8-K 1 bsc05t18_8k-200601.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, 2006 (Date of earliest event reported) Commission File No.: 333-120522-02 Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2005-TOP 18 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2173121 54-2173122 54-2173123 54-6658786 54-6658799 (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, 2006, a distribution was made to holders of Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2005-TOP 18. 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-TOP 18, relating to the January 13, 2006 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 2005-TOP 18 (Registrant) By: Wells Fargo Bank, N.A. as Paying Agent By: /s/ Beth Belfield, Officer By: Beth Belfield, Officer Date: January 13, 2006 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2005-TOP 18, relating to the January 13, 2006 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 2005-TOP 18 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, 2006 Record Date: December 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 - 16 Principal Prepayment Detail 17 Historical Detail 18 Delinquency Loan Detail 19 - 21 Specially Serviced Loan Detail 22 - 23 Modified Loan Detail 24 Liquidated Loan Detail 25 Bond / Collateral Realized Loss Reconciliation 26 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: Myung J. Nam Phone Number: Special Servicer ARCap Servicing, Inc. 5221 N. O'Connor Blvd., Ste. 600 Irving, TX 75039 Contact: Chris Crouch Phone Number: (972) 868-5300 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 2006, Wells Fargo Bank, N.A.

Certificate Distribution Detail Class CUSIP Pass-Through Original Beginning Principal Interest Rate Balance Balance Distribution Distribution A-1 07383F5F1 4.274000% 69,500,000.00 6463,~~202~~383,~~670~~769.9555 ~~818~~746,~~901~~119.4006 ~~228~~225,~~668~~751.5186 A-2 07383F5G9 4.556000% 121,900,000.00 121,900,000.00 0.00 462,813.67 A-3 07383F5H7 4.768000% 41,600,000.00 41,600,000.00 0.00 165,290.67 A-AB 07383F5J3 4.823000% 105,700,000.00 105,700,000.00 0.00 424,825.92 A-4 07383F5K0 4.933000% 517,238,000.00 517,238,000.00 0.00 2,126,279.21 A-4FL 07383F6R4 4.~~315000~~561880% 75,000,000.00 75,000,000.00 0.00 ~~260~~294,~~697~~621.9242 A-J 07383F5M6 5.005000% 74,307,000.00 74,307,000.00 0.00 309,922.11 B 07383F5N4 5.035000% 29,443,000.00 29,443,000.00 0.00 123,537.92 C 07383F5P9 5.074000% 8,412,000.00 8,412,000.00 0.00 35,568.74 D 07383F5Q7 5.134000% 12,618,000.00 12,618,000.00 0.00 53,984.01 E 07383F5S3 5.258000% 11,216,000.00 11,216,000.00 0.00 49,144.77 F 07383F5T1 5.~~304810~~304654% 9,814,000.00 9,814,000.00 0.00 43,~~384~~383.5123 G 07383F5U8 5.~~304810~~304654% 9,814,000.00 9,814,000.00 0.00 43,~~384~~383.5123 H 07383F5V6 5.~~304810~~304654% 8,412,000.00 8,412,000.00 0.00 37,~~186~~185.7262 J 07383F5W4 4.706000% 4,206,000.00 4,206,000.00 0.00 16,494.53 K 07383F5X2 4.706000% 4,206,000.00 4,206,000.00 0.00 16,494.53 L 07383F5Y0 4.706000% 4,206,000.00 4,206,000.00 0.00 16,494.53 M 07383F5Z7 4.706000% 1,402,000.00 1,402,000.00 0.00 5,498.18 N 07383F6A1 4.706000% 1,403,000.00 1,403,000.00 0.00 5,502.10 O 07383F6B9 4.706000% 2,804,000.00 2,804,000.00 0.00 10,996.35 P 07383F6C7 4.706000% 8,412,137.00 8,412,137.00 0.00 32,989.60 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 1,121,613,137.00 1,~~116~~115,~~315~~496,~~807~~906.9555 ~~818~~746,~~901~~119.4006 4,~~469~~500,~~159~~162.0120

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 07383F5F1 0.00 0.00 1971,~~047,569~~870.9192 6362,~~383~~637,~~769~~650.5549 17.0910% A-2 07383F5G9 0.00 0.00 462,813.67 121,900,000.00 17.0910% A-3 07383F5H7 0.00 0.00 165,290.67 41,600,000.00 17.0910% A-AB 07383F5J3 0.00 0.00 424,825.92 105,700,000.00 17.0910% A-4 07383F5K0 0.00 0.00 2,126,279.21 517,238,000.00 17.0910% A-4FL 07383F6R4 0.00 0.00 ~~260~~294,~~697~~621.9242 75,000,000.00 17.0910% A-J 07383F5M6 0.00 0.00 309,922.11 74,307,000.00 10.4344% B 07383F5N4 0.00 0.00 123,537.92 29,443,000.00 7.7980% C 07383F5P9 0.00 0.00 35,568.74 8,412,000.00 7.04% D 07383F5Q7 0.00 0.00 53,984.01 12,618,000.00 5.91% E 07383F5S3 0.00 0.00 49,144.77 11,216,000.00 4.9091% F 07383F5T1 0.00 0.00 43,~~384~~383.5123 9,814,000.00 4.02% G 07383F5U8 0.00 0.00 43,~~384~~383.5123 9,814,000.00 3.14% H 07383F5V6 0.00 0.00 37,~~186~~185.7262 8,412,000.00 2.39% J 07383F5W4 0.00 0.00 16,494.53 4,206,000.00 2.01% K 07383F5X2 0.00 0.00 16,494.53 4,206,000.00 1.6364% L 07383F5Y0 0.00 0.00 16,494.53 4,206,000.00 1.26% M 07383F5Z7 0.00 0.00 5,498.18 1,402,000.00 1.13% N 07383F6A1 0.00 0.00 5,502.10 1,403,000.00 1.01% O 07383F6B9 0.00 0.00 10,996.35 2,804,000.00 0.75% P 07383F6C7 0.00 0.00 32,989.60 8,412,137.00 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,~~288~~246,~~060~~281.4126 1,~~115~~114,~~496~~750,~~906~~787.5549

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount X 07383F5R5 0.~~449438~~448859% 1,121,613,137.00 1,~~116~~115,~~315~~496,~~807~~906.9555 ~~418~~417,~~096~~250.0480

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount X 07383F5R5 0.00 ~~418~~417,~~096~~250.0480 1,~~115~~114,~~496~~750,~~906~~787.5549 (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 07383F5F1 ~~923~~911.~~77943813~~99668417 1110.~~78275396~~73552604 3.~~29019439~~24822820 0.00000000 0.00000000 ~~911~~901.~~99668417~~26115813 A-2 07383F5G9 1,000.00000000 0.00000000 3.79666669 0.00000000 0.00000000 1,000.00000000 A-3 07383F5H7 1,000.00000000 0.00000000 3.97333341 0.00000000 0.00000000 1,000.00000000 A-AB 07383F5J3 1,000.00000000 0.00000000 4.01916670 0.00000000 0.00000000 1,000.00000000 A-4 07383F5K0 1,000.00000000 0.00000000 4.11083333 0.00000000 0.00000000 1,000.00000000 A-4FL 07383F6R4 1,000.00000000 0.00000000 3.~~47597227~~92828560 0.00000000 0.00000000 1,000.00000000 A-J 07383F5M6 1,000.00000000 0.00000000 4.17083330 0.00000000 0.00000000 1,000.00000000 B 07383F5N4 1,000.00000000 0.00000000 4.19583331 0.00000000 0.00000000 1,000.00000000 C 07383F5P9 1,000.00000000 0.00000000 4.22833333 0.00000000 0.00000000 1,000.00000000 D 07383F5Q7 1,000.00000000 0.00000000 4.27833333 0.00000000 0.00000000 1,000.00000000 E 07383F5S3 1,000.00000000 0.00000000 4.38166637 0.00000000 0.00000000 1,000.00000000 F 07383F5T1 1,000.00000000 0.00000000 4.~~42067557~~42054514 0.00000000 0.00000000 1,000.00000000 G 07383F5U8 1,000.00000000 0.00000000 4.~~42067557~~42054514 0.00000000 0.00000000 1,000.00000000 H 07383F5V6 1,000.00000000 0.00000000 4.~~42067523~~42054446 0.00000000 0.00000000 1,000.00000000 J 07383F5W4 1,000.00000000 0.00000000 3.92166667 0.00000000 0.00000000 1,000.00000000 K 07383F5X2 1,000.00000000 0.00000000 3.92166667 0.00000000 0.00000000 1,000.00000000 L 07383F5Y0 1,000.00000000 0.00000000 3.92166667 0.00000000 0.00000000 1,000.00000000 M 07383F5Z7 1,000.00000000 0.00000000 3.92166904 0.00000000 0.00000000 1,000.00000000 N 07383F6A1 1,000.00000000 0.00000000 3.92166785 0.00000000 0.00000000 1,000.00000000 O 07383F6B9 1,000.00000000 0.00000000 3.92166548 0.00000000 0.00000000 1,000.00000000 P 07383F6C7 1,000.00000000 0.00000000 3.92166699 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 07383F5R5 ~~995~~994.~~27704440~~54693401 0.~~37276314~~37200955 0.00000000 ~~994~~993.~~54693401~~88171440

Reconciliation Detail Advance Summary P & I Advances Outstanding 2,~~620~~043,~~423~~919.0917 Master Servicing Advances Outstanding ~~75,692~~0.6270 Reimbursement for Interest on Advances 0.00 paid from general collections Current 1 Month LIBOR 4.~~115000~~361800% Next 1 Month LIBOR 4.~~361880~~441630%

Master Servicing Fee Summary Current Period Accrued Master Servicing Fees 3435,~~850~~884.5869 Less Delinquent Master Servicing Fees 129,~~404~~089.5791 Less Reductions to Master Servicing Fees 0.00 Plus Master Servicing Fees for Delinquent Payments Received 12,~~980~~404.0557 Plus Adjustments for Prior Master Servicing Calculation 0.00 Total Master Servicing Fees Collected 3539,~~426~~199.0635

