8-K 1 mdc03tp11.txt JANUARY 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 : January 13, 2004 (Date of earliest event reported) Commission File No.: 333-104283 Morgan Stanley Dean Witter Capital I, Inc. Commercial Mortgage Pass-Through Certificates, Series 2003-TOP11 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2123732 54-2123733 54-2123734 54-6553636 (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 13, 2004 a distribution was made to holders of Morgan Stanley Dean Witter Capital I, Inc. Commercial Mortgage Pass-Through Certificates, Series 2003-TOP11. 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-TOP11 relating to the January 13, 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. Morgan Stanley Dean Witter Capital I, Inc. Commercial Mortgage Pass-Through Certificates Series 2003-TOP11 By: Wells Fargo Bank Minnesota, N.A., as Paying Agent 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-TOP11, relating to the January 13, 2004 distribution. Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045 Morgan Stanley Dean Witter Capital I, Inc. Commercial Mortgage Pass-Through Certificates Series 2003-TOP11 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 01/13/2004 Record Date: 12/31/2003 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 - 16 Principal Prepayment Detail 17 Historical Detail 18 Delinquency Loan Detail 19 Specially Serviced Loan Detail 20 - 21 Modified Loan Detail 22 Liquidated Loan Detail 23 Depositor Morgan Stanley Capital I, Inc. 1585 Broadway New York, NY 10036 Contact: General Information Number Phone Number : (212) 761-4700 Master Servicer Wells Fargo Bank, National Association 45 Fremont Street, 2nd Floor investorreporting@wellsfargo.com San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (212)222-2364 Special Servicer ARCap Servicing, Inc. 5605 N. MacArthur Blvd. Irving, TX 75038 Contact: Chris Crouch Phone Number: (972) 580-1688 Ex 333 This report has been compiled from information provided to Wells Fargo Bank MN, N.A. by various third parties, which may include the Master Servicer, Special Servicer and others. Wells Fargo Bank MN, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank MN, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 2003, Wells Fargo Bank Minnesota, N.A.

Certificate Distribution Detail Class CUSIP Pass-Through Original Beginning Principal Rate Balance Balance Distribution A-1 61746WG79 3.260000% 150,000,000.00 ~~147~~144,~~441~~857,~~055~~204.7819 1,~~227~~240,~~630~~357.8866 A-2 61746WG87 4.340000% 175,000,000.00 175,000,000.00 0.00 A-3 61746WG95 4.850000% 165,114,000.00 165,114,000.00 0.00 A-4 61746WH29 5.150000% 561,379,000.00 561,379,000.00 0.00 B 61746WH37 5.~~327147~~326567% 31,366,000.00 31,366,000.00 0.00 C 61746WH45 5.~~587147~~586567% 32,859,000.00 32,859,000.00 0.00 D 61746WH52 5.~~587147~~586567% 13,443,000.00 13,443,000.00 0.00 E 61746WH86 5.~~587147~~586567% 14,936,000.00 14,936,000.00 0.00 F 61746WH94 5.~~587147~~586567% 7,468,000.00 7,468,000.00 0.00 G 61746WJ27 5.~~587147~~586567% 7,468,000.00 7,468,000.00 0.00 H 61746WJ35 5.316000% 11,948,000.00 11,948,000.00 0.00 J 61746WJ43 5.316000% 2,988,000.00 2,988,000.00 0.00 K 61746WJ50 5.316000% 2,987,000.00 2,987,000.00 0.00 L 61746WJ68 5.316000% 2,987,000.00 2,987,000.00 0.00 M 61746WJ76 5.316000% 2,987,000.00 2,987,000.00 0.00 N 61746WJ84 5.316000% 11,949,395.09 11,949,395.09 0.00 R-I N/A 0.000000% 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 R-III N/A 0.000000% 0.00 0.00 0.00 Totals 1,194,879,395.09 1,~~192~~189,~~320~~736,~~450~~599.8728 1,~~227~~240,~~630~~357.8866

Class CUSIP Interest Prepayment Realized Loss/ Total Current Distribution Penalties Additional Trust Distribution Ending Balance Subordination Fund Expenses Level(1) A-1 61746WG79 ~~400~~393,~~548~~528.2074 0.00 0.00 1,~~628~~633,~~179~~886.0840 ~~146~~143,~~213~~616,~~424~~846.9053 12.0406% A-2 61746WG87 632,916.67 0.00 0.00 632,916.67 175,000,000.00 12.0406% A-3 61746WG95 667,335.75 0.00 0.00 667,335.75 165,114,000.00 12.0406% A-4 61746WH29 2,409,251.54 0.00 0.00 2,409,251.54 561,379,000.00 12.0406% B 61746WH37 139,~~242~~227.7358 0.00 0.00 139,~~242~~227.7358 31,366,000.00 9.4043% C 61746WH45 152,~~990~~974.0417 0.00 0.00 152,~~990~~974.0417 32,859,000.00 6.6566% D 61746WH52 62,~~590~~583.0152 0.00 0.00 62,~~590~~583.0152 13,443,000.00 5.5253% E 61746WH86 69,~~541~~534.3514 0.00 0.00 69,~~541~~534.3514 14,936,000.00 4.2627% F 61746WH94 34,~~770~~767.6807 0.00 0.00 34,~~770~~767.6807 7,468,000.00 3.64% G 61746WJ27 34,~~770~~767.6807 0.00 0.00 34,~~770~~767.6807 7,468,000.00 3.0102% H 61746WJ35 52,929.64 0.00 0.00 52,929.64 11,948,000.00 2.01% J 61746WJ43 13,236.84 0.00 0.00 13,236.84 2,988,000.00 1.76% K 61746WJ50 13,232.41 0.00 0.00 13,232.41 2,987,000.00 1.5051% L 61746WJ68 13,232.41 0.00 0.00 13,232.41 2,987,000.00 1.2526% M 61746WJ76 13,232.41 0.00 0.00 13,232.41 2,987,000.00 1.0001% N 61746WJ84 52,935.82 0.00 0.00 52,935.82 11,949,395.09 0.00% R-I N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-II N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-III N/A 0.00 0.00 0.00 0.00 0.00 0.00% Totals 4,~~762~~755,~~757~~685.1878 0.00 0.00 5,~~990~~996,~~388~~043.0644 1,~~191~~188,~~092~~496,~~819~~241.9962

Original Beginning Pass-Through Notional Notional Class CUSIP Rate Amount Amount X-1 61746WH60 0.~~167745~~163011% 1,194,879,395.09 1,~~192~~189,~~320~~736,~~450~~599.8728 X-2 61746WH78 0.~~678937~~678414% 1,099,299,000.00 1,099,299,000.00

Ending Interest Prepayment Total Notional Class CUSIP Distribution Penalties Distribution Amount X-1 61746WH60 ~~166~~161,~~671~~616.2997 0.00 ~~166~~161,~~671~~616.2997 1,~~191~~188,~~092~~496,~~819~~241.9962 X-2 61746WH78 621,~~962~~483.5014 0.00 621,~~962~~483.5014 1,099,299,000.00 (1) Calculated by taking (A) the sum of the ending certificate balance of all classes less (B) the sum of (i) the ending certificate balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate to the designated class and dividing the result by (A).

Certificate Factor Detail Prepayment Realized Loss/ Ending Beginning Principal Interest Penalties Additional Trust Balance Class CUSIP Balance Distribution Distribution Fund Expenses A-1 61746WG79 ~~982~~965.~~94037187~~71469460 8.~~18420587~~26905107 2.~~67032133~~62352493 0.00000000 0.00000000 ~~974~~957.~~75616600~~44564353 A-2 61746WG87 1,000.00000000 0.00000000 3.61666669 0.00000000 0.00000000 1,000.00000000 A-3 61746WG95 1,000.00000000 0.00000000 4.04166667 0.00000000 0.00000000 1,000.00000000 A-4 61746WH29 1,000.00000000 0.00000000 4.29166666 0.00000000 0.00000000 1,000.00000000 B 61746WH37 1,000.00000000 0.00000000 4.~~43928872~~43880571 0.00000000 0.00000000 1,000.00000000 C 61746WH45 1,000.00000000 0.00000000 4.~~65595545~~65547247 0.00000000 0.00000000 1,000.00000000 D 61746WH52 1,000.00000000 0.00000000 4.~~65595552~~65547274 0.00000000 0.00000000 1,000.00000000 E 61746WH86 1,000.00000000 0.00000000 4.~~65595541~~65547268 0.00000000 0.00000000 1,000.00000000 F 61746WH94 1,000.00000000 0.00000000 4.~~65595608~~65547268 0.00000000 0.00000000 1,000.00000000 G 61746WJ27 1,000.00000000 0.00000000 4.~~65595608~~65547268 0.00000000 0.00000000 1,000.00000000 H 61746WJ35 1,000.00000000 0.00000000 4.43000000 0.00000000 0.00000000 1,000.00000000 J 61746WJ43 1,000.00000000 0.00000000 4.43000000 0.00000000 0.00000000 1,000.00000000 K 61746WJ50 1,000.00000000 0.00000000 4.43000000 0.00000000 0.00000000 1,000.00000000 L 61746WJ68 1,000.00000000 0.00000000 4.43000000 0.00000000 0.00000000 1,000.00000000 M 61746WJ76 1,000.00000000 0.00000000 4.43000000 0.00000000 0.00000000 1,000.00000000 N 61746WJ84 1,000.00000000 0.00000000 4.42999998 0.00000000 0.00000000 1,000.00000000 R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000

Beginnning Ending Notional Interest Prepayment Notional Class CUSIP Amount Distribution Penalties Amount X-1 61746WH60 ~~997~~995.~~85840794~~69597080 0.~~13948796~~13525798 0.00000000 ~~996~~994.~~83099808~~65790983 X-2 61746WH78 1,000.00000000 0.~~56578101~~56534495 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding ~~851~~436,~~264~~156.9832 Servicing Advances Outstanding 01,385.0039 Reimbursement for Interest on Advances 0.00 paid from general collections ~~Servicing Fee Summary~~ Current Period Accrued Servicing Fees 53,~~352~~235.6573 Less Delinquent Servicing Fees 95,~~886~~087.6026 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 101,~~566~~469.6353 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 5449,~~032~~618.6800

