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: November 14, 2005
(Date of earliest event reported)
Commission File No.: 333-120522-05
Bear Stearns Commercial Mortgage Securities Inc.
Commercial Mortgage Pass-Through Certificates
Series 2005-TOP20
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
54-2186685
54-2186686
54-2186687
54-2186690
(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 November 14, 2005, a distribution was made to holders of Bear Stearns
Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through
Certificates, Series 2005-TOP20.
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-TOP20, relating to
the November 14, 2005 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Bear Stearns Commercial Mortgage Securities Inc.
Commercial Mortgage Pass-Through Certificates
Series 2005-TOP20
(Registrant)
By: Wells Fargo Bank, N.A. as Paying Agent
By: /s/ Beth Belfield, Officer
By: Beth Belfield, Officer
Date: November 14, 2005
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial
Mortgage Pass-Through Certificates, Series 2005-TOP20,
relating to the November 14, 2005 distribution.
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
Bear Stearns Commercial Mortgage Securities Inc.
Commercial Mortgage Pass-Through Certificates
Series 2005-TOP20
For Additional Information, please contact
CTSLink Customer Service
(301) 815-6600
Reports Available on the World Wide Web
@ www.ctslink.com/cmbs
Payment Date: November 14, 2005
Record Date: October 31, 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 - 17
Principal Prepayment Detail 18
Historical Detail 19
Delinquency Loan Detail 20 - 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 2005, Wells Fargo Bank, N.A.
<TABLE>
<CAPTION>
Certificate Distribution Detail
Class CUSIP Pass-Through Original Beginning Principal Interest
Rate Balance Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
A-1 07387BCG6 4.940000% 126,750,000.00 126,750,000.00 935,542.43 521,787.50
A-2 07387BCH4 5.127000% 189,450,000.00 189,450,000.00 0.00 809,425.13
A-3 07387BCJ0 5.303188% 176,000,000.00 176,000,000.00 0.00 777,800.94
A-AB 07387BCK7 5.287188% 142,600,000.00 142,600,000.00 0.00 628,294.20
A-4A 07387BCL5 5.303188% 954,956,000.00 954,956,000.00 0.00 4,220,259.50
A-4B 07387BCM3 5.303188% 130,816,000.00 130,816,000.00 0.00 578,118.22
A-J 07387BCN1 5.303188% 147,699,000.00 147,699,000.00 0.00 652,729.66
B 07387BCP6 5.303188% 15,548,000.00 15,548,000.00 0.00 68,711.64
C 07387BCQ4 5.303188% 20,730,000.00 20,730,000.00 0.00 91,612.58
D 07387BCR2 5.303188% 15,547,000.00 15,547,000.00 0.00 68,707.22
E 07387BCS0 5.303188% 28,503,000.00 28,503,000.00 0.00 125,963.98
F 07387BBF9 5.303188% 18,139,000.00 18,139,000.00 0.00 80,162.11
G 07387BBG7 5.303188% 18,139,000.00 18,139,000.00 0.00 80,162.11
H 07387BBH5 5.303188% 23,321,000.00 23,321,000.00 0.00 103,063.04
J 07387BBJ1 5.303188% 18,138,000.00 18,138,000.00 0.00 80,157.69
K 07387BBK8 4.973000% 5,183,000.00 5,183,000.00 0.00 21,479.22
L 07387BBL6 4.973000% 7,773,000.00 7,773,000.00 0.00 32,212.61
M 07387BBM4 4.973000% 7,774,000.00 7,774,000.00 0.00 32,216.75
N 07387BBN2 4.973000% 2,591,000.00 2,591,000.00 0.00 10,737.54
O 07387BBP7 4.973000% 2,591,000.00 2,591,000.00 0.00 10,737.54
P 07387BBQ5 4.973000% 5,183,000.00 5,183,000.00 0.00 21,479.22
Q 07387BBR3 4.973000% 15,547,628.00 15,547,628.00 0.00 64,431.96
LF 07387BBS1 5.056844% 20,000,000.00 20,000,000.00 0.00 84,280.73
R-I N/A 0.000000% 0.00 0.00 0.00 0.00
R-II N/A 0.000000% 0.00 0.00 0.00 0.00
R-III N/A 0.000000% 0.00 0.00 0.00 0.00
Totals 2,092,978,628.00 2,092,978,628.00 935,542.43 9,164,531.09
</TABLE>
<TABLE>
<CAPTION>
Class CUSIP Prepayment Realized Loss/ Total Ending Current
Penalties Additional Trust Distribution Balance Subordination
Fund Expenses Level (1)
<s> <c> <c> <c> <c> <c> <c>
A-1 07387BCG6 0.00 0.00 1,457,329.93 125,814,457.57 17.01%
A-2 07387BCH4 0.00 0.00 809,425.13 189,450,000.00 17.01%
A-3 07387BCJ0 0.00 0.00 777,800.94 176,000,000.00 17.01%
A-AB 07387BCK7 0.00 0.00 628,294.20 142,600,000.00 17.01%
A-4A 07387BCL5 0.00 0.00 4,220,259.50 954,956,000.00 23.21%
A-4B 07387BCM3 0.00 0.00 578,118.22 130,816,000.00 17.01%
A-J 07387BCN1 0.00 0.00 652,729.66 147,699,000.00 9.88%
B 07387BCP6 0.00 0.00 68,711.64 15,548,000.00 9.13%
C 07387BCQ4 0.00 0.00 91,612.58 20,730,000.00 8.13%
D 07387BCR2 0.00 0.00 68,707.22 15,547,000.00 7.38%
E 07387BCS0 0.00 0.00 125,963.98 28,503,000.00 6.00%
F 07387BBF9 0.00 0.00 80,162.11 18,139,000.00 5.13%
G 07387BBG7 0.00 0.00 80,162.11 18,139,000.00 4.25%
H 07387BBH5 0.00 0.00 103,063.04 23,321,000.00 3.13%
J 07387BBJ1 0.00 0.00 80,157.69 18,138,000.00 2.25%
K 07387BBK8 0.00 0.00 21,479.22 5,183,000.00 2.00%
L 07387BBL6 0.00 0.00 32,212.61 7,773,000.00 1.63%
M 07387BBM4 0.00 0.00 32,216.75 7,774,000.00 1.25%
N 07387BBN2 0.00 0.00 10,737.54 2,591,000.00 1.13%
O 07387BBP7 0.00 0.00 10,737.54 2,591,000.00 1.00%
P 07387BBQ5 0.00 0.00 21,479.22 5,183,000.00 0.75%
Q 07387BBR3 0.00 0.00 64,431.96 15,547,628.00 0.00%
LF 07387BBS1 0.00 0.00 84,280.73 20,000,000.00 0.00%
R-I N/A 0.00 0.00 0.00 0.00 0.00%
R-II N/A 0.00 0.00 0.00 0.00 0.00%
R-III N/A 0.00 0.00 0.00 0.00 0.00%
Totals 0.00 0.00 10,100,073.52 2,092,043,085.57
</TABLE>
<TABLE>
<CAPTION>
Class CUSIP Pass-Through Original Beginning Interest
Rate Notional Notional Distribution
Amount Amount
<s> <c> <c> <c> <c> <c>
X 07387BBE2 0.046839% 2,072,978,628.00 2,072,978,628.00 80,912.84
</TABLE>
<TABLE>
<CAPTION>
Class CUSIP Prepayment Total Ending
Penalties Distribution Notional
Amount
<s> <c> <c> <c> <c>
X 07387BBE2 0.00 80,912.84 2,072,043,085.57
<FN>
(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).
