8-K 1 wbt04c11_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.: 333-108944-04 Wachovia Bank Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2004-C11 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2150541 54-2150542 54-6612475 (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 Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2004-C11. 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-C11, 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 Bank Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2004-C11 (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 2004-C11, relating to the January 18, 2005 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Wachovia Bank Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2004-C11 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 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 - 18 Principal Prepayment Detail 19 Historical Detail 20 Delinquency Loan Detail 21 Specially Serviced Loan Detail 22 - 23 Modified Loan Detail 24 Liquidated Loan Detail 25 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. 1601 Washington Avenue Suite 800 Miami Beach, FL 33139 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 929766QR7 3.333000% 56,200,000.00 5150,~~336~~587,~~294~~584.3257 ~~748~~679,~~709~~501.7515 ~~142~~140,~~586~~507.5602 A-2 929766QS5 4.260000% 70,000,000.00 70,000,000.00 0.00 248,500.00 A-3 929766QT3 4.719000% 87,715,000.00 87,715,000.00 0.00 344,939.24 A-4 929766QU0 5.030000% 52,829,000.00 52,829,000.00 0.00 221,441.56 A-5 929766QV8 5.215000% 454,900,000.00 454,900,000.00 0.00 1,976,919.58 A-1A 929766RA3 4.986000% 161,017,000.00 160,~~533~~457,~~370~~296.1907 7666,~~074~~443.1238 ~~667~~666,~~016~~700.1507 B 929766QW6 5.306000% 28,641,000.00 28,641,000.00 0.00 126,640.9695 C 929766QX4 5.~~337139~~337198% 13,018,000.00 13,018,000.00 0.00 57,899.0670 D 929766QY2 5.~~287139~~287198% 23,434,000.00 23,434,000.00 0.00 103,~~249~~250.0216 E 929766QZ9 5.~~337139~~337198% 11,717,000.00 11,717,000.00 0.00 52,~~112~~113.7229 F 929766RB1 5.~~337139~~337198% 14,320,000.00 14,320,000.00 0.00 63,~~689~~690.8656 G 929766RC9 5.~~337139~~337198% 13,019,000.00 13,019,000.00 0.00 57,~~903~~904.5115 H 929766RD7 5.~~337139~~337198% 10,415,000.00 10,415,000.00 0.00 46,~~321~~322.9243 J 929766RE5 5.310000% 16,924,000.00 16,924,000.00 0.00 74,888.70 K 929766RF2 5.310000% 5,207,000.00 5,207,000.00 0.00 23,040.97 L 929766RG0 5.310000% 2,604,000.00 2,604,000.00 0.00 11,522.70 M 929766RH8 5.310000% 2,604,000.00 2,604,000.00 0.00 11,522.70 N 929766RJ4 5.310000% 2,603,000.00 2,603,000.00 0.00 11,518.28 O 929766RK1 5.310000% 2,604,000.00 2,604,000.00 0.00 11,522.70 P 929766RL9 5.310000% 11,717,309.00 11,717,309.00 0.00 51,849.09 Z N/A 0.000000% 0.00 0.00 0.00 0.00 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 Totals 1,041,488,309.00 1,~~036~~035,~~140~~316,~~973~~189.5164 ~~824~~745,~~783~~944.8753 4,~~305~~302,~~085~~693.2885

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 929766QR7 0.00 0.00 ~~891~~820,~~296~~008.3117 5049,~~587~~908,~~584~~083.5742 15.3435% A-2 929766QS5 0.00 0.00 248,500.00 70,000,000.00 15.3435% A-3 929766QT3 0.00 0.00 344,939.24 87,715,000.00 15.3435% A-4 929766QU0 0.00 0.00 221,441.56 52,829,000.00 15.3435% A-5 929766QV8 0.00 0.00 1,976,919.58 454,900,000.00 15.3435% A-1A 929766RA3 0.00 0.00 ~~743~~733,~~090~~143.2745 160,~~457~~390,~~296~~852.0769 15.3435% B 929766QW6 0.00 0.00 126,640.9695 28,641,000.00 12.5758% C 929766QX4 0.00 0.00 57,899.0670 13,018,000.00 11.3233% D 929766QY2 0.00 0.00 103,~~249~~250.0216 23,434,000.00 9.0506% E 929766QZ9 0.00 0.00 52,~~112~~113.7229 11,717,000.00 7.9293% F 929766RB1 0.00 0.00 63,~~689~~690.8656 14,320,000.00 6.54% G 929766RC9 0.00 0.00 57,~~903~~904.5115 13,019,000.00 5.2829% H 929766RD7 0.00 0.00 46,~~321~~322.9243 10,415,000.00 4.28% J 929766RE5 0.00 0.00 74,888.70 16,924,000.00 2.64% K 929766RF2 0.00 0.00 23,040.97 5,207,000.00 2.14% L 929766RG0 0.00 0.00 11,522.70 2,604,000.00 1.89% M 929766RH8 0.00 0.00 11,522.70 2,604,000.00 1.6364% N 929766RJ4 0.00 0.00 11,518.28 2,603,000.00 1.38% O 929766RK1 0.00 0.00 11,522.70 2,604,000.00 1.13% P 929766RL9 0.00 0.00 51,849.09 11,717,309.00 0.00% Z N/A 0.00 0.00 0.00 0.00 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% Totals 0.00 0.00 5,~~129~~048,~~869~~638.1538 1,~~035~~034,~~316~~570,~~189~~245.6411

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount X-C 929766RN5 0.~~033906~~032459% 1,041,488,309.00 1,~~036~~035,~~140~~316,~~973~~189.5164 2928,~~276~~004.0064 X-P 929766RM7 0.~~327003~~327057% 1,010,357,000.00 1,005,481,000.00 ~~273~~274,~~995~~041.8804

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount X-C 929766RN5 0.00 2928,~~276~~004.0064 1,~~035~~034,~~316~~570,~~189~~245.6411 X-P 929766RM7 0.00 ~~273~~274,~~995~~041.8804 1,005,481,000.00 (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 929766QR7 ~~913~~900.~~45719431~~13495676 1312.~~32223754~~09076779 2.~~53712740~~50012491 0.00000000 0.00000000 ~~900~~888.~~13495676~~04418897 A-2 929766QS5 1,000.00000000 0.00000000 3.55000000 0.00000000 0.00000000 1,000.00000000 A-3 929766QT3 1,000.00000000 0.00000000 3.93250003 0.00000000 0.00000000 1,000.00000000 A-4 929766QU0 1,000.00000000 0.00000000 4.19166670 0.00000000 0.00000000 1,000.00000000 A-5 929766QV8 1,000.00000000 0.00000000 4.34583333 0.00000000 0.00000000 1,000.00000000 A-1A 929766RA3 996.~~99640529~~52394511 0.~~47246018~~41264823 4.~~14252004~~14055702 0.00000000 0.00000000 996.~~52394511~~11129688 B 929766QW6 1,000.00000000 0.00000000 4.~~42166684~~42166649 0.00000000 0.00000000 1,000.00000000 C 929766QX4 1,000.00000000 0.00000000 4.~~44761561~~44766477 0.00000000 0.00000000 1,000.00000000 D 929766QY2 1,000.00000000 0.00000000 4.~~40594948~~40599812 0.00000000 0.00000000 1,000.00000000 E 929766QZ9 1,000.00000000 0.00000000 4.~~44761628~~44766493 0.00000000 0.00000000 1,000.00000000 F 929766RB1 1,000.00000000 0.00000000 4.~~44761592~~44766480 0.00000000 0.00000000 1,000.00000000 G 929766RC9 1,000.00000000 0.00000000 4.~~44761579~~44766495 0.00000000 0.00000000 1,000.00000000 H 929766RD7 1,000.00000000 0.00000000 4.~~44761594~~44766491 0.00000000 0.00000000 1,000.00000000 J 929766RE5 1,000.00000000 0.00000000 4.42500000 0.00000000 0.00000000 1,000.00000000 K 929766RF2 1,000.00000000 0.00000000 4.42499904 0.00000000 0.00000000 1,000.00000000 L 929766RG0 1,000.00000000 0.00000000 4.42500000 0.00000000 0.00000000 1,000.00000000 M 929766RH8 1,000.00000000 0.00000000 4.42500000 0.00000000 0.00000000 1,000.00000000 N 929766RJ4 1,000.00000000 0.00000000 4.42500192 0.00000000 0.00000000 1,000.00000000 O 929766RK1 1,000.00000000 0.00000000 4.42500000 0.00000000 0.00000000 1,000.00000000 P 929766RL9 1,000.00000000 0.00000000 4.42499980 0.00000000 0.00000000 1,000.00000000 Z N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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

