8-K 1 gcc04003_10501.txt 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: January 10, 2005 (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 January 10, 2005, 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 January 10, 2005 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: January 10, 2005 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 January 10, 2005 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 GE 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: January 10, 2005 Record Date: December 31, 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 2005, 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 8584,~~792~~809,~~208~~676.7021 ~~982~~877,~~532~~306.4983 ~~268~~265,~~243~~171.6459 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~~330,~~272~~958,~~097~~695.5327 ~~313~~280,~~402~~546.2628 1,~~377~~376,~~815~~512.8737 B 36828QHX7 5.~~107642~~109305% 32,727,000.00 32,727,000.00 0.00 139,~~298~~343.1552 C 36828QHY5 5.~~157642~~159305% 15,502,000.00 15,502,000.00 0.00 66,~~628~~649.1362 D 36828QHZ2 5.~~247642~~249305% 27,559,000.00 27,559,000.00 0.00 120,~~516~~554.4666 E 36828QJA5 5.~~247642~~249305% 15,502,000.00 15,502,000.00 0.00 67,~~790~~812.7827 F 36828QJM9 5.~~247642~~249305% 15,502,000.00 15,502,000.00 0.00 67,~~790~~812.7827 G 36828QJN7 5.~~247642~~249305% 12,057,000.00 12,057,000.00 0.00 52,~~725~~742.6839 H 36828QJP2 5.~~247642~~249305% 18,947,000.00 18,947,000.00 0.00 82,~~855~~882.8915 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,~~990~~862.1576 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,~~373~~372,~~303~~007,~~841~~906.2348 1,~~295~~157,~~934~~853.7511 5,~~556~~552,~~974~~662.4451

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,~~250~~142,~~776~~478.1342 8483,~~809~~932,~~676~~369.2138 14.0607% A-2 36828QHU3 0.00 0.00 889,289.35 240,728,000.00 14.0607% A-3 36828QHV1 0.00 0.00 897,045.19 221,265,000.00 14.0607% A-4 36828QHW9 0.00 0.00 1,303,005.47 301,331,000.00 14.0607% A-1A 36828QJL1 0.00 0.00 1,~~691~~657,~~218~~058.1365 330,~~958~~678,~~695~~148.2799 14.0607% B 36828QHX7 0.00 0.00 139,~~298~~343.1552 32,727,000.00 11.6869% C 36828QHY5 0.00 0.00 66,~~628~~649.1362 15,502,000.00 10.55% D 36828QHZ2 0.00 0.00 120,~~516~~554.4666 27,559,000.00 8.54% E 36828QJA5 0.00 0.00 67,~~790~~812.7827 15,502,000.00 7.41% F 36828QJM9 0.00 0.00 67,~~790~~812.7827 15,502,000.00 6.28% G 36828QJN7 0.00 0.00 52,~~725~~742.6839 12,057,000.00 5.40% H 36828QJP2 0.00 0.00 82,~~855~~882.8915 18,947,000.00 4.02% J 36828QJQ0 0.00 0.00 27,996.37 6,890,000.00 3.52% K 36828QJR8 0.00 0.00 27,996.37 6,890,000.00 3.0102% 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 2.1314% N 36828QJU1 0.00 0.00 20,999.31 5,168,000.00 1.76% O 36828QJV9 0.00 0.00 20,995.24 5,167,000.00 1.38% P 36828QJW7 0.00 0.00 76,~~990~~862.1576 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,~~852~~710,~~909~~515.1962 1,~~372~~370,~~007~~850,~~906~~053.4837

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount X-1 36828QJK3 0.~~044239~~043259% 1,377,964,535.00 1,~~373~~372,~~303~~007,~~841~~906.2348 5049,~~627~~460.7317 X-2 36828QKK1 0.~~359054~~360486% 1,329,839,000.00 1,329,839,000.00 ~~397~~399,~~903~~489.0892

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount X-1 36828QJK3 0.00 5049,~~627~~460.7317 1,~~372~~370,~~007~~850,~~906~~053.4837 X-2 36828QKK1 0.00 ~~397~~399,~~903~~489.0892 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 ~~960~~949.~~37487910~~37621692 109.~~99866218~~82074542 32.~~00277213~~96838300 0.00000000 0.00000000 ~~949~~939.~~37621692~~55547150 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 ~~996~~995.~~62777956~~68491295 0.~~94286661~~84401982 4.~~14514105~~14121949 0.00000000 0.00000000 ~~995~~994.~~68491295~~84089313 B 36828QHX7 1,000.00000000 0.00000000 4.~~25636783~~25775415 0.00000000 0.00000000 1,000.00000000 C 36828QHY5 1,000.00000000 0.00000000 4.~~29803445~~29942072 0.00000000 0.00000000 1,000.00000000 D 36828QHZ2 1,000.00000000 0.00000000 4.~~37303458~~37442070 0.00000000 0.00000000 1,000.00000000 E 36828QJA5 1,000.00000000 0.00000000 4.~~37303445~~37442072 0.00000000 0.00000000 1,000.00000000 F 36828QJM9 1,000.00000000 0.00000000 4.~~37303445~~37442072 0.00000000 0.00000000 1,000.00000000 G 36828QJN7 1,000.00000000 0.00000000 4.~~37303475~~37442067 0.00000000 0.00000000 1,000.00000000 H 36828QJP2 1,000.00000000 0.00000000 4.~~37303478~~37442075 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.~~06333330~~05661000 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 ~~996~~995.~~61769686~~67722654 0.~~03674095~~03589365 0.00000000 ~~995~~994.~~67722654~~83696318 X-2 36828QKK1 1,000.00000000 0.~~29921147~~30040473 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding ~~561~~2,~~879~~106,730.9665 Servicing Advances Outstanding 26,~~325~~252.57 Reimbursement for Interest on Advances 0127.0039 paid from general collections

