8-K 1 msc03iq4_aug.txt AUGUST 8-K 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 : August 15, 2003 (Date of earliest event reported) Commission File No.: 333-104283-01 Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-IQ4 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2116922 54-2116923 54-2116924 54-2116925 54-2116926 54-2116927 54-6553619 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 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) ITEM 5. Other Events On August 15, 2003 a distribution was made to holders of Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-IQ4 ITEM 7. Financial Statements and Exhibits (c) Exhibits Item 601(a) of Regulation S-K Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2003-IQ4 relating to the August 15, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-IQ4 By: Wells Fargo Bank Minnesota, N.A., as Paying Agent By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: August 15, 2003 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates Series 2003-IQ4, relating to the August 15, 2003 distribution. EX-99.1 Wells Fargo Bank MN, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-IQ4 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 08/15/2003 Record Date: 07/31/2003 DISTRIBUTION DATE STATEMENT Table of Contents STATEMENT SECTIONS PAGE(s) Certificate Distribution Detail 2 Certificate Factor Detail 3 Reconciliation Detail 4 Other Required Information 5 Cash Reconciliation 6 Ratings Detail 7 Current Mortgage Loan and Property Stratification Tables 8 - 10 Mortgage Loan Detail 11 - 14 Principal Prepayment Detail 15 Historical Detail 16 Delinquency Loan Detail 17 - 18 Specially Serviced Loan Detail 19 - 20 Modified Loan Detail 21 Liquidated Loan Detail 22 Depositor Morgan Stanley Capital I Inc. 1585 Broadway New York, NY 10036 Contact: General Information Number Phone Number: (212) 761-4700 Master Servicer GMAC Commercial Mortgage Corporation 200 Witmer Road Horsham, PA 19044-8015 Contact: Darri Cunningham Phone Number: (215) 328-1784 Special Servicer Midland Loan Services, Inc. 10851 Mastin Street, Suite 700 Overland Park, KS 66210 Contact: Brad Hauger Phone Number: (913) 253-9000 This report has been compiled from information provided to Wells Fargo Bank MN, N.A. by various third parties, which may include the Master Servicer, Special Servicer and others. Wells Fargo Bank MN, 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 MN, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 2003, Wells Fargo Bank Minnesota, N.A.

Certificate Distribution Detail Class CUSIP Pass-Through Original Beginning Principal Rate Balance Balance Distribution A-1 61745MQL0 3.270000% 178,879,000.00 178,~~879~~082,~~000~~045.0007 ~~796~~759,~~954~~862.9317 A-2 61745MQM8 4.070000% 449,730,000.00 449,730,000.00 0.00 B 61745MQN6 4.180000% 18,194,000.00 18,194,000.00 0.00 C 61745MQP1 4.270000% 23,652,000.00 23,652,000.00 0.00 D 61745MQQ9 4.340000% 4,549,000.00 4,549,000.00 0.00 E 61745MPY3 4.710000% 7,278,000.00 7,278,000.00 0.00 F 61745MPZ0 4.820000% 7,277,000.00 7,277,000.00 0.00 G 61745MQA4 5.490000% 8,188,000.00 8,188,000.00 0.00 H 61745MQB2 5.500000% 8,187,000.00 8,187,000.00 0.00 J 61745MQC0 5.500000% 3,639,000.00 3,639,000.00 0.00 K 61745MQD8 5.500000% 1,819,000.00 1,819,000.00 0.00 L 61745MQE6 5.500000% 5,459,000.00 5,459,000.00 0.00 M 61745MQF3 5.500000% 1,819,000.00 1,819,000.00 0.00 N 61745MQH9 5.500000% 1,819,000.00 1,819,000.00 0.00 O 61745MQJ5 5.500000% 7,278,609.00 7,278,609.00 0.00 R-1 N/A 0.000000% 0.00 0.00 0.00 R-2 N/A 0.000000% 0.00 0.00 0.00 R-3 N/A 0.000000% 0.00 0.00 0.00 EI N/A 0.000000% 0.00 0.00 0.00 Totals 727,767,609.00 ~~727~~726,~~767~~970,~~609~~654.0007 ~~796~~759,~~954~~862.9317

Class CUSIP Interest Prepayment Realized Loss/ Total Current Distribution Penalties Additional Trust Distribution Ending Balance Subordination Fund Expenses Level(1) A-1 61745MQL0 ~~487~~485,~~445~~273.2857 0.00 0.00 1,~~284~~245,~~400~~135.2174 ~~178~~177,~~082~~322,~~045~~182.0790 13.6465% A-2 61745MQM8 1,525,334.25 0.00 0.00 1,525,334.25 449,730,000.00 13.6465% B 61745MQN6 63,375.77 0.00 0.00 63,375.77 18,194,000.00 11.1415% C 61745MQP1 84,161.70 0.00 0.00 84,161.70 23,652,000.00 7.8889% D 61745MQQ9 16,452.22 0.00 0.00 16,452.22 4,549,000.00 7.2627% E 61745MPY3 28,566.15 0.00 0.00 28,566.15 7,278,000.00 6.26% F 61745MPZ0 29,229.28 0.00 0.00 29,229.28 7,277,000.00 5.26% G 61745MQA4 37,460.10 0.00 0.00 37,460.10 8,188,000.00 4.13% H 61745MQB2 37,523.75 0.00 0.00 37,523.75 8,187,000.00 3.0001% J 61745MQC0 16,678.75 0.00 0.00 16,678.75 3,639,000.00 2.5051% K 61745MQD8 8,337.08 0.00 0.00 8,337.08 1,819,000.00 2.25% L 61745MQE6 25,020.42 0.00 0.00 25,020.42 5,459,000.00 1.50% M 61745MQF3 8,337.08 0.00 0.00 8,337.08 1,819,000.00 1.25% N 61745MQH9 8,337.08 0.00 0.00 8,337.08 1,819,000.00 1.00% O 61745MQJ5 33,360.29 0.00 0.00 33,360.29 7,278,609.00 0.00% R-1 N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-2 N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-3 N/A 0.00 0.00 0.00 0.00 0.00 0.00% EI N/A 0.00 0.00 0.00 0.00 0.00 0.00% Totals 2,~~409~~407,~~619~~447.2049 0.00 0.00 3,~~206~~167,~~574~~309.1366 726,~~970~~210,~~654~~791.0790

Original Beginning Pass-Through Notional Notional Class CUSIP Rate Amount Amount X-1 61745MPW7 0.~~209386~~216027% 727,767,609.00 ~~727~~726,~~767~~970,~~609~~654.0007 X-2 61745MPX5 2.~~048364~~163644% 667,249,000.00 667,249,000.00

Ending Interest Prepayment Total Notional Class CUSIP Distribution Penalties Distribution Amount X-1 61745MPW7 ~~126~~130,~~987~~871.1312 0.00 ~~126~~130,~~987~~871.1312 726,~~970~~210,~~654~~791.0790 X-2 61745MPX5 1,~~138~~203,~~974~~074.0847 0.00 1,~~138~~203,~~974~~074.0847 667,249,000.00 (1) Calculated by taking (A) the sum of the ending certificate balance of all classes less (B) the sum of (i) the ending certificate balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate to the designated class and dividing the result by (A).

