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 (Date of earliest event reported) May 24, 2004

NationsLink Funding Corporation (Issuer in respect of Commercial Loan Pass-Through Certificates, Series 1999-LTL-1)
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-66805-02
(Commission
File Number)

56-1950039
(IRS Employer
Identification No.)

100 North Tryon Street, Charlotte, NC
(Address of principal executive offices)

28255
(Zip Code)

Registrant's telephone number, including area code 704-386-2400

(Former name or former address, if changed since last report.)

Item 5. Other Events and Regulation FD Disclosure.

This current report on Form 8-K relates to the monthly distribution reported to the holders of NationsLink Funding Corporation Commercial Loan Pass-Through Certificates, Series 1999-LTL-1, which was made on May 24, 2004.

Item 7. Financial Statements and Exhibits.

99.1 Monthly distribution report pursuant to Section 4.02 of the Pooling and Servicing Agreement for the distribution on May 24, 2004.
(Exhibit No. Description)

SIGNATURES

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.

LASALLE NATIONAL BANK, IN ITS CAPACITY AS TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF NATIONSLINK FUNDING CORPORATION, REGISTRANT

Date: May 27, 2004

By: /s/ Russell Goldenberg
Russell Goldenberg
Group Senior Vice President

NationsLink Funding Corporation, as Depositor

Statement Date:

05/24/04

Bank of America, N.A., as Mortgage Loan Seller

Payment Date:

05/24/04

Capital Lease Funding, L.P., as Mortgage Loan Seller

Prior Payment:

04/22/04

Midland Loan Services, Inc., as Master Servicer and Special Servicer

Record Date:

05/15/04

Administrator:

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Belinda Jenkins (800) 246-5761

ABN AMRO Acct: 720175.2

WAC:

7.465838%

135 S. LaSalle Street Suite 1625

WAMM:

162

Chicago, IL 60603-4159

Number Of Pages

Table Of Contents

REMIC Certificate Report

Other Related Information

Asset Backed Facts Sheets

Delinquency Loan Detail

Mortgage Loan Characteristics

Total Pages Included In This Package

Specially Serviced Loan Detail

Appendix A

Modified Loan Detail

Appendix B

Realized Loss Detail

Appendix C

Interest Adjustment Summary

Appendix D

Information is available for this issue from the following sources

LaSalle Web Site

www.etrustee.net

Monthly Data File Name:

NB99LTL1_200405_3.ZIP

Page 1 of 9

NationsLink Funding Corporation, as Depositor

Statement Date:

05/24/04

Bank of America, N.A., as Mortgage Loan Seller

Payment Date:

05/24/04

Capital Lease Funding, L.P., as Mortgage Loan Seller

Prior Payment:

04/22/04

Midland Loan Services, Inc., as Master Servicer and Special Servicer

Record Date:

05/15/04

Administrator:

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Belinda Jenkins (800) 246-5761

ABN AMRO Acct: 720175.2

WAC:

7.465838%

135 S. LaSalle Street Suite 1625

Remic II

WAMM:

162

Chicago, IL 60603-4159

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Class

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment

Adjustment

Rate (2)

CUSIP

Per $1,000

Next Rate (3)

