8-K 1 wac03c03_10501.txt 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: January 18, 2005 (Date of earliest event reported) Commission File No.: 333-83930-03 Wachovia Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2003 - C3 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2090865 54-2090866 54-6528880 91-2063264 (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 January 18, 2005, a distribution was made to holders of Wachovia Commercial Mortgage Securities, Inc., Commercial Mortgage Pass-Through Certificates, Series 2003 - C3. 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 2003 - C3, relating to the January 18, 2005 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. Wachovia Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2003 - C3 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: January 18, 2005 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2003 - C3, relating to the January 18, 2005 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Wachovia Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2003 - C3 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: January 18, 2005 Record Date: December 31, 2004 DISTRIBUTION DATE STATEMENT Table of Contents STATEMENT SECTIONS PAGE(s) Certificate Distribution Detail 2 Certificate Factor Detail 3 Other Required Information 4 Reconciliation Detail 5 Cash Reconciliation 6 Ratings Detail 7 Current Mortgage Loan and Property Stratification Tables 8 - 10 Mortgage Loan Detail 11 - 15 Principal Prepayment Detail 16 Historical Detail 17 Delinquency Loan Detail 18 Specially Serviced Loan Detail 19 - 20 Modified Loan Detail 21 Liquidated Loan Detail 22 Depositor Wachovia Commercial Mortgage Securities, Inc. 301 South College Street Charlotte, NC 28288-1016 Contact: Tim Steward Phone Number: (704) 593-7822 Master Servicer Wachovia Bank, National Association 8739 Research Drive URP 4, NC1075 Charlotte, NC 28262 Contact: Timothy S. Ryan Phone Number: (704) 593-7878 Special Servicer Lennar Partners, Inc. 760 N.W. 107th Avenue Miami, FL 33172 Contact: Steve Bruha Phone Number: (305) 229-6614 This report has been compiled from information provided to Wells Fargo Bank, 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 2005, Wells Fargo Bank, N.A.

Certificate Distribution Detail Class CUSIP Pass-Through Original Beginning Principal Interest Rate Balance Balance Distribution Distribution A-1 929766CT8 4.037000% 259,086,000.00 ~~240~~239,~~664~~650,~~526~~460.0566 1890,~~014,065~~587.3975 ~~809~~806,~~635~~224.5809 A-2 929766CU5 4.867000% 477,837,000.00 477,837,000.00 0.00 1,938,027.23 B 929766CV3 4.973000% 36,319,000.00 36,319,000.00 0.00 150,511.99 C 929766CW1 5.033000% 12,888,000.00 12,888,000.00 0.00 54,054.42 D 929766CX9 5.072000% 25,775,000.00 25,775,000.00 0.00 108,942.33 E 929766CY7 5.141000% 12,887,000.00 12,887,000.00 0.00 55,210.06 F 929766DD2 5.605000% 10,544,000.00 10,544,000.00 0.00 49,249.27 G 929766DF7 5.704000% 12,888,000.00 12,888,000.00 0.00 61,260.96 H 929766DH3 5.~~896348~~896297% 12,887,000.00 12,887,000.00 0.00 63,321.8632 J 929766DK6 4.982000% 22,260,000.00 22,260,000.00 0.00 92,416.10 K 929766DM2 4.982000% 9,373,000.00 9,373,000.00 0.00 38,913.57 L 929766DP5 4.982000% 7,029,000.00 7,029,000.00 0.00 29,182.07 M 929766DR1 4.982000% 2,343,000.00 2,343,000.00 0.00 9,727.35 N 929766DT7 4.982000% 7,030,000.00 7,030,000.00 0.00 29,186.22 O 929766DV2 4.982000% 4,686,000.00 4,686,000.00 0.00 19,454.71 P 929766DX8 4.982000% 23,432,149.00 23,432,149.00 0.00 9796,~~089~~976.47 Z-I NA 0.000000% 0.00 0.00 0.00 0.00 Z-II NA 0.000000% 0.00 0.00 0.00 0.00 Z-III NA 0.000000% 0.00 0.00 0.00 0.00 R-I NA 0.000000% 0.00 0.00 0.00 0.00 R-II NA 0.000000% 0.00 0.00 0.00 0.00 Totals 937,264,149.00 ~~918~~917,~~842~~828,~~675~~609.0566 1890,~~014,065~~587.3975 3,~~606~~602,~~183~~658.1916

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 929766CT8 0.00 0.00 1,~~823~~696,~~700~~811.9784 ~~239~~238,~~650~~759,~~460~~872.6691 21.8385% A-2 929766CU5 0.00 0.00 1,938,027.23 477,837,000.00 21.8385% B 929766CV3 0.00 0.00 150,511.99 36,319,000.00 17.8789% C 929766CW1 0.00 0.00 54,054.42 12,888,000.00 16.4748% D 929766CX9 0.00 0.00 108,942.33 25,775,000.00 13.6667% E 929766CY7 0.00 0.00 55,210.06 12,887,000.00 12.2527% F 929766DD2 0.00 0.00 49,249.27 10,544,000.00 11.1112% G 929766DF7 0.00 0.00 61,260.96 12,888,000.00 9.7071% H 929766DH3 0.00 0.00 63,321.8632 12,887,000.00 8.3031% J 929766DK6 0.00 0.00 92,416.10 22,260,000.00 5.8788% K 929766DM2 0.00 0.00 38,913.57 9,373,000.00 4.8586% L 929766DP5 0.00 0.00 29,182.07 7,029,000.00 4.0809% M 929766DR1 0.00 0.00 9,727.35 2,343,000.00 3.83% N 929766DT7 0.00 0.00 29,186.22 7,030,000.00 3.0607% O 929766DV2 0.00 0.00 19,454.71 4,686,000.00 2.5556% P 929766DX8 0.00 0.00 9796,~~089~~976.47 23,432,149.00 0.00% Z-I NA 0.00 0.00 0.00 0.00 0.00% Z-II NA 0.00 0.00 0.00 0.00 0.00% Z-III NA 0.00 0.00 0.00 0.00 0.00% R-I NA 0.00 0.00 0.00 0.00 0.00% R-II NA 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 4,~~620~~493,~~248~~245.5891 ~~917~~916,~~828~~938,~~609~~021.6691

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount IO-I 929766CZ4 0.~~138324~~136363% 937,264,149.00 ~~918~~917,~~842~~828,~~675~~609.0566 ~~105~~104,~~915~~297.0987 IO-II 929766DB6 1.~~191316~~191267% 890,430,000.00 846,970,000.00 840,~~840~~805.6489

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount IO-I 929766CZ4 0.00 ~~105~~104,~~915~~297.0987 ~~917~~916,~~828~~938,~~609~~021.6691 IO-II 929766DB6 0.00 840,~~840~~805.6489 846,970,000.00 (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 929766CT8 ~~928~~924.~~89822704~~98421628 3.~~91401075~~43742136 3.~~12496847~~11180106 0.00000000 0.00000000 ~~924~~921.~~98421628~~54679493 A-2 929766CU5 1,000.00000000 0.00000000 4.05583333 0.00000000 0.00000000 1,000.00000000 B 929766CV3 1,000.00000000 0.00000000 4.14416669 0.00000000 0.00000000 1,000.00000000 C 929766CW1 1,000.00000000 0.00000000 4.19416667 0.00000000 0.00000000 1,000.00000000 D 929766CX9 1,000.00000000 0.00000000 4.22666654 0.00000000 0.00000000 1,000.00000000 E 929766CY7 1,000.00000000 0.00000000 4.28416699 0.00000000 0.00000000 1,000.00000000 F 929766DD2 1,000.00000000 0.00000000 4.67083365 0.00000000 0.00000000 1,000.00000000 G 929766DF7 1,000.00000000 0.00000000 4.75333333 0.00000000 0.00000000 1,000.00000000 H 929766DH3 1,000.00000000 0.00000000 4.~~91362303~~91358113 0.00000000 0.00000000 1,000.00000000 J 929766DK6 1,000.00000000 0.00000000 4.15166667 0.00000000 0.00000000 1,000.00000000 K 929766DM2 1,000.00000000 0.00000000 4.15166649 0.00000000 0.00000000 1,000.00000000 L 929766DP5 1,000.00000000 0.00000000 4.15166738 0.00000000 0.00000000 1,000.00000000 M 929766DR1 1,000.00000000 0.00000000 4.15166453 0.00000000 0.00000000 1,000.00000000 N 929766DT7 1,000.00000000 0.00000000 4.15166714 0.00000000 0.00000000 1,000.00000000 O 929766DV2 1,000.00000000 0.00000000 4.15166667 0.00000000 0.00000000 1,000.00000000 P 929766DX8 1,000.00000000 0.00000000 4.~~14343004~~13860760 0.00000000 0.00000000 1,000.00000000 Z-I NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Z-II NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Z-III NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II NA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000

Class CUSIP Beginning Interest Prepayment Ending Notional Distribution Penalties Notional Amount Amount IO-I 929766CZ4 ~~980~~979.~~34548321~~26354128 0.~~11300453~~11127906 0.00000000 ~~979~~978.~~26354128~~31334196 IO-II 929766DB6 951.19212066 0.~~94430853~~94426950 0.00000000 951.19212066

Reconciliation Detail Advance Summary P & I Advances Outstanding 386,~~146,526~~047.7061 Servicing Advances Outstanding 0.00 Reimbursement for Interest on P & I Advances 0.00 paid from general collections Reimbursement for Interest on Servicing 0.00 Advances paid from general collections Aggregate amount of Nonrecoverable Advances 0.00

Servicing Fee Summary Current Period Accrued Servicing Fees 35,~~853~~813.6931 Less Delinquent Servicing Fees ~~20,260~~971.9928 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 2220,~~904~~260.0799 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 3855,~~496~~103.7702