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificate Factor Detail
Class CUSIP Beginning Principal Interest Prepayment Realized Loss/ Ending
Balance Distribution Distribution Penalties Additional Balance
Trust Fund
Expenses
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 07387BCG6 1,000.00000000 7.38100536 4.11666667 0.00000000 0.00000000 992.61899464
A-2 07387BCH4 1,000.00000000 0.00000000 4.27250003 0.00000000 0.00000000 1,000.00000000
A-3 07387BCJ0 1,000.00000000 0.00000000 4.41932352 0.00000000 0.00000000 1,000.00000000
A-AB 07387BCK7 1,000.00000000 0.00000000 4.40599018 0.00000000 0.00000000 1,000.00000000
A-4A 07387BCL5 1,000.00000000 0.00000000 4.41932351 0.00000000 0.00000000 1,000.00000000
A-4B 07387BCM3 1,000.00000000 0.00000000 4.41932348 0.00000000 0.00000000 1,000.00000000
A-J 07387BCN1 1,000.00000000 0.00000000 4.41932349 0.00000000 0.00000000 1,000.00000000
B 07387BCP6 1,000.00000000 0.00000000 4.41932339 0.00000000 0.00000000 1,000.00000000
C 07387BCQ4 1,000.00000000 0.00000000 4.41932369 0.00000000 0.00000000 1,000.00000000
D 07387BCR2 1,000.00000000 0.00000000 4.41932334 0.00000000 0.00000000 1,000.00000000
E 07387BCS0 1,000.00000000 0.00000000 4.41932358 0.00000000 0.00000000 1,000.00000000
F 07387BBF9 1,000.00000000 0.00000000 4.41932356 0.00000000 0.00000000 1,000.00000000
G 07387BBG7 1,000.00000000 0.00000000 4.41932356 0.00000000 0.00000000 1,000.00000000
H 07387BBH5 1,000.00000000 0.00000000 4.41932336 0.00000000 0.00000000 1,000.00000000
J 07387BBJ1 1,000.00000000 0.00000000 4.41932352 0.00000000 0.00000000 1,000.00000000
K 07387BBK8 1,000.00000000 0.00000000 4.14416747 0.00000000 0.00000000 1,000.00000000
L 07387BBL6 1,000.00000000 0.00000000 4.14416699 0.00000000 0.00000000 1,000.00000000
M 07387BBM4 1,000.00000000 0.00000000 4.14416645 0.00000000 0.00000000 1,000.00000000
N 07387BBN2 1,000.00000000 0.00000000 4.14416827 0.00000000 0.00000000 1,000.00000000
O 07387BBP7 1,000.00000000 0.00000000 4.14416827 0.00000000 0.00000000 1,000.00000000
P 07387BBQ5 1,000.00000000 0.00000000 4.14416747 0.00000000 0.00000000 1,000.00000000
Q 07387BBR3 1,000.00000000 0.00000000 4.14416656 0.00000000 0.00000000 1,000.00000000
LF 07387BBS1 1,000.00000000 0.00000000 4.21403650 0.00000000 0.00000000 1,000.00000000
R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
</TABLE>
<TABLE>
<CAPTION>
Class CUSIP Beginning Interest Prepayment Ending
Notional Distribution Penalties Notional
Amount Amount
<s> <c> <c> <c> <c> <c>
X 07387BBE2 1,000.00000000 0.03903216 0.00000000 999.54869654
</TABLE>
<TABLE>
<CAPTION>
Reconciliation Detail
Advance Summary
<s> <c>
P & I Advances Outstanding 1,040,606.71
Master Servicing Advances Outstanding 0.05
Reimbursement for Interest on Advances 0.00
paid from general collections
</TABLE>
<TABLE>
<CAPTION>
Master Servicing Fee Summary
<s> <c>
Current Period Accrued Master Servicing Fees 76,879.03
Less Delinquent Master Servicing Fees 7,273.32
Less Reductions to Master Servicing Fees 0.00
Plus Master Servicing Fees for Delinquent Payments Received 0.00
Plus Adjustments for Prior Master Servicing Calculation 0.00
Total Master Servicing Fees Collected 69,605.71
</TABLE>
<TABLE>
<CAPTION>
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
<s> <c> <c> <c> <c> <c> <c>
A-1 521,787.50 0.00 0.00 0.00 521,787.50 0.00
A-2 809,425.13 0.00 0.00 0.00 809,425.13 0.00
A-3 777,800.94 0.00 0.00 0.00 777,800.94 0.00
X 80,912.84 0.00 0.00 0.00 80,912.84 0.00
A-AB 628,294.20 0.00 0.00 0.00 628,294.20 0.00
A-4A 4,220,259.50 0.00 0.00 0.00 4,220,259.50 0.00
A-4B 578,118.22 0.00 0.00 0.00 578,118.22 0.00
A-J 652,729.66 0.00 0.00 0.00 652,729.66 0.00
B 68,711.64 0.00 0.00 0.00 68,711.64 0.00
C 91,612.58 0.00 0.00 0.00 91,612.58 0.00
D 68,707.22 0.00 0.00 0.00 68,707.22 0.00
E 125,963.98 0.00 0.00 0.00 125,963.98 0.00
F 80,162.11 0.00 0.00 0.00 80,162.11 0.00
G 80,162.11 0.00 0.00 0.00 80,162.11 0.00
H 103,063.04 0.00 0.00 0.00 103,063.04 0.00
J 80,157.69 0.00 0.00 0.00 80,157.69 0.00
K 21,479.22 0.00 0.00 0.00 21,479.22 0.00
L 32,212.61 0.00 0.00 0.00 32,212.61 0.00
M 32,216.75 0.00 0.00 0.00 32,216.75 0.00
N 10,737.54 0.00 0.00 0.00 10,737.54 0.00
O 10,737.54 0.00 0.00 0.00 10,737.54 0.00
P 21,479.22 0.00 0.00 0.00 21,479.22 0.00
Q 64,431.96 0.00 0.00 0.00 64,431.96 0.00
LF 84,280.73 0.00 0.00 0.00 84,280.73 0.00
Total 9,245,443.93 0.00 0.00 0.00 9,245,443.93 0.00
</TABLE>
<TABLE>
<CAPTION>
Class Interest Remaining
Distribution Unpaid
Interest
<s> <c> <c>
A-1 521,787.50 0.00
A-2 809,425.13 0.00
A-3 777,800.94 0.00
X 80,912.84 0.00
A-AB 628,294.20 0.00
A-4A 4,220,259.50 0.00
A-4B 578,118.22 0.00
A-J 652,729.66 0.00
B 68,711.64 0.00
C 91,612.58 0.00
D 68,707.22 0.00
E 125,963.98 0.00
F 80,162.11 0.00
G 80,162.11 0.00
H 103,063.04 0.00
J 80,157.69 0.00
K 21,479.22 0.00
L 32,212.61 0.00
M 32,216.75 0.00
N 10,737.54 0.00
O 10,737.54 0.00
P 21,479.22 0.00
Q 64,431.96 0.00
LF 84,280.73 0.00
Total 9,245,443.93 0.00
</TABLE>
<TABLE>
<CAPTION>
Other Required Information
<s> <c>
Available Distribution Amount (1) 10,180,986.36
Principal Distribution Amount 935,542.43
(a) Principal portion of Scheduled Payments 935,542.43
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 222
Aggregate Unpaid Principal Balance of the Mortgage Loans 2,092,084,823.66
Aggregate Scheduled Principal Balance of the Mortgage Loans 2,092,043,085.81
Interest Reserve Account
Deposits 0.00
Withdrawals 0.00
Total Master Servicing and Special Servicing Fee Paid 69,605.71
Master Servicing Fee Paid 69,605.71
Special Servicing Fee Paid 0.00
Trustee Fee Paid 1,291.56
Paying Agent Fee Paid 1,004.54
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.
</TABLE>
Appraisal Reduction Amount
None
<TABLE>
Cash Reconciliation Detail
<s> <c>
Total Funds Collected
Interest:
Scheduled Interest 9,324,619.00
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 9,324,619.00
Principal:
Scheduled Principal 935,542.43
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 935,542.43
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 10,260,161.43
Total Funds Distributed
Fees:
Master Servicing Fee 76,879.03
Trustee Fee 1,291.56
Certificate Administration Fee 1,004.54
Insurer Fee 0.00
Miscellaneous Fee 0.00
Total Fees 79,175.13
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 0.00
Payments to Certificateholders & Others:
Interest Distribution 9,245,443.93
Principal Distribution 935,542.43
Prepayment Penalties/Yield Maintenance 0.00
Borrower Option Extension Fees 0.00
Equity Payments Paid 0.00
Net Swap Counterparty Payments Paid 0.00
Total Payments to Certificateholders & Others 10,180,986.36
Total Funds Distributed 10,260,161.49
</TABLE>
<TABLE>
<CAPTION>
Ratings Detail
Class CUSIP Original Ratings Current Ratings (1)
Fitch Moody's S & P Fitch Moody's S & P
<s> <c> <c> <c> <c> <c> <c> <c>
A-1 07387BCG6 AAA Aaa X AAA Aaa X
A-2 07387BCH4 AAA Aaa X AAA Aaa X
A-3 07387BCJ0 AAA Aaa X AAA Aaa X
X 07387BBE2 AAA Aaa X AAA Aaa X
A-AB 07387BCK7 AAA Aaa X AAA Aaa X
A-4A 07387BCL5 AAA Aaa X AAA Aaa X
A-4B 07387BCM3 AAA Aaa X AAA Aaa X
A-J 07387BCN1 AAA Aaa X AAA Aaa X
B 07387BCP6 AA+ Aa1 X AA+ Aa1 X
C 07387BCQ4 AA Aa2 X AA Aa2 X
D 07387BCR2 AA- Aa3 X AA- Aa3 X
E 07387BCS0 A A2 X A A2 X
F 07387BBF9 A- A3 X A- A3 X
G 07387BBG7 BBB+ Baa1 X BBB+ Baa1 X
H 07387BBH5 BBB Baa2 X BBB Baa2 X
J 07387BBJ1 BBB- Baa3 X BBB- Baa3 X
K 07387BBK8 BB+ Ba1 X BB+ Ba1 X
L 07387BBL6 BB Ba2 X BB Ba2 X
M 07387BBM4 BB- Ba3 X BB- Ba3 X
N 07387BBN2 B+ B1 X B+ B1 X
O 07387BBP7 B B2 X B B2 X
P 07387BBQ5 B- B3 X B- B3 X
Q 07387BBR3 NR NR X NR NR X
LF 07387BBS1 B NR X B NR X
<FN>
NR - Designates that the class was not rated by the above agency at the time of
original issuance.
X - Designates that the above rating agency did not rate any classes in this transaction at the time of
original issuance.
N/A - Data not available this period.
