8-K 1 fun01c2.txt NOVEMBER 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 : November 17, 2003 (Date of earliest event reported) Commission File No.: 333-53266-02 First Union Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2001-C2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 52-2316405 52-2316406 52-7184008 52-2316404 (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 November 17, 2003 a distribution was made to holders of First Union Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates, Series 2001-C2. 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 2001-C2, relating to the November 17, 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. First Union Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2001-C2 By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: November 17, 2003 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2001-C2, relating to the November 17, 2003 distribution. EX-99.1 Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 First Union Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2001-C2 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 11/17/2003 Record Date: 10/31/2003 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 Specially Serviced Loan Detail 18 - 19 Modified Loan Detail 20 Liquidated Loan Detail 21 Underwriter First Union Securities, Inc 201 South College Street Charlotte, NC 28288 Contact: William J. Cohane Phone Number: (704) 383-4984 Underwriter Merrill Lynch, Pierce, Fenner & Smith Inc. World Financial Center, North Tower 250 Vesey Street New York, NY 10281 Contact: John E. Gluszak Phone Number: (212) 449-1000 Master Servicer First Union National Bank Charlotte Plaza, Floor 23 NC-1075 201 South College Street Charlotte, NC 28288 Contact: Timothy S. Ryan Phone Number: (704) 593-7878 Special Servicer Lennar Partners, Inc. 760 N.W.107th Avenue Miami, FL 33172 Contact: Steve Bruha Phone Number: (305) 229-6614 This report has been compiled from information provided to Wells Fargo Bank MN, N.A. by various third parties, which may include the Servicer, 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 33736XBY4 6.204000% 190,553,000.00 ~~167~~166,919,~~177~~539.8294 ~~999~~841,~~637~~267.8857 A-2 33736XBZ1 6.663000% 590,647,000.00 590,647,000.00 0.00 B 33736XCA5 6.819000% 42,565,000.00 42,565,000.00 0.00 C 33736XCB3 6.922000% 12,520,000.00 12,520,000.00 0.00 D 33736XCC1 6.951000% 12,519,000.00 12,519,000.00 0.00 E 33736XCD9 7.003000% 20,031,000.00 20,031,000.00 0.00 F 33736XCE7 7.123000% 10,015,000.00 10,015,000.00 0.00 G 33736XCF4 7.388000% 15,023,000.00 15,023,000.00 0.00 H 33736XCG2 7.487000% 17,527,000.00 17,527,000.00 0.00 J 33736XCH0 7.~~608115~~855202% 12,519,000.00 12,519,000.00 0.00 K 33736XCJ6 6.460000% 15,023,000.00 15,023,000.00 0.00 L 33736XCK3 6.460000% 20,031,000.00 20,031,000.00 0.00 M 33736XCL1 6.460000% 5,008,000.00 5,008,000.00 0.00 N 33736XCM9 6.460000% 6,048,000.00 6,048,000.00 0.00 O 33736XCN7 6.460000% 5,908,000.00 5,908,000.00 0.00 P 33736XCP2 6.460000% 3,939,000.00 3,939,000.00 0.00 Q 33736XCQ0 6.460000% 21,663,038.00 21,663,038.00 0.00 V 33736XCS6 6.828000% 1,175 ,111 .70 1,~~369~~377,~~653~~446.4881 -(7,~~793~~837.3367) Z-I N/A 0.000000% 0.00 0.00 0.00 Z-II N/A 0.000000% 0.00 0.00 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 Totals 1,002,714 ,149.70 ~~980~~979,~~274~~283,~~869~~024.3075 ~~991~~833,~~844~~429.5590

Class CUSIP Interest Prepayment Realized Loss/ Total Ending Current Distribution Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level(1) A-1 33736XBY4 ~~868~~862,~~142~~974.1502 0.00 0.00 1,~~867~~704,~~780~~241.0359 166,~~919~~078,~~539~~272.9437 22.6466% A-2 33736XBZ1 3,279,567.47 0.00 0.00 3,279,567.47 590,647,000.00 22.6466% B 33736XCA5 241,875.61 0.00 0.00 241,875.61 42,565,000.00 18.2931% C 33736XCB3 72,219.53 0.00 0.00 72,219.53 12,520,000.00 17.0203% D 33736XCC1 72,516.31 0.00 0.00 72,516.31 12,519,000.00 15.7475% E 33736XCD9 116,897.58 0.00 0.00 116,897.58 20,031,000.00 13.6970% F 33736XCE7 59,447.37 0.00 0.00 59,447.37 10,015,000.00 12.6768% G 33736XCF4 92,491.60 0.00 0.00 92,491.60 15,023,000.00 11.1415% H 33736XCG2 109,353.87 0.00 0.00 109,353.87 17,527,000.00 9.35% J 33736XCH0 7981,~~371~~949.6639 0.00 0.00 7981,~~371~~949.6639 12,519,000.00 8.07% K 33736XCJ6 80,873.82 0.00 0.00 80,873.82 15,023,000.00 6.5354% L 33736XCK3 107,833.55 0.00 0.00 107,833.55 20,031,000.00 4.49% M 33736XCL1 26,959.73 0.00 0.00 26,959.73 5,008,000.00 3.98% N 33736XCM9 32,558.40 0.00 0.00 32,558.40 6,048,000.00 3.36% O 33736XCN7 31,804.73 0.00 0.00 31,804.73 5,908,000.00 2.76% P 33736XCP2 21,204.95 0.00 0.00 21,204.95 3,939,000.00 2.3536% Q 33736XCQ0 ~~115~~113,~~343~~877.9709 0.00 0.00 ~~115~~113,~~343~~877.9709 21,663,038.00 0.14% V 33736XCS6 7,~~793~~837.3367 0.00 0.00 0.00 1,~~377~~385,~~446~~284.8148 0.00% Z-I N/A 0.00 0.00 0.00 0.00 0.00 0.00% Z-II N/A 0.00 0.00 0.00 0.00 0.00 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% Totals 5,~~416~~412 ,~~255~~242.6369 0.00 0.00 6,~~408~~245,~~100~~672.1859 ~~979~~978,~~283~~449,~~024~~594.7585

Original Beginning Pass-Through Notional Notional Class CUSIP Rate Amount Amount IO 33736XCR8 01.~~976538~~220025% 1,001,539,038.00 ~~978~~977,905,~~215~~577.8294

Ending Interest Prepayment Total Notional Class CUSIP Distribution Penalties Distribution Amount IO 33736XCR8 ~~796~~994,~~614~~224.9404 0.00 ~~796~~994,~~614~~224.9404 977,~~905~~064,~~577~~310.9437 (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 Realized Loss/ Beginning Principal Interest Prepayment Additional Trust Ending Class CUSIP Balance Distribution Distribution Penalties Fund Expenses Balance A-1 33736XBY4 ~~881~~875.~~22033146~~97434803 54.~~24598343~~41487444 4.~~55590912~~52878737 0.00000000 0.00000000 ~~875~~871.~~97434803~~55947358 A-2 33736XBZ1 1,000.00000000 0.00000000 5.55250000 0.00000000 0.00000000 1,000.00000000 B 33736XCA5 1,000.00000000 0.00000000 5.68249994 0.00000000 0.00000000 1,000.00000000 C 33736XCB3 1,000.00000000 0.00000000 5.76833307 0.00000000 0.00000000 1,000.00000000 D 33736XCC1 1,000.00000000 0.00000000 5.79250020 0.00000000 0.00000000 1,000.00000000 E 33736XCD9 1,000.00000000 0.00000000 5.83583346 0.00000000 0.00000000 1,000.00000000 F 33736XCE7 1,000.00000000 0.00000000 5.93583325 0.00000000 0.00000000 1,000.00000000 G 33736XCF4 1,000.00000000 0.00000000 6.15666644 0.00000000 0.00000000 1,000.00000000 H 33736XCG2 1,000.00000000 0.00000000 6.23916643 0.00000000 0.00000000 1,000.00000000 J 33736XCH0 1,000.00000000 0.00000000 6.~~34009585~~54600128 0.00000000 0.00000000 1,000.00000000 K 33736XCJ6 1,000.00000000 0.00000000 5.38333356 0.00000000 0.00000000 1,000.00000000 L 33736XCK3 1,000.00000000 0.00000000 5.38333333 0.00000000 0.00000000 1,000.00000000 M 33736XCL1 1,000.00000000 0.00000000 5.38333267 0.00000000 0.00000000 1,000.00000000 N 33736XCM9 1,000.00000000 0.00000000 5.38333333 0.00000000 0.00000000 1,000.00000000 O 33736XCN7 1,000.00000000 0.00000000 5.38333277 0.00000000 0.00000000 1,000.00000000 P 33736XCP2 1,000.00000000 0.00000000 5.38333333 0.00000000 0.00000000 1,000.00000000 Q 33736XCQ0 1,000.00000000 0.00000000 5.~~32445957~~25674608 0.00000000 0.00000000 1,000.00000000 V 33736XCS6 1,165.~~55173436~~51400178 -(6.~~63199081~~66972340) 6.~~63199081~~66972340 0.00000000 0.00000000 1,~~172~~178.~~18372517~~85344857 Z-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Z-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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

