8-K 1 wbt04c11_oct.txt OCTOBER 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: October 18, 2004 (Date of earliest event reported) Commission File No.: 333-108944-04 Wachovia Bank Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2004-C11 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-6612475 54-2150542 54-2150541 (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 18, 2004, a distribution was made to holders of Wachovia Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2004-C11. 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 2004-C11, relating to the October 18, 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 Bank Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2004-C11 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: October 18, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2004-C11, relating to the October 18, 2004 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Wachovia Bank Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2004-C11 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 18, 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 - 16 Mortgage Loan Detail 17 - 18 Principal Prepayment Detail 19 Historical Detail 20 Delinquency Loan Detail 21 Specially Serviced Loan Detail 22 - 23 Modified Loan Detail 24 Liquidated Loan Detail 25 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. 1601 Washington Avenue Suite 800 Miami Beach, FL 33139 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 929766QR7 3.333000% 56,200,000.00 5352,~~418~~751,~~423~~802.1066 ~~666~~742,~~620~~476.4462 ~~148~~146,~~369~~518.6713 A-2 929766QS5 4.260000% 70,000,000.00 70,000,000.00 0.00 248,500.00 A-3 929766QT3 4.719000% 87,715,000.00 87,715,000.00 0.00 344,939.24 A-4 929766QU0 5.030000% 52,829,000.00 52,829,000.00 0.00 221,441.56 A-5 929766QV8 5.215000% 454,900,000.00 454,900,000.00 0.00 1,976,919.58 A-1A 929766RA3 4.986000% 161,017,000.00 160,~~739~~674,~~683~~573.9432 6575,~~110~~429.6221 667,~~873~~602.3985 B 929766QW6 5.306000% 28,641,000.00 28,641,000.00 0.00 126,640.96 C 929766QX4 5.~~345000~~337020% 13,018,000.00 13,018,000.00 0.00 57,~~984~~897.3477 D 929766QY2 5.~~466312~~287020% 23,434,000.00 23,434,000.00 0.00 ~~106~~103,~~747~~246.9669 E 929766QZ9 5.~~516312~~337020% 11,717,000.00 11,717,000.00 0.00 5352,~~862~~111.1955 F 929766RB1 5.~~516312~~337020% 14,320,000.00 14,320,000.00 0.00 6563,~~827~~688.9944 G 929766RC9 5.~~516312~~337020% 13,019,000.00 13,019,000.00 0.00 5957,~~847~~902.3922 H 929766RD7 5.~~516312~~337020% 10,415,000.00 10,415,000.00 0.00 4746,~~876~~320.9989 J 929766RE5 5.310000% 16,924,000.00 16,924,000.00 0.00 74,888.70 K 929766RF2 5.310000% 5,207,000.00 5,207,000.00 0.00 23,040.97 L 929766RG0 5.310000% 2,604,000.00 2,604,000.00 0.00 11,522.70 M 929766RH8 5.310000% 2,604,000.00 2,604,000.00 0.00 11,522.70 N 929766RJ4 5.310000% 2,603,000.00 2,603,000.00 0.00 11,518.28 O 929766RK1 5.310000% 2,604,000.00 2,604,000.00 0.00 11,522.70 P 929766RL9 5.310000% 11,717,309.00 11,717,309.00 0.00 51,849.09 Z N/A 0.000000% 0.00 0.00 0.00 0.00 R-I N/A 0.000000% 0.00 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 0.00 Totals 1,041,488,309.00 1,~~038~~037,~~429~~697,~~416~~684.0498 ~~731~~817,~~731~~905.0683 4,~~322~~309,~~696~~595.4002

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 929766QR7 0.00 0.00 ~~814~~888,~~990~~994.1175 52,~~751~~009,~~802~~326.6604 15.3132% A-2 929766QS5 0.00 0.00 248,500.00 70,000,000.00 15.3132% A-3 929766QT3 0.00 0.00 344,939.24 87,715,000.00 15.3132% A-4 929766QU0 0.00 0.00 221,441.56 52,829,000.00 15.3132% A-5 929766QV8 0.00 0.00 1,976,919.58 454,900,000.00 15.3132% A-1A 929766RA3 0.00 0.00 ~~732~~743,~~984~~032.0106 160,~~674~~599,~~573~~144.3211 15.3132% B 929766QW6 0.00 0.00 126,640.96 28,641,000.00 12.5556% C 929766QX4 0.00 0.00 57,~~984~~897.3477 13,018,000.00 11.2930% D 929766QY2 0.00 0.00 ~~106~~103,~~747~~246.9669 23,434,000.00 9.0304% E 929766QZ9 0.00 0.00 5352,~~862~~111.1955 11,717,000.00 7.9091% F 929766RB1 0.00 0.00 6563,~~827~~688.9944 14,320,000.00 6.5253% G 929766RC9 0.00 0.00 5957,~~847~~902.3922 13,019,000.00 5.27% H 929766RD7 0.00 0.00 4746,~~876~~320.9989 10,415,000.00 4.27% J 929766RE5 0.00 0.00 74,888.70 16,924,000.00 2.6364% K 929766RF2 0.00 0.00 23,040.97 5,207,000.00 2.13% L 929766RG0 0.00 0.00 11,522.70 2,604,000.00 1.88% M 929766RH8 0.00 0.00 11,522.70 2,604,000.00 1.63% N 929766RJ4 0.00 0.00 11,518.28 2,603,000.00 1.38% O 929766RK1 0.00 0.00 11,522.70 2,604,000.00 1.13% P 929766RL9 0.00 0.00 51,849.09 11,717,309.00 0.00% Z N/A 0.00 0.00 0.00 0.00 0.00% R-I N/A 0.00 0.00 0.00 0.00 0.00% R-II N/A 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 5,~~054~~127,~~427~~500.4685 1,~~037~~036,~~697~~879,~~684~~779.9815

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount X-C 929766RN5 0.~~034630~~028068% 1,041,488,309.00 1,~~038~~037,~~429~~697,~~416~~684.0498 2924,~~967~~271.5173 X-P 929766RM7 0.~~499926~~334113% 1,010,357,000.00 1,010,357,000.00 ~~420~~281,~~920~~310.0196

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount X-C 929766RN5 0.00 2924,~~967~~271.5173 1,~~037~~036,~~697~~879,~~684~~779.9815 X-P 929766RM7 0.00 ~~420~~281,~~920~~310.0196 1,~~010~~005,~~357~~481,000.00 (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 929766QR7 ~~950~~938.~~50574911~~64417544 1113.~~86157367~~21132776 2.~~64002972~~60708416 0.00000000 0.00000000 ~~938~~925.~~64417544~~43284769 A-2 929766QS5 1,000.00000000 0.00000000 3.55000000 0.00000000 0.00000000 1,000.00000000 A-3 929766QT3 1,000.00000000 0.00000000 3.93250003 0.00000000 0.00000000 1,000.00000000 A-4 929766QU0 1,000.00000000 0.00000000 4.19166670 0.00000000 0.00000000 1,000.00000000 A-5 929766QV8 1,000.00000000 0.00000000 4.34583333 0.00000000 0.00000000 1,000.00000000 A-1A 929766RA3 ~~998~~997.~~27772186~~87335076 0.~~40437109~~46845495 4.~~14784395~~14616376 0.00000000 0.00000000 997.~~87335076~~40489582 B 929766QW6 1,000.00000000 0.00000000 4.42166684 0.00000000 0.00000000 1,000.00000000 C 929766QX4 1,000.00000000 0.00000000 4.~~45416654~~44751652 0.00000000 0.00000000 1,000.00000000 D 929766QY2 1,000.00000000 0.00000000 4.~~55525988~~40585005 0.00000000 0.00000000 1,000.00000000 E 929766QZ9 1,000.00000000 0.00000000 4.~~59692669~~44751643 0.00000000 0.00000000 1,000.00000000 F 929766RB1 1,000.00000000 0.00000000 4.~~59692668~~44751676 0.00000000 0.00000000 1,000.00000000 G 929766RC9 1,000.00000000 0.00000000 4.~~59692680~~44751671 0.00000000 0.00000000 1,000.00000000 H 929766RD7 1,000.00000000 0.00000000 4.~~59692655~~44751704 0.00000000 0.00000000 1,000.00000000 J 929766RE5 1,000.00000000 0.00000000 4.42500000 0.00000000 0.00000000 1,000.00000000 K 929766RF2 1,000.00000000 0.00000000 4.42499904 0.00000000 0.00000000 1,000.00000000 L 929766RG0 1,000.00000000 0.00000000 4.42500000 0.00000000 0.00000000 1,000.00000000 M 929766RH8 1,000.00000000 0.00000000 4.42500000 0.00000000 0.00000000 1,000.00000000 N 929766RJ4 1,000.00000000 0.00000000 4.42500192 0.00000000 0.00000000 1,000.00000000 O 929766RK1 1,000.00000000 0.00000000 4.42500000 0.00000000 0.00000000 1,000.00000000 P 929766RL9 1,000.00000000 0.00000000 4.42499980 0.00000000 0.00000000 1,000.00000000 Z N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000

