8-K 1 gcc04003_dec.txt DECEMBER 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: December 10, 2004 (Date of earliest event reported) Commission File No.: 333-114525-01 GE Commercial Mortgage Corp. Commercial Mortgage Pass-Through Certificates Series 2004-C3 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2157775 54-2157776 54-6621674 (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 December 10, 2004, a distribution was made to holders of GE Commercial Mortgage Corp., Commercial Mortgage Pass-Through Certificates, Series 2004-C3. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2004-C3, relating to the December 10, 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. GE Commercial Mortgage Corp. Commercial Mortgage Pass-Through Certificates Series 2004-C3 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: December 10, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2004-C3, relating to the December 10, 2004 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 GE Capital Commercial Mortgage Corp. Commercial Mortgage Pass-Through Certificates Series 2004-C3 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: December 10, 2004 Record Date: November 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 Mortgage Loan Detail 17 - 21 Principal Prepayment Detail 22 Historical Detail 23 Delinquency Loan Detail 24 - 25 Specially Serviced Loan Detail 26 - 27 Modified Loan Detail 28 Liquidated Loan Detail 29 Depositor GE Commercial Mortgage Corporation 292 Long Ridge Road Stamford, CT 06927 Contact: General Information Number Phone Number: (203) 357-4000 Servicer GEMSA Loan Services, L.P. 1500 City West Blvd. Suite 200 Houston, TX 77042 Contact: Shelly Shrimpton Phone Number: (713) 458-7380 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 36828QHT6 3.752000% 89,332,000.00 8785,~~635~~792,~~456~~208.0470 ~~974~~982,~~391~~532.0149 ~~274~~268,~~006~~243.8664 A-2 36828QHU3 4.433000% 240,728,000.00 240,728,000.00 0.00 889,289.35 A-3 36828QHV1 4.865000% 221,265,000.00 221,265,000.00 0.00 897,045.19 A-4 36828QHW9 5.189000% 301,331,000.00 301,331,000.00 0.00 1,303,005.47 A-1A 36828QJL1 4.991000% 332,393,000.00 331,~~860~~272,~~832~~097.1753 ~~310~~313,~~843~~402.7526 1,~~380~~377,~~264~~815.5187 B 36828QHX7 5.~~107685~~107642% 32,727,000.00 32,727,000.00 0.00 139,~~299~~298.3515 C 36828QHY5 5.~~157685~~157642% 15,502,000.00 15,502,000.00 0.00 66,628.7013 D 36828QHZ2 5.~~247685~~247642% 27,559,000.00 27,559,000.00 0.00 120,~~517~~516.4746 E 36828QJA5 5.~~247685~~247642% 15,502,000.00 15,502,000.00 0.00 67,~~791~~790.3578 F 36828QJM9 5.~~247685~~247642% 15,502,000.00 15,502,000.00 0.00 67,~~791~~790.3578 G 36828QJN7 5.~~247685~~247642% 12,057,000.00 12,057,000.00 0.00 52,~~726~~725.1268 H 36828QJP2 5.~~247685~~247642% 18,947,000.00 18,947,000.00 0.00 82,~~856~~855.5889 J 36828QJQ0 4.876000% 6,890,000.00 6,890,000.00 0.00 27,996.37 K 36828QJR8 4.876000% 6,890,000.00 6,890,000.00 0.00 27,996.37 L 36828QJS6 4.876000% 6,890,000.00 6,890,000.00 0.00 27,996.37 M 36828QJT4 4.876000% 5,167,000.00 5,167,000.00 0.00 20,995.24 N 36828QJU1 4.876000% 5,168,000.00 5,168,000.00 0.00 20,999.31 O 36828QJV9 4.876000% 5,167,000.00 5,167,000.00 0.00 20,995.24 P 36828QJW7 4.876000% 18,947,535.00 18,947,535.00 0.00 76,~~958~~990.4815 R N/A 0.000000% 0.00 0.00 0.00 0.00 LR N/A 0.000000% 0.00 0.00 0.00 0.00 Totals 1,377,964,535.00 1,~~375~~373,~~735~~303,~~823~~841.2123 1,~~285~~295,~~234~~934.7675 5,~~565~~556,~~159~~974.6844

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 36828QHT6 0.00 0.00 1,~~248~~250,~~397~~776.8713 8684,~~661~~809,~~065~~676.0321 14.0406% A-2 36828QHU3 0.00 0.00 889,289.35 240,728,000.00 14.0406% A-3 36828QHV1 0.00 0.00 897,045.19 221,265,000.00 14.0406% A-4 36828QHW9 0.00 0.00 1,303,005.47 301,331,000.00 14.0406% A-1A 36828QJL1 0.00 0.00 1,691,~~108~~218.2613 ~~331~~330,~~549~~958,~~988~~695.4227 14.0406% B 36828QHX7 0.00 0.00 139,~~299~~298.3515 32,727,000.00 11.6568% C 36828QHY5 0.00 0.00 66,628.7013 15,502,000.00 10.5355% D 36828QHZ2 0.00 0.00 120,~~517~~516.4746 27,559,000.00 8.5254% E 36828QJA5 0.00 0.00 67,~~791~~790.3578 15,502,000.00 7.3941% F 36828QJM9 0.00 0.00 67,~~791~~790.3578 15,502,000.00 6.2728% G 36828QJN7 0.00 0.00 52,~~726~~725.1268 12,057,000.00 5.3940% H 36828QJP2 0.00 0.00 82,~~856~~855.5889 18,947,000.00 4.0102% J 36828QJQ0 0.00 0.00 27,996.37 6,890,000.00 3.5152% K 36828QJR8 0.00 0.00 27,996.37 6,890,000.00 3.01% L 36828QJS6 0.00 0.00 27,996.37 6,890,000.00 2.51% M 36828QJT4 0.00 0.00 20,995.24 5,167,000.00 2.13% N 36828QJU1 0.00 0.00 20,999.31 5,168,000.00 1.7576% O 36828QJV9 0.00 0.00 20,995.24 5,167,000.00 1.38% P 36828QJW7 0.00 0.00 76,~~958~~990.4815 18,947,535.00 0.00% R N/A 0.00 0.00 0.00 0.00 0.00% LR N/A 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 6,~~850~~852,~~394~~909.4419 1,~~374~~372,~~450~~007,~~588~~906.4548

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount X-1 36828QJK3 0.~~046405~~044239% 1,377,964,535.00 1,~~375~~373,~~735~~303,~~823~~841.2123 5350,~~201~~627.3073 X-2 36828QKK1 0.~~358959~~359054% 1,329,839,000.00 1,329,839,000.00 397,~~797~~903.9608

