8-K 1 mlt04kb1_dec.txt DECEMBER 8K 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: December 13, 2004 (Date of earliest event reported) Commission File No.: 333-108378-02 Merrill Lynch Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2004-MKB1 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2152471 54-2152472 54-6616720 54-6616721 54-6616722 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21044 (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 December 13, 2004, a distribution was made to holders of Merrill Lynch Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2004-MKB1. 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-MKB1, relating to the December 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. Merrill Lynch Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2004-MKB1 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: December 13, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2004-MKB1, relating to the December 13, 2004 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Merrill Lynch Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2004-MKB1 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: December 13, 2004 Record Date: November 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 - 16 Mortgage Loan Detail 17 - 19 Principal Prepayment Detail 20 Historical Detail 21 Delinquency Loan Detail 22 - 23 Specially Serviced Loan Detail 24 - 25 Modified Loan Detail 26 Liquidated Loan Detail 27 Depositor Merrill Lynch Mortgage Investors Inc. 4 World Financial Center, 16th Floor 250 Vesey Street New York, NY 10080 Contact: Robert Denicola Phone Number: (212) 449-1000 Master Servicer KeyCorp Real Estate Capital Markets, Inc. 911 Main Street, Suite 1500 Kansas City, MO 64105 Contact: Marty O'Conner Phone Number: (816) 221-8800 Special Servicer Clarion Partners, LLC 335 Madison Avenue, 7th Floor New York, NY 10017 Contact: Bruce G. Morrison Phone Number: (212) 883-2500 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 A-1 59022HCS9 3.563000% 52,161,616.00 5049,~~169~~127,~~113~~556.6478 ~~550~~555,~~271~~133.7528 ~~148~~145,~~960~~867.4690 A-2 59022HCT7 4.353000% 379,800,000.00 379,800,000.00 0.00 1,377,724.50 A-3 59022HCU4 4.892000% 65,000,000.00 65,000,000.00 0.00 264,983.33 A-4 59022HCV2 5.176000% 169,657,000.00 169,657,000.00 0.00 731,787.19 A-1A 59022HDB5 4.867000% 163,804,000.00 163,~~322~~070,~~667~~101.5459 ~~134~~135,~~536~~657.0682 ~~662~~661,~~409~~385.5215 B 59022HCW0 5.280000% 26,946,000.00 26,946,000.00 0.00 118,562.40 C 59022HCX8 5.320000% 11,023,000.00 11,023,000.00 0.00 48,868.63 D 59022HCY6 5.~~164273~~164066% 25,721,000.00 25,721,000.00 0.00 110,~~691~~687.9046 E 59022HCZ3 5.~~253273~~253066% 11,024,000.00 11,024,000.00 0.00 48,~~260~~258.0717 F 59022HDC3 5.~~334273~~334066% 13,473,000.00 13,473,000.00 0.00 59,~~890~~888.5623 G 59022HDD1 5.~~334273~~334066% 12,248,000.00 12,248,000.00 0.00 54,~~445~~443.1504 H 59022HDE9 5.~~334273~~334066% 11,023,000.00 11,023,000.00 0.00 48,~~999~~997.7584 J 59022HDF6 5.~~334273~~334066% 3,675,000.00 3,675,000.00 0.00 16,~~336~~335.2158 K 59022HDG4 5.~~334273~~334066% 4,899,000.00 4,899,000.00 0.00 21,~~777~~776.1733 L 59022HDH2 5.~~334273~~334066% 4,899,000.00 4,899,000.00 0.00 21,~~777~~776.1733 M 59022HDJ8 5.~~334273~~334066% 4,899,000.00 4,899,000.00 0.00 21,~~777~~776.1733 N 59022HDK5 5.~~334273~~334066% 2,450,000.00 2,450,000.00 0.00 10,890.8139 P 59022HDL3 5.~~334273~~334066% 3,674,000.00 3,674,000.00 0.00 16,331.7713 Q 59022HDM1 5.~~334273~~334066% 13,473,705.00 13,473,705.00 0.00 59,~~801~~748.3216 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 Z N/A 0.000000% 0.01 0.01 0.00 0.00 Totals 979,850,321.01 ~~977~~976,~~376~~082,~~486~~363.1938 ~~684~~690,~~807~~791.8110 3,~~844~~840,~~275~~088.0809

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 59022HCS9 0.00 0.00 ~~699~~701,~~232~~001.2118 4948,~~618~~572,~~841~~423.8950 15.3032% A-2 59022HCT7 0.00 0.00 1,377,724.50 379,800,000.00 15.3032% A-3 59022HCU4 0.00 0.00 264,983.33 65,000,000.00 15.3032% A-4 59022HCV2 0.00 0.00 731,787.19 169,657,000.00 15.3032% A-1A 59022HDB5 0.00 0.00 ~~796~~797,~~945~~042.5897 ~~163~~162,~~188~~934,~~131~~443.4877 15.3032% B 59022HCW0 0.00 0.00 118,562.40 26,946,000.00 12.5456% C 59022HCX8 0.00 0.00 48,868.63 11,023,000.00 11.4143% D 59022HCY6 0.00 0.00 110,~~691~~687.9046 25,721,000.00 8.7879% E 59022HCZ3 0.00 0.00 48,~~260~~258.0717 11,024,000.00 7.6566% F 59022HDC3 0.00 0.00 59,~~890~~888.5623 13,473,000.00 6.2728% G 59022HDD1 0.00 0.00 54,~~445~~443.1504 12,248,000.00 5.02% H 59022HDE9 0.00 0.00 48,~~999~~997.7584 11,023,000.00 3.89% J 59022HDF6 0.00 0.00 16,~~336~~335.2158 3,675,000.00 3.5152% K 59022HDG4 0.00 0.00 21,~~777~~776.1733 4,899,000.00 3.01% L 59022HDH2 0.00 0.00 21,~~777~~776.1733 4,899,000.00 2.51% M 59022HDJ8 0.00 0.00 21,~~777~~776.1733 4,899,000.00 2.01% N 59022HDK5 0.00 0.00 10,890.8139 2,450,000.00 1.76% P 59022HDL3 0.00 0.00 16,331.7713 3,674,000.00 1.38% Q 59022HDM1 0.00 0.00 59,~~801~~748.3216 13,473,705.00 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% Z N/A 0.00 0.00 0.00 0.01 0.00% Totals 0.00 0.00 4,~~529~~530,~~082~~879.8919 ~~976~~975,~~691~~391,~~678~~572.3828

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount XC 59022HDN9 0.~~029953~~034187% 979,850,321.00 ~~977~~976,~~376~~082,~~486~~363.1837 2427,~~396~~807.0045 XP 59022HDA7 0.~~599750~~595750% 952,193,000.00 ~~952~~948,~~193~~118,000.00 ~~475~~470,~~897~~701.7436

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount XC 59022HDN9 0.00 2427,~~396~~807.0045 ~~976~~975,~~691~~391,~~678~~572.3727 XP 59022HDA7 0.00 ~~475~~470,~~897~~701.7436 ~~952~~948,~~193~~118,000.00 (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 Class CUSIP Beginning Principal Interest Prepayment Realized Loss/ Ending Balance Distribution Distribution Penalties Additional Balance Trust Fund Expenses A-1 59022HCS9 ~~961~~941.~~80136827~~83348882 10.~~54936162~~64256291 2.~~85574856~~79646052 0.00000000 0.00000000 ~~951~~931.~~25200665~~19092591 A-2 59022HCT7 1,000.00000000 0.00000000 3.62750000 0.00000000 0.00000000 1,000.00000000 A-3 59022HCU4 1,000.00000000 0.00000000 4.07666662 0.00000000 0.00000000 1,000.00000000 A-4 59022HCV2 1,000.00000000 0.00000000 4.31333331 0.00000000 0.00000000 1,000.00000000 A-1A 59022HDB5 ~~997~~995.~~06153415~~51965514 0.~~82132341~~82817160 4.~~04391541~~03766178 0.00000000 0.00000000 ~~996~~994.~~24021074~~69148354 B 59022HCW0 1,000.00000000 0.00000000 4.40000000 0.00000000 0.00000000 1,000.00000000 C 59022HCX8 1,000.00000000 0.00000000 4.43333303 0.00000000 0.00000000 1,000.00000000 D 59022HCY6 1,000.00000000 0.00000000 4.~~30356129~~30338867 0.00000000 0.00000000 1,000.00000000 E 59022HCZ3 1,000.00000000 0.00000000 4.~~37772769~~37755533 0.00000000 0.00000000 1,000.00000000 F 59022HDC3 1,000.00000000 0.00000000 4.~~44522823~~44505530 0.00000000 0.00000000 1,000.00000000 G 59022HDD1 1,000.00000000 0.00000000 4.~~44522779~~44505552 0.00000000 0.00000000 1,000.00000000 H 59022HDE9 1,000.00000000 0.00000000 4.~~44522816~~44505489 0.00000000 0.00000000 1,000.00000000 J 59022HDF6 1,000.00000000 0.00000000 4.~~44522721~~44505578 0.00000000 0.00000000 1,000.00000000 K 59022HDG4 1,000.00000000 0.00000000 4.~~44522760~~44505613 0.00000000 0.00000000 1,000.00000000 L 59022HDH2 1,000.00000000 0.00000000 4.~~44522760~~44505613 0.00000000 0.00000000 1,000.00000000 M 59022HDJ8 1,000.00000000 0.00000000 4.~~44522760~~44505613 0.00000000 0.00000000 1,000.00000000 N 59022HDK5 1,000.00000000 0.00000000 4.~~44522857~~44505714 0.00000000 0.00000000 1,000.00000000 P 59022HDL3 1,000.00000000 0.00000000 4.~~44522863~~44505444 0.00000000 0.00000000 1,000.00000000 Q 59022HDM1 1,000.00000000 0.00000000 4.~~43837237~~43442691 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 Z N/A 1,000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1,000.00000000

