8-K 1 msc05hq5_10507.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: July 14, 2005 (Date of earliest event reported) Commission File No.: 333-104283-26 Morgan Stanley Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2005-HQ5 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2169477 54-2169478 54-2169479 54-2169480 54-6658774 (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 July 14, 2005, a distribution was made to holders of Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2005-HQ5. 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 2005-HQ5, relating to the July 14, 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. Morgan Stanley Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2005-HQ5 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Officer By: Beth Belfield, Officer Date: July 14, 2005 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2005-HQ5, relating to the July 14, 2005 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Morgan Stanley Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2005-HQ5 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: July 14, 2005 Record Date: June 30, 2005 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 - 18 Specially Serviced Loan Detail 19 - 20 Modified Loan Detail 21 Liquidated Loan Detail 22 Bond / Collateral Realized Loss Reconciliation 23 Depositor Morgan Stanley Capital I Inc. 1585 Broadway New York, NY 10036 Contact: General Information Number Phone Number: (212) 761-4700 Master Servicer Midland Loan Services, Inc. 10851 Mastin Street Suite 300 Overland Park, KS 66210 Contact: Brad Hauger Phone Number: (913) 253-9000 Special Servicer GMAC Commercial Mortgage Corporation 200 Witmer Road Horsham, PA 19044-8015 Contact: Darri Cunningham Phone Number: (215) 328-1784 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 61745M3B7 4.517000% 121,000,000.00 ~~119~~118,~~446~~695,~~705~~601.1355 ~~751~~838,~~103~~015.5895 ~~449~~446,~~617~~790.3103 A-2 61745M3C5 4.809000% 160,900,000.00 160,900,000.00 0.00 644,806.75 A-3 61745M3D3 5.007000% 159,400,000.00 159,400,000.00 0.00 665,096.50 A-AB 61745M3E1 5.037000% 66,400,000.00 66,400,000.00 0.00 278,714.00 A-4 61745M3F8 5.168000% 711,252,000.00 711,252,000.00 0.00 3,063,125.28 A-J 61745M3H4 5.242000% 112,372,000.00 112,372,000.00 0.00 490,878.35 B 61745M3J0 5.272000% 30,474,000.00 30,474,000.00 0.00 133,882.44 C 61745M3K7 5.302000% 19,046,000.00 19,046,000.00 0.00 84,151.58 D 61745M3L5 5.336000% 15,237,000.00 15,237,000.00 0.00 67,753.86 E 61745M3M3 5.378000% 17,141,000.00 17,141,000.00 0.00 76,820.25 F 61745M3P6 5.~~601877~~429297% 15,237,000.00 15,237,000.00 0.00 7168,~~129~~938.8450 G 61745M3Q4 5.~~661877~~489297% 15,237,000.00 15,237,000.00 0.00 7169,~~891~~700.6935 H 61745M3R2 5.~~661877~~489297% 13,333,000.00 13,333,000.00 0.00 6260,~~908~~990.1766 J 61745M3S0 5.~~661877~~489297% 20,950,000.00 20,950,000.00 0.00 9895,~~846~~833.9498 K 61745M3T8 5.013000% 5,714,000.00 5,714,000.00 0.00 23,870.24 L 61745M3U5 5.013000% 5,714,000.00 5,714,000.00 0.00 23,870.24 M 61745M3V3 5.013000% 5,714,000.00 5,714,000.00 0.00 23,870.24 N 61745M3W1 5.013000% 3,809,000.00 3,809,000.00 0.00 15,912.10 O 61745M3X9 5.013000% 1,905,000.00 1,905,000.00 0.00 7,958.14 P 61745M3Y7 5.013000% 3,809,000.00 3,809,000.00 0.00 15,912.10 Q 61745M3Z4 5.013000% 19,046,515.20 19,046,515.20 0.00 79,~~566~~267.8288 S 61745M4L4 0.000000% 0.00 0.00 0.00 0.00 R-I N/A 0.000000% 0.00 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 0.00 R-III N/A 0.000000% 0.00 0.00 0.00 0.00 R-EA N/A 0.000000% 0.00 0.00 0.00 0.00 Totals 1,523,690,515.20 1,~~522~~521,~~137~~386,~~220~~116.3375 ~~751~~838,~~103~~015.5895 6,~~450~~438,~~582~~143.8447

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 61745M3B7 0.00 0.00 1,~~200~~284,~~720~~805.8998 ~~118~~117,~~695~~857,~~601~~585.5560 20.0304% A-2 61745M3C5 0.00 0.00 644,806.75 160,900,000.00 20.0304% A-3 61745M3D3 0.00 0.00 665,096.50 159,400,000.00 20.0304% A-AB 61745M3E1 0.00 0.00 278,714.00 66,400,000.00 20.0304% A-4 61745M3F8 0.00 0.00 3,063,125.28 711,252,000.00 20.0304% A-J 61745M3H4 0.00 0.00 490,878.35 112,372,000.00 12.6465% B 61745M3J0 0.00 0.00 133,882.44 30,474,000.00 10.6465% C 61745M3K7 0.00 0.00 84,151.58 19,046,000.00 9.39% D 61745M3L5 0.00 0.00 67,753.86 15,237,000.00 8.39% E 61745M3M3 0.00 0.00 76,820.25 17,141,000.00 7.2627% F 61745M3P6 0.00 0.00 7168,~~129~~938.8450 15,237,000.00 6.26% G 61745M3Q4 0.00 0.00 7169,~~891~~700.6935 15,237,000.00 5.26% H 61745M3R2 0.00 0.00 6260,~~908~~990.1766 13,333,000.00 4.38% J 61745M3S0 0.00 0.00 9895,~~846~~833.9498 20,950,000.00 3.0001% K 61745M3T8 0.00 0.00 23,870.24 5,714,000.00 2.63% L 61745M3U5 0.00 0.00 23,870.24 5,714,000.00 2.25% M 61745M3V3 0.00 0.00 23,870.24 5,714,000.00 1.88% N 61745M3W1 0.00 0.00 15,912.10 3,809,000.00 1.63% O 61745M3X9 0.00 0.00 7,958.14 1,905,000.00 1.50% P 61745M3Y7 0.00 0.00 15,912.10 3,809,000.00 1.25% Q 61745M3Z4 0.00 0.00 79,~~566~~267.8288 19,046,515.20 0.00% S 61745M4L4 0.00 0.00 0.00 0.00 0.00% R-I N/A 0.00 0.00 0.00 0.00 0.00% R-II N/A 0.00 0.00 0.00 0.00 0.00% R-III N/A 0.00 0.00 0.00 0.00 0.00% R-EA N/A 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 7,~~201~~276,~~686~~159.42 1,~~521~~520,~~386~~548,~~116~~100.7580

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount X-1 61745M3N1 0.~~045866~~041356% 1,523,690,515.20 1,~~522~~521,~~137~~386,~~220~~116.3375 5852,~~178~~432.6852 X-2 61745M3G6 0.~~543347~~378286% 1,486,416,000.00 1,486,416,000.00 ~~673~~468,~~033~~575.5328

