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Deloitte & Touche LLP

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INDEPENDENT ACCOUNTANTS' REPORT

Board of Directors
The PNC Financial Services Group, Inc.

We have examined management's assertion that Midland Loan Services, Inc. (MLS), an indirect
wholly-owned subsidiary of The PNC Financial Services Group, Inc., has complied as of and for
the year ended December 31,2004 with its established minimum servicing standards described in
the accompanying report titled Management's Assertion dated February 15,2005. Management is
responsible for MLS's compliance with those minimum servicing standards. Our responsibility is
to express an opinion on management's assertion about MLS's compliance based on our
examination.

Our examination was conducted in accordance with attestation standards established by the
American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence about MLS's compliance with its minimum servicing standards and
performing such other procedures as we considered necessary in the circumstances. We believe
that our examination provides a reasonable basis for our opinion. Our examination does not
provide a legal determination on MLS's compliance with its minimum servicing standards.

In our opinion, management's assertion that MLS complied with the aforementioned minimum
servicing standards as of and for the year ended December 31, 2004 is fairly stated, in all material
respects, based on the criteria set forth in Appendix I.

Deloitte & Touche LLP

February 15, 2005

Member of

Deloitte

Touche Tohmatsu

IDLAND

OAN

ERVICES

Management's Assertion

As of and for the year ended December 31, 2004, Midland Loan Services, Inc. (MLS), an indirect
wholly-owned subsidiary of The PNC Financial Services Group, Inc. (PNC), has complied, in all
material respects, with MLS's established minimum servicing standards for commercial loans and
multifamily servicing as set forth in Appendix I (the "Standards"). The standards are based on the
Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage
Bankers, modified to address the unique characteristics of commercial loans and multifamily
servicing.

As of and for this same period, MLS was covered by PNC's fidelity bond in the amount of
$200,000,000 and an errors and omissions policy in an amount of at least $25,000,000.

MIDLAND LOAN SERVICES, INC.

/s/: Douglas D. Dartfort
CEO/President

/s/: Steven W. Smith
COO/Executive
Vice President

/s/: Dave Bodi
COO/Executive
Vice President

February 15,2005

A Member of the PNC Financial Services Group
10851 Mastin P.O. Box 25965 Shawnee Mission Kansas 66225-5965
www.midlandls.com 913 253 9000 T 913 253 979F

MIDLAND LOAN SERVICES

APPENDIX I-MLS's MINIMUM SERVICING STANDARDS

I. CUSTODIAL BANK ACCOUNTS

1. Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and

related bank clearing accounts. These reconciliations shall:

* be mathematically accurate;
* be prepared within forty-five (45) calendar days after the cutoff date;
* be reviewed and approved by someone other than the person who prepared the
reconciliation; and
*document explanations for reconciling items. These reconciling items shall be resolved
within ninety (90) calendar days of their original identification.

Funds of the servicing entity shall be advanced in cases where there is an overdraft in an
investor's or a mortgagor's account.

Each custodial account shall be maintained at a federally insured depository institution in
trust for the applicable investor.

Escrow funds held in trust for a mortgagor shall be retuned to the mortgagor within thirty
(30) calendar days of payoff of the mortgage loan.

II. MORTGAGE PAYMENTS

Mortgage payments shall be deposited into the custodial bank accounts and related bank
clearing accounts within two business days of receipt

Mortgage payments made in accordance with the mortgagor's loan documents shall be
posted to the applicable mortgagor records within two business days of receipt.

Mortgage payments shall be allocated to principal, interest, insurance, taxes or other
escrow items in accordance with the mortgagor's loan documents.

Mortgage payments identified as loan payoffs shall be allocated in accordance with the
mortgagor's loan documents.

III. DISBURSEMENTS

Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made
only by authorized personnel.

Disbursements made on behalf of a mortgagor or investor shall be posted within two
business days to the mortgagor's or investor's records maintained by the servicing entity.

Tax and insurance payments shall be made on or before the penalty or insurance policy
expiration dates, as indicated on tax bills and insurance premium notices, respectively,
provided that such

support has been received by the servicing entity at least thirty (30) calendar days prior to
these dates.

Any late payment penalties paid in conjunction with the payment of any tax bill or
insurance premium notice shall be paid from the servicing entity's funds and not charged
to the mortgagor, unless the late payment was due to the mortgagor's error or omission.

Amounts remitted to investors per the servicer's investor reports shall agree with
cancelled checks, or other form of payment, or custodial bank statements.

Unused checks shall be safeguarded so as to prevent unauthorized access.

IV. INVESTOR ACCOUNTING AND REPORTING

1. The servicing entity's investor reports shall agree with, or reconcile to, investors' records

on a monthly basis as to the total unpaid principal balance and number of loans serviced
by the servicing entity.

V. MORTGAGOR LOAN ACCOUNTING

The servicing entity's mortgage loan records shall agree with, or reconcile to, the records
of mortgagors with respect to the unpaid principal balance on a monthly basis.

Adjustments on ARM loans shall be computed based on the related mortgage note and
any ARM rider.

Escrow accounts shall be analyzed, in accordance with the mortgagor's loan documents,
on at least an annual basis.

VI. INSURANCE POLICIES

1. A fidelity bond and errors and omissions policy shall be in effect on the servicing entity

throughout the reporting period in the amount of coverage represented to investors in
management's assertion.

BANC OF AMERICA COMM MORT INC PASS THROU CERTS SERIES 2004 2 10-K