8-K 1 bsc03pwr2.txt JANUARY 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 : January 12, 2004 (Date of earliest event reported) Commission File No.: 333-86366-03 Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates Series 2003-PWR2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2126349 54-2126350 54-2126351 54-6553654 54-6553655 (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 January 12, 2004 distribution was made to holders of Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-PWR2. 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-PWR2, relating to the January 12, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates Series 2003-PWR2 By: Wells Fargo Bank Minnesota, N.A., as Certificate Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: January 16, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2003-PWR2, relating to the January 12, 2004 distribution. Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Rd Columbia, MD 21045-1951 Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates Series 2003-PWR2 For Additional Information, please contact CTSlink Customer Service 301-815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date:01/12/2004 Record Date: 12/31/2003 DISTRIBUTION DATE STATEMENT Table of Contents 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 Bear Stearns Commercial Mortgage Securities 383 Madison Avenue New York, NY 10179 Contact: General Information Number Phone Number: (212) 272-2000 Master Servicer Wells Fargo Bank, National Association 45 Fremont Street, 2nd Floor investorreporting@wellsfargo.com San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (415) 222-2364 Master Servicer Prudential Asset Resources, Inc. 2200 Ross Avenue, Suite 4900E Dallas, TX 75201 Contact: Hal Collett Phone Number: (214) 721-6032 General Special Servicer GMAC Commercial Mortgage Corporatior 550 California Street San Francisco, CA 94104 Contact: CMBS Portfolio Manager Phone Number (415) 835-9200 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 07383FWC8 3.432000% 92,125,000.00 9189,~~246~~561,~~971~~812.3981 ~~800~~809,~~966~~415.8705 A-2 07383FWD6 4.382000% 125,000,000.00 ~~124~~123,~~420~~307,~~155~~287.3506 ~~528~~534,~~953~~532.5669 A-3 07383FXH6 4.834000% 97,156,000.00 97,156,000.00 0.00 A-4 07383FXJ2 5.186000% 608,255,000.00 608,255,000.00 0.00 B 07383FWE4 5.~~371840~~371508% 26,670,000.00 26,670,000.00 0.00 C 07383FWF1 5.~~470840~~470508% 28,004,000.00 28,004,000.00 0.00 D 07383FWG9 5.~~567840~~567508% 9,334,000.00 9,334,000.00 0.00 E 07383FWK0 5.~~844840~~844508% 12,000,000.00 12,000,000.00 0.00 F 07383FWL8 5.~~844840~~844508% 10,670,000.00 10,670,000.00 0.00 G 07383FWM6 5.~~844840~~844508% 9,335,000.00 9,335,000.00 0.00 H 07383FWN4 5.300000% 13,335,000.00 13,335,000.00 0.00 J 07383FWP9 5.300000% 5,334,000.00 5,334,000.00 0.00 K 07383FWQ7 5.300000% 5,334,000.00 5,334,000.00 0.00 L 07383FWR5 5.300000% 4,000,000.00 4,000,000.00 0.00 M 07383FWS3 5.300000% 5,334,000.00 5,334,000.00 0.00 N 07383FWT1 5.300000% 2,667,000.00 2,667,000.00 0.00 P 07383FWU8 5.300000% 12,002,323.00 12,002,323.00 0.00 R N/A 0.000000% 0.00 0.00 0.00 V N/A 0.000000% 0.00 0.00 0.00 Totals 1,066,555,323.00 1,~~065~~062,~~097~~299,~~449~~422.7487 1,~~329~~343,~~920~~947.4374

Class CUSIP Interest Prepayment Realized Loss/ Total Ending Balance Current Distribution Penalties Additional Trust Distribution Subordination Fund Expenses Level(1) A-1 07383FWC8 ~~260~~256,~~966~~146.3478 0.00 0.00 1,~~061~~065,~~933~~561.2183 9088,~~446~~752,~~004~~397.5276 13.5457% A-2 07383FWD6 ~~454~~450,~~340~~277.9311 0.00 0.00 ~~983~~984,~~294~~809.4980 ~~123~~122,~~891~~772,~~201~~754.7937 13.5457% A-3 07383FXH6 391,376.75 0.00 0.00 391,376.75 97,156,000.00 13.5457% A-4 07383FXJ2 2,628,675.36 0.00 0.00 2,628,675.36 608,255,000.00 13.5457% B 07383FWE4 119,~~389~~381.1576 0.00 0.00 119,~~389~~381.1576 26,670,000.00 11.0306% C 07383FWF1 127,~~671~~663.1841 0.00 0.00 127,~~671~~663.1841 28,004,000.00 8.4042% D 07383FWG9 43,~~308~~305.5293 0.00 0.00 43,~~308~~305.5293 9,334,000.00 7.5254% E 07383FWK0 58,~~448~~445.4008 0.00 0.00 58,~~448~~445.4008 12,000,000.00 6.3941% F 07383FWL8 51,~~970~~967.3741 0.00 0.00 51,~~970~~967.3741 10,670,000.00 5.3940% G 07383FWM6 45,~~467~~465.9940 0.00 0.00 45,~~467~~465.9940 9,335,000.00 4.5152% H 07383FWN4 58,896.25 0.00 0.00 58,896.25 13,335,000.00 3.2627% J 07383FWP9 23,558.50 0.00 0.00 23,558.50 5,334,000.00 2.7677% K 07383FWQ7 23,558.50 0.00 0.00 23,558.50 5,334,000.00 2.26% L 07383FWR5 17,666.67 0.00 0.00 17,666.67 4,000,000.00 1.8889% M 07383FWS3 23,558.50 0.00 0.00 23,558.50 5,334,000.00 1.38% N 07383FWT1 11,779.25 0.00 0.00 11,779.25 2,667,000.00 1.13% P 07383FWU8 53,010.26 0.00 0.00 53,010.26 12,002,323.00 0.00% R N/A 0.00 0.00 0.00 0.00 0.00 0.00% V N/A 0.00 0.00 0.00 0.00 0.00 0.00% Totals 4,~~393~~384,~~642~~732.92 0.00 0.00 5,~~723~~728,~~563~~680.3566 1,~~063~~060,~~767~~955,~~529~~475.3113

Original Beginning Pass-Through Notional Notional Class CUSIP Rate Amount Amount X-1 07383FWH7 0.~~066642~~061454% 1,066,555,323.00 1,~~065~~062,~~097~~299,~~449~~422.7487 X-2 07383FWJ3 0.~~858996~~858687% 1,026,748,000.00 1,026,748,000.00