Beginnning Ending Notional Interest Prepayment Notional Class CUSIP Amount Distribution Penalties Amount IO 33736XCR8 ~~977~~976.~~40095860~~40285684 0.~~79539080~~99269624 0.00000000 ~~976~~975.~~40285684~~56288202

Reconciliation Detail Advance Summary P & I Advances Outstanding ~~320~~92,~~103~~618.85 Servicing Advances Outstanding 059,938.0050 Reimbursement for Interest on P&I Advances ~~619~~72.8215 paid from general collections Reimbursement for Interest on Servicing Advances 0.00 paid from general collections Aggregate amount of Nonrecoverable Advances 0.00

Servicing Fee Summary Current Period Accrued Servicing Fees 43,~~764~~720.7989 Less Delinquent Servicing Fees ~~1,801~~275.3878 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 21,~~019~~713.6078 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 4345,~~983~~158.0189

Certificate Interest Reconciliation Class Accrued Net Aggregate Deferred Distributable Distributable Additional Interest Remaining Unpaid Certificate Prepayment Interest Certificate Certificate Trust Distribution Distributable Interest Interest Shortfall Amount Interest Interest Fund Certificate Adjustment Expenses Interest A-1 ~~868~~862,~~142~~974.1502 0.00 0.00 ~~868~~862,~~142~~974.1502 0.00 0.00 ~~868~~862,~~142~~974.1502 0.00 A-2 3,279,567.47 0.00 0.00 3,279,567.47 0.00 0.00 3,279,567.47 0.00 IO ~~796~~994,~~614~~224.9404 0.00 0.00 ~~796~~994,~~614~~224.9404 0.00 0.00 ~~796~~994,~~614~~224.9404 0.00 B 241,875.61 0.00 0.00 241,875.61 0.00 0.00 241,875.61 0.00 C 72,219.53 0.00 0.00 72,219.53 0.00 0.00 72,219.53 0.00 D 72,516.31 0.00 0.00 72,516.31 0.00 0.00 72,516.31 0.00 E 116,897.58 0.00 0.00 116,897.58 0.00 0.00 116,897.58 0.00 F 59,447.37 0.00 0.00 59,447.37 0.00 0.00 59,447.37 0.00 G 92,491.60 0.00 0.00 92,491.60 0.00 0.00 92,491.60 0.00 H 109,353.87 0.00 0.00 109,353.87 0.00 0.00 109,353.87 0.00 J 7981,~~371~~949.6639 0.00 0.00 7981,~~371~~949.6639 0.00 0.00 7981,~~371~~949.6639 0.00 K 80,873.82 0.00 0.00 80,873.82 0.00 0.00 80,873.82 0.00 L 107,833.55 0.00 0.00 107,833.55 0.00 0.00 107,833.55 0.00 M 26,959.73 0.00 0.00 26,959.73 0.00 0.00 26,959.73 0.00 N 32,558.40 0.00 0.00 32,558.40 0.00 0.00 32,558.40 0.00 O 31,804.73 0.00 0.00 31,804.73 0.00 0.00 31,804.73 0.00 P 21,204.95 0.00 0.00 21,204.95 0.00 0.00 21,204.95 0.00 Q 116,619.35 0.00 0.00 116,619.35 0.00 12,~~275~~742.3826 ~~115~~113,~~343~~877.9709 24,~~007~~749.7298 V 7,~~793~~837.3367 0.00 7,~~793~~837.3367 7,~~793~~837.3367 0.00 0.00 7,~~793~~837.3367 ~~201~~209,~~702~~539.1582 Total 6,~~214~~409 ,~~145~~208.9599 0.00 7,~~793~~837.3367 6,~~214~~409,~~145~~208.9599 0.00 12,~~275~~742.3826 6,~~212~~406,~~870~~466.5773 ~~203~~214,~~709~~289.8780

Other Required Information Available Distribution Amount (1) 7,~~204~~239,~~715~~896.1263 Aggregate Number of Outstanding Loans 108 Aggregate Stated Principal Balance of Loans Before Distribution ~~980~~979,~~274~~283,~~869~~024.3075 Aggregate Stated Principal Balance of Loans After Distribution ~~979~~978,~~283~~449,~~024~~594.7585 Aggregate Unpaid Principal Balance of Loans ~~979~~978,~~322~~465,~~324~~262.6787 Aggregate Amount of Servicing Fee 4345,~~983~~158.0189 Aggregate Amount of Special Servicing Fee 655.5606 Aggregate Amount of Trustee Fee 1,~~794~~792.6683 Aggregate Trust Fund Expenses ~~619~~72.8215 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.

Appraisal Reduction Amount Appraisal Cumulative Date Appraisal Loan Reduction ASER Reduction Number Amount Amount Effected ~~None~~265950372 0.00 2,015.05 Total 0.00 2,015.05

Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 6,~~259~~454,~~705~~722.3877 Interest reductions due to Nonrecoverability Determinations 0.00 Interest Adjustments 0.00 Deferred Interest 7,~~793~~837.3367 Net Prepayment Interest Shortfall 0.00 Net Prepayment Interest Excess 0.00 Extension Interest 0.00 Interest Reserve Withdrawal 0.00 Total Interest Collected 6,~~251~~446,~~912~~885.0510 Principal: Scheduled Principal ~~991~~833,~~844~~429.5590 Unscheduled Principal 7,~~793~~837.3367 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 ~~999~~841,~~637~~267.8857 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 7,~~251~~288,~~549~~152.9367 Total Funds Distributed Fees: Master Servicing Fee 43,~~764~~720.7989 Trustee Fee 1,~~794~~792.6683 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 45,~~559~~513.4572 Additional Trust Fund Expenses: Reimbursement for Interest on Advances ~~619~~72.8215 ASER Amount 02,015.0005 Special Servicing Fee 655.5606 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 12,~~275~~742.3826 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 6,~~212~~406,~~870~~466.5773 Principal Distribution ~~991~~833,~~844~~429.5590 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 7,~~204~~239,~~715~~896.1263 Total Funds Distributed 7,~~251~~288,~~549~~152.9561 Ratings Detail Original Ratings Current Ratings (1) Class CUSIP Fitch Moody's S&P Fitch Moody's S&P A-1 33736XBY4 X Aaa AAA X Aaa AAA A-2 33736XBZ1 X Aaa AAA X Aaa AAA IO 33736XCR8 X Aaa AAA X Aaa AAA B 33736XCA5 X Aa2 AA X Aa2 AA C 33736XCB3 X Aa3 AA- X Aa3 AA- D 33736XCC1 X A1 A+ X A1 A+ E 33736XCD9 X A2 A X A2 A F 33736XCE7 X A3 A- X A3 A- G 33736XCF4 X Baa1 BBB+ X Baa1 BBB+ H 33736XCG2 X Baa2 BBB X Baa2 BBB J 33736XCH0 X Baa3 BBB- X Baa3 BBB- K 33736XCJ6 X Ba1 BB+ X Ba1 BB+ L 33736XCK3 X Ba2 BB X Ba2 BB M 33736XCL1 X Ba3 BB- X Ba3 BB- N 33736XCM9 X B1 B+ X B1 B+ O 33736XCN7 X B2 B X B2 B P 33736XCP2 X B3 B- X B3 B- Q 33736XCQ0 X NR NR X NR NR V 33736XCS6 X NR NR X NR NR 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 2,000,000 20 26,~~475~~425,~~472~~696.0386 2.70 9190 7.~~7551~~7560 1.~~305016~~263372 2,000,001 to 4,000,000 20 56,~~338~~210,~~094~~722.1448 5.7574 8786 7.~~6637~~6646 1.~~274920~~332811 4,000,001 to 6,000,000 2122 ~~105~~111,~~608~~460,~~483~~463.7558 1011.7839 87 7.~~7667~~7377 1.~~537026~~426972 6,000,001 to 8,000,000 109 6862,~~781~~703,~~304~~215.1917 76.0241 8786 7.~~7613~~8134 1.~~778101~~744000 8,000,001 to 10,000,000 8 74,~~343~~289,~~203~~928.5872 7.59 8786 7.~~6295~~6296 1.~~489459~~431365 10,000,001 to 15,000,000 9 118,~~363~~306,~~416~~054.6381 12.09 8685 7.6260 1.~~488616~~447713 15,000,001 to 20,000,000 67 ~~100~~120,~~134~~026,~~373~~023.7097 1012.2327 8988 7.~~5423~~4670 1.~~310068~~256318 20,000,001 to 25,000,000 65 ~~132~~112,~~660~~606,~~729~~281.4821 1311.5551 8786 7.~~6411~~7389 12.~~883866~~099770 25,000,001 to 30,000,000 2 5453,~~008~~978,~~666~~559.7955 5.52 6564 8.~~3626~~3627 1.~~060875~~080126 30,000,001 to 35,000,000 3 95,~~829~~766,~~713~~438.1209 9.79 8988 7.6842 1.~~123980~~116991 35,000,001 to 40,000,000 0 0.00 0.00 0 0.0000 0.000000 40,000,001 to 45,000,000 1 44,000,000.00 4.4950 8786 6.7940 2.100000 45,000,001 to 50,000,000 1 50,000,000.00 5.11 8786 7.7500 10.~~410000~~960000 50,000,001 or greater 1 52,~~739~~676,~~567~~210.3441 5.3938 8887 7.5800 1.530000 Totals 108 ~~979~~978,~~283~~449,~~024~~594.7585 100.00 8685 7.~~6629~~6630 1.~~498674~~459273

State(3) % Of # of Scheduled Agg. WAM Weighted State Props Balance Bal. (2) WAC Avg DSCR(1) Alabama 3 9,~~539~~462,~~631~~937.9114 0.97 9190 7.2200 1.~~262586~~296638 Arizona 1 1,~~524~~522,~~331~~604.9641 0.16 8887 7.8750 1.~~560000~~540000 Arkansas 1 ~~890~~889,~~684~~674.2582 0.09 8887 7.8750 1.~~600000~~430000 California 27 224,~~966~~830,~~546~~482.6028 22.9798 8685 7.~~9619~~9620 1.~~623167~~522768 Connecticut 4 12,~~817~~813,~~977~~701.7637 1.31 8786 7.8007 1.~~502467~~200103 Delaware 2 11,~~438~~425,~~769~~522.7489 1.17 8887 7.3258 1.~~426466~~418510 Florida 14 96,~~363~~299,~~410~~058.58 9.84 7776 7.7826 1.~~205148~~127157 Georgia 3 18,~~127~~120,~~359~~768.0558 1.85 8887 7.~~7312~~7313 1.~~454328~~257124 Hawaii 1 20,~~253~~231,~~852~~297.6376 2.07 8786 8.0000 1.~~280477~~790000 Idaho 1 ~~866~~865,~~451~~926.1219 0.09 8887 8.0000 1.610000 Illinois 2 7,~~430~~425,~~565~~329.0209 0.76 8887 7.4876 10.~~050698~~898604 Indiana 1 12,~~360~~353,~~642~~638.1797 1.26 9190 7.4400 1.~~580000~~720000 Maine 1 9,~~227~~221,~~822~~111.6587 0.94 9089 7.3000 1.300000 Maryland 2 24,~~177~~163,~~273~~744.2635 2.47 8584 8.3300 1.670000 Massachusetts 3 7,~~279~~274,~~693~~016.1604 0.74 8887 7.8440 1.~~783196~~647519 Michigan 3 54,~~002~~984,~~983~~716.0293 0.51 ~~104~~103 7.~~2212~~2222 1.~~408062~~409243 Missouri 1 2,~~421~~418,~~342~~598.6955 0.25 8887 7.8750 1.~~560000~~540000 Nevada 4 48,~~263~~244,~~722~~725.1525 4.93 8887 7.~~3349~~3350 1.~~209068~~168775 New Jersey 5 33,~~331~~293,~~387~~468.7942 3.40 8786 7.~~5203~~5204 1.~~346342~~374102 New Mexico 1 1,~~667~~666,~~623~~814.6077 0.17 8584 8.7500 1.300000 New York 7 80,~~234~~186,~~710~~511.2890 8.1920 8887 7.~~8242~~8243 1.~~549144~~515474 North Carolina 2 26,~~742~~722,~~205~~086.8684 2.73 9089 7.1773 1.~~395206~~368904 Oklahoma 1 7,~~218~~213,~~016~~927.9239 0.74 9190 7.4400 12.~~980000~~110000 Pennsylvania 6 83,~~044~~018,~~911~~508.7411 8.48 8786 7.~~2018~~2017 1.~~712260~~697069 South Carolina 1 11,~~631~~623,~~915~~432.6793 1.19 9089 7.2900 1.~~250000~~330000 Tennessee 4 9,~~764~~758,~~684~~824.1129 1.00 8887 8.0249 1.~~343153~~260416 Texas 26 119,~~288~~184,~~862~~175.8918 12.18 8584 7.~~5499~~5501 1.~~554978~~496573 Virginia 6 37,~~851~~746,~~249~~221.7500 3.8786 9089 7.~~3301~~3304 1.~~544571~~493764 Washington,DC 1 52,~~739~~676,~~567~~210.3441 5.3938 8887 7.5800 1.530000 Wisconsin 1 2,~~814~~811,~~829~~558.0855 0.29 8887 7.7500 01.~~680468~~580000 Totals 135 ~~979~~978,~~283~~449,~~024~~594.7585 100.00 8685 7.~~6629~~6630 1.~~498674~~459273