Certificate Interest Reconciliation Class Accrued Net Aggregate Previously Distributable Distributable Certificate Prepayment Realized Unpaid Interest Certificate Certificate Remaining Interest Interest Losses/ (including Interest Interest Interest Unpaid Shortfall Expense Losses interest thereon) Adjustment Distribution Interest A-1 ~~400~~393,~~548~~528.2074 0.00 0.00 0.00 ~~400~~393,~~548~~528.2074 0.00 ~~400~~393,~~548~~528.2074 0.00 A-2 632,916.67 0.00 0.00 0.00 632,916.67 0.00 632,916.67 0.00 A-3 667,335.75 0.00 0.00 0.00 667,335.75 0.00 667,335.75 0.00 A-4 2,409,251.54 0.00 0.00 0.00 2,409,251.54 0.00 2,409,251.54 0.00 X-1 ~~166~~161,~~671~~616.2997 0.00 0.00 0.00 ~~166~~161,~~671~~616.2997 0.00 ~~166~~161,~~671~~616.2997 0.00 X-2 621,~~962~~483.5014 0.00 0.00 0.00 621,~~962~~483.5014 0.00 621,~~962~~483.5014 0.00 B 139,~~242~~227.7358 0.00 0.00 0.00 139,~~242~~227.7358 0.00 139,~~242~~227.7358 0.00 C 152,~~990~~974.0417 0.00 0.00 0.00 152,~~990~~974.0417 0.00 152,~~990~~974.0417 0.00 D 62,~~590~~583.0152 0.00 0.00 0.00 62,~~590~~583.0152 0.00 62,~~590~~583.0152 0.00 E 69,~~541~~534.3514 0.00 0.00 0.00 69,~~541~~534.3514 0.00 69,~~541~~534.3514 0.00 F 34,~~770~~767.6807 0.00 0.00 0.00 34,~~770~~767.6807 0.00 34,~~770~~767.6807 0.00 G 34,~~770~~767.6807 0.00 0.00 0.00 34,~~770~~767.6807 0.00 34,~~770~~767.6807 0.00 H 52,929.64 0.00 0.00 0.00 52,929.64 0.00 52,929.64 0.00 J 13,236.84 0.00 0.00 0.00 13,236.84 0.00 13,236.84 0.00 K 13,232.41 0.00 0.00 0.00 13,232.41 0.00 13,232.41 0.00 L 13,232.41 0.00 0.00 0.00 13,232.41 0.00 13,232.41 0.00 M 13,232.41 0.00 0.00 0.00 13,232.41 0.00 13,232.41 0.00 N 52,935.82 0.00 0.00 0.00 52,935.82 0.00 52,935.82 0.00 Total 5,~~551~~538,~~390~~785.9789 0.00 0.00 0.00 5,~~551~~538,~~390~~785.9789 032.00 5,~~551~~538,~~390~~785.9789 0.00

Other Required Information Available Distribution Amount (1) 6,779,~~021~~143.8555 Principal Distribution Amount 1,~~227~~240,~~630~~357.8967 (a) Principal portion of Scheduled Payments 1,~~227~~240,~~630~~357.8967 and any Assumed Scheduled Payments (b) Principal Prepayments 0.00 (c) Principal Portion of Balloon Payments 0.00 (d) Liquidation, Condemnation, Purchase, 0.00 and Insurance Proceeds and REO Income Received on a Mortgage Loan Aggregate Number of Outstanding Mortgage Loans 188 Aggregate Unpaid Principal Balance of the Mortgage Loans 1,~~191~~188,~~190~~515,~~116~~542.6915 Aggregate Scheduled Principal Balance of the Mortgage Loans 1,~~191~~188,~~092~~496,~~820~~241.0164 Interest Reserve Account Deposits 0.00 Withdrawals 0.00 Total Servicing and Special Servicing Fee Paid 5449,~~032~~618.6800 Servicing Fee paid 5449,~~032~~618.6800 Special Servicing Fee paid 0.00 Trustee Fee Paid 1,~~030~~028.8460 Paying Agent Fee Paid 1,~~153~~150.3281 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,~~606~~594,~~927~~201.7800 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,~~606~~594,~~927~~201.7800 Principal: Scheduled Principal 1,~~227~~240,~~630~~357.8967 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,~~227~~240,~~630~~357.8967 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 6,834,558.67 Total Funds Distributed Fees: Master Servicing Fee 53,~~352~~235.6573 Trustee Fee 1,~~030~~028.8460 Certificate Administration Fee 1,~~153~~150.3281 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 55,~~536~~415.8115 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,~~551~~538,~~390~~785.9789 Principal Distribution 1,~~227~~240,~~630~~357.8866 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 6,779,~~021~~143.8555 Total Funds Distributed 6,834,558.6670

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 1,000,000 7 6,~~571~~551,~~105~~905.4714 0.55 ~~114~~112 6.~~1830~~1828 2.~~033724~~033835 1,000,001 to 2,000,000 41 60,~~828~~625,~~093~~786.5084 5.1110 ~~125~~123 5.~~8447~~8445 2.~~138688~~139370 2,000,001 to 3,000,000 32 8079,~~139~~861,~~315~~900.5088 6.7372 ~~126~~124 5.~~8166~~8165 1.~~866997~~867191 3,000,001 to 4,000,000 22 77,~~387~~178,~~431~~459.2028 6.5049 ~~114~~112 5.~~5577~~5574 2.~~107711~~108151 4,000,001 to 5,000,000 18 81,~~529~~340,~~264~~405.0960 6.84 ~~121~~119 5.~~5043~~5039 2.~~126518~~127176 5,000,001 to 6,000,000 1112 6066,~~632~~504,~~902~~635.1729 5.0960 ~~125~~127 5.~~5704~~5552 1.~~955216~~903767 6,000,001 to 7,000,000 76 4438,~~826~~628,~~042~~373.5075 3.7625 ~~116~~105 5.~~5429~~5650 1.~~727724~~782140 7,000,001 to 8,000,000 5 37,~~766~~700,~~330~~987.2524 3.17 ~~113~~111 5.~~8111~~8109 1.~~652873~~652932 8,000,001 to 9,000,000 78 6069,~~144~~058,~~680~~057.6684 5.0581 ~~109~~111 5.~~3413~~4381 2.~~154212~~063226 9,000,001 to 10,000,000 65 5546,~~394~~270,~~441~~683.4164 43.6589 ~~138~~135 5.~~8532~~8073 1.~~540662~~558050 10,000,001 to 15,000,000 16 199,~~887~~471,~~811~~939.0111 16.78 ~~111~~109 5.~~4303~~4299 2.~~143164~~143971 15,000,001 to 20,000,000 9 147,~~744~~497,~~165~~874.7960 12.4041 ~~109~~107 5.~~4985~~4976 2.~~087714~~088551 20,000,001 to 30,000,000 5 119,~~802~~594,~~202~~359.3930 10.06 9896 5.~~3067~~3062 2.~~244544~~245337 30,000,001 and greater 2 158,~~439~~210,~~034~~873.0713 13.3031 9896 5.~~1418~~1410 2.~~541849~~542630 Totals 188 1,~~191~~188,~~092~~496,~~820~~241.0164 100.00 ~~113~~111 5.~~4912~~4907 2.~~108449~~109166

State(3) # of Scheduled % of Weighted State Props. Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Alabama 1 15,~~922~~895,~~780~~509.4506 1.34 ~~114~~112 6.4500 1.880000 Arizona 11 48,~~979~~892,~~582~~877.9988 4.11 ~~114~~112 5.7643 1.~~826016~~825984 California 67 ~~364~~363,~~097~~025,~~746~~434.5834 30.5754 ~~124~~122 5.~~5376~~5374 2.~~011421~~011849 Colorado 5 20,~~679~~628,~~162~~477.5458 1.74 ~~106~~104 5.~~9682~~9683 1.~~585509~~585533 Connecticut 5 36,~~457~~391,~~380~~693.9915 3.06 ~~108~~106 5.~~3092~~3087 2.~~567668~~568194 Delaware 1 4,~~421~~389,~~308~~167.7008 0.37 ~~175~~173 5.6000 1.410000 Florida 10 45,~~530~~445,~~018~~565.2982 3.82 ~~117~~115 5.~~3874~~3868 2.~~485151~~486094 Georgia 3 35,~~189~~151,~~955~~172.7953 2.9596 ~~101~~99 4.~~9735~~9725 2.~~346660~~347641 Hawaii 1 13,~~710~~686,~~491~~748.3495 1.15 9492 7.0000 1.490000 Idaho 1 1,~~192~~189,~~225~~015.0516 0.10 ~~115~~113 6.2600 1.650000 Illinois 12 52,~~442~~322,~~376~~623.4285 4.40 ~~124~~122 5.~~5002~~5000 1.~~980885~~982099 Indiana 2 9,700,000.00 0.8182 9694 5.4191 1.768969 Kentucky 2 16,~~740~~705,~~374~~225.9377 1.41 ~~114~~112 5.~~8111~~8110 1.~~489725~~489743 Louisiana 1 9,~~041~~024,~~393~~142.1981 0.76 ~~107~~105 6.1700 1.390000 Maryland 5 44,~~463~~351,~~585~~564.5732 3.73 ~~113~~111 5.~~8999~~9001 1.~~557632~~557555 Massachusetts 6 119,~~344~~210,~~472~~896.6774 10.0203 7169 5.~~1305~~1290 2.~~635960~~637053 Michigan 3 26,~~589~~468,~~384~~871.3726 2.23 ~~233~~231 5.7400 1.950000 Minnesota 4 7,~~772~~736,~~207~~233.0929 0.65 ~~114~~112 5.~~5331~~5333 2.~~318778~~318511 Montana 1 2,~~595~~577,~~970~~451.2350 0.22 ~~174~~172 5.9100 1.260000 Nevada 2 5,~~297~~284,~~104~~135.8292 0.44 ~~115~~113 5.~~1891~~1890 2.~~065459~~065494 New Jersey 9 83,~~661~~590,~~275~~982.5884 7.0203 9492 4.~~9567~~9563 2.~~627730~~628530 New Mexico 2 9,~~979~~942,~~610~~309.3393 0.84 ~~114~~112 5.~~7315~~7312 1.~~577249~~577369 New York 11 69,~~962~~845,~~205~~204.7532 5.8788 ~~114~~112 5.~~1490~~1487 2.~~269340~~270021 Ohio 1 12,~~495~~440,~~032~~715.3834 1.05 8078 5.9000 1.650000 Oklahoma 1 1,005,100.00 0.08 ~~115~~113 5.0500 2.680000 Oregon 2 7,~~573~~555,~~131~~096.8865 0.64 ~~113~~111 5.3529 2.~~093852~~093933 Pennsylvania 4 12,~~564~~526,~~698~~452.0743 1.05 ~~113~~111 6.~~5491~~5487 1.~~577473~~577408 Rhode Island 1 12,900,000.00 1.0809 7876 5.1000 2.480000 South Carolina 1 9,~~082~~065,~~804~~198.7610 0.76 ~~112~~110 5.9500 1.410000 Tennessee 2 12,~~789~~752,~~304~~802.9201 1.07 ~~114~~112 5.9676 1.~~429789~~429787 Texas 19 37,~~976~~922,~~292~~864.1382 3.19 ~~121~~119 5.~~4713~~4708 2.~~208783~~209347 Utah 1 1,~~268~~259,~~291~~004.3109 0.11 ~~113~~111 5.7100 1.340000 Virginia 1 10,~~903~~885,~~337~~294.5972 0.92 ~~109~~107 6.7500 1.300000 Washington 3 14,~~471~~438,~~569~~764.4763 1.21 ~~112~~110 5.~~6900~~6901 1.~~680282~~680278 Wisconsin 2 14,~~292~~289,~~643~~644.8375 1.20 8482 4.~~6021~~6017 2.~~932208~~932482 Totals 203 1,~~191~~188,~~092~~496,~~820~~241.0164 100.00 ~~113~~111 5.~~4912~~4907 2.~~108449~~109166