Class CUSIP Beginning Interest Prepayment Ending Notional Distribution Penalties Notional Amount Amount X-C 929766RN5 ~~997~~996.~~06295987~~36037775 0.~~02877374~~02330485 0.00000000 ~~996~~995.~~36037775~~57505369 X-P 929766RM7 1,000.00000000 0.~~41660523~~27842729 0.00000000 ~~1,000~~995.~~00000000~~17398306

Reconciliation Detail Advance Summary P & I Advances Outstanding 0216,937.0070 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 35,~~711~~686.7421 Less Delinquent Servicing Fees 01,608.0064 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received ~~1,481~~0.5400 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 3734,~~193~~077.2857

Certificate Interest Reconciliation Class Accrued Net Aggregate Deferred Distributable Distributable Certificate Prepayment Interest Certificate Certificate Interest Interest Amount Interest Interest Shortfall Adjustment A-1 ~~148~~146,~~369~~518.6713 0.00 0.00 ~~148~~146,~~369~~518.6713 0.00 A-2 248,500.00 0.00 0.00 248,500.00 0.00 A-3 344,939.24 0.00 0.00 344,939.24 0.00 A-4 221,441.56 0.00 0.00 221,441.56 0.00 A-5 1,976,919.58 0.00 0.00 1,976,919.58 0.00 A-1A 667,~~873~~602.3985 0.00 0.00 667,~~873~~602.3985 0.00 X-C 2924,~~967~~271.5173 0.00 0.00 2924,~~967~~271.5173 0.00 X-P ~~420~~281,~~920~~310.0196 0.00 0.00 ~~420~~281,~~920~~310.0196 0.00 B 126,640.96 0.00 0.00 126,640.96 0.00 C 57,~~984~~897.3477 0.00 0.00 57,~~984~~897.3477 0.00 D ~~106~~103,~~747~~246.9669 0.00 0.00 ~~106~~103,~~747~~246.9669 0.00 E 5352,~~862~~111.1955 0.00 0.00 5352,~~862~~111.1955 0.00 F 6563,~~827~~688.9944 0.00 0.00 6563,~~827~~688.9944 0.00 G 5957,~~847~~902.3922 0.00 0.00 5957,~~847~~902.3922 0.00 H 4746,~~876~~320.9989 0.00 0.00 4746,~~876~~320.9989 0.00 J 74,888.70 0.00 0.00 74,888.70 0.00 K 23,040.97 0.00 0.00 23,040.97 0.00 L 11,522.70 0.00 0.00 11,522.70 0.00 M 11,522.70 0.00 0.00 11,522.70 0.00 N 11,518.28 0.00 0.00 11,518.28 0.00 O 11,522.70 0.00 0.00 11,522.70 0.00 P 51,849.09 0.00 0.00 51,849.09 0.00 Total 4,~~773~~615,~~583~~177.9271 0.00 0.00 4,~~773~~615,~~583~~177.9271 0.00

Class Additional Interest Remaining Unpaid Trust Fund Distribution Distributable Expenses Certificate Interest A-1 0.00 ~~148~~146,~~369~~518.6713 0.00 A-2 0.00 248,500.00 0.00 A-3 0.00 344,939.24 0.00 A-4 0.00 221,441.56 0.00 A-5 0.00 1,976,919.58 0.00 A-1A 0.00 667,~~873~~602.3985 0.00 X-C 0.00 2924,~~967~~271.5173 0.00 X-P 0.00 ~~420~~281,~~920~~310.0196 0.00 B 0.00 126,640.96 0.00 C 0.00 57,~~984~~897.3477 0.00 D 0.00 ~~106~~103,~~747~~246.9669 0.00 E 0.00 5352,~~862~~111.1955 0.00 F 0.00 6563,~~827~~688.9944 0.00 G 0.00 5957,~~847~~902.3922 0.00 H 0.00 4746,~~876~~320.9989 0.00 J 0.00 74,888.70 0.00 K 0.00 23,040.97 0.00 L 0.00 11,522.70 0.00 M 0.00 11,522.70 0.00 N 0.00 11,518.28 0.00 O 0.00 11,522.70 0.00 P 0.00 51,849.09 0.00 Total 0.00 4,~~773~~615,~~583~~177.9271 0.00

Other Required Information Available Distribution Amount (1) 5,~~505~~433,~~314~~083.9854 Aggregate Number of Outstanding Loans 54 Aggregate Stated Principal Balance of Loans Before Distribution 1,~~038~~037,~~429~~697,~~416~~685.2822 Aggregate Stated Principal Balance of Loans After Distribution 1,~~037~~036,~~697~~879,~~685~~779.2239 Aggregate Unpaid Principal Balance of Loans 1,~~037~~036,~~697~~887,~~685~~213.2250 Aggregate Amount of Servicing Fee 3734,~~193~~077.2857 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 2,~~033~~032.5916 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 4,652,896.05 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 4,652,896.05 Principal: Scheduled Principal 817,905.88 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 817,905.88 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 5,470,801.93 Total Funds Distributed Fees: Master Servicing Fee 35,686.21 Trustee Fee 2,032.16 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 37,718.37 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 4,615,177.71 Principal Distribution 817,905.83 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 5,433,083.54 Total Funds Distributed 5,470,801.91

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. 2,000,000 or less 5 8,~~104~~088,~~627~~749.2215 0.78 ~~122~~121 5.~~8062~~8063 1.~~455406~~455494 2,000,001 to 3,000,000 3 8,~~553~~543,~~434~~800.2868 0.82 ~~115~~114 5.4971 1.~~442119~~442122 3,000,001 to 4,000,000 3 9,~~491~~479,~~096~~281.5994 0.91 ~~113~~112 5.6898 1.~~354768~~354755 4,000,001 to 5,000,000 3 13,~~216~~200,~~831~~027.7927 1.27 ~~115~~114 5.6356 1.~~426797~~426782 5,000,001 to 6,000,000 4 22,~~780~~754,~~790~~450.9611 2.2019 ~~110~~109 5.~~6388~~6386 1.~~418494~~418500 6,000,001 to 7,000,000 1 6,~~363~~357,~~962~~169.6359 0.61 ~~114~~113 5.8000 1.430000 7,000,001 to 8,000,000 3 22,~~462~~433,~~841~~928.4231 2.16 ~~113~~112 5.5468 1.~~543342~~543401 8,000,001 to 9,000,000 4 33,~~463~~433,~~196~~120.3807 3.22 ~~100~~99 5.~~0603~~0601 1.~~596842~~596933 9,000,001 to 10,000,000 2 19,~~183~~160,~~216~~891.3377 1.85 ~~115~~114 5.3100 1.543753 10,000,001 to 15,000,000 7 82,~~882~~840,~~415~~236.7050 7.99 ~~103~~102 5.~~5008~~5006 1.~~287055~~287083 15,000,001 to 20,000,000 5 89,~~895~~810,~~420~~163.6200 8.66 ~~128~~127 5.~~7466~~7463 1.~~617115~~617146 20,000,001 to 25,000,000 5 114,~~368~~310,~~925~~102.7324 11.02 7271 5.1556 1.~~566700~~566807 25,000,001 to 30,000,000 2 55,~~701~~671,~~917~~043.7722 5.37 ~~113~~112 5.~~4452~~4453 1.~~586969~~586729 30,000,001 to 40,000,000 1 35,~~851~~810,~~069~~819.8367 3.45 ~~114~~113 5.5300 1.372189 40,000,001 to 60,000,000 2 118,800,000.00 11.4546 9594 5.3600 1.985960 60,000,001 to 75,000,000 1 75,000,000.00 7.23 ~~115~~114 6.1600 1.510000 75,000,001 and greater 3 321,~~577~~185,~~937~~995.9787 30.9998 ~~113~~112 5.~~0913~~0915 1.~~635145~~635091 Totals 54 1,~~037~~036,~~697~~879,~~685~~779.2239 100.00 ~~107~~106 5.~~3806~~3807 1.~~598545~~598563