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount X-1 61745M3N1 0.00 5852,~~178~~432.6852 1,~~521~~520,~~386~~548,~~116~~100.7580 X-2 61745M3G6 0.00 ~~673~~468,~~033~~575.5328 1,486,416,000.00 (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 61745M3B7 ~~987~~980.~~16285231~~95538471 6.~~20746760~~92575165 3.~~71584554~~69247959 0.00000000 0.00000000 ~~980~~974.~~95538471~~02963306 A-2 61745M3C5 1,000.00000000 0.00000000 4.00750000 0.00000000 0.00000000 1,000.00000000 A-3 61745M3D3 1,000.00000000 0.00000000 4.17250000 0.00000000 0.00000000 1,000.00000000 A-AB 61745M3E1 1,000.00000000 0.00000000 4.19750000 0.00000000 0.00000000 1,000.00000000 A-4 61745M3F8 1,000.00000000 0.00000000 4.30666667 0.00000000 0.00000000 1,000.00000000 A-J 61745M3H4 1,000.00000000 0.00000000 4.36833330 0.00000000 0.00000000 1,000.00000000 B 61745M3J0 1,000.00000000 0.00000000 4.39333333 0.00000000 0.00000000 1,000.00000000 C 61745M3K7 1,000.00000000 0.00000000 4.41833351 0.00000000 0.00000000 1,000.00000000 D 61745M3L5 1,000.00000000 0.00000000 4.44666667 0.00000000 0.00000000 1,000.00000000 E 61745M3M3 1,000.00000000 0.00000000 4.48166676 0.00000000 0.00000000 1,000.00000000 F 61745M3P6 1,000.00000000 0.00000000 4.~~66823128~~52441425 0.00000000 0.00000000 1,000.00000000 G 61745M3Q4 1,000.00000000 0.00000000 4.~~71823128~~57441425 0.00000000 0.00000000 1,000.00000000 H 61745M3R2 1,000.00000000 0.00000000 4.~~71823071~~57441386 0.00000000 0.00000000 1,000.00000000 J 61745M3S0 1,000.00000000 0.00000000 4.~~71823103~~57441432 0.00000000 0.00000000 1,000.00000000 K 61745M3T8 1,000.00000000 0.00000000 4.17750088 0.00000000 0.00000000 1,000.00000000 L 61745M3U5 1,000.00000000 0.00000000 4.17750088 0.00000000 0.00000000 1,000.00000000 M 61745M3V3 1,000.00000000 0.00000000 4.17750088 0.00000000 0.00000000 1,000.00000000 N 61745M3W1 1,000.00000000 0.00000000 4.17750066 0.00000000 0.00000000 1,000.00000000 O 61745M3X9 1,000.00000000 0.00000000 4.17750131 0.00000000 0.00000000 1,000.00000000 P 61745M3Y7 1,000.00000000 0.00000000 4.17750066 0.00000000 0.00000000 1,000.00000000 Q 61745M3Z4 1,000.00000000 0.00000000 4.~~17750014~~16180488 0.00000000 0.00000000 1,000.00000000 S 61745M4L4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-EA 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 61745M3N1 998.~~98057062~~48762040 0.~~03818274~~03441153 0.00000000 ~~998~~997.~~48762040~~93762948 X-2 61745M3G6 1,000.00000000 0.~~45278948~~31523832 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding 32,~~422~~614,~~915~~668.0288 Servicing Advances Outstanding 288,~~011~~780.1747 Reimbursement for Interest on Advances 0298.0094 paid from general collections

Servicing Fee Summary Current Period Accrued Master Servicing Fees 5352,~~868~~154.1895 Less Delinquent Master Servicing Fees 1915,~~346~~295.9360 Less Reductions to Master Servicing Fees 0.00 Plus Master Servicing Fees for Delinquent Payments Received 2419,~~155~~346.5593 Plus Adjustments for Prior Master Servicing Calculation 0.00 Total Master Servicing Fees Collected 5856,~~676~~206.8028

Certificate Interest Reconciliation Class Accrued Net Aggregate Distributable Distributable Additional Interest Remaining Unpaid Certificate Prepayment Certificate Certificate Trust Fund Distribution Distributable Interest Interest Interest Interest Expenses Certificate Shortfall Adjustment Interest A-1 ~~449~~446,~~617~~790.3103 0.00 ~~449~~446,~~617~~790.3103 0.00 0.00 ~~449~~446,~~617~~790.3103 0.00 A-2 644,806.75 0.00 644,806.75 0.00 0.00 644,806.75 0.00 A-3 665,096.50 0.00 665,096.50 0.00 0.00 665,096.50 0.00 A-AB 278,714.00 0.00 278,714.00 0.00 0.00 278,714.00 0.00 A-4 3,063,125.28 0.00 3,063,125.28 0.00 0.00 3,063,125.28 0.00 A-J 490,878.35 0.00 490,878.35 0.00 0.00 490,878.35 0.00 X-1 5852,~~178~~432.6852 0.00 5852,~~178~~432.6852 0.00 0.00 5852,~~178~~432.6852 0.00 X-2 ~~673~~468,~~033~~575.5328 0.00 ~~673~~468,~~033~~575.5328 0.00 0.00 ~~673~~468,~~033~~575.5328 0.00 B 133,882.44 0.00 133,882.44 0.00 0.00 133,882.44 0.00 C 84,151.58 0.00 84,151.58 0.00 0.00 84,151.58 0.00 D 67,753.86 0.00 67,753.86 0.00 0.00 67,753.86 0.00 E 76,820.25 0.00 76,820.25 0.00 0.00 76,820.25 0.00 F 7168,~~129~~938.8450 0.00 7168,~~129~~938.8450 0.00 0.00 7168,~~129~~938.8450 0.00 G 7169,~~891~~700.6935 0.00 7169,~~891~~700.6935 0.00 0.00 7169,~~891~~700.6935 0.00 H 6260,~~908~~990.1766 0.00 6260,~~908~~990.1766 0.00 0.00 6260,~~908~~990.1766 0.00 J 9895,~~846~~833.9498 0.00 9895,~~846~~833.9498 0.00 0.00 9895,~~846~~833.9498 0.00 K 23,870.24 0.00 23,870.24 0.00 0.00 23,870.24 0.00 L 23,870.24 0.00 23,870.24 0.00 0.00 23,870.24 0.00 M 23,870.24 0.00 23,870.24 0.00 0.00 23,870.24 0.00 N 15,912.10 0.00 15,912.10 0.00 0.00 15,912.10 0.00 O 7,958.14 0.00 7,958.14 0.00 0.00 7,958.14 0.00 P 15,912.10 0.00 15,912.10 0.00 0.00 15,912.10 0.00 Q 79,566.82 0.00 79,566.82 0.00 0298.0094 79,~~566~~267.8288 0298.0094 Total 76,~~181~~959,~~795~~450.0521 0.00 76,~~181~~959,~~795~~450.0521 0.00 0298.0094 76,~~181~~959,~~795~~151.0527 0298.0094

Other Required Information Available Distribution Amount (1) 7,~~932~~797,~~898~~167.6322 Aggregate Number of Outstanding Loans 96 Aggregate Unpaid Principal Balance of Loans 1,~~521~~520,~~507~~693,~~908~~462.8929 Aggregate Stated Principal Balance of Loans 1,~~521~~520,~~386~~548,~~116~~100.7580 Aggregate Amount of Servicing Fee 5856,~~676~~206.8028 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 1,~~963~~901.1973 Aggregate Amount of Paying Agent Fee 0.00 Aggregate Trust Fund Expenses 0298.0094 Interest Reserve Deposit 0.00 Interest Reserve Withdrawal 0.00 Specially Serviced Loans not Delinquent Number of Outstanding Loans 0 Aggregate Unpaid Principal Balance 0.00 (1) The Available Distribution Amount includes any Prepayment Premiums.