Debt Service Coverage Ratio(1) Debt Service # of Scheduled % of Weighted Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 1.20 or less 2 16,~~666~~594,~~068~~612.7385 1.40 ~~106~~104 7.~~2392~~2394 1.~~196311~~196320 1.21 to 1.30 7 42,~~282~~162,~~395~~810.5604 3.55 ~~132~~130 6.~~4536~~4538 1.~~281879~~281900 1.31 to 1.40 14 60,~~435~~226,~~321~~070.4607 5.07 ~~136~~134 5.~~8961~~8962 1.~~374740~~374767 1.41 to 1.50 18 103,~~588~~240,~~540~~162.9846 8.7069 ~~124~~121 5.~~9415~~9421 1.~~459764~~459752 1.51 to 1.60 16 72,~~885~~700,~~041~~782.3448 6.12 ~~113~~111 5.8367 1.~~546133~~546132 1.61 to 1.70 22 115,~~686~~312,~~301~~119.5215 9.7170 ~~108~~106 5.~~6222~~6224 1.~~652223~~652211 1.71 to 1.80 19 112,~~468~~166,~~695~~456.1735 9.44 ~~103~~101 5.~~5409~~5407 1.~~753688~~753695 1.81 or greater 90 ~~667~~666,~~080~~093,~~455~~228.2524 56.0105 ~~110~~108 5.~~2111~~2105 2.~~551202~~551748 Totals 188 1,~~191~~188,~~092~~496,~~820~~241.0164 100.00 ~~113~~111 5.~~4912~~4907 2.~~108449~~109166

Property Type (3) Property # of Scheduled % of Weighted Type Props Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Industrial 34 ~~161~~160,~~343~~725,~~719~~228.9124 13.5552 ~~141~~139 5.~~7738~~7743 1.~~869406~~869824 Lodging 2 18,~~647~~577,~~734~~962.1295 1.5756 9290 6.~~1244~~1246 1.~~762181~~762319 Mixed Use 5 37,~~358~~300,~~769~~342.4260 3.14 ~~101~~99 5.~~2650~~2646 2.~~404484~~404934 Mobile Home Park 8 5554,~~012~~918,~~850~~217.8522 4.62 ~~118~~116 5.1740 2.~~393666~~394337 Multi-Family 22 101,~~670~~463,~~074~~169.4081 8.54 ~~120~~118 5.~~4037~~4032 2.~~053627~~054268 Office 33 ~~394~~393,~~306~~569,~~143~~312.5156 33.1011 ~~103~~101 5.~~4476~~4469 2.~~135799~~136462 Other 5 3130,~~023~~977,~~394~~702.9195 2.6061 9896 6.~~0853~~0848 1.~~921567~~921961 Retail 77 337,338,~~012,570~~256.5873 28.38 ~~113~~111 5.~~4277~~4270 2.~~118777~~119544 Self Storage 17 53,~~717~~626,~~562~~048.3158 4.51 9896 5.~~4475~~4472 2.~~394587~~395297 Totals 203 1,~~191~~188,~~092~~496,~~820~~241.0164 100.00 ~~113~~111 5.~~4912~~4907 2.~~108449~~109166

Note Rate Note # of Scheduled % of Weighted Rate Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 5.500% or less 66 ~~562~~561,~~289~~482,~~547~~214.0033 47.2124 9795 4.~~9676~~9672 2.~~572110~~572941 5.501% to 6.000% 79 ~~437~~436,~~320~~056,~~146~~932.8278 36.7269 ~~128~~126 5.~~7368~~7367 1.~~772456~~772473 6.001% to 6.500% 32 ~~132~~131,~~139~~782,~~569~~074.2764 11.09 ~~129~~127 6.~~2567~~2568 1.~~538464~~538566 6.501% to 7.000% 9 41,~~607~~510,~~373~~603.0764 3.49 ~~111~~109 6.~~7695~~7696 1.~~569732~~569578 7.001% to 7.500% 2 17,~~736~~664,~~183~~416.8525 1.49 ~~102~~100 7.3333 1.~~203890~~203891 7.5% or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 188 1,~~191~~188,~~092~~496,~~820~~241.0164 100.00 ~~113~~111 5.~~4912~~4907 2.~~108449~~109166

Seasoning # of Scheduled % of Weighted Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 12 months or less ~~184~~177 1,~~150~~106,~~792~~466,~~728~~238.5143 9693.6210 ~~113~~111 5.~~4414~~4074 2.~~135167~~164386 13 to 24 months 310 2668,~~589~~343,~~600~~254.1626 25.2375 ~~103~~105 6.~~8699~~5361 1.~~270960~~339148 25 to 36 months 1 13,~~710~~686,~~491~~748.3495 1.15 9492 7.0000 1.490000 37 to 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 188 1,~~191~~188,~~092~~496,~~820~~241.0164 100.00 ~~113~~111 5.~~4912~~4907 2.~~108449~~109166

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 8 103,~~933~~877,~~597~~199.1450 8.7374 5351 4.~~8287~~8282 2.~~772306~~772885 61 to 120 months 153 ~~907~~906,~~870~~117,~~321~~085.8415 76.2224 ~~106~~104 5.~~5101~~5096 2.~~097393~~097940 121 to 180 months 5 90,~~450~~173,~~811~~429.9972 7.59 ~~152~~150 5.7870 1.~~935462~~935479 181 months and greater 1 2,~~279~~270,~~312~~886.2955 0.19 ~~199~~197 6.2100 1.400000 Totals 167 1,~~104~~102,~~534~~438,~~043~~600.2692 92.7376 ~~105~~103 5.~~4701~~4696 2.~~146201~~146810

Remaining Stated Term (Fully Amortizing Loans) Remaining # of Scheduled % of Weighted Stated Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 60 months or less 0 0.00 0.00 0 0.0000 0.000000 61 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 180 months 12 40,~~508~~212,~~773~~104.8972 3.4038 ~~174~~172 5.6143 1.~~455320~~455306 181 to 240 months 9 4645,~~050~~845,~~002~~536.8600 3.8786 ~~233~~231 5.8896 1.~~777475~~777445 241 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 21 86,~~558~~057,~~776~~640.7572 7.2724 ~~206~~204 5.~~7607~~7610 1.~~626709~~626919

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 20 254,747,250.00 21.3943 7876 4.7172 3.026597 60 months or less 0 0.00 0.00 0 0.0000 0.000000 61 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 180 months 3 9,~~528~~456,~~839~~197.1191 0.80 8987 5.~~0443~~0444 1.~~620370~~620346 181 to 240 months 20 90,~~822~~420,~~266~~505.0342 7.6361 ~~107~~105 6.~~0381~~0383 1.~~835728~~835598 241 to 300 months 51 246,~~916~~164,~~660~~251.3006 20.7371 ~~121~~119 5.7721 1.~~823701~~823705 301 to 360 months 73 ~~502~~501,~~519~~650,~~027~~396.8253 42.1921 ~~111~~109 5.~~6088~~6086 1.~~924439~~924608 361 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 167 1,~~104~~102,~~534~~438,~~043~~600.2692 92.7376 ~~105~~103 5.~~4701~~4696 2.~~146201~~146810