Class CUSIP Beginning Interest Prepayment Ending Notional Distribution Penalties Notional Amount Amount X-C 929766RN5 994.~~86567881~~07375070 0.~~02810977~~02688906 0.00000000 ~~994~~993.~~07375070~~35752132 X-P 929766RM7 995.17398306 0.~~27118719~~27123189 0.00000000 995.17398306

Servicing Fee Summary Current Period Accrued Servicing Fees 35,~~631~~603.8401 Less Delinquent Servicing Fees 0.00 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received ~~1,153~~0.7300 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 3635,~~785~~603.5701

Certificate Interest Reconciliation Class Accrued Net Aggregate Deferred Distributable Distributable Certificate Prepayment Interest Certificate Certificate Interest Interest Amount Interest Interest Shortfall Adjustment A-1 ~~142~~140,~~586~~507.5602 0.00 0.00 ~~142~~140,~~586~~507.5602 0.00 A-2 248,500.00 0.00 0.00 248,500.00 0.00 A-3 344,939.24 0.00 0.00 344,939.24 0.00 A-4 221,441.56 0.00 0.00 221,441.56 0.00 A-5 1,976,919.58 0.00 0.00 1,976,919.58 0.00 A-1A ~~667~~666,~~016~~700.1507 0.00 0.00 ~~667~~666,~~016~~700.1507 0.00 X-C 2928,~~276~~004.0064 0.00 0.00 2928,~~276~~004.0064 0.00 X-P ~~273~~274,~~995~~041.8804 0.00 0.00 ~~273~~274,~~995~~041.8804 0.00 B 126,640.96 0.00 0.00 126,640.96 0.00 C 57,899.0670 0.00 0.00 57,899.0670 0.00 D 103,~~249~~250.0216 0.00 0.00 103,~~249~~250.0216 0.00 E 52,~~112~~113.7229 0.00 0.00 52,~~112~~113.7229 0.00 F 63,~~689~~690.8656 0.00 0.00 63,~~689~~690.8656 0.00 G 57,~~903~~904.5115 0.00 0.00 57,~~903~~904.5115 0.00 H 46,~~321~~322.9243 0.00 0.00 46,~~321~~322.9243 0.00 J 74,888.70 0.00 0.00 74,888.70 0.00 K 23,040.97 0.00 0.00 23,040.97 0.00 L 11,522.70 0.00 0.00 11,522.70 0.00 M 11,522.70 0.00 0.00 11,522.70 0.00 N 11,518.28 0.00 0.00 11,518.28 0.00 O 11,522.70 0.00 0.00 11,522.70 0.00 P 51,849.09 0.00 0.00 51,849.09 0.00 Total 4,~~608~~604,~~357~~739.1654 0.00 0.00 4,~~608~~604,~~357~~739.1654 0.00

Class Additional Interest Remaining Unpaid Trust Fund Distribution Distributable Expenses Certificate Interest A-1 0.00 ~~142~~140,~~586~~507.5602 0.00 A-2 0.00 248,500.00 0.00 A-3 0.00 344,939.24 0.00 A-4 0.00 221,441.56 0.00 A-5 0.00 1,976,919.58 0.00 A-1A 0.00 ~~667~~666,~~016~~700.1507 0.00 X-C 0.00 2928,~~276~~004.0064 0.00 X-P 0.00 ~~273~~274,~~995~~041.8804 0.00 B 0.00 126,640.9695 0.00 C 0.00 57,899.0670 0.00 D 0.00 103,~~249~~250.0216 0.00 E 0.00 52,~~112~~113.7229 0.00 F 0.00 63,~~689~~690.8656 0.00 G 0.00 57,~~903~~904.5115 0.00 H 0.00 46,~~321~~322.9243 0.00 J 0.00 74,888.70 0.00 K 0.00 23,040.97 0.00 L 0.00 11,522.70 0.00 M 0.00 11,522.70 0.00 N 0.00 11,518.28 0.00 O 0.00 11,522.70 0.00 P 0.00 51,849.09 0.00 Total 0.00 4,~~608~~604,~~357~~739.1653 0.00

Other Required Information Available Distribution Amount (1) 5,~~433~~350,~~141~~684.0306 Aggregate Number of Outstanding Loans 54 Aggregate Stated Principal Balance of Loans Before Distribution 1,~~036~~035,~~140~~316,~~973~~189.7588 Aggregate Stated Principal Balance of Loans After Distribution 1,~~035~~034,~~316~~570,~~189~~245.8835 Aggregate Unpaid Principal Balance of Loans 1,~~035~~034,~~316~~570,~~189~~245.8835 Aggregate Amount of Servicing Fee 3635,~~785~~603.5701 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 2,~~029~~027.1149 Aggregate Trust Fund Expenses 0.00 Interest Reserve Deposit 0154,745.0067 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 4,797,115.70 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 4,797,115.70 Principal: Scheduled Principal 745,944.60 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 745,944.60 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 5,543,060.30 Total Funds Distributed Fees: Master Servicing Fee 35,603.01 Trustee Fee 2,027.49 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 37,630.50 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 0.00 ASER Amount 0.00 Special Servicing Fee 0.00 Rating Agency Expenses 0.00 Attorney Fees & Expenses 0.00 Bankruptcy Expense 0.00 Taxes Imposed on Trust Fund 0.00 Non-Recoverable Advances 0.00 Other Expenses 0.00 Total Additional Trust Fund Expenses 0.00 Interest Reserve Deposit 154,745.67 Payments to Certificateholders & Others: Interest Distribution 4,604,739.53 Principal Distribution 745,944.53 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 5,350,684.06 Total Funds Distributed 5,543,060.23

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. 2,000,000 or less 5 8,~~058~~043,~~073~~270.5840 0.78 ~~119~~118 5.8063 1.~~520201~~520309 2,000,001 to 3,000,000 34 811,~~525~~514,~~711~~512.5530 01.8211 ~~112~~110 5.~~4971~~7009 1.~~345224~~372500 3,000,001 to 4,000,000 32 96,~~456~~449,~~988~~245.2675 0.9162 ~~110~~111 5.~~6897~~4152 1.~~411026~~365014 4,000,001 to 5,000,000 3 13,~~168~~153,~~256~~283.1483 1.27 ~~112~~111 5.6355 1.~~546382~~546347 5,000,001 to 6,000,000 4 22,~~704~~680,~~205~~292.5860 2.19 ~~107~~106 5.~~6382~~6380 1.~~408805~~408807 6,000,001 to 7,000,000 1 6,~~344~~338,~~514~~649.0215 0.61 ~~111~~110 5.8000 1.910000 7,000,001 to 8,000,000 3 22,~~379~~353,~~173~~321.1450 2.16 ~~110~~109 5.5468 1.~~552328~~552400 8,000,001 to 9,000,000 4 33,~~376~~349,~~252~~451.1323 3.22 9796 5.~~0599~~0598 1.~~844533~~830983 9,000,001 to 10,000,000 2 19,~~118~~098,~~784~~994.6096 1.85 ~~112~~111 5.3100 1.~~431076~~565538 10,000,001 to 15,000,000 7 82,~~761~~723,~~013~~954.3438 78.00 99 ~~100~~ 5.~~5002~~5000 1.~~354291~~354282 15,000,001 to 20,000,000 5 89,~~647~~570,~~541~~146.5738 8.66 ~~125~~124 5.~~7457~~7455 1.~~594236~~602163 20,000,001 to 25,000,000 5 114,~~198~~146,~~950~~604.8161 11.03 6968 5.1555 1.~~497592~~497656 25,000,001 to 30,000,000 2 55,~~612~~585,~~717~~256.2612 5.37 ~~110~~109 5.~~4454~~4455 1.~~516709~~719910 30,000,001 to 40,000,000 1 35,~~735~~699,~~288~~993.3294 3.45 ~~111~~110 5.5300 1.372189 40,000,001 to 60,000,000 2 118,800,000.00 11.4748 9291 5.3600 1.985960 60,000,001 to 75,000,000 1 75,000,000.00 7.2425 ~~112~~111 6.1600 1.360000 75,000,001 and greater 3 320,~~428~~063,~~719~~268.5820 30.9594 ~~110~~109 5.~~0918~~0920 1.~~317357~~317467 Totals 54 1,~~035~~034,~~316~~570,~~189~~245.8835 100.00 ~~104~~103 5.~~3808~~3809 1.~~491963~~505534