A-1

75,245,000.00

0.00

6.33300000%

63859CCD3

1000.000000000

0.000000000

FIXED

A-2

193,863,000.00

190,898,847.59

1,394,481.62

0.00

189,504,365.97

1,092,418.66

0.00

6.86700000%

63859CCE1

1000.000000000

984.710066336

7.193129272

0.000000000

977.516937064

5.635003379

0.000000000

FIXED

A-3

127,347,816.00

0.00

127,347,816.00

753,899.07

0.00

7.10400000%

63859CCF8

1000.000000000

0.000000000

1000.000000000

5.919999994

0.000000000

FIXED

492,442,448.00 N

414,241,116.34

0.00

412,846,774.16

154,905.80

0.00

0.44874096%

63859CCG6

1000.000000000

841.197013007

0.000000000

838.365530511

0.314566302

0.000000000

0.50048890%

25,855,814.00

0.00

25,855,814.00

155,242.62

0.00

7.20500000%

63859CCH4

1000.000000000

0.000000000

1000.000000000

6.004166800

0.000000000

FIXED

20,930,897.00

0.00

20,930,897.00

129,056.42

0.00

7.39900000%

63859CCJ0

1000.000000000

0.000000000

1000.000000000

6.165833218

0.000000000

FIXED

30,780,731.00

0.00

30,780,731.00

165,446.43

0.00

6.45000000%

63859CCK7

1000.000000000

0.000000000

1000.000000000

5.375000028

0.000000000

FIXED

11,081,063.00

0.00

11,081,063.00

46,171.10

0.00

5.00000000%

63859CCL5

1000.000000000

0.000000000

1000.000000000

4.166667043

0.000000000

FIXED

3,693,687.00

0.00

3,693,687.00

15,390.36

0.00

5.00000000%

63859CCM3

1000.000000000

0.000000000

1000.000000000

4.166665990

0.000000000

FIXED

3,693,689.00

0.00

3,693,689.00

14,273.59

(1,116.77)

5.00000000%

63859CCN1

1000.000000000

0.000000000

1000.000000000

3.864318301

-0.302345433

FIXED

0.00

9ABSC224

1000.000000000

0.000000000

492,491,697.00

414,282,544.59

1,394,481.62

0.00

412,888,062.97

2,526,804.05

(1,116.77)

Total P&I Payment

3,921,285.67

Page 2 of 9

Notes: (1) N denotes notional balance not included in total (2) Interest Paid minus Interest Adjustment minus Deferred Interest equals Accrual (3) Estimated

NationsLink Funding Corporation, as Depositor

Statement Date:

05/24/04

Bank of America, N.A., as Mortgage Loan Seller

Payment Date:

05/24/04

Capital Lease Funding, L.P., as Mortgage Loan Seller

Prior Payment:

04/22/04

Midland Loan Services, Inc., as Master Servicer and Special Servicer

Record Date:

05/15/04

Administrator:

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Belinda Jenkins (800) 246-5761

ABN AMRO Acct: 720175.2

WAC:

7.465838%

135 S. LaSalle Street Suite 1625

Remic I

WAMM:

162

Chicago, IL 60603-4159

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Class

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment

Adjustment

Rate (2)

CUSIP

Per $1,000

Next Rate (3)

LA-1

7,524.50

0.00

6.33300000%

None

1000.000000000

0.000000000

FIXED

LA-2

19,386.30

19,089.88

139.45

0.00

18,950.43

109.24

0.00

6.86700000%

None

1000.000000000

984.709820853

7.193224081

0.000000000

977.516596772

5.634907125

0.000000000

FIXED

LA-3

12,734.78

0.00

12,734.78

75.39

0.00

7.10400000%

None

1000.000000000

0.000000000

1000.000000000

5.920008041

0.000000000

FIXED

LWAC

492,442,448.00

414,241,116.50

1,394,342.17

0.00

412,846,774.33

2,526,619.42

(1,064.10)

7.32235432%

None

1000.000000000

841.197013341

2.831482492

0.000000000

838.365530849

5.130791284

-0.002160862

7.37412459%

2,585.58

0.00

2,585.58

0.00

(15.52)

7.20500000%

None

1000.000000000

0.000000000

1000.000000000

0.000000000

-6.002521678

FIXED

2,093.09

0.00

2,093.09

0.00

(12.91)

7.39900000%

None

1000.000000000

0.000000000

1000.000000000

0.000000000

-6.167914423

FIXED

3,078.07

0.00

3,078.07

0.00

(16.54)

6.45000000%

None

1000.000000000

0.000000000

1000.000000000

0.000000000

-5.373497029

FIXED

1,108.11

0.00

1,108.11

0.00

(4.62)

5.00000000%

None

1000.000000000

0.000000000

1000.000000000

0.000000000

-4.169261174

FIXED

369.37

0.00

369.37

0.00

(1.54)

5.00000000%

None

1000.000000000

0.000000000

1000.000000000

0.000000000

-4.169261174

FIXED

369.37

0.00

369.37

0.00

(1.54)

