8-K 1 bsc04pr5_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 11, 2005 (Date of earliest event reported) Commission File No.: 333-86366-08 Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2004-PWR5 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2162563 54-2162564 54-2162565 54-6643069 54-6643070 (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 11, 2005, a distribution was made to holders of Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2004-PWR5. 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-PWR5, relating to the January 11, 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. Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2004-PWR5 (Registrant) By: Wells Fargo Bank, N.A. as Certificate Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: January 11, 2005 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2004-PWR5, relating to the January 11, 2005 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2004-PWR5 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 11, 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 - 10 Mortgage Loan Detail 11 - 15 Principal Prepayment Detail 16 Historical Detail 17 Delinquency Loan Detail 18 - 19 Specially Serviced Loan Detail 20 - 21 Modified Loan Detail 22 Liquidated Loan Detail 23 Defeased Loan Detail 24 Depositor Bear Stearns Commercial Mortgage Securities Inc. 383 Madison Avenue New York, NY 10179 Contact: General Information Number Phone Number: (212) 272-2000 Master Servicer Wells Fargo Bank, N.A. 45 Fremont Street, 2nd Floor investorreporting@wellsfargo.com San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (415) 222-2364 Master Servicer Prudential Asset Resources, Inc. 2200 Ross Avenue, Suite 4900E Dallas, TX 75201 Contact: Hal Collett Phone Number: (214) 721-6032 General Special Servicer Midland Loan Services, Inc. 10851 Mastin Street, Bldg. 82 Suite 700 Overland Park, KS 66210 Contact: Brad Hauger Phone Number: (913) 253-9000 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 07383FP93 3.762000% 107,000,000.00 ~~105~~104,~~934~~737,~~672~~529.6542 1,~~197~~076,~~143~~772.2350 ~~332~~328,~~105~~352.2015 A-2 07383FQ27 4.254000% 156,000,000.00 156,000,000.00 0.00 553,020.00 A-3 07383FQ35 4.565000% 134,000,000.00 134,000,000.00 0.00 509,758.33 A-4 07383FQ43 4.831000% 100,000,000.00 100,000,000.00 0.00 402,583.33 A-5 07383FQ50 4.978000% 579,079,000.00 579,079,000.00 0.00 2,402,212.72 B 07383FQ76 5.055000% 29,291,000.00 29,291,000.00 0.00 123,388.34 C 07383FQ84 5.087000% 9,250,000.00 9,250,000.00 0.00 39,212.29 D 07383FQ92 5.143000% 20,042,000.00 20,042,000.00 0.00 85,896.67 E 07383FR34 5.222000% 13,875,000.00 13,875,000.00 0.00 60,379.38 F 07383FR42 5.483000% 15,416,000.00 15,416,000.00 0.00 70,438.27 G 07383FR59 5.~~649367~~649424% 9,250,000.00 9,250,000.00 0.00 43,547.2065 H 07383FR67 5.~~726367~~726424% 18,500,000.00 18,500,000.00 0.00 88,~~281~~282.4938 J 07383FR75 4.693000% 4,625,000.00 4,625,000.00 0.00 18,087.60 K 07383FR83 4.693000% 4,625,000.00 4,625,000.00 0.00 18,087.60 L 07383FR91 4.693000% 6,167,000.00 6,167,000.00 0.00 24,118.11 M 07383FS25 4.693000% 4,625,000.00 4,625,000.00 0.00 18,087.60 N 07383FS33 4.693000% 4,625,000.00 4,625,000.00 0.00 18,087.60 P 07383FS41 4.693000% 3,083,000.00 3,083,000.00 0.00 12,057.10 Q 07383FS58 4.693000% 13,875,641.00 13,875,641.00 0.00 54,265.32 R-I N/A 0.000000% 0.00 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 0.00 R-III N/A 0.000000% 0.00 0.00 0.00 0.00 V N/A 0.000000% 0.00 0.00 0.00 0.00 Totals 1,233,328,641.00 1,~~232~~231,~~263~~066,~~313~~170.6542 1,~~197~~076,~~143~~772.2350 4,~~873~~869,~~614~~862.1544

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 07383FP93 0.00 0.00 1,~~529~~405,~~248~~124.4365 ~~104~~103,~~737~~660,~~529~~756.4292 12.7778% A-2 07383FQ27 0.00 0.00 553,020.00 156,000,000.00 12.7778% A-3 07383FQ35 0.00 0.00 509,758.33 134,000,000.00 12.7778% A-4 07383FQ43 0.00 0.00 402,583.33 100,000,000.00 12.7778% A-5 07383FQ50 0.00 0.00 2,402,212.72 579,079,000.00 12.7778% B 07383FQ76 0.00 0.00 123,388.34 29,291,000.00 10.3940% C 07383FQ84 0.00 0.00 39,212.29 9,250,000.00 9.6465% D 07383FQ92 0.00 0.00 85,896.67 20,042,000.00 8.0102% E 07383FR34 0.00 0.00 60,379.38 13,875,000.00 6.89% F 07383FR42 0.00 0.00 70,438.27 15,416,000.00 5.64% G 07383FR59 0.00 0.00 43,547.2065 9,250,000.00 4.8889% H 07383FR67 0.00 0.00 88,~~281~~282.4938 18,500,000.00 3.38% J 07383FR75 0.00 0.00 18,087.60 4,625,000.00 3.01% K 07383FR83 0.00 0.00 18,087.60 4,625,000.00 2.63% L 07383FR91 0.00 0.00 24,118.11 6,167,000.00 2.13% M 07383FS25 0.00 0.00 18,087.60 4,625,000.00 1.75% N 07383FS33 0.00 0.00 18,087.60 4,625,000.00 1.38% P 07383FS41 0.00 0.00 12,057.10 3,083,000.00 1.13% Q 07383FS58 0.00 0.00 54,265.32 13,875,641.00 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% R-III N/A 0.00 0.00 0.00 0.00 0.00% V N/A 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 65,~~070~~946,~~757~~634.3894 1,~~231~~229,~~066~~989,~~170~~397.4292

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount X1 07383FR26 0.~~069325~~067644% 1,233,328,641.00 1,~~232~~231,~~263~~066,~~313~~170.6542 7169,~~188~~394.8099 X2 07383FQ68 0.~~939981~~939873% 1,194,309,000.00 1,194,309,000.00 935,~~523~~415.5633

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount X1 07383FR26 0.00 7169,~~188~~394.8099 1,~~231~~229,~~066~~989,~~170~~397.4292 X2 07383FQ68 0.00 935,~~523~~415.5633 1,194,309,000.00 (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 07383FP93 ~~990~~978.~~04366963~~85541514 1110.~~18825449~~06329439 3.~~10378692~~06871168 0.00000000 0.00000000 ~~978~~968.~~85541514~~79212075 A-2 07383FQ27 1,000.00000000 0.00000000 3.54500000 0.00000000 0.00000000 1,000.00000000 A-3 07383FQ35 1,000.00000000 0.00000000 3.80416664 0.00000000 0.00000000 1,000.00000000 A-4 07383FQ43 1,000.00000000 0.00000000 4.02583330 0.00000000 0.00000000 1,000.00000000 A-5 07383FQ50 1,000.00000000 0.00000000 4.14833334 0.00000000 0.00000000 1,000.00000000 B 07383FQ76 1,000.00000000 0.00000000 4.21250009 0.00000000 0.00000000 1,000.00000000 C 07383FQ84 1,000.00000000 0.00000000 4.23916649 0.00000000 0.00000000 1,000.00000000 D 07383FQ92 1,000.00000000 0.00000000 4.28583325 0.00000000 0.00000000 1,000.00000000 E 07383FR34 1,000.00000000 0.00000000 4.35166703 0.00000000 0.00000000 1,000.00000000 F 07383FR42 1,000.00000000 0.00000000 4.56916645 0.00000000 0.00000000 1,000.00000000 G 07383FR59 1,000.00000000 0.00000000 4.~~70780541~~70785405 0.00000000 0.00000000 1,000.00000000 H 07383FR67 1,000.00000000 0.00000000 4.~~77197243~~77202054 0.00000000 0.00000000 1,000.00000000 J 07383FR75 1,000.00000000 0.00000000 3.91083243 0.00000000 0.00000000 1,000.00000000 K 07383FR83 1,000.00000000 0.00000000 3.91083243 0.00000000 0.00000000 1,000.00000000 L 07383FR91 1,000.00000000 0.00000000 3.91083347 0.00000000 0.00000000 1,000.00000000 M 07383FS25 1,000.00000000 0.00000000 3.91083243 0.00000000 0.00000000 1,000.00000000 N 07383FS33 1,000.00000000 0.00000000 3.91083243 0.00000000 0.00000000 1,000.00000000 P 07383FS41 1,000.00000000 0.00000000 3.91083360 0.00000000 0.00000000 1,000.00000000 Q 07383FS58 1,000.00000000 0.00000000 3.91083338 0.00000000 0.00000000 1,000.00000000 R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 V N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000