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 ~~228~~225,~~668~~751.5186 0.00 0.00 0.00 ~~228~~225,~~668~~751.5186 0.00 A-2 462,813.67 0.00 0.00 0.00 462,813.67 0.00 A-3 165,290.67 0.00 0.00 0.00 165,290.67 0.00 A-AB 424,825.92 0.00 0.00 0.00 424,825.92 0.00 A-4 2,126,279.21 0.00 0.00 0.00 2,126,279.21 0.00 A-4FL ~~260~~294,~~697~~621.9242 0.00 0.00 0.00 ~~260~~294,~~697~~621.9242 0.00 X ~~418~~417,~~096~~250.0480 0.00 0.00 0.00 ~~418~~417,~~096~~250.0480 0.00 A-J 309,922.11 0.00 0.00 0.00 309,922.11 0.00 B 123,537.92 0.00 0.00 0.00 123,537.92 0.00 C 35,568.74 0.00 0.00 0.00 35,568.74 0.00 D 53,984.01 0.00 0.00 0.00 53,984.01 0.00 E 49,144.77 0.00 0.00 0.00 49,144.77 0.00 F 43,~~384~~383.5123 0.00 0.00 0.00 43,~~384~~383.5123 0.00 G 43,~~384~~383.5123 0.00 0.00 0.00 43,~~384~~383.5123 0.00 H 37,~~186~~185.7262 0.00 0.00 0.00 37,~~186~~185.7262 0.00 J 16,494.53 0.00 0.00 0.00 16,494.53 0.00 K 16,494.53 0.00 0.00 0.00 16,494.53 0.00 L 16,494.53 0.00 0.00 0.00 16,494.53 0.00 M 5,498.18 0.00 0.00 0.00 5,498.18 0.00 N 5,502.10 0.00 0.00 0.00 5,502.10 0.00 O 10,996.35 0.00 0.00 0.00 10,996.35 0.00 P 32,989.60 0.00 0.00 0.00 32,989.60 0.00 Total 4,~~887~~917,~~255~~413.0500 0.00 0.00 0.00 4,~~887~~917,~~255~~413.0500 0.00

Class Interest Remaining Distribution Unpaid Interest A-1 ~~228~~225,~~668~~751.5186 0.00 A-2 462,813.67 0.00 A-3 165,290.67 0.00 A-AB 424,825.92 0.00 A-4 2,126,279.21 0.00 A-4FL ~~260~~294,~~697~~621.9242 0.00 X ~~418~~417,~~096~~250.0480 0.00 A-J 309,922.11 0.00 B 123,537.92 0.00 C 35,568.74 0.00 D 53,984.01 0.00 E 49,144.77 0.00 F 43,~~384~~383.5123 0.00 G 43,~~384~~383.5123 0.00 H 37,~~186~~185.7262 0.00 J 16,494.53 0.00 K 16,494.53 0.00 L 16,494.53 0.00 M 5,498.18 0.00 N 5,502.10 0.00 O 10,996.35 0.00 P 32,989.60 0.00 Total 4,~~887~~917,~~255~~413.0500 0.00

Other Required Information Available Distribution Amount (1) 5,~~706~~663,~~156~~532.4506 Principal Distribution Amount ~~818~~746,~~901~~119.4006 (a) Principal portion of Scheduled Payments ~~818~~746,~~901~~119.4006 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 159 Aggregate Unpaid Principal Balance of the Mortgage Loans 1,115,~~937~~157,~~999~~372.0658 Aggregate Scheduled Principal Balance of the Mortgage Loans 1,~~115~~114,~~496~~750,~~906~~787.7165 Interest Reserve Account Deposits 0147,961.0084 Withdrawals 0.00 Total Master Servicing and Special Servicing Fee Paid 3539,~~426~~199.0635 Master Servicing Fee Paid 3539,~~426~~199.0635 Special Servicing Fee Paid 0.00 Trustee Fee Paid ~~939~~966.5798 Paying Agent Fee Paid 1,~~246~~282.5592 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 5,117,200.47 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 5,117,200.47 Principal: Scheduled Principal 746,119.06 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 746,119.06 Other: Prepayment Penalties/Yield Maintenance 0.00 Repayment Fees 0.00 Borrower Option Extension Fees 0.00 Equity Payments Received 0.00 Net Swap Counterparty Payments Received 0.00 Total Other Collected: 0.00 Total Funds Collected 5,863,319.53 Total Funds Distributed Fees: Master Servicing Fee 35,884.69 Trustee Fee 966.98 Certificate Administration Fee 1,282.92 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 38,134.59 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 147,961.84 Payments to Certificateholders & Others: Interest Distribution 4,917,413.00 Principal Distribution 746,119.06 Prepayment Penalties/Yield Maintenance 0.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 13,691.08 Total Payments to Certificateholders & Others 5,677,223.14 Total Funds Distributed 5,863,319.57

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 7 6,~~136~~127,~~757~~111.5777 0.55 ~~111~~110 5.~~8698~~8701 1.~~337361~~443577 1,000,001 to 2,000,000 26 4039,~~001~~939,~~396~~924.7879 3.5958 ~~113~~112 5.~~6053~~6054 1.~~738592~~733152 2,000,001 to 3,000,000 29 72,~~207~~114,~~608~~457.3976 6.47 ~~109~~108 5.4680 1.~~709863~~759814 3,000,001 to 4,000,000 16 56,~~144~~074,~~346~~916.3895 5.03 ~~119~~118 5.~~5713~~5712 1.~~818585~~073047 4,000,001 to 5,000,000 21 95,~~173~~081,~~919~~659.4951 8.53 ~~125~~124 5.~~6362~~6361 1.~~870421~~949864 5,000,001 to 6,000,000 13 70,~~573~~511,~~284~~059.3863 6.33 ~~112~~111 5.~~4978~~4977 1.~~442371~~343236 6,000,001 to 7,000,000 10 64,~~383~~313,~~588~~169.9425 5.77 ~~106~~105 5.3789 1.~~540360~~808905 7,000,001 to 8,000,000 10 75,~~501~~432,~~631~~069.9904 6.77 ~~101~~100 5.~~4308~~4307 1.~~729370~~821506 8,000,001 to 9,000,000 5 43,~~318~~273,~~085~~355.2094 3.88 ~~110~~109 5.3427 12.~~858874~~004999 9,000,001 to 10,000,000 1 9,100,000.00 0.82 ~~110~~109 5.3800 1.~~490000~~460000 10,000,001 to 15,000,000 7 85,~~460~~381,~~192~~862.1222 7.66 ~~104~~103 5.~~1959~~1957 2.~~946924~~889449 15,000,001 to 20,000,000 5 88,~~419~~367,~~671~~015.1103 7.93 ~~101~~100 5.~~1690~~1687 1.~~892772~~819132 25,000,001 and greater 9 409,~~076~~034,~~424~~185.3676 36.6769 9998 5.2108 2.~~095271~~129182 Totals 159 1,~~115~~114,~~496~~750,~~906~~787.7165 100.00 ~~106~~105 5.~~3445~~3443 1.~~957231~~953268

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alabama 1 5,~~034~~026,~~037~~849.4796 0.45 ~~157~~156 6.2700 1.520000 Arizona 7 27,~~409~~389,~~602~~576.0503 2.46 ~~103~~102 5.3211 1.~~622462~~729617 Arkansas 1 6,740,000.00 0.60 7574 4.9800 23.~~760000~~000000 California 29 152,~~637~~504,~~436~~261.0578 13.68 ~~116~~115 5.~~5346~~5345 1.~~659279~~673354 Colorado 4 57,~~636~~633,~~880~~233.4505 5.17 9998 5.2344 12.~~987793~~025949 Connecticut 8 41,~~830~~813,~~943~~378.7361 3.75 7877 5.~~0440~~0439 21.~~213499~~420324 Florida 34 36,~~184~~153,~~561~~084.9248 3.24 ~~122~~121 5.~~7633~~7634 1.~~592549~~591257 Georgia 8 35,~~639~~603,~~248~~610.3740 3.19 ~~116~~115 5.4397 1.~~167408~~174088 Hawaii 1 63,315,000.00 5.68 ~~107~~106 5.1452 1.~~920000~~870000 Illinois 5 5,~~943~~931,~~028~~766.0415 0.53 9695 5.~~2210~~2209 1.~~374245~~529010 Indiana 4 15,~~531~~512,~~772~~584.3155 1.39 ~~111~~110 5.3835 1.~~491304~~491312 Iowa 1 3,~~374~~370,~~613~~017.9433 0.30 ~~104~~103 6.2500 1.120000 Louisiana 1 2,~~443~~438,~~700~~193.2350 0.22 ~~230~~229 5.6700 1.760000 Maryland 4 82,~~569~~555,~~719~~501.4142 7.4041 5352 5.1725 2.~~303635~~406179 Massachusetts 3 34,837,000.00 3.1213 8483 4.9026 2.~~571219~~354148 Michigan 1 5,~~039~~034,~~948~~826.2145 0.45 ~~109~~108 5.4700 1.610000 Minnesota 2 4,~~088~~084,~~241~~514.4308 0.37 ~~116~~115 5.8327 1.~~507278~~507277 Missouri 5 47,~~334~~278,~~596~~813.1155 4.24 ~~103~~102 5.~~7757~~7756 1.~~905256~~895604 New Jersey 8 51,~~251~~163,~~520~~955.3314 4.59 ~~117~~116 5.~~2602~~2603 1.~~630698~~636646 New York 14 265,~~443~~389,~~732~~626.6913 23.8081 ~~111~~110 5.~~1884~~1883 2.~~422322~~466045 North Carolina 6 21,~~776~~743,~~971~~957.9172 1.95 ~~154~~153 5.~~5739~~5740 1.~~630477~~271631 Ohio 8 30,~~280~~231,~~838~~684.7305 2.71 ~~113~~112 5.~~5200~~5199 1.~~444037~~378243 Pennsylvania 5 34,~~571~~528,~~998~~363.7508 3.10 ~~111~~110 5.4105 12.~~636610~~099451 Rhode Island 1 7,~~430~~423,~~872~~515.4452 0.67 ~~111~~110 5.5200 1.350000 South Carolina 1 4,~~954~~949,~~312~~454.4564 0.44 ~~123~~122 5.5600 1.370000 Tennessee 2 11,735,000.00 1.05 7271 5.1775 2.~~620379~~022343 Texas 10 39,~~139~~062,~~301~~263.4318 3.5150 ~~122~~121 5.~~6494~~6495 1.~~548666~~772028 Virginia 3 7,~~748~~742,~~631~~357.8576 0.69 9493 5.3748 2.~~190580~~171523 Washington 4 10,~~171~~160,~~802~~052.8370 0.91 ~~109~~108 5.~~7842~~7843 1.~~495095~~495154 Wisconsin 1 3,~~401~~398,~~594~~346.0384 0.30 ~~109~~108 5.7300 1.~~450000~~920000 Totals 182 1,~~115~~114,~~496~~750,~~906~~787.7165 100.00 ~~106~~105 5.~~3445~~3443 1.~~957231~~953268

