8-K 1 bsc04t16_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 13, 2005 (Date of earliest event reported) Commission File No.: 333-86366-09 Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2004-TOP16 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2162612 54-2162613 54-2162679 54-6643834 (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 13, 2005, a distribution was made to holders of Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2004-TOP16. 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-TOP16, relating to the January 13, 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. Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2004-TOP16 (Registrant) By: Wells Fargo Bank, N.A. as Paying Agent By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: January 13, 2005 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2004-TOP16, relating to the January 13, 2005 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2004-TOP16 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 13, 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 Current Mortgage Loan and Property Stratification Tables 8 - 10 Mortgage Loan Detail 11 - 14 Principal Prepayment Detail 15 Historical Detail 16 Delinquency Loan Detail 17 Specially Serviced Loan Detail 18 - 19 Modified Loan Detail 20 Liquidated Loan Detail 21 Depositor Bear Stearns Commercial Mortgage Securities Inc. 383 Madison Avenue New York, NY 10179 Contact: General Information Number Phone Number: (212) 272-2000 Master Servicer Wells Fargo Bank, N.A. 45 Fremont Street, 2nd Floor investorreporting@wellsfargo.com San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (415) 222-2364 Special Servicer ARCap Servicing, Inc. 5605 N. MacArthur Blvd. Irving, TX 75038 Contact: Chris Crouch Phone Number: (972) 580-1688 This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the, 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 07383FU22 2.620000% 20,000,000.00 2019,~~000~~056,~~000~~454.0063 ~~943~~846,~~545~~447.3731 4341,~~666~~606.6759 A-2 07383FU30 3.700000% 60,000,000.00 60,000,000.00 0.00 185,000.00 A-3 07383FU48 4.030000% 100,000,000.00 100,000,000.00 0.00 335,833.33 A-4 07383FU55 4.320000% 100,000,000.00 100,000,000.00 0.00 360,000.00 A-5 07383FU63 4.600000% 80,000,000.00 80,000,000.00 0.00 306,666.67 A-6 07383FU71 4.750000% 676,075,000.00 676,075,000.00 0.00 2,676,130.21 B 07383FU97 4.820000% 20,231,000.00 20,231,000.00 0.00 81,261.18 C 07383FV21 4.850000% 13,005,000.00 13,005,000.00 0.00 52,561.8887 D 07383FV39 4.890000% 13,005,000.00 13,005,000.00 0.00 52,995.38 E 07383FV47 4.990000% 15,895,000.00 15,895,000.00 0.00 66,096.71 F 07383FV62 5.210000% 10,115,000.00 10,115,000.00 0.00 43,915.96 G 07383FV70 5.~~263114~~263099% 11,560,000.00 11,560,000.00 0.00 50,701.3319 H 07383FV88 5.~~463114~~463099% 10,115,000.00 10,115,000.00 0.00 46,049.5037 J 07383FV96 4.493000% 2,891,000.00 2,891,000.00 0.00 10,824.39 K 07383FW20 4.493000% 4,335,000.00 4,335,000.00 0.00 16,230.96 L 07383FW38 4.493000% 5,780,000.00 5,780,000.00 0.00 21,641.28 M 07383FW46 4.493000% 1,445,000.00 1,445,000.00 0.00 5,410.32 N 07383FW53 4.493000% 1,445,000.00 1,445,000.00 0.00 5,410.32 O 07383FW61 4.493000% 2,890,000.00 2,890,000.00 0.00 10,820.64 P 07383FW79 4.493000% 7,225,001.19 7,225,001.19 0.00 27,051.61 R-1 N/A 0.000000% 0.00 0.00 0.00 0.00 R-2 N/A 0.000000% 0.00 0.00 0.00 0.00 R-3 N/A 0.000000% 0.00 0.00 0.00 0.00 Totals 1,156,012,001.19 1,~~156~~155,~~012~~068,~~001~~455.1982 ~~943~~846,~~545~~447.3731 4,~~398~~396,~~268~~207.3498

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 07383FU22 0.00 0.00 ~~987~~888,~~212~~053.0490 1918,~~056~~210,~~454~~007.6332 10.3839% A-2 07383FU30 0.00 0.00 185,000.00 60,000,000.00 10.3839% A-3 07383FU48 0.00 0.00 335,833.33 100,000,000.00 10.3839% A-4 07383FU55 0.00 0.00 360,000.00 100,000,000.00 10.3839% A-5 07383FU63 0.00 0.00 306,666.67 80,000,000.00 10.3839% A-6 07383FU71 0.00 0.00 2,676,130.21 676,075,000.00 10.3839% B 07383FU97 0.00 0.00 81,261.18 20,231,000.00 8.6364% C 07383FV21 0.00 0.00 52,561.8887 13,005,000.00 7.51% D 07383FV39 0.00 0.00 52,995.38 13,005,000.00 6.38% E 07383FV47 0.00 0.00 66,096.71 15,895,000.00 5.0001% F 07383FV62 0.00 0.00 43,915.96 10,115,000.00 4.13% G 07383FV70 0.00 0.00 50,701.3319 11,560,000.00 3.13% H 07383FV88 0.00 0.00 46,049.5037 10,115,000.00 2.25% J 07383FV96 0.00 0.00 10,824.39 2,891,000.00 2.00% K 07383FW20 0.00 0.00 16,230.96 4,335,000.00 1.63% L 07383FW38 0.00 0.00 21,641.28 5,780,000.00 1.13% M 07383FW46 0.00 0.00 5,410.32 1,445,000.00 1.00% N 07383FW53 0.00 0.00 5,410.32 1,445,000.00 0.88% O 07383FW61 0.00 0.00 10,820.64 2,890,000.00 0.63% P 07383FW79 0.00 0.00 27,051.61 7,225,001.19 0.00% R-1 N/A 0.00 0.00 0.00 0.00 0.00% R-2 N/A 0.00 0.00 0.00 0.00 0.00% R-3 N/A 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 5,~~341~~242,~~813~~655.7129 1,~~155~~154,~~068~~222,~~455~~008.8251

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount X-1 07383FV54 0.~~118684~~116463% 1,156,012,001.19 1,~~156~~155,~~012~~068,~~001~~455.1982 ~~114~~112,~~333~~101.8697 X-2 07383FU89 0.~~812510~~812491% 1,108,051,000.00 1,108,051,000.00 750,~~252~~234.4530

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount X-1 07383FV54 0.00 ~~114~~112,~~333~~101.8697 1,~~155~~154,~~068~~222,~~455~~008.8251 X-2 07383FU89 0.00 750,~~252~~234.4530 1,108,051,000.00 (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 07383FU22 ~~1,000~~952.~~00000000~~82273150 4742.~~17726850~~32236550 2.~~18333350~~08032950 0.00000000 0.00000000 ~~952~~910.~~82273150~~50036600 A-2 07383FU30 1,000.00000000 0.00000000 3.08333333 0.00000000 0.00000000 1,000.00000000 A-3 07383FU48 1,000.00000000 0.00000000 3.35833330 0.00000000 0.00000000 1,000.00000000 A-4 07383FU55 1,000.00000000 0.00000000 3.60000000 0.00000000 0.00000000 1,000.00000000 A-5 07383FU63 1,000.00000000 0.00000000 3.83333338 0.00000000 0.00000000 1,000.00000000 A-6 07383FU71 1,000.00000000 0.00000000 3.95833334 0.00000000 0.00000000 1,000.00000000 B 07383FU97 1,000.00000000 0.00000000 4.01666650 0.00000000 0.00000000 1,000.00000000 C 07383FV21 1,000.00000000 0.00000000 4.~~04166705~~04166628 0.00000000 0.00000000 1,000.00000000 D 07383FV39 1,000.00000000 0.00000000 4.07500038 0.00000000 0.00000000 1,000.00000000 E 07383FV47 1,000.00000000 0.00000000 4.15833344 0.00000000 0.00000000 1,000.00000000 F 07383FV62 1,000.00000000 0.00000000 4.34166683 0.00000000 0.00000000 1,000.00000000 G 07383FV70 1,000.00000000 0.00000000 4.~~38592820~~38591609 0.00000000 0.00000000 1,000.00000000 H 07383FV88 1,000.00000000 0.00000000 4.~~55259516~~55258230 0.00000000 0.00000000 1,000.00000000 J 07383FV96 1,000.00000000 0.00000000 3.74416811 0.00000000 0.00000000 1,000.00000000 K 07383FW20 1,000.00000000 0.00000000 3.74416609 0.00000000 0.00000000 1,000.00000000 L 07383FW38 1,000.00000000 0.00000000 3.74416609 0.00000000 0.00000000 1,000.00000000 M 07383FW46 1,000.00000000 0.00000000 3.74416609 0.00000000 0.00000000 1,000.00000000 N 07383FW53 1,000.00000000 0.00000000 3.74416609 0.00000000 0.00000000 1,000.00000000 O 07383FW61 1,000.00000000 0.00000000 3.74416609 0.00000000 0.00000000 1,000.00000000 P 07383FW79 1,000.00000000 0.00000000 3.74416686 0.00000000 0.00000000 1,000.00000000 R-1 N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 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 07383FV54 ~~1,000~~999.~~00000000~~18379276 0.~~09890370~~09697302 0.00000000 ~~999~~998.~~18379276~~45157950 X-2 07383FU89 1,000.00000000 0.~~67709198~~67707560 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding ~~790~~479,~~329~~508.1511 Master Servicing Advances Outstanding 0.00 Reimbursement for Interest on Advances 0.00 paid from general collections