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alabama 2 2827,~~001~~975,~~674~~397.9293 2.70 ~~153~~152 5.~~7595~~7596 2.~~416770~~416807 Arizona 4 43,~~884~~848,~~583~~219.2503 4.24 ~~115~~114 5.~~4307~~4306 1.~~388406~~388431 California 9 129,~~484~~446,~~761~~717.5994 12.51 9190 5.~~4171~~4170 1.~~483289~~594564 Colorado 3 38,~~020~~000,~~069~~016.0152 3.67 ~~122~~121 5.~~6457~~6453 1.~~465047~~439434 Connecticut 2 132,~~439~~210,~~125~~875.7655 12.7978 ~~112~~111 4.5822 1.~~244599~~244602 Florida 10 171,~~641~~590,~~941~~838.2294 16.5859 9897 5.6226 1.~~527054~~530177 Georgia 3 13,~~552~~535,~~032~~233.6156 1.31 5756 5.~~1421~~1420 1.~~435263~~435285 Idaho 1 1,~~880~~878,~~581~~501.4296 0.18 5150 5.0500 1.458042 Illinois 1 3,~~236~~233,~~918~~708.2360 0.31 ~~112~~111 5.4900 1.370000 Kansas 4 43,~~941~~940,~~379~~780.5087 4.2425 7473 5.1806 1.~~196511~~196508 Massachusetts 1 11,~~325~~310,~~986~~254.68 1.09 ~~110~~109 5.9200 1.200000 Michigan 1 25,~~852~~825,~~717~~256.2612 2.50 ~~108~~107 5.3020 2.019420 Missouri 1 2,~~471~~469,~~824~~091.8259 0.24 5150 5.0500 1.458042 Nevada 1 1,~~716~~712,~~305~~511.5851 0.17 9897 5.8100 1.270000 New Jersey 5 4,~~339~~331,~~819~~204.5169 0.42 ~~103~~102 5.8396 1.~~557170~~557190 New York 5 168,~~238~~231,~~629~~337.6264 16.2526 ~~110~~109 5.4715 1.~~730584~~730600 North Carolina 2 98,~~713~~567,~~607~~784.6364 9.53 ~~108~~107 5.6043 1.~~191633~~191632 Ohio 2 6,~~165~~158,~~362~~990.5543 0.60 ~~111~~110 5.3400 1.355221 Oklahoma 1 18,240,000.00 1.76 7675 4.7500 1.460000 Pennsylvania 5 11,~~523~~507,~~627~~366.2148 1.11 ~~108~~107 5.~~3707~~3705 1.~~742648~~742733 South Carolina 5 7,~~076~~064,~~302~~600.7660 0.68 ~~107~~106 5.~~8373~~8374 1.~~618656~~618746 Tennessee 1 4,~~065~~061,~~836~~785.8785 0.39 ~~112~~111 5.4700 1.440000 Texas 6 13,~~046~~028,~~694~~872.1464 1.26 6867 5.~~3538~~3537 1.~~465369~~465408 Utah 3 14,~~964~~949,~~315~~614.6244 1.45 ~~111~~110 5.5521 1.~~294080~~294079 Virginia 4 20,~~536~~516,~~980~~772.0843 1.98 ~~110~~109 5.7738 1.~~411373~~411375 Washington 3 17,~~853~~836,~~615~~077.7971 1.72 ~~111~~110 5.5626 1.~~731854~~731857 Wyoming 1 3,~~101~~098,~~496~~433.2300 0.30 ~~111~~110 5.5300 1.372189 Totals 86 1,~~035~~034,~~316~~570,~~189~~245.8835 100.00 ~~104~~103 5.~~3808~~3809 1.~~491963~~505534

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 98 ~~317~~287,~~742~~562,~~524~~199.3448 3027.6980 ~~111~~110 5.~~2056~~1680 1.~~192381~~203976 1.25 to 1.29 65 8971,~~186~~455,~~925~~780.5518 86.6191 ~~105~~102 5.~~5078~~4625 1.~~269196~~266533 1.30 to 1.34 2 1928,~~227~~160,~~913~~000.5800 12.8672 9297 5.~~2824~~4551 1.~~319078~~316271 1.35 to 1.39 7 133,~~756~~072,~~025~~684.7791 12.9286 ~~112~~111 5.~~8588~~8773 1.~~365404~~365988 1.40 to 1.44 3 17,~~034~~027,~~196~~357.4173 1.65 ~~112~~111 5.~~3202~~3201 1.~~423618~~423617 1.45 to 1.49 78 97120,~~221~~158,~~588~~474.7825 911.3961 7480 5.~~2215~~3269 1.~~471773~~467647 1.50 to 1.54 3 2127,~~612~~943,~~297~~173.0021 2.0970 107 5.~~8834~~6490 1.~~521064~~528585 1.55 to 1.59 34 ~~105~~115,~~960~~705,~~869~~493.3121 1011.2318 ~~109~~108 5.~~3221~~3211 1.~~553227~~556324 1.60 to 1.69 2 2,~~609~~604,~~572~~692.1962 0.25 9190 5.7791 1.~~634908~~634915 1.70 to 1.79 2 6,~~666~~658,~~788~~361.7429 0.64 ~~111~~110 5.8473 1.~~760794~~760788 1.80 to 1.89 2 66,~~887~~878,~~279~~588.8797 6.46 7978 4.~~9759~~9758 1.~~885164~~885168 1.90 to 1.99 3 22,~~203~~181,~~874~~263.8482 2.14 ~~111~~110 5.~~4230~~4231 1.~~950368~~950365 2.00 to 2.04 1 25,~~852~~825,~~717~~256.2612 2.50 ~~108~~107 5.3020 2.019420 2.05 to 2.19 12 6068,~~000~~150,000.00 56.8059 ~~110~~102 5.~~7600~~6201 2.~~080000~~084784 2.20 to 2.29 21 2921,~~763~~613,000.00 2.8709 5251 4.~~7425~~8000 2.~~232738~~230000 2.30 and greater 1 19,~~590~~573,~~616~~919.2456 1.89 ~~171~~170 6.1200 2.600000 Totals 54 1,~~035~~034,~~316~~570,~~189~~245.8835 100.00 ~~104~~103 5.~~3808~~3809 1.~~491963~~505534

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 1 13,~~311~~299,~~090~~174.9339 1.29 ~~105~~104 6.0900 1.520000 Mixed Use 1 2,~~603~~600,~~266~~691.4030 0.25 ~~112~~111 5.5000 1.060000 Mobile Home Park 17 68,~~519~~448,~~446~~152.1918 6.62 8988 5.~~3121~~3122 1.~~459529~~459525 Multi-Family 13 136,~~048~~001,~~583~~702.47 13.1415 9190 5.~~2222~~2221 1.~~359021~~370727 Office 10 292,~~778~~727,~~041~~309.9920 28.2829 ~~109~~108 5.7021 1.~~589498~~589533 Retail 39 515,~~567~~016,~~121~~791.1734 49.8078 ~~106~~105 5.~~2248~~2249 1.~~475464~~499590 Self Storage 5 6,~~488~~476,~~639~~424.7347 0.63 ~~129~~128 5.8271 1.~~647689~~647878 Totals 86 1,~~035~~034,~~316~~570,~~189~~245.8835 100.00 ~~104~~103 5.~~3808~~3809 1.~~491963~~505534

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 5.249 or less 13 ~~338~~337,~~072~~802,~~566~~904.3511 32.65 8786 4.~~8126~~8128 1.~~532269~~529553 5.250 to 5.499 12 220,~~813~~720,~~615~~160.07 21.33 ~~107~~106 5.3363 1.~~491093~~502698 5.500 to 5.749 11 218,~~884~~665,~~345~~891.4126 21.14 ~~110~~109 5.5887 1.~~248334~~305669 5.750 to 5.999 13 130,~~872~~760,~~680~~920.8002 12.64 ~~108~~107 5.8009 1.~~734844~~735129 6.000 to 6.249 3 107,~~901~~873,~~707~~093.1795 10.4243 ~~122~~121 6.1441 1.~~604872~~604728 6.250 and greater 2 18,~~771~~747,275.0894 1.81 ~~159~~158 6.3976 1.~~274767~~265173 Totals 54 1,~~035~~034,~~316~~570,~~189~~245.8835 100.00 ~~104~~103 5.~~3808~~3809 1.~~491963~~505534