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 188 1,~~191~~188,~~092~~496,~~820~~241.0164 100.00 ~~113~~111 5.~~4912~~4907 2.~~108449~~109166 1 year or less 0 0.00 0.00 0 0.0000 0.000000 1 to 2 years 0 0.00 0.00 0 0.0000 0.000000 2 years and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 188 1,~~191~~188,~~092~~496,~~820~~241.0164 100.00 ~~113~~111 5.~~4912~~4907 2.~~108449~~109166 (1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrower on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is used. The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. (2)Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date balance of each property as disclosed in the offering document. Note: (i) An ARD Loan constitutes a "Hyper-Amortization Loan" as defined in the offering document.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type(1) City State Payment Payment Coupon 600872350 1 OF Boston MA 338,524.31 0.00 4.625% 600872301 2 OF Costa Mesa CA ~~351~~350,~~825~~739.1700 ~~113~~114,~~266~~352.4966 5.740% 700201093 003 004 IN Various Various 154,~~348~~085.4070 21,~~102~~365.4313 6.450% 600872302 5 IN Troy MI 9,~~756~~712.3443 4,~~273~~317.9182 5.740% 600872303 6 IN Troy MI 7372,~~172~~843.5626 32,~~054~~383.3565 5.740% 600872304 7 IN Troy MI 48,~~781~~562.7117 21,~~369~~589.5610 5.740% 850201139 8 OF Oakland CA ~~114~~113,~~125~~868.1976 2627,~~873~~129.4588 5.175% 850201166 9 OF New York NY 92,690.00 0.00 4.680% 310901067 10 IN Van Nuys CA ~~104~~103,~~192~~709.4840 49,~~206~~689.3947 5.500% 850201186 11 RT Smyrna GA 79,908.33 0.00 4.460% 310901121 12 MH Davie FL 84,797.92 0.00 5.050% 600872305 13 MF Monterey CA 71,429.17 0.00 4.740% 600872344 14 OF Gaithersburg MD 90,~~616~~449.7143 14,~~043~~210.1442 6.250% 310901139 15 OF Beverly Hills CA 67,~~694~~535.1082 17,~~514~~672.1745 4.930% 600872306 16 OF Germantown MD 75,~~653~~420.8838 24,~~520~~753.2777 5.700% 850201174 017 018 Various East Hanover NJ 61,393.02 0.00 4.685% 850201098 19 RT Edison NJ 75,~~444~~289.0879 14,~~604~~758.7099 5.650% 310900360 20 OF Bedford MA 9796,~~355~~960.2661 2930,~~687~~081.2186 7.310% 310901157 21 OF Concord CA 71,~~186~~034.7426 15,~~367~~519.3886 5.350% 850201128 22 MU Greenwich CT 71,~~908~~763.8433 13,~~709~~854.2677 5.670% 850201146 23 MF Lexington KY 71,~~742~~598.4062 13,~~483~~627.3311 5.690% 600872307 24 RT LaGrange IL 69,~~482~~342.2930 13,~~134~~274.4948 5.690% 850201165 25 MU Edgewater NJ 54,658.33 0.00 4.685% 850201187 26 OT Honolulu HI 82,~~706~~564.7044 10,~~435~~577.6591 7.000% 850201119 27 RT Racine WI 48,840.00 0.00 4.440% 850201134 28 OF Providence RI 54,825.00 0.00 5.100% 310901026 29 LO Independence OH 63,~~613~~338.4589 2526,~~931~~206.4703 5.900% 850201147 30 RT West Paterson NJ 43,238.65 0.00 4.685% 850201178 31 IN Santa Fe Springs CA 4847,~~111~~753.6942 3940,~~651~~009.1441 5.135% 850201097 32 RT Mays Landing NJ 50,~~209~~050.2472 16,~~358~~517.5709 5.350% 600872345 33 OF Suffolk VA 63,~~421~~317.7144 78,~~924~~028.0835 6.750% 850201163 34 MF New York NY 46,~~175~~067.3353 11,~~837~~945.9575 4.965% 600872308 35 RT Stamford CT 4847,~~016~~909.0879 10,~~846~~952.2150 5.300% 850201148 36 RT Brick NJ 37,552.08 0.00 4.375% 310901179 37 RT Chandler AZ 44,~~433~~342.9271 8,~~805~~896.3051 5.550% 600872309 38 RT Alpharetta GA 44,~~371~~280.5310 8,~~676~~767.0245 5.640% 600872310 39 MF Boiling Springs SC 46,~~577~~487.6893 78,~~987~~077.4015 5.950% 700200916 40 OF Metairie LA 4847,~~078~~987.7861 7,~~784~~875.1330 6.170% 600872311 41 IN Peabody MA 47,~~310~~141.3005 15,~~334~~503.4166 6.090% 600872312 42 OF Memphis TN 45,~~254~~124.3336 12,~~074~~204.4138 5.880% 700201133 43 RT Mission Viejo CA 40,848.53 0.00 5.330% 700201053 44 IN Kirkland WA 4443,~~013~~925.9439 8,~~150~~238.4297 5.790% 850201157 045 051 RT Various Various 36,227.02 0.00 5.050% 850201111 52 RT San Marcos TX 42,~~288~~205.4938 7,~~612~~695.5970 5.805% 850201156 053 059 RT Various TX 35,450.37 0.00 5.050% 850201154 60 RT Windsor CT 29,321.54 0.00 4.390% 310901064 61 MH Glendale AZ 37,076.00 0.00 5.520% 310901101 62 RT Yuba City CA 38,~~832~~756.9858 67,~~965~~041.1454 5.830% 850201137 63 RT Pasadena CA 3837,~~024~~951.8993 6,~~532~~605.3632 5.915% 600872313 64 RT West Nyack NY 35,~~689~~614.2281 7,~~177~~252.7213 5.560% 850201115 65 OF Denver CO 39,~~511~~403.2093 9,~~304~~411.3360 6.250% 310900825 66 RT Farmington NM 35,~~228~~073.54 14,~~599~~754.11 5.920% 610901155 67 IN Rancho Cucamonga CA 27,~~846~~632.6505 2526,~~788~~002.1575 4.740% 600872314 68 RT Orland Park IL 31,~~745~~647.4083 9,~~457~~554.1572 5.670% 310901007 69 RT Brandon FL 29,~~221~~128.8336 9,~~806~~899.0148 5.270% 850201189 70 LO San Diego CA 34,~~902~~815.1306 7,~~101~~188.1219 6.580% 850201112 71 MH Countryside IL 28,~~236~~025.4895 22,~~110~~321.6821 5.405% 850201114 72 MF Corvallis OR 27,~~217~~157.7014 6,~~245~~306.8440 5.250% 310900793 73 IN Sausalito CA 29,~~711~~643.0995 6,~~136~~203.0115 5.880% 600872315 74 MH Casa Grande AZ 24,~~259~~201.0340 6,~~452~~510.6528 4.880% 610901174 75 MF Fullerton CA 23,301.67 0.00 4.920% 700201113 76 OF New York NY 25,~~941~~887.7863 5,~~286~~340.6277 5.500% 600872316 77 MF Middletown NY 23,~~952~~874.8791 8,~~488~~566.6460 5.090% 600872317 78 RT Lone Tree CO 29,~~493~~440.0023 4,~~407~~460.2300 6.260% 600872318 79 OF Greenbelt MD 27,~~181~~102.7637 7,~~518~~598.8726 5.780% 850201055 80 OT New York NY 25,~~469~~413.2489 5,~~500~~556.8419 5.425% 310901140 81 RT Plano TX 26,~~410~~357.4809 5,~~048~~102.8726 5.650% 310900905 82 RT Sacramento CA 29,~~879~~756.0781 10,~~530~~652.3763 6.430% 600872319 83 MF Greenwood IN 25,528.50 0.00 5.490% 310901062 84 SS Truckee CA 23,~~821~~771.7362 4,~~819~~869.2031 5.580% 310901130 85 IN Redondo Beach CA 19,915.78 0.00 4.720% 700201088 86 OF Agoura Hills CA 23,~~485~~437.9439 4,~~643~~692.9348 5.600% 850201133 87 RT Allentown PA 27,~~601~~490.2483 9,~~235~~345.3778 6.605% 850201142 88 SS Lincolnwood IL 21,236.94 0.00 5.085% 310901131 89 RT Studio City CA 19,715.14 0.00 4.820% 850201164 90 SS San Clemente CA 22,~~404~~357.2649 4,~~565~~612.7249 5.500% 600872321 91 RT Hiram GA 23,~~857~~754.6754 9,~~473~~576.5568 6.060% 600872347 92 OF Tucson AZ 23,~~376~~331.4026 4,~~025~~070.7387 5.940% 310901102 93 SS Costa Mesa CA 20,~~739~~694.1854 4,~~473~~518.5620 5.380% 850201161 94 RT Dover DE 21,~~395~~241.8257 15,~~612~~766.1641 5.600% 850201121 95 OT Philadelphia PA 23,~~271~~228.5670 3,~~695~~738.2107 6.100% 310901063 96 MH Demotte IN 19,735.81 0.00 5.330% 310901112 97 OF West Hollywood CA 2120,~~022~~980.9489 3,~~934~~976.2833 5.700% 600872322 98 RT Miami FL 8,~~296~~271.0362 2,~~347~~371.4788 5.700% 600872323 99 RT Pembroke Pines FL 12,~~231~~195.8665 3,~~482~~519.9718 5.700% 850201172 100 MU Medford and Malden MA 18,~~857~~769.8553 9,~~443~~531.6092 5.250% 600872324 101 MH Las Vegas NV 17,~~566~~525.8815 4,~~672~~714.6235 4.880% 600872325 102 RT New Lenox IL 20,~~275~~234.6510 3,~~941~~983.7126 5.640% 310901034 103 OF Denver CO 18,~~585~~525.6499 6,~~283~~342.1479 5.250% 850201167 104 OF Newark NJ 16,223.33 0.00 4.710% 850201138 105 MH Lothian MD 18,~~745~~705.1354 3,~~891~~930.2079 