8-K 1 bsc04pr4_oct.txt OCTOBER 8-K UNITED STATES 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: October 12, 2004 (Date of earliest event reported) Commission File No.: 333-86366-07 Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2004-PWR4 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2155104 54-2155105 54-2155106 54-6621648 54-6621649 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On October 12, 2004, a distribution was made to holders of Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2004-PWR4. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2004-PWR4, relating to the October 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 2004-PWR4 (Registrant) By: Wells Fargo Bank N.A. as Certificate Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: October 12, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2004-PWR4, relating to the October 12, 2004 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2004-PWR4 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: October 12, 2004 Record Date: September 30, 2004 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 - 13 Principal Prepayment Detail 14 Historical Detail 15 Delinquency Loan Detail 16 Specially Serviced Loan Detail 17 - 18 Modified Loan Detail 19 Liquidated Loan Detail 20 Defeased Loan Detail 21 Depositor Bear Stearns Commercial Mortgage Securities Inc. 383 Madison Avenue New York, NY 10179 Contact: General Information Number Phone Number: (212) 272-2000 Master Servicer Wells Fargo Bank, N.A. 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 ARCap Servicing, Inc. 5605 N. MacArthur Blvd. Irving, TX 75038 Contact: Chris Crouch Phone Number: (972) 580-1688 Ext 333 This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, 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, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 2004, Wells Fargo Bank, N.A.

Certificate Distribution Detail Class CUSIP Pass-Through Original Beginning Principal Interest Rate Balance Balance Distribution Distribution A1 07383FE87 4.361000% 107,000,000.00 ~~106~~104,~~251~~922,~~226~~352.4352 ~~662~~758,~~794~~749.0326 ~~386~~381,~~134~~305.6732 A2 07383FE95 5.286000% 106,000,000.00 106,000,000.00 0.00 466,930.00 A3 07383FF78 5.468000% 630,914,000.00 630,914,000.00 0.00 2,874,864.79 B 07383FF29 5.~~652532~~492653% 19,098,000.00 19,098,000.00 0.00 8987,~~960~~415.7557 C 07383FF37 5.~~652532~~492653% 8,356,000.00 8,356,000.00 0.00 3938,~~360~~247.7717 D 07383FF45 5.~~652532~~492653% 14,324,000.00 14,324,000.00 0.00 6765,~~472~~563.9296 E 07383FF52 5.~~652532~~492653% 9,549,000.00 9,549,000.00 0.00 4443,~~980~~707.3878 F 07383FF86 5.~~652532~~492653% 9,549,000.00 9,549,000.00 0.00 4443,~~980~~707.3878 G 07383FF94 5.~~652532~~492653% 8,356,000.00 8,356,000.00 0.00 3938,~~360~~247.7717 H 07383FG28 5.~~652532~~492653% 10,743,000.00 10,743,000.00 0.00 5049,~~604~~172.6997 J 07383FG36 5.~~650000~~492653% 3,581,000.00 3,581,000.00 0.00 16,~~860~~390.5499 K 07383FG44 5.~~650000~~492653% 4,774,000.00 4,774,000.00 0.00 2221,~~477~~851.5860 L 07383FG51 5.~~650000~~492653% 4,775,000.00 4,775,000.00 0.00 2221,~~482~~856.2918 M 07383FG69 5.~~650000~~492653% 2,387,000.00 2,387,000.00 0.00 1110,~~238~~925.7980 N 07383FG77 5.~~650000~~492653% 2,388,000.00 2,388,000.00 0.00 1110,~~243~~930.5038 P 07383FG85 5.~~650000~~492653% 2,387,000.00 2,387,000.00 0.00 1110,~~238~~925.7980 Q 07383FG93 5.~~650000~~492653% 10,743,323.39 10,743,323.39 0.00 5049,~~583~~174.1545 R-I N/A 0.000000% 0.00 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 0.00 R-III N/A 0.000000% 0.00 0.00 0.00 0.00 V N/A 0.000000% 0.00 0.00 0.00 0.00 Totals 954,924,323.39 ~~954~~952,~~175~~846,~~549~~675.8291 ~~662~~758,~~794~~749.0326 4,~~250~~231,~~774~~217.7671

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A1 07383FE87 0.00 0.00 1,~~048~~140,~~928~~054.7058 ~~105~~104,~~588~~163,~~432~~603.4026 11.6466% A2 07383FE95 0.00 0.00 466,930.00 106,000,000.00 11.6466% A3 07383FF78 0.00 0.00 2,874,864.79 630,914,000.00 11.6466% B 07383FF29 0.00 0.00 8987,~~960~~415.7557 19,098,000.00 9.6465% C 07383FF37 0.00 0.00 3938,~~360~~247.7717 8,356,000.00 8.7678% D 07383FF45 0.00 0.00 6765,~~472~~563.9296 14,324,000.00 7.2627% E 07383FF52 0.00 0.00 4443,~~980~~707.3878 9,549,000.00 6.2627% F 07383FF86 0.00 0.00 4443,~~980~~707.3878 9,549,000.00 5.2627% G 07383FF94 0.00 0.00 3938,~~360~~247.7717 8,356,000.00 4.3839% H 07383FG28 0.00 0.00 5049,~~604~~172.6997 10,743,000.00 3.2526% J 07383FG36 0.00 0.00 16,~~860~~390.5499 3,581,000.00 2.88% K 07383FG44 0.00 0.00 2221,~~477~~851.5860 4,774,000.00 2.38% L 07383FG51 0.00 0.00 2221,~~482~~856.2918 4,775,000.00 1.88% M 07383FG69 0.00 0.00 1110,~~238~~925.7980 2,387,000.00 1.63% N 07383FG77 0.00 0.00 1110,~~243~~930.5038 2,388,000.00 1.38% P 07383FG85 0.00 0.00 1110,~~238~~925.7980 2,387,000.00 1.13% Q 07383FG93 0.00 0.00 5049,~~583~~174.1545 10,743,323.39 0.00% R-I N/A 0.00 0.00 0.00 0.00 0.00% R-II N/A 0.00 0.00 0.00 0.00 0.00% R-III N/A 0.00 0.00 0.00 0.00 0.00% V N/A 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 4,~~913~~989,~~568~~966.7997 ~~953~~952,~~512~~087,~~755~~926.7965

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount X 07383FF60 0.~~306633~~163924% 954,924,323.39 ~~954~~952,~~175~~846,~~549~~675.8290 ~~243~~130,~~817~~162.9504