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount X-1 36828QJK3 0.00 5350,~~201~~627.3073 1,~~374~~372,~~450~~007,~~588~~906.4548 X-2 36828QKK1 0.00 397,~~797~~903.9608 1,329,839,000.00 (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 36828QHT6 ~~981~~960.~~00855281~~37487910 10.~~90752485~~99866218 3.~~06728675~~00277213 0.00000000 0.00000000 ~~970~~949.~~10102796~~37621692 A-2 36828QHU3 1,000.00000000 0.00000000 3.69416665 0.00000000 0.00000000 1,000.00000000 A-3 36828QHV1 1,000.00000000 0.00000000 4.05416668 0.00000000 0.00000000 1,000.00000000 A-4 36828QHW9 1,000.00000000 0.00000000 4.32416668 0.00000000 0.00000000 1,000.00000000 A-1A 36828QJL1 ~~998~~996.~~39898003~~62777956 0.~~93516936~~94286661 4.~~15250775~~14514105 0.00000000 0.00000000 ~~997~~995.~~46381067~~68491295 B 36828QHX7 1,000.00000000 0.00000000 4.~~25640450~~25636783 0.00000000 0.00000000 1,000.00000000 C 36828QHY5 1,000.00000000 0.00000000 4.~~29807122~~29803445 0.00000000 0.00000000 1,000.00000000 D 36828QHZ2 1,000.00000000 0.00000000 4.~~37307123~~37303458 0.00000000 0.00000000 1,000.00000000 E 36828QJA5 1,000.00000000 0.00000000 4.~~37307122~~37303445 0.00000000 0.00000000 1,000.00000000 F 36828QJM9 1,000.00000000 0.00000000 4.~~37307122~~37303445 0.00000000 0.00000000 1,000.00000000 G 36828QJN7 1,000.00000000 0.00000000 4.~~37307124~~37303475 0.00000000 0.00000000 1,000.00000000 H 36828QJP2 1,000.00000000 0.00000000 4.~~37307120~~37303478 0.00000000 0.00000000 1,000.00000000 J 36828QJQ0 1,000.00000000 0.00000000 4.06333382 0.00000000 0.00000000 1,000.00000000 K 36828QJR8 1,000.00000000 0.00000000 4.06333382 0.00000000 0.00000000 1,000.00000000 L 36828QJS6 1,000.00000000 0.00000000 4.06333382 0.00000000 0.00000000 1,000.00000000 M 36828QJT4 1,000.00000000 0.00000000 4.06333269 0.00000000 0.00000000 1,000.00000000 N 36828QJU1 1,000.00000000 0.00000000 4.06333398 0.00000000 0.00000000 1,000.00000000 O 36828QJV9 1,000.00000000 0.00000000 4.06333269 0.00000000 0.00000000 1,000.00000000 P 36828QJW7 1,000.00000000 0.00000000 4.~~06166185~~06333330 0.00000000 0.00000000 1,000.00000000 R N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 LR 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-1 36828QJK3 ~~998~~996.~~38260584~~61769686 0.~~03860861~~03674095 0.00000000 ~~997~~995.~~44990059~~67722654 X-2 36828QKK1 1,000.00000000 0.~~29913242~~29921147 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding ~~823~~561,~~028~~879.6096 Servicing Advances Outstanding 02,325.0057 Reimbursement for Interest on Advances 310.6700 paid from general collections

Servicing Fee Summary Current Period Accrued Servicing Fees 57,~~488~~500.3356 Less Delinquent Servicing Fees 7,~~367~~225.2899 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 2212,~~837~~030.8604 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 7262,~~958~~304.9161

Certificate Interest Reconciliation Class Accrued Net Aggregate Distributable Distributable Certificate Prepayment Certificate Certificate Interest Interest Interest Interest Shortfall Adjustment A-1 ~~274~~268,~~006~~243.8664 0.00 ~~274~~268,~~006~~243.8664 0.00 A-2 889,289.35 0.00 889,289.35 0.00 A-3 897,045.19 0.00 897,045.19 0.00 A-4 1,303,005.47 0.00 1,303,005.47 0.00 A-1A 1,~~380~~377,~~264~~815.5187 0.00 1,~~380~~377,~~264~~815.5187 0.00 X-1 5350,~~201~~627.3073 0.00 5350,~~201~~627.3073 0.00 X-2 397,~~797~~903.9608 0.00 397,~~797~~903.9608 0.00 B 139,~~299~~298.3515 0.00 139,~~299~~298.3515 0.00 C 66,628.7013 0.00 66,628.7013 0.00 D 120,~~517~~516.4746 0.00 120,~~517~~516.4746 0.00 E 67,~~791~~790.3578 0.00 67,~~791~~790.3578 0.00 F 67,~~791~~790.3578 0.00 67,~~791~~790.3578 0.00 G 52,~~726~~725.1268 0.00 52,~~726~~725.1268 0.00 H 82,~~856~~855.5889 0.00 82,~~856~~855.5889 0.00 J 27,996.37 0.00 27,996.37 0.00 K 27,996.37 0.00 27,996.37 0.00 L 27,996.37 0.00 27,996.37 0.00 M 20,995.24 0.00 20,995.24 0.00 N 20,999.31 0.00 20,999.31 0.00 O 20,995.24 0.00 20,995.24 0.00 P 76,990.15 0.00 76,990.15 0.00 Total 6,~~016~~005,~~190~~505.6125 0.00 6,~~016~~005,~~190~~505.6125 0.00

Class Additional Interest Remaining Unpaid Trust Fund Distribution Distributable Expenses Certificate Interest A-1 0.00 ~~274~~268,~~006~~243.8664 0.00 A-2 0.00 889,289.35 0.00 A-3 0.00 897,045.19 0.00 A-4 0.00 1,303,005.47 0.00 A-1A 0.00 1,~~380~~377,~~264~~815.5187 0.00 X-1 0.00 5350,~~201~~627.3073 0.00 X-2 0.00 397,~~797~~903.9608 0.00 B 0.00 139,~~299~~298.3515 0.00 C 0.00 66,628.7013 0.00 D 0.00 120,~~517~~516.4746 0.00 E 0.00 67,~~791~~790.3578 0.00 F 0.00 67,~~791~~790.3578 0.00 G 0.00 52,~~726~~725.1268 0.00 H 0.00 82,~~856~~855.5889 0.00 J 0.00 27,996.37 0.00 K 0.00 27,996.37 0.00 L 0.00 27,996.37 0.00 M 0.00 20,995.24 0.00 N 0.00 20,999.31 0.00 O 0.00 20,995.24 0.00 P 310.6700 76,~~958~~990.4815 ~~274~~304.1560 Total 310.6700 6,~~016~~005,~~158~~505.9425 ~~274~~304.1560