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 7,013,506.90 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 7,013,506.90 Principal: Scheduled Principal 838,015.95 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 838,015.95 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 7,851,522.85 Total Funds Distributed Fees: Master Servicing Fee 52,154.95 Trustee Fee 1,901.73 Paying Agent Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 54,056.69 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 298.94 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 298.94 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 6,959,151.27 Principal Distribution 838,015.95 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 7,797,167.22 Total Funds Distributed 7,851,522.85

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. 2,000,000 or less 6 9,~~083~~075,~~472~~372.6973 0.60 ~~122~~121 5.~~6263~~6261 1.~~978968~~979499 2,000,001 to 3,000,000 7 17,~~656~~640,~~891~~532.6899 1.16 ~~105~~104 5.4295 1.~~726501~~726776 3,000,001 to 4,000,000 8 29,~~976~~946,~~011~~126.3758 1.97 ~~113~~112 5.~~7490~~7489 1.~~362912~~362941 4,000,001 to 5,000,000 15 68,~~835~~763,~~616~~225.3098 4.52 ~~114~~113 5.~~6334~~6333 1.~~436013~~436112 5,000,001 to 6,000,000 8 45,~~327~~282,~~743~~198.8621 2.98 ~~100~~99 5.~~5672~~5673 1.~~564211~~564218 6,000,001 to 7,000,000 9 58,~~105~~040,~~650~~296.7966 3.82 ~~103~~102 5.6514 1.~~396999~~397030 7,000,001 to 8,000,000 3 23,~~272~~255,~~610~~919.3503 1.53 ~~115~~114 5.~~6396~~6395 1.~~641139~~602690 8,000,001 to 9,000,000 4 33,~~356~~337,~~005~~685.6975 2.19 ~~105~~104 5.~~4728~~4727 1.~~532270~~532338 9,000,001 to 10,000,000 2 18,880,000.00 1.24 ~~116~~115 5.2227 1.709661 10,000,001 to 15,000,000 12 151,~~604~~491,~~663~~479.6143 9.96 ~~115~~114 5.~~2980~~2981 1.~~850969~~851230 15,000,001 to 20,000,000 1 16,~~377~~351,~~339~~938.8845 1.08 ~~115~~114 5.7300 1.210000 20,000,001 to 30,000,000 5 ~~119~~118,~~088~~990,~~702~~964.4674 7.83 9897 5.~~5130~~5126 2.~~332562~~333356 30,000,001 or greater 16 929,~~821~~492,~~408~~360.0725 61.1213 9695 5.~~5520~~5519 2.~~101142~~101709 Totals 96 1,~~521~~520,~~386~~548,~~116~~100.7580 100.00 ~~101~~100 5.~~5319~~5318 1.~~967760~~967675

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Arizona 3 36,~~500~~478,~~079~~983.2220 2.40 9998 5.~~5554~~5555 1.~~498571~~498647 California 22 247,~~113~~033,~~547~~642.3494 16.2425 ~~115~~114 5.~~3655~~3654 1.~~585274~~581684 Connecticut 1 6,~~714~~707,~~733~~372.8938 0.44 ~~115~~114 5.6400 1.290000 Florida 6 30,~~553~~519,~~077~~469.9153 2.01 ~~114~~113 5.6602 1.~~488243~~488249 Georgia 10 19,~~998~~991,~~463~~752.9938 1.31 9998 5.~~4140~~4138 1.~~622022~~622116 Illinois 2 10,~~949~~932,~~921~~595.0887 0.72 ~~117~~116 5.5100 1.570000 Indiana 1 14,~~910~~891,~~002~~228.7972 0.98 ~~115~~114 5.0400 2.010000 Kansas 5 114,~~628~~384,~~575~~670.4976 7.52 53 54 6.~~6367~~6364 1.~~308203~~308226 Louisiana 2 7,~~279~~270,~~690~~601.5828 0.48 ~~155~~154 5.~~7052~~7053 1.~~416958~~416951 Maryland 1 9,600,000.00 0.63 ~~117~~116 5.1480 1.690000 Massachusetts 1 8,368,571.43 0.55 ~~108~~107 4.8400 3.750000 Michigan 4 20,~~960~~938,~~850~~877.1914 1.38 ~~105~~104 5.~~3864~~3863 1.~~481672~~481863 Minnesota 1 6,~~457~~446,~~645~~946.5565 0.42 5655 5.2500 1.630000 Missouri 2 12,~~024~~009,~~328~~154.3786 0.79 ~~114~~113 5.6366 1.~~510049~~510039 Nebraska 2 8,~~301~~288,~~505~~370.0017 0.55 ~~117~~116 5.5100 1.570000 Nevada 2 19,560,000.00 1.29 ~~115~~114 5.4051 1.651166 New Jersey 7 86,~~420~~366,~~658~~859.0835 5.68 ~~108~~107 5.~~1027~~1025 2.~~662882~~663679 New Mexico 1 8,600,000.00 0.57 ~~115~~114 5.6500 1.560000 New York 9 329,~~385~~361,~~731~~446.5062 21.6566 9291 5.~~6601~~6600 2.~~717895~~717997 North Carolina 2 11,~~704~~690,~~010~~556.8976 0.77 ~~114~~113 5.4147 1.~~419832~~419838 Ohio 2 25,~~213~~184,~~720~~646.4108 1.66 ~~114~~113 5.5075 1.~~334679~~334678 Pennsylvania 8 60,~~870~~806,~~845~~834.7313 4.00 ~~108~~107 5.6368 1.~~394961~~395027 South Carolina 1 14,~~528~~513,~~140~~069.9238 0.95 ~~177~~176 5.8670 1.400000 Tennessee 2 13,~~807~~804,~~240~~125.7834 0.91 ~~109~~108 4.~~9556~~9555 3.~~277960~~278398 Texas 11 212,~~991~~872,~~545~~857.9130 14.00 8483 5.~~2170~~2168 2.~~130337~~132060 Virginia 4 5049,~~019~~964,~~158~~435.6051 3.29 ~~111~~110 5.7649 1.~~215969~~215970 Washington 2 12,~~077~~065,~~620~~306.6993 0.79 ~~113~~112 6.~~0966~~0967 1.~~443859~~443866 Washington,DC 4 194,470,000.00 12.7879 ~~112~~111 5.5082 2.360326 Wisconsin 1 6,~~731~~721,~~466~~573.3080 0.44 ~~118~~117 5.9600 1.300000 Totals 119 1,~~521~~520,~~386~~548,~~116~~100.7580 100.00 ~~101~~100 5.~~5319~~5318 1.~~967760~~967675