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 1623 80128,~~639~~644,~~848~~873.1289 711.2354 ~~125~~126 5.~~4995~~5565 0.~~795029~~564645 1.21 to 1.30 97 2820,~~020~~999,~~767~~258.2332 21.5188 115 5.~~7391~~6710 1.~~241695~~245596 1.31 to 1.40 1613 ~~113~~84,~~248~~573,~~480~~992.5576 107.1559 ~~127~~119 5.~~6026~~5245 1.~~351007~~350241 1.41 to 1.50 2820 ~~184~~158,~~886~~346,~~648~~468.0405 1614.5720 113 5.~~4323~~4400 1.~~468891~~473841 1.51 to 1.60 1614 6050,~~914~~388,~~305~~548.9848 54.4652 ~~111~~105 5.~~4786~~5139 1.~~546976~~532802 1.61 to 1.70 910 3736,~~180~~090,~~257~~193.7883 3.3324 ~~110~~104 5.~~4391~~5267 1.~~669273~~670119 1.71 to 1.80 89 3348,~~348~~840,~~786~~430.5206 24.9938 ~~103~~110 5.~~3240~~3933 1.~~770046~~774208 1.81 or greater 5763 ~~577~~586,~~257~~867,~~812~~022.4926 5152.7565 9695 5.~~2058~~2045 2.~~502308~~567660 Totals 159 1,~~115~~114,~~496~~750,~~906~~787.7165 100.00 ~~106~~105 5.~~3445~~3443 1.~~957231~~953268

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 17 87,~~146~~039,~~365~~689.4847 7.81 ~~118~~117 5.~~6310~~6309 1.~~666603~~557673 Lodging 4 53,~~188~~112,~~227~~041.2994 4.7776 ~~110~~109 5.7657 2.~~043776~~515482 Mixed Use 4 14,~~051~~030,~~757~~556.5420 1.26 ~~119~~118 5.~~5420~~5417 1.~~505101~~561282 Mobile Home Park 1 2,~~280~~278,~~466~~144.5593 0.20 ~~112~~111 5.3800 1.~~540000~~530000 Multi-Family 19 ~~242~~241,~~090~~971,~~582~~828.4039 21.7071 ~~113~~112 5.2606 2.~~064463~~129408 Office 25 219,~~716~~558,~~939~~650.2216 19.70 ~~114~~113 5.~~2648~~2646 21.~~000770~~965583 Other 2 3,~~976~~973,~~179~~987.1810 0.36 7675 5.~~4926~~4925 1.~~931750~~932005 Retail 103 478,~~328~~088,~~029~~117.0944 42.8889 9695 5.~~3013~~3012 1.~~954751~~888839 Self Storage 7 14,~~718~~697,~~360~~772.4147 1.32 ~~103~~102 5.8629 1.~~535288~~721855 Totals 182 1,~~115~~114,~~496~~750,~~906~~787.7165 100.00 ~~106~~105 5.~~3445~~3443 1.~~957231~~953268

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 4.501% to 5.000% 13 200,~~303~~276,~~371~~799.3378 17.9697 9291 4.~~8632~~8631 32.~~011718~~918153 5.001% to 5.500% 80 634,~~901~~557,~~875~~964.8753 56.92 ~~101~~100 5.~~2765~~2764 1.~~794755~~816530 5.501% to 6.000% 50 ~~226~~225,~~139~~827,~~261~~200.2594 20.2726 ~~125~~124 5.7448 1.~~537564~~543250 6.001% to 6.500% 14 4847,~~007~~953,~~427~~596.7814 4.30 ~~123~~122 6.1954 1.~~784093~~755524 6.501% or greater 2 6,~~144~~135,~~970~~226.4826 0.55 ~~196~~195 6.~~6795~~6794 1.~~168565~~236001 Totals 159 1,~~115~~114,~~496~~750,~~906~~787.7165 100.00 ~~106~~105 5.~~3445~~3443 1.~~957231~~953268

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less ~~135~~128 ~~896~~866,~~377~~811,~~291~~516.3394 8077.3676 111 5.~~3446~~3523 1.~~933931~~977127 13 to 24 months 2431 ~~219~~247,~~119~~939,~~615~~270.3871 1922.6424 8583 5.~~3439~~3166 21.~~052545~~869854 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 159 1,~~115~~114,~~496~~750,~~906~~787.7165 100.00 ~~106~~105 5.~~3445~~3443 1.~~957231~~953268

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 12 135,~~630~~620,~~980~~093.8396 12.1617 4746 5.0759 2.~~310573~~311367 61 to 120 months ~~127~~128 ~~890~~895,~~509~~558,~~160~~035.2549 7980.8334 ~~108~~107 5.~~3361~~3383 1.~~961821~~963661 121 to 180 months 98 5449,~~875~~187,~~393~~272.0552 4.9241 ~~151~~153 5.~~8441~~8594 1.~~288388~~084243 181 to 240 months 0 0.00 0.00 0 0.0000 0.000000 241 months and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 148 1,~~081~~080,~~015~~365,~~534~~401.1397 96.9192 ~~102~~101 5.~~3292~~3291 1.~~971393~~967271

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 1 1,~~951~~937,~~234~~530.0547 0.17 ~~109~~108 5.2600 1.230000 121 to 180 months 3 6,~~067~~044,~~942~~275.3569 0.54 ~~165~~164 5.~~5462~~5463 1.~~475575~~475502 181 to 240 months 67 2226,~~286~~403,~~350~~579.7452 2.0037 ~~230~~231 5.~~7720~~9263 1.~~635100~~542731 241 months and greater 10 ~~4,175,845~~0.4400 0.3700 ~~241~~0 60.~~7500~~0000 10.~~050000~~000000 Totals 11 34,~~481~~385,~~372~~385.5868 3.0908 ~~213~~212 5.~~8217~~8220 1.~~513245~~513292

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 28 468,649,500.00 42.0104 9291 5.0986 2.~~401298~~287540 180 months or less 1 6,~~877~~850,~~478~~412.4021 0.6261 ~~108~~107 5.1200 12.~~440000~~700000 181 to 240 months 11 47,~~780~~674,~~672~~113.0830 4.28 ~~138~~137 5.~~7000~~7001 1.~~554619~~390996 241 to 300 months 41 195,~~536~~259,~~089~~619.0481 17.5352 ~~111~~110 5.~~6488~~6489 1.~~734589~~845639 301 to 360 months 67 ~~362~~361,~~171~~931,~~794~~756.6165 32.47 ~~107~~106 5.~~4102~~4101 1.~~608021~~680228 Totals 148 1,~~081~~080,~~015~~365,~~534~~401.1397 96.9192 ~~102~~101 5.~~3292~~3291 1.~~971393~~967271

