8-K 1 wac03c3_sep.txt SEPTEMBER 8K 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: September 15, 2004 (Date of earliest event reported) Commission File No.: 333-83930-03 Wachovia Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2003 - C3 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 91-2063264 54-6528880 54-2090865 54-2090866 (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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 15, 2004, a distribution was made to holders of Wachovia Commercial Mortgage Securities, Inc., Commercial Mortgage Pass-Through Certificates, Series 2003 - C3. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2003 - C3, relating to the September 15, 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. Wachovia Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2003 - C3 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: September 15, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2003 - C3, relating to the September 15, 2004 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Wachovia Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2003 - C3 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: September 15, 2004 Record Date: August 31, 2004 DISTRIBUTION DATE STATEMENT Table of Contents STATEMENT SECTIONS PAGE(s) Certificate Distribution Detail 2 Certificate Factor Detail 3 Other Required Information 4 Reconciliation Detail 5 Cash Reconciliation 6 Ratings Detail 7 Current Mortgage Loan and Property Stratification Tables 8 - 10 Mortgage Loan Detail 11 - 15 Principal Prepayment Detail 16 Historical Detail 17 Delinquency Loan Detail 18 - 20 Specially Serviced Loan Detail 21 - 22 Modified Loan Detail 23 Liquidated Loan Detail 24 Depositor Wachovia Commercial Mortgage Securities, Inc. 301 South College Street Charlotte, NC 28288-1016 Contact: Tim Steward Phone Number: (704) 593-7822 Master Servicer Wachovia Bank, National Association 8739 Research Drive URP 4, NC1075 Charlotte, NC 28262 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 929766CT8 4.037000% 259,086,000.00 ~~246~~243,~~994~~416,~~426~~440.1032 ~~942~~868,~~146~~795.1550 ~~830~~818,~~930~~893.4247 A-2 929766CU5 4.867000% 477,837,000.00 477,837,000.00 0.00 1,938,027.23 B 929766CV3 4.973000% 36,319,000.00 36,319,000.00 0.00 150,511.99 C 929766CW1 5.033000% 12,888,000.00 12,888,000.00 0.00 54,054.42 D 929766CX9 5.072000% 25,775,000.00 25,775,000.00 0.00 108,942.33 E 929766CY7 5.141000% 12,887,000.00 12,887,000.00 0.00 55,210.06 F 929766DD2 5.605000% 10,544,000.00 10,544,000.00 0.00 49,249.27 G 929766DF7 5.704000% 12,888,000.00 12,888,000.00 0.00 61,260.96 H 929766DH3 56.~~896719~~095157% 12,887,000.00 12,887,000.00 0.00 6365,~~325~~456.8591 J 929766DK6 4.982000% 22,260,000.00 22,260,000.00 0.00 92,416.10 K 929766DM2 4.982000% 9,373,000.00 9,373,000.00 0.00 38,913.57 L 929766DP5 4.982000% 7,029,000.00 7,029,000.00 0.00 29,182.0607 M 929766DR1 4.982000% 2,343,000.00 2,343,000.00 0.00 9,727.35 N 929766DT7 4.982000% 7,030,000.00 7,030,000.00 0.00 29,186.22 O 929766DV2 4.982000% 4,686,000.00 4,686,000.00 0.00 19,454.71 P 929766DX8 4.982000% 23,432,149.00 23,432,149.00 0.00 97,282.47 Z-I NA 0.000000% 0.00 0.00 0.00 0.00 Z-II NA 0.000000% 0.00 0.00 0.00 0.00 Z-III NA 0.000000% 0.00 0.00 0.00 0.00 R-I NA 0.000000% 0.00 0.00 0.00 0.00 R-II NA 0.000000% 0.00 0.00 0.00 0.00 Totals 937,264,149.00 ~~925~~921,~~172~~594,~~575~~589.1032 ~~942~~868,~~146~~795.1550 3,~~627~~617,~~675~~769.0113

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 929766CT8 0.00 0.00 1,~~773~~687,~~076~~688.5797 ~~246~~242,~~052~~547,~~279~~644.9582 21.6876% A-2 929766CU5 0.00 0.00 1,938,027.23 477,837,000.00 21.6876% B 929766CV3 0.00 0.00 150,511.99 36,319,000.00 17.7581% C 929766CW1 0.00 0.00 54,054.42 12,888,000.00 16.3541% D 929766CX9 0.00 0.00 108,942.33 25,775,000.00 13.5662% E 929766CY7 0.00 0.00 55,210.06 12,887,000.00 12.1722% F 929766DD2 0.00 0.00 49,249.27 10,544,000.00 11.0307% G 929766DF7 0.00 0.00 61,260.96 12,888,000.00 9.6367% H 929766DH3 0.00 0.00 6365,~~325~~456.8591 12,887,000.00 8.2427% J 929766DK6 0.00 0.00 92,416.10 22,260,000.00 5.8385% K 929766DM2 0.00 0.00 38,913.57 9,373,000.00 4.8284% L 929766DP5 0.00 0.00 29,182.0607 7,029,000.00 4.0607% M 929766DR1 0.00 0.00 9,727.35 2,343,000.00 3.8082% N 929766DT7 0.00 0.00 29,186.22 7,030,000.00 3.0405% O 929766DV2 0.00 0.00 19,454.71 4,686,000.00 2.54% P 929766DX8 0.00 0.00 97,282.47 23,432,149.00 0.00% Z-I NA 0.00 0.00 0.00 0.00 0.00% Z-II NA 0.00 0.00 0.00 0.00 0.00% Z-III NA 0.00 0.00 0.00 0.00 0.00% R-I NA 0.00 0.00 0.00 0.00 0.00% R-II NA 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 4,~~569~~486,~~821~~564.1663 ~~924~~920,~~230~~725,~~428~~793.9582

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount IO-I 929766CZ4 0.~~150483~~159710% 937,264,149.00 ~~925~~921,~~172~~594,~~575~~589.1032 ~~116~~122,~~018~~656.6939 IO-II 929766DB6 1.~~191670~~387101% 890,430,000.00 846,970,000.00 ~~841~~979,~~090~~027.6835

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount IO-I 929766CZ4 0.00 ~~116~~122,~~018~~656.6939 ~~924~~920,~~230~~725,~~428~~793.9582 IO-II 929766DB6 0.00 ~~841~~979,~~090~~027.6835 846,970,000.00 (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 Class CUSIP Beginning Principal Interest Prepayment Realized Loss/ Ending Balance Distribution Distribution Penalties Additional Balance Trust Fund Expenses A-1 929766CT8 ~~953~~939.~~32988313~~51985179 3.~~63642246~~35330933 3.~~20716063~~16070135 0.00000000 0.00000000 ~~949~~936.~~69346067~~16654246 A-2 929766CU5 1,000.00000000 0.00000000 4.05583333 0.00000000 0.00000000 1,000.00000000 B 929766CV3 1,000.00000000 0.00000000 4.14416669 0.00000000 0.00000000 1,000.00000000 C 929766CW1 1,000.00000000 0.00000000 4.19416667 0.00000000 0.00000000 1,000.00000000 D 929766CX9 1,000.00000000 0.00000000 4.22666654 0.00000000 0.00000000 1,000.00000000 E 929766CY7 1,000.00000000 0.00000000 4.28416699 0.00000000 0.00000000 1,000.00000000 F 929766DD2 1,000.00000000 0.00000000 4.67083365 0.00000000 0.00000000 1,000.00000000 G 929766DF7 1,000.00000000 0.00000000 4.75333333 0.00000000 0.00000000 1,000.00000000 H 929766DH3 1,000.00000000 0.00000000 45.~~91393265~~07929774 0.00000000 0.00000000 1,000.00000000 J 929766DK6 1,000.00000000 0.00000000 4.15166667 0.00000000 0.00000000 1,000.00000000 K 929766DM2 1,000.00000000 0.00000000 4.15166649 0.00000000 0.00000000 1,000.00000000 L 929766DP5 1,000.00000000 0.00000000 4.~~15166596~~15166738 0.00000000 0.00000000 1,000.00000000 M 929766DR1 1,000.00000000 0.00000000 4.15166453 0.00000000 0.00000000 1,000.00000000 N 929766DT7 1,000.00000000 0.00000000 4.15166714 0.00000000 0.00000000 1,000.00000000 O 929766DV2 1,000.00000000 0.00000000 4.15166667 0.00000000 0.00000000 1,000.00000000 P 929766DX8 1,000.00000000 0.00000000 4.15166658 0.00000000 0.00000000 1,000.00000000 Z-I NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Z-II NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Z-III NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II NA 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-I 929766CZ4 ~~987~~983.~~09907563~~28159709 0.~~12378441~~13086641 0.00000000 ~~986~~982.~~09386685~~35464869 IO-II 929766DB6 951.19212066 01.~~94458933~~09949951 0.00000000 951.19212066

Reconciliation Detail Advance Summary P & I Advances Outstanding 423,~~715~~170,746.8252 Servicing Advances Outstanding 0.00 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 3635,~~106~~963.3520 Less Delinquent Servicing Fees ~~229~~20,206.7472 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 1714,~~318~~284.1324 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 5330,~~194~~040.7472