Master Servicing Fee Summary Current Period Accrued Master Servicing Fees 3738,~~772~~896.2466 Less Delinquent Master Servicing Fees 21,~~450~~737.5378 Less Reductions to Master Servicing Fees 0.00 Plus Master Servicing Fees for Delinquent Payments Received 03,776.0007 Plus Adjustments for Prior Master Servicing Calculation 0.00 Total Master Servicing Fees Collected 3540,~~321~~934.7195

Certificate Interest Reconciliation Class Accrued Net Aggregate Realized Previously Unpaid Distributable Distributable Certificate Prepayment Losses/ Interest Certificate Certificate Interest Interest Expense (including interest Interest Interest Shortfall Losses thereon) Adjustment A-1 4341,~~666~~606.6759 0.00 0.00 0.00 4341,~~666~~606.6759 0.00 A-2 185,000.00 0.00 0.00 0.00 185,000.00 0.00 A-3 335,833.33 0.00 0.00 0.00 335,833.33 0.00 A-4 360,000.00 0.00 0.00 0.00 360,000.00 0.00 A-5 306,666.67 0.00 0.00 0.00 306,666.67 0.00 A-6 2,676,130.21 0.00 0.00 0.00 2,676,130.21 0.00 X-1 ~~114~~112,~~333~~101.8697 0.00 0.00 0.00 ~~114~~112,~~333~~101.8697 0.00 X-2 750,~~252~~234.4530 0.00 0.00 0.00 750,~~252~~234.4530 0.00 B 81,261.18 0.00 0.00 0.00 81,261.18 0.00 C 52,561.88 0.00 0.00 0.00 52,561.88 0.00 D 52,995.38 0.00 0.00 0.00 52,995.38 0.00 E 66,096.71 0.00 0.00 0.00 66,096.71 0.00 F 43,915.96 0.00 0.00 0.00 43,915.96 0.00 G 50,701.3319 0.00 0.00 0.00 50,701.3319 0.00 H 46,049.5037 0.00 0.00 0.00 46,049.5037 0.00 J 10,824.39 0.00 0.00 0.00 10,824.39 0.00 K 16,230.96 0.00 0.00 0.00 16,230.96 0.00 L 21,641.28 0.00 0.00 0.00 21,641.28 0.00 M 5,410.32 0.00 0.00 0.00 5,410.32 0.00 N 5,410.32 0.00 0.00 0.00 5,410.32 0.00 O 10,820.64 0.00 0.00 0.00 10,820.64 0.00 P 27,051.61 0.00 0.00 0.00 27,051.61 0.00 Total 5,~~262~~258,~~854~~544.6526 0.00 0.00 0.00 5,~~262~~258,~~854~~544.6526 0.00

Class Interest Remaining Distribution Unpaid Interest A-1 4341,~~666~~606.6759 0.00 A-2 185,000.00 0.00 A-3 335,833.33 0.00 A-4 360,000.00 0.00 A-5 306,666.67 0.00 A-6 2,676,130.21 0.00 X-1 ~~114~~112,~~333~~101.8697 0.00 X-2 750,~~252~~234.4530 0.00 B 81,261.18 0.00 C 52,561.8887 0.00 D 52,995.38 0.00 E 66,096.71 0.00 F 43,915.96 0.00 G 50,701.3319 0.00 H 46,049.5037 0.00 J 10,824.39 0.00 K 16,230.96 0.00 L 21,641.28 0.00 M 5,410.32 0.00 N 5,410.32 0.00 O 10,820.64 0.00 P 27,051.61 0.00 Total 5,~~262~~258,~~854~~544.6525 0.00

Other Required Information Available Distribution Amount (1) 6,~~206~~104,~~400~~991.0256 Principal Distribution Amount ~~943~~846,~~545~~447.3731 (a) Principal portion of Scheduled Payments ~~943~~846,~~545~~447.3731 and any Assumed Scheduled Payments (b) Principal Prepayments 0.00 (c) Principal Portion of Balloon Payments 0.00 (d) Liquidation, Condemnation, Purchase, 0.00 and Insurance Proceeds and REO Income Received on a Mortgage Loan Aggregate Number of Outstanding Mortgage Loans 123 Aggregate Unpaid Principal Balance of the Mortgage Loans 1,~~155~~154,~~223~~326,~~356~~611.5825 Aggregate Scheduled Principal Balance of the Mortgage Loans 1,~~155~~154,~~068~~222,~~455~~008.8251 Interest Reserve Account Deposits 0158,933.0029 Withdrawals 0.00 Total Master Servicing and Special Servicing Fee Paid 3540,~~321~~934.7195 Master Servicing Fee Paid 3540,~~321~~934.7195 Special Servicing Fee Paid 0.00 Trustee Fee Paid ~~809~~832.2175 Paying Agent Fee Paid 1,~~310~~348.1526 Expense Losses (Additional Trust Fund Expenses) 0.00 (i) Special Servicing and Liquidation Fees 0.00 (ii) Advance Interest 0.00 (iii)Indemnification Expenses 0.00 (iv) Taxes Imposed on the Trust 0.00 (v) Amount of any Advance not Recovered 0.00 upon a Final Recovery Determination (1) The Available Distribution Amount includes any Prepayment Premiums.

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 5,458,555.26 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 5,458,555.26 Principal: Scheduled Principal 846,447.31 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 846,447.31 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 6,305,002.57 Total Funds Distributed Fees: Master Servicing Fee 38,896.66 Trustee Fee 832.75 Certificate Administration Fee 1,348.26 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 41,077.67 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 158,933.29 Payments to Certificateholders & Others: Interest Distribution 5,258,544.25 Principal Distribution 846,447.31 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 6,104,991.56 Total Funds Distributed 6,305,002.52