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 ~~109~~57 ~~799~~338,~~771~~047,~~050~~661.2110 7130.7032 ~~100~~99 5.~~3114~~3939 2.~~113683~~093854 1 year or less 5094 ~~315~~733,~~725~~590,~~856~~562.5062 2865.3081 ~~119~~107 5.~~4283~~3253 1.~~560918~~896080 1 to 2 years 08 043,112,563.0093 03.0087 0114 05.~~0000~~2800 01.~~000000~~824008 2 years and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 159 1,~~115~~114,~~496~~750,~~906~~787.7165 100.00 ~~106~~105 5.~~3445~~3443 1.~~957231~~953268 (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 700201895 1 MF New York NY ~~377~~390,~~541~~126.6739 0.00 5.330% 700201897 2 OF New York NY ~~300~~310,~~625~~645.0083 0.00 4.810% 850500081 3 RT Landover MD 305,066.67 0.00 5.120% 850201696 4.1 RT Waipahu HI ~~107~~111,~~775~~367.0353 0.00 5.145% 510902278 4.2 ~~107~~111,~~775~~367.0353 0.00 5.145% 850201697 4.3 2728,~~961~~893.7884 0.00 5.145% 510902279 4.4 2728,~~961~~893.7884 0.00 5.145% 600874207 5 OF Denver CO ~~164~~169,~~456~~938.2513 0.00 5.370% 700201896 6 MF New York NY ~~140~~145,~~791~~484.6772 0.00 5.450% 850201732 7 LO Branson MO ~~151~~156,~~731~~548.7942 4742,~~055~~238.2360 5.950% 700400290 8 MF New York NY ~~120~~124,~~833~~861.3311 0.00 5.000% 310902257 9 RT Watertown MA 8386,~~666~~455.6756 0.00 5.020% 700201219 10 RT Vernon CT 7577,~~468~~984.7538 0.00 4.830% 700400258 11 RT Greeley CO 6972,~~701~~025.8827 0.00 4.870% 310902399 12 Various Allen Various 8385,~~009~~579.2317 3835,~~392~~822.0915 5.960% 600874208 13 MF South Hampton PA 6971,~~294~~518.9866 1916,~~057~~833.6193 5.250% 700400315 14 MF New York NY 6163,~~125~~162.0050 0.00 4.890% 850500090 15 RT Worcester MA 5153,~~515~~232.7594 0.00 4.719% 600874209 16 OF Akron OH 5557,~~970~~698.8185 2826,~~291~~563.9995 5.650% 850201723 17 RT Mission Viejo CA 5355,~~590~~376.0033 0.00 5.359% 600874210 18 RT Whiting NJ 5254,~~842~~512.3818 1918,~~848~~178.2141 5.360% 600874211 19 MF Woodbridge NJ 4647,~~471~~915.5907 2423,~~917~~473.1870 4.920% 850201729 20 OF Inglewood CA 4850,~~896~~469.3137 1110,~~686~~113.9084 5.646% 700400280 21 RT San Diego CA 4042,~~798~~158.3328 0.00 5.380% 600874212 22 IN Chula Vista CA 4142,~~100~~470.00 0.00 5.480% 600874213 23 RT Torrance CA 3738,~~314~~490.4394 1514,~~508~~332.6312 5.040% 600874214 24 MF Greenfield IN 3940,~~578~~849.7756 109,~~566~~295.4566 5.330% 310902222 25 LO Hummelstown PA 3840,~~995~~229.5041 1312,~~847~~613.0312 5.530% 600874215 26 RT Atlanta GA 3637,~~091~~250.8252 98,~~647~~488.0636 5.340% 600874216 27 OF Irvine CA 3637,~~235~~400.1814 97,~~087~~922.6064 5.480% 850201714 28 RT Richardson TX 3435,~~384~~487.2113 98,~~623~~520.7785 5.216% 850500121 29 LO Philadelphia PA 3637,~~052~~192.8495 1311,~~035~~895.9584 5.492% 700400125 30 IN Maspeth NY 4041,~~696~~988.9488 1210,~~027~~735.1723 6.240% 850201728 31 RT Westport CT 3435,~~367~~513.6321 0.00 5.391% 600874217 32 OF Warwick RI 3435,~~220~~321.9241 87,~~457~~356.4192 5.520% 850500125 33 IN North Bergen NJ 3233,~~028~~055.8395 98,~~075~~048.7664 5.183% 850500117 34 RT Phoenix AZ 3031,~~940~~932.9566 98,~~011~~019.0332 5.110% 850500107 35 RT Memphis TN 30,869.33 0.00 5.120% 700400226 36 OF San Angelo TX 2930,~~463~~322.0604 27,~~925~~066.1719 5.120% 600874218 37 IN San Leandro CA 3233,~~257~~294.2707 87,~~100~~063.3151 5.510% 850500132 38 RT Little Rock AR 27,971.00 0.00 4.980% 600874219 39 RT Union City CA 2829,~~884~~811.0844 76,~~692~~764.0266 5.350% 600874220 40 IN Clifton NJ 3031,~~509~~476.3156 109,~~147~~180.2601 5.690% 310902223 41 LO Baltimore MD 2930,~~178~~101.4573 109,~~361~~437.0779 5.530% 600874221 42 OF Marietta GA 2728,~~834~~727.1890 76,~~385~~491.1240 5.360% 310902313 43 RT Independence MO 3031,~~180~~153.2123 65,~~514~~541.9593 5.880% 600874222 44 OF Norcross GA 2829,~~996~~929.33 65,~~870~~937.71 5.670% 700400206 45 MF Charlotte NC 2526,~~648~~471.9928 76,~~297~~475.6637 5.200% 310902344 46 IN Simi Valley CA 2526,~~713~~570.3344 0.00 5.320% 600874223 47 IN Vernon CA 2728,~~374~~241.2585 98,~~078~~211.9030 5.740% 850500134 48 RT St. Petersburg FL 2425,~~854~~651.0472 6,~~833~~035.6092 5.232% 600874224 49 RT Boca Raton FL 2627,~~721~~568.7018 8,~~999~~153.7123 5.710% 850500108 50 RT Kansas City MO 23,114.67 0.00 5.120% 600874225 51 RT Cumming GA 2324,~~574~~331.1471 65,~~244~~487.8629 5.250% 600874226 52 RT Davie FL 26,~~064~~905.7843 54,~~507~~666.2459 5.940% 700400252 53 OF Cupertino CA 2324,~~725~~487.5774 65,~~134~~372.8972 5.430% 600874227 54 MF Glendale AZ 2425,~~420~~203.2488 65,~~296~~513.7006 5.600% 700400279 55 RT Encinitas CA 23,~~100~~870.00 0.00 5.280% 600874228 56 RT Hoover AL 2627,~~344~~179.7661 87,~~022~~187.3651 6.270% 600874229 57 RT Brighton MI 23,~~000~~739.4856 5,~~860~~121.8476 5.470% 610901418 58 MU Burbank CA 2625,~~033~~974.4261 11,~~273~~332.6546 6.260% 700400188 59 OF Murrieta CA 2425,~~583~~402.3378 0.00 5.900% 310902441 60 RT Mesa AZ 2223,~~916~~680.6756 0.00 5.500% 600874230 61 RT Anderson SC 2223,~~980~~720.9115 54,~~597~~857.0581 5.560% 600874231 62 MF Montclair NJ 2122,~~814~~485.8678 1211,~~185~~514.3543 5.360% 850500074 63 RT Reynoldsburg OH 22,184.25 0.00 5.378% 937241407 64 RT Wimauma FL 2425,~~220~~027.4075 0.00 6.040% 700400272 65 RT Redding CA 2021,~~979~~678.1747 0.00 5.300% 610901698 66 RT Reedley CA 2425,~~254~~026.6682 65,~~749~~977.8064 6.250% 600874232 67 OF Smyrna TN 1920,~~762~~421.5025 0.00 5.270% 600874233 68 OF Franconia VA 20,~~102~~748.0004 54,~~166~~520.8985 5.400% 310902442 69 RT Palmdale CA 2021,~~362~~041.5025 0.00 5.430% 600874234 70 OF Lynnwood WA 2021,~~754~~411.5488 76,~~148~~491.7844 5.600% 600874235 71 IN City of Industry CA 2021,~~717~~373.0516 76,~~159~~503.2716 5.590% 600874236 72 RT Lancaster CA 20,~~264~~896.6778 98,~~158~~526.5443 5.500% 600874237 73 RT North Baldwin NY 23,~~534~~489.6413 8,~~090~~135.3687 6.750% 937241409 74 RT Sorrento FL 2021,~~943~~641.7082 0.00 6.040% 600874238 75 MF Greenville NC 17,~~420~~955.6542 109,~~335~~800.6588 5.160% 600874239 76 IN Cranbury NJ 18,~~295~~873.1376 6,~~686~~108.9532 5.420% 600874201 77 OF Phoenix AZ 1718,~~594~~159.4303 4,~~838~~274.8525 5.250% 700400283 78 MF Huber Heights OH 1718,~~764~~334.3159 4,~~786~~216.7244 5.305% 600874240 79 MF Mesa AZ 16,~~233~~774.3344 0.00 4.870% 700400302 80 IN Shelby NC 19,~~133~~724.2093 98,~~156~~564.0532 5.840% 600874241 81 MF Hillsborough NJ 1617,~~665~~177.8851 9,~~976~~464.0239 5.110% 600874242 82 IN Deer Park TX 1819,~~778~~383.6181 43,~~091~~486.7757 5.890% 410902407 83 SS Willis TX 1819,~~784~~367.2603 87,~~204~~621.5376 6.140% 410902320 84 RT Noblesville IN 1516,~~840~~342.8411 5,~~700~~199.6134 5.450% 600874203 85 RT Fairfield CT 14,~~387~~867.9251 0.00 4.933% 600874204 86 RT Stuart FL 1516,~~612~~113.3582 43,~~065~~563.2780 5.411% 700400200 87 MU New York NY 1415,~~991~~471.1074 43,~~249~~768.4177 5.210% 700400233 88 RT Glendale WI 16,~~260~~784.6203 3,~~770~~247.6019 5.730% 600874243 89 MF Urbandale IA 1718,~~602~~161.9798 54,~~155~~596.6261 6.250% 600874244 90 IN Long Island City NY 1415,~~943~~415.7491 5,~~631~~159.7760 5.350% 937241408 91 RT Tallahassee FL 17,~~047~~616.9016 0.00 6.040% 600874245 92 RT Dawsonville GA 1415,~~881~~341.8140 76,~~457~~997.1758 5.680% 700400244 93 RT Bedford Hills NY 14,~~096~~541.4479 54,~~306~~861.7035 5.370% 600874202 94 RT Vancouver WA 1516,~~759~~266.1690 32,~~405~~898.8915 5.990% 850500128 95 RT Greenville NC 14,~~375~~854.0017 0.00 5.750% 600874246 96 IN Roseville CA 1213,~~962~~371.2060 54,~~015~~605.2383 5.250% 600874247 97 MF Chapel Hill NC 14,~~013~~445.2589 6,~~997~~565.9127 5.720% 410902303 98 SS Nipomo CA 1314,~~973~~422.0692 32,~~246~~796.0216 5.690% 410902192 99 MF Kansas City MO 1213,~~635~~034.4579 4,~~759~~359.0874 5.330% 600874248 100 OF Trumbull CT 12,~~479~~841.7303 11,~~826~~465.3101 5.370% 600874249 101 MF Columbus OH 1112,~~970~~348.7629 4,~~924~~546.2370 5.070% 700400321 102 MU Darien CT 12,~~041~~428.8810 3,~~449~~063.7149 5.110% 700400320 103 MU Darien CT 1112,~~936~~319.2508 3,~~419~~036.4562 5.110% 410902305 104 RT Woodbury MN 13,~~373~~804.4323 32,~~024~~594.9717 5.750% 850500102 105 RT Norcross GA 10,370.81 0.00 4.833% 410902362 106 RT San Jose CA 11,~~156~~515.5605 2,~~881~~523.7122 5.400% 410902265 107 RT Millersville MD 1011,~~973~~325.2656 2,~~940~~588.4212 5.320% 600874250 108 RT Gretna LA 11,~~574~~931.1937 5,~~863~~506.9173 5.670% 850500124 109 OF Santa Monica CA 11,~~345~~704.5444 43,~~051~~692.4757 5.530% 850500115 110 RT Plainfield IL 10,~~022~~009.1740 3,~~085~~097.0885 4.970% 600874251 111 RT Dawsonville GA 11,~~547~~919.1708 2,~~607~~235.5463 5.790% 410902405 112 SS St. Joseph MO 10,~~465~~796.6035 3,~~973~~642.0429 5.290% 600874252 113 IN Rochester NY 10,~~396~~730.1232 2,~~632~~298.9878 5.440% 410902416 114 MH Redlands CA 10,~~235~~564.9789 2,~~650~~321.5462 5.380% 700400267 115 OT Baltimore MD 1011,~~766~~113.9444 2,~~538~~192.5808 5.670% 620902388 116 OF Arcata CA 10,~~472~~796.8680 54,~~035~~711.8490 5.800% 600874253 117 RT Port St Lucie FL 1011,~~696~~036.6320 3,~~343~~004.8225 5.900% 700400256 118 RT Parker CO 910,~~921~~240.7859 2,~~528~~209.2039 5.470% 700400198 119 RT Port Washington NY 910,~~751~~059.47 3,~~653~~345.55 5.420% 700400148 120 MF New York NY 10,~~031~~353.0154 2,~~420~~097.3683 5.680% 850500101 121 RT Martinsville VA 9,332.29 0.00 5.270% 600874254 122 RT Toledo OH 9,~~573~~881.6960 2,~~363~~055.0615 5.510% 620902339 123 SS Houston TX 11,~~099~~453.9873 2,~~948~~594.4368 6.400% 600874255 124 RT New York NY 8,~~613~~838.9601 13,~~927~~703.6358 5.260% 410902306 125 OF Katy TX 9,~~145~~435.9256 32,~~189~~899.6399 5.545% 410902319 126 RT Indianapolis IN 89,~~933~~216.7849 32,~~214~~932.9928 5.450% 600874256 127 IN Groveport OH 9,~~288~~574.3793 4,~~696~~409.2771 5.700% 700400074 128 RT Greensboro NC 1011,~~725~~072.9650 1,~~954~~608.8935 6.530% 410902403 129 OF Roseville CA 9,~~218~~511.9261 2,~~883~~591.8112 5.880% 600874205 130 RT New Canaan CT 78,~~785~~044.1363 0.00 5.105% 850500094 131 RT Taunton MA 7,143.41 0.00 4.935% 600874257 132 RT Columbus OH 78,~~889~~121.4921 6,~~379~~148.7200 5.690% 600874206 133 OT Wilton CT 7,~~444~~692.5874 0.00 5.255% 410902186 134 RT Albany GA 8,~~443~~724.3378 0.00 5.960% 600874258 135 RT Various FL 78,~~789~~017.0685 6,~~282~~053.4465 5.700% 410902451 136 SS Milton WA 7,~~280~~515.8804 1,~~803~~569.7458 5.500% 410902342 137 RT Centennial CO 7,~~350~~587.9269 1,~~674~~438.7801 5.730% 410902200 138 OF Los Angeles CA 7,~~501~~743.8153 1,~~652~~410.1745 5.860% 620902449 139 IN Northridge CA 67,~~956~~180.8975 1,~~663~~439.7690 5.610% 850201713 140 OF Hoboken NJ 6,~~448~~655.2913 1,~~804~~597.1329 5.217% 410902371 141 RT Stillwater MN 6,~~519~~729.0136 1,~~343~~133.5318 6.010% 410902418 142 RT Williamsport PA 6,~~014~~208.8860 1,~~367~~173.3260 5.750% 410902385 143 RT Indianapolis IN 5,~~422~~594.6024 1,~~932~~760.1248 5.480% 850500109 144 RT Paoli PA 5,~~737~~921.1486 1,~~303~~119.9018 5.800% 410902209 145 OF Alexandria VA 5,~~304~~471.1287 1,~~920~~753.9924 5.470% 600874260 146 RT Chicago IL 5,~~135~~293.4477 2,~~743~~584.1986 5.440% 410902398 147 OF Dallas TX 45,~~963~~123.9754 1,~~254~~094.1356 5.460% 620902314 148 SS Phoenix AZ 5,~~119~~281.1534 1,~~734~~572.7051 5.650% 600874261 149 RT Cedar Park TX 45,~~981~~139.9184 1,~~636~~478.4047 5.770% 620902263 150 RT Lake Jackson TX 4,~~703~~852.7686 1,~~563~~414.1505 5.710% 600874262 151 SS Camas WA 5,~~299~~470.3265 ~~962~~790.2996 6.410% 600874263 152 RT Lorain OH 45,~~896~~052.3013 1,~~370~~214.5673 6.250% 600874264 153 RT Chicago IL 4,~~111~~238.7317 2,~~310~~184.4905 5.340% 600874265 154 RT Maywood IL 34,~~885~~005.4115 21,~~106~~986.6490 5.390% 410902336 155 RT Phoenix AZ 4,~~418~~561.2313 ~~789~~646.7888 6.430% 600874266 156 RT Chicago IL 2,~~753~~838.8269 1,~~493~~408.1023 5.390% Totals 45,~~971~~117,~~906~~200.3347 ~~818~~746,~~901~~119.4006

