0850 0.00 7.350% 265950400 33 RT Chesapeake VA 5957,~~619~~653.5076 68,~~805~~771.8862 7.500% 265950450 34 MF Wilmington DE 5654,~~581~~683.8158 1213,~~084~~983.8407 7.250% 510000169 35 RT Bangor ME 5755,~~758~~852.1059 68,~~959~~865.8031 7.300% 265950449 36 MF Matawan NJ 5553,~~390~~532.6135 1113,~~830~~688.4369 7.250% 510000128 37 IN Sunnyvale CA 6462,~~831~~704.3056 47,~~945~~072.7852 8.590% 265330988 38 MU Santa Monica CA 5352,~~884~~111.6595 56,~~211~~984.8353 7.940% 510000151 39 OF New York NY 5352,~~786~~043.3696 12,~~119~~861.4282 7.880% 265950566 40 OF Richmond VA 3635,~~763~~269.5878 5152,~~170~~664.5535 7.220% 265330998 41 OF Los Angeles CA 5250,~~274~~558.5428 46,~~334~~050.3056 8.300% 265330995 42 OF San Francisco CA 5048,~~259~~606.4233 46,~~772~~426.9201 8.000% 265950562 43 OF Houston TX 3534,~~783~~329.2226 4951,~~806~~259.0096 7.220% 265950619 44 MF Norman OK 4644,~~081~~569.9406 45,~~251~~763.0290 7.440% 265330972 45 LO Sabal Park FL 4745,~~518~~938.8572 68,~~518~~098.6174 8.700% 265950561 46 OF Birmingham AL 3130,~~861~~567.7715 4445,~~347~~642.8143 7.220% 265950377 47 MF Richardson TX 3938,~~557~~281.2925 0.00 7.350% 265950384 48 MF Bedford TX 3938,~~557~~281.2925 0.00 7.350% 510000168 49 RT Jacksonville FL 3735,~~131~~906.3493 45,~~329~~554.6203 7.380% 510000148 50 OF Parsippany NJ 4140,~~967~~591.9426 34,~~237~~614.6028 8.480% 510000144 51 RT Los Angeles CA 4039,~~866~~526.2406 34,~~083~~423.0826 8.530% 265950348 52 OF Austin TX 3533,~~075~~920.0022 34,~~611~~766.2604 7.750% 265950458 53 MF Safety Harbor FL 3433,~~931~~781.6892 34,~~542~~691.1288 7.770% 265950395 54 IN Augusta GA 3433,~~661~~520.1249 34,~~487~~628.8346 7.750% 265950387 55 MF Dallas TX 3332,~~228~~156.1325 0.00 7.350% 510000163 56 MF Joliet IL 3231,~~970~~883.4855 34,~~738~~825.2821 7.500% 265950456 57 OF Alexandria VA 3231,~~431~~362.4726 34,~~714~~783.2849 7.440% 265330973 58 LO Tallahassee FL 3736,~~532~~284.6963 56,~~148~~396.7177 8.700% 265950321 59 MU Las Vegas NV 3433,~~133~~011.2558 34,~~052~~173.2895 8.100% 510000156 60 MF Lafayette Hills PA 2928,~~800~~815.2654 34,~~936~~921.3002 7.140% 265950435 61 RT Morrow GA 3130,~~990~~937.7322 34,~~367~~421.7324 7.680% 510000152 62 MF Monterey CA 3130,~~608~~566.3089 34,~~427~~468.4990 7.625% 265950390 63 RT Cupertino CA 3130,~~632~~590.5596 34,~~302~~344.5009 7.700% 265950444 64 OF San Clemente CA 3130,~~505~~468.6469 34,~~215~~252.5247 7.700% 265950382 65 MF San Antonio TX 3029,~~063~~093.5475 0.00 7.350% 510000159 66 RT Austin TX 3130,~~561~~524.9431 23,~~924~~962.9962 8.000% 265950349 67 OF Austin TX 2928,~~229~~266.1785 3,~~009~~971.3870 7.750% 265950565 68 OF Richmond VA 2019,~~587~~751.6108 2829,~~655~~492.5003 7.220% 510000145 69 RT Jacksonville FL 2827,~~295~~366.9213 23,~~499~~429.4221 8.170% 503000070 70 OF Pittsburgh PA 2726,~~006~~117.2488 23,~~611~~499.0844 7.900% 603000071 71 MF Patton Township