Certificate Factor Detail Prepayment Realized Loss/ Ending Beginning Principal Interest Penalties Additional Trust Balance Class CUSIP Balance Distribution Distribution Fund Expenses A-1 61745MQL0 ~~1,000~~995.~~00000000~~54472616 4.~~45527384~~24791155 2.~~72500003~~71285936 0.00000000 0.00000000 ~~995~~991.~~54472616~~29681461 A-2 61745MQM8 1,000.00000000 0.00000000 3.39166667 0.00000000 0.00000000 1,000.00000000 B 61745MQN6 1,000.00000000 0.00000000 3.48333352 0.00000000 0.00000000 1,000.00000000 C 61745MQP1 1,000.00000000 0.00000000 3.55833333 0.00000000 0.00000000 1,000.00000000 D 61745MQQ9 1,000.00000000 0.00000000 3.61666740 0.00000000 0.00000000 1,000.00000000 E 61745MPY3 1,000.00000000 0.00000000 3.92500000 0.00000000 0.00000000 1,000.00000000 F 61745MPZ0 1,000.00000000 0.00000000 4.01666621 0.00000000 0.00000000 1,000.00000000 G 61745MQA4 1,000.00000000 0.00000000 4.57500000 0.00000000 0.00000000 1,000.00000000 H 61745MQB2 1,000.00000000 0.00000000 4.58333333 0.00000000 0.00000000 1,000.00000000 J 61745MQC0 1,000.00000000 0.00000000 4.58333333 0.00000000 0.00000000 1,000.00000000 K 61745MQD8 1,000.00000000 0.00000000 4.58333150 0.00000000 0.00000000 1,000.00000000 L 61745MQE6 1,000.00000000 0.00000000 4.58333394 0.00000000 0.00000000 1,000.00000000 M 61745MQF3 1,000.00000000 0.00000000 4.58333150 0.00000000 0.00000000 1,000.00000000 N 61745MQH9 1,000.00000000 0.00000000 4.58333150 0.00000000 0.00000000 1,000.00000000 O 61745MQJ5 1,000.00000000 0.00000000 4.58333316 0.00000000 0.00000000 1,000.00000000 R-1 N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 EI N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000

Beginnning Ending Notional Interest Prepayment Notional Class CUSIP Amount Distribution Penalties Amount X-1 61745MPW7 ~~1,000~~998.~~00000000~~90493212 0.~~17448857~~17982543 0.00000000 ~~998~~997.~~90493212~~86083211 X-2 61745MPX5 1,000.00000000 1.~~70697008~~80303675 0.00000000 1,000.00000000

Servicing Fee Summary Current Period Accrued Servicing Fees 4849,~~508~~054.6120 Less Delinquent Servicing Fees 011,867.0072 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 0.00 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 4837,~~508~~186.6148

Certificate Interest Reconciliation Class Accrued Net Aggregate Distributable Distributable Additional Interest Remaining Unpaid Certificate Prepayment Certificate Certificate Interest Trust Fund Distribution Distributable Interest Interest Shortfall Interest Adjustment Expenses Certificate Interest A-1 ~~487~~485,~~445~~273.2857 0.00 ~~487~~485,~~445~~273.2857 0.00 0.00 ~~487~~485,~~445~~273.2857 0.00 A-2 1,525,334.25 0.00 1,525,334.25 0.00 0.00 1,525,334.25 0.00 B 63,375.77 0.00 63,375.77 0.00 0.00 63,375.77 0.00 C 84,161.70 0.00 84,161.70 0.00 0.00 84,161.70 0.00 D 16,452.22 0.00 16,452.22 0.00 0.00 16,452.22 0.00 E 28,566.15 0.00 28,566.15 0.00 0.00 28,566.15 0.00 F 29,229.28 0.00 29,229.28 0.00 0.00 29,229.28 0.00 G 37,460.10 0.00 37,460.10 0.00 0.00 37,460.10 0.00 H 37,523.75 0.00 37,523.75 0.00 0.00 37,523.75 0.00 J 16,678.75 0.00 16,678.75 0.00 0.00 16,678.75 0.00 K 8,337.08 0.00 8,337.08 0.00 0.00 8,337.08 0.00 L 25,020.42 0.00 25,020.42 0.00 0.00 25,020.42 0.00 M 8,337.08 0.00 8,337.08 0.00 0.00 8,337.08 0.00 N 8,337.08 0.00 8,337.08 0.00 0.00 8,337.08 0.00 O 33,360.29 0.00 33,360.29 0.00 0.00 33,360.29 0.00 X-1 ~~126~~130,~~987~~871.1312 0.00 ~~126~~130,~~987~~871.1312 0.00 0.00 ~~126~~130,~~987~~871.1312 0.00 X-2 1,~~138~~203,~~974~~074.0847 0.00 1,~~138~~203,~~974~~074.0847 0.00 0.00 1,~~138~~203,~~974~~074.0847 0.00 Total 3,~~675~~741,~~580~~393.4108 0.00 3,~~675~~741,~~580~~393.4108 0.00 0.00 3,~~675~~741,~~580~~393.4108 0.00

Other Required Information Available Distribution Amount (1) 4,~~472~~501,~~535~~255.3425 Aggregate Number of Outstanding Loans 119 Aggregate Unpaid Principal Balance of Loans 726,~~970~~374,~~654~~943.3378 Aggregate Stated Principal Balance of Loans 726,~~970~~210,~~654~~792.3316 Aggregate Amount of Servicing Fee 4837,~~508~~186.6148 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 1,~~698~~729.1250 Aggregate Trust Fund ~~Expensese~~Expenses 0.00 Interest Reserve Deposit 0.00 Interest Reserve Withdrawal 0.00 Specially Serviced Loans not Delinquent Number of Outstanding Loans 0 Aggregate Unpaid Principal Balance 0.00 (1) The Available Distribution Amount includes any Prepayment Premiums.

Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 3,~~725~~792,~~787~~176.1779 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 3,~~725~~792,~~787~~176.1779 Principal: Scheduled Principal ~~796~~759,~~954~~862.9710 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 ~~796~~759,~~954~~862.9710 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 4,~~522~~552,~~742/14~~038.89 Total Funds Distributed Fees: Master Servicing Fee 4849,~~508~~054.6120 Trustee Fee 1,~~698~~729.1250 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 50,~~206~~783.7470 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 3,~~675~~741,~~580~~393.4108 Principal Distribution ~~796~~759,~~954~~862.9317 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 4,~~472~~501,~~535~~255.3425 Total Funds Distributed 4,~~522~~552,~~742~~038.0895

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

Current Mortgage Loan and Property Stratification Tables Scheduled Balance % Of Scheduled # of Scheduled Agg. WAM Weighted Balance Loans Balance Bal. (2) WAC Avg DSCR(1) Below 2,500,000 54 79,~~857~~589,~~700~~835.2184 10.9896 ~~149~~148 6.~~5081~~5082 1.~~404157~~404345 2,500,001 to 5,000,000 36 124,~~548~~353,~~032~~889.2127 17.1312 ~~125~~124 6.~~5384~~5378 1.~~630161~~630548 5,000,001 to 7,500,000 5 31,~~357~~300,~~154~~445.6316 4.31 ~~118~~117 6.~~3557~~3550 1.~~312564~~312751 7,500,001 to 10,000,000 8 66,~~112~~033,~~060~~642.8836 9.09 ~~117~~116 6.~~3927~~3923 1.~~406828~~380131 10,000,001 to 12,500,000 7 78,~~293~~220,~~406~~599.7951 10.77 ~~113~~112 6.~~2713~~2712 1.~~600755~~601003 12,500,001 to 15,000,000 1 13,~~746~~738,~~292~~167.2376 1.89 ~~115~~114 7.3300 1.230000 15,000,001 to 17,500,000 1 16,~~417~~404,~~978~~027.8338 2.26 ~~114~~113 7.0200 1.320000 17,500,001 to 20,000,000 1 19,~~462~~444,~~313~~882.5330 2.68 ~~118~~117 5.7500 1.370000 20,000,001 to 30,000,000 2 46,~~175~~125,~~715~~302.0258 6.35 ~~113~~112 5.~~3565~~3566 1.~~709135~~709107 30,000,001 to 50,000,000 0 0.00 0.00 0 0.0000 0.000000 50,000,001 to 60,000,000 2 113,500,000.00 15.6163 ~~114~~113 5.9003 2.494053 60,000,001 and greater 2 137,500,000.00 18.9193 ~~117~~116 5.6276 2.134000 Totals 119 726,~~970~~210,~~654~~792.3316 100.00 ~~121~~120 6.~~1429~~1425 1.~~781812~~779809