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 700201895 N/A 05/07/2015 N 85,000,000.00 85,000,000.00 1101/07/~~2005~~2006 700201897 N/A 03/07/2015 N 75,000,000.00 75,000,000.00 1201/09/~~2005~~2006 850500081 N/A 10/01/2009 N 71,500,000.00 71,500,000.00 1201/01/~~2005~~2006 850201696 N/A 11/01/2014 N 25,136,055.00 25,136,055.00 1201/01/~~2005~~2006 510902278 N/A 11/01/2014 N 25,136,055.00 25,136,055.00 1201/01/~~2005~~2006 850201697 N/A 11/01/2014 N 6,521,445.00 6,521,445.00 1201/01/~~2005~~2006 510902279 N/A 11/01/2014 N 6,521,445.00 6,521,445.00 1201/01/~~2005~~2006 600874207 02/01/2015 02/01/2035 N 36,750,000.00 36,750,000.00 1112/01/2005 700201896 N/A 05/07/2015 N 31,000,000.00 31,000,000.00 1101/07/~~2005~~2006 850201732 N/A 02/01/2015 N 30,~~601~~554,~~369~~314.5936 30,~~554~~512,~~314~~075.3676 1201/01/~~2005~~2006 700400290 N/A 02/01/2014 N 29,000,000.00 29,000,000.00 1201/01/~~2005~~2006 310902257 01/01/2015 01/01/2035 N 20,000,000.00 20,000,000.00 1101/01/~~2005~~2006 700201219 N/A 02/01/2010 N 18,750,000.00 18,750,000.00 1201/01/~~2005~~2006 700400258 N/A 01/08/2012 N 17,175,000.00 17,175,000.00 1112/08/2005 310902399 N/A 03/01/2020 N 16,~~713~~674,~~267~~875.9687 16,~~674~~639,~~875~~053.8772 1201/01/~~2005~~2006 600874208 N/A 02/01/2015 N 15,~~838~~819,~~852~~795.8524 15,~~819~~802,~~795~~961.2431 1112/01/2005 700400315 N/A 03/01/2015 N 15,000,000.00 15,000,000.00 1201/01/~~2005~~2006 850500090 N/A 11/01/2009 N 13,100,000.00 13,100,000.00 1201/01/~~2005~~2006 600874209 03/01/2017 03/01/2025 N 11,~~887~~859,~~605~~313.3031 11,~~859~~832,~~313~~749.3136 1112/01/2005 850201723 N/A 01/01/2015 N 12,000,000.00 12,000,000.00 1201/01/~~2005~~2006 600874210 N/A 02/01/2015 N 11,~~830~~810,~~383~~534.1796 11,~~810~~792,~~534~~356.9655 1112/01/2005 600874211 N/A 04/01/2015 N 11,~~334~~309,~~533~~615.0991 11,~~309~~286,~~615~~142.9121 1112/01/2005 850201729 N/A 01/01/2015 N 10,~~392~~380,~~414~~727.8494 10,~~380~~370,~~727~~614.9410 1201/01/~~2005~~2006 700400280 N/A 02/09/2015 N 9,100,000.00 9,100,000.00 1112/11/2005 600874212 N/A 03/01/2015 N 9,000,000.00 9,000,000.00 1112/01/2005 600874213 N/A 03/01/2015 N 8,~~884~~868,~~387~~879.9532 8,~~868~~854,~~879~~547.3220 1112/01/2005 600874214 N/A 02/01/2015 N 8,~~910~~900,~~792~~225.3287 8,~~900~~890,~~225~~930.8721 1112/01/2005 310902222 N/A 02/01/2015 N 8,~~461~~448,~~953~~106.2623 8,~~448~~435,~~106~~493.2311 1201/01/~~2005~~2006 600874215 N/A 01/01/2015 N 8,~~110~~100,~~520~~873.8478 8,~~100~~092,~~873~~385.7842 1112/01/2005 600874216 N/A 03/04/2015 N 7,~~934~~925,~~711~~624.9232 7,~~925~~917,~~624~~701.3268 1112/04/2005 850201714 N/A 01/01/2015 N 7,~~910~~900,~~478~~854.2548 7,~~900~~892,~~854~~333.4863 1201/01/~~2005~~2006 850500121 N/A 01/01/2015 N 7,~~877~~864,~~532~~496.4550 7,~~864~~852,~~496~~600.5066 1201/01/~~2005~~2006 700400125 N/A 07/01/2014 N 7,~~826~~814,~~334~~307.1801 7,~~814~~803,~~307~~571.0178 1201/01/~~2005~~2006 850201728 N/A 01/01/2015 N 7,650,000.00 7,650,000.00 1201/01/~~2005~~2006 600874217 N/A 03/01/2015 N 7,~~439~~430,~~329~~872.8544 7,~~430~~423,~~872~~515.4452 1112/01/2005 850500125 N/A 01/01/2013 N 7,~~415~~406,~~512~~436.1539 7,~~406~~398,~~436~~387.3975 1201/01/~~2005~~2006 850500117 N/A 01/01/2015 N 7,~~265~~256,~~976~~965.2522 7,~~256~~248,~~965~~945.2290 1201/01/~~2005~~2006 850500107 N/A 12/01/2009 N 7,235,000.00 7,235,000.00 1201/01/~~2005~~2006 700400226 N/A 12/01/2014 N 6,~~905~~877,~~403~~478.5740 6,~~877~~850,~~478~~412.4021 1201/01/~~2005~~2006 600874218 N/A 01/01/2015 N 7,~~025~~017,~~175~~075.9463 7,~~017~~010,~~075~~012.6312 1112/01/2005 850500132 03/02/2012 03/01/2035 N 6,740,000.00 6,740,000.00 1201/01/~~2005~~2006 600874219 N/A 01/01/2015 N 6,~~478~~470,~~671~~979.3028 6,~~470~~464,~~979~~214.2862 1112/01/2005 600874220 N/A 04/01/2015 N 6,~~434~~424,~~300~~152.0377 6,~~424~~414,~~152~~972.7776 1112/01/2005 310902223 N/A 02/01/2015 N 6,~~331~~321,~~671~~310.2720 6,~~321~~311,~~310~~872.2041 1201/01/~~2005~~2006 600874221 N/A 01/03/2015 N 6,~~231~~224,~~533~~148.5644 6,~~224~~217,~~148~~657.4404 1112/03/2005 310902313 N/A 04/01/2015 N 6,~~159~~152,~~225~~710.6974 6,~~152~~147,~~710~~168.7481 1201/01/~~2005~~2006 600874222 01/02/2015 01/02/2035 N 6,~~136~~129,~~789~~919.8211 6,~~129~~123,~~919~~981.1140 1112/02/2005 700400206 N/A 11/01/2014 N 5,~~918~~911,~~998~~701.7307 5,~~911~~905,~~701~~225.0770 1112/01/2005 310902344 N/A 04/01/2014 N 5,800,000.00 5,800,000.00 1201/01/~~2005~~2006 600874223 N/A 02/01/2015 N 5,~~722~~713,~~840~~761.6575 5,~~713~~705,~~761~~550.7545 1112/01/2005 850500134 N/A 03/01/2015 N 5,~~700~~693,~~468~~634.3777 5,~~693~~687,~~634~~598.7785 1201/01/~~2005~~2006 600874224 N/A 01/03/2016 N 5,~~615~~606,~~769~~770.8716 5,~~606~~598,~~770~~616.1693 1112/03/2005 850500108 N/A 12/01/2009 N 5,417,500.00 5,417,500.00 1201/01/~~2005~~2006 600874225 N/A 03/01/2015 N 5,~~388~~382,~~375~~130.1125 5,~~382~~376,~~130~~642.2596 1112/01/2005 600874226 N/A 04/01/2020 N 5,~~265~~260,~~611~~104.4117 5,~~260~~255,~~104~~437.1758 1112/01/2005 700400252 N/A 01/01/2015 N 5,~~243~~237,~~219~~084.8091 5,~~237~~231,~~084~~712.9119 1201/01/~~2005~~2006 600874227 N/A 03/01/2014 N 5,~~232~~226,~~908~~611.3262 5,~~226~~221,~~611~~098.6256 1112/01/2005 700400279 N/A 02/01/2015 N 5,250,000.00 5,250,000.00 1201/01/~~2005~~2006 600874228 N/A 01/01/2019 N 5,~~042~~034,~~059~~037.8347 5,~~034~~026,~~037~~849.4796 1112/01/2005 600874229 N/A 01/05/2015 N 5,~~045~~039,~~809~~948.0521 5,~~039~~034,~~948~~826.2145 1112/05/2005 610901418 N/A 01/01/2025 N 4,~~990~~979,~~431~~158.7308 4,~~979~~967,~~158~~825.0862 1201/01/~~2005~~2006 700400188 N/A 11/01/2014 N 5,000,000.00 5,000,000.00 1201/01/~~2005~~2006 310902441 N/A 04/01/2015 N 5,000,000.00 5,000,000.00 01/01/2006 600874230 N/A 03/01/2016 N 4,~~959~~954,~~909~~312.5045 4,~~954~~949,~~312~~454.4564 1112/01/2005 600874231 N/A 01/05/2025 N 4,~~883~~871,~~923~~738.4409 4,~~871~~860,~~738~~223.0966 1112/05/2005 850500074 09/01/2009 09/01/2029 N 4,950,000.00 4,950,000.00 1201/01/~~2005~~2006 937241407 N/A 10/01/2014 N 4,812,000.00 4,812,000.00 1201/01/~~2005~~2006 700400272 N/A 02/01/2015 N 4,750,000.00 4,750,000.00 1201/01/~~2005~~2006 610901698 N/A 04/01/2015 N 4,~~656~~650,~~894~~144.4464 4,~~650~~644,~~144~~167.6400 1201/01/~~2005~~2006 600874232 N/A 02/01/2015 N 4,500,000.00 4,500,000.00 1112/01/2005 600874233 N/A 04/01/2015 N 4,~~467~~461,~~110~~943.4051 4,~~461~~457,~~943~~422.5166 1112/01/2005 310902442 N/A 04/01/2015 N 4,500,000.00 4,500,000.00 1201/01/~~2005~~2006 600874234 03/01/2015 03/01/2030 N 4,~~447~~440,~~400~~251.4365 4,~~440~~433,~~251~~760.6521 1112/01/2005 600874235 N/A 03/01/2015 N 4,~~447~~440,~~310~~150.2598 4,~~440~~433,~~150~~647.9882 1112/01/2005 600874236 N/A 02/01/2015 N 4,~~421~~412,~~382~~224.5400 4,~~412~~403,~~224~~697.0057 1112/01/2005 600874237 N/A 01/03/2026 N 4,~~183~~175,~~935~~845.8044 4,~~175~~167,~~845~~709.4457 1112/03/2005 937241409 N/A 10/01/2014 N 4,161,000.00 4,161,000.00 1201/01/~~2005~~2006 600874238 N/A 01/01/2015 N 4,~~051~~040,~~314~~978.6095 4,~~040~~031,~~978~~178.9507 1112/01/2005 600874239 N/A 03/01/2015 N 4,~~050~~043,~~582~~895.5156 4,~~043~~037,~~895~~787.5624 1112/01/2005 600874201 N/A 02/01/2015 N 4,~~021~~016,~~583~~744.6984 4,~~016~~012,~~744~~470.8459 1201/01/~~2005~~2006 700400283 N/A 02/01/2015 N 4,~~018~~013,~~318~~531.0230 4,~~013~~009,~~531~~314.3086 1201/01/~~2005~~2006 600874240 N/A 03/05/2012 N 4,000,000.00 4,000,000.00 1112/05/2005 700400302 N/A 03/01/2025 N 3,~~931~~922,~~478~~322.8277 