1) For any class not rated at the time of original issuance by any particular
rating agency, no request has been made subsequent to issuance to obtain rating
information, if any, from such rating agency. The current ratings were obtained
directly from the applicable rating agency within 30 days of the payment date
listed above. The ratings may have changed since they were obtained. Because the
ratings may have changed, you may want to obtain current ratings directly from the
rating agencies.
Fitch, Inc.
One State Street Plaza
New York, New York 10004
(212) 908-0500
Moody's Investors Service
99 Church Street
New York, New York 10007
(212) 553-0300
Standard & Poor's Rating Services
55 Water Street
New York, New York 10041
(212) 438-2430
</FN>
</TABLE>
<TABLE>
<CAPTION>
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.
<s> <c> <c> <c> <c> <c> <c>
Below 1,000,000 5 3,401,773.65 0.16 117 5.3558 1.542886
1,000,001 to 2,000,000 52 82,239,641.58 3.93 119 5.3966 1.822345
2,000,001 to 3,000,000 38 95,281,914.39 4.55 122 5.4058 1.674055
3,000,001 to 4,000,000 25 87,203,158.99 4.17 116 5.3179 1.716729
4,000,001 to 5,000,000 17 77,222,617.41 3.69 121 5.2255 1.926849
5,000,001 to 6,000,000 9 48,844,172.74 2.33 123 5.5116 1.922630
6,000,001 to 7,000,000 11 71,975,662.08 3.44 124 5.3020 2.611582
7,000,001 to 8,000,000 8 61,525,209.20 2.94 114 5.1929 1.776508
8,000,001 to 9,000,000 4 35,340,937.19 1.69 117 5.1152 5.756352
9,000,001 to 10,000,000 5 48,919,823.38 2.34 117 5.1219 2.219407
10,000,001 to 15,000,000 14 168,539,143.66 8.06 109 5.1996 1.731010
15,000,001 to 20,000,000 11 200,674,423.87 9.59 132 5.3613 1.659890
20,000,001 to 25,000,000 6 135,101,698.37 6.46 113 5.1409 1.651931
25,000,001 to 50,000,000 11 413,222,909.30 19.75 113 5.1034 2.290768
50,000,001 and greater 6 562,550,000.00 26.89 99 5.1056 1.948020
Totals 222 2,092,043,085.81 100.00 113 5.1977 2.010852
</TABLE>
<TABLE>
<CAPTION>
State (3)
State # of Scheduled % of WAM WAC Weighted
Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Alabama 2 9,372,077.69 0.45 118 5.2271 1.670412
Alaska 1 1,781,278.46 0.09 177 5.6100 1.230000
Arizona 17 121,360,161.19 5.80 88 5.2258 1.581657
California 58 334,356,392.66 15.98 116 5.1791 1.904679
Colorado 2 12,150,000.00 0.58 67 5.4393 1.766420
Connecticut 5 69,513,569.04 3.32 112 4.9607 1.887112
Florida 22 97,036,404.33 4.64 121 5.3856 1.627347
Georgia 11 36,681,760.50 1.75 130 5.2921 2.178632
Idaho 1 6,774,796.34 0.32 116 5.7700 1.510000
Illinois 10 28,773,416.45 1.38 112 5.1655 1.592024
Indiana 3 4,800,449.29 0.23 101 5.5812 1.475924
Iowa 1 3,563,789.79 0.17 117 5.2900 1.280000
Kansas 2 5,957,954.37 0.28 119 5.2960 1.274396
Louisiana 5 6,981,316.40 0.33 88 5.7110 1.645846
Maine 3 6,245,427.36 0.30 235 6.2600 1.360000
Maryland 6 157,414,332.14 7.52 62 4.9270 2.340689
Massachusetts 5 164,642,104.02 7.87 102 5.2869 2.037689
Michigan 4 16,620,000.00 0.79 117 5.1206 1.777942
Minnesota 3 62,148,419.85 2.97 117 5.5245 1.489556
Missouri 2 17,953,051.55 0.86 118 5.3432 1.571758
Nebraska 2 21,638,851.78 1.03 119 5.5967 1.343548
Nevada 4 28,999,317.70 1.39 138 5.4140 1.571288
New Jersey 10 56,592,598.90 2.71 132 5.2550 1.721023
New Mexico 2 8,104,506.61 0.39 117 5.2900 1.274403
New York 13 175,460,503.17 8.39 132 5.1443 3.570035
North Carolina 6 23,804,432.35 1.14 101 4.8958 2.626475
Ohio 3 13,673,548.51 0.65 144 5.2421 2.517194
Oklahoma 1 3,837,927.47 0.18 117 5.2900 1.270000
Oregon 5 28,242,598.25 1.35 118 5.1416 2.048804
Pennsylvania 11 65,297,444.25 3.12 114 5.2470 1.969933
Rhode Island 1 5,501,924.11 0.26 235 6.2600 1.360000
South Carolina 1 3,607,799.44 0.17 117 5.1885 1.890000
Tennessee 6 13,355,240.80 0.64 127 5.3476 1.762877
Texas 36 117,082,841.37 5.60 129 5.2409 1.723243
Utah 2 3,797,042.03 0.18 116 5.5025 1.700466
Virginia 8 68,485,988.63 3.27 102 5.1564 1.954463
Washington 7 80,153,227.78 3.83 118 5.2531 1.816059
Wisconsin 4 205,672,087.63 9.83 118 5.0176 1.905046
Wyoming 1 4,608,503.58 0.22 117 5.2900 1.250000
Totals 286 2,092,043,085.81 100.00 113 5.1977 2.010852
</TABLE>
<TABLE>
<CAPTION>
Debt Service Coverage Ratio (1)
Debt Service # of Scheduled % of WAM WAC Weighted
Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
1.20 or less 2 6,176,572.59 0.30 144 5.4618 1.171769
1.21 to 1.30 31 145,664,761.35 6.96 145 5.5088 1.256482
1.31 to 1.40 18 114,257,660.79 5.46 130 5.5269 1.361142
1.41 to 1.50 31 188,368,418.06 9.00 119 5.4790 1.469353
1.51 to 1.60 21 242,082,276.42 11.57 101 5.2038 1.566415
1.61 to 1.70 16 97,814,663.29 4.68 114 5.1326 1.649678
1.71 to 1.80 12 140,770,259.52 6.73 117 5.1322 1.764650
1.81 or greater 91 1,156,908,473.79 55.30 107 5.0910 2.416138
Totals 222 2,092,043,085.81 100.00 113 5.1977 2.010852
</TABLE>
<TABLE>
<CAPTION>
Property Type (3)
Property # of Scheduled % of WAM WAC Weighted
Type Props Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Industrial 30 156,368,541.19 7.47 138 5.3014 1.671813
Lodging 16 209,969,072.73 10.04 116 5.2742 2.017220
Mixed Use 3 72,492,104.02 3.47 117 4.9991 2.086441
Mobile Home Park 5 18,266,189.93 0.87 115 5.0867 1.558945
Multi-Family 38 163,221,763.46 7.80 112 5.1792 3.037017
Office 35 546,533,684.04 26.12 108 5.2511 1.939925
Other 11 69,520,419.35 3.32 139 5.2819 2.502356
Retail 135 806,819,679.72 38.57 107 5.1345 1.884296
Self Storage 13 48,851,631.37 2.34 118 5.2601 1.881107
Totals 286 2,092,043,085.81 100.00 113 5.1977 2.010852
</TABLE>
<TABLE>
<CAPTION>
Note Rate
Note Rate # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
4.501% to 5.000% 31 702,135,446.02 33.56 105 4.9349 2.511427
5.001% to 5.500% 139 1,108,219,199.03 52.97 113 5.2324 1.840090
5.501% to 6.000% 45 236,751,675.01 11.32 123 5.6293 1.423875
6.001% or greater 7 44,936,765.75 2.15 176 6.1735 1.493156
Totals 222 2,092,043,085.81 100.00 113 5.1977 2.010852
</TABLE>
<TABLE>
<CAPTION>
Seasoning
Seasoning # of Scheduled % of WAM WAC Weighted
Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
12 months or less 218 2,032,236,658.29 97.14 111 5.1894 1.998868
13 to 24 months 3 13,006,427.52 0.62 107 5.8954 1.835408
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 222 2,092,043,085.81 100.00 113 5.1977 2.010852
</TABLE>
<TABLE>
<CAPTION>
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.
<s> <c> <c> <c> <c> <c> <c>
60 months or less 11 218,600,128.81 10.45 57 5.0397 2.196818
61 to 120 months 191 1,703,476,123.95 81.43 113 5.1848 2.005863
121 to 180 months 6 38,381,943.46 1.83 142 5.4366 1.430390
181 months and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 208 1,960,458,196.22 93.71 107 5.1736 2.015889
</TABLE>
<TABLE>
<CAPTION>
Remaining Stated Term (Fully Amortizing Loans)
Remaining Stated # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
60 months or less 0 0.00 0.00 0 0.0000 0.000000
61 to 120 months 1 1,556,138.08 0.07 87 4.9700 2.150000
121 to 180 months 4 11,295,259.00 0.54 177 5.3103 1.294580
181 months and greater 9 118,733,492.51 5.68 191 5.5883 1.993999
Totals 14 131,584,889.59 6.29 189 5.5571 1.935805
</TABLE>
<TABLE>
<CAPTION>
Remaining Amortization Term (ARD and Balloon Loans)
Remaining Amortization # of Scheduled % of WAM WAC Weighted
Term Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Interest Only 35 714,436,000.00 34.15 93 5.0588 2.452749
180 months or less 1 3,487,474.85 0.17 119 5.0700 1.150000
181 to 240 months 6 10,102,394.63 0.48 127 5.8842 1.415711
241 to 300 months 43 266,112,852.11 12.72 117 5.3206 1.998959
301 months and greater 123 966,319,474.63 46.19 116 5.2108 1.706964
Totals 208 1,960,458,196.22 93.71 107 5.1736 2.015889
</TABLE>
<TABLE>
<CAPTION>
Age of Most Recent NOI
Age of Most # of Scheduled % of WAM WAC Weighted
Recent NOI Loans Balance Agg. (2) Avg DSCR (1)
Bal.