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alabama 2 28,~~088~~058,~~630~~285.1391 2.71 ~~156~~155 5.~~7593~~7594 2.~~392517~~392564 Arizona 4 4443,~~002~~961,~~653~~793.5072 4.24 ~~118~~117 5.~~4310~~4309 1.~~316468~~316509 California 9 129,~~609~~566,~~631~~211.9225 12.4950 9493 5.~~4173~~4172 1.~~529320~~529359 Colorado 3 38,~~085~~062,~~146~~629.0135 3.67 ~~125~~124 5.~~6471~~6466 1.~~405169~~405266 Connecticut 2 ~~133~~132,~~152~~909,~~095~~702.1739 12.8382 ~~115~~114 4.~~5821~~5822 1.~~757559~~757550 Florida 10 171,~~805~~749,~~465~~244.2580 16.56 ~~101~~100 5.6226 1.~~594931~~595030 Georgia 3 13,~~605~~587,~~828~~327.3110 1.31 6059 5.~~1423~~1422 1.~~435197~~435219 Idaho 1 1,~~887~~884,~~290~~975.2723 0.18 5453 5.0500 1.458042 Illinois 1 3,~~247~~243,~~436~~781.9480 0.31 ~~115~~114 5.4900 1.230000 Kansas 4 43,~~943~~942,~~310~~644.8338 4.2324 7776 5.1806 1.~~299308~~299306 Massachusetts 1 11,~~376~~359,~~403~~058.9821 1.10 ~~113~~112 5.9200 1.200000 Michigan 1 25,~~941~~911,~~917~~043.7722 2.50 ~~111~~110 5.3020 2.019420 Missouri 1 2,~~480~~477,~~642~~600.8902 0.24 5453 5.0500 1.458042 Nevada 1 1,~~728~~724,~~125~~112.8704 0.17 ~~101~~100 5.8100 1.270000 New Jersey 5 4,~~366~~357,~~805~~618.6433 0.42 ~~106~~105 5.8397 1.~~557110~~557130 New York 5 168,~~262~~254,~~550~~234.6175 16.2123 ~~113~~112 5.4716 1.~~730533~~730551 North Carolina 2 99,~~177~~018,~~423~~399.1182 9.5655 ~~111~~110 5.6043 1.~~534477~~534481 Ohio 2 6,~~186~~178,~~120~~926.9366 0.60 ~~114~~113 5.3400 1.350884 Oklahoma 1 18,240,000.00 1.76 7978 4.7500 1.460000 Pennsylvania 5 11,~~575~~557,~~368~~625.5730 1.1211 ~~111~~110 5.~~3712~~3710 1.~~398858~~398827 South Carolina 5 7,~~113~~100,~~339~~669.4995 0.6968 ~~110~~109 5.8373 1.~~447611~~447656 Tennessee 1 4,~~079~~074,~~103~~494.0572 0.39 ~~115~~114 5.4700 1.350000 Texas 6 13,~~103~~084,~~518~~013.0263 1.26 7170 5.~~3542~~3541 1.~~409031~~409063 Utah 3 1514,~~012~~995,~~582~~797.7401 1.45 ~~114~~113 5.5521 1.~~308806~~308805 Virginia 4 20,~~603~~580,~~542~~360.0491 1.9998 ~~113~~112 5.7738 1.~~396868~~396861 Washington 3 17,~~911~~891,~~207~~177.1823 1.73 ~~114~~113 5.5626 1.~~695594~~695598 Wyoming 1 3,~~111~~108,~~545~~051.0166 0.30 ~~114~~113 5.5300 1.372189 Totals 86 1,~~037~~036,~~697~~879,~~685~~779.2239 100.00 ~~107~~106 5.~~3806~~3807 1.~~598545~~598563

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. 1.24 or less 8 88,~~300~~219,~~774~~365.6360 8.51 ~~125~~124 5.~~8463~~8462 1.~~211807~~211806 1.25 to 1.29 5 88,~~484~~413,~~430~~009.9348 8.53 9998 5.~~4339~~4337 1.~~273139~~273148 1.30 to 1.34 5 51,~~927~~903,~~427~~376.6749 5.0001 ~~106~~105 5.5103 1.~~322740~~322736 1.35 to 1.39 6 56,~~347~~282,~~053~~039.7505 5.43 ~~113~~112 5.4654 1.369534 1.40 to 1.44 4 21,~~810~~798,~~377~~706.7382 2.10 ~~115~~114 5.~~4497~~4496 1.~~419358~~419359 1.45 to 1.49 6 65,~~447~~383,~~547~~994.2955 6.31 8079 5.~~2172~~2170 1.~~465435~~465431 1.50 to 1.54 5 ~~192~~191,~~106~~932,~~028~~880.8990 18.51 ~~113~~112 5.~~7975~~7977 1.~~527475~~527465 1.55 to 1.59 4 109,~~903~~886,~~339~~092.4405 10.5960 ~~112~~111 5.3240 1.~~551790~~551789 1.60 to 1.69 2 24,~~431~~428,~~608~~294.3574 2.3536 5857 5.2057 1.650000 1.70 to 1.79 2 137,~~315~~067,~~471~~237.8050 13.2322 ~~115~~114 4.~~5727~~5728 1.770000 1.80 to 1.89 1 58,800,000.00 5.67 7776 4.9519 1.890000 1.90 to 1.99 2 15,~~621~~613,~~919~~692.9458 1.51 8382 5.~~1066~~1063 1.940000 2.00 to 2.04 1 25,~~941~~911,~~917~~043.7722 2.50 ~~111~~110 5.3020 2.019420 2.05 to 2.19 1 60,000,000.00 5.7879 ~~113~~112 5.7600 2.080000 2.20 to 2.29 1 21,613,000.00 2.08 5554 4.8000 2.230000 2.30 and greater 1 19,~~646~~627,~~787~~046.0341 1.89 ~~174~~173 6.1200 2.660000 Totals 54 1,~~037~~036,~~697~~879,~~685~~779.2239 100.00 ~~107~~106 5.~~3806~~3807 1.~~598545~~598563

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 1 13,~~350~~336,~~934~~968.6855 1.29 ~~108~~107 6.0900 1.200000 Mixed Use 1 2,~~611~~608,~~708~~774.8067 0.25 ~~115~~114 5.5000 1.400000 Mobile Home Park 17 68,~~751~~671,~~474~~094.1152 6.6362 9291 5.3121 1.~~401700~~401699 Multi-Family 13 136,~~200~~147,~~496~~971.5169 13.13 9493 5.~~2226~~2225 1.~~390702~~390710 Office 10 292,~~941~~885,~~818~~286.7343 28.2325 ~~112~~111 5.~~7023~~7022 1.~~635600~~635652 Retail 39 ~~517~~516,~~314~~715,~~242~~753.6048 49.8583 ~~109~~108 5.2247 1.~~671675~~671699 Self Storage 5 6,~~527~~513,~~009~~930.7905 0.63 ~~132~~131 5.8270 1.~~444552~~444671 Totals 86 1,~~037~~036,~~697~~879,~~685~~779.2239 100.00 ~~107~~106 5.~~3806~~3807 1.~~598545~~598563

~~Age~~Note ofRate ~~Most~~Note ~~Recent~~Rate ~~NOI Age of Most~~ # of Scheduled % of WAM WAC Weighted ~~Recent NOI~~ Loans Balance Agg. (2) Avg DSCR (1) Bal. ~~Underwriter's~~5.249 ~~Information~~or 52less 113 338,~~031~~630,~~511~~512.35 32.66 89 4.8123 1.720092 5.250 to 5.499 12 221,~~564~~012,655.2974 9921.4032 ~~107~~109 5.~~3809~~3363 1.~~600030~~513662 15.500 ~~year~~to or5.749 ~~less~~11 ~~2 6~~219,~~186~~344,~~120~~490.9302 021.6015 ~~114~~112 5.~~3400~~5887 1.~~350884~~431085 15.750 to 25.999 ~~years~~13 0131,105,922.46 012.0064 0110 5.008009 01.686259 06.~~0000~~000 0to 6.~~000000~~249 23 ~~years~~107,964,014.96 or10.41 124 6.1441 1.680767 6.250 and greater 02 018,822,183.0086 01.0082 0161 06.~~0000~~3976 01.~~000000~~278375 Totals 54 1,~~037~~036,~~697~~879,~~685~~779.2239 100.00 ~~107~~106 5.~~3806~~3807 1.~~598545~~598563