Certificate Interest Reconciliation Class Accrued Net Aggregate Deferred Distributable Distributable Certificate Prepayment Interest Certificate Certificate Interest Interest Amount Interest Interest Shortfall Adjustment A-1 ~~809~~806,~~635~~224.5809 0.00 0.00 ~~809~~806,~~635~~224.5809 0.00 A-2 1,938,027.23 0.00 0.00 1,938,027.23 0.00 IO-I ~~105~~104,~~915~~297.0987 0.00 0.00 ~~105~~104,~~915~~297.0987 0.00 IO-II 840,~~840~~805.6489 0.00 0.00 840,~~840~~805.6489 0.00 B 150,511.99 0.00 0.00 150,511.99 0.00 C 54,054.42 0.00 0.00 54,054.42 0.00 D 108,942.33 0.00 0.00 108,942.33 0.00 E 55,210.06 0.00 0.00 55,210.06 0.00 F 49,249.27 0.00 0.00 49,249.27 0.00 G 61,260.96 0.00 0.00 61,260.96 0.00 H 63,321.8632 0.00 0.00 63,321.8632 0.00 J 92,416.10 0.00 0.00 92,416.10 0.00 K 38,913.57 0.00 0.00 38,913.57 0.00 L 29,182.07 0.00 0.00 29,182.07 0.00 M 9,727.35 0.00 0.00 9,727.35 0.00 N 29,186.22 0.00 0.00 29,186.22 0.00 O 19,454.71 0.00 0.00 19,454.71 0.00 P 97,282.47 0.00 0.00 97,282.47 0.00 Total 4,~~553~~548,~~131~~067.92 0.00 0.00 4,~~553~~548,~~131~~067.92 0.00

Class Additional Interest Remaining Unpaid Trust Fund Distribution Distributable Expenses Certificate Interest A-1 0.00 ~~809~~806,~~635~~224.5809 0.00 A-2 0.00 1,938,027.23 0.00 IO-I 0.00 ~~105~~104,~~915~~297.0987 0.00 IO-II 0.00 840,~~840~~805.6489 0.00 B 0.00 150,511.99 0.00 C 0.00 54,054.42 0.00 D 0.00 108,942.33 0.00 E 0.00 55,210.06 0.00 F 0.00 49,249.27 0.00 G 0.00 61,260.96 0.00 H 0.00 63,321.8632 0.00 J 0.00 92,416.10 0.00 K 0.00 38,913.57 0.00 L 0.00 29,182.07 0.00 M 0.00 9,727.35 0.00 N 0.00 29,186.22 0.00 O 0.00 19,454.71 0.00 P ~~193~~306.00 9796,~~089~~976.47 ~~367~~673.23 Total ~~193~~306.00 4,~~552~~547,~~938~~761.92 ~~367~~673.23

Other Required Information Available Distribution Amount (1) 5,~~567~~438,~~004~~349.3167 Aggregate Number of Outstanding Loans 130 Aggregate Stated Principal Balance of Loans Before Distribution ~~918~~917,~~842~~828,~~675~~610.5314 Aggregate Stated Principal Balance of Loans After Distribution ~~917~~916,~~828~~938,~~610~~022.1439 Aggregate Unpaid Principal Balance of Loans ~~918~~916,~~402~~951,~~857~~525.0699 Aggregate Amount of Servicing Fee 3855,~~496~~103.7702 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 1,~~990~~988.8363 Aggregate Trust Fund Expenses ~~193~~306.00 Interest Reserve Deposit 0151,967.0074 Interest Reserve Withdrawal 0.00 Specially Serviced Loans not Delinquent Number of Outstanding Loans 0 Aggregate Unpaid Principal Balance 0.00 (1) The Available Distribution Amount includes any Prepayment Premiums.

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 4,737,837.68 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 4,737,837.68 Principal: Scheduled Principal 890,587.75 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 890,587.75 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 5,628,425.43 Total Funds Distributed Fees: Master Servicing Fee 35,813.31 Trustee Fee 1,988.63 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 37,801.94 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 306.00 Total Additional Trust Fund Expenses 306.00 Interest Reserve Deposit 151,967.74 Payments to Certificateholders & Others: Interest Distribution 4,547,761.92 Principal Distribution 890,587.75 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 5,438,349.67 Total Funds Distributed 5,628,425.35

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 2,000,000 10 14,~~625~~604,~~945~~629.4238 1.59 ~~102~~101 6.3953 1.~~506768~~531527 2,000,001 to 3,000,000 28 70,~~835~~752,~~558~~454.7574 7.72 9695 6.3055 1.~~525427~~529138 3,000,001 to 4,000,000 21 71,~~592~~512,~~562~~927.5684 7.80 9594 6.1747 1.~~671292~~649576 4,000,001 to 5,000,000 11 49,~~140~~074,~~624~~684.9577 5.35 8685 6.~~3234~~3236 1.~~469498~~565993 5,000,001 to 6,000,000 9 49,~~198~~149,~~771~~270.3216 5.36 9695 5.9814 1.~~465378~~540520 6,000,001 to 7,000,000 9 57,~~679~~617,~~578~~498.1316 6.28 9695 6.0660 1.~~739153~~854178 7,000,001 to 8,000,000 6 44,~~941~~903,~~580~~188.7114 4.90 9695 5.8227 1.~~545242~~467901 8,000,001 to 9,000,000 5 43,~~149~~114,~~774~~445.6432 4.70 8281 5.6933 1.~~682180~~682255 9,000,001 to 10,000,000 7 68,~~445~~376,~~358~~711.1136 7.46 7978 5.8652 1.~~602345~~602348 10,000,001 to 15,000,000 11 131,~~663~~514,~~979~~760.7669 14.3534 8685 5.~~8114~~8113 1.~~479159~~479227 15,000,001 to 20,000,000 6 105,~~816~~714,~~084~~408.6871 11.53 8988 6.~~3274~~3275 1.~~511041~~510973 20,000,001 to 25,000,000 3 69,~~920~~896,~~346~~741.9008 7.62 8685 5.~~5275~~5274 1.~~636297~~636427 25,000,001 to 30,000,000 1 26,500,000.00 2.89 9897 6.3800 1.210000 30,000,001 to 35,000,000 1 30,~~680~~649,~~742~~780.9921 3.34 9493 5.9000 1.260000 35,000,001 to 40,000,000 1 35,~~814~~779,~~616~~170.3031 3.90 9796 5.4200 1.780000 40,000,001 and greater 1 47,~~823~~777,~~084~~351.9252 5.21 9594 6.1000 1.410000 Totals 130 ~~917~~916,~~828~~938,~~610~~022.1439 100.00 9190 5.9957 1.~~543891~~555523

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alabama 2 6,~~902~~893,~~103~~171.9507 0.75 9796 6.8000 2.076667 Arizona 3 19,~~989~~969,~~527~~816.9356 2.18 9796 5.8002 1.~~320338~~315454 California 21 223,~~197~~006,~~072~~558.2652 24.32 9190 6.~~0087~~0085 1.~~571920~~561021 Florida 18 115,~~930~~832,~~981~~799.1358 12.63 8079 5.~~8987~~8986 1.~~585201~~613228 Georgia 12 87,~~225~~130,~~603~~565.3414 9.50 9796 5.6436 1.~~656631~~677447 Idaho 1 2,~~878~~876,~~585~~432.5108 0.31 9392 7.1100 0.~~510000~~470000 Illinois 4 46,~~945~~898,~~735~~868.9077 5.11 9594 5.9234 1.~~430020~~406112 Indiana 1 1211,~~018~~999,~~075~~486.8669 1.31 9594 5.9000 1.880000 Kentucky 1 17,~~669~~643,~~325~~833.9471 1.9392 9695 6.2500 1.350000 Louisiana 2 6,~~222~~215,~~822~~597.4795 0.68 7978 5.~~8002~~8003 1.~~595106~~595114 Maryland 12 63,~~259~~170,~~848~~688.1034 6.89 9695 6.~~0167~~0168 1.~~780986~~866067 Massachusetts 2 8,~~071~~062,~~516~~110.4332 0.88 9695 5.9538 1.~~518695~~577456 Minnesota 2 6,~~273~~265,~~306~~933.1255 0.68 9695 6.3298 0.~~938621~~938556 Missouri 2 10,~~547~~537,~~921~~445.9564 1.15 8685 7.~~9606~~9608 2.~~117077~~140797 Nevada 4 33,~~947~~923,~~723~~519.1680 3.70 9695 5.~~9567~~9564 1.~~562627~~607316 New Jersey 3 13,~~911~~897,~~395~~867.0482 1.52 9695 5.9909 1.~~378517~~457501 New Mexico 1 3,~~910~~906,~~108~~328.4263 0.43 9796 6.0000 1.530000 New York 2 2,~~614~~610,~~136~~182.8739 0.28 6059 5.~~8498~~8491 1.~~387631~~387421 North Carolina 6 49,~~499~~465,~~656~~225.1331 5.39 9796 6.~~1760~~1761 1.~~368306~~376046 Ohio 2 4,~~656~~650,~~305~~816.4754 0.51 9493 7.4000 1.368542 Oklahoma 3 7,~~117~~105,~~363~~351.8724 0.7877 ~~109~~108 5.~~9579~~9578 1.~~517989~~517962 Oregon 1 3,~~087~~082,~~206~~482.0954 0.34 9695 5.9200 1.490000 Pennsylvania 2 23,~~664~~636,~~880~~910.6640 2.58 6968 5.7145 1.~~693207~~717320 South Carolina 1 6,~~988~~980,~~123~~372.5901 0.76 9796 5.4100 1.560000 Tennessee 2 7,~~447~~441,~~892~~185.3378 0.81 9594 6.3353 1.~~387416~~360593 Texas 7 41,~~234~~190,~~437~~219.8642 4.49 6867 5.~~9107~~9106 1.~~545397~~545420 Utah 2 17,~~462~~443,~~182~~591.5943 1.90 9796 5.5900 1.372346 Virginia 4 18,~~912~~893,~~461~~488.4304 2.06 9796 5.8506 1.~~545213~~537569 Washington 7 56,~~242~~207,~~309~~173.7008 6.13 9695 6.3518 1.~~235794~~236970 Totals 130 ~~917~~916,~~828~~938,~~610~~022.1439 100.00 9190 5.9957 1.~~543891~~555523