<s> <c> <c> <c> <c> <c> <c>
Underwriter's Information 222 2,092,043,085.81 100.00 113 5.1977 2.010852
1 year or less 0 0.00 0.00 0 0.0000 0.000000
1 to 2 years 0 0.00 0.00 0 0.0000 0.000000
2 years and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 222 2,092,043,085.81 100.00 113 5.1977 2.010852
<FN>
(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.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Mortgage Loan Detail
Loan Property Interest Principal Gross
Number ODCR Type (1) City State Payment Payment Coupon
<s> <c> <c> <c> <c> <c> <c> <c>
600874840 2 RT Madison WI 470,833.33 0.00 5.000%
510903198 3 LO Boston MA 477,400.00 0.00 5.280%
600874808 4 OF Phoenix AZ 377,104.67 0.00 5.140%
600874841 5 RT Madison WI 333,333.33 0.00 5.000%
850202148 6 OF St. Paul MN 277,520.96 0.00 5.528%
510902854 7 OT Various Various 205,840.00 0.00 4.980%
700202150 8 OF New York NY 216,189.35 0.00 5.365%
700202254 9 OF New York NY 191,812.50 0.00 4.950%
850500220 10 OF Canton MA 197,987.92 0.00 5.339%
510903065 11 IN Sacramento CA 179,386.67 45,052.76 4.960%
600874801 12 MU Wilton CT 151,590.00 0.00 4.890%
850202132 13 LO Various Various 155,886.59 52,582.13 5.189%
850500180 14 OF Richmond VA 133,027.79 0.00 5.105%
850201916 15 LO West Conshohocken PA 137,267.66 0.00 5.339%
700202202 16 MU Seattle WA 123,935.42 0.00 5.050%
850500212 17 OF New York NY 112,408.58 0.00 4.926%
310902837 18 MF Austin TX 113,020.83 0.00 5.250%
600874809 19 RT Saddle Brook Township NJ 101,868.36 24,859.83 5.040%
310903084 20 RT Manhattan Beach CA 98,373.33 0.00 5.100%
850500205 21 OF Burbank CA 100,860.22 0.00 5.324%
700400571 22 RT Tracy CA 89,690.75 0.00 4.890%
600874810 23 OF Seattle WA 94,466.95 21,235.83 5.230%
310903078 24 RT Newtown CT 83,786.11 0.00 4.865%
850202224 25 OF Lincoln NE 95,332.06 18,089.39 5.609%
700202140 26 OF New York NY 89,829.20 0.00 5.391%
310903043 27 RT Temple TX 78,926.19 21,105.05 4.830%
510902463 28 RT Various Various 91,257.97 26,123.77 5.615%
310902845 29 RT Las Vegas NV 80,602.37 17,229.02 5.360%
310903141 30 Various Various Various 93,569.64 34,444.82 6.260%
310903064 31 MH Various Various 73,287.10 0.00 5.030%
610902069 32 RT Kennewick WA 80,770.50 14,180.36 5.790%
600874811 33 IN Houston TX 73,164.99 36,896.98 5.500%
700400667 34 LO St. Louis MO 68,380.54 14,915.16 5.300%
700400650 35 RT Tigard OR 63,304.58 0.00 5.070%
850500189 36 RT Woodbridge VA 60,312.22 0.00 5.150%
310903093 37 RT Costa Mesa CA 57,315.56 13,427.76 5.120%
700400572 38 RT Buena Park CA 55,363.84 14,081.73 4.957%
600874812 39 MF Willow Grove PA 55,926.60 13,413.75 5.080%
600874802 40 OF Naples FL 56,203.00 0.00 5.180%
600874806 41 RT Mesa AZ 50,496.75 11,750.24 5.150%
600874813 42 IN Miami FL 52,700.00 7,515.08 5.440%
600874814 43 OF Highlands Ranch CO 49,548.33 0.00 5.480%
310902999 44 MF Carmichael CA 47,554.00 0.00 5.310%
850500179 45 RT Various Various 46,564.58 0.00 5.250%
310902906 46 IN Herndon VA 45,588.30 10,474.16 5.165%
700400664 47 LO Madison WI 45,747.39 0.00 5.260%
310902924 48 SS Bethesda MD 44,553.72 10,233.89 5.180%
850500194 49 RT Woodland Hills CA 40,848.12 11,346.76 4.755%
700400429 50 OF Boca Raton FL 47,681.07 14,146.49 5.570%
700400484 51 MF Chapel Hill NC 41,136.74 0.00 4.930%
850500213 52 RT Meridian MI 41,702.44 0.00 5.174%
600874815 53 IN Hayward CA 41,540.00 0.00 5.360%
700400408 54 MF New York NY 37,936.25 0.00 4.950%
850500217 55 RT Portland OR 38,540.58 0.00 5.086%
850500227 56 OF Kew Gardens NY 37,689.97 9,062.81 5.060%
310902812 57 RT Hazelton PA 34,840.42 12,453.88 5.050%
850500221 58 MU Newburyport MA 36,573.11 7,895.98 5.309%
310903057 59 MF San Luis Obispo CA 33,893.33 0.00 4.920%
700400641 60 LO Daytona Beach FL 35,488.39 12,027.60 5.160%
850500219 61 OF Lynnwood WA 32,558.61 0.00 4.975%
310902364 62 RT Sanford FL 36,153.94 7,103.53 5.570%
700400597 63 LO Anaheim CA 33,846.43 10,372.35 5.430%
700400690 64 OF San Diego CA 31,992.00 0.00 5.160%
600874816 65 RT North Brunswick NJ 34,717.27 14,239.99 5.880%
600874817 66 IN Duluth GA 32,432.73 6,390.51 5.550%
610901804 67 MF Twin Falls ID 33,691.53 6,077.86 5.770%
310902827 68 MF Fresno CA 30,175.49 0.00 5.350%
700400541 69 MF New York NY 27,202.50 0.00 4.860%
700400503 70 OF Plantation FL 28,265.97 0.00 5.050%
310902946 71 SS Richmond CA 28,992.75 6,504.63 5.220%
850202247 72 RT Wallingford CT 28,933.33 0.00 5.250%
600874818 73 MF Midlothian IL 28,933.33 8,058.17 5.250%
310903073 74 OF Fremont CA 27,500.44 6,817.04 4.990%
700400495 75 MF Glendale AZ 27,996.44 0.00 5.080%
310903030 76 RT Mobile AL 26,582.50 0.00 5.250%
310903044 77 OF Santa Ana CA 24,173.11 0.00 4.840%
600874819 78 IN Houston TX 25,044.26 21,489.21 5.220%
937241403 79 RT Various AZ 28,190.02 0.00 6.040%
600874820 80 OT New York NY 25,621.97 0.00 5.630%
700400476 81 RT Woodbridge NJ 11,671.93 2,630.15 5.250%
700400475 82 RT Iselin NJ 6,264.08 1,411.55 5.250%
700400477 83 RT Port Reading NJ 5,948.63 1,340.46 5.250%
310902907 84 SS Herndon VA 24,096.04 0.00 5.330%
700400560 85 RT Milltown NJ 26,996.77 4,313.71 6.040%
510902855 86 RT Dallas TX 23,700.64 5,081.39 5.340%
937241410 87 RT Various Various 26,723.31 0.00 6.040%
850500190 88 OF Hackensack NJ 21,420.14 0.00 4.975%
700400634 89 RT Santa Ana CA 22,302.78 0.00 5.180%
410902885 90 OF Reno NV 21,534.66 7,723.98 5.010%
310902810 91 OF Las Vegas NV 26,155.73 9,954.87 6.100%
600874803 92 RT Various FL 22,026.00 7,490.93 5.200%
850500214 93 OF Los Angeles CA 19,195.98 0.00 4.743%
410902740 94 RT Cheyenne WY 21,014.10 4,628.93 5.290%
410902739 95 RT Albuquerque NM 20,682.27 4,555.84 5.290%
600874821 96 OF Boca Raton FL 21,700.00 6,203.32 5.600%
700400483 97 MF Charlotte NC 17,420.48 0.00 4.540%
310901649 98 RT Scottsdale AZ 24,545.96 8,846.07 6.440%
850500207 99 RT Cary NC 18,294.40 6,882.47 4.900%
850500193 100 RT Hanover MA 18,280.31 0.00 4.995%
410902896 101 RT Phoenix AZ 18,292.96 4,464.19 5.040%
600874822 102 IN Hartford CT 18,514.97 0.00 5.150%
410902927 103 SS Escondido CA 18,372.94 4,165.94 5.210%
310902733 104 SS Petaluma CA 18,055.20 4,256.16 5.120%
410901769 105 MF Longview TX 18,744.24 5,415.24 5.590%
410902800 106 IN Castroville & Salinas CA 17,794.85 3,886.26 5.310%