~~Note~~Seasoning ~~Rate~~Seasoning ~~Note Rate~~ # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. ~~5.249~~12 months or less 1353 ~~338,918,876.08 32.66 90 4.8122~~ 1~~.720095 5.250 to 5.499 12 221~~,~~118~~023,~~275~~542,810.0484 2198.3171 ~~110~~106 5.~~3363~~3715 1.~~513687~~603756 ~~5.500~~13 to ~~5.749~~24 11months ~~219,586,261.76 21.16 113 5.5887~~ 1~~.431147~~ ~~5.750 to 5.999~~ 13 ~~131~~,~~227~~336,~~446~~968.6555 121.6529 ~~111~~107 56.~~8010~~0900 1.~~685941~~200000 ~~6.000~~25 to ~~6.249~~36 3months ~~107,997,721~~0 0.7100 100.4100 ~~125~~0 60.~~1441~~0000 10.~~680883~~000000 ~~6.250~~37 ~~and~~months or greater 20 ~~18,849,103~~0.9800 10.8200 ~~162~~0 60.~~3976~~0000 10.~~278376~~000000 Totals 54 1,~~037~~036,~~697~~879,~~685~~779.2239 100.00 ~~107~~106 5.~~3806~~3807 1.~~598545~~598563

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 5 77,~~941~~908,~~273~~959.2079 7.51 5453 4.9721 1.~~777307~~777441 61 to 84 months 5 120,440,000.00 11.6162 7776 5.0043 1.611310 85 to 108 months 3 37,~~859~~788,~~566~~709.2283 3.6564 ~~103~~102 5.~~9214~~9215 1.~~280152~~280116 109 to 120 months 38 ~~764~~763,~~307~~640,~~165~~332.2412 73.65 ~~114~~113 5.~~4134~~4136 1.~~575070~~575054 121 to 168 months 0 0.00 0.00 0 0.0000 0.000000 169 to 180 months 2 35,~~481~~439,~~933~~675.0476 3.42 ~~173~~172 6.2539 2.~~026877~~027023 181 to 192 months 0 0.00 0.00 0 0.0000 0.000000 229 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 53 1,~~036~~035,~~029~~217,~~937~~677.7050 99.84 ~~107~~106 5.~~3800~~3801 1.~~599194~~599210

Remaining Stated Term (Fully Amortizing Loans) Remaining Stated # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 60 months or less 0 0.00 0.00 0 0.0000 0.000000 61 to 84 months 0 0.00 0.00 0 0.0000 0.000000 85 to 108 months 0 0.00 0.00 0 0.0000 0.000000 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 156 months 0 0.00 0.00 0 0.0000 0.000000 169 to 180 months 0 0.00 0.00 0 0.0000 0.000000 181 months or greater 1 1,~~667~~662,~~747~~101.5289 0.16 ~~186~~185 5.7600 1.195586 Totals 1 1,~~667~~662,~~747~~101.5289 0.16 ~~186~~185 5.7600 1.195586

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 3 52,363,000.00 5.05 5554 4.9227 1.934534 192 months or less 0 0.00 0.00 0 0.0000 0.000000 229 to 264 months 2 24,~~508~~451,~~631~~741.5428 2.36 ~~101~~100 5.8296 1.323815 265 to 300 months 9 ~~272~~271,~~452~~990,~~975~~811.5941 26.2623 ~~117~~116 5.~~1779~~1780 1.~~607889~~607864 301 to 348 months 3 91,~~590~~576,~~934~~968.6855 8.83 ~~106~~104 5.~~6070~~6069 1.~~828254~~828350 349 months or greater 35 594,~~321~~043,~~105~~776.0747 57.2729 ~~107~~106 5.4589 1.~~542018~~542001 Totals 53 1,~~036~~035,~~029~~217,~~937~~677.7050 99.84 ~~107~~106 5.~~3800~~3801 1.~~599194~~599210

~~Seasoning~~Age ~~Seasoning~~of Most Recent NOI Age of Most # of Scheduled % of WAM WAC Weighted Recent NOI Loans Balance Agg. (2) Avg DSCR (1) Bal. 12Underwriter's ~~months~~Information or52 ~~less 54~~ 1,~~037~~030,~~697~~700,~~685~~852.2273 ~~100~~99.0040 ~~107~~106 5.~~3806~~3809 1.~~598545~~600047 131 toyear 24or ~~months~~less 02 06,178,926.0066 0.0060 0113 05.~~0000~~3400 01.~~000000~~350884 251 to 362 ~~months~~years 0 0.00 0.00 0 0.0000 0.000000 372 ~~months~~years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 54 1,~~037~~036,~~697~~879,~~685~~779.2239 100.00 ~~107~~106 5.~~3806~~3807 1.~~598545~~598563 (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.

Current Mortgage Loan and Property Stratification Tables Group 1 Scheduled Balance Scheduled # of Scheduled % of WAM WAC Weighted Balance Loans Balance Agg. (2) Avg DSCR (1) Bal. 2,000,000 or less 4 6,~~127~~114,~~352~~538.9998 0.59 ~~125~~124 5.7921 1.~~417575~~417671 2,000,001 to 3,000,000 3 8,~~553~~543,~~434~~800.2868 0.82 ~~115~~114 5.4971 1.~~442119~~442122 3,000,001 to 4,000,000 2 6,~~243~~235,~~659~~500.6514 0.60 ~~113~~112 5.~~7938~~7937 1.~~419661~~419654 4,000,001 to 5,000,000 3 13,~~216~~200,~~831~~027.7927 1.27 ~~115~~114 5.6356 1.~~426797~~426782 5,000,001 to 6,000,000 3 17,~~254~~234,~~625~~420.9337 1.66 ~~109~~108 5.~~6544~~6542 1.~~488471~~488484 6,000,001 to 7,000,000 1 6,~~363~~357,~~962~~169.6359 0.61 ~~114~~113 5.8000 1.430000 7,000,001 to 8,000,000 3 22,~~462~~433,~~841~~928.4231 2.16 ~~113~~112 5.5468 1.~~543342~~543401 8,000,001 to 10,000,000 3 25,~~313~~283,~~196~~120.3807 2.44 ~~115~~114 5.2117 1.~~486356~~486346 10,000,001 to 15,000,000 3 34,~~782~~740,~~415~~236.7050 3.35 ~~111~~110 5.9419 1.~~237581~~237586 15,000,001 to 20,000,000 4 71,~~655~~570,~~420~~163.6200 6.9190 ~~140~~139 6.0002 1.~~657109~~657196 20,000,001 to 25,000,000 4 93,~~968~~910,~~925~~102.7324 9.06 7069 5.1199 1.~~626476~~626645 25,000,001 to 30,000,000 2 55,~~701~~671,~~917~~043.7722 5.37 ~~113~~112 5.~~4452~~4453 1.~~586969~~586729 30,000,001 to 60,000,000 2 118,800,000.00 11.4546 9594 5.3600 1.985960 60,000,001 to 80,000,000 1 75,000,000.00 7.23 ~~115~~114 6.1600 1.510000 80,000,001 and greater 3 321,~~577~~185,~~937~~995.9787 30.9998 ~~113~~112 5.~~0913~~0915 1.~~635145~~635091 Totals 41 ~~877~~876,~~022~~280,~~522~~046.8624 84.5251 ~~108~~107 5.~~4061~~4062 1.~~634906~~634942