State(3) # of Scheduled % of Weighted State Props. Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Alabama 1 1,~~958~~951,~~618~~873.7021 0.27 ~~174~~173 6.0200 2.140000 Arizona 2 2,~~709~~703,~~515~~608.2213 0.37 ~~113~~112 6.3750 1.432364 Arkansas 1 4,~~091~~088,~~900~~142.9652 0.56 ~~118~~117 5.6500 1.400000 California 10 73,~~982~~904,~~848~~579.4582 10.18 ~~115~~114 6.~~5237~~5238 1.~~372455~~348538 Colorado 1 8,~~236~~228,~~839~~520.8891 1.13 8988 7.9500 1.310000 Connecticut 2 10,~~874~~865,~~511~~263.8635 1.50 ~~118~~117 5.9660 1.~~436749~~436747 Florida 12 136,~~698~~632,~~204~~073.9301 18.8081 ~~120~~119 5.~~8377~~8375 1.~~782414~~782565 Georgia 5 15,~~967~~899,~~461~~733.6702 2.2019 ~~143~~142 7.~~4688~~4693 1.~~105727~~105850 Illinois 3 8685,~~028~~990,~~912~~238.8138 11.8384 ~~112~~111 5.~~2043~~2041 2.~~791965~~792439 Indiana 2 2,~~578~~571,~~820~~910.8572 0.35 ~~149~~148 6.~~2668~~2674 1.~~608689~~608544 Kentucky 1 ~~888~~886,~~238~~516.7093 0.12 ~~173~~172 7.3800 1.480000 Maryland 3 6,~~456~~443,~~403~~186.8978 0.89 ~~137~~136 6.~~1805~~1800 1.~~329355~~329424 Michigan 4 13,~~314~~281,~~770~~265.6706 1.83 ~~188~~187 7.~~6676~~6672 1.~~242106~~242166 Minnesota 1 7,~~933~~925,~~355~~749.6807 1.09 ~~111~~110 6.4900 1.260000 Nebraska 2 7,~~279~~270,~~456~~062.6204 1.00 ~~113~~112 6.2000 1.366531 Nevada 2 4,~~888~~870,~~068~~096.6618 0.67 5251 7.~~1011~~1015 1.~~353784~~353980 New Jersey 5 23,~~112~~063,~~847~~450.3800 3.18 ~~103~~102 6.~~6575~~6565 1.~~538270~~538015 New Mexico 5 6,~~746~~702,~~283~~581.2533 0.9392 ~~117~~116 6.~~1200~~1198 1.~~365391~~365274 New York 5 14,~~947~~917,~~758~~067.7310 2.0605 ~~161~~160 6.7002 1.~~340737~~340949 North Carolina 1 10,~~553~~540,~~179~~103.1254 1.45 ~~114~~113 7.2500 1.160000 North Dakota 1 1,~~405~~400,~~167~~125.1685 0.19 ~~175~~174 6.0000 1.180000 Ohio 17 43,~~729~~700,~~346~~495.1115 6.02 ~~125~~124 5.~~9329~~9326 2.~~514543~~515348 Oregon 1 3,~~058~~053,~~825~~344.0116 0.42 5756 7.0000 1.850000 Pennsylvania 3 34,~~500~~468,~~544~~810.6124 4.75 ~~117~~116 5.6682 1.~~476864~~476862 Puerto Rico 1 2,~~228~~224,~~532~~559.4374 0.31 ~~116~~115 7.0000 1.420000 South Carolina 1 ~~793~~791,~~961~~166.1412 0.11 ~~176~~175 6.1250 1.600000 Tennessee 3 5,~~775~~752,~~763~~824.0604 0.79 ~~165~~164 6.~~9433~~9463 1.~~130247~~130252 Texas 9 81,~~882~~824,~~588~~125.5183 11.2627 ~~126~~125 6.~~5796~~5797 1.~~565021~~565217 Utah 3 5,~~526~~511,~~832~~558.4660 0.76 ~~145~~144 7.~~0767~~0765 1.~~200622~~200740 Virginia 5 9,~~142~~119,~~951~~425.7813 1.26 ~~151~~150 6.~~8262~~8261 1.~~376278~~376110 Washington 3 19,~~265~~236,~~893~~895.2957 2.65 ~~116~~115 5.~~8945~~8946 1.~~340194~~340170 Washington,DC 1 67,500,000.00 9.29 ~~116~~115 5.7600 2.190000 Wisconsin 3 12,~~912~~891,~~250~~440.7463 1.78 9897 6.~~1691~~1687 1.~~368968~~369050 Totals 119 726,~~970~~210,~~654~~792.3316 100.00 ~~121~~120 6.~~1429~~1425 1.~~781812~~779809

Debt Service Coverage Ratio(1) Debt Service # of Scheduled % of Weighted Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 1.15 or less 15 40,~~620~~463,~~161~~636.7222 5.5957 ~~161~~160 7.~~3566~~3574 1.067774 1.16 to 1.25 1819 4957,~~171~~441,~~003~~548.9638 67.7691 ~~145~~140 76.~~0506~~8848 1.~~195566~~198966 1.26 to 1.35 15 82,~~278~~185,~~025~~931.3177 11.32 ~~117~~116 6.~~5761~~5760 1.~~299287~~299288 1.36 to 1.50 3837 ~~187~~178,~~610~~978,~~080~~193.7611 2524.8165 ~~115~~114 6.~~1079~~1170 1.~~424509~~424254 1.51 to 1.75 15 100,~~926~~841,~~979~~172.9357 13.8889 ~~122~~121 6.~~4429~~4428 1.~~646781~~646801 1.76 to 2.00 5 35,~~475~~428,~~533~~388.9931 4.88 ~~103~~102 5.6322 1.~~863015~~863021 2.01 or greater 13 230,~~888~~871,~~868~~921.6680 31.7679 ~~116~~115 5.~~5576~~5575 2.~~541108~~541138 Totals 119 726,~~970~~210,~~654~~792.3316 100.00 ~~121~~120 6.~~1429~~1425 1.~~781812~~779809

Property Type (3) Property # of Scheduled % of Weighted Type Props Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Industrial 27 7170,~~061~~851,~~023~~522.6771 9.7776 ~~124~~123 7.~~1236~~1233 1.~~297485~~297538 Lodging 1 3,~~966~~961,~~349~~978.7420 0.55 ~~113~~112 6.9900 1.700000 Mixed Use 7 35,~~075~~033,~~104~~522.9976 4.82 ~~121~~120 6.~~3528~~3526 1.~~412243~~412291 Multi-Family 19 92,~~621~~547,~~230~~177.7333 12.74 ~~119~~118 6.3629 1.~~925394~~925818 Office 20 195,~~252~~144,~~588~~777.0508 26.8687 ~~113~~112 5.~~7958~~7955 2.~~208086~~208554 Retail 44 325,~~998~~679,~~301~~174.2264 44.8485 ~~125~~124 6.~~0375~~0374 1.~~635639~~630422 Self Storage 1 2,~~996~~992,~~055~~639.9344 0.41 ~~119~~118 6.6000 1.390000 Totals 119 726,~~970~~210,~~654~~792.3316 100.00 ~~121~~120 6.~~1429~~1425 1.~~781812~~779809

Note Rate Note # of Scheduled % of Weighted Rate Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 5.000% or less 1 1,~~974~~961,~~337~~559.1553 0.27 ~~118~~117 4.9100 1.120000 5.001% to 5.500% 5 165,~~501~~462,~~693~~840.4623 22.7778 ~~115~~114 5.3148 2.~~465414~~465563 5.501% to 6.000% 30 240,~~879~~694,~~761~~481.1246 33.1314 ~~116~~115 5.7712 1.~~806662~~799613 6.001% to 6.500% 35 9291,~~018~~843,~~519~~018.87 12.6665 ~~142~~141 6.2282 1.~~381593~~381573 6.501% to 7.000% 27 116,~~828~~693,~~267~~648.1238 16.07 ~~119~~118 6.~~7781~~7780 1.~~546424~~546701 7.001% to 7.500% 13 77,~~675~~543,~~980~~679.4292 10.68 ~~123~~122 7.~~1991~~1990 1.~~278354~~278485 7.501% to 8.000% 4 16,~~364~~325,~~370~~598.5804 2.25 7271 7.~~8768~~8770 1.~~551255~~550897 8.001% to 8.500% 2 12,~~186~~153,~~259~~503.4626 1.6867 ~~185~~184 8.2857 1.106485 8.501% to 9.000% 1 2,~~814~~808,~~995~~270.0522 0.39 ~~194~~193 8.6124 1.120000 9.001% to 10.500% 0 0.00 0.00 0 0.0000 0.000000 10.501% or greater 1 ~~726~~724,~~470~~192.1025 0.10 ~~150~~149 10.9700 1.070000 Totals 119 726,~~970~~210,~~654~~792.3316 100.00 ~~121~~120 6.~~1429~~1425 1.~~781812~~779809