Debt Service Coverage Ratio(1) Debt Service # of Scheduled % of Weighted Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Unknown 1 1,385,284.48 0.14 115 6.8280 NAP 1.04 or less 1218 ~~103~~157,~~659~~161,~~298~~252.0069 1016.5906 7881 7.~~8718~~8408 0.~~907923~~891074 1.05 to 1.14 8 7093,~~069~~769,~~737~~590.6776 79.1658 88 7.~~3106~~3707 1.~~118483~~087372 1.15 to 1.19 78 90105,~~182~~205,~~069~~409.8915 910.2175 8986 7.~~5830~~5515 1.~~181911~~178893 1.20 to 1.24 43 129,~~084~~598,~~890~~669.1723 10.2398 8887 7.~~5670~~6567 1.~~232481~~230580 1.25 to 1.29 82 7820,~~270~~034,~~010~~922.3415 72.9905 8785 78.~~7169~~0611 1.~~276001~~274214 1.30 to 1.34 7 5942,~~320~~023,~~856~~578.4903 64.0629 8187 87.~~1922~~6785 1.~~312647~~312658 1.35 to 1.39 1012 70110,~~538~~862,~~351~~342.2600 711.2033 8986 7.~~3553~~6286 1.~~366258~~361758 1.40 to 1.44 65 8147,~~412~~228,~~580~~230.3513 84.3183 8884 78.~~5635~~0811 1.~~412524~~421976 1.45 to 1.49 5 2227,~~773~~132,~~179~~612.6439 2.3377 8887 7.~~5449~~3679 1.~~478118~~478130 1.50 to 1.54 34 6678,~~231~~711,~~275~~701.4472 68.7604 8887 7.~~5929~~5982 1.~~527206~~529763 1.55 to 1.59 3 4321,~~454~~169,~~596~~371.6362 42.4416 8688 87.~~0852~~3819 1.~~569045~~571328 1.60 to 1.64 76 3716,~~461~~624,~~320~~037.0414 31.8370 8887 7.~~7413~~6586 1.~~606105~~614240 1.65 to 1.69 34 4447,~~677~~891,~~273~~387.2640 4.5689 8681 7.~~8803~~9078 1.~~674588~~674954 1.70 to 1.74 65 5347,~~086~~742,~~030~~282.6138 54.4288 8786 7.~~6289~~9132 1.~~718378~~716391 1.75 to 1.79 42 1622,~~442~~431,~~135~~648.0838 12.6829 8786 7.~~9453~~9902 1.~~767496~~786076 1.80 to 1.89 69 3039,~~461~~790,~~499~~519.7507 34.1107 8785 87.~~1002~~9335 1.~~858158~~848645 1.90 to 1.94 21 84,~~085~~786,~~404~~725.5131 0.8349 87 7.~~8645~~7000 1.~~900000~~910000 1.95 to 1.99 10 ~~7,218,016~~0.9200 0.7400 910 70.~~4400~~0000 10.~~980000~~000000 2.00 or greater 5 8284,~~477~~900,~~051~~030.8982 8.4268 86 7.~~2610~~2514 2.~~910292~~893105 Totals 108 ~~979~~978,~~283~~449,~~024~~594.7585 100.00 8685 7.~~6629~~6630 1.~~498674~~459273

Property Type Property # of Scheduled % of Weighted Type Props Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Industrial 7 49,~~232~~202,~~883~~375.7731 5.03 8786 8.0948 1.~~270621~~344833 Lodging 8 61,~~417~~406,~~878~~698.2230 6.2728 8786 7.~~9266~~9265 1.~~478235~~111771 Mixed Use 3 36,~~573~~565,~~512~~584.4539 3.7374 8584 7.~~8706~~8705 3.~~415302~~424682 Mobile Home Park 1 882,~~855~~397.6039 0.09 2726 8.5000 1.~~150000~~170000 Multi-Family 40 328,~~661~~478,~~843~~496.0850 33.5657 8483 7.5036 1.~~292153~~256206 Office 29 283,~~684~~299,~~280~~033.4514 28.9795 8786 7.~~7245~~7248 1.~~617578~~591274 Retail 27 184,~~449~~273,~~140~~342.2092 18.8483 9089 7.~~5642~~5644 1.~~357790~~371671 Self Storage 20 34,~~380~~341,~~630~~666.9890 3.51 8887 7.8750 1.~~580792~~482822 Totals 135 ~~979~~978,~~283~~449,~~024~~594.7585 100.00 8685 7.~~6629~~6630 1.~~498674~~459273

Note Rate Note # of Scheduled % of Weighted Rate Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 6.999% or less 7 54,~~640~~591,~~557~~943.9093 5.58 9392 6.8089 1.~~862974~~864105 7.000% to 7.249% 14 132,~~596~~286,~~715~~270.9873 13.5452 9088 7.~~1766~~1765 1.~~303435~~304468 7.250% to 7.499% 22 225,~~276~~158,~~948~~935.6295 23.0001 8786 7.3438 1.~~451770~~410566 7.500% to 7.749% 14 120,~~429~~322,~~834~~245.4278 12.30 8887 7.6057 1.~~435733~~400610 7.750% to 7.999% 18 191,~~413~~323,~~211~~944.1196 19.55 8887 7.8028 1.~~845959~~713420 8.000% to 8.249% 15 130,~~887~~798,~~908~~946.1162 13.37 7978 8.~~0485~~0486 1.~~154494~~150744 8.250% to 8.499% 8 44,~~881~~856,~~883~~889.5428 4.58 8180 8.3466 1.~~510797~~587905 8.500% to 8.749% 8 62,~~904~~866,~~074~~438.6929 6.4243 8281 8.6570 1.~~521725~~514844 8.750% or greater 2 16,~~251~~243,~~890~~979.3831 1.66 8180 8.8577 1.~~542295~~389739 Totals 108 ~~979~~978,~~283~~449,~~024~~594.7585 100.00 8685 7.~~6629~~6630 1.~~498674~~459273

Seasoning # of Scheduled % of Weighted Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 12 months or less 0 0.00 0.00 0 0.0000 0.000000 13 to 24 months 0 0.00 0.00 0 0.0000 0.000000 25 to 36 months ~~105~~100 ~~929~~904,~~926~~979,~~282~~188.5913 9492.9649 8786 7.~~6062~~5880 1.~~504610~~469030 37 to 48 months 38 4973,~~356~~470,~~742~~406.1672 57.0451 81 8.~~7306~~5870 1.~~386827~~339090 49 months and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 108 ~~979~~978,~~283~~449,~~024~~594.7585 100.00 8685 7.~~6629~~6630 1.~~498674~~459273

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 32,~~143~~124,~~418~~289.0882 3.28 4847 8.0865 0.~~834770~~924742 61 to 84 months 917 85142,~~257~~067,~~201~~592.9052 814.7152 8081 8.~~4248~~3943 1.~~426617~~391936 85 to 108 months 8173 ~~798~~741,~~708~~363,~~474~~802.4478 8175.5677 8887 7.~~5869~~5285 1.~~458049~~409266 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 93 ~~916~~915,~~109~~555,~~094~~685.4212 93.5557 8685 7.~~6825~~6824 1.~~433255~~389576

Remaining Stated Term (Fully Amortizing Loans) Remaining # of Scheduled % of Weighted Stated Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 108 months or less 9 52,~~533~~301,~~372~~965.4380 5.3635 8887 7.~~4822~~4834 2.~~764228~~795794 109 to 120 months 6 10,~~640~~591,~~557~~943.9093 1.0908 ~~116~~115 6.8707 0.~~882843~~884174 121 to 144 months 0 0.00 0.00 0 0.0000 0.000000 145 to 300 months 0 0.00 0.00 0 0.0000 0.000000 301 to 348 months 0 0.00 0.00 0 0.0000 0.000000 349 to 360 months 0 0.00 0.00 0 0.0000 0.000000 361 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 15 6362,~~173~~893,~~930~~909.3373 6.4543 9392 7.~~3792~~3802 2.~~447341~~473859

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 61,250,000.00 6.2526 8786 7.3500 1.~~699551~~662327 108 months or less 0 0.00 0.00 0 0.0000 0.000000 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 144 months 0 0.00 0.00 0 0.0000 0.000000 145 to 300 months 12 249,~~235~~053,~~593~~231.5247 25.45 8786 7.~~5589~~5588 1.~~560322~~512378 301 to 348 months 73 597,~~686~~316,~~349~~350.6722 61.0305 8584 7.~~7654~~7655 1.~~326472~~283295 349 to 360 months 0 0.00 0.00 0 0.0000 0.000000 361 months or greater 1 7,~~937~~936,~~151~~103.2343 0.81 8685 7.8800 3.~~429208~~430000 Totals 93 ~~916~~915,~~109~~555,~~094~~685.4212 93.5557 8685 7.~~6825~~6824 1.~~433255~~389576