Certificate Interest Reconciliation Class Accrued Net Aggregate Deferred Distributable Distributable Certificate Prepayment Interest Certificate Certificate Interest Interest Amount Interest Interest Shortfall Adjustment A-1 ~~830~~818,~~930~~893.4247 0.00 0.00 ~~830~~818,~~930~~893.4247 0.00 A-2 1,938,027.23 0.00 0.00 1,938,027.23 0.00 IO-I ~~116~~122,~~018~~656.6939 0.00 0.00 ~~116~~122,~~018~~656.6939 0.00 IO-II ~~841~~979,~~090~~027.7435 0.00 0.00 ~~841~~979,~~090~~027.7435 0.00 B 150,511.99 0.00 0.00 150,511.99 0.00 C 54,054.42 0.00 0.00 54,054.42 0.00 D 108,942.33 0.00 0.00 108,942.33 0.00 E 55,210.06 0.00 0.00 55,210.06 0.00 F 49,249.27 0.00 0.00 49,249.27 0.00 G 61,260.96 0.00 0.00 61,260.96 0.00 H 6365,~~325~~456.8591 0.00 0.00 6365,~~325~~456.8591 0.00 J 92,416.10 0.00 0.00 92,416.10 0.00 K 38,913.57 0.00 0.00 38,913.57 0.00 L 29,182.07 0.00 0.00 29,182.07 0.00 M 9,727.35 0.00 0.00 9,727.35 0.00 N 29,186.22 0.00 0.00 29,186.22 0.00 O 19,454.71 0.00 0.00 19,454.71 0.00 P 97,282.47 0.00 0.00 97,282.47 0.00 Total 4,~~584~~719,~~784~~452.4587 0.00 0.00 4,~~584~~719,~~784~~452.4587 0.00

Class Additional Interest Remaining Unpaid Trust Fund Distribution Distributable Expenses Certificate Interest A-1 0.00 ~~830~~818,~~930~~893.4247 0.00 A-2 0.00 1,938,027.23 0.00 IO-I 0.00 ~~116~~122,~~018~~656.6939 0.00 IO-II 0.00 ~~841~~979,~~090~~027.6835 0.00 B 0.00 150,511.99 0.00 C 0.00 54,054.42 0.00 D 0.00 108,942.33 0.00 E 0.00 55,210.06 0.00 F 0.00 49,249.27 0.00 G 0.00 61,260.96 0.00 H 0.00 6365,~~325~~456.8591 0.00 J 0.00 92,416.10 0.00 K 0.00 38,913.57 0.00 L 0.00 29,182.0607 0.00 M 0.00 9,727.35 0.00 N 0.00 29,186.22 0.00 O 0.00 19,454.71 0.00 P 0.00 97,282.47 174.3723 Total 0.00 4,~~584~~719,~~784~~452.3887 174.3723

Other Required Information Available Distribution Amount (1) 5,~~526~~588,~~930~~248.5337 Aggregate Number of Outstanding Loans 130 Aggregate Stated Principal Balance of Loans Before Distribution ~~925~~921,~~172~~594,~~575~~589.5880 Aggregate Stated Principal Balance of Loans After Distribution ~~924~~920,~~230~~725,~~429~~794.4330 Aggregate Unpaid Principal Balance of Loans ~~924~~921,~~237~~240,~~683~~076.1498 Aggregate Amount of Servicing Fee 5330,~~194~~040.7472 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 21,~~004~~996.5479 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 0 Aggregate Unpaid Principal Balance 0.00 (1) The Available Distribution Amount includes any Prepayment Premiums.

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 4,757,412.89 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 4,757,412.89 Principal: Scheduled Principal 868,795.50 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 868,795.50 Other: Prepayment Penalties/Yield Maintenance 0.00 Repayment Fees 0.00 Borrower Option Extension Fees 0.00 Equity Payments Received 0.00 Net Swap Counterparty Payments Received 0.00 Total Other Collected: 0.00 Total Funds Collected 5,626,208.39 Total Funds Distributed Fees: Master Servicing Fee 35,963.20 Trustee Fee 1,996.79 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 37,959.99 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 4,719,452.87 Principal Distribution 868,795.50 Prepayment Penalties/Yield Maintenance 0.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 0.00 Total Payments to Certificateholders & Others 5,588,248.37 Total Funds Distributed 5,626,208.36

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 10 14,~~779~~694,~~278~~159.7709 1.60 ~~110~~105 6.~~3954~~3953 1.~~701285~~519130 2,000,001 to 3,000,000 28 71,~~424~~099,~~722~~329.8602 7.7372 ~~103~~99 6.~~3060~~3057 1.~~532838~~533416 3,000,001 to 4,000,000 21 7271,~~174~~853,~~385~~300.7094 7.8180 ~~102~~98 6.~~1749~~1748 1.~~618051~~600914 4,000,001 to 5,000,000 11 49,~~615~~351,~~583~~902.5227 5.3736 9389 6.~~3223~~3230 1.~~443606~~463153 5,000,001 to 6,000,000 9 49,~~562~~361,~~293~~979.4701 5.36 ~~103~~99 5.~~9813~~9814 1.~~452628~~465367 6,000,001 to 7,000,000 8 5150,~~089~~869,~~240~~912.4951 5.5352 ~~103~~99 6.~~1567~~1566 1.~~762903~~763961 7,000,001 to 8,000,000 7 52,~~267~~080,~~460~~960.5200 5.66 ~~103~~99 5.~~7668~~7670 1.~~480643~~493016 8,000,001 to 9,000,000 45 3443,~~406~~265,~~214~~725.7569 34.7270 85 5.~~6634~~6935 1.~~596328~~695966 9,000,001 to 10,000,000 65 5748,~~845~~645,~~296~~541.5909 65.2628 8375 5.~~8462~~8529 1.~~387811~~564346 10,000,001 to 15,000,000 12 137,~~618~~086,~~654~~747.3842 14.89 9490 5.~~8355~~8350 1.~~474266~~475243 15,000,001 to 20,000,000 7 121,~~785~~229,~~461~~949.1201 13.1817 9793 6.~~2499~~2505 1.~~439177~~483328 20,000,001 to 25,000,000 3 7069,~~093~~998,~~501~~009.9335 7.5860 9389 5.~~5283~~5278 1.~~484010~~481299 25,000,001 to 30,000,000 1 26,500,000.00 2.8788 ~~105~~101 6.3800 1.250000 30,000,001 to 35,000,000 1 30,~~907~~782,~~931~~673.0300 3.34 ~~101~~97 5.9000 1.110000 35,000,001 to 40,000,000 1 3635,~~000~~930,~~000~~677.0008 3.90 ~~104~~100 5.4200 1.780000 40,000,001 and greater 1 4847,~~160~~974,~~404~~928.3082 5.21 ~~102~~98 6.1000 1.410000 Totals 130 ~~924~~920,~~230~~725,~~429~~794.4330 100.00 9894 5.~~9961~~9959 1.~~492357~~512426

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alabama 2 6,~~967~~931,~~018~~176.9036 0.75 ~~104~~100 6.8000 1.804444 Arizona 3 20,~~134~~054,~~284~~471.2055 2.18 ~~104~~100 5.~~7999~~8001 1.~~403070~~403093 California 21 ~~224~~223,~~586~~818,~~050~~820.5432 24.3031 9894 6.~~0098~~0092 1.~~497442~~527219 Florida 18 116,~~651~~254,~~762~~583.2372 12.6263 8884 5.~~8995~~8991 1.~~498838~~506996 Georgia 12 87,~~844~~535,~~187~~086.5893 9.5051 ~~104~~100 5.~~6443~~6439 1.~~640248~~637249 Idaho 1 2,~~894~~886,~~959~~092.5876 0.31 ~~100~~96 7.1100 0.~~710000~~770000 Illinois 4 47,~~289~~100,~~929~~242.36 5.12 ~~102~~98 5.9234 1.~~074897~~327603 Indiana 1 12,~~151~~077,~~397~~193.9399 1.31 ~~102~~98 5.9000 1.880000 Kentucky 1 17,~~853~~751,~~012~~075.7849 1.93 ~~103~~99 6.2500 1.350000 Louisiana 2 6,~~275~~246,~~352~~272.2627 0.68 8682 5.~~8001~~8002 1.~~595054~~595084 Maryland 12 63,~~902~~545,~~429~~588.5233 6.9190 ~~103~~99 6.~~0164~~0166 1.~~570070~~604664 Massachusetts 2 8,~~139~~102,~~954~~096.5291 0.88 ~~103~~99 5.9538 1.~~469904~~469941 Minnesota 2 6,~~327~~297,~~041~~371.2352 0.68 ~~103~~99 6.~~3301~~3299 1.~~301843~~301927 Missouri 2 10,~~626~~583,~~126~~544.3394 1.15 9389 7.~~9596~~9602 2.~~106122~~034048 Nevada 4 34,~~125~~027,~~276~~482.6419 3.6970 ~~103~~99 5.~~9584~~9575 1.~~561943~~562318 New Jersey 3 1413,~~010~~956,~~966~~154.4333 1.52 ~~103~~99 5.9909 1.~~356920~~380532 New Mexico 1 3,~~937~~922,~~943~~624.9745 0.43 ~~104~~100 6.0000 1.530000 New York 2 2,~~642~~626,~~202~~525.0663 0.29 6763 5.~~8543~~8517 1.~~747251~~747056 North Carolina 6 49,~~750~~611,~~540~~839.4363 5.3839 ~~104~~100 6.~~1748~~1755 1.~~330611~~369817 Ohio 2 4,~~696~~674,~~566~~459.8475 0.51 ~~101~~97 7.4000 1.~~838854~~368542 Oklahoma 3 7,~~203~~155,~~219~~374.7248 0.78 ~~117~~112 5.~~9580~~9579 1.~~489552~~489375 Oregon 1 3,~~121,~~102,241.2887 0.34 ~~103~~99 5.9200 1.460000 Pennsylvania 2 23,~~867~~755,~~947~~433.5666 2.58 7672 5.7144 1.~~847054~~846990 South Carolina 1 7,~~044~~013,~~482~~249.7630 0.76 ~~104~~100 5.4100 1.~~530293~~560000 Tennessee 2 7,~~497~~470,~~676~~392.8883 0.81 ~~102~~98 6.3353 1.~~422351~~422353 Texas 7 41,~~557~~379,~~658~~186.5846 4.5049 7571 5.~~9108~~9107 1.~~583511~~565249 Utah 2 17,~~597~~522,~~835~~807.7621 1.90 ~~104~~100 5.5900 1.372346 Virginia 4 1918,~~051~~974,~~681~~912.0170 2.06 ~~104~~100 5.8506 1.~~523611~~523603 Washington 7 56,~~481~~349,~~821~~492.5132 6.1112 ~~103~~99 6.~~3520~~3519 1.~~290332~~257011 Totals 130 ~~924~~920,~~230~~725,~~429~~794.4330 100.00 9894 5.~~9961~~9959 1.~~492357~~512426