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. 1.20 or less 1 36,~~660~~619,~~111~~498.0239 2.41 ~~111~~110 5.7000 1.200000 1.21 to 1.30 22 ~~193~~192,~~258~~950,~~190~~271.2377 12.7069 8584 6.~~0974~~0971 1.~~271442~~271444 1.31 to 1.40 1920 ~~261~~268,~~253~~535,~~495~~254.8528 17.1766 ~~117~~116 5.~~7409~~7352 1.~~373013~~371279 1.41 to 1.50 1312 9991,~~401~~856,~~761~~564.9737 6.5304 ~~110~~109 5.~~6589~~6694 1.~~459394~~461778 1.51 to 1.60 11 232,~~932~~815,~~933~~036.6430 15.31 ~~115~~114 5.3612 1.~~552387~~552379 1.61 to 1.70 7 74,~~805~~790,~~217~~089.4286 4.92 ~~105~~104 5.5631 1.~~638008~~638010 1.71 to 1.80 3 23,~~747~~740,~~243~~424.1674 1.56 ~~101~~100 5.2757 1.~~746143~~746134 1.81 or greater 20 599,~~327~~240,~~163~~961.4609 39.3941 9089 5.2998 2.~~794206~~794848 Totals 96 1,~~521~~520,~~386~~548,~~116~~100.7580 100.00 ~~101~~100 5.~~5319~~5318 1.~~967760~~967675

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 7 50,~~644~~578,~~161~~453.6968 3.33 ~~107~~106 5.6954 1.~~330103~~330123 Lodging 1 24,~~811~~772,~~495~~490.5856 1.63 ~~115~~114 5.6400 1.470000 Mixed Use 2 37,~~993~~950,~~151~~256.7214 2.50 ~~111~~110 5.5948 1.~~331685~~331686 Multi-Family 5 13,~~807~~801,~~165~~208.0816 0.91 ~~113~~112 5.~~5778~~5777 1.~~643956~~644102 Office 44 886,~~798~~656,~~854~~167.7386 58.2931 ~~101~~100 5.4532 2.~~451792~~450961 Other 2 10,~~822~~811,~~645~~946.5565 0.71 5554 5.2944 1.~~763096~~763228 Retail 48 ~~555~~554,~~482~~907,~~746~~939.2084 36.5149 9897 5.~~6757~~6754 1.~~495557~~496173 Self Storage 10 20,~~380~~365,~~912~~485.1061 1.34 ~~114~~113 5.~~6408~~6407 1.~~532677~~532733 Totals 119 1,~~521~~520,~~386~~548,~~116~~100.7580 100.00 ~~101~~100 5.~~5319~~5318 1.~~967760~~967675

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 5.000% or less 10 150,~~611~~604,~~817~~480.4393 9.90 ~~107~~106 4.8422 3.~~682559~~682644 5.001% to 5.500% 31 ~~563~~562,~~092~~856,~~110~~249.9169 37.0102 9998 5.2511 1.~~838325~~838989 5.501% to 6.000% 47 ~~711~~710,~~209~~795,~~917~~904.5243 46.75 ~~106~~105 5.7391 1.~~797422~~796399 6.001% to 6.500% 6 26,~~898~~870,~~171~~846.4614 1.77 ~~111~~110 6.1598 1.~~384348~~384351 6.501% or greater 2 69,~~574~~420,~~099~~619.4361 4.57 4342 6.9373 1.270000 Totals 96 1,~~521~~520,~~386~~548,~~116~~100.7580 100.00 ~~101~~100 5.~~5319~~5318 1.~~967760~~967675

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less 9182 1,~~377~~231,~~676~~884,~~200~~655.0226 9081.5502 ~~101~~100 5.~~5087~~5873 1.~~975566~~766583 13 to 24 months 413 ~~120~~265,~~757~~743,~~008~~427.3021 717.9448 ~~104~~105 5.~~5539~~1644 2.~~011328~~960035 25 to 36 months 0 0.00 0.00 0 0.0000 0.000000 37 to 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months or greater 1 22,~~952~~920,~~908~~018.4333 1.51 4342 6.8100 1.270000 Totals 96 1,~~521~~520,~~386~~548,~~116~~100.7580 100.00 ~~101~~100 5.~~5319~~5318 1.~~967760~~967675

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 8 228,~~678~~456,~~244~~288.0935 15.0302 5251 6.~~1110~~1107 1.~~839193~~840937 61 to 120 months 84 1,~~195~~194,~~072~~478,~~964~~456.3812 78.5556 ~~108~~107 5.4379 2.~~029099~~028654 121 months or greater 3 20,~~774~~753,~~908~~356.2833 1.3736 ~~177~~176 5.8670 1.400000 Totals 95 1,~~444~~443,~~526~~688,~~116~~100.7580 94.95 ~~100~~99 5.~~5507~~5505 1.~~989988~~989912

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 13 455,205,000.00 29.9294 8988 5.2658 3.002919 240 months or less 1 46,~~621~~500,~~191~~601.0028 3.06 4342 7.0000 1.270000 241 to 300 months 17 213,~~982~~666,~~212~~360.5495 14.0605 9796 5.~~6756~~6757 1.~~542953~~544449 301 months or greater 64 728,~~717~~316,~~713~~138.2157 47.90 ~~111~~110 5.5992 1.~~534576~~533421 Totals 95 1,~~444~~443,~~526~~688,~~116~~100.7580 94.95 ~~100~~99 5.~~5507~~5505 1.~~989988~~989912

