8-K 1 mdc03hq2_sep.txt SEPTEMBER 8K 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 : September 12, 2003 (Date of earliest event reported) Commission File No.: 333-83986-17 Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates, Series 2003-HQ2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) Pending (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 September 12, 2003 a distribution was made to holders of Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates, Series 2003-HQ2. 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-HQ2 relating to the September 12, 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 Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2003-HQ2 By: Wells Fargo Bank Minnesota, N.A., as Paying Agent By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: September 12, 2003 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates Series 2003-HQ2, relating to the September 12, 2003 distribution. Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045 Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2003-HQ2 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 09/12/2003 Record Date: 08/29/2003 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 - 12 Principal Prepayment Detail 13 Historical Detail 14 Delinquency Loan Detail 15 Specially Serviced Loan Detail 16 - 17 Modified Loan Detail 18 Liquidated Loan Detail 19 Depositor Morgan Stanley Dean Witter Capital I Inc. 1585 Broadway New York, NY 10036 Contact: General Information Number Phone Number : (212) 761-4700 Master Servicer Wells Fargo Bank, National Association 45 Fremont Street, 2nd Floor investorreporting@wellsfargo.com San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: Special Servicer Wells Fargo Bank, National Association 45 Fremont Street, 2nd Floor investorreporting@wellsfargo.com San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: 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 61746WD31 4.180000% 248,633,000.00 ~~246~~245,~~127~~526,~~115~~179.7128 ~~600~~604,~~936~~205.4394 A-2 61746WD49 4.920000% 522,232,000.00 522,232,000.00 0.00 B 61746WD56 5.040000% 39,591,000.00 39,591,000.00 0.00 C 61746WD64 5.150000% 41,920,000.00 41,920,000.00 0.00 D 61746WD72 5.240000% 9,316,000.00 9,316,000.00 0.00 E 61746WE22 5.680000% 9,315,000.00 9,315,000.00 0.00 F 61746WE30 6.~~008071~~008136% 10,480,000.00 10,480,000.00 0.00 G 61746WE48 6.~~498071~~498136% 8,151,000.00 8,151,000.00 0.00 H 61746WE55 6.030000% 13,974,000.00 13,974,000.00 0.00 J 61746WE63 6.030000% 5,822,000.00 5,822,000.00 0.00 K 61746WE71 6.030000% 2,329,000.00 2,329,000.00 0.00 L 61746WE89 6.030000% 2,329,000.00 2,329,000.00 0.00 M 61746WE97 6.030000% 4,658,000.00 4,658,000.00 0.00 N 61746WF21 6.030000% 2,329,000.00 2,329,000.00 0.00 O 61746WF39 6.030000% 10,480,154.96 10,480,154.96 0.00 R-I N/A 0.000000% 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 R-III N/A 0.000000% 0.00 0.00 0.00 Totals 931,559,154.96 ~~929~~928,~~053~~452,~~270~~334.6724 ~~600~~604,~~936~~205.4394

Class CUSIP Interest Prepayment Realized Loss/ Total Current Distribution Penalties Additional Trust Distribution Ending Balance Subordination Fund Expenses Level(1) A-1 61746WD31 ~~857~~855,~~342~~249.7952 0.00 0.00 1,~~458~~459,~~279~~455.2246 ~~245~~244,~~526~~921,~~179~~973.2834 17.3132% A-2 61746WD49 2,141,151.20 0.00 0.00 2,141,151.20 522,232,000.00 17.3132% B 61746WD56 166,282.20 0.00 0.00 166,282.20 39,591,000.00 13.0405% C 61746WD64 179,906.67 0.00 0.00 179,906.67 41,920,000.00 8.53% D 61746WD72 40,679.87 0.00 0.00 40,679.87 9,316,000.00 7.53% E 61746WE22 44,091.00 0.00 0.00 44,091.00 9,315,000.00 6.5253% F 61746WE30 52,~~470~~471.4906 0.00 0.00 52,~~470~~471.4906 10,480,000.00 5.3940% G 61746WE48 44,138.1559 0.00 0.00 44,138.1559 8,151,000.00 4.52% H 61746WE55 70,219.35 0.00 0.00 70,219.35 13,974,000.00 3.01% J 61746WE63 29,255.55 0.00 0.00 29,255.55 5,822,000.00 2.38% K 61746WE71 11,703.23 0.00 0.00 11,703.23 2,329,000.00 2.13% L 61746WE89 11,703.23 0.00 0.00 11,703.23 2,329,000.00 1.88% M 61746WE97 23,406.45 0.00 0.00 23,406.45 4,658,000.00 1.38% N 61746WF21 11,703.23 0.00 0.00 11,703.23 2,329,000.00 1.13% O 61746WF39 52,662.78 0.00 0.00 52,662.78 10,480,154.96 0.00% R-I N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-II N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-III N/A 0.00 0.00 0.00 0.00 0.00 0.00% Totals 3,~~736~~734,~~716~~623.1993 0.00 0.00 4,~~337~~338,~~652~~829.6287 ~~928~~927,~~452~~848,~~334~~128.2430

Original Beginning Pass-Through Notional Notional Class CUSIP Rate Amount Amount XXX-1 61746WD80 0.~~052668~~051141% 931,559,154.96 ~~929~~928,~~053~~452,~~270~~334.6724 X-2 61746WD98 1.~~754748~~754816% 904,790,000.00 904,790,000.00