Ending Interest Prepayment Total Notional Class CUSIP Distribution Penalties Distribution Amount X-1 07383FWH7 5954,~~150~~401.5584 0.00 5954,~~150~~401.5584 1,~~063~~060,~~767~~955,~~529~~475.3113 X-2 07383FWJ3 734,~~976~~712.9887 0.00 734,~~976~~712.9887 1,026,748,000.00 (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 Beginning Principal Interest Prepayment Realized Loss/ Class CUSIP Balance Distribution Distribution Penalties Additional Trust Ending Fund Expenses Balance A-1 07383FWC8 ~~990~~972.~~46916027~~17707256 8.~~69434866~~78605210 2.~~83274182~~78042638 0.00000000 0.00000000 ~~981~~963.~~77481161~~39102046 A-2 07383FWD6 ~~995~~986.~~36124280~~45829648 4.~~23162848~~27626152 3.~~63472744~~60221688 0.00000000 0.00000000 ~~991~~982.~~12961432~~18203496 A-3 07383FXH6 1,000.00000000 0.00000000 4.02833330 0.00000000 0.00000000 1,000.00000000 A-4 07383FXJ2 1,000.00000000 0.00000000 4.32166667 0.00000000 0.00000000 1,000.00000000 B 07383FWE4 1,000.00000000 0.00000000 4.~~47653356~~47625647 0.00000000 0.00000000 1,000.00000000 C 07383FWF1 1,000.00000000 0.00000000 4.~~55903371~~55875625 0.00000000 0.00000000 1,000.00000000 D 07383FWG9 1,000.00000000 0.00000000 4.~~63986715~~63958967 0.00000000 0.00000000 1,000.00000000 E 07383FWK0 1,000.00000000 0.00000000 4.~~87070000~~87042333 0.00000000 0.00000000 1,000.00000000 F 07383FWL8 1,000.00000000 0.00000000 4.~~87070009~~87042268 0.00000000 0.00000000 1,000.00000000 G 07383FWM6 1,000.00000000 0.00000000 4.~~87070059~~87042314 0.00000000 0.00000000 1,000.00000000 H 07383FWN4 1,000.00000000 0.00000000 4.41666667 0.00000000 0.00000000 1,000.00000000 J 07383FWP9 1,000.00000000 0.00000000 4.41666667 0.00000000 0.00000000 1,000.00000000 K 07383FWQ7 1,000.00000000 0.00000000 4.41666667 0.00000000 0.00000000 1,000.00000000 L 07383FWR5 1,000.00000000 0.00000000 4.41666750 0.00000000 0.00000000 1,000.00000000 M 07383FWS3 1,000.00000000 0.00000000 4.41666667 0.00000000 0.00000000 1,000.00000000 N 07383FWT1 1,000.00000000 0.00000000 4.41666667 0.00000000 0.00000000 1,000.00000000 P 07383FWU8 1,000.00000000 0.00000000 4.41666667 0.00000000 0.00000000 1,000.00000000 R N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 V 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 07383FWH7 ~~998~~996.~~63310114~~00967710 0.~~05545943~~05100705 0.00000000 ~~997~~994.~~38617057~~74959456 X-2 07383FWJ3 1,000.00000000 0.~~71582996~~71557273 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding 1915,~~207,290~~410.9233 Services Advances Outstanding 02,107.00 Reimbursement for Interest on Advances 0.00 paid from general collections

Servicing Fee Summary Current Period Accrued Master Servicing Fees 37,~~984~~886.9745 Less Delinquent Master Servicing Fees 98,~~776~~418.7180 Less Reductions to Master Servicing Fees 0.00 Plus Master Servicing Fees for Delinquent Payments Received 69,~~860~~599.1693 Plus Adjustments for Prior Master Servicing Calculation 0.00 Total Master Servicing Fees Collected 3539,~~068~~067.4258

Certificate Interest Reconciliation Class Accrued Net Aggregate Distribution Distributable Additional Interest Remaining Unpaid Certificate Prepatment Certificate Certificate Interest Trust Fund Distribution Distributable Interest Interest Shortfall Interest Adjustment Expenses Certificate Interest A-1 ~~260~~256,~~966~~146.3478 0.00 ~~260~~256,~~966~~146.3478 0.00 0.00 ~~260~~256,~~966~~146.3478 0.00 A-2 ~~454~~450,~~340~~277.9311 0.00 ~~454~~450,~~340~~277.9311 0.00 0.00 ~~454~~450,~~340~~277.9311 0.00 A-3 391,376.75 0.00 391,376.75 0.00 0.00 391,376.75 0.00 A-4 2,628,675.36 0.00 2,628,675.36 0.00 0.00 2,628,675.36 0.00 X-1 5954,~~150~~401.5584 0.00 5954,~~150~~401.5584 0.00 0.00 5954,~~150~~401.5584 0.00 X-2 734,~~976~~712.9887 0.00 734,~~976~~712.9887 0.00 0.00 734,~~976~~712.9887 0.00 B 119,~~389~~381.1576 0.00 119,~~389~~381.1576 0.00 0.00 119,~~389~~381.1576 0.00 C 127,~~671~~663.1841 0.00 127,~~671~~663.1841 0.00 0.00 127,~~671~~663.1841 0.00 D 43,~~308~~305.5293 0.00 43,~~308~~305.5293 0.00 0.00 43,~~308~~305.5293 0.00 E 58,~~448~~445.4008 0.00 58,~~448~~445.4008 0.00 0.00 58,~~448~~445.4008 0.00 F 51,~~970~~967.3741 0.00 51,~~970~~967.3741 0.00 0.00 51,~~970~~967.3741 0.00 G 45,~~467~~465.9940 0.00 45,~~467~~465.9940 0.00 0.00 45,~~467~~465.9940 0.00 H 58,896.25 0.00 58,896.25 0.00 0.00 58,896.25 0.00 J 23,558.50 0.00 23,558.50 0.00 0.00 23,558.50 0.00 K 23,558.50 0.00 23,558.50 0.00 0.00 23,558.50 0.00 L 17,666.67 0.00 17,666.67 0.00 0.00 17,666.67 0.00 M 23,558.50 0.00 23,558.50 0.00 0.00 23,558.50 0.00 N 11,779.25 0.00 11,779.25 0.00 0.00 11,779.25 0.00 P 53,010.26 0.00 53,010.26 0.00 0.00 53,010.26 0.00 Total 5,~~187~~173,~~770~~847.4563 0.00 5,~~187~~173,~~770~~847.4563 0.00 0.00 5,~~187~~173,~~770~~847.4563 0.00

Other Required Information Available Distribution Amount (1) 6,517,~~690~~795.8837 Principal Distribution Amount 1,~~329~~343,~~920~~947.4572 (a) Principal portion of Scheduled Payments 1,~~329~~343,~~920~~947.4572 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 Interest Reserve Account Deposits 0.00 Withdrawals 0.00 Aggregate Number of Outstanding Mortgage Loans 106 Aggregate Unpaid Principal Balance of the Mortgage Loans 1,~~063~~061,~~979~~117,~~225~~452.1664 Aggregate Scheduled Principal Balance of the Mortgage Loans 1,~~063~~060,~~767~~955,~~529~~475.3921 Total Servicing and Special Servicing Fee Paid 3539,~~068~~067.4258 Servicing Fee paid 3539,~~068~~067.4258 Special Servicing Fee paid 0.00 Trustee Fee paid ~~856~~854.8762 Paying Agent Fee paid 1,~~422~~418.0430 Report Administrator Fee paid 0.00 Expense Losses (Additional Trust Fund Expenses) 0.00 (i) Special Servicing and Liquidation Fees 0.00 (ii) Advance Interest 0.00 (iii) Indemnification Expenses 0.00 (iv) Taxes Imposed on the Trust 0.00 (v) Amount of any Advance not Recovered 0.00 upon a Final Recovery Determination

Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 5,~~228~~214,~~034~~007.3609 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,~~228~~214,~~034~~007.3609 Principal: Scheduled Principal 1,~~329~~343,~~920~~947.4572 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 1,~~329~~343,~~920~~947.4572 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 6,557,954.81 Total Funds Distributed Fees: Master Servicing Fee 37,~~984~~886.9745 Trustee Fee ~~856~~854.8762 Certificate Administration Fee 1,~~422~~418.0430 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 40,~~263~~159.8837 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,~~187~~173,~~770~~847.4563 Principal Distribution 1,~~329~~343,~~920~~947.4374 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 6,517,~~690~~795.8837 Total Funds Distributed 6,557,954.7674