PA 2524,~~454~~615.2144 23,~~788~~627.7855 7.600% 265950317 72 IN Memphis TN 2524,~~257~~428.7742 2,~~149~~978.3974 8.140% 825999645 73 RT Galt CA 1615,~~042~~938.4498 17,~~884~~987.1460 6.942% 265950370 74 MF Pasadena TX 22,~~971~~217.6643 12,~~913~~667.0023 8.290% 510000164 75 MF Farmers Branch TX 2019,~~410~~737.3044 2,~~314~~987.1703 7.500% 265950372 76 MF Arlington TX 2221,~~070~~346.7644 12,~~812~~536.4880 8.180% 265950560 77 OF Birmingham AL 14,~~705~~107.4391 2021,~~468~~065.2274 7.220% 265950563 78 OF Houston TX 14,~~705~~107.4391 2021,~~468~~065.2274 7.220% 265950459 79 RT Palm Beach Gardens FL 18,~~766~~148.8867 2,~~016~~635.9617 7.630% 265950422 80 IN Green Bay WI 18,~~662~~038.3138 34,~~393~~017.2922 7.750% 510000161 81 OF Healdsburg CA 1918,~~149~~520.9244 12,~~762~~391.3785 8.000% 825999649 82 RT Palm Desert CA 12,~~561~~479.0659 14,~~318~~400.9441 6.828% 265950365 83 MF Newark DE 1514,~~111~~614.8200 12,~~627~~125.5032 7.625% 265950328 84 RT Sterling IL 14,~~738~~252.2223 12,~~698~~184.6564 7.460% 265950481 85 MF Detroit MI 14,~~748~~262.6398 12,~~554~~040.3702 7.640% 265950431 86 RT Stamford CT 14,~~920~~429.5379 1,~~432~~923.5933 7.900% 510000158 87 MF Johnson Ciy TN 14,~~505~~028.0620 1,~~344~~821.2511 8.000% 265330960 88 MF Clarksville TN 1413,~~201~~734.4018 1,~~387~~854.5981 7.875% 265950559 89 OF Birmingham AL 109,~~293~~875.8054 14,~~327~~746.7602 7.220% 265950369 90 MF Woburn MA 1312,~~131~~708.9433 0.00 7.625% 265330945 91 OF San Francisco CA 1312,~~026~~597.4987 1,~~301~~730.7537 7.750% 510000157 92 MF Johnson Ciy TN 1312,~~262~~826.7371 1,~~229~~665.1214 8.000% 825999532 93 RT Portage MI 8,~~332~~279.6706 9,~~203~~256.1677 6.990% 510000154 94 IN Plano TX 11,~~416~~040.0271 1,~~057~~433.9829 8.000% 510000149 95 RT Albuquerque NM 12,~~524~~114.9371 ~~848~~1,259.9820 8.750% 825999737 96 RT Roanoke VA 7,~~556~~507.4744 8,~~627~~676.5558 6.820% 825999799 97 RT Warren MI 6,~~957~~911.1989 8,~~054~~099.0333 6.750% 265950312 98 OF Encino CA 10,~~482~~138.5264 ~~812~~1,156.2715 8.470% 265950564 99 OF San Antonio TX 6,~~862~~583.5469 9,~~551~~830.8368 7.220% 265950440 100 MF Naples FL 8,~~459~~181.9970 ~~820~~1,099.9019 7.875% 265950353 101 OF White Plains NY 8,~~747~~460.2902 ~~741~~1,028.2148 8.250% 265950367 102 MF Stuart FL 8,~~519~~239.3485 ~~668~~947.4291 8.400% 265330909 103 MH Roanoke TX 6,~~440~~229.3924 ~~479~~690.8398 8.500% 265950423 104 RT Meridian ID 5,~~946~~751.5508 ~~547~~742.2774 8.000% 265950429 105 MF Carson City NV 5,~~650~~464.9792 ~~581~~767.8287 7.750% 265950409 106 RT Long Beach CA 4,~~761~~605.0800 ~~352~~508.1927 8.500% 265950428 107 MF Brookline MA 3,~~669~~549.8347 ~~281~~402.9834 8.415% 825999649 108 RT Palm Desert CA 8,~~063~~109.2109 (8,~~063~~109.2109) 6.828% Totals 6,~~423~~217,~~432~~430.9929 ~~912~~1,~~527~~090,231.2600