Class CUSIP Beginning Interest Prepayment Ending Notional Distribution Penalties Notional Amount Amount XC 59022HDN9 ~~997~~996.~~47529315~~15455795 0.~~02489768~~02837928 0.00000000 ~~996~~995.~~77640292~~44956139 XP 59022HDA7 ~~1,000~~995.~~00000000~~72040542 0.~~49979126~~49433398 0.00000000 ~~1,000~~995.~~00000000~~72040542

Reconciliation Detail Advance Summary P & I Advances Outstanding 21,~~049~~257,~~588~~579.7760 Servicing Advances Outstanding ~~2,020~~200.00 Reimbursement for Interest on Advances 92143.3721 paid from general collections

Master Servicing Fee Summary Current Period Accrued Master Servicing Fees 39,~~802~~743.6700 Less Delinquent Master Servicing Fees 2217,~~013~~204.0939 Less Reductions to Master Servicing Fees 0.00 Plus Master Servicing Fees for Delinquent Payments Received 1820,~~678~~396.7145 Plus Adjustments for Prior Master Servicing Calculation 0.00 Total Master Servicing Fees Collected 3642,~~468~~935.2906

Certificate Interest Reconciliation Class Accrued Net Aggregate Distributable Distributable Additional Interest Remaining Unpaid Certificate Prepayment Certificate Certificate Trust Fund Distribution Distributable Interest Interest Interest Interest Expenses Certificate Shortfall Adjustment Interest A-1 ~~148~~145,~~960~~867.4690 0.00 ~~148~~145,~~960~~867.4690 0.00 0.00 ~~148~~145,~~960~~867.4690 0.00 A-2 1,377,724.50 0.00 1,377,724.50 0.00 0.00 1,377,724.50 0.00 A-3 264,983.33 0.00 264,983.33 0.00 0.00 264,983.33 0.00 A-4 731,787.19 0.00 731,787.19 0.00 0.00 731,787.19 0.00 A-1A ~~662~~661,~~409~~385.5215 0.00 ~~662~~661,~~409~~385.5215 0.00 0.00 ~~662~~661,~~409~~385.5215 0.00 XC 2427,~~396~~807.0045 0.00 2427,~~396~~807.0045 0.00 0.00 2427,~~396~~807.0045 0.00 XP ~~475~~470,~~897~~701.7436 0.00 ~~475~~470,~~897~~701.7436 0.00 0.00 ~~475~~470,~~897~~701.7436 0.00 B 118,562.40 0.00 118,562.40 0.00 0.00 118,562.40 0.00 C 48,868.63 0.00 48,868.63 0.00 0.00 48,868.63 0.00 D 110,~~691~~687.9046 0.00 110,~~691~~687.9046 0.00 0.00 110,~~691~~687.9046 0.00 E 48,~~260~~258.0717 0.00 48,~~260~~258.0717 0.00 0.00 48,~~260~~258.0717 0.00 F 59,~~890~~888.5623 0.00 59,~~890~~888.5623 0.00 0.00 59,~~890~~888.5623 0.00 G 54,~~445~~443.1504 0.00 54,~~445~~443.1504 0.00 0.00 54,~~445~~443.1504 0.00 H 48,~~999~~997.7584 0.00 48,~~999~~997.7584 0.00 0.00 48,~~999~~997.7584 0.00 J 16,~~336~~335.2158 0.00 16,~~336~~335.2158 0.00 0.00 16,~~336~~335.2158 0.00 K 21,~~777~~776.1733 0.00 21,~~777~~776.1733 0.00 0.00 21,~~777~~776.1733 0.00 L 21,~~777~~776.1733 0.00 21,~~777~~776.1733 0.00 0.00 21,~~777~~776.1733 0.00 M 21,~~777~~776.1733 0.00 21,~~777~~776.1733 0.00 0.00 21,~~777~~776.1733 0.00 N 10,890.8139 0.00 10,890.8139 0.00 0.00 10,890.8139 0.00 P 16,331.7713 0.00 16,331.7713 0.00 0.00 16,331.7713 0.00 Q 59,~~893~~891.6936 0.00 59,~~893~~891.6936 0.00 92143.3721 59,~~801~~748.3216 92273.3748 Total 4,~~344~~338,~~661~~740.1910 0.00 4,~~344~~338,~~661~~740.1910 0.00 92143.3721 4,~~344~~338,~~568~~596.8290 92273.3748

Other Required Information Available Distribution Amount (1) 5,029,~~376~~388.6300 Principal Distribution Amount ~~684~~690,~~807~~791.8110 (a) Principal portion of Monthly Payments ~~684~~690,~~807~~791.8110 and any Assumed Monthly Payments (b) Principal Prepayments 0.00 (c) Collection of Principal on a Balloon 0.00 Loan after its stated Maturity Date (d) Liquidation Proceeds and Insurance 0.00 Proceeds received on a Mortgage Loan (e) Liquidation Proceeds, Insurance Proceeds, 0.00 or REO Revenues received on an REO Plus the excess of the prior Principal Distribution 0.00 Amount over the principal paid to the Sequential Pay Certificates Aggregate Number of Outstanding Loans 72 Aggregate Unpaid Principal Balance of Loans ~~976~~975,~~902~~575,~~872~~566.5607 Aggregate Stated Principal Balance of Loans ~~976~~975,~~691~~391,~~679~~573.1505 Aggregate Amount of Master Servicing Fee 3642,~~468~~935.2906 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 1,~~873~~870.3082 Aggregate Trust Fund Expenses 92143.3721 Interest Reserve Deposit 0.00 Interest Reserve Withdrawal 0.00 Specially Serviced Loans not Delinquent Number of Outstanding Loans 0 Aggregate Unpaid Principal Balance 0.00

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 4,380,353.91 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 4,380,353.91 Principal: Scheduled Principal 690,791.10 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 690,791.10 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 5,071,145.01 Total Funds Distributed Fees: Master Servicing Fee 39,743.00 Trustee Fee 1,870.82 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 41,613.82 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 143.21 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 143.21 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 4,338,596.90 Principal Distribution 690,791.10 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 5,029,388.00 Total Funds Distributed 5,071,145.03

Current Mortgage Loan and Property Stratification Tables Aggregate Pool Scheduled Balance Scheduled # of Scheduled % of WAM WAC Weighted Balance Loans Balance Agg. (2) Avg DSCR (1) Bal. 2,999,999 or less 6 15,~~218~~173,~~703~~252.2940 1.56 ~~120~~118 5.~~7176~~7170 1.~~809415~~807676 3,000,000 - 3,999,999 5 16,~~690~~645,~~670~~141.6867 1.71 ~~120~~118 5.~~8650~~8652 1.~~583149~~638258 4,000,000 - 4,999,999 7 3130,~~061~~986,~~401~~108.5629 3.18 ~~129~~127 5.~~7278~~7276 1.~~295848~~299591 5,000,000 - 5,999,999 4 20,~~996~~955,~~470~~416.8637 2.15 8684 5.~~4809~~4813 1.~~459355~~497855 6,000,000 - 6,999,999 12 7978,~~049~~890,~~566~~522.5621 8.09 ~~104~~102 5.~~7018~~7019 1.~~419680~~493562 7,000,000 - 7,999,999 4 29,~~489~~424,~~297~~451.6316 3.02 9896 5.~~3515~~3516 1.~~417018~~417014 8,000,000 - 9,999,999 6 50,~~598~~440,~~177~~039.4816 5.1817 ~~122~~120 5.~~6228~~6230 1.~~672249~~615023 10,000,000 - 12,999,999 11 125,~~939~~676,~~723~~802.3315 12.8988 8280 5.5384 1.~~553998~~496601 13,000,000 - 19,999,999 8 ~~119~~118,~~130~~947,~~104~~534.5980 12.2019 ~~105~~103 5.6300 1.~~364079~~403260 20,000,000 - 49,999,999 5 ~~149~~148,~~017~~752,~~563~~304.1784 15.2625 ~~102~~100 5.~~5013~~5015 1.~~739904~~789144 50,000,000 - 99,999,999 3 188,500,000.00 19.3033 6462 5.1781 2.564828 100,000,000 or greater 1 151,000,000.00 15.4648 4745 4.8000 3.110000 Totals 72 ~~976~~975,~~691~~391,~~679~~573.1505 100.00 8684 5.~~3853~~3851 1.~~980202~~990545