Class CUSIP Beginning Interest Prepayment Ending Notional Distribution Penalties Notional Amount Amount X1 07383FR26 ~~999~~998.~~13621778~~16555742 0.~~05772087~~05626642 0.00000000 ~~998~~997.~~16555742~~29249531 X2 07383FQ68 1,000.00000000 0.~~78331785~~78322723 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding ~~764552~~1,452,690.7380 Servicing Advances Outstanding (814,~~102~~620.~~10)~~00 Reimbursement for Interest on Advances 0.00 paid from general collections

Master Servicing Fee Breakdowns Current Period Accrued Master Servicing Fees 5051,~~278~~751.2561 Less Delinquent Master Servicing Fees 611,~~361~~186.0602 Less Reductions to Master Servicing Fees 0.00 Plus Master Servicing Fees for Delinquent Payments Received 76,~~359~~361.1106 Plus Adjustments for Prior Master Servicing Calculation 0.00 Total Master Servicing Fees Collected 5146,~~276~~926.3065

Certificate Interest Reconciliation Class Accrued Net Aggregate Distributable Distributable Certificate Prepayment Certificate Certificate Interest Interest Interest Interest Shortfall Adjustment A-1 ~~332~~328,~~105~~352.2015 0.00 ~~332~~328,~~105~~352.2015 0.00 A-2 553,020.00 0.00 553,020.00 0.00 A-3 509,758.33 0.00 509,758.33 0.00 A-4 402,583.33 0.00 402,583.33 0.00 A-5 2,402,212.72 0.00 2,402,212.72 0.00 X1 7169,~~188~~394.8099 0.00 7169,~~188~~394.8099 0.00 X2 935,~~523~~415.5633 0.00 935,~~523~~415.5633 0.00 B 123,388.34 0.00 123,388.34 0.00 C 39,212.29 0.00 39,212.29 0.00 D 85,896.67 0.00 85,896.67 0.00 E 60,379.38 0.00 60,379.38 0.00 F 70,438.27 0.00 70,438.27 0.00 G 43,547.2065 0.00 43,547.2065 0.00 H 88,~~281~~282.4938 0.00 88,~~281~~282.4938 0.00 J 18,087.60 0.00 18,087.60 0.00 K 18,087.60 0.00 18,087.60 0.00 L 24,118.11 0.00 24,118.11 0.00 M 18,087.60 0.00 18,087.60 0.00 N 18,087.60 0.00 18,087.60 0.00 P 12,057.10 0.00 12,057.10 0.00 Q 54,265.32 0.00 54,265.32 0.00 Total 5,~~880~~874,~~326~~672.5176 0.00 5,~~880~~874,~~326~~672.5176 0.00

Class Additional Interest Remaining Trust Fund Distribution Unpaid Distributable Expenses Certificate Interest A-1 0.00 ~~332~~328,~~105~~352.2015 0.00 A-2 0.00 553,020.00 0.00 A-3 0.00 509,758.33 0.00 A-4 0.00 402,583.33 0.00 A-5 0.00 2,402,212.72 0.00 X1 0.00 7169,~~188~~394.8099 0.00 X2 0.00 935,~~523~~415.5633 0.00 B 0.00 123,388.34 0.00 C 0.00 39,212.29 0.00 D 0.00 85,896.67 0.00 E 0.00 60,379.38 0.00 F 0.00 70,438.27 0.00 G 0.00 43,547.2065 0.00 H 0.00 88,~~281~~282.4938 0.00 J 0.00 18,087.60 0.00 K 0.00 18,087.60 0.00 L 0.00 24,118.11 0.00 M 0.00 18,087.60 0.00 N 0.00 18,087.60 0.00 P 0.00 12,057.10 0.00 Q 0.00 54,265.32 0.00 Total 0.00 5,~~880~~874,~~326~~672.5176 0.00

Other Required Information Available Distribution Amount (1) 76,~~077~~951,~~469~~445.7426 Principal Distribution Amount 1,~~197~~076,~~143~~772.2452 (a) Principal portion of Scheduled Payments 1,~~197~~076,~~143~~772.2452 and any Assumed Scheduled Payments (b) Principal Prepayments/Adjustments 0.00 (c) Principal Portion of Balloon Payments 0.00 (d) Liquidation, Condemnation, Purchase, 0.00 and Insurance Proceeds and REO Income Received on a Mortgage Loan Interest Reserve Account Deposits 0176,668.0023 Withdrawals 0.00 Aggregate Number of Outstanding Mortgage Loans 130 Aggregate Unpaid Principal Balance of the Mortgage Loans 1,~~231~~230,~~205~~300,~~399~~900.0038 Aggregate Scheduled Principal Balance of the Mortgage Loans 1,~~231~~229,~~066~~989,~~170~~398.6010 Total Master Servicing and Special Servicing Fee Paid 5146,~~276~~926.3065 Master Servicing Fee Paid 5146,~~276~~926.3065 Special Servicing Fee Paid 0.00 Trustee Fee paid ~~842~~866.0520 Paying Agent Fee paid 1,~~211~~246.7248 Report Administrator Fee paid 0382.0097 Expense Losses (Additional Trust Fund Expenses) 0.00 (i) Special Servicing and Liquidation Fees 0.00 (ii) Advance Interest 0.00 (iii)Indemnification Expenses 0.00 (iv) Taxes Imposed on the Trust 0.00 (v) Amount of any Advance not Recovered 0.00 upon a Final Recovery Determination (1) The Available Distribution Amount includes any Prepayment Premiums.

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 6,105,588.32 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 6,105,588.32 Principal: Scheduled Principal 1,076,772.52 Unscheduled Principal 0.00 Principal Prepayments 0.00 Collection of Principal after Maturity Date 0.00 Recoveries from Liquidation and Insurance Proceeds 0.00 Excess of Prior Principal Amounts paid 0.00 Curtailments 0.00 Negative Amortization 0.00 Principal Adjustments 0.00 Total Principal Collected 1,076,772.52 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 7,182,360.84 Total Funds Distributed Fees: Master Servicing Fee 51,751.61 Trustee Fee 866.20 Certificate Administration Fee 1,246.48 Insurer Fee 0.00 Servicer Report Administrator Fee 0.00 Total Fees 54,247.26 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 176,668.23 Payments to Certificateholders & Others: Interest Distribution 5,874,672.76 Principal Distribution 1,076,772.50 Prepayment Penalties/Yield Maintenance 0.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 0.00 Total Payments to Certificateholders & Others 6,951,445.26 Total Funds Distributed 7,182,360.75

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. 2,000,000 or Less 19 28,~~150~~114,~~328~~538.5712 2.29 ~~112~~111 5.~~9934~~9935 1.~~696139~~696124 2,000,001 to 3,000,000 2021 5053,~~343~~270,~~421~~249.4851 4.0933 ~~122~~120 5.~~8069~~7980 1.~~554821~~573562 3,000,001 to 5,000,000 2726 ~~101~~98,~~583~~490,~~909~~151.1317 8.2501 116 56.~~9943~~0048 1.~~593373~~584417 5,000,001 to 7,000,000 16 98,~~363~~248,~~165~~592.5668 7.99 ~~125~~124 5.7039 1.~~776779~~671691 7,000,001 to 9,000,000 10 78,~~536~~448,~~994~~516.3881 6.38 ~~127~~126 6.~~0073~~0072 1.~~510432~~510454 9,000,001 to 11,000,000 5 48,~~915~~816,~~067~~101.2583 3.97 ~~106~~105 5.~~7497~~7496 1.~~519592~~519606 11,000,001 to 13,000,000 2 23,~~784~~694,~~690~~221.9022 1.93 ~~100~~99 5.~~4635~~4641 1.~~278073~~278587 13,000,001 to 15,000,000 10 140,~~976~~859,~~969~~772.6702 11.45 ~~102~~101 5.~~7218~~7215 1.~~528758~~528917 15,000,001 to 17,000,000 3 47,~~378~~296,~~667~~054.1272 3.85 ~~135~~134 6.~~0699~~0702 1.~~476630~~476589 17,000,001 to 19,000,000 3 53,~~864~~794,~~029~~466.0453 4.3837 ~~131~~130 5.~~9368~~9369 1.~~453246~~453320 19,000,001 to 21,000,000 1 20,~~299~~259,~~152~~766.8164 1.65 ~~115~~114 6.4700 1.030000 21,000,001 to 31,000,000 6 ~~150~~149,~~031~~940,~~347~~054.5633 12.19 9594 5.~~6720~~6718 21.~~220288~~787627 31,000,001 to 41,000,000 2 70,~~221~~188,~~257~~079.8039 5.7071 9493 5.5339 2.~~030051~~030259 41,000,000 to 61,000,000 5 244,~~617~~568,~~169~~833.3313 19.8788 ~~107~~106 5.5841 1.~~842153~~842143 61,000,001 or Greater 1 74,000,000.00 6.0102 ~~115~~114 6.0495 1.510000 Totals 130 1,~~231~~229,~~066~~989,~~170~~398.6010 100.00 ~~111~~110 5.~~7776~~7775 1.~~712906~~651905