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 265950394 N/A 02/01/2011 N 52,~~385~~319,~~213~~543.5567 52,~~319~~242,~~543~~428.6798 0405/01/2004 265950357 N/A 01/01/2011 N 50,000,000.00 50,000,000.00 0405/01/2004 510000162 01/31/2011 01/01/2029 N 43,~~887~~839,~~515~~049.6498 43,~~839~~782,~~049~~027.9838 0405/01/2004 265950334 N/A 01/01/2011 N 33,~~344~~323,~~326~~230.3500 33,~~323~~294,~~230~~554.0085 0405/01/2004 510000172 06/01/2011 06/01/2031 N 3231,~~015~~994,~~303~~434.3561 31,~~994~~966,~~434~~520.6177 0405/01/2004 603000006 02/01/2011 02/01/2031 N 30,~~087~~064,~~869~~039.7337 30,~~064~~034,039.3790 0405/01/2004 603000007 N/A 01/01/2008 N 27,~~926~~909,~~818~~256.2409 27,~~909~~885,~~256~~331.0938 0405/01/2004 603000008 07/01/2010 07/01/2030 N 25,~~891~~877,~~293~~379.5423 25,~~877~~857,~~379~~106.2398 0405/01/2004 510000146 11/01/2010 11/01/2030 N 24,~~091~~077,~~778~~635.1396 24,~~077~~057,~~635~~821.9605 0405/01/2004 265950525 N/A 11/10/2010 N 23,750,000.00 23,750,000.00 0405/10/2004 265950455 N/A 01/01/2011 N 22,500,000.00 22,500,000.00 0405/01/2004 265950554 04/01/2011 04/01/2031 N 21,~~880~~863,~~593~~381.8732 21,~~863~~841,~~381~~714.3226 0405/01/2004 510000160 N/A 01/01/2011 N 20,~~125~~102,~~965~~529.1831 20,~~102~~074,~~529~~464.3176 0405/01/2004 265950520 N/A 03/01/2011 N 19,~~911~~895,~~377~~313.2842 19,~~895~~875,~~313~~233.4221 0405/01/2004 510000165 02/01/2011 02/01/2026 N 17,~~756~~735,~~527~~498.6637 17,~~735~~710,~~498~~446.3784 0405/01/2004 265950445 N/A 04/01/2011 N 17,~~464~~452,~~752~~933.4559 17,~~452~~437,~~933~~303.5938 0405/01/2004 265950532 N/A 04/01/2011 N 16,~~777~~763,~~037~~902.3396 16,~~763~~747,~~902~~344.9687 0405/01/2004 510000166 02/01/2011 02/01/2026 N 16,~~403~~384,~~987~~559.2883 16,~~384~~361,~~559~~416.8351 0405/01/2004 265950489 N/A 02/01/2011 N 15,~~734~~722,~~691~~590.9621 15,~~722~~707,~~590~~215.2125 0405/01/2004 265950448 N/A 02/01/2011 N 15,~~455~~434,~~072~~465.9613 15,~~434~~410,~~465~~620.1331 0405/01/2004 265950378 N/A 01/01/2011 N 15,000,000.00 15,000,000.00 0405/01/2004 510000129 N/A 06/01/2010 N 14,~~537~~529,~~363~~903.5203 14,~~529~~518,~~903~~805.0355 0405/01/2004 503000023 N/A 02/01/2011 N 14,~~088~~078,~~998~~336.5987 14,~~078~~064,~~336~~721.8733 0405/01/2004 265950381 N/A 01/01/2011 N 14,250,000.00 14,250,000.00 0405/01/2004 265950457 N/A 03/01/2011 N 12,~~449~~440,~~545~~051.3449 12,~~440~~427,~~051~~975.4939 0405/01/2004 265950614 N/A 05/01/2011 N 12,~~317~~310,~~475~~196.8611 12,~~310~~300,~~196~~325.1162 0405/01/2004 265950322 N/A 12/01/2010 N 12,~~090~~083,~~905~~455.3093 12,~~083~~073,~~455~~222.9314 0405/01/2004 265950611 N/A 11/01/2009 N 11,~~699~~690,~~075~~557.1050 11,~~690~~679,~~557~~579.5024 0405/01/2004 503000029 N/A 04/01/2011 N 11,~~581~~573,~~871~~074.6879 11,~~573~~561,~~074~~879.7913 0405/01/2004 265950533 N/A 04/01/2011 N 9,~~847~~839,~~266~~553.7743 9,~~839~~829,~~553~~831.4308 0405/01/2004 510000153 N/A 01/01/2011 