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 1011 6063,~~289~~892,~~311~~413.4757 6.5797 9997 6.~~4723~~5142 1.~~059634~~042851 1.20 to 1.24 5 4749,~~681~~195,~~847~~307.6886 5.2037 9796 6.~~1094~~1004 1.~~219461~~221539 1.25 to 1.29 9 7881,~~185~~373,~~114~~569.3219 8.5287 9695 5.~~9548~~9405 1.~~262857~~263813 1.30 to 1.34 53 3224,~~630~~191,~~807~~887.9858 32.5664 9395 65.~~1914~~7277 1.~~322609~~324699 1.35 to 1.39 109 9186,~~142~~463,~~515~~570.7926 9.9343 8587 5.~~8828~~8501 1.~~368317~~367481 1.40 to 1.44 1312 ~~127~~124,~~752~~892,~~472~~896.7363 13.9262 9694 6.~~0542~~1626 1.~~418193~~417810 1.45 to 1.49 9 5150,~~763~~529,~~863~~748.9874 5.6451 9490 5.~~9524~~7824 1.~~460778~~457898 1.50 to 1.54 87 3632,~~920~~211,~~959~~285.7592 43.0251 9695 5.~~9350~~9187 1.~~523999~~530968 1.55 to 1.59 911 3645,~~780~~251,~~972~~108.0216 4.0194 9695 5.~~8971~~9147 1.~~568323~~569768 1.60 to 1.64 129 5638,~~639~~823,~~952~~432.2730 64.1723 7259 56.~~9940~~0272 1.~~615283~~617027 1.65 to 1.69 42 2210,~~729~~807,~~291~~364.4759 21.4818 8077 6.~~0834~~3633 1.~~668263~~652083 1.70 to 1.74 911 8699,~~755~~204,~~638~~389.6748 910.45 82 80 6.~~0808~~0602 1.~~721112~~719811 1.75 to 1.79 36 4550,~~643~~884,~~309~~014.1822 45.9755 9795 5.~~5658~~6586 1.~~782153~~779269 1.80 to 1.84 35 824,~~273~~947,~~351~~198.9962 02.9072 9695 6.~~8635~~1727 1.~~805588~~820015 1.85 to 1.89 6 5048,~~043~~171,~~091~~449.4217 5.4525 8483 5.~~6479~~6806 1.~~869834~~870559 1.90 to 1.94 10 ~~2,834,828~~0.5000 0.3100 970 60.0000 10.~~910000~~000000 1.95 to 1.99 0 0.00 0.00 0 0.0000 0.000000 2.00 to 2.09 4 23,~~871~~854,~~017~~972.7197 2.60 7574 5.~~8895~~8893 2.~~042429~~042430 2.10 to 2.24 64 4433,~~153~~444,~~724~~327.4539 43.8165 9796 5.~~6561~~4139 2.~~189261~~204407 2.25 to 2.49 1 3 11,~~106~~400,~~432~~591.1492 01.3424 9796 6.~~8000~~5259 2.~~380000~~362423 2.50 or greater 34 1017,~~630~~398,~~106~~493.6282 1.1690 95 6.~~8601~~7782 2.~~901226~~799387 Totals 130 ~~917~~916,~~828~~938,~~610~~022.1439 100.00 9190 5.9957 1.~~543891~~555523

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 8 41,~~294~~251,~~746~~741.1402 4.50 7069 5.~~9357~~9356 1.~~504670~~510059 Lodging 11 57,~~585~~514,~~884~~882.8009 6.27 9594 7.~~1234~~1235 12.~~927766~~047103 Mixed Use 3 45,~~384~~339,~~485~~274.3054 4.94 9594 5.9292 1.~~483614~~483620 Mobile Home Park 6 27,~~118~~109,~~710~~138.8356 2.9596 5554 5.~~5414~~5412 1.~~811460~~810317 Multi-Family 32 280,~~876~~683,~~678~~929.3436 30.6061 9392 5.7952 1.~~451593~~455696 Office 19 ~~127~~126,~~157~~996,~~245~~982.1408 13.85 8079 5.8367 1.~~594109~~606225 Retail 45 ~~319~~318,~~099~~755,~~223~~288.5062 34.7776 9796 6.0848 1.~~504795~~505092 Self Storage 6 19,~~311~~286,~~636~~786.0710 2.10 9796 6.0482 1.~~906771~~950173 Totals 130 ~~917~~916,~~828~~938,~~610~~022.1439 100.00 9190 5.9957 1.~~543891~~555523

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 4.999% or less 0 0.00 0.00 0 0.0000 0.000000 5.000% to 5.249% 1 25,000,000.00 2.7273 9796 5.1200 2.210000 5.250% to 5.499% 10 105,~~356~~277,~~357~~090.3443 11.48 8685 5.3926 1.~~727981~~728042 5.500% to 5.749% 18 170,~~261~~080,~~700~~200.0170 18.55 8685 5.6481 1.~~481331~~490280 5.750% to 5.999% 28 195,~~660~~456,~~084~~333.6332 21.32 8887 5.9008 1.~~563828~~565003 6.000% to 6.249% 39 ~~227~~226,~~128~~882,~~659~~367.3411 24.7574 9594 6.0733 1.~~482294~~500638 6.250% to 6.499% 11 73,~~977~~919,~~557~~300.9604 8.06 9998 6.3102 1.~~297166~~290260 6.500% to 6.749% 6 45,~~161~~134,~~617~~106.78 4.92 8887 6.5814 1.~~402149~~420436 6.750% to 6.999% 6 29,~~724~~686,~~928~~023.7982 3.24 9594 6.8196 1.~~645567~~758012 7.000% to 7.249% 2 4,~~955~~947,~~014~~524.5453 0.54 9291 7.1184 0.~~966771~~943031 7.250% to 7.499% 6 33,~~208~~168,~~587~~370.2113 3.62 9594 7.4007 1.860063 7.500% to 8.249% 1 2,~~254~~251,~~705~~547.3585 0.25 5756 8.2000 1.~~460000~~660000 8.250% to 8.749% 1 ~~945~~944,~~392~~138.1483 0.10 5756 8.5000 1.~~257022~~780000 8.750% or greater 1 4,~~194~~191,~~005~~018.0585 0.46 7372 8.8100 1.~~340000~~400000 Totals 130 ~~917~~916,~~828~~938,~~610~~022.1439 100.00 9190 5.9957 1.~~543891~~555523

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less 0 0.00 0.00 0 0.0000 0.000000 13 to 24 months 9765 ~~668~~458,~~540~~784,~~803~~395.0373 7250.8403 91 5.~~8343~~8037 1.~~581314~~637426 25 to 36 months 2961 ~~241~~450,~~424~~299,~~765~~605.7533 2649.3011 9188 6.~~3607~~1474 1.~~445058~~472195 37 to 48 months 1 4,~~194~~191,~~005~~018.0585 0.46 7372 8.8100 1.~~340000~~400000 49 months and greater 3 3,~~669~~663,~~036~~002.3148 0.40 7170 8.~~1814~~1816 1.~~461379~~718997 Totals 130 ~~917~~916,~~828~~938,~~610~~022.1439 100.00 9190 5.9957 1.~~543891~~555523

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 1214 85109,~~363~~886,~~758~~342.5491 911.3098 4346 5.~~8300~~7910 1.~~698391~~647038 61 to 84 months 42 3712,~~362~~746,~~462~~835.8259 41.0739 6879 6.~~0616~~8434 1.~~457279~~567803 85 to 108 months 110 ~~786~~785,~~139~~375,~~200~~864.7826 85.65 9695 6.0089 1.~~534771~~546606 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 168 months 0 0.00 0.00 0 0.0000 0.000000 169 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 126 908,~~865~~009,~~422~~042.1476 99.0203 9089 5.~~9943~~9942 1.~~546953~~559058

Remaining Stated Term (Fully Amortizing Loans) Remaining Stated # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 120 months or less 0 0.00 0.00 0 0.0000 0.000000 121 to 192 months 34 68,~~858~~928,~~869~~979.9863 0.7597 ~~158~~165 6.~~0991~~1417 1.~~219087~~196072 193 to 264 months 10 ~~2,104,318~~0.0200 0.2300 ~~193~~0 60.~~2800~~0000 10.~~280000~~000000 265 to 336 months 0 0.00 0.00 0 0.0000 0.000000 337 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 4 8,~~963~~928,~~188~~979.0063 0.9897 ~~166~~165 6.~~1416~~1417 1.~~233387~~196072

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 9 131,~~860~~857,~~000~~782.0096 14.3738 8281 5.7787 1.~~621635~~617808 120 months or less 0 0.00 0.00 0 0.0000 0.000000 121 to 192 months 0 0.00 0.00 0 0.0000 0.000000 193 to 264 months 4 20,~~244~~197,~~081~~360.7227 2.2120 9089 6.~~2633~~2636 1.~~390945~~437687 265 to 336 months ~~111~~113 ~~706~~755,~~691~~953,~~351~~899.3853 7782.0044 9190 6.~~0659~~0246 1.~~531869~~552053 337 months or greater 20 ~~50,069,989~~0.0400 50.4600 970 50.~~4428~~0000 10.~~626257~~000000 Totals 126 908,~~865~~009,~~422~~042.1476 99.0203 9089 5.~~9943~~9942 1.~~546953~~559058