Seasoning # of Scheduled % of Weighted Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 0 months 0 0.00 0.00 0 0.0000 0.000000 1 to 12 months 99 ~~639~~638,~~234~~679,~~253~~704.8570 87.9395 ~~121~~120 5.~~9576~~9573 1.~~845341~~842956 13 to 24 months 2 24,~~319~~301,~~468~~882.6226 3.35 ~~111~~110 7.1996 1.~~303910~~303897 25 to 36 months 4 21,~~149~~106,~~569~~216.4442 2.91 ~~146~~145 8.~~2471~~2469 1.~~184492~~184576 37 to 48 months 21 82,~~779~~772,~~405~~438.1042 10.2138 ~~144~~168 7.~~2637~~3800 12.~~471380~~340000 49 to 60 months 67 1622,~~870~~791,~~373~~453.9975 23.3214 7287 7.~~0362~~0817 1.~~333057~~264328 61 to 72 months 5 14,~~704~~653,~~856~~972.1661 2.02 ~~110~~109 7.~~5823~~5824 1.~~453264~~453114 73 to 84 months 0 0.00 0.00 0 0.0000 0.000000 85 months or greater 1 1,~~912~~905,~~727~~124.1700 0.26 ~~153~~152 7.3100 1.140000 Totals 119 726,~~970~~210,~~654~~792.3316 100.00 ~~121~~120 6.~~1429~~1425 1.~~781812~~779809

Anticipated Remaining Term (ARD and Balloon Loans) Anticipated # of Scheduled % of Weighted Remaining Term(2) Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 60 months or less 5 14,~~910~~863,~~203~~571.2508 2.05 4948 7.~~5000~~4998 1.~~715536~~715500 61 to 120 months 64 ~~614~~613,~~207~~834,~~117~~786.1532 84.4953 ~~114~~113 5.~~9885~~9883 1.~~863627~~861008 121 to 180 months 3 5,~~621~~613,~~550~~406.3491 0.77 ~~172~~171 7.~~0455~~0458 1.~~880093~~880378 181 months and greater 1 3,~~271~~262,~~893~~282.6285 0.45 ~~185~~184 7.3000 1.020000 Totals 73 ~~638~~637,~~010~~574,~~764~~047.3616 87.7679 ~~113~~112 6.~~0398~~0396 1.~~855985~~853483

Remaining Stated Term (Fully Amortizing Loans) Remaining # of Scheduled % of Weighted Stated Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 60 months or less 0 0.00 0.00 0 0.0000 0.000000 61 to 120 months 5 7,~~170~~120,~~326~~614.1699 0.9998 ~~109~~108 6.~~0323~~0321 1.~~341076~~340997 121 to 180 months 29 46,~~486~~299,~~623~~021.9587 6.3938 ~~158~~157 6.7512 1.~~232732~~232788 181 to 240 months 12 35,~~302~~217,~~939~~108.8614 4.8685 ~~210~~209 7.~~2281~~2279 1.~~253862~~253888 241 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 46 88,~~959~~636,~~889~~745.9700 12.2421 ~~175~~174 6.~~8825~~8828 1.~~249850~~249865

Remaining Amortization Term (ARD and Balloon Loans) Remaining # of Scheduled % of Weighted Amortization Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Interest Only 7 28,760,000.00 3.96 ~~114~~113 5.7289 3.115591 120 months or less 0 0.00 0.00 0 0.0000 0.000000 121 to 180 months 3 6,~~207~~173,~~480~~511.0407 0.85 7271 7.~~2338~~2335 1.~~711000~~710933 181 to 240 months 17 3534,~~035~~957,~~380~~763.9604 4.8281 ~~114~~113 6.8533 1.~~387873~~387917 241 to 300 months 17 200,~~549~~434,~~534~~982.2312 27.5960 ~~110~~109 6.~~1604~~1602 2.~~011688~~012045 301 to 360 months 29 367,~~458~~247,~~369~~790.1393 50.5557 ~~115~~114 5.9006 1.~~719501~~714818 361 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 73 ~~638~~637,~~010~~574,~~764~~047.3616 87.7679 ~~113~~112 6.~~0398~~0396 1.~~855985~~853483