410902742 107 RT Lawton OK 17,500.39 3,854.94 5.290%
850500216 108 MF Rosamond CA 16,321.84 0.00 4.988%
620902887 109 OF Anaheim CA 17,648.69 3,713.20 5.410%
850500186 110 IN South Hackensack NJ 17,156.08 5,653.46 5.267%
410902914 111 OF Mill Creek WA 16,322.61 3,902.27 5.100%
850202061 112 IN Benicia CA 17,061.04 3,424.56 5.520%
700400543 113 SS Neptune NJ 15,854.13 0.00 5.150%
410902743 114 RT Ruidoso NM 16,273.09 3,584.59 5.290%
410902741 115 RT Des Moines IA 16,250.36 3,579.59 5.290%
410903076 116 OF Overland Park KS 15,280.42 12,525.15 5.070%
600874823 117 MF Tinton Falls NJ 14,469.00 6,273.49 4.810%
700400591 118 MF Memphis TN 16,934.53 3,224.54 5.630%
410902734 119 OF Los Angeles CA 17,280.89 3,144.16 5.750%
620902872 120 OF Los Altos CA 15,889.38 3,408.13 5.365%
850500210 121 RT Miami FL 14,767.71 0.00 5.044%
410902596 122 RT San Bernardino CA 16,641.46 3,070.61 5.690%
410903053 123 IN Corona CA 14,591.77 3,280.18 5.230%
620902834 124 RT Lake Forest CA 15,051.79 0.00 5.420%
410902811 125 RT Shreveport LA 15,385.99 2,984.54 5.600%
850500168 126 RT Oak Lawn IL 13,606.23 5,180.52 5.234%
700400550 127 RT Lomita CA 13,373.92 0.00 5.010%
600874824 128 IN Valley City OH 15,635.20 6,342.30 5.870%
410902895 129 MF Mesa AZ 13,450.43 3,285.90 5.050%
410902961 130 MF Redding CA 13,404.11 3,069.22 5.200%
700400440 131 RT Florissant MO 14,305.18 2,841.60 5.560%
410902870 132 RT Vernon CT 14,133.11 2,765.04 5.580%
850500188 133 RT Swampscott MA 12,743.33 0.00 5.103%
410902808 134 SS LaGrangeville NY 13,572.49 4,038.23 5.510%
410902650 135 RT Various TX 14,015.34 3,791.07 5.770%
410902832 136 RT Owatonna MN 13,044.99 2,625.99 5.500%
600874825 137 IN Sacramento CA 12,485.25 3,886.15 5.370%
600874826 138 RT Bonita CA 12,889.76 2,525.35 5.550%
410902859 139 SS Bristol PA 12,482.31 2,645.33 5.380%
410902926 140 SS Oceanside CA 12,203.23 2,723.00 5.260%
600874804 141 RT East McKeesport PA 11,873.01 2,816.51 5.118%
600874827 142 OT Various GA 13,842.22 3,504.44 5.970%
700400579 143 RT Jacksonville FL 12,605.42 2,490.91 5.530%
410902949 144 RT Burlington WI 11,949.76 2,521.64 5.390%
410902825 145 OF Alameda CA 12,011.21 0.00 5.470%
410902866 146 MF Los Angeles CA 11,652.80 2,490.82 5.360%
850500204 147 RT Chesapeake VA 11,302.08 0.00 5.250%
410902935 148 OF Columbia MD 11,375.23 2,491.87 5.290%
410902861 149 IN Corona CA 11,557.69 2,449.39 5.380%
600874828 150 RT Cupertino CA 12,614.72 3,630.63 6.090%
850500083 151 RT New Port Richey FL 11,132.93 3,880.73 5.272%
410902648 152 RT Various TX 11,906.84 3,220.73 5.770%
850500178 153 RT Virginia Beach VA 10,576.84 2,383.38 5.250%
850500191 154 RT Wilmington NC 9,795.33 0.00 5.034%
600874829 155 IN Richmond VA 10,039.29 8,614.21 5.220%
600874807 156 RT Park City UT 10,695.00 0.00 5.400%
410902945 157 SS Roseville CA 10,524.63 2,275.96 5.320%
410902919 158 RT Severna Park MD 10,366.18 2,320.26 5.240%
600874830 159 IN Anaheim CA 10,598.89 3,333.47 5.360%
700400460 160 MF Bridgeville PA 9,745.63 0.00 5.030%
600874831 161 OT Bolingbrook IL 10,005.21 2,308.12 5.170%
600874805 162 RT Hiram GA 10,248.94 2,118.47 5.410%
600874832 163 RT McDonough GA 9,877.01 5,132.53 5.400%
410902960 164 MF Redding CA 9,382.88 2,148.45 5.200%
410902646 165 RT Various TX 10,170.43 2,751.04 5.770%
700400434 166 OF New York NY 9,792.27 2,894.65 5.580%
600874833 167 IN Corona CA 9,678.89 1,827.93 5.620%
410902968 168 RT Indianapolis IN 8,940.96 2,985.07 5.200%
600874834 169 MF College Station TX 9,172.12 4,416.74 5.350%
410902860 170 MF Edinburg TX 9,086.33 2,957.69 5.300%
410902871 171 MF Omaha NE 9,049.37 1,855.68 5.470%
410902956 172 MF San Francisco CA 8,514.29 1,930.56 5.210%
600874835 173 MF Harrisburg PA 8,673.82 2,779.24 5.310%
410902819 174 MF Waco TX 9,096.02 1,727.15 5.650%
410902841 175 RT Philadelphia PA 8,770.99 1,665.43 5.650%
410902857 176 IN Vernon CA 8,292.50 0.00 5.350%
410902973 177 MF Walnut Creek CA 7,812.00 0.00 5.040%
410902944 178 SS Sacramento CA 8,221.16 1,785.50 5.310%
410903024 179 IN Fairfield CA 8,155.33 2,652.38 5.270%
410902940 180 MF Anchorage AK 8,634.90 6,177.88 5.610%
410902649 181 RT Various TX 8,810.36 2,439.83 5.740%
850500202 182 RT Medford OR 8,155.93 0.00 5.336%
410902930 183 IN Roseville CA 7,959.95 1,694.18 5.370%
410902948 184 IN Salem OR 8,281.57 3,576.34 5.670%
410902684 185 RT Van Nuys CA 7,925.04 2,443.50 5.430%
410902877 186 IN Burbank CA 7,521.50 2,526.18 5.200%
620902951 187 RT Broomfield CO 7,359.92 0.00 5.180%
850500187 188 RT Hartwell GA 7,595.70 2,586.07 5.550%
410902729 189 IN Los Angeles CA 7,373.94 2,434.38 5.230%
850500203 190 RT Poulsbo WA 7,351.82 0.00 5.336%
850500195 191 RT Sequim WA 7,351.82 0.00 5.336%
700400451 192 RT Henderson NV 7,068.00 0.00 5.130%
410902934 193 IN Columbia MD 7,101.04 1,645.24 5.160%
410902647 194 RT Various TX 8,006.77 2,126.72 5.820%
410902928 195 SS Vallejo CA 7,231.54 1,613.63 5.260%
410902958 196 RT San Francisco CA 6,722.37 14,610.47 4.970%
850500199 197 RT Turlock CA 7,122.08 0.00 5.336%
410902839 198 OF Shreveport LA 7,471.00 1,320.75 5.790%
700400611 199 SS West Jordan UT 7,303.07 1,364.95 5.660%
410902974 200 RT San Ramon CA 6,747.64 1,516.84 5.230%
850500208 201 MF New York NY 6,296.88 1,646.71 4.881%
850500209 202 MF New York NY 6,296.88 1,646.71 4.881%
410902829 203 IN Santa Clarita CA 6,952.45 5,256.10 5.440%
850500201 204 RT Seaside OR 6,777.46 0.00 5.336%
410902706 205 RT Muncie IN 7,429.97 1,929.27 5.900%
700400687 206 MF Wilkinsburg PA 6,312.38 1,293.59 5.430%
410902972 207 MH Fort Wayne IN 6,732.47 1,801.30 5.800%
410902975 208 IN Martinez CA 5,847.95 1,314.60 5.230%
600874836 209 IN Phoenix AZ 6,182.77 1,111.89 5.750%
410902863 210 MF Waco TX 5,971.05 1,109.83 5.700%
410903107 211 RT Chattanooga TN 5,501.44 1,184.59 5.330%
700400432 212 MF Pittsburgh PA 5,587.64 1,173.22 5.430%
700400539 213 RT Gonzales LA 5,702.92 1,099.92 5.600%
410902852 214 OF Sylvania OH 5,645.96 1,560.99 5.710%
850500163 215 RT Cookeville TN 5,272.24 0.00 5.566%
410902894 216 MF Bloomington MN 5,106.91 1,582.52 5.400%
700400433 217 MF Turtle Creek PA 3,725.09 782.15 5.430%
600874837 218 RT Chicago IL 3,575.38 1,699.00 5.370%
600874838 219 RT Chicago IL 3,183.24 1,512.66 5.370%
