8-K 1 msc05t17_10506.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: June 13, 2005 (Date of earliest event reported) Commission File No.: 333-104283-23 Morgan Stanley Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2005-TOP17 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2168022 54-2168023 54-2168024 54-6651110 (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 June 13, 2005, a distribution was made to holders of Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2005-TOP17. 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 2005-TOP17, relating to the June 13, 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. Morgan Stanley Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2005-TOP17 (Registrant) By: Wells Fargo Bank, N.A. as Paying Agent By: /s/ Beth Belfield, Officer By: Beth Belfield, Officer Date: June 13, 2005 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2005-TOP17, relating to the June 13, 2005 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Morgan Stanley Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2005-TOP17 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: June 13, 2005 Record Date: May 31, 2005 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 - 14 Principal Prepayment Detail 15 Historical Detail 16 Delinquency Loan Detail 17 Specially Serviced Loan Detail 18 - 19 Modified Loan Detail 20 Liquidated Loan Detail 21 Bond / Collateral Realized Loss Reconciliation 22 Depositor Morgan Stanley Capital I Inc. 1585 Broadway New York, NY 10036 Contact: General Information Number Phone Number: (212) 761-4700 Master Servicer Wells Fargo Bank, N.A. 45 Fremont Street, 2nd Floor investorreporting@wellsfargo.com San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: Special Servicer ARCap Servicing, Inc. 5605 N. MacArthur Blvd. Irving, TX 75038 Contact: Chris Crouch Phone Number: (972) 580-1688 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 61745MV75 3.390000% 14,400,000.00 1211,~~591~~983,~~713~~307.8371 ~~608~~545,~~406~~123.1211 3533,~~571~~852.5984 A-2 61745MV83 4.110000% 23,000,000.00 23,000,000.00 0.00 78,775.00 A-3 61745MV91 4.280000% 56,800,000.00 56,800,000.00 0.00 202,586.67 A-4 61745MW25 4.520000% 85,600,000.00 85,600,000.00 0.00 322,426.67 A-AB 61745MW33 4.630000% 58,200,000.00 58,200,000.00 0.00 224,555.00 A-5 61745MW41 4.780000% 576,041,000.00 576,041,000.00 0.00 2,294,563.32 A-J 61745MW66 4.840000% 74,784,000.00 74,784,000.00 0.00 301,628.80 B 61745MW74 4.880000% 20,841,000.00 20,841,000.00 0.00 84,753.40 C 61745MW82 4.900000% 7,356,000.00 7,356,000.00 0.00 30,037.00 D 61745MW90 4.970000% 11,034,000.00 11,034,000.00 0.00 45,699.15 E 61745MX32 5.070000% 9,808,000.00 9,808,000.00 0.00 41,438.80 F 61745MX40 5.~~228101~~395284% 6,129,000.00 6,129,000.00 0.00 2627,~~702~~556.5342 G 61745MX57 5.~~328101~~495284% 7,356,000.00 7,356,000.00 0.00 3233,~~661~~686.2609 H 61745MX65 5.~~388101~~555284% 7,356,000.00 7,356,000.00 0.00 3334,~~029~~053.0689 J 61745MX73 4.654000% 2,452,000.00 2,452,000.00 0.00 9,509.67 K 61745MX81 4.654000% 3,678,000.00 3,678,000.00 0.00 14,264.51 L 61745MX99 4.654000% 3,678,000.00 3,678,000.00 0.00 14,264.51 M 61745MY23 4.654000% 1,226,000.00 1,226,000.00 0.00 4,754.84 N 61745MY31 4.654000% 1,226,000.00 1,226,000.00 0.00 4,754.84 O 61745MY49 4.654000% 2,452,000.00 2,452,000.00 0.00 9,509.67 P 61745MY56 4.654000% 7,355,819.00 7,355,819.00 0.00 28,528.32 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-II N/A 0.000000% 0.00 0.00 0.00 0.00 Totals 980,772,819.00 978,~~964~~356,~~532~~126.8371 ~~608~~545,~~406~~123.1211 3,~~840~~841,~~014~~199.6141

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 61745MV75 0.00 0.00 ~~643~~578,~~977~~975.7195 11,~~983~~438,~~307~~184.7160 17.0405% A-2 61745MV83 0.00 0.00 78,775.00 23,000,000.00 17.0405% A-3 61745MV91 0.00 0.00 202,586.67 56,800,000.00 17.0405% A-4 61745MW25 0.00 0.00 322,426.67 85,600,000.00 17.0405% A-AB 61745MW33 0.00 0.00 224,555.00 58,200,000.00 17.0405% A-5 61745MW41 0.00 0.00 2,294,563.32 576,041,000.00 17.0405% A-J 61745MW66 0.00 0.00 301,628.80 74,784,000.00 9.40% B 61745MW74 0.00 0.00 84,753.40 20,841,000.00 7.27% C 61745MW82 0.00 0.00 30,037.00 7,356,000.00 6.52% D 61745MW90 0.00 0.00 45,699.15 11,034,000.00 5.39% E 61745MX32 0.00 0.00 41,438.80 9,808,000.00 4.39% F 61745MX40 0.00 0.00 2627,~~702~~556.5342 6,129,000.00 3.76% G 61745MX57 0.00 0.00 3233,~~661~~686.2609 7,356,000.00 3.01% H 61745MX65 0.00 0.00 3334,~~029~~053.0689 7,356,000.00 2.26% J 61745MX73 0.00 0.00 9,509.67 2,452,000.00 2.0001% K 61745MX81 0.00 0.00 14,264.51 3,678,000.00 1.63% L 61745MX99 0.00 0.00 14,264.51 3,678,000.00 1.25% M 61745MY23 0.00 0.00 4,754.84 1,226,000.00 1.13% N 61745MY31 0.00 0.00 4,754.84 1,226,000.00 1.00% O 61745MY49 0.00 0.00 9,509.67 2,452,000.00 0.75% P 61745MY56 0.00 0.00 28,528.32 7,355,819.00 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-II N/A 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 4,~~448~~386,~~420~~322.7352 ~~978~~977,~~356~~811,~~126~~003.7160

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount X-1 61745MX24 0.~~048004~~049585% 980,772,819.00 978,~~964~~356,~~532~~126.8371 3940,~~161~~426.6029 X-2 61745MW58 0.~~644213~~807772% 962,024,000.00 962,024,000.00 ~~516~~647,~~457~~579.3276

