8-K 1 gmc04c01_oct.txt OCTOBER 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: October 12, 2004 (Date of earliest event reported) Commission File No.: 333-107510-02 GMAC Commercial Mortgage Securities, Inc. Mortgage Pass-Through Certificates Series 2004-C1 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2151885 54-2151886 54-2151887 54-2151888 54-2151889 54-6612477 (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 October 12, 2004, a distribution was made to holders of GMAC Commercial Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2004-C1. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-C1, relating to the October 12, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GMAC Commercial Mortgage Securities, Inc. Mortgage Pass-Through Certificates Series 2004-C1 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: October 12, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-C1, relating to the October 12, 2004 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 GMAC Commercial Mortgage Securities, Inc. Mortgage Pass-Through Certificates Series 2004-C1 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: October 12, 2004 Record Date: September 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 - 13 Principal Prepayment Detail 14 Historical Detail 15 Delinquency Loan Detail 16 - 17 Specially Serviced Loan Detail 18 - 19 Modified Loan Detail 20 Liquidated Loan Detail 21 Depositor GMAC Commercial Mortgage Securities, Inc. 200 Witmer Road Horsham, PA 19044 Contact: Karen Repeckyj Phone Number: (215) 328-1259 Master Servicer GMAC Commercial Mortgage Corporation 200 Witmer Road Horsham, PA 19044-8015 Contact: Darri Cunningham Phone Number: (215) 328-1784 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 361849C59 3.118000% 52,000,000.00 4645,~~681~~653,~~720~~315.0509 ~~542~~570,~~112~~795.8918 ~~121~~118,~~294~~622.6753 A-2 361849C67 4.100000% 55,000,000.00 55,000,000.00 0.00 187,916.67 A-3 361849C75 4.776000% 50,000,000.00 50,000,000.00 0.00 199,000.00 A-4 361849D41 4.908000% 343,755,000.00 343,755,000.00 0.00 1,405,957.95 A-1A 361849D74 4.481000% 102,519,000.00 102,~~205~~013,~~452~~366.5315 95111,~~820~~159.1492 ~~381~~380,~~652~~934.1991 B 361849C83 4.991000% 20,740,000.00 20,740,000.00 0.00 86,261.12 C 361849C91 5.041000% 8,116,000.00 8,116,000.00 0.00 34,093.96 D 361849D25 5.070000% 15,330,000.00 15,330,000.00 0.00 64,769.25 E 361849D33 5.169000% 8,116,000.00 8,116,000.00 0.00 34,959.67 F 361849D82 5.347000% 12,624,000.00 12,624,000.00 0.00 56,250.44 G 361849D90 5.455000% 8,116,000.00 8,116,000.00 0.00 36,893.98 H 361849E24 5.~~868295~~702524% 10,821,000.00 10,821,000.00 0.00 5251,~~917~~422.3551 J 361849E32 5.173000% 4,509,000.00 4,509,000.00 0.00 19,437.55 K 361849E40 5.173000% 4,509,000.00 4,509,000.00 0.00 19,437.55 L 361849E57 5.173000% 4,508,000.00 4,508,000.00 0.00 19,433.24 M 361849E65 5.173000% 2,706,000.00 2,706,000.00 0.00 11,665.12 N 361849E73 5.173000% 2,705,000.00 2,705,000.00 0.00 11,660.80 O 361849E81 5.173000% 2,705,000.00 2,705,000.00 0.00 11,660.80 P 361849E99 5.173000% 12,625,189.65 12,625,189.65 0.00 54,~~205~~412.9884 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 R-III N/A 0.000000% 0.00 0.00 0.00 0.00 Totals 721,404,189.65 ~~715~~714,~~772~~551,~~362~~870.2389 ~~637~~681,~~933~~955.0310 2,~~809~~804,~~468~~790.2989

Class CUSIP Prepayment Realized Loss/ Total Ending Current ~~Penalties~~Premium Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 361849C59 0.00 0.00 ~~663~~689,~~407~~417.5671 4645,~~139~~082,~~607~~519.1691 16.5255% A-2 361849C67 0.00 0.00 187,916.67 55,000,000.00 16.5255% A-3 361849C75 0.00 0.00 199,000.00 50,000,000.00 16.5255% A-4 361849D41 0.00 0.00 1,405,957.95 343,755,000.00 16.5255% A-1A 361849D74 0.00 0.00 ~~477~~492,~~472~~094.3383 ~~102~~101,~~109~~902,~~632~~206.3923 16.5255% B 361849C83 0.00 0.00 86,261.12 20,740,000.00 13.6264% C 361849C91 0.00 0.00 34,093.96 8,116,000.00 12.4851% D 361849D25 0.00 0.00 64,769.25 15,330,000.00 10.3436% E 361849D33 0.00 0.00 34,959.67 8,116,000.00 9.2122% F 361849D82 0.00 0.00 56,250.44 12,624,000.00 7.4445% G 361849D90 0.00 0.00 36,893.98 8,116,000.00 6.3032% H 361849E24 0.00 0.00 5251,~~917~~422.3551 10,821,000.00 4.7980% J 361849E32 0.00 0.00 19,437.55 4,509,000.00 4.1617% K 361849E40 0.00 0.00 19,437.55 4,509,000.00 3.5354% L 361849E57 0.00 0.00 19,433.24 4,508,000.00 2.9091% M 361849E65 0.00 0.00 11,665.12 2,706,000.00 2.5253% N 361849E73 0.00 0.00 11,660.80 2,705,000.00 2.1415% O 361849E81 0.00 0.00 11,660.80 2,705,000.00 1.77% P 361849E99 0.00 0.00 54,~~205~~412.9884 12,625,189.65 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% R-III N/A 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 3,~~447~~486,~~401~~745.3299 ~~715~~713,~~134~~869,~~429~~915.2079

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount X-1 361849D58 0.~~063063~~053828% 721,404,189.65 ~~715~~714,~~772~~551,~~362~~870.2389 3732,~~615~~052.3559 X-2 361849D66 10.~~133895~~970268% 691,069,000.00 691,069,000.00 ~~652~~558,~~999~~768.7944

Class CUSIP Prepayment Total Ending ~~Penalties~~Premium Distribution Notional Amount X-1 361849D58 ~~4,887~~0.5700 4232,~~502~~052.9259 ~~715~~713,~~134~~869,~~429~~915.2079 X-2 361849D66 0.00 ~~652~~558,~~999~~768.7944 691,069,000.00 (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~~Premium Additional Balance Trust Fund Expenses A-1 361849C59 ~~897~~877.~~72538558~~94836712 10.~~42524788~~97683038 2.~~33258981~~28120250 0.00000000 0.00000000 ~~887~~866.~~30013769~~97153673 A-2 361849C67 1,000.00000000 0.00000000 3.41666673 0.00000000 0.00000000 1,000.00000000 A-3 361849C75 1,000.00000000 0.00000000 3.98000000 0.00000000 0.00000000 1,000.00000000 A-4 361849D41 1,000.00000000 0.00000000 4.09000000 0.00000000 0.00000000 1,000.00000000 A-1A 361849D74 ~~996~~995.~~94156722~~06790107 01.~~93465738~~08428603 3.~~72274593~~71574937 0.00000000 0.00000000 ~~996~~993.~~00690984~~98361504 B 361849C83 1,000.00000000 0.00000000 4.15916683 0.00000000 0.00000000 1,000.00000000 C 361849C91 1,000.00000000 0.00000000 4.20083292 0.00000000 0.00000000 1,000.00000000 D 361849D25 1,000.00000000 0.00000000 4.22500000 0.00000000 0.00000000 1,000.00000000 E 361849D33 1,000.00000000 0.00000000 4.30750000 0.00000000 0.00000000 1,000.00000000 F 361849D82 1,000.00000000 0.00000000 4.45583333 0.00000000 0.00000000 1,000.00000000 G 361849D90 1,000.00000000 0.00000000 4.54583292 0.00000000 0.00000000 1,000.00000000 H 361849E24 1,000.00000000 0.00000000 4.~~89024582~~75210332 0.00000000 0.00000000 1,000.00000000 J 361849E32 1,000.00000000 0.00000000 4.31083389 0.00000000 0.00000000 1,000.00000000 K 361849E40 1,000.00000000 0.00000000 4.31083389 0.00000000 0.00000000 1,000.00000000 L 361849E57 1,000.00000000 0.00000000 4.31083407 0.00000000 0.00000000 1,000.00000000 M 361849E65 1,000.00000000 0.00000000 4.31083518 0.00000000 0.00000000 1,000.00000000 N 361849E73 1,000.00000000 0.00000000 4.31083179 0.00000000 0.00000000 1,000.00000000 O 361849E81 1,000.00000000 0.00000000 4.31083179 0.00000000 0.00000000 1,000.00000000 P 361849E99 1,000.00000000 0.00000000 4.~~29347847~~30986318 0.00000000 0.00000000 1,000.00000000 R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000