700400413 220 RT Chappaqua NY 2,691.83 0.00 5.210%
600874839 221 RT Chicago IL 2,537.36 1,205.75 5.370%
700202249 1A RT Gaithersburg MD 510,242.56 0.00 4.895%
700202249 1B RT Gaithersburg MD 84,302.78 0.00 4.895%
Totals 9,324,619.00 935,542.43
</TABLE>
<TABLE>
<CAPTION>
Loan Anticipated Maturity Neg. Beginning Ending Paid Thru
Number Repayment Date Amort Scheduled Scheduled Date
Date (Y/N) Balance Balance
<s> <c> <c> <c> <c> <c> <c>
600874840 N/A 11/01/2015 N 113,000,000.00 113,000,000.00 11/01/2005
510903198 09/01/2015 09/01/2035 N 105,000,000.00 105,000,000.00 11/01/2005
600874808 N/A 04/01/2012 N 85,200,000.00 85,200,000.00 11/01/2005
600874841 N/A 11/01/2015 N 80,000,000.00 80,000,000.00 11/01/2005
850202148 N/A 08/01/2015 N 58,300,000.00 58,300,000.00 11/01/2005
510902854 N/A 08/01/2015 N 48,000,000.00 48,000,000.00 11/01/2005
700202150 08/08/2020 08/08/2025 N 46,800,000.00 46,800,000.00 11/08/2005
700202254 N/A 04/01/2015 N 45,000,000.00 45,000,000.00 10/01/2005
850500220 10/01/2010 10/01/2035 N 44,500,000.00 44,500,000.00 11/01/2005
510903065 N/A 12/01/2014 N 42,000,000.00 41,954,947.24 11/01/2005
600874801 N/A 08/01/2015 N 36,000,000.00 36,000,000.00 11/01/2005
850202132 N/A 08/01/2015 N 34,890,544.19 34,837,962.06 11/01/2005
850500180 07/01/2012 07/01/2035 N 31,270,000.00 31,270,000.00 11/01/2005
850201916 N/A 05/01/2015 N 29,860,000.00 29,860,000.00 11/01/2005
700202202 N/A 08/07/2015 N 28,500,000.00 28,500,000.00 11/07/2005
850500212 N/A 09/01/2015 N 26,500,000.00 26,500,000.00 11/01/2005
310902837 N/A 08/01/2012 N 25,000,000.00 25,000,000.00 11/01/2005
600874809 N/A 09/01/2015 N 23,471,971.81 23,447,111.98 11/01/2005
310903084 N/A 10/01/2015 N 22,400,000.00 22,400,000.00 11/01/2005
850500205 N/A 08/01/2015 N 22,000,000.00 22,000,000.00 11/01/2005
700400571 N/A 08/08/2015 N 21,300,000.00 21,300,000.00 11/08/2005
600874810 N/A 09/03/2016 N 20,975,822.22 20,954,586.39 11/03/2005
310903078 N/A 09/01/2015 N 20,000,000.00 20,000,000.00 11/01/2005
850202224 N/A 10/01/2015 N 19,737,600.00 19,719,510.61 11/01/2005
700202140 08/08/2015 08/08/2025 N 19,350,000.00 19,350,000.00 11/08/2005
310903043 N/A 09/01/2015 N 18,976,443.76 18,955,338.71 11/01/2005
510902463 09/01/2015 09/01/2030 N 18,873,907.80 18,847,784.03 11/01/2005
310902845 N/A 08/01/2015 N 17,463,199.91 17,445,970.89 11/01/2005
310903141 N/A 06/01/2025 N 17,358,070.43 17,323,625.61 11/01/2005
310903064 N/A 10/01/2015 N 16,920,000.00 16,920,000.00 11/01/2005
610902069 N/A 10/01/2015 N 16,200,000.00 16,185,819.64 11/01/2005
600874811 N/A 09/01/2025 N 15,963,271.36 15,926,374.38 11/01/2005
700400667 N/A 09/01/2015 N 14,982,954.30 14,968,039.14 11/01/2005
700400650 N/A 09/01/2015 N 14,500,000.00 14,500,000.00 11/01/2005
850500189 N/A 07/01/2015 N 13,600,000.00 13,600,000.00 11/01/2005
310903093 N/A 10/01/2015 N 13,000,000.00 12,986,572.24 11/01/2005
700400572 N/A 08/01/2015 N 12,970,242.91 12,956,161.18 11/01/2005
600874812 N/A 09/01/2015 N 12,784,846.32 12,771,432.57 11/01/2005
600874802 N/A 08/01/2015 N 12,600,000.00 12,600,000.00 11/01/2005
600874806 N/A 09/01/2015 N 11,386,678.01 11,374,927.77 11/01/2005
600874813 N/A 10/01/2014 N 11,250,000.00 11,242,484.92 11/01/2005
600874814 10/01/2010 10/01/2025 N 10,500,000.00 10,500,000.00 11/01/2005
310902999 N/A 10/01/2015 N 10,400,000.00 10,400,000.00 11/01/2005
850500179 07/01/2012 07/01/2035 N 10,300,000.00 10,300,000.00 11/01/2005
310902906 N/A 10/01/2015 N 10,250,000.00 10,239,525.84 11/01/2005
700400664 N/A 09/01/2012 N 10,100,000.00 10,100,000.00 11/01/2005
310902924 N/A 09/01/2015 N 9,988,379.06 9,978,145.17 11/01/2005
850500194 N/A 08/01/2015 N 9,976,136.50 9,964,789.74 11/01/2005
700400429 N/A 06/01/2015 N 9,941,034.96 9,926,888.47 11/01/2005
700400484 N/A 07/01/2015 N 9,690,000.00 9,690,000.00 11/01/2005
850500213 N/A 09/01/2015 N 9,360,000.00 9,360,000.00 11/01/2005
600874815 N/A 08/01/2015 N 9,000,000.00 9,000,000.00 11/01/2005
700400408 N/A 05/01/2015 N 8,900,000.00 8,900,000.00 11/01/2005
850500217 N/A 10/01/2015 N 8,800,000.00 8,800,000.00 11/01/2005
850500227 N/A 10/01/2015 N 8,650,000.00 8,640,937.19 11/01/2005
310902812 N/A 07/01/2015 N 8,011,849.74 7,999,395.86 11/01/2005
850500221 N/A 10/01/2015 N 8,000,000.00 7,992,104.02 10/01/2005
310903057 N/A 10/01/2015 N 8,000,000.00 8,000,000.00 10/01/2005
700400641 N/A 09/01/2015 N 7,986,884.01 7,974,856.41 11/01/2005
850500219 N/A 10/01/2015 N 7,600,000.00 7,600,000.00 11/01/2005
310902364 07/01/2015 07/01/2035 N 7,537,741.32 7,530,637.79 11/01/2005
700400597 N/A 09/01/2015 N 7,238,587.47 7,228,215.12 11/01/2005
700400690 N/A 10/01/2012 N 7,200,000.00 7,200,000.00 10/01/2005
600874816 N/A 07/01/2025 N 6,856,603.48 6,842,363.49 11/01/2005
600874817 N/A 05/02/2016 N 6,786,272.60 6,779,882.09 11/02/2005
610901804 N/A 07/01/2015 N 6,780,874.20 6,774,796.34 11/01/2005
310902827 N/A 08/01/2015 N 6,550,000.00 6,550,000.00 11/01/2005
700400541 N/A 07/01/2015 N 6,500,000.00 6,500,000.00 11/01/2005
700400503 N/A 07/01/2015 N 6,500,000.00 6,500,000.00 11/01/2005
310902946 N/A 10/01/2015 N 6,450,000.00 6,443,495.37 11/01/2005
850202247 N/A 07/01/2010 N 6,400,000.00 6,400,000.00 11/01/2005
600874818 N/A 10/03/2015 N 6,400,000.00 6,391,941.83 11/03/2005
310903073 N/A 10/01/2015 N 6,400,000.00 6,393,182.96 10/01/2005
700400495 N/A 07/01/2015 N 6,400,000.00 6,400,000.00 11/01/2005
310903030 N/A 10/01/2015 N 5,880,000.00 5,880,000.00 10/01/2005
310903044 N/A 10/01/2015 N 5,800,000.00 5,800,000.00 11/01/2005
600874819 N/A 08/01/2020 N 5,757,300.39 5,735,811.18 11/01/2005
937241403 N/A 10/01/2014 N 5,420,000.00 5,420,000.00 11/01/2005
600874820 09/01/2015 09/01/2035 N 5,285,000.00 5,285,000.00 11/01/2005
700400476 N/A 07/01/2015 N 2,581,808.46 2,579,178.31 11/01/2005
700400475 N/A 07/01/2015 N 1,385,603.78 1,384,192.23 11/01/2005
700400477 N/A 07/01/2015 N 1,315,825.17 1,314,484.71 11/01/2005
310902907 N/A 10/01/2015 N 5,250,000.00 5,250,000.00 11/01/2005
700400560 N/A 08/01/2015 N 5,190,576.69 5,186,262.98 11/01/2005
510902855 N/A 09/01/2015 N 5,154,179.97 5,149,098.58 11/01/2005
937241410 N/A 10/01/2014 N 5,138,000.00 5,138,000.00 11/01/2005
850500190 N/A 08/01/2015 N 5,000,000.00 5,000,000.00 11/01/2005