5.00000000%

None

1000.000000000

0.000000000

1000.000000000

0.000000000

-4.169261174

FIXED

0.00

9ABSC225

1000.000000000

0.000000000

492,491,697.17

414,282,544.75

1,394,481.62

0.00

412,888,063.13

2,526,804.05

(1,116.77)

Total P&I Payment

3,921,285.67

Page 3 of 9

Notes: (1) N denotes notional balance not included in total (2) Interest Paid minus Interest Adjustment minus Deferred Interest equals Accrual (3) Estimated

NationsLink Funding Corporation, as Depositor

Statement Date:

05/24/04

Bank of America, N.A., as Mortgage Loan Seller

Payment Date:

05/24/04

Capital Lease Funding, L.P., as Mortgage Loan Seller

Prior Payment:

04/22/04

Midland Loan Services, Inc., as Master Servicer and Special Servicer

Record Date:

05/15/04

Administrator:

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Belinda Jenkins (800) 246-5761

ABN AMRO Acct: 720175.2

135 S. LaSalle Street Suite 1625

Other Related Information

Chicago, IL 60603-4159

P&I Advances made by:

Beginning

Current

Ending

Unreimbursed

Period

Reimbursed

Unreimbursed

Servicer

(0.00)

200,465.58

0.00

200,465.57

Trustee

0.00

Total P&I Advances

(0.00)

200,465.58

0.00

200,465.57

Master Servicing Fee

44,357.14

Special Servicing Compensation

1,131.99

Additional Servicing Compensation

0.00

Current Realized Losses

0.00

Cumulative Realized Losses

0.00

Current Additional Trust Fund Expense

0.00

Principal Distribution Amount

Monthly Payments

1,394,481.62

Curtailments

0.00

Other Principal Adjusments

0.00

Prepayments in Full

0.00

Liquidation Proceeds

0.00

REO Proceeds

0.00

Other Principal Proceeds

0.00

Total Principal Distribution Amount

1,394,481.62

Page 4 of 9

NationsLink Funding Corporation, as Depositor

Statement Date:

05/24/04

Bank of America, N.A., as Mortgage Loan Seller

Payment Date:

05/24/04

Capital Lease Funding, L.P., as Mortgage Loan Seller

Prior Payment:

04/22/04

Midland Loan Services, Inc., as Master Servicer and Special Servicer

Record Date:

05/15/04

Administrator:

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Belinda Jenkins (800) 246-5761

ABN AMRO Acct: 720175.2

135 S. LaSalle Street Suite 1625

Other Related Information

Chicago, IL 60603-4159

Available Distribution Amount

3,921,285.67

Available Funds Allocable to Principal

1,394,481.62

Principal Distribution Amount

1,394,481.62

Available Funds Allocable to Interest

2,526,804.05

Distributable Certificate Interest-Remic II

2,526,804.05

Beginning Stated Principal Balance

414,282,546.06

Ending Stated Principal Balance

412,888,064.44

Beginning Loan Count

127

Ending Loan Count

127

Certificate Interest Allocations

Beginning

Ending

Accrued

Interest

Unpaid

Prepayment

Class

Interest

Distributed

Interest

Premiums

A-1

0.00

A-2

1,092,418.66

0.00

A-3

753,899.07

0.00

154,905.80

0.00

155,242.62

0.00

129,056.42

0.00

165,446.43

0.00

46,171.10

0.00

15,390.36

0.00

15,390.36

14,273.59

12,431.30

13,599.87

0.00

Totals

2,527,920.82

2,526,804.05

12,431.30

13,599.87

0.00

Page 5 of 9

NationsLink Funding Corporation, as Depositor

Statement Date:

05/24/04

Bank of America, N.A., as Mortgage Loan Seller

Payment Date:

05/24/04

Capital Lease Funding, L.P., as Mortgage Loan Seller

Prior Payment:

04/22/04

Midland Loan Services, Inc., as Master Servicer and Special Servicer

Record Date:

05/15/04

Administrator:

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Belinda Jenkins (800) 246-5761

ABN AMRO Acct: 720175.2

135 S. LaSalle Street Suite 1625
Chicago, IL 60603-4159

Distribution

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Foreclosure/Bankruptcy

REO

Modifications

Prepayments

Curr Weighted Avg.