Current Mortgage Loan and Property Stratification Tables Scheduled Balance Scheduled # of Scheduled % of WAM WAC Weighted Balance Loans Balance Agg. (2) Avg DSCR (1) Bal. Below 1,000,000 3 2,~~873~~870,~~097~~031.5464 0.25 ~~147~~146 5.~~7666~~7658 2.~~233642~~234303 1,000,001 to 2,000,000 14 23,~~514~~479,~~170~~653.6437 2.0403 ~~120~~119 5.~~8601~~8600 1.~~603637~~603925 2,000,001 to 3,000,000 18 47,~~233~~176,~~773~~123.4711 4.09 ~~112~~111 5.7642 1.~~855222~~855351 3,000,001 to 4,000,000 18 64,~~482~~423,~~313~~156.5853 5.58 ~~133~~132 5.~~8022~~8021 2.~~387435~~387591 4,000,001 to 5,000,000 9 41,~~767~~712,~~281~~639.1136 3.6261 ~~123~~122 5.~~6612~~6611 1.~~786807~~786931 5,000,001 to 6,000,000 14 74,~~310~~249,~~882~~139.4357 6.43 ~~129~~128 5.~~6483~~6480 1.~~956880~~957278 6,000,001 to 7,000,000 4 26,~~742~~698,~~606~~128.7701 2.3231 ~~117~~116 5.~~4300~~4298 2.~~054180~~053948 7,000,001 to 8,000,000 5 37,~~944~~914,~~448~~305.7920 3.2928 ~~116~~115 5.6378 1.~~839978~~840041 8,000,001 to 9,000,000 7 6059,~~050~~972,~~306~~075.9883 5.20 ~~116~~115 5.3018 2.~~511748~~511673 9,000,001 to 10,000,000 3 29,~~063~~034,~~169~~278.4329 2.52 ~~133~~132 5.~~4826~~4827 2.~~954599~~954421 10,000,001 to 15,000,000 9 114,~~406~~272,~~158~~804.8560 9.90 ~~102~~101 5.5381 1.~~621505~~621569 15,000,001 to 20,000,000 8 149,~~923~~837,~~243~~704.7139 12.98 ~~111~~110 5.~~6917~~6916 1.~~854981~~855111 20,000,001 to 25,000,000 2 49,994,750.00 4.33 ~~118~~117 5.4700 1.810002 25,000,001 and greater 9 432,~~762~~587,~~252~~218.5261 37.4748 ~~109~~108 5.~~3237~~3238 2.~~021327~~021365 Totals 123 1,~~155~~154,~~068~~222,~~455~~008.8251 100.00 ~~114~~113 5.5045 1.~~987814~~987889

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alabama 1 5,~~231~~209,~~904~~544.6983 0.45 ~~177~~176 5.7800 1.310000 Alaska 1 1,~~597~~595,~~171~~882.5020 0.14 5857 6.1500 1.580000 Arizona 2 15,~~238~~229,~~777~~169.5398 1.32 ~~103~~102 5.~~5183~~5182 1.~~781729~~781806 California 30 ~~234~~233,~~210~~976,~~517~~697.8162 20.2827 ~~117~~116 5.~~7261~~7262 1.~~869210~~869138 Colorado 4 21,~~536~~514,~~552~~198.1080 1.86 9392 5.4456 2.~~232068~~232034 Connecticut 2 10,~~574~~569,~~013~~090.9768 0.92 ~~115~~114 5.~~5895~~5894 2.~~485465~~485840 Delaware 1 6,~~476~~470,~~161~~665.7410 0.56 ~~116~~115 6.0100 1.420000 Florida 6 43,~~634~~626,~~753~~962.8266 3.78 8382 4.~~8119~~8117 2.~~715387~~715597 Georgia 2 9,~~519~~506,~~079~~716.8833 0.82 ~~121~~120 5.~~5197~~5196 1.~~783807~~783821 Hawaii 1 10,~~692~~676,~~348~~704.7923 0.93 5857 5.3500 1.430000 Idaho 1 3,~~975~~971,~~866~~249.7268 0.34 ~~115~~114 6.6500 1.510000 Illinois 8 138,~~609~~564,~~266~~273.4129 12.00 ~~114~~113 5.5784 1.~~765150~~765233 Indiana 1 882,000.00 0.08 7877 4.1110 3.450000 Kansas 1 1,~~893~~891,~~047~~444.4388 0.16 ~~116~~115 6.0200 1.600000 Louisiana 1 1,~~297~~296,~~520~~376.5202 0.11 ~~118~~117 5.8100 1.720000 Maryland 1 3,~~280~~273,~~175~~887.7552 0.28 ~~237~~236 6.4500 1.320000 Massachusetts 3 37,~~611~~574,~~899~~160.7453 3.26 ~~150~~149 5.5280 1.~~715718~~715721 Michigan 2 3,~~663~~660,~~230~~986.5993 0.32 ~~100~~99 5.~~0217~~0212 2.~~279926~~280539 Minnesota 1 8,~~184~~176,~~117~~768.5694 0.71 ~~118~~117 5.7400 1.340000 Mississippi 1 3,~~988~~984,~~176~~625.4506 0.35 ~~117~~116 5.8000 1.500000 Nevada 6 55,~~568~~538,~~458~~852.0336 4.81 ~~116~~115 5.~~6266~~6265 1.~~850843~~850947 New Jersey 3 ~~100~~99,~~063~~946,~~245~~881.7378 8.66 ~~116~~115 4.9615 1.~~749441~~749452 New York 13 125,~~924~~858,~~795~~932.7908 10.90 ~~119~~118 5.4563 2.~~669505~~669172 North Carolina 8 26,~~310~~280,~~144~~714.1573 2.28 9291 5.~~2572~~2563 1.~~953031~~953879 North Dakota 1 1,~~294~~291,~~590~~972.5292 0.11 ~~118~~117 6.0200 1.250000 Ohio 4 36,~~151~~138,~~121~~765.1534 3.13 ~~117~~116 5.6213 1.~~750826~~750830 Pennsylvania 4 20,~~259~~230,~~772~~773.4499 1.75 ~~122~~121 5.7131 1.~~730489~~730423 South Carolina 1 3,~~364~~356,~~856~~296.2306 0.29 ~~106~~105 5.8920 1.260000 Tennessee 3 18,~~477~~465,~~015~~750.3571 1.60 ~~127~~126 5.~~7788~~7786 1.~~856143~~856434 Texas 6 20,~~898~~881,~~984~~162.9990 1.81 ~~116~~115 5.9860 1.~~755874~~755877 Utah 1 2,~~395~~393,~~412~~294.4008 0.21 ~~118~~117 5.8000 1.390000 Vermont 1 7,~~166~~159,~~288~~908.6233 0.62 ~~115~~114 5.8470 1.580000 Virginia 8 146,~~256~~193,~~370~~748.7858 12.6667 ~~106~~105 5.~~3800~~3801 2.~~205937~~205939 Washington 3 11,~~160~~153,~~816~~549.6436 0.97 ~~117~~116 5.~~5978~~5977 1.~~987668~~987758 Washington,DC 1 17,680,000.00 1.53 ~~119~~118 5.6500 1.933726 Totals 133 1,~~155~~154,~~068~~222,~~455~~008.8251 100.00 ~~114~~113 5.5045 1.~~987814~~987889

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. 1.25 or less 3 7,~~412~~390,~~384~~476.8434 0.64 ~~179~~178 5.~~9534~~9536 1.~~162862~~162853 1.26 to 1.35 13 92,~~385~~247,~~982~~839.8000 87.0099 ~~125~~124 5.~~7962~~7961 1.~~297466~~297465 1.36 to 1.45 14 77,~~225~~144,~~136~~512.1268 6.6968 ~~109~~108 5.~~7422~~7423 1.~~417456~~417457 1.46 to 1.55 9 54,~~790~~732,~~390~~364.4067 4.74 ~~116~~115 5.7859 1.~~500158~~500159 1.56 to 1.65 13 63,~~359~~312,~~841~~435.4400 5.49 ~~114~~113 5.~~8283~~8282 1.~~592546~~592547 1.66 to 1.75 17 122,~~852~~727,~~500~~769.0779 10.6463 ~~115~~114 5.5565 1.~~689776~~689773 1.76 to 1.85 7 74,~~070~~047,~~074~~296.3453 6.4142 ~~115~~114 5.~~5810~~5809 1.~~805232~~805234 1.86 or greater 47 662,~~972~~619,~~145~~314.8150 57.4041 ~~112~~111 5.3588 2.~~313380~~313309 Totals 123 1,~~155~~154,~~068~~222,~~455~~008.8251 100.00 ~~114~~113 5.5045 1.~~987814~~987889