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alabama 2 3,540,000.00 0.36 7371 5.0100 3.400000 Arizona 5 51,~~413~~326,~~640~~139.4744 5.26 ~~114~~112 5.~~8190~~8192 1.~~377767~~376680 California 16 279,~~421~~211,~~231~~128.7330 28.6163 7775 5.~~2005~~2001 2.~~399830~~429186 Connecticut 1 7,390,000.00 0.76 7371 5.0100 3.400000 Delaware 2 23,~~772~~756,~~671~~257.6966 2.4344 ~~107~~105 6.~~0262~~0266 1.~~532348~~532267 Florida 10 109,~~694~~619,~~451~~214.77 11.2324 8280 5.~~1700~~1698 2.~~080006~~076516 Georgia 7 21,~~376~~344,~~323~~074.6111 2.19 8583 5.~~2840~~2839 2.~~060240~~061027 Illinois 2 3,~~266~~255,~~443~~505.0399 0.33 ~~106~~104 5.3000 2.210000 Indiana 7 21,~~886~~830,~~712~~209.7293 2.24 ~~111~~109 5.9289 1.~~866062~~838517 Kansas 3 9,~~302~~290,~~241~~532.5009 0.95 7674 5.3677 2.~~026162~~026695 Kentucky 3 41,~~132~~124,~~046~~992.7533 4.2122 5351 5.~~4108~~4106 2.~~577811~~573302 Louisiana 1 4,~~472~~463,~~775~~530.4411 0.46 ~~114~~112 5.6000 1.~~220000~~210000 Maine 1 10,~~479~~456,~~697~~078.1936 1.07 7775 5.2135 1.310000 Massachusetts 1 1,410,000.00 0.14 7371 5.0100 3.400000 Michigan 8 22,~~099~~049,~~560~~751.9478 2.26 8078 5.~~2776~~2775 1.~~844265~~844413 Montana 1 6,~~511~~497,~~135~~934.9914 0.67 ~~114~~112 5.6900 1.~~720000~~650000 Nevada 2 22,~~950~~937,~~354~~910.7091 2.35 ~~113~~111 5.~~6355~~6353 1.~~248350~~369816 New Hampshire 2 13,~~990~~978,~~819~~020.5193 1.43 8179 5.~~7427~~7423 2.~~142593~~093347 New Jersey 1 11,~~598~~574,~~397~~323.7194 1.19 ~~101~~99 5.6055 1.210000 New York 5 52,~~446~~320,~~253~~042.8114 5.3736 ~~113~~111 5.6680 1.~~460332~~529728 North Carolina 4 19,~~318~~275,~~795~~207.6983 1.98 6765 5.2103 1.~~797577~~826333 Ohio 7 17,~~322~~277,~~192~~229.7489 1.77 ~~108~~106 5.~~6531~~6533 1.~~938373~~949072 Oregon 2 21,~~546~~483,~~323~~800.0655 2.2120 ~~114~~112 5.~~2252~~2244 1.~~864912~~816450 Pennsylvania 2 25,~~225~~162,~~974~~920.4337 2.58 8482 5.~~7186~~7187 1.~~516951~~355696 Rhode Island 1 6,~~995~~981,~~489~~818.5044 0.72 ~~112~~110 5.9200 1.~~130000~~240000 South Carolina 5 19,~~080~~055,~~643~~569.1177 1.95 5351 5.~~1484~~1486 21.~~030982~~773153 Tennessee 8 40,~~859~~795,~~234~~788.0346 4.18 5755 5.2800 2.~~144225~~141541 Texas 11 63,~~417~~305,~~991~~621.7170 6.49 9795 5.~~4271~~4272 1.~~472771~~499659 Utah 3 13,~~106~~078,~~241~~598.7032 1.34 ~~113~~111 5.5300 1.600000 Virginia 4 22,~~436~~391,~~496~~309.7679 2.30 8179 5.~~2720~~2718 1.~~825387~~983443 Washington 1 8,~~512~~494,~~651~~682.9591 0.87 ~~110~~108 5.6100 1.~~320000~~440000 Wyoming 1 ~~714~~713,~~885~~378.9109 0.07 ~~113~~111 5.5300 1.600000 Totals 129 ~~976~~975,~~691~~391,~~679~~573.1505 100.00 8684 5.~~3853~~3851 1.~~980202~~990545

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. 1.19 or less 76 5147,~~043~~661,~~564~~119.6453 54.2389 ~~106~~90 5.~~5553~~4804 1.~~121202~~096564 1.20 - 1.24 23 1623,~~071~~019,~~173~~672.1549 12.6536 105 5.~~6040~~6998 1.~~212783~~219099 1.25 - 1.29 910 7789,~~450~~597,~~021~~278.0536 79.9319 99 5.~~4862~~4770 1.~~277792~~273075 1.30 - 1.34 62 6716,~~107~~884,~~300~~891.6266 61.8773 9988 5.~~4643~~4178 1.~~316109~~321422 1.35 - 1.39 910 7292,~~543~~591,~~126~~488.5996 79.4349 8992 5.~~4857~~4867 1.~~372768~~369567 1.40 - 1.44 34 2533,~~776~~835,~~110~~633.4538 23.6447 ~~113~~111 5.~~7035~~6931 1.~~401859~~431517 1.45 - 1.49 24 2843,~~649~~647,~~155~~244.9865 24.9347 ~~124~~107 65.~~2048~~8531 1.~~475743~~467539 1.50 - 1.59 54 3617,~~192~~161,~~098~~577.03 31.7176 99117 56.~~5902~~0780 1.~~511638~~546515 1.60 - 1.99 2019 ~~231~~234,~~427~~219,~~198~~084.1307 2324.7001 9392 5.~~4471~~4375 1.~~691588~~690160 2.00 or greater 910 ~~370~~376,~~431~~773,~~930~~582.5192 3738.9363 6766 5.~~1532~~1595 2.~~823335~~821719 Totals 72 ~~976~~975,~~691~~391,~~679~~573.1505 100.00 8684 5.~~3853~~3851 1.~~980202~~990545

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 3 26,~~678~~608,~~302~~038.5109 2.73 ~~113~~111 5.6199 1.~~445938~~507141 Lodging 5 61,~~904~~837,~~245~~747.2557 6.34 ~~102~~100 5.~~9141~~9140 12.~~977062~~057267 Mixed Use 1 6,~~550~~537,~~354~~910.7091 0.67 ~~112~~110 6.0500 1.394440 Mobile Home Park 23 125,~~964~~742,~~769~~058.2448 12.9089 9391 5.~~5349~~5352 1.~~500177~~500181 Multi-Family 14 116,~~556~~409,~~321~~566.7245 11.93 ~~100~~98 5.4721 1.~~326881~~364584 Office 11 ~~141~~140,~~044~~834,~~898~~408.8738 14.44 9391 5.~~4025~~4022 1.~~604055~~590844 Retail 66 ~~473~~472,~~133~~629,~~361~~753.4166 48.4446 7472 5.~~2118~~2115 2.~~451294~~440709 Self Storage 6 24,~~859~~792,~~425~~089.4551 2.5554 ~~114~~112 5.6815 1.~~379372~~615102 Totals 129 ~~976~~975,~~691~~391,~~679~~573.1505 100.00 8684 5.~~3853~~3851 1.~~980202~~990545

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 4.999 or less 3 158,~~449~~437,~~290~~292.9050 16.2224 4846 4.~~8067~~8066 3.~~046175~~045044 5.000 - 5.249 11 212,~~511~~308,~~029~~357.6153 21.7677 7068 5.0832 2.~~049417~~037984 5.250 - 5.499 13 ~~200~~199,~~130~~845,~~786~~037.6211 20.49 7674 5.3549 1.~~949032~~959769 5.500 - 5.599 10 126,~~941~~632,~~861~~660.2801 1312.0098 ~~112~~110 5.5366 1.~~584074~~571667 5.600 - 5.699 9 58,~~543~~421,~~022~~725.1265 5.99 ~~110~~108 5.6306 1.~~277788~~305542 5.700 - 5.749 4 36,~~902~~812,~~792~~625.3322 3.7877 ~~113~~111 5.7141 1.~~397728~~540747 5.750 - 5.999 9 98,~~788~~647,~~453~~444.2874 10.11 ~~113~~111 5.8502 1.~~642487~~708048 6.000 - 6.249 8 43,~~735~~647,~~081~~276.6230 4.4847 ~~115~~113 6.0630 1.~~529396~~520142 6.250 or greater 5 40,~~689~~639,~~361~~153.3999 4.17 ~~137~~135 6.~~3861~~3860 1.~~700193~~671320 Totals 72 ~~976~~975,~~691~~391,~~679~~573.1505 100.00 8684 5.~~3853~~3851 1.~~980202~~990545

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less 6862 ~~792~~628,~~449~~222,~~208~~567.9204 8164.1441 9296 5.~~4887~~5178 1.~~763352~~545195 13 -24 months 410 ~~184~~347,~~242~~169,~~470~~006.2301 1835.8659 6163 45.~~9407~~1450 2.~~912902~~796431 25 - 36 months 0 0.00 0.00 0 0.0000 0.000000 37 - 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 72 ~~976~~975,~~691~~391,~~679~~573.1505 100.00 8684 5.~~3853~~3851 1.~~980202~~990545

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. 84 months or less 20 ~~496~~495,~~285~~939,~~468~~393.8230 50.8185 5755 5.~~0693~~0692 2.~~401255~~393317 85 months - 119 months 43 ~~421~~420,~~234~~441,~~552~~222.7627 43.1310 ~~112~~110 5.6596 1.~~521027~~561828 120 months or greater 4 27,~~678~~669,~~614~~853.6106 2.8384 ~~132~~130 6.~~2770~~2772 1.~~495324~~504974 Totals 67 ~~945~~944,~~198~~050,~~636~~468.1963 96.7879 8482 5.~~3677~~3675 1.~~982446~~996969

Remaining Stated Term (Fully Amortizing Loans) Remaining Stated # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 84 months or less 0 0.00 0.00 0 0.0000 0.000000 85 months - 119 months 1 12,~~196~~173,~~775~~427.9807 1.25 ~~111~~109 6.0400 1.~~470000~~460000 120 months or greater 4 19,~~296~~167,~~266~~677.9835 1.9897 ~~184~~182 5.~~8342~~8345 2.~~192753~~011092 Totals 5 31,~~493~~341,~~042~~104.9642 3.2221 ~~155~~153 5.~~9139~~9143 1.~~912842~~797038

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 13 453,174,235.00 46.4046 7169 5.1967 2.~~523513~~550655 175 months or less 0 0.00 0.00 0 0.0000 0.000000 176 months or greater 54 ~~492~~490,~~024~~876,~~401~~233.1963 50.3833 9694 5.5253 1.~~484103~~485809 Totals 67 ~~945~~944,~~198~~050,~~636~~468.1963 96.7879 8482 5.~~3677~~3675 1.~~982446~~996969

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 8 60,~~912~~777,~~242~~012.9854 6.2423 9795 5.5878 1.~~393496~~393466 1 year or less 64 ~~915~~914,~~779~~614,~~436~~560.1751 93.7677 8684 5.~~3719~~3716 2.~~019226~~030222 1 - 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 72 ~~976~~975,~~691~~391,~~679~~573.1505 100.00 8684 5.~~3853~~3851 1.~~980202~~990545 (1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is used. The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. (2) Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date Balance of each property as disclosed in the offering document.