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount X 07383FF60 0.00 ~~243~~130,~~817~~162.9504 ~~953~~952,~~512~~087,~~755~~926.7965 (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 Class CUSIP Beginning Principal Interest Prepayment Realized Loss/ Ending Balance Distribution Distribution Penalties Additional Balance Trust Fund Expenses A1 07383FE87 ~~993~~980.~~00211617~~58273383 67.~~19433673~~09111458 3.~~60873523~~56360112 0.00000000 0.00000000 ~~986~~973.~~80777944~~49161925 A2 07383FE95 1,000.00000000 0.00000000 4.40500000 0.00000000 0.00000000 1,000.00000000 A3 07383FF78 1,000.00000000 0.00000000 4.55666666 0.00000000 0.00000000 1,000.00000000 B 07383FF29 1,000.00000000 0.00000000 4.~~71048015~~57721070 0.00000000 0.00000000 1,000.00000000 C 07383FF37 1,000.00000000 0.00000000 4.~~71047989~~57721039 0.00000000 0.00000000 1,000.00000000 D 07383FF45 1,000.00000000 0.00000000 4.~~71048031~~57721028 0.00000000 0.00000000 1,000.00000000 E 07383FF52 1,000.00000000 0.00000000 4.~~71048068~~57721018 0.00000000 0.00000000 1,000.00000000 F 07383FF86 1,000.00000000 0.00000000 4.~~71048068~~57721018 0.00000000 0.00000000 1,000.00000000 G 07383FF94 1,000.00000000 0.00000000 4.~~71047989~~57721039 0.00000000 0.00000000 1,000.00000000 H 07383FG28 1,000.00000000 0.00000000 4.~~71048031~~57721028 0.00000000 0.00000000 1,000.00000000 J 07383FG36 1,000.00000000 0.00000000 4.~~70833287~~57721028 0.00000000 0.00000000 1,000.00000000 K 07383FG44 1,000.00000000 0.00000000 4.~~70833264~~57720989 0.00000000 0.00000000 1,000.00000000 L 07383FG51 1,000.00000000 0.00000000 4.~~70833298~~57721047 0.00000000 0.00000000 1,000.00000000 M 07383FG69 1,000.00000000 0.00000000 4.~~70833264~~57720989 0.00000000 0.00000000 1,000.00000000 N 07383FG77 1,000.00000000 0.00000000 4.~~70833333~~57721106 0.00000000 0.00000000 1,000.00000000 P 07383FG85 1,000.00000000 0.00000000 4.~~70833264~~57720989 0.00000000 0.00000000 1,000.00000000 Q 07383FG93 1,000.00000000 0.00000000 4.~~70833355~~57721026 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 V N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000

Class CUSIP Beginning Interest Prepayment Ending Notional Distribution Penalties Notional Amount Amount X 07383FF60 ~~999~~997.~~21588177~~82428048 0.~~25532699~~13630613 0.00000000 ~~998~~997.~~52180161~~02971568

Reconciliation Detail Advance Summary P & I Advances Outstanding 1843,~~679,724~~918.9849 ~~Servicing~~Services Advances Outstanding 0.00 Reimbursement for Interest on Advances 0.00 paid from general collections

Master Servicing Fee Breakdowns Current Period Accrued Master Servicing Fees 3130,~~709~~753.8360 Less Delinquent Master Servicing Fees 94,~~421~~635.2196 Less Reductions to Master Servicing Fees 0.00 Plus Master Servicing Fees for Delinquent Payments Received 62,~~623~~904.8186 Plus Adjustments for Prior Master Servicing Calculation 0.00 Total Master Servicing Fees Collected 2829,~~912~~022.4350

Certificate Interest Reconciliation Class Accrued Net Aggregate Distributable Distributable Certificate Prepayment Certificate Certificate Interest Interest Interest Interest Shortfall Adjustment A1 ~~386~~381,~~134~~305.6732 0.00 ~~386~~381,~~134~~305.6732 0.00 A2 466,930.00 0.00 466,930.00 0.00 A3 2,874,864.79 0.00 2,874,864.79 0.00 X ~~243~~130,~~817~~162.9504 0.00 ~~243~~130,~~817~~162.9504 0.00 B 8987,~~960~~415.7557 0.00 8987,~~960~~415.7557 0.00 C 3938,~~360~~247.7717 0.00 3938,~~360~~247.7717 0.00 D 6765,~~472~~563.9296 0.00 6765,~~472~~563.9296 0.00 E 4443,~~980~~707.3878 0.00 4443,~~980~~707.3878 0.00 F 4443,~~980~~707.3878 0.00 4443,~~980~~707.3878 0.00 G 3938,~~360~~247.7717 0.00 3938,~~360~~247.7717 0.00 H 5049,~~604~~172.6997 0.00 5049,~~604~~172.6997 0.00 J 16,~~860~~390.5499 0.00 16,~~860~~390.5499 0.00 K 2221,~~477~~851.5860 0.00 2221,~~477~~851.5860 0.00 L 2221,~~482~~856.2918 0.00 2221,~~482~~856.2918 0.00 M 1110,~~238~~925.7980 0.00 1110,~~238~~925.7980 0.00 N 1110,~~243~~930.5038 0.00 1110,~~243~~930.5038 0.00 P 1110,~~238~~925.7980 0.00 1110,~~238~~925.7980 0.00 Q 5049,~~583~~174.1545 0.00 5049,~~583~~174.1545 0.00 Total 4,~~494~~361,~~592~~379.7175 0.00 4,~~494~~361,~~592~~379.7175 0.00

Class Additional Interest Remaining Trust Fund Distribution Unpaid Distributable Expenses Certificate Interest A1 0.00 ~~386~~381,~~134~~305.6732 0.00 A2 0.00 466,930.00 0.00 A3 0.00 2,874,864.79 0.00 X 0.00 ~~243~~130,~~817~~162.9504 0.00 B 0.00 8987,~~960~~415.7557 0.00 C 0.00 3938,~~360~~247.7717 0.00 D 0.00 6765,~~472~~563.9296 0.00 E 0.00 4443,~~980~~707.3878 0.00 F 0.00 4443,~~980~~707.3878 0.00 G 0.00 3938,~~360~~247.7717 0.00 H 0.00 5049,~~604~~172.6997 0.00 J 0.00 16,~~860~~390.5499 0.00 K 0.00 2221,~~477~~851.5860 0.00 L 0.00 2221,~~482~~856.2918 0.00 M 0.00 1110,~~238~~925.7980 0.00 N 0.00 1110,~~243~~930.5038 0.00 P 0.00 1110,~~238~~925.7980 0.00 Q 0.00 5049,~~583~~174.1545 0.00 Total 0.00 4,~~494~~361,~~592~~379.7175 0.00

Other Required Information Available Distribution Amount (1) 5,~~157~~120,~~386~~129.7401 Principal Distribution Amount ~~662~~758,~~794~~749.4625 (a) Principal portion of Scheduled Payments ~~662~~758,~~794~~749.4625 and any Assumed Scheduled Payments (b) Principal Prepayments/Adjustments 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 Excess Liquidation Proceeds Balance 0.00 Aggregate Number of Outstanding Mortgage Loans 79 Aggregate Unpaid Principal Balance of the Mortgage Loans ~~953~~952,~~656~~189,~~888~~155.6959 Aggregate Scheduled Principal Balance of the Mortgage Loans ~~953~~952,~~512~~087,~~755~~926.7965 Total Master Servicing and Special Servicing Fee Paid 2829,~~912~~022.4350 Master Servicing Fee Paid 2829,~~912~~022.4350 Special Servicing Fee Paid 0.00 Trustee Fee paid ~~719~~698.5875 Paying Agent Fee paid 1,~~488~~445.2215 Report Administrator Fee paid ~~230~~222.0950 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 (1) The Available Distribution Amount includes any Prepayment Premiums.