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alaska 2 15,~~340~~322,~~093~~594.8809 1.25 8180 5.5358 1.606225 Arizona 6 17,~~925~~908,~~589~~505.7907 1.46 ~~112~~111 5.9947 1.~~449342~~449323 California 32 239,~~684~~467,~~134~~862.6971 19.47 9998 5.~~6378~~6377 1.~~685236~~685329 Colorado 5 24,~~326~~305,~~621~~739.9521 1.98 ~~116~~115 5.9774 1.~~471160~~471159 Connecticut 2 11,~~380~~356,~~207~~635.6602 0.92 ~~235~~234 6.0061 1.~~588695~~588694 Delaware 1 15,~~829~~772,~~853~~597.0797 1.2928 ~~177~~176 5.6980 1.520000 Florida 4 27,~~651~~612,~~561~~068.7364 2.2524 ~~101~~100 6.~~2478~~2477 1.~~673173~~673426 Georgia 3 18,~~038~~009,~~889~~062.9671 1.4746 ~~114~~113 5.8770 1.~~826538~~826635 Idaho 1 1,~~085~~083,~~260~~857.0317 0.09 ~~110~~109 6.3000 1.640000 Indiana 4 16,~~579~~564,~~343~~550.0116 1.35 ~~110~~109 5.~~9456~~9457 1.~~487960~~487921 Iowa 4 25,~~076~~037,~~100~~667.5458 2.04 ~~118~~117 6.3534 31.~~026331~~394347 Kansas 2 11,~~613~~599,~~475~~478.9437 0.94 ~~118~~117 6.3600 41.~~400000~~440000 Kentucky 1 54,795,000.00 4.45 7877 5.3800 1.900000 Maryland 2 59,~~094~~085,~~249~~551.8762 4.80 6665 5.3703 2.~~266576~~266695 Massachusetts 1 3,~~809~~805,~~930~~158.4623 0.31 ~~114~~113 6.3100 1.480000 Michigan 4 38,~~101~~076,~~963~~358.0566 3.10 ~~116~~115 5.~~9050~~9049 1.~~578818~~578881 Minnesota 3 5,~~638~~626,~~675~~361.0347 0.46 ~~115~~114 5.~~5410~~5411 1.~~409003~~408903 Missouri 1 3,~~219~~216,~~914~~711.9872 0.26 ~~111~~110 5.5000 1.560000 Nebraska 1 14,150,000.00 1.15 7978 5.6300 1.530000 Nevada 1 9,~~734~~713,~~835~~924.9155 0.79 ~~117~~116 5.6400 1.800000 New Hampshire 1 12,~~638~~558,~~897~~725.4635 1.0302 ~~118~~117 5.2550 1.100000 New Jersey 9 87,~~622~~544,~~299~~170.3953 7.12 ~~112~~111 5.9032 1.~~657288~~657301 New York 5 75,~~443~~393,~~183~~324.1791 6.13 ~~103~~102 5.~~4610~~4606 2.~~272653~~273230 North Carolina 6 64,~~122~~071,~~099~~576.6289 5.21 9493 5.~~6031~~6024 1.~~828291~~828805 Ohio 6 65,~~324~~307,~~236~~932.6009 5.31 ~~115~~114 5.5111 1.~~496604~~496643 Oklahoma 1 32,~~002~~998,~~006~~934.8808 0.24 ~~102~~101 5.6500 1.890000 Oregon 1 1,~~619~~616,~~081~~972.5139 0.13 ~~115~~114 6.0700 1.570000 Rhode Island 2 20,~~778~~752,~~927~~808.4273 1.69 ~~160~~159 6.~~1611~~1610 1.~~277243~~277218 South Carolina 1 17,~~293~~255,~~710~~964.2385 1.40 ~~172~~171 5.7900 1.280000 Tennessee 3 11,~~272~~262,~~445~~436.7301 0.92 ~~115~~114 5.~~8577~~8578 1.~~459869~~459868 Texas 12 47,~~148~~102,~~067~~728.8402 3.83 ~~112~~111 6.0326 1.~~468329~~468375 Utah 8 29,~~184~~132,~~760~~779.6178 2.37 ~~134~~133 5.~~7420~~7419 1.~~456194~~456138 Virginia 2 ~~100~~99,~~012~~992,~~169~~214.1794 8.1213 ~~115~~114 6.~~1381~~1380 1.~~416368~~416421 Washington 6 29,~~813~~785,~~994~~224.8677 2.42 ~~115~~114 6.2089 1.~~529971~~529964 Washington,DC 1 49,~~914~~903,~~588~~919.6183 4.0506 ~~172~~171 5.9970 1.310000 Wisconsin 1 2,800,000.00 0.23 ~~115~~114 5.9400 1.530000 Totals 145 1,~~231~~229,~~066~~989,~~170~~398.6010 100.00 ~~111~~110 5.~~7776~~7775 1.~~712906~~651905

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. 1.20 or Less 5 75,~~717~~560,~~634~~097.5740 6.1514 ~~115~~114 6.~~0208~~0214 1.~~019734~~019670 1.21 to 1.30 1112 8187,~~218~~558,~~626~~555.3107 67.6012 ~~132~~130 6.~~1083~~1269 1.~~274948~~273108 1.31 to 1.40 18 153,~~647~~503,~~521~~353.24 12.48 ~~139~~138 5.9271 1.~~336475~~336461 1.41 to 1.50 2324 ~~195~~217,~~635~~363,~~024~~586.1226 1517.8967 112 5.~~9392~~9817 1.~~450054~~449042 1.51 to 1.60 30 ~~310~~309,~~072~~828,~~687~~219.3240 25.19 ~~111~~110 5.8042 1.~~538729~~538725 1.61 to 1.70 8 35,~~136~~098,~~472~~559.6556 2.85 ~~127~~126 6.1213 1.~~642128~~642131 1.71 to 1.80 6 27,~~688~~644,~~456~~972.4381 2.25 ~~121~~120 5.~~7114~~7112 1.~~754172~~754159 1.81 to 1.90 6 70,~~015~~007,~~918~~459.2026 5.69 8584 5.4793 1.~~892484~~892486 1.91 to 2.00 4 18,~~052~~041,~~200~~623.3014 1.47 ~~115~~114 5.3428 1.~~970081~~970086 2.01 to 2.10 4 53,~~227~~165,~~538~~175.3003 4.32 ~~119~~118 5.8053 2.~~063419~~063414 2.11 to 2.20 2 12,~~067~~059,~~283~~630.7631 0.98 ~~116~~115 5.~~7125~~7126 2.~~170112~~170099 2.21 to 2.30 2 6,~~236~~225,~~793~~484.8464 0.51 ~~124~~123 5.~~3879~~3876 2.~~292086~~292097 2.31 or Greater 119 ~~192~~163,~~350~~932,~~013~~681.5898 1513.6233 7871 5.~~3205~~1404 2.~~792533~~575100 Totals 130 1,~~231~~229,~~066~~989,~~170~~398.6010 100.00 ~~111~~110 5.~~7776~~7775 1.~~712906~~651905

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 22 102,~~332~~205,~~738~~318.4659 8.31 ~~108~~107 5.~~7967~~7966 1.~~390422~~390403 Lodging 8 59,~~464~~365,~~666~~043.1324 4.83 ~~119~~118 6.4068 21.~~558740~~292464 Mixed Use 4 11,~~034~~015,~~817~~595.6762 0.90 ~~180~~179 6.~~0189~~0188 1.~~598669~~598523 Mobile Home Park 6 27,~~800~~787,~~762~~543.2466 2.26 ~~100~~99 5.~~6185~~6187 1.~~567723~~567528 Multi-Family 14 70,~~184~~105,~~806~~742.6414 5.70 ~~107~~106 5.8378 1.494221 Office 26 412,~~809~~459,~~668~~946.8037 33.53 ~~120~~119 5.~~8843~~8844 1.~~602020~~602142 Other 5 34,~~590~~546,~~494~~661.1827 2.81 ~~142~~141 6.~~2034~~2033 1.~~557109~~557069 Retail 50 476,~~983~~699,~~874~~411.7352 38.7576 ~~100~~99 5.~~5539~~5537 1.~~831056~~831263 Self Storage 10 35,~~864~~804,~~341~~135.7871 2.91 ~~106~~105 5.9465 1.~~661517~~661780 Totals 145 1,~~231~~229,~~066~~989,~~170~~398.6010 100.00 ~~111~~110 5.~~7776~~7775 1.~~712906~~651905