5.470% 850201124 106 RT Houston TX 18,~~296~~257.9321 4,~~014~~054.7244 5.340% 850201153 107 RT Malden MA 17,~~301~~219.2615 8,~~869~~951.8596 5.200% 600872326 108 RT Memphis TN 20,~~554~~498.6406 45,~~979~~036.9553 6.170% 310901059 109 SS Goleta CA 18,~~706~~650.4638 5,~~397~~454.9402 5.700% 600872327 110 RT Roseville CA 18,~~547~~464.3741 8,~~088~~171.4339 5.730% 850201140 111 SS Chicago IL 16,534.63 0.00 5.100% 850201143 112 SS River Grove IL 15,982.44 0.00 5.085% 600872328 113 RT Jacksonville FL 17,~~667~~616.5727 4,~~856~~907.2959 5.780% 700201159 114 MU New York NY 17,~~115~~081.4554 3,~~176~~210.3930 5.690% 410901098 115 MH Blaine MN 14,~~890~~818.9102 8,~~207~~280.5443 5.000% 410901077 116 SS Morgan Hill CA 16,~~982~~948.2526 3,~~151~~185.0201 5.750% 410900192 117 SS Palm Springs CA 16,~~924~~874.7092 4,~~614~~664.6341 5.900% 410901145 118 SS Palm Springs CA 15,~~560~~513.6157 4,~~704~~751.2832 5.500% 410901068 119 RT Sylmar CA 17,~~688~~566.0565 10,~~787~~908.0747 6.350% 410901117 120 OF Glendora CA 16,~~201~~154.8996 4,~~401~~448.4841 5.830% 410901045 121 IN Newbury Park CA 1716,~~022~~975.8547 4,~~195~~243.9634 6.140% 600872329 122 SS Del Rey Oaks CA 15,~~613~~582.6708 2,~~959~~990.1473 5.700% 410901118 123 OF Seattle WA 15,~~294~~248.6632 4,~~547~~594.7004 5.600% 410901079 124 MF Santa Cruz CA 14,~~873~~827.7897 4,~~586~~632.6546 5.500% 410901147 125 OF Albuquerque NM 14,~~114~~083.2154 3,~~119~~150.4916 5.310% 850201125 126 RT Orlando FL 13,~~722~~692.7091 3,~~011~~040.0483 5.340% 600872348 127 RT Huntington NY 14,~~922~~892.4192 2,~~699~~728.2978 5.810% 600872330 128 RT Evanston IL 14,~~301~~271.5580 2,~~864~~893.1186 5.570% 410901073 129 RT Redding CA 15,~~630~~586.3480 3,~~882~~926.5004 6.100% 410901049 130 OF San Diego CA 13,~~985~~920.6234 6,~~651~~716.0028 5.500% 600872331 131 RT Boca Raton FL 13,~~687~~646.2435 4,~~001~~042.9786 5.610% 410901075 132 IN Colorado Springs CO 13,~~420~~392.5479 2,~~653~~681.6742 5.600% 600872332 133 RT Sun City CA 13,~~327~~268.9907 5,~~885~~945.2315 5.690% 310900948 134 IN Fountain Valley CA 13,~~753~~713.5350 3,~~642~~682.6164 6.000% 600872333 135 MF Chandler AZ 12,~~209~~183.6210 2,~~654~~680.4193 5.390% 410901107 136 MF Missoula MT 13,~~257~~163.0124 89,~~976~~070.5532 5.910% 410901056 137 MF El Cajon CA 12,~~677~~639.7082 3,~~631~~669.9684 5.720% 410901116 138 OF Sacramento CA 12,~~809~~772.93 3,~~483~~520.06 5.810% 600872334 139 IN San Diego CA 11,~~657~~569.2012 9,~~586~~675.9705 5.500% 410901100 140 MF Puyallup WA 11,~~672~~647.6185 2,~~443~~468.7955 5.450% 410901094 141 IN Burbank CA 12,~~379~~343.3608 3,~~423~~460.9321 5.800% 410901065 142 RT Orlando FL 12,~~822~~731.6995 8,~~409~~499.0478 6.100% 410901043 143 OF Santa Fe Springs CA 12,~~661~~638.9301 2,~~090~~114.1204 6.040% 410901060 144 IN El Monte CA 11,~~946~~910.3060 3,~~422~~458.4212 5.720% 600872335 145 RT Goodyear AZ 11,~~371~~347.2150 2,~~300~~324.9364 5.530% 850201068 146 RT Salisbury MD 11,~~445~~411.8683 3,~~243~~277.7780 5.750% 600872336 147 RT Homestead PA 14,~~858~~802.5998 4,~~058~~114.4809 7.490% 600872337 148 RT Glenview IL 11,~~817~~773.0770 4,~~180~~223.3774 6.210% 410901070 149 IN San Bernardino Cou CA 11,~~288~~206.0083 7,~~897~~978.7592 5.820% 600872338 150 RT Tarrytown NY 10,~~706~~684.7644 2,~~153~~175.3264 5.560% 700201120 151 RT Suffern NY 10,~~357~~325.2877 3,~~152~~184.6415 5.500% 850201117 152 MF Bloomfield NJ 11,~~968~~947.0810 1,~~721~~742.1109 6.350% 410901061 153 IN Salinas CA 10,~~799~~767.1322 3,~~041~~073.2112 5.750% 410901106 154 IN Chatsworth CA 11,~~137~~059.6486 7,~~379~~457.7048 5.960% 310900845 155 MF Louisville KY 12,~~107~~075.4926 2,~~611~~643.6386 6.650% 410901057 156 SS Apple Valley CA 10,~~339~~308.5270 2,~~964~~995.8668 5.700% 410901111 157 RT Marana AZ 10,~~148~~129.5914 1,~~739~~759.7520 5.920% 850201122 158 RT Ridgefield CT 9,~~855~~835.3877 1,~~816~~835.0869 5.750% 620901150 159 IN Van Nuys CA 9,~~501~~473.7811 2,~~839~~868.7643 5.550% 410900983 160 OF Wellington FL 109,~~006~~988.9527 1,~~621~~639.1785 6.070% 410901146 161 SS Bakersfield CA 8,~~944~~917.9271 2,~~722~~749.7495 5.500% 850201141 162 SS South Yarmouth MA 8,253.94 0.00 5.085% 600872339 163 MF Houston TX 9,~~981~~939.5577 3,~~741~~783.5735 6.200% 410901050 164 OF Claremont CA 8,~~624~~584.4621 4,~~101~~141.4671 5.500% 410901095 165 166 Various Sacramento CA 8,~~636~~610.5480 2,~~476~~502.5327 5.700% 600872340 167 IN Mangonia Park FL 8,~~959~~933.5359 2,~~347~~373.8680 6.030% 410901055 168 MF Castro Valley CA 8,~~454~~392.3769 6,~~077~~139.8149 5.750% 410901090 169 RT Costa Mesa CA 8,~~441~~424.3765 1,~~533~~550.4315 5.800% 410901099 170 MF Sonoma CA 7,~~539~~523.4361 1,~~545~~561.1901 5.500% 410901058 171 SS Apple Valley CA 7,~~663~~640.4157 2,~~197~~220.4832 5.700% 410901120 172 RT Portland OR 7,~~729~~706.2266 2,~~147~~170.7531 5.750% 410901123 173 MF West St. Paul MN 7,~~298~~265.3379 3,~~190~~222.1569 5.700% 410901072 174 IN Santa Fe Springs CA 7,~~233~~212.9219 2,~~112~~133.2497 5.650% 410901081 175 OF Hauppauge NY 7,~~438~~385.4726 5,~~122~~175.3455 5.880% 850201149 176 SS Bolingbrook IL 6,349.19 0.00 5.085% 410901093 177 RT Fresno CA 7,~~999~~966.3579 2,~~785~~818.8743 6.470% 600872341 178 RT Eagan MN 7,~~322~~290.2410 3,~~015~~048.8802 5.940% 410901083 179 RT Woodbury MN 7,~~601~~569.9385 2,~~850~~882.3442 6.250% 850201160 180 SS Wheeling IL 6,130.25 0.00 5.085% 410901134 181 RT Pasadena TX 7,~~130~~100.1367 2,~~593~~622.3278 6.300% 410901128 182 RT Sacramento CA 6,~~973~~954.5480 1,~~618~~636.2498 6.270% 410901113 183 MF Provo UT 6,~~258~~212.2985 4,~~509~~554.2266 5.710% 410901104 184 IN Murrieta CA 6,~~745~~731.8656 1,~~227~~241.1343 6.200% 410901163 185 IN Watertown CT 6,~~745~~700.5203 4,~~040~~086.5100 6.350% 410901110 186 IN Boise ID 6,~~434~~417.7857 1,~~488~~505.6788 6.260% 600872342 187 RT Chicago IL 6,~~171~~160.9634 1,~~022~~034.6527 6.000% 410901089 188 IN San Jose CA 6,~~148~~131.7735 1,~~582~~600.8527 6.000% 410901066 189 OF Sacramento CA 6,~~737~~710.6025 2,~~287~~314.1651 6.610% 410901076 190 RT Carson CA 5,~~920~~908.3780 1,~~048~~060.4704 5.860% 410901020 191 OF Las Vegas NV 6,~~129~~113.7952 1,~~387~~403.4673 6.340% 600872343 192 IN Brookfield WI 5,~~981~~964.2594 1,~~487~~503.3263 6.560% 410901069 193 IN Ontario CA 5,~~486~~470.7773 1,~~500~~516.0307 5.850% 410901105 194 IN Santa Monica CA 5,~~352~~314.5818 3,~~781~~820.9333 5.750% 310900936 195 IN Scottsdale AZ 5,~~267~~252.6913 1,~~440~~455.1874 5.911% 410901051 196 OF Upland CA 4,~~778~~756.4212 2,~~272~~294.4272 5.500% 410901092 197 RT Colorado Springs CO 5,~~384~~375.8634 ~~791~~801.8436 6.280% 850201120 198 OT Philadelphia PA 5,~~229~~219.5693 ~~830~~840.3902 6.100% 410901129 199 IN Buena Park CA 4,~~701~~686.0869 1,~~439~~454.8019 5.500% 410901048 200 MU Sacramento CA 5,~~142~~132.2446 ~~859~~869.7048 6.010% 410901088 201 MF Tucson AZ 5,~~436~~413.3279 1,~~954~~977.7932 6.390% 410901135 202 RT Pasadena TX 5,~~244~~223.5066 1,~~744~~765.1903 6.600% 410901087 203 MF Tucson AZ 3,~~895~~879.6783 1,~~339~~355.8468 6.540% Totals 5,~~606~~594,~~927~~201.7800 1,~~227~~240,~~630~~357.8967