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 32 1615,~~468~~507,~~741~~804.7180 1.7969 9495 65.~~0205~~8695 1.~~349880~~355535 1 year or less ~~126~~82 ~~900~~484,~~186~~111,~~892~~027.4062 9852.0880 9190 56.~~9953~~1722 1.~~547849~~542451 1 to 2 years 146 1417,~~172~~319,~~976~~189.0397 045.1351 9789 5.~~9900~~7957 1.~~230000~~578120 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 130 ~~917~~916,~~828~~938,~~610~~022.1439 100.00 9190 5.9957 1.~~543891~~555523 (1) The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. "NAP" means not applicable and relates to the ommission of credit lease loans in the calculation of DSCR. (2) Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date Balance of the related mortgage loan as disclosed in the offering document.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type (1) City State Payment Payment Coupon 502737617 1 RT Chino CA ~~243~~251,~~372~~204.9704 5345,~~564~~733.4740 6.100% 502753516 2 RT McDonough GA ~~161~~167,~~946~~154.3177 4035,~~654~~445.4599 5.420% 502746711 3 MU Highland Park IL ~~151~~155,~~023~~875.0822 3530,~~814~~962.9278 5.900% 502754321 4 MF Liberty Lake WA ~~140~~145,~~891~~588.6706 0.00 6.380% 502755016 5 MF Stockton CA ~~106~~110,~~666~~222.6722 0.00 5.120% 502745113 6 MF Tampa FL ~~114~~117,~~307~~980.1700 2723,~~278~~605.6582 5.850% 502753714 7 MF San Diego CA ~~101~~104,~~229~~603.1747 0.00 5.650% 502742421 8 LO La Jolla CA ~~117~~121,~~709~~465.2071 2622,~~226~~470.8332 7.400% 502743311 9 MF Cary NC ~~104~~107,~~500~~983.0033 0.00 6.600% 410100012 10 RT Elizabethtown KY 9295,~~175~~095.7233 2825,~~411~~492.8423 6.250% 582000011 11 OF Scranton PA 8183,~~104~~690.9887 2421,~~344~~759.9708 5.610% 502760002 12 RT Las Vegas NV 8891,~~666~~522.1619 1815,~~638~~782.4037 6.200% 310100022 13 RT Poway CA 7476,~~404~~793.6352 1816,~~560~~171.8697 5.710% 310100033 14 OF Rockville MD 7173,~~406~~594.9664 3936,~~161~~974.7406 5.710% 502744001 15 MF Scottsdale AZ 6567,~~414~~515.6503 1614,~~914~~814.7638 5.500% 310100001 16 MF Hammond IN 5961,~~189~~058.4650 2018,~~458~~589.2117 5.900% 682000017 17 IN Fort Myers FL 6163,~~818~~808.5261 1311,~~404~~414.9586 6.110% 582000018 18 RT Puyallup WA 6668,~~710~~829.1467 1715,~~655~~536.8027 6.850% 502750923 19 MF San Antonio TX 5456,~~684~~439.6633 1412,~~006~~251.4073 5.650% 582000020 20 MF Riverton UT 5354,~~233~~941.9873 1312,~~859~~151.5176 5.590% 502743019 21 RT Emeryville CA 5658,~~516~~333.4681 1211,~~877~~060.3904 6.000% 682000022 22 OF Burbank CA 5456,~~517~~241.3917 1816,~~150~~426.5880 5.980% 502755612 23 MF Las Vegas NV 4850,~~583~~202.3378 0.00 5.300% 310100041 24 MH Fort Lauderdale FL 4647,~~366~~912.6722 0.00 5.350% 502751708 25 MF Gulf Breeze FL 4849,~~342~~894.2096 1110,~~741~~188.3155 5.800% 682000026 26 MU Annapolis MD 4951,~~824~~427.6234 119,~~263~~661.9725 5.990% 310100007 27 OF Houston TX 4850,~~985~~560.9668 119,~~406~~832.7907 5.920% 310100034 28 RT Corona CA 4647,~~000~~477.9326 1110,~~722~~246.6532 5.650% 582000029 29 RT Orting WA 4850,~~801~~370.3081 119,~~089~~519.4897 5.990% 310100030 30 OF Fairfax VA 4647,~~409~~899.8996 1110,~~577~~087.3326 5.710% 502742510 31 IN El Paso TX 4648,~~558~~055.6681 109,~~608~~111.4833 6.000% 310100021 32 OF Aurora IL 4344,~~316~~707.0069 109,~~430~~038.1950 5.810% 502751009 33 OF San Diego CA 4344,~~263~~654.3685 98,~~796~~405.8637 6.000% 582000034 34 OF Durham NC 4243,~~014~~364.1235 98,~~921~~571.3714 5.880% 310100024 35 MF Decatur GA 3739,~~981~~198.5651 109,~~531~~314.2631 5.415% 310100040 36 MH Fort Lauderdale FL 3839,~~341~~619.6772 0.00 5.350% 310100032 37 OF Silver Spirng MD 3738,~~202~~396.3276 98,~~280~~085.4298 5.710% 310100025 38 MF College Park GA 3435,~~401~~503.3962 98,~~538~~436.5734 5.415% 502750015 39 RT Bermuda Run NC 3839,~~189~~417.0837 87,~~647~~419.8152 6.000% 582000040 40 RT Hayward CA 4142,~~326~~659.5648 76,~~974~~641.7583 6.500% 310100027 41 MF Jonesboro GA 3132,~~842~~863.8612 87,~~829~~808.1690 5.415% 502752321 42 RT San Clemente CA 3536,~~317~~495.8309 0.00 5.870% 682000043 43 MF Sumter SC 3132,~~544~~554.2995 87,~~762~~751.2458 5.410% 502758020 44 LO Salisbury MD 3738,~~685~~882.2075 109,~~237~~039.5095 6.650% 502732004 45 RT Fuquay - Varina NC 3133,~~987~~016.5403 76,~~370~~342.8839 5.950% 502742430 46 LO St. Louis MO 3940,~~236~~488.4057 87,~~742~~490.2811 7.400% 502744604 47 RT Lakeland FL 3233,~~622~~673.9241 65,~~976~~926.9142 6.150% 502745010 48 RT Lebanon PA 3132,~~738~~759.9960 76,~~231~~211.7918 6.000% 502747902 49 RT Covington GA 3132,~~641~~658.3480 76,~~209~~192.5307 6.000% 582000050 50 MF Logan UT 2829,~~209~~114.4642 76,~~344~~439.3640 5.590% 310100028 51 MF Decatur GA 2728,~~267~~141.4612 76,~~560~~686.5387 5.415% 502752705 52 RT North Port FL 2829,~~468~~383.8603 76,~~051~~137.6245 5.730% 310100031 53 OF Gaithersburg MD 2728,~~641~~528.3279 6,~~895~~007.3689 5.710% 502748510 54 MF Greenville NC 2728,~~214~~088.5808 6,~~898~~024.3080 5.665% 502748213 55 RT Edison NJ 2829,~~399~~313.3607 65,~~320~~406.1342 6.050% 502754316 56 MF Hoboken NJ 2627,~~979~~846.3271 65,~~272~~404.1778 5.910% 502745411 57 MF Victorville CA 28,~~019~~922.2905 54,~~809~~906.3963 6.240% 582000058 58 RT Goleta CA 2423,~~025~~926.6335 19,~~854~~954.9321 6.000% 310100008 59 OF North Adams MA 2526,~~309~~115.1365 76,~~170~~364.5806 6.010% 502739621 60 RT Clarksville TN 27,~~027~~899.9719 54,~~413~~542.2604 6.375% 502744614 61 RT Bakersfield CA 2627,~~458~~310.1820 54,~~559~~707.1109 6.250% 582000062 62 SS Reno NV 2425,~~703~~485.7148 7,~~949~~167.4568 6.090% 682000063 63 MU Baltimore MD 2324,~~654~~415.4838 54,~~347~~586.6373 5.990% 502749325 64 IN Orlando FL 22,~~070~~778.2499 54,~~417~~708.4368 5.770% 582000065 65 MF Largo FL 2425,~~854~~655.2658 4,~~852~~051.9462 6.500% 310100036 66 LO Lakeland FL 2425,~~956~~750.1606 65,~~485~~691.3141 6.800% 502748502 67 IN Orlando FL 2021,~~377~~031.9242 54,~~370~~717.5707 5.570% 502748709 68 IN San Diego CA 21,~~265~~948.0499 4,~~815~~131.4146 6.000% 502744302 69 RT Anaheim CA 22,~~002~~711.2305 43,~~569~~861.8200 6.250% 582000070 70 RT Independence MO 3031,~~820~~817.2335 32,~~983~~986.3220 8.810% 582000071 71 RT Riverside CA 2021,~~598~~260.0432 4,~~746~~084.4012 5.950% 502754319 72 MF Albuquerque NM 1920,~~572~~202.5923 43,~~409~~779.4379 6.000% 502753401 73 SS Lake Mary FL 1920,~~572~~202.5923 43,~~409~~779.4379 6.000% 502751306 74 RT Franklin Park IL 1920,~~800~~437.0710 43,~~388~~751.0704 6.080% 310100037 75 LO Montgomery AL 2122,~~760~~453.8914 54,~~654~~962.9671 6.800% 502743602 76 RT Tucson AZ 21,~~117~~800.9905 3,~~789~~107.7468 6.700% 310100039 77 LO Tallahassee FL 2021,~~714~~373.1612 54,~~382~~723.9599 6.800% 502745007 78 MF Norfolk VA 18,~~087~~669.5026 43,~~095~~514.8711 6.000% 502753403 79 SS Altamonte Springs FL 17,~~370~~929.6748 3,~~913~~354.3756 6.000% 310100026 80 MF College Park GA 1516,~~588~~088.9543 43,~~322~~822.4092 5.415% 502751502 81 RT Des Plaines IL 1718,~~859~~435.8329 3,~~690~~114.2781 6.250% 310100006 82 MF Minneapolis MN 18,~~379~~962.1033 54,~~253~~669.1592 6.500% 682000083 83 RT Ontario CA 17,~~383~~943.7815 3,~~826~~266.0467 6.100% 502751771 84 RT Virginia Beach VA 1516,~~780~~288.4005 3,~~555~~047.1045 6.000% 502747407 85 RT Wichita Falls TX 1516,~~941~~446.9028 54,~~100~~596.8547 6.150% 310100038 86 LO Savannah GA 1718,~~629~~189.0889 4,~~581~~020.2342 6.800% 410100011 87 IN Harahan LA 1415,~~766~~235.2181 4,~~606~~136.2060 5.700% 310100009 88 MH Eugene OR 15,~~255~~737.9089 54,~~205~~723.5455 5.920% 582000089 89 RT Shreveport LA 15,~~351~~845.4800 3,~~581~~087.4492 5.900% 310100035 90 LO Huntsville AL 17,~~408~~962.7151 43,~~523~~970.9717 6.800% 582000091 91 IN Altamonte Springs FL 1415,~~727~~200.4944 3,~~635~~162.0510 5.740% 582000092 92 RT Weymouth MA 1415,~~790~~265.6592 3,~~517~~042.3205 5.860% 502742420 93 LO Miamisburg OH 18,~~270~~853.3846 43,~~070~~487.8476 7.400% 682000094 94 OF Lutherville MD 1415,~~703~~176.1511 32,~~323~~851.9701 5.990% 310100013 95 OF Monterey CA 15,~~445~~943.9776 32,~~142~~644.7798 6.310% 582000096 96 RT Bartlesville OK 14,~~145~~600.9724 3,~~456~~002.6336 5.800% 310100018 97 OF Nassau Bay TX 1415,~~842~~320.7653 32,~~224~~746.0427 6.120% 582000098 98 MF St. Cloud MN 1415,~~756~~231.3041 32,~~177~~702.7665 6.130% 582000099 99 MF Chubbuck ID 17,~~071~~624.6514 2,~~705~~153.9243 7.110% 502740410 100 SS Santa Clarita CA 14,~~505~~964.7674 4,~~627~~168.1719 6.160% 582000101 101 RT Kennesaw GA 14,~~190~~646.1361 32,~~196~~740.8436 6.000% 502750208 102 RT Toms River NJ 14,~~151~~606.3762 32,~~171~~716.2702 6.030% 502742414 103 LO Atlanta GA 16,~~473~~999.3002 3,~~670~~144.4270 7.400% 310100010 104 MF Irving TX 1314,~~916~~357.5001 43,~~309~~868.4998 6.300% 502746701 105 RT Miami FL 13,~~125~~547.2935 2,~~990~~568.6357 6.000% 310100017 106 OF Tulsa OK 13,~~199~~623.0588 2,~~876~~452.9310 6.110% 502750309 107 MF Spokane WA 13,~~090~~526.0033 02,217.0004 5.950% 682000108 108 OF Lutherville MD 12,~~211~~604.9274 2,~~760~~367.7795 5.990% 502746826 109 MF Virginia Beach VA 12,~~037~~424.1437 2,~~711~~324.8057 6.000% 502747320 110 RT Knoxville TN 12,~~334~~732.6300 2,~~561~~164.8851 6.250% 582000111 111 MF Spokane WA 11,~~200~~554.7773 3,~~811~~457.3034 5.910% 582000112 112 RT Phoenix MD 15,~~432~~920.0772 3,~~646~~157.1550 8.200% 502744605 113 RT Largo FL 1112,~~639~~014.9690 2,~~446~~071.8389 6.200% 582000114 114 SS Everett WA 11,~~345~~704.5059 3,~~628~~269.4839 6.110% 502739403 115 RT Duluth GA 12,~~371~~748.4070 5,~~713~~336.8858 7.130% 582000116 116 RT Wilson NC 11,~~046~~379.1368 6,~~406~~072.5297 6.280% 310100020 117 MH Lakeland FL 1011,~~764~~111.9323 2,~~425~~078.0777 6.000% 582000118 118 OF New Windsor NY 910,~~844~~159.2990 2,~~647~~331.0746 5.500% 682000119 119 OF Owings Mills MD 10,~~610~~951.1892 21,~~238~~896.0430 6.190% 502751313 120 SS Landover Hills MD 910,~~976~~291.7389 3,~~425~~110.5236 5.900% 410100004 121 RT Mesa AZ 10,~~196~~525.5503 21,~~117~~789.7931 6.250% 502750605 122 RT Decatur GA 9,~~405~~706.6968 2,~~389~~088.7374 6.090% 310100003 123 MF Dallas TX 8,~~422~~692.2972 21,~~082~~811.0259 5.750% 310100002 124 MH Santa Maria CA 8,~~691~~971.8957 1,~~913~~633.0234 6.100% 582000125 125 RT Tulsa OK 8,~~057~~290.2675 6,~~791~~558.6617 6.000% 502742418 126 LO Columbus OH 10,~~483~~817.0156 2,~~335~~001.7217 7.400% 682000127 127 OF Owings Mills MD 7,~~327~~562.1584 1,~~656~~420.4778 5.990% 310100044 128 MH Spokane WA 56,~~861~~050.7228 1,~~325~~136.1761 5.990% 582000129 129 RT Las Vegas NV 6,~~706~~919.9175 1,~~466~~253.1531 8.500% 582000130 130 IN Commack NY 2,~~921~~911.3433 1,~~613~~623.0102 7.450% Totals 4,~~590~~737,~~976~~837.7968 1890,~~014,065~~587.3975