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 9492 1,~~438~~398,~~886~~853,~~116~~055.7567 9492.5800 100 5.~~5323~~5358 1.~~868440~~866916 1 year or less 2 8239,~~500~~195,~~000~~045.0013 52.4258 ~~114~~66 5.~~5260~~4004 31.~~700000~~917413 1 to 2 years 02 082,500,000.00 05.0043 0113 05.~~0000~~5260 03.~~000000~~700000 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 96 1,~~521~~520,~~386~~548,~~116~~100.7580 100.00 ~~101~~100 5.~~5319~~5318 1.~~967760~~967675 (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 Master Servicer is used. To the extent that no DSCR is provided by the Master 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 30250471 1A OF Washington DC DC ~~136~~131,~~369~~970.6967 0.00 4.840% 30250472 1B OF Washington DC DC 9794,~~400~~259.9700 0.00 4.840% 30250478 1C OF Washington DC DC 4847,~~721~~149.3267 0.00 4.840% 30250475 2A OF Various Various ~~146~~141,~~455~~731.7133 0.00 4.840% 30250476 2B OF Various Various ~~104~~101,~~611~~236.2267 0.00 4.840% 30250477 2C OF Various Various 5250,~~305~~618.6133 0.00 4.840% 30250473 3A OF Brea CA 8,~~919~~631.0433 0.00 4.840% 30250474 3B OF Brea CA 6,~~376~~171.7000 0.00 4.840% 30250479 3C OF Brea CA 3,~~167~~065.5133 0.00 4.840% 30250540 4 OF Houston TX ~~518~~501,~~488~~763.9146 0.00 5.030% 30250388 5 OF Washington DC ~~591~~572,~~195~~125.8300 0.00 5.970% 30250492 6 OF New York NY ~~548~~531,~~709~~009.3000 0.00 5.900% 30244032 7A OF New York NY ~~190~~184,~~340~~200.00 0.00 5.526% 30244031 7B OF New York NY ~~202~~195,~~236~~712.2550 0.00 5.526% 30250483 8 RT Goleta CA ~~342~~331,~~838~~779.3000 0.00 5.180% 30250484 9 OF New York NY ~~354~~343,~~997~~545.3683 0.00 5.497% 30250384 10 RT Wichita KS ~~272~~271,~~656~~956.3195 ~~119~~120,~~890~~589.3672 7.000% 30250385 11 RT Wichita KS 130,~~443~~257.3576 32,~~704~~890.5110 6.810% 30250489 12 RT Oceanside CA ~~235~~227,~~531~~933.1133 0.00 5.260% 30250488 13 RT Various Various ~~238~~230,~~580~~556.6758 7179,~~422~~446.4150 5.510% 30250383 14 RT Reston VA ~~180~~174,~~110~~135.0653 3440,~~638~~612.1063 5.700% 30250480 15 OF Various Various ~~173~~168,~~905~~296.8700 0.00 5.790% 30250446 16 MU Philadelphia PA ~~158~~153,~~255~~003.0122 3136,~~399~~650.2099 5.610% 30250442 17 RT Houston TX ~~147~~142,~~242~~283.60 46 51,~~788~~747.8498 5.370% 30250494 18 LO Dallas TX ~~120~~116,~~670~~614.9003 3439,~~948~~005.1502 5.640% 30250448 19 OF Cleveland OH ~~108~~104,~~345~~748.8587 2225,~~245~~842.6260 5.500% 30250495 20 OF Charleston SC 7371,~~462~~030.0450 1215,~~640~~071.0054 5.867% 30250496 21 OF Baton Rouge LA 2423,~~325~~520.6246 4,~~185~~990.5066 5.867% 30250497 22 OF Bakersfield CA 7,~~261~~021.3803 1,~~249~~489.4075 5.867% 30250399 23 IN Linden NJ 8078,~~920~~201.4580 2225,~~682~~401.7843 5.730% 30250486 24 RT Richmond IN 6462,~~779~~622.5801 1618,~~167~~774.0107 5.040% 30250389 25 RT Walnut Creek CA 6866,~~475~~266.5667 0.00 5.600% 30250498 26 RT Encino CA 6260,~~182~~084.8464 2123,~~299~~397.3757 5.200% 30250451 27 RT Voorhees NJ 5856,~~385~~443.4635 1315,~~548~~490.0718 5.200% 30250469 28 OF Los Angeles CA 5957,~~459~~487.5232 1113,~~749~~721.5676 5.530% 30250470 29 OF Phoenix AZ 5351,~~765~~977.7981 1214,~~417~~205.6462 5.180% 30250387 30 RT Pasadena CA 5654,~~420~~600.00 0.00 5.600% 30250468 31 RT Topeka KS 4543,~~456~~943.4734 1112,~~010~~523.3144 5.100% 30250464 32 RT Las Vegas NV 4847,~~687~~116.2267 0.00 5.500% 30250499 33 OF Frederick MD 4241,~~556~~184.8000 0.00 5.148% 30250454 34 RT Las Vegas NV 4240,~~352~~986.8868 0.00 5.300% 30250531 35 OF Albuquerque NM 4140,~~841~~491.3967 0.00 5.650% 30250500 36 OF Duluth GA 3736,~~695~~479.1417 0.00 5.150% 30250441 37 OF Bayonet Point FL 3837,~~383~~108.7253 89,~~223~~498.3352 5.400% 30250532 38 IN St. Louis MO 3938,~~351~~045.0091 78,~~516~~821.3342 5.700% 30250462 39 RT Lake Buena Vista FL 4039,~~340~~004.4177 78,~~008~~343.1882 5.880% 30250482 40 SS San Diego CA 3735,~~190~~990.3163 0.00 5.500% 30250466 41 OF Santa Rosa CA 3534,~~558~~377.0295 78,~~167~~347.4350 5.530% 30250502 42 RT Suwanee GA 3231,~~489~~441.7267 0.00 5.390% 30250541 43 RT Milwaukee WI 3433,~~592~~432.2095 89,~~733~~892.2550 5.960% 30250457 44 IN Shelton CT 3231,~~641~~559.7225 67,~~279~~361.0451 5.640% 30250459 45 OT Bloomington MN 2928,~~237~~252.8520 910,~~713~~698.2590 5.250% 30250529 46 OF Novi MI 3029,~~733~~698.5477 910,~~376~~411.4724 5.550% 30250396 47 RT Virginia Beach VA 3332,~~223~~123.3184 56,~~477~~577.7219 6.080% 30250394 48 RT Redding CA 3231,~~779~~694.9194 56,~~437~~522.3532 6.080% 30250439 49 RT Vancouver WA 3029,~~463~~453.9098 56,~~640~~650.8779 5.790% 30250467 50 RT Midland MI 2625,~~887~~992.2680 67,~~345~~239.2268 5.130% 30250503 51 OF Olympia WA 3231,~~995~~906.4868 45,~~574~~662.1797 6.410% 30250504 52 RT Northridge CA 2726,~~862~~937.5213 56,~~893~~818.0342 5.417% 30250443 53 RT Fayetteville NC 2625,~~217~~345.6939 67,~~143~~015.4171 5.190% 30250533 54 RT Raleigh NC 2827,~~408~~465.1088 56,~~496~~438.2042 5.640% 30250453 55 IN Brooklyn NY 2928,~~421~~447.1514 56,~~055~~029.0304 5.920% 30250391 56 RT East Brunswick NJ 2322,~~706~~914.3792 67,~~545~~336.0550 4.900% 30250390 57 MU Brooklyn NY 24,~~962~~132.1712 56,~~414~~244.5459 5.500% 30250461 58 RT Cypress TX 23,~~913~~142.4000 0.00 5.510% 30250505 59 RT Miami Beach FL 2322,~~596~~813.5219 45,~~824~~607.3164 5.510% 30250393 60 RT Brooklyn NY 2625,~~214~~347.6747 45,~~214~~081.3757 6.140% 30250506 61 OF Cedar Park TX 2322,~~558~~776.4264 45,~~728~~510.5230 5.540% 30250465 62 OF Basking Ridge NJ 2322,~~212~~441.5184 45,~~799~~570.9562 5.470% 30250386 63 IN Philadelphia PA 2221,~~751~~996.2601 45,~~623~~378.2045 5.540% 30250481 64 IN Katy TX 2120,~~443~~728.4491 5,~~022~~736.3487 5.450% 30250534 65 Various Various GA 2322,~~078~~304.8088 56,~~937~~711.6961 5.950% 30250455 66 SS Cerritos CA 21,~~818~~094.4588 4,~~185~~909.6118 5.660% 30250507 67 MF Flint MI 2019,~~176~~525.1833 0.00 5.230% 30250440 68 IN Philadelphia PA 2221,~~128~~384.7291 6,~~235~~979.4829 5.770% 30250452 69 OT Shartlesville PA 2019,~~146~~497.9000 0.00 5.360% 30250535 70 RT Dallas TX 20,~~826~~135.0467 34,~~894~~585.8724 5.720% 30250456 71 RT San Jose CA 1918,~~544~~895.4904 4,~~241~~890.0449 5.370% 30250447 72 RT Johnstown PA 2120,~~403~~685.7720 56,~~719~~438.8340 5.900% 30250392 73 MF Pittsburgh PA 1918,~~564~~933.4533 0.00 5.680% 30250508 74 RT Chelsea MI 1918,~~515~~868.5155 34,~~675~~322.1713 5.690% 30250458 75 SS Fort Myers FL 1918,~~118~~484.4508 34,~~794~~428.2966 5.580% 30250400 76 OF Sarasota FL 19,~~891~~232.4237 34,~~537~~196.4752 5.900% 30250397 77 RT Newport News VA 1918,~~318~~677.5299 34,~~607~~247.3689 5.770% 30250460 78 OF Pittsburgh PA 1817,~~496~~875.0112 45,~~982~~603.5847 5.840% 30250395 79 MF Bronx NY 16,~~734~~179.5637 3,~~245~~800.5574 5.680% 30250537 80 OF Falls Church VA 15,~~884~~358.0413 23,~~759~~285.4738 5.880% 30250509 81 RT Austin TX 1312,~~273~~845.3720 0.00 5.667% 30250449 82 RT Franklin TN 12,~~657~~237.8534 23,~~694~~115.9344 5.430% 30250444 83 RT Philadelphia PA 12,~~986~~556.9216 2,~~530~~961.2400 5.610% 30250463 84 RT Houston TX 11,~~956~~559.6045 2,~~554~~951.7388 5.380% 30250450 85 OF Hammond LA 11,~~476~~089.6475 34,~~711~~098.7564 5.390% 30250530 86 OF Cleveland OH 1110,~~350~~971.7331 23,~~852~~231.3173 5.580% 30250445 87 RT Jamaica NY 9,~~657~~332.3461 23,~~804~~128.2194 5.650% 30250538 88 OF Bakersfield CA 9,~~855~~529.1907 1,~~621~~948.9305 6.070% 30250398 89 MF Cocoa FL 7,~~725~~469.2868 1,~~277~~533.6222 6.010% Totals 7,~~237~~013,~~626~~506.3990 ~~751~~838,~~103~~015.5295