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 999,999 2 1,~~534~~532,~~258~~558.5686 0.14 9896 5.~~6667~~6663 2.~~114109~~114868 1,000,000 to 1,999,999 6 9,~~412~~394,~~820~~019.3008 0.8889 ~~106~~104 6.~~0304~~0305 1.~~701361~~701836 2,000,000 to 3,999,999 31 94,~~496~~253,~~955~~341.1088 8.88 ~~119~~116 5.6899 1.~~628707~~628876 4,000,000 to 5,999,999 15 75,~~743~~527,~~027~~154.9242 7.12 ~~121~~119 5.~~6625~~6623 1.~~668447~~668624 6,000,000 to 7,999,999 19 133,~~838~~533,~~184~~537.9088 12.5859 ~~113~~111 5.~~5838~~5836 1.~~797348~~797658 8,000,000 to 9,999,999 8 71,~~341~~196,~~418~~227.8377 6.71 ~~106~~104 5.~~7177~~7173 1.~~718353~~718785 10,000,000 to 11,999,999 2 20,~~825~~794,~~128~~290.6569 1.96 ~~115~~113 5.~~7907~~7905 1.~~778113~~778541 12,000,000 to 13,999,999 1 12,~~435~~409,~~880~~437.0347 1.17 ~~115~~113 5.4400 1.500000 14,000,000 to 15,999,999 3 45,~~110~~048,~~769~~955.6506 4.2425 ~~116~~114 5.5619 1.~~628410~~628645 16,000,000 to 17,999,999 3 49,~~252~~138,~~073~~712.0299 4.63 ~~117~~115 5.~~7352~~7355 1.~~409941~~409947 18,000,000 to 19,999,999 4 7776,~~158~~888,~~410~~286.1147 7.25 ~~132~~130 5.~~3702~~3713 1.~~563601~~563347 20,000,000 to 29,999,999 7 184,~~713~~098,~~104~~839.3194 17.3635 ~~115~~113 5.4233 1.~~747115~~748356 Above 30,000,000 5 287,~~905~~140,~~498~~112.0170 27.06 ~~145~~142 6.~~1735~~1720 1.~~997481~~997483 Totals 106 1,~~063~~060,~~767~~955,~~529~~475.3921 100.00 ~~124~~122 5.~~7366~~7362 1.~~767034~~767351

State (3) # of Scheduled % of Weighted State Props. Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Alabama 1 29,350,000.00 2.7677 ~~118~~116 4.2700 3.080000 Alaska 1 ~~720~~717,~~473~~992.4042 0.07 ~~112~~110 6.5000 1.570000 Arizona 5 16,~~129~~100,~~143~~642.5131 1.52 ~~115~~113 5.~~6927~~6926 1.~~666947~~667178 California 26 ~~195~~194,~~408~~952,~~252~~631.6618 18.3738 ~~115~~113 5.7231 1.~~468917~~468913 Colorado 4 57,~~905~~766,~~103~~785.8810 5.44 ~~117~~115 5.~~9143~~9142 1.~~559713~~559709 Connecticut 1 10,000,000.00 0.94 ~~114~~112 5.6400 2.090000 Delaware 2 5,~~761~~735,~~400~~074.8844 0.54 ~~117~~115 5.4500 1.700000 Florida 7 35,~~478~~372,~~787~~233.3738 3.3433 ~~125~~123 5.~~7818~~7816 1.~~409980~~410184 Georgia 5 63,~~699~~644,~~193~~017.6570 56.9900 9492 4.~~9655~~9649 2.~~426039~~426807 Idaho 2 13,~~118~~065,~~362~~496.1829 1.23 ~~116~~114 6.4900 2.034985 Illinois 1 ~~207~~206,~~259~~545.4776 0.02 ~~112~~110 6.5000 1.570000 Indiana 1 ~~740~~737,~~212~~663.3944 0.07 ~~112~~110 6.5000 1.570000 Kansas 1 226,~~998~~216.4779 0.02 ~~112~~110 6.5000 1.570000 Maine 1 ~~572~~570,~~430~~459.9273 0.05 ~~112~~110 6.5000 1.570000 Maryland 4 33,~~384~~322,~~118~~494.1488 3.14 ~~118~~116 6.~~2653~~2655 1.~~442019~~441932 Massachusetts 4 33,~~744~~553,~~628~~254.5225 3.1716 ~~152~~150 5.~~0873~~0887 1.~~671886~~671707 Michigan 4 42,~~288~~187,~~235~~111.8430 3.98 ~~111~~109 5.3915 1.~~593255~~593260 Minnesota 1 3,~~438~~413,~~850~~873.6506 0.32 ~~175~~173 5.6100 1.480000 Montana 1 ~~355~~354,~~301~~078.9545 0.03 ~~112~~110 6.5000 1.570000 Nevada 3 8,~~305~~286,~~189~~109.4155 0.78 ~~115~~113 5.~~7972~~7971 1.~~584314~~584323 New Jersey 2 10,~~857~~827,~~193~~786.1570 1.02 9694 5.~~3317~~3316 1.~~720027~~720108 New Mexico 1 8,~~475~~458,~~248~~104.8426 0.80 ~~117~~115 5.6200 1.550000 New York 10 ~~154~~153,~~001~~487,~~864~~629.3184 14.4847 ~~178~~176 6.~~7172~~7158 2.~~194367~~194143 North Carolina 5 6665,~~114~~753,~~141~~395.3450 6.2220 ~~109~~107 5.~~2924~~2933 1.~~657227~~659467 North Dakota 1 ~~375~~373,~~040~~749.9548 0.04 ~~112~~110 6.5000 1.570000 Ohio 5 7,~~719~~701,~~484~~963.4384 0.73 ~~112~~110 6.~~1858~~1863 1.~~473187~~473194 Pennsylvania 12 26,~~783~~743,~~066~~926.3060 2.52 9896 5.~~3054~~3050 2.~~279781~~280811 South Carolina 1 7,~~029~~015,~~842~~865.7187 0.66 ~~117~~115 5.7000 1.620000 Texas 17 60,~~683~~529,~~107~~333.7208 5.7071 ~~114~~112 5.6787 1.~~569967~~570002 Utah 3 9,~~055~~035,~~757~~076.5271 0.85 ~~115~~113 5.~~6346~~6347 1.~~644962~~644903 Vermont 1 ~~453~~452,~~996~~433.9458 0.04 ~~112~~110 6.5000 1.570000 Virginia 8 154,~~646~~299,~~717~~988.9175 14.54 ~~118~~116 5.6671 1.~~563258~~563226 Washington 2 5,~~363~~339,~~716~~132.0098 0.50 ~~138~~136 5.~~8500~~8503 1.~~453993~~453879 West Virginia 1 1,374,408.00 0.13 7573 4.9700 3.170000 Totals 144 1,~~063~~060,~~767~~955,~~529~~475.3921 100.00 ~~124~~122 5.~~7366~~7362 1.~~767034~~767351

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of Weighted Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 1.249 or Less 3 28,~~649~~318,~~194~~292.6763 2.6967 ~~126~~125 5.~~3530~~3556 1.~~157569~~157463 1.250 to 1.299 1 42,~~385~~306,~~726~~205.0945 3.9899 ~~117~~115 5.9650 1.290000 1.300 to 1.349 3 25,~~939~~888,~~206~~860.3138 2.44 ~~117~~115 6.~~1149~~1150 1.~~316808~~316804 1.350 to 1.399 7 99,~~963~~753,~~881~~010.7345 9.40 ~~116~~114 5.~~8135~~8137 1.~~377004~~377003 1.400 to 1.449 12 87,~~547~~325,~~967~~724.4037 8.23 ~~114~~112 6.0739 1.~~430852~~430855 1.450 to 1.499 10 58,~~223~~072,~~722~~185.3856 5.47 ~~119~~117 5.7514 1.~~479484~~479482 1.500 to 1.549 9 59,~~766~~598,~~254~~808.7889 5.62 ~~119~~117 5.~~6346~~6345 1.~~514707~~514702 1.550 to 1.599 17 164,~~460~~061,~~941~~773.5039 15.46 ~~115~~113 5.~~6800~~6799 1.~~564063~~564062 1.600 to 1.649 10 6867,~~063~~909,~~574~~892.4916 6.40 ~~118~~116 5.5815 1.~~618652~~618653 1.650 to 1.699 4 39,~~459~~355,~~072~~608.4561 3.71 ~~116~~114 5.6996 1.~~674998~~674996 1.700 to 1.749 6 9796,~~325~~989,~~089~~664.4512 9.1514 ~~126~~124 5.~~2294~~2301 1.~~707949~~707924 1.750 to 1.799 1 5,~~284~~273,~~213~~291.2269 0.50 ~~117~~115 5.5200 1.750000 1.800 or Greater 23 286,~~698~~102,~~684~~157.9251 26.9597 ~~141~~139 5.~~8457~~8435 2.~~473541~~473979 Totals 106 1,~~063~~060,~~767~~955,~~529~~475.3921 100.00 ~~124~~122 5.~~7366~~7362 1.~~767034~~767351