Servicing Fee Summary Current Period Accrued Servicing Fees 57,~~500~~376.5692 Less Delinquent Servicing Fees 719,~~225~~482.9907 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 127,~~030~~225.0499 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 6245,~~304~~120.6184

Certificate Interest Reconciliation Class Accrued Net Aggregate Distributable Distributable Certificate Prepayment Certificate Certificate Interest Interest Interest Interest Shortfall Adjustment A-1 ~~268~~265,~~243~~171.6459 0.00 ~~268~~265,~~243~~171.6459 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,~~377~~376,~~815~~512.8737 0.00 1,~~377~~376,~~815~~512.8737 0.00 X-1 5049,~~627~~460.7317 0.00 5049,~~627~~460.7317 0.00 X-2 ~~397~~399,~~903~~489.0892 0.00 ~~397~~399,~~903~~489.0892 0.00 B 139,~~298~~343.1552 0.00 139,~~298~~343.1552 0.00 C 66,~~628~~649.1362 0.00 66,~~628~~649.1362 0.00 D 120,~~516~~554.4666 0.00 120,~~516~~554.4666 0.00 E 67,~~790~~812.7827 0.00 67,~~790~~812.7827 0.00 F 67,~~790~~812.7827 0.00 67,~~790~~812.7827 0.00 G 52,~~725~~742.6839 0.00 52,~~725~~742.6839 0.00 H 82,~~855~~882.8915 0.00 82,~~855~~882.8915 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,~~005~~001,~~505~~739.2599 0.00 6,~~005~~001,~~505~~739.2599 0.00

Class Additional Interest Remaining Unpaid Trust Fund Distribution Distributable Expenses Certificate Interest A-1 0.00 ~~268~~265,~~243~~171.6459 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,~~377~~376,~~815~~512.8737 0.00 X-1 0.00 5049,~~627~~460.7317 0.00 X-2 0.00 ~~397~~399,~~903~~489.0892 0.00 B 0.00 139,~~298~~343.1552 0.00 C 0.00 66,~~628~~649.1362 0.00 D 0.00 120,~~516~~554.4666 0.00 E 0.00 67,~~790~~812.7827 0.00 F 0.00 67,~~790~~812.7827 0.00 G 0.00 52,~~725~~742.6839 0.00 H 0.00 82,~~855~~882.8915 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 0127.0039 76,~~990~~862.1576 ~~304~~431.6099 Total 0127.0039 6,~~005~~001,~~505~~612.2560 ~~304~~431.6099

Other Required Information Available Distribution Amount (1) 7,~~301~~159,~~440~~465.0071 Principal Distribution Amount 1,~~295~~157,~~934~~853.7511 (a) Principal portion of Monthly Payments 1,~~295~~157,~~934~~853.7511 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,~~372~~371,~~111~~182,~~488~~027.7922 Aggregate Stated Principal Balance of Loans 1,~~372~~370,~~007~~850,~~907~~054.1908 Aggregate Amount of Servicing Fee 6245,~~304~~120.6184 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 2,~~002~~000.7485 Aggregate Trust Fund Expenses 0127.0039 Interest Reserve Deposit 0190,523.0019 Interest Reserve Withdrawal 0.00 Excess Liquidation Proceeds Account Balance 0.00 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 6,251,640.94 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 6,251,640.94 Principal: Scheduled Principal 1,157,853.11 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 1,157,853.11 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 7,409,494.05 Total Funds Distributed Fees: Master Servicing Fee 57,376.92 Trustee Fee 2,000.85 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 59,377.76 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 127.39 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 127.39 Interest Reserve Deposit 190,523.19 Payments to Certificateholders & Others: Interest Distribution 6,001,612.60 Principal Distribution 1,157,853.11 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 7,159,465.71 Total Funds Distributed 7,409,494.05