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 1 3,~~905~~902,~~516~~833.5904 0.40 8786 7.6000 1.230000 Unknown 1 1,~~377~~385,~~446~~284.8148 0.14 ~~116~~115 6.8280 NAP 1 year or less ~~103~~102 ~~945~~958,~~188~~524,~~867~~388.2335 9697.5296 8685 7.~~6512~~6586 1.~~504636~~460874 1 to 2 years 34 2814,~~811~~637,~~194~~088.1298 21.9450 86 8.~~0961~~0452 1.~~411144~~553680 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 108 ~~979~~978,~~283~~449,~~024~~594.7585 100.00 8685 7.~~6629~~6630 1.~~498674~~459273 (1)The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. "NAP" means not applicable and relates to the omission of credit lease loans in the calculation of DSCR. (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.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type(1) City State Payment Payment Coupon 265950394 1 OF Washington DC 344,242.88 63,356.93 7.580% 265950357 2 LO Various Various 333,680.56 0.00 7.750% 510000162 3 OF Philadelphia PA 257,417.11 0.00 6.794% 265950334 4 MF La Jolla CA 231,431.61 20,231.49 8.030% 510000172 5 RT Islip NY 215,028.71 20,049.09 7.770% 603000006 6 MF Tallahassee FL 187,639.79 22,994.45 7.210% 603000007 7 MF Various FL 194,309.95 16,839.35 8.050% 603000008 8 OF Anaheim CA 194,615.36 13,267.89 8.700% 510000146 9 OF Gaithersburg MD 173,424.92 13,528.91 8.330% 265950525 10 MU Sacramento CA 154,375.00 0.00 7.800% 265950455 11 MF Las Vegas NV 142,793.75 0.00 7.370% 265950554 12 OF New York NY 135,505.67 16,612.90 7.160% 510000160 13 RT Kaneohe HI 139,526.54 22,554.87 8.000% 265950520 14 MF Las Vegas NV 122,116.25 15,512.10 7.090% 510000165 15 SS Various Various 121,187.33 20,253.41 7.875% 265950445 16 IN Lake Forest CA 116,257.67 11,362.20 7.700% 265950532 17 RT Asheboro NC 104,158.95 12,675.22 7.178% 510000166 18 SS Various Various 111,956.32 18,710.67 7.875% 265950489 19 MF Riverside CA 99,614.43 11,668.33 7.320% 265950448 20 MF Neptune City NJ 97,175.32 19,919.39 7.250% 265950378 21 MF Irving TX 94,937.50 0.00 7.350% 510000129 22 OF New York NY 111,395.44 7,102.24 8.870% 503000023 23 MF Moon Township PA 89,921.79 10,275.52 7.380% 265950381 24 MF Irving TX 90,190.63 0.00 7.350% 265950457 25 RT Woodbridge VA 78,598.60 9,154.48 7.300% 265950614 26 MF Bloomington IN 79,190.51 7,003.20 7.440% 265950322 27 OF Bensalem Township PA 85,062.21 7,137.69 8.140% 265950611 28 RT Los Angeles CA 74,961.50 8,205.95 7.410% 503000029 29 RT Bluffton SC 73,019.35 8,482.74 7.290% 265950533 30 RT Randleman NC 61,119.08 7,443.80 7.176% 510000153 31 IN Santa Cruz CA 71,474.55 4,728.33 8.650% 265950386 32 MF Dallas TX 60,127.08 0.00 7.350% 265950400 33 RT Chesapeake VA 59,871.47 6,553.91 7.500% 265950450 34 MF Wilmington DE 56,985.53 11,681.12 7.250% 510000169 35 RT Bangor ME 58,007.12 6,710.78 7.300% 265950449 36 MF Matawan NJ 55,785.83 11,435.21 7.250% 510000128 37 IN Sunnyvale CA 65,055.37 4,721.71 8.590% 265330988 38 MU Santa Monica CA 54,093.99 5,002.49 7.940% 510000151 39 OF New York NY 53,857.98 1,047.80 7.880% 265950566 40 OF Richmond VA 38,346.99 49,587.14 7.220% 265330998 41 OF Los Angeles CA 52,461.36 4,147.48 8.300% 265330995 42 OF San Francisco CA 50,453.14 4,579.20 8.000% 265950562 43 OF Houston TX 37,324.40 48,264.82 7.220% 265950619 44 MF Norman OK 46,243.43 4,089.53 7.440% 265330972 45 LO Sabal Park FL 47,791.16 6,246.30 8.700% 265950561 46 OF Birmingham AL 33,234.06 42,975.52 7.220% 265950377 47 MF Richardson TX 39,557.29 0.00 7.350% 265950384 48 MF Bedford TX 39,557.29 0.00 7.350% 510000168 49 RT Jacksonville FL 37,288.64 4,172.32 7.380% 510000148 50 OF Parsippany NJ 42,112.46 3,093.08 8.480% 510000144 51 RT Los Angeles CA 41,005.28 2,944.04 8.530% 265950348 52 OF Austin TX 35,215.22 3,471.04 7.750% 265950458 53 MF Safety Harbor FL 35,069.90 3,403.90 7.770% 265950395 54 IN Augusta GA 34,797.05 3,351.90 7.750% 265950387 55 MF Dallas TX 33,228.13 0.00 7.350% 510000163 56 MF Joliet IL 33,109.01 3,599.75 7.500% 265950456 57 OF Alexandria VA 32,567.83 3,577.92 7.440% 265330973 58 LO Tallahassee FL 37,747.78 4,933.62 8.700% 265950321 59 MU Las Vegas NV 34,259.96 2,925.57 8.100% 510000156 60 MF Lafayette Hills PA 29,936.41 3,800.15 7.140% 265950435 61 RT Morrow GA 32,119.89 3,238.57 7.680% 510000152 62 MF Monterey CA 31,738.24 3,297.55 7.625% 265950390 63 RT Cupertino CA 31,759.70 3,175.35 7.700% 265950444 64 OF San Clemente CA 31,629.88 3,091.28 7.700% 265950382 65 MF San Antonio TX 30,063.54 0.00 7.350% 510000159 66 RT Austin TX 31,681.15 2,805.78 8.000% 265950349 67 OF Austin TX 29,346.02 2,892.53 7.750% 265950565 68 OF Richmond VA 21,474.32 27,768.79 7.220% 510000145 69 RT Jacksonville FL 28,400.78 2,394.56 8.170% 503000070 70 OF Pittsburgh PA 27,110.60 2,506.72 7.900% 603000071 71 MF Patton Township PA 25,559.44 2,683.55 7.600% 265950317 72 IN Memphis TN 25,348.23 2,058.93 8.140% 825999645 73 RT Galt CA 16,550.89 17,375.69 6.942% 265950370 74 MF Pasadena TX 23,053.96 1,830.70 8.290% 510000164 75 MF Farmers Branch TX 20,496.06 2,228.41 7.500% 265950372 76 MF Arlington TX 22,147.92 1,735.32 8.180% 265950560 77 OF Birmingham AL 15,338.80 19,834.85 7.220% 265950563 78 OF Houston TX 15,338.80 19,834.85 7.220% 265950459 79 RT Palm Beach Garden FL 18,843.50 1,940.34 7.630% 265950422 80 IN Green Bay WI 18,785.07 3,270.53 7.750% 510000161 81 OF Healdsburg CA 19,221.84 1,690.45 8.000% 825999649 82 RT Palm Desert CA 12,961.58 13,918.42 6.828% 265950365 83 MF Newark DE 15,173.59 1,565.73 7.625% 265950328 84 RT Sterling IL 14,800.69 1,636.18 7.460% 265950481 85 MF Detroit MI 14,807.93 1,495.07 7.640% 265950431 86 RT Stamford CT 14,977.85 1,375.27 7.900% 510000158 87 MF Johnson Ciy TN 14,559.85 1,289.46 8.000% 265330960 88 MF Clarksville TN 14,256.59 1,332.40 7.875% 265950559 89 OF Birmingham AL 10,737.16 13,884.40 7.220% 265950369 90 MF Woburn MA 13,131.94 0.00 7.625% 265330945 91 OF San Francisco CA 13,077.28 1,250.96 7.750% 510000157 92 MF Johnson Ciy TN 13,312.82 1,179.03 8.000% 825999532 93 RT Portage MI 8,596.09 8,939.74 6.990% 510000154 94 IN Plano TX 11,459.14 1,014.86 8.000% 510000149 95 RT Albuquerque NM 12,565.08 808.83 8.750% 825999737 96 RT Roanoke VA 7,797.51 8,386.51 6.820% 825999799 97 RT Warren MI 7,179.94 7,831.28 6.750% 265950312 98 OF Encino CA 10,518.71 776.08 8.470% 265950564 99 OF San Antonio TX 7,158.11 9,256.26 7.220% 265950440 100 MF Naples FL 8,492.68 788.21 7.875% 265950353 101 OF White Plains NY 8,778.92 709.58 8.250% 265950367 102 MF Stuart FL 8,548.81 638.95 8.400% 265330909 103 MH Roanoke TX 6,462.01 458.21 8.500% 265950423 104 RT Meridian ID 5,968.89 524.93 8.000% 265950429 105 MF Carson City NV 5,673.56 559.23 7.750% 265950409 106 RT Long Beach CA 4,776.97 336.30 8.500% 265950428 107 MF Brookline MA 3,682.33 269.48 8.415% 825999649 108 RT Palm Desert CA 7,837.67 0.00 6.828% Totals 6,454,722.77 841,267.57