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 5.0000% or Less 4 45,~~582~~572,~~652~~568.7084 3.7071 6362 4.~~5131~~5130 2.~~735640~~735831 5.0001% to 5.2500% 6 46,~~738~~709,~~171~~687.3608 3.80 8180 5.1264 2.~~300561~~300801 5.2501% to 5.5000% 19 234,~~219~~060,~~715~~778.8352 19.03 9089 5.3698 1.~~769215~~769574 5.5001% to 5.7500% 20 214,~~299~~086,~~236~~166.7408 17.41 ~~105~~104 5.6081 1.~~722773~~722913 5.7501% to 6.0000% 33 ~~284~~283,~~061~~800,~~004~~445.5023 23.07 ~~132~~131 5.8964 1.~~531228~~531248 6.0001% to 6.2500% 25 245,~~501~~311,~~336~~840.2043 19.94 ~~117~~116 6.1060 1.~~499838~~499848 6.2501% to 6.5000% 17 ~~145~~144,~~048~~855,~~128~~860.0128 11.78 ~~124~~123 6.3860 1.~~837151~~318007 6.5001% or Greater 6 15,~~615~~592,~~925~~051.2664 1.27 ~~129~~128 6.~~8834~~8836 1.~~489216~~489017 Totals 130 1,~~231~~229,~~066~~989,~~170~~398.6010 100.00 ~~111~~110 5.~~7776~~7775 1.~~712906~~651905

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 Months or Less 127 1,~~204~~203,~~134~~082,~~895~~741.1314 97.81 ~~111~~110 5.~~7737~~7736 1.~~711909~~649543 13 to 24 Months 3 26,~~931~~906,~~275~~656.4796 2.19 ~~106~~105 5.9508 1.~~757505~~757490 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 130 1,~~231~~229,~~066~~989,~~170~~398.6010 100.00 ~~111~~110 5.~~7776~~7775 1.~~712906~~651905

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 6 119,~~483~~475,~~159~~860.7179 9.71 5554 4.~~9894~~9893 2.~~593330~~593380 61 to 84 Months 9 145,~~910~~831,~~117~~710.7156 11.8586 7776 5.~~4705~~4704 1.~~717807~~717896 85 to 120 Months 103 ~~838~~837,~~495~~766,~~932~~326.1482 68.11 ~~114~~113 5.~~9258~~9257 1.~~636632~~546890 121 Months or Greater 2 67,~~208~~159,~~298~~884.8468 5.46 ~~172~~171 5.~~9437~~9438 1.~~302281~~302292 Totals 120 1,~~171~~170,~~097~~233,~~508~~782.4085 95.1314 ~~107~~106 5.~~7745~~7744 1.~~725167~~661005

Remaining Stated Term (Fully Amortizing Loans) Remaining Stated # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. 60 Months or Less 0 0.00 0.00 0 0.0000 0.000000 61 to 84 Months 0 0.00 0.00 0 0.0000 0.000000 85 to 120 Months 1 12,~~638~~558,~~897~~725.4635 1.0302 ~~118~~117 5.2550 1.100000 121 Months or Greater 9 47,~~329~~196,~~764~~889.7490 3.84 ~~205~~204 5.~~9926~~9928 1.~~573210~~573125 Totals 10 59,~~968~~755,~~662~~615.2025 4.8786 186 5.~~8371~~8377 1.~~473477~~473690

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 6 174,545,000.00 14.1819 6362 5.1086 2.394612 60 Months or Less 0 0.00 0.00 0 0.0000 0.000000 61 to 84 Months 0 0.00 0.00 0 0.0000 0.000000 85 to 120 Months 0 0.00 0.00 0 0.0000 0.000000 121 Months or Greater 114 ~~996~~995,~~552~~688,~~508~~782.4085 80.95 ~~115~~114 5.~~8912~~8911 1.~~607914~~532403 Totals 120 1,~~171~~170,~~097~~233,~~508~~782.4085 95.1314 ~~107~~106 5.~~7745~~7744 1.~~725167~~661005