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 4,394,499.80 Interest reductions due to Nonrecoverability Determinations 0.00 Interest Adjustments 0.00 Deferred Interest 0.01 Net Prepayment Interest Shortfall 0.00 Net Prepayment Interest Excess 0.00 Extension Interest 0.00 Interest Reserve Withdrawal 0.00 Total Interest Collected 4,394,499.79 Principal: Scheduled Principal 758,749.25 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 0.01 Principal Adjustments 0.00 Total Principal Collected 758,749.25 Other: Prepayment Penalties/Yield Maintenance 0.00 Repayment Fees 0.00 Borrower Option Extension Fees 0.00 Equity Payments Received 0.00 Net Swap Counterparty Payments Received 0.00 Total Other Collected: 0.00 Total Funds Collected 5,153,249.04 Total Funds Distributed Fees: Master Servicing Fee 30,753.60 Trustee Fee 698.75 Certificate Administration Fee 1,445.15 Insurer Fee 0.00 Servicer Report Administrator Fee 222.50 Total Fees 33,120.00 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 4,361,379.75 Principal Distribution 758,749.26 Prepayment Penalties/Yield Maintenance 0.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 0.00 Total Payments to Certificateholders & Others 5,120,129.01 Total Funds Distributed 5,153,249.01

Current Mortgage Loan and Property Stratification Tables Scheduled Balance Scheduled # of Scheduled % of WAM WAC Weighted Balance Loans Balance Agg. (2) Avg DSCR (1) Bal. Below 1,999,999 12 19,~~070~~013,~~450~~188.2159 2.00 ~~116~~114 6.~~0166~~0165 1.~~507035~~512508 2,000,000 to 2,999,999 9 23,~~499~~439,~~619~~420.4963 2.46 ~~109~~107 5.~~7854~~7855 1.~~720948~~720929 3,000,000 to 4,999,999 16 64,~~669~~510,~~714~~609.3280 6.78 ~~111~~109 5.~~6351~~6352 1.~~568019~~573399 5,000,000 to 6,999,999 13 80,~~996~~791,~~441~~022.6236 8.49 ~~115~~119 5.~~7054~~7051 1.~~614153~~614448 7,000,000 to 8,999,999 6 49,~~239~~116,~~700~~452.2725 5.16 ~~116~~114 5.7511 1.~~409621~~409695 9,000,000 to 10,999,999 6 59,~~229~~131,~~105~~313.4795 6.21 ~~111~~109 5.7392 1.~~500571~~500704 11,000,000 to 12,999,999 1 12,750,000.0001 1.34 ~~110~~108 5.3450 2.120000 13,000,000 to 14,999,999 2 27,~~784~~718,~~393~~437.6914 2.91 ~~111~~109 6.~~0926~~0925 1.~~444249~~444263 15,000,000 to 16,999,999 0 0.00 0.00 0 0.0000 0.000000 17,000,000 to 18,999,999 2 34,~~367~~284,~~792~~781.0685 3.60 ~~117~~115 5.~~8059~~8060 1.~~344632~~344590 19,000,000 to 20,999,999 1 20,000,000.00 2.10 ~~115~~113 5.8400 1.780000 21,000,000 to 30,999,999 3 81,~~623~~474,~~340~~772.4169 8.56 9694 5.~~4677~~4679 1.~~619080~~619110 31,000,000 to 40,999,999 3 102,~~170~~018,~~794~~812.3926 10.72 ~~124~~122 5.8000 1.~~641727~~641920 41,000,000 to 84,999,999 3 ~~161~~160,~~148~~876,~~903~~615.8512 16.90 ~~138~~136 5.~~7459~~7460 1.~~446277~~297235 85,000,000 or Above 2 216,962,500.00 22.7579 ~~116~~114 4.8777 4.313056 Totals 79 ~~953~~952,~~512~~087,~~755~~926.7965 100.00 ~~118~~116 5.~~5345~~5342 2.~~178587~~154904

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alaska 1 5,~~477~~462,~~711~~364.9490 0.57 ~~117~~115 5.9500 1.700000 Arizona 2 14,~~519~~485,~~783~~375.6257 1.52 ~~115~~113 5.~~4836~~4835 1.~~467609~~467622 California 24 181,~~705~~325,~~217~~593.7937 19.0605 ~~110~~108 5.5415 1.~~634643~~637409 Colorado 2 7,~~382~~367,~~499~~996.2736 0.77 ~~118~~116 5.7414 1.~~576832~~576842 Connecticut 1 5,755,714.28 0.60 ~~113~~111 5.2468 3.200000 Florida 4 39,~~841~~751,~~455~~983.0922 4.18 96107 5.~~6041~~6040 1.~~683349~~683726 Georgia 2 6,~~082~~067,~~202~~964.4336 0.64 ~~117~~115 5.~~7363~~7362 1.~~518998~~519004 Hawaii 1 2,~~188~~182,~~377~~476.6884 0.23 ~~116~~114 6.2130 1.980000 Idaho 1 4,~~179~~170,~~206~~621.3527 0.44 ~~115~~113 5.6000 1.360000 Illinois 5 97,~~852~~750,~~732~~581.4793 10.2627 ~~115~~113 5.~~3436~~3435 2.~~272095~~272898 Indiana 1 1,~~493~~489,~~975~~825.7573 0.16 ~~105~~103 6.0000 1.610000 Massachusetts 5 102,~~635~~413,~~579~~953.5232 10.76 ~~120~~118 5.8073 1.~~563024~~563154 Michigan 2 23,~~650~~611,~~188~~123.9518 2.48 ~~114~~112 5.~~9340~~9335 1.~~625998~~626356 Minnesota 2 5,~~278~~266,~~416~~495.1998 0.55 ~~116~~114 5.~~6240~~6239 1.~~642453~~642451 Montana 1 8,~~227~~190,~~191~~271.7075 0.86 ~~126~~124 5.6500 1.160000 Nevada 5 20,~~417~~344,~~062~~294.1965 2.14 ~~149~~147 5.~~9397~~9392 1.~~346132~~346076 New Jersey 3 20,~~672~~627,~~164~~914.2286 2.17 ~~130~~128 5.7935 1.~~690300~~690314 New York 5 4645,~~070~~977,~~501~~618.7840 4.83 8886 5.~~4798~~4797 1.~~999519~~999994 North Carolina 1 9,~~224~~209,~~845~~534.2105 0.97 ~~118~~116 6.4800 1.280000 North Dakota 1 1,~~538~~534,~~862~~284.4716 0.16 ~~115~~113 5.6700 1.520000 Ohio 2 11,~~524~~501,~~667~~893.4421 1.21 8987 6.1229 1.~~480915~~480899 Pennsylvania 6 16,~~405~~385,~~093~~948.5734 1.72 ~~123~~121 5.~~4439~~4437 2.~~288078~~289065 Texas 9 191,~~563~~494,~~882~~663.5525 20.0911 ~~117~~115 5.~~0197~~0194 3.~~995823~~996742 Utah 3 28,~~120~~065,~~560~~495.8927 2.95 ~~117~~115 5.~~9136~~9135 1.~~319499~~319491 Virginia 1 5,~~956~~938,~~514~~644.1521 0.62 ~~115~~113 5.6200 1.420000 Washington 3 32,~~739~~731,~~081~~776.2448 3.4344 ~~114~~112 5.~~7158~~7156 1.~~992155~~992189 Washington,DC 1 59,~~949~~923,~~267~~517.0470 6.29 ~~176~~174 5.9970 10.~~370000~~970000 Wisconsin 1 3,060,000.00 0.32 ~~113~~111 5.2468 3.200000 Totals 95 ~~953~~952,~~512~~087,~~755~~926.7965 100.00 ~~118~~116 5.~~5345~~5342 2.~~178587~~154904