Ending Interest Prepayment Total Notional Class CUSIP Distribution Penalties Distribution Amount X-1 61746WD80 4039,~~776~~567.3996 0.00 4039,~~776~~567.3996 ~~928~~927,~~452~~848,~~334~~128.2430 X-2 61746WD98 1,323,~~065~~116.1895 0.00 1,323,~~065~~116.1895 904,790,000.00 (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 61746WD31 ~~989~~987.~~92135280~~50439113 2.~~41696167~~43011161 3.~~44822606~~43980694 0.00000000 0.00000000 ~~987~~985.~~50439113~~07427952 A-2 61746WD49 1,000.00000000 0.00000000 4.10000000 0.00000000 0.00000000 1,000.00000000 B 61746WD56 1,000.00000000 0.00000000 4.20000000 0.00000000 0.00000000 1,000.00000000 C 61746WD64 1,000.00000000 0.00000000 4.29166675 0.00000000 0.00000000 1,000.00000000 D 61746WD72 1,000.00000000 0.00000000 4.36666702 0.00000000 0.00000000 1,000.00000000 E 61746WE22 1,000.00000000 0.00000000 4.73333333 0.00000000 0.00000000 1,000.00000000 F 61746WE30 1,000.00000000 0.00000000 5.~~00672615~~00678053 0.00000000 0.00000000 1,000.00000000 G 61746WE48 1,000.00000000 0.00000000 5.~~41505950~~41511348 0.00000000 0.00000000 1,000.00000000 H 61746WE55 1,000.00000000 0.00000000 5.02500000 0.00000000 0.00000000 1,000.00000000 J 61746WE63 1,000.00000000 0.00000000 5.02500000 0.00000000 0.00000000 1,000.00000000 K 61746WE71 1,000.00000000 0.00000000 5.02500215 0.00000000 0.00000000 1,000.00000000 L 61746WE89 1,000.00000000 0.00000000 5.02500215 0.00000000 0.00000000 1,000.00000000 M 61746WE97 1,000.00000000 0.00000000 5.02500000 0.00000000 0.00000000 1,000.00000000 N 61746WF21 1,000.00000000 0.00000000 5.02500215 0.00000000 0.00000000 1,000.00000000 O 61746WF39 1,000.00000000 0.00000000 5.02500013 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

Beginnning Ending Notional Interest Prepayment Notional Class CUSIP Amount Distribution Penalties Amount X-1 61746WD80 ~~997~~996.~~31001056~~66492385 0.~~04377220~~04247498 0.00000000 996.~~66492385~~01632742 X-2 61746WD98 1,000.00000000 1.~~46228979~~46234701 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding 21,~~441~~381,~~833~~420.4047 Servicing Advances Outstanding 0.00 Reimbursement for Interest on Advances 0.00 paid from general collections

Servicing Fee Summary Current Period Accrued Servicing Fees 28,~~461~~441.2294 Less Delinquent Servicing Fees 139,~~981~~311.9484 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 913,~~206~~981.9194 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 2333,~~686~~112.1904

Certificate Interest Reconciliation Class Accrued Net Aggregate Previously Distributable Distributable Certificate Prepayment Realized Unpaid Interest Certificate Certificate Remaining Interest Interest Losses/ (including Interest Interest Interest Unpaid Shortfall Expense Losses interest thereon) Adjustment Distribution Interest A-1 ~~857~~855,~~342~~249.7952 0.00 0.00 0.00 ~~857~~855,~~342~~249.7952 0.00 ~~857~~855,~~342~~249.7952 0.00 A-2 2,141,151.20 0.00 0.00 0.00 2,141,151.20 0.00 2,141,151.20 0.00 X-1 4039,~~776~~567.3996 0.00 0.00 0.00 4039,~~776~~567.3996 0.00 4039,~~776~~567.3996 0.00 X-2 1,323,~~065~~116.1895 0.00 0.00 0.00 1,323,~~065~~116.1895 0.00 1,323,~~065~~116.1895 0.00 B 166,282.20 0.00 0.00 0.00 166,282.20 0.00 166,282.20 0.00 C 179,906.67 0.00 0.00 0.00 179,906.67 0.00 179,906.67 0.00 D 40,679.87 0.00 0.00 0.00 40,679.87 0.00 40,679.87 0.00 E 44,091.00 0.00 0.00 0.00 44,091.00 0.00 44,091.00 0.00 F 52,~~470~~471.4906 0.00 0.00 0.00 52,~~470~~471.4906 0.00 52,~~470~~471.4906 0.00 G 44,138.1559 0.00 0.00 0.00 44,138.1559 0.00 44,138.1559 0.00 H 70,219.35 0.00 0.00 0.00 70,219.35 0.00 70,219.35 0.00 J 29,255.55 0.00 0.00 0.00 29,255.55 0.00 29,255.55 0.00 K 11,703.23 0.00 0.00 0.00 11,703.23 0.00 11,703.23 0.00 L 11,703.23 0.00 0.00 0.00 11,703.23 0.00 11,703.23 0.00 M 23,406.45 0.00 0.00 0.00 23,406.45 0.00 23,406.45 0.00 N 11,703.23 0.00 0.00 0.00 11,703.23 0.00 11,703.23 0.00 O 52,662.78 0.00 0.00 0.00 52,662.78 0.00 52,662.78 0.00 Total 5,~~100~~097,~~557~~308.7684 0.00 0.00 0.00 5,~~100~~097,~~557~~308.7684 0.00 5,~~100~~097,~~557~~308.7684 0.00