N 9,~~564~~559,~~734~~775.3445 9,~~559~~552,~~775~~482.4562 0405/01/2004 265950386 N/A 01/01/2011 N 9,500,000.00 9,500,000.00 0405/01/2004 265950400 N/A 01/01/2011 N 9,~~231~~224,~~406~~601.9810 9,~~224~~215,~~601~~829.1048 0405/01/2004 265950450 N/A 02/01/2011 N 9,~~063~~051,~~160~~075.1329 9,~~051~~037,~~075~~092.2922 0405/01/2004 510000169 N/A 04/01/2011 N 9,~~188~~181,~~208~~248.2848 9,~~181~~172,~~248~~383.4817 0405/01/2004 265950449 N/A 02/01/2011 N 8,~~872~~860,~~356~~526.5714 8,~~860~~846,~~526~~837.1445 0405/01/2004 510000128 N/A 06/01/2010 N 8,~~764~~759,~~605~~659.5981 8,~~759~~752,~~659~~587.8129 0405/01/2004 265330988 N/A 11/01/2010 N 7,~~881~~875,~~073~~861.8299 7,~~875~~868,~~861~~877.9946 0405/01/2004 510000151 N/A 12/01/2010 N 7,~~926~~925,~~595~~476.8543 7,~~925~~922,~~476~~614.4361 0405/01/2004 265950566 N/A 05/01/2011 N 5,~~913~~862,~~184~~013.3378 5,~~862~~809,~~013~~349.7843 0405/01/2004 265330998 11/01/2010 11/01/2030 N 7,~~313~~309,~~965~~631.4515 7,~~309~~303,~~631~~580.1559 0405/01/2004 265330995 N/A 10/01/2010 N 7,~~295~~290,~~722~~949.5462 7,~~290~~284,~~949~~523.6261 04/01/2004 265950562 N/A 05/01/2011 N 5,~~755~~705,~~499~~693.43 5,~~705~~654,~~693~~433.4347 0405/01/2004 265950619 N/A 05/01/2011 N 7,~~192~~188,~~809~~558.8785 7,~~188~~182,~~558~~794.8595 0405/01/2004 265330972 N/A 11/01/2010 N 6,~~342~~336,~~894~~375.4281 6,~~336~~328,~~375~~277.8107 0405/01/2004 265950561 N/A 05/01/2011 N 5,~~124~~080,~~759~~411.7594 5,~~080~~034,~~411~~769.9451 0405/01/2004 265950377 N/A 01/01/2011 N 6,250,000.00 6,250,000.00 0405/01/2004 265950384 N/A 01/01/2011 N 6,250,000.00 6,250,000.00 0405/01/2004 510000168 N/A 04/01/2011 N 5,~~842~~838,~~854~~525.7109 5,~~838~~832,~~525~~971.0906 0405/01/2004 510000148 N/A 10/01/2010 N 5,~~747~~744,~~283~~046.8222 5,~~744~~739,~~046~~431.2294 0405/01/2004 510000144 N/A 10/01/2010 N 5,~~563~~560,~~607~~524.3123 5,~~560~~556,~~524~~100.2397 0405/01/2004 265950348 N/A 01/01/2011 N 5,~~255~~252,~~775~~163.0680 5,~~252~~247,~~163~~397.8076 0405/01/2004 265950458 N/A 02/01/2011 N 5,~~220~~217,~~826~~284.9886 5,~~217~~212,~~284~~592.8698 0405/01/2004 265950395 N/A 03/01/2011 N 5,~~193~~190,~~758~~270.0017 5,~~190~~185,~~270~~641.1771 0405/01/2004 265950387 N/A 01/01/2011 N 5,250,000.00 5,250,000.00 0405/01/2004 510000163 N/A 02/01/2011 N 5,~~105~~101,~~106~~368.4820 5,~~101~~096,~~368~~542.2099 0405/01/2004 265950456 N/A 03/01/2011 N 5,~~062~~058,~~143~~429.4921 5,~~058~~053,~~429~~645.2172 0405/01/2004 265330973 N/A 11/01/2010 N 5,~~009~~004,~~925~~777.8716 54,~~004~~998,~~777~~380.1639 0405/01/2004 265950321 N/A 12/01/2010 N 4,~~893~~890,~~656~~603.0577 4,~~890~~886,~~603~~429.7782 0405/01/2004 510000156 N/A 01/01/2011 N 4,~~846~~842,~~884~~947.1787 4,~~842~~838,~~947~~026.8785 0405/01/2004 265950435 N/A 02/01/2011 N 4,~~837~~833,~~307~~940.7805 4,~~833~~829,~~940~~518.0581 0405/01/2004 