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. 1.199 or Less 12 868,~~227~~113,~~191~~789.7045 07.8615 ~~126~~168 5.~~6500~~9553 10.~~160000~~992846 1.200 to 1.249 2 5,~~909~~887,~~764~~130.9311 0.62 ~~130~~128 6.~~1535~~1531 1.~~222311~~222334 1.250 to 1.299 4 41,~~266~~189,~~966~~294.1803 4.33 ~~117~~115 5.9631 1.~~271965~~271966 1.300 to 1.349 3 36,~~779~~683,~~885~~167.4841 3.8685 ~~117~~115 5.~~2836~~2834 1.~~333019~~333032 1.350 to 1.399 87 9232,~~198~~172,~~728~~214.7022 93.6738 ~~155~~114 5.~~9102~~7489 1.~~365516~~357183 1.400 to 1.449 12 76,~~976~~760,~~151~~974.2029 8.0706 ~~124~~122 5.~~9247~~9246 1.~~410727~~410726 1.450 to 1.499 8 ~~148~~147,~~115~~756,~~772~~603.4360 15.5352 ~~119~~117 5.7860 1.~~476639~~476641 1.500 to 1.549 64 8984,~~623~~618,~~032~~060.8528 98.4089 ~~116~~114 5.~~5385~~4993 1.~~526875~~526925 1.550 to 1.599 45 1618,~~628~~279,~~745~~159.5136 1.7492 ~~116~~114 5.~~5973~~6548 1.~~572629~~571464 1.600 to 1.649 4 9,~~481~~458,~~302~~880.5137 0.99 ~~114~~112 5.~~7561~~7560 1.~~625224~~625227 1.650 to 1.699 45 2124,~~382~~464,~~570~~159.4241 2.2457 ~~111~~110 5.~~8413~~8911 1.~~675185~~671961 1.700 to 1.749 7 52,~~731~~651,~~120~~529.2747 5.53 ~~103~~101 5.~~5767~~5770 1.~~727498~~727514 1.750 to 1.799 1 20,000,000.00 2.10 ~~115~~113 5.8400 1.780000 1.800 or Greater 15 334,~~191~~052,~~523~~964.6267 35.0509 109 5.~~1353~~1351 3.~~485738~~486411 Totals 79 ~~953~~952,~~512~~087,~~755~~926.7965 100.00 ~~118~~116 5.~~5345~~5342 2.~~178587~~154904

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 12 52,~~164~~026,~~905~~082.2296 5.4746 ~~114~~112 6.~~0566~~0567 1.~~460013~~468618 Lodging 1 28,~~216~~131,~~099~~440.3619 2.9695 5856 5.5100 1.800000 Mixed Use 2 3,~~976~~965,~~806~~585.1183 0.42 ~~111~~109 5.9563 1.616243 Mobile Home Park 2 2,~~977~~966,~~300~~865.5848 0.31 ~~116~~114 5.~~6466~~6464 1.~~357916~~357892 Multi-Family 12 7170,~~124~~972,~~577~~966.4847 7.4645 ~~116~~114 5.6605 1.~~430492~~430472 Office 30 456,~~845~~390,~~185~~814.5412 47.9194 ~~126~~124 5.~~3918~~3914 2.~~812460~~761317 Retail 31 318,~~681~~170,~~735~~342.6188 33.42 115 5.~~6426~~6425 1.~~631801~~632008 Self Storage 5 19,~~526~~463,~~145~~828.8770 2.0504 7472 5.~~1871~~1873 1.~~703476~~703460 Totals 95 ~~953~~952,~~512~~087,~~755~~926.7965 100.00 ~~118~~116 5.~~5345~~5342 2.~~178587~~154904

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 4.9999% or Less 3 139,~~303~~278,~~024~~037.7712 14.6163 ~~115~~113 4.6483 4.~~857950~~858505 5.0000% to 5.2499% 5 126,~~875~~775,~~199~~521.7321 13.3132 ~~111~~109 5.2188 2.~~632212~~633105 5.2500% to 5.4999% 11 113,~~452~~274,~~901~~813.5531 11.90 ~~112~~115 5.3461 1.~~661044~~661258 5.5000% to 5.7499% 19 186,~~970~~555,~~517~~391.4213 19.6159 ~~107~~105 5.~~6358~~6359 1.~~561094~~561244 5.7500% to 5.9999% 23 308,~~651~~147,~~674~~880.7985 32.37 ~~130~~128 5.8846 1.~~528428~~450709 6.0000% to 6.2499% 11 52,~~836~~708,~~979~~757.6197 5.54 ~~109~~107 6.1288 1.~~494891~~503390 6.2500% to 6.4999% 3 13,~~661~~634,~~241~~164.3629 1.43 ~~117~~115 6.4585 1.~~408340~~408255 6.5000% to 6.7499% 3 5,~~502~~483,~~749~~278.5277 0.58 ~~133~~131 6.~~6125~~6126 1.~~361277~~361468 6.7500% or Above 1 6,~~258~~230,~~467~~082.0400 0.6665 ~~222~~220 6.8000 1.410000 Totals 79 ~~953~~952,~~512~~087,~~755~~926.7965 100.00 ~~118~~116 5.~~5345~~5342 2.~~178587~~154904

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 Months or Less 7675 ~~937~~919,~~131~~716,~~158~~633.9626 9896.2860 ~~118~~116 5.~~5283~~5166 2.~~183250~~176089 13 to 24 Months 24 1032,~~231~~371,~~596~~293.8339 13.0740 ~~180~~129 6.~~2719~~0343 1.~~534262~~552996 25 to 36 Months 0 0.00 0.00 0 0.0000 0.000000 37 Months or Greater 10 ~~6,150,000~~0.00 0.6400 ~~(2)~~0 50.~~2500~~0000 20.~~540000~~000000 Totals 79 ~~953~~952,~~512~~087,~~755~~926.7965 100.00 ~~118~~116 5.~~5345~~5342 2.~~178587~~154904