Date

Balance

Coupon

Remit

05/24/04

7.4658%

7.3224%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

04/22/04

7.5189%

7.3742%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

03/22/04

7.4130%

7.2707%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

02/23/04

7.5189%

7.3742%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

01/22/04

15,725,400

7.5189%

7.3742%

0.00%

0.000%

0.79%

3.747%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

12/22/03

15,804,788

7.4660%

7.3226%

0.79%

3.754%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

11/24/03

7.5189%

7.3742%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

10/22/03

7.4661%

7.3226%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

09/22/03

7.5189%

7.3743%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

08/22/03

7.5189%

7.3743%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

07/22/03

7.4662%

7.3228%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

06/23/03

7.5190%

7.3743%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

05/22/03

7.4663%

7.3229%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

04/22/03

7.5190%

7.3744%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

03/24/03

7.3610%

7.2200%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

02/24/03

7.5191%

7.3745%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

0.00%

0.000%

Page 6 of 9

Note: Foreclosure and REO Totals are Included in the Appropriate Delinquency Aging Category

NationsLink Funding Corporation, as Depositor

Statement Date:

05/24/04

Bank of America, N.A., as Mortgage Loan Seller

Payment Date:

05/24/04

Capital Lease Funding, L.P., as Mortgage Loan Seller

Prior Payment:

04/22/04

Midland Loan Services, Inc., as Master Servicer and Special Servicer

Record Date:

05/15/04

Administrator:

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Belinda Jenkins (800) 246-5761

ABN AMRO Acct: 720175.2

135 S. LaSalle Street Suite 1625
Chicago, IL 60603-4159

Delinquent Loan Detail

Paid

Outstanding

Out. Property

Special

Disclosure Doc

Thru

Current P&I

P&I

Protection

Advance

Servicer

Foreclosure

Bankruptcy

REO

Control #

Date

Advance

Advances**

Advances

Description (1)

Transfer Date

Date

865NB

04/15/04

182,941.47

0.00

50849

04/01/04

17,524.11

0.00

Total

200,465.58

0.00

A. P&I Advance - Loan in Grace Period

1. P&I Advance - Loan delinquent 1 month

3. P&I Advance - Loan delinquent 3 months or More

B. P&I Advance - Late Payment but < one month delinq

2. P&I Advance - Loan delinquent 2 months

4. Matured Balloon/Assumed Scheduled Payment

** Outstanding P&I Advances include the current period P&I Advance

Page 7 of 9

NationsLink Funding Corporation, as Depositor

Statement Date:

05/24/04

Bank of America, N.A., as Mortgage Loan Seller

Payment Date:

05/24/04

Capital Lease Funding, L.P., as Mortgage Loan Seller

Prior Payment:

04/22/04

Midland Loan Services, Inc., as Master Servicer and Special Servicer

Record Date:

05/15/04

Administrator:

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Belinda Jenkins (800) 246-5761