Other Required Information Available Distribution Amount (1) 5,701,~~494~~514.1978 Principal Distribution Amount ~~600~~604,~~936~~205.4394 (a) Principal portion of Scheduled Payments ~~600~~604,~~936~~205.4394 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 55.00 Aggregate Unpaid Principal Balance of the Mortgage Loans ~~928~~927,~~559~~945,~~488~~621.3220 Aggregate Scheduled Principal Balance of the Mortgage Loans ~~928~~927,~~452~~848,~~334~~128.2430 Interest Reserve Account Deposits 0.00 Withdrawals 0.00 Total Servicing and Special Servicing Fee Paid 2333,~~686~~112.1904 Servicing Fee paid 2333,~~686~~112.1904 Special Servicing Fee paid 0.00 Trustee Fee Paid 668.5209 Paying Agent Fee Paid 1,~~321~~320.1328 Expense Losses (1Additional Trust Fund Expenses) ~~The~~0.00 ~~Available~~(i) ~~Distribution~~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 ~~includes~~of any ~~Prepayment~~Advance ~~Premiums~~not Recovered 0.00 upon a Final Recovery Determination

Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 5,~~131~~127,~~008~~739.6312 Interest reductions due to Nonrecoverability Determinations 0.00 Interest Adjustments 0.00 Deferred Interest 0.00 Net Prepayment Interest Shortfall 0.00 Net Prepayment Interest Excess 0.00 Extension Interest 0.00 Interest Reserve Withdrawal 0.00 Total Interest Collected 5,~~131~~127,~~008~~739.6312 Principal: Scheduled Principal ~~600~~604,~~936~~205.4394 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 ~~600~~604,~~936~~205.4394 Other: Prepayment Penalties/Yield Maintenance 0.00 Repayment Fees 0.00 Borrower Option Extension Fees 0.00 Equity Payments Received 0.00 Net Swap Counterparty Payments Received 0.00 Total Other Collected: 0.00 Total Funds Collected 5,731,945.06 Total Funds Distributed Fees: Master Servicing Fee 28,~~461~~441.2294 Trustee Fee 668.5209 Certificate Administration Fee 1,~~321~~320.1328 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 30,~~450~~430.8832 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 5,~~100~~097,~~557~~308.7684 Principal Distribution ~~600~~604,~~936~~205.4394 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 5,701,~~494~~514.1978 Total Funds Distributed 5,731,945.0710

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 3 6,~~352~~347,~~740~~026.1301 0.68 ~~112~~111 6.1529 1.~~580495~~580519 2,500,001 to 3,000,000 4 11,~~434~~424,~~420~~557.4220 1.23 ~~114~~113 6.0113 1.~~477883~~477882 3,000,001 to 4,000,000 6 20,~~712~~692,~~332~~827.4411 2.23 ~~114~~113 6.~~0068~~0067 1.~~422621~~422619 4,000,001 to 5,000,000 2 9,~~202~~195,~~711~~250.5210 0.99 ~~110~~109 6.3439 1.~~535165~~535166 5,000,001 to 7,500,000 13 82,~~846~~773,~~367~~233.7483 8.92 ~~115~~114 6.0770 1.465792 7,500,001 to 10,000,000 6 53,~~319~~270,~~218~~447.8636 5.74 ~~101~~100 6.~~4134~~4135 1.~~426911~~426919 10,000,001 to 15,000,000 2 23,~~864~~843,~~678~~485.5006 2.57 ~~112~~111 5.9412 1.~~379094~~379095 15,000,001 to 20,000,000 7 122,~~433~~354,~~391~~679.8165 13.19 ~~100~~99 6.1538 1.~~670819~~670974 20,000,001 to 30,000,000 5 122,~~509~~427,~~881~~607.3413 13.2019 ~~111~~110 6.~~3554~~3555 1.~~712336~~712376 30,000,001 to 40,000,000 1 35,000,000.00 3.77 ~~113~~112 6.8527 1.930000 40,000,001 to 50,000,000 3 134,~~680~~525,~~301~~291.3724 14.5150 8180 7.~~4042~~4038 1.~~353122~~353118 50,000,001 to 75,000,000 0 0.00 0.00 0 0.0000 0.000000 75,000,001 to 100,000,000 2 ~~176~~175,~~096~~993,~~290~~723.1161 18.97 ~~112~~111 5.~~9507~~9512 1.~~784376~~784314 100,000,001 and greater 1 130,000,000.00 14.0001 ~~113~~112 6.8527 1.930000 Totals 55 ~~928~~927,~~452~~848,~~334~~128.2430 100.00 ~~106~~105 6.4469 1.~~648135~~648216