Loan Anticipated Neg Beginning Ending Paid Number Repayment Maturity Amort Scheduled Scheduled Thru Date Date (Y/N) Balance Balance Date 600872350 N/A 04/08/2008 N 85,000,000.00 85,000,000.00 1012/08/2003 600872301 N/A 06/01/2016 N 73,~~552~~325,~~300~~225.5679 73,~~439~~210,~~034~~873.0713 1101/01/~~2003~~2004 700201093 N/A 05/01/2013 N 27,~~789~~742,~~659~~362.2801 27,~~768~~720,~~556~~996.8588 1101/01/~~2003~~2004 600872302 N/A 04/01/2023 N 1,~~973~~964,~~857~~974.9698 1,~~969~~960,~~584~~657.0516 1101/01/~~2003~~2004 600872303 N/A 04/01/2023 N 14,~~803~~737,~~934~~312.5310 14,~~771~~704,~~880~~928.1845 1101/01/~~2003~~2004 600872304 N/A 04/01/2023 N 9,~~869~~824,~~289~~874.7075 9,~~847~~803,~~920~~285.1465 1101/01/~~2003~~2004 850201139 N/A 05/01/2010 N 25,~~610~~552,~~140~~596.7146 25,~~583~~525,~~267~~466.2658 1101/01/~~2003~~2004 850201166 N/A 06/01/2013 N 23,000,000.00 23,000,000.00 1101/01/~~2003~~2004 310901067 N/A 04/01/2013 N 21,~~999~~897,~~584~~585.6731 21,~~950~~847,~~378~~895.2884 1101/01/~~2003~~2004 850201186 N/A 07/01/2009 N 21,500,000.00 21,500,000.00 1101/01/~~2003~~2004 310901121 N/A 05/01/2013 N 19,500,000.00 19,500,000.00 1101/01/~~2003~~2004 600872305 N/A 06/01/2013 N 17,500,000.00 17,500,000.00 1101/01/~~2003~~2004 600872344 N/A 12/01/2012 N 16,~~837~~806,~~169~~087.8632 16,~~823~~791,~~126~~876.7290 1001/01/~~2003~~2004 310901139 N/A 07/01/2013 N 15,~~945~~908,~~741~~457.7275 15,~~928~~890,~~227~~785.5530 1101/01/~~2003~~2004 600872306 N/A 07/01/2013 N 15,~~927~~877,~~132~~975.5251 15,~~902~~853,~~612~~221.2574 1101/01/~~2003~~2004 850201174 N/A 07/01/2010 N 15,725,000.00 15,725,000.00 1101/01/~~2003~~2004 850201098 N/A 04/01/2013 N 15,~~506~~474,~~633~~921.7692 15,~~492~~460,~~029~~162.0693 1101/01/~~2003~~2004 310900360 N/A 04/01/2012 N 15,~~466~~403,~~172~~477.8511 15,~~436~~373,~~485~~395.6526 1101/01/~~2003~~2004 310901157 N/A 07/01/2013 N 15,~~452~~418,~~051~~952.9433 15,~~436~~403,~~684~~432.5647 1101/01/~~2003~~2004 850201128 N/A 05/01/2013 N 14,~~727~~698,~~873~~070.8188 14,~~714~~684,~~164~~216.55 11 01/01/~~2003~~2004 850201146 N/A 06/01/2013 N 14,~~642~~612,~~136~~792.9408 14,~~628~~599,~~653~~164.6197 1101/01/~~2003~~2004 600872307 N/A 05/03/2013 N 14,~~180~~152,~~863~~291.9836 14,~~167~~139,~~729~~016.4988 1101/03/~~2003~~2004 850201165 N/A 06/01/2010 N 14,000,000.00 14,000,000.00 1101/01/~~2003~~2004 850201187 N/A 09/01/2011 N 13,~~720~~697,~~926~~326.9986 13,~~710~~686,~~491~~748.3495 1101/01/~~2003~~2004 850201119 N/A 04/01/2010 N 13,200,000.00 13,200,000.00 1101/01/~~2003~~2004 850201134 N/A 05/01/2010 N 12,900,000.00 12,900,000.00 1101/01/~~2003~~2004 310901026 N/A 07/01/2010 N 12,~~520~~466,~~963~~921.8537 12,~~495~~440,~~032~~715.3834 1001/01/~~2003~~2004 850201147 N/A 06/01/2010 N 11,075,000.00 11,075,000.00 1101/01/~~2003~~2004 850201178 N/A 07/01/2018 N 10,~~880~~799,~~553~~529.5157 10,~~840~~759,~~902~~520.3716 1101/01/~~2003~~2004 850201097 N/A 04/01/2013 N 10,~~898~~864,~~599~~189.1240 10,~~882~~847,~~240~~672.5531 1101/01/~~2003~~2004 600872345 N/A 12/01/2012 N 10,~~911~~893,~~261~~323.6707 10,~~903~~885,~~337~~294.5972 1001/01/~~2003~~2004 850201163 N/A 06/01/2013 N 10,~~800~~774,~~193~~979.8746 10,~~788~~763,~~355~~033.9271 1101/01/~~2003~~2004 600872308 N/A 03/01/2013 N 10,~~520~~497,~~869~~580.2401 10,~~510~~486,~~023~~627.0351 1101/01/~~2003~~2004 850201148 N/A 06/01/2010 N 10,300,000.00 10,300,000.00 1101/01/~~2003~~2004 310901179 N/A 07/01/2013 N 9,~~297~~278,~~420~~335.0537 9,~~288~~269,~~614~~438.7586 1101/01/~~2003~~2004 600872309 N/A 03/01/2013 N 9,~~136~~117,~~209~~385.8367 9,~~127~~108,~~533~~618.8122 1101/01/~~2003~~2004 600872310 N/A 03/01/2013 N 9,~~090~~073,~~792~~275.1625 9,~~082~~065,~~804~~198.7610 1101/01/~~2003~~2004 700200916 N/A 10/01/2012 N 9,~~049~~032,~~177~~018.3211 9,~~041~~024,~~393~~142.1981 1101/01/~~2003~~2004 600872311 N/A 05/01/2015 N 98,~~021~~989,~~509~~236.1739 98,~~006~~973,~~174~~732.7673 1101/01/~~2003~~2004 600872312 N/A 05/05/2013 N 8,~~937~~911,~~655~~987.3959 8,~~925~~899,~~580~~783.9821 1001/05/~~2003~~2004 700201133 N/A 07/01/2013 N 8,900,000.00 8,900,000.00 1101/01/~~2003~~2004 700201053 N/A 02/01/2013 N 8,~~827~~810,~~799~~039.2225 8,~~819~~801,~~648~~800.8028 1101/01/~~2003~~2004 850201157 N/A 06/01/2013 N 8,608,400.00 8,608,400.00 1101/01/~~2003~~2004 850201111 N/A 05/01/2013 N 8,~~459~~443,~~813~~187.4732 8,~~452~~435,~~200~~491.8862 1101/01/~~2003~~2004 850201156 N/A 06/01/2013 N 8,423,850.00 8,423,850.00 1101/01/~~2003~~2004 850201154 N/A 06/01/2010 N 8,015,000.00 8,015,000.00 1101/01/~~2003~~2004 310901064 N/A 04/01/2013 N 7,800,000.00 7,800,000.00 1101/01/~~2003~~2004 310901101 N/A 04/01/2013 N 7,~~735~~720,~~224~~007.4262 7,~~728~~712,~~259~~966.2808 1101/01/~~2003~~2004 850201137 N/A 05/01/2013 N 7,~~465~~451,~~415~~092.5300 7,~~458~~444,~~883~~486.1768 1101/01/~~2003~~2004 600872313 N/A 04/01/2013 N 7,~~454~~438,~~233~~693.8588 7,~~447~~431,~~056~~441.1375 1101/01/~~2003~~2004 850201115 N/A 04/01/2013 N 7,~~341~~321,~~436~~504.0033 7,~~332~~312,~~131~~092.6773 1101/01/~~2003~~2004 310900825 N/A 04/01/2013 N 6,~~910~~880,~~568~~161.2964 6,~~895~~865,~~969~~407.1853 1101/01/~~2003~~2004 610901155 N/A 07/01/2010 N 6,~~822~~769,~~372~~795.0056 6,~~796~~743,~~583~~792.8581 1101/01/~~2003~~2004 600872314 N/A 12/01/2012 N 6,~~501~~481,~~873~~890.2522 6,~~492~~472,~~416~~335.1050 1101/01/~~2003~~2004 310901007 N/A 04/01/2013 N 6,~~439~~418,~~285~~687.3563 6,~~429~~408,~~479~~788.3415 1101/01/~~2003~~2004 850201189 N/A 08/01/2013 N 6,~~159~~144,~~802~~435.8680 6,~~152~~137,~~701~~247.7461 1101/01/~~2003~~2004 850201112 N/A 04/01/2018 N 6,~~066~~021,~~743~~511.2746 65,~~044~~999,~~632~~190.5925 1101/01/~~2003~~2004 850201114 N/A 04/01/2013 N 6,~~020~~007,~~505~~108.5455 6,~~014~~000,~~259~~802.7015 1101/01/~~2003~~2004 310900793 N/A 05/01/2013 N 5,~~867~~854,~~891~~631.8736 5,~~861~~848,~~755~~428.8621 1101/01/~~2003~~2004 600872315 N/A 06/05/2013 N 5,~~772~~759,~~904~~190.8778 5,~~766~~752,~~452~~680.2250 1001/05/~~2003~~2004 610901174 N/A 07/01/2013 N 5,500,000.00 5,500,000.00 1101/01/~~2003~~2004 700201113 N/A 06/08/2013 N 5,~~477~~466,~~443~~008.1585 5,~~472~~460,~~156~~668.5308 1012/08/2003 600872316 N/A 06/01/2013 N 5,~~464~~447,~~879~~093.4751 5,~~456~~438,~~390~~526.8391 1101/01/~~2003~~2004 600872317 N/A 04/01/2013 N 5,~~471~~461,~~235~~446.6379 5,~~466~~456,~~828~~986.4079 1101/01/~~2003~~2004 600872318 N/A 05/01/2013 N 5,~~461~~445,~~230~~279.7394 5,~~453~~437,~~711~~681.8668 1101/01/~~2003~~2004 850201055 N/A 02/01/2013 N 5,~~452~~440,~~015~~167.3622 5,~~446~~434,~~514~~611.5203 1101/01/~~2003~~2004 310901140 N/A 06/01/2013 N 5,~~428~~417,~~360~~386.1165 5,~~423~~412,~~311~~284.2439 1101/01/~~2003~~2004 310900905 N/A 05/01/2023 N 5,~~396~~374,~~311~~230.08 5,~~385~~363,~~780~~577.7145 1101/01/~~2003~~2004 600872319 N/A 03/01/2013 N 5,400,000.00 5,400,000.00 1101/01/~~2003~~2004 310901062 N/A 02/01/2010 N 4,~~957~~947,~~697~~267.1287 4,~~952~~942,~~877~~398.9256 1101/01/~~2003~~2004 310901130 N/A 06/01/2013 N 4,900,000.00 4,900,000.00 1101/01/~~2003~~2004 700201088 N/A 04/01/2013 N 4,~~870~~860,~~355~~288.4631 4,~~865~~855,~~711~~595.5383 1101/01/~~2003~~2004 850201133 N/A 05/01/2013 N 4,~~852~~833,~~846~~434.1925 4,~~843~~824,~~610~~088.8247 1101/01/~~2003~~2004 850201142 N/A 06/01/2013 N 4,850,000.00 4,850,000.00 1101/01/~~2003~~2004 310901131 N/A 06/01/2013 N 4,750,000.00 4,750,000.00 1101/01/~~2003~~2004 850201164 N/A 06/01/2018 N 4,~~730~~720,~~519~~644.0800 4,~~725~~716,~~953~~031.3651 1101/01/~~2003~~2004 600872321 N/A 04/01/2023 N 4,~~571~~552,~~895~~130.5399 4,~~562~~542,~~421~~554.9831 1101/01/~~2003~~2004 600872347 N/A 03/01/2013 N 4,~~570~~561,~~167~~341.0660 4,~~566~~557,~~141~~270.3373 1001/01/~~2003~~2004 310901102 N/A 05/01/2013 N 4,~~476~~466,~~619~~983.6345 4,~~472~~462,~~146~~465.0725 1101/01/~~2003~~2004 850201161 N/A 06/01/2018 N 4,~~436~~404,~~920~~933.8649 4,~~421~~389,~~308~~167.7008 1101/01/~~2003~~2004 850201121 N/A 05/01/2013 N 4,~~430~~422,~~333~~174.9909 4,~~426~~418,~~638~~436.7802 1112/01/2003 310901063 N/A 04/01/2010 N 4,300,000.00 4,300,000.00 1101/01/~~2003~~2004 310901112 N/A 06/01/2013 N 4,~~283~~274,~~110~~545.8645 4,~~279~~270,~~176~~569.5812 1101/01/~~2003~~2004 600872322 N/A 05/01/2013 N 1,~~690~~685,~~193~~219.5585 1,~~687~~682,~~846~~847.0897 1101/01/~~2003~~2004 600872323 N/A 05/01/2013 N 2,~~492~~484,~~060~~682.0498 2,~~488~~481,~~577~~163.0780 1101/01/~~2003~~2004 850201172 N/A 07/01/2013 N 4,~~171~~151,~~321~~785.8603 4,~~161~~142,~~878~~253.26 11 01/01/~~2003~~2004 600872324 N/A 06/05/2013 N 4,~~180~~170,~~379~~448.3544 4,~~175~~165,~~706~~734.7309 1001/05/~~2003~~2004 600872325 N/A 04/03/2013 N 4,~~174~~166,~~808~~252.57 4,~~170~~162,~~866~~269.8631 1101/03/~~2003~~2004 310901034 N/A 04/01/2010 N 4,~~111~~097,~~108~~915.3100 4,~~104~~091,~~825~~572.1721 1101/01/~~2003~~2004 850201167 N/A 06/01/2013 N 4,000,000.00 4,000,000.00 1101/01/~~2003~~2004 850201138 N/A 05/01/2013 N 3,~~979~~971,~~623~~218.1129 3,~~975~~967,~~731~~287.9150 1101/01/~~2003~~2004 850201124 N/A 05/01/2013 N 3,~~979~~970,~~035~~398.5401 3,~~975~~966,~~020~~343.8257 1101/01/~~2003~~2004 850201153 N/A 06/01/2013 N 3,~~863~~845,~~803~~467.8560 3,~~854~~836,~~934~~515.0064 1101/01/~~2003~~2004 600872326 N/A 04/01/2013 N 3,~~868~~858,~~703~~055.8933 3,~~863~~853,~~723~~018.9480 1101/01/~~2003~~2004 310901059 N/A 03/01/2008 N 3,~~811~~799,~~163~~738.4247 3,~~805~~794,~~765~~284.4845 1101/01/~~2003~~2004 600872327 N/A 05/01/2023 N 3,~~758~~742,~~966~~153.8910 3,~~750~~733,~~878~~981.4671 1101/01/~~2003~~2004 850201140 N/A 05/01/2013 N 3,765,000.00 3,765,000.00 1101/01/~~2003~~2004 850201143 N/A 06/01/2013 N 3,650,000.00 3,650,000.00 1101/01/~~2003~~2004 600872328 N/A 06/01/2013 N 3,~~549~~539,~~684~~378.2434 3,~~544~~534,~~827~~470.9575 1101/01/~~2003~~2004 700201159 N/A 08/08/2013 N 3,~~493~~486,~~146~~226.2832 