Anticipated Remaining Term (ARD and Balloon Loans) Anticipated # of Scheduled % of WAM WAC Weighted Remaining Term (2) Loans Balance Agg. (2) Avg DSCR (1) Bal. 60 Months or Less 4 42,~~195~~064,~~274~~100.1409 4.4342 5856 5.~~3120~~3121 1.~~779743~~779747 61 to 84 Months 23 1117,~~329~~458,~~556~~914.6826 1.1983 8280 65.~~0713~~7820 1.~~558665~~904337 85 to 120 Months 6566 772,~~396~~972,~~275~~232.3843 81.0119 ~~115~~113 5.~~4769~~4784 2.~~326531~~326308 121 Months or Greater 54 ~~113~~111,~~668~~858,~~451~~155.5825 11.9275 ~~160~~158 5.~~8869~~8805 1.~~418930~~204969 Totals 77 ~~945~~944,~~739~~353,~~557~~402.7803 99.1819 ~~117~~116 5.~~5245~~5242 2.~~185240~~161340

Remaining Stated Term (Fully Amortizing Loans) Remaining Stated # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 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 2 7,~~773~~734,~~198~~524.0162 0.8281 ~~212~~210 6.~~7552~~7553 1.~~369078~~369153 Totals 2 7,~~773~~734,~~198~~524.0162 0.8281 ~~212~~210 6.~~7552~~7553 1.~~369078~~369153

Remaining Amortization Term (ARD and Balloon Loans) Remaining Amortization # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. Interest Only 1 6,150,000.00 0.6465 ~~(2)~~79 5.2500 2.540000 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 76 ~~939~~938,~~589~~203,~~557~~402.7803 98.54 ~~118~~116 5.~~5263~~5260 2.~~182918~~158857 Totals 77 ~~945~~944,~~739~~353,~~557~~402.7803 99.1819 ~~117~~116 5.~~5245~~5242 2.~~185240~~161340

Age of Most Recent NOI Age of Most # of Scheduled % of WAM WAC Weighted Recent NOI Loans Balance Agg. (2) Avg DSCR (1) Bal. Underwriter's Information 7976 ~~953~~887,~~512~~341,~~755~~438.7974 ~~100~~93.0020 ~~118~~112 5.~~5345~~4992 2.~~178587~~237838 1 Year or Less 03 064,746,487.0091 06.0080 0170 06.~~0000~~0141 01.~~000000~~018309 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 79 ~~953~~952,~~512~~087,~~755~~926.7965 100.00 ~~118~~116 5.~~5345~~5342 2.~~178587~~154904 (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 the related mortgage loan as disclosed in the offering document.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type (1) City State Payment Payment Coupon 6105363 1 OF Houston TX 510,255.00 0.00 4.640% 510901617 2 OF Various Various ~~384~~371,~~035~~647.8863 0.00 5.247% 850201449 3 OF Washington DC ~~309~~299,~~647~~533.4182 1213,~~470~~214.8311 5.997% 6105359 4 OF Cambridge MA ~~289~~279,~~859~~755.4066 7787,~~479~~583.7650 5.820% 850500012 5 RT Chicago IL ~~198~~191,~~451~~724.0997 3644,~~632~~265.8226 5.301% 850201451 6 OF Various Various ~~189~~183,~~792~~284.0809 3946,~~659~~167.8382 5.820% 850500002 7 RT Ventura CA ~~161~~155,~~481~~984.1868 3035,~~155~~652.5404 5.705% 850201445 8 RT Dallas TX ~~159~~154,~~359~~218.3875 0.00 5.875% 850500015 9 RT Temecula CA ~~129~~125,~~573~~135.0557 2934,~~669~~106.1159 5.200% 6105472 10 LO New York NY ~~134~~129,~~066~~374.8290 3944,~~888~~580.9991 5.510% 850201429 11 RT Lacey WA ~~120~~117,~~992~~089.5758 0.00 5.735% 310901448 12 OF Cambridge MA ~~100~~97,~~577~~333.7833 0.00 5.840% 6105498 13 MF Provo UT 8885,~~996~~980.3659 1417,~~503~~519.5431 5.980% 6105297 14 OF West Palm Beach FL 8380,~~015~~112.8365 2326,~~946~~849.7088 5.630% 6105092 15 IN Pontiac MI 7573,~~979~~339.1772 1820,~~164~~804.5904 6.210% 850201203 16 OF La Jolla CA 6967,~~948~~570.3904 1214,~~224~~603.7914 5.970% 850201239 17 RT Cameron Park CA 5856,~~683~~790.6563 0.00 5.345% 610901490 18 RT Glendora CA 5048,~~440~~718.7727 1012,~~553~~275.0656 5.410% 6105335 19 RT Payson AZ 4846,~~487~~830.3630 1011,~~342~~999.3541 5.380% 6105290 20 MF San Antonio TX 4846,~~140~~499.6048 911,~~393~~034.4860 5.620% 310901452 21 RT Northville Township MI 4443,~~966~~516.5300 0.00 5.520% 6105236 22 RT Westerville OH 4947,~~387~~717.6237 79,~~514~~184.6994 6.140% 6105329 23 RT Charlotte NC 5149,~~512~~777.41 68,~~769~~504.19 6.480% 6104884 24 OF Murray UT 4442,~~351~~843.8534 89,~~112~~621.5506 5.740% 850201207 25 RT Pembroke Pines FL 4342,~~572~~066.0737 1011,~~237~~742.2595 5.855% 6105291 26 OF Billings MT 4038,~~113~~652.6268 1719,~~686~~147.4842 5.650% 6105288 27 MF Kissimmee FL 3836,~~078~~779.2448 78,~~596~~894.1692 5.550% 6105286 28 OF Lafayette CA 3938,~~372~~032.7541 78,~~313~~653.0842 5.750% 6105410 29 IN Buffalo Grove IL 3837,~~646~~336.0430 67,~~325~~634.1084 5.970% 6105312 30 RT San Antonio TX 3433,~~440~~238.5550 910,~~512~~714.3439 5.730% 6105446 31 MF Las Vegas NV 3231,~~199~~100.1345 67,~~565~~664.5826 5.470% 310901544 32 SS Pasadena CA 2827,~~856~~839.1517 1011,~~232~~249.9290 5.040% 310901326 33 IN Carson CA 3332,~~704~~527.9214 910,~~182~~360.2907 5.900% 310901342 34 RT Gibbstown NJ 3231,~~816~~704.1996 56,~~198~~310.8609 6.060% 310901015 35 RT Sparks NV 35,~~544~~384.3945 14,~~072~~232.6862 6.800% 6105313 36 RT Jacksonville FL 2726,~~803~~906.1325 0.00 5.250% 6105165 37 MF Houston TX 3130,~~408~~314.5368 89,~~005~~099.8065 6.030% 850500033 38 RT Hastings on Hudson NY 27,~~967~~065.1700 0.00 5.413% 6105296 39 RT Springfield VA 2827,~~866~~856.9277 89,~~409~~419.5469 5.620% 310901344 40 IN Vernon CA 2827,~~781~~731.0551 1213,~~899~~949.9044 5.620% 310901533 41 RT Bakersfield CA 2625,~~742~~828.6631 56,~~815~~729.3671 5.320% 310901467 42 OF Anchorage AK 2827,~~102~~124.3861 78,~~166~~144.2805 5.950% 6105283 43 RT Pismo Beach CA 23,~~942~~128.5127 45,~~360~~175.7701 5.750% 310901419 44 SS Los Angeles CA 1817,~~471~~816.2080 78,~~350~~004.1353 4.770% 610901441 45 RT Elk Grove CA 2221,~~775~~982.3479 56,~~762~~554.0560 6.010% 6104977 46 RT Las Vegas NV 2120,~~181~~409.6951 910,~~434~~206.3250 5.640% 850201273 47 RT North Attleboro MA 2019,~~193~~502.4253 45,~~357~~048.4130 5.425% 850500005 48 MF Brooklyn NY 20,~~896~~185.0869 34,~~747~~457.5594 5.800% 6105340 49 MF Rexburg ID 2019,~~172~~484.0649 34,~~939~~626.2683 5.600% 6105300 50 IN Santa Fe Springs CA 2120,~~148~~430.1851 34,~~573~~290.3198 5.940% 6105158 51 RT Sun City AZ 2019,~~150~~446.2604 56,~~643~~347.1033 5.750% 310901469 52 RT Denver CO 2019,~~198~~512.2686 34,~~450~~135.4787 5.870% 410901464 53 RT Eden Prairie MN 1918,~~126~~474.0710 34,~~761~~413.4845 5.570% 6104877 54 MF Placentia CA 1817,~~032~~990.0590 4,~~529~~570.1631 5.440% 600873301 55 SS Concord CA 1817,~~144~~511.5847 45,~~975~~608.0819 5.750% 6105386 56 MF Jonesboro GA 15,~~929~~383.9097 34,~~727~~272.0497 5.150% 410901487 57 RT Parker CO 1615,~~333~~777.5209 3,~~163~~720.7316 5.590% 620901445 58 IN Van Nuys CA 16,~~869~~299.5449 23,~~484~~054.6065 6.230% 410901440 59 RT Torrance CA 14,~~790~~289.9214 2,~~484~~986.3412 5.940% 850201455 60 MF Philadelphia PA 1312,~~067~~619.0266 23,~~946~~394.8925 5.250% 410901518 61 SS Bakersfield CA 11,~~901~~480.1420 45,~~581~~002.3832 4.840% 6104800 62 RT Bellevue WA 1514,~~478~~942.2747 3,~~375~~910.0888 6.470% 6105346 63 MF Hackettstown NJ 11,~~979~~568.20 23,~~901~~312.27 5.070% 410901504 64 IN Norcross GA 1413,~~146~~658.6081 23,~~858~~346.7756 6.580% 410901402 65 MU Chicago IL 12,~~695~~252.1890 3,~~305~~747.5583 5.930% 410901405 66 RT Columbus OH 11,~~430~~033.4227 23,~~811~~208.5368 6.050% 850201453 67 RT Honolulu HI 11,~~722~~316.6606 23,~~739~~146.7939 6.213% 410901444 68 IN Irving TX 9,~~892~~556.4424 12,~~779~~115.0222 5.750% 410901473 69 MH Carson City NV 98,~~193~~871.4836 23,~~781~~103.2335 5.500% 6105125 70 SS Ogden UT 9,~~975~~629.6307 2,~~417~~764.5309 6.130% 620901446 71 IN Van Nuys CA 98,~~068~~754.6716 2,~~114~~428.2172 6.220% 6105273 72 IN Deer Park TX 98,~~054~~740.0515 2,~~068~~381.0090 6.320% 410901450 73 MF Fargo ND 7,~~524~~260.0091 2,~~152~~415.3645 5.670% 6105214 74 OF Torrance CA 8,~~597~~265.6882 45,~~964~~296.2006 6.570% 410901524 75 OF San Jose CA 7,~~496~~241.8690 1,~~373~~628.5854 5.720% 410901493 76 MU Indianapolis IN 7,~~728~~460.8815 12,~~935~~204.6437 6.000% 6105199 77 IN Irving TX 8,~~641~~347.1145 1,~~329~~623.7642 6.710% 410901516 78 IN Burnsville MN 6,~~463~~237.2788 1,~~746~~971.5796 5.790% 410901472 79 MH Boulder City NV 5,~~307~~114.3168 2,~~166~~359.8447 5.920% Totals 4,~~528~~394,~~737~~499.4980 ~~662~~758,~~794~~749.4625