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 8 41,~~129~~064,~~088~~546.7641 3.56 ~~143~~142 5.7923 1.~~450125~~450193 Lodging 2 54,~~230~~176,~~233~~325.0233 4.69 79 5.~~2924~~2927 2.~~237448~~237525 Mixed Use 3 22,~~625~~603,~~887~~066.7790 1.96 ~~117~~116 5.5504 1.~~526435~~526430 Mobile Home Park 6 24,~~438~~410,~~364~~555.5725 2.1211 8887 5.3189 2.~~233275~~233297 Multi-Family 23 132,~~253~~110,~~456~~841.7776 11.45 ~~135~~134 5.~~4774~~4775 2.~~802390~~802324 Office 20 350,~~579~~459,~~774~~655.3286 30.3536 ~~117~~116 5.5851 1.~~840002~~840065 Other 2 9,~~937~~933,~~542~~806.1894 0.86 ~~118~~117 5.6851 1.~~601924~~601974 Retail 65 ~~493~~492,~~250~~876,~~874~~083.7300 42.70 ~~111~~110 5.~~4536~~4534 1.~~924789~~924995 Self Storage 4 26,~~623~~587,~~233~~127.7006 2.30 7473 5.~~5733~~5734 1.~~688417~~688431 Totals 133 1,~~155~~154,~~068~~222,~~455~~008.8251 100.00 ~~114~~113 5.5045 1.~~987814~~987889

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 4.500% or less 3 8,160,000.00 0.71 6261 4.2418 3.402047 4.501% to 5.000% 10 ~~203~~202,~~120~~938,~~758~~162.0168 17.5958 9190 4.8226 2.~~356781~~356912 5.001% to 5.500% 27 ~~224~~223,~~123~~911,~~047~~982.8070 19.40 ~~113~~112 5.3640 2.~~130335~~130331 5.501% to 6.000% 54 613,~~913~~582,~~330~~157.9156 53.1516 ~~118~~117 5.6835 1.~~844419~~844529 6.001% to 6.500% 26 99,~~710~~595,~~525~~892.8429 8.63 ~~143~~142 6.1404 1.~~709316~~709397 6.501% or greater 3 6,~~040~~033,~~793~~813.2628 0.52 ~~115~~114 6.6634 1.~~553148~~553145 Totals 123 1,~~155~~154,~~068~~222,~~455~~008.8251 100.00 ~~114~~113 5.5045 1.~~987814~~987889

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less ~~119~~117 1,~~138~~119,~~660~~113,~~444~~181.0028 9896.5896 ~~112~~110 5.~~5023~~5093 1.~~992311~~935796 13 to 24 months 24 826,~~095~~803,~~540~~424.6633 02.7032 ~~101~~147 5.~~2749~~1426 14.~~512664~~210397 25 to 36 months 0 0.00 0.00 0 0.0000 0.000000 37 to 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 123 1,~~155~~154,~~068~~222,~~455~~008.8251 100.00 ~~114~~113 5.5045 1.~~987814~~987889

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 10 84,~~452~~357,~~840~~477.1798 7.31 5756 5.~~0693~~0691 2.~~145220~~145426 61 to 120 months 96 992,~~584~~005,~~778~~711.0783 85.9395 ~~112~~111 5.5360 1.~~882695~~882807 121 to 180 months 5 30,~~957~~925,~~892~~438.1014 2.68 ~~166~~165 5.~~3814~~3813 5.~~044081~~044284 181 months and greater 2 8,~~312~~305,~~471~~402.1690 0.72 ~~355~~354 6.0260 1.834611 Totals 113 1,~~116~~115,~~307~~594,~~981~~030.5085 96.6465 ~~111~~110 5.5001 1.~~989870~~989946

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 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 180 months 7 30,~~307~~195,~~642~~123.4098 2.62 ~~177~~176 5.4404 2.~~127346~~127426 181 to 240 months 3 8,~~452~~432,~~831~~853.9268 0.73 ~~220~~219 6.3192 1.~~216010~~216062 Totals 10 38,~~760~~627,~~474~~977.3266 3.3635 ~~186~~185 5.~~6321~~6323 1.~~928603~~928467

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 16 227,663,762.00 19.7172 ~~100~~99 5.2711 2.375349 180 months or less 0 0.00 0.00 0 0.0000 0.000000 181 to 240 months 6 31,~~742~~671,~~415~~266.1449 2.7574 ~~106~~105 5.8911 1.~~600965~~601022 241 to 300 months 19 134,~~552~~377,~~352~~889.3681 11.6564 9493 5.~~5257~~5258 1.~~716378~~716341 301 to 360 months 70 ~~713~~712,~~068~~602,~~754~~069.9332 61.7374 ~~118~~117 5.~~5507~~5508 1.~~917796~~917775 361 months or more 2 9,~~280~~279,~~697~~043.0723 0.80 ~~138~~137 5.5160 3.~~366751~~366278 Totals 113 1,~~116~~115,~~307~~594,~~981~~030.5085 96.6465 ~~111~~110 5.5001 1.~~989870~~989946