Current Mortgage Loan and Property Stratification Tables Group 1 Scheduled Balance Scheduled # of Scheduled % of WAM WAC Weighted Balance Loans Balance Agg. (2) Avg DSCR (1) Bal. 2,999,999 or less 6 15,~~218~~173,~~703~~252.2940 1.56 ~~120~~118 5.~~7176~~7170 1.~~809415~~807676 3,000,000 - 3,999,999 5 16,~~690~~645,~~670~~141.6867 1.71 ~~120~~118 5.~~8650~~8652 1.~~583149~~638258 4,000,000 - 4,999,999 5 22,~~080~~023,~~356~~744.7754 2.26 ~~136~~134 5.~~7747~~7744 1.~~369576~~352391 5,000,000 - 5,999,999 3 15,~~944~~915,~~179~~123.9687 1.63 9795 5.~~6364~~6370 1.~~551044~~614354 6,000,000 - 6,999,999 7 46,~~764~~661,~~380~~020.5435 4.7978 ~~113~~111 5.~~7909~~7910 1.~~490346~~587848 7,000,000 - 7,999,999 3 22,~~409~~360,~~355~~969.6709 2.29 9290 5.~~4594~~4595 1.~~431873~~431865 8,000,000 - 9,999,999 5 4241,~~085~~945,~~525~~356.5325 4.3130 ~~124~~122 5.~~6254~~6256 1.~~743499~~650468 10,000,000 - 12,999,999 8 92,~~265~~051,~~481~~316.1330 9.4544 8179 5.6176 1.~~585650~~511136 13,000,000 - 19,999,999 5 76,~~484~~328,~~898~~291.4944 7.83 ~~107~~105 5.~~7221~~7225 1.~~418241~~451235 20,000,000 - 49,999,999 4 ~~124~~123,~~059~~852,~~597~~514.0278 12.70 ~~112~~110 5.~~5921~~5923 1.~~766038~~825160 50,000,000 - 99,999,999 3 188,500,000.00 19.3033 6462 5.1781 2.564828 100,000,000 or greater 1 151,000,000.00 15.4648 4745 4.8000 3.110000 Totals 55 ~~813~~812,~~503~~456,~~149~~730.0869 83.2930 8684 5.~~3875~~3872 2.~~103297~~110285

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alabama 2 3,540,000.00 0.36 7371 5.0100 3.400000 Arizona 5 51,~~413~~326,~~640~~139.4744 5.26 ~~114~~112 5.~~8190~~8192 1.~~377767~~376680 California 14 266,~~479~~282,~~289~~315.2300 27.2830 7674 5.~~1672~~1668 2.~~444716~~472794 Connecticut 1 7,390,000.00 0.76 7371 5.0100 3.400000 Delaware 2 23,~~772~~756,~~671~~257.6966 2.4344 ~~107~~105 6.~~0262~~0266 1.~~532348~~532267 Florida 7 92,~~932~~895,~~871~~395.5686 9.52 8179 5.~~1654~~1651 2.~~198734~~194397 Georgia 6 16,~~058~~038,~~518~~664.7787 1.64 9593 5.~~3616~~3613 2.~~209338~~210222 Illinois 2 3,~~266~~255,~~443~~505.0399 0.33 ~~106~~104 5.3000 2.210000 Indiana 7 21,~~886~~830,~~712~~209.7293 2.24 ~~111~~109 5.9289 1.~~866062~~838517 Kansas 2 7,~~786~~778,~~270~~094.2753 0.80 8179 5.~~4296~~4295 2.~~107188~~107721 Kentucky 3 41,~~132~~124,~~046~~992.7533 4.2122 5351 5.~~4108~~4106 2.~~577811~~573302 Massachusetts 1 1,410,000.00 0.14 7371 5.0100 3.400000 Michigan 7 12,~~328~~301,~~094~~062.5431 1.26 ~~102~~100 5.~~4579~~4578 2.~~029948~~030187 Montana 1 6,~~511~~497,~~135~~934.9914 0.67 ~~114~~112 5.6900 1.~~720000~~650000 Nevada 1 6,~~550~~537,~~354~~910.7091 0.67 ~~112~~110 6.0500 1.394440 New Hampshire 2 13,~~990~~978,~~819~~020.5193 1.43 8179 5.~~7427~~7423 2.~~142593~~093347 New Jersey 1 11,~~598~~574,~~397~~323.7194 1.19 ~~101~~99 5.6055 1.210000 New York 5 52,~~446~~320,~~253~~042.8114 5.3736 ~~113~~111 5.6680 1.~~460332~~529728 North Carolina 2 15,~~482~~447,~~237~~592.6162 1.5958 7068 5.~~2500~~2501 1.~~844059~~879936 Ohio 7 17,~~322~~277,~~192~~229.7489 1.77 ~~108~~106 5.~~6531~~6533 1.~~938373~~949072 Oregon 1 8,~~386,~~323,800.0655 0.8685 ~~173~~171 5.5000 2.~~720000~~380000 Pennsylvania 1 12,~~140~~103,~~768~~677.3301 1.24 5452 5.5500 1.~~740000~~610000 Rhode Island 1 6,~~995~~981,~~489~~818.5044 0.72 ~~112~~110 5.9200 1.~~130000~~240000 South Carolina 5 19,~~080~~055,~~643~~569.1177 1.95 5351 5.~~1484~~1486 21.~~030982~~773153 Tennessee 8 40,~~859~~795,~~234~~788.0346 4.18 5755 5.2800 2.~~144225~~141541 Texas 5 27,~~679~~620,~~660~~505.5825 2.83 ~~104~~102 5.5156 1.~~630175~~671970 Utah 3 13,~~106~~078,~~241~~598.7032 1.34 ~~113~~111 5.5300 1.600000 Virginia 3 11,~~241~~221,~~951~~902.7530 1.15 9795 5.~~3126~~3122 2.~~358517~~673641 Wyoming 1 ~~714~~713,~~885~~378.9109 0.07 ~~113~~111 5.5300 1.600000 Totals 106 ~~813~~812,~~503~~456,~~149~~730.0869 83.2930 8684 5.~~3875~~3872 2.~~103297~~110285

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. 1.24 or less 4 3037,~~429~~379,~~274~~850.6654 3.1283 ~~108~~90 5.~~6897~~4880 1.~~159464~~149532 1.25 - 1.29 78 5972,~~816~~003,~~040~~665.0053 67.1238 ~~111~~110 5.~~5851~~5567 1.~~276346~~270724 1.30 - 1.34 10 ~~15,427,802~~0.8800 10.5800 ~~114~~0 50.~~4400~~0000 10.~~310000~~000000 1.35 - 1.39 7 5862,~~811~~490,~~504~~565.5954 6.0241 8786 5.~~5459~~5478 1.~~371036~~369749 1.40 - 1.44 3 25,~~776~~340,~~110~~950.4547 2.6460 ~~113~~112 5.~~7035~~7209 1.~~401859~~428673 1.45 - 1.49 23 2830,~~649~~487,~~155~~244.9865 23.9313 ~~124~~121 6.~~2048~~1998 1.~~475743~~470793 1.50 - 1.59 54 3617,~~192~~161,~~098~~577.03 31.7176 99117 56.~~5902~~0780 1.~~511638~~546515 1.60 - 1.99 1716 ~~187~~190,~~969~~819,~~231~~294.9801 19.2556 9795 5.~~4767~~4643 1.~~700236~~696469 2.00 or greater 910 ~~370~~376,~~431~~773,~~930~~582.5192 3738.9363 6766 5.~~1532~~1595 2.~~823335~~821719 Totals 55 ~~813~~812,~~503~~456,~~149~~730.0869 83.2930 8684 5.~~3875~~3872 2.~~103297~~110285