3,~~489~~483,~~969~~016.8902 1012/08/2003 410901098 N/A 05/01/2013 N 3,~~458~~441,~~534~~605.9431 3,~~450~~433,~~327~~324.4088 1101/01/~~2003~~2004 410901077 N/A 04/01/2013 N 3,~~429~~422,~~794~~929.6266 3,~~426~~419,~~643~~744.6065 1101/01/~~2003~~2004 410900192 N/A 01/01/2008 N 3,~~331~~321,~~268~~470.7382 3,~~326~~316,~~654~~806.1041 1101/01/~~2003~~2004 410901145 N/A 07/01/2008 N 3,~~285~~275,~~524~~592.1204 3,~~280~~270,~~819~~840.8472 1101/01/~~2003~~2004 410901068 N/A 04/01/2018 N 3,~~234~~212,~~796~~594.4261 3,~~224~~201,~~009~~686.3514 1101/01/~~2003~~2004 410901117 N/A 05/01/2013 N 3,~~227~~217,~~289~~942.3132 3,~~222~~213,~~887~~493.8391 1101/01/~~2003~~2004 410901045 N/A 03/01/2013 N 3,~~219~~210,~~621~~658.3382 3,~~215~~206,~~425~~415.3748 1001/01/~~2003~~2004 600872329 N/A 04/01/2013 N 3,~~181~~174,~~054~~618.14 3,~~178~~171,~~095~~627.0041 1101/01/~~2003~~2004 410901118 N/A 04/01/2013 N 3,~~171~~162,~~703~~093.78 3,~~167~~157,~~156~~499.0874 1101/01/~~2003~~2004 410901079 N/A 04/01/2013 N 3,~~140~~130,~~505~~831.6856 3,~~135~~126,~~919~~199.0310 1101/01/~~2003~~2004 410901147 N/A 06/01/2013 N 3,~~086~~080,~~760~~052.6456 3,~~083~~076,~~641~~902.1540 1101/01/~~2003~~2004 850201125 N/A 05/01/2013 N 2,~~984~~977,~~276~~798.6449 2,~~981~~974,~~265~~757.6066 1101/01/~~2003~~2004 600872348 N/A 04/01/2013 N 2,~~982~~976,~~658~~765.6159 2,~~979~~974,~~959~~036.3281 1001/01/~~2003~~2004 600872330 N/A 04/01/2013 N 2,~~981~~975,~~732~~529.8095 2,~~978~~972,~~868~~636.6909 1101/01/~~2003~~2004 410901073 N/A 04/01/2008 N 2,~~975~~967,~~633~~344.2834 2,~~971~~963,~~750~~418.7830 1101/01/~~2003~~2004 410901049 N/A 03/01/2013 N 2,~~952~~939,~~975~~191.2663 2,~~946~~932,~~324~~475.2635 1101/01/~~2003~~2004 600872331 N/A 06/01/2013 N 2,~~833~~824,~~307~~843.8365 2,~~829~~820,~~305~~800.8679 1101/01/~~2003~~2004 410901075 N/A 04/01/2013 N 2,~~783~~777,~~060~~307.2661 2,~~780~~774,~~406~~626.5919 1101/01/~~2003~~2004 600872332 N/A 05/01/2023 N 2,~~720~~707,~~151~~923.4212 2,~~714~~701,~~266~~977.1997 1101/01/~~2003~~2004 310900948 N/A 12/01/2012 N 2,~~661~~654,~~973~~226.5949 2,~~658~~650,~~330~~543.9885 1101/01/~~2003~~2004 600872333 N/A 03/01/2013 N 2,~~630~~624,~~596~~882.6000 2,~~627~~622,~~942~~201.1907 1101/01/~~2003~~2004 410901107 N/A 05/01/2018 N 2,~~604~~586,~~946~~521.7882 2,~~595~~577,~~970~~451.2350 1101/01/~~2003~~2004 410901056 N/A 03/01/2013 N 2,~~573~~566,~~862~~172.2506 2,~~570~~562,~~230~~502.2922 1101/01/~~2003~~2004 410901116 N/A 06/01/2013 N 2,~~560~~553,~~421~~024.1190 2,~~556~~549,~~938~~504.0584 1101/01/~~2003~~2004 600872334 N/A 04/01/2018 N 2,~~543~~524,~~389~~171.7890 2,~~533~~514,~~802~~496.8185 1101/01/~~2003~~2004 410901100 N/A 05/01/2013 N 2,~~487~~481,~~208~~933.3816 2,~~484~~479,~~764~~464.5961 1101/01/~~2003~~2004 410901094 N/A 04/01/2013 N 2,~~478~~471,~~626~~362.1945 2,~~475~~467,~~202~~902.2624 1101/01/~~2003~~2004 410901065 N/A 03/01/2018 N 2,~~441~~423,~~125~~851.5610 2,~~432~~415,~~716~~351.5232 1101/01/~~2003~~2004 410901043 N/A 03/01/2013 N 2,~~434~~429,~~466~~867.5534 2,~~432~~427,~~376~~753.4330 1101/01/~~2003~~2004 410901060 N/A 03/01/2013 N 2,~~425~~418,~~370~~123.1967 2,~~421~~414,~~947~~665.7755 1101/01/~~2003~~2004 600872335 N/A 05/01/2013 N 2,~~387~~382,~~934~~955.4719 2,~~385~~380,~~633~~630.5455 1101/01/~~2003~~2004 850201068 N/A 03/01/2013 N 2,~~311~~304,~~646~~774.6030 2,~~308~~301,~~402~~496.8350 1101/01/~~2003~~2004 600872336 N/A 11/01/2012 N 2,~~303~~295,~~756~~135.6808 2,~~299~~291,~~698~~020.2099 1101/01/~~2003~~2004 600872337 N/A 06/01/2020 N 2,~~283~~275,~~492~~110.6629 2,~~279~~270,~~312~~886.2955 1101/01/~~2003~~2004 410901070 N/A 04/01/2018 N 2,~~252~~236,~~345~~147.3138 2,~~244~~228,~~447~~168.5646 1101/01/~~2003~~2004 600872338 N/A 04/01/2013 N 2,~~236~~231,~~270~~608.1718 2,~~234~~229,~~116~~432.8554 1101/01/~~2003~~2004 700201120 N/A 06/01/2013 N 2,~~186~~180,~~874~~220.4561 2,~~183~~177,~~721~~036.8146 1101/01/~~2003~~2004 850201117 N/A 04/01/2018 N 2,~~188~~184,~~727~~889.0869 2,~~187~~183,~~005~~147.9760 1101/01/~~2003~~2004 410901061 N/A 04/01/2013 N 2,~~181~~174,~~031~~585.2691 2,~~177~~171,~~990~~512.0579 1101/01/~~2003~~2004 410901106 N/A 06/01/2018 N 2,~~170~~154,~~140~~985.4916 2,~~162~~147,~~760~~527.7968 1101/01/~~2003~~2004 310900845 N/A 09/01/2012 N 2,~~114~~108,~~332~~704.9566 2,~~111~~106,~~721~~060.3280 1101/01/~~2003~~2004 410901057 N/A 04/01/2008 N 2,~~106~~100,~~522~~245.6733 2,~~103~~097,~~557~~249.8165 1101/01/~~2003~~2004 410901111 N/A 05/01/2013 N 1,~~990~~986,~~787~~972.9752 1,~~989~~985,~~048~~213.2232 1101/01/~~2003~~2004 850201122 N/A 05/01/2013 N 1,~~990~~986,~~426~~467.4163 1,~~988~~984,~~610~~631.3394 1112/01/2003 620901150 N/A 06/01/2013 N 1,~~988~~982,~~167~~168.3519 1,~~985~~979,~~327~~299.5976 1101/01/~~2003~~2004 410900983 N/A 04/01/2013 N 1,~~914~~910,~~493~~920.4511 1,~~912~~909,~~872~~280.2826 1101/01/~~2003~~2004 410901146 N/A 06/01/2008 N 1,~~888~~882,~~664~~917.3080 1,~~885~~880,~~941~~167.5685 1101/01/~~2003~~2004 850201141 N/A 05/01/2013 N 1,885,000.00 1,885,000.00 1101/01/~~2003~~2004 600872339 N/A 06/03/2023 N 1,~~869~~861,~~592~~768.5711 1,~~865~~857,~~851~~984.0076 1101/03/~~2003~~2004 410901050 N/A 03/01/2013 N 1,~~821~~812,~~001~~501.3846 1,~~816~~808,~~899~~359.9275 1101/01/~~2003~~2004 410901095 N/A 04/01/2013 N 1,~~759~~754,~~565~~322.9956 1,~~757~~751,~~089~~820.4629 1001/01/~~2003~~2004 600872340 N/A 12/01/2012 N 1,~~725~~720,~~475~~478.4592 1,~~723~~718,~~127~~105.5912 1101/01/~~2003~~2004 410901055 N/A 03/01/2018 N 1,~~707~~695,~~474~~016.0760 1,~~701~~688,~~396~~877.26 11 01/01/~~2003~~2004 410901090 N/A 04/01/2013 N 1,~~690~~686,~~151~~805.7215 1,~~688~~685,~~618~~255.2900 1101/01/~~2003~~2004 410901099 N/A 05/01/2013 N 1,~~591~~588,~~902~~562.9023 1,~~590~~587,~~357~~001.7122 1101/01/~~2003~~2004 410901058 N/A 04/01/2008 N 1,~~561~~556,~~305~~652.0544 1,~~559~~554,~~107~~432.5712 1101/01/~~2003~~2004 410901120 N/A 06/01/2013 N 1,~~561~~556,~~019~~464.9381 1,~~558~~554,~~872~~294.1850 1101/01/~~2003~~2004 410901123 N/A 06/01/2013 N 1,~~486~~480,~~926~~295.7486 1,~~483~~477,~~736~~073.5917 1101/01/~~2003~~2004 410901072 N/A 04/01/2013 N 1,~~486~~482,~~846~~379.9821 1,~~484~~480,~~734~~245.7424 1101/01/~~2003~~2004 410901081 N/A 04/01/2013 N 1,~~469~~458,~~086~~576.2956 1,~~463~~453,~~963~~401.9501 1112/01/2003 850201149 N/A 06/01/2013 N 1,450,000.00 1,450,000.00 1101/01/~~2003~~2004 410901093 N/A 05/01/2013 N 1,~~435~~429,~~791~~946.7595 1,~~433~~427,~~005~~128.8852 1101/01/~~2003~~2004 600872341 N/A 04/01/2013 N 1,~~431~~425,~~522~~239.0112 1,~~428~~422,~~506~~191.1310 1101/01/~~2003~~2004 410901083 N/A 04/01/2013 N 1,~~412~~406,~~487~~526.3156 1,~~409~~403,~~636~~644.9714 1001/01/~~2003~~2004 850201160 N/A 06/01/2013 N 1,400,000.00 1,400,000.00 1101/01/~~2003~~2004 410901134 N/A 06/01/2013 N 1,~~314~~308,~~309~~879.7145 1,~~311~~306,~~716~~256.3967 1101/01/~~2003~~2004 410901128 N/A 05/01/2013 N 1,~~291~~288,~~595~~125.2031 1,~~289~~286,~~976~~488.9633 1101/01/~~2003~~2004 410901113 N/A 04/01/2013 N 1,~~272~~263,~~800~~558.5375 1,~~268~~259,~~291~~004.3109 1101/01/~~2003~~2004 410901104 N/A 05/01/2013 N 1,~~263~~260,~~533~~854.0988 1,~~262~~259,~~305~~613.9645 1101/01/~~2003~~2004 410901163 N/A 06/01/2018 N 1,~~233~~225,~~623~~303.59 1,~~229~~221,~~583~~217.0859 1101/01/~~2003~~2004 410901110 N/A 06/01/2013 N 1,~~193~~190,~~713~~521.7204 1,~~192~~189,~~225~~015.0516 1101/01/~~2003~~2004 600872342 N/A 05/01/2013 N 1,~~194~~192,~~573~~323.0554 1,~~193~~191,~~550~~289.4027 1101/01/~~2003~~2004 410901089 N/A 04/01/2013 N 1,~~190~~186,~~084~~712.3337 1,~~188~~185,~~501~~112.4810 1101/01/~~2003~~2004 410901066 N/A 03/01/2023 N 1,~~183~~178,~~707~~903.3105 1,~~181~~176,~~420~~588.1554 1101/01/~~2003~~2004 410901076 N/A 04/01/2013 N 1,~~173~~170,~~253~~960.3329 1,~~172~~169,~~204~~900.8625 1101/01/~~2003~~2004 410901020 N/A 05/01/2013 N 1,~~122~~119,~~785~~805.5556 1,~~121~~118,~~398~~401.0983 1101/01/~~2003~~2004 600872343 N/A 06/05/2018 N 1,~~094~~091,~~131~~148.1538 1,~~092~~089,~~643~~644.8375 1001/05/~~2003~~2004 410901069 N/A 03/01/2013 N 1,~~089~~086,~~185~~001.9155 1,~~087~~084,~~685~~485.8848 1101/01/~~2003~~2004 410901105 N/A 05/01/2018 N 1,~~081~~073,~~025~~270.5691 1,~~077~~069,~~243~~450.6358 1101/01/~~2003~~2004 310900936 N/A 12/01/2012 N 1,~~034~~031,~~991~~934.4305 1,~~033~~030,~~551~~478.2531 1101/01/~~2003~~2004 410901051 N/A 03/01/2013 N 1,~~008~~004,~~933~~223.2585 1,~~006~~001,~~660~~929.8313 1101/01/~~2003~~2004 410901092 N/A 05/01/2013 N ~~995~~994,~~762~~001.5502 ~~994~~993,~~970~~199.7166 1101/01/~~2003~~2004 850201120 N/A 05/01/2013 N ~~995~~993,~~580~~746.6697 ~~994~~992,~~750~~906.2795 1101/01/~~2003~~2004 410901129 N/A 05/01/2013 N ~~992~~989,~~602~~564.6883 ~~991~~988,~~162~~110.8864 1101/01/~~2003~~2004 410901048 N/A 03/01/2013 N ~~993~~991,~~616~~726.4284 ~~992~~990,~~756~~857.7236 1101/01/~~2003~~2004 410901088 N/A 04/01/2013 N ~~987~~983,~~973~~878.4005 ~~986~~981,~~018~~900.6173 1101/01/~~2003~~2004 410901135 N/A 06/01/2013 N ~~922~~919,~~785~~118.9984 ~~921~~917,~~041~~353.8081 1101/01/~~2003~~2004 410901087 N/A 04/01/2013 N ~~691~~688,~~744~~931.3267 ~~690~~687,~~404~~575.4899 1101/01/~~2003~~2004 Totals 1,~~192~~189,~~320~~736,~~450~~599.8930 1,~~191~~188,~~092~~496,~~820~~241.0164 Appraisal Appraisal Res Mod Reduction Reduction Strat. Code Date Amount (2) (3) Totals 0.00 (1) Property Type Code MF- Multi-Family RT- Retail HC- Health Care IN- Industrial WH- Warehouse MH- Mobile Home Park OF- Office MU- Mixed Use LO- Lodging SS- Self Storage OT- Other (2) Resolution Strategy Code 1- Modification 2- Foreclosure 3- Bankruptcy 4- Extension 5- Note Sale 6- DPO 7- REO 8- Resolved 9- Pending Return to Master Servicer 10- Deed In Lieu of Foreclosure 11- Full Payoff 12- Reps and Warranties 13- Other or TBD (3) Modification Code 1- Maturity Date Extension 2- Amortization Change 3- Principal Write-Off 4- Combination