ABN AMRO Acct: 720175.2

135 S. LaSalle Street Suite 1625

Pool Total

Chicago, IL 60603-4159

Distribution of Principal Balances

Distribution of Property Types

Geographic Distribution

Current Scheduled

Number

Scheduled

Based on

Number

Scheduled

Based on

Number

Scheduled

Based on

Balances

of Loans

Balance

Property Types

of Loans

Balance

Geographic Location

of Loans

Balance

$500,000

0.00%

Retail

103

313,342,053

75.89%

Massachusetts

49,408,667

11.97%

$500,000

$1,000,000

12,245,407

2.97%

Office

69,249,529

16.77%

Texas

48,760,399

11.81%

$1,000,000

$1,250,000

22,765,680

5.51%

Industrial

13,557,442

3.28%

New York

44,836,390

10.86%

$1,250,000

$1,500,000

15,267,322

3.70%

Other

8,977,101

2.17%

South Carolina

43,221,986

10.47%

$1,500,000

$1,750,000

24,516,848

5.94%

Mobile Home

7,761,940

1.88%

Florida

39,196,677

9.49%

$1,750,000

$2,000,000

20,515,657

4.97%

Georgia

26,106,223

6.32%

$2,000,000

$2,250,000

10,697,057

2.59%

Pennsylvania

20,195,864

4.89%

$2,250,000

$2,500,000

21,346,280

5.17%

Maryland

15,741,362

3.81%

$2,500,000

$3,000,000

22,002,134

5.33%

North Carolina

15,601,241

3.78%

$3,000,000

$3,500,000

9,898,009

2.40%

California

15,596,490

3.78%

$3,500,000

$4,000,000

7,555,184

1.83%

Virginia

15,054,296

3.65%

$4,000,000

$5,000,000

51,260,399

12.42%

Michigan

12,513,831

3.03%

$5,000,000

$5,500,000

15,928,033

3.86%

Total

127

412,888,064

100.00%

Tennessee

9,893,132

2.40%

$5,500,000

$6,000,000

11,633,447

2.82%

New Jersey

8,733,097

2.12%

$6,000,000

$7,000,000

13,529,864

3.28%

Distribution of Mortgage Interest Rates

Ohio

7,541,446

1.83%

$7,000,000

$9,000,000

15,808,472

3.83%

Current Mortgage

Number

Scheduled

Based on

Connecticut

5,356,239

1.30%

$9,000,000

$10,000,000

19,270,126

4.67%

Interest Rate

of Loans

Balance

Illinois

4,795,526

1.16%

$10,000,000

$15,000,000

34,653,093

8.39%

6.500% or less

0.00%

Nebraska

4,787,719

1.16%

$15,000,000

$20,000,000

47,297,332

11.46%

6.500% to 6.750%

3,460,864

0.84%

New Mexico

4,722,605

1.14%

$20,000,000

Above

36,697,720

8.89%

6.750% to 7.000%

50,128,272

12.14%

Arkansas

3,374,039

0.82%

Total

127

412,888,064

100.00%

7.000% to 7.250%

90,823,322

22.00%

Nevada

3,366,300

0.82%

Average Scheduled Balance is

3,251,087

7.250% to 7.500%

107,980,882

26.15%

New Hampshire

3,278,643

0.79%

Maximum Scheduled Balance is

36,697,720

7.500% to 7.750%

36,045,015

8.73%

Maine

3,164,928

0.77%

Minimum Scheduled Balance is

661,480

7.750% to 8.000%

88,808,895

21.51%

Kansas

2,583,760

0.63%

8.000% to 8.250%

30,669,993

7.43%

District of Columbia

2,022,736

0.49%

8.250% to 8.500%

4,970,821

1.20%

Missouri

1,149,327

0.28%

8.500% to 8.750%

0.00%

Alabama

1,119,662

0.27%

8.750% to 9.000%

0.00%

Washington

765,478

0.19%

9.000% to 9.250%

0.00%

9.250% to 9.500%

0.00%

9.500% to 9.750%

0.00%

9.750% &

Above

0.00%

Total

127

412,888,064

100.00%

Total

127

412,888,064

100.00%

W/Avg Mortgage Interest Rate is

7.4658%

Minimum Mortgage Interest Rate is

6.7300%

Maximum Mortgage Interest Rate is

8.3200%

Page 8 of 9

NationsLink Funding Corporation, as Depositor

Statement Date:

05/24/04

Bank of America, N.A., as Mortgage Loan Seller

Payment Date:

05/24/04

Capital Lease Funding, L.P., as Mortgage Loan Seller

Prior Payment:

04/22/04

Midland Loan Services, Inc., as Master Servicer and Special Servicer

Record Date:

05/15/04

Administrator:

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Belinda Jenkins (800) 246-5761