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less 5250 1991,~~021~~662,~~217,440~~708.8669 9895.6485 ~~104~~103 5.~~3712~~3704 1.~~491514~~492050 13 to 24 months 24 1442,~~098~~907,~~749~~536.0266 14.3615 ~~102~~105 65.~~0738~~6237 1.~~524469~~817167 25 to 36 months 0 0.00 0.00 0 0.0000 0.000000 37 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 54 1,~~035~~034,~~316~~570,~~189~~245.8835 100.00 ~~104~~103 5.~~3808~~3809 1.~~491963~~505534

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 5 77,~~847~~818,~~536~~416.0900 7.52 5150 4.~~9720~~9719 1.~~764941~~752485 61 to 84 months 5 120,440,000.00 11.6364 7473 5.0043 1.573808 85 to 108 months 68 ~~163~~260,~~204~~487,~~937~~609.4512 1525.7618 106 5.~~6395~~5181 1.~~374143~~438267 109 to 120 months 3533 ~~636~~538,~~812~~854,~~034~~749.67 61 52.5108 ~~111~~110 5.~~3862~~3994 1.~~446311~~456176 121 to 168 months 01 015,750,016.0052 01.0052 0168 06.~~0000~~4200 01.~~000000~~230000 169 to 180 months 21 3519,~~360~~573,~~685~~919.2556 31.4289 170 6.~~2538~~1200 12.~~989011~~600000 181 to 192 months 0 0.00 0.00 0 0.0000 0.000000 229 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 53 1,~~033~~032,~~665~~924,~~193~~710.4681 99.84 ~~104~~103 5.~~3802~~3803 1.~~492334~~505925

Remaining Stated Term (Fully Amortizing Loans) Remaining Stated # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 60 months or less 0 0.00 0.00 0 0.0000 0.000000 61 to 84 months 0 0.00 0.00 0 0.0000 0.000000 85 to 108 months 0 0.00 0.00 0 0.0000 0.000000 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 156 months 0 0.00 0.00 0 0.0000 0.000000 169 to 180 months 0 0.00 0.00 0 0.0000 0.000000 181 months or greater 1 1,~~650~~645,~~996~~534.4254 0.16 ~~183~~182 5.7600 1.260000 Totals 1 1,~~650~~645,~~996~~534.4254 0.16 ~~183~~182 5.7600 1.260000

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 3 52,363,000.00 5.06 5251 4.9227 1.~~912171~~893493 192 months or less 0 0.00 0.00 0 0.0000 0.000000 229 to 264 months 10 ~~18,386,856~~0.3200 10.7800 980 50.~~8100~~0000 10.~~270000~~000000 265 to 300 months 9 ~~271~~270,~~099~~670,~~846~~902.5495 26.1916 ~~114~~113 5.~~1782~~1783 1.~~233760~~233096 301 to 348 months 47 ~~117~~140,~~403~~756,~~808~~076.1906 1113.3461 104 5.~~5396~~5771 1.~~906844~~858972 349 months or greater 3431 ~~567~~544,~~669~~061,~~771~~538.5746 5452.8359 ~~104~~103 5.~~4661~~4532 1.~~498442~~521013 Totals 53 1,~~033~~032,~~665~~924,~~193~~710.4681 99.84 ~~104~~103 5.~~3802~~3803 1.~~492334~~505925

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 2120 ~~462~~453,~~629~~694,~~878~~694.5510 4443.6885 9896 5.~~3481~~3441 1.~~649555~~655790 1 year or less 3334 ~~572~~580,~~686~~875,~~311~~551.3325 5556.3215 ~~109~~108 5.~~4072~~4096 1.~~364657~~388176 1 to 2 years 0 0.00 0.00 0 0.0000 0.000000 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 54 1,~~035~~034,~~316~~570,~~189~~245.8835 100.00 ~~104~~103 5.~~3808~~3809 1.~~491963~~505534 (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.

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. 2,000,000 or less 4 6,~~089~~077,~~714~~698.0452 0.59 ~~122~~121 5.7922 1.~~555821~~555984 2,000,001 to 3,000,000 34 811,~~525~~514,~~711~~512.5530 01.8211 ~~112~~110 5.~~4971~~7009 1.~~345224~~372500 3,000,001 to 4,000,000 21 63,~~220~~215,~~070~~537.0315 0.6031 110 5.~~7936~~3400 1.~~432376~~360000 4,000,001 to 5,000,000 3 13,~~168~~153,~~256~~283.1483 1.27 ~~112~~111 5.6355 1.~~546382~~546347 5,000,001 to 6,000,000 3 17,~~195~~177,~~671~~120.1625 1.66 ~~106~~105 5.~~6537~~6534 1.~~488508~~488519 6,000,001 to 7,000,000 1 6,~~344~~338,~~514~~649.0215 0.61 ~~111~~110 5.8000 1.910000 7,000,001 to 8,000,000 3 22,~~379~~353,~~173~~321.1450 2.16 ~~110~~109 5.5468 1.~~552328~~552400 8,000,001 to 10,000,000 3 25,~~226~~199,~~252~~451.1323 2.44 ~~112~~111 5.2117 1.~~716767~~737509 10,000,001 to 15,000,000 3 34,~~661~~623,~~013~~954.3438 3.35 ~~108~~107 5.9419 1.~~403867~~403899 15,000,001 to 20,000,000 4 71,~~407~~330,~~541~~146.5738 6.9089 ~~137~~136 6.~~0001~~0000 1.~~628524~~638516 20,000,001 to 25,000,000 4 93,~~798~~746,~~950~~604.8161 9.06 6766 5.1197 1.~~588412~~588541 25,000,001 to 30,000,000 2 55,~~612~~585,~~717~~256.2612 5.37 ~~110~~109 5.~~4454~~4455 1.~~516709~~719910 30,000,001 to 60,000,000 2 118,800,000.00 11.4748 9291 5.3600 1.985960 60,000,001 to 80,000,000 1 75,000,000.00 7.2425 ~~112~~111 6.1600 1.360000 80,000,001 and greater 3 320,~~428~~063,~~719~~268.5820 30.9594 ~~110~~109 5.~~0918~~0920 1.~~317357~~317467 Totals 41 874,~~858~~178,~~304~~803.7762 84.50 ~~105~~104 5.~~4064~~4065 1.~~513750~~528000

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alabama 2 2827,~~001~~975,~~674~~397.9293 2.70 ~~153~~152 5.~~7595~~7596 2.~~416770~~416807 Arizona 3 32,~~884~~848,~~583~~219.2503 3.18 ~~115~~114 5.~~5180~~5179 1.~~377838~~377860 California 6 107,~~945~~929,~~297~~433.0081 10.43 8685 5.~~4335~~4334 1.~~495028~~604683 Colorado 1 15,~~770~~750,~~069~~016.0152 1.52 ~~169~~168 6.4200 1.230000 Connecticut 2 132,~~439~~210,~~125~~875.7655 12.7978 ~~112~~111 4.5822 1.~~244599~~244602 Florida 8 158,~~267~~229,~~684~~791.2824 15.29 9796 5.6304 1.~~540140~~543517 Georgia 3 13,~~552~~535,~~032~~233.6156 1.31 5756 5.~~1421~~1420 1.~~435263~~435285 Idaho 1 1,~~880~~878,~~581~~501.4296 0.18 5150 5.0500 1.458042 Kansas 1 ~~541~~540,~~379~~780.5087 0.05 5150 5.0500 1.458042 Massachusetts 1 11,~~325~~310,~~986~~254.68 1.09 ~~110~~109 5.9200 1.200000 Michigan 1 25,~~852~~825,~~717~~256.2612 2.50 ~~108~~107 5.3020 2.019420 Missouri 1 2,~~471~~469,~~824~~091.8259 0.24 5150 5.0500 1.458042 Nevada 1 1,~~716~~712,~~305~~511.5851 0.17 9897 5.8100 1.270000 New Jersey 5 4,~~339~~331,~~819~~204.5169 0.42 ~~103~~102 5.8396 1.~~557170~~557190 New York 3 160,855,555.66 15.5455 ~~109~~108 5.4689 1.747034 North Carolina 2 98,~~713~~567,~~607~~784.6364 9.53 ~~108~~107 5.6043 1.~~191633~~191632 Ohio 2 6,~~165~~158,~~362~~990.5543 0.60 ~~111~~110 5.3400 1.355221 Pennsylvania 5 11,~~523~~507,~~627~~366.2148 1.11 ~~108~~107 5.~~3707~~3705 1.~~742648~~742733 South Carolina 5 7,~~076~~064,~~302~~600.7660 0.68 ~~107~~106 5.~~8373~~8374 1.~~618656~~618746 Tennessee 1 4,~~065~~061,~~836~~785.8785 0.39 ~~112~~111 5.4700 1.440000 Texas 6 13,~~046~~028,~~694~~872.1464 1.26 6867 5.~~3538~~3537 1.~~465369~~465408 Virginia 3 18,~~568~~551,~~620~~200.5455 1.79 ~~110~~109 5.7657 1.~~411518~~411521 Washington 3 17,~~853~~836,~~615~~077.7971 1.72 ~~111~~110 5.5626 1.~~731854~~731857 Totals 66 874,~~858~~178,~~304~~803.7762 84.50 ~~105~~104 5.~~4064~~4065 1.~~513750~~528000