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alabama 2 28,~~088~~058,~~630~~285.1391 2.71 ~~156~~155 5.~~759348~~7594 2.~~392517~~392564 Arizona 3 3332,~~002~~961,~~653~~793.5072 3.18 ~~118~~117 5.~~518024~~5180 1.~~281960~~281972 California 6 107,~~997~~979,~~892~~523.6506 10.41 8988 5.~~433827~~4337 1.~~530290~~530335 Colorado 1 15,~~835~~812,~~146~~629.0135 1.53 ~~172~~171 6.~~420000~~4200 1.241356 Connecticut 2 ~~133~~132,~~152~~909,~~095~~702.1739 12.8382 ~~115~~114 4.~~582132~~5822 1.~~757559~~757550 Florida 8 158,~~387~~346,~~876~~719.0357 15.2627 ~~100~~99 5.~~630425~~6304 1.~~613800~~613891 Georgia 3 13,~~605~~587,~~828~~327.3110 1.31 6059 5.~~142333~~1422 1.~~435197~~435219 Idaho 1 1,~~887~~884,~~290~~975.2723 0.18 5453 5.~~050000~~0500 1.458042 Kansas 1 ~~543~~542,~~310~~644.8338 0.05 5453 5.~~050000~~0500 1.458042 Massachusetts 1 11,~~376~~359,~~403~~058.9821 1.10 ~~113~~112 5.~~920000~~9200 1.200000 Michigan 1 25,~~941~~911,~~917~~043.7722 2.50 ~~111~~110 5.~~302000~~3020 2.019420 Missouri 1 2,~~480~~477,~~642~~600.8902 0.24 5453 5.~~050000~~0500 1.458042 Nevada 1 1,~~728~~724,~~125~~112.8704 0.17 ~~101~~100 5.~~810000~~8100 1.270000 New Jersey 5 4,~~366~~357,~~805~~618.6433 0.42 ~~106~~105 5.~~839667~~8397 1.~~557110~~557130 New York 3 160,855,555.66 15.5051 ~~112~~111 5.~~468865~~4689 1.747034 North Carolina 2 99,~~177~~018,~~423~~399.1182 9.5655 ~~111~~110 5.~~604296~~6043 1.~~534477~~534481 Ohio 2 6,~~186~~178,~~120~~926.9366 0.60 ~~114~~113 5.~~340000~~3400 1.350884 Pennsylvania 5 11,~~575~~557,~~368~~625.5730 1.1211 ~~111~~110 5.~~371190~~3710 1.~~398858~~398827 South Carolina 5 7,~~113~~100,~~339~~669.4995 0.6968 ~~110~~109 5.~~837325~~8373 1.~~447611~~447656 Tennessee 1 4,~~079~~074,~~103~~494.0572 0.39 ~~115~~114 5.~~470000~~4700 1.350000 Texas 6 13,~~103~~084,~~518~~013.0263 1.26 7170 5.~~354185~~3541 1.~~409031~~409063 Virginia 3 18,~~626~~606,~~267~~150.8174 1.79 ~~113~~112 5.~~765736~~7657 1.~~378209~~378210 Washington 3 17,~~911~~891,~~207~~177.1823 1.73 ~~114~~113 5.~~562626~~5626 1.~~695594~~695598 Totals 66 ~~877~~876,~~022~~280,~~522~~046.8624 84.5251 ~~108~~107 5.~~406068~~4062 1.~~634906~~634942

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. 1.24 or less 6 79,~~527~~455,~~172~~554.6606 7.66 ~~126~~125 5.~~8787~~8786 1.211884 1.25 to 1.29 2 43,~~484~~413,~~430~~009.9348 4.19 ~~109~~108 5.~~5918~~5917 1.~~258515~~258509 1.30 to 1.34 4 39,~~427~~403,~~427~~376.6749 3.80 ~~114~~113 5.6531 1.~~325521~~325518 1.35 to 1.39 5 20,~~495~~471,~~983~~219.9238 1.9897 ~~112~~111 5.3523 1.364889 1.40 to 1.44 3 10,~~810~~798,~~377~~706.7382 1.04 ~~114~~113 5.7343 1.418705 1.45 to 1.49 5 47,~~207~~143,~~547~~994.2955 4.55 8079 5.~~3978~~3977 1.~~467535~~467532 1.50 to 1.54 4 182,~~308~~146,~~015~~270.8837 17.57 ~~113~~112 5.~~8237~~8239 1.~~527101~~527090 1.55 to 1.59 2 98,~~540~~537,~~861~~600.8964 9.50 ~~112~~111 5.3148 1.~~551212~~551211 1.60 to 1.69 2 24,~~431~~428,~~608~~294.3574 2.3536 5857 5.2057 1.650000 1.70 to 1.79 2 137,~~315~~067,~~471~~237.8050 13.2322 ~~115~~114 4.~~5727~~5728 1.770000 1.80 to 1.89 1 58,800,000.00 5.67 7776 4.9519 1.890000 1.90 to 1.99 1 7,~~471~~463,~~919~~692.9458 0.72 ~~113~~112 5.6700 1.940000 2.00 to 2.04 1 25,~~941~~911,~~917~~043.7722 2.50 ~~111~~110 5.3020 2.019420 2.05 to 2.09 1 60,000,000.00 5.7879 ~~113~~112 5.7600 2.080000 2.10 to 2.24 1 21,613,000.00 2.08 5554 4.8000 2.230000 2.25 and greater 1 19,~~646~~627,~~787~~046.0341 1.89 ~~174~~173 6.1200 2.660000 Totals 41 ~~877~~876,~~022~~280,~~522~~046.8624 84.5251 ~~108~~107 5.~~4061~~4062 1.~~634906~~634942

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 1 13,~~350~~336,~~934~~968.6855 1.29 ~~108~~107 6.0900 1.200000 Mixed Use 1 2,~~611~~608,~~708~~774.8067 0.25 ~~115~~114 5.5000 1.400000 Mobile Home Park 9 32,~~900~~860,~~404~~274.2885 3.17 6968 5.0747 1.433858 Multi-Family 1 11,~~376~~359,~~403~~058.9821 1.10 ~~113~~112 5.9200 1.200000 Office 10 292,~~941~~885,~~818~~286.7343 28.2325 ~~112~~111 5.~~7023~~7022 1.~~635600~~635652 Retail 39 ~~517~~516,~~314~~715,~~242~~753.6048 49.8583 ~~109~~108 5.2247 1.~~671675~~671699 Self Storage 5 6,~~527~~513,~~009~~930.7905 0.63 ~~132~~131 5.8270 1.~~444552~~444671 Totals 66 ~~877~~876,~~022~~280,~~522~~046.8624 84.5251 ~~108~~107 5.~~4061~~4062 1.~~634906~~634942

~~Age~~Note ofRate ~~Most~~Note ~~Recent~~Rate ~~NOI Age of Most~~ # of Scheduled % of WAM WAC Weighted ~~Recent NOI~~ Loans Balance Agg. (2) Avg DSCR (1) Bal. ~~Underwriter's~~5.249 ~~Information~~or 39less ~~870~~8 278,~~836~~240,~~401~~512.9335 26.83 91 4.927883 ~~108~~1.777074 5.~~4065~~250 1to 5.~~636923~~499 7 164,107,982.17 15.83 112 5.3337 1.563467 ~~year~~5.500 orto ~~less~~5.749 29 6178,~~186~~013,~~120~~640.9361 017.6017 ~~114~~112 5.~~3400~~6004 1.~~350884~~450099 15.750 to 25.999 ~~years~~12 0129,131,712.29 012.0045 0110 5.008002 01.687996 06.~~0000~~000 0to 6.~~000000~~249 23 ~~years~~107,964,014.96 10.41 124 6.1441 1.680767 6.250 or greater 02 018,822,183.0086 01.0082 0161 06.~~0000~~3976 01.~~000000~~278375 Totals 41 ~~877~~876,~~022~~280,~~522~~046.8624 84.5251 ~~108~~107 5.~~4061~~4062 1.~~634906~~634942

~~Note~~Seasoning ~~Rate~~Seasoning ~~Note Rate~~ # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. ~~5.249~~12 months or less 840 ~~278~~862,~~528~~943,~~876~~077.0869 2683.8422 92107 45.~~7882~~3956 1.~~777018~~641664 ~~5.250~~13 to ~~5.499~~24 7months ~~164,187,621.77 15.82 113 5.3338~~ 1~~.563479~~ ~~5.500 to 5.749 9 178~~13,~~209~~336,~~026~~968.9055 171.1729 ~~113~~107 56.~~6004~~0900 1.~~450176~~200000 ~~5.750~~25 to ~~5.999~~36 12months ~~129,250,172.42~~0 120.4600 ~~111 5~~0.~~8002~~00 ~~1.687674~~0 60.~~000~~0000 ~~to 6~~0.~~249~~000000 337 ~~107,997,721.71~~months ~~10.41 125 6.1441 1.680883 6.250~~ or greater 20 ~~18,849,103~~0.9800 10.8200 ~~162~~0 60.~~3976~~0000 10.~~278376~~000000 Totals 41 ~~877~~876,~~022~~280,~~522~~046.8624 84.5251 ~~108~~107 5.~~4061~~4062 1.~~634906~~634942

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 4 69,~~791~~758,~~273~~959.2079 6.73 5453 5.0167 1.~~758308~~758449 61 to 84 months 1 58,800,000.00 5.67 7776 4.9519 1.890000 85 to 108 months 3 37,~~859~~788,~~566~~709.2283 3.6564 ~~103~~102 5.~~9214~~9215 1.~~280152~~280116 109 to 120 months 30 ~~673~~672,~~422~~830,~~002~~598.8897 64.9089 ~~113~~112 5.~~4116~~4118 1.~~600223~~600208 121 to 156 months 0 0.00 0.00 0 0.0000 0.000000 169 to 180 months 2 35,~~481~~439,~~933~~675.0476 3.42 ~~173~~172 6.2539 2.~~026877~~027023 181 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 40 ~~875~~874,~~354~~617,~~775~~944.3435 84.3635 ~~108~~107 5.~~4054~~4055 1.~~635743~~635776