Age of Most Recent NOI Age of Most # of Scheduled % of WAM WAC Weighted Recent NOI Loans Balance Agg. (2) Avg DSCR (1) Bal. Underwriter's Information 123 1,~~155~~154,~~068~~222,~~455~~008.8251 100.00 ~~114~~113 5.5045 1.~~987814~~987889 1 year or less 0 0.00 0.00 0 0.0000 0.000000 1 to 2 years 0 0.00 0.00 0 0.0000 0.000000 2 years and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 123 1,~~155~~154,~~068~~222,~~455~~008.8251 100.00 ~~114~~113 5.5045 1.~~987814~~987889 (1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is used. The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. (2) Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date Balance of the related mortgage loan as disclosed in the offering document. Note: (i) An ARD Loan constitutes a "Hyper-Amortization Loan" as defined in the offering document.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type (1) City State Payment Payment Coupon 600873701 1 OF Chicago IL ~~446~~460,~~104~~974.1731 0.00 5.635% 700201699 2 RT Elizabeth NJ ~~320~~330,~~117~~368.9015 ~~101~~90,~~066~~816.2803 4.830% 510901763 3 OF Herndon VA ~~291~~301,~~375~~087.0050 0.00 5.550% 610901728 4 RT Las Vegas NV ~~166~~172,~~500~~050.00 0.00 5.550% 510901764 5 LO Alexandria VA ~~142~~146,~~297~~790.8365 5853,~~400~~907.5169 4.980% 850500050 6 RT Plantation FL 126,072.92 0.00 4.655% 850500077 7 RT Sterling VA ~~147~~152,~~497~~414.4604 0.00 5.584% 850201662 8 OF Boston MA ~~139~~143,~~480~~967.3759 3430,~~797~~310.4119 5.410% 850500053 9 MF Los Angeles CA ~~141~~145,~~275~~984.0017 0.00 5.651% 700400181 10 OF New York NY ~~112~~116,~~500~~250.00 0.00 5.400% 700400186 11 OF Cincinnati OH ~~115~~119,~~392~~238.4384 0.00 5.540% 850500085 12 LO Santa Monica CA 97100,~~116~~353.6789 0.00 5.827% 700201690 13 IN Tracy CA 9598,~~228~~298.8235 2118,~~231~~162.7724 5.730% 310901380 14 RT South Lake Tahoe CA 98101,~~488~~668.6881 1916,~~967~~787.8572 5.980% 850500066 15 RT East Northport NY 85,057.92 0.00 5.330% 850500079 16 OF Ridgewood NJ 8588,~~371~~118.2996 2018,~~795~~047.2356 5.475% 700400158 17 MU New York NY 8183,~~040~~648.1164 1917,~~631~~022.1057 5.490% 850500091 18 OF Washington DC 8386,~~243~~018.3311 0.00 5.650% 850201684 19 RT Goleta CA 8688,~~025~~797.1031 1815,~~291~~519.4423 6.051% 700400115 20 RT Foster City CA 7476,~~236~~632.0905 1512,~~311~~915.1014 5.960% 600873702 21 RT Frankfort IL 6870,~~736~~916.9261 2321,~~296~~117.7809 5.560% 310901727 22 OF West Seneca NY 6567,~~787~~980.5042 0.00 5.700% 850500055 23 OF New York NY 6264,~~059~~060.7000 1311,804.7747 5.750% 700400136 24 OF Los Angeles CA 5961,~~331~~215.8054 1917,~~080~~196.0531 5.720% 310901650 25 MH Edwards CO 4850,~~986~~556.4789 1413,~~773~~203.6927 4.910% 850500040 26 RT Fairview Heights IL 4748,~~107~~616.8587 1413,~~725~~216.6664 4.830% 850201494 27 RT Various Various 5456,~~683~~354.5953 2928,~~927~~256.7177 5.892% 310901719 28 SS Kihei HI 4749,~~746~~259.5506 1715,~~157~~644.0756 5.350% 850500032 29 RT Phoenix AZ 4547,~~968~~447.3772 119,~~086~~607.9055 5.544% 700201320 30 MF New York NY 4041,~~389~~681.3477 1211,~~744~~451.1370 4.910% 850500060 31 RT Carrollton TX 4648,~~577~~081.7286 97,~~336~~831.0389 6.026% 310901691 32 MF Huntington Beach CA 3941,~~935~~220.7508 108,~~209~~925.4714 5.330% 700201330 33 MF New York NY 3940,~~127~~382.4386 109,~~738~~482.2784 5.280% 610901735 34 MF Cypress CA 3839,~~066~~187.1867 3331,~~105~~983.1263 5.170% 850500056 35 RT Cary NC 33,702.50 0.00 4.758% 310901699 36 SS Los Angeles CA 3738,~~335~~518.9530 1312,~~497~~315.6530 5.350% 600873703 37 RT Duluth GA 3839,~~338~~571.0837 98,~~408~~175.9162 5.510% 310901481 38 RT Sartell MN 3940,~~188~~452.5627 87,~~612~~348.3362 5.740% 600873704 39 MF Franklin TN 35,615.83 0.00 5.410% 600873723 40 RT Philadelphia PA 3637,~~512~~688.1342 87,~~346~~169.2091 5.675% 600873705 41 OF Pittsburgh PA 3536,~~408~~504.4549 1716,~~689~~593.4339 5.530% 310901581 42 RT San Lorenzo CA 3537,~~937~~135.5042 0.00 5.750% 850500057 43 OF Williston VT 3436,~~954~~081.3267 76,~~507~~380.6429 5.847% 610901734 44 MF Cypress CA 2930,~~939~~821.6977 2625,~~037~~155.7466 5.170% 850500063 45 RT Greensboro NC 25,973.67 0.00 4.652% 310901567 46 RT Reno NV 3233,~~846~~865.5171 1413,~~845~~826.6646 5.920% 600873706 47 MF Dover DE 3233,~~467~~515.5694 65,~~545~~496.0264 6.010% 600873707 48 OT Chicago IL 26,457.50 0.00 5.570% 850500042 49 RT Wytheville VA 20,040.15 0.00 4.302% 310901670 50 RT Salinas CA 2627,~~853~~719.5099 54,~~663~~797.5102 5.870% 850500058 51 RT Stamford CT 2627,~~517~~372.6365 54,~~778~~923.3129 5.807% 310901526 52 RT Belleville IL 2627,~~387~~238.4379 54,~~572~~721.8751 5.880% 600873708 53 RT Franklin TN 2526,~~798~~630.8495 54,~~547~~715.5645 5.830% 850500080 54 RT Scottsdale AZ 24,~~159~~964.1747 0.00 5.470% 600873709 55 RT Franklin TN 2728,~~630~~511.7964 76,~~430~~549.0419 6.280% 600873710 56 IN Cottondale AL 2526,~~311~~040.5535 2322,~~088~~359.6686 5.780% 850201493 57 RT Auburn MA 2627,~~271~~120.8410 54,~~292~~444.3711 6.026% 600873724 58 RT Fairfield CT 2223,~~763~~521.0077 0.00 5.356% 310901669 59 RT Salinas CA 2425,~~900~~703.5299 54,~~251~~448.6114 5.870% 310901657 60 SS Sacramento CA 2627,~~636~~493.0137 54,~~641~~784.6529 6.280% 850500010 61 RT Tampa FL 20,387.00 0.00 4.817% 310901706 62 RT Burlingame CA 25,~~121~~932.0347 4,~~985~~173.2076 6.040% 310901655 63 RT Pearland TX 2324,~~661~~424.8952 54,~~326~~563.4683 5.690% 600873711 64 MF Virginia Beach VA 2122,~~619~~314.5103 5,~~836~~141.0351 5.200% 700400159 65 OF Las Vegas NV 23,~~032~~763.5536 76,~~661~~930.1029 5.600% 600873726 66 RT University Heights OH 2122,~~820~~511.4762 76,~~547~~856.5944 5.570% 310901673 67 RT Susanville CA 2122,~~464~~155.0292 4,~~768~~076.1828 5.740% 310901008 68 IN San Jose CA 18,~~360~~937.1511 7,~~950~~373.8286 5.120% 600873712 69 OT Wilton NY 2021,~~644~~310.1213 43,~~401~~735.2524 5.840% 600873713 70 RT Chapel Hill NC 21,~~604~~544.8030 11,~~730~~790.0454 6.190% 600873714 71 MF Jackson MS 19,~~296~~918.3673 43,~~173~~551.7639 5.800% 410901680 72 RT Silverdale WA 18,~~959~~939.8564 4,~~256~~276.1738 5.700% 600873715 73 RT Louisville CO 1920,~~846~~487.5624 43,~~058~~417.3769 5.970% 620901620 74 RT Nampa ID 22,~~062~~767.4236 54,~~321~~617.9804 6.650% 410901750 75 MF Walnut Creek CA 17,~~090~~640.7707 43,~~493~~944.5121 5.270% 850500059 76 OF Fort Washington PA 19,~~337~~961.3861 3,~~959~~335.9168 5.966% 700201119 77 MF Las Vegas NV 17,~~280~~835.7216 4,~~599~~045.7026 5.450% 410901499 78 MF Bremerton WA 16,846.67 0.00 5.320% 310901523 79 RT Medina OH 1718,~~504~~069.8670 3,~~710~~145.0420 5.840% 700400007 80 MF New York NY 16,~~212~~742.5474 21,~~184~~653.0484 5.430% 410901459 81 RT New York NY 19,~~044~~637.1159 76,~~463~~869.0052 6.430% 410901749 82 MF Richland WA 16,~~294~~819.2283 32,~~516~~990.5190 5.790% 700400006 83 MF New York NY 1516,~~635~~138.1702 3,~~819~~316.2439 5.570% 600873716 84 RT Callaway MD 1718,~~667~~218.7164 6,~~839~~288.1623 6.450% 850500017 85 RT Clay NY 12,096.75 0.00 4.572% 600873717 86 IN Deer Park TX 1516,~~878~~391.7975 32,~~128~~615.7377 6.060% 850201492 87 IN Richmond VA 1516,~~512~~013.8977 32,~~125~~624.0315 6.026% 410901665 88 RT Various Various 1516,~~552~~055.4414 2,~~968~~465.1040 6.150% 410901709 89 MU San Francisco CA 1415,~~880~~354.8341 43,~~374~~901.9335 5.960% 410901628 90 MH Grass Valley CA 13,~~508~~943.7226 32,~~374~~940.6814 5.420% 410901702 91 MF Atwater CA 14,~~052~~468.2274 10,~~683~~267.7321 5.640% 410901605 92 RT Colorado Springs CO 1516,~~517~~019.1710 2,~~795~~293.7784 6.360% 850201447 93 RT Port Richey FL 12,530.42 0.00 5.185% 410901686 94 MF Sharonville OH 1415,~~697~~172.9896 2,~~829~~354.1517 6.140% 410901690 95 MH San Jose CA 1112,~~674~~049.5458 32,~~151~~776.4541 5.200% 410901704 96 RT Westminster CO 13,~~497~~927.4821 3,~~868~~438.2350 6.060% 410901546 97 MH Fallon NV 1213,~~808~~215.0608 3,~~880~~473.2624 5.960% 410901604 98 OF Los Angeles CA 11,~~208~~569.8520 2,~~919~~559.7641 5.280% 410901662 99 OF Reston VA 1112,~~677~~066.0832 0.00 5.605% 410901632 100 SS Pleasanton CA 12,~~116~~501.3842 3,~~747~~362.5349 5.840% 410901684 101 MH San Jose CA 1213,~~815~~223.2965 3,~~535~~127.6731 6.180% 600873725 102 RT Various Various 11,~~480~~819.1218 98,~~063~~724.9084 5.588% 850500086 103 OF Salt Lake City UT 11,~~589~~963.8775 2,~~492~~118.2032 5.800% 410901708 104 OF San Juan Capistrano CA 1011,~~769~~116.5706 2,~~692~~345.1970 5.390% 410901598 105 MF Canyon TX 1112,~~997~~385.2420 21,~~209~~821.1620 6.280% 600873718 106 RT Chicago IL 10,~~374~~363.0144 2,~~135~~146.6623 5.940% 600873719 107 IN Oak Forest IL 10,~~546~~536.9195 1,~~884~~894.7470 6.340% 620901622 108 IN Bakersfield CA 10,~~314~~621.5660 6,~~833~~526.9086 6.250% 410901762 109 MF Saginaw Township MI 9,~~559~~865.2718 2,~~549~~243.5766 5.800% 700400044 110 MF Perth Amboy NJ 8,~~768~~735.9737 7,~~466~~500.7636 5.400% 410901582 111 MU Chicago IL 89,~~853~~138.4226 21,~~181~~896.7995 5.470% 410901645 112 RT Springhill KS 9,~~506~~813.3735 1,~~909~~602.5355 6.020% 410901674 113 MH Porterville CA 8,~~667~~943.8057 2,~~564~~288.7295 5.960% 850500039 114 RT Traverse City MI 5,782.81 0.00 4.111% 410901740 115 OF Las Vegas NV 8,~~240~~506.2050 1,~~596~~330.7242 6.090% 410901705 116 MF Anchorage AK 8,~~193~~458.4735 1,~~554~~289.1830 6.150% 410901580 117 IN South Hadley MA 7,~~712~~952.9780 32,~~224~~984.7491 6.220% 410901759 118 RT Marksville LA 6,~~288~~491.6957 1,~~347~~144.3850 5.810% 410901723 119 RT Fargo ND 6,~~508~~711.6801 2,~~819~~617.9360 6.020% 600873720 120 RT Clearwater FL 6,~~070~~264.5677 1,~~390~~196.7251 6.800% 600873721 121 RT Pittsburgh PA 5,~~348~~515.2711 21,~~066~~899.3147 6.430% 600873722 122 OF San Francisco CA 5,~~455~~629.1945 1,~~340~~166.6943 6.570% 850500035 123 RT Hammond IN 3,021.59 0.00 4.111% Totals 5,~~302~~458,~~746~~555.2526 ~~943~~846,~~545~~447.3731