700400634 N/A 09/01/2015 N 5,000,000.00 5,000,000.00 10/01/2005
410902885 N/A 09/01/2015 N 4,991,616.36 4,983,892.38 11/01/2005
310902810 N/A 08/01/2025 N 4,979,409.30 4,969,454.43 11/01/2005
600874803 06/01/2015 06/01/2030 N 4,918,957.83 4,911,466.90 10/01/2005
850500214 N/A 09/01/2015 N 4,700,000.00 4,700,000.00 11/01/2005
410902740 08/01/2015 08/01/2035 N 4,613,132.51 4,608,503.58 11/01/2005
410902739 08/01/2015 08/01/2035 N 4,540,288.32 4,535,732.48 11/01/2005
600874821 N/A 10/01/2015 N 4,500,000.00 4,493,796.68 11/01/2005
700400483 N/A 07/01/2010 N 4,456,000.00 4,456,000.00 11/01/2005
310901649 N/A 02/01/2015 N 4,426,239.53 4,417,393.46 11/01/2005
850500207 N/A 08/01/2015 N 4,335,735.49 4,328,853.02 11/01/2005
850500193 N/A 08/01/2015 N 4,250,000.00 4,250,000.00 11/01/2005
410902896 N/A 09/01/2015 N 4,214,966.85 4,210,502.66 11/01/2005
600874822 N/A 10/01/2015 N 4,175,000.00 4,175,000.00 11/01/2005
410902927 N/A 09/01/2015 N 4,095,261.95 4,091,096.01 11/01/2005
310902733 N/A 09/01/2015 N 4,095,181.97 4,090,925.81 11/01/2005
410901769 N/A 09/01/2015 N 3,894,008.02 3,888,592.78 11/01/2005
410902800 N/A 08/01/2015 N 3,891,711.00 3,887,824.74 11/01/2005
410902742 08/01/2015 08/01/2035 N 3,841,782.41 3,837,927.47 11/01/2005
850500216 N/A 09/01/2015 N 3,800,000.00 3,800,000.00 10/01/2005
620902887 N/A 07/01/2012 N 3,788,401.32 3,784,688.12 11/01/2005
850500186 N/A 07/01/2015 N 3,782,645.47 3,776,992.01 11/01/2005
410902914 N/A 08/01/2010 N 3,716,724.02 3,712,821.75 11/01/2005
850202061 07/01/2015 07/01/2035 N 3,589,280.05 3,585,855.49 11/01/2005
700400543 N/A 07/01/2015 N 3,575,000.00 3,575,000.00 11/01/2005
410902743 08/01/2015 08/01/2035 N 3,572,358.72 3,568,774.13 11/01/2005
410902741 08/01/2015 08/01/2035 N 3,567,369.38 3,563,789.79 11/01/2005
410903076 N/A 10/01/2015 N 3,500,000.00 3,487,474.85 11/01/2005
600874823 N/A 09/01/2015 N 3,493,286.68 3,487,013.19 11/01/2005
700400591 N/A 08/01/2020 N 3,493,055.92 3,489,831.38 11/01/2005
410902734 N/A 07/01/2015 N 3,490,110.34 3,486,966.18 11/01/2005
620902872 N/A 07/01/2015 N 3,439,363.26 3,435,955.13 11/01/2005
850500210 N/A 09/01/2015 N 3,400,000.00 3,400,000.00 11/01/2005
410902596 N/A 09/01/2015 N 3,396,409.60 3,393,338.99 11/01/2005
410903053 N/A 09/01/2015 N 3,240,015.39 3,236,735.21 11/01/2005
620902834 N/A 09/01/2015 N 3,225,000.00 3,225,000.00 11/01/2005
410902811 N/A 07/01/2010 N 3,190,642.29 3,187,657.75 11/01/2005
850500168 N/A 06/01/2012 N 3,119,501.91 3,114,321.39 11/01/2005
700400550 N/A 08/01/2015 N 3,100,000.00 3,100,000.00 11/01/2005
600874824 N/A 09/01/2025 N 3,093,186.67 3,086,844.37 11/01/2005
410902895 N/A 08/01/2015 N 3,093,040.17 3,089,754.27 10/01/2005
410902961 N/A 08/01/2015 N 2,993,473.50 2,990,404.28 11/01/2005
700400440 N/A 06/01/2015 N 2,987,854.01 2,985,012.41 10/01/2005
410902870 N/A 07/01/2015 N 2,941,334.08 2,938,569.04 11/01/2005
850500188 N/A 07/01/2015 N 2,900,000.00 2,900,000.00 11/01/2005
410902808 N/A 09/01/2015 N 2,860,544.41 2,856,506.18 11/01/2005
410902650 N/A 09/01/2015 N 2,820,777.13 2,816,986.06 10/01/2005
410902832 N/A 08/01/2015 N 2,754,367.79 2,751,741.80 11/01/2005
600874825 N/A 10/01/2015 N 2,700,000.00 2,696,113.85 11/01/2005
600874826 N/A 09/01/2015 N 2,697,072.39 2,694,547.04 11/01/2005
410902859 N/A 08/01/2015 N 2,694,346.48 2,691,701.15 11/01/2005
410902926 N/A 08/01/2015 N 2,694,200.22 2,691,477.22 11/01/2005
600874804 N/A 08/01/2015 N 2,694,023.91 2,691,207.40 11/01/2005
600874827 N/A 08/01/2020 N 2,692,602.18 2,689,097.74 11/01/2005
700400579 N/A 09/01/2015 N 2,647,115.75 2,644,624.84 11/01/2005
410902949 N/A 08/01/2015 N 2,574,609.27 2,572,087.63 11/01/2005
410902825 N/A 08/01/2015 N 2,550,000.00 2,550,000.00 11/01/2005
410902866 N/A 08/01/2015 N 2,524,679.77 2,522,188.95 11/01/2005
850500204 08/01/2015 08/01/2035 N 2,500,000.00 2,500,000.00 11/01/2005
410902935 N/A 09/01/2015 N 2,497,153.73 2,494,661.86 11/01/2005
410902861 N/A 08/01/2015 N 2,494,765.25 2,492,315.86 11/01/2005
600874828 N/A 06/01/2020 N 2,485,659.90 2,482,029.27 11/01/2005
850500083 N/A 10/01/2014 N 2,452,308.25 2,448,427.52 11/01/2005
410902648 N/A 09/01/2015 N 2,396,412.43 2,393,191.70 10/01/2005
850500178 N/A 07/01/2015 N 2,339,577.03 2,337,193.65 11/01/2005
850500191 N/A 08/01/2012 N 2,335,000.00 2,335,000.00 11/01/2005
600874829 N/A 08/01/2020 N 2,307,883.35 2,299,269.14 11/01/2005
600874807 N/A 06/01/2015 N 2,300,000.00 2,300,000.00 11/01/2005
410902945 N/A 09/01/2015 N 2,297,396.08 2,295,120.12 11/01/2005
410902919 N/A 09/01/2015 N 2,297,356.89 2,295,036.63 11/01/2005
600874830 N/A 09/01/2015 N 2,296,340.97 2,293,007.50 11/01/2005
700400460 N/A 07/01/2010 N 2,250,000.00 2,250,000.00 11/01/2005
600874831 09/01/2015 09/01/2035 N 2,247,380.42 2,245,072.30 11/01/2005
600874805 10/01/2015 10/01/2035 N 2,200,000.00 2,197,881.53 11/01/2005
600874832 N/A 09/01/2025 N 2,194,890.46 2,189,757.93 11/01/2005
410902960 N/A 08/01/2015 N 2,095,431.45 2,093,283.00 11/01/2005
410902646 N/A 09/01/2015 N 2,046,935.62 2,044,184.58 10/01/2005
700400434 N/A 06/01/2015 N 2,037,932.55 2,035,037.90 11/01/2005
600874833 N/A 10/01/2015 N 2,000,000.00 1,998,172.07 11/01/2005
410902968 N/A 09/01/2015 N 1,996,740.64 1,993,755.57 11/01/2005
600874834 N/A 08/01/2020 N 1,990,933.33 1,986,516.59 11/01/2005
410902860 N/A 07/01/2015 N 1,990,917.70 1,987,960.01 11/01/2005
410902871 N/A 07/01/2015 N 1,921,196.85 1,919,341.17 11/01/2005
410902956 N/A 09/01/2015 N 1,897,804.32 1,895,873.76 11/01/2005
600874835 N/A 09/01/2015 N 1,896,954.44 1,894,175.20 11/01/2005
410902819 N/A 07/01/2015 N 1,869,579.08 1,867,851.93 11/01/2005
410902841 N/A 07/01/2015 N 1,802,772.79 1,801,107.36 11/01/2005
410902857 N/A 09/01/2015 N 1,800,000.00 1,800,000.00 10/01/2005
410902973 N/A 09/01/2015 N 1,800,000.00 1,800,000.00 11/01/2005
410902944 N/A 09/01/2015 N 1,797,958.34 1,796,172.84 11/01/2005
410903024 N/A 09/01/2015 N 1,797,097.29 1,794,444.91 11/01/2005
410902940 N/A 08/01/2020 N 1,787,456.34 1,781,278.46 11/01/2005
410902649 N/A 07/01/2015 N 1,782,471.82 1,780,031.99 11/01/2005
850500202 08/01/2015 08/01/2033 N 1,775,000.00 1,775,000.00 11/01/2005
410902930 N/A 08/01/2015 N 1,721,380.30 1,719,686.12 11/01/2005
410902948 N/A 09/01/2015 N 1,696,174.59 1,692,598.25 11/01/2005