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~~300,~~470~~152.0438 0.00 5.363% 792000784 3 OF Saint Louis MO ~~236~~243,~~294~~530.9407 ~~163~~156,~~840~~605.1805 4.546% 791045190 4 LO Various Various ~~214~~220,~~034~~918.1918 5649,~~401~~159.7644 5.158% 793184546 5 MH Various Various ~~173~~179,~~417~~198.6726 0.00 5.051% 790032033 6 SS Various Various ~~138~~142,~~217~~564.5022 6460,~~374~~027.1543 4.700% 793000135 7 MF Hacienda Heights CA ~~131~~135,~~107~~295.0099 4541,~~755~~566.3031 4.600% 792000809 8 OF Various AL ~~156~~162,~~949~~180.1781 0.00 5.690% 790031290 9 RT Dallas TX ~~144~~149,~~378~~190.0060 0.00 6.240% 790209513 10 OF Brooklyn NY ~~129~~134,~~823~~011.4489 2723,~~357~~169.7328 5.900% 790032348 11 MF Lexington KY ~~105~~108,~~049~~361.0907 4541,~~132~~820.0810 4.880% 790032062 12 MH West Palm Beach FL ~~101~~104,~~173~~413.5799 3128,~~356~~115.2078 4.890% 792000773 13 IN Maspeth NY ~~108~~112,~~933~~433.1849 2824,~~259~~759.7746 5.375% 792000819 14 RT Various Various ~~114~~117,~~037~~722.7009 2218,~~139~~455.4910 6.130% 790031878 15 MF Columbia SC 8790,~~563~~482.3311 0.00 4.820% 790031426 16 RT Plano TX 9397,~~975~~107.0050 0.00 5.370% 793180346 17 IN Norcross GA 8891,~~112~~049.5058 0.00 5.035% 790031638 18 RT Pembroke Pines FL 7577,~~450~~867.9562 2321,~~454~~037.2457 4.870% 790028882 19 RT Quakertown PA 8386,~~431~~120.8533 1816,~~830~~141.1971 5.710% 792000792 20 RT Decatur GA 8486,~~166~~879.1415 1815,~~654~~941.5150 5.760% 793171253 21 OF Jacksonville FL 3132,~~603~~616.6687 98,~~134~~121.6443 5.116% 793171246 22 OF Jacksonville FL 24,~~077~~849.3022 6,~~959~~187.2533 5.116% 793171287 23 OF Lake Worth FL 1213,~~730~~138.3852 3,~~679~~271.5642 5.116% 793171428 24 OF Kissimmee FL 2,~~201~~272.4200 ~~636~~565.2971 5.116% 793171436 25 OF Kissimmee FL 1,~~446~~492.3168 ~~418~~371.0467 5.116% 790028529 26 MU Brookline MA 7173,~~000~~279.8730 1917,~~979~~701.8441 5.130% 790031498 27 MF Newport News VA 7174,~~917~~227.8911 1917,~~400~~091.2200 5.270% 790032258 28 RT Holly Springs GA 6971,~~581~~900.1350 0.00 5.290% 792000786 29 MF Various NY 5759,~~682~~524.9834 2119,~~340~~499.5822 4.430% 793180932 30 RT Phoenix AZ 59,481.36 0.00 4.552% 790032165 31 MH San Jose CA 7274,~~523~~858.1098 1614,~~704~~368.8597 5.670% 790031780 32 OF Chicago IL 7476,~~573~~946.7517 2119,~~979~~607.7937 5.990% 790032171 33 MF East Haven CT 6163,~~750~~808.0033 0.00 4.940% 790031494 34 SS Various OK 6466,~~112~~140.0806 2321,~~458~~430.6365 5.400% 790031875 35 SS Various Various 6062,~~427~~337.5139 2321,~~219~~309.5769 5.220% 792000815 36 MF Marlton NJ 6668,~~021~~149.9798 1412,~~686~~558.1615 5.750% 790031281 37 MU Seattle WA 5354,~~153~~855.3981 1614,~~371~~669.5614 4.920% 793180320 38 OF Miami FL 5658,~~623~~448.3664 1210,~~451~~626.8153 5.798% 790031999 39 MF Fresno CA 5254,~~486~~175.6609 1211,~~881~~192.2582 5.510% 791044865 40 MF Culpeper VA 4749,~~658~~246.3394 0.00 5.320% 790029615 41 SS Los Angeles CA 5355,~~580~~310.2327 109,~~778~~048.2016 6.030% 792000799 42 LO Portland OR 5759,~~475~~311.8064 1412,~~078~~242.4662 6.600% 790031653 43 OF Frisco TX 4648,~~917~~426.9225 1110,~~977~~468.2996 5.390% 793171121 44 OF Nashville TN 4951,~~841~~446.8165 119,~~434~~830.9814 5.743% 790030749 45 RT Valrico FL 4748,~~130~~646.3301 1110,~~810~~295.8315 5.440% 793000138 46 RT Newbury Park CA 5052,~~477~~105.3123 109,~~869~~241.1018 5.840% 790030996 47 OF La Jolla CA 4849,~~273~~882.3344 0.00 5.570% 793179967 48 MF Centerville OH 4243,~~123~~473.6155 1211,~~659~~309.3339 4.970% 792000788 49 MU New York NY 4547,~~829~~303.3175 119,~~233~~759.4804 5.500% 793179678 50 OF Fresno CA 4850,~~567~~110.2239 1513,~~009~~466.8568 5.860% 790031580 51 MF Virginia Beach VA 4244,~~669~~038.1718 1110,~~995~~626.0807 5.160% 790031733 52 OF Lexington KY 4748,~~060~~577.6054 108,~~378~~861.8187 5.790% 790031951 53 MF Haddonfield NJ 3637,~~172~~378.5025 0.00 4.770% 790031746 54 IN Irving TX 4142,~~100~~470.00 0.00 5.480% 793180411 55 RT Salem OR 4143,~~702~~045.8554 98,~~862~~519.1546 5.582% 790030543 56 RT Moreno Valley CA 4648,~~900~~416.3167 87,~~689~~173.9660 6.280% 793172079 57 OF Newport Beach CA 3839,~~497~~734.3993 98,~~821~~583.1056 5.405% 790032169 58 MH Oakland Park FL 4041,~~248~~545.8218 97,~~270~~974.8448 5.670% 792000805 59 OF Anchorage AK 4041,~~590~~899.7868 87,~~803~~494.5161 5.820% 790028558 60 OF Owings Mills MD 3840,~~935~~189.8801 97,~~210~~957.5441 5.640% 790031607 61 MH Avon CO 3233,~~811~~863.9249 98,~~889~~838.6811 4.950% 792000802 62 OF Mount Laurel NJ 4041,~~230~~530.4687 76,~~592~~292.7433 6.210% 793180213 63 OF Irving TX 3233,~~346~~383.4739 98,~~573~~536.3038 5.010% 793180403 64 RT Vancouver WA 3536,~~165~~296.2181 87,~~564~~432.2161 5.502% 790032200 65 MF Marion AR 3536,~~630~~707.1718 2221,~~585~~508.3130 5.690% 790031964 66 MH Riverside CA 3133,~~987~~014.4320 87,~~918~~891.3457 5.140% 792000789 67 IN Mesa AZ 3536,~~837~~993.1282 