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 3 26,~~678~~608,~~302~~038.5109 2.73 ~~113~~111 5.6199 1.~~445938~~507141 Lodging 5 61,~~904~~837,~~245~~747.2557 6.34 ~~102~~100 5.~~9141~~9140 12.~~977062~~057267 Mixed Use 1 6,~~550~~537,~~354~~910.7091 0.67 ~~112~~110 6.0500 1.394440 Mobile Home Park 14 79,~~332~~216,~~560~~782.8957 8.12 ~~112~~110 5.~~7727~~7731 1.~~520407~~520399 Office 11 ~~141~~140,~~044~~834,~~898~~408.8738 14.44 9391 5.~~4025~~4022 1.~~604055~~590844 Retail 66 ~~473~~472,~~133~~629,~~361~~753.4166 48.4446 7472 5.~~2118~~2115 2.~~451294~~440709 Self Storage 6 24,~~859~~792,~~425~~089.4551 2.5554 ~~114~~112 5.6815 1.~~379372~~615102 Totals 106 ~~813~~812,~~503~~456,~~149~~730.0869 83.2930 8684 5.~~3875~~3872 2.~~103297~~110285

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 4.999 or less 2 153,397,000.00 15.7173 4745 4.8006 3.107969 5.000 - 5.249 5 139,~~199~~135,~~443~~394.2621 14.2526 7169 5.0777 2.~~384516~~353370 5.250 - 5.499 11 ~~177~~176,~~079~~807,~~106~~595.5876 18.13 7371 5.3403 2.~~040289~~036753 5.500 - 5.599 9 114,~~941~~632,~~861~~660.2801 11.7775 ~~111~~109 5.5404 1.~~564663~~554045 5.600 - 5.699 5 34,~~797~~725,~~197~~637.9412 3.56 ~~109~~107 5.6413 1.~~366681~~353586 5.700 - 5.749 4 36,~~902~~812,~~792~~625.3322 3.7877 ~~113~~111 5.7141 1.~~397728~~540747 5.750 - 5.999 7 79,~~261~~159,~~304~~388.6808 8.12 ~~114~~112 5.~~8543~~8542 1.~~721961~~834952 6.000 - 6.249 7 37,~~235~~147,~~081~~276.6230 3.81 ~~116~~114 6.0705 1.~~515326~~485171 6.250 or greater 5 40,~~689~~639,~~361~~153.3999 4.17 ~~137~~135 6.~~3861~~3860 1.~~700193~~671320 Totals 55 ~~813~~812,~~503~~456,~~149~~730.0869 83.2930 8684 5.~~3875~~3872 2.~~103297~~110285

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less 5246 ~~635~~471,~~760~~787,~~678~~724.8568 6548.0937 9399 5.~~5235~~5743 1.~~863631~~600002 13 - 24 months 39 ~~177~~340,~~742~~669,~~470~~006.2301 1834.2093 5962 45.~~9012~~1283 2.~~960549~~816970 25 - 36 months 0 0.00 0.00 0 0.0000 0.000000 37 - 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 55 ~~813~~812,~~503~~456,~~149~~730.0869 83.2930 8684 5.~~3875~~3872 2.~~103297~~110285

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. 84 months or less 13 418,~~349~~152,~~853~~178.4920 42.8387 5654 5.~~0588~~0586 2.~~587889~~574290 85 months - 119 months 33 335,~~981~~293,~~638~~595.0201 34.4038 ~~112~~110 5.6743 1.~~567841~~610848 120 months or greater 4 27,~~678~~669,~~614~~853.6106 2.8384 ~~132~~130 6.~~2770~~2772 1.~~495324~~504974 Totals 50 ~~782~~781,~~010~~115,~~106~~626.1227 80.0708 8381 5.~~3663~~3661 2.~~110967~~122854

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 9 405,114,235.00 41.4853 6765 5.1682 2.~~653569~~671626 175 months or less 0 0.00 0.00 0 0.0000 0.000000 176 months or greater 41 376,~~895~~001,~~871~~391.1227 38.5955 ~~100~~98 5.~~5793~~5794 1.~~527740~~531592 Totals 50 ~~782~~781,~~010~~115,~~106~~626.1227 80.0708 8381 5.~~3663~~3661 2.~~110967~~122854

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 7 54,~~260~~139,~~562~~571.9419 5.5655 9997 5.~~6034~~6035 1.~~393799~~393764 1 year or less 48 ~~759~~758,~~242~~317,~~586~~159.1450 77.74 8583 5.~~3721~~3718 2.~~154003~~161441 1 - 2 years 0 0.00 0.00 0 0.0000 0.000000 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 55 ~~813~~812,~~503~~456,~~149~~730.0869 83.2930 8684 5.~~3875~~3872 2.~~103297~~110285 (1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is used. The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. (2) Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date Balance of each property as disclosed in the offering document.

Current Mortgage Loan and Property Stratification Tables Group 2 Scheduled Balance Scheduled # of Scheduled % of WAM WAC Weighted Balance Loans Balance Agg. (2) Avg DSCR (1) Bal. 4,999,999 or less 2 8,~~981~~962,~~044~~363.7975 0.92 ~~112~~110 5.6125 1.~~114585~~169842 5,000,000 - 5,999,999 1 5,~~052~~040,~~290~~292.9050 0.52 5250 4.9900 1.~~170000~~130000 6,000,000 - 6,999,999 5 32,~~285~~229,~~186~~501.0286 3.3130 9189 5.~~5728~~5730 1.~~317323~~357056 7,000,000 - 7,999,999 1 7,~~079~~063,~~941~~482.9607 0.72 ~~115~~113 5.0100 1.370000 8,000,000 - 9,999,999 1 8,~~512~~494,~~651~~682.9591 0.87 ~~110~~108 5.6100 1.~~320000~~440000 10,000,000 - 12,999,999 3 33,~~674~~625,~~242~~485.2085 3.45 8684 5.~~3215~~3216 1.~~467275~~456812 13,000,000 - 19,999,999 3 42,~~645~~619,~~206~~243.1036 4.37 ~~101~~99 5.~~4647~~4644 1.~~266938~~317338 20,000,000 or greater 1 24,~~957~~899,~~966~~790.1506 2.5655 5351 5.0500 1.610000 Totals 17 ~~163~~162,~~188~~934,~~530~~842.0736 16.7170 8987 5.~~3744~~3745 1.~~366567~~393473

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. California 2 12,~~941~~928,~~942~~813.5030 1.33 ~~109~~107 5.~~8856~~8857 1.~~475606~~531046 Florida 3 16,~~761~~723,~~580~~818.2191 1.7271 8987 5.1958 1.~~421730~~421727 Georgia 1 5,~~317~~305,~~804~~409.8424 0.54 5351 5.0500 1.610000 Kansas 1 1,~~515~~512,~~971~~437.2356 0.16 5351 5.0500 1.610000 Louisiana 1 4,~~472~~463,~~775~~530.4411 0.46 ~~114~~112 5.6000 1.~~220000~~210000 Maine 1 10,~~479~~456,~~697~~078.1936 1.07 7775 5.2135 1.310000 Michigan 1 9,~~771~~748,~~466~~689.3947 1.00 5351 5.0500 1.610000 Nevada 1 16,400,000.00 1.68 ~~113~~111 5.4700 1.~~190000~~360000 North Carolina 2 3,~~836~~827,~~558~~615.0821 0.39 5351 5.0500 1.610000 Oregon 1 13,160,000.00 1.35 7674 5.0500 1.~~320000~~460000 Pennsylvania 1 13,~~085~~059,~~206~~243.1036 1.34 ~~111~~109 5.8750 1.~~310000~~120000 Texas 6 35,~~738~~685,~~331~~116.1345 3.66 9189 5.~~3585~~3587 1.~~350859~~366288 Virginia 1 11,~~194~~169,~~545~~407.0149 1.15 6563 5.2312 1.290000 Washington 1 8,~~512~~494,~~651~~682.9591 0.87 ~~110~~108 5.6100 1.~~320000~~440000 Totals 23 ~~163~~162,~~188~~934,~~530~~842.0736 16.7170 8987 5.~~3744~~3745 1.~~366567~~393473

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. 1.19 or less 4 3228,~~212~~837,~~687~~411.6937 32.3096 ~~103~~99 5.~~4465~~6272 1.~~117031~~108163 1.20 - 1.24 1 4,~~472~~463,~~775~~530.4411 0.46 ~~114~~112 5.6000 1.~~220000~~210000 1.25 - 1.29 2 17,~~633~~593,~~981~~612.0583 1.8180 6058 5.1504 1.282697 1.30 - 1.34 52 5116,~~679~~884,~~497~~891.7466 51.2973 9588 5.~~4715~~4178 1.~~317933~~321422 1.35 - 1.39 23 1330,~~731~~100,~~622~~923.0042 13.4109 97104 5.~~2280~~3599 1.~~380187~~369189 1.45 - 1.49 01 013,160,000.00 01.0035 074 05.~~0000~~0500 01.~~000000~~460000 1.50 - 1.59 0 0.00 0.00 0 0.0000 0.000000 1.60 or greater 3 43,~~457~~399,~~966~~790.1506 4.45 7876 5.~~3193~~3197 1.~~654181~~662420 Totals 17 ~~163~~162,~~188~~934,~~530~~842.0736 16.7170 8987 5.~~3744~~3745 1.~~366567~~393473

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Mobile Home Park 9 46,~~632~~525,~~208~~275.3591 4.77 6159 5.1302 1.~~465761~~465755 Multi-Family 14 116,~~556~~409,~~321~~566.7245 11.93 ~~100~~98 5.4721 1.~~326881~~364584 Totals 23 ~~163~~162,~~188~~934,~~530~~842.0736 16.7170 8987 5.~~3744~~3745 1.~~366567~~393473