State(3) # of Scheduled % of Weighted State Props. Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Arizona 5 40,~~279~~243,~~048~~842.9889 4.34 ~~114~~113 5.9364 1.~~496333~~496331 California 8 58,~~806~~751,~~298~~825.1236 6.33 ~~114~~113 5.8539 1.503434 Colorado 4 10,~~955~~947,~~047~~446.1785 1.18 ~~106~~105 7.1646 1.~~329397~~329404 Florida 5 35,~~785~~759,~~513~~435.3711 3.85 ~~109~~108 6.~~7631~~7632 1.~~397530~~397525 Georgia 1 ~~596~~595,~~021~~514.9927 0.06 ~~113~~112 6.0800 1.650000 Idaho 1 2,~~533~~531,~~290~~696.3836 0.27 ~~105~~104 7.3500 1.350000 Illinois 3 99,~~854~~737,~~338~~499.33 10.75 ~~110~~109 5.~~2903~~2904 1.~~818947~~818925 Indiana 1 57,~~358~~288,~~528~~042.9939 6.18 17 16 6.8100 1.270000 Kansas 2 2,~~520~~518,~~146~~560.3155 0.27 ~~105~~104 7.3500 1.350000 Maryland 1 9,~~144~~137,~~540~~572.7323 0.98 4443 7.9500 1.310000 Massachusetts 9 31,~~935~~915,~~047~~838.3941 3.44 ~~111~~110 7.4823 1.~~416563~~416553 Missouri 1 3,~~274~~272,~~922~~057.4874 0.35 ~~112~~111 6.0000 1.360000 New Jersey 4 12,~~961~~950,~~370~~346.6680 1.40 ~~113~~112 6.0984 1.~~493517~~493524 New York 5 268,~~205~~167,~~963~~683.1191 28.8990 ~~112~~111 6.~~5846~~5847 1.~~898994~~899062 North Carolina 2 11,~~920~~910,~~439~~285.7646 1.28 ~~113~~112 6.0800 1.650000 Oklahoma 1 5,~~260~~257,~~591~~281.6148 0.57 ~~105~~104 7.3500 1.350000 Oregon 4 18,~~529~~513,~~614~~085.6801 2.00 ~~114~~113 5.8703 1.~~785807~~785802 Pennsylvania 7 28,~~568~~541,~~117~~208.0231 3.08 ~~113~~112 6.0923 1.~~715723~~715729 Texas 10 146,~~381~~331,~~410~~037.8526 15.77 ~~113~~112 6.~~4639~~4641 1.~~617867~~617915 Utah 1 17,~~274~~260,~~929~~803.9038 1.86 ~~112~~111 6.2600 1.390000 Washington 2 18,~~276~~261,~~478~~553.9949 1.97 ~~113~~112 6.2552 1.~~421043~~421045 Washington,DC 2 45,~~814~~780,~~959~~644.5173 4.93 ~~115~~114 6.5000 1.350000 Wyoming 2 2,~~407~~405,~~254~~740.7907 0.26 ~~105~~104 7.3500 1.350000 Totals 81 ~~928~~927,~~452~~848,~~334~~128.2430 100.00 ~~106~~105 6.4469 1.~~648135~~648216

Debt Service Coverage Ratio(1) Debt Service # of Scheduled % of Weighted Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 1.20 or less 0 0.00 0.00 0 0.0000 0.000000 1.21 to 1.30 4 38,~~768~~724,~~631~~360.7123 4.1817 7675 6.2666 1.~~282355~~282356 1.31 to 1.40 16 ~~260~~259,~~062~~808,~~438~~988.7467 28.0100 9392 6.~~9975~~9972 1.362592 1.41 to 1.50 13 101,~~486~~396,~~368~~312.5802 10.93 ~~114~~113 5.9677 1.445735 1.51 to 1.60 8 38,~~518~~484,~~377~~256.1920 4.15 ~~113~~112 6.~~2631~~2632 1.~~544205~~544206 1.61 to 1.70 5 145,~~555~~509,~~744~~157.3981 15.68 ~~114~~113 6.~~4128~~4130 1.~~672296~~672306 1.71 to 1.80 2 9,~~832~~823,~~165~~722.8772 1.06 ~~113~~112 6.0650 1.797784 1.81 to 1.90 1 8382,~~096~~993,~~290~~723.1161 8.9594 ~~110~~109 5.1200 1.890000 1.91 to 2.00 2 165,000,000.00 17.78 112 6.8527 1.930000 2.01 and greater 4 86,~~132~~107,~~317~~607.6504 9.28 ~~111~~110 6.~~1165~~1166 2.~~128672~~128697 Totals 55 ~~928~~927,~~452~~848,~~334~~128.2430 100.00 ~~106~~105 6.4469 1.~~648135~~648216

Property Type (3) Property # of Scheduled % of Weighted Type Props Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Industrial 14 9089,~~004~~927,~~115~~073.2231 9.69 ~~113~~112 6.0741 1.~~752863~~752856 Mixed Use 3 51,~~289~~250,~~908~~870.8964 5.52 ~~115~~114 6.4434 1.~~358540~~358539 Mobile Home Park 13 46,~~822~~792,~~410~~948.1600 5.04 ~~105~~104 7.3500 1.350000 Multi-Family 3 15,~~408~~390,~~146~~209.4373 1.66 ~~113~~112 5.~~9349~~9350 1.~~318445~~318453 Office 16 291,~~149~~090,~~679~~909.0832 31.3637 ~~110~~109 6.6032 1.~~876366~~876443 Retail 30 ~~431~~430,~~133~~794,~~275~~246.9166 46.4443 9998 6.~~1816~~1818 1.~~542524~~542537 Self Storage 2 2,~~836~~832,~~339~~743.4473 0.31 ~~115~~114 6.2100 1.540000 Totals 81 ~~928~~927,~~452~~848,~~334~~128.2430 100.00 ~~106~~105 6.4469 1.~~648135~~648216