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount X-1 61745MX24 0.00 3940,~~161~~426.6029 ~~978~~977,~~356~~811,~~126~~003.7160 X-2 61745MW58 0.00 ~~516~~647,~~457~~579.3276 962,024,000.00 (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 61745MV75 ~~874~~832.~~42457153~~17414653 4237.~~25042500~~85577153 2.~~47024931~~35089167 0.00000000 0.00000000 ~~832~~794.~~17414653~~31837500 A-2 61745MV83 1,000.00000000 0.00000000 3.42500000 0.00000000 0.00000000 1,000.00000000 A-3 61745MV91 1,000.00000000 0.00000000 3.56666673 0.00000000 0.00000000 1,000.00000000 A-4 61745MW25 1,000.00000000 0.00000000 3.76666671 0.00000000 0.00000000 1,000.00000000 A-AB 61745MW33 1,000.00000000 0.00000000 3.85833333 0.00000000 0.00000000 1,000.00000000 A-5 61745MW41 1,000.00000000 0.00000000 3.98333334 0.00000000 0.00000000 1,000.00000000 A-J 61745MW66 1,000.00000000 0.00000000 4.03333333 0.00000000 0.00000000 1,000.00000000 B 61745MW74 1,000.00000000 0.00000000 4.06666667 0.00000000 0.00000000 1,000.00000000 C 61745MW82 1,000.00000000 0.00000000 4.08333333 0.00000000 0.00000000 1,000.00000000 D 61745MW90 1,000.00000000 0.00000000 4.14166667 0.00000000 0.00000000 1,000.00000000 E 61745MX32 1,000.00000000 0.00000000 4.22500000 0.00000000 0.00000000 1,000.00000000 F 61745MX40 1,000.00000000 0.00000000 4.~~35675151~~49607114 0.00000000 0.00000000 1,000.00000000 G 61745MX57 1,000.00000000 0.00000000 4.~~44008428~~57940321 0.00000000 0.00000000 1,000.00000000 H 61745MX65 1,000.00000000 0.00000000 4.~~49008428~~62940321 0.00000000 0.00000000 1,000.00000000 J 61745MX73 1,000.00000000 0.00000000 3.87833197 0.00000000 0.00000000 1,000.00000000 K 61745MX81 1,000.00000000 0.00000000 3.87833333 0.00000000 0.00000000 1,000.00000000 L 61745MX99 1,000.00000000 0.00000000 3.87833333 0.00000000 0.00000000 1,000.00000000 M 61745MY23 1,000.00000000 0.00000000 3.87833605 0.00000000 0.00000000 1,000.00000000 N 61745MY31 1,000.00000000 0.00000000 3.87833605 0.00000000 0.00000000 1,000.00000000 O 61745MY49 1,000.00000000 0.00000000 3.87833197 0.00000000 0.00000000 1,000.00000000 P 61745MY56 1,000.00000000 0.00000000 3.87833360 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-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-1 61745MX24 ~~998~~997.~~15626398~~53593060 0.~~03992933~~04121881 0.00000000 ~~997~~996.~~53593060~~98012084 X-2 61745MW58 1,000.00000000 0.~~53684453~~67314304 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding ~~309~~334,~~762~~868.8922 Servicing Advances Outstanding 0.00 Reimbursement for Interest on Advances 0.00 paid from general collections

Master Servicing Fee Summary Current Period Accrued Master Servicing Fees 2829,~~569~~424.9418 Less Delinquent Master Servicing Fees 12,~~882~~088.0302 Less Reductions to Master Servicing Fees 0.00 Plus Master Servicing Fees for Delinquent Payments Received 21,~~527~~882.1403 Plus Adjustments for Prior Master Servicing Calculation 0.00 Total Master Servicing Fees Collected 29,~~215~~218.0519

Certificate Interest Reconciliation Class Accrued Net Aggregate Realized Previously Unpaid Distributable Distributable Certificate Prepayment Losses/ Interest Certificate Certificate Interest Interest Expense (including interest Interest Interest Shortfall Losses thereon) Adjustment A-1 3533,~~571~~852.5984 0.00 0.00 0.00 3533,~~571~~852.5984 0.00 A-2 78,775.00 0.00 0.00 0.00 78,775.00 0.00 A-3 202,586.67 0.00 0.00 0.00 202,586.67 0.00 A-4 322,426.67 0.00 0.00 0.00 322,426.67 0.00 A-AB 224,555.00 0.00 0.00 0.00 224,555.00 0.00 A-5 2,294,563.32 0.00 0.00 0.00 2,294,563.32 0.00 A-J 301,628.80 0.00 0.00 0.00 301,628.80 0.00 X-1 3940,~~161~~426.6029 0.00 0.00 0.00 3940,~~161~~426.6029 0.00 X-2 ~~516~~647,~~457~~579.3276 0.00 0.00 0.00 ~~516~~647,~~457~~579.3276 0.00 B 84,753.40 0.00 0.00 0.00 84,753.40 0.00 C 30,037.00 0.00 0.00 0.00 30,037.00 0.00 D 45,699.15 0.00 0.00 0.00 45,699.15 0.00 E 41,438.80 0.00 0.00 0.00 41,438.80 0.00 F 2627,~~702~~556.5342 0.00 0.00 0.00 2627,~~702~~556.5342 0.00 G 3233,~~661~~686.2609 0.00 0.00 0.00 3233,~~661~~686.2609 0.00 H 3334,~~029~~053.0689 0.00 0.00 0.00 3334,~~029~~053.0689 0.00 J 9,509.67 0.00 0.00 0.00 9,509.67 0.00 K 14,264.51 0.00 0.00 0.00 14,264.51 0.00 L 14,264.51 0.00 0.00 0.00 14,264.51 0.00 M 4,754.84 0.00 0.00 0.00 4,754.84 0.00 N 4,754.84 0.00 0.00 0.00 4,754.84 0.00 O 9,509.67 0.00 0.00 0.00 9,509.67 0.00 P 28,528.32 0.00 0.00 0.00 28,528.32 0.00 Total 4,~~395~~529,~~633~~205.5346 0.00 0.00 0.00 4,~~395~~529,~~633~~205.5346 0.00

Class Interest Remaining Distribution Unpaid Interest A-1 3533,~~571~~852.5984 0.00 A-2 78,775.00 0.00 A-3 202,586.67 0.00 A-4 322,426.67 0.00 A-AB 224,555.00 0.00 A-5 2,294,563.32 0.00 A-J 301,628.80 0.00 X-1 3940,~~161~~426.6029 0.00 X-2 ~~516~~647,~~457~~579.3276 0.00 B 84,753.40 0.00 C 30,037.00 0.00 D 45,699.15 0.00 E 41,438.80 0.00 F 2627,~~702~~556.5342 0.00 G 3233,~~661~~686.2609 0.00 H 3334,~~029~~053.0689 0.00 J 9,509.67 0.00 K 14,264.51 0.00 L 14,264.51 0.00 M 4,754.84 0.00 N 4,754.84 0.00 O 9,509.67 0.00 P 28,528.32 0.00 Total 4,~~395~~529,~~633~~205.5346 0.00

Other Required Information Available Distribution Amount (1) 5,~~004~~074,~~039~~328.6557 Principal Distribution Amount ~~608~~545,~~406~~123.1211 (a) Principal portion of Scheduled Payments ~~608~~545,~~406~~123.1211 and any Assumed Scheduled Payments (b) Principal Prepayments 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 Aggregate Number of Outstanding Mortgage Loans 113 Aggregate Unpaid Principal Balance of the Mortgage Loans ~~978~~977,~~358~~816,~~267~~063.6600 Aggregate Scheduled Principal Balance of the Mortgage Loans ~~978~~977,~~356~~811,~~127~~004.1605 Interest Reserve Account Deposits 0.00 Withdrawals 0.00 Total Master Servicing and Special Servicing Fee Paid 29,~~215~~218.0519 Master Servicing Fee Paid 29,~~215~~218.0519 Special Servicing Fee Paid 0.00 Trustee Fee Paid ~~775~~798.0143 Paying Agent Fee Paid 1,~~346~~386.0874 Expense Losses (Additional Trust Fund Expenses) 0.00 (i) Special Servicing and Liquidation Fees 0.00 (ii) Advance Interest 0.00 (iii)Indemnification Expenses 0.00 (iv) Taxes Imposed on the Trust 0.00 (v) Amount of any Advance not Recovered 0.00 upon a Final Recovery Determination (1) The Available Distribution Amount includes any Prepayment Premiums.