Other Required Information Available Distribution Amount (1) 7,301,~~393~~440.7000 Principal Distribution Amount 1,~~285~~295,~~234~~934.7675 (a) Principal portion of Monthly Payments 1,~~285~~295,~~234~~934.7675 and any Assumed Monthly Payments (b) Principal Prepayments 0.00 (c) Collection of Principal on a Balloon 0.00 Loan after its stated Maturity Date (d) Liquidation Proceeds and Insurance 0.00 Proceeds received on a Mortgage Loan (e) Liquidation Proceeds, Insurance Proceeds, 0.00 or REO Revenues received on an REO Plus the excess of the prior Principal Distribution 0.00 Amount over the principal paid to the Sequential Pay Certificates Aggregate Number of Outstanding Loans 127 Aggregate Unpaid Principal Balance of Loans 1,~~374~~372,~~603~~111,~~475~~488.1079 Aggregate Stated Principal Balance of Loans 1,~~374~~372,~~450~~007,~~589~~907.1619 Aggregate Amount of Servicing Fee 7262,~~958~~304.9161 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 2,~~006~~002.2874 Aggregate Trust Fund Expenses 310.6700 Interest Reserve Deposit 0.00 Interest Reserve Withdrawal 0.00 Excess Liquidation Proceeds Account Balance 0.00 ~~SpecialNumberiofdOutstandingDLoansuent~~Specially Serviced Loans not Delinquent Number of Outstanding Loans 0 Aggregate Unpaid Principal Balance 0.00

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 6,065,008.55 Interest reductions due to Nonrecoverability Determinations 0.00 Interest Adjustments 0.00 Deferred Interest 0.00 Net Prepayment Interest Shortfall 0.00 Net Prepayment Interest Excess 0.00 Extension Interest 0.00 Interest Reserve Withdrawal 0.00 Total Interest Collected 6,065,008.55 Principal: Scheduled Principal 1,295,934.75 Unscheduled Principal 0.00 Principal Prepayments 0.00 Collection of Principal after Maturity Date 0.00 Recoveries from Liquidation and Insurance Proceeds 0.00 Excess of Prior Principal Amounts paid 0.00 Curtailments 0.00 Negative Amortization 0.00 Principal Adjustments 0.00 Total Principal Collected 1,295,934.75 Other: Prepayment Penalties/Yield Maintenance 0.00 Repayment Fees 0.00 Borrower Option Extension Fees 0.00 Equity Payments Received 0.00 Net Swap Counterparty Payments Received 0.00 Total Other Collected: 0.00 Total Funds Collected 7,360,943.30 Total Funds Distributed Fees: Master Servicing Fee 57,500.56 Trustee Fee 2,002.74 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 59,503.29 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 6,005,505.25 Principal Distribution 1,295,934.75 Prepayment Penalties/Yield Maintenance 0.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 0.00 Total Payments to Certificateholders & Others 7,301,440.00 Total Funds Distributed 7,360,943.29