Class CUSIP Beginning Interest Prepayment Ending Notional Distribution ~~Penalties~~Premium Notional Amount Amount X-1 361849D58 ~~992~~990.~~19324271~~50141535 0.~~05214185~~04443083 0.~~00677508~~00000000 ~~991~~989.~~30894921~~55609911 X-2 361849D66 1,000.00000000 0.~~94491258~~80855666 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding 0.00 Servicing Advances Outstanding 0.00 Reimbursement for Interest on P & I Advances ~~219~~12.1125 paid from general collections Reimbursement for Interest on Servicing 0.00 Advances paid from general collections

~~Master~~ Servicing Fee Summary Current Period Accrued Master Servicing Fees 4645,~~784~~228.8892 Less ~~Delinquent~~ Master Servicing Fees 31on Delinquent Payments 28,~~780~~261.7226 Less Reductions to Master Servicing Fees 0.00 Plus Master Servicing Fees for Delinquent Payments Received 28,~~542~~680.6105 Plus Adjustments for Prior Master Servicing Calculation 0.00 Total Master Servicing Fees Collected 4345,~~546~~647.7771

Certificate Interest Reconciliation Class Accrued Net Aggregate Distributable Distributable Additional Certificate Prepayment Certificate Certificate Trust Fund Interest Interest Interest Interest Expenses Shortfall Adjustment A-1 ~~121~~118,~~294~~622.6753 0.00 ~~121~~118,~~294~~622.6753 0.00 0.00 A-2 187,916.67 0.00 187,916.67 0.00 0.00 A-3 199,000.00 0.00 199,000.00 0.00 0.00 A-4 1,405,957.95 0.00 1,405,957.95 0.00 0.00 A-1A ~~381~~380,~~652~~934.1991 0.00 ~~381~~380,~~652~~934.1991 0.00 0.00 X-1 3732,~~615~~052.3559 0.00 3732,~~615~~052.3559 0.00 0.00 X-2 ~~652~~558,~~999~~768.7944 0.00 ~~652~~558,~~999~~768.7944 0.00 0.00 B 86,261.12 0.00 86,261.12 0.00 0.00 C 34,093.96 0.00 34,093.96 0.00 0.00 D 64,769.25 0.00 64,769.25 0.00 0.00 E 34,959.67 0.00 34,959.67 0.00 0.00 F 56,250.44 0.00 56,250.44 0.00 0.00 G 36,893.98 0.00 36,893.98 0.00 0.00 H 5251,~~917~~422.3551 0.00 5251,~~917~~422.3551 0.00 0.00 J 19,437.55 0.00 19,437.55 0.00 0.00 K 19,437.55 0.00 19,437.55 0.00 0.00 L 19,433.24 0.00 19,433.24 0.00 0.00 M 11,665.12 0.00 11,665.12 0.00 0.00 N 11,660.80 0.00 11,660.80 0.00 0.00 O 11,660.80 0.00 11,660.80 0.00 0.00 P 54,425.09 0.00 54,425.09 0.00 12.25 Total 3,~~500~~395,~~302~~624.5417 0.00 3,~~500~~395,~~302~~624.5417 0.00 12.25 Certificate Interest Reconciliation (Cont.) Class ~~Additional Interest~~ Total ~~Remaining~~ Unpaid ~~Trust~~Interest ~~Fund Distribution~~ Interest Distributable ~~Expenses~~Distribution Distribution Certificate ~~Interest~~Int. A-1 ~~0.00 121~~118,~~294~~622.6753 ~~121~~118,~~294~~622.6753 0.00 A-2 ~~0.00~~ 187,916.67 187,916.67 0.00 A-3 ~~0.00~~ 199,000.00 199,000.00 0.00 A-4 ~~0.00~~ 1,405,957.95 1,405,957.95 0.00 A-1A ~~0.00 381~~380,~~652~~934.1991 ~~381~~380,~~652~~934.1991 0.00 X-1 ~~0.00 37~~32,~~615~~052.3559 4232,~~502~~052.9259 0.00 X-2 ~~0.00 652~~558,~~999~~768.7944 ~~652~~558,~~999~~768.7944 0.00 B ~~0.00~~ 86,261.12 86,261.12 0.00 C ~~0.00~~ 34,093.96 34,093.96 0.00 D ~~0.00~~ 64,769.25 64,769.25 0.00 E ~~0.00~~ 34,959.67 34,959.67 0.00 F ~~0.00~~ 56,250.44 56,250.44 0.00 G ~~0.00~~ 36,893.98 36,893.98 0.00 H ~~0.00 52~~51,~~917~~422.3551 5251,~~917~~422.3551 0.00 J ~~0.00~~ 19,437.55 19,437.55 0.00 K ~~0.00~~ 19,437.55 19,437.55 0.00 L ~~0.00~~ 19,433.24 19,433.24 0.00 M ~~0.00~~ 11,665.12 11,665.12 0.00 N ~~0.00~~ 11,660.80 11,660.80 0.00 O ~~0.00~~ 11,660.80 11,660.80 0.00 P ~~219.11~~ 54,~~205~~412.9884 54,~~205~~412.9884 1,~~058~~411.7066 Total ~~219.11~~ 3,~~500~~395,~~083~~611.4392 3,~~504~~395,~~971~~611.0092 1,~~058~~411.7066

Other Required Information Available Distribution Amount (1) 4,~~142~~077,~~904~~567.0302 Aggregate Number of Outstanding Loans 64 Aggregate Stated Principal Balance of Loans before ~~Distribution~~Distributions ~~715~~714,~~772~~551,~~362~~870.2289 Aggregate Stated Principal Balance of Loans after ~~Distribution~~Distributions ~~715~~713,~~134~~869,~~429~~915.2079 Percentage of Cut-off Date Principal Balance after Distributions 9998.1396% Aggregate Amount of Servicing Fee 4345,~~546~~647.7771 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 2,~~095~~024.6256 Aggregate Additional Trust Fund Expenses ~~219~~12.1125 Specially Serviced Loans not Delinquent Number of ~~outstanding~~Outstanding Loans 0 Aggregate Unpaid Principal Balance 0.00 Interest Reserve Account Deposits 0.00 Withdrawals 0.00 (1) The ~~available~~Available Distribution Amount includes any Prepayment Premiums.