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 4,560,814.84 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 4,560,814.84 Principal: Scheduled Principal 545,123.11 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 545,123.11 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 5,105,937.95 Total Funds Distributed Fees: Master Servicing Fee 29,424.18 Trustee Fee 798.43 Certificate Administration Fee 1,386.74 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 31,609.35 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 0.00 ASER Amount 0.00 Special Servicing Fee 0.00 Rating Agency Expenses 0.00 Attorney Fees & Expenses 0.00 Bankruptcy Expense 0.00 Taxes Imposed on Trust Fund 0.00 Non-Recoverable Advances 0.00 Other Expenses 0.00 Total Additional Trust Fund Expenses 0.00 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 4,529,205.46 Principal Distribution 545,123.11 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 5,074,328.57 Total Funds Distributed 5,105,937.92

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. 1,000,000 or less 0 0.00 0.00 0 0.0000 0.000000 1,000,001 to 2,000,000 16 26,~~819~~775,~~196~~588.3724 2.74 ~~133~~132 5.~~6735~~6734 2.~~353491~~293094 2,000,001 to 3,000,000 12 28,~~767~~725,~~307~~324.9135 2.94 ~~124~~123 5.5547 2.~~005171~~003975 3,000,001 to 4,000,000 18 64,~~360~~274,~~636~~533.0533 6.5857 ~~123~~122 5.~~5443~~5442 1.~~846346~~844709 4,000,001 to 5,000,000 12 52,~~199~~139,~~200~~062.6430 5.3433 ~~113~~112 5.7588 1.~~780335~~780432 5,000,001 to 6,000,000 8 44,~~767~~728,~~327~~247.5820 4.5857 ~~109~~108 5.~~6981~~6980 2.~~013189~~012099 6,000,001 to 7,000,000 6 39,~~745~~708,~~425~~887.4736 4.06 ~~121~~120 5.~~2680~~2677 2.~~215975~~206708 7,000,001 to 8,000,000 9 68,~~096~~037,~~030~~120.3308 6.96 ~~110~~109 5.~~3279~~3276 1.~~607948~~595684 8,000,001 to 9,000,000 4 34,~~637~~601,~~689~~145.0699 3.54 ~~113~~112 5.4164 1.~~894576~~895021 9,000,001 to 10,000,000 4 39,~~084~~070,~~966~~337.3829 34.9900 ~~105~~104 5.~~2384~~2383 2.~~989393~~989666 10,000,001 to 15,000,000 10 113,~~494~~404,~~869~~751.7287 11.60 ~~108~~107 5.~~5417~~5416 2.~~146076~~140552 15,000,001 to 20,000,000 4 68,125,000.00 6.9697 ~~101~~100 5.2996 2.472550 20,000,001 to 30,000,000 1 25,000,000.00 2.56 ~~115~~114 5.0000 5.620000 30,000,001 or greater 9 373,~~258~~221,~~477~~006.6504 38.1517 ~~107~~106 5.3694 2.~~241334~~241357 Totals 113 ~~978~~977,~~356~~811,~~127~~004.1605 100.00 ~~110~~109 5.~~4256~~4255 2.~~240322~~236773

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Alaska 3 3,~~907~~903,~~832~~798.5369 0.40 ~~115~~114 5.6039 1.~~673455~~673454 Arizona 6 19,~~919~~892,~~767~~749.04 2.0403 ~~123~~122 5.~~5417~~5419 1.~~703783~~684491 California 36 205,~~623~~466,~~778~~520.2700 21.0201 ~~113~~112 5.~~4821~~4820 2.~~214362~~210364 Colorado 5 25,~~892~~851,~~293~~106.3770 2.6564 ~~112~~111 5.~~8339~~8340 1.~~588617~~588637 Connecticut 2 38,700,000.00 3.96 ~~113~~112 5.4473 2.302093 Delaware 1 5,~~080~~074,~~726~~121.7375 0.52 ~~110~~109 6.2700 2.220000 Florida 9 120,~~122~~071,~~408~~474.1367 12.28 9392 5.~~2317~~2316 2.~~091627~~071976 Georgia 5 32,~~483~~448,~~891~~783.2570 3.32 ~~132~~131 5.~~5788~~5786 1.~~948178~~976785 Hawaii 4 124,048,155.00 12.6869 ~~114~~113 5.1452 0.477985 Illinois 1 6,905,000.00 0.71 7271 4.4930 2.740000 Indiana 1 1,~~849~~846,~~935~~458.5082 0.19 ~~236~~235 6.6500 1.170000 Kentucky 1 1,~~964~~957,~~075~~029.1526 0.20 ~~175~~174 5.4900 1.180000 Louisiana 1 6,~~117~~111,~~571~~751.0760 0.63 ~~115~~114 5.5900 2.250000 Maryland 2 17,~~571~~564,~~694~~236.9415 1.80 ~~111~~110 5.~~2452~~2450 3.~~781820~~782751 Massachusetts 1 9,763,000.00 1.00 7675 5.1740 2.360000 Michigan 5 21,~~771~~745,~~553~~164.0942 2.2322 ~~115~~114 5.4303 2.~~164516~~152596 New Jersey 3 49,~~625~~614,~~422~~043.9962 5.07 ~~110~~109 5.~~0221~~0219 3.~~364614~~363807 New Mexico 1 1,~~837~~835,~~255~~319.6451 0.19 ~~114~~113 5.1900 2.580000 New York 7 48,~~575~~559,~~643~~113.3742 4.97 ~~111~~110 5.~~0502~~0499 4.~~200154~~202051 North Carolina 2 11,~~497~~487,~~240~~903.2894 1.1817 ~~116~~115 6.3785 1.~~377694~~377679 North Dakota 1 ~~680~~679,~~089~~162.9036 0.07 ~~113~~112 5.9100 1.690000 Ohio 1 1,~~482~~480,~~132~~535.0783 0.15 ~~115~~114 5.7400 1.770000 Oregon 1 1,~~881~~879,~~219~~470.1861 0.19 ~~110~~109 5.8100 4.710000 Pennsylvania 3 80,~~719~~713,~~131~~376.1791 8.25 ~~110~~109 6.0124 1.~~813205~~813214 South Carolina 1 16,535,000.00 1.69 5554 5.0100 2.550000 Tennessee 1 4,~~056~~047,~~309~~983.2507 0.41 ~~235~~234 6.0800 1.160000 Texas 6 52,~~866~~795,~~378~~996.7199 5.40 ~~120~~119 5.4804 1.~~881493~~881631 Utah 1 1,~~355~~352,~~341~~156.4331 0.14 ~~106~~105 5.5700 2.430000 Virginia 6 70,~~051~~019,~~840~~822.1438 7.16 ~~112~~111 5.~~6937~~6938 2.~~243121~~243394 Washington 3 4,~~784~~774,~~595~~924.9732 0.49 ~~133~~132 5.~~7013~~7015 1.~~988735~~834565 Washington,DC 1 57,793,375.66 5.91 ~~109~~108 4.8400 3.750000 Totals 121 ~~978~~977,~~356~~811,~~127~~004.1605 100.00 ~~110~~109 5.~~4256~~4255 2.~~240322~~236773