76,~~330~~173.5282 6.000% 791045188 68 OF Santa Monica CA 2627,~~922~~783.2765 87,~~810~~949.5719 4.750% 790030605 69 Various Albuquerque NM 3637,~~287~~452.0034 76,~~987~~821.3298 6.430% 790031224 70 RT Aurora CO 3132,~~112~~149.5058 0.00 5.700% 790030938 71 OF Fort Meyers FL 2930,~~528~~463.3948 109,~~387~~452.3021 5.500% 793179835 72 MF Bloomington IN 2728,~~460~~342.7716 76,~~730~~848.3495 5.102% 790031260 73 LO Woodbury MN 3132,~~740~~749.9896 98,~~494~~485.3133 6.000% 793171634 74 OF East Ridge TN 1213,~~729~~137.5566 3,~~679~~271.3221 5.116% 793171683 75 OF Chattanooga TN 45,~~981~~140.2191 1,~~439~~280.7606 5.116% 793171667 76 OF East Ridge TN 4,~~504~~648.2667 1,~~301~~157.9049 5.116% 793171691 77 OF Chattanooga TN 4,~~083~~213.0696 1,~~180~~049.1626 5.116% 793000140 78 OF Los Angeles CA 3031,~~095~~066.0786 65,~~032~~060.4162 6.040% 793171006 79 OF Lewisville TX 2829,~~222~~131.3406 65,~~474~~566.9220 5.743% 790031078 80 MF Fargo ND 2627,~~864~~729.8410 65,~~534~~670.5731 5.550% 790032445 81 MH Mesa AZ 2324,~~341~~089.3289 6,~~858~~109.0649 4.990% 793166188 82 SS Coral Springs FL 2627,~~613~~471.9603 5,~~938~~081.1912 5.880% 790031882 83 MH Various IN 2425,~~640~~418.0452 8,~~823~~045.9547 5.640% 793172038 84 RT Pittsburgh PA 25,~~010~~783.1137 1211,~~200~~427.3206 5.750% 790031549 85 MF Hattiesburg MS 2425,~~911~~714.8059 54,~~574~~771.0526 5.750% 790032152 86 SS Arlington VA 2425,~~693~~489.7148 54,~~553~~757.0528 5.720% 793180429 87 RT Bend OR 2627,~~928~~799.8341 54,~~037~~167.7517 6.235% 790032166 88 MH Rialto CA 24,~~149~~927.2911 54,~~562~~784.5169 5.670% 790030347 89 OF Sterling VA 2425,~~894~~697.4729 54,~~322~~520.8705 5.890% 793179793 90 RT Phoenix AZ 2122,~~319~~003.7134 65,~~214~~530.2562 5.050% 790031247 91 MF Severn MD 21,~~292~~976.8900 65,~~008~~325.4231 5.150% 793180478 92 OF Barrington IL 25,~~035~~844.7371 4,~~822~~013.7981 6.152% 790031611 93 RT Naperville IL 2324,~~675~~464.6786 0.00 5.870% 790032168 94 MH Fort Lauderdale FL 2223,~~593~~321.9481 54,~~174~~446.0922 5.670% 790210766 95 OF Solana Beach CA 23,~~044~~788.2402 43,~~739~~995.2749 5.968% 790032007 96 MF Lubbock TX 2122,~~444~~135.6581 4,~~787~~096.5539 5.740% 790031118 97 MF Chico CA 20,~~234~~885.8720 54,~~169~~518.0673 5.430% 790031930 98 MF Oklahoma City OK 1718,~~704~~262.2937 7,~~660~~101.0597 4.860% 790210655 99 RT Simi Valley CA 1819,~~576~~172.9383 54,~~312~~716.8696 5.100% 793179843 100 SS Miami FL 17,~~217~~768.2268 54,~~325~~774.7529 4.895% 790032446 101 MH Phoenix AZ 17,~~406~~964.5276 54,~~114~~556.3309 4.990% 790031899 102 MF Schenectady NY 1516,~~900~~401.1802 76,~~042~~541.7793 4.810% 790031400 103 MF Owings Mills MD 16,~~200~~719.6242 54,~~028~~509.4565 4.900% 793172632 104 SS Orlando FL 1819,~~840~~447.2696 3,~~985~~377.3565 5.920% 790032167 105 MH Rialto CA 18,~~008~~588.5256 43,~~148~~568.0602 5.670% 793179629 106 MU Beverly Hills CA 18,~~326~~917.7247 43,~~018~~427.3257 5.820% 790031170 107 MH Hallandale Beach FL 16,~~000~~533.0033 0.00 5.120% 793000139 108 MF Irving TX 19,~~059~~675.8359 3,~~713~~097.4468 6.120% 793180288 109 RT Zanesville OH 1819,~~565~~164.0009 3,~~841~~241.0596 5.968% 790029532 110 RT McKinney TX 17,~~020~~570.7118 32,~~409~~860.8235 6.090% 793172624 111 SS Winter Springs FL 1516,~~970~~485.0718 32,~~378~~863.2009 5.920% 790031472 112 RT Baton Rouge LA 15,~~142~~630.7365 32,~~430~~942.0816 5.700% 793179595 113 MH Tucson AZ 15,~~093~~596.3344 0.00 5.660% 793179587 114 MH Washington PA 1415,~~690~~179.0067 0.00 5.650% 790031585 115 RT North Palm Beach FL 14,~~475~~957.0050 0.00 5.790% 790032233 116 SS Phoenix AZ 1213,~~825~~252.0050 0.00 5.130% 790032001 117 MF New London CT 13,~~287~~715.5923 32,~~214~~787.7006 5.520% 790031578 118 RT West Palm Beach FL 14,~~137~~594.8548 2,~~793~~337.8522 6.080% 790031608 119 MH Montrose CO 12,~~018~~404.0360 2,~~978~~591.5497 5.470% 790031535 120 MF Rosenberg TX 11,~~172~~531.4304 32,~~088~~729.4079 5.190% 790032022 121 MH Coolidge AZ 10,~~180~~504.3549 2,~~877~~553.3824 6.140% 790032198 122 MF Bentonville AR 8,~~030~~267.3209 6,~~610~~373.4164 5.430% 790031021 123 RT Memphis TN 8,~~297~~565.8707 1,~~949~~682.4424 5.600% 790030601 124 RT Silver Spring MD 8,~~193~~457.9075 1,~~894~~630.0419 5.690% 790030862 125 RT Charlottesville VA 8,~~349~~619.7014 1,~~744~~475.5006 5.910% 790031883 126 MH West Lafayette IN 5,~~423~~595.7131 1,~~834~~662.1050 5.820% 790029735 127 SS Chandler AZ 45,~~893~~049.7417 1,~~506~~351.5512 5.930% Totals 6,~~065~~251,~~008~~640.5594 1,~~295~~157,~~934~~853.7511