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 76 ~~291~~261,~~833~~659,~~989~~027.9213 2825.1929 ~~114~~113 5.~~1903~~1473 1.~~200848~~214566 1.25 to 1.29 43 6244,~~586~~855,~~925~~780.5518 64.0534 ~~110~~108 5.~~6237~~5975 1.~~264604~~258547 1.30 to 1.34 1 817,~~727~~660,~~913~~000.5800 01.8471 ~~112~~111 5.~~5500~~6900 1.~~330000~~320000 1.35 to 1.39 45 8594,~~430,~~138,982.5137 89.2510 ~~112~~111 6.~~0704~~0222 1.~~360793~~363498 1.40 to 1.44 1 4,~~065~~061,~~836~~785.8785 0.39 ~~112~~111 5.4700 1.440000 1.45 to 1.49 57 69101,~~216~~918,~~484~~474.8925 69.6985 6981 5.~~3333~~4302 1.~~473715~~469016 1.50 to 1.54 32 2118,~~612~~599,~~297~~174.0039 21.0980 ~~107~~106 5.~~8834~~8193 1.~~521064~~522850 1.55 to 1.59 3 105,~~960~~950,~~869~~497.3107 10.2324 ~~109~~108 5.3221 1.~~553227~~553224 1.60 to 1.69 2 2,~~609~~604,~~572~~692.1962 0.25 9190 5.7791 1.~~634908~~634915 1.70 to 1.79 2 6,~~666~~658,~~788~~361.7429 0.64 ~~111~~110 5.8473 1.~~760794~~760788 1.80 to 1.89 2 66,~~887~~878,~~279~~588.8797 6.46 7978 4.~~9759~~9758 1.~~885164~~885168 1.90 to 1.99 3 22,~~203~~181,~~874~~263.8482 2.14 ~~111~~110 5.~~4230~~4231 1.~~950368~~950365 2.00 to 2.04 1 25,~~852~~825,~~717~~256.2612 2.50 ~~108~~107 5.3020 2.019420 2.05 to 2.09 1 60,000,000.00 5.80 ~~110~~109 5.7600 2.080000 2.10 to 2.24 1 21,613,000.00 2.09 5251 4.8000 2.230000 2.25 and greater 1 19,~~590~~573,~~616~~919.2456 1.89 ~~171~~170 6.1200 2.600000 Totals 41 874,~~858~~178,~~304~~803.7762 84.50 ~~105~~104 5.~~4064~~4065 1.~~513750~~528000

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 1 13,~~311~~299,~~090~~174.9339 1.29 ~~105~~104 6.0900 1.520000 Mixed Use 1 2,~~603~~600,~~266~~691.4030 0.25 ~~112~~111 5.5000 1.060000 Mobile Home Park 9 32,~~784~~748,~~157~~158.8724 3.17 6665 5.0747 1.~~554731~~554733 Multi-Family 1 11,~~325~~310,~~986~~254.68 1.09 ~~110~~109 5.9200 1.200000 Office 10 292,~~778~~727,~~041~~309.9920 28.2829 ~~109~~108 5.7021 1.~~589498~~589533 Retail 39 515,~~567~~016,~~121~~791.1734 49.8078 ~~106~~105 5.~~2248~~2249 1.~~475464~~499590 Self Storage 5 6,~~488~~476,~~639~~424.7347 0.63 ~~129~~128 5.8271 1.~~647689~~647878 Totals 66 874,~~858~~178,~~304~~803.7762 84.50 ~~105~~104 5.~~4064~~4065 1.~~513750~~528000

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 5.249 or less 8 277,~~682~~412,~~566~~904.3511 26.8281 8988 4.~~7886~~7888 1.~~540452~~540678 5.250 to 5.499 7 163,~~957~~887,~~912~~456.2451 15.84 ~~110~~109 5.3337 1.~~569784~~569769 5.500 to 5.749 9 177,~~640~~462,~~522~~724.6797 17.1615 ~~110~~109 5.6005 1.~~226158~~296805 5.750 to 5.999 12 128,~~904~~795,~~321~~348.2614 12.45 ~~108~~107 5.8001 1.~~739805~~740091 6.000 to 6.249 3 107,~~901~~873,~~707~~093.1795 10.4243 ~~122~~121 6.1441 1.~~604872~~604728 6.250 or greater 2 18,~~771~~747,275.0894 1.81 ~~159~~158 6.3976 1.~~274767~~265173 Totals 41 874,~~858~~178,~~304~~803.7762 84.50 ~~105~~104 5.~~4064~~4065 1.~~513750~~528000

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less 3937 ~~860~~831,~~759~~271,~~555~~266.7596 8380.1435 ~~105~~104 5.~~3954~~3953 1.~~513574~~513074 13 to 24 months 24 1442,~~098~~907,~~749~~536.0266 14.3615 ~~102~~105 65.~~0738~~6237 1.~~524469~~817167 25 to 36 months 0 0.00 0.00 0 0.0000 0.000000 37 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 41 874,~~858~~178,~~304~~803.7762 84.50 ~~105~~104 5.~~4064~~4065 1.~~513750~~528000

Anticipated Remaining Term (ARD and Balloon Loans) Anticipated # of Scheduled % of WAM WAC Weighted Remaining Term (2) Loans Balance Agg. (2) Avg DSCR (1) Bal. 60 months or less 4 69,~~697~~668,~~536~~416.0900 6.73 5150 5.0166 1.~~709391~~709492 61 to 84 months 1 58,800,000.00 5.68 7473 4.9519 1.890000 85 to 108 months 67 ~~163~~258,~~204~~522,~~937~~037.4524 1524.7699 106 5.~~6395~~5156 1.~~374143~~438482 109 to 120 months 2726 ~~546~~450,~~144~~218,~~149~~879.5676 5243.7552 ~~111~~110 5.~~3794~~3957 1.~~459988~~468837 121 to 156 months 0 0.00 0.00 0 0.0000 0.000000 169 to 180 months 21 3519,~~360~~573,~~685~~919.2556 31.4289 170 6.~~2538~~1200 12.~~989011~~600000 181 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 40 ~~873~~872,~~207~~533,~~308~~269.3508 84.34 ~~105~~104 5.~~4057~~4058 1.~~514229~~528505

Remaining Stated Term (Fully Amortizing Loans) Remaining Stated # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 60 months or less 0 0.00 0.00 0 0.0000 0.000000 61 to 84 months 0 0.00 0.00 0 0.0000 0.000000 85 to 108 months 0 0.00 0.00 0 0.0000 0.000000 109 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 180 months 0 0.00 0.00 0 0.0000 0.000000 181 months or greater 1 1,~~650~~645,~~996~~534.4254 0.16 ~~183~~182 5.7600 1.260000 Totals 1 1,~~650~~645,~~996~~534.4254 0.16 ~~183~~182 5.7600 1.260000