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 502737617 N/A 11/11/2012 N 47,~~876~~823,~~649~~084.3992 47,~~823~~777,~~084~~351.9252 1101/11/~~2004~~2005 502753516 N/A 01/11/2013 N 35,~~855~~814,~~270~~616.7530 35,~~814~~779,~~616~~170.3031 1201/11/~~2004~~2005 502746711 N/A 10/11/2012 N 30,~~716~~680,~~557~~742.9199 30,~~680~~649,~~742~~780.9921 1101/11/~~2004~~2005 502754321 N/A 02/11/2013 N 26,500,000.00 26,500,000.00 1101/11/~~2004~~2005 502755016 N/A 01/11/2013 N 25,000,000.00 25,000,000.00 1101/11/~~2004~~2005 502745113 N/A 12/11/2012 N 23,~~447~~420,~~625~~346.5590 23,~~420~~396,~~346~~741.9008 1101/11/~~2004~~2005 502753714 N/A 01/11/2010 N 21,500,000.00 21,500,000.00 1201/11/~~2004~~2005 502742421 N/A 10/11/2012 N 19,~~087~~061,~~977~~750.7895 19,~~061~~039,~~750~~280.9563 1101/11/~~2004~~2005 502743311 N/A 08/01/2012 N 19,000,000.00 19,000,000.00 1201/01/~~2004~~2005 410100012 N/A 12/11/2012 N 17,~~697~~669,~~737~~325.7894 17,~~669~~643,~~325~~833.9471 1101/11/~~2004~~2005 582000011 12/11/2009 12/11/2030 N 17,~~348~~324,~~658~~313.6265 17,~~324~~302,~~313~~554.6557 1201/11/~~2004~~2005 502760002 01/11/2013 01/11/2033 N 17,~~161~~142,~~193~~554.0161 17,~~142~~126,~~554~~772.6124 1201/11/~~2004~~2005 310100022 N/A 01/11/2013 N 15,~~636~~618,~~700~~139.3953 15,~~618~~601,~~139~~967.5356 1201/11/~~2004~~2005 310100033 01/11/2013 01/11/2023 N 1514,~~006~~967,~~716~~555.9420 14,~~967~~930,~~555~~581.2014 1101/11/~~2004~~2005 502744001 N/A 01/11/2013 N 14,~~272~~255,~~287~~372.5074 14,~~255~~240,~~372~~558.7436 1101/11/~~2004~~2005 310100001 N/A 11/11/2012 N 12,~~038~~018,~~534~~075.0786 1211,~~018~~999,~~075~~486.8669 1201/11/~~2004~~2005 682000017 N/A 01/11/2013 N 12,~~141~~127,~~117~~712.3843 12,~~127~~116,~~712~~297.4357 12/11/2004 582000018 N/A 08/01/2012 N 11,~~686~~668,~~447~~791.6888 11,~~668~~653,~~791~~255.8861 1201/01/~~2004~~2005 502750923 N/A 12/11/2012 N 11,~~614~~600,~~440~~434.4101 11,~~600~~588,~~434~~182.0128 1201/11/~~2004~~2005 582000020 N/A 01/11/2013 N 11,~~427~~413,~~688~~828.4190 11,~~413~~401,~~828~~677.9014 1101/11/~~2004~~2005 502743019 11/11/2012 11/11/2032 N 11,~~303~~290,~~292~~415.6223 11,~~290~~279,~~415~~355.2319 1201/11/~~2004~~2005 682000022 N/A 01/01/2008 N 10,~~939~~921,~~944~~793.0951 10,~~921~~905,~~793~~366.5171 1201/01/~~2004~~2005 502755612 N/A 12/11/2012 N 11,000,000.00 11,000,000.00 1201/11/~~2004~~2005 310100041 N/A 01/11/2008 N 10,400,000.00 10,400,000.00 1101/11/~~2004~~2005 502751708 N/A 12/11/2012 N 109,~~001~~990,~~834~~092.1584 9,~~990~~979,~~092~~904.8429 1101/11/~~2004~~2005 682000026 N/A 01/01/2013 N 9,~~981~~970,~~559~~295.6265 9,~~970~~960,~~295~~634.6540 1201/01/~~2004~~2005 310100007 N/A 12/11/2007 N 9,~~929~~918,~~586~~180.9819 9,~~918~~908,~~180~~348.19 12 01/11/~~2004~~2005 310100034 N/A 01/11/2013 N 9,~~770~~758,~~108~~385.0035 9,~~758~~748,~~385~~139.3503 1101/11/~~2004~~2005 582000029 N/A 12/11/2012 N 9,~~776~~765,~~555~~465.0052 9,~~765~~755,~~465~~945.5255 1201/11/~~2004~~2005 310100030 01/11/2013 01/11/2033 N 9,~~753~~741,~~391~~814.9663 9,~~741~~731,~~814~~727.6337 1101/11/~~2004~~2005 502742510 N/A 11/11/2007 N 9,~~311~~301,~~732~~123.4193 9,~~301~~292,~~123~~012.9360 1201/11/~~2004~~2005 310100021 N/A 01/11/2013 N 8,~~946~~936,~~506~~076.9374 8,~~936~~927,~~076~~038.7424 1101/11/~~2004~~2005 502751009 N/A 12/11/2012 N 8,~~652~~642,~~671~~874.2236 8,~~642~~634,~~874~~468.3699 1101/11/~~2004~~2005 582000034 12/11/2011 12/11/2032 N 8,~~574~~564,~~309~~387.2588 8,~~564~~555,~~387~~816.8874 1201/11/~~2004~~2005 310100024 N/A 01/11/2013 N 8,~~416~~406,~~966~~435.9266 8,~~406~~397,~~435~~121.6635 1101/11/~~2004~~2005 310100040 N/A 01/11/2008 N 8,600,000.00 8,600,000.00 1101/11/~~2004~~2005 310100032 01/11/2013 01/11/2033 N 7,~~818~~809,~~350~~069.3290 7,~~809~~800,~~069~~983.9092 1101/11/~~2004~~2005 310100025 N/A 01/11/2013 N 7,~~623~~614,~~576~~037.2871 7,~~614~~605,~~037~~601.7137 1101/11/~~2004~~2005 502750015 N/A 12/11/2012 N 7,~~637~~629,~~815~~167.4564 7,~~629~~621,~~167~~748.6412 1101/11/~~2004~~2005 582000040 N/A 10/11/2012 N 7,~~629~~621,~~519~~544.4267 7,~~621~~614,~~544~~902.6784 1201/11/~~2004~~2005 310100027 N/A 01/11/2013 N 7,~~056~~047,~~589~~760.9579 7,~~047~~039,~~760~~951.7989 1101/11/~~2004~~2005 502752321 N/A 01/11/2013 N 7,220,000.00 7,220,000.00 1101/11/~~2004~~2005 682000043 N/A 01/11/2013 N 6,~~996~~988,~~885~~123.8359 6,~~988~~980,~~123~~372.5901 1101/11/~~2004~~2005 502758020 N/A 01/11/2013 N 6,~~800~~790,~~337~~099.0151 6,~~790~~781,~~099~~059.5156 1101/11/~~2004~~2005 502732004 N/A 12/01/2012 N 6,~~451~~443,~~269~~898.4254 6,~~443~~437,~~898~~556.5415 1201/01/~~2004~~2005 502742430 N/A 10/11/2012 N 6,~~362~~353,~~659~~916.1890 6,~~353~~346,~~916~~426.9079 1101/11/~~2004~~2005 502744604 N/A 01/11/2013 N 6,~~365~~358,~~448~~471.5160 6,~~358~~352,~~471~~545.6018 1101/11/~~2004~~2005 502745010 N/A 11/11/2012 N 6,~~347~~340,~~798~~567.8001 6,~~340~~334,~~567~~355.0183 1201/11/~~2004~~2005 502747902 N/A 11/11/2012 N 6,~~328~~321,~~267~~057.1057 6,~~321~~314,~~057~~865.5750 1101/11/~~2004~~2005 582000050 N/A 01/11/2013 N 6,~~055~~048,~~698~~353.0569 6,~~048~~041,~~353~~914.6929 1101/11/~~2004~~2005 310100028 N/A 01/11/2013 N 6,~~042~~035,~~650~~089.2572 6,~~035~~028,~~089~~402.7285 1101/11/~~2004~~2005 502752705 N/A 01/11/2013 N 5,~~962~~955,~~064~~012.3472 5,~~955~~948,~~012~~875.7227 1201/11/~~2004~~2005 310100031 01/11/2013 01/11/2033 N 5,~~809~~802,~~034~~138.2084 5,~~802~~796,~~138~~130.8495 1101/11/~~2004~~2005 502748510 N/A 01/11/2013 N 5,~~764~~757,~~782~~884.3505 5,~~757~~751,~~884~~859.0525 1101/11/~~2004~~2005 502748213 N/A 12/11/2012 N 5,~~632~~626,~~930~~609.0188 5,~~626~~621,~~609~~203.8846 1101/11/~~2004~~2005 502754316 N/A 01/11/2013 N 5,~~478~~471,~~035~~762.1699 5,~~471~~466,~~762~~358.9921 1201/11/~~2004~~2005 502745411 N/A 01/01/2013 N 5,~~388~~382,~~324~~515.4607 5,~~382~~377,~~515~~608.0744 1201/01/~~2004~~2005 582000058 N/A 02/11/2018 N 4,~~805~~785,~~125~~270.5360 4,~~785~~765,~~270~~316.6039 1201/11/~~2004~~2005 310100008 N/A 12/11/2012 N 5,~~053~~046,~~402~~232.9840 5,~~046~~039,~~232~~868.4034 1101/11/~~2004~~2005 502739621 N/A 11/01/2012 N 5,~~087~~082,~~617~~204.7852 5,~~082~~077,~~204~~662.5248 1201/01/~~2004~~2005 502744614 N/A 10/01/2012 N 5,~~079~~074,~~969~~410.9685 5,~~074~~069,~~410~~703.8576 1201/01/~~2004~~2005 582000062 N/A 01/11/2013 N 4,~~867~~859,~~725~~776.8641 4,~~859~~852,~~776~~608.4173 1101/11/~~2004~~2005 682000063 N/A 01/01/2013 N 4,~~738~~733,~~794~~446.2966 4,~~733~~728,~~446~~859.6693 1201/01/~~2004~~2005 502749325 N/A 12/11/2009 N 4,~~589~~584,~~997~~579.2178 4,~~584,~~579,871.7810 1101/11/~~2004~~2005 582000065 N/A 08/01/2007 N 4,~~588~~583,~~479~~626.3440 4,~~583~~579,~~626~~574.4078 1201/01/~~2004~~2005 310100036 N/A 01/11/2013 N 4,~~404~~397,~~028~~542.2998 4,~~397~~391,~~542~~851.9857 