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. 1.19 or less 1214 ~~151~~152,~~922~~654,~~744~~915.5056 16.4458 9994 56.~~9648~~1407 1.~~058871~~103843 1.20 to 1.24 12 34,~~421~~579,~~577~~617.5712 0.3750 ~~103~~99 6.~~5000~~3690 1.~~210000~~215139 1.25 to 1.29 6 4644,~~037~~231,~~558~~046.6989 4.9880 ~~102~~100 6.~~4844~~2752 1.~~254830~~252361 1.30 to 1.34 128 7549,~~784~~962,~~500~~080.6487 85.2043 ~~105~~104 5.~~9718~~7694 1.~~323038~~327470 1.35 to 1.39 911 5771,~~631~~820,~~324~~046.5808 67.2480 9895 6.~~1319~~0325 1.~~361248~~364569 1.40 to 1.44 1210 ~~121~~109,~~645~~913,~~122~~870.2098 1311.1694 ~~103~~99 6.~~0513~~0713 1.~~414713~~417427 1.45 to 1.49 12 8774,~~416~~783,~~417~~068.6070 98.4612 9794 65.~~2285~~9268 1.~~462730~~465553 1.50 to 1.54 98 5247,~~058~~541,~~205~~913.8917 5.6316 9186 5.~~8544~~9352 1.~~527935~~521518 1.55 to 1.59 1112 5057,~~852~~619,~~927~~106.2817 56.5026 ~~103~~99 5.~~9383~~8739 1.~~574350~~572610 1.60 to 1.64 1211 5146,~~744~~901,~~949~~633.8734 5.6009 8983 5.~~9996~~9722 1.~~621684~~621389 1.65 to 1.69 34 1521,~~941~~843,~~488~~432.8196 12.7237 ~~104~~95 6.~~0811~~2132 1.~~683202~~667749 1.70 to 1.74 36 1347,~~921~~889,~~469~~268.0170 15.5120 5183 56.~~8332~~3524 1.~~720151~~719871 1.75 to 1.79 53 5745,~~503~~790,~~761~~224.6475 64.2297 ~~104~~100 5.~~5810~~5658 1.~~777717~~782153 1.80 to 1.84 5 16,~~477~~394,~~795~~201.7837 1.78 ~~104~~100 6.8980 1.814359 1.85 to 1.89 56 3645,~~297~~174,~~206~~095.8927 34.9391 8786 5.~~5998~~6407 1.~~870152~~868121 1.90 to 1.94 43 2924,~~041~~160,~~850~~854.6261 32.1462 8273 5.~~7636~~7192 1.~~923680~~924399 1.95 to 1.99 0 0.00 0.00 0 0.0000 0.000000 2.00 to 2.09 45 1419,~~506~~232,~~690~~691.0192 12.5709 6873 5.~~6459~~7303 2.~~025410~~019416 2.10 to 2.24 2 31,~~855~~819,~~635~~399.8606 3.4546 ~~104~~100 5.~~4493~~4479 2.~~190631~~190712 2.25 to 2.49 10 ~~1,712,290~~0.0300 0.1900 ~~101~~0 70.~~4000~~0000 20.~~290000~~000000 2.50 or greater 2 8,~~456~~414,~~911~~326.9678 0.9291 ~~101~~97 7.~~0367~~0371 2.~~906080~~944503 Totals 130 ~~924~~920,~~230~~725,~~429~~794.4330 100.00 9894 5.~~9961~~9959 1.~~492357~~512426

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 8 41,~~609~~435,~~437~~767.3615 4.50 7773 5.~~9359~~9357 1.~~489231~~518981 Lodging 11 5857,~~104~~818,~~328~~886.5304 6.2928 ~~102~~98 7.~~1233~~1234 1.~~812300~~866930 Mixed Use 3 45,~~716~~533,~~574~~575.0864 4.95 ~~102~~98 5.9292 1.~~203251~~233570 Mobile Home Park 6 27,~~188~~149,~~331~~815.2325 2.9495 6258 5.~~5425~~5419 1.~~816277~~803869 Multi-Family 32 ~~282~~281,~~266~~498,~~889~~331.1815 30.5457 ~~100~~96 5.~~7950~~7951 1.~~435569~~433665 Office 19 ~~128~~127,~~317~~674,~~636~~191.7110 13.88 87 83 5.~~8365~~8366 1.~~471638~~586987 Retail 45 ~~321~~320,~~535~~223,~~673~~372.6861 34.7978 ~~104~~100 6.~~0851~~0849 1.~~482441~~477908 Self Storage 6 19,~~491~~391,~~558~~855.6434 2.11 ~~104~~100 6.~~0483~~0482 1.~~893873~~910593 Totals 130 ~~924~~920,~~230~~725,~~429~~794.4330 100.00 9894 5.~~9961~~9959 1.~~492357~~512426

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 4.999% or less 0 0.00 0.00 0 0.0000 0.000000 5.000% to 5.249% 1 25,000,000.00 2.7072 ~~104~~100 5.1200 2.210000 5.250% to 5.499% 10 105,~~860~~614,~~373~~476.4167 11.4547 9389 5.~~3928~~3927 1.~~728125~~727784 5.500% to 5.749% 18 ~~171~~170,~~576~~847,~~557~~288.2703 18.56 9389 5.~~6482~~6481 1.~~453621~~455301 5.750% to 5.999% 28 ~~197~~196,~~132~~319,~~163~~038.6470 21.3332 9591 5.9008 1.~~368004~~447957 6.000% to 6.249% 39 ~~228~~227,~~927~~934,~~587~~332.9606 24.7776 ~~102~~98 6.~~0732~~0733 1.~~470503~~480043 6.250% to 6.499% 11 74,~~401~~166,~~002~~869.3698 8.0506 ~~106~~102 6.~~3099~~3101 1.~~339458~~329182 6.500% to 6.749% 6 45,~~363~~252,~~909~~686.7457 4.91 9591 6.5813 1.~~403071~~402563 6.750% to 6.999% 6 3029,~~007~~851,~~493~~449.2216 3.2524 ~~102~~98 6.8196 1.~~578702~~527683 7.000% to 7.249% 2 54,~~009~~979,~~053~~153.6583 0.54 9995 7.1184 1.~~098290~~131514 7.250% to 7.499% 6 33,~~502~~341,~~759~~043.0871 3.62 ~~102~~98 7.4007 1.~~765168~~859923 7.500% to 8.249% 1 2,~~277~~265,~~695~~061.2059 0.25 6460 8.2000 1.460000 8.250% to 8.749% 1 ~~954~~949,~~564~~539.4700 0.10 6460 8.5000 1.257022 8.750% or greater 1 4,~~217~~204,~~269~~855.4300 0.46 8076 8.8100 1.~~310000~~130000 Totals 130 ~~924~~920,~~230~~725,~~429~~794.4330 100.00 9894 5.~~9961~~9959 1.~~492357~~512426

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 ~~126~~122 ~~916~~875,~~300~~422,~~877~~985.3113 9995.1408 9894 5.~~9743~~9432 1.~~493324~~527396 25 to 36 months 04 037,409,605.0053 04.0006 088 06.~~0000~~6957 01.~~000000~~210242 37 to 48 months 1 4,~~217~~204,~~269~~855.4300 0.46 8076 8.8100 1.~~310000~~130000 49 months and greater 3 3,~~712~~688,~~282~~348.6964 0.40 7874 8.~~1802~~1809 1.~~460823~~460407 Totals 130 ~~924~~920,~~230~~725,~~429~~794.4330 100.00 9894 5.~~9961~~9959 1.~~492357~~512426

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 810 6063,~~593~~620,~~579~~915.1439 6.5691 4340 5.~~7682~~8950 1.~~705085~~686567 61 to 84 months 75 5450,~~184~~816,~~181~~542.0662 5.8652 6865 65.~~0536~~9117 1.~~494489~~484840 85 to 108 months 111 ~~800~~797,~~253~~222,~~012~~309.1506 86.59 ~~103~~99 6.~~0078~~0076 1.~~480794~~503996 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 168 months 0 0.00 0.00 0 0.0000 0.000000 169 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 126 ~~915~~911,~~030~~659,~~772~~767.3507 99.0002 9793 5.~~9946~~9944 1.~~496458~~515669

Remaining Stated Term (Fully Amortizing Loans) Remaining Stated # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 120 months or less 0 0.00 0.00 0 0.0000 0.000000 121 to 192 months 3 76,~~052~~942,~~648~~954.5694 0.7675 ~~165~~161 6.~~0987~~0989 1.~~015783~~148539 193 to 264 months 1 2,~~147~~123,~~008~~072.5229 0.23 ~~200~~196 6.2800 1.310000 265 to 336 months 0 0.00 0.00 0 0.0000 0.000000 337 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 4 9,~~199~~066,~~657~~027.0823 10.0098 ~~173~~169 6.~~1410~~1413 1.~~084447~~186350