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 1201/01/~~2004~~2005 790241176 03/01/2014 01/01/2026 N 65,000,000.00 65,000,000.00 1201/01/~~2004~~2005 792000784 N/A 07/01/2009 N 62,~~374~~210,~~378~~538.7557 62,~~210~~053,~~538~~933.5752 1201/01/~~2004~~2005 791045190 N/A 07/01/2011 N 49,~~799~~742,~~262~~860.6488 49,~~742~~693,~~860~~701.8844 1201/01/~~2004~~2005 793184546 N/A 07/01/2014 N 41,200,000.00 41,200,000.00 12/01/2004 790032033 N/A 04/01/2009 N 35,~~289~~225,~~575~~201.5641 35,~~225~~165,~~201~~173.4198 1201/01/~~2004~~2005 793000135 N/A 04/01/2011 N 34,~~201~~156,~~825~~070.3909 34,~~156~~114,~~070~~503.0978 12/01/2004 792000809 N/A 07/01/2011 N 33,100,000.00 33,100,000.00 1201/01/~~2004~~2005 790031290 N/A 07/01/2014 N 27,765,000.00 27,765,000.00 1201/01/~~2004~~2005 790209513 N/A 07/01/2014 N 26,~~404~~377,~~766~~409.9118 26,~~377~~354,~~409~~239.1890 1201/01/~~2004~~2005 790032348 N/A 07/01/2014 N 25,~~831~~786,~~743~~611.6456 25,~~786~~744,~~611~~791.5646 12/01/2004 790032062 N/A 05/01/2014 N 24,~~827~~796,~~870~~514.6242 24,~~796~~768,~~514~~398.4264 12/01/2004 792000773 N/A 04/01/2014 N 24,~~319~~291,~~966~~706.6487 24,~~291~~266,~~706~~947.8741 1201/01/~~2004~~2005 792000819 N/A 07/01/2014 N 22,~~323~~301,~~856~~717.5203 22,~~301~~283,~~717~~261.0393 12/01/2004 790031878 N/A 06/01/2009 N 21,800,000.00 21,800,000.00 12/01/2004 790031426 N/A 05/01/2015 N 21,000,000.00 21,000,000.00 1201/01/~~2004~~2005 793180346 N/A 06/01/2011 N 21,000,000.00 21,000,000.00 1201/01/~~2004~~2005 790031638 N/A 06/01/2014 N 18,~~591~~568,~~610~~155.0682 18,~~568~~547,~~155~~118.8225 1201/01/~~2004~~2005 790028882 N/A 07/01/2014 N 17,~~533~~515,~~839~~008.0788 17,~~515~~498,~~008~~867.8817 1201/01/~~2004~~2005 792000792 N/A 07/01/2011 N 17,~~534~~515,~~612~~958.8938 17,~~515~~500,~~958~~016.3888 1201/01/~~2004~~2005 793171253 N/A 02/01/2009 N 7,~~413~~404,~~622~~488.7006 7,~~404~~396,~~488~~366.0663 1201/01/~~2004~~2005 793171246 N/A 02/01/2009 N 5,~~648~~641,~~081~~122.7853 5,~~641~~634,~~122~~935.5320 1201/01/~~2004~~2005 793171287 N/A 02/01/2009 N 2,~~986~~982,~~308~~628.2165 2,~~982~~979,~~628~~357.6523 1112/01/2004 793171428 N/A 02/01/2009 N ~~516~~515,~~411~~775.8152 515,~~775~~209.5281 1201/01/~~2004~~2005 793171436 N/A 02/01/2009 N ~~339~~338,~~276~~858.6359 338,~~858~~486.5992 1201/01/~~2004~~2005 790028529 N/A 06/01/2014 N 16,~~608~~588,~~389~~409.5773 16,~~588~~570,~~409~~708.7332 1201/01/~~2004~~2005 790031498 N/A 04/01/2014 N 16,~~375~~356,~~990~~590.3311 16,~~356~~339,~~590~~499.11 1201/01/~~2004~~2005 790032258 N/A 06/01/2014 N 15,784,000.00 15,784,000.00 1201/01/~~2004~~2005 792000786 N/A 06/01/2009 N 15,~~625~~603,~~185~~845.9032 15,~~603~~584,~~845~~346.3210 1201/01/~~2004~~2005 793180932 N/A 07/01/2009 N 15,680,500.00 15,680,500.00 1112/01/2004 790032165 N/A 06/01/2014 N 15,~~348~~332,~~804~~099.4863 15,~~332~~317,~~099~~730.6366 1201/01/~~2004~~2005 790031780 N/A 08/01/2014 N 14,~~939~~917,~~649~~669.0324 14,~~917~~898,~~669~~061.2487 12/01/2004 790032171 N/A 06/01/2014 N 15,000,000.00 15,000,000.00 1201/01/~~2004~~2005 790031494 N/A 04/01/2014 N 14,~~247~~223,~~128~~669.2360 14,~~223~~202,~~669~~238.6095 1112/01/2004 790031875 N/A 06/01/2014 N 13,~~891~~868,~~382~~163.6912 13,~~868~~846,~~163~~853.1243 1201/01/~~2004~~2005 792000815 N/A 07/01/2014 N 13,~~778~~763,~~497~~811.8165 13,~~763~~751,~~811~~253.6550 12/01/2004 790031281 N/A 04/01/2009 N 12,~~964~~947,~~241~~870.8327 12,~~947~~933,~~870~~201.2713 1201/01/~~2004~~2005 793180320 N/A 06/01/2014 N 11,~~719~~706,~~219~~767.4059 11,~~706~~696,~~767~~141.5906 1201/01/~~2004~~2005 790031999 N/A 05/01/2014 N 11,~~430~~417,~~850~~969.9772 11,~~417~~406,~~969~~776.7290 1201/01/~~2004~~2005 791044865 N/A 06/01/2011 N 10,750,000.00 10,750,000.00 1201/01/~~2004~~2005 790029615 N/A 07/01/2014 N 10,~~662~~651,~~731~~953.6141 10,~~651~~642,~~953~~905.4125 1201/01/~~2004~~2005 792000799 N/A 07/01/2014 N 10,~~450~~436,~~144~~066.8034 10,~~436~~423,~~066~~823.3472 1201/01/~~2004~~2005 790031653 N/A 06/01/2014 N 10,~~445~~433,~~547~~569.0879 10,~~433~~423,~~569~~100.7983 12/01/2004 793171121 N/A 02/01/2014 N 10,~~413~~402,~~904~~469.1921 10,~~402~~392,~~469~~639.2107 1112/01/2004 790030749 N/A 06/01/2011 N 10,~~396~~384,~~395~~584.7087 10,~~384~~374,~~584~~289.8772 1201/01/~~2004~~2005 793000138 