Note Rate Note # of Scheduled % of Weighted Rate Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) less than 5.500% 2 ~~100~~99,~~026~~907,~~554~~647.2624 10.77 ~~111~~110 5.1843 1.~~815527~~815510 5.501% to 6.000% 25 ~~201~~200,~~056~~872,~~053~~268.4481 21.65 ~~114~~113 5.8806 1.~~552685~~552688 6.001% to 6.500% 17 215,~~778~~646,~~346~~856.6512 23.24 ~~112~~111 6.2627 1.~~624304~~624426 6.501% to 7.000% 6 280,~~056~~032,~~206~~512.7943 30.1618 ~~108~~107 6.7948 1.~~806951~~806990 7.001% to 7.500% 2 53,~~489~~456,~~371~~061.2632 5.76 ~~106~~105 7.3625 1.~~377421~~377422 7.501% to 8.000% 2 3635,~~002~~981,~~870~~083.1487 3.88 9089 7.8157 1.~~362220~~362223 8.001% or greater 1 4241,~~042~~951,~~931~~698.7051 4.5352 1716 8.4500 1.360000 Totals 55 ~~928~~927,~~452~~848,~~334~~128.2430 100.00 ~~106~~105 6.4469 1.~~648135~~648216

Seasoning # of Scheduled % of Weighted Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 12 months or less 5048 ~~788~~781,~~460~~089,~~065~~885.8449 84.9218 ~~113~~112 6.~~2170~~2125 1.~~701512~~702312 13 to 24 months 35 8289,~~825~~701,~~280~~073.3051 89.9267 9998 7.~~5524~~4905 1.~~355312~~375643 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 2 57,~~166~~057,~~988~~169.1030 6.15 16 17 8.~~0161~~0158 1.~~336190~~336173 Totals 55 ~~928~~927,~~452~~848,~~334~~128.2430 100.00 ~~106~~105 6.4469 1.~~648135~~648216

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 3 66,~~311~~194,~~528~~741.8353 7.1413 2120 8.~~0070~~0067 1.~~332578~~332560 61 to 120 months 51 ~~857~~856,~~064~~581,~~087~~060.4300 92.3132 ~~112~~111 6.~~3291~~3293 1.~~672775~~672835 121 months and greater 1 5,~~076~~072,~~717~~326.9877 0.55 ~~139~~138 5.9600 1.610000 Totals 55 ~~928~~927,~~452~~848,~~334~~128.2430 100.00 ~~106~~105 6.4469 1.~~648135~~648216

Remaining Amortization Term (ARD and Balloon Loans) Remaining # of Scheduled % of Weighted Amortization Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 120 months or less 0 0.00 0.00 0 0.0000 0.000000 121 to 180 months 0 0.00 0.00 0 0.0000 0.000000 181 to 240 months 2 57,~~166~~057,~~988~~169.1030 6.15 16 17 8.~~0161~~0158 1.~~336190~~336173 241 to 300 months 6 276,~~276~~252,~~660~~617.6257 29.7677 ~~113~~112 6.~~7476~~7477 1.~~814005~~814042 301 months and greater 47 ~~595~~594,~~008~~538,~~685~~341.5243 64.0908 ~~111~~110 6.~~1565~~1566 1.~~601088~~601111 Totals 55 ~~928~~927,~~452~~848,~~334~~128.2430 100.00 ~~106~~105 6.4469 1.~~648135~~648216