Principal Prepayment Detail No Principal Prepayments this Period

Historical Detail Delinquencies Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure REO Modifications Date # Balance # Balance # Balance # Balance # Balance # Balance 01/13/2004 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 12/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 11/13/2003 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 09/15/2003 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00

Prepayments Distribution Curtailments Payoff Date # Amount # Amount 01/13/2004 0 $0.00 0 $0.00 12/15/2003 0 $0.00 0 $0.00 11/13/2003 0 $0.00 0 $0.00 10/14/2003 0 $0.00 0 $0.00 09/15/2003 0 $0.00 0 $0.00

Rate and Maturities Distribution Next Weighted Avg. WAM Date Coupon Remit 01/13/2004 5.490669% 5.436280% 111 12/15/2003 5.490928% 5.436538% 112 11/13/2003 5.491218% 5.436827% 113 10/14/2003 5.491472% 5.437081% 114 09/15/2003 5.491757% 5.437366% 115 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

Delinquency Loan Detail Loan Offering # Of Current Outstanding Status Of Number Document Months Paid Through P&I P&I Mortgage Cross-Reference Delinq. Date Advances Advances Loan ~~600872344~~850201121 1495 0 1012/01/2003 102,775.03 102,775.03 B 310901026 29 0 10/01/2003 89,221.46 89,221.46 A 600872345 33 0 10/01/2003 70,124.34 70,124.34 A 600872312 42 0 10/05/2003 57,097.85 57,097.85 A 600872315 74 0 10/05/2003 30,562.55 30,562.55 A 600872347 92 0 10/01/2003 26,~~890~~776.5237 26,~~890~~776.5237 AB ~~600872324~~850201122 ~~101~~158 0 1012/~~05/2003 22,131.50 22,131.50 A 410901045 121 0 10/~~01/2003 2111,~~080~~585.1893 2111,~~080~~585.1893 AB ~~600872348~~410901081 ~~127~~175 0 1012/01/2003 1712,~~287~~372.8141 1712,~~287~~372.8141 AB ~~410901095 165 166 0 10/01/2003 10,961.55 10,961.55 A 410901083 179 0 10/01/2003 10,269.82 10,269.82 A 600872343 192 0 10/05/2003 7,441.22 7,441.22 A~~ Totals 123 ~~465~~50,~~843~~734.8371 ~~465~~50,~~843~~734.8371 Delinquency Loan Detail Loan Actual Outstanding Number Principal Servicing Balance Advances ~~600872344~~850201121 ~~16,837,169.86 0.00 310901026 12,520,963.85 0.00 600872345 10,911,261.67 0.00 600872312 8,937,655.39 0.00 600872315 5,772,904.87 0.00 600872347~~ 4,~~570~~422,~~167~~174.0608 0.00 ~~600872324~~850201122 ~~4,180,379.35 0.00 410901045 3,219,621.33 0.00 600872348 2,982,658.61 0.00 410901095~~ 1,~~759~~986,~~566~~467.0063 0.00 ~~410901083~~410901081 1,~~412~~458,~~487~~576.3157 0.00 ~~600872343 1,094,131.15 0.00~~ Totals 747,~~198~~867,~~966~~218.4528 0.00 Current Outstanding Actual Outstanding P&I P&I Principal Servicing Totals By Delinquency Code: Advances Advances Balance Advances Totals for Status Code = ~~A (11 Loans) 363,068.80 363,068.80 57,361,796.59 0.00 Totals for Status Code =~~ B (13 Loans) ~~102~~50,~~775~~734.0371 ~~102~~50,~~775~~734.0371 167,~~837~~867,~~169~~218.8628 0.00 (1) Status of Mortgage Loan A- Payment Not Received 0- Current 4- Assumed Scheduled Payment But Still in Grace Period 1- One Month Delinquent (Performing Matured Balloon) B- Late Payment But Less 2- Two Months Delinquent 7- Forclosure Than 1 Month Delinquent 3- Three or More Months Delinquent 9- Reo (2) Resolution Strategy Code 1- Modifications 6- DPO 10- Deed in Lieu of 2- Foreclosure 7- REO Foreclosure 3- Bankruptcy 8- Resolved 11- Full Payoff 4- Extension 9- Pending Return 12- Reps and Warranties 5- Note sale to Master Servicer 13- Other or TBD Specially Serviced Loan Detail - Part 1 No Specially Serviced Loans this Period Specially Serviced Loan Detail - Part 2 No Specially Serviced Loans this Period Modified Loan Detail No Modified Loans

Liquidated Loan Detail No Liquidated Loans this Period

Filing Compare · MORGAN STANLEY DEAN WITTER CAPITAL I INC TRUST 2003-TOP 11