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 2 44,213,000.00 4.27 5150 4.9840 1.851740 192 months or less 0 0.00 0.00 0 0.0000 0.000000 229 to 264 months 10 ~~18,386,856~~0.3200 10.7800 980 50.~~8100~~0000 10.~~270000~~000000 265 to 300 months 8 ~~269~~268,~~131~~705,~~487~~331.0007 2625.0097 ~~114~~113 5.~~1733~~1734 1.~~232471~~231801 301 to 348 months 36 99122,~~163~~516,~~808~~076.1906 911.5884 ~~109~~108 5.~~6849~~7002 1.~~989036~~918371 349 months or greater 2421 ~~435~~412,~~570~~025,~~246~~668.0061 4239.0783 ~~105~~104 5.~~5041~~4894 1.~~556453~~583320 Totals 40 ~~873~~872,~~207~~533,~~308~~269.3508 84.34 ~~105~~104 5.~~4057~~4058 1.~~514229~~528505

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 1716 ~~383~~374,~~554~~654,~~590~~700.2316 3736.0521 9695 5.~~3632~~3587 1.~~704580~~713411 1 year or less 2425 ~~491~~499,~~303~~524,~~714~~103.5446 4748.4528 ~~112~~111 5.~~4401~~4423 1.~~364771~~388936 1 to 2 years 0 0.00 0.00 0 0.0000 0.000000 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 41 874,~~858~~178,~~304~~803.7762 84.50 ~~105~~104 5.~~4064~~4065 1.~~513750~~528000 (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.

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. 2,000,000 or less 1 1,~~968~~965,~~359~~571.5488 0.19 ~~109~~108 5.8500 1.410000 2,000,001 to 4,000,000 1 3,~~236~~233,~~918~~708.2360 0.31 ~~112~~111 5.4900 1.370000 4,000,001 to 6,000,000 1 5,~~508~~503,~~534~~172.4235 0.53 ~~111~~110 5.5900 1.160000 6,000,001 to 9,000,000 1 8,150,000.00 0.79 5251 4.5900 2.~~240000~~120000 9,000,001 to 10,000,000 2 19,~~118~~098,~~784~~994.6096 1.85 ~~112~~111 5.3100 1.~~431076~~565538 10,000,001 to 15,000,000 4 48,100,000.00 4.65 9493 5.1819 1.318565 15,000,001 to 20,000,000 1 18,240,000.00 1.76 7675 4.7500 1.460000 20,000,001 to 25,000,000 1 20,400,000.00 1.97 7473 5.3200 1.080000 25,000,001 and greater 1 35,~~735~~699,~~288~~993.3294 3.45 ~~111~~110 5.5300 1.372189 Totals 13 160,~~457~~391,~~885~~441.1173 15.50 9493 5.~~2415~~2414 1.~~373178~~383092

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Arizona 1 11,000,000.00 1.06 ~~112~~111 5.1700 1.420000 California 3 21,~~539~~517,~~464~~284.5913 2.08 ~~112~~111 5.3347 1.~~424458~~543808 Colorado 2 22,250,000.00 2.15 8988 5.0970 1.~~631640~~587685 Florida 2 13,~~374~~361,~~256~~047.9469 1.29 ~~111~~110 5.5300 1.372189 Illinois 1 3,~~236~~233,~~918~~708.2360 0.31 ~~112~~111 5.4900 1.370000 Kansas 3 43,400,000.00 4.19 7574 5.1822 1.193249 New York 2 7,~~383~~375,~~073~~781.9698 0.71 ~~111~~110 5.5300 1.372189 Oklahoma 1 18,240,000.00 1.76 7675 4.7500 1.460000 Utah 3 14,~~964~~949,~~315~~614.6244 1.45 ~~111~~110 5.5521 1.~~294080~~294079 Virginia 1 1,~~968~~965,~~359~~571.5488 0.19 ~~109~~108 5.8500 1.410000 Wyoming 1 3,~~101~~098,~~496~~433.2300 0.30 ~~111~~110 5.5300 1.372189 Totals 20 160,~~457~~391,~~885~~441.1173 15.50 9493 5.~~2415~~2414 1.~~373178~~383092

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 2 25,~~908~~903,~~534~~172.4235 2.50 8281 5.3774 1.~~097009~~096996 1.25 to 1.29 2 26,600,000.00 2.57 9493 5.2349 1.280000 1.30 to 1.34 1 10,500,000.00 1.01 7574 5.0600 1.310000 1.35 to 1.39 32 4838,~~325~~933,~~887~~702.2654 43.6776 ~~111~~110 5.~~4847~~5267 1.~~373554~~372007 1.40 to 1.44 2 12,~~968~~965,~~359~~571.5488 1.25 ~~112~~111 5.~~2732~~2731 1.~~418482~~418484 1.45 to 1.49 21 2818,~~005~~240,~~103~~000.8900 21.7076 8975 4.~~9453~~7500 1.~~466974~~460000 1.50 to 1.54 01 09,343,998.0082 0.0090 0111 05.~~0000~~3100 01.~~000000~~540000 1.55 to 1.59 01 09,754,996.0014 0.0094 0111 05.~~0000~~3100 01.~~000000~~590000 1.60 and greater 1 8,150,000.00 0.79 5251 4.5900 2.~~240000~~120000 Totals 13 160,~~457~~391,~~885~~441.1173 15.50 9493 5.~~2415~~2414 1.~~373178~~383092

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Mobile Home Park 8 35,~~735~~699,~~288~~993.3294 3.45 ~~111~~110 5.5300 1.372189 Multi-Family 12 124,~~722~~691,~~596~~447.79 12.05 9089 5.1588 1.~~373462~~386213 Totals 20 160,~~457~~391,~~885~~441.1173 15.50 9493 5.~~2415~~2414 1.~~373178~~383092

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 5.249 or less 5 60,390,000.00 5.8384 7978 4.9230 1.~~494641~~478447 5.250 to 5.499 5 56,~~855~~832,~~702~~703.8356 5.49 9897 5.3437 1.~~264165~~309288 5.500 to 5.749 2 41,~~243~~203,~~822~~166.7429 3.98 ~~111~~110 5.5380 1.343849 5.750 or greater 1 1,~~968~~965,~~359~~571.5488 0.19 ~~109~~108 5.8500 1.410000 Totals 13 160,~~457~~391,~~885~~441.1173 15.50 9493 5.~~2415~~2414 1.~~373178~~383092

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less 13 160,~~457~~391,~~885~~441.1173 15.50 9493 5.~~2415~~2414 1.~~373178~~383092 13 to 24 months 0 0.00 0.00 0 0.0000 0.000000 25 to 36 months 0 0.00 0.00 0 0.0000 0.000000 37 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 13 160,~~457~~391,~~885~~441.1173 15.50 9493 5.~~2415~~2414 1.~~373178~~383092

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 1 8,150,000.00 0.79 5251 4.5900 2.~~240000~~120000 61 to 84 months 4 61,640,000.00 5.9596 7574 5.0543 1.272184 109 months or greater 87 9088,~~667~~635,~~885~~869.1185 8.7657 ~~111~~110 5.~~4273~~4179 1.~~363921~~391865 Totals 13 160,~~457~~391,~~885~~441.1173 15.50 9493 5.~~2415~~2414 1.~~373178~~383092

Remaining Amortization Term (ARD and Balloon Loans) Remaining Amortization # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. Interest Only 1 8,150,000.00 0.79 5251 4.5900 2.~~240000~~120000 300 months or less 1 1,~~968~~965,~~359~~571.5488 0.19 ~~109~~108 5.8500 1.410000 301 to 348 months 1 18,240,000.00 1.76 7675 4.7500 1.460000 349 months or greater 10 132,~~099~~035,~~525~~869.5785 12.76 9998 5.~~3405~~3404 1.~~307162~~326580 Totals 13 160,~~457~~391,~~885~~441.1173 15.50 9493 5.~~2415~~2414 1.~~373178~~383092