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 119 ~~182~~131,~~223~~860,~~551~~000.8900 1914.7232 9385 5.~~6859~~7787 1.~~593161~~570818 120 months or less 0 0.00 0.00 0 0.0000 0.000000 121 to 192 months 0 0.00 0.00 0 0.0000 0.000000 193 to 264 months 4 20,~~574~~389,~~731~~783.5108 2.2321 9793 6.~~2610~~2623 1.~~268210~~268282 265 to 336 months 2934 ~~169~~219,~~431~~535,~~006~~383.5065 1823.3384 9490 6.~~5081~~4246 1.~~658682~~553871 337 months or greater 8279 ~~542~~539,~~801~~874,~~482~~600.4534 58.7364 9996 5.~~9279~~8621 1.~~422008~~496008 Totals 126 ~~915~~911,~~030~~659,~~772~~767.3507 99.0002 9793 5.~~9946~~9944 1.~~496458~~515669

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 103 4716,~~284~~524,~~401~~078.4815 51.1279 ~~100~~97 56.~~9556~~0206 1.~~457214~~349874 1 year or less ~~120~~126 ~~876~~903,~~946~~024,~~027~~977.9596 9498.8808 9794 5.~~9983~~9954 1.~~494252~~515769 1 to 2 years 01 01,176,738.0019 0.0013 0100 05.~~0000~~9900 01.~~000000~~230000 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 130 ~~924~~920,~~230~~725,~~429~~794.4330 100.00 9894 5.~~9961~~9959 1.~~492357~~512426 (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 502737617 1 RT Chino CA ~~245~~252,~~079~~236.0044 5144,~~858~~701.4400 6.100% 502753516 2 RT McDonough GA ~~162~~167,~~600~~858.0060 034,742.0016 5.420% 502746711 3 MU Highland Park IL ~~152~~156,~~134~~546.6298 3430,~~703~~291.3802 5.900% 502754321 4 MF Liberty Lake WA ~~140~~145,~~891~~588.6706 0.00 6.380% 502755016 5 MF Stockton CA ~~106~~110,~~666~~222.6722 0.00 5.120% 502745113 6 MF Tampa FL ~~115~~118,~~147~~487.2158 2623,~~438~~098.6124 5.850% 502753714 7 MF San Diego CA ~~101~~104,~~229~~603.1747 0.00 5.650% 502742421 8 LO La Jolla CA ~~118~~122,~~719~~078.3657 2521,~~216~~857.6746 7.400% 502743311 9 MF Cary NC ~~104~~107,~~500~~983.0033 0.00 6.600% 410100012 10 RT Elizabethtown KY 9395,~~127~~669.4641 2724,~~460~~918.1015 6.250% 582000011 11 OF Scranton PA 8184,~~837~~132.2508 2321,~~612~~317.7087 5.610% 502760002 12 RT Las Vegas NV 8991,~~266~~885.6587 1815,~~037~~418.9169 6.200% 310100022 13 RT Poway CA 7477,~~964~~131.8878 1815,~~000~~833.6171 5.710% 310100033 14 OF Rockville MD 7274,~~642~~336.1611 3736,~~926~~232.5459 5.710% 502744001 15 MF Scottsdale AZ 6567,~~908~~812.2177 1614,~~421~~516.2064 5.500% 310100001 16 MF Hammond IN 5961,~~841~~451.7530 1918,~~805~~196.9237 5.900% 682000017 17 IN Fort Myers FL 6264,~~245~~067.5508 1211,~~977~~156.9239 6.110% 582000018 18 RT Puyallup WA 6769,~~350~~216.0770 1715,~~015~~149.8724 6.850% 502750923 19 MF San Antonio TX 5556,~~103~~692.9739 1311,~~587~~998.0967 5.650% 582000020 20 MF Riverton UT 5355,~~645~~189.1178 1311,~~448~~903.3871 5.590% 502743019 21 RT Emeryville CA 5658,~~921~~578.3265 1210,~~472~~815.5320 6.000% 682000022 22 OF Burbank CA 5556,~~102~~593.4967 1716,~~565~~074.4830 5.980% 502755612 23 MF Las Vegas NV 4850,~~583~~202.3378 0.00 5.300% 310100041 24 MH Fort Lauderdale FL 4647,~~366~~912.6722 0.00 5.350% 502751708 25 MF Gulf Breeze FL 4850,~~701~~111.2887 119,~~382~~971.2364 5.800% 682000026 26 MU Annapolis MD 5051,~~177~~641.9202 109,~~910~~447.6757 5.990% 310100007 27 OF Houston TX 4950,~~340~~775.5905 119,~~052~~617.1670 5.920% 310100034 28 RT Corona CA 4647,~~351~~688.7398 1110,~~371~~034.8560 5.650% 582000029 29 RT Orting WA 4950,~~149~~581.2927 109,~~741~~309.4951 5.990% 310100030 30 OF Fairfax VA 4648,~~759~~110.3495 119,~~227~~876.8827 5.710% 502742510 31 IN El Paso TX 4648,~~892~~257.1851 108,~~274~~909.9663 6.000% 310100021 32 OF Aurora IL 4344,~~635~~900.2958 108,~~110~~845.9061 5.810% 502751009 33 OF San Diego CA 4344,~~571~~841.1903 98,~~489~~219.0319 6.000% 582000034 34 OF Durham NC 4243,~~320~~549.9075 98,~~614~~385.5974 5.880% 310100024 35 MF Decatur GA 3839,~~285~~381.8189 109,~~227~~130.0193 5.415% 310100040 36 MH Fort Lauderdale FL 3839,~~341~~619.6772 0.00 5.350% 310100032 37 OF Silver Spirng MD 3738,~~482~~565.4489 97,~~000~~916.3085 5.710% 310100025 38 MF College Park GA 3435,~~676~~669.9672 98,~~263~~270.0024 5.415% 502750015 39 RT Bermuda Run NC 3839,~~460~~581.8071 87,~~376~~255.0918 6.000% 582000040 40 RT Hayward CA 4142,~~593~~821.2730 76,~~708~~480.0401 6.500% 310100027 41 MF Jonesboro GA 3233,~~097~~016.9486 87,~~574~~655.0816 5.415% 502752321 42 RT San Clemente CA 3536,~~317~~495.8309 0.00 5.870% 682000043 43 MF Sumter SC 3132,~~797~~707.2440 87,~~509~~599.2913 5.410% 502758020 44 LO Salisbury MD 3839,~~046~~101.3805 98,~~876~~821.3265 6.650% 502732004 45 RT Fuquay - Varina NC 3233,~~217~~155.6214 76,~~140~~203.8028 5.950% 502742430 46 LO St. Louis MO 3940,~~573~~692.1286 87,~~405~~285.5682 7.400% 502744604 47 RT Lakeland FL 3233,~~846~~808.3165 65,~~753~~791.5218 6.150% 502745010 48 RT Lebanon PA 3132,~~966~~897.3610 76,~~004~~073.4268 6.000% 502747902 49 RT Covington GA 3132,~~868~~795.0087 6,~~982~~055.8700 6.000% 582000050 50 MF Logan UT 2829,~~427~~245.3287 76,~~126~~307.5095 5.590% 310100028 51 MF Decatur GA 2728,~~485~~272.8877 76,~~342~~555.1122 5.415% 502752705 52 RT North Port FL 2829,~~682~~511.3192 6,~~838~~008.1756 5.730% 310100031 53 OF Gaithersburg MD 2728,~~849~~654.4546 65,~~687~~882.2322 5.710% 502748510 54 MF Greenville NC 2728,~~421~~212.4695 65,~~691~~899.4293 5.665% 502748213 55 RT Edison NJ 2829,~~599~~434.2401 65,~~120~~285.2548 6.050% 502754316 56 MF Hoboken NJ 27,~~173~~964.9738 65,~~077~~287.5211 5.910% 502745411 57 MF Victorville CA 2829,~~207~~035.3899 54,~~621~~792.3069 6.240% 582000058 58 RT Goleta CA 24,~~706~~320.8650 19,~~173~~560.7006 6.000% 310100008 59 OF North Adams MA 2526,~~538~~254.9532 6,~~940~~225.7639 6.010% 502739621 60 RT Clarksville TN 2728,~~206~~007.31 54,~~234~~433.92 6.375% 502744614 61 RT Bakersfield CA 2627,~~638~~419.6953 54,~~378~~597.6076 6.250% 582000062 62 SS Reno NV 2425,~~964~~642.0440 7,~~689~~010.1276 6.090% 682000063 63 MU Baltimore MD 2324,~~822~~516.2183 54,~~179~~485.9028 5.990% 502749325 64 IN Orlando FL 22,~~235~~878.2264 54,~~252~~609.4503 5.770% 582000065 65 MF Largo FL 25,~~016~~754.7716 43,~~690~~953.4304 6.500% 310100036 66 LO Lakeland FL 25,~~189~~891.2102 65,~~252~~550.2645 6.800% 502748502 67 IN Orlando FL 2021,~~536~~127.8228 54,~~211~~621.6721 5.570% 502748709 68 IN San Diego CA 2122,~~416~~040.3551 4,~~664~~039.1094 6.000% 502744302 69 RT Anaheim CA 22,~~150~~800.4584 43,~~421~~771.6021 6.250% 582000070 70 RT Independence MO 3031,~~989~~921.7953 32,~~813~~882.7602 8.810% 582000071 71 RT Riverside CA 2021,~~746~~349.1990 43,~~598~~994.2554 5.950% 502754319 72 MF Albuquerque NM 1920,~~711~~285.0799 43,~~270~~696.9503 6.000% 502753401 73 SS Lake Mary FL 1920,~~711~~285.0799 43,~~270~~696.9503 6.000% 502751306 74 RT Franklin Park IL 1920,~~939~~521.4744 43,~~248~~666.6770 6.080% 310100037 75 LO Montgomery AL 2122,~~964~~576.1006 54,~~451~~839.7579 6.800% 502743602 76 RT Tucson AZ 21,~~247~~878.4774 3,~~660~~028.2699 6.700% 310100039 77 LO Tallahassee FL 2021,~~907~~490.6012 54,~~189~~606.5199 6.800% 502745007 78 MF Norfolk VA 18,~~216~~747.2010 3,~~967~~436.1727 6.000% 502753403 79 SS Altamonte Springs FL 1718,~~493~~003.5882 3,~~790~~280.4622 6.000% 310100026 80 MF College Park GA 1516,~~713~~163.8370 43,~~197~~747.5265 5.415% 502751502 81 RT Des Plaines IL 1718,~~979~~507.4577 3,~~570~~042.6533 6.250% 310100006 82 MF Minneapolis MN 1819,~~561~~072.0119 54,~~071~~560.2406 6.500% 682000083 83 RT Ontario CA 1718,~~505~~016.6489 3,~~704~~192.1893 6.100% 502751771 84 RT Virginia Beach VA 1516,~~892~~355.0558 32,~~443~~979.4592 6.000% 502747407 85 RT Wichita Falls TX 16,~~110~~547.4992 4,~~932~~494.2683 6.150% 310100038 86 LO Savannah GA 1718,~~793~~289.7046 43,~~416~~920.6185 6.800% 410100011 87 IN Harahan LA 1415,~~907~~320.3081 4,~~465~~051.1160 5.700% 310100009 88 MH Eugene OR 15,~~422~~838.3011 54,~~039~~623.1433 5.920% 582000089 89 RT Shreveport LA 15,~~462~~912.4709 3,~~470~~020.4583 5.900% 310100035 90 LO Huntsville AL 1718,~~571~~060.2884 43,~~361~~871.4084 6.800% 582000091 91 IN Altamonte Springs FL 1415,~~837~~266.6898 3,~~524~~095.8656 5.740% 582000092 92 RT Weymouth MA 1415,~~899~~331.1146 32,~~408~~976.8651 5.860% 502742420 93 LO Miamisburg OH 18,~~427~~948.1858 3,~~914~~392.0464 7.400% 682000094 94 OF Lutherville MD 1415,~~807~~239.4116 32,~~219~~787.7196 5.990% 310100013 95 OF Monterey CA 1516,~~548~~005.6498 32,~~040~~582.1076 6.310% 582000096 96 RT Bartlesville OK 14,~~251~~664.7312 32,~~350~~938.8748 5.800% 310100018 97 OF Nassau Bay TX 1415,~~945~~382.6580 32,~~121~~684.1500 6.120% 582000098 98 MF St. Cloud MN 1415,~~857~~292.7984 32,~~076~~641.2722 6.130% 582000099 99 MF Chubbuck ID 17,~~168~~682.1093 2,~~609~~094.4764 7.110% 502740410 100 SS Santa Clarita CA 1415,~~658~~057.9108 4,~~474~~075.0285 6.160% 582000101 101 RT Kennesaw GA 14,~~290~~707.5334 32,~~096~~679.4463 6.000% 502750208 102 RT Toms River NJ 14,~~251~~667.4113 32,~~071~~655.2351 6.030% 502742414 103 LO Atlanta GA 1617,~~614~~084.6779 3,~~529~~058.0593 7.400% 310100010 104 MF Irving TX 14,~~062~~444.0480 43,~~163~~781.9519 6.300% 502746701 105 RT Miami FL 13,~~219~~604.3221 2,~~896~~511.6071 6.000% 310100017 106 OF Tulsa OK 13,~~290~~679.7438 2,~~785~~396.2460 6.110% 502750309 107 MF Spokane WA 13,~~090~~526.0033 0.00 5.950% 682000108 108 OF Lutherville MD 12,~~298~~657.5111 2,~~674~~315.1858 5.990% 502746826 109 MF Virginia Beach VA 12,~~122~~475.3188 2,~~626~~273.6306 6.000% 502747320 110 RT Knoxville TN 12,~~417~~782.7234 2,~~478~~114.7917 6.250% 582000111 111 MF Spokane WA 11,~~322~~627.3897 3,~~689~~384.6910 5.910% 582000112 112 RT Phoenix MD 1516,~~588~~015.1048 3,~~490~~062.1274 8.200% 502744605 113 RT Largo FL 1112,~~718~~062.8064 2,~~367~~024.9915 6.200% 582000114 114 SS Everett WA 11,~~464~~776.6642 3,~~509~~197.3256 6.110% 502739403 115 RT Duluth GA 12,~~593~~882.8776 5,~~491~~202.4152 7.130% 582000116 116 RT Wilson NC 11,~~268~~513.3822 65,~~184~~939.2743 6.280% 310100020 117 MH Lakeland FL 1011,~~841~~157.1030 2,~~348~~032.9070 6.000% 582000118 118 OF New Windsor NY 910,~~921~~206.7661 2,~~569~~284.6075 5.500% 682000119 119 OF Owings Mills MD 10,~~682~~995.1953 21,~~166~~852.0369 6.190% 502751313 120 SS Landover Hills MD 10,~~085~~357.9163 3,~~316~~044.3462 5.900% 410100004 121 RT Mesa AZ 10,~~265~~566.2364 21,~~049~~747.1170 6.250% 502750605 122 RT Decatur GA 9,~~482~~753.6416 2,~~312~~042.7826 6.090% 310100003 123 MF Dallas TX 8,~~485~~730.5290 21,~~018~~773.7941 5.750% 310100002 124 MH Santa Maria CA 89,~~752~~008.8244 1,~~852~~596.0947 6.100% 582000125 125 RT Tulsa OK 8,~~284~~427.9629 6,~~563~~421.9663 6.000% 502742418 126 LO Columbus OH 10,~~572~~872.9714 21,~~245~~946.7659 7.400% 682000127 127 OF Owings Mills MD 7,~~379~~594.1127 1,~~604~~389.5135 5.990% 310100044 128 MH Spokane WA 56,~~903~~075.2841 1,~~283~~111.6148 5.990% 582000129 129 RT Las Vegas NV 6,~~771~~958.4398 1,~~401~~214.6308 8.500% 582000130 130 IN Commack NY 2,~~989~~951.7302 1,~~544~~583.6233 7.450% Totals 4,~~622~~757,~~895~~412.2789 ~~942~~868,~~146~~795.1550