1201/11/~~2004~~2005 502748502 N/A 12/11/2007 N 4,~~390~~384,~~216~~845.1154 4,~~384~~380,~~845~~128.5447 1101/11/~~2004~~2005 502748709 N/A 12/11/2012 N 4,~~253~~248,~~007~~192.8443 4,~~248~~244,~~192~~060.4397 1101/11/~~2004~~2005 502744302 12/11/2012 12/11/2032 N 4,~~224~~219,~~428~~859.8402 4,~~219~~215,~~859~~998.02 1101/11/~~2004~~2005 582000070 N/A 01/01/2011 N 4,~~197~~194,~~988~~005.3705 4,~~194~~191,~~005~~018.0585 1201/01/~~2004~~2005 582000071 12/01/2012 12/01/2032 N 4,~~154~~149,~~226~~480.4808 4,~~149~~145,~~480~~395.0896 1201/01/~~2004~~2005 502754319 N/A 01/11/2013 N 3,~~914~~910,~~517~~108.8542 3,~~910~~906,~~108~~328.4263 1101/11/~~2004~~2005 502753401 N/A 01/11/2013 N 3,~~914~~910,~~517~~108.8542 3,~~910~~906,~~108~~328.4263 1101/11/~~2004~~2005 502751306 11/11/2012 11/11/2032 N 3,~~907~~903,~~908~~519.0194 3,~~903~~899,~~519~~768.9490 1101/11/~~2004~~2005 310100037 N/A 01/11/2013 N 3,~~840~~834,~~157~~502.1620 3,~~834~~829,~~502~~539.2049 1201/11/~~2004~~2005 502743602 11/11/2012 11/11/2032 N 3,~~782~~778,~~325~~536.8410 3,~~778~~775,~~536~~428.1042 1101/11/~~2004~~2005 310100039 N/A 01/11/2013 N 3,~~655~~650,~~440~~057.7883 3,~~650~~645,~~057~~333.8384 1201/11/~~2004~~2005 502745007 N/A 12/11/2012 N 3,~~617~~613,~~500~~405.9306 3,~~613~~609,~~405~~890.0695 1201/11/~~2004~~2005 502753403 N/A 01/11/2013 N 3,~~474~~470,~~134~~221.6528 3,~~470~~466,~~221~~866.2872 1101/11/~~2004~~2005 310100026 N/A 01/11/2013 N 3,~~454~~450,~~615~~293.9757 3,~~450~~446,~~293~~470.5765 1101/11/~~2004~~2005 502751502 N/A 01/11/2013 N 3,~~429~~425,~~086~~396.5023 3,~~425~~422,~~396~~281.2342 1201/11/~~2004~~2005 310100006 N/A 12/11/2012 N 3,~~393~~387,~~064~~811.2510 3,~~387~~383,~~811~~141.1018 1101/11/~~2004~~2005 682000083 N/A 11/01/2012 N 3,~~419~~415,~~760~~934.6359 3,~~415~~412,~~934~~667.5992 1201/01/~~2004~~2005 502751771 01/11/2013 01/11/2033 N 3,~~156~~152,~~080~~525.1000 3,~~152~~149,~~525~~477.0055 1101/11/~~2004~~2005 502747407 11/11/2012 11/11/2027 N 3,~~110~~105,~~613~~513.8601 3,~~105~~100,~~513~~916.0154 1201/11/~~2004~~2005 310100038 N/A 01/11/2013 N 3,~~111~~106,~~013~~432.3714 3,~~106~~102,~~432~~411.1472 1201/11/~~2004~~2005 410100011 N/A 01/11/2010 N 3,~~108~~104,~~676~~069.0989 3,~~104~~099,~~069~~933.8929 1101/11/~~2004~~2005 310100009 N/A 12/11/2012 N 3,~~092~~087,~~411~~206.6309 3,~~087~~082,~~206~~482.0954 1201/11/~~2004~~2005 582000089 01/11/2013 01/11/2033 N 3,~~122~~118,~~334~~752.0258 3,~~118~~115,~~752~~664.5866 1101/11/~~2004~~2005 310100035 N/A 01/11/2013 N 3,~~072~~067,~~125~~601.7376 3,~~067~~063,~~601~~631.7659 1201/11/~~2004~~2005 582000091 N/A 01/11/2013 N 3,~~078~~075,~~918~~283.3732 3,~~075~~072,~~283~~121.3222 1201/11/~~2004~~2005 582000092 N/A 12/11/2012 N 3,~~028~~025,~~801~~284.3503 3,~~025~~022,~~284~~241.0398 1101/11/~~2004~~2005 502742420 N/A 10/11/2012 N 2,~~962~~958,~~764~~694.8905 2,~~958~~955,~~694~~206.0529 1101/11/~~2004~~2005 682000094 N/A 01/01/2013 N 2,~~945~~942,~~538~~214.7376 2,~~942~~939,~~214~~363.7675 1201/01/~~2004~~2005 310100013 N/A 12/11/2012 N 2,~~937~~934,~~426~~283.7093 2,~~934~~931,~~283~~638.9395 1201/11/~~2004~~2005 582000096 N/A 11/11/2012 N 2,~~926~~923,~~752~~295.0340 2,~~923~~920,~~295~~293.4004 1101/11/~~2004~~2005 310100018 N/A 12/11/2012 N 2,~~910~~907,~~345~~121.2723 2,~~907~~904,~~121~~374.2396 1101/11/~~2004~~2005 582000098 N/A 01/11/2013 N 2,~~888~~885,~~672~~495.7802 2,~~885~~882,~~495~~792.0237 1101/11/~~2004~~2005 582000099 N/A 09/01/2012 N 2,~~881~~878,~~291~~585.4351 2,~~878~~876,~~585~~432.5108 1201/01/~~2004~~2005 502740410 N/A 11/11/2012 N 2,~~825~~821,~~797~~169.0891 2,~~821~~817,~~169~~001.9172 1201/11/~~2004~~2005 582000101 N/A 01/11/2013 N 2,~~838~~834,~~025~~828.3450 2,~~834~~832,~~828~~088.5014 1101/11/~~2004~~2005 502750208 12/11/2012 12/11/2032 N 2,~~816~~813,~~193~~022.4417 2,~~813~~810,~~022~~306.1715 1101/11/~~2004~~2005 502742414 N/A 10/11/2012 N 2,~~671~~667,~~345~~675.4907 2,~~667~~664,~~675~~530.0737 1101/11/~~2004~~2005 310100010 N/A 09/11/2012 N 2,~~650~~646,~~762~~452.0455 2,~~646~~642,~~452~~583.5557 1101/11/~~2004~~2005 502746701 N/A 11/11/2012 N 2,~~625~~622,~~058~~068.8522 2,~~622~~619,~~068~~499.2265 1101/11/~~2004~~2005 310100017 N/A 12/11/2012 N 2,~~592~~589,~~284~~407.8491 2,~~589~~586,~~407~~955.9181 1101/11/~~2004~~2005 502750309 N/A 12/11/2012 N 2,640,000.00 2,~~640~~637,~~000~~782.0096 1201/11/~~2004~~2005 682000108 N/A 01/01/2013 N 2,~~446~~443,~~460~~700.7700 2,~~443~~441,~~700~~332.0005 1201/01/~~2004~~2005 502746826 N/A 01/11/2013 N 2,~~407~~404,~~428~~716.5474 2,~~404~~402,~~716~~392.7417 1101/11/~~2004~~2005 502747320 12/11/2012 12/11/2032 N 2,~~368~~365,~~249~~687.6981 2,~~365~~363,~~687~~523.8130 1101/11/~~2004~~2005 582000111 N/A 01/11/2013 N 2,~~274~~270,~~267~~456.8151 2,~~270~~266,~~456~~999.5117 1201/11/~~2004~~2005 582000112 N/A 09/01/2009 N 2,~~258~~254,~~351~~705.5035 2,~~254~~251,~~705~~547.3585 1201/01/~~2004~~2005 502744605 N/A 01/11/2013 N 2,~~252~~250,~~896~~449.2643 2,~~250~~248,~~449~~377.4354 1101/11/~~2004~~2005 582000114 N/A 01/11/2013 N 2,~~228~~224,~~248~~619.2476 2,~~224~~221,~~619~~350.7637 1101/11/~~2004~~2005 502739403 N/A 06/01/2012 N 2,~~082~~076,~~142~~429.9103 2,~~076~~071,~~429~~092.0345 1201/01/~~2004~~2005 582000116 N/A 01/11/2021 N 2,~~110~~104,~~724~~318.5402 2,~~104~~098,~~318~~245.0205 1101/11/~~2004~~2005 310100020 N/A 01/11/2013 N 2,~~152~~150,~~986~~561.5245 2,~~150~~148,~~561~~482.4568 1101/11/~~2004~~2005 582000118 N/A 01/11/2008 N 2,~~147~~145,~~845~~198.1205 2,~~145~~142,~~198~~866.0559 1101/11/~~2004~~2005 682000119 N/A 01/01/2013 N 2,~~056~~054,~~900~~662.1208 2,~~054~~052,~~662~~765.0878 1201/01/~~2004~~2005 502751313 N/A 12/11/2012 N 2,~~029~~025,~~165~~740.8129 2,~~025~~022,~~740~~629.2993 1101/11/~~2004~~2005 410100004 N/A 12/11/2012 N 1,~~957~~955,~~736~~619.8809 1,~~955~~953,~~619~~829.0978 1201/11/~~2004~~2005 502750605 N/A 01/11/2013 N 1,~~853~~850,~~337~~947.0128 1,~~850~~848,~~947~~858.2854 12/11/2004 310100003 N/A 12/11/2012 N 1,~~757~~755,~~694~~612.9795 1,~~755~~753,~~612~~801.9536 1101/11/~~2004~~2005 310100002 N/A 11/11/2012 N 1,~~709~~707,~~880~~967.2927 1,~~707~~706,~~967~~333.2793 1201/11/~~2004~~2005 582000125 N/A 01/11/2018 N 1,~~611~~604,~~452~~660.2256 1,~~604~~598,~~660~~102.5639 1101/11/~~2004~~2005 502742418 N/A 10/11/2012 N 1,~~699~~697,~~947~~611.1442 1,~~697~~695,~~611~~610.4225 1101/11/~~2004~~2005 682000127 N/A 01/01/2013 N 1,~~467~~466,~~876~~219.3386 1,~~466~~464,~~219~~799.8608 1201/01/~~2004~~2005 310100044 N/A 01/11/2013 N 1,~~174~~172,~~301~~976.2003 1,~~172~~171,~~976~~839.0342 1101/11/~~2004~~2005 582000129 N/A 09/01/2009 N ~~946,858.29~~ 945,392.14 12944,138.83 01/01/~~2004~~2005 582000130 N/A 10/01/2018 N ~~470,551.83~~ 468,938.82 12467,315.80 01/11/~~2004~~2005 Totals ~~918,842,675.53~~ 917,828,610.14 916,938,022.39