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of WAM WAC Weighted Coverage Ratio Loans Balance Agg. (2) Avg DSCR (1) Bal. Unknown 3 46,663,155.00 4.77 ~~114~~113 5.1452 NAP 1.20 or less 4 12,~~042~~018,~~655~~782.3601 1.23 ~~184~~183 6.~~2099~~2102 1.~~157869~~157858 1.21 to 1.30 1 3,~~769~~758,~~462~~192.6144 0.3938 ~~199~~198 5.8400 1.240000 1.31 to 1.40 8 53,~~339~~271,~~248~~320.7495 5.45 ~~117~~116 5.~~7625~~7626 1.~~361768~~361758 1.41 to 1.50 1112 6871,~~574~~089,~~447~~833.7069 7.0127 ~~130~~129 5.~~6370~~6320 1.~~461320~~456516 1.51 to 1.60 1110 3835,~~538~~903,~~454~~487.1627 3.9467 ~~104~~102 5.~~5874~~5938 1.~~555322~~548808 1.61 to 1.70 97 4432,~~133~~742,~~766~~868.5084 43.5135 ~~116~~115 5.~~7990~~7038 1.~~660768~~663454 1.71 to 1.80 1013 7089,~~798~~527,~~204~~843.8773 79.2416 ~~114~~116 5.~~5174~~5880 1.~~761957~~760431 1.81 or greater 5655 ~~640~~632,~~496~~835,~~732~~520.2212 6564.4772 ~~105~~104 5.~~3326~~3303 2.~~720375~~725506 Totals 113 ~~978~~977,~~356~~811,~~127~~004.1605 100.00 ~~110~~109 5.~~4256~~4255 2.~~240322~~236773

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 19 87,~~231~~129,~~747~~760.3420 8.9291 ~~116~~115 5.5239 1.~~764462~~754931 Lodging 4 43,~~090~~066,~~946~~067.9924 4.40 ~~110~~109 5.~~3509~~3506 4.~~105642~~106853 Mixed Use 3 17,~~487~~480,~~485~~184.9396 1.79 ~~115~~114 5.~~1664~~1662 3.~~714829~~715791 Mobile Home Park 4 19,~~672~~664,~~238~~309.3329 2.01 ~~113~~112 5.~~0830~~0829 2.~~919325~~826968 Multi-Family 8 41,~~660~~622,~~945~~495.5457 4.26 ~~114~~113 5.3694 2.~~264955~~247407 Office 15 288,~~652~~573,~~992~~003.1945 29.5051 ~~107~~106 5.~~2276~~2275 2.~~921833~~922003 Other 3 17,~~953~~924,~~149~~871.2909 1.8483 ~~114~~113 6.0369 2.~~083834~~083946 Retail 52 499,~~691~~485,~~057~~085.7495 51.0708 ~~112~~111 5.~~4810~~4809 1.~~582482~~582092 Self Storage 13 3029,~~022~~971,~~094~~756.4897 3.07 9594 5.~~4815~~4816 1.~~643813~~639802 Totals 121 ~~978~~977,~~356~~811,~~127~~004.1605 100.00 ~~110~~109 5.~~4256~~4255 2.~~240322~~236773

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 4.500% or less 2 14,305,000.00 1.46 6059 4.2380 3.127976 4.501% to 5.000% 7 133,500,000.00 13.65 ~~109~~108 4.8716 4.~~132442~~120757 5.001% to 5.500% 47 ~~438~~437,~~060~~825,~~109~~272.3007 44.78 ~~105~~104 5.~~2482~~2481 1.~~969978~~969595 5.501% to 6.000% 42 253,~~400~~163,~~511~~774.6146 25.9089 ~~118~~117 5.7058 1.~~941340~~933632 6.001% to 6.500% 13 133,~~158~~092,~~647~~418.7213 13.61 ~~119~~118 6.1089 1.~~721511~~721778 6.501% or greater 2 5,~~931~~924,~~858~~539.5339 0.61 ~~153~~152 6.~~5537~~5536 1.~~899424~~899637 Totals 113 ~~978~~977,~~356~~811,~~127~~004.1605 100.00 ~~110~~109 5.~~4256~~4255 2.~~240322~~236773

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less ~~110~~108 ~~958~~943,~~668~~836,~~335~~915.2820 9796.9953 110 5.~~4117~~4294 2.~~255134~~238224 13 to 24 months 35 1933,~~687~~974,~~791~~088.8885 23.0147 ~~112~~89 65.~~1010~~3166 12.~~519088~~196460 25 to 36 months 0 0.00 0.00 0 0.0000 0.000000 37 to 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 113 ~~978~~977,~~356~~811,~~127~~004.1605 100.00 ~~110~~109 5.~~4256~~4255 2.~~240322~~236773

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 7 51,~~430~~411,~~760~~077.6457 5.26 5453 4.~~9374~~9373 2.~~486657~~484714 61 to 120 months 94 884,~~801~~381,~~513~~641.0835 90.4445 ~~110~~109 5.4409 2.~~258663~~256763 121 to 180 months 1 7,~~451~~444,~~531~~273.7806 0.76 ~~150~~149 5.5200 1.~~890000~~780000 181 months or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 102 943,~~683~~236,~~805~~991.5098 96.46 ~~107~~106 5.~~4141~~4140 2.~~268177~~265425

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 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 180 months 6 14,~~077~~026,~~887~~148.6489 1.4443 ~~174~~173 5.~~4743~~4744 1.~~677680~~611127 181 months or greater 5 20,~~594~~547,~~434~~863.0218 2.1110 ~~228~~227 5.9180 1.~~348558~~348567 Totals 11 34,~~672~~574,~~321~~012.6607 3.54 ~~206~~205 5.~~7379~~7380 1.~~482191~~455083

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 20 350,038,000.00 35.7880 9897 5.0420 2.~~526753~~522296 240 months or less 3 16,~~742~~705,~~536~~624.3256 1.71 ~~112~~111 5.7288 1.~~628396~~628398 241 to 300 months 18 114,~~250~~125,~~723~~433.9269 11.6867 ~~106~~105 5.~~5637~~5635 2.~~668763~~668503 301 months or greater 61 462,~~652~~367,~~545~~933.2673 47.29 ~~114~~113 5.6474 1.~~996771~~994485 Totals 102 943,~~683~~236,~~805~~991.5098 96.46 ~~107~~106 5.~~4141~~4140 2.~~268177~~265425