Appraisal Reductions None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 3,442,877.63 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 3,442,877.63 Principal: Scheduled Principal 681,955.10 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 681,955.10 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 4,124,832.73 Total Funds Distributed Fees: Master Servicing Fee 45,228.92 Trustee Fee 2,024.56 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 47,253.48 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 12.25 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 12.25 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 3,395,611.92 Principal Distribution 681,955.10 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 4,077,567.02 Total Funds Distributed 4,124,832.75

Current Mortgage Loan and Property Stratification Tables ~~Aggregate Pool~~ Scheduled Balance Scheduled # of Scheduled % of WAM WAC Weighted Balance Loans Balance Agg. (2) Avg DSCR (1) Bal. Below 1,466,685 2 2,~~923~~917,~~835~~371.3720 0.41 ~~111~~109 6.4446 1.~~444935~~471481 1,466,685 to 1,999,999 5 8,~~890~~869,~~011~~534.4118 1.24 ~~106~~104 5.8661 1.~~424795~~281827 2,000,000 to 2,999,999 4 9,~~855~~838,~~700~~895.7691 1.38 ~~115~~113 5.~~8303~~8304 1.~~375752~~307427 3,000,000 to 3,999,999 7 24,~~942~~892,~~163~~725.0417 3.49 ~~106~~104 5.7934 1.~~403038~~548912 4,000,000 to 5,999,999 12 60,~~237~~109,~~831~~160.7654 8.42 ~~100~~98 5.~~6529~~6530 1.~~311260~~253073 6,000,000 to 7,999,999 3 20,~~275~~246,~~647~~976.7215 2.84 9593 5.~~5479~~5476 1.~~362578~~362489 8,000,000 to 9,999,999 6 52,~~412~~292,~~489~~261.1511 7.33 ~~104~~102 5.~~8421~~8420 1.~~491952~~567290 10,000,000 to 14,999,999 8 ~~102~~101,~~026~~797,~~388~~206.8061 14.2726 ~~123~~121 6.~~0062~~0060 1.~~354588~~349227 15,000,000 to 29,999,999 10 176,~~397~~162,~~896~~137.7309 24.6768 ~~107~~105 5.7699 1.~~338697~~377558 30,000,000 to 49,956,233 7 ~~257~~256,~~172~~743,~~464~~647.4683 35.9697 ~~110~~108 5.~~7053~~7050 1.~~511332~~376964 49,956,234 orand Above 0 0.00 0.00 0 0.0000 0.000000 Totals 64 ~~715~~713,~~134~~869,~~429~~915.2079 100.00 ~~109~~107 5.~~7751~~7750 1.~~416904~~380496

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. ~~Alabama~~Arizona 10 30,~~297~~243,~~934~~059.2970 4.24 7573 5.~~4504~~4505 1.~~327502~~310034 Arkansas 1 47,802.72 0.01 ~~112~~110 5.4891 1.916800 California 56 84,~~849~~730,~~574~~157.4822 11.8687 ~~105~~103 5.7287 1.~~336186~~329890 Connecticut 2 9,~~599~~576,~~633~~049.0854 1.34 ~~113~~111 6.8520 1.~~700479~~745684 Delaware 1 4,~~778~~770,~~978~~254.2729 0.67 ~~115~~113 6.1400 10.~~301651~~587800 Florida 32 34,~~572~~525,~~890~~288.3896 4.8384 ~~106~~104 5.~~7477~~7476 1.~~510318~~615734 Georgia 6 406,323.12 0.06 ~~112~~110 5.4891 1.916800 Idaho 1 69,439.74 0.01 ~~112~~110 5.4891 1.916800 Illinois 4 26,~~288~~223,~~658~~976.7183 3.6867 ~~166~~164 6.~~3991~~3986 1.~~471062~~471281 Kansas 2 119,506.80 0.02 ~~112~~110 5.4891 1.916800 Maryland 4 3635,~~064~~985,~~250~~525.3327 5.04 8280 5.2634 10.~~353682~~992644 Michigan 5 32,~~783~~757,~~123~~448.6728 4.5859 ~~115~~113 5.~~6941~~6940 1.~~397398~~409426 Minnesota 1 4,~~026~~018,~~510~~751.0146 0.56 ~~114~~112 5.9300 1.~~280000~~287700 Missouri 14 17,763,082.37 2.4849 ~~115~~113 5.7388 1.288215 Nebraska 1 13,~~137~~104,~~179~~479.6987 1.84 ~~113~~111 6.7900 1.680000 Nevada 4 18,~~888~~881,~~523~~307.8009 2.64 ~~113~~111 5.8706 1.~~255614~~255570 New Jersey 6 86,~~759~~582,~~858~~977.1804 12.13 ~~115~~113 5.6363 1.~~326799~~326797 New Mexico 2 231,465.80 0.03 ~~112~~110 5.4891 1.916800 New York 3 40,~~379~~292,~~540~~894.9169 5.6564 ~~116~~114 5.3733 1.~~438510~~525552 North Carolina 3 9,~~697~~680,~~745~~878.7625 1.36 9694 5.~~3408~~3409 1.~~437049~~404670 Ohio 4 60,~~401~~268,~~239~~034.7033 8.4544 ~~107~~105 5.~~9400~~9398 1.~~302337~~037798 Oklahoma 2 114,474.94 0.02 ~~112~~110 5.4891 1.916800 Oregon 2 17,~~283~~248,~~029~~193.9274 2.42 ~~113~~111 5.7407 1.~~384288~~384286 Pennsylvania 6 ~~112~~111,~~264~~999,~~429~~520.3320 15.7069 ~~110~~108 6.~~0694~~0693 1.~~447935~~450541 South Carolina 1 76,987.54 0.01 ~~112~~110 5.4891 1.916800 Tennessee 1 75,477.98 0.01 ~~112~~110 5.4891 1.916800 Texas 16 5,~~229~~216,~~153~~896.1432 0.73 ~~114~~112 5.~~6938~~6937 1.~~600396~~486009 Virginia 12 65,~~287~~219,~~059~~107.9915 9.1314 ~~106~~104 5.~~5319~~5315 1.~~653996~~654270 Washington 15 3,640,554.54 0.51 ~~112~~110 5.4891 1.916800 Totals 217 ~~715~~713,~~134~~869,~~429~~915.2079 100.00 ~~109~~107 5.~~7751~~7750 1.~~416904~~380496

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. Below 1.20 18 492,~~406~~630,~~848~~841.1844 012.6298 ~~116~~98 5.~~5000~~7152 10.~~135700~~940326 1.20 to 1.29 1819 ~~163~~204,~~572~~927,~~638~~324.2477 2228.8771 99100 5.~~7378~~8651 1.~~250967~~255273 1.30 to 1.39 2317 ~~311~~210,~~522~~072,~~087~~723.4517 4329.5643 ~~107~~111 5.~~6136~~5862 1.~~343468~~349447 1.40 to 1.49 1210 ~~104~~74,~~800~~791,~~643~~074.6141 1410.6548 ~~128~~122 6.~~4625~~3034 1.~~450477~~445544 1.50 to 1.59 31 277,~~009~~929,~~028~~452.5284 31.7811 ~~107~~111 5.~~6172~~8100 1.~~547868~~560000 1.60 to 1.69 1 13,~~137~~104,~~179~~479.6987 1.84 ~~113~~111 6.7900 1.680000 1.70 to 1.79 43 1912,~~559~~133,~~475~~611.0343 21.7470 ~~110~~112 6.~~0916~~6445 1.~~748779~~767422 1.80 to 1.89 1 35,000,000.00 4.8990 ~~115~~113 5.2240 1.879647 1.90 to 1.92 1 36,126,528.48 5.0506 ~~112~~110 5.4891 1.916800 1.93 or Above 03 027,153,879.0038 03.0080 0105 05.~~0000~~5048 02.~~000000~~161401 Totals 64 ~~715~~713,~~134~~869,~~429~~915.2079 100.00 ~~109~~107 5.~~7751~~7750 1.~~416904~~380496