Age of Most Recent NOI Age of Most # of Scheduled % of Weighted Recent NOI Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Underwriter's Information ~~119~~118 ~~726~~717,~~970~~842,~~654~~307.3307 ~~100~~98.0085 ~~121~~120 6.~~1429~~1452 1.~~781812~~786349 1 year or less 01 08,368,485.0009 01.0015 0116 05.~~0000~~9100 01.~~000000~~218800 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 119 726,~~970~~210,~~654~~792.3316 100.00 ~~121~~120 6.~~1429~~1425 1.~~781812~~779809 (1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrower 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 each property as disclosed in the offering document. Note: (i) An ARD Loan constitutes a "Hyper-Amortization Loan" as defined in the offering document.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type(1) City State Payment Payment Coupon 991087710 1 RT Orlando FL ~~320~~331,~~833~~527.3378 0.00 5.500% 991087691 2 OF Washington DC 324,000.00 0.00 5.760% 991087690 3 OF Chicago IL ~~251~~259,~~306~~683.2513 0.00 5.155% 991087711 4 RT Katy TX ~~306~~316,~~762~~987.5092 0.00 6.693% 991087692 5 RT Oak Brook IL 105,~~777~~648.9379 30,~~266~~396.9105 5.120% 991087663 6 RT Tredyffrin PA ~~100~~103,~~577~~817.7862 2320,~~256~~016.2339 5.630% 991087664 7 RT Encino CA 9396,~~354~~365.8748 2017,~~441~~431.8423 5.750% 991087734 8 MF Gainesville FL 96,~~126~~045.3218 13,~~870~~951.3145 7.020% 991087665 9 MF Rocklin CA 8486,~~033~~765.2583 108,~~857~~124.0547 7.330% 991087714 10 RT Sunset Valley TX 5961,~~901~~802.8759 1917,~~190~~289.2957 5.810% 991087666 11 IN Dayton NJ 2223,~~446~~149.9265 76,~~548~~846.9624 7.000% 991087666 12 IN Cleveland OH 13,~~457~~879.9021 4,~~525~~104.9361 7.000% 991087666 13 IN Cidra PR 13,~~025~~433.3310 43,~~380~~972.4568 7.000% 991087666 14 IN Bryan TX 8,~~682~~954.6648 2,~~920~~648.0018 7.000% 991087666 15 IN Valparaiso IN 67,~~946~~164.8432 2,~~336~~118.2476 7.000% 991087666 16 IN Toccoa GA 6,~~512~~716.6655 21,~~190~~986.2334 7.000% 991087672 17 OF Boca Raton FL 6062,~~994~~965.6217 1110,~~975~~005.6308 6.070% 991087712 18 MU Cranford NJ 5860,~~194~~074.0023 119,~~068~~188.9067 6.250% 991087715 19 MF Cincinnati OH 52,832.42 0.00 5.686% 991087735 20 RT Fontana CA 61,~~996~~941.3019 9,~~406~~461.7889 7.030% 991087736 21 OF Charlotte NC 63,~~837~~758.3179 1213,~~997~~075.0658 7.250% 991087716 22 RT Bellevue WA 5153,~~831~~480.8057 1513,~~435~~786.2649 5.940% 991087673 23 RT Apopka FL 4446,~~567~~005.8098 97,~~411~~973.8062 5.850% 991087674 24 RT Naples FL 3941,~~893~~177.3348 98,~~741~~457.3318 5.440% 991087693 25 IN Saline MI 53,~~160~~019.3544 20,~~570~~711.6556 8.220% 991087694 26 IN Saline MI 6,~~661~~641.7815 2,~~257~~277.2285 10.970% 991087675 27 RT Philadelphia PA 3940,~~060~~318.0048 97,~~056~~798.7527 5.580% 991087676 28 RT Santa Ana CA 4142,~~292~~625.7852 87,~~584~~251.4571 5.910% 991087695 29 RT Littleton CO 5456,~~635~~388.7903 108,~~071~~318.2197 7.950% 991087737 30 MU Minneapolis MN 42,~~947~~906.1523 7,~~565~~606.6961 6.490% 991087717 31 OF Wauwatosa WI 3738,~~116~~295.6232 1110,~~479~~300.3060 5.920% 991087738 32 MF Seattle WA 35,~~464~~426.3095 7,~~648~~685.0035 5.860% 991087739 33 IN El Cajon CA 40,~~565~~510.4055 9,~~778~~833.9984 6.730% 991087696 34 IN Marietta GA 36,~~257~~078.0623 29,~~762~~941.9477 7.210% 991087677 35 OF Meriden CT 2829,~~904~~838.0919 54,~~600~~666.8070 6.090% 991087718 36 MU Milford CT 2526,~~215~~028.3476 54,~~395~~581.2381 5.830% 991087719 37 RT Smyrna TN 20,~~251~~203.0210 6,~~676~~724.9183 8.612% 991087720 38 RT Gallatin TN 8,~~131~~347.5061 12,~~993~~777.7362 4.910% 991087678 39 OF Philadelphia PA 2324,~~500~~259.0016 43,~~678~~919.8771 6.000% 991087679 40 MF Tallahassee FL 2122,~~501~~194.5571 4,~~759~~066.2307 5.750% 991087697 41 IN Acworth GA 31,~~207~~123.0936 1112,~~960~~044.9164 8.400% 991087680 42 MF Tampa FL 2021,~~766~~431.6744 5,~~692~~027.7598 5.600% 991087698 43 IN Duluth GA 14,~~633~~555.3829 13,~~386~~464.5967 7.000% 991087698 44 IN Duluth GA 11,~~184~~124.4980 10,~~231~~291.5423 7.000% 991087681 45 IN Baltimore MD 2021,~~620~~276.6829 65,~~322~~666.1958 5.830% 991087682 46 MF Searcy AR 19,~~286~~908.6623 43,~~380~~758.0144 5.650% 991087713 47 LO Syosset NY 23,~~133~~874.7612 54,~~111~~371.9054 6.990% 991087721 48 OF Beverly Hills CA 19,~~354~~969.0350 5,~~749~~134.8942 5.990% 991087740 49 IN Gahanna OH 10,~~988~~950.6751 7,~~044~~082.6076 6.500% 991087740 50 IN Reynoldsburg OH 1,~~845~~839.9251 1,~~183~~189.3879 6.500% 991087740 51 IN Gahanna OH 1,~~497~~492.3919 ~~959~~965.9414 6.500% 991087743 52 OF Grove City OH 3,~~743~~730.50 2,~~399~~412.87 6.500% 991087743 53 OF Reynoldsburg OH 2,~~493~~484.5791 1,~~598~~607.5723 6.500% 991087700 54 IN Las Vegas NV 22,~~562~~498.4925 10,~~633~~697.5175 7.250% 991087722 55 OF Omaha NE 19,~~216~~828.9768 54,~~404~~793.8615 6.200% 991087723 56 OF Omaha NE 1819,~~448~~035.2953 54,~~188~~601.6743 6.200% 991087683 57 MU Alexandria VA 1920,~~756~~396.0369 32,~~074~~433.6296 6.750% 991087684 58 RT Madison WI 1718,~~686~~258.9328 32,~~477~~906.6934 6.080% 991087685 59 OF Cincinnati OH 1718,~~450~~013.0072 32,~~474~~910.3159 6.000% 991087701 60 MF Los Angeles CA 22,~~907~~881.5532 34,~~984~~010.2548 7.900% 991087686 61 IN Clifton NJ 1718,~~762~~314.0150 76,~~471~~919.8738 6.150% 991087724 62 MF Cincinnati OH 15,366.88 0.00 5.345% 991087745 63 RT Plainview NY 17,~~310~~272.7261 7,~~497~~535.2637 6.100% 991087725 64 MF Cincinnati OH 18,253.17 0.00 6.519% 991087702 65 RT Huntington Station NY 20,~~228~~163.7313 10,~~753~~819.6121 7.320% 991087703 66 RT Rowlett TX 19,~~962~~904.1302 9,~~552~~610.6677 7.300% 991087704 67 IN Clifton NJ 2120,~~094~~976.7528 18,~~391~~509.2572 7.730% 991087746 68 RT Brighton MI 17,~~041~~005.9306 7,~~078~~115.7057 6.250% 991087705 69 OF Portland OR 17,~~874~~843.9315 5,~~449~~480.0785 7.000% 991087726 70 MF Cincinnati OH 14,591.71 0.00 5.741% 991087747 71 MU St. George UT 18,~~512~~451.5857 910,~~961~~022.2021 7.350% 991087687 72 SS Hastings on Hudson NY 1617,~~500~~027.0058 3,~~944~~416.0749 6.600% 991087706 73 IN Anaheim CA 16,~~784~~753.9273 5,~~433~~464.0827 6.890% 991087748 74 MF Yuba City CA 14,~~823~~790.3586 6,~~289~~321.1463 6.200% 991087727 75 MF Cincinnati OH 13,112.38 0.00 5.521% 991087728 76 MF Cincinnati OH 13,582.63 0.00 5.719% 991087729 77 MU Naples FL 1314,~~612~~051.3041 2,~~906~~466.0594 5.850% 991087688 78 MF Orlando FL 17,~~081~~633.7826 2,~~819~~268.4800 7.380% 991087707 79 OF Buffalo Grove IL 16,~~191~~143.6362 8,~~230~~278.3738 7.000% 991087749 80 RT Boynton Beach FL 12,~~549~~521.5398 5,~~397~~424.2681 6.125% 991087730 81 RT Lakeland FL 12,~~331~~724.9684 3,~~411~~018.2133 6.190% 991087689 82 RT Lorain OH 11,~~263~~626.8273 2,~~576~~213.1221 5.660% 991087750 83 RT Houston TX 12,~~804~~771.5504 5,~~849~~883.5405 6.875% 991087751 84 RT Pearland TX 11,~~564~~539.0657 4,~~436~~460.1463 6.625% 991087752 85 RT Alexandria VA 11,~~922~~882.2201 7,~~044~~084.6485 6.850% 991087753 86 IN Katy TX 10,~~861~~819.9643 8,~~037~~080.8538 6.350% 991087731 87 MF Cincinnati OH 9,563.25 0.00 5.598% 991087754 88 MF Albuquerque NM 9,~~722~~665.6809 12,~~018~~076.8645 5.750% 991087755 89 OF Albuquerque NM 10,~~607~~520.8279 16,~~191~~278.2225 6.450% 991087732 90 RT Birmingham AL 910,~~861~~153.0426 76,~~037~~745.7149 6.020% 991087756 91 RT Fairfield Township OH 10,~~500~~478.6454 4,~~131~~153.5666 6.420% 991087757 92 RT Houston TX 11,~~054~~025.8215 5,~~178~~208.3906 6.875% 991087708 93 RT Kenosha WI 11,~~697~~651.7370 7,~~557~~603.1417 7.310% 991087758 94 IN Albuquerque NM 6,~~965~~930.4549 6,~~714~~749.1310 6.250% 991087758 95 IN Albuquerque NM 2,~~097~~087.5805 2,~~021~~032.8942 6.250% 991087760 96 OF Phoenix AZ 8,~~917~~898.5929 3,~~632~~651.3666 6.375% 991087761 97 IN Salt Lake City UT 9,~~781~~761.0623 3,~~399~~418.0285 7.000% 991087762 98 RT Plymouth MI 8,~~429~~411.0609 3,~~382~~400.6663 6.375% 991087763 99 RT Bremerton WA 7,~~489~~453.7788 7,~~489~~525.9988 5.750% 991087764 100 RT Waldorf MD 8,~~787~~758.7410 5,~~192~~222.5317 6.850% 991087765 101 OF Annandale VA 9,~~040~~009.0399 45,~~972~~002.4246 7.250% 991087766 102 MU Dallas TX 7,~~693~~666.8368 5,~~254~~282.8803 6.200% 991087767 103 RT Los Angeles CA 7,~~551~~524.2668 5,~~208~~234.1169 6.125% 991087768 104 MF Grand Forks ND 7,~~050~~025.9284 5,~~016~~041.2331 6.000% 991087709 105 IN Clifton NJ 98,~~040~~989.4063 7,~~882~~933.6037 7.730% 991087733 106 RT Ft. Wayne IN 6,~~557~~752.7008 4,~~985~~791.7436 5.640% 991087769 107 IN Westbury NY 6,~~464~~442.9520 4,~~526~~549.2702 6.030% 991087770 108 RT Elko NV 6,~~467~~427.4147 7,~~234~~274.7973 6.625% 991087771 109 RT Cleves OH 5,~~819~~807.9884 2,~~198~~211.9408 6.625% 991087772 110 RT Rio Rancho NM 5,~~235~~202.1649 6,~~533~~565.0168 6.000% 991087773 111 RT Woodbridge VA 5,~~853~~815.8876 6,~~776~~814.7789 6.750% 991087774 112 OF Phoenix AZ 5,~~507~~496.9201 2,~~243~~255.5243 6.375% 991087775 113 RT Chester VA 5,~~575~~563.2747 2,~~178~~190.6949 6.500% 991087776 114 OF Bartlett TN 5,~~155~~137.4766 3,~~418~~436.7657 6.250% 991087777 115 RT Oakland Park FL 5,~~119~~101.7677 3,~~454~~472.4746 6.250% 991087778 116 MF ~~Cold~~Col ~~Spring~~ KY 5,~~473~~462.1967 1,~~711~~721.2577 7.380% 991087779 117 RT Salt Lake City UT 4,~~389~~380.5909 1,~~823~~832.3080 6.250% 991087780 118 RT Mount Pleasant SC 4,~~066~~052.7051 2,~~780~~795.8302 6.125% 991087781 119 RT Annapolis MD 3,~~918~~904.1088 2,~~315~~328.1436 6.850% Totals 3,~~725~~792,~~787~~176.1779 ~~796~~759,~~954~~862.9710