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 6105363 N/A 06/01/2014 N 131,962,500.00 131,962,500.00 0710/01/2004 510901617 N/A 01/08/2014 N 85,000,000.00 85,000,000.00 0709/08/2004 850201449 04/01/2019 05/01/2034 N 59,~~961~~936,~~737~~731.8781 59,~~949~~923,~~267~~517.0470 0810/01/2004 6105359 04/01/2014 06/01/2029 N 57,~~836~~681,~~926~~578.5370 57,~~759~~593,~~446~~995.7619 0810/01/2004 850500012 N/A 04/01/2014 N 43,~~476~~403,~~822~~367.8749 43,~~440~~359,~~190~~102.0523 0810/01/2004 850201451 N/A 04/01/2016 N 37,~~870~~790,~~052~~533.0462 37,~~830~~744,~~392~~365.2180 0810/01/2004 850500002 N/A 03/01/2014 N 32,~~870~~810,~~557~~098.7250 32,~~840~~774,~~402~~446.1846 0710/01/2004 850201445 N/A 03/01/2014 N 31,500,000.00 31,500,000.00 0810/01/2004 850500015 05/01/2014 06/01/2034 N 28,~~936~~877,~~910~~439.1609 28,~~907~~843,~~241~~332.0550 0710/01/2004 6105472 N/A 06/01/2009 N 28,~~255~~176,~~988~~021.3611 28,~~216~~131,~~099~~440.3619 0709/01/2004 850201429 N/A 03/01/2014 N 24,500,000.00 24,500,000.00 0810/01/2004 310901448 N/A 03/01/2014 N 20,000,000.00 20,000,000.00 0810/01/2004 6105498 N/A 06/01/2014 N 17,~~282~~253,~~711~~630.7701 17,~~268~~236,~~208~~110.2370 0810/01/2004 6105297 04/01/2014 05/01/2029 N 17,~~123~~075,~~530~~521.5303 17,~~099~~048,~~583~~671.8315 0810/01/2004 6105092 01/01/2014 02/01/2029 N 14,~~208~~171,~~353~~927.5422 14,~~190~~151,~~188~~123.9518 0709/01/2004 850201203 N/A 08/01/2013 N 13,~~606~~581,~~429~~917.5310 13,~~594~~567,~~204~~313.7496 0810/01/2004 850201239 N/A 10/01/2013 NY 12,750,000.00 12,750,000.0001 0810/01/2004 610901490 N/A 05/01/2014 N 10,~~827~~806,~~426~~271.5830 10,~~816~~793,~~873~~995.5274 0810/01/2004 6105335 04/01/2014 05/01/2034 N 10,~~466~~445,~~151~~419.9634 10,~~455~~433,~~809~~419.6193 0710/01/2004 6105290 N/A 02/01/2014 N 9,~~947~~928,~~546~~714.7837 9,~~938~~917,~~153~~679.3076 0810/01/2004 310901452 N/A 04/01/2014 N 9,460,000.00 9,460,000.00 0810/01/2004 6105236 N/A 06/01/2011 N 9,~~340~~325,~~938~~869.5241 9,~~333~~316,~~423~~684.8346 0810/01/2004 6105329 N/A 06/01/2014 N 9,~~231~~218,~~614~~038.4025 9,~~224~~209,~~845~~534.2105 0809/01/2004 6104884 N/A 04/01/2014 N 8,~~973~~956,~~061~~796.8565 8,~~964~~947,~~949~~175.3059 0810/01/2004 850201207 N/A 09/01/2013 N 8,~~642~~621,~~156~~630.6756 8,~~631~~609,~~919~~887.4261 0810/01/2004 6105291 N/A 02/01/2015 N 8,~~244~~209,~~878~~419.17 8,~~227~~190,~~191~~271.7075 0810/01/2004 6105288 N/A 03/01/2014 N 7,~~967~~952,~~548~~319.0038 7,~~959~~943,~~951~~424.8446 0810/01/2004 6105286 N/A 01/01/2014 N 7,~~951~~937,~~860~~198.4609 7,~~944~~928,~~547~~544.3867 0810/01/2004 6105410 N/A 06/01/2014 N 7,~~517~~504,~~465~~783.7402 7,~~511~~497,~~140~~148.6317 0810/01/2004 6105312 N/A 05/01/2014 N 6,~~980~~960,~~013~~941.4482 6,~~970~~950,~~501~~227.1043 0810/01/2004 6105446 N/A 05/01/2014 N 6,~~835~~822,~~930~~768.9486 6,~~829~~815,~~365~~104.3660 0810/01/2004 310901544 N/A 06/01/2009 N 6,~~648~~628,~~882~~372.9368 6,~~638~~617,~~650~~122.0178 0810/01/2004 310901326 N/A 10/01/2013 N 6,~~634~~615,~~101~~689.0279 6,~~624~~605,~~918~~329.7372 0810/01/2004 310901342 N/A 05/01/2014 N 6,~~288~~278,~~633~~209.9914 6,~~283~~271,~~435~~899.1305 0810/01/2004 310901015 N/A 02/01/2023 N 6,~~272~~244,~~539~~314.7262 6,~~258~~230,~~467~~082.0400 0810/01/2004 6105313 0605/01/~~2004~~2011 05/01/~~2011~~2034 N 6,150,000.00 6,150,000.00 0809/01/2004 6105165 N/A 01/01/2014 N 6,~~048~~032,~~826~~772.1092 6,~~040~~023,~~820~~673.2928 0809/01/2004 850500033 N/A 06/01/2019 N 6,000,000.00 6,000,000.00 0710/01/2004 6105296 N/A 03/01/2014 N 5,~~964~~948,~~923~~063.6990 5,~~956~~938,~~514~~644.1521 0810/01/2004 310901344 N/A 03/01/2014 N 5,~~947~~921,~~180~~317.2097 5,~~934~~907,~~280~~368.3053 0810/01/2004 310901533 N/A 05/01/2014 N 5,~~837~~825,~~592~~935.9357 5,~~831~~819,~~777~~205.5786 