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 502737617 N/A 11/11/2012 N 48,~~212~~019,~~262~~629.7482 4847,~~160~~974,~~404~~928.3082 0508/11/2004 502753516 N/A 01/11/2013 N 3635,~~000~~965,~~000~~419.0024 3635,~~000~~930,~~000~~677.0008 0509/11/2004 502746711 N/A 10/11/2012 N 30,~~942~~812,~~634~~964.4102 30,~~907~~782,~~931~~673.0300 0508/11/2004 502754321 N/A 02/11/2013 N 26,500,000.00 26,500,000.00 0509/11/2004 502755016 N/A 01/11/2013 N 25,000,000.00 25,000,000.00 0508/11/2004 502745113 N/A 12/11/2012 N 23,~~619~~521,~~940~~107.5459 23,~~593~~498,~~501~~009.9335 0508/11/2004 502753714 N/A 01/11/2010 N 21,500,000.00 21,500,000.00 0509/11/2004 502742421 N/A 10/11/2012 N 19,~~251~~157,~~787~~927.5247 19,~~226~~136,~~570~~070.8501 0508/11/2004 502743311 N/A 08/01/2012 N 19,000,000.00 19,000,000.00 0509/01/2004 410100012 N/A 12/11/2012 N 17,~~880~~775,~~472~~993.8864 17,~~853~~751,~~012~~075.7849 0508/11/2004 582000011 12/11/2009 12/11/2030 N 17,~~505~~415,~~293~~645.5939 17,~~481~~394,~~680~~327.8952 0509/11/2004 502760002 01/11/2013 01/11/2033 N 17,~~277~~210,~~416~~673.4768 17,~~259~~195,~~378~~254.5699 0509/11/2004 310100022 N/A 01/11/2013 N 15,~~754~~686,~~440~~933.8829 15,~~736~~671,~~440~~099.2758 0509/11/2004 310100033 01/11/2013 01/11/2023 N 15,~~266~~118,~~304~~354.3101 15,~~228~~082,~~377~~121.7742 0508/11/2004 502744001 N/A 01/11/2013 N 14,~~379~~318,~~973~~239.0964 14,~~363~~303,~~551~~723.8900 0508/11/2004 310100001 N/A 11/11/2012 N 12,~~171~~095,~~203~~390.8536 12,~~151~~077,~~397~~193.9399 0509/11/2004 682000017 N/A 01/11/2013 N 12,~~224~~176,~~985~~838.7360 12,~~212~~165,~~007~~682.8121 0509/11/2004 582000018 N/A 08/01/2012 N 11,~~798~~734,~~552~~407.4707 11,~~781~~719,~~536~~257.6083 0509/01/2004 502750923 N/A 12/11/2012 N 11,~~703~~652,~~498~~447.3762 11,~~689~~640,~~911~~448.2895 0509/11/2004 582000020 N/A 01/11/2013 N 11,~~515~~465,~~944~~358.4275 11,~~502~~453,~~496~~455.04 0508/11/2004 502743019 11/11/2012 11/11/2032 N 11,~~384~~337,~~263~~803.5673 11,~~371~~326,~~791~~988.0353 0508/11/2004 682000022 N/A 01/01/2008 N 1110,~~057~~990,~~356~~248.5005 1110,~~039~~974,~~791~~173.0275 0509/01/2004 502755612 N/A 12/11/2012 N 11,000,000.00 11,000,000.00 0509/11/2004 310100041 N/A 01/11/2008 N 10,400,000.00 10,400,000.00 0508/11/2004 502751708 N/A 12/11/2012 N 10,~~076~~033,~~126~~521.4170 10,~~064~~023,~~744~~550.1806 0508/11/2004 682000026 N/A 01/01/2013 N 10,~~052~~011,~~337~~721.2763 10,~~041~~002,~~426~~274.6006 0509/01/2004 310100007 N/A 12/11/2007 N 109,~~001~~960,~~470~~232.3608 9,~~990~~950,~~418~~614.2038 0508/11/2004 310100034 N/A 01/11/2013 N 9,~~844~~801,~~614~~902.6776 9,~~833~~791,~~242~~868.8216 0509/11/2004 582000029 N/A 12/11/2012 N 9,~~846~~806,~~268~~266.9936 9,~~835~~796,~~527~~956.5085 0509/11/2004 310100030 01/11/2013 01/11/2033 N 9,~~826~~784,~~832~~724.5672 9,~~815~~774,~~604~~848.6845 0508/11/2004 502742510 N/A 11/11/2007 N 9,~~378~~340,~~436~~162.8188 9,~~368~~331,~~161~~253.8525 0509/11/2004 310100021 N/A 01/11/2013 N 98,~~012~~974,~~452~~630.4497 98,~~002~~965,~~341~~785.5436 0508/11/2004 502751009 N/A 12/11/2012 N 8,~~714~~678,~~237~~908.5699 8,~~704~~670,~~748~~689.5380 0508/11/2004 582000034 12/11/2011 12/11/2032 N 8,~~636~~601,~~917~~004.4363 8,~~627~~592,~~302~~618.8489 0508/11/2004 310100024 N/A 01/11/2013 N 8,~~484~~445,~~390~~762.3957 8,~~474~~436,~~163~~631.3864 0508/11/2004 310100040 N/A 01/11/2008 N 8,600,000.00 8,600,000.00 0508/11/2004 310100032 01/11/2013 01/11/2033 N 7,~~877~~843,~~220~~466.5376 7,~~868~~835,~~220~~549.2391 0508/11/2004 310100025 N/A 01/11/2013 N 7,~~684~~649,~~644~~657.3763 7,~~675~~641,~~381~~387.3739 0508/11/2004 502750015 N/A 12/11/2012 N 7,~~692~~660,~~160~~975.8386 7,~~683~~653,~~784~~720.7468 0508/11/2004 582000040 N/A 10/11/2012 N 7,~~678~~650,~~757~~456.3334 7,~~671~~643,~~049~~976.2933 0509/11/2004 310100027 N/A 01/11/2013 N 7,~~113~~080,~~116~~731.2155 7,~~104~~073,~~542~~076.1339 0508/11/2004 502752321 N/A 01/11/2013 N 7,220,000.00 7,220,000.00 0508/11/2004 682000043 N/A 01/11/2013 N 7,~~052~~020,~~992~~848.0543 7,~~044~~013,~~482~~249.7630 0508/11/2004 502758020 N/A 01/11/2013 N 6,~~865~~828,~~512~~220.1871 6,~~855~~819,~~635~~399.8606 0508/11/2004 502732004 N/A 12/01/2012 N 6,~~497~~471,~~671~~048.1575 6,~~490~~464,~~530~~845.3547 0509/01/2004 502742430 N/A 10/11/2012 N 6,~~417~~385,~~262~~975.4676 6,~~408~~378,~~856~~689.9094 0508/11/2004 502744604 N/A 01/11/2013 N 6,~~409~~384,~~035~~009.5260 6,~~402~~378,~~282~~218.0042 0508/11/2004 502745010 N/A 11/11/2012 N 6,~~393~~367,~~271~~179.0982 6,~~386~~361,~~266~~106.6714 0509/11/2004 502747902 N/A 11/11/2012 N 6,~~373~~347,~~599~~588.4849 6,~~366~~341,~~616~~533.6149 0508/11/2004 582000050 N/A 01/11/2013 N 6,~~102~~075,~~466~~660.2212 6,~~095~~069,~~339~~352.7217 0508/11/2004 310100028 N/A 01/11/2013 N 6,~~091~~063,~~054~~323.4904 6,~~083~~056,~~712~~767.3882 0508/11/2004 502752705 N/A 01/11/2013 N 65,~~006~~981,~~766~~134.9885 5,~~999~~975,~~928~~126.8129 0509/11/2004 310100031 01/11/2013 01/11/2033 N 5,~~852~~827,~~774~~695.7972 5,~~846~~821,~~087~~813.5650 0508/11/2004 502748510 N/A 01/11/2013 N 5,~~808~~783,~~605~~482.4023 5,~~801~~777,~~913~~582.9830 0508/11/2004 502748213 N/A 12/11/2012 N 5,~~672~~649,~~577~~822.2174 5,~~666~~644,~~456~~537.9626 0508/11/2004 502754316 N/A 01/11/2013 N 5,~~517~~494,~~556~~883.7415 5,~~511~~489,~~479~~596.2204 0509/11/2004 502745411 N/A 01/01/2013 N 5,~~424~~403,~~495~~720.4276 5,~~418~~398,~~874~~928.1207 0509/01/2004 582000058 N/A 02/11/2018 N 4,~~941~~864,~~371~~099.5460 4,~~922~~844,~~197~~539.8454 0509/11/2004 310100008 N/A 12/11/2012 N 5,~~099~~073,~~291~~026.9022 5,~~092~~066,~~351~~800.1483 0508/11/2004 502739621 N/A 11/01/2012 N 5,~~121~~101,~~187~~900.6333 5,~~115~~097,~~952~~466.7141 0409/01/2004 502744614 N/A 10/01/2012 N 5,~~114~~094,~~627~~726.5707 5,~~109~~090,~~248~~128.9731 0509/01/2004 582000062 N/A 01/11/2013 N 4,~~919~~889,~~022~~698.7396 4,~~911~~882,~~333~~688.6120 0508/11/2004 682000063 N/A 01/01/2013 N 4,~~772~~753,~~396~~113.3586 4,~~767~~748,~~216~~628.4558 0509/01/2004 502749325 N/A 12/11/2009 N 4,~~624~~604,~~309~~634.6607 4,~~619~~600,~~057~~025.2104 0508/11/2004 582000065 N/A 08/01/2007 N 4,~~618~~601,~~480~~239.8067 4,~~613~~597,~~790~~286.3763 0509/01/2004 310100036 N/A 01/11/2013 N 4,~~445~~421,~~154~~616.5737 4,~~438~~416,~~902~~065.3192 