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type (1) City State Payment Payment Coupon 790239768 1 RT Various Various 229,900.00 0.00 4.180% 790241176 2 OF New York NY 290,470.04 0.00 5.363% 792000784 3 OF Saint Louis MO ~~237~~236,~~499~~294.5994 ~~162~~163,~~635~~840.5318 4.546% 791045190 4 LO Various Various 214,~~483~~034.7519 5556,~~928~~401.8176 5.158% 793184546 5 MH Various Various 173,417.67 0.00 5.051% 790032033 6 SS Various Various 138,~~700~~217.8950 6364,~~890~~374.7615 4.700% 793000135 7 MF Hacienda Heights CA 131,~~439~~107.1400 45,~~423~~755.1630 4.600% 792000809 8 OF Various AL 156,949.17 0.00 5.690% 790031290 9 RT Dallas TX 144,378.00 0.00 6.240% 790209513 10 OF Brooklyn NY ~~130~~129,~~069~~823.4044 27,~~111~~357.7773 5.900% 790032348 11 MF Lexington KY 105,~~399~~049.7909 4445,~~781~~132.3808 4.880% 790032062 12 MH West Palm Beach FL 101,~~413~~173.9357 31,~~115~~356.8420 4.890% 792000773 13 IN Maspeth NY ~~109~~108,~~168~~933.5218 28,~~024~~259.4377 5.375% 792000819 14 RT Various Various 114,~~242~~037.9370 2122,~~934~~139.2649 6.130% 790031878 15 MF Columbia SC 87,563.33 0.00 4.820% 790031426 16 RT Plano TX 93,975.00 0.00 5.370% 793180346 17 IN Norcross GA 88,112.50 0.00 5.035% 790031638 18 RT Pembroke Pines FL 75,~~630~~450.0395 23,~~275~~454.1624 4.870% 790028882 19 RT Quakertown PA 83,~~596~~431.6685 18,~~665~~830.3819 5.710% 792000792 20 RT Decatur GA 84,~~330~~166.5914 18,~~490~~654.0651 5.760% 793171253 21 OF Jacksonville FL 31,~~676~~603.5866 9,~~061~~134.7264 5.116% 793171246 22 OF Jacksonville FL 24,~~132~~077.8630 6,~~903~~959.6925 5.116% 793171287 23 OF Lake Worth FL 12,~~759~~730.7638 3,~~650~~679.1856 5.116% 793171428 24 OF Kissimmee FL 2,~~206~~201.5042 ~~631~~636.2129 5.116% 793171436 25 OF Kissimmee FL 1,~~449~~446.6531 ~~414~~418.7004 5.116% 790028529 26 MU Brookline MA 71,~~160~~000.5687 19,~~820~~979.1584 5.130% 790031498 27 MF Newport News VA 7271,~~076~~917.7389 19,~~241~~400.3822 5.270% 790032258 28 RT Holly Springs GA 69,581.13 0.00 5.290% 792000786 29 MF Various NY 57,~~832~~682.6298 21,~~190~~340.9458 4.430% 793180932 30 RT Phoenix AZ 59,481.36 0.00 4.552% 790032165 31 MH San Jose CA 72,~~668~~523.5210 16,~~559~~704.4385 5.670% 790031780 32 OF Chicago IL 74,~~779~~573.2575 21,~~774~~979.2979 5.990% 790032171 33 MF East Haven CT 61,750.00 0.00 4.940% 790031494 34 SS Various OK 64,~~312~~112.2408 23,~~258~~458.4763 5.400% 790031875 35 SS Various Various 60,~~619~~427.51 23,~~027~~219.57 5.220% 792000815 36 MF Marlton NJ 66,~~151~~021.2597 14,~~556~~686.8816 5.750% 790031281 37 MU Seattle WA 53,~~279~~153.6039 16,~~245~~371.3556 4.920% 793180320 38 OF Miami FL 56,~~733~~623.7836 12,~~341~~451.3981 5.798% 790031999 39 MF Fresno CA 52,~~596~~486.1766 12,~~771~~881.7425 5.510% 791044865 40 MF Culpeper VA 47,658.33 0.00 5.320% 790029615 41 SS Los Angeles CA 53,~~678~~580.8423 10,~~679~~778.5920 6.030% 792000799 42 LO Portland OR 57,~~618~~475.9680 1314,~~935~~078.3046 6.600% 790031653 43 OF Frisco TX 4746,~~017~~917.8292 11,~~877~~977.3929 5.390% 793171121 44 OF Nashville TN 49,~~942~~841.6181 11,~~334~~434.1898 5.743% 790030749 45 RT Valrico FL 47,~~229~~130.6233 11,~~711~~810.5483 5.440% 793000138 46 RT Newbury Park CA 50,~~574~~477.2231 10,~~772~~869.1910 5.840% 790030996 47 OF La Jolla CA 48,273.33 0.00 5.570% 793179967 48 MF Centerville OH 42,~~222~~123.0561 12,~~560~~659.8933 4.970% 792000788 49 MU New York NY 45,~~924~~829.6431 11,~~138~~233.1548 5.500% 793179678 50 OF Fresno CA 48,~~704~~567.9122 1415,~~872~~009.1685 5.860% 790031580 51 MF Virginia Beach VA 42,~~765~~669.5917 11,~~898~~995.6608 5.160% 790031733 52 OF Lexington KY 47,~~152~~060.5360 10,~~286~~378.8881 5.790% 790031951 53 MF Haddonfield NJ 36,172.50 0.00 4.770% 790031746 54 IN Irving TX 41,100.00 0.00 5.480% 793180411 55 RT Salem OR 41,~~787~~702.5585 9,~~777~~862.4515 5.582% 790030543 56 RT Moreno Valley CA 46,~~982~~900.4631 8,~~607~~689.8196 6.280% 793172079 57 OF Newport Beach CA 38,~~579~~497.5439 9,~~738~~821.9510 5.405% 790032169 58 MH Oakland Park FL 40,~~329~~248.5282 9,~~190~~270.1484 5.670% 792000805 59 OF Anchorage AK 40,~~669~~590.0578 8,~~725~~803.2451 5.820% 790028558 60 OF Owings Mills MD 3938,~~015~~935.8088 9,~~130~~210.6254 5.640% 790031607 61 MH Avon CO 32,~~888~~811.5292 9,~~813~~889.0868 4.950% 792000802 62 OF Mount Laurel NJ 40,~~301~~230.5646 7,~~521~~592.6474 6.210% 793180213 63 OF Irving TX 32,~~421~~346.4447 9,~~498~~573.3330 5.010% 793180403 64 RT Vancouver WA 35,~~237~~165.8821 8,~~491~~564.5421 5.502% 790032200 65 MF