Loan Anticipated Neg Beginning Ending Paid Number Repayment Maturity Amort Scheduled Scheduled Thru Date Date (Y/N) Balance Balance Date 991087710 N/A 04/09/2013 N 70,000,000.00 70,000,000.00 0708/09/2003 991087691 N/A 03/01/2013 N 67,500,000.00 67,500,000.00 0708/01/2003 991087690 N/A 01/01/2013 N 58,500,000.00 58,500,000.00 0708/01/2003 991087711 N/A 01/09/2013 N 55,000,000.00 55,000,000.00 0708/09/2003 991087692 N/A 10/01/2012 N 24,~~791~~761,~~701~~434.7079 24,~~761~~731,~~434~~038.7974 0708/01/2003 991087663 03/01/2013 04/01/2033 N 21,~~437~~414,~~536~~280.4623 21,~~414~~394,~~280~~263.2384 0708/01/2003 991087664 05/01/2013 06/01/2033 N 19,~~482~~462,~~755~~313.3753 19,~~462~~444,~~313~~882.5330 0708/01/2003 991087734 N/A 01/10/2013 N 16,~~431~~417,~~849~~978.1483 16,~~417~~404,~~978~~027.8338 0708/10/2003 991087665 02/01/2013 03/01/2033 N 13,~~757~~746,~~149~~292.2823 13,~~746~~738,~~292~~167.2376 0708/01/2003 991087714 N/A 11/05/2012 N 12,~~372~~352,~~159~~969.3506 12,~~352~~335,~~969~~679.0649 07/05/2003 991087666 03/01/2013 04/01/2023 N 3,~~848~~840,~~043~~494.8084 3,~~840~~833,~~494~~648.8460 07/01/2003 991087666 03/01/2013 04/01/2023 N 2,~~307~~302,~~067~~541.8895 2,~~302~~298,~~541~~437.9534 07/01/2003 991087666 03/01/2013 04/01/2023 N 2,~~232~~228,~~912~~532.8843 2,~~228~~224,~~532~~559.4374 07/01/2003 991087666 03/01/2013 04/01/2023 N 1,~~488~~485,~~455~~535.92 1,~~485~~482,~~535~~887.9273 07/01/2003 991087666 03/01/2013 04/01/2023 N 1,~~190~~188,~~886~~550.9470 1,~~188~~186,~~550~~431.7093 07/01/2003 991087666 03/01/2013 04/01/2023 N 1,~~116~~114,~~455~~265.9471 1,~~114~~112,~~265~~279.7137 07/01/2003 991087672 04/01/2013 05/01/2033 N 12,~~058~~046,~~243~~268.6401 12,~~046~~036,~~268~~262.0193 0708/01/2003 991087712 N/A 11/01/2012 N 11,~~173~~162,~~248~~179.1525 11,~~162~~152,~~179~~990.2558 0708/01/2003 991087715 N/A 01/05/2013 N 11,150,000.00 11,150,000.00 07/05/2003 991087735 N/A 05/10/2012 N 10,~~582~~573,~~583~~176.1739 10,~~573~~563,~~176~~714.3950 0708/10/2003 991087736 N/A 01/10/2013 N 10,~~566~~553,~~176~~179.1812 10,~~553~~540,~~179~~103.1254 0708/10/2003 991087716 N/A 04/01/2013 N 10,~~471~~455,~~070~~634.2296 10,~~455~~441,~~634~~848.9647 07/01/2003 991087673 N/A 05/01/2013 N 9,~~142~~132,~~113~~701.5272 9,~~132~~124,~~701~~728.7210 0708/01/2003 991087674 06/01/2013 07/01/2033 N 8,~~800~~790,~~000~~258.0067 8,~~790~~781,~~258~~801.6749 0708/01/2003 991087693 N/A 01/01/2019 N 7,~~760~~740,~~635~~064.3368 7,~~740~~719,~~064~~353.6812 0708/01/2003 991087694 N/A 01/01/2016 N ~~728,727.32~~ 726,470.10 07724,192.25 08/01/2003 991087675 06/01/2013 07/01/2033 N 8,~~400~~390,~~000~~943.0025 8,~~390~~383,~~943~~144.2598 0708/01/2003 991087676 04/01/2013 05/01/2033 N 8,~~384~~375,~~321~~736.2580 8,~~375~~368,~~736~~485.8009 0708/01/2003 991087695 N/A 12/01/2010 N 8,~~246~~236,~~911~~839.0988 8,~~236~~228,~~839~~520.8891 0708/01/2003 991087737 N/A 10/10/2012 N 7,~~940~~933,~~921~~355.3768 7,~~933~~925,~~355~~749.68 07 08/10/2003 991087717 N/A 11/05/2009 N 7,~~523~~512,~~639~~160.5020 7,~~512~~501,~~160~~859.2060 07/05/2003 991087738 N/A 01/10/2013 N 7,~~262~~254,~~313~~665.89 7,~~254~~246,~~665~~980.8954 07/10/2003 991087739 N/A 11/10/2012 N 7,~~233~~223,~~057~~278.1920 7,~~223~~213,~~278~~444.2036 07/10/2003 991087696 N/A 07/01/2014 N 6,~~034~~004,~~461~~698.6268 65,~~004~~974,~~698~~756.6891 0708/01/2003 991087677 05/01/2013 06/01/2033 N 5,~~695~~689,~~386~~786.8606 5,~~689~~685,~~786~~119.0636 0708/01/2003 991087718 N/A 04/01/2013 N 5,~~190~~184,~~121~~725.0380 5,~~184~~180,~~725~~143.8099 07/01/2003 991087719 N/A 09/15/2019 N 2,~~821~~814,~~671~~995.9605 2,~~814~~808,~~995~~270.0522 07/15/2003 991087720 N/A 05/15/2013 N 1,~~987~~974,~~330~~337.8815 1,~~974~~961,~~337~~559.1553 07/15/2003 991087678 N/A 06/01/2013 N 4,~~700~~695,~~000~~321.0013 4,~~695~~691,~~321~~401.1342 0708/01/2003 991087679 N/A 03/01/2013 N 4,~~487~~482,~~280~~521.5532 4,~~482~~478,~~521~~455.3225 0708/01/2003 991087697 N/A 10/01/2018 N 4,~~458~~446,~~155~~194.6978 4,~~446~~434,~~194~~150.7814 0708/01/2003 991087680 N/A 06/01/2013 N 4,~~450~~444,~~000~~307.0025 4,~~444~~439,~~307~~279.2527 0708/01/2003 991087698 N/A 01/01/2014 YN 2,~~508~~495,~~579~~193.7920 2,~~495~~481,~~193~~728.2053 0708/01/2003 991087698 N/A 01/01/2014 YN 1,~~917~~907,~~340~~109.8430 1,~~907~~896,~~109~~818.30 07 08/01/2003 991087681 N/A 05/01/2013 N 4,~~244~~238,~~393~~071.3112 4,~~238~~232,~~071~~404.1254 0708/01/2003 991087682 N/A 05/01/2013 N 4,~~096~~091,~~280~~900.9796 4,~~091~~088,~~900~~142.9652 0708/01/2003 991087713 N/A 12/01/2012 N 3,~~971~~966,~~461~~349.6474 3,~~966~~961,~~349~~978.7420 0708/01/2003 991087721 N/A 02/05/2013 N 3,~~877~~871,~~267~~517.8192 3,~~871~~866,~~517~~383.9250 07/05/2003 991087740 N/A 12/01/2017 YN 2,~~028~~021,~~676~~632.7313 2,~~021~~014,~~632~~549.1337 0708/01/2003 991087740 N/A 12/01/2017 YN ~~340,784.95~~ 339,601.57 07338,411.78 08/01/2003 991087740 N/A 12/01/2017 YN ~~276,440.96~~ 275,481.02 07274,515.87 08/01/2003 991087743 N/A 12/01/2017 YN ~~691,106.78~~ 688,706.91 07686,294.03 08/01/2003 991087743 N/A 12/01/2017 YN ~~460,350.86~~ 458,752.29 07457,145.06 08/01/2003 991087700 N/A 03/01/2006 N 3,~~734~~723,~~481~~847.0554 3,~~723~~713,~~847~~149.5479 07/01/2003 991087722 N/A 12/01/2012 N 3,~~719~~714,~~413~~008.3549 3,~~714~~709,~~008~~215.4934 07/01/2003 991087723 N/A 12/01/2012 N 3,~~570~~565,~~636~~448.8013 3,~~565~~560,~~448~~846.1370 07/01/2003 991087683 N/A 03/01/2013 N 3,~~512~~509,~~183~~108.2563 3,~~509~~506,~~108~~674.6367 0708/01/2003 991087684 03/01/2013 04/01/2033 N 3,~~490~~487,~~841~~363.0637 3,~~487~~484,~~363~~457.3703 0708/01/2003 991087685 N/A 06/01/2013 N 3,~~490~~486,~~000~~525.0069 3,~~486~~483,~~525~~615.6910 