ABN AMRO Acct: 720175.2

135 S. LaSalle Street Suite 1625

Pool Total

Chicago, IL 60603-4159

Loan Seasoning

Distribution of Remaining Term

Distribution of DSCR

Number

Scheduled

Based on

Fully Amortizing

Debt Service

Number

Scheduled

Based on

Number of Years

of Loans

Balance

Fully Amortizing

Number

Scheduled

Based on

Coverage Ratio (1)

of Loans

Balance

1 year or less

0.00%

Mortgage Loans

of Loans

Balance

0.500 or less

0.00%

1+ to 2 years

0.00%

60 months or less

7,960,083

1.93%

0.500 to 0.625

0.00%

2+ to 3 years

0.00%

61 to 120 months

30,951,974

7.50%

0.625 to 0.750

1,103,526

0.27%

3+ to 4 years

0.00%

121 to 180 months

220,016,963

53.29%

0.750 to 0.875

782,515

0.19%

4+ to 5 years

0.00%

181 to 240 months

114,520,109

27.74%

0.875 to 1.000

41,132,286

9.96%

5+ to 6 years

131,604,518

31.87%

241 to 360 months

0.00%

1.000 to 1.125

30,638,003

7.42%

6+ to 7 years

238,853,464

57.85%

Total

117

373,449,130

90.45%

1.125 to 1.250

20,398,677

4.94%

7+ to 8 years

42,430,083

10.28%

Weighted Average Months to Maturity is

168

1.250 to 1.375

9,570,306

2.32%

8+ to 9 years

0.00%

1.375 to 1.500

8,021,111

1.94%

9+ to 10 years

0.00%

1.500 to 1.625

4,970,821

1.20%

10 years or more

0.00%

1.625 to 1.750

14,643,485

3.55%

Total

127

412,888,064

100.00%

1.750 to 1.875

2,583,760

0.63%

Weighted Average Seasoning is

6.4

1.875 to 2.000

0.00%

2.000 to 2.125

39,181,540

9.49%

2.125 & above

8,036,382

1.95%

Unknown

231,825,652

56.15%

Total

127

412,888,064

100.00%

Weighted Average Debt Service Coverage Ratio is

1.379

Distribution of Amortization Type

Number

Scheduled

Based on

Distribution of Remaining Term

Amortization Type

of Loans

Balance

Balloon Loans

NOI Aging

Fully Amortizing

117

373,449,130

90.45%

Balloon

Number

Scheduled

Based on

Number

Scheduled

Based on

Amortizing Balloon

39,438,935

9.55%

Mortgage Loans

of Loans

Balance

NOI Date

of Loans

Balance

12 months or less

0.00%

1 year or less

0.00%

13 to 24 months

0.00%

1 to 2 years

0.00%

25 to 36 months

0.00%

2 Years or More

185,581,687

44.95%

37 to 48 months

0.00%

Unknown

227,306,378

55.05%

49 to 60 months

0.00%

Total

127

412,888,064

100.00%

61 to 120 months

39,438,935

9.55%

121 to 180 months

0.00%

181 to 240 months

0.00%

Total

127

412,888,064

100.00%

Total

39,438,935

9.55%

Weighted Average Months to Maturity is

106

(1) Debt Service Coverage Ratios are calculated as described in the prospectus, values are updated periodically as new NOI figures became available from borrowers on an asset level.
Neither the Trustee, Servicer, Special Servicer or Underwriter makes any representation as to the accuracy of the data provided by the borrower for this calculation.

Page 9 of 9

NationsLink Funding Corporation, as Depositor

Statement Date:

05/24/04

Bank of America, N.A., as Mortgage Loan Seller

Payment Date:

05/24/04

Capital Lease Funding, L.P., as Mortgage Loan Seller

Prior Payment:

04/22/04

Midland Loan Services, Inc., as Master Servicer and Special Servicer

Record Date:

05/15/04

Administrator:

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Belinda Jenkins (800) 246-5761

ABN AMRO Acct: 720175.2

135 S. LaSalle Street Suite 1625

Chicago, IL 60603-4159

Specially Serviced Loan Detail

Ending

Specially

Disclosure

Scheduled

Interest

Maturity

Property

Serviced

Control #

Balance

Rate

Date

Type

Status Code (1)

Comments

50746

4,519,274.68

7.430%

5/1/2013

Retail

(1) Legend :

1) Request for waiver of Prepayment Penalty

4) Loan with Borrower Bankruptcy

7) Loans Paid Off

2) Payment default

5) Loan in Process of Foreclosure

8) Loans Returned to Master Servicer

3) Request for Loan Modification or Workout

6) Loan now REO Property

9) Other

Appendix A

Loan continues to be current. Borrower previously presented offer to pay loan in
full if lender waived prepayment premium. We accepted this offer, subject to loan
remaining current and borrower paying accrued interest due at closing. Borrower
to either sell or refinance. We have extended this offer.