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 ~~102~~90 ~~872~~811,~~192~~637,~~748~~742.7059 8983.1501 ~~109~~108 5.~~4156~~4009 2.~~406358~~431477 Unknown 3 46,663,155.00 4.77 ~~114~~113 5.1452 NAP 1 year or less 820 59119,~~500~~510,~~223~~106.46 612.0822 ~~124~~119 5.~~7922~~7018 1.~~563435~~787818 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 113 ~~978~~977,~~356~~811,~~127~~004.1605 100.00 ~~110~~109 5.~~4256~~4255 2.~~240322~~236773 (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. Note: (i) An ARD Loan constitutes a "Hyper-Amortization Loan" as defined in the offering document.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type (1) City State Payment Payment Coupon 850201485 5 RT Pottstown PA ~~383~~396,~~647~~435.5075 0.00 6.018% 700400191 6 OF Coral Gables FL ~~210~~217,~~833~~861.3311 0.00 5.060% 850500087 7 OF Houston TX ~~169~~175,~~847~~308.4615 4237,~~932~~471.3061 5.434% 700400130 8 OF Vienna VA ~~179~~185,~~295~~272.8336 0.00 5.815% 850500082 9 RT Simsbury CT ~~150~~155,~~474~~490.3819 0.00 5.423% 850201700 10 LO New York NY ~~104~~107,~~166~~638.6789 0.00 5.000% 700400146 11 OF San Diego CA 8991,~~000~~966.0067 0.00 5.340% 850500104 12 RT Summerville SC 69,033.63 0.00 5.010% 310901876 13 RT Chatsworth CA 7476,~~184~~656.0080 0.00 5.620% 600873804 14 RT West Covina CA 6870,~~643~~931.7588 0.00 5.230% 310901802 15 IN Manassas VA 6264,~~112~~110.0840 1513,~~192~~194.5826 5.510% 310901773 16 OF Beverly Hills CA 5658,~~729~~551.0849 1513,~~137~~315.9453 5.260% 310901685 17 MH Davie FL 4951,~~600~~253.0033 0.00 4.960% 850500105 18 RT Miami FL 48,221.02 0.00 5.170% 700400180 19 SS Various Various 5455,~~048~~765.5538 1614,~~661~~944.4562 5.910% 310901808 20 MF Chatsworth CA 4748,~~345~~865.9366 1311,~~056~~536.2754 5.200% 600873805 21 IN Weston FL 4850,~~783~~352.4904 1210,~~334~~765.4085 5.420% 600873806 22 RT Charlotte NC 5658,~~552~~383.9538 98,~~889~~059.5512 6.420% 600873807 23 RT Santa Clarita CA 4951,~~530~~125.0950 119,~~345~~750.4302 5.690% 600873808 24 RT Alpharetta GA 5153,~~694~~364.3607 108,~~221~~551.6291 6.070% 600873801 25 MF Grand Blanc MI 4446,~~870~~290.1493 1614,~~049~~629.8809 5.418% 310901846 26 MU Mitchellville MD 3940,~~502~~818.1791 0.00 4.837% 850500075 27 RT Stoughton MA 42,094.80 0.00 5.174% 850201663 28 RT Alameda CA 4445,~~224~~698.0013 0.00 5.528% 700400232 29 RT Davie FL 3940,~~649~~923.0621 109,~~384~~110.2611 5.310% 600873809 30 RT Fort Lauderdale FL 4142,~~028~~348.5546 108,~~072~~752.4655 5.500% 700400172 31 MF Suffern NY 3739,~~825~~085.0083 0.00 5.340% 600873810 32 IN Denver CO 3839,~~023~~197.9505 1918,~~853~~680.5141 5.520% 600873811 33 RT Colorado Springs CO 3637,~~334~~485.7683 1211,~~641~~490.7265 5.520% 600873812 34 IN Beltsville MD 3738,~~345~~547.7161 87,~~660~~458.6979 5.760% 700400227 35 RT Glen Allen VA 3132,~~790~~810.7292 87,~~976~~956.6141 5.110% 600873813 36 IN Weston FL 3435,~~315~~419.5261 87,~~362~~258.8172 5.520% 850500022 37 RT East Syracuse NY 24,666.67 0.00 4.000% 850500089 38 OT Bradenton FL 3536,~~785~~895.6402 1615,~~155~~046.6123 6.000% 700400218 39 LO Augusta GA 3435,~~057~~138.3989 109,~~780~~699.9545 5.790% 600873814 40 RT Lawrenceville GA 3132,~~966~~954.1504 1615,~~304~~316.6576 5.530% 850500019 41 RT Schaumburg IL 25,853.47 0.00 4.493% 850500088 42 OT Los Angeles CA 3233,~~518~~550.1413 109,~~421~~389.5051 5.789% 850500099 43 RT Tyrone GA 26,035.08 0.00 4.663% 310901790 44 RT Benson AZ 2930,~~769~~728.9769 6,~~971~~012.0937 5.600% 310901780 45 OF Shreveport LA 2829,~~529~~447.0761 65,~~738~~819.0147 5.590% 700400239 46 LO Truckee CA 2728,~~470~~341.8363 98,~~446~~575.1232 5.520% 310901787 47 IN Rancho Cucamonga CA 2728,~~159~~033.2603 65,~~720~~846.0932 5.450% 600873815 48 IN Clifton City NJ 2930,~~186~~113.6782 98,~~032~~105.4934 5.880% 700400190 49 OF San Bernardino CA 25,~~153~~991.3378 0.00 5.390% 600873816 50 RT Lake Forest CA 2829,~~775~~704.0270 54,~~523~~593.2456 6.200% 600873802 51 RT Fairfield CT 2526,~~200~~040.00 0.00 5.600% 310901767 52 RT Livonia MI 2324,~~255~~003.7701 65,~~102~~354.1086 5.320% 310901627 53 LO Dover DE 2627,~~585~~431.7369 76,~~450~~604.9498 6.270% 700400162 54 RT Sacramento CA 24,~~104~~881.9555 54,~~403~~626.2464 5.780% 700400077 55 OF Dumfries VA 2425,~~632~~427.3522 4,~~972~~178.9003 6.120% 310901816 56 SS Fresno CA 1920,~~400~~013.8384 76,~~597~~984.1716 5.150% 700400082 57 RT Pasadena TX 2021,~~430~~087.9775 54,~~119~~462.5476 5.500% 600873817 58 RT Oceanside CA 2122,~~378~~067.6157 4,~~696~~007.7882 5.850% 610901656 59 RT Laguna Hills CA 2021,~~606~~270.4963 43,~~569~~905.1501 5.780% 700400207 60 MU Fullerton CA 1920,~~458~~084.3466 4,~~663~~037.4513 5.550% 600873818 61 RT Greeley CO 2223,~~561~~281.63 5,~~744~~024.60 6.480% 310901819 62 SS Inglewood CA 1718,~~733~~293.6979 76,~~064~~504.4232 5.100% 610901733 63 OT Richmond CA 22,~~169~~882.1558 43,~~555~~842.8946 6.510% 410901778 64 MF San Jose CA 1718,~~754~~325.7900 4,~~809~~239.4423 5.220% 600873819 65 RT Franklin TN 2021,~~597~~237.3903 8,~~965~~326.8218 6.080% 610901770 66 OF Salinas CA 2021,~~570~~209.5848 8,~~819~~181.9505 6.160% 410901818 67 SS Panorama City CA 1617,~~889~~422.2365 6,~~728~~194.0159 5.100% 410901736 68 OF Roseville CA 19,~~268~~890.9106 43,~~226~~605.6954 5.810% 410901834 69 IN Chatsworth CA 17,~~034~~581.1516 4,~~661~~114.7473 5.180% 600873820 70 RT Whitestone NY 18,~~399~~344.3072 11,~~215~~270.5917 5.840% 600873821 71 RT Herndon VA 18,~~352~~944.4604 43,~~016~~425.8022 5.830% 310901585 72 RT Austin TX 1617,~~635~~125.9201 1413,~~151~~662.7364 5.370% 410901835 73 IN Canoga Park CA 1516,~~915~~426.7484 43,~~355~~844.6858 5.180% 700400204 74 OF Phoenix AZ 1516,~~757~~262.0571 43,~~423~~917.1347 5.140% 850500103 75 RT Lake Mary FL 15,757.73 0.00 5.170% 410901814 76 MU Alexandria VA 16,~~367~~895.9719 3,~~791~~263.0684 5.630% 620901799 77 SS Lake Elsinore CA 16,~~380~~900.7234 54,~~426~~907.9937 5.650% 600873822 78 MF Trenton NJ 16,~~422~~951.4735 3,~~802~~274.9103 5.660% 600873823 79 RT Highlands Ranch CO 1718,~~479~~036.4188 4,~~576~~018.1366 6.390% 410901795 80 MF Anchorage AK 1415,~~940~~421.8574 3,~~593~~113.9405 5.540% 410901833 81 IN Chatsworth CA 13,~~549~~985.8901 3,~~708~~273.2109 5.180% 310901739 82 MH Ojai CA 13,~~268~~693.2189 3,~~756~~330.6294 5.130% 620901781 83 RT Glendale AZ 1415,~~809~~287.8345 32,~~183~~705.3775 5.850% 620901812 84 SS Flagstaff AZ 1213,~~933~~313.3288 1110,~~183~~802.0145 5.250% 410901726 85 OF Lakeway TX 13,~~155~~573.6895 3,~~918~~500.3104 6.000% 410901817 86 MH Fowlerville MI 1112,~~865~~247.9879 2,~~896~~514.5372 5.500% 620901539 87 RT Houston TX 11,~~167~~125.6852 9,~~232~~275.8804 5.480% 410901815 88 RT Coronado CA 1011,~~773~~119.1458 2,~~718~~372.5814 5.410% 410901775 89 IN Chino CA 1112,~~714~~086.6584 3,~~602~~230.2102 5.900% 620901730 90 IN Orange CA 10,~~455~~792.8612 2,~~628~~292.7751 5.420% 600873824 91 IN Denver CO 1112,~~694~~072.4701 21,~~349~~972.8935 6.070% 700400150 92 RT Lewisville TX 10,~~558~~898.7194 2,~~349~~009.8663 5.800% 410901837 93 IN Chatsworth CA 9,~~140~~434.8033 2,~~501~~208.5704 5.180% 620901796 94 RT Taylor MI 10,~~029~~352.2068 21,~~130~~806.1062 5.900% 410901797 95 MH Novi MI 8,~~633~~911.9920 2,~~360~~083.5938 5.210% 600873825 96 RT Louisville KY 9,~~019~~285.1017 7,~~311~~045.9689 5.490% 600873803 97 RT Chandler AZ 9,~~671~~982.1067 21,~~140~~828.4992 5.860% 410901822 98 IN Phoenix AZ 9,~~186~~482.6574 21,~~047~~751.1304 5.750% 700400123 99 RT Salem OR 9,~~118~~411.1284 21,~~042~~748.2957 5.810% 410901697 100 RT Mt. Vernon IN 10,~~272~~593.7745 3,~~797~~476.3668 6.650% 410901806 101 RT Roswell NM 78,~~955~~211.6100 21,~~191~~936.5213 5.190% 410901838 102 IN Panorama City CA 7,~~613~~858.7524 21,~~083~~839.6617 5.180% 600873826 103 RT Alpharetta GA 7,~~451~~691.3925 1,~~779~~539.2943 5.560% 600873827 104 RT Kent WA 7,~~043~~250.2758 5,~~928~~721.4009 5.380% 600873828 105 MF Olympia WA 7,~~444~~436.6164 1,~~650~~658.0603 5.800% 410901836 106 IN Huntington Beach CA 6,~~727~~943.3167 1,~~695~~479.6529 5.400% 410901779 107 RT Cincinnati OH 7,~~097~~089.1353 1,~~588~~596.6424 5.740% 410901765 108 RT Winnetka CA 7,~~665~~637.0388 5,~~204~~231.4964 6.260% 410901479 109 IN Ogden UT 6,~~306~~500.7374 3,~~379~~185.1312 5.570% 600873829 110 IN Bohemia NY 5,~~814~~999.4648 1,~~672~~487.5351 6.110% 700400084 1B OF Bridgewater NJ ~~161~~167,~~978~~377.6796 0.00 4.840% 700400090 2B OF Washington DC DC ~~150~~155,~~806~~833.3321 0.00 4.840% 700400096 3B OF Brea CA 910,~~881~~211.6706 0.00 4.840% 850201693 4A RT Waipahu HI ~~131~~136,~~725~~115.0387 0.00 5.145% 510901990 4B RT Waipahu HI ~~131~~136,~~725~~115.0387 0.00 5.145% 850201695 4C RT Waipahu HI 3435,~~175~~314.5170 0.00 5.145% 510902277 4D RT Waipahu HI 3435,~~175~~314.5170 0.00 5.145% Totals 4,~~426~~560,~~324~~814.5484 ~~608~~545,~~406~~123.1211