3,~~922~~913,~~322~~758.7745 1201/01/~~2005~~2006 600874241 N/A 02/01/2015 N 3,~~913~~903,~~708~~732.7068 3,~~903~~894,~~732~~268.6829 1112/01/2005 600874242 N/A 02/01/2015 N 3,~~825~~821,~~862~~771.9619 3,~~821~~818,~~771~~284.1962 1112/01/2005 410902407 N/A 04/01/2015 N 3,~~671~~662,~~191~~987.6815 3,~~662~~655,~~987~~365.1539 1201/01/~~2005~~2006 410902320 N/A 04/01/2015 N 3,~~487~~482,~~891~~190.4180 3,~~482~~476,~~190~~991.8046 1201/01/~~2005~~2006 600874203 N/A 12/01/2014 N 3,500,000.00 3,500,000.00 1201/01/~~2005~~2006 600874204 01/01/2015 01/01/2035 N 3,~~462~~458,~~357~~292.4215 3,~~458~~454,~~292~~728.1535 1201/01/~~2005~~2006 700400200 N/A 11/01/2011 N 3,~~452~~448,~~844~~595.6221 3,~~448~~444,~~595~~826.2144 12/01/2005 700400233 N/A 01/01/2015 N 3,~~405~~401,~~364~~594.6303 3,~~401~~398,~~594~~346.0384 1201/01/~~2005~~2006 600874243 N/A 08/03/2014 N 3,~~379~~374,~~769~~613.5694 3,~~374~~370,~~613~~017.9433 1112/03/2005 600874244 N/A 02/01/2015 N 3,~~351~~346,~~865~~234.8003 3,~~346~~341,~~234~~074.0343 1112/01/2005 937241408 N/A 10/01/2014 N 3,387,000.00 3,387,000.00 1201/01/~~2005~~2006 600874245 N/A 03/01/2025 N 3,~~144~~136,~~044~~587.6649 3,~~136~~129,~~587~~589.4991 1112/01/2005 700400244 N/A 01/01/2015 N 3,~~150~~144,~~043~~736.5787 3,~~144~~139,~~736~~875.8752 1201/01/~~2005~~2006 600874202 N/A 09/01/2014 N 3,~~157~~153,~~093~~688.9607 3,~~153~~150,~~688~~789.0792 1101/01/~~2005~~2006 850500128 02/02/2020 02/01/2035 N 3,000,000.00 3,000,000.00 1201/01/~~2005~~2006 600874246 N/A 03/01/2015 N 2,~~962~~957,~~788~~773.9370 2,~~957~~953,~~773~~167.7087 1112/01/2005 600874247 N/A 02/01/2025 N 2,~~939~~932,~~841~~844.9908 2,~~932~~926,~~844~~278.0881 1112/01/2005 410902303 N/A 03/01/2015 N 2,~~946~~943,~~865~~619.9997 2,~~943~~940,~~619~~823.9781 1201/01/~~2005~~2006 410902192 N/A 03/01/2015 N 2,~~844~~839,~~754~~995.8981 2,~~839~~835,~~995~~636.8107 1201/01/~~2005~~2006 600874248 N/A 04/01/2019 N 2,~~788~~776,~~765~~939.7948 2,~~776~~765,~~939~~474.4847 1112/01/2005 600874249 N/A 03/01/2015 N 2,~~833~~828,~~315~~391.6138 2,~~828~~823,~~391~~844.3868 1112/01/2005 700400321 N/A 04/01/2010 N 2,~~827~~824,~~839~~389.5180 2,~~824~~821,~~389~~326.8031 1201/01/~~2005~~2006 700400320 N/A 04/01/2010 N 2,~~803~~799,~~033~~614.9045 2,~~799~~796,~~614~~577.4583 1201/01/~~2005~~2006 410902305 N/A 04/01/2015 N 2,~~790~~787,~~976~~951.3942 2,~~787~~785,~~951~~357.4225 1201/01/~~2005~~2006 850500102 12/01/2009 12/01/2034 N 2,575,000.00 2,575,000.00 12/01/2005 410902362 N/A 03/01/2015 N 2,~~479~~476,~~236~~354.1948 2,~~476~~473,~~354~~831.4826 1201/01/~~2005~~2006 410902265 N/A 02/01/2015 N 2,~~475~~472,~~170~~230.4503 2,~~472~~469,~~230~~641.0391 1201/01/~~2005~~2006 600874250 N/A 02/01/2025 N 2,~~449~~443,~~564~~700.1423 2,~~443~~438,~~700~~193.2350 1112/01/2005 850500124 N/A 01/01/2015 N 2,~~461~~457,~~962~~911.7225 2,~~457~~454,~~911~~218.2568 1201/01/~~2005~~2006 850500115 N/A 01/01/2012 N 2,~~419~~416,~~840~~755.5042 2,~~416~~413,~~755~~657.4257 1201/01/~~2005~~2006 600874251 N/A 02/01/2015 N 2,~~393~~390,~~196~~589.8430 2,~~390~~388,~~589~~353.3067 1112/01/2005 410902405 N/A 04/01/2015 N 2,~~374~~370,~~048~~075.2420 2,~~370~~366,~~075~~432.2091 1201/01/~~2005~~2006 600874252 N/A 10/01/2012 N 2,~~293~~290,~~262~~629.0305 2,~~290~~288,~~629~~330.0527 1112/01/2005 410902416 N/A 04/01/2015 N 2,~~283~~280,~~117~~466.0955 2,~~280~~278,~~466~~144.5593 1201/01/~~2005~~2006 700400267 N/A 02/01/2010 N 2,~~278~~276,~~717~~179.7618 2,~~276~~273,~~179~~987.1810 1201/01/~~2005~~2006 620902388 N/A 04/01/2015 N 2,~~166~~161,~~797~~761.7793 2,~~161~~157,~~761~~050.9303 1201/01/~~2005~~2006 600874253 N/A 03/01/2015 N 2,~~175~~172,~~585~~241.6684 2,~~172~~169,~~241~~237.8459 1112/01/2005 700400256 N/A 01/01/2015 N 2,~~176~~174,~~623~~095.5232 2,~~174~~171,~~095~~885.3293 1201/01/~~2005~~2006 700400198 N/A 11/01/2014 N 2,~~158~~155,~~998~~344.1257 2,~~155~~151,~~344~~999.5702 1201/01/~~2005~~2006 700400148 N/A 09/01/2014 N 2,~~119~~116,~~226~~806.8246 2,~~116~~114,~~806~~708.4663 1112/08/2005 850500101 12/01/2009 12/01/2034 N 2,125,000.00 2,125,000.00 1201/01/~~2005~~2006 600874254 N/A 04/01/2015 N 2,~~085~~082,~~013~~650.1509 2,~~082~~080,~~650~~594.0994 1112/01/2005 620902339 N/A 04/01/2010 N 2,~~081~~078,~~245~~297.8340 2,~~078~~075,~~297~~702.4072 1201/01/~~2005~~2006 600874255 N/A 01/01/2015 N 1,~~965~~951,~~161~~234.6805 1,~~951~~937,~~234~~530.0547 1112/01/2005 410902306 N/A 04/01/2015 N 1,~~979~~976,~~280~~090.3471 1,~~976~~973,~~090~~190.7172 01/01/2006 410902319 N/A 04/01/2015 N 1,~~967~~963,~~071~~856.7879 1,~~963~~960,~~856~~924.7951 1201/01/~~2005~~2006 600874256 N/A 01/01/2015 N 1,~~955~~950,~~445~~749.8457 1,~~950~~946,~~749~~339.5786 1112/01/2005 700400074 N/A 06/01/2014 N 1,~~971~~969,~~079~~125.9304 1,~~969~~967,~~125~~516.0469 1112/01/2005 410902403 N/A 04/01/2015 N 1,~~881~~878,~~411~~527.6180 1,~~878~~875,~~527~~936.8068 1201/01/~~2005~~2006 600874205 N/A 02/01/2015 N 1,830,000.00 1,830,000.00 1201/01/~~2005~~2006 850500094 11/01/2011 11/01/2034 N 1,737,000.00 1,737,000.00 1201/01/~~2005~~2006 600874257 N/A 01/01/2020 N 1,~~663~~657,~~863~~484.7604 1,~~657~~651,~~484~~336.04 1112/01/2005 600874206 N/A 02/01/2015 N 1,700,000.00 1,700,000.00 1201/01/~~2005~~2006 410902186 N/A 03/01/2015 N 1,700,000.00 1,700,000.00 1201/01/~~2005~~2006 600874258 N/A 01/01/2020 N 1,~~639~~633,~~801~~518.2783 1,~~633~~627,~~518~~465.8318 1112/01/2005 410902451 N/A 04/01/2015 N 1,~~588~~586,~~556~~752.6086 1,~~586~~585,~~752~~183.8628 1201/01/~~2005~~2006 410902342 N/A 04/01/2015 N 1,~~539~~537,~~459~~785.9113 1,~~537~~536,~~785~~347.13 12 01/01/~~2005~~2006 410902200 N/A 02/01/2015 N 1,~~536~~534,~~206~~554.8164 1,~~534~~533,~~554~~144.6419 1201/01/~~2005~~2006 620902449 N/A 03/01/2015 N 1,~~488~~486,~~105~~441.5882 1,~~486~~485,~~441~~001.8292 1201/01/~~2005~~2006 850201713 N/A 01/01/2012 N 1,~~483~~481,~~218~~413.1097 1,~~481~~479,~~413~~816.9768 1201/01/~~2005~~2006 410902371 N/A 04/01/2016 N 1,~~301~~300,~~633~~290.5401 1,~~300~~299,~~290~~156.0183 1201/01/~~2005~~2006 410902418 N/A 03/01/2015 N 1,~~255~~253,~~278~~911.4917 1,~~253~~252,~~911~~737.1757 1201/01/~~2005~~2006 410902385 N/A 04/01/2015 N 1,~~187~~185,~~430~~498.9785 1,~~185~~183,~~498~~738.8537 1201/01/~~2005~~2006 850500109 N/A 12/01/2016 N 1,~~186~~185,~~993~~689.5161 1,~~185~~184,~~689~~570.6143 1201/01/~~2005~~2006 410902209 N/A 02/01/2015 N 1,~~163~~161,~~609~~688.3334 1,~~161~~159,~~688~~935.3410 1201/01/~~2005~~2006 600874260 N/A 04/01/2015 N 1,~~132~~130,~~817~~074.5233 1,~~130~~127,~~074~~489.3347 1112/01/2005 410902398 N/A 03/01/2015 N 1,~~090~~089,~~983~~729.3017 1,~~089~~088,~~729~~634.1761 1201/01/~~2005~~2006 620902314 N/A 03/01/2015 N 1,~~087~~085,~~252~~517.2858 1,~~085~~083,~~517~~945.5807 1201/01/~~2005~~2006 600874261 N/A 02/01/2015 N 1,~~036~~034,~~098~~462.8747 1,~~034~~032,~~462~~984.4700 1112/01/2005 620902263 N/A 03/01/2015 N ~~988,530.35~~ 986,967.20 12985,553.15 01/01/~~2005~~2006 600874262 N/A 02/01/2015 N ~~992,072.54~~ 991,110.25 11990,319.29 12/01/2005 600874263 N/A 03/01/2015 N ~~940,089.60~~ 938,719.04 11937,504.31 12/01/2005 600874264 N/A 01/01/2015 N ~~923,985.36~~ 921,674.87 11919,490.82 12/01/2005 600874265 N/A 04/01/2015 N ~~865,026.78~~ 862,920.14 11860,933.24 12/01/2005 410902336 N/A 03/01/2015 N ~~824~~823,~~552~~762.5779 823,~~762~~115.7991 1201/01/~~2005~~2006 600874266 N/A 04/01/2015 N ~~613,096.38~~ 611,603.28 11610,195.05 12/01/2005 Totals 1,~~116~~115,~~315~~496,~~808~~906.1171 1,~~115~~114,~~496~~750,~~906~~787.7165