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 52 ~~793~~792,~~371~~969,~~394~~471.3540 85.4546 ~~110~~109 6.~~4847~~4848 1.~~641431~~641518 1 year or less 3 ~~135~~134,~~080~~878,~~939~~656.8990 14.5554 8180 6.~~2249~~2242 1.~~687506~~687593 1 to 2 years 0 0.00 0.00 0 0.0000 0.000000 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 55 ~~928~~927,~~452~~848,~~334~~128.2430 100.00 ~~106~~105 6.4469 1.~~648135~~648216 (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 700201020 1 OF New York NY 767,121.69 0.00 6.853% 700201024 1A 206,532.76 0.00 6.853% 700201082 2 RT Katy TX 535,997.75 0.00 6.693% 700201038 3 RT Oak Brook IL 354,~~979~~544.9317 102,~~130~~566.7450 5.120% 700200911 4 OF New York NY 108,984.38 0.00 6.250% 700200926 4A 103,602.43 0.00 6.250% 700200927 4B 103,602.43 0.00 6.250% 700200630 5 RT Lafayette IN 85,~~933~~829.9002 18,~~480~~585.7361 6.810% 700201083 5A 296,~~690~~052.2531 9091,~~595~~233.2519 8.450% 600872125 6 18 MH Various ~~Variou~~Various 296,~~532~~346.1484 29,~~276~~462.8616 7.350% 700201045 19 20 MU Washington DC 256,~~627~~436.51 34,~~123~~314.78 6.500% 700201002 21 23 IN Various ~~Variou~~Various 137,~~590~~466.2884 24,~~587~~710.1761 5.830% 700201005 24 25 IN Various ~~Variou~~Various 136,~~476~~353.3924 24,~~531~~654.7893 5.830% 700201084 26 33 RT Various MA 179,~~803~~704.0961 14,~~719~~817.2977 7.770% 700201059 34 RT Scottsdale AZ 8685,~~046~~972.4363 14,~~354~~428.2606 5.970% 700201060 35 OF Scottsdale AZ 36,~~877~~845.0441 6,~~151~~183.8346 5.970% 700200992 36 RT Brewster NY ~~108~~107,~~042~~949.9176 1718,~~997~~090.7590 6.010% 700201003 37 41 IN Various ~~Variou~~Various 93,~~694~~615.5219 15,~~152~~231.1245 6.080% 700200944 42 RT Riverdale UT 93,~~197~~121.2147 14,~~050~~126.7852 6.260% 700201070 43 RT Brooklyn NY 80,~~260~~183.6461 16,~~263~~340.4952 5.500% 700200996 44 RT Yorba Linda CA 64,~~782~~725.6911 11,~~353~~410.1472 5.890% 700200935 45 RT Vernon Hills IL 57,~~417~~366.2394 9,~~732~~782.4372 6.000% 600872126 46 RT Aberdeen WA 51,~~837~~793.5659 8,~~439~~483.3330 6.050% 700200946 47 MF Dallas TX 46,~~613~~550.6952 12,~~412~~475.4663 5.910% 700200782 48 OF Columbia MD 60,~~628~~582.4458 6,~~922~~968.6450 7.950% 600872127 49 RT Miami FL 48,~~219~~180.8905 7,~~524~~564.4933 6.150% 600872128 50 OF Seattle WA 46,~~687~~651.3751 6,~~406~~442.3420 6.500% 600872129 51 OF Encino CA 38,~~720~~686.6527 6,~~803~~837.1654 5.870% 700201076 52 RT Sonora CA 38,~~381~~348.6584 6,~~391~~424.9576 5.960% 700200970 53 OF Agoura Hills CA 35,~~579~~544.0948 7,~~240~~275.6627 5.550% 700201011 54 RT Irving TX 36,~~173~~140.4144 6,~~613~~646.0906 5.790% 700200947 55 RT Chino CA 36,~~922~~889.2487 6,~~351~~383.3168 5.920% 700200964 56 IN New York NY 42,~~794~~770.9341 3,~~823~~847.2678 7.450% 700200965 57 RT Cheltenham ~~Township~~Townsh PA 31,~~251~~224.7753 5,~~281~~308.6084 5.990% 600872130 58 RT Scottsdale AZ 29,~~565~~539.6602 5,~~278~~305.5317 5.860% 700201000 59 RT Austin TX 30,~~606~~580.8896 4,~~949~~975.6961 6.080% 700201062 60 63 Various Various PA 30,~~319~~281.7152 7,~~140~~178.6382 6.210% 700200923 64 OF Arlington Heights IL 31,~~188~~164.6706 4,~~465~~489.1778 6.400% 700201061 65 MU Scottsdale AZ 28,~~169~~145.9680 4,~~699~~723.3147 5.970% 700201071 66 OF Newton MA 26,~~077~~054.2784 4,~~368~~391.7821 5.960% 700200864 67 IN Allentown/Upper Ma PA 27,~~649~~629.8257 3,~~482~~503.8914 6.750% 700200948 68 RT Lake Worth TX 22,~~662~~642.9591 3,~~938~~958.2428 5.910% 700201066 69 IN Northvale NJ 20,~~280~~262.3367 3,~~470~~488.7339 5.910% 700200986 70 OF Franklin Township NJ 19,~~261~~244.0540 3,~~222~~238.0974 6.000% 600872131 71 RT San Diego CA 18,~~831~~808.8012 4,~~364~~388.9260 6.300% 700200955 72 MF Columbia MO 16,~~935~~920.1643 2,~~850~~864.0174 6.000% 700201078 73 RT Port St. Lucie FL 16,~~017~~003.7054 2,~~819~~833.5874 5.830% 700200962 74 OF Edison Township NJ 15,~~908~~894.7895 2,~~677~~691.2912 6.000% 700201056 75 MF Fairview OR 15,~~287~~274.8463 2,~~583~~596.1233 5.940% 700201077 76 OF Simi Valley CA 14,~~279~~265.3473 2,~~848~~862.5617 5.550% 700200990 77 RT Portland OR 15,~~320~~307.2760 2,~~384~~397.9158 6.170% 700200952 78 OF Jacksonville FL 14,~~352~~341.3223 12,~~996~~007.0514 6.450% 700201075 79 RT Salem OR 11,~~767~~755.0395 2,~~297~~308.9199 5.600% 700200865 80 IN Branchburg NJ 12,~~672~~663.8355 1,~~596~~605.3361 6.750% 700201001 81 OF Denver CO 9,~~248~~239.9745 1,~~790~~799.0052 6.180% Totals 5,~~131~~127,~~008~~739.6312 ~~600~~604,~~936~~205.4394