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 850201485 N/A 07/01/2014 N 76,500,000.00 76,500,000.00 0506/01/2005 700400191 N/A 10/08/2011 N 50,000,000.00 50,000,000.00 0405/08/2005 850500087 N/A 10/01/2014 N 37,~~507~~464,~~719~~787.9565 37,~~464~~427,~~787~~316.6504 0506/01/2005 700400130 N/A 07/08/2014 N 37,000,000.00 37,000,000.00 0506/08/2005 850500082 N/A 10/01/2014 N 33,300,000.00 33,300,000.00 0506/01/2005 850201700 N/A 12/01/2014 N 25,000,000.00 25,000,000.00 0506/01/2005 700400146 N/A 02/08/2015 N 20,000,000.00 20,000,000.00 0405/08/2005 850500104 N/A 12/01/2009 N 16,535,000.00 16,535,000.00 0506/01/2005 310901876 N/A 01/01/2015 N 15,840,000.00 15,840,000.00 0506/01/2005 600873804 N/A 12/01/2014 N 15,750,000.00 15,750,000.00 0506/01/2005 310901802 N/A 11/01/2014 N 13,~~527~~511,~~131~~939.8224 13,~~511~~498,~~939~~744.2498 0506/01/2005 310901773 N/A 12/01/2014 N 12,~~941~~926,~~996~~858.4147 12,~~926~~913,~~858~~542.4794 0506/01/2005 310901685 N/A 10/01/2014 N 12,000,000.00 12,000,000.00 0506/01/2005 850500105 N/A 12/01/2009 N 11,192,500.00 11,192,500.00 0506/01/2005 700400180 N/A 10/01/2014 N 10,~~974~~957,~~325~~663.2075 10,~~957~~942,~~663~~719.7513 0506/01/2005 310901808 N/A 10/01/2014 N 10,~~925~~912,~~983~~927.2902 10,~~912~~901,~~927~~390.0248 0506/01/2005 600873805 N/A 11/01/2014 N 10,~~800~~788,~~772~~438.8040 10,~~788~~777,~~438~~672.4055 0506/01/2005 600873806 N/A 01/01/2015 N 10,~~570~~560,~~645~~755.0651 10,~~560~~552,~~755~~696.5139 0506/01/2005 600873807 N/A 11/01/2014 N 10,~~445~~434,~~712~~367.4300 10,~~434~~424,~~367~~616.0098 0506/01/2005 600873808 N/A 01/05/2015 N 10,~~219~~209,~~641~~420.9533 10,~~209~~200,~~420~~868.3342 0506/05/2005 600873801 N/A 12/01/2014 N 9,~~938~~921,~~016~~966.2638 9,~~921~~907,~~966~~337.3829 0506/01/2005 310901846 N/A 12/01/2014 N 9,800,000.00 9,800,000.00 0506/01/2005 850500075 09/01/2011 09/01/2034 N 9,763,000.00 9,763,000.00 0506/01/2005 850201663 N/A 10/01/2014 N 9,600,000.00 9,600,000.00 0506/01/2005 700400232 N/A 12/01/2014 N 8,~~960~~949,~~239~~855.5428 8,~~949~~940,~~855~~745.2817 0506/01/2005 600873809 N/A 11/01/2014 N 8,~~951~~941,~~683~~610.2478 8,~~941~~932,~~610~~858.7823 0506/01/2005 700400172 N/A 09/01/2014 N 8,500,000.00 8,500,000.00 0506/01/2005 600873810 N/A 09/01/2014 N 8,~~266~~246,~~076~~223.5100 8,~~246~~227,~~223~~542.0059 0506/01/2005 600873811 N/A 11/01/2014 N 7,~~898~~886,~~861~~219.4169 7,~~886~~874,~~219~~729.6904 0506/01/2005 600873812 N/A 04/01/2014 N 7,~~780~~771,~~355~~694.6394 7,~~771~~764,~~694~~236.9415 0506/01/2005 700400227 N/A 12/01/2014 N 7,~~465~~456,~~532~~555.2463 7,~~456~~448,~~555~~599.6322 0506/01/2005 600873813 N/A 11/01/2017 N 7,~~459~~451,~~894~~531.5978 7,~~451~~444,~~531~~273.7806 0506/01/2005 850500022 05/01/2009 05/01/2034 N 7,400,000.00 7,400,000.00 0506/01/2005 850500089 N/A 10/01/2014 N 7,~~157~~140,~~127~~971.5089 7,~~140~~125,~~971~~925.8966 0506/01/2005 700400218 N/A 12/01/2014 N 7,~~058~~047,~~527~~746.3540 7,~~047~~038,~~746~~046.4095 0506/01/2005 600873814 N/A 12/01/2024 N 6,~~936~~920,~~595~~291.7813 6,~~920~~904,~~291~~974.1337 0506/01/2005 850500019 05/01/2011 05/01/2034 N 6,905,000.00 6,905,000.00 0506/01/2005 850500088 N/A 10/01/2014 N 6,~~740~~730,~~675~~254.8737 6,~~730~~720,~~254~~864.3786 0506/01/2005 850500099 N/A 05/01/2011 N 6,700,000.00 6,700,000.00 0506/01/2005 310901790 N/A 01/01/2015 N 6,~~379~~372,~~279~~308.9990 6,~~372~~366,~~308~~296.9053 0506/01/2005 310901780 N/A 12/01/2014 N 6,~~124~~117,~~309~~571.0807 6,~~117~~111,~~571~~751.0760 0506/01/2005 700400239 N/A 01/01/2012 N 5,~~971~~962,~~919~~473.9886 5,~~962~~953,~~473~~898.8654 0506/01/2005 310901787 N/A 01/01/2015 N 5,~~980~~973,~~021~~301.0900 5,~~973~~967,~~301~~454.0068 0506/01/2005 600873815 N/A 11/05/2014 N 5,~~956~~947,~~462~~430.5102 5,~~947~~939,~~430~~324.0268 0506/05/2005 700400190 N/A 11/01/2014 N 5,600,000.00 5,600,000.00 0506/01/2005 600873816 N/A 10/01/2014 N 5,~~569~~563,~~358~~835.7046 5,~~563~~559,~~835~~241.4690 0506/01/2005 600873802 N/A 09/01/2014 N 5,400,000.00 5,400,000.00 0506/01/2005 310901767 11/01/2014 11/01/2034 N 5,~~245~~239,~~662~~560.6151 5,~~239~~234,~~560~~205.5165 0506/01/2005 310901627 N/A 07/01/2014 N 5,~~088~~080,~~177~~726.6773 5,~~080~~074,~~726~~121.7375 0506/01/2005 700400162 N/A 09/08/2014 N 54,~~004~~999,~~487~~084.3410 4,~~999~~994,~~084~~457.1046 0506/08/2005 700400077 N/A 06/01/2014 N 4,~~829~~824,~~872~~899.3242 4,~~824~~820,~~899~~721.4239 0506/01/2005 310901816 N/A 12/01/2009 N 4,~~520~~512,~~582~~985.4629 4,~~512~~506,~~985~~001.2913 0506/01/2005 700400082 N/A 07/01/2014 N 4,~~457~~452,~~665~~546.7319 4,~~452~~448,~~546~~083.1943 0506/01/2005 600873817 N/A 08/01/2014 N 4,~~385~~380,~~356~~659.1335 4,~~380~~376,~~659~~651.3553 0506/01/2005 610901656 N/A 11/01/2014 N 4,~~278~~273,~~163~~594.4530 4,~~273~~269,~~594~~689.3029 0506/01/2005 700400207 N/A 12/01/2014 N 4,~~207~~202,~~207~~544.9752 4,~~202~~198,~~544~~507.5239 0506/01/2005 600873818 N/A 12/01/2014 N 4,~~178~~172,~~080~~335.0646 4,~~172~~167,~~335~~310.4686 0506/01/2005 310901819 N/A 12/01/2009 N 4,~~172~~165,~~632~~567.2684 4,~~165~~159,~~567~~063.8452 0506/01/2005 610901733 N/A 01/01/2015 