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 ~~108~~110 1,~~005~~033,~~476~~034,~~707~~612.3410 8183.6899 110 5.~~7352~~7523 1.~~677854~~670311 1 Year or Less 221 ~~225~~2,~~589~~151,~~463~~534.2613 180.3217 ~~113~~112 56.~~9663~~0600 1.~~869136~~460000 1 to 2 Years 019 0194,803,251.0087 015.0084 0111 05.~~0000~~9079 01.~~000000~~556414 2 Years or Greater 0 0.00 0.00 0 0.0000 0.000000 Totals 130 1,~~231~~229,~~066~~989,~~170~~398.6010 100.00 ~~111~~110 5.~~7776~~7775 1.~~712906~~651905 (1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is used. The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. (2) Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date Balance of the related mortgage loan as disclosed in the offering document.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type (1) City State Payment Payment Coupon 850201498 1 OF Falls Church VA ~~373~~385,~~052~~487.5058 0.00 6.050% 310901600 2 RT Louisville KY ~~245~~253,~~664~~853.2506 0.00 5.380% 850201448 3 OF Washington DC ~~249~~257,~~503~~763.7310 1110,~~119~~668.5578 5.997% 850201586 4 RT Baltimore MD 219,287.50 0.00 5.300% 850201500 5 RT Cincinnati OH ~~217~~224,~~200~~440.00 0.00 5.430% 506105401 6 OF Newark NJ ~~206~~213,~~926~~600.9033 4437,~~340~~667.8542 5.870% 510901689 7 OF New York NY ~~170~~176,~~699~~389.5554 0.00 5.502% 850201280 8 OF Various CA ~~153~~158,~~311~~238.3090 3833,~~106~~178.0141 5.570% 850500061 9 RT Fullerton CA 118,978.75 0.00 5.090% 506105481 10 RT San Diego CA ~~125~~129,~~631~~677.4351 2925,~~369~~323.8981 5.600% 506105442 11 OF Chantilly VA ~~138~~143,~~644~~131.9596 2419,~~441~~954.2423 6.390% 506105154 12 OF West Bloomfield MI ~~122~~126,~~382~~337.1640 2319,~~521~~566.9874 6.130% 850201419 13 RT Mooresville NC 87,599.33 0.00 4.531% 506105492 14 LO Various Various ~~116~~120,~~461~~178.46 30 26,~~165~~448.3046 6.360% 506105520 15 LO Durham NC ~~109~~113,~~677~~094.0547 4239,~~803~~386.5917 6.470% 850201266 16 OT Various Various 9497,~~342~~388.7527 1815,~~664~~618.0654 6.175% 850201505 17 RT Burbank CA 8891,~~888~~756.9206 1916,~~065~~198.7359 5.837% 610901457 18 OF Columbia SC 8386,~~636~~223.7556 4037,~~332~~745.1938 5.790% 600873651 19 RT New Castle DE 75,~~436~~165.0042 5657,~~984~~255.5210 5.698% 850201481 20 Various Various NJ 8083,~~786~~395.7262 1613,~~027~~418.8090 6.086% 310901189 21 RT Issaquah WA 8386,~~860~~574.4163 1411,~~652~~938.6240 6.430% 506105525 22 RT San Antonio TX 7880,~~508~~991.1098 2422,~~526~~043.9103 6.300% 850201200 23 IN Palmetto FL 7779,~~094~~493.9590 3229,~~044~~645.7782 6.193% 850500052 24 OF La Jolla CA 7577,~~452~~889.1371 1412,~~710~~273.8224 6.118% 850201642 25 RT Raleigh NC 6870,~~349~~627.3364 0.00 5.776% 310901624 26 MH Omaha NE 6668,~~387~~599.0899 0.00 5.630% 506105403 27 IN Goleta CA 6769,~~772~~959.6812 1412,~~520~~334.6622 5.810% 506105308 28 IN Randolph NJ 6365,~~590~~635.9186 1513,~~811~~766.7378 5.490% 506105459 29 MF Anchorage AK 6365,~~899~~943.7993 1715,~~899~~855.4733 5.570% 850500049 30 RT Monticello NY 46,969.75 0.00 4.222% 850201497 31 RT Warwick RI 6466,~~832~~925.8532 1311,~~371~~279.7023 5.960% 850201665 32 OF Manchester NH 5557,~~705~~192.4477 8180,~~659~~172.4411 5.255% 506105435 33 IN Ogden UT 3031,~~911~~889.1989 1110,~~030~~052.8111 5.440% 506105436 34 IN Ogden UT 13,~~093~~507.3995 4,~~672~~257.4488 5.440% 506105437 35 IN Ogden UT 9,~~538~~840.8284 3,~~403~~101.9896 5.440% 310901578 36 IN Union City CA 5254,~~999~~707.5427 1210,~~005~~297.3057 5.700% 850201242 37 SS Long Island City NY 5354,~~208~~791.5713 3735,~~166~~584.8529 5.970% 310901586 38 OF Walnut Creek CA 4345,~~650~~031.9054 1615,~~391~~011.9329 5.270% 506105482 39 OF Las Vegas NV 4547,~~858~~278.6985 2220,~~331~~911.5236 5.640% 310901594 40 OF Annapolis MD 4546,~~223~~680.5783 108,~~155~~698.5125 5.740% 850201479 41 MF Evans GA 4648,~~945~~403.8481 2018,~~218~~760.2023 6.140% 506105245 42 MF Tucson AZ 4042,~~695~~004.1259 98,~~634~~324.4497 5.670% 850201585 43 OF Los Angeles CA 4041,~~592~~901.3970 87,~~748~~439.3706 5.810% 506105493 44 LO Urbandale IA 4345,~~799~~197.3501 1110,~~415~~018.8721 6.340% 850201504 45 RT Denver CO 3941,~~907~~194.6546 87,~~718~~432.8807 5.786% 506105563 46 OF San Diego CA 3738,~~486~~693.7783 87,~~860~~653.5145 5.570% 310901666 47 OT Providence RI 4243,~~005~~315.4625 1614,~~149~~839.2546 6.500% 506105443 48 OF Indianapolis IN 3840,~~945~~203.1370 76,~~454~~196.6609 6.170% 850201501 49 RT Snowmass Village CO 3738,~~388~~595.0450 76,~~419~~212.5509 6.074% 600873653 50 OF Syracuse NY 3738,~~426~~591.7763 1514,~~438~~273.8397 6.220% 850201473 51 RT Lake Worth TX 3536,~~427~~571.7923 76,~~231~~088.6420 6.020% 850201491 52 RT Garden City NY 3536,~~291~~468.6706 0.00 6.050% 506105489 53 MF Wichita Falls TX 3435,~~650~~805.00 0.00 5.940% 310901538 54 RT Ukiah CA 2829,~~777~~700.4813 87,~~586~~663.4277 4.950% 850201495 55 RT Various TX 3334,~~317~~391.4623 76,~~457~~383.0831 5.733% 310901633 56 MF Waterford Township MI 3233,~~561~~611.2618 76,~~087~~037.5765 5.810% 506105491 57 LO Various IA 3435,~~366~~418.3470 1715,~~016~~963.2185 6.360% 506105526 58 OT Anaheim CA 2930,~~949~~915.7492 65,~~370~~404.9072 5.860% 600873654 59 RT Norwalk CT 2930,~~903~~831.1848 1312,~~186~~258.5929 6.030% 600873655 60 RT Brentwood TN 2930,~~101~~040.0516 65,~~045~~106.1605 5.940% 506105485 61 RT Taylorsville UT 2829,~~131~~000.3877 1312,~~289~~420.6728 5.970% 506105144 62 IN Pleasanton CA 2526,~~200~~008.1696 65,~~735~~927.9717 5.380% 506105348 63 RT Miramar FL 2425,~~566~~385.6756 0.00 5.360% 600873656 64 MU Westport CT 2728,~~182~~025.4492 1211,~~157~~314.8335 5.980% 600873657 65 RT Buford GA 2223,~~611~~325.4071 8,~~867~~153.9463 5.160% 310901574 66 RT Columbus OH 2122,~~630~~313.7894 87,~~570~~887.8670 5.130% 506105404 67 IN Solon OH 2324,~~844~~609.9963 5,~~892~~127.6096 5.950% 600873658 68 RT Federal Way WA 26,~~250~~215.3929 6,~~399~~435.9101 6.580% 600873659 69 RT Jacksonville FL 2829,~~805~~730.2447 54,~~368~~442.0885 7.560% 310901508 70 IN City of Industry CA 2122,~~534~~217.2655 6,~~911~~228.6536 5.800% 610901555 71 RT Ventura CA 2223,~~736~~461.4437 65,~~035~~310.3542 6.340% 610901531 72 MF Bloomington IN 2122,~~747~~450.5905 43,~~282~~579.4296 6.090% 610901489 73 MF Ventura CA 22,~~192~~899.2072 5,~~948~~241.9240 6.290% 410901653 74 SS Sonoma CA 20,~~000~~666.0067 0.00 6.000% 410901700 75 SS Santa Maria CA 1718,~~642~~200.0760 65,~~413~~854.1259 5.350% 310901625 76 MH Akron OH 1920,~~404~~050.0080 0.00 5.940% 310901562 77 RT Farmington Hills MI 1617,~~683~~239.3344 0.00 5.200% 620901548 78 SS Boston MA 20,~~062~~701.3468 54,~~411~~772.5723 6.310% 410901542 79 OF Allen TX 19,~~372~~999.8712 3,~~643~~017.4116 6.220% 506105537 80 OF Los Altos CA 1819,~~419~~014.8050 3,~~739~~145.7909 5.990% 506105490 81 OF Duluth GA 1819,~~947~~560.6829 32,~~526~~913.0039 6.250% 310901563 82 RT Southfield MI 16,~~020~~554.00 0.00 5.340% 600873660 83 RT Herriman UT 1718,~~582~~127.4975 87,~~022~~477.4620 5.910% 620901635 84 SS Flagstaff AZ 1718,~~803~~379.7300 32,~~451~~876.3205 6.120% 410901589 85 MF San Mateo CA 1718,~~643~~212.1091 32,~~498~~929.9413 6.070% 506105399 86 OF Indianapolis IN 15,~~193~~681.2523 43,~~060~~572.4547 5.280% 410901610 87 OF Columbine Valley CO 16,~~400~~930.9443 32,~~341~~812.8132 5.980% 410901403 88 MF St. Ann/Hazelwood MO 1415,~~774~~249.8088 3,~~678~~203.3426 5.500% 600873661 89 RT Houston TX 1415,~~742~~216.2580 3,~~527~~052.5196 5.550% 506105466 90 RT Denver CO 1516,~~511~~011.0671 32,~~213~~712.0742 5.920% 410901463 91 RT Midvale UT 1415,~~846~~324.2122 32,~~436~~958.4039 5.700% 410901409 92 RT Kennewick WA 1516,~~671~~170.9708 4,~~586~~088.5847 6.150% 506104824 93 RT Oklahoma City OK 14,~~151~~605.0660 3,~~527~~072.3480 5.650% 620901608 94 MU Danville CA 1415,~~621~~093.8854 32,~~114~~643.6701 5.870% 410901512 95 RT Spring Hill TN 1314,~~867~~313.4374 32,~~317~~870.1382 5.580% 410901576 96 MH San Jose CA 1213,~~937~~317.1484 1110,~~179~~798.1949 5.250% 310901623 97 MH Kenosha WI 1314,~~860~~322.00 0.00 5.940% 410901602 98 SS San Jose CA 13,~~305~~734.6941 2,~~998~~570.7907 5.730% 410901537 99 RT Marysville WA 12,~~445~~845.2639 32,~~165~~765.3017 5.400% 506105507 100 IN Jacksonville FL 1314,~~731~~157.0592 5,~~831~~404.2942 6.140% 410901404 101 IN Salt Lake City UT 13,~~042~~455.1180 43,~~156~~742.5182 5.880% 310901652 102 LO Morrisville NC 1314,~~766~~178.3618 87,~~218~~806.0119 6.650% 410901609 103 OT Layton UT 1213,~~776~~157.7303 87,~~350~~970.4919 6.340% 506105521 104 MF Louisville TN 12,~~114~~506.9526 2,~~424~~032.1584 6.000% 410901648 105 MF Hutchinson MN 11,~~531~~898.7203 3,~~624~~258.9059 5.790% 410901651 106 RT Sacramento CA 12,~~093~~484.2543 21,~~188~~796.1395 6.330% 410901573 107 OF Denver CO 12,~~090~~481.5084 21,~~105~~713.1884 6.440% 410901583 108 RT Bellingham WA 910,~~786~~101.6224 2,~~512~~197.1856 5.360% 506105382 109 SS La Porte TX 1011,~~895~~242.7930 32,~~197~~851.6514 6.060% 410901564 110 RT San Antonio TX 10,~~371~~705.5397 21,~~238~~904.4602 5.850% 410901572 111 MH Paradise CA 8,~~132~~392.4059 2,~~680~~420.2809 4.720% 410901603 112 SS San Jose CA 9,~~430~~734.8367 21,~~151~~848.8400 5.680% 410901466 113 SS Avondale AZ 1011,~~780~~125.9103 2,~~723~~379.2311 6.500% 410901613 114 MF Hastings MN 89,~~856~~117.3940 7,~~368~~107.7776 5.390% 310901626 115 MH Akron OH 9,~~504~~820.0080 0.00 5.940% 410901560 116 IN Valley View OH 8,~~507~~771.0247 3,~~553~~288.3085 6.250% 410901592 117 MU Portland OR 8,~~201~~462.8485 2,~~370~~109.1312 6.070% 410901497 118 MF Anchorage AK 67,~~957~~180.4189 1,~~867~~644.9446 5.240% 410901430 119 IN Los Angeles North Ho CA 78,~~928~~184.5530 1,~~653~~398.9722 5.990% 410901505 120 RT Flagstaff AZ 7,~~717~~967.32 1,~~282~~032.35 6.560% 410901606 121 RT Scottsdale AZ 7,~~735~~985.1986 1,~~252~~001.3265 6.650% 410901599 122 OF Fresno CA 7,~~185~~418.7902 1,~~370~~138.6239 6.180% 410901552 123 RT Puyallup WA 6,~~414~~621.7014 1,~~551~~345.9248 5.520% 410901590 124 MF San Mateo CA 7,~~296~~532.9294 1,~~324~~088.9391 6.320% 410901553 125 IN Lakeville MN 5,~~708~~889.5410 21,~~127~~947.7721 5.310% 620901601 126 IN Bristol IN 6,~~345~~548.6980 1,~~647~~444.4433 5.930% 410901621 127 RT Raleigh NC 6,~~154~~353.7361 ~~1,186~~987.4759 6.150% 410901420 128 IN Boise ID 5,~~705~~887.9354 1,~~584~~402.4786 6.300% 620901584 129 SS Peoria AZ 45,~~915~~071.7772 1,~~626~~470.5459 5.650% 410901611 130 MU San Francisco CA 5,~~447~~610.8357 3,~~318~~155.3157 6.600% Totals 56,~~933~~105,~~031~~588.2432 1,~~197~~076,~~143~~772.2452