Loan Anticipated Neg Beginning Ending Paid Number Repayment Maturity Amort Scheduled Scheduled Thru Date Date (Y/N) Balance Balance Date 700201020 N/A 01/07/2013 N 130,000,000.00 130,000,000.00 0709/07/2003 700201024 N/A 01/07/2013 N 35,000,000.00 35,000,000.00 0709/07/2003 700201082 N/A 01/09/2013 N 93,000,000.00 93,000,000.00 0708/09/2003 700201038 N/A 10/01/2012 N 83,~~198~~096,~~420~~290.8511 8382,~~096~~993,~~290~~723.1161 0809/01/2003 700200911 N/A 09/01/2012 N 20,250,000.00 20,250,000.00 0809/01/2003 700200926 N/A 09/01/2012 N 19,250,000.00 19,250,000.00 0809/01/2003 700200927 N/A 09/01/2012 N 19,250,000.00 19,250,000.00 0809/01/2003 700200630 N/A 01/01/2005 N 15,~~142~~124,~~537~~056.1340 15,~~124~~105,~~056~~470.4079 0809/01/2003 700201083 N/A 01/01/2005 N 42,~~133~~042,~~526~~931.9570 4241,~~042~~951,~~931~~698.7051 0809/01/2003 600872125 N/A 05/01/2012 N 46,~~851~~822,~~687~~410.0216 46,~~822~~792,~~410~~948.1600 0708/01/2003 700201045 N/A 03/01/2013 N 45,~~849~~814,~~083~~959.2951 45,~~814~~780,~~959~~644.5173 0708/01/2003 700201002 N/A 02/01/2013 N 27,~~406~~382,~~904~~317.8265 27,~~382~~357,~~317~~607.6504 0809/01/2003 700201005 N/A 01/01/2013 N 27,~~185~~160,~~028~~496.2042 27,~~160~~135,~~496~~841.4249 0809/01/2003 700201084 N/A 06/01/2012 N 26,~~873~~858,~~048~~329.7041 26,~~858~~843,~~329~~511.4164 0809/01/2003 700201059 N/A 03/01/2013 N 16,~~737~~723,~~835~~481.9771 16,~~723~~709,~~481~~053.7165 0809/01/2003 700201060 N/A 03/01/2013 N 7,~~173~~167,~~358~~206.2744 7,~~167~~161,~~206~~022.4498 0809/01/2003 700200992 N/A 01/01/2013 N 20,~~876~~858,~~735~~737.6186 20,~~858~~840,~~737~~646.8696 0809/01/2003 700201003 N/A 01/01/2013 N 17,~~895~~880,~~811~~659.7765 17,~~880~~865,~~659~~428.6520 0809/01/2003 700200944 N/A 12/01/2012 N 17,~~288~~274,~~980~~929.6890 17,~~274~~260,~~929~~803.9038 0809/01/2003 700201070 N/A 04/01/2013 N 16,~~946~~930,~~527~~264.6415 16,~~930~~913,~~264~~923.1563 0809/01/2003 700200996 N/A 01/01/2013 N 12,~~772~~761,~~752~~399.4733 12,~~761~~749,~~399~~988.3361 0809/01/2003 700200935 N/A 11/01/2012 N 11,~~113~~103,~~011~~279.6017 11,~~103~~093,~~279~~496.1745 0809/01/2003 600872126 N/A 02/01/2013 N 9,~~950~~941,~~157~~718.4108 9,~~941~~933,~~718~~234.0878 0708/01/2003 700200946 N/A 01/01/2013 N 9,~~159~~146,~~394~~982.4701 9,~~146~~134,~~982~~506.0138 0809/01/2003 700200782 N/A 04/01/2007 N 9,~~151~~144,~~463~~540.3773 9,~~144~~137,~~540~~572.7323 0809/01/2003 600872127 N/A 02/01/2013 N 9,~~105~~097,~~251~~727.5708 9,~~097~~090,~~727~~162.0875 0708/01/2003 600872128 N/A 11/01/2012 N 8,~~341~~334,~~167~~760.2591 8,~~334~~328,~~760~~318.9171 0708/01/2003 600872129 N/A 02/01/2013 N 7,~~660~~653,~~293~~490.2105 7,~~653~~646,~~490~~652.0551 0708/01/2003 700201076 N/A 04/01/2013 N 7,~~478~~472,~~563~~171.4954 7,~~472~~465,~~171~~746.5478 0709/01/2003 700200970 N/A 12/01/2012 N 7,~~444~~437,~~621~~381.9125 7,~~437~~430,~~381~~105.2598 0809/01/2003 700201011 N/A 01/01/2013 N 7,~~255~~248,~~239~~626.3021 7,~~248~~241,~~626~~980.2115 0809/01/2003 700200947 N/A 02/01/2013 N 7,~~242~~236,~~811~~460.3706 7,~~236~~230,~~460~~076.0638 0809/01/2003 700200964 N/A 01/01/2013 N 6,~~670~~666,~~784~~961.3610 6,~~666~~663,~~961~~113.1032 0709/01/2003 700200965 N/A 12/01/2012 N 6,~~058~~053,~~827~~546.8121 6,~~053~~048,~~546~~237.2137 0809/01/2003 600872130 N/A 12/01/2012 N 5,~~859~~853,~~097~~818.3279 5,~~853~~848,~~818~~513.7962 0809/01/2003 700201000 N/A 01/01/2013 N 5,~~845~~841,~~965~~015.1849 5,~~841~~836,~~015~~039.4988 0809/01/2003 700201062 N/A 03/01/2013 N 5,~~669~~662,~~884~~744.8724 5,~~662~~655,~~744~~565.2442 0809/01/2003 700200923 N/A 11/01/2012 N 5,~~659~~654,~~234~~769.2205 5,~~654~~650,~~769~~279.0527 0809/01/2003 700201061 N/A 03/01/2013 N 5,~~479~~474,~~648~~949.6938 5,~~474~~470,~~949~~225.3891 0809/01/2003 700201071 N/A 03/01/2015 N 5,~~081~~076,~~086~~717.7698 5,~~076~~072,~~717~~326.9877 0809/01/2003 700200864 N/A 08/01/2012 N 4,~~756~~753,~~957~~474.4657 4,~~753~~749,~~474~~971.5743 0809/01/2003 700200948 N/A 01/01/2013 N 4,~~453~~449,~~175~~236.1995 4,~~449~~445,~~236~~278.9567 0809/01/2003 700201066 N/A 03/01/2013 N 3,~~985~~981,~~000~~530.7401 3,~~981~~978,~~530~~041.0162 0809/01/2003 700200986 N/A 01/01/2013 N 3,~~727~~724,~~944~~722.6152 3,~~724~~721,~~722~~483.5278 0809/01/2003 600872131 N/A 01/01/2013 N 3,~~471~~466,~~299~~934.2937 3,~~466~~462,~~934~~545.3777 0708/01/2003 700200955 N/A 12/01/2012 N 3,~~277~~274,~~772~~922.4948 3,~~274~~272,~~922~~057.4874 0809/01/2003 700201078 N/A 04/01/2013 N 3,~~190~~187,~~600~~780.3375 3,~~187~~184,~~780~~947.7501 0809/01/2003 700200962 N/A 12/01/2012 N 3,~~079~~076,~~119~~442.6031 3,~~076~~073,~~442~~751.3119 0809/01/2003 700201056 N/A 03/01/2013 N 2,~~988~~986,~~825~~241.0694 2,~~986~~983,~~241~~645.9461 0809/01/2003 700201077 N/A 03/01/2013 N 2,~~987~~984,~~830~~981.5094 2,~~984~~982,~~981~~119.9477 0809/01/2003 700200990 N/A 01/01/2013 N 2,~~883~~881,~~514~~129.3241 2,~~881~~878,~~129~~731.4183 0809/01/2003 700200952 N/A 12/01/2012 N 2,~~584~~582,~~063~~067.1813 2,~~582~~580,~~067~~059.1399 0809/01/2003 700201075 N/A 03/01/2013 N 2,~~440~~437,~~168~~870.2534 2,~~437~~435,~~870~~561.3435 0809/01/2003 700200865 N/A 08/01/2012 N 2,~~180~~178,~~272~~675.1582 2,~~178~~177,~~675~~070.8221 0809/01/2003 700201001 N/A 01/01/2013 N 1,~~737~~736,~~983~~193.97 1,~~736~~734,~~193~~394.9745 0809/01/2003 Totals ~~929,053,270.67~~ 928,452,334.24 927,848,128.30 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 09/12/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 08/12/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 07/14/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 06/12/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 05/12/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 04/14/2003 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 09/12/2003 0 $0.00 0 $0.00 08/12/2003 0 $0.00 0 $0.00 07/14/2003 0 $0.00 0 $0.00 06/12/2003 0 $0.00 0 $0.00 05/12/2003 0 $0.00 0 $0.00 04/14/2003 0 $0.00 0 $0.00