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 4 79,~~075~~039,~~288~~993.3294 7.64 ~~103~~102 5.~~2750~~2749 1.~~382657~~382661 1 year or less 9 81,~~382~~351,~~596~~447.79 7.86 8685 5.~~2089~~2088 1.~~363968~~383510 1 to 2 years 0 0.00 0.00 0 0.0000 0.000000 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 13 160,~~457~~391,~~885~~441.1173 15.50 9493 5.~~2415~~2414 1.~~373178~~383092 (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 502801313 1 RT Waterbury CT ~~486~~502,~~902~~194.0422 ~~239~~224,~~374~~082.5537 4.550% 502804517 2 RT Greensboro NC ~~451~~466,~~987~~303.6617 ~~155~~141,~~684~~369.5908 5.600% 316000017 3 OF New York NY ~~422~~436,~~379~~458.4476 0.00 5.304% 502794112 4 OF Jacksonville FL ~~385~~397,~~000~~833.0033 0.00 6.160% 316000011 5 OF New York NY ~~288~~297,~~000~~600.00 0.00 5.760% 837000006 6 RT Hialeah FL ~~242~~250,~~643~~731.1020 0.00 4.952% 737000007 7 MH Various Various ~~164~~170,~~867~~169.2046 4035,~~596~~294.6438 5.530% 502781529 8 RT Palmdale CA ~~138~~142,~~136~~740.0053 0.00 5.570% 837000009 9 RT Bay City MI ~~114~~118,~~363~~033.4745 3127,~~131~~461.1214 5.302% 502798601 10 RT Gilbert AZ ~~112~~116,~~752~~377.7516 2825,~~661~~037.8847 5.430% 737000011 11 MH Various Various ~~104~~107,~~061~~397.6612 3027,~~644~~308.1973 5.050% 502796931 12 OF San Diego CA 97100,~~180~~419.0033 0.00 5.160% 502789416 13 RT Colma CA 8689,~~452~~333.0073 0.00 4.800% 737000014 14 MF Overland Park KS 9093,~~440~~454.0067 0.00 5.320% 502764212 15 RT Tuscaloosa AL ~~100~~103,~~013~~242.7655 1916,~~925~~696.4768 6.120% 502790118 16 Various Various Various 8991,~~233~~990.1746 4340,~~403~~646.3102 5.810% 502778326 17 MF Oklahoma City OK 7274,~~200~~606.0067 0.00 4.750% 502792814 18 RT Poway CA 8386,~~737~~529.8309 0.00 5.690% 837000019 19 OF Englewood CO 8487,~~491~~182.5520 2220,~~743~~052.1449 6.420% 502796111 20 MF Aurora CO 6365,~~332~~443.5058 0.00 5.390% 502806836 21 IN Covina CA 6769,~~625~~805.3358 1411,~~096~~916.7954 6.090% 737000022 22 MF Overland Park KS 5254,~~708~~465.3328 0.00 5.060% 502796214 23 MF Boston MA 5557,~~961~~737.2436 1715,~~508~~732.1200 5.920% 502804516 24 MF Tucson AZ 4748,~~391~~971.6739 0.00 5.170% 737000025 25 MF Overland Park KS 4445,~~275~~750.0083 0.00 5.060% 502793002 26 OF Fairfax VA 4849,~~251~~805.1404 109,~~964~~410.3242 5.770% 737000027 27 MF Sacramento CA 4344,~~261~~650.4694 1110,~~497~~107.2375 5.310% 737000028 28 MF Sacramento CA 4142,~~438~~769.7771 119,~~012~~681.8389 5.310% 502780123 29 RT Fort Myers FL 4041,~~412~~712.0615 98,~~829~~529.7869 5.550% 502792613 30 RT Montgomery AL 3435,~~529~~634.1585 109,~~686~~580.0131 4.920% 502800303 31 MH Doylestown PA 3435,~~749~~864.9984 98,~~805~~690.7590 5.150% 502799813 32 MF Denver CO 3132,~~173~~212.7588 0.00 4.590% 502768421 33 RT Punta Gorda FL 3435,~~751~~850.1294 1211,~~251~~151.6482 5.550% 502756429 34 OF Seattle WA 3536,~~232~~366.4434 87,~~299~~165.7484 5.670% 737000035 35 RT Olympia WA 3334,~~594~~674.8851 87,~~613~~533.6198 5.420% 502779324 36 RT Phoenix AZ 3031,~~698~~687.2832 65,~~853~~864.9187 5.800% 502794406 37 RT Various Various 2930,~~294~~199.2864 1413,~~021~~116.8044 5.890% 502766410 38 RT Mechanicsville VA 2930,~~119~~057.3980 65,~~372~~434.8847 5.875% 502803810 39 MF North Salt Lake UT 2526,~~689~~515.4294 65,~~188~~362.5907 5.590% 502798307 40 RT Bethpage NY 2223,~~701~~458.6739 0.00 5.140% 503785701 41 SS Various SC 2324,~~620~~369.0963 76,~~502~~753.9238 5.850% 737000042 42 RT New Haven CT 1920,~~746~~382.8008 4,~~803~~167.1991 5.550% 502794019 43 RT Germantown TN 1819,~~554~~151.6322 4,~~647~~051.6102 5.470% 502800408 44 MF Champaign IL 1415,~~825~~302.7753 3,~~686~~209.3963 5.490% 737000045 45 RT Harrison OH 14,~~340~~801.8041 3,~~787~~326.4281 5.340% 737000046 46 RT Ridgecrest CA 1516,~~729~~229.5886 43,~~446~~946.9365 6.280% 502790941 47 RT Tacoma WA 14,~~027~~478.2481 32,~~289~~838.8326 5.650% 737000048 48 RT Cincinnati OH 13,~~127~~548.3598 3,~~466~~045.9431 5.340% 502793611 49 MU Richmond VA 1112,~~945~~329.2036 2,~~959~~575.2610 5.500% 737000050 50 MF Colonial Heights VA 9,~~610~~915.8361 32,~~092~~787.4466 5.850% 502793003 51 RT Asbury Park NJ 89,~~776~~052.4538 3,~~344~~068.1421 5.770% 737000052 52 RT Houston TX 89,~~911~~198.3957 1,~~961~~674.2507 5.840% 737000053 53 SS Tucson AZ 78,~~952~~188.1494 5,~~698~~461.6888 5.760% 737000054 54 RT Sinton TX 3,~~816~~933.3491 1,~~928~~811.9336 5.800% Totals 4,~~646~~797,~~018~~115.1170 ~~824~~745,~~783~~944.8260