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 850201498 N/A 07/01/2014 N 74,000,000.00 74,000,000.00 1201/01/~~2004~~2005 310901600 N/A 06/01/2011 N 54,795,000.00 54,795,000.00 1201/01/~~2004~~2005 850201448 04/01/2019 04/01/2036 N 49,~~925~~914,~~708~~588.1661 49,~~914~~903,~~588~~919.6183 1201/01/~~2004~~2005 850201586 N/A 09/01/2009 N 49,650,000.00 49,650,000.00 1201/01/~~2004~~2005 850201500 N/A 08/01/2014 N 48,000,000.00 48,000,000.00 1201/01/~~2004~~2005 506105401 06/01/2014 06/01/2034 N 42,~~301~~257,~~921~~580.5772 42,~~257~~219,~~580~~913.7230 1201/01/~~2004~~2005 510901689 N/A 07/07/2014 N 37,230,000.00 37,230,000.00 1112/07/2004 850201280 N/A 11/01/2010 N 3332,~~029~~991,~~363~~257.8180 32,~~991~~958,~~257~~079.8039 1201/01/~~2004~~2005 850500061 N/A 08/01/2009 N 28,050,000.00 28,050,000.00 1201/01/~~2004~~2005 506105481 N/A 08/01/2014 N 26,~~921~~891,~~020~~650.2940 26,~~891~~866,~~650~~326.4060 1201/01/~~2004~~2005 506105442 08/01/2014 08/01/2034 N 26,~~036~~012,~~610~~169.4117 2625,~~012~~992,~~169~~214.1794 1201/01/~~2004~~2005 506105154 09/01/2014 09/01/2034 N 23,~~957~~933,~~355~~833.3739 23,~~933~~914,~~833~~266.3965 1201/01/~~2004~~2005 850201419 N/A 02/01/2009 N 23,200,000.00 23,200,000.00 1201/01/~~2004~~2005 506105492 N/A 10/01/2014 N 21,~~973~~943,~~859~~694.9160 21,~~943~~917,~~694~~246.6014 1112/01/2004 506105520 N/A 07/01/2014 N 20,~~341~~299,~~956~~152.4081 20,~~299~~259,~~152~~766.8164 1201/01/~~2004~~2005 850201266 N/A 10/01/2013 N 18,~~333~~315,~~814~~150.3125 18,~~315~~299,~~150~~531.2571 1201/01/~~2004~~2005 850201505 N/A 08/01/2014 N 18,~~274~~255,~~234~~168.2956 18,~~255~~238,~~168~~969.5697 1201/01/~~2004~~2005 610901457 N/A 04/01/2019 N 17,~~334~~293,~~042~~710.4223 17,~~293~~255,~~710~~964.2385 1201/01/~~2004~~2005 600873651 N/A 09/01/2019 N 15,~~886~~829,~~837~~853.5907 15,~~829~~772,~~853~~597.0797 1201/01/~~2004~~2005 850201481 06/01/2014 06/01/2034 N 15,~~929~~913,~~028~~000.2646 15,~~913~~899,~~000~~581.4656 1201/01/~~2004~~2005 310901189 N/A 07/01/2014 N 15,~~650~~635,~~466~~813.2159 15,~~635~~623,~~813~~875.5919 12/01/2004 506105525 N/A 09/01/2014 N 14,~~953~~929,~~923~~396.2332 14,~~929~~907,~~396~~353.3229 12/01/2004 850201200 N/A 08/01/2013 N 14,~~938~~906,~~951~~906.6992 14,~~906~~877,~~906~~261.9210 12/01/2004 850500052 N/A 07/01/2014 N 14,~~799~~784,~~372~~661.6280 14,~~784~~772,~~661~~388.8056 1201/01/~~2004~~2005 850201642 N/A 09/01/2014 N 14,200,000.00 14,200,000.00 1201/01/~~2004~~2005 310901624 N/A 07/01/2011 N 14,150,000.00 14,150,000.00 1201/01/~~2004~~2005 506105403 N/A 10/01/2014 N 13,~~997~~983,~~799~~278.4781 13,~~983~~970,~~278~~944.8159 1201/01/~~2004~~2005 506105308 N/A 04/01/2014 N 13,~~899~~883,~~652~~840.2249 13,~~883~~870,~~840~~073.4971 1101/01/~~2004~~2005 506105459 N/A 09/01/2011 N 13,~~766~~748,~~561~~662.5407 13,~~748~~732,~~662~~806.0774 12/01/2004 850500049 N/A 07/01/2009 N 13,350,000.00 13,350,000.00 1201/01/~~2004~~2005 850201497 N/A 07/01/2014 N 13,~~053~~040,~~594~~223.9626 13,~~040~~028,~~223~~944.2603 1201/01/~~2004~~2005 850201665 N/A 10/01/2014 N 12,~~720~~638,~~556~~897.9046 12,~~638~~558,~~897~~725.4635 12/01/2004 506105435 N/A 06/01/2014 N 6,~~818~~807,~~645~~614.2241 6,~~807~~797,~~614~~562.4131 1201/01/~~2004~~2005 506105436 N/A 06/01/2014 N 2,~~888~~883,~~247~~574.0864 2,~~883~~879,~~574~~316.6476 1201/01/~~2004~~2005 506105437 N/A 06/01/2014 N 2,~~104~~100,~~152~~748.5356 2,~~100~~097,~~748~~646.5660 1201/01/~~2004~~2005 310901578 N/A 07/01/2011 N 11,~~157~~145,~~798~~793.7444 11,~~145~~135,~~793~~495.4487 1201/01/~~2004~~2005 850201242 10/01/2013 10/01/2023 N 10,~~695~~658,~~190~~024.9510 10,~~658~~622,~~024~~439.1081 1201/01/~~2004~~2005 310901586 N/A 07/01/2011 N 9,~~939~~923,~~484~~092.2532 9,~~923~~908,~~092~~081.3203 12/01/2004 506105482 09/01/2014 09/01/2024 N 9,~~757~~734,~~167~~835.4391 9,~~734~~713,~~835~~924.9155 1201/01/~~2004~~2005 310901594 N/A 06/01/2014 N 9,~~454~~444,~~405~~249.3887 9,~~444~~435,~~249~~551.8762 1201/01/~~2004~~2005 850201479 N/A 06/01/2014 N 9,~~175~~154,~~083~~865.2505 9,~~154~~136,~~865~~104.0582 1201/01/~~2004~~2005 506105245 N/A 01/01/2014 N 8,~~612~~603,~~724~~090.5814 8,~~603~~594,~~090~~765.1417 1201/01/~~2004~~2005 850201585 N/A 09/01/2014 N 8,~~383~~375,~~970~~222.7740 8,~~375~~367,~~222~~783.4034 1201/01/~~2004~~2005 506105493 N/A 10/01/2014 N 8,~~290~~278,~~098~~682.1730 8,~~278~~268,~~682~~664.3009 1101/01/~~2004~~2005 850201504 N/A 08/01/2014 N 8,~~276~~268,~~733~~014.5466 8,~~268~~260,~~014~~582.6659 1201/01/~~2004~~2005 506105563 N/A 08/01/2014 N 8,~~076~~067,~~144~~283.2776 8,~~067~~059,~~283~~630.7631 1201/01/~~2004~~2005 310901666 N/A 08/01/2024 N 7,~~754~~738,~~853~~704.4116 7,~~738~~723,~~704~~864.1670 1201/01/~~2004~~2005 506105443 N/A 07/01/2014 N 7,~~574~~566,~~417~~963.7206 7,~~566~~560,~~963~~766.0697 1201/01/~~2004~~2005 850201501 N/A 07/01/2014 N 7,~~386~~379,~~507~~088.5803 7,~~379~~372,~~088~~875.0394 1201/01/~~2004~~2005 600873653 N/A 09/10/2014 N 7,~~220~~205,~~597~~159.9007 7,~~205~~190,~~159~~885.0710 1112/10/2004 850201473 N/A 05/01/2014 N 7,~~062~~054,~~018~~786.4480 7,~~054~~048,~~786~~698.8060 1201/01/~~2004~~2005 850201491 N/A 07/01/2014 N 7,000,000.00 7,000,000.00 1201/01/~~2004~~2005 506105489 N/A 08/01/2014 N 7,000,000.00 7,000,000.00 12/01/2004 310901538 N/A 08/01/2014 N 6,~~976~~967,~~358~~772.8543 6,~~967~~960,~~772~~108.4366 1201/01/~~2004~~2005 850201495 N/A 10/31/2012 N 6,~~973~~966,~~827~~370.8173 6,~~966~~959,~~370~~987.7342 1201/01/~~2004~~2005 310901633 N/A 07/01/2014 N 6,~~725~~718,~~217~~129.2366 6,~~718~~712,~~129~~092.6601 1201/01/~~2004~~2005 506105491 N/A 10/01/2014 N 6,~~484~~467,~~215~~199.7858 6,~~467~~451,~~199~~235.5872 1112/01/2004 506105526 08/01/2014 08/01/2034 N 6,~~133~~126,~~053~~682.3849 6,~~126~~121,~~682~~277.4977 1201/01/~~2004~~2005 600873654 N/A 07/05/2024 N 5,~~950~~937,~~881~~695.6102 5,~~937~~925,~~695~~436.0273 1112/05/2004 600873655 N/A 07/05/2014 N 5,~~878~~872,~~999~~954.3519 5,~~872~~867,~~954~~848.1914 1112/05/2004 506105485 09/01/2014 09/01/2024 N 5,~~654~~641,~~548~~258.1649 5,~~641~~628,~~258~~838.4921 1201/01/~~2004~~2005 506105144 N/A 10/01/2013 N 5,~~620~~614,~~854~~118.3134 5,~~614~~608,~~118~~191.3417 1201/01/~~2004~~2005 506105348 06/01/2011 06/01/2034 N 5,500,000.00 5,500,000.00 1112/01/2004 600873656 N/A 07/05/2024 N 5,~~454~~442,~~670~~512.4764 5,~~442~~431,~~512~~198.6429 1112/05/2004 600873657 N/A 06/05/2014 N 5,~~258~~249,~~464~~597.9804 5,~~249~~241,~~597~~443.0441 1112/05/2004 310901574 N/A 06/01/2013 N 5,~~059~~051,~~831~~260.4054 