0708/01/2003 991087701 N/A 08/01/2007 N 3,~~479~~475,~~627~~643.3510 3,~~475~~471,~~643~~632.1062 0708/01/2003 991087686 N/A 04/01/2013 N 3,~~465~~458,~~757~~285.5669 3,~~458~~451,~~285~~366.6931 0708/01/2003 991087724 N/A 01/05/2013 N 3,450,000.00 3,450,000.00 07/05/2003 991087745 N/A 02/01/2023 N 3,~~405~~397,~~388~~890.2498 3,~~397~~390,~~890~~355.9861 0708/01/2003 991087725 N/A 01/05/2013 N 3,360,000.00 3,360,000.00 07/05/2003 991087702 N/A 12/01/2017 N 3,~~316~~305,~~185~~431.4584 3,~~305~~294,~~431~~612.8463 0708/01/2003 991087703 N/A 12/01/2018 N 3,~~281~~271,~~446~~893.2862 3,~~271~~262,~~893~~282.6285 0708/01/2003 991087704 N/A 05/01/2008 N 3,~~274~~256,~~735~~344.3106 3,~~256~~237,~~344~~834.0634 0708/01/2003 991087746 N/A 02/01/2023 N 3,~~272~~264,~~050~~971.0636 3,~~264~~257,~~971~~855.3679 0708/01/2003 991087705 N/A 04/01/2008 N 3,~~064~~058,~~274~~825.0801 3,~~058~~053,~~825~~344.0116 0708/01/2003 991087726 N/A 01/05/2013 N 3,050,000.00 3,050,000.00 07/05/2003 991087747 N/A 10/01/2017 N 3,~~022~~012,~~462~~501.7959 3,~~012~~002,~~501~~479.5938 0708/01/2003 991087687 N/A 06/01/2013 N 32,~~000~~996,~~000~~055.0093 2,~~996~~992,~~055~~639.9344 08/01/2003 991087706 N/A 12/01/2008 N 2,~~923~~917,~~354~~920.0092 2,~~917~~912,~~920~~456.9265 0708/01/2003 991087748 N/A 01/01/2023 N 2,~~869~~862,~~035~~746.9177 2,~~862~~856,~~746~~425.7714 0708/01/2003 991087727 N/A 01/05/2013 N 2,850,000.00 2,850,000.00 07/05/2003 991087728 N/A 01/05/2013 N 2,850,000.00 2,850,000.00 07/05/2003 991087729 N/A 03/01/2013 N 2,~~792~~789,~~266~~360.9994 2,~~789~~786,~~360~~894.9400 07/01/2003 991087688 N/A 08/01/2017 N 2,~~777~~774,~~525~~706.9042 2,~~774~~772,~~706~~438.42 0708/01/2003 991087707 N/A 01/01/2009 N 2,~~775~~767,~~708~~478.3902 2,~~767~~759,~~478~~199.0264 0708/01/2003 991087749 N/A 02/01/2023 N 2,~~458~~453,~~683~~286.6640 2,~~453~~447,~~286~~861.4059 07/01/2003 991087730 N/A 03/01/2013 N 2,~~390~~387,~~686~~275.7655 2,~~387~~384,~~275~~257.5522 07/01/2003 991087689 03/01/2013 04/01/2033 N 2,~~388~~385,~~089~~513.3119 2,~~385~~383,~~513~~299.1998 0708/01/2003 991087750 N/A 05/01/2020 N 2,~~234~~229,~~975~~126.6612 2,~~229~~223,~~126~~243.12 07 08/01/2003 991087751 N/A 11/01/2022 N 2,~~094~~090,~~621~~185.5541 2,~~090~~085,~~185~~724.4178 0708/01/2003 991087752 N/A 12/01/2017 N 2,~~088~~081,~~563~~519.9329 2,~~081~~074,~~519~~434.2944 0708/01/2003 991087753 N/A 12/01/2016 N 2,~~052~~044,~~653~~615.6580 2,~~044~~036,~~615~~535.8042 0708/01/2003 991087731 N/A 01/05/2013 N 2,050,000.00 2,050,000.00 07/05/2003 991087754 N/A 10/01/2013 N 2,~~029~~017,~~080~~062.9610 2,~~017~~004,~~062~~985.1065 0708/01/2003 991087755 N/A 04/01/2011 N 1,~~973~~957,~~547~~356.9270 1,~~957~~941,~~356~~078.7045 0708/01/2003 991087732 N/A 01/01/2018 N 1,~~965~~958,~~656~~618.4170 1,~~958~~951,~~618~~873.7021 07/01/2003 991087756 N/A 03/01/2018 N 1,~~962~~958,~~736~~605.7822 1,~~958~~954,~~605~~451.2256 0708/01/2003 991087757 N/A 02/01/2020 N 1,~~929~~924,~~567~~389.8748 1,~~924~~919,~~389~~181.4842 0708/01/2003 991087708 N/A 04/01/2016 N 1,~~920~~912,~~284~~727.3117 1,~~912~~905,~~727~~124.1700 0708/01/2003 991087758 N/A 11/01/2014 YN 1,~~337~~330,~~367~~653.3522 1,~~330~~323,~~653~~904.2211 0708/01/2003 991087758 N/A 11/01/2014 YN ~~402,734.81~~ 400,712.92 07398,680.49 08/01/2003 991087760 N/A 12/01/2012 N 1,~~678~~674,~~605~~973.4105 1,~~674~~671,~~973~~321.0539 0708/01/2003 991087761 N/A 11/01/2012 N 1,~~676~~673,~~752~~353.4341 1,~~673~~669,~~353~~934.4156 0708/01/2003 991087762 N/A 02/01/2013 N 1,~~586~~583,~~647~~264.1953 1,~~583~~579,~~264~~863.5390 0708/01/2003 991087763 N/A 01/01/2013 N 1,~~563~~555,~~082~~592.4344 1,~~555~~548,~~592~~066.4456 0708/01/2003 991087764 N/A 12/01/2017 N 1,~~539~~534,~~457~~265.9239 1,~~534~~529,~~265~~043.3922 0708/01/2003 991087765 N/A 10/01/2017 N 1,~~496~~491,~~280~~308.7129 1,~~491~~486,~~308~~305.2983 0708/01/2003 991087766 N/A 01/01/2018 N 1,~~489~~483,~~127~~873.9810 1,~~483~~478,~~873~~591.10 07 08/01/2003 991087767 N/A 02/01/2018 N 1,~~479~~474,~~430~~222.7059 1,~~474~~468,~~222~~987.5990 0708/01/2003 991087768 N/A 02/01/2018 N 1,~~410~~405,~~183~~167.3916 1,~~405~~400,~~167~~125.1685 0708/01/2003 991087709 N/A 05/01/2008 N 1,~~403~~395,~~426~~543.1454 1,~~395~~387,~~543~~610.5417 0708/01/2003 991087733 N/A 05/05/2018 N 1,~~395~~390,~~255~~270.8915 1,~~390~~385,~~270~~478.1579 07/05/2003 991087769 N/A 03/01/2018 N 1,~~286~~282,~~556~~030.5124 1,~~282~~277,~~030~~481.2422 0708/01/2003 991087770 N/A 02/01/2013 N 1,~~171~~164,~~455~~221.9112 1,~~164~~156,~~221~~946.1239 0708/01/2003 991087771 N/A 01/01/2023 N 1,~~054~~051,~~185~~986.0814 1,~~051~~049,~~986~~775.1406 07/01/2003 991087772 N/A 04/01/2013 N 1,~~047~~040,~~031~~498.3231 1,~~040~~033,~~498~~932.3163 0708/01/2003 991087773 N/A 09/10/2012 N 1,~~040~~033,~~689~~912.6588 1,~~033~~027,~~912~~097.8899 07/10/2003 991087774 N/A 12/01/2012 N 1,~~036~~034,~~785~~542.6917 1,~~034~~032,~~542~~286.1774 0708/01/2003 991087775 N/A 01/01/2023 N 1,~~029~~027,~~281~~102.3869 1,~~027~~024,~~102~~912.6920 0708/01/2003 991087776 N/A 03/01/2018 N ~~989,849.62~~ 986,430.86 07982,994.29 08/01/2003 991087777 N/A 01/01/2018 N ~~982,994.29~~ 979,539.82 07976,067.36 08/01/2003 991087778 N/A 12/01/2017 N ~~889,949.95~~ 888,238.70 07886,516.93 08/01/2003 991087779 N/A 02/01/2013 N ~~842,800.76~~ 840,977.46 07839,144.66 08/01/2003 991087780 N/A 03/01/2018 N ~~796,741.97~~ 793,961.14 791,166.12 07/01/2003 991087781 N/A 12/01/2017 N ~~686,382.52~~ 684,067.38 07681,739.02 08/01/2003 Totals ~~727~~726,~~767~~970,~~609~~654.3033 726,~~970~~210,~~654~~792.3316 Appraisal Appraisal Res Mod Reduction Reduction Strat. Code Date Amount (2) (3) Totals 0.00 (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