510000152 N/A 01/01/2011 N 4,~~813~~810,~~955~~527.0758 4,~~810~~806,~~527~~058.5868 0405/01/2004 265950390 N/A 02/01/2011 N 4,~~770~~767,~~724~~422.5707 4,~~767~~763,~~422~~077.0798 0405/01/2004 265950444 N/A 04/01/2011 N 4,~~751~~748,~~583~~368.5200 4,~~748~~744,~~368~~115.0053 0405/01/2004 265950382 N/A 01/01/2011 N 4,750,000.00 4,750,000.00 0405/01/2004 510000159 N/A 01/01/2011 N 4,~~581~~578,~~572~~647.1819 4,~~578~~574,~~647~~684.1957 0405/01/2004 265950349 N/A 01/01/2011 N 4,~~379~~376,~~812~~803.5618 4,~~376~~372,~~803~~831.1848 0405/01/2004 265950565 N/A 05/01/2011 N 3,~~311~~282,~~383~~727.3383 3,~~282~~253,~~727~~235.8380 0405/01/2004 510000145 10/01/2010 10/01/2030 N 4,~~022~~019,~~004~~504.2179 4,~~019~~016,~~504~~075.7958 0405/01/2004 503000070 N/A 01/01/2011 N 3,~~969~~967,~~883~~272.6153 3,~~967~~963,~~272~~773.5309 0405/01/2004 603000071 N/A 01/01/2011 N 3,~~889~~886,~~437~~648.7698 3,~~886~~883,~~648~~021.9843 0405/01/2004 265950317 N/A 03/01/2011 N 3,~~603~~601,~~390~~241.4506 3,~~601~~598,~~241~~262.0632 0405/01/2004 825999645 N/A 06/01/2013 N 2,~~773~~755,~~110~~226.5844 2,~~755~~737,~~226~~238.4484 0405/01/2004 265950370 N/A 11/01/2005 N 3,~~217~~216,~~945~~032.73 3,~~216~~213,~~032~~365.7350 0405/01/2004 510000164 N/A 02/01/2011 N 3,~~160~~157,~~304~~989.0588 3,~~157~~155,~~989~~002.8885 0305/01/2004 265950372 N/A 11/01/2010 N 3,~~133~~131,~~319~~507.6012 3,~~131~~128,~~507~~970.1232 09/01/2003 265950560 N/A 05/01/2011 N 2,~~365~~344,~~273~~805.8361 2,~~344~~323,~~805~~739.6187 0405/01/2004 265950563 N/A 05/01/2011 N 2,~~365~~344,~~273~~805.8361 2,~~344~~323,~~805~~739.6187 0405/01/2004 265950459 N/A 02/01/2011 N 2,~~856~~854,~~329~~312.0105 2,~~854~~851,~~312~~676.0588 0405/01/2004 265950422 N/A 02/01/2011 N 2,~~796~~793,~~433~~039.2798 2,~~793~~789,~~039~~022.9876 0405/01/2004 510000161 N/A 02/01/2011 N 2,~~779~~778,~~827~~065.7740 2,~~778~~775,~~065~~673.4055 0405/01/2004 825999649 N/A 06/01/2013 N 2,~~207~~193,~~569~~250.0208 2,~~193~~178,~~250~~849.0867 0405/01/2004 265950365 N/A 02/01/2011 N 2,~~301~~299,~~535~~908.9242 2,~~299~~297,~~908~~783.4210 0405/01/2004 265950328 N/A 02/01/2011 N 2,~~294~~292,~~283~~584.1853 2,~~292~~290,~~584~~399.5389 0405/01/2004 265950481 N/A 03/01/2011 N 2,~~241~~240,~~812~~257.3699 2,~~240~~238,~~257~~217.9997 0405/01/2004 265950431 N/A 02/01/2011 N 2,~~193~~191,~~298~~866.9233 2,~~191~~189,~~866~~943.3300 0405/01/2004 510000158 N/A 01/01/2011 N 2,~~105~~104,~~573~~229.6944 2,~~104~~102,~~229~~408.4433 0405/01/2004 265330960 N/A 01/01/2011 N 2,~~094~~092,~~215~~828.6405 2,~~092~~090,~~828~~973.0524 09/01/2003 265950559 N/A 05/01/2011 N 1,~~655~~641,~~691~~363.5074 1,~~641~~626,~~363~~617.7472 0405/01/2004 265950369 N/A 01/01/2011 N 2,000,000.00 2,000,000.00 0405/01/2004 265330945 N/A 04/01/2011 N 1,~~951~~950,~~940~~638.2752 1,~~950~~948,~~638~~908.5215 0405/01/2004 510000157 N/A 01/01/2011 