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 3 38,~~252~~151,~~499~~378.9995 5.3534 ~~113~~111 6.~~1236~~1235 10.~~322249~~931582 Lodging 4 50,~~655~~525,~~381~~983.1013 7.08 ~~111~~109 6.7382 1.~~578407~~586982 Mixed Use 38 5,~~359~~353,~~795~~234.7466 0.75 ~~114~~112 5.~~8212~~8210 1.~~580851~~581073 Mobile Home Park 3 35,~~306~~229,~~594~~379.0719 4.9493 5553 5.3175 1.~~296190~~441290 Multi-Family 10 86,~~701~~529,~~908~~584.3002 12.12 9492 5.4490 1.~~323186~~148209 Office 130 241,~~774~~426,~~889~~303.2481 33.8182 ~~110~~108 5.6653 1.~~429118~~470777 Other 2 6,~~182~~162,~~154~~511.9127 0.86 5654 5.3502 1.~~428015~~276048 Retail 24 246,~~731~~333,~~008~~600.7649 34.5051 ~~121~~119 5.~~8212~~8210 1.~~431075~~390414 Self Storage 3 4,~~170~~157,~~197~~940.0927 0.58 ~~115~~113 5.7458 1.~~520051~~376294 Totals 217 ~~715~~713,~~134~~869,~~429~~915.2079 100.00 ~~109~~107 5.~~7751~~7750 1.~~416904~~380496

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 5.01% or ~~less~~Less 0 0.00 0.00 0 0.0000 0.000000 5.0200% to 5.2499% 7 123,~~666~~481,~~615~~802.5657 17.2930 9189 5.1848 1.~~486418~~392413 5.2500% to 5.4999% 11 ~~112~~111,~~154~~985,~~591~~424.9789 15.6869 9896 5.4323 1.~~561731~~617366 5.5000% to 5.7499% 8 95,~~599~~440,~~119~~630.0195 13.37 ~~115~~113 5.5988 1.~~382827~~459245 5.7500% to 5.9999% 20 194,~~372~~087,~~353~~693.0003 27.1819 ~~112~~110 5.8171 1.~~306979~~285916 6.0000% to 6.4999% 12 ~~123~~122,~~195~~904,~~075~~285.7632 17.2322 ~~113~~111 6.1866 1.~~349599~~152297 6.5000% to 7.1600% 6 6665,~~146~~970,~~673~~079.9003 9.2524 ~~137~~135 6.8255 1.~~538992~~545576 7.1700% or ~~greater~~Greater 0 0.00 0.00 0 0.0000 0.000000 Totals 64 ~~715~~713,~~134~~869,~~429~~915.2079 100.00 ~~109~~107 5.~~7751~~7750 1.~~416904~~380496

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less 6360 ~~709~~673,~~747~~864,~~368~~108.9137 9994.2540 ~~110~~108 5.~~7753~~7366 1.~~418398~~376634 13 to 24 months 14 540,~~387~~005,~~060~~807.2942 05.7560 4398 56.~~7500~~4220 1.~~220000~~445554 25 to 36 months 0 0.00 0.00 0 0.0000 0.000000 37 to 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 64 ~~715~~713,~~134~~869,~~429~~915.2079 100.00 ~~109~~107 5.~~7751~~7750 1.~~416904~~380496

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. 46 ~~months~~Months or ~~less~~Less 1 5,~~387~~375,~~060~~561.2971 0.75 4341 5.7500 1.~~200000~~220000 47 to 51 ~~months~~Months 02 010,758,237.0079 01.0051 051 05.~~0000~~1979 01.~~000000~~257885 52 to 80 ~~months~~Months 97 9483,~~912~~951,~~509~~331.3587 1311.2776 65 5.~~2325~~2369 1.~~320398~~221890 81 to 100 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 101 to 120 ~~months~~Months 53 ~~600~~599,~~802~~796,~~764~~081.7129 84.0102 ~~114~~112 5.~~8288~~8285 1.~~434243~~405812 121 to 180 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 181 to 237 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 238 ~~months~~Months or ~~greater~~Greater 0 0.00 0.00 0 0.0000 0.000000 Totals 63 ~~701~~699,~~102~~881,~~334~~212.3566 98.04 ~~107~~105 5.~~7474~~7473 1.~~417185~~380050

Remaining Stated Term (Fully Amortizing Loans) Remaining Stated # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 46 ~~months~~Months or ~~less~~Less 0 0.00 0.00 0 0.0000 0.000000 47 to 51 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 52 to 80 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 81 to 100 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 101 to 120 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 121 to 180 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 181 to 237 ~~months~~Months 1 1413,~~032~~988,~~094~~703.8513 1.96 ~~233~~231 7.1600 1.402843 238 ~~months~~Months or ~~greater~~Greater 0 0.00 0.00 0 0.0000 0.000000 Totals 1 1413,~~032~~988,~~094~~703.8513 1.96 ~~233~~231 7.1600 1.402843

Remaining Amortization Term (ARD and Balloon Loans) Remaining Amortization # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 46 ~~months~~Months or ~~less~~Less 0 0.00 0.00 0 0.0000 0.000000 47 to 51 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 52 to 80 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 81 to 100 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 101 to 120 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 121 to 180 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 181 to 237 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 238 to 280 ~~months~~Months 0 0.00 0.00 0 0.0000 0.000000 281 to 320 ~~months~~Months 12 ~~147~~146,~~282~~929,~~739~~848.8876 20.6058 ~~110~~108 6.~~3330~~3328 1.~~449840~~295515 321 to 340 ~~months~~Months 23 5561,~~626~~002,~~528~~090.4819 78.7855 ~~113~~105 5.~~4999~~5220 1.~~714602~~671017 341 to 360 ~~months~~Months 4948 ~~498~~491,~~193~~949,~~065~~273.9971 6968.6691 ~~105~~104 5.~~6020~~6003 1.~~374323~~369217 361 ~~months~~Months or ~~greater~~Greater 0 0.00 0.00 0 0.0000 0.000000 Totals 63 ~~701~~699,~~102~~881,~~334~~212.3566 98.04 ~~107~~105 5.~~7474~~7473 1.~~417185~~380050

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 6242 ~~705~~498,~~387~~020,~~098~~916.4167 9869.6476 ~~109~~110 5.~~7773~~7497 1.~~418496~~424442 1 year or less 222 9215,~~747~~848,~~330~~999.7912 130.3624 ~~112~~101 5.~~6205~~8332 1.~~301656~~279101 1 to 2 years 0 0.00 0.00 0 0.0000 0.000000 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 64 ~~715~~713,~~134~~869,~~429~~915.2079 100.00 ~~109~~107 5.~~7751~~7750 1.~~416904~~380496 (1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the ~~servicer~~Servicer, information from the offering document is used. The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. (2) Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date Balance of ~~the~~each ~~related~~property ~~mortgage loan~~ as disclosed in the offering document. ~~Note: (i) "Scheduled Balance" has the meaning assigned thereto in the CMSA Standard Information Packag~~