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 502801313 N/A 04/11/2014 N 128,~~413~~174,~~724~~349.4080 ~~128~~127,~~174~~950,~~349~~267.8050 1201/11/~~2004~~2005 502804517 N/A 12/11/2013 N 96,~~854~~698,~~498~~814.7112 96,~~698~~557,~~814~~445.1204 1201/11/~~2004~~2005 316000017 01/11/2014 01/11/2034 N 95,555,555.66 95,555,555.66 1201/11/~~2004~~2005 502794112 04/11/2014 04/11/2036 N 75,000,000.00 75,000,000.00 1201/11/~~2004~~2005 316000011 02/11/2014 02/11/2028 N 60,000,000.00 60,000,000.00 1201/11/~~2004~~2005 837000006 N/A 02/01/2011 N 58,800,000.00 58,800,000.00 1201/01/~~2004~~2005 737000007 N/A 03/01/2014 N 35,~~775~~735,~~884~~288.9632 35,~~735~~699,~~288~~993.3294 1201/01/~~2004~~2005 502781529 04/11/2014 04/11/2036 N 29,760,000.00 29,760,000.00 1201/11/~~2004~~2005 837000009 N/A 12/01/2013 N 25,~~883~~852,~~848~~717.3826 25,~~852~~825,~~717~~256.26 12 01/01/~~2004~~2005 502798601 04/11/2014 04/11/2034 N 24,~~917~~889,~~734~~072.6981 24,~~889~~864,~~072~~035.8134 1201/11/~~2004~~2005 737000011 N/A 03/01/2009 N 24,~~727~~696,~~522~~878.1900 24,~~696~~669,~~878~~569.0027 1201/01/~~2004~~2005 502796931 03/11/2009 03/11/2014 N 22,600,000.00 22,600,000.00 1201/11/~~2004~~2005 502789416 04/11/2009 04/11/2029 N 21,613,000.00 21,613,000.00 1201/11/~~2004~~2005 737000014 N/A 02/11/2011 N 20,400,000.00 20,400,000.00 1201/11/~~2004~~2005 502764212 03/11/2019 03/11/2034 N 19,~~610~~590,~~541~~616.7124 19,~~590~~573,~~616~~919.2456 1201/11/~~2004~~2005 502790118 02/11/2013 02/11/2024 N 18,~~430~~386,~~259~~856.6332 18,~~386~~346,~~856~~210.3230 1201/11/~~2004~~2005 502778326 N/A 04/11/2011 N 18,240,000.00 18,240,000.00 1201/11/~~2004~~2005 502792814 N/A 04/11/2014 N 17,660,000.00 17,660,000.00 1201/11/~~2004~~2005 837000019 N/A 01/01/2019 N 15,~~792~~770,~~812~~069.1501 15,~~770~~750,~~069~~016.0152 1201/01/~~2004~~2005 502796111 03/11/2014 03/11/2034 N 14,100,000.00 14,100,000.00 1201/11/~~2004~~2005 502806836 N/A 09/01/2013 N 13,~~325~~311,~~187~~090.7293 13,~~311~~299,~~090~~174.9339 1201/01/~~2004~~2005 737000022 N/A 03/11/2011 N 12,500,000.00 12,500,000.00 1201/11/~~2004~~2005 502796214 02/11/2014 02/11/2029 N 11,~~343~~325,~~494~~986.8068 11,~~325~~310,~~986~~254.68 1201/11/~~2004~~2005 502804516 04/11/2014 04/11/2034 N 11,000,000.00 11,000,000.00 1201/11/~~2004~~2005 737000025 N/A 03/11/2011 N 10,500,000.00 10,500,000.00 1201/11/~~2004~~2005 502793002 02/11/2014 02/11/2024 N 10,~~034~~023,~~900~~935.0573 10,~~023~~014,~~935~~525.7331 1201/11/~~2004~~2005 737000027 N/A 04/11/2014 N 9,~~776~~765,~~601~~103.1289 9,~~765~~754,~~103~~996.8914 1201/11/~~2004~~2005 737000028 N/A 04/11/2014 N 9,~~364~~353,~~693~~680.5471 9,~~353~~343,~~680~~998.7182 1201/11/~~2004~~2005 502780123 N/A 04/11/2014 N 8,~~737~~727,~~743~~913.3658 8,~~727~~719,~~913~~383.5889 1201/11/~~2004~~2005 502792613 03/11/2014 03/11/2034 N 8,~~421~~411,~~744~~058.6968 8,~~411~~401,~~058~~478.6837 1201/11/~~2004~~2005 502800303 04/11/2014 04/11/2024 N 8,~~097~~087,~~085~~279.6287 8,~~087~~078,~~279~~588.8797 1201/11/~~2004~~2005 502799813 N/A 04/11/2009 N 8,150,000.00 8,150,000.00 1201/11/~~2004~~2005 502768421 02/11/2014 02/11/2034 N 7,~~513~~501,~~755~~503.5591 7,~~501~~490,~~503~~352.9109 1201/11/~~2004~~2005 502756429 02/11/2014 02/11/2034 N 7,~~456~~448,~~601~~302.8814 7,~~448~~441,~~302~~136.1430 1201/11/~~2004~~2005 737000035 03/11/2014 03/11/2034 N 7,~~437~~429,~~980~~367.7009 7,~~429~~421,~~367~~833.0911 1201/11/~~2004~~2005 502779324 03/11/2014 03/11/2034 N 6,~~351~~344,~~367~~514.9302 6,~~344~~338,~~514~~649.0215 1201/11/~~2004~~2005 502794406 01/11/2013 01/11/2024 N 5,~~968~~954,~~274~~252.5575 5,~~954~~941,~~252~~136.7531 1201/11/~~2004~~2005 502766410 N/A 02/11/2014 N 5,~~947~~941,~~791~~418.2941 5,~~941~~935,~~418~~983.4194 1201/11/~~2004~~2005 502803810 03/11/2014 03/11/2034 N 5,~~514~~508,~~723~~534.0142 5,~~508~~503,~~534~~172.4235 1201/11/~~2004~~2005 502798307 N/A 03/11/2014 N 5,300,000.00 5,300,000.00 1201/11/~~2004~~2005 503785701 03/11/2014 03/11/2034 N 4,~~845~~837,~~146~~643.2331 4,~~837~~830,~~643~~889.3193 1201/11/~~2004~~2005 737000042 04/11/2014 04/11/2034 N 4,~~269~~264,~~579~~775.1596 4,~~264~~260,~~775~~608.9605 1201/11/~~2004~~2005 502794019 04/11/2014 04/11/2024 N 4,~~070~~065,~~484~~836.4887 4,~~065~~061,~~836~~785.8785 1201/11/~~2004~~2005 502800408 04/11/2014 04/11/2034 N 3,~~240~~236,~~604~~918.6223 3,~~236~~233,~~918~~708.2360 1201/11/~~2004~~2005 737000045 03/11/2014 03/11/2034 N 3,~~222~~218,~~651~~863.3896 3,~~218~~215,~~863~~537.9615 1201/11/~~2004~~2005 737000046 N/A 12/11/2013 N 3,~~005~~001,~~653~~206.0007 32,~~001~~997,~~206~~259.0742 1201/11/~~2004~~2005 502790941 04/11/2014 04/11/2034 N 2,~~979~~975,~~236~~946.3956 2,~~975~~973,~~946~~108.5630 1201/11/~~2004~~2005 737000048 03/11/2014 03/11/2034 N 2,~~949~~946,~~965~~498.5359 2,~~946~~943,~~498~~453.5928 1201/11/~~2004~~2005 502793611 04/11/2014 04/11/2034 N 2,~~606~~603,~~225~~266.6640 2,~~603~~600,~~266~~691.4030 1201/11/~~2004~~2005 737000050 N/A 01/11/2014 N 1,~~971~~968,~~451~~359.9854 1,~~968~~965,~~359~~571.5488 1201/11/~~2004~~2005 502793003 N/A 03/11/2014 N 1,~~825~~821,~~258~~914.2410 1,~~821~~818,~~914~~845.1089 1201/11/~~2004~~2005 737000052 N/A 03/11/2014 N 1,~~831~~829,~~106~~145.6843 1,~~829~~827,~~145~~471.4336 1201/11/~~2004~~2005 737000053 N/A 03/11/2020 N 1,~~656~~650,~~695~~996.1042 1,~~650~~645,~~996~~534.4254 1201/11/~~2004~~2005 737000054 N/A 10/11/2008 N ~~789,587.02~~ 787,658.09 12785,846.73 01/11/~~2004~~2005 Totals 1,~~036~~035,~~140~~316,~~973~~189.7588 1,~~035~~034,~~316~~570,~~189~~245.8835

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 01/18/2005 0 $0.00 0 $0.00 0 $0.00 12/17/2004 0 $0.00 0 $0.00 0 $0.00 11/18/2004 0 $0.00 0 $0.00 0 $0.00 10/18/2004 0 $0.00 0 $0.00 0 $0.00 09/17/2004 0 $0.00 0 $0.00 0 $0.00 08/17/2004 0 $0.00 0 $0.00 0 $0.00 07/16/2004 0 $0.00 0 $0.00 0 $0.00 06/17/2004 0 $0.00 0 $0.00 0 $0.00 05/17/2004 0 $0.00 0 $0.00 0 $0.00

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 01/18/2005 0 $0.00 0 $0.00 0 $0.00 12/17/2004 0 $0.00 0 $0.00 0 $0.00 11/18/2004 0 $0.00 0 $0.00 0 $0.00 10/18/2004 0 $0.00 0 $0.00 0 $0.00 09/17/2004 0 $0.00 0 $0.00 0 $0.00 08/17/2004 0 $0.00 0 $0.00 0 $0.00 07/16/2004 0 $0.00 0 $0.00 0 $0.00 06/17/2004 0 $0.00 0 $0.00 0 $0.00 05/17/2004 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 5.380875% 5.337259% 103 12/17/2004 0 $0.00 0 $0.00 5.380814% 5.337198% 104 11/18/2004 0 $0.00 0 $0.00 5.380756% 5.337139% 105 10/18/2004 0 $0.00 0 $0.00 5.380696% 5.337078% 106 09/17/2004 0 $0.00 0 $0.00 5.380638% 5.337020% 107 08/17/2004 0 $0.00 0 $0.00 5.380578% 5.336959% 108 07/16/2004 0 $0.00 0 $0.00 5.380518% 5.336899% 109 06/17/2004 0 $0.00 0 $0.00 5.380460% 5.336841% 110 05/17/2004 0 $0.00 0 $0.00 5.380401% 5.336781% 111 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

Delinquency Loan Detail No Delinquent Loans this Period 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 Pass Thr Certs Ser 2004-C11