Marion AR 35,~~837~~630.2417 22,~~378~~585.2431 5.690% 790031964 66 MH Riverside CA 3231,~~058~~987.8143 8,~~846~~918.9634 5.140% 792000789 67 IN Mesa AZ 35,~~903~~837.9612 7,~~263~~330.6852 6.000% 791045188 68 OF Santa Monica CA 26,~~988~~922.0827 8,~~744~~810.7657 4.750% 790030605 69 Various Albuquerque NM 36,~~365~~287.4900 7,~~908~~987.8332 6.430% 790031224 70 RT Aurora CO 31,112.50 0.00 5.700% 790030938 71 OF Fort Meyers FL 29,~~618~~528.4839 10,~~297~~387.2130 5.500% 793179835 72 MF Bloomington IN 27,~~522~~460.2277 7,~~668~~730.8934 5.102% 790031260 73 LO Woodbury MN 31,~~829~~740.98 9,~~405~~494.31 6.000% 793171634 74 OF East Ridge TN 12,~~758~~729.9255 3,~~649~~679.9532 5.116% 793171683 75 OF Chattanooga TN 4,~~992~~981.7121 1,~~428~~439.2676 5.116% 793171667 76 OF East Ridge TN 4,~~514~~504.6526 1,~~291~~301.5190 5.116% 793171691 77 OF Chattanooga TN 4,~~092~~083.4806 1,~~170~~180.7416 5.116% 793000140 78 OF Los Angeles CA 30,~~150~~095.3307 56,~~977~~032.1541 6.040% 793171006 79 OF Lewisville TX 28,~~279~~222.4234 6,~~417~~474.8492 5.743% 790031078 80 MF Fargo ND 26,~~920~~864.7684 6,~~478~~534.6557 5.550% 790032445 81 MH Mesa AZ 23,~~394~~341.7932 6,~~804~~858.5906 4.990% 793166188 82 SS Coral Springs FL 26,~~667~~613.4296 5,~~884~~938.7319 5.880% 790031882 83 MH Various IN 24,~~718~~640.5804 8,~~745~~823.4195 5.640% 793172038 84 RT Pittsburgh PA 25,~~122~~010.2311 12,~~088~~200.2032 5.750% 790031549 85 MF Hattiesburg MS 24,~~960~~911.8980 5,~~524~~574.9605 5.750% 790032152 86 SS Arlington VA 24,~~742~~693.3871 5,~~504~~553.3805 5.720% 793180429 87 RT Bend OR 26,~~976~~928.1683 45,~~990~~037.4275 6.235% 790032166 88 MH Rialto CA 24,~~197~~149.7129 5,~~514~~562.0951 5.670% 790030347 89 OF Sterling VA 24,~~942~~894.3047 5,~~275~~322.0487 5.890% 793179793 90 RT Phoenix AZ 21,~~368~~319.7271 6,~~165~~214.2425 5.050% 790031247 91 MF Severn MD 21,~~341~~292.1189 56,~~960~~008.2042 5.150% 793180478 92 OF Barrington IL 25,~~080~~035.5773 4,~~777~~822.9579 6.152% 790031611 93 RT Naperville IL 23,675.67 0.00 5.870% 790032168 94 MH Fort Lauderdale FL 22,~~638~~593.9694 5,~~129~~174.0709 5.670% 790210766 95 OF Solana Beach CA 23,~~087~~044.24 4,~~696~~739.27 5.968% 790032007 96 MF Lubbock TX 21,~~486~~444.7465 4,~~745~~787.4655 5.740% 790031118 97 MF Chico CA 20,~~278~~234.3187 5,~~125~~169.6206 5.430% 790031930 98 MF Oklahoma City OK 17,~~763~~704.5829 7,~~600~~660.7605 4.860% 790210655 99 RT Simi Valley CA 18,~~619~~576.1993 5,~~270~~312.6086 5.100% 793179843 100 SS Miami FL 17,~~258~~217.0822 5,~~284~~325.8975 4.895% 790032446 101 MH Phoenix AZ 17,~~446~~406.4052 5,~~074~~114.4533 4.990% 790031899 102 MF Schenectady NY 15,~~954~~900.1918 67,~~988~~042.7677 4.810% 790031400 103 MF Owings Mills MD 16,~~239~~200.2462 45,~~989~~028.8345 4.900% 793172632 104 SS Orlando FL 18,~~876~~840.2326 3,~~949~~985.3835 5.920% 790032167 105 MH Rialto CA 18,~~044~~008.6352 4,~~111~~148.9506 5.670% 793179629 106 MU Beverly Hills CA 18,~~362~~326.4872 34,~~982~~018.5632 5.820% 790031170 107 MH Hallandale Beach FL 16,000.00 0.00 5.120% 793000139 108 MF Irving TX 19,~~094~~059.2183 3,~~679~~713.0644 6.120% 793180288 109 RT Zanesville OH 18,~~599~~565.8700 3,~~806~~841.1805 5.968% 790029532 110 RT McKinney TX 17,~~052~~020.2071 3,~~378~~409.3382 6.090% 793172624 111 SS Winter Springs FL 1615,~~000~~970.5507 3,~~347~~378.7220 5.920% 790031472 112 RT Baton Rouge LA 15,~~172~~142.7073 3,~~400~~430.1108 5.700% 793179595 113 MH Tucson AZ 15,093.33 0.00 5.660% 793179587 114 MH Washington PA 14,690.00 0.00 5.650% 790031585 115 RT North Palm Beach FL 14,475.00 0.00 5.790% 790032233 116 SS Phoenix AZ 12,825.00 0.00 5.130% 790032001 117 MF New London CT 13,~~314~~287.9459 3,~~187~~214.3570 5.520% 790031578 118 RT West Palm Beach FL 14,~~163~~137.5885 2,~~768~~793.1285 6.080% 790031608 119 MH Montrose CO 12,~~043~~018.1803 2,~~953~~978.3954 5.470% 790031535 120 MF Rosenberg TX 11,~~197~~172.3743 3,~~063~~088.4640 5.190% 790032022 121 MH Coolidge AZ 10,~~207~~180.8535 2,~~849~~877.8838 6.140% 790032198 122 MF Bentonville AR 8,~~088~~030.5432 6,~~552~~610.1941 5.430% 790031021 123 RT Memphis TN 8,~~314~~297.6687 1,~~932~~949.6544 5.600% 790030601 124 RT Silver Spring MD 8,~~210~~193.4590 1,~~877~~894.4904 5.690% 790030862 125 RT Charlottesville VA 8,~~365~~349.4070 1,~~728~~744.8050 5.910% 790031883 126 MH West Lafayette IN 5,~~440~~423.5071 1,~~817~~834.3110 5.820% 790029735 127 SS Chandler AZ 4,~~907~~893.7274 1,~~492~~506.5755 5.930% Totals 6,~~075~~065,~~685~~008.1555 1,~~285~~295,~~234~~934.7675