0509/11/2004 502748502 N/A 12/11/2007 N 4,~~424~~404,~~450~~830.3342 4,~~419~~400,~~238~~209.6621 0508/11/2004 502748709 N/A 12/11/2012 N 4,~~283~~265,~~269~~904.2838 4,~~278~~261,~~605~~864.1844 0508/11/2004 502744302 12/11/2012 12/11/2032 N 4,~~252~~236,~~885~~542.9129 4,~~248~~232,~~464~~771.3108 0508/11/2004 582000070 N/A 01/01/2011 N 4,~~221~~207,~~083~~737.1902 4,~~217~~204,~~269~~855.4300 0509/01/2004 582000071 12/01/2012 12/01/2032 N 4,~~184~~166,~~106~~963.4017 4,~~179~~162,~~508~~968.1563 0509/01/2004 502754319 N/A 01/11/2013 N 3,~~942~~926,~~214~~320.9248 3,~~937~~922,~~943~~624.9745 0508/11/2004 502753401 N/A 01/11/2013 N 3,~~942~~926,~~214~~320.9248 3,~~937~~922,~~943~~624.9745 0508/11/2004 502751306 11/11/2012 11/11/2032 N 3,~~935~~919,~~421~~630.6362 3,~~931~~915,~~172~~963.9692 0508/11/2004 310100037 N/A 01/11/2013 N 3,~~876~~855,~~017~~493.8133 3,~~870~~850,~~566~~653.0654 0509/11/2004 502743602 11/11/2012 11/11/2032 N 3,~~805~~792,~~516~~174.9161 3,~~801~~789,~~856~~145.6562 0508/11/2004 310100039 N/A 01/11/2013 N 3,~~689~~670,~~576~~039.4726 3,~~684~~665,~~386~~432.9627 0509/11/2004 502745007 N/A 12/11/2012 N 3,~~643~~628,~~240~~470.5439 3,~~639~~625,~~273~~034.3712 0509/11/2004 502753403 N/A 01/11/2013 N 3,~~498~~484,~~715~~609.7747 3,~~494~~481,~~925~~329.3125 0508/11/2004 310100026 N/A 01/11/2013 N 3,~~482~~466,~~288~~434.9170 3,~~478~~462,~~091~~687.39 05 08/11/2004 502751502 N/A 01/11/2013 N 3,~~452~~438,~~054~~862.4841 3,~~448~~435,~~483~~820.8308 0509/11/2004 310100006 N/A 12/11/2012 N 3,~~426~~407,~~648~~438.8199 3,~~421~~402,~~577~~878.5793 0508/11/2004 682000083 N/A 11/01/2012 N 3,~~443~~429,~~733~~973.0352 3,~~440~~426,~~028~~780.8559 0509/01/2004 502751771 01/11/2013 01/11/2033 N 3,~~178~~165,~~410~~595.8396 3,~~174~~162,~~967~~616.3804 0508/11/2004 502747407 11/11/2012 11/11/2027 N 3,~~143~~124,~~510~~705.7175 3,~~138~~120,~~578~~210.4592 0509/11/2004 310100038 N/A 01/11/2013 N 3,~~140~~123,~~065~~437.0562 3,~~135~~119,~~648~~516.4477 0509/11/2004 410100011 N/A 01/11/2010 N 3,~~138~~121,~~378~~386.9766 3,~~133~~117,~~913~~335.8606 0508/11/2004 310100009 N/A 12/11/2012 N 3,~~126~~106,~~141~~865.4220 3,~~121,~~102,241.2887 0509/11/2004 582000089 01/11/2013 01/11/2033 N 3,~~144~~131,~~908~~958.8504 3,~~141~~128,~~438~~937.4021 0508/11/2004 310100035 N/A 01/11/2013 N 3,~~100~~084,~~814~~394.2567 3,~~096~~080,~~452~~522.8583 0509/11/2004 582000091 N/A 01/11/2013 N 3,~~101~~088,~~954~~745.6345 3,~~098~~085,~~429~~649.7789 0508/11/2004 582000092 N/A 12/11/2012 N 3,~~051~~038,~~012~~272.2459 3,~~047~~035,~~603~~296.3808 0508/11/2004 502742420 N/A 10/11/2012 N 2,~~988~~973,~~190~~622.8523 2,~~984~~970,~~276~~229.8159 0508/11/2004 682000094 N/A 01/01/2013 N 2,~~966~~954,~~425~~439.0648 2,~~963~~951,~~205~~651.3552 0509/01/2004 310100013 N/A 12/11/2012 N 2,~~956~~945,~~952~~735.4882 2,~~953~~943,~~912~~153.3806 0509/11/2004 582000096 N/A 11/11/2012 N 2,~~948~~936,~~634~~086.8249 2,~~945~~933,~~283~~148.9501 0508/11/2004 310100018 N/A 12/11/2012 N 2,~~930~~918,~~519~~938.1614 2,~~927~~916,~~398~~254.0114 0508/11/2004 582000098 N/A 01/11/2013 N 2,~~908~~897,~~539~~133.9381 2,~~905~~894,~~463~~492.6659 0508/11/2004 582000099 N/A 09/01/2012 N 2,~~897~~888,~~569~~187.0540 2,~~894~~886,~~959~~092.5876 0509/01/2004 502740410 N/A 11/11/2012 N 2,~~855~~838,~~632~~577.2520 2,~~851~~834,~~158~~501.2335 0509/11/2004 582000101 N/A 01/11/2013 N 2,~~858~~846,~~105~~582.7527 2,~~855~~843,~~009~~902.3164 0508/11/2004 502750208 12/11/2012 12/11/2032 N 2,~~836~~824,~~101~~676.4854 2,~~833~~822,~~030~~021.2503 0508/11/2004 502742414 N/A 10/11/2012 N 2,~~694~~681,~~270~~134.5289 2,~~690~~678,~~741~~075.4796 0508/11/2004 310100010 N/A 09/11/2012 N 2,~~678~~662,~~482~~635.9810 2,~~674~~658,~~319~~853.0391 0508/11/2004 502746701 N/A 11/11/2012 N 2,~~643~~633,~~863~~073.4266 2,~~640~~630,~~966~~561.8295 0508/11/2004 310100017 N/A 12/11/2012 N 2,~~610~~599,~~293~~955.3172 2,~~607~~597,~~508~~559.0712 0508/11/2004 502750309 N/A 12/11/2012 N 2,640,000.00 2,640,000.00 0508/11/2004 682000108 N/A 01/01/2013 N 2,~~463~~453,~~808~~853.2141 2,~~461~~451,~~134~~537.0383 0509/01/2004 502746826 N/A 01/11/2013 N 2,~~424~~414,~~462~~687.2115 2,~~421~~412,~~835~~414.5809 0508/11/2004 502747320 12/11/2012 12/11/2032 N 2,~~384~~375,~~202~~040.9659 2,~~381~~372,~~724~~926.1742 0508/11/2004 582000111 N/A 01/11/2013 N 2,~~298~~284,~~960~~848.2830 2,~~295~~281,~~270~~464.5920 0508/11/2004 582000112 N/A 09/01/2009 N 2,~~281~~268,~~185~~124.3233 2,~~277~~265,~~695~~061.2059 0509/01/2004 502744605 N/A 01/11/2013 N 2,~~268~~259,~~153~~392.9302 2,~~265~~257,~~785~~367.9487 0508/11/2004 582000114 N/A 01/11/2013 N 2,~~251~~238,~~651~~272.7881 2,~~248~~235,~~142~~075.4625 0508/11/2004 502739403 N/A 06/01/2012 N 2,~~119~~098,~~585~~263.4859 2,~~114~~093,~~094~~061.07 0509/01/2004 582000116 N/A 01/11/2021 N 2,~~153~~129,~~192~~011.7972 2,~~147~~123,~~008~~072.5229 0508/11/2004 310100020 N/A 01/11/2013 N 2,~~168~~159,~~219~~477.0962 2,~~165~~157,~~870~~444.1992 0508/11/2004 582000118 N/A 01/11/2008 N 2,~~164~~155,~~748~~062.6433 2,~~162~~152,~~179~~777.0458 0508/11/2004 682000119 N/A 01/01/2013 N 2,~~070~~062,~~861~~844.1213 2,~~068~~060,~~695~~991.0944 0509/01/2004 502751313 N/A 12/11/2012 N 2,~~051~~038,~~371~~681.4046 2,~~048~~035,~~055~~636.0684 0509/11/2004 410100004 N/A 12/11/2012 N 1,~~970~~963,~~924~~350.7763 1,~~968~~961,~~875~~602.6693 0509/11/2004 502750605 N/A 01/11/2013 N 1,~~868~~859,~~499~~811.8189 1,~~866~~857,~~187~~769.0363 0509/11/2004 310100003 N/A 12/11/2012 N 1,~~770~~763,~~890~~324.5633 1,~~768~~761,~~871~~550.7792 0408/11/2004 310100002 N/A 11/11/2012 N 1,~~721~~714,~~866~~986.5075 1,~~720~~713,~~014~~390.4128 0509/11/2004 582000125 N/A 01/11/2018 N 1,~~656~~631,~~991~~088.6698 1,~~650~~624,~~427~~667.7035 0508/11/2004 502742418 N/A 10/11/2012 N 1,~~714~~706,~~535~~176.7975 1,~~712~~704,~~290~~230.0316 0508/11/2004 682000127 N/A 01/01/2013 N 1,~~478~~472,~~284~~311.8393 1,~~476~~470,~~680~~922.3258 0509/01/2004 310100044 N/A 01/11/2013 N 1,~~182~~177,~~627~~849.9767 1,~~181~~176,~~344~~738.3619 0508/11/2004 582000129 N/A 09/01/2009 N ~~955~~950,~~966~~753.1008 ~~954~~949,~~564~~539.4700 0509/01/2004 582000130 N/A 10/01/2018 N ~~481~~475,~~567~~331.6438 ~~480~~473,~~023~~748.02 05 09/11/2004 Totals ~~925~~921,~~172~~594,~~575~~589.5880 ~~924~~920,~~230~~725,~~429~~794.4330