N/A 07/01/2011 N 10,~~372~~361,~~050~~181.6757 10,~~361~~351,~~181~~940.5739 1112/01/2004 790030996 N/A 05/01/2009 N 10,400,000.00 10,400,000.00 1201/01/~~2004~~2005 793179967 N/A 05/01/2009 N 10,~~170~~158,~~691~~031.0471 10,~~158~~146,~~031~~722.7132 1201/01/~~2004~~2005 792000788 N/A 06/01/2011 N 9,~~999~~987,~~122~~888.4698 9,~~987~~978,~~888~~129.9894 12/01/2004 793179678 N/A 07/01/2014 N 9,~~945~~930,~~506~~496.0318 9,~~930~~917,~~496~~029.1850 1201/01/~~2004~~2005 790031580 N/A 04/01/2014 N 9,~~923~~911,~~062~~067.2315 9,~~911~~900,~~067~~441.1508 1201/01/~~2004~~2005 790031733 N/A 06/01/2014 N 9,~~753~~743,~~491~~112.5372 9,~~743~~734,~~112~~250.7285 1201/01/~~2004~~2005 790031951 N/A 06/01/2014 N 9,100,000.00 9,100,000.00 1201/01/~~2004~~2005 790031746 N/A 07/01/2009 N 9,000,000.00 9,000,000.00 12/01/2004 793180411 N/A 07/01/2011 N 8,~~965~~955,~~142~~279.1196 8,~~955~~946,~~279~~760.9650 1201/01/~~2004~~2005 790030543 N/A 06/01/2014 N 8,~~961~~953,~~843~~153.6064 8,~~953~~945,~~153~~980.6404 1201/01/~~2004~~2005 793172079 N/A 05/01/2014 N 8,~~547~~537,~~062~~241.6555 8,~~537~~528,~~241~~657.5599 12/01/2004 790032169 N/A 06/01/2014 N 8,~~518~~508,~~268~~997.0521 8,~~508~~501,~~997~~022.2173 1201/01/~~2004~~2005 792000805 N/A 07/01/2009 N 8,~~369~~360,~~232~~428.2877 8,~~360~~352,~~428~~934.7716 12/01/2004 790028558 N/A 03/01/2014 N 8,~~284~~275,~~229~~018.0248 8,~~275~~267,~~018~~061.4807 1201/01/~~2004~~2005 790031607 N/A 06/01/2014 N 7,~~954~~944,~~403~~514.9628 7,~~944~~935,~~514~~676.2817 1201/01/~~2004~~2005 792000802 N/A 07/01/2014 N 7,~~774~~766,~~001~~409.8006 7,~~766~~760,~~409~~116.0673 12/01/2004 793180213 N/A 03/01/2014 N 7,~~747~~738,~~657~~084.6131 7,~~738~~729,~~084~~547.3193 1201/01/~~2004~~2005 793180403 N/A 07/01/2014 N 7,~~669~~661,~~620~~056.7453 7,~~661~~653,~~056~~623.5392 12/01/2004 790032200 N/A 07/01/2019 N 7,~~514~~491,~~270~~685.4817 7,~~491~~470,~~685~~176.1787 1201/01/~~2004~~2005 790031964 N/A 07/01/2011 N 7,~~467~~458,~~881~~963.5420 7,~~458~~451,~~963~~071.2063 1201/01/~~2004~~2005 792000789 N/A 06/01/2014 N 7,~~167~~160,~~423~~093.9038 7,~~160~~153,~~093~~919.3856 1201/01/~~2004~~2005 791045188 N/A 05/01/2009 N 6,~~801~~792,~~416~~605.5295 6,~~792~~784,~~605~~656.9576 1201/01/~~2004~~2005 790030605 N/A 07/01/2014 N 6,~~772~~764,~~067~~080.8654 6,~~764~~757,~~080~~258.5456 1101/01/~~2004~~2005 790031224 N/A 03/01/2014 N 6,550,000.00 6,550,000.00 1201/01/~~2004~~2005 790030938 N/A 05/01/2014 N 6,~~442~~432,~~558~~171.8656 6,~~432~~422,~~171~~719.5635 1201/01/~~2004~~2005 793179835 N/A 05/01/2014 N 6,~~458~~451,~~823~~093.9965 6,~~451~~444,~~093~~244.6570 1112/01/2004 790031260 N/A 05/01/2014 N 6,~~348~~338,~~196~~702.8655 6,~~338~~330,~~702~~217.5522 1201/01/~~2004~~2005 793171634 N/A 02/01/2009 N 2,~~986~~982,~~112~~432.1583 2,~~982~~979,~~432~~161.8362 1112/01/2004 793171683 N/A 02/01/2009 N 1,~~168~~167,~~498~~059.7903 1,~~167~~165,~~059~~778.0397 1112/01/2004 793171667 N/A 02/01/2009 N 1,~~056~~055,~~614~~312.4454 1,~~055~~054,~~312~~155.5405 1112/01/2004 793171691 N/A 02/01/2009 N ~~957,809.36~~ 956,629.20 11955,579.94 12/01/2004 793000140 N/A 07/01/2014 N 5,~~979~~973,~~152~~120.4100 5,~~973~~968,~~120~~059.0038 12/01/2004 793171006 N/A 02/01/2014 N 5,~~896~~890,~~751~~276.1018 5,~~890~~884,~~276~~709.1898 1201/01/~~2004~~2005 790031078 N/A 04/01/2014 N 5,~~808~~802,~~613~~078.4588 5,~~802~~796,~~078~~408.8857 1201/01/~~2004~~2005 790032445 N/A 08/01/2009 N 5,~~613~~606,~~142~~284.4135 5,~~606~~600,~~284~~174.3586 12/01/2004 793166188 N/A 10/01/2013 N 5,~~431~~425,~~421~~482.0990 5,~~425~~420,~~482~~401.9078 1112/01/2004 790031882 N/A 07/01/2014 N 5,~~242~~233,~~562~~738.4247 5,~~233~~225,~~738~~693.4700 1201/01/~~2004~~2005 793172038 N/A 04/01/2014 N 5,~~219~~207,~~500~~300.3806 5,~~207~~195,~~300~~873.0600 1201/01/~~2004~~2005 790031549 N/A 06/01/2014 N 5,~~198~~193,~~983~~409.9691 5,~~193~~188,~~409~~638.9165 1101/01/~~2004~~2005 790032152 N/A 07/01/2014 N 5,~~180~~174,~~498~~945.3126 5,~~174~~170,~~945~~187.2698 1201/01/~~2004~~2005 793180429 N/A 07/01/2014 N 5,~~182~~177,~~774~~736.5681 5,~~177~~173,~~736~~569.8164 1201/01/~~2004~~2005 790032166 N/A 06/01/2014 N 5,~~110~~105,~~960~~398.8130 5,~~105~~100,~~398~~613.3061 1201/01/~~2004~~2005 790030347 N/A 05/01/2014 N 5,~~071~~066,~~877~~555.8801 5,~~066~~062,~~555~~034.0196 12/01/2004 793179793 N/A 05/01/2014 N 5,~~066~~059,~~069~~855.7853 