0709/01/2004 310901467 N/A 05/01/2014 N 5,~~484~~470,~~878~~508.2295 5,~~477~~462,~~711~~364.9490 0810/01/2004 6105283 N/A 04/01/2014 N 4,~~835~~826,~~513~~770.5541 4,~~831~~821,~~152~~595.7841 0810/01/2004 310901419 N/A 04/01/2009 N 4,~~496~~482,~~943~~213.4600 4,~~489~~474,~~593~~208.3347 0810/01/2004 610901441 N/A 03/01/2014 N 4,~~400~~389,~~796~~242.0109 4,~~395~~382,~~033~~687.9649 0810/01/2004 6104977 03/01/2014 04/01/2024 N 4,~~361~~342,~~363~~449.5307 4,~~351~~332,~~929~~242.2157 0810/01/2004 850201273 N/A 11/01/2013 N 4,~~322~~313,~~658~~923.6244 4,~~318~~308,~~301~~875.2114 0810/01/2004 850500005 N/A 03/01/2014 N 4,~~183~~176,~~864~~350.2745 4,~~180~~171,~~116~~892.7251 0710/01/2004 6105340 N/A 03/01/2014 N 4,~~183~~175,~~145~~248.6210 4,~~179~~170,~~206~~621.3527 0810/01/2004 6105300 N/A 03/01/2014 N 4,~~134~~127,~~541~~376.3444 4,~~130~~123,~~968~~085.0346 0810/01/2004 6105158 N/A 02/01/2014 N 4,~~069~~058,~~617~~302.1196 4,~~063~~051,~~974~~955.0164 0810/01/2004 310901469 N/A 06/01/2014 N 3,~~995~~988,~~917~~999.9455 3,~~992~~984,~~467~~863.4768 0810/01/2004 410901464 N/A 04/01/2014 N 3,~~987~~980,~~598~~057.18 3,~~983~~975,~~836~~643.7073 0810/01/2004 6104877 N/A 02/01/2014 N 3,~~977~~968,~~658~~580.9713 3,~~973~~964,~~129~~009.7982 0810/01/2004 600873301 N/A 05/01/2014 N 3,~~664~~654,~~542~~568.8101 3,~~659~~648,~~567~~959.7382 0709/01/2004 6105386 N/A 05/01/2014 N 3,~~592~~584,~~085~~614.2867 3,~~588~~580,~~358~~341.2470 0809/01/2004 410901487 N/A 05/01/2014 N 3,~~393~~386,~~195~~852.5384 3,~~390~~383,~~031~~132.8068 0810/01/2004 620901445 N/A 05/01/2014 N 3,~~144~~139,~~531~~549.6007 3,~~142~~136,~~047~~494.0042 0810/01/2004 410901440 N/A 04/01/2014 N 2,~~891~~886,~~676~~694.1678 2,~~889~~883,~~191~~708.8266 0810/01/2004 850201455 N/A 04/01/2014 N 2,~~890~~884,~~401~~494.3323 2,~~887~~881,~~454~~099.4498 0810/01/2004 410901518 N/A 05/01/2009 N 2,~~855~~846,~~512~~330.8297 2,~~850~~841,~~931~~328.4465 0810/01/2004 6104800 N/A 01/01/2014 N 2,~~778~~771,~~170~~401.6063 2,~~774~~767,~~795~~490.5276 0810/01/2004 6105346 N/A 05/01/2014 N 2,~~743~~738,~~851~~036.7150 2,~~740~~734,~~950~~724.4423 0810/01/2004 410901504 N/A 06/01/2014 N 2,~~496~~490,~~702~~969.9622 2,~~493~~487,~~844~~622.1966 0810/01/2004 410901402 N/A 03/01/2014 N 2,~~486~~479,~~135~~507.9193 2,~~482~~475,~~830~~760.3610 0810/01/2004 410901405 N/A 05/01/2014 N 2,~~194~~188,~~055~~417.1443 2,~~191~~185,~~243~~208.6175 0810/01/2004 850201453 N/A 04/01/2014 N 2,~~191~~185,~~117~~623.4723 2,~~188~~182,~~377~~476.6884 0810/01/2004 410901444 N/A 06/01/2011 N 1,~~997~~994,~~911~~345.8702 1,~~996~~992,~~132~~229.8580 0810/01/2004 410901473 N/A 04/01/2014 N 1,~~941~~935,~~145~~569.3673 1,~~938~~932,~~364~~466.1338 0810/01/2004 6105125 N/A 03/01/2014 N 1,~~889~~884,~~820~~973.8907 1,~~887~~882,~~403~~208.3698 0810/01/2004 620901446 N/A 04/01/2014 N 1,~~693~~688,~~144~~904.2651 1,~~691~~686,~~030~~475.0579 0810/01/2004 6105273 09/01/2014 03/01/2029 N 1,~~663~~659,~~668~~521.6339 1,~~661~~657,~~600~~139.6448 0810/01/2004 410901450 N/A 03/01/2014 N 1,~~541~~536,~~014~~699.8361 1,~~538~~534,~~862~~284.4716 0810/01/2004 6105214 N/A 01/01/2019 N 1,~~519~~509,~~695~~738.1768 1,~~514~~504,~~730~~442.9762 0810/01/2004 410901524 N/A 05/01/2014 N 1,~~522~~519,~~033~~279.2835 1,~~520~~517,~~659~~650.7081 0709/01/2004 410901493 N/A 05/01/2013 N 1,~~495~~492,~~911~~030.3910 1,~~493~~489,~~975~~825.7573 0810/01/2004 6105199 04/01/2014 11/01/2031 N 1,~~495~~492,~~504~~836.1391 1,~~494~~491,~~174~~213.3649 0810/01/2004 410901516 N/A 05/01/2014 N 1,~~296~~292,~~326~~824.0621 1,~~294~~290,~~579~~852.4925 0810/01/2004 410901472 N/A 03/01/2014 N 1,~~041~~036,~~103~~758.2957 1,~~038~~034,~~936~~399.4510 0810/01/2004 Totals ~~954~~952,~~175~~846,~~550~~675.3190 ~~953~~952,~~512~~087,~~755~~926.7965