N 1,~~925~~924,~~235~~005.0795 1,~~924~~922,~~005~~340.9581 0405/01/2004 825999532 N/A 06/01/2013 N 1,~~430~~421,~~501~~297.0185 1,~~421~~412,~~297~~041.8508 0405/01/2004 510000154 N/A 01/01/2011 N 1,~~657~~656,~~164~~106.2123 1,~~656~~654,~~106~~672.2394 0405/01/2004 510000149 N/A 11/01/2010 N 1,~~662~~661,~~294~~445.8385 1,~~661~~660,~~445~~186.8565 0405/01/2004 825999737 N/A 06/01/2013 N 1,~~329~~320,~~584~~957.6510 1,~~320~~312,~~957~~280.1052 0405/01/2004 825999799 N/A 06/01/2013 N 1,~~236~~228,~~834~~779.0299 1,~~228~~220,~~779~~680.9966 0405/01/2004 265950312 N/A 10/01/2010 N 1,~~437~~436,~~219~~407.6639 1,~~436~~435,~~407~~251.3924 0405/01/2004 265950564 N/A 05/01/2011 N 1,~~103~~094,~~794~~242.4764 1,~~094~~084,~~242~~411.6496 0405/01/2004 265950440 N/A 02/01/2011 N 1,~~247~~246,~~556~~735.4757 1,~~246~~245,~~735~~636.5738 0405/01/2004 265950353 N/A 11/01/2010 N 1,~~231~~230,~~290~~548.0584 1,~~230~~229,~~548~~520.8436 0405/01/2004 265950367 N/A 12/01/2010 N 1,177,~~789~~120.3896 1,~~177~~176,~~120~~173.9605 0405/01/2004 265330909 N/A 01/01/2006 N 879,~~901~~422.8906 ~~879~~878,~~422~~731.0608 0405/01/2004 265950423 N/A 02/01/2011 N ~~863,209.55~~ 862,662.28 04861,919.54 05/01/2004 265950429 N/A 01/01/2011 N 846,~~763~~181.6078 ~~846~~845,~~181~~413.7891 0305/01/2004 265950409 N/A 02/01/2011 N 650,~~470~~117.1798 ~~650~~649,~~117~~609.9871 0405/01/2004 265950428 N/A 02/01/2011 N 506,~~445~~163.0002 ~~506~~505,~~163~~760.0268 0405/01/2004 825999649 N/A 06/01/2013 N 1,~~417~~425,~~083~~146.6889 1,~~425~~433,~~146~~255.8998 0405/01/2004 Totals ~~974~~973,~~453~~540,~~356~~829.8761 ~~973~~972,~~540~~450,~~829~~598.61

Loan Appraisal Appraisal Res. Mod. Number Reduction Reduction Strat. Code Date Amount (2) (3) 265330995 13 265950372 0405/0810/2004 ~~642~~654,~~097~~883.1816 7 265330960 2 Totals ~~642~~654,~~097~~883.1816 (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 IW - Industrial/Warehouse (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 Date # Balance # Balance # Balance 05/14/2004 0 $0.00 0 $0.00 0 $0.00 04/14/2004 0 $0.00 0 $0.00 1 $2,092,828.05 03/12/2004 0 $0.00 0 $0.00 1 $2,094,215.64 02/13/2004 0 $0.00 0 $0.00 1 $2,096,504.93 01/14/2004 0 $0.00 0 $0.00 1 $2,097,867.75 12/12/2003 0 $0.00 1 $2,099,221.39 0 $0.00 11/17/2003 1 $2,101,022.42 0 $0.00 0 $0.00 10/15/2003 0 $0.00 0 $0.00 0 $0.00 09/12/2003 1 $3,146,707.14 0 $0.00 0 $0.00 08/14/2003 1 $3,148,413.31 0 $0.00 0 $0.00 07/14/2003 1 $3,150,107.54 0 $0.00 0 $0.00 06/13/2003 0 $0.00 0 $0.00 0 $0.00 ~~05/14/2003 0 $0.00 0 $0.00 0 $0.00~~

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 05/14/2004 1 $2,090,973.24 1 $3,128,970.32 0 $0.00 04/14/2004 0 $0.00 1 $3,131,507.12 0 $0.00 03/12/2004 0 $0.00 1 $3,133,319.60 0 $0.00 02/13/2004 0 $0.00 1 $3,136,534.82 0 $0.00 01/14/2004 0 $0.00 1 $3,138,312.14 0 $0.00 12/12/2003 0 $0.00 1 $3,140,077.03 0 $0.00 11/17/2003 0 $0.00 1 $3,142,538.63 0 $0.00 10/15/2003 0 $0.00 1 $3,144,273.95 0 $0.00 09/12/2003 0 $0.00 0 $0.00 0 $0.00 08/14/2003 0 $0.00 0 $0.00 0 $0.00 07/14/2003 0 $0.00 0 $0.00 0 $0.00 06/13/2003 0 $0.00 0 $0.00 0 $0.00 ~~05/14/2003 0 $0.00 0 $0.00 0 $0.00~~