Property Type(3) Property # of Scheduled % of Weighted Type Props Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Industrial 39 108,~~996~~710,~~234~~009.8754 10.25 ~~118~~116 5.~~8729~~8731 1.~~504881~~504839 Lodging 3 39,~~375~~248,~~538~~000.8275 3.70 ~~116~~114 6.~~0966~~0964 1.~~798267~~798173 Mobile Home Park 2 22,~~598~~558,~~323~~046.0300 2.1213 ~~117~~115 6.1866 1.313379 Multi-Family 23 122,~~578~~315,~~909~~621.6396 11.5253 ~~113~~111 5.4968 1.~~557573~~557579 Office 19 ~~374~~372,~~194~~918,~~076~~583.2954 35.1815 ~~141~~139 6.~~0830~~0829 1.~~747745~~747785 Retail 52 ~~371~~370,~~545~~794,~~370~~090.8760 34.9395 ~~115~~113 5.~~3815~~3812 1.~~959568~~960379 Self Storage 6 24,~~479~~411,~~075~~122.8983 2.30 ~~114~~112 5.~~4282~~4281 1.~~724302~~724328 Totals 144 1,~~063~~060,~~767~~955,~~529~~475.3921 100.00 ~~124~~122 5.~~7366~~7362 1.~~767034~~767351

Note Rate Note # of Scheduled % of Weighted Rate Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 4.4499% or Less 1 29,350,000.00 2.7677 ~~118~~116 4.2700 3.080000 4.4500% to 4.7499% 2 63,~~847~~694,~~670~~147.1199 6.00 ~~111~~109 4.6445 2.~~481163~~482973 4.7500% to 4.9999% 7 4544,~~017~~974,~~887~~708.1121 4.2324 8785 4.8991 2.~~689470~~690068 5.0000% to 5.2499% 10 7776,~~182~~755,~~333~~494.5881 7.2623 ~~114~~112 5.~~1082~~1085 1.~~510959~~512146 5.2500% to 5.4999% 17 ~~187~~186,~~345~~941,~~737~~483.7445 17.6162 ~~115~~113 5.3844 1.~~671194~~671253 5.5000% to 5.7499% 25 224,~~573~~069,~~055~~367.5913 21.1112 ~~116~~114 5.6179 1.~~551672~~551753 5.7500% to 5.9999% 21 137,~~914~~554,~~303~~577.9708 12.9697 ~~121~~119 5.8992 1.~~485278~~485306 6.0000% to 6.2499% 12 9796,~~060~~853,~~346~~128.5819 9.1213 ~~119~~117 6.1392 1.~~448831~~448798 6.2500% to 6.4999% 8 9190,~~090~~856,~~544~~795.4700 8.56 ~~115~~113 6.3547 1.~~497774~~497629 6.5000% to 7.2499% 1 9,~~672~~638,~~108~~802.6027 0.91 ~~112~~110 6.5000 1.570000 7.2500% to 7.4999% 1 9998,~~127~~682,~~224~~744.9886 9.3230 ~~215~~213 7.3800 2.350000 7.5000% or Greater 1 1,~~586~~584,~~316~~226.6622 0.15 ~~101~~99 7.9300 1.020000 Totals 106 1,~~063~~060,~~767~~955,~~529~~475.3921 100.00 ~~124~~122 5.~~7366~~7362 1.~~767034~~767351

Seasoning # of Scheduled % of Weighted Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 12 Months or Less 105 1,~~062~~059,~~181~~371,~~212~~248.7399 99.85 ~~124~~122 5.~~7333~~7329 1.~~768150~~768469 13 to 24 Months 1 1,~~586~~584,~~316~~226.6622 0.15 ~~101~~99 7.9300 1.020000 25 to 36 Months 0 0.00 0.00 0 0.0000 0.000000 37 Months or Greater 0 0.00 0.00 0 0.0000 0.000000 Totals 106 1,~~063~~060,~~767~~955,~~529~~475.3921 100.00 ~~124~~122 5.~~7366~~7362 1.~~767034~~767351

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 1 3,~~882~~873,~~274~~036.7405 0.3637 5654 4.8700 1.720000 61 to 84 Months 10 90,~~715~~670,~~963~~424.8209 8.5355 7977 4.~~9145~~9142 2.~~658099~~658663 85 to 120 Months 85 ~~801~~799,~~249~~531,~~620~~025.6324 75.3236 ~~116~~114 5.~~6752~~6750 1.~~622622~~622751 121 Months or Greater 3 9,~~559~~535,~~467~~817.3008 0.90 ~~158~~156 5.~~9051~~9050 1.~~522921~~522920 Totals 99 ~~905~~903,~~407~~610,~~326~~302.4946 85.1117 ~~112~~110 5.~~5979~~5977 1.~~725735~~726060

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 84 Months 0 0.00 0.00 0 0.0000 0.000000 85 to 120 Months 1 2120,~~153~~865,~~184~~085.9699 1.9997 ~~114~~112 5.0000 1.170000 121 Months or Greater 6 ~~137~~136,~~207~~480,~~017~~086.9476 12.9086 ~~205~~203 6.~~7648~~7662 2.~~131605~~132052 Totals 7 ~~158~~157,~~360~~345,~~202~~172.9075 14.8983 ~~192~~191 6.~~5291~~5320 2.~~003158~~004477

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 8 102,276,460.00 9.6164 9088 4.6215 2.977544 60 Months or Less 0 0.00 0.00 0 0.0000 0.000000 61 to 84 Months 0 0.00 0.00 0 0.0000 0.000000 85 to 120 Months 0 0.00 0.00 0 0.0000 0.000000 121 Months or Greater 91 ~~803~~801,~~130~~333,~~866~~842.4946 75.5053 ~~115~~113 5.7223 1.~~566320~~566330 Totals 99 ~~905~~903,~~407~~610,~~326~~302.4946 85.1117 ~~112~~110 5.~~5979~~5977 1.~~725735~~726060