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 01/13/2006 0 $0.00 0 $0.00 0 $0.00 12/13/2005 0 $0.00 0 $0.00 0 $0.00 11/14/2005 0 $0.00 0 $0.00 0 $0.00 10/13/2005 0 $0.00 0 $0.00 0 $0.00 09/13/2005 0 $0.00 0 $0.00 0 $0.00 08/15/2005 0 $0.00 0 $0.00 0 $0.00 07/13/2005 0 $0.00 0 $0.00 0 $0.00 06/13/2005 0 $0.00 0 $0.00 0 $0.00 05/13/2005 0 $0.00 0 $0.00 0 $0.00

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 01/13/2006 0 $0.00 0 $0.00 0 $0.00 12/13/2005 0 $0.00 0 $0.00 0 $0.00 11/14/2005 0 $0.00 0 $0.00 0 $0.00 10/13/2005 0 $0.00 0 $0.00 0 $0.00 09/13/2005 0 $0.00 0 $0.00 0 $0.00 08/15/2005 0 $0.00 0 $0.00 0 $0.00 07/13/2005 0 $0.00 0 $0.00 0 $0.00 06/13/2005 0 $0.00 0 $0.00 0 $0.00 05/13/2005 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 01/13/2006 0 $0.00 0 $0.00 5.344326% 5.304512% 105 12/13/2005 0 $0.00 0 $0.00 5.344468% 5.304654% 106 11/14/2005 0 $0.00 0 $0.00 5.344623% 5.304810% 107 10/13/2005 0 $0.00 0 $0.00 5.344762% 5.304950% 108 09/13/2005 0 $0.00 0 $0.00 5.344917% 5.305105% 109 08/15/2005 0 $0.00 0 $0.00 5.345055% 5.305244% 110 07/13/2005 0 $0.00 0 $0.00 5.345192% 5.305382% 111 06/13/2005 0 $0.00 0 $0.00 5.345344% 5.305534% 112 05/13/2005 0 $0.00 0 $0.00 5.345479% 5.305670% 113 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 600874207 5 0 1112/01/2005 ~~163~~168,~~537~~988.5076 ~~163~~168,~~537~~988.5076 ~~B 310902257 9 0 11/01/2005 83,166.67 83,166.67~~ A 600874208 13 0 1112/01/2005 87,~~956~~943.6291 87,~~956~~943.6291 B 600874209 16 0 1112/01/2005 83,~~965~~956.6144 83,~~965~~956.6144 B 600874210 18 0 1112/01/2005 72,~~394~~385.8348 72,~~394~~385.8348 B 600874211 19 0 1112/01/2005 71,~~105~~096.4161 71,~~105~~096.4161 BA 600874212 22 0 1112/01/2005 4042,~~875~~237.0050 4042,~~875~~237.0050 B 600874213 23 0 1112/01/2005 52,~~600~~593.95 52,~~600~~593.95 B 600874214 24 0 1112/01/2005 49,~~922~~915.4530 49,~~922~~915.4530 B 600874215 26 0 1112/01/2005 45,~~536~~529.1160 45,~~536~~529.1160 B 600874216 27 0 1112/04/2005 45,~~124~~118.4104 45,~~124~~118.4104 B 600874217 32 0 1112/01/2005 42,~~492~~486.3537 42,~~492~~486.3537 B 600874218 37 0 1112/01/2005 40,~~181~~176.9531 40,~~181~~176.9531 B 600874219 39 0 1112/01/2005 36,~~414~~408.1493 36,~~414~~408.1493 B 600874220 40 0 1112/01/2005 40,~~495~~490.7161 40,~~495~~490.7161 B 600874221 42 0 1112/03/2005 35,~~063~~058.51 35,~~063~~058.51 B 600874222 44 0 1112/02/2005 35,~~713~~708.6268 35,~~713~~708.6268 B 700400206 45 0 1112/01/2005 32,~~798~~793.6793 32,~~798~~793.6793 A 600874223 47 0 1112/01/2005 36,~~310~~305.0854 36,~~310~~305.0854 B 600874224 49 0 1112/03/2005 35,~~581~~576.0257 35,~~581~~576.0257 B 600874225 51 0 1112/01/2005 29,~~684~~679.2996 29,~~684~~679.2996 B 600874226 52 0 1112/01/2005 31,~~440~~436.3813 31,~~440~~436.3813 B 600874227 54 0 1112/01/2005 30,~~586~~581.1292 30,~~586~~581.1292 B 600874228 56 0 1112/01/2005 34,~~241~~237.0608 34,~~241~~237.0608 B 600874229 57 0 1112/05/2005 28,~~735~~731.1712 28,~~735~~731.1712 BA 600874230 61 0 1112/01/2005 28,~~453~~449.9698 28,~~453~~449.9698 B 600874231 62 0 1112/05/2005 33,~~878~~874.1136 33,~~878~~874.1136 BA 600874232 67 0 1112/01/2005 1920,~~650~~305.00 1920,~~650~~305.00 B 600874233 68 0 1112/01/2005 25,~~157~~153.2162 25,~~157~~153.2162 B 600874234 70 0 1112/01/2005 27,~~792~~788.1462 27,~~792~~788.1462 B 600874235 71 0 1112/01/2005 27,~~765~~761.1462 27,~~765~~761.1462 B 600874236 72 0 1112/01/2005 29,~~312~~309.6823 29,~~312~~309.6823 B 600874237 73 0 1112/03/2005 31,520.4061 31,520.4061 B 600874238 75 0 1112/01/2005 27,~~655~~651.0191 27,~~655~~651.0191 A 600874239 76 0 1112/01/2005 24,~~880~~877.8161 24,~~880~~877.8161 B 600874240 79 0 1112/05/2005 16,~~133~~671.3310 16,~~133~~671.3310 BA 600874241 81 0 1112/01/2005 26,~~544~~541.05 26,~~544~~541.05 BA 600874242 82 0 1112/01/2005 22,~~774~~771.7365 22,~~774~~771.7365 B ~~600874243~~700400200 8987 0 1112/0301/2005 2219,~~674~~151.1042 2219,~~674~~151.1042 BA ~~600874244~~600874243 9089 0 1112/0103/2005 2022,~~491~~671.7141 2022,~~491~~671.7141 B ~~600874245~~600874244 9290 0 1112/01/2005 2220,~~260~~489.3806 2220,~~260~~489.3806 B ~~600874202~~600874245 9492 0 1112/01/2005 1822,~~823~~257.0395 1822,~~823~~257.0395 B 600874246 96 0 1112/01/2005 17,~~903~~901.3603 17,~~903~~901.3603 B 600874247 97 0 1112/01/2005 20,~~937~~935.6739 20,~~937~~935.6739 B 600874248 100 0 1112/01/2005 24,~~236~~234.3230 24,~~236~~234.3230 B 600874249 101 0 1112/01/2005 16,~~824~~821.1692 16,~~824~~821.1692 B 850500102 105 0 12/01/2005 10,306.43 10,306.43 A 600874250 108 0 1112/01/2005 17,~~376~~374.8698 17,~~376~~374.8698 B 600874251 111 0 1112/01/2005 14,~~094~~092.8896 14,~~094~~092.8896 B 600874252 113 0 1112/01/2005 12,~~971~~969.7793 12,~~971~~969.7793 B 600874253 117 0 1112/01/2005 13,~~986~~984.0634 13,~~986~~984.0634 B 600874254 122 0 1112/01/2005 11,~~884~~882.6294 11,~~884~~882.6294 B 600874255 124 0 1112/01/2005 22,~~492~~491.4618 22,~~492~~491.4618 B 600874256 127 0 1112/01/2005 13,~~935~~934.7525 13,~~935~~934.7525 B 700400074 128 0 1112/01/2005 12,~~631~~629.5798 12,~~631~~629.5798 A 600874257 132 0 1112/01/2005 14,~~227~~226.6239 14,~~227~~226.6239 B 600874258 135 0 1112/01/2005 14,~~030~~029.5031 14,~~030~~029.5031 B 600874260 146 0 1112/01/2005 7,~~850~~849.3144 7,~~850~~849.3144 B 600874261 149 0 1112/01/2005 6,~~592~~591.4158 6,~~592~~591.4158 B 600874262 151 0 1112/01/2005 6,236.8101 6,236.8101 B 600874263 152 0 1112/01/2005 6,~~243~~242.3661 6,~~243~~242.3661 B 600874264 153 0 1112/01/2005 6,~~399~~398.1241 6,~~399~~398.1241 B 600874265 154 0 1112/01/2005 5,~~970~~969.4276 5,~~970~~969.4276 B 600874266 156 0 1112/01/2005 4,231.5912 4,231.5912 B Totals 63 1,~~982~~918,~~748~~017.0471 1,~~982~~918,~~748~~017.0471

Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date 600874207 36,750,000.00 0.00 ~~310902257 20,000,000.00 0.00~~ 600874208 15,~~838~~819,~~852~~795.8524 0.00 600874209 11,~~887~~859,~~605~~313.3031 0.00 600874210 11,~~830~~810,~~383~~534.1796 0.00 600874211 11,~~334~~309,~~533~~615.0991 0.00 600874212 9,000,000.00 0.00 600874213 8,~~884~~868,~~387~~879.9532 0.00 600874214 8,~~910~~900,~~792~~225.3287 0.00 600874215 8,~~110~~100,~~520~~873.8478 0.00 600874216 7,~~934~~925,~~711~~624.9232 0.00 600874217 7,~~439~~430,~~329~~872.8544 0.00 600874218 7,~~025~~017,~~175~~075.9463 0.00 600874219 6,~~478~~470,~~671~~979.3028 0.00 600874220 6,~~434~~424,~~300~~152.0377 0.00 600874221 6,~~231~~224,~~533~~148.5644 0.00 600874222 6,~~136~~129,~~789~~919.8211 0.00 700400206 5,~~918~~911,~~998~~701.7307 0.00 600874223 5,~~722~~713,~~840~~761.6575 0.00 600874224 5,~~615~~606,~~769~~770.8716 0.00 600874225 5,~~388~~382,~~375~~130.1125 0.00 600874226 5,~~265~~260,~~611~~104.4117 0.00 600874227 5,~~232~~226,~~908~~611.3262 0.00 600874228 5,~~042~~034,~~059~~037.8347 0.00 600874229 5,~~045~~039,~~809~~948.0521 0.00 600874230 4,~~959~~954,~~909~~312.5045 0.00 600874231 4,~~883~~871,~~923~~738.4409 0.00 600874232 4,500,000.00 0.00 600874233 4,~~467~~461,~~110~~943.4051 0.00 600874234 4,~~447~~440,~~400~~251.4365 0.00 600874235 4,~~447~~440,~~310~~150.2598 0.00 600874236 4,~~421~~412,~~382~~224.5400 0.00 600874237 4,~~183~~175,~~935~~845.8044 0.00 600874238 4,~~051~~040,~~314~~978.6095 0.00 600874239 4,~~050~~043,~~582~~895.5156 0.00 600874240 4,000,000.00 0.00 600874241 3,~~913~~903,~~708~~732.7068 0.00 600874242 3,~~825~~821,~~862~~771.9619 0.00 ~~600874243~~700400200 3,~~379~~448,~~769~~595.5621 0.00 ~~600874244~~600874243 3,~~351~~374,~~865~~613.8094 0.00 ~~600874245~~600874244 3,~~144~~346,~~044~~234.6603 0.00 ~~600874202~~600874245 3,~~157~~136,~~093~~587.9649 0.00 600874246 2,~~962~~957,~~788~~773.9370 0.00 600874247 2,~~939~~932,~~841~~844.9908 0.00 600874248 2,~~788~~776,~~765~~939.7948 0.00 600874249 2,~~833~~828,~~315~~391.6138 0.00 850500102 2,575,000.00 0.00 600874250 2,~~449~~443,~~564~~700.1423 0.00 600874251 2,~~393~~390,~~196~~589.8430 0.00 600874252 2,~~293~~290,~~262~~629.0305 0.00 600874253 2,~~175~~172,~~585~~241.6684 0.00 600874254 2,~~085~~082,~~013~~650.1509 0.00 600874255 1,~~965~~951,~~161~~234.6805 0.00 600874256 1,~~955~~950,~~445~~749.8457 0.00 700400074 1,~~971~~969,~~079~~125.9203 0.00 600874257 1,~~663~~657,~~863~~484.7604 0.00 600874258 1,~~639~~633,~~801~~518.2783 0.00 600874260 1,~~132~~130,~~817~~074.5233 0.00 600874261 1,~~036~~034,~~098~~462.8747 0.00 600874262 ~~992~~991,~~072~~110.5425 0.00 600874263 ~~940~~938,~~089~~719.6004 0.00 600874264 ~~923~~921,~~985~~674.3687 0.00 600874265 ~~865~~862,~~026~~920.7713 0.00 600874266 ~~613~~611,~~096~~603.3828 0.00 Totals ~~341~~323,~~265~~693,~~049~~385.6729 0.00

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = A (411 loans) ~~156~~448,~~251~~436.9267 ~~156~~448,~~251~~436.9267 3183,~~941~~820,~~393~~435.2515 0.00 Total for Status Code = B (5952 loans) 1,~~826~~469,~~496~~581.1204 1,~~826~~469,~~496~~581.1204 ~~309~~239,~~323~~872,~~656~~950.4214 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 Bond/Collateral Realized Loss Reconciliation No Realized Losses this Period

Filing Compare · Bear Stearns Commercial Mortgage Securities Trust 2005-TOP18