N 4,~~086~~081,~~478~~923.9203 4,~~081~~078,~~923~~080.0357 0506/01/2005 410901778 N/A 12/01/2014 N 4,~~081~~076,~~561~~751.3389 4,~~076~~072,~~751~~512.8966 0506/01/2005 600873819 N/A 12/01/2024 N 4,~~065~~056,~~275~~309.0725 4,~~056~~047,~~309~~983.2507 0506/01/2005 610901770 N/A 11/01/2024 N 43,~~007~~998,~~255~~435.4853 3,~~998~~990,~~435~~254.5348 0506/01/2005 410901818 N/A 12/01/2009 N 3,~~973~~967,~~935~~207.5251 3,~~967~~961,~~207~~012.5192 0506/01/2005 410901736 N/A 11/01/2014 N 3,~~979~~975,~~808~~581.4677 3,~~975~~971,~~581~~976.7723 0506/01/2005 410901834 N/A 01/01/2015 N 3,~~946~~941,~~134~~472.4268 3,~~941~~937,~~472~~357.6895 0506/01/2005 600873820 N/A 12/01/2021 N 3,~~780~~769,~~678~~462.2061 3,~~769~~758,~~462~~192.6144 0506/01/2005 600873821 N/A 10/01/2014 N 3,~~777~~773,~~521~~504.2444 3,~~773~~770,~~504~~079.4422 0506/01/2005 310901585 N/A 10/01/2019 N 3,~~717~~703,~~523~~371.1845 3,~~703~~689,~~371~~708.4581 0506/01/2005 410901835 N/A 01/01/2015 N 3,~~687~~682,~~044~~689.7608 3,~~682~~678,~~689~~844.0850 0506/01/2005 700400204 N/A 11/01/2014 N 3,~~678~~674,~~688~~265.6855 3,~~674~~670,~~265~~348.5508 0506/01/2005 850500103 N/A 12/01/2009 N 3,657,500.00 3,657,500.00 0506/01/2005 410901814 N/A 01/01/2015 N 3,~~488~~484,~~732~~941.4741 3,~~484~~481,~~941~~677.4157 0506/01/2005 620901799 N/A 12/01/2014 N 3,~~479~~473,~~091~~664.6869 3,~~473~~468,~~664~~757.6932 0506/01/2005 600873822 N/A 11/01/2014 N 3,~~481~~477,~~795~~992.8796 3,~~477~~474,~~992~~718.9693 0506/01/2005 600873823 N/A 12/01/2014 N 3,~~282~~277,~~518~~942.9683 3,~~277~~273,~~942~~924.8317 0506/01/2005 410901795 N/A 12/01/2014 N 3,~~236~~232,~~286~~692.2834 3,~~232~~229,~~692~~579.3429 0506/01/2005 410901833 N/A 01/01/2015 N 3,~~138~~135,~~970~~262.5433 3,~~135~~131,~~262~~989.3324 0506/01/2005 310901739 N/A 10/01/2014 N 3,~~103~~099,~~675~~919.6604 3,~~099~~096,~~919~~588.0410 0506/01/2005 620901781 N/A 12/01/2014 N 3,~~037~~034,~~913~~729.2083 3,~~034~~032,~~729~~024.8308 0506/01/2005 620901812 N/A 12/01/2019 N 2,~~956~~945,~~188~~005.4140 2,~~945~~934,~~005~~202.4095 0506/01/2005 410901726 N/A 11/01/2014 N 2,~~631~~627,~~135~~217.3706 2,~~627~~623,~~217~~717.0602 0506/01/2005 410901817 N/A 12/01/2014 N 2,~~588~~586,~~940~~044.6613 2,~~586~~583,~~044~~529.1341 0506/01/2005 620901539 N/A 10/01/2019 N 2,~~445~~436,~~477~~244.4759 2,~~436~~426,~~244~~969.5955 0506/01/2005 410901815 N/A 12/01/2014 N 2,~~389~~386,~~606~~887.0547 2,~~386~~384,~~887~~515.4733 0506/01/2005 410901775 N/A 11/01/2014 N 2,~~382~~379,~~640~~038.3413 2,~~379~~375,~~038~~808.1311 05/01/2005 620901730 N/A 12/01/2014 N 2,~~314~~312,~~950~~322.9114 2,~~312~~310,~~322~~029.1463 0506/01/2005 600873824 N/A 10/03/2013 N 2,~~311~~309,~~922~~572.2839 2,~~309~~307,~~572~~600.3904 0506/03/2005 700400150 N/A 09/01/2014 N 2,~~184~~182,~~561~~211.6377 2,~~182~~180,~~211~~202.7714 0506/01/2005 410901837 N/A 01/01/2015 N 2,~~117~~115,~~559~~057.4992 2,~~115~~112,~~057~~849.9288 0506/01/2005 620901796 N/A 11/01/2014 N 2,~~039~~037,~~837~~706.0191 2,~~037~~035,~~706~~900.9129 0506/01/2005 410901797 N/A 11/01/2014 N 1,~~988~~986,~~635~~275.7516 1,~~986~~984,~~275~~191.1678 0506/01/2005 600873825 N/A 12/01/2019 N 1,~~971~~964,~~387~~075.1115 1,~~964~~957,~~075~~029.1526 0506/01/2005 600873803 N/A 06/01/2014 N 1,~~980~~978,~~430~~289.4899 1,~~978~~976,~~289~~461.9907 0405/01/2005 410901822 N/A 12/01/2014 N 1,~~917~~915,~~214~~167.5037 1,~~915~~913,~~167~~416.3733 0506/01/2005 700400123 N/A 07/01/2014 N 1,~~883~~881,~~261~~219.4718 1,~~881~~879,~~219~~470.1861 0506/01/2005 410901697 N/A 01/01/2025 N 1,~~853~~849,~~732~~935.8650 1,~~849~~846,~~935~~458.5082 0506/01/2005 410901806 N/A 11/01/2014 N 1,~~839~~837,~~447~~255.1664 1,~~837~~835,~~255~~319.6451 0506/01/2005 410901838 N/A 01/01/2015 N 1,~~763~~761,~~802~~718.4882 1,~~761~~759,~~718~~879.8265 0506/01/2005 600873826 N/A 12/01/2014 N 1,~~608~~606,~~212~~433.6839 1,~~606~~604,~~433~~893.3996 0506/01/2005 600873827 N/A 11/03/2019 N 1,~~570~~565,~~988~~060.5515 1,~~565~~559,~~060~~339.1506 0506/03/2005 600873828 N/A 10/01/2014 N 1,~~540~~538,~~265~~614.0195 1,~~538~~536,~~614~~956.9592 0506/01/2005 410901836 N/A 01/01/2015 N 1,~~494~~493,~~958~~262.4176 1,~~493~~491,~~262~~783.7647 0506/01/2005 410901779 N/A 12/01/2014 N 1,~~483~~482,~~720~~132.7107 1,~~482~~480,~~132~~535.0783 0506/01/2005 410901765 N/A 10/01/2019 N 1,~~469~~464,~~335~~130.3990 1,~~464~~458,~~130~~899.9026 0506/01/2005 410901479 N/A 03/01/2014 N 1,~~358~~355,~~720~~341.5643 1,~~355~~352,~~341~~156.4331 0506/01/2005 600873829 N/A 11/01/2014 N 1,~~141~~140,~~956~~283.4491 1,~~140~~138,~~283~~796.9140 0506/01/2005 700400084 N/A 06/07/2014 N 40,160,000.00 40,160,000.00 0506/07/2005 700400090 N/A 06/07/2014 N 37,390,000.00 37,390,000.00 0506/07/2005 700400096 N/A 06/07/2014 N 2,450,000.00 2,450,000.00 0506/07/2005 850201693 N/A 11/01/2014 N 30,721,845.00 30,721,845.00 0506/01/2005 510901990 N/A 11/01/2014 N 30,721,845.00 30,721,845.00 0506/01/2005 850201695 N/A 11/01/2014 N 7,970,655.00 7,970,655.00 0506/01/2005 510902277 N/A 11/01/2014 N 7,970,655.00 7,970,655.00 0506/01/2005 Totals 978,~~964~~356,~~533~~127.2816 ~~978~~977,~~356~~811,~~127~~004.1605