5,~~051~~043,~~260~~372.5484 1201/01/~~2004~~2005 506105404 N/A 08/01/2014 N 4,~~809~~803,~~073~~180.5595 4,~~803~~798,~~180~~052.9599 1201/01/~~2004~~2005 600873658 N/A 09/01/2014 N 4,~~787~~780,~~304~~904.6978 4,~~780~~774,~~904~~469.7877 12/01/2004 600873659 N/A 05/01/2014 N 4,~~572~~566,~~260~~892.7365 4,~~566~~562,~~892~~449.6580 12/01/2004 310901508 N/A 04/01/2014 N 4,~~455~~448,~~364~~452.1449 4,~~448~~442,~~452~~224.4913 1201/01/~~2004~~2005 610901555 N/A 07/01/2014 N 4,~~303~~297,~~427~~392.5924 4,~~297~~292,~~392~~081.2482 1201/01/~~2004~~2005 610901531 N/A 07/01/2014 N 4,~~285~~280,~~239~~957.7028 4,~~280~~277,~~957~~377.2832 1201/01/~~2004~~2005 610901489 N/A 08/01/2014 N 4,~~233~~227,~~806~~857.5462 4,~~227~~222,~~857~~616.6222 1201/01/~~2004~~2005 410901653 N/A 08/01/2014 N 4,000,000.00 4,000,000.00 1201/01/~~2004~~2005 410901700 N/A 08/01/2009 N 3,~~957~~950,~~100~~687.1604 3,~~950~~944,~~687~~832.0445 1201/01/~~2004~~2005 310901625 N/A 07/01/2014 N 3,920,000.00 3,920,000.00 12/01/2004 310901562 N/A 07/01/2014 N 3,850,000.00 3,850,000.00 1201/01/~~2004~~2005 620901548 N/A 06/01/2014 N 3,~~815~~809,~~342~~930.0346 3,~~809~~805,~~930~~158.4623 1201/01/~~2004~~2005 410901542 N/A 07/01/2014 N 3,~~737~~733,~~531~~888.6625 3,~~733~~730,~~888~~871.2509 1201/01/~~2004~~2005 506105537 N/A 08/01/2014 N 3,~~690~~686,~~109~~369.6990 3,~~686~~683,~~369~~224.9081 1201/01/~~2004~~2005 506105490 N/A 07/01/2014 N 3,~~637~~634,~~953~~427.87 3,~~634~~631,~~427~~514.8748 1201/01/~~2004~~2005 310901563 N/A 07/01/2014 N 3,600,000.00 3,600,000.00 1201/01/~~2004~~2005 600873660 N/A 07/01/2024 N 3,~~570~~562,~~049~~026.4397 3,~~562~~554,~~026~~549.9777 12/01/2004 620901635 N/A 08/01/2014 N 3,~~490~~487,~~927~~476.6937 3,~~487~~484,~~476~~600.3732 1201/01/~~2004~~2005 410901589 N/A 07/01/2014 N 3,~~487~~484,~~927~~428.1925 3,~~484~~481,~~428~~499.25 12 01/01/~~2004~~2005 506105399 N/A 05/01/2014 N 3,~~453~~448,~~010~~950.4500 3,~~448~~445,~~950~~377.0053 12/01/2004 410901610 N/A 08/01/2014 N 3,~~291~~287,~~158~~816.1736 3,~~287~~285,~~816~~004.3604 1201/01/~~2004~~2005 410901403 N/A 03/01/2014 N 3,~~223~~219,~~593~~914.3298 3,~~219~~216,~~914~~711.9872 1201/01/~~2004~~2005 600873661 N/A 07/01/2014 N 3,~~187~~183,~~513~~986.9039 3,~~183~~180,~~986~~933.3943 12/01/2004 506105466 09/01/2014 09/01/2034 N 3,~~144~~140,~~133~~920.5144 3,~~140~~138,~~920~~208.4402 1201/01/~~2004~~2005 410901463 N/A 03/01/2014 N 3,~~125~~122,~~518~~082.9151 3,~~122~~119,~~082~~124.5112 12/01/2004 410901409 N/A 01/01/2014 N 3,~~057~~053,~~945~~358.0446 3,~~053~~049,~~358~~269.4699 1201/01/~~2004~~2005 506104824 N/A 06/01/2013 N 3,~~005~~002,~~534~~006.2288 32,~~002~~998,~~006~~934.8808 1201/01/~~2004~~2005 620901608 N/A 07/01/2014 N 2,~~989~~986,~~141~~026.3972 2,~~986~~983,~~026~~383.7271 1201/01/~~2004~~2005 410901512 N/A 05/01/2014 N 2,~~982~~978,~~242~~925.7562 2,~~978~~976,~~925~~054.6280 1201/01/~~2004~~2005 410901576 N/A 07/01/2019 N 2,~~957~~945,~~061~~881.1697 2,~~945~~935,~~881~~083.9748 1201/01/~~2004~~2005 310901623 N/A 07/01/2014 N 2,800,000.00 2,800,000.00 1201/01/~~2004~~2005 410901602 N/A 06/01/2014 N 2,~~786~~783,~~531~~532.4162 2,~~783~~780,~~532~~962.6255 1201/01/~~2004~~2005 410901537 N/A 06/01/2014 N 2,~~765~~762,~~614~~449.3707 2,~~762~~759,~~449~~683.0790 1201/01/~~2004~~2005 506105507 08/01/2014 08/01/2024 N 2,~~683~~677,~~593~~762.4516 2,~~677~~672,~~762~~357.1674 1112/01/2004 410901404 N/A 01/01/2014 N 2,~~661~~657,~~654~~497.2675 2,~~657~~653,~~497~~754.7593 12/01/2004 310901652 N/A 09/01/2019 N 2,~~484~~475,~~154~~936.8584 2,~~475~~468,~~936~~130.8465 12/01/2004 410901609 N/A 07/01/2019 N 2,~~418~~409,~~307~~957.7627 2,~~409~~401,~~957~~987.2708 1201/01/~~2004~~2005 506105521 N/A 10/01/2014 N 2,~~422~~420,~~990~~565.0792 2,~~420~~418,~~565~~533.9207 12/01/2004 410901648 N/A 08/01/2014 N 2,~~389~~386,~~992~~368.9202 2,~~386~~383,~~368~~109.0243 1201/01/~~2004~~2005 410901651 N/A 07/01/2014 N 2,~~292~~290,~~558~~370.8875 2,~~290~~288,~~370~~573.7580 12/01/2004 410901573 N/A 07/01/2014 N 2,~~252~~250,~~887~~782.6446 2,~~250~~249,~~782~~068.4662 1101/01/~~2004~~2005 410901583 N/A 07/01/2014 N 2,~~191~~188,~~033~~521.6951 2,~~188~~186,~~521~~323.5195 1201/01/~~2004~~2005 506105382 N/A 05/01/2014 N 2,~~157~~154,~~582~~385.9126 2,~~154~~151,~~385~~534.2713 1201/01/~~2004~~2005 410901564 N/A 06/01/2014 N 2,~~127~~125,~~492~~254.5307 2,~~125~~123,~~254~~350.0705 1201/01/~~2004~~2005 410901572 N/A 06/01/2011 N 2,~~067~~064,~~560~~880.5527 2,~~064~~062,~~880~~460.2718 1201/01/~~2004~~2005 410901603 N/A 07/01/2014 N 1,~~992~~990,~~428~~276.6783 1,~~990~~988,~~276~~428.83 1201/01/~~2004~~2005 410901466 N/A 07/01/2014 N 1,~~990~~987,~~321~~597.0784 1,~~987~~985,~~597~~218.8473 1201/01/~~2004~~2005 410901613 N/A 07/01/2014 N 1,~~971~~964,~~737~~369.8003 1,~~964~~957,~~369~~261.0327 1201/01/~~2004~~2005 310901626 N/A 07/01/2014 N 1,920,000.00 1,920,000.00 1201/01/~~2004~~2005 410901560 N/A 06/01/2014 N 1,~~633~~629,~~348~~795.4111 1,~~629~~626,~~795~~506.1126 1201/01/~~2004~~2005 410901592 N/A 07/01/2014 N 1,~~621~~619,~~451~~081.6451 1,~~619~~616,~~081~~972.5139 1201/01/~~2004~~2005 410901497 N/A 07/01/2011 N 1,~~593~~591,~~299~~431.7581 1,~~591~~589,~~431~~787.8135 1201/01/~~2004~~2005 410901430 N/A 03/01/2014 N 1,~~588~~586,~~357~~703.4043 1,~~586~~585,~~703~~305.4321 1201/01/~~2004~~2005 410901505 N/A 08/01/2014 N 1,~~411~~410,~~704~~421.3297 1,~~410~~409,~~421~~389.9762 1201/01/~~2004~~2005 410901606 N/A 07/01/2014 N 1,~~395~~394,~~824~~572.5422 1,~~394~~393,~~572~~570.2257 1201/01/~~2004~~2005 410901599 N/A 07/01/2014 N 1,~~395~~393,~~299~~928.0240 1,~~393~~392,~~928~~790.4001 1201/01/~~2004~~2005 410901552 N/A 07/01/2014 N 1,~~394~~392,~~499~~947.3745 1,~~392~~391,~~947~~601.4597 1201/01/~~2004~~2005 410901590 N/A 07/01/2014 N 1,~~385~~384,~~491~~166.7481 1,~~384~~383,~~166~~077.8190 1201/01/~~2004~~2005 410901553 N/A 06/01/2014 N 1,~~290~~287,~~065~~937.7598 1,~~287~~285,~~937~~990.9877 1201/01/~~2004~~2005 620901601 N/A 07/01/2009 N 1,~~284~~282,~~120~~472.1167 1,~~282~~281,~~472~~028.6734 1201/01/~~2004~~2005 410901621 N/A 07/01/2014 N 1,~~200~~199,~~923~~737.9043 1,~~199~~198,~~737~~749.4384 1101/01/~~2004~~2005 410901420 N/A 02/01/2014 N 1,~~086~~085,~~844~~260.5003 1,~~085~~083,~~260~~857.0317 1201/01/~~2004~~2005 620901584 N/A 07/01/2014 N 1,~~044~~042,~~057~~431.7925 1,~~042~~040,~~431~~960.2566 1201/01/~~2004~~2005 410901611 N/A 08/01/2019 N ~~990,515.11~~ 987,196.80 12984,041.23 01/01/~~2004~~2005 Totals 1,~~232~~231,~~263~~066,~~313~~170.8361 1,~~231~~229,~~066~~989,~~170~~398.6010