410902684 N/A 08/01/2015 N 1,694,893.39 1,692,449.89 11/01/2005
410902877 N/A 08/01/2015 N 1,679,740.52 1,677,214.34 11/01/2005
620902951 N/A 09/01/2015 N 1,650,000.00 1,650,000.00 11/01/2005
850500187 N/A 07/01/2015 N 1,642,313.00 1,639,726.93 11/01/2005
410902729 N/A 09/01/2015 N 1,637,339.35 1,634,904.97 11/01/2005
850500203 08/01/2015 08/01/2033 N 1,600,000.00 1,600,000.00 11/01/2005
850500195 08/01/2015 08/01/2033 N 1,600,000.00 1,600,000.00 11/01/2005
700400451 N/A 06/01/2015 N 1,600,000.00 1,600,000.00 11/01/2005
410902934 N/A 09/01/2015 N 1,598,133.72 1,596,488.48 11/01/2005
410902647 N/A 09/01/2015 N 1,597,626.51 1,595,499.79 10/01/2005
410902928 N/A 08/01/2015 N 1,596,563.10 1,594,949.47 11/01/2005
410902958 N/A 02/01/2013 N 1,570,748.55 1,556,138.08 11/01/2005
850500199 08/01/2015 08/01/2033 N 1,550,000.00 1,550,000.00 11/01/2005
410902839 N/A 09/01/2015 N 1,498,445.75 1,497,125.00 11/01/2005
700400611 N/A 09/01/2015 N 1,498,406.98 1,497,042.03 11/01/2005
410902974 N/A 09/01/2015 N 1,498,273.02 1,496,756.18 10/01/2005
850500208 N/A 09/01/2015 N 1,498,157.66 1,496,510.95 11/01/2005
850500209 N/A 09/01/2015 N 1,498,157.66 1,496,510.95 11/01/2005
410902829 N/A 07/01/2020 N 1,484,156.32 1,478,900.22 11/01/2005
850500201 08/01/2015 08/01/2033 N 1,475,000.00 1,475,000.00 11/01/2005
410902706 N/A 08/01/2015 N 1,462,433.06 1,460,503.79 11/01/2005
700400687 N/A 10/01/2015 N 1,350,000.00 1,348,706.41 11/01/2005
410902972 N/A 09/01/2010 N 1,347,991.23 1,346,189.93 11/01/2005
410902975 N/A 09/01/2015 N 1,298,503.28 1,297,188.68 11/01/2005
600874836 N/A 09/01/2015 N 1,248,694.92 1,247,583.03 11/01/2005
410902863 N/A 07/01/2015 N 1,216,512.92 1,215,403.09 11/01/2005
410903107 N/A 09/01/2010 N 1,198,643.97 1,197,459.38 11/01/2005
700400432 N/A 06/01/2015 N 1,195,004.20 1,193,830.98 11/01/2005
700400539 N/A 08/01/2015 N 1,182,633.57 1,181,533.65 11/01/2005
410902852 N/A 09/01/2015 N 1,148,265.13 1,146,704.14 11/01/2005
850500163 05/01/2015 05/01/2035 N 1,100,000.00 1,100,000.00 11/01/2005
410902894 N/A 09/01/2015 N 1,098,260.57 1,096,678.05 11/01/2005
700400433 N/A 06/01/2015 N 796,669.47 795,887.32 11/01/2005
600874837 N/A 09/01/2015 N 773,193.75 771,494.75 11/01/2005
600874838 N/A 09/01/2015 N 688,391.85 686,879.19 11/01/2005
700400413 N/A 05/01/2015 N 600,000.00 600,000.00 11/01/2005
600874839 N/A 09/01/2015 N 548,718.14 547,512.39 11/01/2005
700202249 N/A 07/08/2010 N 121,050,000.00 121,050,000.00 10/08/2005
700202249 N/A 07/08/2010 N 20,000,000.00 20,000,000.00 10/08/2005
Totals 2,092,978,628.24 2,092,043,085.81
</TABLE>
<TABLE>
<CAPTION>
Loan Appraisal Appraisal Res. Mod.
Number Reduction Reduction Strat. Code
Date Amount (2) (3)
<s> <c> <c> <c> <c>
Totals 0.00
<FN>
(1) Property Type Code
MF - Multi-Family
RT - Retail
HC - Health Care
IN - Industrial
WH - Warehouse
MH - Mobile Home Park
OF - Office
MU - Mixed Use
LO - Lodging
SS - Self Storage
OT - Other
(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
(3) Modification Code
1 - Maturity Date Extension
2 - Amortization Change
3 - Principal Write-Off
4 - Combination
</FN>
</TABLE>
Principal Prepayment Detail
No Principal Prepayments this Period
<TABLE>
<CAPTION>
Historical Detail
Delinquencies
Distribution 30-59 Days 60-89 Days 90 Days or More
Date # Balance # Balance # Balance
<s> <c> <c> <c> <c> <c> <c>
11/14/2005 0 $0.00 0 $0.00 0 $0.00
</TABLE>
<TABLE>
<CAPTION>
Distribution Foreclosure REO Modifications
Date # Balance # Balance # Balance
<s> <c> <c> <c> <c> <c> <c>
11/14/2005 0 $0.00 0 $0.00 0 $0.00
</TABLE>
<TABLE>
<CAPTION>
Prepayments Rate and Maturities
Distribution Curtailments Payoff Next Weighted Avg. WAM
Date # Amount # Amount Coupon Remit
<s> <c> <c> <c> <c> <c> <c> <c>
11/14/2005 0 $0.00 0 $0.00 5.197686% 5.153272% 113
<FN>
Note: Foreclosure and REO Totals are excluded from the delinquencies aging
categories.
</FN>
</TABLE>
<TABLE>
<CAPTION>
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
<s> <c> <c> <c> <c> <c> <c>
700202254 9 0 10/01/2005 191,425.00 191,425.00 B
850500221 58 0 10/01/2005 44,124.65 44,124.65 B
310903057 59 0 10/01/2005 33,686.67 33,686.67 B
700400690 64 0 10/01/2005 31,806.00 31,806.00 B
310903073 74 0 10/01/2005 34,152.14 34,152.14 B
310903030 76 0 10/01/2005 26,430.60 26,430.60 B
700400634 89 0 10/01/2005 22,173.61 22,173.61 B
600874803 92 0 10/01/2005 29,093.35 29,093.35 B
850500216 108 0 10/01/2005 16,158.23 16,158.23 B
410902895 129 0 10/01/2005 16,656.43 16,656.43 B
700400440 131 0 10/01/2005 17,069.59 17,069.59 B
410902650 135 0 10/01/2005 17,320.61 17,320.61 B
410902648 152 0 10/01/2005 14,714.85 14,714.85 B
410902646 165 0 10/01/2005 12,568.95 12,568.95 B
410902857 176 0 10/01/2005 8,091.00 8,091.00 B
410902647 194 0 10/01/2005 9,858.34 9,858.34 B
410902974 200 0 10/01/2005 8,161.26 8,161.26 B
700202249 1A 0 10/08/2005 507,115.43 507,115.43 A
700202249 1B 0 10/08/2005 0.00 0.00 A
Totals 19 1,040,606.71 1,040,606.71
</TABLE>
<TABLE>
<CAPTION>
Resolution Servicing Actual Outstanding
Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO
Number Code (2) Date Date Balance Advances Date Date
<s> <c> <c> <c> <c> <c> <c> <c>
700202254 45,000,000.00 0.00
850500221 8,000,000.00 0.00
310903057 8,000,000.00 0.00
700400690 7,200,000.00 0.00
310903073 6,400,000.00 0.00
310903030 5,880,000.00 0.00
700400634 5,000,000.00 0.00
600874803 4,918,957.83 0.00
850500216 3,800,000.00 0.00
410902895 3,093,040.16 0.00
700400440 2,987,854.01 0.00
410902650 2,820,777.13 0.00
410902648 2,396,412.43 0.00
410902646 2,046,935.61 0.00
410902857 1,800,000.00 0.00
410902647 1,597,626.51 0.00
410902974 1,498,273.02 0.00
700202249 121,050,000.00 0.00
700202249 20,000,000.00 0.00
Totals 253,489,876.70 0.00
</TABLE>
<TABLE>
<CAPTION>
Current Outstanding Actual Outstanding
P & I P & I Principal Servicing
Advances Advances** Balance Advances
<s> <c> <c> <c> <c>
Totals By Delinquency Code:
Total for Status Code = A (2 loans) 507,115.43 507,115.43 141,050,000.00 0.00
Total for Status Code = B (17 loans) 533,491.28 533,491.28 112,439,876.70 0.00
<FN>
(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.
</FN>
</TABLE>
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