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 64106 ~~662~~1,~~523~~060,~~129~~955,475.3121 62100.2800 ~~113~~122 5.~~6079~~7362 1.~~769561~~767351 1 Year or Less 420 ~~401,244,400~~0.0800 370.7200 ~~142~~0 50.~~9489~~0000 10.~~762862~~000000 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 106 1,~~063~~060,~~767~~955,~~529~~475.3921 100.00 ~~124~~122 5.~~7366~~7362 1.~~767034~~767351 (1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is used. The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. (2) Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date balance of each property as disclosed in the offering document.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type(1) City State Payment Payment Coupon 6105192 1 OF New York NY ~~610~~608,~~986~~269.6985 ~~220~~222,~~204~~921.5135 7.380% 510901239 2 OF Arlington VA ~~292~~291,~~339~~722.2182 6162,~~425~~041.1958 5.400% 850201199 3 RT Kennesaw GA 170,866.67 0.00 4.660% 510901280 4 OF Reston VA 217,~~900~~493.1376 3536,~~953~~359.2663 5.965% 850201063 5 OF Beverly Hills CA ~~214~~213,~~510~~928.8939 50,~~222~~805.9141 6.285% 600872401 8 RT Greeley CO 159,~~425~~001.9384 37,~~178~~602.8089 6.180% 850201212 9 RT Huntsville AL 104,437.08 0.00 4.270% 850201265 10 OF Durham NC 134,~~480~~205.2647 26,~~261~~536.8564 5.600% 850201185 11 RT Thornton CO 92,~~879~~691.8948 1718,~~978~~166.2162 5.605% 850201184 12 RT Denver CO 38,~~499~~421.4434 7,~~452~~530.1020 5.605% 6105164 13 LO McLean VA 133,~~578~~200.3993 3435,~~907~~284.0652 5.900% 6104935 14 OF Charlotte NC 9190,~~686~~451.1302 ~~141~~142,~~658~~893.0011 5.000% 6104936 15 OF Farmington Hills MI 99,~~840~~589.0464 25,~~158~~409.8727 5.420% 6105076 16 RT North Dartmouth MA 7978,~~087~~480.6259 75,~~037~~644.8083 4.610% 6104882 17 MF Mt. Pleasant MI 89,~~684~~490.7014 1920,~~865~~059.3591 5.290% 6104978 18 RT Santa Clarita CA 95,~~710~~532.4236 15,~~563~~741.5056 6.030% 850201129 19 RT Astoria NY 79,~~670~~508.7228 15,~~416~~579.7923 5.635% 6105089 20 Various Various CA 72,~~991~~762.7751 24,~~369~~598.3662 5.200% 850201190 21 OF Long Beach CA 69,~~201~~047.6317 16,~~331~~485.1359 5.130% 310901206 22 MH Pacheco CA 79,~~814~~672.1056 1112,~~958~~100.9347 6.190% 850201162 23 OF New York NY 67,175.28 0.00 5.380% 850201193 24 IN Garden Grove CA 35,~~270~~201.9523 6,~~517~~587.8860 5.700% 850201192 25 RT Greenville SC 34,~~536~~467.1487 6,~~382~~450.0936 5.700% 6104972 26 MF Reston VA 58,~~312~~189.3001 12,~~191~~314.4877 5.440% 6104965 28 Various Corpus Christi TX 55,~~350~~194.9124 14,~~412~~568.2895 5.930% 6104883 29 RT Westport CT 48,566.67 0.00 5.640% 6104908 30 MF Fort Myers FL 45,~~346~~249.1584 9,~~622~~719.7102 5.390% 600872402 31 IN Various Various 54,~~224~~039.5012 15,~~643~~828.5290 6.500% 850201030 32 RT Various Various 39,304.25 0.00 4.970% 850201208 33 RT Greenburgh NY 46,~~741~~659.0261 6,~~798~~879.0950 6.245% 600872403 34 RT Northampton PA 42,~~164~~042.5725 11,~~730~~853.9022 5.710% 6105053 35 MF Pensacola FL 41,~~712~~629.0001 7,~~807~~890.6665 5.670% 310901175 36 IN Albuquerque NM 4140,~~053~~970.4992 7,~~850~~933.4704 5.620% 6104928 37 MF Decatur GA 39,~~736~~656.8754 7,~~596~~676.4679 5.650% 310901159 38 LO Boise ID 42,~~866~~694.3084 14,~~609~~780.2571 6.490% 6104971 39 MF Houston TX 34,~~368~~292.6365 7,~~912~~988.9189 5.200% 310901217 40 MH Tracy CA 40,~~671~~599.6071 6,~~083~~154.0493 6.180% 850201031 41 RT Various Various 31,213.67 0.00 4.970% 6105020 42 SS Venice CA 31,~~572~~498.5463 8,~~231~~305.9687 4.900% 6104767 43 MF Fayetteville NC 36,~~237~~162.1363 7,~~055~~130.5505 5.650% 6105048 44 RT New York NY 29,~~588~~519.2628 7,~~647~~716.7573 4.920% 6104896 45 RT Houston TX 34,~~578~~495.9694 7,~~778~~861.2224 5.770% 850201181 46 RT Various Various 33,~~761~~521.0887 2324,~~766~~005.5172 5.700% 850201171 47 RT Whittier CA 30,~~254~~189.9343 6,~~672~~738.8333 5.300% 6105003 48 SS West Deptford NJ 30,~~386~~295.4256 9,~~029~~120.9278 5.530% 6104865 49 MF Houston TX 28,~~850~~787.1662 6,~~245~~308.5105 5.400% 850201214 50 RT Melbourne FL 30,~~252~~045.3468 19,~~716~~923.3703 5.925% 6105008 51 IN Various DE 2726,~~097~~974.8890 12,~~635~~758.9795 5.450% 850201110 52 IN Deerfield MA 28,~~157~~075.8910 7,~~902~~985.4322 5.740% 310901158 53 LO Boise ID 30,~~587~~464.0369 10,~~424~~546.3771 6.490% 6104996 54 MF Tucson AZ 24,~~542~~489.7889 5,~~332~~385.3524 5.350% 6104989 55 MF Stone Mountain GA 25,~~141~~089.4881 5,~~017~~069.8855 5.520% 850201194 56 RT Fitchburg MA 25,~~966~~891.0334 7,~~093~~168.7948 5.760% 6104967 57 OF St. George UT 23,~~895~~834.6054 6,~~227~~288.9096 5.350% 850201177 58 RT Cave Creek AZ 25,189.22 0.00 5.680% 6104927 59 IN Sacramento CA 23,~~862~~813.4411 4,~~746~~796.9932 5.570% 6104997 60 RT Denton TX 26,~~706~~639.7927 5,~~613~~680.2375 6.470% 6105031 61 IN Fairfield NJ 19,~~524~~480.8251 4,~~769~~814.8516 5.050% 6104891 62 SS Glendale AZ 14,~~379~~338.6347 3,~~809~~850.1430 5.900% 6104892 63 SS Gilbert AZ 8,~~325~~301.0522 2,~~205~~229.2912 5.900% 6104934 64 MF Chester PA 18,~~874~~831.4313 4,~~664~~707.4171 5.050% 310901183 65 RT El Paso TX 2019,~~014~~974.2047 3,~~730~~770.2801 5.680% 310901184 66 RT El Paso TX 2019,~~014~~974.2047 3,~~730~~770.2801 5.680% 850201179 67 OF Newport Beach CA 18,~~543~~503.1080 3,~~918~~957.1343 5.400% 6104901 68 RT Dallas TX 16,~~298~~260.9032 4,~~328~~366.3997 4.870% 850201100 69 MF Salt Lake City UT 15,~~452~~423.9070 2,~~562~~591.5676 6.015% 850201099 70 MF Salt Lake City UT 4,~~635~~627.8711 ~~768~~777.7753 6.015% 310901232 71 MF Ft. Worth TX 19,~~424~~387.0506 3,~~337~~374.8584 5.870% 600872404 72 RT Richmond VA 19,~~954~~917.3293 3,~~122~~158.6099 6.120% 890901187 73 RT Brandon FL 18,~~364~~328.0518 3,~~298~~334.7158 5.780% 6104968 74 OF Orlando FL 20,~~230~~179.9544 4,~~313~~364.4091 6.430% 850201213 75 OF Encino CA 17,~~583~~549.0552 3,~~042~~076.5508 5.840% 6104973 76 IN St. Paul MN 16,~~671~~551.1204 12,~~131~~251.5159 5.610% 6104985 77 SS Lexington Park MD 16,~~112~~063.8795 4,~~949~~998.7163 5.440% 6104926 78 MF Toledo OH 16,~~219~~171.7618 4,~~737~~786.4301 5.630% 6104874 79 MF Brunswick GA 16,~~478~~445.2280 23,~~972~~005.6406 5.800% 6104998 80 MF Seabrook TX 14,~~941~~909.0218 3,~~207~~239.4327 5.350% 6104863 81 OF Sammamish WA 16,~~512~~465.9677 4,~~327~~374.6281 5.950% 850201202 82 RT Tampa FL 16,~~504~~460.9924 34,~~983~~028.4924 6.100% 6104922 83 IN Henderson NV 15,~~250~~219.6061 2,~~932~~963.3332 5.650% 850201118 84 OF Boston MA 1514,~~000~~970.0359 2,~~679~~708.0549 5.840% 6104987 85 RT Las Vegas NV 15,~~056~~014.5111 3,~~878~~920.3272 5.960% 600872405 86 OF Carlsbad CA 12,~~800~~759.77 4,~~406~~447.81 5.150% 410901171 87 MF San Francisco CA 12,~~825~~784.3695 4,~~253~~293.2061 5.250% 6105001 88 MF Various OH 14,~~102~~075.4654 2,~~433~~460.7668 5.860% 6105016 89 SS Virginia Beach VA 13,~~795~~756.9967 3,~~671~~710.0032 5.850% 6105045 90 RT Norfolk VA 10,~~954~~930.7717 2,~~618~~643.9757 5.100% 850201082 91 MF New York NY 12,~~564~~540.3176 2,~~052~~076.8439 6.050% 620901248 92 IN Van Nuys CA 10,~~579~~546.0968 3,~~339~~372.6304 5.350% 410901173 93 IN Henderson NV 11,~~196~~174.6393 12,~~990~~012.9969 5.790% 410901240 94 MF Sylmar CA 11,~~328~~308.8650 1,~~741~~762.7208 6.130% 410901191 95 RT Flower Mound TX 10,~~806~~776.4442 2,~~723~~753.8991 6.000% 6105002 96 RT Pearland TX 10,~~150~~080.8811 6,~~916~~987.4724 5.790% 410900941 97 IN Commerce CA 9,~~178~~150.1232 2,~~784~~812.9474 5.490% 6104827 98 RT Milton PA 8,~~125~~109.0207 1,~~451~~467.1510 5.840% 6104524 99 IN Columbus OH 10,~~838~~824.2204 ~~860~~874.4765 7.930% 410901197 100 OF Studio City CA 5,~~313~~299.9111 1,~~355~~369.0787 5.950% 850201219 06A RT San Diego CA ~~137~~136,~~047~~762.0518 27,~~691~~976.3219 5.520% 850201221 06B RT San Diego CA 3130,~~007~~942.1974 6,~~265~~329.2368 5.520% 850201209 07A IN Beltsville MD 90,~~828~~674.2211 12,~~571~~725.3849 6.360% 850201211 07B IN Rockville MD 37,~~206~~143.7461 5,~~149~~212.7285 6.360% 850201210 07C IN Rockville MD 36,~~112~~051.4215 45,~~998~~059.2653 6.360% 850201132 27A RT Greensboro NC 25,354.74 0.00 4.770% 850201131 27B RT Cary NC 13,038.00 0.00 4.770% 850201130 27C RT Erie PA 6,912.93 0.00 5.180% 850201108 27D RT Mill Creek PA 2,762.67 0.00 5.180% Totals 5,~~228~~214,~~034~~007.3609 1,~~329~~343,~~920~~947.4572