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type (1) City State Payment Payment Coupon 11041837 1 OF Newark NJ ~~248~~239,~~331~~888.82 44 53,~~726~~169.3775 5.790% 991089450 2 OF Ft. Washington PA 7572,~~405~~834.0788 1417,~~725~~295.3352 5.600% 991089451 3 OF Ft. Washington PA ~~159~~154,~~935~~484.6018 3136,~~232~~684.7012 5.600% 991088341 4 Various Various Various ~~171~~165,~~016~~252.1307 ~~54,037~~0.0200 5.489% 991089455 5 RT Richland Township PA ~~204~~197,~~739~~648.1444 4552,~~456~~547.3404 6.400% 991089307 6 RT McLean VA 152,366.67 0.00 5.224% 991089448 7 MF Lanham MD ~~152~~147,~~555~~330.3490 3439,~~730~~955.8933 5.228% 991089445 8 IN Columbus OH ~~170~~164,~~699~~764.0518 4147,~~688~~623.9885 6.150% 991089447 9 RT New York NY ~~104~~101,~~730~~145.8815 2327,~~775~~360.1588 5.220% 11044050 10 MH Peoria AZ 9390,~~644~~446.4459 1922,~~411~~609.9479 5.460% 11041844 11 LO Wayne PA ~~113~~109,~~659~~732.8632 2327,~~140~~068.6417 6.750% 11042429 12 OF Farmington Hills MI 90,945.84 0.00 5.520% 11043883 13 RT Overland MO 82,589.70 0.00 5.750% 991089446 14 OF Columbus OH 8178,~~433~~667.6879 1316,~~980~~746.6956 5.950% 991089458 15 OF Various CA 7674,~~845~~366.5667 0.00 5.750% 11042650 16 OF Boca Raton FL 7876,~~713~~041.4942 1315,~~214~~886.5864 6.020% 11043068 17 RT Henderson NV 74,369.10 0.00 5.860% 991089464 18 RT Randolph NJ 6865,~~205~~875.7939 1416,~~382~~712.1756 5.420% 991089454 19 RT Lombard IL 8683,~~652~~616.8884 2225,~~256~~292.1216 7.160% 11043356 20 RT Newbury Park CA 6866,~~783~~450.0015 1113,~~299~~632.5742 6.040% 11042612 21 LO Omaha NE 7674,~~899~~249.9528 1417,~~980~~631.7945 6.790% 991089460 22 MF Los Angeles CA 6159,~~305~~221.6792 1012,~~822~~906.9671 5.870% 11042829 23 MH San Jose CA 5250,~~612~~805.2996 1214,~~813~~619.1549 5.100% 11043262 24 RT Seaside OR 5957,~~185~~172.8849 1012,~~842~~856.8525 5.750% 11043916 25 OF Los Angeles CA 5452,~~598~~741.9862 1011,~~002~~859.5490 5.750% 11041662 26 LO Vienna VA 5553,~~351~~432.7827 1214,~~293~~213.9948 6.520% 11042864 27 MF Poughkeepsie NY 4442,~~156~~653.6897 89,~~193~~696.4819 5.720% 991089461 28 RT Blairstown NJ 4039,~~695~~305.7427 89,~~581~~971.2774 5.420% 991089453 29 OF Newport News VA 3735,~~262~~982.4160 910,~~278~~558.4526 5.020% 11042803 30 OF New York NY 3836,~~133~~829.0477 89,~~066~~369.1543 5.430% 11043647 31 LO Stonington CT 4846,~~351~~687.2351 910,~~030~~694.5325 6.890% 11043452 32 RT Mount Clemens MI 3938,~~786~~433.5820 78,~~204~~558.6200 5.810% 11043422 33 MF Batavia OH 3029,~~462~~424.9656 56,~~902~~941.8929 5.650% 11043618 34 MF Brunswick OH 26,213.21 0.00 5.100% 11041805 35 RT Vista CA 3029,~~676~~637.5107 45,~~924~~964.8932 6.060% 991089465 36 MF Casa Grande AZ 2625,~~107~~213.4435 56,~~920~~814.3746 5.250% 991089462 37 RT North Wildwood NJ 2524,~~692~~814.7993 56,~~417~~295.6854 5.420% 11043788 38 RT Kissimmee FL 2726,~~488~~553.2980 45,~~929~~864.8231 5.800% 11040026 39 OF Ivyland PA 2625,~~699~~787.57 56,~~280~~192.2322 5.750% 991089457 40 MF Oregon City OR 2625,~~329~~431.8797 5,~~080~~978.2313 5.720% 991089449 41 MF Kinston NC 2120,~~227~~497.3695 56,~~304~~034.6708 5.040% 991089459 42 RT Wilmington DE 2524,~~288~~432.2726 34,~~923~~779.6162 6.140% 11043699 43 OT Franklin Park IL 2120,~~575~~816.8874 7,~~098~~858.9409 5.325% 11043896 44 OF Franklin Township NJ 20,~~891~~178.3756 4,~~233~~946.2910 5.500% 11040405 45 IN Virginia Beach VA 20,~~956~~244.2789 34,~~546~~257.2766 5.970% 11042632 46 RT Inver Grove Heights MN 2019,~~578~~880.9118 34,~~520~~219.9165 5.930% 11042836 47 RT Oak Hall VA 2019,~~601~~903.3889 3,~~216~~914.9544 6.125% 991089463 48 RT Paterson NJ 17,~~661~~058.4702 34,~~724~~327.1762 5.420% 11042405 49 OF Las Vegas NV 1918,~~037~~391.9737 3,~~276~~923.6829 5.930% 11038533 50 MU Davis CA 1817,~~016~~405.8793 23,~~967~~578.3934 6.000% 11044049 51 MH Arcadia FL 15,~~574~~041.4407 34,~~531~~065.8218 5.250% 11041565 52 RT Mathews VA 1716,~~290~~703.4124 23,~~963~~550.3651 5.940% 11043511 53 RT Rockford IL 1615,~~359~~804.8701 23,~~865~~420.1197 5.875% 11043655 54 RT Littleton NC 13,~~846~~375.6077 2,~~511~~982.2306 5.760% 11044038 55 RT Phoenix AZ 12,026.84 0.00 5.810% 11044012 56 SS Round Rock TX 1110,~~381~~982.4975 3,~~414~~812.0074 5.540% 11042888 57 RT Troy MI 1211,~~034~~626.0989 12,~~819~~226.5575 6.250% 991089452 58 MF Baltimore MD 109,~~019~~679.4803 12,~~766~~107.5702 5.840% 11042957 59 IN Placentia CA 109,~~300~~950.3496 12,~~703~~052.5391 6.010% 991042932 60 SS Various TX 98,~~280~~957.0516 2,~~339~~662.3928 6.020% 11041544 61 OF Chelsea MI 8,~~405~~119.1677 1,~~434~~719.4484 5.950% 11042897 62 OT Philadelphia PA 6,~~948~~704.8877 2,~~199~~443.8394 5.430% 11042887 63 RT Troy MI 7,~~889~~622.0207 1,~~192~~459.8276 6.250% 991089456 64 MF Hartford CT 8,~~353~~064.3947 12,~~753~~042.1104 6.640% Totals 3,~~549~~442,~~179~~877.7263 ~~637~~681,~~933~~955.0210