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 30250471 N/A 06/07/2014 N 32,720,000.00 32,720,000.00 0507/07/2005 30250472 N/A 06/07/2014 N 23,370,000.00 23,370,000.00 0507/07/2005 30250478 N/A 06/07/2014 N 11,690,000.00 11,690,000.00 0507/07/2005 30250475 N/A 06/07/2014 N 35,140,000.00 35,140,000.00 0507/07/2005 30250476 N/A 06/07/2014 N 25,100,000.00 25,100,000.00 0507/07/2005 30250477 N/A 06/07/2014 N 12,550,000.00 12,550,000.00 0507/07/2005 30250473 N/A 06/07/2014 N 2,140,000.00 2,140,000.00 0507/07/2005 30250474 N/A 06/07/2014 N 1,530,000.00 1,530,000.00 0507/07/2005 30250479 N/A 06/07/2014 N 760,000.00 760,000.00 0507/07/2005 30250540 N/A 11/07/2011 N 119,705,000.00 119,705,000.00 0506/07/2005 30250388 N/A 12/07/2014 N 115,000,000.00 115,000,000.00 0507/07/2005 30250492 N/A 02/01/2010 N 108,000,000.00 108,000,000.00 0607/07/2005 30244032 N/A 12/08/2014 N 40,000,000.00 40,000,000.00 06/08/2005 30244031 N/A 12/08/2014 N 42,500,000.00 42,500,000.00 06/08/2005 30250483 01/01/2015 01/01/2035 N 76,860,000.00 76,860,000.00 0607/01/2005 30250484 N/A 04/01/2014 N 75,000,000.00 75,000,000.00 0506/01/2005 30250384 N/A 01/01/2009 N 46,~~741~~621,~~081~~191.3600 46,~~621~~500,~~191~~601.0028 0607/01/2005 30250385 N/A 01/01/2009 N 22,~~985~~952,~~612~~908.9443 22,~~952~~920,~~908~~018.4333 0607/01/2005 30250489 N/A 03/01/2015 N 52,000,000.00 52,000,000.00 0607/01/2005 30250488 03/01/2015 03/01/2030 N 50,~~283~~211,~~380~~958.8645 50,~~211~~132,~~958~~511.4595 0607/01/2005 30250383 N/A 09/08/2014 N 36,~~694~~660,~~749~~111.1202 36,~~660~~619,~~111~~498.0239 0506/08/2005 30250480 N/A 03/01/2014 N 34,880,000.00 34,880,000.00 0607/01/2005 30250446 N/A 10/01/2014 N 32,~~759~~727,~~360~~960.0585 32,~~727~~691,~~960~~309.8586 0607/01/2005 30250442 N/A 02/01/2010 N 31,~~841~~795,~~975~~186.5975 31,~~795~~743,~~186~~438.7577 0607/01/2005 30250494 N/A 01/01/2015 N 24,~~846~~811,~~443~~495.7358 24,~~811~~772,~~495~~490.5856 0607/01/2005 30250448 N/A 12/08/2014 N 22,~~876~~854,~~544~~298.0745 22,~~854~~828,~~298~~455.4585 0607/08/2005 30250495 N/A 03/01/2020 N 14,~~540~~528,~~780~~140.92 14,~~528~~513,~~140~~069.9238 0607/01/2005 30250496 N/A 03/01/2020 N 4,~~814~~810,~~914~~728.3888 4,~~810~~805,~~728~~738.8822 0607/01/2005 30250497 N/A 03/01/2020 N 1,~~437~~436,~~287~~038.8848 1,~~436~~434,~~038~~548.4873 0607/01/2005 30250399 N/A 01/01/2015 N 16,~~400~~377,~~022~~339.6688 16,~~377~~351,~~339~~938.8845 0607/01/2005 30250486 N/A 01/01/2015 N 14,~~926~~910,~~169~~002.8079 14,~~910~~891,~~002~~228.7972 0506/01/2005 30250389 N/A 01/08/2015 N 14,200,000.00 14,200,000.00 0506/08/2005 30250498 N/A 12/11/2014 N 13,~~886~~865,~~985~~686.9962 13,~~865~~842,~~686~~289.62 05 06/11/2005 30250451 N/A 01/01/2015 N 13,~~038~~025,~~936~~388.2922 13,~~025~~009,~~388~~898.2204 0607/01/2005 30250469 N/A 04/01/2015 N 12,~~486~~474,~~395~~645.0953 12,~~474~~460,~~645~~923.5377 0607/01/2005 30250470 N/A 03/01/2012 N 12,~~053~~041,~~608~~191.8925 12,~~041~~026,~~191~~985.2563 0607/01/2005 30250387 N/A 12/08/2014 N 11,700,000.00 11,700,000.00 0506/11/2005 30250468 01/01/2012 01/01/2035 N 10,~~350~~339,~~618~~608.5928 10,~~339~~327,~~608~~084.2884 0607/01/2005 30250464 N/A 02/01/2015 N 10,280,000.00 10,280,000.00 0607/01/2005 30250499 N/A 03/01/2015 N 9,600,000.00 9,600,000.00 0607/01/2005 30250454 N/A 12/01/2014 N 9,280,000.00 9,280,000.00 0607/01/2005 30250531 N/A 01/01/2015 N 8,600,000.00 8,600,000.00 0607/01/2005 30250500 N/A 12/11/2011 N 8,500,000.00 8,500,000.00 0506/11/2005 30250441 N/A 12/01/2014 N 8,~~254~~246,~~563~~340.3401 8,~~246~~236,~~340~~841.0149 0607/01/2005 30250532 N/A 10/01/2014 N 8,~~017~~009,~~182~~665.0168 8,~~009~~000,~~665~~844.6826 0506/01/2005 30250462 N/A 01/01/2015 N 7,~~967~~960,~~164~~156.6749 7,~~960~~951,~~156~~812.4967 0607/01/2005 30250482 N/A 12/08/2014 N 7,852,500.00 7,852,500.00 0607/08/2005 30250466 N/A 01/01/2015 N 7,~~467~~459,~~121~~953.2986 7,~~459~~451,~~953~~606.8636 0607/01/2005 30250502 N/A 12/01/2014 N 7,000,000.00 7,000,000.00 0607/01/2005 30250541 N/A 04/01/2015 N 6,~~740~~731,~~199~~466.5530 6,~~731~~721,~~466~~573.3080 0506/01/2005 30250457 N/A 01/01/2015 N 6,~~721~~714,~~012~~733.9389 6,~~714~~707,~~733~~372.8938 0607/01/2005 30250459 02/01/2010 02/01/2030 N 