NationsLink Funding Corporation, as Depositor

Statement Date:

05/24/04

Bank of America, N.A., as Mortgage Loan Seller

Payment Date:

05/24/04

Capital Lease Funding, L.P., as Mortgage Loan Seller

Prior Payment:

04/22/04

Midland Loan Services, Inc., as Master Servicer and Special Servicer

Record Date:

05/15/04

Administrator:

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Belinda Jenkins (800) 246-5761

ABN AMRO Acct: 720175.2

135 S. LaSalle Street Suite 1625
Chicago, IL 60603-4159

Modified Loan Detail

Disclosure

Modification

Control #

Date

Description

Appendix B

NationsLink Funding Corporation, as Depositor

Statement Date:

05/24/04

Bank of America, N.A., as Mortgage Loan Seller

Payment Date:

05/24/04

Capital Lease Funding, L.P., as Mortgage Loan Seller

Prior Payment:

04/22/04

Midland Loan Services, Inc., as Master Servicer and Special Servicer

Record Date:

05/15/04

Administrator:

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Belinda Jenkins (800) 246-5761

ABN AMRO Acct: 720175.2

135 S. LaSalle Street Suite 1625

Chicago, IL 60603-4159

Realized Loss Detail

Beginning

Gross Proceeds

Aggregate

Net

Net Proceeds

Dist.

Disclosure

Appraisal

Scheduled

Gross

as a % of

Liquidation

as a % of

Realized

Date

Control #

Date

Value

Balance

Proceeds

Sched Principal

Expenses *

Proceeds

Sched. Balance

Loss

Current Total

0.00

Cumulative

0.00

Appendix C

* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

NationsLink Funding Corporation, as Depositor

Statement Date:

05/24/04

Bank of America, N.A., as Mortgage Loan Seller

Payment Date:

05/24/04

Capital Lease Funding, L.P., as Mortgage Loan Seller

Prior Payment:

04/22/04

Midland Loan Services, Inc., as Master Servicer and Special Servicer

Record Date:

05/15/04

Administrator:

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Belinda Jenkins (800) 246-5761

ABN AMRO Acct: 720175.2

135 S. LaSalle Street Suite 1625

Chicago, IL 60603-4159

Interest Adjustment Summary

Shortfalls Allocated to the Bonds:

Excess Allocated to the Bonds:

Net Prepayment Interest Shortfalls Allocated to the Bonds

0.00 Other Interest Proceeds Due Bonds

15.50

Special Servicing Fees

1,131.99 Prepayment Interest Excess Due the Bonds

0.00

Workout Fees

0.00 Yield Maintenance Penalties Due to the Bonds

0.00

Liquidation Fees

0.00 Prepayment Penalties Due to the Bonds

0.00

Legal Fees

0.00 Recovered ASER Interest Due to the Bonds

0.00

Misc. Fees & Expenses Paid by/to Servicer

0.00 Recovered Interest Due to the Bonds

0.00

Interest Paid to Servicer on Outstanding Advances

0.28 Total Excess Allocated to the Bonds

15.50

ASER Interest Advance Reduction

0.00

Interest Not Advanced (Current Period)

0.00

Recoup of Prior Advances by Servicer

0.00

Servicing Fees Paid Servicer on Loans Not Advanced

0.00

Misc. Fees & Expenses Paid by Trust

0.00

Shortfall Due to Rate Modification

0.00

Total Shortfall Allocated to the Bonds

1,132.27

Total Excess Allocated to the Bonds

15.50

Less Total Shortfall Allocated to the Bonds

1,132.27

Total Interest Adjustment to the Bonds

(1,116.77)

Appendix D

NATIONSLINK FUNDING CORP 1999-LTL-1 COMMER LOAN PAS THR CER 8-K