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 11041837 N/A 03/01/2014 N 49,~~807~~717,~~486~~810.1946 49,~~762~~664,~~759~~640.8271 0709/01/2004 991089450 N/A 03/01/2014 N 15,~~636~~607,~~996~~475.7104 15,~~622~~590,~~271~~179.3852 0710/01/2004 991089451 N/A 03/01/2014 N 33,~~166~~103,~~368~~752.8180 33,~~135~~067,~~136~~068.1168 0710/01/2004 991088341 N/A 12/01/2013 N 36,~~180~~126,~~565~~528.5048 36,126,528.48 0710/01/2004 991089455 N/A 02/01/2014 N 37,~~150~~059,~~246~~083.5333 37,~~104~~006,~~790~~536.1929 0810/01/2004 991089307 N/A 03/01/2014 N 35,000,000.00 35,000,000.00 0710/01/2004 991089448 N/A 04/01/2011 N 33,~~886~~817,~~962~~343.1197 33,~~852~~777,~~231~~388.2264 0710/01/2004 991089445 N/A 01/01/2014 N 32,~~232~~149,~~707~~108.6288 32,~~191~~101,~~018~~485.6403 0709/01/2004 991089447 N/A 05/01/2014 N 23,~~299~~251,~~416~~759.2609 23,~~275~~224,~~641~~398.1121 0710/01/2004 11044050 N/A 03/01/2009 N 19,~~917~~878,~~286~~371.3015 19,~~897~~855,~~874~~761.36 0709/01/2004 11041844 N/A 09/01/2013 N 19,~~554~~507,~~384~~968.4769 19,~~531~~480,~~243~~900.8352 0810/01/2004 11042429 N/A 04/01/2014 N 19,500,000.00 19,500,000.00 0709/01/2004 11043883 N/A 03/01/2014 N 17,000,000.00 17,000,000.00 0709/01/2004 991089446 N/A 12/01/2013 N 15,~~893~~865,~~805~~772.5455 15,~~879~~849,~~824~~025.8599 0709/01/2004 991089458 N/A 11/01/2013 N 15,520,000.00 15,520,000.00 0810/01/2004 11042650 N/A 11/01/2013 N 15,~~184~~157,~~255~~758.7813 15,~~171~~141,~~041~~871.2049 0810/01/2004 11043068 N/A 01/01/2014 N 15,000,000.00 15,000,000.00 0709/01/2004 991089464 N/A 03/01/2014 N 14,~~613~~584,~~787~~956.5712 14,~~599~~568,~~405~~243.4056 0810/01/2004 991089454 N/A 01/01/2024 N 14,~~054~~013,~~350~~995.9729 1413,~~032~~988,~~094~~703.8513 0709/01/2004 11043356 N/A 01/01/2014 N 13,~~224~~202,~~674~~016.1726 13,~~213~~188,~~374~~383.6084 0810/01/2004 11042612 N/A 01/01/2014 N 13,~~152~~122,~~160~~111.4832 13,~~137~~104,~~179~~479.6987 0809/01/2004 991089460 N/A 01/08/2014 N 12,~~128~~106,~~395~~695.9735 12,~~117~~093,~~573~~788.0164 0709/08/2004 11042829 N/A 02/01/2009 N 11,~~980~~954,~~027~~344.2365 11,~~967~~939,~~214~~725.0816 0709/01/2004 11043262 N/A 03/01/2014 N 11,~~953~~931,~~390~~650.1677 11,~~942~~918,~~547~~794.3152 0810/01/2004 11043916 N/A 03/01/2014 N 11,~~027~~006,~~002~~947.4079 1110,~~016~~995,~~999~~087.8689 0709/01/2004 11041662 N/A 08/01/2013 N 9,~~858~~834,~~816~~159.4445 9,~~846~~819,~~522~~945.4597 0709/01/2004 11042864 N/A 03/01/2014 N 8,~~964~~948,~~812~~385.7948 8,~~956~~938,~~619~~689.3129 0709/01/2004 991089461 N/A 03/01/2014 N 8,~~719~~702,~~476~~274.9233 8,~~710~~692,~~895~~302.6559 0810/01/2004 991089453 N/A 04/01/2009 N 8,~~620~~601,~~014~~417.5756 8,~~610~~590,~~736~~859.1230 0709/01/2004 11042803 N/A 02/01/2014 N 8,~~155~~139,~~346~~176.6462 8,~~147~~129,~~280~~807.4919 0810/01/2004 11043647 N/A 02/01/2014 N 8,~~149~~131,~~465~~351.6602 8,~~140~~120,~~435~~656.1377 0709/01/2004 11043452 N/A 01/01/2014 N 7,~~952~~938,~~456~~010.1384 7,~~945~~929,~~251~~452.5184 0809/01/2004 11043422 N/A 01/01/2014 N 6,~~261~~249,~~299~~464.1060 6,~~255~~242,~~396~~523.2131 0709/01/2004 11043618 N/A 01/01/2009 N 6,075,000.00 6,075,000.00 0709/01/2004 11041805 N/A 03/01/2014 N 5,~~878~~868,~~602~~727.5912 5,~~873~~862,~~677~~762.7080 0809/01/2004 991089465 N/A 03/01/2014 N 5,~~774~~763,~~918~~050.2979 5,~~768~~756,~~997~~236.9233 0709/01/2004 991089462 N/A 03/01/2014 N 5,~~504~~494,~~941~~080.5893 5,~~499~~487,~~523~~785.9039 0810/01/2004 11043788 N/A 03/01/2014 N 5,~~503~~493,~~773~~889.8357 5,~~498~~488,~~844~~025.0126 0810/01/2004 11040026 N/A 03/01/2008 N 5,~~392~~381,~~340~~753.5293 5,~~387~~375,~~060~~561.2971 0710/01/2004 991089457 N/A 09/01/2013 N 5,~~345~~335,~~562~~377.8435 5,~~340~~329,~~482~~399.6122 0709/01/2004 991089449 N/A 02/01/2011 N 4,~~891~~880,~~097~~465.7034 4,~~885~~874,~~793~~431.0326 0709/01/2004 991089459 N/A 03/01/2014 N 4,~~782~~775,~~901~~033.8891 4,~~778~~770,~~978~~254.2729 0810/01/2004 11043699 N/A 01/01/2009 N 4,~~705~~691,~~326~~095.3288 4,~~698~~683,~~227~~237.3879 0710/01/2004 11043896 N/A 04/01/2014 N 4,~~411~~402,~~081~~594.4784 4,~~406~~397,~~848~~648.1874 0810/01/2004 11040405 N/A 01/01/2014 N 4,~~076~~069,~~434~~323.7395 4,~~072~~065,~~888~~066.4629 0709/01/2004 11042632 N/A 02/01/2014 N 4,~~030~~022,~~030~~971.9211 4,~~026~~018,~~510~~751.0146 0709/01/2004 11042836 N/A 03/01/2014 N 3,~~905~~899,~~989~~538.3043 3,~~902~~895,~~772~~623.3599 0709/01/2004 991089463 N/A 03/01/2014 N 3,~~784~~776,~~149~~683.4067 3,~~780~~772,~~425~~356.2305 0811/01/2004 11042405 N/A 01/01/2014 N 3,~~728~~721,~~264~~694.8676 3,~~724~~717,~~988~~771.1847 0709/01/2004 11038533 N/A 03/01/2014 N 3,~~487~~481,~~135~~185.3421 3,~~484~~477,~~167~~606.9587 0810/01/2004 11044049 N/A 03/01/2009 N 3,~~445~~437,~~037~~957.4585 3,~~441~~433,~~505~~892.6367 0709/01/2004 11041565 N/A 01/01/2014 N 3,~~380~~374,~~334~~392.7387 3,~~377~~370,~~371~~842.3736 0709/01/2004 11043511 N/A 02/01/2014 N 3,~~233~~228,~~797~~052.4473 3,~~230~~224,~~932~~631.3376 0810/01/2004 11043655 N/A 04/01/2014 N 2,~~791~~786,~~654~~619.1120 2,~~789~~783,~~142~~637.8814 0709/01/2004 11044038 N/A 04/01/2014 N 2,450,000.00 2,450,000.00 0709/01/2004 11044012 N/A 03/01/2014 N 2,~~385~~378,~~779~~934.2193 2,~~382~~375,~~365~~122.2119 0810/01/2004 11042888 N/A 12/01/2013 N 2,~~236~~232,~~012~~363.2233 2,~~234~~230,~~192~~136.6758 0709/01/2004 991089452 N/A 03/01/2014 N 1,~~992~~988,~~383~~841.6158 1,~~990~~986,~~617~~734.0456 0709/01/2004 11042957 N/A 02/01/2014 N 1,~~990~~986,~~296~~880.4254 1,~~988~~984,~~592~~827.8963 0709/01/2004 991042932 N/A 03/01/2014 N 1,~~790~~785,~~171~~480.2736 1,~~787~~782,~~831~~818.88 08 10/01/2004 11041544 N/A 01/01/2014 N 1,~~640~~637,~~476~~600.5127 1,~~639~~635,~~042~~880.0743 0709/01/2004 11042897 N/A 01/01/2010 N 1,~~486~~481,~~127~~717.3642 1,~~483~~479,~~927~~273.5348 0809/01/2004 11042887 N/A 12/01/2013 N 1,~~465~~463,~~830~~438.2419 1,~~464~~461,~~637~~978.4243 0709/01/2004 991089456 N/A 10/01/2013 N 1,~~460~~457,~~951~~434.0681 1,~~459~~455,~~197~~392.9577 0809/01/2004 Totals ~~715~~714,~~772~~551,~~362~~870.2289 ~~715~~713,~~134~~869,~~429~~915.2079