6,~~467~~457,~~358~~645.8055 6,~~457~~446,~~645~~946.5565 0607/01/2005 30250529 N/A 10/01/2014 N 6,~~430~~421,~~731~~355.5205 6,~~421~~410,~~355~~943.0581 0607/01/2005 30250396 N/A 08/01/2014 N 6,~~345~~340,~~708~~231.7705 6,~~340~~333,~~231~~653.0586 0607/01/2005 30250394 N/A 07/08/2014 N 6,~~261~~255,~~017~~580.5621 6,~~255~~249,~~580~~057.2189 06/08/2005 30250439 N/A 09/09/2014 N 6,~~110~~104,~~092~~451.4154 6,~~104~~097,~~451~~800.5475 0607/09/2005 30250467 03/01/2012 03/01/2035 N 6,~~086~~080,~~532~~187.4220 6,~~080~~072,~~187~~947.2052 0607/01/2005 30250503 N/A 01/01/2015 N 5,~~977~~973,~~743~~169.3215 5,~~973~~967,~~169~~506.1518 0607/01/2005 30250504 N/A 01/11/2015 N 5,~~973~~967,~~136~~243.1916 5,~~967~~960,~~243~~424.1674 0506/11/2005 30250443 N/A 12/01/2014 N 5,~~866~~860,~~349~~206.7736 5,~~860~~853,~~206~~190.3665 0607/01/2005 30250533 N/A 12/01/2014 N 5,~~849~~843,~~300~~804.7353 5,~~843~~837,~~804~~366.5311 0506/01/2005 30250453 N/A 12/01/2009 N 5,~~771~~766,~~367~~312.3936 5,~~766~~760,~~312~~283.3632 0607/01/2005 30250391 N/A 05/01/2011 N 5,~~618~~611,~~362~~817.4843 5,~~611~~604,~~817~~480.4393 0607/01/2005 30250390 N/A 03/01/2014 N 5,~~270~~265,~~605~~190.4187 5,~~265~~258,~~190~~946.8728 0607/01/2005 30250461 N/A 01/01/2015 N 5,040,000.00 5,040,000.00 0607/01/2005 30250505 12/01/2014 12/01/2034 N 4,~~973~~968,~~214~~390.6332 4,~~968~~962,~~390~~782.3268 0607/01/2005 30250393 N/A 08/01/2014 N 4,~~958~~953,~~118~~903.2487 4,~~953~~948,~~903~~822.8730 0607/01/2005 30250506 N/A 01/01/2015 N 4,~~938~~933,~~296~~568.8634 4,~~933~~928,~~568~~058.3404 0607/01/2005 30250465 N/A 01/01/2015 N 4,~~928~~923,~~055~~255.3641 4,~~923~~917,~~255~~684.4179 0607/01/2005 30250386 N/A 11/01/2014 N 4,~~769~~764,~~101~~477.1797 4,~~764~~759,~~477~~099.9752 0607/01/2005 30250481 N/A 12/01/2014 N 4,~~569~~564,~~186~~163.2086 4,~~564~~558,~~163~~426.8699 0607/01/2005 30250534 N/A 02/01/2015 N 4,~~504~~498,~~401~~463.4778 4,~~498~~491,~~463~~752.7817 0506/01/2005 30250455 N/A 12/01/2014 N 4,~~476~~472,~~598~~413.8524 4,~~472~~467,~~413~~504.24 06 07/01/2005 30250507 N/A 03/01/2015 N 4,480,000.00 4,480,000.00 0506/01/2005 30250440 N/A 10/01/2014 N 4,~~453~~447,~~703~~468.5305 4,~~447~~440,~~468~~488.0576 0607/01/2005 30250452 N/A 11/01/2009 N 4,365,000.00 4,365,000.00 0607/01/2005 30250535 N/A 12/01/2014 N 4,~~228~~224,~~161~~266.3346 4,~~224~~219,~~266~~681.4622 0506/01/2005 30250456 N/A 12/01/2014 N 4,~~226~~222,~~596~~355.9490 4,~~222~~217,~~355~~465.9041 0607/01/2005 30250447 N/A 11/01/2014 N 4,~~212~~207,~~880~~160.0522 4,~~207~~200,~~160~~721.2282 0607/01/2005 30250392 N/A 08/01/2014 N 4,000,000.00 4,000,000.00 0607/01/2005 30250508 N/A 01/01/2015 N 3,~~982~~979,~~983~~307.1194 3,~~979~~974,~~307~~985.9481 06/01/2005 30250458 N/A 12/01/2014 N 3,~~978~~975,~~866~~071.1687 3,~~975~~970,~~071~~643.8721 0607/01/2005 30250400 N/A 08/01/2014 N 3,~~915~~911,~~205~~668.9851 3,~~911~~907,~~668~~471.5199 0607/01/2005 30250397 N/A 09/01/2014 N 3,~~888~~884,~~112~~504.2892 3,~~884~~880,~~504~~257.9203 0607/01/2005 30250460 N/A 01/01/2015 N 3,~~677~~672,~~951~~969.7315 3,~~672~~667,~~969~~365.1568 0507/01/2005 30250395 N/A 09/01/2014 N 3,~~421~~418,~~422~~177.9237 3,~~418~~414,~~177~~376.3763 0607/08/2005 30250537 N/A 01/01/2015 N 3,~~137~~134,~~071~~311.0861 3,~~134~~131,~~311~~026.6123 0506/01/2005 30250509 N/A 03/01/2010 N 2,720,000.00 2,720,000.00 0607/01/2005 30250449 N/A 11/01/2014 N 2,~~707~~704,~~078~~383.5764 2,~~704~~701,~~383~~268.6420 0607/01/2005 30250444 N/A 01/01/2015 N 2,~~688~~685,~~339~~809.7349 2,~~685~~682,~~809~~848.49 0607/01/2005 30250463 N/A 02/01/2015 N 2,~~580~~578,~~869~~314.6289 2,~~578~~575,~~314~~363.8901 0607/01/2005 30250450 N/A 10/08/2014 N 2,~~472~~468,~~673~~961.4570 2,~~468~~464,~~961~~863.70 06 07/08/2005 30250530 N/A 01/01/2015 N 2,~~362~~359,~~274~~421.2796 2,~~359~~356,~~421~~190.9623 0506/01/2005 30250445 N/A 12/01/2014 N 1,~~984~~982,~~951~~147.2403 1,~~982~~979,~~147~~018.0309 0607/01/2005 30250538 N/A 09/01/2014 N 1,~~885~~883,~~458~~836.4047 1,~~883~~881,~~836~~888.4742 0506/01/2005 30250398 N/A 12/01/2014 N 1,~~492~~491,~~728~~450.3371 1,~~491~~489,~~450~~917.7149 0607/01/2005 Totals 1,~~522~~521,~~137~~386,~~220~~116.2775 1,~~521~~520,~~386~~548,~~116~~100.7580