Principal Prepayment Detail No Principal Prepayments this Period

Historical Detail Delinquencies Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure REO Modifications Date # Balance # Balance # Balance # Balance # Balance # Balance 08/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 07/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00

Prepayments Distribution Curtailments Payoff Date # Amount # Amount 08/15/2003 0 $0.00 0 $0.00 07/15/2003 0 $0.00 0 $0.00

Rate and Maturities Distribution Next Weighted Avg. WAM Date Coupon Remit 08/15/2003 6.142518% 6.059829% 120 07/15/2003 6.142944% 6.060206% 121 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

Delinquency Loan Detail Offering # of Current Outstanding Status of Loan Number Document Months Paid Through P & I P & I Mortgage Cross-Reference Delinq. Date Advances Advances** Loan (1) 991087714 10 0 07/05/2003 0.00 0.00 B 991087666 11 0 07/01/2003 0.00 0.00 B 991087666 12 0 07/01/2003 0.00 0.00 B 991087666 13 0 07/01/2003 0.00 0.00 B 991087666 14 0 07/01/2003 0.00 0.00 B 991087666 15 0 07/01/2003 0.00 0.00 B 991087666 16 0 07/01/2003 0.00 0.00 B 991087715 19 0 07/05/2003 0.00 0.00 B 991087716 22 0 07/01/2003 0.00 0.00 B 991087717 31 0 07/05/2003 0.00 0.00 B 991087718 36 0 07/01/2003 0.00 0.00 B 991087721 48 0 07/05/2003 0.00 0.00 B 991087700 54 0 07/01/2003 0.00 0.00 B 991087722 55 0 07/01/2003 0.00 0.00 B 991087723 56 0 07/01/2003 0.00 0.00 B 991087724 62 0 07/05/2003 0.00 0.00 B 991087725 64 0 07/05/2003 0.00 0.00 B 991087726 70 0 07/05/2003 0.00 0.00 B 991087727 75 0 07/05/2003 0.00 0.00 B 991087728 76 0 07/05/2003 0.00 0.00 B 991087729 77 0 07/01/2003 0.00 0.00 B 991087749 80 0 07/01/2003 0.00 0.00 B 991087730 81 0 07/01/2003 0.00 0.00 B 991087731 87 0 07/05/2003 0.00 0.00 B 991087732 90 0 07/01/2003 0.00 0.00 B 991087733 106 0 07/05/2003 0.00 0.00 B 991087771 109 0 07/01/2003 0.00 0.00 B 991087780 118 0 07/01/2003 0.00 0.00 B Totals 28 0.00 0.00

Resolution Actual Outstanding Loan Number Strategy Servicing Foreclosure Principal Servicing Bankruptcy REO Code (2) Transfer Date Date Balance Advances 991087714 12,352,969.06 0.00 991087666 3,840,494.84 0.00 991087666 2,302,541.95 0.00 991087666 2,228,532.43 0.00 991087666 1,485,535.92 0.00 991087666 1,188,550.70 0.00 991087666 1,114,265.71 0.00 991087715 11,150,000.00 0.00 991087716 10,455,634.96 0.00 991087717 7,512,160.20 0.00 991087718 5,184,725.80 0.00 991087721 3,871,517.92 0.00 991087700 3,723,847.54 0.00 991087722 3,714,008.49 0.00 991087723 3,565,448.13 0.00 991087724 3,450,000.00 0.00 991087725 3,360,000.00 0.00 991087726 3,050,000.00 0.00 991087727 2,850,000.00 0.00 991087728 2,850,000.00 0.00 991087729 2,789,360.94 0.00 991087749 2,453,286.40 0.00 991087730 2,387,275.55 0.00 991087731 2,050,000.00 0.00 991087732 1,958,618.70 0.00 991087733 1,390,270.15 0.00 991087771 1,051,986.14 0.00 991087780 793,961.14 0.00 Totals 104,124,992.67 0.00

Totals by Delinquency Code: Current Outstanding Actual Outstanding P&I P & I Principal Servicing Advances Advances Balance Advances ~~Total for Status Code = B (28 Loans) 0.00 0.00 104,124,992.67 0.00~~

(1) Status of Mortgage Loan A- Payment Not Received But Still in Grace Period B- Late Payment But Less Than 1 Month Delinquent 0- Current 1- One Month Delinquent 2- Two Months Delinquent 3- Three Or More Months Delinquent 4- Assumed Scheduled Payment (Performing Matured Balloon) 7- Foreclosure 9- REO (2) Resolution Strategy Code 1- Modification 2- Foreclosure 3- Bankruptcy 4- Extension 5- Note Sale 6- DPO 7- REO 8- Resolved 9- Pending Return to Master Servicer 10- Deed In Lieu Of Foreclosure 11- Full Payoff 12- Reps and Warranties 13- Other or TBD ** Outstanding P & I Advances include the current period advance. Specially Serviced Loan Detail - Part 1 No Specially Serviced Loans this Period Specially Serviced Loan Detail - Part 2 No Specially Serviced Loans this Period Modified Loan Detail No Modified Loans Liquidated Loan Detail No Liquidated Loans this Period

Filing Compare · MORGAN STANLEY CAPITAL I TRUST 2003-IQ4