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 790239768 N/A 06/01/2009 N 66,000,000.00 66,000,000.00 1012/01/2004 790241176 03/01/2014 01/01/2026 N 65,000,000.00 65,000,000.00 1012/01/2004 792000784 N/A 07/01/2009 N 62,~~692~~374,~~369~~378.8175 62,~~529~~210,~~734~~538.2857 1012/01/2004 791045190 N/A 07/01/2011 N 49,~~903~~799,~~859~~262.9664 49,~~847~~742,~~931~~860.1588 1012/01/2004 793184546 N/A 07/01/2014 N 41,200,000.00 41,200,000.00 1012/01/2004 790032033 N/A 04/01/2009 N 35,~~412~~289,~~992~~575.3056 35,~~349~~225,~~101~~201.5441 1012/01/2004 793000135 N/A 04/01/2011 N 34,~~288~~201,~~470~~825.3439 34,~~243~~156,~~047~~070.1809 1012/01/2004 792000809 N/A 07/01/2011 N 33,100,000.00 33,100,000.00 1012/01/2004 790031290 N/A 07/01/2014 N 27,765,000.00 27,765,000.00 1012/01/2004 790209513 N/A 07/01/2014 N 26,~~454~~404,~~792~~766.5591 26,~~427~~377,~~680~~409.7818 1012/01/2004 790032348 N/A 07/01/2014 N 25,~~917~~831,~~981~~743.2564 25,~~873~~786,~~199~~611.8756 1012/01/2004 790032062 N/A 05/01/2014 N 24,~~886~~827,~~852~~870.8662 24,~~855~~796,~~737~~514.0242 0912/01/2004 792000773 N/A 04/01/2014 N 24,~~372~~319,~~506~~966.2664 24,~~344~~291,~~481~~706.8387 1012/01/2004 792000819 N/A 07/01/2014 N 22,~~364~~323,~~032~~856.7252 22,~~342~~301,~~098~~717.4603 0912/01/2004 790031878 N/A 06/01/2009 N 21,800,000.00 21,800,000.00 1012/01/2004 790031426 N/A 05/01/2015 N 21,000,000.00 21,000,000.00 1012/01/2004 793180346 N/A 06/01/2011 N 21,000,000.00 21,000,000.00 1012/01/2004 790031638 N/A 06/01/2014 N 18,~~635~~591,~~736~~610.9806 18,~~612~~568,~~461~~155.82 1012/01/2004 790028882 N/A 07/01/2014 N 17,~~568~~533,~~475~~839.0507 17,~~549~~515,~~809~~008.6788 0912/01/2004 792000792 N/A 07/01/2011 N 17,~~568~~534,~~873~~612.7089 17,~~550~~515,~~383~~958.6438 1012/01/2004 793171253 N/A 02/01/2009 N 7,~~430~~413,~~730~~622.1770 7,~~421~~404,~~668~~488.4506 1012/01/2004 793171246 N/A 02/01/2009 N 5,~~661~~648,~~115~~081.1478 5,~~654~~641,~~211~~122.4553 1012/01/2004 793171287 N/A 02/01/2009 N 2,~~993~~986,~~199~~308.3221 2,~~989~~982,~~549~~628.1465 1011/01/2004 793171428 N/A 02/01/2009 N ~~517~~516,~~603~~411.4681 ~~516~~515,~~972~~775.2552 1012/01/2004 793171436 N/A 02/01/2009 N ~~340~~339,~~059~~276.5463 ~~339~~338,~~644~~858.8459 1012/01/2004 790028529 N/A 06/01/2014 N 16,~~645~~608,~~745~~389.4157 16,~~625~~588,~~925~~409.2673 1012/01/2004 790031498 N/A 04/01/2014 N 16,~~412~~375,~~157~~990.8533 16,~~392~~356,~~916~~590.4711 1012/01/2004 790032258 N/A 06/01/2014 N 15,784,000.00 15,784,000.00 1012/01/2004 792000786 N/A 06/01/2009 N 15,~~665~~625,~~720~~185.8690 15,~~644~~603,~~529~~845.9232 0912/01/2004 793180932 N/A 07/01/2009 N 15,680,500.00 15,680,500.00 0911/01/2004 790032165 N/A 06/01/2014 N 15,~~379~~348,~~581~~804.9048 15,~~363~~332,~~022~~099.4763 1012/01/2004 790031780 N/A 08/01/2014 N 14,~~980~~939,~~817~~649.2903 14,~~959~~917,~~043~~669.0024 1012/01/2004 790032171 N/A 06/01/2014 N 15,000,000.00 15,000,000.00 1012/01/2004 790031494 N/A 04/01/2014 N 14,~~291~~247,~~609~~128.5823 14,~~268~~223,~~351~~669.1160 1011/01/2004 790031875 N/A 06/01/2014 N 13,~~935~~891,~~520~~382.6869 13,~~912~~868,~~493~~163.1112 1012/01/2004 792000815 N/A 07/01/2014 N 13,~~805~~778,~~478~~497.6081 13,~~790~~763,~~921~~811.7265 1012/01/2004 790031281 N/A 04/01/2009 N 12,~~995~~964,~~025~~241.3783 12,~~978~~947,~~780~~870.0227 1012/01/2004 793180320 N/A 06/01/2014 N 11,~~742~~719,~~072~~219.6740 11,~~729~~706,~~731~~767.2859 1012/01/2004 790031999 N/A 05/01/2014 N 11,~~454~~430,~~701~~850.8497 11,~~441~~417,~~930~~969.1072 1012/01/2004 791044865 N/A 06/01/2011 N 10,750,000.00 10,750,000.00 1012/01/2004 790029615 N/A 07/01/2014 N 10,~~682~~662,~~356~~731.9561 10,~~671~~651,~~677~~953.3641 1012/01/2004 792000799 N/A 07/01/2014 N 10,~~476~~450,~~173~~144.9780 10,~~462~~436,~~238~~066.6734 1012/01/2004 790031653 N/A 06/01/2014 N 10,~~467~~445,~~789~~547.7208 10,~~455~~433,~~912~~569.3379 1012/01/2004 793171121 N/A 02/01/2014 N 10,~~434~~413,~~963~~904.8519 10,~~423~~402,~~629~~469.6721 1011/01/2004 790030749 N/A 06/01/2011 N 10,~~418~~396,~~299~~395.3270 10,~~406~~384,~~587~~584.7887 1012/01/2004 793000138 N/A 07/01/2011 N 10,~~391~~372,~~963~~050.4167 10,~~381~~361,~~191~~181.2257 0911/01/2004 790030996 N/A 05/01/2009 N 10,400,000.00 10,400,000.00 1012/01/2004 793179967 N/A 05/01/2009 N 10,~~194~~170,~~459~~691.1704 10,~~181~~158,~~898~~031.2871 1012/01/2004 792000788 N/A 06/01/2011 N 109,~~019~~999,~~920~~122.6946 109,~~008~~987,~~782~~888.5498 0912/01/2004 793179678 N/A 07/01/2014 N 9,~~973~~945,~~701~~506.9003 9,~~958~~930,~~829~~496.7418 1012/01/2004 790031580 N/A 04/01/2014 N 9,~~945~~923,~~486~~062.9023 9,~~933~~911,~~588~~067.2415 1012/01/2004 790031733 N/A 06/01/2014 N 9,~~772~~753,~~544~~491.8353 9,~~762~~743,~~257~~112.9572 1012/01/2004 790031951 N/A 06/01/2014 N 9,100,000.00 9,100,000.00 1012/01/2004 790031746 N/A 07/01/2009 N 9,000,000.00 9,000,000.00 1012/01/2004 793180411 N/A 07/01/2011 N 8,~~983~~965,~~351~~142.0811 8,~~973~~955,~~573~~279.6396 1012/01/2004 790030543 N/A 06/01/2014 N 8,~~977~~961,~~539~~843.6960 8,~~968~~953,~~931~~153.8864 1012/01/2004 793172079 N/A 05/01/2014 N 8,~~565~~547,~~299~~062.9065 8,~~555~~537,~~560~~241.9555 1012/01/2004 790032169 N/A 06/01/2014 N 8,~~535~~518,~~348~~268.8805 8,~~526~~508,~~158~~997.7421 1012/01/2004 792000805 N/A 07/01/2009 N 8,~~385~~369,~~370~~232.8528 8,~~376~~360,~~645~~428.6177 1012/01/2004 790028558 N/A 03/01/2014 N 8,~~301~~284,~~234~~229.0802 8,~~292~~275,~~103~~018.4648 1012/01/2004 790031607 N/A 06/01/2014 N 7,~~972~~954,~~975~~403.6696 7,~~963~~944,~~162~~514.5828 1012/01/2004 792000802 N/A 07/01/2014 N 7,~~787~~774,~~741~~001.9180 7,~~780~~766,~~220~~409.2706 1012/01/2004 793180213 N/A 03/01/2014 N 7,~~765~~747,~~614~~657.5361 7,~~756~~738,~~116~~084.2031 1012/01/2004 793180403 N/A 07/01/2014 N 7,~~685~~669,~~469~~620.4674 7,~~676~~661,~~977~~056.9253 1012/01/2004 790032200 N/A 07/01/2019 N 7,~~557~~514,~~942~~270.0348 