Loan Anticipated Neg Beginning Ending Paid Number Repayment Maturity Amort Scheduled Scheduled Thru Date Date (Y/N) Balance Balance Date 265950394 N/A 02/01/2011 N 52,~~813~~739,~~561~~567.4934 52,~~739~~676,~~567~~210.3441 1011/01/2003 265950357 N/A 01/01/2011 N 50,000,000.00 50,000,000.00 1011/01/2003 510000162 01/31/2011 01/01/2029 N 44,000,000.00 44,000,000.00 1011/01/2003 265950334 N/A 01/01/2011 N 33,~~496~~469,~~913~~400.4755 33,~~469~~449,~~400~~169.5506 1011/01/2003 510000172 06/01/2011 06/01/2031 N 32,~~164~~137,~~618~~806.1525 32,~~137~~117,~~806~~757.2516 1011/01/2003 603000006 02/01/2011 02/01/2031 N 30,~~251~~222,~~380~~506.1832 30,~~222~~199,~~506~~511.3287 1011/01/2003 603000007 N/A 01/01/2008 N 28,~~054~~031,~~042~~088.1673 28,~~031~~014,~~088~~249.7338 1011/01/2003 603000008 07/01/2010 07/01/2030 N 25,~~996~~977,~~983~~578.1806 25,~~977~~964,~~578~~310.0617 1011/01/2003 510000146 11/01/2010 11/01/2030 N 24,~~196~~177,~~264~~273.6926 24,~~177~~163,~~273~~744.2635 1011/01/2003 265950525 N/A 11/10/2010 N 23,750,000.00 23,750,000.00 1011/10/2003 265950455 N/A 01/01/2011 N 22,500,000.00 22,500,000.00 1011/01/2003 265950554 04/01/2011 04/01/2031 N 21,~~998~~977,~~711~~852.5900 21,~~977~~961,~~852~~239.00 10 11/01/2003 510000160 N/A 01/01/2011 N 20,~~280~~253,~~729~~852.1863 20,~~253~~231,~~852~~297.6376 1011/01/2003 265950520 N/A 03/01/2011 N 20,~~021~~001,~~088~~751.6759 2019,~~001~~986,~~751~~239.5949 1011/01/2003 510000165 02/01/2011 02/01/2026 N 17,~~894~~870,~~948~~943.4329 17,~~870~~850,~~943~~689.2988 1011/01/2003 265950445 N/A 04/01/2011 N 17,~~548~~533,~~640~~623.0595 17,~~533~~522,~~623~~261.9575 1011/01/2003 265950532 N/A 04/01/2011 N 16,~~867~~851,~~259~~320.8602 16,~~851~~838,~~320~~644.0280 0911/01/2003 510000166 02/01/2011 02/01/2026 N 16,~~531~~509,~~864~~687.3168 16,~~509~~490,~~687~~977.6801 1011/01/2003 265950489 N/A 02/01/2011 N 15,~~818~~803,~~243~~452.5912 15,~~803~~791,~~452~~783.1279 1011/01/2003 265950448 N/A 02/01/2011 N 15,~~588~~565,~~262~~346.2764 15,~~565~~545,~~346~~427.6425 1011/01/2003 265950378 N/A 01/01/2011 N 15,000,000.00 15,000,000.00 1011/01/2003 510000129 N/A 06/01/2010 N 14,~~594~~584,~~883~~266.9478 14,~~584~~577,~~266~~164.7854 1011/01/2003 503000023 N/A 02/01/2011 N 14,~~162~~149,~~866~~770.4274 14,~~149~~139,~~770~~495.7422 1011/01/2003 265950381 N/A 01/01/2011 N 14,250,000.00 14,250,000.00 1011/01/2003 265950457 N/A 03/01/2011 N 12,~~515~~503,~~152~~533.5834 12,~~503~~494,~~533~~378.3486 1011/01/2003 265950614 N/A 05/01/2011 N 12,~~370~~360,~~141~~642.0117 12,~~360~~353,~~642~~638.1797 1011/01/2003 265950322 N/A 12/01/2010 N 12,~~145~~135,~~186~~371.6055 12,~~135~~128,~~371~~233.5586 1011/01/2003 265950611 N/A 11/01/2009 N 11,~~758~~747,~~475~~916.2538 11,~~747~~739,~~916~~710.3843 1011/01/2003 503000029 N/A 04/01/2011 N 11,~~642~~631,~~688~~915.4367 11,~~631~~623,~~915~~432.6793 1011/01/2003 265950533 N/A 04/01/2011 N 9,~~900~~890,~~245~~885.2584 9,~~890~~883,~~885~~442.8404 0911/01/2003 510000153 N/A 01/01/2011 N 9,~~602~~595,~~671~~688.7614 9,~~595~~590,~~688~~959.1481 1011/01/2003 265950386 N/A 01/01/2011 N 9,500,000.00 9,500,000.00 1011/01/2003 265950400 N/A 01/01/2011 N 9,~~278~~270,~~853~~420.5499 9,~~270~~263,~~420~~867.9908 1011/01/2003 265950450 N/A 02/01/2011 N 9,~~141~~127,~~264~~826.9679 9,~~127~~116,~~826~~145.7967 1011/01/2003 510000169 N/A 04/01/2011 N 9,~~236~~227,~~352~~822.7465 9,~~227~~221,~~822~~111.6587 1011/01/2003 265950449 N/A 02/01/2011 N 8,~~948~~935,~~817~~661.1285 8,~~935~~924,~~661~~226.8564 1011/01/2003 510000128 N/A 06/01/2010 N 8,~~801~~794,~~669~~897.1232 8,~~794~~790,~~897~~175.3261 1011/01/2003 265330988 N/A 11/01/2010 N 7,~~918~~911,~~393~~690.8978 7,~~911~~906,~~690~~688.7829 1011/01/2003 510000151 N/A 12/01/2010 N 7,~~939~~937,~~918~~151.2123 7,~~937~~936,~~151~~103.2343 1011/01/2003 265950566 N/A 05/01/2011 N 6,~~218~~167,~~385~~865.6648 6,~~167~~118,~~865~~278.4834 1011/01/2003 265330998 11/01/2010 11/01/2030 N 7,~~345~~340,~~905~~105.0034 7,~~340~~335,~~105~~957.3486 1011/01/2003 265330995 N/A 10/01/2010 N 7,~~330~~323,~~008~~842.2462 7,~~323~~319,~~842~~263.6242 1011/01/2003 265950562 N/A 05/01/2011 N 6,~~052~~003,~~562~~389.0508 65,~~003~~955,~~389~~124.0826 1011/01/2003 265950619 N/A 05/01/2011 N 7,~~223~~218,~~563~~016.7892 7,~~218~~213,~~016~~927.9239 1011/01/2003 265330972 N/A 11/01/2010 N 6,~~386~~379,~~974~~242.6374 6,~~379~~372,~~242~~996.7444 1011/01/2003 265950561 N/A 05/01/2011 N 5,~~389~~345,~~267~~483.5641 5,~~345~~302,~~483~~507.4189 1011/01/2003 265950377 N/A 01/01/2011 N 6,250,000.00 6,250,000.00 1011/01/2003 265950384 N/A 01/01/2011 N 6,250,000.00 6,250,000.00 1011/01/2003 510000168 N/A 04/01/2011 N 5,~~872~~867,~~948~~606.8553 5,~~867~~863,~~606~~434.5321 1011/01/2003 510000148 N/A 10/01/2010 N 5,~~771~~767,~~495~~074.1382 5,~~767~~763,~~074~~981.8274 1011/01/2003 510000144 N/A 10/01/2010 N 5,~~586~~582,~~772~~535.6799 5,~~582~~579,~~535~~591.9995 1011/01/2003 265950348 N/A 01/01/2011 N 5,~~281~~276,~~364~~786.4297 5,~~276~~273,~~786~~315.9793 1011/01/2003 265950458 N/A 02/01/2011 N 5,~~245~~241,~~991~~485.2827 5,~~241~~238,~~485~~081.2737 1011/01/2003 265950395 N/A 03/01/2011 N 5,~~218~~214,~~571~~125.4274 5,~~214~~210,~~125~~773.7484 1011/01/2003 265950387 N/A 01/01/2011 N 5,250,000.00 5,250,000.00 1011/01/2003 510000163 N/A 02/01/2011 N 5,~~131~~126,~~195~~556.6586 5,~~126~~122,~~556~~957.8611 1011/01/2003 265950456 N/A 03/01/2011 N 5,~~088~~083,~~028~~428.6366 5,~~083~~079,~~428~~850.6674 1011/01/2003 265330973 N/A 11/01/2010 N 5,~~044~~038,~~742~~635.5048 5,~~038~~033,~~635~~701.4886 1011/01/2003 265950321 N/A 12/01/2010 N 4,~~915~~911,~~825~~821.3867 4,~~911~~908,~~821~~896.6710 0911/01/2003 510000156 N/A 01/01/2011 N 4,~~873~~869,~~765~~027.4478 4,~~869~~865,~~027~~227.7863 1011/01/2003 265950435 N/A 02/01/2011 N 4,~~861~~856,~~086~~838.0655 4,~~856~~853,~~838~~599.5598 1011/01/2003 510000152 N/A 01/01/2011 N 4,~~838~~833,~~039~~745.7971 4,~~833~~830,~~745~~448.7116 1011/01/2003 265950390 N/A 02/01/2011 N 4,~~794~~789,~~073~~900.7466 4,~~789~~786,~~900~~725.6631 1011/01/2003 265950444 N/A 04/01/2011 N 4,~~774~~770,~~406~~321.5618 4,~~770~~767,~~321~~229.1890 1011/01/2003 265950382 N/A 01/01/2011 N 4,750,000.00 4,750,000.00 1011/01/2003 510000159 N/A 01/01/2011 N 4,~~602~~598,~~679~~876.1575 4,~~598~~596,~~876~~070.7597 1011/01/2003 265950349 N/A 01/01/2011 N 4,~~401~~397,~~137~~322.0248 4,~~397~~394,~~322~~429.4895 1011/01/2003 265950565 N/A 05/01/2011 N 3,~~482~~454,~~296~~004.0575 3,~~454~~426,~~004~~235.7596 1011/01/2003 510000145 10/01/2010 10/01/2030 N 4,~~040~~036,~~197~~909.5724 4,~~036~~034,~~909~~514.2468 1011/01/2003 503000070 N/A 01/01/2011 N 3,~~988~~985,~~584~~225.2208 3,~~985~~982,~~225~~718.0836 1011/01/2003 603000071 N/A 01/01/2011 N 3,~~909~~905,~~002~~516.5659 3,~~905~~902,~~516~~833.5904 1011/01/2003 265950317 N/A 03/01/2011 N 3,~~619~~616,~~153~~296.4420 3,~~616~~614,~~296~~237.2027 1011/01/2003 825999645 N/A 06/01/2013 N 2,~~878~~861,~~275~~000.8106 2,~~861~~843,~~000~~624.0637 1011/01/2003 265950370 N/A 11/01/2005 N 3,~~232~~229,~~030~~473.4775 3,~~229~~227,~~473~~643.7505 1011/01/2003 510000164 N/A 02/01/2011 N 3,~~176~~173,~~454~~582.4784 3,~~173~~171,~~582~~354.8443 0911/01/2003 265950372 N/A 11/01/2010 N 3,~~146~~144,~~707~~273.1495 3,~~144~~142,~~273~~538.9563 0809/01/2003 265950560 N/A 05/01/2011 N 2,~~487~~467,~~354~~146.3427 2,~~467~~447,~~146~~311.2742 1011/01/2003 265950563 N/A 05/01/2011 N 2,~~487~~467,~~354~~146.3427 2,~~467~~447,~~146~~311.2742 1011/01/2003 265950459 N/A 02/01/2011 N 2,~~870~~867,~~522~~990.7868 2,~~867~~866,~~990~~050.6834 1011/01/2003 265950422 N/A 02/01/2011 N 2,~~818~~814,~~680~~829.7008 2,~~814~~811,~~829~~558.0855 1011/01/2003 510000161 N/A 02/01/2011 N 2,~~792~~790,~~561~~266.8867 2,~~790~~788,~~266~~576.6722 1011/01/2003 825999649 N/A 06/01/2013 N 2,~~291~~277,~~797~~957.2860 2,~~277~~264,~~957~~039.6018 1011/01/2003 265950365 N/A 02/01/2011 N 2,~~312~~310,~~985~~942.1895 2,~~310~~309,~~942~~377.9522 1011/01/2003 265950328 N/A 02/01/2011 N 2,~~306~~304,~~108~~008.7216 2,~~304~~302,~~008~~371.1698 1011/01/2003 265950481 N/A 03/01/2011 N 2,~~252~~250,~~786~~826.3812 2,~~250~~249,~~826~~331.1205 1011/01/2003 265950431 N/A 02/01/2011 N 2,~~203~~201,~~572~~725.1689 2,~~201~~200,~~725~~350.8962 1011/01/2003 510000158 N/A 01/01/2011 N 2,~~115~~113,~~273~~526.8941 2,~~113~~112,~~526~~236.4195 1011/01/2003 265330960 N/A 01/01/2011 N 2,~~104~~102,~~135~~354.4282 2,~~102~~101,~~354~~022.8242 09/01/2003 265950559 N/A 05/01/2011 N 1,~~741~~727,~~147~~002.8823 1,~~727~~713,~~002~~117.2383 1011/01/2003 265950369 N/A 01/01/2011 N 2,000,000.00 2,000,000.00 1011/01/2003 265330945 N/A 04/01/2011 N 1,~~961~~959,~~212~~550.6254 1,~~959~~958,~~550~~299.5458 1011/01/2003 510000157 N/A 01/01/2011 N 1,~~934~~932,~~104~~506.5068 1,~~932~~931,~~506~~327.6865 1011/01/2003 825999532 N/A 06/01/2013 N 1,~~484~~475,~~611~~723.4548 1,~~475~~466,~~723~~783.4874 1011/01/2003 510000154 N/A 01/01/2011 N 1,~~664~~663,~~798~~423.6834 1,~~663~~662,~~423~~408.3448 1011/01/2003 510000149 N/A 11/01/2010 N 1,~~668~~667,~~828~~623.9760 1,~~667~~666,~~623~~814.6077 0911/01/2003 825999737 N/A 06/01/2013 N 1,~~380~~371,~~335~~996.6453 1,~~371~~363,~~996~~610.5302 10/01/2003 825999799 N/A 06/01/2013 N 1,~~284~~276,~~220~~433.9042 1,~~276~~268,~~433~~602.4214 1011/01/2003 265950312 N/A 10/01/2010 N 1,~~443~~442,~~288~~180.2769 1,~~442~~441,~~180~~404.6961 1011/01/2003 265950564 N/A 05/01/2011 N 1,~~160~~151,~~765~~334.3794 1,~~151~~142,~~334~~078.9468 1011/01/2003 265950440 N/A 02/01/2011 N 1,~~253~~252,~~432~~377.3612 1,~~252~~251,~~377~~588.1291 1011/01/2003 265950353 N/A 11/01/2010 N 1,~~236~~235,~~728~~742.7475 1,235,~~742~~033.7517 1011/01/2003 265950367 N/A 12/01/2010 N 1,~~182~~181,~~770~~862.9054 1,181,~~862~~223.5459 1011/01/2003 265330909 N/A 01/01/2006 N ~~883~~882,~~517~~855.5760 882,~~855~~397.6039 1011/01/2003 265950423 N/A 02/01/2011 N ~~867,163.85~~ 866,451.12 10865,926.19 11/01/2003 265950429 N/A 01/01/2011 N 850,~~886~~148.3789 ~~850~~849,~~148~~589.8966 1011/01/2003 265950409 N/A 02/01/2011 N ~~653~~652,~~128~~641.3036 652,~~641~~305.3606 1011/01/2003 265950428 N/A 02/01/2011 N 508,~~555~~170.9539 ~~508~~507,~~170~~900.3991 1011/01/2003 825999649 N/A 06/01/2013 Y 1,~~369~~377,~~653~~446.4881 1,~~377~~385,~~446~~284.8148 1011/01/2003 Totals ~~980,274,869.30~~ 979,283,024.75 978,449,594.85