5,~~059~~054,~~855~~324.5391 12/01/2004 790031247 N/A 04/01/2014 N 4,~~961~~955,~~449~~441.5210 4,~~955~~950,~~441~~115.1079 1201/01/~~2004~~2005 793180478 N/A 07/01/2014 N 4,~~883~~878,~~433~~610.1536 4,~~878~~874,~~610~~596.3655 1112/01/2004 790031611 N/A 08/01/2014 N 4,840,000.00 4,840,000.00 1201/01/~~2004~~2005 790032168 N/A 07/01/2014 N 4,~~781~~776,~~786~~612.2415 4,~~776~~772,~~612~~165.1593 1201/01/~~2004~~2005 790210766 N/A 07/01/2011 N 4,~~633~~628,~~559~~820.6437 4,~~628~~624,~~820~~824.3788 1201/01/~~2004~~2005 790032007 N/A 07/01/2014 N 4,~~483~~478,~~202~~415.7318 4,~~478~~474,~~415~~318.1879 12/01/2004 790031118 N/A 03/01/2014 N 4,~~471~~466,~~795~~626.5751 4,~~466~~462,~~626~~107.5178 1201/01/~~2004~~2005 790031930 N/A 07/01/2014 N 4,~~371~~363,~~429~~768.0297 4,~~363~~356,~~768~~667.9700 1201/01/~~2004~~2005 790210655 N/A 05/01/2013 N 4,~~371~~365,~~041~~728.6175 4,~~365~~361,~~728~~011.7579 1112/01/2004 793179843 N/A 05/01/2009 N 4,~~220~~215,~~769~~443.1742 4,~~215~~210,~~443~~669.4213 1201/01/~~2004~~2005 790032446 N/A 08/01/2009 N 4,~~185~~180,~~937~~822.1683 4,~~180~~176,~~822~~266.8374 12/01/2004 790031899 N/A 06/01/2014 N 3,~~966~~959,~~781~~738.6184 3,~~959~~953,~~738~~196.8491 12/01/2004 790031400 N/A 04/01/2014 N 3,~~967~~962,~~498~~469.2984 3,~~962~~957,~~469~~960.8419 1201/01/~~2004~~2005 793172632 N/A 05/01/2014 N 3,~~818~~814,~~972~~987.6126 3,~~814~~811,~~987~~609.2661 1201/01/~~2004~~2005 790032167 N/A 06/01/2014 N 3,~~811~~807,~~327~~179.8680 3,~~807~~803,~~179~~611.8078 1201/01/~~2004~~2005 793179629 N/A 05/01/2014 N 3,~~778~~774,~~704~~686.6230 3,~~774~~771,~~686~~258.3073 1112/01/2004 790031170 N/A 04/01/2014 N 3,750,000.00 3,750,000.00 12/01/2004 793000139 N/A 07/01/2014 N 3,~~737~~733,~~221~~508.5511 3,~~733~~730,~~508~~410.1143 12/01/2004 793180288 N/A 06/01/2014 N 3,~~732~~729,~~908~~067.4540 3,~~729~~725,~~067~~825.4044 1201/01/~~2004~~2005 790029532 N/A 04/01/2014 N 3,~~353~~350,~~833~~423.7997 3,~~350~~347,~~423~~563.9762 1112/01/2004 793172624 N/A 05/01/2014 N 3,~~237~~233,~~176~~797.0181 3,~~233~~230,~~797~~934.8172 1201/01/~~2004~~2005 790031472 N/A 07/01/2014 N 3,~~187~~184,~~942~~512.5042 3,~~184~~181,~~512~~570.4226 1201/01/~~2004~~2005 793179595 N/A 06/01/2014 N 3,200,000.00 3,200,000.00 1201/01/~~2004~~2005 793179587 N/A 06/01/2014 N 3,120,000.00 3,120,000.00 1201/01/~~2004~~2005 790031585 N/A 06/01/2009 N 3,000,000.00 3,000,000.00 1201/01/~~2004~~2005 790032233 N/A 07/01/2014 N 3,000,000.00 3,000,000.00 1201/01/~~2004~~2005 790032001 N/A 07/01/2009 N 2,~~888~~885,~~605~~391.8212 2,~~885~~882,~~391~~604.1206 1201/01/~~2004~~2005 790031578 N/A 07/01/2014 N 2,~~790~~787,~~365~~571.2136 2,~~787~~785,~~571~~234.3614 1201/01/~~2004~~2005 790031608 N/A 06/01/2014 N 2,~~636~~633,~~495~~517.7117 2,~~633~~630,~~517~~925.1720 1201/01/~~2004~~2005 790031535 N/A 05/01/2014 N 2,~~583~~580,~~219~~131.8040 2,~~580~~577,~~131~~401.4061 1201/01/~~2004~~2005 790032022 N/A 07/01/2014 N 1,~~989~~986,~~645~~768.7335 1,~~986~~984,~~768~~215.3511 1201/01/~~2004~~2005 790032198 N/A 07/01/2019 N 1,~~774~~768,~~657~~046.0463 1,~~768~~761,~~046~~672.6399 1201/01/~~2004~~2005 790031021 N/A 07/01/2014 N 1,~~778~~776,~~115~~165.3591 1,~~776~~774,~~165~~483.9167 1201/01/~~2004~~2005 790030601 N/A 04/01/2014 N 1,~~728~~726,~~062~~168.8379 1,~~726~~724,~~168~~538.7960 1201/01/~~2004~~2005 790030862 N/A 08/01/2014 N 1,~~695~~693,~~369~~625.8232 1,~~693~~692,~~625~~150.3226 1112/01/2004 790031883 N/A 07/01/2014 N 1,~~118~~116,~~290~~456.1404 1,~~116~~114,~~456~~793.0454 1201/01/~~2004~~2005 790029735 N/A 04/01/2014 N ~~990,300.86~~ 988,794.31 987,443.19 12/01/2004 Totals 1,~~373~~372,~~303~~007,~~841~~907.9419 1,~~372~~370,~~007~~850,~~907~~054.1908

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 01/10/2005 0 $0.00 0 $0.00 0 $0.00 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 01/10/2005 0 $0.00 0 $0.00 0 $0.00 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 01/10/2005 0 $0.00 0 $0.00 5.299691% 5.247787% 94 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 793184546 5 0 12/01/2004 175,078.26 175,078.26 A 793000135 7 0 12/01/2004 176,008.40 176,008.40 A 790032348 11 0 12/01/2004 149,536.50 149,536.50 A 790032062 12 0 12/01/2004 131,909.86 131,909.86 A 792000819 14 0 12/01/2004 135,619.65 135,619.65 A 790031878 15 0 12/01/2004 89,937.11 89,937.11 A 793171287 23 0 1112/01/2004 16,111.3168 16,111.3168 A 793180932 30 0 1112/01/2004 