Loan Anticipated Neg Beginning Ending Paid Number Repayment Maturity Amort Scheduled Scheduled Thru Date Date (Y/N) Balance Balance Date 6105192 N/A 10/14/2021 N 9998,~~347~~905,~~429~~666.4922 9998,~~127~~682,~~224~~744.9886 1012/15/2003 510901239 N/A 08/01/2013 N 62,~~868~~736,~~647~~090.5445 62,~~807~~674,~~222~~048.3587 1101/01/~~2003~~2004 850201199 N/A 08/01/2010 N 44,000,000.00 44,000,000.00 1101/01/~~2003~~2004 510901280 N/A 08/08/2013 N 42,~~421~~342,~~679~~565.3508 42,~~385~~306,~~726~~205.0945 1012/08/2003 850201063 N/A 03/01/2013 N 39,~~635~~527,~~547~~918.5093 39,~~585~~477,~~324~~113.5952 1101/01/~~2003~~2004 600872401 N/A 09/01/2013 N 29,~~957~~878,~~895~~203.2743 29,~~920~~840,~~716~~600.4754 1101/01/~~2003~~2004 850201212 N/A 09/01/2013 N 29,350,000.00 29,350,000.00 1101/01/~~2003~~2004 850201265 N/A 06/01/2013 N 27,~~887~~830,~~612~~627.2290 27,~~861~~804,~~350~~091.3726 1101/01/~~2003~~2004 850201185 N/A 07/01/2013 N 19,~~243~~204,~~625~~588.4997 19,~~225~~186,~~647~~422.2835 1101/01/~~2003~~2004 850201184 N/A 07/01/2013 N 7,~~976~~960,~~632~~451.3441 7,~~969~~952,~~180~~921.2421 1101/01/~~2003~~2004 6105164 07/01/2013 07/01/2028 N 26,~~292~~217,~~083~~788.7098 26,~~257~~182,~~176~~504.6446 1101/01/~~2003~~2004 6104935 N/A 05/01/2013 N 21,~~294~~007,~~842~~979.9610 2120,~~153~~865,~~184~~085.9699 1101/01/~~2003~~2004 6104936 09/01/2012 03/01/2031 N 21,~~391~~338,~~748~~096.0907 21,~~366~~312,~~589~~686.2280 1101/01/~~2003~~2004 6105076 N/A 09/01/2018 N 19,~~922~~769,~~707~~792.9182 19,~~847~~694,~~670~~147.1199 1101/01/~~2003~~2004 6104882 N/A 07/01/2013 N 19,~~688~~645,~~085~~374.6532 19,~~668~~625,~~220~~314.3041 1101/01/~~2003~~2004 6104978 N/A 06/01/2013 N 18,~~432~~398,~~435~~143.9128 18,~~416~~382,~~872~~401.4272 1101/01/~~2003~~2004 850201129 N/A 05/01/2013 N 16,~~418~~385,~~958~~482.78 16,~~403~~369,~~541~~903.9955 1101/01/~~2003~~2004 6105089 N/A 09/01/2013 N 16,~~300~~249,~~891~~692.3747 16,~~276~~225,~~522~~093.0186 1101/01/~~2003~~2004 850201190 N/A 08/01/2013 N 15,~~665~~630,~~337~~373.5718 15,~~649~~613,~~006~~887.4459 1001/01/~~2003~~2004 310901206 N/A 08/01/2013 N 14,~~973~~947,~~722~~167.1494 14,~~961~~935,~~763~~067.2147 1012/01/2003 850201162 N/A 06/01/2013 N 14,500,000.00 14,500,000.00 1101/01/~~2003~~2004 850201193 N/A 08/01/2013 N 7,~~185~~171,~~931~~727.7122 7,~~179~~165,~~413~~139.8362 1101/01/~~2003~~2004 850201192 N/A 08/01/2013 N 7,~~036~~022,~~224~~316.8023 7,~~029~~015,~~842~~865.7187 1101/01/~~2003~~2004 6104972 N/A 06/01/2013 N 12,~~448~~421,~~071~~752.5224 12,~~435~~409,~~880~~437.0347 1112/01/2003 6104965 N/A 06/01/2013 N 10,~~839~~808,~~540~~859.9364 10,~~825~~794,~~128~~290.6569 1101/01/~~2003~~2004 6104883 N/A 05/01/2013 N 10,000,000.00 10,000,000.00 1101/01/~~2003~~2004 6104908 N/A 07/01/2013 N 9,~~769~~749,~~953~~202.5716 9,~~760~~739,~~330~~483.8714 1101/01/~~2003~~2004 600872402 N/A 03/01/2013 N 9,~~687~~654,~~752~~631.1217 9,~~672~~638,~~108~~802.6027 1101/01/~~2003~~2004 850201030 N/A 02/01/2010 N 9,489,960.00 9,489,960.00 1101/01/~~2003~~2004 850201208 N/A 09/01/2013 N 8,~~691~~676,~~737~~597.1481 8,~~684~~669,~~939~~718.0531 1001/01/~~2003~~2004 600872403 N/A 08/01/2013 N 8,~~575~~550,~~361~~483.2044 8,~~563~~538,630.3022 1001/01/~~2003~~2004 6105053 N/A 08/01/2010 N 8,~~543~~526,~~164~~166.3862 8,~~535~~518,~~356~~275.7297 1101/01/~~2003~~2004 310901175 N/A 08/01/2013 N 8,~~483~~466,~~099~~037.3130 8,~~475~~458,~~248~~104.8426 1101/01/~~2003~~2004 6104928 N/A 06/01/2013 N 8,~~167~~150,~~440~~930.9139 8,~~159~~143,~~844~~253.4560 1101/01/~~2003~~2004 310901159 N/A 07/01/2013 N 7,~~670~~639,~~294~~614.9161 7,~~655~~624,~~685~~833.6690 1101/01/~~2003~~2004 6104971 N/A 07/01/2013 N 7,~~675~~658,~~377~~408.1134 7,~~667~~650,~~464~~419.2145 1112/01/2003 310901217 N/A 09/01/2013 N 7,~~642~~629,~~642~~133.8646 7,~~636~~622,~~559~~978.8253 1012/01/2003 850201031 N/A 02/01/2010 N 7,536,500.00 7,536,500.00 1101/01/~~2003~~2004 6105020 N/A 08/01/2013 N 7,~~482~~465,~~628~~112.5250 7,~~474~~456,~~396~~806.5563 1101/01/~~2003~~2004 6104767 N/A 03/01/2013 N 7,~~448~~432,~~111~~798.5530 7,~~441~~425,~~056~~668.0125 1001/01/~~2003~~2004 6105048 08/01/2013 08/01/2033 N 6,~~983~~967,~~853~~572.5726 6,~~976~~959,~~205~~855.8253 1112/01/2003 6104896 05/01/2013 11/01/2030 N 6,~~959~~942,~~482~~773.7648 6,~~951~~934,~~704~~912.5524 1101/01/~~2003~~2004 850201181 N/A 07/01/2018 N 6,~~878~~829,~~317~~582.6567 6,~~854~~805,~~551~~576.1495 1101/01/~~2003~~2004 850201171 N/A 07/01/2013 N 6,~~629~~614,~~199~~847.0292 6,~~622~~608,~~526~~109.1959 1101/01/~~2003~~2004 6105003 N/A 08/01/2010 N 6,~~381~~362,~~095~~014.9024 6,~~372~~352,~~065~~893.9846 1001/01/~~2003~~2004 6104865 N/A 03/01/2013 N 6,~~204~~190,~~336~~886.0730 6,~~198~~184,~~090~~578.5625 1101/01/~~2003~~2004 850201214 N/A 09/01/2018 N 5,~~929~~888,~~409~~903.4245 5,~~909~~868,~~693~~980.0542 1012/01/2003 6105008 N/A 08/01/2013 N 5,~~774~~747,~~036~~833.8539 5,~~761~~735,~~400~~074.8844 1101/01/~~2003~~2004 850201110 N/A 05/01/2013 N 5,~~696~~680,~~774~~023.8991 5,~~688~~672,~~872~~038.4669 1101/01/~~2003~~2004 310901158 N/A 07/01/2013 N 5,~~473~~451,~~100~~209.8910 5,~~462~~440,~~676~~662.5239 1101/01/~~2003~~2004 6104996 N/A 06/01/2013 N 5,~~327~~315,~~344~~864.4123 5,~~322~~310,~~012~~478.0699 1101/01/~~2003~~2004 6104989 N/A 08/01/2013 N 5,~~289~~278,~~231~~361.1024 5,~~284~~273,~~213~~291.2269 1101/01/~~2003~~2004 850201194 N/A 08/01/2013 N 5,~~235~~220,~~086~~027.6642 