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 600873701 N/A 10/01/2014 N 95,000,000.00 95,000,000.00 1201/01/~~2004~~2005 700201699 N/A 06/08/2014 N 79,~~532~~431,~~397~~331.9870 79,~~431~~340,~~331~~515.7067 1112/08/2004 510901763 N/A 10/01/2014 N 63,000,000.00 63,000,000.00 1201/01/~~2004~~2005 610901728 N/A 10/01/2014 N 36,000,000.00 36,000,000.00 1201/01/~~2004~~2005 510901764 N/A 09/01/2009 N 34,~~288~~230,~~633~~233.5302 34,~~230~~176,~~233~~325.0233 1201/01/~~2004~~2005 850500050 N/A 07/01/2011 N 32,500,000.00 32,500,000.00 1201/01/~~2004~~2005 850500077 N/A 09/01/2014 N 31,700,000.00 31,700,000.00 1201/01/~~2004~~2005 850201662 N/A 09/01/2014 N 30,~~935~~900,~~485~~687.2180 30,~~900~~870,~~687~~377.8061 1201/01/~~2004~~2005 850500053 N/A 07/01/2014 N 30,000,000.00 30,000,000.00 1201/01/~~2004~~2005 700400181 N/A 10/01/2014 N 25,000,000.00 25,000,000.00 1201/01/~~2004~~2005 700400186 N/A 10/01/2014 N 24,994,750.00 24,994,750.00 1101/01/~~2004~~2005 850500085 N/A 10/01/2014 N 20,000,000.00 20,000,000.00 1201/01/~~2004~~2005 700201690 N/A 08/07/2014 N 19,~~943~~921,~~208~~976.4568 19,~~921~~903,~~976~~814.6844 1201/07/~~2004~~2005 310901380 N/A 09/01/2014 N 19,~~763~~743,~~614~~646.0520 19,~~743~~726,~~646~~858.2048 1201/01/~~2004~~2005 850500066 N/A 08/01/2011 N 19,150,000.00 19,150,000.00 1201/01/~~2004~~2005 850500079 N/A 09/01/2014 N 18,~~711~~690,~~515~~719.0683 18,~~690~~672,~~719~~672.8327 1201/01/~~2004~~2005 700400158 N/A 09/01/2014 N 17,~~713~~694,~~684~~053.9383 17,~~694~~677,~~053~~031.8326 1201/01/~~2004~~2005 850500091 N/A 11/01/2014 N 17,680,000.00 17,680,000.00 1201/01/~~2004~~2005 850201684 N/A 09/01/2013 N 17,~~061~~042,~~138~~847.6117 17,~~042~~027,~~847~~327.1794 1101/01/~~2004~~2005 700400115 N/A 07/01/2014 N 14,~~946~~931,~~864~~553.4838 14,~~931~~918,~~553~~638.3824 1201/01/~~2004~~2005 600873702 N/A 08/01/2014 N 14,~~835~~812,~~305~~009.8103 14,~~812~~790,~~009~~891.0394 1201/01/~~2004~~2005 310901727 N/A 09/01/2014 N 13,850,000.00 13,850,000.00 1201/01/~~2004~~2005 850500055 N/A 07/01/2014 N 12,~~951~~937,~~588~~783.7093 12,~~937~~925,~~783~~979.9346 1201/01/~~2004~~2005 700400136 N/A 08/01/2014 N 12,~~447~~428,~~230~~150.3025 12,~~428~~410,~~150~~953.2594 1201/01/~~2004~~2005 310901650 N/A 09/01/2011 N 11,~~972~~957,~~254~~480.3667 11,~~957~~944,~~480~~277.6740 1201/01/~~2004~~2005 850500040 N/A 06/01/2011 N 11,~~704~~689,~~298~~573.8620 11,~~689~~676,~~573~~356.2056 1201/01/~~2004~~2005 850201494 N/A 10/31/2013 N 11,~~137~~107,~~187~~259.3160 11,~~107~~079,~~259~~002.6083 1201/01/~~2004~~2005 310901719 N/A 10/01/2009 N 10,~~709~~692,~~505~~348.8679 10,~~692~~676,~~348~~704.7923 1101/01/~~2004~~2005 850500032 N/A 06/01/2014 N 9,~~949~~938,~~864~~777.4353 9,~~938~~929,~~777~~169.5398 1201/01/~~2004~~2005 700201320 N/A 12/01/2018 N 9,~~871~~858,~~121~~377.5542 9,~~858~~846,~~377~~925.4272 1201/01/~~2004~~2005 850500060 N/A 08/01/2014 N 9,~~275~~266,~~350~~014.5148 9,~~266~~258,~~014~~182.4859 1201/01/~~2004~~2005 310901691 N/A 10/01/2014 N 8,~~991~~980,~~162~~952.2881 8,~~980~~972,~~952~~027.8167 1201/01/~~2004~~2005 700201330 N/A 12/01/2018 N 8,~~892~~881,~~598~~859.1891 8,~~881~~872,~~859~~377.9107 1201/01/~~2004~~2005 610901735 N/A 09/01/2019 N 8,~~835~~802,~~477~~372.7361 8,~~802~~770,~~372~~388.6198 1201/01/~~2004~~2005 850500056 N/A 07/01/2009 N 8,500,000.00 8,500,000.00 1201/01/~~2004~~2005 310901699 N/A 09/01/2009 N 8,~~374~~360,~~419~~921.4883 8,~~360~~348,~~921~~606.8353 1201/01/~~2004~~2005 600873703 N/A 05/01/2014 N 8,~~349~~340,~~491~~082.1726 8,~~340~~331,~~082~~906.2664 1201/01/~~2004~~2005 310901481 N/A 10/01/2014 N 8,~~192~~184,~~729~~117.8956 8,~~184~~176,~~117~~768.5694 1201/01/~~2004~~2005 600873704 N/A 09/03/2014 N 7,900,000.00 7,900,000.00 1201/03/~~2004~~2005 600873723 N/A 07/01/2014 N 7,~~720~~712,~~626~~280.7151 7,~~712~~705,~~280~~110.5160 1101/01/~~2004~~2005 600873705 N/A 10/01/2014 N 7,~~683~~665,~~569~~879.0966 7,~~665~~649,~~879~~286.6627 1201/01/~~2004~~2005 310901581 N/A 08/01/2014 N 7,500,000.00 7,500,000.00 1201/01/~~2004~~2005 850500057 N/A 07/01/2014 N 7,~~173~~166,~~796~~288.2662 7,~~166~~159,~~288~~908.6233 1201/01/~~2004~~2005 610901734 N/A 09/01/2019 N 6,~~949~~923,~~252~~214.1440 6,~~923~~898,~~214~~058.4074 1201/01/~~2004~~2005 850500063 N/A 08/01/2009 N 6,700,000.00 6,700,000.00 1201/01/~~2004~~2005 310901567 N/A 08/01/2014 N 6,~~658~~643,~~076~~230.2963 6,~~643~~629,~~230~~404.6317 1201/01/~~2004~~2005 600873706 N/A 08/01/2014 N 6,~~482~~476,~~706~~161.7674 6,~~476~~470,~~161~~665.7410 1201/01/~~2004~~2005 600873707 N/A 10/01/2014 N 5,700,000.00 5,700,000.00 1201/01/~~2004~~2005 850500042 N/A 06/01/2009 N 5,590,000.00 5,590,000.00 1201/01/~~2004~~2005 310901670 N/A 09/01/2014 N 5,~~489~~483,~~642~~979.7524 5,~~483~~479,~~979~~182.2422 1201/01/~~2004~~2005 850500058 N/A 07/01/2014 N 5,~~479~~474,~~792~~013.2897 5,~~474~~469,~~013~~090.9768 1201/01/~~2004~~2005 310901526 N/A 08/01/2013 N 5,~~385~~379,~~189~~616.1225 5,~~379~~374,~~616~~894.2574 1201/01/~~2004~~2005 600873708 N/A 08/01/2014 N 5,~~310~~304,~~224~~676.2165 5,~~304~~299,~~676~~961.6520 1201/01/~~2004~~2005 850500080 N/A 09/01/2011 N 5,300,000.00 5,300,000.00 1201/01/~~2004~~2005 600873709 N/A 08/01/2017 N 5,~~279~~272,~~768~~338.7470 5,~~272~~265,~~338~~789.7051 1201/01/~~2004~~2005 600873710 N/A 09/01/2019 N 5,~~254~~231,~~993~~904.3569 5,~~231~~209,~~904~~544.6983 1201/01/~~2004~~2005 850201493 N/A 07/01/2034 N 5,~~231~~226,~~696~~404.4104 5,~~226~~221,~~404~~959.0493 1201/01/~~2004~~2005 600873724 N/A 07/01/2014 N 5,100,000.00 5,100,000.00 1201/01/~~2004~~2005 310901669 N/A 09/01/2014 N 5,~~090~~085,~~396~~144.0241 5,~~085~~080,~~144~~696.4127 1201/01/~~2004~~2005 310901657 N/A 09/01/2014 N 5,~~089~~084,~~684~~042.1348 5,~~084~~079,~~042~~258.4819 1201/01/~~2004~~2005 850500010 N/A 04/01/2011 N 5,078,762.00 5,078,762.00 1201/01/~~2004~~2005 310901706 N/A 09/01/2014 N 4,~~990~~985,~~934~~948.0787 4,~~985~~981,~~948~~775.8711 1201/01/~~2004~~2005 310901655 N/A 09/01/2014 N 4,~~990~~984,~~204~~877.3791 4,~~984~~980,~~877~~314.9108 1201/01/~~2004~~2005 600873711 N/A 09/01/2014 N 