Appraisal Appraisal Res Mod Loan Number Reduction Reduction Strat. Code Date Amount (2) (3) 265950372 7 Totals 0.00 (1) Property Type Code SS- Self Storage MF- Multi-Family RT- Retail HC- Health Care IN- Industrial WH- Warehouse MH- Mobile Home Park OF- Office LO- Lodging MU- Mixed Use OT- Other IW- Industrial/Warehouse (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 11/17/2003 1 $2,101,022.42 0 $0.00 0 $0.00 0 $0.00 1 $3,142,538.63 0 $0.00 10/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 1 $3,144,273.95 0 $0.00 09/12/2003 1 $3,146,707.14 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 08/14/2003 1 $3,148,413.31 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 07/14/2003 1 $3,150,107.54 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 06/13/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 05/14/2003 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 03/14/2003 1 $3,158,170.52 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 02/14/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 01/14/2003 1 $3,163,536.46 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 12/13/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 ~~11/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 10/15/2002 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 11/17/2003 0 $0.00 0 $0.00 10/15/2003 0 $0.00 0 $0.00 09/12/2003 0 $0.00 0 $0.00 08/14/2003 0 $0.00 0 $0.00 07/14/2003 0 $0.00 0 $0.00 06/13/2003 0 $0.00 0 $0.00 05/14/2003 0 $0.00 0 $0.00 04/14/2003 0 $0.00 0 $0.00 03/14/2003 0 $0.00 0 $0.00 02/14/2003 0 $0.00 0 $0.00 01/14/2003 0 $0.00 0 $0.00 12/13/2002 0 $0.00 0 $0.00 ~~11/15/2002 0 $0.00 0 $0.00 10/15/2002 0 $0.00 0 $0.00~~