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 1201/1518/~~2004~~2005 0 $0.00 0 $0.00 0 $0.00 1112/15/2004 0 $0.00 0 $0.00 0 $0.00 1011/15/2004 0 $0.00 0 $0.00 0 $0.00 0910/15/2004 0 $0.00 0 $0.00 0 $0.00 0809/1615/2004 0 $0.00 0 $0.00 0 $0.00 0708/1516/2004 0 $0.00 0 $0.00 0 $0.00 0607/15/2004 0 $0.00 0 $0.00 0 $0.00 0506/1715/2004 0 $0.00 0 $0.00 0 $0.00 0405/1517/2004 0 $0.00 0 $0.00 0 $0.00 0304/15/2004 0 $0.00 0 $0.00 0 $0.00 0203/1715/2004 0 $0.00 0 $0.00 0 $0.00 0102/1517/2004 0 $0.00 0 $0.00 0 $0.00

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 1201/1518/~~2004~~2005 0 $0.00 0 $0.00 0 $0.00 1112/15/2004 0 $0.00 0 $0.00 0 $0.00 1011/15/2004 0 $0.00 0 $0.00 0 $0.00 0910/15/2004 0 $0.00 0 $0.00 0 $0.00 0809/1615/2004 0 $0.00 0 $0.00 0 $0.00 0708/1516/2004 0 $0.00 0 $0.00 0 $0.00 0607/15/2004 0 $0.00 0 $0.00 0 $0.00 0506/1715/2004 0 $0.00 0 $0.00 0 $0.00 0405/1517/2004 0 $0.00 0 $0.00 0 $0.00 0304/15/2004 0 $0.00 0 $0.00 0 $0.00 0203/1715/2004 0 $0.00 0 $0.00 0 $0.00 0102/1517/2004 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 01/18/2005 0 $0.00 0 $0.00 5.995679% 5.946256% 90 12/15/2004 0 $0.00 0 $0.00 5.995721% 5.946297% 91 11/15/2004 0 $0.00 0 $0.00 5.995773% 5.946348% 92 10/15/2004 0 $0.00 0 $0.00 5.995814% 5.946388% 93 09/15/2004 0 $0.00 0 $0.00 5.995865% 5.946438% 94 08/16/2004 0 $0.00 0 $0.00 5.995905% 5.946477% 95 07/15/2004 0 $0.00 0 $0.00 5.995944% 5.946515% 96 06/15/2004 0 $0.00 0 $0.00 5.996018% 5.946589% 97 05/17/2004 0 $0.00 0 $0.00 5.996078% 5.946647% 98 04/15/2004 0 $0.00 0 $0.00 5.996151% 5.946719% 99 03/15/2004 0 $0.00 0 $0.00 5.996209% 5.946776% 100 02/17/2004 0 $0.00 0 $0.00 5.996295% 5.946861% 101 ~~01/15/2004 0 $0.00 0 $0.00 5.996352% 5.946916% 102~~ 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 ~~502737617~~682000017 117 0 ~~11/11/2004 295,341.56 295,341.56 A 502746711 3 0 11/11/2004 185,814.~~12 ~~185,814.12 A 502754321 4 0 11~~/11/2004 ~~140~~74,~~008~~313.3389 140,008.33 A 502755016 5 0 11/11/2004 105,833.33 105,833.33 A 502745113 6 0 11/11/2004 140,608.84 140,608.84 A 502742421 8 0 11/11/2004 143,299.77 143,299.77 A 410100012 10 0 11/11/2004 119,260.23 119,260.23 A 310100033 14 0 11/11/2004 110,068.48 110,068.48 A 502744001 15 0 11/11/2004 81,853.67 81,853.67 A 582000020 20 0 11/11/2004 66,712.57 66,712.57 A 310100041 24 0 11/11/2004 46,020.01 46,020.01 A 502751708 25 0 11/11/2004 59,750.11 59,750.11 A 310100034 28 0 11/11/2004 57,397.90 57,397.90 A 310100030 30 0 11/11/2004 57,662.11 57,662.11 A 310100021 32 0 11/11/2004 53,447.97 53,447.97 A 502751009 33 0 11/11/2004 52,483.38 52,483.38 A 310100024 35 0 11/11/2004 48,232.26 48,232.26 A 310100040 36 0 11/11/2004 38,055.01 38,055.01 A 310100032 37 0 11/11/2004 46,222.13 46,222.13 A 310100025 38 0 11/11/2004 43,685.84 43,685.84 A 502750015 39 0 11/11/2004 46,582.29 46,582.29 A 310100027 41 0 11/11/2004 40,436.80 40,436.80 A 502752321 42 0 11/11/2004 35,077.17 35,077.17 A 682000043 43 0 11/11/2004 40,073.31 40,073.31 A 502758020 44 0 11/11/2004 47,696.02 47,696.02 A 502742430 46 0 11/11/2004 47,766.60 47,766.60 A 502744604 47 0 11/11/2004 39,387.65 39,387.65 A 502747902 49 0 11/11/2004 38,639.93 38,639.93 A 582000050 50 0 11/11/2004 35,351.96 35,351.96 A 310100028 51 0 11/11/2004 34,626.57 34,626.57 A 310100031 53 0 11/11/2004 34,343.04 34,343.04 A 502748510 54 0 11/11/2004 33,920.72 33,920.72 A 502748213 55 0 11/11/2004 34,531.73 34,531.73 A 310100008 59 0 11/11/2004 32,311.27 32,311.27 A 582000062 62 0 11/11/2004 32,490.90 32,490.90 A 502749325 64 0 11/11/2004 27,334.67 27,334.67 A 502748502 67 0 11/11/2004 25,602.15 25,602.15 A 502748709 68 0 11/11/2004 25,796.92 25,796.92 A 502744302 69 0 11/11/2004 26,431.23 26,431.23 A 502754319 72 0 11/11/2004 23,851.54 23,851.54 A 502753401 73 0 11/11/2004 23,851.54 23,851.54 A 502751306 74 ~~0 11/11/2004 24~~,~~057~~313.88 24,057.88 A 502743602 76 0 11/11/2004 24,781.65 24,781.65 A 502753403 79 0 11/11/2004 21,168.24 21,168.24 A 310100026 80 0 11/11/2004 19,796.19 19,796.19 A 310100006 82 0 11/11/2004 23,519.15 23,519.15 A 502751771 84 0 11/11/2004 19,230.30 19,230.30 A 410100011 87 0 11/11/2004 19,087.45 19,087.45 A 582000089 89 0B ~~11/11/2004~~502750605 ~~18,828.84~~122 ~~18,828.84 A 582000092 92~~ 0 11/11/2004 18,207.01 18,207.01 A 502742420 93 0 11/11/2004 22,242.46 22,242.46 A 582000096 96 0 11/11/2004 17,505.04 17,505.04 A 310100018 97 0 11/11/2004 17,969.78 17,969.78 A 582000098 98 0 11/11/2004 17,837.78 17,837.78 A 582000101 101 0 11/11/2004 17,292.37 17,292.37 A 502750208 102 0 11/11/2004 17,228.76 17,228.76 A 502742414 103 0 11/11/2004 20,054.68 20,054.68 A 310100010 104 0 11/11/2004 18,137.64 18,137.64 A 502746701 105 0 11/11/2004 16,028.42 16,028.42 A 310100017 106 0 11/11/2004 15,989.58 15,989.58 A 502746826 109 0 11/11/2004 14,668.70 14,668.70 A 502747320 110 0 11/11/2004 14,817.57 14,817.57 A 502744605 113 0 11/11/2004 14,011.69 14,011.69 A 582000114 114 0 11/11/2004 14,899.70 14,899.70 A 582000116 116 0 11/11/2004 17,382.29 17,382.29 A 310100020 117 0 11/11/2004 13,118.24 13,118.24 A 582000118 118 0 11/11/2004 12~~,419.76 12,419.76 A 502751313 120 0 11~~/11/2004 ~~13,233.15 13,233.15 A 310100003 123 0~~ 11~~/11/2004 10~~,~~445~~733.7372 ~~10,445.73 A 582000125 125 0~~ 11~~/11/2004 14~~,~~795~~733.2072 ~~14,795.20~~B ~~A 502742418 126 0 11/11/2004 12,762.07 12,762.07 A 310100044 128 0 11/11/2004 7,147.75 7,147.75 A~~ Totals 722 386,~~146,526~~047.7061 386,~~146,526~~047.7061

Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date ~~502737617~~682000017 47,876,649.39 0.00 502746711 30,716,557.91 0.00 502754321 26,500,000.00 0.00 502755016 25,000,000.00 0.00 502745113 23,447,625.55 0.00 502742421 19,087,977.78 0.00 410100012 17,697,737.78 0.00 310100033 15,006,716.94 0.00 502744001 14,272,287.50 0.00 582000020 11,427,688.41 0.00 310100041 10,400,000.00 0.00 502751708 10,001,834.15 0.00 310100034 9,770,108.00 0.00 310100030 9,753,391.96 0.00 310100021 8,946,506.93 0.00 502751009 8,652,671.22 0.00 310100024 8,416,966.92 0.00 310100040 8,600,000.00 0.00 310100032 7,818,350.32 0.00 310100025 7,623,576.28 0.00 502750015 7,637,815.45 0.00 310100027 7,056,589.95 0.00 502752321 7,220,000.00 0.00 682000043 6,996,885.83 0.00 502758020 6,800,337.01 0.00 502742430 6,362,659.18 0.00 502744604 6,365,448.51 0.00 502747902 6,328,267.10 0.00 582000050 6,055,698.05 0.00 310100028 6,042,650.25 0.00 310100031 5,809,034.20 0.00 502748510 5,764,782.35 0.00 502748213 5,632,930.01 0.00 310100008 5,053,402.98 0.00 582000062 4,867,725.86 0.00 502749325 4,589,997.21 0.00 502748502 4,390,216.11 0.00 502748709 4,253,007.84 0.00 502744302 4,224,428.84 0.00 502754319 3,914,517.85 0.00 502753401 3,914,517.85 0.00 502751306 3,907,908.01 0.00 502743602 3,782,325.84 0.00 502753403 3,474,134.65 0.00 310100026 3,454,615.97 0.00 310100006 3,393,064.25 0.00 502751771 3,156,080.10 0.00 410100011 3,108,676.09 0.00 582000089 3,122,334.02 0.00 582000092 3,028,801.35 0.00 502742420 2,962,764.89 0.00 582000096 2,926,752.03 0.00 310100018 2,910,345.27 0.00 582000098 2,888,672.78 0.00 582000101 2,838,025.34 0.00 502750208 2,816,193.44 0.00 502742414 2,671,345.49 0.00 310100010 2,650,762.04 0.00 502746701 2,625,058.85 0.00 310100017 2,592,284.84 0.00 502746826 2,407,428.54 0.00 502747320 2,368,249.69 0.00 502744605 2,252,896.26 0.00 582000114 2,228,248.24 0.00 582000116 2,110,724.54 0.00 310100020 2,152,986.52 0.00 582000118 2,147,845.12 ~~0.00 502751313 2~~,~~029~~127,~~165~~712.8143 0.00 ~~310100003~~502750605 1,~~757~~850,~~694.97 0.00 582000125 1,611,452.22 0.00 502742418 1,699,~~947.1428 0.00 ~~310100044 1,174,301.20 0.00~~ Totals ~~522~~13,~~548~~978,~~644~~659.9771 0.00

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = AB (722 loans) 386,~~146,526~~047.7061 386,~~146,526~~047.7061 ~~522~~13,~~548~~978,~~644~~659.9771 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

Filing Compare · WACHOVIA COMMERCIAL MORT SEC INC PAS THR CERTS SER 03 C3