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 4.999 or less 1 5,~~052~~040,~~290~~292.9050 0.52 5250 4.9900 1.~~170000~~130000 5.000 - 5.249 6 73,~~311~~172,~~586~~963.3532 7.5150 6866 5.~~0937~~0936 1.~~413153~~438290 5.250 - 5.499 2 23,~~051~~037,~~680~~441.0435 2.36 ~~103~~101 5.4671 1.~~248008~~368940 5.500 - 5.599 1 12,000,000.00 1.23 ~~114~~112 5.5000 1.~~770000~~740000 5.600 - 5.699 4 23,~~745~~696,~~824~~088.1853 2.43 ~~111~~109 5.6149 1.~~147523~~235136 5.750 - 5.999 2 19,~~527~~488,~~148~~056.6066 2.00 ~~111~~109 5.8338 1.~~319897~~192575 6.000 or greater 1 6,500,000.00 0.67 ~~107~~105 6.0200 1.~~610000~~720000 Totals 17 ~~163~~162,~~188~~934,~~530~~842.0736 16.7170 8987 5.~~3744~~3745 1.~~366567~~393473

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less 16 156,~~688~~434,~~530~~842.0736 16.04 8886 5.3476 1.~~356469~~379905 13 - 24 months 1 6,500,000.00 0.67 ~~107~~105 6.0200 1.~~610000~~720000 25 - 36 months 0 0.00 0.00 0 0.0000 0.000000 37 - 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 17 ~~163~~162,~~188~~934,~~530~~842.0736 16.7170 8987 5.~~3744~~3745 1.~~366567~~393473

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. 84 months or less 7 77,~~935~~787,~~615~~215.3310 7.9897 6462 5.1258 1.~~399422~~420483 85 months - 119 months 10 85,~~252~~147,~~914~~627.7426 8.73 ~~112~~110 5.6016 1.~~336532~~368797 120 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 17 ~~163~~162,~~188~~934,~~530~~842.0736 16.7170 8987 5.~~3744~~3745 1.~~366567~~393473

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 4 48,060,000.00 4.9293 ~~102~~100 5.4369 1.~~427220~~530953 348 months or less 05 038,720,615.0008 03.0097 0109 05.~~0000~~7268 01.~~000000~~216612 349 months or greater 138 ~~115~~76,~~128~~154,~~530~~227.0728 117.7981 8367 5.~~3483~~1559 1.~~341248~~396635 Totals 17 ~~163~~162,~~188~~934,~~530~~842.0736 16.7170 8987 5.~~3744~~3745 1.~~366567~~393473

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 1 6,~~651~~637,~~680~~441.0435 0.68 7775 5.4600 1.391030 1 year or less 16 156,~~536~~297,~~850~~401.0301 16.0302 8987 5.3708 1.~~365528~~393576 1 - 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 17 ~~163~~162,~~188~~934,~~530~~842.0736 16.7170 8987 5.~~3744~~3745 1.~~366567~~393473 (1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is used. The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. (2) Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date Balance of each property as disclosed in the offering document.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type (1) City State Payment Payment Coupon 10024461 1 RT Milpitas CA 604,000.00 0.00 4.800% 10022844 2 RT Various Various 342,008.33 0.00 5.330% 10024494 3 OF Coral Gables FL 245,932.29 0.00 5.133% 10022845 4 RT Various Various 225,450.00 0.00 5.010% 10024364 5 LO Pasadena CA 187,366.67 0.00 5.840% 10023906 6 MH Various Various 164,~~686~~341.8952 40,~~121~~467.8320 5.530% 10024464 7 RT Tucson AZ ~~129~~128,~~085~~817.0952 3031,~~951~~219.4805 5.560% 10023909 8 MH Various Various ~~105~~104,~~160~~916.4464 30,~~652~~895.1797 5.050% 10024466 9 RT Various Various 97,~~485~~160.0463 38,~~263~~587.1556 5.300% 10024495 10 MH Millsboro DE 86,745.17 0.00 6.327% 10022611 11 MF Las Vegas NV 74,756.67 0.00 5.470% 10023913 12 IN Valley Cottage NY 75,~~589~~366.8942 24,~~680~~904.7623 5.710% 10024014 13 OF Valencia/Santa Clarit CA 7069,~~018~~870.9204 17,~~546~~695.7866 5.440% 10023606 14 RT Staten Island NY 71,~~752~~608.1043 16,~~069~~213.9158 5.780% 10020803 15 OF Memphis TN 60,~~983~~780.2108 23,~~076~~279.7588 5.270% 10022555 16 MF Eugene OR 55,381.67 0.00 5.050% 10023430 17 MF State College PA 64,~~131~~004.2980 1314,~~951~~078.6918 5.875% 10024497 18 RT Porter Ranch CA 53,~~904~~784.4049 14,~~568~~688.8677 5.250% 10024467 19 RT Surprise AZ 61,~~453~~336.9096 12,~~607~~724.4337 6.040% 10024122 20 LO Plymouth Meeting PA 56,~~240~~069.5580 19,~~351~~522.3914 5.550% 10024013 21 MF Houston TX 55,000.00 0.00 5.500% 10024498 22 MH Howell NJ 54,~~239~~127.0613 12,~~853~~965.8881 5.605% 10023607 23 LO Various Various 61,~~658~~499.9911 15,~~606~~766.8169 6.560% 10024499 24 MH Chesapeake VA 48,~~858~~749.7362 13,~~298~~407.5667 5.231% 10021953 25 RT Morrisville NC 47,~~660~~551.2983 13,~~425~~534.6612 5.140% 10024500 26 RT Mount Vernon NY 52,~~159~~053.1760 11,~~894~~999.1572 5.730% 10021955 27 RT Mount Pleasant SC 45,~~140~~036.9711 13,~~207~~312.9379 5.040% 10024501 28 MH W.brook ME 45,~~584~~482.1801 12,~~490~~592.0320 5.214% 10024469 29 OF Columbus OH 46,~~709~~617.0086 910,~~943~~034.2741 5.950% 10024471 30 MF Bellingham WA 39,~~841~~757.4584 9,~~583~~667.5920 5.610% 10023803 31 RT Beaverton OR 38,~~582~~297.5429 31,~~686~~971.6489 5.500% 10024502 32 OF Conroe TX 36,~~704~~590.7926 13,~~259~~373.3891 5.420% 10022793 33 IN Los Angeles CA 37,~~582~~503.2303 9,~~182~~261.4767 5.540% 10022527 34 OF Indianapolis IN 3837,~~050~~973.5005 8,~~808~~885.0651 5.670% 10024472 35 OF Corona CA 34,~~973~~901.9833 8,~~416~~489.7035 5.550% 10024473 36 RT Escondido CA 34,~~420~~346.2066 8,~~612~~686.6317 5.475% 10024503 37 MH Rehoboth Beach DE 32,~~675~~602.0721 8,~~695~~768.1400 5.350% 10024258 38 MF Tampa FL 29,~~594~~526.9652 8,~~670~~738.2771 5.010% 10020514 39 RT Smithfield RI 34,~~547~~480.3927 7,~~359~~426.0012 5.920% 10023860 40 OF Portsmouth NH 35,~~747~~681.3296 67,~~943~~009.9834 6.160% 10022524 41 RT San Antonio TX 32,~~279~~213.3019 7,~~478~~544.1324 5.700% 10024474 42 MF Orlando FL 30,~~299~~235.6111 7,~~574~~638.2878 5.460% 10024222 43 SS Virginia Beach VA 30,~~191~~099.0810 10,~~457~~549.0200 5.530% 10024475 44 MU Henderson NV 3332,~~058~~996.6118 6,~~724~~786.1457 6.050% 10024216 45 RT Bozeman MT 30,~~907~~844.1585 7,~~067~~129.5888 5.690% 10024476 46 MF N. Hills CA 32,608.33 0.00 6.020% 10024504 47 MF Arlington TX 26,~~918~~854.1178 8,~~015~~078.0336 5.010% 10023591 48 MF Fallbrook CA 30,~~901~~838.3372 7,~~030~~093.9152 5.750% 10023730 49 RT New York NY 29,~~205~~127.1836 9,~~032~~110.8365 5.450% 10023358 50 MF Arlington TX 29,~~339~~278.5953 67,~~984~~045.3339 5.625% 10024505 51 OF Nashville TN 24,~~974~~916.1060 7,~~144~~201.3484 5.116% 10022779 52 SS Chula Vista CA 23,~~380~~309.8342 8,~~090~~161.1051 5.550% 10022584 53 MF Irving TX 2120,~~035~~985.3567 6,~~311~~361.3907 4.990% 10024506 54 MH Phoenix AZ 26,603.17 0.00 6.327% 10023028 55 OF Malibu CA 24,~~698~~589.0879 10,~~729~~837.0029 6.280% 10023363 56 MF Grand Prairie TX 21,~~156~~112.1210 5,~~036~~080.2527 5.625% 10024038 57 MF New Orleans LA 20,~~895~~853.9905 4,~~937~~980.5650 5.600% 10024507 58 SS Harbor City CA 21,~~064~~020.0498 4,~~911~~954.5763 5.650% 10024037 59 RT Seaford NY 19,~~330~~288.5421 5,~~102~~145.8619 5.300% 10024508 60 RT Traverse City MI 21,~~805~~764.7007 4,~~514~~556.5720 6.000% 10024225 61 RT Fayetteville GA 19,~~502~~462.9385 4,~~608~~648.4048 5.600% 10024477 62 OF Dallas TX 16,~~712~~677.4403 4,~~103~~138.5596 5.540% 10024478 63 RT Davie FL 16,~~661~~540.9157 12,~~637~~758.2458 5.875% 10022042 64 SS San Bernardino CA 15,~~919~~887.7663 3,~~632~~664.0417 5.710% 10024509 65 MH Phoenix AZ 16,973.28 0.00 6.327% 10023361 66 RT Marana AZ 15,~~422~~392.4532 3,~~301~~331.6881 5.920% 10021355 67 SS Tustin CA 14,~~483~~441.8124 4,~~589~~631.3188 5.860% 10024479 68 RT Walnut CA 14,~~187~~085.2233 10,~~339~~441.5039 6.035% 10024248 69 IN Sylmar CA 11,~~943~~917.2844 3,~~100~~126.2913 5.330% 10023364 70 SS Key W. FL 12,~~826~~790.2635 3,~~707~~743.3324 6.150% 10022313 71 RT Port Huron MI 9,667.90 0.00 4.840% 10022958 72 RT Pulaski TN 9,~~520~~502.4194 1,~~866~~883.2370 6.120% Totals 4,~~386~~380,~~337~~353.2091 ~~684~~690,~~807~~791.8110