Principal Prepayment Detail No Principal Prepayments this Period

~~Principal~~Historical ~~Prepayment~~ Detail ~~Loan~~Delinquencies ~~Number~~Distribution ~~Offering~~30-59 ~~Principal~~Days ~~Prepayment~~60-89 ~~Amount~~Days ~~Prepayment~~90 ~~Penalties~~Days ~~Document~~or ~~Payoff~~More ~~Curtailment~~Date ~~Prepayment~~# ~~Yield~~Balance ~~Maintenance~~# ~~Cross-Reference~~Balance ~~Amount~~# ~~Amount~~Balance ~~Premium~~10/12/2004 ~~Premium~~0 ~~991088341~~$0.00 40 $0.00 ~~54,037~~0 $0.0200 09/10/2004 0 $0.00 ~~4,887~~0 $0.5700 ~~Totals~~0 $0.00 5408/10/2004 0 $0.00 0 $0.00 0 $0.00 07/12/2004 0 $0.00 0 $0.00 0 $0.00 06/10/2004 1 $49,~~037~~859,970.02 0 $0.00 ~~4,887~~0 $0.5700 05/10/2004 0 $0.00 0 $0.00 0 $0.00

~~Historical Detail Delinquencies~~ Distribution ~~30-59~~Foreclosure ~~Days~~REO ~~60-89~~Modifications ~~Days 90 Days or More~~ Date # Balance # Balance # Balance 10/12/2004 0 $0.00 0 $0.00 0 $0.00 09/10/2004 0 $0.00 0 $0.00 0 $0.00 08/10/2004 0 $0.00 0 $0.00 0 $0.00 07/12/2004 0 $0.00 0 $0.00 0 $0.00 06/10/2004 10 $~~49,859,970~~0.0200 0 $0.00 0 $0.00 05/10/2004 0 $0.00 0 $0.00 0 $0.00

Prepayments Rate and Maturities Distribution ~~Foreclosure~~Curtailments ~~REO~~Payoff ~~Modifications~~Next Weighted Avg. WAM Date # ~~Balance~~Amount # ~~Balance~~Amount #Coupon ~~Balance~~Remit ~~08/~~10/12/2004 0 $0.00 0 $0.00 05.774969% $05.00695612% 07107 09/1210/2004 0 $0.00 0 $0.00 05.775069% $05.00695713% 06108 08/10/2004 01 $054,037.0002 0 $0.00 5.775147% 5.695790% 109 07/12/2004 1 $3,487,843.72 0 $0.00 055.775210% 5.695858% 110 06/10/2004 01 $0.00 0 $0.00 5.773922% 5.694792% 111 05/10/2004 1 $253,437.78 0 $0.00 5.774006% 5.694876% 112 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

~~Prepayments~~Delinquency ~~Rate~~Loan ~~and~~Detail ~~Maturities~~Offering ~~Distribution~~# ~~Curtailments~~of ~~Payoff~~Paid ~~Next~~Through ~~Weighted~~Current ~~Avg.~~Outstanding ~~WAM~~Status of Loan Number Document Months Date #P ~~Amount~~& #I ~~Amount~~P ~~Coupon~~& ~~Remit~~I 08Mortgage Cross- Delinq. Advances Advances ** Loan (1) Reference 11041837 1 0 09/01/2004 0.00 0.00 A 991089445 8 0 09/01/2004 0.00 0.00 A 11044050 10 0 09/01/2004 10.00 ~~$54,037~~0.0200 A 11042429 12 0 $09/01/2004 0.00 50.~~775147%~~00 5A 11043883 13 0 09/01/2004 0.~~695790%~~00 ~~109~~0.00 07A 991089446 14 0 09/1201/2004 10.00 ~~$3,487,843~~0.7200 A 11043068 17 0 $09/01/2004 0.00 50.~~775210%~~00 5A 991089454 19 0 09/01/2004 0.~~695858%~~00 ~~110~~0.00 06A 11042612 21 0 09/1001/2004 10.00 $0.00 A 11042829 23 0 $09/01/2004 0.00 50.~~773922%~~00 5A 11043916 25 0 09/01/2004 0.~~694792%~~00 ~~111~~0.00 05A 11041662 26 0 09/1001/2004 10.00 ~~$253,437~~0.7800 A 11042864 27 0 $09/01/2004 0.00 50.~~774006%~~00 5A 991089453 29 0 09/01/2004 0.~~694876%~~00 ~~112~~0.00 ~~Note:~~A ~~Foreclosure~~11043647 ~~and~~31 ~~REO~~0 ~~Totals~~09/01/2004 ~~are~~0.00 ~~excluded~~0.00 ~~from~~A ~~the~~11043452 ~~delinquencies~~32 ~~aging~~0 ~~categories~~09/01/2004 0.00 0.00 A 11043422 33 0 09/01/2004 0.00 0.00 A 11043618 34 0 09/01/2004 0.00 0.00 A 11041805 35 0 09/01/2004 0.00 0.00 A 991089465 36 0 09/01/2004 0.00 0.00 A 991089457 40 0 09/01/2004 0.00 0.00 A 991089449 41 0 09/01/2004 0.00 0.00 A 11040405 45 0 09/01/2004 0.00 0.00 A 11042632 46 0 09/01/2004 0.00 0.00 A 11042836 47 0 09/01/2004 0.00 0.00 A 11042405 49 0 09/01/2004 0.00 0.00 A 11044049 51 0 09/01/2004 0.00 0.00 A 11041565 52 0 09/01/2004 0.00 0.00 A 11043655 54 0 09/01/2004 0.00 0.00 A 11044038 55 0 09/01/2004 0.00 0.00 A 11042888 57 0 09/01/2004 0.00 0.00 A 991089452 58 0 09/01/2004 0.00 0.00 A 11042957 59 0 09/01/2004 0.00 0.00 A 11041544 61 0 09/01/2004 0.00 0.00 A 11042897 62 0 09/01/2004 0.00 0.00 A 11042887 63 0 09/01/2004 0.00 0.00 A 991089456 64 0 09/01/2004 0.00 0.00 A Totals 37 0.00 0.00