Remaining Stated Term (Fully Amortizing Loans) Remaining Stated # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 60 months or less 0 0.00 0.00 0 0.0000 0.000000 61 to 84 months 0 0.00 0.00 0 0.0000 0.000000 85 to 108 months 0 0.00 0.00 0 0.0000 0.000000 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 180 months 0 0.00 0.00 0 0.0000 0.000000 181 months or greater 1 1,~~667~~662,~~747~~101.5289 0.16 ~~186~~185 5.7600 1.195586 Totals 1 1,~~667~~662,~~747~~101.5289 0.16 ~~186~~185 5.7600 1.195586

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 2 44,213,000.00 4.26 5453 4.9840 1.933526 192 months or less 0 0.00 0.00 0 0.0000 0.000000 229 to 264 months 2 24,~~508~~451,~~631~~741.5428 2.36 ~~101~~100 5.8296 1.323815 265 to 300 months 8 270,~~475~~016,~~701~~601.3624 26.0604 ~~117~~116 5.~~1730~~1731 1.~~608146~~608122 301 to 348 months 2 73,~~350~~336,~~934~~968.6855 7.07 ~~112~~111 5.~~8201~~8200 1.~~919827~~919964 349 months or greater 25 ~~462~~461,~~013~~808,~~216~~253.9449 44.5254 ~~108~~107 5.4928 1.~~595296~~595276 Totals 40 ~~875~~874,~~354~~617,~~775~~944.3435 84.3635 ~~108~~107 5.~~4054~~4055 1.~~635743~~635776

~~Seasoning~~Age ~~Seasoning~~of Most Recent NOI Age of Most # of Scheduled % of WAM WAC Weighted Recent NOI Loans Balance Agg. (2) Avg DSCR (1) Bal. 12Underwriter's ~~months~~Information or39 ~~less 41 877~~870,~~022~~101,~~522~~119.8658 8483.5292 ~~108~~107 5.~~4061~~4066 1.~~634906~~636959 131 toyear 24or ~~months~~less 02 06,178,926.0066 0.0060 0113 05.~~0000~~3400 01.~~000000~~350884 251 to 362 ~~months~~years 0 0.00 0.00 0 0.0000 0.000000 372 ~~months~~years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 41 ~~877~~876,~~022~~280,~~522~~046.8624 84.5251 ~~108~~107 5.~~4061~~4062 1.~~634906~~634942 (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.

Current Mortgage Loan and Property Stratification Tables Group 2 Scheduled Balance Scheduled # of Scheduled % of WAM WAC Weighted Balance Loans Balance Agg. (2) Avg DSCR (1) Bal. 2,000,000 or less 1 1,~~977~~974,~~274~~210.2317 0.19 ~~112~~111 5.8500 1.572639 2,000,001 to 4,000,000 1 3,~~247~~243,~~436~~781.9480 0.31 ~~115~~114 5.4900 1.230000 4,000,001 to 6,000,000 1 5,~~526~~520,~~165~~029.0374 0.53 ~~114~~113 5.5900 1.200000 6,000,001 to 9,000,000 1 8,150,000.00 0.79 5554 4.5900 1.940000 9,000,001 to 10,000,000 2 19,~~183~~160,~~216~~891.3377 1.85 ~~115~~114 5.3100 1.543753 10,000,001 to 15,000,000 4 48,100,000.00 4.64 9796 5.1819 1.322832 15,000,001 to 20,000,000 1 18,240,000.00 1.76 7978 4.7500 1.460000 20,000,001 to 25,000,000 1 20,400,000.00 1.97 7776 5.3200 1.291350 25,000,001 and greater 1 35,~~851~~810,~~069~~819.8367 3.45 ~~114~~113 5.5300 1.372189 Totals 13 160,~~675~~599,~~162~~733.3615 15.4849 9796 5.~~2418~~2417 1.~~400073~~400069

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Arizona 1 11,000,000.00 1.06 ~~115~~114 5.~~170000~~1700 1.420000 California 3 21,~~611~~586,~~739~~688.2719 2.08 ~~115~~114 5.~~334722~~3347 1.524474 Colorado 2 22,250,000.00 2.1415 9291 5.~~096966~~0970 1.521753 Florida 2 13,~~417~~402,~~589~~525.2223 1.29 ~~114~~113 5.~~530000~~5300 1.372189 Illinois 1 3,~~247~~243,~~436~~781.9480 0.31 ~~115~~114 5.~~490000~~4900 1.230000 Kansas 3 43,400,000.00 4.1819 7877 5.~~182212~~1822 1.297321 New York 2 7,~~406~~398,~~994~~679.9509 0.71 ~~114~~113 5.~~530000~~5300 1.372189 Oklahoma 1 18,240,000.00 1.76 7978 4.~~750000~~7500 1.460000 Utah 3 1514,~~012~~995,~~582~~797.7401 1.45 ~~114~~113 5.~~552086~~5521 1.~~308806~~308805 Virginia 1 1,~~977~~974,~~274~~210.2317 0.19 ~~112~~111 5.~~850000~~8500 1.572639 Wyoming 1 3,~~111~~108,~~545~~051.0166 0.30 ~~114~~113 5.~~530000~~5300 1.372189 Totals 20 160,~~675~~599,~~162~~733.3615 15.4849 9796 5.~~241828~~2417 1.~~400073~~400069

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. 1.24 or less 2 8,~~773~~763,~~601~~811.9754 0.85 ~~114~~113 5.5530 1.211104 1.25 to 1.29 3 45,000,000.00 4.34 8988 5.2813 1.287270 1.30 to 1.34 1 12,500,000.00 1.2021 7877 5.0600 1.313967 1.35 to 1.39 1 35,~~851~~810,~~069~~819.8367 3.45 ~~114~~113 5.5300 1.372189 1.40 to 1.44 1 11,000,000.00 1.06 ~~115~~114 5.1700 1.420000 1.45 to 1.49 1 18,240,000.00 1.76 7978 4.7500 1.460000 1.50 to 1.54 1 9,~~798~~786,~~013~~610.0153 0.94 ~~115~~114 5.3100 1.534442 1.55 to 1.59 2 11,~~362~~348,~~477~~491.5541 1.09 ~~114~~113 5.~~4040~~4039 1.~~556809~~556808 1.60 and greater 1 8,150,000.00 0.79 5554 4.5900 1.940000 Totals 13 160,~~675~~599,~~162~~733.3615 15.4849 9796 5.~~2418~~2417 1.~~400073~~400069

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Mobile Home Park 8 35,~~851~~810,~~069~~819.8367 3.45 ~~114~~113 5.5300 1.372189 Multi-Family 12 124,~~824~~788,~~092~~913.5348 12.0304 9392 5.~~1591~~1590 1.~~408082~~408069 Totals 20 160,~~675~~599,~~162~~733.3615 15.4849 9796 5.~~2418~~2417 1.~~400073~~400069

~~Age~~Note ofRate ~~Most~~Note ~~Recent~~Rate ~~NOI Age of Most~~ # of Scheduled % of WAM WAC Weighted ~~Recent NOI~~ Loans Balance Agg. (2) Avg DSCR (1) Bal. ~~Underwriter's~~5.249 ~~Information~~or 13less ~~160~~5 60,~~675~~390,~~162~~000.3600 155.4882 9781 54.~~2418~~9230 1.~~400073~~457553 15.250 ~~year~~to or5.499 ~~less~~5 ~~0 0~~56,904,673.0057 05.0049 0100 05.~~0000~~3437 01.~~000000~~370029 15.500 to 5.749 2 ~~years 0 0~~41,330,849.0041 03.0099 0113 05.~~0000~~5380 01.~~000000~~349192 25.750 ~~years~~ or greater 01 01,974,210.0017 0.0019 0111 05.~~0000~~8500 01.~~000000~~572639 Totals 13 160,~~675~~599,~~162~~733.3615 15.4849 9796 5.~~2418~~2417 1.~~400073~~400069

~~Note~~Seasoning ~~Rate~~Seasoning ~~Note Rate~~ # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. ~~5.249~~12 months or less 513 60160,~~390~~599,~~000~~733.0015 515.8249 8296 45.~~9230~~2417 1.~~457553~~400069 ~~5.250~~13 to ~~5.499~~24 5months ~~56,930,653~~0 0.2700 50.4900 ~~101~~0 50.~~3437~~0000 10.~~370088~~000000 ~~5.500~~25 to ~~5.749~~36 2months ~~41,377,234~~0 0.8600 30.9900 ~~114~~0 50.~~5380~~0000 10.~~349192~~000000 ~~5.750~~37 months or greater 10 ~~1,977,274~~0.2300 0.1900 ~~112~~0 50.~~8500~~0000 10.~~572639~~000000 Totals 13 160,~~675~~599,~~162~~733.3615 15.4849 9796 5.~~2418~~2417 1.~~400073~~400069