Principal Prepayment Detail No Principal Prepayments this Period

Historical Detail Delinquencies Distribution 30-59 Days 60-89 Days 90 Days or More Date # Balance # Balance # Balance 10/12/2004 0 $0.00 0 $0.00 0 $0.00 09/13/2004 0 $0.00 0 $0.00 0 $0.00 08/11/2004 0 $0.00 0 $0.00 0 $0.00 07/12/2004 0 $0.00 0 $0.00 0 $0.00

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 10/12/2004 0 $0.00 0 $0.00 0 $0.00 09/13/2004 0 $0.00 0 $0.00 0 $0.00 08/11/2004 0 $0.00 0 $0.00 0 $0.00 07/12/2004 0 $0.00 0 $0.00 0 $0.00

Prepayments Rate and Maturities Distribution Curtailments Payoff Next Weighted Avg. WAM Date # Amount # Amount Coupon Remit 10/12/2004 0 $0.00 0 $0.00 5.534214% 5.492508% 116 09/13/2004 0 $0.00 0 $0.00 5.534363% 5.492653% 117 08/11/2004 0 $0.00 0 $0.00 5.534495% 5.492780% 118 07/12/2004 0 $0.00 0 $0.00 5.534626% 5.492906% 119 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

Delinquency Loan Detail Offering # of Paid Through Current Outstanding Status of Loan Number Document Months Date P & I P & I Mortgage Cross- Delinq. Advances Advances ** Loan (1) Reference ~~6105363~~6105472 110 0 0709/01/2004 ~~506~~173,~~789~~239.1567 ~~506~~173,~~789~~239.1567 AB ~~850500002~~6105092 715 0 0709/01/2004 ~~190~~93,~~787~~783.56 ~~190~~93,~~787~~783.56 AB ~~850500015~~6105329 923 0 0709/01/2004 ~~158~~57,~~494~~663.6322 ~~158~~57,~~494~~663.6322 AB ~~6105472~~6105313 1036 0 0709/01/2004 ~~173~~26,~~213~~749.7094 ~~173~~26,~~213~~749.7094 AB ~~6105092~~6105165 1537 0 0709/01/2004 9339,~~770~~009.5963 9339,~~770~~009.5963 AB ~~6105335 19 0 07/01/2004 58,104.20 58,104.20 A 850500033 38 0 07/01/2004 27,812.17 27,812.17 A~~ 310901533 41 0 0709/01/2004 32,~~407~~412.2138 32,~~407~~412.2138 A ~~850500005~~600873301 4855 0 0709/01/2004 2422,~~535~~936.5593 2422,~~535~~936.5593 A ~~600873301~~6105386 5556 0 0709/01/2004 2219,~~930~~565.3383 2219,~~930~~565.3383 AB 410901524 75 0 0709/01/2004 8,~~673~~680.8553 8,~~673~~680.8553 A Totals 119 1474,~~297,518~~041.9569 1474,~~297,518~~041.9569

Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date ~~6105363~~6105472 ~~131~~28,~~962~~176,~~500~~021.0011 0.00 ~~850500002~~6105092 3214,~~870~~171,~~557~~927.7222 0.00 ~~850500015~~6105329 289,~~936~~218,~~910~~038.1625 0.00 ~~6105472~~6105313 286,~~255~~150,~~988~~000.~~36 0.~~00 ~~6105092 14,208,353.54~~ 0.00 ~~6105335~~6105165 ~~10,466,151.96 0.00 850500033~~ 6,~~000~~032,~~000~~772.0092 0.00 310901533 5,~~837~~825,~~592~~935.9357 0.00 ~~850500005~~600873301 43,~~183~~654,~~864~~568.2701 0.00 ~~600873301~~6105386 3,~~664~~584,~~542~~614.8167 0.00 410901524 1,~~522~~519,~~033~~279.2835 0.00 Totals ~~267~~78,~~908~~333,~~495~~157.0310 0.00

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = A (113 loans) 164,~~297~~029.84 64,~~518~~029.9584 110,~~297~~999,~~518~~782.9593 ~~267~~0.00 Total for Status Code = B (6 loans) 410,~~908~~011.85 410,~~495~~011.0385 67,333,374.17 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 Liquidated Loan Detail No Liquidated Loans this Period Defeased Loan Detail No Defeased Loans

Filing Compare · Bear Stearns Commercial Mortgage Securities Trust 2004-PWR4