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 10024461 N/A 09/01/2008 N 151,000,000.00 151,000,000.00 0912/01/2004 10022844 N/A 11/01/2008 N 77,000,000.00 77,000,000.00 1012/01/2004 10024494 N/A 03/01/2011 N 57,500,000.00 57,500,000.00 0911/01/2004 10022845 N/A 11/01/2010 N 54,000,000.00 54,000,000.00 1012/01/2004 10024364 N/A 04/01/2014 N 38,500,000.00 38,500,000.00 1012/01/2004 10023906 N/A 03/01/2014 N 35,~~736~~661,~~758~~813.3217 35,~~696~~621,~~636~~345.4997 1012/01/2004 10024464 N/A 04/01/2014 N 27,~~860~~802,~~091~~342.2594 27,~~829~~771,~~139~~123.7789 0911/01/2004 10023909 N/A 03/01/2009 N 24,~~988~~930,~~618~~686.3203 24,~~957~~899,~~966~~790.1506 1012/01/2004 10024466 08/01/2013 08/01/2028 N 2221,~~072~~998,~~083~~632.9148 2221,~~033~~960,~~820~~044.7692 1012/01/2004 10024495 N/A 11/01/2015 N 16,452,380.00 16,452,380.00 0911/01/2004 10022611 N/A 03/01/2014 N 16,400,000.00 16,400,000.00 1012/01/2004 10023913 N/A 04/01/2014 N 15,~~885~~838,~~791~~828.5332 15,~~861~~813,~~110~~924.7709 1012/01/2004 10024014 N/A 04/01/2014 N 15,~~445~~412,~~349~~507.6687 15,~~427~~394,~~802~~812.8821 1012/01/2004 10023606 N/A 02/01/2014 N 14,~~896~~866,~~630~~802.4943 14,~~880~~850,~~560~~588.5885 1012/01/2004 10020803 N/A 04/01/2009 N 13,~~886~~839,~~121~~866.0117 13,~~863~~816,~~044~~586.2629 1012/01/2004 10022555 N/A 02/01/2011 N 13,160,000.00 13,160,000.00 1012/01/2004 10023430 N/A 01/01/2014 N 13,~~099~~073,~~157~~321.7954 13,~~085~~059,~~206~~243.1036 1012/01/2004 10024497 N/A 03/01/2009 N 12,~~321~~293,~~005~~598.0932 12,~~306~~278,~~436~~909.2355 0911/01/2004 10024467 N/A 01/01/2014 N 12,~~209~~186,~~383~~151.4144 12,~~196~~173,~~775~~427.9807 1012/01/2004 10024122 04/01/2009 04/01/2029 N 12,~~160~~123,~~119~~199.7215 12,~~140~~103,~~768~~677.3301 1012/01/2004 10024013 N/A 04/01/2014 N 12,000,000.00 12,000,000.00 0912/01/2004 10024498 N/A 03/01/2013 N 11,~~611~~587,~~251~~289.5975 11,~~598~~574,~~397~~323.7194 0911/01/2004 10023607 02/01/2014 02/01/2029 N 11,~~279~~249,~~083~~837.7325 11,~~263~~234,~~476~~070.9256 1012/01/2004 10024499 N/A 03/01/2010 N 11,~~207~~182,~~843~~815.5716 11,~~194~~169,~~545~~407.0149 0911/01/2004 10021953 N/A 03/01/2009 N 11,~~126~~101,~~916~~593.0497 11,~~113~~088,~~490~~059.3885 1012/01/2004 10024500 N/A 02/01/2014 N 10,~~923~~901,~~386~~278.6227 10,~~911~~889,~~492~~278.4755 0911/01/2004 10021955 N/A 03/01/2009 N 10,~~747~~722,~~851~~882.0456 10,~~734~~709,~~643~~569.1177 1012/01/2004 10024501 N/A 03/01/2011 N 10,~~492~~468,~~187~~670.2256 10,~~479~~456,~~697~~078.1936 0911/01/2004 10024469 N/A 12/01/2013 N 9,~~420~~401,~~302~~921.4795 9,~~410~~391,~~359~~887.2054 1012/01/2004 10024471 N/A 12/01/2013 N 8,~~522~~504,~~235~~350.5411 8,~~512~~494,~~651~~682.9591 1012/01/2004 10023803 N/A 03/01/2019 N 8,~~418~~355,~~009~~772.7044 8,~~386,~~323,800.0655 1012/01/2004 10024502 N/A 03/01/2014 N 8,~~126~~101,~~522~~164.0691 8,~~113~~087,~~262~~791.6800 0911/01/2004 10022793 02/01/2014 02/01/2034 N 8,~~140~~123,~~556~~400.06 8,~~131~~114,~~373~~138.5939 1012/01/2004 10022527 03/01/2014 03/01/2034 N 8,~~053~~036,~~015~~624.0628 8,~~044~~027,~~207~~738.0077 1012/01/2004 10024472 N/A 04/01/2014 N 7,~~561~~546,~~940~~232.7491 7,~~553~~537,~~524~~743.0456 0911/01/2004 10024473 N/A 02/01/2014 N 7,~~544~~528,~~152~~034.5704 7,~~535~~519,~~539~~347.9487 1012/01/2004 10024503 N/A 11/01/2008 N 7,~~328~~312,~~986~~645.8366 7,~~320~~303,~~291~~877.6966 0911/01/2004 10024258 N/A 05/01/2014 N 7,~~088~~072,~~612~~220.2378 7,~~079~~063,~~941~~482.9607 0912/01/2004 10020514 02/01/2014 02/01/2034 N 76,~~002~~989,~~848~~244.5056 6,~~995~~981,~~489~~818.5044 1012/01/2004 10023860 N/A 03/01/2014 N 6,~~963~~951,~~763~~030.4927 6,~~956~~944,~~819~~020.5193 1012/01/2004 10022524 N/A 01/01/2014 N 6,~~795~~781,~~641~~724.3940 6,~~788~~774,~~163~~180.2616 1012/01/2004 10024474 N/A 03/01/2011 N 6,~~659~~645,~~254~~080.3213 6,~~651~~637,~~680~~441.0435 0911/01/2004 10024222 N/A 04/01/2014 N 6,~~551~~531,~~408~~451.7730 6,~~540~~520,~~951~~902.7530 1012/01/2004 10024475 N/A 02/01/2014 N 6,~~557~~544,~~078~~697.8448 6,~~550~~537,~~354~~910.7091 0911/01/2004 10024216 N/A 04/01/2014 N 6,~~518~~505,~~203~~064.5702 6,~~511~~497,~~135~~934.9914 1012/01/2004 10024476 N/A 09/01/2013 N 6,500,000.00 6,500,000.00 1012/01/2004 10024504 N/A 02/01/2009 N 6,~~447~~432,~~451~~283.0770 6,~~439~~424,~~436~~205.0434 0911/01/2004 10023591 N/A 01/01/2014 N 6,~~448~~435,~~973~~906.4182 6,~~441~~428,~~942~~813.5030 1012/01/2004 10023730 03/01/2014 03/01/2031 N 6,~~430~~413,~~498~~364.6612 6,~~421~~404,~~465~~253.8347 0911/01/2004 10023358 N/A 01/01/2014 N 6,~~259~~246,~~111~~087.7726 6,~~252~~239,~~127~~041.4487 1012/01/2004 10024505 N/A 02/01/2009 N 5,~~858~~844,~~454~~966.1143 5,~~851~~837,~~309~~764.7759 0911/01/2004 10022779 N/A 03/01/2014 N 5,~~055~~039,~~314~~874.2979 5,~~047~~031,~~224~~713.1928 0911/01/2004 10022584 N/A 02/01/2009 N 5,~~058~~046,~~602~~653.2957 5,~~052~~040,~~290~~292.9050 0912/01/2004 10024506 N/A 11/01/2015 N 5,045,646.00 5,045,646.00 0911/01/2004 10023028 N/A 01/01/2023 N 4,~~719~~698,~~378~~685.4772 4,~~708~~687,~~649~~848.4743 1012/01/2004 10023363 N/A 01/01/2014 N 4,~~513~~503,~~305~~913.6091 4,~~508~~498,~~269~~833.3564 1012/01/2004 10024038 N/A 04/01/2014 N 4,~~477~~468,~~713~~510.0061 4,~~472~~463,~~775~~530.4411 1012/01/2004 10024507 N/A 03/01/2014 N 4,~~473~~464,~~778~~633.4959 4,~~468~~459,~~866~~678.9296 0911/01/2004 10024037 04/01/2014 04/01/2034 N 4,~~376~~367,~~727~~142.0237 4,~~371~~361,~~624~~997.1618 0912/01/2004 10024508 N/A 02/01/2014 N 4,~~361~~352,~~140~~814.4786 4,~~356~~348,~~625~~258.9066 0911/01/2004 10024225 04/01/2014 04/01/2034 N 4,~~179~~170,~~198~~609.7279 4,~~174~~165,~~590~~961.3231 1012/01/2004 10024477 N/A 01/01/2014 N 3,~~620~~612,~~023~~354.6102 3,~~615~~608,~~920~~215.06 1012/01/2004 10024478 N/A 01/01/2019 N 3,~~403~~378,~~283~~500.3129 3,~~390~~365,~~646~~741.0771 1012/01/2004 10022042 N/A 03/01/2014 N 3,~~345~~338,~~657~~906.8759 3,~~342~~335,~~025~~242.8342 1012/01/2004 10024509 N/A 11/01/2015 N 3,219,209.00 3,219,209.00 0911/01/2004 10023361 06/01/2010 01/01/2034 N 3,~~126~~120,~~171~~065.4029 3,~~122~~116,~~869~~733.7248 1012/01/2004 10021355 N/A 01/01/2015 N 2,~~965~~957,~~968~~249.9294 2,~~961~~952,~~379~~618.6106 1012/01/2004 10024479 N/A 01/01/2019 N 2,~~820~~800,~~987~~728.8805 2,~~810~~790,~~648~~286.3866 1012/01/2004 10024248 N/A 05/01/2014 N 2,~~688~~683,~~918~~101.4474 2,~~685~~679,~~818~~975.1561 0912/01/2004 10023364 N/A 01/01/2014 N 2,~~502~~495,~~684~~677.4873 2,~~498~~491,~~977~~934.1549 0912/01/2004 10022313 N/A 12/01/2010 N 2,397,000.00 2,397,000.00 1012/01/2004 10022958 N/A 04/01/2014 N 1,~~866~~863,~~746~~321.2328 1,~~864~~861,~~880~~437.0058 0912/01/2004 Totals ~~977~~976,~~376~~082,~~486~~364.9615 ~~976~~975,~~691~~391,~~679~~573.1505