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 1 8,150,000.00 0.79 5554 4.5900 1.940000 61 to 84 months 4 61,640,000.00 5.94 7877 5.0543 1.345460 109 months or greater 8 90,~~885~~809,~~162~~733.3615 8.76 ~~114~~113 5.~~4275~~4274 1.~~388696~~388678 Totals 13 160,~~675~~599,~~162~~733.3615 15.4849 9796 5.~~2418~~2417 1.~~400073~~400069

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 1 8,150,000.00 0.79 5554 4.5900 1.940000 300 months or less 1 1,~~977~~974,~~274~~210.2317 0.19 ~~112~~111 5.8500 1.572639 301 to 348 months 1 18,240,000.00 1.76 7978 4.7500 1.460000 349 months or greater 10 132,~~307~~235,~~888~~522.1398 12.75 ~~102~~101 5.~~3407~~3406 1.~~355974~~355948 Totals 13 160,~~675~~599,~~162~~733.3615 15.4849 9796 5.~~2418~~2417 1.~~400073~~400069

~~Seasoning~~Age ~~Seasoning~~of Most Recent NOI Age of Most # of Scheduled % of WAM WAC Weighted Recent NOI Loans Balance Agg. (2) Avg DSCR (1) Bal. 12Underwriter's ~~months~~Information ~~or less~~ 13 160,~~675~~599,~~162~~733.3615 15.4849 9796 5.~~2418~~2417 1.~~400073~~400069 131 toyear 24or ~~months~~less 0 0.00 0.00 0 0.0000 0.000000 251 to 362 ~~months~~years 0 0.00 0.00 0 0.0000 0.000000 372 ~~months~~years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 13 160,~~675~~599,~~162~~733.3615 15.4849 9796 5.~~2418~~2417 1.~~400073~~400069 (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 502801313 1 RT Waterbury CT ~~505~~488,~~797~~645.8884 ~~220~~237,~~478~~630.7175 4.550% 502804517 2 RT Greensboro NC ~~469~~453,~~140~~360.9185 ~~138~~154,~~531~~311.3440 5.600% 316000017 3 OF New York NY ~~436~~422,~~458~~379.7644 0.00 5.304% 502794112 4 OF Jacksonville FL ~~397~~385,~~833~~000.3300 0.00 6.160% 316000011 5 OF New York NY ~~297~~288,~~600~~000.00 0.00 5.760% 837000006 6 RT Hialeah FL ~~250~~242,~~731~~643.2010 0.00 4.952% 737000007 7 MH Various Various ~~170~~165,~~885~~213.4668 3440,~~578~~250.3816 5.530% 502781529 8 RT Palmdale CA ~~142~~138,~~740~~136.5300 0.00 5.570% 837000009 9 RT Bay City MI ~~118~~114,~~563~~620.6604 2630,~~930~~874.9355 5.302% 502798601 10 RT Gilbert AZ ~~116~~112,~~874~~993.7152 2428,~~539~~421.9211 5.430% 737000011 11 MH Various Various ~~107~~104,~~896~~303.8347 2630,~~809~~402.0238 5.050% 502796931 12 OF San Diego CA ~~100~~97,~~419~~180.3300 0.00 5.160% 502789416 13 RT Colma CA 8986,~~333~~452.7300 0.00 4.800% 737000014 14 MF Overland Park KS 9390,~~454~~440.6700 0.00 5.320% 502764212 15 RT Tuscaloosa AL ~~103~~100,~~624~~198.5561 1619,~~314~~740.6862 6.120% 502790118 16 Various Various Various 9289,~~823~~636.1914 3943,~~813~~000.2934 5.810% 502778326 17 MF Oklahoma City OK 7472,~~606~~200.6700 0.00 4.750% 502792814 18 RT Poway CA 8683,~~529~~737.0983 0.00 5.690% 837000019 19 OF Englewood CO 8784,~~650~~718.2303 1922,~~584~~516.4666 6.420% 502796111 20 MF Aurora CO 6563,~~443~~332.5850 0.00 5.390% 502806836 21 IN Covina CA 7067,~~075~~755.6099 1113,~~646~~966.5213 6.090% 737000022 22 MF Overland Park KS 5452,~~465~~708.2833 0.00 5.060% 502796214 23 MF Boston MA 5856,~~072~~123.8759 1517,~~396~~345.4977 5.920% 502804516 24 MF Tucson AZ 4847,~~971~~391.3967 0.00 5.170% 737000025 25 MF Overland Park KS 4544,~~750~~275.8300 0.00 5.060% 502793002 26 OF Fairfax VA 5048,~~005~~348.5316 910,~~209~~867.9330 5.770% 737000027 27 MF Sacramento CA 4443,~~846~~356.7421 911,~~911~~402.9548 5.310% 737000028 28 MF Sacramento CA 4241,~~957~~529.2652 910,~~494~~922.3408 5.310% 502780123 29 RT Fort Myers FL 4140,~~885~~496.9918 89,~~355~~745.8566 5.550% 502792613 30 RT Montgomery AL 3534,~~805~~611.1456 910,~~410~~603.0260 4.920% 502800303 31 MH Doylestown PA 3634,~~027~~828.4669 89,~~528~~727.2805 5.150% 502799813 32 MF Denver CO 3231,~~212~~173.8875 0.00 4.590% 502768421 33 RT Punta Gorda FL 3634,~~072~~858.5335 1012,~~930~~144.2341 5.550% 502756429 34 OF Seattle WA 3635,~~515~~304.9182 78,~~016~~227.2736 5.670% 737000035 35 RT Olympia WA 3433,~~823~~667.8515 78,~~384~~541.6434 5.420% 502779324 36 RT Phoenix AZ 3130,~~813~~759.1215 56,~~739~~793.0704 5.800% 502794406 37 RT Various Various 3029,~~472~~426.1816 1213,~~843~~889.9092 5.890% 502766410 38 RT Mechanicsville VA 3029,176.0863 56,~~316~~315.1964 5.875% 502803810 39 MF North Salt Lake UT 2625,~~626~~742.0972 56,~~251~~135.9229 5.590% 502798307 40 RT Bethpage NY 2322,~~458~~701.3967 0.00 5.140% 503785701 41 SS Various SC 2423,~~511~~688.8490 67,~~611~~434.1711 5.850% 737000042 42 RT New Haven CT 2019,~~467~~787.0291 4,~~082~~762.9708 5.550% 502794019 43 RT Germantown TN 1918,~~232~~593.4191 34,~~969~~608.8333 5.470% 502800408 44 MF Champaign IL 1514,~~367~~857.1302 3,~~145~~655.0314 5.490% 737000045 45 RT Harrison OH 14,~~866~~372.2417 3,~~261~~756.9805 5.340% 737000046 46 RT Ridgecrest CA 1615,~~319~~773.6705 34,~~856~~403.8446 6.280% 502790941 47 RT Tacoma WA 14,~~537~~055.8782 23,~~779~~261.2025 5.650% 737000048 48 RT Cincinnati OH 13,~~608~~156.3307 23,~~985~~438.9622 5.340% 502793611 49 MU Richmond VA 1211,~~381~~970.2933 2,~~523~~934.1713 5.500% 737000050 50 MF Colonial Heights VA 9,~~974~~639.2721 23,~~729~~064.0006 5.850% 502793003 51 RT Asbury Park NJ 98,~~115~~806.4898 3,~~005~~313.1161 5.770% 737000052 52 RT Houston TX 98,~~234~~928.7790 1,~~637~~943.8774 5.840% 737000053 53 SS Tucson AZ 8,~~298~~005.5719 5,~~352~~645.2563 5.760% 737000054 54 RT Sinton TX 3,~~970~~834.9124 1,~~774~~911.3603 5.800% Totals 4,~~811~~652,~~329~~896.2305 ~~731~~817,~~731~~905.0788