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 0509/1715/2004 0 $0.00 0 $0.00 0 $0.00 0408/1516/2004 0 $0.00 0 $0.00 0 $0.00 0307/15/2004 0 $0.00 0 $0.00 0 $0.00 0206/1715/2004 0 $0.00 0 $0.00 0 $0.00 0105/1517/2004 0 $0.00 0 $0.00 0 $0.00 1204/15/~~2003~~2004 0 $0.00 0 $0.00 0 $0.00 1103/1715/~~2003~~2004 0 $0.00 0 $0.00 0 $0.00 1002/1517/~~2003~~2004 0 $0.00 0 $0.00 0 $0.00 0901/15/~~2003~~2004 0 $0.00 0 $0.00 0 $0.00 0812/15/2003 0 $0.00 0 $0.00 0 $0.00 0711/1517/2003 0 $0.00 0 $0.00 0 $0.00 0610/1615/2003 0 $0.00 0 $0.00 0 $0.00

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 0509/1715/2004 0 $0.00 0 $0.00 0 $0.00 0408/1516/2004 0 $0.00 0 $0.00 0 $0.00 0307/15/2004 0 $0.00 0 $0.00 0 $0.00 0206/1715/2004 0 $0.00 0 $0.00 0 $0.00 0105/1517/2004 0 $0.00 0 $0.00 0 $0.00 1204/15/~~2003~~2004 0 $0.00 0 $0.00 0 $0.00 1103/1715/~~2003~~2004 0 $0.00 0 $0.00 0 $0.00 1002/1517/~~2003~~2004 0 $0.00 0 $0.00 0 $0.00 0901/15/~~2003~~2004 0 $0.00 0 $0.00 0 $0.00 0812/15/2003 0 $0.00 0 $0.00 0 $0.00 0711/1517/2003 0 $0.00 0 $0.00 0 $0.00 0610/1615/2003 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 0509/1715/2004 0 $0.00 0 $0.00 5.~~996078~~995865% 5.~~946647~~946438% 9894 0408/1516/2004 0 $0.00 0 $0.00 5.~~996151~~995905% 5.~~946719~~946477% 9995 0307/15/2004 0 $0.00 0 $0.00 5.~~996209~~995944% 5.~~946776~~946515% ~~100~~96 0206/1715/2004 0 $0.00 0 $0.00 5.~~996295~~996018% 5.~~946861~~946589% ~~101~~97 0105/1517/2004 0 $0.00 0 $0.00 5.~~996352~~996078% 5.~~946916~~946647% ~~102~~98 1204/15/~~2003~~2004 0 $0.00 0 $0.00 5.~~996408~~996151% 5.~~946971~~946719% ~~103~~99 1103/1715/~~2003~~2004 0 $0.00 0 $0.00 5.~~996478~~996209% 5.~~947040~~946776% ~~104~~100 1002/1517/~~2003~~2004 0 $0.00 0 $0.00 5.~~996533~~996295% 5.~~947094~~946861% ~~105~~101 0901/15/~~2003~~2004 0 $0.00 0 $0.00 5.~~996601~~996352% 5.~~947161~~946916% ~~106~~102 0812/15/2003 0 $0.00 0 $0.00 5.~~996655~~996408% 5.~~947214~~946971% ~~107~~103 0711/1517/2003 0 $0.00 0 $0.00 5.~~996715~~996478% 5.~~947273~~947040% ~~108~~104 0610/1615/2003 0 $0.00 0 $0.00 5.~~996790~~996533% 5.~~947347~~947094% ~~109~~105 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 ~~502739621~~502737617 1 0 08/11/2004 295,336.78 295,336.78 A 502746711 3 0 08/11/2004 185,810.90 185,810.90 A 502755016 5 0 08/11/2004 109,388.88 109,388.88 A 502745113 6 0 08/11/2004 140,605.78 140,605.78 A 502742421 8 0 08/11/2004 143,297.43 143,297.43 A 410100012 10 0 08/11/2004 119,254.37 119,254.37 A 310100033 14 0 08/11/2004 110,064.76 110,064.76 A 502744001 15 0 08/11/2004 81,852.13 81,852.13 A 582000020 20 0 08/11/2004 66,711.31 66,711.31 A 502743019 21 0 08/11/2004 69,015.93 69,015.93 A 310100041 24 0 08/11/2004 47,565.56 47,565.56 A 502751708 25 0 08/11/2004 59,749.05 59,749.05 A 310100007 27 0 08/11/2004 60,060.75 60,060.75 A 310100030 30 0 0408/0111/2004 57,661.06 57,661.06 A 310100021 32 0 08/11/2004 53,~~270~~447.03 53,447.03 32A 502751009 33 0 08/11/2004 52,~~270~~481.62 52,481.62 A 582000034 34 0 08/11/2004 51,648.79 51,648.79 A 310100024 35 0 08/11/2004 48,231.30 48,231.30 A 310100040 36 0 08/11/2004 39,333.06 39,333.06 A 310100032 37 0 08/11/2004 46,221.30 46,221.30 A 310100025 38 0 08/11/2004 43,684.98 43,684.98 A 502750015 39 0 08/11/2004 46,581.53 B46,581.53 A 310100027 41 0 08/11/2004 40,436.00 40,436.00 A 502752321 42 0 08/11/2004 36,254.43 36,254.43 A 682000043 43 0 08/11/2004 40,072.51 40,072.51 A 502758020 44 0 08/11/2004 47,695.10 47,695.10 A 502742430 46 0 08/11/2004 47,765.82 47,765.82 A 502744604 47 0 08/11/2004 39,387.03 39,387.03 A 502747902 49 0 08/11/2004 38,639.29 38,639.29 A 582000050 50 0 08/11/2004 35,351.30 35,351.30 A 310100028 51 0 08/11/2004 34,625.87 34,625.87 A 310100031 53 0 08/11/2004 34,342.42 34,342.42 A 502748510 54 0 08/11/2004 33,920.10 33,920.10 A 502748213 55 0 08/11/2004 34,531.17 34,531.17 A 310100008 59 0 08/11/2004 32,310.61 32,310.61 A 582000062 62 0 08/11/2004 32,490.18 32,490.18 A 502749325 64 0 08/11/2004 27,334.19 27,334.19 A 502748502 67 0 08/11/2004 25,601.67 25,601.67 A 502748709 68 0 08/11/2004 25,796.05 25,796.05 A 502744302 69 0 08/11/2004 26,430.83 26,430.83 A 502754319 72 0 08/11/2004 23,851.14 23,851.14 A 502753401 73 0 08/11/2004 23,851.14 23,851.14 A 502751306 74 0 08/11/2004 24,057.48 24,057.48 A 502743602 76 0 08/11/2004 24,781.33 24,781.33 A 502753403 79 0 08/11/2004 21,167.88 21,167.88 A 310100026 80 0 08/11/2004 19,795.81 19,795.81 A 310100006 82 0 08/11/2004 23,518.67 23,518.67 A 502751771 84 0 08/11/2004 19,229.98 19,229.98 A 410100011 87 0 08/11/2004 19,086.29 19,086.29 A 582000089 89 0 08/11/2004 18,828.52 18,828.52 A 582000091 91 0 08/11/2004 18,259.58 18,259.58 A 582000092 92 0 08/11/2004 18,206.69 18,206.69 A 502742420 93 0 08/11/2004 22,242.10 22,242.10 A 582000096 96 0 08/11/2004 17,504.74 17,504.74 A 310100018 97 0 08/11/2004 17,969.50 17,969.50 A 582000098 98 0 08/11/2004 17,837.48 17,837.48 A 582000101 101 0 08/11/2004 17,292.09 17,292.09 A 502750208 102 0 08/11/2004 17,228.48 17,228.48 A 502742414 103 0 08/11/2004 20,054.34 20,054.34 A 310100010 104 0 08/11/2004 18,137.24 18,137.24 A 502746701 105 0 08/11/2004 16,028.16 16,028.16 A 310100017 106 0 08/11/2004 15,989.32 15,989.32 A 502750309 107 0 08/11/2004 13,438.33 13,438.33 A 502746826 109 0 08/11/2004 14,668.46 14,668.46 A 502747320 110 0 08/11/2004 14,817.34 14,817.34 A 582000111 111 0 08/11/2004 14,935.91 14,935.91 A 502744605 113 0 08/11/2004 14,011.47 14,011.47 A 582000114 114 0 08/11/2004 14,899.38 14,899.38 A 582000116 116 0 08/11/2004 17,381.69 17,381.69 A 310100020 117 0 08/11/2004 13,118.02 13,118.02 A 582000118 118 0 08/11/2004 12,419.52 12,419.52 A 310100003 123 0 0408/11/2004 10,445.2953 10,445.2953 BA 582000125 125 0 08/11/2004 14,794.56 14,794.56 A 502742418 126 0 08/11/2004 12,761.85 12,761.85 A 310100044 128 0 08/11/2004 7,147.63 7,147.63 A Totals 275 423,~~715~~170,746.8252 423,~~715~~170,746.8252

Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date ~~502739621~~502737617 48,019,629.82 0.00 502746711 30,812,964.02 0.00 502755016 25,000,000.00 0.00 502745113 23,521,107.59 0.00 502742421 19,157,927.47 0.00 410100012 17,775,993.64 0.00 310100033 15,118,354.01 0.00 502744001 14,318,239.64 0.00 582000020 11,465,358.75 0.00 502743019 11,337,803.73 0.00 310100041 10,400,000.00 0.00 502751708 10,033,521.70 0.00 310100007 9,960,232.08 0.00 310100030 9,784,724.72 0.00 310100021 8,974,630.97 0.00 502751009 8,678,908.99 0.00 582000034 8,601,004.63 0.00 310100024 8,445,762.57 0.00 310100040 8,600,000.00 0.00 310100032 7,843,466.76 0.00 310100025 7,649,657.63 0.00 502750015 7,660,975.86 0.00 310100027 7,080,731.55 0.00 502752321 7,220,000.00 0.00 682000043 7,020,848.43 0.00 502758020 6,828,220.71 0.00 502742430 6,385,975.76 0.00 502744604 6,384,009.60 0.00 502747902 6,347,588.49 0.00 582000050 6,075,660.12 0.00 310100028 6,063,323.04 0.00 310100031 5,827,695.72 0.00 502748510 5,783,482.23 0.00 502748213 5,649,822.74 0.00 310100008 5,073,026.22 0.00 582000062 4,889,698.96 0.00 502749325 4,604,634.07 0.00 502748502 4,404,830.42 0.00 502748709 4,265,904.38 0.00 502744302 4,236,542.29 0.00 502754319 3,926,320.48 0.00 502753401 3,926,320.48 0.00 502751306 3,919,630.62 0.00 502743602 3,792,174.61 0.00 502753403 3,484,609.47 0.00 310100026 3,466,434.70 0.00 310100006 3,407,438.99 0.00 502751771 3,165,595.96 0.00 410100011 3,121,~~187~~386.6366 0.00 582000089 3,131,958.04 0.00 582000091 3,088,745.45 0.00 582000092 3,038,272.59 0.00 502742420 2,973,622.23 0.00 582000096 2,936,086.49 0.00 310100018 2,918,938.14 0.00 582000098 2,897,133.81 0.00 582000101 2,846,582.27 0.00 502750208 2,824,676.54 0.00 502742414 2,681,134.89 0.00 310100010 2,662,635.10 0.00 502746701 2,633,073.66 0.00 310100017 2,599,955.72 0.00 502750309 2,640,000.00 0.00 502746826 2,414,687.15 0.00 502747320 2,375,040.59 0.00 582000111 2,284,848.30 0.00 502744605 2,259,392.02 0.00 582000114 2,238,272.81 0.00 582000116 2,129,011.72 0.00 310100020 2,159,477.62 0.00 582000118 2,155,062.33 0.00 310100003 1,~~770~~763,~~890~~324.5633 0.00 582000125 1,631,088.98 0.00 502742418 1,706,176.75 0.00 310100044 1,177,849.67 0.00 Totals 6523,~~892~~679,~~078~~218.1948 0.00

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = BA (275 loans) 423,~~715~~170,746.8252 423,~~715~~170,746.8252 6523,~~892~~679,~~078~~218.1948 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 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 · WACHOVIA COMMERCIAL MORT SEC INC PAS THR CERTS SER 03 C3