5,~~227~~212,~~992~~858.8794 1101/01/~~2003~~2004 6104967 N/A 08/01/2013 N 5,~~186~~173,~~864~~610.9555 5,~~180~~167,~~637~~321.0559 1101/01/~~2003~~2004 850201177 N/A 07/01/2013 N 5,150,000.00 5,150,000.00 1001/01/~~2003~~2004 6104927 N/A 05/01/2013 N 4,~~975~~964,~~084~~799.8610 4,~~970~~960,~~337~~002.8877 1101/01/~~2003~~2004 6104997 N/A 09/01/2013 N 4,~~793~~781,~~559~~441.9874 4,~~787~~775,~~946~~760.7599 1101/01/~~2003~~2004 6105031 N/A 08/01/2013 N 4,~~489~~479,~~897~~707.0241 4,~~485~~474,~~127~~893.1724 1101/01/~~2003~~2004 6104891 N/A 05/01/2013 N 2,~~830~~822,~~326~~225.4861 2,~~826~~818,~~517~~375.3432 1101/01/~~2003~~2004 6104892 N/A 05/01/2013 N 1,~~638~~633,~~610~~920.0710 1,~~636~~631,~~404~~690.7898 1101/01/~~2003~~2004 6104934 N/A 06/01/2013 N 4,~~340~~330,~~335~~378.3808 4,~~335~~325,670.9737 1101/01/~~2003~~2004 310901183 N/A 08/01/2013 N 4,~~091~~083,~~953~~829.8096 4,~~088~~080,~~223~~059.5295 1001/01/~~2003~~2004 310901184 N/A 08/01/2013 N 4,~~091~~083,~~953~~829.8096 4,~~088~~080,~~223~~059.5295 1001/01/~~2003~~2004 850201179 N/A 07/01/2013 N 3,~~987~~979,~~763~~311.5246 3,~~983~~975,~~845~~354.3903 1101/01/~~2003~~2004 6104901 N/A 07/01/2008 N 3,~~886~~877,~~603~~403.1302 3,~~882~~873,~~274~~036.7405 1101/01/~~2003~~2004 850201100 N/A 04/01/2013 N 2,~~983~~977,~~424~~788.4702 2,~~980~~975,~~861~~196.9126 1101/01/~~2003~~2004 850201099 N/A 04/01/2013 N ~~895~~893,~~027~~336.3339 ~~894~~892,~~258~~558.5686 1101/01/~~2003~~2004 310901232 N/A 08/01/2013 N 3,~~842~~835,~~753~~435.6504 3,~~839~~832,~~415~~060.8020 1001/01/~~2003~~2004 600872404 N/A 06/01/2013 N 3,~~786~~779,~~398~~494.9211 3,~~783~~776,~~276~~335.3212 1012/01/2003 890901187 N/A 07/01/2014 N 3,~~689~~682,~~617~~411.3161 3,~~686~~679,~~318~~077.6003 1012/01/2003 6104968 N/A 09/01/2013 N 3,~~653~~644,~~810~~507.4592 3,~~649~~640,~~497~~143.0501 1012/01/2003 850201213 N/A 09/01/2013 N 3,~~496~~489,~~407~~740.7362 3,~~493~~486,~~365~~664.1854 1101/01/~~2003~~2004 6104973 N/A 06/01/2018 N 3,~~450~~426,~~982~~124.1665 3,~~438~~413,~~850~~873.6506 1001/01/~~2003~~2004 6104985 N/A 08/01/2013 N 3,~~439~~429,~~653~~212.9532 3,~~434~~424,~~704~~213.2469 1001/01/~~2003~~2004 6104926 N/A 05/01/2013 N 3,~~345~~335,~~620~~600.7140 3,~~340~~330,~~883~~814.2838 1101/01/~~2003~~2004 6104874 N/A 05/01/2013 N 3,~~299~~292,~~309~~818.5736 3,~~296~~289,~~336~~813.9330 1001/01/~~2003~~2004 6104998 N/A 08/01/2013 N 3,~~243~~236,~~151~~239.0996 3,~~239~~233,~~943~~000.6669 1112/01/2003 6104863 N/A 04/01/2013 N 3,~~222~~213,~~914~~704.3093 3,~~218~~209,~~586~~330.6812 1101/01/~~2003~~2004 850201202 N/A 09/01/2018 N 3,~~142~~133,~~145~~625.1954 3,~~138~~129,~~161~~597.7030 1112/01/2003 6104922 N/A 05/01/2013 N 3,~~134~~128,~~580~~209.1371 3,~~131~~125,~~647~~246.8039 1101/01/~~2003~~2004 850201118 N/A 04/01/2013 N 2,~~982~~976,~~772~~917.1312 2,~~980~~974,~~093~~208.0863 1101/01/~~2003~~2004 6104987 N/A 06/01/2013 N 2,~~933~~925,~~721~~459.2869 2,~~929~~921,~~842~~538.9697 1101/01/~~2003~~2004 600872405 N/A 07/01/2010 N 2,~~886~~877,~~487~~242.9347 2,~~882~~872,~~081~~794.1266 1001/01/~~2003~~2004 410901171 N/A 07/01/2013 N 2,~~836~~828,~~946~~007.0835 2,~~832~~823,~~692~~713.8874 1101/01/~~2003~~2004 6105001 N/A 08/01/2013 N 2,~~794~~789,~~718~~383.2592 2,~~792~~786,~~284~~923.4924 1101/01/~~2003~~2004 6105016 N/A 07/01/2018 N 2,~~738~~730,~~658~~853.0007 2,~~734~~727,~~987~~142.0075 1101/01/~~2003~~2004 6105045 08/01/2013 08/01/2033 N 2,~~494~~488,~~445~~843.6622 2,~~491~~486,~~826~~199.7065 1101/01/~~2003~~2004 850201082 N/A 04/01/2013 N 2,~~411~~407,~~705~~183.3198 2,~~409~~405,~~652~~107.4759 1101/01/~~2003~~2004 620901248 N/A 09/01/2013 N 2,~~296~~289,~~335~~300.4504 2,~~292~~285,~~995~~928.8200 1101/01/~~2003~~2004 410901173 N/A 08/01/2013 N 2,~~245~~241,~~689~~336.6488 2,~~243~~239,~~698~~324.6519 1101/01/~~2003~~2004 410901240 N/A 08/01/2013 N 2,~~146~~142,~~181~~324.9719 2,~~144~~140,~~440~~562.25 11 01/01/~~2003~~2004 410901191 N/A 07/01/2013 N 2,~~091~~085,~~568~~758.29 2,~~088~~083,~~844~~004.4038 1101/01/~~2003~~2004 6105002 N/A 08/01/2018 N 2,~~035~~021,~~944~~750.4872 2,~~029~~014,~~028~~763.0148 1112/01/2003 410900941 N/A 07/01/2013 N 1,~~941~~935,~~431~~552.1849 1,~~938~~932,~~646~~739.2475 1101/01/~~2003~~2004 6104827 04/01/2013 04/01/2033 N 1,~~615~~612,~~668~~496.2376 1,~~614~~611,~~217~~029.0766 1101/01/~~2003~~2004 6104524 N/A 04/01/2012 N 1,~~587~~585,~~177~~100.1387 1,~~586~~584,~~316~~226.6622 1001/01/~~2003~~2004 410901197 N/A 08/01/2013 N 1,~~037~~034,~~140~~252.6234 1,~~035~~032,~~785~~882.5547 1101/01/~~2003~~2004 850201219 N/A 06/01/2013 N 28,~~831~~771,~~777~~847.9708 28,~~804~~743,~~086~~870.6589 1012/01/2003 850201221 N/A 06/01/2013 N 6,~~523~~509,~~251~~692.9847 6,~~516~~503,~~986~~362.7579 1012/01/2003 850201209 N/A 09/01/2013 N 16,~~584~~556,~~580~~441.4007 16,~~572~~543,~~009~~715.0258 1101/01/~~2003~~2004 850201211 N/A 09/01/2013 N 6,~~793~~782,~~683~~156.5459 6,~~788~~776,~~533~~943.8274 1101/01/~~2003~~2004 850201210 N/A 09/01/2013 N 6,~~593~~582,~~869~~681.3240 6,~~588~~577,~~871~~621.0687 1101/01/~~2003~~2004 850201132 N/A 04/01/2010 N 6,378,550.00 6,378,550.00 1101/01/~~2003~~2004 850201131 N/A 04/01/2010 N 3,280,000.00 3,280,000.00 1101/01/~~2003~~2004 850201130 N/A 04/01/2010 N 1,601,450.00 1,601,450.00 1101/01/~~2003~~2004 850201108 N/A 04/01/2010 N 640,000.00 640,000.00 1101/01/~~2003~~2004 Totals 1,~~065~~062,~~097~~299,~~449~~422.8095 1,~~063~~060,~~767~~955,~~529~~475.3921