Rate and Maturities Distribution Next Weighted Avg. WAM Date Coupon Remit 11/17/2003 7.663010% 7.606435% 85 10/15/2003 7.662893% 7.606319% 86 09/12/2003 7.662796% 7.606222% 87 08/14/2003 7.662681% 7.606108% 88 07/12/2003 7.662566% 7.606796% 89 06/13/2003 7.662471% 7.606701% 90 05/14/2003 7.662358% 7.606589% 91 04/14/2003 7.662268% 7.606499% 92 03/14/2003 7.662158% 7.606390% 93 02/14/2003 7.662109% 7.606341% 94 01/14/2003 7.662001% 7.606233% 95 12/13/2002 7.661893% 7.606125% 96 ~~11/15/2002 7.661806% 7.606039% 97 10/15/2002 7.661669% 7.605932% 98~~ Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

Delinquency Loan Detail Offering # of Paid Current Outstanding Status of Loan Number Document Months Through P & I P & I Mortgage Cross-Reference Delinq. Date Advances Advances** Loan(1) ~~265950532 17 0 09/01/2003 116,131.37 116,131.37 B 265950533 30 0 09/01/2003 68,150.36 68,150.36 B 265950321 59 0 09/01/2003 36,980.71 36,980.71 B 510000164 75 0 09/01/2003 22,552.41 22,552.41 B~~ 265950372 76 1 0809/01/2003 2321,~~752~~737.1318 4745,~~504~~489.1829 9 265330960 88 01 09/01/2003 15,501.3139 1531,~~501~~002.3170 B1 ~~510000149~~825999737 9596 0 0910/01/2003 1316,~~283~~126.5186 1316,~~283~~126.5186 B Totals 73 ~~296~~53,~~351~~365.8043 ~~320~~92,~~103~~618.85

Resolution Actual Outstanding Loan Number Strategy Servicing Foreclosure Principal Servicing Bankruptcy REO Code(2) Transfer Date Date Balance Advances Date Date ~~265950532 16,867,259.86 0.00 265950533 9,900,245.25 0.00 265950321 4,915,825.38 0.00 510000164 3,176,454.47 0.00~~ 265950372 7 08/01/2003 3,~~148~~146,~~413~~707.3114 059,938.0050 10/07/2003 265330960 2,104,135.42 0.00 ~~510000149~~825999737 1,~~668~~371,~~828~~996.9753 0.00 Totals 416,~~781~~622,~~162~~839.6609 059,938.0050

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances Balance Advances Totals by Delinquency Code: Total for Status Code = 1 (1 Loan) 15,501.39 31,002.70 2,104,135.42 0.00 Total for Status Code = 9 (1 Loan) 21,737.18 45,489.29 3,146,707.14 59,938.50 Total for Status Code = B (1 Loan) 16,126.86 16,126.86 1,371,996.53 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 Offering Servicing Resolution Scheduled Property State Interest Documnet Transfer Strategy Balance Type Rate Loan Number Cross-Reference Date Code 265950372 76 08/01/2003 7 3,~~144~~142,~~273~~538.9563 MF TX 8.180%

Specially Serviced Loan Detail - Part 1 Net DSCR DSCR Note Maturity Remaining Actual Operating Date Date Date Amoritization Loan Number Balance Income Term 265950372 3,~~148~~146,~~413~~707.3114 175,179.79 12/31/2002 0.61 12/3101/2000 11/01/2010 ~~330~~329

(1) 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 (2) Property Type Code MF - Multi-Family RT - Retail HC - Health Care IN - Industrial WH - Warehouse MH - Mobile Home Park OU - Office MU - Mixed Use LO - Lodging SS - Self Storage OT - Other Specially Serviced Loan Detail - Part 2 Offering Resolution Site Other REO Documnet Strategy Inspection Phase 1 Date Appraisal Appraisal Property Loan Number Cross-Reference Code Date Date Value REvenue 265950372 76 7 09/23/2003 3,250,000.00 Comments from Special Servicer 265950372 Foreclosure October 7, 2003. (1) 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

Modified Loan Detail No Modified Loans Liquidated Loan Detail No Liquidated Loans

Filing Compare · FIRST UNION COMMERCIAL MORTGAGE PASS THR CER SER 2001-C2