Prepayments Rate and Maturities Distribution Curtailments Payoff Next Weighted Avg. WAM Date # Amount # Amount Coupon Remit 05/14/2004 0 $0.00 0 $0.00 7.663844% 7.604857% 79 04/14/2004 0 $0.00 0 $0.00 7.663691% 7.604704% 80 03/12/2004 0 $0.00 0 $0.00 7.663528% 7.604542% 81 02/13/2004 0 $0.00 0 $0.00 7.663388% 7.604403% 82 01/14/2004 0 $0.00 0 $0.00 7.663227% 7.606650% 83 12/12/2003 0 $0.00 0 $0.00 7.663108% 7.606532% 84 11/17/2003 0 $0.00 0 $0.00 7.663010% 7.606435% 85 10/15/2003 0 $0.00 0 $0.00 7.662893% 7.606319% 86 09/12/2003 0 $0.00 0 $0.00 7.662796% 7.606222% 87 08/14/2003 0 $0.00 0 $0.00 7.662681% 7.606108% 88 07/14/2003 0 $0.00 0 $0.00 7.662566% 7.606796% 89 06/13/2003 0 $0.00 0 $0.00 7.662471% 7.606701% 90 ~~05/14/2003 0 $0.00 0 $0.00 7.662358% 7.606589% 91~~ Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

Delinquency Loan Detail Offering # of Paid Through Current Outstanding Status of Loan Number Document Months Date P & I P & I Mortgage Cross- Delinq. Advances Advances ** Loan (1) Reference ~~510000164~~265330995 7542 0 0304/01/2004 2254,~~553~~728.2956 2254,~~553~~728.2956 B 265950372 76 67 09/01/2003 18,~~858~~758.4013 ~~146~~165,~~676~~434.7790 9 265330960 88 67 09/01/2003 15,501.7379 ~~108~~124,~~510~~012.6140 37 ~~265950429 105 0 03/01/2004 6,197.51 6,197.51 B~~ Totals 43 6388,~~110~~988.9348 ~~283~~344,~~938~~175.1886

Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date ~~510000164~~265330995 313 01/30/2004 7,~~160~~290,~~304~~949.0562 0.00 265950372 7 08/01/2003 3,146,707.14 280,316.67 10/07/2003 265330960 2 01/12/2004 2,104,135.42 0933.00 ~~265950429 846,763.60 0.00~~ Totals 912,~~257~~541,~~910~~792.2118 ~~280~~281,~~316~~249.67

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = 37 (1 loan) 15,501.7379 ~~108~~124,~~510~~012.6140 2,104,135.42 0933.00 Total for Status Code = 9 (1 loan) 18,~~858~~758.4013 ~~146~~165,~~676~~434.7790 3,146,707.14 280,316.67 Total for Status Code = B (21 ~~loans~~loan) 2854,~~750~~728.8056 2854,~~750~~728.8056 47,~~007~~290,~~067~~949.6562 0.00 (1) Status of Mortgage Loan A - Payment Not Received But Still In Grace Period B - Late Payment But Less Than 1 Month Delinquent 0 - Current 1 - One Month Delinquent 2 - Two Months Delinquent 3 - Three or More Months Delinquent 4 - Assumed Scheduled Payment (Performing Matured Balloon) 7 - Foreclosure 9 - REO (2) Resolution Strategy Code 1 - Modification 2 - Foreclosure 3 - Bankruptcy 4 - Extension 5 - Note Sale 6 - DPO 7 - REO 8 - Resolved 9 - Pending Return to Master Servicer 10 - Deed In Lieu Of Foreclosure 11 - Full Payoff 12 - Reps and Warranties 13 - Other or TBD ** Outstanding P & I Advances include the current period advance.