4,~~989~~983,~~118~~282.5653 4,~~983~~978,~~282~~141.5302 1201/01/~~2004~~2005 700400159 N/A 09/01/2014 N 4,~~935~~927,~~546~~884.0898 4,~~927~~920,~~884~~954.9869 12/01/2004 600873726 N/A 04/01/2014 N 4,~~700~~693,~~998~~450.5798 4,~~693~~686,~~450~~594.9854 1112/01/2004 310901673 N/A 08/01/2014 N 4,~~487~~482,~~251~~483.2305 4,~~482~~478,~~483~~406.0577 1201/01/~~2004~~2005 310901008 N/A 04/01/2013 N 4,~~303~~295,~~161~~210.3149 4,~~295~~287,~~210~~836.4963 1201/01/~~2004~~2005 600873712 N/A 09/01/2014 N 4,~~241~~237,~~943~~542.4318 4,~~237~~233,~~542~~806.1894 1201/01/~~2004~~2005 600873713 N/A 10/01/2021 N 4,~~188~~176,~~330~~600.1612 4,~~176~~164,~~600~~809.1258 1201/01/~~2004~~2005 600873714 N/A 09/01/2014 N 3,~~992~~988,~~350~~176.2145 3,~~988~~984,~~176~~625.4506 1201/01/~~2004~~2005 410901680 N/A 09/01/2014 N 3,~~991~~987,~~547~~291.9376 3,~~987~~983,~~291~~015.7638 1201/01/~~2004~~2005 600873715 N/A 12/01/2012 N 3,~~989~~985,~~257~~199.4003 3,~~985~~981,~~199~~781.0334 1201/01/~~2004~~2005 620901620 N/A 07/01/2014 N 3,~~981~~975,~~188~~866.7072 3,~~975~~971,~~866~~249.7268 1201/01/~~2004~~2005 410901750 N/A 09/01/2014 N 3,~~891~~887,~~637~~143.1362 3,~~887~~883,~~143~~199.6241 1201/01/~~2004~~2005 850500059 N/A 08/01/2014 N 3,~~889~~885,~~516~~556.1322 3,~~885~~882,~~556~~220.2254 1201/01/~~2004~~2005 700201119 N/A 06/01/2013 N 3,~~804~~800,~~929~~330.8717 3,~~800~~796,~~330~~284.1791 1201/01/~~2004~~2005 410901499 N/A 09/01/2014 N 3,800,000.00 3,800,000.00 1201/01/~~2004~~2005 310901523 N/A 10/01/2014 N 3,~~596~~593,~~889~~179.1006 3,~~593~~590,~~179~~033.0686 1201/01/~~2004~~2005 700400007 N/A 02/01/2019 N 3,~~582~~580,~~881~~697.1107 3,~~580~~579,~~697~~043.0723 1201/01/~~2004~~2005 410901459 N/A 08/01/2009 N 3,~~554~~546,~~109~~646.83 3,~~546~~539,~~646~~777.8331 1201/01/~~2004~~2005 410901749 N/A 10/01/2014 N 3,~~377~~373,~~041~~524.3988 3,~~373~~370,~~524~~533.8898 1201/01/~~2004~~2005 700400006 N/A 02/01/2019 N 3,~~368~~364,~~438~~619.2400 3,~~364~~361,~~619~~302.0061 1201/01/~~2004~~2005 600873716 N/A 09/01/2024 N 3,~~287~~280,~~014~~175.9175 3,~~280~~273,~~175~~887.7552 1201/01/~~2004~~2005 850500017 N/A 05/01/2011 N 3,175,000.00 3,175,000.00 1201/01/~~2004~~2005 600873717 N/A 09/01/2014 N 3,~~144~~141,~~314~~185.0330 3,~~141~~138,~~185~~569.3053 1201/01/~~2004~~2005 850201492 N/A 07/01/2034 N 3,~~089~~086,~~192~~067.1512 3,~~086~~083,~~067~~442.1297 1201/01/~~2004~~2005 410901665 N/A 09/01/2014 N 3,~~034~~031,~~622~~654.7060 3,~~031~~029,~~654~~189.6020 1201/01/~~2004~~2005 410901709 N/A 10/01/2014 N 2,~~996~~991,~~140~~765.9198 2,~~991~~987,~~765~~864.9863 1201/01/~~2004~~2005 410901628 N/A 08/01/2011 N 2,~~990~~987,~~861~~486.0537 2,~~987~~984,~~486~~546.3723 1201/01/~~2004~~2005 410901702 N/A 10/01/2019 N 2,~~989~~979,~~834~~150.0532 2,~~979~~968,~~150~~883.3211 1201/01/~~2004~~2005 410901605 N/A 06/01/2014 N 2,~~927~~924,~~768~~972.6891 2,~~924~~922,~~972~~679.9107 1201/01/~~2004~~2005 850201447 N/A 03/01/2011 N 2,900,000.00 2,900,000.00 1201/01/~~2004~~2005 410901686 N/A 08/01/2014 N 2,~~872~~869,~~570~~741.2611 2,~~869~~867,~~741~~386.1194 1201/01/~~2004~~2005 410901690 N/A 09/01/2009 N 2,~~694~~690,~~124~~972.0257 2,~~690~~688,~~972~~196.5716 1201/01/~~2004~~2005 410901704 N/A 09/01/2014 N 2,~~672~~668,~~767~~899.7249 2,~~668~~665,~~899~~460.4999 1201/01/~~2004~~2005 410901546 N/A 05/01/2014 N 2,~~578~~574,~~804~~924.3812 2,~~574~~571,~~924~~450.1288 1201/01/~~2004~~2005 410901604 N/A 10/01/2009 N 2,~~547~~544,~~465~~545.3963 2,~~544~~541,~~545~~986.6322 1201/01/~~2004~~2005 410901662 N/A 08/01/2014 N 2,500,000.00 2,500,000.00 1201/01/~~2004~~2005 410901632 N/A 08/01/2014 N 2,~~489~~485,~~668~~920.1360 2,~~485~~482,~~920~~558.6011 1201/01/~~2004~~2005 410901684 N/A 09/01/2014 N 2,~~488~~484,~~406~~870.2558 2,~~484~~481,~~870~~743.5827 1201/01/~~2004~~2005 600873725 N/A 07/01/2019 N 2,~~465~~456,~~308~~245.9404 2,~~456~~447,~~245~~520.0420 1201/01/~~2004~~2005 850500086 N/A 10/01/2014 N 2,~~397~~395,~~904~~412.6040 2,~~395~~393,~~412~~294.4008 1101/01/~~2004~~2005 410901708 N/A 10/01/2014 N 2,~~397~~394,~~677~~985.5738 2,~~394~~392,~~985~~639.3868 1201/01/~~2004~~2005 410901598 N/A 07/01/2014 N 2,~~292~~290,~~465~~256.6044 2,~~290~~288,~~256~~435.4424 1201/01/~~2004~~2005 600873718 N/A 09/01/2014 N 2,~~095~~093,~~760~~624.1953 2,~~093~~091,~~624~~478.5330 1201/01/~~2004~~2005 600873719 N/A 09/01/2014 N 1,~~996~~994,~~260~~375.1844 1,~~994~~992,~~375~~480.4474 1201/01/~~2004~~2005 620901622 N/A 08/01/2019 N 1,~~980~~973,~~395~~561.0414 1,~~973~~967,~~561~~034.1428 1201/01/~~2004~~2005 410901762 N/A 10/01/2014 N 1,~~977~~975,~~780~~230.1659 1,~~975~~972,~~230~~986.5993 1201/01/~~2004~~2005 700400044 N/A 04/01/2019 N 1,~~948~~941,~~660~~194.9620 1,~~941~~933,~~194~~693.2084 1201/01/~~2004~~2005 410901582 N/A 07/01/2014 N 1,~~942~~940,~~249~~067.7596 1,~~940~~938,~~067~~171.9601 1201/01/~~2004~~2005 410901645 N/A 08/01/2014 N 1,~~894~~893,~~956~~047.9643 1,~~893~~891,~~047~~444.4388 1201/01/~~2004~~2005 410901674 N/A 09/01/2014 N 1,~~745~~742,~~194~~630.9826 1,~~742~~740,~~630~~341.2631 1201/01/~~2004~~2005 850500039 N/A 06/01/2011 N 1,688,000.00 1,688,000.00 1201/01/~~2004~~2005 410901740 N/A 10/01/2014 N 1,~~623~~622,~~684~~088.8513 1,~~622~~620,~~088~~757.1371 1201/01/~~2004~~2005 410901705 N/A 10/01/2009 N 1,~~598~~597,~~725~~171.6850 1,~~597~~595,~~171~~882.5020 1201/01/~~2004~~2005 410901580 N/A 07/01/2014 N 1,~~488~~484,~~032~~807.6490 1,~~484~~481,~~807~~822.9099 1201/01/~~2004~~2005 410901759 N/A 10/01/2014 N 1,~~298~~297,~~867~~520.9052 1,~~297~~296,~~520~~376.5202 1201/01/~~2004~~2005 410901723 N/A 10/01/2014 N 1,~~297~~294,~~410~~590.4552 1,~~294~~291,~~590~~972.5292 1201/01/~~2004~~2005 600873720 N/A 08/01/2014 N 1,~~071~~069,~~275~~885.7705 1,~~069~~068,~~885~~688.0554 1201/01/~~2004~~2005 600873721 N/A 10/03/2024 N ~~998,122.36~~ 996,056.05 12994,156.58 01/03/~~2004~~2005 600873722 N/A 08/01/2014 N ~~996,382.18~~ 995,041.49 12993,875.06 01/01/~~2004~~2005 850500035 N/A 06/01/2011 N 882,000.00 882,000.00 1201/01/~~2004~~2005 Totals 1,~~156~~155,~~012~~068,~~001~~455.1982 1,~~155~~154,~~068~~222,~~455~~008.8251