~~Delinquency~~Resolution ~~Loan~~Servicing ~~Detail~~Actual ~~Offering~~Outstanding #Loan ofStrategy ~~Paid~~Transfer ~~Through~~Foreclosure ~~Current~~Principal ~~Outstanding~~Servicing ~~Status~~Bankruptcy ofREO ~~Loan~~ Number ~~Document~~Code ~~Months~~(2) Date PDate &Balance ~~I P & I Mortgage Cross- Delinq.~~ Advances ~~Advances~~Date **Date ~~Loan (1) Reference~~ 11041837 ~~1 0 07/01/2004 0~~49,717,810.0046 0.00 ~~A 991089450 2 0 07/01/2004 0.00 0.00 A 991089451 3 0 07/01/2004 0.00 0.00 A 991088341 4 0 07/01/2004 0.00 0.00 A 991089307 6 0 07/01/2004 0.00 0.00 A 991089448 7 0 07/01/2004 0.00 0.00 A~~ 991089445 ~~8 0 07/01/2004 0~~32,149,108.0088 0.00 ~~A 991089447 9 0 07/01/2004 0.00 0.00 A~~ 11044050 ~~10 0 07/01/2004 0~~19,878,371.0015 0.00 A 11042429 ~~12 0 07/01/2004 0~~19,500,000.00 0.00 A 11043883 ~~13 0 07/01/2004 0~~17,000,000.00 0.00 A 991089446 ~~14 0 07/01/2004 0~~15,865,772.0055 0.00 A 11043068 ~~17 0 07/01/2004 0~~15,000,000.00 0.00 A 991089454 1914,013,995.29 0.00 ~~07/01/2004~~11042612 013,122,111.0032 0.00 A 11042829 ~~23 0 07/01/2004 0~~11,954,344.0065 0.00 A 11043916 ~~25 0 07/01/2004 0~~11,006,947.0079 0.00 A 11041662 ~~26 0 07/01/2004 0~~9,834,159.0045 0.00 A 11042864 ~~27 0 07/01/2004 0~~8,948,385.0048 0.00 A 991089453 ~~29 0 07/01/2004 0~~8,601,417.0056 0.00 A 11043647 318,131,351.02 0.00 ~~07/01/2004~~11043452 07,938,010.0084 0.00 A 11043422 ~~33 0 07/01/2004 0~~6,249,464.0060 0.00 A 11043618 ~~34 0 07/01/2004 0~~6,075,000.00 0.00 A11041805 ~~991089465 36 0 07/01/2004 0~~5,868,727.0012 0.00 A991089465 ~~11040026 39 0 07/01/2004 0~~5,763,050.0079 0.00 A 991089457 ~~40 0 07/01/2004 0~~5,335,377.0035 0.00 A 991089449 ~~41 0 07/01/2004 0~~4,880,465.0034 0.00 ~~A 11043699 43 0 07/01/2004 0.00 0.00 A~~ 11040405 ~~45 0 07/01/2004 0~~4,069,323.0095 0.00 A 11042632 ~~46 0 07/01/2004 0~~4,022,971.0011 0.00 A 11042836 ~~47 0 07/01/2004 0~~3,899,538.0043 0.00 A 11042405 ~~49 0 07/01/2004 0~~3,721,694.0076 0.00 A 11044049 ~~51 0 07/01/2004 0~~3,437,957.0085 0.00 A 11041565 ~~52 0 07/01/2004 0~~3,374,392.0087 0.00 A 11043655 ~~54 0 07/01/2004 0~~2,786,619.0020 0.00 A 11044038 ~~55 0 07/01/2004 0~~2,450,000.00 0.00 A 11042888 ~~57 0 07/01/2004 0~~2,232,363.0033 0.00 A 991089452 1,988,841.58 0 ~~07/01/2004 0~~.00 ~~0.00 A~~ 11042957 ~~59 0 07/01/2004 0~~1,986,880.0054 0.00 A 11041544 611,637,600.27 0.00 ~~07/01/2004~~11042897 01,481,717.0042 0.00 A 11042887 631,463,438.19 0.00 ~~07/01/2004~~991089456 01,457,434.0081 0.00 A Totals ~~40 0~~336,844,645.0095 0.00

~~Resolution~~Current ~~Servicing~~Outstanding Actual Outstanding ~~Loan~~P ~~Strategy~~& ~~Transfer~~I ~~Foreclosure~~P & I Principal Servicing ~~Bankruptcy~~Advances ~~REO~~Advances** ~~Number~~Balance Advances Totals By Delinquency Code: ~~(2)~~Total ~~Date~~for ~~Date~~Status ~~Balance~~Code ~~Advances~~= ~~Date~~A ~~Date~~(37 ~~11041837~~loans) ~~49,807,486~~0.1900 0.00 ~~991089450 15~~336,~~636~~844,~~996~~645.7195 0.00 ~~991089451~~(1) ~~33,166,368.81~~Status ~~0.00~~of ~~991088341~~Mortgage ~~36,180,565.50~~Loan ~~0.00~~A ~~991089307~~- ~~35,000,000.00~~Payment ~~0.00~~Not ~~991089448~~Received ~~33,886,962.11~~But ~~0.00~~Still ~~991089445~~In ~~32,232,707.62~~Grace ~~0.00~~Period ~~991089447~~B ~~23,299,416.26~~- ~~0.00~~Late ~~11044050~~Payment ~~19,917,286.30~~But ~~0.00~~Less ~~11042429~~Than ~~19,500,000.00~~1 Month Delinquent 0~~.00~~ ~~11043883~~- ~~17,000,000.00~~Current ~~0.00~~1 ~~991089446~~- ~~15,893,805.54~~One ~~0.00~~Month ~~11043068~~Delinquent ~~15,000,000.00~~2 ~~0.00~~- ~~991089454~~Two ~~14,054,350.97~~Months ~~0.00~~Delinquent ~~11042829~~3 ~~11,980,027.23~~- ~~0.00~~Three ~~11043916~~or ~~11,027,002.40~~More ~~0.00~~Months ~~11041662~~Delinquent ~~9,858,816.44~~4 ~~0.00~~- ~~11042864~~Assumed ~~8,964,812.79~~Scheduled ~~0.00~~Payment ~~991089453~~(Performing ~~8,620,014.57~~Matured ~~0.00~~Balloon) ~~11043647~~7 ~~8,149,465.66~~- ~~0.00~~Foreclosure ~~11043422~~9 ~~6,261,299.10~~- ~~0.00~~REO ~~11043618~~(2) ~~6,075,000.00~~Resolution ~~0.00~~Strategy ~~991089465~~Code ~~5,774,918.29~~1 ~~0.00~~- ~~11040026~~Modification ~~5,392,340.52~~2 ~~0.00~~- ~~991089457~~Foreclosure ~~5,345,562.84~~3 ~~0.00~~- ~~991089449~~Bankruptcy 4~~,891,097.70~~ ~~0.00~~- ~~11043699~~Extension ~~4,705,326.32~~5 ~~0.00~~- ~~11040405~~Note ~~4,076,434.73~~Sale ~~0.00~~6 ~~11042632~~- ~~4,030,030.92~~DPO ~~0.00~~7 ~~11042836~~- ~~3,905,989.30~~REO ~~0.00~~8 ~~11042405~~- ~~3,728,264.86~~Resolved ~~0.00~~9 ~~11044049~~- ~~3,445,037.45~~Pending ~~0.00~~Return ~~11041565~~to ~~3,380,334.73~~Master ~~0.00~~Servicer ~~11043655~~10 ~~2,791,654.~~- Deed In Lieu Of Foreclosure 11 ~~0.00~~- ~~11044038~~Full ~~2,450,000.00~~Payoff ~~0.00~~12 ~~11042888~~- ~~2,236,012.22~~Reps ~~0.00~~and ~~991089452~~Warranties ~~1,992,383.61~~13 ~~0.00~~- ~~11042957~~Other ~~1,990,296.42~~or ~~0.00~~TBD ~~11041544~~** ~~1,640,476.51~~Outstanding ~~0.00~~P ~~11042887~~& ~~1,465,830.24~~I ~~0.00~~Advances ~~Totals~~include ~~494,754,374.97~~the 0current period advance.00

Specially Serviced Loan Detail - Part 1 No Specially Serviced Loans this Period Specially Serviced Loan Detail - Part 2 No Specially Serviced Loans this Period Modified Loan Detail No Modified Loans Liquidated Loan Detail No Liquidated Loans this Period

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = A (40 loans) 0.00 0.00 494,754,374.97 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.

Filing Compare · GMAC COMMERCIAL MORTGAGE PASS-THR CERTS SER 2004-C1