Rate and Maturities Distribution Next Weighted Avg. WAM Date Coupon Remit 09/12/2003 6.446939% 6.408709% 105 08/12/2003 6.446907% 6.408676% 106 07/14/2003 6.446875% 6.408642% 107 06/12/2003 6.446834% 6.408600% 108 05/12/2003 6.446801% 6.408565% 109 04/14/2003 6.446759% 6.408522% 110 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) 700201082 2 0 08/09/2003 533,595.25 533,595.25 A 600872125 6 18 0 08/01/2003 324,599.42 324,599.42 B 700201045 19 20 0 08/01/2003 289,567.74 289,567.74 B 600872126 46 0 08/01/2003 59,163.96 59,163.96 B 600872127 49 0 08/01/2003 54,725.94 54,725.94 B 600872128 50 0 08/01/2003 52,160.68 52,160.68 B 600872129 51 0 08/01/2003 44,798.86 44,798.86 B 600872131 71 0 08/01/2003 22,808.62 22,808.62 B Totals 8 1,381,420.47 1,381,420.47

Resolution Actual Outstanding Loan Number Strategy Servicing Foreclosure Principal Servicing Bankruptcy REO Code (2) Transfer Date Date Balance Advances 700201082 93,000,000.00 0.00 600872125 46,822,410.16 0.00 700201045 45,814,959.51 0.00 600872126 9,941,718.08 0.00 600872127 9,097,727.08 0.00 600872128 8,334,760.91 0.00 600872129 7,653,490.05 0.00 600872131 3,466,934.37 0.00 Totals 224,132,000.16 0.00

Totals by Delinquency Code: Current Outstanding Actual Outstanding P&I P & I Principal Servicing Advances Advances Balance Advances ~~Total for Status Code = A (1 loan) 533,595.25 533,595.25 93,000,000.00 0.00 Total for Status Code = B (7 loans) 847,825.22 847,825.22 131,132,000.16 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 DEAN WITTER CAP I INC DEP FOR SER 2003 HQ2