7,~~535~~491,~~563~~685.7917 1012/01/2004 790031964 N/A 07/01/2011 N 7,~~484~~467,~~546~~881.0054 7,~~475~~458,~~699~~963.0420 1012/01/2004 792000789 N/A 06/01/2014 N 7,~~180~~167,~~791~~423.9990 7,~~173~~160,~~528~~093.3138 1012/01/2004 791045188 N/A 05/01/2009 N 6,~~818~~801,~~042~~416.2052 6,~~809~~792,~~297~~605.4495 1012/01/2004 790030605 N/A 07/01/2014 N 6,~~786~~772,~~717~~067.1386 6,~~778~~764,~~808~~080.3054 1011/01/2004 790031224 N/A 03/01/2014 N 6,550,000.00 6,550,000.00 1012/01/2004 790030938 N/A 05/01/2014 N 6,~~462~~442,~~214~~558.7686 6,~~451~~432,~~917~~171.5556 1012/01/2004 793179835 N/A 05/01/2014 N 6,~~473~~458,~~278~~823.0599 6,~~465~~451,~~609~~093.1665 0911/01/2004 790031260 N/A 05/01/2014 N 6,~~365~~348,~~995~~196.0886 6,~~356~~338,~~589~~702.7755 1012/01/2004 793171634 N/A 02/01/2009 N 2,~~993~~986,~~002~~112.8315 2,~~989~~982,~~352~~432.8883 1011/01/2004 793171683 N/A 02/01/2009 N 1,~~171~~168,~~195~~498.1879 1,~~169~~167,~~766~~059.9203 1011/01/2004 793171667 N/A 02/01/2009 N 1,~~059~~056,~~052~~614.6644 1,~~057~~055,~~761~~312.1554 1011/01/2004 793171691 N/A 02/01/2009 N ~~960~~957,~~019~~809.5836 ~~958~~956,~~848~~629.8420 1011/01/2004 793000140 N/A 07/01/2014 N 5,~~990~~979,~~132~~152.7841 5,~~984~~973,~~155~~120.6300 1012/01/2004 793171006 N/A 02/01/2014 N 5,~~908~~896,~~675~~751.8810 5,~~902~~890,~~258~~276.0418 1012/01/2004 790031078 N/A 04/01/2014 N 5,~~820~~808,~~704~~613.3645 5,~~814~~802,~~225~~078.7188 1012/01/2004 790032445 N/A 08/01/2009 N 5,~~626~~613,~~001~~142.0141 5,~~619~~606,~~196~~284.4235 1012/01/2004 793166188 N/A 10/01/2013 N 5,~~442~~431,~~331~~421.4309 5,~~436~~425,~~446~~482.7090 0911/01/2004 790031882 N/A 07/01/2014 N 5,~~259~~242,~~271~~562.7642 5,~~250~~233,~~526~~738.3547 1012/01/2004 793172038 N/A 04/01/2014 N 5,~~242~~219,~~899~~500.2338 5,~~230~~207,~~811~~300.0306 1012/01/2004 790031549 N/A 06/01/2014 N 5,~~209~~198,~~229~~983.2196 5,~~203~~193,~~704~~409.2591 1011/01/2004 790032152 N/A 07/01/2014 N 5,~~190~~180,~~709~~498.4331 5,~~185~~174,~~205~~945.0526 1012/01/2004 793180429 N/A 07/01/2014 N 5,~~191~~182,~~882~~774.9956 5,~~186~~177,~~892~~736.5781 1012/01/2004 790032166 N/A 06/01/2014 N 5,~~121~~110,~~209~~960.3281 5,~~115~~105,~~695~~398.2330 1012/01/2004 790030347 N/A 05/01/2014 N 5,~~081~~071,~~623~~877.3088 5,~~076~~066,~~348~~555.2601 1012/01/2004 793179793 N/A 05/01/2014 N 5,~~077~~066,~~714~~069.78 5,~~071~~059,~~549~~855.5453 1012/01/2004 790031247 N/A 04/01/2014 N 4,~~972~~961,~~684~~449.9952 4,~~966~~955,~~724~~441.79 10 12/01/2004 793180478 N/A 07/01/2014 N 4,~~892~~883,~~178~~433.3415 4,~~887~~878,~~400~~610.3936 0911/01/2004 790031611 N/A 08/01/2014 N 4,840,000.00 4,840,000.00 1012/01/2004 790032168 N/A 07/01/2014 N 4,~~791~~781,~~314~~786.7924 4,~~786~~776,~~185~~612.7215 1012/01/2004 790210766 N/A 07/01/2011 N 4,~~642~~633,~~206~~559.7464 4,~~637~~628,~~510~~820.4737 1012/01/2004 790032007 N/A 07/01/2014 N 4,~~492~~483,~~000~~202.8873 4,~~487~~478,~~255~~415.4218 1012/01/2004 790031118 N/A 03/01/2014 N 4,~~481~~471,~~394~~795.8357 4,~~476~~466,~~269~~626.2151 1012/01/2004 790031930 N/A 07/01/2014 N 4,~~386~~371,~~070~~429.2302 4,~~378~~363,~~469~~768.4797 1012/01/2004 790210655 N/A 05/01/2013 N 4,~~380~~371,~~985~~041.3261 4,~~375~~365,~~714~~728.7275 0911/01/2004 793179843 N/A 05/01/2009 N 4,~~230~~220,~~785~~769.9617 4,~~225~~215,~~501~~443.0742 1012/01/2004 790032446 N/A 08/01/2009 N 4,~~195~~185,~~526~~937.3216 4,~~190~~180,~~451~~822.8783 1012/01/2004 790031899 N/A 06/01/2014 N 3,~~980~~966,~~256~~781.2761 3,~~973~~959,~~267~~738.5184 1012/01/2004 790031400 N/A 04/01/2014 N 3,~~976~~967,~~957~~498.6929 3,~~971~~962,~~967~~469.8684 1012/01/2004 793172632 N/A 05/01/2014 N 3,~~826~~818,~~262~~972.3061 3,~~822~~814,~~312~~987.9226 0912/01/2004 790032167 N/A 06/01/2014 N 3,~~818~~811,~~970~~327.3486 3,~~814~~807,~~858~~179.3980 1012/01/2004 793179629 N/A 05/01/2014 N 3,~~786~~778,~~077~~704.62 3,~~782~~774,~~095~~686.0630 0911/01/2004 790031170 N/A 04/01/2014 N 3,750,000.00 3,750,000.00 1012/01/2004 793000139 N/A 07/01/2014 N 3,~~743~~737,~~962~~221.5955 3,~~740~~733,~~283~~508.5311 1012/01/2004 793180288 N/A 06/01/2014 N 3,~~739~~732,~~920~~908.3745 3,~~736~~729,~~114~~067.1940 1012/01/2004 790029532 N/A 04/01/2014 N 3,~~360~~353,~~039~~833.7679 3,~~356~~350,~~661~~423.4397 1011/01/2004 793172624 N/A 05/01/2014 N 3,~~243~~237,~~355~~176.1601 3,~~240~~233,~~007~~797.4481 0912/01/2004 790031472 N/A 07/01/2014 N 3,~~194~~187,~~253~~942.6550 3,~~190~~184,~~853~~512.5442 1012/01/2004 793179595 N/A 06/01/2014 N 3,200,000.00 3,200,000.00 1012/01/2004 793179587 N/A 06/01/2014 N 3,120,000.00 3,120,000.00 1012/01/2004 790031585 N/A 06/01/2009 N 3,000,000.00 3,000,000.00 1012/01/2004 790032233 N/A 07/01/2014 N 3,000,000.00 3,000,000.00 1012/01/2004 790032001 N/A 07/01/2009 N 2,~~894~~888,~~551~~605.8482 2,~~891~~885,~~364~~391.4912 0912/01/2004 790031578 N/A 07/01/2014 N 2,~~795~~790,~~443~~365.8221 2,~~792~~787,~~675~~571.7036 1012/01/2004 790031608 N/A 06/01/2014 N 2,~~642~~636,~~014~~495.9671 2,~~639~~633,~~061~~517.5717 1012/01/2004 790031535 N/A 05/01/2014 N 2,~~588~~583,~~987~~219.1780 2,~~585~~580,~~923~~131.7140 1012/01/2004 790032022 N/A 07/01/2014 N 1,~~995~~989,~~020~~645.2973 1,~~992~~986,~~170~~768.4135 1012/01/2004 790032198 N/A 07/01/2019 N 1,~~787~~774,~~522~~657.4404 1,~~780~~768,~~970~~046.2563 1012/01/2004 790031021 N/A 07/01/2014 N 1,~~781~~778,~~712~~115.8135 1,~~779~~776,~~780~~165.1691 1012/01/2004 790030601 N/A 04/01/2014 N 1,~~731~~728,~~553~~062.3383 1,~~729~~726,~~675~~168.8479 1012/01/2004 790030862 N/A 08/01/2014 N 1,~~698~~695,~~557~~369.3882 1,~~696~~693,~~828~~625.5832 1011/01/2004 790031883 N/A 07/01/2014 N 1,~~121~~118,~~752~~290.5214 1,~~119~~116,~~935~~456.2104 1012/01/2004 790029735 N/A 04/01/2014 N ~~993~~990,~~130~~300.0386 ~~991~~988,~~637~~794.4631 1012/01/2004 Totals 1,~~375~~373,~~735~~303,~~823~~841.9294 1,~~374~~372,~~450~~007,~~589~~907.1619