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 502801313 N/A 04/11/2014 N ~~129~~128,~~094~~873,~~107~~628.4070 128,~~873~~635,~~628~~998.7000 0910/11/2004 502804517 N/A 12/11/2013 N 97,~~287~~148,~~284~~753.9561 9796,~~148~~994,~~753~~442.6121 0910/11/2004 316000017 01/11/2014 01/11/2034 N 95,555,555.66 95,555,555.66 0910/11/2004 502794112 04/11/2014 04/11/2036 N 75,000,000.00 75,000,000.00 0910/11/2004 316000011 02/11/2014 02/11/2028 N 60,000,000.00 60,000,000.00 0910/11/2004 837000006 N/A 02/01/2011 N 58,800,000.00 58,800,000.00 0910/01/2004 737000007 N/A 03/01/2014 N 35,~~885~~851,~~648~~069.2183 35,~~851~~810,~~069~~819.8367 0910/01/2004 502781529 04/11/2014 04/11/2036 N 29,760,000.00 29,760,000.00 0910/11/2004 837000009 N/A 12/01/2013 N 25,~~968~~941,~~848~~917.7077 25,~~941~~911,~~917~~043.7722 0910/01/2004 502798601 04/11/2014 04/11/2034 N 24,~~995~~970,~~483~~943.2735 24,~~970~~942,~~943~~522.3524 0910/11/2004 737000011 N/A 03/01/2009 N 24,~~811~~784,~~791~~982.4038 24,~~784~~754,~~982~~580.3800 0910/01/2004 502796931 03/11/2009 03/11/2014 N 22,600,000.00 22,600,000.00 0910/11/2004 502789416 04/11/2009 04/11/2029 N 21,613,000.00 21,613,000.00 0910/11/2004 737000014 N/A 02/11/2011 N 20,400,000.00 20,400,000.00 09/11/2004 502764212 03/11/2019 03/11/2034 N 19,~~663~~646,~~101~~787.7103 19,~~646~~627,~~787~~046.0341 0910/11/2004 502790118 02/11/2013 02/11/2024 N 18,~~553~~513,~~300~~487.8758 18,~~513~~470,487.5824 0910/11/2004 502778326 04N/~~11/2011~~A 0504/11/2011 N 18,240,000.00 18,240,000.00 0910/11/2004 502792814 N/A 04/11/2014 N 17,660,000.00 17,660,000.00 0910/11/2004 837000019 N/A 01/01/2019 N 15,~~854~~835,~~730~~146.4701 15,~~835~~812,~~146~~629.0135 0910/01/2004 502796111 03/11/2014 03/11/2034 N 14,100,000.00 14,100,000.00 0910/11/2004 502806836 N/A 09/01/2013 N 13,~~362~~350,~~581~~934.2068 13,~~350~~336,~~934~~968.6855 0910/01/2004 737000022 N/A 03/11/2011 N 12,500,000.00 12,500,000.00 09/11/2004 502796214 02/11/2014 02/11/2029 N 11,~~391~~376,~~800~~403.4798 11,~~376~~359,~~403~~058.9821 0910/11/2004 502804516 04/11/2014 04/11/2034 N 11,000,000.00 11,000,000.00 0910/11/2004 737000025 N/A 03/11/2011 N 10,500,000.00 10,500,000.00 09/11/2004 502793002 02/11/2014 02/11/2024 N 10,~~064~~055,~~286~~077.9704 10,~~055~~044,~~077~~209.0474 0910/11/2004 737000027 N/A 04/11/2014 N 9,~~807~~798,~~924~~013.9601 9,~~798~~786,~~013~~610.0153 0910/11/2004 737000028 N/A 04/11/2014 N 9,~~394~~385,~~697~~203.6632 9,~~385~~374,~~203~~281.3224 0910/11/2004 502780123 N/A 04/11/2014 N 8,~~764~~755,~~287~~931.2338 8,~~755~~746,~~931~~185.3872 0910/11/2004 502792613 03/11/2014 03/11/2034 N 8,~~451~~441,~~253~~843.1210 8,~~441~~431,~~843~~239.1050 0910/11/2004 502800303 04/11/2014 04/11/2024 N 8,~~123~~115,~~950~~421.1890 8,~~115~~105,~~421~~694.9085 0910/11/2004 502799813 N/A 04/11/2009 N 8,150,000.00 8,150,000.00 0910/11/2004 502768421 02/11/2014 02/11/2034 N 7,~~547~~536,~~870~~940.7047 7,~~536~~524,~~940~~796.4706 0910/11/2004 502756429 02/11/2014 02/11/2034 N 7,~~478~~471,~~936~~919.2194 7,~~471~~463,~~919~~692.9458 0910/11/2004 737000035 03/11/2014 03/11/2034 N 7,~~461~~453,~~365~~981.6501 7,~~453~~445,~~981~~439.0167 0910/11/2004 502779324 03/11/2014 03/11/2034 N 6,~~369~~363,~~701~~962.7063 6,~~363~~357,~~962~~169.6359 0910/11/2004 502794406 01/11/2013 01/11/2024 N 65,~~007~~995,~~987~~143.8696 5,~~995~~981,~~143~~254.9604 0910/11/2004 502766410 N/A 02/11/2014 N 5,~~964~~959,~~798~~481.1697 5,~~959~~953,~~481~~166.9733 0910/11/2004 502803810 03/11/2014 03/11/2034 N 5,~~531~~526,~~416~~165.9503 5,~~526~~520,~~165~~029.0374 0910/11/2004 502798307 N/A 03/11/2014 N 5,300,000.00 5,300,000.00 0910/11/2004 503785701 03/11/2014 03/11/2034 N 4,~~865~~859,~~873~~262.4427 4,~~859~~851,~~262~~828.2716 09/11/2004 737000042 04/11/2014 04/11/2034 N 4,~~282~~278,~~549~~466.4447 4,~~278~~273,~~466~~704.4739 0910/11/2004 502794019 04/11/2014 04/11/2024 N 4,~~083~~079,~~072~~103.8805 4,~~079~~074,~~103~~494.0572 0910/11/2004 502800408 04/11/2014 04/11/2034 N 3,~~250~~247,~~581~~436.9794 3,~~247~~243,~~436~~781.9480 0910/11/2004 737000045 03/11/2014 03/11/2034 N 3,~~232~~229,~~963~~701.6668 3,~~229~~225,~~701~~945.6863 0910/11/2004 737000046 N/A 12/11/2013 N 3,~~017~~013,~~814~~957.8197 3,~~013~~009,~~957~~554.9751 0910/11/2004 502790941 04/11/2014 04/11/2034 N 2,~~988~~985,~~085~~306.4323 2,~~985~~982,~~306~~044.2398 0910/11/2004 737000048 03/11/2014 03/11/2034 N 2,~~959~~956,~~405~~419.2125 2,~~956~~952,~~419~~981.2503 0910/11/2004 502793611 04/11/2014 04/11/2034 N 2,~~614~~611,~~231~~708.9780 2,~~611~~608,~~708~~774.8067 0910/11/2004 737000050 N/A 01/11/2014 N 1,~~980~~977,~~003~~274.23 1,~~977~~974,~~274~~210.2317 0910/11/2004 502793003 N/A 03/11/2014 N 1,~~834~~831,~~613~~608.4635 1,~~831~~828,~~608~~294.3574 0910/11/2004 737000052 N/A 03/11/2014 N 1,~~836~~834,~~344~~706.1730 1,~~834~~832,~~706~~762.3056 0910/11/2004 737000053 N/A 03/11/2020 N 1,~~673~~667,~~099~~747.7752 1,~~667~~662,~~747~~101.5289 0910/11/2004 737000054 N/A 10/11/2008 N ~~795,065.18~~ 793,290.82 09791,379.79 10/11/2004 Totals 1,~~038~~037,~~429~~697,~~416~~685.2822 1,~~037~~036,~~697~~879,~~685~~779.2239

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 10/18/2004 0 $0.00 0 $0.00 0 $0.00 09/17/2004 0 $0.00 0 $0.00 0 $0.00 08/17/2004 0 $0.00 0 $0.00 0 $0.00 07/16/2004 0 $0.00 0 $0.00 0 $0.00 06/17/2004 0 $0.00 0 $0.00 0 $0.00 05/17/2004 0 $0.00 0 $0.00 0 $0.00

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 10/18/2004 0 $0.00 0 $0.00 0 $0.00 09/17/2004 0 $0.00 0 $0.00 0 $0.00 08/17/2004 0 $0.00 0 $0.00 0 $0.00 07/16/2004 0 $0.00 0 $0.00 0 $0.00 06/17/2004 0 $0.00 0 $0.00 0 $0.00 05/17/2004 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 10/18/2004 0 $0.00 0 $0.00 5.380696% 5.337078% 106 09/17/2004 0 $0.00 0 $0.00 5.380638% 5.337020% 107 08/17/2004 0 $0.00 0 $0.00 5.380578% 5.336959% 108 07/16/2004 0 $0.00 0 $0.00 5.380518% 5.336899% 109 06/17/2004 0 $0.00 0 $0.00 5.380460% 5.336841% 110 05/17/2004 0 $0.00 0 $0.00 5.380401% 5.336781% 111 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

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 this Period Liquidated Loan Detail No Liquidated Loans this Period

Filing Compare · Wachovia Commercial Mort Pass Thr Certs Ser 2004-C11