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 06/13/2005 0 $0.00 0 $0.00 0 $0.00 05/13/2005 0 $0.00 0 $0.00 0 $0.00 04/13/2005 0 $0.00 0 $0.00 0 $0.00 03/14/2005 0 $0.00 0 $0.00 0 $0.00 02/14/2005 0 $0.00 0 $0.00 0 $0.00

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 06/13/2005 0 $0.00 0 $0.00 0 $0.00 05/13/2005 0 $0.00 0 $0.00 0 $0.00 04/13/2005 0 $0.00 0 $0.00 0 $0.00 03/14/2005 0 $0.00 0 $0.00 0 $0.00 02/14/2005 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 06/13/2005 0 $0.00 0 $0.00 5.425495% 5.387884% 109 05/13/2005 0 $0.00 0 $0.00 5.425602% 5.387986% 110 04/13/2005 0 $0.00 0 $0.00 5.425722% 5.388101% 111 03/14/2005 0 $0.00 0 $0.00 5.425827% 5.388202% 112 02/14/2005 0 $0.00 0 $0.00 5.425975% 5.388344% 113 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 ~~700400191~~410901775 689 0 0405/0801/2005 ~~209~~15,~~583~~173.3346 ~~209~~15,~~583~~173.3346 AB ~~700400146 11 0 04/08/2005 88,500.00 88,500.00 A~~ 600873803 97 0 0405/01/2005 11,~~679~~675.5631 11,~~679~~675.5631 B Totals 32 ~~309~~26,~~762~~848.8977 ~~309~~26,~~762~~848.8977

Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date ~~700400191~~410901775 502,~~000~~379,~~000~~038.0013 0.00 ~~700400146 20,000,000.00 0.00~~ 600873803 1,~~980~~978,~~430~~289.4899 0.00 Totals 714,~~980~~357,~~430~~328.4812 0.00

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = AB (2 loans) ~~298~~26,~~083~~848.3377 ~~298~~26,~~083~~848.3377 704,~~000~~357,~~000~~328.0012 0.00 ~~Total for Status Code = B~~ (1 ~~loan~~) ~~11,679.56 11,679.56 1,980,430.48 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 Bond/Collateral Realized Loss Reconciliation No Realized Losses this Period

Filing Compare · Morgan Stanley Capital I Trust 2005 TOP 17