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 01/13/2005 0 $0.00 0 $0.00 0 $0.00 12/13/2004 0 $0.00 0 $0.00 0 $0.00

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 01/13/2005 0 $0.00 0 $0.00 0 $0.00 12/13/2004 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 01/13/2005 0 $0.00 0 $0.00 5.504489% 5.463089% 113 12/13/2004 0 $0.00 0 $0.00 5.504504% 5.463099% 114 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 ~~700400186~~700400159 1165 0 1112/01/2004 ~~114~~30,~~767~~566.5635 ~~114~~30,~~767~~566.5635 B ~~850201684 19 0 11/01/2004 103,890.01 103,890.01 B 310901719 28 0 11/01/2004 64,635.88 64,635.88 B 600873723 40 0 11/01/2004 44,021.92 44,021.92 B~~ 600873726 66 0 1112/01/2004 29,~~133~~125.0156 29,~~133~~125.0156 B ~~850500086 103 0 11/01/2004 14,022.13 14,022.13 B~~ Totals 62 ~~370~~59,~~470~~691.5191 ~~370~~59,~~470~~691.5191

Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date ~~700400186~~700400159 244,~~994~~927,~~750~~884.0098 0.00 ~~850201684 17,061,138.61 0.00 310901719 10,709,505.86 0.00 600873723 7,720,626.71 0.00~~ 600873726 4,~~700~~693,~~998~~450.5798 0.00 ~~850500086 2,397,904.60 0.00~~ Totals 679,~~584~~621,~~924~~335.3596 0.00

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = B (62 loans) ~~370~~59,~~470~~691.5191 ~~370~~59,~~470~~691.5191 679,~~584~~621,~~924~~335.3596 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 · Bear Stearns Commercial Mortgage Securities Trust 2004-TOP16