57,913.31 57,913.31 A 790031780 32 0 12/01/2004 96,180.60 96,180.60 A 790031494 34 0 1112/01/2004 87,~~214~~215.5312 87,~~214~~215.5312 A 792000815 36 0 12/01/2004 80,364.03 80,364.03 A 790031653 43 0 12/01/2004 58,634.37 58,634.37 A 793171121 44 0 1112/01/2004 60,~~235~~236.3955 60,~~235~~236.3955 A 793000138 46 0 1112/01/2004 61,087.1138 61,087.1138 A ~~790030605~~792000788 6949 0 1112/01/2004 4456,~~105~~813.0209 4456,~~105~~813.0209 A 790031746 54 0 12/01/2004 42,245.00 42,245.00 A 793172079 57 0 12/01/2004 47,464.76 47,464.76 A 792000805 59 0 12/01/2004 49,185.28 49,185.28 A 792000802 62 0 12/01/2004 47,629.04 47,629.04 A 793180403 64 0 12/01/2004 42,963.32 42,963.32 A 793179835 72 0 1112/01/2004 34,~~545~~546.2200 34,~~545~~546.2200 A 793171634 74 0 1112/01/2004 16,110.2662 16,110.2662 A 793171683 75 0 1112/01/2004 6,304.1327 6,304.1327 A 793171667 76 0 1112/01/2004 5,700.5063 5,700.5063 A 793171691 77 0 1112/01/2004 5,167.4456 5,167.4456 A 793000140 78 0 12/01/2004 35,978.15 35,978.15 A 790032445 81 0 12/01/2004 30,059.22 30,059.22 A 793166188 82 0 1112/01/2004 32,009.0161 32,009.61 A 790030347 89 0 12/01/2004 29,795.13 29,795.13 A ~~790031549~~793179793 8590 0 1112/01/2004 3027,~~355~~027.8898 3027,~~355~~027.8898 A 793180478 92 0 1112/01/2004 29,370.1866 29,370.1866 A 790032007 96 0 12/01/2004 26,120.24 26,120.24 A 790210655 99 0 1112/01/2004 23,~~452~~453.6922 23,~~452~~453.6922 A 790032446 101 0 12/01/2004 22,416.33 22,416.33 A 790031899 102 0 12/01/2004 22,843.96 22,843.96 A 793179629 106 0 1112/01/2004 21,967.1757 21,967.1757 A 790031170 107 0 12/01/2004 16,439.58 16,439.58 A 793000139 108 0 12/01/2004 22,679.93 22,679.93 A 790029532 110 0 1112/01/2004 20,~~178~~179.9925 20,~~178~~179.9925 A 790030862 125 0 1112/01/2004 10,051.8286 10,051.8286 A 790029735 127 0 12/01/2004 6,375.57 6,375.57 A Totals 1841 ~~561~~2,~~879~~106,730.9665 ~~561~~2,~~879~~106,730.9665

Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date 793184546 41,200,000.00 0.00 793000135 34,156,070.09 0.00 790032348 25,786,611.56 0.00 790032062 24,796,514.42 0.00 792000819 22,301,717.03 0.00 790031878 21,800,000.00 0.00 793171287 2,~~986~~982,~~308~~628.2165 0.00 793180932 15,680,500.00 0.00 790031780 14,917,669.24 0.00 790031494 14,~~247~~223,~~128~~669.2360 6,252.57 792000815 13,763,811.65 0.00 790031653 10,433,569.79 0.00 793171121 10,~~413~~402,~~904~~469.1921 0.00 793000138 10,~~372~~361,~~050~~181.6757 0.00 ~~790030605~~792000788 69,~~772~~987,~~067~~888.8698 0.00 790031746 9,000,000.00 0.00 793172079 8,537,241.55 0.00 792000805 8,360,428.77 0.00 792000802 7,766,409.06 0.00 793180403 7,661,056.53 0.00 793179835 6,~~458~~451,~~823~~093.9965 0.00 793171634 2,~~986~~982,~~112~~432.1583 0.00 793171683 1,~~168~~167,~~498~~059.7903 0.00 793171667 1,~~056~~055,~~614~~312.4454 0.00 793171691 ~~957~~956,~~809~~629.3620 0.00 793000140 5,973,120.00 0.00 790032445 5,606,284.35 0.00 793166188 5,~~431~~425,~~421~~482.0990 0.00 ~~790031549~~790030347 5,~~198~~066,~~983~~555.9601 0.00 793179793 5,059,855.53 0.00 793180478 4,~~883~~878,~~433~~610.1536 0.00 790032007 4,478,415.18 0.00 790210655 4,~~371~~365,~~041~~728.6175 0.00 790032446 4,180,822.83 0.00 790031899 3,959,738.84 0.00 793179629 3,~~778~~774,~~704~~686.6230 0.00 790031170 3,750,000.00 0.00 793000139 3,733,508.11 0.00 790029532 3,~~353~~350,~~833~~423.7997 0.00 790030862 1,~~695~~693,~~369~~625.8232 20.00 790029735 988,~~325~~794.5731 0.00 Totals ~~101~~393,~~812~~017,~~605~~616.9371 26,~~325~~252.57

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = A (1841 loans) ~~561~~2,~~879~~106,730.9665 ~~561~~2,~~879~~106,730.9665 ~~101~~393,~~812~~017,~~605~~616.9371 26,~~325~~252.57 (1) Status of Mortgage Loan A - Payment Not Received But Still In Grace Period B - Late Payment But Less Than 1 Month Delinquent 0 - Current 1 - One Month Delinquent 2 - Two Months Delinquent 3 - Three or More Months Delinquent 4 - Assumed Scheduled Payment (Performing Matured Balloon) 7 - Foreclosure 9 - REO (2) Resolution Strategy Code 1 - Modification 2 - Foreclosure 3 - Bankruptcy 4 - Extension 5 - Note Sale 6 - DPO 7 - REO 8 - Resolved 9 - Pending Return to Master Servicer 10 - Deed In Lieu Of Foreclosure 11 - Full Payoff 12 - Reps and Warranties 13 - Other or TBD ** Outstanding P & I Advances include the current period advance.

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

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