Specially Serviced Loan Detail - Part 1 Offering Servicing Resolution Scheduled Property Interest Actual Loan Document Transfer Strategy Balance Type (2) State Rate Balance Number Cross Date Code (1) Reference 265330995 42 01/30/2004 13 7,~~290~~284,~~949~~523.6261 OF CA 8.000% 7,290,949.62 265950372 76 08/01/2003 7 3,~~131~~128,~~507~~970.1232 MF TX 8.180% 3,146,707.14 265330960 88 01/12/2004 2 2,~~092~~090,~~828~~973.0524 MF TN 7.875% 2,104,135.42

Net Remaining Loan Operating DSCR Note Maturity Amortization Number Income Date DSCR Date Date Term 265330995 346,800.50 09/30/2003 0.70 11/01/2000 10/01/2010 316 265950372 175,179.79 12/31/2002 0.61 12/01/2000 11/01/2010 323 265330960 63,960.94 06/30/2003 0.68 02/01/2001 01/01/2011 319 (1) 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 (2) 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

Specially Serviced Loan Detail - Part 2 Offering Document Resolution Site Other REO Loan Cross Strategy Inspection Phase 1 Appraisal Appraisal Property Number Reference Code (1) Date Date Date Value Revenue 265330995 42 13 07/17/2000 16,000,000.00 265950372 76 7 09/23/2003 3,250,000.00 265330960 88 2 07/21/2000 2,700,000.00

Loan Number Comments from Special Servicer 265330995 Borrower is requesting a payoff of loan. Property is 50% occupied and San Francisco office market is extremely soft with lease rates in the $16-18/sf range. 2003 DSCR is . 76x and Borrower has verbally represented that they will turn the property back un less an assumption or payoff of the loan can be consummated. 265950372 Borrower is requesting a payoff of loan. Property is 50% occupied and San Francisco office market is extremely soft with lease rates in the $16-18/sf range. 2003 DSCR is . 76x and Borrower has verbally represented that they will turn the property back un less an assumption or payoff of the loan can be consummated. 265330960 Current Principals/Indemnitors of DGJ LLC previously requested consent to sell the Riverside Apartments for a purchase price of $2,295,000. Built in 1975, the property is a 113 unit, Class C, garden apartment complex located in Clarksville, TN. The pro perty has an occupancy of 77% and 2002 NOI of $ 275,070 (DSCR of 1.47X). Property was being sold at a discount as a result of a partnership dispute. Proposed purchaser was approved for assumption however after various delays in the closing due to restr ucturing of the transaction Borrower stopped payment on property (advised it would be funded at closing) in strategy to induce purchaser to close, however purchaser has now backed out of the transaction. In process of filing foreclosure. (1) 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

Modified Loan Detail No Modified Loans Liquidated Loan Detail No Liquidated Loans

Filing Compare · FIRST UNION COMMERCIAL MORTGAGE PASS THR CER SER 2001-C2