Loan Appraisal Appraisal Res Mod Number 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

Historical Detail Delinquencies Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure REO Modifications Date # Balance # Balance # Balance # Balance # Balance # Balance 01/12/2004 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 12/11/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 11/12/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 10/14/2003 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 01/12/2004 0 $0.00 0 $0.00 12/11/2003 0 $0.00 0 $0.00 11/12/2003 0 $0.00 0 $0.00 10/14/2003 1 $3,378.83 0 $0.00

Rate and Maturities Distribution Next Weighted Avg. WAM Date Coupon Remit 01/12/2004 5.736230% 5.692125% 122 12/11/2003 5.736395% 5.692292% 123 11/12/2003 5.736557% 5.692454% 124 10/14/2003 5.736718% 5.692617% 125 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 Delinq. Date Advances Advances** Loan(1) Reference 510901280 4 0 12/08/2003 252,759.54 252,759.54 A 310901206 22 0 12/01/2003 91,386.90 91,386.90 A 6104972 26 0 12/01/2003 70,503.78 70,503.78 A 6104971 39 0 12/01/2003 42,281.54 42,281.54 A 310901217 40 0 12/01/2003 46,557.55 46,557.55 A 6105048 44 0 12/01/2003 37,236.01 37,236.01 A 850201214 50 0 12/01/2003 49,816.59 49,816.59 A 600872404 72 0 12/01/2003 22,686.38 22,686.38 A 890901187 73 0 12/01/2003 21,218.83 21,218.83 A 6104968 74 0 12/01/2003 24,544.35 24,544.35 A 6104998 80 0 12/01/2003 18,148.45 18,148.45 A 850201202 82 0 12/01/2003 20,407.53 20,407.53 A 6105002 96 0 12/01/2003 17,067.35 17,067.35 A 850201219 06A 0 12/01/2003 163,747.34 163,747.34 A 850201221 06B 0 12/01/2003 37,048.19 37,048.19 A Totals 15 915,410.33 915,410.33

Resolution Actual Outstanding Bankruptcy Loan Number Strategy Servicing Foreclosure Principal Servicing Date REO Code(2) Transfer Date Date Balance Advances Date 510901280 42,342,565.08 0.00 310901206 14,947,167.94 0.00 6104972 12,421,752.24 0.00 6104971 7,658,408.34 0.00 310901217 7,629,133.46 0.00 6105048 6,967,572.26 0.00 850201214 5,888,903.44 0.00 600872404 3,779,494.11 0.00 890901187 3,682,411.61 0.00 6104968 3,644,507.92 0.00 6104998 3,236,239.96 0.00 850201202 3,133,625.54 0.00 6105002 2,021,750.72 0.00 850201219 28,771,847.08 0.00 850201221 6,509,692.47 0.00 Totals 152,635,072.17 0.00

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances Balance Advances ~~Totals by Deliquency Code: Total for Status Code = A (15 loans) 915,410.33 915,410.33 152,635,072.17 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 this Period Liquidated Loan Detail No Liquidated Loans this Period

Filing Compare · BEAR STEARN COMMERCIAL MORT PASS THROUGH CERT SER 2003 PWR2