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 12/10/2004 0 $0.00 0 $0.00 0 $0.00 11/10/2004 0 $0.00 0 $0.00 0 $0.00 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

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 12/10/2004 0 $0.00 0 $0.00 0 $0.00 11/10/2004 0 $0.00 0 $0.00 0 $0.00 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

Prepayments Rate and Maturities Distribution Curtailments Payoff Next Weighted Avg. WAM Date # Amount # Amount Coupon Remit 12/10/2004 0 $0.00 0 $0.00 5.299658% 5.247755% 95 11/10/2004 0 $0.00 0 $0.00 5.299636% 5.247736% 96 10/12/2004 0 $0.00 0 $0.00 5.299602% 5.247705% 97 09/10/2004 0 $0.00 0 $0.00 5.299580% 5.247685% 98 08/10/2004 0 $0.00 0 $0.00 5.299546% 5.247654% 99 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

Delinquency Loan Detail Offering # of Paid Through Current Outstanding Status of Loan Number Document Months Date P & I P & I Mortgage Cross- Delinq. Advances Advances ** Loan (1) Reference ~~790032062~~793171287 1223 0 0911/01/2004 ~~131~~16,~~907~~111.6031 ~~131~~16,~~907~~111.31 A 793180932 30 0 11/01/2004 57,913.31 57,913.31 A 790031494 34 0 11/01/2004 87,214.53 87,214.53 A 793171121 44 0 11/01/2004 60,235.39 B60,235.39 ~~792000819~~A 14793000138 46 0 0911/01/2004 ~~135~~61,~~618~~087.0911 ~~135~~61,~~618~~087.0911 A ~~790028882~~790030605 1969 0 0911/01/2004 ~~101~~44,~~822~~105.8302 ~~101~~44,~~822~~105.8302 BA ~~792000786~~793179835 2972 0 0911/01/2004 7834,~~631~~545.9222 7834,~~631~~545.9222 A ~~793180932~~793171634 3074 0 0911/01/2004 5716,~~913~~110.3126 5716,~~913~~110.3126 A ~~793000138~~793171683 4675 0 0911/01/2004 616,~~086~~304.6113 616,~~086~~304.6113 A ~~792000788~~793171667 4976 0 0911/01/2004 565,~~812~~700.2950 565,~~812~~700.2950 A ~~793179835~~793171691 7277 0 0911/01/2004 345,~~543~~167.7844 345,~~543~~167.7844 A 793166188 82 0 0911/01/2004 32,~~007~~009.9101 32,~~007~~009.9101 A ~~793180478~~790031549 9285 0 0911/01/2004 2930,~~369~~355.3088 2930,~~369~~355.3088 A ~~790210655~~793180478 9992 0 0911/01/2004 2329,~~451~~370.6918 2329,~~451~~370.6918 A ~~793172632~~790210655 ~~104~~99 0 0911/01/2004 2223,~~442~~452.9869 2223,~~442~~452.9869 A 793179629 106 0 0911/01/2004 21,~~966~~967.4317 21,~~966~~967.4317 A ~~793172624~~790029532 ~~111~~110 0 0911/01/2004 1920,~~023~~178.9399 1920,~~023~~178.9399 A ~~790032001~~790030862 ~~117~~125 0 0911/01/2004 1610,~~429~~051.9382 1610,~~429~~051.9382 BA Totals 1518 ~~823~~561,~~028~~879.6096 ~~823~~561,~~028~~879.6096

Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date ~~790032062~~793171287 242,~~886~~986,~~852~~308.8621 0.00 ~~792000819~~793180932 2215,~~364~~680,~~032~~500.7200 0.00 ~~790028882~~790031494 1714,~~568~~247,~~475~~128.0523 0.00 ~~792000786~~793171121 1510,~~665~~413,~~720~~904.8619 0.00 ~~793180932~~793000138 1510,~~680~~372,~~500~~050.67 0.00 790030605 6,772,067.86 0.00 ~~793000138~~793179835 106,~~391~~458,~~963~~823.4199 0.00 ~~792000788~~793171634 102,~~019~~986,~~920~~112.6915 0.00 ~~793179835~~793171683 61,~~473~~168,~~278~~498.0579 0.00 793171667 1,056,614.44 0.00 793171691 957,809.36 0.00 793166188 5,~~442~~431,~~331~~421.4309 0.00 ~~793180478~~790031549 45,~~892~~198,~~178~~983.3496 0.00 ~~790210655~~793180478 4,~~380~~883,~~985~~433.3215 0.00 ~~793172632~~790210655 34,~~826~~371,~~262~~041.3061 0.00 793179629 3,~~786~~778,~~077~~704.62 0.00 ~~793172624~~790029532 3,~~243~~353,~~355~~833.1679 0.00 ~~790032001~~790030862 21,~~894~~695,~~551~~369.8482 02,325.0057 Totals ~~151~~101,~~516~~812,~~485~~605.6593 02,325.0057

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = A (1218 loans) ~~572~~561,~~868~~879.2496 ~~572~~561,~~868~~879.2496 ~~106~~101,~~166~~812,605.9093 ~~0.00 Total for Status Code = B (3 loans) 250~~2,~~160~~325.3657 ~~250,160.36 45,349,879.75 0.00~~ (1) Status of Mortgage Loan A - Payment Not Received But Still In Grace Period B - Late Payment But Less Than 1 Month Delinquent 0 - Current 1 - One Month Delinquent 2 - Two Months Delinquent 3 - Three or More Months Delinquent 4 - Assumed Scheduled Payment (Performing Matured Balloon) 7 - Foreclosure 9 - REO (2) Resolution Strategy Code 1 - Modification 2 - Foreclosure 3 - Bankruptcy 4 - Extension 5 - Note Sale 6 - DPO 7 - REO 8 - Resolved 9 - Pending Return to Master Servicer 10 - Deed In Lieu Of Foreclosure 11 - Full Payoff 12 - Reps and Warranties 13 - Other or TBD ** Outstanding P & I Advances include the current period advance.

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

Filing Compare · GE COMM MORT PASS THROUGH CERT SERIES 2004-C3