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 12/13/2004 0 $0.00 0 $0.00 0 $0.00 11/12/2004 1 $12,000,000.00 0 $0.00 0 $0.00 10/12/2004 0 $0.00 0 $0.00 0 $0.00 09/13/2004 0 $0.00 0 $0.00 0 $0.00 08/12/2004 0 $0.00 0 $0.00 0 $0.00 07/12/2004 0 $0.00 0 $0.00 0 $0.00 06/14/2004 0 $0.00 0 $0.00 0 $0.00

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 12/13/2004 0 $0.00 0 $0.00 0 $0.00 11/12/2004 0 $0.00 0 $0.00 0 $0.00 10/12/2004 0 $0.00 0 $0.00 0 $0.00 09/13/2004 0 $0.00 0 $0.00 0 $0.00 08/12/2004 0 $0.00 0 $0.00 0 $0.00 07/12/2004 0 $0.00 0 $0.00 0 $0.00 06/14/2004 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 12/13/2004 0 $0.00 0 $0.00 5.385110% 5.333954% 84 11/12/2004 0 $0.00 0 $0.00 5.385227% 5.334066% 85 10/12/2004 0 $0.00 0 $0.00 5.385327% 5.334163% 86 09/13/2004 0 $0.00 0 $0.00 5.385442% 5.334273% 87 08/12/2004 0 $0.00 0 $0.00 5.385541% 5.334369% 88 07/12/2004 0 $0.00 0 $0.00 5.385640% 5.334463% 89 06/14/2004 0 $0.00 0 $0.00 5.385753% 5.334572% 90 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 ~~10024461 1 0 09/01/2004 604,000.00 604,000.00 B~~ 10024494 3 0 0911/01/2004 245,932.29 245,932.29 A 10024464 7 0 0911/01/2004 160,036.57 160,036.57 B 10024495 10 0 0911/01/2004 86,745.17 86,745.17 A 10024497 18 0 0911/01/2004 68,473.26 68,473.26 A ~~10024013 21 0 09/01/2004 55,000.00 55,000.00 A~~ 10024498 22 0 0911/01/2004 67,092.94 67,092.94 A 10024499 24 0 0911/01/2004 62,157.29 62,157.29 A 10024500 26 0 0911/01/2004 64,053.32 64,053.32 A 10024501 28 0 0911/01/2004 58,074.21 58,074.21 A 10024502 32 0 0911/01/2004 49,964.17 49,964.17 A 10024472 35 0 0911/01/2004 43,390.68 43,390.68 B 10024503 37 0 0911/01/2004 41,370.21 41,370.21 A ~~10024258 38 0 09/01/2004 38,265.23 38,265.23 A~~ 10024474 42 0 0911/01/2004 37,873.89 37,873.89 B 10024475 44 0 0911/01/2004 39,782.75 39,782.75 B 10024504 47 0 0911/01/2004 34,933.14 34,933.14 A 10023730 49 0 0911/01/2004 38,238.01 38,238.01 AB 10024505 51 0 0911/01/2004 32,118.44 32,118.44 A 10022779 52 0 0911/01/2004 31,470.93 31,470.93 A ~~10022584 53 0 09/01/2004 27,346.74 27,346.74 A~~ 10024506 54 0 0911/01/2004 26,603.17 26,603.17 A 10024507 58 0 0911/01/2004 25,975.61 25,975.61 A ~~10024037 59 0 09/01/2004 24,433.40 24,433.40 A~~ 10024508 60 0 0911/01/2004 26,320.27 26,320.27 A 10024509 65 0 0911/01/2004 16,973.28 16,973.28 A ~~10024248 69 0 09/01/2004 15,043.57 15,043.57 A 10023364 70 0 09/01/2004 16,533.59 16,533.59 A 10022958 72 0 09/01/2004 11,386.64 11,386.64 A~~ Totals 2921 21,~~049~~257,~~588~~579.7760 21,~~049~~257,~~588~~579.7760

Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date ~~10024461 151,000,000.00 0.00~~ 10024494 57,500,000.00 0.00 10024464 27,~~860~~802,~~091~~342.2594 0.00 10024495 16,452,380.00 0.00 10024497 12,~~321~~293,~~005~~598.0932 0.00 ~~10024013 12,000,000.00 0.00~~ 10024498 11,~~611~~587,~~251~~289.5975 0.00 10024499 11,~~207~~182,~~843~~815.5716 0.00 10024500 10,~~923~~901,~~386~~278.6227 0.00 10024501 10,~~492~~468,~~187~~670.2256 0.00 10024502 8,~~126~~101,~~522~~164.0691 0.00 10024472 7,~~561~~546,~~940~~232.7491 0.00 10024503 7,~~328~~312,~~986~~645.8366 0.00 ~~10024258 7,088,612.23 0.00~~ 10024474 6,~~659~~645,~~254~~080.3213 0.00 10024475 6,~~557~~544,~~078~~697.8448 0.00 10024504 6,~~447~~432,~~451~~283.0770 0.00 10023730 6,~~430~~413,~~498~~364.6612 0.00 10024505 5,~~858~~844,~~454~~966.1143 0.00 10022779 5,~~055~~039,~~314~~874.2979 0.00 ~~10022584 5,058,602.29 0.00~~ 10024506 5,045,646.00 0.00 10024507 4,~~473~~464,~~778~~633.4959 0.00 ~~10024037 4,376,727.02 0.00~~ 10024508 4,~~361~~352,~~140~~814.4786 0.00 10024509 3,219,209.00 0.00 ~~10024248 2,688,918.44 0.00 10023364 2,502,684.48 0.00 10022958 1,866,746.23 0.00~~ Totals ~~422~~235,~~075~~150,~~710~~988.9158 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 (2416 loans) 1938,~~164,504~~257.8870 1938,~~164,504~~257.8870 ~~222~~180,~~437~~199,~~345~~271.7600 0.00 Total for Status Code = B (5 loans) ~~885~~319,~~083~~321.8990 ~~885~~319,~~083~~321.8990 ~~199~~54,~~638~~951,~~365~~717.1558 0.00 (1) Status of Mortgage Loan A - Payment Not Received But Still In Grace Period B - Late Payment But Less Than 1 Month Delinquent 0 - Current 1 - One Month Delinquent 2 - Two Months Delinquent 3 - Three or More Months Delinquent 4 - Assumed Scheduled Payment (Performing Matured Balloon) 7 - Foreclosure 9 - REO (2) Resolution Strategy Code 1 - Modification 2 - Foreclosure 3 - Bankruptcy 4 - Extension 5 - Note Sale 6 - DPO 7 - REO 8 - Resolved 9 - Pending Return to Master Servicer 10 - Deed In Lieu Of Foreclosure 11 - Full Payoff 12 - Reps and Warranties 13 - Other or TBD ** Outstanding P & I Advances include the current period advance.

Specially Serviced Loan Detail - Part 1 No Specially Serviced Loans this Period Specially Serviced Loan Detail - Part 2 No Specially Serviced Loans this Period Modified Loan Detail No Modified Loans Liquidated Loan Detail No Liquidated Loans this Period

Filing Compare · MERRILL LYNCH MORTGAGE INVESTORS INC TRUST 2004-MKB1