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 07/14/2005 0 $0.00 0 $0.00 0 $0.00 06/14/2005 0 $0.00 0 $0.00 0 $0.00 05/16/2005 0 $0.00 0 $0.00 0 $0.00 04/14/2005 0 $0.00 0 $0.00 0 $0.00

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 07/14/2005 0 $0.00 0 $0.00 0 $0.00 06/14/2005 0 $0.00 0 $0.00 0 $0.00 05/16/2005 0 $0.00 0 $0.00 0 $0.00 04/14/2005 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 07/14/2005 0 $0.00 0 $0.00 5.531783% 5.489151% 100 06/14/2005 0 $0.00 0 $0.00 5.531934% 5.489297% 101 05/16/2005 0 $0.00 0 $0.00 5.532083% 5.489441% 102 04/14/2005 0 $0.00 0 $0.00 5.532248% 5.489600% 103 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 ~~30250471~~30250540 1A4 0 0506/07/2005 ~~135~~499,~~524~~768.4238 ~~135~~499,~~524~~768.4238 B ~~30250472~~30244032 1B7A 0 0506/0708/2005 96182,~~797~~866.2567 96182,~~797~~866.2567 B ~~30250478~~30244031 1C7B 0 0506/0708/2005 48194,~~519~~295.9983 48194,~~519~~295.9983 B 30250475 2A 0 05/07/2005 145,850.52 145,850.52 B 30250476 2B 0 05/07/2005 104,178.94 104,178.94 B 30250477 2C 0 05/07/2005 52,089.47 52,089.47 B 30250473 3A 0 05/07/2005 8,863.75 8,863.75 B 30250474 3B 0 05/07/2005 6,337.17 6,337.17 B 30250479 3C 0 05/07/2005 3,147.88 3,147.88 B 30250540 4 0 05/07/2005 516,427.32 516,427.32 B 30250388 5 0 05/07/2005 588,225.00 588,225.00 B 30250484 9 0 0506/01/2005 ~~353~~342,~~705~~295.7083 ~~353~~342,~~705~~295.7083 B 30250383 14 0 0506/08/2005 213,~~800~~831.2166 213,~~800~~831.2166 B 30250486 24 0 0506/01/2005 8081,~~561~~023.0033 8081,~~561~~023.0033 B 30250389 25 0 0506/08/2005 6865,~~108~~911.7367 6865,~~108~~911.7367 B 30250532 38 0 0506/01/2005 4645,~~176~~999.9661 4645,~~176~~999.9661 B 30250541 43 0 0506/01/2005 42,~~628~~652.9630 42,~~628~~652.9630 B 30250394 48 0 06/08/2005 38,060.87 38,060.87 B 30250533 54 0 0506/01/2005 33,~~400~~417.6132 33,~~400~~417.6132 B 30250534 65 0 0506/01/2005 28,~~628~~641.6162 28,~~628~~641.6162 B 30250507 67 0 0506/01/2005 19,~~867~~226.5666 19,~~867~~226.5666 B 30250535 70 0 0506/01/2005 24,~~356~~368.8289 24,~~356~~368.8289 B ~~30250460~~30250508 7874 0 0506/01/2005 2322,~~383~~925.5840 2322,~~383~~925.5840 B 30250537 80 0 0506/01/2005 18,~~373~~382.3732 18,~~373~~382.3732 B 30250530 86 0 0506/01/2005 14,~~101~~104.3373 14,~~101~~104.3373 B 30250538 88 0 0506/01/2005 11,~~314~~320.7613 11,~~314~~320.7613 B Totals 2518 21,~~684~~879,~~369~~093.9122 21,~~684~~879,~~369~~093.9122

Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date ~~30250471~~30250540 32119,~~720~~705,000.00 0.00 ~~30250472~~30244032 2340,~~370,~~000~~.00 0.00 30250478 11~~,~~690,~~000.00 0.00 ~~30250475~~30244031 3542,~~140~~500,000.00 0454.0001 ~~30250476 25,100,000.00 0.00 30250477 12,550,000.00 0.00 30250473 2,140,000.00 0.00 30250474 1,530,000.00 0.00 30250479 760,000.00 0.00 30250540 119,705,000.00 0.00 30250388 115,000,000.00 0.00~~ 30250484 75,000,000.00 0.00 30250383 36,~~694~~660,~~749~~111.1202 0.00 30250486 14,~~926~~910,~~169~~002.8079 ~~23,485~~0.3700 30250389 14,200,000.00 0.00 30250532 8,~~017~~009,~~182~~665.0168 0.00 30250541 6,~~740~~731,~~199~~466.5530 0.00 30250394 6,255,580.21 0.00 30250533 5,~~849~~843,~~300~~804.7353 0.00 30250534 4,~~504~~498,~~401~~463.4778 0.00 30250507 4,480,000.00 0.00 30250535 4,~~228~~224,~~161~~266.3346 0.00 ~~30250460~~30250508 3,~~677~~979,~~951~~307.7394 0.00 30250537 3,~~137~~134,~~071~~311.0861 0.00 30250530 2,~~362~~359,~~274~~421.2796 0.00 30250538 1,~~885~~883,~~458~~836.4047 0.00 Totals ~~565~~394,~~407~~375,~~919~~238.4975 ~~23,485~~454.3701

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = B (2518 loans) 21,~~684~~879,~~369~~093.9122 21,~~684~~879,~~369~~093.9122 ~~565~~394,~~407~~375,~~919~~238.4975 ~~23,485~~454.3701 (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 Bond/Collateral Realized Loss Reconciliation No Realized Losses this Period

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