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 01/11/2005 0 $0.00 0 $0.00 0 $0.00 12/13/2004 0 $0.00 0 $0.00 0 $0.00 11/12/2004 0 $0.00 0 $0.00 0 $0.00

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 01/11/2005 0 $0.00 0 $0.00 0 $0.00 12/13/2004 0 $0.00 0 $0.00 0 $0.00 11/12/2004 0 $0.00 0 $0.00 0 $0.00

Prepayments Rate and Maturities Distribution Curtailments Payoff Next Weighted Avg. WAM Date # Amount # Amount Coupon Remit 01/11/2005 0 $0.00 0 $0.00 5.777493% 5.726178% 110 12/13/2004 0 $0.00 0 $0.00 5.777584% 5.726264% 111 11/12/2004 0 $0.00 0 $0.00 5.777692% 5.726367% 112 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 506105492 14 0 1112/01/2004 146,~~068~~050.2643 146,~~068~~050.2643 A ~~506105308~~310901189 2821 0 1112/01/2004 7998,~~049~~109.3610 7998,~~049~~109.3610 A ~~506105493~~506105525 4422 0 12/01/2004 102,000.11 102,000.11 A 850201200 23 0 12/01/2004 55108,~~004~~754.5162 55108,~~004~~754.5162 A ~~506105491~~506105459 5729 0 1112/01/2004 5181,~~217~~438.7417 5181,~~217~~438.7417 A ~~600873654~~850201665 5932 0 1112/0501/2004 42137,~~519~~038.38 137,038.38 A 310901586 38 0 12/01/2004 59,786.48 4259,~~519~~786.48 BA ~~600873655~~506105489 6053 0 1112/0501/2004 3435,~~582~~621.8115 3435,~~582~~621.8115 BA 506105491 57 0 12/01/2004 51,212.70 51,212.70 A 506105348 63 0 1112/01/2004 2425,~~426~~241.8810 2425,~~426~~241.8810 A ~~600873656~~600873658 6468 0 1112/0501/2004 3832,~~817~~032.77 32,032.77 B 600873659 69 0 12/01/2004 33,721.08 33,721.08 B 310901625 76 0 12/01/2004 19,949.53 3819,~~817~~949.53 BA ~~600873657~~600873660 6583 0 1112/0501/2004 3025,~~975~~252.4020 3025,~~975~~252.4020 B ~~506105507~~506105399 ~~100~~86 0 1112/01/2004 19,~~382~~163.3212 19,~~382~~163.3212 A ~~410901573~~600873661 ~~107~~89 0 1112/01/2004 1417,~~045~~954.4845 1417,~~045~~954.4845 B ~~410901621~~410901463 ~~127~~91 0 1112/01/2004 718,~~141~~148.0419 718,~~141~~148.0419 A ~~Totals~~410901404 101 0 12/01/2004 ~~543~~17,~~230~~038.43 17,038.43 A 310901652 102 0 12/01/2004 21,813.81 ~~543~~21,~~230~~813.81 A 506105521 104 0 12/01/2004 14,475.53 14,475.53 A 410901651 106 0 12/01/2004 14,123.60 14,123.60 A Totals 21 1,078,924.95 1,078,924.95

Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date 506105492 21,~~973~~943,~~859~~694.9060 0.00 ~~506105308~~310901189 15,635,813.59 0.00 506105525 14,929,396.32 0.00 850201200 14,906,906.92 0.00 506105459 13,~~899~~748,~~652~~662.2207 0.00 ~~506105493~~850201665 812,~~290~~638,~~098~~897.1746 0.00 ~~506105491~~310901586 69,~~484~~923,~~215~~092.7933 0.00 ~~600873654~~506105489 57,~~950~~000,~~881~~000.6100 0.00 ~~600873655~~506105491 56,~~878~~467,~~999~~199.3558 0.00 506105348 5,500,000.00 0.00 ~~600873656~~600873658 54,~~454~~780,~~670~~904.4778 0.00 ~~600873657~~600873659 54,~~258~~566,~~464~~892.9865 0.00 ~~506105507~~310901625 3,920,000.00 0.00 600873660 3,562,026.97 0.00 506105399 3,448,950.00 0.00 600873661 3,183,986.39 0.00 410901463 3,122,082.52 7,893.00 410901404 2,~~683~~657,~~593~~497.4574 6,727.00 310901652 2,475,936.84 0.00 ~~410901573~~506105521 2,~~252~~420,~~887~~565.6492 0.00 ~~410901621~~410901651 12,~~200~~290,~~923~~370.9076 0.00 Totals 84159,~~828~~122,~~247~~877.4844 014,620.00

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = A (717 loans) ~~382~~969,~~290~~964.1145 ~~382~~969,~~290~~964.1145 60143,~~032~~029,~~343~~066.4365 014,620.00 Total for Status Code = B (54 loans) ~~160~~108,~~940~~960.7050 ~~160~~108,~~940~~960.7050 2416,~~795~~093,~~904~~810.0579 0.00 (1) Status of Mortgage Loan A - Payment Not Received But Still In Grace Period B - Late Payment But Less Than 1 Month Delinquent 0 - Current 1 - One Month Delinquent 2 - Two Months Delinquent 3 - Three or More Months Delinquent 4 - Assumed Scheduled Payment (Performing Matured Balloon) 7 - Foreclosure 9 - REO (2) Resolution Strategy Code 1 - Modification 2 - Foreclosure 3 - Bankruptcy 4 - Extension 5 - Note Sale 6 - DPO 7 - REO 8 - Resolved 9 - Pending Return to Master Servicer 10 - Deed In Lieu Of Foreclosure 11 - Full Payoff 12 - Reps and Warranties 13 - Other or TBD ** Outstanding P & I Advances include the current period advance.

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

Filing Compare · Bear Stearns Commercial Mortgage Securities Trust 2004-PWR5